Core Insights - The performance meeting held by Guangdong Tongyu Communication Co., Ltd. on September 1, 2025, attracted participation from 83 institutions, including Southern Fund and Western Gain Fund, where executives discussed the company's business development and financial data for the first half of 2025 [1] Business and Financial Overview - In the first half of 2025, the microwave antenna business generated approximately 119 million yuan, representing a year-on-year growth of about 84%, with a gross margin of 33%, accounting for 22% of total revenue [1] - The optical module business saw a revenue increase of 98%, currently contributing 0.67% to total revenue [1] - The satellite communication business reported a revenue increase of 2.59%, reaching 26 million yuan [1] Investor Interaction Highlights - The company is optimistic about the growth of its satellite communication business, which aligns with national strategies for low-orbit broadband satellite internet, and is involved in multiple satellite constellation plans [2] - The overseas sales account for nearly half of total revenue, driven by 4G construction in Belt and Road countries and 5G network upgrades in certain nations [2] - The MACRO WIFI product is being tested in several countries and has begun small-scale deliveries, with plans to expand sales channels in Belt and Road countries [2] - The company aims to enhance its communication capabilities in remote areas and sees significant demand for its products in domestic and international markets, particularly in Southeast Asia and Australia [2] - The company plans to optimize its sales structure and views satellite communication as a second growth curve for the next five years [2] - The subsidiary Sichuan Guangwei Communication has shown stable performance with its 400G and 200G products, and is expanding into overseas markets [2] - The company is optimistic about the base station antenna market over the next 3-5 years, despite a decline in direct procurement by domestic operators [2]

Company Overview and Financial Performance - The company introduced its basic situation and business development in the first half of 2025, along with future business plans [2] - The financial data for the first half of 2025 was analyzed, showing a revenue of approximately 119 million CNY for microwave antennas, with a year-on-year growth of about 84% [4] - Satellite communication revenue reached 26 million CNY, with a year-on-year increase of 2.59% [4] Business Growth and Strategic Focus - The company is optimistic about the future growth of its satellite communication business, aiming to establish it as a second growth curve alongside existing products [3] - The overseas sales ratio has approached 50% of total revenue, driven by 4G and 5G network upgrades in countries along the Belt and Road [3] - The company plans to enhance its sales strategies in Southeast Asia, the Middle East, and Africa, focusing on expanding its MACRO WIFI product sales channels [3] Product Development and Market Expansion - The company has developed specialized antennas for unique scenarios, such as high-speed rail and remote areas, addressing communication needs in underserved regions [4] - The company is actively participating in satellite communication applications and has established a solid presence in both domestic and international markets [4] - The company is also expanding its product lines in collaboration with Sichuan Guangwei Communication, focusing on high-demand areas like data centers and cloud computing [5] Future Outlook and Market Positioning - The company plans to maintain its focus on the base station antenna market over the next 3-5 years, despite a decline in domestic direct procurement [6] - It aims to leverage international market growth from 4G and 5G investments, enhancing its competitive edge through new product launches [6] - The company is committed to optimizing its business structure, with microwave antennas as the core and satellite communication as a key growth area for the next five years [4]

Financial Performance - The company's total revenue for the first half of 2025 was 533 million yuan, a decrease of 2.55% year-on-year [1] - The net profit attributable to shareholders was 21.786 million yuan, down 8.9% year-on-year [1] - In Q2 2025, total revenue was 282 million yuan, a decline of 9.12% year-on-year, and net profit was 10.604 million yuan, down 44.24% year-on-year [1] - The gross margin was 24.08%, a decrease of 1.47% year-on-year, while the net margin was 4.1%, down 6.39% year-on-year [1] - The company's receivables accounted for 1292.09% of the latest annual net profit, indicating a significant amount of accounts receivable [1][4] Cash Flow and Financial Ratios - The operating cash flow per share was -0.03 yuan, an increase of 78.52% year-on-year [1] - The company experienced a 66.17% decrease in financial expenses due to foreign exchange fluctuations and large certificate of deposit income [3] - The net cash flow from operating activities increased significantly, while cash flow from investment activities decreased by 93.8% due to increased cash outflows for investment activities [3] Business Operations and Market Position - The company has established a comprehensive product layout in the satellite communication field, covering ground stations, satellite communication payloads, and terminal applications [5] - In 2024, the satellite communication business generated over 40 million yuan in revenue, with ground station products achieving small batch deliveries [5] - The company has successfully secured new projects, enhancing its market position, and is expected to maintain a competitive advantage in the satellite communication sector over the next three years [5]

格隆汇8月29日丨通宇通讯(002792.SZ)公布2025年半年度报告，上半年公司实现营业收入5.33亿元，同 比下降2.55%；归属于上市公司股东的净利润2178.60万元，同比下降8.90%；归属于上市公司股东的扣 除非经常性损益的净利润496.68万元，同比下降69.15%；基本每股收益0.0417元。 ...

