北京东方中科集成科技股份有限公司 2021 年第三季度报告 1 证券代码：002819 证券简称：东方中科 公告编号：2021-099 北京东方中科集成科技股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不 存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报 告中财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | --- | --- | --- | --- | --- | |------------------------------------------------------|------------------|-------------------------|---------------- ...

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 647,647,496.91, representing a 41.41% increase compared to CNY 458,001,017.96 in the same period last year[26]. - The net profit attributable to shareholders of the listed company was CNY 23,207,583.67, up 44.84% from CNY 16,023,135.99 year-on-year[26]. - The net profit after deducting non-recurring gains and losses was CNY 21,886,509.48, an increase of 46.03% compared to CNY 14,987,827.61 in the previous year[26]. - The basic earnings per share increased to CNY 0.1455, a rise of 42.23% from CNY 0.1023 in the same period last year[26]. - The total assets at the end of the reporting period were CNY 1,105,357,377.03, reflecting a 3.64% increase from CNY 1,066,541,854.58 at the end of the previous year[26]. - The net assets attributable to shareholders of the listed company were CNY 569,521,584.23, up 3.72% from CNY 549,115,674.83 at the end of the previous year[26]. - The net cash flow from operating activities was negative CNY 63,774,792.31, a significant decrease of 983.46% compared to a positive CNY 7,218,735.42 in the same period last year[26]. - The weighted average return on net assets was 4.10%, an increase of 0.78% from 3.32% in the previous year[26]. Revenue Breakdown - Instrument sales revenue grew by 50.01% compared to the same period last year, contributing significantly to overall revenue growth[63]. - The leasing business saw a revenue decline of 16.95%, primarily due to a slowdown in the 5G industry and chip supply shortages affecting client demand[63]. - The factoring business revenue increased by 14.03%, indicating stable growth and improved asset scale after four years of development[63]. - The bidding business experienced a revenue increase of 48.31%, attributed to the recovery of the market post-pandemic[63]. Investment and R&D - Research and development investment rose by 48.87% to CNY 19,149,393.75, reflecting the company's commitment to enhancing its technological capabilities[63]. - The company invested ¥60,000,000.00 during the reporting period, a significant increase of 122.22% compared to ¥27,000,000.00 in the same period last year[80]. Business Model and Strategy - The company operates a comprehensive service model in the electronic testing and measurement field, focusing on instrument sales, leasing, system integration, and financial services, which enhances its competitive edge[36]. - The company has expanded its factoring and bidding business through investments and acquisitions, improving its overall service model in the supply chain finance and equipment procurement sectors[37]. - The company emphasizes a multi-brand and multi-product operating model, which allows it to provide a wide range of instruments and services tailored to customer requirements[41]. - The company’s rental business focuses on operational leasing, allowing clients to meet flexible needs while minimizing financial risks associated with equipment procurement[43]. Market Presence - The company has established strategic partnerships with nearly 20 instrument brands, offering over 3,000 models to meet diverse customer needs across various industries[38]. - The company has a nationwide marketing network with branches in over 30 major cities, ensuring localized service support and rapid response to customer demands[39]. - The company has built a professional technical support team and a nationwide marketing service network, establishing long-term partnerships with major industry clients[47]. Risk Factors - The company faces risks from macroeconomic changes that may lead to decreased customer demand, particularly in industries such as electronics manufacturing and aerospace, which could negatively impact profitability[90]. - Supply chain risks have emerged due to US-China trade tensions, prompting the company to increase its self-operated leasing business and diversify its product offerings by expanding into non-US and domestic instrument brands[91]. - The company has increased its investment in self-operated leasing assets, which may face risks of impairment due to technological obsolescence and demand fluctuations in the telecommunications and electronics manufacturing sectors[92]. Shareholder Information - The company did not distribute cash dividends or issue bonus shares for the half-year period, indicating a focus on reinvestment[97]. - The total number of shares increased to 159,713,156 after the issuance of 250,000 new shares[149]. - The largest shareholder, Oriental Keyi Holdings Group Co., Ltd., holds 30.33% of the shares, totaling 48,440,410 shares[160]. Compliance and Governance - The company has not faced any significant environmental penalties or issues during the reporting period, indicating compliance with environmental regulations[104]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[108]. - The half-year financial report has not been audited, which may affect the perception of financial transparency[110].

