Financial Performance - The company's operating revenue for 2021 was ¥1,933,242,996.83, a decrease of 41.05% compared to ¥3,279,219,307.74 in 2020[21]. - The net profit attributable to shareholders was -¥273,887,019.16, an improvement of 43.61% from -¥485,718,546.80 in the previous year[21]. - The net cash flow from operating activities was -¥114,797,770.64, a decline of 189.68% compared to ¥128,014,424.11 in 2020[21]. - The basic earnings per share were -¥0.6967, showing a 43.61% improvement from -¥1.2355 in 2020[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥363,492,061.76, a decrease of 28.41% from -¥507,765,112.39 in 2020[21]. - The company's total assets decreased by 16.36% from 2020 to 2021, amounting to ¥2,082,268,310.94[22]. - The net assets attributable to shareholders turned negative, dropping by 118.42% to -¥43,714,193.67 in 2021[22]. - The total transaction amount processed by the company in 2021 was 1,697.049 billion, a decrease of 44.15% compared to 2020[47]. - The company's revenue for 2021 was 1,360.2135 million, reflecting a year-on-year decline of 44.14%[48]. - The net profit attributable to the parent company for 2021 was 8.5385 million, with a net profit attributable to shareholders of 1.8434 million[48]. Business Operations - The company has not made any changes to its main business since its listing[20]. - The company is facing significant risks as outlined in the management discussion and analysis section of the report[6]. - The company has received an audit report with a disclaimer of opinion from Zhongxi CPA[6]. - The company has established 38 branches across various provinces and cities, covering the entire country[44]. - The company has developed a comprehensive service platform with strong project management capabilities in the specialized network communication sector[42]. - The company has applied for a total of 59 patents in the specialized network communication field, including 12 invention patents[42]. - The company has initiated a pilot program for digital RMB in collaboration with China Postal Savings Bank, distributing 3,333 digital RMB red packets during the promotional event[37]. - The company is focusing on the development of smart transportation systems, including intelligent traffic systems for highways and urban road monitoring systems, while expanding into new markets such as Inner Mongolia, Hebei, Yunnan, Zhejiang, and Guizhou[40]. Market Trends and Innovations - The number of bank accounts in China grew by 9.00% year-on-year, reaching 13.664 billion by the end of 2021[32]. - The transaction volume of bank cards in China increased by 30.52% in 2021, totaling 2,318.18 billion transactions[32]. - The digital RMB pilot program expanded to over 808.51 million scenarios by the end of 2021, with a total transaction amount of ¥875.65 billion[33]. - The demand for digital transformation among market entities surged, with a 15.9% increase in newly registered tax-related market entities in 2021[33]. - The company is committed to the digital transformation of small and micro businesses, providing comprehensive services through its subsidiary, Kaidianbao Technology[36]. - The company is actively involved in the development of smart grid technologies, emphasizing the importance of energy information security and industrial intelligence[39]. Financial Management and Cost Control - The company recorded a total operating cost of 1,523.06 million yuan, a decrease of 45.42% compared to the previous year[59]. - Total operating costs decreased by 45.42% to CNY 1,523,056,168.70 from CNY 2,790,672,077.49 year-on-year[63]. - Service fee costs accounted for 69.31% of total operating costs, totaling CNY 1,055,669,019.66, a decrease of 45.42% compared to CNY 1,934,042,288.60 in the previous year[63]. - Hardware costs decreased by 36.05% to CNY 330,635,472.69, representing 21.71% of total operating costs[63]. - Engineering costs saw a significant decline of 59.73%, amounting to CNY 136,751,676.35, which is 8.98% of total operating costs[63]. Shareholder and Governance - The company has committed to a three-year shareholder return plan for 2021-2023, indicating a focus on shareholder value[114]. - The company has established a performance evaluation and incentive mechanism for directors, supervisors, and senior management, ensuring transparency and compliance with legal regulations[110]. - The company maintains complete independence from its controlling shareholder in terms of assets, personnel, finance, organization, and business operations[110]. - The company has an independent financial department with a standardized accounting system and independent bank accounts, ensuring no shared accounts with the controlling shareholder[111]. - The company has established a sound internal management structure, ensuring independence from the controlling shareholder's influence[112]. Legal and Compliance Issues - The company is currently involved in a legal dispute with a claimed amount of CNY 4.92 million, with ongoing proceedings[192]. - The company has not experienced any bankruptcy restructuring matters during the reporting period[192]. - The company has not faced any delisting situations following the annual report disclosure[191]. - The company has not reported any incidents of insider trading or related investigations during the reporting period[168]. - The company has committed to ensuring the independence of its operations, stating that any violations would result in liability for losses incurred by the company[170]. Corporate Social Responsibility - The company actively fulfills social responsibilities and maintains good communication with investors through various channels[156]. - Employee rights are protected, with all employees covered by social insurance and housing funds, and regular health checks conducted[157]. - The company donated 20,000 masks, 5,000 pairs of gloves, and 500 sets of protective clothing to support local epidemic prevention efforts in Lanzhou[162]. - The company actively promoted its corporate culture of "love" and "responsibility" through various charitable donations, including 376 books and over a thousand clothing items to help local impoverished students[158]. Future Outlook - The company provided a revenue guidance of 1.8 billion RMB for the next fiscal year, expecting a growth rate of approximately 20%[121]. - New product launches are expected to contribute an additional 300 million RMB in revenue in the upcoming year[121]. - The company is considering strategic acquisitions to enhance its service offerings, with a budget of 500 million RMB allocated for potential deals[121]. - The management emphasized a focus on digital transformation, aiming to increase online sales by 30% in the next year[121]. - The company plans to enhance its customer service capabilities, with an investment of 50 million RMB in training and technology upgrades[121].

