广东通宇通讯股份有限公司 2020 年年度报告 2021 年 04 月 1 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人吴中林、主管会计工作负责人王智及会计机构负责人(会计主管人员)李艳军 声明：保证本年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本公司请投资者认真阅读本报告，公司在本报告"第四节 经营情况讨论与分析"中"九、 公司未来发展的展望"之"（四）可能面对的风险"部分描述了公司未来经营中可能面临的风险， 敬请广大投资者注意查阅。 公司经本次董事会审议通过的利润分配预案为：以 337,840,200 为基数，向全体股东每 10 股派发现金红利 3 元（含税），送红股 0 股（含税），不以公积金转增股本。 2 目录 | --- | --- | |------------------------------------------------------------------------------------------ ...

广东通宇通讯股份有限公司 2021 年第一季度报告全文 广东通宇通讯股份有限公司 2021 年第一季度报告 2021 年 04 月 1 广东通宇通讯股份有限公司 2021 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人吴中林、主管会计工作负责人王智及会计机构负责人(会计主管 人员)李艳军声明：保证季度报告中财务报表的真实、准确、完整。 2 广东通宇通讯股份有限公司 2021 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | |-----------------------------------------------------|------------------|------------------|------------------------| | | 本报告期 | 上年同期 | 本报告 ...

广东通宇通讯股份有限公司 2020 年第三季度报告全文 广东通宇通讯股份有限公司 2020 年第三季度报告 2020-063 2020 年 10 月 1 广东通宇通讯股份有限公司 2020 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人吴中林、主管会计工作负责人王智及会计机构负责人(会计主管 人员)李艳军声明：保证季度报告中财务报表的真实、准确、完整。 2 广东通宇通讯股份有限公司 2020 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | |-----------------------------------------------------|------------|-------------------------|----------------|-------------- ...

广东通宇通讯股份有限公司 2020 年半年度报告全文 广东通宇通讯股份有限公司 2020 年半年度报告 2020-045 2020 年 08 月 1 广东通宇通讯股份有限公司 2020 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 公司负责人吴中林、主管会计工作负责人王智及会计机构负责人(会计主管 人员)李艳军声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 公司在本报告第四节"经营情况讨论与分析"中"十、公司面临的风险和应对 措施"部分，详细描述了公司经营中可能存在的风险，敬请投资者关注相关内容， 注意投资风险。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 广东通宇通讯股份有限公司 2020 年半年度报告全文 目录 | --- | |-------------------------------------------------------------------------------- ...

[Important Notice, Table of Contents, and Definitions](index=2&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA%E3%80%81%E7%9B%AE%E5%BD%95%E5%92%8C%E9%87%8A%E4%B9%89) [Important Notice](index=2&type=section&id=%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) This section emphasizes the truthfulness, accuracy, and completeness of the annual report content, guaranteed by the company's Board of Directors, Supervisory Board, and senior management, also highlighting key operational risks including mobile communication policy changes, high customer concentration, overseas market fluctuations, technical personnel loss, actual controller influence, and potential negative impacts from the COVID-19 pandemic - Company advises investors to pay attention to several operational risks, specifically: - **Mobile Communication Policy Change Risk**: The company's main customers are mobile communication operators and equipment integrators, whose procurement is significantly affected by global industrial policies[4](index=4&type=chunk) - **Customer Concentration Risk**: Due to industry characteristics, major customers (e.g., Ericsson, ZTE, Nokia, Huawei) have highly concentrated market shares, leading to high customer concentration in the company's sales[4](index=4&type=chunk) - **Overseas Market and Exchange Rate Risk**: The company has a high proportion of export sales, facing dual risks of reduced global mobile communication investment and exchange rate fluctuations[4](index=4&type=chunk) - **Technology Risk**: Loss of core R&D personnel or technological development lagging behind industry progress may weaken the company's competitiveness[8](index=8&type=chunk) - **Actual Controller Influence Risk**: Wu Zhonglin and Shi Guiqing, as a couple, jointly hold **64.17%** of the company's shares, potentially influencing company decisions through their controlling position[8](index=8&type=chunk) - **COVID-19 Pandemic Impact**: The global spread of the pandemic may slow down overseas 4G/5G construction, reducing customer orders and thus adversely affecting the company's profitability[9](index=9&type=chunk) Profit Distribution Plan | Profit Distribution Plan | Details | | :--- | :--- | | **Base** | 337,840,200 shares | | **Cash Dividend** | $0.02 per 10 shares (tax inclusive) | | **Bonus Shares/Capitalization** | No bonus shares, no capitalization from capital reserves | [Table of Contents](index=4&type=section&id=%E7%9B%AE%E5%BD%95) The report's table of contents clearly lists all thirteen chapters, covering statutory disclosure content from the company's basic information, business overview, and operational analysis to financial reports and corporate governance, providing clear guidance for investors [Definitions](index=5&type=section&id=%E9%87%8A%E4%B9%89) This section defines specific terms and abbreviations used in the report, including the company and its subsidiaries, major customers (e.g., China Mobile, Ericsson), key terms (e.g., General Meeting of Shareholders, Board of Directors), and the reporting period, ensuring accuracy of information conveyed [Company Profile and Key Financial Indicators](index=6&type=section&id=%E7%AC%AC%E4%BA%8C%E8%8A%82%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B%E5%92%8C%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) [Company Information and Contact Details](index=6&type=section&id=%E5%85%AC%E5%8F%B8%E4%BF%A1%E6%81%AF%E4%B8%8E%E8%81%94%E7%B3%BB%E6%96%B9%E5%BC%8F) This section provides the company's basic industrial and commercial information, listing details, contact methods, and information disclosure channels. The company's full name is Guangdong Tongyu Communication Inc., stock code 002792, listed on the Shenzhen Stock Exchange. The company's main business has not significantly changed since its listing Company Information | Item | Information | | :--- | :--- | | **Stock Abbreviation** | Tongyu Communication | | **Stock Code** | 002792 | | **Listing Exchange** | Shenzhen Stock Exchange | | **Legal Representative** | Wu Zhonglin | | **Main Business Change** | No change | | **Controlling Shareholder Change** | No change | [Key Accounting Data and Financial Indicators](index=7&type=section&id=%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) During the reporting period, the company's operating revenue achieved significant growth, increasing by **29.50%** year-on-year, but net profit attributable to shareholders and non-recurring net profit both saw substantial declines, falling by **43.24%** and **82.98%** respectively. Net cash flow from operating activities significantly improved, increasing by **664.87%** year-on-year. The company's total assets maintained stable growth Key Financial Indicators | Main Financial Indicators | 2019 | 2018 | YoY Change | | :--- | :--- | :--- | :--- | | **Operating Revenue ($)** | 1,637,984,252.50 | 1,264,853,046.52 | 29.50% | | **Net Profit Attributable to Parent ($)** | 25,214,174.44 | 44,424,493.27 | -43.24% | | **Net Profit Attributable to Parent (Excl. Non-recurring) ($)** | 2,776,333.95 | 16,308,291.01 | -82.98% | | **Net Cash Flow from Operating Activities ($)** | 163,015,406.99 | 21,312,731.54 | 664.87% | | **Basic Earnings Per Share ($/share)** | 0.07 | 0.13 | -46.15% | | **Total Assets ($)** | 3,142,025,386.45 | 2,855,551,982.70 | 10.03% | | **Net Assets Attributable to Parent ($)** | 1,957,456,897.23 | 1,942,691,068.06 | 0.76% | [Key Quarterly Financial