证券代码：603322 证券简称：超讯通信 超讯通信股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-----------------------------|-----------------------------------------------------------|---------------------------------------------------------------------------------------------------| | | | | | | 特定对象调研 □分析师会议 | | | | □媒体采访 | □业绩说明会 | | 投资者关系活动类别 | □新闻发布会 □路演活动 □现场参观 □其他 | | | 参与单位与人员名称 | 万联证券 吴源恒 东吴证券 姚久花 创金合信基金 郭镇岳 | | | 时间 | 2022 年 7 月 5 日 | | | 地点 | 公司总部 | | | 上市公司接待人员 | 董事长梁建华、证券事务代表卢沛民 | | | | 一、现场会议交流背景 公司于 2022 年 7 月 | 1 日披露了《关于 ...

证券代码：603322 证券简称：超讯通信 超讯通信股份有限公司 投资者关系活动记录表 | --- | --- | --- | |--------------------|--------------------|---------------------------------------------------------------| | | | | | | | 特定对象调研 □分析师会议 | | | □媒体采访 | □业绩说明会 | | 投资者关系活动类别 | | □新闻发布会 □路演活动 | | | □现场参观 | | | | 其他 电话会议 | | | | 光大证券 | 吴春旸、石崎良、颜燕妮 | | | 华夏基金 | 孙艺竣 | | | 民生加银 | 柳世庆 | | | 中国人寿 | 刘军伟 | | | 泰信基金 | 王博强 | | 参与单位与人员名称 | 兴业基金 | 肖滨 | | | 华泰保兴 | 刘彬 | | | 仁布投资 | 袁祥 | | | 英大保险资产 | 李海 | | | 中国人寿养老 | 徐宝龙 | | 时间 | 2022 年 7 月 | 日 | | 地点 | 线上会议 | | ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥534,779,242.15, representing a year-on-year increase of 37.89%[6] - The net profit attributable to shareholders for the same period was ¥45,806,005.65, with a significant increase of 3,990.79% year-on-year[6] - The net profit after deducting non-recurring gains and losses was -¥5,359,725.44, indicating a loss compared to the previous year[6] - The basic and diluted earnings per share for Q3 2022 were both ¥0.29, reflecting a year-to-date increase of 4,900%[7] - Operating profit for the third quarter of 2022 was ¥49,099,510.66, a significant recovery from a loss of ¥33,163,534.30 in the same quarter of the previous year[25] - Net profit for the third quarter of 2022 was ¥65,488,482.29, compared to a net loss of ¥2,297,116.38 in the same quarter of 2021, showing a strong turnaround[26] - Total comprehensive income for Q3 2022 was CNY 65,488,482.29, a decrease of CNY 2,297,116.38 compared to the previous period[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,054,571,505.74, down 8.20% from the end of the previous year[7] - The total assets as of the end of the third quarter of 2022 amounted to ¥2,054,571,505.74, a decrease from ¥2,238,082,573.16 at the end of the previous year[22] - Total liabilities decreased to ¥1,622,628,593.57 from ¥1,859,222,329.13, reflecting a reduction of approximately 12.7%[22] - The equity attributable to shareholders increased by 40.97% to ¥275,692,303.58 compared to the end of the previous year[7] - The equity attributable to shareholders of the parent company increased to ¥275,692,303.58 from ¥195,568,943.59, marking an increase of about 40.9%[22] Cash Flow - The company reported a cash flow from operating activities of -¥114,074,823.13 for the year-to-date period[7] - Cash inflow from operating activities for the first three quarters of 2022 was CNY 1,359,179,692.91, up from CNY 1,170,111,909.69 in the same period of 2021, representing a growth of approximately 16.1%[28] - Net cash flow from operating activities for Q3 2022 was CNY -114,074,823.13, an improvement from CNY -147,874,325.49 in Q3 2021[29] - Cash outflow from investing activities for the first three quarters of 2022 was CNY 49,946,742.35, a decrease from CNY 113,000,803.26 in the same period of 2021[29] - Net cash flow from financing activities for Q3 2022 was CNY -149,116,723.98, compared to a positive cash flow of CNY 232,357,272.21 in Q3 2021[29] - The ending cash and cash equivalents balance for Q3 2022 was CNY 51,476,943.47, down from CNY 200,886,001.07 at the end of Q3 2021[29] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,786[15] - The largest shareholder, Liang Jianhua, holds 42,285,000 shares, representing 26.40% of the total shares, with 29,574,000 shares pledged[15] Research and Development - Research and development expenses for the third quarter of 2022 were ¥48,860,443.53, slightly down from ¥48,984,050.75 in the same quarter of 2021[25] Stock Options and Incentives - The company approved a stock option incentive plan on October 13, 2022, granting 10 million stock options to 49 incentive targets[17] - The company is