Company Overview - Beijing Zhen Shitong Technology Co., Ltd. specializes in integrated solutions and services for information technology and multimedia video conferencing, focusing primarily on video conferencing systems and emergency command solutions [2][3]. - The company has provided comprehensive multimedia video solutions to hundreds of important clients, particularly in key sectors such as energy, government, and finance, with over 30% of its solutions delivered to government and central enterprises [3][4]. Market Context - The video conferencing industry in China experienced rapid growth following the SARS outbreak in 2003, marking a golden decade for video conferencing vendors [4][6]. - The COVID-19 pandemic has created both challenges and opportunities, prompting the company to offer its cloud video collaboration platform for free to users until the end of the pandemic [4][6]. Business Development - The cloud video business began around 2015, addressing the need for widespread access, allowing participants to join meetings using just a smartphone [5][6]. - The company has been recognized as a key technology engineering laboratory for cloud video conferencing systems in Beijing and holds various telecommunications licenses [5][6]. Service Features - The cloud video service includes features such as data conferencing capabilities, seamless compatibility with traditional video conferencing systems, and a comprehensive meeting management platform tailored to client needs [5][6]. - During the pandemic, the company supported over 28 pandemic prevention meetings for a local government and rapidly expanded its cloud video system for a central enterprise, enabling virtual meeting rooms for hundreds of thousands of employees [6][7]. Future Outlook - The cloud video market is maturing, with advancements in CPU processing power and mobile bandwidth expected to drive explosive growth in the sector [6][7]. - The company aims to leverage its existing client resources and explore new business opportunities in areas such as smart technology and industrial internet [8][9].

证券代码：002771 证券简称：真视通 北京真视通科技股份有限公司 投资者关系活动记录表 编号：2020-003 | --- | --- | --- | |----------------|------------------------|------------------------------------------------------| | | | | | 投资者关系活动 | ■ | 特定对象调研 □分析师会议 | | 类别 | □ 媒体采访 □业绩说明会 | | | | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | | □其他 （请文字说明其他活动内容） | | 参与单位名称及 | | 西部证券邢开允、滕晗屹、山丘资产管理尹星龙、中国民生 | | | | | | 人员姓名 | | 银行罗立治、上海名禹资产王益聪、富安达投资吴帆、天谷 | | | | 投资钟声、上海合道资产陈小平、上海正浩投资郭德浩、鹏 | | | | 华基金胡东健、景顺长城基金林芝、上海祎兆投资王斌、信 | | | | 通基金万庭选、融通基金孙卫党、繁星资本刘钰、上海睿亿 | | | | 投资李敬尧 ...

证券代码：002771 证券简称：真视通 编号：2018-001 北京真视通科技股份有限公司投资者关系活动记录表 | --- | --- | --- | |----------------|-----------------------------|------------------------------------------------------| | | | | | 投资者关系活动 | ■ | 特定对象调研 □分析师会议 | | 类别 | □ 媒体采访 □业绩说明会 | | | | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名称及 | | 申万宏源、太平洋证券、华金证券、万联证券、中银国际、 | | 人员姓名 | | 中信建投证券、天风证券、民生证券、方正证券、信达证 | | | 券、西部证券 | | | | | 益正金服、晨骏资本、广发乾和、工商银行、鑫乐达投资、 | | | | 中信资管、中教资本、超赢投资、东兴基金、中金公司、银 | | | 泰华盈、筑石资管 | | | 时间 | 2018 年 4 月 ...

