北京流金岁月传媒科技股份有限公司 关于终止实施股权激励计划暨注销股票期权的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 证券代码：834021 证券简称：流金科技 公告编号：2023-050 北京流金岁月传媒科技股份有限公司（以下简称"公司"）于 2023 年 8 月 24 日召开了第三届董事会第十九次会议、第三届监事会第十六次会议，审议通 过了《关于终止实施股权激励计划暨注销股票期权》议案。经审慎研究决定终止 实施股权激励计划（以下简称"本激励计划"或"《激励计划》"），并注销激励对 象已获授但尚未行权的股票期权。现将有关事项公告如下： 一、已履行的决策程序和信息披露情况 1、2021 年 6 月 9 日，公司召开第三届董事会第二次会议，审议通过了《关 于公司<股权激励计划（草案）>》、《关于认定公司核心员工》、《关于提请公司股 东大会授权董事会办理股权激励相关事宜》等议案。同日，公司召开第三届监事 会第二次会议，审议通过了《关于公司<股权激励计划（草案）>》、《关于认定公 司核心员工》等议案 ...

Financial Performance - The company's operating revenue for the first half of 2023 was ¥262,314,634.73, a decrease of 15.83% compared to ¥311,656,842.67 in the same period last year[30]. - The net profit attributable to shareholders of the listed company was ¥6,747,317.82, down 54.87% from ¥14,949,667.16 in the previous year[30]. - The basic earnings per share decreased by 60.00% to ¥0.02 from ¥0.05 in the previous year[30]. - Net profit decreased by 16.44% compared to the same period last year[33]. - The company's total assets decreased to ¥975,536,178.55 in the first half of 2023 from ¥1,041,054,846.27 in the same period of 2022, representing a reduction of 6.3%[178]. - Total liabilities decreased to ¥354,629,368.02 in the first half of 2023 from ¥433,060,383.70 in the same period of 2022, a decrease of 18.2%[178]. - The company's total equity increased from ¥637,914,707.67 to ¥643,752,875.77, a growth of about 0.6%[174]. - The company's total comprehensive income for the first half of 2023 was CNY 12,912,347.96, reflecting a decrease of 59.0% from CNY 31,605,178.26 in the same period of 2022[184]. Operational Challenges - Operating cash flow turned negative, with a net cash flow of -¥87,160,063.99, a decrease of 130.73% from the previous year[32]. - The cash flow from operating activities decreased by 130.73% to -¥87,160,063.99, primarily due to reduced sales collections[99]. - The company's cash flow from operations showed a significant decline, highlighting potential operational challenges that may need addressing[190]. - The company recognizes the risks associated with reliance on the broadcasting and television industry, as changes in capital expenditure and business models of broadcasting operators can impact its main business supply and demand[112]. Research and Development - R&D expenses increased by 67.21% in the first half of the year, reflecting the company's commitment to innovation and technology development[52]. - The company has developed the first embedded hardware 8K professional decoder in the country, providing technical support for major events like the Winter Olympics[47]. - Research and development expenses increased to CNY 12,268,931.01 in the first half of 2023 from CNY 7,337,426.79 in the same period of 2022, an increase of 67.0%[180]. - The company is focusing on continuous investment in R&D and talent development to keep pace with industry technological changes and ensure timely product innovation[112]. Market Position and Strategy - The company plans to expand its product offerings, including 5G+4K/8K ultra-high-definition solutions and a family entertainment platform[40]. - The company is focusing on enhancing its core business while expanding innovative business lines and increasing R&D investments[52]. - The company aims to enhance its core competitiveness by adjusting its business strategies in response to market conditions and strengthening cooperation with upstream and downstream enterprises[111]. - The company plans to deepen collaborations with brand audio manufacturers and OTT channels to explore social interaction scenarios further[44]. Awards and Recognition - The company won the "2022 Annual High-tech Leading Enterprise" award from Wabei Network in February 2023[6]. - The company received dual honors for "National Worker Pioneer" and "Innovation Studio" in April 2023[10]. Asset Management - Total assets decreased by 8.33% to ¥1,026,327,785.64 compared to the previous year[31]. - The company's asset-liability ratio (consolidated) improved to 37.28% from 43.02% year-on-year[31]. - The balance of accounts receivable is ¥391,925,542.67, which accounts for 38.19% of total assets, reflecting a 5.62% increase from the previous year[87]. - The inventory balance is ¥222,175,951.10, representing 21.65% of total assets, with a 5.20% increase compared to the previous year[87]. Corporate Governance - The company has implemented measures to standardize its governance structure to mitigate risks associated with shareholder control[110]. - The company is committed to monitoring national policies and regulations to establish a responsive mechanism to mitigate industry policy risks[111]. - The company has established a management system to oversee outsourced production processes and ensure product quality[113]. Shareholder Information - The company has a total of 314,999,983 shares outstanding, with 75.21% being unrestricted shares[148]. - The largest shareholder, Wang Jian, holds 69,236,761 shares, representing 21.98% of the total shares[152]. - The company has a profit distribution policy that ensures profits are shared among new and existing shareholders based on their respective shareholdings[144]. Future Outlook - The company plans to focus on market expansion and new product development to drive future growth[180]. - Future outlook remains cautious due to the significant losses reported in the current period[198].

