Financial Performance - The company's operating revenue for the first half of 2018 was CNY 1,057,675,121.38, representing a 3.86% increase compared to CNY 1,018,347,428.64 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was CNY 56,300,373.95, a slight increase of 0.43% from CNY 56,058,728.50 year-on-year[18]. - The net cash flow from operating activities was negative at CNY -317,060,799.12, an improvement from CNY -399,714,016.24 in the previous year[18]. - The total operating revenue for the first half of 2018 was CNY 1,057,675,121.38, an increase of 3.1% compared to CNY 1,018,347,428.64 in the same period last year[80]. - The company reported a total profit of CNY 69,557,057.49 for the first half of 2018, up from CNY 63,281,559.65 in the previous year, marking a growth of 4.0%[80]. - The company reported a net cash inflow from operating activities that improved by 20.68% year-on-year[38]. - The company reported a net cash flow from operating activities for the first half of 2018 was -192,938,236.59 RMB, an improvement from -427,545,389.02 RMB in the same period last year, indicating a 55% reduction in losses[90]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,696,022,872.53, down 2.01% from CNY 3,771,709,106.79 at the end of the previous year[19]. - The total current liabilities amounted to CNY 663,602,373.73, an increase from CNY 591,120,807.46, representing a growth of approximately 12.2%[77]. - Total liabilities decreased to CNY 668,734,945.00 from CNY 596,253,378.73, a reduction of about 12.1%[77]. - The total owner's equity at the end of the reporting period was CNY 2,998,721,525.11, with a significant portion attributed to common stock of CNY 1,256,000,064.00[96]. - The total unallocated profits at the end of the reporting period were CNY 703,356,161.29[96]. Earnings and Shareholder Information - Basic earnings per share for the first half of 2018 were CNY 0.04482514, reflecting a 0.43% increase from CNY 0.04463274 in the same period last year[20]. - The diluted earnings per share also stood at CNY 0.04482514, consistent with the basic earnings per share[20]. - The company reported a profit distribution of CNY -75,360,003.84, indicating a loss allocation to shareholders[96]. - The largest shareholder, Putian Oriental Communication Group Co., Ltd., holds 570,712,740 shares, representing 45.439% of total shares[64]. Research and Development - The company holds 490 patent applications, including 191 invention patents, demonstrating a strong commitment to R&D and innovation[28]. - The company is focusing on R&D to keep pace with technological advancements and maintain competitive advantages in the market[45]. - Research and development expenses decreased by 7.60% year-on-year, primarily due to project progress differences in the intelligent self-service equipment sector[38]. Market and Product Development - The company’s market share in enterprise network products has been steadily increasing, particularly in government and public safety sectors[29]. - The company is focused on expanding its enterprise network and information security business, targeting government and transportation sectors[25]. - The intelligent self-service equipment sector includes a range of products such as cash recycling machines and smart teller machines, enhancing market presence[26]. - The company made significant progress in the rail transit market, winning bids for multiple projects including the Hangzhou Metro Line 6[32]. Cash Management and Financial Health - The company’s cash management products saw a 95.85% increase in interest receivables, reflecting improved financial performance[27]. - The company is focusing on improving cash flow management and reducing operational losses in the upcoming quarters[90]. - The company received VAT refunds totaling CNY 10,895,103.10 during the reporting period[191]. Compliance and Governance - The company reported no significant risks that could materially affect its operations during the reporting period[7]. - No major litigation or arbitration matters reported during the reporting period[50]. - The company has not implemented any employee stock ownership plans or other incentive measures[51]. - The board of directors and supervisory board underwent a re-election process, with all members being elected on June 28, 2018[68]. Environmental and Social Responsibility - The company engaged in a winter clothing donation campaign benefiting 6,524 children in Xinjiang Aksu region[55]. - The financial division supported the "Village-to-Village" project in Guizhou, aiming to extend financial services to rural areas[56]. - The company strictly adhered to environmental protection laws and regulations, with no violations reported during the reporting period[58]. Accounting Policies and Estimates - The company has not made any significant changes to its accounting policies or estimates during the reporting period[190]. - The financial statements for the first half of 2018 comply with the requirements of the accounting standards, reflecting the company's financial position and performance accurately[110]. - The company uses Renminbi as its functional currency for domestic operations[113].

