北京真视通科技股份有限公司 2018 年第三季度报告正文 证券代码：002771 证券简称：真视通 公告编号：2018-070 北京真视通科技股份有限公司 2018 年第三季度报告正文 1 北京真视通科技股份有限公司 2018 年第三季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人王国红、主管会计工作负责人杜毅及会计机构负责人(会计主管 人员)杜毅声明：保证季度报告中财务报表的真实、准确、完整。 2 北京真视通科技股份有限公司 2018 年第三季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 1,174,568,740.61 | | 1,153,564,262.79 | 1.82% | | 归 ...

Financial Performance - The company's operating revenue for the first half of 2018 was ¥335,909,307.15, a decrease of 10.07% compared to ¥373,519,922.51 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2018 was ¥20,075,107.39, down 32.32% from ¥29,663,726.12 in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥17,586,449.42, a decline of 39.99% compared to ¥29,306,906.80 in the same period last year[19]. - Basic earnings per share decreased by 33.33% to ¥0.12 from ¥0.18 in the same period last year[19]. - The company achieved operating revenue of ¥335.91 million, a decrease of 10.07% year-on-year[39]. - Net profit attributable to shareholders was ¥20.08 million, down 32.32% compared to the previous year[39]. - The company reported a net profit attributable to shareholders for the first three quarters of 2018 expected to range from 20.61 million to 32.98 million RMB, reflecting a decrease of 50.00% to 20.00% compared to the same period in 2017[64]. - The company reported a total operating profit of CNY 23,634,285.53, a decrease from CNY 33,871,555.75, which is a decline of 30.2%[141]. - The total comprehensive income for the current period is CNY 21,151,498.16, down from CNY 30,772,024.13, indicating a decline of 31.5%[142]. Cash Flow and Assets - The net cash flow from operating activities was -¥211,832,963.78, worsening by 42.42% from -¥148,734,963.93 in the previous year[19]. - The company's cash and cash equivalents decreased by 78.44% compared to the beginning of the period, primarily due to the payment of 2017 annual bonuses and taxes, as well as increased purchases of financial products and payment of goods[30]. - The company's cash and cash equivalents decreased from CNY 362,150,111.13 to CNY 78,085,573.23, representing a decline of approximately 78.4%[128]. - The company's cash and cash equivalents decreased significantly to CNY 67,470,547.16 from CNY 350,988,522.41, a drop of 80.8%[133]. - The total cash inflow from investment activities was 220,893,272.69 yuan, while cash outflow was 255,411,604.69 yuan, leading to a net cash outflow[149]. - The company's total assets at the end of the reporting period were approximately ¥649.28 million, a decrease from ¥590.22 million at the end of the previous year, indicating a decline of about 9.9%[158]. - Total assets decreased from CNY 1,153,564,262.79 to CNY 1,016,562,711.90, a reduction of about 11.9%[129]. - The company's accounts receivable increased to CNY 425,808,114.04, representing 41.89% of total assets, up 3.00% from the previous year[53]. - The company reported a total of CNY 24,106.99 in investment income, contributing 0.11% to total profit[51]. Risks and Challenges - The company has identified potential risks and has outlined corresponding countermeasures in the report[5]. - The company faced challenges in project acceptance due to various factors, leading to a decrease in project completion compared to the previous year, which also increased asset impairment losses[65]. - The company identified several risks, including policy, technology, talent, and intensified industry competition, and is implementing measures to mitigate these risks[66][67][68][69]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company established a military-civilian integration industry investment fund to support future business development[39]. - The company is actively expanding new business areas while maintaining stable performance in its main business[65]. - The company plans to enhance its research and development efforts to introduce new products and technologies in the upcoming quarters[164]. - The company is exploring market expansion opportunities to improve its competitive position in the industry[164]. - The company aims to improve operational efficiency and reduce costs in response to the current financial challenges[164]. Shareholder and Governance Matters - The company will not allow any single purchase of shares to exceed 2% of the total share capital, with a minimum investment of RMB 1 million for each purchase[76]. - The company’s major shareholders are required to disclose any failure to fulfill commitments regarding share purchases and provide compensatory commitments to protect investors[76]. - The company has established a governance structure including a shareholders' meeting, board of directors, and supervisory board, along