● 会 议 召 开 地 址 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） 证券代码：600070 证券简称：ST 富润 公告编号：2023-022 浙江富润数字科技股份有限公司关于 召开 2022 年度暨 2023 年第一季度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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责任。 重要内容提示： ● 会议召开时间：2023 年 6 月 1 日（星期四）下午 16:00-17:00 ● 会议召开方式：上证路演中心网络互动 ● 投资者可在 2023 年 5 月 25 日（星期四） 至 5 月 31 日（星期三）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 zjfr600070@126.com 进行提问，本公司将会在 2022 年度业绩说明会上对投资者 普遍关注的问题进行回答。 浙江富润数字科技股份有限公司（以下简称"公司"）已分别于 2023 年 4 月 28 日、4 月 29 日在上海证券交易所网站 ...

Financial Performance - The company's operating revenue for Q1 2023 was CNY 39,042,749.76, representing a decrease of 0.95% compared to the same period last year[3]. - The net profit attributable to shareholders was a loss of CNY 44,827,468.75, with a diluted earnings per share of -CNY 0.09[3]. - The net cash flow from operating activities was -CNY 86,730,179.44, indicating a significant cash outflow[3]. - Total operating revenue for Q1 2023 was ¥39,042,749.76, a decrease of 0.95% compared to ¥39,418,874.28 in Q1 2022[17]. - The net loss for Q1 2023 was ¥44,258,769.87, an improvement from a net loss of ¥112,603,143.87 in Q1 2022, representing a reduction of approximately 60.7%[18]. - The operating profit (loss) for Q1 2023 was -¥40,600,882.75, compared to -¥100,100,126.83 in Q1 2022, indicating a significant reduction in losses[17]. - The total equity attributable to shareholders was ¥1,182,587,931.72, a decrease from ¥1,227,415,400.47 in Q1 2022[17]. - Basic earnings per share for Q1 2023 were -¥0.09, compared to -¥0.21 in Q1 2022[18]. Assets and Liabilities - Total assets decreased by 6.72% from the end of the previous year, amounting to CNY 1,694,376,375.44[4]. - The company's current assets totaled ¥970,713,876.88, down from ¥1,088,260,719.38 at the end of 2022, indicating a decrease of about 10.8%[11]. - Cash and cash equivalents were reported at ¥34,276,995.46, significantly lower than ¥80,727,698.48 at the end of 2022, reflecting a decline of approximately 57.5%[11]. - The total liabilities decreased to ¥970,713,876.88 from ¥1,088,260,719.38, reflecting a decline of about 10.8%[12]. - The company reported a total liability of ¥519,472,940.10 as of Q1 2023, down from ¥597,263,439.07 in the previous year[17]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,384[7]. - The largest shareholder, Furun Holdings Group Co., Ltd., holds 19.96% of the shares, with 47,000,000 shares pledged[8]. - Zhejiang Zhuji Huifeng Venture Capital Co., Ltd. holds 4.98% of the shares, with 25,000,000 shares pledged[8]. Cash Flow and Expenses - The cash flow statement for Q1 2023 is yet to be detailed, indicating ongoing financial management efforts[19]. - In Q1 2023, cash inflow from sales reached ¥37,441,375.42, a significant increase from ¥27,228,905.26 in Q1 2022, representing a growth of approximately 37.5%[20]. - The net cash flow from financing activities was -¥21,238,194.47 in Q1 2023, compared to -¥3,502,440.04 in Q1 2022, reflecting a decline in financing efficiency[21]. - The company paid ¥17,374,954.63 in employee compensation in Q1 2023, which is a significant increase from ¥10,407,163.62 in Q1 2022, marking a rise of about 66.5%[20]. - Tax payments surged to ¥56,316,310.22 in Q1 2023, compared to only ¥7,659,776.37 in Q1 2022, indicating a rise of approximately 635%[20]. - The cash outflow for purchasing fixed assets was recorded at ¥57,000.00 in Q1 2023, indicating ongoing investment in infrastructure[21]. Operational Costs - Total operating costs decreased significantly to ¥46,318,118.15, down 26% from ¥62,607,776.60 in the same period last year[17]. - Research and development expenses decreased to ¥2,856,439.05, down 75% from ¥11,421,820.54 in the same quarter last year[17]. - The company experienced a significant reduction in financial expenses, which fell to ¥1,246,747.29 from ¥2,427,627.83 in Q1 2022[17]. - The company reported a total cash outflow from operating activities of ¥125,352,549.81 in Q1 2023, compared to ¥70,012,701.57 in Q1 2022, reflecting increased operational costs[20]. Future Outlook - The company has not disclosed any new product developments or market expansion strategies in the current report[10]. - There are no significant changes in the company's future outlook or performance guidance provided in the report[10].

