Financial Performance - The company's operating revenue for 2022 was CNY 386,953,244.20, a decrease of 13.92% compared to 2021[23]. - The net profit attributable to shareholders for 2022 was CNY 70,349,923.33, down 32.97% year-on-year[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 62,164,029.99, a decrease of 12.43% from the previous year[23]. - The cash flow from operating activities for 2022 was CNY 57,864,523.78, an increase of 50.15% compared to 2021[23]. - The company's total assets at the end of 2022 were CNY 902,086,056.50, reflecting a 4.20% increase from the end of 2021[23]. - The net assets attributable to shareholders at the end of 2022 were CNY 821,440,478.04, up 10.02% from the previous year[23]. - The basic earnings per share for 2022 were CNY 1.34, a decrease of 33.00% compared to 2021[24]. - The gross profit margin for the year was 48.08%, an increase of 2.83 percentage points from the previous year[141]. - The company achieved operating revenue of 386.95 million yuan, a decrease of 13.92% compared to the previous year[138]. - The net profit attributable to the parent company was 70.35 million yuan, down 32.97% year-on-year[138]. Dividend and Capital Structure - The company plans to distribute a cash dividend of 1.4 yuan per 10 shares, totaling approximately 7,360,152.24 yuan, which accounts for 10.46% of the net profit attributable to shareholders for 2022[5]. - The company intends to increase its total share capital by 21,029,006 shares through a capital reserve conversion, raising the total share capital to 73,601,522 shares[5]. Audit and Compliance - The company has received a standard unqualified audit report from the accounting firm Xin Yong Zhong He[5]. - The company has confirmed that all board members attended the board meeting, ensuring governance compliance[5]. - The company has not violated any decision-making procedures in providing guarantees[9]. - The company’s financial report has been confirmed as true, accurate, and complete by its responsible personnel[5]. Research and Development - The R&D expenditure as a percentage of operating revenue increased to 14.34%, up 3.41 percentage points from 2021[24]. - R&D investment reached 55.48 million yuan, an increase of 12.92% year-on-year, representing 14.34% of total revenue[39]. - The company launched new products including the IR202 industrial router and AI smart vending system, enhancing its product portfolio[39]. - The company emphasizes continuous R&D in core technologies such as sensing and control, industrial communication, cloud computing, and artificial intelligence, maintaining a competitive edge in these areas[91]. - The company filed for 33 new patents during the reporting period, with 28 patents granted, reflecting its commitment to innovation[105]. Market and Business Strategy - The company focuses on five major business segments: industrial and building IoT, digital energy, smart commerce, enterprise networks, and vehicle transportation[41]. - The company plans to expand into new digital energy markets and has established a market direction for smart low-voltage distribution solutions[41]. - The company is focusing on digital marketing strategies, utilizing online platforms for brand promotion and product introduction, thereby expanding its market presence[42]. - The company is optimizing its sales model by enhancing its online and offline dual-channel approach, which has led to an increase in e-commerce revenue contribution[43]. - The company is committed to enhancing its digitalization and globalization efforts, aiming to improve operational efficiency and market competitiveness[186]. Risks and Challenges - The company has outlined various operational risks and corresponding mitigation measures in the report[4]. - The company faces risks related to rapid technological updates and potential talent loss, which could impact its core competitiveness[124]. - The company is exposed to risks from raw material price fluctuations, which could affect production costs and profitability[128]. - The company faced risks related to raw material supply, particularly chips, due to ongoing U.S.-China trade tensions[129]. Awards and Recognition - The company received several awards for its products, including an honorable mention for the IG502 edge computing gateway at the Engineers' Choice Awards[39]. - The company has received multiple awards for its IWOS product, including the second prize for technological progress from Guangdong Power Grid in 2015 and the second prize for scientific and technological progress from State Grid Corporation in 2019[85]. - The company has received multiple awards for its innovative technologies, including the 2019 Beijing Science and Technology Award and the 2020 North China Good Design Award[86]. Global Presence and Market Reach - In 2022, overseas market revenue reached 141.1985 million yuan, accounting for 36.75% of total revenue, with a year-on-year decline of 4.41%. Excluding the non-consolidation of Yisuo Intelligent, actual overseas revenue grew by 28.88%[44]. - The company has established a strong market presence in the industrial IoT sector, with a focus on smart power, smart manufacturing, smart retail, and smart cities[83]. - The company has established a global marketing network, with sales departments covering major developed countries, enhancing its market influence[121]. Production and Operations - The factory in Jiaxing, Zhejiang, covers an area of 17,898 square meters and is equipped with advanced production lines, enhancing production capacity and quality control[120]. - The company has established a diversified supply chain system to mitigate risks from international political and economic conflicts, including setting up factories in various countries[194]. Talent and Human Resources - The company has established a talent development program, providing training and support to enhance employee engagement and performance[46]. - The number of R&D personnel increased by 30% to 178, representing 43.73% of the total workforce, compared to 37.53% in the previous year[115]. - The company is committed to building a talent pipeline through competitive compensation and stock incentive policies to attract experienced professionals[198].

