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：2019007 | --- | --- | --- | |--------------|-------------------------|--------------------------------------------------------| | | √ | 特定对象调研 □分析师会议 | | 投资者关系活 | □ | 媒体采访 □业绩说明会 | | 动类别 | □新闻发布会 □路演活动 | | | | □ 现场参观 | □其他 | | 参与单位名称 | | 中国人保资产管理有限公司 应巧剑 | | 及人员姓名 | | | | 时 间 | 2019 年 11 月 8 | 日（上午 10:00--11:30 ） | | 地 点 | 西安市高新区西部大道 | 158 号公司会议室 | | 上市公司接待 | 董事会秘书：陈 桦 | | | 人员姓名 | 证券部：陈茂蓉、王毅 | | | 投资者关系活 | | | | 动主要内容介 | | 向来访人员介绍了公司基本情况，就公司在军工装备、通 | | 绍 | ...

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：2020003 | --- | --- | --- | |-----------------------|-------------------------------|----------------------------------------------------| | | √ | 特定对象调研 □分析师会议 | | 投资者关系活 | □ | 媒体采访 □业绩说明会 | | 动类别 | □新闻发布会 □路演活动 | | | | □ 现场参观 | □其他 | | | 长岭资产：江建军 | | | 参与单位名称 | | 杭州宁峰投资管理有限责任公司：丁伟东、刘昂昂 | | 及人员姓名 | 国信证券股份有限公司：贺东伟 | | | | 德邦证券股份有限公司：何立 | | | | | | | 时 间 | 2020 年 9 月 3 日（ | 15:00-16:00 ） | | 地 点 | 西安市高新区西部大道 | 158 号公司会议室 | | 上市公司接待 人员姓名 | 通用电子技术部部长：魏韦华 | 公 ...

Group 1: Company Overview - Xi'an Tianhe Defense Technology Co., Ltd. focuses on military products, including new generation integrated short-range defense systems and underwater unmanned detection systems [1][2] - The company is advancing its military product business as planned [2] Group 2: "Tianrong Project" Development - The "Tianrong Project" aims to create a "full-domain intelligent perception big data system" based on 5G IoT technology [2] - The project integrates various infrastructures into a smart surveillance system, covering low-altitude, ground, underwater, and electromagnetic spaces [2][3] - The project has completed its top-level design and overall plan, with the Hainan Chengmai demonstration project marking its implementation [3] Group 3: 5G Application and Future Directions - The main products in the 5G application field include RF microwave passive devices and highly integrated microwave SOC chips [3] - Future plans involve expanding the IoT front-end sensor industry based on 5G networks [3] Group 4: Chengdu Tongliang Business Progress - Chengdu Tongliang is developing small signal amplifiers and switches for wireless communication, with initial small-scale deliveries to customers [4] Group 5: M&A Considerations - The company will focus on deepening its existing main business and may consider acquisitions related to the "Tianrong Project" and military electronics if suitable targets arise [4]

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：2019009 | --- | --- | --- | |-------------------------|-------------------------------------------------|--------------------------------------------------------| | | √ 特定对象调研 □分析师会议 | | | 投资者关系活 | □ 媒体采访 □业绩说明会 | | | 动类别 | □新闻发布会 □路演活动 | | | | □ 现场参观 | □其他 | | 参与单位名称 及人员姓名 | | 天风证券股份有限公司 唐海清、容志能 | | | | | | 时 间 | 2019 年 12 月 26 | 日（上午 11:00--12:00 ） | | 地 点 | 西安市高新区西部大道 | 158 号公司会议室 | | 上市公司接待 | 董事会秘书：陈 桦 通讯电子技术部 副经理：魏韦华 | | | 人员姓名 | 证券部：王毅 | | | 投资者关系活 | ...

PAGE \* MERGEFORMAT 2 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：2019008 | --- | --- | --- | |--------------|-------------------------------------------------|--------------------------------------------------------| | | √ | 特定对象调研 □分析师会议 | | 投资者关系活 | □ 媒体采访 □业绩说明会 | | | 动类别 | □新闻发布会 □路演活动 | | | | □ 现场参观 | □其他 | | 参与单位名称 | | 中国银河证券股份有限公司 李 良 | | 及人员姓名 | 天风证券股份有限公司 许利天 | | | | | 浙江初九投资管理有限公司 李永乐 | | 时 间 | 2019 年 12 月 6 | 日（上午 10:00--11:30 ） | | 地 点 | 西安市高新区西部大道 | 158 号公司会议室 | | 上市公司接待 | 董事会秘书：陈 桦 通讯电 ...

