Financial Performance - The net profit for the year 2021 was -61,761,252.29 RMB, with total operating revenue of 89,463,376.82 RMB[5]. - The company's operating revenue for 2021 was ¥89,463,376.82, a decrease of 50.94% compared to ¥182,349,931.14 in 2020[19]. - The net profit attributable to shareholders for 2021 was -¥61,761,252.29, representing a decline of 186.07% from ¥71,756,896.38 in 2020[19]. - The net cash flow from operating activities decreased by 85.02% to ¥8,784,044.16 in 2021, down from ¥58,629,917.61 in 2020[19]. - The company's total profit was -¥50,048,406.58, representing a decline of 162.32% year-on-year[39]. - The company reported a negative net profit for the last three accounting years, indicating ongoing financial challenges[20]. - The company reported a significant loss in securities investments, impacting overall profitability across several subsidiaries[81]. - The overall financial performance indicates challenges, with several subsidiaries reporting negative net profits[78]. Risk Factors - The company is at risk of being delisted as its net profit is negative and operating revenue is below 100 million RMB, triggering a warning for its stock trading[5]. - The company emphasizes the importance of risk awareness among investors regarding its future plans and forecasts[5]. - The company has detailed potential risks and countermeasures in its annual report, which investors should pay attention to[5]. - The company faces intensified competition in the financial technology sector due to the rapid digital transformation of financial institutions[84]. - The company’s stock was subject to delisting risk warnings due to 2021 audited revenue being below RMB 100 million and a negative net profit attributable to shareholders[86]. Corporate Governance - The company strictly adheres to the requirements of the Company Law and relevant regulations, ensuring no discrepancies in governance practices[96]. - The board of directors consists of 5 members, including 2 independent directors, complying with legal and regulatory requirements[93]. - The company maintains complete independence from its controlling shareholder in terms of business, personnel, assets, and finance, ensuring no interference in decision-making[97]. - The company has established a reasonable performance evaluation and incentive system linking management and employee compensation to business performance[93]. - The company has a dedicated internal audit department that conducts audits and supervises financial operations, ensuring compliance with internal controls[95]. - The company has independent financial management and accounting systems, with no shared bank accounts with the controlling shareholder[99]. - The company actively engages in investor relations, ensuring transparent and timely information disclosure to all shareholders[95]. - The company has completed the election of the supervisory board, which consists of 3 members, ensuring compliance with governance standards[93]. Operational Strategy - The company is actively seeking transformation and adjusting its product structure in response to the declining traditional financial equipment market[31]. - The company has identified digitalization and intelligence as key development directions in the financial market[31]. - The company is focusing on enhancing financial services efficiency and inclusivity through financial technology strategies[32]. - The company aims to enhance its core competitiveness through diversified development and innovation, focusing on financial technology and industrial park operations[82]. - The company plans to explore transformation opportunities by leveraging big data, AI, blockchain, and IoT technologies to improve profitability and sustainable development[82]. - The company will expand its operational management of technology parks, with new revenue streams expected from the Yuyin Industrial Park in 2022[83]. Subsidiary Performance - The total revenue from the main subsidiaries significantly impacted the net profit, with some subsidiaries reporting losses[78]. - The subsidiary Guangzhou Yuyin Automatic Teller Machine Technology Co., Ltd. had a total asset value of 117,541,114.14 RMB and a net profit of -3,143,104.34 RMB[78]. - The subsidiary Guangzhou Yuxin Software Co., Ltd. generated a net profit of 1,297,304.29 RMB from total assets of 105,404,926.86 RMB[78]. - Guangzhou Yuyin Intelligent Technology Co., Ltd. experienced a 71.87% decline in revenue, with operating profit and net profit decreasing by 302.13% and 192.78% respectively, attributed to reduced maintenance income[81]. - Guangzhou Yuyin Software Co., Ltd. saw a significant drop in revenue, operating profit, and net profit by 96.09%, 107.24%, and 106.60% respectively, due to decreased software sales and investment losses[81]. Employee and Management Information - The total number of employees at the end of the reporting period is 199, with 70 from the parent company and 129 from major subsidiaries[120]. - The company has a total of 199 employees receiving salaries, with 56 in technical roles and 20 in finance[120]. - The management team includes individuals with extensive experience in finance and technology sectors, enhancing the company's strategic direction[108]. - The company has a diverse management team with various roles across multiple subsidiaries and affiliated companies[108]. Financial Reporting and Audit - The audit opinion for the financial statements was a standard unqualified opinion, indicating that the financial statements fairly reflect the company's financial position and results of operations for the year ended December 31, 2021[197]. - The audit was conducted by Lixin Certified Public Accountants, with the audit report signed on April 27, 2022[195]. - The company reported zero significant defects in financial and non-financial reporting for the year 2021[132]. - The internal control self-evaluation report was disclosed on April 29, 2022, covering 100% of the company's consolidated financial statement assets[131]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 165,103, compared to 127,230 at the end of the previous month[184]. - Major shareholder Yang Wenjiang holds 122,641,574 shares, accounting for 16.11% of the total share capital[185]. - The company reported a total distributable profit of approximately ¥611.05 million, with cash dividends accounting for 100% of the profit distribution[127]. - The cash dividend policy was executed with a distribution of ¥0.10 per 10 shares, totaling approximately ¥7.61 million distributed to shareholders[126].

