Financial Performance - The company's operating revenue for the first half of 2021 was ¥177,153,847.63, a decrease of 39.54% compared to ¥293,008,597.93 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was ¥3,754,667.67, a significant increase of 111.16% from a loss of ¥33,652,846.00 in the previous year[17]. - The net cash flow from operating activities was ¥43,349,495.03, representing a 9.35% increase from ¥39,643,888.70 in the same period last year[17]. - The basic earnings per share improved to ¥0.0313, compared to a loss of ¥0.280 per share in the previous year, marking an increase of 111.18%[17]. - Total assets at the end of the reporting period were ¥567,445,683.37, an increase of 4.98% from ¥540,504,892.38 at the end of the previous year[17]. - The net assets attributable to shareholders of the listed company were ¥386,306,604.91, a slight increase of 0.94% from ¥382,692,956.68 at the end of the previous year[17]. - The company reported a total revenue of 1.5 billion RMB for the first half of 2021, representing a year-on-year increase of 20%[112]. - The company reported a net profit of 20 million RMB for the first half of 2021, representing a year-on-year increase of 15%[126]. - The gross margin improved to 45%, up from 40% in the same period last year, indicating better cost management and pricing strategies[112]. - The gross margin for the first half of 2021 was reported at 40%, a slight increase from 38% in the same period last year[127]. Revenue and Sales - Revenue from vehicle navigation products dropped by 71.27% to ¥41,914,092.07, while revenue from automotive peripheral products decreased by 52.99% to ¥30,136,275.89[69]. - Domestic revenue accounted for 86.02% of total revenue, amounting to ¥152,381,448.19, down 42.16% from the previous year[70]. - The company expects a revenue growth of 25% for the second half of 2021, driven by new product launches and market expansion strategies[114]. - The company expects revenue growth of 10% for the second half of 2021, driven by new product launches and market expansion strategies[128]. Costs and Expenses - The cost of goods sold was ¥133,524,885.19, down 47.65% from ¥255,065,125.60 year-on-year[67]. - The company has set a target to reduce operational costs by 15% over the next year through efficiency improvements[113]. - The company is implementing cost control measures, aiming to reduce operational costs by 5% in the next fiscal year[130]. - Research and development expenses increased by 30% to 200 million RMB, focusing on new technologies and product innovations[115]. Strategic Initiatives - The company plans to continue product innovation, quality improvement, and cost optimization while expanding both domestic and international markets[25]. - The company aims to deepen its industry layout and become a leading provider of comprehensive automotive informationization and intelligent transportation solutions[25]. - The company is focused on developing products related to automotive informationization and intelligent transportation, including smart cockpits, intelligent driving assistance, and vehicle networking products[25]. - The company is actively developing autonomous driving solutions in collaboration with partners, focusing on applications such as scenic area sightseeing vehicles and logistics vehicles[28]. - The company has established a production line for metallurgy waste slag with an annual capacity of 1 million tons, which has been operational since October 2020[29]. - The company is leveraging its R&D platform to improve product design reusability and quality stability, aiming for faster product launches[52]. Market and Industry Trends - The intelligent connected vehicle industry is expected to experience explosive growth due to supportive policies and the integration of advanced technologies like AI and 5G[42]. - The global automotive industry is transitioning from traditional vehicles to smart vehicles, with a focus on new technologies such as electric vehicles and connected cars[55]. - The company is positioned to benefit from the ongoing transformation of the automotive industry towards electrification, intelligence, and connectivity[50]. - The company anticipates significant growth opportunities in the smart driving and autonomous driving sectors, driven by the rise of