2021 年第一季度报告 公司代码：600602 900901 公司简称：云赛智联 云赛 B 股 云赛智联股份有限公司 2021 年第一季度报告 1 / 24 2021 年第一季度报告 一、 二、 11Í 四、 目录 | --- | |----------------| | | | 重要提示 . | | 公司基本情况 . | | 重要事项 . | | 附录 . | 2 / 24 2021 年第一季度报告 单位：元 币种：人民币 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 公司负责人黄金刚、主管会计工作负责人翁峻青及会计机构负责人（会计主管人员）唐青保 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 | --- | --- | --- | --- | |------------------------------------------------|--- ...

Dividend Distribution - The company plans to distribute a cash dividend of 0.55 RMB per 10 shares, totaling 75,222,040.03 RMB, which accounts for 30.25% of the net profit attributable to shareholders in 2020[4]. - The company reported a retained earnings of 969,380,959.78 RMB after the dividend distribution[4]. - The company did not conduct a capital reserve transfer to increase share capital in 2020[4]. - The company distributed a cash dividend of 0.54 CNY per 10 shares for the year 2019, totaling 73,854,366.57 CNY, which accounted for 30.54% of the net profit attributable to shareholders[84]. - For the year 2020, the proposed cash dividend is 0.55 CNY per 10 shares, amounting to 75,222,040.03 CNY, representing 30.25% of the net profit attributable to shareholders[85]. - The company's total share capital as of the end of 2019 was 1,367,673,455 shares, which serves as the basis for the dividend distribution[84]. - The net profit attributable to shareholders for 2020 was reported at 248,655,432.17 CNY[85]. - The company has not proposed any capital reserve fund conversion into share capital for the year 2020[84]. - The company plans to carry forward an undistributed profit of 969,380,959.78 CNY to future years after the dividend distribution[84]. - The cash dividend distribution plan for 2020 is subject to approval at the annual shareholders' meeting[84]. - The company has consistently adhered to its cash dividend policy, protecting the rights of minority investors[84]. Financial Performance - The company's operating revenue for 2020 was approximately ¥4.59 billion, a decrease of 6.13% compared to 2019[16]. - Net profit attributable to shareholders for 2020 was approximately ¥248.66 million, reflecting a 2.84% increase year-over-year[16]. - The net cash flow from operating activities increased by 53.15% to approximately ¥465.31 million in 2020[16]. - Basic earnings per share for 2020 were ¥0.182, up 2.82% from ¥0.177 in 2019[17]. - The weighted average return on equity for 2020 was 5.915%, a slight decrease of 0.070 percentage points from 2019[17]. - The company achieved operating revenue of 4.589 billion yuan and a net profit attributable to shareholders of 249 million yuan, with a year-on-year growth of 23.15% in net profit after deducting non-recurring gains and losses[34]. - Operating cash flow increased by 53.15% year-on-year, reaching 465 million yuan[34]. - The company reported a significant increase in non-operating income, which rose by 71.39% to ¥19,702,079.75, mainly due to government subsidies[41]. - The company reported a total revenue of RMB 4,589,218,681.63 for the year 2020[192]. Audit and Compliance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants[4]. - The board of directors and senior management confirm the accuracy and completeness of the annual report, assuming legal responsibility for any misstatements or omissions[4]. - The company has not faced any risks of suspension or termination of its listing during the reporting period[98]. - The company has confirmed that there are no major debts or court judgments that have not been fulfilled by the company or its major shareholders during the reporting period[102]. - The company has not reported any significant accounting errors that would require correction during the reporting period[95]. - The company has not experienced any asset or project profitability forecasts that were not met during the reporting period[92]. - The company has not disclosed any significant changes in its internal control audit firm during the reporting period[96]. - The company has not faced any issues related to the occupation of funds or collection progress during the reporting period[92]. - The company confirmed compliance with all relevant laws and regulations regarding related party transactions[91]. - The internal control audit report issued by the accounting firm provided a standard unqualified opinion on the effectiveness of the company's internal controls[192]. - The company has engaged an independent audit firm to evaluate the effectiveness of its internal controls[192]. Operational Highlights - The company increased investment in data center construction, launching the Songjiang Big Data Computing Center, and optimizing existing IDC infrastructure and value-added services[29]. - The company's R&D investment reached 299.1 million, with a 146% increase in the number of applied intellectual property rights compared to the previous year[29]. - The company actively participated in the construction of Shanghai's "City Brain" and the municipal disaster recovery center, enhancing its role in the city's digital transformation[29]. - The company was recognized as one of the "Top 10 Most Influential Enterprises" in the smart city industry and received various awards from industry partners[31]. - The company aims to strengthen its core technology and transition to an integrated service model combining software and hardware[29]. - The company is focused on high-quality development