证券代码：002467 证券简称：二六三 二六三网络通信股份有限公司投资者关系活动记录表 编号：2018-001 | --- | --- | --- | --- | |-------------------|-------------------------|--------------------------------------------------|-------------------| | | | | | | 投 资 者 关 系 活 | √ | 特定对象调研 □分析师会议 | | | 动类别 | □ | 媒体采访 □业绩说明会 | | | | □ 新闻发布会 □路演活动 | | | | | □ 现场参观 | | | | | □ | 其他 （请文字说明其他活动内容） | | | 参 与 单 位 名 称 | 麒麟基金 | (Kylin Management LLC) | 研究员 Yifan Xu | | 及人员姓名 | | | | | 时间 | 2018 年 2 月 13 | 日 09:30—10:30 | | | 地点 | 电话调研 | | | | 上市公司接待 | 董事会秘书李波先生 | | | ...

证券代码：002467 证券简称：二六三 编号：2019-001 二六三网络通信股份有限公司投资者关系活动记录表 | --- | --- | --- | |----------------|----------------------------|------------------------------------------------------| | | | | | 投资者关系活动 | √ | 特定对象调研 □分析师会议 | | 类别 | □ | 媒体采访 □业绩说明会 | | | □新闻发布会 □路演活动 | | | | □ 现场参观 | | | | □ 其他 | | | 参与单位名称及 | | 国泰君安证券股份有限公司分析师黄子健、马天诣 | | 人员姓名 | | | | 时间 | 2019 年 2 月 19 | 日 13:30—15:00 | | 地点 | 北京市朝阳区和平里东土城路 | 14 号建达大厦 18 层会议室 | | 上市公司接待 | 董事会秘书李波先生 | | | 人员姓名 | | | | 投资者关系活动 | | 一、董事会秘书李波先生介绍公司基本情况 | | 主要内容介绍 | ...

二六三网络通信股份有限公司 2022 年第三季度报告 证券代码：002467 证券简称：二六三 公告编号：2022-043 二六三网络通信股份有限公司 2022 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不 存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度 报告中财务信息的真实、准确、完整。 3.第三季度报告未经过审计。 一、主要财务数据 （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 | --- | --- | --- | --- | --- | |-----------------------------------------------------|------------------|---------------------|--------------------------|----------------| ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥438,627,651.83, representing a decrease of 3.47% compared to ¥454,403,928.80 in the same period last year[22]. - The net profit attributable to shareholders was ¥37,745,508.02, down 25.33% from ¥50,551,399.04 in the previous year[22]. - The net cash flow from operating activities decreased by 65.11%, amounting to ¥25,413,295.66 compared to ¥72,841,191.43 in the same period last year[22]. - Basic earnings per share were ¥0.03, a decline of 25.00% from ¥0.04 in the previous year[22]. - The company reported a significant decrease in net profit after deducting non-recurring gains and losses, which was ¥24,762,518.26, down 43.12% from ¥43,530,869.84 in the previous year[22]. - The weighted average return on equity was 1.69%, down from 2.11% in the previous year, indicating a decline in profitability[22]. - The company's revenue for the first half of 2022 was 43,862.77 million yuan, a decrease of 3.47% compared to the same period last year[35]. - The net profit attributable to shareholders was 3,774.55 million yuan, down 25.33% year-on-year, primarily due to the impact of the previous year's merger and revenue decline[37]. - The gross profit margin for the first half of 2022 was approximately 7.4%, down from 11.4% in the first half of 2021[178]. - Net profit for the first half of 2022 was ¥41.96 million, a significant decrease from ¥54.19 million in the first half of 2021, representing a decline of 22.5%[178]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,748,057,658.75, reflecting a slight increase of 0.74% from ¥2,727,908,572.19 at the end of the previous year[22]. - The net assets attributable to shareholders increased by 2.13%, reaching ¥2,255,721,480.78 compared to ¥2,208,738,531.92 at the end of the previous year[22]. - Cash and cash equivalents at the end of the reporting period amounted to CNY 333,901,882.73, representing 12.15% of total assets[57]. - The company's total current assets reached CNY 1,083,194,869.89, up from CNY 920,196,576.63 at the start of the year, indicating a growth of approximately 17.7%[168]. - The total non-current assets decreased to CNY 1,664,862,788.86 from CNY 1,807,711,995.56, reflecting a decline of about 7.9%[171]. - The company's total liabilities decreased to CNY 391,534,910.32 from CNY 422,579,414.76, representing a reduction of approximately 7.3%[171]. - The company's accounts receivable rose to CNY 82,893,255.81, accounting for 3.02% of total assets, up from 2.31% the previous year[57]. - The company's inventory decreased to CNY 6,035,599.71 from CNY 7,038,053.46, reflecting a decline of approximately 14.2%[168]. Investment and R&D - The company’s R&D investment was approximately ¥55.82 million, a slight increase of 0.24% compared to the previous year[48]. - The company reported investment income of CNY 44,359,192.00, accounting for 112.13% of total profit, primarily from stock gains[53]. - The company has developed over 20 detailed solutions targeting key sectors such as government, finance, healthcare, education, and manufacturing, enhancing its digital transformation offerings[40]. - Research and development expenses rose to ¥58.61 million, an increase of 5% compared to ¥55.74 million in the same period last year[178]. Strategic Initiatives - The company launched the 3D Virtual Live Enterprise Live 3.0 product, which utilizes self-developed NRTC technology to achieve ultra-low latency and enhance live streaming experiences[38]. - The "East Data West Computing" initiative has been officially launched, significantly increasing demand for computing power infrastructure, with estimates indicating a 0.33% increase in digital economy growth for every 1% rise in computing power index[32]. - The company is focusing on integrating cloud, network, and end services to assist users in digital transformation and aims to become a leading cloud service provider[34]. - The international business strategy has been refined to better serve multinational enterprises and support domestic companies in going global[41]. Corporate Governance and Compliance - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company has outlined potential risks and countermeasures in its report, emphasizing the importance of risk awareness for investors[4]. - The company did not receive any administrative penalties for environmental issues during the reporting period[102]. - There were no significant lawsuits or arbitration matters during the reporting period[115]. - The company did not engage in any related party transactions during the reporting period[118]. - The company has fulfilled all commitments made by its actual controllers and shareholders during the reporting period[108]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 104,361[154]. - The largest shareholder, Li Xiaolong, holds 17.11% of the shares, totaling 234,140,264 shares[154]. - The total number of shares held by the top ten shareholders did not change significantly, with no new strategic investors introduced[154]. - The total number of restricted shares at the beginning of the period was 257,058,666, with 246,934,417 shares released during the period[154]. Cash Flow - The net cash flow from operating activities for the first half of 2022 was ¥25,413,295.66, a decrease of 65.1% compared to ¥72,841,191.43 in the same period of 2021[186]. - The total cash inflow from investment activities reached ¥1,536,980,636.75, significantly up from ¥708,857,151.39 in the first half of 2021, marking an increase of 116.7%[186]. - The total cash and cash equivalents at the end of the period stood at ¥327,704,803.48, compared to ¥497,877,669.80 at the end of the first half of 2021[186]. - The company recorded a total cash inflow from operating activities of ¥464,397,968.14, an increase of 2.4% from ¥453,234,755.38 in the previous year[186].

Financial Performance - The company's operating revenue for 2021 was ¥891,400,014.16, a decrease of 8.10% compared to ¥969,995,257.17 in 2020[26] - The net profit attributable to shareholders for 2021 was ¥33,388,501.17, down 90.41% from ¥348,325,249.39 in 2020[26] - The net cash flow from operating activities was ¥127,791,974.04, a decline of 42.16% from ¥220,933,220.19 in the previous year[26] - Basic earnings per share for 2021 were ¥0.02, a decrease of 92.31% compared to ¥0.26 in 2020[26] - Total assets at the end of 2021 were ¥2,727,908,572.19, down 7.44% from ¥2,947,182,710.81 at the end of 2020[26] - The net assets attributable to shareholders decreased by 6.75% to ¥2,208,738,531.92 from ¥2,368,688,927.17 in 2020[26] - The company reported a net profit of -¥34,751,989.86 after deducting non-recurring gains and losses, compared to a profit of ¥44,624,544.43 in 2020, marking a 177.88% decline[26] - The weighted average return on net assets for 2021 was 1.46%, down from 15.74% in 2020, a decrease of 14.28%[26] Revenue Breakdown - Total revenue for the year was approximately ¥923 million, with quarterly revenues of ¥223 million, ¥231 million, ¥216 million, and ¥220 million respectively[32] - The net profit attributable to shareholders for the year was a loss of approximately ¥39 million in Q1, a profit of ¥89 million in Q2, a profit of ¥35 million in Q3, and a loss of ¥52 million in Q4[32] - The enterprise business accounted for ¥599,229,953.91, or 67.22% of total revenue, while personal business revenue was ¥286,035,330.16, or 32.09%, reflecting a decline of 15.57% year-over-year[68] - Revenue from mainland China increased by 4.90% to ¥488,192,963.21, while revenue from outside mainland China decreased by 20.10% to ¥403,207,050.95[68] Investment and R&D - Research and development investment increased by 3.43% year-on-year to 115.73 million yuan, focusing on overcoming technical challenges and enhancing product capabilities[59] - R&D investment amounted to ¥115,732,033.51 in 2021, an increase of 3.43% from ¥111,891,467.39 in 2020, representing 12.98% of operating revenue[91] - The number of R&D personnel decreased by 5.41% to 350 in 2021 from 370 in 2020, while the proportion of R&D personnel