Financial Performance - Operating revenue for the period was CNY 131,076,367.46, representing a growth of 14.26% year-on-year[5] - Net profit attributable to shareholders was CNY -23,923,018.46, a decline of 148.34% compared to the same period last year[5] - Basic and diluted earnings per share were both CNY -0.26, a decrease of 136.36% compared to the previous year[5] - The company reported non-recurring gains of CNY 1,770,021.87 for the period[10] - The weighted average return on net assets was -2.88%, a decrease of 1.65 percentage points from the previous year[5] - Total operating revenue for Q1 2021 was CNY 131,076,367.46, an increase of 14.5% compared to CNY 114,714,005.47 in Q1 2020[30] - Net loss for Q1 2021 was CNY -23,923,018.46, compared to a net loss of CNY -9,633,019.08 in Q1 2020, representing a significant increase in losses[31] - The total comprehensive income for Q1 2021 was -¥23,212,237.69, compared to -¥4,903,770.10 in Q1 2020, indicating a worsening financial position[33] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,310,851,490.61, an increase of 1.01% compared to the end of the previous year[5] - The company's total liabilities as of March 31, 2021, were 491,920,087.09 RMB, compared to 454,899,194.77 RMB at the end of 2020[23] - The company's total assets amounted to 1,311,456,255.00 RMB, compared to 1,280,418,697.74 at the end of Q1 2020[27] - The total liabilities for Q1 2021 were CNY 455,702,608.13, an increase from CNY 401,452,813.18 in Q1 2020[27] - The total liabilities rose from 454,899,194.77 RMB to 465,771,204.30 RMB, indicating an increase of 2.4%[42] Cash Flow - The net cash flow from operating activities improved to CNY -57,213,824.67, a 43.27% increase compared to the previous year[5] - Cash flow from operating activities improved by 43.27%, with a net cash outflow of RMB -57,213,824.67 compared to RMB -100,852,885.48 in the previous year[16] - The net cash flow from financing activities was 56,214,212.00 RMB, down 86.40% year-over-year, primarily due to funds raised from the initial public offering in the same period last year[17] - The net cash flow from operating activities was -¥57,213,824.67, an improvement from -¥100,852,885.48 in Q1 2020[35] - The net cash flow from financing activities was ¥56,214,212.00, a decrease from ¥413,466,331.45 in Q1 2020, suggesting reduced financing activities[36] Research and Development - Research and development expenses accounted for 16.85% of operating revenue, an increase of 1.62 percentage points year-on-year[7] - Research and development expenses for Q1 2021 were CNY 22,082,053.22, an increase of 26.5% from CNY 17,472,020.81 in Q1 2020[30] - Research and development expenses rose to ¥21,006,854.69, up 27% from ¥16,513,978.26 in Q1 2020, reflecting the company's commitment to innovation[32] Shareholder Information - The total number of shareholders at the end of the reporting period was 5,650[12] - The largest shareholder, Shenzhen Jisr Investment Co., Ltd., held 21,641,000 shares, representing 23.61% of the total shares[12] Other Financial Metrics - Prepayments increased by 138.01% to RMB 17,105,951.88 due to upstream chip shortages and extended delivery times[15] - Construction in progress rose by 54.74% to RMB 34,889,969.46, attributed to renovations at the Songshan Lake R&D center[15] - Short-term borrowings increased by 30.65% to RMB 219,537,774.55, primarily due to additional bank loans[16] - Tax payable decreased by 36.40% to RMB 746,727.93, mainly due to lower cumulative individual income tax at the beginning of the year[16] - Other current liabilities surged by 212.48% to RMB 11,787,212.34, driven by an increase in sales tax payable at the end of the reporting period[16] - Financial expenses rose by 85.52% to RMB 3,255,847.42, reflecting increased interest expenses from bank loans[16] - Investment income increased by 449.02% to RMB 969,979.80, due to a rise in the amount of investment financial products maturing during the period[16] - Other income decreased by 42.72% to RMB 1,030,497.97, attributed to a reduction in government subsidies received[16] - Credit impairment losses significantly worsened by 443.01%, amounting to RMB -1,050,355.53, due to an increase in accounts receivable[16]

