一、监事会会议召开情况 证券代码：300177 证券简称：中海达 公告编号：2025-027 广州中海达卫星导航技术股份有限公司 第六届监事会第六次会议决议公告 本公司及监事会全体成员保证信息披露的内容真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 表决结果：同意 3 票，反对 0 票，弃权 0 票。 三、备查文件 1、广州中海达卫星导航技术股份有限公司第六届监事会第六次 会议（以下简称"本次会议"）的会议通知已于 2025 年 04 月 15 日 以邮件、电话的形式通知全体监事。 经与会监事签字的监事会决议。 2、本次会议于 2025 年 04 月 25 日在公司会议室以现场表决方 式召开。 5、本次会议的召集和召开符合《中华人民共和国公司法》等有 关法律、行政法规、部门规章、规范性文件和《公司章程》及《监事 会议事规则》的有关规定。 二、监事会会议审议情况 审议通过了《关于公司< 2025 年第一季度报告>的议案》 监事会经认真审核后认为，公司《2025 年第一季度报告》的审议 程序符合法律、法规和中国证监会的有关规定，报告内容真实、准确、 完整地反映了公司 2025 年第一季度经营的实际情况， ...

Financial Performance - The company reported a basic earnings per share of -0.0332 yuan for Q1 2025, an improvement of 37.59% compared to -0.0532 yuan in Q1 2024 [1] - Revenue for Q1 2025 was 1.52 billion yuan, representing a 31.03% increase from 1.16 billion yuan in Q1 2024 [1] - The net profit for Q1 2025 was -0.25 billion yuan, showing a 37.5% improvement from -0.4 billion yuan in Q1 2024 [1] - The return on equity for Q1 2025 was -1.60%, an improvement of 33.05% compared to -2.39% in Q1 2024 [1] Shareholder Structure - The top ten unrestricted shareholders hold a total of 73.1321 million shares, accounting for 12.05% of the circulating shares, with a decrease of 3.5647 million shares from the previous period [1] - Notable shareholders include 廖定海 with 35.0705 million shares (5.78%) and 廖文 with 10.8374 million shares (1.79%), both remaining unchanged [2] - Hong Kong Central Clearing Limited decreased its holdings by 3.4026 million shares to 7.1084 million shares (1.17%) [2] Dividend Policy - The company has announced that it will not distribute dividends or bonus shares this time [3]

