Dividend Distribution - The company plans to distribute a cash dividend of 0.45 RMB per 10 shares, totaling 6,241,890 RMB for the year 2017[5]. - The company’s total undistributed profits will be carried forward to the next year after the dividend distribution[5]. - The company reported a net profit of 27,849,780.78 RMB for 2017, with a cash dividend payout ratio of 22.41%[84]. - The cash dividend policy stipulates that at least 20% of the distributable profits should be allocated as cash dividends if the company is profitable and has positive retained earnings[79]. Financial Performance - The company's operating revenue for 2017 was CNY 542,789,004.81, representing a year-on-year increase of 9.83% compared to CNY 494,189,210.06 in 2016[22]. - The net profit attributable to shareholders decreased by 34.53% to CNY 27,849,780.78 in 2017 from CNY 42,535,482.80 in 2016[22]. - The basic earnings per share dropped by 50.00% to CNY 0.21 in 2017, down from CNY 0.42 in 2016[23]. - The weighted average return on equity decreased by 7.80 percentage points to 5.31% in 2017 from 13.11% in 2016[23]. - The net cash flow from operating activities was negative at CNY -67,850,137.20 in 2017, a decline of 247.81% compared to CNY 45,902,470.57 in 2016[22]. - The total assets increased by 13.11% to CNY 890,783,088.94 at the end of 2017, compared to CNY 787,506,702.02 at the end of 2016[22]. - The company achieved a main business revenue of 539.51 million yuan, an increase of 10.73% compared to 487.23 million yuan in the previous year[46]. - The main business cost for the year was 451.74 million yuan, up 14.13% from 395.82 million yuan year-on-year[48]. - The gross profit margin for the communication technology service industry decreased by 2.67 percentage points to 16.09%[48]. - The company reported a gross profit margin of 16.27% for the overall business, a decrease of 2.49 percentage points compared to the previous year[48]. Operational Developments - The company completed the acquisition and restructuring of Shanghai Gongchuang Information Technology Co., Ltd., enhancing its competitive advantage[32]. - The company established a new subsidiary focused on IoT big data in Nanjing, further expanding its business coverage[32]. - The company delivered 3,016 construction and maintenance orders in 2017, with an acceptance rate of 98.18%[37]. - The company added 31 new instruments and 112 sets of construction and maintenance equipment in 2017, enhancing its technological and equipment advantages[37]. - The company invested in the establishment of Guomai Internet of Things and Guomai Time Space, focusing on IoT, cloud computing, and big data[41]. Risk Management - The company has detailed the major risks associated with its operations in the report, including potential future challenges and countermeasures[7]. - The company emphasizes the importance of investor awareness regarding the uncertainties in forward-looking statements made in the report[6]. - The company faces risks including revenue concentration from telecom operators, rising labor costs, and declining service prices impacting profit margins[76]. Shareholder and Governance Matters - The company has established a non-compete agreement for key personnel to prevent direct or indirect competition with its subsidiaries for a period of two years post-employment[89]. - The company has implemented measures to avoid potential conflicts of interest and competition with its subsidiaries[89]. - The company has established a clear framework for compensation in case of violations of the non-compete agreement[89]. - The company has a three-year stock price stabilization commitment, implementing measures if the stock price falls below the latest audited net asset value[93]. - The company will ensure that any related party transactions are conducted at fair prices and in accordance with relevant laws and regulations[90]. - The company has a lock-up period of 36 months for its shares post-IPO, with specific conditions for share transfers during this period[92]. - The company has no major litigation or arbitration matters during the reporting period[104]. - The company has no significant accounting errors or corrections to report[109]. Employee and Management Information - The company employed a total of 615 staff, with 585 in the parent company and 30 in major subsidiaries[151]. - The educational background of employees includes 205 with bachelor's degrees or higher, 293 with associate degrees, and 117 with vocational or lower education levels[151]. - The company has established a comprehensive training system, conducting multiple regular and targeted training sessions to enhance employee skills and management levels[153]. - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to 3.4258 million yuan[148]. Future Outlook - The company provided a positive outlook for 2018, projecting a revenue growth of 15% to 20% based on current market trends[121]. - The company plans to focus on expanding its market presence and enhancing product development in the upcoming year, aiming for improved financial performance[199]. - The company plans to continue its market expansion and product development initiatives in the upcoming fiscal year[123].