Financial Performance - The company's revenue for Q1 2022 was ¥299,526,037.72, a decrease of 56.06% compared to ¥681,608,608.26 in the same period last year[3] - The net profit attributable to shareholders was -¥20,762,617.23, representing a decline of 20.83% from -¥17,183,846.89 year-on-year[3] - The company's basic and diluted earnings per share were both -¥0.0528, down 20.82% from -¥0.0437 in the same period last year[3] - Total operating revenue for Q1 2022 was CNY 299.53 million, a decrease of 56.0% compared to CNY 681.61 million in the same period last year[16] - Net loss for Q1 2022 was CNY 31.81 million, compared to a net loss of CNY 7.40 million in Q1 2021, representing a significant increase in losses[17] Cash Flow - The net cash flow from operating activities improved to ¥76,757,823.82, a significant increase of 162.89% compared to -¥122,044,554.83 in the previous year[3] - The company reported a net cash inflow from operating activities of CNY 76.76 million, contrasting with a net outflow of CNY 122.04 million in the previous year[19] - The net cash flow from investing activities was -¥36,997,067.12, a 35.52% increase in outflow compared to -¥27,299,578.44 in the previous year[8] - The net cash flow from financing activities was -¥46,918,898.25, a significant decrease of 140.96% compared to an inflow of ¥114,545,166.57 in the same period last year[8] - The net increase in cash and cash equivalents for the period was -7,158,141.55 CNY, compared to -34,729,162.89 CNY in the previous period[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,067,918,846.19, a slight decrease of 0.69% from ¥2,082,268,310.94 at the end of the previous year[3] - The total current liabilities decreased from ¥1,000,000,000 to approximately ¥900,000,000, indicating a reduction in financial obligations[14] - Total liabilities as of the end of Q1 2022 amounted to CNY 2.06 billion, slightly up from CNY 2.04 billion at the end of the previous year[16] - The total non-current assets are valued at ¥768,792,080.49, a slight increase from ¥767,104,485.80[14] Shareholder Information - The total number of common shareholders at the end of the reporting period is 57,029[10] - The largest shareholder, Dalian Yongli Business Development Co., Ltd., holds 13.29% of shares, totaling 52,260,000 shares[10] - The top ten shareholders hold a significant portion of the company's equity, with the top three alone accounting for over 25% of total shares[10] Operating Costs and Expenses - Operating costs decreased by 53.17% to ¥268,581,559.07 from ¥573,511,742.83 year-on-year, primarily due to a decline in transaction volume[7] - Research and development expenses were reduced by 39.92% to ¥13,477,776.08 from ¥22,433,019.79, attributed to a decrease in R&D personnel compensation[7] - Total operating costs for Q1 2022 were CNY 334.64 million, down 51.0% from CNY 684.59 million year-on-year[16] - Research and development expenses for Q1 2022 were CNY 13.48 million, a decrease of 40.0% from CNY 22.43 million in the same period last year[16] Other Financial Metrics - The company recorded an investment income of CNY 1.28 million, compared to a loss of CNY 3.97 million in the same period last year[16] - The company reported a total of ¥185,404,908.57 in other receivables, up from ¥139,731,304.73, marking an increase of about 33%[13] - The company has a goodwill value of ¥297,238,525.77, unchanged from the previous period[14] - Cash received from sales of goods and services was CNY 379.59 million, down 40.8% from CNY 641.29 million in the same period last year[19] Audit Information - The company did not conduct an audit for the first quarter report[21]

Financial Performance - The company's operating revenue for Q3 2021 was ¥357,831,468.27, a decrease of 55.65% compared to the same period last year[2]. - The net profit attributable to shareholders was -¥39,715,732.20, representing a decline of 508.49% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥42,298,320.73, down 293.28% from the previous year[2]. - The company reported a 36.32% decrease in total operating revenue for the year-to-date period, totaling ¥1,572,608,057.96[9]. - Total operating revenue for the third quarter was ¥1,572,608,057.96, a decrease of 36.2% compared to ¥2,469,446,222.25 in the same period last year[20]. - The net loss for the quarter was ¥103,776,346.88, compared to a net loss of ¥26,645,519.03 in the previous year, representing a significant increase in losses[21]. - The company reported a total comprehensive loss of ¥104,621,676.29 for the quarter, compared to a loss of ¥27,027,170.94 in the previous year[22]. - Basic and diluted earnings per share were both -¥0.1978, compared to -¥0.0956 in the same period last year[22]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,241,036,726.75, a decrease of 9.98% from the end of the previous year[2]. - Total assets as of September 30, 2021, amounted to CNY 2,241,036,726.75, a decrease from CNY 2,489,474,527.24 at the end of 2020, reflecting a decline of approximately 9.93%[16]. - The company's total liabilities reached ¥2,023,392,396.52, a decrease from ¥2,150,475,194.75 in the previous year[21]. - Total liabilities amounted to CNY 2,150,475,194.75, with current liabilities at CNY 1,802,432,169.06[30]. - Non-current liabilities totaled CNY 348,043,025.69, including long-term borrowings of CNY 339,437,500.00[30]. - The total equity attributable to shareholders decreased to ¥157,500,648.84 from ¥237,339,867.47 year-on-year, reflecting a decline of 33.6%[21]. - The total equity of the company reached CNY 338,999,332.49[31]. Cash Flow - The cash flow from operating activities showed a net outflow of -¥159,099,302.42, a significant decline of 17,824.94% year-on-year[10]. - The net cash flow from operating activities for Q3 2021 was -159,099,302.42 CNY, compared to -887,586.29 CNY in Q3 2020, indicating a significant decline in operational cash flow[25]. - Total cash inflow from financing activities was 458,361,262.00 CNY, while cash outflow was 341,484,018.77 CNY, resulting in a net cash flow of 116,877,243.23 CNY for Q3 2021[26]. - The company incurred cash outflows of 67,723,990.30 CNY from investing activities, indicating a continued investment strategy despite negative cash flow[25]. - The company paid 31,665,560.91 CNY in dividends and interest during Q3 2021, reflecting its commitment to shareholder returns[26]. Shareholder Information - The company has a total of 32,884 common shareholders as of the reporting date[12]. - The total equity of the company is not explicitly stated but can be inferred from the total assets and liabilities[15]. Financial Adjustments and Standards - The company has adjusted its financial statements in accordance with new leasing standards, impacting the balance sheet figures[27]. - The company has not made any adjustments related to the new leasing standards for prior comparative data[31].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥1,214,776,589.69, a decrease of 26.94% compared to ¥1,662,684,042.86 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was a loss of ¥38,061,409.53, worsening by 22.64% from a loss of ¥31,036,305.98 in the previous year[21]. - The net cash flow from operating activities was negative at ¥136,978,669.25, a significant decline of 584.82% compared to a positive cash flow of ¥28,253,426.19 in the same period last year[21]. - The total assets at the end of the reporting period were ¥2,369,364,285.73, down 4.82% from ¥2,489,474,527.24 at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company decreased by 16.38% to ¥198,464,024.73 from ¥237,339,867.47 at the end of the previous year[21]. - The basic and diluted earnings per share were both -¥0.0968, reflecting a decrease of 22.69% from -¥0.0789 in the same period last year[21]. - The weighted average return on net assets was -17.50%, a decline of 12.90% compared to -4.60% in the previous year[21]. - The company achieved total revenue of 121,477.66 million CNY, a decrease of 26.94% year-on-year[40]. - The net profit attributable to shareholders was -3,806.14 million CNY, down 22.64% compared to the same period last year[40]. - The company reported a total revenue of 2,812.1 million for the first half of 2021, showing a significant increase compared to the previous year[98]. - The net loss for the first half of 2021 was approximately CNY 37.25 million, compared to a net loss of CNY 28.90 million in the same period of 2020, representing a 29% increase in losses[153]. - The total comprehensive loss for the first half of 2021 was approximately CNY 38.07 million, compared to a loss of CNY 28.36 million in the same period of 2020[154]. Cash Flow and Financing - The net cash flow from operating activities turned negative at -¥136,978,669.25, a decline of 584.82% compared to ¥28,253,426.19 in the previous year[48]. - The company reported a significant increase in financing cash flow, reaching ¥118,294,263.18, a 378.90% increase from -¥42,414,166.78 in the same period last year[48]. - Cash inflow from financing activities totaled 290,944,551.00 CNY, while cash outflow was 172,650,287.82 CNY, resulting in a net cash flow of 118,294,263.18 CNY[162]. - The company reported a cash and cash equivalents net decrease of 60,464,748.65 CNY for the first half of 2021[162]. - The company received 12,000,000.00 CNY in borrowings during the first half of 2021, compared to 34,160,000.00 CNY in the same period of 2020[162]. Operational Highlights - The company processed a total transaction amount of CNY 10,787.58 billion in its third-party payment business, a decrease of 45.52% compared to the first half of 2020[32]. - The company achieved an operating income of CNY 86,699.56 million in the first half of the year, a year-on-year decline of 35.54%[32]. - The company sold a total of 29.69 million MPOS payment terminals and 7.23 million POS payment terminals by the end of the reporting period[30]. - The company’s smart grid business achieved sales performance of CNY 185 million during the reporting period[37]. - The company’s smart transportation solutions generated sales of 173 million CNY during the reporting period[39]. - The company has increased its investment in power information security, industrial intelligence, and IoT projects, focusing on the new energy sector[37]. - The company is actively collaborating with banks on digital RMB operations, including a pilot program in Shanghai distributing digital RMB red packets[31]. Market and Strategic Initiatives - The company is focusing on expanding its market presence in provinces such as Inner Mongolia, Hebei, and Yunnan[39]. - The company aims to enhance its product and technology development strategy, moving from traditional integration to innovative solutions[39]. - The company is expanding its market presence by entering new regions, targeting a 15% increase in market share by the end of 2022[99]. - The company has initiated strategic partnerships to enhance its service capabilities and broaden its customer base[99]. - The company plans to optimize its capital structure and recover cash through dividends from its subsidiary, aiming to reduce the debt-to-asset ratio and financial risks[73]. Risks