Financial Performance - The company's revenue for Q3 2022 was ¥85,948,971.07, a decrease of 29.81% compared to the same period last year[5] - The net profit attributable to shareholders was -¥5,855,568.60, representing a decline of 443.07% year-on-year[5] - The basic earnings per share were -¥0.03, a decrease of 400.00% compared to the same period last year[5] - Operating profit for the current period was a loss of ¥7,848,528.14, compared to a loss of ¥5,654,897.47 in the previous period[20] - Net profit for the current period was a loss of ¥5,493,356.15, slightly worse than the loss of ¥5,423,082.24 in the previous period[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,055,247,033.05, down 8.17% from the end of the previous year[5] - Total assets decreased from CNY 1,149,177,008.93 to CNY 1,055,247,033.05, a decline of about 8.2%[17] - Total liabilities decreased from CNY 431,627,399.37 to CNY 346,047,948.89, a reduction of approximately 19.9%[17] - The company's total equity decreased from CNY 717,549,609.56 to CNY 709,199,084.16, a slight decline of about 1.9%[17] Cash Flow - The cash flow from operating activities showed a net outflow of -¥107,335,520.96, a decrease of 13.46% compared to the same period last year[5] - Cash flow from operating activities showed a net outflow of ¥107,335,520.96, compared to a net outflow of ¥94,599,661.65 in the previous period[23] - Cash flow from investing activities resulted in a net outflow of ¥33,478,203.87, worsening from a net outflow of ¥1,044,077.62 in the previous period[23] - Cash flow from financing activities generated a net inflow of ¥29,135,031.05, compared to a net outflow of ¥18,066,540.06 in the previous period[23] - The company reported a decrease in cash and cash equivalents, ending the period with ¥166,196,027.00, down from ¥125,899,209.30 in the previous period[23] Shareholder Information - Total number of common shareholders at the end of the reporting period is 18,225[12] - The largest shareholder, Wang Guohong, holds 14.60% of shares, totaling 30,626,396 shares[12] - The number of shares held by the top ten unrestricted shareholders includes Hu Xiaozhou with 16,072,710 shares and Suzhou Longyue Holdings with 10,920,000 shares[13] Other Financial Metrics - The weighted average return on net assets was -0.84%, a decline of 1.06% from the previous year[5] - The company experienced a 44.20% decrease in other income, totaling ¥1,281,236.53, primarily due to reduced government subsidies compared to the previous year[9] - Research and development expenses were ¥21,973,891.03, down from ¥27,377,611.02, indicating a reduction of 19.5%[20] - The company recorded a significant credit impairment loss of ¥11,491,316.68, contrasting with a gain of ¥322,897.80 in the previous period[20] Investment and Borrowing - Short-term borrowings increased by 289.92% to ¥40,000,000.00, reflecting new bank loans taken during the period[9] - The company made a new investment of ¥33,000,000.00 during the reporting period, marking a significant capital allocation[10] Inventory and Receivables - Accounts receivable decreased from CNY 394,152,234.84 to CNY 358,995,174.10, a reduction of about 8.9%[15] - Inventory increased from CNY 239,671,688.37 to CNY 256,327,035.08, an increase of approximately 6.5%[16] - The company reported a significant increase in contract assets, which rose by 285.89% to ¥10,547,378.57 due to an increase in receivables for warranty deposits[9] - The company reported a significant increase in contract assets from CNY 2,733,244.90 to CNY 10,547,378.57, an increase of approximately 285%[16] Operating Costs - Total operating revenue for the current period reached ¥373,024,870.67, an increase of 8.3% compared to ¥344,786,489.06 in the previous period[19] - Total operating costs amounted to ¥369,824,709.51, up from ¥352,871,135.61, reflecting a rise of 4.8%[19]

