证券代码： 002308 证券简称：威创股份 威创集团股份有限公司投资者关系活动记录表 | --- | --- | --- | |-------------------------|----------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------| | | | | | 投资者关系活动 | □ 特定对象调研 | □ 分析师会议 | | 类别 | □ 媒体采访 | √ 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | □ 其他 | （请文字说明其他活动内容） | | 参与单位名称及 人员姓名 | 投资者网上提问 | | | 时间 | 2022 年 9 月 22 日 ( | 周四 ) 下午 15:50~16:50 | | 地点 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥272,521,826.55, a decrease of 4.16% compared to ¥284,341,336.06 in the same period last year[17]. - Net profit attributable to shareholders increased by 183.72% to ¥25,205,016.30, up from ¥8,883,870.62 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was ¥16,060,726.54, a significant increase of 911.37% compared to a loss of ¥1,979,467.70 in the same period last year[17]. - The basic earnings per share rose to ¥0.03, representing a 200.00% increase from ¥0.01 in the previous year[17]. - The total assets at the end of the reporting period were ¥2,309,340,007.93, a decrease of 1.57% from ¥2,346,095,006.97 at the end of the previous year[17]. - The net assets attributable to shareholders increased by 1.38% to ¥1,950,689,006.48 from ¥1,924,151,022.22 at the end of the previous year[17]. - The net cash flow from operating activities improved by 28.40%, reaching -¥16,375,518.79 compared to -¥22,871,620.51 in the same period last year[17]. - The company's total profit for the first half of 2022 was CNY 27,896,842.50, compared to CNY 13,462,690.54 in the same period of 2021, marking an increase of 107.5%[148]. - The total comprehensive income for the first half of 2022 was CNY 25,481,478.15, compared to CNY 8,445,628.36 in the same period of 2021, reflecting a growth of 201.5%[148]. Revenue Breakdown - The company's video business achieved revenue of 176.16 million yuan, a year-on-year increase of 8.29%, with a gross profit of 73.57 million yuan, up 7.10%[43]. - The children's growth platform business generated revenue of 96.37 million yuan, a year-on-year decline of 20.79%, with a gross profit of 50.74 million yuan, down 18.34%[44]. - The kindergarten service business reported revenue of 26.86 million yuan, a year-on-year decrease of 31.10%[45]. - The kindergarten product sales revenue was 68.88 million yuan, a year-on-year decline of 12.75%[48]. - The multi-dimensional children's growth scene business generated revenue of 615,400 yuan, a significant year-on-year decrease of 90.51%[49]. - Revenue from the electronic visual industry increased by 8.29% to ¥176,155,551.60, accounting for 64.64% of total revenue[56]. - Revenue from the children's education service industry decreased by 20.79% to ¥96,366,274.95, representing 35.36% of total revenue[56]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares[4]. - The company is actively developing distributed control products, including high-performance 8K distributed systems tailored for various industries, and has integrated its software with domestic operating systems[35]. - The company is leveraging its technological expertise to upgrade the kindergarten service industry chain, focusing on smart management and quality control[40]. - The company is positioned to capitalize on new opportunities in the early education sector due to the implementation of the three-child policy and increasing parental investment in education[42]. - The company continues to strengthen its "digitalization" strategy and expand external resources to enhance service quality and product offerings[51]. - The company plans to enhance its service offerings and ensure teaching quality stability through diversified and scenario-based services in response to localized COVID-19 outbreaks[73]. - The company aims to improve its profit margins by optimizing operational efficiency and reducing costs in the upcoming quarters[168]. Research and Development - The company has filed 5 new invention patents and received 28 new authorized invention patents, with a total of 1,570 authorized patents, of which 82.4% are invention patents[33]. - The company's R&D investment decreased by 34.47% to ¥23,332,087.70, primarily due to personnel optimization and reduced salaries[53]. - Research and development expenses decreased to CNY 21,169,978.36 from CNY 26,823,050.38, a reduction of 21.3% year-on-year[150]. Market Challenges - The company's video business faced a significant decline in market demand during the first half of 2022, particularly in the second quarter, due to the ongoing impact of COVID-19, with intensified competition leading to lower gross margins[26]. - The company faces risks in its video business due to intensified market competition, component shortages, and rising raw material prices, which may lead to a decline in gross margins[69]. - The ongoing "double reduction" policy is expected to impact the company's revenue, leading to a focus on multi-track layout and understanding core customer needs[72]. Shareholder and Equity Information - The company will not distribute cash dividends or issue bonus shares for the half-year period[78]. - The company approved a stock incentive plan in May 2022, aiming to motivate and retain key personnel[79]. - The total number of restricted shares granted represents 1.07% of the company's total share capital[81]. - The largest shareholder, Taizhou Zhongwei Kequn Investment Partnership, holds 24.22% of the total shares, amounting to 219,502,109 shares[124]. - The second-largest shareholder, Guangzhou Science City Investment Group, holds 10.04% of the shares, totaling 91,000,000 shares[124]. - The company has 40,964 total common shareholders at the end of the reporting period[124]. Legal Matters - The company is involved in a lawsuit regarding a shareholder dispute with Wang Hongbing, with a claimed amount of RMB 54.91 million, which has been ruled in favor of the company[95]. - The company is also engaged in a lawsuit concerning equity transfer disputes with Liu Kefei and Echo, with a claimed amount of RMB 82.64 million, currently in the first instance[95]. - There are ongoing arbitration proceedings initiated by Wang Hongbing against the company, with a claimed amount of RMB 55.01 million, which has been withdrawn[95]. - The company has a total of RMB 85.82 million in other undisclosed litigation cases, which are either concluded or in progress[96]. Asset Management - The company's total assets included cash and cash equivalents of ¥1,035,286,285.70, which decreased by 24.95% from the previous year due to funds being used for investments[60]. - The total current assets as of June 30, 2022, were ¥1,971,280,422.33, slightly up from ¥1,951,460,298.52 at the start of the year, indicating a marginal increase of approximately 1%[138]. - The company reported inventory of ¥111,543,195.38, which increased from ¥107,111,537.78, showing a rise of about 4.3%[138]. - The total liabilities at the end of the period are 1,328,983.04 million, which represents a stable financial position[171]. Financial Reporting - The financial report for the first half of 2022 was not audited, which may impact the reliability of the financial data presented[136]. - The financial statements are prepared based on the going concern principle, indicating good sustainability for the next 12 months[185]. - The company adheres to the accounting standards and ensures that the financial statements reflect its financial status accurately[186].

