证券代码：688787 证券简称：海天瑞声 公告编号：2023-061 北京海天瑞声科技股份有限公司 关于持股 5%以上股东减持比例达到 1%的提示性公告 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。 重要内容提示： ●本次权益变动为北京海天瑞声科技股份有限公司（以下简称"公司"）股 东唐涤飞履行此前披露的减持股份计划，不触及要约收购。 ●本次权益变动为持股5%以上非第一大股东减持，不会使公司控股股东、 实际控制人发生变化。 ●本次权益变动后，唐涤飞持有公司股份数量为3,438,332股，持有公司股份 比例减少至5.70%。 公司于2023年8月14日收到股东唐涤飞出具的《关于股份减持比例达到1%的 告知函》，现将其有关权益变动情况告知如下： | 信息披露 | 名称 | 唐涤飞 | | | | | --- | --- | --- | --- | --- | --- | | 义务人基 | 住所 | 北京市朝阳区 | | | | | 本信息 | 权益变动 | 2023年5月26日—2023年8月14日 | | | | | | ...

Financial Performance - In Q1 2023, the company reported revenue of CNY 28,817,417.72, a decrease of 39.81% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY -13,616,264.02, representing a decline of 244.27% year-on-year[5]. - The net profit after deducting non-recurring gains and losses was CNY -17,048,168.03, a decrease of 477.02% compared to the previous year[10]. - The net cash flow from operating activities was CNY -22,684,420.05, down 575.76% year-on-year[6]. - The basic earnings per share were CNY -0.32, a decline of 245.45% compared to the same period last year[10]. - Total revenue for Q1 2023 was CNY 28,817,417.72, a decrease of 39.8% compared to CNY 47,876,427.23 in Q1 2022[21]. - The net profit for Q1 2023 was -13,616,264.02 RMB, compared to a net profit of 9,437,853.93 RMB in Q1 2022, indicating a significant decline[22]. - Operating profit for Q1 2023 was -19,037,466.61 RMB, a decrease from the operating profit of 9,776,167.05 RMB in the same period last year[22]. - Total comprehensive income for Q1 2023 was -13,634,686.03 RMB, compared to 9,439,473.63 RMB in Q1 2022[23]. - Revenue from sales of goods and services received in Q1 2023 was 43,130,433.11 RMB, a decrease from 67,570,950.91 RMB in Q1 2022[23]. - Other income for Q1 2023 was CNY 3,529,178.62, down from CNY 5,149,508.95 in Q1 2022, a decrease of 31.5%[21]. - The basic and diluted earnings per share for Q1 2023 were both -0.32 RMB, compared to 0.22 RMB in Q1 2022[23]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 846,062,596.47, a decrease of 3.52% from the end of the previous year[6]. - Cash and cash equivalents as of March 31, 2023, were CNY 55,302,426.99, down from CNY 73,199,423.63 as of December 31, 2022, a decline of 24.5%[19]. - Total assets decreased to CNY 846,062,596.47 as of March 31, 2023, from CNY 876,927,792.15 as of December 31, 2022, a reduction of 3.5%[21]. - Total liabilities decreased to CNY 30,271,448.29 as of March 31, 2023, from CNY 47,404,942.90 as of December 31, 2022, a decline of 36.2%[20]. - The company's total equity as of March 31, 2023, was CNY 815,791,148.18, down from CNY 829,522,849.25 as of December 31, 2022, a decrease of 1.7%[20]. - Accounts receivable decreased to CNY 89,040,651.00 as of March 31, 2023, from CNY 101,780,307.14 as of December 31, 2022, a decline of 12.6%[19]. - Inventory as of March 31, 2023, was CNY 4,546,818.23, slightly down from CNY 4,617,519.10 as of December 31, 2022, a decrease of 1.5%[19]. Research and Development - The total R&D investment was CNY 16,933,123.07, which accounted for 58.76% of revenue, an increase of 21.30 percentage points year-on-year[6]. - Research and development expenses for Q1 2023 were CNY 16,933,123.07, slightly down from CNY 17,934,730.30 in Q1 2022, a decrease of 5.9%[21]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 10,913[12]. - The largest shareholder, He Lin, holds 8,669,725 shares, representing 20.26% of the total shares[12]. - The second-largest shareholder, Beijing Zhongrui An Investment Center, holds 4,954,128 shares, accounting for 11.58%[12]. - The largest unrestricted shareholder, China Mobile Investment Holdings, holds 3,427,058 shares[13]. - The total number of shares held by the top ten unrestricted shareholders amounts to 12,000,000 shares[13]. - The company has not reported any significant changes in the status of pledged or frozen shares among the top shareholders[12]. Business Challenges and Strategies - The company faced challenges in overseas business due to the implementation of the "Data Export Security Assessment Measures," affecting revenue recognition and client budget releases[9]. - The company is upgrading its management structure and expanding its global marketing system, which has led to increased sales and management expenses[9]. - The gross profit margin was impacted by a decrease in the proportion of revenue from high-margin overseas business and standardized products[9]. - The company's overseas revenue significantly declined in Q1 2023 due to the implementation of the "Data Export Security Assessment Measures"[16]. - The company is conducting safety assessments for overseas business activities, which has impacted the delivery and acceptance progress of related projects[16]. - The company expects that the assessment work will gradually normalize, leading to a smoothing effect in the long term[16]. - The company is committed to complying with the new regulations affecting its overseas business operations[15]. Cash Flow - Cash flow from operating activities showed a net outflow of -22,684,420.05 RMB, contrasting with a net inflow of 4,768,088.45 RMB in Q1 2022[24]. - The company reported a cash inflow from investment activities of 404,560,462.14 RMB in Q1 2023, down from 994,700,598.11 RMB in Q1 2022[24]. - The company experienced a cash outflow from financing activities of -999,897.93 RMB in Q1 2023[24].