amidst the challenges posed by the pandemic and complex economic conditions[29]. - The company is positioned as a comprehensive solution provider and operator for smart city initiatives, enhancing its capabilities across various sectors[29]. - The company has established a three-level R&D linkage system, achieving significant results in project implementation[29]. - The company has been awarded multiple national administrative licenses, enhancing its operational qualifications[29]. - The company is actively involved in the construction and operation of the "One Network for All" and "One Network for Management" projects in Shanghai, enhancing smart city initiatives[34]. Market Presence and Clientele - The company has over 5,000 cumulative clients, including many Fortune 500 companies, indicating a strong market presence[34]. - The IDC business added 201 new customer contracts in 2020, reflecting growth in cloud services[34]. - The company is committed to expanding its market presence in the Yangtze River Delta integration urban cluster, particularly in big data platform construction[78]. - The company is set to enhance its brand building and product upgrades in response to the State-owned Assets Supervision and Administration Commission's initiatives[78]. Research and Development - The company has established a three-level R&D linkage system to enhance its core capabilities in project planning and platform development[40]. - The company invested ¥299,107,746.47 in R&D, filing 82 intellectual property applications, including 33 invention patents[41]. - The number of R&D personnel was 1,291, representing 52.82% of the company's total workforce[57]. - The company has a total of 8 employees with a doctoral degree and 91 with a master's degree, reflecting a highly educated workforce[170]. Corporate Social Responsibility - The company invested ¥240,000 in healthcare resources in impoverished areas as part of its social responsibility initiatives[132]. - A total of 2,000 individuals received vocational skills training, with an investment of ¥80,000 in training programs[132]. - The company has initiated two agricultural poverty alleviation projects with an investment of ¥20,210[132]. - The company actively engaged in poverty alleviation by purchasing agricultural products from impoverished areas, successfully helping two targeted villages pass preliminary poverty alleviation assessments[135]. - The company donated emergency water quality testing equipment to ensure water safety in affected areas[135]. - The company emphasized corporate social responsibility by promoting employee development and enhancing corporate culture[135]. Governance and Management - The company is led by a diverse team with extensive experience in various sectors, including engineering and finance[156]. - The board includes independent directors with backgrounds in law and finance, enhancing governance and oversight[156]. - The company has maintained a stable management structure with no significant changes in personnel during the reporting period[154]. - The overall governance structure is supported by a mix of experienced professionals and independent directors, ensuring effective decision-making[156]. - The total remuneration for the company's directors, supervisors, and senior management was CNY 4.7475 million for the 2020 fiscal year[165]. - The company employed a total of 2,444 staff, with 75 in the parent company and 2,369 in major subsidiaries[170]. - The company has a total of 8 employees with a doctoral degree and 91 with a master's degree, reflecting a highly educated workforce[170]. Risks and Challenges - The company faces risks related to macroeconomic policy changes that could impact market demand in the smart city sector[81]. - The company recognizes the rapid evolution of technologies like AI and big data, necessitating continuous innovation and R&D investment[81]. - The company is aware of potential goodwill impairment risks due to market fluctuations and the performance of acquired entities[81].

Financial Performance - Operating revenue for the first nine months was CNY 3,073,494,971.20, down 10.72% year-on-year[17] - Net profit attributable to shareholders for the first nine months was CNY 155,644,890.03, a decrease of 15.87% compared to the same period last year[17] - The company reported a net profit of CNY 129,973,034.94 after deducting non-recurring gains and losses, an increase of 3.46% year-on-year[17] - Total operating revenue for Q3 2020 was ¥1,119,120,934.11, a decrease of 12.3% compared to ¥1,276,679,281.90 in Q3 2019[51] - Net profit for Q3 2020 reached ¥72,807,022.99, an increase of 7.4% from ¥67,688,717.59 in Q3 2019[55] - The company reported a total profit of ¥76,385,654.36 for Q3 2020, compared to ¥71,571,420.95 in Q3 2019, reflecting a growth of 6.4%[55] - The company’s total comprehensive income for Q3 2020 was ¥72,706,803.48, compared to ¥67,692,662.32 in Q3 2019, an increase of 7.4%[60] Cash Flow - The net cash flow from operating activities for the first nine months was CNY -89,924,007.62, an improvement from CNY -453,382,504.22 in the previous year[17] - The net cash flow from operating activities for the first three quarters of 2020 was negative CNY 89,924,007.62, an improvement from negative CNY 453,382,504.22 in the same period of 2019[69] - Cash received from operating activities for the first three quarters of 2020 was CNY 3,402,417,055.35, slightly down from CNY 