Investment Rating - The report maintains a "Recommend" rating for the company [21] Core Views - The company achieved significant growth in its resources and public utilities sector, with revenue reaching 1.127 billion yuan in 2023, a year-on-year increase of 41.29% [3] - The company's overseas business has shown remarkable results, with overseas market revenue reaching 719 million yuan in 2023, a year-on-year increase of 47.57%, accounting for 26.85% of total revenue [3] - The company aims for a 25% year-on-year growth in net profit attributable to the parent company in 2024, targeting 560 million yuan [3] - The company's robot and autonomous driving sector achieved revenue of 160 million yuan in 2023, a year-on-year increase of 61.64% [3] - The company has been designated as a supplier for autonomous driving positioning units by several automakers, with some models already in mass production, which is expected to bring new performance increments [3] Financial Performance - The company's revenue in 2023 was 2.678 billion yuan, a year-on-year increase of 19.77%, with net profit attributable to the parent company reaching 449 million yuan, a year-on-year increase of 24.32% [11] - The company's gross profit margin in 2023 was 57.77%, an increase of 1.13 percentage points compared to the previous year [11] - The company's sales expense ratio in 2023 was 19.74%, a decrease of 0.23 percentage points compared to the previous year, and the management expense ratio was 7.36%, a decrease of 0.89 percentage points [11] - The company's net profit attributable to the parent company is expected to reach 562 million yuan in 2024, 681 million yuan in 2025, and 827 million yuan in 2026, with corresponding PE multiples of 26x, 21x, and 18x [3] Business Development - The company's agricultural machinery autonomous driving products have been rapidly promoted in the market, and its universal geological disaster equipment has been applied on a large scale in key geological disaster prevention provinces [3] - The company's global satellite-ground integrated enhancement network service platform will provide differential information services for various high-precision mobile intelligent equipment [3] - The company is actively promoting the integration of high-precision navigation technology with autonomous driving, smart cities, and low-altitude economy in the domestic market [3] Overseas Expansion - The company has established a strong dealer network overseas, with overseas market revenue accounting for 26.85% of total revenue in 2023, up from 14.04% in 2020 [3] - The company's continuous deep layout in overseas markets is expected to extend its growth curve [3]

证券代码：300627 证券简称：华测导航 公告编号：2024-043 上海华测导航技术股份有限公司 关于举办2023年度业绩网上说明会的公告 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。 上海华测导航技术股份有限公司（以下简称"公司"）2023 年年度报告全文 及摘要由公司第四届董事会第四次会议及第四届监事会第四次会议审议，于 2024 年 4 月 18 日在中国证券监督管理委员会指定的创业板上市公司信息披露网 站巨潮资讯网（http://www.cninfo.com.cn）上披露。 出席本次年度业绩网上说明会的人员有：公司董事长赵延平先生，董事、总 经理朴东国先生，独立董事黄娟女士，保荐代表人曹方义先生，副总经理、董事 会秘书孙梦婷女士及财务总监高占武先生。 为充分尊重投资者、提升交流的针对性，现就公司 2023 年度业绩说明会提 前向投资者公开征集问题，广泛听取投资者的意见和建议。投资者可于 2024 年 4 月 28 日（星期日）17:00 前访问 https://ir.p5w.net/zj/，或扫描下方二维码，进入 问题征集专题页面。公司将在 20 ...