Dividend and Share Capital - The company plans to distribute a cash dividend of 6 RMB per 10 shares, totaling 25,680,000 RMB (including tax), with a cash dividend payout ratio of 87.19%[5] - The company will increase its total share capital from 42,800,000 shares to 59,920,000 shares by issuing 4 additional shares for every 10 shares held, resulting in a total of 17,120,000 shares being issued[5] - The company’s total share capital will be adjusted accordingly if there are changes before the dividend distribution date[6] Financial Performance - The company reported a significant increase in computing power, which is crucial for its AI and machine learning applications[13] - The company’s operating revenue for 2022 reached approximately 262.89 million, representing a year-over-year increase of 27.32% compared to 206.48 million in 2021[23] - Net profit attributable to shareholders decreased by 6.81% to approximately 29.45 million from 31.61 million in the previous year[23] - The basic earnings per share (EPS) for 2022 was 0.69, down 22.47% from 0.89 in 2021[24] - The net cash flow from operating activities improved significantly to approximately 30.66 million, an increase of 46.21 million compared to the previous year's negative cash flow[25] - The company achieved a revenue of 263 million RMB in 2022, representing a year-on-year growth of 27.32%[36] - The net profit attributable to the parent company was 29.45 million RMB, a decrease of 6.81% compared to the previous year[36] - The net profit after deducting non-recurring gains and losses was 10.15 million RMB, down 51.83% year-on-year[36] - The company's overseas business revenue reached 116 million RMB, a significant increase of 102.04% year-on-year[36] Research and Development - Research and development (R&D) expenses accounted for 35.86% of operating revenue, an increase of 6.55 percentage points from 29.31% in 2021[24] - The company is committed to continuous research and development, particularly in deep learning and neural network models, to stay competitive in the market[13] - The company has increased its R&D investment in AI algorithms and integrated data platforms, achieving over 200 algorithm models and supporting 58 languages in speech recognition[41] - The company’s investment in product R&D reached 44.34 million yuan, a year-on-year increase of 46.63%[44] - The company has developed over 400 new training dataset products, with a total of more than 1,300 proprietary training datasets, leading to a revenue increase of 14.19% to 111 million yuan from standardized data products[45] Market and Industry Trends - The global AI market size was $88.57 billion in 2021 and is projected to reach $221.87 billion by 2025, with a compound annual growth rate (CAGR) of 26.2%[75] - China's AI market is expected to reach $18.43 billion by 2025, with a CAGR of 24.4%[79] - The demand for data in the intelligent driving sector is rapidly increasing, driven by the industry's growth and the need for higher algorithm precision, with a shift from 2D to 3D and 2D-3D integrated data requirements[83] - The globalization of AI companies is accelerating, with multilingual capabilities becoming a core support for expanding overseas markets, leading to a rapid growth in multilingual data demand[84] Compliance and Governance - The company has received a standard unqualified audit report from its auditing firm, indicating the financial statements are accurate and complete[5] - The company has confirmed that all board members attended the board meeting, ensuring governance compliance[5] - The company has not disclosed any special arrangements for corporate governance or other significant matters[9] - The company has maintained compliance with data security regulations, obtaining