Revenue and Profitability - Revenue for Q1 2021 reached ¥274,592,338.77, an increase of 30.46% compared to ¥210,478,418.69 in the same period last year[8] - Net profit attributable to shareholders was ¥7,565,354.59, up 26.13% from ¥5,998,155.25 year-over-year[8] - Basic earnings per share increased by 24.41% to ¥0.0474 from ¥0.0381 in the previous year[8] - The company reported a net profit of CNY 5,405,371.34, which is an increase from CNY 3,003,157.65, representing a growth of about 80%[74] - The company's total comprehensive income amounted to CNY 9,422,130.23, an increase from CNY 7,736,388.40 in the previous period, representing a growth of approximately 22%[70] Cash Flow and Financial Position - The net cash flow from operating activities was negative at -¥65,679,600.58, a decline of 216.84% compared to -¥20,729,630.89 in the same period last year[8] - The company’s cash flow from operating activities saw a 72.99% increase, reaching 43,639,610.47, driven by an increase in bid-related cash deposits[22] - The total cash inflow from operating activities was CNY 625,560,621.21, compared to CNY 571,082,568.35 in the previous period, showing an increase of approximately 9.5%[82] - The cash flow from financing activities resulted in a net outflow of -20,437,413.89 CNY, compared to -3,524,431.92 CNY in the previous period, indicating increased financing costs[88] - The company reported a net cash flow from investment activities of 26,919,505.99 CNY[88] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,076,395,313.00, reflecting a 0.92% increase from ¥1,066,541,854.58 at the end of the previous year[8] - Total liabilities decreased slightly to CNY 473,406,718.41 from CNY 475,564,874.54, a reduction of about 0.5%[49] - The company’s total liabilities decreased significantly, with accounts payable to employees dropping by 40.78% to 9,506,918.33[22] - The total current assets amounted to CNY 1,014,440,563.25, a slight increase from CNY 1,003,929,435.09 at the end of 2020, representing a growth of approximately 1.5%[43] - The total non-current assets amounted to CNY 61,954,749.75, slightly down from CNY 62,612,419.49, indicating a decrease of approximately 1.0%[46] Expenses and Investments - Research and development expenses increased by 54.33% to 10,014,601.37 from 6,489,065.71 in the same period last year[22] - The company’s financial expenses surged by 349.44% to 647,613.57, primarily due to increased foreign exchange losses[22] - The cash outflow for purchasing fixed assets increased by 290.08% to 5,494,096.47, reflecting an increase in leased fixed asset acquisitions[24] - The company incurred 20,000,000.00 CNY in debt repayment during the financing activities, compared to 10,000,000.00 CNY in the previous period[88] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,130[13] - Net assets attributable to shareholders increased by 1.85% to ¥559,270,513.74 from ¥549,115,674.83 at the end of the previous year[8] - The total equity attributable to shareholders increased to CNY 559,270,513.74 from CNY 549,115,674.83, representing a growth of approximately 1.9%[52] Government Support and Other Income - The company received government subsidies amounting to ¥625,000.00 during the reporting period[8] - The company reported a significant increase in other income, which rose by 4861.28% to 729,136.46, primarily due to increased government subsidies[22] - The company reported a non-operating income of ¥1,153,908.75 after tax adjustments[8]

Financial Performance - The company reported a total revenue of 159,463,156, with a cash dividend distribution of 0.6 yuan per 10 shares (including tax) for all shareholders[7]. - The company's operating revenue for 2020 was ¥1,129,966,213.42, representing a 9.73% increase compared to ¥1,029,812,066.93 in 2019[23]. - The net profit attributable to shareholders for 2020 was ¥55,044,402.33, a decrease of 1.90% from ¥56,112,519.16 in 2019[23]. - The company achieved total revenue of ¥1,129,966,213.42 in 2020, representing a year-on-year growth of 9.73%[70]. - The net profit attributable to shareholders was ¥55,044,402.33, a decrease of 1.90% compared to the previous year[70]. - Instrument sales revenue grew by 6.82% year-on-year, totaling ¥903,170,215.26[70]. - The instrument leasing business saw a significant increase in revenue, growing by 41.72% year-on-year to ¥69,199,789.85[70]. - The system integration segment experienced a revenue increase of 73.57%, reaching ¥41,950,003.47[70]. - The commercial factoring business revenue rose by 33.44% year-on-year[70]. - The bidding agency business revenue decreased by 9.11% due to the impact of the pandemic[70]. Governance and Compliance - The board of directors confirmed that all financial reports are true, accurate, and complete, ensuring accountability for any misleading statements or omissions[6]. - The company has established a robust governance structure, with all board members present for the report's approval[7]. - The company has appointed Zhihong Accounting Firm as its auditor, ensuring compliance with financial regulations[22]. - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period, indicating strong financial governance[167]. - The company has publicly stated that it will compensate investors for any losses incurred due to non-fulfillment of commitments, reinforcing its accountability[161]. Market Strategy and Development - The company is focused on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[6]. - The company is focusing on high-tech industries such as 