[Item I Important Notice, Table of Contents and Definitions](index=2&type=section&id=Item%20I%20Important%20Notice%2C%20Table%20of%20Contents%20and%20Definitions) This section provides crucial disclaimers, defines key terms used throughout the report, and outlines the report's structure [Important Notice](index=2&type=section&id=Important%20Notice) The company's board of directors, supervisory board, and senior management guarantee the annual report's truthfulness, accuracy, and completeness, with no false records, misleading statements, or major omissions - The company's board of directors and senior management guarantee the truthfulness, accuracy, and completeness of the report content[4](index=4&type=chunk) - The company's 2018 profit distribution plan is to not distribute cash dividends, bonus shares, or convert capital reserves into share capital[6](index=6&type=chunk) [Definitions](index=4&type=section&id=Definitions) This chapter defines key company entities, related parties, regulatory bodies, and professional terms used in the report, providing a foundation for understanding its content - The reporting period is defined as January 1, 2018, to December 31, 2018[12](index=12&type=chunk) [Item II Company Profile and Key Financial Indicators](index=6&type=section&id=Item%20II%20Company%20Profile%20and%20Key%20Financial%20Indicators) This section provides the company's fundamental information and presents a comprehensive overview of its key accounting data and financial performance [Company Basic Information](index=6&type=section&id=Company%20Information) This chapter provides the company's basic business registration details, including stock name 'Star-Net Yu Da', code '002829', legal representative, and registered and office addresses, noting no changes in main business or controlling shareholder during the reporting period Company Basic Information | Item | Information | | :--- | :--- | | **Stock Abbreviation** | Star-Net Yu Da | | **Stock Code** | 002829 | | **Listing Exchange** | Shenzhen Stock Exchange | | **Legal Representative** | Chi Jiasheng | | **Change in Main Business** | No Change | | **Change in Controlling Shareholder** | No Change | [Key Accounting Data and Financial Indicators](index=7&type=section&id=Key%20Accounting%20Data%20and%20Financial%20Indicators) In 2018, the company reported **CNY 402.32 million** in operating revenue, a 1.77% decrease, and **CNY 18.51 million** in net profit attributable to the parent, a 70.49% decline, while operating cash flow improved to **CNY -50.85 million** Key Financial Indicators for 2018 | Indicator | 2018 | 2017 | Year-on-Year Change | | :--- | :--- | :--- | :--- | | **Operating Revenue (CNY)** | 402,320,357.43 | 409,570,543.07 | -1.77% | | **Net Profit Attributable to Parent (CNY)** | 18,513,070.63 | 62,743,467.94 | -70.49% | | **Non-recurring Net Profit Attributable to Parent (CNY)** | 2,947,904.54 | 46,352,500.60 | -93.64% | | **Net Cash Flow from Operating Activities (CNY)** | -50,854,382.65 | -55,369,295.51 | 8.15% | | **Basic Earnings Per Share (CNY/share)** | 0.12 | 0.41 | -70.73% | | **Weighted Average Return on Net Assets** | 2.26% | 8.42% | -6.16% | | **Total Assets (CNY)** | 1,638,875,647.09 | 1,664,518,343.29 | -1.54% | | **Net Assets Attributable to Parent (CNY)** | 852,224,276.48 | 780,921,979.35 | 9.13% | - The company's total non-recurring gains and losses amounted to **CNY 15.56 million**, primarily from government subsidies of **CNY 20.63 million**[25](index=25&type=chunk)[26](index=26&type=chunk) [Item III Business Overview](index=10&type=section&id=Item%20III%20Business%20Overview) This section details the company's core businesses, operational models, and strategic positioning within the high-tech and defense-civil fusion industries [I. Main Businesses During the Reporting Period](index=10&type=section&id=I.%20Main%20Businesses%20During%20the%20Reporting%20Period) The company focuses on inertial technology development and industrial application, with core businesses in information sensing, data communication, and unmanned platforms, forming four product lines: navigation, measurement, stabilization, and marine engineering equipment - The company's core technology is inertial technology, forming three major business segments: information sensing, data communication, and unmanned platforms[29](index=29&type=chunk) - During the reporting period, the company achieved breakthroughs in navigation business, securing over **CNY 30 million** in order intentions for high-precision fiber optic inertial navigation systems and becoming a key member of Baidu's "Apollo" autonomous driving ecosystem[32](index=32&type=chunk) - The company operates in high-tech and strategic emerging industries encouraged by the state, with defense-civil fusion elevated to a national strategy, providing broad development space[40](index=40&type=chunk)[41](index=41&type=chunk) [III. Core Competitiveness Analysis](index=12&type=section&id=III.