Financial Performance - Operating revenue increased by 90.26% to CNY 61,750,472.22 compared to the same period last year[6] - Net profit attributable to shareholders decreased by 16.77% to CNY 1,442,686.38 compared to the same period last year[6] - The company's operating revenue for Q1 2021 increased by 90.26% year-on-year, reaching CNY 61,750,472.22, driven by significant growth in video solutions and public safety revenue[13] - Video solutions revenue amounted to CNY 21,265,600, representing a 162.20% increase compared to the same period last year, while public safety revenue reached CNY 27,618,200, up 125.82% year-on-year[13] - Net profit for Q1 2021 was ¥1,442,686.38, compared to ¥1,733,453.74 in Q1 2020, reflecting a decrease of approximately 16.8%[31] - The company reported a total profit of ¥1,214,024.95 for Q1 2021, down from ¥1,926,059.71 in Q1 2020, a decline of 37%[34] Cash Flow and Investments - The net cash flow from operating activities improved to CNY -69,519,305.73 from CNY -80,906,984.20 year-on-year[6] - Cash received from sales of goods and services amounted to CNY 40,011,842.46, representing a 43.80% increase from CNY 27,824,972.11[16] - Cash received from other operating activities decreased by 72.12% to CNY 2,244,683.50, down from CNY 8,052,065.08[16] - Cash paid for the purchase of fixed assets and intangible assets increased by 312.49% to CNY 18,945,878.93, compared to CNY 4,593,072.26[16] - The cash outflow from investing activities for Q1 2021 was -¥368,819,842.24, an improvement from -¥635,044,972.03 in Q1 2020[38] - Total cash inflow from investing activities was $225,346,036.69, compared to $450,635,750.23 in the same quarter last year[40] Assets and Liabilities - Total assets decreased by 3.08% to CNY 1,572,186,509.19 compared to the end of the previous year[6] - Total current assets as of March 31, 2021, were CNY 1,380,725,489.06, a decrease from CNY 1,475,016,089.27[21] - Total liabilities as of March 31, 2021, were CNY 97,392,990.68, down from CNY 148,838,846.55[23] - The construction in progress increased by 76.13% to CNY 35,776,331.26, attributed to the development of smart video industry projects[15] Research and Development - R&D investment accounted for 31.42% of operating revenue, a decrease of 2.33 percentage points compared to the previous year[6] - Net profit attributable to shareholders decreased by 16.77% year-on-year, primarily due to increased expenses from hiring talent for new product and industry expansions, with R&D expenses rising by 77.09%[13] - Research and development expenses in Q1 2021 amounted to ¥19,400,787.37, which is an increase of 77.0% from ¥10,955,064.75 in Q1 2020[29] - The company plans to continue expanding into new products and industries, focusing on talent acquisition and R&D investment to support growth[13] Shareholder Information - The total number of shareholders reached 3,967 by the end of the reporting period[10] - The top three shareholders held 15.75%, 11.66%, and 11.20% of shares respectively[10] Other Financial Metrics - The weighted average return on equity decreased by 0.02 percentage points to 0.10%[6] - Basic and diluted earnings per share remained unchanged at CNY 0.02[6] - Government subsidies recognized in the current period amounted to CNY 177,002.16[9] - Tax payable decreased by 95.62% to CNY 773,032.40, mainly due to seasonal sales patterns and payments made in the current period[15] - Investment income surged by 340.10% to CNY 1,936,438.36, driven by increased interest income from cash management products[15]

2020 年年度报告 公司代码：688039 公司简称：当虹科技 杭州当虹科技股份有限公司 2020 年年度报告 我们的使命：引领全球视听技术的发展 我们的愿景：为人们获得最佳的视听体验 1 / 189 2020 年年度报告 重要提示 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、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、 重大风险提示 报告期内，不存在对公司生产经营产生实质性影响的特别重大风险。公司已在本报告中详细 阐述公司在经营过程中可能面临的各种风险及应对措施，敬请查阅本报告第四节"经营情况讨论 与分析"。 三、 公司全体董事出席董事会会议。 四、 天健会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 五、 公司负责人孙彦龙、主管会计工作负责人谭亚及会计机构负责人（会计主管人员）谭亚声明： 保证年度报告中财务报告的真实、准确、完整。 六、 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 经天健会计师事务所（特殊普通合伙）审计，截至2020年12月31日，公司期末可供分配利润 为人民币229,850,224 ...

