Financial Performance - The net profit attributable to shareholders of the parent company for 2020 was -31,787,169.55 CNY, a year-on-year decrease in losses of 57.86%[5]. - Operating revenue for 2020 reached 112,525,653 CNY, representing a significant increase of 554.72% compared to 2019[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -19,382,543 CNY, a 51.61% improvement from the previous year[18]. - The cash flow from operating activities was -27,509,988 CNY, a decline of 142.27% compared to 2019[18]. - The company's total revenue for 2020 was CNY 112,525,653.50, a significant increase from CNY 17,186,793.43 in 2019[21]. - The net profit attributable to shareholders for the fourth quarter of 2020 was -CNY 5,344,704.50, with a total net profit for the year of -CNY 30,746,164.00[24]. - The company reported a negative cash flow from operating activities of -CNY 11,050,576.29 in the fourth quarter of 2020[24]. - The company reported a total non-operating loss of -CNY 12,404,626.22 for 2020, compared to -CNY 35,384,683.05 in 2019[27]. - The company reported a net profit available for distribution to ordinary shareholders of 0.00, with a profit margin of 0.00% for the year 2020[78]. - The company experienced a significant loss of -31,787,169 in 2020, compared to a loss of -75,436,264 in 2019[79]. Assets and Liabilities - Total assets at the end of 2020 amounted to 220,807,920 CNY, an increase of 126.92% from the previous year[18]. - The company’s net assets attributable to shareholders decreased by 68.04% to 14,568,173.6 CNY at the end of 2020[18]. - The company recorded a maximum liability of CNY 39,742,950 for the Shengrong Wealth case, with a provision of CNY 2,270,988.4 made during the reporting period[38]. - Accounts receivable increased significantly, accounting for 44.79% of total assets at year-end[63][64]. - The total assets of Changzhou Shengyou New Energy Equipment Manufacturing Co., Ltd. were reported at approximately 35,554.12 million yuan[70]. Strategic Focus and Development - The company plans to shift its strategic focus towards the investment, development, and operation of renewable energy projects, including solar and wind power[31]. - The company has made substantial progress in developing photovoltaic power plants and EPC project execution under its new strategic direction[31]. - The company aims to enhance its sustainable operating capacity by integrating resources and providing comprehensive solutions across the entire renewable energy value chain[31]. - The company plans to continue expanding its new energy business and enhance its sustainable profitability through strategic initiatives[37]. - The company intends to leverage existing assets to seek investment cooperation with the government and other enterprises[96]. - The company plans to promote distributed energy development in underdeveloped western regions through its renewable energy business[127]. Operational Risks and Challenges - The company faces risks related to cash flow and potential bad debts if it cannot collect receivables from downstream customers[6]. - The company has made substantial progress in developing new energy projects, which has effectively mitigated operational risks[38]. - The company has faced legal disputes resulting in the freezing of several bank accounts and properties due to non-compliance by Jiangsu Huasheng Tianlong Optoelectronic Equipment Co., Ltd.[65]. - The company has lost control over its subsidiary, Shanghai James Electronic Materials Co., Ltd., which has had all its assets seized by the Wuxi court[94]. - The company has ongoing litigation with Shanghai Chaori Solar Energy Co., with a claim amount of CNY 4.67 million, and has made cumulative payments of CNY 1 million so far[105]. Shareholder and Governance Structure - The company does not have an actual controller, as no shareholder holds more than 50% of the voting rights[139]. - The largest shareholder, Dayou Holdings Co., Ltd., held 12.80% of shares, totaling 25,598,494 shares, unchanged during the reporting period[136]. - The company has not engaged in any repurchase transactions among the top ten shareholders during the reporting period[137]. - The company has established a monitoring mechanism through a supervisory board of 3 members, ensuring oversight of major transactions and compliance[177]. - The company emphasizes the importance of information disclosure, ensuring timely and accurate communication with stakeholders[179]. Employee and Management Information - The total number of employees in the company is 100, with 60 in the parent company and 40 in major subsidiaries[167]. - The company has a total of 100 employees with varying educational backgrounds, including 2 with PhDs, 3 with master's degrees, 31 with bachelor's degrees, and 34 with associate degrees[168]. - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to CNY 2.179 million[162]. - The company has a total of 10 key management personnel, with remuneration ranging from CNY 0 to CNY 456,800[164]. - The company’s management structure includes a mix of experienced professionals from various sectors, enhancing its operational capabilities[158]. Compliance and Audit - The audit opinion was a qualified opinion with a paragraph on significant uncertainty regarding going concern[200]. - The audit was conducted by Zhongxing Cai Guanghua Accounting Firm, with the report signed on April 21, 2021[200]. - The company has not reported any penalties from securities regulatory agencies for its directors, supervisors, and senior management in the past three years[161]. - The company has committed to fulfilling its obligations regarding information disclosure and related transaction approval processes[82]. Research and Development - Research and development expenses amounted to 1,221,996.76 yuan, representing 1.09% of operating revenue[58].

