七一二(603712) - 投资者关系活动记录表

Group 1: Company Overview - The company is a core supplier of private network wireless communication products and overall solutions in China, recognized as a national high-tech enterprise and a national technology innovation demonstration enterprise [3] - The main business areas include military wireless communication and civilian wireless communication, with a focus on advancing the development of the private network wireless communication industry in China [3] Group 2: Military Communication Products - The company is one of the earliest developers and manufacturers of military wireless communication equipment in China, offering a complete range of research and production qualifications [3] - Products include handheld, backpack, vehicle-mounted, airborne, and shipborne equipment, covering a wide range from shortwave to satellite communication [3] - The company has established a comprehensive research and production capability layout to meet future equipment demands over the next five to ten years [3] Group 3: Civilian Communication Products - The company has developed next-generation communication systems, including 5G equipment for vehicles and urban rail transit dispatch communication systems [4] - In 2021, the company completed various projects, enhancing its core competitive advantage in civilian communication products [4] Group 4: Financial Performance - In 2021, the company achieved operating revenue of 3.451 billion yuan, a year-on-year increase of 28% [4] - The net profit attributable to shareholders was 688 million yuan, up 31.58% year-on-year, with basic earnings per share of 0.89 yuan, a 30.88% increase [4] - In Q1 2022, the company reported operating revenue of 410 million yuan, an 18.24% year-on-year increase, and a net profit of 21.49 million yuan, up 26.69% year-on-year [4] Group 5: Research and Development - R&D expenses in 2021 were 775 million yuan, a 34.17% increase year-on-year, primarily due to increased investment in R&D and product technology innovation [5] - The proportion of personnel costs in R&D expenses is approximately 36%, with a year-on-year increase of 19% due to a rise in the number of R&D personnel and their salaries [5] Group 6: Management and Sales Expenses - Management expenses in 2021 were 183 million yuan, a 42.45% increase year-on-year, mainly due to the cessation of national social security reductions and rising operational costs [5] - Sales expenses were 68 million yuan, up 18.22% year-on-year, attributed to the expansion of sales scale and corresponding increases in personnel compensation and travel expenses [5] Group 7: Inventory and Risk Management - As of the end of 2021, the company's inventory was 3.681 billion yuan, a year-on-year increase of 30.83%, primarily due to order growth and concentrated reserves [5] - The company conducts regular impairment tests on inventory, indicating a low overall risk of impairment [5] Group 8: Corporate Reform - The company is actively implementing the "Three-Year Action Plan for State-Owned Enterprise Reform," focusing on improving corporate governance and enhancing market-oriented mechanisms [5]