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：2020004 | --- | --- | --- | |--------------|-------------------------|--------------------------| | | | | | | √ | 特定对象调研 □分析师会议 | | 投资者关系活 | □ | 媒体采访 □业绩说明会 | | 动类别 | □新闻发布会 □路演活动 | | | | □ 现场参观 | □其他 | | | 招商证券：岑晓翔 | | | | 博时基金：郭永升 | | | | 银华基金：陈日华、石磊 | | | | 辰翔投资：傅盈 | | | 参与单位名称 | 长城财富资管：药晓东 | | | 及人员姓名 | 汐泰资产：何亚东 | | | | 洪昌投资：林冬 | | | | 丰晋信基金：吴培文 | | | | 深圳前海互兴：庄健 | | | | 景顺长城基金：江磊 | | | 时 间 | 2020 年 9 月 10 | 日（ 14:30-16:20 ） | | 地 点 | 西安市高新区西部大道 | 158 ...

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：2019005 | --- | --- | --- | |--------------|-----------------------------|--------------------------------------------------------| | | √ 特定对象调研 □分析师会议 | | | 投资者关系活 | □ 媒体采访 □业绩说明会 | | | 动类别 | □新闻发布会 □路演活动 | | | | □ 现场参观 | □其他 | | 参与单位名称 | 广发证券股份有限公司 李 炼 | | | 及人员姓名 | | 深圳市凯丰投资管理有限公司 田明华 | | | 敦和资产管理有限公司 吴来迪 | | | 时 间 | 2019 年 5 月 30 | 日（上午 10:00--11:30 ） | | 地 点 | 西安市高新区西部大道 | 158 号公司会议室 | | 上市公司接待 | 董事会秘书：陈 桦 | | | 人员姓名 | 证券事务代表：陈茂蓉 | | | 投资者关系活 | | | | 动 ...

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：2019006 | --- | --- | --- | |-------------------------|-----------------------------|--------------------------------------------------------| | | √ 特定对象调研 □分析师会议 | | | 投资者关系活 | □ 媒体采访 □业绩说明会 | | | 动类别 | □新闻发布会 □路演活动 | | | | □ 现场参观 | □其他 | | | 兴业证券股份有限公司 张亚滨 | | | 参与单位名称 及人员姓名 | 银河基金管理有限公司 卢轶乔 | | | | 中融基金管理有限公司 骆 尖 | | | 时 间 | 2019 年 6 月 26 | 日（下午 15:00--17:00 ） | | 地 点 | 西安市高新区西部大道 | 158 号公司会议室 | | 上市公司接待 | 董事会秘书：陈 桦 | | | 人员姓名 | 证券事务代表：陈茂蓉 | | | 投资者关系活 ...

