Revenue and Profit - The company's revenue for Q3 2022 was ¥113,100,913.27, a decrease of 36.24% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥4,675,855.91, an increase of 118.44% year-on-year, while the cumulative net profit for the year was a loss of ¥100,855,611.52, down 44.72%[5]. - The basic earnings per share for Q3 2022 was ¥0.03, up 121.43% year-on-year, while the diluted earnings per share was also ¥0.03[5]. - Net profit for the period was a loss of CNY 100,855,611.52, compared to a loss of CNY 69,690,214.08 in the previous period, representing an increase in loss of about 44.8%[22]. - Total comprehensive income for the period was -100,855,611.52 CNY, compared to -69,690,214.08 CNY in the previous period, reflecting a decline of approximately 44.7%[23]. - Basic and diluted earnings per share were both -0.59 CNY, compared to -0.42 CNY in the previous period, indicating a decrease of 40.5%[23]. Assets and Liabilities - Total assets at the end of Q3 2022 were ¥1,928,170,388.60, a decrease of 10.89% from the end of the previous year[5]. - Total current assets decreased from CNY 1,749,038,944.71 to CNY 1,494,718,165.89, a decline of approximately 14.5%[18]. - Total liabilities decreased from CNY 483,947,926.94 to CNY 349,194,565.67, a reduction of approximately 28%[19]. - The company’s total equity attributable to shareholders decreased by 6.00% to ¥1,578,975,822.93 compared to the end of the previous year[5]. - The company's capital reserve decreased from CNY 618,273,964.04 to CNY 512,693,927.94, a reduction of approximately 17.1%[19]. Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥182,934,549.34, a decrease of 17.22% year-on-year[5]. - Cash flow from operating activities was -182,934,549.34 CNY, a deterioration from -156,056,083.36 CNY in the previous period[24]. - Cash inflow from investment activities totaled 998,394,748.18 CNY, down from 1,440,034,341.15 CNY, representing a decrease of approximately 30.7%[25]. - Net cash flow from investment activities was 193,637,140.21 CNY, a significant improvement from -42,947,272.88 CNY in the previous period[25]. - Cash and cash equivalents at the end of the period were 740,682,688.25 CNY, down from 838,619,064.15 CNY, a decrease of about 11.7%[25]. - Cash outflow from financing activities was -110,014,286.85 CNY, compared to -58,646,263.11 CNY in the previous period, indicating a worsening situation[25]. Operating Performance - The company's operating income for the year-to-date was ¥261,890,178.77, down 49.69% compared to the same period last year[10]. - Operating revenue for the period was CNY 261,890,178.77, down from CNY 520,506,577.31, a decrease of approximately 49.7%[21]. - Total operating costs decreased from CNY 618,483,496.78 to CNY 387,789,246.91, a decline of about 37.2%[21]. - Research and development expenses were CNY 186,397,966.08, down from CNY 224,408,530.92, a decrease of approximately 16.9%[21]. Other Financial Metrics - Other income decreased by 52.13% to CNY 13,433,614.47, primarily due to a reduction in VAT refunds compared to the same period last year[11]. - Investment income fell by 45.60% to CNY 7,992,425.06, attributed to a decrease in structured deposit returns compared to the previous year[11]. - The company reported a significant increase in non-operating expenses, up 1,060.81% to CNY 318,542.79, mainly due to donations made during the period[11]. - Cash received from tax refunds decreased by 43.89% to CNY 21,168,847.83, reflecting a reduction in VAT refunds compared to the previous year[11]. - Cash received from investment returns dropped by 48.56% to CNY 7,679,454.55, primarily due to lower structured deposit returns[11]. - The company reported a financial expense of CNY -52,867,741.62, compared to CNY -6,295,349.79 in the previous period, indicating a significant increase in financial costs[21]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,978[13]. - The largest shareholder, Shenzhen Innovation Investment Group, holds 26.50% of the shares, totaling 45,527,040 shares[13]. Inventory and Prepayments - Inventory increased by 32.72% to ¥286,852,740.17, primarily due to increased project stocking[10]. - The company reported a significant increase in prepayments, up 382.71% to ¥16,932,100.26, attributed to increased project stocking[10]. Fixed Assets - The company recorded a 572.43% increase in cash recovered from the disposal of fixed assets, amounting to CNY 715,293.63, compared to the previous year[11]. - Total cash paid for investment decreased by 41.95% to CNY 790,000,000.00, mainly due to reduced purchases of structured deposits[11]. Financial Changes - The company's financial expenses increased significantly, with a change of -739.79% due to exchange gains from the appreciation of the US dollar against the RMB[10].

