Financial Performance - The company's operating revenue for Q1 2020 was ¥237,589,138.90, a decrease of 13.98% compared to ¥276,196,307.46 in the same period last year[8] - The net profit attributable to shareholders was -¥648,775.02, representing a decline of 124.15% from ¥2,686,962.50 in the previous year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥4,133,616.66, a decrease of 281.26% compared to ¥2,280,460.31 in the same period last year[8] - The net cash flow from operating activities was -¥80,260,083.89, which is a 98.97% increase in outflow compared to -¥40,337,972.55 in the previous year[8] - The basic earnings per share for the reporting period was -¥0.0004, a decrease of 122.22% from ¥0.0018 in the same period last year[8] - The diluted earnings per share for the reporting period was also -¥0.0004, reflecting the same decline of 122.22% compared to ¥0.0018 in the previous year[8] - The company reported a net profit of -650,645.94 yuan for Q1 2020, compared to a net profit of 2,681,411.85 yuan in the same period last year, indicating a significant decline[53] - The company's net loss for Q1 2020 was CNY 1,770,314.67, a significant increase from a loss of CNY 199,442.32 in the previous period[52] - The comprehensive income total was -673,480.71 yuan, down from 2,574,901.87 yuan in the same quarter last year[54] - The company's total profit amounted to 1,041,925.77 yuan, a decrease from 5,301,390.01 yuan year-over-year[53] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,312,202,889.92, down 3.45% from ¥4,466,240,317.62 at the end of the previous year[8] - The total assets of the company decreased from approximately 4.47 billion RMB at the end of 2019 to approximately 4.31 billion RMB as of March 31, 2020[44] - Total liabilities decreased to CNY 751,406,302.32 from CNY 904,770,987.76 at the end of 2019[46] - Total equity attributable to shareholders was CNY 3,554,367,481.95, slightly down from CNY 3,555,039,091.74[46] - The company’s total assets were CNY 4,415,819,589.05, a slight decrease from CNY 4,421,439,410.09[48] - The company’s retained earnings showed a negative balance of CNY -1,501,562,596.13, indicating ongoing financial challenges[46] - Total equity reached CNY 3,561,469,329.86, including CNY 1,518,685,574.00 in share capital and CNY -1,500,913,821.11 in undistributed profits[69] Cash Flow - Cash and cash equivalents increased by 71.32% compared to the beginning of the period, mainly due to the recovery of principal from bank wealth management products[15] - The total cash and cash equivalents at the end of the period were 883,376,577.10 CNY, up from 515,629,381.38 CNY at the beginning of the period, showing a significant increase in liquidity[62] - The cash inflow from investment activities was 1,087,285,164.73 CNY, significantly higher than 36,015,300.00 CNY in the previous period, reflecting a strong recovery in investment receipts[62] - The net cash flow from investment activities was 555,092,520.68 CNY, compared to -67,224,434.39 CNY in the previous period, showing a positive turnaround in investment performance[62] - The net cash flow from financing activities was -106,879,499.01 CNY, an improvement from -431,487,404.63 CNY in the previous period, indicating better management of financing[62] - The company experienced a net increase in cash and cash equivalents of 367,747,195.72 CNY, contrasting with a decrease of 539,346,523.97 CNY in the previous period, reflecting improved cash management[62] Shareholder Information - The company reported a total of 35,194 common shareholders at the end of the reporting period[11] - The largest shareholder, Dongguan Kingsun Group Co., Ltd., held 16.79% of the shares, amounting to 254,965,370 shares, with a portion pledged[11] - The performance compensation commitment has not yet been fully fulfilled, which may extend the lock-up period for shares[21] - The company has a performance compensation obligation that has not been fully executed, which may affect future share transfer restrictions[21] Future Outlook and Strategy - The company provided a positive outlook for the upcoming quarters, projecting a revenue growth of 10% to 15% for the full year 2020[27] - New product launches are expected to contribute an additional 5% to revenue, with two new products scheduled for release in Q2 2020[28] - The company is expanding its market presence in Southeast Asia, targeting a 25% increase in market share by the end of 2020[25] - Future guidance indicates a focus on sustainability initiatives, with a goal to reduce carbon emissions by 20% by 2025[27] - The company is exploring potential acquisitions to enhance its technology portfolio, with a budget of $50 million allocated for this purpose[27] - Strategic partnerships are being formed to enhance distribution channels, aiming for a 15% increase in sales through these new channels[28] Operational Challenges - The company is at risk of site closures if certain educational sites do not obtain the necessary operating licenses[16] - The company has initiated litigation regarding the invalidation of a mortgage contract, which is currently being processed by the court[18] - The company reported a net profit of RMB 5.638 billion for the period from 2015 to 2018, with a commitment to achieve this amount after deducting non-recurring gains and losses[22] - If the actual net profit falls below the promised amount, the counterparties are obligated to compensate the company by twice the difference[22] Cost Management - The company has implemented cost-cutting measures that are expected to save approximately $10 million annually[25] - The company's management expenses decreased to 3,743,070.41 yuan from 4,900,910.71 yuan year-over-year, reflecting cost control efforts[56] Compliance and Governance - The company aims to minimize related party transactions to protect shareholder interests and ensure compliance with legal and regulatory requirements[23] - The company has committed to ensuring that any unavoidable related party transactions are conducted fairly and transparently[23] - The company will ensure compliance with information disclosure obligations related to any related party transactions[23] - The company emphasizes the importance of adhering to fair and equitable principles in all related party transactions[23]

