| 西安政通信息 | | 全资子公司 | 其他应收款 | 200.00 | 250.00 | | | 450.00 | 代垫款 | 非经营 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 科技有限公司 | | | | | | | | | | 性往来 | | 武汉数字政通 | | 全资子公司 | 其他应收款 | 172.59 | 200.00 | | | 372.59 | 代垫款 | 非经营 | | 科技有限公司 | | | | | | | | | | 性往来 | | 深圳数字政通 | | 全资子公司 | 其他应收款 | 81.00 | 30.00 | | | 111.00 | 代垫款 | 非经营 | | 科技有限公司 | | | | | | | | | | 性往来 | | 许昌政通可优 | | | 其他债权投 | | | | | | 往来借 | 非经营 | | 数字产业园有 | | 联营企业 | 资 | 1,042.92 | | | | 1,042.92 | 款 | 性往来 | | 限公司 | | | | | | ...

北京数字政通科技股份有限公司 2025 年半年度募集资金存放与实际使用情况的专项报告 北京数字政通科技股份有限公司 2025 年半年度募集资金存放与实际使用情况的专项报告 一、募集资金基本情况 1、实际募集资金金额、资金到位情况 1、募集资金管理情况 为规范募集资金的使用和管理，提高募集资金的使用效率和效益，维护公司、 股东及债权人的合法权益，根据《创业板首次公开发行股票注册管理办法(试行)》 《上市公司监管指引第 2 号—上市公司募集资金管理和使用的监管要求》《深圳证 券交易所上市公司自律监管指引第 2 号—创业板上市公司规范运作》等法律、行政 根据中国证券监督管理委员会《关于核准北京数字政通科技股份有限公司非公 开发行股票的批复》（证监发行字[2020]997 号文）核准，公司于 2020 年 7 月采用 非公开发行方式向特定投资者发行股票数量为 48,000,000 股（发行价格 12.5 元）。 由 17 个特定投资者（发行对象）投入，出资方式为货币。上会会计师事务所（特殊 普通合伙）出具了"上会师报字[2020]第 6598 号"的验资报告予以验证，根据该验 资报告，截至 2020 年 7 月 31 ...

证券代码：300075 证券简称：数字政通 公告编号：2025-034 北京数字政通科技股份有限公司 第六届董事会第六次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，无虚假记 载、误导性陈述或重大遗漏。 本次会议已于2025年8月5日以通讯等方式通知全体董事，与会的各位董事已 知悉与所议事项相关的必要信息。本次会议的召开符合《中华人民共和国公司法》 和《北京数字政通科技股份有限公司章程》等有关规定。 二、董事会会议审议情况 1、审议通过了《关于公司2025年半年度报告及报告摘要的议案》 《2025 年半年度报告》及《2025 年半年度报告摘要》全文具体内容详见中 国证监会指定的创业板信息披露平台。公司董事会审计委员会已审议通过本议案 并同意提交董事会审议。 表决结果：8票同意，0票反对，0票弃权。 特此公告。 北京数字政通科技股份有限公司 董事会 2025 年 8 月 22 日 一、董事会会议召开情况 北京数字政通科技股份有限公司（以下简称"公司"）第六届董事会第六次 会议于2025年8月21日下午以现场表决加通讯表决的方式在公司会议室召开。会 议应出席董事8名，实际出席董事8名。会 ...

数字政通公告，2025年上半年营业收入3.21亿元，同比下降40.34%。净亏损1869.27万元，上年同期净 利润7196.01万元。 ...

