Financial Performance - The company's operating revenue for Q1 2023 was ¥80,774,720.20, a decrease of 13.71% compared to ¥93,603,957.25 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥21,779,680.91, representing a decline of 202.63% from a loss of ¥7,196,880.40 in the previous year[5] - The total operating costs increased to CNY 114,546,008.80, up 2.3% from CNY 112,237,934.65 year-on-year[31] - The net loss for Q1 2023 was CNY 26,277,237.31, compared to a net loss of CNY 10,603,878.99 in Q1 2022, representing an increase in loss of 147.5%[32] - The weighted average return on net assets was -1.19%, down from -0.50% in the same period last year, indicating a worsening financial performance[5] - The company reported a basic and diluted earnings per share of -0.04, compared to -0.01 in the same quarter last year[32] Cash Flow - The net cash flow from operating activities improved by 34.02%, with a net outflow of ¥30,402,008.79 compared to ¥46,080,603.52 in the same period last year[5] - Cash inflow from operating activities totaled $139,924,430.35, an increase from $130,999,557.60 in the previous period[34] - Net cash outflow from operating activities was $30,402,008.79, improving from a net outflow of $46,080,603.52 in the previous period[34] - Cash inflow from investment activities was $250,634,381.29, up from $228,368,422.28 in the previous period[34] - Net cash outflow from investment activities was $57,182,678.64, an improvement from a net outflow of $151,346,233.89 in the previous period[34] - Cash inflow from financing activities amounted to $61,782,830.22, down from $84,385,015.01 in the previous period[35] - Net cash flow from financing activities was $49,442,155.07, decreasing from $71,306,949.86 in the previous period[35] - The ending cash and cash equivalents balance was $313,777,829.27, down from $507,126,520.90 in the previous period[35] Assets and Liabilities - The total assets at the end of Q1 2023 were ¥2,578,334,176.95, reflecting a slight increase of 0.78% from ¥2,558,311,835.47 at the end of the previous year[5] - Non-current liabilities increased to CNY 391,450,438.36 from CNY 316,966,753.97, reflecting a rise of 23.4%[30] - The total equity attributable to shareholders of the parent company decreased to CNY 1,813,468,615.36 from CNY 1,835,223,216.67, a decline of 1.2%[30] Investments and Projects - The company plans to invest CNY 1.69981 billion in the construction of the 5G Communication Industrial Park project in Xi'an High-tech Zone[17] - The investment project will include the production of 5G communication electronic products and dual-use related products[17] - The Tianhe Tengfei Communications Industrial Park Co., Ltd. has been established to oversee the construction and operation of the 5G Communication Industrial Park project[17] - The company acquired land for the project at a cost of CNY 85.04 million, covering a total area of 266.264 acres[18] - The Tianrong Big Data (Xi'an) Computing Center project will be part of the 5G Communication Industrial Park, with an estimated first-phase investment of CNY 2.15536 billion and a second-phase investment of CNY 1.20114 billion[19] - The company’s investment in the 5G Communication Industrial Park will be phased based on actual progress and market conditions[17] - The 5G communication industrial park project has two land plots, with the northern plot's construction already capped and progressing to interior work, while the southern plot is advancing towards the establishment of a big data computing center[20] - The 5G ring resonator expansion project and the ferrite production and R&D center are part of the 5G communication industrial park, with construction delays due to external factors, now expected to complete by June 2024[20] - Nanjing Biao Electronics plans to invest approximately RMB 120 million in the first phase of a microwave ferrite and ceramic materials project, with a construction period of 21 months[21] - The total area of the land acquired for the Nanjing Biao project is 18,342.78 square meters, with construction already underway[22] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 53,119, with the largest shareholder holding 25.11% of the shares[11] - The report indicates that the top ten unrestricted shareholders hold a total of 116,820,332 shares[16] - The company’s major shareholder, He Zenglin, holds 32,492,925 shares, representing 0.55% of the total shares[16] - The company has not disclosed any other shareholder relationships or whether they are acting in concert[16] - The company has not reported any changes in the number of restricted shares for the current period[15] Research and Development - Research and development expenses rose to CNY 24,021,068.00, an increase of 17.8% from CNY 20,400,022.86 in the previous year[31] - The company has ongoing investments in new technologies and products, although specific details were not disclosed in the report[32] Employee and Joint Ventures - The company completed the stock option incentive plan in January 2022, granting 15 million options to 127 individuals[23] - The employee stock ownership plan raised RMB 23.94 million, with 2,156,100 shares purchased at an average price of RMB 10.995 per share[24] - The company established a joint venture, Tianyi Information Technology, with a registered capital of RMB 20 million, where the company holds a 51% stake[25] - Tianyi Information Technology aims to provide comprehensive language services using AI and natural language processing technologies, targeting various sectors including tourism and government[26] Current Assets - As of March 31, 2023, the company's total current assets amounted to RMB 1,006,716,374.93, down from RMB 1,090,121,756.99 at the beginning of the year[27]