5G, new energy vehicles, and advanced intelligent manufacturing for product research and development[39]. - The company aims to solidify its core business in instrument sales, which is its main source of revenue and cash flow, as part of its three-year strategic development plan from 2019 to 2021[121]. - The company plans to enhance operational efficiency and profitability through lean management and by increasing the proportion of value-added services such as instrument leasing and system integration[121]. - The company has established a professional merger and acquisition team to strengthen its external acquisition efforts, aiming to enhance sustainable development capabilities[122]. Risk Management - The company emphasizes the importance of risk awareness among investors regarding future plans and performance forecasts[7]. - The company aims to improve its comprehensive service capabilities and increase investment in instrument leasing and system integration to mitigate risks from declining customer demand[125]. - The company is expanding its self-operated leasing business to reduce reliance on instrument procurement due to supply chain risks from US-China trade tensions[125]. Research and Development - The company has increased its investment in research and development to meet complex testing application demands, which has positively impacted revenue and profitability[39]. - The company has developed 10 testing application solutions for the rapidly growing new energy vehicle industry, with some already commercialized[83]. - The company has developed 78 software copyrights for various testing application systems, including those for new energy vehicles and electromagnetic compatibility testing[49]. Financial Position - The company reported a total asset value of ¥1,066,541,854.58 at the end of 2020, which is a 4.15% increase from ¥1,024,091,293.70 at the end of 2019[23]. - The company's cash and cash equivalents at the end of the period were CNY 172,976,373.65, accounting for 16.22% of total assets[90]. - The proportion of accounts receivable increased by 1.63% to 15.07% of total assets, totaling CNY 160,708,671.39[90]. - The total amount of raised funds in 2016 was CNY 10,367.64 million, with CNY 949.95 million used in the current period and CNY 7,877.35 million used cumulatively[103]. Shareholder Relations - The company distributed cash dividends of RMB 9,567,789.36, which is 17.38% of the net profit attributable to ordinary shareholders for the year 2020[129]. - The company has committed to a profit distribution policy that ensures cash dividends will constitute at least 80% of the profit distribution during its mature development phase[133]. - The company has a long-term commitment to repurchase all newly issued shares at the issuance price plus interest if there are any false records or misleading statements in the prospectus[151]. Operational Efficiency - The company utilizes advanced IT systems, including ERP and CRM, to manage logistics, cash flow, and information flow, improving management efficiency[40]. - The company has enhanced its internal control management system to ensure healthy development[67]. - The company will utilize the OBS (Oriental Zhongke Business Management System) to improve overall operational and management efficiency[122]. Legal and Regulatory Matters - The company has not faced any major litigation or arbitration matters during the reporting period[197]. - There were no penalties or rectification situations reported during the period[198]. - The company has not undergone any bankruptcy reorganization during the reporting period[196].

Financial Performance - Operating revenue for the reporting period was CNY 308,151,472.91, an increase of 11.33% year-on-year[8] - Net profit attributable to shareholders was CNY 20,404,129.19, a decrease of 6.43% compared to the same period last year[8] - Basic earnings per share were CNY 0.1302, down 5.99% from the previous year[8] - The weighted average return on equity was 3.92%, a decrease of 5.31% compared to the previous year[8] - Total operating revenue for the third quarter reached ¥308,151,472.91, an increase of 11.5% compared to ¥276,800,394.61 in the previous year[60] - Net profit for the period was ¥24,482,469.67, a decrease of 10.4% from ¥27,289,796.83 in the same quarter last year[65] - The company's operating revenue for the current period reached ¥255,876,576.47, an increase of 30.6% compared to ¥195,951,851.14 in the previous period[70] - The net profit for the current period was ¥8,684,290.60, compared to ¥8,368,716.10 in the previous period, indicating an increase of 3.8%[74] - The net profit for the current period was ¥49,432,284.64, up 35.4% from ¥36,473,351.23 in the previous period[89] Cash Flow - Net cash flow from operating activities reached CNY 78,487,053.74, a significant increase of 2,051.62% year-on-year[8] - Cash flow from operating activities decreased by 43.96% to ¥168,383,589.66, mainly due to a reduction in bid guarantee deposits received[21] - The cash inflow from operating activities totaled ¥2,004,215,077.33, down 6.3% from ¥2,138,669,957.26 in the previous period[92] - The cash outflow from operating activities was ¥1,915,194,485.55, a decrease of 10.6% compared to ¥2,142,314,972.89 in the previous period[92] - The net cash flow from operating activities was -760,254.78, compared to -20,386,147.32 in the previous period[99] - Cash inflow from operating activities totaled 702,876,462.40, an increase from 681,880,764.52 