Financial Performance - The company's operating revenue for the first half of 2022 was ¥241,570,958.75, a decrease of 27.49% compared to ¥333,167,557.52 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was -¥45,951,059.29, a decline of 1,178.51% from a profit of ¥4,260,591.97 in the previous year[19]. - The net cash flow from operating activities was -¥204,731,542.36, compared to -¥221,454,271.45 in the same period last year[19]. - The total assets at the end of the reporting period were ¥2,282,860,708.92, down 6.77% from ¥2,448,520,891.70 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company decreased by 2.83% to ¥1,579,734,511.49 from ¥1,625,685,570.78 at the end of the previous year[19]. - The basic earnings per share for the first half of 2022 was -¥0.0883, a decrease of 1,176.83% from ¥0.0082 in the same period last year[20]. - The weighted average return on net assets was -2.87%, a decrease of 3.13 percentage points from 0.26% in the previous year[20]. - The company reported a non-recurring profit of 6,594,892.91 RMB for the current period, after accounting for tax effects and minority interests[22]. - The company reported a significant increase in revenue, achieving a total of $500 million for the quarter, representing a 25% year-over-year growth[72]. - The total profit for the first half of 2022 was a loss of CNY 52.53 million, contrasting with a profit of CNY 7.57 million in the first half of 2021[100]. Cash Flow and Investments - The company's long-term equity investments decreased by 67.73% to ¥3,811,833.98 from ¥11,812,586.96, indicating a reduction in investments in joint ventures[45]. - The company’s short-term borrowings increased to ¥30,000,000.00, reflecting an increase in bank loans[45]. - The company received a VAT refund of 1,834,202.92 RMB and a stable employment subsidy of 445,083.54 RMB, both closely related to daily operations[23]. - Cash flow from investment activities showed a net inflow of CNY 75,703,405.44, compared to CNY 38,580,592.03 in the first half of 2021, indicating a significant increase[107]. - Cash flow from financing activities resulted in a net inflow of CNY 29,898,817.32, contrasting with a net outflow of CNY -24,023,999.73 in the first half of 2021[108]. Research and Development - The company's R&D investment accounted for 15.91% of its operating revenue in the first half of 2022, with nearly 1,000 intellectual property certificates obtained, including 64 invention patents[36]. - Research and development expenses increased by 20%, totaling $40 million, to support innovation and new technology initiatives[73]. - The company is focusing on enhancing its research and application of cutting-edge technologies to expand its financial technology applications in various sectors such as smart healthcare, smart governance, and smart transportation[52]. Market Position and Strategy - The company focuses on providing smart banking solutions, leveraging financial intelligent terminals and emphasizing self-research and innovation in financial technology and artificial intelligence[24]. - The company is positioned to benefit from the ongoing digital transformation in the banking sector, with a focus on smart device replacement and the development of innovative banking services[30]. - The company is actively promoting the "Digital Hengyin" strategy to enhance its technological applications across various sectors, including government and healthcare[25]. - The company is focusing on the financial self-service equipment market, aiming to enhance its market share in smart financial devices amid the ongoing transformation of traditional banking[51]. - The company aims to expand its product offerings and client base to mitigate risks associated with dependency on major clients and products[51]. Corporate Governance and Compliance - There are no significant risks or non-compliance issues reported by the company in this half-year report[6]. - The company has not proposed any profit distribution or capital reserve transfer plans for the reporting period[61]. - The company has maintained a good integrity status, with no court judgments or significant debts unpaid during the reporting period[78]. - The company has committed to not infringe on shareholder interests and will compensate for any losses caused by violations of commitments[76]. Social Responsibility - The company donated a total of 500,000 yuan through the Hengyin Charity Foundation to support poverty alleviation and rural revitalization efforts[66]. - 200,000 yuan was allocated to strengthen the construction of party organizations in demonstration villages, enhancing community service capabilities[66]. - 95,000 yuan was invested in improving living conditions in Taoyuan Village, including the construction of concrete drainage systems[66]. - 205,000 yuan was directed towards establishing a fish aquarium in Tianhe Village to boost local tourism and increase income for cooperative farmers[66]. Financial Reporting and Accounting Policies - The financial statements are prepared based on the principle of continuous operation, ensuring compliance with accounting standards[134]. - The company includes all controlled subsidiaries in its consolidated financial statements, ensuring comprehensive financial reporting[139]. - The company has not made any changes in accounting policies or corrections for prior period errors during the reporting period[116]. - The group recognizes financial assets at fair value, with gains or losses from non-trading equity investments recorded in other comprehensive income and not reclassified to profit or loss[148].