Group 1: Sales and Market Expansion - The company has established overseas sales channels through a combination of online and offline methods, with increasing contributions to sales revenue [1] - In 2021, the intelligent distribution network monitoring system product achieved revenue of 98.72 million yuan, a year-on-year increase of 19.16% [2] - The company has set up subsidiaries in the U.S. and Europe, completing initial market layouts for major overseas clients [1] Group 2: Product Performance and Market Penetration - The main overseas products are industrial IoT communication products, including wireless routers and edge computing gateways [3] - The intelligent vending system product is experiencing normal growth, with expected revenue increases in the second half of the year due to seasonal factors [2] - The company’s industrial IoT communication products have a gross margin of 48.88%, while the intelligent distribution network monitoring system has a gross margin of 38.34% [3] Group 3: Challenges and Future Outlook - The company faces project delays due to the pandemic, impacting the rollout of intelligent vending machines [3] - Despite challenges, the overall project reserve situation is positive, with significant growth potential in the overseas market [2] - The company is actively developing new products in the digital energy sector, including real-time energy management systems and solar photovoltaic digital solutions [4]

北京映翰通网络技术股份有限公司 投资者关系活动记录表 编号：2022-005 | --- | --- | --- | |-----------------------|----------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

2022 年第三季度报告 证券代码：688080 证券简称：映翰通 北京映翰通网络技术股份有限公司 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 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 | 年初至报告期 末比上年同期 | | --- | --- | --- | --- | --- | | | | 期增减变 | | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 | 86,470,120.03 | -38.26 | 285,430,198.13 | -15.5 ...

Financial Performance - The company reported a total revenue of 100 million RMB for the first half of 2022, representing a year-on-year increase of 15%[13] - The net profit attributable to shareholders was 20 million RMB, up 10% compared to the same period last year[13] - The company's operating revenue for the first half of 2022 was ¥198,960,078.10, a slight increase of 0.51% compared to ¥197,949,925.34 in the same period last year[20] - The net profit attributable to shareholders was ¥38,151,094.29, representing a year-on-year increase of 13.25% from ¥33,687,416.98[20] - The net cash flow from operating activities increased significantly by 183.90%, reaching ¥5,923,960.45 compared to ¥2,086,617.04 in the previous year[20] - The company's total assets at the end of the reporting period were ¥899,787,218.79, up 3.94% from ¥865,694,585.66 at the end of the previous year[20] - Basic earnings per share rose to ¥0.73, a 14.06% increase from ¥0.64 in the same period last year[21] - The company's net profit margin improved, with retained earnings increasing by 11.34% to RMB 302,416,121.50, compared to RMB 271,605,057.25 in the previous year[129] - The company reported a net profit margin of 12%, which is an improvement from 10% in the previous year[150] Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 30% market share by the end of 2023[13] - Future guidance indicates a projected revenue growth of 20% for the full year 2022, aiming for 120 million RMB[13] - The company aims to deepen its focus on industrial IoT, digital energy, and smart business sectors, driving future growth[102] - Market expansion plans include entering three new international markets by Q4 2022, which is expected to increase overall market share by 15%[150] - The company established a global marketing network with subsidiaries in the US, Canada, and Germany, enhancing its international presence[92] Research and Development - The company has allocated 15 million RMB for research and development in the second half of 2022, focusing on IoT technologies[13] - The company's R&D expenditure accounted for 12.45% of operating revenue, an increase from 10.50% in the previous year[21] - The company is investing 200 million in research and development for new technologies aimed at enhancing user experience[150] - The company has established two R&D centers in Beijing and Chengdu, with a third center in Jiaxing under construction, to enhance its technological capabilities[85] - The company has 166 R&D personnel, representing 42.13% of the total workforce, an increase from 35.60% in the previous year, with total R&D personnel compensation amounting to 1,660.11 million RMB[84] Product Development and Innovation - New product