year-over-year[99] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,016,029,064.86, a decrease of 0.79% compared to the end of the previous year[8] - The company's total assets increased to ¥749,699,429.72, compared to ¥667,792,002.48, representing a growth of 12.3%[59] - The company's total liabilities were 454,628,291.64 yuan, compared to 449,601,973.11 yuan at the end of 2019, indicating a slight increase[49] - Total liabilities rose to ¥204,840,567.95, up from ¥172,764,366.81, indicating an increase of 18.6%[59] - Current liabilities totaled ¥437,101,973.11, including short-term borrowings of ¥39,401,614.77 and accounts payable of ¥75,252,124.02[109] Shareholder Information - The top shareholder, Dongfang Keyi Holdings Group Co., Ltd., holds 30.37% of the shares[13] - The company did not engage in any repurchase transactions during the reporting period[17] - The equity attributable to shareholders of the parent company was 523,901,758.46 yuan, down from 526,647,215.79 yuan year-over-year[52] Expenses - Management expenses increased by 24.66% to ¥47,200,046.32, primarily due to share-based payment expenses[21] - Research and development expenses for the quarter were ¥5,944,738.73, slightly up from ¥5,284,302.84, indicating a year-over-year increase of 12.5%[62] - The company reported a financial expense of -¥2,212,872.15, compared to -¥622,957.78 in the previous period, indicating a significant increase in financial costs[70] - The company's tax expenses increased to -¥1,535,671.66 from -¥1,178,395.84, representing a rise of 30.4%[74] Investment Activities - The company plans to conduct a major asset restructuring by acquiring shares of Beijing Wanlihong Technology Co., Ltd. through a share issuance[25] - The company reported a significant increase in cash received from investment activities, totaling ¥22,945,745.00, due to restricted stock incentive payments[24] - The company reported an investment income of ¥29,549,060.48, which increased from ¥18,690,157.66 in the previous period, marking a growth of 58.5%[86] Other Financial Metrics - The company reported non-operating income of CNY 1,613,792.86, which includes government subsidies and other income[8] - There were no significant changes in the company's non-recurring gains and losses classification during the reporting period[11] - The company has no significant non-operating fund occupation by controlling shareholders or related parties during the reporting period[37] - There were no major contracts or significant risks related to entrusted financial management reported during the period[38]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 458,001,017.96, a decrease of 0.15% compared to CNY 458,674,265.22 in the same period last year[23]. - The net profit attributable to shareholders for the first half of 2020 was CNY 16,023,135.99, down 9.91% from CNY 17,785,067.16 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was CNY 14,987,827.61, a decline of 13.62% compared to CNY 17,351,437.65 in the same period last year[23]. - Basic earnings per share decreased by 26.88% to CNY 0.1023 from CNY 0.1399 in the same period last year[23]. - The company maintained a stable business model despite the impact of the COVID-19 pandemic and U.S.-China trade disputes[55]. - The net profit of Dongke (Shanghai) Commercial Factoring Co., Ltd. increased by 47.81% year-on-year, reaching 4,114,165.78 yuan, primarily due to the growth in factoring business scale[97]. - The net profit of Oriental International Tendering Co., Ltd. decreased by 37.62% year-on-year, amounting to 4,553,288.12 yuan, mainly due to project delays caused by the pandemic[97]. - The net profit for the current period is $19,459,757, a decrease of 6.25% from $20,755,953 in the previous period[199]. - The operating profit is reported at $24,350,603, down from $26,237,683, reflecting a decline of 7.18%[199]. - The total profit amounts to $24,325,331, a decrease of 3.47% compared to $26,235,439 in the prior period[199]. - The income tax expense for the current period is $4,865,574.65, a decrease of 11.19% from $5,479,486.61[199]. Cash Flow and Assets - The net cash flow from operating activities improved significantly to CNY 7,218,735.42, compared to a negative cash flow of CNY -7,307,873.45 in the previous year, representing a 196.62% increase[23]. - Cash and cash equivalents at the end of the reporting period amounted to CNY 209,547,337.28, representing 20.96% of total assets, an increase of 7.11% year-on-year[67]. - The company's trading financial assets decreased by 61.26% to CNY 7,006,250.45 due to the maturity of bank structured deposits[49]. - Prepaid accounts increased by 42.28% to CNY 45,916,485.03, primarily due to an increase in prepayments for integration business[49]. - The company's total assets as of June 30, 2020, amounted to RMB 999,643,551.80, a decrease from RMB 1,024,091,293.70 at the end of 2019, reflecting a decline of approximately 2.4%[177][180]. - Current assets totaled RMB 944,064,662.51, down from RMB 963,035,995.15, indicating a decrease of about 1.9%[180]. - Total liabilities were RMB 418,294,474.21, down from RMB 449,601,973.11, reflecting a decrease of approximately 7%[183]. - Short-term borrowings decreased to RMB 31,219,662.83 from RMB 39,401,614.77, a reduction of about 20.8%[182]. Revenue Breakdown - Instrument sales revenue decreased by 3.93% year-on-year, totaling CNY 374,816,454.02, accounting for 81.84% of total revenue[58]. - Instrument leasing revenue grew by 42.81% year-on-year, reaching CNY 33,475,862.74, representing 7.31% of