Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.5 billion yuan for the first half of 2022, representing a year-on-year growth of 20%[14]. - The company's operating revenue for the first half of 2022 was CNY 411.20 million, a decrease of 18.32% compared to CNY 503.43 million in the same period last year[21]. - Net profit attributable to shareholders decreased by 33.72% to CNY 131.95 million from CNY 199.10 million year-on-year[23]. - Basic earnings per share fell by 33.96% to CNY 0.35 from CNY 0.53 in the same period last year[22]. - The net profit for the first half of 2022 reached RMB 228,362,080.57, a significant increase of 308% from RMB 55,848,676.37 in the same period last year[166]. - The company reported a significant increase in cash inflow from investment income, reaching CNY 159,674,734.71, compared to CNY 128,036.45 in the previous year[170]. Research and Development - The company has allocated 200 million yuan for research and development in 2022, a 50% increase compared to the previous year[14]. - New product development includes the launch of the upgraded LKJ-15 system, which is expected to enhance operational efficiency by 30%[12]. - The company invested CNY 65.11 million in R&D in the first half of 2022, representing 15.83% of its operating revenue, maintaining a strong commitment to innovation[67]. - Research and development expenses increased to CNY 65,105,891.58, up 28.4% from CNY 50,755,443.12 year-on-year[161]. - The company holds 432 patents and 798 software copyrights, with 12 new patents and 21 new software copyrights added during the reporting period[59]. Market Expansion and Strategy - The company is actively pursuing market expansion, with plans to enter two new provinces by the end of 2022, aiming for a 10% market share in these regions[14]. - A strategic acquisition of a technology firm is in progress, which is projected to increase the company's R&D capabilities by 40%[14]. - The company has begun small-scale promotion of the fourth-generation LKJ control system, LKJ-15S, which is compatible with ground responder information and can be applied in CTCS-2 sections[44]. - The company is focusing on enhancing its collection of accounts receivable, which has led to improved cash flow from sales[23]. Financial Position - The company has maintained a strong balance sheet with a debt-to-equity ratio of 0.5, indicating a solid financial position[14]. - The company's total assets decreased by 3.58% to CNY 4.46 billion from CNY 4.63 billion at the end of the previous year[21]. - The total assets of the company as of June 30, 2022, were CNY 4.464 billion, with a net asset value of CNY 4.133 billion and a debt-to-asset ratio of 5.62%[65]. - The company's total liabilities decreased from CNY 346,580,425.44 to CNY 250,736,130.21, a decline of about 27.6%[156]. Risks and Challenges - The management highlighted potential risks, including regulatory changes that could impact operations, which have been detailed in the risk section of the report[6]. - The ongoing pandemic has led to a 42.7% decline in passenger numbers, which may reduce customer investment in rail transport equipment[90]. - The macroeconomic environment poses risks, including potential declines in infrastructure investment due to economic pressures and changes in government policies affecting rail transport projects[86]. Shareholder and Dividend Information - The board of directors has approved a profit distribution plan, proposing a dividend payout of 0.5 yuan per share for the first half of 2022[14]. - The company distributed a cash dividend of CNY 0.84834 per share to shareholders, totaling CNY 231.04 million, and increased its total share capital to 381.27 million shares[69]. - The company reported a significant decrease in the shareholding of a major shareholder, with their stake falling below 5% as of June 10, 2022, which led to the cessation of their status as a related party[117]. Compliance and Governance - The company has ensured compliance with all tax obligations, having paid all due taxes and fees without any penalties for violations of tax regulations[111]. - The company has maintained compliance with legal and regulatory requirements, ensuring fair disclosure of information[114]. - The company and its subsidiaries comply with environmental protection laws and have not faced any administrative penalties for environmental issues[101][102].

证券代码：603508 证券简称：思维列控 公告编号：2022-028 河南思维自动化设备股份有限公司 关于参加河南辖区上市公司 2022 年投资者网上集体 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，河南思维自动化设备股份有限公司（以 下简称"公司"）定于 2022 年 5 月 30 日（星期一）15:30-17:00 参加在全景网 举办的"真诚沟通 传递价值"河南辖区上市公司 2022 年投资者网上集体接待日 活动，本次活动将采用网络远程的方式举行，投资者可登录"全景•路演天下" （http://rs.p5w.net）参与本次互动交流。 出席本次网上集体接待日活动的人员有公司董事长李欣先生、董事会秘书苏 站站先生、财务总监孙坤先生（如有特殊情况，参会人员将可能进行调整），欢 迎广大投资者积极参与。届时公司管理层将通过网络在线问答互动的形式，与投 资者就其关注的问题进行交流。 为提升交流的针对性，现就公司本次活动提前向投资者公开征集问题，广泛 听取投资者的意见和建议 ...

