证券代码：603559 证券简称：ST 通脉 公告编号：2025-066 一、公司被实施其他风险警示的相关情况 致同会计师事务所（特殊普通合伙）对公司出具了否定意见的《2022 年度 内部控制审计报告》（详见公司于 2023 年 4 月 28 日披露的致同审字（2023）第 320A016842 号内控审计报告）和《2023 年度内部控制审计报告》（详见公司于 2024 年 4 月 30 日披露的致同审字（2024）第 320A017425 号内控审计报告）。 公司在 2024 年期间进行了重整，于 2024 年 12 月 30 日，被长春市中级人民 法院裁定确认公司《重整计划》执行完毕，并终结公司重整程序，公司按照相关 规定未披露 2024 年度财务报告内部控制审计报告。根据《上海证券交易所股票 上市规则（2025 年 4 月修订）》9.8.1 条第（三）项"最近一个会计年度财务报 告内部控制被出具无法表示意见或否定意见的审计报告，或未按照规定披露财务 1 中通国脉通信股份有限公司 关于公司股票继续被实施其他风险警示相关事项的进展公告 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 ...

Core Viewpoint - The company will hold a performance briefing on September 9, 2025, to discuss its 2025 semi-annual report and address investor concerns [3][4][6] Group 1: Meeting Details - The performance briefing is scheduled for September 9, 2025, from 10:00 to 11:00 [4][5] - The meeting will take place online at "Value Online" (www.ir-online.cn) [4][5] - Investors can submit questions until September 8, 2025, at 17:00 [5] Group 2: Participants - Key participants include Chairman and General Manager Li Xuegang, Vice Chairman and Secretary of the Board Yan Haitao, and Independent Director Wang Weiguo [4] Group 3: Investor Participation - Investors can join the briefing online and are encouraged to participate actively [5] - Contact information for inquiries includes Yan Haitao and Wu Yingying, with provided phone numbers and email [5] Group 4: Additional Information - After the briefing, investors can access the meeting's main content through Value Online or the Yidong app [6]

Group 1 - The company will hold a half-year performance briefing on September 9, 2025, from 10:00 to 11:00 [1][2] - The meeting will take place online at the Value Online platform [1][2] - Investors can submit questions before the meeting until September 8, 2025, at 17:00 [1][2] Group 2 - Key participants in the meeting include the Chairman and General Manager Li Xuegang, Vice Chairman and Secretary of the Board Yan Haitao, and Independent Director Wang Weiguo [2] - Investors can join the meeting through the provided link on the specified date and time [2] - After the meeting, investors can access the meeting details and main content through Value Online or the Yidong app [2]

证券代码：603559 证券简称：ST通脉 公告编号：2025-065 中通国脉通信股份有限公司 关于召开2025年半年度业绩说明会的公告 二、说明会召开的时间、地点和方式 会议召开时间：2025 年 9 月 9 日（星期二）10:00-11:00 会议召开地点：价值在线（www.ir-online.cn） 会议召开方式：网络互动方式 三、参加人员 董事长兼总经理 李学刚；副董事长兼董事会秘书兼财务总监 闫海涛；独立 董事 王卫国（如遇特殊情况，参会人员可能进行调整）。 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。 重要内容提示： 一、说明会类型 中通国脉通信股份有限公司（以下简称"公司"）已于 2025 年 8 月 29 日在 上海证券交易所网站（www.sse.com.cn）披露了《中通国脉通信股份有限公司 2025 年半年度报告》。为便于广大投资者更加全面深入地了解公司经营业绩、 财务状况等情况，公司定于 2025 年 9 月 9 日（星期二）10:00-11:00 在"价值 1 会议召开时间：2025 年 9 月 9 ...

Group 1 - The core viewpoint of the articles indicates that ST Tongmai (603559) has shown significant revenue growth in its 2025 mid-year report, with total operating income reaching 175 million yuan, a year-on-year increase of 50.71% [1] - The company reported a net profit attributable to shareholders of -42.69 million yuan, which is an improvement of 28.12% year-on-year [1] - In the second quarter, the total operating income was 96.42 million yuan, reflecting a year-on-year increase of 7.01%, while the net profit attributable to shareholders was -34.58 million yuan, up 28.93% year-on-year [1] Group 2 - The gross profit margin for the reporting period increased by 52.72% year-on-year, reaching 8.29%, while the net profit margin improved by 51.98% to -24.57% [1] - Total selling, administrative, and financial expenses amounted to 32.04 million yuan, accounting for 18.29% of revenue, which is a year-on-year increase of 6.16% [1] - The company’s earnings per share were -0.11 yuan, an increase of 73.17% year-on-year, while the net asset per share rose to 2.43 yuan, up 496.88% year-on-year [1] Group 3 - Historical data indicates that the company's return on invested capital (ROIC) has been generally low, with a median ROIC of 5.87% since its listing, and a particularly poor ROIC of -61.84% in 2023 [2] - The company has experienced five years of losses out of eight annual reports since its listing, suggesting a generally unfavorable investment outlook [2] - The company maintains a healthy cash asset position, but there are concerns regarding cash flow, financial expenses, and accounts receivable due to negative net profit [2]

Financial Performance - The company's total revenue is 175 million yuan, ranking 36th among disclosed peers [1] - The net profit attributable to the parent company is -42.6946 million yuan, ranking 35th among disclosed peers [1] - The net cash inflow from operating activities is 71.1477 million yuan [1] Key Financial Ratios - The latest debt-to-asset ratio is 34.12% [3] - The latest gross profit margin is 8.30%, ranking 33rd among disclosed peers, a decrease of 3.97 percentage points from the previous quarter [3] - The latest return on equity (ROE) is -4.39%, ranking 34th among disclosed peers [3] - The diluted earnings per share is -0.11 yuan, ranking 35th among disclosed peers [3] - The latest total asset turnover ratio is 0.11 times, ranking 34th among disclosed peers [3] - The latest inventory turnover ratio is 0.45 times, ranking 35th among disclosed peers [3]

Core Viewpoint - ST Tongmai's 2025 mid-year report indicates a significant increase in main operating revenue and a mixed performance in net profits, highlighting both growth and challenges in profitability [1][4]. Financial Performance - The company's main operating revenue reached 175 million yuan, a year-on-year increase of 50.71% [1]. - The net profit attributable to shareholders was -42.6946 million yuan, showing a year-on-year increase of 28.12% [1][4]. - The non-recurring net profit was -39.0808 million yuan, reflecting a year-on-year decrease of 20.99% [1][4]. - In Q2 2025, the single-quarter main operating revenue was 96.4195 million yuan, up 7.01% year-on-year [1]. - The single-quarter net profit attributable to shareholders was -34.578 million yuan, an increase of 28.93% year-on-year [1][4]. - The single-quarter non-recurring net profit was -33.4917 million yuan, down 52.02% year-on-year [1][4]. Financial Ratios - The company's debt ratio stood at 34.12% [1]. - Financial expenses were reported at -473,300 yuan [1]. - The gross profit margin was 8.29% [1]. Earnings Per Share - Earnings per share were reported at -0.11 yuan, a year-on-year increase of 73.17% [7]. - The operating income per share was 0.44 yuan, down 46.17% year-on-year [7]. - The net asset per share was 2.43 yuan, reflecting a significant year-on-year increase of 496.87% [7]. - The operating cash flow per share was 0.18 yuan, up 543.43% year-on-year [7]. Shareholder Information - The largest shareholder is Xinjiang Jinzheng Construction Technology Co., Ltd., holding 90.29 million shares, accounting for 22.50% [11]. - Other notable shareholders include Zhongtong Guomai Communication Co., Ltd. and various private equity funds [11].

证券代码：603559 证券简称：ST 通脉 公告编号：2025-064 中通国脉通信股份有限公司 关于公司股票继续被实施其他风险警示相关事项的进展公告 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。 重要内容提示： ●中通国脉通信股份有限公司（以下简称"公司"）2022 年度内部控制审 计报告被致同会计师事务所（特殊普通合伙）出具了否定意见，根据《上海证券 交易所股票上市规则（2025 年 4 月修订）》9.8.1 条第（三）项的规定，公司股 票于 2023 年 5 月 4 日被上海证券交易所实施其他风险警示。 ●根据《上海证券交易所股票上市规则（2025 年 4 月修订）》第 9.8.5 条： "上市公司股票因 9.8.1 条第（二）项至第（五）项规定情形被实施其他风险警 示的，在被实施其他风险警示期间，公司应当至少每月发布 1 次提示性公告，分 阶段披露涉及事项的解决进展情况"。公司将每月披露一次其他风险警示相关事 项的进展情况，提示相关风险。 致同会计师事务所（特殊普通合伙）对公司出具了否定意见的《2022 年度 内部 ...