Financial Performance - The company's operating revenue for the first half of 2022 was RMB 287,075,899.60, representing a 29.12% increase compared to RMB 222,339,138.97 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was RMB 1,321,234.22, a significant turnaround from a loss of RMB 5,694,334.25 in the previous year, marking a 123.20% improvement[20]. - The net profit after deducting non-recurring gains and losses was RMB 772,382.34, compared to a loss of RMB 6,591,497.98 in the same period last year, reflecting an increase of 111.72%[20]. - The basic earnings per share increased to RMB 0.01 from a loss of RMB 0.03, showing a 133.33% improvement[20]. - The total operating revenue for the first half of 2022 reached ¥287,075,899.60, a 29.1% increase from ¥222,339,138.97 in the same period of 2021[145]. - The company reported a net profit for the first half of 2022 of ¥886,527.88, a significant recovery from a net loss of ¥6,369,602.23 in the first half of 2021[147]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 994,443,629.09, down 13.46% from RMB 1,149,177,008.93 at the end of the previous year[20]. - Cash and cash equivalents decreased to CNY 159,366,060.58, accounting for 16.03% of total assets, down from 24.50%[57]. - The company's long-term equity investments increased to CNY 57,555,432.45, representing 5.79% of total assets, up from 2.16%[57]. - Total liabilities decreased from CNY 431,627,399.37 to CNY 276,007,870.51, a decline of about 36.2%[139]. - The company's total assets at the end of the reporting period were 840,833,283.00 yuan, with a notable increase from the previous period[157]. Cash Flow - The net cash flow from operating activities improved to -RMB 79,021,315.91, a 26.69% reduction in loss compared to -RMB 107,796,786.10 in the previous year[20]. - The company's operating cash flow for the first half of 2022 was negative at -79,021,315.91 CNY, an improvement from -107,796,786.10 CNY in the same period of 2021, indicating a reduction in cash outflow[153]. - The net cash flow from investing activities was -32,976,028.98 CNY in H1 2022, significantly worse than -1,043,714.85 CNY in H1 2021, indicating increased investment expenditures[154]. - The company reported a net cash flow from financing activities of -7,972,792.33 CNY in H1 2022, compared to -17,821,084.95 CNY in H1 2021, showing an improvement in financing cash flow[156]. Business Operations - Multimedia information system business revenue reached 173.39 million yuan, up 18.97% year-on-year[32]. - The production monitoring and emergency command system business revenue increased by 37.41% year-on-year, totaling 43.39 million yuan[32]. - Data center system construction and service revenue decreased by 27.80% year-on-year, amounting to 31.72 million yuan due to project delays caused by the pandemic[32]. - The company is focusing on cloud video systems and services as a key development direction for future business[29]. - The company has launched smart multimedia interactive collaboration software and a centralized control platform, which are now officially online[33]. Shareholder Information - The company reported a total of 209,764,100 shares outstanding, with 3.28% being restricted shares and 96.72% being unrestricted shares[119]. - The company’s major shareholder has changed to Wang Guohong and Suzhou Longyue, with the actual controllers being Wang Guohong and Wang Xiaogang[115]. - The total number of ordinary shareholders at the end of the reporting period was 21,138[124]. Governance and Compliance - The company has established a governance structure to protect the rights of shareholders and creditors, ensuring fair treatment and legal rights for all investors[82]. - The company emphasizes employee rights protection through a competitive compensation and benefits system, as well as a comprehensive performance evaluation system[83]. - The company has undergone changes in its board of directors and management, with several new appointments made on May 20, 2022[76]. - The company actively engages in environmental responsibility and has not faced any administrative penalties for environmental issues during the reporting period[81]. Risks and Challenges - The company has outlined potential risks and countermeasures in its management discussion and analysis section, emphasizing the importance of investor awareness regarding investment risks[3]. - The company faces risks from intensified industry competition, particularly from large internet companies entering the multimedia technology sector[71]. - The company aims to improve its talent acquisition and management strategies to meet the demands of its expanding business[71]. Research and Development - The company holds 9 patents and 130 software copyrights as of June 2022, reflecting its commitment to technology and innovation in the multimedia video industry[40]. - The company is committed to enhancing its research and development efforts to drive innovation in its product offerings and improve competitive positioning in the market[173]. - The company focuses on software platform development in the multimedia video field and has established three departments: pre-sales, R&D, and implementation[87].