remained stable at 34.52%[91] Strategic Focus and Market Trends - The company is focused on cloud services, leveraging advancements in cloud computing, big data, and information security to support digital transformation for enterprises and individuals[40] - The rollout of 5G infrastructure is expected to drive significant economic growth, with 5G base stations reaching 1.425 million by the end of 2021, accounting for over 60% of the global total[42] - The number of 5G mobile phone users reached 355 million, contributing to an economic output of ¥1.3 trillion directly driven by 5G technology[42] - The company aims to capitalize on the rapid growth of video applications, which are becoming essential across various industries, supported by the acceleration of 5G infrastructure[43] - The government’s strategic plans for digital economy development are expected to create new growth cycles for the cloud services industry[41] Governance and Management - The company has established performance evaluation and incentive mechanisms for directors, supervisors, and senior management[157] - The company maintains independence from its controlling shareholder in business, personnel, assets, organization, and finance[161] - The company has a dedicated internal audit department to enhance the effectiveness of internal controls and ensure the accuracy of financial information[159] - The company strictly adheres to information disclosure obligations, ensuring timely and accurate communication with shareholders[157] - The board of directors consists of 7 members, including 3 independent directors, complying with legal and regulatory requirements[156] Challenges and Risks - The company has identified major risks and corresponding countermeasures in its future development outlook[7] - The company faces risks related to rapid technological advancements, requiring continuous adaptation to market demands and innovation in cloud service products[148] - The company will strengthen management control to improve operational efficiency and ensure sustainable business growth amid its rapid international expansion[148] Future Outlook - The company aims to enhance its asset structure and profitability in 2022 while focusing on business development and creating shareholder value[141] - The company will focus on building a "cloud + network + terminal" integrated cloud service capability, leveraging national development plans to enhance existing businesses and target digital transformation, domestic innovation, and smart office markets[142] - The company plans to increase R&D investment in product innovation, technology upgrades, and service enhancements, particularly in key industries such as government, finance, healthcare, education, manufacturing, energy, and aerospace[143]

Financial Performance - The company's operating revenue for 2021 was ¥891,400,014.16, a decrease of 8.10% compared to ¥969,995,257.17 in 2020[26] - The net profit attributable to shareholders in 2021 was ¥33,388,501.17, down 90.41% from ¥348,325,249.39 in 2020[26] - The net cash flow from operating activities decreased by 42.16% to ¥127,791,974.04 from ¥220,933,220.19 in 2020[26] - Basic earnings per share for 2021 were ¥0.02, a decline of 92.31% compared to ¥0.26 in 2020[26] - Total assets at the end of 2021 were ¥2,727,908,572.19, a decrease of 7.44% from ¥2,947,182,710.81 at the end of 2020[26] - The net assets attributable to shareholders decreased by 6.75% to ¥2,208,738,531.92 from ¥2,368,688,927.17 in 2020[26] - The net profit after deducting non-recurring gains and losses was -¥34,751,989.86 in 2021, compared to ¥44,624,544.43 in 2020, a decrease of 177.88%[26] - The weighted average return on net assets for 2021 was 1.46%, down 14.28% from 15.74% in 2020[26] Revenue Breakdown - Revenue from enterprise services accounted for 67.22% of total revenue, amounting to ¥599,229,953.91, down 3.51% from ¥621,001,607.45[68] - The personal services segment saw a significant decline of 15.57%, generating ¥286,035,330.16, which constituted 32.09% of total revenue[68] - Revenue from mainland China increased by 4.90% to ¥488,192,963.21, while revenue from outside mainland China decreased by 20.10% to ¥403,207,050.95[68] Investment and R&D - Research and development investment increased by 3.43% year-on-year to 115.73 million yuan, focusing on overcoming technical challenges and enhancing product capabilities[59] - R&D investment increased by 3.43% from ¥111,891,467.39 in 2020 to ¥115,732,033.51 in 2021, with R&D investment as a percentage of operating revenue rising from 11.54% to 12.98%[91] - The company plans to invest a total of RMB 60,854.12 million in various projects, with actual investment in the reporting period amounting to RMB 4,975.08 million, achieving an investment