证券代码：300627 证券简称：华测导航 公告编号：2020-011 上海华测导航技术股份有限公司 关于举办投资者接待日活动的公告 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，不存在虚 假记载、误导性陈述或重大遗漏。 为更好与投资者沟通交流，便于广大投资者深入全面地了解公司情况，上海 华测导航技术股份有限公司拟举办投资者接待日活动，现将有关事项公告如下： 1、接待时间：2020年4月29日（星期三）10:30-12:00 2、接待地点：上海市青浦区高泾路599号D楼三层301会议室 3、公司主要参与人员：副总经理、董事会秘书杨云女士 4、接待登记预约：参与接待活动的投资者请于"投资者接待日"前2个工作日 与公司证券部联系，填写完成附件一登记表，以便接待登记和安排。 联系人：田雪 电话：021-64950939 传真：021-64851208 电子邮箱：huace@huace.cn 5、请来访个人投资者及机构投资者代表携带个人身份证原件及复印件，公 司将对来访投资者的上述证明性文件进行查验并存档复印件，以备监管机构查阅。 6、公司将按照深圳证券交易所的规定，要求来访投资者签署相关《承诺书》。 7 ...

Financial Performance - Operating revenue for the reporting period was ¥238,072,366.10, representing an increase of 18.43% year-on-year[7]. - Net profit attributable to shareholders of the listed company reached ¥24,183,894.86, up by 14.09% compared to the same period last year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥23,343,398.46, a significant increase of 75.78% year-on-year[7]. - Basic earnings per share for the reporting period were ¥0.1005, reflecting a growth of 13.05% compared to the same period last year[7]. - The company reported a total revenue of 1.5 billion RMB for Q3 2019, representing a year-over-year increase of 15%[40]. - The company reported a total revenue of 28,969,023,000 CNY for the third quarter of 2019, representing a year-over-year increase of 32.40%[70]. - The net profit for the current period was ¥24,060,449.41, compared to ¥21,256,574.99 in the previous period, marking an increase of 8.5%[102]. - The total comprehensive income for the current period was ¥24,289,984.73, compared to ¥21,439,109.82 in the previous period, an increase of 13.0%[106]. - The company's total revenue for the current period reached ¥649,277,384.54, an increase of 10.55% compared to ¥587,345,987.95 in the previous period[125]. - Net profit for the current period was ¥109,744,525.42, representing a 31.93% increase from ¥83,278,055.70 in the previous period[128]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,338,031,997.79, a decrease of 3.51% compared to the end of the previous year[7]. - Total current assets decreased from ¥1,240,746,557.32 to ¥1,112,930,256.71, a decline of approximately 10.3%[82]. - Total liabilities decreased from ¥508,251,525.10 to ¥392,403,712.09, a reduction of about 22.8%[85]. - The company's equity attributable to shareholders rose from ¥865,020,764.59 to ¥922,009,745.43, an increase of about 6.6%[88]. - Total liabilities decreased to ¥396,290,520.47 from ¥495,576,022.36, a reduction of 20.0%[98]. - The total equity of the company increased to ¥989,721,226.19 from ¥893,311,794.76, representing a growth of 10.8%[98]. - The total assets and liabilities combined were $1,388,887,817.12[166]. Cash Flow - The company reported a net cash flow from operating activities of -¥83,693,107.50 for the year-to-date[7]. - Cash and cash equivalents decreased by RMB 174.44 million, a decline of 42.38% compared to the beginning of the year, primarily due to increased cash payments for long-term asset acquisitions[22]. - Cash flow from operating activities was negative at -¥83,693,107.50, an improvement from -¥226,999,493.01 in the previous period[135]. - Net cash flow from operating activities was -CNY 79,079,518.69, improving from -CNY 197,070,349.90 year-over-year[143]. - Cash inflow from financing activities was CNY 90,000,000.00, significantly higher than CNY 30,000,000.00 in the previous period[143]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,656[11]. - The largest shareholder, Zhao Yanping, holds 24.00% of the shares, totaling 58,524,044 shares[11]. - The controlling shareholder, Zhao Yanping, directly holds 32.40% of the company's shares and indirectly holds an additional 28.79% through other investments[44]. - The company has committed to ensuring financial independence and preventing any misuse of funds or assets through related party transactions[47]. Strategic Initiatives - The company is investing 200 million RMB in R&D for new technologies aimed at enhancing user experience and operational efficiency[30]. - Market expansion plans include entering two new international markets by Q2 2020, targeting a 15% increase in overall sales[32]. - The company is considering strategic acquisitions to bolster its technology portfolio, with a budget of up to 500 million RMB allocated for potential deals[29]. - New product launches included a next-generation navigation system, projected to increase market share by 5% in the upcoming year[29]. Compliance and Governance - The management emphasized the importance of compliance with regulatory requirements to mitigate risks associated with market fluctuations[40]. - The company will adhere to relevant laws and regulations regarding share repurchases to protect the interests of minority shareholders[47]. - The company has committed to a stock repurchase plan to stabilize share prices, which will be initiated within 2 working days after the occurrence of specific conditions, requiring approval from the shareholders' meeting[50]. - The company will accept supervision from regulatory authorities and the public regarding its commitments and will bear corresponding responsibilities for any violations[59].

