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 ...

Financial Performance - The company's operating revenue for Q1 2020 was ¥115,487,483.97, 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, improving by 25.57% from a loss of ¥11,591,046.09 year-on-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 previous year[9]. - The basic earnings per share were -¥0.07, a decrease of 28.40% from -¥0.10 in the same period last year[9]. - Total assets at the end of the reporting period were ¥1,037,221,181.30, down 6.05% from ¥1,103,970,289.14 at the end of the previous year[9]. - The net assets attributable to shareholders decreased by 2.73% to ¥297,413,644.56 from ¥305,757,361.91 at the end of the previous year[9]. - The gross margin for Q1 2020 was reported at 40%, a slight improvement from 38% in the previous quarter[30]. - The estimated 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[57]. - The projected net profit for the first half of 2020 indicates a continued negative trend, reflecting ongoing financial challenges[57]. 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]. - The management team is committed to maintaining shareholder value through consistent dividend payouts, targeting a payout ratio of 30% of net profits[29]. - The company will automatically freeze 20% of the previous year's net profit attributable to shareholders in cash for stabilizing stock prices[43]. - If the company fails to fulfill commitments regarding stock price stabilization, it will immediately stop major asset purchases and capital operations until commitments are met[44]. - The company will publicly apologize to shareholders and investors if it fails to take the promised stock price stabilization measures[49]. Operational Changes - Operating costs decreased by 33.73% to RMB 95,902,224.36 as a result of lower sales volume[16]. - Sales expenses decreased by 51.58% to RMB 6,787,248.46 mainly due to reduced expenses during the pandemic[16]. - Financial expenses surged by 588.10% to RMB 6,785,417.13 primarily due to an increase in exchange losses[16]. - The company has set a target to reduce operational costs by 15% through efficiency improvements[24]. - The company aims to implement cost-cutting measures that could reduce operational expenses by 15% over the next year[35]. Investment and R&D - The company recognized non-recurring gains and losses totaling ¥7,390,645.41 during the reporting period[10]. - Investment income increased significantly to RMB 6,820,848.80 from a loss of RMB 367,738.33, attributed to the transfer of a 30% stake in Shenzhen Shengfenda Technology Co., Ltd.[16]. - Research and development expenses increased by 30% in Q1 2020, focusing on new technologies and product innovations[32]. - The company is investing in R&D, with a budget increase of 30% for new technology development[26]. Market Outlook - 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[25]. - The company expects revenue growth of 10% for the next quarter, driven by new product launches and market expansion strategies[31]. - 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 is considering strategic acquisitions to enhance its market position, with a focus on companies in the tech sector[22]. - Market expansion plans include entering two new international markets by the end of 2020[27]. Compliance and Commitments - The company will disclose the reasons and specific circumstances for any failure to fulfill commitments in a timely manner[44]. - The company will compensate investors for actual losses incurred due to any failure to fulfill commitments[46]. - The company has committed to measures to stabilize its stock price if it falls below the net asset value per share, including potential buybacks of shares sold in violation of commitments[52]. - The company has made commitments regarding the lock-up period for its shares, with specific measures in place for board members and senior management[55]. - The company has stated that its commitments will remain in effect regardless of changes in personnel[56]. Cash Flow and Assets - Cash received from tax refunds rose by 299.47% to RMB 4,500,261.47 mainly due to increased export tax rebates[17]. - Cash paid for purchasing goods and services increased by 204.73% to RMB 202,472,849.12 due to higher procurement payments[17]. - The company's cash and cash equivalents decreased to CNY 89.63 million from CNY 99.35 million at the end of 2019, reflecting a decline of approximately 8.6%[68]. - The company's total liabilities decreased to CNY 741.47 million from CNY 799.59 million, a reduction of about 7.3%[70]. - The company's total cash inflow from investment activities was 10,362,904.11 CNY, down from 98,175,752.29 CNY in the previous year[86]. - The total cash and cash equivalents at the end of the period reached 75,489,633.05 CNY, up from 10,875,434.79 CNY at the end of the previous period[90].