with various operational centers[180]. - The financial report was approved by the company's board on July 30, 2018, covering the consolidated scope of the company and its wholly-owned subsidiaries[181]. Legal Matters - The company has not undergone any major litigation or arbitration matters during the reporting period[81]. - The company has a pending lawsuit regarding a rental dispute with Beijing Beichen Innovation High-Tech Development Co., Ltd., with a claim amount of approximately RMB 3.85 million[81]. - The company is pursuing a claim against Guizhou Lingyun Haitong Information Technology Co., Ltd. for unpaid receivables amounting to RMB 1.14 million, with the court ruling in favor of the company[81]. Innovation and Technology - The company has accumulated 7 patents and 87 software copyrights as of June 30, 2018, reflecting its commitment to technology accumulation and innovation[32]. - The company launched its cloud video system brand "ZhenHuiTong," which integrates cloud computing and virtualization technology, providing a comprehensive solution for cloud video communication[32]. - The company is focusing on enhancing its technology and product offerings to improve market competitiveness[176]. Market Position - The company is positioned as a leading provider of multimedia video solutions and services in China, with a focus on high-quality service and technological innovation[28]. - The company has established a strong brand and customer advantage, having served 34 government departments and 45 central enterprises, representing about half of the total in each category[31]. - The company provides multimedia video solutions to large and medium-sized clients in various sectors including energy, government, finance, transportation, education, and healthcare[180].

Financial Performance - The company's operating revenue for Q1 2018 was ¥149,749,309.92, a decrease of 7.22% compared to ¥161,394,086.34 in the same period last year[8]. - The net profit attributable to shareholders was ¥8,266,519.33, down 35.93% from ¥12,902,337.85 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was ¥6,765,731.54, a decline of 47.60% compared to ¥12,911,323.34 in the previous year[8]. - The net profit attributable to shareholders for the first half of 2018 is expected to decrease by 20.00% to 50.00% compared to the same period in 2017, with a range of 14.83 million to 23.74 million yuan[18]. Cash Flow and Assets - The net cash flow from operating activities was -¥159,714,754.06, worsening by 20.13% from -¥132,952,757.23 in the same period last year[8]. - The total assets at the end of the reporting period were ¥987,699,853.12, a decrease of 14.38% from ¥1,153,564,262.79 at the end of the previous year[8]. - Cash received from other operating activities increased by 189.01% year-on-year, attributed to the release of restricted cash during the reporting period[16]. - Cash paid for purchasing goods and services increased by 35.40% year-on-year, mainly due to an increase in the amount of matured notes payable by 46.89 million yuan[16]. - Cash paid for acquiring fixed assets, intangible assets, and other long-term assets decreased by 89.32% year-on-year, as the previous period involved significant purchases for a key technology project[16]. Income and Expenses - Investment income decreased by 168.76% year-on-year due to losses recognized from long-term equity investments in associates[15]. - Non-operating income decreased by 100.00% compared to the same period last year, primarily due to the absence of VAT refunds in the reporting period[16]. - Non-operating expenses decreased by 100.00% year-on-year, as the previous period's asset disposal gains were classified under non-operating expenses[16]. - Income tax expenses decreased by 66.51% year-on-year, mainly due to a reduction in total profit and deferred tax expenses from bad debt provisions and restricted stock expenses[16]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,392[11]. - The company received government subsidies amounting to ¥1,430,154.52, which was not reported in the previous year[9]. Other Financial Activities - The company reported a significant increase in prepayments, which rose by 230.44% compared to the beginning of the period[15]. - Cash received from investment income increased by 151.07% year-on-year, driven by a rise in the amount of financial products compared to the previous year[16]. - Cash paid for other investment-related activities increased by 225.00% year-on-year, due to an increase of 90 million yuan in financial product purchases[16]. - Cash received from investment decreased by 100% year-on-year, as the previous period included 5.5255 million yuan from restricted stock payments[16].