Financial Performance - The company reported a total revenue of RMB 200 million for the first half of 2019, representing a year-on-year increase of 15%[18]. - The net profit attributable to shareholders was RMB 30 million, up 10% compared to the same period last year[18]. - Total revenue for the reporting period was ¥461,103,753.84, an increase of 8.26% compared to ¥425,911,671.80 in the same period last year[26]. - Net profit attributable to shareholders was ¥45,923,669.50, reflecting a growth of 3.51% from ¥44,368,366.25 year-on-year[26]. - Basic earnings per share increased by 2.69% to ¥0.1911 from ¥0.1861 year-on-year[26]. - The gross margin for the first half of 2019 was reported at 40%, a slight decrease from 42% in the previous year[18]. - The company achieved operating revenue of RMB 461.10 million, an increase of 8.26% compared to the same period last year[62]. - The net profit attributable to shareholders was RMB 45.92 million, reflecting a growth of 3.51% year-on-year[62]. - The net asset value per share attributable to ordinary shareholders increased by 2.74% to 3.7278 CNY per share from 3.6284 CNY per share at the beginning of the reporting period[189]. Investment and R&D - The company plans to invest RMB 50 million in research and development for new technologies and products in the next fiscal year[18]. - Research and development investment reached RMB 70.41 million, up 33.87% from the previous year, focusing on high-precision satellite navigation technology[65]. - The company is focused on GNSS application technology research and product development, aiming to be a leader in the high-precision satellite positioning industry[36]. - The company is actively exploring new technology applications in the spatiotemporal geographic information field, including holographic measurement and big data analysis[37]. - The company has developed a series of autonomous products, including drones and unmanned boats, integrating Beidou technology with unmanned systems for innovative applications[38]. - The company emphasizes maintaining high investment in product R&D to sustain core technological advantages and enhance competitiveness[98]. Market Expansion - User data indicates a growth of 20% in active users of the company's navigation products[18]. - The company is expanding its market presence in Southeast Asia, targeting a 25% increase in market share by the end of 2020[18]. - The company has built a nationwide marketing system with 29 wholly-owned subsidiaries and 10 overseas subsidiaries, supporting its market expansion efforts[47]. - The company expanded its international market presence, with foreign revenue increasing by 26.19% year-on-year[66]. - The company is actively exploring new markets in emergency response, transportation, and mining for mobile surveying solutions[55]. Financial Health and Assets - The company reported a net cash flow from operating activities of -¥112,647,169.53, an improvement from -¥162,655,729.01 in the same period last year[26]. - Total assets at the end of the reporting period were ¥1,409,978,333.14, up 1.68% from ¥1,386,654,097.60 at the end of the previous year[26]. - Cash and cash equivalents at the end of the reporting period were 370,049,256.26, making up 26.25% of total assets, an increase of 3.74% from the previous year[70]. - Accounts receivable totaled 476,422,288.07, representing 33.79% of total assets, with a 0.97% increase from the previous year[70]. - Inventory stood at 180,710,455.44, accounting for 12.82% of total assets, showing a decrease of 0.62% from the previous year[70]. Corporate Governance and Compliance - The company is committed to enhancing internal control levels and improving governance structures to mitigate risks associated with investments and acquisitions[103]. - The company has established a strategy to ensure compliance with legal regulations regarding shareholding and changes in shareholding for its major shareholders[110]. - The company emphasizes the importance of effective resource and business integration post-acquisition to realize synergies and enhance operational efficiency[103]. - The company has made commitments regarding shareholding and transfer restrictions, including a lock-up period of 36 months for major shareholders following the stock issuance[107]. - The company has established a framework to ensure financial independence and prevent asset encroachment by controlling shareholders[128]. Shareholder Commitments and Rights - The company reported a commitment to not reduce its shareholding within three years post-IPO, and thereafter, any reduction will not exceed 5% of the total share capital annually[116]. - The company will disclose any share reduction plans at least 15 trading days in advance if it intends to reduce shares through centralized bidding on the Shenzhen Stock Exchange[116]. - The company has established a commitment to maintain transparency in its shareholding changes and cooperate with the company's disclosure requirements[116]. - The company has committed to ensuring that measures to mitigate the dilution of immediate returns from the initial public offering are effectively implemented[149]. - The company has engaged multiple parties, including Guangfa Securities and Lixin Accounting Firm, to ensure the accuracy of the documents related to the IPO, with commitments to compensate investors for any losses caused by false records or misleading statements[143]. Risks and Challenges - The company faces risks related to reduced government subsidies, which could adversely affect R&D investment and operational performance[100]. - The company plans to actively apply for various government research projects to mitigate risks associated with reduced funding[100]. - The company is in the process of applying for an initial public offering (IPO) on the ChiNext board, indicating plans for future capital raising[123]. - The company has committed to timely proposing a share repurchase plan if the prospectus for the IPO contains false records, misleading statements, or significant omissions that materially affect the judgment of whether the company meets the legal issuance conditions[143].

