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[17] - The net profit attributable to shareholders was a loss of CNY 148,345,871.4, a decline of 248.31% from a profit of CNY 100,026,434.62 in the previous year[17] - The net cash flow from operating activities decreased by 71.15% to CNY 246,929,891.93, down from CNY 855,808,255.12 in 2018[17] - Basic and diluted earnings per share were both CNY -0.3774, a decrease of 248.35% from CNY 0.2544 in 2018[17] - The total revenue for the first half of 2019 was reported at ¥2,104,862,507.15, with operating costs adjusted to ¥1,582,458,764.30[21] - The company reported a total operating income of CNY 1,070,112,478.50 in Q4 2019, with a net profit attributable to shareholders of CNY -185,183,952.67[41] - The company achieved total revenue of CNY 4,208.46 million in 2019, representing a year-on-year growth of 6.99%[63] - The net profit attributable to shareholders was CNY -148.35 million, a decline of 248.31% compared to the previous year[63] - The total transaction amount processed by the third-party payment business reached CNY 4,149.33 billion, marking a year-on-year increase of 20.96%[63] Assets and Liabilities - The 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 at the end of 2018[18] - The net assets attributable to shareholders decreased by 18.07% to CNY 720,601,521 from CNY 879,565,903.40 in 2018[18] - The company's long-term equity investments decreased by 4.14% due to significant impairment losses recognized from its investment in Shenzhen Yinghua Microfinance Co., Ltd.[94] - The company’s short-term borrowings decreased by 2.85% as a result of repaying a significant portion of its short-term debt[94] - Total liabilities reached CNY 2,247,294,518.25, with current liabilities at CNY 1,892,817,213.72[145] Accounting Policies and Changes - The company has undergone an accounting policy change regarding the depreciation of POS machines, moving it from management expenses to operating costs[18] - 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[20] - Management expenses were adjusted from ¥238,861,933.51 to ¥201,871,856.05, a decrease of ¥36,990,077.46[20] - The company implemented new financial instrument accounting standards starting January 1, 2019, which changed the measurement of financial asset impairment from "incurred loss model" to "expected credit loss model"[139] - The company adjusted the accounting treatment of POS machine depreciation from "management expenses" to "operating costs" effective January 1, 2019, to better reflect business operations[139] Market and Business 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[51] - The company’s financial technology business is evolving to integrate payment systems with various trade and application scenarios, aiming to improve efficiency and risk control[46] - The company aims to empower small and micro merchants through third-party payment services, enhancing their operational capabilities with a comprehensive service ecosystem[108] - The company plans to accelerate its overseas expansion, particularly in Southeast Asia, with Singapore as a hub to enhance its market presence and competitiveness[111] - The company is focusing on expanding its market presence in new regions, including Wuxi, Changzhou, and Xiamen, to enhance its service capabilities[68] Risk Management - The company faces significant risks as outlined in the report, which investors are advised to consider[5] - Future development plans are mentioned but are not guaranteed commitments to investors, highlighting the importance of assessing investment risks[5] - The company established a risk control ecosystem with a coverage rate of over 95% for monitoring risks such as card fraud and unauthorized transactions[60] - The company recognizes the operational risks in its third-party payment business, particularly regarding merchant verification and transaction monitoring[116] - The company implemented a strict merchant admission process, including unique regional codes and on-site registration to verify merchant authenticity[118] Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares for the year[6] - The company has a three-year shareholder return plan (2018-2020) that it adheres to strictly[122] - The company has committed to not reducing shareholdings for 60 months following the issuance of commitment letters[127] - The company has established a goodwill of 859 million yuan, accounting for 27.95% of total assets, which poses a risk of impairment if market conditions deteriorate[115] - The company has committed to ensuring that its controlling entities do not engage in competitive business activities that could harm the interests of the company and its shareholders[131] Research and Development - The company’s R&D expenses for 2017 were CNY 37,622,585.95, with total management expenses adjusted to CNY 174,151,528.01 after a reduction of CNY 5,468,480.04[37] - Research and development expenses were ¥117,077,779.52, a decrease of 6.32% from the previous year, representing 2.79% of total revenue[87] - The company plans to implement new marketing strategies, which are anticipated to improve customer engagement by 15%[132] - Research and development investments increased by 30%, totaling 150 million RMB, aimed at advancing product innovation[132] Compliance and Legal Matters - The company has not engaged in any major related party transactions during the reporting period[159] - The company has no significant litigation or arbitration matters that would impact its financial position[154] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[138] - The company has established a framework for compensating any losses incurred due to false or misleading information provided during transactions[134] Customer and Market Engagement - The company actively communicated with investors through various channels, ensuring the protection of shareholders' rights[175] - The company has established a multi-dimensional fraud prevention mechanism that includes real-time monitoring and dynamic rule adjustments[118] - The company has committed to maintaining transparency and accountability in its financial reporting and disclosures[134]