development includes the launch of an advanced distribution AI algorithm, expected to enhance operational efficiency by 20%[12] - The company launched a new version of its SaaS-based vending machine operation management platform, supporting digital RMB and enhancing various operational features[64] - The company has released multiple new industrial router products, covering a broader application market, including IoT and commercial applications[65] - The company has developed core technologies in its main business products, including the INOS network operating system and edge computing technology, achieving industry-leading levels in certain applications[87] - The company has improved its proprietary INOS operating system, adding support for 5G networks, maintaining its industry-leading position[63] Risks and Challenges - The management highlighted potential risks related to supply chain disruptions, which could impact production timelines[4] - The company faces risks from macroeconomic uncertainties due to the ongoing impact of the COVID-19 pandemic and geopolitical conflicts[107] - The rapid development of the IoT industry and the need for continuous innovation pose risks related to technology updates and personnel retention[110][111] - The company is exposed to raw material procurement risks, particularly concerning the supply and price volatility of key components like chips[115][116] - The fluctuation of exchange rates poses a financial risk as the company expands its overseas business and engages in multi-currency transactions[119] Corporate Governance and Compliance - The company has not faced any administrative penalties due to environmental issues and complies with environmental protection laws[141] - The company guarantees that there are no undisclosed related party transactions beyond those already disclosed according to regulations[153] - The company has committed to fair and transparent principles in any unavoidable related party transactions[157] - The company has not provided any guarantees that violate regulations during the reporting period[158] - The company will ensure compliance with information disclosure obligations regarding related party transactions[157] Shareholder Information - The company reported a lock-up period of 36 months for major shareholders, during which they cannot transfer or delegate management of their shares[146] - Major shareholders are restricted from selling their shares for 12 months post-IPO, with an automatic extension of 6 months if the stock price falls below the IPO price for 20 consecutive trading days[146] - The top shareholder, Li Ming, holds 10,469,870 shares, representing 19.97% of the total shares[185] - Li Hongyu, the second-largest shareholder, owns 4,139,130 shares, accounting for 7.89%[185] - The total number of ordinary shareholders as of the end of the reporting period was 5,402[183]

Financial Performance - The company reported that it has not achieved profitability since its listing [4]. - The company achieved operating revenue of CNY 449,539,752.31 in 2021, representing a 44.63% increase compared to the previous year [18]. - Net profit attributable to shareholders reached CNY 104,948,778.41, a significant increase of 159.65% year-on-year [18]. - The net profit after deducting non-recurring gains and losses was CNY 70,987,238.45, up 119.73% from the previous year [18]. - Basic earnings per share were CNY 2.00, reflecting a 150.00% increase compared to CNY 0.80 in 2020 [20]. - The weighted average return on equity increased to 15.05%, up from 6.95% in the previous year [20]. - The company's net assets attributable to shareholders increased by 14.81% to CNY 746,594,840.62 at the end of 2021 [18]. - The net cash flow from operating activities was CNY 38,537,423.06, down 44.53% from the previous year [18]. - The company achieved a significant increase in net profit after deducting non-recurring gains, reaching 70.99 million yuan, a year-on-year growth of 119.73% [30]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 1.4 per 10 shares, totaling RMB 7,340,030.04, which represents 10.34% of the net profit attributable to shareholders after deducting non-recurring gains and losses [5]. - The total number of shares for the dividend distribution is based on 52,428,786 shares [5]. - The independent directors have expressed their independent opinions on the profit distribution plan, which requires approval at the annual general meeting [5]. Research and Development - Research and development expenses accounted for 10.93% of operating revenue, a decrease of 1.66 percentage points from the previous year [20]. - The total R&D