Financial Performance - The company achieved a net profit attributable to shareholders of 4,418,817.59 yuan in 2020, a significant recovery from a loss of 64,235,909.56 yuan in 2019[5]. - Operating revenue for 2020 was 341,609,383.11 yuan, representing a year-on-year increase of 15.88% compared to 294,797,161.45 yuan in 2019[25]. - The cash flow from operating activities reached 72,333,797.22 yuan, a substantial increase of 1,696.24% from 4,026,945.99 yuan in the previous year[25]. - Basic earnings per share for 2020 was CNY 0.027, a significant improvement from CNY -0.399 in 2019[26]. - The weighted average return on equity increased by 35.03 percentage points to 2.83% in 2020 from -32.20% in 2019[26]. - The net profit for 2020 was 4.42 million yuan, a significant increase of 6.87 million yuan compared to the previous year[50]. - The company reported a total comprehensive income of ¥4,419,358.61 for 2020, a recovery from a loss of ¥64,238,375.71 in 2019[189]. - The company experienced a decrease in financial expenses, which fell to ¥6,822,782.25 in 2020 from ¥8,289,825.00 in 2019, reflecting better cost management[188]. Assets and Liabilities - The total assets of the company at the end of 2020 were 410,545,443.73 yuan, showing a slight decrease of 0.04% from 410,692,699.22 yuan at the end of 2019[25]. - The net assets attributable to shareholders decreased by 5.23% to 158,642,994.04 yuan from 167,392,836.16 yuan in 2019[25]. - Current liabilities increased to ¥229,189,364.13 in 2020 from ¥219,170,276.36 in 2019, representing a growth of approximately 4.6%[181]. - Total liabilities rose to ¥251,902,449.69 in 2020, compared to ¥243,270,156.82 in 2019, indicating an increase of about 3.3%[182]. - The company's total equity decreased to ¥158,642,994.04 in 2020 from ¥167,422,542.40 in 2019, reflecting a decline of approximately 5.2%[182]. Revenue and Cost Management - Operating costs decreased by 4.90% to ¥272.53 million, attributed to the optimization of the business structure towards higher profit software and system integration revenues[54]. - The gross profit margin for the current period was 19.54%, an increase of 18.47% compared to the previous year, driven by higher sales of customized software[57]. - Revenue from the postal industry increased by 10.05%, while revenue from other industries surged by 245.88%, driven by growth in the logistics market[57]. - Customized software revenue rose by 137.30%, primarily due to business transformation and adjustments in revenue recognition standards[57]. Research and Development - The company established a comprehensive product R&D system, covering all processes from product definition to promotion and operation[38]. - R&D expenses increased by 25.30% to ¥10.82 million, reflecting the company's commitment to business transformation and upgrading[51]. - Total R&D investment was 108.23 million RMB, representing 3.17% of operating revenue, with R&D personnel numbering 234, making up 45% of the total workforce[68]. Market Strategy and Expansion - The company plans to focus on market expansion and new technology development as part of its future strategy[11]. - The company successfully expanded its software development business, focusing on key projects in postal services, finance, and logistics[36]. - The company secured the F5 maintenance project for Postal Savings Bank, enhancing its product sales segment[37]. - The company intends to strengthen its market development in the postal sector by integrating resources and ensuring the operation of key projects and platforms[87]. Corporate Governance and Management - The company has established a sound corporate governance structure and strict information disclosure system to protect the rights of shareholders, especially minority shareholders[115]. - The company has maintained a stable management team and core technical personnel through comprehensive talent training[115]. - The company’s board includes independent directors with various academic and professional backgrounds[140]. - The company has a remuneration decision-making process involving a compensation and assessment committee[141]. Risks and Challenges - The management has highlighted potential risks related to market demand and project acceptance in their forward-looking statements[9]. - The company recognizes the risk of misalignment between its performance system and market-oriented compensation mechanisms, which may affect its ability to attract high-end talent[90]. - The company faces challenges in market expansion, with software development primarily customized for the postal industry and a lack of brand recognition in platform operation services[91]. - There is a significant talent gap in key technology areas such as cloud computing, big data analysis, artificial intelligence, and blockchain, impacting the company's innovation capabilities[91]. Cash Flow and Financing - The net cash flow from operating activities surged to ¥72.33 million, a significant increase of 1,696.24% year-on-year[51]. - The net cash flow from investment activities was negative at ¥6.80 million, primarily due to equity investments in Fuxin Futong Technology Co., Ltd.[53]. - The company received RMB 70,000,000.00 in borrowings in 2020, down from RMB 150,000,000.00 in 2019, a decrease of 53.3%[197]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,108, an increase from 21,469 at the end of the previous month[120]. - The largest shareholder, Beijing Zhongyou Asset Management Co., Ltd., held 53,128,388 shares, representing 32.98% of the total shares[122]. - The company has not disclosed any significant changes in its environmental information during the reporting period[116]. Rental Income and Asset Utilization - The company reported a total rental income of 393,438.86 RMB from Han Ya Star Sky Cultural Technology Co., Ltd. for the year 2020[109]. - The total rental income from the various agreements indicates a strategy to optimize asset utilization and generate cash flow[109]. - The company is actively managing its rental contracts to enhance financial performance and liquidity[109].

