云南南天电子信息产业股份有限公司 2021 年第三季度报告 证券代码：000948 证券简称：南天信息 公告编号：2021-046 云南南天电子信息产业股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 重要内容提示: 云南南天电子信息产业股份有限公司 2021 年第三季度报告 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不 存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度 报告中财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 本报告期比上年同期增 | 年初至报告期末 | 年初至报告期末比上年 | | --- | --- | --- | --- | --- | | | | 减 | | 同期增减 | | 营业收入（元） | 1,297,560,0 ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥2,104,177,135.38, representing a 24.65% increase compared to ¥1,688,002,732.35 in the same period last year[20]. - The net profit attributable to shareholders was ¥10,458,699.29, a significant turnaround from a loss of ¥17,460,041.57 in the previous year, marking a 159.90% improvement[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥9,113,312.54, compared to a loss of ¥17,561,161.52 last year, reflecting a 151.89% increase[20]. - The basic earnings per share increased to ¥0.0274 from a loss of ¥0.0512, showing a 153.52% improvement[20]. - The total operating revenue for the first half of 2021 reached ¥2,104,177,135.38, an increase of 24.5% compared to ¥1,688,002,732.35 in the same period of 2020[149]. - Operating profit for the first half of 2021 was ¥11,843,196.39, a significant recovery from a loss of ¥19,628,896.54 in the first half of 2020[151]. - Net profit for the first half of 2021 was ¥14,199,533.73, compared to a net loss of ¥17,394,972.50 in the same period of 2020, marking a turnaround[151]. - The company reported a total profit of ¥11,529,139.29 for the first half of 2021, compared to a total loss of ¥19,458,635.81 in the first half of 2020[151]. - The company's total comprehensive income for the first half of 2021 was ¥14,199,533.73, compared to a loss of ¥17,319,863.28 in the first half of 2020[152]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,632,286,484.00, a decrease of 4.22% from ¥4,836,439,264.99 at the end of the previous year[20]. - The net assets attributable to shareholders increased slightly by 0.46% to ¥2,278,173,556.51 from ¥2,267,714,857.22 at the end of the previous year[20]. - Cash and cash equivalents decreased by 13.89% to ¥940,569,759.88, accounting for 20.30% of total assets[58]. - Accounts receivable increased by 6.37% to ¥961,099,740.05, representing 20.75% of total assets[58]. - Inventory rose by 2.66% to ¥1,549,328,395.04, making up 33.45% of total assets[58]. - Short-term borrowings increased significantly by 5.83% to ¥554,115,021.06, which is 11.96% of total assets[58]. - The total liabilities at the end of the reporting period were 1,361,340.00 million yuan, reflecting a stable financial structure[173]. Cash Flow - The net cash flow from operating activities was negative at -¥929,080,084.64, worsening by 23.13% compared to -¥754,582,379.80 in the same period last year[20]. - The net cash flow from operating activities for the first half of 2021 was -929,080,084.64 CNY, compared to -754,582,379.80 CNY in the same period of 2020, indicating a decline in operational cash flow[159]. - Total cash inflow from operating activities in the first half of 2021 was 1,744,244,857.79 CNY, up from 1,366,568,506.25 CNY in the first half of 2020, representing an increase of approximately 27.6%[159]. - Cash outflow from operating activities increased to 2,673,324,942.43 CNY in the first half of 2021, compared to 2,121,150,886.05 CNY in the same period of 2020, reflecting a rise of about 26%[159]. - The net cash flow from investing activities saw a dramatic decline of 3,217.44%, amounting to -¥35,001,235.30, primarily due to increased investments in intelligent cloud platforms[47]. Research and Development - Research and development investment rose significantly by 64.88% to ¥189,882,815.50, driven by ongoing innovation in financial technology and cloud platform projects[47]. - The company plans to increase investment in technology innovation, research and development, and talent cultivation to support the development of the "信创" industry, which is expected to grow at a compound annual growth rate of 37.4% over the next five years[29]. - The company has allocated 4,892.94 million yuan for new technology research and development initiatives[168]. Market Expansion and Strategy - The company is actively expanding into digital government, smart transportation, smart education, and smart healthcare sectors, with notable projects like the Xiong'an Smart Party Building and Kunming Metro mobile payment