investment for the year reached ¥49,136,798.14, an increase of 25.57% compared to the previous year [96]. - R&D investment accounted for 10.93% of operating revenue, down from 12.59% in the previous year, indicating a decrease of 1.66 percentage points [96]. - The company has developed core technologies such as the INOS network operating system and edge computing technology, which are now implemented in its main business products [109]. - The company emphasizes continuous R&D in core technologies such as industrial communication and cloud computing, maintaining a competitive edge in the market [81]. Market and Industry Trends - The global industrial IoT market is projected to grow from approximately $64 billion in 2018 to over $90 billion by 2023, with a CAGR of 7.39% [51]. - The number of connected industrial IoT devices is expected to increase from 2.4 billion in 2016 to 13.8 billion by 2025, a fivefold increase [52]. - The smart city initiative is leveraging new information technologies to improve urban management and enhance citizens' quality of life, with a wide range of application scenarios [66]. - The industrial Internet is expected to accelerate the transformation of traditional industries, supported by national strategies and policies promoting smart manufacturing [65]. Operational Risks and Challenges - The company has detailed various operational risks and corresponding countermeasures in the report [4]. - The company faces risks related to rapid technological updates and high personnel turnover in the IoT industry, which could impact future operations [120][121]. - The company is exposed to raw material procurement risks, particularly concerning the supply and price volatility of key components like chips [125][126]. - The competitive landscape in the IoT industry is intensifying, which may adversely affect product pricing, gross margins, and market share [124]. - The ongoing global economic uncertainties, including the impact of the COVID-19 pandemic and geopolitical tensions, pose risks to the company's operations [131]. Product Development and Innovation - The company launched new SaaS services, enhancing its digital and intelligent product offerings [34]. - The company expanded its product line to meet diverse industrial IoT application scenarios, including industrial-grade LTE routers and AIoT computing platforms [33]. - The company has launched multiple new products in the industrial router product line, including 5G-enabled models, to meet diverse market demands [86]. - The company has developed a proprietary operating system, INOS, which now supports 5G networks, maintaining its industry-leading position [84]. - The company is developing intelligent edge computing gateways for industrial internet scenarios, with a focus on supporting various industrial data collection protocols and communication technologies [100]. Corporate Governance and Compliance - The company has not faced any non-operating fund occupation by controlling shareholders or related parties [7]. - There are no violations of decision-making procedures regarding external guarantees [7]. - The company has not disclosed any special arrangements for corporate governance [7]. - The report includes a standard unqualified audit opinion from the accounting firm Xin Yong Zhong He [5]. Marketing and Sales Strategy - The digital marketing system was strengthened, enhancing brand image and efficiency through online promotions and events [36]. - The company is focusing on digital marketing strategies to create efficient online and offline touchpoints, enhancing user engagement and data collection [191]. - The company is enhancing its e-commerce platforms to reduce costs and improve efficiency, aiming to increase brand visibility and create more business opportunities [193]. - Approximately 30% of the company's total sales revenue comes from overseas markets, indicating significant potential for global expansion [195]. Financial Position and Assets - Cash and cash equivalents at the end of the period amounted to 494.65 million, accounting for 57.14% of total assets, an increase of 4.53% compared to the previous period [169]. - Accounts receivable increased to 130.87 million, representing 15.12% of total assets, with a growth of 15.71% due to increased sales revenue [169]. - Inventory rose significantly by 70.85% to 104.97 million, accounting for 12.13% of total assets, primarily due to supply chain constraints and increased stockpiling of key materials [169]. - The company's long-term equity investments reached 24.45 million, a substantial increase of 3,923.91% due to the dilution of equity in a subsidiary [169].

