Financial Performance - Operating revenue for the period was ¥3,169,721,448.96, a decrease of 10.51% compared to the same period last year[17] - Net profit attributable to shareholders of the listed company was ¥92,231,542.09, down 6.53% year-on-year[17] - Net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 163.36%, primarily due to a 27.25% decline in revenue from subsidiary Shenzhen Qipusheng Technology Co., Ltd.[17] - The company reported a decrease in gross profit margin by 1.15% year-on-year, contributing to a 50.90% decline in net profit[17] - Total revenue for Q3 2019 was approximately ¥893.47 million, a decrease of 19.1% compared to ¥1,104.93 million in Q3 2018[49] - Net profit for Q3 2019 was a loss of approximately ¥24.47 million, compared to a profit of ¥22.64 million in Q3 2018[55] - Operating profit for Q3 2019 was a loss of ¥10.26 million, compared to a profit of ¥22.26 million in Q3 2018[65] - Total comprehensive income for Q3 2019 was -¥10.15 million, compared to ¥22.47 million in Q3 2018[67] Assets and Liabilities - Total assets at the end of the reporting period reached ¥4,135,621,295.39, an increase of 7.62% compared to the end of the previous year[17] - Total liabilities increased by 86.37% to 645,676,588.23 from 346,445,819.98 year-on-year[25] - Total assets reached CNY 4.14 billion, compared to CNY 3.84 billion, marking an increase of 7.8%[39] - The total liabilities increased to approximately ¥1,542.64 million, up from ¥1,227.19 million year-over-year[46] - The total assets of the company were reported at ¥3,842,701,535.60, a slight decrease from ¥3,874,073,496.06[79] - The total liabilities remained stable at 1,227,185,135.54, indicating no significant change[88] Shareholder Information - Net assets attributable to shareholders of the listed company amounted to ¥1,760,352,989.28, reflecting an increase of 8.25% year-on-year[17] - Total number of shareholders at the end of the reporting period is 118,841[22] - The largest shareholder, Li Jieyi, holds 86,604,965 shares, accounting for 10.07% of total shares[22] Cash Flow - The net cash flow from operating activities was negative at ¥204,457,214.61, a significant decrease compared to ¥15,335,390.62 in the same period last year, representing a decline of 1,433.24%[17] - Cash flow from operating activities for the first nine months of 2019 was ¥3.41 billion, down from ¥3.69 billion in the same period of 2018[67] - Operating cash inflow totaled CNY 3,505,409,710.63, a decrease from CNY 3,985,487,646.42 in the previous period[71] - Net cash flow from operating activities was negative at CNY -204,457,214.61, down from CNY 15,335,390.62[71] - Cash inflow from financing activities totaled CNY 911,415,703.95, compared to CNY 644,959,275.88 previously[73] Investment and Expenses - Investment income increased by 107.20% to 77,632,562.71 from 37,466,774.17 year-on-year[25] - The company reported a significant increase in interest expenses, totaling approximately ¥18.77 million in Q3 2019, compared to ¥13.10 million in Q3 2018[52] - Research and development expenses for Q3 2019 were approximately ¥162.30 million, an increase of 10.8% from ¥146.47 million in Q3 2018[49] - Management expenses for Q3 2019 were ¥25.41 million, up from ¥20.62 million in Q3 2018[61] Current Assets - Current assets totaled approximately CNY 2.93 billion, an increase from CNY 2.64 billion year-over-year, representing a growth of 11%[33] - Cash and cash equivalents decreased to CNY 709.99 million from CNY 774.44 million, a decline of 8.3%[33] - Accounts receivable increased to CNY 975.40 million, up 32.7% from CNY 735.68 million[33] - Total current assets reached ¥2,639,768,835.62, a decrease from ¥2,773,212,502.44[79] Other Financial Metrics - Basic and diluted earnings per share were both ¥0.1081, down 6.49% from ¥0.1156 in the previous year[17] - The weighted average return on net assets was 5.41%, slightly up by 0.02 percentage points from the previous year[17] - The company reported a decrease in cash received from operating activities related to other business, totaling CNY 78,735,037.18, down from CNY 276,371,240.81[71] - The company's retained earnings increased to approximately ¥307.56 million, compared to ¥180.97 million in the previous year[46]

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 2,276,248,160.80, a decrease of 6.60% compared to the same period last year[21]. - Net profit attributable to shareholders increased by 44.50% year-on-year to CNY 107,225,652.51, primarily due to a gain of CNY 10,460.84 million from the revaluation of remaining equity after losing control of a subsidiary[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 91.36% year-on-year to CNY 1,256,684.59, mainly due to a 26.88% decline in revenue from the subsidiary Qi Pu Sheng[20]. - The basic earnings per share increased by 44.48% year-on-year to CNY 0.1257, reflecting the gain from the revaluation of equity[19]. - The weighted average return on net assets rose to 6.27%, an increase of 2.24 percentage points compared to the previous year[19]. - The company achieved operating revenue of CNY 2,276,248,160.80, a year-on-year decrease of 6.60%[52]. - Net profit attributable to shareholders was CNY 10,722,560, a year-on-year increase of 44.50%, primarily due to a gain of CNY 