北京市博汇科技股份有限公司 2022 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 2022 年第三季度报告 证券代码：688004 证券简称：博汇科技 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比 | 年初至报告期末 | 年初至报告 | | --- | --- | --- | --- | --- | | | | 上年同期增 | | 期末比上年 | | | | 减变动幅度 | | 同期增减变 | | | | (%) | | 动幅度(%) | | 营业收入 | 47,052,820.45 | -8.36 | 87,770,170.5 ...

Financial Performance - The company reported a total revenue of RMB 100 million for the first half of 2022, representing a year-on-year increase of 15%[13]. - The company reported a revenue of RMB 40.72 million for the first half of 2022, a decrease of 64.02% compared to the same period last year[19]. - The net profit attributable to shareholders was a loss of RMB 27.24 million, down 276.77% year-on-year[19]. - The basic earnings per share were -0.48 yuan, a decline of 277.78% compared to the previous year[20]. - The company's total assets decreased by 9.20% to RMB 75.93 million compared to the beginning of the period[21]. - The net assets attributable to shareholders decreased by 4.30% to RMB 71.60 million[21]. - The company achieved operating revenue of 40.72 million yuan, a decrease of 64.02% compared to the same period last year[96]. - The net profit attributable to shareholders was -27.24 million yuan, a decline of 276.77% year-on-year[96]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -29.54 million yuan, down 304.83% from the previous year[96]. User Growth and Market Expansion - User data indicates a growth in active users, reaching 1.5 million by the end of June 2022, up from 1.2 million in the same period last year, marking a 25% increase[13]. - The company has provided a forward guidance of 20% revenue growth for the second half of 2022, anticipating total revenue to reach RMB 120 million[13]. - Market expansion plans include entering two new provinces in China by the end of 2022, aiming to increase market share by 10% in these regions[13]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[142]. Research and Development - The company is investing RMB 10 million in R&D for new technologies, focusing on 5G and ultra-high-definition video streaming solutions[13]. - Research and development expenses accounted for 57.39% of revenue, an increase of 38.70 percentage points year-on-year[20]. - The company continued to invest heavily in R&D for its fundraising projects, launching several new products to enhance competitiveness[21]. - The company reported a total R&D investment of ¥23,368,096.30, an increase of 10.51% compared to ¥21,144,793.83 in the same period last year[72]. - R&D investment accounted for 57.39% of operating revenue, up by 38.70 percentage points from 18.69% in the previous year[72]. - The company has accumulated significant technological expertise in audio-visual data collection, analysis, and management, establishing a robust technical system[43]. - The company has developed intelligent analysis technologies that enhance content security and data analysis capabilities, providing a competitive edge in the market[44]. Strategic Partnerships and Acquisitions - A new strategic partnership has been established with a leading telecommunications provider to enhance service delivery and customer experience[13]. - The company is exploring potential mergers and acquisitions to enhance its technology capabilities and expand its service offerings[13]. - A strategic acquisition of a smaller tech firm was announced, which is expected to enhance the company's product offerings and increase market competitiveness[142]. Challenges and Risks - The company has identified key risks including regulatory changes and market competition, which are detailed in the risk factors section of the report[4]. - The company faced challenges due to repeated local COVID-19 outbreaks, which delayed customer bidding processes and reduced order volumes[21]. - The ongoing COVID-19 pandemic has led to a slowdown in customer order demand and disruptions in logistics and production, significantly impacting project timelines[85]. - The company faces risks related to talent retention, technology updates, and potential changes in industry policies that could affect its competitive edge[87][88][92]. Financial Management and Investments - The company has a strong focus on R&D, with core technologies continuously upgraded and integrated into its main products, ensuring a competitive edge in the market[70]. - The company confirmed a long-term equity investment of RMB 10,000,000 in Beijing Zhongtian Huahang Aviation Technology Co., Ltd., with the first investment payment of RMB 5,000,000 completed during the reporting period[149]. - The company