关于举行 2022 年度业绩说明会的公告 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。 证券代码：002972 证券简称：科安达 公告编号：2023-16 深圳科安达电子科技股份有限公司 深圳科安达电子科技股份有限公司（以下简称"公司"）定于 2023 年 3 月 28 日（星期二）下午 15:30-17:00 在全景网举办 2022 年度业绩说明会，本次年 度业绩说明会将采用网络远程的方式举行，投资者可登陆全景网"全景 ▪ 路演 天下"（http://ir.p5w.net）参与本次年度业绩说明会。 出席本次说明会的人员有：公司总经理张帆、董事会秘书郭泽珊、财务负责 人农仲春。 为充分尊重投资者、提升交流的针对性，现就公司 2022 年度业绩说明会提 前向投资者公开征集问题，广泛听取投资者的意见和建议。投资者可于 2023 年 3 月 28 日前访问 http://ir.p5w.net/zj/，或扫描下方二维码，进入问题征集专 题页面，敬请广大投资者通过全景网系统提交您所关注的问题，便于公司在业绩 说明会上对投资者普遍关注的问题进行回答，提升此次业绩说明会的 ...

Financial Performance - The company reported significant financial metrics, including total revenue and net profit, which are detailed in the financial statements section[10]. - The company's operating revenue for 2022 was approximately ¥366.61 million, a decrease of 8.54% compared to ¥400.85 million in 2021[27]. - The net profit attributable to shareholders for 2022 was approximately ¥122.35 million, down 19.20% from ¥151.41 million in 2021[27]. - The net profit after deducting non-recurring gains and losses was approximately ¥104.29 million, a decline of 23.81% from ¥136.89 million in 2021[27]. - The basic earnings per share for 2022 was ¥0.7007, representing an 18.86% decrease from ¥0.8636 in 2021[27]. - Total operating revenue for 2022 was ¥366,609,523.49, a decrease of 8.54% compared to ¥400,845,732.27 in 2021[68]. - Revenue from the rail transit sector was ¥357,664,251.12, accounting for 97.56% of total revenue, down 8.17% from ¥389,501,317.37 in 2021[68]. - The revenue from the rail transit signal control system was ¥263,697,786.32, representing 71.93% of total revenue, a decline of 12.28% from ¥300,606,320.08 in 2021[68]. - The gross margin for the rail transit sector improved to 68.42%, up 5.92% year-on-year despite an 8.17% decrease in revenue[69]. - The company reported a total revenue of 1.5 billion yuan for the fiscal year 2022, representing a year-over-year increase of 15%[139]. - The company expects a revenue growth of 20% for the upcoming fiscal year, projecting total revenue to reach 1.8 billion yuan[139]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 6 RMB per 10 shares (including tax) and to increase capital by 4 shares per 10 shares from capital reserves[5]. - The company reported a cash dividend amount of 104,533,200.00 CNY, which represents 100% of the total profit distribution[160]. - The company has a policy to distribute at least 10% of the distributable profit to shareholders as cash dividends when conditions are met[157]. - The total distributable profit at the end of the reporting period was 489,442,807.78 CNY[160]. - The company plans to maintain a minimum cash dividend distribution ratio of 20% during profit distribution[161]. Research and Development - The company has engaged in research and development of new products and technologies to maintain competitive advantage[8]. - The company achieved R&D expenses of CNY 42.86 million in 2022, representing 11.69% of total revenue, up from 9.99% in 2021[55]. - The company holds 121 patents, including 41 invention patents, and has been recognized as a national high-tech enterprise[56]. - The company is investing 200 million yuan in R&D for new product development, focusing on smart technology solutions[139]. - The company is working on a comprehensive intelligent diagnostic monitoring platform for railway grounding, expected to launch in 2023[82]. Market Strategy and Expansion - The company is focusing on expanding its market presence and enhancing its core competencies in the electronics sector[8]. - The company is positioned to benefit from national policies supporting urban rail transit construction, with a focus on technological advancements in rail transit equipment[37]. - The company aims to align with the national strategy of "carbon peak and carbon neutrality," focusing on green and low-carbon innovations in rail transit[40]. - The company plans to expand its market presence in the rail transit sector through new product developments and technology applications[82]. - The company plans to explore potential mergers and acquisitions to strengthen its market position and diversify its product portfolio[129]. Corporate Governance - The board of directors has confirmed the accuracy and completeness of the financial report, ensuring no misleading statements or omissions[5]. - The company has established a comprehensive governance structure in compliance with relevant laws and regulations, ensuring transparency and accountability[121]. - The company maintains independent operations in research, production, and sales, with no reliance on the controlling shareholder[125]. - The company has implemented strict information disclosure practices, ensuring timely and accurate communication with shareholders[122]. - The company’s governance structure is deemed to be sound and compliant with relevant laws and regulations, ensuring proper operational independence and information disclosure[172]. Risk Management - The company has outlined potential risk factors in its future development in the management discussion and analysis section[5]. - The company faces risks related to dependence on the rail and metro transportation industry, which could be impacted by fluctuations in government investment and policy changes[115]. - The company is exposed to raw material price volatility risks, particularly for key components like sensors and electronic parts, which could affect procurement costs and profitability[115]. Social Responsibility - The company has reported on its social responsibility initiatives and environmental commitments during the reporting period[9]. - The company actively participated in poverty alleviation and rural revitalization efforts, signing a "one-on-one" assistance agreement with a village in Guangxi and providing necessary funding support[177]. - The company has a social responsibility plan in place for 2022, aligning with its overall development strategy[175]. Financial Management - The company has established a comprehensive internal control management system, effectively covering major operational areas without significant omissions[165]. - The internal control audit report confirmed that the company maintained effective financial reporting internal controls as of December 31, 2022[170]. - The company has committed to ensuring the smooth implementation of its fundraising projects through proper financial management and oversight[101]. - The company is actively managing idle raised funds, which will be returned to the special accounts after cash management periods end[102].

