关于召开 2022 年度业绩说明会的公告 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法律责任。 证券代码：603496 证券简称：恒为科技 公告编号：2023-038 恒为科技（上海）股份有限公司 重要内容提示： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 04 月 27 日（星期四）至 05 月 05 日（星期五）16:00 前 登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 securities.affairs@embedway.com 进行提问。公司将在说明会上对投资者普遍关注 的问题进行回答。 恒为科技（上海）股份有限公司（以下简称"公司"）已于 2023 年 4 月 27 日发布公司 2022 年度报告，为便于广大投资者更全面深入地了解公司 2022 年度 经营成果、财务状况，公司计划于 2023 年 05 月 08 日下午 13:00-14:00 举行 2022 年度业绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 本次 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥213,708,539.45, representing a year-on-year increase of 29.41%[7]. - The net profit attributable to shareholders for Q3 2022 was ¥28,889,052.55, showing a slight decrease of 1.97% compared to the same period last year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 139.15% year-on-year, amounting to ¥27,035,773.36[7][14]. - Total operating revenue for the first three quarters of 2022 was approximately ¥462.83 million, a decrease of 7.66% compared to ¥501.17 million in the same period of 2021[30]. - Operating profit for the first three quarters of 2022 was approximately ¥42.14 million, a decline of 9.83% from ¥46.51 million in the previous year[33]. - Net profit attributable to shareholders of the parent company was approximately ¥44.99 million, slightly down from ¥45.04 million in the same period last year[37]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,730,081,461.34, reflecting a 7.15% increase from the end of the previous year[10]. - The company's current assets totaled ¥1,278,890,313.37 as of September 30, 2022, compared to ¥1,196,929,070.27 at the end of 2021, indicating an increase of about 6.84%[23]. - Total liabilities reached ¥507,047,489.14, up from ¥440,862,320.81, representing an increase of around 14.99%[29]. - The company's equity attributable to shareholders was reported at ¥1,225,315,043.46, compared to ¥1,174,204,311.66, indicating a growth of about 4.34%[29]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥3,088,354.48[7]. - Cash flow from operating activities generated a net amount of approximately ¥3.09 million, a significant improvement from a net outflow of ¥23.80 million in the previous year[41]. - Total cash and cash equivalents at the end of the period amounted to $330.58 million, compared to $381.01 million in the previous year[43]. - Net cash inflow from investment activities was -$53.9 million, a decrease from -$178.7 million year-over-year[43]. - Net cash flow from financing activities was $63.68 million, a significant decrease from $429.57 million year-over-year[43]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,572[15]. - The number of shares held by the top ten unrestricted shareholders totaled 99,000,000 shares, with Shen Zhenyu, Hu Deyong, and Wang Xiang identified as acting in concert as controlling shareholders[18]. Expenses - Research and development expenses for the first three quarters of 2022 were approximately ¥91.86 million, a decrease of 6.00% compared to ¥98.33 million in the same period of 2021[33]. - Sales expenses decreased to approximately ¥23.31 million, down 4.65% from ¥24.45 million year-over-year[33]. - The company reported a tax expense of approximately ¥354,379.59, a significant decrease from ¥4.78 million in the previous year[33]. Government Support - The company received government subsidies amounting to ¥1,206,280.00 during the reporting period, contributing to its non-recurring gains[11]. Future Plans - The company plans to continue expanding its network visualization services, which have significantly contributed to the increase in net profit[14].

