Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the year 2022, representing a growth of 15% compared to the previous year[19]. - The company's operating revenue for 2022 was ¥567,205,680.27, a decrease of 45.99% compared to ¥1,050,146,905.42 in 2021[26]. - The net profit attributable to shareholders for 2022 was ¥43,442,711.91, a significant turnaround from a loss of ¥862,409,564.28 in 2021, representing a 105.04% increase[26]. - The cash flow from operating activities improved to ¥94,484,982.60 in 2022, compared to a negative cash flow of ¥238,295,735.35 in 2021, marking a 139.65% increase[26]. - The company reported a net profit of 367.6 million yuan for the year 2022, representing a 34.71% increase compared to the previous year[87]. - The company achieved a revenue of 510.9 million yuan, marking a significant growth in its core business operations[87]. Market Expansion and Strategy - The company has provided a positive outlook for 2023, projecting a revenue growth of 10% to 12% based on market expansion strategies and new product launches[19]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share within the region over the next two years[19]. - The company is focusing on enhancing its online-to-offline (O2O) business model to drive sales growth, aiming for a 30% increase in online sales by the end of 2023[19]. - The company is actively exploring partnerships to enhance its service offerings in the education sector[87]. - The company plans to accelerate the development of its semiconductor lighting business in 2023, focusing on both domestic and international markets[49]. Research and Development - Research and development efforts have led to the introduction of two new LED products, expected to contribute an additional 200 million RMB in revenue in 2023[19]. - The company is focusing on the semiconductor lighting industry, which is expected to grow significantly due to the development of smart cities and the increasing demand for LED products[37]. - The company has developed a comprehensive IoT-based public lighting management system, which is expected to generate additional sales revenue of over 100 million yuan annually after successful application[62]. - The company is investing in R&D, with a budget increase of 10% to enhance technology and product offerings[119]. Acquisitions and Divestments - The company has successfully completed the acquisition of a smaller competitor, which is expected to enhance its product offerings and increase market competitiveness[19]. - The company has fully cleared its off-campus education training business as of June 2022, complying with the "double reduction policy" and eliminating related operational risks[39]. - The company has transferred equity in multiple subsidiaries, including Guangzhou Longwen Education Technology Co., Ltd., to reduce future operating losses[90]. Risks and Challenges - The company has identified key risks for future operations, including supply chain disruptions and regulatory changes, which could impact performance[6]. - The company faces risks related to foreign exchange fluctuations, as a significant portion of its export business is settled in foreign currencies[94]. - The company has reported negative net profits for the past three years, with cumulative unremedied losses exceeding one-third of its total share capital[94]. Corporate Governance and Compliance - The company is committed to improving shareholder value through effective management and operational efficiency[87]. - The company has established a comprehensive internal control system, with no significant defects identified in internal control during the reporting period[140]. - The company adheres to legal requirements in its governance structure, ensuring equal rights for all shareholders[99]. - The company has established a performance evaluation and incentive mechanism for senior management, focusing on market-oriented principles[100]. Employee and Management Structure - The total number of employees at the end of the reporting period is 743, with 449 in production, 40 in sales, 40 in technology, 31 in finance, 62 in administration, and 121 in other roles[135]. - The company emphasizes employee training and development, implementing various training programs for new employees and management[137]. - The total pre-tax remuneration for directors, supervisors, and senior management during the reporting period amounted to RMB 746.22 million[123]. Legal and Regulatory Matters - The company faced regulatory actions from the Guangdong Securities Regulatory Commission, resulting in a warning letter due to non-compliance with information disclosure obligations[170]. - The company has been involved in litigation regarding performance commitments, which may have significant adverse effects on its operations[167]. - The company is actively pursuing legal avenues to resolve the ongoing litigation and protect its interests[167].