total revenue[58]. - System integration revenue increased by 57.17% year-on-year, amounting to CNY 15,052,043.31, which is 3.29% of total revenue[58]. - Factoring business revenue rose by 34.55% year-on-year, totaling CNY 22,082,312.44, making up 4.82% of total revenue[58]. - Tender business revenue decreased by 34.19% year-on-year, amounting to CNY 12,574,345.45, which is 2.75% of total revenue[58]. Investments and R&D - The company has invested in R&D to support high-tech industries such as 5G and new energy vehicles, improving revenue and profitability[35]. - Research and development investment decreased by 12.92% year-on-year, amounting to CNY 12,862,841.31[58]. - The company plans to focus on market expansion and new product development in the upcoming quarters to drive growth[196]. Strategic Initiatives - The company operates a comprehensive service model in the electronic testing and measurement field, focusing on instrument sales, leasing, system integration, and financial services[35]. - The company has established partnerships with nearly 20 instrument brands and offers over 3,000 models, catering to various industries including electronics, telecommunications, and aerospace[35]. - The company has expanded its leasing business to meet customer needs, providing flexible solutions that help reduce costs and mitigate technical risks[39]. - The company has a nationwide marketing network with branches in over 30 major cities, enhancing its ability to respond quickly to customer demands[35]. - The company emphasizes localized service support through professional teams to ensure effective execution of its one-stop service model[35]. - The company has adopted a multi-brand and multi-product strategy to strengthen its market position and service quality[35]. Shareholder Information - The total number of shares before the change was 157,538,236, with no new shares issued or repurchased[142]. - The largest shareholder, Oriental Keyi Holdings Group Co., Ltd., holds 30.75% of the shares, totaling 48,440,410 shares[152]. - The second-largest shareholder, Dalian Financial Industry Investment Group Co., Ltd., holds 23.85% of the shares, totaling 37,570,000 shares[152]. - The total number of shareholders at the end of the reporting period was 15,821[148]. Miscellaneous - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[7]. - The company has not encountered any major changes in project feasibility or issues with the use of raised funds[84]. - The company did not report any violations regarding external guarantees during the reporting period[128]. - The company has not initiated any significant environmental protection issues and is not classified as a key pollutant discharge unit[133].

Financial Performance - The company's operating revenue for Q1 2020 was ¥210,478,418.69, representing a 4.81% increase compared to ¥200,816,847.02 in the same period last year[8]. - Net profit attributable to shareholders was ¥5,998,155.25, up 6.46% from ¥5,634,016.68 year-on-year[8]. - Basic and diluted earnings per share increased to ¥0.0381, reflecting a growth of 6.42% from ¥0.0358[8]. - The total operating revenue for the first quarter of 2020 was CNY 210,478,418.69, an increase from CNY 200,816,847.02 in the same period last year, representing a growth of approximately 8.3%[52]. - The net profit for the current period is CNY 7,736,388.40, up from CNY 6,684,874.50 in the previous period, indicating a growth of approximately 15.7%[57]. - The operating profit for the current period is CNY 9,858,729.40, compared to CNY 8,558,235.34 in the previous period, representing an increase of about 15.1%[57]. - The total profit for the current period is CNY 9,862,155.00, compared to CNY 8,558,235.34 in the previous period, marking an increase of approximately 15.3%[57]. - The company's total operating costs for the current period are CNY 200,768,046.19, up from CNY 193,110,173.87 in the previous period, indicating an increase of about 4.3%[57]. - The tax expenses for the current period are CNY 2,125,766.60, compared to CNY 1,873,360.84 in the previous period, which is an increase of approximately 13.4%[57]. Cash Flow - The net cash flow from operating activities improved significantly, reaching -¥20,729,630.89, a 52.46% increase compared to -¥43,604,054.30 in the previous year[8]. - Cash inflow from operating activities totaled 571,082,568.35, down from 645,817,086.42 year-over-year[73]. - Cash received from sales of goods and services was 219,513,718.28, compared to 258,405,504.23 in the prior period[69]. - Cash inflow from investment activities was 38,292,033.06, significantly higher than 5,129,159.98 in the prior year[79]. - Net cash flow from investment activities was 16,883,595.05, compared to -40,817,260.86 in the previous period[73]. - Cash inflow from financing activities was 18,000,000.00, down from 55,000,000.00 year-over-year[75]. - The net increase in cash and cash equivalents was -7,768,172.39, compared to -70,026,343.38 in the previous year[75]. - The ending balance of cash and cash equivalents was 201,795,073.69, up from 137,254,847.59 in the prior period[75]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,025,726,790.52, a slight increase of 0.16% from ¥1,024,091,293.70 at the end of the previous year[8]. - The net assets attributable to shareholders rose to ¥532,645,371.04, marking a 1.14% increase from ¥526,647,215.79[8]. - Total assets increased to ¥1,025,726,790.52 as of March 31, 2020, compared to ¥1,024,091,293.70 on December 31, 2019, reflecting a slight