Financial Performance - Total revenue for the reporting period reached CNY 1,032,827,163.07, a decrease of 5.62% compared to the same period last year[9] - Net profit attributable to shareholders was CNY -698,468.4, representing a decline of 102.84% year-on-year[9] - The company reported a basic earnings per share of CNY -0.0018, a decrease of 102.88% compared to the same period last year[9] - Net profit for Q3 2019 was approximately ¥30.21 million, down 54.83% from ¥66.95 million in Q3 2018[50] - The company’s total revenue for the year-to-date was ¥3,138,342,742.14, an increase of 14.0% from ¥2,754,945,119.02 in the previous year[57] - The net profit for the year-to-date was ¥168,458,773.01, down from ¥208,526,482.36 in the previous year, reflecting a decrease of 19.2%[58] - The company reported a net profit increase, with retained earnings rising to CNY 283,599,982.12 from CNY 252,658,700.88, an increase of approximately 12%[43] Cash Flow and Liquidity - Net cash flow from operating activities was CNY 16,490,813, down 91.59% compared to the previous year[9] - The company's cash and cash equivalents increased by CNY 198.14 million, a growth of 45.75% compared to the beginning of the period, mainly due to an increase in settlement reserves[20] - The net cash flow from operating activities decreased by 625.82% year-on-year, amounting to a reduction of 395.73 million yuan, primarily due to increased payments to employees and a decline in gross profit margin[23] - The net cash flow from financing activities increased by 86.99% year-on-year, totaling an increase of 558.81 million yuan, mainly due to the repayment of bank loans in the previous year and profit distribution by Shanghai Jifu[23] - The total cash inflow from operating activities was ¥3,789,191,674.81, an increase from ¥3,098,377,702.83 in the previous period[66] - Cash and cash equivalents at the end of the period totaled ¥159,086,783.81, down from ¥215,677,555.47, a decline of 26.18%[67] Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 3,308,632,880.35, an increase of 4.55% from the beginning of the year[9] - Total current assets increased to CNY 1,545,250,317.54 as of September 30, 2019, up from CNY 1,405,278,388.80 at the end of 2018, representing a growth of approximately 10%[41] - Total liabilities decreased to CNY 2,207,336,221.45 from CNY 2,247,294,518.25, reflecting a reduction of about 2%[42] - The company’s total liabilities amounted to approximately ¥1,384.82 million, a slight decrease from ¥1,401.24 million in the previous year[48] - The company’s total assets were approximately ¥2,187.44 million, a decrease from ¥2,269.02 million year-on-year[48] - Total equity was reported at CNY 867.78 million, with retained earnings of CNY 186.81 million[80] Investments and Expenses - Research and development expenses increased by CNY 35.21 million, a growth of 79.74%, reflecting higher R&D investments compared to the previous year[21] - Research and development expenses for Q3 2019 were approximately ¥29.21 million, an increase from ¥17.23 million in the same period last year[49] - The company reported a significant increase in research and development expenses year-to-date, totaling ¥79,361,419.73, up from ¥44,152,418.42 in the previous year, representing an increase of 79.8%[58] - Sales expenses decreased by CNY 88.26 million, a reduction of 45.96%, mainly due to decreased hardware sales leading to lower rebates[21] - The company reported a decrease in sales expenses, which were approximately ¥16.79 million compared to ¥97.31 million in the previous year[49] Shareholder and Corporate Actions - The company plans to issue up to 20% of its total shares, approximately 7,862,400 shares, to strengthen its control over Shanghai Jifu and optimize its capital structure[30] - The company completed the registration of its joint venture PT CANDYPAY GLOBAL UTAMA in Indonesia on June 26, 2019, with shareholders contributing 50% of the initial capital as of September 30, 2019[28] - The company’s major shareholder, Wang Yanming, reduced her holdings by 249,900 shares, representing 0.063568% of the total share capital, leaving her with 19,295,224 shares, or 4.91% of the total[25] - The company has no violations regarding external guarantees during the reporting period[33] - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[34] Accounting and Compliance - The company implemented a change in accounting policy regarding the depreciation of POS machines, affecting the classification of expenses but not impacting net profit[10] - The financial report reflects the implementation of new financial instrument standards starting in 2019[81] - The report does not indicate any adjustments or significant changes in accounting policies[80] - The company has not undergone an audit for the third quarter report[81]