Group 1: Company Acquisition and Market Position - The acquisition of 51% stake in Beijing Caiyida Technology Development Co., Ltd. aims to enhance the company's industrial chain, expand market share, and increase overall competitiveness [3] - Caiyida is a leading provider of comprehensive LED display solutions in China, with capabilities in outdoor full-color screens and indoor small-pitch high-definition screens [3] - This acquisition will leverage Caiyida's technological, brand, and channel advantages to optimize the company's industrial layout and solidify its leading position in the LED sector [3] Group 2: Smart Lighting Developments - The company has made significant progress in smart lighting, which is becoming a trend due to technological advancements [4] - Current smart lighting solutions include dimming, color temperature adjustment, and wireless control, showing good energy-saving effects across various sectors [4] - The company has developed proprietary technologies such as non-image optical systems and advanced LED driver technologies, enhancing its product offerings [4] Group 3: Investment Fund Establishment - The establishment of the Huiyu Qingshang Investment Fund aims to seek significant acquisition targets and enhance investment capabilities [5] - The fund will primarily invest in LED lighting, energy conservation, and related industries, facilitating mergers and industry integration [5] - This initiative is expected to strengthen the company's strategic development and consolidate its industry position [5] Group 4: Product Line and Market Coverage - The company has a diverse product line covering outdoor lighting, landscape lighting, indoor lighting, and LED displays, with a strong market presence [6] - The product offerings are designed for various applications, including roads, landscapes, commercial spaces, and residential areas [6] - The company aims to create a globally influential LED lighting application platform, leveraging its competitive advantages in outdoor lighting [6] Group 5: Regional Operations and Marketing Strategy - The company has established regional marketing management centers in nine major cities, including Beijing, Shanghai, and Guangzhou [6] - These centers integrate sales management, customer service, engineering design, and logistics, enhancing service quality and efficiency [6] - The company focuses on building a strong brand image and expanding its market share through effective regional operations [6] Group 6: Future Outlook for LED Lighting - The LED lighting sector is viewed as having significant market potential, with increasing competition highlighting the importance of brand and channel strategies [7] - The company is actively building channels to meet the growing demand for commercial and residential lighting, aiming to increase market penetration [7] - The leadership engaged in thorough communication with investors, ensuring compliance with information disclosure regulations [7]

Group 1: Company Overview and Investor Relations - Dongguan Qunshang Optoelectronics Co., Ltd. held an investor relations activity on May 13, 2016, at the company headquarters, focusing on communication with investors and ensuring compliance with information disclosure regulations [1][2]. - The meeting was attended by key company executives, including the actual controller, chairman, and general manager [2]. Group 2: Business Transition and Strategy - The company transitioned from its original LED business to the education sector, driven by the belief in the future growth potential of the education industry [2][3]. - The acquisition of Longwen Education is aimed at establishing a robust educational platform and supporting its growth in the K12 sector [3]. Group 3: Longwen Education's Competitive Edge - Longwen Education's core offering is one-on-one training, which is challenging to manage due to the need for a large number of teachers and the difficulty in standardizing teaching methods [3][4]. - The introduction of a mistake analysis system aims to enhance teaching quality by streamlining the learning process and focusing on student-centered education [4]. Group 4: Profitability and Investment Focus - The current profit margins for one-on-one training are low due to inconsistent teaching standards; however, standardization and process optimization could improve profitability [5]. - The company is not considering investments in public schools, focusing instead on private and international schools in economically developed regions [5]. Group 5: Teacher Recruitment and Retention - Teacher recruitment comes from local public and private schools, as well as internally trained staff, with retention strategies including competitive salaries and a positive corporate culture [5][6]. Group 6: Industry Trends and Future Outlook - The company believes that the current examination system in China will remain in place in the short term, as it plays a crucial role in talent selection [6]. - The funds raised from financing will be used for hardware upgrades and developing an efficient online education system [6][7]. Group 7: Operational Challenges and Management - The decline in the number of Longwen Education's outlets post-2013 was attributed to over-expansion and poor site selection, leading to losses in certain areas [7]. - Typically, a new teaching outlet can recover about 30% of its investment in the first year and achieve full cost recovery by the second year [7][8].

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。 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。 东莞勤上光电股份有限公司 重要内容提示： 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。 东莞勤上光电股份有限公司 2022 年第三季度报告 证券代码：002638 证券简称：勤上股份 公告编号：2022-090 3.第三季度报告是否经过审计 □是 否 1 东莞勤上光电股份有限公司 2022 年第三季度报告 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 □是 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 41,728,165.05 | -83.21% | 4 ...

