Financial Performance - Operating revenue for the period was CNY 19,898,613.53, down 58.12% year-on-year[18] - Net profit attributable to shareholders of the listed company was CNY -84,948,102.77, compared to CNY -13,571,134.56 in the same period last year[18] - Basic and diluted earnings per share were both CNY -0.2152, compared to CNY -0.0344 in the same period last year[21] - The company reported a significant decrease in both total assets and net profit, indicating challenges in the current market environment[18] - The net profit attributable to the parent company was -40,064,857.03 CNY, a significant loss compared to -3,444,198.50 CNY in the same period last year[61] - The total operating profit was -40,409,908.62 CNY, compared to -2,519,596.08 CNY in the previous year, indicating a decline in operational performance[61] - The total comprehensive income for the period was -40,498,714.21 CNY, reflecting a decrease from -3,807,936.64 CNY year-over-year[61] - The basic earnings per share were -0.1015 CNY, down from -0.0087 CNY in the same quarter last year[63] Assets and Liabilities - Total assets at the end of the reporting period were CNY 75,823,577.93, a decrease of 29.31% compared to the end of the previous year[18] - Net assets attributable to shareholders of the listed company were CNY -44,753,911.6, a decrease of 210.59% compared to the end of the previous year[18] - Total liabilities as of September 30, 2019, amounted to 214,622,969.90 RMB, up from 137,933,521.91 RMB at the end of 2018, representing a 55.5% increase[51] - The company reported a negative retained earnings of -936,237,063.45 RMB as of Q3 2019, compared to -855,661,221.78 RMB in the same period of 2018[51] - The total assets as of September 30, 2019, were 167,549,488.43 RMB, down from 171,435,882.11 RMB at the end of 2018[53] - Estimated liabilities surged by 245.24% to ¥32,205,035.68 from ¥9,328,199.47, reflecting provisions for investor litigation based on judgment circumstances[28] Cash Flow - Net cash flow from operating activities was CNY -12,087,103.13, an improvement from CNY -28,058,391.21 in the same period last year[18] - The net cash flow from operating activities for the first three quarters of 2019 was -12,087,103.13 RMB, an improvement from -28,058,391.21 RMB in the same period of 2018, indicating a 57.0% reduction in cash outflow[70] - Total cash inflow from operating activities decreased to 72,968,235.35 RMB in 2019 from 98,948,858.92 RMB in 2018, representing a decline of 26.2%[70] - The cash outflow from operating activities totaled 85,055,338.48 RMB, down from 127,007,250.13 RMB in 2018, marking a 33.2% decrease[70] - The cash flow from investment activities showed a net outflow of -3,344,674.94 RMB, improving from -24,340,963.28 RMB in the previous year[70] Shareholder Information - The total number of shareholders at the end of the reporting period was 29,292[22] - The top ten shareholders held a total of 46,040,052 shares, accounting for 11.66% of the total shares[23] Management and Strategy - The company plans to focus on core business areas after divesting from loss-making operations, aiming to enhance profitability and asset quality[32] - The company received regulatory approval for the merger with Tianxiaxiu, which is expected to improve operational efficiency and shareholder value[32] - The company is focusing on improving operational efficiency and exploring new market opportunities to enhance future performance[61] Expenses - Management expenses increased by 290.11% to ¥64,326,372.92 from ¥16,489,308.98 due to rising costs related to significant asset restructuring[31] - The total operating expenses, including management and financial costs, increased significantly, with management expenses reaching 38,342,729.73 CNY compared to 2,440,330.61 CNY in the previous year[64] - The company experienced a substantial increase in research and development expenses, although specific figures were not provided in the report[64] - The company reported a significant increase in financial expenses, totaling 128,739.39 CNY, compared to only 637.02 CNY in the same period last year[64] Other Financial Metrics - Non-operating income and expenses totaled CNY -88,805.59 for the period, with significant losses attributed to litigation provisions[21] - Cash and cash equivalents decreased by 28.72% to ¥38,295,374.11 from ¥53,727,152.18 due to significant asset restructuring payments[28] - Accounts receivable decreased by 52.97% to ¥13,266,461.06 from ¥28,207,439.30 as a result of recovering payments from smart city integration projects[28] - Operating costs decreased by 65.51% to ¥15,144,971.14 from ¥43,907,828.65, reflecting the same lack of smart city equipment integration procurement business[31] - The asset impairment loss was recorded at -141,573.58 CNY, a notable increase from -177,218.90 CNY in the previous year[61]

