Financial Performance - The company's operating revenue for 2020 was ¥969,995,257.17, representing a decrease of 4.30% compared to 2019[24] - The net profit attributable to shareholders for 2020 was ¥348,325,249.39, an increase of 99.48% year-on-year[24] - The net cash flow from operating activities was ¥220,933,220.19, reflecting a growth of 51.07% compared to the previous year[24] - Basic earnings per share for 2020 were ¥0.26, doubling from ¥0.13 in 2019[24] - The weighted average return on equity was 15.74%, up from 8.72% in 2019, indicating improved profitability[24] - The company reported a net profit excluding non-recurring gains and losses of ¥44,624,544.43, which is a 21.69% increase from the previous year[24] - The company reported a net profit attributable to shareholders of ¥264,680,893.44 in Q3 2020, but a loss of ¥48,359,493.24 in Q4 2020[30] - The net cash flow from operating activities in Q4 2020 was ¥87,958,002.81, showing a significant increase compared to previous quarters[30] - Operating profit for the period was ¥41,281.59 million, an increase of 98.69% compared to the previous year[58] - The company achieved a net profit of 352.12 million yuan, with a net cash flow from operating activities of 220.93 million yuan, primarily due to an increase in cash flow from international dedicated lines, data centers, enterprise meetings, and live streaming services, as well as social security reductions during the pandemic[80] Assets and Investments - Total assets at the end of 2020 reached ¥2,947,182,710.81, an increase of 8.81% compared to the adjusted total assets of ¥2,708,651,589.48 at the end of 2019[27] - Net assets attributable to shareholders at the end of 2020 were ¥2,368,688,927.17, reflecting a 14.83% increase from the adjusted net assets of ¥2,062,692,811.76 at the end of 2019[27] - The company’s equity assets increased by ¥292,350,000, representing a 63.99% increase, primarily due to the rise in fair value of non-current financial assets[39] - The company’s cash and cash equivalents increased by ¥177,820,000, a 61.56% rise, indicating improved liquidity[39] - The company’s financial assets at fair value increased, with trading financial assets at the end of the period amounting to 1,011.65 million yuan, reflecting a change due to currency fluctuations[89] - The company’s cash and cash equivalents represented 15.84% of total assets at the end of 2020, up from 10.65% at the beginning of the year, indicating improved liquidity[86] Revenue Segmentation - The enterprise business segment generated ¥621,001,607.45, accounting for 64.02% of total revenue, with a year-on-year increase of 2.39%[58] - The personal business segment reported revenue of ¥338,765,266.60, representing a decline of 13.93% year-on-year[58] - In 2020, the company's revenue from mainland China was CNY 465,383,150.31, accounting for 47.98% of total revenue, a decrease of 6.31% compared to 2019[61] - Revenue from outside mainland China was CNY 504,612,106.86, representing 52.02% of total revenue, with a decrease of 2.37% year-over-year[61] - The communication industry generated revenue of CNY 969,995,257.17, with a gross margin of 55.28%, reflecting a year-over-year decline of 4.30% in revenue[61] - The enterprise business segment reported revenue of CNY 621,001,607.45, with a gross margin of 49.79%, showing a 2.39% increase in revenue compared to the previous year[61] - The personal business segment's revenue was CNY 338,765,266.60, with a gross margin of 65.18%, experiencing a significant decline of 13.93% year-over-year[61] Research and Development - Total R&D investment for 2020 was CNY 111,891,467.39, which is 11.54% of total revenue, down from 12.37% in 2019[76] - The number of R&D personnel decreased by 37.82% to 370, representing 34.51% of the workforce[76] - The company will continue to invest in research and development to enhance product innovation and capabilities, particularly in the areas of audio-visual interaction and AI applications[132] Strategic Initiatives - The company is focusing on expanding its "cloud + network + terminal" integrated strategy, enhancing its service offerings in enterprise communication and international markets[38] - The company aims to leverage mergers and acquisitions to strengthen its core business and foster new business development[38] - The company plans to enhance its strategic layout in enterprise communication and expand into the IDC cloud computing service sector through the acquisition of Shanghai Naisong[112] - The company aims to enhance its governance capabilities and improve its asset structure to increase profitability, with a focus on return on equity (ROE) as a key performance indicator[129] - The company will focus on developing an APaaS platform to enhance product scalability and development efficiency, addressing diverse customer needs and creating greater value chains[133] Risk Management - The company has outlined future risks and countermeasures