Financial Performance - Total revenue for Q1 2019 was ¥188,172,583.21, representing a 21.26% increase compared to ¥155,185,216.12 in the same period last year[7]. - Net profit attributable to shareholders for Q1 2019 was ¥18,301,533.43, a significant increase of 56.06% from ¥11,727,139.78 in the previous year[7]. - Basic earnings per share for Q1 2019 was ¥0.0763, up 55.08% from ¥0.0492 in the same period last year[7]. - The company achieved total operating revenue of 188.17 million yuan, an increase of 21.26% compared to the same period last year[30]. - The net profit attributable to shareholders of the listed company was 18.30 million yuan, representing a growth of 56.06% year-on-year[30]. - The total operating profit for the period was 36,777,387.39, compared to 10,759,766.20 in the previous period, representing an increase of approximately 241%[136]. - The net profit for the period reached 34,491,296.59, significantly up from 10,768,428.21 in the prior period, indicating a growth of around 220%[136]. - The total comprehensive income for the period was 34,491,296.59, compared to 10,768,428.21 in the previous period, reflecting a substantial increase[139]. Assets and Liabilities - Total assets at the end of Q1 2019 reached ¥1,349,752,554.60, an 18.30% increase from ¥1,140,981,628.51 at the end of the previous year[7]. - Total current assets decreased from ¥1,240,746,557.32 to ¥1,150,061,621.49, a decline of approximately 7.3%[108]. - Total non-current assets increased from ¥145,907,540.28 to ¥199,690,933.11, an increase of approximately 36.8%[108]. - Total liabilities decreased from ¥508,251,525.10 to ¥419,577,603.98, a decline of approximately 18.0%[111]. - Owner's equity increased from ¥878,402,572.50 to ¥930,174,950.62, an increase of approximately 5.9%[114]. - The total equity of the company increased to ¥962,289,649.62 from ¥893,311,794.76, marking a rise of 7.7%[124]. Cash Flow - The company reported a net cash flow from operating activities of -¥126,664,866.09 for Q1 2019, slightly worse than -¥122,010,432.58 in the same period last year[7]. - Cash inflows from operating activities amounted to 192,873,903.59, up from 155,351,900.60 in the previous period, marking an increase of approximately 24%[142]. - Cash outflows from operating activities totaled 319,538,769.68, compared to 277,362,333.18 in the prior period, resulting in a net cash flow from operating activities of -126,664,866.09[142]. - The cash flow from investing activities was -36,447,034.91, a decrease from 40,549,870.38 in the previous period, indicating a shift in investment strategy[146]. - The cash and cash equivalents at the end of the period were 215,285,234.89, down from 320,968,766.88, showing a reduction in liquidity[154]. Shareholder Commitments - The company has a commitment from its major shareholder, Zhao Yanping, to not transfer shares for 36 months post-IPO, with specific conditions for extending the lock-up period if stock performance is poor[36]. - The company has established a framework for managing shareholder commitments to ensure stability and compliance with regulations[39]. - The commitments made by shareholders include provisions for the company to retain proceeds from any violations of share transfer agreements[39]. - The company is focused on maintaining transparency and compliance with legal obligations regarding shareholding and transfers[39]. - The company has committed to ensuring the fulfillment of its obligations and will strictly comply with any judicial or administrative decisions made due to violations of these commitments[75]. Investment and R&D - Research and development expenses increased by 10.35 million yuan, a rise of 45.90%, reflecting the company's ongoing commitment to R&D investment[28]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[130]. - The company has invested 1,369.64 million RMB in the current quarter, bringing the cumulative investment to 18,206.47 million RMB[91]. - The "Beidou High-Precision Terminal Production Technology Transformation Project" has a completion rate of 46.17% with an investment of 4,719.7 million RMB[91]. - The "Beidou Displacement Monitoring System" project has a completion rate of 57.12% with an investment of 2,478.4 million RMB[91].