Financial Performance - The company reported a total revenue of 1.5 billion RMB for the first half of 2022, representing a year-over-year increase of 15%[2]. - The company's operating revenue for the first half of 2022 was ¥249,118,424.91, a decrease of 25.86% compared to ¥336,025,481.37 in the same period last year[25]. - The net profit attributable to shareholders of the listed company was ¥16,097,800.22, representing an increase of 3.37% from ¥15,572,691.32 year-on-year[25]. - The net profit after deducting non-recurring gains and losses was ¥11,025,384.49, down 27.46% from ¥15,198,701.19 in the previous year[25]. - The net cash flow from operating activities was ¥19,338,468.31, a decrease of 46.53% compared to ¥36,167,725.81 in the same period last year[25]. - The total assets at the end of the reporting period were ¥1,684,047,112.06, an increase of 4.30% from ¥1,614,688,527.84 at the end of the previous year[25]. - The net assets attributable to shareholders of the listed company were ¥1,192,160,214.29, reflecting a growth of 1.53% from ¥1,174,204,311.66 at the end of the previous year[25]. - Basic earnings per share for the first half of 2022 were ¥0.0706, down 9.83% from ¥0.0783 in the same period last year[25]. - The weighted average return on net assets was 1.36%, a decrease of 0.53 percentage points from 1.89% year-on-year[25]. - The company achieved operating revenue of 249.12 million RMB in the first half of 2022, a year-on-year decrease of 25.86%[85]. User Growth and Market Expansion - User data indicates an increase in active users by 20% compared to the same period last year, reaching 2 million active users[2]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share in the region by 2025[2]. - The company has provided a performance guidance for the second half of 2022, expecting a revenue growth of 10% to 12%[2]. Research and Development - Research and development expenses increased by 30% year-over-year, totaling 200 million RMB, focusing on 5G technology advancements[2]. - R&D expenses accounted for 24.63% of operating revenue, reflecting the company's commitment to innovation[88]. - The company continues to focus on integrating various computing and processing technologies to optimize performance and cost efficiency[25]. Product Development and Innovation - New product launches include a next-generation communication module, projected to contribute an additional 300 million RMB in revenue by the end of 2022[2]. - The intelligent system platform business includes products based on industry standards like ATCA, VPX, and CPCI, targeting sectors such as wireless networks and cloud computing[41]. - The company is actively developing smart IoT solutions, including intelligent inspection robots for rail transport and smart security applications, while expanding into energy and water management markets[45]. Strategic Partnerships and Collaborations - A new strategic partnership was announced with a leading telecommunications provider, expected to enhance service offerings and customer reach[2]. - The company has established partnerships with domestic chip manufacturers to develop competitive, fully domestic information technology products and solutions[45]. - The company has formed deep partnerships with major domestic chip manufacturers, enhancing its competitive position in the market[75]. Market Risks and Challenges - The company has identified potential risks related to supply chain disruptions, which may impact future performance[2]. - The network visualization business experienced a revenue decline due to pandemic-related disruptions and global chip supply issues, but the company maintains an optimistic outlook for the second half of the year[40]. - The company faces market competition risks as the industry attracts more participants, potentially leading to reduced profit margins and market share[102]. Financial Commitments and Governance - The board has approved a profit distribution plan, with no plans for capital increase through reserves at this time[2]. - The company has implemented strict procedures for related party transactions to ensure fairness and protect minority shareholders[123]. - The company guarantees that its prospectus for the initial public offering does not contain false records, misleading statements, or significant omissions, and assumes legal responsibility for its authenticity, accuracy, and completeness[126]. Shareholder Information - The total number of shares after the recent changes is 227,954,505, with 99.93% being unrestricted circulating shares[148]. - The total number of common shareholders at the end of the reporting period was 18,041[157]. - Significant share reductions were noted for major shareholders, including a decrease of 6,500,000 shares for Shen Zhenyu[157]. Cash Flow and Investments - Cash flow from operating activities generated a net amount of CNY 19,338,468.31, down from CNY 36,167,725.81 in the first half of 2021, representing a decrease of approximately 46%[195]. - Cash outflow from investing activities totaled CNY 172,318,803.93, compared to CNY 71,691,996.28 in the previous year, indicating an increase of approximately 140%[195]. - The company received CNY 80,000,000.00 from investment recoveries during the first half of 2022, with an additional CNY 3,250,000.00 from investment income[195].

2022 年第一季度报告 单位：元 币种：人民币 证券代码：603496 证券简称：恒为科技 恒为科技（上海）股份有限公司 2022 年第一季度报告 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、准确性和完整性依法承担法律责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务报表 信息的真实、准确、完整。 第一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 | --- | --- | --- | |-----------------------------------------------|----------------|------------------------| | 项目 | 本报告期 | 本报告期比上年同期增减 | | 营业收入 | 151,069,145.61 | 变动幅度 (%) 27.38 | | 归 ...