Financial Performance - The company's revenue for Q1 2022 was ¥149,100,378.68, representing a 39.12% increase compared to ¥107,173,487.37 in the same period last year[3] - The net profit attributable to shareholders was -¥6,001,323.66, a decrease of 64.76% from -¥3,642,553.90 year-on-year[3] - Total operating revenue for Q1 2022 was CNY 149,100,378.68, an increase of 39.2% compared to CNY 107,173,487.37 in Q1 2021[16] - Net loss for Q1 2022 was CNY 6,498,436.44, compared to a net loss of CNY 3,957,866.89 in Q1 2021, representing a 64.4% increase in losses[18] - The company's basic and diluted earnings per share were both -¥0.029, a decline of 70.59% from -¥0.017 in the same period last year[3] - Basic and diluted earnings per share for Q1 2022 were both CNY -0.029, compared to CNY -0.017 in Q1 2021[19] - The total comprehensive loss for Q1 2022 was CNY -6,439,962.60, compared to CNY -4,074,264.38 in the same period last year[19] Cash Flow and Operating Activities - The net cash flow from operating activities improved by 61.91%, reaching -¥36,298,373.23 compared to -¥95,292,621.39 in the previous year[3] - Cash flow from operating activities showed a net outflow of CNY 36,298,373.23, an improvement from a net outflow of CNY 95,292,621.39 in the previous year[20] - The company's cash received from operating activities decreased by 52.57% to ¥4,465,811.56 compared to ¥9,415,131.85 in the previous year[8] - The company reported a net cash outflow from investing activities of CNY 40,029.27, compared to a net outflow of CNY 1,371,005.03 in Q1 2021[21] - Cash and cash equivalents at the end of Q1 2022 were CNY 239,256,904.46, a decrease from CNY 122,646,280.50 at the end of Q1 2021[21] Assets and Liabilities - Total assets decreased by 10.56% to ¥1,027,878,430.50 from ¥1,149,177,008.93 at the end of the previous year[3] - The company's total current assets amount to 862,882,766.86 RMB, down from 977,395,853.78 RMB at the beginning of the year, representing a decrease of approximately 11.7%[14] - The total liabilities of the company are 316,768,783.54 RMB, reduced from 431,627,399.37 RMB, indicating a decrease of about 26.7%[15] - The total assets of the company stand at 1,027,878,430.50 RMB, down from 1,149,177,008.93 RMB, reflecting a decrease of approximately 10.6%[14] - The company's total liabilities decreased, with short-term borrowings down by 46.95% to ¥5,442,436.80 from ¥10,258,575.30[7] Shareholder Information - The total number of common shareholders at the end of the reporting period is 24,488[10] - The largest shareholder, Wang Guohong, holds 14.60% of shares, totaling 30,626,396 shares, with 19,000,000 shares frozen[10] Other Financial Metrics - The company's contract assets increased by 147.63% to ¥6,768,457.75, primarily due to an increase in warranty receivables[7] - The company's financial expenses decreased significantly by 613.83% to -¥452,653.47, attributed to reduced short-term borrowings and increased interest income[7] - The company's retained earnings are 304,839,639.55 RMB, down from 310,840,963.21 RMB, indicating a decrease of about 2.0%[15] - The total equity attributable to the parent company is 711,890,388.10 RMB, down from 717,833,237.92 RMB, reflecting a decrease of approximately 0.8%[15] - Accounts receivable decreased to 340,784,866.08 RMB from 394,152,234.84 RMB, a decline of about 13.5%[14] - Inventory decreased slightly to 236,190,616.86 RMB from 239,671,688.37 RMB, a reduction of approximately 1.0%[14] - Other comprehensive income after tax for Q1 2022 was CNY 58,473.84, compared to CNY -116,397.49 in Q1 2021[18] - The company experienced a significant increase in credit impairment losses, amounting to CNY -13,172,084.40, compared to CNY -2,200,626.12 in the previous year[18]

Financial Performance - The company achieved a total revenue of 500 million RMB in 2021, representing a 10% increase compared to the previous year[14]. - The company's operating revenue for 2021 was ¥641,012,098.72, a decrease of 3.16% compared to 2020[20]. - The net profit attributable to shareholders for 2021 was ¥13,317,771.54, representing a decline of 34.83% from the previous year[20]. - The company reported a net profit of ¥17,305,309.83 in Q4 2021, recovering from losses in the first three quarters[24]. - Total revenue for 2021 was ¥641,012,098.72, a decrease of 3.16% compared to ¥661,899,573.99 in 2020[51]. - The company reported a net profit of CNY 15,815,483.67 for the year 2021, with a distributable profit of CNY 14,233,935.30 after statutory surplus reserve allocation[141]. - The total cash dividend distributed was CNY 2,726,933.30, representing 100% of the profit distribution amount[138]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the fiscal year 2021, representing a year-over-year growth of 20%[162]. Research and Development - The company is investing in R&D for new technologies, with a budget allocation of 10 million RMB for the development of