[Important Notice](index=2&type=section&id=%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) [Overview of Important Notice](index=2&type=section&id=%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA-%E6%A6%82%E8%A7%88) The report emphasizes the responsibility of the board, supervisors, and senior management for truthfulness, accuracy, and completeness, states the financial report is unaudited, and includes forward-looking statements risk warning - The board of directors, supervisory board, and senior management guarantee the report's truthfulness, accuracy, and completeness, and assume legal responsibility[3](index=3&type=chunk) - This semi-annual report is unaudited[5](index=5&type=chunk) - The company's responsible person, the person in charge of accounting work, and the head of the accounting department declare that the financial report is true, accurate, and complete[5](index=5&type=chunk) - There is no profit distribution plan or capital reserve conversion to share capital plan for the reporting period[6](index=6&type=chunk) - Forward-looking statements regarding future plans and projections in this report do not constitute a substantive commitment; investors are advised to be aware of investment risks[6](index=6&type=chunk) [Section I Definitions](index=4&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%20%E9%87%8A%E4%B9%89) [Definitions of Common Terms](index=4&type=section&id=%E5%B8%B8%E7%94%A8%E8%AF%8D%E8%AF%AD%E9%87%8A%E4%B9%89) This section provides definitions for common terms used in the report, including company names, subsidiaries, key partners, regulatory bodies, and communication industry technical terms - Defined company entities such as "the Company," "Shanghai Gongchuang," "Guomai IoT," "Guomai Time-Space," and "Zhongke Remote Sensing"[10](index=10&type=chunk) - Listed major partners including "China Unicom," "China Mobile," "China Telecom," "China Tower," and "ZTE"[10](index=10&type=chunk) - Explained time and legal documents such as "reporting period," "end of reporting period," and "Articles of Association"[10](index=10&type=chunk) - Clarified communication and information technology terms like "base station," "Internet of Things," "cloud computing," "5G," "IDC," and "ICT"[10](index=10&type=chunk) [Section II Company Profile and Key Financial Indicators](index=5&type=section&id=%E7%AC%AC%E4%BA%8C%E8%8A%82%20%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B%E5%92%8C%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) [Company Information and Contact Details](index=5&type=section&id=%E5%85%AC%E5%8F%B8%E4%BF%A1%E6%81%AF%E4%B8%8E%E8%81%94%E7%B3%BB%E6%96%B9%E5%BC%8F) This section provides basic company information, including Chinese and English names, legal representative, registered and office addresses, and contact details for the board secretary - The company's Chinese name is Zhongtong Guomai Communication Co., Ltd., abbreviated as Zhongtong Guomai, with Li Xuegang as the legal representative[12](index=12&type=chunk) - The company's registered and office address is No. 6399 Nanhu Avenue, Changchun City, Jilin Province[14](index=14&type=chunk) - The company's stock abbreviation is ST Tongmai, stock code 603559, listed on the Shanghai Stock Exchange[16](index=16&type=chunk) [Key Accounting Data and Financial Indicators](index=6&type=section&id=%E5%85%AC%E5%8F%B8%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) Revenue increased by **50.71%** year-over-year, but the company remains in a loss, with net profit attributable to shareholders at **-42,694,621.53 yuan**, a narrower loss, and operating cash flow turned positive to **71,147,691.64 yuan** Key Accounting Data (January-June 2025 vs. Prior Year Period) | Indicator | Current Reporting Period (Jan-Jun) (yuan) | Prior Year Period (yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 175,158,958.04 | 116,225,070.89 | 50.71 | | Total Profit | -43,035,946.26 | -59,771,020.24 | Not Applicable | | Net Profit Attributable to Shareholders of Listed Company | -42,694,621.53 | -59,397,249.20 | Not Applicable | | Net Cash Flow from Operating Activities | 71,147,691.64 | -5,730,268.53 | Not Applicable | | Net Assets Attributable to Shareholders of Listed Company (Period-end) | 973,332,413.44 | 1,015,819,423.34 | -4.18 | | Total Assets (Period-end) | 1,465,455,506.31 | 1,684,296,013.43 | -12.99 | Key Financial Indicators (January-June 2025 vs. Prior Year Period) | Indicator | Current Reporting Period (Jan-Jun) | Prior Year Period | Change (%) | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (yuan/share) | -0.11 | -0.41 | Not Applicable | | Diluted Earnings Per Share (yuan/share) | -0.11 | -0.41 | Not Applicable | | Basic Earnings Per Share After Deducting Non-Recurring Gains and Losses (yuan/share) | -0.10 | -0.23 | Not Applicable | | Weighted Average Return on Net Assets (%) | -4.29 | -67.95 | Increased by 63.66 percentage points | | Weighted Average Return on Net Assets After Deducting Non-Recurring Gains and Losses (%) | -3.93 | -36.95 | Increased by 33.02 percentage points | Non-Recurring Gains and Losses Items and Amounts (January-June 2025) | Non-Recurring Gains and Losses Item | Amount (yuan) | | :--- | :--- | | Government grants included in current profit and loss | 36,000.00 | | Other non-operating income and expenses apart from the above | -3,649,823.98 | | Total | -3,613,823.98 | [Section III Management Discussion and Analysis](index=7&type=section&id=%E7%AC%AC%E4%B8%89%E8%8A%82%20%E7%AE%A1%E7%90%86%E5%B1%82%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) [Description of the Company's Industry and Main Business During the Reporting Period](index=7&type=section&id=%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E6%89%80%E5%B1%9E%E8%A1%8C%E4%B8%9A%E5%8F%8A%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E6%83%85%E5%86%B5%E8%AF%B4%E6%98%8E) The company operates in the communication technology service industry, benefiting from 5G and gigabit optical network infrastructure, focusing on communication technical services, integration, and IDC services - The communication industry maintains steady growth, with accelerated construction of new infrastructure such as 5G and gigabit optical networks, bringing new growth drivers to the industry[24](index=24&type=chunk) - As a professional construction enterprise with a Class A general contracting qualification for communication construction and a domestic professional communication technology service provider, the company's main business covers communication technology services, integration services, and IDC technology services[24](index=24&type=chunk) - The company actively participates in 5G, gigabit optical network, and other communication infrastructure construction projects, playing an important role in the implementation of national strategies for "gigabit access in every county" and "5G access in every township and administrative village"[24](index=24&type=chunk) - The company actively expands into smart city, smart campus, weak current intelligent engineering, and other fields, providing integrated information solutions to customers[24](index=24&type=chunk) - The company continuously innovates and expands its market based on existing main businesses, particularly in the application of cutting-edge technologies such as artificial intelligence and cloud computing[24](index=24&type=chunk) [Discussion and Analysis of Operations](index=8&type=section&id=%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5%E7%9A%84%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) The company's operating performance improved, with steady growth in main business revenue, driven by market expansion, technological innovation, financial management, and internal control enhancements - The company's operating performance improved compared to the same period last year, achieving steady growth in main business revenue through optimizing market layout, strengthening financial management, enhancing technological innovation capabilities, and improving the internal control system[25](index=25&type=chunk) - The company actively participated in domestic communication market construction, achieving significant results particularly in 5G and gigabit optical network fields, and successfully expanded into emerging market areas such as smart cities and smart campuses[25](index=25&type=chunk) - The company closely follows the development trends of cutting-edge technologies such as 5G, big data, and artificial intelligence, increasing R&D investment to promote innovation and application of communication construction technologies, thereby enhancing its core competitiveness[25](index=25&type=chunk) - The company strengthened financial management, optimized capital structure, enhanced cost control and budget management, improving its profitability and risk resistance capabilities[25](index=25&type=chunk) - The company further improved its internal control system, strengthened risk management mechanisms, enhanced management efficiency and compliance, effectively preventing operational risks[25](index=25&type=chunk) [Analysis of Core Competitiveness During the Reporting Period](index=8&type=section&id=%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E6%A0%B8%E5%BF%83%E7%AB%9E%E4%BA%89%E5%8A%9B%E5%88%86%E6%9E%90) Core competencies include professional service capabilities with experienced teams, efficient management, stable customer resources with major operators, various professional qualifications, and continuous investment in technological