证券代码：688175 证券简称：高凌信息 公告编号：2023-030 珠海高凌信息科技股份有限公司特定股东 减持股份计划公告 本公司董事会、全体董事及相关股东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： 股东持股的基本情况 | 股东名称 | 股东身份 | 持股数量（股） | 持股比例 | | 当前持股股份来源 | | --- | --- | --- | --- | --- | --- | | 深圳科微融 | | | | | | | 发企业管理 | 5%以下股东 | 3,245,248 | | 3.49% | IPO 前取得：3,245,248 股 | | 合伙企业（有 | | | | | | | 限合伙） | | | | | | | 厦门鑫九投 | | | | | | | 资管理有限 | | | | | | | 公司－金起 | | | | | | | 航贰号（厦 | 5%以下股东 | 695,410 | | 0.75% | IPO 前取得：695,410 股 | | 门）投资合伙 | | | | | | | 企业（有限合 ...

证券代码：688175 证券简称：高凌信息 公告编号：2023- 019 珠海高凌信息科技股份有限公司 关于召开2022年度暨2023年第一季度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 会议召开时间：2023 年 5 月 17 日（星期三）15:00-16:00 会议召开方式：网络互动方式 会议召开地点：价值在线（www.ir-online.cn） 一、说明会类型 本次说明会以文字互动方式召开，公司将针对 2022 年度及 2023 年第一季度 的经营成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允 许的范围内就投资者普遍关注的问题进行解答。 二、说明会召开的时间、地点和方式 会议召开时间：2023 年 5 月 17 日（星期三）15:00-16:00 会议召开地点：价值在线（www.ir-online.cn） 会议召开方式：网络互动方式 重要内容提示： 会议问题征集：投资者可于 2023 年 5 月 17 日前访问网址 https://eseb.cn/14xclBrv8qY 或扫描 ...

Financial Performance - The company has not achieved profitability since its listing, indicating ongoing financial challenges [4]. - The company reported a significant increase in user-generated data, encompassing text, voice, video, and files, contributing to overall performance metrics [12]. - The company achieved a year-over-year revenue growth of 15%, reaching $1.5 billion in total revenue for the fiscal year [15]. - The net profit attributable to shareholders decreased by 25.66% to CNY 88.42 million from CNY 118.93 million in the previous year [23]. - The company's operating revenue for 2022 was CNY 517.45 million, an increase of 4.48% compared to CNY 495.25 million in 2021 [23]. - The company reported a quarterly revenue of CNY 241.54 million in Q4 2022, with a net profit of CNY 46.56 million attributable to shareholders [27]. - The company’s investment income increased by 172.13% to CNY 16.55 million, driven by returns from short-term structured deposit investments [136]. - The company’s major clients include defense units and government agencies, with the top five clients contributing 64.16% of total revenue, indicating a high customer concentration risk [128]. - The company’s revenue from its core business segments, including military telecommunications and network security, is significantly influenced by major contract execution progress [129]. - The company reported a significant increase in direct material costs for network content security, rising by 232.59% year-on-year [140]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of RMB 3 per 10 shares, totaling RMB 27,871,913.70, which represents 31.52% of the net profit attributable to ordinary shareholders for 2022 [5]. - The total share capital is 92,906,379 shares, which will be used to calculate the dividend distribution [5]. - The company will not conduct capital reserve transfers to increase share capital or issue bonus shares for the 2022 fiscal year [5]. - The company launched a stock incentive plan on August 6, 2022, granting 940,000 restricted stocks to 14 core employees, with an additional 180,000 reserved for future incentives [43]. Research and Development - The company is investing heavily in R&D, with a budget allocation of $200 million for the development of new technologies and products [15]. - The company invested CNY 73,421,339.47 in R&D, accounting for 14.19% of the annual operating revenue [36]. - The company applied for 59 new invention patents and received 45 invention patent authorizations in 2022, bringing the total authorized patents to 150 [36]. - The company has received recognition as a national "Little Giant" enterprise and as a model enterprise for intellectual property in Guangdong Province [36]. - The company has developed key products such as DPI products and data platforms with 5G signaling and user plane analysis capabilities, which are currently in trial use in several provincial communication management bureaus [40]. Market Expansion and Strategic Initiatives - Future outlook indicates a projected revenue increase of 20% for the next fiscal year, driven