Financial Performance - The company's revenue decreased significantly due to the impact of the COVID-19 pandemic, particularly in overseas vehicle networking terminals and domestic smart grid revenue[4]. - The net profit for the year was negative, reflecting the overall decline in revenue and increased expenses[4]. - The company's operating revenue for 2020 was approximately ¥573.62 million, a decrease of 26.66% compared to ¥782.17 million in 2019[22]. - The net profit attributable to shareholders was a loss of approximately ¥75.06 million, representing a decline of 237.58% from a profit of ¥54.56 million in 2019[22]. - The basic earnings per share for 2020 was -¥0.8362, down 204.61% from ¥0.7993 in 2019[24]. - The net cash flow from operating activities decreased by 4,413.44% to approximately -¥91.94 million, primarily due to increased personnel and testing costs[25]. - The company reported a significant decrease in cash flow from investment activities, down 370.17% to RMB -268,086,083.64, due to the purchase of financial products[99]. - 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[137]. Research and Development - The company increased its investment in R&D and sales during the reporting period, leading to higher R&D and sales expenses[4]. - Research and development expenses accounted for 15.24% of operating revenue, an increase of 7.31 percentage points from 7.93% in 2019[24]. - The company's total R&D investment for 2020 was CNY 87,402,457.56, representing a 40.85% increase from the previous year, and accounting for 15.24% of total revenue[49]. - The average number of R&D personnel increased by 112, contributing to higher R&D and sales expenses[25]. - The company applied for 83 patents during the reporting period, doubling the number from the previous year, with a total of 224 patents applied for to date[48]. - The company is committed to developing more models of 5G wireless communication modules and terminals in response to the 5G network and application trends[121]. Market Expansion and Strategy - The company is expanding its overseas market presence, particularly in the vehicle networking and smart energy sectors, through partnerships and its own sales teams[37]. - The company is actively expanding its market presence in smart cities and financial payment sectors, achieving notable progress in product development and market outreach[64]. - The company plans to expand its market presence in smart gas, smart water, vehicle networking, shared mobility, industrial IoT, commercial retail, and smart city sectors in China[118]. - The company aims to significantly increase its overseas market sales, focusing on Europe, North America, and Southeast Asia over the next three years[119]. - The company is considering strategic acquisitions to bolster its market position, with potential targets identified in the technology sector[163]. Risks and Challenges - The company has disclosed risks related to significant performance declines or losses in its risk factors section[4]. - The company faced challenges in revenue due to the impact of the pandemic on overseas vehicle networking terminals and domestic smart grid collection[25]. - The company is actively addressing risks related to chip shortages, which have impacted deliveries and resulted in losses in Q1 2021[73]. - The company is at risk of being unable to provide products to major clients, especially in North America, if extreme circumstances lead to a comprehensive ban on chips from the U.S.[74]. Shareholder and Dividend Policies - The company plans not to distribute cash dividends or conduct capital reserve transfers to increase share capital for the 2020 fiscal year[7]. - The company did not distribute cash dividends for the year 2020 due to a decline in revenue caused by the COVID-19 pandemic and material shortages, with a net loss of RMB 7,506.48 million[123]. - The company plans to maintain a cash dividend ratio of no less than 10% of the distributable profits for the year, with an increase in cash dividend levels expected following the completion of the current issuance[166]. - The company has committed to ensuring that the cash dividend per share will not be lower than the level of the previous fiscal year, with adjustments made for any stock splits or bonus shares[168]. Compliance and Governance - The company has not violated decision-making procedures for external guarantees[10]. - The company will ensure compliance with relevant laws and regulations when executing the stock repurchase plan[158]. - The company has established a long-term commitment to transparency and accountability in its financial reporting[175]. - The company will publicly disclose any failure to fulfill commitments and apologize to shareholders and investors[176]. Product Development and Innovation - The company is focused on developing new products and technologies, although specific details were not provided in the report[4]. - The company launched multiple Cat.1 modules and vehicle networking terminals, including the world's first Cat.1 bis communication module, N58, and the smallest Cat.1 module, N716, which achieved commercial use in the vehicle networking pre-installation market[47]. - The company is developing various wireless communication modules, including LTE and 5G solutions, with a focus on integration and compatibility with existing technologies[54]. - The company has developed multiple communication modules, including 5G wireless communication modules and high-speed LTE-V2X modules, with significant advancements in smart energy and automotive IoT applications[66].

