华平信息技术股份有限公司 公告 出席本次年度报告说明会的人员有：公司董事长、总经理吕文辉先生，董 事、副总经理吴彪先生、独立董事徐国亮先生，财务总监雷秀贤女士，董事会秘 书李惠女士（具体参会人员将根据实际情况决定）。 证券代码：300074 证券简称：华平股份 公告编号：202304-014 华平信息技术股份有限公司 关于举行 2022 年度网上业绩说明会的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 华平信息技术股份有限公司（以下简称"公司"）定于2023年5月10日（星 期三）下午15:00-17:00在全景网举办2022年度业绩说明会，本次年度业绩说明 会将采用网络远程的方式举行，投资者可登陆全景网"投资者关系互动平台" （http://ir.p5w.net）参与本次年度业绩说明会。 1 为充分尊重投资者、提升交流的针对性，现就公司2022年度业绩说明会提 前向投资者公开征集问题，广泛听取投资者的意见和建议。投资者可于2023年5 月9日15:00前访问 http://ir.p5w.net/zj/，或扫描下方二维码，进入问题征集 专题页面。公司将 ...

证券代码：300074 证券简称：华平股份 华平信息技术股份有限公司投资者关系活动记录表 编号：201511-03 | --- | --- | --- | |-----------------------------|----------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

证券代码：300074 证券简称：华平股份 华平信息技术股份有限公司投资者关系活动记录表 编号：201506-02 | --- | --- | --- | |-------------------------|-------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

证券代码：300074 证券简称：华平股份 华平信息技术股份有限公司投资者关系活动记录表 编号：201506-01 | --- | --- | --- | |-------------------------|------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Revenue and Profitability - The company's revenue for Q3 2022 reached ¥135,537,601.33, representing a 134.55% increase year-over-year[5] - The net profit attributable to shareholders was -¥13,134,196.62, a decrease of 9.09% compared to the same period last year[5] - The basic earnings per share were -¥0.0247, reflecting a 9.52% improvement compared to the previous year[5] - The net loss for Q3 2022 was CNY 36,503,197.98, compared to a net loss of CNY 15,812,452.27 in Q3 2021, representing a year-over-year increase in loss of 130.8%[26] - The total comprehensive loss for Q3 2022 was CNY 36,503,197.98, compared to a comprehensive loss of CNY 15,812,452.27 in the previous year[26] Cash Flow - The cash flow from operating activities showed a significant increase, with a net amount of ¥28,756,601.09, up 190.77% year-to-date[5] - Operating cash flow for the period was ¥28,756,601.09, a significant improvement compared to the previous year's negative cash flow of -¥31,682,450.50[27] - Total cash inflow from operating activities reached ¥356,782,432.48, up from ¥271,735,559.21 in the same period last year, indicating a growth of approximately 31.3%[27] - Cash outflow from operating activities was ¥328,025,831.39, compared to ¥303,418,009.71 in the previous year, reflecting an increase of about 8.1%[27] - The company’s cash flow from operating activities has shown a positive trend, indicating improved operational efficiency and revenue generation capabilities[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,639,320,741.18, down 8.72% from the end of the previous year[5] - The total liabilities as of Q3 2022 amounted to CNY 486,999,316.53, a decrease from CNY 590,938,780.21 at the end of the previous period[25] - The total equity attributable to shareholders of the parent company was CNY 1,108,985,859.60, down from CNY 1,148,441,708.96 in the previous period[25] - Current assets decreased to CNY 867,112,502.08 from CNY 1,018,181,702.71, representing a reduction of about 14.8%[22] - Cash and cash equivalents dropped to CNY 109,163,681.39 from CNY 189,290,041.16, indicating a decline of approximately 42.3%[22] Expenses - Operating costs increased by 28.74% to ¥188,909,257.48, primarily due to revenue growth[11] - R&D expenses surged by 71.89% to ¥45,247,332.09, mainly attributed to the new subsidiary Xin Yihua's R&D costs[11] - Sales expenses rose by 20.46% to ¥52,294,717.04, largely due to the sales costs of the new subsidiary Xin Yihua[11] - The company reported a significant increase in other income, up 15831.14% to ¥3,986,098.48, mainly from overdue payment penalties received from clients[11] Investments - The company has made new investments, increasing other equity instrument investments by 100% to ¥6,000,000.00[9] - Investment income decreased by 37.76% to ¥7,621,151.22, as the investment in Xin Yihua shifted from equity method to cost method[11] - The net cash flow from investing activities was -¥66,801,477.79, reflecting payments for the acquisition of remaining equity interests in subsidiaries[11] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 32,462, with the largest shareholder holding 15.64%[12] - The largest shareholder, Zhihui Technology Investment (Shenzhen) Co., Ltd., holds 83,061,778 shares, with 11,000,000 