证券代码：688081 证券简称：兴图新科 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。 武汉兴图新科电子股份有限公司 2022 年第三季度报告 第三季度财务报表是否经审计 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 | | | 本报告期比 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同期增 | 年初至报告期 | 末比上年同期 | | | | 减变动幅度 | 末 | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 20,121,196.07 | 133.02 | 63,354,705.74 | -24.13 | | 归 ...

Financial Performance - The basic earnings per share for the first half of 2022 was -0.26 yuan, a decrease of 1,400% compared to 0.02 yuan in the same period last year[20]. - The diluted earnings per share for the first half of 2022 was also -0.26 yuan, reflecting the same 1,400% decrease compared to the previous year[20]. - The weighted average return on net assets was -2.89%, a decrease of 3.14 percentage points from 0.25% in the same period last year[20]. - The company's operating revenue for the first half of the year was ¥43,233,509.67, a decrease of 42.26% compared to the same period last year[21]. - The net profit attributable to shareholders decreased by 1,161.05% to -¥19,108,747.88, primarily due to a significant drop in operating revenue and delayed accounts receivable collections[21]. - The company's total assets decreased by 6.95% to ¥701,361,962.35 compared to the end of the previous year[21]. - The company reported a total revenue of 19,833.37 million RMB for the first half of 2022, with a net profit of 2,329.87 million RMB, representing a significant increase compared to the previous year[76]. - The net profit for the first half of 2022 was a loss of CNY 19,845,632.06, compared to a net profit of CNY 1,800,922.13 in the first half of 2021[196]. - The company's total profit for the first half of 2022 was a loss of CNY 23,664,807.09, compared to a profit of CNY 2,615,847.27 in the same period of 2021[198]. Research and Development - Research and development expenses accounted for 53.89% of operating income, an increase of 22.79 percentage points compared to 31.10% in the same period last year[20]. - The company achieved a total R&D investment of ¥23,298,717.88, a slight increase of 0.06% compared to the previous year[68]. - The proportion of R&D investment to operating income rose to 53.89%, an increase of 22.79 percentage points year-on-year[68]. - The company’s R&D expenses increased by 29.31% to 19.51 million yuan compared to the previous year[115]. - The company has filed for 13 new invention patents during the reporting period, bringing the total to 84[66]. - The company has accumulated 209 patents and software copyrights, demonstrating strong technological advantages in network, intelligent systems, and command platforms[80]. - The company is focusing on artificial intelligence application software development and electronic equipment manufacturing, which are key growth areas[126]. Market Position and Strategy - The company is positioned in the core of national defense modernization, benefiting from the ongoing advancements in military information technology[48]. - The company has achieved a significant market share in the military sector, with its video command control system being deployed on a large scale since 2011[48]. - The company is focusing on expanding its market presence in military, judicial, and internet sectors, leveraging new technologies and product innovations[73]. - The company is actively pursuing strategic partnerships and market expansion opportunities to strengthen its competitive position in the industry[76]. - The company has established long-term cooperative relationships with military departments, receiving nearly 300 commendations for its service and technical capabilities[83]. Risk Management - The company has detailed various risks and countermeasures in the report, urging investors to pay attention to investment risks[4]. - The company is actively addressing risks related to supply chain disruptions and market competition, ensuring it maintains its competitive edge[103]. - The company faces risks from high industry and customer concentration, particularly in the military sector, which could significantly impact its financial performance[105]. Corporate Governance - The report has not been audited, and the management has confirmed the accuracy and completeness of the financial report[9]. - The company has not reported any changes in its board or senior management, ensuring stability in leadership[133]. - The company is committed to compliance with regulatory requirements and has not engaged in any prohibited activities[128]. Shareholder Information - The company has committed to not engage in any competitive products or businesses that may compete with its operations since the signing of the commitment letter[154]. - The company has not provided any loans or financial assistance to incentive plan participants under the stock incentive plan[154]. - The company has adhered to the profit distribution policies approved by the shareholders' meeting, including the three-year dividend return plan post-IPO[154]. - The total number of ordinary shareholders reached 5,027 by the end of the reporting period[171]. - The largest shareholder, Cheng Jiaming, holds 39.22% of the shares, totaling 28,862,900 shares[173]. Environmental Responsibility - The company has implemented measures to reduce carbon emissions, including promoting paperless offices and using energy-efficient lighting[140]. - There were no administrative penalties related to environmental issues during the reporting period[139]. - The company has no noise pollution or process wastewater, and solid waste is managed by local sanitation departments[139].