Financial Performance - The company's operating revenue for the first half of 2019 was ¥13,200,443.12, a decrease of 61.71% compared to ¥34,475,047.63 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was -¥44,883,245.74, compared to -¥10,126,936.06 in the previous year[22]. - Basic earnings per share were -¥0.1137, compared to -¥0.0257 in the same period last year[25]. - The weighted average return on net assets was -248.98%, a decrease of 235.02 percentage points from -13.96% in the previous year[25]. - The total operating loss for the reporting period amounted to CNY 45.44 million, primarily due to a provision for investor litigation of CNY 24.69 million and approximately CNY 10 million in restructuring-related fees[35]. - The company reported a net profit loss due to significant expenses related to investor litigation and major asset restructuring, indicating a weak profitability outlook until the restructuring is completed[53]. - The company reported a net loss attributable to shareholders of the parent company of -44,883,245.74 RMB for the first half of 2019, compared to -10,126,936.06 RMB in the previous year[120]. - The total comprehensive income for the first half of 2019 was -45,432,100.07 RMB, compared to -10,378,535.03 RMB in the previous year, indicating a worsening financial position[122]. Cash Flow and Assets - The net cash flow from operating activities was -¥9,830,266.44, an improvement of ¥6,563,397.51 compared to -¥16,393,663.95 in the same period last year[22]. - Cash flow from operating activities showed a net outflow of CNY 163.94 million, a decrease of 42.42% year-on-year[36]. - The company’s cash and cash equivalents at the end of the reporting period were CNY 43.89 million, representing 54.66% of total assets[42]. - Cash and cash equivalents decreased from RMB 53,727,152.18 to RMB 43,886,046.42, a decline of approximately 18.3%[103]. - The total cash inflow from financing activities was not specified, but the cash outflow included debt repayments and other financing-related payments[138]. - The net increase in cash and cash equivalents was -9,841,105.76 CNY, compared to -16,044,469.23 CNY in the previous period[134]. Liabilities and Equity - The total liabilities increased to CNY 175,489,609.59, up from CNY 137,933,521.91, reflecting a growth of 27.2%[116]. - The total equity attributable to shareholders was reported at CNY -8,497,614.35, compared to CNY 33,502,360.20 in the previous year, indicating a significant decline[116]. - The company reported a significant increase in expected liabilities, totaling CNY 339.09 million, reflecting a 263.51% increase due to investor litigation provisions[44]. - The total owner's equity at the end of the period is 39,156,532.95 RMB, down from the previous year's total[142]. Business Operations - The company did not conduct any smart city equipment integration procurement business during the reporting period, leading to a significant drop in revenue[26]. - The company has suspended its smart city business while maintaining operations in property management and lottery services[31]. - The company is currently undergoing a major asset restructuring, maintaining only property management and lottery businesses during the reporting period[49]. - The company has not distributed profits or increased capital reserves during the reporting period[55]. Legal and Regulatory Matters - The company is involved in multiple lawsuits, with a total claim amount of approximately RMB 554.69 million from various parties, including RMB 100 million in loans and RMB 60 million in deposit refunds[66]. - As of June 30, 2019, the company has received claims from 296 investors totaling RMB 55.67 million due to alleged false statements, with 44 cases withdrawn and 137 cases settled[68]. - The company has recognized a provision for expected liabilities amounting to RMB 34.02 million related to investor lawsuits as of June 30, 2019[68]. - The Jiangxi High Court ruled that the company does not bear guarantee responsibilities in a trust financing dispute, which involved a principal amount of RMB 300 million and additional fees[67]. Shareholder Information - The total number of common stock shareholders at the end of the reporting period is 30,062[90]. - The largest shareholder, Beijing Tianxia Xiu Technology Co., Ltd., holds 46,040,052 shares, accounting for 11.66% of total shares[90]. - The second-largest shareholder, Sun Wei, holds 15,000,059 shares, representing 3.80% of total shares[90]. - The company has not experienced any changes in its share capital structure during the reporting period[88]. Accounting and Financial Reporting - The financial statements were approved by the board of directors on August 29, 2019[172]. - The financial statements are prepared based on actual transactions and in accordance with the accounting standards issued by the Ministry of Finance[176]. - The company has evaluated its ability to continue as a going concern for the next 12 months and found no significant doubts[177]. - The accounting policies and estimates comply with the requirements of the accounting standards, reflecting the company's financial position and operating results accurately[178].