江苏华盛天龙光电设备股份有限公司 2021 年第三季度报告 证券代码：300029 证券简称：*ST 天龙 公告编号：2021-093 江苏华盛天龙光电设备股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、 准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连 带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员) 声明：保证季度报告中财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 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） | 26,403,779.14 | 3,899.31% | 81,137,857.5 ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥54,734,078.42, representing a significant increase of 9,088.34% compared to ¥595,690.88 in the same period last year[22]. - The net profit attributable to shareholders was -¥21,598,927.14, a decrease of 50.72% from -¥14,330,526.29 year-on-year[22]. - The net cash flow from operating activities improved to ¥2,823,644.73, a 128.44% increase from -¥9,928,989.78 in the previous year[22]. - The total assets decreased by 21.98% to ¥172,268,184.68 from ¥220,807,920.85 at the end of the previous year[22]. - The net assets attributable to shareholders were -¥7,030,753.46, a decline of 148.26% from ¥14,568,173.68 at the end of the previous year[22]. - The basic and diluted earnings per share were both -¥0.1080, reflecting a 50.63% decrease from -¥0.0717 in the same period last year[22]. - The weighted average return on net assets was -573.11%, a significant drop of 533.80% from -39.31% year-on-year[22]. - The total operating revenue for the first half of 2021 was CNY 54,734,078.42, compared to CNY 595,690.88 in the same period of 2020[112]. - The net loss for the first half of 2021 was CNY 21,565,611.14, compared to a net loss of CNY 14,330,526.29 in the first half of 2020[114]. - The operating profit (loss) for the first half of 2021 was -CNY 15,420,964.99, worsening from -CNY 7,021,207.00 in the previous year[114]. Cash Flow and Liquidity - The cash flow from operating activities improved to ¥2,823,644.73, a 128.44% increase from a negative cash flow of ¥9,928,989.78 in the previous year[34]. - Total cash inflow from operating activities was CNY 78,109,216.41, while cash outflow was CNY 75,285,571.68, resulting in a net cash flow of CNY 2,823,644.73[122]. - Cash inflow from financing activities amounted to CNY 20,700,000.00, with a net cash flow of CNY 4,100,000.00 after outflows of CNY 8,600,000.00[123]. - The company reported a total cash and cash equivalents balance of CNY 4,932,724.77 at the end of the reporting period, compared to CNY 168,602.70 at the end of the previous period[123]. - The company incurred total cash outflows from operating activities of CNY 22,412,574.68, leading to a net cash flow of -CNY 1,425,736.00[126]. Business Strategy and Focus - The company has shifted its focus to new energy projects, including photovoltaic and wind power, aligning with national goals for carbon neutrality[30]. - The company has made progress in developing new energy projects and EPC engineering, which is expected to provide a reliable foundation for future business growth[30]. - The company aims to reposition itself as a comprehensive service platform for the entire renewable energy industry chain, focusing on solar and wind power projects[144]. - The company anticipates that the renewable energy sector will enter a rapid development phase, driven by national policies aimed at carbon neutrality[144]. - The company has identified a number of quality projects in the renewable energy sector, which will support its future growth[145]. Risks and Challenges - The company faces risks related to cash flow and potential bad debts due to the development of new energy projects[6]. - The company has been issued a delisting risk warning due to negative net profit and revenue below ¥100 million in the previous fiscal year[5]. - The company has faced significant uncertainty regarding the acquisition of new energy project development indicators, which are crucial for its performance in a key development year[49]. - The company’s revenue for the reporting period fell below 100 million RMB, triggering potential delisting risks under Shenzhen Stock Exchange regulations[143]. - The company’s management believes that it can sustain operations in the next 12 months despite significant uncertainties[145]. Shareholder and Equity Information - The total number of shares remains at 200 million, with no changes in shareholding structure during the reporting period[88]. - The largest shareholder, Dayou Holdings Limited, held 12.80% of shares, totaling 25,598,494 shares[91]. - The second-largest shareholder, Changzhou Noah Technology Co., Ltd., held 11.89% of shares, totaling 23,788,606 shares[91]. - The total equity at the end of the reporting period was 200 million yuan, with a capital reserve of 835.27 million yuan[136]. - The company reported a total of CNY 14,410.00 million in equity at the end of the current period[129]. Operational Performance - Operating costs also surged to ¥50,926,936.60, reflecting a 5,011.01% increase from ¥996,415.69, primarily due to the cessation of single crystal and multi-crystal furnace production[33]. - The gross profit margin for the new energy EPC engineering segment was reported at 7.31%[36]. - The company’s production lines were in a state of suspension during the reporting period, impacting overall performance[142]. - The subsidiary Sichuan Zhongshu Shilian Construction Engineering Co., Ltd. reported a net loss of approximately CNY 2.65 million during the reporting period[48]. Financial Reporting and Compliance - The financial report for the