10,460,840 from the revaluation of remaining equity after losing control of a subsidiary[44]. - The company reported a significant increase in other income, which rose by 143.75% to CNY 30,611,295.78, mainly from government subsidies and tax refunds[52]. - The company reported a net loss attributable to shareholders of 26,449,000 for the first half of 2019[181]. - The total comprehensive income for the first half of 2019 was 281,661,000, with a decrease of 14,059,000 compared to the previous period[181]. Cash Flow and Liquidity - The net cash flow from operating activities showed a significant decrease, with a net outflow of CNY 367,396,869.05 compared to an outflow of CNY 62,060,997.10 in the same period last year[21]. - The company's operating cash flow showed a net outflow of CNY 367,396,869.05, indicating a decrease in cash inflow from operating activities compared to the previous year[52]. - Cash flow from operating activities for the first half of 2019 was negative CNY 367,396,869.05, compared to negative CNY 62,060,997.10 in the same period of 2018[170]. - Cash inflow from financing activities was CNY 160,176,994.50, compared to CNY 123,200,000.00 in the same period last year[174]. - Net cash flow from financing activities was CNY 125,661,922.46, recovering from -CNY 186,754,430.71 year-over-year[174]. - The ending cash and cash equivalents balance was CNY 335,575,020.98, slightly down from CNY 336,282,649.66 at the end of the previous year[175]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,971,581,618.54, an increase of 3.35% from the end of the previous year[21]. - The net assets attributable to shareholders increased by 8.45% to CNY 1,763,648,946.95 compared to the end of the previous year[21]. - Total liabilities increased slightly to CNY 2,034,777,153.74 from CNY 2,017,477,811.02, indicating a growth of about 0.9%[156]. - The company's total assets reached CNY 3,971,581,618.54, up from CNY 3,842,701,535.60, representing an increase of approximately 3.4%[156]. - The total amount of guarantees provided by the company (excluding subsidiaries) during the reporting period was CNY 30,000,000[110]. - The total guarantee amount (including subsidiaries) was CNY 84,000,000[110]. Investments and Subsidiaries - The company has established a comprehensive product line for various financial sectors, enhancing its ability to provide IT services to financial institutions[40]. - The company sold a 49% stake in Chengdu Jinzheng Boze for ¥92.90 million, with a potential reduction in proceeds by ¥7.50 million due to market conditions[34][35]. - The company acquired an additional 5.01% stake in Jinzheng Wealth for ¥17.61 million, maintaining its status as the controlling shareholder[37]. - The company has made substantial investments in various subsidiaries, including CNY 188 million in Chengdu Jinzhen Technology Co., Ltd.[71]. - The report indicates a total of CNY 1.17 billion in investments across multiple subsidiaries, with a significant portion being in the technology sector[71]. - The company has a total of 20 subsidiaries, with 10 being wholly-owned and 10 being controlled subsidiaries[193]. Research and Development - The company invested CNY 297,234,161.61 in R&D, reflecting a 4.27% increase compared to the previous year, to enhance technological capabilities[52]. - Research and development expenses amounted to CNY 297,234,161.61, slightly up from CNY 285,048,781.64 in the first half of 2018, indicating a focus on innovation[163]. - The company has established a robust R&D framework with over 3,000 R&D personnel across four major cities, ensuring ongoing technological support for future growth[41]. Market and Competition - The financial industry is experiencing a recovery, leading to increased IT demands for system upgrades and functionalities due to new regulations[29]. - The company is facing intensified competition in the financial technology sector as foreign firms prepare to enter the domestic market[32]. - The company plans to expand its product lines and explore opportunities in the broader financial IT sector to mitigate risks associated with the cyclical nature of the securities industry[94]. - The IT market in the financial industry is expanding, but growth is significantly influenced by policy direction, which poses uncertainty for the company's business development[95]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 114,218[121]. - The top ten shareholders held a total of 90,454,262 shares, representing 10.60% of the total shares[123]. - The largest shareholder, Du Xuan, had a shareholding of 90,454,262, with 36,400,000 shares pledged[123]. - The company issued 18,200,984 new shares in a private placement, which were listed for trading on January 7, 2019[116]. Risk Factors - The company faces risks related to technological upgrades, emphasizing the need for continuous investment in technology and product development to maintain competitive advantages[92]. - Rising human resource costs pose a risk, with the company focusing on improving human resource management to control costs while ensuring employee satisfaction[93]. - The company is exposed to cyclical risks in the downstream securities industry, which may impact its business development and financial condition during market downturns[94].

