Financial Performance - The company's operating revenue for Q3 2022 was ¥94,904,032.68, a decrease of 30.81% year-on-year[5] - The net profit attributable to shareholders for Q3 2022 was ¥12,708,078.31, down 53.52% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥23,181,920.69, a decrease of 13.67% year-on-year[5] - Total operating revenue for the current period was $293,173,741.75, a decrease of 17.2% compared to $354,126,604.29 in the previous period[28] - Net profit for the current period was $46,930,094.21, down from $66,505,828.73, representing a decline of 29.5%[30] - Total comprehensive income for the third quarter was CNY 50,293,384.57, a decrease of 27.8% from CNY 69,668,126.96 in the previous year[32] - Basic and diluted earnings per share for the third quarter were CNY 0.0459, down from CNY 0.0646 in the same period last year, representing a decline of 29.0%[32] Assets and Liabilities - The total assets at the end of Q3 2022 were ¥4,307,093,579.66, an increase of 2.72% from the end of the previous year[8] - The equity attributable to shareholders at the end of Q3 2022 was ¥3,528,888,929.97, up 1.13% from the end of the previous year[8] - The company's total assets increased to $4,307,093,579.66 from $4,192,953,007.01, marking a growth of 2.7%[27] - The total liabilities increased to $793,176,554.81 from $764,263,288.34, reflecting a rise of 3.8%[27] Cash Flow - The company reported a significant increase in cash flow from operating activities, totaling ¥124,687,470.47, a year-on-year increase of 1,069.26%[5] - The net cash flow from operating activities increased significantly to ¥124,687,470.47, a rise of 1069.26% compared to the previous year's ¥-12,864,218.04, primarily due to reduced procurement payments to suppliers by subsidiaries[16] - Cash flow from operating activities generated a net amount of CNY 124,687,470.47, a significant improvement compared to a negative cash flow of CNY -12,864,218.04 in the previous year[34] - Cash inflow from investment activities totaled CNY 301,262,522.43, down 62.0% from CNY 792,144,386.21 in the same period last year[36] - Cash outflow from investment activities was CNY 394,015,125.53, a decrease of 59.8% compared to CNY 977,167,028.26 in the previous year[36] - The net cash flow from financing activities was CNY -14,337,489.50, an improvement from CNY -18,019,851.06 in the previous year[36] - The ending balance of cash and cash equivalents was CNY 148,524,732.88, an increase from CNY 104,446,492.69 in the previous year[36] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 59,038, with the top ten shareholders holding a combined 54.63% of the shares[17] - Lin Huirong and Chen Guoying are the largest shareholders, holding 21.90% and 21.56% of the shares, respectively, with significant pledged shares[17] Operational Insights - The company experienced a 35.44% decrease in operating costs, primarily due to reduced IoT service revenue[13] - The company received government subsidies amounting to ¥3,076,040.83 during the reporting period, contributing to other income growth[10] - The company's education service revenue increased by 8.51% year-on-year, despite an overall revenue decline due to pandemic impacts[11] - The company is actively pursuing its IoT and education integration strategy, which has shown significant results in student enrollment and education service revenue[11] Current Assets - The company's cash and cash equivalents increased to ¥150,164,064.33 from ¥132,093,678.69 at the beginning of the year[21] - The total current assets reached ¥2,538,538,665.60, up from ¥2,462,774,939.80 at the start of the year[21] - The accounts receivable increased to ¥185,956,803.36 from ¥161,355,715.60 year-on-year[21] - Inventory stood at ¥1,521,677,439.96, slightly up from ¥1,511,119,102.07 compared to the previous year[21] - The company reported a long-term equity investment of ¥312,574,138.21, an increase from ¥293,761,723.30 at the beginning of the year[21] Research and Development - Research and development expenses for the current period were $22,876,069.70, slightly down from $23,411,133.43, a decrease of 2.3%[28] Other Information - The company has not disclosed any new product developments or market expansion strategies in the current report[19] - The company did not conduct an audit for the third quarter report[37]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥198,269,709.07, a decrease of 8.61% compared to ¥216,956,929.12 in the same period last year[27]. - The net profit attributable to shareholders for the same period was ¥33,548,426.76, down 11.04% from ¥37,710,726.28 year-on-year[27]. - The basic earnings per share for the reporting