%20Core%20Competitiveness%20Analysis) The company's core competitiveness spans strategic layout, product technology, market channels, talent, brand, and qualifications, enabling a full industry chain from inertial devices to intelligent unmanned systems - The company has formed a complete product spectrum from devices and components to systems, covering multiple links of the intelligent industry chain, and is widely applied in intelligent driving and intelligent security[44](index=44&type=chunk)[47](index=47&type=chunk) - The company secured first place in the F2 group of the Army's "Leap Over Obstacles 2018" unmanned system challenge, demonstrating its system-level product development capabilities in unmanned vehicles[45](index=45&type=chunk)[48](index=48&type=chunk) - The company possesses all four military qualifications, including military product quality system certification and confidentiality qualifications for weapons and equipment research and production units, forming significant market entry barriers[55](index=55&type=chunk) [Item IV Management Discussion and Analysis](index=15&type=section&id=Item%20IV%20Management%20Discussion%20and%20Analysis) This section provides an overview of the company's operational performance, detailed analysis of its main business segments, investment activities, and future development outlook [I. Overview](index=15&type=section&id=I.%20Overview) In 2018, the company's operating revenue was **CNY 402 million**, a 1.77% decrease year-on-year, and net profit attributable to the parent company significantly declined by 70.49% to **CNY 18.51 million**, primarily due to market competition, price reductions, and policy changes affecting traditional businesses, alongside substantial R&D and new business investments 2018 Traditional Business Sales Change | Product Category | 2018 Sales (CNY 10,000) | Year-on-Year vs 2017 | | :--- | :--- | :--- | | **Navigation Products** | 7,652.12 | -19.71% | | **Measurement Products** | 2,703.42 | -50.60% | | **Stabilization Products** | 7,854.17 | -41.37% | - Emerging businesses (optoelectronic detection, radar, infrared detection, UAVs, etc.) achieved an output value of **CNY 40.22 million**, a 42.14% year-on-year increase, demonstrating strong growth momentum[66](index=66&type=chunk) - The company made new progress in its unmanned intelligent industry layout, strategically entering the unmanned combat vehicle business, winning the "Leap Over Obstacles" unmanned system challenge, and qualifying for key equipment model tenders[69](index=69&type=chunk) [II. Main Business Analysis](index=17&type=section&id=II.%20Main%20Business%20Analysis) In 2018, the company's main business revenue composition significantly shifted, with marine engineering equipment revenue surging by 147.13% to become the largest revenue source, while traditional navigation, measurement, and stabilization product revenues declined substantially 2018 Operating Revenue Composition (by Product) | Product Category | Operating Revenue (CNY) | Proportion of Total Revenue | Year-on-Year Change | | :--- | :--- | :--- | :--- | | **Marine Engineering Equipment** | 152,285,913.99 | 37.85% | 147.13% | | **Stabilization Products** | 78,541,702.57 | 19.52% | -41.37% | | **Navigation Products** | 76,521,226.56 | 19.02% | -19.71% | | **Measurement Products** | 27,034,232.85 | 6.72% | -50.60% | 2018 Period Expenses | Expense Item | 2018 Amount (CNY) | 2017 Amount (CNY) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | **Selling Expenses** | 26,573,939.06 | 15,448,156.00 | 72.02% | | **Administrative Expenses** | 71,341,618.75 | 65,052,435.79 | 9.67% | | **Financial Expenses** | 5,820,075.19 | -2,589,830.32 | 324.73% | | **Research and Development Expenses** | 66,366,336.70 | 42,147,410.30 | 57.46% | - Sales to the company's top five customers accounted for **36.90%** of total annual sales, indicating a relatively high customer concentration[86](index=86&type=chunk) [V. Investment Status Analysis](index=23&type=section&id=V.%20Investment%20Status%20Analysis) During the reporting period, the company made significant equity investments, contributing **CNY 156 million** as a limited partner to establish Beijing Xinghua Zhilian Investment Fund, primarily for industrial mergers and acquisitions in intelligent unmanned systems and high-end sensors - The company invested **CNY 156 million** to establish the industrial M&A fund "Beijing Xinghua Zhilian Investment Fund (Limited Partnership)," holding a 25.74% stake, aiming for industrial layout around its main business[103](index=103&type=chunk) - As of the end of 2018, **CNY 240 million** of the **CNY 308 million** raised from the company's initial public offering had been utilized, primarily for industrialization projects of inertial navigation and control products, driving test systems, and R&D center projects[107](index=107&type=chunk)[110](index=110&type=chunk) [IX. Outlook for Company's Future Development](index=32&type=section&id=IX.%20Outlook%20for%20Company%27s%20Future%20Development) The company anticipates rapid growth in intelligent unmanned systems, increased demand for high-precision and high-reliability military applications, and industry consolidation, while adhering to its "1+N" development strategy focused on inertial technology and unmanned intelligence - The company anticipates future trends including rapid development of intelligent unmanned systems, higher precision requirements for military applications, and increased industry concentration[119](index=119&type=chunk) - The company's development strategy adheres to the "1+N" development strategy and "organic growth and external expansion, dual-wheel drive" operational strategy, focusing on unmanned intelligent fields with inertial technology as its core[123](index=123&type=chunk) - The 2019 operational plan focuses on integrating group resources to build three business lines—sensing, communication, and platforms—with a priority on rapid implementation of unmanned aerial vehicles and unmanned ground vehicles[130](index=130&type=chunk)[131](index=131&type=chunk) [Item V Significant Events](index=37&type=section&id=Item%20V%20Significant%20Events) This section details the company's profit distribution, fulfillment of commitments, and implementation of equity incentive plans during the reporting period [I. Common Stock Profit Distribution and Capital Reserve to Share Capital Conversion](index=37&type=section&id=I.