证券代码：000676 证券简称：智度股份 智度科技股份有限公司投资者关系活动记录表 编号：2021-02 | --- | --- | --- | --- | |-------------------------|------------------------------------|--------------------------------------------------------|-----------------| | 投资者关系活动 | √特定对象调研 | □ 分析师会议 | | | 类别 | □ 媒体采访 | □ 业绩说明会 | | | | □ 新闻发布会 | □ 路演活动 | | | | □ 现场参观 | | | | 参与单位名称及 人员姓名 | 机构投资者（具体参会名单详见附件） | | | | 时间 | 2021 年 9 月 15 日 | | | | 地点 | 电话会议 | | | | 上市公司接待人 | 董事长陆宏达先生 | | | | 员姓名 | 一、公司与华为合作情况介绍 | | | | | | 智度科技股份有限公司（以下简称"智度股份"、"公司"） | | | | 与华为 ...

证券代码： 000676 证券简称：智度股份 智度科技股份有限公司投资者关系活动记录表 编号：2022-02 | --- | --- | --- | |-------------------------|------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 投资者关系活动 | □ 特定对象调研 | □ 分析师会议 | | 类别 | □ 媒体采访 | □ 业绩说明会 | | | □ 新闻发布会 □ 现场参观 | □ 路演活动 | | | 其他 （ 2022 | 广东辖区上市公司投资者网上集体接待日活动） | | 参与单位名称及 人员姓名 | 线上参与" 2022 者 | 广东辖区投资者网上集体接待日"活动 ...

Financial Performance - The company's revenue for Q3 2022 was approximately ¥759.86 million, a decrease of 41.80% compared to ¥1.31 billion in the same period last year[9]. - Net profit attributable to shareholders was approximately ¥40.40 million, down 39.59% from ¥1.65 million in the previous year[9]. - The net profit after deducting non-recurring gains and losses was approximately ¥32.46 million, a decrease of 33.96% compared to ¥33.19 million in the same period last year[9]. - Basic earnings per share for Q3 2022 were ¥0.0317, down 39.50% from ¥0.0013 in the same period last year[9]. - The company reported a net loss of CNY 963,657,127.83 for the quarter, an improvement from a loss of CNY 1,082,536,525.81 in the previous year[43]. - The net profit for the current period is 133,251,805.42, a decrease from 139,677,895.82 in the previous period, representing a decline of approximately 3.1%[46]. - The total profit for the current period is 139,479,957.41, down from 145,947,227.68, indicating a decrease of about 4.3%[46]. - The operating profit for the current period is 139,619,645.79, compared to 145,628,868.73 in the previous period, reflecting a decline of approximately 4.1%[46]. Cash Flow - The net cash flow from operating activities for the year-to-date period was approximately ¥715.60 million, a significant increase of 2,709.17% compared to a negative cash flow of ¥27.43 million in the previous year[9]. - The cash flow from operating activities for the current period is 715,602,588.94, a significant improvement from -27,426,454.87 in the previous period[50]. - The cash flow from investing activities shows a net outflow of 423,968,523.45, contrasting with a net inflow of 32,829,300.22 in the previous period[52]. - The cash flow from financing activities has a net outflow of 208,183,890.55, compared to a net outflow of 256,717,000.70 in the previous period, indicating a slight improvement[53]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥5.08 billion, a decrease of 1.14% from ¥5.03 billion at the end of the previous year[9]. - The total assets of the company as of September 30, 2022, were CNY 5,025,946,013.33, a slight decrease from CNY 5,083,663,848.57 at the beginning of the year[43]. - The total liabilities decreased to CNY 929,773,542.51 from CNY 1,271,015,531.43, showing a reduction of 26.9%[40]. - The company's short-term borrowings decreased by 29.55% to ¥235,000,000.00, reflecting repayment and renewal of bank loans[21]. Equity and Shareholder Information - The company's equity attributable to shareholders was approximately ¥3.85 billion, reflecting an increase of 6.96% from ¥4.12 billion at the end of the previous year[9]. - The company’s equity attributable to shareholders increased to CNY 4,119,089,186.03 from CNY 3,850,908,479.46, reflecting a growth of 7%[43]. - The total number of common shareholders at the end of the reporting period is 84,655[24]. - The largest shareholder, Beijing Zhidu De Pu, holds 314,906,852 shares, representing a 24.67% stake[24]. - The second-largest shareholder, Zhidu Group Limited, holds 83,088,573 shares, representing a 6.51% stake[24]. - The total number of shares held by the top ten shareholders includes significant stakes from various investment funds and companies, indicating strong institutional interest[24]. Operating Revenue and Costs - The company's operating revenue for the third quarter was ¥2,295,586,590.28, a decrease of 51.85% compared to the same period last year, while the gross margin increased from 9.15% to 18.26%[21]. - Total operating revenue for the third quarter was CNY 2,362,244,894.90, a decrease of 51.7% compared to CNY 4,891,283,099.28 in the same period last year[44]. - Operating costs for the quarter amounted to CNY 2,219,968,263.12, down from CNY 4,792,779,321.45 year-over-year[44]. - The company's operating costs decreased by 56.67% year-on-year to ¥1,876,390,030.47, reflecting a larger reduction in costs compared to revenue[21]. Research and Development - Research and development expenses amounted to ¥76,786,843.69, a decrease of 10.87% year-on-year, focusing on overseas business and new technology development[21]. - Research and development expenses for the quarter were CNY 76,786,843.69, down from CNY 86,148,249.06 year-over-year, a decrease of 10.5%[44]. Government Subsidies and Non-Recurring Gains - The company received government subsidies amounting to approximately ¥958,350.61 in Q3 2022, contributing to its non-recurring gains[14]. - The net profit after deducting non-recurring gains and losses was approximately ¥32.46 million, a decrease of 33.96% compared to ¥33.19 million in the same period last year[9]. Metaverse Development - The company has established a joint venture, Guangzhou Zhidu Universe Technology Co., Ltd., to develop metaverse-related businesses[31]. - The joint venture aims to leverage the company's expertise in digital marketing and game development, focusing on the "Meta Beyond" metaverse art community project[31]. - The "Meta Beyond" project completed the development and release of its public beta version for PICO VR and Android on February 28, 2022[32]. - The metaverse community has launched several art exhibitions and issued hundreds of blockchain-based digital collectibles[33]. - A strategic cooperation framework agreement was signed with 37 Interactive Entertainment to integrate new metaverse technology with gaming[36]. - The company plans to introduce more artists and cultural IPs into the metaverse community to enhance user experience[33].