[中报]宁通信B(200468):2024年半年度报告（英文版）
原标题:宁通信B:2024年半年度报告（英文版） Semi-annualReportfor2024 [August2024] SectionIImportantNotes,ContentsandInterpretations TheBoardofDirectors,BoardofSupervisors,directors,supervisorsandseniorexecutivesoftheCompanyguaranteethetruthfulness,accuracyandcompletenessoftheSemi-annualReport,andensurethattherearenofalserecords,misleadingstatementsormajoromissions,andtheywillbeheldindividuallyandjointlyliableforanylegalliabilitythatmayarise.LiLangping,thepersoninchargeoftheCompany,LiaoRongchao,the personinchargeofaccounting,andZhangJingxia,thepersoninchargeoftheaccountingfirm(accountingsupervisor),declarethattheyguaranteethetruthfulness,accuracyandcompletenessofthefinancialreportrepresentedinthisSemi-annualReport. AlldirectorsattendedtheboardmeetingatwhichthisSemi-annual Reportwasconsidered. IfthisSemi-annualReportcontainsanyforward-lookingstatements concerningfutureplanssuchastheCompany'sbusinessplan,suchstatementsarenotintendedtoconstituteasubstantivecommitmenttoinvestors,andinvestorsandrelatedpartiesshouldexercisesufficientriskawarenessandcarefullyconsiderthedifferencesamongplans,forecasts,andcommitments.In"SectionIIIDiscussionandAnalysisoftheManagementTeam"ofthisreport,theCompanyhasanalyzedtheriskfactorsthatmayadverselyaffecttherealizationoftheCompany'sfuturedevelopmentstrategiesandbusinessTheCompanyplannednottodistributecashdividendsandbonusshares,orincreaseitssharecapitalfromprovidentfund. Contents SectionIImportantNotes,ContentsandInterpretations......................................................................2 SectionIICompanyProfileandMainFinancialIndicators..................................................................7 SectionIIIDiscussionandAnalysisoftheManagementTeam............................................................10 SectionIVCorporateGovernance..................................................................................................................22 SectionVEnvironmentalandSocialResponsibilities..............................................................................24 SectionVIImportantMatters..........................................................................................................................26 SectionVIIChangesinSharesandShareholders.....................................................................................70 SectionVIIIInformationonPreferredShares...........................................................................................76 SectionIXInformationonBonds....................................................................................................................77 SectionXFinancialReport................................................................................................................................78 ContentsofDocumentsforFutureReference (I)FinancialstatementscontainingthesignaturesandsealsofthepersoninchargeoftheCompany,thepersoninchargeof accountingandthepersoninchargeoftheaccountingfirm(accountingsupervisor)(II)TheoriginalsofallCompanydocumentsandannouncementspubliclydisclosedduringthereportingperiodInterpretations
I.Companyprofile
1.Company’scontactinformation WhethertheCompany'sregisteredaddress,officeaddressandpostalcode,companywebsiteande-mailaddresswerechanged duringthereportingperiod □Applicable ?Notapplicable TheCompany’sregisteredaddress,officeaddressandpostalcode,websiteande-mailaddresswerenotchangedduringthe reportingperiod.Fordetails,pleaserefertotheAnnualReportfor2023.2.Locationofinformationdisclosureandprovision Whetherthelocationofinformationdisclosureandprovisionwaschangedduringthereportingperiod□Applicable ?Notapplicable ThewebsitesandnamesofthestockexchangeandthemediawheretheCompanydisclosedtheSemi-annualReport,andthelocationwheretheCompanyprovidedtheSemi-annualReportremainedunchangedduringthereportingperiod.Fordetails,please refertotheAnnualReportfor2023. 3.Otherrelevantinformation Whetherotherrelevantinformationwaschangedduringthereportingperiod□Applicable ?Notapplicable IV.Mainaccountingdataandfinancialindicators DoestheCompanyneedtoretroactivelyadjustorrestatetheaccountingdataofpreviousyears?□Yes?No