shares pledged[12] Other Notable Events - The company completed the repurchase and cancellation of 3,313,275 restricted stocks on August 23, 2022, due to unmet performance conditions of the 2020 incentive plan[20] - The company appointed a new financial director, Lei Xiuxian, on August 18, 2022, following the resignation of the previous financial director, Cheng Linfang[18] - The company reported a decrease in inventory by 38.08%, amounting to ¥67,397,386.07, due to revenue recognition and cost transfer[9] - The company experienced a 76.59% reduction in other receivables, totaling ¥13,222,975.04, primarily from the recovery of significant inter-company funds[9] - The company experienced a 59.15% reduction in credit impairment losses, amounting to -¥15,153,901.58, due to the recovery of large receivables[11]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥150,844,028.47, a decrease of 22.12% compared to ¥193,699,220.12 in the same period last year[21]. - The net loss attributable to shareholders for the first half of 2022 was ¥23,054,434.30, representing a significant increase in loss of 750.75% compared to a loss of ¥2,709,895.05 in the previous year[21]. - The basic and diluted earnings per share for the first half of 2022 were both -¥0.0434, reflecting a decline of 750.98% from -¥0.0051 in the previous year[21]. - The company reported a net profit excluding non-recurring gains and losses of -¥28,208,331.28, a decrease of 615.89% from -¥3,940,306.64 in the same period last year[21]. - The company reported a total profit of CNY -26,854,854.47, compared to CNY -4,352,510.71 in the previous year, reflecting a worsening financial position[1]. - The total comprehensive income for the period was CNY -22,978,004.30, compared to CNY -2,291,389.00 in the previous year[139]. Cash Flow and Assets - The net cash flow from operating activities improved to ¥24,765,848.76, a turnaround of 182.28% from a negative cash flow of ¥30,099,909.20 in the same period last year[21]. - Cash and cash equivalents decreased to approximately ¥111.60 million, representing 6.70% of total assets, down from 10.54% in the previous year[49]. - The company reported a significant increase in accounts receivable, totaling approximately ¥503.30 million, which represents 30.23% of total assets[49]. - The net cash flow from investing activities was negative at -¥63,211,599.80 for the first half of 2022, worsening from -¥27,750,403.59 in the same period of 2021[146]. - The ending cash and cash equivalents balance for the first half of 2022 was ¥110,956,156.25, compared to ¥54,364,456.58 at the end of the first half of 2021, indicating a year-over-year increase of approximately 103.5%[146]. Revenue Segmentation - Total revenue for the smart city segment decreased by 50.85% year-over-year to approximately ¥42.07 million, with a gross margin of 28.30%[42]. - Emergency command segment revenue fell by 42.29% year-over-year to about ¥38.81 million, maintaining a gross margin of 53.33%[42]. - Video communication revenue plummeted by 66.90% year-over-year to around ¥11.30 million, with a gross margin of 50.51%[42]. - Revenue from medical insurance information products and services surged by 100% year-over-year to approximately ¥46.10 million, achieving a gross margin of 64.92%[42]. - Other business revenue increased by 86.62% year-over-year to about ¥12.57 million, but reported a negative gross margin of -33.81%[42]. Research and Development - The company's R&D investment increased by 100.30% to ¥29,423,711.92 from ¥14,689,963.75, mainly due to the new subsidiary Xin Yi Hua's R&D expenses[40]. - Research and development expenses increased to CNY 31,606,300.78, up 86.5% from CNY 16,954,767.25 in the prior year[1]. - The company has established three major R&D centers in Shanghai, Nanchang, and Shenzhen, focusing on enhancing core technology and comprehensive solution capabilities[34]. Market Strategy and Expansion - The company is focusing on expanding its "Video +" technology applications in various industries, including emergency command and smart cities[32]. - The company plans to expand its product offerings and enhance market presence, particularly in the medical insurance sector, which has shown significant growth potential[43]. - The company aims to strengthen