投资者关系活动记录表 2022 年 5 月 股票名称：智洋创新 股票代码：688191 | --- | --- | |-----------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

投资者关系活动记录表 2022 年 6 月 股票名称：智洋创新 股票代码：688191 | --- | --- | |------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | 投资者关系活动类别 | 特定对象调研 分析师会议 媒体采访 业绩说明会 新闻发布会 路演活动 现场参观 其他 | | 参与单位名称及人员姓名 | 1 、高申资产：陈健 2 、煜德投资：王亮、首创计算机：翟炜、傅梦欣 3 、国泰君安：韩其成、郭浩然 4 、华安证券：张旭光、来祚豪 5 、东北证券：吴雨萌 6 、国泰君安 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥150,064,261.71, representing a year-over-year increase of 1.51%[5] - The net profit attributable to shareholders decreased by 68.60% in Q3 2022, amounting to ¥8,561,820.06[5] - The net profit attributable to shareholders, excluding non-recurring gains and losses, was ¥7,433,909.29, down 55.00% compared to the same period last year[5] - The basic earnings per share for Q3 2022 was ¥0.06, a decrease of 66.67% year-over-year[6] - The net profit attributable to shareholders for the year-to-date period decreased by 49.40%, totaling ¥25,787,667.32[5] - The decline in profits was primarily attributed to the impact of the pandemic and rising expenses outpacing revenue growth[10] - The total comprehensive income attributable to the parent company for the third quarter of 2022 was 25,787,667.32 RMB, while the total comprehensive income for the same period in 2021 was 50,961,823.58 RMB, showing a significant decrease[33] - The net profit for the third quarter of 2022 was ¥25,745,340.20, compared to ¥50,961,823.58 in the same quarter of 2021, indicating a decrease of 49.5%[27] - The net profit for the first three quarters of 2022 was ¥28,542,160.11, down 37.8% from ¥45,813,819.76 in the previous year[36] Research and Development - Research and development expenses totaled ¥17,779,672.37, accounting for 11.85% of operating revenue, a decrease of 0.46 percentage points[6] - Research and development expenses for the third quarter of 2022 amounted to ¥54,387,614.83, an increase of 22.0% from ¥44,605,084.34 in the previous year[27] - Research and development expenses for the first three quarters of 2022 were ¥33,244,049.89, slightly up from ¥32,547,568.84 in the same period of 2021[35] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,118,457,324.26, a decrease of 10.44% from the end of the previous year[6] - The total assets as of the end of the third quarter of 2022 were ¥1,118,457,324.26, down from ¥1,248,843,233.20 at the end of the same quarter in 2021, a decrease of 10.4%[22] - Total liabilities decreased to ¥290,583,116.77 in the third quarter of 2022 from ¥432,339,277.09 in the same quarter of 2021, a reduction of 32.7%[22] - The company reported a total liability of ¥351,537,593.84 as of the end of Q3 2022, a decrease of 28.1% from ¥488,623,001.83 at the end of Q3 2021[34] - The company's total equity increased to ¥827,874,207.49 in the third quarter of 2022, compared to ¥816,503,956.11 in the same quarter of 2021, a rise of 1.6%[23] - The total equity of the company increased to ¥784,822,556.91 in Q3 2022, compared to ¥772,755,485.62 in Q3 2021, reflecting a growth of 1.4%[34] Cash Flow - Cash and cash equivalents at the end of the third quarter of 2022 were ¥155,257,883.62, down from ¥373,127,055.36 in the previous year, a decline of 58.4%[21] - The net cash flow from operating activities for the first three quarters of 2022 was -117,486,111.90 RMB, an improvement from -175,528,700.20 RMB in the same period of 2021[30] - Cash inflow from operating activities was ¥411,523,131.74 in the first three quarters of 2022, compared to ¥354,825,181.62 in the same period of 2021, marking a 15.9% increase[38] - The company recorded a cash outflow of ¥846,274,705.20 from investing activities in the first three quarters of 2022, compared to ¥420,665,780.92 in the same period of 2021[38] - The company’s cash outflow from financing activities for the first three quarters of 2022 was -19,058,282.05 RMB, compared to a net inflow of 327,826,216.52 RMB in the same period of 2021[31] Shareholder Information - The total number of common shareholders at the end of the reporting period was 6,074[13] - The top shareholder, Zibo Zhiyang Holdings Co., Ltd., holds 52,416,000 shares, accounting for 34% of total shares[13] - Liu