上海华测导航技术股份有限公司 独立董事 2024 年年度述职报告（葛伟军） 各位股东及股东代表： 本人葛伟军，作为上海华测导航技术股份有限公司（以下简称"公司"）的 第四届董事会独立董事，报告期内，本人严格按照《深圳证券交易所创业板股票 上市规则》《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》《上市公司独立董事管理办法》《公司章程》《独立董事工作制度》等 法律法规及规章制度的有关要求，认真、忠实、勤勉地履行独立董事的职责，积 极出席 2024 年度内公司召开的相关会议，认真审议公司提交的每项议案，并对 公司董事会审议的相关事项发表了独立客观的意见，切实维护了公司整体利益， 维护了全体股东尤其是中小股东的合法权益，较好的发挥了独立董事的独立性和 专业性作用。现就本人 2024 年度履行独立董事职责情况报告如下： 一、基本情况 （一）工作履历及专业背景 本人葛伟军，中国国籍，男，无境外永久居留权，1975 年 11 月生，拥有北 京大学法律学系学士学位、剑桥大学法学院硕士学位和九州大学大学院法学府博 士学位，现任复旦大学法学院教授、博士生导师，同时兼任中国法学会商法学研 究会常务理事 ...

一、主要会计数据和财务指标 | 报告期指标 | 2024年年报 | 2023年年报 | 本年比上年增减(%) | 2022年年报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | 1.0690 | 0.8350 | 28.02 | 0.6810 | | 每股净资产（元） | 6.41 | 5.54 | 15.7 | 4.73 | | 每股公积金(元) | 2.3 | 2.13 | 7.98 | 1.89 | | 每股未分配利润(元) | 2.65 | 2.06 | 28.64 | 1.61 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 32.51 | 26.78 | 21.4 | 22.36 | | 净利润(亿元) | 5.83 | 4.49 | 29.84 | 3.61 | | 净资产收益率(%) | 17.74 | 16.27 | 9.04 | 15.30 | 数据四舍五入，查看更多财务数据>> 二、前10名无限售条件股东持股情况 前十大流通股东累计持有： 18978.11万股，累计占流通股比： 41.89%，较上 ...