Financial Performance - The company's total revenue for 2017 was CNY 2,437,285,614.69, representing a 23.08% increase compared to CNY 1,980,288,987.42 in 2016[20]. - The net profit attributable to shareholders for 2017 was CNY 118,208,655.39, up 29.01% from CNY 91,625,023.65 in 2016[21]. - The net profit after deducting non-recurring gains and losses was CNY 82,494,861.10, a significant increase of 90.55% from CNY 43,293,767.67 in 2016[21]. - Basic earnings per share increased by 29.01% to CNY 0.0941 in 2017 compared to CNY 0.0729 in 2016[22]. - Diluted earnings per share also rose by 29.01% to CNY 0.0941 in 2017 from CNY 0.0729 in 2016[22]. - The net profit attributable to shareholders for Q4 2017 was CNY 49,194,276.94, showing a significant increase compared to CNY 18,742,304.27 in Q1 2017[24]. - The company achieved a revenue of 2.437 billion yuan in 2017, representing a year-on-year growth of 23%[37]. - Net profit for the year was 118 million yuan, reflecting a 29% increase compared to the previous year[37]. Cash Flow and Assets - The company reported a net cash flow from operating activities of CNY -68,620,898.01, worsening from CNY -58,567,690.44 in 2016[21]. - The company reported a net cash decrease of 364 million yuan, with net cash flow from operating activities at -68.62 million yuan, a decrease of 10.05 million yuan year-on-year[62]. - The total assets at the end of the reporting period amounted to 4,000,000,000.00 CNY, with a year-on-year increase of 15%[64]. - The company's receivables increased by 89.97% to 55,035,644.91 CNY, primarily due to the increase in accepted bills from customers[64]. - The total current assets decreased from CNY 2,991,677,269.67 at the beginning of the year to CNY 2,779,358,657.35 by year-end, reflecting a reduction of approximately 7.1%[159]. - The cash and cash equivalents increased from CNY 691,513,089.06 to CNY 743,510,598.38, showing a growth of about 7.5%[159]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.60 per 10 shares, totaling CNY 75,360,003.84, with the remaining undistributed profit carried forward to future years[5]. - The company distributed cash dividends of 0.6 yuan per 10 shares in 2017, with a total cash dividend amounting to 75,360,003.84 yuan, representing 63.75% of the net profit attributable to ordinary shareholders[83]. - In 2016, the cash dividend was also 0.6 yuan per 10 shares, totaling 75,360,003.84 yuan, which accounted for 82.25% of the net profit attributable to ordinary shareholders[83]. Research and Development - Research and development expenses amounted to 173.44 million yuan, with a total of 439 patent applications filed, including 187 invention patents[32]. - The company is investing 100 million RMB in R&D for new technologies, focusing on 5G and IoT solutions[121]. - Total R&D investment amounted to 173.44 million yuan, accounting for 7.12% of operating revenue, with 554 R&D personnel, representing 20.19% of the total workforce[60]. Market and Product Development - The company focuses on three core industry ecosystems: enterprise networking and information security, intelligent self-service devices, and information communication technology services[27]. - The intelligent self-service device segment expanded its market by exploring opportunities beyond banking, targeting sectors like public security and telecommunications[28]. - The company launched three new terminal products in 2017, including the first LTE/PDT multi-mode terminal[39]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share within the next three years[119]. Risks and Challenges - The company has outlined potential risks in its future development, which investors should be aware of[7]. - The company is facing risks related to technology and product updates, market competition affecting profitability, and human resource retention and attraction[79]. - The company aims to optimize quality and supply chain management to increase profitability through continuous cost reduction and efficiency improvement[78]. Corporate Governance and Compliance - The company has established a well-established internal control system and governance structure in compliance with relevant laws and regulations[138]. - The company continues to engage Zhongshun Zhonghuan Accounting Firm for financial and internal control audits, with an audit fee of 79.03 million yuan for the year[90]. - The audit report confirmed that the financial statements fairly reflect the company's financial position and operating results for the year ended December 31, 2017[149]. Employee and Management Structure - The company employed a total of 2,744 staff, with 2,127 in the parent company and 617 in major subsidiaries[133]. - The total remuneration for all directors, supervisors, and senior management was 6.2071 million yuan (pre-tax) during the reporting period[130]. - The current chairman and executives have held their positions since 2016, indicating stability in leadership[123].

