Financial Performance - The company reported a net profit attributable to shareholders of -9,339,636.30 RMB for 2021, an improvement from -35,482,770.90 RMB in 2020[7]. - Total revenue for 2021 was 263,924,015.88 RMB, representing a 34.24% increase compared to 196,600,847.38 RMB in 2020[23]. - The net cash flow from operating activities for 2021 was -6,212,870.19 RMB, an improvement from -42,809,384.26 RMB in 2020[23]. - The basic earnings per share for 2021 was -0.02 CNY, an improvement from -0.07 CNY in 2020[24]. - The diluted earnings per share for 2021 was -0.02 CNY, compared to -0.07 CNY in 2020[24]. - The weighted average return on equity for 2021 was -3.67%, an improvement from -12.80% in 2020[24]. - The net profit attributable to the parent company was a loss of ¥9,339,600, mainly due to chip supply constraints and pandemic effects[39]. - The company reported a net loss of CNY 434.52 million in 2021, compared to a net loss of CNY 425.18 million in 2020[154]. - The total comprehensive income for 2021 was also a loss of CNY 12,172,468.18, reflecting the same trend as the net profit[165]. Assets and Liabilities - The company's total assets decreased by 5.92% to 416,127,505.80 RMB at the end of 2021, down from 442,334,697.06 RMB at the end of 2020[23]. - The company's total liabilities decreased to CNY 167.09 million in 2021 from CNY 183.95 million in 2020, a reduction of approximately 9.2%[153]. - The company's total equity attributable to shareholders decreased to CNY 250.23 million in 2021 from CNY 259.57 million in 2020, a decline of approximately 3.0%[154]. - The company's cash and cash equivalents were CNY 62.44 million in 2021, down from CNY 67.75 million in 2020, a decline of approximately 7.0%[152]. - The company's inventory decreased to CNY 94.89 million in 2021 from CNY 104.49 million in 2020, a decrease of about 9.2%[152]. Research and Development - Research and development expenses increased by 11.03% to ¥34,853,635.66, reflecting the company's commitment to innovation[40]. - The company reported a total of 219 patents by the end of 2021, including 37 invention patents and 99 utility model patents[35]. - The company is actively involved in the research and development of new technologies and products in the embedded software and automation sectors[56]. - The company plans to enhance its autonomous innovation capabilities and increase investment in original technology and new product development, particularly in the smart manufacturing sector[58]. Market and Strategic Direction - The company is focused on developing intelligent manufacturing products and commercial intelligent terminal products as part of its strategic direction[13]. - The company aims to reduce supply chain intermediate links and turnover time by at least 50% through new technology developments[36]. - The company plans to expand into new application areas and markets based on its technology accumulation in IoT charging products and access control products[37]. - The company will continue to explore new market growth points in smart commercial terminal applications, including identity verification, IoT charging products, and access control products[66]. Governance and Compliance - The company has established a fair and transparent performance evaluation and incentive mechanism for directors, supervisors, and senior management[70]. - The company strictly adheres to the requirements of the Company Law and the Securities Law, ensuring the protection of shareholders' rights and interests[68]. - The company has implemented a comprehensive internal control system, continuously improving its internal control mechanisms based on regulatory requirements[70]. - The company has engaged Zhongshun Zhonghuan Accounting Firm for auditing services, with a fee of RMB 450,000 for the annual audit[111]. Shareholder Information - The company has proposed a three-year shareholder return plan for 2021-2023, indicating a focus on shareholder value[72]. - The total remuneration for all directors, supervisors, and senior management during the reporting period amounted to 2.2248 million yuan[79]. - The total number of ordinary shareholders as of the end of the reporting period was 38,034, a decrease from 40,855 at the end of the previous month[122]. - The company has not provided guarantees for the controlling shareholder or its related enterprises since its listing, maintaining independence in operations and finances[69]. Operational Challenges - The company faces risks from rising raw material costs and supply chain management challenges, which may impact profitability[65]. - The company will strengthen its product design flexibility and optimize supply chain management strategies to address ongoing challenges from the COVID-19 pandemic[66]. - The company has not reported any significant non-operating fund occupation or guarantee issues during the reporting period[109].