Financial Performance - The company's operating revenue for 2017 was RMB 818,572,605.46, representing a 3.03% increase compared to RMB 794,486,373.95 in 2016[16] - The net profit attributable to shareholders for 2017 was RMB 69,281,457.22, a slight increase of 0.36% from RMB 69,035,824.11 in the previous year[16] - The net profit after deducting non-recurring gains and losses was RMB 66,809,262.78, which is a 4.93% increase from RMB 63,668,735.84 in 2016[16] - The net cash flow from operating activities increased significantly by 60.43% to RMB 61,427,426.44, compared to RMB 38,290,064.43 in 2016[16] - The basic earnings per share remained stable at RMB 0.43, unchanged from the previous year[16] - The diluted earnings per share also remained at RMB 0.43, consistent with 2016[16] - The weighted average return on equity decreased to 11.23% from 12.24% in 2016[16] - Quarterly revenue peaked at CNY 272,894,966.92 in Q4 2017, with total annual revenue showing significant growth[22] - Net profit attributable to shareholders in Q4 2017 reached CNY 28,053,538.60, marking a substantial increase compared to previous quarters[22] - The company reported a revenue of 818.57 million CNY, representing a year-on-year growth of 3.03%[40] - The net profit attributable to shareholders was 69.28 million CNY, with a slight increase of 0.36% year-on-year[40] - The net cash flow from operating activities reached 61.43 million CNY, showing a significant increase of 60.43%[40] - The total assets of the company at year-end were 1.15 billion CNY, reflecting a growth of 14.44%[40] Business Strategy and Development - The company plans to focus on cloud video systems and cloud video operation services as key future business directions[28] - The company has successfully provided solutions to nearly 100 clients in key industries such as energy, government, and finance, enhancing its market position[29] - The company established a wholly-owned subsidiary in Changsha, Hunan, to enhance regional support and development[41] - The cloud video business was identified as a key growth area, with the establishment of a key technology laboratory receiving a government grant of 15.09 million CNY[43] - The company aims to become a leading provider of information technology and multimedia video solutions in China over the next three to five years[91] - The strategic focus includes expanding into five key areas: cloud video, cloud simulation, military-civilian integration, IoT, and big data[91] - The company plans to enhance its cloud video technology and industry influence through the establishment of a key engineering laboratory[93] - The company will actively expand its big data business, particularly in the electric power sector, by recruiting experts and strengthening technical reserves[93] - The company has established a strategic partnership with Zijing Vision, enhancing its cloud video business competitiveness[44] Investments and Financial Management - The company made equity investments in Hangzhou Suolang and Anrong Technology, increasing available-for-sale financial assets by CNY 8,500,000[31] - The company has actively pursued external investments, including stakes in several companies to enhance business synergy and resource integration[46] - The company reported a balance of unused raised funds of CNY 3,855.35 million, attributed to strict management and cost control during project implementation[85] - The company will pursue external growth through investments, mergers, and industry consolidation[92] - The company has committed to not reducing its shareholdings within six months following the disclosure of profit distribution and capital reserve transfer plans[126] Shareholder and Dividend Policies - The company plans to distribute a cash dividend of RMB 1.50 per 10 shares to all shareholders[5] - The total cash dividend amount for 2017 is 24,240,030 yuan, which represents 34.99% of the net profit attributable to shareholders of the listed company[112] - The cash dividend distribution policy has not been adjusted or changed during the reporting period[109] - The company ensures that the dividend distribution policy complies with the company's articles of association and shareholder resolutions[109] - Independent directors are responsible for reviewing and providing independent opinions on the profit distribution plan[108] - The company actively seeks feedback from investors, especially minority shareholders, regarding the profit distribution plan[107] Corporate Governance and Compliance - The company emphasizes the protection of shareholder and creditor rights through improved corporate governance and strict information disclosure practices[162] - Continuous improvement of corporate governance structures has been