Group 1: Company Overview - The company is Zhuhai Orbital Aerospace Technology Co., Ltd., with stock code 300053 and abbreviation 欧比特 [1] - The company specializes in aerospace electronics and satellite data services, focusing on the development of the "Zhuhai-1" remote sensing micro-nano satellite constellation [3][4] Group 2: Business Operations - The company has completed the non-public issuance of shares to fund 14 satellites for the "Zhuhai-1" project [3] - The company has signed over ten strategic cooperation agreements since the launch of its experimental satellite in June last year, indicating a steady increase in satellite business [3] Group 3: Market Potential - The commercial remote sensing satellite industry in China is expected to grow at a rate of 35% in the coming years, with the overall geographic information industry projected to reach several hundred billion yuan by 2020 [4] - The company aims to provide high-quality satellite big data products and services, leveraging its capabilities in real-time processing and rapid data mining [4][5] Group 4: Competitive Advantages - The company operates the only remote sensing satellite constellation in the Guangdong-Hong Kong-Macao Greater Bay Area, which provides a regional development advantage [6] - The company has a strong talent pool, including experts and senior engineers in aerospace electronics and geographic information [7][8] Group 5: Financial Health - The company reports sufficient operating funds, with accounts receivable primarily from government and state-owned enterprises, indicating low risk of bad debts [5] - The company is exploring mergers and acquisitions as part of its strategic development to enhance its market position [5][6] Group 6: Future Developments - The company plans to accelerate the research and development of next-generation artificial intelligence chips, integrating cutting-edge technology into its products [6][8] - The company is establishing incubation bases in multiple cities to foster satellite big data and product circulation platforms, aiming to create an industrial cluster [10]

股票代码：300053 股票简称：欧比特 珠海欧比特宇航科技股份有限公司投资者关系活动记录表 编号：2022-001 | --- | --- | --- | --- | |-------------------------|------------------------------------------------------------------|----------------------------------------------------|-------------| | | | | | | 投资者关系活动类 | □特定对象调研 □分析师会议 | | | | 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 | （请文字说明其他活动内容） | | | 参与单位名称及人 员姓名 | 线上参与公司欧比特 者 | 2021 年度网上业绩说明会的投资 | | | | 2022 年 05 月 10 | 日（星期二）下午 15:00-17:00 | | | 时间 | "欧比特投资者关系"微信小程序 | | | | ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥86,400,532.33, a decrease of 54.79% compared to the same period last year[7]. - The net profit attributable to shareholders was -¥279,439,783.84, representing a decline of 2,600.91% year-on-year[7]. - The net profit after deducting non-recurring gains and losses was -¥258,926,694.66, down 3,360.49% from the previous year[7]. - The total operating revenue for the current period is 354,368,460.71, a decrease of 31.8% compared to 519,727,148.77 in the previous period[36]. - The net profit for the current period is -262,739,871.61, compared to a net profit of 43,344,312.43 in the previous period, indicating a significant loss[39]. - The total comprehensive income for the period attributable to the parent company was -261,637,961.57 CNY, a decrease of 43,235,099.57 CNY compared to the previous period[41]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,620,793,511.35, a decrease of 7.25% from the end of the previous year[7]. - The total assets amount to 3,620,793,511.35, a decrease from 3,903,715,588.70 in the previous period[35]. - Non-current liabilities total 161,692,641.24, an increase from 128,318,235.30 in the previous period[35]. - The company's total liabilities amount to 809,448,500.56, down from 830,684,335.60[35]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 47,499, with the largest shareholder, Zhuhai Gree Financial Investment Management Co., holding 15.08%[16]. - The largest individual shareholder, Yan Jun, held 9.67% of the shares, amounting to 67,882,194 shares[16]. Cash Flow - Cash flow from operating activities was -¥85,518,162.35, a decrease of 7.17% year-on-year[7]. - Cash received from operating activities decreased by 40.14% to ¥31,425,863.24, primarily due to a reduction in project guarantee deposits recovered[15]. - Cash inflow from operating activities was 305,406,391.29 CNY, down 44.4% from 549,611,611.82 CNY in the previous period[43]. - Cash outflow from operating activities totaled 390,924,553.64 CNY, a decrease of 37.9% compared to 629,410,202.49 CNY in the previous period[43]. - The net cash flow from operating activities was -85,518,162.35 CNY, compared to -79,798,590.67 CNY in the previous period[43]. Investment Activities - Cash received from investment activities dropped by 60.90% to ¥314,000,000.00, primarily due to a decrease in financial investments[15]. - Cash inflow from investment activities was 314,878,621.65 CNY, down 63.0% from 849,671,366.59 CNY in the previous period[45]. - The net cash flow from investment activities was -66,301,877.56 CNY, compared to 1,262,796.70 CNY in the previous period[45]. Operational Challenges - The company reported a significant increase in accounts receivable by 80.84% to ¥18,152,119.81 due to customer bill settlements[12]. - The company experienced a 37.67% decrease in cash and cash equivalents, totaling ¥245,904,897.19, primarily due to investments in ongoing projects and R&D[12]. - The company recorded an asset impairment loss of -¥195,538,762.97, a staggering increase of 8,370.11% year-on-year, mainly due to impairment of intangible assets[12]. - The company faced legal challenges, with its wholly-owned subsidiary listed as a dishonest executor in two separate cases, with total execution amounts of ¥1.06 million and ¥320,000[25]. - The company was included in the U.S. Department of Commerce's entity list, which may impact its international operations[25]. Strategic Initiatives - The company signed an investment agreement to establish a new headquarters project in Xinjiang, aiming for regional market expansion[28]. - The company implemented a 2022 employee stock ownership plan to enhance long-term incentives and align interests between the company and its employees[28]. - The company purchased liability insurance for its directors and senior management to strengthen its risk management framework[25]. - The company canceled the second extraordinary general meeting of 2022 to better align with market conditions and stakeholder interests[29]. Research and Development - Research and development expenses for the current period are 46,099,002.00, up from 41,491,796.05 in the previous period, reflecting a 13.0% increase[36].