Financial Performance - Revenue for Q3 2022 was ¥100,647,975.11, a decrease of 36.99% compared to the same period last year[4] - Net profit attributable to shareholders was -¥15,910,817.58, a decline of 274.14% year-over-year[4] - The company reported a basic earnings per share of -¥0.0307, down 273.45% from the previous year[4] - Total operating revenue for Q3 2022 was CNY 341,234,767.61, a decrease of 17.4% compared to CNY 413,421,367.96 in the same period last year[36] - Net profit for Q3 2022 was a loss of CNY 43,173,105.26, compared to a loss of CNY 398,977.44 in Q3 2021[37] - The company's R&D expenses increased to CNY 72,451,036.55, up 24.5% from CNY 58,193,896.58 in the previous year[37] - The total comprehensive income attributable to the parent company was -33,104,839.44 CNY, compared to 1,480,542.97 CNY in the previous period[38] - Basic and diluted earnings per share were both -0.064 CNY, compared to 0.0029 CNY in the previous period[38] Assets and Liabilities - Total assets at the end of Q3 2022 were ¥2,623,780,441.36, an increase of 3.20% from the end of the previous year[5] - Total liabilities increased to CNY 678,511,930.48, compared to CNY 558,920,989.44 in the same period last year[34] - The total equity attributable to shareholders of the parent company decreased to CNY 1,944,198,289.52 from CNY 1,977,440,510.33 in the previous year[34] - Long-term borrowings increased by 489.32% to ¥226,578,619.65, primarily for the construction of a 5G communication industrial park[10] Cash Flow - The company’s cash flow from operating activities was -¥110,351,035.13, a significant decrease of 622.65%[4] - Cash received from operating activities decreased by 44.90% to ¥35,219,758.30, mainly due to a reduction in VAT refunds[11] - Cash paid for purchasing goods and services decreased by 30.00% to ¥279,187,777.84, in line with the decrease in sales revenue[11] - The net cash flow from operating activities was -110,351,035.13 CNY, a significant decrease from 21,113,890.18 CNY in the previous period[41] - Cash inflow from operating activities totaled 420,572,770.03 CNY, down 41.9% from 724,251,558.64 CNY in the previous period[41] - Cash outflow from operating activities was 530,923,805.16 CNY, compared to 703,137,668.46 CNY in the previous period[41] Fundraising and Share Issuance - The company reported a total of 1,962,066 shares issued for fundraising, with the lock-up period lifted on March 8, 2022[19] - The total amount raised through these fundraising efforts is significant, indicating strong investor interest in the company's growth potential[20] - The company is actively managing its capital structure through these fundraising initiatives, which may support future expansion and development projects[19] - The company has seen a consistent increase in fundraising activities, with multiple funds contributing to the total share issuance[19] Investment Projects - The company plans to invest CNY 16.9981 billion in the construction of the 5G Communication Industrial Park project in Xi'an High-tech Zone[23] - The investment for the Tianrong Big Data (Xi'an) Computing Center project is estimated at CNY 21.5536 billion for the first phase, which includes CNY 6.5981 billion from the original investment surplus[24] - The company aims to produce 5G communication electronic products and dual-use military-civilian products at the 5G Communication Industrial Park[23] - The company plans to invest approximately 1.2 billion RMB in the first phase of the microwave ferrite and ceramic materials project, with a construction period of 21 months[28] Operational Challenges and Future Plans - The company is actively advancing the construction of the 5G communication industrial park, which has faced delays due to various factors, including the pandemic[26] - The company is coordinating with various parties to expedite the 5G communication industrial park project to ensure timely completion and operation[26] - Future performance guidance indicates a projected revenue growth of 15% year-over-year for the next fiscal year[17] - The company plans to increase investment in the 5G communication industrial park project, leading to a 280.38% increase in cash paid for fixed asset construction to ¥285,711,766.29[11]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥240,586,792.50, a decrease of 5.16% compared to ¥253,681,588.96 in the same period last year[20]. - The net profit attributable to shareholders was a loss of ¥17,194,021.86, representing a decline of 124.58% from a loss of ¥7,656,205.40 in the previous year[20]. - The net cash flow from operating activities was negative at ¥61,083,860.47, a significant decrease of 196.66% compared to a positive cash flow of ¥63,197,800.23 in the same period last year[20]. - The total assets at the end of the reporting period were ¥2,575,836,584.32, an increase of 1.32% from ¥2,542,399,986.95 at the end of the previous year[20]. - The net assets attributable to shareholders decreased by 0.87% to ¥1,960,227,933.79 from ¥1,977,440,510.33 at the end of the previous year[20]. - The basic and diluted earnings per share were both reported at -¥0.03, a decrease of 50.00% compared to -¥0.02 in the same period last year[20]. - The company reported a non-operating loss of ¥24,087,869.06 after deducting non-recurring gains and losses, which is a 9.94% increase in loss compared to the previous year[20]. - The weighted average return on net assets was -0.87%, a decrease of 0.25% from -0.62% in the previous year[20]. - The company received government subsidies amounting to ¥7,715,804.32 during the reporting period, which are closely related to its normal operations[24]. Business Strategy and Development - The company has established three major business systems: military equipment, communication electronics, and next-generation integrated electronic information, focusing on five key business segments[28]. - The military equipment segment includes core products such as portable air defense missile command systems and battlefield communication command systems, with a focus on low-altitude defense and smart coastal defense[29]. - The 5G RF segment aims to develop and produce RF chips and modules for wireless infrastructure and smart terminal markets, addressing the growing demand in 4G/5G and IoT technologies[30]. - The company is actively expanding its IoT sensing capabilities, promoting "5G light networking" products for smart cities and providing health and safety management solutions[31]. - The company is focusing on the development of a new generation of integrated electronic information business, "Tianrong Project," which emphasizes military-civilian dual-use big data services[51]. - The company is actively exploring business transformation and upgrading, with a focus on the "Sky-Ground-Water-People" integrated IoT perception network[51]. - The company aims to enhance its product innovation and expand its business scope in response to a slowdown in 5G base station construction investments and decreased demand from major domestic clients[44]. - The company is committed to enhancing its digital ocean business, focusing on autonomous marine platforms and high-performance environmental perception technologies[55]. - The company is focusing on key core technology research and application scenario cultivation to strengthen its market position[51]. Research and Development - The company has increased R&D investment, focusing on three main product categories: RF transceiver chips/modules for base stations, wireless communication RF chips/modules, and intelligent sensing chips[42]. - The company's R&D investment increased by 4.85% to ¥63,829,199.76, reflecting a commitment to technological innovation[76]. - The company filed 19 patent applications and obtained 17 authorized patents during the reporting period, demonstrating a strong commitment to innovation and technology development[64]. - The company has established research and development centers in major cities, ensuring a strong talent pool for future growth[73]. Market Trends and Opportunities - The global semiconductor market grew from USD 291.9 billion in 2012 to USD 501 billion in 2020, with a CAGR of 4.97%, indicating a robust growth trajectory for the RF chip sector[41]. - The RF front-end market is projected to grow at a CAGR of 16.00% from 2018 to 2023, reaching approximately USD 31.31 billion, driven by the commercialization of 5G networks[41]. - The IoT industry in China is expected to exceed 2 trillion yuan in 2022, with a compound annual growth rate of 14.1% projected until 2025[52]. - The "14th Five-Year Plan" outlines a cumulative investment of 3.7 trillion yuan in information communication infrastructure by 2025, with an expected annual growth rate of 10% in the industry revenue[44]. - The high-performance computing market is projected to grow at a CAGR of 9.44% from 2021 to 2026, indicating strong demand for advanced IC substrates[45]. Financial Management and Investments - The company has a remaining balance of 39,120.48 million CNY in its entrusted financial management, with no overdue amounts reported[99]. - The company reported a total derivative investment amount of $7,111.62 million, with a net asset ratio of 0.00%[102]. - The company engaged in foreign exchange hedging with a total of $787 million in transactions during May 2022, resulting in a minor loss of $0.16 million[102]. - The company plans to limit its foreign exchange hedging business to a total amount not exceeding $20 million to mitigate risks[102]. - The company has implemented strict approval processes for foreign exchange hedging transactions to minimize operational risks[102]. Legal and Compliance - The company has not reported any significant environmental violations or penalties during the reporting period, maintaining compliance with environmental regulations[134]. - The company has no significant related party transactions or joint investments during the reporting period[161][162]. - The company did not have any violations regarding external guarantees during the reporting period[152]. - The company has successfully reached a settlement of 380 million CNY with a debtor in a separate case, demonstrating effective debt recovery strategies[157]. Social Responsibility and Employee Welfare - During the pandemic, the company prioritized employee health and safety, implementing measures such as free mask distribution and regular health monitoring[138]. - The company provided essential supplies to employees during the pandemic, including rice, flour, oil, and vegetables, to alleviate their concerns[139]. - The company actively participates in social responsibility initiatives, including tax compliance and community support through donations and educational programs[142]. - The company donated over 100,000 yuan worth of anti-epidemic supplies to local authorities during the pandemic, demonstrating its commitment to social responsibility[143]. Future Outlook - The company has outlined a future outlook with a projected revenue growth rate of 15% for the next fiscal year[196]. - The company plans to launch two new products in the next quarter, expected to contribute an additional 50 million in revenue[196]. - The company has set a performance guidance for 2023, targeting a revenue growth of 25%[199]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its product offerings[196].