Financial Performance - Operating revenue for Q1 2023 was ¥102,661,947.79, a decline of 33.51% year-on-year[11] - Net profit attributable to shareholders decreased by 43.64% to ¥7,750,392.36 compared to the same period last year[11] - The company reported a total operating profit of 8,952,506.66 for Q1 2023, down from 14,046,791.32 in Q1 2022, a decline of about 36.5%[61] - Total comprehensive income for Q1 2023 was 6,947,664.34, down from 11,213,724.05 in Q1 2022, a decrease of approximately 38.5%[62] - The total profit for Q1 2023 was 8,942,549.33, down from 14,046,389.06 in Q1 2022, reflecting a decrease of about 36.5%[61] - Basic earnings per share for Q1 2023 were 0.02, compared to 0.04 in Q1 2022, indicating a decrease of 50%[62] Assets and Liabilities - Total assets decreased by 8.89% to ¥1,020,147,025.67 compared to the end of last year[11] - The company’s total liabilities to assets ratio decreased to 36.78% from 43.02% year-on-year, indicating improved financial stability[11] - Total liabilities decreased from CNY 481,723,235.00 to CNY 375,254,653.66, a reduction of about 22.1%[54] - Current liabilities decreased from CNY 471,765,447.64 to CNY 366,051,243.87, a decrease of approximately 22.4%[53] - Total equity increased from CNY 637,914,707.67 to CNY 644,892,372.01, an increase of about 1.5%[54] Cash Flow - Cash flow from operating activities showed a net outflow of ¥104,760,873.32, a decrease of 25.13% compared to the previous year[12] - Operating cash inflow for Q1 2023 was CNY 139,116,672.40, an increase from CNY 128,015,533.19 in Q1 2022, representing a growth of approximately 7.1%[67] - Net cash outflow from operating activities for Q1 2023 was CNY -104,760,873.32, an improvement compared to CNY -139,924,397.27 in Q1 2022[68] - Cash inflow from investment activities in Q1 2023 was CNY 387,354,342.34, up from CNY 290,218,053.13 in Q1 2022, indicating a growth of about 33.5%[68] - The ending cash and cash equivalents balance for Q1 2023 was CNY 132,857,372.16, compared to CNY 107,587,755.97 in Q1 2022, reflecting an increase of approximately 23.4%[68] Research and Development - R&D expenses increased by 74.88% to ¥5,020,825.80, reflecting the company's commitment to enhancing research and development[13] - Research and development expenses increased to 5,020,825.80 in Q1 2023, compared to 2,870,989.24 in Q1 2022, reflecting an increase of approximately 74.5%[61] Shareholder Information - The number of ordinary shareholders increased to 13,752, indicating growing investor interest[18] - The total number of shares held by major shareholders is 153,171,357, representing 48.63% of the total shares[21] - Wang Jian holds 69,236,761 shares, accounting for 21.98% of the total shares[20] - Shanghai Yumi Investment Management holds 15,217,646 shares, representing 4.83% of the total shares[20] - Shanghai Liulian Investment Management holds 14,545,146 shares, which is 4.62% of the total shares[20] Legal and Compliance - There are no significant legal disputes or investigations affecting the company[25] - The lawsuit regarding trademark infringement against Chengdu Jinmaike and Tianjin Jinmaike has a claim amount of CNY 100,000, but it is not expected to significantly impact the company's operations as the related revenue accounts for only 0.02% of the company's net assets[26] - The company has committed to compensating any fines incurred due to non-compliance with production regulations, ensuring no financial loss to the company[44] - The company has guaranteed that the information in its public offering documents is accurate and complete, accepting legal responsibility for any discrepancies[44] Corporate Governance - The company has committed to not misappropriating funds or assets and to avoid any actions that could harm the interests of other shareholders[31] - The actual controller, Wang Jian, has committed to limit share transfers to no more than 25% of his holdings annually during his tenure and not to transfer shares within six months after leaving the company[35] - The company is committed to improving its profit distribution policy to ensure transparency and protect the rights of shareholders, especially minority shareholders[39] - The company has established a performance evaluation system to enhance talent development and competitiveness[39] Future Plans - The company aims to enhance operational efficiency and reduce operational costs, which is expected to significantly improve business performance[38] - The company will strengthen the management of raised funds to ensure they are used effectively for core business projects, enhancing competitiveness and risk resistance[38] - The company will implement measures to ensure compliance with commitments made during the public offering process, including potential penalties for non-compliance[42] - In case of non-compliance due to force majeure, the company will propose new commitments and take measures to minimize investor losses[43]

Revenue and Profitability - In 2022, the company's revenue from the top five customers was 362.949 million RMB, accounting for 45.15% of the total revenue[19] - The company's operating revenue for 2022 was approximately ¥803.72 million, a decrease of 7.01% compared to ¥864.33 million in 2021[38] - The net profit attributable to shareholders for 2022 was approximately ¥20.99 million, representing a significant decline of 69.83% from ¥69.59 million in 2021[38] - The gross profit margin for 2022 was 16.87%, down from 17.79% in 2021[38] - The net profit growth rate for 2022 was -87.45%, indicating a significant decline compared to a growth of 8.33% in 2021[44] - The company's main business revenue decreased by 7.19% to ¥802.14 million, with a notable decline in copyright operation and television program marketing income[119] - The company's cash flow situation remains to be detailed in the upcoming reports, indicating a need for further analysis[131] - The net cash flow from operating activities for 2022 was negative at approximately -¥7.46 million, a decline of 137.60% from ¥19.83 million in 2021[42] - The net profit for 2022 was ¥8.33 million, representing an 87.45% decline from ¥66.36 million in 2021[115] Customer Concentration and Risks - The company has a significant risk due to customer concentration, with the top five customers contributing a substantial portion of revenue[19] - The company has established a risk of bad debts due to reliance on a few major clients, which could impact profit levels and cash flow if any client faces credit issues[22] - The company is facing risks related to dependence on the broadcasting and television industry, which may affect its main business growth due to changes in capital expenditure and competition[197] - The company aims to reduce customer concentration by diversifying its product line and developing other brand channels[198] Business Operations and Strategy - The company is focusing on expanding its service offerings in the integrated operation of television channels and video shopping, adapting to the evolving media landscape[20] - The company aims to enhance operational efficiency through business integration, which may create higher efficiency than independent operations of single business units[21] - The company is committed to maintaining stable development across its core business segments to minimize fluctuations in financial indicators[194] - The company is focusing on integrating its business units to improve operational efficiency and maintain competitive advantages[196] - The company is exploring new marketing experiences through innovative technologies to enhance user engagement with video content[195] Innovation and Technology Development - The company is focused on innovation and talent acquisition to enhance its service offerings, although there are risks associated with the effectiveness of these innovations[21] - The company has increased its R&D investment in ultra-high-definition transmission solutions, 5G industry applications, and microwave devices to enhance product competitiveness[69] - The company aims to develop a "5G + 4K/8K Ultra HD" full-process platform to enhance its service offerings in the future[69] - The company is committed to the development of 5G and industrial internet, with over 4,000 projects covering key industries and a significant increase in 5G connectivity in industrial applications[180] - The company has developed its own big data decision-making and analysis systems, which enhance real-time monitoring and data analysis capabilities in the broadcasting field[186] Financial Management and Taxation - The company has been recognized as a high-tech enterprise since July 2015, allowing it to benefit from a 15% corporate income tax rate for three years following each qualification review, with the latest review completed in December 2021[22] - The company's tax incentives accounted for 34.84% of total profits during the reporting period[23] - The company has enjoyed a five-year corporate income tax exemption since it began generating revenue in 2017, and a similar exemption will apply from 2020 for another project[23] - Future adjustments to high-tech enterprise tax incentives or changes in the qualification of subsidiaries may impact the company's operational performance and profit levels[23] Market Trends and Industry Insights - The broadcasting and network audiovisual industry is rapidly evolving towards digitalization and smart technology, increasing competition from telecom operators and content providers[200] - The media industry's digital transformation is supported by new network infrastructure, enhancing media content transmission quality and security[90] - The television screen industry is undergoing transformation, with IPTV and OTT platforms capturing over 20% of viewership share, reaching over 60% of TV audiences[72] - The digital media technology sector has seen rapid growth, with the copyright industry expanding significantly alongside it[83] Talent Acquisition and Management - The company is experiencing a growing demand for talent in areas such as professional technology, business innovation, and market expansion due to its successful listing on the Beijing Stock Exchange[23] - The company has implemented measures to attract, train, and retain talent to mitigate the risk of talent loss and potential bottlenecks in business expansion[23] - The company operates in a talent-intensive industry, which increases the importance of maintaining a high-quality management team[23] Corporate Recognition and Achievements - The company was recognized as a "2021 Second Batch of Beijing Specialized and Innovative 'Little Giant' Enterprises" by the Beijing Economic and Information Bureau in March 2022[6] - The company won the "North Exchange Leader Enterprise" award at the 2022 New Third Board Annual Wind and Cloud List[13] - The company has received multiple network access certification numbers from the National Radio and Television Administration, ensuring compliance with national standards for its products[21] Subsidiaries and Investments - The company has a total of 12 subsidiaries, with 6 wholly-owned and 6 controlled subsidiaries, and 3 associated companies[137] - Significant subsidiaries impacting net profit by over 10% include Beijing Yunshi Interactive and Hainan Dream Space Cultural Media[137][139] - The company acquired an additional 20% stake in Chengdu Gongjue Microelectronics, increasing its ownership to 83.5%[142] - The company is actively expanding its investment portfolio and enhancing its financial asset management strategies[135]

本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个 别及连带法律责任。 证券代码：834021 证券简称：流金岁月 公告编号：2023-011 北京流金岁月传媒科技股份有限公司 2022 年年度业绩 预告公告 特别提示：本公告所载 2022 年年度主要财务数据为初步核算数据，未经会 计师事务所审计，具体数据以公司 2022 年年度报告中披露的数据为准，提请投 资者注意投资风险。 一、本期业绩预告情况 （一）业绩预告期间 2022 年 1 月 1 日至 2022 年 12 月 31 日。 （二）业绩预告情况 预计的业绩：□亏损 □扭亏为盈 □同向上升 √同向下降 预计本报告期与上年同期相比将继续盈利的，应披露以下表格： | 项目 | 本报告期 | | 上年同期 | 变动比例 | | --- | --- | --- | --- | --- | | | （单位：万元） | | （单位：万元） | | | 归属于上市公司股 | | 2,041.43 | 7,593.40 | -73.12% | | 东的净利润 | | | | | 二、 ...

