证券代码：002829 证券简称：星网宇达 北京星网宇达科技股份有限公司投资者关系活动记录表 编号：2017-002 | --- | --- | --- | --- | |-------------------------|-------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------| | | | | | | 投资者关系活动 | | 特定对象调研 □分析师会议 | | | 类别 | □媒体采访 □业绩说明会 | | | | | □ 新闻发布会 □路演活动 | | | | | □现场参观 | | | | | □ | 其他 （请文字说明其他活动内容） | | | 参与单位名称及 人员姓名 | 杨泽原 中信证券 王鹏 泰达宏利 栾超 中邮 ...

证券代码：002829 证券简称：星网宇达 北京星网宇达科技股份有限公司投资者关系活动记录表 编号：2017-003 | --- | --- | --- | |----------------|-------------------|------------------------------------------------------------| | | | | | 投资者关系活动 | | 特定对象调研 □分析师会议 | | 类别 | | □媒体采访 □业绩说明会 | | | □ | 新闻发布会 □路演活动 | | | □现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | | 华创证券 | 姚婕 | | 参与单位名称及 | 华创证券 | 周佳莹 | | | 平安资管 | 邢开允 | | 人员姓名 | 嘉实基金 | 张宇驰 | | | 中欧基金 | 于浩成 | | | 国都基金 | 张晓磊 | | | | | | | 泓德基金 | 刘力思 | | | 东方证券 | 江舟 | | | | | | | | | | | 新华基金 | 付伟 | | | 华泰证券 | 盛贤 | | | 中 ...

Group 1: Company Overview - The company focuses on "inertial technology-centered, leading the development of intelligent unmanned equipment," forming three business segments: information perception, satellite communication, and unmanned systems [2]. - Information perception includes radar, optoelectronics, and integrated navigation; satellite communication covers vehicle-mounted, ship-mounted, and portable workstations; unmanned systems consist of drones and unmanned vehicles [2]. Group 2: Financial and Investment Insights - The termination of the equity transfer agreement with Tongfang Investment was due to the inability to sign a formal agreement within the stipulated time [3]. - The company plans to develop financing strategies as needed, following the termination of the private placement [3]. Group 3: Project Developments - The unmanned vehicle project has achieved significant results, winning first place in a military competition and forming a strategic partnership with China Shipbuilding Industry Corporation [3]. - The unmanned ship project has completed prototype development and is preparing for upcoming bids [3]. Group 4: Revenue and Growth Projections - The company expects a revenue growth of over 30% for drone sales this year, focusing on high-end drone series to enhance profitability [3]. - The company provided approximately 3,000 inertial navigation products to Baidu and Meituan, with prices ranging from tens of thousands to thousands of yuan, but stable profit margins are yet to be established [3]. Group 5: Research and Development - R&D expenses account for 13.11% of annual revenue, with expectations of a decrease in this ratio as products mature [4]. - The company holds over 300 patents and has received multiple awards for technological advancements [5]. Group 6: Market Position and Future Outlook - The company believes its current stock price is unsatisfactory and aims to enhance its core competitiveness to achieve a market value that reflects its performance [5].

