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

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

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

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]

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

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 ...