Financial Performance - The company's operating revenue for 2018 was ¥952,045,274.67, representing a 40.39% increase compared to ¥678,153,189.05 in 2017[26]. - The net profit attributable to shareholders for 2018 was ¥105,144,924.39, a decrease of 18.56% from ¥129,106,519.64 in 2017[26]. - The net cash flow from operating activities for 2018 was -¥26,055,000.85, a decline of 132.67% compared to ¥79,743,357.75 in 2017[26]. - The total assets at the end of 2018 amounted to ¥1,386,654,097.60, reflecting a 20.51% increase from ¥1,150,694,847.83 at the end of 2017[26]. - The basic earnings per share for 2018 was ¥0.441, down 23.70% from ¥1.155 in 2017[26]. - The company reported a net profit of ¥39,579,960.72 in Q4 2018, which was the highest quarterly profit for the year[28]. - The company achieved operating revenue of 952.05 million yuan, a year-on-year increase of 40.39%[44]. - The net profit attributable to shareholders was 105.14 million yuan, a year-on-year decrease of 18.56%[44]. - The company achieved a main business revenue of 952.05 million yuan, a year-on-year increase of 40.39%[68]. - Revenue from data collection equipment reached 673.61 million yuan, growing by 35.24% compared to the previous year[68]. - Revenue from data application and system solutions was 278.43 million yuan, reflecting a significant increase of 54.62% year-on-year[68]. Research and Development - The company invested 132.55 million yuan in R&D, a 74.57% increase from the previous year[60]. - The company is actively investing in key R&D projects, including high-precision positioning and navigation technologies[67]. - The company established a new R&D center in Nanjing to enhance its technological capabilities[53]. - The company plans to enhance its R&D capabilities for high-precision GNSS receivers and GIS data collection equipment, aiming to strengthen its market position[119]. - The company will explore new technology applications, including remote sensing measurement products and mechanical automation control, as key growth areas in the next three years[119]. - The company has applied for over 850 intellectual property rights, including nearly 600 patents[53]. Market Strategy and Expansion - The company is focused on expanding its market presence and enhancing its product offerings, particularly in the field of satellite navigation technology[19]. - The company aims to become a leader in the global high-precision satellite positioning industry, with a focus on data collection equipment and system solutions[38]. - The company aims to enhance competitiveness in emerging markets such as mobile surveying and marine surveying[47]. - The company plans to strengthen R&D, production, and marketing capabilities to increase market share[48]. - The company aims to expand its overseas market presence while increasing its domestic market share in high-precision satellite navigation products[119]. Profit Distribution - The company reported a profit distribution plan to distribute cash dividends of 2.00 RMB per 10 shares (including tax) to all shareholders, totaling no more than 246,315,320 RMB[7]. - The profit distribution policy emphasizes a minimum cash dividend of 15% of the distributable profit for the year, with higher percentages for mature stages without major capital expenditures[142]. - The company plans to maintain a stable and continuous profit distribution policy, considering factors such as business development goals and external financing environment[142]. - The total distributable profit for 2018 is RMB 303,254,818.18, after deducting the statutory surplus reserve and the dividend amount[151]. - The company did not issue any bonus shares or conduct capital reserve transfers in 2018, maintaining a focus on cash dividends[150][155]. - The company plans to distribute a cash dividend of RMB 2.0 per 10 shares (including tax), totaling RMB 49,263,064.00 for the year 2018, which represents 46.85% of the net profit attributable to shareholders[150][151][155]. Governance and Compliance - The company emphasizes the importance of risk awareness regarding forward-looking statements in the annual report, indicating potential discrepancies between plans, forecasts, and commitments[6]. - The company’s financial report is guaranteed to be true, accurate, and complete by the board of directors and senior management, ensuring accountability for any misrepresentation[5]. - The company has confirmed that there are no significant changes in the feasibility of its investment projects, maintaining a stable investment outlook[109]. - The company has engaged in strategic partnerships to enhance its market position and ensure compliance with shareholder regulations[162]. - The company has established a framework for managing shareholder equity that aligns with regulatory requirements and corporate governance standards[162]. Shareholder Commitments - The company has committed to a 36-month lock-up period for shares held by major shareholders following the IPO, with specific conditions for extension if stock prices fall below the issue price[159]. - Major shareholders are restricted from transferring or managing their shares for 36 months post-IPO, with penalties for violations including forfeiture of proceeds from any sales[162]. - The company has established a stock price stabilization plan for three years post-IPO, which includes share buybacks if the stock price falls below the latest audited net asset value for 20 consecutive trading days[186]. - The company’s stock lock-up commitments are designed to maintain market stability and investor confidence[168]. - The company has committed to transparency in reporting any changes in shareholdings by directors and senior management[162].