Revenue and Profit - The company's revenue for Q3 2022 was ¥102,690,339.62, representing a year-over-year increase of 21.46%[5] - Net profit attributable to shareholders decreased by 5.65% to ¥30,997,465.23 in Q3 2022[5] - The net profit after deducting non-recurring gains and losses was ¥27,327,890.85, down 10.24% compared to the same period last year[5] - Total operating revenue for Q3 2022 reached ¥303,152,352.97, an increase of 10.5% compared to ¥275,292,472.80 in the same period last year[19] - Net profit for Q3 2022 was ¥100,372,770.70, a decrease of 5.3% from ¥105,713,080.32 in Q3 2021[20] - The total comprehensive income attributable to the parent company was 101,860,369.87 CNY, down from 105,670,101.23 CNY in the previous year[21] Cash Flow - Cash flow from operating activities showed a significant increase of 399.64%, totaling ¥40,232,215.19 year-to-date[5] - Net cash flow from operating activities improved significantly, reaching ¥40,232,215.20, a change of 399.64% from the previous period[11] - The net cash flow from operating activities was 40,232,215.19 CNY, a significant improvement compared to a net outflow of -13,426,789.42 CNY in the same period last year[23] - Cash received from investment activities increased by 42.21% to ¥1,297,000,000.00, attributed to the maturity of structured deposits[11] - The net cash flow from investing activities was -439,673,082.97 CNY, worsening from -371,020,544.64 CNY in the previous year[23] - The net cash flow from financing activities was -65,141,774.19 CNY, compared to -42,022,992.86 CNY in the same period last year[23] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,513,590,212.76, an increase of 6.36% from the end of the previous year[5] - The company's total assets increased to ¥1,513,590,212.76, compared to ¥1,423,069,160.61 at the end of the previous period, reflecting a growth of 6.3%[17] - Current liabilities rose to ¥268,283,131.52, up 57.6% from ¥169,998,003.11 in the previous year[17] - The company's inventory decreased to ¥62,547,715.32 from ¥74,122,143.92, indicating a reduction of 15.7%[16] Earnings and Expenses - The company's basic earnings per share for Q3 2022 was ¥0.1779, a decrease of 6.37% year-over-year[5] - The weighted average return on equity was 2.55%, down 0.19% from the previous year[5] - Research and development expenses for Q3 2022 were ¥33,271,460.17, an increase of 18.5% compared to ¥28,119,059.05 in Q3 2021[20] - The company reported a financial expense of -¥2,183,824.14, showing an improvement compared to -¥5,098,061.97 in the previous year[20] - The company’s financial expenses decreased by 57.16% to -¥2,183,824.14, primarily due to increased income from structured deposits and large certificates of deposit[10] Other Financial Metrics - The company reported a 46.63% increase in notes receivable, amounting to ¥58,984,868.12, due to increased sales receipts[10] - Other income decreased by 31.96% to ¥8,637,024.97, primarily due to reduced tax refunds on embedded software[11] - Total tax payments decreased by 70.45% to ¥12,924,490.29, benefiting from tax deferral policies[11] - Cash paid for dividends and interest surged by 149.06% to ¥87,318,500.00, reflecting an increase in dividend distribution[11] - The company reported a 95.73% decline in non-operating income, totaling ¥16,667.81, due to reduced income[11] - The cash flow impact from exchange rate changes was significant, showing an increase of 4553.84% to ¥1,646,078.75[11] - Asset impairment losses decreased by 49.18% to ¥653,307.61, primarily due to adjustments in credit risk loss provisions[11]

Financial Performance - The company's operating revenue for the first half of 2022 was RMB 200,462,013.35, representing a 5.09% increase compared to RMB 190,747,273.50 in the same period last year [23]. - The net profit attributable to shareholders of the listed company decreased by 4.94% to RMB 69,369,244.88 from RMB 72,971,848.89 year-on-year [23]. - The net profit after deducting non-recurring gains and losses was RMB 60,207,733.99, down 9.62% from RMB 66,616,137.82 in the previous year [23]. - The net cash flow from operating activities improved significantly, reaching RMB 26,030,778.99, compared to a negative RMB 24,953,046.29 in the same period last year, marking a 204.32% increase [23]. - Total assets at the end of the reporting period were RMB 1,444,262,777.98, a 1.49% increase from RMB 1,423,069,160.61 at the end of the previous year [23]. - The net assets attributable to shareholders of the listed company decreased by 2.55% to RMB 1,209,074,419.51 from RMB 1,240,649,298.30 at the end of the previous year [23]. - The basic earnings per share were RMB 0.3965, down 4.23% from RMB 0.414 in the same period last year [23]. - The