Financial Performance - The company's operating revenue for the first half of 2021 was CNY 334,584,398.23, representing a 204.53% increase compared to CNY 109,869,978.86 in the same period last year[22]. - The net profit attributable to shareholders of the listed company reached CNY 3,234,949.82, a significant increase of 1,095.94% from CNY 270,494.89 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 2,892,735.43, compared to a loss of CNY 3,278,440.22 in the same period last year, marking a 188.24% improvement[22]. - The basic earnings per share increased to CNY 0.0157, up 1,107.69% from CNY 0.0013 in the previous year[22]. - The total revenue for the first half of 2021 was 17,234.44 million RMB, representing a 45.57% increase compared to the previous period[66]. - The company reported a net profit of 422,765.77 RMB from its subsidiary, Terjia Information, contributing significantly to the overall financial performance[70]. - The total profit for the first half of 2021 was CNY 6,877,302.76, up from CNY 361,431.86 in the previous year[172]. - The total comprehensive income attributable to the parent company for the first half of 2021 was CNY 3,232,417.84, compared to CNY 270,494.89 in the same period of 2020[172]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 686,294,795.85, reflecting a 34.93% increase from CNY 508,642,234.02 at the end of the previous year[22]. - The total assets as of June 30, 2021, amounted to CNY 496,610,555.24, up from CNY 441,404,943.41 at the end of 2020, reflecting an increase of approximately 12.5%[167]. - The total liabilities increased to CNY 137,140,651.50 as of June 30, 2021, compared to CNY 102,020,097.39 at the end of 2020, marking an increase of about 34.5%[168]. - The company's cash and cash equivalents decreased to CNY 33,848,738.99 from CNY 73,930,031.12 at the end of 2020, a decline of approximately 54.2%[166]. - The accounts receivable rose to CNY 98,762,036.28 from CNY 64,976,513.15, indicating an increase of about 52%[166]. - The inventory increased significantly to CNY 40,459,543.68 from CNY 25,552,369.52, representing a growth of approximately 58.3%[166]. Cash Flow - The net cash flow from operating activities was negative at CNY -66,103,405.39, worsening by 135.88% compared to CNY -28,023,574.62 in the same period last year[22]. - The cash flow from financing activities included 35,000,000.00 CNY from loans, indicating reliance on debt financing[180]. - The net cash flow from financing activities increased to 36,303,382.67 CNY from 9,270,440.22 CNY, showing improved financing capabilities[180]. - The total cash inflow from investment activities was 161,500.00 CNY, significantly lower than 316,874,025.36 CNY in the previous period, reflecting reduced investment recovery[180]. - The net cash flow from investment activities was -33,824,013.78 CNY, compared to a positive flow of 63,643,548.85 CNY in the previous period, indicating a significant drop in investment returns[183]. Research and Development - The information technology division has filed for 26 utility model patents and 115 software copyrights, enhancing its R&D capabilities[37]. - Research and development investment increased by 76.11% to ¥4,143,520.87, driven by the expansion of R&D projects[43]. - The company is focused on enhancing its research and development capabilities to drive innovation in its product offerings[197]. Business Strategy and Expansion - The company has established 7 wholly-owned subsidiaries and 12 holding subsidiaries, expanding its operational scale[36]. - The automotive division is focusing on the development of electric and hydraulic retarders, with a product range of 40+ varieties and 18 specifications[30]. - The company aims to optimize its automotive division by entering the automotive parts supply market and exploring new energy vehicle modifications[31]. - The company is actively exploring the new generation information technology sector through mergers, investments, and establishing joint ventures[34]. - The company is diversifying its business model to mitigate risks from national policies affecting traditional energy vehicles, including investments in the new energy vehicle sector[81]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company actively protects shareholder rights and maintains transparent communication with investors[93]. - The company has not faced any significant environmental penalties and complies with relevant environmental laws[92]. - The company has not initiated any targeted poverty alleviation programs during the reporting period[98]. Risks and Challenges - The automotive business is facing risks due to a single product structure and increased competition, prompting the company to diversify its offerings[76]. - The automotive division's product prices are declining due to market competition, which poses operational risks[78]. - The company is focused on reducing foreign exchange risks through its derivatives trading, which is aligned with its operational needs and aims to enhance financial stability[67]. Miscellaneous - The company has not reported any significant changes in the measurement attributes of its main assets during the reporting period[58]. - The company has not engaged in any major related party transactions during the reporting period[108]. - The company has not sold any major assets or equity during the reporting period, indicating stability in its asset management strategy[68][69].