Financial Performance - The company's operating revenue for 2021 was ¥156,650,242.44, a decrease of 18.70% compared to 2020[21]. - The net profit attributable to shareholders was -¥45,611,323.83, representing a decline of 238.89% year-over-year[21]. - Basic and diluted earnings per share were both -¥0.62, a decrease of 237.78% from the previous year[22]. - The net cash flow from operating activities was -¥65,069,226.17, indicating a significant cash outflow compared to the previous year[21]. - The total assets at the end of 2021 were ¥753,779,472.71, down 6.29% from the previous year[21]. - The equity attributable to shareholders decreased by 8.09% to 670.65 million yuan[35]. - The company reported a net loss in each quarter, with the fourth quarter showing a net profit of -¥20,731,262.51[24]. - The company attributed the revenue decline to delays in client construction plans and the ongoing development of new products[25]. - The company’s accounts receivable at the end of the reporting period amounted to ¥32,705.54 million, representing 208.78% of the current operating revenue[133]. - The company reported a net cash flow from operating activities of -¥65,069,226.17, indicating increased payments to suppliers[141]. Research and Development - Research and development expenses accounted for 33.17% of operating revenue, an increase of 13.26 percentage points from 2020[22]. - The company achieved a 35.44% increase in total R&D investment compared to the previous year, amounting to ¥51,958,804.53[105]. - The proportion of total R&D investment to operating income rose to 33.17%, an increase of 13.26 percentage points[107]. - The company reported a 69.19% increase in expense-based R&D investment, totaling ¥38,080,131.36[105]. - The company added 8 invention patents, 11 utility model patents, and 18 software copyrights during the reporting period, bringing the total number of patents to 257[95]. - The company has accumulated 201 patents and software copyrights, showcasing its strong technological foundation and innovation capabilities[118]. - The company is focusing on expanding its cloud-based video interaction technology, enhancing multi-domain collaboration capabilities[94]. - The company is investing in a comprehensive video industry testing capability to support decision-making and command control services[113]. - The company is committed to advancing technology research and development, market expansion, and talent cultivation to enhance core competitiveness[180]. Strategic Development - The company plans to continue increasing its investment in R&D and market expansion despite the current financial challenges[25]. - The company has established a "1 parent company, 8 subsidiaries" development scale, focusing on specialized industry fields and forming a good development trend in strategic decision-making and marketing channel expansion[64]. - The company aims to leverage emerging technologies such as cloud computing and big data to drive digital transformation and new business models[78]. - The company is actively expanding its market presence by leveraging advanced technologies in military and civilian sectors[52]. - The company is focused on expanding its marketing and service coverage across various regions and industry applications for sustainable development[179]. - The company plans to enhance its market promotion by developing a refined company profile and new product catalog, and establishing demonstration environments in key cities like Beijing and Wuhan[183]. Governance and Compliance - The company has a comprehensive governance structure with all board members present at the board meeting, ensuring accountability[5]. - The company has not reported any non-operational fund occupation by controlling shareholders or related parties[8]. - The company has established a governance structure that complies with relevant laws and regulations, ensuring clear responsibilities and coordination among its decision-making bodies[189]. - The company has not disclosed certain sensitive information due to confidentiality regulations, indicating a commitment to compliance with national laws[187]. - The company’s board of directors and management team have maintained stable shareholding structures, with no significant changes reported during the reporting period[192]. Market and Product Development - The company launched 14 new products, including the cloud command system and the networked video command system V5.3, enhancing its technology offerings[40]. - The company has established a marketing system focused on key industries and regions, improving user demand response[36]. - The company participated in several industry exhibitions to enhance brand awareness and customer recognition, including the Military Intelligent Technology Equipment Expo[38]. - The company is actively engaged in developing integrated solutions centered around network and video technologies, aiming to diversify its product offerings[130]. - The company is focusing on modular design for its products, allowing for flexibility and adaptability in various environments[112]. Risks and Challenges - The company has detailed various operational risks and corresponding mitigation strategies in the report, emphasizing the importance of risk awareness for investors[4]. - The company’s future plans and strategic developments are subject to risks, and investors are advised to be cautious[7]. - The company faces high technical barriers in military product development, with strict production qualifications and long development cycles due to the unique nature of military products[70]. - The company has recognized a potential risk of bad debt, with 80% of accounts receivable from a specific client already provisioned for impairment due to their financial difficulties[133]. - The company faces potential risks from changes in tax policies that could affect its financial performance, particularly regarding its high-tech enterprise status[137]. Human Resources - The R&D personnel count decreased to 227, accounting for 46% of the total workforce, down from 48% in the previous year[116]. - The total compensation for R&D personnel increased to 3,726.05 million RMB, with an average salary of 16.20 million RMB, reflecting a focus on talent retention[116]. - The average age of R&D personnel is predominantly between 30-40 years, indicating a relatively young and dynamic workforce[117]. - The company is committed to enhancing its human resource management system to attract and retain talent, thereby improving overall employee capabilities[185]. Customer and Supplier Relations - The company’s top five customers accounted for 57.79% of total annual sales, amounting to 90.52 million yuan[151]. - The top five suppliers contributed to 53.29% of total annual purchases, totaling 54.14 million yuan[152]. - The company has a dedicated sales service team that effectively maintains long-term stable demand connections with military clients[125]. Future Outlook - The company provided guidance for the next fiscal year, projecting revenue growth of 25% and aiming to reach $1.875 billion[195]. - New product launches are expected to contribute an additional $300 million in revenue, with a focus on innovative technology solutions[195]. - The company plans to implement new marketing strategies aimed at increasing customer engagement by 40%[195]. - The company aims to strengthen its core technology and product advantages in military defense, economic construction, and social stability sectors to support sustainable innovation and development[183].