a priority, aligning with legal and regulatory requirements[163] - The company has maintained a strong focus on investor relations management to ensure fair treatment of all shareholders[162] - The governance structure includes specialized committees to ensure effective decision-making and oversight[164] - The company has committed to ensuring the accuracy and completeness of its IPO prospectus, taking legal responsibility for any misleading statements[123] Research and Development - R&D investment increased by 15.33% from 33,737,597.97 CNY in 2016 to 38,909,913.15 CNY in 2017, with R&D investment accounting for 4.75% of operating revenue[69] - The company completed the R&D of the big data visualization display platform system, which has been applied in actual solutions, resulting in a certain customer accumulation[69] - The R&D center is dedicated to software platform development and application solutions, aligning technology with customer needs[171] Market Position and Client Relations - The company has established a strong brand and customer base, serving significant clients in government and central enterprises, which enhances its competitive advantage[32] - The company has developed long-term stable relationships with major clients, supported by a dedicated sales service team[171] - The company served 34 national ministries and agencies, accounting for approximately half of the total[42] Risk Management - The company faces potential risks including policy changes, technological advancements, talent acquisition challenges, and intensified industry competition[96][97][98][99] - The company has not experienced any significant changes in the feasibility of its investment projects during the reporting period[86] Environmental and Social Responsibility - The company emphasizes its commitment to environmental protection, stating that it does not belong to key pollutant discharge units and promotes energy-saving and green practices in its operations[174] - The company has a strong sense of social responsibility, actively participating in social welfare initiatives and ensuring sustainable development[172] - The company has been actively involved in establishing good public relations and fulfilling its social responsibilities through tax compliance and community engagement[172]

北京真视通科技股份有限公司 2017 年第三季度报告正文 证券代码：002771 证券简称：真视通 公告编号：2017-103 北京真视通科技股份有限公司 2017 年第三季度报告正文 1 北京真视通科技股份有限公司 2017 年第三季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人胡小周、主管会计工作负责人杜毅及会计机构负责人(会计主管 人员)杜毅声明：保证季度报告中财务报表的真实、准确、完整。 2 北京真视通科技股份有限公司 2017 年第三季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 | 项目 | 年初至报告期期末金额 | 说明 | | --- | --- | --- | | 非流动资产处置损益（包括已计提资产减值准备的冲销部分） | -68,379.10 | | | 计入当期损益的政府补助（与企业业务密切相关，按照国家统 | 222,364.10 | | | 一标准定额或定量享受的政府补助除外） ...

Financial Performance - The company's operating revenue for the first half of 2017 was RMB 373,519,922.51, representing an increase of 8.37% compared to RMB 344,656,361.20 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was RMB 29,663,726.12, a decrease of 7.91% from RMB 32,211,820.00 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was RMB 29,306,906.80, down 7.57% from RMB 31,707,162.99 in the same period last year[18]. - The basic earnings per share decreased by 10.00% to RMB 0.18 from RMB 0.20 in the previous year[18]. - The total assets at the end of the reporting period were RMB 924,544,875.03, a decrease of 8.28% from RMB 1,007,983,818.59 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company increased by 2.20% to RMB 603,203,317.78 from RMB 590,219,783.53 at the end of the previous year[18]. - The net cash flow from operating activities was RMB -148,734,963.93, an improvement of 3.88% compared to RMB -154,736,859.61 in the same period last year[18]. - The company reported a total profit of CNY 33,987,287.82, a decrease of 10.9% compared to CNY 38,084,360.82 in the same period last year[146]. - The company incurred asset impairment losses of CNY 7,130,283.90, which is a significant increase from CNY 3,544,944.35 in the previous year[144]. - The company reported a net loss of RMB 24,193,950 for the first half of 2017[177]. Research and Development - R&D investment for the first half of the year was 18.85 million yuan, an increase of 54.83% year-on-year[37]. - The company's R&D investment increased by 54.83% to ¥18,854,364.71, primarily due to enhanced investment in cloud video, cloud simulation, and emergency command systems[45]. - The company obtained 8 software copyrights, including the V1.0 version of the multimedia centralized display and interaction system and the cloud video business management platform[37]. - The company has accumulated 7 patents and 75 software copyrights as of June 30, 2017[37]. Market and Business