weighted average return on equity was 5.51%, a decrease of 0.69% from 6.20% in the previous year [23]. Research and Development - The company is actively engaged in research and development of new technologies and products, aiming to expand its market presence [8]. - The company emphasizes R&D through a model of "introduction, digestion, absorption, and innovation," focusing on integrating advanced international technologies [39]. - R&D expenses from 2019 to June 2022 were 19.4 million, 31.4 million, 40.1 million, and 20.5 million RMB, representing 6.05%, 8.72%, 9.99%, and 10.21% of revenue respectively [43]. - The company holds 116 patents, including 37 invention patents, and has been recognized as a "little giant" enterprise by the Ministry of Industry and Information Technology [44]. - The company is focusing on enhancing its R&D budget by 20% to accelerate innovation and product development [108]. Market Position and Strategy - The company has a comprehensive analysis of its main business operations and core competitiveness, indicating a focus on enhancing its market position [8]. - The company is positioned in the rail transit equipment industry, which is supported by national policies aimed at enhancing urban rail transit construction [30]. - The company operates in the rail transit sector, providing products and solutions such as signaling systems and lightning protection systems, with a focus on safety and efficiency [34]. - The company has established a comprehensive marketing network to address the diverse needs of the rail transit market [37]. - The company is planning to expand its market presence in Southeast Asia, targeting a 30% increase in sales in that region by the end of 2023 [108]. Governance and Compliance - The company has established a strong governance framework, ensuring compliance and accountability in its operations [8]. - The company has not faced any administrative penalties related to environmental issues and complies with national environmental protection laws [100]. - The company has committed to not using its assets for unrelated investments or consumption activities [105]. - The company is actively monitoring compliance with all commitments made during the IPO process [105]. Investment and Capital Management - The company reported a total investment of ¥1,337,000,000.00 during the reporting period, marking a 73.19% increase compared to the previous year [66]. - The company has established a special account for the management of raised funds at Chengdu Bank to ensure the smooth implementation of fundraising projects [74]. - The company has committed to using idle funds without affecting normal operations and investment project construction [76]. - The company has not engaged in any securities or derivative investments during the reporting period [68]. Social Responsibility and Community Engagement - The report includes significant environmental and social responsibility initiatives undertaken by the company [8]. - In 2022, the company actively supported pandemic control efforts by forming a dedicated team and donating supplies to frontline workers [102]. - The company emphasizes social responsibility, focusing on investor communication, supplier relationships, and employee welfare [101]. Future Outlook - The management discussed future outlook and performance guidance, indicating a positive growth trajectory for the upcoming periods [8]. - The company provided a positive outlook for the second half of 2022, projecting a revenue growth of 25% based on new product launches and market expansion strategies [108]. - Future guidance indicates an expected EBITDA margin improvement from 18% to 22% over the next fiscal year [108]. Shareholder Information - The company did not distribute cash dividends or issue bonus shares for the half-year period, nor did it increase share capital from capital reserves [96]. - Major shareholders are restricted from transferring or entrusting their shares during the financing period, with compliance ongoing [105]. - The company has established measures to ensure that any share reduction is announced three trading days in advance [105]. Operational Challenges - The COVID-19 pandemic continued to impact the company's normal operations, particularly in the first half of 2022, leading to potential uncertainties in future performance [91]. - The company established a pandemic prevention team to monitor and assess the impact on upstream and downstream enterprises, aiming to minimize adverse effects on operations and development [91]. - The company faces risks related to the dependence on the rail and urban rail transit industries, which could be adversely affected by reduced national investment in these sectors [88].