in the process of completing the registration for the stock option grant as part of its incentive plan[17] Revenue Growth - The increase in operating revenue was mainly attributed to the completion of acceptance for cloud computing data center projects during the reporting period[12] - Total operating revenue for the first three quarters of 2022 reached ¥1,207,810,733.94, an increase from ¥1,055,206,133.27 in the same period of 2021, representing a growth of approximately 14.5%[24] - Total operating costs for the first three quarters of 2022 were ¥1,242,942,663.19, compared to ¥1,049,108,581.89 in 2021, indicating an increase of about 18.5%[25] Other Financial Metrics - The weighted average return on equity was 18.12%, an increase of 19.46 percentage points compared to the previous year[7] - The company reported a significant increase in long-term receivables, which rose to CNY 245,413,690.86 from CNY 23,870,964.97 in the previous year[19] - Other receivables increased to CNY 63,563,018.56 from CNY 54,916,065.34 year-over-year[19] - The company’s inventory as of September 30, 2022, was CNY 124,635,961.65, down from CNY 140,706,385.64 at the end of 2021[19] - The company did not report any net profit from subsidiaries prior to consolidation in Q3 2022[27]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 673,031,491.79, representing a year-on-year increase of 0.85% compared to CNY 667,366,239.74 in the same period last year[18]. - The net profit attributable to shareholders of the listed company reached CNY 34,317,354.34, a significant increase of 327.54% from CNY 8,026,745.24 in the previous year[18]. - Basic earnings per share increased to CNY 0.22, up 340% from CNY 0.05 in the same period last year[19]. - The company reported a significant increase in revenue for the first half of 2022, with a year-over-year growth of 15%[65]. - The company achieved a total comprehensive income of RMB 27,261,246.12, compared to RMB 161,441.95 in the first half of 2021[117]. - The company reported a profit margin of approximately 4.05% in the first half of 2022, compared to a negative margin in the previous year[116]. Cash Flow and Assets - The net cash flow from operating activities was negative at CNY -114,165,253.25, compared to CNY -102,690,250.90 in the same period last year[18]. - Cash and cash equivalents decreased by 53.92% to ¥191,216,631.61, accounting for 9.38% of total assets[41]. - Total assets of the company decreased by 8.90% to CNY 2,038,943,330.69 from CNY 2,238,082,573.16 at the end of the previous year[18]. - The total cash and cash equivalents at the end of the first half of 2022 were 71,305,407.51 RMB, down from 145,645,367.22 RMB at the end of the first half of 2021, reflecting a decrease of approximately 51%[123]. - The company reported a net cash flow from financing activities of -127,632,214.32 RMB in the first half of 2022, compared to a positive flow of 100,209,209.93 RMB in the same period of 2021, indicating a substantial decline[123]. Investments and Acquisitions - The company invested 80 million yuan in its wholly-owned subsidiary Chaoxun Equipment and established a 32% stake in Guangdong Tusheng Ultra HD Innovation Center with a registered capital of 50 million yuan[47]. - The company completed an investment of 18,199,597.24 yuan in the new generation communication equipment production and R&D base, with a cumulative investment of 174,437,607.50 yuan, achieving 87.22% project progress[49]. - A strategic acquisition of a tech startup was completed, enhancing the company's capabilities in AI technology[65]. - The company is exploring potential mergers and acquisitions to further strengthen its market position and drive future growth[130]. Market Strategy and Growth - The company is focusing on the "Telecom + IoT" strategy, providing integrated solutions across various sectors including water, logistics, and healthcare[27]. - The company aims to leverage the "East Data West Computing" strategy to enhance its service offerings in the digital economy[27]. - The company has set a revenue guidance for the second half of 2022, projecting an increase of 10% to 12%[65]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2025[65]. Risks