customer relationships and expand its market presence through targeted marketing strategies and strategic partnerships[36]. - The company is actively exploring new business areas, particularly in "video+" technology applications, but faces challenges in talent acquisition and market expansion[67]. Corporate Governance and Social Responsibility - The company actively fulfills its corporate social responsibility, enhancing governance and ensuring timely and accurate information disclosure[83]. - The company has been recognized for its contributions to poverty alleviation and social welfare, receiving awards for outstanding contributions in 2021[84]. - The company has established an environmental management system certified by GB/T24001-2016 idt ISO14001:2015, ensuring compliance with environmental protection laws[82]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[4]. - The largest shareholder, Zhihui Technology Investment, holds 15.56% of shares, totaling 83,061,778 shares, with no change during the reporting period[118]. - The company has a total of 35,413 shareholders at the end of the reporting period[116]. Risks and Challenges - The company faces risks related to intensified industry competition and potential declines in gross margin levels[67]. - The company plans to enhance its project team and strengthen risk awareness to mitigate operational risks[67]. - The company emphasizes the importance of risk awareness regarding forward-looking statements made in the report[3].

Financial Performance - The company's operating revenue for 2021 was 448.63 million yuan, representing a year-on-year increase of 0.74%[4] - The net profit attributable to shareholders for 2021 was 9.09 million yuan, a year-on-year decrease of 59.89%[4] - The net cash flow from operating activities dropped by 60.65% to CNY 37,349,543.26, down from CNY 94,912,802.45 in 2020[26] - The total revenue for 2021 was 378,785,711.09 CNY, a decrease of 12.90% compared to the previous year[57] - The company reported a net profit of $9.09 million for the year, with a notable difference from the cash flow due to high provisions for bad debts[75] - The company achieved operating revenue of ¥448,628,272.82, an increase of 0.74% compared to the previous year[46] - The net profit attributable to shareholders decreased by 59.89% to ¥9,091,698.53, while the net profit excluding non-recurring gains and losses fell by 243.45% to -¥18,844,471.24[46] Operational Challenges - The increase in impairment provisions for receivables significantly impacted performance due to prolonged collection periods influenced by local financial conditions[4] - The company has faced increased market competition and a decline in gross profit margin due to rising integrated business operations and tightened government budgets[41] - The company experienced difficulties in accounts receivable collection, leading to an increase in bad debt provisions[42] - The competitive landscape in the multimedia communication industry is intensifying, with potential risks to market share and profit margins if the company fails to adapt[7] Strategic Initiatives - The company aims to develop its smart city business, focusing on the "Urban Video Information Sharing Platform" as a key growth driver[5] - The company plans to enhance project team construction and strengthen risk awareness to mitigate operational risks associated with smart city projects[6] - The company is actively exploring "Video +" technology applications but faces challenges such as talent shortages and marketing channel expansion[8] - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming year[36] Research and Development - The company has established three R&D centers and emphasizes precise investment in R&D to strengthen its core technology and comprehensive solution capabilities[50] - The number of R&D personnel increased to 301, a rise of 161.74% from 2020[69] - R&D investment amounted to ¥38,260,722.44 in 2021, representing 8.53% of total operating revenue[70] - The company has a strong emphasis on risk management, with dedicated personnel overseeing risk control measures[132] Corporate Governance - The company held two shareholder meetings during the reporting period, ensuring compliance with legal regulations and providing shareholders