first half of 2021 was not audited[102]. - The company does not have any preferred shares or bonds outstanding[97][99]. - The company has not engaged in any derivative investments or entrusted loans during the reporting period[44][45]. - There were no major asset or equity sales during the reporting period[46][47]. - The company has not reported any significant risks affecting contract performance, suggesting stable operational conditions[82]. Accounting Policies and Practices - The company recognizes goodwill when the purchase price exceeds the fair value of identifiable net assets acquired in a business combination[154]. - The company assesses control based on the ability to influence returns from the investee's relevant activities[159]. - The company recognizes identifiable intangible assets separately if they meet specific criteria during business combinations[155]. - The company measures expected credit losses for accounts receivable and notes receivable based on the entire duration of the expected credit loss, using historical credit loss experience and current conditions[182]. - The company employs a perpetual inventory system for inventory management, using weighted average and specific identification methods for inventory valuation[186].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥54,734,078.42, representing a significant increase of 9,088.34% compared to ¥595,690.88 in the same period last year[24]. - The net profit attributable to shareholders was -¥20,310,188.61, a decrease of 41.73% from -¥14,330,526.29 in the previous year[24]. - The basic and diluted earnings per share were both -¥0.100, a decrease of 42.86% from -¥0.070 in the same period last year[24]. - The company reported a net cash inflow from operating activities of ¥2,823,644.73, a 128.44% improvement compared to a net outflow of ¥9,928,989.78 in the prior year[36]. - The company's net loss for the first half of 2021 was CNY 18,020,171.23, compared to a net profit of CNY 1,000,000 in the first half of 2020[114]. - The total comprehensive income for the first half of 2021 was a loss of CNY 15,739,726.75, compared to a loss of CNY 14,330,526.29 in the same period of 2020, indicating a slight increase in comprehensive losses[117]. Assets and Liabilities - Total assets decreased by 19.85% to ¥176,985,736.07 from ¥220,807,920.85 at the end of the previous year[24]. - The total assets at the end of the reporting period were ¥176,000,000, with cash and cash equivalents increasing to ¥4,932,724.77, representing 2.79% of total assets, up from 0.33% the previous year[38]. - The company's current assets totaled RMB 102,584,835.91, down from RMB 148,004,725.95 at the end of 2020, indicating a reduction of about 31%[107]. - The total liabilities decreased to RMB 88,056,688.64 from RMB 99,014,662.56, representing a decline of about 11%[107]. - The company's total equity as of June 30, 2021, was CNY 3,620,400.40, down from CNY 17,037,675.40 at the end of 2020[113]. Cash Flow - The company reported a net cash flow from operating activities of CNY 2,823,644.73 for the first half of 2021, a significant improvement compared to a net outflow of CNY 9,928,989.78 in the first half of 2020[124]. - The ending balance of cash and cash equivalents was 4,932,724.77 yuan, a significant increase from 168,602.70 yuan at the end of the previous period[126]. - Cash inflow from financing activities totaled 12,700,000.00 yuan, up from 8,000,000.00 yuan in the same period last year[129]. Business Operations - The company has made progress in its new energy power station development and related sales, but the sustainability of these businesses remains uncertain[6]. - The company is under a delisting risk warning due to negative net profit and revenue below ¥100 million in the previous fiscal year[6]. - The company plans to accelerate the development of its main business while addressing historical issues and aims to achieve its established goals for the year[51]. - The company aims to leverage its industry resources and management team to maximize profits across the entire renewable energy project lifecycle[148]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 10,816[92]. - The largest shareholder, Daya Holdings Co., Ltd., holds 12.80% of the shares, totaling 25,598,494 shares[92]. - The company has not reported any significant changes in share capital or stock buybacks during the reporting period[91]. Compliance and Governance - The company has not experienced any major litigation or arbitration matters during the reporting period[71]. - The company has no significant environmental issues and complies with environmental protection requirements[61]. - The semi-annual financial report was not audited[104]. Future Outlook - The company anticipates challenges in securing development indicators for new energy projects due to increased competition in the industry following the national 3060 goals[50]. - Future guidance indicates a cautious outlook due to market volatility, with a projected growth rate of approximately 5% for the next fiscal year[136]. Accounting Policies - The company's financial statements are prepared in accordance with the relevant accounting standards, reflecting its financial position and operational results accurately[151]. - The company follows a fair value measurement approach for assets and liabilities in business combinations, recognizing goodwill when the purchase cost exceeds the fair value of identifiable net assets acquired[158].