Financial Performance - The company's operating revenue for 2019 was ¥1,252,625,209.10, a decrease of 3.47% compared to ¥1,297,613,575.24 in 2018[16]. - The net profit attributable to shareholders for 2019 was -¥372,813,047.59, an improvement of 70.15% from -¥1,248,913,698.45 in 2018[16]. - The net cash flow from operating activities was -¥216,505,378.87, which represents a decline of 52.55% compared to -¥141,928,237.18 in the previous year[16]. - The total assets at the end of 2019 were ¥4,466,240,317.62, down 15.86% from ¥5,308,046,669.46 at the end of 2018[16]. - The net assets attributable to shareholders decreased by 9.65% to ¥3,555,039,091.74 from ¥3,934,642,402.18 in 2018[16]. - The basic earnings per share for 2019 was -¥0.24, improving by 70.73% from -¥0.82 in 2018[16]. - The weighted average return on net assets was -10.49%, an increase of 21.25% from -31.74% in the previous year[16]. - The company reported a net loss attributable to shareholders of 372,813,047.59 yuan for the year[63]. - The company reported a net profit of -7.038 million yuan for the year 2019, failing to meet the performance commitment of no losses[109]. Revenue Breakdown - Semiconductor lighting revenue increased by 1.49% to CNY 615,656,730.21, accounting for 49.15% of total revenue[44]. - Education training revenue decreased by 7.82% to CNY 636,968,478.89, representing 50.85% of total revenue[44]. - Domestic revenue was CNY 852,382,036.60, a decline of 3.94% from CNY 887,380,678.19 in 2018, accounting for 68.05% of total revenue[45]. - International revenue was CNY 400,243,172.50, down 2.44% from CNY 410,232,897.05, making up 31.95% of total revenue[45]. Investment and Assets - The company’s long-term equity investments increased to CNY 417,349,425.73, accounting for 9.34% of total assets, due to investments in joint ventures[67]. - The total investment amount for the reporting period was CNY 324,299,000.00, marking a 100% increase compared to the previous year[72]. - The company’s trading financial assets rose to CNY 603,155,253.31, representing 13.50% of total assets, due to increased purchases of wealth management products[67]. - Cash and cash equivalents decreased by 74.34% from the beginning of the period, mainly due to repayments of bank loans and investments in joint ventures[27]. Business Operations - The education training business, primarily operated by Longwen Education, focuses on personalized K12 tutoring, gaining recognition across over 20 cities in China[25]. - The company is expanding its semiconductor lighting business, which includes outdoor and smart lighting, and is increasing its market share in emerging markets such as Southeast Asia and Africa[25]. - The company launched a "Smart Streetlight" system that integrates various technologies for urban management, aiming to enhance smart city initiatives[26]. - The company is actively pursuing market expansion and innovation in both its education and lighting sectors to adapt to changing economic conditions[26]. Research and Development - The company has established a comprehensive research and development system for its education services, enhancing its competitive advantage in the K12 tutoring market[28]. - Research and development expenses increased by 98.16% to 18,753,953.90 yuan, reflecting the company's commitment to core technology development[58]. - The company is focusing on the integration of smart lighting and smart city solutions, leveraging big data and AI technologies[38]. Corporate Governance and Compliance - The company has faced a "delisting risk warning" due to consecutive years of negative net profit attributable to shareholders[5]. - The company has not made any changes to its controlling shareholder since its listing[15]. - The company has committed to strict compliance with relevant laws and regulations regarding related party transactions and information disclosure[107]. - The board of directors acknowledged the non-standard audit report and is actively seeking solutions to mitigate negative impacts[111]. Legal and Regulatory Issues - The company is involved in a legal dispute regarding performance commitment compensation, with ongoing litigation to enforce the compensation agreements[108]. - The company has faced external environmental impacts that have affected its operational profits[109]. - The company faced administrative penalties for major disclosure violations, including reprimands from the Shenzhen Stock Exchange for its actual controller and other executives[128]. Future Outlook - The company aims to enhance its competitive edge by investing in new technologies and innovative solutions in the optical industry[185]. - The company has set a revenue guidance of 1.5 billion RMB for the next fiscal year, projecting a growth rate of 25%[190]. - New product launches are expected to contribute an additional 300 million RMB in revenue, with a focus on energy-efficient lighting solutions[190]. - The company is exploring potential mergers and acquisitions to enhance its product portfolio and market reach[190]. Employee and Management - The company employed a total of 4,746 staff, with 3,394 holding a bachelor's degree or higher[196]. - The company has implemented a performance-based salary system for directors and senior management, combining "annual salary + performance" assessments[193]. - The company emphasizes employee training and development, organizing various training programs for new and mid-level managers[198].