by new product launches and market expansion strategies [15]. - Market expansion efforts include entering three new international markets, expected to contribute an additional $300 million in revenue over the next two years [15]. - The company is focusing on sustainability initiatives, with a goal to reduce operational carbon emissions by 40% by 2025 [15]. - The company is actively working on projects that include a comprehensive anti-fraud system for public security, with an investment of ¥1,900 million [110]. - The company is planning to launch a new generation of cloud and data center products, suitable for various high-security scenarios including finance and government [113]. Operational Challenges and Risks - The company has detailed various operational risks in the annual report, which investors should review [4]. - The net cash flow from operating activities showed a significant decline, with a net outflow of CNY 16.66 million compared to a positive inflow of CNY 117.37 million in 2021, representing a decrease of 114.19% [24][25]. - The gross profit margin is subject to fluctuations due to factors such as industry development, revenue structure, and raw material prices, leading to potential risks in profitability [129]. - The company’s investment activities generated a net cash outflow of CNY 985.27 million, primarily due to increased purchases of structured deposits [134]. Governance and Compliance - The company has established an internal control system to promote standardized operations and improve governance levels [175]. - The governance structure includes a board of directors, supervisory board, and management team, ensuring compliance with relevant laws and regulations [175]. - The company has not been subject to penalties from securities regulatory agencies in the past three years [191]. - The company plans to continue its internal audit and oversight processes, with the appointment of a new internal audit head approved [195]. Environmental and Social Responsibility - The company has established a comprehensive environmental monitoring solution, including noise, air quality, and water quality monitoring systems, to support environmental protection efforts [48]. - The company is focusing on developing low-cost, efficient environmental IoT applications to enhance data collection and monitoring capabilities [168]. - The company has developed a VOCs online monitoring system and a comprehensive management platform for industrial emissions, enhancing regulatory compliance capabilities [49]. - The company actively engaged in public welfare campaigns related to anti-telecom fraud and noise pollution prevention, enhancing its brand influence [37]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25% based on new product launches and market expansion strategies [186]. - The company plans to enhance its research and development efforts, particularly in areas such as IMS communication systems and environmental monitoring solutions, to meet market demands [167]. - The company is committed to improving its internal management and information technology capabilities to support business growth and compliance with regulations [171].

Financial Performance - The company's operating revenue for Q1 2023 was ¥19,664,348.34, representing a decrease of 57.05% compared to the same period last year[2] - The net profit attributable to shareholders was -¥10,515,293.59, a decline of 562.09% year-over-year[2] - The basic and diluted earnings per share were both -¥0.11, reflecting a decrease of 446.57% compared to the previous year[2] - Net profit for Q1 2023 was a loss of ¥10,548,494.54, compared to a profit of ¥2,208,843.01 in Q1 2022[18] - Basic and diluted earnings per share for Q1 2023 were both -¥0.11, compared to ¥0.03 in Q1 2022[19] Cash Flow - The net cash flow from operating activities was -¥30,572,483.99, indicating significant cash outflow during the quarter[2] - Cash inflow from operating activities in Q1 2023 was ¥80,386,695.21, an increase of 28.9% from ¥62,393,012.22 in Q1 2022[20] - The net cash flow from operating activities for Q1 2023 was -$30.57 