Financial Performance - The company's revenue for Q1 2022 was ¥18,059,759.23, a decrease of 13.29% compared to ¥20,827,512.70 in the same period last year[3] - The net profit attributable to shareholders was -¥28,238,504.69, an improvement of 18.21% from -¥34,524,571.62 year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥4,428,695.72, a significant increase of 180.27% compared to -¥5,517,224.73 in the previous year[3] - Total operating revenue for Q1 2022 was CNY 18,059,759.23, a decrease of 13.3% from CNY 20,827,512.70 in the same period last year[20] - Net loss for Q1 2022 was CNY 28,238,504.69, compared to a net loss of CNY 34,524,571.62 in Q1 2021, representing an improvement of 18.3%[21] - The total comprehensive loss for Q1 2022 was CNY 28,253,073.01, an improvement from CNY 34,516,453.59 in Q1 2021[21] Cash Flow - The net cash flow from operating activities was ¥6,529,089.58, a substantial increase of 255.15% from -¥4,208,367.54 in the same period last year[3] - Cash received from operating activities totaled ¥19,491,009.49, down from ¥25,859,172.51 in Q1 2021, indicating a decline in operational cash generation[22] - The net cash flow from investment activities was ¥28,354,395.78, a turnaround from a net outflow of ¥142,740,614.78 in the previous year[22] - The net cash flow from financing activities was -¥71,152,947.13, compared to an inflow of ¥120,157,404.15 in the same quarter last year, indicating a shift in financing strategy[22] - The total cash and cash equivalents at the end of Q1 2022 stood at ¥123,716,405.63, an increase from ¥92,889,953.20 at the end of Q1 2021[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,674,502,934.16, a decrease of 4.83% from ¥1,759,499,465.97 at the end of the previous year[3] - The total current assets decreased from 518,117,633.81 CNY to 449,822,723.61 CNY, a reduction of approximately 13.2%[17] - The total liabilities decreased to CNY 67,043,117.42 from CNY 123,786,576.22 year-on-year, indicating a significant reduction in financial obligations[21] - The total liabilities include accounts payable of 40,827,035.13 CNY, which increased from 23,600,890.90 CNY, indicating a rise of approximately 72.8%[17] Shareholder Information - The total number of common shareholders at the end of the reporting period is 165,103[11] - The largest shareholder, Yang Wenjiang, holds 16.11% of the shares, totaling 122,641,574 shares, with 15,190,000 shares pledged[11] - The total equity attributable to shareholders of the parent company was CNY 1,607,459,816.74, slightly down from CNY 1,635,712,889.75 in the previous year[21] Research and Development - Research and development expenses decreased by 73.64% year-on-year, as the company controlled its R&D spending according to plan[8] - Research and development expenses for Q1 2022 were CNY 1,025,637.13, a decrease of 73.7% from CNY 3,890,263.69 in the same period last year[21] Other Income and Expenses - Other income increased by 258.94% year-on-year, mainly due to an increase in government subsidies[8] - Other income increased to CNY 376,344.35 from CNY 104,848.17 year-on-year, showing a positive trend in additional revenue sources[21] - The company reported an investment loss of CNY 22,782,582.28 in Q1 2022, compared to a gain of CNY 10,681,185.47 in the same period last year[21] Delisting Risk - The company has implemented a delisting risk warning due to negative net profit and low revenue, with its stock trading under the name "*ST Yuyin"[14] - The company's revenue for the year 2021 was 89,463,376.82 CNY, with a net profit of -61,761,252.29 CNY, triggering a delisting risk warning[14]