Financial Performance - The company's operating revenue for Q1 2020 was ¥237,589,138.90, a decrease of 13.98% compared to ¥276,196,307.46 in the same period last year[8] - The net profit attributable to shareholders was -¥648,775.02, representing a decline of 124.15% from ¥2,686,962.50 in the previous year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥4,133,616.66, a decrease of 281.26% compared to ¥2,280,460.31 in the same period last year[8] - The basic earnings per share for the reporting period was -¥0.0004, a decrease of 122.22% from ¥0.0018 in the same period last year[8] - The diluted earnings per share for the reporting period was also -¥0.0004, reflecting the same decline of 122.22% compared to ¥0.0018 in the previous year[8] - The weighted average return on equity was -0.10%, down 0.16% from 0.06% in the previous year[8] - The company reported a net profit of -650,645.94 yuan for Q1 2020, compared to a net profit of 2,681,411.85 yuan in the same period last year, indicating a significant decline[53] - The total comprehensive income for the period was -673,480.71 yuan, a stark contrast to 2,574,901.87 yuan in the same quarter last year[54] - The company reported a total profit of 1,041,925.77 yuan before tax, down from 5,301,390.01 yuan in the previous year, reflecting a decline of approximately 80%[53] Cash Flow and Assets - The net cash flow from operating activities was -¥80,260,083.89, which is a 98.97% increase in cash outflow compared to -¥40,337,972.55 in the previous year[8] - Cash and cash equivalents increased by 48.30% compared to the beginning of the period, mainly due to the recovery of principal and interest from bank wealth management products[15] - Cash received from investment increased by 2676.78% compared to the previous period, due to an increase in the recovery of principal from bank wealth management products[15] - The total assets at the end of the reporting period were ¥4,688,473,351.66, down 3.19% from ¥4,842,843,564.35 at the end of the previous year[8] - The company's total assets decreased from approximately 4.84 billion RMB at the end of 2019 to about 4.69 billion RMB as of March 31, 2020[44] - The ending balance of cash and cash equivalents was 878,671,954.36 yuan, up from 1,470,399,741.70 yuan in the previous period, reflecting a decrease in liquidity[62] - The company experienced a net increase in cash and cash equivalents of 286,161,259.26 yuan, contrasting with a net decrease of 539,346,523.97 yuan in the previous period, indicating a recovery in cash position[62] Expenses and Liabilities - Total operating costs for Q1 2020 were CNY 238,876,712.15, down from CNY 273,987,148.31 in the previous period[52] - The company incurred management expenses of 3,743,070.41 yuan, a decrease from 4,900,910.71 yuan in the previous year, showing a reduction in operational costs[56] - Tax expenses decreased by 54.17% compared to the previous period, as Longwen Education enjoyed a VAT exemption policy[15] - Total liabilities decreased to CNY 716,811,067.85 from CNY 870,508,538.28[46] - The total current liabilities were CNY 655,763,953.37, down from CNY 702,476,489.03[46] Revenue Growth and Market Strategy - The company reported a significant increase in revenue for Q1 2020, with a year-over-year growth of 15%[25] - User data showed an increase in active users by 20% compared to the previous quarter, reaching a total of 1.2 million active users[26] - The company provided a positive outlook for the upcoming quarters, projecting a revenue growth of 10% to 15% for the full year 2020[27] - New product launches are expected to contribute an additional 5% to revenue, with two major products scheduled for release in Q2 2020[28] - The company is expanding its market presence in Southeast Asia, targeting a 25% market share in the region by the end of 2021[25] - A new marketing strategy has been implemented, aiming to increase brand awareness by 40% over the next year[28] Compliance and Governance - The company aims to minimize related party transactions and ensure compliance with legal and regulatory requirements[23] - The management emphasized the importance of adhering to regulatory requirements to ensure compliance and protect shareholder interests[26] - The company has committed to maintaining financial independence and transparency following the recent asset restructuring[25] - The company has not reached a settlement with other performance commitment compensation parties as of the report date and will actively participate in litigation to resolve these matters[30] Investment and Future Plans - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of $50 million allocated for potential deals in 2020[27] - Ongoing research and development efforts have led to a new technology that improves product efficiency by 30%[26] - The company is implementing new revenue and leasing standards starting in 2020, which may affect future financial reporting[72]

东莞勤上光电股份有限公司 2019 年第三季度报告全文 东莞勤上光电股份有限公司 DONGGUAN KINGSUN OPTOELECTRONIC CO.,LTD. 2019 年第三季度报告 （全文） 证券简称：勤上股份 证券代码：002638 披露日期：2019 年 10 月 1 东莞勤上光电股份有限公司 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。 董事仲长昊声明：因为瑞华会计师事务所（特殊普通合伙）对 2018 年财务 报告出具了保留意见的审计报告，会影响利润表和资产负债表的最终结果，故 我无法对勤上股份 2019 年第三季度报告中的财务数据的真实、准确、完整做出 判断，请投资者特别关注。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人陈永洪、主管会计工作负责人邓军鸿及会计机构负责人(会计主 管人员)邓军鸿声明：保证季度报告中财务报表的真实、准确、完整。 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | ...