Indicators](index=8&type=section&id=%E5%88%86%E5%AD%A3%E5%BA%A6%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) The company's 2019 performance showed significant quarterly fluctuations, with a loss in the first quarter, profitability in the second and third quarters, but a substantial loss again in the fourth quarter. Operating revenue peaked in the third quarter, while both revenue and profit declined sharply in the fourth quarter Quarterly Financial Indicators ($) | Indicator ($) | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | | :--- | :--- | :--- | :--- | :--- | | **Operating Revenue** | 389,801,585.73 | 415,805,572.70 | 526,406,024.32 | 305,971,069.75 | | **Net Profit Attributable to Parent** | -18,150,126.74 | 69,221,000.33 | 39,973,460.57 | -65,830,159.72 | | **Net Profit Attributable to Parent (Excl. Non-recurring)** | -20,126,604.57 | 58,472,416.59 | 34,880,247.55 | -70,449,725.62 | | **Net Cash Flow from Operating Activities** | -70,662,861.77 | -26,689,611.79 | 263,193,685.72 | -2,825,805.17 | [Non-recurring Gains and Losses and Amounts](index=8&type=section&id=%E9%9D%9E%E5%B8%B8%E8%A7%84%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%8F%8A%E9%87%91%E9%A2%9D) In 2019, the company's total non-recurring gains and losses amounted to **$22.44 million**, primarily from government subsidies (**$26.58 million**) and fair value changes and investment income from financial assets (**$5.76 million**), which constituted a significant portion of the company's net profit for the period Non-recurring Gains and Losses ($) | Item | 2019 Amount ($) | 2018 Amount ($) | | :--- | :--- | :--- | | **Non-current Asset Disposal Gains/Losses** | -2,004,086.89 | -573,543.76 | | **Government Subsidies Included in Current P&L** | 26,581,310.36 | 36,882,839.24 | | **Gains/Losses from Trading Financial Assets, etc.** | 5,756,423.06 | 2,347,333.53 | | **Other Non-operating Income/Expenses** | -2,829,683.32 | 435,801.89 | | **Total** | 22,437,840.49 | 28,116,202.26 | [Company Business Overview](index=10&type=section&id=%E7%AC%AC%E4%B8%89%E8%8A%82%E5%85%AC%E5%8F%B8%E4%B8%9A%E5%8A%A1%E6%A6%82%E8%A6%81) [Main Business, Operating Model, and Industry Characteristics](index=10&type=section&id=%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E4%BB%8E%E4%BA%8B%E7%9A%84%E4%B8%BB%E8%A6%81%E4%B8%9A%E5%8A%A1) The company's core business involves R&D, production, and sales of communication antennas and RF devices, with base station antennas as its leading product, and has entered the optical communication field through the acquisition of Shenzhen Guangwei. The company adopts a "production-to-order" combined with "stock-production" model, with direct sales in the domestic market and a combination of direct sales and distributors in overseas markets. With the advent of 5G construction, the industry the company operates in is embracing new development opportunities - Company's main product lines include: - **Base Station Antennas**: The company's leading product, applied in 2G to 5G mobile communication network wireless coverage - **RF Devices**: Including combiners, tower-mounted amplifiers, filters, etc., applied in communication, national defense, and other fields - **Microwave Antennas**: Used for point-to-point or point-to-multipoint microwave communication systems - **Optical Module Products**: Produced by subsidiary Shenzhen Guangwei, applied in metropolitan area networks, data centers, etc., covering 1G to 100G series products[40](index=40&type=chunk) - The company adopts a mature operating model: - **Procurement Model**: Establishes a qualified supplier system and manages information through the SAP system - **Production Model**: Primarily production-to-order, combined with stock production for some conventional products, with some processes outsourced - **Sales Model**: Domestic market mainly through operators and equipment vendors' centralized procurement tenders for direct sales; overseas markets adopt a combination of direct sales and distributors[41](index=41&type=chunk)[44](index=44&type=chunk) [Significant Changes in Major Assets](index=11&type=section&id=%E4%B8%BB%E8%A6%81%E8%B5%84%E4%BA%A7%E9%87%8D%E5%A4%A7%E5%8F%98%E5%8C%96%E6%83%85%E5%86%B5) During the reporting period, among the company's major asset categories, notes receivable and prepayments significantly increased by **95.00%** and **57.96%** respectively due to increased sales. Construction in progress substantially decreased by **54.86%** due to project capitalization. Overseas assets, primarily the wholly-owned subsidiary Tongyu (Hong Kong), accounted for **24.80%** of the company's net assets, operating steadily with no significant impairment risks Major Asset Changes | Major Assets | Significant Change Explanation | | :--- | :--- | | **Construction in Progress** | Decreased by 54.86% year-on-year, mainly due to some construction in progress being transferred to fixed assets | | **Notes Receivable** | Increased by 95.00% year-on-year, mainly due to increased sales and a higher proportion of customers settling with notes | | **Prepayments** | Increased by 57.96% year-on-year, mainly due to increased material procurement driven by sales, with some suppliers requiring prepayments | | **Other Current Assets** | Decreased by 48.61% year-on-year, mainly due to receipt of VAT refund for input tax credits | - The company's main overseas asset is its wholly-owned subsidiary Tongyu (Hong Kong) Co., Ltd., with an asset scale of approximately **$486 million**, accounting for **24.80%** of the company's net assets. During the reporting period, the company incurred a loss of **$14.63 million**, but the company believes its assets are safe and controllable, with no significant impairment risks[48](index=48&type=chunk) [Core Competitiveness Analysis](index=12&type=section&id=%E6%A0%B8%E5%BF%83%E7%AB%9E%E4%BA%89%E5%8A%9B%E5%88%86%E6%9E%90) The company's core competitiveness is reflected in six aspects: strong technical R&D capabilities (with **519** authorized patents, **83** of which are 5G-related), rapid market response capability, stable high-quality domestic and international customer resources, a vertically integrated precision manufacturing and quality control system, the ability to participate in setting industry technical standards, and a diversified product line covering antennas, RF, and optical modules - **Technical R&D Advantage**: Possesses a postdoctoral research workstation, is a National Torch Program key high-tech enterprise, and became China Mobile's 5G Joint Innovation Center's first antenna R&D enterprise partner. As of the end of the reporting period, it held **519** authorized patents, including **63** invention patents, with **83** 5G-related patents authorized[49](index=49&type=chunk) - **Market Response Speed Advantage**: Capable of rapid response from R&D, mold design to mass production, effectively shortening product R&D and manufacturing cycles[50](index=50&type=chunk) - **Customer Resource Advantage**: Established stable cooperative relationships with mainstream domestic and international operators (China Mobile, Vodafone, etc.) and equipment integrators (Huawei, ZTE, Nokia, etc.), with products sold to over **60** countries and regions worldwide[53](index=53&type=chunk) - **Manufacturing and Quality Control Advantage**: Possesses independent R&D and design