Financial Performance - The company reported a total revenue of 300 million RMB for the first half of 2022, representing a year-on-year increase of 25%[21]. - The net profit attributable to shareholders was 50 million RMB, an increase of 15% compared to the same period last year[21]. - The company's operating revenue for the reporting period was ¥267,967,928.38, a decrease of 18.46% compared to the same period last year[29]. - The net profit attributable to shareholders was ¥16,748,192.97, down 48.50% year-on-year[29]. - The net profit after deducting non-recurring gains and losses was ¥7,924,407.90, reflecting a decline of 66.21% compared to the previous year[29]. - Basic earnings per share were ¥0.0239, down 48.38% from ¥0.0463 in the same period last year[29]. - Total assets at the end of the reporting period were ¥3,867,685,165.84, a decrease of 0.92% from the end of the previous year[29]. - The net assets attributable to shareholders increased by 0.55% to ¥3,088,237,955.10 compared to the previous year[29]. - The total revenue for the period was approximately ¥267.97 million, a decrease of 18.46% compared to the same period last year[132]. - Gross profit margin improved to 43.05%, an increase of 5.87% year-over-year[132]. Market Expansion and Strategy - User data showed a growth in active users by 30%, reaching 1.5 million users by the end of June 2022[21]. - The company plans to launch two new satellite products in Q4 2022, aiming to capture a larger market share in the aerospace sector[21]. - Future outlook indicates a projected revenue growth of 20% for the full year 2022, driven by increased demand for satellite data services[21]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[21]. - The company is focusing on expanding its market presence and developing new direct customer relationships as part of its sales strategy[74]. - The company has established good cooperation with various aerospace institutions, which is crucial for entering the commercial aerospace sector[84]. Research and Development - Research and development expenses increased by 40% to 60 million RMB, focusing on AI and satellite technology advancements[21]. - The company is steadily advancing its aerospace electronics, satellite and satellite big data, and artificial intelligence business segments, enhancing operational management and collaboration between parent and subsidiary companies[56]. - The company is developing a new generation of AI chips for high-speed data processing in aerospace computing platforms, focusing on applications in various fields such as education, healthcare, and finance[61]. - The artificial intelligence research institute is focused on algorithms and systems for satellite data processing, enhancing capabilities in geographic information analysis[101]. - The company has increased R&D investment to develop AI+ hardware and software security devices, releasing high-performance products including face capture cameras and face recognition servers[72]. Risks and Challenges - The company faces potential risks related to supply chain disruptions and regulatory changes in the aerospace industry[5]. - The company is facing technology risks due to rapid advancements in the industry, but it is increasing R&D investments to enhance product upgrades[168]. - Management risks are present as the company expands its operations and complexity, necessitating improved governance and internal controls[169]. - The company’s satellite big data business development has been delayed due to government clients reducing or postponing investments in "smart cities" and "digital economy," resulting in revenue not meeting expectations[151]. Subsidiaries and Acquisitions - A strategic acquisition of a technology firm is expected to enhance the company's capabilities in satellite data processing[21]. - The subsidiary Guangdong Boya Information Technology Co., Ltd. reported a net profit of -RMB 1,620.16 million, indicating a loss[164]. - The subsidiary Guangdong Huiyu Intelligent Surveying Technology Co., Ltd. generated operating income of RMB 9,173.72 million with a net profit of RMB 1,409.93 million[164]. - The company has completed several acquisitions, resulting in goodwill on its balance sheet, with ongoing assessments to manage potential impairment risks[174]. Environmental and Social Responsibility - The company emphasizes corporate social responsibility, balancing economic and social benefits[186]. - The company has implemented measures to reduce carbon emissions, although specific effects were not disclosed[185]. - The company and its subsidiaries are not classified as key pollutant discharge units by the environmental protection department[184]. - There were no administrative penalties due to environmental issues during the reporting period[185]. Legal Matters - There are ongoing litigation matters involving the company, with a total amount of 3,817,000 yuan involved in one case[194]. - The company has received a final judgment in a contract dispute case, confirming that certain guarantee contracts do not have legal effect[199]. - The company is involved in a contract dispute case with Guangdong Province High Court, with a ruling issued on January 14, 2022, confirming that six contracts are legally ineffective against Guangdong Boya Information Technology Co., Ltd.[200].