multiple certifications including ISO27001 and ISO27701[49] Risks and Challenges - The company has outlined potential risks in its management discussion and analysis section, advising investors to be cautious[4] - The company has not yet achieved profitability since its listing, indicating ongoing investment and growth strategies[4] - The company faces risks related to rapid technological iteration in the AI industry, which may impact its ability to maintain technological advantages[148] - There is a risk of core technical personnel turnover due to intense competition for talent in the industry, which could adversely affect the company's R&D capabilities[150] Client and Revenue Diversification - The company has provided AI training data services to 810 clients, including major companies like Alibaba, Tencent, and Microsoft, covering various sectors such as smart driving and finance[55] - The top five customers generated sales of CNY 11,800.92 million, representing 44.89% of total annual sales, with no sales to related parties[180] - The company reported a significant increase in the number of new customers among the top five clients, indicating a diversification in customer reliance[183] Operational Efficiency - The company has integrated a comprehensive big data system around the supply chain, optimizing management and improving asset management efficiency, cost reduction, and utilization[51] - The company has launched a new factory ERP management system, which supports comprehensive management of production orders, scheduling, and inventory processes, enhancing operational efficiency[136] - The company has implemented a multi-engine decision-making mechanism for AI training data production, significantly enhancing database production efficiency[134] Investment and Subsidiaries - The company established a wholly-owned subsidiary, Anhui Ruitian Shuzhi Technology Co., Ltd., with a registered capital of 10,000,000 RMB in April 2022[200] - In July 2022, the company increased its investment in its wholly-owned subsidiary, Haitian Ruisheng (Hong Kong) Technology Co., Ltd., by 1.2 million USD, equivalent to 8,100,000 RMB[200] - The company also invested 980,000 USD in its wholly-owned subsidiary DATAOCEAN AI INC., amounting to 6,615,000 RMB in August 2022[200]

关于召开 2022 年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。 重要内容提示： 投资者可于 2023 年 5 月 11 日(星期四)至 5 月 17 日(星期三)16:00 前登录 上 证 路 演 中 心 网 站 首 页 点 击 " 提 问 预 征 集 " 栏 目 或 通 过 公 司 邮 箱 ir@speechocean.com 进行提问。公司将在说明会上对投资者普遍关注的问题进 行回答。 证券代码：688787 证券简称：海天瑞声 公告编号：2023-029 北京海天瑞声科技股份有限公司 （一） 会议召开时间：2023 年 5 月 18 日（星期四）下午 15:00-16:30 （二） 会议召开地点：上海证券交易所上证路演中心（网址： 会议召开时间：2023 年 05 月 18 日(星期四)下午 15:00-16:30 会议召开地点： 上海证券 交易所上证路演中心（ 网址： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心视频录播结合网络文字互动 http: ...

证券代码：688787 证券简称：海天瑞声 北京海天瑞声科技股份有限公司 投资者关系活动记录表 编号：2022-003 | --- | --- | --- | |----------------------|-------------------------|----------------------------| | | | | | 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 √ | 电话会议 | | | □ 其他 | （请文字说明其他活动内容） | | 参与单位名称及人员姓 | 民生证券 王桐 | 李喆峰 | | 名 | 冰河资本 刘春茂 | | | | SECF 公司 李瑞森 | | | | 创金合信 郭镇岳 | | | | 汇添富 夏正安 | | | | 南方基金 罗安安 | | | | 华商基金 金曦、戴福宏 | | | | 博时基金 肖瑞瑾、王赫 | | | | 中庚基金 谢钊懿 | | | | 万家基金 胡文超 | | | | 华夏久盈 周武 | | | | ...

证券代码：688787 证券简称：海天瑞声 北京海天瑞声科技股份有限公司 投资者关系活动记录表 编号：2022-004 | --- | --- | --- | |----------------------|-------------------------------|---------------------------------------| | | | | | 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 √ | 电话会议 | | | □ 其他 | （请文字说明其他活动内容） | | 参与单位名称及人员姓 | 天风证券 张若凡 | | | 名 | 华泰柏瑞基金 | 杜聪、方纬、谭笑、方纬、莫倩、曾懿之 | | | 嘉实基金 | 王鑫晨、谢泽林、陈涛、何鸣晓、刘志明 | | | 嘉实基金 谢泽林 | | | | 泰达宏利基金 孙硕 | | | | 兴华基金 高伟绚 | | | | 天弘基金 杜昊、盛贤 | | | | 华安基金 | 雷蒙、王春、张亮 | | | | | ...