Strategy - The company continues to engage in its main business without significant changes during the reporting period[26]. - The regional market revenue accounted for 35.98% of the total revenue, up by 8.29 percentage points year-on-year[41]. - The company plans to establish a wholly-owned subsidiary in Changsha, Hunan, to focus on military-civilian integration business[38]. - A strategic cooperation framework agreement was reached with Hunan Xiangjiang Liyuan Investment Management Co., Ltd. to set up an industry investment fund focused on military-civilian integration[38]. - The company has established an education and training division and invested in Hangzhou Suolang Information Technology Co., Ltd., enhancing its presence in the education market[39]. - The company is actively expanding its business and customer base, focusing on innovation and enhancing management levels to ensure steady development[75]. - The company is focusing on integrating resources and enhancing its competitive advantages in the cloud video conferencing market[79]. Financial Management and Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company has implemented a strategy to increase shareholder value through both cash dividends and share conversions[115]. - The company completed a cash dividend distribution of RMB 3 per 10 shares and a capital reserve conversion of 10 shares for every 10 shares held, resulting in a total share count of 161,600,200 shares[115]. - The total number of ordinary shareholders at the end of the reporting period was 19,222[120]. - The company has a structured approach to talent recruitment and performance management to meet its growing needs[78]. - The company is committed to maintaining transparency and compliance with regulatory requirements regarding shareholder information[116]. Asset Management - Cash and cash equivalents decreased by 71.63%, mainly due to year-end bonuses and tax payments[27]. - Accounts receivable increased by 37.92%, reflecting revenue growth during the year[27]. - Prepayments increased by 141.26%, mainly due to advances for the China Railway Bridge Bureau project[27]. - The company's cash and cash equivalents decreased significantly from CNY 357,087,089.31 to CNY 101,310,761.68, a drop of about 71.7%[135]. - Total current assets decreased from CNY 873,713,635.92 to CNY 779,127,287.78, a decline of approximately 10.8%[136]. - Total liabilities decreased from CNY 417,764,035.06 to CNY 321,341,557.25, a decline of about 23%[137]. - Owner's equity increased from CNY 590,219,783.53 to CNY 603,203,317.78, reflecting a growth of approximately 2%[138]. Corporate Governance and Compliance - The company has established a governance structure including a board of directors and various operational centers[182]. - The financial statements are prepared based on the going concern assumption and comply with the accounting standards[187]. - The company has not reported any significant events affecting its ability to continue as a going concern[185]. - The company has not conducted an audit of its half-year financial report[85]. - The company experienced a change in senior management, with the resignation of Deputy General Manager Xiao Yun on January 7, 2017, due to personal reasons[129]. Risks and Challenges - The company faces risks including policy changes, technological advancements, talent acquisition challenges, and intensified industry competition, and is implementing measures to mitigate these risks[76][77][78][79]. - The company is monitoring industry policies and market demand to avoid potential policy risks[76].

北京真视通科技股份有限公司 2017 年第一季度报告正文 证券代码：002771 证券简称：真视通 公告编号：2017-052 北京真视通科技股份有限公司 2017 年第一季度报告正文 1 北京真视通科技股份有限公司 2017 年第一季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人胡小周、主管会计工作负责人吴岚及会计机构负责人(会计主管 人员)杜毅声明：保证季度报告中财务报表的真实、准确、完整。 2 北京真视通科技股份有限公司 2017 年第一季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等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） | 161,394,086.34 | 127,837,238.52 | 26.25% | | 归 ...

Financial Performance - The company's operating revenue for 2016 was approximately RMB 794.49 million, representing a 12.10% increase compared to RMB 708.72 million in 2015[16]. - The net profit attributable to shareholders for 2016 was approximately RMB 69.04 million, an increase of 14.98% from RMB 60.04 million in 2015[16]. - The basic and diluted earnings per share remained at RMB 0.86, unchanged from the previous year[16]. - The total profit reached 78.89 million yuan, reflecting a growth of 14.18% compared to the previous year[40]. - The gross profit margin improved from 22.21% to 24.41%, an increase of 2.2 percentage points[41]. - Revenue from the data center business line was 161.70 million yuan, a significant growth of 