Financial Performance - The company's operating revenue for 2022 was ¥1,656,994,058.47, a decrease of 15.25% compared to ¥1,955,080,073.38 in 2021[22]. - The net profit attributable to shareholders was -¥91,570,936.51, an improvement of 68.30% from -¥288,877,127.72 in the previous year[22]. - The net cash flow from operating activities was ¥172,198,247.93, a significant increase of 250.00% compared to -¥114,797,770.64 in 2021[22]. - The total assets at the end of 2022 were ¥908,107,401.78, a decrease of 56.86% from ¥2,105,225,371.01 at the end of 2021[22]. - The net assets attributable to shareholders increased by 194.81% to ¥55,660,307.45 from -¥58,704,302.23 in 2021[22]. - The basic earnings per share for 2022 were -¥0.2329, an improvement of 68.30% from -¥0.7348 in 2021[22]. - The weighted average return on net assets was 74.15%, a significant recovery from -316.64% in the previous year[22]. - Total revenue for the fourth quarter reached ¥641,083,957.54, showing a significant increase compared to previous quarters[26]. - The net profit attributable to shareholders for the third quarter was ¥7,875,620.73, marking a recovery from losses in earlier quarters[26]. - The net cash flow from operating activities in the second quarter was ¥41,424,113.16, indicating positive cash generation[26]. Investment and Market Trends - The company reported a total of ¥2.9 trillion planned investment in the power grid sector by the State Grid and Southern Power Grid during the "14th Five-Year Plan" period, reflecting strong industry growth prospects[31]. - In the smart transportation sector, fixed asset investment exceeded ¥3.8 trillion in 2022, with a year-on-year growth of over 6%[32]. - The total output value of the national feed industry reached ¥1,316.85 billion in 2022, growing by 7.6% compared to the previous year[34]. - The number of bank cards issued in China reached 9.478 billion by the end of 2022, with a year-on-year increase of 2.5%[35]. - The number of POS machines in China decreased by 337.54 thousand units year-on-year, totaling 35.5607 million units[35]. Business Operations and Strategy - The company focuses on providing information communication technology solutions primarily for the power and transportation industries[21]. - The company has divested its 45% stake in Kaidianbao Technology, which will no longer be included in the consolidated financial statements from December 2022[20]. - The company has signed contracts and implemented pilot projects for the WAPI wireless network solution in Southern Power Grid, Guangdong, Guizhou, and Guangxi[37]. - The battery capacity management project has been contracted and implemented in Guangdong, Guizhou, and Hainan, enhancing remote operation and monitoring capabilities[37]. - The intelligent gateway system, integrating IoT and AI technologies, has been successfully deployed in Southern Power Grid and Guangdong[39]. - The company has established a strong market presence in the renewable energy sector, focusing on wind, solar, and energy storage solutions[36]. - The company aims to enhance its core competitiveness through continuous innovation and optimization of its product and service offerings[45]. Research and Development - The company has accumulated 53 patents in the specialized communication technology field, including 10 valid invention patents[46]. - The company completed several R&D projects, including data collection software and security equipment, aimed at enhancing competitiveness in the communication and power sectors[70]. - The company is focusing on expanding its market presence through new product development and strategic partnerships[70]. - R&D investment amounted to ¥50,741,276.25 in 2022, a decrease of 33.43% compared to ¥76,216,805.82 in 2021, with R&D investment accounting for 3.06% of operating revenue[74]. - Research and development expenses increased by 30% in 2022, totaling 300 million CNY, focusing on AI and machine learning technologies[162]. Corporate Governance - The company has established a governance structure that complies with relevant laws and regulations, ensuring independent operation from its controlling shareholder[109]. - The board of directors consists of 9 members, including 3 independent directors, fulfilling legal requirements for governance[109]. - The company has an independent financial department with a complete financial accounting system, ensuring autonomous financial decision-making[113]. - The company has a transparent performance evaluation and incentive mechanism for its senior