Financial Performance - Operating revenue surged by 206.63% to CNY 63,188,026.80 year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 4,129,585.94, an improvement from a loss of CNY 14,211,149.00 in the same period last year[6] - Revenue for Q1 2021 reached ¥63,188,026.80, a significant increase of 206.63% compared to ¥20,607,011.88 in the same period last year[15] - The company reported a net operating loss of ¥2,854,044.46 for Q1 2021, an improvement from a loss of ¥15,836,681.34 in Q1 2020[26] - The total comprehensive loss for Q1 2021 was CNY -4,129,585.94, compared to CNY -14,211,149.00 in Q1 2020, showing a notable improvement[30] - The company's operating revenue for Q1 2021 was CNY 63,188,026.80, a significant increase of 206.5% compared to CNY 20,607,011.88 in Q1 2020[29] - The net loss for Q1 2021 was CNY -4,129,585.94, an improvement from a net loss of CNY -14,211,149.00 in Q1 2020, representing a reduction of approximately 70.0%[29] Assets and Liabilities - Total assets increased by 5.42% to CNY 432,800,474.51 compared to the end of the previous year[6] - Total assets as of March 31, 2021, amounted to ¥432,800,474.51, compared to ¥410,545,443.73 at the end of 2020[19] - Current liabilities totaled ¥252,994,171.13, an increase from ¥229,189,364.13, reflecting higher operational obligations[19] - Total current liabilities increased to ¥256,995,462.81 from ¥233,190,655.81, reflecting a rise of 10.24%[24] - The company’s total liabilities stood at 229,189,364.13 RMB, remaining unchanged compared to the previous year[38] - The total liabilities amounted to CNY 255,668,199.89, with a total equity of CNY 166,734,932.16, resulting in total assets of CNY 422,403,132.05[45] Cash Flow - Cash flow from operating activities showed a significant negative change, with a net outflow of CNY 69,397,145.16 compared to a net inflow of CNY -488,447.98 last year[6] - Cash received from sales of goods and services was ¥30,504,447.93, up 65.48% from ¥18,434,137.03, indicating increased cash flow from operations[15] - The company's operating cash flow for Q1 2021 was CNY -69,397,145.16, compared to CNY -488,447.98 in Q1 2020, indicating a significant increase in cash outflow[31] - The total cash inflow from financing activities was 60,000,000.00 RMB, up from 20,000,000.00 RMB in the same period last year, reflecting a 200% increase[34] - The ending cash and cash equivalents balance decreased to 36,524,081.83 RMB from 45,366,684.36 RMB year-over-year, a decline of approximately 19.5%[32] Shareholder Information - The number of shareholders reached 21,469, with the top ten shareholders holding a combined 54.08% of shares[10] - The total equity attributable to shareholders decreased to ¥154,513,408.10 from ¥158,642,994.04, reflecting ongoing financial challenges[20] - The company’s total equity decreased to ¥162,605,346.22 from ¥166,734,932.16, a decline of approximately 2.59%[25] - The total equity attributable to shareholders was CNY 158,642,994.04, reflecting the company's ownership structure[43] Inventory and Costs - Inventory increased by 34.44% to CNY 63,375,228.22, attributed to unfinished projects[12] - Operating costs rose to ¥55,590,929.30, reflecting a 176.37% increase from ¥20,114,918.96, primarily due to higher sales volume[15] - Total operating costs for Q1 2021 were ¥71,717,056.29, up from ¥31,530,883.86 in Q1 2020, reflecting an increase of 128.50%[26] - Cash paid for purchasing goods and services surged to ¥51,609,843.33, a dramatic increase of 676.87% from ¥6,643,329.28, indicating significant investment in inventory[15] Government Support and Future Plans - The company received government subsidies amounting to CNY 1,594,800.00, which are closely related to its normal business operations[8] - The company plans to continue expanding its market presence and developing new technologies in the upcoming quarters[11]

Financial Performance - Operating revenue decreased by 35.46% year-on-year, amounting to RMB 144,657,061.46 for the first nine months[7] - Net profit attributable to shareholders was a loss of RMB 6,119,451.27, an improvement compared to a loss of RMB 23,811,680.07 in the same period last year[7] - The weighted average return on net assets improved by 1.2 percentage points to -3.72%[7] - The basic earnings per share for the reporting period was -RMB 0.038, compared to -RMB 0.148 in the same period last year[7] - The net loss for the first three quarters of 2020 was CNY 141,926,263.87, worsening from a loss of CNY 135,807,801.44 in the same period of 2019[25] - The company reported a total equity of CNY 169,298,268.34 as of September 30, 2020, down from CNY 175,416,730.77 at the end of 2019, a decrease of 3.4%[25] - The total comprehensive income for the third quarter of 2020 was CNY 3,401,810.32, compared to a loss of CNY 23,449,382.43 in the same period of 2019[33] Cash Flow - The company reported a cash flow from operating activities of -RMB 12,094,369.77 for the first nine months, an improvement from -RMB 18,228,936.21 in the previous year[7] - Cash received from sales decreased by 47.62% to CNY 155,597,799.26, attributed to reduced revenue and cash collection[17] - Cash paid for goods and services decreased by 62.66% to CNY 92,735,856.20, corresponding to lower revenue[17] - Cash inflows from operating activities for the first three quarters of 2020 amounted to CNY 206,759,955.06, down 30.4% from CNY 297,066,176.47 in the same period of 2019[35] - The net cash flow from operating activities for the first three quarters of 2020 was a loss of CNY 12,094,369.77, an improvement from a loss of CNY 18,228,936.21 in 2019[35] - The ending cash and cash equivalents balance as of September 30, 2020, was CNY 40,026,791.38, an increase from CNY 37,522,074.05 at the end of the same period in 2019[36] Assets and Liabilities - Total assets increased by 13.95% year-on-year, reaching RMB 467,991,069.25 at the end of the reporting period[7] - Current liabilities rose to CNY 284,941,494.60, up from CNY 219,170,276.36, indicating increased short-term obligations[20] - Total liabilities increased to CNY 310,453,716.60 in Q3 2020 from CNY 247,035,887.02 in Q3 2019, marking a rise of 25.6%[24] - Total assets as of September 30, 2020, amounted to CNY 479,751,984.94, up from CNY 422,452,617.79 at the end of 2019, reflecting a growth of 13.5%[24] - The company reported a total of 338,577,638.04 RMB in current assets, which includes cash, receivables, and inventory[40] - Non-current assets totaled 72,115,061.18 RMB, which includes fixed assets and intangible assets[41] Shareholder Information - The number of shareholders at the end of the reporting period was 23,401[11] - The top three shareholders held a combined 43.59% of the shares, with Beijing Zhongyou Asset Management Co., Ltd. holding 32.98%[11] Research and Development - Research and development expenses increased by 168.89% to CNY 5,631,263.18, indicating a focus on structural transformation and increased R&D investment[14] - Research and development expenses for Q3 2020 were CNY 2,223,326.70, up from CNY 1,000,591.13 in Q3 2019, indicating a growth of 121.2%[28] Government Subsidies - Government subsidies recognized in the current period amounted to RMB 4,574,100.00, with RMB 1,837,100.00 recognized in the third quarter[9] Financial Standards and Reclassifications - The company has implemented new revenue and leasing standards starting from January 1, 2020, affecting financial reporting[39] - The company reclassified 1,181,245.25 RMB of sales and service-related advance payments to contract liabilities due to the implementation of new revenue recognition standards[43] - The company reclassified 945,703.77 from advance receipts to contract liabilities due to the implementation of the new revenue standard[47]

证券代码：600476 证券简称：湘邮科技 公告编号：临 2020-017 湖南湘邮科技股份有限公司 关于参加 2020 年湖南辖区上市公司投资者 网上集体接待日活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 为进一步加强与投资者的互动交流，使广大投资者能更深入全面 地了解公司情况，湖南湘邮科技股份有限公司（以下简称"公司"） 将参加由中国证券监督管理委员会湖南监管局、湖南省上市公司协会 和深圳市全景网络有限公司联合举办的"2020 年湖南辖区上市公司 投资者网上集体接待日"活动，现将有关事项公告如下： 本次投资者网上接待日活动将通过深圳市全景网络有限公司提 供的网上平台，采取网络远程的方式举行，投资者可以登陆"全景·路 演天下"网站（http://rs.p5w.net ）参与公司本次投资者集体接待 日活动，活动时间为 2020 年 9 月 11 日（星期五）15:00 至 17:00。 届时公司董事会秘书、财务部经理、证券事务代表将通过网络文 字交流形式与投资者进行沟通。 欢迎广大投资者积极参与。 特此公告 ...

