Dividend and Share Capital - The company plans to distribute a cash dividend of 1.20 RMB per 10 shares, totaling approximately 23.17 million RMB, based on a total share count of 193,101,694 shares as of the end of 2020[5]. - The company intends to increase its share capital by 2 shares for every 10 shares held, resulting in an additional 38,620,339 shares, raising the total share count to 231,722,033 shares[5]. - The company successfully completed a private placement of 20,901,134 A-shares at a price of 30.85 RMB per share, increasing the total share capital from 172,200,560 shares to 193,101,694 shares[10]. - The company’s total registered capital increased to 19,310.1694 million RMB after the fourth extraordinary general meeting of shareholders in 2020[11]. - The total number of shares for which dividends were declared in 2020 was 23,172,203.28, an increase from 21,828,240.00 in 2019[131]. - The company has committed to not transferring or entrusting shares held by major shareholders for 36 months post-IPO, ensuring stability in shareholding[133]. - The company has a cash dividend policy that mandates a minimum of 20% of distributable profits to be distributed as cash dividends if there are no major capital expenditures[126]. Financial Performance - The company achieved operating revenue of CNY 444.81 million in 2020, representing a year-on-year increase of 20.04%[27]. - The net profit attributable to shareholders of the listed company was CNY 57.08 million, a decrease of 18.55% compared to the previous year[27]. - The cash flow from operating activities increased significantly to CNY 145.98 million, up 77.29% from the previous year[27]. - Total assets reached CNY 1.62 billion at the end of 2020, an increase of 89.93% compared to the end of 2019[27]. - The company's net assets attributable to shareholders increased by 100.26% to CNY 1.33 billion at the end of 2020[27]. - The basic earnings per share decreased by 21.95% to CNY 0.32 in 2020[29]. - The company reported a total profit of CNY 63.99 million in 2020, a decrease of 19.22% from the previous year[36]. - Operating costs increased by 30.01% to CNY 199.65 million, primarily due to business growth and rising costs[72]. Research and Development - R&D expenses amounted to approximately 76.90 million yuan, representing a 25.88% increase compared to 2019[65]. - The company launched multiple new products, including a next-generation identity management platform and a zero-trust security gateway[65]. - The company established two new R&D centers in Beijing and Chengdu, enhancing overall technical capabilities[66]. - The total number of R&D personnel was 525, representing 71.92% of the company's total workforce[85]. Market and Industry Trends - The company focuses on the information security industry, particularly in the PKI field, providing comprehensive security solutions[36]. - The company has seen a 17.1% growth in the cybersecurity industry in China, reaching a market size of CNY 156.36 billion in 2019, with expectations to reach CNY 170.2 billion in 2020[50]. - The cybersecurity industry in China is driven by policy support, demand expansion, and application upgrades, entering a rapid growth phase[48]. - The demand for cloud security solutions is increasing, driven by the migration of infrastructure to cloud environments and new regulatory requirements[103]. Corporate Governance and Compliance - The company emphasizes the importance of compliance and security in response to increasing cybersecurity threats and regulatory requirements[48]. - The company is focusing on enhancing corporate governance and compliance with regulatory requirements[69]. - The company has established a commitment from its actual controllers to avoid any business activities that may compete with the company, ensuring no direct or indirect competition[137]. Shareholder and Ownership Structure - The largest shareholder, Kong Lingang, holds 25,067,885 shares, representing 12.98% of the total shares[200]. - The second-largest shareholder, Lu Haitan, holds 17,307,329 shares, accounting for 8.96% of the total shares[200]. - The top ten shareholders collectively hold a significant portion of the company's shares, with the largest three shareholders holding a combined total of 46.71%[200]. - The company has not reported any shares under pledge or freeze conditions for its major shareholders[200]. Future Outlook and Strategy - The company aims to achieve a revenue target of 570 million RMB for 2021[115]. - The company plans to launch new integrated password service platforms and data security protection platforms to meet emerging market demands[109]. - The company is actively exploring the application of new technologies such as big data and artificial intelligence in the cybersecurity field to enhance overall defense capabilities[48]. - The company is transitioning from a product provider to a comprehensive security solution provider to meet evolving customer demands[105]. Financial Products and Investments - The company reported a total of 84,829,000 RMB in bank wealth management products, with an outstanding balance of 74,167,000 RMB and no overdue amounts[160]. - The company has engaged in daily related party transactions, with the execution status of 2019's transactions disclosed in a temporary announcement[156]. - The company has committed to a poverty alleviation project with an investment of 30 million, helping 96 impoverished individuals[174].