Financial Performance - Operating revenue for the first nine months was ¥304,793,936.97, representing a growth of 15.14% year-on-year[6]. - Net profit attributable to shareholders decreased by 31.61% to ¥14,926,448.72 compared to the same period last year[6]. - The weighted average return on equity fell by 4.38 percentage points to 2.88%[6]. - Basic and diluted earnings per share dropped by 66.67% to ¥0.11[6]. - Operating profit decreased by 32.40% to ¥20,162,979.22 from ¥29,825,398.37, impacted by rising management expenses and asset impairment losses[11]. - Net profit fell by 31.61% to ¥14,926,448.72 from ¥21,824,078.43, primarily due to increased management expenses and asset impairment losses[11]. - Total operating revenue for Q3 was 87,839,736.66, a slight increase from 87,598,453.99 in the previous year, representing a year-over-year growth of 0.27%[25]. - Operating profit for Q3 was reported at 5,738,471.25, compared to 14,626,124.99 in the same period last year, indicating a significant decline of 60.8%[26]. - Net profit for the period was 4,267,007.86, down from 10,866,275.99, reflecting a decrease of 60.7% year-over-year[27]. - Earnings per share (EPS) for Q3 was 0.03, a decrease from 0.16 in the same quarter last year, representing a decline of 81.25%[27]. Cash Flow and Liquidity - Net cash flow from operating activities was negative at -¥115,559,507.28, compared to -¥39,940,560.68 in the previous year[6]. - Cash and cash equivalents decreased by 43.11% to ¥98,199,869.37 from ¥172,621,672.56 due to the implementation of fundraising projects[10]. - Cash flow from operating activities showed a significant negative change, amounting to -¥115,559,507.28 compared to -¥39,940,560.68 in the previous period[11]. - Cash inflow from investment activities totaled $101.24 million, an increase from $86.45 million year-over-year[35]. - Net cash inflow from investment activities was $60.14 million, a significant improvement from a net outflow of $4.67 million in the same period last year[35]. - Cash inflow from financing activities was $18 million, down from $42 million in the previous year, reflecting a decrease of 57.1%[36]. - Net cash outflow from financing activities was $18.02 million, worsening from a net outflow of $7.74 million year-over-year, indicating an increase of 132.5%[36]. - The ending cash and cash equivalents balance was $93.16 million, a significant increase from $5.13 million at the end of the same period last year[36]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥788,241,683.84, a slight increase of 0.09% compared to the previous year-end[6]. - Total assets increased to ¥789,217,570.97 from ¥787,193,146.93, reflecting a growth of approximately 0.13%[20]. - Current liabilities decreased to ¥261,296,204.82 from ¥267,698,300.24, a reduction of about 2.5%[22]. - Total liabilities decreased to ¥265,373,549.72 from ¥271,815,587.36, a decline of about 2.4%[22]. - Share capital increased to ¥132,000,000.00 from ¥88,000,000.00, reflecting a growth of approximately 50%[19]. - Retained earnings increased to ¥163,317,570.73 from ¥155,954,444.07, a growth of about 4.4%[23]. - Non-current assets totaled ¥118,122,091.66, up from ¥82,427,830.59, indicating an increase of approximately 43.4%[21]. - The total equity increased to ¥523,844,021.25 from ¥515,377,559.57, reflecting a growth of about 1.9%[23]. Shareholder Information - The total number of shareholders was 19,566 at the end of the reporting period[9]. - The top shareholder, Wang Shichao, holds 6.35% of the shares, totaling 8,383,500 shares[9]. Operational Challenges - Management expenses for Q3 were 7,498,954.75, up from 5,104,212.13, indicating a year-over-year increase of 46.9%[25]. - Asset impairment losses for Q3 were reported at 623,538.79, compared to a gain of -675,100.46 in the previous year, showing a significant change in performance[25]. - The company reported a 67.96% increase in taxes and surcharges to ¥1,554,450.70 from ¥925,489.33, due to changes in tax policies[11]. - The company has not disclosed any new product developments or market expansion strategies in this report[4]. Future Plans - The company plans to continue pursuing a major asset restructuring to enhance its core communication technology services, despite the initial rejection of the proposal by the regulatory authority[12]. - The board approved the continuation of the major asset restructuring plan with unanimous support, indicating a commitment to enhancing the company's operational capabilities[13].