Financial Performance - Revenue for Q3 2021 was CNY 17,665,676.47, a decrease of 27.20% year-over-year, and a decline of 56.03% year-to-date[3] - Net profit attributable to shareholders was a loss of CNY 49,964,600.18, representing a decrease of 219.12% year-over-year, and a loss of CNY 73,299,775.18 year-to-date, down 208.01%[3] - Basic and diluted earnings per share were both CNY -0.0656, reflecting a decrease of 219.06% year-over-year[3] - Total operating revenue for Q3 2021 was CNY 59,282,442.38, a decrease of 56.0% compared to CNY 134,824,071.82 in the same period last year[23] - Net profit for Q3 2021 was a loss of CNY 73,299,775.18, compared to a profit of CNY 67,863,264.54 in Q3 2020[24] - The total comprehensive income attributable to the parent company was -73,319,451.10 CNY, a decline from 67,822,041.98 CNY in the same period last year[25] - Basic and diluted earnings per share were both -0.0963 CNY, compared to 0.0892 CNY in the previous year[25] Assets and Liabilities - Total assets increased to CNY 1,900,304,172.37, up 6.75% from the end of the previous year[3] - The company's total assets increased to CNY 1,900,304,172.37, up from CNY 1,780,200,827.44 at the end of the previous period[21] - Total liabilities rose to CNY 276,095,375.89, compared to CNY 75,060,666.92 in the previous period[21] - Non-current assets totaled CNY 1,216,320,641.17, an increase from CNY 1,136,352,824.29[21] - The total current assets increased to ¥683,983,531.20 from ¥643,848,003.15, showing a growth of about 6.2%[19] - The total non-current assets remained stable at ¥386,885,702.47[19] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 22,071,725.35, a decline of 245.44% year-over-year[3] - The net cash flow from operating activities was -22,071,725.35 CNY, a decrease from 15,175,968.89 CNY in the previous period[27] - Total cash inflow from investment activities was 2,104,774,671.64 CNY, compared to 9,209,395,193.28 CNY in the prior period[27] - The net cash flow from investment activities was -252,881,152.31 CNY, worsening from -84,826,817.65 CNY year-over-year[27] - Cash inflow from financing activities amounted to 716,510,634.61 CNY, significantly higher than 43,839,037.32 CNY in the previous period[27] - The net cash flow from financing activities was 208,451,962.58 CNY, improving from -513,955.31 CNY in the prior year[27] - The total cash outflow from operating activities was 99,090,340.06 CNY, compared to 117,637,268.58 CNY in the prior year[27] Shareholder Information - The total number of common shareholders at the end of the reporting period is 126,003[13] - Yang Wenjiang holds 130,032,349 shares, accounting for 17.08% of the total share capital, with 15,190,000 shares pledged[16] - The company has not executed any share reduction plans as of September 15, 2021[16] Research and Development - Research and development expenses decreased by 36.93% year-over-year as the company controlled spending according to its plan[9] - Research and development expenses for Q3 2021 were CNY 10,093,023.46, down 37.0% from CNY 16,002,176.72 in the same period last year[24] Other Information - The company reported a 56.03% decline in operating income primarily due to reduced ATM sales and technical service revenues[9] - The company experienced a 77.10% decrease in cash received from investment recoveries, attributed to reduced sales of stocks and financial assets[11] - The company’s cash outflow for fixed asset construction increased by 71.78% year-over-year due to investments in the Yuyin Financial Electronic High-tech Park project[11] - The company has terminated the transfer of equity in Huadu Chouzhou Bank due to prolonged negotiations[15] - The company has completed the deregistration of its subsidiary Anhui Yuyin to optimize management efficiency[17] - The accounts receivable decreased to ¥19,751,582.86 from ¥27,487,152.78, reflecting a decline of about 28.2%[19] - The company's cash and cash equivalents decreased to ¥53,213,543.06 from ¥119,734,134.06 at the end of 2020, representing a decline of approximately 55.6%[19] - The company's trading financial assets rose to ¥576,330,249.21 from ¥463,191,455.04, indicating an increase of approximately 24.4%[19] - The company did not undergo an audit for the third quarter report[29]

广州御银科技股份有限公司 2021 年半年度报告全文 证券代码：002177 证券简称：御银股份 广州御银科技股份有限公司 2021 年半年度报告 2021 年 08 月 1 广州御银科技股份有限公司 2021 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。 公司负责人谭骅、主管会计工作负责人陈国军及会计机构负责人(会计主管 人员)陈国军声明：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。 本报告涉及未来计划等前瞻性陈述，只是公司生产经营计划的预测，不构 成公司对投资者的实质性承诺，投资者及相关人士均应当对此保持足够的风险 意识，并且应当理解计划、预测与承诺之间的差异。 公司已在本报告中详细描述存在的行业风险、市场风险等，敬请投资者予 以关注，详见本报告"第三节管理层讨论与分析"中有关公司面临风险的描述。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | 第一节 重要提示、目录和释义 2 | | -- ...