Financial Performance - The company's operating revenue for the first half of 2020 was ¥104,365,006.13, a decrease of 50.02% compared to ¥208,807,390.26 in the same period last year[20]. - The net profit attributable to shareholders was -¥9,521,261.59, compared to -¥7,923,011.17 in the previous year, indicating a continued loss[20]. - The net cash flow from operating activities was ¥2,862,434.29, a significant improvement from -¥6,052,238.09 in the same period last year[20]. - The total assets at the end of the reporting period were ¥405,218,701.87, down 1.33% from ¥410,692,699.22 at the end of the previous year[20]. - The net assets attributable to shareholders decreased by 5.69% to ¥157,871,574.57 from ¥167,392,836.16 at the end of the previous year[20]. - The basic earnings per share for the first half of 2020 was -¥0.0591, compared to -¥0.0492 in the same period last year[21]. - The weighted average return on net assets was -5.85%, a decrease of 2.37 percentage points from -3.48% in the previous year[21]. - The total comprehensive loss for the first half of 2020 was ¥9,520,272.75, compared to a loss of ¥7,655,800.41 in the first half of 2019[96]. - The net loss for the first half of 2020 was ¥9,521,269.87, compared to a net loss of ¥7,923,803.30 in the first half of 2019, representing a deterioration of 20.2%[92]. Revenue and Costs - Operating costs decreased by 55.79% to approximately ¥88.82 million from ¥200.89 million, corresponding to the decline in revenue[39]. - Total operating costs for the first half of 2020 were ¥115,025,608.10, down 49.3% from ¥226,385,472.84 in the same period last year[91]. - Research and development expenses increased by 211.61% to approximately ¥3.41 million from ¥1.09 million, reflecting a significant increase in R&D investment[39]. - Research and development expenses increased significantly to ¥3,407,936.48, up 211.5% from ¥1,093,655.05 in the first half of 2019[91]. Government Support - The company received government subsidies amounting to ¥2,737,000.00, which are closely related to its normal business operations[22]. - The company received increased government grant income, with other income rising to approximately ¥400,580 from ¥1,600.12, marking a significant increase[39]. Assets and Liabilities - Total current assets as of June 30, 2020, amount to ¥334,358,315.06, a slight decrease from ¥338,577,638.04 at the end of 2019[82]. - Cash and cash equivalents are reported at ¥37,219,645.50, down from ¥82,208,713.55 in December 2019[82]. - Accounts receivable increased to ¥157,448,055.14 from ¥115,266,790.43 year-over-year[82]. - Total liabilities increased to CNY 251,083,159.54, up from CNY 247,035,887.02, reflecting a growth of approximately 0.84%[89]. - Current liabilities totaled CNY 228,543,629.62, compared to CNY 222,936,006.56, indicating an increase of about 2.73%[89]. Shareholder Information - The total number of ordinary shareholders reached 22,367 by the end of the reporting period[72]. - The top shareholder, Beijing Zhongyou Asset Management Co., holds 53,128,388 shares, representing 32.98% of total shares[74]. - The second largest shareholder, Postal Science Research Planning Institute, holds 10,229,332 shares, accounting for 6.35%[74]. Strategic Developments - The company achieved a substantial growth in platform operation service contracts compared to the same period last year, indicating a breakthrough in this business segment[33]. - The software development business has seen a notable upgrade in productization and platformization, with successful pilot launches in several provinces[33]. - The company is focusing on integrating new technologies such as blockchain, IoT, big data, and AI into its software and integrated projects, driving innovation[29]. - The establishment of a technology development center indicates a strategic focus on enhancing R&D capabilities[52]. Financial Management - The company has implemented a funding plan to enhance capital efficiency and control key accounts receivable, resulting in cost savings[35]. - The company has proposed no profit distribution or capital reserve fund transfer for the half-year period, with no dividends or stock bonuses planned[56]. - The company continues to employ Tianzhi International Accounting Firm for financial and internal control audits for the year 2020[59]. Accounting Policies - The company has implemented changes in accounting policies effective from January 1, 2020, in accordance with the revised revenue recognition standards[68]. - The company’s accounting policies comply with the latest enterprise accounting standards, ensuring accurate reflection of financial status and operating results[127]. - The company regularly reviews significant accounting judgments and estimates, impacting the reported amounts of income, expenses, assets, and liabilities[198]. Impairment and Losses - The company incurred asset impairment losses of ¥2,512,638.99 in the first half of 2020, down from ¥4,101,532.89 in the same period last year[95]. - The company reported a fair value loss of ¥5,481,182.52 in the first half of 2020, compared to a gain of ¥4,947,616.08 in the first half of 2019[95]. Market Conditions - The company faced challenges due to the pandemic, impacting project timelines and revenue generation[52]. - The overall financial performance indicates a challenging environment, with a focus on stabilizing equity and managing reserves[109].