capabilities for core components and a strict product quality control system[54](index=54&type=chunk) - **Industry Standard Setting Advantage**: Participated in the formulation of multiple national and industry standards for mobile communication[55](index=55&type=chunk) - **Product Diversification Advantage**: Has a complete product line of communication antennas, RF devices, and optical transmission modules[56](index=56&type=chunk) [Management Discussion and Analysis](index=14&type=section&id=%E7%AC%AC%E5%9B%9B%E8%8A%82%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) [Overview](index=14&type=section&id=%E4%B8%80%E3%80%81%E6%A6%82%E8%BF%B0) In 2019, as the first year of 5G commercialization, the company seized development opportunities, achieving operating revenue of **$1.638 billion**, a year-on-year increase of **29.50%**. However, due to being in a transitional period between the end of 4G construction and the start of large-scale 5G construction, total profit and net profit attributable to shareholders declined by **30.03%** and **43.24%** respectively. The company made breakthroughs in both domestic and international markets, with overseas revenue increasing by **14.80%** year-on-year, and expanded into new product areas such as new energy Key Indicators | Indicator | 2019 Amount | YoY Growth Rate | | :--- | :--- | :--- | | **Operating Revenue** | $1.638 billion | +29.50% | | **Total Profit** | $44.63 million | -30.03% | | **Net Profit Attributable to Parent** | $25.21 million | -43.24% | | **Overseas Revenue** | $620 million | +14.80% | - In terms of market expansion, the company's FDD+TDD 5G antennas were first applied in European operator networks, and significant breakthroughs were also made in the African market. Domestic market cooperation with China Unicom achieved substantial progress[61](index=61&type=chunk) [Main Business Analysis](index=14&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) The company's main business revenue showed strong growth, with communication antenna and RF device business increasing by **34.39%** year-on-year, particularly prominent growth in base station antennas and microwave antennas. Both mainland China and overseas region revenues achieved double-digit growth. However, gross margins for base station antennas and overseas business declined. Regarding expenses, various expenses increased to different extents, with financial expenses significantly improving due to increased wealth management and exchange gains. R&D investment continued to increase, up **15.88%** year-on-year. Operating cash flow significantly improved, mainly due to increased sales collections and bill settlements with suppliers Revenue Composition ($) | Revenue Composition | 2019 Revenue ($) | YoY Growth | | :--- | :--- | :--- | | **By Industry** | | | | Communication Antennas & RF Devices | 1,429,755,080.69 | 34.39% | | Optical Communication | 201,980,094.36 | 11.29% | | **By Product** | | | | Base Station Antennas | 1,143,661,990.02 | 33.93% | | Microwave Antennas | 104,985,288.35 | 54.13% | | **By Region** | | | | Mainland China | 1,018,009,333.76 | 40.45% | | Overseas Regions | 619,974,918.74 | 14.80% | Expense Items ($) | Expense Item | 2019 Amount ($) | YoY Change | Main Change Explanation | | :--- | :--- | :--- | :--- | | **Selling Expenses** | 134,970,414.79 | 16.71% | - | | **Administrative Expenses** | 111,044,562.64 | 9.02% | - | | **Financial Expenses** | -40,040,600.29 | 36.06% | Increased wealth management income and exchange gains | | **R&D Expenses** | 133,912,593.09 | 15.88% | - | - Net cash flow from operating activities significantly increased by **664.87%** year-on-year, primarily due to increased sales leading to higher collections, while also settling with suppliers mainly through bank acceptance bills, delaying cash outflow[88](index=88&type=chunk) [Asset and Liability Status Analysis](index=20&type=section&id=%E5%9B%9B%E3%80%81%E8%B5%84%E4%BA%A7%E5%8F%8A%E8%B4%9F%E5%80%BA%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) As of the end of the reporting period, the company's total assets reached **$3.142 billion**, a year-on-year increase of **10.03%**. The asset structure remained stable, with monetary funds, accounts receivable, and inventories being the main components. On the liability side, notes payable significantly increased, leading to a rise in current liabilities. The company began implementing new financial instrument standards in 2019 - The company began implementing new financial instrument standards, new revenue standards, or new lease standards from 2019, and adjusted relevant items in the opening financial statements accordingly[90](index=90&type=chunk) - As of the end of the reporting period, the company had **$193 million** in restricted assets, mainly comprising margin deposits for bank acceptance bills and guarantees, and judicially frozen funds[95](index=95&type=chunk) [Investment Status Analysis](index=21&type=section&id=%E4%BA%94%E3%80%81%E6%8A%95%E8%B5%84%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) During the reporting period, the company's investment amount decreased by **66.76%** year-on-year. Core investment activities revolved around the use of raised funds. To adapt to 5G technology development and market changes, the company terminated some original fundraising projects, reallocating funds to the "5G Mobile Communication Base Station Antenna Feeder System Product R&D and Industrialization Project" to improve fund utilization efficiency and seize market opportunities - The investment amount during the reporting period was **$1.763 million**, a significant decrease of **66.76%** compared to **$5.305 million** in the same period last year[96](index=96&type=chunk) - The company changed the use of some IPO raised funds from 2016, terminating the "Base Station Antenna Product Expansion Project," "RF Device Product Construction Project," and "International Marketing and Service Network Construction Project," reallocating the remaining **$196 million** to the new "5G Mobile Communication Base Station Antenna Feeder System Product R&D and Industrialization Project"[106](index=106&type=chunk)[110](index=110&type=chunk) [Analysis of Major Holding and Participating Companies](index=26&type=section&id=%E4%B8%83%E3%80%81%E4%B8%BB%E8%A6%81%E6%8E%A7%E8%82%A1%E5%8F%82%E8%82%A1%E5%85%AC%E5%8F%B8%E5%88%86%E6%9E%90) Shenzhen Guangwei Optical Communication Technology Co., Ltd., the company's main holding subsidiary, performed well during the reporting period, achieving operating revenue of **$202 million** and net profit of **$21.29 million**, serving as the core of the company's optical communication business. Concurrently, the company sold all equity in its wholly-owned subsidiary Xi'an Xinghengtong Communication Technology Co., Ltd., which resulted in a significant asset impairment loss for the 2019 fiscal year Subsidiary Performance | Subsidiary Name | Business Type | 2019 Operating Revenue ($) | 2019 Net Profit ($) | | :--- | :--- | :--- | :--- | | Shenzhen Guangwei Optical Communication Technology Co., Ltd. | Optical Module Business | 201,980,094.36 | 21,292,532.79 | - During the reporting period, the company sold all equity in its wholly-owned subsidiary Xi'an Xinghengtong Communication Technology Co., Ltd., resulting