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥434.13 million, a decrease of 32.05% compared to ¥638.91 million in the same period last year[20]. - The net profit attributable to shareholders was approximately ¥93.55 million, a significant increase of 236.87% from a loss of ¥68.35 million in the previous year[20]. - Basic and diluted earnings per share were both ¥0.0621, a turnaround from a loss of ¥0.0454 per share in the previous year, reflecting a 236.78% increase[20]. - The weighted average return on equity was 3.38%, an increase of 5.32 percentage points from -1.94% in the previous year[20]. - The company's revenue for the reporting period was approximately ¥434.13 million, a decrease of 32.05% compared to ¥638.91 million in the same period last year, primarily due to the shutdown and divestment of off-campus training businesses[38]. - The operating costs decreased by 33.41% to ¥365.96 million from ¥549.61 million, reflecting the same reasons as the revenue decline[38]. - The company reported a net profit of ¥93,543,589.29 for the first half of 2022, a significant recovery from a net loss of ¥68,353,730.14 in the same period of 2021, marking a turnaround of over 237%[154]. - Operating profit for the first half of 2022 was ¥83,920,621.41, compared to an operating loss of ¥84,425,536.65 in the first half of 2021, indicating a substantial improvement in operational efficiency[154]. - The company reported a total revenue of 309.86 million, with a net loss of 16.65 million for the reporting period[66]. Cash Flow and Assets - The net cash flow from operating activities improved to approximately ¥50.98 million, compared to a negative cash flow of ¥65.13 million in the same period last year, marking an increase of 178.28%[20]. - The total assets at the end of the reporting period were approximately ¥3.09 billion, a decrease of 11.06% from ¥3.48 billion at the end of the previous year[20]. - The total cash and cash equivalents at the end of the period were ¥694,856,964.46, down from ¥414,571,423.08 in the previous year[160]. - The total current assets amounted to CNY 1,720,192,392.62, a decrease from CNY 1,894,836,773.11 on January 1, 2022, representing a decline of approximately 9.2%[145]. - Cash and cash equivalents decreased to CNY 712,656,506.68 from CNY 767,995,184.60, indicating a reduction of about 7.2%[145]. - Inventory levels dropped significantly from CNY 471,664,271.33 to CNY 336,276,086.69, reflecting a decrease of approximately 28.7%[145]. Business Operations and Strategy - The company has completely eliminated its off-campus education training business in compliance with the "double reduction policy," thereby removing related operational risks[34]. - The company has focused on smart lighting, outdoor lighting, and landscape lighting, establishing itself as a leading supplier of semiconductor lighting products and solutions[31]. - The company aims to enhance its comprehensive influence and competitive strength in the semiconductor lighting industry through continuous improvement and innovation[29]. - The company plans to expedite the construction of a full-time school or vocational education project in Shanghai's Fengxian District, aiming for quick operational launch[34]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its product offerings[166]. - The company plans to expand its market presence and invest in new product development to drive future growth[166]. Research and Development - Research and development investment fell by 43.63% to ¥10.06 million from ¥17.85 million, attributed to the cessation of off-campus training operations[38]. - The company is increasing its investment in research and development for smart lighting solutions and outdoor courtyard products to enhance its market position[84]. - The company has been actively involved in the research and development of smart city applications since 2012, enhancing its core competitiveness in the market[32]. Risks and Challenges - The report highlights significant uncertainties regarding future performance due to market competition and policy changes[4]. - The company emphasizes the importance of risk awareness for investors regarding its operational plans and forecasts[4]. - The company has faced challenges in the education training sector due to regulatory changes, leading to significant downsizing and restructuring of its related businesses[33]. - The company has faced risks related to the inability of shareholders holding over 5% of shares to fulfill performance commitments, with a specific shareholder's shares being judicially frozen[70]. - The company is exposed to risks of increased credit impairment losses and asset impairment due to various operational and market factors[74]. Shareholder and Equity Information - The company did not distribute cash dividends or issue bonus shares during the reporting period[5]. - The company has a total of 173 valid patents, including 47 invention patents, 69 utility model patents, and 57 design patents[35]. - The company’s shareholding structure remains stable, with no significant changes reported in the proportion of shares held by major shareholders[130]. - The company has a total of 254,965,370 shares held by its controlling shareholder, Dongguan Qianshang Group Co., Ltd.[133]. Legal and Compliance Matters - The company is actively participating in litigation regarding performance compensation agreements[94]. - The company has experienced judicial freezing of shares held by its controlling shareholders and actual controllers[93]. - The company has been ordered to rectify issues identified by the Guangdong Securities Regulatory Bureau, which has prompted improvements in corporate governance and internal controls[122]. - The company has not reported any major associated transactions or joint external investments during the reporting period[102]. Market and Industry Trends - The semiconductor lighting industry is experiencing rapid growth due to the development of smart cities and the increasing demand for LED products[28]. - The company focuses on LED lighting applications and has been actively promoting energy-saving products, contributing to low-carbon economic development[84].