Financial Performance - The company's operating revenue for 2021 was ¥678,205,680.18, representing a 27.21% increase compared to ¥533,124,549.14 in 2020[27]. - The net profit attributable to shareholders for 2021 was ¥53,440,330.58, a 46.83% increase from ¥36,395,234.29 in 2020[27]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥10,118,083.66, showing a decrease of 67.26% compared to ¥30,905,632.87 in 2020[27]. - The net cash flow from operating activities for 2021 was -¥65,963,795.61, an improvement of 16.96% from -¥79,431,924.85 in 2020[27]. - The net assets attributable to shareholders at the end of 2021 were ¥1,174,204,311.66, a 44.04% increase from ¥815,167,930.73 at the end of 2020[27]. - The total assets at the end of 2021 were ¥1,614,688,527.84, reflecting a 38.18% increase from ¥1,168,528,095.24 at the end of 2020[27]. - Basic earnings per share (EPS) for 2021 was 0.2564 RMB, up 39.50% from 0.1838 RMB in 2020[28]. - The cash flow from operating activities improved by 16.96% due to increased sales collections during the reporting period[114]. - The net cash flow from financing activities was ¥283,483,569.86, showing a significant increase of 382.37% year-over-year[11]. Research and Development - The company invested 133.88 million RMB in R&D in 2021, a 19.03% increase year-on-year, accounting for 19.74% of total sales revenue[40]. - The total R&D expenditure was ¥133,879,606.73, which constitutes 19.74% of operating revenue[7]. - The number of R&D personnel was 317, making up 57.12% of the total workforce[9]. - The company is actively investing in research and development for new products, particularly in the areas of embedded computing and intelligent systems[102]. Market Position and Strategy - The company is a leading provider of network visualization and intelligent system platforms in China, focusing on solutions for telecom networks, information security, and industrial internet[67]. - The company anticipates continued growth in the network visualization market driven by national strategies and increased data center construction[39]. - The company is focusing on developing domestic and intelligent integrated hardware and software solutions, establishing partnerships with domestic chip manufacturers to enhance its product offerings[84]. - The company is positioned as a leader in the network visualization field, with nearly two decades of product and technology accumulation[100]. - The company will continue to invest in new product and technology development, particularly in 5G, cybersecurity, and smart IoT, to capture market opportunities[195]. Operational Highlights - The company has detailed risk factors related to its operations in the board report[9]. - The report includes a comprehensive discussion and analysis of the company's operational conditions and potential risks[9]. - The company expanded its sales team and established multiple service centers across various cities to enhance customer service and support[46]. - The company completed several quality management system certifications, including ISO9001 and ISO27001, ensuring high-quality product delivery[47]. Investments and Acquisitions - The company invested 6 million yuan to increase its stake in Beijing Zicai Information Technology Co., Ltd. to 2.12%[52]. - In July 2021, the company sold a 26.67% stake in Nanjing Yunji Information Technology Co., Ltd. for 8 million yuan, ceasing control over the company[52]. - The company established two investment funds, "Husong Xinjv" and "Husong Puxin," with investments leading to two companies successfully listing on the Shanghai Stock Exchange's Sci-Tech Innovation Board[55]. Industry Trends and Outlook - The domestic demand for network visualization products is driven by the ongoing implementation of 5G networks by major telecom operators, with a noticeable recovery in government sector demand[57]. - The intelligent systems market is expected to see significant growth, particularly in industrial automation and information technology sectors[63]. - The upcoming 5G network construction is expected to drive significant changes in the information technology industry, leading to explosive growth in network traffic and expanded application scenarios for network visualization[90]. - The network security industry is projected to exceed 250 billion yuan by 2023, with a compound annual growth rate (CAGR) of over 15%[94]. Corporate Governance - The company received a standard unqualified audit report from Zhonghua Certified Public Accountants[6]. - The board of directors confirmed that all members attended the board meeting, ensuring accountability for the report's accuracy[5]. - The financial report is guaranteed to be true, accurate, and complete by the company's responsible personnel[6]. - There are no non-operational fund occupations by controlling shareholders or related parties[9]. - The company has not disclosed any significant changes in shareholder structure or share capital during the reporting period[12].