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥1,535,730,420.61, a decrease of 55.63% compared to the same period last year[26]. - The net profit attributable to shareholders of the listed company was ¥78,476,890.89, down 12.29% year-on-year[26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥67,101,424.73, an increase of 27.70% compared to the previous year[26]. - The net cash flow from operating activities was ¥293,535,517.42, a significant increase of 376.89% compared to the same period last year[26]. - The total assets at the end of the reporting period were ¥4,824,280,696.15, a decrease of 5.10% from the end of the previous year[26]. - The net assets attributable to shareholders of the listed company were ¥3,997,434,096.13, an increase of 3.80% compared to the end of the previous year[26]. - The basic earnings per share were ¥0.0615, a decrease of 12.27% compared to the same period last year[26]. - The diluted earnings per share were also ¥0.0615, reflecting the same decrease of 12.27% year-on-year[26]. - The weighted average return on net assets was 2.00%, down 0.38% from the previous year[26]. - The company achieved total revenue of 1,591.05 million yuan, a decrease of 55.07% compared to the same period last year[94]. - Internet media business generated revenue of 502.26 million yuan, accounting for 31.57% of total revenue, with a gross profit of 201.92 million yuan, representing 62.57% of total gross profit[94]. - Digital marketing business revenue was 988.30 million yuan, making up 62.12% of total revenue, with a gross profit of 69.09 million yuan, accounting for 21.41% of total gross profit[94]. - The overall gross profit margin improved to 20.28%, up 10 percentage points from the previous year[97]. - The gross profit margin for the internet and related services sector was 18.74%, a decrease of 9.99% year-on-year[132]. Market Trends - In the first half of 2022, the domestic internet advertising market size was CNY 290.36 billion, a year-on-year decrease of 2.30%[44]. - The global internet advertising revenue is projected to reach USD 723.6 billion by 2026, with a compound annual growth rate (CAGR) of 9.1% from 2022 to 2026[39]. - In the first half of 2022, short video advertising revenue accounted for nearly 40% of total internet advertising revenue, making it a significant digital marketing channel[50]. - The advertising spending in the smart devices sector saw a year-on-year increase of 150% in Q2 2022[49]. - The advertising market is expected to face budget cuts due to regulatory pressures and economic challenges, but opportunities exist for those who can adapt quickly[38]. - The overall internet advertising market in China experienced a slight decline, but specific sectors like pets and office supplies saw accelerated marketing expenditures[46]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares[7]. - The company has made significant investments in marketing for home appliances and smart devices, driven by increased home time during the pandemic[46]. - The company is focusing on developing its own acoustic brand business and has established over 300 offline stores in key cities[102]. - The new retail business utilizes big data and live streaming platforms to intelligently match brands with suitable audiences, enhancing the "goods find people" model[86]. - The company is actively exploring new application scenarios in the metaverse, supported by local government policies promoting digital culture and technology[65]. - The company has increased its investment in internet industry services, including self-owned brands, new retail, blockchain, and metaverse initiatives[82]. - The company is focusing on the development of the metaverse business, leveraging its advantages in hardware and software to capture market opportunities[165]. Technological Developments - The company has established a metaverse art community project called "Meta Beyond," focusing on digital art and utilizing blockchain technology[66]. - The collaboration with Guoguang Electric has led to the development of VR hardware, enhancing the company's capabilities in the metaverse space[66]. - The company has developed 19 core blockchain products, achieving significant breakthroughs in consensus algorithms and dynamic scheduling systems, supporting up to 10,000 nodes[125]. - The company has filed 4 new blockchain invention patents, currently in the substantive examination stage, and has obtained 2 invention patents and 4 software copyrights[108]. - The company is developing the "Meta Beyond" metaverse art community project and VR social gaming projects, leveraging its blockchain technology and digital marketing capabilities[87]. Financial Health - The company's asset-liability ratio improved from 25.00% to 17.49%, and the current ratio increased from 2.48 to 3.42, indicating stronger financial health[93]. - The net cash flow from operating activities increased significantly from -106 million to 294 million, with cash and cash equivalents totaling 897 million[93]. - Sales expenses decreased by 33.17% and financial expenses dropped by 82.45% compared to the previous year, reflecting effective cost control measures[93]. - The company has established long-term partnerships with high-profile clients across various sectors, including fast-moving consumer goods, finance, and automotive, ensuring stable revenue streams[90]. Corporate Governance and Social Responsibility - The