Financial Performance - The company's operating revenue for 2020 was ¥182,349,931.14, a decrease of 14.81% compared to ¥213,971,979.32 in 2019[18]. - The net profit attributable to shareholders for 2020 was ¥71,756,896.38, representing a 9.30% increase from ¥67,277,711.54 in 2019[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥21,744,050.71, a significant increase of 182.74% compared to -¥24,653,800.90 in 2019[18]. - The net cash flow from operating activities for 2020 was ¥58,629,917.61, down 42.74% from ¥95,918,976.65 in 2019[18]. - The total assets at the end of 2020 were ¥1,780,200,827, reflecting a slight increase of 0.18% from ¥1,758,222,938 in 2019[19]. - The net assets attributable to shareholders at the end of 2020 were ¥1,705,140,160, an increase of 4.32% from ¥1,637,254,324 in 2019[19]. - The company reported a basic earnings per share of ¥0.0943 for 2020, up 9.40% from ¥0.0884 in 2019[18]. - The total profit amounted to ¥80,313,890.60, reflecting a growth of 14.10% year-over-year[34]. - The company achieved a net profit of CNY 213.31 million for the year 2020, with a distributable profit of CNY 641.40 million[100]. Dividends and Shareholder Information - The company reported a cash dividend of 0.10 RMB per 10 shares based on a total share capital of 761,191,294 shares as of December 31, 2020[5]. - A cash dividend of CNY 0.10 per share (including tax) is proposed, totaling CNY 7.61 million, based on a total share capital of 761,191,294 shares[103]. - The company did not distribute any dividends in 2019 and 2018, with retained earnings carried forward to subsequent years[101]. - The company has a policy of distributing at least 80% of profits as cash dividends during its mature development stage[103]. - The company reported a 10.61% cash dividend payout ratio relative to its net profit for 2020[102]. - The total number of ordinary shareholders at the end of the reporting period was 107,069, down from 113,215 at the end of the previous month[146]. - Shareholder Yang Wenjiang holds 19.07% of the shares, totaling 14,519,825 shares, with a decrease of 75,524 shares during the reporting period[146]. Business Operations and Strategy - The company has not changed its main business since its listing, and there have been no changes in controlling shareholders[17]. - The company emphasizes the importance of risk awareness regarding industry and market risks as detailed in the report[5]. - The company has a strategic focus on market expansion and enhancing its technological capabilities[5]. - The company is actively involved in the development of new technologies and products, although specific figures are not provided in the report[5]. - The company is engaged in leasing idle properties from its technology park and subsidiaries, generating additional rental income[28]. - The company is actively expanding its overseas market presence and has received positive feedback for its foreign currency recognition algorithms[36]. - The company adjusted its business and management model in response to market changes and national policy trends[40]. - The company is exploring potential mergers and acquisitions to enhance its technology capabilities and market reach[76]. Research and Development - The company invested CNY 19,273,372 in R&D in 2020, a decrease of 36.76% compared to CNY 30,476,536 in 2019, representing 10.57% of operating revenue[57]. - The number of R&D personnel decreased by 3.15% from 127 in 2019 to 123 in 2020, while the proportion of R&D personnel increased from 36.92% to 44.60%[57]. - The company has established a digital currency research center to explore applications of digital currency in smart devices[32]. - The company is focusing on the development of artificial intelligence technologies to enhance financial services, including applications in identity verification and risk prevention[83]. - The company plans to strengthen research and development investments in new technologies within the financial technology sector, aiming to improve the level of financial technology[84]. Financial Assets and Investments - The company’s trading financial assets increased by ¥47,527,300, primarily due to stock and fund purchases[29]. - The company’s construction in progress rose by ¥78,058,100, attributed to investments in the Yuyin Financial Electronic High-tech Park project[29]. - The company’s total investment in securities was CNY 749.34 million, with a fair value change of CNY 34.71 million[69]. - The company’s financial instruments included various equity investments with a total fair value of CNY 34,712.69 million[69]. - The company has ongoing significant non-equity investments, with a total investment of CNY 78,058,000 and cumulative actual investment of CNY 114,466,000 in specialized equipment manufacturing[66]. Corporate Governance and Compliance - The company has maintained a consistent relationship with its accounting firm, which has provided audit services for 15 years[113]. - The audit department will conduct quarterly audits of the company's securities investment activities to ensure compliance and risk management[96]. - The company has not reported any changes in shareholding among its directors and senior management during the reporting period[158]. - The company emphasizes transparent information disclosure, utilizing multiple channels to communicate with investors[177]. - The company has established a complete and independent organizational structure, separating its operations from the controlling shareholder and other related parties[180]. Market Risks and Challenges - The company faces industry risks due to the decline of cash transactions and increased competition in the market, but it has a strong technological foundation in blockchain and AI to adapt[93]. - The company is adjusting its product structure and industry strategy to address market risks stemming from the standardization of hardware products and the evolving needs of banking clients[93]. - The company emphasizes the importance of market analysis and information gathering before making investment decisions to prevent operational risks[95]. Employee and Management Information - The total number of employees in the company is 276, with 121 in the parent company and 155 in major subsidiaries[167]. - The company has a comprehensive training plan to develop employees at all levels[169]. - The total remuneration for directors and senior management during the reporting period is 242.74万元, with the highest being 48.02万元 for the chairman and general manager[166]. - The management team is committed to enhancing corporate governance and operational efficiency through their diverse expertise[162]. Audit and Financial Reporting - The audit opinion issued was a standard unqualified opinion, confirming that the financial statements fairly reflect the company's financial position and operating results for the year 2020[198]. - The company reported zero significant defects in financial and non-financial reporting, indicating strong internal control measures[193]. - The company's financial reporting adheres to the Chinese accounting standards, ensuring transparency and accuracy in financial disclosures[198].