Financial Performance - The company's operating revenue for 2024 reached ¥3,251,013,405.18, representing a 21.38% increase compared to ¥2,678,341,128.41 in 2023[21]. - Net profit attributable to shareholders for 2024 was ¥583,403,247.25, a 29.89% increase from ¥449,140,842.06 in 2023[21]. - The net profit after deducting non-recurring gains and losses was ¥503,793,315.68, up 35.31% from ¥372,318,834.82 in 2023[21]. - The cash flow from operating activities for 2024 was ¥659,056,803.43, an increase of 47.99% compared to ¥445,346,227.17 in 2023[21]. - Basic earnings per share for 2024 were ¥1.069, reflecting a 28.02% increase from ¥0.835 in 2023[21]. - Total assets at the end of 2024 amounted to ¥5,124,410,823.89, a 16.15% increase from ¥4,412,050,015.81 at the end of 2023[21]. - The company's net assets attributable to shareholders increased by 17.08% to ¥3,516,956,347.39 at the end of 2024, up from ¥3,003,916,308.55 at the end of 2023[21]. - The company reported a quarterly revenue of ¥983,486,539.90 in Q4 2024, with net profit attributable to shareholders of ¥193,710,377.87[23]. - The company's total revenue for 2024 reached ¥3,251,013,405.18, representing a year-on-year increase of 21.38% compared to ¥2,678,341,128.41 in 2023[81]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 5 RMB per 10 shares (including tax) to all shareholders, with a capital reserve conversion of 4 additional shares for every 10 shares held[3]. - The company has implemented a stable dividend policy, having distributed a total of RMB 692.10 million in cash dividends since its listing, accounting for 41.33% of the cumulative net profit attributable to shareholders[143]. - In the last three years (2021-2023), the company distributed cash dividends totaling RMB 450.43 million, representing 40.77% of the cumulative net profit attributable to shareholders during that period[144]. Research and Development - The company's R&D investment amounted to ¥46,901.91 million, a 1.49% increase year-on-year, accounting for 14.43% of total revenue[75]. - The company is focused on developing next-generation GNSS chips and enhancing its core technology capabilities in high-precision satellite navigation solutions[92]. - The company is investing in R&D for new technologies, focusing on high-precision satellite navigation systems, which are projected to enhance market competitiveness[170]. - The company plans to increase R&D investment in basic components and core algorithms to leverage opportunities from the BeiDou and satellite internet industries[118]. - The number of R&D personnel increased by 10.73% to 681 in 2024, with a notable rise in master's degree holders by 29.49% to 303[93]. Market Expansion and Strategy - The company aims to expand its market share in both domestic and international markets, leveraging its leading position in the domestic market to penetrate overseas markets[124]. - Market expansion strategies include targeting new geographic regions, aiming for a 30% increase in market share over the next two years[170]. - The company is exploring potential acquisitions to enhance its product portfolio, with a budget of $100 million allocated for this purpose[7]. - The company is focusing on emerging markets such as autonomous driving and low-altitude economy to broaden its business scope[124]. Awards and Recognition - The company has received 1 National Technology Invention Award and 4 National Science and Technology Progress Awards, along with over 900 authorized intellectual property rights[45]. - The company has received multiple awards for technological advancements, including a national science and technology progress award, highlighting its commitment to innovation[170]. Corporate Governance - The company has established a robust corporate governance structure, ensuring compliance with relevant laws and regulations, and enhancing operational transparency[147]. - The board of directors consists of 7 members, including 3 independent directors, ensuring a balanced decision-making process[150]. - The company has a performance evaluation and incentive system linking management compensation to business performance, promoting transparency in executive appointments[153]. - The company maintains a fully independent operational structure, including procurement, R&D, production, and sales systems, independent from its controlling shareholders[158]. Risk Management - The report emphasizes the importance of risk awareness regarding forward-looking statements and future plans[3]. - The company acknowledges potential risks including market and operational risks, particularly if it fails to maintain its market share in high-precision GNSS receivers and emerging sectors like precision agriculture and autonomous driving[129]. - The company faces management and internal control risks as it expands its operational scale, necessitating ongoing optimization of its management systems[134]. Financial Management - The company has implemented cost control measures to ensure the efficient use of raised funds without compromising project quality[113]. - The company has established a value management system to enhance its market value and protect investor rights, focusing on improving operational efficiency and core competitiveness[141]. - The company has a dedicated team of financial personnel who do not receive salaries from controlling shareholders, ensuring financial independence[161]. Future Outlook - The company aims for a net profit of 730 million yuan in 2025, representing a growth of approximately 25% compared to the previous year[123]. - The company plans to use the remaining fundraising capital from July 1, 2024, to permanently supplement working capital[196]. - The company will maintain high R&D investment to enhance its core technology competitiveness, particularly in chips, boards, and modules for high-precision navigation[125].

Financial Performance - The company's net profit attributable to shareholders is expected to increase by 30.99% to 38.75%, reaching between RMB 135 million and RMB 143 million for Q1 2025[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses is projected to grow by 33.06% to 42.27%, amounting to between RMB 115.5 million and RMB 123.5 million[3] - Non-recurring gains and losses are anticipated to impact the current net profit by approximately RMB 19.5 million[6] Growth Drivers - The rapid growth in net profit is primarily driven by the company's global strategy and expansion in geospatial information, robotics, and autonomous driving sectors[5] - The company has increased its R&D investment to enhance core technology barriers and improve product competitiveness, facilitating rapid market expansion[5] Employee Incentives - The implementation of the employee stock incentive plan is expected to incur share-based payment expenses of approximately RMB 10.5 million during the reporting period[5] Financial Reporting - The financial data presented is based on preliminary calculations by the company's finance department and has not been audited[7] - The specific financial data for Q1 2025 will be detailed in the company's quarterly report[7] Investor Guidance - Investors are advised to make cautious decisions and be aware of investment risks[7] - The earnings forecast period is from January 1, 2025, to March 31, 2025[3]