3,470,009,332.80 in the same period of 2019[69] - Cash inflow from operating activities totaled CNY 196,826,367.66, up from CNY 96,928,361.18 in 2019, marking an increase of about 103%[74] - Cash outflow for operating activities was CNY 95,104,954.41, compared to CNY 87,806,425.36 in the previous year, an increase of approximately 8%[74] - The company reported a significant increase in cash received from other operating activities, totaling CNY 188,305,974.94, compared to CNY 88,805,663.07 in 2019, representing a growth of about 112%[74] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,868,022,104.18, a decrease of 4.23% compared to the end of the previous year[17] - The company’s total current assets decreased to ¥5,085,007,175.43 from ¥5,325,730,602.71 in the previous period[36] - Total liabilities decreased from 1,825,356,272.44 to 1,453,364,970.23, a reduction of about 20.38%[42] - Current liabilities decreased from 1,806,583,764.06 to 1,432,220,397.68, a reduction of approximately 20.74%[42] - Cash and cash equivalents decreased from 1,348,348,080.34 to 1,039,056,695.99, a decline of approximately 22.91%[46] - Non-current assets totaled 783,014,928.75, down from 801,268,213.48, representing a decrease of about 2.93%[42] Shareholder Information - The total number of shareholders at the end of the reporting period was 97,611, with the largest shareholder holding 28.03% of the shares[23] - Shareholders' equity increased from 4,301,642,543.75 to 4,414,657,133.95, an increase of approximately 2.62%[42] Investment and Expenses - R&D expenses for Q3 2020 were ¥67,054,722.94, a decrease of 11.1% compared to ¥75,391,982.24 in Q3 2019[51] - Investment income dropped by 65.57% to ¥25,429,357.97, mainly due to a reduction in government subsidies compared to the previous year[28] - Investment income for Q3 2020 was ¥10,370,057.65, down 52.0% from ¥21,615,814.84 in Q3 2019[55] - The company reported a decrease in sales expenses to ¥38,867,495.64 in Q3 2020 from ¥32,305,649.97 in Q3 2019, an increase of 20.0%[51] Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters[17]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 1,954,374,037.09, a decrease of 9.76% compared to CNY 2,165,786,580.42 in the same period last year[25]. - The net profit attributable to shareholders of the listed company was CNY 90,809,179.78, down 25.42% from CNY 121,758,661.49 in the previous year[25]. - The net cash flow from operating activities was negative at CNY -171,466,989.40, compared to CNY -288,492,615.63 in the same period last year[25]. - Basic earnings per share for the first half of 2020 were CNY 0.0664, a decrease of 25.39% compared to CNY 0.0890 in the same period last year[25]. - The weighted average return on net assets was 2.1802%, down 0.8194 percentage points from 2.9996% in the previous year[25]. - The net profit after deducting non-recurring gains and losses increased by 7.22% to CNY 72,585,703.20 from CNY 67,700,916.04 in the same period last year[25]. - The company reported a revenue of 1.95 billion RMB, a decrease of 9.76% year-on-year[41]. - Net profit attributable to shareholders was 90.81 million RMB, with a non-recurring net profit of 72.59 million RMB, showing a year-on-year growth of 7.22%[41]. - The net cash flow from operating activities increased significantly to ¥129,788,284.19, compared to ¥12,361,336.83 in the same period last year, representing a growth of over 950%[147]. Assets and Liabilities - Total assets decreased by 6.82% to CNY 5,709,410,375.20 from CNY 6,126,998,816.19 at the end of the previous year[25]. - The company’s total current assets amounted to approximately CNY 4.93 billion, a decrease of 7.38% from CNY 5.33 billion on December 31, 2019[114]. - The company's cash and cash equivalents were reported at CNY 2.24 billion, down from CNY 2.56 billion, reflecting a decline of 12.55%[114]. - Total liabilities decreased from 1,825,356,272.44 to 1,313,605,678.16, a reduction of about 28.0%[120]. - Current liabilities decreased from 1,806,583,764.06 to 1,292,738,175.66, representing a decrease of approximately 28.5%[117]. - Deferred income tax liabilities increased from 2,072,376.71 to 3,895,693.79, an increase of approximately 88.0%[117]. - The company’s total liabilities and equity at the end of the current period were CNY 4,285,224,297.01[155]. Research and Development - The company invested RMB 145,176,028.71 in technology research and development, accounting for 7.43% of its operating revenue[33]. - Research and development expenses for the first half of 2020 were CNY 145,176,028.71, slightly down from CNY 151,197,036.28 in the previous year[129]. - The company has developed several key platforms, including the WIDS airport security management platform and a smart building security data platform, enhancing its capabilities in integrated video solutions[33]. Market and Industry - The projected market size for China's smart city sector is expected to reach RMB 25 trillion by 2022, with a compound annual growth rate of nearly 18% for the government cloud market over the next three years[31]. - The government cloud market in China is projected to reach RMB 79.42 billion in 2020, indicating significant growth potential[31]. - The company is focusing on three main business segments: cloud computing and big data, industry solutions, and intelligent products, aiming to strengthen its core business[41]. Corporate Governance and Compliance - The company has