2021 年第一季度报告 公司代码：603232 公司简称：格尔软件 格尔软件股份有限公司 2021 年第一季度报告 1 / 22 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 4 | | 三、 | 重要事项 7 | | 四、 | 附录 10 | 2021 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。 3 / 22 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 公司负责人孔令钢、主管会计工作负责人顾峰及会计机构负责人（会计主管人员）邹瑛保证 季度报告中财务报表的真实、准确、完整。 2021 年第一季度报告 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 | 项目 | 本期金额 | 说明 | | --- | --- | --- | | 非流动资产处置损益 | 11,024.60 | | | 计入当期损益的政府补助，但与 | ...

Financial Performance - Operating revenue for the first nine months reached CNY 175,827,200.77, a 16.07% increase year-on-year[7] - Net profit attributable to shareholders was a loss of CNY 33,739,792.36, compared to a loss of CNY 5,509,297.70 in the same period last year[7] - The weighted average return on net assets decreased by 3.99 percentage points to -4.77%[7] - Basic and diluted earnings per share were both CNY -0.19, compared to CNY -0.03 in the same period last year[7] - Total operating revenue for Q3 2020 reached ¥64,139,607.88, a 54.3% increase compared to ¥41,567,645.82 in Q3 2019[27] - The total profit for Q3 2020 was a loss of ¥5,183,952.68, compared to a profit of ¥1,051,783.48 in Q3 2019[32] - The total profit for the first three quarters of 2020 was a loss of ¥34,910,576.98, an improvement from a loss of ¥4,508,170.51 in the same period of 2019[28] Assets and Liabilities - Total assets increased by 74.27% to CNY 1,490,298,988.38 compared to the end of the previous year[7] - Net assets attributable to shareholders increased by 87.13% to CNY 1,242,045,208.92 compared to the end of the previous year[7] - Cash and cash equivalents increased by 250.34% to ¥344,695,570.13 compared to the end of the previous year[14] - Total liabilities decreased significantly, with accounts payable to employees dropping to zero due to salary payments[14] - Non-current liabilities rose to ¥3,948,736.29 from ¥1,801,934.75, marking an increase of about 119%[22] - Current liabilities totaled ¥243,492,966.19, up from ¥188,741,717.25, reflecting a growth of approximately 29%[21] Cash Flow - The net cash flow from financing activities was ¥615,401,149.45, primarily due to a private placement of A-shares[16] - The net cash flow from investing activities decreased by 765.05% to -¥328,756,744.87, due to cash outflows for financial products[16] - Cash inflow from operating activities for the first three quarters of 2020 was ¥302,838,002.48, compared to ¥196,303,560.73 in the same period of 2019, representing a 54.1% increase[34] - The company reported a net cash flow from operating activities of -6,126,653.57 RMB for the first nine months of 2020, compared to -683,900.82 RMB in the same period last year[37] Shareholder Information - The total number of shareholders reached 11,732 by the end of the reporting period[11] - The largest shareholder, Kong Linggang, holds 12.98% of the shares, while the second-largest shareholder, Lu Haitian, holds 8.96%[11] Research and Development - R&D expenses grew by 50.93% to ¥57,103,749.27, reflecting increased investment in research and development[16] - R&D expenses surged to ¥21,491,284.62 in Q3 2020, a significant increase of 178.5% from ¥7,731,145.98 in Q3 2019[27] - Research and development expenses increased to ¥10,340,920.61 in Q3 2020, up from ¥7,060,139.25 in Q3 2019, reflecting a 46.5% rise[31] Government Subsidies - The company received government subsidies amounting to CNY 5,284,364.68 for the first nine months[8] - Deferred income increased by 181.99% to ¥3,259,545.27, mainly due to government subsidies[16] Investment Activities - The company raised a total of ¥644,799,983.90 from the issuance of 20,901,134 A-shares at ¥30.85 per share[17] - Total cash outflow from investment activities for the first nine months was 605,472,092.71 RMB, significantly higher than 231,290,600.00 RMB in the previous year, indicating increased investment activity[37]

Financial Performance - The company reported a total revenue of 121,268,000 RMB for the first half of 2020, reflecting a year-on-year increase of 15%[20]. - The company achieved operating revenue of 111,687,592.89 RMB in the first half of 2020, representing a 1.61% increase compared to the same period last year[21]. - The net profit attributable to shareholders was -34,904,057.73 RMB, a decrease of 553.72% year-on-year[21]. - The basic earnings per share were -0.20 RMB, reflecting a 600.00% decline compared to 0.04 RMB in the previous year[22]. - The weighted average return on equity decreased by 6.69 percentage points to -5.46%[22]. - The company's net assets attributable to shareholders decreased by 8.79% to 605,381,985.69 RMB compared to the end of the previous year[21]. - The total assets decreased by 5.98% to 804,019,037.85 RMB compared to the end of the