Financial Performance - The company reported a net profit attributable to shareholders of -116.36 million RMB for 2018, a decrease of 188.15% compared to the previous year[5]. - Operating revenue for 2018 was 4.89 billion RMB, representing a year-on-year increase of 15.68%[18]. - The net cash flow from operating activities increased by 197.42% to 319.35 million RMB compared to 2017[18]. - The company's total assets decreased by 15.49% to 3.84 billion RMB at the end of 2018[18]. - The net assets attributable to shareholders decreased by 13.87% to 1.63 billion RMB at the end of 2018[18]. - Basic earnings per share for 2018 were -0.1581 RMB, a decrease of 186.21% from the previous year[21]. - The company did not propose any cash dividends for 2018 due to the annual loss[5]. - The company faced significant impairment losses related to goodwill and receivables, impacting net profit figures[21]. - The weighted average return on equity decreased by 15.04 percentage points to 8.42%[21]. - The company plans to submit the profit distribution proposal to the 2018 annual general meeting for approval[5]. Revenue Breakdown - Total operating revenue for Q1 2018 was ¥1,075,793,306.18, Q2 was ¥1,361,299,128.52, Q3 was ¥1,104,932,847.80, and Q4 was ¥1,348,587,261.15[22]. - Net profit attributable to shareholders for Q1 2018 was -¥24,965,747.60, Q2 was ¥99,170,956.78, Q3 was ¥24,464,639.62, and Q4 was -¥215,031,352.68[22]. - Non-recurring gains and losses in 2018 included ¥105,884,451.78 from disposal of non-current assets and ¥15,012,016.10 from government subsidies closely related to normal business operations[27]. - The total amount of non-recurring gains and losses for 2018 was ¥127,484,772.14, compared to -¥11,536,821.86 in 2016[29]. Business Segments - The company provides IT solutions for the financial industry, covering securities, funds, banks, futures, insurance, trust, and comprehensive financial services[35]. - The securities IT business includes solutions for brokerage, proprietary trading, investment consulting, and asset management[36]. - The asset management IT business serves public funds, trusts, and private equity clients, covering investment, registration, sales, valuation, and risk supervision[37]. - The banking IT business offers mobile banking and payment solutions, including design, development, and operational support[38]. - The company focuses on providing integrated solutions and cloud services for various financial markets, including internet finance and asset trading[39]. Cost and Margin Analysis - The main business cost for 2018 was RMB 374,600.88 million, up 20.59% from RMB 310,652.63 million in 2017[61]. - The gross profit margin for the overall business decreased from 25.90% in 2017 to 22.82% in 2018, a decline of 3.07%[61]. - The revenue from the banking IT segment increased by 20.27% year-on-year, while the cost rose by 47.36%, leading to a gross margin decline of 12.25%[64]. - The hardware sales segment saw a revenue increase of 21.61%, with costs rising by 23.17%, resulting in a gross margin decrease of 1.19%[64]. - The smart city segment's revenue grew by 23.99%, with costs increasing by 12.94%, leading to a gross margin increase of 6.94%[64]. - The securities IT segment's revenue decreased by 5.69%, but costs fell by 35.07%, resulting in an overall gross margin increase of 8.18%[64]. - The asset management IT segment's revenue increased by 3.75%, with costs slightly decreasing by 2.48%, leading to a gross margin increase of 1.15%[64]. Research and Development - Research and development expenses increased by 23.27% to CNY 621,007.33 million, reflecting ongoing investment in new technologies and products[60]. - The company introduced new technologies and products in the securities IT business, including a new generation distributed technology platform FS2.0[50]. - The asset management IT business experienced a slowdown in growth due to macroeconomic factors, but the demand for standardized and innovative products remained stable[51]. - The company plans to maintain high levels of R&D investment to enhance technology and product lines, despite short-term increases in operating costs[93]. - R&D expenses totaled ¥621,007,328.50, accounting for 12.70% of operating revenue, with 3,357 R&D personnel, representing 52.95% of the total workforce[115]. Investment and Acquisitions - The company transferred 51% equity of Chengdu Jinzhen Boze for a total transaction price of CNY 106.999602 million, which included debt rights[42]. - The company also transferred 49% equity of Chengdu Jinzhen Boze for CNY 92.899735 million, with total legal debt rights amounting to CNY 42.165384 million[43]. - The company has invested CNY 7,000.00 million in Shenzhen Jinzheng Qianhai Financial Technology Co., Ltd. during the reporting period[141]. - The company invested a total of RMB 122,292,467 to acquire 35,845,649 shares of Youpin Wealth, holding a stake of 20.354%[154]. - The company acquired 51% of