Financial Performance - The company's operating revenue for 2021 was ¥688,643,272.31, representing a 7.46% increase compared to ¥640,838,989.91 in 2020[20] - The net profit attributable to shareholders for 2021 was -¥395,818,900.62, a significant decrease of 1,205.76% from ¥35,795,956.29 in 2020[20] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥416,906,873.03, worsening by 55.14% compared to -¥268,731,632.90 in 2020[20] - The basic earnings per share for 2021 was -¥0.44, a decline of 1,200.00% from ¥0.04 in 2020[20] - The company's diluted earnings per share for 2021 was -0.44 CNY, a decrease of 1,200.00% compared to 0.04 CNY in 2020[21] - The total assets at the end of 2021 were 2,346,095,006.97 CNY, representing a decrease of 10.51% from 2,621,686,710.81 CNY at the end of 2020[21] - The company experienced a decline in net assets attributable to shareholders, which decreased by 17.07% to 1,924,151,022.22 CNY at the end of 2021 compared to 2,320,159,289.60 CNY at the end of 2020[21] - The company's net cash flow from operating activities improved to ¥94,310,681.36, a 176.07% increase from -¥123,986,938.60 in 2020[20] - The company reported a net cash flow from operating activities of 91,562,931.46 CNY in Q4 2021, indicating a significant recovery from previous quarters[25] Business Segments - The company has been engaged in the research, manufacturing, marketing, and service of ultra-high-resolution digital splicing wall systems and has expanded into the children's growth education service sector since 2015[19] - The company has two main business segments: ultra-high-resolution digital splicing wall systems and children's growth platform services[19] - The company's children's growth platform business includes kindergarten education services, product sales, and diversified growth scenarios, adapting to policy changes effectively[42] - In 2021, the company's children's growth platform business achieved revenue of CNY 292.87 million, a year-on-year increase of 15.86%, and a gross profit of CNY 155.71 million, up 26.53% year-on-year[59] - The kindergarten education service business generated revenue of CNY 91.26 million, representing a significant year-on-year increase of 55.68%[59] - The company's video conferencing business reported revenue of CNY 395.78 million, with a gross profit of CNY 158.24 million, reflecting a year-on-year growth of 1.99% and a decline in gross profit margin by 4.67% to 39.98%[54] Research and Development - The company filed 50 new invention patents and obtained 56 authorized invention patents during the reporting period, enhancing its intellectual property portfolio[44] - The company has integrated its research and development resources to enhance its network distributed control product line, achieving key performance indicators that meet or exceed industry standards[37] - The company established a technology and product R&D center in 2021, enhancing its educational research capabilities and expanding its market influence[51] - The company has initiated several R&D projects aimed at enhancing product competitiveness and expanding market presence, including a distributed control product line and a smart management platform for kindergartens[81] - Research and development expenses were ¥70.23 million, down 28.11% from the previous year, primarily due to personnel optimization and reduced salary costs[80] - The number of R&D personnel decreased by 32.75% to 191 from 284 in the previous year, with the proportion of R&D staff in the total workforce falling from 27.31% to 22.90%[83] Strategic Initiatives - The company plans to increase investment in control products, particularly distributed control products and solutions, aligning with national development directions[32] - The company has adjusted its children's community school strategy to focus on integrated care and quality education, helping stabilize its business amid policy challenges[42] - The company is focusing on building a smart kindergarten management system to enhance educational informationization and improve student learning efficiency[112] - The company aims to create a comprehensive children's growth ecosystem integrating kindergartens, families, and after-school services, responding to the increasing importance of family education[112] - The company plans to expand its C-end product line by collaborating with quality external partners in the children's growth industry, leveraging scale and information advantages[113] Governance and Compliance - The company emphasizes the importance of risk awareness regarding forward-looking statements in its reports[5] - The company is committed to enhancing its governance structure and ensuring compliance with relevant regulations to maintain operational integrity[122] - The company maintains complete independence from its controlling shareholders in terms of business operations, personnel, assets, and finance[123] - The company has established an independent financial accounting department and has been independently making financial decisions since its inception[125] - The company has not provided guarantees for shareholders or their subsidiaries, nor has it transferred loans to shareholder units[125] Market Challenges and Risks - The education sector faced significant changes due to new policies, impacting the company's strategy and operations in the children's growth platform business[34] - The company anticipates risks in its video business due to intensified market competition and rising raw material costs, and plans to enhance product competitiveness and supply chain management[115] - The company recognizes the challenge of a shortage of qualified educators and is implementing measures to attract and retain high-level talent[117] - The company is aware of external risks such as political and economic factors that could impact business operations and is working on diversifying services to