Duringthereportingperiod,thereisnodifferencebetweenthenetprofitsandnetassetsinthefinancialreportsdisclosedin accordancewithinternationalaccountingstandardsandChineseaccountingstandards.2.DifferencesinnetprofitsandnetassetsinthefinancialreportsdisclosedinaccordancewithoverseasaccountingstandardsandinaccordancewithChineseaccountingstandards□Applicable ?Notapplicable Duringthereportingperiod,thereisnodifferencebetweenthenetprofitsandnetassetsinthefinancialreportsdisclosedin accordancewithoverseasaccountingstandardsandChineseaccountingstandards.VI.Itemsandamountsofnon-recurringprofitsandlosses ?Applicable □Notapplicable Unit:yuan
TheCompanyhadnootherprofitandlossitemsthatcomplywiththedefinitionofnon-recurringprofitandloss.Explanationofdefiningthenon-recurringprofitandlossitemslistedintheExplanatoryAnnouncementNo.1onInformation DisclosurebyCompanieswithPublicSecuritiesOfferings-Non-recurringProfitsandLossesasrecurringprofitandlossitems □Applicable ?Notapplicable TheCompanydoesnotdefinethenon-recurringprofitandlossitemslistedintheExplanatoryAnnouncementNo.1onInformation DisclosurebyCompanieswithPublicSecuritiesOfferings-Non-recurringProfitsandLossesasrecurringprofitandlossitems. SectionIII DiscussionandAnalysisoftheManagementTeam I.MajorbusinessoftheCompanyduringthereportingperiod 1.MajorbusinessoftheCompany Duringthereportingperiod,themajorbusinessoftheCompanyremainedunchanged.ThemajorbusinessoftheCompanyanditssubsidiariesinvolvedareassuchasintelligentvideoconferencing,intelligentcabling,intelligentdistributionandlighting,mainlyincludingmultimediacommunicationandapplicationsolutions,intelligentandintegratedbuildingsolutions,industrialintelligentpowerdistributionsystems,IoT-basedsolar energyandgrid-connectedstreetlampcontrolsystem,etc.Theproductsweremainlyofferedtolargestate-ownedenterprises,governmentaldepartments,financial,electricity,medicalinstitutionsandthecustomersinotherindustries. ThesubsidiarySouthernTelecommainlyprovidedmultimediacommunicationandapplicationsolutionsfor large and medium-sized customers from various sectors, such as central enterprises, governmental departments,financialandmedicalinstitutions,etc.ThesubsidiaryTelegemainlyprovidedcustomerswithmid-to-highendintegratedcablingandintelligentbuildingsystemsolutions.ThesubsidiaryNanmanElectricalprovidedintelligentpowerdistributionsolutionsforvariouspremisessuchasrailwaytransportation,airports, ports,andparks.ThesubsidiaryPutianDatangmainlyprovidedcustomerswithmainssupply,solarstreetlampcontrollersandIoT-basedintelligentstreetlampmanagementandcontrolsolutions.TheCompanymainlyobtainedbusinessopportunitiesbyparticipatinginprojectbidding.Itdesignedsolutions,producedorpurchasedequipmentrequiredbycustomersaccordingtoprojectrequirements.Itwasresponsibleforinstallation,commissioningandsystemintegration.Itrealizedprofitsafterdeductingcostsbasedonthecontractprice.TheCompany'soperatingperformancewasmainlyaffectedbyfactorssuchascapitalexpenditures,informationinvestmentsandbiddingresultsofcustomersincludingcentralenterprises,governmentaldepartments,financialinstitutions,andrailwaytransportationauthorities,aswellasfluctuations inrawmaterialpricesandchangesinothercosts. 