Financial Performance - The company's operating revenue for 2021 was CNY 400,845,732.27, representing an increase of 11.18% compared to CNY 360,548,160.92 in 2020[20]. - The net profit attributable to shareholders for 2021 was CNY 151,411,212.69, which is a 10.20% increase from CNY 137,393,013.24 in 2020[20]. - The net profit after deducting non-recurring gains and losses was CNY 136,893,387.13, reflecting a 3.43% increase from CNY 132,359,733.18 in 2020[20]. - The company's total assets at the end of 2021 were CNY 1,423,069,160.61, an increase of 8.84% from CNY 1,307,430,818.68 at the end of 2020[21]. - The net assets attributable to shareholders at the end of 2021 were CNY 1,240,649,298.30, up 8.22% from CNY 1,146,444,761.40 at the end of 2020[21]. - The basic earnings per share for 2021 were CNY 0.8636, a 10.72% increase from CNY 0.78 in 2020[20]. - The net cash flow from operating activities for 2021 was CNY 74,767,424.78, a decrease of 8.47% compared to CNY 81,684,464.92 in 2020[20]. - The company reported a total investment of 45,449 million CNY, with a cumulative actual investment of 4,566.88 million CNY, representing 17.4% of the planned investment[87]. - The company achieved a net profit of ¥151,499,134.67 for the year 2021, with a net profit attributable to the parent company of ¥151,411,212.69[147]. Dividends and Shareholder Returns - The company reported a cash dividend of 5.00 RMB per 10 shares, based on a total of 175,121,100 shares, with no stock bonus[5]. - The total distributable profit at the end of 2021 was ¥545,701,775.65, with a cash dividend plan to distribute ¥87,560,550.00, equating to ¥5.00 per 10 shares[145][147]. - The cash dividend amount represents 100% of the total profit distribution, adhering to the company's profit distribution policy[145][147]. - The company plans to maintain the distribution ratio even if the total share capital changes due to various corporate actions[147]. Research and Development - The company has a strong focus on R&D, employing a model of "introduction - digestion - absorption - re-innovation" to enhance its technological capabilities[38]. - R&D expenses from 2019 to 2021 were 19.4 million, 31.4 million, and 40.1 million RMB, representing 6.05%, 8.72%, and 9.99% of total revenue respectively[41]. - The company launched 25 new patents in 2021, including 12 invention patents, enhancing its research and development capabilities[51]. - The company is investing 3 million in research and development for new technologies aimed at improving product efficiency[111]. - The company has committed to increasing R&D investment over the next three years to strengthen its operational framework and support rapid growth[96]. Market Position and Strategy - The company operates in the rail transit sector, providing products and solutions such as axle counting systems and comprehensive lightning protection systems[33]. - The company's core business in the rail transit sector generated revenue of CNY 389,501,317.37, accounting for 97.17% of total revenue, with a year-on-year growth of 11.82%[53]. - The company is positioned to benefit from national policies supporting urban rail transit construction, which is expected to enhance the demand for rail transit equipment[30]. - The company has established stable partnerships with major clients in the rail transit sector, including China Railway Group and various local railway companies[48]. - The company plans to expand its market presence through new product offerings and enhancements in power automation systems, which are anticipated to enhance competitiveness and market share[69]. Risk Management - The company emphasizes the importance of risk factors in its future development discussions[5]. - The company faces risks related to dependence on the rail and subway sectors, which could be impacted by reduced government investment or changes in product demand[98]. - The company is exposed to raw material price volatility risks, particularly for sensors, electronic components, and printed circuit boards, which could affect procurement costs and profitability[99]. Corporate Governance - The company maintains a clear ownership structure and operates independently from its controlling shareholders, ensuring no reliance on them for business operations[107]. - The company has established an independent personnel management system, with all senior management and financial personnel exclusively working for the company[108]. - The company has a robust financial management system in place, ensuring compliance with tax obligations independently from shareholders[108]. - The board of directors held eight meetings during the reporting period, with attendance rates being high among members[130]. - The company has established a fair and reasonable compensation system linked to performance evaluations, ensuring employee motivation[141]. Social Responsibility - The company actively participated in social responsibility initiatives, focusing on investor communication and employee welfare[158]. - In 2021, the company contributed to poverty alleviation efforts by signing a partnership agreement with a village in Guangxi, committing to financial support over three years[159]. - The company emphasized its commitment to environmental protection and energy efficiency in its operations[158]. Internal Control and Compliance - The company has established a comprehensive internal control system, covering key operational areas without significant omissions[149]. - The internal control audit report was disclosed on April 28, 2022, confirming the company's adherence to internal control standards[153]. - The company reported zero financial report major deficiencies and zero non-financial report major deficiencies for the year[156]. - The company has maintained compliance with all regulatory requirements, with no violations reported regarding external guarantees[178]. Employee and Talent Management - The total number of employees at the end of the reporting period was 383, with 196 in technical roles and 102 in production[139]. - The company has a total of 16 employees with a master's degree or higher, and 162 with a bachelor's degree[140]. - The company emphasizes that training is the best investment for the enterprise and the greatest benefit for employees, conducting various training programs to enhance employee skills[142].