smart vehicles and artificial intelligence[51]. Risks and Challenges - The company faces risks related to the lagging policies and regulations in the intelligent driving and vehicle networking industries, as well as potential impacts from the pandemic on production and operations[5]. - The ongoing COVID-19 pandemic continues to impact the global automotive supply chain and sales capabilities[91]. - The company is facing risks related to the slow development of policies and regulations in the intelligent driving and connected vehicle sectors[86]. - There is a risk that the development and application of intelligent driving and connected vehicle technologies may not meet expectations[88]. - The company is actively expanding its front-mounted business but faces intense competition and potential underperformance risks[89]. Shareholder and Governance - The company has not distributed cash dividends or bonus shares for the reporting period[96]. - The company has committed to not transferring shares exceeding 25% of their holdings during their tenure as directors or senior management[110]. - The company has successfully completed all commitments related to share restrictions made during the IPO process[107]. - The company has a commitment to maintain share prices above the issuance price for a minimum of 20 consecutive trading days post-IPO[110]. - The company will publicly disclose any failure to fulfill commitments and apologize to shareholders and the public within five working days[136]. - The company has ongoing commitments to avoid conflicts of interest and ensure compliance with major asset risk management[135]. Legal Matters - The company is involved in a lawsuit with Shenzhen Ruoteng Technology Co., with a disputed amount of 4.43 million yuan, which has been ruled in favor of the company in the second instance[148]. - The company has reached a settlement in a dispute with Shenzhen Shengfenda Technology Co., involving a total of 5.39 million yuan, with 4.8 million yuan received as a settlement amount[148]. - The company is pursuing a lawsuit for an overdue equity transfer payment of 3 million yuan, with 2 million yuan expected to be paid within three years[149]. - The company has a pending arbitration case regarding a share repurchase agreement with its former subsidiary, with a total amount of 5 million yuan involved[149]. Operational Efficiency - The company utilizes an advanced automated manufacturing system and operates under the IATF 16949 quality management system to enhance production efficiency and quality control[33]. - The company has implemented a comprehensive information management system to improve production efficiency and quality control[64]. - The company has established a comprehensive sales system with a mature dealer network both domestically and internationally, enhancing its market presence[52]. Future Outlook - Future guidance includes maintaining a focus on sustainable growth and innovation, with a commitment to invest at least 10% of revenue back into R&D[114]. - The company aims to launch three new products in Q4 2021, which are anticipated to contribute an additional 500 million RMB in revenue[118]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2022[116]. - A strategic acquisition of a local tech firm was announced, expected to enhance the company's product offerings and customer base[117].

深圳市路畅科技股份有限公司 2021 年第一季度报告全文 深圳市路畅科技股份有限公司 2021 年第一季度报告 2021-016 2021 年 08 月 1 深圳市路畅科技股份有限公司 2021 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人朱君冰、主管会计工作负责人熊平及会计机构负责人(会计主管 人员)林佳燕声明：保证季度报告中财务报表的真实、准确、完整。 2 深圳市路畅科技股份有限公司 2021 年第一季度报告全文 第二节 公司基本情况 对公司根据《公开发行证券的公司信息披露解释性公告第 1 号——非经常性损益》定义界定的非经常性损益项目，以及把《公 开发行证券的公司信息披露解释性公告第 1 号——非经常性损益》中列举的非经常性损益项目界定为经常性损益的项目，应 说明原因 | 项目 | 年初至报告期期末金额 | 说明 | | --- | --- | --- | | 计入当期损益的政府补助（与企业业务密切相关 ...

深圳市路畅科技股份有限公司 2020 年年度报告全文 深圳市路畅科技股份有限公司 2020 年年度报告 2021-015 2021 年 04 月 1 深圳市路畅科技股份有限公司 2020 年年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连 带的法律责任。 公司负责人朱君冰、主管会计工作负责人熊平及会计机构负责人(会计主管 人员)林佳燕声明：保证本年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 公司存在智能驾驶、车联网、无人驾驶行业政策法规滞后的风险；智能 驾驶、车联网、无人驾驶技术的开发和产品的应用进度不及预期的风险；前装 业务开展及业绩体现不及预期的风险；应收账款和库存金额较大对公司经营产 生不利的风险以及疫情对生产经营的影响。详细内容见本报告"第四节、九、（三） " 公司经本次董事会审议通过的利润分配预案为：以 120000000 为基数，向 全体股东每 10 股派发现金红利 0 元（含税），送红股 0 股（含税），不以公积金 转增股本。 2 ...

