Financial Performance - The company's operating revenue for 2019 was CNY 183,941,198.98, representing a 2.62% increase compared to CNY 179,250,584.28 in 2018[21]. - The net profit attributable to shareholders for 2019 was CNY 17,481,573.10, a significant increase of 452.28% from CNY 3,165,324.13 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was CNY 15,192,477.40, compared to CNY 27,269.59 in 2018, indicating a substantial improvement[21]. - The net cash flow from operating activities reached CNY 101,913,743.86, up 34.42% from CNY 75,816,463.90 in 2018[21]. - The total assets of the company at the end of 2019 were CNY 764,592,533.89, an increase of 8.86% from CNY 702,386,176.95 in 2018[21]. - The net assets attributable to shareholders increased to CNY 149,279,437.00, reflecting a growth of 13.26% from CNY 131,797,863.90 in the previous year[21]. - Basic earnings per share increased by 452.07% to CNY 0.2799 in 2019 compared to CNY 0.0507 in 2018[22]. - The weighted average return on equity rose by 10.01 percentage points to 12.439% in 2019 from 2.431% in 2018[22]. - The company reported a net profit increase of 42.71% for its subsidiary, Xi'an Jiaotong University City College, with a net profit of ¥30,379,942.77[79]. - The total revenue for the City College reached ¥175,069,928.89, marking a 17.99% increase compared to the previous year[79]. Business Segments - The company’s main business segments include computer information technology and higher education, with higher education generating greater revenue and profit[31]. - The company holds a 70% stake in Xi'an Jiaotong University City College, which is a significant contributor to its higher education revenue[31]. - The higher education segment was the main driver of growth, while the computer information business faced challenges due to market competition and previous failed asset restructurings[51]. - The computer information business generated a revenue of CNY 8,871,270.09, a decrease of 71.26% year-on-year, with a corresponding cost reduction of 73.89%[51]. - The revenue model for the company's higher education business includes tuition and accommodation fees, with costs primarily related to teaching and campus development[38]. Cash Flow and Assets - The company reported a significant increase in cash and cash equivalents, totaling CNY 274,106,463.77, attributed to increased tuition fees for the 2019/2020 academic year[47]. - Accounts receivable decreased by 34.54% to CNY 6,517,401.84, primarily due to reduced receivables from the computer information technology business[47]. - The cash inflow from investment activities rose by 199.50% to 391,072.99 RMB, attributed to increased asset disposals[73]. - The company reported a net cash flow from operating activities of CNY 101,913,743.86, an increase from CNY 75,816,463.90 in the previous year[200]. Risks and Challenges - The company has faced risks that are detailed in the annual report, which should be reviewed for a comprehensive understanding of potential challenges[7]. - The company faces risks in the computer information business due to intense market competition and potential impacts from government reforms in natural resource management[93]. - The ongoing COVID-19 pandemic poses significant risks to the company's operations, including health risks for employees and students, as well as increased operational costs[98]. - The company has experienced multiple unsuccessful major asset restructurings, which have negatively impacted its core competitiveness and business development[95]. Governance and Management - The company emphasizes the importance of internal management and risk control in its information technology services related to natural resources[89]. - The company has established a governance structure that complies with relevant regulations, ensuring effective checks and balances among its governing bodies[154]. - The board of directors held six meetings during the year, with all members attending and fulfilling their responsibilities[158]. - The company has independent financial accounting departments and systems, ensuring compliance with tax regulations[163]. Shareholder Information - The company proposed no profit distribution for 2019 due to an accumulated undistributed profit of CNY -66,186,624.11 as of December 31, 2019[5]. - The company has not proposed any cash profit distribution plans during the reporting period despite having positive profits available for distribution[106]. - The largest shareholder, Xi'an Economic Development Group Co., Ltd., holds 12,868,062 shares, representing 20.60% of the total shares[127]. - The total number of ordinary shareholders at the end of the reporting period is 5,765, a decrease from 15,359 at the end of the previous month[125]. Employee and Compensation - The total pre-tax compensation for the board members and senior management during the reporting period amounted to 1.1838 million CNY[141]. - The company has a total of 569 employees, with 31 in the parent company and 538 in major subsidiaries[148]. - The company emphasizes a performance-based compensation system, linking employee pay to overall company performance, with a focus on efficiency and effectiveness[150]. - The company actively promotes employee training and development, encouraging participation in professional qualifications with financial support[151].