cloud computing solutions[14]. - Investment in R&D increased by 30% in 2021, focusing on developing new technologies and enhancing existing product lines[163]. - Research and development expenses amounted to 38,767,444.27 CNY, representing 6.05% of operating revenue, down from 6.84% in 2020[67]. - The company continues to invest in R&D for cloud video services, fully supporting 4K and H.265 technologies, and has seen steady growth in customer numbers and concurrent usage[47]. - The company is developing intelligent video and image processing software to manage large data volumes, enhancing its core competitiveness[65]. Market Expansion and Strategy - Future outlook indicates a projected revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion strategies[14]. - Market expansion efforts include entering three new provinces, aiming for a 20% increase in market share within the next two years[14]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[162]. - A strategic acquisition was completed in Q4 2021, which is expected to contribute an additional 200 million RMB in annual revenue starting in 2022[162]. - The company aims to launch three new products in 2022, which are anticipated to generate approximately 500 million RMB in sales[162]. Corporate Governance - The company is committed to enhancing its corporate governance practices to ensure transparency and accountability in its operations[14]. - The company has established a governance structure based on the Articles of Association, ensuring clear responsibilities and effective checks and balances among the shareholders' meeting, board of directors, and supervisory board[98]. - The company operates independently from its controlling shareholders in terms of business, personnel, assets, institutions, and finance, with a complete and independent business system[99]. - The company has a fully independent financial accounting system and management structure, with a dedicated finance department and internal audit team, ensuring strict financial supervision[101]. - The company has established a comprehensive governance structure to protect shareholder and creditor rights, ensuring fair treatment of all shareholders[151]. Risks and Challenges - The company has identified potential risks in the market, including regulatory changes and increased competition, which may impact future performance[5]. - The company faces risks related to policy changes, technological advancements, talent acquisition, and intensified industry competition[93]. - The company reported that its performance declined due to project delays and a significant reduction in government subsidy income, leading to a year-on-year revenue decrease[123]. Shareholder Returns - The company plans to distribute a cash dividend of 0.13 RMB per 10 shares to all shareholders, based on the total share capital on the dividend announcement date[5]. - The company maintains a cash dividend policy ensuring that cash dividends account for at least 20% of the profit distribution in the case of continuous profitability[140]. - The company has committed to reviewing its shareholder return plan at least every five years, ensuring compliance with shareholder interests[135]. Employee and Social Responsibility - The company emphasizes employee welfare through a competitive compensation system and various recognition awards, fostering a positive work environment[153]. - The company conducts annual free health check-ups for employees, ensuring their physical well-being and timely medical attention[153]. - The company is committed to social responsibility, actively participating in public welfare initiatives[157]. - The company has maintained compliance with labor laws, providing necessary protections for female employees during pregnancy and maternity[153]. Legal and Compliance - The company faced a lawsuit involving a rental dispute with Beijing Beichen Innovation High-Tech Development Co., with a claim amount of approximately 3.85 million yuan[176]. - The company has ongoing litigation with Guizhou Lingyun Haitong Information Technology Co., Ltd. for unpaid receivables amounting to RMB 1,140,652.00[177]. - The company has reported a total of RMB 521.5 million in other ongoing litigation matters[178]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[150]. Management and Personnel Changes - The company experienced changes in its board, with independent directors Yao Jianlin and Lü Tianwen resigning due to personal reasons, pending the election of new directors[105]. - The financial director, Shi Yajun, resigned on June 25, 2021, due to personal reasons, indicating potential shifts in financial management[105]. - The company is actively seeking to fill the vacancies left by resigning board members to ensure compliance with governance standards[105]. - The total number of employees at the end of the reporting period was 386, with 156 in the parent company and 230 in major subsidiaries[129].