Touchance Corp. for USD 15.3 million, with the project still pending regulatory approval[155]. - The company’s subsidiary, Benqiu Financial, initially invested RMB 100 million in a private equity fund but later canceled the investment due to regulatory changes[159]. Market Strategy and Future Outlook - The company plans to expand its product offerings in network security and integrated solutions leveraging AI technology[101]. - The company aims to optimize its revenue structure, increasing the proportion of financial software revenue while maintaining overall revenue stability from 2019 to 2021[188]. - The company plans to enhance its technology and product development capabilities, focusing on integrating emerging technologies such as cloud computing, big data, and artificial intelligence into its services[189]. - Future guidance indicates an expected revenue increase of 10% for the next fiscal year, targeting 4,501.89 million[146]. - The company plans to expand its market presence in Southeast Asia, aiming for a 15% market share by 2025[146]. - A strategic acquisition of a competitor is in progress, expected to enhance the company's technological capabilities and market reach[146]. Risks and Challenges - The company faces risks related to technological upgrades, emphasizing the need for timely development of market-relevant products to maintain competitive advantages[196]. - The company faces risks of rising labor costs due to intense competition for talent in the software industry, which may impact management capabilities and employee satisfaction[197]. - The company's main business in securities IT is subject to cyclical risks, with potential reductions in IT spending from clients during market downturns, affecting business development and financial status[198]. - The growth of the IT market in the financial sector is significantly influenced by policy direction, and a slowdown in financial innovation policies could impact market demand and capacity[199].

2019 年第一季度报告 公司代码：600446 公司简称：金证股份 深圳市金证科技股份有限公司 2019 年第一季度报告 1 / 25 2019 年第一季度报告 í 二、 11Í 四、 目录 | --- | |----------------| | | | 重要提示 . | | 公司基本情况 . | | 重要事项 . | | 附录 . | 2 / 25 2019 年第一季度报告 一、 重要提示 1.1 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、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人赵剑、主管会计工作负责人赵剑及会计机构负责人（会计主管人员）陈熙保证季 度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | |-----------------------------------------------|------------------|----------- ...

Financial Performance - The company reported a net profit attributable to shareholders of -116.36 million RMB for 2018, a decrease of 188.15% compared to the previous year[4]. - Operating revenue for 2018 was 4.89 billion RMB, representing a year-on-year increase of 15.68%[19]. - The net cash flow from operating activities was 319.35 million RMB, an increase of 197.42% compared to 2017[19]. - The total assets at the end of 2018 were 3.84 billion RMB, a decrease of 15.49% from the end of 2017[19]. - The company did not propose any cash dividends for 2018 due to the annual loss, as per its articles of association[5]. - The accumulated undistributed profits at the end of 2018 were 421.39 million RMB[4]. - The company’s net assets attributable to shareholders decreased by 13.87% to 1.63 billion RMB by the end of 2018[19]. - The company faced a significant decrease in net profit after deducting non-recurring gains and losses, amounting to -243.85 million RMB[19]. - The net profit attributable to shareholders decreased by 188.15% year-on-year, primarily due to goodwill impairment for the subsidiary Lianlong Boshi and impairment of receivables for the Meishan project[22]. - The basic earnings per share (EPS) decreased by 186.21% year-on-year, mainly due to goodwill impairment for the subsidiary Lianlong Botong and impairment of receivables for the Meishan project[22]. - The diluted EPS also decreased by 186.21% year-on-year, reflecting the same reasons as the basic EPS[22]. - The weighted average return on equity (ROE) decreased by 15.04 percentage points to -6.62%[22]. - The net profit after deducting non-recurring gains and losses decreased by 299.33% year-on-year, attributed to the same impairments as mentioned above[22]. Cash Flow and Investments - The net cash flow from operating activities increased by 197.42% year-on-year, primarily due to increased sales collections from the subsidiary Qipusheng[22]. - The company reported a significant increase in investment cash flow, with a net outflow of ¥663,842,833.38, up 98.80% from the previous year's outflow of ¥333,916,960.85[59]. - The company’s financing cash flow showed a net outflow of ¥446,445,206.43, a decrease of 137.47% compared to a net inflow of ¥1,191,415,644.76 last year[59]. - Cash inflow from investment activities surged by 459.08% to ¥560,458,260.07, primarily due to increased investment recoveries[71]. - The company reported a net cash outflow from investment activities of -¥663,842,833.38, an