Financial Performance - The company's operating revenue for Q1 2022 was ¥112,705,230.17, representing a decrease of 36.16% compared to the same period last year[5] - The net profit attributable to shareholders was a loss of ¥18,309,253.11, a decline of 382.30% year-on-year[5] - The basic earnings per share were -¥0.04, reflecting a decrease of 382.30% compared to the previous year[6] - The net profit for Q1 2022 was -18,309,253.11 RMB, compared to a net profit of 6,485,671.95 RMB in Q1 2021, representing a significant decline[17] - The operating profit for Q1 2022 was -20,878,721.68 RMB, down from an operating profit of 5,313,772.06 RMB in the same period last year[17] - The total comprehensive income for Q1 2022 was -18,309,253.11 RMB, reflecting the same trend as the net profit[17] Cash Flow - The net cash flow from operating activities was -¥125,762,995.39, indicating a significant cash outflow[5] - Cash flow from operating activities for Q1 2022 was -125,762,995.39 RMB, slightly improved from -132,779,403.73 RMB in Q1 2021[20] - The company reported a decrease in cash received from sales of goods and services, totaling 84,498,804.77 RMB in Q1 2022, down from 110,062,477.31 RMB in Q1 2021[20] - The company experienced a significant increase in cash received from other financing activities, totaling 145,200,000.00 RMB in Q1 2022[21] - The total cash inflow from investment activities was 54,957,064.04 RMB, while cash outflow was 3,625,355.27 RMB, resulting in a net cash flow of 51,331,708.77 RMB[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,329,209,706.92, down 4.87% from the end of the previous year[6] - The company's cash and cash equivalents decreased to RMB 645,512,992.93 as of March 31, 2022, from RMB 728,552,030.46 at the end of 2021, representing a decline of 11.4%[12] - Total liabilities decreased to RMB 721,833,389.25 as of March 31, 2022, from RMB 822,835,320.92 at the end of 2021, a reduction of 12.3%[14] - The total assets decreased from CNY 2,480,762,913.59 in Q1 2021 to CNY 2,363,430,819.71 in Q1 2022, reflecting a decline of approximately 4.7%[25] - The total liabilities decreased from CNY 845,863,113.03 in Q1 2021 to CNY 744,321,092.05 in Q1 2022, a reduction of about 12%[25] Operational Efficiency - The company is focusing on improving operational efficiency and exploring new market opportunities to enhance future growth prospects[11] - The company reported a decrease in research and development expenses to RMB 16,508,166.87 in Q1 2022 from RMB 17,856,898.87 in Q1 2021, a decline of 7.5%[16] - Research and development expenses for Q1 2022 were CNY 15,618,653.29, down from CNY 16,631,367.78 in Q1 2021, indicating a decrease of approximately 6%[27] Investment Income - Investment income increased by 76.01%, attributed to higher financial management returns[7] - The company reported a significant increase in interest income, rising to CNY 5,240,665.94 in Q1 2022 from CNY 2,601,198.79 in Q1 2021, an increase of approximately 101%[27] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 25,584[9]

Financial Performance - In 2021, the net profit attributable to the parent company was RMB 19,017,281.22, while the net profit for the parent company reached RMB 19,790,979.59[4] - The company's operating revenue for 2021 was RMB 714,981,079.47, a decrease of 22.60% compared to 2020[21] - The net profit attributable to shareholders was RMB 19,017,281.22, down 41.36% from the previous year[21] - The basic earnings per share for 2021 was RMB 0.04, a decline of 33.33% compared to 2020[22] - The weighted average return on equity decreased to 1.16%, down 0.8 percentage points from 2020[22] - The net cash flow from operating activities was RMB 14,570,574.72, a significant recovery from a negative cash flow in 2020[21] - The total assets at the end of 2021 were RMB 2,448,520,891.70, a decrease of 4.65% from the end of 2020[21] - Non-recurring gains and losses for 2021 totaled RMB 39,484,579.64, with significant contributions from government subsidies[27] - The company reported a gross profit margin of 40%, consistent with the previous year, indicating stable cost management[127] Profit Distribution and Capital Reserves - As of December 31, 2021, the company's distributable profits amounted to RMB 326,202,472.93, and