Investment Rating - The report assigns a "Strong Buy" rating to the company with a target price of 54.16 CNY [2][10]. Core Viewpoints - The company is a leader in the high-precision spatiotemporal information industry in China, accelerating its expansion into overseas markets. It has a complete product system centered on high-precision positioning technology and is actively exploring new markets in various sectors [7][9][8]. - The company has shown steady revenue growth, with a compound annual growth rate (CAGR) of 23.66% from 2019 to 2023, and a projected revenue of 32.2 billion CNY in 2024, reflecting a year-on-year growth of 20.07% [31][38]. - The global GNSS market is expected to double in size over the next decade, driven by increasing demand for high-precision satellite navigation services across various applications [7][9]. Summary by Sections 1. Company Overview - The company, established in 2003, focuses on the research, manufacturing, and industrial promotion of high-precision navigation positioning technology. It aims to build an intelligent world using precise spatiotemporal information [14][26]. 2. Financial Performance - The company’s total revenue increased from 1.15 billion CNY in 2019 to 2.68 billion CNY in 2023, with a net profit rising from 140 million CNY to 449 million CNY during the same period. The net profit margin improved from 12.1% to 16.8% [31][38]. 3. Market Potential - The global GNSS market is projected to grow significantly, with sales expected to rise from 260 billion euros in 2023 to 580 billion euros by 2033. The high-precision satellite navigation market is anticipated to expand at a CAGR of 7.8% from 2024 to 2029 [7][9]. 4. Business Segments - The company operates in four main business segments: construction and infrastructure, geographic information, resources and public utilities, and robotics and autonomous driving. The revenue contributions from these segments are 36.1%, 15.9%, 42.1%, and 6.0%, respectively [7][30]. 5. Competitive Positioning - The company has established a global service system, covering over 120 countries and regions. It has been recognized as a leading domestic player in high-precision satellite navigation, with a growing international presence [9][10]. 6. Profitability Forecast - The company is expected to achieve net profits of 5.7 billion CNY, 7.4 billion CNY, and 10.1 billion CNY for the years 2024, 2025, and 2026, respectively, with corresponding growth rates of 27.8%, 29.6%, and 35.4% [10][31].

华测导航（300627）的企业快递发运需求涉及部门多、场景复杂、对信息化管理要求高，部分环节涉及WMS、CRM、SG系统 等对接，目前各个部门在快递发运环节中都存在不同系统数据割裂的情况，需要较多重复手工操作，公司急需一套统一的快递 管理系统，使公司各个部门的快递能够进行统一管理，在各系统中可以完成快递环节的闭环，让快递管理数字化建设更上一个 台阶。 销售物流：人工操作陷阱与成本失控 销售物流是连接生产端与客户端的核心纽带，直接影响订单履约率、客户满意度及企业利润。然而，传统粗放式管理模式下， 各环节的痛点都很突出： · 快递公司选择环节：依靠经验难以实现每单成本最优化 快递公司选择比较多样化，缺乏数字化系统，过去物流人员在下单时往往只能依靠经验进行比选，缺乏系统性自动勾稽检查和 科学管理，无法实现每单成本最优化。 · 下单发货环节：人工操作下的效率陷阱 物流部常面临「一人多单」操作困境：当同一客户跨采购多件商品时，需手动合并订单才能发货。人工操作不仅效率低下，且 人工合单错误率高（如漏选配件、地址混淆），直接导致退货率上升。更严重的是，若未及时合单，分散发货将造成单均物流 成本增加，且客户需多次签收包裹，直 ...