Financial Performance - The company's revenue for Q1 2021 was ¥29,461,266.14, representing a significant increase of 5,214.03% compared to ¥554,405.16 in the same period last year[7] - The net profit attributable to shareholders was -¥7,418,945.89, a decrease of 140.57% from -¥3,083,894.33 year-on-year[7] - The basic earnings per share were -¥0.0371, a decline of 140.91% from -¥0.0154 in the same period last year[7] - Operating profit for the period was -CNY 2.07 million, a reduction in loss by 32.77% year-over-year[16] - Net profit attributable to shareholders was -CNY 7.42 million, representing a 140.57% increase in loss compared to the same period last year, primarily due to provisions for litigation compensation[15] - Net loss for Q1 2021 was CNY 7,346,266.61, worsening from a net loss of CNY 3,083,894.33 in the previous year[38] - The company reported a total comprehensive loss of CNY 7,346,266.61 for Q1 2021, compared to a loss of CNY 3,083,894.33 in the previous year[39] - The total comprehensive income for the first quarter was -10,603,678.22 CNY, compared to -3,083,195.29 CNY in the previous period[43] Cash Flow - The net cash flow from operating activities was ¥34,048,267.75, showing an increase of 2,451.26% compared to -¥1,448,087.91 in the previous year[7] - Cash flow from operating activities saw a substantial increase, totaling CNY 66.76 million, up 5081.71% from the previous year[15] - Operating cash inflow amounted to 66,755,600.05 CNY, significantly up from 1,288,292.49 CNY in the previous period[46] - The net cash flow from operating activities was 34,048,267.75 CNY, a recovery from -1,448,087.91 CNY in the previous period[46] - Cash and cash equivalents at the end of the period reached 38,213,399.03 CNY, compared to 625,100.09 CNY at the end of the previous period[47] - The company received 3,400,000.00 CNY from financing activities, with no cash outflow recorded for debt repayment or dividend distribution[47] - The cash flow from investment activities showed a net inflow of 20,363.00 CNY, indicating a positive cash generation from asset disposals[50] - The company reported a significant increase in cash received from sales of goods and services, totaling 66,116,543.60 CNY[45] - The total cash inflow from operating activities included 28,681.60 CNY received from tax refunds[45] - The company’s cash flow from financing activities was solely from other financing-related cash received, totaling 3,400,000.00 CNY[50] - The impact of exchange rate changes on cash and cash equivalents was a positive 32,441.05 CNY, contrasting with a negative impact of -6,444.85 CNY in the previous period[47] Assets and Liabilities - The total assets at the end of the reporting period were ¥184,245,152.28, down 16.56% from ¥220,807,920.85 at the end of the previous year[7] - The company's current assets totaled CNY 113,010,808.20, down from CNY 148,004,725.95, indicating a decrease of about 23.6%[28] - The total assets increased significantly, with cash and cash equivalents rising from CNY 625,100.09 to CNY 38,213,399.03[15] - Accounts receivable decreased to CNY 44,658,776.38 from CNY 98,891,781.82, a reduction of approximately 54.9%[28] - Inventory levels dropped to CNY 19,037,620.32 from CNY 38,642,652.92, marking a decline of about 50.8%[28] - Total liabilities decreased to CNY 179,167,988.03 from CNY 208,384,489.99, a reduction of approximately 13.9%[30] - The company's total liabilities increased to CNY 84,608,573.75 from CNY 78,054,642.89 year-over-year[37] - The company's equity attributable to shareholders decreased to CNY 5,162,056.87 from CNY 12,581,002.76, reflecting a decline of about 59.0%[31] - The total equity of the company decreased to CNY 5,555,159.26 from CNY 16,158,837.48 in the previous period[37] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,987[10] - The top shareholder, Dayou Holdings Co., Ltd., held 12.80% of the shares, amounting to 25,598,494 shares[10] Risks and Challenges - The company faces liquidity risks due to a court ruling related to a guarantee for a project, with a maximum liability estimated at CNY 39.74 million[18] - The company is under delisting risk warning due to negative