2019 年第一季度报告 公司代码：600556 公司简称：ST 慧球 广西慧金科技股份有限公司 2019 年第一季度报告 1 / 18 2019 年第一季度报告 í 二、 11Í 四、 目录 | --- | |----------------| | | | 重要提示 . | | 公司基本情况 . | | 重要事项 . | | 附录 . | 2 / 18 2019 年第一季度报告 单位：元 币种：人民币 3 / 18 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人张琲、主管会计工作负责人李洁及会计机构负责人（会计主管人员）徐波保证季 度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | --- | |-------------------------------------------------|--- ...

Financial Performance - In 2018, the company's operating revenue was CNY 66,862,565.20, representing a 1.58% increase compared to CNY 65,825,072.43 in 2017[23] - The net profit attributable to shareholders of the listed company was a loss of CNY 37,147,527.46, a decrease of 1,272.21% compared to a profit of CNY 3,169,006.41 in 2017[23] - The net cash flow from operating activities was a negative CNY 31,286,246.36, a decline of 168.70% from CNY 45,538,549.98 in 2017[23] - The company reported a net profit loss of CNY 25,815,859.23 after deducting non-recurring gains and losses, compared to a loss of CNY 4,291,420.51 in 2017[23] - The company's basic earnings per share (EPS) for 2018 was -0.09 yuan, a decrease of 1,000.00% compared to 2017[27] - The net profit attributable to shareholders decreased by 40.32 million yuan compared to the previous year, primarily due to lower profit sources and increased management expenses[27] - Operating revenue for 2018 was approximately 27.23 million yuan, with a slight increase in smart city business revenue by 12.96 million yuan, while property management revenue decreased by 11.22 million yuan[27] - The weighted average return on equity was -62.91%, a decrease of 62.95 percentage points from the previous year[27] - The company achieved operating revenue of 66.86 million yuan, an increase of 1.58% year-on-year, with a net profit attributable to shareholders of -37.15 million yuan, a decrease of 4.03 million yuan compared to the previous year[40] - The smart city business generated revenue of 37.25 million yuan, while the property management business reported revenue of 29.55 million yuan, reflecting a decrease of 27.52% year-on-year in property management revenue[48] - Operating costs increased by 24.03% to 50.48 million yuan, primarily due to the low gross margin of the smart city business, which is mainly focused on integrated procurement of intelligent transportation equipment[41] - The company reported a net cash outflow from operating activities of 31.29 million yuan, attributed to unpaid amounts from the smart city project and increased management fees[55] - The cash and cash equivalents decreased by 37.23% to 53.73 million yuan, largely due to expenditures on intermediary and legal fees[60] - The company’s gross margin for the smart city business was 2.61%, a decrease of 24.05 percentage points year-on-year, while the property management business had a gross margin of 10.89%, down by 10.37 percentage points[48] - The company’s management expenses increased by 70.97% to 16.80 million yuan, mainly due to higher intermediary service fees and legal costs[41] - The company’s accounts receivable increased by 174.21% to 28.21 million yuan, indicating a significant rise in outstanding payments from clients[60] Asset and Liability Management - As of the end of 2018, the net assets attributable to shareholders of the listed company were CNY 40,468,477.16, a decrease of 47.87% from CNY 77,626,273.27 at the end of 2017[26] - Total assets at the end of 2018 were CNY 107,259,914.02, down 14.72% from CNY 125,768,677.48 at the end of 2017[26] - The company’s net assets and total assets decreased by 37.16 million yuan and 18.51 million yuan, respectively, compared to the end of the previous year[27] - The total amount of guarantees provided by the company, excluding those to subsidiaries, is 107,151,000 RMB[116] - The total amount of guarantees, including those to subsidiaries, is also 107,151,000 RMB[116] - The total amount of guarantees accounts for 2,647.76% of the company's net assets[116] - The amount of guarantees provided to shareholders, actual controllers, and their related parties is 107,251,000 RMB[116] - The amount of debt guarantees provided to entities with a debt-to-asset ratio exceeding 70% is 105,127,580 RMB[116] - The total of the three guarantee amounts (C+D+E) is 212,378,580 RMB[116] - The company reported a significant increase in other payables, rising from 34,261,136.93 to 35,396,920.70, an increase of about 3.3%[185] - The total non-current assets increased from 155,226,908.56 to 166,621,793.44, an increase of approximately 7.5%[191] - The company's total equity decreased from 78,079,866.59 to 39,156,532.95, a drop of approximately 49.8%[188] - The retained earnings showed a negative balance, worsening from -811,537,308.71 to -848,684,836.17[188] Corporate Governance and Management - The company plans not to distribute profits or increase capital reserves through stock conversion for the 2018 fiscal year, pending approval at the annual shareholders' meeting[6] - The company has proposed a merger with Beijing Tianxiaxiu Technology Co., Ltd., which is subject to