Financial Performance - The company's operating revenue for 2021 was ¥156,650,242.44, a decrease of 18.70% compared to 2020[21]. - The net profit attributable to shareholders was -¥45,611,323.83, representing a decline of 238.89% year-over-year[21]. - Basic and diluted earnings per share were both -¥0.62, a decrease of 237.78% from the previous year[22]. - The net profit after deducting non-recurring gains and losses was -¥50,896,752.78, a decrease of 291.60% compared to the previous year[21]. - The company's total assets at the end of 2021 were ¥753,779,472.71, down 6.29% from the previous year[21]. - The net assets attributable to shareholders decreased by 8.09% to ¥670,645,167.17 at the end of 2021[21]. - The company reported a significant increase in sales, management, and R&D expenses, which contributed to the decline in net profit[24]. - The company's accounts receivable at the end of the reporting period amounted to ¥32,705.54 million, representing 208.78% of the current operating revenue[128]. - The company reported a net cash flow from operating activities of -¥65,069,226.17, indicating a decline in cash generation capabilities[134]. - The company reported a total revenue of 16,914.13 million, with a net profit of 5,195.88 million, indicating a strong financial performance[108]. Research and Development - The company's R&D expenditure accounted for 33.17% of operating revenue, an increase of 13.26 percentage points compared to 2020[22]. - Total R&D investment increased by 35.44% year-on-year, reaching ¥51,958,804.53, driven by higher employee compensation and equipment purchases[101]. - Capitalized R&D investment decreased by 12.46% to ¥13,878,673.17, while expensed R&D investment rose by 69.19% to ¥38,080,131.36[101]. - The company holds a total of 201 patents and software copyrights, demonstrating its strong research and development capabilities recognized by experts in the field[50]. - The R&D team consists of 4 PhD holders, 41 master's degree holders, and 140 bachelor's degree holders, indicating a strong educational background[111]. - The company is committed to continuous investment in R&D across six major fields: intelligent sensing, communication, computing, display, platform, and applications[176]. Strategic Focus and Market Position - The company has established a strategic layout focusing on "intelligent system comprehensive solutions and product supply" with a "two verticals and three horizontals" approach[34]. - The company aims for significant sales growth by focusing on military, emergency, and civil-military integration sectors[62]. - The company is positioned in the core of national defense modernization, benefiting from the ongoing advancement of military information technology[65]. - The company is actively pursuing mergers and acquisitions to strengthen its market position and diversify its product offerings[188]. - The company plans to expand its market presence and is focusing on new product development and technological advancements[188]. Governance and Compliance - The company has a comprehensive governance structure, with all board members present at the board meeting[5]. - The company has not violated decision-making procedures for external guarantees, indicating adherence to regulatory compliance[8]. - The company has established a governance structure that complies with relevant laws and regulations, ensuring clear responsibilities and coordination among its decision-making bodies[183]. - The company has not disclosed certain sensitive information due to confidentiality regulations, ensuring compliance with national laws[181]. Operational Risks and Challenges - The company has detailed various operational risks and corresponding mitigation measures in the report, emphasizing the importance of risk awareness for investors[4]. - The company faced delays in client construction plans, impacting business expansion and project implementation[24]. - The company is exposed to potential risks from changes in tax policies that could affect its financial performance, particularly regarding tax incentives for high-tech enterprises[131]. - The company is facing risks related to high customer concentration, particularly in the military sector, which could significantly impact its financial performance if orders are delayed or canceled[124]. Product Development and Innovation - The company launched 14 new products, including the cloud command system and the networked video command system V5.3, enhancing its technology capabilities[37]. - The company has developed a computer vision-based AI platform V1.0, enhancing its algorithm capabilities for broader application scenarios, including behavior analysis and video structuring algorithms[43]. - The company is focusing on enhancing its cloud platform architecture and integrating new standards to improve service capabilities[105]. - The company is actively engaged in the development of new products leveraging emerging technologies such as artificial intelligence and big data[123]. Market Expansion and Customer Engagement - The company is expanding its market channels and enhancing its product offerings in the fields of security and integrated operations[107]. - The