[Key Financial Data](index=1&type=section&id=%E4%B8%80%E3%80%81%20%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE) [Key Accounting Data and Financial Indicators](index=1&type=section&id=%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) The company's Q3 2022 revenue grew significantly year-over-year, though net profit attributable to shareholders remained negative Key Financial Indicators for Q3 2022 and YTD Q3 2022 | Item | Q3 2022 | YoY Change (%) | YTD Q3 2022 | YTD YoY Change (%) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 52,375,032.05 CNY | 111.41% | 167,159,474.03 CNY | 27.82% | | Net Profit Attributable to Shareholders | -794,570.29 CNY | N/A | 18,630,805.37 CNY | -27.39% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | -3,969,136.75 CNY | N/A | 4,270,658.74 CNY | -77.76% | | Net Cash Flow from Operating Activities | -228,300 CNY (Est) | N/A | -3,663,639.47 CNY | N/A | | Basic Earnings Per Share (CNY/Share) | -0.02 | N/A | 0.44 | -42.86% | | Total R&D Investment | 21,453,937.09 CNY | 42.67% | 64,135,012.73 CNY | 64.26% | | Total Assets (End of Period) | 849,677,937.41 CNY | | | 1.07% (vs End of Prior Year) | | Equity Attributable to Shareholders (End of Period) | 817,163,012.21 CNY | | | 1.40% (vs End of Prior Year) | [Non-recurring Profit and Loss Items and Amounts](index=2&type=section&id=%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%92%8C%E9%87%91%E9%A2%9D) Non-recurring gains of ¥14.36 million, primarily from government subsidies and investment income, significantly supplemented net profit Non-recurring Profit and Loss Items (YTD) | Item | YTD Amount (CNY) | Description | | :--- | :--- | :--- | | Government Subsidies | 6,391,307.00 | Mainly subsidies for "Specialized, Refined, Unique, and Innovative" enterprises and listing incentives | | Investment Income from Wealth Management | 10,313,981.75 | Income from purchasing principal-protected, floating-rate bank wealth management products | | **Total** | **14,360,146.63** | | [Analysis of Changes in Key Financial Indicators and Reasons](index=4&type=section&id=%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87%E5%8F%91%E7%94%9F%E5%8F%98%E5%8A%A8%E7%9A%84%E6%83%85%E5%86%B5%E3%80%81%E5%8E%9F%E5%9B%A0) Revenue growth was driven by data services, while increased R&D and operational investments led to a decline in net profit - Q3 operating revenue **grew by 111.41% YoY**, primarily driven by: - Domestic business: Boosted by deliveries of basic training data orders and intelligent driving data services - Overseas business: Benefited from post-pandemic normalization and global strategy implementation, with **nearly 140% YoY growth**[11](index=11&type=chunk) - The intelligent driving business achieved significant results, adding 14 new clients in the first three quarters with **order value growing over 200% YoY**, becoming a core pillar for sustainable revenue growth[11](index=11&type=chunk)[12](index=12&type=chunk) - The YTD **decline in net profit (-27.39%)** and **non-recurring net profit (-77.76%)** was mainly due to increased strategic investments, especially in R&D, with R&D expenses **growing 64.26% YoY** and R&D personnel increasing by **49.21% YoY**[12](index=12&type=chunk)[13](index=13&type=chunk) [Shareholder Information](index=6&type=section&id=%E4%BA%8C%E3%80%81%20%E8%82%A1%E4%B8%9C%E4%BF%A1%E6%81%AF) [Shareholder Holdings](index=6&type=section&id=%E6%99%AE%E9%80%9A%E8%82%A1%E8%82%A1%E4%B8%9C%E6%80%BB%E6%95%B0%E5%92%8C%E8%A1%A8%E5%86%B3%E6%9D%83%E6%81%A2%E5%A4%8D%E7%9A%84%E4%BC%98%E5%85%88%E8%82%A1%E8%82%A1%E4%B8%9C%E6%95%B0%E9%87%8F%E5%8F%8A%E5%89%8D%E5%8D%81%E5%90%8D%E8%82%A1%E4%B8%9C%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5%E8%A1%A8) As of the reporting period end, the company had 3,504 common shareholders, with the controlling shareholder holding 20.26% - At the end of the reporting period, the total number of common shareholders was **3,504**[15](index=15&type=chunk) Top Ten Shareholders | Shareholder Name | Shareholding Ratio (%) | Shareholder Type | | :--- | :--- | :--- | | He Lin | 20.26 | Domestic Natural Person | | Beijing Zhongruian Investment Center (Limited Partnership) | 11.58 | Other | | CMBI Investment Management Co, Ltd | 9.01 | State-owned Legal Person | | Tang Difei | 8.36 | Domestic Natural Person | | Beijing Qingde Investment Center (Limited Partnership) | 5.95 | Other | | Shanghai Fengwan Investment Partnership (Limited Partnership) | 4.39 | Other | | Beijing Zhongruili Investment Center (Limited Partnership) | 4.31 | Other | | China Internet Investment Fund (Limited Partnership) | 3.01 | Other | | Shanghai Xingfu Venture Capital Management Center (Limited Partnership) | 2.86 | Other | | Huatai Haitianshengjiayuan No.1 Sci-Tech Board Employee Stock Ownership Collective Asset Management Plan | 2.50 | Other | - Key shareholder relationships: - Controlling shareholder He Lin is associated with the second-largest shareholder Beijing Zhongruian and the seventh-largest shareholder Beijing Zhongruili - The indirect controlling shareholder of the third-largest shareholder CMBI, China Mobile, is also a limited partner of the China Internet