shareholder and regulatory approval, introducing uncertainty regarding the transaction's completion[7] - There were no significant operational risks that materially affected the company's business during the reporting period[8] - The company has not engaged in non-operating fund occupation by controlling shareholders or related parties during the reporting period[8] - The company is actively exploring new business opportunities to enhance profitability and sustainability, particularly in the smart city sector[39] - The company is undergoing a significant share transfer, with 11.66% of shares being transferred to Tianxiexiu, leading to a change in controlling shareholder[79] - The company aims to become a technology-driven new media marketing service company through the acquisition of Tianxiexiu[79] - The actual controller and shareholders committed to not reducing their holdings in the company for 12 months, ensuring no interference in operational decisions[85] - The company has engaged Da Hua Accounting Firm for auditing services, with a fee of 800,000 RMB for a three-year term[98] - The company has no plans for mergers or acquisitions in the near term, focusing instead on internal strategies[87] - The company has maintained a stable management team, with no changes in key personnel reported during the period[147] - The independent directors have diverse backgrounds, contributing to a well-rounded governance structure[147] - The board of directors held 8 meetings during the year, with 1 in-person meeting and 7 conducted via communication methods[171] - The internal control self-evaluation report has been disclosed, indicating no major deficiencies during the reporting period[174] - The internal control audit report was issued by Da Hua Accounting Firm, confirming compliance[174] - There were no objections raised by independent directors regarding company matters during the reporting period[171] Legal and Regulatory Matters - The company is involved in a significant lawsuit where the plaintiff demands repayment of a loan and penalty totaling RMB 1.8 billion, with the company and another defendant being liable as guarantors[103] - As of December 31, 2018, the company has received 88 claims from investors regarding losses due to false statements, with a total claim amount of RMB 18,198,520.81[103] - The company has recognized a provision of RMB 9.3282 million for investor litigation cases based on legal advice received during the reporting period[104] - The company has a legal opinion from external law firms regarding the progress of litigation, which assesses potential outcomes and risks[177] - The company has implemented internal controls related to litigation and has discussed potential outcomes with legal personnel[177] - The audit report confirms that the financial statements fairly present the company's financial position as of December 31, 2018[177] - The reporting period does not indicate any stock incentive plans applicable to the current or departing directors and senior management[151] Employee and Compensation - The total number of employees in the parent company and major subsidiaries is 181, with 5 in the parent company and 176 in subsidiaries[164] - The total hours of outsourced labor amounted to 76,000 hours, with total payments of 3.2017 million yuan[167] - The company has implemented a wide salary range policy based on organizational performance and individual contributions[165] - Total pre-tax remuneration for the chairman Zhang Bai was 400,000 RMB, while other directors received similar amounts, indicating a consistent compensation structure[144] - The total remuneration for all directors, supervisors, and senior management during the reporting period amounted to CNY 187,000[157] - The compensation for directors and supervisors is determined by the shareholders' meeting, while senior management compensation is decided by the board of directors[157] - The actual payment of remuneration for directors, supervisors, and senior management is only accrued and not yet disbursed, except for the employee supervisor who receives a monthly salary[157] Market and Industry Outlook - The property management industry is expected to grow rapidly, with market size projected to exceed 800 billion by 2021[76] - The industry is expected to see increased concentration as companies with financial strength and project reserves gain more opportunities in smart city construction[68] - The property management business is expected to grow rapidly, with the market size projected to exceed 800 billion yuan by 2021[35] - The company has not reported any significant changes in shareholder structure, maintaining stability among major stakeholders[144]

2018 年第三季度报告 公司代码：600556 公司简称：ST 慧球 广西慧金科技股份有限公司 2018 年第三季度报告 1 / 19 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 8 | 2018 年第三季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人张琲、主管会计工作负责人李洁及会计机构负责人（会计主管人员）徐波保证季 度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 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 112,287,529.58 125,768,677.48 -10.72 归属于上市公司 股东的净资产 64,05 ...

