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 证券代码：003005 证券简称：竞业达 北京竞业达数码科技股份有限公司 投资者关系活动记录表 编号：2022-003 | --- | --- | --- | |----------------|--------|------------------------------| | | | | | 参与单位名称及 | 姓名 | 公司 | | 人员姓名 | 邬安沙 | 源乘投资 | | | 孟庆锋 | 磐厚 | | | 郭乐颖 | 谢诺辰阳 | | | 李行杰 | 光大资管 | | | 丁凡伦 | 深圳民森投资有限公司 | | | 刘亚洲 | 安信证券资产管理有限公司 | | | 林茵 | 中科沃土 | | | 胡卫兵 | 华夏基金 | | | 章溢漫 | 和谐汇一 | | | 孟灿 | 国金证券 | | | 江耀堃 | 东吴基金 | | | 汤开宏 | 银鹭投资 | | | 程海泳 | 华夏财富创新投资管理有限公司 | | | 姚梦晓 | 五地投资 | | | 肖知雨 | 长江证券自营 | | ...

Financial Performance - The company's revenue for Q3 2022 was ¥70,898,433.83, a decrease of 42.89% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥8,161,917.00, representing a decline of 153.12% year-on-year[5]. - The basic earnings per share for the period was -¥0.0550, down 137.93% from the previous year[5]. - The company's total revenue for the first nine months of 2022 was ¥253,641,297.77, down 45.13% from the same period in 2021[9]. - Total operating revenue for the current period is $253.64 million, a decrease of 45.1% compared to $462.25 million in the previous period[18]. - Operating profit for the current period is $19.26 million, a decline of 83.2% from $114.56 million in the previous period[19]. - Net profit for the current period is $22.65 million, a decrease of 77.9% compared to $102.30 million in the previous period[20]. - Basic and diluted earnings per share for the current period are $0.1560, down from $0.9717 in the previous period[20]. Assets and Liabilities - Total assets at the end of the period were ¥1,816,375,491.24, a decrease of 6.57% from the end of the previous year[5]. - The company's total current assets as of September 30, 2022, amount to ¥1,341,754,909.08, a decrease from ¥1,509,990,356.04 at the beginning of the year[15]. - The company's total assets as of September 30, 2022, are ¥1,816,375,491.24, down from ¥1,944,083,760.30 at the beginning of the year[16]. - Total liabilities decreased from ¥482,035,636.58 to ¥363,480,467.16 during the reporting period[16]. - The company's equity attributable to shareholders decreased from ¥1,461,207,504.75 to ¥1,452,560,412.02[16]. Cash Flow - The company reported a cash flow from operating activities net amount of -¥73,112,309.07, a decrease of 2.83% year-to-date[5]. - Cash flow from operating activities for the current period is negative at -$73.11 million, slightly improved from -$75.24 million in the previous period[22]. - Cash flow from investing activities shows a net outflow of -$249.44 million, compared to -$615.14 million in the previous period[22]. - Cash and cash equivalents at the end of the period stand at $274.61 million, an increase from $156.70 million in the previous period[22]. - The cash and cash equivalents decreased from ¥676,965,221.90 to ¥316,627,446.20[14]. - The company's cash and cash equivalents decreased by 53.23% to ¥316,627,446.20 compared to the beginning of the period[9]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 12,985[12]. - The largest shareholder, Qian Rui, holds 29.27% of shares, totaling 43,435,000 shares[12]. Other Financial Metrics - The company experienced a significant increase in long-term deferred expenses, rising by 29,300.32% due to increased property renovation costs[9]. - The company's investment income decreased by 80.01% year-on-year, totaling ¥2,645,033.97 for the first nine months of 2022[10]. - Other income for the current period is $10.48 million, significantly higher than $3.34 million in the previous period[19]. - Inventory increased from ¥143,689,400.28 to ¥171,435,966.93, indicating a growth of approximately 19.3%[15]. - The accounts receivable increased slightly from ¥287,545,309.24 to ¥291,796,962.45[15]. Business Development - The company has ongoing development in new technologies and products, although specific details were not disclosed in the provided content[12]. - The company has not reported any new product launches or significant market expansions during this period[23].

