Financial Performance - The company's operating revenue for Q1 2023 was ¥85,006,171.01, representing a year-on-year increase of 23.10%[5] - Total revenue for Q1 2023 was ¥85,006,171.01, an increase of 23.1% compared to ¥69,056,754.70 in Q1 2022[19] - Total operating costs for Q1 2023 were ¥97,065,243.96, up from ¥87,073,621.63 in Q1 2022, representing an increase of 11.4%[19] - Net profit for Q1 2023 was -¥11,076,378.12, an improvement from -¥18,509,079.16 in Q1 2022, indicating a reduction in losses by 40.5%[20] - Operating cash flow for Q1 2023 was -¥6,812,583.72, a significant improvement from -¥55,233,355.22 in Q1 2022[22] - Basic and diluted earnings per share for Q1 2023 were both -¥0.11, compared to -¥0.15 in Q1 2022[21] Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥6,812,583.72[5] - Cash and cash equivalents at the end of Q1 2023 were ¥202,275,108.13, down from ¥309,488,796.74 at the end of Q1 2022[23] - The company received cash inflow from operating activities totaling ¥73,110,057.38 in Q1 2023, compared to ¥57,994,391.96 in Q1 2022, an increase of 26.1%[22] - Total investment cash outflow for Q1 2023 was ¥26,643,792.13, compared to ¥43,511,688.98 in Q1 2022, showing a decrease of 38.7%[22] - The company raised ¥40,000,000.00 through borrowings in Q1 2023, with cash outflow for debt repayment amounting to ¥25,076,500.00[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥993,012,257.62, an increase of 0.85% from the end of the previous year[6] - As of March 31, 2023, the total assets of the company amounted to RMB 993,012,257.62, an increase from RMB 984,664,765.07 at the end of 2022, reflecting a growth of approximately 0.35%[17] - The total liabilities increased to RMB 195,001,915.97 from RMB 178,090,559.78, representing an increase of about 9.3%[17] - The company's total current assets reached RMB 619,972,338.69, slightly up from RMB 612,105,189.78, indicating a growth of approximately 1.42%[15] - The company's total equity attributable to shareholders decreased to RMB 798,055,818.05 from RMB 806,331,284.19, a decline of about 1.6%[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 5,288[10] - The largest shareholder, He Junqiang, holds 35.31% of the shares, followed by Beijing Qianfang Technology Co., Ltd. with 14.90%[11] Research and Development - Research and development expenses totaled ¥29,152,153.27, accounting for 34.29% of operating revenue, a decrease of 7.21 percentage points compared to the previous year[6] - Research and development expenses for Q1 2023 were ¥29,819,147.38, slightly up from ¥28,659,132.71 in Q1 2022[19] Inventory and Accounts - The company's inventory decreased slightly to RMB 76,571,130.61 from RMB 78,075,392.37, a decline of approximately 1.9%[15] - The accounts receivable increased to RMB 136,303,494.30 from RMB 131,997,522.55, marking an increase of approximately 3.4%[15] - The company reported a total of RMB 4,745,240.37 in accounts payable, which increased from RMB 2,569,312.71, reflecting a significant rise of approximately 84.9%[16] - The non-current liabilities rose to RMB 12,280,686.07 from RMB 8,844,125.24, indicating an increase of about 38.5%[17] - The company’s long-term investments in real estate increased significantly to RMB 129,948,425.02 from RMB 78,477,056.55, representing a growth of approximately 65.5%[16] Revenue Drivers - The increase in operating revenue was attributed to a gradual recovery in the macro economy and increased demand for commercial vehicles starting in February[8] - The company reported an increase in cash received from sales due to a rise in orders, while procurement payments decreased[8]

Financial Performance - The company reported a loss for 2022, resulting in no cash dividends or stock bonuses being proposed for shareholders[9]. - The company's operating revenue for 2022 was CNY 239,701,396.30, a decrease of 40.90% compared to CNY 405,595,347.54 in 2021[24]. - The net profit attributable to shareholders of the listed company was -CNY 106,043,838.12, representing a decline of 458.59% from CNY 29,572,603.41 in the previous year[24]. - The cash flow from operating activities showed a net outflow of -CNY 80,560,134.40, a decrease of 510.77% compared to CNY 19,611,772.34 in 2021[24]. - Basic and diluted earnings per share were both -CNY 1.06, down 453.33% from CNY 0.30 in 2021[25]. - The weighted average return on net assets decreased by 15.58 percentage points to -12.34% in 2022 from 3.24% in 2021[25]. - The total assets at the end of 2022 were CNY 984,664,765.07, down 11.71% from CNY 1,115,257,517.16 at the end of 2021[24]. - The net assets attributable to shareholders of the listed company decreased by 11.73% to CNY 806,331,284.19 at the end of 2022 from CNY 913,527,514.54 at the end of 2021[24]. - The company did not declare dividends this period, contrasting with the previous period's CNY 35 million payout[125]. - The company reported a significant decrease in revenue in 2022 due to various challenges, but anticipates a recovery in 2023 as policies adjust and the economy improves[37]. Market Challenges and Opportunities - The company faced significant challenges in 2022 due to a downturn in the commercial vehicle industry, leading to unsatisfactory operating performance[4]. - The company experienced a significant decline in