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 2,098,064,508.97, representing a 27.00% increase compared to CNY 1,651,971,101.86 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was CNY 37,536,549.69, a 3.54% increase from CNY 36,253,732.37 year-on-year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 5.23% to CNY 27,708,741.66 from CNY 29,238,321.62 in the previous year[19]. - The net cash flow from operating activities was CNY 217,755,130.13, down 49.82% from CNY 433,930,807.97 in the same period last year[19]. - Total assets at the end of the reporting period were CNY 3,449,980,097.63, an increase of 9.02% from CNY 3,164,587,742.78 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company increased by 3.66% to CNY 911,736,171.62 from CNY 879,565,903.40 at the end of the previous year[19]. - The basic earnings per share for the reporting period was CNY 0.0955, up 3.58% from CNY 0.0922 in the same period last year[19]. - The company achieved total revenue of RMB 2,104.86 million, a year-on-year increase of 27%[50]. - Net profit attributable to shareholders was RMB 37.54 million, up 3.54% compared to the same period last year[50]. Market Expansion and Contracts - The company secured contracts in the urban rail transit sector, including a project in Kunming worth approximately ¥77.35 million and another in Wuxi worth ¥26.10 million[30]. - The company is actively expanding its market presence in the highway sector, winning contracts in multiple provinces, including a project in Hebei worth approximately ¥17.84 million[31]. - The smart transportation market in China is projected to grow from ¥81.5 billion in 2019 to ¥159 billion by 2023, with a compound annual growth rate of approximately 18.18%[32]. - The company secured contracts in the rail transit sector, including a RMB 26.10 million project for the Wuxi Metro Line 4 communication system[45]. - In the financial technology sector, the company expanded its services to 12.08 million registered small and micro merchants, with a total of 24.19 million MPOS terminals sold[47]. Research and Development - Research and development expenses increased by 90.85% to RMB 50.15 million, reflecting a commitment to innovation[52]. - The company has applied for a total of 42 patents, including 12 invention patents, 24 utility model patents, and 6 design patents, demonstrating its commitment to innovation and technology development[38]. - The company specializes in providing information communication technology solutions primarily for the energy and transportation sectors, including software and hardware development[169]. - The company is engaged in research and development of communication systems and technologies, which is crucial for its market expansion strategy[169]. Subsidiaries and Investments - The company’s subsidiary, Shanghai Jifu, is one of 33 third-party payment institutions with national bank card acquiring qualifications, focusing on providing services to small and micro businesses[33]. - The company’s subsidiary, Shanghai Jifu, achieved original premium income of CNY 492.1101 million in the first half of 2019, with a cumulative original premium income of CNY 943.1823 million by the end of the reporting period[35]. - The company formed a new subsidiary, Shenzhen Yalian Information Technology Service Co., Ltd., during the reporting period, with no significant impact on overall operations[70]. - The company made strategic acquisitions, including a 51% stake in All City Toad Information Technology Service Co., enhancing its B-end ecosystem[48]. - The company approved the use of up to RMB 300 million for financial investments, with individual investment products not exceeding 12 months in duration[112]. Financial Position and Risks - The company's total equity increased to CNY 1,067,615,868.08, up from CNY 917,293,224.53, reflecting a growth of 16.38%[135]. - The company faces risks related to macroeconomic conditions and regulatory changes that could impact its third-party payment business[71]. - The competitive landscape in the communication market has fundamentally changed, increasing pressure on the company to maintain its competitive advantages[72]. - The company has goodwill amounting to ¥859 million, which constitutes 24.88% of total assets, posing a risk of impairment[72]. - The company is focused on optimizing its capital structure and reducing financial risks associated with high debt levels[73]. Cash Flow and Investments - The total cash inflow from financing activities amounted to 345,059,858.99 CNY, while the outflow was 444,764,965.55 CNY, resulting in a net cash flow of -99,705,106.56 CNY[153]. - The cash inflow from loans received was 89,330,000.00 CNY, contributing to the financing activities[153]. - The company reported cash inflows from financing activities of CNY 451.22 million in the first half of 2019, compared to CNY 99.35 million in the same period of 2018, showing a substantial increase[150]. - The cash outflows from investing activities in the first half of 2019 totaled CNY 251.10 million, compared to CNY 801.10 million in the same period of 2018, indicating a reduction in investment spending[150]. Shareholder Information - The total number of shares outstanding is 393,120,000, with 25.36% being restricted shares and 74.64% being unrestricted shares[116]. - The largest shareholder, Jiaxing Qiande Jingyi Investment Partnership, holds 19.84% of shares, totaling 78,000,000 shares[118]. - Shareholder Wang Yanming, holding 5% of the company's shares, plans to reduce her holdings by 393,120 shares, representing 0.10% of the total share capital[109]. - The company has no stock incentive plans or employee shareholding plans in place during the reporting period[89]. Legal and Compliance - The semi-annual financial report has not been audited[82]. - There were no significant litigation or arbitration matters during the reporting period[84]. - The company has no significant legal disputes that would impact its financial performance, with ongoing cases having no major influence[85]. - There were no penalties or corrective actions taken against the company during the reporting period[87]. Future Outlook - The company plans to enhance its market expansion strategies and invest in new product development to drive future growth[160]. - The company has identified potential areas for mergers and acquisitions to strengthen its market position and diversify its offerings[160]. - The company aims to improve its operational efficiency and reduce costs in response to the current financial challenges[160].