56.90%, accounting for 20.35% of total revenue[42]. - Revenue from regional markets reached 301.95 million yuan, growing by 14.15%, with the central region seeing a 95.17% increase[43]. - Government sector revenue grew by 58.19%, while the transportation sector increased by 52.92%[44]. Cash Flow and Assets - The net cash flow from operating activities decreased by 54.40% to approximately RMB 38.29 million, down from RMB 83.98 million in 2015[16]. - The total assets at the end of 2016 were approximately RMB 1.01 billion, a decrease of 5.28% from RMB 1.06 billion at the end of 2015[17]. - The net assets attributable to shareholders increased by 8.61% to approximately RMB 590.22 million, up from RMB 543.41 million in 2015[17]. - The company reported a net increase in cash and cash equivalents of ¥72.27 million, down 32.70% from the previous year[86]. - Accounts receivable increased to ¥260.71 million, accounting for 25.86% of total assets, reflecting revenue growth[91]. Research and Development - R&D investment amounted to 33.74 million yuan, a year-on-year increase of 58.16%[46]. - The number of R&D personnel increased to 141 in 2016, a rise of 16.53% from 121 in 2015, accounting for 25.13% of the total workforce[84]. - R&D efforts focused on upgrading multimedia information systems and production monitoring and emergency command systems, with significant progress reported in both areas[79][81]. - The company completed the development of the cloud video conferencing system and several related software copyrights, including multiple versions of the "Zhenhui Tong" cloud video conferencing platform[81]. Business Development and Strategy - The company launched a new cloud video conferencing product named "ZhenHuiTong," which integrates traditional video conferencing with cloud capabilities, supporting various communication scenarios[27]. - The company has established a strong reputation in the multimedia video solutions sector, serving over 20 government departments and more than 30 central enterprises[32]. - The company has successfully provided solutions to nearly 100 key clients in industries such as energy, government, finance, and education[30]. - The company is focusing on the cloud video service market, which is rapidly evolving and attracting competition from both traditional service providers and major internet companies[106]. - The company intends to develop three types of IoT solutions, focusing on smart office, smart security, and intelligent manufacturing, targeting large enterprises and high-security sectors[114]. Risk Management and Compliance - The company has outlined potential risks in its future development outlook, which investors should be aware of[5]. - The company has implemented a legal department to strengthen risk management and enhance legal compliance[58]. - The governance structure was improved with the establishment of various internal management systems to ensure regulatory compliance in major business operations[59]. - The company faces risks including policy changes, technological advancements, talent acquisition challenges, intensified industry competition, and integration risks from acquisitions[121][125][126]. Profit Distribution and Shareholder Commitments - The company plans to distribute a cash dividend of RMB 3.00 per 10 shares (including tax) to all shareholders[5]. - The company's profit distribution policy remains unchanged, emphasizing reasonable returns to investors and maintaining continuity and stability[130]. - Cash dividends are prioritized, with a minimum of 80% of profits distributed as cash dividends during mature stages without major capital expenditures[131]. - The company has committed to maintaining a minimum cash dividend ratio of 20% during its growth phase[143]. - The company has established a policy that any share reduction after the lock-up period must not be below the issuance price[152]. Subsidiaries and Acquisitions - The company added a wholly-owned subsidiary, Tianjin Zhenwutong Technology Co., Ltd., to its consolidation scope during the reporting period[74]. - The acquisition of NetRunJieKe, a leader in cloud computing and data center construction, was approved, enhancing the company's capabilities in providing comprehensive cloud solutions[53]. - A wholly-owned subsidiary, Tianjin Zhenwu Tong, was established with a registered capital of RMB 10 million to expand into the IoT business[55]. Legal and Regulatory Matters - The company did not engage in any related party transactions during the reporting period[189]. - There were no significant lawsuits or arbitration matters reported during the period[186]. - The company will ensure the accuracy and completeness of its prospectus and will be liable for any significant omissions[174].