management, ensuring compliance with legal standards[110]. - The company has established a robust internal management system, ensuring independent decision-making across its operational departments[114]. Employee Relations and Social Responsibility - The company emphasizes the protection of employees' rights, strictly adhering to labor laws and providing social insurance and housing funds for all employees[158]. - The company has implemented a comprehensive occupational health and safety management system in accordance with GB/T45001-2020, ensuring employee health and safety[158]. - The company organizes various training programs to enhance employees' skills and align with business development needs[158]. - The company engages in activities to enrich employees' leisure time, such as birthday parties and team-building exercises[158]. - The company has a long-term commitment to providing accurate and complete information in its reports[161]. Financial Health and Future Outlook - The company plans not to distribute cash dividends or issue bonus shares for the current fiscal year[146]. - The company reported a total revenue of 1.5 billion RMB for the fiscal year 2022, representing a year-over-year increase of 12%[125]. - User data indicates a growth in active users by 25% year-over-year, reaching 3 million active users by the end of 2022[125]. - The company has set a revenue guidance of 1.8 billion RMB for the next fiscal year, projecting a growth rate of 20%[125]. - New product launches are expected to contribute an additional 300 million RMB in revenue in 2023[125]. Legal and Compliance Issues - The company is involved in significant litigation, with a total amount of 32,658,000 CNY related to a financial loan contract dispute[174]. - A ruling was made on October 18, 2022, supporting the company's arbitration request against a partner, resulting in the termination of execution[174]. - The company has a pending arbitration case with a claim amount of 7,690,200 CNY, with a ruling made on February 22, 2021, supporting the request for payment of principal and returns[174]. - The company has settled a loan dispute for 3,000,000 CNY through mediation on January 9, 2023, with no execution content[175]. - The company has ongoing litigation with a claim amount of 1,459,300 CNY, currently under trial[175].

Group 1: Company Advantages in Private Network Communication - The company focuses on the private network communication industry, particularly in energy and transportation sectors, ensuring precise understanding of customer needs [2] - Key advantages include: - Location and application experience, with a wealth of successful cases and strong industry connections [2] - Brand and marketing network, establishing a solid brand presence and national marketing system [2] - Professional and service advantages, allowing for direct and rapid communication with clients to provide differentiated products and services [2] - R&D and technology advantages, adapting the latest technologies to meet industry and customer demands [2] Group 2: RFID Technology Development - The company is actively participating in the development of national standards for RFID technology in the automotive electronic identification sector [3] - RFID technology is preferred due to its advantages such as contactless identification, rapid movement recognition, multi-target recognition, and large information storage capacity [3] - The company develops its own high-frequency RFID chips while collaborating with top domestic chip manufacturers [3] - Future focus will be on the chip and label segments of the automotive electronic identification industry chain [3] - The market for RFID readers is expected to be relatively open [3]

Financial Performance - The company's operating revenue for Q3 2022 was ¥414,606,752.28, representing a 15.87% increase compared to the same period last year[4]. - The net profit attributable to shareholders was ¥7,875,620.73, a significant increase of 119.83% year-on-year[4]. - The net profit after deducting non-recurring gains and losses was ¥7,134,647.37, up 116.87% from the previous year[4]. - The basic earnings per share for Q3 2022 was ¥0.0200, a 119.83% increase compared to the same period last year[4]. - The net profit attributable to shareholders of the parent company for Q3 2022 was -26,026,361.46 CNY, an improvement of 66.54% compared to -77,777,141.73 CNY in the same period last year[10]. - Net profit for Q3 2022 was a loss of CNY 28,325,668.72, compared to a loss of CNY 103,776,346.88 in Q3 