Financial Performance - The company's operating revenue for Q1 2019 was ¥947,582,496.65, representing a 35.89% increase compared to ¥697,318,554.83 in the same period last year[9] - The net profit attributable to shareholders was ¥18,199,939.45, a 4.35% increase from ¥17,440,900.88 year-on-year[9] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 25.61% to ¥13,381,692.33 from ¥17,988,601.15 in the previous year[9] - The basic earnings per share for the period was ¥0.0463, up 4.28% from ¥0.0444 in the same period last year[9] - The diluted earnings per share also stood at ¥0.0463, reflecting the same 4.28% increase[9] - The company reported a significant increase in investment income, which rose by 209.82% to ¥2,334,660.65 from ¥753,555.30 in the previous year[19] - The company reported a total comprehensive income of CNY 66,997,572.72 for Q1 2019, compared to CNY 71,067,024.27 in Q1 2018[48] - The net profit for Q1 2019 was CNY 68,810,414, slightly down from CNY 70,278,300 in Q1 2018, representing a decrease of approximately 2%[47] - The company reported a total equity of CNY 917,293,224.53, consistent across the reporting periods[61] Cash Flow and Liquidity - The net cash flow from operating activities was ¥48,663,286.13, down 65.70% from ¥141,889,068.43 in the same period last year[9] - Cash generated from operating activities decreased by 65.70% to ¥48,663,286.13, down from ¥141,889,068.43, mainly due to higher operational payments[22] - Cash and cash equivalents decreased to CNY 346,640,412.51 from CNY 433,092,568.64, a drop of approximately 20.0%[36] - Cash and cash equivalents at the end of the period totaled 142,874,378.30 CNY, down from 253,002,514.06 CNY at the end of the previous year, a decrease of about 43.5%[55] - The company received 618,856.75 CNY in tax refunds, compared to 2,568,306.84 CNY in the same period last year, indicating a decrease of about 76.1%[54] - Operating cash inflow for Q1 2019 was CNY 222,038,495.43, a decrease of 21.9% from CNY 284,348,952.47 in the previous period[56] - Net cash flow from operating activities was CNY 26,636,549.30, down 57.0% from CNY 61,975,542.82 year-on-year[56] - Cash inflow from financing activities totaled CNY 283,309,832.00, an increase of 157.5% compared to CNY 110,277,054.99 in the prior period[57] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,077,734,167.00, a decrease of 2.74% from ¥3,164,587,742.78 at the end of the previous year[9] - Total current assets decreased to CNY 1,251,166,530.54 from CNY 1,405,278,388.80, a decline of approximately 10.9%[37] - Total liabilities decreased to CNY 2,092,819,416.02 from CNY 2,247,294,518.25, a decrease of approximately 6.9%[38] - Total liabilities amounted to CNY 2,247,294,518.25, with no change reported[61] - The company has long-term borrowings of CNY 325,500,000.00, indicating reliance on debt financing[64] Operational Efficiency - Operating costs increased by 44.82% to ¥652,100,983.36, up from ¥450,286,198.39, primarily due to the growth in operating revenue[19] - Research and development expenses for Q1 2019 were CNY 25,932,452.20, compared to CNY 24,362,727.90 in Q1 2018, indicating a 6.5% increase[45] - The company continues to focus on market expansion and product development, as indicated by the increase in R&D expenses[45] Investments and Acquisitions - The company executed a capital increase in its wholly-owned subsidiary, Singapore JFPAL Investment Management PTE.LTD., investing $1 million to acquire shares in Indonesian PT. E2PAY GLOBAL UTAMA[26] - The company completed the acquisition of a 51% stake in All City Taobao Information Technology Service Co., Ltd. for a total consideration of ¥2,550,000[27] Non-Recurring Items - The company reported non-recurring gains and losses totaling ¥4,818,247.12 for the period[10] - The company reported a decrease in prepaid expenses to CNY 210,710,537.20 from CNY 115,441,021.07, an increase of approximately 82.5%[36] Financial Reporting and Reliability - The report for the first quarter is unaudited, which may affect the reliability of the financial data presented[65]

Financial Performance - The company's operating revenue for 2018 was CNY 3,921,517,862, representing a 279.20% increase compared to CNY 1,034,143,769 in 2017[18]. - The net profit attributable to shareholders for 2018 was CNY 100,026,434.62, a significant increase of 510.82% from a loss of CNY 24,348,172.41 in 2017[18]. - The net cash flow from operating activities reached CNY 855,808,255.12, marking a 5,163.27% increase from CNY 16,260,017.53 in the previous year[18]. - Basic earnings per share for 2018 were CNY 0.2544, compared to a loss of CNY 0.0619 per share in 2017, reflecting a 510.99% improvement[19]. - Total assets at the end of 2018 amounted to CNY 3,164,587,742, which is a 3.84% increase from CNY 3,047,635,061 at the end of 2017[19]. - The net assets attributable to shareholders increased by 5.56% to CNY 879,565,903.40 at the end of 2018, compared to CNY 831,479,938.84 at the end of 2017[19]. - The company achieved total revenue of CNY 393,347.47 million in 2018, representing a growth of 279.64% year-on-year[48]. - The