and Challenges - The company faced significant risks as outlined in the management discussion and analysis section, which investors are advised to review[5]. - The company faces significant risks from macroeconomic conditions and regulatory changes, particularly in the payment industry, which could adversely affect operations[70]. - The company emphasizes the need for continuous innovation and market analysis to maintain competitive advantages amid increasing market competition[70]. - The company has implemented strict merchant admission processes for its third-party payment business, including real-time monitoring systems to prevent fraud and ensure merchant authenticity[75]. Legal and Compliance Matters - The company is involved in several significant litigation cases, with the largest amount being 76.90 million yuan related to a share repurchase dispute[96]. - Another significant litigation case involves 63.36 million yuan concerning a financial loan dispute, which is currently under trial[96]. - The company has a pending arbitration case with an amount of 38.74 million yuan, which has been concluded with a ruling against the applicant[97]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[91]. - There were no violations regarding external guarantees during the reporting period[92]. - The semi-annual financial report has not been audited[93]. Shareholder and Equity Information - The total number of shares before the change was 393,120,000, with no new shares issued or other changes reported[127]. - The proportion of limited sale condition shares remains at 25.36%, while unrestricted shares account for 74.64% of the total[127]. - The company has not reported any changes in shareholding structure or significant shareholder movements during the reporting period[128]. - The largest shareholder, Dalian Yongli Business Development Co., Ltd., holds 13.29% of shares, totaling 52,260,000 shares[129]. - The new controlling shareholder is Dalian Yongli Business Development Co., Ltd., effective June 3, 2021[133]. - The actual controller of the company is Wang Yongbin, effective June 3, 2021[133]. Employee and Corporate Governance - The company emphasizes employee rights protection and has implemented various employee welfare programs[87]. - The company has achieved certification for its occupational health and safety management system, ensuring employee health and safety[87]. - The company has actively engaged in employee training and development to enhance skills and align with business needs[87]. - The company has established a comprehensive governance structure including a shareholders' meeting, board of directors, and supervisory board[192].

Financial Performance - The company's operating revenue for 2019 was CNY 4,201,004,150, representing a 7.13% increase compared to CNY 3,921,517,862 in 2018[18]. - The net profit attributable to shareholders of the listed company was a loss of CNY 171,195,259.6, a decrease of 250.36% from a profit of CNY 113,854,123.48 in 2018[18]. - The basic and diluted earnings per share were both -CNY 0.3774, a decline of 248.35% from CNY 0.2544 in 2018[18]. - The weighted average return on net assets was -19.32% at the end of 2019, down from 11.68% at the end of 2018, indicating a significant decline in profitability[18]. - The company reported a net profit attributable to shareholders of CNY 18,199,939.45 in Q1 2019, which decreased to a net loss of CNY 185,183,952.67 in Q4 2019[42]. - The company's net profit attributable to ordinary shareholders for 2019 was negative at RMB -148,345,871.43, resulting in no cash dividends being proposed[126]. Cash Flow and Assets - The net cash flow from operating activities decreased by 71.15%, amounting to CNY 246,929,891.93 compared to CNY 855,808,255.12 in the previous year[18]. - Total assets at the end of 2019 were CNY 3,071,760,281, reflecting a decrease of 2.93% from CNY 3,164,587,742 in 2018[19]. - The net cash flow from operating activities significantly dropped by 71.15% to ¥246,929,891.93 compared to the previous year[90]. - The total cash inflow from operating activities decreased by 2.52% to ¥4,785,167,244.46 compared to the previous year[90]. - The company's long-term equity investments decreased by 4.14% to 110,805,978.48 yuan, primarily due to significant impairments recognized from its joint venture[95]. Revenue Breakdown - Revenue from the third-party payment sector accounted for 85.09% of total revenue, amounting to ¥3.57 billion, up 7.69% from ¥3.32 billion in the previous year[76]. - The total revenue for the main business in 2018 was ¥3,921,517,862.11, with operating costs of ¥2,615,805,820.35 after adjustments[28]. - The total revenue for the main business in 2019 was ¥2,104,862,507.15, with operating costs of ¥1,582,458,764.30 after adjustments[22]. - The transportation sector saw a revenue increase of 21.72%, totaling ¥388.41 million, compared to ¥319.10 million in 2018[76]. Accounting Policies and Adjustments - The company has undergone an accounting policy change regarding the depreciation of POS machines, which has been reclassified from management expenses to operating costs[19]. - The adjustment in accounting policy resulted in an increase in operating costs from ¥1,545,468,686.84 to ¥1,582,458,764.30, reflecting an adjustment of ¥36,990,077.46[21]. - The company implemented new accounting policies starting January 1, 2019, including the expected credit loss model for financial asset impairment[140]. - The company adjusted the accounting treatment for POS machine depreciation from "management expenses" to "operating costs" effective