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 ...

Financial Performance - Operating revenue for the first nine months was CNY 515,698,885.34, a decrease of 25.77% year-on-year [5]. - Net profit attributable to shareholders was a loss of CNY 27,189,285.86, representing a decline of 154.38% compared to the same period last year [5]. - Basic and diluted earnings per share were both CNY -0.0679, a decrease of 154.36% year-on-year [6]. - Total profit for the first three quarters of 2019 was a loss of approximately 29.21 million, compared to a profit of 59.98 million in the same period of 2018 [29]. - Net profit for Q3 2019 was a loss of approximately 27.75 million, compared to a profit of 4.74 million in Q3 2018, indicating a significant decline [29]. - The company reported a net profit margin decline, with undistributed profits at CNY 310,023,312.10 compared to CNY 353,252,137.90, a decrease of approximately 12.2% [26]. Cash Flow - The net cash flow from operating activities for the first nine months was a negative CNY 223,688,406.81, compared to a negative CNY 158,860,295.31 in the previous year [5]. - The net cash flow from operating activities for the first three quarters of 2019 was a negative ¥223.69 million, worsening from a negative ¥158.86 million in the same period of 2018 [39]. - Cash inflow from investment activities for the first three quarters of 2019 was approximately ¥1.36 billion, down from ¥1.83 billion in the same period of 2018 [39]. - The cash flow from financing activities showed a net outflow of -18,471,065.88 RMB in 2019, compared to -7,223,462.84 RMB in 2018, indicating a worsening financing position [43]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 2,340,817,189.83, an increase of 0.94% compared to the end of the previous year [5]. - The company's cash and cash equivalents decreased by 40.27% from CNY 529,660,863.34 at the beginning of the year to CNY 316,373,840.43 [14]. - The total current assets decreased from CNY 2,022,674,514.69 to CNY 1,982,910,061.27, indicating a slight contraction in overall liquidity [19]. - Current liabilities totaled CNY 462,886,045.89, up from CNY 395,961,956.58, representing an increase of about 16.8% [25]. - Total liabilities increased to CNY 730,252,019.60 from CNY 662,222,275.11, representing an increase of about 10.3% [25]. - Owner's equity decreased to CNY 1,612,972,621.55 from CNY 1,656,186,000.04, showing a decline of approximately 2.6% [26]. Investments and Expenses - The company reported a substantial increase in construction in progress, which surged by 1,748.06% to CNY 19,419,976.58, reflecting increased investment in production facilities [14]. - Research and development expenses for Q3 2019 were approximately 21.99 million, compared to 20.08 million in Q3 2018, reflecting a 9.5% increase [28]. - The company experienced a significant increase in sales expenses, which rose to approximately 50.68 million in Q3 2019 from 28.01 million in Q3 2018, a 80.9% increase [28]. - The company reported an investment income of approximately 11.14 million in Q3 2019, compared to 7.81 million in Q3 2018, marking a 42.5% increase [28]. Shareholder Information - The total number of shareholders at the end of the reporting period was 40,659 [11]. - The company reported a total of CNY 17,426,437.64 in non-recurring gains and losses for the first nine months [10].

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].