Guoyong, a natural person, holds 8,219,520 shares, representing 5.5% of total shares[13] - The company granted 300,000 restricted stock units to 7 eligible participants at a price of 8.4 RMB per share on June 30, 2022[16] - The stock grant price for the 2021 incentive plan was adjusted to 8.25 RMB per share, with 466,500 shares eligible for vesting[17] - As of October 20, 2022, 96 out of 97 eligible participants confirmed their application for vesting of the restricted stock units[18] - The company reported a total of 6,103,625 unrestricted circulating shares held by Ningbo Kunshi Tianli Venture Capital Partnership[14] - The total number of shares held by the top 10 unrestricted shareholders includes 5,739,126 shares held by Minsheng Securities Investment Co., Ltd.[14] - The company has not disclosed any related party transactions among the top shareholders[15] Financial Statements - The financial statements for the quarter ending September 30, 2022, are unaudited[19] - The company did not apply new accounting standards or interpretations for the first time in 2022[40]

Financial Performance - The company reported a total revenue of 500 million RMB for the first half of 2022, representing a 15% increase compared to the same period last year[12]. - The company has set a revenue guidance of 1.2 billion RMB for the full year 2022, indicating a projected growth of 10%[12]. - The company achieved operating revenue of CNY 313.26 million in the first half of 2022, representing a 32.16% increase compared to the same period last year[19]. - The net profit attributable to shareholders decreased by 27.30% to CNY 17.23 million, down from CNY 23.70 million in the previous year[19]. - Basic and diluted earnings per share fell by 42.11% to CNY 0.11, compared to CNY 0.19 in the same period last year[19]. - The company reported a total revenue of 10,926.00 million RMB for the first half of 2022, with a net profit of 3,660.79 million RMB, representing a year-on-year increase of 6,226.93 million RMB[101]. - The company reported a revenue of 800.00 million with a net profit of 651.97 million, achieving an industry-leading level in smart water management technology[99]. User Engagement and Market Expansion - User data showed an increase in active users by 20%, reaching 1.2 million by June 30, 2022[12]. - User data indicates that the company is in the research phase for drone technology, focusing on real-time monitoring and control systems for power transmission and transformation projects[96]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share in the region by 2025[12]. - Market expansion plans include entering three new international markets by Q4 2022, which is expected to increase market share by 10%[152]. Research and Development - The company has invested 50 million RMB in R&D for new technologies, focusing on smart grid solutions[12]. - Research and development expenses accounted for 11.69% of operating revenue, an increase of 0.55 percentage points year-on-year[19]. - The company plans to enhance its competitive advantage by increasing R&D investments in the power industry, focusing on artificial intelligence applications in various sectors[20]. - The company invested 6,902.19 million and 3,660.79 million in R&D in 2021 and the first half of 2022, representing year-on-year growth of 75.83% and 38.65%[76]. - The company added 69 new intellectual property rights during the reporting period, including 15 invention patents and 18 utility model patents, bringing the total to 458[89]. Product Development and Innovation - New product development includes the launch of a smart energy management system, expected to contribute an additional 100 million RMB in revenue by the end of 2022[12]. - The company is developing new products in various fields, including water resource management and geological disaster monitoring systems, with significant investment in R&D[101]. - The company is focusing on developing intelligent operation and maintenance systems in the railway sector to enhance efficiency and safety through the use of advanced technologies like big data and artificial intelligence[70]. - The company is developing a smart integrated management