Investment Fund[18](index=18&type=chunk) [Other Important Matters](index=9&type=section&id=%E4%B8%89%E3%80%81%20%E5%85%B6%E4%BB%96%E6%8F%90%E9%86%92%E4%BA%8B%E9%A1%B9) [Industry Policy Updates and Impact](index=10&type=section&id=%E6%9C%80%E6%96%B0%E8%A1%8C%E4%B8%9A%E6%94%BF%E7%AD%96%E5%8F%8A%E5%AF%B9%E6%9C%AC%E5%85%AC%E5%8F%B8%E5%BD%B1%E5%93%8D) New regulations requiring surveying qualifications for autonomous driving data benefit the company's compliant operations - The Ministry of Natural Resources issued new regulations classifying data collection, storage, transmission, and processing for intelligent connected vehicles as surveying and mapping activities, requiring practitioners (domestic entities) or their clients to obtain the necessary qualifications[20](index=20&type=chunk) - The company obtained a **Grade B surveying and mapping qualification** in the first half of 2022, establishing a foundation for business compliance and expansion, with plans to develop integrated data collection and annotation services[21](index=21&type=chunk) [Progress on Property Purchase](index=10&type=section&id=%E5%85%B3%E4%BA%8E%E8%B4%AD%E4%B9%B0%E6%88%BF%E4%BA%A7%E7%9A%84%E6%9C%80%E6%96%B0%E8%BF%9B%E5%B1%95) The company is proceeding with a property purchase to support R&D expansion, funded by raised and internal capital - The company plans to purchase property for a total price not exceeding **¥241.5 million** to be used for fund-raising projects and R&D offices, funded by **¥106.74 million** from raised capital and the company's own funds[22](index=22&type=chunk) - The property purchase has been approved by the company's Board of Directors, Supervisory Committee, and shareholders' meeting, and is currently in progress[22](index=22&type=chunk)[23](index=23&type=chunk) [Quarterly Financial Statements](index=11&type=section&id=%E5%9B%9B%E3%80%81%20%E5%AD%A3%E5%BA%A6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) [Financial Statements](index=11&type=section&id=%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) [Consolidated Balance Sheet](index=11&type=section&id=%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) The company's total assets stood at ¥850 million with a stable financial structure and a low debt-to-asset ratio Key Balance Sheet Items (Unit: CNY) | Item | September 30, 2022 | December 31, 2021 | | :--- | :--- | :--- | | **Total Assets** | **849,677,937.41** | **840,663,396.09** | | Cash and Cash Equivalents | 269,664,927.35 | 277,703,399.65 | | Trading Financial Assets | 418,416,026.03 | 418,011,036.99 | | Accounts Receivable | 100,739,952.83 | 90,196,484.25 | | **Total Liabilities** | **32,514,925.20** | **34,754,993.04** | | **Total Equity Attributable to Parent Company** | **817,163,012.21** | **805,908,403.05** | [Consolidated Income Statement](index=13&type=section&id=%E5%90%88%E5%B9%B6%E5%88%A9%E6%B6%A6%E8%A1%A8) Revenue grew 27.82% YTD, but rising R&D and administrative expenses led to a 27.39% decline in net profit Key Income Statement Items (YTD Q3 2022) | Item | Jan-Sep 2022 (CNY) | Jan-Sep 2021 (CNY) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 167,159,474.03 | 130,776,263.35 | +27.82% | | Cost of Goods Sold | 62,528,690.04 | 42,132,924.87 | +48.41% | | Selling Expenses | 13,173,983.63 | 9,377,694.27 | +40.48% | | General & Administrative Expenses | 35,679,441.68 | 21,111,670.87 | +69.01% | | R&D Expenses | 64,135,012.73 | 39,044,099.87 | +64.26% | | Operating Profit | 14,693,795.30 | 27,585,179.55 | -46.74% | | Net Profit Attributable to Parent Company Shareholders | 18,630,805.37 | 25,658,431.78 | -27.39% | [Consolidated Cash Flow Statement](index=16&type=section&id=%E5%90%88%E5%B9%B6%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) Operating cash outflow improved significantly due to revenue growth, while financing activities involved dividend payments Key Cash Flow Statement Items (YTD Q3 2022) | Item | Jan-Sep 2022 (CNY) | Jan-Sep 2021 (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -3,663,639.47 | -13,602,459.67 | | Net Cash Flow from Investing Activities | 3,398,720.27 | -190,158,868.41 | | Net Cash Flow from Financing Activities | -11,699,897.93 | 350,371,235.32 | | Net Increase in Cash and Cash Equivalents | -8,038,472.30 | 146,508,328.89 | | Cash and Cash Equivalents at End of Period | 269,664,927.35 | 186,772,079.11 |

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2022, representing a year-on-year increase of 15%[1]. - The company has provided a revenue guidance of RMB 2.5 billion for the full year 2022, which reflects a growth target of 10%[1]. - The company achieved operating revenue of CNY 114.78 million, an increase of 8.29% compared to the same period last year[23]. - The company reported a revenue of 115 million RMB for the first half of 2022, with a net profit of 19.43 million RMB, resulting in a net profit margin of 16.92%[53]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion in the first half of 2022, representing a year-over-year growth of 20%[184]. - The company provided a positive outlook for the next quarter, projecting a revenue growth of 25% based on new product launches and market expansion