证券代码：002912 证券简称：中新赛克 编号：2022-003 | --- | --- | --- | --- | --- | |----------------|------------------------------------------------------------------|------------------------------------------------------------------------|------------------|-----------| | | | | | | | | | | | | | 投资者关系活动 | ☑ 特定对象调研 | □分析师会议 | | | | 类别 | □媒体采访 □业绩说明会 | | | | | | □新闻发布会 □路演活动 | | | | | | □现场参观 | | | | | | ☑ 其他 （电话会议和现场会议） | | | | | | 活动参与人员 调研单位及人员： | | | | | | 国盛证券 宋嘉吉 伟鹏；湘财基金 程涛 （电话会议）；兴业证券 | 黄瀚；申万菱信基金 房天浩（电话会议）；华泰保险 孙乾（电话 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥148,789,265.50, a decrease of 56.64% compared to ¥343,114,989.09 in the same period last year[23]. - The net loss attributable to shareholders was ¥105,531,467.43, representing a 138.06% increase in losses compared to a net loss of ¥44,330,234.96 in the previous year[23]. - The basic and diluted earnings per share were both -¥0.62, a decline of 129.63% from -¥0.27 in the same period last year[23]. - The weighted average return on equity was -6.49%, a decrease of 3.92% compared to -2.57% in the previous year[23]. - The company's total assets at the end of the reporting period were ¥1,916,412,077.33, down 11.43% from ¥2,163,779,361.39 at the end of the previous year[23]. - The net assets attributable to shareholders decreased by 6.28%, totaling ¥1,574,299,967.02 compared to ¥1,679,831,434.45 at the end of the previous year[23]. - The company's total cash and cash equivalents decreased by ¥115,838,436.21, a reduction of 59.78% year-on-year, influenced by operating, investing, and financing activities as well as exchange rate changes[88]. - The net profit attributable to the parent company was -105,531,467.43 yuan, compared to -44,330,234.96 yuan in the previous period, indicating a significant increase in losses[199]. - The total comprehensive income attributable to the parent company was -105,531,467.43 yuan, compared to -44,330,234.96 yuan previously, reflecting a decline in overall financial performance[199]. Cash Flow and Investments - The net cash flow from operating activities improved by 14.39%, amounting to -¥150,038,730.15, compared to -¥175,267,584.84 in the same period last year[23]. - The net cash flow from investing activities was ¥12,650.48, a significant increase of 204.10% year-on-year, attributed to reduced cash payments for investments and the absence of office building purchase payments this period[88]. - The net cash flow from financing activities was -¥10,972.40, a decrease of 1,044.19% year-on-year, primarily due to share buybacks this period compared to receiving equity incentive funds in the previous year[88]. - The company's financial expenses amounted to -¥24,968,666.84, a decrease of 936.12% year-on-year, mainly due to exchange gains from the appreciation of the US dollar[88]. Revenue Breakdown - The revenue from broadband network products was ¥68,183,315.24, a decrease of 57.58% year-on-year, reflecting the overall decline in operating revenue[89]. - Revenue from the government sector decreased by 59.41% compared to the same period last year, with operating costs also down by 59.28%[92]. - Revenue from the operator sector declined by 60.92%, while operating costs fell by 59.38%, reflecting the impact of ongoing COVID-19 effects[93]. - Big data operation product revenue dropped by 89.32%, with operating costs decreasing by 93.68%, attributed to fewer projects meeting acceptance criteria this period[94]. - Industrial internet security product revenue fell by 87.52%, with operating costs down by 98.88%, as the company is still in the market development phase[94]. Research and Development - The company increased R&D investment in 5G mobile network products, launching a full range of products to cover user scenarios[35]. - The company has a strong R&D team, with R&D investment accounting for 82.61% of operating revenue, and has obtained 14 new national patents during the reporting period[75]. - Research and development expenses were ¥122,911,632.32, down 17.48% from ¥148,947,008.59 in the previous year, primarily due to the absence of equity incentive costs recognized in the previous period[88]. Market and Industry Trends - In the first half of 2022, the Chinese cybersecurity market reached a scale of 92.68 billion yuan, with a year-on-year growth rate of 23.7%, and is expected to reach 114.42 billion yuan in 2022, maintaining a growth rate of 