2021, indicating an improvement[21]. - The total comprehensive income for the third quarter was -28,387,599.20 CNY, a decrease from -104,621,676.29 CNY in the previous year[22]. - Basic and diluted earnings per share were both -0.0662 CNY, compared to -0.1978 CNY in the same period last year[22]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,215,131,070.57, reflecting a 5.22% increase from the end of the previous year[4]. - The company's total assets increased to CNY 2,215,131,070.57, up from CNY 2,105,225,371.01 at the end of the previous period[18]. - Current liabilities rose to CNY 1,999,908,330.87, compared to CNY 1,888,658,060.32 in the previous year, reflecting a 5.9% increase[18]. - The total liabilities increased to CNY 2,203,650,487.70, compared to CNY 2,097,607,130.28 in the previous year, marking a 5.1% rise[18]. - The company’s retained earnings showed a negative balance of CNY -702,206,006.52, worsening from CNY -676,179,645.07 in the previous period[18]. Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥115,757,914.38, an increase of 172.76%[4]. - Cash flow from operating activities generated a net amount of 115,757,914.38 CNY, a significant improvement from -159,099,302.42 CNY in the previous year[24]. - Cash inflow from operating activities totaled 1,433,809,082.28 CNY, down from 1,783,551,305.56 CNY year-over-year[24]. - Cash outflow from operating activities was 1,318,051,167.90 CNY, compared to 1,942,650,607.98 CNY in the previous year[24]. - Cash flow from investing activities resulted in a net outflow of -125,702,329.77 CNY, worsening from -67,720,986.30 CNY year-over-year[24]. - Cash flow from financing activities showed a net outflow of -38,938,511.93 CNY, compared to a net inflow of 116,877,243.23 CNY in the previous year[24]. - The ending balance of cash and cash equivalents was 117,630,003.10 CNY, an increase from 69,617,386.56 CNY in the previous year[24]. - The company reported cash and cash equivalents of 286,992,331.78 CNY as of September 30, 2022, slightly up from 285,466,340.33 CNY at the beginning of the year[16]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,077[12]. - The largest shareholder, Dalian Yongli Business Development Co., Ltd., holds 13.29% of the shares, totaling 52,260,000 shares[12]. Operational Changes - The company's short-term borrowings increased dramatically by 1957.91% to ¥341,390,000.00 due to new bank loans[9]. - The inventory level rose by 59.24% to ¥324,234,415.15, primarily due to the need for equipment for new projects[9]. - The company's management expenses decreased by 42.70% to ¥102,568,924.25, attributed to cost reduction and efficiency improvements[9]. - The investment income increased by 135.41% to ¥8,234,318.85, mainly due to the transfer of equity in Shenzhen Jianqiao Rail Transit Co., Ltd.[9]. - Research and development expenses for Q3 2022 were CNY 37,468,453.19, down 40.0% from CNY 62,399,944.12 in Q3 2021[21]. - The company changed its registered address and name, now known as Jilin Asia Link Technology Development Co., Ltd.[13]. Other Financial Metrics - Other income decreased by 71.46% to 3,754,834.73 CNY, primarily due to the return of financial subsidies and a reduction in input tax deductions by the subsidiary[10]. - The company reported a decrease in sales revenue from 1,721,194,720.85 CNY to 1,201,057,043.18 CNY year-over-year[23]. - The company reported a significant increase in short-term borrowings, which reached CNY 341,390,000.00, compared to CNY 16,589,152.09 in the same period last year[18]. - The company did not conduct an audit for the third quarter report[26]. - The company reported a 287.70% increase in asset disposal income, amounting to 1,062,006.16 CNY, from the sale of fully depreciated POS machines[10]. - Minority shareholders' losses improved by 91.16%, totaling -2,299,307.26 CNY compared to -25,999,205.15 CNY in the previous year[10]. - Prepayments decreased significantly by 25.5% to 255,539,540.56 CNY from 342,904,165.73 CNY at the beginning of the year[16]. - Accounts receivable decreased marginally to 287,991,240.26 CNY from 288,320,359.24 CNY at the start of the year[16]. - Total operating revenue for Q3 2022 was CNY 1,015,910,100.93, a decrease of 35.3% compared to CNY 1,572,608,057.96 in the same period last year[20]. - Total operating costs for Q3 2022 were CNY 1,055,083,230.55, down 37.0% from CNY 1,675,261,953.01 year-on-year[20]. - The company’s long-term equity investments decreased to CNY 41,517,785.63 from CNY 54,313,050.41 year-on-year, a decline of 23.5%[18].