2021 年第三季度报告 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 | 年初至报告期末 | 年初至报告期 | | --- | --- | --- | --- | --- | | | | 比上年同 | | 末比上年同期 | | | | 期增减变 | | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 | 69,707,747.53 | 41.82 | 212,233,580.82 | 66.12 | | 归属于上市公司股东的 | 478,073.41 | 105.45 | 2,349,561.21 | 108.77 | | 净利润 | | | | | | 归属于上市公司股东的 | | | | | | ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥142,525,833.29, representing an increase of 81.32% compared to ¥78,605,336.10 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was ¥1,871,487.80, a significant recovery from a loss of ¥18,014,098.36 in the previous year[17]. - The net cash flow from operating activities was ¥13,415,245.28, improving from a negative cash flow of ¥37,218,431.92 in the same period last year[17]. - Basic earnings per share for the first half of 2021 were ¥0.004, recovering from a loss of ¥0.037 per share in the same period last year[18]. - The weighted average return on net assets was 0.72%, a recovery from -6.30% in the previous year[18]. - The company achieved operating revenue of ¥142,525,833.29, representing an 81.32% increase compared to the same period last year[24]. - Net profit attributable to the parent company was ¥1,871,487.80, marking a turnaround from a loss[24]. - Operating costs increased to ¥105,607,207.89, up 70.99% year-on-year, primarily due to the previous year's pandemic impact[25]. - The income tax expense surged by 341.89% to ¥997,369.67, primarily due to an increase in corporate income tax[28]. - Total operating revenue for the first half of 2021 reached ¥142,525,833.29, a significant increase of 81.5% compared to ¥78,605,336.10 in the same period of 2020[73]. - The net profit for the first half of 2021 was ¥1,871,487.80, a turnaround from a net loss of ¥18,014,098.36 in the first half of 2020[73]. Assets and Liabilities - The total assets at the end of the reporting period were ¥453,133,490.07, an increase of 2.44% from ¥442,334,697.06 at the end of the previous year[17]. - The total liabilities increased to ¥192.88 billion from ¥183.95 billion, reflecting a growth of about 4.9%[67]. - The company's equity attributable to shareholders increased to ¥261.44 billion from ¥259.57 billion, a rise of approximately 0.7%[67]. - The total cash and cash equivalents at the end of the period was RMB 49,539,070.19, a decrease from RMB 62,823,305.85 at the end of the first half of 2020[82]. - The total equity attributable to the parent company at the end of the reporting period is CNY 492,089,200.00, compared to CNY 293,863,877.85 at the end of the previous year, reflecting a significant increase[89]. - The total owner's equity at the end of the reporting period is CNY 492,089,200.00, showing a substantial increase from CNY 293,863,877.85 in the previous year[89]. Cash Flow - The net cash flow from operating activities was RMB 13,415,245.28, a significant recovery from a net outflow of RMB 37,218,431.92 in the first half of 2020[81]. - Operating cash inflow for the first half of 2021 was RMB 191,266,996.57, an increase of 23.5% compared to RMB 154,748,130.75 in the same period of 2020[81]. - Cash outflow from investing activities was RMB 1,046,024.21, up from RMB 508,556.60 in the first half of 2020, resulting in a net cash outflow of RMB 786,543.09[82]. - Cash inflow from financing activities decreased to RMB 42,000,000.00 from RMB 71,000,000.00 in the previous year, leading to a net cash outflow of RMB 12,390,847.19[82]. Shareholder Information - The number of ordinary shareholders as of the end of the reporting period is 43,223[56]. - The largest shareholder, Zhang Xueyang, holds 60,000,000 shares, representing 12.19% of the total shares[57]. - The second-largest shareholder, Luo Jianfeng, holds 18,900,000 shares, representing 3.84% of the total shares[58]. - The company has not experienced any changes in its total share capital or share structure during the reporting period[55]. - There are no significant changes in the shareholding of directors, supervisors, and senior management during the reporting period[59]. Research and Development - Research and development expenses were ¥15,940,092.60, reflecting a 4.69% increase compared to the previous year[25]. - The company has accumulated nearly 100 patents and software copyrights, strengthening its core competencies in smart terminal and internet technologies[23]. - The company is transitioning from traditional identity verification products to innovative smart identity recognition applications, addressing fragmented industry user demands and long project cycles[36]. Strategic Initiatives - The company maintained strategic partnerships with leading enterprises in the sewing machinery industry, enhancing its competitive position in smart manufacturing products[22]. - The company plans to enhance its competitive advantages through innovation, market expansion, and improved management practices[23]. - The company plans to continue expanding its market presence and investing in new technologies and products to drive future growth[28]. Risk Management - The company has detailed potential risks in the report, which can be found in the management discussion and analysis section[5]. - The company acknowledges the uncertainty in project promotion due to economic conditions, industry policies, and local regulations[36]. - The company faces rising costs of raw materials and labor, which may lead to decreased profitability, prompting a focus on product design, cost optimization, and supply chain management[35]. Corporate Governance - The company did not propose any profit distribution plan or capital reserve transfer to increase share capital during the reporting period[4]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[5]. - The company has not reported any significant litigation or arbitration matters during the reporting period[48]. - The company maintains a good integrity status, with no significant debts or court judgments outstanding[48]. Accounting Policies - The company follows the accounting standards issued by the Ministry of Finance for financial reporting[101]. - The company’s accounting year runs from January 1 to December 31[104]. - The company regularly reviews judgments and estimates related to accounting policies, which may affect reported amounts of income, expenses, assets, and liabilities[200]. - There were no changes in significant accounting policies or estimates reported for the current period[200].