23.5%[45]. - The company is positioned to benefit from the increasing demand for cybersecurity solutions driven by the development of new technologies such as AI and IoT, as well as the government's focus on enhancing cybersecurity infrastructure[48]. - The industrial internet security sector is being bolstered by government initiatives to improve data security management and promote innovation in cybersecurity technologies[51]. - The company is actively contributing to the digital transformation of state-owned enterprises, aligning with national policies to accelerate digital development and establish a data-driven operational system[52]. Operational Risks and Challenges - The company faces various operational risks, which are detailed in the management discussion section of the report[3]. - The company faces risks from the recurring COVID-19 pandemic, which may adversely affect its market project development and implementation[115]. - The company achieved operating revenue of 148.79 million yuan, a decrease of 56.64% compared to the same period last year, primarily due to the ongoing impact of the COVID-19 pandemic on both domestic and international operations[80]. Corporate Governance and Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[4]. - The company held two shareholder meetings during the reporting period, ensuring compliance with legal and regulatory requirements[134]. - The company has no significant equity or non-equity investments during the reporting period[108][109]. - The company has no major guarantees or entrusted financial management activities reported in the current period[157][159]. - The company’s shareholding structure shows a decrease in the proportion of restricted shares from 33.34% to 32.09%[166].

Financial Performance - The company's operating revenue for Q1 2022 was ¥88,537,176.64, a decrease of 52.51% compared to ¥186,443,156.70 in the same period last year[3] - The net profit attributable to shareholders was a loss of ¥54,712,832.22, representing a decline of 541.37% from a profit of ¥12,396,153.49 in the previous year[3] - Operating profit for Q1 2022 was a loss of ¥68,463,785.18, contrasting with a profit of ¥15,674,325.14 in the previous year[19] - The company reported a basic and diluted earnings per share of -¥0.32 for Q1 2022, compared to ¥0.07 in Q1 2021[20] - Total operating costs for Q1 2022 were ¥146,487,251.04, down from ¥164,667,485.45, reflecting a reduction of 11.0%[19] - The company experienced a 640,539.35% increase in other expenses, amounting to ¥314,233.60, primarily due to donations made during the period[8] Cash Flow and Liquidity - The net cash flow from operating activities improved by 27.66%, amounting to -¥92,525,114.13 compared to -¥127,908,885.68 in the previous year[3] - Cash received from sales of goods and services in Q1 2022 was ¥66,208,473.43, an increase from ¥61,538,787.39 in the previous year[22] - The net cash flow from investment activities was -¥1,105,076.95, compared to -¥119,316,744.33 in the previous year, showing a significant reduction in losses[23] - The net increase in cash and cash equivalents was -¥162,609,065.21, compared to -¥245,451,404.38 in the previous year, reflecting a smaller decline[24] - The ending balance of cash and cash equivalents was ¥639,255,657.95, down from ¥852,506,033.32 year-over-year[24] Assets and Liabilities - Total assets decreased by 7.23% to ¥2,007,316,660.66 from ¥2,163,779,361.39 at the end of the previous year[3] - Total liabilities as of the end of Q1 2022 were ¥382,198,058.43, down from ¥483,947,926.94 at the end of the previous year[19] - Total current liabilities decreased from ¥444,336,764.72 to ¥334,143,914.18, a reduction of approximately 24.8%[15] - Non-current liabilities include lease liabilities of ¥3,157,262.41, down from ¥3,586,661.03[15] - Total equity attributable to shareholders of the parent company was ¥1,625,118,602.23, a decrease from ¥1,679,831,434.45 in the previous year[19] Shareholder Information - Total number of common shareholders at the end of the reporting period is 25,904[10] - The largest shareholder, Shenzhen Innovation Investment Group Co., Ltd., holds 26.31% of shares, totaling 45,527,040 shares[10] - The company has a total of 10 major shareholders, with several being associated entities[11] Inventory and Receivables - The company reported a significant decrease in accounts receivable by 