证券代码：688039 证券简称：当虹科技 公告编号：2023-027 杭州当虹科技股份有限公司 关于召开 2022 年度暨 2023 年第一季度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： （网址：http://roadshow.sseinfo.com/） （ir@arcvideo.com）进行提问。公司将在说明会上对投资者普遍关注的问题进 行回答。 杭州当虹科技股份有限公司（以下简称"公司"）已于 2023 年 4 月 28 日在 上海证券交易所网站（www.sse.com.cn）披露了 2022 年年度报告及摘要、2023 年第一季度报告，为便于广大投资者更全面深入地了解公司 2022 年度、2023 年 第一季度经营成果、财务状况，公司计划于 2023 年 05 月 16 日下午 15:30-17:00 举行 2022 年度暨 2023 年第一季度业绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 （二） 会议召开地点：上海证券交易所上证路演中心 （http://roa ...

证券代码：688039 证券简称：当虹科技 杭州当虹科技股份有限公司 投资者关系活动记录表 编号：2022-006 | --- | --- | --- | |-----------------------|----------------------|----------------------------------------------------------------------------------------------| | | □ 特定对象调研 | □ 分析师会议 | | | □ 媒体采访 | √业绩说明会 | | 投资者关系 活动类别 | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | □ 其他 | （请文字说明其他活动内容） | | 会议名称 | 2021 年度暨 | 2022 年第一季度业绩说明会 | | 时间 | 2022 | 月 6 日 下午 16:00-17:00 | | 地点 | 上 海 证 券 （ | 易 所 " 上 证 路 演 中 心 " http://roadshow.sseinfo.com ） | | | | | | 上市公司接 待人员姓名 ...

证券代码：688039 证券简称：当虹科技 杭州当虹科技股份有限公司 投资者关系活动记录表 编号：2022-007 | --- | --- | --- | |-----------------------|------------------------------------|---------------------------------------------------------------------------------------------------------------| | | | | | | √特定对象调研 □分析师会议 | | | | □媒体采访 | □业绩说明会 | | 投资者关系 | □新闻发布会 □路演活动 | | | 活动类别 | □现场参观 | | | | □其他 （请文字说明其他活动内容） | | | 参与单位 名称 | 沌天成期货、中盛晨嘉、巴沃私募 | 东海证券、湖汇山投资、尊新资本、桭源资产、瑜瑶基金、天 襄资本、国元基金、杭州万物潮生、广天投资、聚晟益合、混 | | 时间 | 2022 年 6 月 | 28 日 下午 14:00-16:00 | | | 地 ...

2022 年第三季度报告 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 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 | | --- | --- | --- | --- | --- | | | | 上年同期增 | 年初至报告期末 | 末比上年同期 | | | | 减变动幅度 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 159,947,188.45 | 216.82 | 253,217,058.71 | 31.86 | | 归属于上市公司股东的 | -2,542,621.93 | 不适用 | -41,444,769.59 | -413.24 | | 净利润 | | | | | | 归属于上市公司股东的 扣除非经常性损益的净 | -2,793,833.96 | 不适用 | -44,667,567.00 | -1,391.71 | | 利润 | | | | | 证券代码：688039 证 ...