in a significant asset impairment loss for the 2019 fiscal year[115](index=115&type=chunk) [Outlook on the Company's Future Development](index=27&type=section&id=%E4%B9%9D%E3%80%81%E5%85%AC%E5%8F%B8%E6%9C%AA%E6%9D%A5%E5%8F%91%E5%B1%95%E7%9A%84%E5%B1%95%E6%9C%9B) Looking ahead, the company will seize the development opportunities brought by 5G construction. Strategically, the company will focus on technological innovation, increase R&D investment in 5G antenna feeder systems, consolidate its core business of base station antennas and RF devices, and actively expand into new product areas such as energy, CPE, and WiFi6. Operational plans include strengthening production control, capturing the 5G market, deepening industry layout, and improving internal governance - **Development Strategy**: In the next 2-3 years, the company will focus on R&D investment in new-generation 5G communication antenna feeder systems to maintain its industry-leading position. While strengthening its core business, it will integrate key component resources and expand into new product areas such as energy, CPE, and WiFi6[121](index=121&type=chunk) - **Operating Plan**: - **Production**: Strengthen process control, improve product craftsmanship and quality, reduce costs, and increase efficiency - **Market**: Seize the existing 4G market and fully cooperate with core customers to capture the global high ground in 5G antenna feeder terminals - **Business**: Increase innovation in the 5G field, expand business growth space, and achieve diversified development - **Governance**: Improve internal control systems and enhance awareness of standardized operations[122](index=122&type=chunk)[123](index=123&type=chunk)[124](index=124&type=chunk)[125](index=125&type=chunk) - **Risks Faced**: The company reiterates potential risks including mobile communication policy changes, customer concentration, overseas market fluctuations, technology, actual controller influence, declining revenue and profit, insufficient capacity, and the COVID-19 pandemic[128](index=128&type=chunk)[129](index=129&type=chunk)[130](index=130&type=chunk)[131](index=131&type=chunk)[132](index=132&type=chunk)[136](index=136&type=chunk) [Significant Matters](index=30&type=section&id=%E7%AC%AC%E4%BA%94%E8%8A%82%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) [Profit Distribution and Capital Reserve Capitalization](index=30&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E6%99%AE%E9%80%9A%E8%82%A1%E5%88%A9%E6%B6%A6%E5%88%86%E9%85%8D%E5%8F%8A%E8%B5%84%E6%9C%AC%E5%85%AC%E7%A7%AF%E9%87%91%E8%BD%AC%E5%A2%9E%E8%82%A1%E6%9C%AC%E6%83%85%E5%86%B5) During the reporting period, the company implemented its 2018 profit distribution plan, distributing **$0.04** cash per 10 shares and capitalizing 5 shares per 10 shares from capital reserves. The 2019 profit distribution proposal is a cash dividend of **$0.02** per 10 shares, with no bonus shares or capitalization. In the past three years, the company has consistently paid cash dividends, with the 2019 cash dividend accounting for **26.80%** of net profit attributable to shareholders Cash Dividend and Ratio to Net Profit Attributable to Parent | Dividend Year | Cash Dividend Amount (Tax Incl., $) | Ratio to Net Profit Attributable to Parent | | :--- | :--- | :--- | | **2019** | 6,756,804.00 | 26.80% | | **2018** | 9,009,072.00 | 20.28% | | **2017** | 11,287,800.00 | 10.21% | [Fulfillment of Commitments](index=31&type=section&id=%E4%B8%89%E3%80%81%E6%89%BF%E8%AF%BA%E4%BA%8B%E9%A1%B9%E5%B1%A5%E8%A1%8C%E6%83%85%E5%86%B5) During the reporting period, the company and related parties normally fulfilled or completed all commitments. Specifically, the performance commitment made by the original shareholders during the acquisition of Shenzhen Guangwei Optical Communication Technology Co., Ltd. for 2017-2019 is being normally fulfilled. Commitments regarding share lock-up and share increase by the company's actual controllers and directors, supervisors, and senior management are also within their fulfillment periods - The original shareholders of Shenzhen Guangwei Optical Communication committed that its non-recurring net profit for 2017, 2018, and 2019 would not be less than **$16 million**, **$21 million**, and **$26 million** respectively. This performance guarantee commitment is being normally fulfilled during the reporting period[145](index=145&type=chunk) [Changes in Accounting Policies](index=37&type=section&id=%E5%85%AD%E3%80%81%E4%B8%8E%E4%B8%8A%E5%B9%B4%E5%BA%A6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E5%91%8A%E7%9B%B8%E6%AF%94%EF%BC%8C%E4%BC%9A%E8%AE%A1%E6%94%BF%E7%AD%96%E3%80%81%E4%BC%9A%E8%AE%A1%E4%BC%B0%E8%AE%A1%E5%92%8C%E6%A0%B8%E7%AE%97%E6%96%B9%E6%B3%95%E5%8F%91%E7%94%9F%E5%8F%98%E5%8C%96%E7%9A%84%E6%83%85%E5%86%B5%E8%AF%B4%E6%98%8E) The company adopted new financial instrument accounting standards from January 1, 2019, in accordance with the latest regulations from the Ministry of Finance, and revised its accounting policies accordingly. This change will not impact the company's total assets, liabilities, net assets, or net profit for the current period or prior periods - The company, approved by the Board of Directors on April 24, 2019, began implementing new financial instrument accounting standards from January 1, 2019, and revised its accounting policies accordingly[165](index=165&type=chunk) [Changes in Consolidation Scope](index=38&type=section&id=%E5%85%AB%E3%80%81%E4%B8%8E%E4%B8%8A%E5%B9%B4%E5%BA%A6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E5%91%8A%E7%9B%B8%E6%AF%94%EF%BC%8C%E5%90%88%E5%B9%B6%E6%8A%A5%E8%A1%A8%E8%8C%83%E5%9B%B4%E5%8F%91%E7%94%9F%E5%8F%98%E5%8C%96%E7%9A%84%E6%83%85%E5%86%B5%E8%AF%B4%E6%98%8E) During the reporting period, the company's consolidation scope changed. A new entity, Jingdezhen Jingtongyu Technology Co., Ltd. (**60%** owned), was added; the wholly-owned subsidiary Xi'an Xinghengtong Communication Technology Co., Ltd. was removed due to the sale of its **100%** equity - **New Consolidated Entity**: Jingdezhen Jingtongyu Technology Co., Ltd. (**60%** stake), included in the consolidation scope from July 2019 - **Removed Consolidated Entity**: Xi'an Xinghengtong Communication Technology Co., Ltd., no longer consolidated due to **100%** equity transfer[169](index=169&type=chunk) [Appointment and Dismissal of Accounting Firms](index=38&type=section&id=%E4%B9%9D%E3%80%81%E8%81%98%E4%BB%BB%E3%80%81%E8%A7%A3%E8%81%98%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%83%85%E5%86%B5) During the reporting period, the company changed its accounting firm from Ruihua Certified Public Accountants (Special General Partnership) to Rongcheng Certified Public Accountants (Special General Partnership), with the change having undergone the necessary approval procedures - The company, approved by the Board of Directors on December 25, 2019, changed its accounting firm from Ruihua to Rongcheng for the 2019 annual audit work[170](index=170&type=chunk) [Implementation of Equity Incentive Plan](index=39&type=section&id=%E5%8D%81%E4%BA%94%E3%80%81%E5%85%AC%E5%8F%B8%E8%82%A1%E6%9D%83%E6%BF%80%E5%8A%B1%E8%AE%A1%E5%88%92%E3%80%81%E5%91%98%E5%B7%A5%E6%8C%81%E8%82%A1%E8%AE%A1%E5%88%92%E6%88%96%E5%85%B6%E4%BB%96%E5%91%98%E5%B7%A5%E6%BF%80%E5%8A%B1%E6%8E%AA%E6%96%BD%E7%9A%84%E5%AE%9E%E6%96%BD%E6%83%85%E5%86%B5) The