Financial Performance - The company's revenue for Q3 2022 was ¥3,090,641,878.84, representing a decrease of 33.99% compared to the same period last year[4] - The net profit attributable to shareholders for Q3 2022 was -¥161,845,565.23, a decline of 187.06% year-over-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥168,535,767.49, down 379.44% from the previous year[4] - The basic earnings per share for Q3 2022 was -¥0.05, a decrease of 179.37% year-over-year[4] - Net profit fell by 346.97% to CNY -399,355,841.47, attributed to a focus on core business and increased R&D investment, alongside market demand contraction due to the pandemic[9] - Total profit decreased by 273.43% to CNY -380,518,063.39, impacted by delayed order deliveries and reduced revenue[9] - The comprehensive income total for the period was a loss of ¥385.13 million, compared to a gain of ¥240.34 million in the previous year[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥33,481,440,608.93, an increase of 2.36% compared to the end of the previous year[4] - The total liabilities decreased to ¥19.08 billion from ¥21.95 billion, a reduction of about 13.1%[23] - The total current liabilities decreased to RMB 11.87 billion from RMB 15.43 billion, representing a reduction of approximately 23.67%[22] - The total non-current assets rose to RMB 13.28 billion from RMB 12.56 billion, reflecting an increase of approximately 5.73%[22] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥1,959,903,561.50, an increase of 43.98% in cash outflow compared to the previous year[4] - Cash flow from operating activities improved to CNY -1,959,903,561.50, a reduction from CNY -3,498,389,167.07 in the previous period[9] - Operating cash flow for the current period was -1,959,903,561.50 CNY, an improvement from -3,498,389,167.07 CNY in the previous period, indicating a 43.9% reduction in cash outflow[26] - Cash inflow from financing activities reached 11,360,888,698.20 CNY, up from 8,031,529,027.06 CNY, marking a 41.5% increase[27] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 184,687[11] - The largest shareholder, China Electronics Corporation, holds 1,269,203,475 shares, representing 53.72% of total shares[11] - A cash dividend of RMB 0.472 per share was distributed to shareholders, totaling RMB 152.26 million based on a total share capital of 3,225,799,087 shares[13] Financing Activities - The company completed a non-public issuance of 285,603,151 shares at an average price of RMB 13.96 per share, raising approximately RMB 3.98 billion after fees[12] - The total bank credit limit was reduced to approximately RMB 23.02 billion, with the parent company applying for RMB 15.3 billion and subsidiaries for RMB 7.72 billion[14] - The company secured a total of RMB 2 billion in loans from China Electronics Finance Co., Ltd. during the reporting period[17] - The company has actively expanded its financing capabilities through multiple loan agreements and credit facilities during the reporting period[17] Research and Development - Development expenses rose by 55.41% to CNY 230,255,578.05, primarily due to increased R&D investments by subsidiaries[9] - Research and development expenses increased to ¥934.38 million from ¥819.97 million, representing a rise of approximately 14.0% year-over-year[24] Government Support - The company reported a total of ¥36,044,942.03 in government subsidies recognized during the reporting period[6]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥6,401,120,941.60, a decrease of 10.95% compared to ¥7,188,268,866.27 in the same period last year[12]. - The net profit attributable to shareholders of the listed company was -¥297,640,371.51, compared to -¥83,051,302.47 in the previous year[12]. - The basic and diluted earnings per share were both -¥0.094, compared to -¥0.028 in the same period last year[12]. - The weighted average return on net assets was -2.30%, down from -0.92% in the previous year[12]. - The net profit after deducting non-recurring gains and losses was -32,443.72 million RMB, compared to -12,007.55 million RMB in the same period last year[136]. - The company reported a total comprehensive loss of RMB -245,946,131.20, compared to RMB -36,340,582.53 in the prior period[144]. - The company reported a total of RMB 418,715,303.22 in other comprehensive income for the first half of 2022[149]. - The comprehensive income for the first half of 2022 showed a total loss of RMB 79,451,621.55, primarily due to a decrease in undistributed profits by RMB 83,051,302.47[149]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥1,857,361,139.81, an improvement from -¥2,999,844,208.58 in the same period last year[12]. - Cash and cash equivalents at the end of the reporting period amounted to ¥4,707,575,433.56, representing 13.59% of total assets, an increase of 1.73% from the previous year[36]. - The total cash inflow from financing activities increased significantly to 7,553,408,761.06 RMB, up from 5,285,003,617.67 RMB year-on-year, reflecting strong capital raising efforts[147]. - Cash and cash equivalents at the end of the period increased to RMB 4,472,067,976.08, compared to RMB 3,262,354,366.14 