证券代码：600776 900941 股票简称：东方通信 东信 B 股 编号：临 2023-018 1 东方通信股份有限公司 关于参加浙江辖区上市公司投资者网上集体接待日活动 暨网上业绩说明会的公告 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，东方通信股份有限公司（以下简称"公 司"）将参加由浙江证监局、浙江省上市公司协会与深圳市全景网络有限公司联 合举办的"2023 年浙江辖区上市公司投资者集体接待日活动"，现将有关事项公 告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （https://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP, 参与本次互动交流，活动时间为 2023 年 5 月 12 日（星期五）15:00-17:00。届 时公司董事长或总经理、财务负责人、董事会秘书、独立董事（具体参会人员以 实际出席为准）将在线就公司 2022 年度及 2023 年第一季度业绩、公司治理、发 展战略、经营状况和可持续发展等投资者关心的 ...

证券代码：600776 900941 股票简称：东方通信 东信 B 股 编号：临 2023-018 东方通信股份有限公司 关于参加浙江辖区上市公司投资者网上集体接待日活动 暨网上业绩说明会的公告 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，东方通信股份有限公司（以下简称"公 司"）将参加由浙江证监局、浙江省上市公司协会与深圳市全景网络有限公司联 合举办的"2023 年浙江辖区上市公司投资者集体接待日活动"，现将有关事项公 告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （https://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP, 参与本次互动交流，活动时间为 2023 年 5 月 12 日（星期五）15:00-17:00。届 时公司董事长或总经理、财务负责人、董事会秘书、独立董事（具体参会人员以 实际出席为准）将在线就公司 2022 年度及 2023 年第一季度业绩、公司治理、发 展战略、经营状况和可持续发展等投资者关心的问题 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥773,745,595.93, representing an increase of 11.34% compared to the same period last year[8] - Net profit attributable to shareholders for Q3 2022 reached ¥38,908,368.89, a significant increase of 258.38% year-over-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥4,327,177.27, showing a decrease of 48.46% compared to the same period last year[8] - Basic earnings per share for Q3 2022 were ¥0.03097800, reflecting an increase of 258.38% year-over-year[8] - Total operating revenue for the first three quarters of 2022 reached CNY 2,118,092,284.92, an increase of 6.6% compared to CNY 1,986,449,638.03 in the same period of 2021[23] - Net profit attributable to shareholders of the parent company for the third quarter of 2022 was CNY 67,047,465.88, compared to CNY 61,072,152.86 in the same quarter of 2021, marking an increase of 9.7%[28] - The comprehensive income attributable to shareholders of the parent company for the third quarter of 2022 was CNY 66,916,671.84, compared to CNY 59,208,923.27 in the same quarter of 2021, representing an increase of 13.0%[28] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥4,135,511,078.45, a slight increase of 0.67% from the end of the previous year[8] - As of September 30, 2022, total assets amounted to RMB 4,135,511,078.45, an increase from RMB 4,107,850,328.72 at the end of 2021[18] - Current assets totaled RMB 3,363,478,371.66, compared to RMB 3,263,235,912.47 at the end of 2021, reflecting a growth of approximately 3.07%[18] - Total liabilities were RMB 1,560,137,541.19, compared to RMB 1,546,155,003.68 at the end of 2021, showing a slight increase of about 0.91%[18] - The company’s total liabilities as of the end of the third quarter of 2022 amounted to CNY 789,973,898.88, an increase from CNY 777,396,741.32 at the end of the previous year[23] - The total equity attributable to shareholders of the parent company was CNY 3,302,366,148.05, compared to CNY 3,285,149,201.50 at the end of the previous year, reflecting a growth of 0.5%[23] Cash Flow - The company reported a net cash flow from operating activities of ¥54,905,470.92 for the year-to-date period, indicating an increase in cash inflow[8] - The company reported a net cash flow from operating activities of CNY 54,905,470.92 for the first three quarters of 2022, a significant recovery from a net outflow of CNY 59,441,854.91 in the same period of 2021[28] - The net cash flow from investment activities was 222,054,349.30 CNY, a decrease from 390,645,679.41 CNY in the previous period[29] - The total cash and cash equivalents at the end of the period reached 1,332,365,102.58 CNY, up from 839,439,524.78 CNY year-over-year[29] - Cash outflow from financing activities amounted to 50,147,029.98 CNY, slightly lower than 51,098,323.11 CNY in the previous period[29] - The cash flow from financing activities resulted in a net outflow of -50,147,029.98 CNY, consistent with the previous period's outflow of -51,098,323.11 CNY[29] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 117,033[13] - The largest shareholder, China Electronics Technology Group Corporation, held 43.44% of the shares[13] Corporate Actions - The company plans to reduce its holdings in Bochuang Technology Co., Ltd. by up to 5,234,720 shares, not exceeding 2% of its total share capital[15] - The board approved the liquidation of its wholly-owned subsidiary, Hangzhou Dongxintong System Integration Co., Ltd., to optimize management structure and reduce costs[16] - The company has proposed adjustments