strategies[184]. User Growth - User data indicates a growth in active users by 20% compared to the same period last year, reaching 5 million active users[1]. - User data showed an increase in active users, reaching 10 million by the end of the reporting period, which is a 15% increase compared to the previous year[184]. - User data showed a growth of 15% in active users, totaling 2 million by the end of the quarter[165]. Research and Development - The company is investing RMB 300 million in R&D for new technologies, focusing on machine learning and natural language processing[1]. - The company's R&D expenditure accounted for 37.18% of operating revenue, an increase of 14.53 percentage points compared to the previous year[24]. - The total R&D investment for the reporting period reached approximately 42.68 million yuan, representing a 77.79% increase compared to the same period last year[78]. - R&D expenses increased by 77.79% to 42.68 million RMB, driven by the company's focus on technology and product development[128]. - The company has developed over 1,050 proprietary standardized training data products, establishing a strong competitive advantage in the AI training data sector[50]. - The company has accumulated core technologies and professional service capabilities over many years, allowing for more efficient and precise production of AI training data[50]. Market Expansion - Market expansion efforts include entering two new international markets, aiming for a 25% increase in overseas revenue by the end of 2022[1]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[184]. - The company's overseas revenue accounted for 57.14% of total revenue, with 48.50% of revenue coming from the United States[123]. - The overseas market order volume increased nearly 2.5 times year-on-year, reflecting the company's successful global market expansion strategy[110]. Strategic Initiatives - New product launches include an advanced AI training data platform, expected to enhance market competitiveness and drive revenue growth[1]. - The company announced a strategic acquisition of a tech startup for $30 million to bolster its product offerings[165]. - The company has completed a strategic acquisition of a competitor for RMB 500 million, expected to enhance its product offerings and market share[1]. - The company is exploring partnerships with leading tech firms to leverage synergies in AI development and deployment[1]. Operational Efficiency - The management highlighted a focus on improving operational efficiency, targeting a 5% reduction in operational costs by the end of the year[1]. - Operating margin improved to 18%, up from 15% in the previous quarter[165]. - The company plans to implement cost-cutting measures expected to save $20 million annually[165]. Financial Challenges - The net profit attributable to shareholders decreased by 48.63% to CNY 19.43 million, while the net profit after deducting non-recurring gains and losses dropped by 75.54% to CNY 8.24 million[23]. - The net cash flow from operating activities was negative CNY 3.44 million, a decrease of 134.53% year-on-year[25]. - The significant decrease in net profit was attributed to increased expenditures related to employee growth and strategic investments[25]. - The company faced challenges in cash flow due to the impact of the COVID-19 pandemic, which slowed down invoicing and payment collection[25]. Market Trends - The global AI market is projected to reach $221.87 billion by 2025, with a compound annual growth rate (CAGR) of 26.2%[34]. - The Chinese AI market is expected to reach $18.43 billion by 2025, with a CAGR of 24.4%[35]. - The demand for training data in AI is driven by the need for diverse and updated datasets, with approximately 1/3 of algorithms requiring monthly updates[33]. - The AI foundational data service market in China is anticipated to grow at a CAGR of 47%, potentially exceeding 12 billion yuan by 2025[37]. Compliance and Risk Management - Risk factors include potential regulatory changes that could impact operational strategies and market access[1]. - National policies are increasingly emphasizing the importance of data as a core element of the digital economy, with various regulations such as the Data Security Law and Personal Information Protection Law being implemented to ensure data safety and compliance[44][46]. - The company is exposed to risks related to data security and compliance with evolving legal regulations, which could affect its operational integrity and lead to potential litigation[118]. Shareholder and Governance - The company has implemented its first stock incentive plan, covering over 35% of employees, to align shareholder and talent value, with a focus on strategic goals for the next 2-3 years[114]. - The company will not repurchase shares held by major shareholders during the lock-up period, maintaining shareholder confidence[160]. - The company has established a clear policy on share transfer limitations to protect investor interests and market stability[160]. - The company will ensure that any stock incentive policies are linked to the execution of compensation measures[178].