company is committed to sustainable development and has integrated corporate social responsibility into its business strategy, aiming to enhance overall competitiveness and profitability[182]. - The company has implemented a governance structure that ensures clear responsibilities and checks and balances among the shareholders' meeting, board of directors, supervisory board, and management[182]. - The company is enhancing employee compensation and benefits to retain top talent and improve overall competitiveness[162]. - The company has established a scientific and reasonable compensation management system to maintain employee rights and improve team stability and motivation[183]. - The company has a commitment to compliance and has established a robust internal control and risk prevention system to ensure integrity in its operations[179]. Investor Relations - The company received over 250 investor inquiries through the "Interactive Easy" platform and handled more than 200 investor phone consultations during the reporting period, demonstrating strong investor engagement[179]. - The company published 60 announcements during the reporting period, ensuring timely and accurate information disclosure to investors[179]. - The company has set up dedicated departments and personnel for information disclosure, ensuring adherence to regulatory requirements and internal policies[179].

Financial Performance - The company reported a revenue of 1.2 billion RMB for the year 2020, representing a year-over-year increase of 15%[19] - The company's operating revenue for 2020 was ¥10,716,328,383.04, a decrease of 1.26% compared to 2019[27] - The total revenue for the year 2020 was approximately ¥10.72 billion, a decrease of 1.26% compared to ¥10.85 billion in 2019[78] - The net profit attributable to shareholders for 2020 was -¥2,901,648,971.61, representing a decline of 568.24% from the previous year[27] - The net profit attributable to shareholders was -¥290,164.90 million, a decrease of 568.24% compared to the same period last year[71] - The basic earnings per share for 2020 was -¥2.2889, down 563.72% from the previous year[27] - The total non-recurring losses for 2020 amounted to -¥400,526,113.69, compared to a gain of ¥228,172,165.97 in 2019[37] - The company experienced a substantial decline in net profit excluding non-recurring items, with a loss of -¥2,501,122,857.92 in 2020, down 738.82% from the previous year[27] - The company reported a weighted average return on equity of -55.86% for 2020, down 65.76% from 2019[30] User Engagement and Market Expansion - User data showed an increase in active users by 25%, reaching a total of 5 million active users by the end of 2020[19] - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2022[19] - The company has accumulated a strong client base, including major clients like Nongfu Spring and Ctrip, ensuring stable revenue streams[46] - The digital marketing business includes partnerships with major platforms, such as Tencent and Baidu, enhancing service coverage and brand influence[46] - The company is actively expanding into new business areas, including blockchain and new retail, leveraging its technological advantages[42] Research and Development - Research and development expenses increased by 18% in 2020, totaling 150 million RMB, focusing on AI and machine learning technologies[19] - The company has increased its investment in blockchain technology and aims to accelerate the development of innovative solutions based on this technology[73] - The company is focusing on the development of IoT-based AI terminal business, with strategic investments in leading audio companies to expand its product offerings[74] - The company is committed to enhancing its technology and data capabilities to provide effective intelligent marketing services, which are crucial for advertisers[138] Risks and Challenges - The company identified key risks including market competition and regulatory changes, with strategies in place to mitigate these risks[6] - The company is facing market competition risks due to the increasing number of competitors in the mobile internet industry, necessitating a focus on strengthening its leading position[143] - The ongoing COVID-19 pandemic poses economic risks, but the company has seen an increase in global internet users, which may provide opportunities for growth in its online business[143] - The company recognizes the risk of talent loss in the internet industry and plans to enhance employee compensation and optimize performance evaluation mechanisms to retain top talent[143] Shareholder and Dividend Information - The company has no plans to distribute cash dividends or issue bonus shares for the fiscal year 2020[7] - In 2020, the company did not distribute any cash dividends, with a total cash dividend amount of 0.00[154] - The company plans to not issue cash dividends or bonus shares for the fiscal year[157] - The company’s 2019 net profit was 619.7 million yuan, with a cash dividend of 0.23 yuan per share proposed, totaling approximately 30.5 million yuan[151] Strategic Investments and Future Plans - The company has made strategic investments in blockchain technology, including investments in Bitmain and Matrixport, to enhance its capabilities in this area[73] - The company plans to leverage live e-commerce channels like Douyin and Kuaishou to create a data-driven "human-goods" intelligent matching platform, focusing on the jewelry category[141] - The company is developing a flexible supply chain for jewelry products, aiming to become the "first supply chain" in this sector by utilizing data capabilities and advertising advantages[141] - The company plans to accelerate the incubation of its own audio brand by collaborating with leading suppliers, aiming to establish a comprehensive audio product brand matrix to drive future growth[142] Asset Management and Financial Position - The