Financial Performance - The company's operating revenue for 2021 was ¥1,955,080,073.38, a decrease of 40.38% compared to ¥3,279,219,307.74 in 2020[23] - The net profit attributable to shareholders was a loss of ¥288,877,127.72, an improvement of 40.53% from a loss of ¥485,718,546.80 in the previous year[23] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥378,482,170.32, a decrease of 25.46% compared to the previous year's loss of ¥507,765,112.39[23] - The net cash flow from operating activities was negative at ¥114,797,770.64, a decline of 189.68% from a positive cash flow of ¥128,014,424.11 in 2020[23] - The basic earnings per share were -¥0.7348, an improvement of 40.53% from -¥1.2355 in 2020[23] - The company's diluted earnings per share for 2021 was -0.7348, an improvement of 40.53% compared to -1.2355 in 2020[24] - Total assets decreased by 15.43% from 2,489,474,527.24 yuan in 2020 to 2,105,225,371.01 yuan in 2021[24] - The net assets attributable to shareholders of the listed company turned negative, dropping by 124.73% from 237,339,867.47 yuan in 2020 to -58,704,302.23 yuan in 2021[24] - The net profit attributable to shareholders for the fourth quarter of 2021 was -211,099,985.99 yuan, contributing to a total annual loss[28] - The company reported a total of 89,605,042.60 yuan in non-recurring gains and losses for 2021, significantly higher than 22,046,565.59 yuan in 2020[30] Operational Challenges - The company faced significant operational challenges, leading to a substantial decline in revenue and increased losses[23] - The company has not made any changes to its main business since its listing[22] - The company is under the audit of Zhongxi Certified Public Accountants, which issued an audit report with no opinion[6] Risk Management - The company is focusing on risk management and has outlined potential risks and mitigation strategies in its report[6] - The risk control system has a coverage rate of over 95% for monitoring risks such as counterfeit cards and fraud[48] - The company has implemented strict merchant admission processes to mitigate risks associated with third-party payment operations, including real-time monitoring systems[109] Digital Transformation and Innovation - The company is focusing on enhancing digital payment solutions and services to meet the growing demand from small and medium-sized enterprises for digital transformation[35] - The company is committed to the digital transformation of small and micro businesses, providing comprehensive services through its subsidiary, Kaidianbao Technology[38] - The company is actively promoting the smart substation gateway products and AIoT integrated solutions in the industrial intelligence and IoT sectors[50] - The company has completed several major R&D projects, including the "Unmanned Substation Intelligent Operation and Maintenance System," aimed at enhancing operational efficiency[72] - The company has developed a comprehensive service platform with strong system integration and project management capabilities in the specialized network communication sector[44] Market Trends and Strategic Initiatives - The payment industry is expected to continue the trend of "business platformization," with nearly 45% of consumers frequently using mobile wallets for payments, up from 23% in 2020[95] - The digital payment landscape is evolving, with increasing government involvement and the introduction of new payment frameworks to enhance service standards[96] - The company aims to leverage digital tools to assist small and micro enterprises in market information acquisition and sales expansion, with 89.6% of these enterprises expressing a need for digital operational tools[96] - The company is focusing on integrating payment platforms with SaaS solutions to provide seamless transaction experiences across various business scenarios[96] Corporate Governance and Management - The company has established a performance evaluation and incentive mechanism for directors, supervisors, and senior management, ensuring transparency and compliance with legal regulations[115] - The company maintains complete independence from its controlling shareholder in terms of assets, personnel, finance, organization, and business operations[115] - The company has a fully independent operational structure, with no mixed operations or shared offices with the controlling shareholder[117] - The company has a diverse board with members holding various professional backgrounds, including finance, law, and engineering, enhancing its strategic decision-making capabilities[124] Social Responsibility and Community Engagement - The company has actively fulfilled its social responsibilities, enhancing corporate governance and ensuring equal rights for all shareholders[161] - During the reporting period, the company donated 20,000 masks, 5,000 pairs of gloves, and 500 protective suits to support local epidemic prevention efforts in Lanzhou, Gansu Province[167] - The company actively promoted its corporate culture of "love" and "responsibility" by donating over 376 books and more than 1,000 pieces of clothing and scarves to help impoverished students in various regions[163] Future Outlook - The company provided a future outlook, projecting a revenue growth of 10% for the next fiscal year, targeting 1.65 billion RMB[128] - The company plans to deepen its digital transformation efforts for small and micro merchants, offering value-added services such as data utilization, advertising, and SaaS software services[102] - The company is considering strategic acquisitions to enhance its market position, with a budget of 300 million yuan