Financial Performance - The company's operating revenue for the first half of 2017 was ¥216,954,200.31, representing a 22.50% increase compared to ¥177,109,828.43 in the same period last year[19]. - The net profit attributable to shareholders of the listed company decreased by 2.72% to ¥10,659,440.86 from ¥10,957,802.44 year-on-year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 5.33% to ¥11,494,250.61 compared to ¥10,913,073.00 in the previous year[19]. - The net cash flow from operating activities was negative at -¥77,644,858.07, worsening from -¥9,581,543.68 in the same period last year[19]. - The total assets at the end of the reporting period were ¥787,383,160.82, a slight decrease of 0.02% from ¥787,506,702.02 at the end of the previous year[19]. - The net assets attributable to shareholders increased by 0.52% to ¥518,257,865.54 from ¥515,574,406.35 at the end of the previous year[19]. - Basic earnings per share decreased by 52.94% to ¥0.08 from ¥0.17 in the same period last year[20]. - The diluted earnings per share also decreased by 52.94% to ¥0.08 from ¥0.17 year-on-year[20]. - The weighted average return on net assets decreased by 1.61 percentage points to 2.05% from 3.66% in the previous year[20]. Operating Costs and Expenses - Operating costs increased to RMB 184.94 million, a rise of 23.30% compared to the previous year, primarily due to increased revenue[34]. - Research and development expenses decreased by 43.11% to RMB 416,968.32, attributed to a reduction in R&D personnel[35]. - The company reported a significant increase in sales expenses by 2.56% to RMB 2.05 million, mainly due to increased bidding costs[34]. - Management expenses rose to ¥11,843,616.31, an increase of 34.4% compared to ¥8,812,094.20 in the previous period[89]. Cash Flow and Liquidity - Cash and cash equivalents decreased by 11.18% to ¥153,319,363.43, accounting for 19.47% of total assets[36]. - Accounts receivable increased by 18.70% to ¥345,659,079.11, representing 43.90% of total assets[36]. - Inventory rose by 17.97% to ¥150,669,028.59, making up 19.14% of total assets[36]. - The company reported a total cash outflow from operating activities of 285,956,836.82 RMB, up from 256,630,265.34 RMB year-over-year[98]. - The ending balance of cash and cash equivalents was 147,232,422.30 RMB, down from 37,290,804.31 RMB at the end of the previous period[98]. Shareholder Information and Equity - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of listing, ensuring stability in shareholding[48]. - Shareholders are restricted from reducing their holdings below the issue price for two years after the lock-up period ends, promoting long-term investment[48]. - The company will implement a stock price stabilization plan if the stock price falls below the latest audited net asset value per share, ensuring market confidence[50]. - The company has established a plan to compensate investors for losses if it is found to have violated regulations, reinforcing accountability[52]. - The total number of ordinary shareholders reached 13,686 by the end of the reporting period[67]. Strategic Initiatives and Market Position - The company established a wholly-owned subsidiary with an investment of RMB 30 million to enhance its competitive advantage in the smart city development sector[26]. - The company is in the process of acquiring 100% of Shanghai Gongchuang Information Technology Co., Ltd., which will stabilize its market share in the operator-level communication information service sector[31]. - The company is strategically expanding its market presence in emerging regions such as Hebei, Tianjin, Shanxi, and Shaanxi[31]. Risks and Challenges - The company faces risks from reduced investment from major clients, particularly China Unicom, which may lead to decreased revenue[42]. - The company anticipates intensified competition in the telecommunications sector, potentially impacting profit margins[42]. Accounting Policies and Compliance - The financial report indicates that there are no outstanding bonds or debt instruments issued by the company[78]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[72]. - The financial statements comply with the requirements of enterprise accounting standards, reflecting the company's financial position and operating results accurately[118]. - The company has included subsidiaries in its consolidated financial statements, specifically Jilin Baixin Human Resources Consulting Co., Ltd. and Zhongtong Guomai Internet of Things Technology Nanjing Co., Ltd.[115]. Asset Management and Valuation - The company assesses the net realizable value of inventory, recognizing impairment when the cost exceeds the net realizable value[138]. - Long-term equity investments are accounted for using the cost method for subsidiaries and the equity method for associates and joint ventures[140]. - The company recognizes impairment losses on goodwill only after testing the asset groups that do not include goodwill[147]. Revenue Recognition - The company recognizes revenue from sales of goods when the major risks and rewards of ownership have transferred to the buyer, and the amount can be reliably measured[173]. - Revenue from construction contracts is recognized using the percentage-of-completion method, with income confirmed upon obtaining customer acceptance[175].

