FHEC(SZ:000561)2022-12-06 02:40Financial Performance - As of the end of 2016, the company's total assets reached 2.308 billion CNY, an increase of 1.86% compared to the previous year [1] - The equity attributable to the parent company was 1.142 billion CNY, up by 11.65% year-on-year [1] - The company achieved operating revenue of 1.119 billion CNY, a growth of 3.9% compared to the same period last year [1] - The net profit attributable to the parent company was 88 million CNY, reflecting a year-on-year increase of 15.40% [1] - R&D expenses amounted to 135 million CNY, representing a growth of 34.42% [2] Business Development - The company focused on strengthening its core business and innovation-driven strategies to adapt to the military's demand for miniaturized, integrated, modular, and multifunctional equipment [2] - Successfully completed the development and production tasks for military shortwave communication products, including systems for aircraft and helicopters [2] - Expanded into the civilian market by developing a new audio control system for the Xinzhou 600 aircraft, filling a gap in the civil aviation market [2] - The search and rescue product line saw rapid development and significant order growth [2] Strategic Initiatives - A stock incentive plan was approved, granting 11.6832 million restricted shares, accounting for 1.961% of the company's total share capital [3] - The incentive plan aims to enhance corporate governance and align the interests of shareholders, the company, and management [3] Collaborative Projects - The company established Xi'an Aikete Acoustic Technology Co., Ltd. to focus on active noise control technology for aircraft, leveraging collaboration with experts from Xi'an University of Technology [4] - The company is exploring various applications in noise and vibration control, targeting both military and civilian markets [4] Asset Injection Potential - There is speculation regarding potential asset injections from the parent group, which includes real estate, LED, and photovoltaic industries, but no confirmation has been made yet [4]