Financial Performance - Operating revenue for the first nine months reached CNY 135,008,161.76, a 4.66% increase from the same period last year[5] - Net profit attributable to shareholders surged by 163.42% to CNY 18,208,022.30 compared to the previous year[5] - Basic earnings per share increased by 163.42% to CNY 0.29152[5] - The company reported a significant increase in net profit from recurring operations, which rose by 179.13% to CNY 15,616,334.40[5] - The company reported a total profit of ¥7,657,023.15 for Q3 2019, down from ¥10,663,157.57 in Q3 2018, representing a decline of 28.2%[26] - Net profit for Q3 2019 was ¥7,532,494.32, compared to ¥10,663,157.57 in Q3 2018, indicating a decrease of 29.98%[26] - The total comprehensive income for Q3 2019 was ¥7,532,494.32, down from ¥10,663,157.57 in Q3 2018, a decline of 29.98%[27] Assets and Liabilities - Total assets increased by 13.64% to CNY 798,188,839.62 compared to the end of the previous year[5] - Total liabilities rose to CNY 580,417,946.70, compared to CNY 510,112,872.36, marking an increase of about 13.76%[19] - Current liabilities totaled CNY 577,827,231.83, up from CNY 507,066,838.70, reflecting a growth of approximately 13.87%[19] - The total non-current assets amounted to CNY 476,823,319.06, down from CNY 487,318,776.73, indicating a decrease of about 2.03%[18] Cash Flow - Net cash flow from operating activities improved by 29.33% to CNY 122,786,833.19 for the first nine months[5] - Cash received from tax refunds decreased by 67.19% to ¥68,926.20 from ¥210,090.18, due to a reduction in immediate tax refunds[10] - Cash paid for purchasing goods and services dropped by 48.32% to ¥3,472,643.94 from ¥6,719,150.58, reflecting a decrease in cash outflows[10] - The net cash flow from operating activities for the first three quarters of 2019 was -CNY 4,994,573.30, improving from -CNY 9,000,041.97 in the previous year[33] - The company reported cash outflows from operating activities totaling CNY 9,963,686.79, down from CNY 23,041,004.03 in the same period last year[33] Shareholder Information - The total number of shareholders is 4,677[8] - The largest shareholder, Xi'an Economic Development Group, holds 12,868,062 shares, representing 20.60% of total shares[8] - The total number of shareholders at the end of the reporting period was not specified, but the company maintains a stable shareholder structure[7] Expenses - R&D expenses decreased by 69.37% to ¥1,063,317.54 from ¥3,472,022.65 due to reduced spending in computer information business[10] - Sales expenses dropped by 66.16%, totaling ¥2,593,986.89, reflecting reduced personnel costs in the computer information business[9] - Other income fell by 45.57% to ¥574,542.03 from ¥1,055,632.04, attributed to a decrease in government subsidies received[10] Regulatory and Strategic Outlook - The company is closely monitoring the impact of regulatory changes regarding the classification of private schools, which may affect its long-term strategy[11] - Future outlook indicates a focus on market expansion and new product development to drive revenue growth[26]

Financial Performance - The company's operating revenue for the first half of 2019 was ¥90,701,020.64, representing a 4.51% increase compared to ¥86,789,917.71 in the same period last year [23]. - The net profit attributable to shareholders was ¥13,459,650.15, a significant recovery from a loss of ¥825,060.64 in the previous year [23]. - The basic earnings per share for the first half of 2019 was ¥0.2155, compared to a loss of ¥0.013 per share in the same period last year [24]. - The weighted average return on net assets increased to 9.7162% from -0.643% in the previous year [24]. - The company's net assets attributable to shareholders rose to ¥145,257,514.05, marking a 10.21% increase from ¥131,797,863.90 at the end of the previous year [23]. - Total assets decreased by 9.90% to ¥632,871,185.96 from ¥702,386,176.95 at the end of the previous year [23]. - The company achieved a total revenue of ¥90,701,020.64 in the first half of 2019, representing a year-on-year increase of 4.51% [49]. - Net profit attributable to the parent company was ¥13,459,650.15, a significant increase from a loss of ¥825,060.64 in the same period last year [49]. - The higher education segment generated revenue of ¥81,937,323.11, up 19.14% year-on-year, driven by increased tuition fees and student enrollment [50]. - The computer information business saw a revenue decline of 56.55% to ¥7,674,788.87, primarily due to government reforms and market competition [49]. - Operating profit from the urban college reached ¥15,000,941.33, a remarkable increase of 196.45% compared to the previous year [50]. Business Strategy and Development - The company aims to transition from a project-based model to a product-based model, focusing on customized software development and related services [29]. - The company is considering the implications of registering its urban college as a non-profit institution, which could significantly influence its long-term development strategy [9]. - The company has committed to enhancing its capabilities in product research and development to mitigate competitive pressures in the software market [8]. - The company is actively expanding its market share in the land resource information sector and other e-government applications [44]. - The company is focusing on enhancing its research and development capabilities to remain competitive in the computer information