completed the second subscription payment of RMB 5,000,000 for the Hangzhou Chuanghe Selected Phase II Venture Capital Partnership during the reporting period[148]. - The total amount of raised funds is RMB 408,534,000, with a net amount of RMB 357,567,469 after deducting issuance costs, representing a cumulative investment progress of 76.21%[154]. - The company plans to use up to RMB 300 million of temporarily idle raised funds for cash management, with a rolling usage period of 12 months[155]. Technological Innovations - The company achieved a video data transmission delay of no more than 8 milliseconds, with a compression ratio of 4:1, ensuring high-quality and low-latency transmission effects[67]. - The unique coding technology developed by the company has improved the encoding efficiency of ultra-high-definition video data[67]. - The company has developed a unique audiovisual data transmission technology that supports real-time monitoring and analysis of various audiovisual data anomalies, enhancing operational efficiency[68]. - The company’s 4K ultra-high-definition multi-screen synthesis technology allows for the integration of multiple video streams into a single 4K output, significantly improving video quality[69]. Corporate Governance and Compliance - The board of directors has confirmed that there are no significant non-operational fund usages by controlling shareholders or related parties during the reporting period[7]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[145]. - The company has not reported any major contracts or their performance during the reporting period[151]. - The company has not disclosed any significant related party transactions that were not previously announced[147]. - The company assures that its prospectus and other disclosure materials do not contain any false statements or major omissions[138].

Financial Performance - The company's revenue for Q1 2022 was CNY 30,956,246.85, representing a year-on-year increase of 29.37%[4] - The net profit attributable to shareholders was a loss of CNY 6,047,925.03, with a basic and diluted earnings per share of -0.11 CNY[4] - Total operating revenue for Q1 2022 was CNY 30,956,246.85, an increase of 29.4% compared to CNY 23,928,879.25 in Q1 2021[18] - Net loss for Q1 2022 was CNY 6,047,925.03, compared to a net loss of CNY 5,024,428.08 in Q1 2021, representing a decline of 20.4%[19] - The total comprehensive income for the first quarter of 2022 was -6,047,925.03 RMB, compared to -5,024,428.08 RMB in the same period of 2021, indicating a decline in performance[20] - Basic and diluted earnings per share for the first quarter of 2022 were both -0.11 RMB, compared to -0.09 RMB in the first quarter of 2021[20] - The net profit for Q1 2022 was a loss of CNY 4,785,219.49, compared to a loss of CNY 3,147,638.59 in Q1 2021, indicating a deterioration in profitability[30] Cash Flow - The net cash flow from operating activities was negative at CNY -63,926,167.94[4] - Cash inflows from operating activities totaled 26,282,846.68 RMB, down from 32,966,036.69 RMB in the first quarter of 2021, reflecting a decrease of approximately 20%[23] - Cash outflows from operating activities amounted to 90,209,014.62 RMB, compared to 84,478,468.84 RMB in the previous year, resulting in a net cash flow from operating activities of -63,926,167.94 RMB, worsening from -51,512,432.15 RMB[23] - The company reported a significant decrease in cash received from operating activities, totaling CNY 22,355,936.18 in Q1 2022, down from CNY 109,614,135.56 in Q1 2021[31] - The net cash flow from financing activities was -1,689,612.40 RMB, indicating a cash outflow in this segment[24] - The ending balance of cash and cash equivalents as of March 31, 2022, was 202,744,730.03 RMB, down from 405,239,085.09 RMB at the end of 2021[24] - The net increase in cash and cash equivalents was -61,879,253.17, compared to -49,819,833.24 in the previous period[32] - The beginning cash and cash equivalents balance was $248,301,285.73, down from $448,647,762.26[32] - The ending cash and cash equivalents balance was $186,422,032.56, compared to $398,827,929.02 in the previous period[32] Assets and Liabilities - Total assets decreased by 5.55% from the end of the previous year, amounting to CNY 789,806,757.50[5] - Total assets decreased to CNY 789,806,757.50 from CNY 836,179,470.22, a decline of 5.5%[14] - Total liabilities decreased to CNY 47,719,378.72 from CNY 88,044,166.41, a reduction of 45.8%[15] - The total assets decreased to CNY 784,585,086.96 in Q1 2022 from CNY 827,242,747.05 in Q1 2021, reflecting a decline of approximately 