system for wind and solar power stations, utilizing drones and robots, with a focus on achieving "unmanned inspection and centralized control" in the future[85]. Strategic Acquisitions and Partnerships - A strategic acquisition of a local tech firm was completed, enhancing the company's capabilities in AI and IoT technologies[12]. - The company has established partnerships with several universities for R&D collaboration, enhancing its technological capabilities[106]. Risk Management and Challenges - The management highlighted potential risks including supply chain disruptions and regulatory changes, which could impact future performance[12]. - The company is exposed to risks from macroeconomic fluctuations, international trade uncertainties, and potential changes in tax incentives that could adversely affect its financial performance[121]. - The company is facing intensified competition in the electric power intelligent operation and maintenance sector, which may impact revenue growth and profitability[118]. Shareholder Value and Governance - The board has approved a share buyback program of up to 10 million shares to enhance shareholder value[12]. - The company has committed to maintaining a dividend payout ratio of 40% of net income, ensuring shareholder returns[152]. - The company will ensure the proper use of raised funds and improve efficiency in their application, aiming for early project completion and expected benefits[165]. - The company guarantees that it and its controlled entities will not engage in any competing business with its subsidiaries[178]. Environmental and Compliance - The company has not been listed as a key pollutant discharge unit by environmental protection authorities[145]. - There were no environmental penalties reported during the reporting period[145]. - The company emphasizes the importance of timely and accurate information disclosure in accordance with stock exchange regulations[150].

2022 年第一季度报告 证券代码：688191 证券简称：智洋创新 智洋创新科技股份有限公司 2022 年第一季度报告 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 第一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 项目 本报告期 本报告期比上年 同期增减变动幅 度(%) 营业收入 123,916,463.80 281.02 归属于上市公司股东的净利润 15,864,086.52 不适用 归属于上市公司股东的扣除非经 常性损益的净利润 14,966,639.85 不适用 经营活动产生的现金流量净额 -15,133,087.80 不适用 基本每股收益（元/股） 0.10 不适用 稀释每股收益（元/股） 0.10 不适用 加权平均净资产收益率（%） 1.92 不适用 研发投入合计 15,714,914.58 40.63 研发投入占营业收入的比例（%） 12.68 减少 21.68 个百 分点 本报告期末 上年度末 本报告期末比上 年度末增减变动 单位：元 币种：人民币 ...

Financial Performance - The company achieved operating revenue of CNY 656.02 million, a year-on-year increase of 30.62%, primarily driven by the growth in transmission business revenue[22]. - The net profit attributable to shareholders decreased by 23.55% to CNY 70.47 million, influenced by increased R&D investments and rising material costs[22][24]. - The company's R&D expenditure accounted for 10.52% of operating revenue, up from 7.82% in the previous year, reflecting a significant increase in R&D personnel and high-end talent[23][24]. - The net cash flow from operating activities dropped significantly to -CNY 50.76 million, mainly due to increased material purchases and longer settlement cycles with clients[24][25]. - Total assets at the end of 2021 reached CNY 1,248.84 million, a 74.06% increase year-on-year, largely due to funds raised from the IPO[25]. - The company's net assets attributable to shareholders grew by 107.07% to CNY 816.50 million, driven by the completion of the IPO[25]. - Basic and diluted earnings per share fell to CNY 0.50, a decrease of 37.50% compared to the previous year[23]. - The weighted average return on equity decreased to 10.58%, down 15.89 percentage points from the previous year[23]. - The company reported a total revenue of 13,586.60 million RMB, with a net profit of 8,987.89 million RMB for the year[112]. - The company reported a revenue increase of 15% year-over-year, reaching $1.2 billion in Q3 2023[184]. R&D and Innovation - The company has detailed various operational risks and corresponding countermeasures in the report[4]. - The company added 80 new intellectual property rights during the reporting period, bringing the total to 389, including 27 invention patents[36]. - The company’s