Financial Performance - Operating revenue fell by 47.94% to CNY 173,112,679.76 year-on-year[5] - Net profit attributable to shareholders decreased by 71.58% to CNY 9,039,089.69 compared to the same period last year[5] - Basic earnings per share dropped by 72.73% to CNY 0.03 compared to the previous year[5] - The company reported a significant increase in non-recurring losses, with a net loss attributable to shareholders after excluding non-recurring items of CNY -13,572,714.61[5] - The company's operating revenue for Q1 2019 was CNY 173,112,679.76, a decrease of 48% compared to CNY 332,553,972.11 in Q1 2018[28] - The net profit for Q1 2019 was CNY 9,604,095.59, down from CNY 31,806,380.89 in the same period last year, representing a decline of approximately 70%[29] - The total profit for Q1 2019 was CNY 12,344,368.21, down from CNY 37,749,904.10 in Q1 2018, reflecting a decline of about 67%[29] - The company's operating profit for Q1 2019 was CNY 12,354,614.91, compared to CNY 34,999,394.91 in Q1 2018, a decrease of approximately 64%[28] Cash Flow and Liquidity - The net cash flow from operating activities improved to CNY -65,168,349.55 from CNY -126,872,615.94 year-on-year[5] - Cash and cash equivalents decreased by 56.13% to ¥232,111,046.68 from ¥529,039,428.60 due to lower sales receipts and investment in financial products[11] - The cash flow from operating activities in Q1 2019 was CNY 115,110,339.10, down from CNY 145,574,177.13 in Q1 2018, a decrease of about 21%[32] - The net cash flow from operating activities was -¥63,660,886.90, compared to -¥126,872,615.94 in the same quarter last year, showing an improvement[37] - The total cash outflow from operating activities was ¥228,276,773.31, compared to ¥311,433,173.59 in the previous year, indicating a reduction in cash outflows[37] - The company experienced a net decrease in cash and cash equivalents of -¥287,420,557.37, compared to -¥124,166,121.87 in the same quarter last year[38] Assets and Liabilities - Total assets decreased by 1.84% to CNY 2,275,757,663.38 compared to the end of the previous year[5] - Total liabilities decreased to CNY 610,385,412.21 in Q1 2019 from CNY 662,222,275.11 in Q1 2018, a reduction of 7.83%[21] - Accounts receivable increased to CNY 470,911,955.83 in Q1 2019 from CNY 434,617,940.53 in Q1 2018, reflecting a growth of 8.33%[20] - The company reported a decrease in cash and cash equivalents to CNY 230,139,946.90 from CNY 528,428,886.75 year-over-year[19] - The total assets as of March 31, 2019, were CNY 2,276,175,507.84, a decrease from CNY 2,318,408,275.15 at the end of 2018[20] Shareholder Information - The total number of shareholders reached 33,374 by the end of the reporting period[8] - The largest shareholder, Hengrong Investment Group, holds 46.43% of the shares[9] Government Support and Other Income - The company received government subsidies amounting to CNY 22,442,162.73 during the reporting period[7] - Other income surged by 229.01% to ¥26,443,945.13 from ¥8,037,321.72, largely due to increased government subsidies received[12] - The company reported other income of CNY 26,443,945.13 in Q1 2019, significantly higher than CNY 8,037,321.72 in Q1 2018, an increase of approximately 229%[28] Operating Costs and Expenses - Operating costs decreased by 45.36% to ¥123,617,301.18 from ¥226,231,828.97, reflecting the decline in operating revenue[12] - Research and development expenses for Q1 2019 were CNY 22,467,670.87, slightly down from CNY 24,543,997.04 in Q1 2018[24] - The company incurred a total of CNY 123,617,301.18 in operating costs for Q1 2019, down from CNY 226,231,828.97 in Q1 2018, reflecting a decrease of approximately 45%[28]

Financial Performance - The company's operating revenue for 2018 was ¥974,307,724.45, a decrease of 34.35% compared to ¥1,484,155,291.00 in 2017[23]. - The net profit attributable to shareholders for 2018 was ¥80,188,691.37, down 46.26% from ¥149,212,459.42 in 2017[23]. - The basic earnings per share for 2018 was ¥0.26, a decline of 56.67% from ¥0.60 in 2017[24]. - The total assets at the end of 2018 were ¥2,318,408,183.48, a slight decrease of 0.61% from ¥2,332,713,082.84 in 2017[23]. - The net cash flow from operating activities for 2018 was ¥202,606,356.98, down 5.62% from ¥214,661,149.07 in 2017[23]. - The weighted average return on equity for 2018 was 4.95%, a decrease of 10.24 percentage points from 15.19% in 2017[24]. - The net profit after deducting non-recurring gains and losses for 2018 was ¥48,310,103.21, a decrease of 66.03% from ¥142,219,776.60 in 2017[23]. - The company reported a revenue of CNY 974.31 million for the year, a decrease of 34.35% compared to the previous year[58]. - The net profit attributable to shareholders was CNY 80.19 million, down 46.26% year-on-year[58]. - Total assets decreased by 0.61% year-on-year, amounting to CNY 2,318.41 million[58]. Dividend and Capital Changes - The profit distribution plan for 2018 includes a cash dividend of RMB 0.60 per 10 shares, totaling RMB 18.48 million, with no stock dividends proposed[5]. - The company's total share capital will increase to 40,040,000 shares after a capital reserve conversion of 3 shares for every 10 shares held[5]. - The