Financial Performance - Operating revenue for the reporting period was CNY 175,893,975.01, an increase of 28.31% year-on-year[8] - Net profit attributable to shareholders was CNY 10,166,662.41, reflecting a growth of 5.63% compared to the same period last year[8] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 6,738,262.87, a decrease of 28.28% year-on-year[8] - The basic earnings per share for the reporting period was CNY 0.13, an increase of 8.33% compared to the same period last year[8] - The weighted average return on equity was 1.82%, a decrease of 0.04% compared to the previous year[8] - The company reported a net cash flow from operating activities of CNY -183,531,563.19, a decrease of 81.62% year-to-date[8] - Investment income increased by 187.04% year-on-year, driven by a higher average balance of financial products compared to the previous year[15] - The estimated net profit attributable to shareholders for 2016 is projected to be between 60.04 million and 78.05 million RMB, representing a growth range of 0.00% to 30.00% compared to the previous year[37] - The company reported a net profit of 60.04 million RMB for the year 2015[37] - The growth in performance is attributed to the company's active innovation, enhanced research and development, and continuous expansion into new businesses and clients[37] Assets and Liabilities - Total assets at the end of the reporting period were CNY 894,713,399.68, a decrease of 15.93% compared to the end of the previous year[8] - Cash and cash equivalents decreased by 65.14% compared to the beginning of the period, primarily due to the payment of year-end bonuses and taxes, as well as increased expenditures on financial products and office renovations[15] - Accounts receivable increased by 36.54% compared to the beginning of the period, with confirmed revenue of RMB 520.55 million, reflecting a concentration of collections at year-end due to the nature of the customer base[15] - Fixed assets increased by 932.05% compared to the beginning of the period, attributed to the completion of office renovations and the transfer of construction in progress to fixed assets[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,859[11] - The largest shareholder, Wang Guohong, held 21.24% of the shares, totaling 17,132,460 shares[11] Strategic Initiatives - The company signed a strategic cooperation agreement with Shanghai Technology Network, enhancing the promotion of its cloud video products "Zhenhui Tong" and "Shihui Tong" through shared resources[17] - The company plans to acquire 100% equity of Wangrun Jieke through a combination of stock issuance and cash payment, with a fundraising target of up to RMB 400 million from specific investors[18] - A wholly-owned subsidiary, Tianjin Zhenwutong Technology Co., Ltd., was established with a registered capital of RMB 10 million to enhance the company's industry layout and capitalize on IoT opportunities[19] Expenses and Financial Management - Management expenses increased by 45.20% year-on-year, mainly due to increased R&D investments in cloud video projects[15] - Other operating cash payments increased by 37.92% year-on-year, reflecting growth in revenue and related expenses[15] - The company’s financial expenses decreased by 475.97% year-on-year, due to a significant reduction in short-term borrowings compared to the previous year[15] Compliance and Commitments - The company is currently fulfilling commitments related to the independence of its operations, ensuring separation in personnel, finance, assets, and business from other controlled enterprises[22] - The company has ongoing commitments to ensure the accuracy and completeness of its asset restructuring application documents, with no false records or misleading statements[22] - The company is committed to ensuring that its IPO prospectus does not contain false records or misleading statements, bearing legal responsibility for any inaccuracies[24] - The company has committed to not engaging in significant asset purchases or capital operations until obligations are fulfilled[26] - The company is committed to avoiding related party transactions unless unavoidable, ensuring that any such transactions are conducted on a fair and reasonable basis[30] - The company has committed to not using related party transactions to transfer profits away from the company[30] Share Repurchase Plans - The company is in the process of implementing a share repurchase plan aimed at stabilizing its stock price, which must comply with relevant regulations and will be initiated within 5 trading days after the board's decision[24] - The total amount used for share repurchases will not exceed 50% of the net profit attributable to shareholders from the previous fiscal year, with a single repurchase not exceeding 20% of that amount[24] - The company plans to repurchase all newly issued shares within 6 months at a price not lower than the issuance price plus the bank's current deposit interest[26] - If the company fails to fulfill its commitments, it will immediately stop cash dividend plans and halt the payment of salaries to directors and senior management until obligations are met[26] - The company will freeze its funds for compensation within 5 working days if it does not comply with the commitments made[26] - Shareholders are restricted from transferring or entrusting their shares for 36 months post-IPO, with specific conditions for share reduction thereafter[26] - The company will notify shareholders 4 trading days before any share reduction, ensuring compliance with legal regulations[28] - The company will adjust the repurchase price in case of profit distribution or other corporate actions affecting share value[26] - Shareholders must adhere to a minimum selling price not lower than the issuance price during the lock-up period[28] - The company has established a consistent voting agreement among key shareholders to maintain control over board decisions[28] - The company reported a commitment to