%20Common%20Stock%20Profit%20Distribution%20and%20Capital%20Reserve%20to%20Share%20Capital%20Conversion) During the reporting period, the company strictly adhered to its profit distribution policy, proposing no cash dividends, bonus shares, or capital reserve conversions for 2018, with undistributed profits allocated for operational working capital and continuous development - The 2018 profit distribution proposal is to not distribute cash dividends, bonus shares, or convert capital reserves into share capital[147](index=147&type=chunk) Cash Dividend Distribution Over the Last Three Years | Dividend Year | Cash Dividend Amount (CNY) | Ratio to Net Profit Attributable to Parent | | :--- | :--- | :--- | | **2018** | 0.00 | 0.00% | | **2017** | 3,139,204.40 | 5.00% | | **2016** | 15,200,000.00 | 20.73% | [III. Fulfillment of Commitments](index=38&type=section&id=III.%20Fulfillment%20of%20Commitments) During the reporting period, the company's actual controllers, shareholders, directors, supervisors, and senior management strictly fulfilled their commitments made during the initial public offering, including share lock-up, stock price stabilization, and information disclosure - Controlling subsidiary Star-Net Marine Electronics completed its 2018 performance commitment, achieving **CNY 50.57 million** in non-recurring net profit attributable to the parent, exceeding the promised **CNY 50 million**[159](index=159&type=chunk)[160](index=160&type=chunk) - Controlling subsidiary Kaitun Huanyu achieved **CNY 6.86 million** in net profit attributable to the parent in 2018, with its three-year average commitment of not less than **CNY 10 million** still under assessment[159](index=159&type=chunk)[160](index=160&type=chunk) - Due to Kaitun Huanyu's underperformance, the company conducted an impairment test on its goodwill, recognizing a goodwill impairment provision of **CNY 3.82 million**[163](index=163&type=chunk) [XV. Implementation of Equity Incentive Plans, Employee Stock Ownership Plans, or Other Employee Incentive Measures](index=48&type=section&id=XV.%20Implementation%20of%20Equity%20Incentive%20Plans%2C%20Employee%20Stock%20Ownership%20Plans%2C%20or%20Other%20Employee%20Incentive%20Measures) During the reporting period, the company continued to advance its 2017 restricted stock incentive plan, granting reserved restricted shares and completing the first unlocking period for **2.685 million shares**, while also repurchasing and canceling some unvested shares due to employee departures or unmet performance targets - In 2018, the company granted **330,000** reserved restricted shares to 13 incentive recipients[174](index=174&type=chunk) - The conditions for the first unlocking period of the 2017 restricted stock incentive plan were met, with 77 incentive recipients collectively unlocking **2.68504 million** shares[175](index=175&type=chunk) - Due to unmet performance conditions in 2018, the company initiated the repurchase and cancellation of certain granted but unvested restricted shares[177](index=177&type=chunk) [Item VI Changes in Shares and Shareholder Information](index=56&type=section&id=Item%20VI%20Changes%20in%20Shares%20and%20Shareholder%20Information) This section details the company's share capital changes and shareholder structure, including the total number of shareholders and the holdings of the controlling shareholders and actual controllers [I. Changes in Shares](index=56&type=section&id=I.%20Changes%20in%20Shares) During the reporting period, the company's total share capital decreased from **161.7 million** shares to **160.6 million** shares, primarily due to the unlocking of restricted shares under the equity incentive plan, the granting of reserved restricted shares, and the repurchase and cancellation of certain restricted shares Shareholding Changes | Share Class | Quantity Before Change | Quantity After Change | Net Change | | :--- | :--- | :--- | :--- | | **Restricted Shares** | 102,660,504 | 99,323,039 | -3,337,465 | | **Unrestricted Shares** | 59,009,496 | 61,230,761 | +2,221,265 | | **Total Share Capital** | 161,670,000 | 160,553,800 | -1,116,200 | [III. Shareholders and Actual Controllers](index=60&type=section&id=III.%20Shareholders%20and%20Actual%20Controllers) As of the end of the reporting period, the company had **15,465** common shareholders, with Mr. Chi Jiasheng and Mr. Li Guosheng serving as the controlling shareholders and actual controllers, who are parties acting in concert and collectively hold **52.91%** of the company's shares Top Five Shareholders' Shareholdings | Shareholder Name | Shareholding Percentage | Shares Held at End of Reporting Period | | :--- | :--- | :--- | | **Chi Jiasheng** | 27.45% | 44,069,140 | | **Li Guosheng** | 25.46% | 40,877,204 | | **Tianjin Leishi Tianyi Equity Investment Partnership** | 4.17% | 6,694,908 | | **Xu Yefeng** | 4.11% | 6,605,536 | | **Hangzhou Aoding Investment Partnership** | 2.93% | 4,704,846 | - The company's controlling shareholders and actual controllers are Chi Jiasheng and Li Guosheng, who are parties acting in concert[233](index=233&type=chunk)[237](index=237&type=chunk) [Item VII Preferred Shares Related Information](index=64&type=section&id=Item%20VII%20Preferred%20Shares%20Related%20Information) This section confirms that the company had no preferred shares during the reporting period [Preferred Shares Information](index=64&type=section&id=Preferred%20Shares%20Information) During the reporting period, the company had no preferred shares - The company had no preferred shares during the reporting period[240](index=240&type=chunk) [Item VIII Directors, Supervisors, Senior Management, and Employees](index=65&type=section&id=Item%20VIII%20Directors%2C%20Supervisors%2C%20Senior%20Management%2C%20and%20Employees) This section details the shareholding changes of the company's directors, supervisors, and senior management, as well as the overall employee structure by professional composition and education level [I. Shareholding Changes of Directors, Supervisors, and Senior Management](index=65&type=section&id=I.