technology sector [67]. - The company is collaborating with key higher education institutions to leverage research outcomes and enhance its software development capabilities [67]. - The company is considering registering its urban college as a non-profit private school to benefit from government support policies [40]. - The company has opted for the urban college to register as a non-profit institution, which is expected to benefit its long-term development [36]. Challenges and Risks - The company reported significant impacts from the ongoing reforms in the natural resources sector, which have affected its computer information technology business [7]. - The competitive landscape in the software development market remains severe, with increasing pressure on product development and customer service capabilities [8]. - The company has faced challenges due to multiple unsuccessful major asset restructuring attempts, which have adversely affected its core competitiveness and market position [10]. - The company acknowledges the risks associated with the education sector, particularly regarding enrollment policies and investment risks due to high fixed asset depreciation [9]. - The company is closely monitoring the impact of regulatory changes in the private education sector on its urban college operations [9]. - The company has faced significant risks due to unsuccessful major asset restructuring attempts, which have adversely affected its core competitiveness and business development [71]. - There is a significant risk of talent loss, particularly in management and technical roles, which could hinder operational and educational management [73]. - The company is committed to improving talent cultivation and incentive mechanisms to retain skilled professionals and ensure smooth business operations [73]. Financial Position and Assets - The company reported a significant decrease in other current assets, down by 65.36% to ¥2,101,193.98, attributed to the amortization of scholarships for the 2018/2019 academic year [42]. - Prepaid accounts decreased by 68.47% to ¥38,949,324.98, due to the recognition of tuition fees for the 2018/2019 academic year [42]. - The company's cash and cash equivalents decreased by 28.00% to ¥138,429,980.29, mainly due to the use of prepaid tuition fees from the previous academic year [55]. - The company reported a total liability of CNY 89,611,451.29, a decrease from CNY 93,622,978.77 in the previous year [117]. - Total equity increased to CNY 62,300,784.13, up from CNY 59,614,781.89 year-on-year [117]. - The total assets at the end of the reporting period are CNY 210,238,398.60, reflecting a slight increase from CNY 182,723,668.83 in the previous period [134]. - The total equity attributable to the parent company at the end of the reporting period is CNY 183,390,341.46, a decrease from CNY 182,723,668.83 at the end of the previous period, reflecting a change of approximately 0.37% [134]. Shareholder and Governance - The 2018 annual shareholders' meeting was held on June 24, 2019, with 20 shareholders representing 39.31% of the total shares present [76]. - All 10 resolutions presented at the shareholders' meeting were approved, except for the proposal to amend the company's articles of association [78]. - The company has appointed Xinyong Zhonghe Accounting Firm as the auditor for the 2019 financial report, continuing from previous years since 2011 [81]. - The company reported an outstanding payable of 9,900,000 yuan to a related party as of the end of the reporting period [85]. - The company has a loan from its largest shareholder, with a principal amount of 179,238,482.53 yuan and interest of 108,603,202.45 yuan, totaling 287,841,684.98 yuan [86]. - The largest shareholder, Xi'an Economic Development Group Co., Ltd., holds 12,868,062 shares, accounting for 20.60% of the total shares [96]. - The company has not experienced any changes in its total share capital or share structure during the reporting period [93]. - The company has not reported any changes in the controlling shareholder or actual controller [98]. Regulatory and Compliance - The company emphasizes the importance of understanding the risks associated with forward-looking statements regarding future plans and strategies [5]. - The company has not reported any non-operational fund occupation by controlling shareholders or related parties [6]. - The company has not implemented any employee stock ownership plans or other incentive measures during the reporting period [83]. - The company has adopted new financial instrument standards effective January 1, 2019, which will not impact previous financial results [90]. - The company’s financial statements are prepared based on the going concern principle, indicating no significant issues affecting its ability to continue operations [156]. - The company’s financial reports comply with the requirements of the Enterprise Accounting Standards, reflecting its financial status and operating results accurately [157].

西安博通资讯股份有限公司 2019 年第一季度报告 公司代码：600455 公司简称：博通股份 西安博通资讯股份有限公司 2019 年第一季度报告 1 / 19 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 8 | 西安博通资讯股份有限公司 2019 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 | 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 | 675,116,344.75 | 702,386,176.95 | -3.88 | | 归属于上市公司股东的净资产 | 138,910,609.10 | 131,797,863.90 | 5.40 | | 期末总股本 | 62,458,000.00 | 62,458,000.00 | 0.00 | | | 年初至报告期末 | 上年初至上年报告 | 比上年同期增减 | | | | 期末 | (%) | ...