customer demand and orders due to the downturn in the macroeconomic environment, particularly in logistics and real estate sectors[26]. - The company anticipates an increase in demand for commercial vehicles in 2023, leveraging its customer resources to respond effectively[4]. - The company is optimistic about the macroeconomic environment improving in 2023, which is expected to support recovery in its operations[4]. - The company has adopted a strategy of "turning crises into opportunities" by adjusting its operational strategies and exploring new products and markets[5]. - The company is actively expanding into passenger vehicles and two-wheeled vehicle markets while continuing to enhance its service to commercial vehicle customers[39]. - The company is focusing on expanding into the passenger vehicle and two-wheeler markets, leveraging new technologies in electric vehicles to drive growth[77]. Research and Development - Research and development expenses accounted for 54.10% of operating revenue, an increase of 26.23 percentage points from 27.87% in 2021[25]. - The company's R&D expenses reached a historical high of CNY 129.68 million in 2022, reflecting its commitment to innovation and product development[80]. - The company has established a robust R&D system, significantly shortening development cycles and improving efficiency and quality through an integrated product development (IPD) approach[55]. - The company is committed to continuous innovation in core technologies, maintaining a leading position in the industry through research and development[80]. - The company has developed new products such as a driving recorder compliant with new national standards and has secured multiple clients for its T-BOX product, including Dele New Energy and Shanhe Intelligent[39]. - The company is focusing on optimizing product solutions to increase the usage rate of domestic chips while reducing costs[84]. - The company has achieved a total of 137 patents, including 46 invention patents and 202 software copyrights, enhancing its intellectual property protection[83]. Product Development and Innovation - The company plans to expand its product line, particularly in smart cockpits and controllers, to achieve greater breakthroughs in new fields such as passenger vehicles and two-wheeled vehicles[5]. - The company has developed a comprehensive product line that includes T-BOX, ADAS, and software management platforms, enhancing its competitive edge in the market[76]. - The company is advancing its technology in autonomous driving, with L2++ level technology nearing maturity and testing in various environments[78]. - The company is working on a "HQ+X" big data cloud platform, which aims to provide standardized interfaces for customer customization[91]. - The company has introduced a series of new products, including controllers and automotive instruments, which are gradually entering mass production[84]. - The company is developing a multi-scenario low-speed autonomous vehicle project with an investment of 5,987.17 million RMB, currently in progress[94]. Strategic Partnerships and Market Position - The company has formed long-term stable partnerships with several commercial vehicle manufacturers, enhancing its market share and core competitiveness[60]. - The company has established long-term partnerships with major manufacturers such as Shaanxi Automobile and Dongfeng Group, expanding its customer base to include passenger vehicles and two-wheeled vehicles, which will support steady revenue growth[101]. - The company is actively participating in the development of industry standards for intelligent products, which strengthens its product compliance and market position[76]. - The company is positioned to benefit from the rapid growth of the smart connected vehicle market, with projections indicating that by 2025, the penetration rate of smart vehicles in China will reach 82%, equating to 28 million units[110]. Governance and Management - The total compensation for the chairman and general manager, He Junqiang, was 4.76 million CNY for the reporting period[163]. - The total compensation for the independent director, Yu Li, was 7.00 million CNY for the reporting period[164]. - The company has maintained a consistent leadership structure since December 17, 2020, with all key personnel in place until December 16, 2023[163]. - The company’s remuneration and assessment committee evaluates the performance of directors and senior management annually to determine compensation[173]. - The company has established specialized committees under the board, including audit, nomination, compensation, and strategy committees[179]. Future Outlook - The company is optimistic about the commercial vehicle market, anticipating growth from increased heavy truck sales and the implementation of new national standards for driving recorders[111]. - The company plans to continue expanding into passenger vehicles and two-wheeled vehicle markets to reduce dependence on major clients[114]. - The company aims to enhance its core competitiveness through continuous investment in technology and talent development[99]. - The company is focusing on the integration of automotive technology with AI and cloud computing, indicating a shift towards smart connected vehicles[149].

