Financial Performance - The company reported a significant decline in annual performance, with specific reasons and measures for improving profitability detailed in the management discussion section [4]. - The profit distribution plan approved by the board proposes no cash dividends or stock bonuses, with a base of 517,636,745 shares [5]. - The company's operating revenue for 2024 was ¥402,396,183.29, representing a 14.74% increase compared to ¥350,688,525.68 in 2023 [18]. - The net profit attributable to shareholders for 2024 was -¥105,368,687.15, an improvement of 46.19% from -¥195,816,579.36 in 2023 [18]. - The net cash flow from operating activities for 2024 was -¥102,297,365.64, a decline of 50.27% compared to -¥68,076,470.92 in 2023 [18]. - The total assets at the end of 2024 were ¥2,456,470,923.61, a decrease of 3.53% from ¥2,546,311,780.21 at the end of 2023 [18]. - The company reported a basic earnings per share of -¥0.20 for 2024, improving by 47.37% from -¥0.38 in 2023 [18]. - The company's total revenue for the reporting period reached ¥402,396,183.29, representing a year-on-year increase of 14.74% from ¥350,688,525.68 [128]. - The net profit attributable to shareholders of the listed company was -105.37 million yuan, a reduction in losses by 46.19% compared to the previous year [116]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and projections, urging investors to make cautious decisions [4]. - The management discussion section outlines potential risks the company may face and corresponding countermeasures [4]. - The company acknowledges the risks posed by the uncertain macroeconomic environment and geopolitical factors, which may impact its business operations and market conditions [199]. - The company is facing risks related to performance volatility due to dependence on military contracts and the high-tech nature of its products, which may lead to uncertain market development outcomes [194]. - The company anticipates potential negative impacts on its production operations and short-to-medium term revenue and profitability expectations [200]. Business Operations and Strategy - The financial report includes a comprehensive analysis of the company's main business operations and future development outlook [4]. - The company is focusing on three core businesses: military equipment, 5G RF, and the new generation of comprehensive electronic information, continuously enhancing its main business layout and increasing R&D investment in core technologies [117]. - The company is actively expanding its market share and developing new business products, driven by the acceleration of contract deliveries and the industrialization process [117]. - The company has established extensive cooperation with military branches, enhancing product development and quality management, and has formed international partnerships aligned with the "Belt and Road" initiative [111]. - The company is committed to its strategic positioning and planning, seizing historical opportunities during the "14th Five-Year Plan" period [200]. Research and Development - The company is committed to ensuring the accuracy and completeness of its financial reports, with signatures from key management personnel [4]. - The company has achieved industrialization progress in the use of plastic packaging materials for semiconductor packaging, which can reduce packaging costs by 30-70% compared to traditional and wafer-level packaging [47]. - The company has developed comprehensive anti-drone solutions covering air and water domains, enhancing its capabilities against emerging security threats [32]. - The company is focusing on the research and production of RF chips, devices, modules, and materials for wireless infrastructure and smart terminal markets, providing products for 4G/5G, WIFI, NB IOT, and satellite communication [82]. - The company is committed to strengthening its technology research and development system and enhancing its core competitiveness by collaborating with universities and research institutions [198]. Market Trends and Opportunities - The military equipment business is projected to reach a market size of approximately ¥1.1 trillion in 2024, growing nearly 40% since 2020 [30]. - The military electronics sector is expected to reach a market size of ¥501.2 billion by 2025, with a compound annual growth rate of 9.33% from 2021 to 2025 [31]. - The global RF device market reached approximately $20 billion in 2022 and is expected to exceed $30 billion by 2027, with a compound annual growth rate (CAGR) of over 8% [38]. - The Chinese RF device market surpassed 50 billion yuan in 2023 and is projected to exceed 70 billion yuan by 2025, maintaining a CAGR of over 12% [40]. - The low-altitude economy market in China reached approximately 505.95 billion yuan in 2023, with a year-on-year growth rate of 33.8% [54]. Product Development and Innovation - The core product "Portable Air Defense Missile Intelligence Command System (Shadow 1.0)" has been recognized and deployed by users, establishing a solid market foundation in the low-altitude defense sector [32]. - The company has launched competitive products in the low-altitude safety sector, including low-altitude monitoring systems and emergency response solutions [56]. - The company is actively expanding its product offerings in the RF device sector, targeting new opportunities in 5G-A, 5G-R, and industrial IoT applications [42]. - The company has developed a comprehensive low-altitude safety capability system, focusing on national defense, public safety, data security, and aircraft safety solutions [55]. - The company is focusing on enhancing its product competitiveness through the development of advanced technologies in radar and digital phased array systems [146]. Financial Management - The company has a registered capital of 517,636,745 shares, with no plans for capital increase through stock distribution [5]. - The company’s total operating costs decreased by 11.17% year-on-year, amounting to 203,997,033.74 yuan in 2024 compared to 229,661,117.00 yuan in 2023 [138]. - Research and development expenses decreased by 28.95% year-on-year, totaling 86,358,678.22 yuan in 2024, down from 121,553,722.38 yuan in 2023 [144]. - The financial expenses increased by 125.79% year-on-year, primarily due to reduced exchange gains and increased interest expenses [144]. - The company has a receivable balance of 556 million, with a book value of 165 million, representing 6.72% of the total audited assets for 2024, indicating potential risks in cash flow management [197].