platform[35]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2022[94]. - A strategic acquisition of a local tech firm is in progress, expected to enhance the company's technological capabilities and market reach[94]. - The company is exploring potential mergers and acquisitions to enhance its competitive position in the market[168]. Risks and Challenges - The company faces various risks including industry policy risks, market competition risks, talent loss risks, technology risks, and economic environment risks[4]. - The competitive landscape in the financial IT sector is intensifying, with increased participation from traditional financial service providers and internet companies[75]. - The international economic environment poses risks, including exchange rate fluctuations and trade tensions, which could impact the company's operations[78]. Corporate Governance and Compliance - The company has implemented a modern corporate governance structure to enhance operational efficiency and innovation, aligning with national reform initiatives[39]. - The company emphasizes its commitment to compliance and transparency in financial reporting, ensuring adherence to regulatory standards[94]. - The company will strictly adhere to laws and regulations to improve corporate governance, ensuring shareholders can fully exercise their rights[95]. Social Responsibility - The company emphasizes its commitment to social responsibility, focusing on digital transformation for clients and engaging in poverty alleviation efforts since March 2016[90].

Financial Performance - The company's operating revenue for Q1 2021 was ¥798,150,463.56, representing a 21.09% increase compared to ¥659,120,435.74 in the same period last year[7] - The net profit attributable to shareholders was -¥22,524,546.77, an improvement of 52.15% from -¥47,069,838.17 year-on-year[7] - The net profit for the first quarter was a loss of CNY 22,648,769.71, compared to a loss of CNY 54,734,721.46 in the same period last year[42] - The operating profit for the quarter was a loss of CNY 21,014,656.31, improving from a loss of CNY 55,517,178.07 in the previous year[42] - The net profit for the current period is reported at -¥1,340,299.29, an improvement from -¥5,132,276.53 in the previous period[46] Cash Flow - The net cash flow from operating activities was -¥723,615,181.49, showing a slight improvement of 1.59% compared to -¥735,341,172.77 in the previous year[7] - Cash flow from operating activities shows a net outflow of -¥723,615,181.49, slightly better than -¥735,341,172.77 previously[50] - Total cash outflow for operating activities was ¥1,479,590,332.54, up from ¥1,288,864,021.42[50] - The company reported a cash and cash equivalents balance of ¥686,288,744.69 at the end of the period, down from ¥926,236,580.21[51] - The company reported a decrease in cash flow from financing activities, with a net cash flow of -132,646,211.93 yuan[54] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,346,831,117.12, down 10.12% from ¥4,836,439,264.99 at the end of the previous year[7] - The company's current assets decreased to CNY 3,580,804,122.27 from CNY 4,066,892,484.39, reflecting a reduction of about 12.0%[32] - Total liabilities decreased to CNY 2,007,272,760.47 from CNY 2,474,232,138.63, a decline of about 19.0%[34] - The company's equity attributable to shareholders decreased to CNY 2,245,190,310.45 from CNY 2,267,714,857.22, a reduction of approximately 1.0%[35] - The total assets decreased from CNY 4,361,072,546.22 to CNY 3,949,561,451.18, indicating a reduction of about 9.4%[38] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 30,978[10] - The largest shareholder, Yunnan Provincial Industrial Investment Holding Group, held 41.98% of the shares, amounting to 160,006,707 shares[10] - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period[11] Research and Development - Research and development expenses increased to CNY 83,676,935.62, compared to CNY 66,113,963.42 in the prior year, reflecting a growth of approximately 26.6%[41] - Research and development expenses increased significantly to ¥35,148,897.70 from ¥18,117,716.99, indicating a focus on innovation[45] Government Support - The company received government subsidies amounting to ¥1,411,300.09 during the reporting period[8] Communication and Engagement - The company reported a total of 18 investor calls during the reporting period, indicating active engagement with stakeholders[28] - The company responded to 37 inquiries on