Dividend Distribution - The company plans to distribute a cash dividend of RMB 1.4 per 10 shares, totaling RMB 7,340,030.04, which represents 10.34% of the net profit attributable to shareholders after deducting non-recurring gains and losses for 2021[5]. - The total number of shares for the dividend distribution is based on 52,428,786 shares, with the dividend proposal pending approval at the annual shareholders' meeting[5]. Financial Performance - The company achieved operating revenue of CNY 449.54 million in 2021, representing a year-on-year growth of 44.63%[20]. - Net profit attributable to shareholders reached CNY 104.95 million, a significant increase of 159.65% compared to the previous year[20]. - The net profit after deducting non-recurring gains and losses was CNY 70.99 million, up 119.73% year-on-year[20]. - Basic earnings per share were CNY 2.00, reflecting a 150.00% increase from CNY 0.80 in 2020[20]. - The weighted average return on equity rose to 15.05%, an increase of 8.10 percentage points from the previous year[20]. - The net cash flow from operating activities was CNY 38.54 million, down 44.53% from the previous year[20]. - The company's net assets attributable to shareholders increased by 14.81% to CNY 746.59 million at the end of 2021[18]. Operational Risks and Governance - The company has outlined various operational risks and corresponding countermeasures in the report[4]. - The company has not reported any non-operating fund occupation by controlling shareholders or their affiliates[7]. - The company has not violated any decision-making procedures for external guarantees[7]. - The company has confirmed that all board members attended the board meeting, ensuring governance compliance[5]. - The company has not disclosed any special arrangements for corporate governance[7]. Research and Development - Research and development expenses accounted for 10.93% of operating revenue, a decrease of 1.66 percentage points compared to 2020[20]. - Research and development investment amounted to 49.14 million yuan, a 25.57% increase, representing 10.93% of total revenue[31]. - The total R&D investment for the year reached ¥49,136,798.14, an increase of 25.57% compared to the previous year[96]. - R&D investment accounted for 10.93% of operating revenue, down from 12.59% in the previous year, indicating a decrease of 1.66 percentage points[96]. - The number of R&D personnel decreased from 149 to 137, representing a reduction in the proportion of R&D staff from 42.21% to 37.53% of the total workforce[105]. - Total compensation for R&D personnel increased to 3,317.20 million, up from 2,667.34 million, with the average salary rising from 19.71 to 23.04 million[105]. - The company has established four R&D departments focusing on various smart systems, with a mature and innovative team that has accumulated extensive industry experience[107]. Market and Product Development - The company launched new SaaS services, enhancing its digital and intelligent product offerings[34]. - The company expanded its product line to meet diverse industrial IoT application scenarios, including industrial-grade LTE routers and AIoT computing platforms[33]. - The company has launched multiple new products in the industrial router product line, including 5G models, to meet diverse market demands[86]. - The company introduced the "InHand Cloud Managed Networking" solution, combining edge routers with cloud services for global customers[86]. - The company has developed core technologies in industrial IoT, including the INOS network operating system and edge computing technology, achieving industry-leading standards in certain areas[109]. Strategic Focus and Future Plans - The company aims to enhance its digitalization and globalization strategies to improve operational efficiency and market competitiveness[186]. - The company plans to increase R&D investment to maintain technological leadership and accelerate product iteration to meet market demands[190]. - The company is focusing on five major business segments: industrial IoT, digital energy, smart commerce, enterprise networks, and transportation, all of which have significant growth potential[185]. - The company is committed to expanding its overseas market presence and developing products tailored to global demands[188]. - The company’s strategic goal is to become a leader in the industrial IoT sector by promoting its "cloud + edge" IoT solutions[184]. Challenges and Risks - The company faces risks related to rapid technological updates and high personnel turnover in the IoT industry, which could impact future operations[120][121]. - The company is exposed to raw material procurement risks, particularly in the context of fluctuating prices and supply chain disruptions due to geopolitical tensions and the COVID-19 pandemic[125][126]. - The competitive landscape in the IoT industry is intensifying, which may adversely affect product pricing, gross margins, and market share[124]. - The company must continuously innovate and develop new technologies to maintain its competitive edge and meet diverse customer demands[121]. Marketing and Sales Strategy - The company emphasizes digital marketing strategies, utilizing e-commerce platforms and online promotional activities to reach a broader audience[117]. - The company is focusing on digital marketing strategies to create efficient online and offline touchpoints, enhancing user data acquisition and management[191]. - The sales strategy is being optimized to expand market share, with a focus on building partnerships with domestic and international giants and industry agents[192]. - Approximately 30% of the company's sales revenue comes from overseas markets, indicating significant potential for global expansion[195].