[Important Notice](index=3&type=section&id=%E4%B8%80%E3%80%81%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) This section provides essential disclaimers regarding the unaudited nature of the report and the responsibilities of the board and management [Unaudited Report Statement](index=3&type=section&id=1.1%20%E6%8A%A5%E5%91%8A%E6%9C%AA%E7%BB%8F%E5%AE%A1%E8%AE%A1%E5%A3%B0%E6%98%8E) The company's first quarter 2020 report is unaudited - The company's first quarter report is **unaudited**[5](index=5&type=chunk) [Board of Directors and Management Statement](index=3&type=section&id=1.2%20%E8%91%A3%E4%BA%8B%E4%BC%9A%E5%8F%8A%E7%AE%A1%E7%90%86%E5%B1%82%E5%A3%B0%E6%98%8E) The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report content, assuming legal responsibility; the company's head, chief accountant, and head of accounting department also ensure the financial statements' truthfulness, accuracy, and completeness - The company's board of directors, supervisory board, directors, supervisors, and senior management guarantee the **truthfulness, accuracy, and completeness** of the quarterly report content, free from false records, misleading statements, or major omissions, and assume individual and joint legal responsibility[8](index=8&type=chunk) - Company head Dong Zhihong, chief accountant Liu Zhaohui, and head of accounting department Zhu Jianying guarantee the **truthfulness, accuracy, and completeness** of the financial statements in the quarterly report[8](index=8&type=chunk) [Company Profile](index=3&type=section&id=%E4%BA%8C%E3%80%81%E5%85%AC%E5%8F%B8%E5%9F%BA%E6%9C%AC%E6%83%85%E5%86%B5) This section provides an overview of the company's key financial performance and shareholding structure as of the reporting period [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) As of the end of Q1 2020, the company's total assets and net assets attributable to shareholders both decreased year-over-year; operating revenue and net profit significantly declined, with net profit attributable to shareholders turning from profit to loss, and weighted average ROE and basic EPS also deteriorated significantly Key Financial Data Overview (As of Q1 2020) | Indicator | Current Period End/Year-to-Date | Prior Year End/Prior Year-to-Date | Change (%) | | :--- | :--- | :--- | :--- | | **Balance Sheet (Period End):** | | | | | Total Assets | 369,013,407.70 CNY | 410,692,699.22 CNY | -10.15 | | Net Assets Attributable to Shareholders | 153,181,687.16 CNY | 167,392,836.16 CNY | -8.49 | | **Income Statement (Year-to-Date):** | | | | | Operating Revenue | 20,607,011.88 CNY | 134,689,786.44 CNY | -84.70 | | Net Profit Attributable to Shareholders | -14,211,149.00 CNY | 4,127,955.46 CNY | -444.27 | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | -10,923,871.98 CNY | 2,588,755.46 CNY | -521.97 | | Weighted Average ROE (%) | -0.09 | 1.77 | Decrease by 1.86 percentage points | | Basic EPS (CNY/share) | -0.088 | 0.026 | -438.46 | | Diluted EPS (CNY/share) | -0.088 | 0.026 | -438.46 | | **Cash Flow Statement (Year-to-Date):** | | | | | Net Cash Flow from Operating Activities | -488,447.98 CNY | -44,282,488.85 CNY | Not applicable | [Non-recurring Gains and Losses Items](index=3&type=section&id=2.1.2%20%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE) During the reporting period, the company's total non-recurring gains and losses amounted to -3,287,277.02 CNY, primarily comprising government subsidies of 1,587,000.00 CNY recognized in current profit or loss, and fair value changes in financial assets of -6,499,809.36 CNY Non-recurring Gains and Losses Items and Amounts | Item | Amount (CNY) | | :--- | :--- | | Government subsidies recognized in current profit or loss | 1,587,000.00 | | Fair value changes and investment gains/losses from disposal of financial assets, derivative financial assets, etc | -6,499,809.36 | | Other non-operating income and expenses | 580.00 | | Income tax impact | 1,624,952.34 | | **Total** | **-3,287,277.02** | [Shareholding Information](index=4&type=section&id=2.2%20%E8%82%A1%E4%B8%9C%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5) As of the end of the reporting period, the company had 24,492 shareholders; the top two shareholders, Beijing China Post Asset Management Co., Ltd. and Postal Science Research and Planning Institute, both state-owned legal entities, collectively held nearly 40% and are related parties - As of the end of the reporting period, the total number of shareholders was **24,492**[11](index=11&type=chunk) Top Ten Shareholders' Shareholding Information | Shareholder Name | Shares Held at Period End (shares) | Proportion (%) | Shareholder Nature | | :--- | :--- | :--- | :--- | | Beijing China Post Asset Management Co., Ltd. | 53,128,388 | 32.98 | State-owned Legal Entity | | Postal Science Research and Planning Institute | 10,229,332 | 6.35 | State-owned Legal Entity | | Jiangxi Ganyue Expressway Co., Ltd. | 6,864,000 | 4.26 | State-owned Legal Entity | | Wei Ran | 1,280,000 | 0.79 | Other | | Sun Mei | 1,221,000 | 0.76 | Other | | Chen Jiafu | 1,195,100 | 0.74 | Other | | Ye Xiaoyan | 765,200 | 0.48 | Other | | Tian Cheng | 723,300 | 0.45 | Other | | Sun Xitang | 668,300 | 0.41 | Other | | Yao Wei | 438,100 | 0.27 | Other | - Beijing China Post Asset Management Co., Ltd. and Postal Science Research and Planning Institute are both subsidiaries of China Post Group Co., Ltd., have **related party relationships**, and are considered parties acting in concert[12](index=12&type=chunk) [Significant Events](index=5&type=section&id=%E4%B8%89%E3%80%81%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) This section outlines significant changes in key financial statement items and indicators, along with other important corporate matters [Significant Changes and Reasons for 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) During the reporting period, several financial indicators underwent significant changes: cash and cash equivalents decreased due to loan repayments, while prepayments and advances from customers increased due to extended settlement cycles; operating revenue and costs sharply declined from reduced product sales, and net profit turned to loss due to operating losses