mitigate these risks[118] Shareholder Engagement - The company held its annual shareholder meeting on May 14, 2021, with a participation rate of 34.81%[126] - The company approved several key resolutions during the annual meeting, including the financial settlement report for 2020 and the profit distribution plan[126] - The first interim shareholder meeting of 2021 took place on September 16, 2021, with a participation rate of 34.79%[126] - The company resolved to terminate a non-public offering of stock and repurpose the remaining funds for working capital[126] Employee and Organizational Structure - The total number of employees at the end of the reporting period was 834, with 519 in the parent company and 315 in major subsidiaries[149] - The professional composition included 392 sales personnel, 168 technical staff, and 55 production workers[149] - The company has a comprehensive training program aimed at enhancing employee skills and management capabilities[152] - The company strictly adheres to labor laws and provides competitive salaries and benefits to its employees[150] Financial Management - The company's cash and cash equivalents increased by ¥229,641,091.08, a decline of 76.36% compared to an increase of ¥971,295,324.17 in 2020[85] - The total assets included cash and cash equivalents amounting to ¥1,637,111,561.89, which represented 69.78% of total assets, up from 50.19% at the beginning of the year[90] - The company reported a total of RMB 80,800,000 in entrusted financial management during the reporting period, with no overdue amounts or impairment losses[197] Corporate Social Responsibility - The company actively supports social responsibility initiatives and has established a robust corporate governance structure[163] - The company has implemented measures to reduce carbon emissions, although specific details were not disclosed[162]

Financial Performance - The company's revenue for Q1 2022 was ¥128,954,548.09, representing a 20.45% increase compared to ¥107,061,887.79 in the same period last year[3]. - Net profit attributable to shareholders was ¥14,785,916.35, a significant increase of 281.67% from a loss of ¥8,138,765.45 in the previous year[3]. - The net profit after deducting non-recurring gains and losses was ¥11,881,435.38, up 168.35% from a loss of ¥17,382,437.06 year-on-year[3]. - The basic earnings per share increased to ¥0.02, compared to a loss of ¥0.01 in the same period last year, marking a 300.00% improvement[3]. - The total operating revenue for the first quarter was CNY 128,954,548.09, an increase from CNY 107,061,887.79 in the previous period[18]. - Operating costs amounted to CNY 115,807,804.03, down from CNY 123,414,683.26 year-over-year[18]. - The gross profit was CNY 13,146,744.06, resulting in a gross margin of approximately 10.21%[19]. - The company reported a comprehensive income total of CNY 14,735,982.15, compared to a loss of CNY 4,021,941.41 in the same period last year[20]. - Basic and diluted earnings per share were both CNY 0.02, recovering from a loss of CNY 0.01 per share in the previous period[20]. Assets and Liabilities - Total assets decreased by 3.69% to ¥2,259,613,502.54 from ¥2,346,095,006.97 at the end of the previous year[3]. - The total current liabilities decreased to CNY 186,549,028.72 from CNY 261,708,981.61, a reduction of about 28.7%[15]. - The company's inventory decreased to CNY 101,230,790.85 from CNY 107,111,537.78, reflecting a decline of approximately 5.5%[14]. - The non-current assets totaled CNY 347,453,962.82, down from CNY 394,634,708.45, indicating a decrease of about 11.9%[15]. - The total liabilities of the company decreased, indicating improved financial stability and reduced leverage[15]. - The total liabilities decreased to CNY 320,861,119.83 from CNY 422,078,606.41 in the previous period[19]. - The total equity attributable to shareholders of the parent company was CNY 1,938,887,870.88, slightly up from CNY 1,924,151,022.22[19]. Cash Flow - The company's cash flow from operating activities was negative at -¥20,932,336.74, slightly worse than -¥20,510,044.13 in the previous year, a decrease of 2.06%[3]. - Cash received from sales and services was approximately ¥128 million, a decrease of 13% compared to ¥148 million in the previous year[23]. - Net cash flow from operating activities was negative at approximately -¥21 million, slightly worse than -¥20 million in the same period last year[23]. - The ending balance of cash and cash equivalents was approximately ¥971 million, up from ¥680 million in the previous year[24]. - The company reported a total cash inflow from operating activities of approximately ¥177 million, compared to ¥171 million in the previous year[23]. - Total cash outflow from operating activities was approximately ¥198 million, compared to ¥191 million in the previous year[23]. - Cash inflow from investment activities totaled approximately ¥139 million, compared to ¥144 million in the previous year[24]. - Cash outflow from investment activities was approximately ¥774 million, a decrease from ¥847 million in the previous year[24]. - Net cash flow from financing activities was negative at approximately -¥4.67 million, while the previous year showed a cash inflow of ¥345 thousand[24]. Cost Management - Management expenses decreased by 29.74% to ¥24,486,130.97, attributed to enhanced cost control measures[9]. - Research and development expenses were reduced by 29.59% to ¥11,836,143.51, reflecting improved cost management and personnel optimization[9]. - Research and development expenses were CNY 11,836,143.51, down from CNY 16,811,158.85 year-over-year[19]. Other Information - The company has not disclosed any new product developments or market expansion strategies in the current report[13]. - The company did not conduct an audit for the first quarter report[25]. - The report was released by the Board of Directors on April 27, 2022[26].