Financial Performance - The company reported a revenue of 500 million yuan for the first half of 2022, representing a 15% increase compared to the same period last year[12]. - The net profit attributable to shareholders was 80 million yuan, up 20% year-on-year[12]. - The company's revenue for the first half of 2022 was ¥182,742,863.94, a decrease of 45.95% compared to ¥338,101,925.07 in the same period last year[18]. - Net profit attributable to shareholders was ¥31,314,824.27, down 64.27% from ¥87,635,037.58 year-on-year[18]. - The company reported a significant drop in net profit after deducting non-recurring gains and losses, which was ¥20,581,799.58, down 74.59% from ¥80,993,257.40 in the previous year[18]. - The company's total comprehensive income for the first half of 2022 was CNY 31,314,248.82, a decrease of 4.2% compared to the previous period[168]. - The total comprehensive income for the first half of 2022 was CNY 31.07 million, down 64.5% from CNY 87.25 million in the first half of 2021[157]. - The company reported a total revenue of 1.5 billion RMB for the first half of 2022, representing a year-over-year increase of 20%[103]. Market Strategy and Expansion - The company has outlined a market expansion strategy targeting tier-2 cities, aiming for a 30% increase in market share by 2023[12]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[107]. - The company aims to expand its market presence by developing new digital products and optimizing its service matrix in response to government investments in education and transportation[28]. - The company is actively integrating technology with educational services, supporting hybrid teaching solutions for various universities and schools during the pandemic[95]. - The company is implementing a city partner program to strengthen brand and channel development, aiming to expand market reach and sales scale[43]. Research and Development - The company plans to invest 100 million yuan in R&D for new product development in the next fiscal year[12]. - Research and development expenses were ¥20,415,556.42, down 12.92% from ¥23,445,861.03[50]. - Research and development expenses increased by 30%, totaling 200 million RMB, focusing on new technology innovations[106]. - The company is focusing on integrating AIoT technologies into its product offerings to improve service efficiency[12]. - The company is leveraging AI and big data to enhance examination safety and intelligent assessment, driving innovation in its product line[36]. Operational Efficiency and Challenges - Risk management strategies have been implemented to address potential market fluctuations and operational challenges[12]. - The ongoing COVID-19 pandemic poses risks to market activities and project delivery, potentially delaying recovery in the service sector[82]. - Increased competition in the education and urban rail transit sectors is anticipated, with the company aiming to maintain its leading position through high-quality digital solutions[83]. - Revenue may exhibit seasonal fluctuations due to project implementation cycles and government funding management, affecting financial predictability[84]. Shareholder and Governance - No cash dividends or stock bonuses will be distributed to shareholders this year[4]. - The governance structure includes a board of directors and supervisory board to protect shareholder rights and ensure compliance with regulations[96]. - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of listing, which began on September 22, 2020[99]. - Major shareholders are restricted from transferring more than 25% of their shares during their tenure and for 6 months after leaving their positions[100]. - The company is actively managing its shareholder commitments to enhance investor confidence and market stability[99]. Financial Position and Cash Flow - The total assets at the end of the reporting period were ¥1,836,130,738.25, a decrease of 5.55% from ¥1,944,083,760.30 at the end of the previous year[18]. - Cash and cash equivalents decreased by 8.42% to CNY 484,650,768.25, primarily due to cash management activities during the reporting period[59]. - The company has maintained a strong cash position, with cash reserves amounting to 500 million RMB, ensuring liquidity for future investments[111]. - The company's operating cash flow for the first half of 2022 was negative at -64,486,251.94 yuan, an improvement from -78,725,952.73 yuan in the same period of 2021, indicating a reduction in cash outflow[162]. - The total cash inflow from operating activities decreased to 223,994,562.66 yuan, down 22.2% from 287,871,180.14 yuan in the first half of 2021[162]. Project and Product Development - The company has been awarded several new projects, including a "5G+ Smart Transportation Talent Training Integration Application Innovation Project," indicating its advanced capabilities in digital education integration[31]. - The company has successfully applied its identity verification examination terminal in various provinces, enhancing the security of examination processes[35]. - The company launched the "Cloud Examination Room Solution" to support candidates in quarantine areas during the pandemic, ensuring examination accessibility[35]. - The company has developed new products such as the "Physics, Chemistry, and Biology Experiment Operation Examination Management System" and "Intelligent Video Behavior Analysis System," broadening its service offerings[37]. Future Outlook - Future guidance indicates an expected revenue growth of 10-15% for the second half of 2022[12]. - The company expects a revenue growth of 25% for the second half of 2022, driven by new product launches and market expansion strategies[105]. - The company has set a performance guidance for the next quarter, anticipating a continued upward trend in revenue and profitability[168]. - The company plans to enhance its market expansion strategies and invest in new product development to drive future growth[168].

北京竞业达数码科技股份有限公司 2022 年第一季度报告全文 证券代码：003005 证券简称：竞业达 公告编号：2022-021 北京竞业达数码科技股份有限公司 2022 年第一季度报告 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.第一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 | | 本报告期 | 上年同期 | 本报告期比上年同期增 | | --- | --- | --- | --- | | | | | 减 | | 营业收入（元） | 37,747,956.79 | 136,648,510.24 | -72.38% | | 归属于上市公司股东的净利润（元） | -12,665 ...