2020 年第三季度报告 公司代码：688039 公司简称：当虹科技 杭州当虹科技股份有限公司 2020 年第三季度报告 1 / 18 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 11 | 2020 年第三季度报告 一、 重要提示 1.1 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、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人孙彦龙、主管会计工作负责人谭亚及会计机构负责人（会计主管人员）谭亚保证 季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 3 / 18 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年度 末增减(%) 总资产 1,444,573,095.97 1,513,613,537.01 -4.56 归属于上市公司股东的 净资产 1 ...

2020 年半年度报告 公司代码：688039 公司简称：当虹科技 五、 公司负责人孙彦龙、主管会计工作负责人谭亚及会计机构负责人（会计主管人员）谭亚声明： 保证半年度报告中财务报告的真实、准确、完整。 六、 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 杭州当虹科技股份有限公司 2020 年半年度报告 1 / 154 2020 年半年度报告 重要提示 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、 重大风险提示 报告期内，不存在对公司生产经营产生实质性影响的特别重大风险。公司已在本报告中详细 阐述公司在经营过程中可能面临的各种风险及应对措施，敬请查阅本报告第四节"经营情况的讨 论与分析"。 三、 公司全体董事出席董事会会议。 四、 本半年度报告未经审计。 无 七、 是否存在公司治理特殊安排等重要事项 否 十、 是否存在违反规定决策程序对外提供担保的情况？ 否 十一、 其他 □适用 √不适用 八、 前瞻性陈述的风险声明 √适用 □不适用 本报告所涉及的公司未来计划、发展战略等前瞻性陈述 ...