at the end of the previous period[146]. - The total cash outflow for operating activities was 3,975,639,323.67 RMB, which is higher than 3,341,618,475.93 RMB in the same period last year, highlighting increased operational costs[147]. Investment and R&D - Research and development investment increased by 16.36% to ¥622,833,763.43, reflecting the company's commitment to enhancing product performance and structure[31]. - The company launched a series of new products, including high-performance domestic chips, laptops, and multi-core servers, enhancing its product lineup and market competitiveness[19]. - The company established a new R&D team of 3,000 personnel to enhance its innovation capabilities[30]. - The company aims to strengthen its core technology and enhance its strategic competitiveness by focusing on independent innovation and the development of a domestic computing hardware ecosystem[22]. Market and Business Strategy - The company faced challenges in the first half of 2022, with both operating revenue and operating profit declining, prompting a strategic focus on cost control and market expansion[25]. - The company streamlined its business structure from 25 categories to 10, focusing on core business areas and exiting low-margin operations[28]. - The company emphasized the importance of reform and market expansion to stabilize business and growth amid adverse market conditions[26]. - The company is expanding into new markets while maintaining traditional markets, focusing on enhancing customer service and credit evaluation[66]. Subsidiaries and Equity - The company has established subsidiaries and offices in 31 provinces and regions, significantly improving its market coverage and service capabilities[19]. - The subsidiary Zhongyuan Electronics acquired a 15% stake in China Electronics Finance, with the transaction pending due to uncertainties related to external conditions and the ongoing merger with Zhihua Finance[44]. - The company transferred 30% equity of Hunan Zhongdian Xinghe Electronics Co., Ltd. to China Electronics Limited, completing the transaction by the end of the reporting period[60]. - The company has multiple subsidiaries, including Hunan Great Wall Technology Information Co., Ltd. and Shenzhen Zhongdian Great Wall Energy Co., Ltd., enhancing its operational capabilities[156]. Financial Position - Total assets at the end of the reporting period were ¥34,646,989,394.38, representing a 5.92% increase from ¥32,710,739,585.26 at the end of the previous year[12]. - The total equity rose to RMB 14.59 billion, compared to RMB 10.76 billion, indicating an increase of approximately 35.5%[140]. - The company's capital reserve increased to RMB 4.71 billion from RMB 913.51 million, a substantial rise of approximately 415.5%[140]. - The debt-to-asset ratio decreased to 57.90% from 67.10%, showing a reduction of 9.20% year-over-year[136]. Environmental and Social Responsibility - The company has implemented a monthly and quarterly monitoring system for pollutants, ensuring compliance with environmental standards[78]. - The company has installed an online monitoring system for wastewater, tracking total lead, COD, ammonia nitrogen, and pH levels[78]. - As of July 31, 2022, the company has conducted consumption assistance activities totaling 121,563 yuan to support rural revitalization efforts[80]. - In July 2022, the company donated 200,000 yuan to the finance bureau of Yanling County, contributing to the construction of the revolutionary old area[80]. Corporate Governance - The company held a temporary shareholders' meeting with a participation rate of 44.58% on April 22, 2022[68]. - The board and supervisory committee's term has been extended to ensure continuity during the ongoing election process for the new board[70]. - The company has experienced changes in its board members, with Zhang Jun Nan being elected as a new director on May 23, 2022[70]. - The company has not engaged in any major litigation or arbitration matters during the reporting period[83]. Related Party Transactions - The company reported a total of ¥50,713.40 (approximately $7.6 million) in related party transactions, accounting for 5.80% of similar transaction amounts[87]. - The company has established procurement agreements with related parties, including ¥33,030.94 (approximately $5 million) for server and storage purchases[87]. - The company expects to engage in related party transactions for procurement and sales totaling approximately RMB 1.397 billion for the year 2022, with actual amounts for the reporting period being RMB 459.90 million for procurement and RMB 144.90 million for sales[88]. Financial Reporting and Compliance - The semi-annual financial report for the company has not been audited[82]. - The financial statements are prepared on a going concern basis, indicating that the company has the ability to continue its operations for at least 12 months from the reporting date[159]. - The company adheres to the accounting standards issued by the Ministry of Finance, ensuring that the financial statements reflect a true and complete picture of its financial status as of June 30, 2022[160].