net profit in 2020 and revenue below CNY 100 million after special deductions[17] - The company reported a net loss of CNY 1,055,677,090.49 as of March 31, 2021, compared to a loss of CNY 1,048,258,144.60 at the end of 2020[31] Research and Development - Research and development expenses for Q1 2021 were CNY 725,236.66, up from CNY 176,240.07 in the same period last year[37] Non-Operating Activities - The company reported non-operating income and expenses totaling -¥4,413,151.04, primarily due to other operating expenses[8] - The company did not engage in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[22] - There were no research, communication, or interview activities recorded during the reporting period[23]

Financial Performance - The net profit attributable to shareholders for 2020 was -31,816,828.50 CNY, a decrease in loss by 57.86% compared to the previous year[6]. - The company's operating revenue for 2020 was 112,525,653.50 CNY, representing a 554.72% increase from 17,186,793.43 CNY in 2019[21]. - The net cash flow from operating activities was -27,509,988.42 CNY, a decline of 142.27% compared to -11,354,957.87 CNY in 2019[21]. - The total assets at the end of 2020 amounted to 220,807,920.85 CNY, an increase of 126.92% from 97,306,531.79 CNY in 2019[21]. - The net assets attributable to shareholders decreased by 71.16% to 12,581,002.76 CNY from 43,622,575.37 CNY in 2019[21]. - The basic earnings per share for 2020 was -0.1591 CNY, an improvement of 57.86% from -0.3775 CNY in 2019[21]. - The company reported a net profit contribution of -1,575.71 million yuan from its subsidiary Changzhou Shengyou New Energy Equipment Manufacturing Co., Ltd.[74]. - The company incurred a loss of -1,193.07 million yuan from its subsidiary Sichuan Zhongshu Shilian Construction Engineering Co., Ltd.[74]. - The company reported a net profit available for distribution to ordinary shareholders of 0.00, with a cash dividend payout ratio of 0.00% for the year 2020[83]. - The company did not propose any cash dividend distribution plan despite having a positive net profit for the reporting period[84]. Strategic Focus and Operations - The company has shifted its strategic focus towards renewable energy projects, including solar and wind power, in response to national carbon neutrality goals[31]. - The company has made progress in its new energy power station development and related sales, but the sustainability of these operations remains uncertain[8]. - The company plans to enhance resource integration and provide comprehensive solutions across the renewable energy value chain to maximize profitability[31]. - The company plans to enhance investment in new energy projects and expand its operations in the new energy power station maintenance and value-added market[75]. - The company aims to integrate high-quality domestic and international resources to strengthen its core competitiveness in the new energy sector[75]. - The company is committed to becoming a leading enterprise in the new energy industry and fulfilling its corporate social responsibility[75]. - The company is actively promoting green energy development in response to national carbon neutrality goals[131]. Revenue and Business Segments - The specialized equipment manufacturing sector contributed CNY 48,039,402.56, accounting for 42.69% of total revenue in 2020[41]. - The construction sector generated CNY 64,486,250.94, representing 57.31% of total revenue, marking a new business area for the company[41]. - The company's revenue from the New Energy EPC engineering segment reached ¥64,486,250.94, accounting for 57.31% of total revenue, with a year-on-year increase of 100%[46]. - The revenue from the tower segment was ¥43,551,606.42, representing 38.70% of total revenue, with a year-on-year increase of 100%[46]. - The company reported a significant increase in revenue from the Northeast region, totaling ¥34,545,892.84, which is 30.70% of total revenue[47]. Operational Challenges - The company has encountered a risk of delisting due to negative net profit and operating revenue below 100 million CNY[7]. - The company reported a net cash flow from operating activities of CNY -11,050,576.29 in Q4 2020, indicating ongoing financial challenges[24]. - Non-recurring losses totaled CNY -12,085,626.22 for the year, reflecting challenges in managing non-operational income[28]. - The gross profit margin for the industrial sector decreased by 89.09% year-on-year, with revenue of ¥48,039,402.50 and cost of ¥46,299,061.20[46]. - The sales volume of photovoltaic equipment decreased by 45% year-on-year, indicating a significant reduction in production capacity[48]. Governance and Compliance - The company has fulfilled all commitments made by actual controllers, shareholders, and related parties during the reporting period[85]. - The company guarantees not to engage in any business that competes with its main operations and to avoid any related party transactions that could harm the interests of its minority shareholders[86]. - The company will ensure compliance with relevant laws and regulations regarding related party transactions and information disclosure obligations[87]. - The company has committed to not utilizing its shareholder status to seek preferential treatment in business dealings with the listed company[88]. - The company has implemented strict measures to prevent any related party transactions that could harm the interests of minority shareholders[92]. - The company has ensured compliance with all relevant laws and regulations regarding related party transactions and has committed to fair pricing practices[93]. Human Resources and Management - The company has a total of 100 employees, with 60 in the parent company and 40 in major subsidiaries[176]. - The number of R&D personnel increased to 16 in 2020, representing 16.00% of the total workforce[60]. - The company has implemented a dynamic salary management system that aligns with performance, position, and company effectiveness[179]. - The company has a structured remuneration decision-making process involving the shareholders' meeting and the board of directors, based on performance and responsibilities[170]. - The company has seen a shift in its management team, with several key positions being filled by individuals with extensive experience in finance and project management[167][168]. Shareholder Structure - The total number of common shareholders at the end of the reporting period was 12,140, a decrease from 12,987 at the end of the previous month[142]. - The largest shareholder, Dayou Holdings Co., Ltd., held 12.80% of the shares, totaling 25,598,494 shares, with no change during the reporting period[144]. - The second largest shareholder, Changzhou Noah Technology Co., Ltd., held 11.89% of the shares, totaling 23,788,606 shares, with a decrease of 20,000 shares[144]. - The company does not have an actual controller, as no shareholder holds more than 25% of the shares, and there are no agreements among shareholders for joint action[147]. - The shareholder structure indicates a diverse ownership without significant concentration, which may reduce risks associated with control[147]. Legal and Audit Matters - The company received a qualified audit opinion for its 2019 financial report, primarily due to inventory impairment provisions related to Guangdong Bosen Technology Co., Ltd[96]. - The company is currently involved in several lawsuits, with a total amount of 2,012.4 million RMB in disputes, and has won a first-instance judgment in one case[109]. - The company has a pending judgment requiring it to pay 466.6 million RMB to Shanghai Chaori Solar Energy Co., Ltd. within 5 days of the judgment becoming effective[110]. - The company has appointed Zhongxing Caiguanghua Accounting Firm for auditing services, with a fee of 700,000 RMB and a continuous service period of 4 years[108].

江苏华盛天龙光电设备股份有限公司 2020 年第三季度报告全文 江苏华盛天龙光电设备股份有限公司 2020 年第三季度报告 2020 年 10 月 1 江苏华盛天龙光电设备股份有限公司 2020 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人刘文平、主管会计工作负责人陈云秀及会计机构负责人(会计主 管人员)陈云秀声明：保证季度报告中财务报表的真实、准确、完整。 2 江苏华盛天龙光电设备股份有限公司 2020 年第三季度报告全文 第二节 公司基本情况 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 单位：元 | 项目 | 年初至报告期期末金额 | 说明 | | --- | --- | --- | | 计入当期损益的政府补助（与企业业务密切相关，按照国家统 一标准定额或定量享受的政府补助除外） | 53,154.30 | | | 除上述各项之外的其他营业外收入和支出 | -14,415,575 ...