[Important Notice](index=3&type=section&id=Item%20I.%20Important%20Notice) This section outlines the company's commitment to the accuracy of its quarterly report and its unaudited status [Report Authenticity and Responsibility Statement](index=3&type=section&id=1.1%20Company%20Board%20of%20Directors%2C%20Supervisory%20Board%2C%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management%20Guarantee%20the%20Truthfulness%2C%20Accuracy%2C%20and%20Completeness%20of%20the%20Quarterly%20Report) The board, supervisory board, and senior management guarantee the report's truthfulness, accuracy, and completeness, assuming legal responsibility - The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report, free from false statements, misleading representations, or major omissions[4](index=4&type=chunk) - Director Ma Lihong was absent from the board meeting due to work reasons and delegated Director Du Tao to attend on his behalf[4](index=4&type=chunk) - Company head Guo Duanduan, head of accounting Zhao Wei, and head of accounting department Zhuge Mao guarantee the truthfulness, accuracy, and completeness of the financial statements[4](index=4&type=chunk) [Report Audit Status](index=3&type=section&id=1.4%20This%20Company's%20First%20Quarter%20Report%20is%20Unaudited) This company's 2018 first quarter report is unaudited - This company's first quarter report is unaudited[4](index=4&type=chunk) [Company Basic Information](index=3&type=section&id=Item%20II.%20Company%20Basic%20Information) This section provides an overview of the company's key financial performance and shareholder structure for the reporting period [Overview of Key Financial Data](index=3&type=section&id=2.1%20Key%20Financial%20Data) In Q1 2018, operating revenue grew by 13.36%, net profit attributable to shareholders increased by 10.13%, and operating cash flow loss narrowed | Indicator | End of Current Period/Year-to-Date | End of Prior Year/Prior Year-to-Date | Change (%) | | :--- | :--- | :--- | :--- | | **Balance Sheet (Period End):** | | | | | Total Assets (RMB) | 3,703,090,569.93 | 3,771,709,106.79 | -1.82 | | Net Assets Attributable to Shareholders (RMB) | 3,042,072,875.87 | 3,021,432,913.25 | 0.68 | | **Income Statement (Year-to-Date):** | | | | | Operating Revenue (RMB) | 499,734,895.44 | 440,839,774.31 | 13.36 | | Net Profit Attributable to Shareholders (RMB) | 20,639,962.62 | 18,742,304.27 | 10.13 | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) (RMB) | 13,400,450.64 | 14,842,533.37 | -9.72 | | Weighted Average Return on Net Assets (%) | 0.68 | 0.63 | Increased by 0.05 percentage points | | Basic Earnings Per Share (RMB/share) | 0.01643309 | 0.01492222 | 10.12 | | Diluted Earnings Per Share (RMB/share) | 0.01643309 | 0.01492222 | 10.12 | | **Cash Flow Statement (Year-to-Date):** | | | | | Net Cash Flow from Operating Activities (RMB) | -202,204,385.32 | -228,584,497.36 | N/A (Loss narrowed) | Non-recurring Gains and Losses Items and Amounts | Item | Current Period Amount (RMB) | | :--- | :--- | | Gains and losses from disposal of non-current assets | 8,779.39 | | Government grants recognized in current profit or loss | 399,789.43 | | Other non-operating income and expenses apart from the above | -107,058.90 | | Other gains and losses defined as non-recurring | 8,222,369.10 | | Impact of minority interests (after tax) | -2,809.66 | | Income tax impact | -1,281,557.38 | | **Total** | **7,239,511.98** | [Shareholding Status of Shareholders](index=5&type=section&id=2.2%20Total%20Number%20of%20Shareholders%2C%20Top%20Ten%20Shareholders%2C%20and%20Top%20Ten%20Tradable%20Shareholders%20(or%20Unrestricted%20Shareholders)%20as%20of%20the%20End%20of%20the%20Reporting%20Period) The company had 81,151 shareholders, with Potevio Eastern Communications Group Co., Ltd. as the largest shareholder at 45.439% - As of the end of the reporting period, the company had **81,151 shareholders**[10](index=10&type=chunk) Top Ten Shareholders' Shareholding Status | Shareholder Name (Full Name) | Shares Held at Period End | Proportion (%) | Shareholder Nature | | :--- | :--- | :--- | :--- | | Potevio Eastern Communications Group Co., Ltd. | 570,712,740 | 45.439 | State-owned Legal Entity | | China Securities Finance Corporation Limited | 32,154,781 | 2.560 | State-owned Legal Entity | | Central Huijin Asset Management Co., Ltd. | 17,168,500 | 1.367 | State-owned Legal Entity | | ISHARES CORE MSCI EMERGING MARKETS ETF | 4,262,206 | 0.339 | Foreign Legal Entity | | VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND | 3,784,449 | 0.301 | Foreign Legal Entity | | HONG KONG SECURITIES CLEARING COMPANY LIMITED | 3,572,723 | 0.284 | Foreign Legal Entity | | Xie Wencheng | 3,537,762 | 0.282 | Domestic Natural Person | | NORGES BANK | 3,109,400 | 0.248 | Foreign Legal Entity | | China Asset Management - Agricultural Bank of China - China Securities Finance Asset Management Plan | 3,084,400 | 0.246 | Other | | Liu Wei | 2,948,200 | 0.235 | Domestic Natural Person | - Potevio Eastern Communications Group Co., Ltd. is the company's largest shareholder, holding **45.439%** of shares, all of which are unrestricted tradable shares[10](index=10&type=chunk) [Significant Matters](index=6&type=section&id=Item%20III.