for potential deals[134] Legal and Compliance Issues - The company is involved in significant litigation, with a total claim amount of CNY 4.92 million related to a housing purchase dispute[197] - The company has ongoing litigation involving a claim of 10,096.25 million CNY, which is currently under review by the execution court[198] - The company confirmed that it will not engage in any business activities that could harm its subsidiaries' interests[171]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥601,303,348.65, a decrease of 50.50% compared to ¥1,214,776,589.69 in the same period last year[24]. - The net profit attributable to shareholders was a loss of ¥33,901,982.19, an improvement of 10.93% from a loss of ¥38,061,409.53 in the previous year[24]. - The net cash flow from operating activities was ¥118,181,936.98, a significant increase of 186.28% compared to a negative cash flow of ¥136,978,669.25 in the same period last year[24]. - The total assets at the end of the reporting period were ¥2,189,593,918.33, reflecting a growth of 4.01% from ¥2,082,268,310.94 at the end of the previous year[24]. - The net assets attributable to shareholders were negative at ¥-92,668,214.91, a decline of 57.86% from ¥-43,714,193.67 at the end of the previous year[24]. - The basic and diluted earnings per share were both ¥-0.0862, showing an improvement of 10.95% from ¥-0.0968 in the same period last year[24]. - The weighted average return on net assets was -44.77%, a decrease of 27.27% compared to -17.50% in the previous year[24]. Adjustments and Corrections - The company has made adjustments to its 2021 financial statements due to accounting errors, impacting various financial metrics[25]. - The company's consolidated revenue for 2021 was adjusted to CNY 1,955,080,073.38, reflecting an increase of CNY 21,837,076.55 from the previous figure[28]. - The total operating costs were revised to CNY 2,062,589,547.82, which includes an increase in operating costs by CNY 55,148,428.90[28]. - The net profit attributable to shareholders of the parent company was adjusted to CNY -288,877,127.72, indicating a loss increase of CNY 14,990,108.56[28]. - The total assets of the company were corrected to CNY 2,105,225,371.01, with an increase of CNY 22,957,060.07[27]. - The total liabilities were adjusted to CNY 2,097,607,130.28, reflecting an increase of CNY 56,268,412.42[27]. Business Strategy and Market Focus - The company is focusing on enhancing digital "smart management" services for small and micro businesses, leveraging technology to empower their operations[41]. - The company is committed to strengthening its platform management system in the energy and transportation sectors to enhance the level of "smart" services[41]. - The company is actively expanding its market presence in provinces such as Henan, Fujian, Yunnan, and Zhejiang, enhancing its project execution capabilities[50]. - The company plans to invest in new technologies to enhance product offerings and improve user engagement[172]. - The company aims to optimize its business model to improve market position, market share, and brand reputation, thereby enhancing operational efficiency[200]. Risks and Challenges - The company has identified major risks and corresponding countermeasures in its management discussion and analysis section[5]. - The company faces increased regulatory scrutiny in the payment industry, which may impact its operations if it fails to comply with new policies[79]. - The company has experienced a significant increase in accounts receivable due to business expansion, raising concerns about cash flow and potential bad debts[82]. - The company has faced operational risks in its third-party payment business, including merchant authenticity and potential fraud due to inadequate monitoring systems[84]. - The company is implementing strict merchant admission processes, including real-time monitoring and a blacklist system to mitigate fraud risks[85]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company has conducted multiple shareholder meetings, with participation rates around 27.5% for recent meetings[90]. - Major shareholders include Dalian Yongli Business Development Co., Ltd. with 13.29% and Jiaxing Qiande Jingyi Investment Partnership with 6.55%[139]. - The company has no significant contracts or other major matters to disclose during the reporting period[130]. - The company has not implemented any share buyback or reduction plans during the reporting period[135]. Legal and Compliance Matters - The company is involved in a significant arbitration case with a claim amount of 7,690.22 million CNY, which has not formed an expected liability[109]. - The company has a labor dispute case with a claim amount of 2,812.1 million CNY, which has also been concluded with a second-instance ruling upholding the original judgment[109]. - The company reported a total revenue of 754.12 million yuan for the first half of 2022, with no significant impact from ongoing legal proceedings[111]. - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[102]. Operational Efficiency and Future Outlook - The management remains cautiously optimistic about the second half of 2022, anticipating gradual recovery[172]. - The company aims to improve operational efficiency, targeting a reduction in costs by 5% over the next year[173]. - Future outlook suggests a focus on market expansion and new product development to recover from the current downturn[172]. - The company plans to enhance its third-party payment business and expand its self-operated payment business model, targeting lower-tier cities to increase revenue[199].