Financial Performance - The company's operating revenue for Q1 2025 was ¥151,988,324.18, representing a 30.60% increase compared to ¥116,373,138.39 in the same period last year[5]. - The net loss attributable to shareholders decreased to ¥24,692,507.12, a 37.63% improvement from a loss of ¥39,590,186.90 in the previous year[5]. - The net cash flow from operating activities improved by 18.04%, amounting to -¥80,152,853.37 compared to -¥97,800,778.04 in the prior year[5]. - The weighted average return on equity improved to -1.60%, up from -2.39% year-over-year[5]. - The total operating revenue for the current period is CNY 151,988,324.18, an increase from CNY 116,373,138.39 in the previous period, representing a growth of approximately 30.7%[22]. - The total operating costs for the current period are CNY 194,309,271.18, up from CNY 177,960,740.70 in the previous period, indicating an increase of about 9.5%[22]. - The net profit for the current period is a loss of CNY 25,543,736.37, compared to a loss of CNY 45,620,394.22 in the previous period, showing an improvement of approximately 43.9%[23]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,007,844,481.28, a decrease of 1.83% from ¥3,064,058,941.40 at the end of the previous year[5]. - The total assets amount to CNY 3,007,844,481.28, slightly down from CNY 3,064,058,941.40 in the previous period, reflecting a decrease of approximately 1.8%[20]. - The total liabilities are CNY 1,479,085,562.04, a decrease from CNY 1,495,893,928.54 in the previous period, indicating a reduction of about 1.1%[20]. - The company’s equity attributable to shareholders decreased to CNY 1,528,749,421.37 from CNY 1,560,217,605.16, a decline of approximately 2.0%[20]. Cash Flow - The company’s cash flow from operating activities showed a significant improvement, with a net cash outflow reduced compared to the previous period[23]. - Operating cash inflow for the current period was CNY 289,723,548.92, an increase from CNY 283,249,954.58 in the previous period, reflecting a growth of approximately 1.7%[25]. - Net cash outflow from operating activities was CNY -80,152,853.37, an improvement compared to CNY -97,800,778.04 in the previous period[25]. - Investment cash inflow totaled CNY 230,756,606.81, significantly higher than CNY 131,738,596.80 in the previous period, marking an increase of about 74.8%[26]. - Net cash inflow from financing activities was CNY 63,396,729.73, a turnaround from a net outflow of CNY -1,156,180.42 in the previous period[26]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 74,585[13]. - The largest shareholder, Liao Dinghai, holds 18.85% of shares, totaling 140,281,830 shares[13]. - The total number of restricted shares held by major shareholders remains unchanged at 137,865,815 shares[15]. - The company has no preferred shareholders or changes in preferred shareholder structure[14]. - The total number of shares held by the top ten shareholders does not include any shares lent through margin trading[13]. - The company plans to lift restrictions on shares held by major shareholders on January 1, 2026[14]. Operational Changes - The company completed the internal transfer of 100% equity of subsidiaries to optimize resource allocation[16]. - The company plans to focus on market expansion and new product development in the upcoming quarters, aiming to enhance revenue streams[23]. Other Financial Metrics - The company reported a significant increase in investment income, which rose by 2,937.66% to ¥2,025,243.17, primarily due to returns from financial products and joint ventures[10]. - The company experienced a 68.54% increase in accounts receivable, reaching ¥16,246,979.53, attributed to an increase in bank drafts received from customers[9]. - The company reported a 74.94% increase in taxes and surcharges, totaling ¥1,820,447.64, mainly due to increased property tax from the new headquarters[10]. - The company recorded a 43.68% improvement in asset disposal income, which was -¥22,373.44 compared to -¥39,726.05 in the previous year[10]. - The company has reported an increase in long-term borrowings to CNY 99,808,354.38 from CNY 66,522,401.46, an increase of approximately 50.0%[20]. - The company's cash and cash equivalents decreased from 337,233,360.77 CNY to 264,812,914.82 CNY, a decline of approximately 21.5%[18]. - Accounts receivable decreased from 939,850,510.64 CNY to 861,820,674.85 CNY, a reduction of about 8.3%[18]. - Inventory increased from 397,631,810.35 CNY to 490,786,787.79 CNY, an increase of approximately 23.3%[18]. - Cash received from other investment activities was CNY 230,300,000.00, a substantial increase from CNY 130,000,000.00 in the previous period[26]. - Cash paid for purchasing goods and services was CNY 215,230,204.06, compared to CNY 186,644,881.41 in the previous period, indicating an increase of about 15.3%[25]. - Cash paid to employees decreased to CNY 78,566,084.68 from CNY 104,623,698.38, reflecting a reduction of approximately 25%[25].

Industry Overview - The Beidou receiver is a crucial component of the Beidou satellite navigation system, serving as a bridge between satellites and users, directly impacting service quality and user experience [1][17] - The global service capability of the Beidou system has been continuously enhanced, providing broader application space and higher performance requirements for Beidou receivers [1][17] - The Chinese Beidou receiver industry is experiencing rapid development opportunities, with market potential gradually being released, projected to reach approximately 30.06 billion yuan in 2024 [1][17] Market Size and Segmentation - The market size for Beidou receivers in China is estimated to be around 30.06 billion yuan in 2024, with high-precision receivers accounting for about 10 billion yuan and low-precision receivers for approximately 20.06 billion yuan [1][17] - The industry is driven by both policy support and market demand, focusing on high performance, low power consumption, and multi-scenario integration [1][17] Industry Development History - The development of the Beidou receiver industry is closely linked to the construction of the Beidou satellite navigation system, which began in the 1990s [5] - The industry has evolved from initial military applications to a broader range of civil applications, including transportation, surveying, and public safety [5] - Recent years have seen significant achievements in technological innovation, market expansion, and the improvement of the industrial chain, enhancing international competitiveness [5] Key Companies in the Industry - Major companies in the Beidou receiver industry include: - **Haige Communication**: Holds over 30% market share in military high-precision receivers [18][20] - **Zhenxin Technology**: Maintains a leading position in the satellite-based augmentation system (SBAS) receiver market [18][20] - **Beidou Xingtong**: Focuses on a comprehensive product range and is accelerating the development of integrated cloud-core business models [18][20] - **HuaCe Navigation**: Specializes in high-precision surveying and geographic information solutions [18][20] Technological Advancements - The Beidou receiver industry is moving towards higher positioning accuracy, with potential breakthroughs expected through the integration of satellite and ground-based augmentation systems [26] - Future receivers will evolve from single-function devices to integrated smart terminals, incorporating 5G communication and environmental sensing capabilities [27] - The application of third-generation semiconductor materials is anticipated to significantly reduce the size and power consumption of receivers, facilitating their use in consumer-grade wearable devices and IoT terminals [28]