Financial Performance - The net profit attributable to the parent company for 2018 was CNY 3,165,324.13, with undistributed profits as of December 31, 2018, at CNY -83,668,197.21, leading to a proposal of no profit distribution for the year[5]. - The company's operating revenue for 2018 was CNY 179,250,584.28, representing a 16.28% increase compared to CNY 154,159,779.57 in 2017[25]. - The net profit attributable to shareholders decreased by 27.97% to CNY 3,165,324.13 in 2018 from CNY 4,394,526.50 in 2017[25]. - The cash flow from operating activities increased by 45.58% to CNY 75,816,463.90 in 2018, up from CNY 52,079,891.33 in 2017[25]. - The total assets at the end of 2018 were CNY 702,386,176.95, a 2.75% increase from CNY 683,563,662.17 at the end of 2017[25]. - The basic earnings per share for 2018 was CNY 0.0507, down 27.57% from CNY 0.070 in 2017[26]. - The weighted average return on equity decreased to 2.431% in 2018 from 3.476% in 2017, a decline of 1.045 percentage points[26]. - The company reported a net loss of CNY 308,374.36 in Q1 2018, followed by a loss of CNY 516,686.28 in Q2 2018[28]. - The net profit attributable to shareholders in Q3 2018 was CNY 7,737,173.32, while Q4 2018 saw a loss of CNY 3,746,788.55[28]. - The company achieved a consolidated revenue of RMB 179,250,584.28, representing a year-on-year increase of 16.28%[54]. - The net profit attributable to the parent company was RMB 3,165,324.13, a decrease of 27.97% compared to the previous year[54]. - The net profit attributable to the parent company after deducting non-recurring gains and losses was RMB 27,269.59, a significant increase from a loss of RMB 9,820,789.07 in the previous year[54]. - The company’s operating profit was RMB 9,183,693.78, reflecting a year-on-year increase of 38.17%[56]. Business Operations and Strategy - The company faces significant risks in the computer information technology sector, including intense market competition and potential impacts from ongoing reforms in national resource management[8]. - The company has experienced multiple unsuccessful major asset restructuring attempts since 2015, which have adversely affected its business operations and may continue to pose risks in the future[11]. - The company aims to transition from a project-based model to a product-based model, enhancing its software development and service offerings[35]. - The company is actively expanding its market share in land resource informationization and other electronic government application systems[36]. - The company is focusing on enhancing its middleware platform and expanding its product offerings to improve market competitiveness[36]. - The company is committed to improving its service levels in land resource management through the establishment of a comprehensive data sharing and open platform[38]. - The company is positioned among the top five providers in the domestic land resource informationization market[37]. - The company continues to focus on expanding its software development business, which has shown significant revenue growth despite a reduction in the lower-margin system integration business[63]. - The company plans to actively expand enrollment and control costs to mitigate the impact of rising expenses on profitability[89]. - The company plans to closely monitor macroeconomic trends and adjust its business strategies accordingly to mitigate potential negative impacts[116]. - The company emphasizes a market-oriented strategy with a focus on research and development to enhance its competitive edge in the computer information sector[110]. - The company plans to expand its market share and improve its core competitiveness through internal management and strategic restructuring when conditions permit[104]. Educational Operations - The main business focus is on computer information technology and higher education, with a significant emphasis on land resource informationization products[34]. - The main business of the Urban College is higher education, established in collaboration with Xi'an Jiaotong University, approved by the Ministry of Education in May 2004[40]. - Urban College operates as a private higher education institution, primarily funded by student tuition and accommodation fees, with additional income from other educational services and government subsidies[41]. - The college has 44 undergraduate programs across 10 departments, focusing on engineering, management, arts, and medical fields, enhancing its reputation and influence nationwide[44]. - The independent college sector is experiencing stable growth, with Urban College ranked first in Shaanxi Province and among the top in the country[47]. - The college's educational quality is identified as a core driver of its performance, supported by strong academic resources and faculty from Xi'an Jiaotong University[44]. - The urban college has improved its teaching quality and social reputation, actively researching enrollment policies to increase student numbers[114]. - The company has maintained a high employment rate of over 95% for graduates from its urban college, reflecting its strong educational program[50]. Research and Development - The company has strengthened its research and development efforts in computer information technology, enhancing its middleware platform for better market adaptability[49]. - Research and development expenses surged by 67.69% to ¥4,056,497.67, reflecting increased investment in computer information technology[58]. - The total number of R&D personnel is 21, accounting for 35% of the company's total workforce[76][77]. - The company aims to strengthen technology research and development and improve educational quality at its urban college to enhance competitiveness[106]. Regulatory and Compliance - The company has established a cash dividend policy to protect investors' interests, which was publicly disclosed on March 11, 2014[121]. - The company has not proposed any cash profit distribution plans for the years 2017 and 2018 despite having positive net profits for those years[126]. - The company has not reported any significant accounting errors or changes in accounting policies during the reporting period[128]. - The company has ongoing related party transactions, with a payable balance of 9,900,000 yuan to Xi'an Economic Development Group as of the report date[133]. - The company has not engaged in any asset or equity acquisitions or sales that require disclosure during the reporting period[134]. - The company has established processes and systems to ensure compliance with safety and environmental regulations, contributing to sustainable development[147]. - The company maintains a focus on compliance and governance through its supervisory board and management practices[170]. Shareholder and Governance - The company has a strong governance structure with independent directors holding key positions[170]. - The total remuneration for all directors, supervisors, and senior management personnel amounted to 1.2526 million yuan before tax[175]. - The company has not granted any equity incentives to directors and senior management during the reporting period[171]. - The company maintains independence from its controlling shareholder in business, personnel, assets, and finance, ensuring autonomous operations[193]. - The board has established a performance evaluation mechanism for senior management, linking compensation to the achievement of annual operational goals[194]. - The company has a total of 562 employees, with 60 in the parent company and 502 in major subsidiaries[178]. - The company has implemented a performance-based salary policy, increasing the proportion of performance pay for middle and senior management[179]. Market and Industry Trends - The land resource informationization sector is experiencing rapid development, driven by national strategies and policies promoting information technology[38]. - The competitive landscape in land resource informationization is intensifying, with over ten strong competitors, making technological advancement and product quality critical for market share[97]. - The demand for government informationization has driven rapid growth in the e-government services sector, with significant investments in large-scale e-government systems across various levels of government[93]. - The "Internet Plus" action plan initiated by the government in 2015 presents a significant opportunity for the computer information industry, emphasizing the integration of information technology, network technology, big data, and cloud computing[94]. - The Ministry of Natural Resources has outlined a five-year plan to establish a comprehensive information technology system centered around the "Land Resource Cloud," enhancing decision-making and service capabilities in land resource management[95]. Risks and Challenges - The company faces risks from intense competition in the software market and ongoing reforms in national resource management departments, which may impact its business[109]. - There is a significant risk of talent loss in management, technology research, and education, which could adversely affect the company's operations[117]. - The company has faced significant risks due to unsuccessful major asset restructuring attempts, which have adversely affected its computer information technology business[114].