renewed its audit engagement with Lixin Certified Public Accountants for the 2020 fiscal year, ensuring continuity in financial oversight[72]. - The company has not reported any violations regarding the misuse of funds from the listed company by its controlled entities[68]. - The company has maintained compliance with all court judgments and has no significant debts that remain unpaid[77]. Social Responsibility and Community Engagement - The company has established a three-year targeted poverty alleviation plan with six measures, including the establishment of smart cultural training activity rooms in impoverished villages[90]. - Total funding for poverty alleviation amounted to RMB 2.23 million, with material donations valued at RMB 228,500[92]. - A total of 593 registered impoverished individuals were helped to escape poverty[92]. Shareholder Information - The company has 101,321 total common stock shareholders as of the reporting period[100]. - The largest shareholder, Shanghai Yidian Electronics Group Co., Ltd., holds 28.03% of shares, totaling 383,337,947 shares[100]. - No changes in the company's share capital structure were reported during the period[100]. Legal Matters - The company has reported no major litigation or arbitration matters during the reporting period, indicating a stable legal environment[74]. - The company has successfully completed a civil mediation regarding a lawsuit, resulting in a termination of enforcement due to the defendant's inability to pay[74]. Financial Instruments and Accounting Policies - Financial instruments are classified at initial recognition as financial assets measured at amortized cost, financial assets measured at fair value with changes recognized in other comprehensive income, or financial assets measured at fair value with changes recognized in profit or loss[188]. - The company recognizes cash and cash equivalents as cash on hand and deposits that are readily available for payment, along with short-term investments meeting specific criteria[182]. - The company applies the exchange rate on the transaction date for foreign currency transactions and translates monetary items at the exchange rate on the balance sheet date, with resulting exchange differences recognized in profit or loss[183].

2020 年第一季度报告 公司代码：600602 公司简称：云赛智联 900901 云赛 B 股 云赛智联股份有限公司 2020 年第一季度报告 1 / 25 2020 年第一季度报告 一、 二、 11Í 四、 | --- | |----------------| | 目录 | | 重要提示 . | | 公司基本情况 . | | 重要事项 . | | 附录 . | 2 / 25 2020 年第一季度报告 单位：元 币种：人民币 3 / 25 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 公司负责人黄金刚、主管会计工作负责人翁峻青及会计机构负责人（会计主管人员）唐青保 证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | |--------------------------------------------- ...

Financial Performance - The company's operating revenue for 2019 was approximately CNY 4.89 billion, an increase of 9.49% compared to CNY 4.47 billion in 2018[23] - The net profit attributable to shareholders of the listed company for 2019 was approximately CNY 241.79 million, a decrease of 11.18% from CNY 272.24 million in 2018[23] - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately CNY 167.73 million, an increase of 4.86% compared to CNY 159.96 million in 2018[23] - The net cash flow from operating activities for 2019 was approximately CNY 303.83 million, representing a significant increase of 57.34% from CNY 193.10 million in 2018[23] - The total assets at the end of 2019 were approximately CNY 6.13 billion, an increase of 10.63% from CNY 5.54 billion at the end of 2018[23] - The net assets attributable to shareholders of the listed company at the end of 2019 were approximately CNY 4.12 billion, an increase of 3.02% from CNY 4.00 billion at the end of 2018[23] - Basic earnings per share for 2019 was CNY 0.177, a decrease of 11.06% compared to CNY 0.199 in 2018[24] - The weighted average return on equity decreased to 5.985% in 2019 from 6.965% in 2018, a decline of 0.980 percentage points[24] Dividend Distribution - The company plans to distribute a cash dividend of CNY 0.54 per 10 shares, totaling approximately CNY 73.85 million, which accounts for 30.54% of the net profit for the year[6] - In 2018, the company distributed a cash dividend of RMB 0.60 per 10 shares, totaling RMB 82,060,407.30, which was 30.14% of the net profit attributable to shareholders[94] - The company has a total share capital of 1,367,673,455 shares as of the end of 2018, which serves as the basis for dividend distribution[93] - The company has not proposed any capital reserve transfer to increase share capital for 2019[93] Market and Strategic Focus - The company aims to expand its market presence in smart city solutions, focusing on cloud computing, big data, and intelligent products[35] - The smart city market in China is projected to reach CNY 25 trillion by 2022, driven by advancements in technology and urbanization[35] - The company is actively optimizing its IDC services and enhancing its cloud service offerings to support enterprise clients[35] - The strategic focus includes developing artificial intelligence capabilities and comprehensive IT solutions for government and enterprise clients[35] - The company plans to focus on expanding its information services, which currently represent over 80% of its main business[53] Research and Development - The company invested CNY 32.926 million in technology research and development, accounting for 6.73% of its operating revenue[36] - The company completed 11 new product R&D projects and