Financial Performance - The company's operating revenue for 2021 was ¥688,643,272.31, representing a 7.46% increase compared to ¥640,838,989.91 in 2020[20] - The net profit attributable to shareholders for 2021 was -¥395,818,900.62, a decrease of 1,205.76% from ¥35,795,956.29 in 2020[20] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥416,906,873.03, worsening by 55.14% from -¥268,731,632.90 in 2020[20] - The basic earnings per share for 2021 was -¥0.44, a decline of 1,200.00% from ¥0.04 in 2020[20] - The diluted earnings per share for 2021 was -0.44 CNY, a decrease of 1,200.00% compared to 0.04 CNY in 2020[21] - The total assets at the end of 2021 were 2,346,095,006.97 CNY, a decrease of 10.51% from 2,621,686,710.81 CNY at the end of 2020[21] - The net profit attributable to shareholders for 2021 was -420,216,913.18 CNY in Q4, with a total annual revenue of 688,643,272.31 CNY, up from 640,838,989.91 CNY in 2020[25] - The company reported a net cash flow from operating activities of 91,562,931.46 CNY in Q4 2021, indicating a significant recovery in cash flow[25] Business Segments - The company has two main business segments: ultra-high-resolution digital splicing wall systems and children's growth education services[19] - The company has been focusing on the development and marketing of ultra-high-resolution digital splicing wall systems since its inception[19] - The company has entered the children's growth education service sector since 2015, providing kindergarten services and related products[19] Cash Flow and Investments - The net cash flow from operating activities improved to ¥94,310,681.36, a 176.07% increase from -¥123,986,938.60 in 2020[20] - The total amount of funds raised through the non-public offering was RMB 905.91 million, with RMB 1.05 million used in the current period and RMB 61.73 million accumulated for other purposes[95] - The company terminated the non-public offering investment project and permanently supplemented working capital with the remaining funds, totaling RMB 805.32 million[95] - The company reported an investment loss of ¥7,208,557.75, accounting for 1.85% of total profit, primarily due to losses from joint ventures[88] Market Trends and Challenges - The education sector, particularly in early childhood education, is undergoing significant changes due to new regulations, impacting the company's strategic direction[34] - The overall market for large-screen splicing display industry has slowed down significantly compared to pre-pandemic levels, affecting the company's performance[31] - The company anticipates risks in its video business due to intensified market competition and rising raw material costs, and will focus on enhancing product competitiveness and supply chain management[115] - The company faced significant challenges in the preschool education market due to policy changes and the impact of the pandemic[98] Research and Development - The company filed 50 new invention patents and obtained 56 authorized invention patents during the reporting period, indicating a strong focus on innovation and intellectual property[44] - The company has integrated its research and development resources to enhance its network distributed control product line, achieving key performance indicators that meet or exceed industry standards[37] - The company established a technology and product R&D center in 2021, enhancing its educational product and service systems[51] - The company has initiated several R&D projects aimed at enhancing product competitiveness and expanding market share, including a network distributed control product and a smart management platform for kindergartens[81] Governance and Compliance - The company is committed to improving its governance structure and ensuring compliance with relevant regulations to maintain operational integrity[122] - The company maintains complete independence from its controlling shareholders in terms of business, personnel, assets, and finance[123] - The company has established an independent financial accounting department and a complete accounting system, ensuring independent financial decision-making[125] - The company has not provided guarantees for shareholders or their subsidiaries, nor has it transferred loans to shareholder units[125] Employee Management - The total number of employees at the end of the reporting period was 834, with 519 in the parent company and 315 in major subsidiaries[149] - The company strictly adhered to labor laws and provided competitive salaries to motivate employees[150] - The company implemented a comprehensive training system to enhance employee skills and management capabilities[152] - The company has a dedicated human resources management department, ensuring independent management of labor, personnel, and payroll[124] Shareholder Engagement - The company held its annual shareholder meeting on May 14, 2021, with a participation rate of 34.81%[126] - The company approved several key resolutions during the shareholder meetings, including the financial settlement report for 2020 and the profit distribution plan[126] - The company is committed to regular communication with shareholders, as shown by the scheduling of multiple shareholder meetings throughout the year[143] Social Responsibility - The company actively engages in social responsibility and supports public welfare initiatives[163] - The company has implemented measures to promote energy conservation and reduce emissions[162] - The company has not been classified as a key pollutant discharge unit by environmental protection authorities[162]