Financial Performance - Net profit attributable to shareholders decreased by 31.06% to CNY 6,912,112.68 for the first nine months of the year[5] - Basic earnings per share decreased by 31.03% to CNY 0.1107[5] - The weighted average return on equity decreased by 2.5251 percentage points to 5.2329%[5] - The company reported a net profit of CNY 650,064.33 from non-recurring gains and losses for the third quarter[7] - The net loss for the period was CNY -79,921,408.66, an improvement from CNY -86,833,521.34 in the previous period[21] - Total operating revenue for Q3 2018 reached ¥42,204,260.43, a 25.0% increase from ¥33,764,817.48 in Q3 2017[26] - Total operating revenue for the first nine months of 2018 was ¥128,994,178.14, up 12.1% from ¥115,202,387.08 in the same period of 2017[26] - The total profit for the first nine months of 2018 was ¥11,323,493.69, slightly down from ¥11,946,018.81 in the same period of 2017[27] Assets and Liabilities - Total assets increased by 9.00% to CNY 745,082,371.98 compared to the end of the previous year[5] - Total liabilities rose to CNY 551,028,872.95 compared to CNY 500,839,993.34, indicating an increase of about 10.0%[21] - Current liabilities totaled CNY 549,115,287.66, up from CNY 483,749,166.24, reflecting a growth of approximately 13.5%[20] - The company's total equity increased to CNY 194,053,499.03 from CNY 182,723,668.83, showing a growth of approximately 6.8%[21] - The total current assets decreased to CNY 26,221,897.66 from CNY 38,418,452.53, reflecting a decline of approximately 31.7%[23] Cash Flow - Net cash flow from operating activities increased by 12.17% to CNY 94,939,058.63 year-to-date[5] - Cash inflows from operating activities for the first nine months of 2018 amounted to CNY 175,606,617.87, compared to CNY 171,724,282.39 in the same period last year, reflecting a slight increase[32] - The net cash flow from operating activities for the first nine months of 2018 was CNY 94,939,058.63, up from CNY 84,640,639.30 year-on-year[32] - The net cash flow from investing activities was negative CNY 4,843,446.45 for the first nine months of 2018, compared to negative CNY 9,568,136.19 in the previous year[33] - The net cash flow from financing activities was negative CNY 5,879,057.64, an improvement from negative CNY 16,093,818.75 in the same period last year[36] Shareholder Information - Total number of shareholders is 4,865, with the largest shareholder, Xi'an Economic Development Group, holding 12,868,062 shares, accounting for 20.60%[9] - The total number of shareholders at the end of the reporting period is not specified, but the report includes details on the top ten shareholders[8] Revenue and Expenses - Operating revenue for the first nine months rose by 11.97% to CNY 128,994,178.14 compared to the same period last year[5] - Revenue from tuition fees increased by 41.34%, with prepayments rising from ¥117,006,047.69 to ¥165,371,053.59[10] - Research and development expenses surged by 741.19%, from ¥412,751.02 to ¥3,472,022.65, indicating increased investment in R&D[10] - Sales expenses decreased by 31.59%, from ¥11,203,954.47 to ¥7,664,575.57, reflecting a reduction in personnel and related costs[10] - Other income for Q3 2018 amounted to ¥699,080.62, contributing positively to the overall financial performance[26] Cash and Equivalents - Cash and cash equivalents increased by 62.14%, from ¥135,519,473.74 to ¥219,736,028.28, due to a one-time collection of tuition fees by a subsidiary[10] - The company's cash and cash equivalents decreased to CNY 10,359,582.24 from CNY 18,348,505.13, a decline of about 43.3%[23] - The cash and cash equivalents at the end of the reporting period stood at CNY 219,736,028.28, an increase from CNY 173,454,007.28 at the end of the previous year[33] Other Financial Metrics - The company reported an asset impairment loss of RMB -280,373.46, a decrease of 32.62% compared to the previous period, attributed to a higher recovery of receivables in the prior period[12] - Tax and additional fees increased by 484.46%, from ¥24,982.68 to ¥146,014.52, due to higher VAT obligations[10] - The company received tax refunds amounting to CNY 210,090.18 during the first nine months of 2018[32] - The company is considering registering its Xi'an Jiaotong University City College as a non-profit private school to benefit from more government support and favorable policies[14] - The company is in discussions regarding a potential acquisition of its shares by Zhongke Digao, although no agreements have been reached yet[15]

Business Environment and Challenges - The company reported a significant impact on its business due to the restructuring of the Ministry of Natural Resources, which integrates various governmental functions, potentially affecting client relationships and project execution [6]. - The company has faced risks related to the competitive environment in the computer information technology sector, particularly in application software, which may intensify if product development and customer service do not improve [5]. - The company has experienced challenges with major asset restructuring attempts, with two significant restructurings initiated in 2015 and 2016 that were ultimately unsuccessful, impacting its operational capabilities [8]. - The company acknowledges the potential for future major asset restructuring, contingent on favorable conditions and regulatory approvals, but recognizes the inherent uncertainties involved [8]. - The company faced risks from unsuccessful major asset restructurings in 2015 and 2016, which negatively impacted its computer information technology business [60]. - The computer information technology business is facing increased competition and risks due to economic cycles and market changes [56]. Financial Performance - The company's operating revenue for the first half of the year was ¥86,789,917.71, representing a 6.57% increase compared to ¥81,437,569.60 in the same