Financial Performance - The company's revenue for Q3 2021 was ¥122,447,350.09, representing a 24.07% increase compared to the same period last year[3]. - The net profit attributable to shareholders was ¥1,706,795.96, a decrease of 48.38% year-on-year[3]. - The basic earnings per share for the period was ¥0.01, down 50.00% from the previous year[3]. - The sales revenue for the current period reached ¥619,902,827.71, representing a 40.82% increase compared to ¥440,221,346.29 in the same period last year, primarily due to increased cash receipts from sales[10]. - Total operating revenue for Q3 2021 was CNY 344,786,489.06, an increase of 1.8% compared to CNY 339,566,557.00 in the same period last year[22]. - Net profit for Q3 2021 was a loss of CNY 5,423,082.24, compared to a profit of CNY 8,245,394.51 in the same period last year[23]. - The company reported a basic earnings per share of -0.02, compared to 0.05 in the previous period, reflecting a decline in profitability[24]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,162,563,309.14, an increase of 1.39% from the end of the previous year[3]. - The company's total assets as of Q3 2021 amounted to CNY 1,162,563,309.14, compared to CNY 1,146,613,927.88 at the end of the previous year[19]. - Current assets totaled CNY 999,592,984.96, slightly up from CNY 982,203,723.17 in the previous quarter[19]. - Total liabilities reached CNY 462,011,153.39, compared to CNY 441,393,631.55 in the previous quarter, marking a 4.0% increase[19]. - The company's equity attributable to shareholders was CNY 700,509,166.93, down from CNY 703,202,951.02 in the previous quarter[20]. - The company's total liabilities and equity were adjusted due to the first-time implementation of new leasing standards, impacting the balance sheet[29]. Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥94,599,661.65, a decrease of 0.89% year-on-year[3]. - The company reported a significant increase in cash flow from operating activities, reflecting improved operational efficiency and market performance[10]. - The net cash flow from operating activities was CNY -94,599,661.65, slightly improved from CNY -95,451,901.34 in the previous period[27]. - Cash inflow from operating activities totaled CNY 645,629,751.87, up from CNY 475,708,959.60 year-over-year[25]. - The total cash outflow from financing activities was CNY 25,508,976.86, compared to CNY 69,148,504.18 in the previous period, indicating reduced financing costs[27]. - The company experienced a net decrease in cash and cash equivalents of CNY -113,710,279.33, compared to CNY -98,094,660.60 in the previous period[28]. Inventory and Procurement - The company's inventory increased by 54.90% to ¥376,420,408.99 due to new procurement for large projects[7]. - Inventory increased significantly to CNY 376,420,408.99 from CNY 243,007,926.78, indicating a rise of 55.0%[19]. - Cash paid for purchasing goods and services increased by 33.39% to ¥588,527,938.92 from ¥441,193,227.06, attributed to higher payments for goods[10]. - Cash paid for fixed assets and other long-term assets surged by 802.96% to ¥2,940,788.12 from ¥325,681.56, indicating significant asset acquisition during the reporting period[11]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,118, with no preferred shareholders[13]. - The top shareholder, Wang Guohong, holds 14.60% of shares, totaling 30,626,396 shares, with 19,000,000 shares frozen[13]. - The company’s controlling shareholder, Suzhou Longyue Holdings, owns 11.78% of shares, totaling 24,720,000 shares, also with 19,000,000 shares frozen[14]. - The company’s controlling shareholder has completed a share buyback commitment, acquiring a total of 2% of the company's shares through designated parties[15]. Income and Expenses - The company's other income decreased by 74.40% to ¥2,295,921.03, primarily due to reduced VAT refunds and government subsidies[9]. - The company reported a significant increase in non-operating income, with a rise of 3418.03% to ¥496,304.36, attributed to the recognition of penalty deposits[9]. - Research and development expenses for Q3 2021 were CNY 27,377,611.02, a decrease from CNY 30,589,626.43 in the same period last year[22]. - The total comprehensive income attributable to the parent company was CNY 9,580,702.09, compared to CNY 1,456,214.89 in the previous period, indicating a significant increase[24].