Financial Performance - The company's operating revenue for Q3 2021 was ¥207,283,214.31, a decrease of 5.54% compared to the same period last year[3]. - Net profit attributable to shareholders for Q3 2021 was ¥15,514,141.94, an increase of 218.89% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥9,076,147.01, up 141.23% compared to the same period last year[3]. - Total operating revenue for the current period reached ¥491,624,550.37, an increase of 12.78% compared to ¥435,911,729.68 in the previous period[20]. - Operating profit for the current period was ¥33,373,506.02, down 87.58% from ¥268,782,832.20 in the previous period[21]. - Net profit decreased significantly to ¥23,990,189.75 from ¥262,509,217.22, a decline of 91.86%[21]. - The company reported a total comprehensive income of ¥22,469,734.42, significantly lower than ¥262,450,542.83 in the previous period[22]. - Basic and diluted earnings per share were both ¥0.03, down from ¥0.29 in the previous period[22]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was ¥2,747,749.90, an increase of 101.99%[3]. - Cash flow from operating activities generated a net amount of ¥2,747,749.90, recovering from a negative cash flow of ¥138,181,729.19 in the previous period[25]. - Cash and cash equivalents decreased by 47.48% to ¥737,855,831.58 due to funds being used for financial investments[8]. - Cash and cash equivalents at the end of the period totaled ¥733,538,896.31, down from ¥1,299,383,043.04 at the end of the previous period[26]. - Total assets at the end of Q3 2021 were ¥2,757,369,423.28, representing a 5.18% increase from the end of the previous year[3]. - As of September 30, 2021, the total assets of Weichuang Group amounted to approximately CNY 2.76 billion, an increase from CNY 2.62 billion at the end of 2020, representing a growth of about 5.2%[17]. Liabilities and Equity - The total current liabilities decreased to CNY 199.26 million from CNY 265.10 million, a reduction of about 25%[17]. - The total liabilities increased to CNY 414.47 million from CNY 280.03 million, marking an increase of approximately 48%[17]. - The total owner's equity slightly increased to CNY 2.34 billion from CNY 2.34 billion, showing a marginal growth of about 0.1%[18]. - The company reported a net loss of CNY 152.80 million in retained earnings, an improvement from a loss of CNY 177.19 million at the end of 2020[18]. Expenses and Investments - The company's management expenses decreased by 36.23% to ¥84,673,117.35, attributed to changes in the scope of consolidated financial statements and personnel optimization[10]. - Research and development expenses were ¥55,751,752.55, a decrease of 17.06% from ¥67,252,492.59[20]. - Sales expenses decreased to ¥72,657,966.94 from ¥83,449,013.19, a reduction of 13.25%[20]. - Investment income increased by 30.18% to ¥14,473,983.01, mainly due to increased financial investment income[10]. - The long-term equity investments increased to CNY 383.22 million from CNY 351.83 million, reflecting a growth of approximately 8.9%[16]. Goodwill and Impairment - The goodwill decreased to CNY 158.51 million from CNY 184.29 million, indicating a reduction of about 13.9%[16]. - The company anticipates potential impairment losses on goodwill and long-term equity investments due to regulatory changes affecting its children's growth platform business[14]. - The company plans to conduct impairment testing at year-end to assess the impact on its financial results[14]. Other Information - The company's weighted average return on equity was 0.66%, down 1.17% year-on-year[3]. - The company had a total of 39,485 common shareholders at the end of the reporting period[11]. - The third quarter report was not audited[28]. - The company implemented the new leasing standards starting January 1, 2021, with no need for adjustments to the beginning balance sheet items[27].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥284,341,336.06, representing a 31.35% increase compared to ¥216,476,579.42 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was ¥8,883,870.62, a significant decrease of 96.82% from ¥279,716,934.89 in the previous year[20]. - The basic earnings per share decreased to ¥0.01, down 96.77% from ¥0.31 in the same period last year[20]. - The weighted average return on net assets was 0.38%, a decrease of 11.04% compared to 11.42% in the previous year[20]. - The company reported a significant improvement in the net profit after deducting non-recurring gains and losses, which was -¥1,979,467.70, a 90.57% improvement from -¥20,993,452.98 in the previous year[20]. - The company reported a total comprehensive income of CNY 8,445,628.36 for the first half of 2021, down from CNY 275,354,885.66 in the previous year[132]. - The total comprehensive income for the period was -24,681,390.42 CNY, compared to 202,708,939.61 CNY in the previous period[138]. Cash Flow and Investments - The net cash flow from operating activities improved to -¥22,871,620.51, a 90.96% increase compared to -¥252,868,573.71 in the same period last year[20]. - Investment activities generated a net cash flow of -¥459,994,423.99, a decrease of 138.66% compared to the previous year's net cash inflow of ¥1,189,917,424.50[41]. - The net cash flow from investing activities was -459,994,423.99 CNY, a significant decrease from 1,189,917,424.50 CNY in the previous year[138]. - Cash outflow from investing activities totaled 1,024,050,768.95 CNY, compared to 951,826,890.98 CNY in the previous period[138]. - The company received 294,553,412.40 CNY from sales of goods and services, an increase from 248,104,547.75 CNY in the previous year[136]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,728,637,409.96, reflecting a 4.08% increase from ¥2,621,686,710.81 at the end of the previous year[20]. - The company's total liabilities increased to CNY 284,948,726.18 from CNY 130,653,301.25, marking a rise of 118.5%[131]. - Total liabilities decreased to CNY 399,264,984.05 from CNY 280,032,286.21, an increase of approximately 42.6%[124]. - Long-term liabilities increased significantly to CNY 218,904,360.07 from CNY 14,931,182.82, reflecting a growth of approximately 1,365.5%[124]. - The company's equity attributable to shareholders increased slightly to CNY 2,328,983,040.17 from CNY 2,320,159,289.60, a growth of about 0.4%[124]. Business Operations and Strategy - The company maintains