million, an improvement from -$46.68 million in Q1 2022, indicating a 34.5% reduction in cash outflow[21] - The company reported a total cash outflow from operating activities of $110.96 million, slightly higher than $109.07 million in Q1 2022, showing a marginal increase[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,011,850,076.85, a slight increase of 0.17% from the end of the previous year[3] - Total current assets decreased to ¥1,640,858,356.72 from ¥1,916,406,883.36, reflecting a decline of about 14.4% year-over-year[12] - Total liabilities as of Q1 2023 were ¥175,365,913.97, an increase of 6.5% from ¥164,018,254.86 in Q1 2022[17] - The accounts payable increased to ¥62,778,730.01 from ¥59,826,542.46, showing an increase of approximately 4.9%[13] - The contract liabilities surged to ¥83,269,301.82 from ¥42,770,187.80, marking a significant increase of about 94.8%[13] Investment Activities - The company reported non-recurring gains of ¥8,409,593.54, primarily from financial asset transactions[6] - The company reported an investment income of ¥8,164,235.27 in Q1 2023, significantly up from ¥2,749,350.55 in Q1 2022[18] - Cash received from investment income was $11.38 million, up from $2.75 million in the previous year, reflecting a 314.5% increase[21] - Cash paid for other investment activities amounted to $1.87 billion, compared to $430 million in Q1 2022, indicating a significant increase in investment spending[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 7,739[9] - The largest shareholder, Zhuhai Gaoling Technology Investment Co., Ltd., held 43.39% of the shares[9] Research and Development - Research and development expenses totaled ¥15,639,013.63, down by 4.51% year-over-year, but accounted for 93.25% of operating revenue, an increase of 57.28 percentage points[3] - The company has no significant new product or technology developments reported in this quarter[11] Future Outlook - The company has not provided any specific future outlook or performance guidance for the upcoming quarters[11] - There are no updates on market expansion or mergers and acquisitions mentioned in the report[11]

证券代码：688175 证券简称：高凌信息 珠海高凌信息科技股份有限公司投资者关系活动记录表 （2022 年 5 月） 编号：2022-01 | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------|--------------------------------------------------------|----------------------------|--------|-------|-------|----------------------------------------------|-------| | | | | | | | | | | 投资者关系活动 | 特定对象调研 □分析师会议 | | | | | | | | 类别 | 媒体采访 □业绩说明会 | | | | | | | | | □新闻发布会 | □路演活动 | | | | | | | | □现场参观 □一对一沟通 | | | | | | | | | □其他 （请文字说明其他活动内容） | | | | | | | | 参与单位名称及 | 易方 ...

2022 年第三季度报告 证券代码：688175 证券简称：高凌信息 珠海高凌信息科技股份有限公司 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 末比上年同期 | | --- | --- | --- | --- | --- | | | | 期增减变 | 年初至报告期末 | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 | 48,461,485.97 | -22.96 | 275,916,827.74 | 5.83 ...

Financial Performance - The company reported a total revenue of RMB 100 million for the first half of 2022, representing a year-on-year increase of 15%[1]. - The company has set a revenue guidance of RMB 250 million for the full year 2022, indicating a growth target of 25%[1]. - The company's operating revenue for the first half of 2022 was ¥227,455,341.77, representing a 14.98% increase compared to ¥197,817,062.60 in the same period last year[19]. - The net profit attributable to shareholders decreased by 2.25% to ¥36,928,719.71 from ¥37,777,015.02 year-on-year[19]. - The net profit after deducting non-recurring gains and losses dropped by 42.82% to ¥17,208,341.26, primarily due to increased costs from a major contract and higher bad debt provisions[19][21]. - The company achieved a revenue of 4,000 million with a net profit of 258.81 million, indicating a strong performance in the telecommunications network sector[44]. - The company reported a total revenue of 34,054.11 million RMB, with a net profit of 2,895.57 million RMB, reflecting a significant performance in the current period[50]. - The company achieved a revenue of 1,293.00 million in the first half of 2022, with a growth of 