Core Insights - The company reported a significant improvement in profitability for the year 2024, with a narrowed net loss of 12.45 million yuan, an increase of 97.08% year-on-year [1] - The fourth quarter showed outstanding performance, with total revenue of 481 million yuan, up 60.27% year-on-year, and a net profit of 13.32 million yuan, up 103.28% year-on-year [2] - The net cash flow from operating activities reached 102 million yuan, a substantial increase of 377.43% compared to the previous year, driven by improved collection efforts and a higher proportion of high-precision positioning equipment and solutions [3] - The company achieved notable cost control and expense optimization, with the ratio of operating expenses to revenue at 30.84%, down 26.22% year-on-year, and significant reductions in management and financial expenses [4] - The main business revenue was dominated by high-precision positioning equipment and industry solutions, accounting for 1.051 billion yuan, or 86.21% of total revenue, with a gross margin of 43.27% [5]

Core Viewpoint - 中海达 reported a revenue of 1.22 billion yuan for 2024, marking a year-on-year growth of 2.80%, but still recorded a net loss of 12 million yuan, although this represents a significant reduction in losses by 97.08% compared to the previous year [1] Group 1: Financial Performance - The net profit attributable to shareholders has been negative for three consecutive years, with figures of -110 million yuan in 2022, -430 million yuan in 2023, and -12 million yuan in 2024 [1] - The decrease in losses in 2024 was attributed to cost optimization and partial business recovery, despite not achieving profitability [1] - The company’s non-recurring net profit was -90 million yuan, showing an increase in losses by 81.98% year-on-year [1] Group 2: Business Segments and Market Conditions - 中海达's main business includes precision spatial perception equipment, high-precision applications of Beidou, and intelligent driving and navigation control [1] - The traditional surveying equipment business has seen a continuous decline in revenue due to macroeconomic downturns, reduced infrastructure investment, and intensified industry competition [1] - Although the company has made inroads into emerging fields such as autonomous driving and marine exploration, the revenue contribution from these areas remains limited [1] Group 3: R&D and Competitive Landscape - The company has increased its R&D investment in high-precision positioning for autonomous driving, Beidou applications, and marine sonar detection, with R&D expenses accounting for approximately 11.7% of revenue, significantly higher than the industry average [2] - Despite high R&D spending, the lack of corresponding revenue growth has continued to pressure profits [2] - Competitor 华测导航 has been squeezing 中海达's market share due to better cost control and channel advantages, exacerbating the industry's price war and further weakening the company's profitability [2] Group 4: Investor Concerns - Due to three consecutive years of losses, some investors have raised concerns about potential "ST" risks for the company [2] - 中海达 has stated that it has not reached any conditions that would trigger delisting risk warnings as per the Shenzhen Stock Exchange's rules and emphasized its commitment to focusing on its core business and improving operational efficiency [2]

Group 1 - The company reported a revenue of 1.22 billion yuan for the year 2024, representing a year-on-year growth of 2.80% [1] - Despite the revenue growth, the company did not achieve profitability due to impairment losses in its spatiotemporal data information business, although operational conditions improved compared to the previous year [1] - The net cash flow from operating activities for 2024 was 102 million yuan, showing a significant increase of 377.43% year-on-year [1] Group 2 - The company has focused on developing high-precision positioning equipment and solutions, with revenue from core businesses such as precise spatiotemporal perception equipment, Beidou high-precision industry applications, and intelligent driving and navigation control applications all showing growth [1] - The revenue from high-precision positioning equipment and solutions now accounts for 86.21% of the company's total revenue [1] - The intelligent driving vehicle-mounted high-precision business grew by approximately 40% year-on-year, with a substantial increase in orders for vehicle-mounted software and hardware products, exceeding 100% year-on-year [1] Group 3 - The company is actively enhancing its overseas brand presence through its HITARGET and SATLAB brands, establishing a subsidiary in Hungary to serve as a technical and warehousing center for European operations [2] - The company successfully won a bid for geological disaster monitoring and hydrological monitoring projects from the Ugandan government, marking a significant entry into the African market [2]