company aims to improve decision-making and operational efficiency through innovative media processing and real-time information transmission solutions[107]. - The company plans to enhance its capabilities in 5G and IoT, aiming for initial domestic production and development in video encoding and transmission technologies[107]. - The company is enhancing its talent pool in digital twin, big data, and artificial intelligence to build a team with deep R&D capabilities[173]. Financial Management and Investments - The company reported a total of 13.85 million yuan in trading financial assets at the beginning of the period, which decreased to 10 million yuan by the end of the period, reflecting a change of -3.85 million yuan[163]. - The cash and cash equivalents at the end of the period were 239.09 million yuan, a decrease of 36.56% from 376.87 million yuan in the previous period[151]. - The company has plans for market expansion through the establishment of multiple subsidiaries focused on AI and big data services[161]. - The company plans to use part of the raised funds to permanently supplement working capital[197].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 26,415,603.28, representing a significant increase of 474.72% compared to the same period last year[4]. - Total operating revenue for Q1 2022 was CNY 26,415,603.28, a significant increase of 474.5% compared to CNY 4,596,270.25 in Q1 2021[19]. - Total operating costs for Q1 2022 were CNY 28,800,946.95, up from CNY 25,446,809.91 in Q1 2021, reflecting a year-over-year increase of 9.3%[19]. - Net profit for Q1 2022 was CNY -2,204,885.04, an improvement from CNY -19,487,443.11 in Q1 2021, indicating a reduction in losses[20]. - The net profit attributable to shareholders was a loss of CNY 1,871,361.67, with a net profit excluding non-recurring gains and losses also showing a loss of CNY 1,646,748.93[4]. - The basic and diluted earnings per share were both CNY -0.03, indicating a loss per share[5]. - The company reported a basic and diluted earnings per share of CNY -0.03 for Q1 2022, an improvement from CNY -0.26 in Q1 2021[21]. Cash Flow - The net cash flow from operating activities was negative at CNY -14,241,179.45, indicating a cash outflow during the quarter[5]. - The net cash flow from operating activities for Q1 2022 was CNY -14,241,179.45, compared to CNY -26,716,015.04 in Q1 2021, showing a decrease in cash outflow[23]. - Cash received from sales of goods and services in Q1 2022 was CNY 33,781,833.78, down from CNY 51,270,651.10 in Q1 2021[23]. - Total cash inflow from financing activities amounted to $1,470,000[25]. - Net cash flow from financing activities was $1,470,000[25]. - The net increase in cash and cash equivalents was -$39,805,710.67, compared to -$163,468,940.43 in the previous period[25]. - The beginning balance of cash and cash equivalents was $236,661,210.07, down from $375,699,408.93[25]. - The ending balance of cash and cash equivalents was $196,855,499.40, compared to $212,230,468.50 in the previous period[25]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 729,831,630.45, down 3.18% from the end of the previous year[5]. - Total assets decreased from RMB 753,779,472.71 to RMB 729,831,630.45, a reduction of about 3.17%[16]. - The company's total current assets decreased from RMB 576,442,537.14 as of December 31, 2021, to RMB 544,359,897.04 as of March 31, 2022, a decline of approximately 5.56%[15]. - Total current liabilities decreased from RMB 81,749,881.51 to RMB 57,891,787.30, a decrease of approximately 29.15%[16]. - The company reported a significant reduction in accounts payable from RMB 51,290,303.52 to RMB 31,758,613.05, a decline of about 38.06%[16]. - Total liabilities as of Q1 2022 were CNY 58,669,373.77, a decrease from CNY 82,207,020.99 in the previous year[20]. - The company's total equity as of Q1 2022 was CNY 671,162,256.68, slightly down from CNY 671,572,451.72 in Q1 2021[20]. Research and Development - Research and development (R&D) expenses totaled CNY 10,768,833.92, accounting for 40.77% of operating revenue, which is a decrease of 208.33 percentage points year-on-year[5]. - Research and development expenses for Q1 2022 were CNY 8,817,567.72, up from CNY 7,143,680.47 in Q1 2021, representing a 23.5% increase[20]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 5,125[11]. - The largest shareholder, Cheng Jiaming, holds 28,862,900 shares, representing 39.22% of total shares[11]. Other Financial Metrics - The weighted average return on net assets was -0.28%, reflecting a decrease of 2.43 basis points compared to the previous year[5]. - The company noted a substantial increase in other current liabilities by 251.14%, primarily due to a significant rise in the amount of tax to be transferred[9]. - The company experienced a 69.30% increase in prepayments, attributed to higher advance payments for goods[9]. - The company has ongoing development expenditures of RMB 8,241,599.94, up from RMB 6,290,333.74 in the previous period[16]. - The company has not reported any significant changes in its long-term liabilities[16]. - The company recorded other income of CNY 118,001.81 in Q1 2022, compared to CNY 151,755.18 in Q1 2021[20].