in its report, emphasizing the importance of risk awareness for investors[7] - The company recognizes the risk of technological innovation and will closely monitor changes in user demand to adapt its products and services accordingly[138] - The company will conduct annual goodwill impairment tests to mitigate risks associated with business uncertainties in the fast-evolving internet communication industry[139] - The company will actively monitor foreign exchange fluctuations due to its significant overseas revenue, implementing measures to mitigate adverse impacts[139] Dividend and Profit Distribution - The company plans to distribute a cash dividend of ¥1.5 per 10 shares, totaling approximately ¥204,423,355.95 based on the current total share capital[8] - The cash dividend for 2020 represents 58.69% of the net profit attributable to shareholders, which is 348,325,249.39 RMB[149] - The company has a policy of retaining undistributed profits for future use, as indicated in the 2020 profit distribution plan[150] - The cash dividend distribution is in line with the company's commitment to share growth with shareholders while ensuring stable operations[152] Corporate Governance - The company has engaged Deloitte Huayong as its accounting firm, ensuring compliance and oversight[23] - The company has maintained its accounting policies without any significant changes compared to the previous year[160] - The company has not faced any bankruptcy reorganization or delisting issues during the reporting period[167] - The company has not encountered any major accounting errors requiring retrospective restatement[161] Legal and Compliance - The company is involved in a copyright infringement lawsuit with a potential liability of approximately 43.41 million yuan, with a settlement agreement reached for a total payment of 950,000 USD[170] - The company has adhered strictly to its commitments regarding share transfer restrictions, ensuring no transfers within specified periods[156] - The company has not reported any non-operating fund occupation by major shareholders during the reporting period[159] Employee and Stock Options - The company canceled a total of 1,241,000 stock options due to 21 employees leaving, reducing the number of stock option recipients from 246 to 225 and the total granted stock options from 16,379,500 to 15,138,500[173] - The second exercise period for the 2018 stock option incentive plan allows 81 recipients to exercise 2,422,500 stock options at a price of 4.44 CNY per share, valid from May 13, 2020, to February 4, 2021[173] - The first exercise period for the 2018 stock option incentive plan allows 144 recipients to exercise 6,358,000 stock options at a price of 2.94 CNY per share, valid from May 13, 2020, to December 11, 2020[174]

二六三网络通信股份有限公司 2020 年第三季度报告全文 二六三网络通信股份有限公司 2020 年第三季度报告 2020 年 10 月 1 二六三网络通信股份有限公司 2020 年第三季度报告全文 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。 公司负责人李小龙、主管会计工作负责人李光千及会计机构负责人(会计主 管人员)孟雪霞声明：保证季度报告中财务报表的真实、准确、完整。 2 二六三网络通信股份有限公司 2020 年第三季度报告全文 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 | --- | --- | --- | --- | --- | |-----------------------------------------------------|-----------------------------|---------------------------------|---------- ...

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 488.73 million, a decrease of 4.19% compared to CNY 510.08 million in the same period last year[24]. - Net profit attributable to shareholders was CNY 132.00 million, representing a significant increase of 105.56% from CNY 64.22 million year-on-year[24]. - The net profit after deducting non-recurring gains and losses was CNY 78.74 million, up 27.31% from CNY 61.85 million in the previous year[24]. - The net cash flow from operating activities was CNY 93.25 million, an increase of 61.65% compared to CNY 57.68 million in the same period last year[24]. - Basic and diluted earnings per share both reached CNY 0.10, doubling from CNY 0.05 in the previous year[24]. - Operating profit for the period was 142.92 million yuan, an increase of 143.38% compared to the same period last year[48]. - The gross profit margin for the communication industry was 55.72%, with a slight decrease of 1.07% compared to the previous year[63]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2.83 billion, a 4.41% increase from CNY 2.71 billion at the end of the previous year[24]. - Net assets attributable to shareholders increased to CNY 2.18 billion, reflecting a growth of 5.53% from CNY 2.06 billion at the end of the previous year[24]. - Cash and cash equivalents decreased to ¥314,175,973, representing 11.11% of total assets, down from 21.75%, a decrease of 10.64% year-over-year[67]. - Accounts receivable decreased to ¥85,510,302.28, accounting for 3.02% of total assets, down from 5.75%, a decrease of 2.73% year-over-year due to new revenue recognition standards[67]. - Short-term borrowings increased to ¥11,377,421.26, representing 0.40% of total assets, compared to 