Financial Performance - The company's operating revenue for the first half of 2020 was ¥293,008,598, a decrease of 3.61% compared to ¥303,983,375 in the same period last year[18]. - The net profit attributable to shareholders was a loss of ¥33,652,846, an improvement of 23.45% from a loss of ¥43,960,558 in the previous year[18]. - The net cash flow from operating activities was ¥39,643,889, down 34.18% from ¥60,227,138 in the same period last year[18]. - Total assets at the end of the reporting period were ¥928,471,101, a decrease of 15.90% from ¥1,103,970,289 at the end of the previous year[18]. - The net assets attributable to shareholders decreased by 11.37% to ¥270,984,883 from ¥305,757,362 at the end of the previous year[18]. - The basic and diluted earnings per share were both -¥0.28, an improvement of 24.22% from -¥0.37 in the same period last year[18]. - The weighted average return on net assets was -11.65%, a decrease of 4.73% compared to -6.92% in the previous year[18]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the first half of 2020, representing a year-over-year growth of 25%[107]. - The net loss increased to CNY -97,542,873.62 from CNY -63,890,027.62, representing a worsening of approximately 52.61%[192]. Strategic Focus and Partnerships - The company focuses on automotive information technology, smart driving, and intelligent travel solutions, with key products including smart cockpits, intelligent driving systems, and vehicle networking products[26]. - The company has established strategic partnerships with major internet companies like Tencent, Baidu, and Alibaba to advance the development of vehicle networking and automotive intelligence[26]. - The company has formed partnerships with multiple domestic car manufacturers, including Geely, GAC, and Dongfeng Nissan, to support its front-end sales operations[42]. - The company has successfully collaborated with international manufacturers such as Proton in Malaysia and GM in Russia, expanding its overseas front-end sales[43][44]. - The company has established direct sales partnerships with major automotive 4S groups in the domestic aftermarket, enhancing its service capabilities through the LuChang After-Sales Technology Center and local service providers[41]. Product Development and Innovation - The company is actively developing advanced driving assistance systems and autonomous driving technologies, focusing on integrating artificial intelligence and image processing into its products[62]. - The company plans to expand its product offerings to include full LCD digital dashboards, 360-degree cameras, and advanced driver assistance systems, further solidifying its market presence[62]. - The company aims to enhance product innovation, quality improvement, and cost optimization while expanding both domestic and international markets[27]. - The company is developing a 1 million tons/year slag micro-powder production line, which is expected to produce high-quality cement and concrete additives, currently in trial production[32]. Market Trends and Opportunities - The rise of smart electronics and the recovery of domestic manufacturing are driving demand for intelligent vehicles, positioning the company favorably for future growth opportunities[51]. - The global automotive industry is undergoing a significant transformation towards smart vehicles, with new technologies such as electric and connected cars gaining momentum, presenting new opportunities for the company[54]. - The Chinese government has set a target for the connected vehicle industry, aiming for a user penetration rate of over 30% by 2020, which supports the company's growth strategy[45]. Financial Management and Cost Control - The company has reduced accounts receivable by 64 million yuan and inventory by 105.41 million yuan, indicating effective cash flow management and inventory reduction strategies[59]. - The company reported a cash flow from operating activities of CNY 39.64 million, a decrease of 34.18% compared to the previous year[71]. - Sales expenses decreased by 38.20% to CNY 20.67 million, primarily due to the impact of the pandemic[70]. - The company has implemented a comprehensive information management system, significantly improving production efficiency[65]. Risk Management - The company faces risks related to the development and application of intelligent driving and vehicle networking technologies, as well as the impact of the pandemic on operations[6]. - The company faces risks related to the lagging development of policies and regulations in the intelligent driving and connected vehicle sectors[91]. Shareholder and Governance Matters - The company plans not to distribute cash dividends or issue bonus shares for this period[6]. - The company has fulfilled all commitments made by its actual controllers and shareholders during the reporting period[101]. - The company has a three-year lock-up period for shares held by certain shareholders, which began on October 12, 2016[105]. - The company will disclose the reasons and specific circumstances regarding any failure to fulfill public commitments in a timely manner[125]. Corporate Social Responsibility - The company has maintained its commitment to social responsibility, focusing on technological innovation and market demand[160]. - There were no significant environmental issues reported, and the company is not listed as a key pollutant by environmental authorities[160].