net profit attributable to shareholders reached CNY 10,002.64 million, an increase of 510.82% compared to the previous year[48]. Market Expansion and Contracts - The company achieved sales of CNY 330 million in the power industry during the reporting period, marking a successful transition towards intelligent and information-based services[31]. - The company secured a contract worth CNY 170 million for the Shenzhen Metro Line 10 communication system equipment and services procurement project[32]. - The company is actively expanding its market presence by participating in various bidding opportunities across multiple cities for rail transit projects[32]. - The company secured a contract worth approximately CNY 5,500 million for the construction of the Yunnan Province dry optical transmission B network, capturing 30% market share in the project[44]. - In the rail transit sector, the company won a bid for the Shenzhen Metro Line 10 communication system project valued at CNY 170 million[45]. Research and Development - Research and development expenses rose to 124,975,816.39 CNY, a 232.18% increase from 37,622,585.95 CNY in the previous year, accounting for 3.19% of total revenue[68]. - The company has accumulated 42 patents, including 12 invention patents, enhancing its competitive edge in the specialized communication technology solutions[37]. - The company plans to invest no less than 1.7 trillion yuan in power distribution network construction during the 13th Five-Year Plan period, aiming for a 90% coverage rate of distribution automation by 2020[87]. Financial Technology and Third-Party Payment - The third-party payment business processed a total transaction amount of 3,430.24 billion yuan in 2018, representing an increase of 83.77% compared to 2017[34]. - The insurance subsidiary achieved a premium income of 383.96 million yuan in 2018, with a cumulative premium income of 451.07 million yuan by the end of the year[35]. - Shanghai Jifu's revenue from third-party payment services reached CNY 332,100.97 million, reflecting a growth of 72.84%[46]. - The company’s financial technology segment has diversified its revenue structure, creating new profit growth points through the integration of finance and technology[35]. Governance and Compliance - The company is focused on maintaining compliance with regulatory requirements and enhancing transparency in financial reporting[121]. - The company has established a dynamic risk management model, resulting in a low incidence and amount of risk losses[44]. - The company is actively monitoring macroeconomic and policy changes that could impact its operations, particularly in the rapidly evolving third-party payment sector[97]. - The company emphasizes the importance of maintaining a robust governance structure and operational framework to support its growth and competitive positioning[99]. Shareholder Commitments and Dividends - The company plans to distribute a cash dividend of CNY 0.15 per share (including tax), totaling CNY 5,896,800, based on a total share capital of 393,120,000 shares as of December 31, 2018[106]. - The company has not distributed cash dividends in 2016 and 2017, indicating a shift in its financial strategy towards shareholder returns in 2018[105]. - The company reported a commitment to ensure the independence of its operations, including personnel, assets, and financials, with a promise to bear losses if this commitment is violated[113]. Operational Stability and Risks - The company does not exhibit significant seasonal fluctuations in its operations, indicating stable performance throughout the year[53]. - The company has undergone a retrospective adjustment due to accounting errors, correcting net profit and retained earnings for the years 2015-2017 by CNY 1,728,597.85[20]. - The company is focused on strengthening internal controls and risk management to enhance its resilience against potential market fluctuations and operational risks[95]. Rental Income and Expenses - Total rental income for the reporting period amounted to CNY 4,612,382.53[149]. - The company paid a total of CNY 3,696,616.70 in rent for the office space in Shenzhen for the year 2018[149]. - The rental payment for the new office in Nanjing was CNY 315,139.34 for the year 2018[150]. Legal and Regulatory Matters - The company is currently involved in several ongoing litigation cases with a total disputed amount of 6,031.96 CNY[136]. - There were no penalties or corrective actions reported during the reporting period[138]. - The company has received administrative regulatory measures from the China Securities Regulatory Commission, which are being addressed[170].

深圳亚联发展科技股份有限公司 2018 年第三季度报告正文 证券代码：002316 证券简称：亚联发展 公告编号：2018-068 深圳亚联发展科技股份有限公司 2018 年第三季度报告正文 1 深圳亚联发展科技股份有限公司 2018 年第三季度报告正文 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。 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)毛卓声明：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 2018 年第三季度报告正文 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 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 2,948,635,689.66 | | 3,047,635,061.95 | -3.25 ...