Financial Performance - Total assets at the end of the reporting period reached ¥1,211,419,584.57, an increase of 5.28% compared to the previous year[7] - Net assets attributable to shareholders of the listed company amounted to ¥827,583,649.96, reflecting a growth of 7.02% year-on-year[7] - Operating revenue for the reporting period was ¥201,025,559.78, representing a 32.63% increase compared to the same period last year[7] - Net profit attributable to shareholders of the listed company was ¥21,196,597.42, a decrease of 29.09% year-on-year[7] - Basic earnings per share for the reporting period was ¥0.0889, down 31.30% compared to the same period last year[7] - The weighted average return on net assets was 2.60%, a decrease of 1.86% year-on-year[7] - Operating revenue increased by 198.81 million CNY, a growth of 46.44%, mainly due to a 39.48% increase in data collection equipment business and a 74.78% increase in data application and solution business[17] - Operating costs increased by 94.28 million CNY, a rise of 48.46%, in line with the growth in operating revenue[17] - Research and development expenses increased by 37.55 million CNY, a growth of 70.34%, reflecting increased investment in R&D[17] - The company reported a total revenue of 89.4 million shares outstanding, with major shareholders holding significant stakes: Zhao Yanping at 32.40%, Shangyu Investment at 20.83%, and Daye Investment at 18.52%[35] Cash Flow and Assets - The company reported a net cash flow from operating activities of -¥226,999,493.01 for the year-to-date[7] - Cash and cash equivalents decreased by 194.95 million CNY, a decline of 45.82%, due to increased cash requirements for business expansion[15] - Accounts receivable increased by 215.41 million CNY, a growth of 100.02%, primarily driven by the increase in main business revenue[15] - Inventory rose by 69.95 million CNY, an increase of 68.40%, attributed to the growth in main business revenue and the need for raw materials and finished goods[15] - The company's cash and cash equivalents decreased from CNY 425.48 million at the beginning of the period to CNY 230.53 million at the end of the period, a decline of approximately 45.7%[44] - Accounts receivable increased significantly from CNY 215.36 million to CNY 430.77 million, representing a growth of about 99.9%[44] - Inventory rose from CNY 102.28 million to CNY 172.23 million, marking an increase of approximately 68.3%[44] Shareholder Commitments and Governance - The company reported a commitment to not transfer or manage shares for 36 months post-IPO, ensuring shareholder stability[22] - The company has a share reduction commitment where no more than 5% of total shares can be sold in any given year after the initial three years[23] - The company will not reduce shares if under investigation by regulatory authorities or if penalized within the last six months[23] - The company will disclose any share reduction plans 15 trading days in advance and limit sales to 1% of total shares within three months[23] - The company has committed to complying with all relevant laws and regulations regarding shareholder obligations[22] - The company will ensure that any profits from unauthorized share reductions will be returned to the company[22] - The company has established a clear timeline for share reduction, with specific conditions outlined for post-IPO transactions[23] - The company will actively cooperate with information disclosure during any share reduction process[23] - The company has outlined penalties for non-compliance with share reduction commitments, including potential compensation for losses incurred by investors[23] - The company has committed to maintaining transparency and integrity in its shareholder practices[22] Market Expansion and Future Plans - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share by the end of 2019[29] - New product launches are expected to contribute an additional RMB 300 million in revenue in Q4 2018[28] - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market reach[29] - Future guidance suggests a revenue target of RMB 5 billion for the full year 2018, reflecting a growth rate of 20%[28] - The company is considering potential acquisitions to bolster its technology portfolio and market position, with a budget of 100 million RMB for M&A activities[33] Compliance and Legal Obligations - The company has committed to compensating investors for losses caused by non-compliance with the shareholding commitments, barring uncontrollable circumstances[24] - The company will take legal measures to fulfill all commitments made during the IPO process and accept oversight from regulatory bodies and investors[31] - In case of false statements in the prospectus, the company will repurchase all newly issued shares at market price[31] - The company will compensate investors for losses incurred due to misleading statements in the prospectus, with details to be determined at the time of occurrence[31] - The company is committed to fulfilling its obligations under the relevant laws and regulations, ensuring the protection of investor rights[34] Research and Development - Research and development expenses increased to ¥90,940,186.18, up 70.3% from ¥53,386,975.21 year-over-year, indicating a strong focus on innovation[60] - The company has allocated 50 million RMB for R&D in 2019, focusing on advanced positioning technologies[33]