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].

Financial Performance - The company's operating revenue for the first half of 2019 was ¥303,983,374.65, a decrease of 21.21% compared to ¥385,837,444.20 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was -¥43,960,558.21, representing a decline of 316.82% from -¥10,546,608.50 in the previous year[19]. - The basic and diluted earnings per share were both -¥0.37, a decrease of 311.11% compared to -¥0.09 in the same period last year[19]. - The weighted average return on net assets was -6.92%, a decline of 5.30% from -1.62% in the previous year[19]. - The overall gross profit margin has decreased due to high production costs and a reduction in the volume of high-margin products, resulting in a decline of RMB 42.41 million compared to the previous year[67]. - The company reported a net profit forecast for the first nine months of 2019 to be between -60 million to -70 million RMB, compared to a net profit of -27.02 million RMB in the same period of 2018[95]. - The expected net profit for the third quarter of 2019 is projected to be between -16.04 million to -26.04 million RMB, reflecting a decline in sales revenue and gross margin due to a downturn in the automotive market[96]. Cash Flow and Assets - The net cash flow from operating activities was ¥60,227,138.14, an increase of 146.90% compared to -¥128,405,358.93 in the same period last year[19]. - The total assets at the end of the reporting period were ¥1,448,152,015.40, down 11.18% from ¥1,630,523,396.29 at the end of the previous year[19]. - The company's cash and cash equivalents decreased by 92.36% to a net cash decrease of ¥12,563,006.96, indicating liquidity challenges[70]. - The company's total assets amounted to RMB 1,448.15 million, and the net assets attributable to shareholders were RMB 613.69 million as of June 30, 2019[67]. - The company's current assets decreased to CNY 1,008,187,391.72 from CNY 1,229,706,642.74, reflecting a reduction of about 18.0%[192]. - Cash and cash equivalents dropped significantly from CNY 150,931,639.62 to CNY 96,517,694.26, a decrease of approximately 36.0%[191]. - The company's equity attributable to shareholders decreased from CNY 669,798,131.70 to CNY 613,693,625.35, a decline of about 8.4%[194]. Market and Strategic Developments - The company focuses on the development, production, sales, and service of automotive information technology, smart driving, and intelligent travel products, including smart cockpits and vehicle networking products[27]. - The company has established strategic partnerships with major internet companies like Tencent, Baidu, and Alibaba to advance the development of vehicle networking and automotive intelligence[28]. - The company is expanding its market presence in both the original equipment manufacturer (OEM) and aftermarket segments through innovative operational models and product integration[28]. - The company has formed partnerships with major domestic automotive manufacturers, including Geely and GAC, to supply products for new vehicle models[43]. - The overseas market is shifting towards OEM operations, with successful collaborations established with manufacturers in Malaysia, Russia, and Pakistan[44]. - The company aims to leverage the expanding market for intelligent driving and autonomous vehicles, which are anticipated to become key growth areas in the automotive industry[46]. Risks and Challenges - The company faces risks related to the lagging policies and regulations in the intelligent driving and autonomous driving industries[6]. - The company has significant risks associated with large accounts receivable and inventory amounts affecting its operations[6]. - The company is actively expanding its OEM business but faces risks due to intense competition and high capital investment requirements, which may lead to underperformance in this segment[99]. - The development of new materials is still in the exploratory phase, with risks associated with insufficient market forecasting and underperformance in revenue generation[100]. - The company has identified risks related to the slower-than-expected progress in the development and commercialization of intelligent and autonomous driving technologies[98]. Research and Development - Research and development expenses increased by 61.71% to ¥24,361,693.68, reflecting a significant investment in innovation[69]. - The company is actively developing advanced