Group 1: Industry Trends and Market Opportunities - The network visualization industry is expected to maintain a stable growth rate, driven by the gradual construction of 5G networks and the development of big data governance [3] - The demand for network visualization applications from government sectors is anticipated to rebound in 2022, following an increase in project opportunities [3] - The "East Data West Computing" national strategy is expected to open up new opportunities for data center construction and network data traffic growth [3] Group 2: Company Performance and Orders - The company secured a 40% share in the bid for box-type devices and a 50% share for card-type devices in the China Mobile procurement orders [3] - Revenue from the intelligent system platform has grown rapidly from CNY 68.51 million in 2018 to CNY 226.19 million in 2020, reflecting a compound annual growth rate (CAGR) of over 80% [4] Group 3: Development of Domestic Information Technology - The company has been investing in domestic information technology since 2015, accumulating technology, products, and market channels [5] - The domestic information technology market is maturing, with increasing application demand supported by policy initiatives [5] - The company has established partnerships with major clients and is involved in significant domestic information technology projects, laying a solid foundation for future performance [5] Group 4: Intelligent Operations and Future Applications - The intelligent operations business, centered around smart power inspection robots, has expanded into rail transit and smart park sectors [6] - The company is actively developing solutions for clean energy sectors, including distributed and centralized photovoltaic power plants [7] Group 5: Future Growth Drivers - Growth in network visualization demand from operators and government sectors, along with expansion into financial markets, is expected to drive performance [8] - Rapid growth in demand for intelligent computing platforms and network security products in the domestic information technology market [8] - Successful applications of smart inspection robots in rail transit and smart parks are set to expand into petrochemical, electricity, and water sectors [9]

Financial Performance - The company's operating revenue for Q3 2021 was ¥165,143,185.43, representing an increase of 18.11% year-over-year[7] - Net profit attributable to shareholders for the same period was ¥29,470,804.14, reflecting a year-over-year increase of 9.19%[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥11,305,096.68, showing a decrease of 58.11% compared to the previous year[7] - The total revenue for the first three quarters of 2021 reached ¥501,168,666.80, a significant increase of 62.0% compared to ¥309,279,492.37 in the same period of 2020[32] - The net profit for the first three quarters of 2021 was ¥41,665,084.91, compared to ¥2,902,532.32 in 2020, indicating a substantial growth[39] - The total operating costs for the first three quarters of 2021 were ¥475,698,070.19, up from ¥300,988,998.47 in 2020, reflecting a 58.0% increase[35] Assets and Liabilities - The total assets at the end of the reporting period reached ¥1,625,012,074.52, marking a 39.06% increase from the end of the previous year[9] - The total assets increased to ¥1,625,012,074.52, up from ¥1,168,528,095.24, representing an increase of 38.9%[31] - The total liabilities rose to ¥421,202,897.66, compared to ¥356,820,026.98 in the previous year, marking an increase of 17.9%[31] - The company's total assets as of the end of the reporting period were CNY 885,743,769.06, reflecting a slight decrease in current assets[49] - Current liabilities reached $352,949,697.48, remaining unchanged from the previous period[52] Shareholder Equity - The equity attributable to shareholders increased to ¥1,204,446,530.53, up 47.75% year-over-year[9] - The equity attributable to shareholders of the parent company increased to ¥1,204,446,530.53 from ¥815,167,930.73, reflecting a growth of 47.7%[31] - Shareholders' equity totaled $811,708,068.26, reflecting no change from the previous reporting period[53] Cash Flow - The company reported a significant increase in cash flow from operating activities, with a year-to-date cash flow of -¥23,801,524.73, an improvement of 71.47% compared to the previous year[7] - Cash inflow from operating activities totaled CNY 576,626,008.60, compared to CNY 336,969,749.48 in the previous period[43] - Net cash flow from operating activities was negative CNY 23,801,524.73, an improvement from negative CNY 83,432,166.59 in the previous period[46] - Cash inflow from financing activities was CNY 514,627,891.19, significantly higher than CNY 41,152,217.00 in the previous period[46] - Cash and cash equivalents at the end of the period reached CNY 381,005,139.40, up from CNY 119,492,787.93 in the previous period[46] Investments - The company reported a 999.44% increase in investment income, attributed to the revaluation of investments from the transfer of equity in a subsidiary[12] - The company reported an investment income of ¥18,151,389.40 for the first three quarters of 2021, compared to ¥1,650,962.13 in 2020, indicating a significant increase[35] - The company received CNY 345,614,789.60 from investment activities, a significant increase from CNY 3,652,217.00 in the