Group 1: 5G Business Development - The company will continue to strengthen its 5G business development, focusing on new product research and development, and enhancing the competitiveness of its products [2] - The company aims to accelerate the industrialization of new technologies and processes, particularly in the development of RF materials and components [3] Group 2: Military Equipment Business - The core of the military equipment business is the new generation of integrated short-range defense systems, with a focus on low-altitude defense, smart coastal defense, and battlefield environment perception [3] - The company has established extensive cooperation with various military branches, maintaining stable military product orders in recent years [3] - In 2022, the company signed a contract for the upgrade of a portable air defense missile command system, which is expected to lead to continuous orders in the future [3] Group 3: Infrastructure Projects - The "West High-tech New Tianhe Defense Phase II - 5G Communication Industrial Park" project is progressing rapidly, with the northern area already topped out and construction ongoing [4] - The project aims to create a full industrial chain for 5G RF microwave devices, enhancing the company's innovation and market collaboration capabilities [4] Group 4: Product Offerings - The subsidiary Chengdu Tongliang's main products include low-noise amplifiers and radar chips, applicable in mobile communication and IoT sensing fields [4] - The "Qin Film" series of high-performance dielectric films has completed trial production and is expected to contribute positively to the company's performance [5] Group 5: Future Outlook - The 14th Five-Year Plan emphasizes the need to enhance national defense capabilities, which is expected to pave the way for continuous growth in military spending [3] - The company is well-positioned to benefit from the modernization of military equipment and the increasing focus on strategic deterrence capabilities [3]

Group 1: Military Equipment Business - The company's military equipment business focuses on a new generation of integrated short-range defense systems, including portable air defense missile command systems and intelligent coastal defense systems [3] - In 2022, the company signed a contract for the upgrade of a certain type of portable air defense missile intelligence command system, which is expected to lead to continuous orders in the future [3] - The "14th Five-Year Plan" emphasizes the need to enhance national defense capabilities, which is likely to lead to sustained growth in military spending [3] Group 2: 5G Communication Industry Park - The "Xi'an Tianhe Defense Phase II - 5G Communication Industry Park" project is currently under accelerated construction, with the northern area focusing on 5G-related product lines [4] - The northern project aims to create a full industrial chain for 5G RF microwave devices, with the main structure already completed [4] - The southern area is planned to support the company's "Tianrong Big Data" capabilities, including a large-scale data center and computing center [4] Group 3: Tianrong Project - The "Tianrong Project" is a strategic business initiative that has been implemented in multiple locations, including Hainan and Shaanxi, and has received recognition from both military and civilian sectors [5] - The business model for the "Tianrong Project" is maturing and is expected to become a new growth engine for the company [5] Group 4: Financial Projections - The Tianrong Big Data (Xi'an) computing center project is expected to have an investment of approximately 21.5536 billion yuan for the first phase and 12.0114 billion yuan for the second phase, with an anticipated annual revenue of 31.6583 billion yuan once fully operational [6] - The first phase is projected to generate an annual revenue of 11.6583 billion yuan, while the second phase could accommodate 4,000 data professionals and generate an additional 20 billion yuan in annual revenue [6] Group 5: Employee Stock Ownership Plan - The company completed its employee stock ownership plan in 2021, purchasing 2,156,100 shares, which is 0.42% of the total shares, at an average price of 10.995 yuan per share [6] - The lock-up period for the purchased shares is 18 months, starting from September 30, 2022, until March 29, 2024 [6]

Group 1: Company Performance and Challenges - The company's performance is significantly affected by the long market development cycle of military products, few orders, large single order amounts, and potential delivery delays [1][2] - The company has three product models participating in domestic military selection, with results expected within the year [2] - The company is currently in a competitive bidding phase for military projects, with multiple strong competitors involved [2] Group 2: Product Development and Market Strategy - The company focuses on four major product areas: regional air defense systems, general aviation flight management, marine environment detection, and high-end security equipment [3] - The establishment of a metamaterials research center is based on years of technical accumulation in the microwave field, aiming for industrialization of metamaterial technology [4] - The company plans to expand its military product structure while promoting dual-use technology for civilian applications [3][4] Group 3: Financial Aspects and Market Position - Prices for general aviation products range from several million to tens of millions [4] - The company has completed foreign trade sales and acceptance for underwater observation network mixed cable products [4] - The company maintains a competitive relationship with partners in the aviation field while also collaborating on research projects [4]