2022年年度报告 公司代码：600070 公司简称：浙江富润 浙江富润数字科技股份有限公司 2022 年年度报告 ...

2022 年第三季度报告 证券代码：600070 证券简称：浙江富润 浙江富润数字科技股份有限公司 2022 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人赵林中、主管会计工作负责人王燕及会计机构负责人（会计主管人员）王燕保证 季度报告中财务信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 (二)非经常性损益项目和金额 单位：元 币种：人民币 | 项目 | 本报告期金额 | 年初至报告期末金额 | 说明 | | --- | --- | --- | --- | | 非流动性资产处置损益 | | | | | 越权审批，或无正式批准文件，或偶发性 | | | | | 的税收返还、减免 | | | | | 计入当期损益的政府补助，但与公司正常 | 274,974.55 | 1,351,894.10 | | | 经营业务密切相关， ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥302,474,296.27, a decrease of 65.20% compared to ¥869,291,789.68 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was -¥66,609,037.70, compared to -¥9,632,797.08 in the previous year, indicating a significant decline[18]. - The basic earnings per share for the first half of 2022 was -¥0.13, compared to -¥0.02 in the same period last year[19]. - The net profit attributable to shareholders, after deducting non-recurring gains and losses, was CNY -59.54 million, a decline of 404.79% year-on-year[32]. - The net profit for the first half of 2022 was a loss of CNY 70,486,114.83, compared to a loss of CNY 12,081,725.89 in the same period of 2021, reflecting an increase in losses of approximately 484.5%[112]. - The total comprehensive income for the first half of 2022 was a loss of CNY 70,486,114.83, compared to a loss of CNY 12,081,725.89 in the same period of 2021, indicating a significant increase in comprehensive losses[113]. Cash Flow and Assets - The net cash flow from operating activities was -¥50,978,709.22, an improvement from -¥137,847,149.80 in the previous year[18]. - The company’s cash and cash equivalents decreased by 53.52% to CNY 854.97 million, attributed to repayment of bank loans[41]. - The company’s investment activities generated a net cash inflow of CNY 32.20 million, a decrease of 69.24% compared to the previous year[36]. - The company reported total assets of CNY 2,592.12 million as of June 30, 2022, a decrease of 4.60% compared to the beginning of the period[33]. - The total assets at the end of the reporting period were ¥2,592,119,225.90, down 4.60% from ¥2,717,112,418.52 at the end of the previous year[18]. - The company’s total liabilities increased to CNY 564,941,026.68 in the first half of 2022 from CNY 527,779,193.04 in the same period of 2021, marking an increase of about 7.1%[109]. Subsidiary Performance - The subsidiary Taiyi Zhishang is engaged in internet marketing and big data analysis, facing increased competition in the advertising sector[25]. - The subsidiary Kasai Technology focuses on 5G user development, with a rapid growth in 5G user numbers expected to continue as infrastructure improves[25]. - The subsidiary Furun Shulian leverages blockchain and big data technology to support digital transformation in various industries[25]. - The subsidiary Kasa Technology generated revenue of CNY 54.79 million, a decrease of 57.97% year-over-year, and reported a loss of CNY 11.99 million, down 249.16% from the previous year[33]. - The subsidiary Zhejiang Furun Network Technology Co., Ltd. recorded a net loss of ¥54.46 million with zero revenue[46]. Strategic Initiatives - The company is actively seeking business transformation while reducing traditional internet marketing operations due to intensified industry competition and macroeconomic uncertainties[32]. - The company plans to accelerate the exit from traditional internet marketing and seek new growth points for sustainable development in the second half of the year[34]. - The company has formed strategic partnerships with major telecom operators to enhance its 5G user development business[30]. Risks and Challenges - The company has outlined various industry and market risks in the report, which investors should be aware of[6]. - The company faces risks related to a large accounts receivable balance, which could lead to credit impairment losses if major clients struggle to meet their payment obligations[49]. - The company reported a credit impairment loss of CNY 426.33 million, an increase of 88.40% compared to the previous year, primarily due to extended collection periods from major clients[37]. Shareholder Information - The controlling shareholder has received approximately CNY 170 million in share transfer payments, accounting for 43% of the total