company launched a stock option incentive plan draft in April 2019, proposing to grant **1.063 million** restricted shares. However, due to significant changes in the context of formulating the incentive plan, the company decided to terminate this incentive plan on April 28, 2020, to protect investors' interests - The company approved the "2019 Stock Option Incentive Plan (Draft)" in April 2019, but later decided to terminate the plan in April 2020, as continuing it would not achieve the expected results[176](index=176&type=chunk)[178](index=178&type=chunk) [Significant Contracts and Their Fulfillment](index=40&type=section&id=%E5%8D%81%E4%B8%83%E3%80%81%E9%87%8D%E5%A4%A7%E5%90%88%E5%90%8C%E5%8F%8A%E5%85%B6%E5%B1%A5%E8%A1%8C%E6%83%85%E5%86%B5) During the reporting period, the company had no significant guarantees, entrusted loans, or other major contracts. The company leased part of its properties to Zhongshan Taikun Industrial Investment Co., Ltd. for a 10-year term, generating **$3.46 million** in rental income. Additionally, the company used idle raised funds and its own funds totaling **$986 million** to purchase wealth management products - The company leased part of its production base in Zhongshan for a 10-year term, recognizing **$3.46 million** in rental income in 2019, which positively impacted profit[188](index=188&type=chunk)[189](index=189&type=chunk) Entrusted Wealth Management | Entrusted Wealth Management Type | Fund Source | Amount Incurred ($10,000) | Outstanding Balance ($10,000) | | :--- | :--- | :--- | :--- | | Other | Raised Funds + Own Funds | 98,600 | 49,600 | [Explanation of Other Significant Matters](index=43&type=section&id=%E5%8D%81%E4%B9%9D%E3%80%81%E5%85%B6%E4%BB%96%E9%87%8D%E5%A4%A7%E4%BA%8B%E9%A1%B9%E7%9A%84%E8%AF%B4%E6%98%8E) This section explains the significant discrepancy between the company's full-year 2019 net profit and its performance in the first three quarters. The fourth-quarter loss was primarily due to five factors: 1) a disposal loss of **$17.78 million** from selling subsidiary Xi'an Xinghengtong; 2) a **31.09%** quarter-on-quarter decline in fourth-quarter sales revenue; 3) lower gross margins on products sold in the fourth quarter; 4) increased asset impairment provisions in the fourth quarter; and 5) a downward trend in 4G product gross margins throughout the year - The company incurred a loss of **$65.83 million** in Q4 2019, leading to a significant difference between full-year performance and the first three quarters. Key reasons include: - **Subsidiary Sale Loss**: Disposal loss of **$17.78 million** from selling Xi'an Xinghengtong equity[203](index=203&type=chunk) - **Q4 Revenue Decline**: Fourth-quarter operating revenue decreased by **31.09%** quarter-on-quarter[204](index=204&type=chunk) - **Q4 Low Gross Margin**: Fourth-quarter sales primarily involved domestic equipment vendor customers with lower gross margins[205](index=205&type=chunk) - **Q4 Impairment Increase**: Fourth-quarter asset impairment provisions increased by **$17.70 million** (excluding goodwill)[206](index=206&type=chunk) - **4G Product Price Reduction**: Domestic 4G construction entered its final phase, leading to a decrease in product unit prices and a decline in gross margins[209](index=209&type=chunk) [Share Changes and Shareholder Information](index=45&type=section&id=%E7%AC%AC%E5%85%AD%E8%8A%82%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E5%8F%8A%E8%82%A1%E4%B8%9C%E6%83%85%E5%86%B5) [Share Change Status](index=45&type=section&id=%E4%B8%80%E3%80%81%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) During the reporting period, the company's total share capital changed due to the implementation of the 2018 capital reserve capitalization plan (5 shares per 10 shares), increasing from **225.23 million** shares to **337.84 million** shares. This change resulted in a decrease in the proportion of restricted shares from **68.61%** to **49.61%**, with a corresponding increase in unrestricted shares - The company implemented its 2018 profit distribution plan in June 2019, capitalizing 5 shares per 10 shares from capital reserves, increasing total share capital from **225,226,800** shares to **337,840,200** shares[220](index=220&type=chunk) Share Capital Changes | Share Class | Quantity Before Change | Quantity After Change | Proportion After Change | | :--- | :--- | :--- | :--- | | **Restricted Shares** | 154,512,503 | 167,594,293 | 49.61% | | **Unrestricted Shares** | 70,714,297 | 170,245,907 | 50.39% | | **Total Share Capital** | 225,226,800 | 337,840,200 | 100.00% | [Shareholder and Actual Controller Information](index=46&type=section&id=%E4%B8%89%E3%80%81%E8%82%A1%E4%B8%9C%E5%92%8C%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E6%83%85%E5%86%B5) As of the end of the reporting period, the company had **27,940** common shareholders. The actual controllers, Wu Zhonglin and Shi Guiqing, as a couple, jointly held **64.47%** of the company's shares, maintaining a stable controlling position. Among the top ten shareholders, besides the actual controllers, major institutional investors included Hong Kong Securities Clearing Company Limited and E Fund Management Co., Ltd Top Shareholders | Shareholder Name | Shareholder Nature | Shareholding Ratio | Number of Shares Held | | :--- | :--- | :--- | :--- | | Wu Zhonglin | Domestic Natural Person | 38.38% | 129,661,844 | | SHI GUIQING (Shi Guiqing) | Overseas Natural Person | 26.09% | 88,131,258 | | Zhongshan Yuxing Investment Management Co., Ltd. | Domestic Non-state-owned Legal Person | 2.16% | 7,286,041 | | Hong Kong Securities Clearing Company Limited | Overseas Legal Person | 0.75% | 2,548,718 | - The company's controlling shareholders and actual controllers are Wu Zhonglin and Shi Guiqing, a married couple, who jointly hold **64.47%** of the company's shares, with no changes during the reporting period[225](index=225&type=chunk)[229](index=229&type=chunk)[233](index=233&type=chunk) [Directors, Supervisors, Senior Management, and Employees](index=52&type=section&id=%E7%AC%AC%E4%B9%9D%E8%8A%82%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E5%92%8C%E5%91%98%E5%B7%A5%E6%83%85%E5%86%B5) [Changes in Shareholdings and Remuneration of Directors, Supervisors, and Senior Management](index=52&type=section&id=%E4%B8%80%E3%80%81%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E5%92%8C%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E6%8C%81%E8%82%A1%E5%8F%98%E5%8A%A8) During the reporting period, Chairman Mr. Wu Zhonglin reduced his shareholding by **4.7171 million** shares, while other changes in shareholdings of directors, supervisors, and senior management primarily resulted from capital reserve capitalization. The total remuneration for directors, supervisors, and senior management was **$7.84 million**, with Chairman Mr. Wu Zhonglin and General Manager Ms. Shi Guiqing receiving **$1.35 million** and **$1.05 million** respectively Shareholding Changes of Directors, Supervisors, and Senior Management (Shares) | Name | Position | Shares Held at Beginning of Period (shares) | Shares Reduced This Period (shares) | Other Increases/Decreases This Period (shares) | Shares Held at End of Period (shares) | | :--- | :--- | :--- | :--- | :--- | :--- | | Wu