Financial Performance - The company's operating revenue for Q1 2021 was ¥20,827,512.70, a decrease of 56.86% compared to ¥48,280,093.39 in the same period last year[7] - The net profit attributable to shareholders was -¥34,524,571.62, an improvement of 26.16% from -¥46,758,631.34 year-on-year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥5,517,224.73, a decline of 130.81% compared to ¥17,908,687.13 in the previous year[7] - The operating profit (loss) for the first quarter was -CNY 31,710,819.82, an improvement from -CNY 49,708,783.06 in the previous period[42] - The total comprehensive income for the first quarter was -CNY 34,516,453.59, compared to -CNY 46,748,521.23 in the previous period, showing an improvement[43] - The basic and diluted earnings per share for the first quarter were both -CNY 0.0454, an improvement from -CNY 0.0614 in the previous period[44] Cash Flow - The net cash flow from operating activities was -¥4,208,367.54, showing a 45.34% improvement from -¥7,699,673.22 in the same period last year[7] - Cash received from operating activities decreased by 41.28% year-on-year, reflecting the decline in operating revenue[15] - Cash received from operating activities was CNY 21,526,232.30, compared to CNY 36,659,112.33 in the previous period, indicating a decrease in cash inflow[49] - Total cash inflow from investment activities was 359,626,187.52 CNY, while cash outflow was 502,366,802.30 CNY, resulting in a net cash flow of -142,740,614.78 CNY[50] - Cash inflow from financing activities amounted to 120,157,404.15 CNY, with no cash outflow reported, leading to a net cash flow of 120,157,404.15 CNY[51] - The total cash and cash equivalents at the end of the period were 92,889,953.20 CNY, down from 119,679,333.06 CNY at the beginning of the period[51] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,855,493,989.18, an increase of 4.23% from ¥1,780,200,827.44 at the end of the previous year[7] - The net assets attributable to shareholders decreased by 2.02% to ¥1,670,623,706.93 from ¥1,705,140,160.52 at the end of the previous year[7] - Current liabilities amounted to CNY 111,091,755.49, significantly higher than CNY 73,170,420.71 in the previous period[33] - Total liabilities increased to CNY 184,870,282.25 from CNY 75,060,666.92 year-over-year[33] - Owner's equity totaled CNY 1,670,623,706.93, a decrease from CNY 1,705,140,160.52 in the previous period[35] Shareholder Information - The company had a total of 113,215 common shareholders at the end of the reporting period[11] - The largest shareholder, Yang Wenjiang, held 18.08% of the shares, amounting to 137,615,705 shares, with 15,190,000 shares pledged[11] Non-Recurring Items - The company reported non-recurring losses totaling -¥29,007,346.89 during the reporting period[8] - The company's financial expenses increased by 369.40% year-on-year, primarily due to increased interest expenses on borrowings[15] - The tax expenses for the first quarter were CNY 2,756,794.53, compared to a tax benefit of -CNY 3,098,789.07 in the previous period[42] Investment and R&D - Cash paid for the purchase of fixed assets, intangible assets, and other long-term assets increased by 136.78% year-on-year, mainly due to investments in the Yuyin Financial Electronic High-tech Park project[15] - The company's research and development expenses decreased by 30.29% year-on-year, as the company controlled R&D spending according to plan[15] - The company reported an investment income of CNY 10,681,185.47 for the first quarter, a significant recovery from a loss of -CNY 60,576,078.98 in the previous period[42] Other Financial Metrics - The weighted average return on net assets was -2.05%, an improvement of 0.95% from -3.00% in the previous year[7] - The company's deferred income tax liabilities increased by 212.11% compared to the beginning of the period, mainly due to changes in the fair value of trading financial assets[15] - The total trading financial assets increased to ¥543,142,975.17 as of March 31, 2021, compared to ¥463,191,455.04 at the end of 2020, reflecting a growth of approximately 17.3%[31]

Financial Performance - Operating revenue for the reporting period was ¥24,267,281.74, a decrease of 46.10% year-on-year[8]. - Net profit attributable to shareholders of the listed company surged by 2,095.62% to ¥41,945,830.06[8]. - Net profit attributable to shareholders after deducting non-recurring gains and losses was -¥12,523,720.07, a decrease of 841.11%[8]. - Basic earnings per share increased by 2,104.00% to ¥0.0551[8]. - The weighted average return on net assets was 2.49%, an increase of 0.31% compared to the previous year[8]. - Total operating revenue for Q3 2020 was CNY 24,267,281.74, a decrease of 46.0% compared to CNY 45,026,817.26 in the same period last year[38]. - Net profit for Q3 2020 reached CNY 41,945,830.06, a significant increase compared to CNY 1,910,429.26 in Q3 2019[38]. - The consolidated net profit is CNY 67,863,265, an increase of 12.4% from CNY 60,491,263 in the previous period[43]. - Net profit for the current period was ¥213,224,072.69, up from ¥30,513,519.36 in the previous period, reflecting a growth of 598.5%[48]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,783,597,572.25, an increase of 1.44% compared to the end of the previous year[8]. - Total liabilities decreased to CNY 78,521,205.46 from CNY 120,968,614.03, a reduction of approximately 35%[34]. - The company's equity increased to CNY 1,705,076,366.79 from CNY 1,637,254,324.81, representing a growth of about 4.1%[34]. - Cash and cash equivalents decreased significantly from CNY 159,979,086.83 to CNY 89,306,761.26, a decline of approximately 44%[33]. - Long-term receivables decreased significantly from CNY 8,488,956.41 to CNY 2,801,965.60, a drop of about 67%[33]. - Total assets increased