transfer price[50]. - The transfer of 9% of the company's shares by the controlling shareholder remains incomplete, delaying the introduction of strategic investors and the initiation of the IDC project[51]. - The company has not proposed any profit distribution or capital reserve increase plans for the half-year period[59]. - A total of 5,870,154 restricted shares were canceled on July 1, 2022, as part of the company's stock incentive plan adjustments[61]. Accounting Policies - The company has specific accounting policies for financial instruments impairment, fixed assets depreciation, and revenue recognition[134]. - The company recognizes revenue based on the progress of performance obligations, with specific criteria for recognizing revenue at a point in time or over time[195]. - The company measures expected credit losses based on the weighted average of credit losses for financial instruments, considering the risk of default[151]. Regulatory Compliance - The company received a warning letter from the China Securities Regulatory Commission regarding its executives, indicating regulatory scrutiny[78]. - The company has made commitments to avoid engaging in competitive businesses with its controlling subsidiaries, ensuring compliance with relevant laws and regulations[66].

Financial Performance - The company's operating revenue for Q1 2022 was ¥262,231,996.93, representing a decrease of 51.57% compared to the same period last year[4] - The net profit attributable to shareholders was a loss of ¥4,376,667.53, down 104.94% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥41,625,698.18, a decline of 353.15% compared to the previous year[4] - Basic and diluted earnings per share were both -¥0.01, reflecting a decrease of 105.88% year-on-year[4] - The weighted average return on equity decreased by 4.01 percentage points to -0.25%[4] - The company's net profit for Q1 2022 was not explicitly stated, but the decrease in revenue and increase in costs suggest potential challenges ahead[19] - In Q1 2022, the company reported a net profit of -6,733,317.28 RMB, compared to a net profit of 87,095,640.69 RMB in Q1 2021, indicating a significant decline[20] - The total comprehensive income for Q1 2022 was -6,733,317.28 RMB, compared to 87,095,640.69 RMB in Q1 2021, showing a drastic reduction[21] Cash Flow and Liquidity - The net cash flow from operating activities was a negative ¥39,945,145.98, indicating a significant cash outflow[4] - The cash flow from operating activities showed a net outflow of -39,945,145.98 RMB in Q1 2022, compared to -108,684,191.19 RMB in Q1 2021, indicating an improvement in cash flow performance[24] - The company's cash and cash equivalents decreased to RMB 95,582,489.72 as of March 31, 2022, from RMB 183,939,965.41 at the end of 2021, representing a decline of 48.0%[14] - The company’s cash and cash equivalents at the end of Q1 2022 were 45,582,489.72 RMB, down from 218,009,650.83 RMB at the end of Q1 2021[25] - The company reported investment cash inflows of 5,147,110.33 RMB in Q1 2022, significantly lower than 83,780,082.42 RMB in Q1 2021[24] - The financing cash flow showed a net outflow of -3,502,440.04 RMB in Q1 2022, compared to a net inflow of 22,660,825.43 RMB in Q1 2021[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,690,867,537.69, a decrease of 0.97% from the end of the previous year[5] - Total liabilities decreased to RMB 918,000,277.09 in Q1 2022, down 2.0% from RMB 938,511,840.64 at the end of 2021[16] - The total assets as of March 31, 2022, were RMB 2,690,867,537.69, a decrease of 1.0% from RMB 2,717,112,418.52 at the end of 2021[17] - The total equity attributable to shareholders decreased to RMB 1,775,406,478.57 as of March 31, 2022, from RMB 1,778,783,146.10 at the end of 2021, reflecting a slight decline of 0.2%[17] Revenue and Costs - The decline in revenue and profit was primarily attributed to a downturn in the internet business[9] - Total operating revenue for Q1 2022 was RMB 262,231,996.93, a decrease of 51.5% compared to RMB 541,465,423.54 in Q1 2021[19] - Total operating costs for Q1 2022 were RMB 283,819,364.10, down 45.1% from RMB 517,306,517.57 in Q1 2021[19] - Accounts receivable increased to RMB 1,187,351,458.02 in Q1 2022, up 23.7% from RMB 959,257,472.88 in Q1 2021[15] - The company reported a decline in inventory to RMB 7,549,386.94 in Q1 2022 from RMB 7,068,119.32 in Q1 2021, indicating a potential shift in inventory management[15] - Research and development expenses for Q1 2022 were RMB 11,421,820.54, a decrease of 15.5% compared to RMB 13,509,577.90 in Q1 2021[19] Financial Expenses - The company incurred financial expenses of 2,427,627.83 RMB in Q1 2022, a decrease from 11,344,336.77 RMB in Q1 2021[20] - The company’s interest expenses were 3,503,877.30 RMB in Q1 2022, down from 10,424,160.51 RMB in Q1 2021, indicating a reduction in borrowing costs[20]

