2021 年第三季度报告 证券代码：603106 证券简称：恒银科技 恒银金融科技股份有限公司 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 | | | | | | | 单位：元 币种：人民币 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 项目 | 本报告 期 | 上年同期 | | 本报告期 比上年同 期增减变 | 年初至报 | 上年同期 | | 年初至报 告期末比 上年同期 增减变动 | | | | | | 动幅度(%) | 告期末 | | | | ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥333,167,557.52, a decrease of 25.23% compared to ¥445,570,003.46 in the same period last year[19] - The net profit attributable to shareholders of the listed company was ¥4,260,591.97, down 78.47% from ¥19,789,356.72 in the previous year[19] - Basic earnings per share decreased by 78.42% to CNY 0.0082 compared to the same period last year[20] - The weighted average return on equity fell by 0.47 percentage points to 0.26%[20] - The company reported a net profit excluding non-recurring gains and losses of -¥7,939,454.64, indicating a significant loss compared to -¥2,125,953.11 in the previous year[19] - The cash flow from operating activities was negative at -¥221,454,271.45, compared to -¥404,454,881.82 in the same period last year[19] - The company's revenue for the current period is approximately ¥333.17 million, a decrease of 25.23% compared to ¥445.57 million in the same period last year[54] - The company's operating costs decreased by 15.26%, from ¥320.62 million to ¥271.70 million[54] - Research and development expenses decreased by 15.02%, from ¥42.12 million to ¥35.79 million[55] - The net cash flow from operating activities improved, with a reduction in cash outflow from ¥404.45 million to ¥221.45 million[55] Assets and Liabilities - Total assets decreased by 10.06% to ¥2,309,567,229.48 from ¥2,567,936,123.71 at the end of the previous year[19] - The net asset attributable to shareholders at the end of the reporting period was ¥1,610,928,881.53, a decrease of 1.21% from ¥1,630,692,289.56 at the end of the previous year[19] - Total liabilities decreased to CNY 698,638,347.95 from CNY 937,243,834.15, indicating a reduction of approximately 25.5%[101] - Shareholders' equity was CNY 1,610,928,881.53, slightly down from CNY 1,630,692,289.56, a decrease of about 1.3%[101] - Current assets totaled CNY 1,799,127,729.88, down from CNY 2,145,125,270.55 in December 2020, reflecting a decline of approximately 16.1%[99] - Cash and cash equivalents were CNY 547,052,798.01, a decrease of 29.6% compared to CNY 778,064,623.71 at the end of 2020[99] Market and Operational Strategy - The company focuses on financial self-service devices and aims to enhance its smart banking solutions through technology and service innovation[24] - The company aims to implement a "machine liberates people" strategy to enhance operational efficiency and customer experience[25] - The company is actively promoting its technology applications in multiple sectors, including finance, government, and healthcare[25] - The company is actively expanding its market presence in various sectors, including healthcare, social security, and retail, leveraging its technology in financial services[52] - The company has established a diverse customer base, including large state-owned banks and various government sectors[25] - The company has completed the acquisition of 100% equity in Hengyintong Information Technology Co., Ltd. on July 31, 2020[21] Research and Development - R&D investment over the past three years has been 86.02 million, 92.63 million, and 101.31 million RMB, accounting for 8.83%, 9.11%, and 10.97% of operating revenue respectively[42] - The company has applied for over 770 patents, with more than 500 granted, demonstrating its commitment to innovation and technology leadership[42] - The company has developed a new generation of ultra-high-speed circulation core technology, achieving the highest cash processing speed in the industry[40] Risk Management and Compliance - The company has highlighted potential risks in its operations, urging investors to pay attention to these risks[6] - The report has not been audited, and the management has confirmed the accuracy and completeness of the financial statements[6] - The company emphasizes its commitment to environmental protection, having obtained ISO14001 and ISO45001 certifications[70] - The company committed to minimizing and standardizing related party transactions, ensuring that unavoidable transactions adhere to market pricing principles[76] - The controlling shareholder, Hengrong Investment, pledged not to interfere in the company's management activities and to protect the interests of the company and its shareholders[76] Shareholder Information - The total number of shares increased from 400,400,000 to 520,520,000 due to a cash dividend of 0.06 RMB per share and a capital reserve increase of 0.3 shares per share[84] - The largest shareholder, Hengrong Investment Group, holds 241,670,000 shares, representing 46.43% of the total shares[89] - The number of ordinary shareholders at the end of the reporting period was 28,361[87] - The company distributed dividends totaling CNY 24,024,000.00 during the reporting period[122] Accounting Policies and Financial Instruments - The financial statements comply with the requirements of the enterprise accounting standards, reflecting the company's financial position and operating results accurately[136] - The company has implemented specific accounting policies for bad debt provisions, fixed asset classification, and revenue recognition[135] - The company recognizes revenue from smart devices when the product is delivered, installed, and accepted by the customer, with payment received and costs measurable[193] - The company recognizes contract liabilities when it has received or is entitled to receive payment from customers for goods or services yet to be delivered[184] - The company assesses expected credit losses for accounts receivable based on the entire expected lifetime of the financial asset[158]

Financial Performance - The company's operating revenue for 2020 was approximately ¥923.74 million, a decrease of 9.55% compared to ¥1,021.33 million in 2019[21]. - The net profit attributable to shareholders was ¥32.43 million, a significant recovery from a loss of ¥40.54 million in 2019[21]. - The basic earnings per share for 2020 was ¥0.08, compared to a loss of ¥0.10 per share in 2019[22]. - The weighted average return on equity increased to 1.96% in 2020, up by 4.45 percentage points from -2.49% in 2019[22]. - The net cash flow from operating activities was negative at -¥38.02 million, a decline of 151.39% compared to ¥73.98 million in 2019[21]. - The total assets decreased by 5.29% to ¥2,567.94 million from ¥2,711.28 million in 2019[21]. - In 2020, the company achieved operating revenue of CNY 923.74 million, a decrease of 9.55% year-on-year[62]. - The net profit attributable to shareholders was CNY 32.43 million, marking a turnaround from a loss[62]. - Total assets amounted to CNY 2.57 billion, down 5.29% compared to the previous year[62]. - The company reported a significant reduction in sales expenses by 79.25% to 45.98 million yuan, mainly due to the implementation of new revenue recognition standards[80]. Dividend and Capital Changes - The company plans to distribute a cash dividend of RMB 0.60 per 10 shares, totaling RMB 24.024 million, and will increase its capital stock by 3 shares for every 10 shares held, resulting in a new total of 520.52 million shares[5]. - The company's registered capital will change to RMB 520.52 million following the proposed capital increase[5]. - The company has established a cash dividend policy, proposing a cash dividend of RMB 0.60 per 10 shares, totaling RMB 24.024 million[117]. - The company plans to increase its capital stock by converting capital reserves, proposing a 3-for-10 stock increase, resulting in a new total of 520.52 million shares[117]. Audit and Compliance - The company has received a standard unqualified audit report from the accounting firm, ensuring the accuracy and completeness of the financial report[4]. - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and senior management, who assume legal responsibility for any misrepresentation[2]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties, nor any violations in decision-making procedures for external guarantees[7]. - The company has not disclosed any significant non-compliance issues regarding the annual report's authenticity and completeness[7]. - The company has not reported any significant accounting policy changes or errors during the reporting period[128]. - The internal control audit report received a standard unqualified opinion, indicating no significant deficiencies in internal controls during the reporting period[199]. Risk Management - The company has outlined potential risks in its report, advising investors to pay attention to these risks as they may impact future performance[6]. - The company has established a comprehensive risk management framework to address potential market changes affecting its strategic plans[6]. - The company faces risks related to market competition, operational challenges, and potential declines in gross margins due to price pressures[111]. Market