证券代码：688288 证券简称：鸿泉物联 公告编号：2023-017 杭州鸿泉物联网技术股份有限公司 杭州鸿泉物联网技术股份有限公司（以下简称公司）于2023年4月29日在上 海证券交易所网站（www.sse.com.cn）披露公司2022年年度报告和2023年第一季 度报告。为便于广大投资者更全面深入地了解公司2022年度及2023年第一季度的 经营成果、财务状况，公司计划于2023年5月22日举行2022年度暨2023年第一季 度业绩说明会，就投资者关心的问题进行交流，欢迎广大投资者积极参与。 二、说明会召开的时间、地点 （一）会议召开时间：2023年5月22日（星期一）上午9:00-10:00 （二）会议召开地点：上海证券交易所上证路演中心（http://roadshow.sseinfo.com） （三）会议召开方式：上证路演中心网络文字互动方式 三、参会人员 公司董事长兼总经理何军强先生，独立董事俞立先生，董事、副总经理兼董 事会秘书吕慧华先生，财务总监刘江镇先生（如有特殊情况，参会人员可能进行 调整）。 四、投资者参加方式 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 ...

杭州鸿泉物联网技术股份有限公司 投资者关系活动记录表（2022 年 4 月 28 日至 5 月 10 日） 股票简称：鸿泉物联 股票代码：688288 | --- | --- | --- | --- | |-----------------------|----------------------------------------------------|----------------|--------------------------------------------------------------| | 投资者关系活动 \n类别 | 特定对象调研 \n 媒体采访 \n□新闻发布会 \n 现场参观 | | 分析师会议 \n 业绩说明会 \n 路演活动 \n 其他（电话会议） | | | 2022年4月28日 | 电话会议 | | | | 安信证券 | 袁子翔、夏瀛韬 | | | | 汇丰晋信基金 | 李迪心 | | | | 博时基金 | 王赫 | | | | 万家基金 | 滕艳琴 | | | | 弘毅远方基金 | 黄振东 | | | | 九泰基金 | 黄皓 | | | | 国华人寿 | 安子超 ...

杭州鸿泉物联网技术股份有限公司 投资者关系活动记录表（2022 年 6 月 1 日至 6 月 22 日） 股票简称：鸿泉物联 股票代码：688288 | --- | --- | --- | --- | |-----------------------|--------------------------------------------------|----------------|----------------------------------------------------------------| | 投资者关系活动 \n类别 | 特定对象调研 \n媒体采访 \n□新闻发布会 \n现场参观 | | 分析师会议 \n 业绩说明会 \n 路演活动 \n 其他（电话会议） | | | 2022年6月1日 | 现场会议 | | | | 中金公司 | 樊建岐、袁牧 | | | | 南方基金 | 熊琳 | | | | 永安国富 | 徐小明 | | | | 华美投资 | 王珠英 | | | | 混沌天成资管 | 方思鑫 | | | | 墨锋投资 | 张宜俊 | | | | 河清资本 | 肖晗 | | | | ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥59,536,345.46, representing a decrease of 11.36% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥27,187,355.06, a significant decline of 2,164.99% year-on-year[5]. - The net profit excluding non-recurring gains and losses for Q3 2022 was -¥28,795,964.69, down 3,584.61% from the previous year[6]. - The basic earnings per share for Q3 2022 were -¥0.27, a decrease of 2,800.00% compared to the same period last year[6]. - The weighted average return on equity was -3.13%, a decrease of 11.14 percentage points year-on-year[6]. - The net loss for the third quarter of 2022 was CNY 61,310,336.34, compared to a net profit of CNY 41,009,492.58 in the same quarter of 2021[23]. - The operating profit for the third quarter of 2022 was a loss of CNY 60,713,195.04, contrasting with an operating profit of CNY 36,574,663.82 in the previous year[22]. - Basic and diluted earnings per share for the third quarter of 2022 were both CNY -0.58, compared to CNY 0.43 in the same quarter of 2021[24]. Research and Development - The total R&D investment for Q3 2022 was ¥30,965,096.91, which accounted for 51.92% of operating revenue, an increase of 8.14 percentage points year-on-year[6]. - R&D expenses increased by 14.60% year-to-date, contributing to the overall decline in net profit[10]. - Research and development expenses for the third quarter of 2022 were CNY 88,724,328.78, an increase of 14.6% compared to CNY 77,420,456.41 in the same quarter of 2021[22]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was -¥67,448,970.20, indicating a significant cash outflow due to reduced sales[6]. - The net cash flow from operating activities was -$67.45 million, compared to -$22.11 million in the previous quarter, indicating a significant decline in operational cash generation[28]. - Total cash outflow from investing activities was $211.92 million, up from $173.57 million in the previous quarter, reflecting increased investment expenditures[28]. - The total cash and cash equivalents at the end of the period decreased to $132.73 million from $357.39 million, indicating a substantial reduction in liquidity[29]. - Cash inflow from investment activities was $7.43 million, down from $227.43 million, indicating a decline in investment returns[28]. - The company’s cash flow management strategies are under review due to the substantial decrease in cash and cash equivalents[29]. Assets and Liabilities - The total assets at the end of Q3 2022 were ¥1,025,132,714.89, reflecting a decrease of 8.08% compared to the end of the previous year[6]. - The company's total current assets as of September 30, 2022, amount to ¥651,091,118.48, a decrease from ¥800,498,805.91 in the previous year[16]. - The total liabilities as of the end of the third quarter of 2022 were CNY 169,931,513.86, down from CNY 197,745,979.79 at the end of the same period in 2021[22]. - The total equity attributable to shareholders of the parent company was CNY 854,164,929.66, a decrease from CNY 913,527,514.54 in the previous year[22]. - The total non-current assets are valued at ¥374,041,596.41, up from ¥314,758,711.25 in the previous year[17]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 5,486[13]. - The largest shareholder, He Junqiang, holds 35,429,100 shares, representing 35.31% of total shares[13]. - The company has a total of 9,952,369 unrestricted circulating shares held by Beijing Peking University Qianfang Technology Co., Ltd.