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 595,690.88, a decrease of 94.64% compared to the same period last year[22]. - The net profit attributable to shareholders was a loss of CNY 14,330,526.29, representing a decline of 270.87% year-on-year[22]. - The basic earnings per share were CNY -0.0717, a decrease of 271.50% year-on-year[22]. - The total comprehensive loss for the first half of 2020 was CNY 14,330,526.29, compared to CNY 3,900,649.71 in the same period of 2019, showing an increase in comprehensive losses of approximately 267.56%[135]. - The net loss for the first half of 2020 was CNY 14,330,526.29, compared to a net loss of CNY 3,900,649.71 in the same period of 2019, reflecting an increase in losses of approximately 267.56%[134]. - The company's total equity decreased to CNY 29,215,934.21 in the first half of 2020, down from CNY 43,545,993.71 in 2019, indicating a decline of about 33.14%[131]. Cash Flow and Liquidity - The net cash flow from operating activities was a negative CNY 9,928,989.78, an improvement of 17.69% compared to the previous year[22]. - The company reported a significant increase in financing cash flow, reaching CNY 8,000,000.00, compared to -CNY 48,000.00 in the same period last year, marking a 16,766.67% increase[38]. - Cash and cash equivalents at the end of the reporting period amounted to ¥194,648.57, representing 0.21% of total assets, a decrease of 0.90% compared to the previous year[44]. - The ending balance of cash and cash equivalents was 168,602.70 CNY, down from 1,856,165.64 CNY at the end of the first half of 2019[142]. - Cash inflows from operating activities totaled 2,224,024.34 CNY, down from 13,204,534.03 CNY in the first half of 2019[141]. - Cash outflows from operating activities were 12,153,014.12 CNY, compared to 25,267,976.56 CNY in the first half of 2019, showing a reduction in cash outflows[141]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 91,114,170.43, down 6.36% from the end of the previous year[22]. - Total liabilities increased to CNY 61,822,121.35 from CNY 53,683,956.42, marking an increase of about 15.5%[126]. - The company's net loss for the period resulted in retained earnings of CNY -1,030,771,842.39, compared to CNY -1,016,441,316.10 at the end of 2019[127]. - The non-current liabilities rose significantly from CNY 2,382,949.28 to CNY 9,715,262.68, an increase of approximately 307.5%[126]. - The company reported a negative net asset risk, with a net asset value of ¥2,929 million as of June 30, 2020, which could drop to ¥465 million if all liabilities are settled[56]. Operational Challenges - The company faces risks of operational stagnation due to a lack of market orders for its main products since December 2018, prompting a strategic shift towards renewable energy projects[53]. - The company is actively working to restore production and generate operating income to address liquidity risks[8]. - The company has four major bank accounts frozen, impacting its ability to execute court-ordered payments, with significant uncertainty regarding the lifting of these freezes[34]. - The company has been seeking transformation into new energy power station development and related EPC projects, but has not made substantial progress due to ongoing financial constraints[29]. Shareholder and Governance Changes - The controlling shareholder, Dayou Holdings, acquired 20 million shares of the company through judicial auction, increasing its stake from 2.8% to 12.80%[98]. - Significant changes in the board of directors occurred on May 17, 2020, with multiple resignations due to shareholder equity changes[116]. - The new general manager, Liu Wenping, was appointed on June 28, 2020, following the resignation of the previous general manager[117]. - The company underwent a change in controlling shareholder on April 30, 2020, with Dayou Holdings Co., Ltd. becoming the new controlling shareholder[107]. Research and Development - Research and development expenses decreased by 54.16% to CNY 336,693.71 from CNY 734,472.89 in the previous year[38]. - The company has completed the renovation and upgrade of a 1,700 square meter laboratory, focusing on enhancing core technology and design capabilities[31]. - The company has committed to increasing research and development investments to enhance its operational performance[73]. Legal and Compliance Issues - The company is pursuing legal action against its subsidiary, Shanghai James, to recover 15.48 million RMB in outstanding payments[76]. - The audit report issued by Zhongxing Huaguang CPA highlighted significant uncertainties regarding the company's ability to continue as a going concern[74]. - The company has frozen five bank accounts and was listed as a dishonest executor on December 25, 2019[72]. Market and Strategic Outlook - The company plans to continue monitoring market conditions and adjust strategies accordingly to enhance future performance[152]. - The company aims to improve its operational performance by expanding new businesses and actively collecting receivables[73]. - The company is focused on restoring normal operations and exploring new business opportunities[116].

2020 年第一季度报告 2020-034 2020 年 04 月 1 江苏华盛天龙光电设备股份有限公司 2020 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 江苏华盛天龙光电设备股份有限公司 2020 年第一季度报告全文 江苏华盛天龙光电设备股份有限公司 第二节 公司基本情况 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 | | --- | --- | --- | --- | | 营业总收入（元） | 554,405.16 | 4,918,288.87 | -88.73% | | 归属于上市公司股东的净利润（元） | -3,083,894.33 | -3,115,100.11 | 1.00% | | 归属于上市公司股东的扣除非经常性损 益的净利润（元） | -3,101,612.43 | -4,454,147.57 | ...