and Challenges - The company has outlined potential risks in the management discussion and analysis section of the report[6]. - The company faces risks related to high accounts receivable and potential bad debts, with strategies to strengthen dynamic management and maintain good customer relationships[55]. - The company faced challenges in its IoT public utility and smart logistics sectors due to the impact of the Shanghai pandemic lockdown[32]. Governance and Compliance - The report was not audited, and the management has confirmed the accuracy and completeness of the financial report[7]. - The company has committed to timely payment of employee salaries and social insurance contributions, ensuring compliance with labor laws[74]. - The company has established performance compensation agreements with key stakeholders to ensure accountability for financial performance[79]. Legal Matters - The company is involved in significant litigation matters, including a lawsuit with a total claim amount of approximately 231 million CNY related to loan principal and interest[81]. - The company has initiated legal proceedings against certain individuals for failure to pay performance compensation from 2020, with the case accepted by the court[82]. - The company has been actively involved in various court proceedings, including appeals and judgments, indicating ongoing legal challenges[82]. Research and Development - Research and development expenses increased by 4.24% to CNY 34.19 million, reflecting the company's commitment to technology advancement[37]. - The company has initiated a new R&D project focused on sustainable technologies, with an investment of $50 million over the next three years[65].

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。 公司负责人梁建华、主管会计工作负责人陈桂臣及会计机构负责人（会计主管人员）胡红月保证 季度报告中财务报表信息的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 2022 年第一季度报告 证券代码：603322 证券简称：超讯通信 超讯通信股份有限公司 2022 年第一季度报告 (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 | 本报告期比上年同期增减 变动幅度(%) | | --- | --- | --- | | 营业收入 | 352,826,244.52 | 27.28 | | 归属于上市公司股东的净利润 | 4,092,511.34 | 不适用 | | 归属于上市公司股东的扣除非经常性 损益的净利润 | 3,071,920.14 | 不适用 | | ...

Financial Performance - The company's operating revenue for 2021 was approximately ¥1.48 billion, a slight increase of 0.39% compared to ¥1.48 billion in 2020[22]. - The net profit attributable to shareholders of the listed company was a loss of approximately ¥230.82 million, representing a decrease of 682.86% compared to a profit of ¥39.60 million in 2020[22]. - The cash flow from operating activities for 2021 was approximately ¥59.21 million, down 26.64% from ¥80.71 million in 2020[22]. - The total assets at the end of 2021 were approximately ¥2.24 billion, a decrease of 1.99% compared to ¥2.28 billion at the end of 2020[23]. - The basic earnings per share for 2021 was -¥1.45, a decrease of 680.00% compared to ¥0.25 in 2020[23]. - The company reported a net loss of approximately ¥232.78 million in the fourth quarter of 2021, following a loss of ¥6.07 million in the third quarter[27]. - The company recorded a government subsidy of approximately ¥8.19 million in 2021, compared to ¥17.39 million in 2020[29]. - The weighted average return on equity for 2021 was -70.11%, a decrease of 79.98 percentage points from 9.87% in 2020[23]. - The company achieved operating revenue of 1,483.64 million RMB, a year-on-year increase of 0.39%[35]. - The net profit attributable to shareholders was -230.82 million RMB, a year-on-year decrease of 682.86%[35]. Operational Efficiency and Costs - The company's operating costs increased by 11.58% year-on-year, amounting to CNY 1,323,209,765.03[50]. - Research and development expenses rose by 15.67% to CNY 66,722,352.40, reflecting the company's commitment to innovation[50]. - The gross profit margin for the communication technology sector decreased by 1.58 percentage points, with revenue of 1,096.41 million RMB and costs of 1,004.81 million RMB[54]. - The Internet of Things (IoT) sector saw a significant decline, with revenue of 386.72 million RMB and a gross profit margin decrease of 52.46 percentage points[54]. - Revenue