%20Shareholding%20Changes%20of%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) During the reporting period, some directors, supervisors, and senior management experienced shareholding changes, with Chairman Chi Jiasheng increasing his holdings by **578,000 shares**, Vice Chairman Li Guosheng by **291,600 shares**, and Director and General Manager Xu Yefeng by **100,000 shares** - Chairman Chi Jiasheng increased his shareholding by **578,000 shares**, holding **44,069,140 shares** at period-end[244](index=244&type=chunk) - Vice Chairman Li Guosheng increased his shareholding by **291,600 shares**, holding **40,877,204 shares** at period-end[244](index=244&type=chunk) [V. Company Employee Information](index=70&type=section&id=V.%20Company%20Employee%20Information) As of the end of the reporting period, the company had a total of **607** employees, with technical personnel constituting the largest professional group at **40.86%** (**248** individuals), and **58.32%** (**354** individuals) holding a bachelor's degree or higher Employee Professional Composition | Professional Composition | Number of Employees | Percentage | | :--- | :--- | :--- | | **Technical Personnel** | 248 | 40.86% | | **Production Personnel** | 123 | 20.26% | | **Management Personnel** | 109 | 17.96% | | **Administrative Personnel** | 69 | 11.37% | | **Sales Personnel** | 32 | 5.27% | | **Financial Personnel** | 26 | 4.28% | | **Total** | **607** | **100.00%** | [Item IX Corporate Governance](index=72&type=section&id=Item%20IX%20Corporate%20Governance) This section outlines the company's adherence to corporate governance standards, ensuring independent operation of its board, supervisory board, and internal structures, with no significant discrepancies from regulatory requirements [I. Basic Status of Corporate Governance](index=72&type=section&id=I.%20Basic%20Status%20of%20Corporate%20Governance) During the reporting period, the company operated in strict compliance with relevant laws and regulations, maintaining a sound corporate governance structure and independence from its controlling shareholder in business, personnel, assets, organization, and finance - The company's corporate governance structure complies with relevant laws and regulations, maintaining "five independences" from its controlling shareholder in business, personnel, assets, organization, and finance[262](index=262&type=chunk)[265](index=265&type=chunk) [Item X Corporate Bonds Related Information](index=78&type=section&id=Item%20X%20Corporate%20Bonds%20Related%20Information) This section confirms that the company had no outstanding or defaulted corporate bonds publicly issued and listed on a stock exchange during the reporting period [Corporate Bonds Information](index=78&type=section&id=Corporate%20Bonds%20Information) During the reporting period, the company had no corporate bonds that were publicly issued and listed on a stock exchange, and were either unexpired or not fully redeemed by the approval date of the annual report - The company had no unexpired or defaulted corporate bonds[283](index=283&type=chunk) [Item XI Financial Report](index=80&type=section&id=Item%20XI%20Financial%20Report) This section presents the company's audited financial statements for 2018, including the audit opinion, key financial figures, and detailed notes to the consolidated financial statements [I. Audit Report](index=80&type=section&id=I.%20Audit%20Report) Lixin Certified Public Accountants (Special General Partnership) issued a standard unqualified audit opinion on the company's 2018 financial statements, affirming their fair presentation of the company's financial position and operating results, with key audit matters identified as "provision for doubtful accounts on accounts receivable" and "revenue recognition" - The audit opinion type is a standard unqualified opinion[288](index=288&type=chunk) - Key audit matters include: - **Provision for doubtful accounts on accounts receivable**: Due to the significant accounting estimates and judgments required by management in determining impairment provisions, and the material amount involved[290](index=290&type=chunk)[291](index=291&type=chunk) - **Revenue recognition**: Due to revenue being a key performance indicator, there is an inherent risk of management manipulating the timing of revenue recognition to achieve specific targets[292](index=292&type=chunk) [II. Financial Statements](index=83&type=section&id=II.%20Financial%20Statements) This chapter includes the company's 2018 consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in owners' equity, showing total assets of **CNY 1.639 billion** and net profit attributable to the parent of **CNY 18.51 million** Consolidated Balance Sheet Key Items (2018-12-31) | Item | Period-End Balance (CNY) | | :--- | :--- | | **Total Assets** | 1,638,875,647.09 | | **Total Liabilities** | 660,539,134.16 | | **Total Equity Attributable to Parent Company Owners** | 852,224,276.48 | Consolidated Income Statement Key Items (2018) | Item | Current Period Amount (CNY) | | :--- | :--- | | **Total Operating Revenue** | 402,320,357.43 | | **Total Operating Costs** | 400,930,168.54 | | **Total Profit** | 43,085,632.46 | | **Net Profit Attributable to Parent Company Owners** | 18,513,070.63 | [VII. Notes to Consolidated Financial Statement Items](index=123&type=section&id=VII.