0% in the previous year, primarily due to loans obtained from local governments during the pandemic[67]. Investments and Expenditures - The company’s investment activities generated a net cash flow of CNY -36,100,739.90, an improvement of 24.44% compared to CNY -47,778,269.79 in the previous year[59]. - Total investments during the reporting period reached ¥1,127,610,562.36, a significant increase of 410.61% compared to ¥220,836,333.66 in the same period last year[72]. - The company has committed to various investment projects, with a total commitment of ¥76,500 million, of which ¥10,373.63 million has been invested during the reporting period[83]. - The acquisition of 51% stake in Shanghai Naisong Communication Technology Co., Ltd. resulted in an accumulated investment loss of RMB 12.49 million as of June 30, 2020, primarily due to delays in obtaining the IDC license and impacts from the COVID-19 pandemic[85]. Revenue Sources and Business Growth - The company's cloud video business, including enterprise live streaming and video conferencing, saw significant growth due to increased demand from online education and remote work during the pandemic[48]. - The company serves over 5,000 large and medium-sized enterprises and well-known educational institutions globally with its enterprise live streaming services[51]. - The cloud meeting business is expanding steadily, providing international access numbers in over 100 countries and regions, along with 24/7 professional customer service[53]. - The company aims to provide enterprise-level SaaS services and international cross-border communication services, leveraging the "Belt and Road" initiative[35]. - The company has established a strong marketing channel with over a hundred primary agents, enhancing its product promotion capabilities across major market sectors[44]. Risk Factors and Challenges - The company has outlined potential risk factors in its report, emphasizing the need for investors to be aware of investment risks[7]. - The company has identified risks related to technological innovation and market changes, emphasizing the need to adapt to rapid developments in communication technology[106]. - The international communication business faced project delays due to the pandemic but is still executing its annual strategy effectively[54]. Shareholder and Stock Information - The total number of shares is 1,361,924,423, with 85.71% being unrestricted shares[154]. - The company has not engaged in any significant related party transactions during the reporting period[130]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[180]. - The total number of ordinary shareholders at the end of the reporting period was 140,657[172]. Corporate Governance and Compliance - The company has not experienced any penalties or corrective actions during the reporting period[124]. - The company has not faced any media scrutiny during the reporting period[123]. - The company confirmed compliance with relevant regulations regarding the stock option and restricted stock incentive plans[156]. Future Outlook - The company plans to continue expanding its market presence and developing new products and technologies in the upcoming quarters[164]. - Future guidance indicates a focus on strategic acquisitions to enhance market position and product offerings[164]. - The overall performance in the first half of 2020 shows resilience despite market challenges, with a strategic focus on innovation and growth[164].

Financial Performance - The company's operating revenue for Q1 2020 was CNY 247,129,628, a decrease of 5.84% compared to the same period last year[8]. - The total profit increased by 29.62% year-on-year, primarily due to growth in corporate meetings and live streaming services amid the pandemic, along with government social security exemptions[8]. - The net profit attributable to shareholders decreased by 3.46% year-on-year, mainly due to the recognition of deferred tax assets in the previous year[8]. - The net cash flow from operating activities was CNY 25,114,823, down 38.86% from the previous year[8]. - Total operating revenue for Q1 2020 was CNY 247,129,628, a decrease of 5.1% from CNY 262,463,173.80 in Q4 2019[57]. - Net profit for Q1 2020 was CNY 36,301,854.24, a slight decrease of 1.9% compared to CNY 36,987,553.09 in Q4 2019[57]. - Total operating costs decreased to CNY 211,161,025.24, down 8.4% from CNY 230,442,600.81 in Q4 2019[57]. - Operating profit turned negative at -¥6,724,520.01 compared to a loss of -¥286,293.75 in the previous period[65]. - Net profit for the period was -¥4,539,218.57, a significant decrease from a profit of ¥9,450,983.09 in the same period last year[65]. - Comprehensive income totalled -¥4,539,218.57, down from ¥9,450,983.09 year-over-year[65]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,761,240,329.35, an increase of 1.94% from the end of the previous year[8]. - The total liabilities increased to CNY 662,338,136.01 from CNY 