Zhonglin | Chairman | 89,585,963 | 4,717,100 | 44,792,981 | 129,661,844 | | Shi Guiqing | Director, General Manager | 58,754,172 | 0 | 29,377,086 | 88,131,258 | Remuneration of Directors, Supervisors, and Senior Management ($10,000) | Name | Position | Total Pre-tax Remuneration from Company ($10,000) | | :--- | :--- | :--- | | Wu Zhonglin | Chairman | 135.36 | | Shi Guiqing | Director General Manager | 105.49 | | **Total** | **-** | **784.33** | [Employee Information](index=57&type=section&id=%E4%BA%94%E3%80%81%E5%85%AC%E5%8F%B8%E5%91%98%E5%B7%A5%E6%83%85%E5%86%B5) As of the end of the reporting period, the company had a total of **2,102** employees. By professional composition, production personnel accounted for the largest proportion at **1,236** people; technical personnel numbered **446**, accounting for **21.22%**. By education level, employees with college degrees or above accounted for approximately **36%**. The company has established a comprehensive remuneration policy and training system, and collaborates with universities to implement a "modern apprenticeship" program for talent development Employee Professional Composition (Persons) | Professional Composition | Number (Persons) | Education Level | Number (Persons) | | :--- | :--- | :--- | :--- | | Production Personnel | 1,236 | Postgraduate/Doctorate | 45 | | Sales Personnel | 181 | Bachelor | 358 | | Technical Personnel | 446 | College | 346 | | Financial Personnel | 32 | Below College | 1,353 | | Administrative Personnel | 49 | **Total** | **2,102** | | Other (Management) | 158 | | | | **Total** | **2,102** | | | [Corporate Governance](index=59&type=section&id=%E7%AC%AC%E5%8D%81%E8%8A%82%E5%85%AC%E5%8F%B8%E6%B2%BB%E7%90%86) [Basic Status of Corporate Governance](index=59&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E6%B2%BB%E7%90%86%E7%9A%84%E5%9F%BA%E6%9C%AC%E7%8A%B6%E5%86%B5) During the reporting period, the company operated in strict accordance with laws and regulations such as the "Company Law" and "Securities Law," and its actual corporate governance status complied with regulatory requirements without significant discrepancies. The company maintained standardization and independence in the operation of its General Meeting of Shareholders, Board of Directors, and Supervisory Board, its relationship with controlling shareholders, and information disclosure - The actual status of corporate governance complies with the normative documents on corporate governance issued by the China Securities Regulatory Commission, with no significant discrepancies[283](index=283&type=chunk) - The company maintains independence from its controlling shareholders and actual controllers in terms of business, personnel, assets, organization, and finance, possessing complete independent operating capabilities[284](index=284&type=chunk) [Operation of General Meeting of Shareholders, Board of Directors, and Supervisory Board](index=60&type=section&id=%E5%9B%9B%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%8F%AC%E5%BC%80%E7%9A%84%E5%B9%B4%E5%BA%A6%E8%82%A1%E4%B8%9C%E5%A4%A7%E4%BC%9A%E5%92%8C%E4%B8%B4%E6%97%B6%E8%82%A1%E4%B8%9C%E5%A4%A7%E4%BC%9A%E7%9A%84%E6%9C%89%E5%85%B3%E6%83%85%E5%86%B5) During the reporting period, the company held **3** General Meetings of Shareholders, **6** Board of Directors meetings, and **4** Supervisory Board meetings, with all meeting convocations, proceedings, and voting procedures complying with relevant regulations. Independent directors diligently performed their duties, expressed independent opinions on important company matters, and raised no objections. The specialized committees under the Board of Directors also effectively fulfilled their responsibilities Meeting Types and Frequencies | Meeting Type | Number of Meetings Held | | :--- | :--- | | **General Meeting of Shareholders** | 3 | | **Board of Directors** | 6 | | **Supervisory Board** | 4 | [Financial Report](index=66&type=section&id=%E7%AC%AC%E5%8D%81%E4%BA%8C%E8%8A%82%20%E8%B4%A2%E5%8A%A1%E6%8A%A5%E5%91%8A) [Audit Report](index=66&type=section&id=%E4%B8%80%E3%80%81%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A) Rongcheng Certified Public Accountants (Special General Partnership) issued a standard unqualified audit opinion on the company's 2019 financial statements. The auditors believe that the financial statements fairly present the company's financial position and operating results in all material respects. Key audit matters included revenue recognition, provision for doubtful accounts receivable, and provision for inventory impairment - **Audit Opinion**: Standard unqualified opinion[311](index=311&type=chunk) - **Audit Firm**: Rongcheng Certified Public Accountants (Special General Partnership)[311](index=311&type=chunk) - **Key Audit Matters**: 1. **Revenue Recognition**: Due to its significance as a component of the income statement and potential misstatement risks regarding authenticity and cutoff[315](index=315&type=chunk) 2. **Provision for Doubtful Accounts Receivable**: Because the estimation of expected credit losses involves significant management judgment and subjectivity[323](index=323&type=chunk)[324](index=324&type=chunk) 3. **Provision for Inventory Impairment**: Because determining the net realizable value of inventory requires significant management estimates and judgments regarding selling prices, costs, etc[326](index=326&type=chunk) [Financial Statements](index=70&type=section&id=%E4%BA%8C%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section provides the company's audited consolidated and parent company financial statements for 2019, including the balance sheet, income statement, cash flow statement, and statement of changes in owners' equity, along with detailed notes to the financial statements Consolidated Balance Sheet Summary (Unit: $) | Item | December 31, 2019 | December 31, 2018 | | :--- | :--- | :--- | | **Total Assets** | 3,142,025,386.45 | 2,855,551,982.70 | | **Total Liabilities** | 1,114,436,971.24 | 845,658,483.92 | | **Owners' Equity Attributable to Parent** | 1,957,456,897.23 | 1,942,691,068.06 | Consolidated Income Statement Summary (Unit: $) | Item | 2019 | 2018 | | :--- | :--- | :--- | | **Total Operating Revenue** | 1,637,984,252.50 | 1,264,853,046.52 | | **Total Operating Costs** | 1,568,465,897.08 | 1,225,696,337.11 | | **Total Profit** | 44,633,337.16 | 63,790,396.66 | | **Net Profit Attributable to Parent** | 25,214,174.44 | 44,424,493.27 | Consolidated Cash Flow Statement Summary (Unit: $) | Item | 2019 | 2018 | | :--- | :--- | :--- | | **Net Cash Flow from Operating Activities** | 163,015,406.99 | 21,312,731.54 | | **Net Cash Flow from Investing Activities** | -459,703,175.22 | -158,853,056.75 | | **Net Cash Flow from Financing Activities** | -23,139,508.02 | -15,010,248.73 | | **Net Increase in Cash and Cash Equivalents** | -318,055,731.64 | -148,878,758.99 |

广东通宇通讯股份有限公司 2020 年第一季度报告全文 广东通宇通讯股份有限公司 2020 年第一季度报告 2020 年 04 月 1 广东通宇通讯股份有限公司 2020 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人吴中林、主管会计工作负责人时桂清及会计机构负责人(会计主 管人员)赵世阳声明：保证季度报告中财务报表的真实、准确、完整。 2 广东通宇通讯股份有限公司 2020 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | |-----------------------------------------------------|------------------|----------|---------------------------| | □ 是 √ 否 | 本报告期 | 上年同期 | ...