Financial Performance - The company's operating revenue for 2021 was ¥657,395,657.27, representing a 9.44% increase compared to ¥600,682,252.57 in 2020 [23]. - The net profit attributable to shareholders for 2021 was ¥124,359,417.18, a decrease of 15.92% from ¥147,911,853.61 in 2020 [23]. - The net profit after deducting non-recurring gains and losses was ¥103,519,169.80, down 26.05% from ¥139,986,698.61 in 2020 [23]. - The net cash flow from operating activities was ¥32,293,880.57, a significant decline of 55.32% compared to ¥72,283,635.40 in 2020 [23]. - The total assets at the end of 2021 were ¥1,944,083,760.30, an increase of 3.69% from ¥1,874,970,676.45 at the end of 2020 [24]. - The net assets attributable to shareholders at the end of 2021 were ¥1,461,207,504.75, reflecting a growth of 6.35% from ¥1,373,948,087.57 at the end of 2020 [24]. - The basic earnings per share for 2021 was ¥1.1732, a decrease of 31.69% from ¥1.7174 in 2020 [23]. - The weighted average return on equity for 2021 was 8.66%, down from 20.43% in 2020, indicating a decline of 11.77% [23]. - The company achieved a sales revenue of RMB 657 million in 2021, representing a growth of 9.44% compared to the previous year [81]. - The net profit for the company was RMB 124 million, with a net profit margin of 18.82%, maintaining a high level within the industry [81]. Market Expansion and Strategy - The company aims to expand its market presence and enhance its product offerings, focusing on the development of MEMS sensors, which are characterized by their small size, low cost, and high reliability [15]. - The company aims to leverage digital solutions in education and transportation sectors, aligning with national strategies for digital economy growth [34]. - The company is focusing on expanding its smart classroom and smart campus services to enhance its core competitiveness [180]. - The company plans to increase investments in the new infrastructure for education, particularly in differentiated services for smart classrooms [180]. - The company is exploring opportunities for mergers and acquisitions to expand its market share [180]. - The company is committed to building a new ecosystem for smart examination and assessment, leveraging advanced technologies to ensure fairness and efficiency in the examination process [164]. - The company is focusing on creating a dynamic balance between supply and demand, aiming to lead in the smart education and smart rail sectors [164]. - The company is actively seeking quality partners to expand its technology and product offerings, aiming for rapid market expansion [170]. Research and Development - Continuous investment in R&D is aimed at integrating emerging technologies with industry needs, enhancing product offerings and supporting long-term growth [74]. - The company has established a high-end think tank composed of industry experts to drive the development of big data services [80]. - The number of R&D personnel increased to 170 in 2021, representing a growth of 21.43% compared to 140 in 2020 [134]. - R&D investment amounted to ¥47,884,364.09 in 2021, a 15.40% increase from ¥41,493,777.76 in 2020 [135]. - The company is focusing on the development of integrated digital IoT sensors, which are designed for low power consumption and edge data processing [132]. - The company is committed to improving the overall quality of education through data-driven insights and personalized learning solutions [127]. - The company plans to increase core technology investment and deepen research in key areas such as cloud computing, AIoT, and big data to enhance customer value [167]. Product Development and Innovation - The company has developed intelligent products and solutions for rail transit since 2017, covering operation command, safety, management, and service platforms [53]. - The company has developed a comprehensive management platform for national education examinations, integrating various operational systems for efficiency [61]. - The company has developed a series of ecological products based on AI and big data to enhance the smart teaching ecosystem [94]. - The company is focusing on integrating technology with teaching to create a boundaryless classroom, supporting online and offline hybrid teaching [94]. - The company has completed the development of a standardized inspection system for real-time video streaming, enabling video encoding and frame extraction functionalities [128]. - The company is developing laser radar technology, which is expected to provide a competitive advantage in the market [180]. Governance and Compliance - The company maintains a strong governance structure, ensuring compliance with relevant laws and regulations [183]. - The company emphasizes respect for stakeholders' rights, aiming for a balance of interests among shareholders, employees, and society [190]. - The internal control system has been continuously improved to enhance governance and operational efficiency, aligning with regulatory requirements [192]. - The company maintains independence from its controlling shareholders in terms of business operations, personnel, assets, and finances [194]. - The company has a complete and independent financial management system, ensuring no interference from shareholders in financial decisions [195]. Challenges and Risks - The company anticipates risks from macroeconomic pressures, including demand contraction and supply shocks, and will adjust strategies accordingly [173]. - The company recognizes the potential impact of recurring COVID-19 outbreaks on market activities and sales, and will track customer demand to mitigate adverse effects [174]. - The company faces intensified market competition but maintains a leading position in niche markets due to its established customer resources and industry experience [176]. - The company acknowledges revenue volatility risks due to project implementation cycles and seasonal fluctuations in project acceptance [177].

证券代码：003005 证券简称：竞业达 公告编号：2021-053 北京竞业达数码科技股份有限公司 北京竞业达数码科技股份有限公司 2021 年第三季度报告 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 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 124,150,897.09 | -37.32% | 462,252,822.16 | ...