period last year [21]. - The net profit attributable to shareholders was a loss of ¥825,060.64, an improvement from a loss of ¥1,473,148.53 in the previous year [21]. - The net cash flow from operating activities was -¥45,914,173.85, slightly worse than -¥44,749,788.27 in the same period last year [21]. - The total assets decreased by 11.26% to ¥606,594,640.45 from ¥683,563,662.17 at the end of the previous year [21]. - The basic earnings per share for the first half of the year was -¥0.013, an improvement from -¥0.024 in the same period last year [22]. - The company reported non-recurring gains and losses totaling ¥667,674.80, with significant contributions from government subsidies and asset impairment reversals [24]. - The company's operating costs increased by 12.99%, reaching CNY 43,783,698.18 compared to CNY 38,750,524.83 in the previous year [50]. - The net profit after deducting non-recurring gains and losses was a loss of CNY 1,492,735.44, showing a reduction in loss of CNY 34,869.49 year-on-year [47]. Educational Sector Developments - The company has chosen to register its urban college as a non-profit private school, which is expected to benefit its long-term development strategy [7]. - The company has noted that the stricter enrollment policies and a decrease in the number of candidates for college entrance examinations may affect student enrollment numbers [7]. - The urban college reported a continuous high enrollment quality, with admission scores ranking first among independent colleges in Shaanxi Province [42]. - City College is recognized as one of the top five providers in the national land resources information industry, maintaining a leading position in the coal enterprise information sector [31]. - The independent college sector is experiencing stable development, with City College ranked first in Shaanxi Province and among the top independent colleges nationally [37]. - The college has made significant progress since its establishment, with improved teaching quality and increased social reputation, actively researching enrollment policies to expand student numbers [60]. Cash Flow and Liquidity - The company's cash and cash equivalents decreased by 38.78% from CNY 135,519,473.74 to CNY 82,960,139.54, primarily due to the subsidiary City College's operational expenses and repayment of due loans [39]. - Prepayments decreased significantly by 86.91%, from CNY 985,000.00 to CNY 128,977.50, attributed to the settlement of laboratory equipment payments by City College [39]. - Other receivables increased by 54.83%, from CNY 1,694,353.85 to CNY 2,623,318.63, due to an increase in performance guarantee deposits and pending tax refunds in the computer information business [39]. - Inventory decreased by 51.80%, from CNY 13,274,129.69 to CNY 6,398,685.16, resulting from the cost transfer of completed software projects in the computer information business [39]. - The company’s advance receipts decreased by 65.07%, from CNY 117,006,047.69 to CNY 40,866,306.35, as the tuition fees collected in the previous year were recognized as revenue in the current period [39]. Shareholder and Governance Matters - The annual shareholders' meeting held on June 21, 2018, had 2 shareholders representing a total of 12,943,062 shares, accounting for 20.72% of the company's total share capital [70]. - All 8 proposals presented at the meeting, including the 2017 annual report and profit distribution plan, were approved [71]. - The company proposed no profit distribution or capital reserve fund increase for the first half of 2018, with no dividends or bonus shares to be issued [73]. - The company has retained the auditing firm Xinyong Zhonghe for the 2018 financial year, continuing a relationship that has been in place since 2011 [73]. - The company maintains a good integrity status, with no outstanding court judgments or significant debts due [76]. - The company did not propose any changes to its articles of association during the shareholders' meeting [71]. Strategic Initiatives and Future Plans - The company aims to transition from a project-based model to a product-based model, enhancing its software development and service capabilities [28]. - The company is actively expanding its market share in land resource informationization and other e-government applications [29]. - The company plans to enhance its core competitiveness through improved management practices in the second half of 2018 [44]. - The company is focusing on enhancing its research and development capabilities to maintain competitiveness in the computer information technology sector [58]. - The company plans to expand enrollment and control costs to improve profitability in the education sector [55]. Regulatory and Compliance Issues - The new Private Education Promotion Law, effective from September 1, 2017, allows private schools to choose between non-profit and for-profit status, impacting future operational strategies [63]. - The decision to register as a non-profit is based on the potential for greater government support and simpler procedures compared to for-profit registration [64]. - The college's choice to register as a non-profit aligns with national policies favoring non-profit educational institutions, enhancing its competitive position [65]. Financial Integrity and Reporting - The company has not reported any non-operational fund occupation by controlling shareholders or related parties, ensuring financial integrity [5]. - The company did not report any major accounting errors that required restatement during the reporting period [82]. - The company has not implemented any employee stock ownership plans or other incentive measures during the reporting period [77]. - The company has no external guarantees during the reporting period [81]. - The company reported a total payable amount to its major shareholder, Xi'an Economic Development Group, of 9,900,000 yuan as of the end of the reporting period [78].