period were ¥0.0333, a decrease of 10.96% from ¥0.0374 in the same period last year[27]. - The diluted earnings per share also stood at ¥0.0333, reflecting a 10.96% decline compared to the previous year[27]. - The total profit for the first half of 2022 was ¥32,599,906.18, a decrease of 23.3% compared to ¥42,536,483.30 in the first half of 2021[196]. - The company reported a net profit of ¥33,134,414.88 for the first half of 2022, compared to ¥38,011,886.51 in the first half of 2021[196]. Cash Flow and Assets - The net cash flow from operating activities improved to -¥72,302,800.04, a 44.65% increase compared to -¥130,637,390.42 in the previous year[27]. - The total assets at the end of the reporting period were ¥4,137,091,685.17, reflecting a decrease of 1.33% from ¥4,192,953,007.01 at the end of the previous year[27]. - Cash and cash equivalents decreased to 71,858,958.94, representing 1.74% of total assets, down from 132,093,678.69 (3.15%) due to increased educational investments[68]. - The net increase in cash and cash equivalents was -¥60,484,306.75, an improvement of 75.58% from -¥247,633,518.73[55]. - Accounts receivable increased to 185,274,851.58, accounting for 4.48% of total assets, up from 161,355,715.60 (3.85%) year-over-year[68]. - Inventory stood at 1,524,133,116.33, representing 36.84% of total assets, slightly up from 1,511,119,102.07 (36.04%) year-over-year[68]. Revenue Breakdown - The revenue from the IoT and related services sector decreased by 20.23% to ¥95,162,168.99, accounting for 48.00% of total revenue[59]. - The education sector's revenue increased by 4.85% to ¥95,558,984.41, representing 48.19% of total revenue[59]. - The company's operating revenue for the current period is ¥198,269,709.07, a decrease of 8.61% compared to ¥216,956,929.12 in the same period last year[55]. Research and Development - Research and development expenses increased slightly by 0.67% to ¥15,482,682.03 from ¥15,380,003.18[55]. - The company is focusing on R&D in 5G and IoT technologies, leveraging Fuzhou Institute of Technology as an innovation base to enhance its technological capabilities[88]. - The company has accumulated 74 research projects and published 47 papers through Fuzhou University of Technology, with 12 new R&D projects and a total of 485 intellectual property rights, reflecting a 54% year-on-year increase in knowledge property rights[49]. Strategic Focus and Future Outlook - The company continues to focus on 5G and IoT development strategies, with no significant changes in its main business direction[36]. - The digital economy is expected to contribute significantly to the company's future business opportunities, with a target for the core digital economy industries to account for 10% of GDP by 2025[41]. - The company is committed to integrating multiple technologies to form comprehensive solutions, addressing the increasingly complex demands of the digital economy[42]. Risk Management - The company has acknowledged potential risks in its operations and has outlined corresponding measures in the report[6]. - The company aims to mitigate business expansion risks by utilizing application scenarios provided by Fuzhou Institute of Technology and seeking partnerships with industry leaders[91]. - The company is addressing risks related to the real estate market and its impact on the IoT industry by improving comprehensive support and leveraging favorable policies[88]. Shareholder Information - The total number of shares before the change was 1,007,500,000, with a total of 4,006,125 shares subject to limited sale conditions, representing 0.40% of the total shares[151]. - The largest shareholder, Lin Huirong, holds 220,653,000 shares, representing 21.90% of the total shares[160]. - The total number of shares held by the top ten shareholders accounts for 54.63% of the company's total shares[161]. Corporate Governance - The company has not implemented any stock incentive plans or employee stock ownership plans during the reporting period[101]. - The company has not experienced any major litigation or arbitration matters during the reporting period[117]. - The company’s half-year financial report has not been audited[115].

国脉科技股份有限公司 2022 年第一季度报告 证券代码：002093 证券简称：国脉科技 公告编号：2022-021 国脉科技股份有限公司 2022 年第一季度报告 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: 董事、监事、高级管理人员是否存在对季度报告内容存在异议或无法保证其真实、准确、完整的情况 □ 是 √ 否 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.公司负责人谢丰萍、主管会计工作负责人张文斌及会计机构负责人(会计主管人员)朱巧莲声明：保证季度 报告中财务信息的真实、准确、完整。 3.第一季度报告是否经过审计 □ 是 √ 否 4.审计师发表非标意见的事项 □ 适用 √ 不适用 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 上年同期 本报告期比上年同期增减 | --- | --- | --- | --- | |-------------------------- ...