%20Significant%20Matters) This section details major changes in financial statement items, their causes, and confirms the absence of other significant disclosures or unfulfilled commitments [Major Financial Item Changes and Reasons](index=6&type=section&id=3.1%20Major%20Changes%20and%20Reasons%20for%20Key%20Accounting%20Statement%20Items%20and%20Financial%20Indicators) Several accounting items saw significant changes, including a 283.43% increase in interest receivable and a 31.52% rise in sales expenses Major Accounting Item Changes | Accounting Item | Change Rate (%) | Reason for Change | | :--- | :--- | :--- | | Interest Receivable | 283.43 | Primarily due to increased unexpired interest income from the company's fixed deposits | | Other Current Assets | -61.10 | Primarily due to the maturity and recovery of the company's reverse repurchase agreements | | Notes Payable | -65.45 | Primarily due to differences in the execution progress of the company's procurement contracts | | Employee Compensation Payable | -53.12 | Primarily due to the company's payment of previous year's employee compensation | | Taxes Payable | -78.65 | Primarily due to the company's payment of previous year's taxes | | Selling Expenses | 31.52 | Primarily due to the company's increased market development efforts for smart self-service equipment | | Financial Expenses | -90.58 | Primarily due to the company's structured deposit related income being recognized as investment income | | Investment Income | 33.60 | Primarily due to the company's structured deposit related income being recognized as investment income | | Non-operating Income | 80.96 | Primarily due to an increase in government grants received by the company in the current period | [Progress of Significant Matters](index=6&type=section&id=3.2%20Analysis%20and%20Explanation%20of%20Progress%2C%20Impact%2C%20and%20Solutions%20for%20Significant%20Matters) No significant matters requiring disclosure of progress, impact, or solutions were identified during this reporting period - No significant matters requiring disclosure of progress, impact, or solutions during this reporting period[11](index=11&type=chunk) [Overdue Unfulfilled Commitments](index=6&type=section&id=3.3%20Overdue%20Unfulfilled%20Commitments%20During%20the%20Reporting%20Period) The company had no overdue unfulfilled commitments during this reporting period - No overdue unfulfilled commitments during this reporting period[11](index=11&type=chunk) [Performance Warning](index=6&type=section&id=3.4%20Warning%20and%20Explanation%20Regarding%20Potential%20Cumulative%20Net%20Profit%20Loss%20or%20Significant%20Change%20from%20Year-Beginning%20to%20the%20End%20of%20the%20Next%20Reporting%20Period) The company has not issued any performance warning regarding potential cumulative net profit loss or significant change - The company has not issued any warning or explanation regarding a potential cumulative net profit loss or significant change from the beginning of the year to the end of the next reporting period[11](index=11&type=chunk) [Appendix](index=7&type=section&id=Item%20IV.%20Appendix) This appendix provides detailed unaudited consolidated and parent company financial statements for the first quarter of 2018 [Financial Statement Details](index=7&type=section&id=4.1%20Financial%20Statements) The appendix includes unaudited consolidated and parent company balance sheets, income statements, and cash flow statements - The appendix includes unaudited consolidated and parent company balance sheets, income statements, and cash flow statements[12](index=12&type=chunk)[16](index=16&type=chunk)[21](index=21&type=chunk)[25](index=25&type=chunk)[26](index=26&type=chunk)[28](index=28&type=chunk) Consolidated Balance Sheet Key Data (March 31, 2018) | Item | Period-End Balance (RMB) | Year-Beginning Balance (RMB) | | :--- | :--- | :--- | | Cash and Bank Balances | 778,128,728.01 | 743,510,598.38 | | Total Current Assets | 2,688,107,683.44 | 2,779,358,657.35 | | Total Non-Current Assets | 1,014,982,886.49 | 992,350,449.44 | | Total Assets | 3,703,090,569.93 | 3,771,709,106.79 | | Total Current Liabilities | 612,472,005.36 | 703,068,645.34 | | Total Liabilities | 619,659,961.80 | 708,256,601.78 | | Total Equity Attributable to Parent Company Shareholders | 3,042,072,875.87 | 3,021,432,913.25 | | Total Shareholders' Equity | 3,083,430,608.13 | 3,063,452,505.01 | Consolidated Income Statement Key Data (January-March 2018) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Total Operating Revenue | 499,734,895.44 | 440,839,774.31 | | Operating Profit | 24,297,655.77 | 21,581,329.87 | | Total Profit | 24,590,386.30 | 21,698,085.14 | | Net Profit | 19,978,103.12 | 17,896,477.80 | | Net Profit Attributable to Parent Company Shareholders | 20,639,962.62 | 18,742,304.27 | | Basic Earnings Per Share (RMB/share) | 0.016 | 0.015 | Consolidated Cash Flow Statement Key Data (January-March 2018) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -202,204,385.32 | -228,584,497.36 | | Net Cash Flow from Investing Activities | 236,992,116.09 | 100,920,443.80 | | Net Cash Flow from Financing Activities | 0.00 | -15,100,937.50 | | Net Increase in Cash and Cash Equivalents | 34,618,129.63 | -142,828,847.16 | | Cash and Cash Equivalents at Period End | 286,028,728.01 | 472,584,241.90 | [Audit Report](index=19&type=section&id=4.2%20Audit%20Report) This quarterly report is unaudited, therefore no audit report is included - This quarterly report is unaudited, thus no audit report is included[29](index=29&type=chunk)

东方通信股份有限公司 2017 年第三季度报告 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 2017 年第三季度报告 1 / 18 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 7 | 东方通信股份有限公司 2017 年第三季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 | | | | 单位：元 币种：人民币 | | | --- | --- | --- | --- | --- | | | 本报告期末 | 上年度末 | 本报告期末比上年 | | | | | | 度末增减(%) | | | 总资产 | 3,690,685,539.90 | 3,846,529,343.90 | | -4.05 | | 归属于上市公司股东的净资产 | 2,972,238,636.31 | 2,978,584,261.70 | | -0.21 | | | 年初至报告期末 | 上年初至上年报告 | 比上年同期增减(%) | | | | （1 ...