Financial Performance - The company's operating revenue for Q1 2022 was ¥188,900,994.54, representing a decrease of 20.59% compared to the same period last year[5] - The net profit attributable to shareholders was ¥68,796,456.36, down 29.37% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥66,981,057.24, a decrease of 28.23% compared to the previous year[5] - Total operating revenue for Q1 2022 was ¥188,900,994.54, a decrease of 20.5% compared to ¥237,892,290.91 in Q1 2021[18] - Net profit for Q1 2022 was ¥73,249,188.74, a decline of 24.5% from ¥97,069,484.06 in Q1 2021[19] - The total profit for Q1 2022 was ¥34,448,778.49, an increase of 23.1% from ¥27,966,140.17 in Q1 2021[27] Cash Flow - The net cash flow from operating activities was ¥19,097,252.79, an increase of 11.93% year-on-year[5] - Cash inflow from operating activities in Q1 2022 was ¥228,527,623.10, an increase from ¥189,814,564.74 in Q1 2021[21] - The operating cash flow for Q1 2022 was ¥38,684,085.95, a significant improvement from a negative cash flow of -¥16,245,755.76 in Q1 2021[29] - The company reported a total cash inflow from operating activities of ¥122,677,691.73, up from ¥61,075,903.78 in the same period last year[29] - The company recorded a net increase in cash and cash equivalents of -CNY 189,279,491.08, compared to -CNY 68,832,846.51 in the previous year[22] - The total cash and cash equivalents at the end of Q1 2022 were ¥40,441,602.70, down from ¥136,177,895.94 at the end of Q1 2021[30] - The company reported a net cash outflow from investing activities of -¥56,833,280.25 in Q1 2022, compared to a positive inflow of ¥1,646,226.87 in Q1 2021[30] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,622,278,204.74, a slight decrease of 0.16% from the end of the previous year[6] - The company's total assets as of March 31, 2022, amount to RMB 4,622,278,204.74, a slight decrease from RMB 4,629,525,830.25 at the end of 2021[15] - The total current assets are RMB 2,601,608,948.09, down from RMB 2,613,397,256.05 at the end of 2021[14] - The company's total liabilities amount to RMB 255,557,258.90 for current liabilities, down from RMB 338,573,163.30 at the end of 2021[15] - The total liabilities as of Q1 2022 were ¥263,189,166.77, compared to ¥346,580,425.44 in the previous year[16] - The total liabilities decreased to CNY 241,260,158.97 from CNY 263,329,890.45, indicating a reduction in financial obligations[25] Shareholder Information - The total number of common shareholders at the end of the reporting period is 23,173[11] - The number of shares held by the top shareholder, Guo Jie, is 55,536,638, representing 20.39% of total shares[9] - The company has a total of 1,060,469 shares held by Shanghai Chengrui Investment Management Co., Ltd. under a private equity fund[12] - The company has no preferred shareholders with restored voting rights[11] Expenses and Investments - The company reported a 39.65% increase in selling expenses, mainly due to an increase in employee compensation[8] - Investment income increased by 69.49% year-on-year, attributed to higher returns from financial products[8] - Research and development expenses for Q1 2022 were ¥29,452,757.67, up from ¥25,429,835.95 in Q1 2021, indicating a focus on innovation[19] - Research and development expenses for Q1 2022 were ¥7,949,486.29, down from ¥9,124,908.77 in Q1 2021, indicating a 12.9% decrease[27] Other Financial Metrics - The weighted average return on equity was 1.62%, a decrease of 0.88 percentage points from the end of the previous year[6] - The company's long-term equity investments are reported at RMB 22,428,762.62, unchanged from the previous period[15] - The company's inventory as of March 31, 2022, is valued at RMB 317,407,228.25, an increase from RMB 306,219,362.10 at the end of 2021[14] - The accounts receivable decreased to CNY 179,554,976.99 from CNY 209,644,994.37, indicating improved collection efficiency[24] - The inventory remained stable at CNY 155,881,312.96, showing no significant change from CNY 155,574,416.96[24] - The company experienced a credit impairment loss of ¥2,630,197.34 in Q1 2022, compared to a gain of -¥1,673,605.62 in Q1 2021[27] - The company reported a financial asset impairment loss of ¥1,281,620.99 in Q1 2022, compared to a gain of ¥3,764,856.17 in Q1 2021[19] - The company's deferred income tax liabilities were ¥6,776,540.83, slightly down from ¥6,976,832.01 in the previous year[16]