innovation and R&D - The company possesses a professional technical team and extensive project experience, enabling it to provide comprehensive technical services, including communication network engineering and operation and maintenance services, playing a crucial role in the construction of new communication networks such as 5G and gigabit optical networks[26](index=26&type=chunk) - The company improved management efficiency by optimizing organizational structure, clarifying responsibilities, and strengthening full-process project control, while also introducing digital management tools to achieve online and transparent business processes[26](index=26&type=chunk) - The company maintains long-term stable cooperative relationships with the three major operators and conducts business in multiple regions, with a diversified customer structure and geographical distribution enhancing its market risk resistance[26](index=26&type=chunk) - The company holds multiple professional qualifications, including a Class A general contracting qualification for communication construction, providing strong assurance for various communication technology services, and actively applies for and maintains relevant qualification certificates to maintain its industry-leading position[27](index=27&type=chunk) - The company closely follows industry technological development trends, increases R&D investment, promotes technological innovation and application, and collaborates with universities and research institutions to overcome key technical challenges and cultivate professional talent[27](index=27&type=chunk) [Key Operating Performance During the Reporting Period](index=8&type=section&id=%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E4%B8%BB%E8%A6%81%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5) This section analyzes key operating performance, including changes in financial statement items, asset and liability status, and major subsidiary analysis, showing revenue growth and significant balance sheet shifts due to reorganization Financial Statement Item Fluctuation Analysis Table (January-June 2025 vs. Prior Year Period) | Item | Current Period Amount (yuan) | Prior Year Period Amount (yuan) | Change (%) | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 175,158,958.04 | 116,225,070.89 | 50.71 | Primarily due to increased business volume in the reporting period | | Operating Cost | 160,629,446.61 | 109,912,377.24 | 46.14 | Primarily due to increased business volume in the reporting period, leading to a corresponding increase in costs | | Selling Expenses | 1,610,855.81 | 1,908,925.89 | -15.61 | | | Administrative Expenses | 30,903,903.87 | 15,428,524.96 | 100.30 | Primarily due to increased intermediary fees in the reporting period | | Financial Expenses | -473,269.59 | 2,689,812.14 | -117.59 | Primarily due to decreased loan interest in the reporting period | | Research and Development Expenses | 166,852.70 | 340,543.97 | -51.00 | Primarily due to failure to carry out R&D activities as scheduled in the same period | | Net Cash Flow from Operating Activities | 71,147,691.64 | -5,730,268.53 | Not Applicable | | | Net Cash Flow from Investing Activities | -186,980.00 | - | Not Applicable | | | Net Cash Flow from Financing Activities | -44,283,858.87 | 3,083,034.01 | -1,536.37 | Primarily due to payment of creditor claims in the reporting period | Asset and Liability Status Fluctuation Analysis Table (Current Period End vs. Prior Year End) | Item Name | Current Period End Amount (yuan) | Proportion of Total Assets at Current Period End (%) | Prior Year End Amount (yuan) | Proportion of Total Assets at Prior Year End (%) | Change from Prior Year End (%) | Explanation | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Monetary Funds | 493,456,212.99 | 33.67 | 739,155,674.05 | 43.89 | -33.24 | Primarily due to the execution of the reorganization plan to repay creditor claims in the reporting period | | Notes Receivable | 4,554,389.51 | 0.31 | 3,047,789.61 | 0.18 | 49.43 | Due to increased recovery of bank acceptance bills in the reporting period | | Prepayments | 10,009,739.08 | 0.68 | 5,422,643.81 | 0.32 | 84.59 | Primarily due to increased contract orders in the reporting period, leading to increased prepayments | | Other Receivables | 46,829,524.72 | 3.20 | 29,709,656.02 | 1.76 | 57.62 | Primarily due to an increase in other receivables | | Contract Assets | 1,707,810.95 | 0.12 | 16,030,257.33 | 0.95 | -89.35 | Primarily due to the return of customer quality assurance deposits in the reporting period | | Right-of-Use Assets | 706,599.01 | 0.05 | 1,143,017.51 | 0.07 | -38.18 | Primarily due to the recovery of some assets for self-use and reduced leasing in the reporting period | | Accounts Payable | 44,879,641.96 | 3.06 | 153,251,966.58 | 9.10 | -70.72 | Primarily due to the execution of the reorganization plan to repay creditor claims in the reporting period | | Employee Benefits Payable | 5,617,386.71 | 0.38 | 33,068,071.29 | 1.96 | -83.01 | Primarily due to the execution of the reorganization plan to pay employee arrears in the reporting period | | Other Current Liabilities | 1,214,597.84 | 0.08 | 3,868,102.96 | 0.23 | -68.60 | Primarily due to a decrease in unconfirmed bills in the reporting period | | Long-term Employee Benefits Payable | - | - | 745,194.56 | 0.04 | -100.00 | Primarily due to the payment of employee arrears as part of the reorganization plan in the reporting period | - Major subsidiary Shanghai Gongchuang Information Technology Co., Ltd. achieved operating revenue of **8,084,700.97 yuan** and net profit of **3,059,170.37 yuan** during the reporting period[34](index=34&type=chunk) [Other Disclosures](index=13&type=section&id=%E5%85%B6%E4%BB%96%E6%8A%AB%E9%9C%B2%E4%BA%8B%E9%A1%B9) This section discloses potential risks such as market competition, technological iteration, talent loss, and policy changes, requiring continuous market expansion, R&D investment, and policy monitoring - The company faces market competition risks and needs to continuously increase market expansion efforts and improve service quality to consolidate its market position[37](index=37&type=chunk) - The company faces technological iteration risks and needs to closely follow industry technological development trends and increase R&D investment to maintain its technological leadership[37](index=37&type=chunk) - The company faces talent loss risks and needs to strengthen talent acquisition and training efforts and establish a sound incentive mechanism to retain core talent[37](index=37&type=chunk) - The company faces policy change risks and needs to closely monitor policy dynamics and adjust its business strategies in a timely manner to respond to potential policy risks[37](index=37&type=chunk) [Section IV Corporate Governance, Environment, and Society](index=14&type=section&id=%E7%AC%AC%E5%9B%9B%E8%8A%82%20%E5%85%AC%E5%8F%B8%E6%B2%BB%E7%90%86%E3%80%81%E7%8E%AF%E5%A2%83%E5%92%8C%E7%A4%BE%E4%BC%9A) [Changes in Directors, Supervisors, and Senior Management](index=14&type=section&id=%E5%85%AC%E5%8F%B8%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) The company completed the re-election of its sixth board of directors and supervisory board, and the appointment of senior management, with new terms from March 26, 2025, to March 25, 2028 - On March 10, 2025, the company convened the 47th meeting of the Fifth Board of Directors, which reviewed and approved the "Proposal on the Re-election of the Sixth Board of Directors of the Company"[40](index=40&type=chunk) - On March 26, 2025, the company held its second extraordinary general meeting of shareholders for 2025, which approved the election proposals for non-independent directors, independent directors, and supervisors of the Sixth Board of Directors and Supervisory Board[40](index=40&type=chunk) - The Fifth Board of Directors and its members, and the Fifth Supervisory Board and its members officially stepped down, while the Sixth Board of Directors and its members, and the Sixth Supervisory Board and its members officially took office[40](index=40&type=chunk) - The term of office for the Sixth Board of Directors and its members, and the Sixth Supervisory Board and its members is from March 26, 2025, to March 25, 2028[41](index=41&type=chunk) [Profit Distribution or Capital Reserve Conversion Plan](index=15&type=section&id=%E5%88%A9%E6%B6%A6%E5%88%86%E9%85%8D%E6%88%96%E8%B5%84%E6%9C%AC%E5%85%AC%E7%A7%AF%E9%87%91%E8%BD%AC%E5%A2%9E%E9%A2%84%E6%A1%88) The company will not implement any profit distribution or capital reserve conversion plan for this half-year period - No profit distribution or capital reserve conversion to share capital will be made for this reporting period[42](index=42&type=chunk) [Section V Significant Matters](index=16&type=section&id=%E7%AC%AC%E4%BA%94%E8%8A%82%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) [Fulfillment of Commitments](index=16&type=section&id=%E6%89%BF%E8%AF%BA%E4%BA%8B%E9%A1%B9%E5%B1%A5%E8%A1%8C%E6%83%85%E5%86%B5) The company's actual controllers and investors strictly fulfilled commitments regarding non-competition, related-party transactions, and share lock-up periods - Actual controllers Zhou Caihua, Xu Zhengying, and Li Haixia committed to avoid engaging in businesses identical or similar to Zhongtong Guomai and its subsidiaries, and have strictly fulfilled this commitment[45](index=45&type=chunk) - Actual controllers Zhou Caihua, Xu Zhengying, and Li Haixia committed to minimize and avoid related-party