Financial Performance - The company's operating revenue for the first half of 2017 was CNY 1,018,347,428.64, a decrease of 18.06% compared to CNY 1,242,786,621.21 in the same period last year[17] - Net profit attributable to shareholders of the listed company was CNY 56,058,728.50, an increase of 12.11% from CNY 50,003,587.49 in the previous year[17] - The net profit after deducting non-recurring gains and losses reached CNY 45,153,075.60, representing an 80.97% increase compared to CNY 24,950,781.20 in the same period last year[17] - The company achieved operating revenue of CNY 1.018 billion, a year-on-year decrease of 18.06%[34] - Net profit reached CNY 0.055 billion, representing a year-on-year growth of 12%[34] - The total profit for the first half of 2017 was CNY 63,281,559.65, a marginal increase from CNY 63,198,542.18 in the previous year[86] Earnings and Profitability - Basic earnings per share for the first half of 2017 were CNY 0.0446, an increase of 12.11% from CNY 0.0398 in the same period last year[18] - The diluted earnings per share were also CNY 0.0446, reflecting a 12.11% increase compared to the previous year[19] - The weighted average return on net assets was 1.86%, an increase of 0.18 percentage points from 1.68% in the previous year[19] - The weighted average return on net assets after deducting non-recurring gains and losses was 1.50%, up 0.66 percentage points from 0.84% in the previous year[19] Cash Flow and Liquidity - The net cash flow from operating activities was -CNY 399,714,016.24, a decline of 5.82% from -CNY 377,726,996.61 in the previous year[17] - Cash and cash equivalents decreased by 37.03% to ¥435,478,312.93 from ¥691,513,089.06, attributed to increased investments in the smart self-service equipment sector[27] - The cash and cash equivalents at the end of the period stood at CNY 240,378,312.93, compared to CNY 231,046,267.88 at the end of the previous year[92] - The company reported a total cash balance of approximately ¥435.48 million at the end of the period, down from ¥691.51 million at the beginning of the period, indicating a decrease of about 37%[200] Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,731,014,572.96, down 3.00% from CNY 3,846,529,343.90 at the end of the previous year[17] - The net assets attributable to shareholders of the listed company were CNY 2,959,282,986.36, a decrease of 0.65% from CNY 2,978,584,261.70 at the end of the previous year[17] - Total liabilities decreased from CNY 1,022,897,729.66 to CNY 897,181,401.11, a reduction of approximately 12.3%[83] - The total current assets decreased from 2,991,677,269.67 RMB to 2,812,979,547.63 RMB, a decline of approximately 6%[79] Investments and R&D - R&D expenditure increased by 9.94% to CNY 74.5 million, driven by core technology projects in the smart self-service equipment sector[41] - The company is focusing on the development of new technologies and solutions, including telecom anti-fraud systems and big data mining applications, which have seen widespread application in various markets[29] - The company is actively exploring opportunities in sectors beyond banking, such as public security and government services, to diversify its customer base[25] Market and Product Development - The company launched new products in the smart self-service equipment sector, including dual-screen recycling machines and large denomination recycling machines, enhancing its cash product solutions[29] - The company expanded its enterprise network and information security offerings with the introduction of the eTRA integrated dispatch command system, supporting multiple technical systems such as TETRA, PDT, and LTE[29] - The company expanded its market share in the financial electronic products sector, securing contracts with major banks such as ICBC and CCB[34] Shareholder and Corporate Governance - The total number of ordinary shareholders reached 78,060 by the end of the reporting period[66] - The largest shareholder, Putian Dongfang Communication Group Co., Ltd., holds 570,712,740 shares, accounting for 45.44% of total shares[67] - The company has no plans for profit distribution or capital reserve transfer for the half-year period[52] Compliance and Reporting - The financial statements comply with the accounting standards set by the Ministry of Finance, ensuring transparency and accuracy[112] - The company has not reported any changes in the controlling shareholder or actual controller during the reporting period[69] - The company has not disclosed any related party transactions or agreements among the top shareholders[68] Risks and Challenges - The company faces risks related to market competition, technology updates, and human resources management[50] - The company assesses impairment indicators for non-financial assets, conducting tests when there are signs that the carrying amount may not be recoverable[192]