[Important Notice](index=3&type=section&id=%E4%B8%80%E3%80%81%20%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) [Statement on Truthfulness, Accuracy, and Completeness of the Report](index=3&type=section&id=1.1-1.4) The company's Board of Directors, Supervisory Board, and senior management ensure the truthfulness, accuracy, and completeness of this quarterly report and confirm it has not been audited - The Board of Directors, Supervisory Board, and senior management guarantee the report's content is true, accurate, and complete, free from false records, misleading statements, or major omissions[7](index=7&type=chunk) - This company's first-quarter report is unaudited[7](index=7&type=chunk) [Company Profile](index=3&type=section&id=%E4%BA%8C%E3%80%81%20%E5%85%AC%E5%8F%B8%E5%9F%BA%E6%9C%AC%E6%83%85%E5%86%B5) [Key Financial Data](index=3&type=section&id=2.1%20%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE) In Q1 2021, operating revenue grew **104.28%** to **RMB 65.74 million**, net loss narrowed by **93.68%** to **RMB 0.53 million**, and operating cash flow turned positive, primarily due to pandemic recovery Key Financial Indicators | Indicator | Current Period | End of Prior Year/Prior Period | Change (%) | | :--- | :--- | :--- | :--- | | **Total Assets (RMB)** | 431,152,418.61 | 442,334,697.06 | -2.53% | | **Net Assets Attributable to Listed Company Shareholders (RMB)** | 259,039,857.96 | 259,567,139.44 | -0.20% | | **Operating Revenue (RMB)** | 65,740,924.17 | 32,181,759.12 | 104.28% | | **Net Profit Attributable to Listed Company Shareholders (RMB)** | -527,281.48 | -8,338,885.78 | 93.68% | | **Net Profit Attributable to Parent Company Shareholders After Non-recurring Items (RMB)** | -506,131.52 | -8,580,167.72 | 94.10% | | **Net Cash Flow from Operating Activities (RMB)** | 10,890,470.89 | -23,989,167.50 | 145.40% | | **Basic Earnings Per Share (RMB/share)** | -0.001 | -0.017 | 94.12% | Non-recurring Gains and Losses | Non-recurring Gains and Losses Item | Amount for Current Period (RMB) | | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | -18,640.14 | | Government Grants Included in Current Profit/Loss | 15,026.70 | | Other Non-operating Income and Expenses Apart from the Above | -17,536.52 | | **Total** | **-21,149.96** | [Shareholder Information](index=4&type=section&id=2.2%20%E6%88%AA%E6%AD%A2%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E7%9A%84%E8%82%A1%E4%B8%9C%E6%80%BB%E6%95%B0%E3%80%81%E5%89%8D%E5%8D%81%E5%90%8D%E8%82%A1%E4%B8%9C%E3%80%81%E5%89%8D%E5%8D%81%E5%90%8D%E6%B5%81%E9%80%9A%E8%82%A1%E4%B8%9C%EF%BC%88%E6%88%96%E6%97%A0%E9%99%90%E5%94%AE%E6%9D%A1%E4%BB%B6%E8%82%A1%E4%B8%9C%EF%BC%89%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5%E8%A1%A8) As of period-end, the company had **35,454** shareholders, with top holders Zhang Xueyang and Luo Jianfeng holding **12.19%** and **3.84%**, and the employee stock plan reducing its stake by **0.07%** - As of the end of the reporting period, the company had **35,454** shareholders[10](index=10&type=chunk) Top Shareholders | Shareholder Name | Number of Shares Held (shares) | Percentage of Total Share Capital (%) | | :--- | :--- | :--- | | Zhang Xueyang | 60,000,000 | 12.19 | | Luo Jianfeng | 18,900,000 | 3.84 | | Xia Chongyang | 12,320,000 | 2.50 | | Cai Yuanhong | 6,003,874 | 1.22 | | Jinglun Electronics Co., Ltd. - First Phase Employee Stock Ownership Plan | 5,970,000 | 1.21 | - The company's first phase employee stock ownership plan reduced its holdings by **330,000 shares** through the secondary market on January 12, 2021, representing **0.07%** of the company's total share capital, with its stake decreasing to **1.21%** after the reduction[11](index=11&type=chunk) [Significant Events](index=5&type=section&id=%E4%B8%89%E3%80%81%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) [Analysis of Significant Changes in Key Financial Statement Items and Indicators](index=5&type=section&id=3.1%20%E5%85%AC%E5%8F%B8%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%8A%A5%E8%A1%A8%E9%A1%B9%E7%9B%AE%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87%E9%87%8D%E5%A4%A7%E5%8F%98%E5%8A%A8%E7%9A%84%E6%83%85%E5%86%B5%E5%8F%8A%E5%8E%9F%E5%9B%A0) Key financial indicators changed significantly due to pandemic recovery, with revenue and costs doubling, operating cash flow turning positive by **145.40%**, and financing cash flow declining **153.30%** due to loan repayments Balance Sheet Item Changes | Balance Sheet Item | Change (%) | Primary Reason | | :--- | :--- | :--- | | Prepayments | 71.53 | Increase in prepayments for ID card reader raw material purchases | | Other Receivables | 100.86 | Subsidiary Shanghai Baomaikes newly paid project facility fees | | Notes Payable | 86.80 | Increase in payments made via notes payable | | Taxes Payable | -46.70 | Decrease in VAT payable | Income Statement Item Changes | Income Statement Item | Change (%) | Primary Reason | | :--- | :--- | :--- | | Operating Revenue | 104.28 | Prior period significantly impacted by pandemic, current period business segments recovered growth | | Operating Cost | 114.79 | Increased with operating revenue recovery | | Financial Expenses | 991.05 | Increase in interest expenses on short-term bank loans | | Credit Impairment Loss | -2,072.19 | Decrease in accounts receivable due to increased customer collections | Cash Flow Statement Item Changes | Cash Flow Statement Item | Change (%) | Primary Reason | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 145.40 | Increased sales, increased customer collections, and reduced settlement of maturing bank acceptance bills | | Net Cash Flow from Investing Activities | -117.42 | Increase in fixed asset purchases | | Net Cash Flow from