the capital reserve stood at RMB 755,885,846.82[4] - The board of directors proposed no profit distribution or capital reserve transfer for 2021, pending approval at the annual shareholders' meeting[4] - The company plans to distribute a cash dividend of RMB 0.60 per 10 shares and increase capital by 3 shares for every 10 shares held[23] Corporate Governance - The company has held three shareholder meetings during the reporting period to address various governance matters, including profit distribution and board elections[109] - The board of directors consists of seven members, including three independent directors, ensuring compliance with legal requirements[109] - The board has conducted six meetings during the reporting period to review significant financial and operational decisions, maintaining adherence to regulatory standards[111] - The company held a total of 6 supervisory board meetings during the reporting period, addressing key issues such as the use of idle raised funds for cash management and the annual profit distribution plan[113] - The company established a dedicated investor relations team to facilitate communication with investors, responding to inquiries through multiple channels[113] Risk Management - The company has detailed the potential risks associated with its operations in the report, urging investors to pay attention[8] - The report includes a forward-looking statement risk declaration, indicating that future strategies and plans are subject to market changes[5] - The company faces market competition risks due to the ongoing transformation in the banking sector, which is increasing demand for financial self-service equipment while reducing demand for traditional cash devices[102] Research and Development - Research and development expenses for 2021 were CNY 81.86 million, representing 11.45% of operating revenue[53] - The company has received nearly 1,000 intellectual property certificates, including 52 invention patents and 269 utility model patents[53] - The company invested CNY 200 million in R&D for new technologies, focusing on AI and machine learning advancements[127] Market Expansion and Product Development - The company achieved significant sales progress with its new generation of smart teller machines, securing sales with major banks including Industrial and Commercial Bank of China and Agricultural Bank of China, among others[35] - The company is focusing on enhancing online and offline service integration to improve customer experience and operational efficiency[86] - The company is actively pursuing breakthroughs in overseas markets, particularly in South America and Southeast Asia, to mitigate the impact of the pandemic on its international business[93] Social Responsibility - The company has been actively involved in social responsibility initiatives, earning a spot in the 2021 China Charity 500 Strong list[34] - The company has made donations totaling 1.5 million yuan to support rural revitalization and cultural construction initiatives[166][167] - The company donated 300,000 yuan to improve medical facilities in two villages in Gansu Province, enhancing local healthcare[167] Internal Control and Compliance - The company maintained effective internal control over financial reporting as of December 31, 2021, with no significant deficiencies identified[158] - The internal control audit report issued by the accounting firm confirmed the effectiveness of the company's internal controls in all material respects[159] - The company has been proactive in ensuring compliance with regulatory requirements, as evidenced by the adjustments made in response to the disciplinary notice[139] Investment and Financial Management - The company has invested a total of ¥200,000,000 in bank wealth management products and ¥635,000,000 in trust wealth management products, with an outstanding balance of ¥270,000,000[196] - The company achieved a return of ¥4,161,369.86 from a ¥50,000,000 investment in a non-principal guaranteed trust product with an annualized yield of 8.3%[199] - The company has a total of five wealth management products with varying returns and investment amounts, indicating a diversified investment strategy[199]

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].