2021 年 04 月 1 深圳市路畅科技股份有限公司 2021 年第一季度报告全文 深圳市路畅科技股份有限公司 2021 年第一季度报告 2021-016 深圳市路畅科技股份有限公司 2021 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人朱君冰、主管会计工作负责人熊平及会计机构负责人(会计主管 人员)林佳燕声明：保证季度报告中财务报表的真实、准确、完整。 2 深圳市路畅科技股份有限公司 2021 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 77,977,673.94 | 115,487,483.97 | -32.48% | | 归属于上市公司股东的净利润（元） | 1,359,493.1 ...

深圳市路畅科技股份有限公司 2020 年第三季度报告全文 深圳市路畅科技股份有限公司 2020 年第三季度报告 2020-059 2020 年 10 月 1 深圳市路畅科技股份有限公司 2020 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人郭秀梅、主管会计工作负责人熊平及会计机构负责人(会计主管 人员)朱先冬声明：保证季度报告中财务报表的真实、准确、完整。 2 深圳市路畅科技股份有限公司 2020 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 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） | 710,672,532.51 | | 1,103,970,289.14 | -35.63% | | 归属于上市公司股东的净资产 （元 ...

深圳市路畅科技股份有限公司 2020 年第一季度报告全文 2020 年 07 月 1 深圳市路畅科技股份有限公司 2020 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 深圳市路畅科技股份有限公司 2020 年第一季度报告 2020-026 所有董事均已出席了审议本次季报的董事会会议。 公司负责人郭秀梅、主管会计工作负责人熊平及会计机构负责人(会计主管 人员)朱先冬声明：保证季度报告中财务报表的真实、准确、完整。 2 深圳市路畅科技股份有限公司 2020 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 115,487,483.97 | 163,705,583.98 | -29.45% | | 归属于上市公司股东的净利润（元） | -8,627,393 ...

深圳市路畅科技股份有限公司 2020 年半年度报告全文 深圳市路畅科技股份有限公司 2020 年半年度报告 2020-049 2020 年 07 月 1 深圳市路畅科技股份有限公司 2020 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 公司负责人郭秀梅、主管会计工作负责人熊平及会计机构负责人(会计主管 人员)朱先冬声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 公司存在智能驾驶、车联网、无人驾驶行业政策法规滞后的风险；智 能驾驶、车联网、无人驾驶技术的开发和产品的应用进度不及预期的风险；前 装业务开展及业绩体现不及预期的风险；应收账款和库存金额较大对公司经营 产生不利的风险以及疫情对生产经营的影响。详细内容见本报告"第四节、十 " 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | 目录 | | --- | | 2020 | 年半年度报告 2 | | --- | --- | | 第一节 | 重 ...

Financial Performance - The company's revenue for Q1 2020 was ¥115,487,483.97, representing a decrease of 29.45% compared to ¥163,705,583.98 in the same period last year[9]. - The net profit attributable to shareholders was a loss of ¥8,627,393.47, an improvement of 25.57% from a loss of ¥11,591,046.09 in the previous year[9]. - The net cash flow from operating activities was negative at ¥39,026,784.00, a decline of 156.96% compared to a positive cash flow of ¥68,521,263.69 in the same period last year[9]. - The basic earnings per share were -¥0.07, down 28.40% from -¥0.10 in the previous year[9]. - The company reported a significant increase in revenue for Q1 2020, achieving a total of 1.5 billion RMB, representing a 25% year-over-year growth[46]. - The expected net profit for the first half of 2020 is projected to be between -35 million and -25 million RMB, compared to a net profit of -43.96 million RMB in the same period of 2019[60]. - The net profit for Q1 2020 was -5,210,527.81 CNY, compared to -10,036,493.74 CNY in the same period last year, indicating an improvement of approximately 48.1%[86]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,037,221,181.30, a decrease of 6.05% from ¥1,103,970,289.14 at the end of the previous year[9]. - The company's total liabilities decreased to CNY 741,473,261.90 from CNY 799,590,882.24, representing a reduction of about 7.3%[73][74]. - The company's total equity decreased to CNY 295,747,919.40 from CNY 304,379,406.90, representing a decline of approximately 2.1%[74]. - The cash and cash equivalents