Financial Performance - The company's operating revenue for 2022 was approximately CNY 817.39 million, a decrease of 3.88% compared to the previous year[4] - Net profit attributable to shareholders of the listed company was CNY 20.41 million, down 73.12% year-on-year[4] - Basic earnings per share decreased to CNY 0.06, representing a decline of 75.00% compared to the previous year[4] - The company's net profit after deducting non-recurring gains and losses was CNY 7.50 million, down 88.09% year-on-year[4] Assets and Equity - Total assets at the end of the reporting period were CNY 1,113.11 million, an increase of 22.55% from the beginning of the year[5] - Shareholders' equity attributable to the listed company decreased by 2.24% to CNY 648.95 million compared to the beginning of the year[5] Operational Challenges - The company faced significant impacts from the pandemic, affecting revenue from high-margin television program marketing and drama distribution services[7] - Increased recruitment and operational costs due to business transformation efforts led to higher management and sales expenses[8] Research and Development - The company enhanced its R&D efforts in areas such as ultra-high-definition transmission solutions and 5G applications, resulting in increased R&D expenses[8] Financial Caution - The company warns that the financial data presented is preliminary and subject to audit, urging investors to be aware of investment risks[9]

Financial Performance - The company's operating revenue for the current period is CNY 312,875,430.73, representing an increase of 18.05% compared to the previous year[32]. - The gross profit margin for the current period is 23.86%, up from 22.21% in the same period last year[32]. - The net profit attributable to shareholders of the listed company is CNY 23,335,430.35, a 2.83% increase year-on-year[32]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is CNY 22,839,388.94, reflecting a significant increase of 24.47% compared to the previous year[32]. - The weighted average return on net assets based on net profit attributable to shareholders is 2.05%, down from 3.71% in the previous year[32]. - The basic earnings per share remain unchanged at CNY 0.07 compared to the same period last year[32]. - The company reported a net profit of CNY 15,097,422.64, representing a decrease of 29.51% from CNY 21,417,413.20 in the same period last year[69]. - The company's total assets increased to CNY 864,875,823.36, compared to CNY 811,796,415.30 at the end of the previous period, marking a growth of 6.5%[187]. - Total liabilities rose to CNY 257,167,999.17, up from CNY 213,864,184.06, indicating a 20.2% increase[187]. - The company's equity attributable to shareholders decreased to CNY 658,073,893.00 from CNY 663,819,710.95, a decline of about 0.9%[183]. Customer Concentration and Revenue Sources - The company's top five customers generated revenue of RMB 159.88 million, accounting for 51.09% of total revenue for the first half of 2022[14]. - The company has established long-term stable relationships with major clients, mitigating risks associated with customer concentration[14]. - The company aims to expand its product line and develop other brand channels to reduce customer concentration risk and improve resilience against market fluctuations[102]. Research and Development - The company has developed several core technologies, including 4K SDI audio and video processing technology and big data content recommendation technology[15]. - The company is committed to investing in research and development to keep pace with industry technology trends and ensure timely product innovation[104]. - Research and development expenses for the first half of 2022 were CNY 7,337,426.79, compared to CNY 6,117,963.14 in the same period of 2021, representing a 19.9% increase[190]. Risks and Challenges - The company faces risks related to governance and management as it expands its business scale[14]. - Future risks include potential changes in regulations requiring production licenses, which could hinder the company's ability to continue its satellite digital receiver business[17]. - The company faces risks related to the broadcasting industry, including reduced spending by television stations and increased competition from new media affecting advertising revenues[16]. - The company is aware of the risks associated with talent retention and is actively working to address these challenges as it grows[111]. - The company faces risks related to changes in industry policies that could impact its operations and regulatory compliance[94]. Talent Management - The company faces risks related to talent retention in the competitive broadcasting and network audio-visual industry[12]. - The company has implemented measures for talent attraction and retention to mitigate the risk of talent loss[12]. - The total number of employees increased from 123 to 172, with a net addition of 49 employees during the reporting period[174]. - The number of technical and R&D personnel rose from 34 to 41, reflecting an increase of 7 personnel[174]. Corporate Governance and Shareholder Structure - The company has a controlling shareholder, Wang Jian, who holds 21.98% of the shares directly and controls an additional 9.45% indirectly, totaling 31.43%[92]. - The company is implementing measures to strengthen its corporate governance structure to mitigate risks associated with shareholder control[93]. - The company has established a commitment to not engage in unfair benefit transfers or misuse of company assets[143]. - The company has ongoing commitments to regulate related party transactions, ensuring no misuse of funds or assets[133]. Strategic Initiatives and Future Outlook - The company plans to expand its service offerings to include shopping channels and cartoon channels, enhancing its multi-channel transmission capabilities[15]. - The company is focusing on expanding its market presence through new product development and strategic partnerships[84]. - Future adjustments to tax incentives for high-tech enterprises may impact the company's operating performance and profit levels[12]. - The company is exploring new business models and marketing strategies to adapt to the evolving media landscape and enhance user engagement[98]. Financial Management and Investments - The company has increased its R&D investment and was recognized as a "specialized, refined, distinctive, and innovative" enterprise at the provincial level[48]. - Total investment in financial products reached CNY 724 million, with CNY 50 million in bank financial products and CNY 674 million in other products[81]. - The company has a remaining balance of CNY 29.6 million in financial products that are not yet due[81]. - The company plans to use at least 10 million yuan for stock repurchase within 12 months of listing to stabilize stock prices[140].