and Business Strategy - The company plans to continue expanding its market presence and investing in new technologies[23]. - The company is a leading provider of smart banking solutions in China, focusing on financial self-service devices and leveraging financial technology and artificial intelligence to meet diverse customer needs[30]. - The company is actively implementing a strategy of "four transformations" to enhance its operational efficiency and promote the concept of "liberating humans through machines" in various sectors including finance, government, and healthcare[31]. - The company aims to transform from cash-based devices to non-cash devices, and from hardware providers to software service providers, focusing on sustainable high-quality development[95]. - The company is committed to deepening its focus on financial technology, with a strategy that includes capital operations and asset management to extend its industrial ecosystem[97]. Research and Development - R&D investments over the past three years were CNY 86.02 million, CNY 92.63 million, and CNY 101.31 million, representing 8.83%, 9.11%, and 10.97% of revenue respectively[49]. - The total R&D investment was 101.31 million yuan, accounting for 10.97% of the company's operating income, with 746 R&D personnel representing 27.85% of the total workforce[82][83]. - The R&D segment is developing solutions for open banking, unmanned bank outlets, and intelligent risk control, with a focus on technologies like facial recognition and big data analysis[105]. Corporate Governance - The company has strengthened its corporate governance structure in compliance with relevant laws and regulations[190]. - The board of directors consists of 7 members, including 3 independent directors, and has established four specialized committees[192]. - The company has not faced any significant penalties from regulatory authorities in the past three years[185]. - The company has not yet elected a new independent director, indicating a potential governance issue that may need to be addressed[171]. Social Responsibility and Community Engagement - The company actively participates in poverty alleviation efforts, contributing to the goal of building a moderately prosperous society[145]. - The company provided targeted assistance to 500 registered impoverished individuals in Hubei, contributing a total of 2 million RMB to charity efforts[146]. - The total financial input for poverty alleviation amounted to 4.55 million RMB, with 1.80 million RMB in material donations[147]. - The company has received multiple awards for its contributions to pandemic relief and social responsibility, including recognition as a national advanced private enterprise in combating COVID-19[147]. Employee and Management - The company has a total of 2,679 employees, with 2,585 in the parent company and 94 in major subsidiaries[186]. - The employee composition includes 746 technical personnel, 134 sales personnel, and 1,532 service personnel[186]. - The company has implemented a competitive compensation policy that aligns with its strategic goals and performance metrics[187]. - A comprehensive training program has been established to enhance employee skills and meet the company's strategic needs[188]. Shareholder Information - The total number of ordinary shareholders reached 29,610 by the end of the reporting period, an increase from 29,074[156]. - The largest shareholder, Hengrong Investment Group, holds 185.90 million shares, representing 46.43% of total shares[158]. - The company holds 185,900,000 shares, representing a 46.43% ownership stake[177]. - Chairman Jiang Haoran indirectly holds 148,720,000 shares through Hengrong Investment, with no changes during the year[177].

2021 年第一季度报告 公司代码：603106 公司简称：恒银科技 恒银金融科技股份有限公司 2021 年第一季度报告 1 / 19 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 8 | 2021 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 | | 本报告期末 | 上年度末 | | 本报告期末 比上年度末 | | --- | --- | --- | --- | --- | | | | 调整后 | 调整前 | | | | | | | 增减(%) | | 总资产 | 2,448,159,960.00 | 2,567,936,123.71 | 2,567,936,123.71 | -4.66 | | 归属于上市公司股 东的净资产 | 1,637,113,835.98 | 1,630,692,289.56 | 1,630,692,289.56 | 0.39 | | | 年初至报告期末 | 上年初至上年报告期末 | | 比上年同期 | | | | 调整后 | 调整前 | 增减(%) | ...