Financial Performance - The company's operating revenue for Q3 2021 was ¥137,169,675.17, representing a 25.32% increase compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2021 was ¥27,341,939.48, a decrease of 32.23% year-over-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥26,853,579.95, down 28.91% from the previous year[3]. - The basic earnings per share for Q3 2021 was ¥0.0272, a decrease of 32.00% year-over-year[3]. - The net profit for Q3 2021 was approximately ¥66.51 million, a decrease of 31.3% compared to ¥96.78 million in Q3 2020[21]. - The total comprehensive income for the period was approximately ¥69.67 million, compared to ¥96.47 million in Q3 2020, reflecting a decrease of 27.9%[21]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period was -¥12,864,218.04, showing a significant improvement of 90.74% compared to the same period last year[3]. - The company's cash and cash equivalents decreased by 67.23% to 105.25 million yuan, while trading financial assets increased by 133.38% to 628.57 million yuan[9]. - Cash and cash equivalents decreased to ¥105,246,492.69 from ¥321,153,203.84, a decline of 67.2% year-over-year[16]. - Cash and cash equivalents at the end of the period were approximately ¥104.45 million, down from ¥174.25 million at the end of Q3 2020[25]. - The company generated cash inflows from investment activities totaling approximately ¥792.14 million, a decrease from ¥1.30 billion in the previous year[24]. - The cash outflow from investment activities was approximately ¥977.17 million, compared to ¥951.48 million in Q3 2020[24]. Assets and Liabilities - Total assets at the end of Q3 2021 amounted to ¥4,181,172,802.65, reflecting a 2.94% increase from the end of the previous year[3]. - Total liabilities rose to ¥741,674,906.99 from ¥677,896,191.99, an increase of 9.4%[18]. - The equity attributable to shareholders at the end of Q3 2021 was ¥3,455,766,407.53, up 1.71% from the previous year[3]. - The company's equity attributable to shareholders increased to ¥3,455,766,407.53 from ¥3,397,620,545.80, reflecting a growth of 1.7%[18]. Operational Metrics - Total operating revenue for Q3 2021 reached ¥354,126,604.29, an increase of 13.2% compared to ¥312,854,731.60 in Q3 2020[20]. - Total operating costs for Q3 2021 were ¥289,836,170.08, up from ¥242,421,247.92 in the same period last year, reflecting a year-over-year increase of 19.6%[20]. - The total revenue from operating activities was approximately ¥410.44 million, an increase of 23.5% from ¥332.28 million in the same period last year[23]. - Accounts receivable increased to ¥195,554,739.96 from ¥177,927,195.32, representing an increase of 9.9%[16]. - Inventory rose to ¥1,465,654,341.45 from ¥1,359,817,173.51, indicating a growth of 7.8%[17]. Investments and Expenses - Management expenses rose by 41.47% to 116.11 million yuan, attributed to increased investments in educational resources[9]. - The company’s investment income decreased by 42.85% to 25.46 million yuan, reflecting reduced returns from securities investments[9]. - Research and development expenses for Q3 2021 were ¥23,411,133.43, slightly down from ¥24,270,152.57 in the previous year[20]. Other Financial Information - The company reported government subsidies recognized in the current period amounting to ¥941,077.10, contributing to other income[5]. - The company experienced a loss of -¥335,687.09 from changes in the fair value of trading financial assets and disposals[5]. - The total non-recurring gains and losses for the year-to-date period amounted to ¥488,359.53, after accounting for tax effects and minority interests[5]. - The company experienced a 106.77% decline in fair value gains, resulting in a loss of 13.22 million yuan, primarily due to price fluctuations of trading financial assets[9]. - The Q3 2021 report was not audited[27].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥216,956,929.12, representing a 6.67% increase compared to ¥203,399,916.22 in the same period last year[25]. - The net profit attributable to shareholders for the first half of 2021 was ¥37,710,726.28, a decrease of 31.68% from ¥55,199,685.58 in the previous year[25]. - The basic earnings per share for the first half of 2021 was ¥0.0374, down 31.75% from ¥0.0548 in the previous year[25]. - The total assets at the end of the reporting period were ¥4,008,496,015.13, a decrease of 1.32% from ¥4,061,929,169.52 at the end of the previous year[25]. - The net assets attributable to shareholders increased by 1.11% to ¥3,435,210,155.41 from ¥3,397,620,545.80 at the end of the previous year[25]. - The weighted average return on net assets was 1.10%, down from 1.65% in the previous year[25]. - The total comprehensive income attributable to the parent company's owners for the first half of 2021 was CNY 37,589,609.04, compared to CNY 55,394,776.33 in the same period of 2020, a decrease of 32.2%[173]. Cash Flow and Investments - The net cash flow from operating activities improved to -¥130,637,390.42, a 42.47% increase compared to -¥227,093,868.76 in the same period last year[25]. - The net increase in cash and cash equivalents was -¥247,633,518.73, a decrease of 167.73% compared to an increase of ¥365,639,271.67 in the previous year[44]. - The company reported a significant decrease in financial expenses by 71.91%, amounting to ¥1,746,448.52, down from ¥6,216,434.26 in the previous year[44]. - The company reported a fair value change loss of ¥9,822,752.86 in financial assets during the period[60]. - The total financial assets at the end of the period amounted to ¥778,297,533.85, after purchasing ¥980,640,702.31 and selling ¥820,502,697.63 during the period[60]. - The company has a structured deposit agreement with Xiamen International Bank, with a principal amount of 20,000 million CNY and an interest