Financial Performance - Operating revenue decreased by 15.59% to CNY 432,009,625.37 for the period from January to September[6] - Net profit attributable to shareholders was a loss of CNY 41,356,972.20, a decrease of 242.89% compared to the same period last year[6] - Basic and diluted earnings per share were both negative CNY 0.46, a decrease of 206.98% compared to the same period last year[7] - Total revenue for Q3 2020 was CNY 153,107,541.11, a decrease from CNY 171,889,649.43 in Q3 2019, representing a decline of approximately 10.9%[28] - Net profit for Q3 2020 was a loss of ¥14,857,446.23, compared to a profit of ¥9,067,631.92 in Q3 2019, representing a significant decline[30] - The company reported a total profit loss of ¥18,207,121.78 for Q3 2020, compared to a profit of ¥13,654,747.69 in Q3 2019[34] - The company's net profit as of the report date is negative, with a high likelihood of negative cumulative net profit for the entire year due to increased sales and R&D expenses and a decline in overseas revenue[15] Assets and Liabilities - Total assets increased by 32.34% to CNY 1,307,865,616.86 compared to the end of the previous year[6] - Current assets totaled 1,063,417,831.69 RMB, up from 789,176,644.23 RMB at the end of 2019[19] - Total liabilities reached $368.71 million, with current liabilities at $364.31 million and non-current liabilities at $4.40 million[49] - The total liabilities to total assets ratio is approximately 48.1%, indicating a moderate level of leverage[45] - The total liabilities to equity ratio stands at approximately 0.69, suggesting a balanced approach to leveraging[49] Shareholder Information - The company had a total of 6,700 shareholders at the end of the reporting period[11] - The top shareholder, Shenzhen Jisrui Investment Co., Ltd., held 21,641,000 shares, accounting for 23.61% of total shares[11] - The company issued new shares, resulting in a 33.33% increase in share capital to CNY 91,679,495.00 from CNY 68,759,495.00[14] Cash Flow - The net cash flow from operating activities was a negative CNY 134,277,624.08, a decrease of 553.51% compared to the same period last year[6] - Net cash flow from investing activities was -335,475,433.85 RMB, a decrease of 434.48% year-on-year, primarily due to the purchase of financial products with idle raised funds[15] - Cash inflow from financing activities was 648,707,203.23 RMB in 2020, significantly higher than 182,061,222.54 RMB in 2019, showing a 257% increase in financing[38] - The company's cash flow from operating activities has shown a negative trend, which may impact future operational strategies and liquidity management[41] Research and Development - R&D investment accounted for 14.96% of operating revenue, an increase of 6.98 percentage points[7] - Research and development expenses grew by 58.26% to CNY 64,645,814.16 from CNY 40,848,739.34, reflecting increased personnel and material costs[14] - Research and development expenses for the first three quarters of 2020 amounted to CNY 64,645,814.16, compared to CNY 40,848,739.34 in the same period of 2019, an increase of about 58.5%[28] - Research and development expenses increased to ¥23,734,368.21 in Q3 2020, up 71.1% from ¥13,866,474.55 in Q3 2019[33] Investment Activities - Trading financial assets increased significantly by 2,858,881.06% to CNY 285,898,105.76 from CNY 10,000.00, primarily due to new investments in financial products[13] - Investment income surged by 202.57% to CNY 4,810,536.77 from CNY 1,589,914.61, driven by higher returns from financial products[14] - The total cash outflow for investment activities was 1,287,536,545.62 RMB in 2020, compared to 537,856,500.43 RMB in 2019, reflecting a significant increase in capital expenditures[38] Financial Stability - The company reported government subsidies of CNY 4,021,264.47 for the period from July to September[8] - The company has successfully expanded into multiple IoT niche markets, leading to increased sales and R&D investments[15] - The company plans to expand its market presence and invest in new technologies to drive future growth[24] - The company is focusing on strategic acquisitions to enhance its competitive position in the market[24]

Financial Performance - The company's revenue decreased by 17.95% year-on-year, primarily due to reduced overseas orders caused by the pandemic[18]. - The net profit attributable to shareholders decreased by 233.33%, while the net profit after deducting non-recurring gains and losses decreased by 265.50%[18]. - The basic earnings per share for the reporting period was -0.30 yuan, compared to 0.30 yuan in the same period last year, reflecting a 200% decline[18]. - The diluted earnings per share also stood at -0.30 yuan, marking a 200% decrease year-on-year[18]. - The company's operating cash flow decreased by 249.75% compared to the same period last year, primarily due to delayed customer payments and raw material procurement[19]. - Revenue for the first half of the year was CNY 278,902,084.26, a decrease of 17.95% year-on-year[19]. - The net profit attributable to shareholders was a loss of CNY 26,499,525.97, representing a decline of 233.33% compared to the previous year[19]. - The company reported a net loss for the first half of 2020 due to the impact of COVID-19 and increased R&D and sales expenses[67]. - The net cash flow from operating activities was -113.7 million RMB, a year-on-year change of -249.77%[60]. - The company reported a significant increase in interest expenses to CNY 4,288,185.35 in the first half of 2020, compared to CNY 2,666,044.08 in the first half of 2019[155]. Research and Development - The R&D expenditure accounted for 14.44% of operating revenue, an increase of 6.82 percentage points compared to the previous year[18]. - The company is focusing