previous year[21]. - The company achieved operating revenue of 111.69 million yuan in the first half of 2020, representing a year-on-year growth of 1.61%[51]. - The net profit attributable to shareholders of the listed company was -34.90 million yuan, a decrease of 553.72% compared to the same period last year[51]. Share Capital and Ownership - The total number of shares increased from 121,268,000 to 172,200,560 after a capital reserve conversion, representing a 42% increase in total share capital[8]. - The company’s stock is listed on the Shanghai Stock Exchange under the code 603232, maintaining its market presence without any changes in stock type[19]. - The actual controllers of the company, Kong Linggang and Lu Haitian, collectively control 34.44% of the shares[126]. - Kong Linggang increased his shareholding by 7,414,445 shares, bringing his total to 25,067,885 shares, representing 14.56% of the company[131]. - Lu Haitian increased his shareholding by 5,140,769 shares, bringing his total to 17,307,329 shares, representing 10.05% of the company[131]. - The top four shareholders hold a combined total of 61.10% of the shares, indicating significant ownership concentration[126]. Compliance and Governance - The company has not disclosed any non-operating fund occupation by controlling shareholders or related parties, indicating a stable financial governance structure[7]. - The company has not faced any violations regarding decision-making procedures for external guarantees, reflecting a strong compliance culture[7]. - The company has committed to ensuring the accuracy and completeness of its financial reports, with key executives affirming the integrity of the data presented[5]. - The company has established a clear framework for handling violations of share transfer commitments[87]. - The company committed to strictly adhere to all laws and regulations regarding corporate governance and will not interfere in management activities[94]. Research and Development - The company invested approximately 35.61 million yuan in research and development during the reporting period, focusing on enhancing technological innovation capabilities[51]. - The company has a strong talent pool, with a team of experienced professionals leading its research and development efforts in the PKI field[44]. - The company developed new products including next-generation security authentication gateways and privileged account management systems for the Zero Trust solution[53]. - Research and development expenses increased to approximately ¥35.61 million, up 18.30% from the previous year[60]. Risks and Challenges - The company has outlined potential risks in its operations, which are detailed in the fourth section of the report, emphasizing the importance of risk awareness for investors[7]. - The company faces risks related to technology development and product upgrades, as insufficient investment in these areas could weaken its core competitiveness and future growth potential[70]. - The company acknowledges the potential for intensified competition from both existing players and new entrants in the information security market, which could lead to a decline in market share[72]. - The company has noted that its financial performance may not be accurately reflected in quarterly reports due to the inherent seasonality of its sales[69]. Cash Flow and Financial Management - The net cash flow from operating activities was approximately -¥54.26 million, a decline of 101.46% year-on-year[60]. - The company’s cash flow from investment activities increased by 20.92% to approximately ¥50.14 million[60]. - The company’s cash and cash equivalents increased by 47.96% to approximately ¥71.01 million due to the purchase of financial products[61]. - The company’s operational cash flow is expected to be concentrated in the fourth quarter, impacting the overall profit distribution throughout the year[68]. - The company’s cash flow management strategies are focused on maintaining liquidity while navigating through market challenges[159]. Corporate Social Responsibility - The company has signed agreements for poverty alleviation projects in collaboration with local governments[105]. - The company invested a total of RMB 30 million in poverty alleviation projects during the reporting period[108]. - The company continues to support targeted poverty alleviation efforts in Fengqing County, Yunnan Province, as part of its corporate social responsibility[110]. - The company plans to invest RMB 100,000 in the Guo Dazhai Village project for planting 159 acres of grass fruit and constructing a 39 cubic meter water pool[109]. Environmental Commitment - The company emphasizes its commitment to environmental protection and has implemented waste classification initiatives[111].