Core Viewpoint - The company focuses on high-precision navigation and positioning technology, emphasizing the development and application of various advanced technologies in multiple industries, including natural resources, construction, and emergency response [3][12][20]. Company Overview - The company specializes in high-precision navigation and positioning technology, integrating various technologies such as laser radar, sonar, and inertial navigation to create comprehensive solutions for spatial information [3][4]. - The company has developed a wide range of high-precision positioning products, including RTK receivers and integrated monitoring receivers, which are widely used in geographic surveying, resource investigation, and infrastructure construction [6][12]. Key Technologies and Products - The company has established a comprehensive product layout based on high-precision satellite navigation technology, including core components like antennas, chips, and various algorithms for precise positioning [5][6]. - The company has accumulated 491 intellectual property rights in the field of high-precision satellite navigation technology, including 103 invention patents and 264 software copyrights [6]. - In the laser radar technology sector, the company has developed various products, including ground laser systems and mobile measurement systems, with 169 intellectual property rights, including 43 invention patents [7]. - The company has also made significant advancements in marine detection technology, with 189 intellectual property rights, including 20 invention patents [8]. Business Segments - The company has three core business segments: precise spatial perception equipment, high-precision applications of the BeiDou system, and intelligent driving and navigation control [12][21]. - The precise spatial perception equipment segment focuses on providing high-precision positioning equipment and solutions for industries such as natural resources and construction [12][20]. - The BeiDou high-precision industry application segment offers comprehensive solutions integrating positioning technology with industry-specific applications, enhancing safety and operational efficiency [16][20]. - The intelligent driving and navigation control segment provides high-precision positioning products and solutions for automotive and agricultural machinery, enhancing automation and operational efficiency [21][22]. Financial Data and Shareholder Information - The company has not made any adjustments or restatements to previous financial data, and there are no significant discrepancies with previously disclosed financial indicators [23][24]. - The company has engaged in various transactions, including the transfer of equity stakes in subsidiaries and the reduction of shareholdings in other companies to optimize its asset structure [36][37]. Important Matters - The company is actively pursuing the recovery of accounts receivable from various partners, with ongoing legal proceedings related to these matters [27][28][30][31].

证券代码：300177 证券简称：中海达 公告编号：2025-024 广州中海达卫星导航技术股份有限公司 关于召开公司 2024 年年度股东大会的通知 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 一、召开会议的基本情况 1、股东大会届次：本次股东大会为广州中海达卫星导航技术 股份有限公司（下称"公司"）2024年年度股东大会 2、股东大会的召集人：公司董事会 3、会议召开的合法、合规性： 公司于2025年04月15日召开第六届董事会第七次会议审议通 过了《关于提请召开2024年年度股东大会的议案》，本次股东大会 的召开符合《中华人民共和国公司法》《上市公司股东大会规则》 等有关法律、行政法规、部门规章、规范性文件和《广州中海达卫 星导航技术股份有限公司公司章程》（以下简称"《公司章程》"）的 规定。 4、会议召开时间 1）现场会议时间：2025年05月16日下午15：30。 2）网络投票时间： a）通过深圳证券交易所交易系统进行网络投票的时间为 2025年05月16日9:15-9:25，9:30-11:30 和13:00-15:00； b）通过深圳证券交易 ...

1、广州中海达卫星导航技术股份有限公司（以下简称"公司"） 第六届监事会第五次会议（以下简称"本次会议"）的会议通知已于 2025 年 04 月 04 日以邮件、电话的形式通知全体监事。 2、本次会议于 2025 年 04 月 15 日在公司会议室以现场表决方 式召开。 3、本次会议应出席监事 3 名，实际出席会议监事 3 名。 4、本次会议由监事会主席谢柏栋先生主持。 5、本次会议的召集和召开符合《中华人民共和国公司法》（以 下简称"《公司法》"）等有关法律、行政法规、部门规章、规范性 文件和《广州中海达卫星导航技术股份有限公司公司章程》（以下简 称"《公司章程》"）及《监事会议事规则》的有关规定。 证券代码：300177 证券简称：中海达 公告编号：2025-008 广州中海达卫星导航技术股份有限公司 第六届监事会第五次会议决议公告 本公司及监事会全体成员保证信息披露的内容真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 一、 监事会会议召开情况 公司《2024 年年度监事会工作报告》的具体内容详见公司于 2025 年 04 月 16 日刊登在中国证监会指定的创业板信息披露网站巨潮资 讯网(www ...