Financial Performance - Operating revenue for the period reached CNY 526,406,024.32, representing a 70.82% increase year-on-year[7] - Net profit attributable to shareholders increased by 145.69% to CNY 39,973,460.57 compared to the same period last year[7] - The company reported a total net profit of CNY 91,044,334.16 for the year-to-date, a 50.71% increase compared to the same period last year[7] - Total operating revenue reached ¥526.41 million, a significant increase from ¥308.17 million in the previous period, representing a growth of 70.94%[36] - Net profit for the period was ¥41.33 million, a substantial increase from ¥20.22 million, indicating a growth of 104.67%[37] - The company reported a total comprehensive income of ¥41.67 million, compared to ¥15.32 million, representing a growth of 171.36%[38] Assets and Liabilities - Total assets increased by 13.34% to CNY 3,236,417,900.98 compared to the end of the previous year[7] - The company's total assets as of September 30, 2019, amounted to ¥2,605,518,352.52, compared to ¥2,246,301,479.62 at the end of 2018[26] - Current liabilities rose to CNY 1,084,146,036.53, compared to CNY 783,932,552.08, indicating a significant increase of about 38.4%[28] - The company reported a total liability of CNY 1,138,162,938.03, up from CNY 845,658,483.92, which is an increase of approximately 34.6%[28] - The total equity attributable to shareholders reached CNY 2,025,664,728.16, an increase from CNY 1,942,691,068.06, marking a growth of about 4.3%[29] Cash Flow - Net cash flow from operating activities surged by 310.7% to CNY 263,193,685.72[7] - The net cash flow from operating activities for the current period is ¥165,841,212.16, compared to a negative ¥61,016,637.42 in the previous period, indicating a significant improvement[54] - Total cash inflow from operating activities reached ¥1,429,732,081.44, up from ¥1,091,687,636.77 in the previous period, reflecting a growth of approximately 31%[54] - The ending balance of cash and cash equivalents increased to ¥710,586,659.04 from ¥417,741,743.87 in the previous period, marking a substantial recovery[55] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 32,843[11] - The largest shareholder, Wu Zhonglin, holds 39.33% of the shares, with 100,784,207 shares pledged[11] Expenses and Costs - Total operating costs amounted to ¥473.85 million, up from ¥285.71 million, reflecting a rise of 66.00%[36] - Research and development expenses totaled ¥29.09 million, compared to ¥24.53 million, reflecting a growth of 18.49%[36] - The company experienced a credit impairment loss of -¥3.30 million, compared to no loss in the previous period, indicating a new challenge in credit management[37] Investment and Other Income - Investment income rose by 81.28% to ¥11,315,164.33, attributed to increased returns from financial investments[16] - Non-recurring gains and losses totaled CNY 17,818,274.60 for the year-to-date[8] - Other income decreased to ¥4.15 million from ¥5.77 million, a decline of 28.29%[36] Inventory and Receivables - Accounts receivable rose by 38.95% to ¥841,882,543.66, primarily due to increased sales revenue with payments not yet received[26] - Inventory levels increased to CNY 319,862,633.75 from CNY 254,782,479.98, representing a rise of about 25.6%[31] - The company recorded a significant increase in other receivables, which rose by 108.85% to ¥68,396,107.48, linked to increased sales and corresponding deposits[26]

Financial Performance - Net profit attributable to shareholders increased by 97.16% to CNY 39,973,460.57 for the current period[9] - Operating revenue for the current period reached CNY 526,406,024.32, a growth of 70.82% year-on-year[9] - The net profit after deducting non-recurring gains and losses surged by 276.64% to CNY 34,880,247.55[9] - Basic earnings per share rose by 9.09% to CNY 0.12, while diluted earnings per share increased by 71.43% to CNY 0.12[9] - The company's operating revenue for the first three quarters of 2019 reached ¥1,332,013,182.75, a 35.05% increase compared to ¥986,289,833.37 in the same period of 2018, primarily due to aggressive market expansion[26] - Operating profit for the same period was ¥116,333,621.37, reflecting a 40.77% increase from ¥82,641,665.37 year-on-year, as expenses did not exceed the sales growth[26] - The net profit attributable to shareholders for the first three quarters was ¥91,044,334.16, a significant increase of 50.71% compared to ¥60,408,786.87 in the previous year[26] - Total operating revenue for the current period reached ¥526,406,024.32, a significant increase of 70.9% compared to ¥308,167,250.21 in the previous period[57] - Net profit for the current period was ¥41,328,119.68, representing a 70.7% increase from ¥24,228,524.86 in the previous period[60] - The total profit for the current period was ¥114,828,352.70, compared to ¥85,109,312.69 in the previous period, reflecting an increase of approximately 35%[75] Assets and Liabilities - Total assets increased by 13.34% to CNY 3,236,417,900.98 compared to the end of the previous year[9] - The company's total assets as of September 30, 2019, amounted to ¥2,605,518,352.52, compared to ¥2,246,301,479.62 at the end of 2018[37] - The company's total liabilities increased, with accounts payable rising by 41.76% to ¥588,997,771.70 from ¥415,497,651.27, reflecting increased purchases corresponding to higher sales[36] - The company's total liabilities increased to ¥1,054,396,145.58, up from ¥683,082,360.11, indicating a growth of 54.4%[56] - The company's total liabilities amounted to ¥845,658,483.92, with current liabilities at ¥783,932,552.08[106] - Total liabilities amounted to ¥845,658,483.92, with current liabilities at ¥783,932,552.08[106] - The company reported a total liability of CNY 1,138,162,938.03, up from CNY 845,658,483.92, indicating an increase of approximately 34.6%[43] Cash Flow - Cash flow from operating activities increased by 46.30% to CNY 29,669,851.89[9] - The net cash flow from operating activities was CNY 165,841,212.16, a recovery from a negative cash flow of CNY -61,016,637.42 in the previous period[90] - The cash inflow from operating activities