Financial Performance - The company's revenue for Q1 2022 was ¥73,897,594.10, representing a 12.53% increase compared to ¥65,671,969.22 in the same period last year[4] - Net profit attributable to shareholders was ¥25,703,091.10, showing a slight increase of 0.05% from ¥25,689,951.20 year-on-year[4] - The net profit after deducting non-recurring gains and losses decreased by 3.22% to ¥23,488,708.34 from ¥24,269,086.91 in the previous year[4] - Total operating revenue for the first quarter was CNY 73,897,594.10, an increase of 12.5% compared to CNY 65,671,969.22 in the previous period[19] - Net profit for the quarter was CNY 25,625,502.70, slightly down from CNY 25,643,146.25 in the same period last year, reflecting a decrease of 0.1%[20] - The total comprehensive income for the period was CNY 25,497,908.75, compared to CNY 25,696,673.07 in the previous period[21] Cash Flow - The net cash flow from operating activities improved significantly, reaching -¥2,616,360.56, an 86.97% increase compared to -¥20,086,647.74 in the same period last year[4] - The net cash flow from operating activities was CNY -2,616,360.56, an improvement from CNY -20,086,647.74 in the previous period[24] - Cash inflow from investment activities totaled 411,637,003.43, marking a 1260.51% increase due to maturing structured deposits[9] - Cash inflow from investment activities was CNY 411,637,003.43, significantly higher than CNY 30,256,047.10 in the previous period[24] - The net cash flow from investment activities was CNY -412,723,766.84, compared to CNY -389,591,687.89 in the previous period[24] - The total cash outflow for investment activities was CNY 824,360,770.27, compared to CNY 419,847,734.99 in the previous period[24] - The net cash flow from financing activities was CNY -459,082.80, worsening from CNY -5,230.49 in the previous period[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,442,267,223.95, a 1.35% increase from ¥1,423,069,160.61 at the end of the previous year[4] - Current assets totaled CNY 1,282,614,021.77, showing a marginal increase of 0.2% from CNY 1,273,108,673.54 at the start of the year[16] - Total liabilities decreased to CNY 175,468,620.14 from CNY 181,768,465.54, indicating a reduction of 3.5%[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,600[11] - The largest shareholder, Guo Fengming, holds 51.92% of the shares, totaling 91,537,190 shares[12] Expenses - Research and development expenses rose by 39.96% to ¥10,320,803.99, up from ¥7,373,977.14, reflecting increased investment in product line expansion and reliability[8] - Sales expenses increased by 35.42% to ¥4,422,641.98 from ¥3,265,873.79, primarily due to higher depreciation and material costs in the marketing network[8] - The company experienced a 1030.81% increase in other operating expenses, amounting to 2,128,082.37, mainly due to increased donations[9] - Total operating costs amounted to CNY 48,494,695.90, up 22.3% from CNY 39,633,852.96 in the prior year[19] Investment Income - Investment income increased by 539.34% to 1,637,003.43, attributed to higher returns from structured deposits[9] - The company reported a total of ¥2,214,382.76 in non-recurring gains, primarily from government subsidies and fair value changes of financial assets[6] Cash and Cash Equivalents - The company experienced a 57.90% decrease in cash and cash equivalents, totaling ¥281,996,744.43, due to investments in bank wealth management products[8] - The ending balance of cash and cash equivalents was CNY 242,241,331.41, down from CNY 277,476,176.40 in the previous period[25]

Financial Performance - The company's operating revenue for Q3 2021 was ¥84,545,199.30, representing a 19.37% increase year-over-year[3] - Net profit attributable to shareholders for the same period was ¥32,855,164.69, up 30.07% compared to the previous year[3] - The basic earnings per share increased by 35.71% to ¥0.19, while diluted earnings per share also rose by 35.71% to ¥0.19[3] - The company reported a net profit of ¥514,741,867.72, up from ¥443,939,074.13 in the previous year, indicating an increase of approximately 15.9%[16] - Net profit for the current period was ¥105,713,080.32, representing a 17.00% increase from ¥90,047,073.72 in the previous period[19] - The total profit for the current period was ¥119,300,281.72, up from ¥103,484,716.34, indicating a growth of 15.00%[19] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,355,029,417.49, reflecting a 3.64% increase from the end of the previous year[3] - Total assets increased from ¥1,307,430,818.68 at the end of 2020 to ¥1,355,029,417.49 by September 30, 2021, an increase of approximately 3.6%[16] - Total liabilities decreased from ¥160,422,582.49 in 2020 to ¥158,485,972.33 in 2021, a reduction of about 1.2%[15] - The company's total equity increased from ¥1,147,008,236.19 at the end of 2020 to ¥1,196,543,445.16 by September 30, 2021, an increase of approximately 4.3%[16] - Total current assets amounted to approximately CNY 1.20 billion as of Q3 2021, showing stability compared to previous periods[25] - Total liabilities reached CNY 160.42 million, with current liabilities comprising a significant portion[26] - The company's total assets were approximately CNY 1.31 billion, demonstrating a solid asset base[27] - Owner's equity totaled CNY 1.15 billion, indicating strong financial health and retained earnings[27] Cash Flow - Cash flow from investment activities showed a net outflow of ¥371,020,544.64, an increase of 48.16% compared to the previous year[8] - Cash flow from operating activities showed a net outflow of ¥13,426,789.42, slightly worse than the previous period's outflow of ¥12,843,662.18[21] - Cash flow from investing activities resulted in a net outflow of ¥371,020,544.64, compared to a net outflow of ¥250,418,919.36 in the previous period[22] - The company reported a cash and cash equivalents balance of ¥260,600,345.58 at the end of the period, down from ¥351,668,525.96 in the previous period[22] - The company's cash and cash equivalents decreased from ¥708,193,796.58 at the end of 2020 to ¥244,214,136.29 by September 30, 2021, a decline of approximately 65.5%[13] Research and Development - Research and development expenses for the quarter amounted to ¥28,119,059.05, a 38.30% increase compared to the same period last year[8] - Research and development