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 576,393,680.42, a decrease of 11.68% compared to CNY 652,645,666.04 in the same period last year[16]. - The net profit attributable to shareholders of the listed company was CNY 7,050,085.54, down 91.50% from CNY 82,963,205.54 year-on-year[16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 1,679,159.03, a decline of 97.87% compared to CNY 78,805,230.08 in the previous year[16]. - Basic earnings per share decreased by 90.80% to CNY 0.0046 from CNY 0.05 in the previous year[16]. - The company reported a total profit of ¥12,971,651.49 for the first half of 2019, down from ¥98,140,463.73 in the previous year[151]. - The total comprehensive income for the first half of 2019 was ¥7,608,867.56, down from ¥81,442,633.03 in the same period of 2018[152]. Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 51,830,322.01, worsening by 184.45% from negative CNY 18,221,405.14 in the same period last year[16]. - The company's cash and cash equivalents at the end of the reporting period were CNY 1.44 billion, accounting for 29.34% of total assets, down 2.93% from the previous year[47]. - The net cash flow from investing activities was negative RMB 80.18 million, a significant decrease of 116.12% compared to a positive RMB 497.27 million last year[42]. - The net cash flow from financing activities was negative RMB 435.64 million, a decline of 359.84% from positive RMB 167.65 million in the previous year[42]. - The company's cash and cash equivalents at the end of the period stood at ¥1,441,512,307.43, down from ¥2,284,145,417.71 at the end of the first half of 2018, a decrease of about 36.9%[160]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,913,123,815.51, a decrease of 7.44% from CNY 5,308,046,669.46 at the end of the previous year[16]. - The total liabilities decreased from CNY 1,373,192,409.60 to CNY 970,659,874.24, a decline of approximately 29.36%[143]. - The total equity at the end of the reporting period was 4,215,257,387.90 CNY, a decrease of 7,441,433.06 CNY compared to the previous period[173]. - The retained earnings at the end of the reporting period were 63,471,573.07 CNY, reflecting a decrease from the previous period[174]. Business Operations and Strategy - The company operates in the education and semiconductor lighting industries[6]. - The company aims to enhance its competitive advantage in smart lighting by focusing on LED outdoor lighting and expanding into LED landscape and indoor lighting applications[33]. - The company is expanding its sales presence in emerging markets such as Southeast Asia, Africa, and South America while maintaining a nationwide sales channel in China[24]. - The education training business is entering a positive development phase, with a focus on improving teaching quality and expanding service offerings[39]. - The company plans to enhance its market expansion strategies and invest in new product development to drive future growth[169]. Risks and Uncertainties - The report highlights significant risks and uncertainties affecting future performance, urging investors to remain cautious[5]. - The decline in revenue was attributed to the rectification or closure of non-compliant teaching points by Longwen Education, as well as a decrease in LED business orders due to external macroeconomic conditions[33]. - The risk of changes in tax incentives and government subsidy policies may impact the company's net profit if the national tax incentive policies change unfavorably or if the company fails to maintain its high-tech enterprise qualification[73]. Research and Development - The company invested RMB 9.13 million in R&D, an increase of 6.98% compared to RMB 8.53 million in the previous year[41]. - Research and development expenses increased to ¥2,356,680.63, up from ¥1,355,482.10, indicating a focus on innovation[150]. - The company is focusing on enhancing its R&D capabilities, with an investment of 100 million RMB allocated for the development of innovative lighting solutions[81]. Shareholder and Governance Issues - The company has not made any significant equity investments during the reporting period[52]. - The company has not reached an agreement on performance compensation with the performance commitment party, leading to a qualified audit report from Ruihua Certified Public Accountants[73]. - The company’s major shareholder, Yang Yong, holds 5.4% of the company’s shares, which are all judicially frozen, posing risks to performance commitments[72]. - The company is actively seeking strategic partnerships to mitigate stock pledge risks associated with its controlling shareholder[71]. Legal and Compliance Matters - The company is involved in a contract dispute case with Anhui Bangda Qingshang Optoelectronics Co., Ltd., with a claim amount of 7.5 million yuan, and has faced a court-ordered deduction of 11.2832 million yuan[90]. - The company has received 132 civil lawsuits related to past information disclosure violations, with 115 cases resulting in effective first-instance judgments[92]. - The company has not experienced any bankruptcy reorganization matters during the reporting period[89]. Future Outlook - The company provided a positive outlook for the second half of 2019, projecting a revenue growth of 25% driven by new product launches and market expansion efforts[81]. - The company plans to gradually invest in the online education platform and O2O project based on actual and market conditions in the second half of 2019[58].