87.43%, from ¥24,264,000.00 to ¥3,050,700.00, primarily due to the collection of bank acceptance bills[7] - Accounts receivable decreased from ¥269,652,817.63 to ¥258,392,326.30, a reduction of about 4.8%[14] - The company's inventory increased by 62.97%, rising from ¥3,507,741.25 to ¥5,716,576.55, attributed to increased project stocking[7] - Inventory increased from ¥216,140,001.60 to ¥239,810,872.89, an increase of approximately 10.9%[14] Research and Development - Research and development expenses for Q1 2022 amounted to ¥62,645,965.02, a decrease of 9.8% from ¥68,988,302.39 in the same quarter last year[19] Audit Status - The company did not undergo an audit for the Q1 report, indicating that the financial data is unaudited[3] - The company’s first-quarter report was not audited[25] Strategic Focus - The company is focusing on market expansion and new product development strategies[12]

Financial Performance - The company reported a significant increase in revenue for 2021, reaching RMB 1.5 billion, representing a year-over-year growth of 25%[16]. - The company's operating revenue for 2021 was ¥693,877,530.58, a decrease of 27.27% compared to ¥954,100,398.63 in 2020[22]. - The net profit attributable to shareholders for 2021 was ¥56,268,310.23, down 77.29% from ¥247,775,991.60 in 2020[22]. - The net profit after deducting non-recurring gains and losses was -¥5,754,476.49 in 2021, a decline of 102.42% compared to ¥238,118,978.25 in 2020[22]. - The net cash flow from operating activities was -¥109,986,225.60 in 2021, a decrease of 148.98% from ¥224,534,138.26 in 2020[22]. - The basic earnings per share for 2021 was ¥0.33, down 76.92% from ¥1.43 in 2020[22]. - Total revenue for 2021 was ¥693,877,530.58, a decrease of 27.27% compared to ¥954,100,398.63 in 2020[79]. - Revenue from the government sector decreased by 33.91% to ¥460,514,081.52, accounting for 66.37% of total revenue[79]. - The overseas revenue decreased by 40.43% to ¥109,311,295.70, which was 15.75% of total revenue[79]. - The company reported a significant increase in mobile internet traffic, with monthly average traffic (DOU) reaching 13.36GB per user, a growth of 29.2% year-on-year[33]. User Growth and Engagement - User data showed an increase in active users, with a total of 2 million users by the end of 2021, up from 1.6 million in 2020, marking a growth of 25%[16]. - The company reported an increase in active users by 25% year-on-year, reaching a total of 5 million active users by the end of 2021[170]. - User data showed an increase in active users, reaching 10 million by the end of 2021, up from 8 million in 2020, indicating a growth rate of 25%[176]. - User data indicated an increase in active users by 15% year-over-year, reaching 3 million active users by the end of 2021[181]. Research and Development - The company has allocated RMB 200 million for research and development in 2022, focusing on big data and network visualization technologies[16]. - R&D investment accounted for 29.96% of total revenue, with 770 R&D personnel representing 58.73% of the total workforce[71]. - Research and development expenses amounted to ¥207,904,275.19, a decrease of 12.21% compared to ¥236,829,853.32 in the previous year, but an increase of 21.68% when excluding stock incentive costs[91]. - The company is investing 100 million RMB in R&D for new technologies aimed at enhancing product offerings[181]. - Investment in R&D increased by 30% in 2021, totaling 300 million RMB, focusing on cybersecurity technologies and solutions[189]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share by 2025[16]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by 2023[190]. - The company plans to enter the European market in 2023, with an initial investment of 100 million RMB[182]. - The company is actively expanding its market presence and diversifying its customer base to reduce reliance on single customers[90]. - The company aims to deepen its market presence in both domestic and international sectors, leveraging existing customer relationships and expanding into new regions[50]. Product Development and Innovation - New product development includes the launch of a next-generation broadband network management product, expected to enhance market competitiveness[16]. - The company launched a 400G interface board and developed a new generation of controllable broadband network products