expenses increased significantly to ¥28,119,059.05, compared to ¥20,332,643.41, marking a rise of 38.38%[17] Shareholder Information - Total number of common shareholders at the end of the reporting period is 13,139[10] - The largest shareholder, Guo Fengming, holds 51.92% of shares, totaling 91,537,190 shares[10] - The company has a share buyback account holding 1,198,900 shares, accounting for 0.68% of the total share capital[11] Inventory and Accounts Receivable - Accounts receivable increased from ¥312,460,292.05 in 2020 to ¥388,996,552.00 in 2021, representing a growth of about 24.4%[14] - Inventory decreased from ¥104,339,164.83 in 2020 to ¥95,306,719.53 in 2021, a decline of about 8.7%[14] Other Considerations - The company has not undergone an audit for the Q3 report, which may affect investor confidence[27] - The implementation of new leasing standards starting in 2021 may impact future financial reporting[27] - The company reported a non-current asset total of CNY 111.96 million, showing investment in long-term resources[25] - The company maintained a cash balance of CNY 708.19 million, providing liquidity for operations[24]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 190,747,273.50, representing a 10.50% increase compared to CNY 172,615,171.98 in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2021 was CNY 72,971,848.89, up 12.43% from CNY 64,902,336.30 in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 66,616,137.82, reflecting a 2.86% increase from CNY 64,766,637.25 year-on-year[20]. - The basic earnings per share for the first half of 2021 was CNY 0.414, an increase of 11.89% compared to CNY 0.37 in the same period last year[20]. - The total comprehensive income attributable to the parent company for the first half of 2021 was CNY 72,800,993.18, an increase from CNY 65,193,256.61 in the previous year[133]. - The total profit for the first half of 2021 was CNY 83,045,080.07, compared to CNY 75,112,771.64 in the same period of 2020, marking an increase of 10.5%[135]. - The company reported a net profit of CNY 9,954,527.48 from other income, compared to CNY 4,288,313.79 in the previous year, an increase of 132.1%[130]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,308,134,888.19, a slight increase of 0.05% from CNY 1,307,430,818.68 at the end of the previous year[20]. - The net assets attributable to shareholders at the end of the reporting period were CNY 1,163,224,795.58, which is a 1.46% increase from CNY 1,146,444,761.40 at the end of the previous year[20]. - The company's total assets as of June 30, 2021, were CNY 1,294,431,365.23, slightly down from CNY 1,309,664,931.29 at the end of 2020[128]. - Total liabilities decreased to CNY 158,608,095.21 from CNY 182,740,682.70, indicating a reduction of 13.2%[129]. - The total assets of the company at the end of the period were 1,076,000,000.00 CNY[150]. Cash Flow - The net cash flow from operating activities was negative CNY 24,953,046.29, a decline of 27.96% compared to negative CNY 19,500,822.23 in the same period last year[20]. - The company's cash flow from financing activities decreased by 33.65% year-on-year, mainly due to an increase in dividend distribution[53]. - The company experienced a net decrease in cash and cash equivalents of -374,317,055.01 CNY, compared to -99,326,843.00 CNY in the previous period[141]. - The total cash outflow from investment activities was 788,932,067.62 CNY, compared to 50,527,828.47 CNY in the previous period, indicating a substantial increase in investment expenditures[141]. Research and Development - The company's R&D expenses from 2018 to June 2021 were 14.69 million, 19.40 million, 31.45 million, and 18.22 million RMB, representing 5.47%, 6.05%, 8.72%, and 9.55% of revenue respectively[38]. - Research and development investment increased significantly by 74.40% to ¥18,221,909.64, reflecting the company's commitment to enhancing its R&D projects[47]. - The company has a strong innovation capability, with 32.77% of its employees engaged in R&D, including 14 senior engineers[38]. - The company has successfully developed new products such as the switch snow melting system and stray current monitoring protection system, enhancing its product line in the rail transit operation and maintenance sector[40]. Market Position and Strategy - The company has established long-term stable partnerships with major clients, including China Railway Group and various local rail transit companies, enhancing its market position[45]. - The company follows a "sales-driven production" model, ensuring that production plans are aligned with sales contracts and customer demands[30]. - The rail transit equipment industry in China is supported by national policies, with a projected total scale of 700,000 kilometers for the national comprehensive transportation network by 2035, including 200,000 kilometers of railways[35]. - The company has developed a robust quality management system, having obtained multiple certifications including ISO9001, ISO14001, and CMMI Level 3, ensuring product safety and reliability throughout the project lifecycle[43]. Risks and Challenges - The management has outlined potential risks and corresponding measures in the report, which investors should pay attention to[4]. - The company faces risks from raw material price volatility, particularly for sensors and electronic components, which could impact procurement costs[67]. - The ongoing COVID-19 pandemic poses uncertainties for future operational performance, with the company actively monitoring its impact[68]. Shareholder Information - The company repurchased a total of 1,198,900 shares, accounting for 0.68% of the total share capital, with a total transaction amount of RMB 20,999,889.23[106]. - The largest shareholder, Guo Fengming, holds 51.92% of the total shares, amounting to 91,537,190 shares[108]. - The total number of ordinary shareholders was 13,713[108]. Compliance and Governance - The financial report for the first half of 2021 was not audited[120]. - The company has not reported any discrepancies between financial reports prepared under international accounting standards and those under Chinese accounting standards[21]. - The company's financial report was approved by the board on August 17, 2021, ensuring compliance with regulatory requirements[157].