Financial Performance - The company's operating revenue for the first half of 2018 was ¥34,475,047.63, representing a 119.08% increase compared to ¥15,736,196.28 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was -¥10,126,936.06, an improvement from -¥11,510,140.10 in the previous year[20]. - The net cash flow from operating activities was -¥16,393,663.95, compared to -¥8,328,619.34 in the same period last year[20]. - The total assets at the end of the reporting period were ¥116,898,269.44, down 7.05% from ¥125,768,677.48 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company decreased by 13.05% to ¥67,499,338.21 from ¥77,626,273.27 at the end of the previous year[20]. - The basic earnings per share for the first half of 2018 was -¥0.0257, an improvement from -¥0.0292 in the same period last year[21]. - The weighted average return on net assets was -13.96%, an improvement from -16.75% in the previous year[21]. - The company reported a decrease in net profit after deducting non-recurring gains and losses to -¥9,931,095.42 from -¥8,290,036.85 in the previous year[20]. - The company reported a net loss of CNY 10,378,535.03 for the first half of 2018, compared to a net loss of CNY 11,510,243.18 in the same period of the previous year, indicating an improvement of approximately 9.8%[86]. - The total comprehensive income for the first half of 2018 was CNY -10,378,535.03, compared to CNY -11,510,243.18 in the previous year, reflecting a year-over-year improvement of about 9.8%[86]. Revenue and Costs - The company's operating revenue increased by 18.74 million yuan compared to the same period last year, primarily due to a 21.09 million yuan increase in revenue from smart city equipment integration procurement[22]. - Total operating costs amounted to CNY 44,421,805.14, up from CNY 24,622,862.11, indicating an increase of about 80.5% year-over-year[85]. - Operating costs increased by 15.87 million yuan, primarily due to an increase in costs related to smart city integrated procurement business by 20.33 million yuan[36]. - The property management business generated operating revenue of 13.39 million yuan, with a net loss of 1.22 million yuan, showing improvement in operational efficiency despite a revenue decrease of 2.38 million yuan[33]. - The smart city business achieved operating revenue of 21.09 million yuan with a gross profit of 758,300 yuan, indicating a low gross margin[33]. Cash Flow and Assets - The net cash flow from operating activities for the first half of 2018 was ¥17,745,406.34, compared to a negative cash flow of ¥8,938,473.34 in the same period last year[94]. - The total cash inflow from operating activities was ¥64,632,429.46, while the cash outflow was ¥46,887,023.12, resulting in a net cash inflow of ¥17,745,406.34[93]. - The company's cash and cash equivalents decreased to ¥69,549,240.50 from ¥85,593,709.73, a decline of approximately 18.7%[78]. - Accounts receivable increased to ¥17,118,375.17 from ¥10,286,939.40, representing a growth of about 66.5%[78]. - Total current assets decreased to ¥101,349,973.67 from ¥110,238,925.63, a decline of about 8.0%[78]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 36,453[68]. - The top shareholder, Shenzhen Rui Lai Jia Yu Investment Enterprise (Limited Partnership), holds 46,040,052 shares, representing 11.66% of total shares[70]. - Zhang Yunfang increased his holdings by 10,868,965 shares, totaling 18,559,400 shares, which is 4.70% of total shares[70]. - Wu Mingxiao holds 14,000,000 shares, accounting for 3.55% of total shares[70]. Legal and Compliance - The company has no major litigation or arbitration matters during the reporting period[54]. - The company has received multiple lawsuits related to false statements, with a total claim amounting to RMB 18.227 million[55]. - The company has committed to strictly following legal regulations and not abusing shareholder rights[53]. - The company has not faced any penalties or required