Government Support and Risks - The company reported a significant focus on high-precision satellite navigation applications, with ongoing government support being crucial for maintaining profitability and growth [6]. - The company is at risk of reduced government subsidies, which could negatively impact research and development investments and operational performance if future applications for research projects decrease [9]. - The company recognizes the potential impact of reduced government support on its operational growth and is focused on achieving profitability through its core business [9]. - The company anticipates potential risks in market and operational performance due to possible reductions in government policy support for the high-precision satellite navigation industry [77]. Research and Development - The company plans to maintain high investment in product research and development, emphasizing a business model that integrates "data collection equipment + data application and solutions" to enhance competitiveness [6]. - The company is committed to continuous technological innovation, which is essential for expanding its product range and improving performance [7]. - Research and development investment totaled CNY 52.60 million, an increase of 69.26% compared to the previous year, with 15 new authorized patents granted during the reporting period [46]. - Investment in R&D for new technologies increased by 30% year-on-year, totaling 300 million RMB [87]. - Ongoing research and development efforts are focused on enhancing navigation technology, with a budget allocation of 150 million RMB for 2018 [91]. Financial Performance - The company achieved total operating revenue of CNY 425,911,671.80, representing a 54.01% increase compared to the same period last year [25]. - Net profit attributable to shareholders was CNY 44,368,366.25, up 29.81% year-over-year [25]. - The net profit after deducting non-recurring gains and losses was CNY 32,172,759.98, reflecting a 20.71% increase from the previous year [25]. - The company reported a basic earnings per share of CNY 0.1861, which is a 13.54% increase from the previous year [25]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the first half of 2018, representing a year-on-year growth of 25% [91]. Market Expansion and Competitiveness - The company is expanding its market presence in emerging fields such as drone surveying and marine surveying, enhancing product competitiveness [35]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2019 [86]. - A strategic acquisition of a local competitor is anticipated to enhance the company's product offerings and customer base, expected to be finalized by Q4 2018 [87]. - The company is focusing on enhancing customer service and support, aiming for a customer satisfaction rate of over 90% by the end of 2018 [87]. Operational Efficiency and Investments - The company is committed to improving its marketing system and operational efficiency to boost overall profitability [36]. - The company has established a strong marketing network with 28 wholly-owned subsidiaries and 5 overseas subsidiaries, enhancing its market presence and service capabilities [41]. - The company has invested RMB 1,727.75 million (37.32%) in the Beidou high-precision terminal production technology renovation project [68]. - The company plans to maintain its focus on core business operations to achieve operational profit growth despite potential reductions in government subsidies [80]. Shareholder Commitments and Governance - The company will not distribute cash dividends or issue bonus shares, indicating a focus on reinvestment [10]. - The company has fulfilled all commitments related to shareholding and stock transfer restrictions during the reporting period [85]. - The company commits to minimizing and avoiding related party transactions with its controlling shareholder and actual controller [94]. - The company emphasizes compliance with relevant laws and regulations regarding related party transactions [94]. Cash Flow and Financial Management - The company's cash and cash equivalents at the end of the reporting period were CNY 273.13 million, a decrease of 35.81% compared to the beginning of the year, primarily due to the expansion of business operations during the reporting period [37]. - The company reported a net cash outflow from operating activities of ¥162,655,729.01, attributed to increased cash payments for goods and services as business scales up [52]. - The total cash outflow for operating activities was 638,105,291.83 CNY, which is a significant increase compared to 331,086,223.36 CNY in the previous period [171]. - The company’s operational cash flow showed a negative trend, with a net cash flow deficit of 162,655,729.01 CNY, highlighting potential operational inefficiencies [171]. Corporate Structure and Shareholding - Zhao Yanping directly holds 28,969,022 shares, accounting for 32.40% of the company's total share capital before issuance, making him the controlling shareholder [94]. - The company has a total of 36 subsidiaries, including 30 wholly-owned subsidiaries, enhancing its operational capacity and market reach [193]. - The total number of ordinary shareholders at the end of the reporting period is 18,216 [137]. - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period [140].

上海华测导航技术股份有限公司 2018 年第一季度报告全文 上海华测导航技术股份有限公司 2018 年第一季度报告 2018-027 2018 年 04 月 1 上海华测导航技术股份有限公司 2018 年第一季度报告全文 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。 公司负责人赵延平、主管会计工作负责人高占武及会计机构负责人(会计主 管人员)王诚刚声明：保证季度报告中财务报表的真实、准确、完整。 2 上海华测导航技术股份有限公司 2018 年第一季度报告全文 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 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业总收入（元） | 155,185,216.12 | 99,894,507.24 | 55.35% | | 归属于上市公司股东的净利润（元） | 11,727 ...