driving assistance systems and autonomous driving technologies, focusing on image processing and artificial intelligence[56]. - The company has developed a driverless solution for sightseeing vehicles, equipped with high-precision positioning and visual systems, capable of line-following and emergency braking functions[30]. - The company has signed a development contract for AEB (Automatic Emergency Braking) and AP (Automatic Parking) products with a new energy vehicle manufacturer, utilizing self-developed laser radar and intelligent camera technology[30]. Corporate Governance and Compliance - The company has made commitments to shareholders regarding stock reduction and price stabilization measures[141]. - The company will not engage in major asset purchases or capital operations until it fulfills its commitments[129]. - The company will publicly explain the reasons for any failure to fulfill commitments and apologize to shareholders and the public[135]. - The company emphasizes compliance with relevant laws and regulations regarding share repurchase and stabilization measures[119]. - The company has no false records or misleading statements in its prospectus and summary[126]. Shareholder Information - Major shareholder Guo Xiumei holds 67.97% of the shares, totaling 81,569,790 shares, with 48,750,000 shares pledged[176]. - The total number of ordinary shareholders at the end of the reporting period was 19,773[176]. - The company will disclose any plans for increasing shareholdings within three trading days after approval from relevant authorities[116].

Financial Performance - The company's operating revenue for 2018 was approximately ¥756.98 million, a decrease of 2.19% compared to ¥773.94 million in 2017[18]. - The net profit attributable to shareholders for 2018 was approximately ¥16.95 million, down 30.89% from ¥24.53 million in 2017[18]. - The net cash flow from operating activities was negative at approximately ¥240.94 million, worsening by 51.43% from a negative ¥159.11 million in 2017[18]. - The basic earnings per share for 2018 was ¥0.14, a decrease of 30.00% compared to ¥0.20 in 2017[18]. - The total assets at the end of 2018 were approximately ¥1.63 billion, an increase of 0.62% from ¥1.62 billion at the end of 2017[18]. - The net assets attributable to shareholders at the end of 2018 were approximately ¥669.80 million, an increase of 1.82% from ¥657.85 million at the end of 2017[19]. - The company reported a significant decline in net profit after deducting non-recurring gains and losses, with a net loss of approximately ¥181.66 million in 2018[18]. - The weighted average return on net assets for 2018 was 2.57%, down from 3.80% in 2017[18]. - The company's gross profit decreased by CNY 10.59 million year-on-year, primarily due to high costs in the early stage of the front-loading business[71]. - The company’s overall gross margin fell to 13.35%, down from the previous year, with the automotive navigation products segment gross margin at 12.16%[77]. Revenue Breakdown - Total revenue for the year was approximately CNY 756 million, with a quarterly breakdown of CNY 207 million in Q1, CNY 178 million in Q2, CNY 183 million in Q3, and CNY 188 million in Q4[23]. - Revenue from the automotive navigation products segment was CNY 485.45 million, down 19.62% from CNY 603.94 million in 2017, while revenue from automotive peripheral products increased by 53.29% to CNY 238.72 million[74]. - Domestic revenue accounted for 76.21% of total revenue, slightly up from 74.49% in 2017, while international revenue decreased by 8.79% to CNY 180.08 million[75]. Cash Flow and Investments - The net cash flow from operating activities was -¥240,941,136.85, a 51.43% decline compared to -¥159,112,150.03 in the previous year[93]. - The net cash flow from investment activities increased by 392.46% to ¥108,235,806.59, primarily due to the disposal of equity in Zhengzhou Luchang Electronics[94]. - The net cash flow from financing activities decreased by 128.04% to -¥70,434,686.45, attributed to increased bank loan repayments and higher deposits for bank acceptance bills[94]. - The company's total revenue from operating activities was ¥690,597,084.78, reflecting a 6.01% increase from ¥651,475,939.87 in 2017[93]. - The capitalized R&D investment reached ¥29,530,155.98, a significant increase of 163.88% from ¥11,190,816.19 in 2017[91]. Research and Development - The company completed multiple R&D