Financial Performance - The company's operating revenue for the reporting period was ¥222,339,138.97, a decrease of 7.70% compared to ¥240,876,398.77 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was -¥5,694,334.25, representing a decline of 187.32% from ¥6,521,112.46 in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥6,591,497.98, a decrease of 305.93% compared to ¥3,200,894.41 in the same period last year[20]. - Basic earnings per share were -¥0.03, down 200.00% from ¥0.03 in the same period last year[20]. - The total operating revenue for the first half of 2021 was ¥222,339,138.97, a decrease of 7.67% compared to ¥240,876,398.77 in the first half of 2020[139]. - The net profit for the first half of 2021 was a loss of ¥6,369,602.23, compared to a profit of ¥5,134,964.35 in the same period of 2020[141]. - The total comprehensive income for the first half of 2021 was a loss of ¥730,705.34, compared to a profit of ¥4,920,841.52 in the first half of 2020[142]. Cash Flow and Assets - The net cash flow from operating activities was -¥107,796,786.10, an improvement of 16.09% from -¥128,473,615.65 in the previous year[20]. - The company's total assets at the end of the reporting period were ¥1,116,748,606.35, a decrease of 2.60% from ¥1,146,613,927.88 at the end of the previous year[20]. - The company's cash and cash equivalents decreased from 246,447,334.15 yuan at the end of 2020 to 119,689,846.41 yuan by June 30, 2021, a decline of approximately 51.4%[131]. - The accounts receivable amounted to ¥437,863,976.80, representing 39.21% of total assets, showing a slight increase of 1.15% year-on-year[53]. - The total cash outflow from operating activities in the first half of 2021 was CNY 499,553,051.90, up from CNY 434,530,983.68 in the first half of 2020[149]. Revenue Breakdown - Revenue from the energy sector was ¥102,816,246.64, accounting for 46.24% of total revenue, with a slight decrease of 1.05% year-on-year[43]. - The revenue from the government sector increased by 20.53% to ¥66,810,826.54, representing 30.05% of total revenue[43]. - The multimedia information system product revenue was ¥145,735,088.41, down 15.72% from the previous year, with a gross margin of 24.09%[45]. - The data center system construction and service revenue increased by 45.00% to ¥43,940,727.62, with a gross margin of 10.62%[45]. Investments and R&D - Research and development investment decreased by 19.99% to ¥17,115,883.76 from ¥21,391,958.60 in the previous year[41]. - The company has established a data verification platform in collaboration with universities, focusing on algorithm and model training based on video data from production enterprises[33]. - The company aims to enhance its technological capabilities through ongoing research and development initiatives[158]. Corporate Governance and Compliance - The company has established a comprehensive governance structure to protect shareholder and creditor rights, ensuring compliance with relevant laws and regulations[74]. - The company held two shareholder meetings in the first half of the year, adhering to legal requirements for notification and documentation[75]. - There were no violations regarding external guarantees during the reporting period[87]. Market Position and Strategy - The company is focusing on cloud video services, optimizing support for monitoring systems and technologies like 4K and H.265, and has developed a complete set of domestic solutions[32]. - The company plans to integrate resources and accelerate market expansion while developing new products to enhance overall competitiveness[64]. - The company has been recognized as a national high-tech enterprise and holds multiple top-tier industry qualifications, enhancing its competitive edge[37]. Risks and Challenges - The company faces risks including policy changes, technological advancements, talent acquisition challenges, and intensified industry competition[63]. - The company has detailed potential risks and corresponding countermeasures in the report[5]. Social Responsibility and Employee Welfare - The company emphasizes energy conservation and environmental protection through IT services, promoting a low-carbon and green office environment[73]. - The company prioritizes employee health and safety, providing annual health check-ups and purchasing accident insurance for all employees[79]. - The company has actively participated in social welfare initiatives, emphasizing its strong sense of social responsibility and commitment to sustainable development[82].