previous period[46] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,447[13] - The company’s major shareholders include Shen Zhenyu with a 17.07% stake and Hu Deyong with a 9.14% stake, both of whom have pledged a portion of their shares[16] Research and Development - Research and development expenses for the first three quarters of 2021 amounted to ¥98,326,188.41, an increase from ¥79,135,677.88 in 2020, showing a growth of 24.2%[35] Corporate Actions - The company completed a non-public offering of A-shares, issuing 28,932,436 shares at a price of RMB 11.99 per share, raising a total of RMB 346,899,907.64[20] - The company won bids for 40% of the basic function equipment and advanced function equipment, and 50% of the advanced function card equipment in the China Mobile procurement, with an estimated total bid amount of approximately RMB 16,329,000[22] - The company transferred 26.67% equity in Nanjing Yunji Information Technology Co., Ltd. for RMB 8 million, reducing its holding to 28.15%[21] Compliance and Standards - The company has implemented new leasing standards affecting financial statements, with adjustments noted in current assets[49] - The company has implemented new leasing standards effective January 1, 2021, impacting financial statement adjustments[55] Management and Strategy - The company continues to focus on long-term growth strategies and market expansion initiatives[54] - The board of directors announced the financial results on October 27, 2021[56]

Financial Performance - The company's operating revenue for Q3 2021 was ¥165,143,185.43, representing an increase of 18.11% year-over-year[6]. - The net profit attributable to shareholders for the same period was ¥29,470,804.14, reflecting a year-over-year increase of 9.19%[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 58.11% to ¥11,305,096.68[6]. - The company reported a significant increase in net profit for the year-to-date period, up 578.89% to ¥45,043,495.46[6]. - Total operating revenue for the first three quarters of 2021 reached ¥501,168,666.80, a significant increase of 62.0% compared to ¥309,279,492.37 in the same period of 2020[32]. - Net profit for the third quarter of 2021 was ¥41,665,084.91, compared to ¥2,902,532.32 in the same quarter of 2020, indicating a substantial increase[36]. - Total comprehensive income attributable to the parent company was CNY 45,043,495.46, an increase of 6,634,844.88 compared to the previous period[38]. - Basic earnings per share (EPS) was CNY 0.1983, up from CNY 0.0345 in the previous period[38]. Assets and Liabilities - The total assets at the end of the reporting period reached ¥1,625,012,074.52, an increase of 39.06% compared to the end of the previous year[8]. - The company's total assets increased to ¥1,625,012,074.52 in Q3 2021 from ¥1,168,528,095.24 in Q3 2020, representing a growth of 38.9%[31]. - Total liabilities rose to ¥421,202,897.66 in Q3 2021, compared to ¥356,820,026.98 in Q3 2020, marking an increase of 18.0%[31]. - The company's equity attributable to shareholders increased by 47.75% to ¥1,204,446,530.53[8]. - The company's equity attributable to shareholders increased to ¥1,204,446,530.53 in Q3 2021 from ¥815,167,930.73 in Q3 2020, a growth of 47.7%[31]. Cash Flow - The cash flow from operating activities showed a net outflow of ¥23,801,524.73, a decrease of 71.47% compared to the previous year[6]. - Net cash flow from operating activities was negative CNY 23,801,524.73, an improvement from negative CNY 83,432,166.59 in the previous period[43]. - Cash received from sales of goods and services was CNY 563,787,060.84, compared to CNY 322,916,199.10 in the previous period, representing a significant increase[43]. - The ending cash and cash equivalents balance was CNY 381,005,139.40, up from CNY 119,492,787.93 in the previous period[45]. - The company reported a net increase in cash and cash equivalents of CNY 227,068,469.67 during the period[45]. Investments and Financing - The company successfully issued 28,932,436 new shares at a price of RMB 11.99 per share, raising a total of RMB 346,899,907.64, with net proceeds of RMB 342,055,605.68 after deducting issuance costs[19]. - The company transferred 26.67% equity of Nanjing Yunji Information Technology Co., Ltd. for RMB 8 million, resulting in an estimated gain of approximately RMB 16,389,200[20]. - The company secured a total bid amount of approximately RMB 16,329,000 from China Mobile for the procurement of aggregation and diversion equipment, with a winning share of 40% in two packages and 50% in one package[21]. - The company is actively progressing with its fundraising projects, utilizing RMB 65,111,083.68 to replace pre-invested self-raised funds[19]. - The company received CNY 345,614,789.60 from investment activities, indicating strong capital inflow[45]. Research and Development - Research and development expenses for the third quarter of 2021 were ¥98,326,188.41, up from ¥79,135,677.88 in the same quarter of 2020, reflecting a 24.2% increase[36]. Market Strategy - The increase in revenue was primarily driven by the acceptance of network visualization and 5G projects, as well as rapid growth in the intelligent system platform business[11]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[32]. - The company plans to continue expanding its market presence and investing in new technologies[41].