Dividend and Share Capital - The company plans to distribute a cash dividend of 8.4834 CNY per 10 shares, totaling approximately 231 million CNY (including tax) based on a total share capital of 272,338,841 shares as of December 31, 2021[4]. - The company will increase its share capital by 4 shares for every 10 shares held, resulting in an estimated increase of 108,935,536 shares[4]. - The company has approved a dividend plan for 2021 to 2023, indicating a commitment to returning value to shareholders[143]. - The company has a cash dividend policy that mandates a minimum of 10% of the distributable profits to be distributed as cash dividends if there are no major investment plans or cash expenditures[170]. - The proposed cash dividend for the 2021 fiscal year is 8.4834 CNY per 10 shares, with an additional capital reserve increase of 4 shares for every 10 shares held, totaling an estimated cash distribution of approximately 231 million CNY[175]. Financial Performance - The company's operating revenue for 2021 was CNY 1,064,495,347.59, representing a year-on-year increase of 26.19% compared to CNY 843,552,843.27 in 2020[23]. - The net profit attributable to shareholders for 2021 was CNY 385,495,475.66, a significant recovery from a loss of CNY 574,333,067.98 in 2020[23]. - The basic earnings per share for 2021 increased to CNY 1.43, compared to a loss of CNY 2.16 per share in 2020[24]. - The company's total assets as of the end of 2021 were CNY 4,629,525,830.25, up 6.62% from CNY 4,341,908,196.64 at the end of 2020[23]. - The net profit after deducting non-recurring gains and losses was 367,530,500 CNY, an increase of 96,213,740 CNY compared to the same period last year[64]. Research and Development - The company invested RMB 114.8 million in R&D in 2021, an increase of RMB 4.77 million compared to the previous year, maintaining over 10% of revenue dedicated to R&D[37]. - The company has maintained R&D expenditures above 10% of its revenue, with investments of 167.98 million, 110.03 million, and 114.80 million yuan in 2019, 2020, and 2021 respectively[58]. - The company has committed to increasing its R&D investment and collaborating with higher education institutions to enhance new technology applications and product safety performance[132]. Market Position and Products - The market share of the company's core LKJ train control system reached 49.67% by the end of 2021, continuing an upward trend for eight consecutive years[38]. - The company successfully promoted new products such as the LKJ-15S system, with contracts exceeding RMB 110 million signed for its deployment across multiple railway bureaus[39]. - The company's LKJ system market share reached approximately 49.67% by the end of 2021, marking a 0.56 percentage point increase year-on-year, continuing an eight-year growth trend[114]. - The LKJ-15S system has been tested and operated for over 3 years, accumulating over 1.5 million kilometers in trial mileage, demonstrating stable and reliable performance[115]. Risk Management - The company has identified several risk factors, including product quality risk and concentrated customer risk, which may impact future performance[8]. - The company is closely monitoring macroeconomic conditions and industry policies to mitigate risks associated with potential changes in government investment in rail transport projects[130]. - The company has implemented measures to manage accounts receivable effectively, given the high levels of receivables and the associated risk of bad debt losses[134]. Governance and Compliance - The company emphasizes that forward-looking statements regarding future plans do not constitute actual commitments to investors, highlighting the importance of investment risk awareness[5]. - The company has established a sound organizational structure that operates independently and effectively, with no subordinate relationship to the controlling shareholders[140]. - The company has taken measures to ensure compliance with legal and regulatory requirements, maintaining transparency and governance standards[139]. - The company has not faced any penalties from securities regulatory authorities in the past three years[153]. Social Responsibility and Environmental Impact - The company donated RMB 1 million for disaster relief efforts following the severe flooding in Zhengzhou, demonstrating its commitment to social responsibility[42]. - The company is not classified as a key pollutant discharge unit and actively promotes energy conservation and environmental protection among employees[185]. - All wastewater, waste gas, and noise levels at the company's facilities comply with national standards, with no environmental pollution incidents reported during the reporting period[186]. Employee Management and Compensation - The total number of employees in the parent company and major subsidiaries was 898, with 557 in technical positions[166]. - The company emphasizes a competitive salary policy based on job performance and market standards to motivate employees[167]. - The total pre-tax remuneration for directors and senior management during the reporting period amounted to 6.808 million yuan[144]. - The company has a performance evaluation system for senior management, which includes a fixed basic salary and a performance-based salary that varies according to the company's annual performance[178].

