[年报]宁通信B(200468):2024年年度报告（英文版）
原标题:宁通信B:2024年年度报告（英文版） AnnualReport2024 [April2025] AnnualReport2024 SectionIImportantNotes,ContentsandInterpretations TheBoardofDirectors,BoardofSupervisors,directors,supervisorsandseniorexecutivesoftheCompanyguaranteethetruthfulness,accuracyandcompletenessoftheAnnualReport,andensurethattherearenofalserecords,misleadingstatementsormajoromissions,andtheywillbeheldindividuallyandjointlyliableforanylegalliabilitythatmayarise. ShenXiaobing,thepersoninchargeoftheCompany,andZhangJie,the personinchargeofaccounting,andZhangJingxia,thepersoninchargeoftheaccountingfirm(accountingsupervisor),declarethat:theyguaranteethetruthfulness,accuracyandcompletenessofthefinancialstatementsintheAnnualReport.AlldirectorsattendedtheboardmeetingatwhichthisAnnualReportwasconsidered. ThisAnnualReportcontainsforward-lookingstatementsconcerningfutureplanssuchastheCompany'sbusinessplan.Itisimportanttonotethatthesestatementsarenotintendedtoconstituteasubstantivecommitmenttoinvestors,andinvestorsandrelatedpartiesshouldexercisesufficientriskawarenessandcarefullyconsiderthedifferencesamongplans,forecasts,andcommitments. In“SectionIIIDiscussionandAnalysisoftheManagementTeam”,theCompanyhasprovidedananalysisofthepotentialrisksthatmayaffecttheCompany'sdevelopment.Weencourageinvestorstoreviewthissectioncarefully. TheCompanyplanednottodistributecashdividendsandbonusshares,orincreaseitssharecapitalfromprovidentfund. Contents SectionIImportantNotes,ContentsandInterpretations.....................................................................................2 SectionIICompanyProfileandMainFinancialIndicators.................................................................................7 SectionIIIDiscussionandAnalysisoftheManagementTeam..........................................................................12 SectionIVCorporateGovernance.........................................................................................................................31 SectionVEnvironmentalandSocialResponsibilities..........................................................................................62 SectionVIImportantMatters................................................................................................................................63 SectionVIIChangesinSharesandShareholders..............................................................................................105 SectionVIIIInformationonPreferredShares...................................................................................................113 SectionIXInformationonBonds.........................................................................................................................114 SectionXFinancialStatements.............................................................................................................................115 ContentsofDocumentsforFutureReference (I)FinancialstatementscontainingthesignaturesandsealsofthepersoninchargeoftheCompany,thepersoninchargeof accountingworkandthepersoninchargeoftheaccountingfirm(accountingsupervisor).(II)Theoriginalauditreportcontainingthesealoftheaccountingfirmandthesignaturesandsealsofthecertifiedpublic accountants. (III)TheoriginalsofallCompanydocumentsandannouncementspubliclydisclosedduringthereportingperiod.Interpretations
I.Companyinformation
AccountingfirmsengagedbytheCompany
FinancialconsultantengagedbytheCompanytoperformcontinuoussupervisiondutiesduringthereportingperiod?Applicable□Notapplicable
DoestheCompanyneedtoretroactivelyadjustorrestatetheaccountingdataofpreviousyears□Yes?No
isnegative,andtheauditreportforthelatestyearshowsthatthereisuncertaintyabouttheCompany'sabilitytocontinueasa goingconcern □Yes?No TheloweroftheCompany'snetprofitbeforeandafterdeductionofnon-recurringprofitsandlossesisnegative?Yes□No