Financial Performance - The company's revenue for Q1 2022 was ¥265,949,519.03, a decrease of 21.73% compared to ¥339,806,162.67 in the same period last year[3] - The net profit attributable to shareholders was a loss of ¥37,761,769.17, representing a decline of 2,567.80% from a profit of ¥1,530,180.75 in the previous year[3] - Total operating revenue for Q1 2022 was ¥265,949,519.03, a decrease of 21.7% compared to ¥339,806,162.67 in Q1 2021[30] - Net loss for Q1 2022 amounted to ¥37,765,793.51, compared to a net profit of ¥1,529,775.62 in Q1 2021[31] - The company's total assets at the end of the reporting period were ¥3,411,310,842.76, a decrease of 1.92% from ¥3,478,232,999.99 at the end of the previous year[3] - The total equity attributable to shareholders of the parent company decreased to ¥2,686,541,996.75 from ¥2,725,177,769.67[28] - Basic earnings per share for Q1 2022 were -0.0251, compared to 0.0010 in the previous period[32] Cash Flow and Investments - The net cash flow from operating activities improved by 71.12%, with a net outflow of ¥41,925,296.61 compared to ¥145,195,539.27 in the same period last year[3] - Cash inflow from operating activities totaled 247,959,485.51 yuan, slightly down from 249,446,016.10 yuan year-over-year[33] - Cash outflow from operating activities decreased to 289,884,782.12 yuan from 394,641,555.37 yuan in the previous period[33] - Net cash flow from investing activities was -276,099,733.02 yuan, worsening from -19,555,637.75 yuan in the previous period[34] - Cash and cash equivalents at the end of the period were 450,021,585.25 yuan, up from 317,981,496.69 yuan year-over-year[34] - Total cash inflow from investment activities was 647,403,341.26 yuan, while cash outflow was 276,099,733.02 yuan[34] Expenses and Liabilities - Research and development expenses increased by 191.62% year-on-year, primarily due to increased investment in semiconductor lighting business[7] - Total operating costs for Q1 2022 were ¥286,135,128.89, down 19.4% from ¥355,199,030.50 in the previous year[30] - The company reported a significant asset impairment loss of ¥19,548,385.68 in Q1 2022[31] - Total liabilities decreased to ¥724,499,627.89 from ¥752,781,987.86 in the previous quarter[28] Shareholder and Ownership Issues - The number of ordinary shareholders at the end of the reporting period was 36,947[10] - The company's major shareholders, including the controlling shareholder, have shares that are subject to judicial freezes, posing a risk of potential changes in actual control[15] - The company’s registered capital decreased from RMB 1,518.69 million to RMB 1,506.16 million following the completion of share repurchases related to performance compensation agreements[17] Legal and Regulatory Matters - The company is involved in ongoing litigation regarding the performance compensation obligations, which may significantly impact its rights and interests[23] - The company has initiated legal actions to confirm the invalidity of a mortgage contract related to a real estate transaction with Dongguan Weiliang Electric Co., Ltd.[24] - The company signed a debt-to-equity agreement with Dongguan Jingfeng to alleviate debt burdens and enhance financing capabilities[24] - The company has faced challenges in collecting performance compensation due to the judicial freeze on Yang Yong's shares, which may hinder the realization of its rights[23] - As of the report date, the company has not reached an agreement with several parties regarding performance compensation matters, and it will continue to pursue recovery measures[18] Impact of External Factors - The company reported a significant impact on its education training business due to the "double reduction policy," leading to serious adverse effects on profitability[13] - The company has decided to divest its education training subsidiaries, including a 100% stake in Guangzhou Longwen Education Technology Co., Ltd., to mitigate risks associated with the education sector[14] - The company reported a 40.73% decrease in fair value gains compared to the previous year, attributed to a reduction in the principal of bank wealth management products purchased[7] - Other income increased by 62.12% year-on-year, mainly due to an increase in government subsidies received[7]