registered capital of the company is set to change to RMB 400.40 million following the proposed capital increase[5]. - The company plans to distribute cash dividends of ¥0.25 per share for the 2017 fiscal year[25]. - The total share capital increased from 280 million shares to 308 million shares following a profit distribution plan, which included a cash dividend of RMB 0.25 per 10 shares and a capital reserve conversion of 1 share for every 10 shares held[175]. Audit and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[4]. - The company is committed to ensuring the accuracy and completeness of the financial report, with all board members present at the meeting[8]. - There were no significant accounting errors or changes in accounting policies that affected the financial statements during the reporting period[129]. - The company has established measures to protect the rights of minority shareholders in related party transactions[124]. Market and Industry Insights - The company operates in the financial technology sector, focusing on self-service banking equipment and solutions[11]. - The company is a leading provider of smart banking solutions centered around financial self-service devices, focusing on cash and non-cash products, payment security technologies, and services to support the transformation of traditional banks into smart banks[34]. - The competitive landscape is characterized by severe product homogeneity and price wars, impacting the long-term health of the industry[39]. - The domestic ATM market is experiencing severe price competition and product homogeneity, with the market entering a low-profit era[87]. - The trend towards smart banking is driving the demand for new self-service devices, with an estimated 220,000 bank branches needing upgrades[95]. Research and Development - R&D investment over the past three years amounted to approximately 62.21 million, 80.33 million, and 86.02 million RMB, representing 5.32%, 5.41%, and 8.83% of revenue respectively[45]. - The company has applied for a total of 655 patents and software copyrights, with 376 granted[45]. - The company has established a research institute to enhance its R&D capabilities, focusing on autonomous innovation and product upgrades[52]. - The company is focusing on the development of integrated smart devices that combine cash and non-cash services to enhance banking resource allocation[95]. Customer and Supplier Relations - The company has established a stable customer base, including large state-owned commercial banks and nationwide joint-stock commercial banks, resulting in a steady increase in sales of financial self-service devices[34]. - The top five customers contributed 705.37 million yuan in sales, accounting for 72.40% of total annual sales[73][75]. - The top five suppliers accounted for 41.45% of total annual purchases, with total procurement amounting to 192.04 million yuan[73][76]. Corporate Governance and Shareholder Commitments - The company has committed to not engaging in any business that competes with its main operations, both directly and indirectly, as of the date of the commitment letter[120]. - The commitment includes a guarantee that if any competitive business is identified, the company will promptly transfer or terminate such business activities[120]. - The company has pledged to use shareholder rights legally and reasonably, without restricting the normal operations of the issuer[122]. - The company will ensure that any future business ventures will not involve similar activities to those of the issuer[120]. - The company has committed to minimizing and regulating related party transactions, adhering to market pricing principles[122]. Social Responsibility and Environmental Commitment - The company initiated the Tianjin Hengyin Charity Foundation to enhance its corporate social responsibility and brand image[58]. - The company emphasizes environmental protection and has obtained ISO14001 and OHSAS18001 certifications for its environmental management systems[169]. - The company is focused on creating economic value while promoting harmony between employees, society, and nature[168]. - The company has a commitment to strict compliance with environmental laws and regulations as part of its corporate responsibility[168]. Executive Compensation and Shareholding Changes - Chairman Jiang Haoran received a pre-tax compensation of CNY 516,000 during the reporting period[197]. - The total pre-tax compensation for the reporting period for all listed executives was CNY 461,420[198]. - The total number of shares held by all executives at the beginning of the year was 6,100,000, increasing to 6,497,500 by year-end, a net increase of 397,500 shares[198]. - The company experienced a capital reserve conversion, impacting shareholding changes among executives[197].

2018 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 2018 年第三季度报告 1 / 15 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 9 | 2018 年第三季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人江浩然、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 2.1 主要财务数据 3 / 15 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 2,133,496,338.74 2,332,713,082.84 -8.54 归属于上市公司股 东的净资产 1 ...