证券代码：688081 证券简称：兴图新科 武汉兴图新科电子股份有限公司 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。 公司负责人程家明、主管会计工作负责人马超及会计机构负责人（会计主管人员）王华军保 证季度报告中财务报表信息的真实、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 | 8,634,847.47 | -77.09 | 83,509,326.91 ...

Financial Performance - The company's operating revenue for the first half of the year reached ¥74,874,479.44, representing a year-on-year increase of 109.42%[19]. - Net profit attributable to shareholders was ¥1,800,922.13, an increase of ¥6,684,152.05 compared to the same period last year[21]. - The basic earnings per share improved to ¥0.02 from a loss of ¥0.07 in the previous year[20]. - The weighted average return on equity increased by 0.94 percentage points to 0.25%[20]. - The net cash flow from operating activities decreased by ¥19,891,097.97, primarily due to increased payments for goods[21]. - Total assets at the end of the reporting period were ¥769,932,354.95, down 4.28% from the end of the previous year[19]. - The company's net assets attributable to shareholders decreased by 1.68% to ¥717,408,033.13[19]. - The company achieved operating revenue of 74.87 million yuan, a year-on-year increase of 109.42%, and new contract value of 74.36 million yuan, up 55% compared to the previous year[76]. - The net profit attributable to shareholders was 1.80 million yuan, an increase of 668,000 yuan compared to the same period last year, mainly driven by the significant increase in operating revenue[76]. Research and Development - Research and development expenses accounted for 31.10% of operating revenue, a decrease of 14.02 percentage points compared to the previous year[20]. - The company’s R&D investment increased by 44.35% year-on-year, primarily due to an increase in R&D personnel, salary growth, and the purchase of R&D equipment and materials[64]. - The company obtained 4 new patents and 3 new software copyrights in the first half of 2021, bringing the total number of patents to 171[59][62]. - The company developed several advanced core technologies, including source station cluster technology and media cloud processing technology, enhancing video distribution and processing capabilities[55][56]. - The company has established a commitment to avoid any actions that could harm the interests of its shareholders through improper use of its position[129]. Market and Product Development - The company aims to become a world-renowned supplier of audio and video equipment, focusing on innovation and long-term development in audio and video technology[26]. - The company has developed a cloud-based video command system that integrates situational awareness, command decision-making, action control, and comprehensive support, ensuring efficient command operations[30]. - The cloud video conferencing system supports various transmission methods including dedicated networks, the internet, and 4G/5G, utilizing big data, cloud computing, and AI technologies[32]. - The company has established a complete after-sales service system to ensure quality monitoring throughout the product lifecycle, adhering to the "Four Follow" service philosophy[36]. - The company has deepened its focus on military applications, entering fields such as military training, battlefield environments, logistics, and intelligent equipment[79]. Corporate Governance and Compliance - The financial report has not been audited, ensuring transparency in the financial disclosures[5]. - The company is committed to ensuring the accuracy and completeness of the financial report, with key personnel affirming this[5]. - The company operates under the Shanghai Stock Exchange's Sci-Tech Innovation Board, with stock code 688081[16]. - The company has a dedicated accounting firm for oversight, ensuring compliance and governance[18]. - The management emphasized adherence to regulatory compliance and corporate governance standards[116]. Shareholder and Capital Management - The company plans not to distribute cash dividends or bonus shares for the first half of 2021[5]. - The company has committed to not transferring or managing its shares for 36 months post-listing, with specific conditions for share reduction thereafter[113]. - The company will ensure that any share reductions after the lock-up period will not exceed the total number of shares held[123]. - The company will link the performance of its compensation system to the execution of its recovery measures[125]. - The company has pledged to comply with its dividend distribution policy as approved by the board and shareholders, ensuring shareholder returns post-IPO[130]. Risks and Challenges - The company faces risks related to market concentration and potential competition from private enterprises entering the military product market[86]. - The complexity of military software product delivery requires adherence to strict military standards and integration with existing systems, increasing the need for specialized expertise[44]. - The company reported a significant increase in operating costs, which rose by 233.18% to 31.77 million yuan[93]. - The company experienced a net cash outflow from operating activities of 42.32 million yuan, indicating challenges in cash flow management[93]. Future Outlook - The company provided a forward guidance of 10% revenue growth for the next quarter, projecting $550 million in revenue[116]. - The company plans to implement cost-cutting measures aimed at reducing operational expenses by 5% in the next fiscal year[116]. - The company is expanding its market presence in Asia, targeting a 25% increase in market share by the end of 2024[116]. - The company plans to continue investing in new product development and market expansion strategies to drive future growth[164].