Financial Performance - The company's operating revenue for Q1 2019 was ¥276,196,307.46, a decrease of 13.01% compared to ¥317,515,973.60 in the same period last year[9] - The net profit attributable to shareholders was ¥2,686,962.50, down 95.09% from ¥54,738,040.45 year-on-year[9] - The net profit after deducting non-recurring gains and losses was ¥2,280,460.31, a decline of 95.87% compared to ¥55,215,465.14 in the previous year[9] - The company reported a net profit of RMB 5.638 billion for the period from 2015 to 2018, which is subject to performance commitments[23] - The company reported a net loss of CNY 845,164,998.12 for Q1 2019, compared to a loss of CNY 840,669,369.46 in the same period last year[46] - The total comprehensive income for the first quarter was 2,574,901.87 CNY, compared to 53,772,499.00 CNY in the previous year, showing a drastic reduction[50] Cash Flow and Assets - The net cash flow from operating activities was -¥40,337,972.55, an improvement of 26.57% from -¥54,932,141.64 in the same period last year[9] - Total assets at the end of the reporting period were ¥4,911,990,888.27, a decrease of 7.46% from ¥5,308,046,669.46 at the end of the previous year[9] - Cash and cash equivalents were reported at CNY 1,470,399,741.70, down from CNY 2,009,746,265.67, indicating a decrease of approximately 26.73%[38] - The company's total equity as of March 31, 2019, was CNY 3,937,984,009.05, slightly up from CNY 3,934,854,259.86 in the previous year[41] - The total cash and cash equivalents at the end of the period decreased to 1,470,399,741.70 CNY from 1,735,712,952.36 CNY, representing a decline of about 15.3%[57] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 45,876[12] - The largest shareholder, Dongguan Kingsun Group Co., Ltd., held 16.79% of the shares, amounting to 254,965,370 shares[12] Government Subsidies and Other Income - The company received government subsidies amounting to ¥126,414.43 during the reporting period[10] - Non-operating income increased by 708.69% due to an increase in government subsidies received[16] - Other income increased by 74.78% due to an increase in deferred income amortization[16] Liabilities and Borrowings - Long-term borrowings increased by 93.67% as a result of obtaining new bank loans[16] - The company's total liabilities decreased to CNY 974,006,879.22 in Q1 2019 from CNY 1,373,192,409.60 in Q1 2018, a reduction of 29.1%[41] - Long-term borrowings increased to CNY 206,479,500.00 in Q1 2019 from CNY 106,616,016.00 in Q1 2018, an increase of 93.5%[41] Operational Efficiency and Strategy - The company aims to improve operational efficiency, targeting a reduction in production costs by 10% through automation and process optimization[28] - The management emphasized the importance of maintaining shareholder value and committed to transparent communication regarding financial performance and strategic decisions[25] - The company is actively pursuing market expansion strategies through acquisitions and partnerships[23] Market and Product Development - The company is expanding its market presence, targeting new regions in Southeast Asia, with plans to enter three new countries by the end of 2019[25] - New product launches are expected to contribute to revenue, with the introduction of two new LED products anticipated to generate an additional 200 million RMB in sales[28] - Research and development efforts are being intensified, with an increase in R&D budget by 30% to enhance product innovation and technology[27] Performance Commitments - The performance compensation commitments are still pending fulfillment, which may extend the lock-up period[22] - The company has not fulfilled the performance commitments for the years 2015 to 2018, resulting in potential compensation obligations[22] - If the actual net profit falls below the committed amount, the counterparties are obligated to compensate the company by twice the difference[23]

Financial Performance - The company's operating revenue for the first half of 2019 was approximately ¥576.39 million, a decrease of 11.68% compared to ¥652.65 million in the same period last year[17]. - The net profit attributable to shareholders was approximately ¥7.05 million, down 91.50% from ¥82.96 million year-on-year[17]. - The net profit after deducting non-recurring gains and losses was approximately ¥1.68 million, a decline of 97.87% compared to ¥78.81 million in the previous year[17]. - The net cash flow from operating activities was negative at approximately -¥51.83 million, worsening by 184.45% from -¥18.22 million in the same period last year[17]. - Basic earnings per share decreased by 90.80% to ¥0.0046 from ¥0.05 in the previous year[17]. - The company reported a net loss of CNY 848,110,802.52 for the first half of 2019, compared to a loss of CNY 840,669,369.46 in the same period of 2018[149]. - The total profit for the first half of 2019 was CNY 12,971,651.49, down 86.8% from CNY 