Financial Performance - The company's revenue for Q1 2025 was ¥87,958,364.77, a decrease of 34.77% compared to ¥134,852,543.24 in the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥30,418,549.18, representing a decline of 534.67% from a profit of ¥6,998,025.25 in the previous year[5]. - The company reported a significant increase in cash and cash equivalents, with monetary funds rising to 157,234,980.55 yuan from 92,919,328.26 yuan[25]. - The company reported a net loss of ¥34,582,509.21, compared to a net profit of ¥5,698,330.24 in the previous period, indicating a significant decline in profitability[29]. - Operating profit was recorded at -¥33,974,647.59, a sharp decrease from ¥6,129,300.70 in the prior period[29]. - The total comprehensive income attributable to the parent company was -¥30,418,549.18, compared to ¥6,998,025.25 in the previous period, indicating a substantial decline[29]. Cash Flow and Financial Position - The net cash flow from operating activities improved by 15.02%, with a net outflow of ¥23,468,628.87 compared to ¥27,615,786.27 in the previous year[5]. - Cash flow from operating activities showed a net outflow of -¥23,468,628.87, improving slightly from -¥27,615,786.27 year-over-year[32]. - Investment activities resulted in a net cash outflow of -¥21,406,278.32, compared to -¥41,276,963.86 in the previous year, indicating improved cash management[32]. - Financing activities produced a net cash inflow of ¥108,892,775.99, a significant increase from ¥3,347,602.16 in the prior period, highlighting successful fundraising efforts[32]. - The company generated ¥96,029,178.89 in cash from sales, down from ¥111,116,190.00 in the prior period, reflecting a decrease of approximately 13.6%[31]. Assets and Liabilities - Total assets increased by 2.28% to ¥2,512,394,890.75 from ¥2,456,470,923.61 at the end of the previous year[5]. - The company's total liabilities increased to 1,069,308,766.46 yuan from 980,250,061.76 yuan, indicating a rise in financial obligations[26]. - The company's long-term borrowings increased by 63.27% to ¥222,970,241.29, reflecting new bank loans obtained during the period[7]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 63,029[10]. - The largest shareholder, He Zenglin, holds 25.11% of shares, totaling 129,971,700 shares, with 91,171,000 shares pledged[10]. - Liu Daning, the second-largest shareholder, holds 3.04% of shares, totaling 15,747,300 shares, with all shares pledged[10]. - The total number of restricted shares at the end of the period is 112,131,337 shares, with no shares released during the period[13]. Investment and Projects - The company plans to invest CNY 1.69981 billion in the construction of the 5G Communication Industrial Park project in Xi'an[14]. - The project will include the production of 5G communication electronic products and dual-use military-civilian products[15]. - The company has acquired land for the project, totaling 266.264 acres, for CNY 85.04 million[16]. - The Tianrong Big Data (Xi'an) Computing Power Center project will be part of the 5G Communication Industrial Park, with an estimated first-phase investment of CNY 2.15536 billion[16]. - The second phase of the Tianrong project is estimated to require CNY 1.20114 billion, subject to future business conditions and market changes[16]. - The construction of the 5G communication industrial park has faced delays due to archaeological excavations, seasonal weather conditions, and external factors, with project completion now extended to June 2025[17]. - The total investment for the wireless communication-specific microwave ferrite and ceramic materials project by the wholly-owned subsidiary Nanjing Biao is approximately RMB 5 billion, with the first phase investment of about RMB 120 million and a construction period of 21 months[18]. - The first phase of the Nanjing Biao project has completed acceptance work and has officially commenced operations, reaching the intended usable state[19]. Stock Options and Employee Plans - The company has granted 15 million stock options under the 2021 stock option incentive plan, with 4,815,700 options (32.10% of total granted) being canceled due to unmet exercise conditions[20]. - Following the cancellation, the remaining stock options held by the incentive objects have been reduced to 10,184,300[21]. - The 2021 employee stock ownership plan raised RMB 23.94 million, purchasing 2,156,100 shares, which is 0.42% of the total share capital, at an average price of RMB 10.995 per share[22]. - The lock-up period for the employee stock ownership plan ended on March 29, 2024, with all shares sold between November 1, 2024, and March 21, 2025[22]. Future Plans - The company plans to issue shares to specific targets in 2024, with the proposal approved in the board meeting held on September 26, 2024[23]. - The company plans to issue up to 110,584,518 shares to its controlling shareholder, raising a total of no more than 700 million yuan for working capital[24]. Research and Development - Research and development expenses increased to 21,670,727.41 yuan, up from 17,686,730.89 yuan, highlighting a focus on innovation[28].