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the fiscal year 2021, representing a year-over-year growth of 15%[15]. - The company's operating revenue for 2021 was ¥1,050,146,905.42, an increase of 5.49% compared to ¥995,447,143.89 in 2020[21]. - The company reported a basic earnings per share of -¥0.57 for 2021, a significant drop from ¥0.03 in 2020[21]. - The net profit attributable to shareholders for 2021 was -¥862,409,564.28, a decrease of 2,008.50% from ¥45,187,901.93 in 2020[21]. - The net cash flow from operating activities was -¥238,295,735.35, representing a decline of 273.39% compared to -¥63,819,357.48 in 2020[21]. - The total assets at the end of 2021 were ¥3,478,232,999.99, a decrease of 21.49% from ¥4,430,149,710.12 at the end of 2020[21]. - The net assets attributable to shareholders at the end of 2021 were ¥2,725,177,769.67, down 24.38% from ¥3,603,657,256.27 at the end of 2020[21]. - The company reported a significant decrease in costs for landscape lighting, with material costs down by 52% to 16.54 million yuan[70]. - The company reported a total of RMB 4,940 million in investments related to technology transfer and development[96]. Market Expansion and Strategy - The company has set a future outlook with a revenue target of 1.5 billion RMB for 2022, indicating an ambitious growth plan of 25%[15]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[15]. - The company has established a comprehensive sales network and is expanding its market share in emerging markets such as Southeast Asia, Africa, and South America[40]. - The company plans to focus on the smart lighting sector, increasing R&D investment and accelerating market deployment to become a leading provider of smart streetlight products and solutions[54]. - The company aims to launch three new products in 2022, which are anticipated to generate approximately 500 million RMB in additional revenue[181]. Research and Development - The company has allocated 100 million RMB for research and development in new technologies over the next two years[15]. - Investment in R&D increased by 30% in 2021, focusing on innovative technologies and new product development to enhance competitive advantage[181]. - Research and development expenses rose by 55.70% to CNY 18.50 million, driven by increased investment in semiconductor lighting R&D[52]. - The company is actively investing in research and development for smart lighting technologies[174]. Sustainability and Compliance - The company has emphasized its commitment to sustainability, aiming to reduce carbon emissions by 20% by 2025 through innovative practices[15]. - The company is committed to promoting energy-efficient products and contributing to China's energy-saving lighting efforts[174]. - The company has maintained strict compliance with corporate governance regulations, ensuring that all shareholders can exercise their rights equally[120]. - The company has completed all necessary governance self-inspections and rectifications as per regulatory requirements[171]. Legal and Regulatory Challenges - The company faces potential risks including regulatory changes and market competition, which are detailed in the management discussion section[5]. - The education training business faced significant policy risks due to the "double reduction" policy, leading to a substantial impairment of goodwill assets amounting to 443 million yuan[51]. - The company has initiated legal proceedings against Liu Hong and Guangzhou Yigan Sports Co., Ltd. for contract disputes, with a first-instance judgment ruling in favor of the company[185]. - The company is actively managing its legal risks and has taken steps to mitigate potential financial impacts from ongoing litigation[197]. Corporate Governance and Management - The company has a strong governance structure with independent directors and a diverse management team to ensure effective oversight and strategic direction[143]. - The board of directors has adhered to legal requirements in its election and decision-making processes, ensuring independent oversight and protection of investor interests[122]. - The company has implemented a performance evaluation and incentive mechanism for senior management, aligning compensation with market standards and company performance[124]. - The company has conducted multiple temporary shareholder meetings with participation rates ranging from 45.88% to 47.35% during the reporting period[130]. Acquisitions and Investments - A strategic acquisition of a local competitor is planned, which is projected to increase market penetration by 15%[15]. - The company completed the acquisition of 100% equity in Shanghai Aozhan Investment Consulting Co., which is in the process of establishing a new full-time school[58]. - The company completed the acquisition of 100% equity in Guangzhou Longwen Education Technology Co., Ltd. for RMB 500 million in cash and issued 264,550,260 shares at RMB 5.67 per share[97]. - The company plans to acquire 100% equity of Shanghai AoZhan for a consideration of 2 million yuan, along with a debt of 649,094,940.04 yuan and a cash supplement of 120 million yuan, totaling 771 million yuan[156]. Employee and Shareholder Information - The total number of employees at the end of the reporting period was 1,688, with 1,116 holding a bachelor's degree or higher[161]. - The company reported a total of 11,730,000 shares at the beginning of the period and 4,950,000 shares added through the employee stock ownership plan, resulting in a total of 16,680,000 shares by the end of the period[134]. - The independent directors receive an annual allowance of 130,000 RMB, including tax[149]. - The total remuneration for the chairman and general manager, Liang Jincheng, is 353,200 RMB[150]. Financial Risks and Liabilities - The company faces risks related to the inability of major shareholders to fulfill performance commitments, potentially affecting company rights[112]. - Continuous net losses for three consecutive years have resulted in cumulative unremedied losses exceeding one-third of the company's total share capital[115]. - The company is at risk of credit impairment losses and asset impairment due to various operational and market factors[116]. - The company has reported a total of 650.95 million yuan in compensation for board members, reflecting the commitment to governance and oversight[151].

□ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 东莞勤上光电股份有限公司 2021 年第三季度报告 证券代码：002638 证券简称：勤上股份 公告编号：2021-085 东莞勤上光电股份有限公司 2021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.第三季度报告是否经过审计 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 | 本报告期比上年同期增减 | 年初至报告期末 | 年初至报告期末比上年 | | --- | --- | --- | --- | --- | | | | | | 同期增减 | | 营业收入（元） | 248,495,489.28 | 6.90% | 887,403,731.67 | 24.77% | | ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥638,908,242.39, representing a 33.44% increase compared to ¥478,805,627.35 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was -¥68,350,788.09, a decrease of 349.96% from -¥15,190,349.30 in the previous year[19]. - The net cash flow from operating activities improved by 37.60%, amounting to -¥65,128,173.51 compared to -¥104,371,568.83 in the same period last year[19]. - Total assets at the end of the reporting period were ¥4,258,512,478.18, a decrease of 3.87% from ¥4,430,149,710.12 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company decreased by 2.42%, totaling ¥3,516,622,570.97 compared to ¥3,603,657,256.27 at the end of the previous year[19]. - The basic earnings per share were -¥0.0454, reflecting a 354.00% decline from -¥0.0100 in the same period last year[19]. - The company reported a net profit excluding non-recurring gains and losses of -¥93,900,725.25, a decline of 238.83% from -¥27,712,940.04 in the same period last year[19]. - The company reported a significant increase in exchange losses due to fluctuations in the USD/RMB exchange rate, impacting profits[30]. - The company reported a financial expense increase of 542.81% to ¥16,828,443.51, mainly due to foreign exchange losses[44]. - The company reported a total comprehensive loss for the first half of 2021 was ¥68,620,160.99, compared to a loss of ¥14,248,599.13 in the first half of 2020[165]. Business Operations - The company has 266 teaching locations under its subsidiary Longwen Education, which focuses on K12 personalized tutoring[31]. - The company is actively exploring business transformation and adjustment in response to tightening policies in the K12 education sector[27]. - The company is implementing an OMO (Online-Merge-Offline) strategy to enhance its educational services and expand market share[32]. - The company has faced challenges in its education business due to the temporary closure of 74 offline teaching locations in Guangzhou and Foshan due to COVID-19[30]. - Longwen Education actively