Financial Performance - The company's revenue for Q1 2021 was ¥140,084,663.42, representing a 158.55% increase compared to ¥54,181,600.71 in the same period last year[7] - Net profit attributable to shareholders was ¥1,038,559.77, a significant increase of 259.79% from ¥288,659.48 in the previous year[7] - The net profit after deducting non-recurring gains and losses was ¥798,514.58, compared to a loss of ¥1,716,357.77 in the same period last year, marking a 146.52% improvement[7] - The basic earnings per share increased to ¥0.0050, up 257.14% from ¥0.0014 in the previous year[7] - Operating revenue surged by 158.55% to ¥140,084,663.42, driven by business scale expansion[14] - Net profit attributable to the parent company increased by 259.79% to ¥1,038,559.77, reflecting significant profit growth during the reporting period[14] - The company reported a gross profit of CNY 17,683,620.37 for Q1 2021, reflecting a gross margin improvement[48] - Net profit for Q1 2021 was CNY 2,939,547.50, up from CNY 161,454.52 in the same period last year[50] Assets and Liabilities - The total assets at the end of the reporting period were ¥533,726,834.67, reflecting a 4.93% increase from ¥508,642,234.02 at the end of the previous year[7] - The net assets attributable to shareholders were ¥378,064,291.70, a slight increase of 0.28% from ¥377,011,415.92 at the end of the previous year[7] - Total liabilities reached CNY 128,864,679.63, up from CNY 106,733,942.51, representing an increase of approximately 20.7%[42] - Total assets as of the end of Q1 2021 were CNY 441,319,516.95, slightly down from CNY 441,404,943.41[46] - Total liabilities increased to CNY 104,676,497.85 from CNY 102,020,097.39 in the previous period[46] Cash Flow - The company reported a net cash flow from operating activities of -¥31,096,479.72, which is a decline of 178.96% compared to -¥11,147,198.84 in the same period last year[7] - Cash flow from operating activities showed a net outflow of ¥31,096,479.72, a decrease of 178.96% due to increased business expansion and accounts receivable not yet collected[14] - The net cash flow from investment activities was -5,949,843.41, compared to 105,008,871.06 in the previous period[62] - The financing activities generated a net cash inflow of 19,458,269.94 yuan, compared to 6,323,439.06 yuan in the previous year[59] - Cash inflow from financing activities was 7,655,974.18, while cash outflow was 7,658,942.17, resulting in a net cash flow of -2,967.99[62] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,397[10] - The largest shareholder, Shenzhen Chuangtong Investment Development Co., Ltd., held 19.49% of the shares, totaling 40,146,515 shares[10] Research and Development - Research and development expenses increased by 56.57% to ¥1,844,277.38, indicating a rise in R&D projects[14] - Research and development expenses for Q1 2021 were CNY 1,844,277.38, compared to CNY 1,177,952.70 in the previous year, indicating increased investment in innovation[49] Investments and Subsidiaries - The company established a new subsidiary, Shenzhen Dawi Innovation Electronics Technology Co., Ltd., with a registered capital of ¥10 million[18] - The company increased its investment in Sichuan Oule Intelligent Technology Co., Ltd. by RMB 36 million, raising its stake to 60%[21] - The company established a joint venture named Dawi Jiujiang (Hubei) Technology Co., Ltd. with a registered capital of RMB 10 million, where the wholly-owned subsidiary contributed RMB 4 million for a 40% stake[22] - The company completed all necessary procedures for the capital increase in Sichuan Oule, making it a wholly-owned subsidiary[21] Risk Management and Policies - The company has established a risk management system for foreign exchange derivatives, including regular training for staff and close monitoring of market prices[29] - The company has a foreign exchange derivative trading policy aimed at locking in exchange rates and preventing interest rate risks, with no speculative trading allowed[29] Other Information - The company has obtained multiple patents, including 3 design patents and 6 trademark registrations[24] - The company has not engaged in any securities investments during the reporting period[26] - The company has not reported any overdue commitments from its actual controllers or shareholders during the reporting period[25] - The first quarter report was not audited[65]

Profit Distribution - The company reported a profit distribution plan to distribute a cash dividend of 0.1 RMB per 10 shares (including tax) to all shareholders based on 206,000,000 shares[4]. - The cash dividend for 2020 represents 22.90% of the net profit attributable to shareholders, which was 8,993,686.63 yuan[117]. - The total distributable profit for the year 2020 was 106,686,723.07 yuan, with the cash dividend accounting for 100% of the profit distribution[118]. - The company has established a three-year shareholder dividend return plan for 2021-2023, approved by the board and shareholders[112]. - The cash dividend policy is compliant with the company's articles of association and has been transparently communicated to shareholders[113]. - The company did not distribute dividends for the years 2018 and 2019, with net profits of -4,357,461.88 yuan and -1,584,994.17 yuan respectively[114][115]. - The independent directors have fulfilled their responsibilities in the decision-making process regarding the cash dividend policy[113]. - The company has not engaged in any share buybacks or other forms of cash distribution aside from the proposed cash dividend for 2020[118]. Business Transition and Expansion - The company's main business transitioned from solely automotive manufacturing to a dual focus on automotive manufacturing and next-generation information technology during the reporting period[16]. - The company acquired a 60% stake in Shenzhen Xinhui Group Microelectronics Co., Ltd., marking a significant expansion into the microelectronics sector[16]. - The company aims to enhance its market presence through strategic acquisitions and diversification of its business operations[16]. - The company changed its name to "Shenzhen Dawi Innovation Technology Co., Ltd." on August 28, 2020, reflecting its dual focus on automotive manufacturing and new generation information technology[30]. - The company acquired a 60% stake in Chipway Group, focusing on storage chips as a key development direction, enhancing its information business segment[29]. - The company established a wholly-owned subsidiary, Automotive Technology Company, to optimize its organizational structure and enhance operational efficiency[45]. - The company has established seven holding subsidiaries in the new generation information technology sector, enhancing its capabilities in communication devices, data terminals, and integrated circuit products[96]. - The company is committed to a dual strategy of internal growth and external expansion to achieve rapid development and establish a new industrial ecosystem[98]. Financial Performance - The company's operating revenue for 2020 was CNY 387,646,465.68, representing a