with the opportunity to exercise their rights[116] - The board of directors remains committed to enhancing corporate governance and transparency[124] - The independent directors continue to play a crucial role in overseeing company operations and strategy[125] - The company has implemented a stock incentive plan for 2021, aimed at aligning the interests of management with those of shareholders[145] Environmental and Social Responsibility - The company has achieved ISO 14001:2015 environmental management system certification, indicating a systematic approach to environmental protection[167] - The company actively participates in social responsibility initiatives, receiving recognition such as the "2021 Outstanding Contribution Award for Poverty Alleviation"[170] - The company has not faced any administrative penalties related to environmental issues during the reporting period[167] Market Position and Future Outlook - The company has established a leading position in the audio and video communication industry with its "AVCON" brand, maintaining a strong market share in multimedia communication services[38] - The company is optimistic about future growth prospects and has provided guidance for continued revenue increases in the next fiscal year[125] - The company aims to enhance its market presence through the deep integration of its "Video+" technology across various industries[39] Employee Management - The total number of employees at the end of the reporting period is 899, with 149 in the parent company and 750 in major subsidiaries[148] - The company has established a competitive compensation and benefits system, ensuring internal fairness and external competitiveness[149] - The company conducts annual training needs analysis based on strategic development, skill gaps, and performance evaluations[150] Acquisitions and Investments - The company acquired a 30.745% stake in Zhengzhou Xinyi Medical Technology Co., increasing its ownership to 56.856%[183] - The company purchased a 51% stake in Zhengzhou New Yihua Information Technology Co., Ltd., contributing an additional net profit of ¥1,720,608.36 from the acquisition date to the end of the reporting period[96] - The total amount for the acquisition of the 100% stake in Shenzhen Litaihua Investment Management Co. and Shenzhen Taikoyuan Trading Co. was 118.8 million yuan, with 89.4 million yuan paid in 2020 and the remaining 29.4 million yuan settled by the end of the reporting period[196]

Financial Performance - The company's revenue for Q1 2022 was ¥78,081,769.12, representing a 15.36% increase compared to ¥67,685,383.72 in the same period last year[2] - The net profit attributable to shareholders was a loss of ¥2,898,701.78, an improvement of 63.45% from a loss of ¥7,930,970.55 in the previous year[2] - Total operating revenue for Q1 2022 was CNY 78,081,769.12, an increase of 15.5% compared to CNY 67,685,383.72 in Q1 2021[23] - Net loss for Q1 2022 was CNY 2,286,630.91, an improvement from a net loss of CNY 7,109,766.66 in Q1 2021[24] - Basic and diluted earnings per share for Q1 2022 were both CNY -0.0055, an improvement from CNY -0.0149 in Q1 2021[25] Cash Flow - The net cash flow from operating activities was ¥22,064,434.69, a significant increase of 143.03% compared to -¥51,281,366.26 in the same period last year[8] - Total cash inflow from operating activities is ¥175,029,077.99, up from ¥90,253,620.55 in the previous period, indicating a growth of approximately 94%[26] - Cash outflow from operating activities increased to ¥152,964,643.30 from ¥141,534,986.81, representing a rise of about 8.5%[28] - The company reported cash inflow from investment activities of ¥130,062,847.95, compared to ¥7,300,031.97 in the previous period, showing a substantial increase[28] - Cash outflow for investment activities reached ¥171,026,760.07, significantly higher than ¥31,693,726.93 in the previous period, indicating a rise of over 439%[28] - The net cash flow from investment activities is -¥40,963,912.12, worsening from -¥24,393,694.96 in the previous period[28] - The company’s cash and cash equivalents at the end of the period stand at ¥147,609,553.87, down from ¥192,851,374.82 in the previous period[28] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,697,012,667.49, a decrease