progress of 48,465.92 million or 81.88%[123] Strategic Initiatives - The company aims to enhance its cloud services, focusing on integrating cloud, network, and end-user solutions to support digital transformation[40] - The company is exploring vertical markets for video cloud services, which are expected to grow rapidly due to increased demand and technological advancements[43] - The company aims to enhance its cloud services by integrating IaaS, PaaS, and SaaS, focusing on enterprise communication and digital transformation solutions[53] - The company will focus on building a "cloud + network + terminal" integrated cloud service capability, leveraging national development plans and policies to enhance existing businesses and target markets such as digital transformation and smart office[140] Market Trends and Opportunities - The video cloud market in China is expected to exceed 22 billion by 2024, driven by advancements in data compression, image quality, and the integration of AI and deep learning in video coding algorithms[46] - The "metaverse" market is projected to reach 800 billion by 2024 and 1.5 trillion by 2030, highlighting its rapid growth and integration of various new technologies[47] - The domestic "信创" (information technology application innovation) market was valued at 161.7 billion in 2020, with a projected CAGR of 37.4%, reaching nearly 800 billion by 2025[51] Governance and Management - The company has established performance evaluation and incentive mechanisms for directors, supervisors, and senior management[155] - The company maintains independent operations in business, personnel, assets, institutions, and finance from its controlling shareholder[159] - The company has a dedicated internal audit department to enhance compliance and protect shareholder rights[157] - The board consists of 7 members, including 3 independent directors, complying with legal and regulatory requirements[154] Shareholder Engagement - The company held its first extraordinary general meeting of 2021 on January 20, with a participation rate of 17.53%[162] - The annual general meeting for 2020 took place on May 20, 2021, with a participation rate of 17.57%[162] - The second extraordinary general meeting of 2021 was held on September 6, with a participation rate of 18.21%[162] Future Outlook - The company aims to achieve significant revenue growth in the upcoming fiscal year, with specific performance targets set to guide its strategic initiatives[171] - Future outlook remains positive, with expectations of sustained growth driven by innovation and market expansion efforts[182] - The company plans to enhance its marketing strategy, increasing the budget by 25% to drive user engagement[182]

Financial Performance - Revenue for Q3 2021 was CNY 216,481,827.72, a decrease of 12.21% year-over-year[9] - Net profit attributable to shareholders was CNY 35,260,325.67, down 86.68% compared to the same period last year[9] - Basic earnings per share decreased by 90.00% to CNY 0.02[9] - Total operating revenue for the period was CNY 670,885,756.52, a decrease of 8.8% compared to CNY 735,312,680.28 in the previous period[34] - Net profit for the period was ¥91,078,739.56, a significant decrease from ¥399,236,295.07, reflecting a decline of about 77%[36] - Basic and diluted earnings per share dropped to ¥0.06 from ¥0.30, indicating an 80% decrease[40] - The company reported a total profit of ¥16,265,134.89, down from ¥489,318,302.27, reflecting a decline of about 97%[36] Cash Flow and Liquidity - Net cash flow from operating activities for the year-to-date was CNY 64,561,502.13, a decline of 51.45% year-over-year[9] - The company's cash and cash equivalents were CNY 419,025,180.24, a decrease from CNY 466,687,139.78 at the end of the previous year, indicating liquidity challenges[27] - Cash flow from operating activities generated ¥64,561,502.13, down from ¥132,975,217.38, a decline of approximately 51%[41] - Cash flow from investing activities netted ¥91,886,893.28, an increase from ¥35,657,863.91, showing a growth of about 157%[44] - The cash and cash equivalents at the end of the period were ¥412,439,886.89, slightly down from ¥424,423,553.91[44] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,807,688,418.98, down 4.73% from the end of the previous year[9] - The total assets decreased to CNY 2,807,688,418.98 from CNY 2,947,182,710.81, showing a decline in overall asset value[30] - Total liabilities were CNY 450,917,670.82, down from CNY 488,500,187.24, indicating improved debt management[33] - Total liabilities increased from 488,500,187.24 to 532,736,427.58, reflecting a growth of 44,236,240.34[52] - The company's equity attributable to shareholders was CNY 2,261,510,136.91, a decrease from CNY 2,368,688,927.17, reflecting