Financing Activities | -153.30 | Repayment of some bank loans and net increase in short-term loans in prior period | [Progress of Significant Events](index=6&type=section&id=3.2%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9%E8%BF%9B%E5%B1%95%E6%83%85%E5%86%B5%E5%8F%8A%E5%85%B6%E5%BD%B1%E5%93%8D%E5%92%8C%E8%A7%A3%E5%86%B3%E6%96%B9%E6%A1%88%E7%9A%84%E5%88%86%E6%9E%90%E8%AF%B4%E6%98%8E) The dissolution and liquidation of subsidiary Shanghai Jinglun Communication Technology Co., Ltd., initiated in **2008**, remains ongoing, awaiting the court's final ruling - The bankruptcy liquidation process for the subsidiary "Shanghai Jinglun Communication Technology Co., Ltd." is still awaiting the court's final ruling since the Board of Directors approved the dissolution proposal in **2008**[17](index=17&type=chunk) [Appendix](index=8&type=section&id=%E5%9B%9B%E3%80%81%20%E9%99%84%E5%BD%95) [Financial Statements](index=8&type=section&id=4.1%20%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section includes the company's unaudited consolidated and parent company financial statements as of March 31, 2021, specifically the balance sheets, income statements, and cash flow statements [Consolidated Balance Sheet](index=8&type=section&id=%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of March 31, 2021, consolidated total assets were **RMB 431.15 million** (down **2.53%**), total liabilities **RMB 173.30 million**, and net assets attributable to shareholders **RMB 259.04 million** (down **0.20%**) | Item | March 31, 2021 (RMB) | December 31, 2020 (RMB) | | :--- | :--- | :--- | | Total Assets | 431,152,418.61 | 442,334,697.06 | | Total Liabilities | 173,298,593.14 | 183,953,590.11 | | Total Equity Attributable to Parent Company Owners | 259,039,857.96 | 259,567,139.44 | [Parent Company Balance Sheet](index=11&type=section&id=%E6%AF%8D%E5%85%AC%E5%8F%B8%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of March 31, 2021, parent company total assets increased to **RMB 465.52 million**, with total liabilities at **RMB 201.58 million** and total owner's equity at **RMB 263.94 million** | Item | March 31, 2021 (RMB) | December 31, 2020 (RMB) | | :--- | :--- | :--- | | Total Assets | 465,519,825.36 | 448,803,312.94 | | Total Liabilities | 201,577,034.44 | 185,990,000.84 | | Total Owner's Equity | 263,942,790.92 | 262,813,312.10 | [Consolidated Income Statement](index=14&type=section&id=%E5%90%88%E5%B9%B6%E5%88%A9%E6%B6%A6%E8%A1%A8) In Q1 2021, operating revenue grew **104.28%** to **RMB 65.74 million**, and net loss attributable to parent shareholders significantly narrowed to **RMB 0.527 million** | Item | Q1 2021 (RMB) | Q1 2020 (RMB) | | :--- | :--- | :--- | | Total Operating Revenue | 65,740,924.17 | 32,181,759.12 | | Operating Profit | -308,555.52 | -8,257,001.07 | | Total Profit | -328,226.32 | -8,256,201.07 | | Net Profit | -527,281.48 | -8,338,885.78 | | Net Profit Attributable to Parent Company Shareholders | -527,281.48 | -8,338,885.78 | [Parent Company Income Statement](index=16&type=section&id=%E6%AF%8D%E5%85%AC%E5%8F%B8%E5%88%A9%E6%B6%A6%E8%A1%A8) In Q1 2021, parent company operating revenue grew **141.2%** to **RMB 56.78 million**, achieving a net profit of **RMB 1.13 million** from a prior-year loss | Item | Q1 2021 (RMB) | Q1 2020 (RMB) | | :--- | :--- | :--- | | Operating Revenue | 56,784,002.06 | 23,540,890.19 | | Operating Profit | 1,127,549.62 | -6,903,083.45 | | Total Profit | 1,129,478.82 | -6,902,283.45 | | Net Profit | 1,129,478.82 | -6,902,283.45 | [Consolidated Cash Flow Statement](index=18&type=section&id=%E5%90%88%E5%B9%B6%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) In Q1 2021, operating cash flow significantly improved to **RMB 10.89 million** (up **145.4%**), financing cash flow was **RMB 16.93 million** outflow, and cash equivalents decreased by **RMB 6.53 million** | Item | Q1 2021 (RMB) | Q1 2020 (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 10,890,470.89 | -23,989,167.50 | | Net Cash Flow from Investing Activities | -500,964.63 | -230,412.24 | | Net Cash Flow from Financing Activities | -16,925,393.87 | 31,756,481.02 | | Net Increase in Cash and Cash Equivalents | -6,534,980.40 | 7,539,078.39 | [Parent Company Cash Flow Statement](index=20&type=section&id=%E6%AF%8D%E5%85%AC%E5%8F%B8%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) In Q1 2021, parent company operating cash flow was **RMB -4.15 million** (vs. **RMB 0.57 million** inflow prior year), with financing cash outflow of **RMB 1.69 million** | Item | Q1 2021 (RMB) | Q1 2020 (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -4,147,324.81 | 567,180.17 | | Net Cash Flow from Investing Activities | -60,104.89 | 13,523.05 | | Net Cash Flow from Financing Activities | -1,693,831.37 | 18,780,140.19 | | Net Increase in Cash and Cash Equivalents | -5,901,187.32 | 19,361,014.00 |