a leading position in the DLP, COB-LED, and ultra-high-definition visualization application markets, with strong demand for control products and significant growth potential in the visualization application sector[30]. - The company launched AM (Active-matrix) products in the display segment, enhancing market competitiveness, and introduced distributed control products with improved application functionalities[30]. - The children's growth platform business continues to develop steadily, focusing on integrated solutions for kindergartens, including site selection, management, and quality evaluation services[31]. - The company is exploring new business directions in early childhood education, including childcare and early education institutions, in response to the "three-child" policy[37]. - The company aims to create a vibrant early childhood education ecosystem by optimizing organizational structure and resource allocation in response to new challenges and opportunities[38]. Research and Development - The company has filed 4 new invention patents and received 25 authorized invention patents and 2 design patents during the reporting period, enhancing its intellectual property portfolio[33]. - The company’s R&D expenditure was ¥35,604,668.11, a decrease of 7.53% from ¥38,503,316.52, indicating stable investment in innovation[41]. Shareholder and Equity Information - The total number of shares is 906,214,651, with 99.98% being unrestricted shares[103]. - The largest shareholder, Taizhou Zhongshu Weike Equity Investment Partnership, holds 24.22% of shares, totaling 219,502,109 shares[109]. - The company has not conducted any repurchase transactions among the top 10 common shareholders during the reporting period[110]. - The total number of common shareholders at the end of the reporting period is 41,957[108]. Legal and Compliance - The company is involved in arbitration related to the transfer of equity in Beijing Ke'er Education Technology Co., Ltd., with a claim amount of 20 million yuan, which has been revoked and does not impact operations[82]. - The company is also involved in a lawsuit concerning equity disputes with Wang Hongbing, with a claim amount of approximately 5.49 million yuan, which is currently pending[82]. - The company has not reported any new equity instruments or capital reductions during the current period[161]. Environmental and Social Responsibility - The company does not belong to the key pollutant discharge units and has not faced any administrative penalties for environmental issues during the reporting period[73]. - The company and its controlling shareholders have maintained a good integrity status during the reporting period[84].

Financial Performance - The company's operating revenue for Q1 2021 was ¥107,061,887.79, representing a 61.94% increase compared to ¥66,110,785.35 in the same period last year[7] - The net profit attributable to shareholders was a loss of ¥8,138,765.45, a decrease of 174.25% from a profit of ¥10,960,601.19 in the previous year[7] - The basic earnings per share for the period was -¥0.01, a decline of 200.00% from ¥0.01 in the same period last year[7] - Operating revenue increased by 61.94% to ¥107,061,887.79, recovering from the impact of the pandemic[15] - Net profit attributable to shareholders decreased by 174.25% to -¥8,138,765.45, as the order volume for high-resolution digital splicing wall systems has not yet met expectations post-pandemic[15] - The estimated net profit attributable to shareholders for the first half of 2021 is projected to be between 500,000 and 750,000 CNY, representing a decrease of approximately 98.21% compared to the same period last year[23] - Basic earnings per share for the same period are expected to decline to 0.006 CNY, down from 0.008 CNY, indicating a decrease of about 98.06% year-over-year[23] - The significant decline in net profit is primarily due to non-recurring gains from the sale of property rights amounting to 33,970,000 CNY in the first half of 2020[23] - The total comprehensive income for the quarter was a loss of CNY 4,021,941.41, compared to a gain of CNY 8,277,448.21 last year[43] - The total comprehensive income for the first quarter was -27,751,281.29 CNY, slightly worse than -27,676,229.83 CNY in the previous year[47] Cash Flow and Investments - The net cash flow from operating activities improved to -¥20,510,044.13, an 88.87% increase compared to -¥184,268,770.67 in the same period last year[7] - The company's cash and cash equivalents decreased by 54.99% to ¥632,408,295.25 due to funds being used for financial investments[15] - The cash flow from operating activities improved by 88.87% to -¥20,510,044.13, driven by increased cash receipts from sales and services[16] - The company reported cash outflows from investment activities of 847,151,521.00 CNY, significantly higher than 530,353,497.37 CNY in the prior year[50] - The net cash flow from investment activities was -677,796,599.85 CNY, compared to 212,620,118.12 CNY in the previous year, indicating a significant decrease[54] - The total cash inflow from investment activities was 80,208,329.15 CNY, while the cash outflow was 758,004,929.00 CNY, resulting in a net cash outflow[54] - The cash inflow from the disposal of fixed assets and other was 321,026,150.08 CNY, while the cash outflow for the acquisition of fixed assets was 1,134,998.00 CNY[54] - The company received cash from the recovery of investments amounting to 63,500,000.00 CNY, down from 426,001,007.68 CNY in the previous year[50] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,721,379,692.33, a 3.80% increase from ¥2,621,686,710.81 at the end of the previous year[7] - The total current assets amount to 1,800,932,816.79 CNY, a decrease from 1,979,648,179.82 CNY at the end of 2020[32] - The total liabilities as of March 31, 2021, are 401,506,567.71 CNY, compared to 280,032,286.21 CNY at the end of 2020, indicating an increase in liabilities[34] - The total assets as of March 