increase of 98.80% compared to the previous year[71]. Research and Development - The company has over 2,000 R&D personnel and has established a new generation of R&D platforms and IT system architecture to support future development[46]. - The company invested ¥621,007,328.50 in research and development during the period, with no capitalized R&D expenses reported[68]. - Total R&D investment amounted to ¥621,007,328.50, representing 12.70% of operating revenue[71]. - Research and development expenses rose by 23.27% to ¥621,007,328.50 from ¥503,777,620.37 year-over-year[59]. Business Operations and Market Position - The company primarily serves clients in the financial industry, providing IT solutions across various sectors including securities, funds, and banking[34]. - The company expanded its banking IT business by adding multiple new bank clients and enhancing its product system to support industry trends and business innovation[54]. - In the asset management IT sector, the company experienced a slowdown in growth due to macroeconomic factors, but continued to leverage its advantages in internet finance products like Yu'ebao and Licai Tong[50]. - The comprehensive financial IT business saw a significant increase in data application product sales compared to the previous year, with 6 new clients developed in the data application field[53]. - The company is focusing on new technologies such as AI, deep learning, and big data analytics to enhance its financial technology capabilities[49]. Risk Management and Compliance - The company has not reported any major risk events during the reporting period[6]. - The audit report for the financial statements was issued with a standard unqualified opinion by Da Hua Certified Public Accountants[4]. - The company is committed to strengthening risk management and internal controls through technological advancements[141]. - The company faces risks related to rising human resource costs and must adapt its management capabilities to mitigate these risks[155]. - The company will continue to manage accounts receivable effectively to reduce the risk of bad debts, as it primarily serves large financial institutions with good credit quality[160]. Future Outlook and Strategy - The company aims to optimize its revenue structure by increasing the proportion of financial software revenue and improving gross profit levels from 2019 to 2021[147]. - In 2019, the company plans to enhance its asset management IT products and promote them in the banking asset management market, aiming to make this a key growth support point[149]. - The company will strengthen interaction with regulatory agencies and promote regulatory information construction in the financial supervision field in 2019[150]. - The company will support the transformation of bank wealth management departments to net value-based operations, covering the entire business process in marketing, products, investment, and operations[153]. - The company is committed to exploring new business models to maintain stable development amid uncertainties in the financial market[143]. Shareholder and Dividend Information - The company has a cash dividend policy to distribute at least 30% of the average distributable profit over the last three years, provided cash flow conditions are met[162]. - In 2018, the company distributed a cash dividend of 0.031 RMB per share, totaling 26,449,525 RMB[164]. - The company reported a net profit attributable to ordinary shareholders of 0, resulting in a profit distribution ratio of 0%[166]. - The company did not propose a cash profit distribution plan despite having positive distributable profits for ordinary shareholders[166]. Equity and Investment Activities - The company completed the transfer of 51% equity in Chengdu Jinzhen Boze for CNY 63.44 million and 49% equity for CNY 52.73 million, with total transaction prices amounting to CNY 106.99 million[41][42]. - The company has made additional investments totaling CNY 7,000,000.00 in Shenzhen Jinzheng Qianhai Financial Technology Co.[97]. - The company holds a 37.495% stake in Shanghai Guojun Venture Capital, valued at CNY 18,376,452.95[88]. - The company has a 3.03% stake in Shanxi Tongren Equity Investment Partnership, valued at CNY 5,000,000.00[88]. - The company has a total of CNY 4,410,000 invested in the Feideman Investment Fund, which has a total scale of CNY 14,912,000[114]. - The company has made significant investments in various technology firms, enhancing its market presence and operational capabilities[101].

2018 年第三季度报告 公司代码：600446 公司简称：金证股份 深圳市金证科技股份有限公司 2018 年第三季度报告 1 / 20 | 目录 | | --- | 1.2 未出席董事情况 | 未出席董事姓名 | 未出席董事职务 | 未出席原因的说明 | 被委托人姓名 | | --- | --- | --- | --- | | 李结义 | 董事 | 协助调查 | 无 | 1.3 公司负责人赵剑、主管会计工作负责人周永洪及会计机构负责人（会计主管人员）周永洪保 证季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 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 | 4,095,523,798.91 | | 4,546,819,933.07 | | | | -9.93 | | 归属于上市公司股东的 | 1,8 ...