to its board of directors and supervisory board, with new candidates nominated for non-independent director and non-employee representative supervisor positions[17] Research and Development - Research and development expenses for the first three quarters of 2022 totaled CNY 126,284,413.56, up from CNY 119,100,929.16 in the previous year, indicating a growth of 6.5%[27] Financial Ratios - The weighted average return on equity for Q3 2022 was 1.18%, an increase of 0.84 percentage points compared to the same period last year[8] - The company achieved a gross profit margin of approximately 9.1% for the first three quarters of 2022, down from 11.4% in the same period of 2021[27] - The company’s financial expenses showed a net income of CNY -23,102,507.41, compared to CNY -15,001,679.91 in the previous year, indicating an increase in financial costs[27] Asset Management - Long-term receivables decreased to RMB 42,422,891.12 from RMB 112,678,702.35, a decline of approximately 62.32%[22] - Non-current assets totaled RMB 772,032,706.79, down from RMB 844,614,416.25, indicating a decrease of about 8.54%[22] Accounting Standards - The company has adopted new accounting standards starting from 2022, which may affect the financial statements[29]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 1,344,346,688.99, representing a 4.09% increase compared to CNY 1,291,497,351.55 in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2022 was CNY 28,139,096.99, a decrease of 43.96% from CNY 50,215,276.87 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 183.81% to CNY 16,795,737.04 from CNY 5,917,939.21 in the same period last year[18]. - The net cash flow from operating activities for the first half of 2022 was CNY 81,512,477.19, compared to a negative cash flow of CNY -125,440,256.48 in the previous year[18]. - Basic earnings per share for the first half of 2022 were CNY 0.02240374, down 43.96% from CNY 0.03998031 in the same period last year[20]. - The weighted average return on net assets for the first half of 2022 was 0.85%, a decrease of 0.71 percentage points from 1.56% in the previous year[20]. - The company reported a total comprehensive income of CNY 28,304,364.01 for the first half of 2022, with a net loss of CNY 10,160,002.49[120]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 4,144,198,159.93, reflecting a 0.88% increase from CNY 4,107,850,328.72 at the end of the previous year[18]. - The net assets attributable to shareholders at the end of the reporting period were CNY 3,262,665,014.64, a slight decrease of 0.68% from CNY 3,285,149,201.50 at the end of the previous year[18]. - Total liabilities rose to CNY 837,012,239.41 from CNY 777,396,741.32, marking an increase of approximately 7.67%[87]. - The total current liabilities increased to CNY 833,157,110.93 from CNY 773,525,412.84, reflecting an increase of approximately 7.71%[87]. - The company's long-term receivables decreased by 61.51% to ¥43,365,743.55, primarily due to the recovery of project completion payments[41]. Research and Development - The company has applied for a total of 795 patents, including 275 invention patents, demonstrating a strong commitment to R&D[28]. - Research and development expenses for the first half of 2022 were CNY 77,687,550.74, down from CNY 82,357,078.62 in the same period of 2021[94]. - The company has established a national-level enterprise technology center and various research institutes to enhance its R&D capabilities[28]. Market and Industry Outlook - The company anticipates a 17% compound annual growth rate in user numbers for private network communications over the next five years, driven by the integration of new broadband technologies[25]. - The telecommunications industry is expected to maintain stable growth, with a projected expenditure of approximately RMB 350 billion on network operations by major operators, reflecting an 11% year-on-year increase[26]. - The financial technology sector is expected to see significant growth, with the six major state-owned banks increasing their tech investments to approximately RMB 107.5 billion, a year-on-year increase of 11%[27]. Corporate Governance and Management - The company appointed Guo Duanduan as the chairman and Zhang Xiaochuan as the general manager during the board meeting on January 11, 2022[54]. - The company reported no significant risks that could materially affect its operations during the reporting period[6]. - There were no plans for profit distribution or capital reserve transfer to share capital during this reporting period[5]. Environmental and Social