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：2022-001 | --- | --- | --- | |-----------------------------|---------------------------------------|--------------------------------------------------------| | | | | | 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 | | | 参与单位名称及 | 东方证券 徐宝龙 | | | 人员姓名 | 中信证券 于聪 | | | | 中信建投证券 甘洋科 众安保险 高翔 | | | | | | | | 中道投资 刘伟 | | | | | | | 时间 | 2022 年 2 月 22 日上午 | 10:00-12:30 | | 地点 | 银桦路 60 号院 6 号楼 | | | 上市公司接待人 | 副总经理兼财务负责人： ...

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：2022-004 | --- | --- | --- | |----------------|-------------|----------------------------------| | 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 | | | 参与单位名称及 | 姓名 | 公司 | | | 刘泽晶 | 华西证券 | | 人员姓名 | 刘波 | 华西证券 | | | 马健 | 禾永投资 | | | 刘奇 | 光大永明资产 | | | 陈朝阳 | 新华资产 | | | 陶静 | 建信养老金管理公司 | | | 徐雨楠 | 泰达宏利基金管理有限公司 | | | 张雷 | 鹏华基金管理有限公司 | | | 苗泽欣 | 西南证券 | | | 雷静 | 青岛金光紫金创业投资管理有限公司 | | | 杜新正 | 深圳市尚城资产有限责任公司 | | | | | | | 余音 ...

Group 1: Investor Relations Activities - Various types of investor relations activities include analyst meetings, media interviews, earnings presentations, press releases, roadshows, site visits, and others [1] Group 2: Company Overview - Beijing Jingyeda Digital Technology Co., Ltd. is identified by the stock code 003005 and is involved in providing digital solutions in the fields of smart education and smart rail [2] Group 3: Financial Performance - The company's revenue from smart education accounts for over 60% of its total annual income [4] - The company's performance in the third quarter showed a significant decline compared to the same period last year, primarily due to the impact of the COVID-19 pandemic [4] Group 4: Market Position and Competition - The penetration rate of smart classrooms in "Double First-Class" universities is approximately 10%-20%, while it is below 10% in vocational colleges [6] - The educational informationization market is characterized by low concentration and is in a fully competitive stage, with various participants including equipment manufacturers and system integrators [6] Group 5: Strategic Partnerships - The company has established strategic partnerships with several universities and educational institutions to enhance its offerings in smart education [5] - Collaborations include the creation of innovation centers focused on improving educational quality and exploring high-quality development goals [5] Group 6: Future Development Plans - The company aims to enhance its service offerings in smart education by integrating AI and big data technologies to support digital transformation [7] - Plans include strengthening sales teams and expanding partnerships to improve revenue growth and market position [7]

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)