Financial Performance - Operating revenue increased by 20.67% to CNY 626,637,986.41 for the first nine months compared to the same period last year[6]. - Net profit attributable to shareholders was CNY 11,823,765.62, a significant improvement from a loss of CNY 28,751,376.15 in the previous year[6]. - The company reported a net profit margin of approximately 5.0% for the first three quarters of 2020, compared to 4.5% in the same period of 2019[23]. - The net profit for the first three quarters of 2020 was -5,033,464.02 RMB, compared to -26,632,546.43 RMB in the same period of 2019, showing an improvement[28]. - Net profit for Q3 2020 was approximately -¥7.97 million, compared to a net loss of -¥27.87 million in Q3 2019[25]. - Basic earnings per share for Q3 2020 was -¥0.0199, an improvement from -¥0.070 in Q3 2019[26]. Assets and Liabilities - Total assets decreased by 11.38% to CNY 2,402,795,961.83 compared to the end of the previous year[6]. - Total liabilities decreased to ¥411,957,231.37 from ¥734,060,981.06[16]. - Total assets as of September 30, 2020, amounted to ¥2,437,387,572.31, down from ¥2,658,813,052.89 at the end of 2019, representing a decline of 8.3%[20]. - The company's total equity increased to ¥1,612,497,918.18 in Q3 2020, compared to ¥1,596,561,726.32 in Q3 2019, reflecting a growth of 1.0%[20]. - The company’s total current assets were 2,325,575,274.37 RMB, while total non-current assets were 385,707,360.85 RMB[36]. Cash Flow - The net cash flow from operating activities was negative at CNY -387,109,763.91 for the first nine months, worsening from CNY -234,441,773.51 in the previous year[6]. - The net cash flow from operating activities for the first three quarters of 2020 was -387,109,763.91 RMB, worsening from -234,441,773.51 RMB in the same period of 2019[30]. - The total operating cash inflow for the first three quarters of 2020 was 728,013,546.42 RMB, compared to 544,354,054.82 RMB in 2019, reflecting an increase of approximately 33.8%[29]. - The total operating cash outflow for the first three quarters of 2020 was 1,115,123,310.33 RMB, compared to 778,795,828.33 RMB in 2019, which is an increase of about 43.3%[29]. - The net cash flow from investment activities improved to 113,286,495.79 RMB from 19,907,576.69 RMB, marking a significant increase of approximately 469.5%[32]. Shareholder Information - The total number of shareholders at the end of the reporting period was 31,272[11]. - The largest shareholder, Hengrong Investment Group Co., Ltd., holds 46.43% of the shares[11]. Investments and Expenditures - Long-term equity investments increased by 71.47% to ¥8,000,000.00 from ¥4,665,609.39 primarily due to investments in subsidiaries[12]. - Construction in progress rose by 70.63% to ¥51,338,453.47 from ¥30,087,551.03 due to increased investment in new factory construction[12]. - The company has ongoing construction projects valued at approximately $30.09 million[40]. Government Support - Government subsidies recognized in the first nine months amounted to CNY 6,549,873.65[9]. - Other income decreased by 68.36% to ¥12,332,447.49 from ¥38,978,264.58 primarily due to a reduction in government subsidies received[13]. Future Plans - The company has plans for market expansion and new product development in the upcoming quarters, focusing on enhancing technological capabilities[23].

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 441,745,661, representing a 44.74% increase compared to CNY 305,199,625.50 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2020 was CNY 20,604,522.33, a significant increase of 3,498.48% from CNY 572,589.28 in the previous year[19]. - The basic earnings per share for the first half of 2020 was CNY 0.0515, up 3,578.57% from CNY 0.0014 in the same period last year[20]. - The company reported a total comprehensive income for the first half of 2020 of CNY 20,604,522.33, a significant increase from CNY 572,589.28 in the first half of 2019[123]. - The company achieved an investment income of ¥23,703,149.25, up 56.13% from ¥15,181,558.21, attributed to increased financial management returns[55]. - The overall gross profit margin for the company's various businesses was 28.29%, with expectations of a declining trend due to intensified industry competition[66]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,401,479,054.80, a decrease of 9.95% from CNY 2,666,818,517.48 at the end of the previous year[19]. - The total equity attributable to shareholders at the end of the reporting period was CNY 1,618,314,935.87, a slight increase of 1.29% from CNY 1,597,710,413.54 at the end of the previous year[19]. - Total liabilities decreased from CNY 1,069,108,103.94 to CNY 783,164,118.93, a reduction of about 27%[113]. - Current liabilities decreased from CNY 727,646,504.28 to CNY 414,652,971.70, representing a decrease of approximately 43%[112]. - The company's cash and cash