Responsibility - The company has implemented energy-saving measures, including turning off lights during lunch breaks and promoting public transportation to reduce carbon emissions[60]. - The company has actively engaged in poverty alleviation efforts, including targeted donations to Shijian Village in Jinyun County, Zhejiang Province[61]. - The company has established a comprehensive management system for safety production, quality management, and environmental protection[59]. Shareholder Information - The company reported a total of 124,227 shareholders as of the end of the reporting period[73]. - The largest shareholder, China Electronics Technology Financial Co., Ltd., holds 545,615,552 shares, representing 43.44% of total shares[75]. - The top ten shareholders include both domestic and foreign entities, with the largest foreign shareholder being Vanguard Total International Stock Index Fund, holding 4,633,259 shares[75]. Financial Reporting and Accounting Policies - The company's financial statements are prepared based on the accrual basis of accounting[126]. - The company adopts the equity method for accounting treatment in mergers under common control, measuring acquired assets and liabilities at the book value in the final control party's consolidated financial statements[132]. - The company recognizes goodwill when the merger cost exceeds the fair value of identifiable net assets acquired[135]. - The company measures the fair value of remaining equity investments when control over a subsidiary is lost, recognizing the difference as investment income[142]. Risk Management - The company faces risks related to technology and product updates, market competition, and human resources, which could impact its competitive edge and profitability[48][49]. - The company has not reported any major litigation or arbitration matters during the reporting period[64]. - The company has not experienced any adverse integrity issues involving its controlling shareholders or actual controllers during the reporting period[64].

Financial Performance - The net profit of the parent company for 2021 was CNY 73,590,358.79, with a statutory surplus reserve of CNY 7,359,035.88 deducted, resulting in a total distributable profit of CNY 536,754,832.79[4] - The proposed cash dividend for 2021 is CNY 0.40 per 10 shares, totaling CNY 50,240,002.56, leaving a retained profit of CNY 486,514,830.23 for future distribution[4] - The company's operating revenue for 2021 was CNY 3,037,373,181.19, an increase of 2.38% compared to CNY 2,966,785,763.26 in 2020[19] - Net profit attributable to shareholders for 2021 was CNY 116,179,773.22, reflecting a growth of 12.20% from CNY 103,542,968.56 in 2020[19] - The net profit after deducting non-recurring gains and losses was CNY 27,269,834.19, up 4.30% from CNY 26,145,269.16 in 2020[19] - The net cash flow from operating activities reached CNY 109,195,683.52, a significant increase of 250.14% compared to CNY 31,186,478.93 in 2020[19] - The total assets at the end of 2021 were CNY 4,107,850,328.72, a 1.76% increase from CNY 4,036,821,064.06 at the end of 2020[21] - The net assets attributable to shareholders increased by 3.11% to CNY 3,285,149,201.50 at the end of 2021 from CNY 3,185,974,314.19 at the end of 2020[21] - Basic earnings per share for 2021 were CNY 0.0925, up 12.20% from CNY 0.0824 in 2020[21] - The weighted average return on equity for 2021 was 3.59%, an increase of 0.31 percentage points from 3.28% in 2020[21] Shareholder Information - The company has reported a total of 1,256,000,064 shares as of the end of 2021, which serves as the basis for the dividend distribution[4] - The total number of ordinary shareholders as of the end of the reporting period was 125,220, a decrease from 128,244 at the end of the previous month[170] - The largest shareholder, Putian Oriental Communication Group Co., Ltd., held 545,615,552 shares, representing 43.441% of the total shares[170] - The top ten shareholders included foreign entities such as Vanguard Total International Stock Index Fund and Norges Bank, holding 4,633,259 shares (0.369%) and 2,935,960 shares (0.234%) respectively[170] - The company has no changes in the total number of shares or share capital structure during the reporting period[168] Corporate Governance - The company has established a robust internal control system in compliance with relevant laws and regulations, enhancing governance and operational transparency[102] - The board of directors and supervisory board completed their re-election process during the reporting period, ensuring effective