Financial Performance - The company reported a significant decline in annual performance, with specific reasons and improvement measures detailed in the management discussion section of the report[4]. - The company's operating revenue for 2021 was ¥696,010,561.61, a decrease of 19.98% compared to ¥869,831,525.64 in 2020[27]. - The net profit attributable to shareholders for 2021 was ¥42,636,497.10, down 60.56% from ¥108,109,682.48 in 2020[27]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥24,105,049.65, a decrease of 50.74% from ¥48,936,530.49 in 2020[27]. - The gross margin reported was 40%, which is an improvement from 35% in the previous year[21]. - The company reported a significant increase in cash flow from operating activities in the fourth quarter, amounting to ¥231,445,534.97[29]. - The total assets at the end of 2021 were ¥3,903,715,588.70, a slight decrease of 0.75% from ¥3,933,246,526.61 at the end of 2020[27]. - The net assets attributable to shareholders increased by 1.33% to ¥3,071,448,978.36 at the end of 2021 compared to ¥3,031,228,449.17 at the end of 2020[27]. - The basic earnings per share for 2021 was ¥0.061, down 60.65% from ¥0.155 in 2020[27]. - The diluted earnings per share for 2021 was also ¥0.061, reflecting the same percentage decrease as basic earnings[27]. Market Expansion and Strategy - The company is actively expanding its market presence and improving its marketing system to enhance product visibility, despite potential risks from slower-than-expected market promotion[7]. - Market expansion plans include entering the Southeast Asian market, targeting a market share of 15% within two years[21]. - The company has acknowledged the risk of market expansion and is taking measures to mitigate potential impacts on performance[7]. - The company aims to leverage national policies and market trends to expand its applications in government, industry, and consumer sectors[43]. - The company is implementing a one-stop business model for satellite big data, integrating data collection, operation, and processing[54]. Research and Development - The company has increased its R&D investment to enhance product technology and accelerate product upgrades, focusing on market-oriented new product development[5]. - The company is investing in AI chip development, with a budget allocation of 100 million yuan for research and development[21]. - The R&D expenses for 2021 were CNY 56.96 million, a slight decrease of 2.55% year-on-year[116]. - The company aims to enhance its core competitiveness in the AI field through the development of high-performance embedded AI chips[117]. - The company is focusing on the development of core technologies and components for the aerospace industry, emphasizing the need for domestic production capabilities[38]. Acquisitions and Goodwill - The company has completed acquisitions of several firms, including Platinum Information and Intelligent Building Electronics, resulting in goodwill on the balance sheet, with some goodwill already fully impaired[9]. - The company completed the acquisition of a local tech firm for 300 million yuan to enhance its capabilities in satellite data processing[21]. - The company has completed acquisitions of several firms, which have resulted in goodwill that requires annual impairment testing[159]. Technology and Innovation - The company is committed to maintaining accurate financial reporting and has ensured that all board members attended the meeting to review the annual report[4]. - The integration of satellite big data with artificial intelligence technology is expected to significantly enhance data analysis and processing capabilities[43]. - The company is actively pursuing the development of intelligent hardware and systems in the smart city sector, particularly in smart security and transportation[50]. - The company has developed AI modules and systems for various sectors, including education, healthcare, and finance, leveraging deep learning and neural networks[59]. - The company has launched high-performance hardware products, including facial recognition cameras and identity verification systems, to adapt to the evolving security market[60]. Governance and Compliance - The company has established a complete governance structure in compliance with relevant laws and regulations, enhancing its operational and governance standards[165]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with legal requirements[168]. - The company has independent research, production, supply, and sales systems, demonstrating its capability for autonomous operations[176]. - The company has established specialized committees, with independent directors constituting two-thirds of the members, providing professional opinions for decision-making[169]. - The company strictly adheres to information disclosure regulations, ensuring timely and accurate communication with investors[173]. Challenges and Risks - The company faces risks related to technology, management, market expansion, talent retention, goodwill impairment, and project implementation[158][159][160]. - The company has acknowledged the risk of market expansion and is taking measures to mitigate potential impacts on performance[7]. - The company’s overall business performance faced challenges due to litigation and the impact of the pandemic on its subsidiaries[95]. - The satellite big data business has faced delays in market expansion, resulting in lower-than-expected revenue due to reduced investment from government clients[143]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 30%[21]. - The company aims to enhance its core competitiveness in satellite data and geographic information through strategic development in satellite constellations and big data applications[54]. - The company plans to focus on enhancing profitability in its three main business segments: aerospace electronics, satellite big data, and artificial intelligence[153]. - The company aims to leverage national strategies such as aerospace autonomy, big data, and smart city development to drive future growth[153].