Financial Performance - The company reported a significant increase in revenue for the first half of 2022, achieving a total of RMB 500 million, representing a growth of 25% year-over-year[1]. - The company's operating revenue for the first half of the year was CNY 93.27 million, a decrease of 34.11% compared to CNY 141.55 million in the same period last year[20]. - The net profit attributable to shareholders was a loss of CNY 38.90 million, down 246.26% from a profit of CNY 26.60 million in the previous year[20]. - The net cash flow from operating activities was a negative CNY 122.30 million, compared to a negative CNY 67.34 million in the same period last year[20]. - The company's net assets attributable to shareholders decreased by 4.62% to CNY 1.46 billion from CNY 1.53 billion at the end of the previous year[20]. - The basic earnings per share were -CNY 0.48, a decline of 245.45% from CNY 0.33 in the same period last year[21]. - The company had a total revenue of 14,331 million RMB for the first half of 2022, with a net profit of 4,823.88 million RMB, representing a year-on-year increase of 8,184.16 million RMB[114]. User Growth and Market Expansion - User data indicates that the active user base has expanded to 1.2 million, marking a 30% increase compared to the same period last year[1]. - The company is actively pursuing market expansion strategies, targeting new regions in Southeast Asia, which are projected to contribute an additional RMB 100 million in revenue by the end of 2022[1]. - The company is focusing on expanding its product offerings in edge computing and AI recognition, although the rollout has been slower than expected[22]. - The company is expanding into the intelligent connected vehicle sector, focusing on immersive in-car entertainment experiences[49]. - The company is actively pursuing market expansion in the digital cultural consumption sector, particularly in online video and live streaming[109]. Research and Development - Research and development investments have increased by 15%, focusing on next-generation audiovisual technologies and AI integration[1]. - Research and development (R&D) expenses amounted to ¥53,364,154.50, a 27.34% increase from ¥41,907,539.00 in the same period last year[103]. - R&D expenses accounted for 57.21% of operating revenue, an increase of 27.60 percentage points from 29.61% in the previous year[22]. - The number of R&D personnel increased by 23.96% year-on-year, reaching 269 by June 30, 2022, up from 217 in the previous year[104]. - The company is developing a next-generation immersive automotive cockpit entertainment middleware product, with an investment of ¥1,000.00 million and cumulative investment of ¥585.74 million[106]. Product Development and Innovation - New product launches include an advanced video processing technology that is expected to enhance user experience and drive sales growth in the upcoming quarters[1]. - The company offers a 5G+4K/8K/VR multi-scene live broadcast solution, leveraging 5G's high bandwidth and low latency to support ultra-high-definition live broadcasting[32]. - The AI super-resolution video enhancement solution improves video quality and production efficiency, particularly for high-definition content in the 5G era[37]. - The company is developing smart transportation solutions, utilizing video analysis for real-time monitoring and threat detection in urban transit systems[48]. - The company is focusing on the development of 8K AVS3 HDR Vivid encoding and decoding technology, which is the first of its kind to support HDR Vivid standards domestically and internationally[111]. Financial Stability and Investments - The company maintains a strong cash position with RMB 200 million in liquid assets, ensuring financial stability for future investments[1]. - The company has no plans for major acquisitions in the near term but is exploring strategic partnerships to enhance its market position[1]. - The company has established a strong presence in the smart transportation sector, providing intelligent video services and solutions for subway operations[137]. - The company invested ¥10 million for a 10% stake in Guangdong Bohua Ultra HD Innovation Center, aimed at advancing key technology research in the ultra HD field[154]. - The company has a total of ¥152.78 million in restricted assets, including cash and intangible assets, primarily due to guarantees for long-term loans[153]. Risks and Challenges - The management has identified potential risks related to supply chain disruptions but has implemented measures to mitigate these risks[1]. - The company faced significant revenue decline due to the impact of the pandemic on the security industry, leading to project cancellations and delays[22]. - The company anticipates intensified market competition in the video technology sector, which may affect its performance if it fails to innovate[140]. - The ongoing COVID-19 pandemic has posed challenges to customer demand and project delivery, potentially affecting sales progress[144]. - The company faces risks from insufficient technological innovation and commercialization, which could impact its competitive edge[139]. Corporate Governance and Compliance - The board of directors has confirmed that there are no significant changes in corporate governance or compliance issues during the reporting period[1]. - The company has not disclosed any major litigation or arbitration matters during the reporting period[192]. - There were no significant related party transactions reported during the period[192]. - The company committed to not transferring or entrusting the management of shares held prior to the public offering for 36 months from the date of listing[176]. - The company will ensure compliance with relevant regulations and rules regarding share transfers and reductions[178].