expanded new project collaborations, including AI English program "Happy Wheat AI English Smart Learning Center" and calligraphy education project, to mitigate the impact of policy tightening in the K12 tutoring sector[33]. - The company has established several new educational institutions, including Beijing Huya Longwen Training School, with no significant impact on overall operations[66]. - The company is actively addressing compliance issues at its educational sites to avoid potential shutdowns due to licensing problems[67]. Research and Development - The company is increasing its investment in R&D for smart lighting products and solutions, aiming to become a leading supplier in the smart streetlight market[28]. - The company has 179 valid authorized patents, including 54 invention patents, reflecting its strong commitment to research and development in the semiconductor lighting sector[39]. - The company aims to enhance its research and development in smart lighting and accelerate market expansion in this area[87]. - Research and development expenses decreased by 47.26% to ¥17,845,916.68, attributed to reduced spending on online training software development[44]. Market Expansion - The company has established a nationwide sales channel in the domestic market and is expanding its market share in emerging markets across Southeast Asia, Africa, and South America[39]. - The company is actively pursuing market expansion strategies, targeting a 25% increase in market share in the Asia-Pacific region by the end of 2022[94]. - The company secured a contract for a smart traffic project in the Shenzhen-Shantou Special Cooperation Zone worth ¥318 million, which includes smart streetlights and other intelligent city infrastructure[42]. Legal and Compliance Issues - The company is involved in multiple significant lawsuits, with one case involving a potential liability of approximately 19.42 million yuan[102]. - The company has ongoing litigation involving Dragon Education, with claims totaling 7,580.96 yuan, currently under further judicial review[104]. - The company is currently involved in a lawsuit with a claim amounting to approximately 36.53 million yuan, which is still under trial[102]. - The company is actively monitoring the progress of litigation involving its major shareholders and has urged them to fulfill their disclosure obligations[98]. - The company is facing risks related to credit impairment losses and goodwill impairment, which could negatively affect its financial performance[69]. Shareholder and Governance - The company has appointed new independent directors and management personnel during the reporting period, indicating a shift in governance[80][81]. - The company held four temporary shareholder meetings and one annual shareholder meeting during the reporting period, with attendance ratios ranging from 45.88% to 47.35%[79]. - The company did not distribute cash dividends, issue bonus shares, or convert capital reserves into share capital for the half-year period[82]. - The company has committed to ensuring fair and equitable related party transactions[92]. - The company’s stockholder structure remains stable, with no foreign investment in the shareholding composition[134]. Financial Position - The total amount of restricted cash was ¥4,652,205.17, primarily due to frozen funds and training business guarantees[56]. - The company’s total liabilities decreased from CNY 820,047,756.38 to CNY 741,618,651.12, a decline of approximately 9.5%[156]. - The total owner's equity decreased from CNY 3,610,101,953.74 to CNY 3,516,893,827.06, a decline of about 2.59%[157]. - The company’s total assets at the end of the current period were CNY 6,423.8 million[185]. - The company’s registered capital was reduced due to the buyback and cancellation of shares, reflecting a strategic adjustment in capital structure[135]. Future Outlook - The company provided a positive outlook for the second half of 2021, projecting a revenue increase of 15% to 1.75 billion CNY, driven by new product launches and market expansion efforts[94]. - The company aims to solidify its brand positioning and leverage resources to expand its smart city-related industries, striving to improve performance through interconnected and intelligent solutions[35]. - The company plans to continue expanding its market presence and invest in new technologies[182].