to meet domestic demand, while optimizing the broadband network data forwarding platform[41]. - The company introduced two new products in 2021, which contributed to 200 million RMB in additional revenue[189]. - New product launches included two major software updates aimed at enhancing user experience, expected to roll out in Q2 2022[186]. Financial Management and Governance - The board has decided not to distribute cash dividends for the year, opting to reinvest profits into growth initiatives[5]. - The company has established a comprehensive management team and governance structure to adapt to growth and optimize business processes[142]. - The company has implemented internal control systems to ensure effective governance and protect investor rights[153]. - The company emphasizes the importance of information disclosure and investor relations management, implementing strict procedures to ensure timely and accurate communication with stakeholders[158]. Challenges and Risks - The company has identified key risks, including market competition and regulatory changes, and has developed strategies to mitigate these risks[4]. - The company is aware of the risks posed by the COVID-19 pandemic and is taking measures to mitigate its impact on business operations[143]. - The company is facing intensified market competition and is committed to enhancing its technological innovation and product competitiveness[144]. Future Outlook - The company has outlined its future outlook, projecting a revenue growth of 30% for 2022, aiming to reach RMB 1.95 billion[16]. - The company provided guidance for 2022, projecting a revenue growth of 20% to 1.8 billion RMB, driven by new product launches and market expansion strategies[176]. - The company plans to enhance its product offerings and expand its market presence in response to the declining revenue trends[79]. - The company aims to achieve a net profit margin of 15% in 2022, up from 12% in 2021, through operational efficiencies[190].

证券代码：002912 证券简称：中新赛克 公告编号：2021-074 深圳市中新赛克科技股份有限公司 关于参加 2021 深圳辖区"沟通传递价值，交流创造良好生 态"上市公司投资者网上集体接待日活动的公告 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。 为进一步加强与投资者的互动交流工作，深圳市中新赛克科技股份有限公司 （以下简称"公司"）将参加由深圳上市公司协会、深圳市全景网络有限公司共 同举办的"沟通传递价值，交流创造良好生态"——2021 深圳辖区上市公司投 资者网上集体接待日活动，现将有关事项公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台，采取网 络远程的方式举行，投资者可以登录"全景•路演天下"网站（http://rs.p5w.net/） 或关注微信公众号：全景财经，参与公司本次投资者集体接待日活动，活动时间 为 2021 年 11 月 30 日 14:00 至 17:00，其中公司与投资者网上互动的时间为 15:30 至 17:00。 届时公司副总经理、董事会秘书李斌先生和财务总监薛尔白先生将通过网络 文字交流形式与投资者 ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥343,114,989.09, representing a 0.99% increase compared to ¥339,739,700.45 in the same period last year[22]. - The net profit attributable to shareholders was a loss of ¥44,330,234.96, a decline of 165.14% from a profit of ¥68,051,492.53 in the previous year[22]. - The net cash flow from operating activities was a negative ¥175,267,584.84, slightly worse than the negative ¥170,392,830.46 recorded in the same period last year, reflecting a 2.86% increase in cash outflow[22]. - The basic earnings per share decreased to -¥0.27, down 169.23% from ¥0.39 in the previous year[22]. - Total assets at the end of the reporting period were ¥2,316,268,407.77, a 0.99% increase from ¥2,293,656,365.37 at the end of the previous year[22]. - The net assets attributable to shareholders decreased by 3.16% to ¥1,699,671,919.68 from ¥1,755,101,814.20 at the end of the previous year[22]. - The company's weighted average return on equity was -2.57%, down 7.00% from 4.43% in the previous year[22]. - The net profit attributable to shareholders, excluding the impact of stock incentive costs, was ¥12,870,900, representing an 81.09% decline year-on-year[22]. - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[6]. Market and Product Development - The company focuses on data extraction, data fusion computing, and applications in information security and big data intelligence, with main products including broadband network products, mobile network products, network content security products, big data operation products, and industrial internet security products[30]. - The company launched a 400G interface board and upgraded domestic broadband network products, along with a 5G fine-grained diversion product to meet various 5G networking needs[34]. - The company is developing a network data packet proxy product aimed