Financial Performance - The company's operating revenue for Q1 2022 was ¥68,025,462.96, representing a year-on-year increase of 10.16%[2] - The net profit attributable to shareholders was -¥14,991,442.72, with a basic and diluted earnings per share of -¥0.19[2] - The decline in net profit was primarily due to increased R&D investments in new products and industries[7] - Total operating revenue for Q1 2022 was CNY 68,025,462.96, an increase of 10.3% compared to CNY 61,750,472.22 in Q1 2021[18] - The net loss for Q1 2022 was CNY 14,991,442.72, compared to a net profit of CNY 1,442,686.38 in Q1 2021[20] - Basic and diluted earnings per share for Q1 2022 were both CNY -0.19, down from CNY 0.02 in Q1 2021[20] Research and Development - Research and development expenses totaled ¥25,132,554.16, accounting for 36.95% of operating revenue, an increase of 5.53 percentage points compared to the previous year[3] - R&D expenses increased to CNY 25,132,554.16 in Q1 2022, compared to CNY 19,400,787.37 in Q1 2021, reflecting a growth of 29.4%[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,890,406,609.50, reflecting a 5.21% increase from the end of the previous year[3] - Total liabilities for Q1 2022 were CNY 371,572,237.83, compared to CNY 264,721,698.74 in Q1 2021, representing a growth of 40.4%[16] - Non-current assets totaled CNY 536,279,877.17 in Q1 2022, up from CNY 315,398,029.18 in Q1 2021[16] Cash Flow - The company reported a net cash flow from operating activities of -¥93,222,534.37[2] - In Q1 2022, cash inflow from operating activities was $102,410,864.29, a significant increase from $49,202,854.05 in Q1 2021, representing a growth of approximately 108%[23] - Cash outflow from operating activities totaled $195,633,398.66 in Q1 2022, compared to $118,722,159.78 in Q1 2021, indicating an increase of about 65%[23] - The net cash flow from operating activities was -$93,222,534.37 in Q1 2022, worsening from -$69,519,305.73 in Q1 2021[23] - Cash inflow from investment activities was $102,793,796.95 in Q1 2022, down from $225,346,036.69 in Q1 2021, a decline of approximately 54%[24] - Cash outflow from investment activities reached $224,842,459.87 in Q1 2022, compared to $594,165,878.93 in Q1 2021, a decrease of about 62%[24] - The net cash flow from investment activities was -$122,048,662.92 in Q1 2022, an improvement from -$368,819,842.24 in Q1 2021[24] - Cash inflow from financing activities was $96,050,000.00 in Q1 2022, with cash outflow totaling $794,701.38, resulting in a net cash flow of $95,255,298.62[24] - The ending cash and cash equivalents balance was $494,773,627.28 in Q1 2022, compared to $375,980,370.55 in Q1 2021, reflecting an increase of approximately 31.5%[24] Shareholder Information - Total number of common shareholders at the end of the reporting period was 7,138[10] - The largest shareholder, Dalian Hongchang Enterprise Management Partnership, holds 12,596,340 shares, accounting for 15.68% of total shares[10] - The number of shares held by the top ten shareholders includes significant stakes from Dalian Hongtu and Dalian Hongshi, indicating concentrated ownership[11] - The company has not disclosed any related party transactions among its top shareholders[11] Other Financial Metrics - The weighted average return on net assets was -0.98%[2] - Non-recurring gains and losses amounted to ¥489,631.81, with government subsidies included[5] - The company did not audit the financial statements for this quarter[2] - Total current assets decreased to ¥1,354,126,732.33 from ¥1,481,436,637.07[14] - Long-term equity investments were reported at ¥10,000,001.00, with no previous figures available[14] - The company has ongoing construction projects valued at ¥205,436,590.10, up from ¥95,969,587.06[14] - Accounts receivable amounted to ¥339,687,674.80, a decrease from ¥357,843,605.42 in the previous period[14] - Inventory increased to ¥115,031,282.81 from ¥60,890,380.18, indicating a significant rise in stock levels[14]

Financial Performance - The net profit attributable to the parent company's shareholders for the year ended December 31, 2021, was CNY 61.35 million, with a legal surplus reserve of CNY 5.75 million, resulting in a distributable profit of CNY 245.45 million[5]. - The proposed cash dividend is CNY 2.50 per 10 shares (including tax), totaling CNY 20.08 million, which accounts for 32.73% of the net profit attributable to shareholders in the consolidated financial statements for 2021[5]. - The company's operating revenue for 2021 was CNY 418.20 million, an increase of 14.30% compared to CNY 365.89 million in 2020[19]. - The net profit attributable to shareholders for 2021 was CNY 61.35 million, a decrease of 40.34% from CNY 102.83 million in 2020[19]. - The net cash flow from operating activities for 2021 was negative CNY 45.20 million, a decline of 257.72% compared to CNY 28.66 million in 2020[19]. - The total assets at the end of 2021 were CNY 1.80 billion, an increase of 10.77% from CNY 1.62 billion at the end of 2020[19]. - The basic earnings per share for 2021 was CNY 0.77, down 40.31% from CNY 1.29 in 2020[20]. - The weighted average return on equity for 2021 was 4.11%, a decrease of 3.08 percentage points from 7.19% in 2020[20]. - The company received government subsidies amounting to CNY 8.77 million in 2021, compared to CNY 13.25 million in 2020[22]. Research and Development - Research and development