and fair value declines of financial assets; cash received from sales and paid for purchases both significantly decreased, yet net cash flow from operating activities improved despite remaining negative [Balance Sheet Item Variation Analysis](index=5&type=section&id=3.1.1%20%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8%E9%A1%B9%E7%9B%AE%E5%8F%98%E5%8A%A8%E5%88%86%E6%9E%90) Cash and cash equivalents decreased by 35.42% year-over-year primarily due to bank loan repayments; prepayments increased by 76.21% mainly due to goods paid for but not yet invoiced; advances from customers increased by 84.14% due to uncompleted project settlements not yet recognized as revenue; and employee compensation payable decreased by 87.36% mainly due to salary payments Major Balance Sheet Item Changes | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | Change Rate (%) | Explanation | | :--- | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 53,090,669.12 | 82,208,713.55 | -35.42 | Primarily due to bank loan repayments during the reporting period | | Prepayments | 7,750,526.23 | 4,398,378.41 | 76.21 | Primarily due to prepayments for goods under contract not yet invoiced during the reporting period | | Advances from Customers | 2,175,154.89 | 1,181,245.25 | 84.14 | Primarily due to uncompleted project settlements not yet recognized as revenue during the reporting period | | Employee Compensation Payable | 595,669.75 | 4,711,504.25 | -87.36 | Primarily due to salary payments during the reporting period | [Income Statement and Cash Flow Statement Item Variation Analysis](index=6&type=section&id=3.1.2%20%E5%88%A9%E6%B6%A6%E8%A1%A8%E5%92%8C%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8%E9%A1%B9%E7%9B%AE%E5%8F%98%E5%8A%A8%E5%88%86%E6%9E%90) Operating revenue and costs decreased by 84.70% and 84.40% year-over-year, respectively, mainly due to reduced product sales; R&D expenses increased by 322.72%, indicating increased investment; fair value change income decreased by 155.13% due to falling Changsha Bank stock prices; net profit turned to loss, decreasing by 444.27%; both operating cash inflows and outflows significantly reduced, yet net cash flow from operating activities saw a narrowed loss Major Income Statement and Cash Flow Statement Item Changes | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | Change Rate (%) | Explanation | | :--- | :--- | :--- | :--- | :--- | | **Income Statement:** | | | | | | Operating Revenue | 20,607,011.88 | 134,689,786.44 | -84.70 | Primarily due to decreased product sales revenue during the reporting period | | Operating Cost | 20,114,918.96 | 128,924,544.32 | -84.40 | Primarily due to corresponding cost reduction caused by decreased revenue during the reporting period | | Taxes and Surcharges | 565,898.97 | 362,285.35 | 56.20 | Primarily due to increased urban construction tax and education surcharge during the reporting period | | Selling Expenses | 2,013,782.50 | 2,907,980.78 | -30.75 | Primarily due to reduced travel expenses impacted by the epidemic during the reporting period | | R&D Expenses | 2,178,670.21 | 515,398.26 | 322.72 | Primarily due to the company's increased R&D investment during the reporting period | | Fair Value Change Income | -6,499,809.36 | 11,789,967.72 | -155.13 | Primarily due to the decline in Changsha Bank's stock price during the reporting period | | Net Profit | -14,211,149.00 | 4,127,915.74 | -444.27 | Primarily due to operating losses and the decline in Changsha Bank's stock price during the reporting period | | **Cash Flow Statement:** | | | | | | Cash Received from Sales of Goods and Services | 18,434,137.03 | 185,538,664.10 | -90.06 | Primarily due to decreased payments received for goods during the reporting period | | Cash Paid for Goods and Services | 6,643,329.28 | 66,257,634.14 | -89.97 | Primarily due to decreased payments made for goods during the reporting period | | Taxes Paid | 2,042,169.20 | 4,466,804.74 | -54.28 | Primarily due to decreased VAT paid during the reporting period | | Other Cash Payments Related to Operating Activities | 3,693,349.83 | 143,346,889.15 | -97.42 | Primarily due to the purchase of bank time deposits in the previous reporting period | | Cash Paid for Acquisition of Fixed Assets, Intangible Assets, and Other Long-term Assets | 12,168.14 | 117,448.73 | -89.64 | Primarily due to decreased acquisition of fixed assets during the reporting period | [Other Significant Matters](index=7&type=section&id=3.2%20%E5%85%B6%E4%BB%96%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) During the reporting period, the company had no significant event progress, impact analysis, or solutions, no overdue unfulfilled commitments, and issued no warnings regarding potential cumulative net loss or significant changes in net profit from the beginning of the year to the end of the next reporting period - There was **no analysis or explanation** of the progress, impact, or solutions for significant matters during the reporting period[17](index=17&type=chunk) - There were **no overdue unfulfilled commitments** during the reporting period[17](index=17&type=chunk) - The company did not issue any warnings or explanations regarding a potential cumulative net loss or significant change in net profit from the beginning of the year to the end of the next reporting period compared to the same period last year[17](index=17&type=chunk) [Appendix](index=7&type=section&id=%E5%9B%9B%E3%80%81%E9%99%84%E5%BD%95) This section contains the financial statements, details on the implementation of new accounting standards, and the status of the audit report [Financial Statements](index=7&type=section&id=4.1%20%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section presents the company's consolidated and parent company balance sheets, income statements, and cash flow statements for Q1 2020, detailing the financial position, operating results, and cash flows at the end of the reporting period [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, 2020, the company's consolidated total assets were 369,013,407.70 CNY, a 10.15% decrease from year-end 2019; total current assets were 297,614,082.64 CNY, total non-current assets were 71,399,325.06 CNY; total