stabilize its stock price for three years post-IPO, ensuring that if the closing price falls below the latest audited net asset value per share for 20 consecutive trading days, it will increase its shareholding[30] - The company plans to use a minimum of RMB 1 million for single share purchases, with an annual cap on total investments not exceeding the previous year's after-tax salary and cash dividends combined[32] - The company will disclose any failure to fulfill its commitments regarding share purchases and will compensate for any losses incurred by the company or investors due to such failures[32] - The company will ensure that any increase in shareholding is communicated within two working days upon triggering conditions for stock price stabilization[32] - The company will not oppose shareholder proposals for share repurchase plans, ensuring alignment with shareholder interests[32] - The company has a strategy to adjust its net asset value per share in response to changes in capital structure due to profit distribution or other corporate actions[33] - The company is actively working on maintaining compliance with regulatory requirements regarding stock price stabilization measures[32]

Financial Performance - The company achieved operating revenue of CNY 344,656,361.20, representing a year-on-year increase of 26.87%[22] - The net profit attributable to shareholders was CNY 32,211,820.00, up 5.21% compared to the previous year[22] - The basic earnings per share decreased by 21.57% to CNY 0.40[22] - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the first half of 2016, representing a year-over-year growth of 25%[108] - Net profit for the first half of 2016 was CNY 32,211,820.00, compared to CNY 30,615,973.40 in the previous year, representing a growth of approximately 5.2%[151] - The total profit for the first half of 2016 was CNY 38,084,360.82, compared to CNY 35,453,101.13 in the previous year, marking an increase of 7.3%[150] Cash Flow and Assets - The net cash flow from operating activities was negative at CNY -154,736,859.61, a decline of 149.46% from the previous year[22] - Cash and cash equivalents decreased by 50.12% to CNY 146,790,247.56, attributed to increased expenditures on financial products and office renovations[43] - The company's cash and cash equivalents decreased from CNY 294,281,108.88 at the beginning of the period to CNY 146,790,247.56 at the end, representing a decline of approximately 50.16%[140] - Total assets decreased by 17.49% to CNY 878,092,060.10 compared to the end of the previous year[22] - Total current assets decreased from CNY 941,438,584.82 to CNY 746,728,854.93, a decline of about 20.67%[141] - The total assets at the end of the reporting period amount to RMB 80,646,500.00, reflecting a significant increase from the previous year's total[179] Research and Development - Research and development expenses increased by 62.76% year-on-year, impacting the growth rate of total profit and net profit[32] - The company is focused on enhancing its core competitiveness through increased R&D investment for long-term stable development[32] - R&D investment increased by 62.76% to CNY 12,177,694.77 compared to the same period last year, driven by new cloud video projects[43] - Investment in R&D has increased by 30% year-over-year, emphasizing the company's commitment to innovation and technology advancement[108] Strategic Initiatives - The company plans to acquire NetRunJieKe, a leading enterprise in cloud computing and data center solutions, to enhance its overall capabilities in cloud data center solutions[37] - The company launched a strategic development plan called "3 Cloud, 3+, 3 Platforms," focusing on cloud computing, smart technologies, and data analytics[33][34] - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[108] - A strategic acquisition of a smaller tech firm is in progress, aimed at bolstering the company's technological capabilities and market reach[108] Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares[6] - The company has committed to not oppose the share repurchase plan proposed by the board of directors, ensuring stability in stock prices[113] - The company will hold a shareholders' meeting to approve the share repurchase plan, requiring a two-thirds majority of voting rights from attending shareholders[103] - The company has established a governance structure including a board of directors and various operational centers, enhancing its management capabilities[186] Market and Client Engagement - The company has successfully provided multimedia video conferencing solutions to over 100 important clients, including more than 20 government departments, accounting for approximately 25% of the total number of ministries under the State Council[51] - The company has engaged in entrusted financial management with a total amount of 18 million yuan, generating a total income of 183.16 thousand yuan during the reporting period[60] - The company has a well-established reputation in the multimedia video conferencing industry, attributed to its successful project implementation and adherence to high-quality service standards[51] Financial Management - The company achieved a 77.92% reduction in financial expenses due to a significant decrease in short-term borrowings[41] - The company has made a commitment to ensure that the prospectus for its initial public offering does not contain false records or misleading statements, and will bear legal responsibility for any inaccuracies[103] - The company has a policy that limits the transfer of shares by directors and senior management to no more than 25% of their total holdings annually during their tenure[110] Compliance and Legal Matters - The company maintained compliance with corporate governance regulations without discrepancies[81] - During the reporting period, there were no major litigation or arbitration matters[82] - The company did not engage in any significant transactions or mergers during the reporting period[86][99]