year-on-year increase of 106.12%[17]. - The net profit attributable to shareholders for 2020 was CNY 8,993,686.63, a significant increase of 461.92% compared to the previous year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 5,629,472.37, showing a 223.93% improvement year-on-year[17]. - The basic earnings per share for 2020 was CNY 0.0437, reflecting a 460.26% increase from CNY 0.0078 in 2019[18]. - The total assets at the end of 2020 were CNY 508,642,234.02, marking a 9.96% increase from the previous year[18]. - The company reported a total revenue of RMB 151,052,785 for the storage chip segment, with a net profit of RMB 11,857,466, indicating strong performance in this area[89]. - The company achieved a total revenue of CNY 1,185.75 million from the acquisition of Chip汇群, surpassing the original profit forecast of CNY 1,000 million[122]. Research and Development - The company has developed 18 specifications across three major series of electric retarder products, showcasing its R&D capabilities in the automotive sector[33]. - The company has obtained 21 invention patents, 36 utility model patents, and 5 design patents, indicating strong innovation in its automotive business[33]. - The company aims to enhance its software development team and initiate the "Doctor Professor Gathering Plan" and "Academician Leading Plan" to create new core products and competitive capabilities[34]. - The company is actively participating in international competition by strengthening its core competencies in the information technology sector[34]. - R&D expenses amounted to ¥6,773,548.27, a slight increase of 2.34% compared to the previous year, with R&D personnel increasing by 17.14% to 41[66][68]. Market Challenges and Risks - The market for electric retarders is facing challenges due to the decline in traditional fuel bus sales and increased competition in the automotive parts sector[27]. - The automotive business faces market risks due to intense competition and reliance on a single product structure, primarily electric retarder sales[101]. - Fluctuations in raw material prices and declining product sales prices pose operational risks, prompting the company to establish long-term relationships with suppliers[102]. - The automotive segment is affected by national policies on new energy vehicles, leading to a decline in traditional energy vehicle sales, prompting diversification efforts[106]. Corporate Governance and Compliance - The financial report emphasizes the importance of accurate and complete financial disclosures, ensuring compliance with legal responsibilities[3]. - The company has maintained compliance with all commitments made prior to its IPO, ensuring no legal liabilities arise from these commitments[120]. - The company has disclosed its financial performance and commitments through various channels, including the Securities Times and China Securities Journal[122]. - The company received an administrative penalty for improper accounting practices, including inventory impairment testing and government subsidy accounting errors[133]. - The company has implemented a comprehensive self-examination and corrective measures following the administrative penalty[134]. Shareholder Information - The total number of shares after the recent changes is 206,000,000, with 100% being unrestricted shares[182]. - The company reported a total of 7,876 shareholders at the end of the reporting period[187]. - The largest shareholder, Shenzhen Chuangtong Investment Development Co., Ltd., holds 40,146,515 shares, accounting for 19.49% of total shares[188]. - The actual controller, Lian Zongmin, is also the chairman and general manager of the company, with a change in control reported on June 29, 2020[191].

Financial Performance - Operating revenue for the period reached ¥124,920,922.20, a significant increase of 246.90% year-on-year[8] - Net profit attributable to shareholders was ¥2,114,309.38, reflecting a growth of 58.38% compared to the same period last year[8] - The net profit after deducting non-recurring gains and losses was ¥1,796,439.59, up by 51.50% year-on-year[8] - Basic earnings per share increased by 58.46% to ¥0.0103[8] - The weighted average return on net assets was 0.57%, up from 0.21% in the previous year[8] - Total operating revenue for Q3 2020 reached ¥124,920,922.20, a significant increase from ¥36,010,728.75 in the same period last year[47] - Net profit for Q3 2020 was ¥4,120,025.30, up from ¥1,312,176.12 in Q3 2019, reflecting a year-over-year growth of approximately 213%[49] - The company reported a net profit attributable to shareholders of the parent company of ¥2,559,991.07, compared to a loss of ¥4,090,978.71 in the same quarter last year[57] - The total comprehensive income for Q3 2020 was ¥4,120,025.30, compared to ¥1,312,176.12 in Q3 2019, marking a substantial increase[50] - The company achieved an operating profit of ¥4,005,470.19, compared to an operating loss of ¥4,439,618.67 in the same quarter last year[56] Assets and Liabilities - Total assets increased by 10.11% to ¥509,447,283.23 compared to the end of the previous year[8] - Current assets decreased to CNY 333,194,496.40 from CNY 373,848,819.33, reflecting a decline of about 10.9%[39] - Total liabilities increased to CNY 115,532,207.43 from CNY 87,353,506.11, which is an increase of approximately 32.3%[41] - The company's equity attributable to shareholders reached CNY 371,254,761.28, up from CNY 368,694,770.21, showing a slight increase of about 0.4%[42] - Total liabilities decreased from ¥128,866,887.48 to ¥100,004,764.36, indicating improved financial stability[48] - Total current assets amounted to CNY 373,848,819.33, with cash and cash equivalents at CNY 114,704,402.16 and trading financial assets at CNY 110,000,000.00[73] - Total liabilities amount to CNY 128,866,887.48, with no non-current liabilities reported[78] Cash Flow - The net cash flow from operating activities was negative at -¥21,698,925.60, a decline of 455.94% compared to the same period last year[8] - The net cash flow from operating activities was -¥49,722,500.22, a decline of 690.10% compared to -¥6,293,183.49, attributed to increased business expansion and delayed accounts receivable[18] - The total cash inflow from operating activities was CNY 218,699,158.96, compared to CNY 111,638,170.18 in the previous period, indicating a significant increase[63] - The net cash flow from investment activities was CNY 18,250,130.94, down from CNY 77,482,062.48 in the previous period[65] - The net cash flow from financing activities was CNY 8,913,363.30, compared to CNY 3,386,383.48 in the previous period, showing an improvement[66] Shareholder Information - The total number of shareholders at the end of the reporting period was 7,494[11] - The largest shareholder, Shenzhen Chuangtong Investment Development Co., Ltd., held 19.49% of the shares[11] Investments and Acquisitions - The company acquired 60% of Chip汇群, resulting in goodwill of ¥76,348,870.56 and an increase in intangible assets by 76.96% to ¥16,168,385.81[17] - The company completed the acquisition of Chip汇群, with all related equity transfer and registration procedures finalized[20] - The company is in the process of acquiring a 60% stake in Shenzhen Xinhui Group Microelectronics Technology Co., Ltd.