Financial Performance - In 2021, the company's operating revenue was ¥1,312,128,320.40, a decrease of 56.82% compared to ¥3,039,071,246.81 in 2020[22] - The net profit attributable to shareholders was -¥565,116,320.26, compared to -¥433,266,113.23 in the previous year[22] - The net cash flow from operating activities was -¥284,474,638.58, significantly lower than -¥44,592,224.67 in 2020[22] - The total assets decreased by 26.33% to ¥2,717,112,418.52 from ¥3,688,334,850.83 in 2020[22] - The net assets attributable to shareholders were ¥1,778,783,146.10, down 24.92% from ¥2,369,110,646.20 in the previous year[22] - The company reported a revenue of CNY 1,312.13 million in 2021, a decrease of 56.82% compared to the previous year[31] - The net profit attributable to shareholders was CNY -565.12 million, reflecting a significant decline from the previous year's profit[31] - The basic earnings per share for 2021 was CNY -1.12, compared to CNY -0.86 in 2020[23] - The weighted average return on equity decreased to -27.28% from -16.65% in the previous year, a drop of 10.63 percentage points[23] - The company's main business revenue decreased by 56.72% to CNY 130,092,890.00, primarily due to a decline in internet marketing services[53] - The overall performance indicates a strategic shift away from mask sales and traditional assets, emphasizing growth in information services and technology[54] Subsidiary Performance - Subsidiary Kasei Technology achieved revenue of 221.17 million yuan, a year-on-year increase of 319.21%, and net profit of 18.82 million yuan, an increase of 35.72 million yuan compared to the previous year[32] - Subsidiary Furen Shulian reported revenue of 5.31 million yuan, a year-on-year growth of 159.81%, while net profit was -3.25 million yuan, significantly reducing losses compared to the previous year[33] - The live e-commerce subsidiary, Tai Shu Yi Zhi, generated revenue of 27.67 million yuan but reported a net loss of 5.72 million yuan[33] - The total amount of accounts receivable amounted to RMB 1,215.19 million, with a provision for bad debts of RMB 255.94 million, resulting in a net book value of RMB 959.26 million[190] Investment and Strategic Focus - The company plans to increase investment in 5G communication-focused internet marketing to adapt to market changes[31] - The company is focusing on expanding its market presence in the fields of internet marketing and blockchain technology, leveraging its proprietary technologies[40] - The company is actively improving corporate governance and has initiated a share transfer plan to introduce strategic investors, with 1.7 billion yuan received so far from the transfer of 9% of shares[36] - The company is committed to enhancing operational governance and internal audit functions to ensure healthy operations[81] - The company aims to accelerate the exit from traditional internet marketing business to facilitate business transformation[80] Corporate Governance - The company is actively upgrading its monitoring platform to assist regulatory authorities in identifying illegal activities in live streaming[44] - The company has established a long-term mechanism to prevent the controlling shareholder from occupying the company's funds and harming the interests of the listed company[89] - The company strictly follows legal regulations for information disclosure, ensuring that disclosures are true, accurate, complete, timely, and fair[90] - The board consists of 9 directors, including 3 independent directors, meeting the requirements of the Company Law and relevant guidelines[88] - The supervisory board has 5 supervisors, including 2 employee representatives, complying with legal requirements[88] Risk Management - The company has highlighted various industry and market risks