governance[104] - The company adheres to strict information disclosure requirements, ensuring timely and accurate communication of significant events to investors[104] - The company is committed to improving its governance and management practices to protect investors' rights and enhance operational integrity[104] - The company has implemented various internal management systems to clarify responsibilities and enhance operational efficiency[102] Risk Management - The company has outlined potential risks in its future development discussions, emphasizing the importance of risk awareness for investors[5] - The company aims to minimize the impact of external factors such as the pandemic and rising raw material costs through innovation and market-oriented strategies[31] - The company faces intensified competition in the private network communication industry, with a decreasing number of competitors leading to increased market concentration[100] - The information communication technology service market is highly competitive, which poses a risk to the company's gross profit margins due to the presence of numerous small-scale enterprises[100] Research and Development - As of December 2021, the company has applied for a total of 789 patents, including 275 invention patents, and holds 481 valid patents, demonstrating a strong commitment to R&D and innovation[39] - The company reported a significant increase in research and development expenses, which rose by 8.48% to RMB 192 million, reflecting increased investment in R&D projects[51] - The number of R&D personnel was 579, accounting for 24.02% of the total workforce[69] - The total R&D investment amounted to 193.73 million yuan, accounting for 6.38% of operating income, with capitalized R&D investment making up 1.01%[68] Market Position and Strategy - The company operates in various sectors, including information communication and financial technology, contributing to its diversified revenue streams[10] - The company has maintained a strong market position in the financial sector, continuously increasing the number of banks it serves, including major institutions like ICBC and CCB[41] - The company aims to transition from a hardware provider to a comprehensive digital financial technology solution provider, focusing on software and hardware products[92] - The company plans to strengthen its market expansion capabilities, particularly in the financial technology sector, targeting countries along the "Belt and Road" initiative[95] Social Responsibility - The company actively promotes environmental protection and has implemented measures to reduce carbon emissions, contributing to national "dual carbon" goals[152] - The company has engaged in social responsibility initiatives, including employee health and welfare programs, benefiting over 300 frontline employees[153] - The company has undertaken poverty alleviation efforts, including purchasing agricultural products from impoverished areas and supporting local infrastructure projects[156] Audit and Compliance - The audit report for the fiscal year 2021 was issued by Zhongshen Zhonghuan Accounting Firm, confirming the accuracy and completeness of the financial report[4] - The audit committee convened 4 times during the reporting period, focusing on important opinions and suggestions related to the company's financial oversight[130] - The internal control audit report issued by Zhongchao Zhonghuan CPA firm confirmed no discrepancies with the company's self-evaluation[148] Employee and Management Structure - The total number of employees in the parent company and major subsidiaries is 2,410, with 1,872 in the parent company and 538 in major subsidiaries[135] - The company has a total of 1,581 technical personnel, representing approximately 65.7% of the total workforce[135] - The management team has extensive experience in the telecommunications sector, which is expected to support strategic initiatives[110] - The current management team includes several vice presidents overseeing various departments, indicating a structured leadership approach[118]

东方通信股份有限公司 2021 年第三季度报告 证券代码：600776 900941 证券简称：东方通信 东信 B 股 东方通信股份有限公司 2021 年第三季度报告 1 / 13 单位：元 币种：人民币 注:"本报告期"指本季度初至本季度末 3 个月期间，下同。 东方通信股份有限公司 2021 年第三季度报告 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。 重要内容提示： 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、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 报表信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 | --- | --- | --- | --- | --- | |-----------------------------------------------|------------------|-- ...