applied for two key projects in the "smart ocean" business sector[42] - R&D expenses rose by 9.23%, reflecting increased investment in innovation[44] - R&D expenses totaled ¥329.26 million, representing 6.73% of operating income, with 1,265 R&D personnel, making up 55.31% of total staff[61] Risks and Challenges - The company has disclosed potential risks in its future development strategies and plans, urging investors to be cautious[7] - The company is closely monitoring macroeconomic conditions and the impact of the COVID-19 pandemic on its supply chain and logistics costs[88] - The company acknowledges risks related to the imbalance in supply and demand within the IDC industry and the challenges of energy consumption and environmental protection[88] - The company is aware of potential policy risks that could affect industry demand due to changes in government regulations[88] Corporate Governance - The company has committed to avoiding any business activities that may compete with the listed company in the future[98] - The company will maintain the independence of the listed company in terms of personnel, assets, and operations, ensuring no adverse impact from related transactions[98] - The company has pledged to minimize related transactions with the listed company and ensure fair pricing in unavoidable cases[101] - The company has established a lock-up period for shares acquired in the non-public offering, lasting 36 months from registration[101] Financial Adjustments and Compliance - The company implemented changes in accounting policies, including the separation of "receivables" into "notes receivable" and "accounts receivable," with the previous year's ending balance for "notes receivable" at ¥75,740,153.11 and "accounts receivable" at ¥898,524,544.36[110] - The company adopted new financial instrument accounting standards effective January 1, 2019, which included reclassifying certain financial assets and liabilities, resulting in an increase of ¥212,345,205.50 in trading financial assets[111] - The cumulative impact of the adjustments from the new accounting standards was reflected in the retained earnings, which increased by ¥12,087,638.63[111] - The company emphasized that the changes in accounting policies would not affect its operational performance or cash flows[110] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 97,427, down from 100,964 in the previous month[166] - The top ten shareholders hold a total of 28.03% and 6.50% of shares, with Shanghai Yidian Electronics (Group) Co., Ltd. and YunSai Information (Group) Co., Ltd. being the largest shareholders[168] - The report indicates no changes in the controlling shareholder during the reporting period[176] - The company has a total of 6,458,914 shares held by Yao Weijun, representing 0.47% of the total shares[168] Management and Board Structure - The company has a total of 10 board members and supervisors, with varying backgrounds in engineering and finance[186] - The chairman, Huang Jingang, has extensive experience in the nuclear power and telecommunications sectors[187] - The general manager, Weng Junqing, has a background in sales and engineering management within the telecommunications industry[187] - The total remuneration for the board of directors, supervisors, and senior management for the year 2019 amounted to 3.9452 million yuan[199]

Financial Performance - Operating revenue for the first nine months was ¥3,442,465,862.32, representing a year-on-year increase of 10.47%[17] - Net profit attributable to shareholders, excluding non-recurring gains and losses, was ¥125,630,952.76, up 17.62% from the previous year[17] - Basic and diluted earnings per share were both ¥0.1350, an increase of 1.73% compared to the same period last year[17] - Total operating revenue for Q3 2019 reached ¥1,276,679,281.90, a 19.8% increase from ¥1,065,963,470.70 in Q3 2018[49] - Net profit for Q3 2019 was ¥67,688,717.59, representing a 56.5% increase compared to ¥43,277,602.87 in Q3 2018[53] - The company reported a total profit of ¥71,571,420.95 for Q3 2019, compared to ¥50,329,412.90 in Q3 2018, marking a 42.2% increase[53] - The total operating revenue for the first three quarters of 2019 was ¥3,442,465,862.32, a 10.4% increase from ¥3,116,167,134.54 in the same period of 2018[49] - The company’s investment income for Q3 2019 was ¥21,615,814.84, compared to ¥13,701,420.23 in Q3 2018, reflecting a 57.5% increase[53] - The total comprehensive income for Q3 2019 was ¥67,692,662.32, compared to ¥51,863,423.27 in Q3 2018, indicating a 30.6% increase[58] Assets and Liabilities - Total assets at the end of the reporting period reached ¥5,641,495,851.45, an increase of 1.86% compared to the end of the previous year[17] - Net assets attributable to shareholders of the listed company amounted to ¥4,101,986,057.26, reflecting a growth of 2.57% year-on-year[17] - The total liabilities decreased by 5.56% to CNY 3,200,000,000, reflecting a strategic reduction in short-term borrowings[39] - Total current liabilities decreased from 1,336,844,171.05 to 1,331,245,585.77, a reduction of approximately 0.4%[40] - Total non-current liabilities decreased from 48,268,849.82 to 39,393,713.64, a decrease of about 18.4%[40] - Total liabilities decreased from 1,385,113,020.87 to 1,370,639,299.41, reflecting a decline of approximately 1.0%[40] - Total equity attributable to shareholders increased from 3,999,124,794.78 to 4,101,986,057.26, an