Financial Performance - The company has reported consecutive net losses for the years 2018 and 2019, leading to a delisting risk warning implemented on July 1, 2020[8]. - The company will not distribute cash dividends, issue bonus shares, or increase capital using reserves for the year[10]. - The company's operating revenue for 2020 was ¥995,447,143.89, a decrease of 20.53% compared to ¥1,252,625,209.10 in 2019[22]. - The net profit attributable to shareholders in 2020 was ¥45,187,901.93, representing a significant increase of 112.12% from a loss of ¥372,813,047.59 in 2019[22]. - The net cash flow from operating activities improved by 70.52%, reaching -¥63,819,357.48 in 2020 compared to -¥216,505,378.87 in 2019[22]. - The basic earnings per share for 2020 was ¥0.03, a turnaround from a loss of ¥0.24 per share in 2019, marking a 112.40% improvement[22]. - The total assets at the end of 2020 were ¥4,430,149,710.12, a slight decrease of 0.81% from ¥4,466,240,317.62 at the end of 2019[22]. - The company reported a net profit attributable to shareholders of ¥64,861,654.97 in Q4 2020, a significant recovery from losses in previous quarters[26]. - The company reported a total of ¥161,547,249.17 in non-recurring gains for 2020, compared to a loss of ¥170,283,128.06 in 2019[27]. - The company achieved operating revenue of 995.45 million yuan, a decrease of 20.53% compared to the same period last year[40]. - Operating profit increased by 135.20% to 52.72 million yuan, while total profit rose by 114.84% to 52.94 million yuan[40]. - The company reported a net profit of ¥45,187,901.93, despite a negative cash flow from operating activities, resulting in a discrepancy of ¥109,007,259.41[67]. Business Strategy and Market Expansion - The company has expanded its business scope to include energy-saving services and LED products over the years, reflecting a diversification strategy[20]. - The company is expanding its market presence in emerging markets such as Southeast Asia, Africa, and South America through various sales models[30]. - The company is focusing on smart city construction, integrating multiple technologies into its outdoor smart city management system[31]. - The company plans to focus on smart lighting, increasing R&D investment to enhance its market presence in smart city solutions[43]. - The company has transitioned its education business to an online model, mitigating the impact of COVID-19 on its operations[44]. - The company aims to integrate online and offline education services, enhancing its offerings and market competitiveness[46]. - The company is planning to expand its market presence in Southeast Asia, targeting a 30% increase in sales from this region within the next two years[197]. - A strategic acquisition of a local competitor is in the pipeline, which is anticipated to enhance the company's market position and increase overall revenue by 15%[197]. Research and Development - The company has 175 valid authorized patents, including 58 invention patents, reflecting its strong R&D capabilities[36]. - Research and development expenses increased by 51.20% year-on-year to ¥44,326,973.39, accounting for 4.45% of operating revenue[64]. - The capitalized amount of R&D expenses rose by 152.01% to ¥32,445,665.82, representing 73.20% of total R&D expenses[65]. - The company has allocated 100 million RMB for research and development in the upcoming year to drive innovation and improve product offerings[197]. Legal and Compliance Issues - The company has ongoing litigation regarding performance compensation agreements with several parties, including Huaxia Life Insurance and Beijing Longwu Jiuxiao Equity Investment Center[113]. - The company is actively pursuing negotiations and litigation to enforce performance compensation agreements that have not been fulfilled[113]. - The company is currently in the process of appealing a ruling from the Anhui Provincial High People's Court regarding its financial liabilities[132]. - The company has faced a total of 36.53 million yuan in claims related to a separate lawsuit involving Huaxia Life Insurance Co., Ltd.[133]. - The company has successfully defended against a claim of 2.32 million yuan from Shanghai Pudong Development Bank, which was dismissed by the court[133]. - The company has reported a forced deduction of 11.2832 million yuan from its accounts as part of the ongoing legal disputes[131]. - The company has not reported any penalties or rectifications during the reporting period, suggesting compliance with regulatory standards[137]. - The company received a warning from the Guangdong Securities Regulatory Bureau due to discrepancies between performance forecasts and annual reports, leading to a public reprimand[166]. Shareholder and Equity Information - The company has not distributed dividends in the past three years, including a planned non-distribution for 2020[99]. - The company reported a net profit of 45.19 million yuan in 2020, with no cash dividends proposed despite positive distributable profits[100]. - Shareholder Yang Yong holds 5.4% of the company's shares, which are all judicially frozen, and there is a possibility he may not fully meet performance commitments, potentially impacting the company's interests[162]. - The company has not engaged in any significant acquisitions or disposals of subsidiaries during the reporting period[93]. - The company has not reported any changes in the number of shareholders or the structure of assets and liabilities during the reporting period[175]. - The company has not implemented any share repurchase or reduction during the reporting period[173]. Operational Performance - The company reported a gross margin of 35%, which is an improvement from the previous year's 30%[197]. - The management team emphasized the importance of sustainability, aiming for a 50% reduction in carbon emissions by 2025 through new technologies[197]. - The company has seen a turnover in its board members, with Chairman Chen Yonghong and independent director Ju Xinhua leaving due to term completion[191]. - The company is focusing on maintaining stability in its management team with no new appointments reported during the period[192]. - The company has not reported any significant changes in its operational strategy or market expansion plans in the latest report[192].