Financial Performance - The company's operating revenue for 2021 was CNY 850,369,156.09, representing a 6.25% increase compared to CNY 800,334,528.76 in 2020[33]. - The net profit attributable to shareholders for 2021 was CNY 75,933,990.32, which is a 20.24% increase from CNY 63,151,590.39 in 2020[33]. - The gross profit margin improved to 19.29% in 2021 from 16.61% in 2020[33]. - Total assets at the end of 2021 amounted to CNY 908,327,429.33, reflecting a 1.45% increase from CNY 895,351,829.24 at the beginning of the year[35]. - Total liabilities decreased by 15.33% to CNY 246,291,993.83 in 2021 from CNY 290,896,119.60 in 2020[35]. - The company's net asset attributable to shareholders increased by 9.82% to CNY 663,819,710.95 in 2021 from CNY 604,466,628.93 in 2020[35]. - The basic earnings per share for 2021 was CNY 0.24, up 9.09% from CNY 0.22 in 2020[33]. - The net cash flow from operating activities for 2021 was CNY 19,833,329.71, a significant decrease of 77.84% compared to CNY 89,488,240.13 in 2020[37]. - The company reported a total asset growth rate of 1.45% for 2021, down from 38.63% in 2020[38]. - The total amount of government subsidies recognized in 2021 was CNY 4,417,144.57, up from CNY 1,207,318.37 in 2020[46]. - The company achieved operating revenue of 850.37 million yuan, an increase of 6.25% compared to the previous year[60]. - Net profit attributable to shareholders reached 75.93 million yuan, reflecting a growth of 20.24% year-over-year[60]. - R&D investment increased by 69.59% during the reporting period[60]. - The company reported a significant increase in fixed assets, which rose by 1607.32% to ¥42,900,212.85, primarily due to the purchase of an office building[75]. - The company’s net profit for the current period is 72,706,150.86, representing an 18.68% increase compared to the previous year's 61,261,525.46[79]. Shareholder Information - In May 2021, the company distributed a cash dividend of RMB 1 for every 10 shares, totaling RMB 20,400,000[3]. - In November 2021, the company completed a capital reserve distribution, increasing total shares from 210,000,000 to 314,999,983, with a distribution of 5.147058 shares for every 10 shares held[5]. - The company has a controlling shareholder, Wang Jian, who holds 22.46% of the shares directly and controls an additional 10.72% indirectly, totaling 33.18%[14]. - Major shareholder Wang Jian increased his holdings from 46,700,000 to 70,736,761 shares, representing a change of 24,036,761 shares, which is 22.46% of total shares[197]. - The total number of unrestricted shares increased from 122,822,500 to 182,951,718, representing a change of 60,129,218 shares, which is a decrease in percentage from 58.49% to 58.08%[195]. - The total number of restricted shares increased from 87,177,500 to 132,048,265, with an increase of 44,870,765 shares, resulting in a percentage increase from 41.51% to 41.92%[195]. - The company has 13 subsidiaries, including 6 wholly-owned and 7 controlled subsidiaries, and 3 associated companies[99]. - The company has established a new subsidiary, Guangdong Liujin Tongda Cultural Communication Co., Ltd., with a 40% stake, focusing on brand planning and content operations[103]. Business Operations and Strategy - The company primarily operates in the comprehensive operation service of television channels, with core services including channel coverage, satellite digital receiver development, and television advertising agency services[17]. - The company is focusing on business integration to enhance operational efficiency across its various service units[16]. - The company is actively expanding its channel resources, including shopping and cartoon channels, to enhance its service offerings[15]. - The company is exploring new marketing experiences that connect television screens with mobile terminals to enhance user engagement[15]. - The company is positioned to benefit from the rapid development of digitalization, 5G, and AI technologies in the broadcasting industry[15]. - The company is focusing on the opportunities presented by the 5G industry and plans to accelerate its layout in the ultra-high-definition sector[60]. - The company is committed to enhancing its product competitiveness and innovation capabilities through continuous service and product upgrades[60]. - The company is focusing on the development of a comprehensive business system that integrates mobile, television, broadband, voice, and satellite services[129]. - The company aims to improve its operational quality and social responsibility while providing better content operations and technical services to its clients[130]. Risks and Compliance - The company faces risks related to concentrated customer revenue, as changes in relationships with major clients could adversely affect performance[14]. - The company is subject to risks associated with the broadcasting industry's capital expenditures and competition, which may affect its revenue streams[16]. - The company faces risks related to accounts receivable collection due to potential changes in individual customer credit situations[17]. - The company is facing risks related to industry policy changes that could impact its operations and regulatory compliance[15]. - The company is at risk of not being able to continue its satellite digital receiver business if regulatory changes require production licenses[154]. - The company has established a good relationship with tax authorities to navigate changes in tax