2021 年年度报告 公司代码：603666 公司简称：亿嘉和 亿嘉和科技股份有限公司 Yijiahe Technology Co., Ltd. 2021 年年度报告 2021 年年度报告 重要提示 四、 公司负责人姜杰、主管会计工作负责人王立杰及会计机构负责人（会计主管人员）王立杰声 明：保证年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 以公司实施权益分派股权登记日登记的总股本为基数，向全体股东每10股派发现金红利人民 币1.60元（含税），同时以资本公积转增股本，每10股转增4股。剩余未分配利润结转以后年度分 配。如在本预案公开披露之日起至实施权益分派股权登记日期间，因股权激励授予、股份回购注 销等原因致使公司总股本发生变动的，公司拟维持每股分配金额、每股转增比例不变，相应调整 分配总额、转增总额。该议案尚需提交公司股东大会审议批准。 一、 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实性、准确性、 完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 1 / 232 ...

[Main Financial Data](index=1&type=section&id=%E4%B8%80.%20%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE) [Key Accounting Data and Financial Indicators](index=1&type=section&id=%28%E4%B8%80%29%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) In Q1 2022, operating revenue saw a slight 1.23% increase, while net profit attributable to shareholders declined 36.20% due to associate losses and reduced government grants, despite a strong 95.53% growth in operating cash flow Key Financial Data and Indicators | Indicator | Current Period (Yuan) | Year-on-Year Change (%) | | :--- | :--- | :--- | | Operating Revenue | 193,442,178.51 | 1.23% | | Net Profit Attributable to Shareholders of Listed Company | 36,727,389.30 | -36.20% | | Net Profit Attributable to Parent Company Shareholders Excluding Non-recurring Items | 20,731,711.95 | -43.89% | | Net Cash Flow from Operating Activities | 309,008,789.44 | 95.53% | | Basic Earnings Per Share (Yuan/share) | 0.18 | -37.15% | | Total Assets (Period-end) | 3,624,305,921.77 | 7.47% (vs. End of Previous Year) | | Equity Attributable to Parent Company Shareholders (Period-end) | 2,696,854,288.98 | 1.72% (vs. End of Previous Year) | - The decline in net profit was primarily due to operating losses from an associate company and reduced government grants[6](index=6&type=chunk) - The significant increase in operating cash flow was mainly due to the discounting of bank acceptance bills with banks during the reporting period, leading to increased cash collection from sales[6](index=6&type=chunk) [Non-recurring Gains and Losses Items and Amounts](index=2&type=section&id=%28%E4%BA%8C%29%E9%9D%9E%E5%B8%B8%E8%A7%84%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%92%8C%E9%87%91%E9%A2%9D) Total non-recurring gains and losses for the current period amounted to 15.9957 million Yuan, primarily from fair value changes in financial assets, government grants, and entrusted investment gains Non-recurring Gains and Losses | Item | Amount for Current Period (Yuan) | | :--- | :--- | | Fair Value Change Gains/Losses from Financial Assets Held for Trading, etc. | 8,212,278.10 | | Government Grants Recognized in Current Period P/L | 6,268,598.61 | | Gains/Losses from Entrusted Investments or Asset Management | 4,298,231.61 | | **Total** | **15,995,677.35** | [Explanation of Major Financial Indicator Changes](index=3&type=section&id=%28%E4%B8%89%29%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87%E5%8F%91%E7%94%9F%E5%8F%98%E5%8A%A8%E7%9A%84%E6%83%85%E5%86%B5%E3%80%81%E5%8E%9F%E5%9B%A0) Significant changes in financial indicators include an 86.56% increase in trading financial assets, a 93.02% decrease in accounts receivable financing, a 146.01% rise in short-term borrowings, a 143.80% decline in investment income, and a 384.07% surge in fair value change income - Key Balance Sheet Changes: - **Trading Financial Assets**: +86.56%, primarily due to increased purchases of structured deposits[9](index=9&type=chunk) - **Financing for Accounts Receivable**: -93.02%, mainly due to bank acceptance bill discounting[9](index=9&type=chunk) - **Development Expenditures**: +141.96%, primarily due to increased capitalized R&D expenses[9](index=9&type=chunk) - **Short-term Borrowings**: +146.01%, mainly due to increased short-term bank working capital borrowings[9](index=9&type=chunk) - Key Income Statement Changes: - **Investment Income**: -143.80%, primarily due to operating losses from an associate company[9](index=9&type=chunk) - **Fair Value Change Income**: +384.07%, mainly due to increased interest income recognized from structured deposits[9](index=9&type=chunk)[10](index=10&type=chunk) - **Financial Expenses**: +99.54%, primarily due to increased handling fees and interest from bank acceptance bill discounting[10](index=10&type=chunk) [Shareholder Information](index=4&type=section&id=%E4%BA%8C.%20%E8%82%A1%E4%B8%9C%E4%BF%A1%E6%81%AF) [Shareholding Status of Shareholders](index=4&type=section&id=%28%E4%B8%80%29%E6%99%AE%E9%80%9A%E8%82%A1%E8%82%A1%E4%B8%9C%E6%80%BB%E6%95%B0%E5%92%8C%E8%A1%A8%E5%86%B3%E6%9D%83%E6%81%A2%E5%A4%8D%E7%9A%84%E4%BC%98%E5%85%88%E8%82%A1%E8%82%A1%E4%B8%9C%E6%95%B0%E9%87%8F%E5%8F%8A%E5%89%8D%E5%8D%81%E5%90%8D%E8%82%A1%E4%B8%9C%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5%E8%A1%A8) As of the reporting period end, the company had 8,279 common shareholders, with top shareholder Zhu Fuyun holding 29.69% and having related party or concerted action relationships with Nanjing Ruibei and Zhang Jing, while several top ten shareholders have pledged their equity - The total number of common shareholders at the end of the reporting period was **8,279**[12](index=12&type=chunk) Top Ten Shareholders' Shareholding Status | Shareholder Name | Shareholding Percentage (%) | Pledged Shares Quantity | | :--- | :--- | :--- | | Zhu Fuyun | 29.69% | 12,500,000 | | Nanjing Ruibei Venture Capital Management Center | 12.35% | 5,500,000 | | Nanjing Shijie Enterprise Management Consulting Partnership | 4.49% | 4,704,000 | | Zhang Jing | 4.35% | 0 | | Hong Kong Securities Clearing Company Limited | 3.65% | Unknown | - Explanation of Shareholder Related Party Relationships: Nanjing Ruibei is an entity effectively controlled by Zhu Fuyun, and Zhang Jing is a concerted party of Zhu Fuyun[14](index=14&type=chunk) [Other Reminders](index=6&type=section&id=%E4%B8%89.%20%E5%85%B6%E4%BB%96%E6%8F%90%E9%86%92%E4%BA%8B%E9%A1%B9) The company actively advanced its 2022 equity incentive plan during the reporting period, which includes stock options and restricted shares, with the initial grant to incentive recipients approved and implemented on April 27 - From February to April 2022, the company reviewed, revised, and approved the **"2022 Stock Option and Restricted Share Incentive Plan"**[15](index=15&type=chunk) - On April 27, 2022, the company's Board of Directors and Supervisory Board approved the proposal for the initial grant of stock options and restricted shares to incentive recipients, and began implementation[16](index=16&type=chunk) [Financial Statements](index=7&type=section&id=%E5%9B%9B.