%20Notes%20to%20Consolidated%20Financial%20Statement%20Items) This chapter provides detailed explanations of key items in the consolidated financial statements, including accounts receivable, goodwill impairment, and significant increases in short-term and long-term borrowings and research and development expenses - Accounts receivable book value at period-end was **CNY 393 million**, a 29.7% increase from the beginning of the period, with the top five debtors accounting for **36.53%** of the total[450](index=450&type=chunk)[455](index=455&type=chunk) - Goodwill arising from the acquisition of Kaitun Huanyu had an impairment provision of **CNY 3.82 million** recognized in the current period[498](index=498&type=chunk)[499](index=499&type=chunk) - Research and development expenses amounted to **CNY 66.37 million**, a 57.46% increase from **CNY 42.15 million** in the previous period, primarily due to staff salaries, materials, and depreciation/amortization[572](index=572&type=chunk) [Item XII List of Documents for Reference](index=176&type=section&id=Item%20XII%20List%20of%20Documents%20for%20Reference) This section lists the documents available for public inspection, including signed financial statements, the original audit report, original announcements from the reporting period, and the original annual report text signed by the chairman [Documents for Reference](index=176&type=section&id=Documents%20for%20Reference) This chapter lists the documents available for reference, including signed accounting statements, the original audit report, original announcements from the reporting period, and the original annual report text signed by the chairman, all kept at the company's board of directors' office - Documents for reference include signed accounting statements, the original audit report, original announcements, and the original annual report text[702](index=702&type=chunk)

[Important Notice](index=2&type=section&id=Section%201%20Important%20Notice) This section outlines the company's commitment to the accuracy and integrity of the quarterly financial report [Board Statement](index=2&type=section&id=Board%20Statement) The Board of Directors, Supervisory Board, and senior management affirm the report's truthfulness, accuracy, and completeness, assuming legal responsibility - All directors, supervisors, and senior management guarantee no false records, misleading statements, or major omissions, assuming individual and joint legal liability[4](index=4&type=chunk) - The company's principal officer, head of accounting, and head of accounting department guarantee the truthfulness, accuracy, and completeness of the financial statements[5](index=5&type=chunk) [Company Profile](index=3&type=section&id=Section%202%20Company%20Profile) This section presents key financial performance indicators and details the company's shareholder structure and major holdings [Key Accounting Data and Financial Indicators](index=3&type=section&id=I.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) During the reporting period, operating revenue increased by 39.23%, but net profit attributable to shareholders decreased by 47.52%, with non-recurring net profit down 66.31%; operating cash flow remained negative but improved Key Financial Indicators for Q1-Q3 2018 | Indicator | Year-to-Date | YTD Change vs. Prior Year (%) | Current Period | Current Period Change vs. Prior Year (%) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue (Yuan) | 276,957,111.17 | 39.23% | 102,086,579.74 | 13.53% | | Net Profit Attributable to Shareholders (Yuan) | 19,919,142.07 | -47.52% | 8,202,406.50 | -55.99% | | Net Profit Attributable to Shareholders (Excluding Non-Recurring Items) (Yuan) | 12,962,539.04 | -66.31% | 5,021,439.47 | -75.82% | | Net Cash Flow from Operating Activities (Yuan) | -70,601,967.99 | 45.71% | -10,905,883.02 | 69.45% | | Basic Earnings Per Share (Yuan/share) | 0.13 | -45.83% | 0.05 | -58.33% | | Weighted Average Return on Net Assets | 2.41% | -1.88% | 1.00% | -1.56% | | **Balance Sheet Indicators** | **End of Current Period** | **End of Prior Year** | **Change (%)** | | | Total Assets (Yuan) | 1,647,382,888.67 | 1,664,518,343.29 | -1.03% | | | Net Assets Attributable to Shareholders (Yuan) | 860,660,496.76 | 780,921,979.35 | 10.21% | | Non-Recurring Gains and Losses for Q1-Q3 2018 | Item | Year-to-Date Amount (Yuan) | | :--- | :--- | | Gains/Losses from Disposal of Non-Current Assets | -66,191.88 | | Government Grants Included in Current Profit/Loss | 7,995,294.06 | | Other Non-Operating Income/Expenses and Defined Gains/Losses | 1,499,220.33 | | Less: Income Tax Impact | 1,424,358.42 | | Less: Impact on Minority Interests (After Tax) | 1,047,361.06 | | **Total** | **6,956,603.03** | [Shareholder Information](index=4&type=section&id=II.