在上述期限和额度内发生的具体担保事项，公司董事会同意提请股东大会授 权公司董事长或董事长授权的代表负责签订相关担保协议或者类似文件，不再另 被担保人：公司（含子公司，下同）非关联下游客户 本次审议担保额度总计为6亿元 对外担保逾期的累计数量：3起，其中两笔担保债务逾期的担保对象为友 谊县豪飞农机经销处，公司合计代其偿还1,900,947.67元，截至本公告披 露日，该担保对象已完成全部代偿款还款；第三笔担保债务逾期的担保 对象为广西天正测绘有限公司，公司代其偿还1,213,678.33元，截至本公 告披露日，该担保对象已完成400,000.00元代偿款还款，剩余813,678.33 元将于2024年6月30日前归还完毕。 证券代码：300627 证券简称：华测导航 公告编号：2024-040 上海华测导航技术股份有限公司 关于开展供应链融资业务合作暨对外担保的公告 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。 重要内容提示： 一、担保情况概述 上海华测导航技术股份有限公司（以下简称"公司"）于2024年4月17日召 开的第四届董事会第四次会议和第四届监事会第 ...

方正证券承销保荐有限责任公司 1、组织架构 关于上海华测导航技术股份有限公司 2023 年度内部控制自我评价报告的核查意见 方正证券承销保荐有限责任公司（以下简称"保荐机构"）作为上海华测导 航技术股份有限公司（以下简称"华测导航"或"公司"）2020 年度向特定对象 发行股票的保荐机构，根据《证券发行上市保荐业务管理办法》《深圳证券交易 所创业板股票上市规则》《企业内部控制基本规范》等文件的要求，对《上海华 测导航技术股份有限公司 2023 年度内部控制自我评价报告》进行了核查，并出 具本核查意见如下： 一、内部控制评价工作情况 （一）内部控制评价范围 公司按照风险导向原则确定纳入评价范围的主要单位、业务和事项以及高风 险领域。纳入评价范围的主要单位包括公司及其合并范围内的子公司。纳入评价 范围单位占公司合并财务报表资产总额的 100%，营业收入合计占公司合并财务 报表营业收入总额的 100%。 纳入评价范围的主要业务和事项：组织架构、人力资源、资金活动、采购业 务、资产管理、销售业务、财务报告、全面预算、募集资金管理、信息披露、担 保管理、关联交易。 重点关注的高风险领域主要包括资金活动、采购业务、销售业 ...