transactions with Zhongtong Guomai and its controlled companies, and have strictly fulfilled this commitment[46](index=46&type=chunk) - Industrial investor Xinjiang Jinzheng Industrial Group Co., Ltd. and its designated entities committed not to reduce or entrust others to manage the converted shares for 36 months from the date of acquisition, and have strictly fulfilled this commitment[49](index=49&type=chunk) - Each financial investor and its designated entities committed not to reduce or entrust others to manage the converted shares for 12 months from the date of acquisition, and have strictly fulfilled this commitment[50](index=50&type=chunk)[51](index=51&type=chunk) [Matters Related to Bankruptcy Reorganization](index=23&type=section&id=%E7%A0%B4%E4%BA%A7%E9%87%8D%E6%95%B4%E7%9B%B8%E5%85%B3%E4%BA%8B%E9%A1%B9) The company's reorganization plan was confirmed as executed on December 30, 2024, and the delisting risk warning was removed on January 8, 2025 - On October 23, 2024, the Changchun Intermediate People's Court ruled to accept the creditor's reorganization application against the company[53](index=53&type=chunk) - On December 30, 2024, the Changchun Intermediate People's Court ruled to confirm the execution of the "Zhongtong Guomai Communication Co., Ltd. Reorganization Plan" and terminated the company's reorganization procedure[54](index=54&type=chunk) - On January 8, 2025, the company received a notice regarding the revocation of the delisting risk warning imposed due to reorganization, meaning the company's shares are no longer subject to the delisting procedures corresponding to the reorganization-related delisting risk warning[54](index=54&type=chunk) [Major Litigation and Arbitration Matters](index=23&type=section&id=%E9%87%8D%E5%A4%A7%E8%AF%89%E8%AE%BC%E3%80%81%E4%BB%B2%E8%A3%81%E4%BA%8B%E9%A1%B9) The company is involved in several major lawsuits, including a loan overdue case (settled) and a construction contract dispute (first-instance judgment against the company) - The company's loan overdue case with Guangfa Changchun Branch has been concluded, with the company repaying the loan principal of **86 million yuan** and interest, penalty interest, and compound interest of **2,377,618.05 yuan**[55](index=55&type=chunk) - The company was sued by Zhongsheng Hongcheng (Group) Co., Ltd. for a construction engineering contract dispute, with the first-instance judgment ordering the company to immediately pay engineering fees of **27,348,024.83 yuan** and interest, plus attorney fees of **278,000 yuan**[55](index=55&type=chunk)[56](index=56&type=chunk) [Suspected Violations, Penalties, and Rectification of Listed Company, Directors, Supervisors, Senior Management, Controlling Shareholders, and Actual Controllers](index=24&type=section&id=%E4%B8%8A%E5%B8%82%E5%85%AC%E5%8F%B8%E5%8F%8A%E5%85%B6%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E3%80%81%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E3%80%81%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E6%B6%89%E5%AB%8C%E8%BF%9D%E6%B3%95%E8%BF%9D%E8%A7%84%E3%80%81%E5%8F%97%E5%88%B0%E5%A4%84%E7%BD%9A%E5%8F%8A%E6%95%B4%E6%94%B9%E6%83%85%E5%86%B5) The company and relevant individuals received regulatory warnings and public criticism from the SSE for errors in shareholder meeting legal opinions and inaccurate, large-scale adjustments in financial data over several years - The company and its then-Secretary of the Board, Wu Xiaojun, received a regulatory warning from the Shanghai Stock Exchange due to multiple errors in the legal opinion for the first extraordinary general meeting of shareholders in 2025[57](index=57&type=chunk) - The company and its then-Chairman and General Manager Li Xuegang, and then-CFO Wu Xiaojun, received public criticism from the Shanghai Stock Exchange because the company's financial data in periodic reports had been inaccurate for consecutive years and related accounts were again significantly adjusted, as disclosed in the prior period accounting error correction on April 29, 2025[58](index=58&type=chunk) [Significant Related-Party Transactions](index=24&type=section&id=%E9%87%8D%E5%A4%A7%E5%85%B3%E8%81%94%E4%BA%A4%E6%98%93) The company disclosed its estimated 2025 daily related-party transactions, totaling **215,000,000.00 yuan** for providing and receiving labor, with **49,965,000.00 yuan** already incurred - The company disclosed the "Announcement on Estimated Daily Related-Party Transactions for 2025" on March 11, 2025[59](index=59&type=chunk) Estimated Daily Related-Party Transaction Amounts and Categories for 2025 (Including Tax) | No. | Related Party Transaction Category | Related Party Transaction Content | Related Party | Pricing Principle for Related Party Transactions | 2025 Estimated Amount (yuan) | Cumulative Transaction Amount with Related Parties from Year Start to Disclosure Date (yuan) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | 1 | Provision of Labor | Provision of labor to related parties | Xinjiang Jinzheng Jiantou Engineering Group Co., Ltd. | Market pricing | 100,000,000.00 | 24,895,100.00 | | 2 | Provision of Labor | Provision of labor to related parties | Xinjiang Kunta Construction Engineering Co., Ltd. | Market pricing | 50,000,000.00 | 10,300,000.00 | | 3 | Provision of Labor | Provision of labor to related parties | Xinjiang Lvxiang Construction Engineering Group Co., Ltd. | Market pricing | 30,000,000.00 | 1,349,900.00 | | 4 | Provision of Labor | Provision of labor to related parties | Xinjiang Zhongjun Intelligent Equipment Co., Ltd. | Market pricing | 10,000,000.00 | 9,600,000.00 | | 5 | Acceptance of Labor | Labor subcontracting | Xinjiang Zhongjun Intelligent Equipment Co., Ltd. | Market pricing | 25,000,000.00 | 3,820,000.00 | | Total | | | | | 215,000,000.00 | 49,965,000.00 | Related-Party Transactions Not Disclosed in Interim Announcements (January-June 2025) | Related Party | Related Party Relationship | Related Party Transaction Type | Related Party Transaction Content | Pricing Principle for Related Party Transactions | Related Party Transaction Price (yuan) | Related Party Transaction Amount (yuan) | Proportion of Similar Transactions (%) | Related Party Transaction Settlement Method | Market Price | Reason for Significant Difference Between Transaction Price and Market Reference Price | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Zhongjun Technology Co., Ltd. | Other | Acceptance of Labor | Project platform construction | Market pricing | 768,000.00 | 230,400.00 | 30 | | | Not Applicable | | Total | | | | / | 768,000.00 | 230,400.00 | 30 | / | / | / | [Section VI Share Changes and Shareholder Information](index=26&type=section&id=%E7%AC%AC%E5%85%AD%E8%8A%82%20%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E5%8F%8A%E8%82%A1%E4%B8%9C%E6%83%85%E5%86%B5) [Share Change Status](index=26&type=section&id=%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) The company's total share capital and share structure remained unchanged during the reporting period - The company's total share capital and share structure remained unchanged during the reporting period[67](index=67&type=chunk) [Shareholder Information](index=26&type=section&id=%E8%82%A1%E4%B8%9C%E6%83%85%E5%86%B5) As of the end of the reporting period, the company had **9,802** common shareholders, with Xinjiang Jinzheng Construction Technology Co., Ltd. as the largest shareholder at **22.50%** - As of the end of the reporting period, the total number of common shareholders was **9,802**[68](index=68&type=chunk) Top Ten Shareholders' Shareholdings (Excluding Shares Lent Through Securities Lending) | Shareholder Name (Full Name) | Change During Reporting Period | Number of Shares Held at Period End | Proportion (%) | Number of Restricted Shares Held | Pledged, Marked, or Frozen Status Share Status | Pledged, Marked, or Frozen Status Number | Shareholder Nature | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Xinjiang Jinzheng Construction Technology Co., Ltd. | 0 | 90,287,321 | 22.50 | 0 | None | 0 | Domestic Non-State-Owned Legal Person | | Zhongtong Guomai Communication Co., Ltd. Bankruptcy Enterprise Property Disposal Special Account | -75,006,490 | 28,669,961 | 7.14 | 0 | Frozen | 28,669,961 | Other | | Beijing Teliga Private Equity Fund Management Co., Ltd. - Teliga Black Volume Quantitative No. 1 Securities Investment Private Equity Fund | 20,000,000 | 20,000,000 | 4.98 | 0 | None | 0 | Other | | Shanghai Kaibo Private Equity Fund Management Co., Ltd. - Kaibo Xuanwu No. 1 Private Securities Investment Fund | 0 | 20,000,000 | 4.98 | 0 | None | 0 | Other | | Beijing Yaming Chunya Technology Development Center (Limited Partnership) | 0 | 20,000,000 | 4.98 | 0 | None | 0 | Domestic Non-State-Owned Legal Person | | Shenzhen Shenyou Asset Management Co., Ltd. - Shenyou Taiyang No. 3 Private Securities Investment Fund | 11,000,000 | 11,000,000 | 2.74 | 0 | None | 0 | Other | | Tianjin Xinyuetan Enterprise Management Partnership (Limited Partnership) | 0 | 10,000,000 | 2.49 | 0 | None | 0 | Domestic Non-State-Owned Legal Person | | Tianjin Shengrun Enterprise Management Partnership (Limited Partnership) | 0 | 10,000,000 | 2.49 | 0 | None | 0 | Domestic Non-State-Owned Legal Person | | Chongqing International Trust Co., Ltd. - Chongxin Kaiyang 24016 Yutai No. 10 Collective Fund Trust Plan | 10,000,000 | 10,000,000 | 2.49 | 0 | None | 0 | Other | | Jinghe Capital Management (Shenzhen) Co., Ltd. - Jinghe Hengxin Stable Private Securities Investment Fund | 7,718,340 | 7,718,340 | 1.92 | 0 | None | 0 | Other | [Information on Directors, Supervisors, and Senior Management](index=28&type=section&id=%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E5%92%8C%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E6%83%85%E5%86%B5) Current and former directors, supervisors, and senior management held no shares in the company during the reporting period, with no changes in their holdings - The number of shares held by the company's current and former directors, supervisors, and senior management during the reporting period was **0**, with no changes[73](index=73&type=chunk)[74](index=74&type=chunk) [Section VII Bond-Related Information](index=30&type=section&id=%E7%AC%AC%E4%B8%83%E8%8A%82%20%E5%80%BA%E5%88%B8%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) [Corporate Bonds (Including Enterprise Bonds) and Non-Financial Enterprise Debt Financing Instruments](index=30&type=section&id=%E5%85%AC%E5%8F%B8%E5%80%BA%E5%88%B8%EF%BC%88%E5%90%AB%E4%BC%81%E4%B8%9A%E5%80%BA%E5%88%B8%EF%BC%89%E5%92%8C%E9%9D%9E%E9%87%91%E8%9E%8D%E4%BC%81%E4%B8%9A%E5%80%BA%E5%8A%A1%E8%9E%8D%E8%B5%84%E5%B7%A5%E5%85%B7) The company had no corporate bonds (including enterprise bonds) or non-financial enterprise debt financing instruments during the reporting period - The company has no corporate bonds (including enterprise bonds) or non-financial enterprise debt financing instruments[77](index=77&type=chunk) [Convertible Corporate Bonds](index=30&type=section&id=%E5%8F%AF%E8%BD%AC%E6%8D%A2%E5%85%AC%E5%8F%B8%E5%80%BA%E5%88%B8%E6%83%85%E5%86%B5) The company had no convertible corporate bonds during the reporting period - The company has no convertible corporate bonds[77](index=77&type=chunk) [Section VIII Financial Report](index=30&type=section&id=%E7%AC%AC%E5%85%AB%E8%8A%82%20%E8%B4%A2%E5%8A%A1%E6%8A%A5%E5%91%8A) [Audit Report](index=30&type=section&id=%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A) This semi-annual report is unaudited - This semi-annual report is unaudited[78](index=78&type=chunk) [Financial Statements](index=30&type=section&id=%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section includes the company's consolidated and parent company balance sheets, income statements, and statements of changes in owners' equity, showing decreased assets and liabilities, and improved operating cash flow despite a net loss Consolidated Balance Sheet Key Data (June 30, 2025) | Item | Amount (yuan) | | :--- | :--- | | Total Assets | 1,465,455,506.31 | | Total Liabilities | 499,999,306.38 | | Total Equity Attributable to Parent Company Owners | 973,332,413.44 | Consolidated Income Statement Key Data (January-June 2025) | Item | Amount (yuan) | | :--- | :--- | | Total Operating Revenue | 175,158,958.04 | | Total Profit | -43,035,946.26 | | Net Profit Attributable to Parent Company Shareholders | -42,694,621.53 | | Basic Earnings Per Share (yuan/share) | -0.11 | Consolidated Cash Flow Statement Key Data (January-June 2025) | Item | Amount (yuan) | | :--- | :--- | | Net Cash Flow from Operating Activities | 71,147,691.64 | | Net Cash Flow from Investing Activities | -186,980.00 | | Net Cash Flow from Financing Activities | -44,283,858.87 | | Net Increase in Cash and Cash Equivalents | 26,676,852.77 | [Company Overview](index=50&type=section&id=%E5%85%AC%E5%8F%B8%E5%9F%BA%E6%9C%AC%E6%83%85%E5%86%B5) This section details the company's history, share capital changes, corporate governance, and main business activities, including its listing in 2016 and current focus on communication technology services - The company's predecessor was Jilin Post and Telecommunication Engineering Co., Ltd., established on September 27, 2006, with its registered and headquarters address at No. 6399 Nanhu Avenue, Changchun City, Jilin Province[109](index=109&type=chunk) - The company was listed on the Shanghai Stock Exchange on December 2, 2016[110](index=110&type=chunk) - According to the "Reorganization Plan," the company's total share capital has increased to **401,276,979 shares**[111](index=111&type=chunk)[112](index=112&type=chunk) - The company operates in the communication technology service industry, with its main business focusing on communication technology services, integration services, and IDC operation technology services[112](index=112&type=chunk) - Its main business clients include major domestic communication operators and equipment manufacturers such as China Unicom, China Telecom, China Mobile, and China Tower, and also extends to government, enterprise, finance, education, power, fire protection, and transportation sectors[112](index=112&type=chunk) [Basis of Financial Statement Preparation](index=51&type=section&id=%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E7%9A%84%E7%BC%96%E5%88%B6%E5%9F%BA%E7%A1%80) The financial statements are prepared on a going concern basis, in accordance with accounting standards and regulations, using the accrual basis and historical cost as the primary measurement basis - The company's financial statements are prepared on a going concern basis, in accordance with actual transactions and events, and in compliance with the "Enterprise Accounting Standards" issued by the Ministry of Finance and the "Information Disclosure Rules for Companies Issuing Securities to the Public No. 15 - General Provisions for Financial Reports" (Revised in 2023) issued by the China Securities Regulatory Commission[114](index=114&type=chunk) - The company's accounting is based on the accrual method. Except for certain financial instruments, these financial statements are measured primarily at historical cost[114](index=114&type=chunk) - The company has the ability to continue as a going concern for at least 12 months from the end of the reporting period[115](index=115&type=chunk) [Significant Accounting Policies and Accounting Estimates](index=52&type=section&id=%E9%87%8D%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%94%BF%E7%AD%96%E5%8F%8A%E4%BC%9A%E8%AE%A1%E4%BC%B0%E8%AE%A1) This section details the company's accounting policies and estimates across various financial reporting areas, ensuring compliance with enterprise accounting standards and accurate financial representation - The financial statements prepared by the company comply with the requirements of enterprise accounting standards, truly and completely reflecting the company's financial position, operating results, changes in shareholders' equity, and cash flows[117](index=117&type=chunk) - The company uses a 12-month period as an operating cycle and uses it as the standard for classifying assets and liabilities as current or non-current[119](index=119&type=chunk) Materiality Standards Determination Methods and Selection Basis | Item | Materiality Standard | | :--- | :--- | | Important individually impaired receivables | Individually impaired amount accounts for **10% or more** of the total bad debt provision for all types of receivables, or the amount is **greater than 2 million yuan** | | Important recovery or reversal of bad debt provisions for receivables | Individually recovered or reversed amount accounts for **10% or more** of the total amount of all types of receivables, or the amount is **greater than 2 million yuan** | | Important write-off of receivables in the current period | Individually written-off amount accounts for **10% or more** of the total bad debt provision for all types of receivables, or the amount is **greater than 2 million yuan** | | Significant change in the carrying value of contract assets | Change in carrying value of contract assets accounts for **30% or more** of the opening balance of contract assets | | Important contract liabilities with an age of over one year | Individually aged contract liabilities over 1 year account for **10% or more** of the total contract liabilities, or the amount is **greater than 2 million yuan** | | Significant change in the carrying value of contract liabilities | Change in carrying value of contract liabilities accounts for **30% or more** of the opening balance of contract liabilities | | Important accounts payable and other payables | Individually aged accounts payable/other payables over 1 year account for **10% or more** of the total accounts payable/other payables, or the amount is **greater than 2 million yuan** | | Important provisions | Individual type of provision accounts for **10% or more** of the total provisions, or the amount is **greater than 2 million yuan** | | Important subsidiaries | Subsidiary's net assets account for **5% or more** of the group's net assets, or subsidiary's net profit accounts for **10% or more** of the group's consolidated net profit | | Significant activities not involving current cash receipts and payments | Activities not involving current cash receipts and payments that have an impact on the current financial statements **greater than 10% of net assets**, or are expected to have an impact on future cash flows **greater than 10%** of the corresponding total cash inflows or outflows | - The company classifies financial assets into those measured at amortized cost, at fair value through other comprehensive income, and at fair value through profit or loss, based on the business model for managing financial assets and the contractual cash flow characteristics of the financial assets[137](index=137&type=chunk) - When contracts with customers simultaneously meet specific conditions, the company recognizes revenue when the customer obtains control of the related goods, and recognizes revenue based