%20Total%20Shareholders%20and%20Top%20Ten%20Shareholders%27%20Holdings%20at%20Period-End) As of period-end, the company had 16,660 common shareholders; the top two shareholders, Chi Jiasheng and Li Guosheng, are concerted parties holding 53.01% combined, indicating concentrated ownership, with several major shareholders having pledged shares - Total common shareholders at period-end were **16,660**[12](index=12&type=chunk) Top Ten Shareholders' Holdings | Shareholder Name | Shareholder Type | Holding Percentage (%) | Number of Shares Held (shares) | Pledged or Frozen Shares (shares) | | :--- | :--- | :--- | :--- | :--- | | Chi Jiasheng | Domestic Natural Person | 27.50% | 44,069,140 | 7,420,000 | | Li Guosheng | Domestic Natural Person | 25.51% | 40,877,204 | 21,175,000 | | Tianjin Leishi Tianyi Equity Investment Partnership | Domestic Non-State-Owned Legal Person | 4.23% | 6,774,908 | - | | Xu Yefeng | Domestic Natural Person | 4.12% | 6,605,536 | 3,805,500 | | Hangzhou Aoding Investment Partnership | Domestic Non-State-Owned Legal Person | 2.94% | 4,704,846 | - | - Shareholders Chi Jiasheng and Li Guosheng are concerted parties; Shareholder Guo Jiabo and Hangzhou Aoding Investment Partnership (Limited Partnership) are concerted parties[13](index=13&type=chunk) [Significant Matters](index=6&type=section&id=Section%203%20Significant%20Matters) This section details significant financial changes, ongoing strategic initiatives, performance forecasts, and other important operational matters [Analysis of Major Financial Data Changes](index=6&type=section&id=I.%20Changes%20and%20Reasons%20for%20Major%20Financial%20Data%20and%20Indicators%20During%20the%20Reporting%20Period) Multiple financial data points changed significantly due to new subsidiary consolidation and business expansion, with revenue up 39.23% but expenses, especially financial expenses, surging - Balance sheet items like prepayments (**+130.83%**), long-term equity investments (**+11,337.06%**), and construction in progress (**+192.09%**) significantly increased due to new subsidiary consolidation, increased investments, and renovation projects[16](index=16&type=chunk) - Income statement items, including operating revenue (**+39.23%**) and various expenses (sales **+115.35%**, administrative **+40.73%**, R&D **+73.29%**), significantly increased due to new subsidiary consolidation, with financial expenses soaring **2,559.06%** due to increased borrowing interest[16](index=16&type=chunk) - Cash flow statement items show operating cash inflows significantly increased due to higher revenue and consolidation, investing cash outflows rose from wealth management product purchases and subsidiary investments, and financing cash inflows notably increased due to higher M&A loans[17](index=17&type=chunk) [Progress of Significant Matters](index=7&type=section&id=II.%20Analysis%20of%20Progress%2C%20Impact%2C%20and%20Solutions%20for%20Significant%20Matters) The company is progressing with a private placement to raise up to 600 million Yuan for all-terrain unmanned vehicle R&D and industrialization, aiming to expand into intelligent fields, while controlling shareholders' share increase plan is delayed due to reporting and sensitive information periods - The company initiated a private placement to raise up to **600 million Yuan** for R&D and industrialization of all-terrain unmanned vehicle products, aiming to expand into intelligent fields and enhance industry position[18](index=18&type=chunk) - Controlling shareholders Chi Jiasheng and Li Guosheng's share increase plan (totaling no less than **1%** of total share capital) is delayed due to regular reporting windows and private placement sensitive periods; they have currently increased their holdings by **0.54%** of total share capital[19](index=19&type=chunk)[20](index=20&type=chunk)[21](index=21&type=chunk) [2018 Annual Operating Performance Forecast](index=8&type=section&id=IV.%20Forecast%20of%202018%20Annual%20Operating%20Performance) The company forecasts 2018 net profit attributable to shareholders between 50.19 million Yuan and 69.02 million Yuan, a change of -20% to 10% compared to 2017's 62.74 million Yuan, primarily due to lower-than-expected product acceptance, rising labor costs, and increased interest expenses 2018 Annual Net Profit Forecast | Item | Amount/Description | | :--- | :--- | | 2018 Annual Net Profit Attributable to Parent Company Range | 50.19 million Yuan to 69.02 million Yuan | | 2017 Annual Net Profit Attributable to Parent Company | 62.74 million Yuan | | Performance Change Range | -20% to 10% | - Key reasons for performance changes include lower-than-expected acceptance of some delivered products, rising labor costs, and increased interest expenses[25](index=25&type=chunk) [Other Significant Matters](index=8&type=section&id=Other%20Significant%20Matters) During the reporting period, the company had no overdue unfulfilled commitments, illegal external guarantees, or non-operating fund occupation by controlling shareholders; it engaged in 208 million Yuan in bank wealth management using self-raised and raised funds, and actively conducted investor relations activities - No overdue unfulfilled commitments, illegal guarantees, or controlling shareholder fund occupation occurred during the reporting period[23](index=23&type=chunk)[26](index=26&type=chunk)[27](index=27&type=chunk) Entrusted Wealth Management | Type | Fund Source | Amount of Entrusted Wealth Management (million Yuan) | Outstanding Balance (million Yuan) | Overdue Unrecovered Amount (million Yuan) | | :--- | :--- | :--- | :--- | :--- | | Bank Wealth Management Products | Self-Raised Funds | 202 | 17.21 | 0 | | Bank Wealth Management Products | Raised Funds | 6 | 1.5 | 0 | | **Total** | | **208** | **18.71** | **0** | - The company engaged with institutional investors through on-site visits and phone calls during the reporting period, discussing company overview, business development, and annual plans[29](index=29&type=chunk)[30](index=30&type=chunk)

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].