证券代码：300627 证券简称：华测导航 公告编号：2025-018 上海华测导航技术股份有限公司 关于对外担保贷款逾期追偿结果的公告 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。 一、对外担保贷款情况概述 2023年，公司对广西天正1笔1,213,678.33元的贷款逾期承担了担保责任，具 体内容详见公司于2023年11月15日、2023年12月29日及2024年7月2日披露在巨潮 资讯网上的《关于公司对外担保贷款逾期的公告》（公告编号2023-098）、《关于公 司对外担保贷款逾期追偿进展公告》（公告编号2023-111）、《关于对外担保贷款逾 期追偿进展的公告》（公告编号2024-087）。截至本公告披露日，广西天正已完成 全部款项1,231,973.33元（代偿款1,213,678.33元、律师费17,000元、财产保全保险 费1,295元）还款。截至目前，公司及子公司不存在其他为所担保的贷款逾期承担 担保责任的情况。 1 证券代码：300627 证券简称：华测导航 公告编号：2025-018 为解决上海华测导航技术股份有限公司（以下简称"公司"或 ...

上海荣正企业咨询服务（集团）股份有限公司 关于 独立财务顾问报告 证券简称：华测导航 证券代码：300627 上海华测导航技术股份有限公司 2025 年第一期限制性股票激励计划 授予相关事项 之 2025 年 4 月 | 一、释义 | 3 | | --- | --- | | 二、声明 | 4 | | 三、基本假设 | 5 | | 四、独立财务顾问意见 | 6 | | 五、备查文件及咨询方式 | 10 | 一、释义 本独立财务顾问报告中，除非文义载明，下列简称具有如下含义： | 简称 | | 释义 | | --- | --- | --- | | 华测导航、本公司、公司、 上市公司 | 指 | 上海华测导航技术股份有限公司（含各级控股子公司） | | 本激励计划、本计划 | 指 | 上海华测导航技术股份有限公司 2025年第一期限制性股票激励 计划 | | 独立财务顾问报告、本报告 | 指 | 上海荣正企业咨询服务（集团）股份有限公司关于上海华测导 航技术股份有限公司 2025年第一期限制性股票激励计划授予相 | | | | 关事项之独立财务顾问报告 | | 本独立财务顾问 | 指 | 上海荣正企业咨询服务（集团 ...

之 法律意见书 上海市黄浦区中山东二路 600 号外滩金融中心 S2 栋 10 层 北京市两高（上海）律师事务所 关于 上海华测导航技术股份有限公司 2025年第一期限制性股票激励计划授予事项 10/F ,The Bund Financial Center,600,ZhongShan NO.2 Road(E),Shanghai 电话：(86)21-6308 7099 TEL: (86)21-6308 7099 北京市两高（上海）律师事务所 关于上海华测导航技术股份有限公司 2025年第一期限制性股票激励计划授予事项之法律意见书 致：上海华测导航技术股份有限公司 敬启者： 北京市两高（上海）律师事务所（以下简称"本所"）接受上海华测导航技 术股份有限公司（以下简称"华测导航"或"公司"）委托，指派张承宜律师、 崔源律师（以下简称"本所律师"）以特聘法律顾问的身份，就公司2025年第一 期限制性股票激励计划（以下简称"本激励计划"）授予（以下简称"本次授予"） 的相关事项出具本法律意见书。 本法律意见书是依据《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》"）以 ...

证券代码：300627 证券简称：华测导航 公告编号：2025-016 （四）具有《公司法》规定的不得担任公司董事、高级管理人员情形的； （五）法律法规规定不得参与上市公司股权激励的； 上海华测导航技术股份有限公司 监事会关于 2025 年第一期限制性股票激励计划 激励对象名单（授予日）的核查意见 本公司及监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"）监事会依据《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》"）、《上市公司股权激励管理办法》（以下简称"《管理办法》"）、《深 圳证券交易所创业板股票上市规则》（以下简称"《上市规则》"）、《深圳证券交易 所创业板上市公司自律监管指南第 1 号——业务办理》和《上海华测导航技术股 份有限公司章程》（以下简称"《公司章程》"）等有关规定，对公司 2025 年第一 期限制性股票激励计划（以下简称"本激励计划"）激励对象名单（授予日）进 行审核，并发表核查意见如下： 一、本激励计划授予的激励对象均不存在《管理办法》第八条及《 ...