Financial Performance - The company's operating revenue for the current period is ¥338,101,925.07, representing a 15.15% increase compared to ¥293,607,791.97 in the same period last year[19]. - The net profit attributable to shareholders for the current period is ¥87,635,037.58, an increase of 8.26% from ¥80,945,321.51 in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is ¥80,993,257.40, up 5.56% from ¥76,729,841.66 year-on-year[19]. - The company's revenue from the smart rail segment surged by 87.73% to ¥107,337,373.37, while revenue from the smart education segment decreased by 3.36% to ¥215,916,799.63[77]. - The smart education business generated revenue of 215.92 million yuan in the first half of 2021[56]. - The company achieved operating revenue of 338.10 million yuan, a year-on-year increase of 15.15%[56]. - The net profit attributable to shareholders was 87.63 million yuan, reflecting a year-on-year growth of 8.26%[56]. Cash Flow and Liquidity - The net cash flow from operating activities is -¥81,701,729.06, a significant decrease of 651.98% compared to ¥14,801,668.37 in the same period last year[19]. - The company's cash and cash equivalents decreased to ¥439,853,624.95, down 26.92% from ¥929,289,192.95 at the end of the previous year[82]. - The company reported a net cash increase of -¥491,567,590.72, a drastic change of -1,562.48% compared to the previous period[75]. - The total cash and cash equivalents at the end of the first half of 2021 were CNY 393,152,423.46, down from CNY 884,720,014.18 at the beginning of the period[168]. - The net cash flow from operating activities for the first half of 2021 was -100,309,370.03 CNY, compared to -13,612,730.86 CNY in the first half of 2020, indicating a significant decline[171]. Research and Development - R&D investment increased by 37.42% year-on-year to 23.45 million yuan, with 13 new patents and 57 software copyrights obtained during the reporting period[68]. - The company increased R&D investment to address issues in exam grading standards and personnel shortages, launching intelligent assessment systems for science experiments and physical education[35]. - Research and development expenses rose by 37.42% to ¥23,445,861.03, reflecting increased investment in R&D initiatives[75]. - Research and development expenses for the first half of 2021 were CNY 23.45 million, up 37.5% from CNY 17.06 million in the same period of 2020[157]. Business Segments and Innovations - The company is focused on digital transformation solutions in the smart education, smart rail, and industrial IoT sectors, leveraging proprietary technology and products[26]. - The smart education segment includes a comprehensive teaching cloud platform and various smart classroom solutions aimed at improving educational quality[28]. - The company has developed a smart examination solution based on deep learning and computer vision, achieving breakthroughs in behavior analysis and tracking systems, with pilot implementations in multiple provinces[33]. - The smart training business aims to enhance vocational education through integrated solutions, focusing on automotive assembly, urban rail transit, and intelligent manufacturing[36]. - The company has developed over 40 training products for vocational education, including modular hardware and training platforms for various industries[37]. - The company has created a video comprehensive business system and a security system to support safe and efficient operations in urban rail transit, addressing the growing demand in the market[40]. Market Position and Strategy - The company has established itself as a leading provider in the national education examination information technology sector, serving millions of stakeholders annually[32]. - The company has successfully implemented smart classroom projects in several universities and schools, including Beijing University of Aeronautics and Astronautics and Beijing Normal University[59]. - The company is focusing on the construction of smart classrooms as part of the "Education New Infrastructure" initiative, which aims to enhance educational information technology[57]. - The company has secured new contracts for various rail transit projects, including the Suzhou Metro Line 8 and Xi'an Metro Line 16, enhancing its market presence[65]. - The company emphasizes the importance of strategic partnerships and expanding marketing channels to overcome market development bottlenecks[94]. Financial Reporting and Governance - The financial report is guaranteed to be true, accurate, and complete by the company's responsible persons[3]. - The management team is responsible for ensuring the accuracy of the financial reports presented[3]. - The company maintains a commitment to transparency through regular disclosures in designated newspapers and online platforms[18]. - The half-year financial report has not been audited[112]. - The company has not reported any significant changes in its profit structure or sources during the reporting period[75]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 14,687[135]. - Major shareholders include Qian Rui with 29.27% and Jiang Yuandong with 25.83% of the shares[135]. - The total number of shares is 106,000,000, with 75% being restricted shares[133]. - There were no significant changes in shareholding structure during the reporting period[134]. Risks and Challenges - The company faces risks from intensified market competition and high customer concentration, particularly in its smart rail business[94]. - The company acknowledges potential revenue volatility due to the nature of its project implementation cycles and seasonal characteristics[96]. - The ongoing COVID-19 pandemic presents both risks and opportunities, with increased demand for smart education and rail products[97].

[Important Notice](index=2&type=section&id=Item%201.%20Important%20Notice) [Statement on Report Authenticity](index=2&type=section&id=Item%201.1.%20Statement%20on%20Report%20Authenticity) The company's board, supervisory board, and senior management ensure the quarterly report's truthfulness, accuracy, and completeness, assuming legal responsibility, with all directors attending the review meeting - The company's board, supervisory board, directors, supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report and assume corresponding legal responsibility[4](index=4&type=chunk) - All directors attended the board meeting to review this quarterly report[5](index=5&type=chunk) - The company's head, chief accountant, and head of accounting department jointly declare that the financial statements in the quarterly report are true, accurate, and complete[5](index=5&type=chunk) [Company Overview](index=3&type=section&id=Item%202.%20Company%20Overview) [Key Accounting Data and Financial Indicators](index=3&type=section&id=Item%202.1.