5.1%[28] - The total liabilities decreased to CNY 44,717,974.79 in Q1 2022 from CNY 82,590,415.39 in Q1 2021, a reduction of about 45.9%[28] Research and Development - R&D expenses totaled CNY 10,936,443.56, accounting for 35.33% of the revenue, a decrease of 6.94% compared to the previous year[5] - Research and development expenses for Q1 2022 were CNY 10,936,443.56, compared to CNY 10,115,922.05 in Q1 2021, reflecting a growth of 8.1%[19] - Research and development expenses for Q1 2022 were CNY 8,536,692.43, slightly up from CNY 8,037,520.29 in Q1 2021, indicating continued investment in innovation[29] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 5,995[9] - The top shareholder, Sun Chuanming, holds 10,000,000 shares, representing 17.61% of the total shares[9] Other Financial Metrics - The company reported non-operating income of CNY 378,991.12 after tax adjustments[7] - The company did not provide an audited financial statement for this quarter[4] - Cash and cash equivalents decreased to CNY 204,532,750.37 from CNY 269,632,495.73, a reduction of 24.2%[13] - Accounts receivable increased to CNY 152,957,276.17, up 9.1% from CNY 139,938,788.32[13] - Inventory rose to CNY 31,437,845.59, an increase of 18.0% compared to CNY 26,537,271.73[13] - Non-current assets increased to CNY 297,722,495.85 from CNY 230,466,975.11, an increase of 29.2%[14] - The company’s total non-current assets increased to CNY 306,355,309.50 in Q1 2022 from CNY 239,156,715.35 in Q1 2021, reflecting a growth of approximately 28.1%[28] - The company’s financial expenses improved, showing a financial income of CNY 824,133.64 in Q1 2022 compared to a loss of CNY 2,090,655.52 in Q1 2021[29]

Financial Performance - The company achieved operating revenue of 287.15 million yuan, which is approximately flat compared to the previous year, with a slight decrease of 0.25%[22]. - Net profit attributable to shareholders increased by 5.9% year-on-year, reaching 49.17 million yuan[22]. - The basic earnings per share decreased by 6.45% to 0.87 yuan per share[22]. - The company's total assets grew by 4.40% to 836.18 million yuan compared to the beginning of the period[23]. - The net assets attributable to shareholders increased by 4.97% to 748.14 million yuan[23]. - The company achieved operating revenue of 287.15 million RMB, remaining stable compared to the same period last year[32]. - The net profit attributable to shareholders of the listed company was 49.17 million RMB, representing a year-on-year increase of 5.9%[32]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was 45.04 million RMB, up 6.28% year-on-year[32]. - The company reported a significant increase of 53.37% in net cash flow from operating activities, amounting to 40.68 million yuan, attributed to improved management of accounts receivable[111]. - The company reported a revenue of CNY 1.5 billion for the fiscal year 2021, representing a year-over-year growth of 20%[165]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of RMB 0.87 per 10 shares, totaling RMB 4,941,600.00 (including tax) based on a total share capital of 56,800,000 shares as of December 31, 2021, resulting in a cash dividend payout ratio of 10.05%[5]. - The board of directors has approved the profit distribution plan, which is subject to the approval of the annual general meeting of shareholders[5]. - The company plans to maintain a continuous and stable profit distribution policy while considering future investment needs[188]. Research and Development - The company maintained a high R&D investment ratio, with R&D expenses accounting for 16.66% of operating revenue[22]. - The total R&D investment for the year was approximately ¥47.84 million, representing a 1.09% increase from the previous year's ¥47.32 million[83]. - R&D investment accounted for 16.66% of total revenue, an increase of 0.22 percentage points compared to the previous year[83]. - The company has a total of 20 invention patents, 4 utility model patents, 1 design patent, and 213 software copyrights as of the end of the reporting period, with 8 new invention patents added during the period[81]. - The company has developed a unique algorithm for high-speed content review, applicable in various broadcasting and educational systems[78]. Market Expansion and Strategy - The company is actively expanding into the education and government enterprise markets while deepening its presence in the broadcasting market[24]. - The company is focusing on eight major solutions in its Media Security business group, covering full business supervision from source to terminal[33]. - The company is well-positioned