Financial Performance - The company's operating revenue for the first half of 2018 reached ¥2,437,092,434.70, representing a 32.61% increase compared to ¥1,837,780,092.85 in the same period last year[17]. - Net profit attributable to shareholders was ¥74,205,209.18, a significant increase of 265.25% from ¥20,316,389.91 in the previous year[17]. - Basic earnings per share rose to ¥0.0870, up 265.55% from ¥0.0238 in the same period last year[18]. - Operating costs increased by 35.21% to ¥1,928,548,918.61 from ¥1,426,386,323.60, primarily due to the corresponding increase in revenue[46]. - The company achieved a significant investment income of ¥45,471,986.14, a 985.55% increase compared to a loss of ¥5,134,907.10 in the previous year[46]. - The company reported a total comprehensive income of ¥60,427,516.19, compared to ¥42,677,543.43 in the previous year, indicating a growth of 41.5%[147]. Cash Flow and Liquidity - The company's net cash flow from operating activities was -¥62,060,997.10, an improvement from -¥249,992,811.75 in the previous year[17]. - Cash and cash equivalents decreased by 58.01% to 653.79 million, primarily due to investment payments and loan repayments[48]. - The total cash and cash equivalents at the end of the period were ¥594,044,979.24, a decrease from ¥559,531,369.57 in the prior period, indicating liquidity challenges[153]. - Cash inflow from sales of goods and services was ¥2,305,379,075.08, up from ¥1,642,482,288.86, representing a growth of approximately 40%[152]. - The company received ¥9,423,482.23 in tax refunds, which is an increase from ¥4,909,837.38 in the previous period, indicating improved tax recovery[152]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,478,667,151.59, a decrease of 1.50% from ¥4,546,819,933.07 at the end of the previous year[17]. - Total liabilities increased from ¥2,270,420,035.89 to ¥2,473,372,018.74, marking an increase of approximately 8.9%[142]. - Total equity decreased from ¥2,276,399,897.18 to ¥2,005,295,132.85, a decline of about 11.9%[142]. - Accounts receivable increased by 81.23% to 1,032.54 million, attributed to revenue growth and slower customer payments[48]. - The company reported a significant increase in other receivables from ¥48,534,024.01 to ¥60,019,483.32, an increase of about 23.7%[140]. Investments and Acquisitions - The company has acquired a 99.95% stake in Shenzhen Qipusheng Technology Co., Ltd. for a total of approximately 29.3 million RMB[28][29]. - The company sold 60% of its stake in Beijing Lianlong Botong E-commerce Technology Co., Ltd. for 22.145 million RMB, retaining a 40% stake post-transaction[30]. - The company transferred 51% of its stake in Chengdu Jinzhen Boze Technology Co., Ltd. for a total transaction value of approximately 106.99 million RMB, including debt recovery[32]. - The company made a significant investment of RMB 122,292,467.00 to acquire 20.354% of Youpin Wealth Management Co., Ltd. by purchasing 35,845,649 shares[60]. - The company has a total of 26 subsidiaries included in the consolidated financial statements, with a recent increase of 1 subsidiary compared to the previous period[174]. Risk Management - The company has not faced any significant risk events during the reporting period, and potential risks have been detailed in the report[5]. - The company anticipates facing risks related to industry changes, including a shift towards "consultation, application, and operation" in the IT sector, which may impact future performance[77]. - The company is actively addressing rising human resource costs and talent shortages as it expands its business scale, emphasizing the importance of effective human resource management[77]. - The company recognizes the risk of technological upgrades in the financial IT sector and plans to enhance its R&D capabilities to maintain competitive advantages[78]. - The company is monitoring policy changes that could impact market demand in the financial IT sector, aiming to mitigate associated risks[80]. Shareholder Information - The company completed a non-public offering of 18,200,984 shares, increasing total share capital from 835,009,500 to 853,210,484 shares[89]. - The employee stock ownership plan purchased 8,125,002 shares at a total cost of approximately ¥250.11 million, representing 0.973% of the company's total capital at that time[89]. - The company has no significant litigation or arbitration matters during the reporting period[88]. - The company has no major changes in the audit firm or any non-standard audit reports during the reporting period[88]. - The top ten shareholders hold a total of 90,454,262 shares, representing 10.6% of the total shares outstanding[106]. Technology and Innovation - The company has established itself as one of the largest financial securities software developers in China, with a comprehensive product line across various financial sectors[33]. - The company maintains a leading position in technology and R&D, being a national high-tech enterprise and holding CMMI Level 5 certification[35]. - The company launched new products in the asset management IT sector, including a valuation calculation system and an investment decision management system, enhancing its competitive strength in the market[40]. - The company has initiated the upgrade of its JROS technology platform, which is designed for asset management financial business system development, improving product development and maintenance efficiency[40]. - The company is actively seeking cooperation opportunities with the National Payment Network in areas such as cloud computing and barcode payment[44].