[14]. Strategic Overview - The company has no significant new strategies or product developments mentioned in the reports[15]. - The company reported a decrease in deferred income tax liabilities, reflecting a strategic shift in financial management[22].

Financial Performance - The company's basic earnings per share (EPS) for the first half of 2022 was -0.31 yuan, a decrease of 175.78% compared to 0.41 yuan in the same period last year[18]. - The company's revenue decreased by 52.31% year-on-year, primarily due to the impact of the pandemic and a downturn in the commercial vehicle market, leading to reduced customer demand and fewer orders[18]. - The net profit attributable to shareholders decreased by 175.34% year-on-year, primarily due to a significant decline in operating revenue and increased costs from high-priced inventory materials, alongside a 20.29% increase in R&D expenses[19]. - Operating cash flow net amount decreased by 187.90% year-on-year, mainly due to reduced revenue leading to a substantial decrease in cash received from sales of goods and services[19]. - Basic and diluted earnings per share fell by 175.78% year-on-year, primarily due to the decrease in net profit[19]. - The weighted average return on net assets was -3.47%, a decrease of 7.87 percentage points from 4.40% in the same period last year[18]. - The company reported a significant decline in both front-mounted and rear-mounted business segments due to insufficient policy implementation and a slowdown in installation pace[18]. - The company has not proposed any profit distribution or capital reserve transfer plans for this reporting period[6]. - The company reported a total R&D investment of ¥57,759,231.87, representing a 20.29% increase compared to ¥48,014,973.74 in the same period last year[42]. - The company reported a revenue of CNY 119.65 million, a decline of 52.31% compared to the same period last year[71]. - The net profit attributable to shareholders was CNY -31.18 million, indicating a loss compared to a profit in the previous year[71]. Research and Development - Research and development (R&D) expenses accounted for 48.27% of operating income, an increase of 29.13 percentage points compared to 19.14% in the previous year[18]. - The company achieved R&D expenses of 57.76 million yuan in the first half of 2022, nearly half of its revenue, marking a historical high[36]. - The company has established a comprehensive R&D system, significantly shortening the R&D cycle and improving efficiency and quality through an integrated product development system[29]. - The company is actively exploring advanced technologies in the fields of assisted driving and autonomous driving, with a focus on 5G communication, V2X technology, and artificial intelligence algorithms[30]. - The company has optimized its R&D team to enhance R&D efficiency and productization capabilities[30]. - The R&D team consists of 420 personnel, representing 66.04% of the total workforce, indicating a strong commitment to innovation and technology development[51]. - The company applied for 24 patents during the reporting period, with 24 patents granted, including 12 invention patents and 2 utility model patents[40]. - The company has accumulated 129 patents, including 43 invention patents, enhancing its intellectual property protection and technical advantages[51]. - The company is developing a vehicle-road-cloud intelligent solution based on 5G-V2X technology, with an investment of approximately $5.08 million[47]. - The company is developing new products and markets despite a downturn in the commercial vehicle industry, with ongoing efforts in R&D[39]. Market and Business Strategy - The company focuses on developing and selling intelligent connected vehicle devices and big data cloud