of 5.51% from ¥1,795,973,821.28 at the end of the previous year[2] - Total liabilities decreased to CNY 507,207,457.32 from CNY 590,938,780.21, a reduction of 14.1%[21] - The company's cash and cash equivalents decreased from 189,290,041.16 CNY at the beginning of the year to 148,760,793.17 CNY at the end of the reporting period, a decline of approximately 21.5%[19] - Accounts receivable decreased from 512,922,792.48 CNY to 485,622,607.33 CNY, representing a reduction of about 5.3%[19] - Inventory increased from 108,848,111.35 CNY to 113,607,372.68 CNY, an increase of approximately 4.9%[19] Expenses - Research and development expenses rose to ¥17,831,330.03, marking a 109.13% increase from ¥8,526,518.14 in the previous year, primarily due to the acquisition of New Yihua[7] - Sales expenses increased by 48.17% to ¥23,128,047.20, attributed to the increased costs following the acquisition of New Yihua[7] - Employee compensation payments increased to ¥37,462,547.81 from ¥22,078,767.79, marking a rise of about 69%[26] Shareholder Information - The total number of common shareholders at the end of the reporting period is 45,436[11] - The largest shareholder, Zhihui Technology Investment (Shenzhen) Co., Ltd., holds 15.56% of shares, totaling 83,061,778 shares, with 25,290,000 shares pledged[11] - The total number of shares held by the top ten shareholders participating in margin trading is 52,791,778 shares[12] - The company has a total of 1,506,050 restricted shares, with 872,750 shares released during the reporting period[14] - The total equity attributable to shareholders of the parent company was CNY 1,145,543,007.18, slightly down from CNY 1,148,441,708.96[21] Other Information - The company reported a significant increase in other operating income, which rose to ¥3,799,137.32, a 20,183.70% increase compared to ¥18,730.00 in the previous year, mainly due to overdue payment penalties received from clients[7] - The company plans to expand its business scope as approved in the recent board meetings[17] - The company has undergone changes in its board of directors and management, with new appointments made[15] - The company has not conducted any audited financial reports for the first quarter[29] - The company reported a significant increase in credit impairment losses of CNY 11,275,195.11 compared to a reversal of CNY 9,466,725.81 in the previous year[23]

Financial Performance - The company's operating revenue for Q3 2021 was ¥57,786,781, a decrease of 45.93% compared to the same period last year[2]. - The net profit attributable to shareholders was -¥14,448,152, representing a decline of 209.09% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥16,405,457, a decrease of 220.76% compared to the previous year[2]. - The basic earnings per share were -¥0.0273, down 208.76% from the same period last year[2]. - Revenue for Q3 2021 was CNY 251,486,001.76, a decrease of 12.48% compared to CNY 287,349,753.95 in the previous year, primarily due to a decline in smart city business revenue[8]. - Total profit (loss) for the period was a loss of CNY 21,889,482.77, a 1666.96% increase in loss compared to a loss of CNY 1,238,820.68 in the previous year, driven by decreased revenue and increased bad debt provisions[8]. - The net profit for the current period is a loss of $15.81 million, compared to a loss of $0.66 million in the previous period, indicating a worsening performance[31]. - The company reported an operating profit of -$21.86 million, a significant decline from a profit of $0.02 million in the previous period[31]. Cash Flow and Assets - Cash flow from operating activities showed a significant decline, with a net outflow of -¥31,682,450[2]. - Net cash flow from operating activities was a negative CNY 31,682,450.50, a decline of 387.72% compared to negative CNY 6,496,087.71 in the previous year, due to decreased cash receipts from sales[8]. - Cash and cash equivalents decreased from ¥284.23 million to ¥158.70 million[26]. - Cash and cash equivalents at the end of the period decreased to $158.66 million from $293.26 million, a decline of approximately 46%[35]. - Net cash flow from investing activities was a negative CNY 50,535,362.09, a decrease of 262.74% compared to positive CNY 31,053,513.74 in the previous year, primarily due