total assets at the end of 2020 were ¥6,019,388,832.56, a decrease of 34.99% from the end of 2019[30] - The net assets attributable to shareholders decreased by 44.23% to ¥3,718,415,417.50 at the end of 2020[30] - The company’s accounts receivable totaled 1,499,961,135.25 CNY, accounting for 24.92% of total assets, reflecting a slowdown in customer payments due to the pandemic[102] - The company’s cash and cash equivalents increased to 1,104,274,265.71 CNY, representing 18.35% of total assets, up from 7.89% at the beginning of the year[102] Operational Efficiency - The company has implemented a talent cultivation system, with approximately 70% of employees holding a bachelor's degree or higher, enhancing professional capabilities and loyalty[64] - The company is focusing on enhancing its core competitiveness through internationalization and technological innovation in digital marketing and blockchain sectors[62][63] - The company is optimizing its business structure by divesting from non-core subsidiaries to focus on high-growth areas[137]

Financial Performance - The company reported a revenue of 1.2 billion RMB for the year 2021, representing a year-on-year increase of 15%[22]. - The company has set a revenue guidance for 2022, projecting a growth of 20% compared to 2021, aiming for approximately 1.44 billion RMB[22]. - The company reported a net profit margin of 12% for 2021, reflecting improved operational efficiency[22]. - Net profit attributable to shareholders for 2021 was ¥133,491,478.84, representing a 104.60% increase from a net loss in 2020[29]. - The net profit after deducting non-recurring gains and losses was ¥58,330,700.96, up 102.33% from the previous year[29]. - The net cash flow from operating activities was ¥181,437,903.95, an increase of 182.06% compared to 2020[29]. - The company achieved total revenue of 584,433.65 million CNY, a decrease of 45.78% compared to the previous year's 1,077,849.15 million CNY[83]. - The net profit attributable to shareholders was 13,349.15 million CNY, a turnaround from a loss of 290,164.9 million CNY in the previous year[83]. - The gross profit reached 73,284.13 million CNY, an increase of 55.92% from 47,002.23 million CNY year-on-year, with a gross margin of 12.54%, up 8.18 percentage points from 4.36%[83]. User Engagement and Market Expansion - User data showed an increase in active users by 25% year-on-year, reaching 5 million active users by the end of 2021[22]. - New product launches in 2021 included two major software updates that improved user engagement by 30%[22]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[22]. Research and Development - Research and development expenses increased by 18% in 2021, totaling 150 million RMB, focusing on AI and IoT technologies[22]. - The number of R&D personnel decreased by 42.64% to 148, with a significant reduction in those under 30 years old[115]. - R&D expenses decreased by 28.33% to ¥117,323,147.45, with R&D investment accounting for 2.06% of operating income[115]. Digital Marketing and Advertising - The company is exploring potential mergers and acquisitions to enhance its digital marketing capabilities in 2022[22]. - The digital marketing business contributed 465,162.32 million CNY in revenue, making up 79.59% of total revenue, with a gross profit of 26,139.65 million CNY, which is 35.67% of total gross profit[83]. - The company’s digital marketing capabilities are enhanced by its extensive experience and professional talent in the consumer goods market[67]. - The advertising market share for short video ads is rapidly increasing, driven by consumer preferences for interactive content[51]. Blockchain and Technology Initiatives - The company has established a blockchain technology platform and is actively engaged in supply chain finance, having received permission from the Guangdong Financial Bureau[68]. - The company is focusing on optimizing its business structure and enhancing core competitiveness, particularly in digital marketing and blockchain technology applications[82]. - The company is developing a large-scale open license blockchain platform, "Smart Chain 2.0," which supports 10,000 nodes and enhances blockchain performance[166]. - The company is actively exploring and investing in blockchain technology applications across various industries, including supply chain, insurance, and digital art[91]. Corporate Governance and Compliance - The company maintained its controlling shareholder, Beijing Zhidude Investment Center, throughout the reporting period[27]. - The company has established an independent organizational structure and governance system, ensuring no interference from shareholders or other entities in its management[191]. - The company received over 100 investor inquiries through the "Interactive Easy" platform in 2021, emphasizing its commitment to investor relations[189]. Economic and Market Risks - The ongoing COVID-19 pandemic poses economic risks, but the company is adapting by optimizing its strategic and operational capabilities to mitigate potential impacts[176]. - The company faces market competition risks due to the rapid evolution of the mobile internet industry and is focused on enhancing its core competitiveness and brand recognition[172]. Future Outlook and Strategic Initiatives - The company aims to solidify its internet marketing and digital media business, optimizing media and client structures while integrating marketing resources to enhance competitiveness and maintain industry leadership[165]. - The company plans to produce VR/AR devices and has secured contracts for acoustic modules for multiple VR device models, with production expected in 2022 and 2023[92]. - The company is enhancing its own brand incubation by collaborating with leading suppliers like Guoguang Electric and major tech firms such as Baidu and Amazon to develop a brand matrix in the audio consumer goods sector[170].