equivalents as of June 30, 2020, amount to ¥260,495,321.09, a decrease from ¥463,885,365.53 at the end of 2019[111]. Cash Flow - The company reported a cash flow from operating activities of CNY -370,612,781.94, indicating a negative cash flow situation[19]. - The net cash flow from operating activities was -CNY 370,612,781.94, worsening from -CNY 153,647,037.66 in the same period last year[126]. - Cash inflow from investment activities totaled CNY 1,072,757,309.15, up from CNY 986,515,568.25 in the first half of 2019, marking an increase of 8.7%[126]. - Total cash outflow from operating activities reached CNY 726,527,573.86, compared to CNY 465,833,744.34 in the first half of 2019, reflecting a 55.9% increase[126]. Market Position and Strategy - The company is a leading provider of smart banking solutions focused on financial self-service equipment, aiming to assist traditional banks in their transformation to smart banking[26]. - The market for smart banking terminals is expected to grow significantly as banks shift towards self-service and intelligent operations, with a focus on integrating cash and non-cash services[33]. - The company maintains a leading market share in the financial self-service equipment sector, particularly in cash and smart teller machines, with a continuous focus on high-quality products and comprehensive after-sales service[39]. - The company is actively pursuing a global strategy, leveraging e-commerce platforms like Alibaba to enhance online marketing and expand sales channels[48]. Research and Development - The company has invested in research and development, with expenditures of approximately 80.33 million RMB, 86.02 million RMB, and 92.63 million RMB over the past three years, representing 5.41%, 8.83%, and 9.11% of revenue respectively[42]. - The company has made significant advancements in R&D, including the industrialization of new-generation core modules and the development of various innovative applications[49]. - The company plans to increase R&D investment and improve product structure to capture the trend of smart banking upgrades[65]. Corporate Governance and Compliance - The company has committed to not engage in any business that competes directly or indirectly with its main operations, ensuring no similar products are produced[72]. - The commitment period for the company's controlling shareholder, Hengrong Investment, began on March 10, 2016, and is set to last indefinitely[72]. - The company will publicly disclose reasons for any failure to stabilize stock prices within three years post-IPO and will compensate investors for any losses incurred[79]. - The company will hire intermediaries to assess and consult on related party transactions to enhance fairness and transparency[76]. Social Responsibility - The company donated 1 million RMB to support poverty alleviation and post-epidemic recovery efforts in Hubei during the COVID-19 pandemic[85]. - The company helped 500 registered impoverished individuals to escape poverty, with a total investment of 1 million RMB in targeted poverty alleviation initiatives[87].

2019 年年度报告 公司代码：603106 公司简称：恒银金融 恒银金融科技股份有限公司 2019 年年度报告 1 / 177 2019 年年度报告 重要提示 三、 信永中和会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 四、 公司负责人江浩然、主管会计工作负责人温健及会计机构负责人（会计主管人员）云泽杨声 明：保证年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 公司2019年度利润分配预案为：公司2019年度合并报表归属于母公司的净利润为负，根据相 关法律法规及《公司章程》对利润分配政策的规定，本次公司拟不进行利润分配，亦不进行资本 公积金转增股本，未分配利润294,276,551.40元，结转至下年度。上述利润分配预案尚需提交公 司2019年年度股东大会审议。 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告内容涉及的发展战略、经营计划等前瞻性陈述受市场变化等多方面因素影响，并不构 成公司对投资者的实质承诺，请投资者注意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提 ...

2020 年第一季度报告 公司代码：603106 公司简称：恒银金融 恒银金融科技股份有限公司 2020 年第一季度报告 1 / 23 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 8 | 2020 年第一季度报告 一、 重要提示 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 单位：元 币种：人民币 | | 本报告期末 | 上年度末 | | 本报告期 | | --- | --- | --- | --- | --- | | | | 调整后 | 调整前 | 末比上年 度末增减 | | | | | | (%) | | 总资产 | 2,444,435,766.54 | 2,666,818,517.48 | 2,666,818,517.48 | -8.34 | | 归属于上市公司股东 | 1,612,328,132.17 | 1,597,710,413.54 | 1,597,710,413.54 | 0.91 | | 的净资产 | | | | | | | 年初至报告期末 | 上年初至上 ...

2019 年第三季度报告 公司代码：603106 公司简称：恒银金融 恒银金融科技股份有限公司 2019 年第三季度报告 1 / 27 2.1 主要财务数据 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 公司负责人江浩然、主管会计工作负责人温健及会计机构负责人（会计主管人员）云泽杨保 证季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 9 | 2019 年第三季度报告 3 / 27 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 调整后 调整前 增减(%) 总资产 2,340,817,189.83 2,319,056,422.38 2,318,408,183.48 0.94 归属于上市公 ...