Financial Performance - The company reported a net profit attributable to shareholders of -35,482,770.90 RMB for 2020, a decrease from -67,644,101.22 RMB in 2019, indicating an improvement in losses[4]. - Total revenue for 2020 was 196,600,847.38 RMB, down 35.02% from 302,553,923.70 RMB in 2019[20]. - The company's cash flow from operating activities was -42,809,384.26 RMB, a significant decline compared to a positive cash flow of 3,210,615.57 RMB in 2019[20]. - The basic earnings per share for 2020 was -0.07 RMB, compared to -0.14 RMB in 2019, showing a reduction in losses per share[21]. - The weighted average return on equity improved to -12.80% in 2020 from -20.57% in 2019, an increase of 7.77 percentage points[21]. - The company reported a significant reduction in R&D expenses, down 53.82% to ¥31,391,742.26, reflecting cost-cutting measures amid declining revenues[40]. - The company reported a net loss of approximately RMB 35.48 million for the year 2020, with no cash dividends distributed to shareholders[73]. - The company reported a net loss of CNY 425,181,335.08 in 2020, compared to a net loss of CNY 389,698,564.18 in 2019[143]. - The total comprehensive loss for 2020 was approximately ¥33.42 million, an improvement from a loss of ¥66.89 million in 2019, indicating progress in financial recovery[153]. Revenue and Costs - Operating revenue decreased by 35.02% to ¥196,600,847.38, primarily due to the impact of the pandemic on sales[49]. - Total operating costs for 2020 were CNY 238.4 million, down from CNY 358.9 million in 2019, representing a 33.6% reduction[149]. - The smart manufacturing segment generated revenue of ¥118,543,967.14, a decrease of 46.74% year-on-year, with a gross margin of 19.79%[43]. - The commercial terminal segment saw a slight revenue increase of 1.74% to ¥68,252,175.93, with a gross margin of 11.11%[43]. - The smart interconnection segment's revenue fell by 31.82% to ¥3,022,783.26, with a gross margin of 11.19%[43]. Assets and Liabilities - Total assets decreased by 8.33% to 442,334,697.06 RMB at the end of 2020, down from 482,541,554.10 RMB at the end of 2019[20]. - The company’s net assets attributable to shareholders decreased by 12.03% to 259,567,139.44 RMB at the end of 2020[20]. - Total current assets decreased to CNY 267,647,542.92 in 2020 from CNY 299,507,919.97 in 2019, a decline of approximately 10.6%[141]. - Total liabilities decreased to CNY 183,953,590.11 in 2020 from CNY 188,677,676.25 in 2019, a reduction of about 2.4%[142]. - Short-term borrowings increased significantly to CNY 51,000,000.00 in 2020 from CNY 2,000,000.00 in 2019, marking a substantial increase of 2450%[142]. Research and Development - The company holds a total of 185 patents, including 33 invention patents and 88 utility model patents, reflecting its strong R&D capabilities[31]. - The number of R&D personnel is 126, accounting for 31.98% of the total workforce[50]. - Research and development expenses decreased to CNY 31.4 million in 2020 from CNY 68.0 million in 2019, a reduction of 53.8%[149]. - Research and development expenses for 2020 were approximately ¥20.04 million, a decrease of about 56% from ¥45.52 million in 2019, indicating a potential shift in focus or cost-cutting measures[153]. Market and Product Development - The company has developed a comprehensive range of smart manufacturing products, including servo systems for industrial sewing equipment, which are exported to over 20 countries[28]. - The company aims to expand its market presence in identity verification and trusted certification devices, focusing on sectors such as public security, hotels, and healthcare[59]. - The company is exploring new market promotion and business cooperation models in the fields of industrial IoT and smart campus solutions[60]. - The company plans to enhance its smart terminal products by integrating AI technology and expanding its competitive product series in the smart identification and AIoT fields[62]. Corporate Governance and Compliance - The company adheres to a strict corporate governance structure, ensuring compliance with laws and regulations, and maintaining independence from its controlling shareholder[118]. - The board of directors and supervisory board operate independently, with no significant differences from the requirements set by the China Securities Regulatory Commission[119]. - The company has implemented a transparent information disclosure system, ensuring all shareholders have equal access to information[119]. - The company has not engaged in any major related party transactions during the reporting period[80]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 36,366, an increase from 35,454 at the end of the previous month[90]. - The largest shareholder, Zhang Xueyang, holds 60,000,000 shares, accounting for 12.19% of the total shares[94]. - The company has established a cash dividend policy and plans to actively implement it in the future, depending on its financial situation[71]. Risk Management - The company has identified various risks including management, market, talent, technology, and policy risks in its future outlook[5]. - The top five customers accounted for 44.38% of total sales, with no sales to related parties, indicating a reliance on a concentrated customer base[48]. - The top five suppliers represented 52.85% of total purchases, also with no purchases from related parties, highlighting supplier concentration risks[48]. Employee Information - The total number of employees in the parent company and major subsidiaries is 394, with 26 in the parent company and 368 in subsidiaries[112]. - The professional composition includes 159 production personnel, 40 sales personnel, 126 technical personnel, 9 financial personnel, and 60 administrative personnel[112]. - The company has established a competitive compensation mechanism based on market conditions and talent value, with components including monthly salary, special allowances, year-end bonuses, and performance-based rewards[113]. Future Outlook - The company plans to enhance its smart manufacturing products and leverage its technology accumulation in the garment industry to optimize and iterate its offerings in 2021[58]. - The overall business goal for 2021 is to "maintain stability while achieving new breakthroughs," focusing on the "smart clothing factory" initiative to enhance efficiency and reduce inventory[65]. - The company aims to improve its R&D capabilities and optimize its product offerings in response to the evolving market demands and technological advancements[67].