rate of 3.50%[117]. Revenue Breakdown - The company's revenue from the Internet of Things (IoT) and related services was ¥119,296,414.93, accounting for 54.99% of total revenue, with a slight increase of 1.21% year-on-year[46]. - The education sector revenue increased by 17.92% to ¥91,138,309.02, representing 42.01% of total revenue[46]. - The Internet of Things (IoT) and related services revenue reached approximately ¥119.30 million, representing a year-on-year increase of 48.34%[50]. - The education sector generated revenue of approximately ¥91.14 million, with a significant year-on-year growth of 92.97%[50]. - The gross profit margin for the education sector was 91.76%, reflecting an increase of 1.66% year-on-year[50]. Research and Development - Research and development expenses increased by 17.23% to ¥15,380,003.18 from ¥13,119,137.26 in the previous year[44]. - The company has launched 11 new R&D projects during the reporting period, focusing on key technologies such as 5G and IoT, to ensure its competitive edge in the market[41]. - The company plans to continue investing in R&D, focusing on key technologies related to 5G and IoT, to enhance its capabilities in information communication technology services[74]. Risks and Compliance - The company faced various risks and has outlined measures to address them in the report[5]. - The half-year financial report has not been audited[91]. - The company reported no significant litigation or arbitration matters during the reporting period[94]. - The company has no penalties or rectification situations during the reporting period[95]. - There were no related party transactions in daily operations during the reporting period[97]. Shareholder Information - The company has a total of 1,007,500,000 shares outstanding, with 99.51% being unrestricted shares[129]. - The total number of ordinary shareholders at the end of the reporting period was 63,684, with 10 shareholders holding more than 5% of the shares[132]. - The actual controllers of the company, including Chen Guoying and Lin Huirong, collectively hold 54.63% of the shares[136]. - The company did not conduct any repurchase transactions during the reporting period[141]. Corporate Social Responsibility - The company provided financial assistance of 894,000 yuan to 2,259 impoverished students in the first half of 2021[85].

Financial Performance - The company's operating revenue for Q1 2021 was ¥107,103,651.94, representing a 35.74% increase compared to ¥78,904,257.30 in the same period last year[10] - The net profit attributable to shareholders was ¥12,192,561.46, a decrease of 12.97% from ¥14,008,853.90 year-on-year[10] - The net profit after deducting non-recurring gains and losses was ¥24,096,497.49, showing a significant increase of 424.20% from ¥4,596,803.34 in the previous year[10] - The basic and diluted earnings per share were both ¥0.0121, down 12.95% from ¥0.0139 in the same period last year[10] - The weighted average return on equity was 0.36%, a decrease of 0.06% from 0.42% in the previous year[10] - The total revenue for the first quarter of 2021 was 5,344.32 million RMB, with a net profit of 715.79 million RMB, representing a significant increase compared to the previous period[30] - The company's net profit for the current period was ¥11,768,956.44, down 13.2% from ¥13,568,128.49 in the previous period[73] - The total profit for the current period was ¥11,817,417.36, a decrease of 26.5% from ¥16,129,500.16 in the previous period[73] Cash Flow and Liquidity - The net cash flow from operating activities improved to -¥67,161,788.12, a 62.56% improvement from -¥179,407,045.53 in the same period last year[10] - Cash and cash equivalents decreased by 75.27% to 79.43 million yuan due to increased purchases of trading financial assets[21] - The company's cash and cash equivalents decreased to CNY 79,432,710.09 from CNY 321,153,203.84, indicating a significant reduction in liquidity[47] - The cash inflow from sales of goods and services was 43,365,984.95, slightly down from 44,847,622.07 in the previous period, showing a minor decline in revenue generation[90] - The net cash flow from operating activities was -67,161,788.12, an improvement from -179,407,045.53 in the previous period, indicating a significant reduction in cash outflow[84] - The total cash outflow from operating activities was 142,865,127.53, a decrease from 165,050,245.49 in the previous period, indicating improved cash management[84] - The net increase in cash and cash equivalents was -241,720,493.75, compared to -222,294,576.82 in the previous period, indicating ongoing liquidity challenges[87] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,040,213,875.76, a slight decrease of 0.53% from ¥4,061,929,169.52 at the end of the previous year[10] - The total assets reported were 71,800 million RMB, with a total liability of 32,630 million RMB, indicating a healthy balance sheet[31] - The total liabilities decreased to CNY 644,332,009.81 from CNY 677,896,191.99, showing a reduction of approximately 4.9%[53] - The owner's equity increased to CNY 3,395,881,865.95 from CNY 3,384,032,977.53, indicating a growth of about 0.35%[56] - The company's total liabilities reached ¥173,581,208.51 in Q1 2021, compared to ¥148,564,882.17 in the previous period, representing an increase of about 16.8%[62] Investments and Financial Management - The company reported a total investment of 35,000 million RMB in entrusted financial management, with an outstanding balance of 21,500 million RMB[34] - The company has not reported any significant losses or impairments in its financial management activities, indicating stable performance[38] - The company’s investment in financial products is sourced entirely from its own funds, ensuring financial independence[34] - The company recorded