platforms, leveraging advanced technologies such as big data, AI, and 5G[25]. - The company maintains a high proportion of pre-installed business, focusing on expanding relationships with major OEMs in the commercial vehicle sector[35]. - The company has established long-term partnerships with major clients such as Shaanxi Automobile and Dongfeng Group, which are expected to support steady revenue growth despite market challenges[54]. - The company is actively exploring new business areas, including the development of intelligent cockpits for commercial vehicles, which has received client recognition and is now in the development phase[62]. - The company has a strong market presence in the aftermarket sector, leveraging its experience in market development and product customization[35]. - The company is considering strategic acquisitions to bolster its market position, with a budget of $200 million allocated for potential deals[96]. - The company plans to implement a new marketing strategy focusing on digital channels, aiming for a 30% increase in customer engagement[96]. - The company is confident in recovering growth in the commercial vehicle sector as the domestic economy stabilizes and new projects progress towards mass production[62]. Financial Management and Risks - The company has outlined various risks and countermeasures in its report, emphasizing the importance of understanding these factors for investors[4]. - The company faces risks related to technological upgrades and market changes, necessitating continuous investment in R&D to maintain competitive advantages[63]. - The company faces risks from raw material price volatility and supply shortages, exacerbated by geopolitical tensions and the ongoing pandemic[66]. - The company maintains a strategic reserve of key raw materials for over six months, ensuring supply stability amid ongoing shortages and price increases in the market[56]. - The company has implemented low-carbon and environmentally friendly practices, including the installation of photovoltaic power generation systems[90]. - The company has achieved multiple quality certifications, including CMMI 3 and ISO 9001, ensuring a robust quality management system[59]. Shareholder and Corporate Governance - The company has committed to not transferring or entrusting the management of shares held prior to the public offering for 36 months from the date of listing[93]. - The company will publicly disclose reasons for not implementing share repurchase measures and apologize to investors if necessary[101]. - The company will ensure compliance with relevant laws and regulations regarding share repurchase and information disclosure[100]. - The company has established a commitment to adhere to regulatory requirements regarding share lock-up periods[95]. - The company’s major shareholders and management have made commitments to uphold shareholder rights and avoid unfair benefit transfers[103]. - The company has not been listed as a key pollutant discharge unit and emphasizes environmental protection and sustainable development[89]. Financial Position and Assets - Total assets at the end of the reporting period were CNY 1,042,632,074.62, down 8.64% from the end of the previous year[19]. - The net assets attributable to shareholders at the end of the reporting period were CNY 882,352,284.72, a decrease of 5.29% from the end of the previous year[19]. - Total liabilities decreased from ¥197,745,979.79 to ¥158,158,614.40, a reduction of about 20.0%[137]. - The total equity attributable to shareholders decreased from ¥913,527,514.54 to ¥882,352,284.72, a decline of approximately 3.4%[137]. - The company reported a significant increase in prepayments from ¥3,326,304.71 to ¥25,630,658.81, an increase of approximately 671.5%[135]. - The company’s total liabilities were not explicitly detailed, but the equity structure suggests a balanced approach to financing[162]. Compliance and Legal Matters - There are no significant litigation or arbitration matters during the reporting period[109]. - The company has not received any penalties or corrective actions related to violations of laws or regulations during the reporting period[109]. - The company has committed to fair and reasonable pricing in any unavoidable related transactions[107]. - The company has established a legal commitment to avoid conflicts of interest in related transactions[107].