decreased to CNY 89,631,362.56 from CNY 99,347,080.66, indicating a decline of approximately 7.3%[70][71]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,628[12]. - The largest shareholder, Guo Xiumei, holds 67.97% of the shares, amounting to 81,569,790 shares, with 48,749,999 shares pledged[12]. - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[13]. Operational Metrics - Operating costs decreased by 33.73% to RMB 95,902,224.36, mainly due to a decline in sales volume[16]. - Financial expenses surged by 588.10% to RMB 6,785,417.13, primarily due to an increase in exchange losses[16]. - Cash paid for purchasing goods and services rose by 204.73% to RMB 202,472,849.12, reflecting increased procurement payments[17]. - The company reported a 47.23% decrease in tax payments to RMB 5,429,092.13, attributed to reduced profitability[17]. Market and Growth Outlook - User data showed an increase in active users by 15% compared to the previous quarter, reaching a total of 1.5 million active users[23]. - The company provided a positive outlook for the next quarter, projecting a revenue increase of 20% based on current market trends[24]. - New product launches are expected to contribute an additional 10% to revenue in the upcoming quarter, with two major products set to be released[25]. - The company is expanding its market presence in Southeast Asia, targeting a 30% market share by the end of 2021[26]. - Research and development investments increased by 40% in Q1 2020, focusing on innovative technologies and product enhancements[22]. Strategic Initiatives - The company is exploring potential acquisitions to enhance its technology portfolio, with a budget of $50 million allocated for this purpose[24]. - A new strategic partnership was announced, expected to drive a 15% increase in sales through collaborative marketing efforts[25]. - The company aims to improve operational efficiency, targeting a 10% reduction in costs by optimizing supply chain management[26]. Stock Price Stabilization Measures - The company plans to stabilize its stock price through secondary market buybacks, with the purchase price not exceeding the audited net asset value per share from the previous fiscal year[34]. - Company executives are required to use at least 20% of their after-tax salary from the previous fiscal year for stock purchases, with a maximum of 50% of their total salary for the year allocated for this purpose[36]. - The company will initiate a buyback of all newly issued shares if the prospectus is found to contain significant misstatements or omissions that materially affect the assessment of the company's compliance with legal issuance conditions[39]. - The company has committed to stabilizing its stock price and will take measures if the stock price falls below the net asset value per share[54]. Compliance and Commitments - The company has confirmed that there are no false records or misleading statements in its prospectus[42]. - The company will disclose the reasons and specific circumstances for any failure to fulfill public commitments in a timely manner[45]. - The company has made commitments regarding shareholding and will not transfer shares until relevant compensation measures are implemented[56].