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥336,025,481.37, representing a 98.29% increase compared to ¥169,463,176.15 in the same period last year [30]. - The net profit attributable to shareholders was ¥15,572,691.32, a significant recovery from a loss of ¥20,354,697.17 in the previous year [30]. - The net cash flow from operating activities was ¥36,167,725.81, compared to a negative cash flow of ¥29,487,864.31 in the same period last year [30]. - The company's total assets increased by 5.08% to ¥1,227,846,965.36 from ¥1,168,528,095.24 at the end of the previous year [30]. - The net assets attributable to shareholders rose to ¥831,101,835.90, reflecting a 1.95% increase from ¥815,167,930.73 at the end of the previous year [30]. - Basic earnings per share improved to ¥0.0783, compared to a loss of ¥0.1018 per share in the same period last year [30]. - The weighted average return on net assets increased by 4.46 percentage points to 1.89% from -2.57% in the previous year [30]. - The gross profit margin stood at 41.45%, showing a stable slight increase [83]. - The company achieved a revenue of 336.03 million RMB, representing a year-on-year increase of 98.29% [83]. - The net profit attributable to shareholders was 15.57 million RMB, marking a turnaround from loss to profit [83]. Shareholder Information - The company announced a cash dividend of 0.5 yuan per 10 shares (including tax) to all shareholders, with no stock bonus or capital increase planned [6]. - The company has not disclosed any significant changes in shareholder structure or stock movements during the reporting period [11]. - The total number of ordinary shareholders at the end of the reporting period was 14,648 [141]. - The largest shareholder, Shen Zhenyu, held 38,913,031 shares, representing 19.55% of the total shares, with 10 million shares pledged [143]. - The second-largest shareholder, Hu Deyong, held 20,846,266 shares, representing 10.47% of the total shares, with 6.63 million shares pledged [143]. - The company reported a significant reduction in shares held by management, with Qin Fang's shares decreasing by 71,155 due to equity incentive buybacks [149]. Risk Management - The company has detailed potential risks in the report, advising investors to review the discussion and analysis section for risk factors [8]. - The report includes a forward-looking statement risk declaration, indicating that future plans and strategies do not constitute a commitment to investors [7]. - There are no violations of decision-making procedures regarding external guarantees [8]. - The company has not engaged in any non-operational fund occupation by controlling shareholders or related parties [8]. - The company has not faced any issues with a majority of directors being unable to guarantee the report's authenticity [8]. Research and Development - The company's R&D investment accounted for 21.24% of revenue, with a total of 5 patents and 15 software copyrights granted during the reporting period [87]. - R&D expenses increased by 32.38% year-on-year to ¥71,367,768.43, reflecting a return to normal after pandemic-related policies in 2020 [90]. - The company is actively engaged in R&D in network visualization and domestic information technology, maintaining its technological leadership [87]. - The company is actively investing in R&D for new-generation network visualization infrastructure products and domestic information technology platforms to meet the demands of 5G network upgrades and information security [86]. Market Position and Strategy - The company continues to focus on intelligent system solutions, primarily in network visualization and intelligent system platform businesses, with no significant changes in its main operations during the reporting period [34]. - The company aims to enhance its product offerings and market presence in the fields of information security and industrial internet [34]. - The company is a pioneer in the network visualization field, leading in both technology and market share [55]. - The network visualization industry is experiencing rapid growth, with procurement peaks typically occurring in the fourth quarter of each year [54]. - The company maintains a competitive advantage in the smart systems sector with a comprehensive technology system and strong market share [62]. Financial Position - The company held cash and cash equivalents of ¥230,643,594.37, representing 18.78% of total assets, an increase of 48.75% from the previous year [91]. - Total current assets increased to CNY 920,604,442.98 as of June 30, 2021, up from CNY 885,743,769.06 at the end of 2020, representing a growth of approximately 3.1% [158]. - Total liabilities rose to CNY 396,446,321.11, up from CNY 356,820,026.98, indicating an increase of approximately 11.1% [163]. - Total equity attributable to shareholders increased to CNY 831,101,835.90 from CNY 815,167,930.73, a growth of about 1.5% [163]. - The company reported a total guarantee amount of RMB 15,000,000, which accounts for 1.80% of the company's net assets [130]. Corporate Governance - The board of directors confirmed that all members attended the meeting, ensuring the accuracy and completeness of the semi-annual report [5]. - The company has established a governance structure to ensure fair and just related party transactions, protecting the interests of the company and minority shareholders [114]. - The company has implemented strict measures for related party transactions according to its articles of association and management regulations [111]. - The actual controllers of the company, including Shen Zhenyu, Hu Deyong, and Wang Xiang, have committed to not engage in any business that competes with the company's main operations, both directly and indirectly [115]. - The company has committed to notifying it of any competitive business opportunities obtained from third parties by its actual controllers [115].