to CNY 1,783,597,572.25 as of September 30, 2020, compared to CNY 1,758,222,938.84 at the end of 2019, reflecting a growth of approximately 1.4%[33]. - The total fair value of the company's investments in various funds reached 102,077,863 yuan[23]. Cash Flow - The net cash flow from operating activities was -¥4,149,084.89, a decrease of 112.52%[8]. - Cash and cash equivalents decreased by 44.18% compared to the beginning of the period, primarily due to the company's purchase of financial products[16]. - Cash flow from operating activities generated a net amount of ¥15,175,968.89, a decrease from ¥17,206,493.33 in the previous period[49]. - Cash inflow from investment activities totaled ¥9,209,395,193.28, compared to ¥3,933,194,107.21 in the previous period, showing a substantial increase[50]. - The net cash flow from investment activities was negative at -¥84,826,817.65, down from a positive ¥221,345,852.11 in the previous period[50]. Shareholder Information - The company had a total of 104,824 shareholders at the end of the reporting period[12]. - The largest shareholder, Yang Wenjiang, held 19.07% of the shares, totaling 145,192,825 shares[12]. Research and Development - Research and development expenses decreased by 35.29% year-on-year, primarily due to a reduction in R&D spending[16]. - Research and development expenses for Q3 2020 were CNY 4,037,379.02, down 43.2% from CNY 7,080,263.80 in the previous year[38]. - Research and development expenses decreased to ¥9,756,022.53 from ¥15,914,641.02, indicating a strategic shift in resource allocation[47]. Investment Activities - Cash paid for investments increased by 151.84% year-on-year, mainly due to an increase in purchased financial products and stocks[16]. - The company reported a fair value of 11,820,331.7 yuan for its investment in the S&P 500 index fund[23]. - The company has a total of 44,200,000 yuan in entrusted financial management, sourced from its own funds[27]. Other Financial Metrics - Other income decreased by 84.23% year-on-year, primarily due to a reduction in government subsidies received during the reporting period[16]. - The company reported a significant increase in investment income, reaching CNY 55,671,301, compared to CNY 41,870,863 in the previous period[40]. - The company experienced a decrease in total operating costs to CNY 120,673,540, down 24.3% from CNY 159,349,959 in the previous period[43].

Financial Performance - The company's operating revenue for the reporting period was ¥110,556,790.08, representing a 19.70% increase compared to ¥92,364,165.16 in the same period last year[17]. - The net profit attributable to shareholders of the listed company decreased by 55.76% to ¥25,917,434.47 from ¥58,580,833.84 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was ¥31,753,427.06, a significant increase of 273.42% compared to a loss of ¥18,309,984.26 in the same period last year[17]. - The net cash flow from operating activities improved by 221.36%, reaching ¥19,325,053.78, compared to a negative cash flow of ¥15,923,971.04 in the previous year[17]. - The total profit amounted to CNY 29,023,497.00, a decrease of 58% compared to the previous year[31]. - The company achieved total operating revenue of CNY 110,556,790.08, representing a year-on-year increase of 19.70%[31]. - Operating costs decreased by 18.47% to ¥45,541,560.92 from ¥55,857,715.56, primarily due to reduced cooperation and maintenance service costs[33]. - Research and development expenses fell by 32.21% to ¥11,964,797.70 from ¥17,649,293.42, mainly due to a decrease in R&D personnel expenses[33]. - The company reported a significant reduction in current liabilities, totaling CNY 76,226,858.81 compared to CNY 105,396,733.16, a decrease of approximately 28%[124]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,755,006,914.59, a slight decrease of 0.18% from ¥1,758,222,938.84 at the end of the previous year[17]. - The net assets attributable to shareholders of the listed company increased by 1.58% to ¥1,663,189,882.12 from ¥1,637,254,324.81 at the end of the previous year[17]. - The company's total assets included cash and cash equivalents of ¥208,005,721.63, which accounted for 11.85% of total assets, a significant increase from 2.35% in the previous year[41]. - The company's accounts payable decreased by 0.87%, totaling ¥24,104,461.67, attributed to a reduction in payments to suppliers[43]. - The total amount of other non-current assets decreased by 0.32%, amounting to ¥1,958,990.21, primarily due to a reduction in prepaid site rental[43]. - The total amount of financial liabilities remained at ¥0.00, indicating no significant changes in financial obligations during the reporting period[45]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares during this reporting period[6]. - Major shareholder Yang Wenjiang holds 155,745,310 shares, representing 20.07% of the total share capital, with 97,555,310 shares pledged, accounting for 12.82% of the total[96]. - The total number of ordinary shareholders at the end of the reporting period is 93,788[105]. - The company has not conducted any repurchase transactions among the top 10 ordinary shareholders during the reporting period[106]. - There has been no change in the controlling shareholder or actual controller during the reporting period[107]. Investment and Projects - The total investment amount for the reporting period reached ¥5,989,226,796.10, representing a significant increase of 677.06% compared to the previous year's investment of ¥770,756,450.34[47]. - The total amount of securities investments approved by the board was disclosed on April 30, 2020[53]. - The total amount of other securities investments was reported at CNY 3,659,924.87 million[53]. - The company reported a total of CNY 406,767.49 million in securities investments, with