公司代码：600355 公司简称：精伦电子 二、 公司基本情况 精伦电子股份有限公司 2020 年第三季度报告 | 办公地址： | 武汉市东湖开发区光谷大道 70 号 邮政编码： 430223 | | --- | --- | | 电 话： | 027-87921111-3221 传 真： 027-87467166 | 一、 重要提示 1.4 本公司第三季度报告未经审计。 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 8 | 2020 年第三季度报告 2.1 主要财务数据 单位：元 币种：人民币 | | 本报告期末 | | 上年度末 | | 本报告期末比上 年度末增减(%) | | | --- | --- | --- | --- | --- | --- | --- | | 总资产 | 447,011,839.73 | | 482,541,554.10 | | -7.36 | | | 归属于上市公司股东的净资产 | 268,260,509.71 | | 295,049,910.34 | ...

Financial Performance - The company's operating revenue for the first half of 2020 was ¥78,605,336.10, a decrease of 49.83% compared to ¥156,676,026.13 in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2020 was -¥18,014,098.36, compared to -¥15,331,759.09 in the previous year[17]. - The net cash flow from operating activities was -¥37,218,431.92, significantly lower than -¥3,772,912.29 in the same period last year[17]. - The total assets at the end of the reporting period were ¥444,841,349.94, down 7.81% from ¥482,541,554.10 at the end of the previous year[17]. - The net assets attributable to shareholders decreased by 6.11% to ¥277,035,811.98 from ¥295,049,910.34 at the end of the previous year[17]. - The basic earnings per share for the first half of 2020 was -¥0.037, compared to -¥0.031 in the same period last year[18]. - The weighted average return on net assets was -6.30%, compared to -4.33% in the previous year[18]. - The company reported a net loss of CNY -407,712,662.54, widening from a loss of CNY -389,698,564.18 in the previous period[64]. - The net profit for the period was -¥238,938.20, with the impact of net profit or investment income on the company's net profit at -1.33%[37]. Revenue and Costs - Operating costs decreased by 46.31% to ¥61,762,332.53, reflecting the overall revenue decline[29]. - Total operating costs for the first half of 2020 were CNY 97,689,124.72, down 41.5% from CNY 166,460,569.18 in the same period last year[71]. - The company's total operating costs were ¥55,200,333.25, which decreased from ¥90,363,818.86 in the first half of 2019, reflecting cost-cutting measures[75]. Cash Flow - The company’s cash flow from operating activities showed a net outflow of ¥37,218,431.92, worsening from a net outflow of ¥3,772,912.29 in the previous period[29]. - The cash flow from operating activities showed a net outflow of ¥22,885,378.87 RMB, compared to -8,349,920.00 RMB in the same period of 2019, indicating a decline in operational cash flow[83]. - Total cash inflow from operating activities was 135,227,761.79 RMB, while cash outflow was 158,113,140.66 RMB, resulting in a net cash outflow of 22,885,378.87 RMB[83]. Assets and Liabilities - The company's total current assets decreased to CNY 169,562,088.23 as of June 30, 2020, down 35.1% from CNY 261,344,627.89 at the end of 2019[68]. - The company's total liabilities decreased to CNY 194,833,449.63 as of June 30, 2020, down 29.7% from CNY 277,280,644.70 at the end of 2019[68]. - The company's total assets decreased to CNY 477,174,646.88 as of June 30, 2020, down 16.8% from CNY 573,509,785.51 at the end of 2019[68]. Shareholder Information - The largest shareholder, Zhang Xueyang, holds 60,000,000 shares, representing 12.19% of total shares[55]. - The total equity attributable to shareholders decreased by 18,014,098.36 RMB during the first half of 2020, reflecting a decline in overall shareholder value[86]. Research and Development - Research and development expenses were reduced by 30.32% to ¥15,226,446.53, indicating a decrease in R&D investment during the period[29]. - The company maintained its core competitiveness with nearly 100 patents and continued to focus on R&D and market expansion strategies[25]. Market and Competition - The net profit attributable to the parent company was a loss of ¥18,014,098.36, primarily due to the impact of the pandemic and increased competition leading to a decline in gross margin[27]. - The company faces significant cost control challenges due to rising raw material and labor costs in the sewing machinery industry, which has intensified competition[38]. Corporate Governance - The company did not propose any profit distribution plan or capital reserve transfer to increase share capital during the reporting period[4]. - There were no non-operating fund occupation situations by controlling shareholders or related parties[5]. - The company has renewed its audit engagement with Zhongchao Zhonghuan Accounting Firm for one year, with audit fees of RMB 450,000 for financial reporting and RMB 250,000 for internal control[42]. Tax and Regulatory Matters - The group confirmed deferred tax assets for all unused tax losses, estimating future taxable profits with significant management judgment[191]. - The group is subject to tax uncertainties in normal operations, which may affect the final recognition of income tax and deferred tax[191]. Inventory and Receivables - Accounts receivable decreased by 41.84% to ¥34,978,366.98, primarily due to a decline in sales revenue[34]. - The accounts receivable balance at the end of the period was approximately ¥34.98 million, with a bad debt provision of ¥82.20 million, indicating a significant level of provisions against potential defaults[200]. Financial Management - The company’s financial expenses decreased by 41.46% to ¥669,387.08, attributed to the absence of financial service fees from previous leasing activities[29]. - The financial expenses for the first half of 2020 were ¥551,484.93, a decrease from ¥1,076,694.13 in the previous year, suggesting improved financial management[75].