Financial Performance - The company's revenue for Q1 2022 was ¥138,265,978.12, a decrease of 1.18% compared to ¥139,910,989.80 in the same period last year[4] - Net profit attributable to shareholders was ¥7,995,919.36, down 53.57% from ¥17,221,923.46 year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥4,111,820.34, a decline of 69.04% compared to ¥13,281,602.62 in the previous year[4] - Total operating revenue for the current period was ¥138,265,978.12, a decrease of 1.18% from ¥139,910,989.80 in the previous period[21] - Net profit for the current period was ¥7,955,709.71, down 53.55% from ¥17,122,313.70 in the previous period[21] - Basic and diluted earnings per share decreased to ¥0.0115 from ¥0.0245 in the previous period[23] Cash Flow and Assets - The net cash flow from operating activities was -¥72,974,889.20, an improvement of 12.46% from -¥83,359,417.28 in the same period last year[4] - Cash flow from operating activities showed a net outflow of ¥72,974,889.20, compared to a net outflow of ¥83,359,417.28 in the previous period[25] - Cash and cash equivalents decreased by ¥61,212,984.44, a reduction of 47.76% compared to the previous period[8] - Cash and cash equivalents at the end of the period were ¥181,041,506.88, an increase from ¥142,423,186.90 at the end of the previous period[26] - Total assets at the end of the reporting period were ¥3,837,540,574.08, a decrease of 1.70% from ¥3,903,715,588.70 at the end of the previous year[4] - Total current assets decreased from ¥1,748,126,525.70 to ¥1,684,091,484.23, a decline of approximately 3.67%[18] - Cash and cash equivalents decreased from ¥394,497,582.82 to ¥324,767,172.16, a decrease of about 17.66%[16] - Total liabilities decreased from ¥830,684,335.60 to ¥756,528,441.12, a reduction of approximately 8.93%[19] - Total assets decreased from ¥3,903,715,588.70 to ¥3,837,540,574.08, a decline of about 1.69%[19] - Non-current assets remained relatively stable, decreasing slightly from ¥2,155,589,063.00 to ¥2,153,449,089.85[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 45,554, with the top 10 shareholders holding 15.08% and 11.67% of shares respectively[9] - The largest shareholder, Zhuhai Gree Financial Investment Management Co., Ltd., holds 105,904,291 shares, representing 15.08% of total shares[9] - The controlling shareholder, Zhuhai Gree Financial Investment Management Co., Ltd., plans to transfer 35,739,853 shares (5.09% of total shares) to Hainan Zhongxing Future Private Investment Fund Partnership[15] - The shareholder Yan Jun will irrevocably waive voting rights corresponding to 17,905,035 shares (2.55% of total shares) as part of the agreement with the controlling shareholder[15] - As of the end of the reporting period, Yan Jun holds 61,434,145 restricted shares, which will be unlocked at a rate of 25% annually[12] - The company reported a total of 69,570,008 restricted shares at the beginning of the period, with 5,644,613 shares released during the period[12] Government and Subsidies - The company received government subsidies amounting to ¥4,288,274.84 during the reporting period[5] - Other income increased to ¥4,288,274.84 from ¥3,823,906.01 in the previous period, reflecting improved financial performance in this area[21] Operational Efficiency - Total operating costs increased to ¥126,317,400.24, up 6.93% from ¥119,084,951.00 in the previous period[21] - The company reported a decrease in sales expenses to ¥5,265,838.19 from ¥6,114,306.11 in the previous period, suggesting cost control measures[21] - The company achieved a gross margin of 40% in 2022, up from 35% in the previous year, indicating improved operational efficiency[28] Research and Development - Research and development expenses rose to ¥12,853,414.69, compared to ¥12,108,546.23 in the previous period, indicating a focus on innovation[21] - Research and development expenses increased by 30% in 2022, totaling 300 million RMB, to enhance technological capabilities[28] Strategic Initiatives - The company has ongoing litigation related to a series of guarantee contracts involving Li Xiaoming, with significant implications for future cases[11] - The company has a strategic focus on expanding its satellite and satellite big data business through the restructuring of its subsidiaries[14] - The company plans to use up to RMB 150 million of idle raised funds and RMB 200 million of idle self-owned funds for cash management, including structured deposits and government bond reverse repos[11] - The company is exploring potential mergers and acquisitions to strengthen its position in the aerospace sector, with a budget of 500 million RMB allocated for this purpose[28] - A new strategic partnership was formed with a leading telecommunications provider, expected to enhance service offerings and increase revenue by 15%[28] Future Outlook - The company reported a revenue of 1.2 billion RMB for the fiscal year 2022, representing a year-over-year growth of 15%[28] - User data indicates an increase in active users by 25% year-over-year, reaching 500,000 users by the end of Q1 2022[28] - The company has set a revenue guidance of 1.5 billion RMB for the fiscal year 2023, reflecting an expected growth of 25%[28] - New product development includes the launch of a satellite communication device, projected to generate 200 million RMB in sales within the first year[28] - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2025[28] - The company plans to invest 100 million RMB in sustainable technologies over the next three years to align with environmental goals[28]