a financial asset reclassification amounting to ¥79,931.98 in other comprehensive income, compared to ¥225,563.10 in the previous period[80] - The company received government subsidies amounting to ¥1,257,584.59 during the reporting period[10] Operational Efficiency - Total operating costs for Q1 2021 were ¥78,613,968.62, up from ¥72,719,342.58 in the previous period, indicating a rise of about 8.2%[67] - Management expenses increased by 39.39% to 33.36 million yuan, mainly due to increased educational investments[24] - The company reported a significant decrease in financial expenses by 89.04% to 0.51 million yuan due to reduced interest expenses from bank loans[24] - Research and development expenses increased to ¥7,055,516.00 in Q1 2021, compared to ¥5,966,257.75 in the previous period, reflecting a growth of approximately 18.3%[67] - The research and development expenses for the current period were ¥4,163,950.26, slightly down from ¥4,206,985.33 in the previous period[74] Shareholder Information - The top two shareholders, Lin Huirong and Chen Guoying, hold 21.90% and 21.56% of the shares, respectively, with significant portions pledged[14] - The company reported no violations regarding external guarantees during the reporting period[40] - There were no non-operating fund occupations by controlling shareholders or their related parties during the reporting period[41]

Financial Performance - The company's operating revenue for 2020 was ¥435,783,804.46, a decrease of 16.85% compared to ¥524,079,679.23 in 2019[24]. - The net profit attributable to shareholders for 2020 was ¥80,866,777.07, down 24.17% from ¥106,647,515.69 in 2019[24]. - The net cash flow from operating activities was negative at ¥173,850,457.66, a decline of 206.76% compared to ¥162,846,662.72 in 2019[24]. - The basic earnings per share for 2020 was ¥0.0803, a decrease of 24.46% from ¥0.1063 in 2019[24]. - Total assets at the end of 2020 were ¥4,061,929,169.52, down 7.13% from ¥4,373,640,033.33 at the end of 2019[24]. - The net assets attributable to shareholders at the end of 2020 were ¥3,397,620,545.80, an increase of 2.10% from ¥3,327,669,459.72 at the end of 2019[24]. - The company achieved a total revenue of CNY 435.78 million in 2020, a decrease of 16.85% year-on-year[52]. - The net profit attributable to shareholders was CNY 80.87 million, down 24.17% year-on-year, but showed growth compared to 2019 after adjustments[52]. - The comprehensive gross margin increased to 65.63%, up 10.38% year-on-year, marking a five-year high[52]. - The asset-liability ratio improved to 16.69%, down 7.48% year-on-year, indicating a more robust financial position[52]. Dividend Policy - Guomai Technologies reported a profit distribution plan to distribute cash dividends of 0.1 RMB per 10 shares to all shareholders, based on a total of 100.75 million shares[6]. - The cash dividend policy states that the company will distribute no less than 10% of the distributable profit each year, provided that the company is profitable and has positive retained earnings[126]. - The company has maintained a consistent cash dividend distribution of RMB 0.10 per 10 shares for the years 2019 and 2020, while the dividend for 2018 was RMB 0.15 per 10 shares[129]. - The cash dividend total for 2020 is 100% of the distributable profit, indicating a strong commitment to returning value to shareholders[132]. - The company has a three-year shareholder return plan that includes cash dividends, which is in compliance with relevant laws and regulations[126]. Business Operations and Strategy - The company has not reported any changes in its main business operations since its listing, indicating stability in its business model[21]. - The company’s future outlook includes a focus on technological advancements and market expansion strategies, although specific numerical targets were not disclosed[6]. - The company focuses on 5G and IoT development strategies, with main business types including IoT technology services, consulting, and education services[34]. - The company aims to focus on integrating 5G, IoT, artificial intelligence, and blockchain technologies to meet the comprehensive digitalization and internetization needs of enterprise users[42]. - The company plans to continue focusing on 5G, IoT, AI, and blockchain technology applications to support national development strategies[49]. - The company plans to continue adjusting its business structure, focusing on core strategic areas to improve profitability moving forward[57]. Research and Development - The company’s R&D expenses amounted to CNY 41,301,072.56, which is 9.48% of total revenue, showing a decrease of 4.43% compared to the previous year[73]. - The number of R&D personnel increased to 398, a rise of 7.28% year-on-year, although the proportion of R&D personnel to total staff decreased to 42.34%[72]. - The company has accumulated a total of 204 intellectual property rights as of the end of the reporting period[40]. - The company obtained 71 intellectual property rights, including 1 invention patent, 37 software copyrights, 24 utility models, and 9 design patents, representing a year-on-year increase of 103%[40]. Market and Industry Trends - The IoT industry in China surpassed 1.7 trillion yuan in 2020, with projections of 8.01 billion connections by 2025, representing a significant growth opportunity[34]. - The global IoT connections reached 12 billion in 2019, expected to grow to 24.6 billion by 2025, with China accounting for 30% of the total[111]. - The industrial internet sector in China is projected to grow from 2.13 trillion CNY in 2019 to approximately 3.1 trillion CNY in 2020, reflecting a year-on-year growth of about 47.9%[113]. - The smart health industry is expected to exceed 8 trillion CNY in market size by 2020 and reach 16 trillion