653,172,100.75 at the end of 2019, reflecting a rise of 1.8%[53]. - The company's total assets as of March 31, 2020, were CNY 2,532,848,836.17, a marginal increase from CNY 2,526,758,271.21 at the end of 2019[50]. - The total assets increased slightly from ¥2,708,651,589.48 to ¥2,712,587,831.46[79]. - The total liabilities rose from ¥559,763,245.68 to ¥563,963,852.54, indicating an increase of ¥4,200,606.86[81]. - The company recognized accounts receivable of ¥100,569,283.13 and contract assets of ¥58,599,933.20 due to the new revenue recognition standards[83]. - The company reported a total of ¥208,815,635.98 in contract liabilities, reflecting obligations to transfer goods to customers[83]. Shareholder Information - The net assets attributable to shareholders increased by 2.01% to CNY 2,104,091,406.86 compared to the end of the previous year[8]. - The total number of shareholders at the end of the reporting period was 161,773[15]. - The equity attributable to shareholders of the parent company rose to CNY 1,870,510,700.16, compared to CNY 1,873,586,170.46 at the end of 2019[53]. - The company's equity attributable to shareholders decreased by ¥264,364.88, from ¥2,062,692,811.76 to ¥2,062,428,446.88[81]. Cash Flow and Investments - Cash and cash equivalents decreased to CNY 56,886,010.12 from CNY 80,606,353.02 at the end of 2019, a decline of 29.5%[50]. - Cash flow from operating activities generated a net inflow of ¥25,114,823.31, down from ¥41,078,463.72 in the previous period[69]. - Investment activities resulted in a net cash outflow of -¥29,227,695.79, compared to a net inflow of ¥41,912,908.41 in the previous period[69]. - The company reported a significant increase in other income, which rose by 101395.56% to ¥4,708,977.97, driven by government subsidies related to social security reductions due to the pandemic[23]. - The company reported an investment income of CNY 2,879,397.39, compared to a loss of CNY 124,433.69 in Q4 2019[57]. Research and Development - Research and development expenses for Q1 2020 were CNY 27,818,574.88, down from CNY 29,431,963.75 in Q4 2019, indicating a reduction of 5.5%[57]. - The company reported a significant increase in research and development expenses to ¥1,980,109.87, indicating a focus on innovation[62]. Government Support - The company received government subsidies amounting to CNY 4,769,937.57 during the reporting period[10]. - The company confirmed a bad debt provision for accounts receivable amounting to ¥9,833,611.29 and for contract assets amounting to ¥5,366,154.47[83]. Other Financial Metrics - The basic and diluted earnings per share for the period were both CNY 0.03, unchanged from the previous year[8]. - The weighted average return on equity was 1.71%, a decrease of 0.26% from the previous year[8]. - Financial expenses rose by 135.02% to ¥734,073.29, mainly due to a decrease in interest income from fixed-rate structured deposits[23]. - The company plans to expand its market presence and enhance product offerings through strategic investments and partnerships[64]. - The first quarter report for 2020 was not audited[91].

Financial Performance - The company's operating revenue for 2019 was CNY 1,013,565,798.16, representing a 9.13% increase compared to CNY 928,733,524.63 in 2018[26]. - The net profit attributable to shareholders of the listed company reached CNY 174,612,994.49, a significant increase of 102.94% from CNY 86,042,223.02 in the previous year[26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 36,671,967.01, showing a decrease of 53.66% compared to CNY 79,138,319.07 in 2018[26]. - The net cash flow from operating activities was CNY 146,243,612.74, which is a 14.70% increase from CNY 127,495,669.92 in the previous year[26]. - Basic earnings per share increased to CNY 0.13, up 116.67% from CNY 0.06 in 2018[26]. - The diluted earnings per share also rose to CNY 0.13, reflecting the same percentage increase of 116.67% from CNY 0.06 in the previous year[26]. - The weighted average return on equity was 8.72%, an increase from 4.63% in 2018[26]. - The company reported a total of CNY 137,941,027.48 in non-recurring gains and losses for 2019, significantly higher than CNY 6,903,903.95 in 2018[37]. - The company achieved a revenue of 1,013.57 million CNY in 2019, an increase of 9.13% compared to the previous year[53]. - The net profit attributable to shareholders reached 174.61 million CNY, up 102.94% year-on-year[53]. Assets and Investments - Total assets at the end of 2019 were CNY 2,708,651,589.48, an increase of 6.66% compared to the end of 2018[29]. - Net assets attributable to shareholders at the end of 2019 were CNY 2,062,692,811.76, reflecting an increase of 8.41% from the end of 2018[29]. - The company’s equity assets increased by CNY 21,232.07 million, a rise of 86.83%, primarily due to the increase in the fair value of non-current financial assets[42]. - Cash and cash equivalents decreased by CNY 32,684.57 million, a reduction of 