0.38% compared to the previous period[46]. Research and Development - The company has invested RMB 20 million in research and development for new technologies in the first half of 2022, a 10% increase from the previous year[1]. - The R&D expenditure accounted for 16.01% of operating revenue, a decrease of 1.41 percentage points compared to the previous year[20]. - The company is focused on developing military telecommunications equipment and IoT applications, aiming to enhance national defense communication security and public safety[27]. - The company has added 24 new patents during the reporting period, including 16 invention patents, bringing the total number of authorized patents to 122, with 82 being invention patents[38]. - Total R&D investment amounted to ¥36,426,180.63, representing a 5.70% increase compared to the previous year, while the ratio of R&D investment to operating revenue decreased from 17.42% to 16.01%[41]. - The company is currently developing a new generation of integrated communication systems with an expected total investment of ¥900 million, which is in the testing phase[43]. Market Expansion and Strategy - The company is expanding its market presence in Southeast Asia, targeting a 30% market share by the end of 2023[1]. - A strategic acquisition of a local tech firm is in progress, aimed at enhancing technological capabilities and market reach[1]. - The company continues to focus on military communication, environmental IoT applications, and cybersecurity sectors to strengthen its market position[60]. - The company has developed a comprehensive product layout across various sectors, including military telecom, network content security, and environmental IoT applications[57]. Financial Position and Assets - The company's total assets increased by 112.53% to ¥1,950,432,305.47 compared to ¥917,701,859.64 at the end of the previous year[19]. - The net assets attributable to shareholders rose by 160.94% to ¥1,789,726,220.20 from ¥685,871,624.46 at the end of the previous year[19]. - The company's total liabilities decreased to RMB 161,423,298.91 from RMB 232,343,873.80[146]. - The total equity attributable to the parent company increased significantly to RMB 1,789,726,220.20 from RMB 685,871,624.46[146]. Governance and Compliance - The board confirmed that all directors attended the board meeting, ensuring governance compliance[1]. - The company emphasizes compliance and governance, enhancing its operational framework to mitigate risks[62]. - The management team possesses extensive industry experience and has implemented equity incentives to ensure stability and effective execution of strategies[58]. Risks and Challenges - The management highlighted potential risks including market competition and regulatory changes, which could impact future performance[1]. - The company is facing risks related to the execution of major contracts, which could lead to significant revenue volatility[68]. - The company has invested heavily in the nascent field of intrinsic cybersecurity, which may take time to gain market acceptance[69]. Shareholder and Stock Information - The company launched its first stock incentive plan on August 6, 2022, granting 940,000 restricted stocks to 14 core employees[62]. - The company successfully completed its IPO on March 15, 2022, improving its asset structure and capital framework[60]. - The controlling shareholder committed not to transfer or manage shares for 36 months post-listing, with a lock-up extension if share price falls below the issue price for 20 consecutive trading days[100]. - The company has established a strategy to manage share transfers and ensure compliance with regulatory requirements to protect investor interests[102]. Environmental and Social Responsibility - The company emphasizes environmental protection as a key component of its sustainable development strategy, promoting energy conservation and green practices among employees[93]. - The company actively utilizes IoT technology in environmental monitoring to provide comprehensive and accurate data, enhancing monitoring quality and efficiency[93].