Financial Performance - The company's revenue for Q1 2022 was ¥818,587,305.12, representing a decrease of 55.92% compared to ¥1,857,166,484.80 in the same period last year[4] - Net profit attributable to shareholders for Q1 2022 was ¥31,194,456.90, down 50.74% from ¥83,248,920.21 year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥24,242,904.43, a decrease of 45.15% compared to ¥44,200,857.41 in the previous year[4] - Basic earnings per share for Q1 2022 were ¥0.0244, down 50.81% from ¥0.0652 in the previous year[4] - Total operating revenue for the first quarter was ¥850,633,923.58, a decrease of 55.06% compared to ¥1,891,584,961.68 in the previous period[28] - Operating income was ¥818,587,305.12, down from ¥1,857,166,484.80, reflecting a decline of 56.01%[28] - Net profit for the quarter was ¥44,600,844.24, down 28.83% from ¥62,620,525.67 in the same period last year[30] - The net profit attributable to the parent company was ¥31,194,456.90, a decrease of 50.83% compared to ¥63,329,276.40[30] - Other comprehensive income after tax was -¥15,693,842.38, compared to ¥10,336,050.85 in the previous period[30] - The company reported a comprehensive income total of ¥28,907,001.86, down from ¥72,956,576.52[30] Cash Flow - The net cash flow from operating activities improved significantly to ¥84,420,881.37, compared to a negative cash flow of ¥56,093,106.10 in the same period last year, marking a 250.50% increase[4] - Net cash flow from operating activities is 84,420,881.37, a significant improvement from a net outflow of -56,093,106.10 in the previous period[34] - Total cash inflow from operating activities is 1,034,337,108.68, down from 2,441,890,978.79 in the previous period[34] - Total cash outflow from operating activities is 949,916,227.31, compared to 2,497,984,084.89 in the previous period[34] - Cash flow from investing activities shows a net inflow of 16,223,409.12, recovering from a net outflow of -3,252,264.59 in the previous period[34] - Cash flow from financing activities resulted in a net outflow of -160,581,106.89, compared to -108,886,852.66 in the previous period[34] Assets and Liabilities - Total assets at the end of Q1 2022 were ¥4,814,166,076.38, a decrease of 5.30% from ¥5,083,663,848.57 at the end of the previous year[6] - Total liabilities decreased from 2,000,000,000 RMB to 1,800,000,000 RMB, indicating improved financial stability[21] - Total liabilities amounted to ¥970,805,273.84, down from ¥1,271,015,531.43[26] - Total equity attributable to shareholders of the parent company was ¥3,865,899,565.02, an increase from ¥3,850,908,479.46[26] Operational Efficiency - Operating costs decreased by 995,868,918.54, a 59.34% reduction, leading to an increase in gross profit margin as the decline in costs outpaced revenue[10] - The company reported a 42.94% decrease in employee compensation payable, amounting to a reduction of 27,866,459.47, due to the distribution of last year's year-end bonuses[10] - Financial expenses decreased by 12,224,533.16, an 84.98% decline, as a result of reduced bank loans and bill discounting activities[10] Investments and Strategic Initiatives - The company established a joint venture, Guangzhou Zhidu Universe Technology Co., Ltd., with Zhidu Group and Guoguang Electric Co., Ltd. to develop metaverse-related businesses[17] - The company launched the "Meta Beyond" project, which includes VR applications and art exhibitions in the metaverse, with three art exhibition halls already established[19] - A strategic cooperation framework agreement was signed with 37 Interactive Entertainment to integrate new-generation metaverse technology with gaming[20] - The company plans to enhance its digital marketing and blockchain capabilities to support the growth of its metaverse initiatives[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 85,706, with the largest shareholder holding 27.78% of the shares[13] - As of March 31, 2022, Zhidu Group Limited holds 83,088,573 shares, representing 6.51% of the total shares outstanding[16] Other Financial Metrics - The company recognized government subsidies amounting to ¥1,787,900.05 during the reporting period, which are closely related to its normal business operations[7] - The company made a correction to its previous accounting errors regarding equity investments, which may impact future financial reporting[6] - The weighted average return on net assets for Q1 2022 was 0.81%, down from 2.22% in the same period last year, indicating a decline of 1.41 percentage points[4] - The company’s goodwill decreased slightly from 613,859,147.56 RMB to 612,661,384.09 RMB, reflecting ongoing adjustments in asset valuations[24] - The company’s long-term receivables decreased by 478,799.80, a 100.00% decline, due to a reduction in factoring business related to internet finance[10] - Accounts receivable decreased by 99,930,493.00, a 100.00% decline, due to the maturity of bank acceptance bills during the reporting period[10]