a decline in retained earnings[33] - The company's equity remained stable at 2,458,682,523.57[52] Operational Challenges - The company experienced a significant decline in user acquisition in North America due to pandemic-related restrictions, impacting revenue[16] - The company noted a decrease in revenue from cloud video and conferencing services as pandemic-related demand subsided[16] - The company plans to focus on cost control and efficiency improvements in the upcoming quarters to enhance profitability[34] Investment and R&D - The company has increased its long-term equity investments to CNY 122,796,720.33 from CNY 50,875,073.75, suggesting a strategic shift towards investment growth[30] - R&D expenses increased to ¥82,219,353.00 from ¥77,000,200.08, representing a growth of approximately 2.9% year-over-year[36] - The company recorded investment income of ¥84,687,821.59, a substantial increase from ¥9,132,451.23, representing a growth of approximately 828%[36] Other Financial Metrics - The average return on equity was 1.57%, a decrease of 9.92% compared to the previous year[9] - Non-recurring gains and losses impacted net profit by CNY 20,715,159.37, primarily due to fair value changes in equity investments[17] - The company experienced a foreign exchange loss of ¥11,305,173.49, compared to a loss of ¥7,218,163.72 in the previous period[36] - The company has implemented new leasing standards starting from 2021, affecting the financial statements[53]

Financial Performance - The company's operating revenue for Q3 2021 was ¥216,481,827.72, a decrease of 12.21% compared to the same period last year[4]. - The net profit attributable to shareholders for the same period was ¥35,260,325.67, down 86.68% year-on-year[4]. - The net profit after deducting non-recurring gains and losses was ¥21,565,695.50, a decline of 32.24% compared to the previous year[4]. - Total operating revenue for the current period is $670.89 million, down from $735.31 million in the previous period, representing a decrease of approximately 8.8%[22]. - Net profit for the current period is $91.08 million, compared to $399.24 million in the previous period, indicating a significant decline of approximately 77%[22]. - Basic and diluted earnings per share decreased to $0.06 from $0.30, reflecting a drop of 80%[24]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥64,561,502.13, reflecting a decrease of 51.45% year-on-year[4]. - Cash flow from operating activities generated a net amount of $64.56 million, down from $132.98 million, a decrease of about 51%[25]. - Cash flow from investing activities showed a net inflow of $91.89 million, compared to $35.66 million in the previous period, an increase of approximately 157%[25]. - Cash flow from financing activities resulted in a net outflow of $202.41 million, worsening from a net outflow of $27.68 million in the previous period[28]. - The ending cash and cash equivalents balance decreased to $412.44 million from $424.42 million, a decline of about 2.3%[28]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,807,688,418.98, down 4.73% from the end of the previous year[4]. - As of September 30, 2021, the total current assets amounted to ¥904,637,232.33, a decrease from ¥965,913,030.17 at the end of 2020, representing a decline of approximately 6.5%[16]. - The company's total liabilities decreased to ¥450,917,670.82 as of September 30, 2021, compared to ¥488,500,187.24 at the end of 2020, reflecting a reduction of approximately 7.7%[18]. - The total equity attributable to shareholders of the parent company was ¥2,261,510,136.91 as of September 30, 2021, down from ¥2,368,688,927.17 at the end of 2020, a decrease of about 4.5%[18]. - The company's long-term equity investments increased to ¥122,796,720.33 as of September 30, 2021, compared to ¥50,875,073.75 at the end of 2020, showing a significant increase of approximately 141.4%[16]. - The total liabilities rose to CNY 532,736,427.58 from CNY 488,500,187.24, indicating an increase of CNY 44,236,240.34[32]. Non-Recurring Items and Other Adjustments - The company reported a non-recurring gain of ¥13,694,630.17 for the current period, influenced by fair value changes and tax impacts from the merger[7]. - The decline in net profit was primarily due to a significant decrease in the fair value of equity investments under non-current financial assets and reduced demand in the enterprise communication business due to the easing of domestic pandemic conditions[8]. - The company experienced a fair value loss of $141.86 million, contrasting with a gain of $360.95 million in the previous period, indicating a substantial negative shift[22]. - The company recognized a right-of-use asset of CNY 58,130,216.57 as part of the new leasing standard implementation[32].