2.Majorbusinessdevelopment Inthefirsthalfof2024,theoveralloperationoftheCompanyinthecommunicationindustryremainedstable. The construction ofnew infrastructure such as 5G andGigabit optical networks was continually promoted.Thenumberofnetworkconnectionuserssteadilyincreased.Duringthereportingperiod,theCompanysteadfastlyadheredtotheprinciplesembodiedinXiJinping’sThoughtonSocialismwithChineseCharacteristicsforaNewEra.Wewholeheartedlyembracedthetenetsofth the20 CPCNationalCongress,ensuringunwaveringalignmentwiththestrategicdecisionsanddeploymentsdelineatedbytheleadingPartygroupofCETCandthePartyCommitteeofCETCGlarun.Withthegoal-orientedmanagement,weconfrontedproblemswithconfidenceandbravedthechallengeswhilestrengtheningourexecutionabilityandpayingattentiontotheimplementationofspecificpractices.Weremainedsteadfastinthededicationtoourprimaryresponsibilitiesandcorebusinesswhilestrengtheningstrategicguidance.Weadheredtomarketorientationandpursuedinnovation-drivenstrategieswiththeutmostvigor.Weintegratedsuperior resources, optimized our industrial distribution and management structure, and accelerated our transformationanddevelopment.Wefocusedonkeyareasandenhancedourabilitytopreventandmitigaterisks.Consideringresolutionofpracticalproblemsasanopportunity,wepromotedthebusinessmanagementofloss-makingenterprises,constantlydeepenedreform,andacceleratedhigh-qualitydevelopment.(1)TheCompanyremainedmeticulousinthededicationtoitsprimaryresponsibilitiesandcorebusinesswhileactivelyexploringemergingmarkets. TheCompanyorganizeditsbusinesssegmentstopersistentlyfocusonspecializedsectorswithaviewtobuildingandreinforcingitscorecompetitiveness.Itmaintainedthescaleofitsprimaryresponsibilitiesandcore businesswhileproactivelyparticipatedinexploringnewbusinessdirectionsoftheGroup.Itfoundtheindustrialdevelopmentdirectionandnewbusinessareasappropriatetoitsbusinessmodelandtriedsomethingnewinthisregard.Itcontinuallyoptimizeditsbusinessstructureandstroveforincreasingthemanagementefficiencyandrefiningoperationalexcellence.Alltheseeffortscementedthefoundationforitsfurtherdevelopment.Integratedcablingproducts:TheCompanyseizednewdevelopmentopportunities,adopteddifferentiatedcompetition strategies, intensified the promotion of new products, and formulated differentiated product solutionsbasedonlocalconditions.Whilecontinuouslystrivingtoexplorehigh-endmarketssuchasmedicalcare,airport,andfinance,theCompanystrengtheneditsresearchanddevelopmentactivitiesofproductsandtechnologiessuchasshieldeddatarooms/cabinets,andopticalnetworkmanagementandmonitoring.Inthefirsthalfofthisyear,theCompanywonthebidfortheMPOpre-terminatedcablingprojectofadatacentercomputerroom. Videoconferencingproducts:TheCompanyappliedabusinessmodelpropelledbyadualapproachofproductdistributionanddirectordersfromprojects.Itcontinuallyconsolidatedtheexistingmarketingmethodsanddeepenedkeyaccountmarketing.ItstrengthenedtheimplementationofkeyprojectsunderconstructionsuchasJiangxiBankandPostalSavingsBankofChina.Atthesametime,itfollowedthekeyprojectsofcentralstate-ownedenterprisesclosely,suchasChinaInvestment,ChinaResourcesGas,andChinaCoal.ItwonthebidfortheprojectofChinaOilandGasPipelineNetworkCorporationatthebeginningofthisyear.Thisprojectisunderconstructionasplanned. Intelligent electrical products: The Company made substantial inroads into sectors such as railwaytransportationandsocialmarketsandcontinuallyenhancedtheprojectquality,asexemplifiedbythesuccessfulbidsforNingboMetroLine6,JinanUrbanRailTransitLine6andGuangzhouMetroLine3projects.Furthermore, its proactive engagement with prominent civil market integrators yielded success, with the CompanysecuringtheconstructionprojectsforBeijingTongzhouServiceCenterandYan'anCigaretteFactory.Smartlightingproducts:TheCompanyincreaseditseffortsintechnologicalinnovationofsmartlightingproductsandactivelypromotedmarkettransformation.TheCompanyactivelydevelopeditsleadingproductssuchassmartlightingmanagementplatformandIoT-basedmainssupplyproducts,andwonthebidsforChinaTower's street lamp standardized productand equipment procurementproject and China Unicom DigitalTechnology'scentralizedprocurementprojectforstreetlampcontrollers.