growth[36]. - The total liabilities decreased to CNY 181,141,261.90 from CNY 172,764,366.81, reflecting a rise of approximately 4.3%[51]. - The company's total equity increased to CNY 498,030,793.32 from CNY 495,027,635.67, showing a growth of about 0.6%[51]. - The cash and cash equivalents decreased to CNY 82,474,974.88 from CNY 89,573,289.85, a decline of approximately 7.3%[46]. - Accounts receivable rose to CNY 137,118,767.02 from CNY 114,904,351.65, marking an increase of about 19.3%[46]. - Inventory increased to CNY 117,576,946.66 from CNY 105,630,406.78, representing a growth of approximately 11.3%[46]. - The retained earnings as of March 31, 2020, were CNY 271,298,260.65, up from CNY 265,300,105.40, indicating an increase of about 2.3%[45]. - The company reported a total of CNY 431,001,081.53 in current liabilities, slightly down from CNY 437,101,973.11, a decrease of about 1.3%[42]. - The long-term borrowings remained stable at CNY 12,500,000.00, unchanged from the previous period[51]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,004, with the largest shareholder holding 30.75%[13]. - No significant non-recurring gains or losses were reported that would be classified as regular income[12]. Government and Regulatory Matters - The company reported a government subsidy of ¥14,696.53 related to tax refunds during the reporting period[8]. - The company has no overdue commitments or non-operating fund occupation by controlling shareholders during the reporting period[24]. Other Information - The first quarter report was not audited[82]. - The company implemented new revenue and lease standards starting in 2020, but did not apply retrospective adjustments to prior comparative data[82]. - The financial report adjustments related to the new standards are not applicable for the current year[82]. - The company has not disclosed any specific user data or performance metrics in the provided content[82]. - There are no mentions of future outlook or performance guidance in the provided content[82]. - No new products or technologies have been discussed in the provided content[82]. - There are no details on market expansion or acquisitions in the provided content[82]. - The company has not outlined any new strategies in the provided content[82]. - The first quarter report does not include any financial performance summaries or key figures[82]. - The company has not provided any insights into financial trends or market conditions in the provided content[82].

Financial Performance - The company's operating revenue for 2019 was CNY 1,029,812,066.93, representing an increase of 11.21% compared to CNY 925,979,784.30 in 2018[24]. - The net profit attributable to shareholders of the listed company was CNY 56,112,519.16, up 19.77% from CNY 46,848,471.94 in the previous year[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 54,801,827.00, an increase of 82.64% compared to CNY 30,005,344.07 in 2018[24]. - The basic earnings per share for 2019 was CNY 0.3581, reflecting a growth of 12.61% from CNY 0.3180 in 2018[24]. - The diluted earnings per share was CNY 0.3578, also up 12.52% from CNY 0.3180 in the previous year[24]. - The weighted average return on equity increased to 11.22% in 2019 from 9.84% in 2018[24]. - The total assets at the end of 2019 were CNY 1,024,091,293.70, a 9.58% increase from CNY 934,528,473.56 at the end of 2018[24]. - The total profit for the year was ¥87,985,933.44, which is a 29.75% increase compared to the previous year[70]. - The increase in profit margins was primarily due to a higher proportion of revenue from value-added services such as instrument leasing, system integration, factoring, and bidding[70]. Cash Flow and Dividends - The net cash flow from operating activities improved to -CNY 24,351,898.73, a significant improvement of 82.14% from -CNY 136,319,494.70 in 2018[24]. - The company plans to distribute a cash dividend of CNY 0.5 per 10 shares to all shareholders, based on a total of 157,538,236 shares[7]. - In 2019, the company distributed cash dividends totaling RMB 7,876,911.80, representing 14.04% of the net profit attributable to ordinary shareholders[132]. - The cash dividend distributed is in line with the company's strategy to reward shareholders while maintaining a healthy profit distribution ratio[137]. - The company has a commitment to distribute at least 80% of profits as cash dividends during its mature phase without significant capital expenditure plans[137]. Business Operations and Strategy - The company has not reported any changes in its main business since its listing[22]. - The company operates a multi-brand and multi-product business model, representing nearly 20 officially代理 brands and over 200 instrument brands, with more than 3,000 models available[39]. - The company has established a nationwide marketing network with branches in over 30 major cities, enhancing its ability to respond quickly to customer needs[39]. - The company primarily adopts an order sales model, with direct sales as the main approach and intermediaries such as distributors and service providers as supplementary channels[44]. - The company has established a professional technical support team and a nationwide marketing service network, covering major industry leaders and forming long-term partnerships with key clients[49]. - The company emphasizes strict selection criteria for self-operated leasing instruments to ensure high profitability while managing asset risks[46]. - The company is focusing on high-tech industries such as 