Financial Performance - In 2016, the company's operating revenue was CNY 1,980,288,987.42, a decrease of 44.47% compared to CNY 3,565,925,468.23 in 2015[19] - The net profit attributable to shareholders was CNY 91,625,023.65, down 46.04% from CNY 169,799,041.36 in the previous year[19] - The basic earnings per share decreased to CNY 0.0729, a decline of 46.04% from CNY 0.1352 in 2015[21] - The weighted average return on net assets was 3.09%, down 2.74 percentage points from 5.83% in 2015[21] - The net cash flow from operating activities was negative CNY 58,567,690.44, compared to negative CNY 10,806,712.79 in 2015, indicating a significant decline[20] - The company reported a revenue of 1.98 billion yuan for 2016, a decrease of 44% year-on-year, while the gross margin for main business increased by 6.86 percentage points to 20.32%[41] - Net profit for the year was 92 million yuan, down 46% compared to the previous year[41] - The company reported a total profit of CNY 68,774,206.67 for 2016, down 34.4% from CNY 104,790,807.84 in the previous year[174] - The comprehensive income for the current period amounts to CNY 92,272,567.09, compared to a comprehensive income of CNY 169,336,339.96 in the previous period, indicating a decrease of about 45.4%[187] Asset and Liability Management - The company's total assets increased by 3.48% to CNY 3,846,529,343.90 at the end of 2016, compared to CNY 3,717,306,997.20 at the end of 2015[20] - The company's net assets attributable to shareholders increased slightly by 0.69% to CNY 2,978,584,261.70 at the end of 2016[20] - The company's total liabilities increased to CNY 827,199,744.63 from CNY 719,035,790.21, reflecting a growth of approximately 15.06%[166] - Cash and cash equivalents at the end of the reporting period were CNY 691,513,089.06, compared to CNY 637,228,926.10 at the beginning of the year, representing an increase of approximately 8.49%[165] - Accounts receivable rose to CNY 797,003,404.14 from CNY 700,600,476.92, marking an increase of about 13.76%[165] - Inventory levels increased to CNY 727,854,921.20 from CNY 635,303,527.39, reflecting a growth of approximately 14.55%[165] Business Strategy and Development - The company optimized its business structure by eliminating low-value-added businesses and expanding into new sectors such as enterprise networks and information security[28] - The smart self-service equipment sector is expected to grow, with the company focusing on cash and non-cash self-service terminal products and expanding into sectors beyond banking[30] - The information communication technology service sector is enhancing its capabilities to meet the technical service demands of operators and equipment manufacturers, driven by the growth of 4G and the upcoming 5G commercial rollout[31] - The company is positioned to benefit from the increasing market opportunities in the specialized network communication sector, particularly in public safety[29] - The company achieved significant growth in the enterprise network and information security sector, capitalizing on the G20 Hangzhou Summit, resulting in historical performance[42] - The company launched new intelligent self-service products, including large cash recycling machines, and entered new markets such as rural credit cooperatives and city commercial banks[43] Research and Development - R&D expenditure for 2016 was 164.97 million yuan, with 60 new patent applications filed, including 26 invention patents[36] - Research and development expenditure increased by 2.68% to approximately CNY 165 million, indicating a commitment to innovation[46] - Total R&D investment amounted to ¥164.97 million, representing 8.33% of operating revenue, with 19.19% of the workforce dedicated to R&D[61] Market Position and Competition - The company’s market share in the financial electronic product sector improved, with significant breakthroughs in non-cash intelligent terminals in major banks[38] - The foreign market revenue grew by 25% to CNY 123 million, driven by increased exports of cash self-service equipment[55] - The company is focused on expanding its market influence in non-cash products within the intelligent self-service equipment industry[82] - The company faces market competition risks, operating in a highly competitive environment with numerous small-scale enterprises[84] Corporate Governance and Compliance - The company appointed Zhongzheng Zhonghuan Accounting Firm as the financial auditor for the 2016 fiscal year, replacing Ruihua Accounting Firm after five years of service[93] - The company maintained a good integrity status, with no significant debts or court judgments unfulfilled during the reporting period[95] - The company has a structured remuneration system for its executives, based on performance assessments and board approvals[139] - The company has established a sound internal control system in compliance with relevant laws and regulations, ensuring effective governance[147] Shareholder Information - The total number of ordinary shareholders reached 83,401 by the end of the reporting period, an increase from 78,681 at the end of the previous month[117] - The largest shareholder, Putian Oriental Communication Group, holds 570,712,740 shares, representing 45.44% of total shares[119] - The company has no strategic investors or general legal entities among its top ten shareholders[120] Future Outlook - Future outlook suggests a projected revenue increase of 15% for the next fiscal year, driven by new product launches and market expansion strategies[132] - The company plans to increase its workforce by 10% to support growth initiatives and enhance operational efficiency[132] - The company aims to enhance its ICT service capabilities through partnerships and business expansion in design, software development, and IT services[77]

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 2017 年第一季度报告 1 / 16 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 7 | 东方通信股份有限公司 2017 年第一季度报告 一、 重要提示 东方通信股份有限公司 2017 年第一季度报告 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 未出席董事情况 | 未出席董事姓名 | 未出席董事职务 | 未出席原因的说明 | 被委托人姓名 | | --- | --- | --- | --- | | 王锋 | 董事 | 工作原因 | - | 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 3,742,723,857.16 3,846,529,343.90 -2.70 归属于上市公司 股 ...