[25] - The company established a wholly-owned subsidiary, Shenzhen Terjia Automotive Technology Co., Ltd., with a registered capital of ¥20 million[21] - The company established a wholly-owned subsidiary in Hong Kong with an investment of HKD 10,000[23] Research and Development - Research and development expenses for Q3 2020 were ¥2,175,021.15, an increase from ¥1,677,582.23 in the same period last year, highlighting a focus on innovation[48] - Research and development expenses for the quarter were ¥4,527,818.57, slightly down from ¥5,017,065.88 in the previous year[56] Other Financial Information - The company received government subsidies amounting to ¥1,309,299.28 during the reporting period[9] - The company reported a significant increase in other income, which rose by 729.68% to ¥1,530,514.60, mainly due to increased government subsidies during the pandemic[18] - The company reported a financial income of ¥734,563.34, down from ¥1,902,378.68 in the previous year, indicating a decrease in interest income[48] - The company’s tax expenses for the quarter amounted to ¥184,976.44, up from ¥37,851.08 in the previous year[56]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥109,869,978.86, representing a 114.62% increase compared to ¥51,191,687.94 in the same period last year[17]. - The net profit attributable to shareholders was ¥445,681.69, a significant recovery from a loss of ¥5,425,920.85 in the previous year, marking an increase of 108.21%[17]. - Basic earnings per share improved to ¥0.0022 from -¥0.0263, reflecting a 108.37% increase[17]. - The company reported a decrease in net profit after deducting non-recurring gains and losses to -¥3,034,875.32, an improvement of 51.54% from -¥6,263,111.27 in the previous year[17]. - The company reported a net profit of ¥595,014.57 from its subsidiary, 特尔佳信息, with total assets of ¥49,285,744.36[71]. - The company’s net profit for the first half of 2020 was CNY 103,117.81, a significant recovery from a net loss of CNY 5,188,327.15 in the same period of 2019[157]. - The company reported a total revenue of RMB 969.53 million for the first half of 2020, representing a year-on-year increase of 8.95%[105]. - The company reported a total revenue of 2,703.00 million yuan for the first half of 2020, with a significant decline compared to the previous year[172]. Cash Flow and Assets - The net cash flow from operating activities was -¥28,023,574.62, worsening by 126.19% compared to -¥12,389,352.62 in the same period last year[17]. - Cash and cash equivalents increased due to the maturity of bank wealth management products, while trading financial assets decreased as these products were redeemed[28]. - The company reported a net increase in cash and cash equivalents of ¥49,948,248.85, a decrease of 72.58% from ¥182,158,852.07, primarily due to payments for external investments[50]. - Cash and cash equivalents decreased by 17.12% to ¥164,692,601.79, down from ¥219,856,871.76 in the previous year[58]. - The company reported a net cash flow from operating activities of CNY -28,023,574.62, worsening from CNY -12,389,352.62 in the same period last year[161]. - The total cash inflow from investment activities was 316,871,645.36 CNY, up from 200,520,082.18 CNY year-on-year, reflecting a significant increase in investment recovery[165]. - The total cash outflow from investment activities was 253,228,096.51 CNY, compared to 233,458.00 CNY in the same period last year, indicating increased investment expenditures[165]. Investments and Acquisitions - In June 2020, the company acquired 60% of Chipway Group, marking a strategic move into the storage chip sector[27]. - The company acquired 60% equity of Chipway Group in June 2020, which holds 3 integrated circuit layout design certificates and 20 software copyrights[32]. - The company plans to establish a closed-loop ecosystem centered on embedded products, enhancing its manufacturing advantages and software development capabilities[33]. - The company made a significant investment of ¥50,100,000.00 during the reporting period, a 14,214.29% increase compared to the previous year[61]. - The company completed the acquisition of a 60% stake in Shenzhen Xinhui Microelectronics Technology Co., Ltd., enhancing its market position[105]. Research and Development - The company holds 21 invention patents, 45 utility model patents, and 82 software copyrights, showcasing its strong R&D capabilities[31]. - Research and development expenses decreased by 18.96% to ¥2,706,160.99 from ¥3,339,483.65, indicating a reduction in R&D investment[49]. - The company aims to strengthen its software development team and integrate internet capabilities to build new core products and competitive advantages in the information business sector[75]. - The company plans to enhance its product structure and improve profitability by focusing on the research and development of new products, particularly hydraulic retarders, to mitigate market risks[75]. Market and Business Strategy - The automotive division focuses on the research, design, production, and sales of automotive retarders, with a market impacted by declining sales of traditional fuel buses[25]. - The company has shifted its main business to include both automotive manufacturing and new generation information technology, enhancing its market presence[25]. - The company is committed to optimizing its industrial structure and focusing on key development areas in the new generation information technology sector[27]. - The company is actively exploring industrial investment opportunities through its three subsidiaries to enhance asset utilization and generate additional revenue[35]. - The company is focused on enhancing its core competitiveness through continuous R&D and collaboration with industry partners, aiming to strengthen its market position[47]. Shareholder and Corporate Governance - The company’s controlling shareholder, Chuangtong Investment, holds 19.49% of the shares, equating to 40,146,515 shares[121]. - The company’s board of directors was restructured, with Chuangtong Investment controlling more than half of the board members[113]. - The company’s stockholder structure includes various institutional and individual investors, with notable changes in holdings during the reporting period[121]. - The new controlling shareholder is Shenzhen Chuangtong Investment Development Co., Ltd., effective June 29, 2020[126]. - The actual controller has changed to Lian Zongmin, effective June 29, 2020[126]. Compliance and Regulatory - The company is not classified as a key pollutant discharge unit by environmental protection authorities, indicating compliance with environmental regulations[107]. - The financial report for the first half of 2020 was not audited, indicating that the figures presented are unaudited[141]. - The company’s financial reporting adheres to the relevant accounting standards and reflects its financial position accurately as of June 30, 2020[187].