Financial Performance - The company's operating revenue for 2019 was approximately ¥770.23 million, representing a 1.75% increase compared to ¥756.98 million in 2018[17]. - The net profit attributable to shareholders for 2019 was a loss of approximately ¥352.16 million, a significant decrease of 2,177.22% from a profit of ¥16.95 million in 2018[17]. - The net cash flow from operating activities was a negative ¥242.96 million, slightly worse than the negative ¥240.94 million in 2018, indicating ongoing cash flow challenges[17]. - The total assets at the end of 2019 were approximately ¥1.10 billion, a decrease of 32.29% from ¥1.63 billion at the end of 2018[17]. - The net assets attributable to shareholders decreased by 54.35% to approximately ¥305.76 million from ¥669.80 million in 2018[17]. - The basic and diluted earnings per share for 2019 were both negative ¥2.93, a decline of 2,192.86% from positive ¥0.14 in 2018[17]. - The weighted average return on equity was negative 72.91%, a drop of 75.48% compared to 2.57% in 2018[17]. - The company reported a net loss of ¥352.16 million for the year 2019, resulting in no cash dividends being distributed[130]. Revenue and Market Strategy - In 2019, the total operating revenue for the company was 769,225,996.92 CNY, with a significant increase in the fourth quarter to 298,878,197.72 CNY[22]. - The industrial segment accounted for 98.89% of total revenue, with revenue from this segment increasing by 5.18% to CNY 761.68 million[75]. - Domestic revenue reached CNY 635.56 million, representing 82.52% of total revenue, with a year-on-year increase of 10.17%[77]. - The company is actively pursuing market expansion and product innovation, aiming to enhance its presence in both domestic and international markets[28]. - The company is focusing on expanding its overseas front-mounted business, having secured agreements with manufacturers in Malaysia, Russia, and Pakistan[44][45]. - The company aims to expand its front-mounted market business, achieving significant growth in domestic front-mounted sales[113]. Research and Development - The company’s R&D expenses rose by 30.17% to CNY 79.91 million, primarily due to the capitalization of R&D expenditures[89]. - Investment in R&D increased by 30% in 2019, focusing on developing new technologies and enhancing existing product lines[138]. - The company aims to enhance its core technologies in image processing and artificial intelligence to support advanced driver assistance systems and autonomous driving[63]. - The company is actively pursuing new product development and technological advancements to enhance its competitive edge in the automotive electronics market[38]. Product Development and Innovation - The company has developed various products including intelligent driving solutions and smart cockpit systems, focusing on innovation and market demand[27]. - The company has developed several innovative automotive products, including a 360-degree surround view system and a smart electric tailgate, aimed at improving vehicle safety and user convenience[39]. - The company is focusing on smart cockpit, smart driving, and vehicle networking products, which are crucial components in the automotive informationization and intelligentization process[51]. - The company intends to develop new products, including in-car disinfection electronic products, in response to the global pandemic[117]. Strategic Partnerships and Collaborations - The company has established strategic partnerships with major internet companies like Tencent, Baidu, and Alibaba to advance the development of the connected vehicle industry[27]. - The company has established partnerships with multiple domestic and international automotive manufacturers, including Geely, GAC, and Nissan, to expand its front-mounted sales operations[43][44]. - The company has established partnerships with major domestic automakers, including Geely, SAIC-GM-Wuling, and GAC Toyota, significantly increasing its front-end sales[65]. Financial Management and Cost Control - The company has implemented an advanced automated manufacturing system, significantly enhancing production efficiency and quality control through various automated processes[37]. - The company has adopted an electronic bidding procurement system to control material costs effectively, combining online and offline cost analysis[35]. - The company will enhance its management level and implement cost control measures to improve profitability[115]. - The company has set a target to reduce operational costs by 15% over the next year through efficiency improvements[137]. Risks and Challenges - The company faces risks related to the development and application of intelligent driving and vehicle networking technologies, as well as potential impacts from the pandemic on operations[5]. - The ongoing COVID-19 pandemic continues to impact the global automotive supply chain, potentially affecting the company's operations[125]. - The company is facing risks related to the slow development of policies and regulations in the intelligent driving and connected vehicle sectors[120]. - The development in the new materials sector is still in a trial phase, posing risks of underperformance[123]. Stock and Shareholder Commitments - The company aims to stabilize its stock price through a series of measures, including potential share repurchases by major shareholders[146]. - The company will disclose any share repurchase plans in accordance with relevant regulations[143]. - The company has committed to ensuring that any share purchases by management will not exceed 20% of their after-tax salary received during their tenure[147]. - The company will ensure that any gains from unfulfilled commitments will be returned to the issuer within 5 days[161]. Accounting and Financial Reporting - The company reported a significant change in accounting policies, implementing new financial reporting formats as per the Ministry of Finance's notifications, affecting the presentation of receivables and payables[171]. - The company continues to comply with the revised accounting standards, ensuring accurate financial reporting and transparency[171]. - The adjustments in financial instruments did not require changes to prior financial statements, allowing for a smoother transition to the new standards[172]. - The company has confirmed that all commitments made to minority shareholders have been fulfilled on time[169].