the interactive platform, reflecting its commitment to transparency and communication with investors[28] - The company is focused on production operations, industry development, and future growth prospects as discussed in investor communications[28] Other Financial Metrics - The weighted average return on net assets was -1.00%, an increase of 2.07% from -3.07% in the same period last year[7] - The basic earnings per share were -¥0.0591, improving by 59.75% from -¥0.1468 year-on-year[7] - Total operating costs amounted to CNY 821,404,318.76, up from CNY 720,747,987.85 year-over-year[41] - The company's financial expenses decreased by 6.64 million yuan, down 133.41%, mainly due to a reduction in loan balances compared to the previous year[16] - The company’s tax expenses increased by 2.02 million yuan, up 311.6%, due to profit growth leading to higher tax liabilities[16]

Financial Performance - The company reported a total revenue of 381,165,677 CNY for the year 2020, with a cash dividend distribution of 0.5 CNY per 10 shares[4]. - The company's operating revenue for 2020 was approximately ¥4.24 billion, representing a 28.34% increase compared to ¥3.30 billion in 2019[16]. - The net profit attributable to shareholders for 2020 was approximately ¥95 million, a 60.53% increase from ¥59 million in 2019[16]. - The net profit after deducting non-recurring gains and losses was approximately ¥88 million, up 52.09% from ¥58 million in 2019[16]. - The net cash flow from operating activities reached approximately ¥251 million, a significant improvement of 281.47% compared to a negative cash flow of ¥138 million in 2019[16]. - The company reported a basic earnings per share of ¥0.2595, reflecting a 40.57% increase from ¥0.1846 in 2019[16]. - The total assets at the end of 2020 were approximately ¥4.84 billion, a 19.82% increase from ¥4.04 billion at the end of 2019[16]. - The net assets attributable to shareholders increased to approximately ¥2.27 billion, a 45.52% rise from ¥1.56 billion at the end of 2019[16]. - The company achieved a revenue of 4.239 billion yuan in 2020, representing a year-on-year growth of 28.34%[38]. - The net profit attributable to the parent company was 949.965 million yuan, an increase of 60.53% compared to the previous year[38]. Shareholder Information - The company has a controlling shareholder, Yunnan Provincial State-owned Assets Supervision and Administration Commission, with a direct shareholding of 35.38%[14]. - The company distributed a cash dividend of 0.50 CNY per share, totaling 19,058,283.85 CNY for the 2019 fiscal year, approved in the 2020 shareholder meeting[107]. - The cash dividend for the 2020 fiscal year is proposed to be the same as the previous year, with a total of 19,058,283.85 CNY based on the total share capital of 381,165,677 shares[108]. - The total distributable profit available for shareholders is 392,659,782.29 yuan, which includes retained earnings from previous years and adjustments from accounting policy changes[111]. - The cash dividend represents 100% of the profit distribution total, adhering to the minimum requirement of 20% for cash dividends during significant capital expenditure periods[111]. Business Strategy and Operations - The company has not changed its main business operations since its listing[14]. - The company plans to continue its market expansion and product development strategies in the upcoming year[4]. - The company is focused on three main business segments: software development and services, intelligent channel solutions, and integrated solutions, aiming to become a leader in digital services[28]. - The company is actively expanding its digital services into sectors such as education, healthcare, and public administration, leveraging its expertise in the financial industry[35]. - The company has established strategic partnerships with well-known IT and internet companies, enhancing its market position across various sectors including finance, government, and energy[29]. - The company has established partnerships with various technology firms to enhance its product offerings and market reach[4]. Research and Development - The company invested 384 million yuan in R&D during the reporting period, focusing on technologies such as 5G, AI, big data, and cloud computing[40]. - The company has established a digital currency research team to explore business opportunities related to digital RMB in cross-border payments[42]. - The company has implemented over 1,000 