Financial Performance - Operating revenue for the reporting period reached approximately CNY 118.59 million, an increase of 117.89% year-on-year[10] - Net profit attributable to shareholders was approximately -CNY 19.69 million, an improvement of 19.35% compared to the same period last year[10] - The company anticipates significant growth in operating revenue and a substantial improvement in net profit for the first half of the year, driven by the gradual acceptance of 5G network visualization projects and a surge in domestic intelligent computing and networking business[22] - The company reported a net profit of ¥193,911,971.87, down from ¥210,859,939.99, indicating a decrease of about 8.00%[37] - The company reported a significant increase in cash outflow for employee payments, which rose to CNY 52,875,411.15 in Q1 2021 from CNY 31,071,207.55 in Q1 2020, marking an increase of about 70%[56] Cash Flow - The net cash flow from operating activities was approximately -CNY 83.25 million, a decline of 348.45% year-on-year[10] - The net cash flow from operating activities was negative at ¥-83,246,689.68, worsening from ¥-18,563,259.42, primarily due to increased procurement expenditures and year-end employee bonuses[19] - The net cash flow from investing activities was also negative at ¥-60,031,263.37, compared to a positive flow of ¥95,886,531.43, mainly due to no redemption of structured deposits and payments for stock repurchases[19] - The net cash flow from financing activities improved to ¥76,646,153.10 from ¥-3,010,994.73, primarily due to increased bank borrowings[19] - The total cash outflow from operating activities in Q1 2021 was CNY 231,877,636.27, compared to CNY 126,211,181.50 in Q1 2020, indicating a significant increase of about 83.7%[56] Assets and Liabilities - Total assets at the end of the reporting period were approximately CNY 1.16 billion, a decrease of 0.65% compared to the end of the previous year[10] - Total liabilities increased to ¥367,612,965.24 from ¥356,820,026.98, representing a growth of approximately 0.22%[32] - Current assets totaled ¥834,409,003.34, slightly down from ¥836,711,675.91, indicating a decrease of about 0.28%[36] - Total non-current assets amounted to ¥349,942,100.44, up from ¥345,020,078.45, which is an increase of around 1.00%[36] - Total liabilities reached $356,820,026.98, a decrease of $2,433,812.53 from the last reporting period[67] Shareholder Information - The number of shareholders at the end of the reporting period was 13,049[14] - Total equity attributable to shareholders decreased to ¥798,167,987.63 from ¥815,167,930.73, a decline of approximately 2.08%[32] - Shareholders' equity totaled $811,708,068.26, remaining unchanged from the previous period[67] Expenses - Operating costs rose to ¥74,164,730.26, reflecting an increase of 118.65% from ¥33,919,362.28, consistent with the revenue growth trend[19] - Research and development expenses increased by 35.33% to ¥41,637,043.57 from ¥30,766,850.74, primarily due to higher personnel costs and technology development expenses[19] - Sales expenses rose to ¥9,130,258.37 in Q1 2021, up from ¥4,676,356.04 in Q1 2020, marking an increase of 95%[42] Borrowings - Short-term borrowings increased by 56.11% to CNY 140.50 million, primarily due to new bank loans[16] - Long-term borrowings amounted to ¥913,000.00, all due within one year[19] - Long-term borrowings were recorded at $913,000.00, remaining stable compared to the previous period[67] Other Financial Metrics - The weighted average return on equity increased by 0.64 percentage points to -2.45%[10] - Basic earnings per share for Q1 2021 were -¥0.0990, compared to -¥0.1228 in Q1 2020[44] - Investment income surged by 714.84% to ¥1,740,766.11 from ¥213,631.86, mainly attributed to recognized investment income from joint ventures[19]