January 1, 2019[140]. Investments and Acquisitions - The company acquired a 51% stake in QuanChengTao Information Technology Service Co., enhancing its capabilities in the SaaS service sector[48]. - The company invested 10 million yuan in a new generation technology platform, expected to launch in 2020, aimed at enhancing operational efficiency and growth potential[66]. - The company’s subsidiary Zhejiang Jifu acquired 51% of Quan Cheng Tao for a total consideration of 2,550,000 RMB[189]. Market Expansion and Strategy - The company is actively expanding into new markets, including Wuxi, Changzhou, Suzhou, Xiamen, Kunming, and Zhejiang, while securing contracts for projects like the Guangzhou Metro smart station[52]. - The company aims to enhance its financial technology business, which has shown significant support for revenue and profit, following the acquisition of a 45% stake in Shanghai Jifu[108]. - The company plans to accelerate its overseas expansion, particularly in Southeast Asia, aiming to enhance the capabilities of Singapore Jifu and increase market share in local operations[112]. Risk Management - The company faces significant risks as outlined in the report, which investors are advised to review carefully[6]. - The risk control system achieved a coverage rate of over 95% for monitoring risks such as counterfeit cards and fraud[61]. - The company emphasized internal control and risk management improvements, enhancing its operational resilience and governance standards[71]. Shareholder Commitments and Governance - The company has a three-year shareholder return plan (2018-2020) that it adheres to strictly[123]. - The company has committed to not reducing its shareholding in the listed company for a period of 60 months following the issuance of the commitment letter[128]. - The company has established a framework for managing potential conflicts of interest among its major shareholders and executives[132]. Research and Development - The company’s research and development expenses for 2017 remained at CNY 37,622,585.95, indicating a stable investment in innovation[38]. - Research and development expenses amounted to ¥117,077,779.52, a decrease of 6.32% year-on-year, representing 2.79% of operating revenue[88]. Corporate Social Responsibility - The company actively fulfilled its corporate social responsibilities, ensuring the protection of shareholder rights and employee welfare[176]. - The company did not conduct any precision poverty alleviation work during the reporting year and has no subsequent plans[177].

Financial Performance - The company's operating revenue for 2020 was ¥3,279,219,307.74, a decrease of 21.94% compared to ¥4,201,004,150.54 in 2019[19] - The net profit attributable to shareholders was -¥485,718,546.80, representing a decline of 227.42% from -¥148,345,871.43 in the previous year[19] - The net cash flow from operating activities decreased by 48.16% to ¥128,014,424.11 from ¥246,929,891.93 in 2019[19] - The total assets at the end of 2020 were ¥2,489,474,527.24, down 18.96% from ¥3,071,760,281.22 at the end of 2019[19] - The net assets attributable to shareholders decreased by 67.06% to ¥237,339,867.47 from ¥720,601,521.00 in 2019[19] - The basic earnings per share for 2020 was -¥1.2355, a decline of 227.37% compared to -¥0.3774 in 2019[19] - The weighted average return on net assets was -101.41%, down 82.09% from -19.32% in the previous year[19] - The company reported a significant increase in non-recurring losses, with the net profit after deducting non-recurring gains and losses at -¥507,765,112.39, a decrease of 196.60% from -¥171,195,259.62 in 2019[19] - The company faced uncertainty regarding its ability to continue as a going concern, as indicated by the negative net profit figures over the last three accounting years[19] - The company’s total revenue for the year was 2,434.9089 million yuan, a year-on-year decrease of 31.89%[47] - The net profit attributable to the parent company was -97.8179 million yuan, a year-on-year decrease of 132.67%[47] Revenue Breakdown - Revenue from the third-party payment sector was CNY 2,434,908,915.33, accounting for 74.25% of total revenue, down 31.89% from the previous year[55] - The company experienced a significant drop in revenue from acquiring services, which totaled CNY 2,298,538,623.02, representing a 34.65% decrease[59] - The transportation sector saw a revenue increase of 45.39%, reaching CNY 564,702,203.92, while the electric power sector grew by 17.59% to CNY 277,186,373.36[55] Operational Highlights - The company is focusing on digital transformation for small and micro businesses, leveraging technology and data capabilities to enhance operational efficiency[29] - The company is actively advancing its business in the power industry, focusing on information security, IoT, and industrial intelligence, leveraging over 20 years of experience in specialized communication technology services[34] - The company has developed the "Unmanned Substation Intelligent Operation and Maintenance System V6" and "Substation Intelligent Gateway System V1.1," both certified by Huawei, promoting smart substation products and AIoT integrated solutions[34] - The company is committed to integrating the latest communication technologies into the energy and transportation sectors, ensuring tailored solutions for clients[40] - The company is focusing on optimizing payment service experiences and innovating market services to better serve small and micro businesses in various industries[95] Investment and Acquisitions - The company completed the acquisition of a 