%20%E5%AD%A3%E5%BA%A6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) [Consolidated Balance Sheet](index=7&type=section&id=%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of March 31, 2022, total assets reached 3.624 billion Yuan, up 7.47% from year-end, driven by trading financial assets and short-term borrowings, while total liabilities increased 28.6% to 927 million Yuan, and equity attributable to shareholders slightly rose 1.72% to 2.697 billion Yuan Consolidated Balance Sheet Summary | Item | March 31, 2022 (Yuan) | December 31, 2021 (Yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 3,624,305,921.77 | 3,372,484,940.47 | +7.47% | | Total Liabilities | 927,451,632.79 | 721,239,967.56 | +28.59% | | Equity Attributable to Parent Company Shareholders | 2,696,854,288.98 | 2,651,244,972.91 | +1.72% | - Asset growth primarily stemmed from **trading financial assets**, increasing from **592 million Yuan** to **1.105 billion Yuan**[18](index=18&type=chunk) - Liability growth was mainly due to **short-term borrowings**, rising from **175 million Yuan** to **431 million Yuan**[19](index=19&type=chunk) [Consolidated Income Statement](index=9&type=section&id=%E5%90%88%E5%B9%B6%E5%88%A9%E6%B6%A6%E8%A1%A8) In Q1 2022, operating revenue reached 193 million Yuan, up 1.23% year-on-year, but operating profit and net profit declined due to investment income turning negative and significantly reduced non-operating income, resulting in a 36.20% decrease in net profit attributable to parent company shareholders to 36.73 million Yuan Consolidated Income Statement Summary | Item | Q1 2022 (Yuan) | Q1 2021 (Yuan) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 193,442,178.51 | 191,098,930.95 | +1.23% | | Operating Profit | 35,247,559.79 | 42,195,862.94 | -16.47% | | Total Profit | 41,499,224.63 | 71,974,542.32 | -42.34% | | Net Profit Attributable to Parent Company Shareholders | 36,727,389.30 | 57,567,248.88 | -36.20% | - Investment income was **-3.48 million Yuan**, compared to **7.95 million Yuan** in the prior year, primarily due to a **7.78 million Yuan** investment loss from associates[22](index=22&type=chunk) - Research and development expenses decreased by **28.62%** year-on-year, from **35.65 million Yuan** to **25.45 million Yuan**[22](index=22&type=chunk) [Consolidated Cash Flow Statement](index=11&type=section&id=%E5%90%88%E5%B9%B6%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) Operating cash flow significantly increased by 95.53% to 309 million Yuan due to higher sales collections, while investing activities resulted in a 595 million Yuan net outflow from increased wealth management product purchases, and financing activities generated a 218 million Yuan net inflow from new bank borrowings Consolidated Cash Flow Statement Summary | Item | Q1 2022 (Yuan) | Q1 2021 (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 309,008,789.44 | 158,032,955.66 | | Net Cash Flow from Investing Activities | -595,010,327.47 | -262,824,401.48 | | Net Cash Flow from Financing Activities | 217,948,055.86 | -10,411,197.24 | | Net Increase in Cash and Cash Equivalents | -68,103,470.49 | -115,236,159.02 | - Operating cash inflow primarily stemmed from **"Cash received from sales of goods and services"**, totaling **497 million Yuan**, a **46.88%** year-on-year increase[24](index=24&type=chunk)[25](index=25&type=chunk) - Cash outflow from investing activities was mainly **"Cash paid for investments"**, amounting to **795 million Yuan**, a **70.97%** year-on-year increase[25](index=25&type=chunk) - Cash inflow from financing activities was primarily **"Cash received from borrowings"**, totaling **229 million Yuan**, compared to **0 Yuan** in the prior year[25](index=25&type=chunk)

[I. Key Financial Data](index=1&type=section&id=I.%20Key%20Financial%20Data) [1.1 Financial Performance Summary](index=1&type=section&id=1.1%20Financial%20Performance%20Summary) The company demonstrated strong financial growth in Q3 and the first three quarters of 2021, with significant increases in revenue, net profit, total assets, and shareholder equity driven by a non-public share issuance Key Financial Indicators for Q3 and First Three Quarters of 2021 | Indicator | Current Period (Q3) (RMB million) | YoY Growth (%) | Year-to-Date (YTD) (RMB million) | YoY Growth (%) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 342 | 66.42% | 693 | 31.44% | | Net Profit Attributable to Listed Company Shareholders | 134 | 74.68% | 226 | 39.98% | | Net Profit Attributable to Parent Company After Non-recurring Items | 109 | 140.99% | 174 | 54.53% | | Basic Earnings Per Share (RMB/share) | 0.65 | 63.99% | 1.12 | 34.13% | | **Balance Sheet Indicators** | **End of Current Period (RMB billion)** | **Growth vs. End of Previous Year (%)** | | | | Total Assets | 3.009 | 51.55% | | | | Total Equity Attributable to Listed Company Shareholders | 2.398 | 57.39% | | | [1.2 Analysis of Non-recurring Gains and Losses](index=2&type=section&id=1.2%20Analysis%20of%20Non-recurring%20Gains%20and%20Losses) Significant non-recurring gains and losses, totaling **51.68 million RMB** year-to-date, primarily stemmed from government grants and fair value changes in financial assets Major Non-recurring Gains and Losses Items Year-to-Date | Item | Amount (RMB) | | :--- | :--- | | Government Grants Included in Current Profit/Loss | 56,100,352.64 | | Gains/Losses from Financial Assets Held for Trading | 12,521,741.44 | | Gains/Losses from Entrusted Investments or Asset Management | 4,254,799.78 | | **Total** | **51,675,075.43** | [1.3 Changes and Reasons for Key Financial Indicators](index=3&type=section&id=1.3%20Changes%20and%20Reasons%20for%20Key%20Financial%20Indicators) Growth in operating revenue and net profit was driven by increased operational robot business, while total assets and shareholder equity rose significantly due to non-public share issuance proceeds - Operating revenue and net profit growth: Primarily due to a significant increase in recognized operational robot revenue during the reporting period compared to the same period last year[10](index=10&type=chunk) - Total assets and shareholder equity growth: Primarily due to the proceeds from the company's non-public share issuance and increased net profit in the first three quarters[11](index=11&type=chunk) [II. Shareholder Information](index=4&type=section&id=II.%20Shareholder%20Information) [2.1 Overview of Shareholder Structure](index=4&type=section&id=2.1%20Overview%20of%20Shareholder%20Structure) As of the reporting period, the company had **8,355** common shareholders, with a concentrated equity structure where the largest shareholder, Zhu Fuyun (**29.67%**), has related party relationships and some major shareholders have pledged shares - As of the end of the reporting period, the company had a total of **8,355** common shareholders[13](index=13&type=chunk) Top Ten Shareholders' Shareholding Status | Shareholder Name | Shareholding Percentage (%) | Share Status | | :--- | :--- | :--- | | Zhu Fuyun | 29.67 | Pledged | | Nanjing Ruibei Investment Management Center (Limited Partnership) | 14.34 | Pledged | | Nanjing Shijie Enterprise Management Consulting Partnership (Limited Partnership) | 5.41 | Pledged | | Zhang Jing | 5.31 | Unpledged | | Xu Chunshan | 4.37 | Pledged | - Explanation of Shareholder Related Party Relationships: Nanjing Ruibei Investment Management Center (Limited Partnership) is an entity actually controlled by Zhu Fuyun, and Zhang Jing is a party acting in concert with Zhu Fuyun[14](index=14&type=chunk) [III. Other Reminders](index=6&type=section&id=III.%20Other%20Reminders) [3.1 Other Important Information](index=6&type=section&id=3.1%20Other%20Important%20Information) The company reported no other significant operational information requiring special investor attention during the period - The company had no other important operational information requiring special investor attention during this reporting period[16](index=16&type=chunk) [IV. Quarterly Financial Statements](index=6&type=section&id=IV.