to leverage the rapid development of the ultra-high-definition video industry, which presents new opportunities for growth and innovation[62]. - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market reach, with a focus on companies in the tech sector[163]. - The company is expanding its market presence in Southeast Asia, targeting a 30% increase in sales in that region[165]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from Tianzhi International Accounting Firm, ensuring the accuracy and completeness of its financial statements[5]. - The company does not have any non-operating fund occupation by controlling shareholders or related parties, indicating a stable financial governance structure[7]. - There are no violations of decision-making procedures regarding external guarantees, reflecting adherence to regulatory compliance[8]. - The company has not disclosed any special arrangements for corporate governance, suggesting standard governance practices are in place[8]. - The company adheres to strict corporate governance practices, ensuring independent operations and compliance with legal regulations[154]. Risks and Challenges - The company has outlined various operational risks in its report, emphasizing the importance of risk management in its future planning[4]. - The report includes a forward-looking statement risk declaration, cautioning investors about the uncertainties in future plans and strategies[6]. - The company faces risks related to talent retention, as the industry is characterized by high turnover and competition for skilled personnel[97]. - Future risks include potential adjustments to VAT tax incentives for software companies, which could negatively impact profit levels[108]. Technological Advancements - The company is positioned to leverage new technologies such as AI, big data, and blockchain to expand its market boundaries[54]. - The company has developed a cloud-based crawler system and various software products for IPTV/OTT, enhancing its data collection capabilities[76]. - The company’s ultra-high-definition video encoding technology supports H.264 and H.265 formats, achieving a compression ratio of 4:1 and a transmission delay of no more than 8 milliseconds[76]. - The company is actively involved in the development of digital twin technology, which is recognized as a key enabler for digital transformation across various industries[74]. Employee and Workforce Management - The number of R&D personnel decreased to 133, accounting for 37.78% of the total workforce, down from 40.30% in the previous period[90]. - Total compensation for R&D personnel was 3,720.23 million, a decrease from 3,797.86 million in the previous period[90]. - The company has established a comprehensive salary system to motivate employees and align compensation with business development needs[185]. - The company emphasizes employee training, providing both internal and external training programs to enhance skills and knowledge[186]. Future Outlook - Future outlook includes a strategic focus on expanding market presence and enhancing product offerings, aiming for a revenue growth target of 10% for the next fiscal year[163]. - The company has set a performance guidance of achieving a net profit margin of 12% for the upcoming fiscal year, up from the current 10%[163]. - The management team highlighted the importance of maintaining operational efficiency, targeting a cost reduction of 5% across all departments[163].

Group 1: Company Overview - Beijing Bohui Technology Co., Ltd. has reported unauthorized use of its name for illegal online financial activities [2] - The company has not engaged in digital economy business or authorized others to promote such activities [2] Group 2: Legal Actions - The company has reported the illegal websites to the Central Internet Information Office and filed a police report [2] - Bohui Technology reserves the right to pursue legal action against any entity or individual misusing its name [2] Group 3: Investor Advisory - Investors are advised to remain vigilant and verify information to protect their legal rights [2] - In case of any fraudulent activities using the company's name, investors should contact the company directly or report to local authorities [3]

2021 年第三季度报告 证券代码：688004 证券简称：博汇科技 北京市博汇科技股份有限公司 2021 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期 比上年同 | | 年初至报告期 末比上年同期 | | --- | --- | --- | --- | --- | | | | | 年初至报告期末 | | | | | 期增减变 | | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 | 51,347,872.31 | 19.94 | 164,507,411.31 | 13.43 | | 归属于上市公司股东的净 | 1,106,495.15 | -15.39 | 16,518,222.50 | 2.76 ...