at enterprises, expected to be released in the second half of the year[34]. - The company upgraded its DFX products to achieve platformization and componentization, and developed the 90T series products to enhance port density and processing performance[34]. - The company introduced a 5G mobile network product and is developing a 5G fixed mobile network product, expected to be released in the second half of 2021[35]. - The company continues to enhance its data middle platform services, launching multiple advanced business systems to support digital transformation for enterprises[37]. - The company is optimizing its industrial internet security products to enhance data collection and analysis capabilities, while also developing an industrial internet security training platform[38]. - The company is expanding its market presence by deepening industry-specific markets and enhancing sales channel coverage, both domestically and internationally[41][42]. - In the first half of 2021, domestic sales revenue significantly increased due to effective pandemic control, while overseas sales declined due to ongoing challenges in markets like Africa and Southeast Asia[43]. Industry Trends and Regulations - The data security industry is projected to exceed RMB 250 billion with a compound annual growth rate (CAGR) of over 15% from 2021 to 2023, driven by government and operator investments in 5G, big data, and AI technologies[44]. - The implementation of the Data Security Law from September 1, 2021, emphasizes the importance of data classification, risk assessment, and security measures, promoting innovation in data utilization and security technology[45]. - The Industrial Internet Innovation Development Action Plan aims to enhance industrial internet security capabilities, supporting the digital transformation of enterprises[46]. Research and Development - Continuous investment in product R&D has strengthened the company's competitive edge, with new products like 5G mobile and fixed network solutions expected to launch in the second half of 2021[52]. - The company’s R&D investment accounted for 43.41% of operating revenue, with 808 R&D personnel making up 57.14% of the total workforce[72]. - Research and development expenses reached 148.95 million yuan, an increase of 50.57% year-on-year, primarily due to higher salaries for R&D personnel and increased stock incentive costs[78]. Financial Management and Costs - The company's operating costs increased by 24.62% year-on-year, mainly due to higher procurement of supporting equipment for certain projects[78]. - The company's financial expenses increased by 87.85% year-on-year, primarily due to investment income from structured deposits and foreign exchange losses from the appreciation of the RMB against the USD[79]. - The company has a stable supply chain management system, ensuring reliability and supply security for its products, which supports its competitive position in the market[76]. Shareholder and Governance Information - The company does not plan to distribute cash dividends or issue bonus shares for the half-year period[117]. - The company approved adjustments to its stock incentive plan, granting reserved restricted stocks to incentivize employees[118]. - The company completed the registration of the reserved portion of the 2019 restricted stock incentive plan, granting 808,000 shares to 152 incentive objects[151]. - The total number of shares after the recent changes is 175,071,680, with 33.17% being limited shares[151]. - The total number of common shareholders at the end of the reporting period is 27,058[161]. - Shenzhen Innovation Investment Group holds 26.00% of shares, totaling 45,527,040 shares[161]. - The company has not experienced any changes in its controlling shareholder during the reporting period[165]. Operational Challenges - The company faces intensified market competition due to the impact of COVID-19 and the slowdown in domestic government and operator investments, necessitating timely technological and business model innovations[107]. - The risk of core personnel turnover is significant, as the company relies on high-tech talent for its competitive edge, prompting measures to retain key staff[110]. - The company has implemented strict confidentiality measures and quality management certifications to protect its core technologies and intellectual property[110][111].