Financial Performance - The company's operating revenue for 2017 was ¥678,153,189.05, representing a 40.68% increase compared to ¥482,067,753.13 in 2016[26]. - The net profit attributable to shareholders for 2017 was ¥129,106,519.64, up 26.45% from ¥102,097,879.80 in 2016[26]. - The net profit after deducting non-recurring gains and losses was ¥99,362,423.59, a 44.70% increase from ¥68,666,026.50 in 2016[26]. - The net cash flow from operating activities was ¥79,743,357.75, which is a 32.00% increase from ¥60,412,435.78 in 2016[26]. - The total assets at the end of 2017 reached ¥1,150,694,847.83, a 129.06% increase from ¥502,361,021.98 at the end of 2016[26]. - The net assets attributable to shareholders increased by 151.61% to ¥773,302,987.04 from ¥307,336,438.24 in 2016[26]. - The basic earnings per share for 2017 was ¥1.155, a slight increase of 1.14% from ¥1.142 in 2016[26]. - The diluted earnings per share for 2017 was ¥1.154, up 1.05% from ¥1.142 in 2016[26]. - The weighted average return on equity for 2017 was 20.79%, down from 37.24% in 2016, indicating a decrease of 16.45%[26]. - The quarterly revenue for Q4 2017 was ¥250,029,129.52, contributing significantly to the annual growth[28]. Research and Development - The company plans to maintain high investment in product research and development, focusing on the "data collection equipment + data application and solution" business model[5]. - The company emphasizes the importance of retaining core technical personnel to maintain its competitive edge in the high-precision satellite navigation industry[9]. - The company is committed to continuous technological innovation to avoid losing market competitiveness in the high-precision satellite navigation sector[7]. - The company plans to actively apply for government research projects to secure funding and support for its core business operations[11]. - Research and development investment reached ¥7,593,000, an increase of 59.56% compared to the previous year[58]. - The company added 50 new authorized patents, including 12 invention patents, and received over ¥40 million in government research project funding[53]. - The company holds 113 authorized patents and 127 software copyrights, indicating a strong R&D capability[45]. - The company aims to enhance its R&D capabilities for high-precision mainboards/chips and expand the application of satellite navigation products across various industries[98]. - The company will continue to invest in R&D for high-precision core components and GNSS receivers, aiming to improve product competitiveness and increase customer loyalty through integrated solutions[101]. Market and Competition - The company faces risks related to market demand fluctuations, particularly in the high-precision satellite navigation equipment sector, which is closely tied to infrastructure construction cycles[6]. - The company acknowledges the risk of market competition increasing in the domestic satellite navigation equipment market, which may affect its market share[4]. - The company is focusing on expanding into emerging markets such as drone surveying and marine surveying[41]. - The company’s technology innovation and market expansion are key drivers of its growth strategy[41]. - The company aims to achieve a revenue target of 950 million yuan in 2018, representing a 40% increase year-over-year, and a net profit target of 170 million yuan, reflecting a 30% growth compared to the previous year[101]. - The company will enhance its marketing network and international market expansion, responding to the "military-civilian integration" policy to increase its presence in the military market[100]. - The company will actively pursue overseas business expansion, aligning with the national "Belt and Road" strategy to increase product visibility and form international orders[103]. Investment and Financial Strategy - The company is investing in several projects, including the production technology transformation of high-precision terminal products and the construction of a marketing network[12]. - The company plans to distribute cash dividends of RMB 2.7 per 10 shares, totaling RMB 33,283,575, which represents 100% of the profit distribution amount[117]. - The company has a policy to ensure that cash dividends will not be less than 15% of the distributable profit when the net profit is positive[115]. - The company will explore new opportunities in emerging fields such as autonomous driving and artificial intelligence, investing in research and technology reserves related to spatial positioning information[99]. - The company will leverage capital markets for growth, seeking mergers and acquisitions to enhance technical capabilities and broaden applications in geographic information and professional navigation sectors[105]. - The company’s total investment during the reporting period was 663.70 million yuan, a 164.43% increase compared to the previous year[83]. Shareholder and Governance - The company emphasizes a stable profit distribution policy, committing to a minimum cash dividend of 15% of the distributable profit when conditions are met[111]. - The company will actively communicate with minority shareholders regarding cash dividend proposals through various channels[113]. - The company’s profit distribution policy must comply with legal regulations and requires a two-thirds majority approval from shareholders at the general meeting for any changes[114]. - The company has established a framework for managing share transfers to maintain market stability and shareholder confidence[121]. - The company reported a shareholding structure where Zhao Yanping directly holds 28,969,022 shares, accounting for 32.40% of the total share capital before the IPO[128]. - The company commits to reducing and avoiding related party transactions with Zhao Yanping's controlled enterprises, ensuring fairness and compliance with legal standards[128]. - The company has received commitments from its board members and management regarding the accuracy of the IPO application documents[136]. - The company will ensure compliance with laws regarding shareholding and changes in shareholding for directors and senior management[124]. Operational Efficiency - The company aims to enhance its operational management system to cope with the challenges posed by its expanding business scale[10]. - The company has established a comprehensive employee care system, including annual health check-ups and various employee engagement activities[168]. - The company has set a target to reduce operational costs by 15% over the next year through efficiency improvements[138]. - The company has maintained a good integrity status for itself and its controlling shareholders during the reporting period[149]. - The company has not engaged in any related party transactions during the reporting period[155]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25% based on new product launches and market expansion strategies[139]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[139]. - The company has initiated a new product line aimed at the automotive sector, with expected sales of 500 million RMB in the first year[138]. - The company will implement measures to stabilize stock prices, including share buybacks if commitments are not met by major shareholders[133].