东方通信股份有限公司 2021 年第一季度报告 公司代码：600776 900941 公司简称：东方通信 东信 B 股 东方通信股份有限公司 2021 年第一季度报告 1 / 22 东方通信股份有限公司 2021 年第一季度报告 | --- | --- | |-------|----------------| | | | | | 目录 | | 一、 | 重要提示 . | | 二、 | 公司基本情况 . | | 11Í | 重要事项 . | | 四、 | 附录 . | 2 / 22 单位：元 币种：人民币 东方通信股份有限公司 2021 年第一季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人郭端端、主管会计工作负责人诸葛懋及会计机构负责人（会计主管人员）诸葛懋 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 net profit of the parent company for 2020 was CNY 60,463,753.61, with a statutory surplus reserve of CNY 6,046,375.36 extracted, resulting in a total distributable profit of CNY 520,763,512.44[5] - The proposed cash dividend distribution is CNY 0.40 per 10 shares, totaling CNY 50,240,002.56, leaving a retained profit of CNY 470,523,509.88 for future distribution[5] - The total revenue for 2020 was approximately ¥2.97 billion, representing a 10.57% increase compared to ¥2.68 billion in 2019[21] - The net profit attributable to shareholders decreased by 21.37% to approximately ¥103.54 million from ¥131.68 million in 2019[21] - The net profit after deducting non-recurring gains and losses fell by 69.06% to approximately ¥26.15 million from ¥84.51 million in 2019[21] - The cash flow from operating activities was approximately ¥31.19 million, down 20.34% from ¥39.15 million in 2019[21] - The basic earnings per share decreased by 21.37% to ¥0.0824 from ¥0.1048 in 2019[22] - The diluted earnings per share also decreased by 21.37% to ¥0.0824 from ¥0.1048 in 2019[22] - The weighted average return on equity decreased by 0.96 percentage points to 3.28% from 4.24% in 2019[22] - The gross profit margin decreased to 11.64%, down 3.37 percentage points compared to the previous year, with total gross profit amounting to RMB 337 million[53] - The company reported a decrease in sales expenses by 29.72% to RMB 53.94 million compared to the previous year[61] - The company reported a net profit margin of 15%, which is an improvement from 12% in the previous year[134] Revenue Breakdown - The enterprise network and information security sector generated revenue of CNY 415 million, up 4% year-on-year, accounting for 14% of total revenue[49] - The smart self-service equipment sector reported revenue of CNY 615 million, a 17% increase year-on-year, representing 21% of total revenue[49] - The information communication technology service sector earned CNY 779 million, a 9% increase year-on-year, making up 27% of total revenue[49] - Revenue from the overseas market reached RMB 98.25 million, representing a year-on-year increase of 17.86%[53] - The company’s total operating revenue for the year was approximately RMB 2.89 billion, an increase of 10.92% year-on-year[52] - Total operating revenue for 2020 reached RMB 2,966,785,763.26, an increase of 10.55% compared to RMB 2,683,202,690.49 in 2019[186] Assets and Liabilities - The total assets increased by 2.26% to approximately ¥4.04 billion from ¥3.95 billion in 2019[21] - The net assets attributable to shareholders increased by 1.73% to approximately ¥3.19 billion from ¥3.13 billion in 2019[21] - The company’s intangible assets increased by 67.89% to approximately ¥159.99 million, attributed to land use rights and completion of self-service device projects[31] - Total assets reached CNY 4,036,821,064.06 as of December 31, 2020, compared to CNY 3,947,428,254.44 in 2019, indicating a growth of around 2.3%[178] - Total liabilities increased to ¥806,803,846.21 in 2020 from ¥772,631,325.80 in 2019, representing a growth of approximately 4.03%[179] - Current liabilities totaled ¥801,841,512.97, compared to ¥768,328,707.13 in the previous year, marking an increase of approximately 4.35%[179] Research and Development - The company holds a total of 768 patent applications, including 263 invention patents, demonstrating a strong commitment to R&D[34] - The company’s R&D expenses amounted to CNY 177 million, reflecting a 5.79% increase compared to the previous year[48] - The company invested RMB 181.20 million in R&D, accounting for 6.11% of total operating revenue, with 601 R&D personnel[62] - Research and development expenses increased to RMB 