Financial Performance - Net profit attributable to shareholders was CNY -27,135,809.24, a significant decline from CNY -1,842,141.83 in the same period last year[7] - Operating revenue fell by 14.22% to CNY 50,167,175.37, down from CNY 58,484,785.12 year-on-year[7] - The company reported a basic earnings per share of CNY -0.22, compared to CNY -0.02 in the previous year[7] - Total revenue for Q1 2020 was ¥50,167,175.37, a decrease of 14.3% compared to ¥58,484,785.12 in Q1 2019[32] - Net loss for Q1 2020 was ¥27,139,580.49, compared to a net loss of ¥1,929,527.72 in Q1 2019, representing a significant decline[33] - The company reported an operating loss of ¥28,164,867.81 for Q1 2020, compared to an operating loss of ¥3,929,703.61 in Q1 2019[32] - The total comprehensive loss for Q1 2020 was ¥27,563,924.34, compared to a loss of ¥1,929,527.72 in Q1 2019[33] Cash Flow - The net cash flow from operating activities was CNY -63,676,576.84, compared to CNY -25,442,432.63 in the previous year, indicating increased cash outflow[7] - Operating cash flow net amount decreased by 38.23 million yuan compared to the same period last year, primarily due to increased cash payments for goods purchased and services received[16] - The total cash outflow from operating activities was ¥117,013,800.13 in Q1 2020, up from ¥83,723,381.04 in Q1 2019, reflecting a rise of 39.7%[39] - The cash outflow for purchasing goods and services was ¥48,719,724.45 in Q1 2020, significantly higher than ¥29,047,511.44 in Q1 2019, marking a 67.7% increase[38] - The cash outflow for employee payments was ¥36,545,639.62 in Q1 2020, compared to ¥28,717,445.40 in Q1 2019, an increase of 27.4%[39] Assets and Liabilities - Total assets decreased by 4.60% to CNY 815,788,001.61 compared to the end of the previous year[6] - Cash and cash equivalents decreased by 54.67% to CNY 44,599,279.32, primarily due to increased net cash outflow from operating activities[12] - Total equity decreased from ¥664,621,045.68 to ¥637,057,121.34, a decline of about 4.2%[26] - Current liabilities increased from ¥176,842,842.78 to ¥188,741,717.25, an increase of approximately 6.0%[25] - Total liabilities increased from ¥47,882,278.66 to ¥54,242,693.26, an increase of about 13.0%[30] Investment and Financing - Investment income decreased by 3.06 million yuan, down 60.74% year-on-year, mainly due to reduced investment income from joint ventures and associates[15] - The company plans to raise no more than 644.80 million yuan through a non-public offering of A-shares, with the number of shares not exceeding 24,253,600, accounting for no more than 20% of the total share capital before the offering[19] - The non-public offering was revised to raise no more than 644.80 million yuan, with the number of shares not exceeding 36,380,400, accounting for no more than 30% of the total share capital before the offering[20] Operational Metrics - Sales expenses increased by 4.79 million yuan, up 88.11% year-on-year, attributed to higher sales activity costs[15] - Research and development expenses rose to ¥16,811,287.90, an increase of 29.5% from ¥12,964,831.32 in Q1 2019[32] - The company recorded other comprehensive losses of ¥424,343.85 in Q1 2020, with no prior year comparison available[33] Shareholder Information - The number of shareholders reached 8,723, with the top ten shareholders holding a combined 60.56% of shares[9]

Financial Performance - The company's operating revenue for 2019 was CNY 370,541,320.66, representing a year-on-year increase of 20.08% compared to CNY 308,585,449.97 in 2018[28]. - The net profit attributable to shareholders of the listed company for 2019 was CNY 70,075,220.17, a decrease of 2.40% from CNY 71,799,948.76 in the previous year[28]. - The total assets at the end of 2019 reached CNY 855,164,697.68, reflecting a growth of 17.98% from CNY 724,843,838.56 in 2018[28]. - The net cash flow from operating activities for 2019 was CNY 82,339,046.28, a significant recovery from a negative cash flow of CNY -1,802,035.25 in 2018[28]. - The basic earnings per share for 2019 was CNY 0.58, slightly down by 1.69% from CNY 0.59 in 2018[29]. - The company reported a net profit of CNY 75,584,517.87 in Q4 2019, which was a significant recovery from a loss of CNY -13,202,083.91 in Q3 2019[32]. - The company’s net assets attributable to shareholders increased to CNY 663,726,601.04 at the end of 2019, up by 6.75% from CNY 621,779,025.43 in 2018[28]. - The total profit for 2019 was 79.21 million yuan, reflecting a year-on-year growth of 5.62%[38]. - The company reported a net profit margin of 31.15% for 2019, down from 