Financial Performance - The company reported a total revenue of RMB 100 million for the first half of 2021, representing a year-on-year increase of 20%[14]. - The company's operating revenue for the first half of 2021 was RMB 113,159,539, representing a year-on-year increase of 10.70% compared to RMB 102,224,115 in the same period last year[21]. - The net profit attributable to shareholders for the same period was RMB 15,411,727, a 4.37% increase from RMB 14,766,818.82 in the previous year[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 17.10%, reaching RMB 14,423,529.03, up from RMB 12,317,783.75[23]. - The basic earnings per share decreased by 22.86% to RMB 0.27, down from RMB 0.35 in the previous year[22]. - The weighted average return on equity decreased by 2.53 percentage points to 2.14% from 4.67% in the previous year[22]. - The gross profit margin improved to 45%, up from 40% in the same period last year[14]. - The company achieved a total R&D investment of ¥21,144,793.83, representing an increase of 8.94% compared to the previous period[72]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion in the first half of 2021, representing a year-over-year growth of 25%[146]. - User data showed a growth in active users, reaching 10 million, which is a 15% increase compared to the previous period[147]. Market Expansion and Strategy - The company expects a revenue growth of 25% for the second half of 2021, driven by new product launches and market expansion strategies[14]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2022[14]. - The company is exploring potential mergers and acquisitions to enhance its product offerings and market reach, with a focus on strategic partnerships[150]. - The company has established a market expansion model focusing on the defense and education sectors, with significant user growth in provinces like Shandong, Liaoning, and Sichuan[89]. - The company has formed partnerships with prestigious universities, including Tsinghua University and Peking University, to develop smart teaching solutions[90]. Research and Development - Research and development expenses increased by 30% to RMB 15 million, focusing on AI and 5G technologies[14]. - The company has developed a comprehensive product system based on proprietary software and hardware, focusing on audiovisual big data collection, analysis, and visualization technologies[40]. - The company has established a strong technical R&D capability, driven by market demand and industry trends, ensuring continuous innovation and product development[45]. - The company has developed unique algorithms for real-time monitoring and switching technology, enhancing operational efficiency[68]. - The company has implemented advanced transmission technologies to improve audio and video data transmission under complex network conditions[68]. Financial Management and Investments - The company reported a 26.33% decrease in net cash flow from operating activities, amounting to -60,960,158.48 RMB[105]. - The company’s investment activities generated a net cash flow of 96,702,787.85 RMB, a significant increase of 187.93% compared to the previous year[105]. - The total amount of raised funds is RMB 357,567,469.81, with RMB 64,232,860.49 invested in the current year[152]. - The cumulative investment amount reached RMB 70,210,598.22, resulting in a shortfall of RMB 287,356,871.59 compared to the committed investment amount[152]. - The company improved its financial management, resulting in increased interest income from deposits[106]. Risks and Challenges - The company has identified key risks including market competition and regulatory changes, which are detailed in the risk factors section of the report[4]. - The company is facing risks related to talent retention, technology updates, and potential changes in industry policies that could impact its operations[96][101][102]. Corporate Governance and Compliance - The board of directors confirmed that there were no non-operating fund occupations by controlling shareholders during the reporting period[4]. - The company has not faced any technology infringement disputes, ensuring clear ownership of its core technologies[69]. - The company has committed to not transferring shares for 36 months following the IPO, with additional restrictions on share sales for executives[128]. Product Development and Innovation - The company has introduced a new product line in the streaming media sector, projected to contribute an additional RMB 20 million in revenue by year-end[14]. - The intelligent operation product line includes signal acquisition cards, automated testing systems, and multi-screen monitoring systems, covering mainstream audiovisual services such as IPTV and OTT[41]. - The company has developed a real-time retrieval technology for audiovisual data, achieving a maximum delay of 2 frames at a compression rate of 700kbps, significantly improving retrieval speed from minutes to seconds[55]. - The audiovisual content fingerprint extraction and recognition technology allows for a feature data volume of only 64 bits per video frame and 344 bits per second of audio, enabling real-time processing and automatic synchronization of up to 30 seconds, outperforming competitors[55]. Shareholder Relations - The management team emphasized a commitment to shareholder value, with plans for future stock buybacks and dividend increases based on performance metrics[147]. - The company distributed dividends totaling CNY 14,200,000.00 during the first half of 2021[196]. - The company will ensure compliance with relevant laws and regulations during the implementation of the stock price stabilization measures[139].