in its management discussion[10] - The audit report issued by Tianjian Accounting Firm includes emphasis on significant uncertainties regarding the company's ability to continue as a going concern[5] - The company has a significant risk related to accounts receivable, with a large balance that may not be recoverable due to clients' financial difficulties[82] - The company reported a fair value change gain of RMB 15.68 million on its financial asset holdings in Gansu Shangfeng Cement Co., Ltd., which had a book value of RMB 561.96 million as of December 31, 2021[186] Employee and Compensation - The company has implemented a restricted stock incentive plan, granting 15,225,386 shares at a price of RMB 3.29 per share[125] - The total compensation for the chairman, Zhao Linzhong, was reported as 114.60 million CNY for the year[95] - The total remuneration for directors, supervisors, and senior management amounted to 12.27 million yuan[104] - The company has established a salary and performance evaluation system for senior management, linking compensation to company performance[128] Legal and Compliance - The company received a warning letter from the China Securities Regulatory Commission regarding the integrity of its executives[151] - The company has not yet received full payment for the performance compensation from shareholders, with a shortfall of 83.6164 million yuan for 2019[84] - The board will continue to urge the promisor to fulfill the compensation obligations for the 2019 performance commitment, and if necessary, will take legal action to protect the interests of the company and all shareholders[85] - The company has not initiated recovery actions against performance commitments from Jiang Yougui and Fu Haipeng, leading to uncertainty regarding the actual recovery amounts[187] Future Outlook - The company plans to continue focusing on opportunities in 5G user development and government digital reform[81] - The company is in the process of transferring 9% of its shares, which may lead to a change in control, with 1.7 billion yuan received so far[83] - The company has faced delays in the registration of a new data technology company due to the slow progress of introducing strategic investors[83]

2021 年第三季度报告 证券代码：600070 证券简称：浙江富润 浙江富润数字科技股份有限公司 2021 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 报表信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期 比上年同 期增减变 | 年初至报告期末 | 年初至报告期 末比上年同期 增减变动幅度 | | --- | --- | --- | --- | --- | | | | 动幅度(%) | | (%) | | 营业收入 | 209,325,234.92 | -70.52 | 1,078,617,024.60 | -46.28 | | ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥869,291,789.68, a decrease of 33.03% compared to ¥1,297,954,796.80 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was a loss of ¥9,632,797.08, representing a decline of 103.57% from a profit of ¥269,676,884.79 in the previous year[20]. - The net cash flow from operating activities was -¥137,847,149.80, a significant decrease of 771.25% compared to ¥20,535,826.35 in the same period last year[20]. - The basic earnings per share for the first half of 2021 was -¥0.02, a decrease of 103.77% from ¥0.53 in the same period last year[21]. - The weighted average return on net assets was -0.41%, a decrease of 9.47 percentage points from 9.06% in the previous year[21]. - The company reported a loss of ¥29,166,411.49 due to various non-operating expenses, including a loss of ¥49,608,647.02 from financial assets and a tax impact of ¥15,924,994.85[24]. - The company achieved operating revenue of 86,929.18 million yuan, a decrease of 33.03% compared to the same period last year[32]. - The net profit attributable to shareholders was -9,632.8 million yuan, a decline of 103.57% year-on-year[32]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was 1,953.36 million yuan, down 81.16% year-on-year[32]. - The company reported a significant net loss of 913.42 million RMB for Hangzhou Taiyi Inventory Information Technology[49]. - The company reported a total of 4,577,864.99 RMB in capital contributions from owners during the period[118]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,597,182,614.65, down 2.47% from ¥3,688,334,850.83 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company were ¥2,364,055,714.11, a slight decrease of 0.21% from ¥2,369,110,646.20 at the end of the previous year[20]. - Total