policies effectively[151]. - The company has taken measures to ensure compliance with regulations while expanding its business operations[154]. - The company has undergone a corporate restructuring, including the cancellation of a subsidiary with minimal impact on overall operations[106]. Research and Development - The company has developed several core technologies, including 4K hardware encoding and decoding technology, which are crucial for future product development[15]. - The company has a strong emphasis on research and service innovation, holding dozens of patents and software copyrights[15]. - R&D expenditure for the current period amounted to ¥15,575,072.64, representing 1.83% of operating revenue, an increase from 1.15% in the previous period[111]. - The total number of R&D personnel increased from 31 to 34, with the proportion of R&D staff in total employees rising from 27.64% to 31.31%[112]. - Key R&D projects include advanced image recognition technology and a cloud-based messaging system, aimed at enhancing service offerings and operational efficiency[114][115]. - The company has developed a comprehensive service model for television content providers, focusing on channel coverage, content operation, marketing communication, and technical support[49]. Corporate Governance and Management - The company emphasizes the need for improved internal management and governance as it expands its business operations[14]. - The company completed a board and supervisory committee election in May 2021, with terms starting from May 14, 2021[4]. - The company has implemented measures to attract and retain professional talent, essential for its business expansion and innovation[20]. - The company is committed to improving its internal control systems and management training to adapt to its expanding business scale and ensure sustainable development[135]. - The company has established a clear profit distribution policy to enhance shareholder returns and ensure transparency in decision-making[183]. Legal and Regulatory Matters - The company faced a regulatory warning due to a senior executive's failure to disclose a criminal detention, which constituted a violation of information disclosure rules[193]. - The company has been involved in litigation, with a total claim amount of 3,731,722.30 yuan, representing 0.56% of its net assets[158]. - The company guarantees that the public offering prospectus does not contain false records or misleading statements, and assumes legal responsibility for its accuracy[189]. - The company commits to distributing retained earnings to new and old shareholders based on their respective shareholdings after the public offering[190].

Financial Performance - Operating revenue for the first quarter reached ¥154,393,545.09, representing a 64.65% increase year-on-year [19]. - Net profit attributable to shareholders increased by 47.20% to ¥13,750,681.62 compared to the same period last year [19]. - Net profit after deducting non-recurring gains and losses rose by 55.64% to ¥13,579,690.42 year-on-year [19]. - Basic earnings per share increased by 33.33% to ¥0.04 compared to the previous quarter [19]. - Total revenue for Q1 2022 reached ¥154,393,545.09, a significant increase from ¥93,771,092.16 in Q1 2021, representing a growth of approximately 64.6% [66]. - Net profit for Q1 2022 was ¥11,213,724.05, compared to ¥8,960,055.14 in Q1 2021, indicating a year-over-year increase of about 25% [68]. - Operating profit for Q1 2022 was ¥14,046,791.32, up from ¥11,207,530.10 in Q1 2021, reflecting a growth of approximately 25% [67]. - Total comprehensive income for Q1 2022 was ¥11,213,724.05, compared to ¥8,960,055.14 in Q1 2021, showing an increase of approximately 25% [69]. Assets and Liabilities - Total assets increased by 1.15% to ¥918,805,186.64 compared to the end of the previous year [16]. - The company's asset-liability ratio decreased to 26.20% from 28.31% at the end of the previous year [16]. - Total liabilities decreased slightly to ¥244,646,652.09 from ¥246,291,993.83, indicating a reduction of approximately 0.3% [60]. - Current liabilities totaled ¥237,577,833.64, a decrease from ¥238,928,956.96, showing a decline of about 0.6% [60]. - The company's equity attributable to shareholders increased to ¥678,479,767.57 from ¥663,819,710.95, marking an increase of approximately 2.2% [60]. Cash Flow - The company reported a net cash flow from operating activities of -¥139,924,397.27, a slight increase in outflow compared to the previous year [19]. - Cash inflow from sales of goods and services for Q1 2022 was approximately ¥121.41 million, a 32% increase from ¥92.03 million in Q1 2021 [73]. - Net cash outflow from operating activities for Q1 2022 was approximately -¥139.92 million, compared to -¥135.63 million in Q1 2021, indicating a slight increase in cash burn [73]. - Total cash inflow from investment activities in Q1 2022 was approximately ¥290.22 million, significantly higher than ¥183.86 million in Q1 2021 [74]. - Cash outflow for investment activities in Q1 2022 was approximately ¥341.69 million, compared to ¥36.45 million in Q1 2021, resulting in a net cash outflow of -¥51.48 million [74]. Shareholder Information - The registered capital of the company is ¥314,999,983 [15]. - Total unrestricted shares amount to 182,951,718, representing 58.08% of total shares [24]. - Total restricted shares amount to 132,048,265, representing 41.92% of total shares [24]. - The total share capital is 