Financial Performance - The company reported a significant decline in annual performance, with specific reasons and improvement measures detailed in the management discussion section of the report[5]. - The company's operating revenue for 2021 was ¥696,010,561.61, a decrease of 19.98% compared to 2020[30]. - The net profit attributable to shareholders for 2021 was ¥42,636,497.10, down 60.56% from the previous year[30]. - The net profit after deducting non-recurring gains and losses was ¥24,105,049.65, a decrease of 50.74% year-on-year[30]. - The total revenue for the company was 435,002,288.00 yuan, reflecting an 18.01% decrease compared to the previous year[119]. - The artificial intelligence business segment achieved sales revenue of 131.17 million yuan, a decrease of 54.08% compared to the same period last year, accounting for 18.85% of total revenue[97]. - The satellite big data business segment achieved sales revenue of 418.61 million yuan, a decrease of 8.32% compared to the previous year, accounting for 60.14% of total sales revenue[88]. - The company reported a gross margin of 67.74% for the aerospace electronics segment, with a year-on-year decrease of 2.68%[114]. - The gross margin for the satellite constellation and satellite big data segment was 32.11%, down by 7.07% compared to the previous year[114]. Research and Development - The company has increased its R&D investment to enhance product upgrades and technological breakthroughs, focusing on embedded SoC/SIP chips, aerospace electronic systems, and AI applications[6]. - The company is investing 100 million yuan in R&D for advanced AI modules to improve product efficiency and performance[24]. - R&D investment amounted to ¥118,498,728.41 in 2021, a decrease of 41.06% from ¥201,702,299.95 in 2020, with the R&D expense as a percentage of revenue dropping to 17.03% from 23.19%[130]. - The number of R&D personnel decreased by 1.22% to 325 in 2021, while the proportion of R&D personnel to total employees increased to 36.30% from 30.70%[128]. - The company has successfully developed multiple testing devices for various aerospace units, ensuring strong market sales for testing equipment[86]. - The company has launched the "Zhu Hai No.1" satellite constellation with 12 satellites, capable of global coverage every 2.5 days and revisiting specific areas every day[79]. - The company has made significant progress in AI technology, achieving over 80% accuracy in interpreting drone images across 7 categories[101]. Market Expansion and Strategy - The company plans to enhance its marketing efforts to improve product visibility and address potential market expansion risks[8]. - The company is expanding its market presence in Southeast Asia, targeting a 15% market share by the end of the next fiscal year[24]. - A strategic acquisition of a local tech firm was announced, aimed at enhancing the company's AI capabilities and product offerings[24]. - The company aims to respond quickly to market trends in remote sensing satellite big data applications across various sectors, including government and consumer markets[47]. - The company is actively promoting the application of its "Zhu Hai No.1" hyperspectral satellite data in various industries, including vegetation and water bodies[82]. - The company plans to continue integrating its industry chain to optimize its business structure and enhance its market position[79]. Organizational Structure and Governance - The company is optimizing its organizational structure and internal controls to improve overall management and operational capabilities[7]. - The company has established strong partnerships with national aerospace resources, leveraging over 20 years of experience in the aerospace system service sector[76]. - The company has established independent governance structures, including a shareholders' meeting, board of directors, and supervisory board[185]. - The company has maintained compliance with corporate governance regulations, ensuring that shareholder meetings are conducted transparently and fairly[170]. - The company has set up specialized committees within its board, ensuring independent oversight and compliance with governance standards[173]. Risks and Challenges - The company faces risks related to talent retention, emphasizing the need for high-quality technical personnel in specialized fields[9]. - The company has identified potential risks in market promotion that could impact performance if not addressed adequately[8]. - The "Zhuhai No. 1" remote sensing micro-nano satellite constellation project is underway, but there are risks related to macroeconomic conditions and market environments that could affect its success[12]. - The company recognizes the impact of the COVID-19 pandemic on operations and plans to implement measures to ensure task completion[162]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 20% to 1.44 billion yuan[24]. - The management has outlined a positive outlook for the upcoming fiscal year, focusing on increasing revenue through new product launches and market expansion strategies[198]. - The company aims to set ambitious performance targets for the next fiscal year, aiming for a revenue growth of over 20%[198]. - The overall market outlook remains positive, with expectations for increased demand in the aerospace technology sector[192].