CNY by 2030, driven by the integration of new technologies[113]. Risk Management - The company emphasized the importance of risk awareness regarding future plans and development strategies, indicating potential risks and countermeasures in its report[6]. - The company faces risks related to business expansion into new industries, which it plans to manage by leveraging its partnership with Fuzhou University for effective feedback mechanisms[118]. - The company has implemented a securities investment management system to mitigate risks associated with market fluctuations and ensure effective fund utilization[118]. Corporate Governance - The company’s board of directors and supervisory board have confirmed the authenticity and completeness of the annual report, taking legal responsibility for its content[5]. - The report highlights the importance of maintaining accurate financial disclosures and the role of the board in overseeing these processes[19]. - The company has established a dedicated investor relations email for communication, reflecting its commitment to transparency with stakeholders[18]. Subsidiaries and Investments - The company completed the deregistration of its wholly-owned subsidiary, which will no longer be included in the consolidated financial statements from December 22, 2020[67]. - The company established a new wholly-owned subsidiary, Fujian Weixing Investment Co., Ltd., on August 14, 2020, which is now included in the consolidated financial statements[141]. - The subsidiary Guomai Science Park reported a net loss of 21.92 million CNY, a year-on-year decrease of 3.10 million CNY, primarily due to a decline in operating revenue[110]. Environmental and Social Responsibility - The company has committed to reducing energy consumption and pollutant emissions, aligning with international environmental management standards[187]. - The company reported a total investment of 62.06 million yuan in supporting impoverished students, benefiting 1,295 students in 2020[185]. - The company aims to enhance educational poverty alleviation efforts in 2021, focusing on cooperation with universities to implement various scholarship and assistance policies[186].

Financial Performance - Net profit attributable to shareholders was CNY 40,343,023.16, representing an increase of 87.72% year-on-year[8]. - Operating income for the reporting period was CNY 109,454,815.38, down 12.49% compared to the same period last year[8]. - Basic earnings per share were CNY 0.0400, an increase of 87.79% year-on-year[8]. - The net profit after deducting non-recurring gains and losses was CNY 37,774,157.80, an increase of 187.76% year-on-year[8]. - The company reported a net loss of 6,120,692.10 thousand yuan for the period[30]. - Total operating revenue for the period was CNY 312,854,731.60, a decrease from CNY 357,500,052.22 in the previous period, representing a decline of approximately 12.5%[71]. - Net profit for the period reached CNY 96,779,940.21, compared to CNY 91,162,165.45 in the previous period, reflecting an increase of approximately 6.5%[76]. - Comprehensive income attributable to the parent company was CNY 95,232,790.20, compared to CNY 94,633,864.32 in the previous period, showing a marginal increase[80]. Cash Flow - The net cash flow from operating activities was CNY 88,179,058.42, a decrease of 41.35% compared to the previous year[8]. - The net cash flow from operating activities decreased by 193.23% to -¥138,914,810.34 from ¥148,999,081.34, mainly impacted by reduced revenue due to the COVID-19 pandemic[22]. - Cash inflow from operating activities was approximately ¥332.28 million, down from ¥535.17 million, representing a decline of 37.94% year-over-year[86]. - The net cash flow from financing activities was negative at approximately -¥343.25 million, compared to -¥459.58 million in the previous year, showing an improvement[92]. - The total cash and cash equivalents at the end of the period decreased to $62.98 million from $203.37 million, indicating liquidity challenges[98]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,091,136,077.75, a decrease of 6.46% compared to the end of the previous year[8]. - The total liabilities decreased to CNY 688,152,452.04 from CNY 1,057,063,527.26 year-over-year[50]. - The total current liabilities decreased to CNY 555,850,164.04 from CNY 614,722,399.04 year-over-year[50]. - The company’s long-term loans decreased by 76.01% to ¥98,000,000.00 from ¥408,520,000.00, primarily due to repayment of bank loans[20]. - The total amount for the structured deposits at Jiyou Bank reached 10,000 million, with an interest rate of 3.92%, resulting in an interest income of 197.61 million[33]. Shareholder Information - The total number of shareholders at the end of the reporting period was 71,563[12]. - The top ten shareholders collectively held 54.63% of the company's shares[12]. Financial Management - The company has no derivative investments during the reporting period[30]. - The company has not disclosed any major contracts in daily operations[31]. - The financial management products include structured deposits with a guaranteed floating return rate of 3.95% and 3.78%[32]. - The company has not reported any significant or low-security financial management products[32]. Research and Development - Research and development expenses for Q3 2020 amounted to CNY 11,151,015.31, compared to CNY 9,087,862.50 in the previous year, showing an increase of about 22.7%[61]. - Research and development expenses for the period totaled CNY 24,270,152.57, down from CNY 26,064,226.02, a decrease of about 6.9%[75]. Future Outlook - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming quarters[90]. - The expected cumulative net profit for the year may show significant changes compared to the same period last year[31].