Duringthereportingperiod,thereisnodifferencebetweenthenetprofitandnetassetsinthefinancialreportsdisclosedin accordancewithinternationalaccountingstandardsandChineseaccountingstandards.2.DifferencesinnetprofitsandnetassetsinthefinancialreportsdisclosedinaccordancewithoverseasaccountingstandardsandinaccordancewithChineseaccountingstandardsDuringthereportingperiod,thereisnodifferencebetweenthenetprofitandnetassetsinthefinancialreportsdisclosedin accordancewithoverseasaccountingstandardsandChineseaccountingstandards.VIII.Mainquarterlyfinancialindicators Unit:yuan
quarterlyreportandsemi-annualreportdisclosedbytheCompany □Yes?No IX.Itemsandamountsofnon-recurringprofitsandlosses ?Applicable□Notapplicable Unit:yuan
Otherprofitsandlossesthatmeetthedefinitionofnon-recurringprofitsandlossesaremainlyincomegeneratedfromtheliquidationofsubsidiaries. Explanationofdefiningthenon-recurringprofitandlossitemslistedintheExplanatoryAnnouncementNo.1onInformation DisclosurebyCompanieswithPublicSecuritiesOfferings-Non-recurringProfitsandLossesasrecurringprofitandlossitems □Applicable?Notapplicable The Company does not define the non-recurring profit and loss items listed in the Explanatory Announcement No.1 on InformationDisclosurebyCompanieswithPublicSecuritiesOfferingsasrecurringprofitandlossitems.SectionIIIDiscussionandAnalysisoftheManagementTeam I.IndustryinwhichtheCompanyoperatesduringthereportingperiod AccordingtodatareleasedbytheMinistryofIndustryandInformationTechnology,thecommunicationsindustryachievedsteadygrowthin2024,withhigh-qualitydevelopmentprogressingsolidly.Theinfrastructureofnetworkssuchas5Gandgigabitopticalnetworkshasbeenfurtherimproved,andthepopularizationofvariousapplicationscontinuestodeepen,layingasolidfoundationforpromotingthedeepintegrationofthereal economy and the digital economy, and injecting strong momentum into the development of amanufacturingpowerhouse,acyberpowerhouse,andadigitalChina. The communication equipment manufacturing industry is an important foundation of the communicationindustry.Drivenbynationalpolicies,thecommunicationequipmentmanufacturingindustryisgenerallyfacinggooddevelopmentopportunities;Additionally,thecommunicationequipmentmanufacturingindustryisafullycompetitiveindustry,withagreatmanyofplayersinfiercecompetition.In terms ofsmart conferencing products, video conferencing will be deeply integrated with AI, VR/ARtechnologiestoachievehigh-definitionandimmersivemeetingexperiences,withmorecompletemulti-platformintegrationandmobility.Itwillespeciallyacceleratepenetrationinfieldssuchasfinance,healthcare,education, andcross-bordercollaboration,bringingvastdevelopmentspacetotheCompany’svideoconferencingproducts.Chinaisactivelypromotingtheconstructionofnetworkinfrastructure,improvingnetworkbandwidthandsignaltechnologytoensuresmoothandstablevideoconferencing.Additionally, cloudcomputing-relatedpoliciesencourageintegrationwithvariousindustries,promotingthedevelopmentofcloudvideoconferencing,allofwhichprovidesolidsupportforthecontinuedadvancementofthevideoconferencingindustry.Intermsofsmartcablingproducts,theexpansionofdatacentersandcloudcomputingdrivesthepopularizationofopticalfibercabling.Theriseofsmartbuildingshaspromptedintegratedcablingsystemstoincorporatemoresensorsandcontrolunitstoachievebuildingautomation.WirelesstechnologiessuchasWi-Fi6and5Gintegrationwillprovideaseamlessconnectionexperience.The“East-to-westComputingResourceTransferProject”optimizeslayout,promotescoordinatedlinkages,andenhancestheoverallnationalcomputingpower.Demandforcablingin ultra-large data centershas surged, with high-speedopticalfibers andintelligentmanagementsystemsbecomingmainstream,offeringnewopportunitiesandbroadermarketdemandfortheCompany’sintegratedcablingandsupportingdatacenterproducts. Intermsofsmartlightingproducts,withtheimplementationofthenational“carbonemissionspeakandcarbonneutrality” strategy and the promotion of smart city construction, as