Financial Performance - The company's operating revenue for the first half of 2018 was RMB 540,350,748.02, a decrease of 27.87% compared to RMB 749,095,475.40 in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2018 was RMB 45,331,998.55, down 49.28% from RMB 89,370,215.47 in the previous year[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 32,959,463.06, a decline of 61.49% compared to RMB 85,580,153.70 in the same period last year[21]. - The basic earnings per share for the first half of 2018 was RMB 0.15, a decrease of 61.54% from RMB 0.39 in the same period last year[22]. - The diluted earnings per share for the first half of 2018 was also RMB 0.15, reflecting the same percentage decrease of 61.54% compared to the previous year[22]. - The weighted average return on net assets for the first half of 2018 was 2.82%, down 8.68 percentage points from 11.50% in the same period last year[22]. - The total assets at the end of the reporting period were RMB 2,132,999,300.90, a decrease of 8.56% from RMB 2,332,713,082.84 at the end of the previous year[22]. - The net cash flow from operating activities for the first half of 2018 was negative at RMB -143,615,350.57, compared to RMB -120,110,508.50 in the same period last year[21]. - The company reported a total comprehensive income of CNY 149,212,459.42 for the current period, contributing to the overall increase in equity[128]. Market Position and Strategy - The company is a leading manufacturer of financial self-service equipment and smart banking solutions, focusing on cash and non-cash products[27]. - The company has established stable partnerships with major financial institutions, resulting in an increasing sales volume of self-service devices and a steady rise in market share[27]. - The company aims to support banks in their transition to smart banking, enhancing operational efficiency and user experience[27]. - The company is positioned to capitalize on the growing demand for inclusive financial services in rural areas, with significant market opportunities[34]. - The domestic market for cash self-service devices is dominated by domestic brands, with over 80% market share, and the top two companies hold more than 50% of the market[37]. - The company has a continuous increase in market share, currently ranking second among domestic ATM manufacturers[40]. - The company aims to expand its market presence by entering supply agreements with 10 national joint-stock banks, 27 provincial rural credit cooperatives, and over 100 city commercial banks[51]. - The company is actively pursuing international market channels, significantly increasing its international business scale[51]. Research and Development - The company has obtained 193 patents and 153 software copyrights as of June 30, 2018, showcasing its strong R&D capabilities[43]. - The company is focusing on integrating emerging technologies such as artificial intelligence, big data, and blockchain into its products to enhance competitiveness[37]. - Research and development expenses increased by 26.46% to ¥38,002,526.16 from ¥30,051,333.01, indicating a focus on innovation[59]. - The company is committed to maintaining technological leadership by establishing a research institute and participating in the formulation of national standards[43][52]. Operational Challenges and Risks - The company has indicated potential risks in its operations, which investors should be aware of as detailed in the report[8]. - The overall industry is facing a decline in profit levels due to increased competition and price drops, leading to a shift towards a micro-profit period[37]. - The company is facing risks related to customer concentration, as its main clients are banks, which could impact operations if demand shifts[65]. - The company is committed to strengthening its governance and cost management to seek new profit growth points amid industry challenges[64]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 31,774[96]. - The largest shareholder, Hengrong Investment Group, held 143,000,000 shares, representing 46.43% of total shares[98]. - Wang Shuqin, the second-largest shareholder, held 34,650,000 shares, accounting for 11.25% of total shares[98]. - The total number of shares released from restrictions during the reporting period was 21,000,000 shares[95]. - The company has a total of 143,000,000 restricted shares held by Hengrong Investment Group, which will become tradable on September 21, 2020, after a 36-month lock-up period[100]. Compliance and Governance - The actual controller and shareholders have committed to not engaging in any competing business with the company[74]. - The commitment to avoid any direct or indirect competition with the company's main business is ongoing and long-term[74]. - The company has ensured compliance with market pricing principles for any unavoidable related party transactions[76]. - The integrity status of the company and its controlling shareholders is good, with no unfulfilled court judgments or significant debts due[82]. - The report confirms that there were no stock option grants to directors, supervisors, or senior management during the reporting period[106]. Financial Management - The company is actively managing fundraising projects to ensure effective use of raised capital and improve returns for investors[54]. - The company has implemented specific accounting policies for bad debt provisions, fixed asset depreciation, and revenue recognition[127]. - The company recognizes provisions for liabilities when obligations arise from guarantees, lawsuits, or product quality assurances, and the amounts can be reliably measured[166]. - The company has a tax rate of 15% for corporate income tax, benefiting from high-tech enterprise status, which is valid until December 31, 2018[177].

2018 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 2018 年第一季度报告 1 / 12 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 8 | 2018 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 非经常性损益项目和金额 √适用 □不适用 单位：元 币种：人民币 3 / 12 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 2,203,254,832.09 2,332,713,082.84 -5.55 归属于上市公司 股东的净资产 1,614,803,594.14 1,582,997,213.25 2.01 年初至报告期末 上年初至上年报告期末 比上年同期增减(%) 经营活动产生的 现金流量净额 -126,872,615.94 -202,309,593.43 -37.29 年初至报告期末 上年初至上年报告期末 比上年同期增减（%） 营业收入 332,553,972.11 373,312,132. ...