Financial Performance - The company's operating revenue for the first half of 2020 was ¥203,399,916.22, a decrease of 20.30% compared to ¥255,202,647.78 in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2020 was ¥55,199,685.58, down 24.14% from ¥72,765,692.16 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was ¥35,409,212.21, a decline of 35.78% compared to ¥55,140,905.43 in the same period last year[21]. - The basic earnings per share for the first half of 2020 was ¥0.0548, down 24.10% from ¥0.0722 in the same period last year[21]. - The total revenue for the first half of 2020 was approximately CNY 877.84 million, with a net profit of CNY 9.21 million[63]. - The company achieved operating revenue of CNY 203.40 million in the first half of 2020, a year-on-year decrease of 20.30%, but a quarter-on-quarter increase of 57.78%[47]. - Net profit attributable to shareholders was CNY 55.20 million, down 24.14% year-on-year, but up 194.03% quarter-on-quarter, indicating better-than-expected performance in Q2[47]. - The total profit for the first half of 2020 was ¥63,118,285.12, a decrease of 24.8% compared to ¥83,799,753.85 in the same period of 2019[198]. Cash Flow and Assets - The net cash flow from operating activities was -¥227,093,868.76, a significant decrease from -¥1,355,041.29 in the previous year, reflecting a decline of 16,659.18%[21]. - As of the end of the reporting period, cash and cash equivalents amounted to 67,670.34 million yuan, an increase of 117.54% compared to the beginning of the year, primarily due to the maturity of cash management from raised funds[35]. - The company's cash and cash equivalents increased significantly to CNY 676,703,382.31, accounting for 16.37% of total assets, up from 3.50% in the previous year[58]. - The balance of prepayments was 2,533.95 million yuan, reflecting a 57.56% increase from the beginning of the year, mainly due to an increase in project procurement prepayments[35]. - The company's total assets at the end of the reporting period were ¥4,134,921,620.60, a decrease of 5.46% from ¥4,373,640,033.33 at the end of the previous year[21]. - The company's total current asset was ¥2,469,035,588.90, down from ¥2,711,239,980.93, a decrease of 8.9%[182]. Investments and R&D - The company reported a total investment income of approximately ¥10.12 million, with a tax impact of ¥3.60 million, resulting in a net income of ¥19.79 million for the reporting period[26]. - The company’s R&D investment was CNY 13.12 million, a decrease of 22.72% compared to the previous year, reflecting a focus on cost control amid the pandemic[47]. - The company has accumulated a total of 151 intellectual property rights, including 18 related to 5G base station configuration data analysis systems and software copyrights[37]. - The company is actively researching and developing next-generation communication technologies to maintain a competitive edge in the market[31]. - The company obtained 18 intellectual property rights related to 5G base station configuration data analysis systems and antenna parameter planning software, representing a 200% increase year-on-year[47]. Business Strategy and Market Focus - The company focuses on 5G and IoT development strategies, optimizing its business structure by divesting low-margin businesses and concentrating resources on core areas[31]. - The company anticipates that the 5G era will create a trillion-level industry scale, with mobile IoT connections expected to reach 1.2 billion by the end of 2020[31]. - The company aims to leverage 5G and IoT technologies to innovate and expand its business scope, enhancing application scenarios and market opportunities[34]. - The company is committed to integrating education with industry, establishing Fuzhou University of Technology as a base for innovation and talent development in IoT and related fields[34]. - The company has been recognized as one of the first batch of enterprises in Fujian Province to promote industry-education integration, enhancing its strategic development[34]. Education Sector Performance - The company’s education revenue grew by 23.61%, with the number of students at Fuzhou University of Technology reaching 8,673 and the total number of undergraduate programs increasing to 28[47]. - The gross profit margin for the education sector was 90.51%, while the IoT technology service sector had a gross profit margin of 7.52%[52]. - The subsidiary Fuzhou University of Technology experienced a 24.59% increase in education revenue, resulting in a net profit increase of RMB 9.45 million year-on-year[89]. Financial Management and Liabilities - The balance of long-term borrowings decreased by 77.87% to 9,042.50 million yuan, mainly due to the repayment of bank loans[36]. - The company has no financial liabilities reported as of the end of the reporting period[63]. - The total liabilities decreased to ¥763,011,975.41 from ¥1,057,063,527.26, a reduction of 27.8%[184]. - The company’s short-term borrowings increased to CNY 200,000,000.00, representing 4.84% of total liabilities[60]. - The company has completed the repayment of a loan of CNY 10.08 million, which was secured against certain properties[63]. Corporate Governance and Compliance - The company has not engaged in any major litigation or arbitration matters during the reporting period, indicating a stable legal standing[100]. - The company has complied with regulations regarding the disclosure of fundraising usage and management, with no violations reported[78]. - The company did not conduct an audit for the half-year financial report[178]. - The company has not implemented any employee stock ownership plans or other incentive measures during the reporting period, focusing on operational stability[103]. Shareholder Information - The total number of shares increased to 1,007,500,000, with 98.25% being unrestricted shares[151]. - The largest shareholder, Lin Huirong, holds 21.90% of the shares, totaling 220,653,000 shares, with 79,000,000 shares pledged[154]. - The second-largest shareholder, Chen Guoying, owns 21.56% of the shares, amounting to 217,234,000 shares, with 77,000,000 shares pledged[154]. - The actual controllers of the company, including Chen Guoying and Lin Huirong, collectively hold 54.63% of the shares[158]. - The company reported a significant reduction in restricted shares due to the expiration of lock-up periods for certain executives[153].