314,999,983 shares [24]. - The largest shareholder, Wang Jian, holds 70,736,761 shares, which is 22.46% of total shares [25]. - The second largest shareholder, a state-owned enterprise, holds 17,267,646 shares, representing 5.48% [25]. - The company has a total of 15,437 common shareholders [24]. - The company has committed to not misappropriating funds or assets through related party transactions, ensuring the protection of shareholder rights [36]. Equity Incentive Plan - The company has granted a total of 6 million stock options to 11 core employees as part of its equity incentive plan [33]. - As of the end of the reporting period, none of the 6 million stock options have been exercised [34]. - The total estimated share-based payment expense for the granted stock options is 7.8342 million yuan, which will be amortized based on the exercise ratio during the implementation of the incentive plan [34]. - The impact of the equity incentive plan on the company's net profit for Q1 2022 is approximately 909,375 yuan [34]. Operational Strategy - The company aims to enhance operational efficiency and reduce costs, targeting significant improvements in operating performance through better management practices [44]. - The company will strengthen the management of raised funds to ensure they are used effectively for core business projects, enhancing competitiveness and profitability [44]. - A commitment to improve talent management and performance evaluation systems is in place to boost development vitality [45]. - The company has established a clear profit distribution policy to enhance shareholder return mechanisms, ensuring transparency and protection of minority shareholders' rights [45]. Compliance and Commitments - The company has confirmed that all documents related to the public offering are free from false records or misleading statements, and all parties involved bear legal responsibility [51]. - The controlling shareholder and actual controller have committed to not transferring benefits unfairly or damaging the company's interests [46]. - If the company fails to fulfill commitments, it will publicly explain the reasons and may face salary reductions for responsible executives [49]. - In case of force majeure, the company will propose new commitments and take measures to minimize investor losses [49].

Financial Performance - The company's operating revenue for 2021 was ¥850,369,156.09, representing a 6.25% increase from ¥800,334,528.76 in 2020[33]. - The net profit attributable to shareholders for 2021 was ¥75,933,990.32, a 20.24% increase compared to ¥63,151,590.39 in 2020[33]. - The gross profit margin improved to 19.29% in 2021 from 16.61% in 2020[33]. - Total assets at the end of 2021 were ¥908,327,429.33, reflecting a 1.45% increase from ¥895,351,829.24 at the beginning of the year[35]. - Total liabilities decreased by 15.33% to ¥246,291,993.83 from ¥290,896,119.60 at the beginning of 2021[35]. - The company's weighted average return on equity was 12.04% in 2021, slightly down from 12.68% in 2020[33]. - The net cash flow from operating activities for 2021 was ¥19,833,329.71, a significant decrease of 77.84% from ¥89,488,240.13 in 2020[37]. - The basic earnings per share for 2021 was ¥0.24, up 9.09% from ¥0.22 in 2020[33]. - The company reported a total asset growth rate of 1.45% in 2021, down from 38.63% in 2020[38]. - The total non-recurring gains and losses for 2021 amounted to CNY 14,299,148.64, a significant increase from CNY 4,818,709.86 in 2020[46]. - The net amount of non-recurring gains and losses after tax for 2021 was CNY 12,964,590.50, compared to CNY 3,989,552.10 in 2020, reflecting a substantial growth[46]. Shareholder and Capital Structure - In May 2021, the company distributed a cash dividend of RMB 1 for every 10 shares, totaling RMB 20,400,000[3]. - In November 2021, the company completed a capital reserve distribution, increasing total shares from 210,000,000 to 314,999,983 by issuing 5.147058 shares for every 10 shares held[5]. - The company's total share capital at the end of 2021 was 314,999,983 shares, a 50% increase from 210,000,000 shares at the beginning of the year[40]. - The number of shares held by the top shareholder, Wang Jian, increased from 46,700,000 to 70,736,761, accounting for 22.46% of total shares[197]. - The number of shares held by the second-largest shareholder, Shanghai Yumi Investment Management Partnership, increased from 11,400,000 to 17,267,646, representing 5.48% of total shares[197]. - The company reported a significant increase in restricted shares from 87,177,500 to 132,048,265, which is a 51.5% increase[195]. - The total number of ordinary shares increased from 210,000,000 to 314,999,983, representing a change of approximately 49.76%[195]. - The proportion of unrestricted shares held by the controlling shareholder decreased from 58.49% to 58.08%[195]. - The company repurchased 6,000,000 shares, representing 1.90% of its total shares outstanding[199]. Customer and Revenue Concentration - The top five customers contributed RMB 48,202.26 million in revenue, accounting for 56.69% of the company's total revenue for the year[14]. - The company's accounts receivable at the end of the reporting period amounted to 312.29 million yuan, primarily from television stations and their affiliates, indicating strong creditworthiness and payment capacity[16]. - The company's major customers accounted for 56.69% of total sales, with the top five customers contributing