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) In Q1 2021, the company achieved significant performance growth with operating revenue surging 365.46% YoY and net profit attributable to shareholders turning profitable, despite increased operating cash outflow Key Financial Performance (Yuan) | Indicator | Current Period | Prior Year Period | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue (Yuan) | 136,648,510.24 | 29,357,596.82 | 365.46% | | Net Profit Attributable to Shareholders (Yuan) | 26,812,540.77 | -13,323,873.62 | 301.24% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Gains/Losses) (Yuan) | 23,615,235.29 | -13,222,422.92 | 278.60% | | Net Cash Flow from Operating Activities (Yuan) | -87,263,645.97 | -54,854,275.67 | 59.08% | | Basic Earnings Per Share (Yuan/Share) | 0.2529 | -0.1676 | 250.89% | | Total Assets (Yuan) | 1,812,009,492.98 | 1,874,970,676.45 | -3.36% (vs. end of prior year) | | Net Assets Attributable to Shareholders (Yuan) | 1,400,760,628.35 | 1,373,948,087.57 | 1.95% (vs. end of prior year) | Non-recurring Gains and Losses (Yuan) | Item | Amount from Year-Beginning to Period-End (Yuan) | | :--- | :--- | | Gains/Losses from Disposal of Non-current Assets | -1,403.26 | | Government Grants Included in Current Profit/Loss | 3,063,160.43 | | Fair Value Change Gains/Losses and Investment Income from Transactional Financial Assets | 670,569.86 | | Other Non-recurring Gains/Losses | 25,705.30 | | Less: Income Tax Impact | 560,654.85 | | Less: Impact on Minority Interests (After Tax) | 72.00 | | **Total** | **3,197,305.48** | - The company classified VAT refunds of **2.63 million Yuan** as recurring income, as this subsidy is closely related to normal business operations and is sustainable[10](index=10&type=chunk) [Shareholder Information](index=4&type=section&id=Item%202.2.%20Shareholder%20Information) As of the reporting period end, the company had 15,549 common shareholders, with a highly concentrated equity structure where the top three shareholders, including a concerted action party, held 65.43% - As of the end of the reporting period, the company had **15,549** common shareholders[12](index=12&type=chunk) Top Ten Shareholders | Shareholder Name | Shareholding Percentage | Number of Shares Held (Shares) | Nature | | :--- | :--- | :--- | :--- | | Qian Rui | 29.27% | 31,025,000 | Domestic Natural Person | | Jiang Yuandong | 25.83% | 27,375,000 | Domestic Natural Person | | Zhang Aijun | 10.33% | 10,950,000 | Domestic Natural Person | | Cao Wei | 3.44% | 3,650,000 | Domestic Natural Person | | Tianjin Jingyeda Ruiying Technology Consulting Center (Limited Partnership) | 3.25% | 3,443,000 | Domestic Non-state-owned Legal Person | - Company Chairman Qian Rui and Director/Deputy General Manager Jiang Yuandong are a married couple, constituting an associated relationship or concerted action party[13](index=13&type=chunk) - Several unrestricted shareholders hold company shares through margin financing and securities lending, such as Liu Chenyujian and Yan Ruhai[13](index=13&type=chunk) [Significant Events](index=6&type=section&id=Item%203.%20Significant%20Events) [Analysis of Major Financial Data Changes](index=6&type=section&id=Item%203.1.%20Analysis%20of%20Major%20Financial%20Data%20Changes) During this period, the company's financial position significantly changed, marked by a sharp decrease in monetary funds and surge in transactional financial assets due to wealth management product purchases, alongside substantial revenue growth and increased cash outflows from operations and investments - Monetary funds decreased by **65.50%**, and transactional financial assets increased by **348.00%**, primarily due to the company's use of idle funds for cash management by purchasing wealth management products during this period[16](index=16&type=chunk) - Operating revenue increased by **365.46%** YoY, mainly due to increased revenue from smart rail business, with operating costs also increasing by **347.09%**[16](index=16&type=chunk) - Sales expenses and R&D expenses increased by **38.43%** and **38.77%** respectively, reflecting the company's increased investment in marketing and R&D[16](index=16&type=chunk) - "Cash paid for other investing activities" in investing cash outflow surged by **613.33%** YoY, mainly due to a significant increase in the amount of wealth management products purchased during this period[17](index=17&type=chunk) [Progress of Raised Funds Utilization](index=8&type=section&id=Item%203.2.%20Progress%20of%20Raised%20Funds%20Utilization) The company raised 768 million yuan net from its September 2020 IPO, cumulatively using 189 million yuan by March 31, 2021, primarily for R&D and industrialization projects, with 581 million yuan remaining for cash management or in special accounts - The company's net proceeds from its initial public offering were **767.94 million Yuan**[22](index=22&type=chunk) - As of March 31, 2021, the company had cumulatively used **188.91 million Yuan** of raised funds, with an additional **23.54 million Yuan** used during the reporting period[25](index=25&type=chunk) - As of March 31, 2021, the balance in the special raised funds account was **580.74 million Yuan**, with some unused funds being used for cash management[25](index=25&type=chunk) [Entrusted Wealth Management](index=9&type=section&id=Item%203.3.%20Entrusted%20Wealth%20Management) During the period, the company actively engaged in entrusted wealth management, investing 858 million yuan from both own and raised funds, with an 823 million yuan unexpired balance in bank products and no overdue amounts Entrusted Wealth Management Overview (10,000 Yuan) | Fund Source | Entrusted Wealth Management Amount (10,000 Yuan) | Unexpired Balance (10,000 Yuan) | Overdue Unrecovered Amount (10,000 Yuan) | | :--- | :--- | :--- | :--- | | Own Funds | 30,000 | 27,000 | 0 | | Raised Funds | 55,800 | 55,300 | 0 | | **Total** | **85,800** | **82,300** | **0** | [Financial Statements](index=11&type=section&id=Item%204.%20Financial%20Statements) [Consolidated Balance Sheet](index=11&type=section&id=Item%204.1.%20Consolidated%20Balance%20Sheet) As of March 31, 2021, total assets decreased by 3.36% to 1.812 billion yuan, total liabilities decreased by 17.95% to 410 million yuan, and equity attributable to parent company owners increased by 1.95% to 1.401 billion yuan, reflecting a shift from monetary funds to transactional financial assets Consolidated Balance Sheet Highlights (Yuan) | Major Item | March 31, 2021 (Yuan) | December 31, 2020 (Yuan) | Change | | :--- | :--- | :--- | :--- | | Monetary Funds | 320,616,128.19 | 929,289,192.95 | -65.50% | | Transactional Financial Assets | 672,000,000.00 | 150,000,000.00 | +348.00% | | **Total Assets** | **1,812,009,492.98** | **1,874,970,676.45** | **-3.36%** | | **Total Liabilities** | **409,868,744.36** | **499,515,721.82** | **-17.95%** | | Total Equity Attributable to Parent Company Owners | 1,400,760,628.35 | 1,373,948,087.57 | +1.95% | [Consolidated Income Statement](index=16&type=section&id=Item%204.2.