%20Quarterly%20Financial%20Statements) [4.1 Consolidated Balance Sheet](index=6&type=section&id=4.1%20Consolidated%20Balance%20Sheet) As of September 30, 2021, total assets reached **3.009 billion RMB** (**+51.55%**), with current assets at **76%** and total equity attributable to the parent company at **2.398 billion RMB** (**+57.39%**), driven by share issuance and profit accumulation Key Items from Consolidated Balance Sheet (September 30, 2021) | Item | Amount (RMB) | Change vs. End of Previous Year | | :--- | :--- | :--- | | **Assets** | | | | Cash and Cash Equivalents | 170,359,429.52 | -48.72% | | Financial Assets Held for Trading | 837,636,043.19 | +391.47% | | Accounts Receivable | 702,929,090.45 | +111.38% | | Inventories | 256,313,053.52 | +38.84% | | **Total Assets** | **3,009,301,051.61** | **+51.55%** | | **Liabilities** | | | | Notes Payable | 131,922,706.50 | +4460.00% | | Accounts Payable | 170,493,995.36 | +19.87% | | **Total Liabilities** | **580,147,300.59** | **+29.44%** | | **Owners' Equity** | | | | Total Equity Attributable to Owners of the Parent Company | 2,397,534,179.59 | +57.39% | | **Total Liabilities and Owners' Equity** | **3,009,301,051.61** | **+51.55%** | [4.2 Consolidated Income Statement](index=9&type=section&id=4.2%20Consolidated%20Income%20Statement) For the first three quarters of 2021, total operating revenue reached **693 million RMB** (**+31.44%**), with net profit attributable to the parent company at **226 million RMB** (**+39.98%**), alongside a significant **112.7%** increase in R&D expenses Key Items from Consolidated Income Statement (First Three Quarters of 2021) | Item | Amount (RMB) | Year-on-Year Change | | :--- | :--- | :--- | | Total Operating Revenue | 692,744,290.52 | +31.44% | | Operating Cost | 253,290,862.78 | +17.23% | | R&D Expenses | 125,268,891.67 | +112.70% | | Operating Profit | 209,728,939.46 | +41.91% | | Total Profit | 256,457,854.12 | +29.26% | | Net Profit Attributable to Shareholders of the Parent Company | 226,009,985.54 | +39.98% | [4.3 Consolidated Cash Flow Statement](index=10&type=section&id=4.3%20Consolidated%20Cash%20Flow%20Statement) For the first three quarters of 2021, operating activities showed a net cash outflow of **19.67 million RMB**, investing activities a net outflow of **899 million RMB**, and financing activities a net inflow of **754 million RMB** from share issuance, resulting in a **166 million RMB** net decrease in cash Consolidated Cash Flow Statement Summary (First Three Quarters of 2021) | Item | Amount (RMB) | | :--- | :--- | | Net Cash Flow from Operating Activities | -19,668,682.60 | | Net Cash Flow from Investing Activities | -899,307,082.99 | | Net Cash Flow from Financing Activities | 753,538,673.69 | | Net Increase in Cash and Cash Equivalents | -165,723,733.59 | - Cash inflow from financing activities primarily came from cash received from investments totaling **717 million RMB**, reflecting the proceeds from the non-public share issuance[25](index=25&type=chunk) [4.4 Explanation of Changes in Accounting Policies](index=12&type=section&id=4.4%20Explanation%20of%20Changes%20in%20Accounting%20Policies) Effective January 1, 2021, the company adopted new lease standards, retrospectively adjusting financial statements to recognize **27.03 million RMB** in right-of-use assets and corresponding lease liabilities - The company first adopted the new lease standards on January 1, 2021, and adjusted its financial statements at the beginning of the year, recognizing right-of-use assets and lease liabilities, with an adjustment amount of **27,027,334.01 RMB**[28](index=28&type=chunk)[30](index=30&type=chunk)

2021 年半年度报告 重要提示 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 2021 年半年度报告 公司代码：603666 公司简称：亿嘉和 亿嘉和科技股份有限公司 Yijiahe Technology Co., Ltd. 2021 年半年度报告 1 / 172 无 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者的实质承诺，敬请 投资者注意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 十、 重大风险提示 公司已在报告中详细阐述生产经营过程中可能面临的各种风险，详见第三节"管理层讨论与 分析"之可能面对的风险。 十一、 其他 □适用 √不适用 2 / 172 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年 ...

Important Notice [Board Statement](index=3&type=section&id=1.1%20Board%20Statement) The company's board, supervisory board, and senior management ensure the truthfulness, accuracy, and completeness of this quarterly report, which was reviewed by all directors but not audited - The company's board, supervisory board, and senior management guarantee the quarterly report's content is true, accurate, and complete, with no false statements, misleading representations, or major omissions[10](index=10&type=chunk) - This company's Q1 2021 report is unaudited[8](index=8&type=chunk) Company Basic Information [Key Financial Data](index=3&type=section&id=2.1%20Key%20Financial%20Data) In Q1 2021, the company achieved significant performance growth with operating revenue up 32.56% to $191.10 million and net profit attributable to shareholders up 66.30% to $57.57 million, driven by indoor wheeled inspection robot business and increased cash from discounted bank acceptance bills | Indicator | End of Current Period / Current Period | End of Prior Year / Prior Year Period | Change (%) | | :--- | :--- | :--- | :--- | | **Total Assets ($)** | 1,962,022,360.58 | 1,985,634,244.57 | -1.19 | | **Net Assets Attributable to Shareholders ($)** | 1,588,705,182.04 | 1,523,310,740.23 | 4.29 | | **Operating Revenue ($)** | 191,098,930.95 | 144,158,740.09 | 32.56 | | **Net Profit Attributable to Shareholders ($)** | 57,567,248.88 | 34,616,282.81 | 66.30 | | **Net Profit Attributable to Shareholders (Non-recurring) ($)** | 36,949,538.40 | 30,214,102.02 | 22.29 | | **Net Cash Flow from Operating Activities ($)** | 158,032,955.66 | 20,456,528.02 | 672.53 | | **Basic Earnings Per Share ($/share)** | 0.4152 | 0.2497 | 66.28 | - Operating revenue growth was primarily due to an increase in indoor wheeled inspection robot business during the reporting period[9](index=9&type=chunk) - Net cash flow from operating activities significantly increased, mainly due to increased cash collection from sales by discounting bank acceptance bills with banks during the reporting period[11](index=11&type=chunk) - Total non-recurring gains and losses for the period amounted to **$20.62 million**, primarily consisting of government subsidies recognized in current profit of **$31.69 million**[12](index=12&type=chunk) [Total Shareholders, Top Ten Shareholders, and Top Ten Circulating Shareholders at Period-End](index=5&type=section&id=2.2%20Total%20Shareholders%2C%20Top%20Ten%20Shareholders%2C%20and%20Top%20Ten%20Circulating%20Shareholders%20at%20Period-End) As of the end of the reporting period, the company had 8,305 shareholders, with the largest shareholder Zhu Fuyun holding 31.60% and some top ten shareholders having pledged shares - At the end of the reporting period, the company had **8,305 shareholders**[14](index=14&type=chunk) | Shareholder Name | Shares Held (10k shares) | Shareholding Ratio (%) | Share Status | | :--- | :--- | :--- | :--- | | Zhu Fuyun | 4,380.60 | 31.60 | Pledged | | Nanjing Ruibei Investment Management Center (Limited Partnership) | 2,116.80 | 15.27 | Pledged | | Nanjing Shijie Investment Management Center (Limited Partnership) | 882.00 | 6.36 | Pledged | | Zhang Jing | 784.00 | 5.65 | Unpledged | | Xu Chunshan | 646.80 | 4.67 | Pledged | - Related party explanation: Nanjing Ruibei Investment Management Center (Limited Partnership) is an enterprise actually controlled by Zhu Fuyun; Zhang Jing is an acting-in-concert party with Zhu Fuyun[14](index=14&type=chunk) Significant Matters [Analysis of Significant Changes in Key Financial Statement Items and Indicators](index=6&type=section&id=3.1%20Analysis%20of%20Significant%20Changes%20in%20Key%20Financial%20Statement%20Items%20and%20Indicators) During this reporting period, several financial statement items showed significant changes, including increased transactional financial assets, surging notes payable, substantial growth in R&D expenses and investment income, and improved