Core Viewpoint - Tongyu Communication reported a decline in revenue and net profit for the first half of 2025, indicating challenges in the communication equipment sector despite overall industry growth [2][3]. Financial Performance - Revenue for H1 2025 was 532,724,205.61 CNY, a decrease of 2.55% compared to 546,654,764.30 CNY in the same period last year [3]. - Net profit attributable to shareholders was 21,786,044.75 CNY, down 8.9% from 23,914,511.12 CNY year-on-year [3]. - Net profit after deducting non-recurring gains and losses was 4,966,807.09 CNY, a significant drop of 69.15% from 16,098,822.09 CNY in the previous year [3]. - Basic and diluted earnings per share were both 0.0417 CNY, reflecting an 8.95% decrease from 0.0458 CNY [3]. - Total assets at the end of H1 2025 were 3,465,046,288.9 CNY, a slight decrease of 0.75% from 3,491,104,993.63 CNY at the end of the previous year [3]. - Net assets attributable to shareholders increased by 1.3% to 2,788,811,241.1 CNY from 2,753,093,218.92 CNY [3]. Industry Context - The communication equipment industry in China continued to show steady growth, with the total number of 5G base stations reaching 4.549 million, an increase of 298,000 from the end of the previous year, accounting for 35.7% of all mobile base stations [2]. - The number of 5G mobile phone users reached 1.118 billion, with a net increase of 104 million, representing 61.8% of all mobile phone users [2]. - The demand for base station equipment, antennas, and RF devices is being optimized as operators transition from broad coverage to deep coverage and refined operations, with a growing share of high-tech products like Massive MIMO antennas [2]. Strategic Initiatives - The company focuses on the communication antenna and RF device sector, which is expected to receive continued support from industrial policies, including tax and R&D incentives [4]. - Tongyu Communication is seizing opportunities in the satellite internet sector, establishing a comprehensive "star-ground-end" industrial chain in satellite communication, covering ground station terminals, satellite communication payloads, and terminal applications [4]. - The company has achieved small-scale applications of spaceborne phased array antennas in low-Earth orbit satellites and stable delivery of ground station products, reinforcing its market position [4]. - Revenue from satellite communication business is projected to exceed 40 million CNY in 2024, with continued growth expected in 2025 as national satellite constellation networking accelerates [4]. - Innovative products like Macro WiFi have been commercially deployed in Southeast Asia and Russia, expanding the company's market presence [4].

Core Insights - Tongyu Communication reported a stable performance in the first half of 2025, achieving revenue of 533 million yuan and a net profit of 21.78 million yuan, driven by steady growth in traditional business and strong expansion in overseas markets [2] - The company has made significant advancements in satellite communication, launching a ground station and satellite communication payload antenna products, contributing to a revenue of 26.08 million yuan in this segment [5][6] Group 1: Financial Performance - In Q2 2025, Tongyu Communication achieved revenue of 282 million yuan and a net profit of 10.60 million yuan [2] - For the first half of 2025, the company’s revenue from base station antennas and RF devices was 372 million yuan, accounting for 71.14% of total revenue [3] - The overseas revenue reached 266 million yuan, a year-on-year increase of 47.77%, representing 49.93% of total revenue [3] Group 2: Product Development and Innovation - The company invested 44.98 million yuan in R&D for base station antenna technology, becoming the first globally to achieve mass commercialization of AFU antennas [3] - In the microwave antenna sector, Tongyu Communication's products generated 119 million yuan in revenue, marking a significant year-on-year growth of 84.36% [3] - The company has developed a high-gain narrow beam antenna for high-speed rail, securing a procurement project worth 157 million yuan [7] Group 3: Market Expansion - Tongyu Communication's products are certified by major integrators like Ericsson, Nokia, and Samsung, and are sold in over 70 countries [4] - The company has established a strong presence in overseas markets, particularly in the Middle East, Southeast Asia, and Europe, enhancing its market share [4] - The MacroWiFi product has been deployed in Southeast Asia and is expanding into Russia, the Middle East, and Africa, showcasing strong international growth potential [7] Group 4: Strategic Initiatives - The company is focusing on satellite communication as a strategic business area, integrating low Earth orbit (LEO) and geostationary orbit (GEO) satellite technologies [5][6] - Tongyu Communication has formed partnerships and joint ventures to enhance its satellite communication capabilities and industry collaboration [6] - The company is actively participating in major satellite constellation projects in China, solidifying its strategic positioning in the satellite communication industry [6]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002792 证券简称：通宇通讯公告编号：2025-048 一、重要提示 本半年度报告摘要来自半年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规划，投 资者应当到证监会指定媒体仔细阅读半年度报告全文。 所有董事均已出席了审议本报告的董事会会议。 非标准审计意见提示 □适用 √不适用 董事会审议的报告期利润分配预案或公积金转增股本预案 公司计划不派发现金红利，不送红股，不以公积金转增股本。 董事会决议通过的本报告期优先股利润分配预案 □适用 √不适用 公司是否需追溯调整或重述以前年度会计数据 □是 √否 ■ 3、公司股东数量及持股情况 单位：股 □适用 √不适用 ■ 持股5%以上股东、前10名股东及前10名无限售流通股股东参与转融通业务出借股份情况 □适用 √不适用 前10名股东及前10名无限售流通股股东因转融通出借/归还原因导致较上期发生变化 □适用 √不适用 4、控股股东或实际控制人变更情况 控股股东报告期内变更 二、公司基本情况 1、公司简介 ■ 2、主要会计数据和财务指标 □适用 √不适用 公司报告期控股股东未发生变更。 实际控制 ...