rectifications during the reporting period[56]. Business Strategy and Future Outlook - The company is exploring new business directions through the establishment of fund management subsidiaries, although these initiatives are still in the preparatory stage and have uncertain future impacts[30]. - The smart commercial project is in its initial phase and has not yet contributed incremental revenue, but is expected to be a future growth point for the company[33]. - The company plans to continue implementing cost reduction and efficiency enhancement measures in its property management business to solidify its operational foundation[33]. - The company is exploring new business directions to enhance profitability and sustainability, but new businesses are still in the exploratory phase and have not yet generated profits[48]. Accounting Policies and Financial Reporting - The company adheres to the enterprise accounting standards, ensuring the financial statements reflect a true and complete picture of its financial status[113]. - The company measures the assets paid as consideration for business combinations at fair value, with the difference between fair value and book value recognized in current profit and loss[119]. - The company recognizes rental income on a straight-line basis over the lease term for operating leases[193]. - The company has not made any changes to significant accounting policies or estimates during the reporting period[194]. Risk Management - There were no significant risks that materially affected the company's production and operation during the reporting period[7]. - The company has not identified any significant doubts regarding its ability to continue as a going concern for the next 12 months[112].

公司代码：600556 公司简称：ST 慧球 广西慧金科技股份有限公司 2018 年第一季度报告 2018 年第一季度报告 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 | 122,316,213.27 | 125,768,677.48 | -2.75 | | 归属于上市公司 | 74,605,074.15 | 77,626,273.27 | -3.89 | | 股东的净资产 | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) | | 经营活动产生的 | -31,659,917.49 | 1,283,229.66 | -2,567.21 | | 现金流量净额 | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减（%） | | 营业收入 | 27,229,533.65 | 8,728,535.56 | 211.96 | | 归属于上市公司 | -3,021,199 ...

Financial Performance - The company's operating revenue for 2017 was CNY 65,825,072.43, representing a 40.41% increase compared to CNY 46,882,092.53 in 2016[21] - The net profit attributable to shareholders was CNY 3,169,006.41, a significant turnaround from a loss of CNY 26,358,870.64 in the previous year[21] - The net cash flow from operating activities increased by 475.95% to CNY 45,538,549.98, up from CNY 7,906,690.40 in 2016[21] - The basic earnings per share improved to CNY 0.01 from a loss of CNY 0.07 in 2016[23] - The company reported a non-recurring profit of 7.46 million RMB for the year, compared to a loss of 1.01 million RMB in the previous year[29] - The company reported a net profit of CNY 3,273,092.88, a significant recovery from a net loss of CNY -26,503,950.16 in the previous year[176] - The total profit for the year was CNY 4,025,921.74, compared to a loss of CNY -25,071,716.33 in the previous year[174] - The company reported a cash flow net increase of CNY 54,950,136.55, contrasting with a decrease of CNY 2,923,773.11 in the prior period[183] Asset and Liability Management - Total assets decreased by 56.36% to CNY 125,768,677.48 from CNY 288,189,640.84 at the end of 2016[22] - The company's total liabilities decreased from CNY 213,382,867.13 to CNY 47,688,810.89, a decline of about 77.7%[168] - The total equity attributable to shareholders increased from CNY 74,457,266.86 to CNY 77,626,273.27, an increase of about 3%[169] - The company's total equity was CNY 61,360,330.91, down from CNY 76,835,102.93 in the previous year[173] - The total owner's equity at the end of the current period is CNY 74,806,770 million[194] Business Segments - The smart city business generated revenue of RMB 25.06 million, with