well as the rapid development of technologiessuchastheInternetofThings,bigdata,andartificialintelligence,smartlightingproductswillbecomemoreintelligent,automated,andpersonalized.Thenetworkingofstreetlightshasbecomefundamentalurbangovernanceinfrastructurewithvastmarketpotential.TheCompany’sgrid-connectedandsolarenergystreetlight controller products and integrated solutions based on the Internet of Things have promising developmentprospects. II.MajorbusinessoftheCompanyduringthereportingperiod AsoneoftheimportantprovidersofproductsandsolutionsinthefieldofinformationandcommunicationinChina,theCompanyhasadheredtothestrategyof"products+solutions+services"andconstantlyacceleratedproduct innovation, industrial restructuring, and transformation and upgrading. In accordance with the developmentstrategycenteredonthe“3+1”industrialmainline,theCompanyactivelyintegratesintotheindustrialsegmentoftheCETCcyberinformationsystem,focusingonthedevelopmentofcommunicationnetwork infrastructure, multimedia communication products and integration business, while continuously strengthening its capabilities in smart lighting products and precision manufacturing business. In the communicationnetworkinfrastructurebusiness,emphasisisplacedonthedevelopmentofproductssuchassmartcablinganddatacenterequipmentrooms,strivingtobecomeamainstreambrandinhigh-reliabilitysystemintegratedcablingapplications;inmultimediacommunicationproductsandintegrationbusiness,focusis onsustainedR&D investmentinthe fieldofmultimedia communicationandinnovationinintelligentapplications,withbusinesspositioninggraduallytransitioningto“smartconferencing”tohelptheCompanyseizeopportunitiesinthespatialintellectualizationindustry;inthesmartlightingproductbusiness,emphasisis placedondevelopingIoT-basedsmartlightingsystems,solarandgrid-connectedcontrollers;intheprecisionmanufacturingbusiness,focusisonpromotingacomprehensiveupgradeofmanufacturingequipmentandprocesstechnology,graduallyimprovingcapabilitiesinprecisionsheetmetalandprecisionmanufacturingbusiness. TheCompanyanditssubsidiariesmainlyoperateinsectorssuchassmartconferencing,smartcabling,andsmartlighting.Theirkeyproductsincludemultimediacommunicationandapplicationsolutions,integratedsmartbuildingsolutions,IoT-basedgrid-connectedandsolarenergystreetlightcontrolsystems,etc.Theseproductsprimarilyservelargecentralenterprises,governmentbodies,andcustomersfromindustriessuchasfinance,electricpower,andhealthcare. ThesubsidiarySouthernTelecommainlyoffersmultimediacommunicationandapplicationsolutionstocentralenterprisesandlargeandmediumindustrycustomersinthefieldsofgovernment,finance,andmedicalcare;Itssubsidiary Telege mainly provides customers with mid-to-high-end integrated cablingand smart building systemsolutions;thesubsidiaryPutianDatangmainlyprovidescustomerswithgrid-connectedandsolarenergystreetlightcontrollers,andIoT-basedsmartstreetlightmanagementandcontrolsolutions.The Company mainly obtains business opportunities by participating in project bidding. It designs,manufactures or purchases equipment required by customers according to project requirements, and isresponsibleforinstallation,commissioningandsystemintegration,andrealizesprofitsafterdeductingcostaccording to contract prices. The Company's operating performance is mainly affected by the capitalexpenditure, information technology investments and bidding results of central enterprises, government agencies, financial institutions, customers from the rail traffic industry and other industries, as well as fluctuationsinrawmaterialpricesandchangesinothercosts. III.Analysisofcorecompetitiveness 1.Marketingability TheCompanyconsistentlyadoptsamarket-orientedapproach,hasestablishedarobustmarketingnetwork,andhasextensiveexperienceservingsectorsincludingcentralenterprises,governmentbodies,andcustomersfromindustriessuchasfinance,railtransit,electricpower,healthcare,andinternet.Moreover,theCompanyhassetupofficesinmajorcitiesincludingBeijing,Xi'an,Shanghai,Chengdu,Wuhan,andShenzhen,assemblinglocalizedmarketingteamsincludingthesales,technical,andbusinessteamstooffercustomersprofessionalandin-depthservices. 