%20Consolidated%20Income%20Statement) In Q1 2021, the company achieved total operating revenue of 137 million yuan, a 365.46% increase YoY, successfully turning a net profit of 26.81 million yuan from a prior-year loss, with basic earnings per share of 0.2529 yuan Consolidated Income Statement Highlights (Yuan) | Major Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | Change | | :--- | :--- | :--- | :--- | | I. Total Operating Revenue | 136,648,510.24 | 29,357,596.82 | +365.46% | | II. Total Operating Costs | 110,221,601.85 | 42,305,477.04 | +160.54% | | Including: Operating Costs | 76,985,252.52 | 17,219,200.44 | +347.09% | | R&D Expenses | 11,290,456.14 | 8,136,039.41 | +38.77% | | III. Operating Profit | 27,777,377.68 | -12,589,045.14 | Turned Profitable | | IV. Total Profit | 30,867,243.41 | -13,472,264.34 | Turned Profitable | | Net Profit Attributable to Parent Company Shareholders | 26,812,540.77 | -13,323,873.62 | +301.24% | | Basic Earnings Per Share | 0.2529 | -0.1676 | +250.89% | [Consolidated Cash Flow Statement](index=21&type=section&id=Item%204.3.%20Consolidated%20Cash%20Flow%20Statement) In Q1 2021, operating cash outflow expanded to -87.26 million yuan, investing cash outflow was -533 million yuan primarily due to wealth management product purchases, resulting in a 620 million yuan decrease in cash and cash equivalents to 264 million yuan Consolidated Cash Flow Statement Highlights (Yuan) | Major Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -87,263,645.97 | -54,854,275.67 | | Net Cash Flow from Investing Activities | -532,836,019.62 | -25,474,801.05 | | Net Cash Flow from Financing Activities | -174,241.67 | -10,671,143.06 | | Net Increase/Decrease in Cash and Cash Equivalents | -620,273,907.26 | -91,000,219.78 | | Cash and Cash Equivalents at Period End | 264,446,106.92 | 60,429,648.32 | [Audit Status](index=25&type=section&id=Item%204.4.%20Audit%20Status) The company's Q1 2021 report is unaudited - The company's first quarter report is unaudited[57](index=57&type=chunk)

Financial Performance - The company's operating revenue for 2020 was ¥600,682,252.57, a decrease of 11.27% compared to 2019[18]. - The net profit attributable to shareholders for 2020 was ¥147,911,853.61, down 0.84% from the previous year[18]. - The net profit after deducting non-recurring gains and losses was ¥139,986,698.61, a decrease of 4.60% year-on-year[18]. - The net cash flow from operating activities was ¥72,283,635.40, representing a decline of 30.71% compared to 2019[18]. - The basic earnings per share for 2020 was ¥1.7174, down 8.46% from the previous year[18]. - The total assets at the end of 2020 were ¥1,874,970,676.45, an increase of 106.34% compared to the end of 2019[18]. - The net assets attributable to shareholders increased by 199.92% to ¥1,373,948,087.57 by the end of 2020[19]. - Total revenue for 2020 was ¥600,682,252.57, a decrease of 11.27% compared to ¥676,958,770.94 in 2019[92]. - The smart education business generated revenue of 389.42 million, an increase of 13.10% year-on-year[76]. - The smart rail business generated revenue of 184.64 million yuan, a year-on-year decline of 44.10% due to project delays caused by the pandemic[82]. - The company achieved operating revenue of 600.68 million, a decrease of 11.27% compared to the previous year[75]. - The company’s cash and cash equivalents increased by 431.20%, primarily due to funds raised from the IPO[69]. - Fixed assets grew by 1499.97% due to the completion of the smart education operation center[69]. - The company’s capital reserve increased by 1781.91%, mainly from the premium on shares raised during the IPO[69]. - The company reported a total operating income of ¥29,357,596 in Q1 2020, down from ¥40,505,460 in Q1 2019[93]. - The gross margin for the Smart Education segment improved to 55.80%, up by 3.66% year-on-year[96]. - The total operating cost decreased by 18.75% to ¥290,441,630.55 in 2020, compared to ¥346,975,053.70 in 2019[101]. - The company’s top five customers accounted for 24.52% of total annual sales, with the largest customer contributing 6.59%[103]. - The company’s operating income for Q4 2020 was ¥108,996,800, a decrease from ¥273,760,400 in Q4 2019[93]. Dividend Policy - The company plans to distribute a cash dividend of 3.50 CNY per 10 shares to all shareholders, based on a total of 106,000,000 shares[5]. - The company reported a cash dividend of 3.50 yuan per 10 shares, totaling 37,100,000 yuan, which represents 25.08% of the net profit attributable to ordinary shareholders[166]. - The company has not distributed cash dividends in 2019 and 2018, indicating a shift in its dividend policy for 2020[163]. - The company’s profit distribution plan for 2020 is subject to approval by the shareholders' meeting[167]. - The company has a clear cash dividend policy that aligns with regulatory requirements and aims to protect minority shareholders' rights[162]. Business Operations and Market Presence - The company reported no changes in its main business operations since its listing[17]. - The company has been actively developing smart education solutions and has launched a series of products in the smart education sector[27]. - The company is exploring new scenarios and market applications in the integrated sensor and IoT fields[27]. - The company has established a strong presence in the smart examination market, having implemented solutions in multiple standardized examination points in Beijing[29]. - The company has participated in the construction of national education examination management platforms in 10 regions, covering over half of the cities nationwide, and serves millions of exam workers, students, and parents annually[30]. - The company has established a comprehensive information system for teaching and examination in nearly 400,000 classrooms across the country, enhancing its market presence in the education sector[31]. - The company has developed a full digital, multi-level networked video surveillance system for urban rail transit, successfully applying its security platform in the Urumqi Metro Line 1, becoming a leading enterprise in urban rail transit security[32]. - The company has launched smart city solutions based on integrated sensor technology, successfully implementing a pilot project for urban safety operations in Haidian District, Beijing[34]. - The company has developed core technologies in audio-visual processing and transmission, supporting the stable transmission of tens of thousands of audio-visual streams in complex network environments[36]. - The company has created a