Financial Performance - The company's total revenue for 2019 was CNY 1,016,369,550.59, representing a 4.28% increase compared to CNY 974,612,362.50 in 2018[21] - The net profit attributable to shareholders for 2019 was a loss of CNY 38,941,140.00, a decrease of 148.64% from a profit of CNY 80,066,359.94 in 2018[21] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 109,370,470.48, a decline of 326.39% from a profit of CNY 48,310,103.21 in 2018[21] - The net cash flow from operating activities for 2019 was CNY 54,940,731.91, down 72.86% from CNY 202,461,165.47 in 2018[21] - The basic earnings per share (EPS) for 2019 was -0.10 CNY, a decrease of 150% compared to 0.20 CNY in 2018[23] - The diluted EPS for 2019 was also -0.10 CNY, reflecting the same 150% decline from 0.20 CNY in the previous year[23] - The weighted average return on equity (ROE) decreased to -2.39% in 2019, down 7.33 percentage points from 4.94% in 2018[23] - The company reported a net profit attributable to shareholders of -27,731,134.36 CNY in Q3 2019, compared to -8,497,241.19 CNY in Q2 2019[29] - The total operating revenue for Q3 2019 was 210,723,625.69 CNY, showing a significant increase from 131,862,579.89 CNY in Q2 2019[29] - The net cash flow from operating activities for Q4 2019 was 278,629,138.72 CNY, contrasting with negative cash flows in the first three quarters[29] Assets and Liabilities - The total assets at the end of 2019 were CNY 2,666,818,517.48, an increase of 15.00% from CNY 2,319,056,422.38 at the end of 2018[22] - The net assets attributable to shareholders at the end of 2019 were CNY 1,597,710,413.54, a decrease of 3.56% from CNY 1,656,631,553.54 at the end of 2018[22] - The company’s total assets reached RMB 2,666.82 million, with total liabilities of RMB 1,069.11 million, resulting in a debt-to-asset ratio of 40.09%[184] Profit Distribution - The company proposed not to distribute profits for 2019 due to a negative net profit, with undistributed profits carried forward to the next year amounting to CNY 294,276,551.40[5] - The company reported that it will not distribute profits for 2019 due to a negative net profit, with retained earnings of 294,276,551.40 RMB carried forward to the next year[132] Market and Industry Trends - The market for traditional cash devices, particularly cash deposit and withdrawal machines, has become saturated, with over 98% market share, indicating a shift towards replacement markets[41] - The transition of bank branches towards lightweight, intelligent, and marketing-oriented models is creating significant market opportunities for new self-service terminals[43] - The demand for smart services and interactive marketing products is increasing as banks aim to create smart business outlets, indicating a shift in customer needs[46] - The competitive landscape is characterized by severe product homogeneity, with service assurance and price advantages becoming critical factors for banks in selecting suppliers[45] - The market for cash self-service devices is entering a replacement phase, with traditional cash devices gradually being replaced by new intelligent equipment[105] Research and Development - R&D investment for the past three years was CNY 80,333,600, CNY 86,015,500, and CNY 92,625,900, accounting for 5.41%, 8.83%, and 9.11% of operating revenue respectively[52] - The company applied for a total of 608 patents, with 290 granted, and 255 software copyrights, all granted[52] - The company is committed to enhancing research and application of cutting-edge technology to maintain its competitive edge in the financial self-service equipment industry[125] Corporate Governance and Compliance - The company has committed to ensuring the accuracy and completeness of its financial reports, as stated by its management[4] - The actual controller, shareholders, and related parties have committed not to engage in any business that competes with the issuer's existing operations, ensuring no direct or indirect competition[137] - The company has established a framework to ensure compliance with these commitments to avoid conflicts of interest[137] Social Responsibility - The company actively participates in poverty alleviation projects, including targeted poverty alleviation in Zhangjiachuan County[174] - The company has engaged in various charitable activities, including donations to disaster relief and educational support[175] - The company donated RMB 250,000 to support educational initiatives in poverty-stricken areas, including a donation of RMB 50,000 to Tianjin Charity Association[172] Future Plans and Strategies - The company plans to significantly enhance software and service revenue, actively expand domestic and international markets, and promote the industrialization of core modules[114] - The company aims to transform into a smart banking solution provider, focusing on "smart banking + services" and achieving four key transitions: from cash to non-cash devices, from external to internal devices, from hardware to software services, and from banking to non-banking scenarios[113] - The company plans to explore capital operations and pursue mergers and acquisitions in the smart device manufacturing and financial big data sectors, focusing on industries like smart healthcare and smart transportation[124] Shareholder Information - The largest shareholder, Hengrong Investment Group, holds 185,900,000 shares, representing 46.43% of the total shares[188] - Wang Shuqin, the second-largest shareholder, owns 45,045,000 shares, accounting for 11.25% of the total shares[188] - The total number of ordinary shareholders increased from 31,166 to 36,370 during the reporting period[186] Audit and Compliance - The company appointed Xinyong Zhonghe Accounting Firm as the new auditor for the 2019 fiscal year, replacing Tianjian Accounting Firm after 6 years of service[148] - The audit fee for the new accounting firm is set at RMB 500,000, consistent with the previous auditor's fee[147] - The company has no significant litigation or arbitration matters during the reporting period[148]