on expanding its sales and R&D teams to enhance operational capabilities[18]. - The company has implemented a strict R&D management system to innovate and develop new products based on market demand and core technologies[28]. - The company has invested a total of ¥40,281,673.04 in R&D, which accounts for 14.44% of its operating revenue[36]. - The company is actively working on five major R&D projects, including 5G wireless communication modules and solutions, with a total expected investment of ¥22,210.51 million[37]. - The number of R&D personnel is 376, accounting for 63% of the total workforce, with an average salary of 93,216.69 RMB[41]. - Research and development expenses increased by 55.43% to 40.3 million RMB, reflecting the company's commitment to innovation[60]. - The company has filed 24 patent applications during the reporting period, including 14 invention patents, bringing the total number of patents to 37[34]. Market Position and Strategy - The company is focused on providing stable and reliable communication products and services for the IoT industry, with three main product categories: wireless communication modules, terminals, and solutions[25]. - The company has a strong position in the smart energy sector, with over 50% of the 4G wireless communication module shipments for smart grid applications in the national grid procurement[29]. - The company plans to further expand its global market presence through existing partnerships and its overseas sales department[28]. - The company has established a strong market position in the industrial IoT sector, particularly in the China Tower dynamic monitoring field, and is collaborating with Haier to develop IoT solutions for smart manufacturing[30]. - The company is focusing on building a comprehensive service capability that integrates modules, terminals, and solutions, targeting high-end markets in Europe and the US[30]. - The company is exploring new business models and applications in the sharing economy, enabled by IoT technologies[30]. Financial Position - The net assets attributable to shareholders increased by 73.87% to CNY 891,419,656.62 compared to the end of the previous year[19]. - Total assets rose by 34.94% to CNY 1,333,524,851.40 compared to the end of the previous year[19]. - Cash and cash equivalents increased by 28.65% to 140,633,919.35 RMB, primarily due to new stock issuance[42]. - The company’s trading financial assets surged by 2,513,451.45% to 251,355,145.20 RMB, attributed to investments made with idle funds[42]. - The company’s intangible assets increased by 61.44% to 20,090,237.24 RMB, mainly due to new licensing rights and management software[43]. - Deferred tax assets grew by 143.73% to 6,188,994.65 RMB, resulting from deductible losses[43]. - The company’s total liabilities decreased to CNY 442,105,194.78 from CNY 475,564,221.37, a reduction of about 7%[146]. - Shareholders' equity rose to CNY 891,419,656.62, compared to CNY 512,682,353.13, reflecting an increase of approximately 73.8%[146]. Operational Challenges - The company faces risks related to a significant decline in revenue from the European and American markets due to the ongoing impact of the COVID-19 pandemic[51]. - The company is dependent on imported chips, which poses a risk to its production and profitability if international trade issues arise[53]. - The company has a long accounts receivable cycle, which may affect cash flow and operational efficiency[54]. - The company is experiencing negative net cash flow from operating activities, which could pressure its funding and business expansion efforts[55]. - The ongoing COVID-19 pandemic has significantly impacted the macroeconomic environment, affecting the company's supply chain and market demand[58]. Shareholder and Compliance Matters - The company has not proposed any profit distribution plan for the reporting period[6]. - The company did not propose any profit distribution or capital reserve transfer for the half-year period[72]. - The company has established strict compliance measures to ensure the integrity of shareholder obligations[75]. - The company will comply with all relevant laws and regulations regarding shareholder holdings and share transfers[76]. - The company will notify the market four trading days before any share reduction and announce it three trading days prior[74]. - The company will ensure compliance with laws and regulations regarding shareholder obligations and share transfers[78]. - The company will not engage in unfair benefit transfers to other entities or individuals, nor will it harm the company's interests[98]. - The company will compensate investors for any losses caused by violations of its commitments[98]. Environmental and Social Responsibility - The company has no significant pollution sources and does not belong to heavily polluting industries, ensuring minimal environmental impact during operations[117]. - The company has implemented necessary measures to manage and reduce the emission of minor pollutants[117]. - The management emphasized a focus on sustainability initiatives, aiming for a 20% reduction in carbon footprint by 2025[84]. Corporate Governance - The financial report does not indicate any bond-related issues during the reporting period[142]. - The company has not reported any significant environmental incidents or pollution accidents during the reporting period[117]. - The company has not engaged in any significant related party transactions during the reporting period[106]. - The company has confirmed its ability to continue as a going concern for the next twelve months, ensuring operational stability[178]. - The company’s financial statements are prepared in accordance with the enterprise accounting standards, ensuring transparency and accuracy[180].