operating cash flow due to optimized sales collection methods [Balance Sheet Item Change Analysis](index=6&type=section&id=3.1.1%20Balance%20Sheet%20Item%20Change%20Analysis) The balance sheet shows transactional financial assets increased by 121.28% due to structured deposit purchases, while notes receivable and accounts receivable financing decreased significantly due to discounting bank acceptance bills, and notes payable surged by 833.56% from increased bill settlement | Item | Change (%) | Reason | | :--- | :--- | :--- | | Transactional Financial Assets | 121.28 | Increased purchase of structured deposits during the reporting period | | Notes Receivable | -90.59 | Due to discounting bank acceptance bills with banks during the reporting period | | Accounts Receivable Financing | -98.27 | Due to discounting bank acceptance bills with banks during the reporting period | | Long-term Equity Investments | 76.73 | Increased investment income from associates during the reporting period | | Notes Payable | 833.56 | Increased use of bill settlement for goods during the reporting period | | Employee Compensation Payable | -62.44 | Year-end bonuses accrued last year were paid during the reporting period | [Income Statement Item Change Analysis](index=7&type=section&id=3.1.2%20Income%20Statement%20Item%20Change%20Analysis) The income statement shows operating revenue increased by 32.56% driven by indoor wheeled inspection robot business, R&D expenses surged by 189.46%, financial expenses grew by 175.89% due to bill discounting interest, investment income spiked by 1,246.29% from associates, and non-operating income rose by 1,039.18% from government subsidies | Item | Change (%) | Reason | | :--- | :--- | :--- | | Operating Revenue | 32.56 | Due to increased indoor wheeled inspection robot business during the reporting period | | R&D Expenses | 189.46 | Due to increased R&D investment during the reporting period | | Financial Expenses | 175.89 | Increased interest expenses from bank acceptance bill discounting | | Other Income | 128.31 | Increased VAT refunds received | | Investment Income | 1,246.29 | Increased investment income from associates | | Non-operating Income | 1,039.18 | Increased government subsidies received | [Cash Flow Statement Item Change Analysis](index=8&type=section&id=3.1.3%20Cash%20Flow%20Statement%20Item%20Change%20Analysis) The cash flow statement shows cash received from sales of goods and services increased by 72.28% due to discounting bank acceptance bills, while tax refunds and other operating cash (primarily government subsidies) also significantly increased, collectively driving a substantial improvement in operating cash flow | Item | Change (%) | Reason | | :--- | :--- | :--- | | Cash received from sales of goods and services | 72.28 | Increased cash collection from sales by discounting bank acceptance bills with banks | | Tax refunds received | 117.54 | Increased VAT refunds received | | Other cash received related to operating activities | 642.06 | Increased government subsidies received | [Progress of Significant Matters, Their Impact and Solutions](index=8&type=section&id=3.2%20Progress%20of%20Significant%20Matters%2C%20Their%20Impact%20and%20Solutions) The company successfully completed a non-public offering of A-shares, issuing 9,130,922 shares to 18 subscribers in March 2021, raising a total of $707.74 million with net proceeds of $697.47 million, and the new shares were registered on April 13, 2021 - The company's application for a non-public offering of A-shares was approved by the China Securities Regulatory Commission on December 28, 2020, and received official approval on January 14, 2021[24](index=24&type=chunk) - In March 2021, the company completed its non-public offering, issuing **9,130,922 shares** to **18 subscribers** at **$77.51 per share**, raising a total of **$707,737,764.22**, with net proceeds of **$697,465,587.66**[25](index=25&type=chunk) - The newly issued shares from this non-public offering were registered with China Securities Depository and Clearing Corporation Limited Shanghai Branch on April 13, 2021[25](index=25&type=chunk) Appendix [Financial Statements](index=10&type=section&id=4.1%20Financial%20Statements) This appendix contains the company's unaudited consolidated and parent company financial statements as of March 31, 2021, including the balance sheet, income statement, and cash flow statement - The appendix provides unaudited consolidated and parent company financial statements for Q1 2021, including the balance sheet, income statement, and cash flow statement[28](index=28&type=chunk)[32](index=32&type=chunk)[36](index=36&type=chunk)[40](index=40&type=chunk)[42](index=42&type=chunk)[46](index=46&type=chunk) [Consolidated Balance Sheet](index=10&type=section&id=4.1.1%20Consolidated%20Balance%20Sheet) As of March 31, 2021, the company's consolidated total assets were $1.962 billion, a slight decrease of 1.19% from the end of last year, while total liabilities were $353.01 million, and total equity attributable to parent company owners was $1.589 billion | Item | March 31, 2021 ($) | December 31, 2020 ($) | | :--- | :--- | :--- | | Total Assets | 1,962,022,360.58 | 1,985,634,244.57 | | Total Liabilities | 353,005,804.21 | 448,207,424.62 | | Total Equity Attributable to Parent Company Owners | 1,588,705,182.04 | 1,523,310,740.23 | | Total Liabilities and Owners' Equity | 1,962,022,360.58 | 1,985,634,244.57 | [Consolidated Income Statement](index=14&type=section&id=4.1.2%20Consolidated%20Income%20Statement) In Q1 2021, the company achieved total operating revenue of $191.10 million, a year-on-year increase of 32.56%, with operating profit at $42.20 million and net profit attributable to parent company shareholders at $57.57 million, resulting in basic earnings per share of $0.4152 | Item | Q1 2021 ($) | Q1 2020 ($) | | :--- | :--- | :--- | | Total Operating Revenue | 191,098,930.95 | 144,158,740.09 | | Operating Profit | 42,195,862.94 | 36,376,420.09 | | Total Profit | 71,974,542.32 | 38,962,282.14 | | Net Profit | 63,762,543.49 | 34,616,282.81 | | Net Profit Attributable to Parent Company Shareholders | 57,567,248.88 | 34,616,282.81 | | Basic Earnings Per Share ($/share) | 0.4152 | 0.2497 | [Consolidated Cash Flow Statement](index=17&type=section&id=4.1.3%20Consolidated%20Cash%20Flow%20Statement) In Q1 2021, net cash flow from operating activities was $158.03 million, a significant increase from the prior year, while net cash flow from investing activities showed increased outflows at -$262.82 million, and cash and cash equivalents at period-end were $211.55 million | Item | Q1 2021 ($) | Q1 2020 ($) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 158,032,955.66 | 20,456,528.02 | | Net Cash Flow from Investing Activities | -262,824,401.48 | -183,255,763.97 | | Net Cash Flow from Financing Activities | -10,411,197.24 | 98,671,111.12 | | Net Increase in Cash and Cash Equivalents | -115,236,159.02 | -64,021,972.04 | | Cash and Cash Equivalents at Period-End | 211,549,403.15 | 179,480,234.52 |

致股东的一封信 尊敬的各位股东： 感谢大家一直以来对亿嘉和以及公司管理层的信任！感谢您选择与亿 嘉和一路前行！ 现代科技日新月异，人工智能快速迭代，行业竞争愈演愈烈，这些犹 如悬在亿嘉和脖颈上的达摩克利斯之剑。2020 年，突如其来的疫情，复 杂的全球供应链状况，更是让人警醒！我们时常反思，如何有效应对新常 态、新经济下的变革？如何具备化危为机的能力？如何实现亿嘉和走向世 界一流的目标？ 过去的一年，亿嘉和全体员工努力拼博、共克时艰，"以客户为中心" 的理念始终如一。因为我们坚信只有真正具备为客户创造价值的能力，才 能经得住市场的考验。 我们用匠心专注主业、用技术成就品牌、用服务提升价值，围绕着核 心竞争力建设，完成了新一轮的产品战略向公司战略升级。当年实现营业 收入 10.06 亿元，连续两年同比增长达 38%以上，实现归属于上市公司股 东的净利润 3.36 亿元，同比增长 31.35%。截至 2020 年底，公司总资产 达人民币 19.86 亿元，同比增长 27.70%。 顺境中有危险、逆境中有机遇，保持迎难而上的信心与勇气，使我们 拥有源源不断的驱动力。"寄蜉蝣于天地，渺沧海之一粟"！人工智能正在 颠覆 ...