expenses accounted for 21.75% of operating revenue in 2021, an increase of 4.83 percentage points from 16.92% in 2020[20]. - The company has increased R&D investment to support business development and product innovation, leading to a rise in expenses[28]. - In 2021, the company invested CNY 90.95 million in R&D, accounting for 21.75% of its revenue, with a year-on-year growth of 46.89%[45]. - The company applied for 78 invention patents and 70 software copyrights in 2021, bringing the total to 336 invention patents and 323 software copyrights by the end of the year[46]. - The company’s R&D team comprised 235 personnel by the end of 2021, making up 70.15% of its total workforce[45]. - The company achieved a total R&D investment of CNY 90,948,926.64 in 2021, representing 21.75% of its revenue, with a year-on-year growth of 46.89%[119]. - The company holds 92 authorized invention patents and 323 software copyrights, reflecting its strong commitment to innovation[131]. Market Strategy and Growth - The company plans to continue its focus on developing new technologies and products to enhance user experience in audiovisual technology[2]. - The company is committed to expanding its market presence and exploring potential mergers and acquisitions to drive growth[2]. - The company is focused on expanding its market presence through innovative video conferencing and communication technologies[114]. - The company aims to maintain existing clients while exploring new customer opportunities, improving product quality and service levels[185]. - The company is actively pursuing new product development in the fields of video surveillance and intelligent monitoring systems[114]. - The company aims to leverage its core technologies in the ultra-high-definition video industry to expand into various sectors, including media culture and public safety markets[182]. - The company recognizes the growing importance of video applications across industries, driven by the rapid adoption of 5G technology[183]. Governance and Compliance - The company has not faced any significant risks that could materially affect its operations during the reporting period[4]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[7]. - The company has not violated any decision-making procedures for providing guarantees to external parties[7]. - The company has not experienced any instances where more than half of the directors could not ensure the authenticity, accuracy, and completeness of the annual report[7]. - The board of directors held 11 meetings during the reporting period, addressing key issues such as stock incentive plans and fundraising[191]. - The supervisory board convened 9 meetings, ensuring oversight of major decisions and compliance with shareholder resolutions[192]. - The company adheres to strict information disclosure practices, ensuring transparency and fairness in communication with shareholders[195]. - The company has established a robust governance structure, including specialized committees to support effective decision-making[189]. Risks and Challenges - The company is facing risks related to market competition, with increasing pressure from both international giants and domestic competitors in the video technology sector[140]. - The company is actively responding to the impacts of the COVID-19 pandemic, which poses uncertainties for future business development and client project completion[146]. Product Development and Innovation - The company launched the "8K AVS3 HDR Vivid Encoder," which is compatible with the HDR Vivid standard, enhancing video quality significantly[29]. - The Arcvideo Live 8K Professional Decoder was introduced, targeting broadcasting and internet video sectors with low-latency and high-stability solutions[30]. - The company is involved in the "Hundred Cities, Thousand Screens" initiative, promoting 8K ultra-high-definition broadcasting across multiple cities[38]. - The company has developed a comprehensive application platform for social governance, enhancing grassroots governance through a grid-based model and integrating edge computing, video, AI, and big data technologies[42]. - The company’s AI super-resolution video enhancement system supports high-speed transcoding and multi-format compatibility, significantly improving content production efficiency for video operators[54]. - The company is one of the few in China with dual-engine technology in video encoding and visual AI, providing mature products and solutions for various industries[41]. - The company has developed next-generation ultra-high-definition video encoding and decoding technology, achieving 4K/8K HEVC and AVS2/AVS3 online streaming and offline encoding in broadcast-grade encoders[99]. Financial Health and Investments - The company completed investments in multiple firms, including a 3.5275% stake in Hangzhou Yufan Intelligent Technology Co., Ltd.[172]. - The company established several wholly-owned subsidiaries, including Guangdong Donghong Video Technology Co., Ltd., which has not yet commenced operations[172]. - The company plans to invest RMB 50 million in Shaoxing Yuexin Investment Partnership, holding a 5% share, and has already contributed RMB 30 million[177]. - The company intends to participate in establishing the CCTV Media Industry Investment Fund with a planned investment of RMB 100 million, representing 1% of the total fund size[177].