33.40% in 2018[133]. Capital Structure and Shareholder Actions - The company plans to distribute a cash dividend of 1.8 RMB per 10 shares, totaling 21,828,240 RMB, based on a total share capital of 121,268,000 shares as of the end of 2019[5]. - The company intends to increase its share capital by 4.2 shares for every 10 shares held, resulting in an additional 50,932,560 shares, raising the total share capital to 172,200,560 shares[5]. - The profit distribution and capital increase proposal is subject to approval by the shareholders' meeting[133]. - The company has committed to not transferring or entrusting the management of its shares for 36 months post-IPO, ensuring stability in shareholding[135]. - The company has established a commitment to avoid any business activities that may compete with its operations, ensuring no direct or indirect competition from its actual controllers[141]. - The company has committed to not transferring benefits to other entities or individuals under unfair conditions, ensuring the protection of company interests[146]. Research and Development - The company invested approximately 61.09 million yuan in R&D during the reporting period[66]. - Research and development expenses rose by 9.21% to 61.09 million yuan, indicating continued investment in innovation[81]. - The company holds 41 invention patents and 106 software copyrights, demonstrating its strong innovation capabilities[61]. - The company plans to strengthen its product and technology development, focusing on application security, data security, and intelligent IoT[114]. - The company will increase R&D investment and establish additional R&D centers to enhance technical capabilities[115]. Market and Industry Insights - The information security industry, where the company operates, is encouraged by national policies, with the market size expected to reach 63.13 billion yuan in 2019, up 19.2% from 2017[51]. - The demand for data security applications based on PKI technology is rising, particularly among government, military, and financial institutions[106]. - The information security market is rapidly expanding, leading to increased competition from existing players and potential new entrants, which may threaten the company's market share[123]. - The company is focusing on enhancing its core technology capabilities and exploring new applications in the information security sector[104]. Operational Efficiency and Strategy - The company emphasizes customer satisfaction through various after-sales service channels and regular satisfaction surveys[49]. - The company’s product sales exhibit seasonal characteristics, with higher demand typically occurring in the second half of the year due to project budgeting and procurement cycles[33]. - The company operates in a technology-intensive industry, facing risks related to R&D investments not yielding expected results, which could impact profitability and growth[121]. - The company is actively expanding its main business in government, military, and electronic government sectors, contributing to revenue growth[74]. Compliance and Governance - The company has received a standard unqualified audit report from its accounting firm, ensuring the accuracy and completeness of the financial report[4]. - The company has maintained good integrity status, complying with all relevant laws and regulations without any records of dishonesty[159]. - The company has not encountered any significant accounting errors that require correction during the reporting period[157]. - The company has no major litigation or arbitration matters during the reporting period, indicating a stable legal standing[159]. Social Responsibility and Community Engagement - The company has committed to fulfilling its social responsibilities and actively participating in poverty alleviation initiatives as part of its corporate strategy[170]. - A total of 32.50 million RMB was allocated for poverty alleviation efforts, with 117 registered impoverished individuals lifted out of poverty[171]. - The company plans to continue supporting infrastructure development and industry growth in the designated poverty alleviation areas, with a focus on education and health for impoverished students[172].