[Important Notes](index=3&type=section&id=%E4%B8%80%E3%80%81%20%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) [Report Authenticity and Audit Status](index=3&type=section&id=1.1%20%E6%8A%A5%E5%91%8A%E7%9C%9F%E5%AE%9E%E6%80%A7%E4%B8%8E%E5%AE%A1%E8%AE%A1%E6%83%85%E5%86%B5) The management guarantees the authenticity and completeness of this quarterly report and confirms the financial statements are unaudited - The Board of Directors, Board of Supervisors, and all directors, supervisors, and senior management guarantee the quarterly report is **true, accurate, and complete**, with no false records, misleading statements, or major omissions[6](index=6&type=chunk) - The company's third-quarter report for 2020 is **unaudited**[6](index=6&type=chunk) [Company Profile](index=3&type=section&id=%E4%BA%8C%E3%80%81%20%E5%85%AC%E5%8F%B8%E5%9F%BA%E6%9C%AC%E6%83%85%E5%86%B5) [Key Financial Data](index=3&type=section&id=2.1%20%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE) The company achieved steady growth in the first three quarters of 2020, though operating cash flow remained negative but improved Key Financial Indicators for the First Three Quarters of 2020 | Indicator | YTD (Jan-Sep) | Prior YTD (Jan-Sep) | YoY Change (%) | | :--- | :--- | :--- | :--- | | **Revenue** | RMB 527,028,433.83 | RMB 369,865,303.65 | 42.49% | | **Net Profit Attributable to Shareholders** | RMB 161,456,484.06 | RMB 124,066,351.82 | 30.14% | | **Net Profit Attributable to Shareholders (Excl. Non-recurring Items)** | RMB 112,812,749.96 | RMB 94,744,602.76 | 19.07% | | **Net Cash Flow from Operating Activities** | RMB -22,141,060.59 | RMB -44,126,467.24 | -49.82% (Improvement) | | **Basic Earnings Per Share (RMB/Share)** | 1.1729 | 0.9012 | 30.15% | | **Weighted Average Return on Equity (%)** | 12.67% | 11.85% | Increased by 0.82 p.p. | - In the first three quarters of 2020, total non-recurring gains and losses amounted to **RMB 48.64 million**, primarily consisting of **RMB 51.11 million in government subsidies**[9](index=9&type=chunk)[10](index=10&type=chunk) - The company acquired a 51% stake in Nanjing Tuodao Medical Technology Co, Ltd in August 2020, which has been included in the consolidated financial statements[8](index=8&type=chunk) [Shareholder Information](index=5&type=section&id=2.2%20%E8%82%A1%E4%B8%9C%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5) The company had 8,396 shareholders, with the controlling shareholder holding 31.60%, and some major shareholders have pledged shares - As of the end of the reporting period, the total number of common shareholders was **8,396**[12](index=12&type=chunk) Top Ten Shareholders | Shareholder Name | Shareholding (million shares) | Percentage (%) | Pledge Status | | :--- | :--- | :--- | :--- | | Zhu Fuyun | 43.81 | 31.60 | None | | Nanjing Ruibei Investment Management Center (LP) | 21.17 | 15.27 | None | | Nanjing Shijie Investment Management Center (LP) | 8.82 | 6.36 | Pledged 3.36 million shares | | Zhang Jing | 7.84 | 5.65 | None | | Xu Chunshan | 6.47 | 4.67 | Pledged 0.86 million shares | | Lan Xinli | 6.47 | 4.67 | Pledged 0.86 million shares | - Shareholder relationship disclosure: Nanjing Ruibei Investment Management Center (LP) is controlled by **Zhu Fuyun**, and Zhang Jing is a **person acting in concert** with Zhu Fuyun[13](index=13&type=chunk) [Significant Matters](index=6&type=section&id=%E4%B8%89%E3%80%81%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) [Analysis of Significant Changes in Key Financial Statement Items and Indicators](index=6&type=section&id=3.1%20%E5%85%AC%E5%8F%B8%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%8A%A5%E8%A1%A8%E9%A1%B9%E7%9B%AE%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87%E9%87%8D%E5%A4%A7%E5%8F%98%E5%8A%A8%E7%9A%84%E6%83%85%E5%86%B5%E5%8F%8A%E5%8E%9F%E5%9B%A0) Significant financial changes were driven by business growth, investment projects, new borrowings, and accounting standard adoption Major Changes in Balance Sheet Items (2020-09-30 vs 2019-12-31) | Item | Change (%) | Reason for Change | | :--- | :--- | :--- | | Accounts Receivable | 175.77% | Increase in accounts receivable corresponding to revenue growth | | Construction in Progress | 231.78% | Increased spending on fundraising investment projects | | Notes Receivable | -93.78% | Decrease in commercial acceptance bills received from sales collections | | Short-term Borrowings | N/A | New short-term bank loans | | Notes Payable | 1,396.70% | Increased use of bank acceptance bills to pay for goods | | Advances from Customers | -100.00% | Reclassified to contract liabilities upon adoption of new revenue standard | Major Changes in Income Statement Items (Jan-Sep 2020 vs Jan-Sep 2019) | Item | Change (%) | Reason for Change | | :--- | :--- | :--- | | Revenue | 42.49% | Significant business growth compared to the same period last year | | Cost of Goods Sold | 65.10% | Increased in line with revenue growth | | R&D Expenses | 49.27% | Increased R&D investment to enhance competitiveness | | Finance Costs | -127.65% | Increase in interest from bill discounting and borrowings | | Non-operating Income | 140.09% | Increase in government subsidies received | Major Changes in Cash Flow Statement Items (Jan-Sep 2020 vs Jan-Sep 2019) | Item | Change (%) | Reason for Change | | :--- | :--- | :--- | | Cash Paid for Fixed & Intangible Assets | 215.23% | Increased spending on fundraising investment projects | | Cash Received from Borrowings | N/A | Received short-term bank loans | | Cash Received from Investments | -99.48% | Primarily due to investment payments from minority shareholders for a subsidiary merged under common control | [Progress of Significant Matters](index=9&type=section&id=3.2%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9%E8%BF%9B%E5%B1%95%E6%83%85%E5%86%B5%E5%8F%8A%E5%85%B6%E5%BD%B1%E5%93%8D%E5%92%8C%E8%A7%A3%E5%86%B3%E6%96%B9%E6%A1%88%E7%9A%84%E5%88%86%E6%9E%90%E8%AF%B4%E6%98%8E) The company is advancing a non-public A-share offering and has completed the acquisition of Nanjing Tuodao Medical Technology - The company's application for a non-public offering of A-shares was **accepted by the CSRC** on October 30, 2020, but final approval remains uncertain[17](index=17&type=chunk)[18](index=18&type=chunk) - The company acquired a **51% stake** in Nanjing Tuodao Medical Technology Co, Ltd for **RMB 0** in August 2020, which is now a consolidated subsidiary[18](index=18&type=chunk)[19](index=19&type=chunk) [Appendix](index=11&type=section&id=%E5%9B%9B%E3%80%81%20%E9%99%84%E5%BD%95) [Financial Statements](index=11&type=section&id=4.1%20%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This appendix contains the unaudited consolidated and parent company financial statements as of September 30, 2020 [Consolidated Balance Sheet](index=11&type=section&id=%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) Total assets reached RMB 1.76 billion, up 13.47% YTD, driven by accounts receivable and construction in progress Key Items of Consolidated Balance Sheet (2020-09-30) | Item | Amount (RMB) | Change from Year-End | | :--- | :--- | :--- | | **Total Assets** | 1,764,444,422.57 | 13.47% | | Total Current Assets | 1,311,546,287.14 | 1.12% | | Total Non-current Assets | 452,898,135.43 | 75.57% | | **Total Liabilities** | 411,845,191.93 | 16.90% | | **Equity Attributable to Parent** | 1,349,771,498.07 | 12.23% | [Parent Company Balance Sheet](index=13&type=section&id=%E6%AF%8D%E5%85%AC%E5%8F%B8%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) The parent company's total assets were RMB 1.77 billion, reflecting significant growth in construction in progress and long-term investments Key Items of Parent Company Balance Sheet (2020-09-30) | Item | Amount (RMB) | Change from Year-End | | :--- | :--- | :--- | | **Total Assets** | 1,774,143,849.01 | 16.0% | | **Total Liabilities** | 