Financial Performance - The company's operating revenue for Q1 2022 was ¥2,829,164,461.45, a decrease of 9.24% compared to ¥3,117,187,785.59 in the same period last year[4] - The net profit attributable to shareholders was -¥116,906,958.47, an improvement from -¥158,732,620.02 year-on-year[4] - The total operating costs amounted to CNY 2,976,966,671.05, down from CNY 3,187,902,785.72, reflecting a reduction of 6.63%[21] - Net profit for the period was a loss of CNY 107,679,889.52, an improvement from a loss of CNY 137,451,767.50 in the previous period[21] - The total comprehensive income for the period was a loss of CNY 109,290,208.40, compared to a loss of CNY 134,142,737.78 in the previous period[22] Cash Flow - The net cash flow from operating activities was -¥1,881,934,901.14, compared to -¥1,672,988,526.76 in the previous year[4] - Operating cash flow for the current period was -1,881,934,901.14 RMB, compared to -1,672,988,526.76 RMB in the previous period, indicating a decline in cash flow from operations[23] - Cash inflow from investment activities was 1,539,150,403.81 RMB, significantly up from 215,689,557.98 RMB in the previous period[24] - Net cash flow from financing activities increased to 3,040,363,332.29 RMB, compared to 1,826,250,244.45 RMB in the previous period, reflecting stronger financing efforts[24] - The company reported a cash inflow of 4,148,527,531.80 RMB from operating activities, down from 4,493,057,448.32 RMB in the previous period[23] Assets and Liabilities - Total assets increased by 4.71% to ¥34,252,393,029.25 from ¥32,710,739,585.26 at the end of the previous year[4] - The total liabilities decreased to CNY 19,566,638,864.81 from CNY 21,947,416,795.54, a reduction of 10.83%[21] - Total equity increased to CNY 14,685,754,164.44 from CNY 10,763,322,789.72, representing a growth of 36.05%[21] - The total number of common shareholders at the end of the reporting period is 188,410, with the largest shareholder, China Electronics Co., Ltd., holding 39.35% of shares[9] Shareholder Information - The top ten shareholders include China Electronics Co., Ltd. (39.35%), Industrial Investment Fund Co., Ltd. (1.78%), and Hong Kong Central Clearing Limited (1.67%) among others[9] - The total number of shares held by the largest shareholder, China Electronics Co., Ltd., is 1,269,203,475[9] - The total number of shares after the exercise of stock options increased from 2,928,182,053 to 2,940,195,936[14] Investment and Financing - The company reported a significant increase in investment income, reaching ¥59,252,745.66, up 261.78% from ¥16,377,991.34 in the previous year[8] - Cash flow from financing activities increased by 66.48% to ¥3,040,363,332.29, compared to ¥1,826,250,244.45 in the same period last year[8] - The company plans to use up to RMB 1.8 billion of idle raised funds to temporarily supplement working capital, with a duration not exceeding 12 months[14] - The company has obtained a credit loan of RMB 400 million from Agricultural Bank of China for one year[14] - A comprehensive credit limit of RMB 2.1 billion has been secured from China Construction Bank for two years[14] Operational Changes - The company has completed the change of legal representative to President Xu Jiantang as of January 5, 2022[12] - The company has signed a tripartite supervision agreement for the management of raised funds with China Construction Bank and CITIC Securities[13] - The company has entered into a lease agreement with China Electronics for office space in Shenzhen for a period of three years[13] Research and Development - Research and development expenses rose to CNY 289,718,974.34, up from CNY 250,142,328.47, indicating a growth of 15.77%[21]

Financial Performance - The company's operating revenue for 2021 was ¥17,790,432,972.09, representing a 23.15% increase compared to ¥14,446,088,072.53 in 2020[14]. - The net profit attributable to shareholders for 2021 was ¥597,624,297.17, a decrease of 35.59% from ¥927,860,457.31 in 2020[14]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥132,308,296.33, down 73.32% from ¥495,831,536.87 in 2020[14]. - The net cash flow from operating activities for 2021 was -¥288,868,928.04, a decline of 272.72% compared to ¥167,245,199.31 in 2020[14]. - The total assets at the end of 2021 were ¥32,710,739,585.26, an increase of 18.82% from ¥27,530,266,999.06 at the end of 2020[14]. - The net assets attributable to shareholders at the end of 2021 were ¥9,708,145,793.30, reflecting an 8.36% increase from ¥8,959,499,701.36 at the end of 2020[14]. - The company reported a significant decline in basic and diluted earnings per share, which