a cost of RMB 18.38 million, resulting in a gross margin of 26.66%, an increase of 178.52 percentage points year-on-year[47] - The property management business generated revenue of RMB 40.76 million, with a cost of RMB 32.10 million, resulting in a gross margin of 21.26%, a decrease of 10.83% year-on-year[47] - The company is actively promoting its smart city business, focusing on smart factory upgrades and centralized procurement of smart city equipment[33] - The smart city business primarily targets government entities, with project scales reaching hundreds of millions RMB[31] Cash Flow and Investment - The company’s investment activities generated a net cash flow of RMB 9.41 million, a turnaround from a negative cash flow of RMB 12.15 million in the previous year[43] - Cash and cash equivalents increased significantly from CNY 30,643,573.18 to CNY 85,593,709.73, representing an increase of about 179%[167] - The company received a court ruling requiring Guizhou Zhongke Construction Co., Ltd. to return a total of RMB 69,791,666.67, including overdue payment penalties and usage fees[90] Governance and Compliance - The company has undergone a comprehensive review and rectification of previous violations as mandated by regulatory authorities, leading to the resumption of its stock trading[91] - The company faced multiple administrative penalties from the China Securities Regulatory Commission and the Shanghai Stock Exchange for prior violations[91] - The company completed a governance restructuring in January 2017, electing a new board of directors to address previous issues related to information disclosure and corporate governance[141] - The company received multiple administrative penalties from the China Securities Regulatory Commission (CSRC) in 2017, including four administrative penalty decisions on May 18, 2017, related to previous violations[135] Shareholder Information - The company has a total of 44,245 ordinary shareholders at the end of the reporting period, an increase from 42,005 in the previous month[111] - The top ten shareholders hold a total of 46,040,052 shares, representing 11.66% of the total shares[112] - The largest shareholder, Shenzhen Rui Lai Jia Yu Investment Enterprise (Limited Partnership), holds 46,040,052 shares, representing a significant portion of the company's equity[113] Employee and Management Structure - The total number of employees in the parent company and major subsidiaries is 304, with 272 production personnel, 11 technical personnel, and 7 financial personnel[137] - The company has a total of 64 employees with a bachelor's degree or above, representing approximately 21% of the total workforce[137] - The management team includes experienced professionals from various sectors, enhancing strategic decision-making capabilities[127] - The company has expanded its board with independent directors to strengthen governance and oversight[126] Legal Matters - The company is involved in significant litigation, including a claim for 1 billion yuan in loan repayment and 1.4 billion yuan in damages related to a shareholder dispute[84] - The company has been involved in multiple legal disputes, including a case regarding damage to reputation, which has been resolved with the withdrawal of the lawsuit[87] - As of December 31, 2017, the amount involved in pending litigation was approximately RMB 1.983 billion, indicating significant management judgment regarding potential financial impacts[155]

| 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 8 | 2017 年第三季度报告 1 / 20 | 目录 | | --- | 2017 年第三季度报告 公司代码：600556 公司简称：ST 慧球 一、 重要提示 广西慧金科技股份有限公司 2017 年第三季度报告 2.1 主要财务数据 3 / 20 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 127,771,203.61 288,189,640.84 -55.66 归属于上市公司 股东的净资产 64,756,979.72 74,457,266.86 -13.03 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 8,786,596.47 -30,600,342.23 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 35,604,022.50 31,958,315. ...