Financial Performance - The company's operating revenue for Q3 2021 was ¥195,240,452.69, representing a year-on-year increase of 20.36%[5] - The net profit attributable to shareholders for the same period was ¥63,041,385.54, reflecting a 37.75% increase compared to the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥59,906,023.66, up 43.19% year-on-year[5] - The basic earnings per share for the reporting period was ¥0.23, an increase of 35.29% year-on-year[6] - The diluted earnings per share also stood at ¥0.23, reflecting a 35.29% increase compared to the same period last year[6] - The total operating revenue for the first three quarters of 2021 reached ¥698,672,026.27, an increase of 30.1% compared to ¥536,814,726.17 in the same period of 2020[26] - The net profit for the first three quarters of 2021 was ¥266,984,240.80, representing a 43.1% increase from ¥186,588,359.26 in the previous year[27] - The basic earnings per share for the period was ¥0.97, compared to ¥0.66 in the same period last year, indicating a significant improvement[28] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥4,393,261,989.15, a slight increase of 1.18% from the end of the previous year[6] - As of September 30, 2021, the company's total current assets amounted to RMB 2,381,733,247.06, an increase from RMB 2,328,993,071.50 at the end of 2020, reflecting a growth of approximately 2.3%[22] - The company's cash and cash equivalents decreased to RMB 1,379,884,142.45 from RMB 1,468,559,060.19 at the end of 2020, representing a decline of about 6.1%[22] - Accounts receivable increased significantly to RMB 544,896,375.00, up from RMB 342,895,682.78 at the end of 2020, indicating a growth of approximately 59%[22] - The total liabilities decreased to ¥240,579,767.99 from ¥427,921,806.21, showing a reduction of 43.8%[24] - The company's goodwill remained stable at ¥1,391,483,923.95, indicating no impairment during the reporting period[24] Cash Flow - The cash flow from operating activities for the year-to-date period was significantly impacted, showing a decrease of 98.44%[5] - In the first three quarters of 2021, the cash inflow from operating activities was CNY 529,100,454.01, a decrease from CNY 555,501,519.95 in the same period of 2020[30] - The net cash flow from operating activities for Q3 2021 was CNY 3,294,210.42, significantly lower than CNY 211,215,815.87 in Q3 2020[30] - Cash inflow from investment activities totaled CNY 149,014,947.55 in Q3 2021, down from CNY 865,717,408.43 in Q3 2020[30] - The net cash flow from investment activities was -CNY 84,518,168.99 in Q3 2021, an improvement from -CNY 181,484,974.13 in Q3 2020[30] - Cash outflow from financing activities in Q3 2021 was CNY 104,734,533.38, compared to CNY 127,817,825.66 in Q3 2020[31] - The ending cash and cash equivalents balance for Q3 2021 was CNY 98,555,015.49, down from CNY 216,309,793.08 at the end of Q3 2020[31] - The company reported a net increase in cash and cash equivalents of -CNY 185,958,491.95 in Q3 2021, compared to -CNY 76,794,486.57 in Q3 2020[31] Operational Insights - The increase in revenue is attributed to accelerated project execution and increased order fulfillment due to stable domestic epidemic conditions[9] - The company plans to enhance sales collection efforts in the fourth quarter to address cash flow challenges[10] - The company has not reported any significant new product developments or market expansions during the quarter[20] - Research and development expenses for the first three quarters were ¥83,899,222.45, slightly higher than ¥81,932,231.49 in the previous year, reflecting ongoing investment in innovation[26] Corporate Actions - The company plans to distribute a cash dividend of RMB 3.12 per 10 shares, totaling approximately RMB 85,011,763.51, based on the adjusted total share capital of 272,473,601 shares[16] - The total number of restricted stocks that have not been lifted as of September 30, 2021, is 1,697,328 shares, which accounts for 0.62% of the current total share capital[18] - The company completed the repurchase and cancellation of 48,300 restricted stocks, reducing the total share capital from 272,521,901 shares to 272,473,601 shares[15] - The company has appointed a new CFO, Sun Kun, effective from October 26, 2021, to enhance the financial management team[19] Tax and Financial Management - The company reported a financial income of ¥39,136,944.17, an increase from ¥33,803,747.12 in the same period last year, highlighting improved financial management[26] - The deferred income tax liabilities decreased to ¥7,073,714.75 from ¥8,896,937.28, indicating a positive shift in tax management strategies[24] - The company received CNY 23,581,835.67 in tax refunds during Q3 2021, compared to CNY 60,728,215.30 in Q3 2020[30]