increase of about 2.6%[40] - Total assets increased slightly from 5,538,233,846.39 to 5,641,495,851.45, representing an increase of approximately 1.9%[40] Cash Flow - The net cash flow from operating activities for the first nine months was -¥453,382,504.22, compared to -¥413,523,083.91 in the previous year[17] - Cash flow from operating activities for the first three quarters of 2019 was negative at -¥453,382,504.22, compared to -¥413,523,083.91 in the same period of 2018[63] - Cash flow from financing activities resulted in a net outflow of -233,563,845.76 RMB, compared to -259,995,457.52 RMB in the same period of 2018[73] - The net increase in cash and cash equivalents was -387,936,484.43 RMB, contrasting with a positive increase of 25,104,778.62 RMB in the previous year[73] - The company’s cash flow from operating activities showed a net gain of 9,121,935.82 RMB, a recovery from a loss of -24,519,838.93 RMB in the same period of 2018[73] Shareholder Information - The total number of shareholders at the end of the reporting period was 97,736, with the largest shareholder holding 28.03% of the shares[23] Other Financial Metrics - The weighted average return on equity decreased to 4.5419%, down 0.0981 percentage points compared to the previous year[17] - Non-recurring gains and losses for the reporting period totaled ¥5,317,571.05, with significant contributions from government subsidies[19] - The company reported a financial asset fair value change loss of ¥7,286,712.34 in Q3 2019[52] - Research and development expenses in Q3 2019 amounted to ¥75,391,982.24, an increase from ¥67,120,013.43 in Q3 2018[49] - The company reported a 72.76% decrease in other income to CNY 9,896,718.24, primarily due to reduced government subsidies related to its main business[29]

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 2,165,786,580.42, representing a 6.03% increase compared to CNY 2,042,570,172.34 in the same period last year[23]. - The net profit attributable to shareholders of the listed company decreased by 15.38% to CNY 121,758,661.49 from CNY 143,888,825.25 year-on-year[23]. - The net profit after deducting non-recurring gains and losses was CNY 67,700,916.04, down 10.77% from CNY 75,871,253.79 in the previous year[23]. - Basic earnings per share decreased by 15.40% to CNY 0.0890 from CNY 0.1052 in the same period last year[23]. - The weighted average return on net assets was 2.9996%, down 0.6961 percentage points from 3.6957% in the previous year[23]. - The company reported a total non-recurring profit and loss of RMB 54,057,745.45 during the reporting period[26]. - The company reported a net profit for the first half of 2019 of CNY 136,611,865.74, a decrease of 9.2% from CNY 150,523,475.00 in the same period of 2018[127]. - The net profit attributable to shareholders of the parent company was CNY 121,758,661.49, down from CNY 143,888,825.25 in the previous year, representing a decline of 15.4%[130]. - The total comprehensive income for the first half of 2019 was CNY 30,730,403.66, contributing positively to the overall equity[154]. Cash Flow and Financial Position - The net cash flow from operating activities was negative at CNY -288,492,615.63, an improvement from CNY -377,565,706.18 in the same period last year[23]. - The company's cash and cash equivalents decreased to CNY 2,048,518,015.65 in June 2019 from CNY 2,660,342,642.32 in December 2018, a decline of approximately 23%[111]. - The company reported a net cash outflow from operating activities of CNY -288,492,615.63, an improvement from CNY -377,565,706.18 in the same period last year[142]. - The company's cash flow from operating activities showed resilience with a significant increase in cash inflow from sales of goods and services, amounting to ¥5,690,000.00, up from ¥4,091,000.00 in the previous year[145]. - The total cash and cash equivalents at the end of the period stood at ¥1,277,533,336.52, down from ¥704,704,740.64 at the end of the same period last year[145]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 5,648,155,915.76, a 1.98% increase from CNY 5,538,233,846.39 at the end of the previous year[23]. - Accounts receivable increased by 30.47% to ¥1,172,313,265.26, accounting for 20.76% of total assets, primarily due to outstanding business receivables[46]. - The total liabilities amounted to CNY 156,860,808.82, an increase from CNY 127,416,561.47 in the previous year, indicating a growth of 23.2%[127]. - The company's total equity at the end of the reporting period is RMB 3,927,900,592.42, an increase from RMB 3,853,129,711.49 at the end of the previous period, reflecting a growth of approximately 1.92%[156]. Research and Development - R&D investment reached RMB 15,120,000, accounting for 7.00% of total revenue[31]. - Research and development expenses increased by 21.54% to CNY 151 million, indicating a strong commitment to innovation and product development[41]. - The company applied for 33 intellectual property rights, including 9 invention patents and 21 software copyrights[31]. Strategic Initiatives and Market Position - The company continues to focus on smart city construction and operation, providing comprehensive solutions for government and enterprise clients[29]. - The company actively participated in major international exhibitions, enhancing its industry status and market influence[34]. - The company made significant progress in the cloud and big data sectors, ranking 8th in the "2018 