53.08%, mainly due to increased bank wealth management purchases and dividend payments[42]. - The company’s investment in non-current financial assets saw significant fair value increases, contributing to profit growth[53]. - The total amount of other non-current financial assets reached CNY 406,952,801.34, which is 15.02% of total assets, an increase of 7.68%[89]. - The fair value of trading financial assets increased by CNY 177,753,998.54 during the period, with a total of CNY 809,626,595.63 at the end of the reporting period[93]. Dividends and Profit Distribution - The company plans to distribute a cash dividend of CNY 0.5 per 10 shares, totaling CNY 67,702,109.65 based on the current total share capital of 1,354,041,873 shares[9]. - The profit distribution plan for 2019 proposes a cash dividend of RMB 0.5 per 10 shares, totaling RMB 67,702,093.65, which represents 38.77% of the net profit attributable to ordinary shareholders[153][157]. - The cash dividend for 2019 is 100% of the total distributable profit, indicating a strong commitment to returning value to shareholders[158]. - The company has not proposed any stock bonus or capital reserve conversion for the 2019 fiscal year[153]. Business Operations and Strategy - The company has not reported any changes in its main business since its listing[24]. - The company plans to expand its international communication services, leveraging the "Belt and Road" initiative[40]. - The company is actively pursuing mergers and acquisitions to enhance its main business and foster new business development[54]. - The company aims to leverage its advantages in product, talent, and capital to explore international markets, particularly in the OTT sector, as domestic competition intensifies[131]. - The company is focusing on international market expansion as part of its long-term sustainable development strategy[134]. - The company aims to provide communication services using internet technology and resale methods, focusing on enterprise-level SaaS services for various domestic enterprises[138]. - The company is committed to leveraging internet technology to enhance communication services for its clients[138]. Research and Development - The company has a strong focus on R&D in communication technology, holding multiple patents in internet communication and resale[46]. - Research and development expenses amounted to CNY 117,903,664.82, a decrease of 12.84% compared to the previous year[77]. - R&D personnel accounted for 56.13% of the workforce, up from 53.09% in the previous year[79]. - The company’s R&D investment capitalized amount was CNY 9,170,768.88, a significant increase of 402.38% compared to the previous year[79]. Market Trends and Future Outlook - The company’s cloud video business is expected to benefit significantly from the 5G technology development, aligning with the "Video+" strategy initiated in 2019[130]. - The Chinese 5G commercial launch is anticipated to drive explosive growth in the telecommunications sector from 2020 to 2025, enhancing user experience and supporting a vast number of IoT devices[130]. - The market for cloud office and video services is expected to experience rapid growth post-pandemic as enterprises favor these efficient communication methods[138]. - The company is positioned to become a comprehensive internet service provider in North America, targeting both enterprise and personal customer markets[138]. Compliance and Governance - The company has not reported any issues or problems in the use and disclosure of raised funds[111]. - The company has received necessary approvals for all investment changes, ensuring compliance with regulations from the China Securities Regulatory Commission and the Shenzhen Stock Exchange[119]. - The company has implemented new financial instrument standards effective from January 1, 2019, which require financial assets to be classified based on cash flow characteristics and management business models[170]. - The company has complied with the revised consolidated financial statement format issued by the Ministry of Finance on September 19, 2019[170]. Legal and Regulatory Matters - There is an ongoing copyright infringement lawsuit involving the company's wholly-owned subsidiary iTalk Global Communications, Inc. with a claim amount of 434.14 million RMB[178]. - The company reported no significant related party transactions during the reporting period[184]. - The report indicates no penalties or rectifications faced by the company during the reporting period[177].

二六三网络通信股份有限公司 2019 年第三季度报告全文 二六三网络通信股份有限公司 2019 年第三季度报告 2019 年 10 月 1 二六三网络通信股份有限公司 2019 年第三季度报告全文 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。 公司负责人李小龙、主管会计工作负责人李光千及会计机构负责人(会计主 管人员)王志慧声明：保证季度报告中财务报表的真实、准确、完整。 2 二六三网络通信股份有限公司 2019 年第三季度报告全文 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：其他原因(2018 年年度权益分派实施，以资本公积向全体股东每 10 股转增 7 股，上年同期基本每股收益和稀释每股收益进行追溯调整） | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------ ...

