Financial Performance - The company achieved operating revenue of ¥307,371,785.34, representing a year-on-year growth of 5.89%[3] - Net profit attributable to shareholders reached ¥58,292,123.27, an increase of 8.22% compared to the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥58,258,529.75, up 8.16% year-on-year[5] - Basic earnings per share decreased to ¥0.87, reflecting a decline of 14.71% compared to the previous year[5] - Total assets at the end of the reporting period were ¥731,513,487.12, a growth of 13.46% from the beginning of the period[5] - Shareholders' equity attributable to the company increased to ¥612,449,728.56, marking a 6.67% rise from the start of the period[5] Strategic Initiatives - The company's strategy focused on dual-driven development through R&D and market expansion, contributing to revenue growth[6] - The company implemented stock buybacks as part of its equity incentive plan, which positively impacted net profit[6] - The basic earnings per share decline was attributed to increased expenses or dilution effects from stock buybacks[5] Cautionary Notes - The financial data presented is preliminary and has not been audited, cautioning investors about potential risks[7]

Financial Performance - Net profit attributable to shareholders for the first nine months of 2022 was RMB 43,423,189.01, representing a growth of 12.00% year-on-year[15]. - Operating income for Q3 2022 was RMB 105,037,054.90, reflecting a 16.69% increase compared to Q3 2021[16]. - The net profit margin for Q3 2022 was 24.57%, up from 22.22% in Q3 2021, indicating improved profitability[16]. - The weighted average return on equity for the first nine months of 2022 was 7.33%, down from 11.72% in the same period last year[15]. - The company reported a net profit margin of approximately 0.4% for the first nine months of 2022, compared to 0.5% in the same period of 2021[64]. - Net profit for Q3 2022 was ¥25,712,794.75, up from ¥20,019,975.72 in Q3 2021, reflecting a growth of approximately 28.0%[66]. - The company achieved a net profit of ¥43,161,839.90 for the first nine months of 2022, compared to ¥38,771,916.11 in the same period of 2021, representing an increase of approximately 11.5%[66]. - The company reported a total profit of CNY 32,315,562.66 for the first nine months of 2022, compared to CNY 25,793,194.45 in 2021, indicating a year-over-year increase of approximately 25.5%[70]. Cash Flow - The net cash flow from operating activities for Q3 2022 was RMB 21,856,209.32, a significant increase of 276.20% year-on-year[16]. - Cash flow from operating activities generated a net amount of CNY 28,830,862.18 in the first nine months of 2022, a significant improvement from a net outflow of CNY 25,125,946.64 in the same period of 2021[72]. - Financing activities generated a net cash inflow of CNY 1,872,244.83 in the first nine months of 2022, a decrease from CNY 29,046,312.72 in the same period of 2021[73]. - Cash inflow from operating activities totaled $210,114,178.86, compared to $200,329,877.88, showing a growth of 4.39%[76]. - Cash outflow for operating activities decreased to $180,513,148.46 from $218,637,121.18, a reduction of 17.43%[76]. Assets and Liabilities - Total assets as of September 30, 2022, reached RMB 701,015,211.18, an increase of 8.73% compared to the end of the previous year[15]. - The total liabilities as of September 30, 2022, were 90,554,634.15 yuan, compared to 64,174,149.69 yuan at the end of 2021, showing an increase of about 40.9%[57]. - Total current assets amounted to 593,291,123.50 yuan, an increase from 562,625,248.18 yuan at the end of 2021, representing a growth of approximately 5.95%[56]. - The total non-current liabilities reached ¥13,465,116.35 in 2022, up from ¥6,385,420.84 in 2021, indicating a growth of about 110.0%[62]. - Total assets as of September 30, 2022, amounted to ¥743,143,831.01, up from ¥675,820,359.67 at the end of 2021, indicating a growth of about 10.0%[62]. Investments and Acquisitions - The company acquired 40% equity in Weite Vision to expand its presence in the military industry, enhancing its competitiveness in public safety digital management[22]. - The company acquired 40% equity in Shenzhen Weite Vision Technology Co., Ltd. for 12 million yuan, completing the payment and registration by August 29, 2022[47]. - The company increased its fixed assets by 44.31% to RMB 31,374,000 due to enhanced investment in R&D center construction[17]. - Long-term investments increased significantly to ¥32,566,511.25 in 2022 from ¥19,246,000.00 in 2021, reflecting a growth of approximately 69.5%[61]. Shareholder Information - The total number of ordinary shares is 66,999,900, with 56.81% being unrestricted shares and 43.19% being restricted shares[27]. - The largest shareholder, Jin Wenming, holds 23,853,070 shares, representing 35.60% of the total shares[30]. - The company approved a share repurchase plan with a maximum repurchase price of ¥18.80 per share, targeting to repurchase between 750,000 and 1,500,000 shares, representing 1.12%-2.24% of the total share capital[43]. - As of June 30, 2022, the company repurchased 949,827 shares at a total cost of ¥9,991,237.95, accounting for 44.58% of the maximum repurchase fund[44]. - By August 31, 2022, the company had repurchased a total of 1,501,245 shares, representing 2.24% of the total share capital, with a total expenditure of ¥15,971,606.77[45]. Financing Activities - The company has entered into a credit agreement with China Merchants Bank