Financial Performance - The company's operating revenue for Q1 2022 was ¥61,302,233.29, representing a year-on-year increase of 15.32%[5] - The net profit attributable to shareholders decreased by 20.11% to ¥1,965,260.99, primarily due to increased equity payment expenses[6] - The net cash flow from operating activities was negative at -¥2,450,434.46, a decline of 135.94% compared to the previous year[5] - Total operating revenue for Q1 2022 was CNY 61,302,233.29, an increase of 15.4% compared to CNY 53,156,984.89 in Q1 2021[20] - Net profit for Q1 2022 was CNY 1,976,912.96, a decrease of 37.2% from CNY 3,155,119.75 in Q1 2021[21] - Earnings per share for Q1 2022 were CNY 0.0375, down from CNY 0.0469 in Q1 2021, representing a decline of 20.8%[22] - The company reported a decrease in comprehensive income for Q1 2022, totaling CNY 1,795,791.78 compared to CNY 3,417,020.06 in Q1 2021[22] Cash Flow - The net cash flow from operating activities was -$2,450,434.46, a decrease from $6,817,283.42 in the previous year[25] - Total cash outflow from operating activities amounted to $86,116,283.84, compared to $76,317,805.05 in the prior year[25] - Cash inflow from investment activities was $276,519,194.94, up from $186,513,843.35 year-over-year[25] - The net cash flow from investment activities was -$304,232,628.48, worsening from -$261,418,509.60 in the previous year[25] - Cash inflow from financing activities totaled $16,182,498.93, with a net cash flow of $15,316,319.85 after outflows[26] - The impact of exchange rate changes on cash and cash equivalents was -$536,058.90, compared to a positive impact of $901,892.20 in the previous year[26] - The net increase in cash and cash equivalents was -$291,902,801.99, compared to -$253,699,333.98 in the prior year[26] - The ending balance of cash and cash equivalents was $182,211,620.31, down from $218,622,710.58 year-over-year[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥837,597,899.38, down 3.25% from the end of the previous year[6] - Total current assets decreased to ¥737,246,826.47 from ¥766,204,018.67 year-over-year[18] - The total assets of the company as of March 31, 2022, are ¥837,597,899.38, compared to ¥865,694,585.66 at the end of 2021[18] - The company's long-term equity investments are valued at ¥24,440,325.99, slightly down from ¥24,445,338.90[18] - The total liabilities include accounts payable of ¥47,217,079.86, which increased from ¥45,730,948.05[18] - Total liabilities as of Q1 2022 were CNY 86,118,779.88, down from CNY 118,392,006.49 in the previous year[20] - Total equity attributable to shareholders was CNY 750,759,728.98, an increase from CNY 746,594,840.62 in Q1 2021[20] Research and Development - Research and development expenses totaled ¥11,236,891.70, accounting for 18.33% of operating revenue, a decrease of 1.02 percentage points year-on-year[6] - Research and development expenses for Q1 2022 totaled CNY 11,236,891.70, compared to CNY 10,283,954.62 in Q1 2021, indicating an increase of 9.3%[20] Shareholder Information - Total number of common shareholders at the end of the reporting period is 5,272[13] - The largest shareholder, Li Ming, holds 10,469,870 shares, accounting for 19.97% of total shares[13] Other Financial Metrics - The weighted average return on equity was 0.26%, a decrease of 0.12 percentage points[6] - Cash and cash equivalents decreased by 62.33%, mainly due to idle funds being used to purchase financial products[10] - Accounts receivable decreased by 26.24% as a result of strengthened collection efforts during the period[10] - The company experienced a 58.95% increase in prepayments, primarily due to increased payments to suppliers[10] - The company reported a significant increase in investment income by 221.46%, attributed to higher returns from financial products[10] - The company has no short-term borrowings reported as of the latest financial statement[18] - The total non-current assets increased to ¥100,351,072.91 from ¥99,490,566.99[18] - The company has no significant new product launches or technological developments reported in the current quarter[16]