Financial Performance - The company's operating revenue for Q1 2020 was ¥78,904,257.30, a decrease of 40.19% compared to ¥131,913,939.83 in the same period last year[10]. - The net profit attributable to shareholders was ¥14,008,853.90, down 60.86% from ¥35,787,789.39 year-on-year[10]. - The net profit after deducting non-recurring gains and losses was ¥4,596,803.34, representing an 82.23% decline from ¥25,873,749.70 in the previous year[10]. - Basic earnings per share decreased by 60.85% to ¥0.0139 from ¥0.0355 year-on-year[10]. - The company reported a 59.70% decrease in other income to 1.07 million, mainly due to reduced government subsidies received[26]. - The company experienced a 60.18% reduction in income tax expenses to 2.56 million, resulting from a decrease in total profit[26]. - The company reported a decrease in sales expenses to 459,262.97, down 41.0% from 777,755.63 in the previous period[78]. - Total operating revenue for the current period is ¥78,904,257.30, a decrease of 40.1% compared to ¥131,913,939.83 in the previous period[67]. - Net profit for the current period is ¥13,568,128.49, a decline of 60.9% from ¥34,664,640.65 in the previous period[74]. - Total comprehensive income for the current period is 16,249,268.81, down 57.5% from 38,214,067.47 in the previous period[81]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥179,407,045.53, a significant drop of 4,895.59% compared to -¥3,591,305.64 in the same period last year[10]. - The company's cash and cash equivalents decreased by 71.46% to 88.77 million from 311.06 million at the end of the previous year, primarily due to investments in financial products and payments for procurement[23]. - Cash flow from operating activities resulted in a net outflow of -179,407,045.53, compared to a smaller outflow of -3,591,305.64 in the previous period[82]. - Cash and cash equivalents at the end of the period decreased to 87,969,533.82 from 420,952,759.00 in the previous period, indicating a significant reduction in liquidity[88]. - The company reported a total cash inflow from operating activities of 70,169,968.73 CNY, down 58.4% from 168,655,781.67 CNY in the prior period[89]. - Cash outflow from operating activities totaled 170,391,335.56 CNY, slightly decreased from 177,271,344.92 CNY in the previous period[89]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,193,440,475.42, down 4.12% from ¥4,373,640,033.33 at the end of the previous year[10]. - The company's current assets totaled CNY 2,538,025,578.53 as of March 31, 2020, down from CNY 2,711,239,980.93 at the end of 2019, representing a decrease of about 6.4%[49]. - Total liabilities decreased from CNY 1,057,063,527.26 to CNY 863,070,277.76, a reduction of about 18.4%[55]. - The company's equity attributable to shareholders increased from CNY 3,327,669,459.72 to CNY 3,341,903,876.72, reflecting a growth of approximately 0.4%[58]. - Total liabilities amounted to ¥1,057,063,527.26, with non-current liabilities at ¥442,341,128.22[102]. - Total equity attributable to shareholders reached ¥3,327,669,459.72, while total equity was ¥3,316,576,506.07[102]. Investments and Financial Management - The company actively participates in the 5G investment and construction by operators to enhance the scale of its 5G business[21]. - The total amount of entrusted financial management reached 106,000,000 RMB, with an outstanding balance of 101,500,000 RMB[32]. - The company has invested 50,000,000 RMB from idle raised funds and 56,000,000 RMB from idle self-owned funds in bank wealth management products[32]. - The company has confirmed that all entrusted financial management products are structured deposits with guaranteed principal[39]. - The company has not engaged in derivative investments during the reporting period[40]. - The company reported investment income of ¥8,794,907.89, compared to ¥7,936,525.00 in the previous period, an increase of 10.8%[70]. Operational Efficiency - The company's operating costs decreased by 42.15% to 31.99 million, attributed to the decline in operating revenue[26]. - The company's contract liabilities increased to 113.60 million, reflecting a reclassification of advance receipts due to changes in accounting policies[23]. - Research and development expenses for the current period are ¥5,966,257.75, down from ¥8,393,903.88, a decrease of 29.0%[70]. - The company’s long-term investments increased slightly from CNY 287,968,182.55 to CNY 291,646,990.00, an increase of approximately 1.3%[52]. - The company has not yet audited its first-quarter report for 2020, indicating a potential area for future review[113].