Financial Performance - The company's revenue for Q1 2021 was ¥186,443,156.70, representing a 21.27% increase compared to ¥153,744,863.20 in the same period last year[8] - Net profit attributable to shareholders decreased by 61.40% to ¥12,396,153.49 from ¥32,115,868.20 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥11,477,166.73, down 62.43% from ¥30,549,898.31 in the previous year[8] - Basic and diluted earnings per share fell by 63.16% to ¥0.07 from ¥0.19 year-on-year[8] - The weighted average return on net assets decreased to 0.70% from 2.09% in the previous year, a decline of 1.39%[8] - Total operating revenue for Q1 2021 was CNY 186,443,156.70, an increase from CNY 153,744,863.20 in the previous period[41] - Total operating costs for Q1 2021 were CNY 164,667,485.45, up from CNY 128,098,741.98 in the previous period[42] - Net profit for Q1 2021 was CNY 12,396,153.49, a decrease from CNY 32,115,868.20 in the previous period[43] - The total comprehensive income for Q1 2021 was CNY 12,396,153.49, a decrease from CNY 32,115,868.20 in the previous period[44] - The company reported a total comprehensive income of CNY 3,809,664.32 for the quarter, recovering from a total comprehensive loss of CNY -3,141,877.68 in the same period last year[48] Cash Flow and Investments - The net cash flow from operating activities was -¥127,908,885.68, a 126.59% decline compared to -¥56,448,799.99 in the same period last year[8] - Cash received from government subsidies increased by 45.78% to ¥24,943,824.73[18] - Cash paid for purchasing goods and services increased by 59.78% to ¥75,609,891.25, mainly due to increased inventory and prepayments[18] - Investment cash outflow reached ¥460,000,000.00, primarily for purchasing high-yield structured deposits[18] - The company reported a financial expense of CNY -6,905,895.14, an improvement from CNY -12,104,019.42 in the previous period[42] - The company received CNY 375,000,000.00 from investment recoveries during the quarter, indicating active investment management[51] - The net cash flow from investment activities was -45,194,646.49 CNY, with total cash inflows of 226,805,353.51 CNY and outflows of 272,000,000.00 CNY[55] - The cash flow from financing activities showed a net outflow of CNY -119,468.57, reflecting limited financing activities during the quarter[52] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,291,390,496.23, a slight decrease of 0.10% from ¥2,293,656,365.37 at the end of the previous year[8] - Total assets increased by 152.24% due to increased inventory and prepayments for materials[17] - Other receivables rose by 49.59% to ¥14,804,660.72, mainly due to increased international travel advances and bid guarantees[17] - Deferred income increased by 119.50% to ¥27,109,490.45, primarily from government subsidies received but not yet recognized as income[17] - Total liabilities decreased to CNY 496,106,346.90 from CNY 538,554,551.17, a reduction of about 7.9%[35] - The company's cash and cash equivalents decreased to CNY 855,883,933.32 from CNY 1,101,120,889.70, representing a decline of approximately 22.3%[33] - Accounts receivable increased to CNY 314,203,303.32, up from CNY 268,996,090.67, indicating a growth of about 16.7%[33] - The company's inventory rose to CNY 248,724,729.41, compared to CNY 221,885,381.22, reflecting an increase of approximately 12.1%[33] - The total assets as of January 1, 2021, were adjusted to 2,297,309,706.00 CNY, an increase of 3,653,340.93 CNY due to the new leasing standards[58] - The total liabilities increased to 542,207,892.10 CNY, reflecting an adjustment of 3,653,340.93 CNY[59] Shareholder Information - Net assets attributable to shareholders increased by 2.29% to ¥1,795,284,149.33 from ¥1,755,101,814.20 at the end of the previous year[8] - The total number of ordinary shareholders at the end of the reporting period was 29,437[13] - The company's equity attributable to shareholders increased to CNY 1,795,284,149.33 from CNY 1,755,101,814.20, marking a growth of approximately 2.3%[36] Operational Focus and Future Plans - The company is focusing on the development of mobile internet products and capital operations, as discussed in investor meetings[28] - The company is actively engaging in discussions regarding its operational status and planning for industrial internet security products[28] - The company has plans for market expansion and new product development, as indicated in recent investor communications[28] Research and Development - R&D expenses rose by 44.92% to ¥47,604,360.62, attributed to stock option costs and personnel increases[18] - Research and development expenses for Q1 2021 amounted to CNY 68,988,302.39, compared to CNY 47,604,360.62 in the previous period, reflecting a 44.8% increase[42] Compliance and Standards - The company has no violations regarding external guarantees during the reporting period[25] - The company has not undergone an audit for the first quarter report, indicating that the figures are unaudited[62] - The company has implemented new leasing standards starting from 2021, affecting the balance sheet adjustments[56]