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 454,403,928.80, a decrease of 7.02% compared to CNY 488,734,898.51 in the same period last year[25]. - The net profit attributable to shareholders for the first half of 2021 was CNY 50,551,399.04, down 61.70% from CNY 132,003,849.19 in the previous year[25]. - The net cash flow from operating activities was CNY 72,841,191.43, a decline of 21.88% compared to CNY 93,246,800.75 in the same period last year[25]. - The basic earnings per share for the first half of 2021 was CNY 0.04, a decrease of 60.00% from CNY 0.10 in the same period last year[25]. - The total assets at the end of the reporting period were CNY 2,830,381,857.62, a decrease of 3.96% from CNY 2,947,182,710.81 at the end of the previous year[25]. - The net assets attributable to shareholders decreased by 6.09% to CNY 2,224,502,438.75 from CNY 2,368,688,927.17 at the end of the previous year[25]. - The company reported a significant increase of 570.82% in net cash flow from investing activities, amounting to ¥169,970,036.96, primarily due to an increase in purchased financial products[46]. - The company reported a significant increase in R&D expenses, which rose to ¥55,744,342.32 from ¥50,419,967.62, marking an increase of about 11%[155]. - The total comprehensive income for the first half of 2021 was ¥42,381,039.19, down from ¥137,990,552.30 in the first half of 2020[156]. Revenue and Profitability - In Q2 2021, the operating revenue was CNY 231,126,145.83, an increase of 3.52% from CNY 223,277,782.97 in Q1 2021[25]. - The net profit attributable to shareholders in Q2 2021 was CNY 89,695,516.74, a significant increase of 329.14% compared to a loss of CNY 39,144,117.70 in Q1 2021[25]. - Revenue from enterprise business was ¥301,613,910.00, accounting for 66.38% of total revenue, with a slight decrease of 1.54% year-on-year[48]. - Revenue from personal business decreased by 15.61% to ¥149,735,637.75, representing 32.95% of total revenue[48]. - The company reported a net profit for the first half of 2021 of ¥54,191,916.27, down from ¥133,469,547.02 in the same period of 2020, reflecting a decline of approximately 59%[156]. Cash Flow and Investments - The company reported a net cash outflow from financing activities of ¥203,494,621.04, compared to a net outflow of ¥32,731,777.18 in the first half of 2020, indicating increased financing challenges[164]. - The total cash outflow from investment activities was ¥538,887,114.43, down from ¥1,127,610,562.36 in the first half of 2020, reflecting a reduction of 52.2%[165]. - The company achieved a return of CNY 253.15 million from entrusted financial management during the reporting period, with actual recoveries amounting to CNY 231.22 million[108]. - The company reported a significant increase in sales expenses, which rose to ¥61,827,590.47 from ¥70,490,318.49, indicating a decrease of about 12%[155]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company has outlined potential risk factors and strategies to address them in the report[5]. - The company is advancing its "cloud + network + terminal" integrated strategy, focusing on video conferencing and cloud services to meet diverse business needs, including online education and remote healthcare[37]. - The company has launched a new home security system (AIjia) in North America, integrating smart human recognition technology and cloud video storage, enhancing safety for overseas Chinese families[40]. - The company is committed to enhancing its investment strategies to strengthen core businesses and foster new growth areas through mergers and acquisitions[37]. Market Position and Operations - The company has maintained a leading market share in enterprise email services, providing stable and secure services to over 700,000 enterprise users across 150,000 companies[38]. - The international business unit has adjusted its strategy to focus on enterprise data services, voice services, and IDC services, enhancing its competitive edge through strategic partnerships and cost optimization[39]. - The company provides international conference services with access numbers in over 100 countries, ensuring high-quality and cost-effective solutions for enterprise clients[38]. - The company has developed a mature operational system, ensuring stable and efficient service delivery to users[42]. Shareholder and Equity Information - The company will not distribute cash dividends or issue bonus shares for the half-year period[75]. - The total number of shares before the change was 1,362,822,273, and after the change, it increased to 1,367,435,873, reflecting an increase of 4,613,600 shares[114]. - The largest shareholder, Li Xiaolong, holds 16.76% of the shares, totaling 229,140,264 shares[128]. - The company has a total of 111,725 shareholders at the end of the reporting period[128]. - The company’s stock option incentive plan has been approved by the board and independent directors, confirming compliance with relevant regulations[116]. Compliance and Governance - The company adheres to the accounting standards set by the Ministry of Finance, ensuring compliance and transparency in financial reporting[194]. - The company has not engaged in any significant related party transactions during the reporting period[92]. - The company has not experienced any penalties or rectification situations during the reporting period[91]. - The semi-annual financial report has not been audited[88]. Risks and Challenges - The company faces risks related to technological innovation, management control, project implementation, exchange rate fluctuations, and goodwill impairment[68][69][70]. - The company plans to enhance performance evaluation management to improve operational efficiency and promote sustainable business growth[69]. - The company has not encountered any situations where the expected recovery of principal from entrusted financial management is uncertain[110].