投资者关系活动记录表 1 证券代码：300397 证券简称：天和防务 西安天和防务技术股份有限公司投资者关系活动记录表 编号：2015002 | --- | --- | --- | |-----------------------|-------------------------|------------------------------------------------------| | | | | | 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 | | 中国国际金融股份有限公司 王宇飞 | | 人员姓名 | | | | 时间 | 2015 年 9 月 14 | 日（下午 15：30-16 ：30） | | 地点 | 公司会议室 | | | 上市公司接待人 员姓名 | 董事会秘书王振平 | | | 投资者关系活动 | | 向来访人员介绍了公司情况，双方就公司经营投资情 | | 主要内容介绍 | ...

Group 1: Company Overview - The company operates in four main product areas: regional air defense command systems, ground reconnaissance command systems, general aviation flight management, and marine environmental monitoring [2] - The company has received orders for its perimeter security systems in the security field [2] Group 2: Revenue Composition - Revenue composition from four product areas: 1. Regional air defense command systems 2. General aviation flight management 3. Marine environmental monitoring 4. Ground reconnaissance command systems [2][3] - The TH-S216 model is a major domestic product, while TH-S311, TH-S711, and TH-G701 are key international products [2] Group 3: Market Competition - In the general aviation sector, competitors include Chuan Da Zhi Sheng and Jiu Zhou Electric [3] - The company is involved in the selection competition for military products such as the TH-S217 model and a multifunctional radar system [4][5] Group 4: Acquisition and Market Strategy - The company announced the acquisition of 60% of Shenzhen Huayang Communication to enter the civil communication market and enhance military-civilian integration [6][7] - The acquisition aims to leverage both companies' strengths to expand domestic military product markets and improve sales and profitability [7] Group 5: Challenges and Future Plans - The military product orders in 2014 were insufficient due to long development cycles and potential delays in delivery [4] - The company plans to increase market development efforts in the general aviation sector based on market demand [4]

Financial Performance - In 2015, the company experienced a significant decline in orders for traditional military products and civilian sectors, resulting in total revenue of 77.87 million yuan, a decrease of 65.08% year-on-year [2] - The net profit attributable to shareholders was -55.33 million yuan, down 173.49% compared to the previous year [2] - The total profit was -62.51 million yuan, reflecting a 204.73% decline from the previous year [2] Strategic Initiatives for 2016 - The company aims to enhance its military product offerings, particularly the TH-S217 model and a certain infrared early warning detection system, by increasing market development efforts [3] - Plans include accelerating the conversion of military technology for civilian use, focusing on sectors such as general aviation, security, marine, and communication electronics [3] - The company will explore mergers and acquisitions to integrate relevant technologies within the industry chain, aiming for effective expansion and acquisition of quality assets [3][7] Market Development - The company has made substantial progress in the civilian sector, with new contracts significantly increasing, particularly in the air traffic management equipment field [4] - A contract for the TH-GA04 general airport mobile tower air traffic management system was signed in May 2016, indicating potential for future orders in this area [4] - The marine detection sector has seen the establishment of a subsidiary, which has successfully entered new market areas, marking a new profit growth point [5] Competitive Landscape - The company faces competition in the general aviation sector from entities such as China Electronics 28 Institute and others [6] - The overall macro environment for general aviation is positive, but industrialization will depend on the construction progress of aviation airports and the implementation of national policies [6] Corporate Governance - The company is currently evaluating potential equity incentive plans, although none have been formally proposed yet [7] - During investor relations activities, the company ensured compliance with regulations, preventing any disclosure of undisclosed significant information [7]

投资者关系活动记录表 证券代码：300397 证券简称：天和防务 西安天和防务技术股份有限公司投资者关系活动记录表 编号：2016003 | --- | --- | --- | |-----------------------|-------------------------|---------------------------------------------------| | | | | | 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 | | | 参与单位名称及 | | 中信建投证券股份有限公司 张 博 | | 人员姓名 | | 工银瑞信基金管理有限公司 田硕鹏 | | | | 工银瑞信基金管理有限公司 英 明 | | | | | | 时间 | 2016 年 5 月 17 | 日（下午 14：30-16 ：00） | | 地点 | 公司会议室 | | | 上市公司接待人 员姓名 | 董事会秘书 王振平 | | | 投资者关系活动 | | 向来访人员 ...