98,140,463.73 in the previous year[152]. - The total comprehensive income for the first half of 2019 was CNY 7,608,867.56, a decrease of 90.7% from CNY 81,442,633.03 in the same period of 2018[153]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥4.91 billion, a decrease of 7.44% from ¥5.31 billion at the end of the previous year[17]. - The company's total assets were CNY 4,434,903,799.40, down from CNY 4,968,797,889.22 in the previous year[149]. - The total liabilities decreased to CNY 970,659,874.24 from CNY 1,373,192,409.60 year-over-year[144]. - The company's total liabilities at the end of the reporting period were 1,121.68 million yuan, an increase from 1,121.69 million yuan at the end of the previous period[171]. Revenue Breakdown - The semiconductor lighting segment generated RMB 231.85 million, accounting for 40.22% of total revenue, down 17.04% from RMB 279.46 million[44]. - The education training segment contributed RMB 344.55 million, representing 59.78% of total revenue, a decline of 7.67% from RMB 373.18 million[44]. - Outdoor lighting revenue was CNY 199.34 million, down 15.10% year-on-year, with a gross margin of 19.23%, a decrease of 7.21% compared to the previous year[46]. - Indoor lighting revenue fell by 48.66% year-on-year to CNY 3.77 million, attributed to a decrease in orders[46]. Market and Business Strategy - The company is expanding its sales presence in emerging markets such as Southeast Asia, Africa, and South America while maintaining a nationwide sales channel in China[25]. - The company aims to enhance its competitive advantage in smart lighting and has been a leading supplier of semiconductor lighting products for over 20 years[34]. - The company plans to strengthen its brand positioning and continue developing street lights and tunnel lights to drive future growth[37]. - The company is exploring potential mergers and acquisitions to enhance its market position and operational efficiency[171]. Compliance and Regulatory Issues - The company is actively addressing compliance issues in response to regulatory changes affecting the education sector, which may impact operational performance[72]. - The company faces risks related to stock pledges by major shareholders, which may lead to forced liquidation if not resolved through strategic partnerships[72]. - Changes in tax incentives and government subsidies could adversely affect the company's net profit, as these incentives play a significant role in financial performance[74]. Investment and Capital Management - The company has committed to several investment projects, including the online education platform, with a cumulative investment of CNY 9 million as of the reporting period[58]. - The company plans to leverage its teaching resources and advantages to promote the "Online Education Platform and O2O Project" effectively[59]. - The company has invested CNY 120.35 million of the total CNY 180 million raised from non-public offerings, with a remaining balance of CNY 64.56 million[56]. Shareholder and Governance Matters - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[77]. - The company has established a performance compensation commitment that extends the lock-up period if not fulfilled[79]. - The company will ensure that all related party transactions are conducted fairly and equitably[81]. - The company has not engaged in any major contracts during the reporting period[112]. Legal and Litigation Matters - The company is involved in a contract dispute with Anhui Bangda Qianshang Electric Technology Co., Ltd., with a court ruling determining a liability of RMB 7.5 million, and the company is currently in the process of appealing[91]. - The company has received 132 civil lawsuits related to past information disclosure violations, with the majority resulting in no compensation liability[92]. - The company is facing a lawsuit from Shanghai Pudong Development Bank, with the amount involved being RMB 23.18 million, which is currently under further trial[92]. Future Outlook - The estimated net profit for the first nine months of 2019 is projected to be between 1 million and 1.5 million RMB, indicating a decline of over 50% year-on-year[70]. - The company anticipates a net loss of between 6.0501 million and 5.5501 million RMB for the third quarter of 2019, representing an increase of 43.70% to 48.35% compared to the same period last year[71]. - The company plans to focus on new product development and market expansion strategies in the upcoming quarters[171].

2019 年第一季度报告全文 证券简称：勤上股份 东莞勤上光电股份有限公司 2019 年第一季度报告全文 东莞勤上光电股份有限公司 DONGGUAN KINGSUN OPTOELECTRONIC CO.,LTD. 证券代码：002638 公司负责人陈永洪、主管会计工作负责人邓军鸿及会计机构负责人(会计主 管人员)邓军鸿声明：保证季度报告中财务报表的真实、准确、完整。 2 东莞勤上光电股份有限公司 2019 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 披露日期：二〇一九年四月 1 东莞勤上光电股份有限公司 2019 年第一季度报告全文 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。 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 276,196,307.46 | 317, ...