(2)TheCompanyadheredtoinnovation-drivenstrategiesandsteadilyenhancedthecorecompetitivenessofitsproducts. It steadfastly pursued scientific and technological innovation to drive its development and growth,continuallystrengthenedcoretechnologiesappropriatetoitscorporatedevelopmentstrategies,andconstantlyenhanced its competitiveness. Based on its own advantages and aiming at becoming a domestic leaderspecialized in offering information, communication and intelligent electrical products and solutions, it continuallyaccumulatedawiderangeoftechnologies,suchasphysicalconnection,multimediacommunicationandapplicationintegrationinthefieldofcommunication,intelligentandintegratedbuildingcabling,completesetsofintelligentLVdistributiontechnology,IoT-basedsolarandgrid-connectedstreetlampcontrollersystemtechnology,etc.TheproducttechnologiesoftheCompanyweredrivenbyrequirementsofcustomersonthemarket.Itpersistedininnovationtoprovidemultipleoptimizationprograms.Itconstantlyimprovedcustomersatisfactionandthecompetitivenessofitsproducts. Itstrengthenedtheconstructionofnewplatforms.Inthefirsthalfofthisyear,itssubsidiariesNanmanElectricalandPutianDatangreceivedthetitleof"Provincial-LevelSpecializedandSophisticatedSMES"respectively.ItssubsidiarySouthernTelecomobtainedthenationalmilitarystandardsystemcertification.Duringthereportingperiod,theCompanyfiled6patentapplications,amongwhich4wereinventionpatents,aswellas3applicationsforsoftwarecopyright.Itwasgranted10patentlicenses,amongwhich4wereinventionpatentsand6wereutilitymodelpatents.Itparticipatedinthepreparationof3nationalstandards.(3)TheCompanydeepenedreformanddevelopmentandaccelerateditstransformativeupgrades.Withinthereportingperiod,theCompanystrovetoenhancepoliticalandorganizationalfunctionsofitspartyorganizationandcontinuallypromoteddeeperintegrationofitspartybuildingandbusinessactivities.Itshigh-qualitypartybuildingeffortsensuredtheefficientcorporatedevelopment.Itinsistedonstrategicplanning as a driving force and leveraged existing advantageous industries (i.e., information, communication and electricalproducts).Itplacedaprominentemphasisonbolsteringthecomplementaryprovisioningcapabilityofnetworkandinformationsystems.This,inturn,propelledtheenhancementoftheCompany'soverarchingcapability to provide solutions integrating “products + technology + services" to continually propel the realizationofbusinessstrategicobjectives.Tostrengthenthededicationtoitsprimaryresponsibilitiesandcore business,itfurtherpromotedindustrialrestructuring,acceleratedliquidationofloss-makingsubsidiaries,and strovetorefineoperationalexcellence. II.Analysisofcorecompetitiveness 1.Marketingability Thecompanyalwaysadherestothemarket-orientedapproachandhasestablishedamaturemarketingnetwork.Ithasprovidedlong-termservicesforcustomersacrossadiverserangeofsectors.Theseincludecentralenterprises,governmentagencies,financialinstitutions,railtransitcompanies,electricpowercompanies,healthcareproviders,andInternet-basedbusinesses.Ithasextensiveindustryexperience.Inaddition,theCompanyhasestablishedofficesinBeijing,Xi'an,Shanghai,Chengdu,Wuhan,Shenzhenandothercities,andformedlocalizedmarketingteamstoprovidecustomerswithprofessionalandin-depthservices,includingsales,technicalandcommercialteams. 2.Productcompetitiveness TheCompanystaunchlyadherestoaninnovation-drivenstrategy,systematicallyintensifyingtheR&Dofnovelproductstoelevateitscorecompetencies.TheCompanyhasmorethan20yearsofrichprofessionalandtechnicalserviceexperienceinthefieldofsmartconferencing.Byvirtueofindependentinnovation,itsself-developed products have been widely recognized by customers such as central enterprises, government, financial and medical institutions. The Company has established the Southern Telecom IntelligentCollaboration Experience Center, which fully leverages the technical advantages of the self-developed intelligentmanagementplatformandHuawei-brandedproducts.TheCompany'sself-developedGlarunseriesvideoconferencingproductsarecenteredonthe"1+3+NRuijingIntelligentManagementPlatform",whichcanplanandbuildacompleteintelligentspaceforcustomersandcomprehensivelyenhancethenewexperienceofintelligentspace.Itintelligentcablingproductsarepositionedinthehigh-endmarket.Itprovidespremium-quality