Financial Performance - In 2020, the company's operating revenue was CNY 192,675,899.11, a decrease of 3.84% compared to CNY 200,371,609.02 in 2019[20] - The net profit attributable to shareholders was CNY 32,840,253.36, down 36.71% from CNY 51,888,322.23 in the previous year[20] - The net profit after deducting non-recurring gains and losses was CNY 26,564,287.97, a decline of 48.16% compared to CNY 51,239,667.82 in 2019[20] - The net cash flow from operating activities was negative CNY 40,948,216.04, a significant decrease from CNY 37,766,011.89 in 2019, representing a 208.43% decline[20] - Total assets at the end of 2020 were CNY 804,367,699.61, down 4.72% from CNY 844,205,647.28 in 2019[20] - Basic earnings per share decreased by 52.13% to CNY 0.45 in 2020 compared to CNY 0.94 in 2019[21] - The weighted average return on equity dropped by 18.62 percentage points to 4.56% in 2020 from 23.18% in 2019[21] - The company enjoyed tax benefits amounting to CNY 11.00 million, which accounted for 22.58% of the total profit during the reporting period[113] - The total revenue for the company in 2020 was CNY 19,267.59 million, a decrease of 3.84% compared to CNY 20,037.16 million in 2019, with a gross margin of 60.94%[126] Research and Development - Research and development expenses accounted for 19.91% of operating revenue, an increase of 3.63 percentage points from 16.28% in 2019[21] - The company achieved a total R&D investment of CNY 38,361,643.69, representing a 17.62% increase compared to the previous year[63] - The proportion of R&D investment to operating revenue increased by 3.63 percentage points to 19.91%[63] - The company received 20 new patent authorizations and 29 new software copyrights in 2020[59] - The company has significantly increased its R&D investment in the cloud-based military video command platform, with a total expected investment of ¥11,000 million, of which ¥3,064.40 million has been invested to date[68] - The R&D center's investment reached approximately 3.98 billion, focusing on cloud computing, big data, and 5G technologies[70] - The company capitalized R&D expenditures amounting to 1,585.41 million RMB for the military video command platform development, with a total of 1,620.56 million RMB at the end of the period[84] - The company is focusing on the integration of IoT sensor devices for urban drainage monitoring, with capabilities for real-time data visualization[71] Market and Product Development - The company launched five new products, including the portable audit terminal and the cloud video conferencing system, enhancing its product portfolio[102][103] - The company aims to expand its market presence by offering smart solutions in sectors such as oil fields, transportation, and emergency management[29] - The company is focusing on expanding its market presence in military and judicial sectors, leveraging advanced video analysis technologies for better service delivery[68] - The company plans to invest in talent development and recruitment, focusing on key positions and skills to build a competitive professional team[164] - The company plans to enhance brand building through product R&D and technology innovation, expanding its influence in key markets[165] Operational Risks and Challenges - The company has outlined various operational risks and corresponding mitigation measures in the report[4] - The company faced risks related to high customer concentration in the military industry, which could significantly impact operations[108][109] - The company is facing risks related to potential changes in tax policies that could adversely affect its financial performance[113] - The impact of COVID-19 on order acquisition and delays was a significant factor affecting military product sales in 2020[123] Profit Distribution and Shareholder Commitments - The company plans to distribute a cash dividend of CNY 2 per 10 shares, totaling CNY 14,720,000, which accounts for 44.82% of the net profit attributable to shareholders for 2020[6] - The company does not plan to increase capital reserves or issue bonus shares for 2020[6] - The profit distribution plan for 2020 has been approved by the company's board of directors and requires approval from the shareholders' meeting[184] - The company will implement a stable profit distribution policy, emphasizing cash dividends when profitable and operationally stable[169] - The company will maintain a continuous and stable profit distribution policy, with adjustments requiring thorough consideration of operational conditions and external changes[182] Strategic Partnerships and Market Expansion - Strategic partnerships were established with several organizations, contributing to the development of an ecosystem for the company's growth[99] - The company plans to enhance its marketing system by establishing a "three-dimensional marketing model" to improve user response and reduce operational costs[162] - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 500 million allocated for potential deals[194] - Market expansion plans include entering three new international markets by Q3 2021[195] Technology and Innovation - The company has developed core technologies with independent intellectual property rights, including ultra-low latency encoding and decoding technology, which are widely applied in distributed display control products[47] - The integration of AI technologies into video conferencing systems is expected to improve user experience significantly, with features like intelligent meeting control and behavior recognition[51] - The company has established a strong competitive advantage through its proprietary technologies in audio-visual middleware and low-latency encoding, which are widely applied in its products[89] Customer and Market Demand - The military market remains the primary customer base, with a focus on customized solutions and a growing product system for civilian applications, including prisons and government offices[36] - The company aims to enhance overall synergy and establish a comprehensive marketing structure to achieve significant sales growth[37] - The company reported a significant increase in sales of outsourced products, with revenue from these products rising by 115.21% to CNY 4,318.82 million, but with a lower gross margin of 14.31%[125]