[Important Notice, Table of Contents, and Definitions](index=2&type=section&id=第一节%20重要提示、目录和释义) This section provides essential notices, outlines the report's structure, lists reference documents, and defines key terms for clarity [Important Notice](index=2&type=section&id=重要提示) The board and senior management assure report accuracy, highlight risk factors, and confirm no half-year cash dividends, bonus shares, or capital reserve conversions - The company's board of directors and senior management commit to the truthfulness, accuracy, and completeness of the semi-annual report content[3](index=3&type=chunk) - The company advises investors to pay attention to "Section 3 Management Discussion and Analysis", "Article 10, Risks Faced by the Company and Countermeasures"[3](index=3&type=chunk) - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital[4](index=4&type=chunk) [Table of Contents](index=3&type=section&id=目录) This section lists the report's overall structure, comprising eight main chapters covering company profile, financial indicators, management discussion, corporate governance, significant events, share changes, bond information, and financial reports - The report is divided into **eight main chapters**, covering key information on company operations, finance, and governance[6](index=6&type=chunk) [Catalogue of Reference Documents](index=4&type=section&id=备查文件目录) This section specifies the types and locations of the company's reference documents for the reporting period, including financial statements signed by the legal representative, original public disclosure files, and the original semi-annual report, all kept at the Board Secretary's office - Reference documents include financial statements signed by the legal representative, original public disclosure files, and the original semi-annual report[8](index=8&type=chunk)[9](index=9&type=chunk)[10](index=10&type=chunk) - All reference documents are kept at the company's Board Secretary's office[11](index=11&type=chunk) [Definitions](index=5&type=section&id=释义) This section provides definitions for common terms used in the report, including company names, reporting period, currency units, and major subsidiary names, to ensure clear understanding of the report content - "Company", "the Company", "Digital Government", and "Issuer" all refer to Beijing Digital Government Technology Co., Ltd[12](index=12&type=chunk) - "Reporting Period" refers to **January 1, 2025, to June 30, 2025**[12](index=12&type=chunk) - The report lists definitions for several subsidiaries, such as Beijing Digital Zhitong Technology Co., Ltd. and Baoding Jindi Underground Pipeline Detection Engineering Co., Ltd[12](index=12&type=chunk) [Company Profile and Key Financial Indicators](index=6&type=section&id=第二节%20公司简介和主要财务指标) This section provides an overview of the company's basic information, contact details, and presents key accounting data and financial indicators for the reporting period [Company Profile](index=6&type=section&id=一、公司简介) The company's stock abbreviation is "Digital Government", stock code 300075, listed on the Shenzhen Stock Exchange, with Wang Dong as its legal representative - Company stock abbreviation: **Digital Government**, stock code: **300075**[15](index=15&type=chunk) - Company stock listed on: **Shenzhen Stock Exchange**[15](index=15&type=chunk) - Company legal representative: **Wang Dong**[15](index=15&type=chunk) [Contact Person and Information](index=6&type=section&id=二、联系人和联系方式) Qiu Luming is the Board Secretary and Dong Zhuang is the Securities Affairs Representative, both located at International Software Building, No. 9 Zhongguancun Software Park, Haidian District, Beijing, with unified contact details - Board Secretary: **Qiu Luming**, Securities Affairs Representative: **Dong Zhuang**[16](index=16&type=chunk) - Contact address: International Software Building, No. 9 Zhongguancun Software Park, Haidian District, Beijing[16](index=16&type=chunk) - Telephone: **4000830075**, Fax: **010-56161688**, Email: **egova@egova.com.cn**[16](index=16&type=chunk) [Other Information](index=6&type=section&id=三、其他情况) The company's registered address, office address, website, email, information disclosure, and reference locations remained unchanged during the reporting period, but a new investor hotline was activated on April 23, 2025 - The company's registered address, office address, website, and email remained unchanged during the reporting period[17](index=17&type=chunk) - Information disclosure and reference locations remained unchanged during the reporting period[18](index=18&type=chunk) - The company activated a new investor hotline: **4000830075**, effective April 23, 2025[20](index=20&type=chunk) [Key Accounting Data and Financial Indicators](index=7&type=section&id=四、主要会计数据和财务指标) During the reporting period, the company's operating revenue decreased by 40.34% year-on-year, and net profit attributable to shareholders declined by 125.98% to a loss, while net cash flow from operating activities increased by 45.63% Key Accounting Data and Financial Indicators (Current Reporting Period vs. Prior Year Period) | Indicator | Current Reporting Period (RMB) | Prior Year Period (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 321,393,391.55 | 538,712,454.88 | -40.34% | | Net Profit Attributable to Shareholders of Listed Company | -18,692,724.65 | 71,960,062.58 | -125.98% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-recurring Gains and Losses) | -34,122,141.73 | 70,830,624.67 | -148.17% | | Net Cash Flow from Operating Activities | -61,194,454.81 | -112,544,150.62 | 45.63% | | Basic Earnings Per Share (RMB/share) | -0.0301 | 0.1167 | -125.79% | | Diluted Earnings Per Share (RMB/share) | -0.0301 | 0.1167 | -125.79% | | Weighted Average Return on Net