IDC Classification Ranking" and becoming the first Chinese enterprise to receive Microsoft Azure Expert MSP certification[37]. - The company is actively exploring new market segments, with notable achievements in smart security and smart education projects[37]. Risks and Compliance - The company faces significant uncertainty due to macroeconomic changes stemming from the US-China trade dispute and global reactions to 5G technology applications, which may impact industry development[60]. - The company acknowledges risks associated with technological innovation, particularly in cloud computing, big data, and artificial intelligence, which could affect business models and application demands[60]. - The company has committed to avoiding direct or indirect competition with its listed entity in future business developments, ensuring fair market practices[64]. - The company has pledged to minimize related party transactions post-major asset restructuring, ensuring compliance with legal and regulatory requirements[64]. Shareholder Information - The company has a total of 97,712 common stock shareholders as of the end of the reporting period[100]. - The largest shareholder, Shanghai Yidian Electronics (Group) Co., Ltd., holds 383,337,947 shares, representing 28.03% of the total shares[100]. - The total number of shares held by the top ten unrestricted shareholders amounts to 511,000,000 shares, with Shanghai Yidian Electronics Group Co., Ltd. holding the largest share of 383,337,947 shares[103]. Accounting Policies and Financial Instruments - The company’s financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance, reflecting the true and complete financial status and operating results[169]. - The company has adopted a policy for cash and cash equivalents, ensuring that only highly liquid investments are classified as such[181]. - The company’s accounting policies for financial instruments have been updated as of January 1, 2019, affecting the classification and measurement of financial assets and liabilities[187].

Financial Performance - Operating revenue for the period was CNY 1,068,175,289.85, representing an increase of 16.86% year-on-year[11]. - Net profit attributable to shareholders of the listed company was CNY 44,036,891.62, a decrease of 26.73% compared to the same period last year[11]. - Basic earnings per share were CNY 0.030, down 31.82% from CNY 0.044 in the previous year[11]. - Total operating revenue for Q1 2019 was CNY 1,068,175,289.85, an increase of 16.9% compared to CNY 914,077,951.05 in Q1 2018[45]. - Net profit for Q1 2019 was CNY 48,698,549.09, a decrease of 20.7% from CNY 61,417,209.27 in Q1 2018[47]. - The net profit attributable to shareholders of the parent company was CNY 44,036,891.62, down 26.7% from CNY 60,099,344.20 in Q1 2018[47]. - Total comprehensive income amounted to CNY 5,900,697.29, a decrease from CNY 31,057,460.97 year-over-year[53]. Cash Flow - Net cash flow from operating activities was CNY -228,364,193.48, showing an improvement from CNY -370,009,589.32 in the previous year[11]. - Cash inflow from operating activities was CNY 1,066,290,337.45, compared to CNY 920,891,634.88 in the same quarter last year, representing an increase of approximately 15.8%[57]. - Cash outflow from operating activities totaled CNY 1,294,654,530.93, slightly up from CNY 1,291,431,723.99 year-over-year[57]. - Cash inflow from investment activities was CNY 227,320,788.23, down from CNY 509,633,697.27 year-over-year[59]. - Net cash flow from investment activities was negative CNY 337,583,768.50, a decline from positive CNY 27,599,347.26 in the previous year[59]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,451,235,567.34, a decrease of 1.57% compared to the end of the previous year[11]. - Total liabilities decreased from 1,385,113,020.87 to 1,249,416,192.73, a reduction of approximately 9.8%[31]. - Total equity attributable to shareholders increased from 3,999,124,794.78 to 4,043,161,686.40, reflecting a growth of about 1.1%[31]. - Cash and cash equivalents decreased from 1,764,396,199.42 to 1,367,319,177.38, a decline of approximately 22.5%[36]. - Total current assets increased from 2,000,527,846.60 to 2,211,594,687.81, representing an increase of about 10.6%[36]. - Non-current assets decreased from 1,975,765,483.33 to 1,771,472,818.39, a decrease of approximately 10.4%[39]. Shareholder Information - The total number of shareholders at the end of the reporting period was 102,828[17]. - The largest shareholder, Shanghai Yidian Electronics (Group) Co., Ltd., held 383,337,947 shares, accounting for 28.03% of the total shares[17]. Expenses - Management expenses rose by 31.79% to CNY 63,885,916.96, primarily due to increased management costs[20]. - Financial expenses increased by 146.73% to -CNY 16,938,959.14, mainly due to higher interest income[20]. - Research and development expenses for Q1 2019 were CNY 69,315,621.88, an increase of 14.5% from CNY 60,468,494.18 in Q1 2018[45]. Government Support - The company received government subsidies amounting to CNY 9,769,251.42, which are closely related to its normal business operations[13]. Other Financial Metrics - The weighted average return on net assets decreased by 0.47 percentage points to 1.095%[11]. - The company reported a 40.35% increase in taxes and surcharges to CNY 3,030,724.97, attributed to business growth[20]. - Non-operating income and expenses totaled CNY 26,120,674.09 after tax effects[13].