R&D investment for the reporting period was CNY 69.02 million, accounting for 10.52% of total revenue, an increase of 75.83% compared to the previous year[101]. - The company achieved significant advancements in AI and terminal product technology, optimizing various models on platforms such as Huawei Atlas and Qualcomm[99]. - The company has developed six key core technologies, including "Intelligent Power Inspection Image Hazard Detection Algorithm" and "Data Mining Analysis Technology for Transmission Channel Hazards" to enhance its technological capabilities[96]. - The company is developing a high-performance wireless self-organizing network terminal with a bandwidth of 500.00 million RMB, aimed at emergency communication applications[112]. - The company invested $200 million in R&D for new technologies, focusing on AI and machine learning[184]. - The company is committed to continuous innovation and optimizing R&D resource allocation to meet customer needs effectively[115]. Market Expansion and Strategy - The company plans to continue expanding its market presence in smart grid and power IoT sectors, leveraging national strategies to drive growth[24]. - The company is focusing on expanding into rail transit, water conservancy, and emergency management sectors, currently in the early stages of market development[85]. - The company plans to expand its market presence through strategic acquisitions and partnerships in the upcoming year[181]. - The company is exploring new market segments to diversify its revenue streams and reduce dependency on existing markets[181]. - The company aims to enhance the digitalization and automation of the power system in response to the "carbon peak and carbon neutrality" strategy, with a target of 1.2 billion kW of installed wind and solar capacity by 2030[165]. - The company plans to enter three new markets in 2024, aiming for a 10% market share within the first year[189]. Governance and Compliance - The company has established a comprehensive governance structure in compliance with relevant laws and regulations, ensuring effective operation of its board and committees[172]. - The company has maintained a consistent governance structure with no changes in the board composition during the reporting period[179]. - The company has not reported any significant changes in its operational strategy or market approach[179]. - The company has established various specialized committees, including the audit committee and the strategic committee, to enhance governance[198]. - The company has not faced any penalties from securities regulatory authorities in the past three years[195]. Operational Efficiency - The company’s governance structure has been optimized, enhancing operational efficiency and management levels[37]. - The company has established a sales data analysis model, significantly improving internal management and operational efficiency[38]. - The company is enhancing its operational efficiency by integrating cloud and edge AI technologies into its monitoring systems[109]. - The company is committed to achieving advanced industry standards in its product development and operational strategies[110]. Risks and Challenges - The company faces risks related to technological innovation and market competition, particularly in the rapidly evolving field of smart power operation and maintenance[120]. - The company is dependent on the electric power industry, with potential risks from changes in industry policies and client procurement preferences[122]. - The company faces risks related to the bidding process, which can lead to fluctuations in contract quantity, amount, and gross margin due to uncontrollable factors[125].

证券代码：688191 证券简称：智洋创新 公告编号：2021-051 智洋创新科技股份有限公司 关于参加山东辖区上市公司 2021 年度投资者 网上集体接待日活动的公告 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。 智洋创新科技股份有限公司（以下简称"公司"）为进一步加强与广大投资 者的沟通互动，切实提高上市公司透明度、规范运作和治理水平，公司将参加"山 东辖区上市公司 2021 年度投资者网上集体接待日活动"，现将有关事项公告如 下： 本次投资者网上集体接待日活动将在深圳市全景网络有限公司提供的网上 平台，采取线上交流的方式举行，投资者可以登录全景·路演天下 （http://rs.p5w.net）参与本次活动，互动交流时间为 2021 年 11 月 16 日（星期二） 下午 14:00—16:00。 公司副总经理、董事会秘书陈晓娟女士和证券事务代表刘俊鹏女士将参加本 次投资者网上集体接待日活动，与投资者进行在线交流，欢迎广大投资者积极参 与。 特此公告。 智洋创新科技股份有限公司董事会 2021 年 11 月 12 ...