Financial Performance - The company's operating revenue for 2016 was ¥46,882,092.53, a decrease of 49.54% compared to ¥92,909,443.18 in 2015[21] - The net profit attributable to shareholders for 2016 was -¥26,358,870.64, representing a decline of 613.63% from ¥5,131,893.00 in 2015[21] - Basic earnings per share for 2016 were -¥0.07, a decrease of 638.46% from ¥0.013 in 2015[22] - The weighted average return on equity was -40.32% in 2016, down 153.16 percentage points from 112.84% in 2015[22] - The company reported a revenue of CNY 46.88 million in 2016, a decrease of 49.54% compared to the previous year[63] - The net profit attributable to shareholders was a loss of CNY 26.36 million, a decline of 613.63% year-on-year[63] Cash Flow and Assets - The net cash flow from operating activities increased by 108.55% to ¥7,906,690.40, compared to -¥92,438,722.02 in 2015[23] - The total assets increased by 131.28% to ¥288,189,640.84 at the end of 2016, up from ¥124,606,172.83 at the end of 2015[21] - The net assets attributable to shareholders rose by 125.95% to ¥74,457,266.86 at the end of 2016, compared to ¥32,953,228.60 at the end of 2015[21] - Cash and cash equivalents decreased by 12.17% to CNY 30,643,573.18, representing 10.63% of total assets[79] - Accounts receivable fell by 36.48% to CNY 14,577,956.79, primarily due to reduced revenue from the smart city business[79] - Other receivables surged by 1,647.92% to CNY 228,493,532.04, making up 79.29% of total assets[79] Business Segments and Revenue Sources - The property management segment generated revenue of CNY 45,715,100 in 2016, a decrease of CNY 1,573,300 compared to the previous year, with an operating loss of CNY 2,512,600[38] - The smart city business reported revenue of CNY 1,167,000 in 2016, down by CNY 44,454,000 year-on-year, resulting in an operating loss of CNY 19,051,700[39] - The company’s core business model for smart cities involves a "platform + ecosystem" approach, focusing on investment and core business platforms[33] - The company’s property management services include residential management and commercial property management, with a focus on comprehensive management services[34] Strategic Initiatives and Future Plans - The company plans to enhance its smart city business through strategic cooperation agreements with government investment entities, aiming to secure market projects[39] - The company has committed to improving its operational efficiency and expanding its market presence in both smart city and property management sectors[30] - The company is actively seeking new project resources and partnerships to expand its smart city business, but faces significant uncertainties in future project development[54] - The company plans to actively seek new project opportunities in the smart city business while addressing existing contractual obligations[101] - The company aims to enhance its core competitive technology and capabilities in the smart city sector to protect shareholder and creditor interests, as well as ensure sustainable development[92] Legal and Regulatory Matters - The company is in litigation regarding the return of previously paid project construction funds, with a claim for CNY 6.40 million from a partner[58] - The company has initiated legal action regarding unpaid funds related to the Guizhou project and reached a settlement agreement with the involved party[100] - The company is under ST treatment by the Shanghai Stock Exchange due to issues related to information disclosure and corporate governance[197] - The company has faced multiple regulatory penalties, including a significant incident in early 2017 that led to severe reputational damage and operational chaos[186] Management and Governance - The management team has undergone several changes, with multiple directors and independent directors resigning in 2017, which may impact future governance[167] - The company has a diverse board with members having extensive experience in various sectors, including technology and finance, which may enhance decision-making capabilities[167] - The company has actively engaged in appointing representatives to various investment partnerships, reflecting its commitment to expanding its investment portfolio[172][173] - The company has seen a consistent presence of key personnel in various investment and management roles across different entities since 2008[172][173] - The company has implemented a wide salary policy to align employee compensation with organizational performance and individual contributions[181] Employee and Operational Structure - The company had a total of 477 employees, with 26 in the parent company and 451 in major subsidiaries[180] - The employee composition included 336 production personnel, 25 sales personnel, 35 technical personnel, 18 financial personnel, 28 administrative personnel, and 10 senior management personnel[180] - The company has established a training resource sharing platform to enhance employees' professional skills through various training programs[182] Market and Competitive Landscape - The smart city sector is characterized by significant competition, with companies needing strong technical reserves and financial capabilities to succeed[89] - The company is focusing on integrated service provision in the smart city sector, leveraging existing signed projects as a starting point[91] - The smart city construction market is projected to exceed 500 cities in 2017, indicating a growing opportunity for the company[90] Shareholder and Ownership Structure - The largest shareholder, Shenzhen Rui Lai Jia Yu Investment Enterprise, holds 43,345,642 shares, representing 10.98% of total shares, with 23,242,265 shares pledged or frozen[145] - The company has not reported any changes in the controlling shareholder's status during the reporting period[150] - The actual controller of the company is Zhang Bei, who has held various managerial positions in other companies since 2007[150]