Financial Performance - The company's operating revenue for Q3 2021 was ¥140,057,268.78, representing an increase of 89.27% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2021 was ¥58,222,939.27, a significant increase of 425.05% year-over-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥32,383,340.12, up 338.47% from the previous year[5]. - The net profit attributable to shareholders for the year-to-date period was ¥91,910,356.25, an increase of 172.18% compared to the same period last year[5]. - The net profit for Q3 2021 was CNY 95,653,159.47, a significant increase from CNY 33,802,575.05 in Q3 2020, representing a growth of approximately 183%[28]. - Operating profit for Q3 2021 reached CNY 104,870,982.22, compared to CNY 38,300,514.43 in the same period last year, indicating an increase of about 174%[28]. - The company reported a total comprehensive income of CNY 95,645,325.80 for Q3 2021, compared to CNY 32,695,666.87 in Q3 2020, marking an increase of approximately 192%[29]. - Basic and diluted earnings per share for Q3 2021 were both CNY 1.75, compared to CNY 0.68 in Q3 2020, representing an increase of approximately 157%[29]. Assets and Liabilities - The total assets at the end of Q3 2021 reached ¥882,571,751.33, reflecting an 18.61% increase compared to the end of the previous year[6]. - As of September 30, 2021, total assets amounted to CNY 882,571,751.33, an increase from CNY 744,090,216.86 at the end of 2020, representing a growth of approximately 18.66%[21]. - Total current liabilities rose to CNY 146,858,935.17, compared to CNY 91,594,909.36 in the previous year, indicating a growth of about 60.38%[24]. - The company's equity attributable to shareholders increased to CNY 727,640,826.41 from CNY 650,276,111.21, marking an increase of approximately 11.88%[24]. - Total liabilities reached 91,994,909.36, a decrease of 5,448,917.21 from the previous period[36]. Cash Flow and Investments - The net cash flow from operating activities for the year-to-date period was ¥15,261,023.71, down 57.11% compared to the previous year[6]. - The cash flow from operating activities for Q3 2021 was CNY 15,261,023.71, down from CNY 35,579,936.63 in Q3 2020, showing a decrease of about 57%[31]. - The net cash flow from investing activities for Q3 2021 was -CNY 202,843,902.40, an improvement from -CNY 252,083,071.40 in Q3 2020[32]. - Cash and cash equivalents as of September 30, 2021, were CNY 267,957,994.77, down from CNY 473,210,233.93 at the end of 2020[21]. - The total cash and cash equivalents at the end of Q3 2021 were CNY 253,375,893.29, compared to CNY 207,556,224.37 at the end of Q3 2020, indicating an increase of about 22%[32]. Shareholder Information - The company plans to grant 597,000 restricted stocks under the 2021 incentive plan, accounting for approximately 1.14% of the total share capital of 52,428,786 shares[17]. - The initial grant of 480,600 shares represents about 0.92% of the total share capital, with 80.50% of the total grant allocated for the initial grant[17]. - The company has 110 employees eligible for the initial grant, which is about 31.16% of the total workforce of 353 employees as of December 31, 2020[17]. - The company’s major shareholders include Li Ming with 10,469,870 shares (19.97%) and Li Hongyu with 4,139,130 shares (7.89%)[14]. - The top ten shareholders hold a significant portion of the company’s shares, with the largest non-restricted shareholder holding 3,788,133 shares[15]. - The company has no reported related party transactions among the top ten shareholders[16]. - The company has not engaged in margin financing or securities lending activities among the top ten shareholders[16]. - The company’s stock price for the initial grant was set at RMB 23.56 per share[17]. Operational Metrics - Research and development expenses totaled ¥11,270,432.72 for Q3 2021, accounting for 8.05% of operating revenue, a decrease of 5.03 percentage points year-over-year[6]. - The weighted average return on equity for Q3 2021 was 8.33%, an increase of 1.73 percentage points year-over-year[6]. - The company's total revenue for the first three quarters of 2021 reached CNY 338,007,194.12, up 61.54% from CNY 209,191,655.42 in the same period of 2020[27]. - Operating costs for the first three quarters of 2021 were CNY 270,511,210.93, an increase of 50.43% compared to CNY 179,856,945.09 in 2020[27]. - The net investment income for the first three quarters of 2021 was CNY 29,454,769.28, significantly higher than CNY 3,258,991.19 in the previous year[27]. Changes in Subsidiaries - The company completed the registration change for its subsidiary, reducing its stake from 51% to 28.33%, transitioning from a controlling to an associate company[19]. - The company’s subsidiary, Foshan Yisuo Intelligent Technology Co., Ltd., increased its registered capital from RMB 3.5 million to RMB 6.3 million through a capital increase of RMB 40 million[18]. - The company has waived its preemptive rights for the capital increase in its subsidiary[18].