Financial Performance - The company's operating revenue for Q3 2021 was ¥147,836,385.91, representing a year-on-year increase of 31.50%[5] - The net profit attributable to shareholders for Q3 2021 was ¥27,266,591.55, up 32.87% compared to the same period last year[5] - Total operating revenue for the first three quarters of 2021 reached ¥384,871,237.49, a significant increase from ¥274,361,193.69 in the same period of 2020, representing an increase of approximately 40%[22] - Net profit for the first three quarters of 2021 was ¥50,961,823.58, slightly up from ¥50,153,058.99 in the same period of 2020, reflecting a growth of approximately 1.6%[23] - The basic earnings per share for Q3 2021 was ¥0.18, a decrease of 15.91% compared to the previous year[6] - Earnings per share (EPS) for the first three quarters of 2021 was ¥0.37, down from ¥0.44 in the same period of 2020[24] Research and Development - The R&D investment for Q3 2021 totaled ¥18,202,272.01, an increase of 110.44% year-on-year, accounting for 12.31% of operating revenue[6] - The company plans to continue increasing R&D investment to strengthen its long-term competitive advantage in technology[11] - Research and development expenses for the first three quarters of 2021 were ¥44,605,084.34, compared to ¥22,557,005.75 in 2020, showing an increase of approximately 97%[22] Assets and Liabilities - Total assets increased by 51.20% year-on-year to ¥1,084,805,768.64, driven by growth in accounts receivable and inventory[6] - As of September 30, 2021, total assets reached RMB 1,084,805,768.64, an increase from RMB 717,467,963.38 at the end of 2020, representing a growth of approximately 50.9%[18] - Current assets totaled RMB 993,430,707.11, up from RMB 688,417,707.26, indicating a growth of about 44.4% year-over-year[19] - The total liabilities amounted to ¥290,124,066.30, while total equity reached ¥794,681,702.34, indicating a strong equity position relative to liabilities[21] - The company’s total liabilities included accounts payable of RMB 138,532,138.89, slightly up from RMB 137,439,097.83[19] Cash Flow - The cash flow from operating activities showed a net outflow of ¥175,528,700.20 for the year-to-date period[6] - The net cash flow from operating activities was -175,528,700.20 RMB, a decrease from -24,331,835.38 RMB in the previous year[26] - The company’s cash inflow from operating activities was 357,916,217.65 RMB, compared to 378,506,692.46 RMB in the previous year[26] - The cash outflow from operating activities totaled 533,444,917.85 RMB, an increase from 402,838,527.84 RMB year-over-year[26] Shareholder Information - The company reported a total of 10 major shareholders, with the largest being the National Social Security Fund, holding 2,109,740 shares[15] - The company plans to grant 2.13 million restricted stocks under the incentive plan, which is 1.39% of the total share capital[16] - The first grant of 1.83 million shares will be priced at RMB 8.4 per share, representing 85.92% of the total restricted stocks to be granted[16] Financial Stability - The company has maintained a strong capital reserve of ¥393,142,351.36, which supports its financial stability and growth initiatives[21] - The company received a listing financing reward of ¥10 million during the reporting period, contributing to the increase in net profit[11] - The company reported a financial expense of -¥3,914,925.23, which is an improvement compared to a financial expense of ¥306,043.54 in the previous year[22] Changes in Accounting Standards - The company implemented a new leasing standard effective January 1, 2021, adjusting retained earnings and related financial statement items accordingly[32]

Financial Performance - The company reported a total revenue of 1.5 billion RMB for the first half of 2021, representing a year-on-year increase of 20%[13]. - The company has set a revenue guidance of 3 billion RMB for the full year 2021, which would represent a 25% increase from 2020[13]. - The company's operating revenue for the first half of the year reached ¥237,034,851.58, representing a 46.37% increase compared to ¥161,938,529.07 in the same period last year[20]. - The net profit attributable to shareholders decreased by 20.04% to ¥23,695,232.03 from ¥29,632,487.50 year-on-year[20]. - The basic earnings per share fell by 26.92% to ¥0.19, down from ¥0.26 in the previous year[22]. - The company's comprehensive gross margin for the period was 34.34%, reflecting a decrease compared to the same period last year[87]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion in the first half of 2021, representing a 25% year-over-year growth[116]. - The company provided a positive outlook for the second half of 2021, projecting a revenue increase of 20%[140]. Research and Development - The company is investing 200 million RMB in R&D for new technologies, focusing on AI and IoT applications[13]. - Research and development expenses accounted for 11.14% of operating revenue, an increase of 2.55 