Financial Performance - The company's operating revenue for 2020 was ¥360,548,160.92, representing a 12.38% increase compared to ¥320,820,617.99 in 2019[17]. - The net profit attributable to shareholders for 2020 was ¥137,393,013.24, which is a 10.89% increase from ¥123,899,827.73 in 2019[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥132,359,733.18, up by 9.93% from ¥120,404,153.71 in 2019[17]. - The net cash flow from operating activities for 2020 was ¥81,684,464.92, an increase of 4.26% from ¥78,344,996.55 in 2019[17]. - The total assets at the end of 2020 were ¥1,307,430,818.68, reflecting a 7.25% increase from ¥1,219,082,451.74 at the end of 2019[18]. - The net assets attributable to shareholders at the end of 2020 were ¥1,146,444,761.40, which is a 10.61% increase from ¥1,036,445,328.93 at the end of 2019[18]. - The basic earnings per share for 2020 was ¥0.78, down by 17.02% from ¥0.94 in 2019[17]. - The diluted earnings per share for 2020 was also ¥0.78, reflecting the same decrease of 17.02% from ¥0.94 in 2019[17]. - The weighted average return on equity for 2020 was 12.61%, a decrease of 10.97% from 23.58% in 2019[17]. - The company reported a total of ¥5,033,280.06 in non-recurring gains for 2020, compared to ¥3,495,674.02 in 2019[23]. Business Operations - The company operates primarily in the rail transit sector, providing products, services, and system solutions, including axle counting systems and comprehensive lightning protection systems[26]. - The company has multiple wholly-owned subsidiaries, enhancing its operational capabilities across different sectors[9]. - The company utilizes a "make-to-order" production model, ensuring that production aligns with sales contracts and customer demands[31]. - The company has established a comprehensive marketing network, utilizing both direct sales and partnerships with system integrators for its products[32]. - The company has a dedicated investor relations team to manage communications and disclosures effectively[14]. - The company has established a comprehensive service system centered in Shenzhen, with branches in major cities to ensure rapid market response and customer service[41]. Research and Development - The company has a strong focus on R&D, with significant improvements in technology and a complete manufacturing and service system in the rail transit equipment sector[28]. - The company has invested in R&D with expenses of RMB 14.69 million, RMB 19.40 million, and RMB 31.45 million for the years 2018, 2019, and 2020, representing 5.47%, 6.05%, and 8.72% of revenue respectively[37]. - The company has a strong R&D team of 117 members, with 11.97% being senior engineers, and R&D personnel making up 31.88% of total employees[37]. - The company has achieved CRCC certification for its axle counting equipment and URCC certification for urban rail equipment, marking it as a pioneer in these certifications[39]. - The company plans to enhance its R&D, production, and internal control management over the next three years, laying a solid foundation for rapid growth[86]. Market Position and Strategy - The company has established stable partnerships with major clients, including China Railway Group and various local rail transit companies, enhancing its market position[43]. - The company aims to become a global leader in high-end equipment and system solutions for rail transit control and operation protection through technological innovation[85]. - The company is pursuing a dual-driven strategy of "internal growth" and "external growth" to enhance its core competitiveness[85]. - The company is actively seeking quality domestic and foreign companies for acquisition, merger, strategic alliances, and technology cooperation to extend its industry chain[85]. - The company aims to optimize its product system by innovating existing products and developing new ones, including a smart monitoring and diagnostic system for rail transit using big data, AI, 5G, and cloud computing technologies[86]. Shareholder and Dividend Information - The company reported a profit distribution plan of 2 RMB per 10 shares for all shareholders, based on a total of 175,121,100 shares[4]. - The company’s cash dividends for 2020 represent 25.49% of the net profit attributable to ordinary shareholders[96]. - The total cash dividend proposed for 2020 is CNY 35,024,220, with a distribution of CNY 2 per 10 shares (including tax)[97]. - The company has committed to maintaining a minimum cash dividend ratio of 20% during significant capital expenditure arrangements[97]. - The company has established a three-year dividend return plan for shareholders following its IPO[106]. Compliance and Governance - The company has a comprehensive financial report that has been verified for accuracy and completeness by its management team[3]. - The company has organized 10 board meetings and 9 supervisory meetings in 2020, ensuring compliance with legal procedures[141]. - The company is committed to ensuring compliance with regulatory requirements and will publicly disclose any unfulfilled commitments along with reasons[107]. - The company will accept social supervision regarding its commitments and actions taken to protect investor interests[108]. - The company has not experienced any significant litigation or arbitration matters during the reporting period[122]. Social Responsibility and Environmental Impact - The company actively participated in social welfare and poverty alleviation efforts, contributing through consumption assistance and donations[166]. - The company has achieved ISO 14000 environmental management system certification in 2015, focusing on resource efficiency and pollution reduction[162]. - The company has not been classified as a key pollutant discharge unit by environmental protection authorities, adhering to relevant laws and regulations[171]. - The company has established strong relationships with government and industry associations, contributing to local economic development[163].