Financial Performance - The company reported a total revenue of 500 million RMB for the first half of 2021, representing a year-on-year increase of 20%[13]. - The company's revenue for the first half of 2021 reached ¥197,949,925.34, representing a 46.42% increase compared to ¥135,192,653.43 in the same period last year[19]. - Net profit attributable to shareholders was ¥33,687,416.98, up 48.54% from ¥22,678,975.39 year-on-year[19]. - The gross profit margin for the first half of 2021 was reported at 40%, an increase from 35% in the same period last year[13]. - Basic earnings per share rose to ¥0.64, a 36.17% increase from ¥0.47 in the same period last year[20]. - The company achieved a total operating revenue of 197.95 million yuan, representing a year-on-year growth of 46.42%[89]. - The net profit attributable to shareholders reached 33.69 million yuan, with a year-on-year increase of 48.54%[111]. - The company reported a significant increase in revenue from smart vending control systems, which grew by 231.60% year-on-year[89]. User Growth and Market Expansion - User data indicates a growth in active users by 15%, reaching 1.2 million users by June 30, 2021[13]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2022[13]. - The company plans to continue developing vertical application solutions in the industrial IoT sector to enhance overall competitiveness[81]. - Market expansion plans include entering three new countries by Q3 2022, targeting a potential market of 5 million users[146]. - The overseas market sales revenue accounted for 37.37% of total sales, with a year-on-year growth of 43.98%[97]. Research and Development - The company has invested 50 million RMB in R&D for new technologies, focusing on edge computing and industrial IoT applications[13]. - The company's R&D expenditure accounted for 10.50% of its revenue, slightly down from 10.90% in the previous year[21]. - Total R&D investment reached ¥20,778,463.74, a 40.96% increase from the previous period, accounting for 10.50% of operating revenue[66][67]. - The company employs a dual R&D model: demand-driven R&D to quickly meet customer needs and forward-looking R&D based on industry research and market demand[30]. - The company has developed a proprietary operating system, INOS, for industrial IoT communication products, enhancing support for 5G networks and maintaining industry leadership[54]. Product Development and Innovation - New product development includes the launch of an advanced distribution artificial intelligence algorithm, aimed at enhancing monitoring and fault location in power distribution networks[11]. - The company launched multiple new models of wireless routers supporting 5G, achieving mass production during the reporting period[57]. - The smart vending machine management cloud platform, InVending, released a new version supporting digital RMB payments and introduced AI product recognition capabilities[59]. - The company has iteratively improved its AI-based distribution network analysis engine, ADAIA, enhancing algorithm performance and maintaining industry-leading status[55]. - The company is developing a remote monitoring system for smart tanks, which includes features for remote management and monitoring of liquid levels, temperature, and pressure[60][71]. Strategic Acquisitions and Partnerships - A strategic acquisition of a local tech firm is planned to enhance the company's capabilities in IoT solutions, expected to be finalized by Q4 2021[13]. - The company has established partnerships with three major telecom operators to enhance its service offerings and expand its customer base[13]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 200 million allocated for this purpose[145]. - A new strategic partnership has been established with a leading tech firm to co-develop innovative solutions, expected to launch in Q3 2021[151]. Operational Challenges and Risks - The net cash flow from operating activities decreased by 60.15%, amounting to ¥2,086,617.04, compared to ¥5,236,355.78 in the previous year[19]. - The company faces risks from global economic uncertainties, including the impact of the COVID-19 pandemic and geopolitical tensions[98]. - The company is experiencing challenges related to raw material procurement, particularly in the semiconductor sector, due to supply chain disruptions[108]. - Operating costs increased mainly due to revenue growth and adjustments related to new revenue standards, with transportation and testing fees now reported under operating costs[115]. Compliance and Governance - No non-operational fund occupation by controlling shareholders was reported, ensuring financial integrity[7]. - The company has not disclosed any significant changes in its environmental impact or compliance with environmental regulations during the reporting period[135]. - The company has not reported any administrative penalties related to environmental issues, indicating compliance with relevant laws and regulations[135]. - The company is committed to maintaining transparency in its financial dealings and ensuring compliance with regulatory standards[151]. Future Outlook - The company has projected a revenue growth of 25% for the second half of 2021, aiming for a total annual revenue of 1.2 billion RMB[13]. - The company provided guidance for the next quarter, expecting revenue to grow by 25% to 1.875 billion[151]. - New product launches are expected to contribute an additional 300 million in revenue over the next six months[146]. - The company aims to reduce operational costs by 10% through efficiency improvements in the supply chain[145].