percentage points compared to 8.59% last year[22]. - The company has seen a significant increase in R&D personnel and high-end talent, contributing to higher average salaries compared to the previous year[23]. - The company launched an intelligent monitoring system for power transmission lines, which utilizes monocular combined with three-dimensional point cloud data for hazard distance measurement and big data clustering analysis, recognized as internationally leading by the China Electricity Council[44]. - The company developed two new artificial intelligence recognition algorithms and optimized algorithm integration to enhance image analysis service performance[43]. - The company is actively exploring technology applications in rail transit, emergency management, smart finance, and smart water conservancy, leveraging its experience in the power industry[43]. - The company has established extensive technical R&D cooperation with universities and research institutes, including Tsinghua University and Shandong University[64]. Market Expansion and Strategy - Market expansion plans include entering two new provinces in China by Q4 2021, aiming for a 10% market share in those regions[13]. - The company is focusing on expanding its market presence in the smart operation and maintenance analysis management system for the power industry[28]. - The company plans to expand its market presence through the development of new products and technologies, particularly in the field of intelligent surveillance[55]. - The company is considering strategic acquisitions to enhance its product portfolio, with a target of acquiring two companies within the next 12 months[116]. - The company is exploring potential mergers and acquisitions to accelerate growth and market expansion strategies[200]. Operational Efficiency - The company aims to continuously innovate and respond quickly to market demands, maintaining a competitive edge in the industry[40]. - The company has implemented a dual-driven integrated product development model focusing on market and technology trends[29]. - The company is focusing on the development of edge computing and intelligent algorithms, which are expected to significantly improve data processing capabilities[54]. - The company achieved a significant improvement in operational efficiency, with a reduction in false positive rates by 8% and an increase in operational decision-making capabilities[56]. - The company plans to increase its marketing budget by 20% to support the new product launches and market expansion efforts[118]. Financial Management and Shareholder Relations - The board confirmed that there are no non-operational fund usages by major shareholders, ensuring financial integrity[4]. - The company has implemented a restricted stock incentive plan for 2021, details of which were disclosed on June 18, 2021[108]. - The company has committed to not engaging in any business that competes with its subsidiaries, ensuring no direct or indirect competition from related parties[142]. - The company will ensure timely and accurate disclosure of information regarding share reductions in accordance with regulatory requirements[115]. - The company has enhanced its profit distribution policy, ensuring transparency and stability in returns to investors, with a focus on cash dividends and stock dividends[130]. Risks and Challenges - The company has identified key risks including supply chain disruptions and regulatory changes, with mitigation strategies outlined in the report[4]. - The company faces risks related to the loss of technical personnel and potential technology leaks, which could impact its development[76]. - The company has a significant reliance on the electric power industry, with 99.77% of its sales revenue coming from electric grid companies[80]. - The company is exposed to risks from international trade complexities, which could lead to increased production costs and reduced gross margins[89]. Shareholder Structure and IPO - The company completed its initial public offering (IPO) of 38,261,512 shares, increasing total shares from 114,784,535 to 153,046,047[157]. - The total number of shareholders reached 9,208 by the end of the reporting period[158]. - The largest shareholder, Zibo Zhiyang Holdings Co., Ltd., holds 52,416,000 shares, representing 34.25% of total shares[160]. - The company has established strategic relationships with key shareholders, including Liu Guoyong, Nie Shugang, and Zhao Yanqing, who are identified as acting in concert under a joint action agreement[164]. Future Outlook - The management remains optimistic about future performance, projecting continued growth in both revenue and profitability[200]. - The company plans to continue its focus on expanding its market presence and enhancing product offerings in the upcoming quarters[200]. - The company is committed to improving its governance structure and internal controls to enhance operational efficiency and risk management[129].