31, 2021, are 2,721,379,692.33 CNY, up from 2,621,686,710.81 CNY at the end of 2020[35] - The owner's equity decreased to CNY 2,454,306,090.19 from CNY 2,485,436,854.25[38] Shareholder Information - The company reported a total of 43,347 common shareholders at the end of the reporting period[11] - The largest shareholder, Taizhou Zhongshu Weike Equity Investment Partnership, holds 24.22% of the shares, totaling 219,502,109 shares[11] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[12] Government Support and Projects - The company received government subsidies amounting to ¥728,381.31 during the reporting period[8] - The company has invested ¥10,527,330.40 in the "Children's Arts and Sports Training Center Construction Project" from the raised funds[22] - The remaining balance of raised funds as of March 31, 2021, was ¥601,578,323.88[22] Research and Development - Research and development expenses were CNY 16,811,158.85, down from CNY 19,283,744.60[41] Miscellaneous - The company did not require adjustments to the beginning balance sheet items under the new leasing standards implemented on January 1, 2021[56] - The first quarter report was not audited, indicating that the figures presented are preliminary[57] - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[27] - There were no significant contracts or external guarantees reported during the period[24]

Business Focus and Strategy - The company reported a significant focus on the development and marketing of ultra-high-resolution digital splicing wall systems, which remains its core business alongside children's growth education services[16] - The company has strategically entered the children's growth education service sector since 2015, expanding its business model to include kindergarten services and related products[16] - The company operates two main businesses: ultra-high-resolution digital splicing wall systems and children's growth platform services[28] - The ultra-high-resolution digital splicing wall systems business faced a slowdown in growth due to the COVID-19 pandemic but maintained a leading position in the DLP and COB LED markets[29] - The children's growth platform business includes kindergarten services, product sales, and multi-dimensional growth scenarios, with significant development in community schools and early education services[30] Financial Performance - The company's operating revenue for 2020 was ¥640,838,989.91, a decrease of 41.83% compared to ¥1,101,742,157.35 in 2019[18] - The net profit attributable to shareholders in 2020 was ¥35,795,956.29, representing a 102.91% increase from a loss of ¥1,230,836,562.90 in 2019[18] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥268,731,632.90 in 2020, an improvement of 78.34% from -¥1,240,662,115.40 in 2019[18] - The net cash flow from operating activities was -¥123,986,938.60 in 2020, a decline of 167.83% compared to ¥182,795,246.68 in 2019[18] - The basic earnings per share for 2020 was ¥0.04, compared to -¥1.37 in 2019, marking a 102.92% improvement[18] - The total assets at the end of 2020 were ¥2,621,686,710.81, down 8.56% from ¥2,866,992,973.81 at the end of 2019[18] - The net assets attributable to shareholders at the end of 2020 were ¥2,320,159,289.60, a slight increase of 0.49% from ¥2,308,751,260.25 at the end of 2019[18] Research and Development - The company filed for 60 new invention patents and received authorization for 98 invention patents during the reporting period[33] - The company launched the ICVP Smart Integration Platform V1.0, enhancing user experience with zero-code tools[34] - The new generation EaseCon series processors were introduced, emphasizing system openness and reliability[35] - The company is focusing on product research and development to extend its product chain and improve the overall strength of the children's growth platform[53] Market Challenges and Risks - The company faces risks in the children's growth platform business due to lower-than-expected service and product procurement demands from partner kindergartens, prompting adjustments and targeted solutions[100] - The company acknowledges the risk of talent shortages in the education sector and plans to enhance employee assessment, training, and incentive mechanisms to attract and retain high-level talent[101] - The company has recognized the impact of uncontrollable factors such as political and economic events on its business and is enhancing its online education offerings to mitigate risks[101] Shareholder and Governance Structure - The company has a comprehensive governance structure, with all board members present for the report's approval, ensuring accountability and transparency[4] - The controlling shareholder has promised to maintain the independence of the listed company, including personnel, assets, and financial operations[111] - The company is currently fulfilling its commitment to not transfer shares acquired through equity changes for 18 months post-completion[110] - The company has established a commitment to ensure that related party transaction prices are determined based on market principles[111] Investment and Financing - The company raised a total of approximately ¥905.91 million through a private placement, with a remaining balance of approximately ¥599.79 million as of December 31, 2020[80] - The company has repaid bank loans and financing lease borrowings amounting to RMB 170 million and supplemented working capital with RMB 188 million as of December 31, 2020[83] - The company has shifted part of the raised funds to repay bank loans and finance lease borrowings, as well as to supplement working capital[83] Employee and Management Structure - The total number of employees in the company is 1,040, with 654 in the parent company and 386 in major subsidiaries[191] - The company has 323 sales personnel and 284 technical personnel, indicating a strong focus on sales and technology[191] - The company emphasizes employee training through various