Group 1 - The company Guangdong Tongyu Communication Co., Ltd. has decided to cancel its supervisory board and amend its articles of association [1][2] - The supervisory board's responsibilities will be transferred to the audit committee of the board of directors, and the rules governing the supervisory board will be abolished [2] - The amendments to the articles of association require approval from the shareholders' meeting, and the board of directors will seek authorization to handle the necessary business registration changes [3] Group 2 - The company will revise several governance documents, including the rules for shareholders' meetings, board meetings, and independent directors' work systems, in accordance with relevant laws and regulations [4] - The proposed revisions to these governance documents have been approved by the board of directors but still require approval from the shareholders' meeting [4]

广东通宇通讯股份有限公司 独立董事工作制度 广东通宇通讯股份有限公司 独立董事工作制度 第一章 总则 第一条 广东通宇通讯股份有限公司（以下简称 "公司"） 为进一步完善公司 治理制度，充分发挥独立董事在公司治理中的作用，促进公司独立董事尽责履职，根 据《中华人民共和国公司法》、《中华人民共和国证券法》、《上市公司独立董事管 理办法》、《深圳证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运 作》和《公司章程》等有关规定，结合公司的实际情况，特制定本制度。 第二条 独立董事是指不在公司担任除董事外的任何其他职务，并与公司及其主 要股东、实际控制人不存在直接或者间接利害关系，或者其他可能影响其进行独立客 观判断关系的董事。 3、具备上市公司运作的基本知识，熟悉相关法律法规和规则； 第三条 独立董事对公司及全体股东负有忠实与勤勉义务，应当按照法律、行政 法规、中国证券监督管理委员会规定、深圳证券交易所业务规则和《公司章程》的规 定，认真履行职责，在董事会中发挥参与决策、监督制衡、专业咨询作用，维护公司 整体利益，保护中小股东合法权益。 第二章 独立董事的任职条件及独立性 第四条 担任独立董事应当符合下 ...

广东通宇通讯股份有限公司 股东会议事规则 广东通宇通讯股份有限公司 股东会议事规则 第一章 总 则 第一条 为进一步明确广东通宇通讯股份有限公司（以下简称"公司"） 股东会的职责权限，规范其运作程序，充分发挥股东会的作用，根据《中华人民 共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以 下简称"《证券法》"）、《广东通宇通讯股份有限公司章程》（以下简称"《公 司章程》"），参照《上市公司股东会规则》（以下简称"《股东会规则》"）， 以及有关法律、行政法规以及规章的规定，结合公司实际情况，制定本规则。 第二条 公司应当严格按照法律、行政法规、本规则及公司章程的相关规定 召开股东会，保证股东能够依法行使权利。 公司董事会应当切实履行职责，认真、按时组织股东会。公司全体董事应当 勤勉尽责，确保股东会正常召开和依法行使职权。 第三条 股东会应当在《公司法》和公司章程规定的范围内行使职权。 第四条 股东会分为年度股东会和临时股东会。年度股东会每年召开一次， 应当于上一会计年度结束后的 6 个月内举行。临时股东会不定期召开，出现《公 司法》第一百一十三条规定的应当召开临时股东会的情形时，临时股东会应 ...