Financial Performance - Operating revenue for the first nine months was CNY 151,481,884.65, a decrease of 2.77% year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 5,509,297.70, a decline of 149.02% compared to the same period last year[6] - Basic and diluted earnings per share were both -CNY 0.05, a decrease of 138.46% year-on-year[7] - Total revenue for Q3 2019 was CNY 41,567,645.82, a decrease of 19.1% compared to CNY 51,387,673.30 in Q3 2018[30] - Net profit for the first three quarters of 2019 was CNY 151,481,884.00, down 2.1% from CNY 155,795,145.00 in the same period of 2018[30] - The net profit for Q3 2019 was a loss of CNY 13,262,948.11, compared to a profit of CNY 1,739,211.63 in Q3 2018[31] - The total profit for Q3 2019 was a loss of CNY 12,537,455.27, contrasting with a profit of CNY 2,160,658.39 in Q3 2018[31] - The company's operating profit for Q3 2019 was CNY -13,639,629.56, compared to CNY -2,713,321.50 in Q3 2018[31] - The total comprehensive income for Q3 2019 was a loss of CNY 13,262,948.11, compared to a profit of CNY 1,739,211.63 in Q3 2018[32] Assets and Liabilities - Total assets decreased by 3.58% to CNY 698,876,198.03 compared to the end of the previous year[6] - Net assets attributable to shareholders decreased by 4.73% to CNY 592,357,727.73 compared to the end of the previous year[6] - Total assets as of Q3 2019 were CNY 537,819,859.15, a decrease from CNY 556,844,111.96 at the end of Q3 2018[29] - Total liabilities as of Q3 2019 were CNY 41,474,429.95, an increase from CNY 38,818,046.87 in Q3 2018[28] - Current assets decreased to CNY 265,748,226.87 from CNY 327,455,876.40 in the previous year[27] - Non-current assets increased to CNY 272,071,632.28 from CNY 229,388,235.56 in the previous year[27] - Shareholders' equity totaled CNY 496,345,429.20, down from CNY 518,026,065.09 in Q3 2018[29] Cash Flow - Net cash flow from operating activities was -CNY 29,000,373.66, an improvement from -CNY 72,839,407.29 in the previous year[6] - The total cash inflow from operating activities was 61,535,969.14, down from 68,516,425.13 in 2018, reflecting a decline of approximately 10.5%[38] - The cash flow from investment activities generated a net inflow of CNY 49,433,605.70 in the first nine months of 2019, compared to CNY 42,064,892.92 in the same period of 2018[36] - The net cash flow from operating activities for the first three quarters of 2019 was -683,900.82, an improvement from -45,828,607.63 in the same period of 2018[38] - The company reported a decrease in cash outflow for operating activities compared to the previous year, indicating improved operational efficiency[35] Shareholder Information - The total number of shareholders at the end of the reporting period was 8,322[9] - The largest shareholder, Kong Linggang, holds 14.56% of the shares[9] - The company’s actual controllers, Kong Linggang and Lu Haitan, collectively control 34.43% of the shares[12] Receivables and Payables - Accounts receivable increased by 30.49% to CNY 6,918,616.50 compared to the previous year-end[13] - Prepayments decreased significantly by 78.56% to CNY 8,221,594.18 due to reduced procurement payments[13] - Other receivables rose by 79.09% to CNY 21,308,790.79, mainly due to increased various deposits[15] - Inventory increased by 42.89% to CNY 47,599,848.21, attributed to higher purchases and increased shipments[15] - Payables decreased by 30.44% to CNY 16,674,486.84, reflecting a reduction in unsettled payables[15] - Pre-receipts increased by 36.48% to CNY 79,816,390.86, driven by higher customer prepayments[15] - Tax payable decreased by 96.89% to CNY 336,775.10 due to tax payments made during the period[15] Expenses - Sales expenses increased by 43.01% to CNY 24,386,835.20, driven by business expansion-related costs[14] - Research and development expenses for Q3 2019 amounted to CNY 7,731,145.98, a decrease of 31.3% compared to CNY 11,234,152.60 in Q3 2018[30] - Research and development expenses for Q3 2019 were CNY 7,060,139.25, slightly up from CNY 6,105,841.23 in Q3 2018[33] Investment Activities - The investment income from joint ventures and associates in Q3 2019 was CNY 1,482,230.26, compared to CNY 172,058.81 in Q3 2018[33] - The investment cash inflow decreased from CNY 519,212,562.33 in 2018 to CNY 450,975,907.61 in 2019, reflecting a strategic shift in investment activities[36] - The financing cash flow showed a net outflow of CNY 23,324,000.00 in 2019, slightly improved from CNY 23,940,000.00 in the previous year[36]

证券代码：603232 证券简称：格尔软件 公告编号：2019-044 格尔软件股份有限公司 关于参加上海辖区上市公司投资者集体接待日活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 为进一步加强与投资者的互动交流工作，格尔软件股份有限公司（以下简称 "公司"）将参加由上海上市公司协会、上证所信息网络有限公司共同举办的 "2019 年上海辖区上市公司投资者集体接待日"活动，现将有关事项公告如下： 本次集体接待日活动将在上证所信息网络有限公司提供的平台，采取网络远 程 的 方 式 举 行 ， 投 资 者 可 以 登 录 " 上 证 路 演 中 心 " 网 站 （ http://roadshow.sseinfo.com ） 或 关 注 微 信 公 众 号 ： 上 证 路 演 中 心 （sse_roadshow），参与公司本次投资者集体接待日活动，活动时间为 2019 年 9 月 26 日（星期四）下午 15:00 至 17:00。届时公司董事兼总经理杨文山先生、 董事会秘书兼财务总监顾峰先生将通过网络在线交流形式与 ...