Financial Performance - The company's operating revenue for Q1 2022 was ¥69,056,754.70, representing a decrease of 48.70% compared to the same period last year[6]. - The net profit attributable to shareholders was -¥15,071,632.63, a decline of 171.98% year-over-year[6]. - The net cash flow from operating activities was -¥55,233,355.22, indicating a significant cash outflow[6]. - Total revenue for Q1 2022 was ¥69,056,754.70, a decrease of 48.7% compared to ¥134,618,032.51 in Q1 2021[17]. - Net loss for Q1 2022 was ¥15,959,260.04, compared to a net profit of ¥20,916,654.37 in Q1 2021, representing a significant decline[18]. - Operating profit for Q1 2022 was -¥18,003,624.60, a decline from an operating profit of ¥25,642,156.28 in Q1 2021[17]. - The company reported a basic and diluted earnings per share of -¥0.15 for Q1 2022, compared to ¥0.20 in Q1 2021[18]. Research and Development - Research and development (R&D) expenses totaled ¥28,659,132.71, which is an increase of 20.01% compared to the previous year[7]. - R&D expenses accounted for 41.50% of operating revenue, up by 23.76 percentage points year-over-year[7]. - Research and development expenses increased to ¥28,659,132.71 in Q1 2022, up 19.5% from ¥23,881,298.49 in Q1 2021[17]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,061,403,437.02, a decrease of 4.83% from the end of the previous year[7]. - The company's current assets totaled RMB 735,099,665.57, down from RMB 800,498,805.91, indicating a decrease of about 8.16%[13]. - The company's cash and cash equivalents were RMB 309,487,151.76, a decrease from RMB 397,330,659.11, representing a decline of approximately 22.08%[13]. - The company's total liabilities decreased to RMB 159,851,159.69 from RMB 197,745,979.79, a reduction of about 19.16%[15]. - The company's equity attributable to shareholders was RMB 898,455,881.91, down from RMB 913,527,514.54, indicating a decrease of approximately 1.65%[15]. - The company's long-term receivables increased to RMB 3,908,179.22 from RMB 2,508,179.22, reflecting a growth of approximately 55.73%[14]. - The company's inventory decreased to RMB 111,162,433.62 from RMB 122,884,972.03, a decline of about 9.53%[13]. - The company's accounts payable decreased significantly to RMB 51,290,868.98 from RMB 87,563,210.36, a reduction of approximately 41.36%[15]. Cash Flow - Cash flow from operating activities for Q1 2022 was negative at -¥55,233,355.22, compared to -¥29,604,767.15 in Q1 2021[19]. - Investment activities generated a net cash outflow of -¥32,084,773.19 in Q1 2022, compared to a net inflow of ¥111,962,252.69 in Q1 2021[20]. - The company experienced a significant decrease in cash inflow from sales, totaling ¥54,320,190.29 in Q1 2022, down from ¥70,998,608.90 in Q1 2021[19]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 6,109[11]. - The largest shareholder, He Junqiang, holds 35.31% of the shares, totaling 35,429,100 shares[11].