were both ¥0.204 in 2021, down 35.65% from ¥0.317 in 2020[14]. - The weighted average return on net assets decreased to 6.37% in 2021 from 10.73% in 2020, indicating a decline in profitability[14]. Dividend Distribution - The company plans to distribute a cash dividend of 0.472 CNY per 10 shares based on a total of 3,225,799,087 shares[2]. - The company plans to distribute cash dividends of RMB 152,257,716.91, which is 25.48% of the net profit attributable to shareholders for the year 2021[112]. - The cash dividend policy is compliant with the company's articles of association and shareholder resolutions, ensuring transparency and protection of minority shareholders' rights[110]. - The cash dividend distribution is 100% of the total profit distribution amount, indicating a strong commitment to returning value to shareholders[111]. - The company has a clear cash dividend standard of RMB 0.472 per 10 shares, ensuring clarity in the distribution process[112]. Market Position and Growth - The market for the company's core business, particularly in the information technology and innovation sector, is expected to grow significantly, with projections estimating a market size of ¥800 billion by 2025[20]. - The company has established a strong market presence in the financial sector, achieving over 60% market share in smart banking terminals, and has been a leader in the domestic financial industry for six consecutive years[21]. - The revenue from the network security and information technology segment was approximately ¥11.95 billion, accounting for 67.19% of total revenue, with a year-on-year growth of 45.63%[26]. - The company achieved a market share of nearly 33% in the party and government market, with a sales coverage rate exceeding 50% in central enterprises[24]. - The company is expanding its market presence, targeting a 25% increase in market share in the Asia-Pacific region over the next two years[86]. Research and Development - The company’s R&D investment has increased significantly to strengthen core technology research and product development, contributing to a decline in profit margins due to rising costs[25]. - The company has over 1,300 patents and has established 4 national-level innovation platforms and 13 provincial-level innovation platforms[25]. - The company’s R&D expenses for 2021 were ¥1,247,009,889.08, representing a year-on-year increase of 24.45% compared to ¥1,002,004,702.27 in 2020[34]. - The company plans to enhance its core technological capabilities and innovation platform system to maintain its leading position in key industries[25]. - The company is committed to research and development of new products and technologies to maintain competitive advantage[93]. Strategic Investments and Acquisitions - The company completed the acquisition of a 29.99% stake in MaiPu Communication Technology Co., Ltd. for approximately RMB 225.34 million, enhancing its strategic position in the network equipment sector[47]. - The company is currently in the process of merging China Electronics Finance with Zhenhua Financial, which may affect the completion of the acquisition of the 15% stake[48]. - The company is considering strategic acquisitions to enhance its technology portfolio, with a budget of RMB 1.5 billion allocated for potential M&A activities[90]. - The company has initiated a project to prepare for the listing of Changcheng Information Co., Ltd., including feasibility studies and drafting listing plans[176]. - The company has approved a capital increase of RMB 54 million for Hunan Changcheng Feifan Information Technology Co., Ltd. to support the China Great Wall Marine Information Security Industrialization Base Project, increasing registered capital to RMB 235 million[173]. Corporate Governance and Management - The company has a complete and independent governance structure, ensuring compliance with relevant laws and regulations[73]. - The company operates independently from its controlling shareholder in terms of business, personnel, assets, and finance, maintaining a clear ownership relationship[74]. - The company has established a robust after-sales service system to enhance customer credit and performance evaluation[70]. - The company has a strong management team with advanced degrees and significant industry experience, including expertise in finance, engineering, and technology[85]. - The company emphasizes the importance of risk management and corporate governance, with independent directors possessing diverse expertise[84]. Environmental Responsibility - The company is classified as a key pollutant discharge unit, with specific emissions data