financial application software product solutions, with service outlets reaching 50,000, demonstrating widespread recognition among domestic banks[33]. - The company has a total of 92 valid patents and 615 software copyrights, reflecting its strong innovation capabilities[33]. Market Position and Growth Opportunities - The banking IT solutions market is projected to grow at a compound annual growth rate of 18%-20%, reaching over ¥80 billion by 2022, presenting significant opportunities for the company[25]. - The total investment for the "Digital Yunnan" initiative is projected at 377.6 billion yuan, with 665 projects planned, providing significant growth opportunities for the company[34]. - The company is recognized as the only A-share listed IT company in Yunnan Province, positioning it as a key player in the region's information industry[34]. - The company has been recognized multiple times in various industry rankings, enhancing its brand value and competitive edge in the market[47]. Risk Management - The company has identified risks including industry policy risk, market competition risk, talent loss risk, technology risk, and economic environment risk[4]. - The company faces risks related to industry policy changes, market competition, talent retention, technology updates, and economic environment fluctuations[97][98][100][101][102]. Corporate Governance and Compliance - The company has committed to avoiding any business activities that may lead to competition with its main business, ensuring compliance with relevant regulations[113]. - The company has pledged to disclose significant information to investors in a timely manner and to adhere to legal and regulatory requirements regarding information transparency[114]. - The company has established a robust internal control system to enhance operational management and risk prevention capabilities[149]. - The company has actively improved its investor relations management, ensuring timely and accurate information disclosure[148]. Employee and Talent Management - The company has established a comprehensive employee training program, including key talent development initiatives to ensure sustainable growth[150]. - The company has a total of 4,883 technical personnel, representing approximately 75.8% of the workforce[196]. - The company aims to enhance its training programs to support talent development, with a focus on key positions and a long-term goal of becoming a digital talent training base[197]. Social Responsibility - The company has actively engaged in social responsibility, including tax compliance and environmental protection, contributing significantly to local economic development[152]. - The company has implemented a rental reduction plan for small and micro enterprises affected by the COVID-19 pandemic, alleviating their operational difficulties[152]. - The company has been actively involved in poverty alleviation efforts since March 2016, sending personnel to support local communities[154]. Financial Management - The company has not engaged in any related party transactions that could harm the interests of shareholders, ensuring compliance with legal and regulatory standards[114]. - The company has not reported any significant changes in its operational strategies or major acquisitions during the reporting period[131]. - The company has a structured approach to shareholder meetings, ensuring compliance with regulations and protecting minority shareholder interests[200].

2020 年第三季度报告 2020 年 10 月 1 云南南天电子信息产业股份有限公司 2020 年第三季度报告全文 第一节 重要提示 云南南天电子信息产业股份有限公司 2020 年第三季度报告全文 云南南天电子信息产业股份有限公司 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连 带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人徐宏灿、主管会计工作负责人宋卫权及会计机构负责人(会计主 管人员)闫春光声明：保证季度报告中财务报表的真实、准确、完整。 2 云南南天电子信息产业股份有限公司 2020 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | 本报告期末比上年度末增减 | | | --- | --- | --- | --- | --- | | 总资产（元） | 4,061,988,205.50 | 4,036,304,040.40 | | 0.64% | | 归属于上市公司股东的净资产 ...

证券代码：000948 证券简称：南天信息 公告编号：2020-058 云南南天电子信息产业股份有限公司 关于参加云南辖区上市公司 2020 年投资者网上 集体接待日活动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流工作，云南南天电子信息产业股份 有限公司（以下简称"公司"）将参加由中国证券监督管理委员会云南监管 局指导、云南省上市公司协会主办、深圳市全景网络有限公司协办的"诚 实守信 做受尊敬的上市公司"——云南辖区上市公司 2020 年投资者网上 集体接待日活动，现将有关事项公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台， 采取网络远程的方式举行，投资者可以登录"全景•路演天下"网站 （http://rs.p5w.net/）参与公司本次投资者集体接待日活动，本次活动 时间为 2020 年 9 月 18 日（星期五）9:30 至 12:00，其中，网上交流时间 为 10:20 至 11:50。 届时公司的董事会秘书赵起高先生、财务总监闫春光先生、证券事务 代表沈硕女士将通过网络在线交流形式与投资 ...