on the progress or point in time of performance[210](index=210&type=chunk)[211](index=211&type=chunk) - Revenue from communication network engineering is recognized based on completion certificates, acceptance forms, or delivery and use certificates issued by customers; revenue from communication network maintenance services is recognized based on assessment and settlement statements issued by customers; IDC technology service revenue is recognized based on the progress of performance; system integration service revenue is recognized at the point of customer acceptance completion; and revenue from commodity sales is recognized at the point of arrival and acceptance completion[212](index=212&type=chunk)[213](index=213&type=chunk)[214](index=214&type=chunk) [Taxation](index=82&type=section&id=%E7%A8%8E%E9%A1%B9) This section discloses the company's main tax types and rates, including VAT and corporate income tax, along with tax incentives for high-tech and small-profit enterprises Main Tax Types and Rates | Tax Type | Tax Basis | Tax Rate | | :--- | :--- | :--- | | Value-Added Tax | Taxable value-added amount | 13, 9, 6 | | Local Education Surcharge | Actually paid turnover tax amount | 2 | | Education Surcharge | Actually paid turnover tax amount | 3 | | Urban Maintenance and Construction Tax | Actually paid turnover tax amount | 7, 5 | | Corporate Income Tax | Taxable income | 25 | - Subsidiary Shanghai Gongchuang Information Technology Co., Ltd. obtained high-tech enterprise qualification, with an approved validity period from December 14, 2022, to December 14, 2025, and pays corporate income tax at a rate of **15%** for this year[226](index=226&type=chunk)[227](index=227&type=chunk) - Beijing Guomai Time-Space Big Data Technology Co., Ltd. and several other subsidiaries meet the conditions for small and micro-profit enterprises, enjoying a preferential policy where the portion of annual taxable income not exceeding **1 million yuan** is reduced by **25%** and taxed at a rate of **20%**[228](index=228&type=chunk) - Some subsidiaries also meet the conditions for small and micro-profit enterprises, enjoying a **50% reduction** in resource tax, urban maintenance and construction tax, property tax, urban land use tax, stamp duty, cultivated land occupation tax, education surcharge, and local education surcharge[229](index=229&type=chunk) [Notes to Consolidated Financial Statement Items](index=83&type=section&id=%E5%90%88%E5%B9%B6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E9%A1%B9%E7%9B%AE%E6%B3%A8%E9%87%8A) This section provides detailed notes for consolidated financial statement items, including cash, receivables, contract assets, inventory, and liabilities, highlighting significant changes due to the reorganization plan - Monetary funds at period-end were **493,456,212.99 yuan**, a **33.24% decrease** from the beginning of the period, primarily due to the execution of the reorganization plan to repay creditor claims[231](index=231&type=chunk) - Accounts receivable at period-end had a book balance of **839,125,602.39 yuan**, with a bad debt provision of **347,750,241.04 yuan**. The top five debtors accounted for **42.19%** of the total accounts receivable and contract assets at period-end[243](index=243&type=chunk)[244](index=244&type=chunk)[253](index=253&type=chunk)[254](index=254&type=chunk)[255](index=255&type=chunk) - Contract assets at period-end had a book value of **1,707,810.95 yuan**, a **89.35% decrease** from the beginning of the period, primarily due to the return of customer quality assurance deposits during the reporting period[256](index=256&type=chunk) - Inventory at period-end had a book value of **348,070,881.21 yuan**, primarily consisting of contract performance costs[276](index=276&type=chunk)[277](index=277&type=chunk) - Restricted assets by ownership or right of use totaled **148,437,152.79 yuan** at period-end, mainly including monetary funds, fixed assets, intangible assets, and investment properties, with restrictions primarily being judicial freezes or seizures[313](index=313&type=chunk)[314](index=314&type=chunk) - Accounts payable at period-end were **44,879,641.96 yuan**, a **70.72% decrease** from the beginning of the period, primarily due to the execution of the reorganization plan to repay creditor claims[318](index=318&type=chunk) - Contract liabilities at period-end were **141,217,230.63 yuan**, a decrease of **44,605,866.21 yuan** from the beginning of the period, primarily due to changes in the timing of fulfilling performance obligations[320](index=320&type=chunk)[321](index=321&type=chunk)[322](index=322&type=chunk)[323](index=323&type=chunk) - Employee benefits payable at period-end were **5,617,386.71 yuan**, an **83.01% decrease** from the beginning of the period, primarily due to the execution of the reorganization plan to pay employee arrears[324](index=324&type=chunk) - Current period operating revenue was **175,158,958.04 yuan**, and operating cost was **160,629,446.61 yuan**, representing year-on-year increases of **50.71%** and **46.14%**, respectively[352](index=352&type=chunk) - Administrative expenses for the current period amounted to **30,903,903.87 yuan**, a **100.30% increase** from the previous period, primarily due to increased intermediary fees[356](index=356&type=chunk)[357](index=357&type=chunk) - Financial expenses for the current period amounted to **-473,269.59 yuan**, a **117.59% decrease** from the previous period, primarily due to reduced loan interest[357](index=357&type=chunk) - Credit impairment losses for the current period amounted to **25,299,871.58 yuan**, primarily consisting of bad debt losses on accounts receivable[363](index=363&type=chunk) - Net cash flow from operating activities for the current period was **71,147,691.64 yuan**, compared to **-5,730,268.53 yuan** in the previous period, turning from negative to positive[375](index=375&type=chunk) [Research and Development Expenses](index=126&type=section&id=%E7%A0%94%E5%8F%91%E6%94%AF%E5%87%BA) This section discloses the company's R&D expenditures for the reporting period, primarily expensed, showing a decrease from the prior year, mainly comprising labor and depreciation costs Research and Development Expenses (January-June 2025 vs. January-June 2024) | Item | Current Period Amount (yuan) | Prior Period Amount (yuan) | | :--- | :--- | :--- | | Labor Costs | 160,954.70 | 339,181.64 | | Depreciation Expenses | 5,898.00 | - | | Travel Expenses | - | 1,362.33 | | Office Expenses | - | - | | Total | 166,852.70 | 340,543.97 | | Of which: Expensed R&D Expenses | 166,852.70 | 340,543.97 | | Capitalized R&D Expenses | - | - | [Changes in Consolidation Scope](index=126&type=section&id=%E5%90%88%E5%B9%B6%E8%8C%83%E5%9B%B4%E7%9A%84%E5%8F%98%E6%9B%B4) The company states no changes in its consolidation scope occurred during the reporting period due to business combinations, reverse acquisitions, or loss of control over subsidiaries - No non-same-control business combinations occurred during the reporting period[381](index=381&type=chunk) - No same-control business combinations occurred during the reporting period[381](index=381&type=chunk) - No reverse acquisitions occurred during the reporting period[382](index=382&type=chunk) - There were no transactions or events resulting in the loss of control over subsidiaries during the reporting period[382](index=382&type=chunk) - No other reasons led to changes in the consolidation scope during the reporting period[382](index=382&type=chunk) [Interests in Other Entities](index=127&type=section&id=%E5%9C%A8%E5%85%B6%E4%BB%96%E4%B8%BB%E4%BD%93%E4%B8%AD%E7%9A%84%E6%9D%83%E7%9B%8A) This section details the company's interests in subsidiaries, listing their names, business locations, registered capital, business nature, and ownership percentages, covering various technology and service sectors Composition of the Enterprise Group | Subsidiary Name | Main Operating Location | Registered Capital (yuan) | Registered Location | Business Nature | Shareholding Ratio (%) Direct | Acquisition Method | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Shanghai Gongchuang Information Technology Co., Ltd. | Shanghai | 32,000,000.00 | Shanghai | Communication network, computer technology | 100 | Business combination not under common control | | Shanghai Fenjie Communication Technology Co., Ltd. | Shanghai | 10,000,000.00 | Shanghai | Internet data center machine room operation and maintenance | 100 | Purchase | | Shanghai Jidiyou Information Technology Co., Ltd. | Shanghai | 10,000,000.00 | Shanghai | Internet data center machine room operation and maintenance | 100 | Purchase | | Zhongtong Guomai IoT Technology Nanjing Co., Ltd. | Nanjing | 51,200,000.00 | Nanjing | Technology development in computer network products | 100 | Investment establishment | | Beijing Xinmao High-Tech Co., Ltd. | Beijing | 5,500,000.00 | Beijing | New energy technology, software development, data processing | 100 | Investment establishment | | Zhongtong Guomai Jilin Province Technology Service Co., Ltd. | Changchun | 5,000,000.00 | Changchun | Technical services, technology development, technical consulting | 100 | Investment establishment | | Beijing Guomai Jianxiang Technology Co., Ltd. | Beijing | 10,000,000.00 | Beijing | Technology promotion services; software development | 60 | Investment establishment | | Beijing Guomai Time-Space Big Data Technology Co., Ltd. | Beijing | 30,000,000.00 | Beijing | Internet information services | 51 | Investment