cloud-based comprehensive business platform that integrates advanced technologies such as AI and big data, enhancing operational efficiency and reducing costs[38]. - The company has accumulated extensive experience in smart hardware design, ensuring its products maintain industry-leading levels in accuracy, stability, and reliability[39]. - The company has developed a series of AI core technologies for personalized education and smart examination, achieving high accuracy in behavior recognition under various extreme conditions[40]. - The company has accumulated a large amount of business data in smart education, smart examination, and smart rail transit, leveraging this data for enhanced service offerings[40]. - The company has established several subsidiaries and invested in various projects, including the Beijing urban sub-center smart green heart project, enhancing its market presence[86]. - The company has a significant market share in the new round of national education examination comprehensive management platform construction, participating in 10 major cities[79]. - The company is positioned to capitalize on the upcoming educational reforms and the growing demand for smart education solutions, enhancing its market share[138]. - The company has undertaken over 20 urban subway lines' comprehensive security systems, establishing itself as a leading enterprise in urban rail transit security[142]. - The company has developed a comprehensive business platform for smart rail, integrating AI and sensor technologies, enhancing its competitive edge in the market[144]. Research and Development - The company increased R&D investment to 41.49 million yuan, a 3.30% increase year-on-year, with R&D personnel growing by 8.80%[84]. - The company is focusing on AI and big data technologies to enhance product development and innovation[108]. - The new generation classroom management system has been developed to address attendance management issues in flexible class schedules[108]. - The company has completed the development of two series of interactive teaching gateway products, with prototypes ready for mass production[109]. - The identity authentication platform has been upgraded to version 2.0, improving data collection and security strategies[109]. - The company aims to enhance its product line in the education sector through strategic partnerships and technology advancements[109]. - The interactive teaching gateway series supports various teaching modes, meeting the demands of smart classroom construction[109]. - The company is committed to expanding its market presence and enhancing its competitive edge through continuous R&D efforts[108]. - The company has completed the development of the intelligent analysis system for examination videos, achieving a recall rate and video compression ratio that meet practical application needs[111]. - The new generation of cheating prevention management platform has been developed, capable of multi-level interconnectivity across provincial, municipal, and county levels, enhancing the company's standardized product solutions[112]. - The online inspection system has undergone a security upgrade, improving the security level of core devices and integrating intelligent algorithms for enhanced operational efficiency[111]. - The company is expanding its product offerings in the IoT hardware category, with the V2.3 version of the manhole cover status monitoring device successfully applied in the Haidian City Brain project[112]. - The intelligent monitoring and early warning platform has been developed to ensure urban safety operations through real-time data collection and monitoring[112]. - The integration of AI in the national education examination management platform is driving significant business growth for the company[110]. - The company is positioned to capture more market share and revenue through deep data integration with the comprehensive platform[112]. - The intelligent video analysis system is expected to address industry pain points, further solidifying the company's leading position in the examination industry[111]. - The company increased its R&D personnel to 136, representing 22.78% of the total workforce, up from 125 and 20.90% in the previous year, indicating an 8.80% growth in R&D staff[117]. - R&D investment amounted to ¥41,493,777.76, a 3.30% increase from ¥40,167,882.39 in 2019, with R&D expenditure accounting for 6.91% of total revenue, up from 5.93%[117]. Market Trends and Opportunities - In 2020, the total education expenditure in China reached CNY 530.14 billion, an increase of 5.65% compared to the previous year[52]. - The estimated education informationization expenditure in 2020 was CNY 42.41 billion, accounting for at least 8% of the total education expenditure[53]. - The construction of smart classrooms is driven by the "new infrastructure" initiative, highlighting the importance of educational environments and platforms for high-quality talent cultivation, leading to a significant market opportunity[54]. - The Ministry of Education has established standards for evaluating teaching environments, emphasizing the need for smart classroom construction to meet the demands of internet-based education by 2025[55]. - The integration of AI and big data into education is accelerating, with a surge in demand for platforms that support hybrid teaching and real-time data analysis for personalized learning[56]. - The national education examination management platform is being developed to enhance exam governance, with a planned investment of 29,781.91 billion yuan for new standardized examination sites[58]. - The reform of the enrollment system is expected to increase demand for new educational products, including career planning and management systems, as schools adapt to the new "walking class" model[59]. - Urban rail transit construction is experiencing rapid growth, with 7,978.19 kilometers of operational lines and an expected addition of over 1,600 kilometers in 2021[60]. - The demand for security monitoring systems in urban rail transit is increasing, driven by government policies aimed at enhancing public safety in key transport areas[62]. - The push for intelligent and autonomous systems in urban rail transit is being supported by national initiatives to integrate new technologies such as AI and big data[63]. - The smart city market in China is projected to reach 25 trillion yuan by 2022, with a growth rate exceeding 30% annually, driven by the integration of IoT technologies[64]. - The smart examination market is anticipated to grow due to the increasing number of students and the integration of practical skills assessments into