for a credit limit of 25 million yuan, with a term of 12 months[36]. - The company has also signed a working capital loan agreement for up to 20 million yuan with Shenzhen Small Guarantee Co., Ltd., with a loan term of 1 year[36]. - The financing activities cash outflow has increased by 109.27% year-on-year, contributing to the decrease in net cash flow from financing activities[23]. - The company secured a credit facility of ¥20,000,000 from Hangzhou Bank Shenzhen Branch, with a 12-month term, and received ¥10,000,000 in September 2022[37]. Research and Development - The company has relocated its R&D center to a new site in Shenzhen to better support its technological development needs[48]. - Research and development expenses for Q3 2022 amounted to ¥7,411,734.32, significantly higher than ¥3,197,372.28 in Q3 2021, marking an increase of about 132.5%[69]. Other Information - The company has no significant litigation or arbitration matters during the reporting period[34]. - There are no major related party transactions or external guarantees during the reporting period[34]. - The company has not implemented any profit distribution or capital increase from reserves during the reporting period[53]. - The company completed the business registration changes and obtained a new business license as of August 25, 2022[51].

Intellectual Property and Innovation - The company obtained a patent for "High-Precision Trajectory Recovery Method, System, and Electronic Device" in January 2022[5] - The company received four software copyright registrations in March and April 2022, including "Guangdao Smart Security Video Access Control System Software V1.0"[7] - The company obtained the ITSS Level 3 Compliance Certificate in April 2022[8] - The company has obtained 1 invention patent and 4 software copyrights, significantly enhancing the technical competitiveness of its products[44] - The company is focused on developing smart city solutions, particularly in urban public safety digital management, leveraging its expertise in big data[38] - The company is actively investing in R&D for new and existing products to strengthen its product portfolio in urban public safety[43] - The company is in the process of developing data governance products, which are currently in the R&D stage and have not yet generated revenue[40] - The company has implemented measures to prevent talent loss and technology leakage, including establishing partnerships with research institutions[84] - The company has a strong focus on protecting its intellectual property, having not experienced any infringement incidents during the reporting period[85] Financial Performance - The company reported total revenue of ¥104,118,921.54, a decrease of 13.25% compared to the previous year[32] - Net profit attributable to shareholders was ¥17,591,743.46, down 6.19% year-over-year[32] - The gross profit margin improved to 48.15%, up from 45.95% in the previous year[32] - Total assets increased by 7.52% to ¥693,185,136.57, while total liabilities rose significantly by 64.29% to ¥115,923,201.82[33] - The weighted average return on equity decreased to 3.02% from 5.45% year-over-year[32] - The company reported a significant increase in lease liabilities, which rose to CNY 10,818,383.90 from CNY 2,385,420.84, an increase of 353.5%[145] - The company reported a decrease in retained earnings by CNY 5,372,717.20 due to profit distribution to shareholders[168] Customer Concentration and Market Risks - In the first half of 2022, the top five customers accounted for 95.36% of total sales revenue, indicating a high customer concentration risk[14] - The company has established long-term and stable partnerships with clients in the public security and telecommunications sectors, but economic and policy changes could significantly impact operations[82] - The company is actively expanding its product application areas and adjusting its product structure to mitigate risks associated with high customer concentration[83] - The company faces risks related to rapid technological innovation and must increase R&D investment to keep pace with industry changes[83] Corporate Structure and Governance - The company established a subsidiary, "Guangdao Digital (Zhejiang) Technology Co., Ltd." in March 2022[7] - The actual controller of the company is Jin Wenming, who is also the controlling shareholder[27] - The company has a registered capital of 66,999,900 RMB[28] - The company’s stock is traded on the Beijing Stock Exchange[26] - The board of directors consists of 6 members, while the supervisory board has 3 members[125] - The chairman and general manager, Jin Wenming, holds 35.60% of the total shares, amounting to 23,853,070 shares[127] - There were changes in the board, with new appointments including Yang Bin as a director and Wang Yang as an independent director[130] Cash Flow and Financing Activities - The company achieved a net cash flow from operating activities of ¥6,974,652.86, a turnaround from a negative cash flow of ¥12,721,947.76 in the previous year, representing a 154.82% improvement[34] - The net cash flow from financing activities was 22,675,138.17 CNY, up 147.98% year-over-year, driven by an increase in cash received from borrowings[72] - The company signed a working capital loan agreement with Beijing Bank for a loan amount of ¥10,000,000, with a guarantee provided by Jin Wenming and Zhao Lu[92] - A loan agreement was signed with Industrial Bank for a loan amount of ¥10,000,000, with guarantees from Jin Wenming, Zhao Lu, and Guangdao High-tech (Beijing) Technology Co., Ltd.