Financial Performance - Total revenue for 2018 was CNY 1,297,613,575.24, a decrease of 19.35% compared to CNY 1,608,990,344.08 in 2017[16] - The net profit attributable to shareholders was a loss of CNY 1,248,913,698.45, representing a decline of 1,583.33% from a profit of CNY 84,196,655.51 in 2017[16] - The net cash flow from operating activities was a negative CNY 141,928,237.18, worsening by 30.53% compared to a negative CNY 108,735,267.75 in 2017[16] - Basic and diluted earnings per share were both CNY -0.820, a decrease of 1,466.67% from CNY 0.060 in 2017[16] - Total assets at the end of 2018 were CNY 5,308,046,669.46, down 25.04% from CNY 7,081,029,245.89 at the end of 2017[16] - The weighted average return on equity was -31.77%, a decline of 33.40% from 1.63% in 2017[16] - The net assets attributable to shareholders decreased by 23.81% to ¥3,934,642,402.18 from ¥5,164,194,682.87[18] - In Q4 2018, the net profit attributable to shareholders was -¥1,321,131,637.87, marking a significant decline compared to previous quarters[22] - The total operating income for Q4 2018 was ¥337,423,880.78, showing a slight increase from Q3 2018[22] - The company reported a net cash flow from operating activities of ¥415,249.16 in Q4 2018, recovering from a negative cash flow in Q3[22] Business Operations - The company has experienced significant changes in its main business operations, including the addition of energy-saving services and LED products in recent years[16] - The semiconductor lighting business includes products such as LED outdoor lighting and LED displays, with a focus on expanding sales in emerging markets[27] - The education training segment, primarily through Longwen Education, offers personalized tutoring services, contributing to the company's diversified revenue streams[27] - The company has established a nationwide sales channel in China and is expanding its presence in developed and emerging markets[31] - The company has 369 teaching points across over 20 cities, indicating a strong market presence in the education sector[40] Revenue Breakdown - The semiconductor lighting business revenue decreased by 30.48% to CNY 606.6 million, accounting for 46.75% of total revenue[44] - The education training business revenue decreased by 6.17% to CNY 691 million, representing 53.25% of total revenue[44] - Domestic revenue fell by 26.52% to CNY 887.4 million, while international revenue increased by 2.23% to CNY 410.2 million[45] - Total revenue from education and training was 691,014,344.70 CNY, representing a year-over-year decrease of 6.17%[47] Investment and R&D - The company has 223 valid patents, including 64 invention patents, indicating strong R&D capabilities[31] - R&D expenses decreased by 61.54% to ¥9,463,843.25 in 2018 from ¥24,605,291.85 in 2017, with R&D investment accounting for 1.97% of operating revenue[56][58] - The number of R&D personnel increased by 15.79% to 66 in 2018, while the proportion of R&D personnel decreased to 1.33% of total employees[58] - The company has invested CNY 7,578.73 million in LED lighting research and design, achieving a 100% investment completion rate[71] Strategic Plans - The company plans to enhance investment in the education sector to improve competitiveness and market share[41] - The company will adopt a steady approach in the semiconductor lighting sector, focusing on resource allocation and improving return on investment[37] - The company plans to extend the completion date for the online education platform and O2O project to November 15, 2020, to better align with market conditions[72] - The company plans to gradually invest in the "Online Education Platform and O2O Project" based on actual conditions and market situations, avoiding large-scale investments that could lead to resource waste[79] Compliance and Regulatory Issues - The company has received a qualified audit opinion from Ruihua Certified Public Accountants, which may affect the final results of the profit and loss statement and balance sheet[4] - The company faced administrative penalties totaling CNY 16.96 million due to past information disclosure violations, with litigation costs amounting to CNY 17.24 million during the reporting period[119] - The company has committed to strengthening compliance with laws and regulations regarding information disclosure[123] Shareholder and Governance - The company has not distributed dividends for the past three years, including a planned non-distribution for 2018, with a net profit of -1,248,913,698.45 CNY[94] - The company’s shareholders have made commitments regarding the transfer and pledge of shares, ensuring stability during the performance guarantee period[97] - The company’s performance commitments are tied to the financial results of its subsidiaries, which will impact the overall profitability[99] - The company has a structured evaluation process for determining the remuneration of directors and senior management, which includes performance evaluations and compensation policies[183] Legal Matters - The company is currently involved in several legal disputes, including a contract dispute related to the Foshan Shishan project, with a claim amount of approximately ¥50.80 million[118] - The company has a pending case involving a claim of CNY 4 million related to shareholder capital contribution disputes, currently under further review[121] - The company has initiated a lawsuit against a third party for a contract dispute, with the court accepting the case and it is currently under further review[120] Employee and Organizational Structure - The total number of employees in the company is 4,977, with 28 in the parent company and 4,949 in major subsidiaries[186][187] - The employee composition includes 245 production staff, 614 sales personnel, 66 technical staff, 113 financial staff, 383 administrative staff, and 3,556 others[187] - Employee training programs are prioritized, including new employee training and management training, to develop a skilled workforce[189] Market Outlook - Future performance is uncertain and depends on various factors, including market conditions and the efforts of the management team[5] - The overall market for LED lighting is expected to have significant growth potential despite current slowdowns in demand[36] - The company is expanding its market presence in Southeast Asia, targeting a 25% market share in the region by 2020[104]