Financial Performance - The company's revenue for Q1 2021 was ¥107,173,487.37, a decrease of 5.48% compared to ¥113,393,056.70 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥3,642,553.90, representing a decline of 499.78% from a profit of ¥911,131.16 in the previous year[8] - Basic and diluted earnings per share were both -¥0.017, a decrease of 525.00% from ¥0.004 in the previous year[8] - Total operating revenue for Q1 2021 was CNY 107,173,487.37, a decrease from CNY 113,393,056.70 in the previous period[36] - Net profit for the quarter was a loss of CNY 3,957,866.89, compared to a profit of CNY 214,811.48 in the same period last year[38] - The company reported a total comprehensive loss of CNY 4,074,264.38, compared to a gain of CNY 677,654.19 in the previous year[39] - The basic and diluted earnings per share were both CNY -0.017, compared to CNY 0.004 in the previous period[39] - The company reported a total profit loss of CNY -4,125,832.29, compared to a loss of CNY -414,730.80 in the previous year[38] Cash Flow and Liquidity - The net cash flow from operating activities improved to -¥95,292,621.39, a 13.07% increase compared to -¥109,623,419.32 in the same period last year[8] - Cash and cash equivalents decreased by 47.45% from CNY 246,447,334.15 to CNY 129,506,199.71 due to payments for goods, short-term loan repayments, and employee compensation[15] - The cash inflow from sales of goods and services was CNY 175,611,859.68, compared to CNY 133,930,776.99 in the previous period, indicating a significant increase[45] - The net cash outflow from operating activities was CNY -95,292,621.39, an improvement from CNY -109,623,419.32 in the previous period[46] - The ending cash and cash equivalents balance was CNY 122,646,280.50, slightly up from CNY 121,372,778.67 in the previous period[47] - The cash inflow from operating activities totaled CNY 185,474,361.68, compared to CNY 141,809,098.40 in the previous period[45] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,097,870,394.42, down 4.25% from ¥1,146,613,927.88 at the end of the previous year[8] - Non-current assets totaled CNY 272,286,685.49, down from CNY 274,750,588.71[33] - Total liabilities amounted to CNY 358,568,148.82, down from CNY 413,980,828.23[34] - Total equity decreased to CNY 715,787,698.65 from CNY 716,945,445.64[34] - Accounts receivable slightly decreased to CNY 412,450,893.87 from CNY 419,166,448.79[31] - Inventory increased to CNY 248,971,343.91 from CNY 215,618,618.58[31] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,474[11] - The top shareholder, Wang Guohong, holds 14.60% of the shares, amounting to 30,626,396 shares[11] Operating Expenses - Operating costs amounted to CNY 56,076,670.75, down from CNY 85,851,803.38 year-on-year[41] - Research and development expenses were CNY 8,752,251.53, a decrease from CNY 10,853,664.08 year-on-year[38] - Cash paid to employees increased by 43.71% from CNY 23,824,063.23 to CNY 34,237,380.94, primarily due to the payment of 2020 bonuses[16] - Cash paid for other operating activities increased by 370.83% from CNY 2,608,370.65 to CNY 12,281,097.24, attributed to increased project-related guarantee deposits[16] Other Financial Metrics - The company reported non-recurring gains and losses totaling ¥390,015.99 for the period[9] - Other income decreased by 65.52% from CNY 2,889,680.75 to CNY 996,294.23, mainly due to a reduction in VAT refunds and government subsidies[15] - Financial expenses decreased by 43.22% from CNY 155,140.70 to CNY 88,094.80, primarily due to lower interest expenses on short-term loans[15] - The company incurred credit impairment losses of CNY -2,200,626.12, an improvement from CNY -4,030,710.80 in the previous year[38]