Financial Performance - The company reported a net profit attributable to shareholders of -67,644,101.22 RMB for 2019, a decrease of 714.30% compared to the previous year[5]. - Total revenue for 2019 was 302,553,923.70 RMB, representing a decline of 23.94% from 397,762,506.41 RMB in 2018[21]. - The net cash flow from operating activities was 3,210,615.57 RMB, down 89.32% from 30,066,009.39 RMB in the previous year[21]. - The company's total assets decreased by 11.38% to 482,541,554.10 RMB at the end of 2019, compared to 544,506,667.29 RMB at the end of 2018[21]. - The net assets attributable to shareholders decreased by 18.40% to 295,049,910.34 RMB at the end of 2019[21]. - Basic earnings per share for 2019 were -0.14 RMB, a decrease of 800% from 0.02 RMB in 2018[22]. - The weighted average return on equity was -20.57% for 2019, a decrease of 23.66 percentage points from 3.09% in 2018[22]. - The company reported a net loss of approximately ¥67.64 million in 2019, with no cash dividends distributed to shareholders[80]. - The company reported a significant decrease in net cash flow from operating activities, down 89.32% to ¥3,210,615.57[43]. Revenue and Sales - The company's total revenue for Q1 2019 was approximately CNY 96.04 million, while Q4 2019 revenue was CNY 72.73 million, indicating a decline in revenue throughout the year[24]. - The net profit attributable to shareholders for Q4 2019 was a loss of CNY 47.36 million, compared to a loss of CNY 2.23 million in Q1 2019, reflecting a significant deterioration in profitability[24]. - The sales revenue of smart control products was ¥222,555,515.94, down 23.61% year-on-year[45]. - The overall market for the intelligent control products has shifted from supply shortage to oversupply, impacting sales and pricing strategies[37]. - The overall sales contribution from identity verification products increased significantly, despite a decline in the overall market for ID reading devices[39]. Research and Development - The company increased its R&D expenses by 72.60% to ¥67,978,100.61, focusing on product refinement and competitiveness[43]. - The company has developed a comprehensive range of intelligent control products, with a leading position in the sewing machinery industry, holding 142 patents as of December 31, 2019[32]. - The company has initiated the development of OLED lighting panels, achieving significant advancements in efficiency and reliability, with 4 invention patents granted[35]. - The company is actively seeking breakthroughs in the industrial IoT and smart campus sectors, with expectations for market expansion in 2020[40]. - The company aims to standardize non-standard products to meet diverse customer needs efficiently, maintaining its position as a core supplier in niche markets[33]. Market and Industry Trends - The company highlighted the increasing demand for intelligent control products in the sewing machinery industry, which is facing pressure due to global economic slowdown and trade disputes[62]. - The market for commercial terminal products is growing, with a focus on facial recognition technology, positioning Puli Commercial as a leading brand in the ID reading machine sector[62]. - The education information technology market presents significant opportunities, although competition is intensifying with major internet companies entering the space[63]. - The implementation of the "Online State Grid" project by the State Grid Corporation is shifting the focus of electric service channels from offline to online platforms, impacting investment in electric payment devices[64]. Financial Position and Assets - The company's total equity decreased from CNY 360.38 million in 2018 to CNY 293.86 million in 2019, a decline of approximately 18.5%[152]. - The company's short-term borrowings significantly decreased from CNY 45 million in 2018 to CNY 2 million in 2019, a drop of approximately 95.6%[151]. - The company's inventory decreased from CNY 128.92 million in 2018 to CNY 97.35 million in 2019, a reduction of approximately 24.4%[150]. - The accounts receivable balance was 143,370.2 thousand RMB, with a bad debt provision of 83,225.9 thousand RMB, accounting for 12.46% of total assets[141]. - The company reported a total cash outflow of 48,080,116.78 RMB from financing activities, which included debt repayments and interest payments[170]. Corporate Governance and Management - The company strictly adheres to corporate governance standards and regulations, ensuring equal treatment of all shareholders[123]. - The company has implemented a performance evaluation system for determining the remuneration of its directors and senior management[115]. - The company has established a competitive salary incentive mechanism based on market conditions and talent value[119]. - The company has maintained independence from its controlling shareholder, with no related party transactions reported[124]. - The company’s board of directors and management are committed to protecting the interests of all shareholders[123]. Audit and Compliance - The audit report confirms that the financial statements fairly reflect the company's financial position and operating results for the year ended December 31, 2019[135]. - The audit identified significant risks related to fraud or errors that could lead to material misstatements in the financial statements[145]. - The audit procedures included evaluating the appropriateness of accounting policies and the reasonableness of accounting estimates made by management[145]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring the financial reports reflect true and complete financial conditions[191]. Future Outlook and Strategy - The company is in urgent need to explore new business directions to stabilize its performance due to the significant impact of national policies on project scale[75]. - The company aims to enhance the stability and competitiveness of traditional automated sewing machines, focusing on the servo system product line for 2020[67]. - The company plans to develop smart grid service terminal products and improve the smart business hall management system to provide comprehensive solutions for electricity customers[68]. - The company has set a goal for 2020 to achieve stable growth while developing a "smart clothing factory" through IoT integration[70].