Financial Performance - The company's revenue for Q3 2021 was ¥191,091,529.47, representing a decrease of 7.41% compared to the same period last year[3]. - Net profit attributable to shareholders for Q3 2021 was ¥11,173,537.00, down 37.71% year-on-year[3]. - The net profit after deducting non-recurring gains and losses was ¥7,941,340.89, a decrease of 20.93% compared to the same period last year[3]. - The weighted average return on net assets was 0.38%, down 37.70% year-on-year[3]. - The basic earnings per share for Q3 2021 was ¥0.0159, a decrease of 37.84% year-on-year[3]. - Total operating revenue for the current period is ¥519,727,148.77, a decrease of 5.1% from ¥547,659,463.57 in the previous period[26]. - Operating profit for the current period is ¥50,829,160.11, a decline of 10.8% compared to ¥56,496,484.38 in the previous period[27]. - Net profit for the current period is ¥43,344,312.43, down 12.8% from ¥49,463,227.50 in the previous period[27]. - Basic earnings per share decreased to ¥0.0622 from ¥0.0704 in the previous period, reflecting a decline of 11.6%[27]. Cash Flow and Investments - Cash flow from operating activities for the year-to-date was -¥79,798,590.67, an increase of 35.80% compared to the same period last year[3]. - Cash inflow from investment activities totaled ¥849,671,366.59, down 38.9% from ¥1,391,513,683.19 in the previous period[29]. - Cash outflow for the purchase of fixed assets and intangible assets was ¥110,408,569.89, a decrease of 54.5% from ¥242,732,716.83 in the previous period[29]. - Total cash outflow from investment activities was approximately ¥848.41 million, compared to ¥1,505.08 million in the previous period[30]. - Net cash flow generated from investment activities was ¥1.26 million, a significant improvement from a net outflow of ¥113.57 million in the previous period[30]. - Total cash inflow from financing activities was ¥31.21 million, down from ¥116.84 million in the previous period[30]. - Net cash flow from financing activities was a negative ¥73.43 million, contrasting with a positive net flow of ¥11.93 million in the previous period[30]. - The net decrease in cash and cash equivalents was ¥152.67 million, slightly better than the previous period's decrease of ¥160.50 million[30]. - The ending balance of cash and cash equivalents was ¥106.93 million, compared to ¥107.73 million at the end of the previous period[30]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,869,773,664.35, a decrease of 1.61% from the end of the previous year[3]. - As of September 30, 2021, the company's total current assets amounted to ¥1,774,820,308.57, a decrease of 4.84% from ¥1,865,293,758.54 on December 31, 2020[20]. - The company's cash and cash equivalents were ¥256,779,350.27, down 35.3% from ¥396,480,844.51 at the end of 2020[20]. - Total liabilities decreased to ¥795,473,272.37, down 11.65% from ¥900,395,629.36 in the previous year[22]. - The company's total assets were reported at ¥3,869,773,664.35, a decrease of 1.62% from ¥3,933,246,526.61 at the end of 2020[23]. - The company reported a total equity of ¥3,074,300,391.98, an increase from ¥3,032,850,897.25 in the previous year[23]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 49,228, with the largest shareholder holding 15.08%[8]. - The company’s major shareholder, Zhuhai Gree Financial Investment Management Co., Ltd., holds 105,904,291 shares, representing 15.08% of total shares[10]. Other Financial Metrics - Cash received from the disposal of subsidiaries increased by 1294.11% to ¥44,611,500.00, mainly from the equity transfer of Zhuhai Jinte[7]. - The company reported a significant increase in non-operating income by 687.23% to ¥84,216.72, attributed to insurance claims received by subsidiaries[7]. - The company reported a significant increase in credit impairment losses, amounting to ¥13,983,092.01 compared to ¥4,256,669.78 in the previous period[27]. - The company's credit impairment losses increased by 228.50% to -¥13,983,092.01 due to provisions for bad debts in accordance with credit policies[7]. Compliance and Reporting - The third quarter report was not audited, indicating potential limitations in the reliability of the financial data presented[32]. - The company did not adjust the beginning balance sheet items due to the new leasing standards, as it did not involve relevant business adjustments[31]. - The company’s board of directors released the third quarter report on October 27, 2021[33].