云南南天电子信息产业股份有限公司 2020 年半年度报告全文 云南南天电子信息产业股份有限公司 2020 年半年度报告 2020 年 08 月 1 云南南天电子信息产业股份有限公司 2020 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 公司负责人徐宏灿、主管会计工作负责人宋卫权及会计机构负责人(会计主 管人员)闫春光声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 公司半年度报告中涉及的未来计划、业绩预测等方面的内容，均不构成公 司对投资者及相关人士的实质承诺，敬请投资者注意投资风险，并请理解计划、 预测与承诺之间的差异。《证券时报》《中国证券报》《上海证券报》《证券日报》 和巨潮资讯网（http://www.cninfo.com.cn）为本公司选定的信息披露媒体，本 公司所有信息均以在上述选定媒体刊登的信息为准。 公司存在行业政策风险、市场竞争风险、人才流失风险、技术风险、经济 环境风险等风险，具体内容详 ...

云南南天电子信息产业股份有限公司 2020 年第一季度报告全文 云南南天电子信息产业股份有限公司 2020 年第一季度报告 2020 年 04 月 1 云南南天电子信息产业股份有限公司 2020 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人徐宏灿、主管会计工作负责人徐宏灿及会计机构负责人(会计主 管人员)刘涓声明：保证季度报告中财务报表的真实、准确、完整。 2 云南南天电子信息产业股份有限公司 2020 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 单位：股 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 659,120,435.74 | 439,239,432.65 | 50.06% | | 归属于上市公司股东的净利润（元） | -47 ...

云南南天电子信息产业股份有限公司 2019 年年度报告全文 云南南天电子信息产业股份有限公司 2019 年年度报告 2020 年 04 月 1 云南南天电子信息产业股份有限公司 2019 年年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连 带的法律责任。 公司负责人徐宏灿、主管会计工作负责人徐宏灿及会计机构负责人(会计主 管人员)刘涓声明：保证年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 公司本年度报告中涉及的未来计划、业绩预测等方面的内容，均不构成公 司对投资者及相关人士的实质承诺，敬请投资者注意投资风险，并请理解计划、 预测与承诺之间的差异。《证券时报》《中国证券报》《上海证券报》《证券日报》 和巨潮资讯网（http://www.cninfo.com.cn）为本公司选定的信息披露媒体，本 公司所有信息均以在上述选定媒体刊登的信息为准，敬请投资者注意投资风险。 公司存在经济环境风险、行业政策风险、市场竞争风险、人才流失风险、 技术风险等风险， ...