Financial Performance - The company's operating revenue for Q3 2021 was ¥50,485,242.74, a decrease of 16.54% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥13,367,305.10, reflecting a significant decline of 437.36% year-over-year[5]. - The net profit attributable to shareholders for the year-to-date period was ¥13,231,036.53, down 35.17% year-over-year[5]. - The net profit for Q3 2021 was CNY 13,231,036.53, a decrease of 35.4% compared to CNY 20,407,706.19 in the same period last year[26]. - The total profit for Q3 2021 was CNY 11,852,537.03, down from CNY 20,136,276.17 year-over-year, reflecting a decline of 41.2%[26]. - Operating profit for Q3 2021 was CNY 12,077,937.17, compared to CNY 20,466,575.56 in the previous year, indicating a decrease of 41.1%[26]. Research and Development - Research and development (R&D) expenses totaled ¥24,427,765.16 for the quarter, representing an increase of 76.09% compared to the previous year[6]. - R&D expenses accounted for 48.39% of operating revenue, an increase of 25.46 percentage points year-over-year[6]. - Research and development expenses for the first three quarters of 2021 amounted to RMB 66,335,304.16, significantly higher than RMB 36,464,525.24 in the previous year, indicating an increase of 81.9%[25]. - The company anticipates continued investment in new products and technologies, contributing to increased R&D expenditures[10]. Cash Flow and Assets - The company reported a cash flow from operating activities of -¥84,763,527.98 for the year-to-date period[6]. - The company's cash and cash equivalents as of September 30, 2021, were RMB 841,377,930.48, down from RMB 974,040,402.91 at the end of 2020, a decrease of 13.6%[21]. - Cash and cash equivalents at the end of Q3 2021 stood at CNY 590,288,477.58, down from CNY 606,509,802.25 at the end of Q3 2020[32]. - The total assets at the end of the quarter were ¥1,577,135,064.73, a decrease of 2.78% from the end of the previous year[6]. - The total assets of the company as of September 30, 2021, were RMB 1,577,135,064.73, a slight decrease from RMB 1,622,189,678.68 at the end of 2020, reflecting a decline of 2.8%[24]. - The total liabilities decreased to RMB 117,397,196.07 as of September 30, 2021, from RMB 148,838,846.55 at the end of 2020, indicating a reduction of 21.0%[23]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 5,828[13]. - The top three shareholders hold the following shares: Dalian Hongchang Enterprise Management Partnership (15.75%), Dalian Hongtu Enterprise Management Partnership (11.66%), and Dalian Hongshi Enterprise Management Partnership (11.40%)[13]. - The chairman and general manager, Sun Yanlong, has increased his shareholding in the company by acquiring 167,500 shares, representing 0.21% of the total shares, with a total investment of RMB 10,009,700[19]. - The company plans to continue its share buyback program within the specified timeframe, aiming to increase shareholder value[19]. - The company has not received any declarations regarding the existence of related relationships or concerted actions among its top shareholders[14]. Business Expansion and Projects - The company experienced increased sales expenses due to the expansion of its 5G edge computing products and video platform applications across multiple industries[10]. - The company has successfully applied its 5G edge computing products in public security and rail transit industries, with ongoing expansion into other sectors such as energy and finance[16]. - The company is participating in the "Hundred Cities, Thousand Screens" 8K ultra-high-definition video promotion project, involving 11 key cities[17]. - The company plans to invest 100 million RMB in the CCTV Media Industry Investment Fund, which has a total scale of 10 billion RMB[18]. - The first phase of the CCTV Industry Fund has a total subscription amount of 3.7125 billion RMB, with the company holding a 2.69% stake[18]. - The company is involved in the construction of the first 4K ultra-high-definition sports channel in the world, CCTV Olympic Channel[17]. - The company's 5G edge computing technology can reduce return transmission rates by 90% while maintaining video quality[16]. - The company is actively expanding its applications in various safety-related industries based on market demand[16].