30% stake in Singapore-based POS service provider Ezy Net Pte Ltd, expanding its presence in Southeast Asia[46] - The company invested RMB 40 million to establish a new subsidiary, Yalian Data Technology (Hangzhou) Co., Ltd., holding a 40% stake[162] - The company applied for a digital wholesale banking license in Singapore, intending to invest SGD 20 million, but the application was not approved[164] - The company terminated its investment in Qiaoda International Limited due to changes in operational conditions, with no disputes arising from the termination[167] Risk Management - The company implemented internal control training and improved governance structures to enhance risk management capabilities[51] - The company is implementing strict merchant entry processes to mitigate risks associated with third-party payment operations[102] - The company is enhancing its internal control and management to reduce operational risks as it scales its business[101] - The company is focusing on optimizing its capital structure to lower financial risks associated with high debt levels[101] Corporate Governance - The company has a complete decision-making process for cash dividends, with independent directors fulfilling their responsibilities effectively[106] - The company has committed to not engaging in any activities that may harm the interests of the company and its subsidiaries[112] - The company has established a framework to ensure that all related party transactions are conducted at arm's length[113] - The company is focused on maintaining the integrity of its financial practices and protecting shareholder interests[113] Social Responsibility - The company actively fulfilled its social responsibilities, ensuring the protection of shareholders, employees, suppliers, customers, and consumers' rights[154] - During the pandemic in February 2020, the company participated in donation activities, providing over RMB 1 million worth of medical supplies, including 1,600 sets of protective clothing and 20,000 medical masks[156] - The company made cash donations totaling RMB 647,200 to local governments in Henan and Fujian provinces[156] Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25% based on new product launches and market expansion strategies[199] - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[197] - Future guidance indicates a focus on sustainable practices, with a commitment to reducing carbon emissions by 30% over the next five years[198]

Financial Performance - The company's operating revenue for Q1 2021 was ¥681,608,608.26, a decrease of 5.65% compared to ¥722,455,374.87 in the same period last year[9] - The net profit attributable to shareholders was a loss of ¥17,183,846.89, an improvement of 45.62% from a loss of ¥31,600,959.44 in the previous year[9] - The net cash flow from operating activities was negative at ¥122,044,554.83, a decline of 253.55% compared to a negative cash flow of ¥34,519,674.01 in the same period last year[9] - The basic earnings per share improved to -¥0.0437, a 45.65% increase from -¥0.0804 in the same period last year[9] - The net profit for the current period is a loss of ¥20,821,903.89, compared to a loss of ¥12,997,994.83 in the previous period, reflecting a worsening financial position[51] - The net loss for Q1 2021 was ¥7,399,841.26, an improvement from a net loss of ¥40,960,254.74 in Q1 2020[46] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,472,810,201.95, a decrease of 0.67% from ¥2,489,474,527.24 at the end of the previous year[9] - The total liabilities decreased to ¥1,377,822,747.37 from ¥1,381,360,526.18, indicating a reduction in financial obligations[42] - The company's total liabilities were CNY 2,142,947,179.73, slightly down from CNY 2,150,475,194.75, showing a decrease of approximately 0.3%[38] - The total equity attributable to shareholders decreased to CNY 220,090,884.49 from CNY 237,339,867.47, a decline of about 7.3%[39] - The total cash and cash equivalents at the end of Q1 2021 stood at 6,954,525.69 CNY, a decrease from 40,941,765.00 CNY at the beginning of the period[57] Cash Flow - Cash flow from operating activities showed a significant decline of 253.55%, amounting to -¥122,044,554.83, mainly due to prepayments to suppliers[20] - The total cash flow from operating activities is a net outflow of ¥122,044,554.83, compared to a net outflow of ¥34,519,674.01 in the previous period[53] - The net cash flow from financing activities increased by 754.96% to ¥114,545,166.57, driven by fundraising activities at the subsidiary Kaidianbao Technology[20] - The net cash flow from financing activities was -22,767,873.66 CNY in Q1 2021, compared to -9,306,844.79 CNY in Q1 2020, reflecting increased financing costs[57] Operational Metrics - Sales expenses decreased by 51.09% to ¥4,715,862.03 due to a decline in offline transaction volume at the subsidiary Kaidianbao Technology[18] - Other income fell by 55.23% to ¥5,428,418.41, primarily due to a reduction in government subsidies received compared to the previous year[18] - Investment income loss increased by 55.18% to -¥3,973,279.48, attributed to higher investment losses in joint ventures and associates[18] - Operating profit improved significantly, with a loss of -¥4,495,715.77, marking an 87.15% recovery compared to the previous year's loss[18] Shareholder Information - The company had a total of 32,897 common shareholders at the end of the reporting period[12] - The company reported a net loss of CNY 404,486,364.25, worsening from a loss of CNY 387,302,517.35 in the previous period[39] Legal and Compliance - The company is involved in ongoing litigation related to its equity investments, with 34 cases pending, involving a total amount of ¥391.34 million[26] - There were no violations regarding external guarantees or non-operating fund occupation by major shareholders during the reporting period[30][31] Future Outlook and Strategic Plans - The company plans to sell a property in Dongguan for a total of ¥48.9 million, covering an area of 4,076.87 square meters, but the transaction has not yet been completed[25] - The company has not disclosed any future outlook or performance guidance[64][65] - No information on mergers or acquisitions is present in the content[64][65] Miscellaneous - The report was released on April 27, 2021[65] - The first quarter report has not been audited[64] - The company has not engaged in any securities or derivative investments during the reporting period[27][28] - The company has not provided any specific financial performance metrics in the available documents[64][65] - No information on user data or market expansion strategies is available in the provided content[64][65] - There are no details regarding new product or technology development in the documents[64][65]

Financial Performance - Operating revenue for the reporting period was CNY 806,762,179.39, down 21.89% year-on-year[9] - Net profit attributable to shareholders of the listed company was a loss of CNY 6,526,980.39, a decline of 834.47% compared to the same period last year[9] - Basic earnings per share were CNY -0.0166, down 822.22% compared to the same period last year[9] - Cumulative net profit for the year is expected to be a loss of 260 million yuan, a decrease of 75.27% compared to the previous year[26] - Basic earnings per share are expected to be -0.6614 yuan, a decrease of 75.25% compared to the previous year[26] - The net profit for Q3 2020 was ¥2,254,254.92, a significant decline from ¥30,205,814.99 in the previous year, indicating a drop of about 92%[46] - The company reported a basic and diluted earnings per share of -¥0.0166, compared to -¥0.0018 in the same quarter last year[47] - The company reported a total comprehensive loss of -¥27,027,170.94 for Q3 2020, compared to a comprehensive income of ¥171,304,110.70 in Q3 2019[54] - The total comprehensive income for the current period is ¥-44,682,264.23, compared to ¥-59,258,615.49 in the previous period, reflecting an improvement of approximately 24.7%[57] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,017,977,343.77, a decrease of 1.75% compared to the end of the previous year[9] - Total liabilities decreased to CNY 2,142,441,647.18 from CNY 2,182,527,408.90, a reduction of approximately 1.83%[38] - Current assets totaled CNY 1,587,520,571.83, slightly increasing from CNY 1,538,615,067.22, representing a growth of about 3.88%[36] - Total liabilities reached CNY 1,394,768,770.42, including current liabilities of CNY 1,069,268,770.42 and non-current liabilities of CNY 325,500,000.00[72] - The company's equity attributable to shareholders decreased to CNY 682,515,561.37 from CNY 720,601,521.00, a decline of about 5.28%[39] - The total equity decreased to ¥587,909,159.13 from ¥632,591,423.36, reflecting a decline of about 7%[42] - The company’s total liabilities to equity ratio stands at approximately 2.20, indicating a leveraged position[72] Cash Flow - The net cash flow from operating activities was a negative CNY 29,141,012.48, a decrease of 276.71% year-on-year[9] - Cash flow from financing activities increased by 116.47 million yuan, an increase of 139.34%, mainly due to reduced payments of discounted bills in the previous year[20] - Cash flow from operating activities shows a net outflow of ¥887,586.29, a significant decline from a net inflow of ¥234,245,943.86 in the previous period[60] - Cash inflow from financing activities was 518,298,483.80, down 24.1% from 682,299,665.73 in the previous period[63] - The net cash flow from financing activities was 35,452,071.73, a turnaround from -37,963,917.34 in the previous period[63] Shareholder Information - The total number of shareholders at the end of the reporting period was 30,156[13] - The top ten shareholders held a total of 78,000,000 shares, representing 19.84% of the company[13] Operational Efficiency - The company is focusing on cost control and efficiency improvements to enhance profitability in future quarters[52] - Operating costs decreased to ¥205,787,057.45 from ¥225,992,766.22, reflecting a reduction of about 8.9%[56] - The total operating costs amounted to ¥799,216,173.22, down from ¥962,720,147.05, reflecting a reduction of approximately 17%[45] - Research and development expenses were ¥23,243,047.11, down from ¥29,209,958.45, indicating a decrease of approximately 20%[45] - Research and development expenses for Q3 2020 were ¥66,179,147.34, a decrease of 16.6% from ¥79,361,419.73 in Q3 2019[53] Investment and Other Income - Non-operating income for the year-to-date was CNY 13,309,269.25, primarily from government subsidies and asset disposals[10] - Investment income decreased by 8.39 million yuan, a decline of 1536.95%, mainly due to increased investment losses from joint ventures[18] - Other income increased by 10.68 million yuan, an increase of 53.18%, mainly due to increased government subsidies received during the pandemic[18]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥1,662,684,042.86, a decrease of 20.75% compared to ¥2,098,064,508.97 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was a loss of ¥31,036,305.98, representing a decline of 182.68% from a profit of ¥37,536,549.69 in