天和防务（300397）公告，2025年第一季度营业收入8795.84万元，同比下降34.77%。净亏损3041.85万 元，去年同期净利润699.8万元。 ...

西安天和防务技术股份有限公司 关于为全资子公司提供担保的进展公告 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、担保情况概述 证券代码：300397 证券简称：天和防务 公告编号：2025-008 西安天和防务技术股份有限公司（以下简称"公司"）于2024年8月27日召开了 第五届董事会第八次会议、2024年9月13日召开了2024年第一次临时股东大会，审议 通过了《关于调整2024年度对外担保额度预计的议案》，为进一步满足公司及子公 司的日常经营和业务发展需要，公司调整2024年度对外担保的额度，本次调整后， 2024年度对外担保预计为人民币64,000万元，其中，为资产负债率超过70%的子公司 担保额度不超过人民币7,000万元，为资产负债率70%以下的子公司担保额度不超过 人民币52,000万元，为公司合并报表范围内其他公司提供担保的第三方担保公司担 保额度不超过人民币5,000万元。同时，公司为控股子公司提供担保的，该子公司的 其他股东原则上按出资比例提供同等担保或者反担保。本次调整担保额度有效期自 该议案经股东大会审议通过之日起至2024年年度 ...

证券代码：300397 证券简称：天和防务 公告编号：2025-007 西安天和防务技术股份有限公司 关于全资子公司以自有资产抵押向银行申请借款的公告 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。 西安天和防务技术股份有限公司（以下简称"公司"）全资子公司西安天 伟电子系统工程有限公司（以下简称"天伟电子"）基于其经营发展的资金需 求，以自有资产抵押的方式向长安银行股份有限公司西安灞桥区支行（以下简 称"长安银行"）申请人民币8,500万元的流动资金借款。公司控股股东、实际 控制人贺增林先生及其配偶提供连带责任保证担保不收取任何担保费用，无需 提供反担保。具体情况如下： 一、天伟电子基本情况 1.名 称：西安天伟电子系统工程有限公司 2.统一社会信用代码：9161013172627529XQ 3.设立日期：2001年02月27日 4.住 所：陕西省西安市高新区西部大道158号 5.法定代表人：贺增林 6.注册资本：20,000万元人民币 7.经营范围：一般项目：工程和技术研究和试验发展；电子（气）物理设 备及其他电子设备制造；电子专用设备制造；雷达及配套设备 ...

证券代码：300397 证券简称：天和防务 公告编号：2025-006 西安天和防务技术股份有限公司 关于为全资子公司提供担保的进展公告 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。 二、担保进展情况 近日，公司与中国工商银行股份有限公司西安曲江支行（以下简称"工商 银行"）签订了《保证合同》，为全资子公司西安天伟电子系统工程有限公司 （以下简称"天伟电子"）和工商银行签订的《流动资金借款合同》项下人民 币7,000万元的流动资金借款提供连带责任保证担保。同时，天伟电子和工商银 1 一、担保情况概述 行签订了《抵押合同》，天伟电子以其拥有的房产为前述《流动资金借款合同》 项下天伟电子同工商银行的全部债务提供抵押担保。 西安天和防务技术股份有限公司（以下简称"公司"）于2024年8月27日召 开了第五届董事会第八次会议、2024年9月13日召开了2024年第一次临时股东大 会，审议通过了《关于调整2024年度对外担保额度预计的议案》，为进一步满 足公司及子公司的日常经营和业务发展需要，公司调整2024年度对外担保的额 度，本次调整后，2024年度对外担保预计为 ...