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 207,759,695.96, representing a 58.18% increase compared to CNY 131,347,356.48 in the same period last year[17]. - The net profit attributable to shareholders was CNY 30,647,484.81, a significant increase of 1,689.80% from CNY 1,712,338.74 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was CNY 23,837,948.07, compared to a loss of CNY 775,603.29 in the same period last year, marking a growth of 3,173.47%[17]. - The basic earnings per share rose to CNY 0.20, up 1,900.00% from CNY 0.01 in the previous year[17]. - The company reported a significant revenue increase of 1,372.15% in the Southwest region, amounting to ¥33,012,476.94[50]. - The company reported a net profit forecast for the first three quarters of 2020 to be between 65 million and 78 million RMB, representing an increase of over 50% year-on-year[79]. - Basic earnings per share are expected to be between 0.41 and 0.5 RMB, indicating a growth of 1,266.67% to 1,566.67% compared to the previous year[79]. - The company reported a comprehensive income total of CNY 53,743,956.45 for the first half of 2020, compared to a loss of CNY 2,477,815.72 in the previous year[171]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,540,018,037.37, an increase of 3.88% from CNY 1,482,431,754.25 at the end of the previous year[17]. - The total liabilities of the company as of the end of the first half of 2020 were CNY 376,781,096.07, compared to CNY 334,333,055.09 at the end of the first half of 2019[170]. - The company's equity increased to CNY 1,024,059,025.74 from CNY 968,237,069.29, representing a growth of approximately 5.8%[163]. - The company's cash and cash equivalents decreased to CNY 73,025,285.61 from CNY 82,562,321.28, a decline of approximately 11.4%[160]. - The company's long-term borrowings decreased to ¥99,992,900.00, down from ¥115,013,500.00, reflecting a reduction of 0.53% in total liabilities[55]. Research and Development - The company invested 30.02 million yuan in R&D, representing a 16.70% increase, driven by market demand[46]. - Research and development expenses increased to CNY 30,017,407.66 in the first half of 2020, up from CNY 25,720,763.36 in the first half of 2019, reflecting a focus on innovation[168]. - The company has initiated research and development for new technologies to drive future growth and innovation[191]. Strategic Focus and Business Segments - The company plans to focus on the development of intelligent unmanned systems, integrating its strengths in inertial navigation and information perception technologies[24]. - The company is strategically focusing on three main business segments: information perception, satellite communication, and unmanned systems[24]. - The company has adjusted its strategy to focus on "inertial technology" and the development of intelligent unmanned equipment[42]. - The company has developed multiple standard products in combination navigation, enhancing its product line to meet diverse industry needs, with applications in drones, unmanned vehicles, and smart agriculture[27]. Market and Competitive Position - The company has a strong market channel advantage, focusing on national major projects, military training, and civil markets, ensuring customer loyalty and high entry barriers[37]. - The company is facing risks related to intensified market competition and is focusing on technology development and customer demand to enhance competitiveness[80]. - The company plans to maintain a stable core technology team through competitive compensation and stock incentive plans[82]. Cash Flow and Investments - The company reported a net cash flow from operating activities of CNY -2,135,313.22, showing a 91.75% improvement from CNY -25,890,253.14 in the previous year[17]. - The company has invested CNY 150 million in bank financial products sourced from raised funds, with no overdue amounts[120]. - The company received 39,000,000.00 CNY in borrowings during the period, indicating a reliance on external financing[182]. Shareholder and Equity Information - The total number of ordinary shareholders at the end of the reporting period was 16,166, with a significant shareholder, Chi Jia Sheng, holding 28.56% of the shares, amounting to 44,830,640 shares[140]. - The company has not sold any major assets or equity during the reporting period[75][76]. - The company has not engaged in any related party transactions during the reporting period[105]. Compliance and Governance - The half-year financial report has not been audited[90]. - The company reported no significant litigation or arbitration matters during the reporting period[92]. - The company and its controlling shareholders maintained a good integrity status, with no unfulfilled court judgments or significant overdue debts[94].