176,788,794.57, compared to RMB 167,116,988.52 in 2019, marking a rise of 5.00%[186] - The company plans to invest 300 million RMB in research and development for new technologies over the next three years[131] Market Expansion and Strategy - The company focuses on three main industries: enterprise networking and information security, intelligent self-service devices, and information communication technology services[27] - The company aims to maintain rapid growth in sales revenue and profit, focusing on three major industrial ecosystems: enterprise networks and information security, intelligent self-service devices, and ICT services[84] - The company plans to enhance its market presence in the rail transit and public security sectors, aiming to capture more market share in these areas[85] - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2025[131] - A strategic acquisition of a local tech firm was completed, enhancing the company's capabilities in software development[131] Corporate Governance and Management - The company has no major litigation or arbitration matters during the reporting period[100] - The company has no significant related party transactions that require further disclosure[102] - The company has maintained a good integrity status with no adverse records for its controlling shareholders and actual controllers[100] - The company emphasizes management improvement and cost reduction to enhance efficiency and support rapid product output in its self-developed industries[88] - The company has a comprehensive remuneration management approach for its senior executives[137] Social Responsibility - The company provided vocational skills training for approximately 226 individuals from impoverished areas[108] - The company donated RMB 20,000 to assist impoverished farmers in Shijian Village, Jinyun County, Zhejiang Province[107] - The company actively participated in poverty alleviation efforts, aligning with national strategies[106] Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[131] - The company is considering strategic acquisitions to enhance its market position, targeting firms with complementary technologies[134] - Future outlook indicates a strong growth trajectory, driven by innovation and market expansion strategies[128]

Financial Performance - Operating revenue for the first nine months was CNY 1,836,557,768.00, representing an increase of 1.87% year-on-year[18]. - Net profit attributable to shareholders for the first nine months was CNY 47,014,154.21, a decrease of 12.61% compared to the same period last year[18]. - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -23,946,491.47, a decrease of 158.08% year-on-year[18]. - Basic earnings per share for the first nine months were CNY 0.03743165, down 12.61% from the previous year[18]. - Total revenue for Q3 2020 was CNY 706,493,348.91, an increase from CNY 624,482,172.56 in Q3 2019, representing a growth of approximately 13.8%[40]. - Net profit for Q3 2020 was CNY 11,862,859.55, significantly higher than CNY 3,484,802.78 in Q3 2019, reflecting a growth of approximately 240.5%[40]. - The company reported a net loss of ¥15.63 million for the first three quarters of 2020, a decrease from a profit of ¥24.74 million in the same period of 2019[48]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,889,653,497.42, a decrease of 1.46% compared to the end of the previous year[18]. - The company reported a decrease in net assets attributable to shareholders of 0.10% to CNY 3,128,618,585.12 compared to the end of the previous year[18]. - Total liabilities decreased to CNY 718.62 million from CNY 772.63 million, a reduction of about 7%[33]. - Total liabilities increased to CNY 793,256,875.44 in Q3 2020 from CNY 681,084,063.68 in Q3 2019, representing a rise of about 16.5%[39]. - The total equity attributable to shareholders decreased slightly to CNY 3.13 billion from CNY 3.13 billion, showing a marginal decline of approximately 0.1%[33]. - The total owner's equity attributable to shareholders was RMB 3,131,664,186.74, reflecting strong shareholder value[60]. Cash Flow - The net cash flow from