东方通信股份有限公司 2016 年第三季度报告 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 2016 年第三季度报告 1 / 19 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司主要财务数据和股东变化 | 4 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 9 | 东方通信股份有限公司 2016 年第三季度报告 一、 重要提示 3 / 19 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赵威及会计机构负责人（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 本公司第三季度报告未经审计。 东方通信股份有限公司 2016 年第三季度报告 非经常性损益项目和金额 √适用 □不适用 单位：元 币种：人民币 | 项目 | 本期金额 | 年初至报告期末金额 ...

Financial Performance - The company's operating revenue for the first half of 2016 was approximately ¥1.24 billion, a decrease of 35.25% compared to ¥1.92 billion in the same period last year[19]. - Net profit attributable to shareholders for the first half of 2016 was approximately ¥50 million, down 34.64% from ¥76.5 million in the previous year[19]. - The basic earnings per share for the first half of 2016 was ¥0.0398, a decline of 34.64% compared to ¥0.0609 in the same period last year[19]. - The total profit for the period was CNY 63.2 million, down 29% compared to the previous year[24]. - The company reported a decrease of 56.10% in net profit after deducting non-recurring gains and losses, with a figure of approximately ¥24.95 million compared to ¥56.83 million in the previous year[19]. Cash Flow and Liquidity - The net cash flow from operating activities for the first half of 2016 was approximately -¥377.73 million, an improvement of 11.42% compared to -¥426.44 million in the previous year[19]. - Operating cash inflow for the first half of 2016 was CNY 1,250,700,816.27, down 24.6% from CNY 1,659,838,358.28 in the same period last year[92]. - The cash flow from operating activities showed a positive trend, indicating improved liquidity management[91]. - The company reported a total cash and cash equivalents decrease of CNY 303,412,297.22 for the first half of 2016[93]. - Cash and cash equivalents at the end of the period stood at CNY 231,046,267.88, down from CNY 427,722,593.66 year-over-year[93]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥3.57 billion, a decrease of 3.87% from ¥3.72 billion at the end of the previous year[19]. - The total liabilities decreased to CNY 862,133,488.76 from CNY 1,080,158,959.09, reflecting a reduction of 20.2%[88]. - The company's total current assets were CNY 2,769,786,052.08, down from CNY 2,947,600,358.63, indicating a decrease of about 6.04%[81]. - Accounts receivable increased to CNY 856,332,842.23 from CNY 700,600,476.92, marking a growth of about 22.23%[81]. - Total long-term equity investments amounted to approximately CNY 120.96 million, with a year-end value of CNY 173.69 million, reflecting a change of 1.19%[39]. Revenue Sources and Business Segments - The financial electronic business saw a significant decline in revenue and profit due to reduced demand and market price drops, impacting overall performance[25]. - The specialized network communication sector experienced a revenue increase of 86% year-on-year, reaching CNY 1.22 billion, with new sales contracts totaling CNY 1.73 billion, a 516% increase[27]. - Domestic revenue accounted for CNY 1.19 billion, reflecting a decrease of 35.82% year-on-year, while international revenue decreased by 23.66%[36]. - The company has made progress in the information security sector, signing contracts with major clients and beginning to generate commercial revenue[29]. - The company plans to enhance market expansion for new products such as CRS, VTM, and portable card issuing machines while seeking overseas ATM market opportunities[26]. Shareholder Information - The total number of shareholders reached 78,251 by the end of the reporting period[70]. - The largest shareholder, Putian Oriental Communication Group Co., Ltd., held 570,712,740 shares, accounting for 45.44% of the total shares[71]. - The company distributed a cash dividend of 0.60 yuan per 10 shares, totaling 75.36 million yuan, based on a total share capital of 1,256,000,064 shares[50]. Governance and Compliance - The company has not reported any major litigation or arbitration matters during the reporting period[55]. - The governance structure of the company complies with relevant laws and regulations, indicating a well-functioning governance system[66]. - The company has appointed Ruihua Certified Public Accountants as its financial and internal control auditor for the 2016 fiscal year[65]. - There were no significant penalties or rectifications for the company or its major stakeholders during the reporting period[66]. Investments and Strategic Initiatives - The company has made strategic investments in various sectors, including telecommunications and real estate, to diversify its portfolio[39]. - The company has committed CNY 211.5 million in entrusted asset management contracts, with a one-year term, investing in stock pledge repurchase transactions[45]. - The company has strengthened talent competitiveness through partnerships with universities and research institutions, enhancing the training of specialized personnel[38]. - The company is focused on expanding its market presence in government, public safety, and commercial sectors, laying a solid foundation for future growth[38]. Accounting Policies and Financial Reporting - The financial statements are prepared based on the going concern assumption, following the relevant accounting standards[108]. - The company recognizes revenue from the sale of goods when the significant risks and rewards of ownership have been transferred to the buyer[178]. - The company assesses the recoverability of accounts receivable and inventory, which involves significant estimates and judgments[190]. - The company conducts annual impairment tests for goodwill and assesses non-current assets for impairment indicators[193]. - The company recognizes financial guarantees at fair value upon initial recognition and measures them subsequently based on the higher of the determined amount or the initial recognition amount, minus cumulative amortization[138].