二、 公司基本情况 2.1 主要财务数据 西安博通资讯股份有限公司 2018 年第一季度报告 公司代码：600455 公司简称：博通股份 西安博通资讯股份有限公司 2018 年第一季度报告 1 / 19 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 5 | | 四、 | 附录 8 | 西安博通资讯股份有限公司 2018 年第一季度报告 一、 重要提示 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 | -2,163.67 | | | 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 | 59,080.62 | | | 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 | | | 3 / 19 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 643,814,522.22 683 ...

Financial Performance - The company achieved a net profit attributable to the parent company of CNY 4,394,526.50 for the year 2017[6]. - As of December 31, 2017, the company's undistributed profits amounted to CNY -86,833,521.34, leading to a proposal of no profit distribution for the year[6]. - The company's operating revenue for 2017 was CNY 154,159,779.57, a decrease of 4.67% compared to CNY 161,708,227.58 in 2016[26]. - The net profit attributable to shareholders of the listed company was CNY 4,394,526.50 in 2017, recovering from a loss of CNY 9,990,251.64 in 2016[26]. - The net cash flow from operating activities increased by 93.06% to CNY 52,079,891.33 in 2017, compared to CNY 26,976,151.94 in 2016[26]. - The total assets at the end of 2017 were CNY 683,563,662.17, reflecting a 1.09% increase from CNY 676,208,829.65 at the end of 2016[26]. - The basic earnings per share for 2017 was CNY 0.070, compared to a loss of CNY 0.160 per share in 2016[27]. - The weighted average return on equity improved to 3.476% in 2017 from -7.730% in 2016[27]. - The company reported a net profit of CNY 11,499,892.23 in the third quarter of 2017, marking a significant recovery from previous quarters[29]. - Non-recurring gains and losses amounted to CNY 14,215,315.57 in 2017, compared to CNY 1,039,486.63 in 2016[31]. Business Operations and Strategy - The company operates primarily in two sectors: computer information technology and higher education, with a fully owned subsidiary and two controlling subsidiaries[35]. - The main products in the computer information technology sector include land resource information products and middleware platform products, with a focus on electronic government informationization[36]. - The company is among the top five providers in the domestic land resource informationization market and is actively expanding its market share in electronic government applications[38]. - The land resource informationization business is expected to benefit from the government's push for a nationwide "land resource cloud" and improved data sharing services[39]. - The higher education segment operates an independent college, which has recently expanded its enrollment to include undergraduate programs for students who pass the national entrance examination[40]. - The independent college is registered as a non-profit institution, which is anticipated to positively impact its long-term development[42]. - The company is transitioning from a project-based model to a product-based model in its computer information technology business, focusing on software development and system integration services[37]. - The software industry in China is experiencing rapid growth, driven by increasing government demand for informationization and electronic government services[37]. - The company aims to enhance its competitive edge by investing in research and development for its middleware platform and expanding its service offerings[37]. Challenges and Risks - The company has faced significant risks in the computer information technology sector due to economic cycles and intense market competition, which may impact future performance[9]. - The company has experienced challenges with major asset restructuring efforts, with previous attempts in 2015 and 2016 not being approved, impacting its business development[10]. - Future asset restructuring plans may be pursued depending on market conditions, but there are uncertainties regarding approval and implementation[11]. - The company faced challenges due to unsuccessful major asset restructurings, impacting its core competitiveness and market performance[55]. - The revenue from the computer information business decreased due to significant asset restructuring, with software project revenue at ¥5,616,436.81, resulting in a gross margin of 49.27%, down from 51.87% in 2016[66]. - The company recognizes the increasing competition in higher education due to a long-term decline in the number of students eligible for college entrance exams[101]. Governance and Compliance - The company’s board of directors and management have confirmed the accuracy and completeness of the annual report[5]. - The company has not engaged in non-operating fund occupation by controlling shareholders or related parties[8]. - The company has not provided guarantees in violation of regulatory decision-making procedures[9]. - The company has not proposed any cash dividends or stock dividends for the years 2016 and 2017, reflecting ongoing financial challenges[122]. - The company has been actively revising its cash dividend policy to better reflect investor interests and ensure compliance with regulatory requirements[118]. - The company has engaged Xinyong Zhonghe Accounting Firm for auditing services, with a remuneration of 300,000 RMB for the fiscal year 2017[127]. - The company has maintained a consistent relationship with Xinyong Zhonghe Accounting Firm since 2011, ensuring continuity in its auditing processes[127]. - The company has publicly disclosed its cash dividend policy revisions and sought investor opinions to enhance transparency and governance[118]. Human Resources and Employee Development - The total number of employees in the parent company and major subsidiaries is 660, with 143 in the parent company and 517 in subsidiaries[182]. - The company has 365 technical personnel, accounting for approximately 55.3% of the total workforce[182]. - 49% of employees hold a master's degree or higher, totaling 323 individuals[182]. - The company emphasizes performance-based compensation, gradually increasing the proportion of performance pay for mid-to-senior management[183]. - Employee training programs include onboarding for new hires and ongoing training for existing staff, focusing on technical and product knowledge[184][185]. - The company has no outsourced labor, indicating a fully in-house workforce[186]. Social Responsibility and Environmental Initiatives - The company emphasizes the importance of social responsibility, focusing on safety production, product quality, environmental protection, and employee rights[148]. - The company has established processes and systems related to safety production and environmental protection, contributing to sustainable development[149]. - The company has actively engaged in energy-saving and environmental protection initiatives, aligning with national policies for green development[149]. - The company has established a worker representative assembly and union to ensure employee rights are respected and protected[148]. - The company is committed to providing a clean and safe working environment for its employees, enhancing productivity and reducing labor intensity[148]. Future Outlook and Plans - For 2018, the company plans to achieve operating revenue of 170 million yuan and control costs at 165 million yuan[107]. - The company aims to enhance its core competitiveness and market share by improving technology and educational quality in 2018[107]. - The company plans to strengthen its research and development efforts in computer information technology and expand its market presence[103]. - The company will continue to analyze national and provincial policies regarding private education to align its development direction accordingly[104]. - The company aims to enhance its competitive edge by increasing the proportion of high-margin project contracts and improving product R&D and service quality[108].