the previous year[17]. - The net cash flow from operating activities was ¥28,253,426.19, down 87.03% from ¥217,755,130.13 in the same period last year[17]. - The basic earnings per share were -¥0.0789, a decrease of 182.62% compared to ¥0.0955 in the previous year[17]. - Total assets at the end of the reporting period were ¥3,043,521,583.23, a decrease of 0.92% from ¥3,071,760,281.22 at the end of the previous year[17]. - The net assets attributable to shareholders of the listed company were ¥689,584,782.84, down 4.30% from ¥720,601,521.00 at the end of the previous year[17]. - The company achieved total operating revenue of CNY 166,268.40 million in the first half of 2020, a decrease of 21.01% year-on-year[48]. - The net profit attributable to shareholders was CNY -3,103.63 million, a decline of 182.68% compared to the same period last year[48]. - The total comprehensive income for the first half of 2020 was a loss of ¥28,357,555.51, compared to a comprehensive income of ¥138,783,476.55 in the first half of 2019[168]. - The company reported a net loss of 522.6 million in the current period, compared to a profit in the previous period[183]. Operational Challenges - The company is facing significant operational challenges, as indicated by the substantial declines in revenue and profit metrics[17]. - The decline in performance is primarily attributed to the impact of the pandemic, which led to a decrease in transaction volume for the main revenue source, the Kaidianbao technology[82]. - Operating cash flow decreased by 87.03% year-on-year, primarily due to a decline in gross profit margin from offline transaction services[58]. - The company anticipates improved profitability starting in the third quarter due to policy adjustments and cost reduction measures as the pandemic situation gradually improves[82]. Strategic Focus - The company is focusing on a strategic upgrade to enhance its smart business capabilities, leveraging technology and big data to empower small and micro businesses[32]. - The company aims to create a "technology + payment + finance" model to address pain points in the third-party payment industry[34]. - The company is focusing on enhancing project execution capabilities and customer satisfaction while transitioning from traditional engineering integration to product and technology development[54]. - The company is focusing on enhancing its product offerings and exploring potential mergers and acquisitions to drive growth[183]. Market Presence and Expansion - The company is expanding its market presence in provinces such as Henan, Shandong, Yunnan, Anhui, and Hubei, in addition to consolidating its projects in Jiangsu and Shaanxi[54]. - The company completed the acquisition of a 30% stake in Singapore-based POS service provider Ezy Net Pte Ltd, enhancing its presence in Southeast Asia[49]. - The company has established itself as a service provider for private network communication solutions, emphasizing customized solutions and high-quality services[41]. Risk Management - The company emphasizes the importance of monitoring investment risks related to its future development plans[5]. - The company faces risks from a tightening regulatory environment in the mobile payment industry, which could impact operational performance if adverse changes occur[83]. - Increased competition in the third-party payment sector poses a risk, as the market dynamics shift with the rise of cardless payment methods and the entry of numerous competitors[85]. - The company has implemented a robust risk management system for its third-party payment business to prevent fraud and ensure compliance with regulatory standards[88]. Legal and Compliance - The company reported a significant litigation case involving a total amount of 7,690.22 million yuan related to a stock repurchase dispute, currently under trial[97]. - Another ongoing litigation involves a loan dispute with an amount of 3,864.26 million yuan, which is also under review and has no expected liabilities[98]. - There were no penalties or rectification measures taken against the company during the reporting period[101]. Shareholder Information - The total number of shares after the recent changes is 393,120,000, with 25.36% being restricted shares and 74.64% being unrestricted shares[137]. - The largest shareholder, Jiaxing Qiande Jingyi Investment Partnership, holds 19.84% of the shares, totaling 78,000,000 shares, with 56,360,000 shares pledged[140]. - The total number of ordinary shareholders at the end of the reporting period was 31,771[140]. Cash Flow and Financial Position - Cash and cash equivalents decreased to approximately ¥477.78 million, down 2.20% from the previous year[68]. - The net cash flow from investing activities was -CNY 47,858,852.24, an improvement from -CNY 231,496,943.27 in the first half of 2019[176]. - Cash inflow from financing activities totaled CNY 338,624,833.36, down 25% from CNY 451,215,642.78 in the same period last year[176]. - The total liabilities at the end of the period amount to 1,700 million, indicating a stable financial position despite the losses[184].

第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 2020-030 深圳亚联发展科技股份有限公司 2020 年第一季度报告全文 2020 年 04 月 深圳亚联发展科技股份有限公司 1 2020 年第一季度报告 深圳亚联发展科技股份有限公司 2020 年第一季度报告全文 所有董事均已出席了审议本次季报的董事会会议。 公司负责人王永彬、主管会计工作负责人陈道军及会计机构负责人(会计主 管人员)司红娟声明：保证季度报告中财务报表的真实、准确、完整。 2 深圳亚联发展科技股份有限公司 2020 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 √ 是 □ 否 追溯调整或重述原因 会计政策变更 | | 本报告期 | 上年同期 | | 本报告期比上年同 | | --- | --- | --- | --- | --- | | | | | | 期增减 | | | | 调整前 | 调整后 | 调整后 | | 营业收入（元） | 722,455, ...