Financial Performance - The company's operating revenue for the reporting period reached ¥1,651,971,101.86, representing a significant increase of 664.97% compared to the same period last year[17]. - The net profit attributable to shareholders of the listed company was ¥36,253,732.37, marking a 189.62% improvement from a loss of ¥40,453,933.13 in the previous year[17]. - The net cash flow from operating activities was ¥433,930,807.97, a substantial increase of 455.33% compared to the previous year's negative cash flow[17]. - Basic earnings per share were reported at ¥0.0922, a turnaround from a loss of ¥0.1029 per share in the same period last year, reflecting a 189.60% increase[17]. - The company achieved total revenue of CNY 1,657.35 million, a year-on-year increase of 667.46%[45]. - The net profit for the reporting period was CNY 186.00 million, representing a year-on-year growth of 33.86%[43]. - The company reported a significant revenue increase of 2,945.33% in the East China region, with operating costs rising by 1,928%[56]. - The company reported a total operating cash inflow of 466,730,997.07 CNY, compared to 219,721,693.37 CNY in the previous period[167]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,912,114,711.51, showing a decrease of 4.45% from the previous year-end[17]. - The company's cash and cash equivalents decreased by 25.92% to CNY 297,049,893.79, primarily due to significant asset restructuring payments and short-term loan repayments[60]. - Accounts receivable increased to CNY 606,828,854.70, representing 20.84% of total assets, while inventory rose to CNY 120,327,363.03, accounting for 4.13%[60]. - The company's total liabilities rose from CNY 1,973,888,998.11 to CNY 2,029,628,933.54, indicating an increase of approximately 2.8%[149]. - The total equity attributable to shareholders of the parent company increased to ¥907,101,817.53 from ¥813,070,633.26, marking an increase of about 11.5%[154]. Business Operations and Strategy - The company has been actively participating in bidding for urban rail transit projects in cities such as Hangzhou, Suzhou, and Chengdu, aiming to expand its market presence[28]. - The company is focusing on the development of intelligent transportation systems, which are becoming increasingly advanced and supported by national policies[28]. - The company is enhancing its financial technology services, particularly in providing data services for small and micro businesses through its subsidiary, Shanghai Jifu[29]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[155]. Risks and Challenges - The company has identified risks and corresponding measures in its operational analysis section, which investors should pay attention to[5]. - The company faces risks related to macroeconomic environment and policy changes, which could impact its performance in the specialized communication technology solutions sector[73]. - The company is experiencing increased competition in the third-party payment industry, necessitating continuous innovation and market development to maintain its competitive edge[74]. - The company has a high asset-liability ratio due to major asset restructuring loans, which may lead to financial risks if cash flow cannot support rapid business expansion[75]. Subsidiaries and Investments - The company’s subsidiary, NetEase Big Data, expanded its big data service applications in third-party payment and finance sectors, forming a strategic partnership with Peking University Digital China Research Institute[30]. - The company’s subsidiary, Zhejiang Jifu, completed the acquisition of a 49% stake in Zhejiang Jifu Enterprise Management Co., Ltd. and Fujian Jifu Financial Data Processing Co., Ltd.[119]. - The company’s wholly-owned subsidiary, Pioneer Investment, increased its investment in Pioneer Fund Management Co., Ltd. by RMB 12.96 million, raising its stake to 33.31%[115]. Shareholder Information - The total number of shareholders and their respective holdings were not disclosed in the report[132]. - The largest shareholder, Jiaxing Qiande Jingyi Investment Partnership, holds 19.84% of the shares, equating to 78,000,000 shares[134]. - The company has no preferred shares outstanding during the reporting period[137]. - The actual controller, Liu Hui, plans to increase her shareholding by at least RMB 300 million within twelve months, with a current holding of 98.28 million shares, representing 25% of the total share capital[113]. Regulatory and Compliance - The company has not reported any differences in net profit and net assets between international and Chinese accounting standards during the reporting period[19]. - The financial report for the first half of 2018 was not audited, indicating a potential area of concern for investors[145]. - The company did not engage in any significant related party transactions during the reporting period[90]. - There were no penalties or rectifications reported for the company during the reporting period[87].

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 1,651,971,101.86, representing a significant increase of 664.97% compared to CNY 215,952,781.09 in the same period last year[17]. - The net profit attributable to shareholders of the listed company reached CNY 36,253,732.37, a turnaround from a loss of CNY 40,453,933.13 in the previous year, marking an increase of 189.62%[17]. - The net cash flow from operating activities was CNY 433,930,807.97, compared to a negative cash flow of CNY -122,120,092.99 in the same period last year, reflecting a growth of 455.33%[17]. - Basic earnings per share improved to CNY 0.0922, compared to a loss of CNY -0.1029 per share in the previous year, indicating a 189.60% increase[17]. - The company achieved total revenue of CNY 1,657.35 million in the first half of 2018, representing a growth of 667.46% year-on-year[39]. - Total profit amounted to 178.70 million yuan, reflecting a year-on-year growth of 578.96%[43]. - The net profit attributable to shareholders was 36.25 million yuan, up 189.62% compared to the previous year[43]. - The company reported total revenue of 1,657.35 million yuan, a significant increase of 667.46% year-on-year[43]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,912,114,711.51, a decrease of 4.45% from CNY 3,047,635,061.95 at the end of the previous year[17]. - The company's current assets decreased from CNY 1,556,246,717.91 to CNY 1,271,046,867.18, reflecting a decline of approximately 18.3%[146]. - Cash and cash equivalents decreased significantly from CNY 641,773,838.95 to CNY 297,049,893.79, a