Financial Performance - Operating revenue increased by 28.15% to CNY 1,075,793,306.18 compared to the same period last year[7] - Net profit attributable to shareholders was CNY -24,965,747.60, a slight improvement of 3.37% compared to the same period last year[7] - Basic earnings per share improved by 5.18% to CNY -0.0293 compared to CNY -0.0309 in the previous year[7] - Total operating revenue for Q1 2018 was CNY 1,075,793,306.18, an increase of 28.14% compared to CNY 839,476,771.39 in the same period last year[24] - Net loss for Q1 2018 was CNY -35,855,165.55, compared to a net loss of CNY -16,488,577.52 in Q1 2017, indicating a worsening performance[25] - The net profit for Q1 2018 was a loss of CNY 6,921,726.87, improving from a loss of CNY 21,799,396.11 in Q1 2017[28] - The total comprehensive income for Q1 2018 was a loss of CNY 6,921,726.87, compared to a loss of CNY 21,799,396.11 in the previous year[28] Assets and Liabilities - Total assets decreased by 3.82% to CNY 4,373,195,278.63 compared to the end of the previous year[7] - The company’s total assets decreased to ¥4,373,195,278.63 from ¥4,546,819,933.07, indicating a reduction in overall asset base[15] - The company’s total liabilities increased, with current liabilities rising to ¥2,062,802,877.44 from ¥1,859,262,982.66, reflecting increased operational financing needs[16] - Total liabilities increased to CNY 1,435,677,092.61 from CNY 1,376,561,486.71, reflecting a rise in financial obligations[21] Cash Flow - Cash flow from operating activities improved by 37.26%, reaching CNY -140,534,183.10 compared to CNY -223,986,670.84 in the previous year[7] - The net cash flow from operating activities improved by 37.26% to -¥140,534,183.10 from -¥223,986,670.84, reflecting increased sales collections[14] - The net cash flow from operating activities was a negative CNY 140,534,183.10, an improvement from a negative CNY 223,986,670.84 in Q1 2017[31] - Net cash flow from operating activities was -$188.22 million, worsening from -$92.37 million year-over-year[34] - Total cash outflow from operating activities was $345.04 million, compared to $204.59 million in the previous period, an increase of 68.5%[34] Shareholder Information - The total number of shareholders reached 84,486 at the end of the reporting period[11] - The top shareholder, Du Xuan, holds 10.60% of the shares, amounting to 90,454,262 shares[11] Investments and Expenses - The company received government subsidies amounting to CNY 1,803,702.19, closely related to its normal business operations[7] - Long-term equity investments increased by 93.63% to ¥246,444,287.30 from ¥127,274,092.63, primarily due to investments in Youpin Wealth Management Co., Ltd.[13] - The company incurred financial expenses of CNY 2,057,265.58 in Q1 2018, compared to a financial income of CNY 4,156,978.38 in the same period last year[27] - The company reported a significant increase in financial expenses, with a net financial cost of CNY -2,918,073.56 compared to CNY -6,797,067.32 in the previous year[25] Operational Metrics - Cash and cash equivalents decreased by 40.31% to ¥929,346,953.85 from ¥1,556,869,998.14 due to investment payments and seasonal collection factors[13] - Accounts receivable increased by 43.28% to ¥816,345,641.14 from ¥569,738,219.86, attributed to seasonal sales collection[13] - Operating costs rose by 30.23% to ¥870,504,192.41, corresponding to the increase in revenue[14] - The company's management expenses decreased to CNY 79,147,133.65 from CNY 83,031,337.74 year-over-year[27] - The company’s sales expenses were CNY 5,747,676.73, slightly down from CNY 5,882,987.56 in the previous year[27]

Financial Performance - The company's operating revenue for 2017 was CNY 4,227,745,965.28, representing a 15.34% increase compared to CNY 3,665,606,591.22 in 2016[21]. - The net profit attributable to shareholders for 2017 was CNY 132,000,143.37, a decrease of 43.85% from CNY 235,078,925.34 in 2016[21]. - The basic earnings per share for 2017 was CNY 0.1581, down 43.54% from CNY 0.28 in 2016[22]. - The total assets at the end of 2017 were CNY 4,546,819,933.07, an increase of 43.23% from CNY 3,174,533,467.02 in 2016[21]. - The company's net cash flow from operating activities for 2017 was CNY 107,373,057.80, a significant increase of 413.30% compared to CNY 20,918,234.92 in 2016[21]. - The weighted average return on equity for 2017 was 8.42%, a decrease of 8.71 percentage points from 17.13% in 2016[22]. - The net profit attributable to shareholders decreased by 43.85% to CNY 13,200.14 million, while the net profit after deducting non-recurring gains and losses fell by 50.4% to CNY 12,233.12 million[42]. - The company reported a significant increase in research and development investments, although specific figures were not disclosed[50]. - The