Financial Performance - Operating revenue increased by 118.78% to CNY 4,596,270.25 year-on-year[5] - Net profit attributable to shareholders was CNY -19,487,443.11, a decrease of 49.04% compared to the same period last year[5] - Basic earnings per share decreased by 44.44% to CNY -0.26[5] - The net profit attributable to shareholders was a loss of CNY 19,487,443.11, a decrease of 49.04% year-on-year, primarily due to increased personnel costs for technology and market investments[15] - The net loss for Q1 2021 was CNY 19,487,443.11, compared to a net loss of CNY 13,075,208.82 in Q1 2020, reflecting a deterioration of approximately 48.5%[29] - The company reported a total comprehensive income for Q1 2021 was reported at -15,670,583.91 RMB, compared to -11,324,562.32 RMB in Q1 2020, reflecting a worsening in overall financial performance[33] Cash Flow - Net cash flow from operating activities was CNY -26,716,015.04, a decline of 129.71% year-on-year[5] - Operating cash flow net amount was a negative CNY 26,716,015.04, primarily due to increased cash payments for goods[18] - The company reported a net cash flow from operating activities of -26,716,015.04 RMB in Q1 2021, compared to -11,630,310.05 RMB in Q1 2020, indicating a decline in operational cash flow[35] - The company experienced a significant increase in cash outflow for purchasing goods and services, which rose to 40,868,176.78 RMB in Q1 2021 from 2,830,164.61 RMB in Q1 2020[34] - The company reported a net cash flow from investing activities of -136,752,925.39 RMB in Q1 2021, compared to -220,500,000.00 RMB in Q1 2020, showing an improvement in investment cash flow[35] Assets and Liabilities - Total assets decreased by 4.00% to CNY 772,154,576.91 compared to the end of the previous year[5] - Cash and cash equivalents decreased by 43.58% to CNY 212,642,113.30, mainly due to the purchase of bank financial products[16] - Trade financial assets increased significantly by 3,376.62% to CNY 133,850,000.00, also attributed to bank financial product purchases[16] - Accounts receivable increased by 523.22% to CNY 6,175,060.80, mainly due to an increase in bank notes not yet due[16] - Inventory rose by 53.70% to CNY 56,176,058.62, driven by increased stock levels to meet project demands[16] - Total current assets decreased to ¥668,149,397.69 from ¥709,952,693.81, reflecting a reduction of about 5.8%[20] - Total liabilities decreased to ¥61,639,599.02 from ¥74,689,968.61, a reduction of about 17.5%[22] - Total equity attributable to shareholders decreased to ¥710,514,977.89 from ¥729,677,731.00, reflecting a decline of approximately 2.6%[22] Research and Development - Research and development expenses accounted for 249.10% of operating revenue, a decrease of 118.38 percentage points[7] - Research and development expenses increased by 66.38% to CNY 7,143,680.47, reflecting higher personnel costs in R&D[18] - Research and development expenses in Q1 2021 were CNY 7,143,680.47, which is a 66.5% increase from CNY 4,293,574.71 in Q1 2020[27] Shareholder Information - The total number of shareholders at the end of the reporting period was 4,863[11] - The top shareholder, Cheng Jiaming, holds 39.22% of the shares with 28,862,900 shares[11] Other Financial Metrics - The weighted average return on net assets was -2.71%, a decrease of 0.86 percentage points compared to the previous year[5] - The company reported a total of CNY 151,755.18 in non-recurring gains and losses[8] - The company recorded investment income of CNY 1,211,341.37 in Q1 2021, with no corresponding figure reported for Q1 2020[27] - Sales expenses for Q1 2021 were CNY 8,259,309.88, compared to CNY 4,536,137.39 in Q1 2020, marking an increase of approximately 82.5%[27] Future Guidance - The company has not provided guidance for future performance or strategic initiatives in the report[19]

Financial Performance - The company's operating revenue for 2020 was approximately ¥192.68 million, a decrease of 3.84% compared to ¥200.37 million in 2019[21]. - The net profit attributable to shareholders was approximately ¥32.84 million, down 36.71% from ¥51.89 million in 2019[21]. - The basic earnings per share for 2020 was ¥0.45, a decline of 52.13% from ¥0.94 in 2019[22]. - The weighted average return on equity decreased to 4.56%, down 18.62 percentage points from 23.18% in 2019[22]. - The net cash flow from operating activities was negative at approximately -¥40.95 million, a significant decline from ¥37.77 million in 2019[21]. - Total assets at the end of 2020 were approximately ¥804.37 million, a decrease of 4.72% from ¥844.21 million at the end of 2019[21]. - Operating costs increased by 66.37% to CNY 75.27 million, primarily due to the impact of the pandemic and high external procurement costs in some contracts[110]. - The company reported a significant increase in revenue, achieving a total of $1.5 billion for the fiscal year, representing a 20% year-over-year growth[182]. - The company reported a total revenue of 261,976.00 RMB for the year, with all transactions accounted for 100% of the total related transactions[197]. Research and Development - Research and development expenses accounted for 19.91% of operating revenue, an increase of 3.63 percentage points from 16.28% in 2019[22]. - Total R&D investment increased by 17.62% year-on-year, reaching 38,361,643.69, with a significant rise in capitalized