from the communication network maintenance business increased by 25.46%, reaching 726.94 million RMB, while costs rose to 662.61 million RMB[54]. - The company reported a significant reduction in costs related to vehicle operations, decreasing by 89.41% to 1,466,208.85 from 13,849,406.70 in the previous year[60]. - The overall operational efficiency has improved, as indicated by the reduction in various costs despite a drop in revenue in certain areas[62]. Market Expansion and Technology Development - The company is focused on expanding its market presence and developing new technologies, particularly in the fields of 4G and 5G communications[11]. - The company emphasizes the importance of edge computing and IoT in its future strategies[12]. - The company is actively expanding its market presence in the IoT sector, driven by the rapid development of 5G technology and its applications[44]. - The company plans to focus on expanding its market presence and enhancing product offerings in response to declining segments[64]. - The company launched new technology service projects in various industries, including pharmaceuticals and cosmetics, to expand its business scope[37]. - The company plans to increase R&D investment in 5G and IoT-related technologies, particularly in developing a series of 5G wireless coverage products[92]. Corporate Governance and Compliance - The company has a commitment to corporate governance and transparency, as evidenced by the attendance of all board members at the meeting[8]. - The company strictly adheres to information disclosure regulations, ensuring timely and accurate communication with investors, particularly minority shareholders[101]. - The company has established a comprehensive internal control management system in compliance with regulations, enhancing decision-making efficiency and ensuring asset safety[129]. - The internal control audit report received a standard unqualified opinion, indicating effective internal control systems[131]. - The company has not faced any significant internal control deficiencies during the reporting period[129]. Shareholder and Management Information - The company plans not to distribute cash dividends, issue bonus shares, or convert capital reserves into share capital for the 2021 fiscal year[4]. - The total remuneration for the chairman during the reporting period was 633,500 yuan, while the vice chairman received 1,562,700 yuan[106]. - The total remuneration for all directors, supervisors, and senior management was 5,905,700, reflecting the company's profitability and individual contributions[111]. - The company has seen a significant change in management, with the resignation of the deputy general manager due to personal reasons[112]. - The total number of employees in the parent company is 843, and in major subsidiaries, it is 374, resulting in a total of 1,217 employees[121]. Risks and Challenges - The management has outlined potential risks in the "Management Discussion and Analysis" section of the report[7]. - The company faces risks related to customer concentration, particularly with China Mobile as a major client, which could significantly impact its performance if market conditions change[95]. - The company faces goodwill impairment risks if the acquired company's operational performance deteriorates or fails to meet performance commitments, which could adversely affect the company's operating results[97]. Community Engagement and Social Responsibility - The company actively participates in social responsibility initiatives, donating RMB 100,000 in August 2021 for poverty alleviation efforts in Heilongjiang[133]. - The company has actively engaged in community support, donating RMB 50,000 to the Guangxi Zhuang Autonomous Region for welfare initiatives[133].

2021 年第三季度报告 证券代码：603322 证券简称：超讯通信 超讯通信股份有限公司 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。 公司负责人梁建华、主管会计工作负责人陈桂臣及会计机构负责人（会计主管人员）胡红月 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 | 本报告期 比上年同 | 年初至报告期末 | 年初至报告期 末比上年同期 | | --- | --- | --- | --- | --- | | | | 期增减变 | | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 | 387,839,893.53 | 10.40 | 1,055,206,133. ...