Financial Performance - Operating revenue increased by 31.35% to CNY 23.93 million year-on-year[5] - Net profit attributable to shareholders was CNY -5.02 million, a decline from CNY -2.14 million in the same period last year[5] - Basic and diluted earnings per share were both CNY -0.09, compared to CNY -0.05 in the previous year[5] - Total operating revenue for Q1 2021 was RMB 23,928,879.25, an increase of 31.5% compared to RMB 18,217,124.36 in Q1 2020[23] - Net loss for Q1 2021 was RMB 5,024,428.08, compared to a net loss of RMB 2,141,284.10 in Q1 2020, representing a 134.5% increase in losses[24] - Operating profit for Q1 2021 was RMB -5,149,393.22, compared to RMB -2,218,730.44 in Q1 2020[24] - Total profit for Q1 2021 was RMB -5,136,193.22, compared to RMB -2,213,786.24 in Q1 2020[24] Cash Flow - The net cash flow from operating activities improved to CNY -51.51 million from CNY -56.64 million year-on-year[5] - Total cash inflow from operating activities was $32,966,036.69, down from $40,923,467.96, indicating a decline of about 19.5%[28] - Cash outflow from operating activities totaled $84,478,468.84, compared to $97,558,902.31 in the previous year, reflecting a decrease of approximately 13.4%[28] - The net cash flow from operating activities was -$51,512,432.15, slightly improved from -$56,635,434.35 year-over-year[28] - Cash inflow from investment activities reached $311,087,606.93, significantly higher than $99,320,157.80 in the previous year, marking an increase of about 213%[29] - The net cash flow from investment activities was -$499,853.41, a notable improvement from -$40,810,511.19 year-over-year[29] - The net increase in cash and cash equivalents was -$52,012,285.56, compared to -$97,445,945.54 in the previous year, indicating a reduction in cash outflow by about 46.5%[29] Assets and Liabilities - Total assets decreased by 5.62% to CNY 755.90 million compared to the end of the previous year[5] - The total amount of accounts payable decreased by 44.02% to CNY 23,454,570.52 from CNY 41,901,591.70, influenced by the timing of payments[11] - Current liabilities reduced significantly from ¥88,197,077.97 to ¥48,178,880.74, a decrease of about 45.4%[18] - Total liabilities remained the same at ¥48,178,880.74, indicating no new long-term debt[18] - Total equity decreased from ¥712,744,107.47 to ¥707,719,679.39, a decline of about 0.7%[18] - Non-current assets increased from ¥19,540,099.22 to ¥46,387,453.87, an increase of about 137.5%[18] Shareholder Information - The total number of shareholders at the end of the reporting period was 5,364[9] - The largest shareholder, Sun Chuanming, holds 10 million shares, accounting for 17.61% of the total shares[9] Research and Development - R&D expenditure as a percentage of operating revenue decreased by 8.21 percentage points to 42.27%[5] - Research and development expenses for Q1 2021 were RMB 10,115,922.05, an increase of 9.9% from RMB 9,196,807.88 in Q1 2020[23] Other Income and Expenses - Financial expenses decreased significantly to CNY -2,276,750.15 from CNY -81,126.22, a change of -2,706.43%, attributed to improved cash management and increased interest income from deposits[12] - Other income dropped by 64.66% to CNY 2,744,684.76, down from CNY 7,766,272.26, mainly due to the absence of VAT refunds received in the previous year[12] - Investment income decreased by 39.80% to CNY 730,210.14 from CNY 1,212,990.00, reflecting a reduction in structured deposit returns during the reporting period[12]

Financial Performance - The company's operating revenue for 2020 was CNY 287.87 million, representing a year-on-year increase of 4.83%[24]. - The net profit attributable to shareholders decreased by 8.81% to CNY 46.43 million, while the net profit after deducting non-recurring gains and losses fell by 7.86% to CNY 42.38 million[24][26]. - The net cash flow from operating activities decreased by 33.60% to CNY 26.52 million, primarily due to increased cash payments for goods and services and delayed customer payments[26]. - Basic and diluted earnings per share decreased by 22.50% to CNY 0.93, attributed to an increase in share capital from the initial public offering[26]. - The company's total assets increased by 76.06% to CNY 800.94 million, while net assets attributable to shareholders rose by 130.85% to CNY 712.74 million[24]. - The company's gross profit margin has declined compared to the previous year, attributed to increased R&D investments[103]. - The company achieved a revenue of 287.87 million RMB, representing a year-on-year growth of 4.83%[103]. - The net profit attributable to shareholders, after deducting non-recurring gains