Financial Performance - Operating revenue for the reporting period was ¥893,964,257.63, representing a year-on-year increase of 25.40%[7] - Net profit attributable to shareholders decreased by 70.16% to ¥18,477,936.09 for the reporting period[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥18,681,774.00, an increase of 19.79% year-on-year[7] - Basic earnings per share were ¥0.0577, down 77.02% compared to the same period last year[7] - The weighted average return on net assets was 0.79%, a decrease of 3.37% compared to the previous year[7] - The company's total profit decreased by ¥60,235,976.10, down 144.84%, primarily due to the absence of significant investment gains from the previous year[19] - The net profit for Q3 2019 was CNY 22,587,334.98, a decrease of 63.0% from CNY 61,054,103.11 in Q3 2018[50] - The net profit for the period was a loss of CNY 15,029,687.98, compared to a profit of CNY 18,072,461.86 in the same period last year[57] - The total comprehensive income for the period was a loss of CNY 15,028,281.93, compared to a profit of CNY 18,072,461.86 in the previous year[58] - The net profit for the third quarter of 2019 was CNY 6,076,422.76, a significant decrease from CNY 77,211,762.29 in the same period last year, representing a decline of approximately 92.1%[61] - The total profit for the third quarter was CNY 6,637,051.27, down from CNY 102,650,195.11 in the same quarter last year, reflecting a decline of approximately 93.5%[61] Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,602,792,168.71, an increase of 16.33% compared to the end of the previous year[7] - The company's cash and cash equivalents decreased by ¥564,683,404.92, a decline of 48.47%, primarily due to the industry cycle characteristics and increased procurement for market expansion[16] - The company's accounts receivable increased by ¥396,808,076.08, up 81.42%, attributed to the concentration of collections in the fourth quarter and an increase in large sales contracts[16] - The company's inventory increased by ¥543,962,891.84, a rise of 90.03%, driven by the need to fulfill large orders[17] - Total current assets increased to CNY 2,900,916,249.30 as of September 30, 2019, up from CNY 2,404,133,040.30 at the end of 2018, representing a growth of approximately 20.6%[40] - Total liabilities increased to CNY 1,856,183,923.98 from CNY 1,322,916,684.30, indicating a rise of approximately 40.4%[41] - The company's equity attributable to shareholders decreased to CNY 1,483,130,057.33 from CNY 1,515,040,308.16, a decline of approximately 2.1%[42] - The total liabilities as of Q3 2019 amounted to CNY 1,635,046,813.09, compared to CNY 1,107,451,619.13 in the previous year, marking a 47.5% increase[47] - The total equity of the company was CNY 1,542,084,944.82, slightly down from CNY 1,548,338,824.36 year-over-year[47] Cash Flow - The company reported a net cash flow from operating activities of -¥965,671,141.57 for the year-to-date[7] - The company's net cash flow from operating activities decreased by ¥394,043,413.68, down 68.93%, mainly due to increased cash outflows from inventory purchases[20] - The net cash flow from operating activities was negative at CNY -965,671,141.57, worsening from CNY -571,627,727.89 in the previous year[66] - The net cash flow from financing activities improved to 384,456,614.54 CNY, compared to a negative flow of -181,357,905.42 CNY in the previous year[70] - The financing activities generated a net cash flow of CNY 384,222,614.54, a turnaround from a negative cash flow of CNY -178,098,950.50 in the same period last year[66] - The total cash inflow from financing activities was 769,650,000.00 CNY, up from 405,000,000.00 CNY year-over-year, reflecting increased borrowing[70] Shareholder Information - The total number of shareholders at the end of the reporting period was 37,106[11] - The largest shareholder, Yunnan Provincial Industrial Investment Holding Group Co., Ltd., held 35.38% of the shares[11] - The company has established a three-year shareholder return plan (2019-2021) to enhance investor returns while considering growth and development[27] - The company plans to strictly adhere to legal regulations and improve corporate governance to ensure shareholder rights and interests are protected[27] Government and Regulatory Matters - The company received government subsidies amounting to ¥5,713,483.87 during the reporting period[8] - The company has received approval for the non-public issuance of shares from Yunnan Industrial Investment Holding Group[25] - The non-public issuance of shares application has been accepted by the China Securities Regulatory Commission[25] - The company has been actively disclosing significant matters and updates through various official channels[25] Research and Development - The company's development expenditures increased by ¥12,047,509.55, up 66.89%, reflecting increased R&D investment[17] - The company's R&D expenses increased to CNY 77,552,329.09, up 25.4% from CNY 61,862,463.41 year-over-year[49] - The company reported a significant increase in R&D expenses, totaling CNY 207,585,700.11, which is a rise of 18.78% from CNY 174,739,689.21 in the previous year[55] Compliance and Governance - The company has committed to avoiding any competition with its main business and will not control any competing enterprises[26] - The company will maintain its independence in procurement, production, sales, and intellectual property after the completion of the asset transfer[26] - The company has pledged to minimize and standardize related party transactions during the period of control by Yunnan Industrial Investment Holding Group[26] - The company will ensure that any unavoidable related party transactions are conducted legally and transparently[26] - There were no violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[33][34]