5G, new energy vehicles, and advanced intelligent manufacturing for product research and development[38]. - The company aims to enhance operational efficiency and profitability through lean management and by increasing the proportion of value-added services such as instrument leasing and system integration[125]. Investments and Acquisitions - The company invested in Dongke Factoring in 2017, focusing on innovative financial solutions for trade financing and account management services[53]. - The company acquired Dongfang Tender in 2018, specializing in tender agency services, enhancing its technical strength and industry experience in the bidding process[57]. - The new tender agency business complements the company's existing services and client base, optimizing business structure and enhancing overall service capabilities[57]. - The company has established a professional M&A team and is prepared to strengthen its acquisition efforts to enhance sustainable development capabilities[125]. Research and Development - Research and development expenses increased by 74.23% to ¥25,974,521.95, primarily due to increased salaries for the R&D team[88]. - The company obtained 12 new software copyrights related to testing applications in the fields of new energy vehicles and communication standards[89]. - R&D personnel increased by 3.90% to 80, while the proportion of R&D personnel decreased to 27.68%[90]. Market and Economic Environment - The macroeconomic environment in 2019 showed a steady growth trend despite increasing domestic downward pressure and global economic downturn[123]. - The company anticipates continued growth in 2020, despite facing significant downward pressure from both demand and supply sides[123]. Compliance and Governance - The company has outlined its commitment to transparency and adherence to performance commitments as part of its corporate governance[146]. - The company has a long-term commitment to avoid misleading statements in its prospectus, with a promise to compensate investors for losses incurred due to any false records or omissions[165]. - The company has reported no non-operating fund occupation by its controlling shareholders or related parties during the reporting period[175].

Financial Performance - Operating revenue for the reporting period was ¥276,800,394.61, representing a year-on-year increase of 14.69%[8] - Net profit attributable to shareholders was ¥21,806,979.04, up 11.86% year-on-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥21,607,662.29, an increase of 14.17% compared to the same period last year[8] - Basic earnings per share were ¥0.1385, a decrease of 15.34% compared to the same period last year[8] - The weighted average return on net assets was 4.14%, down 1.82% year-on-year[8] - The net profit for the year-to-date period reached ¥39,489,334.10, reflecting a substantial increase of 51.35% year-on-year[8] - Net profit for the current period was ¥27,289,796.83, compared to ¥24,419,030.51 in the previous period, representing an increase of 11.5%[60] - Net profit for the period reached ¥36,473,351.23, up from ¥20,540,637.27, reflecting an increase of approximately 77.5%[83] - The profit attributable to the parent company's shareholders was ¥39,489,334.10, compared to ¥26,091,604.32, reflecting a growth of 51.49%[76] - The total comprehensive income attributable to the parent company was ¥47,688,416.52, up from ¥28,860,267.16, showing a growth of 65.38%[79] Assets and Liabilities - Total assets at the end of the reporting period reached ¥938,162,488.16, an increase of 0.39% compared to the end of the previous year[8] - The company's equity increased to ¥540.17 million, compared to ¥504.43 million, representing a growth of approximately 7.1%[46] - Current liabilities decreased to ¥382.99 million from ¥430.09 million, a reduction of about 10.9%[43] - Total assets increased to ¥938.16 million, up from ¥934.53 million year-over-year, reflecting a growth of approximately 0.18%[39] - Long-term loans increased as the company took on new acquisition loans totaling 15,000,000.00 RMB[23] - Long-term borrowings stood at ¥15 million, with no previous long-term borrowings reported[53] Cash Flow - The company reported a net cash flow from operating activities of ¥3,647,820.04, a significant decrease of 61.38% compared to the previous year[8] - Cash received from factoring business increased by 87.67% to 1,005,076,699.99 RMB, reflecting a rise in recovered commercial factoring amounts[23] - Cash flow from operating activities showed a net outflow of ¥3,645,015.63, worsening from a net outflow of ¥156,364,052.49 in the prior year[91] - Investment activities generated a net cash inflow of ¥24,817,438.52, down from ¥51,873,731.37 year-over-year[95] - Financing activities resulted in a net cash outflow of ¥16,854,979.30, compared to a net inflow of ¥82,891,025.93 in the previous period[95] - The company's cash and cash equivalents at the end of the period totaled ¥212,174,794.51, up from ¥141,336,346.80 at the beginning of the period, representing an increase of approximately 50.2%[95] Expenses and Costs - Total operating costs amounted to ¥244,929,142.23, up from ¥214,780,616.37, reflecting a rise of 14.0%[57] - R&D expenses rose by 76.13% to 20,055,390.51 RMB, primarily due to increased salaries for R&D personnel[23] - Research and development expenses rose to ¥5,284,302.84, compared to ¥3,479,345.32, marking a 51.8% increase[57] - The company reported a 43.94% decline in investment income, totaling 1,277,284.05 RMB, due to a reduced holding period for funds[23] - Tax expenses for the current period were ¥10,549,482.38, compared to ¥9,836,538.34, an increase of 7.24%[76] Shareholder Information - The top ten shareholders held a combined 67.86% of the company's shares, with the largest shareholder owning 30.77%[12] - The company's capital stock rose by 30.09% to 157,538,236.00 RMB following the completion of capital reserve conversion and restricted stock incentive grants[23] - The capital reserve decreased to ¥79.63 million from ¥115.11 million, a reduction of approximately 30.8%[46] - The company’s retained earnings increased to ¥255.70 million from ¥221.06 million, reflecting a growth of about 15.6%[46] Market and Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[73]