[Important Notice](index=2&type=section&id=Section%20I.%20Important%20Notice) The company's management collectively affirms the truthfulness, accuracy, and completeness of this quarterly report [Statements and Guarantees](index=2&type=section&id=Section%20I.%20Important%20Notice) The Board of Directors, Supervisory Board, and senior management collectively affirm the truthfulness, accuracy, and completeness of this quarterly report - The company's management, including directors, supervisors, and senior management, collectively endorse the **truthfulness, accuracy, and completeness** of this quarterly report and declare no false records, misleading statements, or major omissions[4](index=4&type=chunk) - The company's responsible person, the person in charge of accounting work, and the head of the accounting department all guarantee the **truthfulness, accuracy, and completeness** of the financial statements in the quarterly report[5](index=5&type=chunk) [Company Profile](index=3&type=section&id=Section%20II.%20Company%20Profile) The company's Q1 2018 financial performance was significantly impacted by new consolidations, while shareholder structure shows concentrated ownership and notable equity pledges [Key Accounting Data and Financial Indicators](index=3&type=section&id=I.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) Q1 2018 revenue surged by **127.94%** to **CNY 80.01 million** due to new consolidations, while net profit attributable to shareholders saw a modest **5.82%** increase, and non-recurring adjusted net profit declined **57.73%** Key Financial Indicators for Q1 2018 | Indicator | Current Period | Prior Year Period | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Operating Revenue (Yuan) | 80,007,843.72 | 35,101,000.01 | 127.94% | | Net Profit Attributable to Shareholders (Yuan) | 3,745,974.70 | 3,540,089.07 | 5.82% | | Non-recurring Adjusted Net Profit Attributable to Shareholders (Yuan) | 1,048,800.67 | 2,480,955.17 | -57.73% | | Net Cash Flow from Operating Activities (Yuan) | -44,035,399.32 | -45,387,751.54 | -2.98% | | Basic Earnings Per Share (Yuan/share) | 0.02 | 0.05 | -60.00% | | Total Assets (Yuan) | 1,669,462,403.57 | 1,664,518,343.29 | 0.30% (vs. end of previous year) | | Net Assets Attributable to Shareholders (Yuan) | 790,109,738.64 | 780,921,979.35 | 1.18% (vs. end of previous year) | - During the reporting period, total non-recurring gains and losses amounted to **CNY 2.6972 million**, primarily comprising **CNY 3.6456 million** in government subsidies[9](index=9&type=chunk) [Shareholder Information](index=4&type=section&id=II.%20Total%20Number%20of%20Shareholders%20and%20Top%20Ten%20Shareholders%27%20Holdings%20at%20Period%20End) As of the period end, the company had **14,315** common shareholders, with the top two holding over **52%** combined, and several top ten shareholders having significant equity pledges - As of the end of the reporting period, the company had a total of **14,315** common shareholders[12](index=12&type=chunk) Top Ten Shareholders' Holdings (As of March 31, 2018) | Shareholder Name | Shareholding Percentage | Number of Shares Held | Number of Shares Pledged | | :--- | :--- | :--- | :--- | | Chi Jiasheng | 27.38% | 43,868,540 | 7,420,000 | | Li Guosheng | 25.45% | 40,772,104 | 21,175,000 | | Tianjin Leishi Tianyi Equity Investment Partnership | 4.23% | 6,774,908 | 0 | | Xu Yefeng | 4.07% | 6,515,536 | 3,505,500 | | Hangzhou Aoding Investment Partnership | 2.94% | 4,704,846 | 0 | - Shareholders Chi Jiasheng and Li Guosheng are parties acting in concert; Shareholder Guo Jiabo and Hangzhou Aoding Investment Partnership (Limited Partnership) are parties acting in concert[13](index=13&type=chunk) [Significant Matters](index=6&type=section&id=Section%20III.%20Significant%20Matters) The company's financial performance was significantly impacted by new consolidations and strategic capital operations, while future performance is expected to decline due to various cost and revenue factors [Analysis of Financial Data Changes](index=6&type=section&id=I.%20Changes%20and%20Reasons%20for%20Key%20Financial%20Data%20and%20Indicators%20During%20the%20Reporting%20Period) Financial data fluctuations are primarily due to new subsidiary consolidations, driving over **100%** growth in revenue and costs, a **11344.55%** surge in long-term equity investments, and increased operating cash flows - Operating revenue, operating costs, sales expenses, and administrative expenses all increased significantly by **over 100%** year-on-year, primarily due to the consolidation of newly acquired subsidiaries[17](index=17&type=chunk) - Long-term equity investments increased by **11344.55%** from the beginning to the end of the period, mainly due to the acquisition of long-term equity investment in Xinghua Zhilian during this period[17](index=17&type=chunk) - Financial expenses significantly shifted from negative to positive year-on-year, increasing by **359.47%**, primarily due to interest payments on borrowed funds[17](index=17&type=chunk) - Cash outflows from investing activities significantly increased, primarily for the investment payment to Xinghua Zhilian (**CNY 156 million**) and the purchase of wealth management products (**CNY 926 million**)[18](index=18&type=chunk) [Progress of Significant Matters](index=7&type=section&id=II.