Financial Performance - Revenue decreased by 3.28% to CNY 115,202,387.08 for the period from January to September compared to the same period last year[4] - Net profit attributable to shareholders was CNY 10,026,743.70, a significant recovery from a loss of CNY 4,452,504.78 in the same period last year[4] - Basic earnings per share improved to CNY 0.161 from a loss of CNY 0.071 in the same period last year[4] - Total operating revenue for the first nine months of 2017 was ¥15,386,066.04, down from ¥22,520,193.75 in the previous year, representing a decrease of approximately 31.5%[36] - The net profit for the first three quarters was CNY 11,944,947.26, compared to a net loss of CNY 2,671,870.36 in the same period last year[33] - The total comprehensive income for the first nine months of 2017 was ¥9,812,285.96, a recovery from a loss of -¥10,807,953.35 in the previous year[37] Assets and Liabilities - Total assets increased by 5.42% to CNY 712,872,724.55 compared to the end of the previous year[4] - Current assets increased to ¥200,860,024.00 from ¥158,003,008.61 at the beginning of the year, with cash and cash equivalents rising to ¥173,454,007.28[26] - The company's total liabilities as of September 30, 2017, were ¥525,644,131.34, compared to ¥500,925,183.70 at the beginning of the year[28] - The company's equity attributable to shareholders increased to ¥134,264,756.97 from ¥124,238,013.27 at the beginning of the year[28] Cash Flow - Net cash flow from operating activities increased by 52.39% to CNY 84,640,639.30 for the period from January to September[4] - Cash flow from operating activities for the first nine months of 2017 was ¥84,640,639.30, an increase from ¥55,543,153.32 in the same period last year, showing improved cash generation[38] - Total cash inflow from operating activities was 34,767,532.36 RMB, significantly higher than 14,714,537.82 RMB in the previous year, reflecting a growth of approximately 136%[41] - The ending cash and cash equivalents balance was 11,055,557.16 RMB, up from 740,347.42 RMB at the end of the previous year[42] Government Support - Non-operating income from government subsidies amounted to CNY 15,503,000.00 for the third quarter[6] - The company received government subsidies totaling ¥21,995,590.48, a 131.88% increase compared to the previous period, primarily due to more government support for its computer information business[14] - The company has received a total of ¥15 million in government support for its projects, which is expected to increase the net profit for 2017 by ¥15 million[18] Shareholder Information - The total number of shareholders reached 4,674 by the end of the reporting period[8] - The largest shareholder, Xi'an Economic Development Group, holds 20.60% of the shares[8] - The company held a temporary shareholders' meeting on October 10, 2017, to elect new board members and independent directors[20] Operational Efficiency - The company has increased its focus on operational management to enhance efficiency, contributing positively to performance improvements[22] - The company reported a significant increase in operating income, with a rise of 2202.23% in non-operating income to ¥15,765,388.90, mainly from government subsidies[16] Inventory and Receivables - Inventory rose by 71.69% to ¥11,232,909.18, attributed to an increase in computer information business construction projects[12] - Accounts receivable decreased to CNY 3,554,443.03 from CNY 10,479,895.79, a decline of 66.1%[30] - The company reported a significant increase in inventory, which rose to ¥11,232,909.18 from ¥6,542,583.22 at the beginning of the year[26] Borrowings - The company’s short-term borrowings decreased by 100% to ¥0, as City College repaid its bank loans[12] - The company’s long-term borrowings remained stable at ¥20,000,000.00, reflecting an increase in loans taken by City College[13] - The company received 30,000,000.00 RMB in borrowings during the third quarter, an increase from 20,000,000.00 RMB in the previous quarter[39]