Financial Performance - The company's operating revenue for the first half of 2019 was ¥458,674,265.22, representing a 14.91% increase compared to the same period last year[23]. - The net profit attributable to shareholders of the listed company reached ¥17,785,067.16, a significant increase of 169.57% year-on-year[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥17,351,437.65, up 205.97% from the previous year[23]. - The basic earnings per share for the period was ¥0.1399, reflecting a 152.53% increase compared to the same period last year[23]. - The total assets at the end of the reporting period were ¥949,958,840.10, an increase of 1.65% from the end of the previous year[23]. - The net assets attributable to shareholders of the listed company were ¥487,221,051.07, which is a 2.73% increase compared to the previous year[23]. - The net cash flow from operating activities was -¥7,307,873.45, showing a 95.60% improvement compared to the same period last year[23]. - The weighted average return on net assets was 3.45%, an increase of 2.00% compared to the previous year[23]. Revenue Breakdown - The sales revenue from instrument sales grew by 11.22% year-on-year, totaling ¥390,138,380.34, accounting for 85.06% of total revenue[72]. - The instrument leasing segment saw a revenue increase of 27.26% year-on-year, amounting to ¥23,440,947.83[72]. - The system integration business reported a revenue growth of 23.79% year-on-year, reaching ¥9,577,065.97[72]. - The factoring business experienced a remarkable revenue increase of 100.42% year-on-year[68]. - The bidding business grew by 36.03% year-on-year, benefiting from increased national investment in scientific research[68]. Investment and Assets - The company's fixed assets increased by 34.97% to ¥51,004,837.24, primarily due to the increase in operating lease assets[59]. - Intangible assets rose by 169.45% to ¥3,493,110.07, mainly due to the completion of the SAP software upgrade[59]. - Cash and cash equivalents decreased by 36.52% to ¥131,559,086.09, primarily due to the purchase of bank principal-protected financial products and payments for the acquisition of Dongfang Bidding equity[59]. - Inventory increased by 33.35% to ¥87,216,128.65, mainly due to changes in trade policies[59]. - Other current assets surged by 1035.78% to ¥23,319,999.25, primarily due to the purchase of bank principal-protected financial products[59]. Strategic Initiatives - The company is focusing on expanding its product line and enhancing technical service capabilities to meet customer needs[68]. - The company is implementing a new three-year strategic development plan for 2019-2021, aiming for cross-development and cultural restructuring[67]. - The company has established a nationwide marketing network with branches in over 30 major cities, enhancing local service support[37]. - The company operates a multi-brand and multi-product strategy, representing nearly 20 officially partnered brands and over 200 instrument brands[37]. - The company has expanded its business through investments and acquisitions, particularly in supply chain finance and bidding agency services[36]. Risks and Challenges - The company faces risks from macroeconomic fluctuations that may lead to decreased market demand, particularly affecting key industries such as electronics manufacturing and telecommunications[114]. - Increased competition is anticipated due to the transformation of traditional distributors and the entry of large foreign leasing companies into the Chinese market[116]. - The scale of self-operated leasing assets is expected to increase, which may lead to risks of asset impairment due to technological obsolescence in electronic measurement instruments[116]. Shareholder Information - The total number of shares increased from 121,103,182 to 157,434,136 after a capital reserve conversion of 3 shares for every 10 shares held[158]. - The company issued 7,181,182 new shares for asset acquisition, increasing the total share capital[158]. - The proportion of shares held by state-owned enterprises is 30.77%, totaling 48,440,410 shares[159]. - The proportion of shares held by foreign entities is 23.86%, totaling 37,570,000 shares[159]. - The company has implemented a share incentive plan for its employees, with specific share allocations[157]. Miscellaneous - The company plans not to distribute cash dividends or issue bonus shares for this period[7]. - The company emphasizes the importance of reading the full semi-annual report and warns investors about potential risks[6]. - The company has not engaged in any significant litigation or arbitration matters during the reporting period[125]. - There were no major related party transactions or significant contracts during the reporting period[130][135].