Financial Performance - Operating revenue increased by 1.64% to CNY 59,446,861.64 year-on-year[6] - Net profit attributable to shareholders decreased by 127.18% to a loss of CNY 308,665.55[6] - Basic and diluted earnings per share both decreased by 123.53% to CNY -0.004[6] - The operating profit for Q1 2017 was CNY 690,051.62, a decrease of 53.62% from CNY 1,487,960.74 in the previous year[23] - The net profit for Q1 2017 was a loss of CNY 308,665.55, compared to a profit of CNY 1,135,607.87 in the same quarter last year[23] - Earnings per share for Q1 2017 was -0.004 CNY, down from 0.017 CNY in the previous year[24] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -77,544,509.87, worsening from CNY -29,580,653.55 in the previous year[6] - Cash inflows from operating activities totaled CNY 91,646,146.84, a decrease of 19.43% from CNY 113,718,556.08 in the same period last year[29] - The net cash flow from operating activities was -77,681,359.64 RMB, compared to -29,093,468.99 RMB in the previous period, indicating a significant decline in operational cash flow[32] - The total cash outflow for operating activities was 168,523,595.19 RMB, compared to 142,646,579.84 RMB in the previous period, indicating increased operational expenses[32] Assets and Liabilities - Total assets decreased by 1.21% to CNY 777,983,210.74 compared to the end of the previous year[6] - The company’s non-current assets totaled RMB 80,164,161.69, down from RMB 81,390,248.87[16] - The company’s total liabilities decreased to RMB 262,426,683.11 from RMB 271,932,295.67, a decline of approximately 3.5%[17] - Total current liabilities decreased to RMB 258,330,101.58 from RMB 267,815,008.55, a reduction of about 3.5%[17] - The total liabilities as of the end of Q1 2017 were CNY 262,362,924.56, down from CNY 271,815,587.36 at the end of the previous quarter[21] Investments - Investment activities generated a net cash flow of CNY 97,423,249.80, a significant recovery from a negative cash flow in the previous year[10] - The company reported an investment income of CNY 900,000.00 in Q1 2017, with no investment income reported in the same period last year[23] - Total cash inflow from investment activities was 100,998,313.10 RMB, while cash outflow was 3,575,063.30 RMB, resulting in a net cash flow from investment activities of 97,423,249.80 RMB, a substantial improvement from -1,876,756.08 RMB in the previous period[32] Other Financial Metrics - The weighted average return on equity decreased by 115.79 percentage points to -0.06%[6] - Prepayments increased significantly by 750.16% to CNY 40,462,705.70 due to unfinished projects[10] - Other receivables rose by 101.04% to CNY 19,704,226.20, attributed to increased bid guarantees[10] - The company reported a 238.26% increase in taxes paid, totaling CNY 10,965,987.25, primarily due to prepayment of last year's income tax[10] - The company paid 10,900,283.34 RMB in taxes, significantly higher than 3,221,459.45 RMB in the previous period, reflecting increased tax obligations[32] - The company experienced an asset impairment loss of CNY 1,089,242.13 in Q1 2017, compared to CNY 299,328.51 in the previous year, indicating increased financial strain[23] Equity - The company's equity attributable to shareholders was RMB 515,556,527.63, slightly down from RMB 515,574,406.35[17] - Total equity increased slightly to CNY 515,613,810.36 from CNY 515,377,559.57 in the previous quarter[21] Cash and Cash Equivalents - Cash and cash equivalents increased to RMB 190,406,787.49 from RMB 172,621,672.56, reflecting a growth of approximately 10.7%[15] - The cash and cash equivalents at the end of the period increased to 184,646,076.84 RMB, up from 25,553,444.27 RMB in the previous period, reflecting a positive cash position[33] - The company’s cash and cash equivalents increased by 19,448,265.16 RMB during the period, contrasting with a decrease of 31,356,026.90 RMB in the previous period[33] Future Plans - The company plans to establish a wholly-owned subsidiary with an investment of RMB 30 million[11]