R&D investment by 403.15% to 15,854,070.29[61]. - The share of capitalized R&D investment surged to 41.33%, up by 31.67 percentage points from the previous year[61]. - The company added 20 new patent authorizations and 29 new software copyrights in 2020, indicating a strong focus on innovation and intellectual property development[58]. - The company achieved significant breakthroughs in core technologies, including source station cluster technology and media transcoding and integration technology, enhancing audio and video distribution and processing capabilities[50]. - The company is committed to increasing R&D investment to overcome four critical technologies related to data processing and decision support[144]. - The company is investing $50 million in research and development for new technologies aimed at enhancing user experience[182]. Profit Distribution - The profit distribution plan for 2020 proposes a cash dividend of 2 RMB per 10 shares, totaling approximately 14.72 million RMB, which accounts for 44.82% of the net profit attributable to shareholders[6]. - The company does not plan to increase capital reserves or issue bonus shares for the 2020 profit distribution[6]. - The profit distribution proposal for 2020 has been approved by the board and requires approval from the shareholders' meeting[171]. - The company has maintained a consistent profit distribution policy, with adjustments requiring a two-thirds majority approval from shareholders[169]. - The company will prioritize cash dividends, with a minimum of 80% of profits distributed in mature stages without major capital expenditures[162]. - The company will utilize various channels to gather public investor feedback on profit distribution matters[169]. Operational Risks and Compliance - The company has outlined various operational risks and corresponding mitigation strategies in the report[4]. - There are no non-operational fund occupations by controlling shareholders or related parties[8]. - The company has not violated decision-making procedures for external guarantees[8]. - The report includes a forward-looking statement risk declaration, indicating that future plans do not constitute a commitment to investors[7]. - The company has received a standard unqualified audit report from Tianjian Accounting Firm[5]. - The company has not encountered any major litigation or arbitration matters during the reporting period, indicating a stable legal environment[194]. Market and Product Development - The company aims to expand its market presence in military, prison, oilfield, transportation, judicial, and emergency management sectors with its video command and control products[30]. - The company integrates AI technology, electronic whiteboards, and video monitoring into its cloud video conferencing system, enhancing intelligence, collaboration, and data completeness[32]. - The cloud video conferencing platform supports up to 10,000 participants and can be deployed on private, public, or hybrid clouds, catering to various industry needs[32]. - The company is focusing on the development of the openVone audio and video integration platform, emphasizing domestic production, big data, and 5G technologies[68]. - The company launched five new products, including the portable audit terminal and cloud video conferencing system, enhancing its product portfolio[91][93]. - The company is developing a new generation of HC vehicle audio and video encoding and decoding systems, with support for 720P and 1080P resolutions[69]. Strategic Partnerships and Market Expansion - The company established strategic partnerships with several organizations, contributing to the development of its ecosystem[88]. - The company is considering strategic acquisitions to bolster its product offerings, with a budget of $100 million allocated for potential deals[182]. - Market expansion plans include entering two new international markets by Q3 2024, targeting a 5% market share in each[182]. - The company is focused on building a comprehensive marketing system to enhance brand influence and market reach[141]. Talent Development and Workforce - The company has implemented a comprehensive talent development system to ensure a stable and innovative workforce[82]. - The number of R&D personnel increased to 251, accounting for 48.46% of the total workforce, with total R&D compensation reaching 3,174.68 million RMB[75]. - The average salary for R&D personnel increased to 14.77 million RMB, indicating a focus on attracting and retaining talent[75]. - The company will enhance talent development and introduce a resource pool plan for key positions to support rapid business growth[151]. Technology and Innovation - The company has developed core technologies with independent intellectual property rights, including low-latency encoding and decoding technology, which are widely applied in various products[79]. - The integration of AI technologies in video conferencing is expected to significantly improve user experience through features like intelligent meeting control and AI recognition[49]. - Key technology development areas include multi-spectral high-dimensional perception technology and ubiquitous multi-domain video interaction technology[145][146]. Shareholder and Regulatory Compliance - The company commits to ensuring that any related party transactions are conducted at fair market prices to protect the interests of all shareholders, especially minority shareholders[188]. - The company will comply with relevant laws and regulations regarding share restrictions and reductions, as well as the rules set by the China Securities Regulatory Commission and the Shanghai Stock Exchange[179]. - The company has committed to strict compliance with the profit distribution policies approved by the shareholders' meeting, ensuring shareholder returns post-IPO[191].