operating activities for the first nine months was CNY -367,017,347.62, compared to CNY -296,675,963.60 in the same period last year[18]. - The net cash flow from investment activities was CNY 797,956,515.69, up from CNY 459,382,254.44 in the previous year, indicating a strong performance in this area[51]. - The cash inflow from investment activities totaled CNY 812,225,008.34, a significant increase of 38.1% from CNY 588,149,608.59 in the same period of 2019[51]. - The cash inflow from investment activities in Q3 2020 was CNY 756,713,442.77, an increase from CNY 525,475,668.96 in Q3 2019[55]. - The net cash flow from operating activities in Q3 2020 was -CNY 178,943,658.89, compared to -CNY 112,371,131.11 in Q3 2019, indicating a decline[55]. Shareholder Information - Total number of shareholders at the end of the reporting period is 141,915[22]. - The largest shareholder, Putian Oriental Communication Group Co., Ltd., holds 545,615,552 shares, accounting for 43.44% of total shares[22]. Investments and Development - The company plans to establish a wholly-owned subsidiary and an intelligent manufacturing base in Fuyang District, Hangzhou[25]. - The company has invested in new product development, with development expenditures reported at CNY 4.51 million for the quarter[32]. - The company plans to continue investing in new technologies and market expansion to drive future growth[49]. Expenses - The company’s sales expenses decreased by 38.98%, from 53,824,991.99 to 32,842,634.84[24]. - Research and development expenses for Q3 2020 amounted to CNY 44,712,687.65, up from CNY 36,014,783.44 in Q3 2019, indicating an increase of about 24.0%[40]. - The company reported a decrease in sales expenses to CNY 13,200,651.64 in Q3 2020 from CNY 18,178,250.42 in Q3 2019, a reduction of approximately 27.3%[40]. Revenue Recognition - The company implemented the new revenue recognition standards starting January 1, 2020, affecting the financial statements[64].

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 1,130,064,419.09, a decrease of 4.09% compared to CNY 1,178,292,563.23 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was CNY 36,073,014.21, down 28.67% from CNY 50,574,941.94 year-on-year[19]. - The net cash flow from operating activities was negative CNY 334,610,614.27, compared to negative CNY 247,753,679.01 in the previous year[21]. - The total assets at the end of the reporting period were CNY 3,876,055,687.09, a decrease of 1.81% from CNY 3,947,428,254.44 at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company were CNY 3,117,336,035.39, down 0.46% from CNY 3,131,664,186.74 at the end of the previous year[21]. - Basic earnings per share for the reporting period were CNY 0.02872055, a decrease of 28.67% from CNY 0.04026667 in the same period last year[21]. - The weighted average return on net assets was 1.15%, a decrease of 0.48 percentage points compared to 1.63% in the previous year[21]. - The company reported a significant decline in net profit after deducting non-recurring gains and losses, with a loss of CNY 27,708,743.56 compared to a profit of CNY 39,685,818.33 in the previous year, representing a decrease of 169.82%[19]. Cash Flow and Assets - The company's cash and cash equivalents decreased by 34.02% to ¥699,760,414.56, primarily due to reduced sales receipts and increased structured deposits[28]. - Accounts receivable decreased by 68.02% to ¥23,712,970.74, mainly due to a reduction in accepted bills[28]. - The cash and cash equivalents at the end of the reporting period were ¥699,760,414.56, a decrease of 34.02% from ¥1,060,639,055.38 year-on-year[39]. - The total current assets amounted to CNY 3,049,166,647.75, a decrease of 1.87% from CNY 3,107,520,303.36 on December 31, 2019[74]. - The cash and cash equivalents decreased to CNY 699,760,414.56, down 34.0% from CNY 1,060,639,055.38[74]. - Accounts receivable increased to CNY 1,140,206,525.75, representing a growth of 16.3% compared to CNY 980,762,861.23[74]. - Inventory rose to CNY 951,695,067.23, an increase of 16.2% from CNY 818,270,285.59[74]. - The total liabilities decreased to CNY 662,109,705.20 