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 510,082,421.31, representing a 20.94% increase compared to the same period last year[24]. - The net profit attributable to shareholders of the listed company was CNY 64,218,171.07, a 60.22% increase year-on-year[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 61,850,307.25, reflecting a 75.51% increase compared to the previous year[24]. - The net cash flow from operating activities reached CNY 57,683,159.07, marking a significant increase of 225.90% year-on-year[24]. - The basic earnings per share for the reporting period was CNY 0.05, up 66.67% from the previous year[24]. - The total assets at the end of the reporting period amounted to CNY 2,552,814,385.13, a slight increase of 0.52% from the end of the previous year[24]. - The net assets attributable to shareholders of the listed company were CNY 1,959,623,352.99, which is a 2.99% increase compared to the previous year[24]. - The weighted average return on net assets was 3.27%, an increase of 1.08% compared to the previous year[24]. Revenue and Cost Analysis - The operating cost increased by 37.52% to ¥231,335,018.16 from ¥168,215,947.35, primarily due to the inclusion of Dayrise Technology and 263 Global Communications in the reporting period[62]. - The gross profit margin for the communication industry was 54.65%, down 5.47% year-on-year, indicating increased costs relative to revenue growth[65]. - The revenue from enterprise business grew by 47.08% to ¥309,051,195.80, while the revenue from personal business declined by 3.99% to ¥193,920,875.77[65]. Investment and R&D - The company is investing heavily in R&D for video technology, utilizing H.265/VP9 codecs to improve audio and video quality while offering low-cost hardware solutions[55]. - Development expenditures increased by 4,608.3 million yuan, a growth rate of 252.45%, mainly due to the ongoing capitalization of the 263 Cloud Vision System project and the 263 E-School live broadcast project[35]. - The company's R&D investment decreased by 4.15% to ¥63,415,527.79, attributed to the amortization of self-developed software from the acquisition of Yandong Technology in 2018[62]. Business Strategy and Market Position - The company focuses on providing enterprise-level SaaS services and international communication services, aiming to become a leading provider in China[34]. - The company has established three main business divisions: Enterprise Communication, International Communication, and North American Internet Services, facilitating better coordination and internal collaboration[48]. - The enterprise communication business has seen steady improvements in product quality and service levels, driven by the "Video+" strategy, enhancing customer service capabilities[48]. - The company has maintained a leading position in the commercial live streaming sector, serving over 1,000 large and medium-sized enterprises and renowned educational institutions globally[50]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares[8]. - The total number of shares after the recent changes is 1,353,705,178, with 85.23% being unrestricted shares[139]. - The company’s total share capital was 795,989,216 shares as of the dividend distribution[147]. - The independent directors agreed to the execution of the stock option incentive plan based on the fulfillment of the exercise conditions[147]. Risk Factors and Legal Matters - The company has disclosed potential risk factors in its report, emphasizing the importance of risk awareness for investors[7]. - The company is closely monitoring exchange rate fluctuations due to significant overseas business revenue, which may impact operational performance[104]. - The company has ongoing litigation involving copyright infringement with a potential amount of RMB 43,413.73 million, currently in the investigation stage[113]. Other Financial Metrics - The company reported a net cash outflow from investing activities of ¥47,778,269.79, a 55.62% improvement compared to the previous year[62]. - The net cash outflow from financing activities was ¥70,709,166.37, a significant increase of 250.84% due to dividend distributions during the reporting period[62]. - The company reported a total of RMB 76,523.31 million in raised funds, with RMB 2,710.41 million invested during the reporting period and a cumulative investment of RMB 44,406.29 million[82].