to payments for the acquisition of subsidiaries[8]. - Investment activities resulted in a net cash outflow of $50.54 million, compared to a net inflow of $31.05 million in the previous period[34]. - Net cash flow from financing activities was a negative CNY 39,902,493.04, a decline of 123.37% compared to positive CNY 170,735,941.43 in the previous year, mainly due to repayment of bank loans[8]. - Financing activities generated a net cash outflow of $39.90 million, contrasting with a net inflow of $170.73 million in the previous period[35]. Investments and Equity - Long-term equity investments increased by 77.12% to ¥116,133,871.43 due to additional investments in joint ventures[7]. - The company reported non-recurring gains of ¥1,957,305.37 for the current period[5]. - Investment income increased significantly by 290.04% to CNY 12,244,565.96 from CNY 3,139,301.12, attributed to higher profits from the associate company Xin Yi Hua[8]. - Long-term borrowings increased significantly by 1401.50% to CNY 150,150,000.00 from CNY 10,000,000.00, indicating a substantial increase in bank loans[8]. - Contract liabilities rose by 31.41% to CNY 39,325,999.40 from CNY 29,926,760.24, reflecting an increase in advance payments received[8]. - The company transferred a 30% stake in Shanghai Huashi Jingcheng Network Technology Co., Ltd. for a total consideration of RMB 115 million, with RMB 5 million paid upfront and the remaining amount to be settled by December 31, 2016[15]. - The company signed an agreement to sell a 10% stake in Beijing Xinhua Technology Co., Ltd. to Shandong Jiangquan Industrial Co., Ltd. for RMB 33 million, which is pending approval from Jiangquan's shareholders and the China Securities Regulatory Commission[17]. - The transaction for the sale of the stake in Beijing Xinhua Technology was terminated on September 27, 2021, with no fees or penalties incurred by either party[18]. - The company acquired a 10.745% stake in Zhengzhou Xinyi Hua for approximately ¥21.59 million and later acquired an additional 20% stake for ¥60 million, resulting in a total ownership of 56.856%[19]. - The company completed the necessary industrial and commercial changes for the acquisition of Xinyi Hua by September 24, 2021[20]. Research and Development - R&D expenses decreased by 29.82% to CNY 26,323,619.71 from CNY 37,510,022.25, mainly due to higher employee compensation and severance payments in the same period last year[8]. - Research and development expenses decreased significantly to $26.32 million from $37.51 million, a decline of approximately 29.8%[30]. Accounting and Standards - The company will implement the new leasing standards starting January 1, 2021, without adjusting the beginning balance sheet items[36]. - The cumulative impact of the new leasing standards will only adjust the retained earnings and related financial statement items for the year of first implementation[36]. - The accounting policy change will not have a significant impact on the company's financial position, operating results, and cash flows[36]. - The third quarter report has not been audited[37].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥193,699,220.12, representing a 7.32% increase compared to the same period last year[23]. - The net profit attributable to shareholders was a loss of ¥2,709,895.05, an improvement of 79.25% from a loss of ¥11,815,469.32 in the previous year[23]. - The net cash flow from operating activities was a negative ¥30,099,909.20, a decline of 97.90% compared to the previous year's negative cash flow of ¥15,208,207.45[23]. - The total assets at the end of the reporting period were ¥1,494,601,585.04, down 14.04% from ¥1,738,680,519.54 at the end of the previous year[23]. - The net assets attributable to shareholders were ¥1,152,842,396.19, showing a slight increase of 0.01% from ¥1,152,776,208.68 at the end of the previous year[23]. - The basic earnings per share were -¥0.0051, an improvement of 79.27% from -¥0.0222 in the same period last year[23]. - The diluted earnings per share were also -¥0.0051, reflecting the same percentage improvement as the basic earnings per share[23]. - The weighted average return on equity was -0.24%, an improvement from -0.99% in the previous year[23]. Cash Flow and Liquidity - The company faced a