Corporate Governance - The company has established a robust internal management structure, ensuring independence from its controlling shareholder in operations, finance, and assets [8]. - The company has implemented a comprehensive governance structure that complies with relevant laws and regulations, enhancing operational transparency and accountability [7]. - The company has a history of strict adherence to corporate governance standards, with no significant discrepancies noted in its governance practices [11]. - The company strictly adheres to legal regulations and has improved its corporate governance structure to protect the interests of all shareholders [132]. - The company has committed to ensuring the accuracy and completeness of the fundraising prospectus, taking legal responsibility for any misleading statements [154]. Financial Performance - The company reported a total revenue of 1.5 billion RMB for the fiscal year 2023, representing a year-over-year increase of 15% [174]. - The net profit attributable to the parent company for 2023 is RMB 449,140,842.06, with the parent company's net profit at RMB 442,564,267.00 [72]. - The company reported a total compensation of 718.14 million for its board members and senior management during the reporting period [28]. - The company has a structured salary system based on job positions and market wages, ensuring competitive compensation for employees [60]. - The company’s financial performance has been positively impacted by a 5% reduction in operational costs due to efficiency improvements [176]. Profit Distribution - The profit distribution policy allows for cash, stock, or a combination of both, with a preference for cash dividends when conditions permit [41]. - The company reported a net profit for the year, with a cash dividend policy stating that at least 15% of the distributable profit should be distributed in cash if the net profit is positive and accumulated undistributed profits are also positive [64]. - The company aims for a minimum cash dividend proportion of 20% in profit distributions when in a growth stage with significant capital expenditure plans [65]. - The company will ensure that cash dividends account for at least 20% of the total profit distribution, with a minimum of 15% of the distributable profit allocated for cash distribution annually [68]. - The cash dividend amount for the year was ¥190,741,695.55, representing 100% of the total profit distribution [95]. Risk Management - The company faces risks related to investment and mergers due to increasing global economic pressures, which may negatively impact demand for high-precision navigation products [2]. - The company is preparing for potential economic downturns that could affect its future performance and market demand [2]. - The company has established a comprehensive internal control system to manage risks and ensure compliance with regulations [112]. - The audit committee supervises the internal audit department to ensure effective oversight of the company's economic activities [113]. - The company has not experienced any bankruptcy restructuring matters during the reporting period [160]. Shareholder Relations - The company reported a 48.72% investor participation rate in the 2022 Annual General Meeting held on May 9, 2023 [16]. - The company actively engages with investors through various communication methods, including an investor hotline and on-site research [132]. - The company has made a commitment to not reduce its shareholdings for a period of six months from October 16, 2023, to April 15, 2024, to promote stable development and protect investor interests [154]. - The company plans to share undistributed profits with new and existing shareholders based on their shareholding ratios after the IPO [141]. - The company aims to protect the legitimate rights and interests of shareholders and other stakeholders through these commitments [138]. Employee Development - The company emphasizes talent development and aims to establish a learning organization to enhance employee capabilities and support rapid business growth [39]. - The company has a comprehensive training plan to enhance employee skills and professional development [61]. - The company has established a comprehensive employee care system, including annual health check-ups and various interest groups, to enhance employee welfare [143]. - The company is committed to maintaining a competitive salary structure while aligning with local average wages and industry standards [60]. - The company’s management team is evaluated based on their performance and responsibilities, with compensation linked to their assessment results [110]. Strategic Initiatives - The company has a strategic focus on capacity expansion and new technology development, although potential risks include project delays and cost overruns [4]. - The company is actively engaged in research and development of new products and technologies to enhance its market position [4]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2024 [178]. - New product launches are expected to contribute an additional 300 million RMB in revenue in 2024, driven by advancements in technology [177]. - The company is applying for an initial public offering on the ChiNext board, indicating a strategic move for capital raising [138]. Compliance and Regulations - The company has maintained compliance with all relevant laws and regulations throughout the reporting period [157]. - The company has not engaged in any related party transactions that are not related to daily operations [161]. - The company has not engaged in any significant asset or equity acquisitions during the reporting period [185]. - The company has confirmed that there were no related party transactions involving debts during the reporting period [163]. - The company has not been classified as a key pollutant discharge unit by environmental protection authorities, indicating compliance with environmental regulations [119].

上海华测导航技术股份有限公司章程 上海华测导航技术股份有限公司 章 程 2024 年 4 月 上海华测导航技术股份有限公司章程 第一章 总则 第一条 为维护公司、股东和债权人的合法权益，规范公司的组织和行为， 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和 国证券法》（以下简称"《证券法》"）和其他有关规定，制订本章程。 第二条 公司系依照《公司法》和其他有关法律法规的规定，由原上海华测 导航技术有限公司整体变更设立的股份有限公司（以下简称"公司"）。 公司在上海市市场监督管理局注册登记，取得统一社会信用代码为 91310000754343149G 的营业执照。 第三条 公司于 2017 年 2 月 17 日经中国证券监督管理委员会核准，首次向 社会公众发行人民币普通股 2,980 万股，于 2017 年 3 月 21 日在深圳证券交易所 创业板上市。 第四条 公司注册名称：上海华测导航技术股份有限公司。 第五条 公司住所：上海市青浦区徐泾镇高泾路 599 号 C 座（一照多址企 业），201702。 第六条 公司注册资本为人民币 544,976,273 元。 第七条 公司为永久存续的 ...