reduction of about 53.7%[145]. - Accounts receivable increased from CNY 564,166,361.08 to CNY 606,828,854.70, representing an increase of approximately 7.6%[145]. - Total liabilities rose from CNY 1,973,888,998.11 to CNY 2,029,628,933.54, indicating an increase of about 2.8%[147]. - The company's equity remained stable at CNY 882,485,777.97, unchanged from the previous period[147]. - The total non-current assets increased from CNY 1,491,388,344.04 to CNY 1,641,067,844.33, reflecting an increase of about 10.0%[146]. Market and Business Expansion - The company is actively expanding its market presence in urban intelligent transportation and has made significant progress in developing urban traffic radar technology[27]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[153]. - The company is focusing on enhancing its internal control system to improve risk management capabilities[42]. - The company is focusing on expanding its market presence and enhancing its product offerings through strategic investments and partnerships[168]. Risks and Challenges - The company has outlined potential risks and countermeasures in its operational analysis section, which investors should pay attention to[5]. - The company faces risks related to macroeconomic conditions, market competition, and potential goodwill impairment due to past asset restructuring[71][72]. - The company faces risks related to accounts receivable and cash flow due to rapid business growth, with a higher demand for cash flow and an increased debt-to-asset ratio, which may lead to financial risks if not managed properly[73]. Investments and Acquisitions - The company has established strategic partnerships with major technology firms, such as Huawei, to enhance its capabilities in cloud computing and big data[26]. - The company’s subsidiary, Zhejiang Jifu, completed the acquisition of a 49% stake in Zhejiang Jifu Enterprise Management Co., Ltd. on July 13, 2018, and now holds 100% of its shares[116]. - The company’s subsidiary, Fujian Jifu, completed the acquisition of a 49% stake in Fujian Jifu Financial Data Processing Co., Ltd. on July 12, 2018, and now holds 100% of its shares[117]. Corporate Governance and Compliance - The company has not engaged in any related party transactions during the reporting period, ensuring transparency in its operations[88]. - The company has maintained a good integrity status, with no significant debts or court judgments pending[86]. - The company did not distribute cash dividends or issue new shares during the half-year period, maintaining its capital structure[77]. Rental and Real Estate Management - Total rental income for the reporting period amounted to CNY 1,632,905.38[95]. - The highest rental income was generated from the property in Shenzhen, totaling CNY 512,358.60[95]. - The company is focused on optimizing its real estate strategy to enhance operational efficiency and reduce costs[97]. Shareholder Information - The total number of shareholders at the end of the reporting period was 17,132[131]. - The largest shareholder, Qian De Jing Yi, held 19.84% of the shares, equating to 78,000,000 shares[131]. - The total number of restricted shares at the end of the period was 99,706,357 shares, with 21,519,082 shares newly released from restrictions[128].

Financial Performance - The company's operating revenue for Q1 2018 reached ¥699,882,734, representing a significant increase of 1,099.59% compared to ¥58,343,293 in the same period last year[8]. - Net profit attributable to shareholders was ¥17,440,900.88, a turnaround from a loss of ¥21,275,274.32 in the previous year, marking an increase of 181.98%[8]. - The net cash flow from operating activities improved to ¥141,889,068.43, compared to a negative cash flow of ¥94,012,422.24 in the same period last year, reflecting a 250.93% increase[8]. - Basic earnings per share rose to ¥0.0444, compared to a loss of ¥0.0541 per share in the previous year, indicating an increase of 182.07%[8]. - Operating profit amounted to ¥85,227,116.60, reflecting a 550.08% increase year-over-year, driven by the factors mentioned above[18]. - The net profit for the period was ¥70,278,300.33, representing a 427.34% increase compared to the previous year, attributed to the consolidation of Shanghai Jifu's profits[19]. - The company reported a net profit excluding non-recurring items of ¥17,988,601.15, compared to a loss of ¥21,689,001.92 in the same period last year, reflecting an increase of 182.94%[8]. - The company expects a net profit of RMB 3.55 million to RMB 4.15 million for the first half of 2018, a turnaround from a net loss of RMB 4.04 million in the same period of 2017[31]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,739,347,893.20, a decrease of 10.12% from ¥3,047,635,061.95 at the end of the previous year[8]. - The total assets of the company decreased by 44.08% to ¥358,866,726.72, primarily due to cash payments for significant asset restructuring[16]. - The company’s total liabilities increased significantly, reflecting the financial impact of the recent acquisitions and restructuring efforts[16]. - The company’s minority interest decreased by 48.17% to ¥124,679,438.68, primarily due to profit distribution by Shanghai Jifu[16]. Shareholder Information - The total number of shareholders at the end of the reporting period was 18,472[11]. - The top shareholder, Jiaxing Qiande Jingyi Investment Partnership, held 19.84% of the shares, amounting to 78,000,000 shares, with 52,260,000 shares pledged[11]. Cash Flow and Financial Management - The company’s cash and cash equivalents at the end of the period were ¥253,002,514.06, down 48.24% from the previous year, reflecting the cash outflows related to the restructuring[21]. - The company’s financial expenses increased by 161.18% to ¥15,235,658.44, mainly due to interest on acquisition loans[18]. - The company approved a maximum investment of RMB 20 million in a money market fund by its subsidiary Shanghai Jifu, with a rolling usage limit[28]. - Shanghai Jifu's total investment in financial products during the reporting period amounted to RMB 27 million, with no overdue amounts[29]. Restructuring and Consolidation - The company completed a major asset restructuring transaction valued at ¥945 million, acquiring a 45% stake in Shanghai Jifu, which has been consolidated since October 2017[22]. - The positive performance is attributed to the successful completion of a major asset restructuring in 2017, which included Shanghai Jifu in the company's consolidated financials[31].