%20Analysis%20and%20Explanation%20of%20Progress%2C%20Impact%2C%20and%20Solutions%20for%20Significant%20Matters) The company progressed with repurchasing **1.4462 million** restricted shares, implementing a share increase plan by actual controllers and senior management, and granting **330,000** reserved restricted shares - The company is processing the repurchase and cancellation of **1,446,200** restricted shares granted but not yet unlocked to **6** incentive recipients who no longer meet the incentive conditions[19](index=19&type=chunk) - The company's actual controllers, Chi Jiasheng and Li Guosheng, along with Director and General Manager Xu Yefeng, plan to increase their shareholdings in the company within the next **6** months, with the plan currently underway[19](index=19&type=chunk)[20](index=20&type=chunk) - On March 8, 2018, the company granted **330,000** reserved restricted shares to **13** incentive recipients at a grant price of **CNY 15.80 per share**[20](index=20&type=chunk) [Performance Forecast](index=8&type=section&id=IV.%20Forecast%20of%20Operating%20Performance%20for%20January-June%202018) The company forecasts a **35%** to **65%** year-on-year decline in H1 2018 net profit attributable to shareholders, driven by delayed deliveries, increased costs, higher financial expenses, and reduced government subsidies Operating Performance Forecast for January-June 2018 | Item | Forecast | | :--- | :--- | | Change in Net Profit Attributable to Shareholders | -65.00% to -35.00% | | Net Profit Attributable to Shareholders Change Range (CNY 10,000) | 676.15 to 1,255.7 | | Net Profit Attributable to Shareholders for Jan-Jun 2017 (CNY 10,000) | 1,931.85 | - The primary reasons for the anticipated performance decline include: decreased revenue due to delayed delivery and acceptance of some military products; increased costs and expenses from equity incentive fees, R&D investment, and labor costs; higher financial expenses due to increased borrowings; and reduced government subsidies[24](index=24&type=chunk) [Other Disclosures](index=8&type=section&id=Other%20Significant%20Matters) The company reported no overdue unfulfilled commitments, illegal external guarantees, or non-operating fund occupation by the controlling shareholder, and engaged with institutional investors in March 2018 - During the reporting period, the company had no overdue unfulfilled commitments from actual controllers, shareholders, or related parties[23](index=23&type=chunk) - The company had no illegal external guarantees or controlling shareholder fund occupation during the reporting period[26](index=26&type=chunk)[27](index=27&type=chunk) - In March 2018, the company hosted institutional investors through on-site visits and phone calls, primarily discussing the company's overview, business structure, operating performance, and development plans[28](index=28&type=chunk)

北京星网宇达科技股份有限公司 2017 年年度报告全文 北京星网宇达科技股份有限公司 2017 年年度报告 2018-040 2018 年 04 月 1 北京星网宇达科技股份有限公司 2017 年年度报告全文 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。 公司负责人迟家升、主管会计工作负责人刘玉双及会计机构负责人(会计主 管人员)刘正武声明：保证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"管理层讨论与分析"中"公司未来发展的展望"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。本报告涉及 的未来计划等前瞻性陈述，不构成公司对投资者的实质承诺，敬请投资者注意 投资风险。 公司经本次董事会审议通过的利润分配预案为：以 16022.38 万股为基数， 向全体股东每 10 股派发现金红利 0.20 元（含税），送红股 0 股（含税），不以公 积金转增股本。 2 | 目录 | | --- | | 第一节 | ...

北京星网宇达科技股份有限公司 2017 年第三季度报告正文 证券代码：002829 证券简称：星网宇达 公告编号：2017-116 北京星网宇达科技股份有限公司 2017 年第三季度报告正文 1 北京星网宇达科技股份有限公司 2017 年第三季度报告正文 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。 公司负责人迟家升、主管会计工作负责人刘玉双及会计机构负责人(会计主 管人员)刘正武声明：保证季度报告中财务报表的真实、准确、完整。 2 北京星网宇达科技股份有限公司 2017 年第三季度报告正文 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 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 1,049,180,889.51 | | 876,890,747.79 | 19.65% ...

北京星网宇达科技股份有限公司 2017 年半年度报告全文 北京星网宇达科技股份有限公司 2017 年半年度报告 1 北京星网宇达科技股份有限公司 2017 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。 公司负责人迟家升、主管会计工作负责人刘玉双及会计机构负责人(会计主 管人员)刘正武声明：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。 本报告涉及公司的经营计划和目标仅为未来计划的前瞻性陈述，不构成公 司对投资者的实质性承诺，敬请广大投资者注意投资风险。公司已在本报告中 详细描述了存在的风险事项，敬请查阅第四节：经营情况讨论与分析中"十、公 司面对的风险和应对措施"部分的内容。 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 2017-093 2017 年 09 月 | 目录 | | --- | | 2017 | 半年度报告 1 | | --- | --- | | 第一节 | 重要提示、释义 1 | | ...

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].

北京星网宇达科技股份有限公司 2017 年第一季度报告正文 证券代码：002829 证券简称：星网宇达 公告编号：2017-057 北京星网宇达科技股份有限公司 2017 年第一季度报告正文 1 北京星网宇达科技股份有限公司 2017 年第一季度报告正文 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。 公司负责人迟家升、主管会计工作负责人刘玉双及会计机构负责人(会计主 管人员)刘正武声明：保证季度报告中财务报表的真实、准确、完整。 2 北京星网宇达科技股份有限公司 2017 年第一季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等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 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 35,101,000.01 | 27,442,386.67 | 27.91% ...

北京星网宇达科技股份有限公司 2016 年年度报告全文 北京星网宇达科技股份有限公司 2016 年年度报告 2017-032 2017 年 03 月 1 北京星网宇达科技股份有限公司 2016 年年度报告全文 第一节 重要提示、目录和释义 本公司董事会、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。 公司负责人迟家升、主管会计工作负责人刘玉双及会计机构负责人(会计主 管人员)刘正武声明：保证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"管理层讨论与分析"中"公司未来发展的展望"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。本报告涉及 的未来计划等前瞻性陈述，不构成公司对投资者的实质承诺， 敬请投资者注意 投资风险。 公司不适用特殊行业的披露要求。 公司经本次董事会审议通过的利润分配预案为：以 2016 年 12 月 31 日总股 本 7,600.00 万股为基数，向全体股东每 10 股派发现金红利 2.00 元（含税），送 红股 0 股（含税 ...