Financial Performance - In 2021, the company achieved a total revenue of 406 million yuan, which did not meet the initial expectations for the year[4] - The company's operating revenue for 2021 was CNY 405,595,347.54, a decrease of 11.09% compared to 2020[28] - Net profit attributable to shareholders decreased by 66.51% to CNY 29,572,603.41, primarily due to a significant decline in operating revenue and rising costs of chips and electronic materials[29] - Basic earnings per share for 2021 were CNY 0.30, reflecting a decrease of 65.91% from the previous year[28] - The company's overall gross margin for 2021 was 41.80%, down 5.41 percentage points from the previous year, due to rising raw material costs and supply chain issues[39] - The net profit attributable to shareholders for the fourth quarter was -13,124,094.76 RMB, indicating a significant loss compared to previous quarters[32] - The company achieved operating revenue of 406 million yuan in 2021, a year-on-year decrease of 11.09%, and net profit attributable to shareholders was 29.57 million yuan, down 66.51%[40] Research and Development - Research and development expenses increased by 35.52% year-on-year, reaching 27.87% of total revenue, marking a historical high for the company[5] - R&D expenditure as a percentage of operating revenue increased by 9.58 percentage points year-on-year, with R&D expenses rising by 35.52% while operating revenue declined[30] - The company expanded its R&D team to 433 personnel, an increase of 120 from the previous year, with R&D staff constituting 66.21% of total employees[48] - The company has achieved a total of 108 patents, including 34 invention patents and 181 software copyrights, enhancing its intellectual property protection[100] - The company is committed to continuous innovation and has established a multidisciplinary R&D team to keep pace with market demands and technological advancements[96] - The company is focusing on the development of L2 and L2+ level ADAS technologies, which are considered ready for large-scale market application[95] Market and Product Development - The smart city business expanded into new cities, resulting in a year-on-year revenue growth of 21.80%[4] - The company is actively expanding its automotive intelligent controller business, which is expected to become a significant growth area in the future[68] - The company has established a leading position in the aftermarket installation of advanced driver assistance systems for various specialized vehicles, enhancing vehicle management efficiency and safety[59] - The penetration rate of intelligent systems in commercial vehicles is expected to gradually increase, with more vehicles equipped with L2 or L2+ assistance systems in the future[59] - The company is focusing on the development of multi-machine collaborative technology and controllers, with several projects nearing mass production[50][51] - The company has successfully integrated advanced driver assistance systems into various vehicle types, including dump trucks and concrete mixers, contributing to improved traffic safety and environmental conditions[93] Challenges and Risks - The company has faced significant challenges due to external macroeconomic pressures, impacting its operational capabilities[6] - The company experienced a significant drop in demand for commercial vehicles, leading to a reduction in orders and revenue[28] - The decline in revenue was also attributed to a slowdown in the installation pace of aftermarket products due to insufficient policy implementation[28] - The company faces risks related to macroeconomic fluctuations, which could impact demand for commercial vehicles and overall business performance[130] - The company has implemented measures to address potential risks from raw material price increases and supply shortages due to global events[132] Strategic Initiatives - The company plans to enhance its research and development capabilities and expand its product offerings, including smart cockpit products and various controllers[7] - The management emphasizes the importance of risk control and a cautious operational strategy for 2022, aligning with the central economic work conference's guidance on stable growth[7] - The company is exploring new IoT application scenarios and UBI insurance cooperation through its wholly-owned subsidiary, Hangzhou Dingdong Zhitu Information Technology Co., Ltd.[164] - The company aims to enhance its presence in both OEM and aftermarket segments, focusing on expanding its customer base in various vehicle categories, including light and medium trucks, engineering machinery, and agricultural vehicles[170] Supply Chain and Production - The procurement management follows a supply chain management model, ensuring stable supplier relationships and implementing strict performance evaluations for suppliers[73] - The company maintains strategic reserves of key raw materials for over six months to mitigate risks associated with supply shortages, particularly in the context of global supply chain disruptions[74] - The production model is based on "sales-driven production," with production plans formulated according to customer orders, ensuring timely and efficient manufacturing[75] - The company has a new production base in Huzhou, Zhejiang, covering over 20,000 square meters, which enhances production efficiency and meets the requirements of OEMs[76] Future Outlook - The company provided guidance for Q4 2023, expecting revenue between $520 million and $550 million, representing a growth of 10% to 15%[185] - The company is considering strategic acquisitions to bolster its technology capabilities, with a budget of 100 million RMB allocated for potential deals[188] - The company aims to optimize its supply chain and production processes to enhance cost efficiency and maintain stable operations amid external uncertainties[177] - The company plans to enhance its R&D capabilities by investing in cutting-edge technologies such as 5G applications, low-cost navigation, and AI algorithms, while also improving product functionality and quality[173]

公司负责人何军强、主管会计工作负责人刘江镇及会计机构负责人（会计主管人员）刘江镇 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 2021 年第三季度报告 证券代码：688288 证券简称：鸿泉物联 杭州鸿泉物联网技术股份有限公司 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。 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比 | 年初至报告期末 | 年初至报告期 | | --- | --- | --- | --- | --- | | | | 上年同期增 | | 末比上年同期 | | | | 减变动幅度 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 67,167,908.97 | -35.68% ...