[93] Shareholder Information and Equity - The total share capital of the company is 66,999,900 shares, with no preferred shares issued[27] - The largest shareholder, Jin Wenming, holds 23,853,070 shares, representing 35.60% of the total shares[107] - The top ten shareholders collectively hold 41,206,581 shares, accounting for 61.50% of the total shares[107] - The company approved a share repurchase plan with a maximum price of 18.80 CNY per share, intending to buy back between 750,000 and 1,500,000 shares, representing 1.12%-2.24% of the total share capital, with an estimated total repurchase fund of 14.1 million to 28.2 million CNY[97] Operational Efficiency and Management - The company has optimized its internal management structure to improve operational efficiency and respond quickly to market demands[49] - The company has not experienced any major changes in significant risks during the reporting period[16] - The company has not engaged in any significant litigation or arbitration matters during the reporting period[89] - The company has not implemented any stock incentive plans during the reporting period[134] Market and Industry Context - The company operates in a rapidly evolving industry, necessitating timely responses to technological advancements and market demands[15] - The company focuses on the construction of new smart cities, specifically in the field of urban public safety digital management, involving the research, production, sales, and service of big data intelligent products[26] - The company experiences seasonal fluctuations in business volume, particularly in the second half of the year, due to clients' budget management practices[85]

Financial Performance - Operating revenue for the first quarter of 2022 was CNY 8.04 million, down 72.03% from CNY 28.74 million in the same period last year[16] - Net profit attributable to shareholders for the first quarter of 2022 was a loss of CNY 10.05 million, a decrease of 1,334.16% compared to a loss of CNY 0.70 million in the previous year[16] - Basic earnings per share for the first quarter of 2022 were -CNY 0.15, a decrease of 975.62% from -CNY 0.01 in the previous year[17] - Operating revenue for Q1 2022 was 6,628,899.37 yuan, a decrease from 28,005,759.58 yuan in Q1 2021[53] - Operating profit for Q1 2022 was -8,239,565.62 yuan, compared to a profit of 446,543.35 yuan in Q1 2021[54] - The net profit attributable to the parent company was -10,052,888.16 yuan, compared to -700,958.37 yuan in the same period last year, indicating a significant decline[51] - The total comprehensive income attributable to the parent company was -10,052,888.16 yuan, compared to -700,958.37 yuan in the same period last year[51] Cash Flow - The net cash flow from operating activities for the first quarter of 2022 was CNY 2.62 million, an increase of 28.93% from CNY 2.03 million in the same period last year[16] - Cash and cash equivalents amounted to CNY 229,319,729.12 as of March 31, 2022, compared to CNY 214,295,726.25 at the end of 2021, an increase of about 7%[45] - The total cash outflow from operating activities was 26,980,925.32 yuan, compared to 45,907,705.90 yuan in the same period last year[58] - The company reported a net cash inflow from financing activities of 13,053,978.40 yuan, compared to 6,253,172.21 yuan in the same period last year[58] - The net cash flow from operating activities increased to $4,737,971.47 from $631,210.83, showing significant improvement[60] - Cash inflow from operating activities totaled $28,926,157.44, while cash outflow was $24,188,185.97, resulting in a positive cash flow[60] Assets and Liabilities - Total assets as of March 31, 2022, were approximately CNY 639.58 million, a decrease of 0.80% compared to the end of the previous year[15] - The company's asset-liability ratio as of March 31, 2022, was 11.69% on a consolidated basis, compared to 10.94% at the end of the previous year[15] - Total liabilities increased to CNY 78,943,742.56, up from CNY 70,195,123.71, representing an increase of approximately 12.5%[47] - Total equity decreased to CNY 598,036,406.66 from CNY 605,625,235.96, a decline of about 1.5%[47] - Total current liabilities increased to ¥69,048,644.84 from ¥64,174,149.69, reflecting a rise of about 7.0%[42] - Short-term borrowings rose to ¥59,950,000.00 from ¥46,120,000.00, marking an increase of approximately 29.0%[42] Shareholder Information - The total number of ordinary shareholders as of the report date was 10,455[22] - The company reported a total shareholding of 40,958,526 shares, representing 61.13% of total shares outstanding[26] - The largest shareholder, Jin Wenming, holds 23,853,070 shares, accounting for 35.60% of total shares[25] - The company’s total number of shareholders with more than 5% ownership includes only one entity, Jin Wenming[25] - The company’s shareholding structure shows a decrease in shares held by Shenzhen Mogaochuang Investment Co., Ltd. from 3,825,000 to 2,868,750 shares[25] Operational Challenges - The company faced operational challenges due to pandemic control measures, impacting product delivery and logistics[16] Corporate Governance - The company has no ongoing litigation or arbitration matters during the reporting period[30] - There were no significant related party transactions or external guarantees reported[30] - The company has not engaged in any share buyback activities during the reporting period[30] - The company has fulfilled all commitments during the reporting period without any overdue or violation issues[37] - No profit distribution or capital reserve transfer to share capital was executed during the reporting period[38] Investments and Capital - The company has established a credit facility with China Merchants Bank for a total amount of 25,000,000 yuan, which includes various types of credit services[31] - In March 2022, the company, along with partners, established Guangdao Digital (Zhejiang) Technology Co., Ltd. in Hangzhou, completing the registration process[32]