a fair value change of CNY -20,117.84 million during the reporting period[53]. - The company plans to increase capital for its subsidiaries Tiancheng Zhihuo and Yuxin Zhihuo by 2,900 million RMB each, raising their registered capital to 3,000 million RMB[98][99]. Subsidiary Performance - Anhui Yuyin Electronic Technology Co., Ltd. reported a net loss of CNY 36.54 million with zero revenue[60]. - Guangzhou Yuyin ATM Technology Co., Ltd. achieved a revenue of CNY 2.75 million and a net profit of CNY 5.38 million, marking a significant performance improvement[60]. - Guangzhou Yuxin Software Co., Ltd. generated a revenue of CNY 385,322.46 with a net profit of CNY 37.56 million, indicating strong profitability[60]. - The overall performance of the subsidiaries indicates a mixed financial outlook, with some entities showing profitability while others are struggling[60][61]. - Future strategies may include market expansion and new product development to enhance revenue streams across subsidiaries[60][61]. Risk and Management - The company is facing industry risks due to prolonged resource integration and market competition, leading to price declines in equipment and maintenance services[68]. - The company aims to enhance management levels and explore new technologies and business models to improve profitability and sustainability[68]. - The company is actively seeking external development projects and emerging field projects for resource integration[68]. - The company is closely monitoring economic conditions and financial market changes to manage securities investment risks[69]. Accounting and Compliance - The financial report was approved by the board of directors on July 20, 2020, ensuring the accuracy and reliability of the financial data presented[149]. - The financial statements comply with the requirements of the accounting standards, accurately reflecting the company's financial position, operating results, and cash flows[154]. - The company has not conducted an audit for the half-year financial report[77]. - The company has not faced any penalties or rectification issues during the reporting period[81]. - The company adheres to the accounting policies and estimates that reflect its actual production and operational characteristics[153].

Financial Performance - The company's operating revenue for 2019 was ¥213,971,979.32, a decrease of 45.72% compared to ¥394,213,945.82 in 2018[16] - The net profit attributable to shareholders in 2019 was ¥67,277,711.54, a significant increase of 170.95% from a loss of ¥94,817,582.68 in 2018[16] - The total profit amounted to ¥72,015,544.17, representing a growth of 173.52% year-over-year[33] - The company reported a significant decline in ATM product sales, which totaled ¥16,913,099.22, down 87.84% year-over-year[40] - The operating lease revenue increased by 38.50% to ¥33,719,234.19, indicating a positive trend in this segment[40] - The company achieved a net profit of 40.80 million yuan in 2019, with a proposed profit distribution plan of no dividends and no capital reserve transfer to share capital[96] Cash Flow and Assets - The net cash flow from operating activities was ¥95,918,976.65, down 12.78% from ¥109,976,975.80 in the previous year[16] - The cash and cash equivalents net increase was ¥73,789,661.42 in 2019, a significant turnaround from a decrease of ¥118,698,997.99 in 2018, reflecting a 162.17% improvement[52] - The total assets at the end of 2019 were ¥1,758,222,938.84, reflecting a slight increase of 0.24% from ¥1,754,070,887.95 at the end of 2018[16] - The net assets attributable to shareholders increased by 3.34% to ¥1,637,254,324.81 at the end of 2019, up from ¥1,584,364,353.33 in 2018[16] - The company's cash and cash equivalents increased to CNY 159,979,086.83, accounting for 9.10% of total assets, up from 5.00% in the previous year[59] Research and Development - The company’s R&D focus on financial self-service equipment has led to numerous patents and certifications, enhancing its competitive edge in the market[29] - Research and development expenses in 2019 were ¥30,476,536.43, a decrease of 6.82% from ¥32,706,830.69 in 2018, while the R&D expenditure as a percentage of operating income increased to 14.24%[52][54] - The company obtained 16 invention patents and 6 utility model patents during the reporting period, emphasizing its commitment to innovation[53] Market and Industry Risks - The company has outlined potential industry and market risks in its annual report, urging investors to remain cautious[5] - The company is facing market risks due to intense competition and price declines in the equipment sector, prompting adjustments in product and industry structure[90] Strategic Initiatives - The company is actively expanding its market presence through partnerships with banking institutions, enhancing its service offerings in ATM operations and technology[25] - The company plans to explore the application of digital currency wallets in self-service devices, enabling interactions between digital currencies and various wallet types[87] - The company plans to enhance its financial services by optimizing maintenance processes, aiming to improve efficiency by 27% for on-site maintenance personnel through intelligent dispatching[88] Shareholder and Dividend Policy - The company plans not to distribute cash dividends or issue bonus shares[6] - The company will not distribute profits for 2019, with retained earnings carried forward to the next year, reflecting a conservative financial strategy[96] - The company has not distributed any cash dividends in 2018 and 2019, indicating a focus on reinvestment rather than shareholder returns during these years[100] Governance and Compliance - The company emphasizes the protection of shareholder rights, particularly for minority shareholders, and maintains a transparent communication platform with investors[128] - The company has a complete internal control system and complies with various laws and regulations to ensure accurate information disclosure[128] - The company has established a rigorous risk management framework for its securities investments, including regular audits and compliance with regulations[92] Employee and Management Structure - The company employed a total of 344 staff, with 203 in technical roles, 94 holding bachelor's degrees, and 8 with postgraduate degrees[161] - The company has established a performance evaluation policy linked to salary and promotion, aiming to enhance employee motivation[162] - The current management team includes professionals with backgrounds in finance, technology, and management, contributing to the company's strategic direction[155]