Capital Structure and Shareholder Information - The company reported a total share capital increase from 85,400,000 shares to 121,268,000 shares, representing a 42% increase due to a capital reserve conversion plan approved at the 2018 annual general meeting[8]. - The company has not disclosed any profit distribution plan or capital reserve conversion plan for the reporting period[5]. - The total number of shareholders reached 7,291 by the end of the reporting period[125]. - The top shareholder, Kong Linggang, holds 17,653,440 shares, representing 14.56% of the total shares[127]. - The second-largest shareholder, Lu Haitian, holds 12,166,560 shares, accounting for 10.03% of the total shares[127]. - The total number of restricted shares before the change was 3,423,000, which increased by 1,437,660 to 4,860,660 shares[122]. - The total number of unrestricted circulating shares before the change was 5,117,000, which increased by 2,149,140 to 7,266,140 shares[122]. - The company has a significant concentration of ownership, with the top two shareholders controlling 24.59% of the total shares[128]. - The actual controllers of the company are Kong Linggang and Lu Haitian, collectively controlling 34.43% of the shares, with Kong holding 14.56% and Lu holding 10.03% directly[130]. - The company has a lock-up period of 36 months for shares held by certain shareholders, including Kong Linggang and Lu Haitian[129]. - The company has not experienced any changes in its controlling shareholders or actual controllers during the reporting period[131]. - The company has not issued any preferred shares during the reporting period[132]. Financial Performance - The report period covers from January 1, 2019, to June 30, 2019, and the financial report has not been audited[5]. - The company achieved operating revenue of CNY 109.91 million in the first half of 2019, representing a growth of 5.27% compared to the same period last year[21]. - The net profit attributable to shareholders of the listed company was CNY 7.69 million, a decrease of 20.78% year-on-year[21]. - The company's basic earnings per share decreased by 25.00% to CNY 0.06 from CNY 0.08 in the same period last year[22]. - The company reported non-recurring gains of CNY 8.83 million, primarily from government subsidies and other income[25]. - The company's net assets attributable to shareholders decreased by 2.61% to CNY 605.56 million from CNY 621.78 million at the end of the previous year[21]. - The company reported a total revenue of 26,628.42 million with a net profit of 6,623.67 million, reflecting a growth of 316.58 million compared to the previous period[69]. - The company achieved a revenue of 11,413.98 million from electronic digital certificate authentication services, with a net profit of 8,223.25 million, indicating a significant increase of 2,844.17 million[70]. - The company experienced a decline in revenue from electronic security digital certificate services, reporting 3,911.91 million with a net loss of 111.55 million, down from the previous period[71]. - The company generated revenue of 600.16 million from hydrological and water quality monitoring systems, with a net profit of 103.88 million, showing a decrease of 222.89 million compared to the last period[71]. Operational Highlights - The company focuses on the information security industry, specifically in the PKI (Public Key Infrastructure) field, providing security products and solutions[28]. - The company has developed a complete information security product and service system centered on PKI, including PKI infrastructure products, PKI security application products, and general security products[33]. - The company continues to focus on the government, military, and financial sectors to advance its main business and enhance its identity authentication and password application systems[52]. - The company has increased investment in vehicle networking security and proposed related solutions and product planning[52]. - The company has established a marketing service network with regional centers in major cities, enhancing its responsiveness to user needs[49]. - The company is a member of the National Information Security Standardization Technical Committee and has participated in the formulation of 26 industry standards[48]. - The company has been recognized for its technological innovation, winning multiple awards including the second prize of the National Science and Technology Progress Award[43]. - The company is a leading manufacturer of commercial password products in China, with a strong competitive advantage in the network security industry[42]. Research and Development - The company invested approximately 30.1 million RMB in R&D during the reporting period, reflecting a 4.51% increase compared to the previous year[53]. - The company established a research laboratory in collaboration with Shaanxi Normal University to advance research in blockchain applications and security systems[53]. - The company is investing $30 million in R&D for new technologies aimed at enhancing user experience[90]. - The company is investing in research and development of new security technology products and services to strengthen its competitive edge[71]. Risk Management and Compliance - The company has detailed potential risks in the fourth section of the report, which should be reviewed by investors[7]. - The company emphasizes the importance of understanding the differences between plans, forecasts, and commitments in its forward-looking statements[6]. - The company has not provided any guarantees that violate regulatory decision-making procedures[7]. - The company is committed to maintaining high standards in product quality and compliance with regulatory requirements in its operations[69]. - The company is implementing measures to mitigate risks related to the loss of core technical personnel and the potential leakage of proprietary technology[76]. Corporate Governance and Meetings - The company has confirmed that all board members attended the board meeting for the report approval[4]. - The company held its 2018 annual general meeting on May 15, 2019, where several key resolutions were passed, including the approval of the 2018 annual report and financial statements[84]. - On June 22, 2019, the company convened its first extraordinary general meeting of 2019, approving the use of idle funds to purchase bank wealth management products[84]. - The company has appointed a new board of directors and supervisory board, with significant changes in personnel, including the election of new independent directors[139]. Social Responsibility and Community Engagement - The company invested CNY 32.50 million in poverty alleviation efforts, helping 117 registered impoverished individuals to escape poverty[111]. - The company plans to invest CNY 100,000 to build a 130KW village-level photovoltaic power station, benefiting 930 people from 228 households[113]. - The company signed a collaboration agreement to invest CNY 200,000 in purchasing tea from a cooperative involving over 800 impoverished households[113]. - The company allocated CNY 2.5 million to support one impoverished student in higher education[111]. - The company is committed to continuing its poverty alleviation efforts in collaboration with local governments, focusing on infrastructure and industrial development[114]. Accounting and Financial Reporting - The company has implemented a new accounting policy in accordance with the new financial instrument standards effective from January 1, 2019[117]. - The company has revised its financial statement format based on the new guidelines issued by the Ministry of Finance on April 30, 2019[118]. - The company has not reported any significant accounting errors or restatements during the reporting period[119]. - The company has actively engaged in environmental protection initiatives, including waste classification and employee awareness programs[115].