programs, including new employee orientation and management training[193][194] Social Responsibility and Compliance - The company emphasizes its commitment to social responsibility, focusing on sustainable development and stakeholder engagement[150] - The company is not classified as a key pollutant discharge unit by environmental protection authorities[152] - The company has established independent production and operational facilities necessary for its main business, along with proprietary intellectual property[199] Future Outlook - The company’s future outlook includes continued investment in research and development for new products and technologies to enhance market competitiveness[16] - The company anticipates a recovery in the domestic large-screen display market driven by effective pandemic control and rapid industrial internet growth[93] - The company plans to enhance its COB LED product line and initiate AM-COB product development to maintain market leadership in the segment[94]

Financial Performance - Operating revenue for the reporting period was ¥219,435,150.26, a decrease of 25.90% year-on-year, and a decline of 45.25% for the year-to-date[7] - Net profit attributable to shareholders was a loss of ¥13,049,441.22, representing a decrease of 135.21% compared to the same period last year[7] - Basic earnings per share were -¥0.01, down 125.00% year-on-year, while diluted earnings per share were also -¥0.01[7] - Operating revenue for the first nine months of 2020 decreased by 45.25% to ¥435,911,729.68, mainly impacted by the COVID-19 pandemic[17] - The net profit for the third quarter was a loss of CNY 12,767,100.50, compared to a profit of CNY 38,549,024.76 in the previous year[46] - The company's total assets decreased to CNY 2,861,945,685.00 from CNY 2,904,164,020.92 at the end of the previous year[42] - The net profit for Q3 2020 was -¥25,189,964.46, a sharp drop from a net profit of ¥12,413,306.91 in the previous year[48] - The net profit attributable to the parent company for the year-to-date period was ¥266,667,493.67, significantly higher than ¥90,301,283.53 in the previous year[54] - The total comprehensive income for the year-to-date period was ¥262,450,542.83, compared to ¥98,555,912.56 in the previous year, reflecting overall growth[54] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,886,406,121.91, an increase of 0.68% compared to the end of the previous year[7] - Total liabilities decreased to 294,516,884.68 CNY from 532,940,244.61 CNY at the end of 2019[37] - The company's total assets decreased to CNY 2,861,945,685.00 from CNY 2,904,164,020.92 at the end of the previous year[42] - Current assets totaled CNY 1,944,262,503.61, slightly up from CNY 1,937,304,772.13 year-on-year[39] - The total liabilities decreased to CNY 122,976,445.48 from CNY 342,713,756.55 in the previous year[42] Cash Flow - The net cash flow from operating activities was ¥48,372,935.15, an increase of 1.28% compared to the previous year[7] - The net cash flow from operating activities turned negative at -¥138,181,729.19, a decline of 459.42% compared to the same period in 2019, due to reduced sales collections[19] - The net cash flow from investing activities increased by 436.86% to ¥1,082,835,953.88, primarily due to the redemption of financial products[19] - Cash and cash equivalents at the end of the period totaled approximately ¥1.30 billion, compared to ¥613.18 million at the end of the same period last year, reflecting a substantial increase of 111.2%[60] - The net cash flow from investment activities was approximately ¥1.08 billion, a turnaround from a net outflow of ¥321.45 million in the previous year[60] - The company's cash outflow for operating activities was approximately ¥744.09 million, down from ¥904.43 million in the previous year, showing a reduction of 17.7%[58] Shareholder Information - The company had 41,703 total shareholders at the end of the reporting period[11] - The top shareholder, Taizhou Zhongshu Weike Equity Investment Partnership, held 24.22% of the shares, amounting to 219,502,109 shares[11] - The company completed a share transfer on July 31, 2020, transferring 24.22% of its shares to a new controlling shareholder, which may impact future governance[20] Non-Recurring Items - Non-recurring gains and losses totaled ¥309,673,076.99, primarily due to the disposal of non-current assets[8] - The company reported a non-recurring gain of 33,970,000 CNY from the sale of property assets in the first half of 2020[26] Research and Development - Research and development expenses rose to CNY 28,749,176.07, compared to CNY 20,940,852.47 in the same period last year, indicating a focus on innovation[45] - Research and development expenses increased to ¥23,290,805.85 in Q3 2020, up from ¥15,732,687.60 in Q3 2019, reflecting a focus on innovation[48] Impairment and Provisions - The company reported a 132.31% increase in credit impairment losses, totaling -¥12,138,399.16, due to increased provisions for bad debts[17] - The company experienced a credit impairment loss of -¥12,138,399.16 in the year-to-date period, compared to -¥5,225,110.79 in the previous year, highlighting potential risks[53] - The company plans to conduct impairment tests on assets showing signs of impairment due to the pandemic's impact, which may lead to significant differences in final data[26] Other Financial Indicators - The company's financial expenses decreased by 105.43% to -¥439,491.95, attributed to reduced loan interest expenses[17] - The company reported a significant increase in non-operating expenses, rising by 2430.78% to ¥3,026,143.69, due to various non-operational expenditures[17] - The estimated cumulative net profit for the year is projected to be between 16,800,000 and 25,200,000 CNY, representing a significant increase of 113.65% to 120.47% compared to the previous year[26] - Basic earnings per share are expected to rise to 0.19 CNY, reflecting an increase of 113.87% to 120.44% year-over-year[26]