Financial Performance - The company reported a significant increase in revenue for the first half of 2021, with total revenue reaching 500 million RMB, representing a 20% year-over-year growth[1]. - The company's operating revenue for the first half of the year reached ¥503.43 million, a year-on-year increase of 34.39% compared to ¥374.60 million in the same period last year[20]. - Net profit attributable to shareholders was ¥199.10 million, reflecting a 49.79% increase from ¥132.92 million in the previous year[20]. - Basic earnings per share rose to ¥0.74, up 51.02% from ¥0.49 in the same period last year[21]. - The company achieved operating revenue of CNY 503.43 million in the first half of 2021, representing a year-on-year growth of 34.39%[57]. - Net profit attributable to shareholders reached CNY 199.10 million, a year-on-year increase of 49.79%[57]. - The total comprehensive income for the first half of 2021 was ¥55.85 million, compared to ¥29.05 million in the same period of 2020, reflecting a growth of 92.3%[157]. - The company reported a net loss of ¥85,026,833.11 for the first half of 2021[165]. Market Expansion and Strategy - The company has provided a positive outlook for the second half of 2021, projecting a revenue growth of 25% based on new product launches and market expansion strategies[1]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2022[1]. - A strategic acquisition of a local tech firm is in progress, expected to enhance the company's technological capabilities and product offerings[1]. - The company is actively expanding its overseas business, targeting new contracts worth CNY 25 million for urban rail projects by the end of the year[59]. Research and Development - Investment in new technology development has increased by 30%, focusing on enhancing automation equipment and smart monitoring systems[1]. - The company has maintained a high R&D investment, with expenditures of 16.798 million, 11.003 million, and 5.076 million yuan in 2019, 2020, and the first half of 2021, respectively, each exceeding 10% of revenue[50]. - The company is actively developing new products such as the LKJ-15 train control system and the STO intelligent driving system to meet market demands and maintain its competitive edge[78]. - The company focuses on the development of dynamic monitoring systems for high-speed trains, including the DMS and EOAS systems, which are critical for operational safety[47]. Financial Position and Assets - The company maintains a strong financial position with a current ratio of 2.5, indicating good short-term financial health[1]. - The company's net assets attributable to shareholders increased by 3.99% to ¥4.00 billion from ¥3.85 billion at the end of the previous year[20]. - Total assets grew by 1.93% to ¥4.43 billion compared to ¥4.34 billion at the end of the previous year[20]. - The company's total assets for Blue Letter Technology were ¥123,885.74 million, with net assets of ¥116,512.24 million, reflecting a growth of 2.41% and 14.84% respectively[71]. Risks and Challenges - The management has highlighted potential risks, including supply chain disruptions and regulatory changes, which could impact future performance[1]. - The company faces risks related to product quality issues that could lead to safety incidents, impacting its operational performance and market reputation[76]. - The macroeconomic environment and changes in industry policies pose risks, particularly regarding investments in rail infrastructure, which are heavily reliant on government support[77]. - There is a risk of underperformance in new product promotion, which could adversely affect the company's profitability if market needs are not met[79]. Governance and Compliance - The board has confirmed that there are no non-operational fund occupations by controlling shareholders, ensuring transparency and compliance[1]. - The company has established a quality control system based on IRIS, ISO9001, and CMMI standards, ensuring product quality stability[48]. - The company has not proposed any profit distribution or capital reserve transfer plans for the half-year period[92]. - The company guarantees that no related party transactions will harm the interests of minority shareholders[100]. Shareholder Information - The largest shareholder, Guo Jie, holds 55,536,638 shares, representing 20.38% of the total shares[132]. - The second-largest shareholder, Wang Weiping, holds 38,871,400 shares, accounting for 14.27%[132]. - The company repurchased and canceled 48,300 restricted shares, resulting in a decrease in registered capital[124]. - The total number of shares after the cancellation of restricted stocks is 272,473,601[125]. Accounting and Financial Reporting - The financial statements are prepared based on the assumption of going concern, with no significant doubts about the company's ability to continue operations in the next 12 months[180]. - The company applies the allowance method for bad debt losses, requiring management's judgment and estimates regarding the recoverability of accounts receivable[181]. - The company conducts annual impairment tests for goodwill, requiring estimates of future cash flows and appropriate discount rates[184]. - The company prepares consolidated financial statements based on its own and subsidiaries' financial reports, reflecting the overall financial status, operating results, and cash flows of the group[198].