Financial Performance - The company's operating revenue for Q1 2021 was ¥223,277,782.97, a decrease of 9.65% compared to ¥247,129,628.00 in the same period last year[8] - The net profit attributable to shareholders of the listed company was -¥39,144,117.70, representing a decline of 209.81% from ¥35,647,633.96 in the previous year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥20,063,575.85, down 31.08% from ¥29,110,429.26 year-on-year[8] - The basic earnings per share for the reporting period was -¥0.03, a decrease of 200.00% compared to ¥0.03 in the same period last year[8] - The diluted earnings per share also stood at -¥0.03, reflecting a 200.00% decline from the previous year's ¥0.03[8] - The weighted average return on net assets was -1.66%, down 3.37% from 1.71% in the same period last year[8] - Operating profit for Q1 2021 was CNY -55,319,998.78, compared to CNY 36,477,918.02 in the same period last year, indicating a significant decline[56] - The net profit for the first quarter was -49,969,154.11 CNY, compared to -4,539,218.57 CNY in the same period last year, indicating a significant increase in losses[64] - The company’s total comprehensive income for the quarter was -49,969,154.11 CNY, reflecting a larger loss compared to -4,539,218.57 CNY in the same quarter last year[64] Cash Flow - The net cash flow from operating activities increased by 10.28% to ¥27,696,382.30 from ¥25,114,823.31 in the same period last year[8] - Cash flow from operating activities generated a net amount of 27,696,382.30 CNY, up from 25,114,823.31 CNY in the previous year[65] - Cash flow from investment activities showed a net inflow of 69,261,866.93 CNY, a turnaround from a net outflow of -29,227,695.79 CNY in the same quarter last year[67] - The cash flow from financing activities resulted in a net outflow of -1,223,175.39 CNY, contrasting with a net inflow of 736,528.56 CNY in the previous year[67] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,939,399,497.92, a slight decrease of 0.26% from ¥2,947,182,710.81 at the end of the previous year[8] - The total liabilities as of March 31, 2021, were ¥516,512,372.45, compared to ¥488,500,187.24 at the end of 2020, indicating an increase of about 5.7%[46] - The company's total equity attributable to shareholders was ¥2,331,639,867.90, down from ¥2,368,688,927.17 at the end of 2020, representing a decrease of about 1.6%[49] - Total liabilities decreased to CNY 478,673,484.04 from CNY 710,960,544.73 at the end of 2020, reflecting a reduction in financial obligations[55] - The total assets increased from CNY 2,947,182,710.81 on December 31, 2020, to CNY 2,991,418,951.15 on January 1, 2021, reflecting an adjustment of CNY 44,236,240.34[79] Investments and Expenses - Financial expenses decreased by 290.31% to -¥1,397,048.22 primarily due to reduced exchange losses and increased interest income[22] - Investment income increased by 51.55% to ¥4,363,854.55 from the sale of certain stocks[22] - Research and development expenses for Q1 2021 were CNY 29,546,244.14, an increase of 6.63% from CNY 27,818,574.88 in Q1 2020[56] Other Financial Information - The company reported no violations regarding external guarantees during the reporting period[37] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[38] - The company has a future financial management plan in place, ensuring continued investment strategies[34] - The company has committed ¥36,040 million to entrusted financial management, with an outstanding balance of ¥24,100 million[30] - The company reported a total of 2,751,296,656.84 in total assets, reflecting a slight increase in overall financial position[86] - The first quarter report for 2021 was not audited, indicating a potential area for investor scrutiny[87]