Financial Performance - The company's operating revenue for Q1 2019 was ¥262,463,173.80, representing a 30.95% increase compared to ¥200,430,080.11 in the same period last year[8]. - Net profit attributable to shareholders for Q1 2019 was ¥36,924,947.38, a significant increase of 165.85% from ¥13,889,636.77 in the previous year[8]. - The net profit after deducting non-recurring gains and losses reached ¥34,687,985.10, marking a 208.00% increase from ¥11,262,293.72 year-on-year[8]. - Basic earnings per share for Q1 2019 were ¥0.05, up 150.00% from ¥0.02 in the previous year[8]. - Operating profit for Q1 2019 was CNY 31,854,487.45, compared to CNY 14,450,464.64 in Q1 2018, indicating a significant increase of about 120%[56]. - Net profit for Q1 2019 reached CNY 36,987,553.09, up from CNY 10,695,378.01 in Q1 2018, reflecting an increase of approximately 245%[56]. Cash Flow - The net cash flow from operating activities was ¥41,078,463.72, showing a remarkable increase of 574.80% compared to ¥6,087,500.53 in the same quarter last year[8]. - The net cash flow from operating activities surged by 574.80% to CNY 41,078,463.72, attributed to increased business volume and the recovery of accounts receivable from China Unicom[25]. - Cash inflow from operating activities totaled ¥266,315,046.34, up from ¥195,669,665.99, indicating a rise of about 36.0%[63]. - Cash outflow from operating activities was ¥225,236,582.62, compared to ¥189,582,165.46, reflecting an increase of approximately 18.8%[63]. - The net cash flow from investing activities improved to ¥41,912,908.41 from a negative ¥6,296,358.38, marking a turnaround of over 769.0%[63]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,613,232,963.10, reflecting a 2.90% increase from ¥2,539,538,499.89 at the end of the previous year[8]. - Total liabilities decreased to ¥547,134,251.04 from ¥558,737,291.19, marking a reduction of approximately 2.3%[42]. - The total assets as of March 31, 2019, amounted to CNY 2,222,730,705.46, an increase from CNY 2,155,672,476.18 at the end of 2018, representing a growth of about 3%[52]. - Total liabilities as of March 31, 2019, were CNY 347,629,915.12, compared to CNY 316,898,468.93 as of December 31, 2018, showing an increase of about 10%[52]. Shareholder Equity - Net assets attributable to shareholders increased by 4.48% to ¥1,987,937,691.77 from ¥1,902,702,794.12 at the end of the previous year[8]. - The total equity attributable to the parent company increased to ¥1,987,937,691.77 from ¥1,902,702,794.12, representing a growth of about 4.5%[45]. - The company reported a significant increase in undistributed profits, which rose to ¥272,374,750.46 from ¥151,440,953.64, indicating a growth of approximately 79.8%[45]. Costs and Expenses - The operating costs increased by 57.18% to CNY 120,805,130.30, primarily due to a rise in one-time service costs from Shanghai Naiseng IDC and costs from newly included revenues from subsidiaries[25]. - Research and development expenses for Q1 2019 were CNY 29,431,963.75, a decrease from CNY 33,166,832.51 in Q1 2018, indicating a reduction of about 11%[53]. - The financial expenses showed a significant decrease of 1960.72%, resulting in a financial income of CNY -2,095,966.93 due to reduced exchange losses[25]. Other Financial Metrics - The company confirmed a deferred tax asset of CNY 973.36 million based on future profit expectations, impacting the income tax expense significantly[25]. - The company reported a credit impairment loss of CNY 914,425.68 in Q1 2019, while there was no such loss in Q1 2018[56]. - Other comprehensive income after tax for Q1 2019 was CNY -5,027,529.17, compared to CNY -12,819,720.09 in Q1 2018, indicating an improvement[56].

Financial Performance - The company's operating revenue for 2018 was CNY 928,733,524.63, representing an increase of 11.11% compared to CNY 835,851,735.87 in 2017[24] - The net profit attributable to shareholders for 2018 was CNY 86,042,223.02, a significant increase of 177.67% from CNY 30,986,896.11 in 2017[24] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 79,138,319.07, up 618.74% from CNY 11,010,772.43 in 2017[24] - The basic earnings per share for 2018 was CNY 0.11, reflecting a 175.00% increase from CNY 0.04 in 2017[24] - The total assets at the end of 2018 amounted to CNY 2,539,538,499.89, an increase of 6.89% from CNY 2,375,904,975.20 at the end of 2017[24] - The net assets attributable to shareholders at the end of 2018 were CNY 1,902,702,794.12, up 5.01% from CNY 1,811,879,665.90 at the end of 2017[24] - The net cash flow from operating activities for 2018 was CNY 127,495,669.92, a decrease of 9.80% compared to CNY 141,349,980.76 in 2017[24] - The weighted average return on net assets for 2018 was 4.63%, an increase of 2.91% from 1.72% in 2017[24] Revenue Breakdown - The company's total revenue for the year was 1,000,733,425.63 CNY, with a quarterly breakdown showing Q1 at 200,430,080.11 CNY, Q2 at 221,330,942.61 CNY, Q3 at 253,660,776.03 CNY, and Q4 at 253,311,725.88 CNY[29] - Net profit attributable to shareholders for the year was 86,142,222.02 CNY, with quarterly figures of 13,889,636.77 CNY in Q1, 26,192,440.54 CNY in Q2, 29,106,162.80 CNY in Q3, and 16,853,982.91 CNY in Q4[29] - Enterprise business revenue accounted for 53.77% of total revenue, increasing by 31.84% to ¥499,394,272.04 from ¥378,778,834.71[66] - Personal business revenue decreased by 4.70% to ¥411,049,502.57, which constituted 44.26% of total revenue[66] - Revenue from mainland China was ¥541,219,328.44, accounting for 58.27% of total revenue, with a growth of 28.77% compared to the previous year[66] Business Development and Strategy - The company has outlined potential risks and strategies for future development in its board report[6] - The company aims to become a leading provider of enterprise-level SaaS services in China, focusing on corporate communication and collaboration[38] - The company has established three major business divisions: Enterprise Communication, International Communication, and North American Internet Comprehensive Services, facilitating better coordination and internal collaboration[51] - The company plans to focus on international communication services, leveraging the "Belt and Road" initiative to meet the growing demand for cross-border communication[125] - The company aims to enhance its product offerings with a "video+" strategy, establishing a comprehensive layout of its cloud communication services[128] Acquisitions and Partnerships - The company has expanded its international communication services, targeting enterprise users with cross-border communication solutions[38] - The company has formed strategic partnerships with hardware manufacturers like Polycom and Huawei to provide a complete "cloud + end" solution for enterprise communication products[53] - The company has established a strategic partnership with NTT to enhance its international communication business, leveraging NTT's brand and customer resources[60] - The acquisition of iTalkBB Media contributed approximately one million USD in profit while enhancing the Chinese television product line's profitability[60] - The company has acquired Shenzhen Risheng and I-ACCESS, generating revenues of 53.91 million yuan and 57.19 million yuan respectively since acquisition[120] Research and Development - The company invested heavily in R&D for video technology, adopting H.265/VP9 codecs to improve audio and video quality, and introduced low-cost hardware terminals that outperform existing market solutions[53] - Research and development expenses amounted to ¥135,265,671.88, a decrease of 15.67% compared to the previous year[77] - The number of R&D personnel decreased by 8.94% to 601, with R&D investment accounting for 14.76% of operating income[79] - The company maintained a focus on R&D in areas such as live broadcasting, overseas MVNO, enterprise mobile, and IoT[78] Financial Management - The company reported a government subsidy of 4,257,261.84 CNY, which is closely related to its business operations[30] - The company has a total of 10,759,000 CNY in cash and cash equivalents in overseas markets, representing 5.65% of total net assets[42] - The company has a significant portion of its revenue from overseas operations, which exposes it to foreign exchange risks due to currency fluctuations[134] - The company has consistently achieved expected returns across various financial products, demonstrating effective management of entrusted funds[189] Future Outlook - The company expects to achieve a net profit of no less than 162 million yuan in 2019, as per the performance assessment indicators of the stock incentive plan[127] - The upcoming 5G technology is anticipated to significantly enhance user experience in enterprise video conferencing and live streaming services, driving rapid growth in these areas[124] - The company plans to launch a new mobile app, Mobile Plus, in the Canadian market, offering a mobile plan at 50% of the market price for similar products, targeting the Chinese community[132] - The company aims to expand its international cross-border communication business by establishing a direct sales and channel sales system for outbound services in key countries and regions[131] Risk Management - The company has identified risks related to technological innovation, management control, project implementation, currency fluctuations, and goodwill impairment, and is taking measures to mitigate these risks[134][135] - The company will conduct annual goodwill impairment tests to monitor the value of its goodwill, which stands at RMB 110,595.07 million after accounting for accumulated impairment provisions[135] Corporate Governance - The company approved a stock option incentive plan in early 2018, granting 3.6 million options at an exercise price of 7.65 yuan per share[170] - The domestic accounting firm Deloitte Huayong has been retained for three consecutive years, with an audit service fee of 1.97 million yuan[162] - There were no significant lawsuits or arbitration matters reported during the period, and a copyright infringement case was resolved with the withdrawal of the plaintiff[166] Dividend Distribution - The company plans to distribute a cash dividend of 1.00 yuan per 10 shares, totaling 79,498,022 yuan, which represents 100% of the total profit distribution[148] - The company's undistributed profits amount to 91,228,769.17 yuan, which will be carried forward to the next fiscal year[148]

二六三网络通信股份有限公司 2018 年第三季度报告正文 证券代码：002467 证券简称：二六三 公告编号：2018-080 二六三网络通信股份有限公司 2018 年第三季度报告正文 2018 年 10 月 1 二六三网络通信股份有限公司 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。 公司负责人李小龙、主管会计工作负责人李光千及会计机构负责人(会计主 管人员)王志慧声明：保证季度报告中财务报表的真实、准确、完整。 2 二六三网络通信股份有限公司 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） | 2,527,966,950.39 | 2,375,904,975.20 | ...