Financial Performance - The company's operating revenue for 2020 was approximately ¥954.1 million, representing a year-over-year increase of 5.48% compared to ¥904.5 million in 2019[18]. - The net profit attributable to shareholders for 2020 was approximately ¥247.8 million, a decrease of 16.04% from ¥295.1 million in 2019[18]. - The net profit after deducting non-recurring gains and losses was approximately ¥238.1 million, down 17.97% from ¥290.3 million in 2019[18]. - The basic earnings per share for 2020 was ¥1.43, a decline of 17.34% compared to ¥1.73 in 2019[18]. - The total assets at the end of 2020 were approximately ¥2.29 billion, an increase of 8.24% from ¥2.12 billion at the end of 2019[18]. - The net assets attributable to shareholders at the end of 2020 were approximately ¥1.76 billion, up 15.50% from ¥1.52 billion at the end of 2019[18]. - The net cash flow from operating activities for 2020 was approximately ¥224.5 million, a decrease of 14.97% from ¥264.1 million in 2019[18]. - The weighted average return on equity for 2020 was 15.47%, down from 21.06% in 2019, reflecting a decrease of 5.59%[18]. Dividend Policy - The company plans to distribute a cash dividend of ¥4 per 10 shares to all shareholders, based on the total share capital as of the profit distribution record date[5]. - The cash dividend for 2020 represents 28.17% of the net profit attributable to shareholders, which was 247,775,991.60 CNY[181]. - The total cash dividend for 2020, including other methods, is 69,788,416.00 CNY, which accounts for 100% of the total distributable profit of 114,516,493.74 CNY[182]. - The company has maintained a consistent cash dividend policy over the past three years, with cash dividends accounting for 33.88% in 2018 and 24.02% in 2019 of the net profit attributable to shareholders[181]. - The company has not proposed any stock dividends or capital reserve conversions in the 2020 profit distribution plan[182]. Market and Product Development - The company focuses on five major product systems, including broadband network products and big data operation products, catering to various sectors such as government and enterprises[27]. - The company is actively enhancing its broadband network products, with ongoing upgrades to port density and performance, and is participating in discussions on 5G standards[32]. - The mobile network products are designed for electromagnetic signal analysis and have a broad application in government and enterprise sectors[33]. - The company has established a strong supply chain for its products, ensuring a steady supply of raw materials and manufacturing capabilities[30]. - The company increased R&D investment in the 5G SA field and optimized traditional 4G products, enhancing equipment efficiency and reducing deployment costs[37]. - The company launched a full suite of electromagnetic space security solutions, expanding its target market for mobile network products[37]. - The company has expanded its product offerings in the data application field, enhancing its market coverage and depth with big data operation products and network content security products[70]. Research and Development - The company's R&D investment accounted for 24.82% of revenue, with 750 R&D personnel representing 58.92% of total staff[75]. - Research and development expenses reached 236.83 million yuan, a year-on-year increase of 9.26%, primarily due to stock incentive costs[87]. - The company is focusing on expanding its market presence in key regions through direct sales and tailored solutions[40]. - The company has made significant breakthroughs in core technologies for multi-dimensional traffic classification in wired networks[76]. - The company is committed to improving its management capabilities to address risks associated with growth and scale[168]. Strategic Partnerships and Market Position - The company has established a strategic partnership with the China Academy of Information and Communications Technology to expand its industrial internet security business[48]. - The company has established strategic partnerships with well-known domestic manufacturers to enhance its industrial internet security solutions[62]. - The company is positioned as a leading player in the domestic network visualization infrastructure market, with significant market share and competitive advantages[135]. - The company has established ten localized regional headquarters in the domestic market, increasing its sales and service team to enhance industry and regional coverage[77]. Challenges and Risks - The company has reported uncertainty regarding its ability to continue as a going concern, as indicated in the latest audit report[18]. - The company acknowledges risks from the COVID-19 pandemic affecting international market projects and plans to mitigate these impacts[166]. - Increased competition in the domestic market due to the pandemic and international uncertainties is a concern, prompting the company to enhance its innovation and operational efficiency[167]. Future Outlook - The company provided a revenue guidance for 2021, projecting a growth rate of 25% compared to 2020[188]. - The company plans to enhance its product offerings in broadband networks, including a new generation of high-density interface boards and 5G traffic analysis products, aiming to maintain market leadership[158]. - The company will focus on expanding its market strategy by strengthening resource investment in domestic markets and exploring international markets in line with the "Belt and Road" initiative[155]. - The company plans to invest 200 million RMB in marketing efforts to boost brand awareness in new markets[189].