Financial Performance - The company's operating revenue for 2020 was ¥843,552,843.27, a decrease of 6.51% compared to ¥902,327,244.38 in 2019[22]. - The net profit attributable to shareholders for 2020 was -¥574,333,067.98, representing a decline of 172.76% from ¥789,343,977.76 in 2019[22]. - The net cash flow from operating activities decreased by 29.00% to ¥383,729,619.61 in 2020 from ¥540,429,028.10 in 2019[22]. - The total assets at the end of 2020 were ¥4,341,908,196.64, down 12.69% from ¥4,972,990,311.62 at the end of 2019[22]. - The basic earnings per share for 2020 was -¥2.16, a decrease of 173.22% compared to ¥2.95 in 2019[23]. - The weighted average return on equity for 2020 was -13.98%, a decrease of 33.76 percentage points from 19.78% in 2019[23]. - The company achieved a net profit of ¥359,228,700 after excluding the impact of goodwill impairment and other factors, a year-on-year increase of 4.82%[24]. - The company reported a non-recurring loss of ¥62,221.53 in 2020, compared to a gain of ¥860,316.93 in 2019, indicating a significant decline in non-operating income[28]. - The company’s total assets increased from ¥185,983,837.83 at the beginning of the year to ¥196,965,332.41 at the end of the year, showing a growth of approximately 5.3%[31]. Dividend Distribution - The company plans to distribute a cash dividend of 3.12 CNY per 10 shares, totaling approximately 85,026,833.11 CNY based on the total share capital of 272,521,901 shares as of December 31, 2020[4]. - The company has no plans for stock issuance or capital increase from reserves in the profit distribution proposal[4]. - The company distributed cash dividends of ¥4.72 per 10 shares in June 2020, along with a capital reserve increase of 4 shares for every 10 shares held[24]. Audit and Compliance - The company has received a standard unqualified audit report from Dahua Certified Public Accountants[3]. - The board of directors has confirmed the accuracy and completeness of the annual report, with no false records or misleading statements[6]. - The company does not have any non-operating fund occupation by controlling shareholders or related parties[6]. - The company has not disclosed any significant changes in its decision-making processes regarding external guarantees[6]. - The company has not faced any issues with a majority of directors being unable to ensure the authenticity of the annual report[6]. Risk Factors - The company has identified several risk factors, including product quality risk and concentrated customer risk, which may impact future performance[7]. - The company emphasizes that forward-looking statements in the report do not constitute actual commitments to investors, highlighting investment risks[5]. Research and Development - The company invested 11 million RMB in R&D in 2020, maintaining over 13% of revenue dedicated to R&D in recent years, ensuring technological advancement and competitive advantage[63]. - The company has filed 32 new patents and 62 new software copyrights during the reporting period, enhancing its competitive edge[73]. - The company is actively engaged in R&D for new products, including the ATP control system and various safety monitoring systems, to enhance operational safety[33][34]. - The company is focusing on optimizing product design and marketing strategies to accelerate the promotion of the LKJ-15 system in response to customer feedback[54]. Market Position and Products - The LKJ system is currently applied to 22,000 locomotives and medium-low speed EMUs, with only two qualified suppliers in the market[40]. - The ATP system is utilized in nearly 4,000 high-speed trains, indicating a significant market presence in the high-speed railway sector[40]. - The LKJ system's market share reached approximately 49.11% by the end of 2020, showing a consistent upward trend since 2014[41]. - The company's core products, DMS and EOAS systems, have become standard configurations for China's high-speed trains, solidifying its market position[67]. - Blue Letter Technology, a subsidiary, is a core supplier for high-speed railway DMS and EOAS systems, with no current competitors in this market[193]. Strategic Initiatives - The company plans to promote the development of smart urban rail systems, with a goal of achieving widespread application of fully automated train operation systems by 2025[115]. - The company aims to become a leading provider of rail transportation safety control and information systems in China[196]. - The company is focusing on the development and promotion of the new generation LKJ system and related applications in the train operation control sector[197]. - The company plans to enhance the integration of technology and application in train operation monitoring, expanding its product line to strengthen its market leadership[197]. Acquisitions and Goodwill - The company completed a significant asset restructuring by acquiring 100% of Blue Letter Technology in 2018, which is now fully consolidated into the company's financial statements[119]. - The goodwill impairment for 2020 was recorded at 851.17 million CNY, impacting the net profit calculation[148]. - The total cumulative investment return from the acquisition of Blue Letter Technology is 960 million CNY, with a net profit of 108.83 million CNY after goodwill impairment in 2020[149]. - The company has established a profit compensation agreement with the sellers, ensuring that if the actual net profit falls below 80% of the promised amount, compensation will be calculated based on a specific formula[139]. Future Outlook - The company anticipates that the demand for high-speed rail and related equipment will remain high, supported by ongoing infrastructure investments and the "Belt and Road" initiative[131]. - The company expects minimal impact from the railway repair and maintenance reform on Bluetec Technology, as the company is a core supplier for high-speed rail monitoring[130]. - The company plans to adjust the sales prices of certain products to enhance market competitiveness and increase sales volume[160]. - The management anticipates a recovery in business operations, leading to a rebound in revenue growth following the impacts of the railway system reforms[160].