Financial Performance - Net profit attributable to shareholders decreased by 162.39% to a loss of CNY 9,633,019.08 compared to the same period last year[5]. - Operating revenue decreased by 28.71% to CNY 114,714,005.47 compared to the previous year[5]. - Basic and diluted earnings per share were both -CNY 0.11, a decrease of 147.83% compared to the previous year[5]. - The company reported a gross loss of ¥11,951,801.01 for Q1 2020, compared to a gross profit of ¥43,192,385.27 in Q1 2019[27]. - Operating profit for Q1 2020 was a loss of ¥10,497,601.62, compared to a profit of ¥17,337,143.42 in Q1 2019[28]. - The company reported a total comprehensive loss of -4,903,770.10 RMB for the quarter, indicating challenges in profitability[30]. Cash Flow - Cash flow from operating activities showed a significant decline of 739.17%, resulting in a net cash outflow of CNY 100,852,885.48[5]. - In Q1 2020, the company reported a net cash flow from operating activities of -100,852,885.48 RMB, a significant decline compared to 15,778,846.24 RMB in Q1 2019, indicating a negative cash flow trend[33]. - The company experienced a cash outflow of 264,381,437.23 RMB in operating activities, which is an increase of 49.8% compared to 176,483,630.08 RMB in Q1 2019[33]. - Total cash inflow from operating activities was 163,528,551.75 RMB, down 15% from 192,262,476.32 RMB in the same period last year[33]. - Investment activities resulted in a net cash outflow of -292,336,798.48 RMB, worsening from -39,685,224.65 RMB in the previous year[33]. - The net cash flow from financing activities was 413,466,331.45 RMB, compared to 26,045,871.16 RMB in the same quarter last year, reflecting a strong financing position[34]. Assets and Liabilities - Total assets increased by 37.37% to CNY 1,357,570,255.74 compared to the end of the previous year[5]. - Total current assets increased to CNY 1,151,353,215.80 as of March 31, 2020, up from CNY 789,176,644.23 as of December 31, 2019, representing a growth of approximately 46.1%[19]. - Total liabilities decreased to CNY 441,858,053.13 from CNY 475,564,221.37, a reduction of about 7.1%[21]. - Shareholders' equity increased significantly to CNY 915,712,202.61 from CNY 512,682,353.13, representing a growth of approximately 78.6%[21]. - The company reported a decrease in prepayments by CNY 3,095,062.52, indicating a shift in cash flow management[40]. - Long-term borrowings were recorded at CNY 65,707,183.00, suggesting a stable debt structure[40]. Research and Development - Research and development expenses accounted for 15.23% of operating revenue, an increase of 7.67 percentage points[5]. - Research and development expenses increased by 43.72% to RMB 17.47 million, up from RMB 12.16 million in Q1 2019[14]. - The company's R&D expenses increased to ¥17,472,020.81 in Q1 2020, up 43.5% from ¥12,157,400.64 in Q1 2019[27]. Shareholder Information - The number of shareholders reached 8,505 at the end of the reporting period[10]. - The company issued new shares, resulting in a 33.33% increase in share capital to RMB 91.68 million from RMB 68.76 million[14]. - Shareholders' equity increased to ¥944,380,839.07 in Q1 2020, up from ¥536,621,740.61 in Q1 2019, representing a growth of 75.9%[25]. Inventory and Receivables - Inventory increased by 32.80% to RMB 266.61 million, compared to RMB 200.76 million at the end of 2019, due to increased material stocking in response to COVID-19[13]. - Other receivables rose by 37.57% to RMB 19.74 million, attributed to unreceived invoices at the end of the reporting period[13]. - The company reported a total of CNY 356,330,675.82 in accounts receivable as of March 31, 2020, compared to CNY 386,947,351.55 in the previous quarter, indicating a decrease of about 7.9%[24].