projects, including a low-speed autonomous driving system and a new generation software platform for in-vehicle entertainment[89]. - The company's R&D investment amounted to ¥74,464,223.39 in 2018, representing a 5.93% increase from ¥70,295,998.49 in 2017[91]. - The number of R&D personnel decreased by 26.93% to 255 in 2018, while the proportion of R&D personnel remained stable at 25.89%[91]. - The company is focusing on enhancing R&D for front-mounted products in response to market demands, increasing the capitalized R&D investment significantly[91]. Strategic Partnerships and Market Expansion - The company has established strategic partnerships with major internet companies like Tencent, Baidu, and Alibaba to advance the development of vehicle networking and automotive intelligence[29]. - The company is focusing on expanding its presence in both domestic and international markets for its smart driving and vehicle networking products[29]. - The company aims to enhance its product offerings and market presence through ongoing R&D and strategic partnerships[89]. - The company is actively exploring new retail models that integrate online and offline sales channels to enhance customer engagement and conversion rates[43]. Risks and Challenges - The company faces risks related to the development and application of intelligent driving technologies, as well as potential delays in business performance[5]. - There is a risk that the development and application of smart driving and autonomous driving technologies may not meet expectations due to high technical barriers and long industrialization processes[127]. - The company is expanding its front-end business but faces intense competition, which may lead to performance outcomes below expectations[128]. - In the new materials sector, the company is in exploratory stages, with potential risks related to market predictions and performance[129]. Shareholder Commitments and Stock Management - The company has committed to fulfilling its promises regarding shareholding and stock management[140]. - The company will ensure that any actions taken to stabilize stock prices will adhere to specific financial thresholds related to cash dividends received[152]. - The company will publicly disclose the reasons for any unfulfilled commitments and apologize to shareholders and the public[167]. - The company has committed to repurchasing shares and compensating investors for losses if there are false records or misleading statements in the prospectus[164]. Asset Management and Equity Transfers - The company completed the transfer of 100% equity in Zhengzhou Luchang Electronic Technology Co., Ltd. to Longcheng Group for a valuation of 415.4473 million yuan, with 30% of the payment due by December 31, 2018[182]. - The company reported a change in accounting policy, merging "accounts receivable" and "notes receivable" into "receivables" with a current amount of 408.9535 million yuan[179]. - The company has no significant penalties or rectifications during the reporting period[187]. - The company has not engaged in non-operating fund occupation by controlling shareholders or related parties during the reporting period[178].

Financial Performance - The company's revenue for Q1 2019 was ¥163,705,583.98, a decrease of 21.03% compared to ¥207,307,824.61 in the same period last year[9]. - The net profit attributable to shareholders was a loss of ¥11,591,046.09, representing a decline of 251.78% from a profit of ¥7,636,954.73 in the previous year[9]. - The company's basic and diluted earnings per share were both -¥0.10, a decrease of 266.67% compared to ¥0.06 in the same period last year[9]. - The weighted average return on equity was -1.77%, down 2.92% from 1.15% in the previous year[9]. - The company reported a net profit of 20 million RMB for Q1 2019, representing a year-on-year increase of 15%[32]. - The company reported a net profit of 10 million RMB in Q1 2019, representing a 15% increase year-over-year[53]. - The estimated net profit for the first half of 2019 is projected to be between -26 million to -18 million RMB, compared to a net profit of -10.55 million RMB in the same period of 2018, indicating a decline due to a sluggish automotive market[60]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥68,521,263.69, a significant improvement from a negative cash flow of ¥148,543,925.11 in the same period last year[9]. - Cash received from sales of goods and services