totaled CNY 1,429,732,081.44, an increase from CNY 1,091,687,636.77 in the previous period[90] - The cash received from tax refunds was 34,349,842.51, an increase from 27,784,207.13, indicating improved tax recovery efforts[97] - The cash paid to employees increased to 182,499,379.16 from 140,150,988.01, reflecting a rise in workforce compensation[97] Shareholder Information - The total number of shareholders at the end of the reporting period was 32,843[14] - The top shareholder, Wu Zhonglin, holds 39.33% of the shares, amounting to 132,878,944 shares[14] Research and Development - Research and development expenses for the current period were ¥29,086,897.01, an increase from ¥24,746,163.39 in the previous period, marking a growth of 17.5%[57] - Research and development expenses increased to CNY 97,184,360.40, up 33.6% from CNY 72,663,687.73 in the previous period, indicating a focus on innovation[79] Other Income and Expenses - The company reported government subsidies amounting to CNY 12,190,494.83 during the period[9] - Other income for the current period was ¥12,190,494.83, compared to ¥7,328,606.84 in the previous period, representing an increase of about 66%[73] - The company recorded a tax expense of ¥20,396,214.45, slightly up from ¥20,313,879.70 in the previous period[75] - The company reported a financial expense of -¥28,091,207.23, an improvement from -¥33,421,635.02 in the previous period[73] Equity - The company's equity attributable to shareholders reached CNY 2,025,664,728.16, up from CNY 1,942,691,068.06, marking an increase of about 4.3%[46] - Total equity rose to ¥2,179,400,658.43, compared to ¥2,078,862,721.24 in the previous period, reflecting a growth of 4.9%[56]

Financial Performance - Operating revenue for the period reached CNY 526,406,024.32, a 70.82% increase year-on-year[8] - Net profit attributable to shareholders rose by 97.16% to CNY 39,973,460.57 compared to the same period last year[8] - The net profit after deducting non-recurring gains and losses increased by 276.64% to CNY 34,880,247.55[8] - Basic earnings per share rose by 9.09% to CNY 0.12, while diluted earnings per share increased by 71.43% to CNY 0.12[8] - The company reported a net profit of CNY 1,062,247,967.77 for the period, up from CNY 961,710,030.58, indicating a growth of approximately 10.5%[35] - The company's net profit attributable to shareholders increased by 50.71% to ¥91,044,334.16, driven by sales growth and controlled expense increases[17] - Net profit for the period was ¥41.33 million, a substantial increase from ¥24.23 million, marking a growth of around 70.8%[38] - The company reported a total profit of CNY 114,828,352.70 for Q3 2019, up from CNY 85,109,312.69 in Q3 2018, which is an increase of approximately 35%[47] Assets and Liabilities - Total assets increased by 13.34% to CNY 3,236,417,900.98 compared to the end of the previous year[8] - The company's total assets as of September 30, 2019, amounted to ¥2,605,518,352.52, up from ¥2,246,301,479.62 at the end of 2018[26] - Total assets increased to CNY 3,236,417,900.98 as of September 30, 2019, up from CNY 2,855,551,982.70 at the end of 2018, representing a growth of approximately 13.3%[30] - The total liabilities increased to CNY 1,138,162,938.03 from CNY 845,658,483.92, showing an increase of approximately 34.6%[29] - Current liabilities rose to CNY 1,084,146,036.53, compared to CNY 783,932,552.08 in the previous year, indicating an increase of about 38.4%[29] - Accounts receivable rose by 38.95% to ¥841,882,543.66, primarily due to increased sales revenue with payments not yet received[26] - Other receivables increased by 108.85% to ¥68,396,107.48, mainly due to increased sales leading to higher deposits and guarantees[26] Cash Flow - Cash flow from operating activities increased by 46.30% to CNY 29,669,851.89[8] - The net cash flow from operating activities was 165,841,212.16 CNY, a significant improvement compared to the previous period's negative cash flow of -61,016,637.42 CNY[55] - Total cash inflow from operating activities reached 1,429,732,081.44 CNY, up from 1,091,687,636.77 CNY in the prior period, reflecting a growth of approximately 31%[55] - Cash outflow for purchasing goods and services was 808,874,816.50 CNY, compared to 678,540,153.10 CNY in the previous period, indicating an increase of about 19%[55] - The net cash flow from investment activities was -46,118,715.66 CNY, an improvement from -488,121,637.72 CNY in the last period[56] - The ending cash and cash equivalents balance increased to 710,586,659.04 CNY from 417,741,743.87 CNY, marking a substantial rise of approximately 70%[56] Shareholder Information - The total number of shareholders at the end of the reporting period was 32,843[12] - The largest shareholder, Wu Zhonglin, holds 39.33% of the shares, with 100,784,207 shares pledged[12] Government Support - The company received government subsidies amounting to CNY 12,190,494.83 during the reporting period[9] Research and Development - Research and development expenses totaled ¥29.09 million, up from ¥24.75 million, showing an increase of about 17.5%[37] - Research and development expenses for Q3 2019 amounted to CNY 97,233,622.42, compared to CNY 81,897,790.72 in Q3 2018, marking an increase of about 19%[46] Compliance and Regulations - The report indicates a significant focus on compliance with new financial regulations, impacting asset classifications and valuations[70] - The company has not provided specific guidance for future performance in the report[72] - The company has not undergone an audit for the Q3 report, indicating that the figures are unaudited[72]

广东通宇通讯股份有限公司 2019 年半年度报告全文 广东通宇通讯股份有限公司 2019 年半年度报告 2019 年 08 月 1 广东通宇通讯股份有限公司 2019 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准确、 完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人吴中林、主管会计工作负责人黄思定及会计机构负责人(会计主管人员)赵世 阳声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 （一）移动通信政策变动风险公司的主要客户正由中国移动、中国电信、中国联通等移 动通信运营商慢慢转变为华为公司、诺基亚、中兴通讯、爱立信等通信设备集成商，以上客 户的设备采购受全球移动通信产业政策的影响，因此通信产业政策变动将会直接影响到通信 设备制造企业的经营与发展。如果全球范围内的移动通信政策发生重大变化使得移动通信运 营商和设备集成商减少投资及设备采购，势必会对公司的生产经营造成不利影响。 （二）客户较为集中的风险公司主要从事移动通信天线及射频器件产品的研发、生产、 ...