381,204,636.82 | 20.3% | | **Total Equity** | 1,392,939,212.19 | 14.8% | [Consolidated Income Statement](index=15&type=section&id=%E5%90%88%E5%B9%B6%E5%88%A9%E6%B6%A6%E8%A1%A8) The company achieved revenue of RMB 527 million (+42.49% YoY) and net profit of RMB 161 million (+30.14% YoY) in the first three quarters Key Items of Consolidated Income Statement (Jan-Sep 2020) | Item | Q1-Q3 2020 (RMB) | Q1-Q3 2019 (RMB) | YoY Change | | :--- | :--- | :--- | :--- | | **Total Revenue** | 527,028,433.83 | 369,865,303.65 | +42.49% | | **Total Cost of Sales** | 393,029,269.78 | 257,630,047.16 | +52.55% | | **Operating Profit** | 147,785,783.33 | 124,802,467.51 | +18.42% | | **Profit Before Tax** | 198,398,458.24 | 145,667,263.10 | +36.20% | | **Net Profit** | 164,262,267.43 | 124,066,351.82 | +32.40% | | **Net Profit Attributable to Parent** | 161,456,484.06 | 124,066,351.82 | +30.14% | [Parent Company Income Statement](index=18&type=section&id=%E6%AF%8D%E5%85%AC%E5%8F%B8%E5%88%A9%E6%B6%A6%E8%A1%A8) The parent company's revenue and net profit exceeded consolidated figures, indicating it is the primary profit contributor Key Items of Parent Company Income Statement (Jan-Sep 2020) | Item | Q1-Q3 2020 (RMB) | Q1-Q3 2019 (RMB) | YoY Change | | :--- | :--- | :--- | :--- | | **Revenue** | 537,471,872.07 | 369,865,303.65 | +45.32% | | **Operating Profit** | 186,653,915.41 | 132,876,775.12 | +40.47% | | **Net Profit** | 194,301,762.09 | 132,120,920.99 | +47.06% | [Consolidated Cash Flow Statement](index=21&type=section&id=%E5%90%88%E5%B9%B6%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) Operating cash flow was negative RMB 22.14 million but improved significantly YoY, while financing activities were positive due to new loans Summary of Consolidated Cash Flow Statement (Jan-Sep 2020) | Item | Amount (RMB) | | :--- | :--- | | Net Cash Flow from Operating Activities | -22,141,060.59 | | Net Cash Flow from Investing Activities | -30,682,787.30 | | Net Cash Flow from Financing Activities | 21,463,020.48 | | **Net Increase in Cash & Cash Equivalents** | **-31,646,114.54** | [Parent Company Cash Flow Statement](index=22&type=section&id=%E6%AF%8D%E5%85%AC%E5%8F%B8%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) The parent company generated positive operating cash flow, but large investment outflows resulted in a net decrease in cash Summary of Parent Company Cash Flow Statement (Jan-Sep 2020) | Item | Amount (RMB) | | :--- | :--- | | Net Cash Flow from Operating Activities | 10,895,979.17 | | Net Cash Flow from Investing Activities | -89,025,699.27 | | Net Cash Flow from Financing Activities | 24,012,798.24 | | **Net Increase in Cash & Cash Equivalents** | **-54,116,921.86** | [Explanation of Adjustments for Accounting Standard Changes](index=23&type=section&id=4.2%202020%20%E5%B9%B4%E8%B5%B7%E9%A6%96%E6%AC%A1%E6%89%A7%E8%A1%8C%E6%96%B0%E6%94%B6%E5%85%A5%E5%87%86%E5%88%99%E3%80%81%E6%96%B0%E7%A7%9F%E8%B5%81%E5%87%86%E5%88%99%E8%B0%83%E6%95%B4%E9%A6%96%E6%AC%A1%E6%89%A7%E8%A1%8C%E5%BD%93%E5%B9%B4%E5%B9%B4%E5%88%9D%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E7%B3%BB%E5%88%97%E6%83%85%E5%86%B5) The company adopted the new revenue standard, reclassifying "advances from customers" to "contract liabilities" with no impact on equity - The company has implemented the **new revenue standard** since January 1, 2020[44](index=44&type=chunk)[49](index=49&type=chunk) Adjustments for New Revenue Standard (Consolidated Statement) | Item | Pre-adjustment (2019-12-31) | Post-adjustment (2020-01-01) | Adjustment Amount | | :--- | :--- | :--- | :--- | | Advances from Customers | RMB 33,707,213.16 | 0 | RMB -33,707,213.16 | | Contract Liabilities | 0 | RMB 33,707,213.16 | RMB +33,707,213.16 |

2020 年半年度报告 公司代码：603666 公司简称：亿嘉和 亿嘉和科技股份有限公司 Yijiahe Technology Co., Ltd. 2020 年半年度报告 1 / 165 2020 年半年度报告 重要提示 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 无 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者的实质承诺，敬请 投资者注意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 九、 重大风险提示 公司已在报告中详细阐述生产经营过程中可能面临的各种风险，详见第四节"经营情况的讨 论与分析"之可能面对的风险。 十、 其他 □适用 √不适用 2 / 165 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人姜杰、主管会计工作负责人王立杰及会计机构负责人（会计 ...

[Important Notice](index=3&type=section&id=Important%20Notice) The board, supervisory board, and senior management guarantee the report's truthfulness, accuracy, and completeness, confirming it is unaudited - The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report content, with no false records, misleading statements, or major omissions, and bear individual and joint legal liabilities[9](index=9&type=chunk) - All directors attended the board meeting to review the quarterly report[9](index=9&type=chunk) - This company's first quarterly report is unaudited[9](index=9&type=chunk) [Company Profile](index=3&type=section&id=Company%20Profile) This section details the company's key financial data, non-recurring gains/losses, and shareholder information at the reporting period end [Key Financial Data](index=3&type=section&id=Key%20Financial%20Data) Company assets and net assets grew, operating cash flow turned positive, revenue increased, but net profit slightly declined due to non-recurring items Main Financial Data Overview | Indicator | End of Current Reporting Period/Year-to-date | End of Previous Year/Year-to-date Previous Year | Change (%) | | :--- | :--- | :--- | :--- | | **Balance Sheet** | | | | | Total Assets | 1,593,838,750.04 CNY | 1,554,914,779.32 CNY | 2.50 | | Net Assets Attributable to Shareholders | 1,248,826,613.00 CNY | 1,202,681,278.73 CNY | 3.84 | | **Cash Flow Statement** | | | | | Net Cash Flow from Operating Activities | 20,456,528.02 CNY | -43,922,744.18 CNY | 146.57 | | **Income Statement** | | | | | Operating Revenue | 144,158,740.09 CNY | 103,947,667.89 CNY | 38.68 | | Net Profit Attributable to Shareholders | 34,616,282.81 CNY | 35,529,538.90 CNY | -2.57 | | Net Profit Attributable to Shareholders (Excluding Non-recurring Gains/Losses) | 30,214,102.02 CNY | 27,263,786.06 CNY | 10.82 | | Weighted Average Return on Net Assets (%) | 2.84 | 3.54 | Decreased by 0.70 percentage points | | Basic Earnings Per Share (CNY/share) | 0.3496 | 0.3616 | -3.32 | Non-recurring Gains and Losses Items and Amounts | Item | Amount (CNY) | | :--- | :--- | | Government subsidies recognized in current profit/loss | 2,778,405.05 | | Gains/losses from entrusted investments or asset management | 581,230.92 | | Gains/losses from fair value changes and investment income from disposal of trading financial assets | 2,034,082.19 | | Other non-operating income and expenses apart from the above | -192,543.00 | | Impact on minority interests (after tax) | -798,994.37 | | **Total** | **4,402,180.79** | [Shareholding Information](index=4&type=section&id=Shareholding%20Information) The company had 6,053 shareholders, with key individuals and their affiliates holding significant restricted shares among the top ten - As of the end of the reporting period, the company had a total of **6,053 shareholders**[12](index=12&type=chunk) Top Ten Shareholders' Shareholding | Shareholder Name | Shares Held at Period End (10k shares) | Proportion (%) | Restricted Shares Held (10k shares) | Pledge or Freeze Status | Shareholder Nature | | :--- | :--- | :--- | :--- | :--- | :--- | | Zhu Fuyun | 3,129 | 31.60 | 3,129 | None | Domestic Natural Person | | Nanjing Ruibei Investment Management Center (Limited Partnership) | 1,512 | 15.27 | 1,512 | None | Other | | Nanjing Shijie Investment Management Center (Limited Partnership) | 630 | 6.36 | 630 | None | Other | | Zhang Jing | 560 | 5.65 | 560 | None | Domestic Natural Person | | Xu Chunshan | 462 | 4.67 | 462 | None | Domestic Natural Person | | Lan Xinli | 462 | 4.67 | 462 | None | Domestic Natural Person | | Jiangsu Huatai Strategic Emerging Industry Investment Fund (Limited Partnership) | 367.3191 | 3.71 | 0 | Unknown | Other | | National Social Security Fund 604 Portfolio | 198.6124 | 2.01 | 0 | Unknown | Unknown | | Industrial and Commercial Bank of China - E Fund Value Growth Mixed Securities Investment Fund | 149.2681 | 1.51 | 0 | Unknown | Unknown | | Caitong Securities Co., Ltd. | 102.7724 | 1.04 | 0 | Unknown | Other | - Nanjing Ruibei Investment Management Center (Limited Partnership) is an enterprise actually controlled by Zhu Fuyun, and Zhang Jing is a person acting in concert with Zhu Fuyun[14](index=14&type=chunk) [Preferred Shareholder Information](index=6&type=section&id=Preferred%20Shareholder%20Information) The company had no preferred shareholders at the end of the reporting period - The company has no preferred shareholders[14](index=14&type=chunk) [Significant Events](index=6&type=section&id=Significant%20Events) This chapter analyzes major changes in financial statement items and confirms no significant event progress, overdue commitments, or net profit warnings [Significant Changes and Reasons in Key Financial Statement Items and Indicators](index=6&type=section&id=Significant%20Changes%20and%20Reasons%20in%20Key%20Financial%20Statement%20Items%20and%20Indicators) Multiple balance sheet, income statement, and cash flow items experienced significant changes due to operational activities and accounting standard adjustments [Balance Sheet Item Changes](index=6&type=section&id=Balance%20Sheet%20Item%20Changes) Trading financial assets and development expenditures increased, while accounts receivable financing and advances from customers decreased due to reclassification and operations Balance Sheet Item Changes Overview | Item | March 31, 2020 (CNY) | December 31, 2019 (CNY) | Change (%) | Reason | | :--- | :--- | :--- | :--- | :--- | | Trading Financial Assets | 539,412,164.38 | 393,052,163.62 | 37.24 | Increase due to purchase of structured deposits | | Accounts Receivable Financing | 1,686,770.03 | 138,401,888.64 | -98.78 | Bank acceptance bill discounting | | Contract Assets | 46,180,263.96 | - | Not applicable | Reclassification of contract quality assurance deposits under new revenue standards | | Development Expenditures | 20,105,804.41 | 14,334,539.17 | 40.26 | Increase in capitalized R&D expenses | | Other Non-current Assets | 4,226,707.60 | 2,667,975.41 | 58.42 | Increase in payments made for assets not yet in intended use | | Notes Payable | 100,000,000.00 | 500,000.00 | 19,900.00 | Increase due to issuance of bank acceptance bills | | Advances from Customers | - | 33,707,213.16 | -100.00 | Reclassification to contract liabilities under new revenue standards | | Contract Liabilities | 33,428,684.06 | - | Not applicable | Reclassification of advance contract payments under new revenue standards | | Employee Compensation Payable | 19,715,675.21 | 44,244,806.40 | -55.44 | Payment of year-end bonuses accrued at previous year-end | | Taxes Payable | 8,266,121.76 | 44,048,799.29 | -81.23 | Payment of corporate income tax and VAT accrued at previous year-end | | Other Comprehensive Income | -13,229.97 | -3,973,070.16 | -99.67 | Due to bank acceptance bill discounting | [Income Statement Item Changes](index=7&type=section&id=Income%20Statement%20Item%20Changes) Operating revenue and costs significantly increased, while financial expenses rose due to bill discounting, and other income increased from tax refunds Income Statement Item Changes Overview | Item | Q1 2020 (CNY) | Q1 2019 (CNY) | Change (%) | Reason | | :--- | :--- | :--- | :--- | :--- | | Total Operating Revenue | 144,158,740.09 | 103,947,667.89 | 38.68 | Business revenue growth | | Operating Costs | 66,498,126.61 | 36,324,356.63 | 83.07 | Increased in line with revenue growth | | Taxes and Surcharges | 1,328,032.03 | 564,244.51 | 135.36 | Increased invoicing to customers, leading to higher related tax accruals | | Administrative Expenses | 20,100,466.27 | 12,987,991.57 | 54.76 | Increased expenses related to subsidiaries | | Financial Expenses | 1,620,161.83 | -2,384,379.25 | 167.95 | Increased expenses from bank acceptance bill discounting | | Other Income | 2,657,417.85 | - | Not applicable | Received VAT immediate refund | | Investment Income | 590,565.11 | 6,702,657.41 | -91.19 | Implementation of new financial instrument standards | | Fair Value Change Gains | 2,034,082.19 | - | Not applicable | Implementation of new financial instrument standards | | Credit Impairment Losses | -2,614,578.26 | -1,813,864.51 | 44.14 | Increase in accounts receivable | | Asset Disposal Gains | - | -20,814.01 | -100.00 | No asset disposals during the reporting period | | Non-operating Expenses | 200,000.00 | 75,000.00 | 166.67 | Increased external donations | | Net Other Comprehensive Income After Tax | 3,959,840.19 | - | Not applicable | Implementation of new financial instrument standards | [Cash Flow Statement Item Changes](index=8&type=section&id=Cash%20Flow%20Statement%20Item%20Changes) Operating cash flow turned positive, sales-related cash increased, and investing activities saw higher capital expenditures for projects Cash Flow Statement Item Changes Overview | Item | Q1 2020 (CNY) | Q1 2019 (CNY) | Change (%) | Reason | | :--- | :--- | :--- | :--- | :--- | | Cash Received from Sales of Goods and Provision of Services | 196,564,385.09 | 90,835,108.87 | 116.40 | Increase due to bank acceptance bill discounting | | Tax Refunds Received | 2,657,417.85 | - | Not applicable | Received VAT immediate refund | | Other Cash Received Related to Operating Activities | 4,615,374.82 | 13,774,319.45 | -66.49 | Decrease in government subsidies | | Cash Paid to and for Employees | 51,267,725.10 | 32,460,600.40 | 57.94 | Payment of year-end bonuses accrued at previous year-end | | Taxes Paid | 40,251,450.86 | 21,547,524.31 | 86.80 | Payment of corporate income tax and VAT accrued at previous year-end | | Cash Received from Investment Recovery | 290,000,000.00 | 522,000,000.00 | -44.44 | Decrease in structured deposits recovered | | Cash Received from Investment Income | 3,264,646.54 | 6,702,657.41 | -51.29 | Decrease in structured deposits recovered | | Cash Paid for Construction of Fixed Assets, Intangible Assets, and Other Long-term Assets | 39,520,410.51 | 4,853,959.12 | 714.19 | Increase in payments for fundraising projects | | Cash Received from Borrowings | 98,671,111.12 | - | Not applicable | Obtained bank loans | [Progress of Significant Events](index=8&type=section&id=Progress%20of%20Significant%20Events) No significant event developments requiring disclosure occurred during the reporting period - No analysis or explanation of the progress, impact, and solutions of significant events during the reporting period[20](index=20&type=chunk) [Overdue Unfulfilled Commitments](index=9&type=section&id=Overdue%20Unfulfilled%20Commitments) The company had no overdue unfulfilled commitments during the reporting period - No overdue unfulfilled commitments during the reporting period[21](index=21&type=chunk) [Warning of Significant Net Profit Changes](index=9&type=section&id=Warning%20of%20Significant%20Net%20Profit%20Changes) The company did not issue a warning for potential cumulative net profit loss or significant change for the next reporting period - The company did not forecast a potential loss in cumulative net profit from the beginning of the year to the end of the next reporting period, or a significant change compared to the same period last year[21](index=21&type=chunk) [Appendix](index=9&type=section&id=Appendix) This section includes unaudited consolidated and parent company financial statements and details adjustments for the first adoption of new revenue standards [Financial Statements](index=9&type=section&id=Financial%20Statements) Unaudited consolidated and parent company financial statements for Q1 2020 are presented, covering balance sheet, income statement, and