证券代码：300397 证券简称：天和防务 公告编号：2025-005 西安天和防务技术股份有限公司 关于 2021 年员工持股计划股票出售完毕暨计划终止的公告 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。 西安天和防务技术股份有限公司（以下简称"公司"）2021 年员工持股计 划（以下简称"本员工持股计划"）所持有的公司股票已全部出售完毕。根据《关 于上市公司实施员工持股计划试点的指导意见》及《深圳证券交易所上市公司自 律监管指引第 2 号——创业板上市公司规范运作》等相关规定，现将本员工持股 计划相关事项公告如下： 一、本员工持股计划基本情况 公司分别于 2021 年 11 月 12 日召开第四届董事会第二十次会议、第四届监 事会第十六次会议和 2021 年 12 月 2 日召开 2021 年第三次临时股东大会，审议 通过了《关于公司<2021 年员工持股计划（草案）>及其摘要的议案》《关于公 司<2021 年员工持股计划管理办法>的议案》等相关议案，同意公司实施 2021 年 员工持股计划。 2022 年 5 月 30 日召开第四届董事会第二十六次会议 ...

关于变更独立财务顾问主办人的公告 证券代码：300397 证券简称：天和防务 公告编号：2025-004 西安天和防务技术股份有限公司 1 附件： 钟世海先生和吴翔先生的简历 钟世海，注册会计师，具有较为丰富的投资银行项目经验，曾先后参与维 海德（301318.SZ）IPO项目，天和防务（300397.SZ）发行股份购买资产并募集 配套资金项目，鼎欣科技（870840.NQ）北交所上市辅导项目，索贝数码 （873624.NQ）新三板推荐挂牌项目等。 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。 西安天和防务技术股份有限公司（以下简称"公司"）于近日收到独立财 务顾问方正证券承销保荐有限责任公司（以下简称"方正承销保荐"）的《方 正证券承销保荐有限责任公司关于变更西安天和防务技术股份有限公司发行股 份购买资产并募集配套资金项目独立财务顾问主办人的函》。方正承销保荐为 公司发行股份购买资产并募集配套资金项目（以下简称"本项目"）的独立财 务顾问机构及持续督导机构，持续督导期为2021年2月5日至2022年12月31日止。 鉴于本项目募集资金尚未使用完毕，方正承销 ...

关于控股股东、实际控制人的一致行动人部分股份 二、股东股份累计质押的情况 办理质押回购延期业务的公告 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。 西安天和防务技术股份有限公司（以下简称"公司"）于近日接到公司控股 股东、实际控制人的一致行动人刘丹英女士的通知，获悉其将所持有的公司部分 股份办理了质押回购延期业务，现将具体内容公告如下： 注：表中合计数与各明细数直接相加之和若在尾数上存在差异，是由于四舍五入所造成。 1 股东 名称 是否为 控股股 东或第 一大股 东及其 一致行 动人 本次回购 延期股数 （股） 是否 为限 售股 是否 为补 充质 押 占其所 持股份 比例 （%） 占公司 总股本 比例 （%） 质押 开始 日期 延期后 质押到 期日 质权人 质押 用途 刘丹英 是 11,000,000 否 否 69.8532 2.1250 2023- 12-21 2025- 06-26 华龙证券 股份有限 公司 个人资 金需求 刘丹英 是 3,936,800 否 是 24.9998 0.7605 2024- 02-05 2025- 06-26 华龙证券 股份 ...

Financial Performance - The company expects a net loss of between 75 million and 95 million yuan for the fiscal year 2024, an improvement from a loss of 195.82 million yuan in the same period last year[3]. - The net profit attributable to shareholders, excluding non-recurring gains and losses, is projected to be a loss of between 77.6 million and 97.6 million yuan, compared to a loss of 207.62 million yuan in the previous year[3]. - The company anticipates that non-recurring gains and losses will impact the net profit attributable to shareholders by approximately 2.6 million yuan[6]. - The financial data presented is preliminary and has not been audited by an external accounting firm[4]. - Detailed financial data will be disclosed in the company's 2024 annual report, urging investors to make cautious decisions and be aware of investment risks[7]. Revenue and Product Performance - The company has seen significant growth in military product revenue, fulfilling contract requirements and meeting income recognition conditions, while civilian product revenue has stabilized but declined slightly due to intensified competition and price reductions[5]. - The company is executing contracts for the upgrade of a portable air defense missile intelligence command system, which has not yet completed delivery and acceptance, affecting military product performance[5]. Strategic Focus and Future Outlook - The company is focusing on key areas such as low-altitude defense, 5G RF, big data, and low-altitude economy, increasing investment in independent innovation and new product development[5]. - The company aims to enhance its core competitiveness by deepening its focus on military equipment, 5G RF, and new generation comprehensive electronic information[6]. - The company expects to see improved performance in the future driven by the acceleration of low-altitude economy development and the expansion of 5G application scenarios[6].