liabilities were 215,802,014.30 CNY, and total owner's equity was 153,211,393.40 CNY Consolidated Balance Sheet Overview (As of March 31, 2020) | Item | March 31, 2020 (CNY) | December 31, 2019 (CNY) | | :--- | :--- | :--- | | **Assets:** | | | | Total Current Assets | 297,614,082.64 | 338,577,638.04 | | Total Non-current Assets | 71,399,325.06 | 72,115,061.18 | | **Total Assets** | **369,013,407.70** | **410,692,699.22** | | **Liabilities:** | | | | Total Current Liabilities | 193,327,086.18 | 219,170,276.36 | | Total Non-current Liabilities | 22,474,928.12 | 24,099,880.46 | | **Total Liabilities** | **215,802,014.30** | **243,270,156.82** | | **Shareholders' Equity:** | | | | Total Equity Attributable to Parent Company Shareholders | 153,181,687.16 | 167,392,836.16 | | Non-controlling Interests | 29,706.24 | 29,706.24 | | **Total Shareholders' Equity** | **153,211,393.40** | **167,422,542.40** | | **Total Liabilities and Shareholders' Equity** | **369,013,407.70** | **410,692,699.22** | [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, 2020, the parent company's total assets were 380,773,326.27 CNY, a 9.86% decrease from year-end 2019; total current assets were 297,492,233.20 CNY, total non-current assets were 83,281,093.07 CNY; total liabilities were 219,567,744.50 CNY, and total owner's equity was 161,205,581.77 CNY Parent Company Balance Sheet Overview (As of March 31, 2020) | Item | March 31, 2020 (CNY) | December 31, 2019 (CNY) | | :--- | :--- | :--- | | **Assets:** | | | | Total Current Assets | 297,492,233.20 | 338,455,788.60 | | Total Non-current Assets | 83,281,093.07 | 83,996,829.19 | | **Total Assets** | **380,773,326.27** | **422,452,617.79** | | **Liabilities:** | | | | Total Current Liabilities | 197,092,816.38 | 222,936,006.56 | | Total Non-current Liabilities | 22,474,928.12 | 24,099,880.46 | | **Total Liabilities** | **219,567,744.50** | **247,035,887.02** | | **Shareholders' Equity:** | | | | Total Shareholders' Equity | 161,205,581.77 | 175,416,730.77 | | **Total Liabilities and Shareholders' Equity** | **380,773,326.27** | **422,452,617.79** | [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 2020, the company's consolidated total operating revenue was 20,607,011.88 CNY, a significant year-over-year decrease of 84.70%; net profit was -14,211,149.00 CNY, turning from profit to loss, with basic EPS at -0.088 CNY/share Consolidated Income Statement Overview (Q1 2020) | Item | Q1 2020 (CNY) | Q1 2019 (CNY) | | :--- | :--- | :--- | | Total Operating Revenue | 20,607,011.88 | 134,689,786.44 | | Total Operating Costs | 31,530,883.86 | 140,943,546.49 | | Operating Profit | -15,836,681.34 | 7,075,407.67 | | Total Profit | -15,836,101.34 | 7,075,407.67 | | Income Tax Expense | -1,624,952.34 | 2,947,491.93 | | **Net Profit** | **-14,211,149.00** | **4,127,915.74** | | Net Profit Attributable to Parent Company Shareholders | -14,211,149.00 | 4,127,955.46 | | Basic EPS (CNY/share) | -0.088 | 0.026 | | Diluted EPS (CNY/share) | -0.088 | 0.026 | [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 2020, the parent company's operating revenue was 20,607,011.88 CNY, a significant year-over-year decrease; net profit was -14,211,149.00 CNY, turning from profit to loss Parent Company Income Statement Overview (Q1 2020) | Item | Q1 2020 (CNY) | Q1 2019 (CNY) | | :--- | :--- | :--- | | Operating Revenue | 20,607,011.88 | 134,689,786.44 | | Operating Profit | -15,836,681.34 | 7,080,193.73 | | Total Profit | -15,836,101.34 | 7,080,193.73 | | Income Tax Expense | -1,624,952.34 | 2,947,491.93 | | **Net Profit** | **-14,211,149.00** | **4,132,701.80** | [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 2020, the company's net cash flow from operating activities was -488,447.98 CNY, a significant improvement from -44,282,488.85 CNY in the prior year; net cash flow from investing activities was -12,168.14 CNY, and net cash flow from financing activities was -21,575,555.55 CNY, primarily due to debt repayment Consolidated Cash Flow Statement Overview (Q1 2020) | Item | Q1 2020 (CNY) | Q1 2019 (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -488,447.98 | -44,282,488.85 | | Net Cash Flow from Investing Activities | -12,168.14 | -117,448.73 | | Net Cash Flow from Financing Activities | -21,575,555.55 | -1,600,561.63 | | Net Increase in Cash and Cash Equivalents | -22,076,171.67 | -46,000,499.21 | | Cash and Cash Equivalents at Period End | 45,366,684.36 | 26,121,896.09 | [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 2020, the parent company's net cash flow from operating activities was -488,447.98 CNY, net cash flow from investing activities was -12,168.14 CNY, and net cash flow from financing activities was -21,575,555.55 CNY; cash and cash equivalents at period end amounted to 45,340,604.92 CNY Parent Company Cash Flow Statement Overview (Q1 2020) | Item | Q1 2020 (CNY) | Q1 2019 (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -488,447.98 | -44,282,488.85 | | Net Cash Flow from Investing Activities | -12,168.14 | -117,448.73 | | Net Cash Flow from Financing Activities | -21,575,555.55 | -1,600,561.63 | | Net Increase in Cash and Cash Equivalents | -22,076,171.67 | -46,000,499.21 | | Cash and Cash Equivalents at Period End | 45,340,604.92 | 25,893,218.88 | [Implementation of New Accounting Standards](index=21&type=section&id=4.2%20%E6%96%B0%E4%BC%9A%E8%AE%A1%E5%87%86%E5%88%99%E6%89%A7%E8%A1%8C%E6%83%85%E5%86%B5) Starting in 2020, the company first implemented new revenue and lease accounting standards but did not adjust the opening financial statements of the first implementation year or retrospectively adjust prior comparative data - The company **did not adjust** the opening financial statements for the year of initial implementation of the new revenue and lease accounting standards[37](index=37&type=chunk) - The company **did not retrospectively adjust** prior comparative data[37](index=37&type=chunk) [Audit Report](index=21&type=section&id=4.3%20%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A) This quarterly report does not include an audit report - This quarterly report **does not include an audit report**[37](index=37&type=chunk)