Financial Performance - The company reported a total revenue of 1,192.2825 million yuan for the year 2019[6]. - The company's operating revenue for 2019 was ¥17,186,793.43, representing a 79.47% increase compared to ¥9,576,609.27 in 2018[18]. - The net profit attributable to shareholders was -¥75,499,335.49, an improvement of 44.44% from -¥135,881,054.05 in the previous year[18]. - The net cash flow from operating activities was -¥11,354,957.87, showing a 62.72% reduction in losses compared to -¥30,462,027.43 in 2018[18]. - The total assets decreased by 45.87% to ¥97,306,531.79 from ¥179,772,150.19 at the end of 2018[18]. - The company's cumulative undistributed profits reached -CNY 940,941,980.61, indicating significant operational losses and a shortage of working capital[82]. - The company reported a negative retained earnings of CNY -1,016,441,316.10 in 2019 compared to CNY -940,941,980.61 in 2018, indicating an increase in losses[196]. Risk Management - The company has identified foreign exchange risk primarily related to its holdings in USD, JPY, and EUR, but considers the risk to be minor due to the small proportion of these currencies in total assets[5]. - The company has implemented measures to manage liquidity risk, including increasing sales efforts and monitoring cash equivalents[5]. - The company has reduced credit risk by controlling credit limits and conducting credit approvals[5]. - The company’s management believes that the credit risk has been significantly reduced through ongoing monitoring and analysis of accounts receivable[5]. - The company has recognized a bad debt provision of 1.4 million yuan related to the unpaid transfer amount, indicating uncertainty about the future cash inflow from this transaction[78]. Corporate Governance - The company has adhered to its commitments regarding related party transactions and competitive practices[72]. - The company has ensured that all related party transactions will adhere to fair market principles and comply with relevant laws and regulations[75]. - The company has established a governance structure that complies with relevant laws and regulations, ensuring a high level of corporate governance[156]. - The board of directors consists of 5 members, including 2 independent directors, and operates in accordance with legal requirements[159]. - The company maintains complete independence from its controlling shareholder in terms of business, personnel, assets, and finance, with no instances of fund occupation or guarantees provided to the controlling shareholder[158]. Legal Matters - The company has filed a lawsuit against Guangdong Bosen Photovoltaic Technology Co., Ltd. to recover the remaining CNY 60 million of the total CNY 95 million owed for equipment supplied, with a court ruling in favor of the company[80]. - The company has ongoing litigation related to the recovery of prepayments totaling approximately 1.497 million yuan[100]. - Jiangsu Huasheng Tianlong Optoelectronic Equipment Co., Ltd. has been involved in multiple legal cases regarding debt recovery and repayment obligations[100]. - The company is required to return equity repurchase funds of 1.406 million yuan to the plaintiff, along with interest[98]. - The company has been ordered to pay 770,000 yuan in equity repurchase funds and interest to another plaintiff[99]. Research and Development - The company has not launched new products but has upgraded its laboratory and maintained its core technology and design capabilities[28]. - The company’s research and development expenses decreased by 80.67% to CNY 1,088,694.95, primarily due to reduced personnel costs and materials[47]. - The company’s R&D investment in 2019 was approximately ¥1.09 million, accounting for 6.33% of its operating revenue[49]. - The number of R&D personnel decreased from 44 in 2017 to 6 in 2019, with the proportion of R&D personnel to total employees dropping from 13.84% to 11.32%[49]. Shareholder Information - The total number of shares is 200,000,000, with 100% being unrestricted shares[124]. - The largest shareholder, Changzhou Noah Technology Co., Ltd., holds 21.89% of the shares, totaling 43,788,606 shares[127]. - The number of shareholders increased from 17,727 to 19,551 during the reporting period[126]. - The company has not issued any new shares or conducted any capital increases during the reporting period[125]. Operational Challenges - The company has not received any new orders for its main products, indicating a potential risk of business stagnation[59]. - The company’s production line was completely shut down, and only one processing order was obtained during the reporting period[184]. - The company is facing major uncertainties regarding its ability to continue as a going concern due to a sharp decline in market demand for its main products, leading to a complete shutdown of production lines[82]. - The company has reported a significant amount of long-term unprocessed bad assets and has five frozen bank accounts[89]. Audit and Financial Reporting - The company has received a non-standard audit report with a significant uncertainty regarding its ability to continue as a going concern[78]. - The audit report issued by Zhongxing Caiguanghua Accounting Firm noted a reserve opinion due to issues related to inventory impairment provisions and loss of control over a subsidiary[179]. - The financial report reflects the company's operational results and cash flow for the year 2019, with no significant discrepancies noted[179]. - The audit report was signed on April 27, 2020, indicating the financial statements were prepared in accordance with accounting standards[179].