Financial Performance - The company's operating revenue for the first half of 2018 was ¥174,870,531.43, representing a 60.43% increase compared to ¥108,999,306.49 in the same period last year[19]. - The net profit attributable to shareholders decreased by 39.35% to ¥11,716,735.57 from ¥19,318,453.27 in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 55.16% to ¥7,941,099.57 compared to ¥17,707,896.35 in the same period last year[19]. - Basic and diluted earnings per share decreased by 33.33% to ¥0.08 from ¥0.12 in the same period last year[19]. - The weighted average return on net assets was 1.44%, down from 2.38% in the previous year, a decrease of 0.94%[19]. - The net cash flow from operating activities improved by 36.74%, reaching -¥59,696,084.97, compared to -¥94,359,209.67 in the previous year[19]. - The company achieved an operating revenue of ¥174,870,531.43, representing a 60.43% increase compared to the same period last year[46]. - The net profit attributable to shareholders decreased by 39.35% to ¥11,716,735.57, influenced by rising costs and increased personnel expenses[46]. - The gross margin for the military segment improved to 54.56%, up by 5.26% from the previous year, while the civilian segment's gross margin decreased to 43.95%, down by 3.99%[59]. - The company reported a significant decrease in notes receivable, dropping to ¥34,726,442.50 from ¥71,019,827.53, a decline of about 51%[154]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,642,939,624.58, a decrease of 1.30% from ¥1,664,518,343.29 at the end of the previous year[19]. - The net assets attributable to shareholders increased by 8.46% to ¥847,016,305.67 from ¥780,921,979.35 at the end of the previous year[19]. - The total amount of restricted assets was ¥386,771,521.46, primarily due to collateral for loans and equity pledges[63]. - Current liabilities totaled CNY 441,392,784.22, down from CNY 540,576,386.65, indicating a reduction of approximately 18.3%[156]. - Non-current liabilities increased to CNY 243,808,423.82 from CNY 228,288,073.45, reflecting a rise of about 6.8%[156]. - Total equity rose to CNY 957,738,416.54 from CNY 895,653,883.19, marking an increase of approximately 6.9%[157]. Research and Development - Research and development expenses amounted to ¥23,998,756.08, representing 13.72% of total revenue and a significant increase of 71.63% from ¥13,983,170.15 in the previous year[55]. - The company emphasizes the importance of continuous investment in R&D for new products and technologies to maintain its competitive edge in a rapidly evolving market[92]. - The company has established a robust quality management system, ensuring high product quality and timely delivery, which has garnered positive market feedback[40]. Strategic Focus and Market Position - The company’s strategic focus on "inertial technology leading the intelligent world" aligns with the booming unmanned intelligent industry, enhancing its competitive edge[35]. - The company is actively developing military-grade inertial navigation systems and has successfully completed several military communication support tasks[47]. - The company is focusing on military products, aligning with the national defense modernization and unmanned systems development trends[47]. - The company has actively participated in national military-civilian integration initiatives, winning multiple military equipment project bids[32]. - The company is expanding its operations by establishing offices in cities like Chengdu, Wuhan, and Nanjing to address production challenges due to policy changes in Beijing[93]. Shareholder and Equity Information - The company completed the repurchase and cancellation of 21,200 restricted stocks, reducing the total share capital from 16,167,000 shares to 16,022,380 shares[108]. - A total of 2,685,040 restricted stocks were unlocked, accounting for 1.6758% of the company's total share capital, and these stocks were listed for circulation on June 6, 2018[108]. - The total number of shares decreased from 161,670,000 to 160,223,800, a reduction of 1,446,200 shares due to the repurchase and cancellation of restricted stock[130]. - The largest shareholder, Chi Jiasheng, holds 27.50% of the shares, totaling 44,069,140 shares, with a pledge of 7,420,000 shares[138]. Risks and Challenges - The company faces management risks due to rapid expansion, necessitating improvements in strategic planning and internal controls[89]. - There is a risk of core technical personnel loss, which could lead to technology leakage; the company is implementing measures to retain talent[90]. - Increased market competition poses a risk; the company is focusing on continuous innovation and market expansion to maintain its competitive edge[91]. - The company faces risks related to fluctuations in raw material prices, particularly for electronic components and optical devices, which may impact profitability if costs rise and cannot be passed on to customers[93]. Cash Flow and Investment Activities - The net cash flow from operating activities was -59,696,084.97 CNY, an improvement from -94,359,209.67 CNY in the previous period[172]. - Cash inflow from investment activities was 628,538,062.13 CNY, significantly higher than 3,117,708.92 CNY in the previous period[173]. - The company reported a net increase in cash and cash equivalents of -39,353,374.64 CNY, a decrease from -224,822,223.96 CNY in the previous period[173]. Corporate Governance and Compliance - The company has established a governance structure that includes a board of directors and various committees, ensuring effective oversight and strategic direction[192]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring transparency and accuracy in its financial reporting[198].