solutions for integrated cabling and intelligent building systems. Exhibiting robust competitive advantages in market sales and producttechnicalstandards,these products have emerged as formidablesubstitutesforinternationalbrands.Itsintelligentpowerdistributionproductsfindextensiveapplicationsinrail transportation,airports,andterminals,consistentlymaintainingaprominentpositionintherailtransportation sub-sector.Itsmarketstandingisattributedtothehighprofessionalismandstrongcompetitivenessofitsproducts.Inthefieldofsmartlighting,theCompanyhasalongstandingcommitmenttocultivatingexpertiseinthedomainofenergy-efficientcontrollersystems.ThesmartlightingproductsareincorporatedintointegratedsolutionsofadvancedIoT-basedsolarenergy,grid-connectedstreetlampcontrollersandsmartstreetlampsforcustomers.ThisdedicationhasculminatedintheestablishmentofanintegratedecosystemthatencompassesR&D,manufacturing,andlarge-scalesales. 3.Brandinfluence TheCompanyisaninformationandcommunicationssubsidiaryofacentralenterprise.SouthernTelecomtakesprideinanimpressivearrayofvideoconferencingproducts,includingthe"Ruijing"and"Ruizhi"series.Theseofferingshavegarneredsignificantrecognitionwithinthedomesticmarket.PutianTelegehasearnedtheprestigiousdistinctionofbeingrecognizedasafamousbrandofintegratedcablingproductsinJiangsuProvince,aswellasarenownedprovincialtrademark.Consistentlyrankingamongthetoptendomesticcomprehensivecablingbrandsfor19consecutiveyears,theseproductshavepositionedthemselvesasindustryleaderspoisedtosubstitute forforeign counterparts.NanmanElectricalis aprominentbrandwithinthe railtransportationindustry.PutianDatanghasastrongbrandinfluenceinthefieldofenergy-savingcontrol.III.Analysisofmainbusiness Overview See“I.MajorbusinessoftheCompanyduringthereportingperiod”fordetails.Year-on-yearchangesinmajorfinancialdata Unit:yuan
NosignificantchangesoccurredintheprofitcompositionorprofitsourcesoftheCompanyduringthereportingperiod Compositionofoperatingrevenue Unit:yuan
?Applicable □Notapplicable Unit:yuan
businessdataaccordingtotherangeadjustedattheendofthereportingperiodinthelatestperiodis□Applicable ?Notapplicable IV.Analysisofnon-mainbusiness ?Applicable □Notapplicable Unit:yuan
1.Significantchangesinassetcomposition Unit:yuan
□Applicable ?Notapplicable 3.Assetsandliabilitiesmeasuredatfairvalue ?Applicable □Notapplicable Unit:yuan
WhethertherewereanysignificantchangesinthemeasurementattributesoftheCompany'smainassetsduringthereporting period □Yes?No 4.Restrictedassetrightsasoftheendofthereportingperiod Assetswithrestrictedownershiporuserights (1)Details
Inadditiontotheabove-mentionedassetswithrestrictedownershiporuserights,theCompanypledgeditsequityinterestsinitssubsidiaries,namely96.99%equityinNanjingSouthernTelecomCo.,Ltd.(withcapitalcontributionof33.17millionyuan)and100%equityinNanjingNanmanElectricalCo.,Ltd.(withcapitalcontributionof41.14millionyuan)toChinaPotevioInformationIndustryCo.,Ltd.forgrantingloanstotheCompanybytheentrustedfinancialcompany, andregisteredthepledgeoftheCompany's equityintheAdministrationsforMarketRegulationrespectivelyinQinhuaiDistrictandJiangningDistrict,Nanjing.TheparentcompanyCETCGlarunGroupCo.,Ltd.providedguaranteefortheCompany'sloanfromCETCFinanceCo.,Ltd.,andtheCompanypledgedits40%equityinNanjingPutianTelegeIntelligentBuildingLtd.(withcapitalcontributionof8millionyuan)totheparentcompany,andregisteredthepledgeoftheCompany'sequityintheAdministrationforMarketRegulationinJiangningDistrict,Nanjing.Thetransferoftheequityintheabove-mentionedsubsidiariesisrestrictedbeforethepledgesarereleased.VI.Analysisofinvestmentstatus 1.Overview ?Applicable □Notapplicable
3.Majorongoingnon-equityinvestmentsduringthereportingperiod □Applicable ?Notapplicable 4.Investmentinfinancialassets (1)Securitiesinvestment □Applicable ?Notapplicable Therewasnosecuritiesinvestmentduringthereportingperiod.（未完）  |