Financial Performance - The company's operating revenue for 2017 was ¥678,153,189.05, representing a 40.68% increase compared to ¥482,067,753.13 in 2016[25]. - The net profit attributable to shareholders for 2017 was ¥129,106,519.64, up 26.45% from ¥102,097,879.80 in 2016[25]. - The net profit after deducting non-recurring gains and losses was ¥99,362,423.59, a 44.70% increase from ¥68,666,026.50 in 2016[25]. - The net cash flow from operating activities was ¥79,743,357.75, which is a 32.00% increase from ¥60,412,435.78 in 2016[25]. - The total assets at the end of 2017 reached ¥1,150,694,847.83, a 129.06% increase from ¥502,361,021.98 at the end of 2016[25]. - The net assets attributable to shareholders increased by 151.61% to ¥773,302,987.04 from ¥307,336,438.24 in 2016[25]. - The basic earnings per share for 2017 was ¥1.155, a slight increase of 1.14% from ¥1.142 in 2016[25]. - The diluted earnings per share for 2017 was ¥1.154, up 1.05% from ¥1.142 in 2016[25]. - The weighted average return on equity for 2017 was 20.79%, down 16.45% from 37.24% in 2016[25]. - The quarterly revenue for Q4 2017 was ¥250,029,129.52, contributing significantly to the annual growth[27]. Research and Development - The company plans to maintain high investment in product R&D and strengthen its business model of "data collection equipment + data application and solutions" to enhance competitiveness and profitability[5]. - The company emphasizes the importance of continuous technological innovation to maintain market competitiveness in the high-precision satellite navigation industry[7]. - Research and development investment reached ¥7,593.00 million, an increase of 59.56% compared to the previous year[57]. - The company added 50 new authorized patents, including 12 invention patents, and received over ¥40 million in government research project funding[52]. - The number of R&D personnel increased to 233, representing 21.53% of the total workforce[73]. - The company is focused on developing new products and technologies to adapt to the evolving market landscape and maintain its competitive edge[5]. Market Expansion and Strategy - The company is investing in several projects, including technology upgrades for high-precision terminal products and a marketing network, to expand market share and enhance market development capabilities[12]. - The company is actively expanding into emerging markets such as drone surveying and marine surveying[40]. - The company aims to achieve a revenue target of 950 million yuan in 2018, representing a 40% increase year-over-year, and a net profit target of 170 million yuan, reflecting a 30% growth compared to the previous year[101]. - The company will focus on three core business areas over the next three years: high-precision satellite navigation products, displacement monitoring systems, and precision agriculture systems, while expanding both domestic and international market share[99]. - The company plans to strengthen its competitive edge by enhancing its independent innovation capabilities and expanding into international markets[97]. Risks and Challenges - The company faces risks related to market demand fluctuations, particularly in the high-precision satellite navigation sector, which is closely tied to infrastructure construction cycles[6]. - The company acknowledges the risk of core technical personnel turnover, which could adversely affect production and operations if not managed properly[9]. - The company recognizes the risk of potential underutilization of new production capacity if actual market demand deviates significantly from forecasts[12]. - The company has received significant government subsidies from 2014 to 2017, which may decrease in the future, impacting R&D investments and operational performance[11]. Shareholder and Dividend Policies - The company reported a cash dividend of 2.70 RMB per 10 shares, with a total base of 123,272,500 shares[13]. - The company has a profit distribution policy that mandates a minimum cash dividend of 15% of the distributable profit when the net profit is positive, with higher percentages for mature stages without major capital expenditures[111]. - The cash dividend distribution policy requires a minimum of 20% of the profit distribution to be in cash, especially during significant capital expenditure periods[117]. - The company must consider the opinions of minority shareholders and independent directors when formulating or adjusting the profit distribution policy[114]. Corporate Governance and Compliance - The company emphasizes compliance with national laws regarding shareholder obligations and shareholding changes[122]. - The company has established a policy that restricts board members from transferring more than 25% of their shares annually after the lock-up period[122]. - The company has committed to a stock price stabilization plan for three years post-IPO, ensuring that if the stock price falls below the latest audited net asset value per share for 20 consecutive trading days, measures will be initiated[131]. - The company will disclose any share reduction plans 15 trading days prior to the first sale if using centralized bidding[126]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25% based on new product launches and market expansion strategies[138]. - The company has set a performance guidance of 1.8 billion RMB in revenue for the next fiscal year, indicating a strong growth trajectory[138]. - The management indicated a focus on new technology development to drive future growth and competitiveness[199]. - The company is exploring potential mergers and acquisitions to strengthen its market position[199].