Financial Performance - The company's operating revenue for Q1 2020 was ¥48,280,093.39, representing a 20.58% increase compared to ¥40,040,165.41 in the same period last year[8]. - The net profit attributable to shareholders was -¥46,758,631.34, a decrease of 232.54% from ¥35,280,209.63 in the previous year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥17,908,687.13, a significant increase of 330.37% from -¥7,773,931.25 in the same period last year[8]. - The basic earnings per share were -¥0.0614, a decline of 232.61% from ¥0.0463 in the same period last year[8]. - The diluted earnings per share were also -¥0.0614, reflecting the same decline as the basic earnings per share[8]. - The weighted average return on equity was -3.00%, down 5.20% from 2.20% in the previous year[8]. - The company reported a net loss of ¥46,758,631.34 for Q1 2020, compared to a net profit of ¥35,280,209.63 in the same period last year, indicating a significant decline in profitability[37]. - The total comprehensive income for the period was -¥46,748,521.23, a stark contrast to the comprehensive income of ¥35,239,530.67 in Q1 2019[37]. Cash Flow and Liquidity - The net cash flow from operating activities improved to -¥7,699,673.22, an 80.13% improvement from -¥38,746,634.18 in the previous year[8]. - The company's cash and cash equivalents decreased to ¥128,895,811.90 from ¥159,979,086.83, representing a decline of about 19.4%[27]. - The cash inflow from sales of goods and services was ¥17,514,643.77, a decrease from ¥47,479,087.68 in the previous period, indicating lower sales performance[46]. - The cash outflow for purchasing goods and services was ¥8,987,645.81, down from ¥59,306,057.34 in the previous period, suggesting a reduction in procurement costs[46]. - The total cash outflow from operating activities was ¥40,958,309.54, compared to ¥164,598,269.14 in the previous period, showing a reduction in cash expenses[46]. - The company's cash and cash equivalents at the end of the period stood at ¥57,287,215.39, an increase from ¥41,170,106.32 in the previous period, indicating improved liquidity[48]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,695,451,922.56, a decrease of 3.57% from ¥1,758,222,938.84 at the end of the previous year[8]. - The net assets attributable to shareholders decreased by 2.86% to ¥1,590,505,803.58 from ¥1,637,254,324.81 at the end of the previous year[8]. - The total current assets as of March 31, 2020, amounted to ¥622,385,411.97, a decrease from ¥690,013,379.15 at the end of 2019, reflecting a decline of approximately 9.8%[27]. - The company's long-term receivables decreased to ¥4,712,860.29 from ¥8,488,956.41, a decline of about 44.6%[28]. - The total liabilities included accounts payable of ¥24,704,502.79, which remained relatively stable compared to ¥24,690,241.90[28]. - Total liabilities decreased to CNY 583,529,359.16 from CNY 605,157,378.75, a reduction of approximately 3.9%[33]. Operating Costs and Expenses - Operating costs decreased by 41.06% year-on-year, mainly due to the company's control over outlet maintenance expenses[15]. - Sales revenue from goods and services decreased by 39.14% year-on-year, primarily due to reduced sales collections during the reporting period[15]. - Cash paid for purchasing goods and accepting services decreased by 67.21% year-on-year, mainly due to reduced raw material procurement expenditures[15]. - Tax expenses decreased by 42.98% year-on-year, corresponding to a reduction in payable value-added tax[15]. - Other income decreased by 98.88% year-on-year, primarily due to a reduction in government subsidies[15]. - Investment income decreased by 221.98% year-on-year, mainly due to losses from securities investments[15]. - Research and development expenses increased to CNY 5,580,725.09 from CNY 4,585,079.62, an increase of approximately 21.7%[36]. - The company reported a significant increase in sales expenses, which amounted to ¥518,001.56, compared to ¥2,031,379.62 in the previous year, indicating a reduction in sales-related costs[39]. Investment Activity - The company reported an investment loss of CNY 60,576,078.98 in Q1 2020, compared to a gain of CNY 49,659,319.61 in Q1 2019[36]. - The total cash inflow from investment activities was ¥1,083,500,726.60, down from ¥7,788,571,974.49 in the previous period, reflecting a substantial reduction in investment returns[48]. - The net cash flow from investment activities was -¥39,324,863.91, contrasting with a positive net cash flow of ¥18,297,763.09 in the previous period, highlighting challenges in investment performance[48]. Compliance and Audit - The company did not undergo an audit for the first quarter report, which may affect the reliability of the financial data presented[49]. - The company has not applied new revenue and leasing standards, which may impact future financial reporting[49]. - There were no violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[20][21].