significant decline in cash flow from operating activities, indicating potential liquidity challenges[23]. - The company's cash flow from operating activities decreased by 97.90% to -¥30,099,909.20, primarily due to increased cash payments for goods and services[44]. - The company reported a significant decrease in cash and cash equivalents, with a net decrease of ¥226,414,611.39, mainly due to bank loan repayments[44]. - The net cash flow from operating activities for the first half of 2021 was -13,179,902.37 CNY, an improvement from -15,793,808.57 CNY in the same period of 2020[161]. - Total cash inflow from operating activities was 124,672,360.52 CNY, while cash outflow was 137,852,262.89 CNY, resulting in a net cash outflow of 13,179,902.37 CNY[161]. - Cash and cash equivalents at the end of the period decreased to 54,364,456.58 CNY from 288,812,590.59 CNY at the beginning of the period[160]. Research and Development - The company's R&D investment decreased by 28.68% to ¥14,689,963.75 from ¥20,597,177.64 in the previous year, primarily due to high employee compensation payments in the prior period[44]. - Research and development expenses for the first half of 2021 were CNY 16,954,767.25, down from CNY 22,768,922.64 in the first half of 2020, indicating a decrease of about 25.7%[149]. - The overall investment in research and development has increased, indicating a commitment to innovation and competitive advantage[171]. Market and Product Development - The company conducted over 300 offline product promotion events, gaining widespread attention from customers across various regions and industries[31]. - The company is focusing on the "Video +" technology for industry innovation applications, aiming to enhance business models and improve intelligent living standards[30]. - The company is actively expanding its market presence in the smart city sector, with a focus on public safety, intelligent transportation, and education[34]. - The company launched new products including a 5G ultra-high-definition front-end collection terminal and various emergency communication products, which received positive feedback from users[37]. - The company plans to launch new products in the second half of 2021, aiming to capture a larger market share[167]. Strategic Initiatives - The company has established strategic partnerships with industry leaders to enhance its market influence and brand recognition[39]. - The company is exploring potential mergers and acquisitions to enhance its market position and expand its service offerings[167]. - The company is focusing on enhancing its product offerings and exploring potential mergers and acquisitions to strengthen its market position[171]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares[7]. - The company has not engaged in significant equity investments during the reporting period, focusing instead on internal growth strategies[59]. - The company has not conducted any fundraising activities during the reporting period[61]. - The company has not engaged in any trust, contracting, or leasing arrangements during the reporting period[103][104][105]. - The total number of shareholders at the end of the reporting period was 29,889[124]. - The largest shareholder, Zhihui Technology Investment (Shenzhen) Co., Ltd., holds 15.56% of the shares, totaling 83,061,778 shares[125]. Legal and Compliance - The company has not been subject to any administrative penalties for environmental protection violations[84]. - There have been no significant litigation or arbitration matters reported during the period[93]. - The company is involved in multiple legal disputes, with amounts involved including 5,094.73 million CNY for a construction contract dispute, which is currently in the second instance[94]. - The company has received a total fine of 2,050,000 CNY from the China Securities Regulatory Commission for stock manipulation by a shareholder[96]. Financial Reporting and Audit - The semi-annual financial report has not been audited[91]. - The financial report was approved for release on August 4, 2021[190]. - The financial statements comply with the requirements of the enterprise accounting standards, reflecting the company's financial position, operating results, and cash flows accurately and completely[194].