and losses, decreased by 7.86% compared to the previous year[103]. - Cash and cash equivalents increased by 261.43% to 459.69 million RMB due to the completion of the initial public offering and listing on the Sci-Tech Innovation Board[96]. Dividend Policy - The company plans to distribute a cash dividend of RMB 2.5 per 10 shares, totaling RMB 14,200,000 based on a total share capital of 56,800,000 shares as of December 31, 2020, resulting in a cash dividend payout ratio of 30.59%[7]. - The company has established a cash dividend policy, ensuring that at least 30% of the average distributable profit over three consecutive years is distributed in cash[160]. - The company will not conduct capital reserve transfers or issue bonus shares in the current dividend distribution plan[161]. - The company will only distribute cash dividends if it has positive distributable profits and meets specific conditions, such as not exceeding a 60% debt-to-asset ratio[160]. - The company's cash dividend distribution is prioritized over stock dividends when conditions are met[159]. Risk Management - The company has outlined various operational risks and corresponding mitigation strategies in the report, emphasizing the importance of risk management[4]. - The report includes a forward-looking statement risk declaration, cautioning investors about the uncertainties associated with future plans and strategies[8]. - The company has not violated any decision-making procedures regarding external guarantees, reflecting adherence to regulatory compliance[10]. Audit and Compliance - The company has received a standard unqualified audit opinion from Tianzhi International Accounting Firm, ensuring the accuracy and completeness of the financial report[6]. - The company’s financial report is guaranteed to be true, accurate, and complete by its responsible executives, ensuring accountability[7]. - The company has committed to ensuring compliance with related party transaction management systems[190]. - There were no major lawsuits or arbitration matters reported for the fiscal year[194]. - The company confirmed that there were no significant changes in accounting policies that would materially affect its financial position or operating results[191]. Research and Development - Research and development expenses accounted for 16.44% of operating revenue, an increase of 1.08 percentage points compared to the previous year[25]. - Total R&D expenditure for the year was ¥47,324,513.52, an increase of 12.19% from the previous year, with R&D expenditure accounting for 16.44% of operating revenue, up 1.08 percentage points[88]. - The company is focusing on advanced technologies such as AI content recognition and distributed data collection engines in its ongoing projects[90]. - The R&D team is working on a holographic management platform with a projected investment of ¥289.15 million, aimed at creating a digital model for industry users[92]. Market and Product Development - The company aims to provide customized audiovisual information technology solutions based on its modular and standardized product system[33]. - The company has developed core technologies such as IP signal extraction and analysis, enhancing the quality and security of live broadcasts[34]. - The company is actively exploring potential user needs in ideological education and cultural construction through its products[105]. - The company plans to continue enhancing its technical capabilities through increased R&D investment[26]. Shareholder Commitments - The company has committed to ensuring compliance with the Securities Law and relevant stock exchange rules for any share reduction activities[171]. - The company will monitor stock performance closely to determine any necessary adjustments to shareholder commitments and strategies[171]. - The company will not transfer or entrust the management of shares held before the IPO for 12 months from the date of listing[173]. - The company will publicly apologize and explain the reasons for any unfulfilled commitments during shareholder meetings and designated disclosure media[184]. Strategic Initiatives - The company is considering strategic acquisitions to bolster its competitive position, with potential targets identified in the J sector[182]. - The company plans to enhance its marketing and service capabilities by building a more comprehensive marketing service network across regions such as North, East, and Southwest China[155]. - The company is committed to timely and comprehensive disclosure of any unfulfilled commitments due to uncontrollable factors, ensuring transparency to shareholders and investors[184].