Acquisitions and Goodwill - The company has completed acquisitions of several firms, including Platin Information and Huaiyu Intelligent, resulting in goodwill on the balance sheet, with full impairment recognized for the goodwill from Platin Information[8]. - The company is leveraging its resources as a listed entity to support the development of acquired businesses and minimize the impact of goodwill on future performance[8]. - The company has made significant acquisitions, including Platinum Information and Huiyu Technology, to strengthen its capabilities in intelligent image analysis and remote sensing image processing[89]. Financial Performance - The company's operating revenue for the reporting period was ¥328,635,619.30, a decrease of 3.70% compared to ¥341,275,468.14 in the same period last year[24]. - The net profit attributable to shareholders of the listed company was ¥32,519,064.63, representing an increase of 3.33% from ¥31,471,983.46 in the previous year[24]. - The net profit after deducting non-recurring gains and losses was ¥23,450,662.38, which is a 23.50% increase compared to ¥18,987,859.86 in the same period last year[24]. - The net cash flow from operating activities was -¥99,641,448.03, a decline of 4.91% from -¥94,980,758.80 in the previous year[24]. - The total assets at the end of the reporting period were ¥3,857,144,939.71, a decrease of 1.93% from ¥3,933,246,526.61 at the end of the previous year[24]. - The net assets attributable to shareholders of the listed company were ¥3,062,882,529.54, an increase of 1.04% from ¥3,031,228,449.17 at the end of the previous year[24]. - The basic earnings per share for the reporting period was ¥0.0463, up 3.35% from ¥0.0448 in the same period last year[24]. - The diluted earnings per share was also ¥0.0463, reflecting the same growth of 3.35% compared to the previous year[24]. - The weighted average return on net assets remained stable at 1.07%[24]. Research and Development - The company is enhancing its R&D investment to improve product technology and accelerate product upgrades, aiming for significant breakthroughs in various application fields[4]. - The company is actively pursuing new product development and technological advancements to maintain its competitive edge in the high-tech sector[4]. - The company has developed over 100 proprietary software products in geographic information and intelligent surveying, which are crucial for its strategic development[38]. - The artificial intelligence research institute focuses on improving the efficiency of remote sensing data processing through advanced algorithms, significantly enhancing data accuracy and practicality[40]. - The company is actively developing a new generation of AI chips for high-speed data processing in aerospace applications[39]. - The company has increased R&D investment in AI+ hardware and software security devices, launching high-performance hardware products and various software solutions[42]. Market and Industry Trends - The aerospace industry is experiencing rapid growth, with increasing demand for domestically produced high-reliability and high-performance components[50]. - The domestic chip self-sufficiency rate is targeted to reach 70% in the next five years, up from approximately 30% in 2019, indicating significant market potential[51]. - The satellite remote sensing industry is expected to see substantial growth, with the geographic information industry projected to reach a total output value of 1,075 billion yuan by 2021[52]. - The commercial remote sensing industry generated approximately $35.8 billion in revenue from 2013 to 2022, with data and value-added products expected to reach $37.7 billion[53]. - The geographic information industry is projected to reach a market size of ¥184.5 billion in 2021, indicating significant growth potential[55]. - The artificial intelligence market in China reached ¥160.8 billion in 2020, with a projected growth rate of 30% in 2021, aiming to exceed ¥500 billion by 2025[56]. - The facial recognition market is expected to grow at an annual rate of 25% over the next five years, driven by increasing demand in security and financial sectors[57]. - The global AI chip market is anticipated to reach $30 billion by 2025, with a compound annual growth rate of approximately 37% from 2019 to 2025[58]. Strategic Initiatives - The company plans to implement the "Zhu Hai No. 1" remote sensing micro-nano satellite constellation project, which is expected to significantly increase fixed and intangible assets, leading to higher annual depreciation and amortization[9]. - The company is focusing on talent retention strategies to mitigate the risk of losing skilled professionals critical to its competitive advantage[7]. - The company is committed to optimizing its organizational structure and improving internal controls to manage the complexities arising from its expanding business operations[5]. - The company is focusing on the aerospace electronics, satellite and satellite big data, and artificial intelligence sectors to enhance operational management and drive steady performance growth[32]. - The company is integrating AI technology with surveying capabilities to enhance data processing and analysis[38]. Legal and Compliance Issues - The company has faced a penalty of 115,500 CNY due to submission of false invoices during a government procurement activity[155]. - The company has reported ongoing litigation with uncertain impacts on current and future profits, including a case where the Guangdong High Court has suspended the execution of a previous judgment[152]. - The company has initiated a retrial application in several ongoing legal cases, indicating potential future liabilities[154]. - The company has implemented internal measures to strengthen invoice management and ensure compliance with accounting standards following the penalty[155]. - The company is actively pursuing legal recourse to mitigate the impact of Li Xiaoming's actions on its operations and investor interests[175]. Shareholder and Equity Information - The total number of shares before the change was 702,158,212, with 9.95% being restricted shares and 90.05% being unrestricted shares[180]. - The largest shareholder, Zhuhai Gree Financial Investment Management Co., Ltd., holds 15.08% of the shares, totaling 105,904,291 shares[183]. - The company repurchased 5,283,889 shares, accounting for 0.75% of the total share capital, with a total expenditure of 50,086,413.58 yuan[185]. - The company plans to use repurchased shares for employee stock ownership plans and equity incentive plans[185]. Cash Management and Investments - The company plans to use up to RMB 24,000,000.00 of idle raised funds and RMB 20,000,000.00 of idle self-owned funds for cash management from March 1, 2021, to February 28, 2022[136]. - The company invested RMB 67,800,000.00 in bank wealth management products, with an outstanding balance of RMB 5,800,000.00[128]. - The company has not made any significant equity investments during the reporting period[105]. - The company has not reported any significant non-equity investments during the reporting period[105]. Operational Challenges - The company has identified risks related to market promotion progress, which could impact performance growth if not adequately addressed[6]. - The company’s subsidiary, Bo Ya Information, faced operational difficulties due to litigation and the pandemic, but has made progress in market expansion and internal management adjustments[80]. - The satellite data business expansion has been delayed due to the pandemic and reduced investment from local governments[123].