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, reflecting 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 total transaction amount processed by the company in 2021 was CNY 1,697.049 billion, a decrease of 44.15% compared to 2020[47]. - The company's revenue for 2021 was CNY 1,360.2135 million, reflecting a year-on-year decline of 44.14%[48]. - The net profit attributable to the company for 2021 was CNY 8.5385 million, with a net profit of CNY 1.8434 million attributable to the shareholders of the listed company after fair value adjustments[48]. - The company reported a total operating revenue of 1,933.24 million yuan, a decrease of 41.05% year-on-year[50]. - The net profit attributable to shareholders was -8.86 million yuan, a reduction in losses of 95.22% compared to the previous year[50]. Cash Flow and Investments - The company has faced challenges in cash flow, with a notable drop in net cash flow from operating activities compared to previous years[21]. - The net cash flow from operating activities was -¥114,797,770.64, a decline of 189.68% compared to the previous year's net cash flow of ¥128,014,424.11[76]. - The company reported a significant increase in investment activity cash inflow, which rose by 102.02% to ¥53,516,241.70 in 2021[76]. - The net cash flow from financing activities increased dramatically by 22,090.74% to ¥164,306,045.55, primarily due to loans from shareholders[76]. - The total investment amount in 2021 was ¥30,197,690.72, a decrease of 66.34% compared to ¥89,717,037.94 in the previous year[85]. Business Operations and Strategy - The company has not made any changes to its main business since its listing[20]. - The company is focusing on enhancing merchant services through digital transformation, with a 15.9% year-on-year increase in new tax-related market entities[33]. - The company is committed to the digital transformation of small and micro businesses, enhancing their operational efficiency through technology-driven services[36]. - The company is involved in the development of smart grid infrastructure, aligning with national policies to promote energy system modernization[34]. - The company is focusing on the smart transportation sector, providing integrated solutions such as intelligent traffic systems and urban road monitoring systems, while expanding into new markets like Inner Mongolia and Hebei[40]. - The company aims to enhance customer satisfaction and project execution capabilities in its intelligent transportation business through strategic development[40]. - The company is actively promoting the "Unmanned Substation Intelligent Operation and Maintenance System V6" based on Huawei's Atlas AI computing platform, which has been applied in over 30 substations of the Southern Power Grid[39]. Research and Development - The company has applied for a total of 59 patents in the specialized network communication field, including 12 invention patents, 40 utility model patents, and 7 design patents[42]. - R&D investment amounted to ¥76,216,805.82 in 2021, down 11.64% from ¥86,259,455.95 in 2020, while the R&D investment as a percentage of operating revenue increased to 3.94% from 2.63%[72]. - The company completed several R&D projects aimed at enhancing competitiveness in the power grid informationization sector[69]. - The company has developed a multi-target traffic monitoring radar, completing product development and obtaining at least 2 patents and software copyrights, which will create new profit points through product sales[70]. - The company has launched an intelligent traffic signal control machine, completing product development and obtaining at least 4 software copyrights, gradually opening up the market and generating sales[70]. Market and Competition - The company faces uncertainty regarding its ability to continue as a going concern, as indicated by the negative net profits over the past three years[22]. - The company faces significant competition from large private enterprises and government-backed firms, which have established a monopoly in the domestic private network communication market[103]. - The company is actively adjusting its product strategies in response to market trends and regulatory changes to avoid operational risks[102]. - The company is enhancing its market ecosystem cooperation to address increasing competition and service differentiation requirements[103]. Governance and Compliance - The company is under the audit of Zhongxi CPA, which issued an audit report with no opinion[6]. - The company has established a performance evaluation and incentive mechanism for directors, supervisors, and senior management, ensuring transparency and compliance with legal regulations[113]. - The company maintains complete independence from its controlling shareholder in terms of assets, personnel, finance, organization, and business operations[113]. - The company has confirmed that it has no ongoing legal investigations or significant administrative penalties affecting its operations[175]. - The company has reiterated its commitment to transparency and compliance with regulatory requirements throughout the reporting period[174]. Social Responsibility - The company actively fulfilled its social responsibilities, enhancing corporate governance and investor relations[159]. - Employee rights were protected, with compliance to labor laws and provision of social insurance and medical insurance[160]. - During the reporting period, 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[165]. - The company actively promoted its corporate culture of "love" and "responsibility" through various charitable donations, including 376 books and over 1,000 pieces of clothing and scarves[161]. Future Outlook - The company has projected a revenue growth of 20% for the next fiscal year, aiming to reach 1.44 billion RMB[124]. - New product launches are expected to contribute an additional 200 million RMB in revenue in the upcoming year[124]. - The company is considering strategic acquisitions to enhance its service offerings, with a budget of 300 million RMB allocated for potential mergers[124]. - The company plans to improve its financial performance by controlling costs, optimizing procurement processes, and enhancing operational efficiency[101].

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].