Financial Performance - The company reported a total operating revenue of RMB 782.17 million for the year 2019, with a net profit attributable to shareholders of RMB 54.56 million[5]. - The company's operating revenue for 2019 was approximately ¥782.17 million, representing a year-on-year increase of 40.39% compared to ¥557.14 million in 2018[20]. - The net profit attributable to shareholders for 2019 was approximately ¥54.56 million, a year-on-year increase of 25.44% from ¥43.50 million in 2018[20]. - The basic earnings per share for 2019 was ¥0.7993, reflecting an increase of 11.15% from ¥0.7191 in 2018[21]. - The company's total revenue for 2019 reached 782.17 million yuan, representing a year-on-year growth of 40.39%[57]. - Net profit for the year was 54.56 million yuan, an increase of 25.44% compared to the previous year[57]. Cash Dividends - The proposed cash dividend distribution is RMB 0.81 per 10 shares (including tax), resulting in a total cash dividend payout of approximately RMB 7.43 million based on the total share capital of 91,679,495 shares as of March 31, 2020[5]. - The cash dividend ratio for the year is 13.61%[5]. - The cash dividend payout ratio for 2019 was 13.61%, significantly lower than the 41.20% in 2018, reflecting the company's need for retained earnings to support market expansion and R&D investments[116]. Research and Development - Research and development expenses accounted for 7.93% of operating revenue in 2019, up from 7.28% in 2018, indicating a focus on innovation[21]. - The company has invested a total of ¥62,051,573.51 in R&D, which accounts for 7.93% of its operating revenue[44]. - The company is currently working on several R&D projects, including a high-speed LTE-V2X wireless communication module with a total investment of ¥82.37 million[47]. - The company has a workforce of 321 R&D personnel, representing 58.47% of its total staff[44]. - The company has developed and launched new products including the next-generation 4G smart OBD product and the NB-IoT module, expanding its applications in smart energy[42]. - The company applied for 26 patents during the reporting period, bringing the total to 32 patents by the end of the period[58]. Market Expansion - The company has expanded its overseas market presence, with increasing revenue from international sales through partnerships and its own sales team[34]. - The company aims to further develop its global market strategy, leveraging existing partnerships and expanding its sales team[34]. - The company is focusing on expanding its market presence in Europe and the United States with its new products[42]. - The company plans to expand its market presence in smart energy, vehicle networking, commercial retail, and smart city sectors, aiming for significant market share in these verticals[107]. - The company is focusing on market expansion in sectors such as smart energy, vehicle networking, commercial retail, and smart cities, leveraging retained earnings for these initiatives[115]. Operational Efficiency - The company employs an outsourcing production model, ensuring quality control while focusing on R&D and sales[32]. - The company is focusing on enhancing its sales and management teams to improve operational efficiency and reduce financial costs[110]. - The company plans to enhance investment in market and R&D to improve operational efficiency and resilience against macroeconomic uncertainties[68]. Financial Position - The company's total assets at the end of 2019 were approximately ¥988.25 million, a 32.49% increase from ¥745.89 million at the end of 2018[20]. - The net assets attributable to shareholders increased by 20.20% to approximately ¥512.68 million at the end of 2019 from ¥426.52 million at the end of 2018[20]. - The company's accounts receivable at the end of the reporting period stood at 372.77 million yuan, making up 47.23% of current assets[64]. - The company's total assets at the end of the reporting period were 988,000,000 RMB, with cash and cash equivalents amounting to 109,317,969.73 RMB, representing 11.06% of total assets[89]. Risks and Challenges - The company is facing risks from intensified industry competition and potential changes in Qualcomm's rebate policies, which could significantly impact operational performance[65]. - Future market competition may lead to a decline in the relatively high gross margin of the company's wireless communication terminals[65]. Corporate Governance - The company will strictly comply with national laws and regulations regarding shareholder holdings and share transfers, ensuring integrity in fulfilling shareholder obligations[120]. - The company has committed that any illegal proceeds from share reductions will be returned to the company, and cash dividends may be withheld to cover these amounts[121]. - The company will announce any share reductions four trading days in advance, with a public announcement three trading days prior to the reduction[121]. Social Responsibility - The company emphasizes social responsibility and has engaged in partnerships with universities for technology cooperation and innovation[186]. - The company has a commitment to protecting employee rights and providing a supportive work environment[182]. Legal and Compliance - There were no significant lawsuits or arbitration matters during the reporting period[168]. - The company has not faced any situations leading to potential delisting[168]. - The company will ensure the accuracy and completeness of its IPO prospectus, bearing legal responsibility for any misstatements[152].