证券代码：300627 证券简称：华测导航 公告编号：2024-033 上海华测导航技术股份有限公司 未来三年（2023-2025年）股东回报规划 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。 为进一步增强上海华测导航技术股份有限公司（以下简称"公司"）利润分 配政策的透明度，完善和健全公司利润分配决策和监督机制，保持利润分配政策 的连续性和稳定性，保护投资者的合法权益，便于投资者形成稳定的回报预期， 根据《关于进一步落实上市公司现金分红有关事项的通知》（证监发[2012]37 号）、 《上市公司监管指引第 3 号—上市公司现金分红》的要求以及《上海华测导航技 术股份有限公司章程》（以下简称"《公司章程》"）等相关规定，并综合考虑公司 经营情况、财务状况、业务发展需要等重要因素，特制定《上海华测导航技术股 份有限公司未来三年（2023-2025 年）股东回报规划》（以下简称"本规划"），具 体如下： 一、公司制定本规划考虑的因素 公司着眼于长远和可持续发展，综合考虑公司实际情况、发展目标、股东（特 别是公众投资者）意愿和要求、外部融资成本和融资环境，建立对投 ...

方正证券承销保荐有限责任公司 关于上海华测导航技术股份有限公司 2023年度募集资金存放与使用情况的核查报告 方正证券承销保荐有限责任公司（以下简称"方正承销保荐"或"保荐机构"） 作为上海华测导航技术股份有限公司（以下简称"华测导航"或"公司"）2020 年度向特定对象发行股票的保荐机构，根据《证券发行上市保荐业务管理办法》 《上市公司监管指引第2号——上市公司募集资金管理和使用的监管要求》《深 圳证券交易所创业板股票上市规则》以及《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》等相关法律法规及规范性文件的要求， 对华测导航2023年度（以下简称"报告期内""本年度"）募集资金存放与使用 情况进行了核查，核查情况如下： 一、募集资金基本情况 经中国证券监督管理委员会《关于同意上海华测导航技术股份有限公司向特 定对象发行股票注册的批复》（证监许可[2021]204号）核准，公司获准向特定对 象发行人民币普通股（A股）股票30,745,580股，每股发行价格人民币26.02元， 募集资金总额为人民币799,999,991.60元，扣除相关发行费用后，实计募集资金净 额为人民币785,00 ...

证券代码：300627 证券简称：华测导航 公告编号：2024-042 （1）现场会议召开日期、时间：2024年5月13日14:30 上海华测导航技术股份有限公司 关于召开公司2023年年度股东大会的通知 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 根据上海华测导航技术股份有限公司（以下简称"公司"）于2024年4月17日 召开的第四届董事会第四次会议，决定于2024年5月13日（星期一）召开公司2023 年年度股东大会（以下简称"本次股东大会"），现将本次股东大会有关事项通 知如下： 一、召开会议的基本情况 1、股东大会届次：2023年年度股东大会。 2、股东大会的召集人：公司董事会于2024年4月17日召开第四届董事会第四 次会议，审议通过了关于《召开公司2023年年度股东大会》的议案。 3、会议召开的合法合规性：本次股东大会的召开符合《中华人民共和国公司 法》、《上市公司股东大会规则》、《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》等法律、行政法规、规范性文件及《上海华测 导航技术股份有限公司章程》的相关规定。 4、会议召开 ...

证券代码：300627 证券简称：华测导航 公告编号：2024-041 上海华测导航技术股份有限公司 关于变更公司注册资本及修订公司章程的公告 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。 上海华测导航技术股份有限公司（以下简称"公司"）于2024年4月17日召 开公司第四届董事会第四次会议和第四届监事会第四次会议，审议通过了关于 《变更公司注册资本及修订<公司章程>》的议案，并将上述议案提请公司2023 年年度股东大会审议。 一、公司注册资本变更情况 上次变更公司注册资本为 2023 年 12 月 6 日，2023 年 12 月 7 日至 2024 年 4 月 16 日期间，公司股份变化情况如下： 证券代码：300627 证券简称：华测导航 公告编号：2024-041 | 第四十一条 | 第四十一条 | | --- | --- | | 公司下列对外担保行为，须经股东大会审议通 | 公司下列对外担保行为，须经股东大会审议通 | | 过： | 过： | | （一）单笔担保额超过最近一期经审计净资产 | （一）单笔担保额超过公司最近一期经审计净 | | 10%的 ...