Financial Performance - In 2019, the company reported a revenue of ¥294,797,161.45, a decrease of 5.02% compared to ¥310,363,836.99 in 2018[21]. - The net profit attributable to shareholders was -¥64,235,909.56, a significant decline from a profit of ¥1,634,640.81 in 2018, representing a decrease of 4,029.67%[21]. - The net profit after deducting non-recurring gains and losses was -¥68,891,082.32, compared to -¥2,355,035.88 in the previous year[21]. - Basic earnings per share for 2019 was -0.399 CNY, a decrease of 4,088.00% compared to 0.010 CNY in 2018[22]. - The weighted average return on equity decreased by 33.01 percentage points to -32.20% in 2019 from 0.810% in 2018[22]. - The company reported a net profit attributable to the parent company of -64,235,909.56 RMB for 2019, resulting in a total distributable profit of -143,019,319.66 RMB, leading to no profit distribution for the year[82]. - The company reported a net loss of ¥63,897,478.15 for 2019, compared to a net profit of ¥3,435,327.51 in 2018, indicating a significant decline in profitability[178]. - Total operating revenue decreased to ¥294,797,161.45 in 2019 from ¥310,363,836.99 in 2018, reflecting a year-over-year decline of approximately 5.5%[178]. - Operating profit for 2019 was a loss of CNY 62,953,172.46, compared to a profit of CNY 1,784,050.95 in 2018[175]. - The company recorded a total comprehensive loss of ¥63,897,478.15 for the year, contrasting with a comprehensive income of ¥33,261,844.73 in the previous year[179]. Cash Flow and Liquidity - The cash flow from operating activities was positive at ¥4,026,945.99, recovering from a negative cash flow of -¥4,609,013.93 in 2018[21]. - The company reported a net cash flow from operating activities of -44,282,488.85 CNY for the year 2019[24]. - The net cash flow from operating activities for 2019 was ¥4,026,945.99, a significant improvement from a net outflow of ¥4,609,013.93 in 2018[182]. - Total cash inflow from operating activities increased to ¥416,233,556.65 in 2019, up from ¥333,474,018.39 in 2018, representing a growth of approximately 25%[182]. - The total cash outflow for operating activities was ¥412,206,610.66 in 2019, up from ¥338,083,032.32 in 2018, reflecting a 22% increase[182]. Assets and Liabilities - Total assets decreased by 23.32% to ¥410,692,699.22 from ¥535,588,183.00 in 2018[21]. - Total liabilities decreased to CNY 243,270,156.82 from CNY 303,927,264.89 in 2018, reflecting a reduction of about 20%[169]. - The company's cash and cash equivalents were CNY 82,208,713.55, down from CNY 98,732,359.24 in the previous year, indicating a decrease of approximately 16.7%[167]. - Accounts receivable decreased significantly to CNY 115,266,790.43 from CNY 180,506,494.81, a decline of about 36.2%[167]. - The company's total equity decreased to CNY 167,422,542.40 from CNY 231,660,918.11, a decline of about 27.7%[169]. Research and Development - Research and development expenses increased by 206.20% to CNY 8.64 million, driven by the company's transformation and development efforts[45]. - The company has established a comprehensive product development system, integrating product definition, technical breakthroughs, prototype development, iterative development, joint debugging, testing, and operational promotion[33]. - The company reported a significant increase in research and development expenses, rising to ¥8,637,495.84 in 2019, compared to ¥2,820,909.00 in 2018, marking an increase of approximately 206%[178]. Business Strategy and Operations - The company plans not to distribute profits for 2019 due to negative retained earnings of -¥143,019,319.66[5]. - The management highlighted potential risks related to market conditions and customer demand in their future outlook[7]. - The company achieved a 135% increase in new contract amounts for financial software business compared to the previous year[32]. - The platform operation service business adopted a "platform+" model, focusing on new business growth points related to vehicle operations[31]. - The company is actively developing new generation software platforms, including a new stamp collection platform and a geographic resource information platform[32]. Governance and Compliance - The audit report issued by Tianzhi International Accounting Firm confirmed the financial statements without reservations[4]. - The company emphasized its commitment to corporate governance and compliance with laws and regulations, ensuring fair information disclosure to all shareholders[105]. - The company has maintained compliance with information disclosure regulations, ensuring equal access to information for all investors[140]. - The company has not disclosed any non-standard audit opinions or significant accounting policy changes during the reporting period[87]. Shareholder Information - The total number of common stock shareholders at the end of the reporting period is 26,283, an increase from 24,492 at the end of the previous month[110]. - The largest shareholder, Beijing Zhongyou Asset Management Co., Ltd., holds 53,128,388 shares, representing 32.98% of total shares[112]. - The company has not reported any significant changes in shareholding for the current year among directors and senior management[121]. Legal Matters - The company successfully won a lawsuit against Tiande Real Estate Development Co., Ltd. for a cooperation payment of 5,782,000 CNY plus interest and legal fees, with the court ruling that Tiande must pay within seven days of the judgment[96]. - The company has initiated legal proceedings to recover unpaid amounts totaling 2,020,000 CNY from Zhuzhou Xinglian Technology Co., Ltd.[94]. - The company has no outstanding court judgments or significant debts due as of the end of the reporting period[95].

2019 年第三季度报告 公司代码：600476 公司简称：湘邮科技 湖南湘邮科技股份有限公司 2019 年第三季度报告 单位：元 币种：人民币 1 / 27 3 / 27 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 5 | | 四、 | 附录 | 8 | 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 468,198,091.43 535,588,183.00 -12.58 归属于上市公司股东的净 资产 207,817,065.65 231,628,745.72 -10.28 年初至报告期末 （1-9 月） 上年初至上年报告期末 （1-9 月） 比上年同期增减 (%) 经营活动产生的现金流量 净额 -18,228,936.21 15,116,319.68 -220.59 年初至报告期末 （1-9 月） 上年初至上年报告期末 （1-9 月） 比上年同期增减 （%） 营业收入 224,142,530.58 170,386,313.68 31.55 归属于上市公司股东的净 利 ...