showing compliance with environmental standards, such as COD at 8.41 mg/L against a standard of 150 mg/L[127]. - In 2021, the company invested in pollution control facilities, ensuring stable operation and compliance with emission standards throughout the year[128]. - The company has committed to high-quality development and social responsibility, focusing on environmental protection and sustainable development[129]. - The company has established a third-party monitoring system for environmental compliance, ensuring accurate and reliable data reporting[128]. - The company has implemented a comprehensive environmental management system, ensuring compliance with regulations and effective monitoring of pollution control measures[128]. Employee and Talent Management - The total number of employees at the end of the reporting period was 16,838, including 1,504 at the parent company and 15,334 at major subsidiaries[104]. - The company has established a salary growth mechanism linked to corporate performance and individual work performance to attract and retain top talent[105]. - The professional composition of employees includes 7,636 production personnel, 970 sales personnel, 5,277 technical personnel, 315 financial personnel, and 2,640 administrative personnel[104]. - The company has set up a detailed training plan to enhance employee skills and established the China Great Wall Cloud Academy to support training initiatives[106]. - The company has a total of 1,329 employees with a master's degree or above, indicating a strong educational background among its workforce[104]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements and future plans[3]. - The company is actively managing risks associated with industry competition and is focusing on strategic planning and external collaboration[70]. - The company faces procurement and supply chain risks due to international complexities and the pandemic, leading to increased uncertainty in raw material and product costs[70]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[128]. - The company has no significant litigation or arbitration matters during the reporting period, with other minor litigation totaling 163 million RMB[139].

Financial Performance - The company's operating revenue for Q3 2021 was ¥4,682,435,234.57, representing a 32.61% increase compared to ¥3,530,916,252.60 in the same period last year[4]. - Net profit attributable to shareholders was ¥185,906,612.54, a 35.17% increase from ¥137,540,403.14 year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 39.67% to ¥60,311,086.75 from ¥99,962,204.11 in the previous year[4]. - The company's operating revenue for the reporting period reached ¥11,870,704,100.84, a year-on-year increase of 59.13% compared to ¥7,459,722,802.53 in the same period last year[9]. - The net profit for the reporting period was ¥161,702,048.53, a significant turnaround from a loss of ¥131,146,726.36 in the previous year[9]. - The company reported a total profit of ¥219,404,164.47, compared to a loss of ¥136,008,082.73 in the same period last year[9]. - Operating costs increased by 64.31% to ¥9,480,746,176.27, up from ¥5,770,186,326.64, primarily due to revenue growth in core business[9]. - The company’s management expenses rose by 50.10% to ¥696,344,459.08, up from ¥463,907,952.21, attributed to increased employee compensation and new equity incentive amortization expenses[9]. Assets and Liabilities - The company's total assets increased by 17.04% to ¥32,221,050,345.64 from ¥27,530,266,999.06 at the end of the previous year[5]. - The equity attributable to shareholders increased by 2.12% to ¥9,149,740,860.86 from ¥8,959,499,701.36 at the end of the previous year[5]. - Cash and cash equivalents decreased by 34.79% to RMB 3,069,041,777.78 compared to the previous year-end[8]. - Trade financial assets increased by 113.74% to RMB 744,024,854.34 due to subsidiary purchases of short-term trading financial assets[8]. - Accounts receivable rose by 32.41% to RMB 4,912,767,070.31, primarily due to new revenue not yet settled[8]. - Total liabilities reached RMB 20.53 billion, compared to RMB 16.56 billion at the end of 2020, indicating an increase of approximately 24.5%[28]. - The company's total liabilities increased significantly, reflecting a shift of long-term borrowings to current liabilities, with a rise of 80.64% in non-current liabilities due within one year to RMB 2,803,528,817.10[8]. Cash Flow - The net cash flow from operating activities for the year-to-date was negative at ¥-3,498,389,167.07, compared to ¥-2,279,188,305.46 in the previous year[4]. - The cash flow from operating activities showed