Financial Performance - The company's operating revenue for Q1 2022 was ¥47,876,427.23, representing an increase of 8.22% compared to the same period last year[5]. - The net profit attributable to shareholders decreased by 42.25% to ¥9,437,853.93, while the net profit after deducting non-recurring gains and losses fell by 68.43% to ¥4,521,816.29[5]. - Basic and diluted earnings per share were both ¥0.22, down 56.86% from the previous year[6]. - The gross profit margin for Q1 2022 was 67.62%, with gross profit remaining stable compared to the previous year[9]. - The net profit for Q1 2022 was CNY 9,437,853.93, a decrease of 42.5% compared to CNY 16,341,743.76 in Q1 2021[23]. - Operating profit for Q1 2022 was CNY 9,776,167.05, down 47.3% from CNY 18,410,114.43 in the same period last year[23]. - The total comprehensive income for Q1 2022 was CNY 9,439,473.63, a decrease of 42.1% compared to CNY 16,346,115.36 in Q1 2021[24]. Cash Flow and Assets - The net cash flow from operating activities was ¥4,768,088.45, a significant decline of 74.17% year-on-year[6]. - Cash and cash equivalents as of March 31, 2022, were CNY 262,145,504.62, down from CNY 277,703,399.65 at the end of 2021[19]. - Accounts receivable decreased to CNY 75,536,438.00 as of March 31, 2022, from CNY 90,196,484.25 at the end of 2021, indicating improved cash flow management[19]. - The company experienced a net cash decrease of CNY 15,557,895.03 in Q1 2022, compared to a decrease of CNY 4,908,641.43 in Q1 2021[28]. Research and Development - The company's R&D investment totaled ¥17,934,730.30, an increase of 81.00% year-on-year, accounting for 37.46% of operating revenue, up 15.06 percentage points[6]. - The company's R&D investment accelerated in Q1 2022, with growth outpacing the revenue growth during the same period[10]. - R&D expenses in Q1 2022 reached CNY 17,934,730.30, compared to CNY 9,908,463.03 in Q1 2021, indicating a 81.5% increase year-over-year[22]. - The company plans to continue increasing R&D investments and expanding its smart driving data service business as part of its strategic layout for 2022[9]. Overseas Business Performance - In Q1 2022, the company's overseas revenue reached ¥2,353.79 million, representing a year-on-year growth of 25.21% compared to ¥1,879.90 million in Q1 2021[11]. - The scale of overseas orders and backlog orders increased significantly by 168.71% and 607.57% respectively in Q1 2022, driven by the normalization of pandemic control measures in major overseas markets[11]. - The collection ratio of accounts receivable corresponding to overseas revenue in Q1 2022 was 39.17%, with a total collection amount of ¥1,021.83 million out of ¥2,608.89 million in accounts receivable[12]. - The company reported a significant recovery in overseas business, attributed to effective resumption of work and production by overseas clients[11]. - The company is actively adjusting its internal strategies through technology R&D and sales force development to enhance overseas business performance[11]. Shareholder Information - The top shareholder, He Lin, holds 20.26% of the shares, amounting to 8,669,725 shares[15]. - The second-largest shareholder, Beijing Zhongrui'an Investment Center, holds 11.58% of the shares, totaling 4,954,128 shares[15]. - The company has a total of 4,875 common stock shareholders as of the end of the reporting period[14]. Liabilities and Equity - Total liabilities as of March 31, 2022, were CNY 23,585,868.48, down from CNY 34,754,993.04 at the end of 2021, showing a reduction in liabilities[21]. - The company's total equity as of March 31, 2022, was CNY 815,347,876.68, an increase from CNY 805,908,403.05 at the end of 2021[22].