Company Qualifications and Certifications - The company obtained a Level 4 qualification certificate for safety technology prevention system design, construction, and maintenance in April 2021[5]. - The company passed the CMMI Level 3 certification in September 2021, indicating improved process maturity[7]. - The company received 12 computer software copyrights in November and December 2021, enhancing its intellectual property portfolio[9]. - The company holds multiple patents, including a patent for a wireless perception-based security monitoring method and system obtained in July 2021[6]. Financial Performance - The company's operating revenue for 2021 was CNY 290,276,683.13, representing a year-over-year increase of 28.56% compared to CNY 225,790,010.96 in 2020[35]. - The net profit attributable to shareholders for 2021 was CNY 53,864,507.72, which is a 13.65% increase from CNY 47,395,221.29 in 2020[35]. - The total assets increased by 62.74% in 2021, reaching CNY 644,717,547.35, compared to CNY 396,175,234.03 at the beginning of the year[37]. - The company's total liabilities at the end of 2021 were CNY 70,559,570.53, a 15.07% increase from CNY 61,317,609.29 at the beginning of the year[37]. - The weighted average return on equity for 2021 was 11.85%, down from 15.20% in 2020[35]. - The gross profit margin for 2021 was 44.96%, down from 47.18% in 2020[35]. - The company reported a basic earnings per share of CNY 1.02 for 2021, an increase of 8.51% from CNY 0.94 in 2020[35]. Market and Customer Concentration - The top five customers accounted for 95.06% of the company's sales revenue, indicating a high customer concentration risk[16]. - The company has established long-term stable partnerships with clients in public security and telecommunications sectors, which are crucial for future growth[16]. - The company is actively expanding its market presence by establishing partnerships with public security departments to increase market share[58]. - The company is focused on developing smart community solutions to address challenges in data utilization and resource allocation during the ongoing pandemic[65]. Research and Development - The company is committed to increasing its R&D investment to keep pace with rapid technological advancements in its industry[17]. - Research and development expenses increased by 24.29% to CNY 25.39 million from CNY 20.43 million in the previous year, primarily due to higher personnel costs[80]. - The company has developed a comprehensive product system that includes data collection, governance, and intelligent applications, applicable to various government and enterprise units[147]. - The company is investing in new R&D projects, including the purchase of servers and software development tools[96]. Corporate Governance and Structure - The actual controller of the company is Jin Wenming, with no concerted actors[29]. - The company has established five core departments to optimize internal management and improve operational efficiency[63]. - The company has implemented a "sales-service" integrated marketing network to provide localized services to downstream partners and end customers[58]. - The company has established a comprehensive internal control system to mitigate risks associated with the actual controller's influence on operations[151]. Shareholder Information and Stock Issuance - The company was listed on the Beijing Stock Exchange on November 15, 2021, with a total public offering of 16.7499 million shares, resulting in a total share capital of 66.9999 million shares[9]. - The total number of unrestricted shares increased from 26,396,930 to 35,151,327, an increase of 8,754,397 shares, representing 52.46% of the total shares[176]. - The total number of restricted shares increased from 23,853,070 to 31,848,573, an increase of 7,995,503 shares, representing 47.54% of the total shares[177]. - The company raised a total of 205,186,275 CNY from its public offering, with 16,749,900 shares issued at a price of 12.25 CNY per share[187]. Risks and Challenges - The company faces risks related to high customer concentration, technological innovation, and potential talent loss in a competitive market[16]. - The company is committed to data governance and quality management to enhance its product offerings[21]. - The company has implemented measures to prevent talent loss and technology leakage, including partnerships with research institutions for talent development[154]. Community and Social Responsibility - In November 2021, the company donated RMB 500,000 to the Central University of Finance and Economics for smart community construction and operation management research[8]. - The company aims to enhance urban governance efficiency and public safety through innovative technology solutions[24]. - The company is committed to providing high-quality products and professional services to support the development of smart cities[117].