2.Productcompetitiveness TheCompanystaunchlyadherestoaninnovation-drivenstrategy,systematicallyintensifyingtheR&Doftechnicalserviceexperienceinthefieldofsmartvideoconferencing;ByvirtueofindependentR&D,itsself-developed products have been widely recognized by industrial customers such as central enterprises,government,financialinstitutions,andmedicalinstitutions.Itssmartcablingproductsarepositionedinthehigh-endmarket.Itprovidespremium-qualitysolutionsforintegratedcablingandintelligentbuildingsystems.Exhibitingrobustcompetitiveadvantagesinmarketsalesandproducttechnicalstandards,theseproductshaveemerged as reputable proprietary substitutes for international brands. In the field of smart lighting, the Company has been deeply engaged in developing energy-efficient controller systems, primarily offering customers advanced smart streetlight solutions integrating IoT-based solar energy and grid-connected streetlightcontrollers.IthasestablishedacompletesystemthatencompassesR&D,manufacturing,andlarge-scalesales. Duringthereportingperiod,theCompanyfiledfor23newpatents,including9inventionpatentsand14utilitymodelpatents,andsubmitted20newsoftwarecopyrights.Itreceivedapprovalfor20newpatentsandsecured19newsoftwarecopyrights,participatedindrafting4nationaland2industrystandards.SouthernTelecomwasrecognizedasanInnovativeSmallandMedium-sizedEnterpriseofJiangsuProvinceandreceivedNanjing’sDigitalEconomyITSSCertification;PutianTelegewasawardedthenational-level“SMEGiant”titleforspecialized,refined,characteristic,andinnovativeenterprises;PutianDatangwasrecognizedasaspecialized, refined,characteristic,andinnovativeSMEofJiangsuProvince. 3.Brandinfluence TheCompany,asubsidiaryofastate-ownedenterprise,operateswithintheinformationandcommunicationssector.SouthernTelecomoffersaseriesofvideoconferencingproductssuchasRuijingandRuizhi,andenjoysahighreputationinChina;PutianTelegehasearnedtheprestigiousdistinctionofbeingrecognizedasafamousbrandofintegratedcablingproductsinJiangsuProvince,aswellasarenownedprovincialtrademark.Securingthe“TopTenIntegratedCablingBrands”awardfor20consecutiveyears,PutianTelegeunderscoresitsleadershipinsubstitutingimportswithintheindustry;PutianDatangholdssignificantbrandinfluenceintheenergy-savingcontroldomain. IV.Analysisofmainbusiness 1.Overview Theyear2024isacriticalyearfortheimplementationofthe14thFive-YearPlan,akeyyearforfullyimplementingtheguiding principlesoftheThird PlenarySession ofthe20thCentralCommitteeoftheCommunistPartyofChina,andayearinwhichtheCompanycontinuedintegratingintoCETCGlarunandexpandedsteadily.Facingmultiplechallengessuchasmarketcompetition,theCompanystrengthenedstrategicmanagement,continuouslyenhanceditsdevelopmentstrategy, scientificallycoordinatedvariousresources,effectivelyimplementedkeytasks,andmadefirmstridesintheprocessofhigh-qualitydevelopment.Withthegoalofbecomingstrongerandmorespecialized,theCompanygraspedindustrydevelopmenttrends,optimizedindustriallayout,promotedsynergisticdevelopment,andshapedcoreandcomparativeadvantages;focusingonpromotinghigh-qualitydevelopment,itadheredtoagoal-orientedapproachandfurtherrefinedanddeepenedreform;usingtheresolutionofpracticalproblemsasanopportunity,itpromotedthegovernanceofloss-makingenterprises,coordinateddevelopmentandsecurity,andactivelypreventedandresolvedmajorrisks;withanemphasis on consolidating foundations, it accelerated the improvement of management capabilities,strengthenedthemanagementclosedloop,andfocusedonsolvingfundamentalproblemsthatrestricttheimplementationofreformandtransformationinitiatives. Duringthereportingperiod,theCompanyachievedoperatingrevenueof811.6705millionyuanandnetprofitattributabletoshareholdersoftheListedCompanyof11.3769millionyuan,ceasingtoloseandbeginningtoturnoutaprofitcomparedtothesameperiodofthepreviousyear. Developmentofmainbusinessduringthereportingperiod: TheCompanytargeteditsmainresponsibilityandbusinessdirectionintheinformationandcommunicationfield,focusingontheindustriallinesof“communicationnetworkinfrastructure,multimediacommunicationproductsandintegration,smartlightingproducts,”leveragingtheadvantagesoftheCETCplatform,optimizingindustriallayout,andstrivingtobecomeaprofessionalsupplierintheinformationandcommunicationfieldandaprofessionalserviceproviderinhigh-reliabilityapplicationfields.Intermsofsmartconferencingproducts,theCompanyfocusedonpromotingtheintelligentupgradeandtransformationoftwomajorbusinesses:videoconferencingandconferenceroomintegration.TheCompanyacceleratedindependentproductR&D.TheRuijingInformationReleaseSystemwassuccessfullyadaptedtomultipleprojectsandputintooperation,furtherenhancingtheCompany’scustomizationservicecapabilitiesinvideoconferencingandinformationreleasesystems.TheCompanyeffectivelyadvancedkeyongoingprojectssuchasthe“PipeChina”andthe“HubeiCentralizedControlCenter.”Additionally,itkeptpacewithmajorprojectsofthefinancialindustryandcentralstate-ownedenterprises,achievingbreakthroughsinprojectsofChinaPostGroupandChinaCITICBank,andimplementedprojectsofSINOMACHandAirChina.Intermsofsmartcablingproducts,theCompanyseizedthetrendofdomesticsubstitutionandstrivedtocapturethereplacementmarketofimportedproductsinhigh-endindustries,withkeybreakthroughsinindustriessuchasfinance,airports,andhealthcare,resultinginpilotcasessuchastheMPOpre-terminatedcablingprojectofacommandcenter.TheCompanyactivelyexploreddomesticsubstitutionofrawmaterialsandcross-price-tiersubstitutionthroughresearchonmaterialperformance,improvementsinproductionprocesses,andoptimizationofproductionflows.Duringthereportingperiod,theCompanycompletedR&Donprojectsincludingthe800G-1.6Topticalcablingsystem,new-generationsmartcablingsystemandintegratedcablingmanagementplatform,andintegratedcablingsystemsforindustrialinternetandindustryapplications.The400G/800GandMPOpre-terminatedproductsweresuccessfullyappliedintherenovationprojectoftheintelligentcomputingcenterofSINOPECGeophysicalResearchInstituteandthebigdatacomputingcenterprojectofINESA.TheCompanyhaswonthe“Top10IntegratedCablingBrands”awardfor20consecutiveyears.Intermsofsmartlightingproducts,theCompanymadeitsfirstbreakthroughintotheoperatormarket,winningbidsforprojectssuchas“StandardizedStreetlightProductProcurementofChinaTowerAnhuiBranch”and“CentralizedProcurementofStreetlightControllerProductsofChinaUnicom.”Italsobrokeintonewareasoftheoverseasmarket,workingwithLoputosuccessfullyimplementsmartstreetlightprojectsinEthiopiaandotherinternationalbusinesses.Newsmartlightingtechnologiesandproductsfilledmarketgapsinspecificsegments.ThesmartlightingmonitoringterminalandresidentialenergystorageMPPTcontrollerhaveenteredusertrials.Thestreetlightlightingsystemenergystoragecontrollersuccessfullypassedproductacceptanceand testingbyCECEPandseveralotherclients. 2.Revenueandcosts (1)Compositionofoperatingrevenue Unit:yuan
oroperatingprofit ?Applicable□Notapplicable Unit:yuan
businessdataaccordingtotherangeadjustedattheendofthereportingperiodinthelatestyearis□Applicable?Notapplicable (3)WhethertheCompany'sphysicalsalesrevenueisgreaterthanthelaborservicerevenue?Yes□No
Duringthereportingperiod,theCompanytransferreditsequityinitssubsidiaryNanjingNanmanElectricalCo.,Ltd.toexternal parties.Therefore,bytheendoftheperiod,theCompanyhadnoinventoryintheelectricalindustry.(4)TheperformanceofmajorsalescontractsandmajorpurchasecontractssignedbytheCompanyasofthereportingperiod ?Applicable□Notapplicable Theperformanceofsignedmajorsalescontractsasofthereportingperiod?Applicable□Notapplicable Unit:10,000yuan
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