Financial Performance - The company's operating revenue for 2017 was CNY 1,484,155,291, representing a year-on-year increase of 26.99%[23]. - The net profit attributable to shareholders for 2017 was CNY 149,212,459, an increase of 3.69% compared to the previous year[23]. - The net cash flow from operating activities increased by 125.06% year-on-year, reaching CNY 214,661,149[23]. - The total assets at the end of 2017 amounted to CNY 2,332,713,082.84, reflecting a growth of 25.89% from the previous year[23]. - The net assets attributable to shareholders grew by 116.07% year-on-year, totaling CNY 1,582,997,213.25[25]. - The basic earnings per share for 2017 was CNY 0.66, a decrease of 4.35% compared to 2016[24]. - The weighted average return on equity for 2017 was 15.19%, down by 6.59 percentage points from the previous year[24]. - The company achieved operating revenue of CNY 1,484,155,291, representing a year-on-year growth of 26.99%[57]. - The net profit attributable to shareholders was CNY 149,212,500, reflecting a year-on-year increase of 3.69%[57]. - Total assets reached CNY 2,332,713,100, marking a year-on-year growth of 25.89%[57]. Dividend and Capital Structure - The profit distribution plan for 2017 proposes a cash dividend of RMB 0.25 per 10 shares, totaling RMB 7 million, with no stock bonus[5]. - The company's registered capital will increase to RMB 308 million after a capital reserve conversion of 1 share for every 10 shares held[5]. - The company distributed cash dividends of RMB 0.25 per 10 shares, totaling RMB 7 million, based on a net profit of RMB 149.21 million for the year[112]. Audit and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[4]. - The financial report guarantees the authenticity, accuracy, and completeness of the annual report by the board of directors and senior management[8]. - The audit report confirmed that the financial statements fairly represent the company's financial position as of December 31, 2017[189]. - The audit firm aims to obtain reasonable assurance that the financial statements are free from material misstatement due to fraud or error[197]. - The audit procedures include identifying and assessing risks of material misstatement and evaluating the appropriateness of accounting policies used by management[198]. Market and Industry Position - The company operates in the financial technology sector, focusing on self-service banking equipment[14]. - The company maintains a strong market position with a market share of 2nd in the domestic market for cash self-service devices, driven by a multi-layered customer base including major state-owned banks and telecom operators[42]. - The competitive landscape is characterized by severe product homogeneity and intense price competition, leading to a micro-profit era in the industry[38]. - The domestic ATM market is entering a phase of price competition dominated by domestic brands, with a market concentration exceeding 50% for the top two suppliers[88]. - The company has established stable partnerships with major financial institutions, contributing to a steady increase in sales of financial self-service equipment[33]. Research and Development - R&D investments over the past three years were CNY 60.76 million, CNY 62.21 million, and CNY 80.33 million, representing 6.66%, 5.32%, and 5.41% of revenue respectively, highlighting the company's commitment to innovation[51]. - The company has developed new products in the fields of artificial intelligence and biometric recognition, enhancing the security of its self-service devices[52]. - The company plans to enhance its R&D capabilities by establishing the Hengyin Financial Research Institute and focusing on the development of smart banking solutions and non-cash intelligent terminals[98]. Operational Efficiency - Operating costs increased by 34.00% to CNY 978,291,188.90, primarily due to the rise in total revenue[59]. - The company reported a significant reduction in short-term loans, decreasing from CNY 272.5 million at the end of the previous period to CNY 0, marking a 100% decrease[1]. - The company reported a continuous growth in maintenance service revenue, which helps to alleviate the decline in overall gross margin[107]. - The company anticipates that the competition in the ATM industry will intensify, prompting a need for high-quality service and cost-effective products[105]. Corporate Governance - The company has a robust governance structure, complying with relevant laws and regulations, and has developed various internal management systems[177]. - The company has established a performance evaluation system for senior management, linking their compensation directly to performance metrics[185]. - The company has implemented strict information disclosure management systems to ensure transparency and compliance with regulations[180]. - The company has established measures to ensure that directors and senior management do not transfer more than 25% of their shares annually during their tenure[120]. Strategic Initiatives - The company is actively exploring international markets, with successful supply agreements in Taiwan and testing in Iran and Bangladesh, as well as signing agency agreements for India and Nigeria[55]. - The company aims to deepen its focus on smart banking products and expand its market share by targeting traditional banks' transition to smart banking, with a goal to supply major state-owned banks[96]. - The company is exploring potential acquisitions to further enhance its product offerings and market presence[165]. Employee and Stakeholder Engagement - The company has established a comprehensive compensation policy to ensure competitive salary levels based on market standards and company performance[174]. - The company has implemented a systematic training program to enhance employee skills in line with its strategic development needs[175]. - The company has actively fulfilled its social responsibilities, contributing nearly 100 million RMB in various taxes and providing numerous job opportunities[136]. Financial Management - The company has entrusted a total of CNY 557,810,000 in financial management products, with no overdue amounts[128]. - The company has invested CNY 30,000,000 in guaranteed principal financial products with an annualized return of 2.80%[130]. - The company has also invested CNY 60,000,000 in non-guaranteed financial products with an annualized return of 3.80%[130].