Financial Performance - The company's operating revenue for 2019 was ¥284.52 million, representing a year-over-year increase of 39.78% compared to ¥203.55 million in 2018[21]. - Net profit attributable to shareholders for 2019 was ¥84.68 million, up 32.52% from ¥63.90 million in 2018[21]. - The basic earnings per share for 2019 was ¥1.37, reflecting a 29.25% increase from ¥1.06 in 2018[22]. - The company's total assets at the end of 2019 reached ¥1.51 billion, a 239.56% increase from ¥445.76 million at the end of 2018[21]. - The company's net assets attributable to shareholders increased by 264.65% to ¥1.40 billion in 2019 from ¥383.26 million in 2018[21]. - The cash flow from operating activities for 2019 was negative at -¥4.63 million, a decline of 174.62% compared to ¥6.21 million in 2018[21]. - The company reported a net profit of ¥68.08 million in Q4 2019, with total revenue for the quarter at ¥166.00 million[25]. - Non-recurring gains and losses for 2019 totaled ¥7.97 million, compared to ¥2.57 million in 2018[28]. - The main business revenue reached CNY 283.53 million, with a year-on-year increase of 39.43%[88]. - The main business cost was CNY 116.96 million, which increased by 50.19% year-on-year[87]. - The gross profit margin for the media culture sector was 65.84%, while the public safety sector had a gross profit margin of 28.36%[90]. Research and Development - Research and development expenses accounted for 17.78% of operating revenue in 2019, a slight decrease from 17.99% in 2018[22]. - The company's R&D investment in 2019 was CNY 50,592,777.82, accounting for 17.78% of total revenue, with a year-on-year growth of 38.19%[59][60]. - The number of R&D personnel increased to 171, representing 72.46% of the total workforce, a 33.59% increase from the previous year[59][60]. - The company applied for 82 invention patents in 2019, totaling 193 applications by year-end, with 157 accepted and 36 granted, including 5 foreign patents[58]. - The company's video quality evaluation score (VMAF) averages 95 across various encoding parameters for low-bitrate videos[52]. - The company has made substantial investments in R&D for ultra-high-definition technology, enhancing its competitive edge in the media and public safety sectors[74]. - The company’s R&D model combines waterfall and agile methodologies, ensuring a structured yet flexible approach to software development[35]. - The company’s intelligent portrait recognition technology has been optimized for real-world applications, achieving high accuracy in various scenarios[55]. - The company’s video transcoding technology is recognized as industry-leading, supporting both hardware and software decoding capabilities[53][55]. Market Position and Strategy - The company has established a leading market position in the domestic video sector, particularly in the broadcasting industry, serving major IPTV operators and internet video companies[42]. - The AVS2 video standard, adopted as the sole video encoding standard in the 4K Ultra HD Television Technology Application Implementation Guide, positions the company as a key supplier for broadcasting-grade AVS2 real-time encoders[43]. - The company aims to leverage its technological advantages in video processing to expand its market presence and enhance product offerings[68]. - The company plans to develop a new video aggregation prevention platform based on AI video recognition technology for the public safety market[113]. - The company will focus on integrating offline product solutions with online video cloud services to create comprehensive service solutions in the media and entertainment sector[112]. - The company has developed a comprehensive solution for live broadcasting, including collection, processing, broadcasting, encoding, encryption, distribution, presentation, and monitoring, deployable on various computing infrastructures[31]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[6]. - The company has no violations of decision-making procedures regarding external guarantees[10]. - The company’s financial report is guaranteed to be true, accurate, and complete by its responsible persons[7]. - The company has committed to not using company funds for personal or controlled entities' debts or guarantees[135]. - The company emphasizes the protection of shareholder and creditor rights, continuously improving corporate governance and internal control systems[149]. - The company will ensure compliance with information disclosure obligations and relevant approval processes for related party transactions[135]. - The company has reported a clear ownership structure with no disputes or potential disputes regarding shareholding[133]. Shareholder and Dividend Policies - The company plans to distribute a cash dividend of RMB 4.00 per 10 shares, totaling approximately RMB 32 million, subject to shareholder approval[7]. - The company intends to maintain a cash dividend policy that ensures at least 10% of the distributable profit is allocated for dividends annually, barring significant investment plans[117]. - The company commits to a cash dividend policy, distributing at least 10% of the annual distributable profit as cash dividends[131]. - The company will enhance its internal management and information technology systems to improve operational efficiency[113]. - The company will implement an innovative incentive mechanism to boost the motivation of core employees and management[114]. Risks and Challenges - The company reported no significant risks affecting its operations during the reporting period[4]. - The company is facing risks related to market competition and potential fluctuations in raw material prices, which could impact operational performance[81]. - The macroeconomic impact of the COVID-19 pandemic remains uncertain, potentially affecting project completion and investment budgets[84]. - The company is facing risks related to accounts receivable exceeding credit terms, which may adversely affect profitability and cash flow[82]. Social Responsibility and Community Engagement - The company actively participates in social welfare activities, including targeted assistance for impoverished students in Guizhou Province[154]. - The company’s main business involves the research, design, and sales of intelligent video technology and solutions, with no traditional production processes that cause environmental pollution[155].

2020 年第一季度报告 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 7 | | 四、 | 附录 10 | 2020 年第一季度报告 一、 重要提示 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 非经常性损益项目和金额 公司代码：688039 公司简称：当虹科技 杭州当虹科技股份有限公司 2020 年第一季度报告 1 / 17 √适用 □不适用 单位：元 币种：人民币 | | 项目 | 本期金额 | 说明 | | --- | --- | --- | --- | | 非流动资产处置损益 | | | | 3 / 17 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年度 末增减(%) 总资产 1,474,766,060.83 1,513,613,537.01 -2.57 归属于上市公司股东的净资产 1,399,268,942.35 1,397,535,488.61 0.12 年初至报告期末 上年初至上年报告期末 比上年同期增减(%) 经营活动产生的现金流量净额 -80,906,984.20 - ...