Financial Performance - The company's operating revenue for 2019 was ¥188,067,520.89, representing a 51.70% increase compared to ¥123,977,222.78 in 2018[19] - The net profit attributable to shareholders for 2019 was ¥1,642,084.15, up 55.23% from ¥1,057,833.32 in 2018[19] - The net cash flow from operating activities was negative at -¥11,832,636.28, a decrease of 147.18% compared to ¥25,078,747.26 in 2018[19] - The total assets at the end of 2019 were ¥462,686,849.81, an increase of 8.14% from ¥427,845,430.67 at the end of 2018[19] - The net assets attributable to shareholders at the end of 2019 were ¥368,694,770.21, a slight increase of 0.45% from ¥367,052,686.06 at the end of 2018[19] - The basic earnings per share for 2019 was ¥0.008, reflecting a 56.86% increase from ¥0.0051 in 2018[19] - The diluted earnings per share for 2019 was also ¥0.008, consistent with the basic earnings per share increase[19] - The weighted average return on net assets was 0.45% in 2019, up from 0.29% in 2018[19] - The company reported a net profit excluding non-recurring gains and losses of -¥4,364,216.13 for 2019, an improvement of 7.98% from -¥4,742,905.54 in 2018[19] - Total revenue for the fourth quarter reached ¥100,865,104.20, showing a significant increase compared to previous quarters[23] - The net profit attributable to shareholders for the fourth quarter was ¥5,733,062.86, marking a recovery from losses in the first three quarters[23] - The company reported a net cash flow from operating activities of -¥5,539,452.79 in the fourth quarter, indicating challenges in cash generation despite improved profitability[23] Revenue Breakdown - The revenue from the communication equipment, computer, and other electronic devices segment increased by 131.06%, contributing 55.42 million yuan, which accounted for 29.47% of total revenue[46] - The automotive manufacturing segment saw a decline in revenue by 15.60%, generating 78.73 million yuan, which represented 41.86% of total revenue[46] - The total revenue for the automotive manufacturing sector was CNY 78,726,928.10, a decrease of 15.60% year-on-year, with a gross margin of 34.26%[49] - The revenue from communication equipment, computers, and other electronic devices reached CNY 55,424,096.13, an increase of 131.06% year-on-year, with a gross margin of 6.92%[49] - The South China region generated CNY 120,475,045.74 in revenue, accounting for 64.06% of total revenue, with a year-on-year growth of 157.00%[50] Product Development and Innovation - The company has developed 40+ varieties of electric retarder products, with significant advancements in liquid retarders, including models of 2500Nm, 3200Nm, and 4000Nm[31] - The R&D center has been recognized as the "Guangdong Province Automotive Electronics (Terjia) Engineering Technology Research Center," highlighting its innovation capabilities[31] - The company has obtained 21 invention patents and 35 utility model patents, showcasing its strong intellectual property portfolio[31] - The company’s R&D projects include electric current retarder and smart manhole cover systems, aimed at enhancing product quality and core competitiveness[61] - The company aims to strengthen new product development, particularly in hydraulic retarders, to improve profitability and mitigate market risks[92][93] Market Presence and Strategy - The company has established sales networks in nearly 13 provinces across China, enhancing its market presence[31] - The automotive business segment is facing challenges due to the shift towards new energy vehicles, impacting traditional product demand[28] - The information business segment is actively engaging in the new generation information technology industry, leveraging partnerships to accelerate market entry[29] - The company has expanded its market presence in heavy-duty trucks and is exploring applications for its products in new fields[42] - The company plans to enhance cooperation with main engine manufacturers and expand into the light and medium truck market, focusing on optimizing and upgrading the electric eddy current retarder products[90] Financial Management and Investments - The company has invested in new business sectors, including the establishment of subsidiaries to enhance its new business layout and promote transformation[39] - The company plans to enhance its investment flexibility and optimize pre-investment research and post-investment management processes to identify quality projects[92] - The company is committed to enhancing shareholder value through strategic investments and market expansion initiatives[133] - The company plans to use up to RMB 200 million of idle funds for entrusted wealth management, as approved in the 2019 first extraordinary general meeting[141] Corporate Governance and Management - The company has implemented a group management structure to enhance operational efficiency and improve corporate culture[33] - The management team is committed to maintaining transparency and accountability in financial reporting and corporate governance practices[182] - The board has established various committees, including audit and compensation committees, to ensure effective governance and oversight[183] - The company emphasizes performance-based compensation to align management interests with shareholder value[193] Employee and Organizational Structure - The total number of employees in the company is 189, with 133 in the parent company and 56 in major subsidiaries[197] - The professional composition includes 36 production personnel, 16 sales personnel, 47 technical personnel, 19 financial personnel, and 71 administrative personnel[197] - The educational background of employees shows 9 with master's degrees or above, 47 with bachelor's degrees, 42 with associate degrees, and 91 with other qualifications[198] - The company has implemented a performance assessment and management system based on its internal regulations to optimize the compensation management system[199] Legal and Compliance - The company has not faced any penalties or corrective actions during the reporting period[115] - There were no major lawsuits or arbitration matters reported during the period[114] - The company has not reported any significant accounting errors requiring retrospective restatement during the reporting period[111] - The company has not engaged in any related party transactions during the reporting period[117] Shareholder Information - The company’s major shareholder, Chuangtong Investment, acquired an additional 10,145,602 shares, increasing its total holdings to 40,146,515 shares, representing 19.49% of the total share capital[145] - The largest shareholder, Shenzhen Chuangtong Investment Development Co., Ltd., holds over 10% of shares, focusing on investment consulting and equity investment[167] - The company has not distributed dividends or increased capital stock from retained earnings for the past three years due to ongoing financial challenges[99][100]