Financial Performance - The company reported a profit distribution plan for the reporting period, stating that there will be no profit distribution or capital reserve transfer to share capital[6]. - The company's operating revenue for the first half of the year reached approximately CNY 667.37 million, representing a year-on-year increase of 14.57% compared to CNY 582.51 million in the same period last year[21]. - The net profit attributable to shareholders decreased by 3.31% to CNY 8.03 million from CNY 8.30 million in the previous year[21]. - The basic earnings per share remained unchanged at CNY 0.05, while the diluted earnings per share also stayed at CNY 0.05[21]. - The weighted average return on equity decreased by 0.34 percentage points to 1.81% from 2.15% in the previous year[21]. - The net profit after deducting non-recurring gains and losses was CNY -21.38 million, compared to CNY -4.33 million in the same period last year, indicating a significant decline[21]. - The company's cash flow from operating activities showed a net outflow of CNY -102.69 million, an improvement from CNY -123.08 million in the previous year[21]. - The total assets increased by 1.97% to CNY 2.33 billion from CNY 2.28 billion at the end of the previous year[21]. - The net assets attributable to shareholders increased by 8.83% to CNY 457.51 million from CNY 420.37 million at the end of the previous year, primarily due to the completion of the registration of 3.63 million restricted shares for 43 equity incentive targets[22]. Risks and Challenges - The company has outlined potential risks in the "Management Discussion and Analysis" section of the report[8]. - The company faces risks of profit decline due to intensified market competition and cost control measures by telecom operators, leading to a downward trend in profit levels in the telecom technology service industry[56]. - There is a risk of revenue decline in the telecom technology service business due to potential reductions in procurement volumes from clients with insufficient budgets[56]. - The company is actively pursuing mergers and acquisitions to advance its strategic deployment, but faces integration risks that could affect the expected outcomes of these investments[56]. - There is a risk of goodwill impairment if the acquired companies' operational conditions deteriorate or if performance commitments are not met, which could adversely impact the company's financial performance[57]. Corporate Governance - The board of directors confirmed that all members attended the board meeting, ensuring the integrity of the report[4]. - The financial report has not been audited, but management has declared its accuracy and completeness[5]. - The company has not faced any non-operating fund occupation by controlling shareholders or related parties[8]. - The company has not engaged in any significant related party transactions during the reporting period[76]. - The company has established performance compensation agreements with its subsidiaries to ensure net profit targets are met[74]. Strategic Initiatives - The company launched a restricted stock incentive plan to enhance the governance structure and motivate core personnel for sustainable development[36]. - The company is actively developing new products, including a city-level energy big data platform and a comprehensive power operation and maintenance management platform[37]. - The company plans to actively expand its customer base to mitigate risks associated with reliance on major clients like China Mobile[55]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of up to RMB 500 million for potential deals[71]. Shareholder Information - The company has committed to not transferring or entrusting its shares to others for 36 months post-listing, ensuring stability in shareholding[72]. - Shareholders are restricted from selling more than 50% of their total shares within two years after the lock-up period ends, promoting long-term investment[72]. - The company has established a commitment to avoid competition with its own subsidiaries, ensuring a clear operational focus and reducing conflicts of interest[72]. Financial Reporting and Compliance - The company adheres to the accounting policies and estimates as per the relevant accounting standards, ensuring accurate financial reporting[144]. - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired in a business combination[152]. - The company applies the expected credit loss model for long-term receivables and debt investments, ensuring proper accounting treatment[191]. - The company recognizes expected credit losses for receivables and contract assets, adjusting for any differences in impairment provisions[179][185]. Operational Highlights - The company successfully won bids for communication network construction projects in 17 provinces, including significant projects in Henan, Jiangxi, and Zhejiang[35]. - In the IoT sector, the company expanded its market share in smart water services in Northeast China, securing contracts for smart water meter supply with multiple clients[35]. - The company invested ¥75,865,320.43 in the production and R&D of new generation communication equipment, with a cumulative investment of ¥101,860,267.95, indicating a 35% increase in project progress[51]. Legal and Regulatory Matters - Legal actions have been initiated against shareholders for unpaid equity repurchase amounts totaling 993.53 million yuan, indicating potential financial risks[39]. - The company has not yet faced any penalties or legal actions related to the prospectus issues[69]. - The company commits to compensating investors for losses incurred due to misleading statements in the prospectus once recognized by the regulatory authority[69].

2021 年第一季度报告 一、 重要提示 二、 公司基本情况 2021 年第一季度报告 公司代码：603322 公司简称：超讯通信 超讯通信股份有限公司 2021 年第一季度报告 1 / 20 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 9 | 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 / 20 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 2,372,808,730.06 2,283,569,719.45 3.91 归属于上市公司 股东的净资产 442,568,892.77 420,366,511.20 5.28 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 11,034,877.84 -145,912,100.79 不适用 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 277,202,073.03 254,582,741.32 8.88 归属于上 ...