establishment | | Zhongke Remote Sensing (Baishan) Information Technology Co., Ltd. | Baishan | 10,000,000.00 | Baishan | Technology R&D and value-added services | 77 | Purchase | | Zhongtong Guomai (Xinjiang) Technology Co., Ltd. | Urumqi | 16,000,000.00 | Urumqi | Construction engineering | 100 | Investment establishment | | Jilin Dingxintong Technology Co., Ltd. | Changchun | 10,000,000.00 | Changchun | Software and information technology | 100 | Investment establishment | | Zhongtong Guomai (Xinjiang) Digital Technology Co., Ltd. | Urumqi | 10,000,000.00 | Urumqi | Software and information technology | 100 | Investment establishment | | Zhongtong Guomai Jilin Province Human Resources Co., Ltd. | Changchun | 5,000,000.00 | Changchun | Human resource services | 100 | Investment establishment | [Government Grants](index=129&type=section&id=%E6%94%BF%E5%BA%9C%E8%A1%A5%E5%8A%A9) The company states no government grants were recognized as receivables or involved in liability items at the end of the reporting period, nor were there other grants recognized in profit or loss - No government grants recognized as receivables at the end of the reporting period[385](index=385&type=chunk) - No liability items related to government grants[385](index=385&type=chunk) - No other government grants included in current profit and loss[385](index=385&type=chunk) [Risks Related to Financial Instruments](index=129&type=section&id=%E4%B8%8E%E9%87%91%E8%9E%8D%E5%B7%A5%E5%85%B7%E7%9B%B8%E5%85%B3%E7%9A%84%E9%A3%8E%E9%99%A9) This section outlines the company's exposure to market, credit, and liquidity risks, detailing its risk management objectives and policies, including monitoring cash, assessing credit, and maintaining sufficient liquidity - The company's objective in risk management is to achieve an appropriate balance between risk and return, minimizing the negative impact of risks on the company's operating performance, and maximizing the interests of shareholders and other equity investors[386](index=386&type=chunk) - Market risk is primarily associated with floating-rate bank borrowings, and the company's policy is to maintain these borrowings at floating rates[387](index=387&type=chunk) - Credit risk primarily arises from bank deposits, notes receivable, accounts receivable, other receivables, long-term receivables, etc. The company controls credit risk exposure by assessing customer creditworthiness, regularly monitoring, and purchasing credit guarantee insurance[388](index=388&type=chunk) - For the company's accounts receivable, the top five customers' accounts receivable account for **42.40%** of the total accounts receivable; for the company's other receivables, the top five companies' other receivables account for **24.03%** of the total other receivables[389](index=389&type=chunk) - Liquidity risk is managed by maintaining and monitoring what management considers sufficient cash and cash equivalents, and by obtaining commitments from major financial institutions to provide adequate standby funds[390](index=390&type=chunk) Analysis of Financial Liabilities and Off-Balance Sheet Guarantees by Undiscounted Remaining Contractual Cash Flow Maturity (Unit: yuan) | Item | Within 1 Month | 1-3 Months | 3-12 Months | 1-5 Years | Over 5 Years | | :--- | :--- | :--- | :--- | :--- | :--- | | Short-term Borrowings | | | | | | | Accounts Payable | | | 44,161,441.19 | 228,644.28 | 489,556.48 | | Other Payables | | | 282,960,789.01 | 938,810.54 | | | Non-current Liabilities Due Within One Year | | | 824,268.66 | | | | Lease Liabilities | | | 0.00 | | | | Total | | | 327,946,498.86 | 1,167,454.82 | 489,556.48 | [Disclosure of Fair Value](index=131&type=section&id=%E5%85%AC%E5%85%81%E4%BB%B7%E5%80%BC%E7%9A%84%E6%8A%AB%E9%9C%B2) The company states no assets or liabilities were measured at fair value at the period-end, nor were there disclosures regarding fair value measurement levels or unmeasured financial instruments - No assets and liabilities measured at fair value at period-end[393](index=393&type=chunk) - No information on the determination basis, valuation techniques, and significant parameters for market prices of continuous and non-continuous Level 1, Level 2, and Level 3 fair value measurement items[393](index=393&type=chunk) - Fair value information for financial assets and financial liabilities not measured at fair value was not disclosed[393](index=393&type=chunk) [Related Parties and Related-Party Transactions](index=132&type=section&id=%E5%85%B3%E8%81%94%E6%96%B9%E5%8F%8A%E5%85%B3%E8%81%94%E4%BA%A4%E6%98%93) This section discloses the company's parent company, subsidiaries, and other related parties, along with related-party transactions for goods, services, and outstanding receivables/payables - The parent company is Xinjiang Jinzheng Construction Technology Co., Ltd., registered in Xinjiang with a registered capital of **105 million yuan**. The parent company holds a **22.5%** equity interest and voting rights in the company. The ultimate controlling party is Liang Jun[394](index=394&type=chunk) - Other related parties include Xinjiang Jinzheng Jiantou Engineering Group Co., Ltd., Xinjiang Jinzheng Jiantou Engineering Group Co., Ltd. Kashi Branch, Xinjiang Zhongjun Intelligent Equipment Co., Ltd., and other companies controlled by the same entity[395](index=395&type=chunk) Sales of Goods/Provision of Services (Current Period Amount) | Related Party | Related Party Transaction Content | Current Period Amount (yuan) | Prior Period Amount (yuan) | | :--- | :--- | :--- | :--- | | Xinjiang Jinzheng Jiantou Engineering Group Co., Ltd. Kashi Branch | Sales of goods, provision of services | - | 6,325,088.11 | | Xinjiang Zhongjun Intelligent Equipment Co., Ltd. | Sales of goods, provision of services | 3,169,893.10 | 0 | | Xinjiang Kunta Construction Engineering Co., Ltd. | Sales of goods, provision of services | 1,030,000.00 | 0 | Receivables (Period-end Balance) | Item Name | Related Party | Book Balance (yuan) | Bad Debt Provision (yuan) | | :--- | :--- | :--- | :--- | | Accounts Receivable | Xinjiang Jinzheng Jiantou Engineering Group Co., Ltd. Kashi Branch | 12,858,397.92 | 3,065,389.68 | | Accounts Receivable | Xinjiang Kunta Construction Engineering Co., Ltd. | 1,030,000.00 | - | | Total | | 13,888,397.92 | | Payables (Period-end Book Balance) | Item Name | Related Party | Period-end Book Balance (yuan) | | :--- | :--- | :--- | | Accounts Payable | Xinjiang Zhongjun Intelligent Equipment Co., Ltd. | 3,504,623.85 | | Total | | 3,504,623.85 | - Key management personnel compensation for the current period was **1.9868 million yuan**, compared to **3.3102 million yuan** in the prior period[400](index=400&type=chunk) [Share-Based Payments](index=134&type=section&id=%E8%82%A1%E4%BB%BD%E6%94%AF%E4%BB%98) The company states no equity instruments, equity-settled or cash-settled share-based payments, share-based payment expenses, or modifications/terminations occurred during the reporting period - No equity instruments during the reporting period[406](index=406&type=chunk) - No equity-settled share-based payments during the reporting period[406](index=406&type=chunk) - No cash-settled share-based payments during the reporting period[406](index=406&type=chunk) - No share-based payment expenses during the reporting period[406](index=406&type=chunk) - No modifications or terminations of share-based payments during the reporting period[406](index=406&type=chunk) [Commitments and Contingencies](index=135&type=section&id=%E6%89%BF%E8%AF%BA%E5%8F%8A%E6%88%96%E6%9C%89%E4%BA%8B%E9%A1%B9) This section discloses significant contingent matters at the balance sheet date, primarily unresolved construction contract disputes and unjust enrichment cases, with some provisions for estimated liabilities Important Contingent Matters at Balance Sheet Date (Pending Litigation) | Case No. | Plaintiff | Defendant | Case Date | Litigation Type | Amount Involved (yuan) | Case Progress | Is Estimated Liability Provided | Estimated Liability (yuan) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | (2025) Hei 0125 Minchu 1400 | Qi Xiuchen | Zhongtong Guomai Communication Co., Ltd. et al. | 2025 | Construction Contract Dispute | 348,477.28 | Pending | No | | | (2025) Chuan 1403 Minchu 780 | Zeng Zhiyong | Zhongtong Guomai Communication Co., Ltd. et al. | 2025 | Construction Contract Dispute | 749,966.00 | Pending | Yes | 749,966.00 | | (2025) Ji 0104 Minchu 4989 | Li Xiaodong | Liu Qiang et al. | 2025 | Unjust Enrichment Dispute | 30,000.00 | Pending | Yes | 30,000.00 | | (2025) Ji 0502 Minchu 1600 | Jilin Taixin Communication Engineering Co., Ltd. | China Mobile Communication Group Jilin Co., Ltd. et al. | 2025 | Construction Contract Dispute | 4,603,598.48 | Pending | No | | | (2025) Ji 0502 Minchu 1602 | Jilin Taixin Communication Engineering Co., Ltd. | China Unicom Jilin Province Branch Co., Ltd. et al. | 2025 | Construction Contract Dispute | 2,386,248.07 | Pending | Yes | 1,606,119.08 | | (2025) Ji 7503 Minchu 117 | Qi Guoying | Jilin Zhanlong Communication Co., Ltd. et al. | 2025 | Construction Contract Dispute | 263,412.70 | Pending | Yes | 263,412.70 | | (2025) Ji 0104 Minchu 3611 | An Shende | Zhongtong Guomai Communication Co., Ltd. | 2025 | Construction Contract Dispute | 1,266,872.81 | Pending | Yes | 1,266,872.81 | | (Appellant) Zhongtong Guomai Communication Co., Ltd. | (Appellee) Teng Wenbao | 2025 | Construction Contract Dispute | 298,826.32 | Pending | Yes | 298,826.32 | [Events After the Balance Sheet