证券代码：600476 证券简称：湘邮科技 公告编号：2019-025 湖南湘邮科技股份有限公司 关于参加 2019 年湖南辖区上市公司投资者 网上集体接待日活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 为进一步加强与投资者的互动交流，增强与投资者的联系，湖南 湘邮科技股份有限公司（以下简称"公司"）将参加由中国证券监督 管理委员会湖南监管局、湖南省上市公司协会和深圳市全景网络有限 公司联合举办的"2019年湖南辖区上市公司投资者网上集体接待日" 活动，现将有关事项公告如下： 本次投资者网上接待日活动将通过深圳市全景网络有限公司提 供的互联网平台举行，投资者可以登陆"全景·路演天下"网站 （http://rs.p5w.net ）或关注微信公众号（全景财经）参与本次投 资者网上接待日活动，活动时间为 2019 年 9 月 10 日（星期二）15:00 至 17:00。 公司出席本次活动的人员有：董事会秘书、财务部经理、证券事 务代表。 欢迎广大投资者积极参与。 特此公告！ 湖南湘邮科技股份有限公司董事会 20 ...

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 208,807,390.26, representing a 115.84% increase compared to CNY 96,741,899.44 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was a loss of CNY 7,923,011.17, a decrease of 2,315.21% compared to a profit of CNY 357,663.72 in the previous year[19]. - The net cash flow from operating activities was a negative CNY 6,052,238.09, an improvement from a negative CNY 16,741,128.03 in the same period last year[19]. - Basic earnings per share for the first half of 2019 were CNY -0.0492, a decrease of 2,336.36% compared to CNY 0.0022 in the same period last year[20]. - The weighted average return on net assets was -3.48%, a decrease of 3.66 percentage points compared to 0.18% in the previous year[20]. - The net profit for the first half of 2019 was -¥7.92 million, a significant decrease from a profit of ¥357,425.37 in the previous year, attributed to lower gross margins from product sales[37]. - The total comprehensive income for the first half of 2019 was a loss of CNY 7.92 million, compared to a comprehensive income of CNY 0.36 million in the first half of 2018[102]. Assets and Liabilities - The total assets decreased by 11.43% to CNY 474,396,377.06 from CNY 535,588,183.00 at the end of the previous year[19]. - The net assets attributable to shareholders decreased by 3.42% to CNY 223,705,734.55 from CNY 231,628,745.72 at the end of the previous year[19]. - Total liabilities were RMB 250,659,262.25, reduced from RMB 303,927,264.89, reflecting a decrease of about 17.5%[91]. - The company's equity attributable to shareholders decreased to RMB 223,705,734.55 from RMB 231,628,745.72, a decline of approximately 3.9%[92]. - Cash and cash equivalents were reported at RMB 62,765,085.13, down from RMB 98,732,359.24, representing a decrease of about 36.4%[90]. - Accounts receivable stood at RMB 168,585,540.35, slightly down from RMB 180,506,494.81, indicating a decrease of approximately 6.6%[90]. - The company’s total liabilities decreased from 231,660,911.72 RMB at the end of 2018 to 223,737,115.55 RMB at the end of the first half of 2019[112]. Revenue and Costs - Operating costs increased by 166.55% to ¥200.89 million from ¥75.36 million, primarily due to the rise in revenue[35]. - The company's total operating costs for the first half of 2019 were CNY 200.89 million, up from CNY 75.36 million in the same period of 2018[101]. - The company reported other income of CNY 2.36 million for the first half of 2019, down from CNY 3.28 million in the same period of 2018[101]. - The company incurred financial expenses of CNY 3.61 million in the first half of 2019, slightly up from CNY 3.59 million in the same period of 2018[101]. Government Support and Non-Recurring Items - The company received government subsidies amounting to CNY 2,362,200.00, which were included in the current period's profit[21]. - The total non-recurring gains and losses amounted to CNY 2,014,600.12 for the reporting period[22]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 31,398[73]. - The largest shareholder, Beijing Zhongyou Asset Management Co., Ltd., held 53,128,388 shares, representing 32.98% of total shares[75]. - The second-largest shareholder, Postal Science Research Planning Institute, held 10,229,332 shares, accounting for 6.35%[75]. Operational Developments - The company has signed operational service contracts with multiple logistics companies, enhancing its service offerings[31]. - The company has launched ten internal innovation projects focusing on smart security and intelligent terminal service products[26]. - The company is actively expanding its market presence by developing new projects and enhancing its marketing strategies[31]. Financial Management and Accounting - The company reported a management expense adjustment from CNY 12,897,858.87 to CNY 11,406,670.55, with R&D expenses now at CNY 1,491,188.32[67]. - The company implemented new financial instrument standards starting January 1, 2019, which included reclassifying previously classified available-for-sale financial assets to trading financial assets[69]. - The financial report was approved for release on August 23, 2019[130]. - The company has maintained its ability to continue as a going concern for at least 12 months from the end of the reporting period[133]. Compliance and Governance - The company has continued to appoint Tianzhi International Accounting Firm as the financial audit and internal control audit institution for the year 2019[58]. - There are no significant litigation or arbitration matters reported during the reporting period[58]. - The company has not faced any penalties or corrective actions from regulatory bodies during the reporting period[58]. Research and Development - Research and development expenses for the first half of 2019 were ¥1,093,655.05, compared to ¥1,491,188.32 in the same period of 2018, showing a decrease of approximately 26.7%[97]. - The company has established a comprehensive R&D system but faces risks related to technological innovation and talent retention[49]. Rental Income - The company reported rental income of 18,474.99 RMB from Hunan Junwei Enterprise Management Consulting Co., Ltd. for the lease of assets amounting to 164,959.65 RMB[63]. - The total rental income from various leases amounted to 512,136 RMB from Hunan Jiemian Information Technology Co., Ltd. for assets valued at 1,755,405.04 RMB[64]. - The company is actively managing its fixed assets through various lease agreements to enhance asset utilization[63].