assets as of June 30, 2021, were 359,718.26 million yuan, a decrease of 2.47% from the beginning of the period[32]. - Total liabilities decreased to RMB 1,236,520,150.07 from RMB 1,321,838,578.26, a reduction of approximately 6.5%[101]. - The company's equity attributable to shareholders was RMB 2,364,055,714.11, slightly down from RMB 2,369,110,646.20, reflecting a decrease of about 0.2%[101]. - Total liabilities amounted to ¥526,997,416.19, down from ¥593,143,195.63 in the previous period[105]. Cash Flow - The net cash flow from operating activities was -137,847,149.80 yuan, a decrease of 771.25% compared to the previous year[35]. - The company's cash flow from operating activities showed a net outflow of CNY 137,847,149.80 in the first half of 2021, compared to a net inflow of CNY 20,535,826.35 in the same period of 2020, representing a significant change in cash flow dynamics[112]. - The total cash inflow from investment activities was CNY 121,085,059.87 in the first half of 2021, an increase from CNY 70,807,809.36 in the first half of 2020, reflecting a growth of approximately 70.83%[113]. - The net cash flow from financing activities for the first half of 2021 was CNY 4,848,394.94, a recovery from a net outflow of CNY 60,669,437.07 in the same period of 2020, indicating a positive shift in financing operations[113]. Business Operations and Strategy - The company primarily engages in internet services, focusing on media advertising, live e-commerce, and user development for telecom operators, leveraging big data technology[26]. - The company is focusing on business transformation into live e-commerce and supply chain services amid fierce competition in the internet advertising sector[32]. - The company plans to continue exploring digital transformation, 5G commercialization, and live e-commerce opportunities for sustainable growth[34]. - The company is actively pursuing a business transformation to reduce reliance on internet advertising and enhance its resilience against market risks[52]. - The company plans to expand its market presence through new technology development and strategic partnerships[50]. Risks and Challenges - The company has indicated potential risks in the industry and market, which are detailed in the management discussion and analysis section[6]. - The company has a significant accounts receivable risk due to a large balance in its internet advertising business, which could lead to substantial bad debt losses if major clients face financial difficulties[52]. - The company is facing intensified market competition and is adapting to changes in the economic environment and policy directions[52]. Shareholder and Equity Information - The company did not distribute profits or increase capital from reserves during this reporting period[4]. - The company did not propose any profit distribution or capital reserve transfer plan for the first half of 2021[58]. - The company has established a customer credit rating system to mitigate credit risk and control potential bad debt losses[52]. - The number of shareholders reached 42,876 by the end of the reporting period[85]. - The company granted 15,225,386 restricted stock units at a price of 3.29 yuan per share on May 18, 2021[83]. Technological Capabilities - The company holds 9 invention patents and 45 software copyrights, showcasing its technological capabilities in big data and blockchain solutions[28]. - The company is recognized as a key player in the big data application industry, being a member of several national and provincial technology and advertising associations[31]. - The company has developed a comprehensive digital marketing solution, integrating big data management systems, user tagging, and digital marketing platforms for various clients[30]. - The company is actively exploring blockchain applications, with its products approved by regulatory bodies, indicating a commitment to innovation in this field[28]. Compliance and Governance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[67]. - There were no reported violations regarding guarantees during the reporting period[67]. - The company has not disclosed any environmental information changes during the reporting period[63]. - The company has not reported any measures taken to reduce carbon emissions during the reporting period[64].