Financial Performance - The company's operating revenue for 2017 was ¥1,034,143,769.01, representing a 47.35% increase compared to ¥701,812,884.36 in 2016[18]. - The net profit attributable to shareholders was a loss of ¥24,348,172.41, a significant decline of 1,058.03% from a profit of ¥2,541,486.64 in 2016[18]. - The basic earnings per share for 2017 was -¥0.0619, compared to ¥0.0065 in 2016, reflecting a decline of 1,052.31%[18]. - The weighted average return on net assets was -2.88% in 2017, down from 0.30% in 2016[18]. - The company's total operating costs for 2017 amounted to CNY 694,456,130.71, representing a year-on-year increase of 14.37% compared to CNY 607,201,305.80 in 2016[55]. - The revenue from the specialized network communication technology solutions business decreased by 37.24% year-on-year, totaling 440.48 million yuan[42]. - The company reported a net profit of RMB -24,348,172.41 in 2017, indicating a loss for that year[96]. Cash Flow and Investments - The net cash flow from operating activities increased by 70.67% to ¥16,260,017.53, up from ¥9,527,191.59 in the previous year[18]. - Total investment during the reporting period was ¥975,452,916.95, a significant increase of 2,454.05% compared to the previous year[71]. - Operating cash inflow totaled ¥1,552,046,989.98, a 72.50% increase compared to the previous year, while operating cash outflow was ¥1,535,786,972.45, also up by 72.52%[64]. - The company’s cash and cash equivalents decreased by 16.16% to ¥641,773,838.95, primarily due to payments related to major asset restructuring[68]. Asset Management - Total assets at the end of 2017 reached ¥3,047,635,061.95, marking a 45.48% increase from ¥2,094,835,258.75 at the end of 2016[18]. - Fixed assets increased by CNY 120,446,800 due to the acquisition of Shanghai Jifu, contributing significantly to the company's asset base[32]. - The company reported a significant increase in the valuation of Shanghai Jifu's equity, with an appraisal value of 2,107.35 million RMB, representing an increase of 1,892.66 million RMB and a growth rate of 881.58% compared to the book value[123]. Business Strategy and Focus - The company shifted its main business focus from solely specialized network communication technology solutions to a dual focus on specialized network communication technology solutions and financial technology[16]. - The financial technology segment has expanded its customer base and diversified revenue streams, improving the company's overall profitability[31]. - The company aims to integrate new technologies into its specialized communication solutions, enhancing service offerings for the energy and transportation sectors[28]. - The company is actively expanding its business layout in financial technology through investments, partnerships, and mergers[44]. Subsidiaries and Acquisitions - The company established a new subsidiary, Zhonghui Mutual Insurance, which received its business license on February 14, 2017[30]. - The company underwent a major asset restructuring, incorporating Shanghai Jifu's balance sheet into its consolidated financials starting from September 30, 2017[16]. - The company completed a major asset restructuring, acquiring a total of 45% equity in Shanghai Jifu for a transaction price of 945 million[143]. Market Position and Growth - The third-party payment business processed a total transaction amount of CNY 1,866.62 billion in 2017, representing a growth of 195.29% compared to 2016[29]. - The company has successfully increased its market share in the Southern Power Grid, with sales growth exceeding 150% and winning contracts worth over 150 million yuan[41]. - The company has established strategic partnerships with over 4,300 outsourcing service agencies, serving a total of 7.06 million customers across 38 branches nationwide[36]. Risk Management - The company has identified potential risks in its future development plans, which are detailed in the report[4]. - The company faces risks related to market competition, particularly from larger competitors in the specialized network communication sector[87]. - The company reported a goodwill of CNY 859 million as of December 31, 2017, accounting for 28.17% of total assets, which poses a risk of impairment[88]. Corporate Governance - The company has ensured that independent directors have fulfilled their responsibilities and that minority shareholders have had opportunities to express their opinions[94]. - The company has established a structured approach to shareholding adjustments based on performance metrics over the next three years[99]. - The company has a robust governance structure, including a well-defined board, supervisory committee, and clear operational rules[188]. Employee and Management Structure - The total number of employees in the company is 1,002, with 967 from major subsidiaries and 35 from the parent company[182]. - The company has a diverse board with members having backgrounds in finance, engineering, and management, enhancing its strategic decision-making capabilities[171]. - The management team has a strong academic background, with several members holding advanced degrees in economics and finance[176]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,182, a decrease from 18,472 at the end of the previous month[156]. - The largest shareholder, Jiaxing Qiande Jingyi Investment Partnership, holds 19.84% of the shares, totaling 78,000,000 shares, with no changes during the reporting period[156]. - The company’s actual controller, Liu Hui, has committed to not reducing her stake in Qiande Jingyi for 60 months following the completion of the current transaction[154].