Financial Performance - Operating revenue for the period was CNY 608,122,322.71, reflecting an 11.95% increase year-on-year[7] - Net profit attributable to shareholders was CNY 5,130,878.59, a significant decrease of 69.47% compared to the previous year[7] - Basic earnings per share decreased by 40.53% to CNY 0.0134 from CNY 0.0226 in the previous year[7] - The company's total assets decreased to CNY 3,387,050,748.26 from CNY 3,540,600,870.00, a decline of 4.3%[22] - Net profit for Q1 2016 was CNY 16,277,388.94, a decrease of 41.3% from CNY 27,736,619.48 in the previous year[24] - The total cash and cash equivalents at the end of the period decreased to CNY 350,002,834.89 from CNY 792,604,005.45, reflecting a decline of approximately 56%[29] - The company reported a total profit of CNY 2,852,482.85, down from CNY 6,024,036.58 in the previous year, indicating a decrease of about 53%[26] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 243,629,601.16, worsening by 50.03% compared to the same period last year[7] - The net cash flow from operating activities was negative at CNY -243,629,601.16, worsening from CNY -162,390,996.38 in the previous year[28] - Investment activities generated a net cash inflow of CNY 39,540,811.09, compared to a net outflow of CNY -79,173,631.81 in the same period last year[28] - The cash inflow from operating activities totaled CNY 607,273,529.25, an increase of 30% compared to CNY 467,567,353.24 in the previous year[28] Shareholder Information - The number of shareholders at the end of the reporting period was 80,599[12] - The largest shareholder, Putian Oriental Communication Group Co., Ltd., held 570,712,740 shares, accounting for 45.44% of total shares[12] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 3,730,256,803.85, a 0.35% increase compared to the end of the previous year[7] - Non-current assets totaled ¥789,429,370.32, up from ¥769,706,638.57 at the beginning of the period[18] - Total liabilities decreased to ¥715,708,207.92 from ¥719,035,790.21, reflecting a reduction in current liabilities[18] - Current assets increased to CNY 2,541,662,361.27 from CNY 2,502,697,072.28, representing a growth of 1.6%[21] Operating Costs and Expenses - Total operating costs for Q1 2016 were CNY 609,295,779.98, up from CNY 540,591,711.21, reflecting a year-over-year increase of 12.7%[23] - The company incurred management expenses of CNY 39,977,355.13, slightly lower than CNY 41,565,976.49 in the same period last year[26] - Financial expenses increased by 124.63% to ¥1,218,515.32 due to a decrease in interest income from time deposits[15] - The financial expenses for the quarter were CNY 1,630,882.58, a significant improvement from a gain of CNY -3,359,525.11 in the previous year[26] Investment Income - Investment income rose by 61.53% to ¥18,244,182.09 driven by increased returns from entrusted loans and joint ventures[15] - The company reported an investment income of CNY 18,244,182.09, an increase from CNY 11,294,602.79 year-over-year[23] - The company received CNY 220,000,000.00 from investment recoveries during the quarter, indicating active investment management[28] Other Financial Metrics - Non-recurring gains and losses totaled CNY 11,720,647.45 for the period[10] - The weighted average return on equity decreased by 0.41 percentage points to 0.57%[7] - The company reported a net loss from non-operating activities of CNY 126,831.98[10] - Prepayments increased by 113.64% to ¥61,244,682.93 due to increased procurement of raw materials in the financial electronics industry[14] - Notes payable decreased by 44.39% to ¥13,984,968.00 as a result of the maturity of procurement payments[14] - Employee compensation payable decreased by 49.82% to ¥51,298,338.05 primarily due to the payment of last year's employee salaries[14] - Taxes payable decreased by 65.35% to ¥13,959,437.18 mainly due to the payment of last year's tax liabilities[14] - Other payables increased by 80.27% to ¥126,045,273.29 due to collection of payments in factoring business[14]