CICT Mobile (688387) 证券时报网·2024-11-04 03:01Core Viewpoint - The lawsuit filed by the subsidiary of Xinke Mobile, Datang Mobile, against Spreadtrum for a compensation of 680 million yuan is a significant positive development for the company, which has been facing substantial losses for years [1][2]. Group 1: Lawsuit Details - Datang Mobile has initiated legal proceedings against Spreadtrum for unpaid commissions and penalties related to a technology cooperation agreement dating back to January 1, 2013 [1][2]. - The Beijing Haidian District Court has supported Datang Mobile's request for property preservation, which is crucial for the potential recovery of the claimed amount [2]. Group 2: Financial Performance - For the first three quarters of 2024, Xinke Mobile reported a revenue of 4.146 billion yuan, a year-on-year decrease of 21.50%, and a net loss attributable to shareholders of 170 million yuan [2][3]. - The company has experienced continuous losses, with a total net loss of 6.379 billion yuan from 2018 to the third quarter of 2024 [3][4]. Group 3: R&D Expenditure - Xinke Mobile's R&D expenses have been high, totaling 8.837 billion yuan from 2018 to the third quarter of 2024, with annual R&D costs ranging from 1.332 billion to 1.486 billion yuan [4]. - The company maintains a large R&D workforce, with over 2,240 employees as of the third quarter of 2024, indicating a strong commitment to innovation despite the financial strain [4]. Group 4: Parent Company Overview - Xinke Group, the parent company of Xinke Mobile, was formed from the merger of Wuhan Postal Science Research Institute and Telecom Science and Technology Research Institute, and is a state-owned enterprise under the State-owned Assets Supervision and Administration Commission [5]. - The group focuses on six major areas, including mobile communication and optical communication, and has a total asset value exceeding 80 billion yuan [5]. Group 5: Performance of Other Subsidiaries - Among the subsidiaries of Xinke Group, Guangxun Technology has shown the best performance with a revenue of 5.378 billion yuan and a net profit of 464 million yuan for the first three quarters of 2024 [5][6]. - In contrast, other subsidiaries like Datang Telecom and ST Gaohong have reported losses, highlighting the performance disparity within the group [6].