Financial Performance - The company's operating revenue for Q1 2022 was ¥45,785,275.50, a decrease of 26.98% compared to the same period last year[3]. - Net profit attributable to shareholders was ¥2,275,572.78, down 60.22% year-over-year[3]. - The net profit after deducting non-recurring gains and losses was -¥8,705,121.04, reflecting a decline of 305.29%[3]. - The basic and diluted earnings per share were both ¥0.03, down 60.22% compared to the same period last year[3]. - The total profit for Q1 2022 was CNY 298,096.42, down from CNY 4,093,505.88 in the same period last year, reflecting a decline of 92.73%[16]. - Operating profit for Q1 2022 was CNY 376,192.60, significantly lower than CNY 4,093,505.88 in Q1 2021, indicating a decrease of 90.83%[16]. - In Q1 2022, the company reported a net profit of CNY 2,208,843.01, a decrease of 61.39% compared to CNY 5,721,013.70 in Q1 2021[16]. - The company reported a net loss for Q1 2022, with total costs exceeding total revenue[15]. Cash Flow and Investments - The net cash flow from operating activities was -¥46,677,494.98, a decrease of 158.06% compared to the previous year[3]. - Cash flow from operating activities in Q1 2022 was negative at CNY -46,677,494.98, compared to a positive CNY 80,390,269.11 in Q1 2021[20]. - The company generated CNY 312,763,847.59 from investment activities in Q1 2022, a substantial increase from CNY 110,135,524.71 in Q1 2021[20]. - Cash flow from financing activities yielded a net increase of CNY 1,115,542,498.54 in Q1 2022, with total cash inflow from financing activities at CNY 1,122,948,142.28[21]. - The company received CNY 27,848,810.56 in cash related to operating activities, a significant increase from CNY 3,837,624.12 in Q1 2021[20]. - Cash and cash equivalents as of March 31, 2022, were CNY 1,213,856,420.50, significantly up from CNY 263,161,416.73 as of December 31, 2021[12]. - The company's cash and cash equivalents at the end of Q1 2022 stood at CNY 1,208,177,448.76, up from CNY 249,044,670.46 at the end of Q1 2021[21]. Assets and Equity - Total assets at the end of the reporting period were ¥2,038,441,472.43, an increase of 122.12% from the end of the previous year[4]. - Total assets as of March 31, 2022, reached CNY 2,038,441,472.43, compared to CNY 917,701,859.64 at the end of 2021, reflecting a growth of 121.67%[13]. - Shareholders' equity attributable to the parent company was ¥1,799,825,893.71, up 162.41% year-over-year[4]. - Shareholders' equity as of March 31, 2022, was CNY 1,799,245,525.32, up from CNY 685,357,985.84 at the end of 2021, representing an increase of 162.80%[14]. Research and Development - R&D investment totaled ¥16,377,082.49, a slight decrease of 1.37%, but accounted for 35.77% of operating revenue, an increase of 9.29 percentage points[4]. - Research and development expenses for Q1 2022 amounted to CNY 16,377,082.49, compared to CNY 16,603,953.36 in Q1 2021, indicating a decrease of 1.36%[15]. Government Support and Future Plans - The company received government subsidies amounting to ¥9,755,328.06, which contributed to the non-recurring gains[5]. - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming quarters[11]. - The company has not disclosed any significant new product launches or technological advancements during this reporting period[11]. Return on Equity - The weighted average return on equity decreased by 0.61 percentage points to 0.33%[3].

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB, representing a 15% year-over-year growth[12]. - The company's operating revenue for 2021 was approximately CNY 495.25 million, representing a year-on-year increase of 24.57% compared to CNY 397.58 million in 2020[20]. - The net profit attributable to shareholders for 2021 was approximately CNY 118.93 million, an increase of 8.76% from CNY 109.35 million in 2020[20]. - The net profit attributable to shareholders was CNY 118.93 million, with a year-on-year increase of 8.76%[33]. - The net profit excluding non-recurring gains and losses was CNY 102.48 million, reflecting a growth of 7.88% year-on-year[33]. - The net cash flow from operating activities increased by 88.71% to approximately CNY 117.37 million in 2021, up from CNY 62.20 million in 2020, due to increased sales and improved collections[21]. - The total assets at the end of 2021 were approximately CNY 917.70 million, a 3.23% increase from CNY 888.95 million at the end of 2020[21]. - The basic earnings per share for 2021 was CNY 1.71, a decrease of 1.72% compared to CNY 1.74 in 2020[22]. - The weighted average return on equity decreased by 6.42 percentage points to 18.76% in 2021, primarily due to an increase in net assets[22]. - The company achieved operating revenue of CNY 494.74 million in 2021, representing a year-on-year growth of 24.62%[178]. - The gross profit margin for the military telecommunications equipment segment was 71.58%, while the network content security segment saw a gross margin of 59.51%[182]. Research and Development - The company is investing in research and development, allocating 10% of its revenue towards new technologies and innovations[12]. - Research and development expenses accounted for 16.13% of operating revenue in 2021, an increase of 0.65 percentage points from 15.48% in 2020, reflecting a commitment to