Financial Performance - Operating revenue for the first nine months was CNY 933,823,903.07, a slight decrease of 0.11% year-on-year[7] - Net profit attributable to shareholders of the listed company was CNY -2,688,341.70, compared to CNY -55,591,598.77 in the same period last year, indicating an improvement[7] - The weighted average return on net assets improved to 8.20% from -10.41% year-on-year[7] - The basic earnings per share for the reporting period was CNY 0.21, compared to CNY -0.36 in the same period last year[7] - The company reported a total non-recurring gains and losses of CNY 22,671,662.51 for the first nine months[10] - Operating profit was ¥61,283,611.50, a significant improvement compared to the previous loss of ¥28,060,197.81, driven by cost control and increased government subsidies[17] - Total profit amounted to ¥62,355,860.63, a turnaround from a loss of ¥28,966,671.08 in the prior period[17] - Net profit for the third quarter was CNY 50,659,707.90, a decrease of 35.7% compared to the previous year[18] - The net profit attributable to the parent company was ¥24,308,464.03, compared to a net loss of ¥47,745,798.03 in the same period last year[33] - The total profit for Q3 2020 was ¥41,651,421.02, while the total profit for Q3 2019 was a loss of ¥28,966,671.08[32] Cash Flow - The net cash flow from operating activities for the first nine months was CNY 13,882,704.62, a significant recovery from CNY -209,559,071.19 in the previous year[7] - The company's cash flow from operating activities increased by 35.77% to CNY 87,852,890.84, primarily due to an increase in government subsidies received[19] - Total cash inflow from operating activities reached CNY 1,034,531,101.10, up from CNY 902,751,883.24 in the first nine months of 2019[39] - Cash outflow from operating activities decreased to CNY 1,020,648,396.48 from CNY 1,112,310,954.43 year-on-year[39] - The company reported a net cash outflow from investing activities of CNY 24,168,319.21, an improvement from CNY 38,162,488.61 in the previous year[40] - Cash inflow from financing activities totaled CNY 394,081,171.07, down from CNY 573,335,152.47 in the same period last year[40] - The net cash flow from financing activities was negative at CNY -123,687,813.62, compared to a positive CNY 23,632,698.06 in the previous year[40] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,213,858,344.89, a decrease of 0.87% compared to the end of the previous year[7] - The total number of shareholders at the end of the reporting period was 16,447[11] - The largest shareholder, Liang Jianhua, holds 41.77% of the shares, with 38,948,000 shares pledged[12] - Accounts receivable decreased by 25.36% to ¥915,999,467.98 due to the implementation of new revenue standards[15] - Contract assets reached ¥317,129,165.71, reflecting the new revenue recognition policy[15] - Total current liabilities decreased to CNY 1,383,403,371.04 from CNY 1,428,814,288.06, reflecting improved financial management[25] - Total liabilities as of September 30, 2020, were CNY 1,454,997,736.70, compared to CNY 1,393,137,643.46 at the end of 2019[29] - The company reported a negative retained earnings of approximately -$8.98 million[50] Government Subsidies - The company received government subsidies amounting to CNY 8,241,498.41 during the reporting period, contributing to its financial performance[9] - The company received government subsidies that increased other income by 147.09% to ¥17,127,937.77[17] - The company received CNY 87,852,890.84 in government subsidies, which is a significant increase compared to the previous year[19] Cost Management - The company reported a significant reduction in employee compensation payments, down 31.88% to CNY 126,483,970.05, due to resource adjustments and personnel streamlining[19] - The company achieved a gross profit margin of approximately 5.8% in Q3 2020, down from 13.7% in Q3 2019[36] - The company's R&D expenses for Q3 2020 were ¥6,115,165.68, down from ¥7,807,235.23 in Q3 2019, indicating a reduction of approximately 21.6%[36] - The financial expenses for Q3 2020 were ¥5,702,096.63, a decrease from ¥8,110,724.92 in Q3 2019, reflecting a reduction of about 29.5%[36] Future Outlook - The company expects to turn a profit for the year compared to the previous year's loss, based on the operating conditions and contracts signed[20] - The company has initiated new projects in communication equipment production and cloud computing centers, contributing to significant capital expenditures[16] - The company has adopted new revenue and lease standards starting from 2020, which may impact future financial reporting and performance metrics[42]