公司代码：600355 公司简称：精伦电子 精伦电子股份有限公司 2020 年第一季度报告 | 办公地址： | 武汉市东湖开发区光谷大道 | 70 号 | 邮政编码： | 430223 | | --- | --- | --- | --- | --- | | 电 话： | 027-87921111-3221 | | 传 真： | 027-87467166 | | 一、重要提示 | | 3 | | --- | --- | --- | | 二、公司基本情况 | | 3 | | 三、重要事项 5 | | | | 四、附录 | | 7 | 2020 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 非经常性损益项目和金额 √适用 □不适用 | | 单位：元 币种：人民币 | | | --- | --- | --- | | 项目 | 本期金额 | 说明 | | 非流动资产处置损益 | -18,112.56 | | | 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，但与公司正常经营业务密切相关，符合国家政策 | 258,594.5 | | | 规定、按 ...

Financial Performance - Operating revenue for the first nine months was ¥229,821,240.55, representing a decline of 22.13% compared to ¥295,148,118.40 in the same period last year[7] - Net profit attributable to shareholders was a loss of ¥20,279,108.34, a significant decrease of 588.73% compared to a profit of ¥4,149,378.31 in the previous year[7] - Basic and diluted earnings per share were both -¥0.04, reflecting a 500% decrease from ¥0.01 in the same period last year[7] - The net profit margin for the first three quarters of 2019 was -8.8%, compared to 1.4% in the same period of 2018[34] - Net loss for Q3 2019 was ¥4,947,349.25, compared to a net loss of ¥1,195,149.32 in Q3 2018, indicating a significant increase in losses[33] - The company reported a total comprehensive loss of ¥4,947,349.25 for Q3 2019, compared to a comprehensive income of ¥4,149,378.31 in Q3 2018[34] Assets and Liabilities - Total assets at the end of the reporting period reached ¥546,425,613.94, a 0.35% increase compared to the end of the previous year[7] - Net assets attributable to shareholders decreased by 5.61% to ¥341,287,048.91 from ¥361,566,157.25 at the end of the previous year[7] - Total liabilities increased to CNY 206,324,597.52 compared to CNY 184,126,542.53 in the previous year, reflecting a rise in long-term obligations[25] - Current liabilities decreased to CNY 159,737,160.86 from CNY 176,506,542.53, indicating improved liquidity[25] - Long-term payables rose significantly to CNY 24,162,044.81 from CNY 6,420,000.00, indicating increased financing activities[25] Cash Flow - The net cash flow from operating activities was -¥2,629,497.61, an improvement from -¥15,368,284.83 in the previous year[7] - Cash flow from operating activities for the first three quarters of 2019 was a net outflow of CNY 2,629,497.61, an improvement from a net outflow of CNY 15,368,284.83 in the same period of 2018[39] - Cash inflow from operating activities for the first three quarters of 2019 was CNY 272,084,052.43, down from CNY 379,131,220.11 in the same period of 2018[39] - The total cash inflow from operating activities was 228,716,329.64 RMB, compared to 181,389,715.11 RMB in Q3 2018, reflecting a year-over-year increase of approximately 26%[42] - The total cash outflow from operating activities was 241,532,632.88 RMB, compared to 208,776,338.78 RMB in the previous year, reflecting an increase of approximately 16%[42] Shareholder Information - The total number of shareholders at the end of the reporting period was 36,430[10] - The largest shareholder, Zhang Xueyang, holds 12.19% of the shares, totaling 60,000,000 shares[10] Expenses - Management expenses increased by 31.27% to ¥26,071,730.64 mainly due to higher amortization of intangible assets and maintenance costs[16] - R&D expenses increased by 47.18% to ¥30,832,143.26 as capitalized development expenditures decreased[16] - The company experienced a significant increase in management expenses, which rose to ¥10,002,438.54 in Q3 2019 from ¥6,676,875.57 in Q3 2018, marking a 50% increase[32] - Research and development expenses for Q3 2019 were ¥8,981,738.44, an increase of 22% from ¥7,368,249.82 in Q3 2018[32] Other Financial Metrics - The weighted average return on equity decreased by 6.97 percentage points to -5.79% from 1.18% in the previous year[7] - The company received government subsidies amounting to ¥908,000.00 during the reporting period[8] - Deferred income increased by 1768.78% to ¥22,425,391.85 due to financing lease transactions[13] - Other receivables rose by 265.05% to ¥4,615,519.40 primarily from guarantees related to asset sale-leaseback transactions[13] - Prepayments increased by 163.25% to ¥28,650,020.62 due to increased procurement of raw materials for ID card readers[13]