Financial Performance - Operating revenue increased by 2.67% to CNY 58.48 million year-on-year[6] - Net profit attributable to shareholders was CNY -5.25 million, a decrease of 213.10% compared to the previous year[6] - The company reported a basic earnings per share of CNY -0.02, a decrease of 200.00% compared to the previous year[6] - Total revenue for Q1 2019 was CNY 58,484,785.12, an increase of 2.68% compared to CNY 56,963,694.71 in Q1 2018[29] - Total operating costs for Q1 2019 were CNY 67,446,163.94, up 15.09% from CNY 58,676,154.61 in Q1 2018[29] - Net profit for Q1 2019 was a loss of CNY 1,929,527.72, compared to a profit of CNY 1,648,276.06 in Q1 2018[30] - Operating profit for Q1 2019 was a loss of CNY 3,929,703.61, down from a profit of CNY 1,656,393.99 in Q1 2018[29] - The basic and diluted earnings per share for Q1 2019 were both CNY -0.02, compared to CNY 0.02 in Q1 2018[30] - Operating revenue for Q1 2019 was ¥18,918,727.31, a decrease of 32.6% compared to ¥28,117,757.12 in Q1 2018[31] - Net profit for Q1 2019 was -¥2,883,104.33, compared to a net profit of ¥6,250,966.03 in Q1 2018, indicating a significant decline[32] - Operating profit for Q1 2019 was -¥4,056,913.64, down from ¥7,336,711.69 in Q1 2018[31] - Total comprehensive income for Q1 2019 was -¥2,883,104.33, compared to ¥6,250,966.03 in Q1 2018[32] Cash Flow - Cash flow from operating activities improved to CNY -25.44 million, compared to CNY -41.18 million in the same period last year[6] - Operating cash flow net amount improved by CNY 15.74 million compared to the previous year, mainly due to a reduction in tax payments[16] - Cash flow from operating activities for Q1 2019 was -¥25,442,432.63, an improvement from -¥41,181,850.35 in Q1 2018[36] - The net cash flow from operating activities improved significantly to ¥11,268,915.53, compared to a negative cash flow of ¥9,853,163.56 in the same period last year[37] Assets and Liabilities - Total assets decreased by 3.03% to CNY 702.90 million compared to the end of the previous year[6] - The company's cash and cash equivalents decreased by 34.13% to CNY 37.56 million[12] - Total liabilities decreased to CNY 82.00 million from CNY 102.02 million, reflecting a reduction in current liabilities[22] - Total assets as of March 31, 2019, amounted to CNY 702.90 million, a decrease from CNY 724.84 million at the end of 2018[22] - Total liabilities increased to CNY 40,893,255.62 from CNY 38,818,046.87 at the end of 2018[26] - The company's total assets remained stable at ¥724,843,838.56 as of the end of Q1 2019[40] - The total liabilities were reported at ¥102,018,015.86, unchanged from the previous year[41] - Current assets totaled ¥327,455,876.40, with cash and cash equivalents at ¥12,448,568.20[44] - Total liabilities were reported at ¥38,818,046.87, with current liabilities at ¥36,546,603.38[46] Shareholder Information - The number of shareholders reached 5,938, with the top ten shareholders holding a combined 60.43% of shares[10] - Total equity attributable to the parent company reached ¥621,779,025.43 as of Q1 2019[42] - The company's equity totaled ¥622,825,822.70, reflecting a stable financial position[41] Expenses and Investments - Management expenses increased by CNY 8.28 million, a rise of 47.89%, primarily due to an increase in employee compensation resulting from a higher headcount[15] - Investment income increased by CNY 1.72 million, a rise of 52.15%, mainly due to increased investment income from joint ventures and associates[15] - Research and development expenses for Q1 2019 were ¥7,272,926.99, slightly down from ¥7,982,152.08 in Q1 2018[31] Changes in Financial Reporting - The company has implemented new financial and revenue recognition standards, which may impact future financial reporting[39] - The company implemented new financial instrument standards effective January 1, 2019, impacting financial reporting[42] - Adjustments to financial statements were made without affecting prior period comparative data[47]