Financial Performance - The company's operating revenue for Q1 2020 was ¥54,181,600.71, representing a 220.54% increase compared to ¥16,903,079.84 in the same period last year[8] - Net profit attributable to shareholders was ¥379,447.88, a significant turnaround from a loss of ¥2,752,375.57 in the previous year, marking an increase of 113.79%[8] - Basic earnings per share increased to ¥0.0018 from -¥0.0134, reflecting a 113.43% improvement[8] - Operating revenue surged by 220.54% to ¥54,181,600.71, driven by increased revenue from the information business segment[16] - Operating profit improved to ¥1,492,825.35, compared to a loss of ¥2,411,923.85 in the same period last year[48] - Net profit for the quarter was ¥1,498,121.06, recovering from a net loss of ¥1,922,727.18 in the previous year[49] - Total operating revenue for Q1 2020 was CNY 54,181,600.71, compared to CNY 16,903,079.84 in the same period last year, indicating a significant increase[42] - Net profit for Q1 2020 was CNY 304,941.05, a recovery from a net loss of CNY 2,774,324.23 in the previous year[44] Cash Flow - The net cash flow from operating activities improved to -¥11,147,198.84, a 21.51% reduction in loss compared to -¥14,202,234.09 in the same period last year[8] - Cash flow from operating activities showed a net outflow of ¥11,147,198.84, an improvement from a net outflow of ¥14,202,234.09 in the previous year[52] - Cash inflow from operating activities totaled 68,966,155.87, compared to 24,144,750.60 in the prior period, representing a 185% increase[55] - Cash outflow from operating activities was 73,825,677.04, up from 37,435,276.78, indicating a 97% increase[55] - The net cash flow from investing activities increased by 492.21% to ¥110,098,559.64, mainly due to the recovery of cash from matured financial products[18] - Cash inflow from investing activities reached 111,084,931.51, compared to 20,199,452.05 previously, reflecting a 450% increase[56] - The net increase in cash and cash equivalents was 102,532,788.95, compared to 7,602,648.77 in the prior period, representing a 1245% increase[56] Assets and Liabilities - Total assets at the end of the reporting period were ¥469,060,922.19, a 1.38% increase from ¥462,686,849.81 at the end of the previous year[8] - The company's total liabilities amounted to ¥88,522,637.44, slightly increasing from ¥87,353,506.11 at the end of 2019, reflecting a rise of approximately 1.3%[36] - The total assets of the company reached ¥469,060,922.19, up from ¥462,686,849.81 at the end of 2019, indicating a growth of about 1.6%[35] - Total liabilities amounted to CNY 136,242,437.39, compared to CNY 128,866,887.48 at the end of 2019[40] Shareholder Information - The total number of shareholders at the end of the reporting period was 7,425[12] - The top shareholder, Shenzhen Chuangtong Investment Development Co., Ltd., held 19.49% of the shares, totaling 40,146,515 shares[12] Government Subsidies - The company received government subsidies amounting to ¥942,598.77, which accounted for 309.11% of the net profit for the period, indicating a 91.98% increase compared to the previous year[9] Expenses - Operating costs rose by 349.40% to ¥47,098,430.67, reflecting higher costs associated with the information business segment[16] - The company reported a significant reduction in sales expenses, which decreased to CNY 1,217,355.57 from CNY 2,063,995.77 year-on-year[43] - Research and development expenses for Q1 2020 were CNY 1,177,952.70, down from CNY 1,564,571.01 in the previous year[43] Investment and Financial Management - The company plans to use up to ¥200,000,000 of idle funds for entrusted financial management over a one-year period[20] - The company reported a total of ¥11,000,000 in entrusted financial management, with no overdue amounts[26] - The company has not engaged in any securities investments during the reporting period, maintaining a conservative investment strategy[24] Governance and Compliance - There were no overdue commitments from shareholders or related parties during the reporting period, reflecting good governance practices[23] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties, ensuring financial integrity[29]

Financial Performance - Operating revenue for the reporting period was CNY 36,010,728.75, representing an increase of 84.14% year-on-year[7]. - Net profit attributable to shareholders was CNY 1,334,942.14, a significant increase of 865.57% compared to the same period last year[7]. - Basic earnings per share were CNY 0.0065, an increase of 828.57% compared to the same period last year[7]. - The company's net profit for Q3 2019 was not explicitly stated, but the increase in revenue suggests a positive trend in profitability[42]. - Net profit for Q3 2019 was CNY 1,312,176.12, significantly up from CNY 147,944.23 in Q3 2018, marking an increase of 786.5%[46]. - The total profit for the quarter was a loss of CNY 3,762,744.26, compared to a profit of CNY 3,052,313.29 in the same period last year[50]. - The total comprehensive income for Q3 2019 was CNY 1,312,176.12, compared to a loss of CNY 1,890,623.62 in Q3 2018[47]. - The total comprehensive income for the period was -CNY 3,800,595.34, a stark contrast to CNY 2,351,383.69 in the previous year[51]. Cash Flow - The net cash flow from operating activities was CNY 6,096,169.13, up 103.87% year-on-year[7]. - Net cash flow from operating activities improved by 95.27%, reaching RMB -6,293,183.49 compared to RMB -133,069,674.65 in the previous year[16]. - Cash inflow from operating activities totaled 111,638,170.18 CNY, while cash outflow was 117,931,353.67 CNY, resulting in a net cash flow deficit[58]. - The total cash and cash equivalents at the end of the period reached 106,530,931.44 CNY, up from 25,314,286.33 CNY in the previous period[59]. - Cash and cash equivalents increased by 223.63% to RMB 109,607,061.19 due to the recovery of a restructuring deposit from the previous year[15]. - The company reported a significant decrease in cash outflow for other operating activities, from 160,902,598.51 CNY to 15,720,597.69 CNY[58]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 424,021,609.84, a decrease of 0.89% compared to the end of the previous year[7]. - Total liabilities decreased to CNY 95,630,923.61 from CNY 132,123,767.64, showing a reduction in financial obligations[39]. - The company's equity attributable to shareholders was CNY 338,233,898.05, down from CNY 342,178,973.92 at the end of 2018[40]. - The company reported a total of CNY 340,630,804.26 in current assets, slightly down from CNY 342,923,892.71 at the end of 2018[32]. - Total assets decreased to CNY 433,864,821.66 from CNY 474,302,741.56 at the end of 2018, reflecting a reduction in overall asset base[40]. Shareholder Information - The total number of shareholders at the end of the reporting period was 13,914[11]. - The largest shareholder, Shenzhen