Financial Performance - The company's operating revenue for 2017 was CNY 1,608,990,344.08, representing a 90.84% increase compared to CNY 843,107,323.50 in 2016[17]. - The net profit attributable to shareholders of the listed company was CNY 84,196,655.51, a significant turnaround from a loss of CNY 427,438,169.76 in the previous year, marking a 119.70% improvement[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 90,824,854.51, compared to a loss of CNY 437,612,567.16 in 2016, reflecting a 120.75% increase[17]. - The basic earnings per share for 2017 was CNY 0.06, recovering from a loss of CNY 0.43 per share in 2016, indicating a 113.95% improvement[17]. - The net cash flow from operating activities was negative at CNY -108,735,267.74, a decline of 182.50% from CNY 131,799,780.76 in 2016[17]. - Total assets at the end of 2017 were approximately ¥7.08 billion, a decrease of 1.16% compared to the end of 2016[18]. - The company reported a weighted average return on equity of 1.63% for 2017, recovering from -8.42% in 2016[18]. - In 2017, the company achieved a revenue of CNY 1,608.99 million and a net profit of CNY 84.20 million, successfully turning a profit after losses[37]. Business Expansion and Strategy - The company has expanded its business scope to include education consulting and technology services as of March 2017[15]. - The company expanded its market presence in developed countries and emerging markets, including Southeast Asia, Africa, and South America, through various sales models[26]. - The education segment, including Dragon Education and British Education, focuses on personalized tutoring and international education, contributing to the company's diversification strategy[26]. - The education sector, primarily through the acquisition of Longwen Education and British Education, has become the main growth driver for the company[37]. - The company plans to further enhance its educational business through acquisitions of quality assets, aiming for synergistic effects to improve competitiveness and profitability[41]. - The company is in the process of divesting its semiconductor lighting business, transitioning to focus primarily on the education sector[37]. Research and Development - The company holds a total of 314 valid patents, including 78 invention patents, 135 utility model patents, and 101 design patents, showcasing its commitment to R&D[33]. - In 2017, the company's R&D investment increased by 47.92% to ¥60,554,130.95, primarily due to increased focus on smart lighting and platform projects[59]. - The total number of R&D personnel decreased by 33.72% to 57, while the R&D personnel ratio remained stable at 9.03%[59]. - The company has implemented a performance evaluation and incentive mechanism for senior management, aligning compensation with market standards and company performance[199]. Financial Management and Investments - The company plans to retain earnings for operational and investment purposes, and will not distribute profits in 2017 to reduce financial costs after repaying RMB 415,564,534.08 in bonds[90]. - The company has not utilized any of the raised funds for the online education project yet, focusing on cautious investment strategies[71]. - The company has made strategic acquisitions, including a 51% stake in Beijing Caiyida Technology Development Co., Ltd., to bolster its market position[104]. - The company raised a net amount of RMB 1.77 billion from the non-public offering in 2016, with an oversubscription of RMB 49.20 million[73]. Corporate Governance - The company is committed to transparency and protecting the rights of minority shareholders[96]. - The company has established a framework to prevent any restrictions or defects on its assets during the holding period[98]. - The company has a diverse board of directors with backgrounds in finance, law, and engineering, enhancing its governance structure[169][170][171]. - The company’s board of directors and supervisory board are structured in compliance with legal regulations, ensuring effective governance and oversight[186]. Legal and Compliance Issues - The company reported a significant legal case involving a claim of RMB 1,285 million related to a loan contract dispute[112]. - The company has a total of 84 ongoing legal cases as of the end of the reporting period, with 4 cases still in litigation[112]. - The company received a public reprimand from the Shenzhen Stock Exchange for its chairman and financial director on September 20, 2017[174]. - The company has no significant discrepancies with the governance norms set by the China Securities Regulatory Commission[187]. Employee and Management Structure - The total number of employees in the company is 4,901, with 2,865 in production, 1,393 in sales, and 66 in technical roles[179]. - The company emphasizes employee training and development, conducting various training programs for new and mid-level managers[182]. - The company has a remuneration policy based on "annual salary + performance" for directors and senior management, with independent directors receiving an annual allowance of RMB 80,000[176]. - The company has a strong focus on corporate governance, with independent directors possessing extensive experience in accounting and engineering[170][171].