证券代码：603508 证券简称：思维列控 公告编号：2021-043 河南思维自动化设备股份有限公司 关于参加河南辖区上市公司 2021 年投资者网上集体 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，河南思维自动化设备股份有限公司（以 下简称"公司"）定于 2021 年 6 月 8 日（星期二）16：00-17：20 参加由河南证 监局和河南上市公司协会主办、深圳市全景网络有限公司协办的"真诚沟通 传 递价值"河南辖区上市公司 2021 年投资者网上集体接待日活动，现将有关事项 公告如下： 本次活动将采用网络远程的方式举行，投资者可登陆"全景·路演天下" （http://rs.p5w.net）参与本次互动交流。出席本次网上集体接待日活动的人员有： 公司董事会秘书兼财务总监苏站站先生，证券事务代表骆开尚先生（如有特殊情 况，参会人员将可能进行调整）。欢迎广大投资者积极参与！ 特此公告。 河南思维自动化设备股份有限公司 董事会 2021 年 6 月 4 日 ...

Financial Performance - Net profit attributable to shareholders was CNY 97,405,671.94, a decrease of 24.04% year-on-year[6] - Operating revenue for the period was CNY 237,892,290.91, down 19.88% from the same period last year[6] - Basic earnings per share decreased by 25.00% to CNY 0.36 from CNY 0.48 in the same period last year[6] - The weighted average return on net assets was 2.50%, down 0.38 percentage points from the previous year[6] - The company reported a significant decrease of 83.53% in tax refunds received, amounting to ¥9,121,215.44 compared to ¥55,370,189.73 in the previous period[22] - Other income decreased by 78.14%, amounting to ¥13,844,504.03, due to a reduction in VAT refunds received[27] - Total revenue for Q1 2021 was ¥237,892,290.91, a decrease of 20% compared to ¥296,903,569.26 in Q1 2020[41] - Net profit for Q1 2021 was ¥97,069,484.06, a decline of 27% from ¥133,752,052.84 in Q1 2020[42] - Basic earnings per share for Q1 2021 were ¥0.36, compared to ¥0.48 in Q1 2020[42] - The company's revenue for Q1 2021 was ¥77,172,578.45, a decrease of 45% compared to ¥140,178,114.29 in Q1 2020[44] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 17,061,566.83, a significant decline of 87.04% compared to the previous year[6] - Cash flow from operating activities for Q1 2021 was ¥17,061,566.83, a significant decrease from ¥131,639,618.48 in Q1 2020[47] - Cash and cash equivalents at the end of Q1 2021 were ¥212,092,990.17, down from ¥280,925,836.68 at the end of Q1 2020[48] - The company reported a total cash inflow from operating activities of $61,075,903.78, compared to $128,811,269.64 in the previous period, showing a decline of about 52%[51] - Cash and cash equivalents at the end of the period totaled $136,177,895.94, down from $212,204,720.35, reflecting a decrease of approximately 36%[51] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 4,373,307,945.78, an increase of 0.72% compared to the end of the previous year[6] - The total current assets increased to ¥2,371,425,441.99 from ¥2,328,993,071.50, reflecting a growth in liquidity[33] - The company's total liabilities decreased from ¥427,921,806.21 to ¥351,639,048.66, indicating improved financial stability[35] - Total liabilities as of March 31, 2021, were ¥229,707,202.08, down from ¥241,359,730.98 as of December 31, 2020[39] - Accounts receivable increased to ¥156,519,540.77 in Q1 2021 from ¥132,742,678.78 in Q1 2020, reflecting a growth of 18%[38] Expenses and Cost Management - Management expenses were reduced by 57.28%, amounting to ¥16,234,523.71, reflecting cost control measures[27] - Research and development expenses for Q1 2021 were ¥25,429,835.95, down from ¥33,024,532.54 in Q1 2020, indicating a reduction of 23%[41] - The company reported a decrease in management expenses to ¥16,234,523.71 in Q1 2021 from ¥38,004,779.19 in Q1 2020, a reduction of 57%[41] - Cash paid for purchasing goods and services increased by 53.66%, totaling ¥60,414,295.76, driven by higher payments to suppliers[22] - Payments for goods and services amounted to $32,191,846.13, which is a significant increase from $12,075,155.06, indicating higher operational costs[51] - Payments to employees were $12,745,317.53, slightly up from $11,563,783.92, reflecting a modest increase in labor costs[51] Shareholder Information - The number of shareholders at the end of the reporting period was 22,099[10] - The top shareholder, Guo Jie, holds 20.38% of the shares, totaling 55,536,638 shares[10] Government Support - The company received government subsidies amounting to CNY 4,723,288.59 during the reporting period[8] Financial Reporting Changes - The company has not adopted the new leasing standards, which may impact future financial reporting[52]

Dividend Distribution - The company plans to distribute a cash dividend of 3.12 CNY per 10 shares, totaling approximately 85,026,833.11 CNY based on a total share capital of 272,521,901 shares as of December 31, 2020[4]. - The company has not proposed any stock bonus or capital reserve conversion into shares in its profit distribution plan[4]. - The company plans to distribute at least 30% of the average annual distributable profits over the next three years in cash dividends, contingent on profitability and operational sustainability[137]. - In 2019, the company distributed cash dividends of RMB 93,279,861.73 (including tax), with a dividend payout ratio of 21.00% of the net profit attributable to shareholders[141]. - For the 2020 fiscal year, the company plans to distribute cash dividends of RMB 85,026,833.11 (including tax), which corresponds to a cash dividend of RMB 3.12 per 10 shares[142]. Financial Performance - The company's operating revenue for 2020 was ¥843,552,843.27, a decrease of 6.51% compared to ¥902,327,244.38 in 2019[23]. - The net