Financial Performance - The company reported a revenue of RMB 100 million for the first half of 2021, representing a year-on-year increase of 25%[13] - The company achieved operating revenue of CNY 141,547,429.21 for the first half of the year, representing a year-on-year increase of 50.41%[18] - Net profit attributable to shareholders was CNY 26,598,341.63, up 61.74% compared to the same period last year[18] - The basic earnings per share increased to CNY 0.33, reflecting a growth of 57.14% year-on-year[19] - Future guidance indicates an expected revenue growth of 20% for the second half of 2021, driven by increased demand for streaming services[13] - The company reported a total revenue of 13,966 million RMB for the first half of 2021, with a net profit of 3,931.8 million RMB, representing a significant increase compared to the previous period[96] Research and Development - The company has allocated RMB 20 million for research and development in 2021, a 40% increase from the previous year[13] - The company's R&D investment accounted for 29.61% of operating revenue, an increase of 5.60 percentage points from the previous year[20] - R&D expenses totaled CNY 41.91 million, an increase of 85.50% compared to CNY 22.59 million in the previous year[87] - The number of R&D personnel increased to 217, representing a 24.00% growth from 175 in the previous year[87] - The R&D team is composed of 38 individuals with master's degrees or higher, representing 17.51% of the total R&D personnel[99] - The company applied for 20 new invention patents and 42 software copyrights during the reporting period, bringing the total to 288 invention patents applied for, with 71 granted[86] Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share by the end of 2022[13] - The company is focused on expanding its market presence in the internet video sector, collaborating with leading platforms like Tencent and Youku to enhance content quality and user engagement[50] - The company is actively pursuing market expansion through the development of new technologies and platforms for social governance and public safety[95] - The company is committed to expanding its R&D capabilities to maintain technological leadership in the industry[87] - The company is focusing on developing smart policing systems, integrating video surveillance and data analysis to enhance urban security management[95] Product Development and Innovation - New product development includes the launch of a next-generation video processing chip, expected to enhance processing speed by 30% compared to the previous model[13] - The company has developed a comprehensive public safety solution leveraging 5G mobile video and big data analysis, enhancing automatic risk identification and predictive capabilities[34] - The company has launched the first domestically produced 4K broadcast-grade encoding equipment and is the only vendor to commercialize 8K AVS3 50P live encoding at the Central Radio and Television Station[48] - The company’s next-generation ultra-high-definition video encoding technology supports 4K/8K HEVC, AVS2, and AVS3 online and offline encoding, with ongoing development for VVC support[73] - The company has developed a new video quality enhancement technology that includes AI-based noise reduction and HDR processing, improving user experience[84] Financial Position and Investments - The total assets decreased by 2.55% to CNY 1,580,781,369.56 compared to the end of the previous year[18] - The company reported a net cash flow from operating activities of -CNY 67,341,105.12, which is consistent with the previous year[18] - Accounts receivable increased by 22.62% to 307.49 million yuan, primarily due to increased sales[126] - The company's cash and cash equivalents decreased by 24.53% to 735.09 million yuan, mainly due to investments in financial products[126] - The company has committed 50 million yuan to invest in Shaoxing Yuexin Investment Partnership, representing a 5% subscription ratio[134] Corporate Governance and Compliance - The company emphasizes its commitment to corporate governance and transparency, with all board members present at the meeting to ensure accountability[13] - The company has received 71 invention patents and 295 software copyrights by June 30, 2021, highlighting its strong focus on innovation and technology development[102] - The company will ensure compliance with the profit distribution policy as outlined in its articles of association following its IPO on the Sci-Tech Innovation Board[158] - The company has committed to strengthening investor returns and ensuring that stock repurchases do not harm its debt repayment ability and ongoing operations[156] - The company will actively communicate and compensate investors for measurable economic losses resulting from any identified violations[160] Risks and Challenges - The company has identified potential risks related to supply chain disruptions, particularly in semiconductor availability, and is implementing mitigation strategies[13] - The company faces risks related to technological innovation, market competition, and fluctuations in raw material prices[116][117][118] - The company is committed to addressing the challenges of live broadcasting in various scenarios, including fast-paced sports events and multi-target broadcasts[93]

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]