Financial Performance - In 2020, the company's operating revenue was CNY 3,039,071,246.81, a decrease of 2.88% compared to CNY 3,129,137,093.00 in 2019[21] - The net profit attributable to shareholders of the listed company was a loss of CNY 433,266,113.23, a decline of 189.25% from a profit of CNY 485,478,552.00 in 2019[21] - The net cash flow from operating activities was a negative CNY 44,592,224.67, down 354.79% from CNY 17,501,280.17 in 2019[21] - Basic earnings per share for 2020 was -0.86 CNY, a decrease of 189.58% compared to 0.96 CNY in 2019[22] - The weighted average return on equity decreased to -16.65% in 2020, down 35.09 percentage points from 18.44% in 2019[22] - Total revenue for Q4 2020 reached 1,031,036,057.33 CNY, with a net profit attributable to shareholders of -781,208,080.91 CNY[24] - The net cash flow from operating activities for Q1 2020 was -17,445,509.66 CNY, indicating cash outflow[24] - The total amount of non-recurring gains and losses for 2020 was 43,712,381.80 CNY after tax effects[27] - The net profit excluding non-recurring gains and losses was -477 million RMB, a year-on-year decrease of 773.66%[46] - The company reported a gross margin of 9.45%, a decrease of 3.95 percentage points year-on-year[50] Asset and Equity Changes - As of the end of 2020, the total assets amounted to CNY 3,688,334,850.83, a decrease of 22.55% from CNY 4,762,245,590.57 at the end of 2019[21] - The net assets attributable to shareholders of the listed company were CNY 2,369,110,646.20, down 16.65% from CNY 2,842,310,700.09 in 2019[21] - The company reported a significant decrease in long-term prepaid expenses, amounting to 82,470.37, down from 1,459,483.46, reflecting a 94.35% decline due to the exclusion of Furun Dyeing and Furun Textile from the consolidated financial statements[68] - The total investment in equity decreased to 72,800,700, down 89,416,300 from the previous year, indicating a strategic reduction in external equity investments[73] Business Strategy and Transformation - The company divested 46% of its dyeing company and 51% of its textile company in September 2020 to focus on emerging businesses[32] - The company plans to continue developing blockchain and big data technologies to enhance its service offerings[32] - The company has shifted its focus to new industries, particularly in big data and internet marketing, while traditional industries face increasing competition and reduced profit margins[41] - The company aims to adapt to changes and seek opportunities in the digital economy, which has become a crucial driver of economic growth[84] - The company plans to leverage the new marketing model of live streaming e-commerce, which gained traction during the pandemic, to enhance sales conversion rates[82] - The company’s operating plan for 2021 emphasizes finding business opportunities amidst uncertainty, focusing on digitalization trends accelerated by the pandemic[84] Research and Development - The company’s research and development expenses were 101 million RMB, an increase of 2.72% year-on-year[47] - The total R&D expenditure for the period amounted to ¥101,012,890.92, representing 3.32% of the operating revenue[61] - The company has developed over 10 versions of the "放心消费" (Safe Consumption) app and has obtained 9 software copyright registrations for its blockchain products[43] - The company has been recognized as a high-tech enterprise and has established partnerships with several universities and research institutes, holding 9 invention patents and 39 software copyrights[37] Corporate Governance and Compliance - The board of directors and senior management confirm the accuracy and completeness of the annual report[9] - The company has not violated decision-making procedures for providing guarantees[7] - The company has established a customer credit rating system to mitigate the risk of large accounts receivable and potential bad debts[87] - The company will continue to comply with the requirements of the Company Law and relevant regulations in exercising shareholder rights and urging directors to do the same[99] - The company has not faced any major litigation or arbitration matters during the reporting period[112] Environmental and Social Responsibility - The company’s environmental protection facilities achieved a stable operation rate of 100% and a solid waste disposal rate of 100% in 2020[127] - The company invested a total of 9,786,800 yuan in environmental protection projects during the reporting period[130] - The company has not experienced any major environmental pollution incidents during the reporting period[125] - The company participated in poverty alleviation projects, providing targeted donations totaling 100,000 yuan to assist a village in Sichuan Province[122] Shareholder and Equity Information - As of the end of the reporting period, the total number of ordinary shares was 521,946,118, with 441,348,060 shares (84.56%) being tradable[148] - The largest shareholder, Furen Holdings Group Co., Ltd., holds 101,273,442 shares, representing 19.40% of total shares, with 49,600,000 shares pledged[154] - The company repurchased 15,225,386 shares through its dedicated securities account, representing 2.92% of total shares[154] - The total number of shares held by the company's directors and senior management decreased from 44,255,988 to 33,579,148, a reduction of 10,676,840 shares[163] Management and Leadership - The current management team includes experienced individuals with backgrounds in various sectors, enhancing the company's strategic direction[164] - The company has implemented a training plan for employees, covering various skill and management training[174] - The board of directors consists of 9 members, including 3 independent directors, complying with legal requirements[178] - The company has maintained a consistent governance presence across its subsidiaries since 2003, reflecting stability and experience in leadership[167]