Financial Performance - The basic earnings per share for the first half of 2019 was CNY 0.0014, a decrease of 98.76% compared to CNY 0.1132 in the same period last year[17]. - The diluted earnings per share for the first half of 2019 was also CNY 0.0014, reflecting the same percentage decrease of 98.76%[17]. - The basic earnings per share after deducting non-recurring gains and losses was CNY -0.0815, a decline of 199.03% from CNY 0.0823 in the previous year[17]. - The company's net profit attributable to shareholders decreased due to a decline in operating income[17]. - The net profit attributable to shareholders for the first half of 2019 was RMB 541,848.50, down 98.80% from RMB 45.33 million in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of RMB 32.64 million, compared to a profit of RMB 32.96 million in the same period last year, representing a decrease of 199.02%[19]. - The company's operating revenue for the first half of 2019 was approximately RMB 304.98 million, a decrease of 43.56% compared to RMB 540.35 million in the same period last year[19]. - The company's total assets decreased by 2.68% to RMB 2.26 billion from RMB 2.32 billion at the end of the previous year[19]. - The company reported a net cash flow from operating activities of negative RMB 153.68 million, compared to negative RMB 143.62 million in the same period last year[19]. - The company's overall gross margin is 29.87%, with expectations of a declining trend due to increased industry competition and potential decreases in product sales prices[51]. Research and Development - Research and development expenses increased by 16.46% to $44.26 million from $38.00 million year-on-year, indicating a focus on innovation[40]. - The company has developed core hardware technologies, achieving the highest cash handling speed and capacity in the industry with its new generation of ultra-high-speed cash recycling modules[32]. - The company has a robust software development capability, having established a wholly-owned subsidiary dedicated to software product development, enhancing its comprehensive service offerings[32]. - The company has applied for a total of 718 patents and software copyrights, with 411 granted, demonstrating its commitment to innovation and technology leadership[32]. - The company plans to enhance R&D investment and improve product structure to adapt to market trends and competition in the ATM industry[50]. Market Position and Strategy - The company is a leading provider of smart banking solutions in China, focusing on the transformation of traditional banks into smart banks through cash and non-cash intelligent products and services[24]. - The company has expanded its market presence by applying its technology to various sectors, including government, healthcare, and tourism, with new self-service devices launched in these areas[28]. - The company maintains a stable customer base, including large state-owned banks and telecommunications operators, and aims to enhance its service offerings to meet evolving market demands[24]. - The company has established a strong market presence with a diverse customer base, including six major state-owned banks and 12 national joint-stock commercial banks, enhancing its competitive advantage[31]. - The company is exploring new profit growth points in smart governance, smart healthcare, smart education, and smart transportation[51]. Financial Management and Governance - The company has adhered to strict compliance and governance practices, ensuring the protection of shareholder interests and the sustainable development of its operations[38]. - The company has not proposed any profit distribution plan or capital reserve transfer to increase share capital during the reporting period[4]. - The company will continue to strengthen its internal control systems across various departments, including finance, human resources, and R&D[52]. - The company recognizes the risks associated with macroeconomic conditions and investment returns during its investment processes[52]. - The company commits to ensuring that related party transactions do not harm the legitimate rights and interests of minority shareholders[60]. Cash Flow and Liquidity - The company reported a significant increase in other income by 52.69% to $28.96 million, attributed to increased government subsidies received[40]. - Cash and cash equivalents decreased by 49.32% to $268.13 million, primarily due to lower sales collections[42]. - The company has maintained a strong cash flow and access to various financing resources, enabling accelerated R&D in AI, robotics, and biometric recognition technologies[34]. - The net cash flow from operating activities was -$153.68 million, slightly worse than -$143.62 million in the previous year[40]. - The company reported a net increase in cash and cash equivalents of -261,771,403.09 RMB in the first half of 2019, compared to -168,593,973.10 RMB in the same period of 2018, highlighting a worsening cash position[112]. Shareholder Information - The total number of shares increased from 308,000,000 to 400,400,000 after a capital reserve conversion and cash dividend distribution of RMB 0.60 per 10 shares[79]. - The company reported a total of 46,719 common stock shareholders by the end of the reporting period[82]. - The total number of shares held by the top ten unrestricted shareholders is 185,900,000, representing a significant portion of the company's equity[86]. - The company plans to release 185,900,000 shares for trading on September 21, 2020, after a lock-up period of 36 months[86]. - The controlling shareholder and actual controller will not transfer or delegate management of their shares within 36 months from the date of listing[60]. Compliance and Legal Matters - The report has not been audited, and the management guarantees the accuracy and completeness of the financial report[6]. - There are no significant lawsuits or arbitration matters during the reporting period[63]. - The company has not disclosed any significant changes in its financial report that would lead to a non-standard audit report[63]. - The company has not made any changes to accounting policies or estimates compared to the previous accounting period[70]. Environmental and Social Responsibility - The company actively participates in targeted poverty alleviation efforts, establishing the Tianjin Hengyin Charity Foundation to support various charitable activities[67]. - The company emphasizes energy conservation and environmental protection, having obtained ISO14001 and ISO45001 certifications[70].