significantly to revenue[90]. - The company aims to expand its product line and develop other brand channels to reduce customer concentration risk[143]. Technology and Innovation - The company has developed several core technologies, including 4K audio and video processing technology and big data content recommendation technology, which are crucial for maintaining competitive advantage in the rapidly evolving broadcasting and network audio-visual industry[15]. - The company has launched a 4K ultra-high-definition transcoder and an 8K professional decoder, supporting major events like the 70th National Day parade and the Winter Olympics[52]. - The company has developed the upgraded Gauss system, which enhances media coverage operational decision-making and integrates various data analysis functions[50]. - The AVS2 4K ultra-high-definition decoding and transcoding system was developed to meet the needs of national broadcasters, showcasing the company's commitment to technological advancement[116]. - The company is focusing on enhancing its integrated media service capabilities through the continuous upgrade of its technology and service offerings[51]. - Key R&D projects include advanced image recognition technology and a cloud-based messaging system, aimed at enhancing service offerings and operational efficiency[114][115]. - The company is committed to investing in R&D and training to keep pace with industry technology changes and maintain its profitability[146]. Governance and Risk Management - The company faces governance risks as its business expands, requiring higher standards in strategic planning and internal control[14]. - The company is enhancing its internal management and control systems to adapt to its expanding business scale and ensure sustainable development[135]. - The company has a risk associated with reliance on the broadcasting industry, as changes in capital expenditure and advertising revenue could adversely affect its main business[16]. - The company is exposed to risks from industry policy changes, which could impact its operations if macroeconomic policies or regulatory frameworks shift significantly[15]. - The company has a strict bad debt provision policy for long-aged accounts receivable to accurately reflect its asset status[137]. - The company plans to strengthen its collection efforts and improve its receivables management to mitigate bad debt risks[137]. - The company is at risk of non-compliance in its satellite digital receiver business due to reliance on a third-party manufacturer[154]. - The company has ongoing litigation with a total claim amount of 3,731,722.30 yuan, representing 0.56% of the net assets at the end of the reporting period[158]. Strategic Initiatives and Future Outlook - The company is focusing on business integration to enhance operational efficiency, aiming to create a collaborative mechanism among its various business units[16]. - The company is actively working on the "Hundred Cities, Thousand Screens" ultra-high-definition initiative, supporting cities to establish public screens for broadcasting high-quality content[132]. - The company aims to officially launch its 5G services as a top priority, focusing on building a differentiated advantage in the 5G sector and accelerating the integration of wired and 5G networks[128]. - Future outlook includes continued investment in R&D and expansion of product offerings to capture market opportunities in the evolving digital landscape[111][114]. - The company is committed to developing the data value of the Hubble platform to support its own operations and provide industry data reports for partners[56]. Taxation and Incentives - The company has been recognized as a high-tech enterprise since July 2015, benefiting from a 15% corporate income tax rate, which was reaffirmed in September 2018 and December 2021[17]. - Tax incentives accounted for 15.64% of the company's total profit during the reporting period, highlighting the importance of these benefits to financial performance[20]. - The company enjoys a 15% corporate income tax rate as a high-tech enterprise for the years 2021-2023[107]. - The company has received tax exemptions for five years starting from the first year of revenue generation, benefiting from policies in special economic zones[150]. Employee and Talent Management - The company has implemented measures to attract and retain talent, as the industry is talent-intensive and requires high-quality management for future expansion[20]. - The company faces risks related to talent retention, particularly in a talent-intensive industry, which could impact future business expansion[153]. - The total number of R&D personnel increased from 31 to 34, with the proportion of R&D staff in total employees rising from 27.64% to 31.31%[112]. - The company has committed to strengthening talent management and establishing a competitive incentive mechanism to boost development vitality[183]. Compliance and Legal Matters - The company has not reported any overdue or unrecoverable principal amounts in its financial products[98]. - The company has no significant litigation or arbitration matters pending during the reporting period[160]. - The company guarantees that the public offering prospectus does not contain false records or misleading statements, and assumes legal responsibility for its accuracy[189]. - The company has commitments to bear legal responsibilities, ensuring compliance with laws and regulations[175].