cash flow [Consolidated Balance Sheet](index=9&type=section&id=Consolidated%20Balance%20Sheet) Consolidated total assets increased by 2.50% to CNY 1.59 billion, with total liabilities at CNY 345 million and owners' equity at CNY 1.25 billion - As of March 31, 2020, the company's consolidated total assets were **CNY 1,593,838,750.04**, an increase of **2.50%** from December 31, 2019[22](index=22&type=chunk) - Consolidated current assets totaled **CNY 1,315,432,285.46**, and non-current assets totaled **CNY 278,406,464.58**[23](index=23&type=chunk) - Consolidated total liabilities were **CNY 345,012,137.04**, and total owners' equity was **CNY 1,248,826,613.00**[24](index=24&type=chunk) [Parent Company Balance Sheet](index=12&type=section&id=Parent%20Company%20Balance%20Sheet) Parent company total assets increased by 2.54% to CNY 1.57 billion, with total liabilities at CNY 305 million and owners' equity at CNY 1.26 billion - As of March 31, 2020, the parent company's total assets were **CNY 1,568,847,797.78**, an increase of **2.54%** from December 31, 2019[26](index=26&type=chunk) - Parent company current assets totaled **CNY 1,255,807,322.60**, and non-current assets totaled **CNY 313,040,475.18**[25](index=25&type=chunk)[26](index=26&type=chunk) - Parent company total liabilities were **CNY 305,558,205.93**, and total owners' equity was **CNY 1,263,289,591.85**[26](index=26&type=chunk)[27](index=27&type=chunk) [Consolidated Income Statement](index=14&type=section&id=Consolidated%20Income%20Statement) Consolidated operating revenue grew by 38.68% to CNY 144 million, while net profit attributable to parent company shareholders decreased by 2.57% - In the first quarter of 2020, the company achieved consolidated total operating revenue of **CNY 144,158,740.09**, a year-on-year increase of **38.68%**[28](index=28&type=chunk) - Net profit attributable to parent company shareholders was **CNY 34,616,282.81**, a year-on-year decrease of **2.57%**[29](index=29&type=chunk) - Consolidated total comprehensive income was **CNY 38,576,123.00**[29](index=29&type=chunk) [Parent Company Income Statement](index=16&type=section&id=Parent%20Company%20Income%20Statement) Parent company operating revenue reached CNY 141 million, with net profit increasing by 19.74% to CNY 43 million - In the first quarter of 2020, the parent company achieved operating revenue of **CNY 141,875,952.48**[31](index=31&type=chunk) - Parent company net profit was **CNY 43,038,880.08**, a year-on-year increase of **19.74%**[31](index=31&type=chunk) - Parent company total comprehensive income was **CNY 46,998,720.27**[32](index=32&type=chunk) [Consolidated Cash Flow Statement](index=17&type=section&id=Consolidated%20Cash%20Flow%20Statement) Net cash flow from operating activities significantly improved to CNY 20 million, while investing activities showed a net outflow of CNY 183 million - In the first quarter of 2020, net cash flow from operating activities was **CNY 20,456,528.02**, a significant improvement from **CNY -43,922,744.18** in the same period last year[33](index=33&type=chunk) - Net cash flow from investing activities was **CNY -183,255,763.97**, primarily due to increased expenditures for the construction of fixed assets[33](index=33&type=chunk) - Net cash flow from financing activities was **CNY 98,671,111.12**, primarily due to obtaining bank loans[33](index=33&type=chunk) - Cash and cash equivalents at period end were **CNY 179,480,234.52**[33](index=33&type=chunk) [Parent Company Cash Flow Statement](index=18&type=section&id=Parent%20Company%20Cash%20Flow%20Statement) Parent company operating cash flow significantly improved to CNY 26 million, with investing activities showing a net outflow of CNY 85 million - In the first quarter of 2020, parent company net cash flow from operating activities was **CNY 26,687,415.38**, a significant improvement from **CNY -41,807,802.37** in the same period last year[35](index=35&type=chunk) - Parent company net cash flow from investing activities was **CNY -85,804,593.23**[35](index=35&type=chunk) - Cash and cash equivalents at period end were **CNY 170,491,359.32**[35](index=35&type=chunk) [Adjustments for New Revenue Standards](index=20&type=section&id=Adjustments%20for%20New%20Revenue%20Standards) The company adopted new revenue standards from January 1, 2020, reclassifying accounts receivable, contract assets, advances from customers, and contract liabilities [Consolidated Balance Sheet Adjustments](index=20&type=section&id=Consolidated%20Balance%20Sheet%20Adjustments) Consolidated balance sheet adjustments for new revenue standards involved reclassifying accounts receivable and advances from customers, without impacting total assets or equity - Effective January 1, 2020, new revenue standards were adopted, leading to adjustments in the consolidated balance sheet[39](index=39&type=chunk) Consolidated Balance Sheet Key Adjustments | Item | December 31, 2019 (CNY) | January 1, 2020 (CNY) | Adjustment (CNY) | | :--- | :--- | :--- | :--- | | Accounts Receivable | 174,729,111.21 | 124,440,907.26 | -50,288,203.95 | | Contract Assets | - | 50,288,203.95 | 50,288,203.95 | | Advances from Customers | 33,707,213.16 | - | -33,707,213.16 | | Contract Liabilities | - | 33,707,213.16 | 33,707,213.16 | - The adjustments only involve reclassification between accounts receivable and contract assets, and advances from customers and contract liabilities, without affecting total assets, liabilities, and owners' equity[40](index=40&type=chunk) [Parent Company Balance Sheet Adjustments](index=22&type=section&id=Parent%20Company%20Balance%20Sheet%20Adjustments) Parent company balance sheet adjustments for new revenue standards involved reclassifying accounts receivable and advances from customers, without impacting total assets or equity - Effective January 1, 2020, new revenue standards were adopted, leading to adjustments in the parent company balance sheet[45](index=45&type=chunk) Parent Company Balance Sheet Key Adjustments | Item | December 31, 2019 (CNY) | January 1, 2020 (CNY) | Adjustment (CNY) | | :--- | :--- | :--- | :--- | | Accounts Receivable | 174,730,183.21 | 124,441,979.26 | -50,288,203.95 | | Contract Assets | - | 50,288,203.95 | 50,288,203.95 | | Advances from Customers | 33,707,213.16 | - | -33,707,213.16 | | Contract Liabilities | - | 33,707,213.16 | 33,707,213.16 | - The adjustments only involve reclassification between accounts receivable and contract assets, and advances from customers and contract liabilities, without affecting the parent company's total assets, liabilities, and owners' equity[45](index=45&type=chunk) [Explanation of Retrospective Adjustments for New Revenue Standards](index=25&type=section&id=Explanation%20of%20Retrospective%20Adjustments%20for%20New%20Revenue%20Standards) The company did not retrospectively adjust prior comparative data for the first adoption of new revenue and lease standards from 2020 - The company did not retrospectively adjust prior comparative data for the first adoption of new revenue standards and new lease standards from 2020[46](index=46&type=chunk) [Audit Report](index=25&type=section&id=Audit%20Report) This quarterly report is unaudited and therefore does not include an audit report - This quarterly report is unaudited and does not include an audit report[46](index=46&type=chunk)

致股东的一封信 尊敬的各位股东和所有关心亿嘉和的朋友们： 您好！ 在过去的一年中，亿嘉和秉承"诚信、创新、专注、极致"的核心价 值观，坚定公司战略布局，稳扎稳打，通过公司各级管理层和广大员工的 付出与贡献，实现了自身的成长与突破，为股东和客户创造了价值。2019 年，公司实现主营业务收入 7.23 亿元，同比增长 43.29%；归属上市公司 股东净利润 2.56 亿元，同比增长 39.20%。 这一年，公司遵循"应用智能科技改善人类生活"的使命，继续加大 研发资源投入，持续创新、不断迭代。2019 年，公司不断加大研发投入， 年度研发投入占营业收入比例达到 13%，研发人员占比达到 35%。公司重 点引进人工智能、机器人领域的各类高端软硬件研发人才；深圳研发中心、 美国研发中心正式投入运营，逐步构建起全球化的研发体系；带电作业机 器人重磅推出、室内巡检操作机器人精彩亮相，公司产品已实现从数据采 集到自主作业的重大跨越。 这一年，市场拓展有的放矢，省外市场增长显著。全年新区域订单额 与新行业订单额双双跨入数千万元级。 古语有云"日行千里不言其路之遥，夜跃八百不语其道之艰。志刚如 磐石，静默守星月之变。"2020 ...