increased by 58.78% to 178,027,455.42 RMB, mainly due to an increase in cash sales[19]. - Cash paid for purchasing goods and services decreased by 63.18% to 66,442,549.25 RMB, primarily due to an increase in bank acceptance payment methods[19]. - Cash flow from investment activities saw a 100% decrease in cash received from investment recovery, indicating no investment recovery during the period[19]. - The ending balance of cash and cash equivalents decreased to ¥14,702,260.79 from ¥103,622,354.83 in the previous period, indicating liquidity challenges[90]. - The company's cash and cash equivalents decreased to approximately 121.75 million RMB from 150.93 million RMB, a decline of about 19.4%[70]. - The total cash and cash equivalents at the end of Q1 2019 stood at ¥10,875,434.79, down from ¥90,055,796.32 at the end of Q1 2018[94]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,508,586,623.77, down 7.48% from ¥1,630,523,396.29 at the end of the previous year[9]. - Total liabilities decreased to approximately 861.68 million RMB from 962.12 million RMB, a decline of about 10.4%[72]. - The company's total assets as of March 31, 2019, were approximately 1.51 billion RMB, down from approximately 1.63 billion RMB, reflecting a decrease of about 7.5%[73]. - The total equity of the company decreased to CNY 677.38 million from CNY 695.58 million, a decline of 2.6%[78]. - The company's total assets decreased to CNY 1.56 billion from CNY 1.66 billion, a reduction of approximately 6.1%[78]. Shareholder and Market Activities - The company has signed a framework contract with China Mobile IoT Co., Ltd. for the "HeYunJing CM21 terminal" project, with a total contract value of 126 million RMB, of which 70% has been selected[21]. - The company has initiated a stock buyback program, with a budget of 50 million RMB to stabilize share prices[38]. - The board of directors has approved a dividend payout of 5 million RMB, reflecting a commitment to returning value to shareholders[39]. - The company will automatically freeze 20% of the net profit attributable to shareholders from the previous year in monetary funds to fulfill its commitment to stabilize the stock price[45]. - The company will stop formulating or implementing cash dividend plans until it fulfills its commitments[49]. Strategic Initiatives and Future Outlook - The company plans to continue its market expansion and product development strategies, although specific new products or technologies were not detailed in the report[21]. - The company is expanding its market presence in Southeast Asia, targeting a 30% increase in market share by the end of 2019[29]. - Research and development investments increased by 18%, focusing on innovative technologies and product enhancements[30]. - The company is exploring potential mergers and acquisitions to enhance its competitive position in the market[25]. - The management emphasized the importance of maintaining compliance with regulatory requirements in all operational regions[28]. - The company expects revenue growth of 10% for the full year 2019, driven by new product launches and market expansion strategies[34]. Research and Development - Research and development expenses increased by 30% year-on-year, focusing on new technologies in the automotive sector[35]. - Research and development expenses increased to CNY 9.11 million, up 28.2% from CNY 7.11 million in the previous year[79]. - Research and development expenses increased to ¥7,662,404.85, up 48.7% from ¥5,148,693.78 in the previous period, highlighting a focus on innovation[84]. Compliance and Governance - The company reported no non-compliance with external guarantees during the reporting period[63]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[64]. - The company will disclose the reasons and specific circumstances for any failure to fulfill public commitments in a timely manner[46]. - The company will compensate investors for actual losses caused by any failure to fulfill commitments[50].

深圳市路畅科技股份有限公司 2018 年第三季度报告正文 证券代码：002813 证券简称：路畅科技 公告编号：2018-057 深圳市路畅科技股份有限公司 2018 年第三季度报告正文 1 深圳市路畅科技股份有限公司 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。 公司负责人郭秀梅、主管会计工作负责人蒋福财及会计机构负责人(会计主 管人员)张鹏声明：保证季度报告中财务报表的真实、准确、完整。 2 单位：元 | 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） | 323,277.17 | | | 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 一标准定额或定量享受的政府补助除外） | 8,077,257.92 | | | 除上述各项之外的其他营业外收入和支出 | 785,356.56 | | | 其他符合非经 ...