Financial Performance - Operating revenue for the first nine months reached CNY 1,099,309,269.37, a 28.88% increase year-on-year[6] - Net profit attributable to shareholders was CNY 123,419,990.86, reflecting a 3.27% increase compared to the same period last year[6] - Year-to-date operating revenue for the first nine months of 2017 was ¥1,099,309,269.37, up 29% from ¥852,946,036.97 in the same period last year[22] - Year-to-date net profit for the first nine months of 2017 was ¥123,419,990.86, an increase of 3.8% from ¥119,511,181.83 in the same period last year[24] - Net profit for Q3 2017 was ¥34,001,346.34, a decrease of 11.6% compared to ¥38,397,613.68 in Q3 2016[24] Assets and Liabilities - Total assets increased by 14.58% to CNY 2,123,094,155.94 compared to the end of the previous year[6] - Total liabilities as of the end of Q3 2017 amounted to ¥565,889,411.25, a decrease from ¥1,120,311,522.11 in the previous year[20] - Current liabilities decreased significantly by 63.06% to ¥365,914,894.97 from ¥990,468,998.89, reflecting improved liquidity management[19] - Cash and cash equivalents increased by 32.52% to ¥584,278,643.43 from ¥440,882,701.92, primarily due to funds received from the public offering of shares[14] - Cash and cash equivalents at the end of Q3 2017 were ¥525,155,221.19, significantly up from ¥18,200,682.18 at the end of Q3 2016[27] Shareholder Information - The total number of shareholders reached 67,660 by the end of the reporting period[12] - The largest shareholder, 恒融投资集团有限公司, holds 46.43% of the shares, totaling 130,000,000 shares[12] Cash Flow - Cash flow from operating activities showed a significant improvement, with a net cash flow of CNY -85,555,301.21, compared to CNY -138,848,983.17 in the previous year[6] - The company reported a net cash outflow from operating activities of ¥85,555,301.21 for the first nine months of 2017, an improvement from a net outflow of ¥138,848,983.17 in the same period last year[26] - Cash flow from operating activities improved by ¥53,293,681.96, reflecting increased cash receipts from sales[15] Equity and Earnings - Net assets attributable to shareholders increased by 112.55% to CNY 1,557,204,744.69 compared to the end of the previous year[6] - Total equity increased to ¥1,557,204,744.69 from ¥732,646,085.33 year-over-year[20] - Basic and diluted earnings per share increased by 3.27% to CNY 0.5877[7] - Basic earnings per share for Q3 2017 were ¥0.1619, down from ¥0.1828 in Q3 2016[24] Operational Costs and Expenses - Operating costs increased by 41.83% to ¥726,049,806.14 from ¥511,910,917.55, driven by revenue growth[15] - Financial expenses decreased by 55.87% to ¥5,374,936.15 from ¥12,178,985.64, mainly due to reduced loan interest expenses[15] Government Subsidies - The company received government subsidies amounting to CNY 5,610,666.79, closely related to its normal business operations[8] Accounts Receivable and Payable - Accounts receivable rose by 30.20% to ¥576,088,162.49 from ¥442,453,907.94, mainly due to outstanding payments[14] - Accounts payable declined by 36.09% to ¥124,620,117.32 from ¥194,981,847.49, mainly due to payments made on outstanding accounts[14] Borrowings - Short-term borrowings decreased by 88.75% to ¥30,647,047.21 from ¥272,500,000.00, primarily due to repayment of previous loans[14] Other Current Assets - Other current assets surged by 12,463.12% to ¥142,223,975.60 from ¥1,132,075.48, attributed to the purchase of financial products[14] Return on Net Assets - The weighted average return on net assets decreased by 2.55 percentage points to 15.54%[7]