company reported a revenue increase of 15% year-over-year, reaching $1.2 billion in the last quarter[126]. - The company provided a future outlook, projecting a revenue growth of 20% for the next fiscal year, aiming for $1.44 billion[126]. Cash Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.31 per share, totaling CNY 2,644.95 million based on a total share capital of 853,210,484 shares[6]. - The company extracted 10% of the net profit as statutory surplus reserve, amounting to CNY 752.72 million[6]. - The company aims to allocate at least 30% of the average distributable profit over the last three years for cash dividends, contingent on sufficient cash flow[80]. - The company has committed to actively pursue cash dividends annually, with the possibility of mid-term distributions based on profitability and funding needs[80]. - The company has not proposed a cash dividend distribution plan for the reporting period despite positive profits, indicating a focus on reinvestment in growth initiatives[85]. Research and Development - The company has increased its R&D investment in securities IT, focusing on innovative technologies such as Spark and Hadoop, enhancing system processing performance[31]. - The company has over 2,000 R&D personnel and has established a next-generation R&D platform and IT system architecture for securities, providing strong technical support for future development[35]. - R&D expenditure increased by 11.53% to CNY 488,135.73 million, reflecting the company's commitment to innovation and technology development[44]. - The company is focusing on integrating artificial intelligence into its financial products to create a multi-dimensional intelligent financial application system[70]. Market Expansion and Strategic Initiatives - The company has established cooperation with over 20 regional equity trading centers, positioning itself as a market leader in the regional equity sector[34]. - The company is actively expanding its market presence through strategic acquisitions and investments in technology firms[57]. - The company is exploring market expansion opportunities and new product development to adapt to industry transformation pressures[68]. - The company aims to enhance its market competitiveness in fund IT business through increased marketing efforts and improved management levels[70]. Financial Position and Assets - Cash and cash equivalents increased by 157.39% to ¥1,556,869,998.14, representing 34.24% of total assets[52]. - Accounts receivable rose by 32.24% to ¥569,738,219.86, accounting for 12.53% of total assets, primarily due to revenue growth[52]. - Inventory levels increased by 25.35% to ¥1,061,951,443.45, representing 23.36% of total assets, attributed to project execution and increased procurement[52]. - The company's long-term investments increased to RMB 127,274,092.63 from RMB 82,389,619.00, reflecting a growth of approximately 54.5%[191]. - The company's total liabilities increased to RMB 2,204,630,100.00 from RMB 1,449,046,294.67, reflecting a growth of approximately 52.1%[191]. Governance and Management - The company has a structured process for determining the remuneration of its board members, which involves approval from the board and shareholders[131]. - The company has established a talent training system with various programs aimed at different employee levels, including "Future Stars" and "Core Executive Training" projects[139]. - The company’s governance structure complies with the requirements of the Company Law and the relevant regulations set by the China Securities Regulatory Commission[142]. - The company has maintained a consistent shareholding structure among its senior management, with no significant changes in ownership percentages[123]. Risk Management - The company reported no significant risk events during the reporting period, with detailed descriptions of potential risks and countermeasures provided in the report[8]. - The company faces risks related to rising human resource costs and the need for continuous technological upgrades to maintain competitive advantage[76]. - The company is actively addressing cyclical risks in the securities industry by diversifying into broader financial IT sectors[77]. - The company has maintained a good receivables collection situation, with no significant bad debts reported during the reporting period[77].

2017 年第三季度报告 公司代码：600446 公司简称：金证股份 深圳市金证科技股份有限公司 2017 年第三季度报告 1 / 20 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 8 | 2017 年第三季度报告 一、 重要提示 2017 年第三季度报告 | 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 | 10,782,224.02 | 16,815,202.36 | | 业务密切相关，符合国家政策规定、按照一定 | | | | 标准定额或定量持续享受的政府补助除外 | | | | 计入当期损益的对非金融企业收取的资金占 | | | | 用费 | | | | 企业取得子公司、联营企业及合营企业的投资 | | | | 成本小于取得投资时应享有被投资单位可辨 | | | | 认净资产公允价值产生的收益 | | | | 非货币性资 ...