a net outflow of ¥3,498,389,167.07, worsening from a net outflow of ¥2,279,188,305.46 in the previous year, mainly due to increased procurement payments[9]. - Cash inflow from financing activities amounted to 8,031,529,027.06 CNY, with cash outflow of 4,845,408,350.12 CNY, leading to a net cash flow from financing activities of 3,186,120,676.94 CNY[33]. Investments and Acquisitions - The company plans to raise a maximum of RMB 398,702 million through a non-public stock issuance, adjusted from the previous limit of RMB 400,000 million[15]. - The company acquired R&D experimental land in Yantai, Shandong for approximately RMB 22 million[16]. - The company plans to invest RMB 161.58 million in a new subsidiary by transferring the assets of the Xingsha Science and Technology Park[18]. - The company is preparing for the spin-off listing of its subsidiary, Great Wall Information, on the Shenzhen Stock Exchange's Growth Enterprise Market, with a minimum of 10% of the total share capital to be issued[18]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 217,246[12]. - The largest shareholder, China Electronics Corporation, holds 41.36% of the shares, totaling 1,215,478,547 shares[12]. - Minority shareholders' profit increased by 86.62% to ¥58,846,738.46, compared to ¥31,533,262.19 in the previous year, due to the completion of mixed-ownership reform by a subsidiary[9]. Financial Strategy and Risk Management - The company secured a total of RMB 70 billion in comprehensive credit facilities from China Electronics Finance Co., Ltd. under a financial cooperation agreement signed on June 7, 2021, with a term of three years[22]. - The company’s financial risk assessment report indicated no significant deficiencies in the risk control system of China Electronics Finance Co., Ltd. as of September 30, 2021[21]. - The company’s financial activities reflect a strategic focus on securing liquidity through various credit facilities and loans to support its operations and growth initiatives[22]. Accounting and Policy Changes - The company has made adjustments to its accounting policies in accordance with the new leasing standards issued by the Ministry of Finance[5]. - The company recognized a right-of-use asset of CNY 199,330,596.90 due to the new lease accounting standard[36]. - The company adjusted the exercise price of stock options from RMB 8.073 to RMB 7.987 due to the implementation of the 2020 profit distribution plan[16].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥7,188,268,866.27, representing an increase of 82.96% compared to the same period last year[19]. - The net profit attributable to shareholders of the listed company was -¥83,051,302.47, an improvement from -¥300,220,391.69 in the previous year[19]. - The net cash flow from operating activities was -¥2,999,844,208.58, worsening from -¥606,340,935.27 in the same period last year[19]. - The company's revenue for the reporting period reached ¥7,188,268,866.27, representing an increase of 82.96% compared to ¥3,928,806,549.93 in the same period last year[42]. - The gross profit margin improved significantly, with operating costs rising to ¥5,742,259,394.10, an increase of 83.70% from ¥3,125,933,624.70, primarily due to growth in core business revenue[42]. - The basic earnings per share were -¥0.028, improving from -¥0.103 in the same period last year[19]. - The diluted earnings per share were also -¥0.028, consistent with the basic earnings per share[19]. - The weighted average return on net assets was -0.92%, an improvement from -3.69% in the previous year[19]. - The net profit after deducting non-recurring gains and losses for the current period is -120,075,478.64 RMB, an improvement from -346,033,026.88 RMB in the same period last year[185]. Assets and Liabilities - Total assets at the end of the reporting period were ¥31,472,405,093.57, an increase of 14.32% from the end of the previous year[19]. - The total assets of the company as of June 30, 2021, are 31,472,405,093.57 RMB, an increase from 27,530,266,999.06 RMB at the end of the previous year[193]. - The company's cash and cash equivalents decreased to 3,514,784,637.93 RMB from 4,706,162,588.10 RMB at the end of the previous year[193]. - Inventory increased significantly to 7,747,731,662.29 RMB, up from 5,605,002,131.01 RMB year-over-year[193]. - Total liabilities increased to CNY 21.38 billion from CNY 18.18 billion, a growth of 12.06% year-over-year[196]. - Current liabilities rose to CNY 13.92 billion, up from CNY 11.72 billion, reflecting an 18.66% increase[196]. - Non-current liabilities increased to CNY 7.46 billion, compared to CNY 6.46 billion, marking