Financial Performance - Revenue for Q1 2021 reached ¥65,671,969.22, an increase of 15.75% compared to ¥56,736,374.84 in the same period last year[8] - Net profit attributable to shareholders was ¥25,689,951.20, reflecting a growth of 33.90% from ¥19,185,549.72 year-over-year[8] - Net profit excluding non-recurring items was ¥24,269,086.91, up 26.68% from ¥19,158,004.73 in the previous year[8] - Basic earnings per share increased to ¥0.15, a rise of 36.36% compared to ¥0.11 in the same quarter last year[8] - Net profit increased by 33.83% to ¥25,643,146.25, driven by higher operating income and increased software tax refunds[16] - Total operating revenue for Q1 2021 was CNY 65,671,969.22, an increase from CNY 56,736,374.84 in the previous period[39] - Net profit for Q1 2021 reached CNY 25,643,146.25, compared to CNY 19,160,931.81 in the same period last year, reflecting a growth of approximately 33.1%[41] - The company reported a total comprehensive income of CNY 25,696,673.07 for Q1 2021, up from CNY 19,452,534.22 in the same period last year[42] - Total comprehensive income for the first quarter was CNY 23,099,087.97, compared to CNY 19,662,865.74 in the previous year, representing an increase of approximately 17.3%[46] Cash Flow and Liquidity - The net cash flow from operating activities was -¥20,086,647.74, worsening by 87.82% from -¥10,694,830.31 year-over-year[8] - Operating cash flow decreased by 87.82% to -¥20,086,647.74, due to reduced collections and increased payroll and tax expenses[16] - Cash and cash equivalents decreased by 56.72% to ¥306,502,192 due to increased investment in bank wealth management products[16] - Cash and cash equivalents at the end of the period decreased to CNY 277,476,176.35 from CNY 620,376,348.10, a decline of approximately 55.3%[50] - The company reported a net decrease in cash and cash equivalents of CNY 409,701,861.90, compared to a decrease of CNY 24,139,123.05 in the prior year[50] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,309,310,606.99, a slight increase of 0.14% from ¥1,307,430,818.68 at the end of the previous year[8] - The company's current assets decreased to CNY 1,162,580,503.60 from CNY 1,195,466,255.41, representing a decline of approximately 2.76%[30] - Accounts receivable increased to CNY 338,007,837.71 from CNY 312,460,292.05, reflecting a growth of approximately 8.2%[30] - Total liabilities increased significantly, with a notable rise in accounts receivable leading to a 111.72% increase in credit impairment losses[16] - The total liabilities decreased to CNY 157,602,436.73 from CNY 160,422,582.49, a reduction of about 1.1%[32] - Total liabilities rose from CNY 160,422,582.49 to CNY 175,282,484.69, indicating an increase of about 9.4%[57] Shareholder Information - The company reported a total of 14,374 common shareholders at the end of the reporting period[12] - The largest shareholder, Guo Fengming, holds 51.92% of the shares, totaling 91,537,190 shares[12] - The company repurchased a total of 1,198,900 shares, accounting for 0.68% of total share capital, at a total cost of approximately ¥20,999,889.23[18] Research and Development - R&D expenses rose by 59.93% to ¥7,373,977.14, reflecting increased investment in research and development[16] - Research and development expenses rose significantly from CNY 4,610,743.26 to CNY 7,373,977.14, marking an increase of approximately 59.5%[40] Tax and Other Income - Tax refunds received increased by 220.49% to ¥3,447,498.35, primarily from embedded software tax refunds[16] - Other income for Q1 2021 was CNY 5,366,942.02, compared to CNY 1,331,541.94 in the previous period, indicating a substantial increase[40] Future Outlook - The company plans to continue focusing on market expansion and new product development to drive future growth[41]