Financial Performance - Operating revenue for the first nine months rose by 9.73% year-on-year, amounting to RMB 145,035,794.80[6] - Net profit attributable to shareholders increased by 36.94% year-on-year, reaching RMB 16,074,539.15[6] - Net profit after deducting non-recurring gains and losses surged by 61.02% year-on-year, totaling RMB 12,490,086.15[6] - Basic and diluted earnings per share increased by 21.43%, reaching RMB 0.34[7] - The company's total revenue for the period reached RMB 1.56 billion, a 49.92% increase year-over-year, driven by revenue growth and increased software tax rebates[15] - Net profit for the period was RMB 1.61 billion, reflecting a 36.94% increase compared to the same period last year, mainly due to revenue growth and software tax rebates[15] - Total operating revenue for Q3 2020 was ¥42,811,679.04, an increase of 6.95% compared to ¥40,030,400.23 in Q3 2019[26] - Total profit for the first three quarters of 2020 was ¥15,737,782.87, compared to ¥11,322,456.03 in the first three quarters of 2019, representing an increase of 39.06%[27] Assets and Liabilities - Total assets increased by 64.42% year-on-year, reaching RMB 747,956,648.06[6] - Current assets rose to CNY 735,698,304.03, up from CNY 445,299,780.72, indicating a growth of about 65.1% year-over-year[20] - The company's cash and cash equivalents significantly increased to CNY 395,287,769.01 from CNY 127,188,137.23, marking a growth of approximately 210.5%[20] - Total liabilities decreased to CNY 65,563,503.75 from CNY 146,165,473.02, a reduction of about 55.2%[21] - Shareholders' equity surged to CNY 682,393,144.31, compared to CNY 308,751,135.35, reflecting an increase of approximately 121.0%[21] - The company reported accounts receivable of CNY 118,152,766.60, up from CNY 104,764,401.19, which is an increase of about 12.8%[20] - Inventory decreased to CNY 61,386,133.03 from CNY 75,213,509.35, a decline of approximately 18.4%[20] - Total liabilities remained stable at 146,165,473.02 RMB, indicating no significant changes in the company's debt structure[40] Cash Flow - The net cash flow from operating activities for the first nine months was negative at RMB -71,821,025.95[6] - The company reported a net cash outflow from operating activities of RMB 71.82 million, a 76.61% increase in outflow compared to the previous year, primarily due to increased payments for goods purchased[16] - Cash inflow from operating activities for the first nine months of 2020 was CNY 148,329,579.03, slightly up from CNY 144,045,225.55 in the same period of 2019[33] - The company reported a net cash outflow from operating activities of CNY -71,821,025.95 for the first nine months of 2020, worsening from CNY -40,665,489.98 in the previous year[33] - Total cash inflow from operating activities increased to 148,240,982.10 RMB, compared to 144,045,225.55 RMB in 2019[35] - Cash outflow for operating activities increased to 220,086,877.48 RMB, compared to 184,710,715.53 RMB in the previous year[35] Shareholder Information - The total number of shareholders reached 6,488 by the end of the reporting period[10] - The top shareholder, Sun Chuanming, holds 10,000,000 shares, representing 17.61% of the total shares[10] Research and Development - Research and development expenses accounted for 22.18% of operating revenue, a slight decrease of 0.03 percentage points[7] - Research and development expenses for Q3 2020 were ¥12,756,906.31, an increase of 19.06% from ¥10,710,154.36 in Q3 2019[26] - Research and development expenses for the first nine months of 2020 totaled CNY 31,624,708.62, compared to CNY 29,354,215.55 in the previous year, reflecting a 7.7% increase[30] Future Plans - The company has plans for market expansion and new product development, although specific figures were not disclosed in the report[20]