profit attributable to shareholders for 2020 was -¥574,333,067.98, representing a decline of 172.76% from ¥789,343,977.76 in 2019[23]. - The net cash flow from operating activities decreased by 29.00% to ¥383,729,619.61 in 2020 from ¥540,429,028.10 in 2019[23]. - The total assets at the end of 2020 were ¥4,341,908,196.64, down 12.69% from ¥4,972,990,311.62 at the end of 2019[23]. - The basic earnings per share for 2020 was -¥2.16, a decrease of 173.22% compared to ¥2.95 in 2019[24]. Audit and Compliance - The company has received a standard unqualified audit report from Dahua Certified Public Accountants[3]. - The board of directors has confirmed the accuracy and completeness of the annual report, with no false records or misleading statements[6]. - The company is committed to ensuring the authenticity of its financial reports and has taken legal responsibility for any inaccuracies[6]. - The company has not violated decision-making procedures for providing guarantees[6]. - The company does not have any non-operating fund occupation by controlling shareholders or related parties[6]. Risks and Challenges - The company has reported risks including product quality risk, customer concentration risk, and potential impairment of goodwill due to underperformance of subsidiaries[7]. - The macroeconomic environment and changes in industry policies pose risks, particularly with the ongoing economic adjustments and potential declines in infrastructure investment[129]. - New product promotion challenges could lead to performance growth falling short of expectations, especially in the rapidly evolving rail transport industry[130]. - The acquisition of Blue Letter Technology resulted in a significant goodwill of CNY 2.243 billion, with potential impairment risks if performance does not meet expectations[131]. - Accounts receivable have shown significant values of CNY 249.88 million, CNY 345.55 million, and CNY 342.90 million over the past three years, indicating a risk of bad debt losses[133]. Research and Development - The company is focused on developing new products and technologies to enhance its market position[5]. - The company has invested significantly in R&D, with expenditures of 96.13 million, 167.98 million, and 110.03 million RMB in 2018, 2019, and 2020 respectively, each exceeding 13% of revenue[53]. - The company has developed a comprehensive quality control system based on IRIS, ISO9001, and CMMI standards, ensuring stable product quality[36]. - The company is actively engaged in the research and development of new technologies, including the ATP control system, which is intended for nearly 4,000 high-speed trains[41]. - The company has completed the development of several new products, including the LKJ-15S system and safety protection systems, and has received customer recognition, positioning itself for mass promotion[126]. Market Position and Strategy - The company's main business includes train operation control and railway safety protection, with key products such as the LKJ control system and various safety monitoring systems[34]. - The LKJ system is currently applied to 22,000 locomotives and medium-speed trains, with only two qualified suppliers in the market[41]. - The company's LKJ system market share reached approximately 49.11% by the end of 2020, showing a continuous upward trend since 2014[42]. - The company is committed to building a comprehensive information management platform for railway safety, integrating data sharing and intelligent judgment to enhance safety management levels[118]. - The company aims to establish itself as a leading provider of railway safety control and information systems in China, expanding its diversified industrial chain[116]. Investment and Financial Management - The company has ongoing investments in the rail transit industry, which is expected to drive demand for safety systems and market growth[92]. - The company incurred financial expenses due to increased interest from large certificates of deposit, reflecting a strategic focus on cash management[82]. - The company has a cash dividend policy that mandates a minimum of 10% of distributable profits to be distributed as cash dividends if there are no major investment plans[136]. - The company has a total of 109.1 million RMB in large-denomination certificates of deposit, with a remaining balance of 108.1 million RMB[181]. - The company has engaged in various bank financial products with expected annualized returns ranging from 2.1% to 3.8%[184]. Compliance and Governance - The company assures that all necessary approvals and licenses for its operations have been obtained and that it is in compliance with applicable laws and regulations[152]. - The company has disclosed all significant litigation and arbitration matters, ensuring transparency regarding potential legal risks[152]. - The company has established a clear framework for related party transactions, ensuring fairness and compliance with market principles[149]. - The company has committed to avoiding any business activities that may compete with the issuer's business operations[156]. - Key personnel are required to sign non-compete agreements, preventing them from engaging in similar business activities for two years after leaving the company[151].