Date](index=136&type=section&id=%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8%E6%97%A5%E5%90%8E%E4%BA%8B%E9%A1%B9) This section discloses other significant events after the balance sheet date, including new construction contract disputes and multiple bank accounts under judicial freeze, involving substantial amounts - New construction contract dispute litigation occurred after the period, such as the Yu Jia v. Zhongtong Guomai Communication Co., Ltd. case, involving an amount of **539,350.00 yuan**, currently pending[409](index=409&type=chunk) Bank Account Freezing Status (As of Report Approval Date) | No. | Frozen Account Name | Frozen Account Opening Bank | Frozen Account Number | Amount in Frozen Account (yuan) | Currently Unfrozen | | :--- | :--- | :--- | :--- | :--- | :--- | | 1 | Zhongtong Guomai Communication Co., Ltd. | Industrial and Commercial Bank of China Changchun Kuanping Avenue Branch | 4200224309000001777 | 694,414.69 | No | | 2 | Zhongtong Guomai Communication Co., Ltd. | Jilin Bank Yatai Avenue Branch | 0103011000006012 | 67,114.62 | No | | 3 | Zhongtong Guomai Communication Co., Ltd. | Jilin Bank Yatai Avenue Branch | 8913264450000001 | 13,814,796.42 | No | | 4 | Zhongtong Guomai Communication Co., Ltd. | China Minsheng Bank Changchun Ziyou Avenue Branch | 690022225 | 1,818,415.12 | No | | 5 | Zhongtong Guomai Communication Co., Ltd. | Shihezi Guomin Rural Bank Co., Ltd. | 60810101302077029 | 600,000.00 | No | | 6 | Zhongtong Guomai Communication Co., Ltd. | China Merchants Bank Co., Ltd. Changchun Huxi Road Branch | 431901036110666 | 588,000.20 | No | | 7 | Zhongtong Guomai Communication Co., Ltd. | Industrial Bank Co., Ltd. Changchun Branch | 581020100100886774 | 2,986.15 | No | | 8 | Zhongtong Guomai Communication Co., Ltd. | Industrial Bank Co., Ltd. Changchun Branch | 581020100100878411 | 9,427.94 | No | | 9 | Zhongtong Guomai Communication Co., Ltd. | Shanghai Pudong Development Bank Changchun Convention and Exhibition Center Branch | 61220078801200000257 | 6,955.57 | No | | 10 | Zhongtong Guomai Communication Co., Ltd. | Shanghai Pudong Development Bank Changchun Branch | 61010078801800004795 | 364,900.02 | No | | 11 | Zhongtong Guomai Communication Co., Ltd. | Bank of China Changchun Yingbin Sub-branch | 160453386117 | 364,900.02 | No | | 12 | Zhongtong Guomai Communication Co., Ltd. | Bohai Bank Co., Ltd. Changchun Branch | 2012598368000189 | 1.00 | No | | 13 | Zhongtong Guomai Communication Co., Ltd. | Bohai Bank Co., Ltd. Changchun Branch | 2012598368000268 | 4.00 | No | | 14 | Zhongtong Guomai Communication Co., Ltd. | Guangfa Bank Co., Ltd. Changchun Xi'an Road Branch | 9550880227560200106 | 9.48 | No | | 15 | Zhongtong Guomai Communication Co., Ltd. | Jilin Bank Satellite Road Branch | 0106011000015754 | 666,009.11 | No | | 16 | Zhongtong Guomai Communication Co., Ltd. | Guangfa Bank Co., Ltd. Changchun Xi'an Road Branch | 9550880227560200566 | 125,491.96 | No | | 17 | Zhongtong Guomai Communication Co., Ltd. | China Construction Bank Co., Ltd. Changchun Donglai South Street Branch | 22050131006700000228 | 2,544,392.56 | No | | 18 | Zhongtong Guomai Communication Co., Ltd. | China Everbright Bank Changchun Automobile Factory Branch | 35970188000201469 | 938.31 | No | | 19 | Zhongtong Guomai Communication Co., Ltd. | Guangfa Bank Co., Ltd. Changchun Satellite Square Branch | 9550880227560200746 | 4.93 | No | | 20 | Zhongtong Guomai Communication Co., Ltd. | Guangfa Bank Co., Ltd. Changchun Xi'an Road Branch | 9550880227560200476 | - | No | | 21 | Zhongtong Guomai Communication Co., Ltd. | China Construction Bank Co., Ltd. Chaoyang Hedong Branch | 21050172004600000071 | 1,102,692.95 | No | | 22 | Zhongtong Guomai Communication Co., Ltd. | Jilin Bank Yatai Avenue Branch | 0103011200000995 | 19,910.38 | No | | 23 | Zhongtong Guomai Jilin Province Technology Service Co., Ltd. | Chuncheng Rural Commercial Bank Automobile Industry Development Zone Branch | 0730604061015200014061 | 25,861.91 | No | | 24 | Zhongtong Guomai Jilin Province Technology Service Co., Ltd. | Industrial Bank Changchun Qianjin Street Branch | 581150100100079648 | 4,151.73 | No | | 25 | Zhongtong Guomai Jilin Province Technology Service Co., Ltd. | Guangfa Bank Co., Ltd. Changchun Xi'an Road Branch | 550880242344200162 | 62,335.06 | No | | 26 | Zhongtong Guomai Jilin Province Technology Service Co., Ltd. | Jilin Jiutai Rural Commercial Bank Co., Ltd. Huxi Road Branch | 0710466011015200001630 | 19.78 | No | | 27 | Zhongtong Guomai Jilin Province Technology Service Co., Ltd. | China Merchants Bank Co., Ltd. Changchun FAW Branch | 431903612010036 | 114,491.98 | No | | 28 | Zhongtong Guomai Communication Co., Ltd. Beijing Branch | Industrial and Commercial Bank of China Zhongguancun Free Trade Zone Yongfeng Base Branch | 0200151809100109091 | 0.88 | No | | 29 | Beijing Guomai Time-Space Big Data Technology Co., Ltd. | China Merchants Bank Beijing Xizhimen Branch | 110930833010301 | 15,045.40 | No | [Other Significant Matters](index=139&type=section&id=%E5%85%B6%E4%BB%96%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) The company states no prior period accounting error corrections, significant debt restructurings, asset exchanges, annuity plans, discontinued operations, segment information, or other material transactions affecting investor decisions occurred - No prior period accounting error corrections during the reporting period[412](index=412&type=chunk) - No significant debt restructurings during the reporting period[412](index=412&type=chunk) - No asset exchanges (non-monetary asset exchanges or other asset exchanges) during the reporting period[414](index=414&type=chunk)[415](index=415&type=chunk) - No annuity plans during the reporting period[415](index=415&type=chunk) - No discontinued operations during the reporting period[415](index=415&type=chunk) - The company has no segment information to report[415](index=415&type=chunk) - No other significant transactions or events affecting investor decisions during the reporting period[415](index=415&type=chunk) [Notes to Parent Company Financial Statement Major Items](index=140&type=section&id=%E6%AF%8D%E5%85%AC%E5%8F%B8%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E4%B8%BB%E8%A6%81%E9%A1%B9%E7%9B%AE%E6%B3%A8%E9%87%8A) This section provides detailed notes for the parent company's key financial statement items, including accounts receivable, other receivables, long-term equity investments, revenue, costs, and investment income Parent Company Accounts Receivable Status (Period-end) | Item | Amount (yuan) | | :--- | :--- | | Book Balance | 799,391,687.37 | | Bad Debt Provision | 316,596,736.06 | | Book Value | 482,794,951.31 | - The top five debtors for the parent company's accounts receivable accounted for **42.85%** of the total accounts receivable and contract assets at period-end[426](index=426&type=chunk) Parent Company Other Receivables Status (Period-end) | Item | Amount (yuan) | | :--- | :--- | | Book Balance | 93,943,474.47 | | Bad Debt Provision | 34,310,852.31 | | Book Value | 59,632,622.16 | Parent Company Long-term Equity Investment Status (Period-end Book Value) | Item | Amount (yuan) | | :--- | :--- | | Investment in Subsidiaries | 90,286,136.85 | | Total | 90,286,136.85 | Parent Company Operating Revenue and Operating Cost (January-June 2025 vs. January-June 2024) | Item | Current Period Amount (Revenue) (yuan) | Prior Period Amount (Revenue) (yuan) | Current Period Amount (Cost) (yuan) | Prior Period Amount (Cost) (yuan) | | :--- | :--- | :--- | :--- | :--- | | Main Business | 165,241,467.23 | 102,858,517.04 | 153,012,759.33 | 99,082,103.96 | | Other Business | 1,466,559.56 | 1,318,278.34 | 462,372.44 | 47

Core Viewpoint - The company, Zhongtong Guomai Communication Co., Ltd., is currently involved in a significant lawsuit regarding a construction contract dispute, with the case now in the second instance of appeal [2][4]. Group 1: Lawsuit Overview - The company received a summons from the Jilin Province Tongyu County People's Court regarding a construction contract dispute with Zhongsheng Hongcheng (Group) Co., Ltd. [3] - The company has appealed against the first-instance judgment made by the Tongyu County People's Court, which ruled against it in the amount of 27,348,024.83 yuan plus interest [2][4]. - The second-instance case has been accepted by the Baicheng Intermediate People's Court, with the first hearing scheduled for August 21, 2025 [4][11]. Group 2: Legal Parties Involved - The appellant (original defendant) is Zhongtong Guomai Communication Co., Ltd., represented by its legal representative, Li Xuegang [5]. - The appellee (original plaintiff) is Zhongsheng Hongcheng (Group) Co., Ltd., represented by its legal representative, Gong Shufeng [6]. - The original defendant also includes China United Network Communications Co., Ltd. Jilin Province Branch [7][8]. Group 3: Appeal Details - The company requests the annulment of the first-instance judgment and seeks a retrial of the case [9]. - The appeal is based on several grounds, including procedural violations and errors in the original court's factual determinations [10]. - The company emphasizes that the original judgment improperly assigned financial responsibilities and failed to consider certain agreements related to cost-sharing [10]. Group 4: Financial Impact - As of the date of the announcement, the lawsuit has not yet been heard, and the final outcome remains uncertain regarding its impact on the company's current and future profits [12].