Financial Performance - The company's revenue for Q3 2021 was ¥1,305,637,439.53, a decrease of 55.03% compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2021 was ¥1,648,070.78, an increase of 104.25% year-on-year[5] - The net profit after deducting non-recurring gains and losses for Q3 2021 was ¥33,191,115.90, up 159.48% from the previous year[5] - Total revenue decreased by 45.02% to ¥4,891,283,099.28, while gross profit margin improved compared to the previous year[13] - Net profit attributable to the parent company is ¥226,804,205.65, compared to a net loss of ¥113,867,983.18 in the previous period[39] - The company reported a net profit margin of approximately 4.6% for the current period, compared to a negative margin in the previous period[39] - Basic earnings per share for the current period is ¥0.1777, compared to a loss per share of ¥0.0900 in the previous period[39] Assets and Liabilities - The total assets at the end of Q3 2021 were ¥5,197,688,963.97, a decrease of 13.28% compared to the end of the previous year[5] - The total liabilities as of September 30, 2021, were CNY 3.18 billion, reflecting a significant reduction from previous periods[29] - The company's non-current assets totaled approximately CNY 2.01 billion, an increase from CNY 1.90 billion at the end of 2020[29] - Total liabilities amount to ¥1,328,476,733.71, down from ¥2,335,809,423.08 in the previous period[32] - The company's total current assets amounted to approximately CNY 3.18 billion, a decrease of 22.2% from CNY 4.09 billion on December 31, 2020[26] - The company's cash and cash equivalents were CNY 830.78 million, down from CNY 1.10 billion, representing a decline of 24.7%[26] Cash Flow - The company reported a net cash flow from operating activities of -¥27,426,454.87 for the first nine months of 2021, a decrease of 75.92% year-on-year[5] - Cash inflow from operating activities totaled 5,680,482,554.78, down from 9,836,264,948.12 in the previous period[43] - Cash outflow from operating activities was 5,707,909,009.65, compared to 9,950,167,159.83 in the previous period[43] - Operating cash flow for the current period was -27,426,454.87, compared to -113,902,211.71 in the previous period, indicating an improvement[43] Operational Efficiency - Operating costs fell by 48.48% to ¥4,330,708,330.77, indicating a more efficient cost structure in response to reduced revenue[13] - Research and development expenses decreased by 29.59% to ¥86,148,249.06, with continued investment in overseas projects like self-developed browsers and mobile internet products[16] - Financial expenses decreased by 39.83% to ¥27,596,133.40, due to changes in bank loans and financing scale[16] Strategic Initiatives - The company has focused on optimizing its business structure and expanding its market presence, particularly among core brand clients[9] - The company signed a cooperation agreement with Huawei to become the exclusive advertising agent for various sectors, enhancing its digital marketing capabilities[22] - The company aims to expand its market presence and client base in the second half of the year, focusing on increasing advertising budgets[25] Changes in Financial Position - The equity attributable to shareholders at the end of Q3 2021 was ¥3,923,302,007.24, an increase of 6.18% year-on-year[5] - Long-term borrowings were reclassified, resulting in a 100% decrease in reported long-term debt[13] - The company reported a significant reduction in short-term borrowings, which decreased to CNY 270.20 million from CNY 503.53 million[29] Other Financial Metrics - Deferred income tax liabilities increased by 212.28% to ¥44,448,605.11, reflecting temporary differences related to financial asset investments[16] - Other comprehensive income after tax for the current period is -¥6,428,473.46, compared to ¥50,210,960.91 in the previous period[39] - The company did not conduct an audit for the third quarter report[57]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥3,461,502,093.27, a decrease of 41.89% compared to the same period last year[27]. - The net profit attributable to shareholders was ¥225,156,134.87, a significant increase of 400.01% year-on-year, recovering from a loss of ¥75,049,219.42 in the previous year[27]. - The net profit after deducting non-recurring gains and losses was ¥37,999,942.45, up 174.98% from a loss of ¥50,679,018.52 in the same period last year[27]. - The basic earnings per share increased to ¥0.1764, compared to a loss of ¥0.0605 per share in the previous year, marking a growth of 391.57%[27]. - The total assets at the end of the reporting period were ¥5,528,678,645.73, down 7.76% from the end of the previous year[27]. - The net assets attributable to shareholders increased by 6.07% to ¥3,919,129,491.94 compared to the end of the previous year[27]. - The net cash flow from operating activities was negative at ¥106,011,135.08, worsening by 155.82% compared to the previous year[27]. - The company achieved total operating revenue of 354,092.57 million yuan, a year-on-year decrease of 40.73%[60]. - The net profit