a 15.47% rise[196]. - The company's equity attributable to shareholders rose to CNY 9.10 billion from CNY 8.96 billion, a 1.58% increase[196]. - The total equity increased to CNY 10.09 billion from CNY 9.35 billion, reflecting a growth of 8.06%[196]. Investments and Acquisitions - The company completed the acquisition of a stake in MPT Communications, enhancing its capabilities in the autonomous network equipment sector[29]. - The company invested CNY 523,354,879.52 during the reporting period, a decrease of 8.98% compared to CNY 575,000,000.00 in the same period last year[59]. - The company made significant equity investments totaling CNY 880,149,875, with a total loss of CNY 24,119,779.19 during the reporting period[60]. - The company holds a 15% stake in China Electronics Finance Co., with an investment of CNY 508,914,975, which is still incomplete[60]. - The company is currently developing the Shiyan Base Phase III Cybersecurity and Information Technology Industry Project, with an investment of CNY 76,418,003.45 during the reporting period and a total investment of CNY 191,888,691.16[62]. Research and Development - Research and development expenses increased by 33.69% to ¥535,251,314.59, reflecting the company's commitment to enhancing product performance and structure[44]. - The company achieved mass production of new generation octa-core CPUs and multi-channel server CPUs, enhancing its core technology capabilities[29]. - The company has developed a series of core products with independent intellectual property rights, including laptops and multi-channel servers based on new domestic high-performance chips[29]. - The company emphasizes innovation-driven development and has been recognized as a national technology innovation demonstration enterprise[33]. - The company is committed to strengthening its self-research capabilities in key technologies and products, aiming for breakthroughs in innovation and transitioning from a manufacturing to a technology-driven enterprise[79]. Market Presence and Strategy - The company expanded its market presence by establishing subsidiaries and offices, significantly improving its market coverage and service capabilities[29]. - The company expanded its market presence by acquiring a stake in Mai Tongxin and increasing investment in Zhongdian Zhike, enhancing its competitiveness in the network security field[38]. - The domestic market accounted for 65.90% of total revenue, with a year-on-year growth of 80.53%[46]. - The company has expanded its business footprint across multiple provinces, enhancing its product marketing and after-sales service systems, which mitigates market risk[77]. - The company aims to leverage the Great Wall brand as a national team, focusing on core business areas and enhancing brand influence across various provinces[78]. Environmental and Social Responsibility - The company has actively engaged in environmental protection, with all pollution control facilities operating stably and pollutants meeting discharge standards in the first half of 2021[94]. - The company conducted consumption assistance activities totaling 2.1651 million yuan from January to July 2021, including donations of 1.8885 million yuan and consumption assistance of 276,600 yuan[102]. Governance and Management - The company has initiated a plan to optimize its governance structure and enhance operational management capabilities to improve efficiency and reduce risks[77]. - The company plans to implement a market-oriented talent recruitment strategy, enhancing its talent management and incentive mechanisms to attract high-end professionals[80]. - The company has no significant asset or equity sales during the reporting period[69][70]. - The company has no major penalties or rectification situations reported during the period[111]. Stock Options and Shareholder Information - The company will not distribute cash dividends, issue bonus shares, or convert capital reserves into share capital for the half-year period[87]. - The first phase of the stock option incentive plan was adjusted from 540 to 526 participants, with the total options reduced from 26.8232 million to 25.8019 million, resulting in the cancellation of 1.0213 million options[88]. - The total number of shares held by the top ten unrestricted ordinary shareholders includes significant holdings by China Electronics Co., Ltd. and Hong Kong Central Clearing Limited[171]. - The total number of ordinary shareholders at the end of the reporting period is 206,313[170]. - The total number of shares increased to 2,938,359,515 after the exercise of stock options totaling 10,177,462 shares[165].