Chuangtong Investment Development Co., Ltd., held 19.49% of the shares[11]. - The first major shareholder transferred 30,000,913 shares to a related party, increasing the total shares held to 40,146,515, representing 19.49% of total equity[19]. Expenses and Costs - Operating costs rose by 31.74% to RMB 60,820,008.57, primarily due to increased business volume from subsidiaries[15]. - Management expenses increased by 45.61% to RMB 19,656,128.79, attributed to personnel restructuring and new office leases[15]. - Research and development expenses for Q3 2019 were CNY 1,677,582.23, slightly up from CNY 1,659,687.23 in the previous year, indicating continued investment in innovation[42]. - Research and development expenses were CNY 4,405,497.91, slightly down from CNY 4,438,065.09 in the previous year, reflecting ongoing investment in innovation[54]. Investments and Subsidiaries - The company established a new subsidiary, Shenzhen Terjia Technology Incubator Co., Ltd., with a registered capital of RMB 1 million[17]. - A joint venture, Jiangsu Terjia Technology Co., Ltd., was formed with a registered capital of RMB 10 million, where the company holds a 60% stake[18]. - The company has invested CNY 12,000,000 in bank wealth management products, with no overdue amounts reported[27]. - The company has established joint ventures in Jiangsu and Wuhan, furthering its market presence and operational capabilities[21]. Governance and Compliance - The company has not reported any overdue commitments or non-compliance with external guarantees during the reporting period, indicating strong governance[23][24][25]. - The company has engaged in various shareholder activities, including share pledges and releases, reflecting ongoing financial management efforts[22]. - The company underwent organizational restructuring and accounting policy changes, which may impact future financial reporting and operational efficiency[21].

Financial Performance - The company's operating revenue for the first half of 2019 was ¥51,191,687.94, a decrease of 4.38% compared to ¥53,538,201.52 in the same period last year[15]. - The net profit attributable to shareholders was a loss of ¥5,425,920.85, representing a decline of 346.25% from a profit of ¥2,203,439.46 in the previous year[15]. - The net cash flow from operating activities was negative at ¥12,389,352.62, a decrease of 150.42% compared to ¥24,569,880.09 in the same period last year[15]. - The basic earnings per share were -¥0.0263, down 345.79% from ¥0.0107 in the previous year[15]. - The company reported a significant increase in non-recurring losses, with a total of ¥6,426.79 from the disposal of non-current assets[19]. - The company achieved operating revenue of 51.19 million yuan, a year-on-year decrease of 4.38% due to a decline in brake speed limiter sales[31]. - Operating costs amounted to 35.47 million yuan, reflecting a year-on-year increase of 4.09% attributed to increased costs from newly established subsidiaries[31]. - The company reported a net loss of 414,948.87 RMB from its subsidiary Terjia Information, indicating challenges in its software development and sales operations[55]. - The company reported a significant increase in cash flow, indicating improved liquidity and financial health[124]. Assets and Liabilities - Total assets at the end of the reporting period were ¥406,717,460.25, a decrease of 4.94% from ¥427,845,430.67 at the end of the previous year[15]. - The net assets attributable to shareholders were ¥361,626,765.21, down 1.48% from ¥367,052,686.06 at the end of the previous year[15]. - Total cash and cash equivalents increased significantly to 219,856,871.76 RMB, accounting for 54.06% of total assets, due to the maturity of wealth management products and recovery of previous restructuring deposits[45]. - Accounts receivable increased slightly by 0.50% to 38,131,668.12 RMB, representing 9.38% of total assets[45]. - Inventory decreased marginally by 0.04% to 29,656,494.55 RMB, maintaining a stable proportion of 7.29% of total assets[45]. - Total liabilities decreased from CNY 58,552,865.22 to CNY 42,387,666.26, a decline of approximately 27.7%[122]. Dividends and Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[5]. - The total number of shares remained at 206 million, with no changes in the number of restricted shares[100]. - The largest shareholder, Shenzhen Chuangtong Jiali Investment Partnership, holds 14.56% of the shares, totaling 30,000,913 shares[104]. - The second-largest shareholder, Ling Zhaowei, holds 8.83% of the shares, totaling 18,179,602 shares, with 18,179,000 shares pledged[104]. Research and Development - The company has developed liquid retarders with specifications of 2500Nm, 3200Nm, and 4000Nm, applicable to various vehicle types[26]. - The company has established nearly 120 sales outlets across the country, enhancing its market presence[26]. - The company has received recognition as a national high-tech enterprise and has been involved in setting industry standards[27]. - The company is focusing on the development of vehicle networking and technology applications, alongside automotive parts sales[31]. Market and Competition - The company faces various risks and uncertainties, which are detailed in the report[4]. - The company faces significant market competition in the smart hardware sector, which may impact its revenue[60]. - The company is actively expanding its new business sectors, contributing significantly to revenue in the first half of 2019[32]. Organizational Structure and Management - The company is optimizing its organizational structure to support its strategic development and has engaged professional human resources consultants to enhance management practices[33]. - The company appointed a new CFO, Ms. Zhong Xiaohua, following the resignation of the previous CFO, Mr. Mei Feng[95]. Investments and Subsidiaries - The company established a new subsidiary, Terjia Leisa, with a registered capital of 1 million RMB, aiming to leverage opportunities in the automotive electronics and IoT sectors[56]. - The company did not engage in any significant equity investments during the reporting period, maintaining a conservative investment strategy[48]. - The total investment amount for the reporting period was 350,000.00 RMB, reflecting a 100% increase compared to the previous year[48]. Legal and Compliance - The company has not encountered any major litigation or arbitration matters during the reporting period[70]. - The company did not engage in any related party transactions during the reporting period[75]. Financial Reporting and Standards - The financial report for the first half of 2019 was not audited[117]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that the financial reports accurately reflect the financial status as of June 30, 2019[160]. - The company’s accounting period follows the calendar year, from January 1 to December 31[161].