Financial Performance - Operating revenue increased by 115.21% to CNY 32,522,708.82 year-on-year[5] - Net loss attributable to shareholders was CNY -1,680,314.88, a decrease of 647.94% compared to the previous year[5] - The company's operating revenue for Q1 2021 was CNY 32,595,131.97, a 116.7% increase from CNY 15,056,218.57 in Q1 2020[30] - The net profit for Q1 2021 was a loss of CNY 1,680,314.88, compared to a profit of CNY 306,662.88 in Q1 2020[28] - The total profit for Q1 2021 was a loss of CNY 2,869,329.72, compared to a loss of CNY 46,395.50 in Q1 2020[30] Cash Flow - The company reported a net cash flow from operating activities of CNY -45,882,103.13, compared to CNY -29,312,695.65 in the same period last year[5] - The net cash flow from operating activities for Q1 2021 was -45,882,103.13 RMB, compared to -29,312,695.65 RMB in Q1 2020, indicating a decline of approximately 56.5% year-over-year[34] - Total cash inflow from operating activities was 121,579,358.04 RMB, up from 101,470,994.72 RMB in the previous year, representing an increase of about 19.9%[34] - Cash outflow from operating activities totaled 167,461,461.17 RMB, compared to 130,783,690.37 RMB in Q1 2020, reflecting a rise of approximately 28%[34] - The ending cash and cash equivalents balance was 131,612,139.84 RMB, down from 188,732,156.41 RMB at the beginning of the period, a decrease of approximately 30.2%[35] Assets and Liabilities - Total assets decreased by 6.95% to CNY 667,570,098.47 compared to the end of the previous year[5] - The company's total current assets decreased to ¥635,088,720.16 from ¥688,417,707.26, reflecting a reduction in cash and receivables[18] - Total liabilities decreased to CNY 274,944,867.96 in Q1 2021 from CNY 323,162,417.99 at the end of 2020, a reduction of 14.9%[20] - Current liabilities totaled CNY 274,938,770.60 in Q1 2021, down 15.0% from CNY 323,152,662.31 in Q4 2020[20] - The company's short-term borrowings decreased by 32.30% to ¥15,090,000.00 from ¥22,290,000.00, primarily due to repayment of due borrowings during the period[13] Research and Development - Research and development expenses accounted for 34.36% of operating revenue, down 2.85 percentage points from the previous year[7] - Research and development expenses increased to CNY 11,174,736.93 in Q1 2021, up 98.1% from CNY 5,622,658.34 in Q1 2020[30] Shareholder Information - The number of shareholders at the end of the reporting period was 80[10] - The largest shareholder, Zibo Zhiyang Holdings Co., Ltd., held 45.66% of the shares[11] Government Support - The company received government subsidies amounting to CNY 2,327,701.18 related to normal business operations[7] Other Financial Metrics - The weighted average return on net assets decreased by 0.53 percentage points to -0.43%[7] - The company's investment income decreased by 66.94% to ¥164,583.31 from ¥497,892.31, mainly due to reduced financial product purchases[13] - The company's deferred income decreased by 37.50% to ¥6,097.36 from ¥9,755.68, primarily due to the amortization of government grants related to assets[13] - The company reported other income of CNY 6,120,774.03 in Q1 2021, down from CNY 7,269,957.24 in Q1 2020[30]