from CNY 681,084,063.68, a reduction of approximately 2.9%[84]. Research and Development - Research and development expenses increased by 13.61% to ¥76,485,525.72, up from ¥67,322,500.61 in the previous year[38]. - The company has applied for a total of 657 patents, including 227 invention patents, demonstrating a strong focus on R&D capabilities[29]. - The company is committed to enhancing its technical service capabilities in the information communication technology sector, targeting telecom operators and equipment suppliers[27]. - The company has launched new products in the enterprise network and information security sectors, including anti-fraud and risk control systems[29]. Market and Business Expansion - The company aims to expand its enterprise network and information security business, responding to increasing demand in public safety and emergency communication sectors[25]. - The smart self-service equipment segment is experiencing growth, driven by the digital economy and the integration of emerging technologies[27]. - In the first half of 2020, the company successfully expanded its market presence, winning contracts for the TETRA rail transit communication system in Nantong and other projects, marking a significant step outside Zhejiang province[32]. - The company reported a notable increase in the sales of its self-service devices, with successful bids for various banks including Changsha Bank and Chongqing Rural Commercial Bank, contributing to a growing customer base in the financial sector[34]. Risks and Challenges - The company has not reported any significant risks that could materially affect its operations during the reporting period[7]. - The company is facing risks related to technology and product updates, as it operates in a rapidly evolving high-tech industry[48]. - There is a market risk due to changing customer demand structures in the smart self-service equipment industry, with a decline in traditional cash equipment demand and an increase in personalized non-cash equipment demand[48]. - The company anticipates competitive pressure in the private network communication industry as the market concentration increases and more public network communication manufacturers enter the market[48]. - The company has a risk related to human resources, as attracting and retaining talent is crucial for its development in a talent and technology-intensive environment[48]. Corporate Governance and Structure - The total number of ordinary shareholders at the end of the reporting period was 153,691[65]. - The largest shareholder, Putian Oriental Communication Group Co., Ltd., holds 545,615,552 shares, representing 43.44% of the total shares[65]. - The second-largest shareholder, China Securities Finance Corporation Limited, holds 32,203,281 shares, representing 2.56%[65]. - There were changes in the board of directors and supervisory board, with new members elected due to resignations[69]. Accounting and Financial Reporting - The company has implemented the new revenue recognition standard effective from January 1, 2020, as mandated by the Ministry of Finance[61]. - The company has not reported any changes in its accounting policies or estimates compared to the previous accounting period[61]. - There were no significant accounting errors that required restatement during the reporting period[62]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring accurate financial reporting[131]. Investment and Subsidiaries - The company is in the process of establishing a wholly-owned subsidiary and an intelligent manufacturing base in Fuyang District, Hangzhou[62]. - The company has acquired a 40% stake in Hangzhou Qidi Dongxin Incubator Co., Ltd. from its controlling subsidiary, increasing its direct ownership to 40%[62]. - As of June 30, 2020, the company has a total of 7 subsidiaries included in the consolidated financial statements[127]. Quality Management and Certifications - The company has implemented a comprehensive quality management system, including ISO9001 and ISO27001 certifications, ensuring continuous improvement and effective quality control[34].