Financial Performance - In 2018, the company achieved operating revenue of CNY 446.556 million and a net profit attributable to the parent company of CNY 27.224 million, resulting in earnings per share of CNY 0.199[6]. - The company's operating revenue for 2018 was approximately CNY 4.47 billion, representing a year-on-year increase of 5.76%[24]. - The net profit attributable to shareholders for 2018 was approximately CNY 272.24 million, a decrease of 1.96% compared to the previous year[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately CNY 159.96 million, an increase of 6.30% year-on-year[24]. - The net cash flow from operating activities for 2018 was approximately CNY 193.10 million, a significant recovery from a negative cash flow in the previous year[24]. - The basic earnings per share for 2018 was CNY 0.199, down 3.86% from the previous year[27]. - The weighted average return on equity for 2018 was 6.965%, a decrease of 0.626 percentage points compared to the previous year[27]. - The total assets at the end of 2018 were approximately CNY 5.54 billion, an increase of 1.46% from the end of 2017[24]. - The company's net assets attributable to shareholders at the end of 2018 were approximately CNY 4.00 billion, reflecting a year-on-year increase of 4.74%[24]. Dividends and Shareholder Returns - The company proposed a cash dividend of CNY 0.60 per 10 shares (including tax) to all shareholders, pending approval at the annual general meeting[6]. - The company has maintained a consistent dividend payout ratio, with 30.14% of net profit allocated for dividends in 2018[96]. - For 2018, the proposed cash dividend is RMB 0.60 per 10 shares, subject to shareholder approval[96]. Audit and Compliance - The audit report issued by Lixin Certified Public Accountants was a standard unqualified opinion[5]. - The company is committed to ensuring the accuracy and completeness of its financial reports, as stated by its management[4]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[8]. - There are no violations of decision-making procedures regarding external guarantees[8]. - The company has implemented a strict insider information management system to ensure compliance with relevant laws and regulations[1]. Strategic Development and Innovation - The company has a strong focus on future strategic development and plans, although these do not constitute a commitment to investors[7]. - R&D expenses increased by 20.61% to CNY 301 million, highlighting the company's commitment to innovation[45]. - The company aims to become a leading provider of smart city comprehensive solutions, leveraging new generation information technology[82]. - The establishment of an artificial intelligence innovation institute in collaboration with Yidian Group is part of the company's strategy to drive digital transformation[83]. - The intelligent products sector will increase R&D investment to enhance competitiveness in scientific instruments and develop new products for food safety and environmental testing[88]. Market Position and Projects - The company secured multiple government cloud projects, enhancing its market position and project experience[40]. - The company continues to focus on smart city projects, leveraging new information technologies for urban management[38]. - The company plans to enhance its cloud management service market influence and support business growth through its cloud computing segment[82]. Risks and Challenges - The company has detailed risks associated with its future development in the report, emphasizing the importance of investor awareness[8]. - The company faces risks from macroeconomic changes due to the US-China trade dispute and the evolving landscape of information technology[89]. - There is a risk of technological innovation impacting business models, necessitating close tracking of advancements in cloud computing, big data, and AI[90]. Corporate Governance - The company actively engages in investor relations management, organizing events to enhance communication with investors[1]. - The board of directors consists of 7 members, including 3 independent directors, all of whom attended the board meetings diligently[191]. - The supervisory board consists of 3 members, ensuring compliance with legal and regulatory requirements[1]. - The company has established specialized committees within the board to enhance governance and operational efficiency[1]. Employee and Social Responsibility - The total number of employees in the parent company is 76, while the main subsidiaries employ 2,240, resulting in a total of 2,316 employees[179]. - The company emphasizes energy conservation and emission reduction, implementing measures to track energy consumption and provide improvement suggestions[143]. - The company maintains a commitment to social responsibility, integrating sustainable development into its corporate culture[143]. - The company has raised a total of 350,000 RMB in materials and funds to assist employment issues for the disabled in partnership with local communities[143].