attributable to shareholders increased by 400.01% to 22,515.61 million yuan[60]. - The gross profit for the period was 34,877.26 million yuan, an increase of 4,143.98 million yuan, with a gross margin of 9.85%, up 4.71 percentage points from the previous year[60]. Business Operations - The company has established a strong presence in the digital marketing sector, leveraging partnerships with major platforms like Tencent, Baidu, and Alibaba to enhance its service offerings[40]. - The company has successfully facilitated financing of 230 million CNY for small and micro enterprises through its blockchain and supply chain finance platform, addressing the challenges of financing difficulties[44]. - The company has developed a diverse media matrix for digital brand advertising, focusing on the living room economy and securing exclusive agency rights for Mango TV's OTT advertising from 2020 to 2022[40]. - The company is actively expanding its new retail business, particularly in the jewelry sector, integrating supply chain resources to create a comprehensive retail platform[41]. - The company has accumulated a robust client base, including well-known brands across various sectors, ensuring stable revenue streams and long-term partnerships[46]. - The company is leveraging its technological advantages in AI and big data to enhance service efficiency and reduce operational costs, driving competitive differentiation[45]. - The company has made significant investments in blockchain technology, achieving substantial progress in applications for supply chain finance and other sectors[44]. - The company’s digital marketing services have expanded to include social media platforms, capitalizing on the rapid growth of short video and live streaming markets[40]. - The company has maintained a focus on developing its proprietary brands, utilizing its digital marketing expertise to penetrate both domestic and international markets[41]. Market Trends and Competition - The internet advertising market in China reached 297.2 billion yuan in 2020, with a year-on-year growth of 33.65%[52]. - The live e-commerce market size was approximately 1,060 billion yuan in 2020, with a year-on-year growth of 161%[58]. - The company faces market competition risks due to the rapid evolution of the mobile internet industry and increasing competition[114]. - The global pandemic has led to increased internet user activity, with a significant shift towards mobile platforms, benefiting the company's online business model[118]. - The company acknowledges the potential risk of reduced market demand if the global economic situation worsens due to the pandemic[118]. Investment and Financial Strategy - The company plans not to distribute cash dividends or issue bonus shares[7]. - The company reported a total non-operating income of 187,156,192.42 CNY, with significant contributions from fair value changes and investment income from financial assets[34]. - The company reported a fair value change gain of ¥190,752,213.00, a significant increase of 251.29% compared to a loss of -¥126,085,422.53 in the previous year[81]. - Investment income for the reporting period was CNY 16,364,895.14, accounting for 5.99% of total profit, primarily from financial product investments and equity investments in joint ventures[89]. - The company reported a credit impairment loss of CNY -23,638,346.53, which is -8.66% of total profit, reflecting expected credit loss provisions[89]. Corporate Governance and Compliance - The company emphasizes compliance with regulatory requirements and has established an effective internal control and risk prevention system[134]. - The company has established a comprehensive governance structure, ensuring clear responsibilities and effective checks and balances among the board, supervisory board, and management[138]. - The company is committed to corporate social responsibility, striving to create greater value for shareholders while adhering to social and business ethics[138]. - The company has implemented a specialized fundraising management approach, strictly adhering to regulatory requirements for the management and use of raised funds[138]. Future Outlook and Strategic Goals - The company projects a revenue target of 3 billion RMB for the full year 2021, which would represent a 15% increase compared to 2020[162]. - New product launches are expected to contribute an additional 500 million RMB in revenue by the end of 2021[165]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[168]. - Research and development investments increased by 30% in 2021, focusing on AI and machine learning technologies[171]. - The company is exploring potential acquisitions to enhance its technology portfolio, with a budget of 200 million RMB allocated for this purpose[174]. - A strategic partnership with a leading tech firm is expected to enhance product offerings and drive innovation[177]. - The company has set a goal to reduce operational costs by 10% through efficiency improvements by the end of 2021[180].