Financial Performance - The company's revenue for Q1 2021 was ¥139,910,989.80, representing a 7.92% increase compared to ¥129,638,846.41 in the same period last year[7]. - Net profit attributable to shareholders decreased by 7.42% to ¥17,221,923.46 from ¥18,601,659.15 year-on-year[7]. - Basic and diluted earnings per share both decreased by 7.55% to ¥0.0245 from ¥0.0265 in the same period last year[7]. - The company reported a total of CNY 20,819.64 million used for supplementary working capital, including interest earned[47]. - The total comprehensive income for the first quarter was CNY 19,180,050.79, compared to CNY 12,218,924.40 in the previous year, representing a year-over-year increase of approximately 56.4%[76]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥-83,359,417.28, a decline of 149.39% compared to ¥-33,425,623.79 in the previous year[7]. - The company's cash and cash equivalents decreased by 25.03% to ¥297,235,030.51 due to reduced external financing[21]. - Cash inflows from operating activities amounted to CNY 216,139,587.70, up from CNY 161,626,713.55 in the same period last year, indicating a growth of about 33.8%[81]. - The net cash flow from investing activities was CNY 19,774,716.47, a significant improvement from CNY -76,656,714.86 in the previous year[82]. - The net cash flow from financing activities was CNY -53,239,337.21, compared to CNY 25,049,003.38 in the previous year, indicating a deterioration in financing conditions[82]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,887,716,744.67, down 1.16% from ¥3,933,246,526.61 at the end of the previous year[7]. - The total liabilities decreased to ¥837,377,178.70 from ¥900,395,629.36, indicating a reduction of about 7%[61]. - The company's inventory increased to CNY 448,673,035.56 from CNY 391,983,792.93, representing an increase of approximately 14.4%[55]. - The company's non-current assets totaled CNY 2,110,660,283.60, up from CNY 2,067,952,768.07, showing an increase of about 2.1%[57]. Operational Highlights - The company reported a 23.56% increase in operating costs to ¥77,543,408.58, attributed to increased satellite big data contract deliveries[21]. - The company achieved a 121.53% increase in cash received from investment income to ¥3,335,230.31, mainly from financial management income[23]. - The company has signed significant contracts, including a project worth ¥83.62 million, which is currently under normal execution[25]. - The company is currently advancing the development of its next batch of satellites and has submitted a launch plan application to the relevant authorities[46]. Strategic Initiatives and Risks - The company plans to enhance its market promotion efforts to mitigate market expansion risks and improve product recognition[29]. - The company is focusing on R&D investments to address technology risks and accelerate product upgrades[27]. - The company is facing risks related to the implementation of fundraising projects due to potential impacts from macroeconomic conditions and market environments[32]. - The company has acknowledged the risk of increased depreciation and amortization expenses following the implementation of fundraising projects, which could impact future profitability if the projects do not yield expected benefits[36]. Shareholder Information - The total number of shareholders at the end of the reporting period was 48,798, with the largest shareholder holding 15.08%[11]. - The company did not engage in any repurchase transactions during the reporting period[16]. - The company has not encountered any overdue commitments from actual controllers, shareholders, or related parties during the reporting period[41]. Talent Management - The company relies heavily on high-quality technical talent in fields such as aerospace, intelligent security, surveying, and big data, and is implementing measures to attract and retain such talent[30]. - The company has established a mechanism for talent introduction, training, and retention to mitigate the risk of talent loss, which could affect its core competitiveness[30]. Miscellaneous - The company received government subsidies amounting to ¥4,070,426.96 during the reporting period[7]. - The company has completed acquisitions of Platinum Information, Huiyu Intelligent, and Zhijian Electronics, which have resulted in goodwill on the balance sheet, and is focused on leveraging resources to minimize the impact of potential goodwill impairment[31]. - The first quarter report for 2021 was not audited[88].