R&D investment[22]. - The total R&D investment for the year reached ¥79,880,091.37, representing a 29.83% increase from the previous year's ¥61,527,542.12[137]. - The company has developed core technologies in big data applications, including data governance and machine learning, primarily for network content security and environmental IoT applications[132]. - The deep learning engine built on the big data platform supports over 100 machine learning and deep learning distributed algorithms, enhancing analysis speed and accuracy[132]. - The company has a unified management system for its dynamic early warning analysis and decision-making technologies, which integrates big data analysis and AI[132]. - The company has developed core patents in metamorphic defense technology and is a vice-chairman unit of the China Cybersecurity Technology and Industry Alliance, indicating a strong position in the endogenous security technology field[111]. - The company has a total of 100 patents, including 66 invention patents, 21 utility model patents, and 13 design patents as of December 31, 2021[134]. Market and Strategic Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[12]. - New product launches are expected to contribute an additional 200 million RMB in revenue, with a focus on enhancing user experience[12]. - Market expansion plans include entering two new international markets by the end of the next fiscal year[12]. - The company is considering strategic acquisitions to enhance its product offerings and market presence[12]. - The military telecommunications equipment business primarily generates revenue through hardware sales and technical services, including paid maintenance[66]. - The environmental IoT application business customizes project solutions based on user needs, focusing on ecological environment protection[67]. - The company’s environmental IoT application business is projected to reach a market size of 840 billion yuan in 2020, with expectations to exceed 1 trillion yuan by 2021, reflecting a growth rate of over 20%[95]. - The company has established six regional sales centers across China to enhance market expansion and customer maintenance in the environmental IoT sector[87]. Risk Management - The company has detailed various risks it may face in its operations within the annual report[4]. - The report includes a forward-looking statement risk declaration, indicating that future plans and strategies do not constitute a substantive commitment to investors[6]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[7]. - There are no violations of decision-making procedures for providing guarantees to external parties[7]. - The company faces risks related to seasonal fluctuations, with higher revenue typically generated in the second half of the year[168]. - The military telecommunications equipment business is subject to risks from changes in national policies and budget constraints, which could impact future performance[175]. Corporate Governance - The annual report received a standard unqualified audit opinion from Rongcheng Accounting Firm[5]. - The profit distribution plan requires approval from the annual general meeting of shareholders[5]. - The company has confirmed that all directors can guarantee the authenticity, accuracy, and completeness of the annual report[7]. - The company is implementing a stock incentive plan to motivate core employees and ensure the achievement of operational goals[39]. Product Development and Innovation - The company has developed five types of network elements that have received network access licenses from the Ministry of Industry and Information Technology[35]. - The company is advancing the development of 5G core network communication technology and has made significant progress in data platform breakthroughs[35]. - The company has developed a VOCs online monitoring system and a comprehensive control platform for industrial emissions, enhancing pollution management capabilities[49]. - The company is focused on expanding its IoT applications in environmental monitoring, addressing air, noise, and water quality issues[47]. - The company has developed a series of products based on the concept of intrinsic security, including the metamorphic router and switch, which enhance security against unknown vulnerabilities[61]. - The company’s video monitoring technology can analyze traffic volume and emissions based on image frame extraction, significantly reducing project implementation costs[128]. - The company is developing a communication big data intelligent middle platform, integrating data storage, governance, and analysis capabilities[146]. Customer and Supplier Relations - Sales revenue from the top five customers amounted to 24,314.97 million, accounting for 49.09% of total revenue, indicating a high customer concentration risk[167]. - Total sales to the top five customers amounted to 24,314.97 million RMB, representing 49.09% of the annual total sales[193]. - The largest customer contributed 11,766.19 million RMB, accounting for 23.76% of total sales[193]. - Total purchases from the top five suppliers were 4,876.41 million RMB, which is 33.66% of the annual total purchases[195]. - The largest supplier accounted for 1,315.58 million RMB, or 9.08% of total purchases[197].