Financial Performance - The company reported a revenue of 1.2 billion RMB for the year 2020, representing a year-on-year growth of 15%[19] - The net profit attributable to shareholders was 200 million RMB, an increase of 10% compared to the previous year[19] - The company's operating revenue for 2020 was ¥10,716,328,383.04, a decrease of 1.26% compared to ¥10,853,215,610.03 in 2019[27] - The net profit attributable to shareholders for 2020 was -¥2,923,301,112.60, representing a decline of 571.73% from ¥619,697,152.88 in 2019[27] - The net cash flow from operating activities was -¥221,105,114.81 in 2020, a decrease of 271.03% compared to ¥129,280,873.41 in 2019[27] - The total assets at the end of 2020 were ¥5,993,810,486.37, down 35.26% from ¥9,258,769,774.51 at the end of 2019[30] - The net assets attributable to shareholders decreased by 44.58% to ¥3,694,923,733.85 in 2020 from ¥6,666,824,468.68 in 2019[30] - The basic earnings per share for 2020 was -¥2.3059, a decline of 567.16% from ¥0.4936 in 2019[27] - The company reported a weighted average return on equity of -56.39% at the end of 2020, down 66.29% from 9.90% at the end of 2019[30] - The total non-operating losses for 2020 amounted to -¥397,439,400.20, compared to a gain of ¥228,172,165.97 in 2019[37] - The company experienced a significant decline in quarterly performance, with the fourth quarter net profit attributable to shareholders at -¥2,809,433,129.42[33] Market Expansion and Strategy - The company plans to invest 300 million RMB in R&D for new products and technologies in 2021[19] - Future guidance indicates a projected revenue growth of 20% for 2021, targeting 1.44 billion RMB[19] - The company is expanding its market presence in Southeast Asia, aiming for a 10% market share by 2023[19] - A strategic acquisition of a local tech firm was completed for 150 million RMB to enhance technological capabilities[19] - The company has established a blockchain platform approved by the Guangdong Provincial Financial Bureau, providing financing support services to 204 SMEs and 2 financial institutions, with a total loan amount of RMB 77.35 million in 2020[41] - The company is actively expanding into new business areas such as blockchain and new retail, leveraging its technological advantages[42] - The company aims to enhance service efficiency and quality through the integration of AI algorithms and big data technology, driving competitive advantages[42] - The company is focusing on the development of IoT-based AI terminal business, with strategic investments in leading audio companies to expand its product offerings[74] - The company is exploring new retail business opportunities by providing strong supply chain capabilities to various stakeholders in the short video and live-streaming market[141] - The company is actively pursuing market expansion through mergers and acquisitions to optimize its industry layout and drive performance growth[136] Risk Management - The board of directors emphasized the importance of risk management in future operations, particularly in the context of market volatility[6] - The company has identified potential risks including regulatory changes and competitive pressures, with strategies in place to mitigate these risks[6] Digital Marketing and Advertising - The company's digital marketing services cover various channels, including being a platinum agent for Tencent and a core distributor for Baidu, enhancing its market presence[42] - The digital marketing industry in China is predicted to see an average budget growth of 20% in 2021, with a focus on short video ads, KOL ads, and performance-based advertising[137] - The company aims to solidify its position in internet marketing and digital media, optimizing client structure and integrating marketing resources to enhance competitiveness and profit margins[138] - The company plans to leverage live-streaming e-commerce channels to create a data-driven "smart matching" platform for brands and merchants, focusing on the jewelry category[138] Blockchain Technology - The company has developed a blockchain platform, Zhichain 2.0, which has obtained 2 invention patents and 4 software copyrights, and is recognized as a leading blockchain enterprise in China[55] - The company is investing in blockchain technology to enhance supply chain finance and improve transparency in public governance, aiming for nationwide cooperation with major banks[141] - The company is committed to building a large-scale permissioned blockchain infrastructure to achieve high transaction processing performance and strong data privacy security[141] - The company has launched 19 core blockchain products, covering all essential modules of blockchain technology, and has made significant breakthroughs in various applications[63] Employee and Corporate Culture - Approximately 70% of the company's employees hold a bachelor's degree or higher, with a strong emphasis on recruiting talent from leading global internet companies[64] - The company is focused on improving employee compensation and benefits to mitigate talent retention risks in the competitive internet industry[142] - The company has committed to enhancing its corporate culture to improve employee morale and overall competitiveness[142] Financial Management and Investments - The company has made strategic investments in blockchain technology, including investments in Bitmain and Matrixport, to enhance its capabilities in this area[73] - The company’s total investments during the reporting period were 114,301,874.00, a significant decrease of 71.53% compared to the previous year[116] - The company reported a total investment in securities of ¥506,466,852.44, with a fair value change loss of ¥189,089,324.20 during the reporting period[120] Cash Flow and Assets - Cash and cash equivalents increased to 1,104,274,265.71 CNY, representing 18.42% of total assets, up from 7.89% at the beginning of the year[102] - Accounts receivable totaled 1,499,961,135.25 CNY, accounting for 25.03% of total assets, reflecting a shift due to the new revenue recognition standards and slower customer payments[102] - The company recognized a credit impairment loss increase due to longer collection periods and deteriorating customer credit conditions[105] Corporate Governance and Compliance - The company did not report any significant differences in net profit and net assets between international and Chinese accounting standards during the reporting period[31] - The company has achieved performance commitments for the years 2015 to 2018, including both fulfilled and unfulfilled commitments, with compensation obligations being met by the responsible parties[165]