Financial Performance - The company's operating revenue for 2016 was RMB 494,189,210, representing a year-on-year increase of 20.83% compared to RMB 409,002,201 in 2015[21]. - The net profit attributable to shareholders of the listed company was RMB 42,535,482.8, a 4.78% increase from RMB 40,595,081.5 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was RMB 42,119,311.9, up 6.05% from RMB 39,717,711.6 in 2015[21]. - The cash flow generated from operating activities was RMB 45,902,470.5, an increase of 36.98% compared to RMB 33,510,686.7 in 2015[21]. - Basic earnings per share for 2016 was CNY 0.63, a 1.61% increase compared to CNY 0.62 in 2015[23]. - Diluted earnings per share for 2016 was also CNY 0.63, reflecting the same 1.61% increase from 2015[23]. - The net profit attributable to shareholders for Q4 2016 was CNY 20,711,404.37, with a total annual net profit of CNY 42,535,482.80[24]. - The company raised CNY 220 million through its initial public offering in November 2016, significantly increasing its net assets[24]. Assets and Liabilities - The total assets at the end of 2016 were RMB 787,506,702, reflecting a 46.11% increase from RMB 538,990,840 at the end of 2015[21]. - The net assets attributable to shareholders of the listed company increased by 73.56% to RMB 515,574,406 from RMB 297,061,795 in 2015[21]. - The total liabilities of the company as of December 31, 2016, were RMB 271,932,295.67, up from RMB 241,929,045.42, which is an increase of approximately 12.4%[171]. - The company's equity increased significantly to RMB 515,574,406.35 from RMB 297,061,795.20, marking a growth of approximately 73.5%[171]. Revenue and Cost Analysis - Operating costs increased by 25.07% to CNY 399.49 million, with significant contributions from the North China and Northeast regions[38]. - The total cost of the company was 395.82 million yuan, reflecting a 24.98% increase compared to 316.71 million yuan in the previous year[50]. - Material consumption costs increased by 50.17% due to higher business volume, amounting to 3.75 million yuan[50]. - Labor costs and outsourcing expenses accounted for 63.62% of the revenue in equipment installation projects, up 7.38% from the previous year[46]. Dividends and Profit Distribution - The company proposed a cash dividend of RMB 1.00 per 10 shares, totaling RMB 880,000, and a capital reserve conversion of 5 shares for every 10 shares held[3]. - The company has a profit distribution policy that mandates a minimum cash dividend of 20% of the distributable profit if the company is profitable[90]. - For the 2016 profit distribution, the company plans to distribute a cash dividend of 1.00 RMB per 10 shares, totaling 8,800,000 RMB[92]. - In the past three years, the cash dividend payout ratio has varied, with 2016 at 20.69%, 2015 at 40.65%, and 2014 at 44.59%[93]. Risks and Challenges - The company has outlined potential risks in its future plans, emphasizing the importance of investor awareness regarding investment risks[4]. - The company recognizes the risks associated with changes in procurement policies by telecom operators, which could affect its ability to secure contracts and maintain profitability[86]. - Rising labor costs pose a risk, with the company focusing on talent training and cost control to stabilize profit levels[87]. - New business ventures and market expansions may have long investment recovery periods, potentially lowering profit margins for the company[87]. Strategic Initiatives and Future Outlook - The company plans to leverage its capital platform to accelerate new business and project development[37]. - The company aims to enhance its management practices to achieve cost reduction goals[37]. - The company is focusing on developing smart manufacturing and IoT applications to enhance operational efficiency and quality[68]. - The company plans to enter new markets such as smart cities, smart tourism, and smart agriculture, targeting over 1 billion yuan in new business revenue within three years and exceeding 700 million yuan in net assets[74]. Governance and Compliance - The company has committed to ensuring the accuracy and completeness of its financial reports, with all board members present at the meeting[5]. - The company has implemented a series of internal governance structures, including rules for shareholder meetings and board meetings, enhancing operational compliance[157]. - The company has no penalties from securities regulatory agencies in the past three years, indicating compliance with regulations[150]. - The company has not engaged in any significant related party transactions during the reporting period[110]. Employee and Management Structure - The company employed a total of 587 staff, with 518 being technical personnel, 9 sales personnel, and 52 administrative personnel[151]. - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to 2.1018 million yuan[148]. - The company has established a comprehensive training system, conducting multiple training sessions to improve employee skills and management levels[153]. - The company has appointed a new general manager, Zhang Xiankun, following the resignation of the previous general manager, Wang Shichao[149].