Financial Performance - Net profit attributable to shareholders was CNY -24,811,554.22, a decline of 50.60% year-on-year[9]. - Operating revenue for the period was CNY 167,364,424.55, down 8.69% compared to the same period last year[9]. - Basic earnings per share were CNY -0.2068, reflecting a decrease of 50.60% year-on-year[9]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -42,001,142.43, a decrease of 140.61% year-on-year[9]. - The estimated net profit for 2019 is projected to be between -15,000,000 and -12,000,000 RMB, compared to a net profit of 1,695,340 RMB in 2018, indicating a significant decline due to a sluggish automotive market affecting sales revenue and gross margin[24]. - Net loss for Q3 2019 was CNY 26.01 million, compared to a net loss of CNY 17.53 million in Q3 2018, representing an increase in loss of 48.4%[46]. - The company's gross profit margin decreased to approximately -23.9% in Q3 2019 from -10.8% in Q3 2018[45]. - The total comprehensive loss for the year-to-date period was ¥72,198,066.95, compared to a loss of ¥28,728,060.78 in the previous year[54]. - The total profit (loss) for the current period is a loss of ¥87,331,084.55, compared to a loss of ¥24,205,334.82 in the previous period[57]. Assets and Liabilities - Total assets decreased by 10.12% to CNY 1,465,458,517.34 compared to the end of the previous year[9]. - Current assets totaled 1,025,816,108.44 RMB, a decrease from 1,229,706,642.74 RMB at the end of 2018, representing a decline of about 16.6%[35]. - The company reported a total liability of 877,698,341.54 RMB, down from 962,116,360.96 RMB, indicating a decrease of approximately 8.8%[37]. - The equity attributable to shareholders decreased to 588,957,974.37 RMB from 669,798,131.70 RMB, a decline of about 12.0%[38]. - Total liabilities decreased to CNY 881.10 million from CNY 961.87 million year-over-year, a reduction of 8.4%[42]. - The company reported a total asset value of 1,630,523,396.29 RMB, reflecting a slight decrease from 1,621,916,637.15 RMB year-over-year[69]. - The total liabilities amounted to 945,913,310.73 RMB, indicating stable management of financial obligations[70]. - The company’s total liabilities were CNY 961,870,948.46, with current liabilities amounting to CNY 946,383,931.23[77]. Cash Flow - The net cash flow from operating activities was CNY -17,957,532.56, a significant decline of 334.22%[9]. - Cash and cash equivalents decreased by 47.14% to ¥79,776,482.00 due to repayment of short-term loans[17]. - The net cash flow from operating activities is ¥42,269,605.58, a recovery from a negative cash flow of ¥120,738,315.01 in the previous period[61]. - Cash inflow from financing activities reached 452,840,188.81 RMB, with cash outflow totaling 567,560,627.43 RMB, leading to a net cash outflow of 114,720,438.62 RMB[66]. - The total cash and cash equivalents at the end of the period were 27,652,664.05 RMB, compared to 32,828,987.94 RMB at the end of the previous year[66]. Shareholder Information - The total number of shareholders at the end of the reporting period was 18,652[13]. - The largest shareholder, Guo Xiumei, holds 67.97% of the shares, with 48,750,000 shares pledged[13]. Research and Development - Research and development expenses increased by 34.36% to ¥37,975,572.17, reflecting increased investment in R&D[18]. - Research and development expenses for the year-to-date period increased to ¥37,975,572.17 from ¥28,265,045.58[51]. - Research and development expenses rose to ¥33,354,897.68, up 52.4% from ¥21,919,317.43 in the previous period[57]. Financial Adjustments - The company adjusted its accounts receivable impairment method from "incurred loss model" to "expected credit loss model" to better assess customer credit risk[72]. - The company is undergoing revenue structure and management adjustments in response to market conditions, although progress has not met expectations[24]. - The company is implementing new financial instrument standards effective from January 1, 2019, which may affect the classification and measurement of financial instruments[79].