Financial Performance - The company's operating revenue for 2018 was ¥123,977,222.78, an increase of 4.80% compared to ¥118,294,591.28 in 2017[16] - The net profit attributable to shareholders for 2018 was ¥1,057,833.32, a significant decrease of 89.56% from ¥10,127,731.69 in 2017[16] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥4,742,905.54, a decline of 1,174.26% compared to -¥372,207.67 in 2017[16] - The basic earnings per share for 2018 was ¥0.0051, down 89.63% from ¥0.0492 in 2017[16] - Total assets at the end of 2018 were ¥427,845,430.67, a decrease of 1.06% from ¥432,440,095.69 at the end of 2017[16] - The net assets attributable to shareholders at the end of 2018 were ¥367,052,686.06, a slight increase of 0.29% from ¥365,994,852.74 at the end of 2017[16] - The weighted average return on net assets for 2018 was 0.29%, down from 2.80% in 2017[16] Cash Flow - The net cash flow from operating activities improved to ¥25,078,747.26, a 528.52% increase from -¥5,852,377.75 in 2017[16] - The net cash flow from operating activities in Q4 was ¥158,148,421.91, a substantial turnaround from a negative cash flow of -¥157,639,554.74 in Q3[20] - Operating cash inflow increased by 32.52% to ¥175,741,932.94, primarily due to a 33.66% rise in cash received from sales of goods and services[62] - The company reported a net profit of ¥1,092,700, with significant discrepancies between net cash flow from operating activities and net profit due to non-cash factors[62] Revenue Breakdown - Total revenue for Q4 reached ¥50,882,410.32, showing a significant increase compared to Q1's ¥18,262,082.51[20] - The automotive manufacturing sector contributed CNY 93,275.64 million, accounting for 75.23% of total revenue, but saw a decline of 20.59% year-on-year[43] - The telecommunications and other electronic equipment sector generated CNY 23,987.20 million, representing 19.35% of total revenue[43] - The company’s revenue from the Northeast region increased by 416.18% to CNY 23,552.91 million, while revenue from the Southwest region decreased by 66.48%[44] - The company reported a significant increase in real estate leasing services revenue, which rose by 169.67% year-over-year to ¥2.26 million, with a gross margin of 72.09%[46] Research and Development - The company holds 20 invention patents and 36 utility model patents, indicating a strong R&D capability in the electric retarder sector[30] - Research and development expenses amounted to ¥7.20 million, a decrease of 18.71% compared to the previous year, attributed to lower wages and depreciation costs[56] - Research and development investment decreased by 18.71% to ¥7,203,557.37, accounting for 5.81% of operating revenue[59] - The company is focusing on developing new products such as electric eddy current retarders and hydraulic retarders to enhance core competitiveness[57] Market Expansion and Strategy - The company is actively expanding into the hydraulic retarder market, responding to increasing demand for auxiliary braking systems in large vehicles[25] - The company plans to expand its overseas market presence, leveraging the "Belt and Road" initiative to increase demand for domestic retarders[81] - The company aims to capture the OEM market and strengthen relationships with major clients while also targeting small and medium-sized customers in 2019[80] - The company is actively pursuing new materials and technologies in its product lines to meet customer demands and improve cost efficiency[37] Management and Governance - The company has established a comprehensive management system covering quality, safety, and marketing, enhancing operational efficiency[32] - The company is focusing on group management to streamline operations and improve strategic alignment[32] - The company has implemented IATF16949 quality management system certification, ensuring high product quality standards[31] - The company has fulfilled all commitments made by its actual controllers, shareholders, and related parties during the reporting period[94] Risks and Challenges - The company faces potential risks as outlined in the management discussion and analysis section of the report[4] - The company faces market risks due to a mature market for automotive electric retarder products, with nearly all revenue coming from this single product line[83] - Raw material price fluctuations and declining product sales prices pose operational risks, with the company planning to establish long-term relationships with suppliers to mitigate these risks[85] - The company is facing policy risks due to declining sales of traditional energy vehicles influenced by national policies on new energy vehicles[86] Shareholder and Equity Information - The total number of shares increased to 206 million, with 95.59% being unrestricted shares[146] - The company has no controlling shareholder or actual controller, with no investor holding more than 30% of voting rights[153][154] - The actual controller has not changed during the reporting period[154] - The company has not distributed cash dividends for the past three years, with the last distribution in 2016 amounting to 2.06 million[92] Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 1.32 billion yuan[177] - The company is exploring potential mergers and acquisitions to strengthen its competitive position in the industry[177] - The management team emphasized the importance of sustainability initiatives, aiming for a 40% reduction in carbon footprint by 2025[177] - The company plans to enhance its digital marketing efforts, allocating an additional 50 million yuan to boost online presence and customer engagement[178]