Financial Performance - The company's operating revenue for 2021 was ¥206,476,533.04, a decrease of 11.53% compared to ¥233,373,953.01 in 2020[24]. - The net profit attributable to shareholders for 2021 was ¥31,605,431.79, down 61.49% from ¥82,081,021.91 in 2020[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥21,067,433.20, a decline of 71.15% from ¥73,015,355.36 in 2020[24]. - The net cash flow from operating activities for 2021 was -¥15,548,319.63, a decrease of 130.38% compared to ¥51,176,659.14 in 2020[24]. - The total assets at the end of 2021 were ¥840,663,396.09, an increase of 76.11% from ¥477,350,038.99 at the end of 2020[24]. - The net assets attributable to shareholders at the end of 2021 were ¥805,908,403.05, an increase of 84.02% from ¥437,956,372.58 at the end of 2020[24]. - The company achieved a revenue of 206 million RMB in 2021, with a net profit of 31.61 million RMB, resulting in a net profit margin of 15.31%[96]. - The gross profit margin for the company stands at 64.01%, indicating strong profitability compared to competitors[96]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 2.50 RMB per 10 shares, totaling 10,700,000 RMB, which represents 33.85% of the net profit attributable to shareholders for the year[6]. - The board of directors has approved the profit distribution plan, pending approval at the annual general meeting[6]. - The company does not plan to increase capital reserves or issue bonus shares this year[6]. Research and Development (R&D) - R&D investment as a percentage of operating revenue increased by 10.67 percentage points to 29.31%[27]. - The company achieved a total R&D investment of CNY 60,520,933.71 in 2021, representing a 39.14% increase compared to CNY 43,497,496.67 in the previous year[114]. - The number of R&D personnel increased to 77, representing a 75% year-on-year growth[40]. - The company has developed 12 core technologies that support the entire training data production process, enhancing its operational capabilities[106]. - The company has made significant advancements in core technologies, including improvements in speech recognition algorithms and multi-language OCR capabilities supporting over 10 mainstream languages[109]. Market Position and Client Base - The company holds a market share of 12.9% in the Chinese AI data service industry, ranking second[95]. - The total number of clients reached 695 by the end of the reporting period, with 145 new clients added in 2021, marking the highest annual increase in five years[51]. - The company has established partnerships with 695 clients, including major tech firms like Alibaba, Tencent, and ByteDance, enhancing its market presence[95]. - The company has established itself as a leading domestic enterprise in the AI foundational data service sector, serving 695 clients across various industries including technology, finance, and education[56]. Challenges and Risks - The company faced significant challenges due to the resurgence of COVID-19 overseas and intensified industry competition, impacting overall performance[26]. - The company has a risk of core technology obsolescence due to rapid industry changes, necessitating ongoing investment in talent and technology[143]. - The company is subject to evolving data security regulations, which could impact its operations if compliance is not maintained[146]. - The company may face challenges in achieving authorized sales of its standardized training data products if they do not meet customer requirements[145]. Technological Advancements - The company has launched multiple cutting-edge technology initiatives, including voiceprint recognition and computer vision recognition[44]. - The company has developed over 930 standardized training dataset products, covering various business lines including intelligent voice, computer vision, and natural language processing[45]. - The company has developed a handwriting data collection software compatible with both iOS and Android systems, supporting global data collection capabilities[119]. - The company has completed the development of a mobile voice collection software, optimizing real-time quality control and data collection capabilities[119]. Compliance and Audit - The company has received a standard unqualified audit report from the accounting firm[5]. - The company has established a mature data security and compliance management system, achieving ISO/IEC 27001 and ISO27701 certifications, which enhances its competitive edge in data safety[139]. Sales and Marketing Strategies - The company is actively adjusting its sales strategy to counteract the impacts of the COVID-19 pandemic, including expanding its sales team and establishing new service points[50]. - The company’s overseas sales strategy was optimized for key markets including the US, Europe, Japan, and South Korea, enhancing customer engagement and brand visibility[175]. Future Outlook - The company plans to enhance its market share and R&D capabilities in response to industry changes, focusing on intelligent data processing and technology platform development[27]. - The company aims to expand its market presence and enhance its competitive edge through continuous innovation in training data solutions[56].