academic evaluations[141]. Corporate Governance and Compliance - The company has maintained a commitment to ensuring the accuracy and completeness of its financial reports, as stated by its management team[4]. - The company has committed to ensuring the health of employees while maintaining normal operations during the pandemic[157]. - The company has made a commitment to ensure that any violations of share transfer commitments will result in the suspension of cash dividends until compliance is achieved[171]. - The company plans to adhere to the regulations set by the China Securities Regulatory Commission regarding shareholder reductions, including a 3-day notice period for any planned reductions[170]. - The company has committed to compensating investors for any losses caused by misleading statements or omissions in the public offering documents[170]. - The company has not engaged in any major litigation or arbitration matters during the reporting period[178]. - There were no significant accounting policy changes or estimates during the reporting period[173]. - The company has not experienced any major accounting errors requiring restatement during the reporting period[174]. - The company has not conducted any related party transactions during the reporting period[182]. - The company has not implemented any stock incentive plans or employee shareholding plans during the reporting period[180]. - The company does not belong to any key pollutant discharge units as per environmental protection department announcements[199]. - The company has not engaged in any asset or equity acquisitions or sales during the reporting period[183]. - The company has maintained a stable relationship with suppliers based on honest and mutually beneficial trading principles[197]. Strategic Initiatives - The company aims to integrate artificial intelligence into its main business areas, collaborating with award-winning teams to enhance its smart education and smart rail applications[87]. - The company is actively developing new products and technologies to meet market demands, including a smart analysis platform and various intelligent hardware[84]. - The company plans to expand its market through strategic partnerships and enhanced marketing channels to mitigate customer concentration risks[154]. - The company is diversifying its business to mitigate risks associated with high dependency on the education and urban rail transit sectors[153]. - The company has a strategic plan for the next five years, emphasizing the development of key technologies and core competencies to support its growth[144].

Financial Performance - Operating revenue for the current period reached CNY 198,077,615.59, a significant increase of 621.00% year-on-year[8] - Net profit attributable to shareholders for the current period was CNY 56,871,170.04, up 484.55% year-on-year[8] - Basic earnings per share for the current period was CNY 0.7154, reflecting an increase of 484.62% year-on-year[8] - The weighted average return on equity was 10.02%, an increase of 373.77% compared to the previous year[8] - The total operating revenue for the third quarter reached ¥198,077,615.59, a significant increase from ¥27,472,725.90 in the previous period[38] - The company reported a net profit of ¥456,642,377.16, compared to ¥317,299,598.96 in the previous period, reflecting a strong performance[33] - The total operating revenue for the year-to-date was CNY 491,685,407.56, an increase from CNY 403,198,281.75 in the previous year[47] - Net profit attributable to the parent company was CNY 137,816,491.55, representing a growth of 57.7% from CNY 87,328,171.41 year-over-year[49] - The total profit for the quarter was CNY 159,350,767.14, which is a 52.9% increase compared to CNY 104,281,556.94 in the same quarter last year[48] Assets and Liabilities - Total assets increased by 99.03% to CNY 1,808,547,272.25 compared to the end of the previous year[8] - The company's total equity rose to ¥1,366,536,115.83, up from ¥459,462,841.40 year-over-year[33] - Total liabilities decreased slightly to ¥442,011,156.42 from ¥449,232,267.32 in the previous year[32] - The total non-current assets reached ¥223,674,268.15, compared to ¥217,100,940.71 in the previous year[31] - The total amount of accounts payable was CNY 196,940,285.20, indicating a significant liability to suppliers[66] Cash Flow - The net cash flow from operating activities was negative at CNY -51,922,625.02, a decline of 3,678.66% year-on-year[8] - The company reported a net cash inflow from operating activities of CNY 415,530,413.81, compared to CNY 448,895,881.72 in the same period last year[55] - The total cash inflow from investment activities was 404,882,315.07 CNY, compared to 321,683,356.14 CNY in the previous period, resulting in a net cash flow of 23,399,932.76 CNY[57] - The net cash flow from financing activities was 758,679,959.14 CNY, significantly higher than -1,187,501.80 CNY in the previous period[58] - The total cash and cash equivalents at the end of the period reached 896,388,803.35 CNY, up from 68,729,459.21 CNY in the previous period[58] Shareholder Information - The total number of shareholders at the end of the reporting period was 28,454[12] - The top shareholder, Qian Rui, holds 29.27% of the shares, totaling 31,025,000 shares[12] Investments and Capitalization - The company issued 26.5 million shares at a price of ¥31.83 per share, raising a total of ¥843,495,000.00, with a net amount of ¥767,938,484.55 after deducting issuance costs[21] - The company's fixed assets increased by 1492.64% to ¥93,195,368.38, mainly due to the capitalization of construction projects[16] - The company received government subsidies amounting to CNY 5,068,024.07 during the reporting period[9] Research and Development - Research and development expenses for the third quarter amounted to CNY 10,625,386.94, an increase from CNY 8,083,244.57 in the previous period[39] - Research and development expenses increased to CNY 27,687,293.18, up 17.9% from CNY 23,567,520.07 in the previous year[48] Other Financial Metrics - The company experienced a 424.87% increase in credit impairment losses, amounting to -¥12,486,471.19, due to a rise in accounts receivable[17] - The company reported a tax expense of CNY 8,244,008.52 for the third quarter, up from CNY 1,107,065.50 in the previous period[40] - The company executed a new revenue recognition standard starting January 1, 2020, which resulted in a reclassification of CNY 67,786,075.23 from advance receipts to contract liabilities[68] - Contract liabilities increased to CNY 59,987,677.19 following the implementation of the new revenue recognition standard[68]