Financial Performance - The company's operating revenue for the first half of 2017 was ¥108,999,306.49, representing a 13.94% increase compared to ¥95,664,826.28 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was ¥19,318,453.27, up 7.68% from ¥17,939,795.70 year-on-year[20]. - Basic earnings per share decreased by 61.29% to ¥0.12 from ¥0.31 in the same period last year[20]. - The company reported a significant decrease in performance, with a net profit margin of -90.1% during the reporting period[64]. - The total comprehensive income for the first half of 2017 was ¥19,871,534.83, compared to ¥17,862,050.17 in the same period last year[173]. - The company reported a profit distribution of 0.00 yuan to shareholders, indicating no dividends were declared for this period[187]. Cash Flow and Investments - The net cash flow from operating activities was -¥94,359,209.67, a significant decrease of 485.82% compared to ¥24,456,779.89 in the previous year[20]. - Cash flow from operating activities decreased significantly, with a net cash flow of -94.36 million yuan, indicating challenges in cash generation from sales[53]. - The net cash flow from investing activities was -251,161,906.88 CNY, compared to -27,664,640.36 CNY in the previous period, indicating increased investment outflows[180]. - The total amount of raised funds is CNY 308.45 million, with a net amount after expenses of CNY 308.45 million[71]. - The company reported a significant increase in other payables, which surged to ¥155,132,190.94 from ¥714,982.20, marking a substantial rise[164]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,000,414,225.09, an increase of 14.09% from ¥876,890,747.79 at the end of the previous year[20]. - Total liabilities rose to ¥278,350,285.90, an increase of 65.8% from ¥167,833,081.76[164]. - Owner's equity totaled ¥722,063,939.19, slightly up from ¥709,057,666.03, indicating a marginal increase of 1.4%[165]. - The company's cash and cash equivalents decreased by 28.07% to ¥171,638,817, down from ¥396,623,911 at the end of the previous year[58]. Revenue Segmentation - The military industry revenue decreased by 15.06% to ¥28,825,205.28, while the civil industry revenue increased by 29.88% to ¥80,174,101.21[54]. - The navigation product line experienced a revenue increase of 21.77% to ¥26,828,744.32, with a gross profit margin of 46.73%[56]. - The company reported stable growth in revenue from inertial navigation products, benefiting from rapid industry demand and innovative products[29]. Research and Development - Research and development expenses amounted to 13.98 million yuan, representing 12.83% of operating revenue, with a year-on-year increase of 21.75%[50]. - The company aims to increase investment in foundational and forward-looking technology R&D to align with market demands[87]. - The company has made significant investments in new business areas such as optical stabilization, infrared detection, drones, and radar, with orders exceeding 10 million yuan in these sectors[32]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares[7]. - The company is actively seeking both internal and external development opportunities, including mergers and acquisitions to enhance its industry chain[33]. - The company has established a "customization + industrialization" business model to meet the diverse needs of military and professional users[33]. Market Position and Competition - The company anticipates intensified market competition in both professional and civilian sectors, particularly in aerospace and navigation[85]. - The inertial technology application industry is supported by national policies, with a broad development prospect in various fields such as autonomous driving and smart manufacturing[36]. - The company has established a strong customer base in both military and civilian markets, enhancing customer loyalty and dependency on its services[42]. Legal Matters - There is an ongoing lawsuit regarding patent infringement, with the court ruling in favor of the company, maintaining the original judgment[99]. - The company received a court summons from the Beijing High People's Court regarding a patent invalidation case, with a hearing scheduled for June 22, 2017[104]. - The company successfully defended against a patent infringement lawsuit, with the Beijing Intellectual Property Court ruling in favor of the company on November 20, 2015[103]. Shareholder Information - The total number of ordinary shareholders was 12,704, with major shareholders holding significant stakes: 27.15% by Chi Jiasheng and 25.34% by Li Guosheng[145]. - The company’s total share capital after the stock distribution and incentive plan was 160,180,000 shares, with 84,180,000 shares being limited sale shares[132]. - The company appointed Xu Yefeng as the new general manager in January 2017[155].