Assets | -0.53% | 1.76% | -2.29% | | **Current Reporting Period End vs. Prior Year End** | | | | | Total Assets | 4,070,667,802.35 | 4,359,134,803.69 | -6.62% | | Net Assets Attributable to Shareholders of Listed Company | 3,506,222,093.33 | 3,524,914,817.98 | -0.53% | [Differences in Accounting Data Under Domestic and Overseas Accounting Standards](index=7&type=section&id=五、境内外会计准则下会计数据差异) During the reporting period, the company reported no differences in net profit and net assets between financial statements prepared under international or overseas accounting standards and Chinese accounting standards - The company reported no differences in net profit and net assets between financial statements disclosed under international accounting standards and Chinese accounting standards during the reporting period[22](index=22&type=chunk) - The company reported no differences in net profit and net assets between financial statements disclosed under overseas accounting standards and Chinese accounting standards during the reporting period[23](index=23&type=chunk) [Non-recurring Gains and Losses Items and Amounts](index=7&type=section&id=六、非经常性损益项目及金额) During the reporting period, the company's total non-recurring gains and losses amounted to 15.43 million RMB, primarily from disposal of non-current assets, government subsidies, fair value changes, and other non-operating income and expenses Non-recurring Gains and Losses Items and Amounts | Item | Amount (RMB) | | :--- | :--- | | Gains and losses from disposal of non-current assets | 14,158,159.41 | | Government subsidies recognized in current profit and loss | 1,536,113.73 | | Gains and losses from changes in fair value and disposal of financial assets and liabilities | 69,367.23 | | Other non-operating income and expenses | 1,429,451.69 | | Less: Income tax impact | 1,740,773.42 | | Impact on minority interests (after tax) | 22,901.56 | | **Total** | **15,429,417.08** | - The company has no other profit and loss items that meet the definition of non-recurring gains and losses[26](index=26&type=chunk) - The company has not classified any non-recurring gains and losses items as recurring gains and losses[27](index=27&type=chunk) [Management Discussion and Analysis](index=9&type=section&id=第三节%20管理层讨论与分析) This section provides an in-depth analysis of the company's main business operations, core competitiveness, financial performance, asset and liability status, investment activities, and risk factors during the reporting period [Main Business Activities During the Reporting Period](index=9&type=section&id=一、报告期内公司从事的主要业务) As a pioneer in smart city construction, the company focuses on urban digital governance platforms and data operation services, making progress in "one-network management", urban lifelines, autonomous intelligent collection, and low-altitude economy SaaS platforms, despite local fiscal pressures - As a pioneer in smart city construction, the company actively responds to central urban work conference directives, focusing on urban governance and digitalization transformation[29](index=29&type=chunk) - During the reporting period, the company's operating revenue decreased by **40.34%** year-on-year, net profit attributable to shareholders decreased by **125.98%**, while net cash flow from operating activities increased by **45.63%**[30](index=30&type=chunk) - The company views Artificial Intelligence (AI) as an opportunity for innovation and breakthrough, driving urban governance intelligence with a dual-model approach using its "Renhe" large model and DeepSeek large model[31](index=31&type=chunk)[35](index=35&type=chunk) [Urban Digital Governance Core Platform](index=10&type=section&id=（一）城市数字治理核心平台) The company deepens its urban digital governance efforts, centering on the "one-network management" platform, promoting benchmark projects, enhancing government service hotlines with AI large models, and achieving significant progress in urban operation management and lifeline safety platforms - The company promotes "one-network management" benchmark projects nationwide, successfully implementing multiple projects in Tianjin, Shijingshan District of Beijing, and Changchun, Jilin[32](index=32&type=chunk) - Leveraging its self-developed "Renhe" large model as a technical foundation, integrated with the DeepSeek large model, the company is upgrading the 12345 government service hotline from digitalization to intelligence[33](index=33&type=chunk)[35](index=35&type=chunk) - The company's market share for provincial and direct-controlled municipality urban operation management service platforms exceeds **85%**, and for prefecture-level and above cities, it exceeds **70%**[42](index=42&type=chunk) [Urban Data Operation Services Business](index=15&type=section&id=（二）城市数据运营服务业务) Driven by national policies, the company's urban data operation services business accelerates data element market construction, creating a comprehensive urban governance intelligent body through integrated air-space-ground intelligent collection, AI, visual perception, and digital twin technologies - Intensive national policies support data element market construction and low-altitude economy development, providing strategic opportunities for the company's data operation services[48](index=48&type=chunk)[60](index=60&type=chunk) - The company launched an air-space-ground intelligent collection service model, integrating various smart devices such as satellites, drones, unmanned grid vehicles, and quadruped robots to build a three-dimensional urban intelligent collection network[51](index=51&type=chunk) - "Qiji" unmanned vehicles have been commercially deployed in **over 30 cities**, with the number of deployed vehicles increasing by **150%** compared to the end of 2024[54](index=54&type=chunk) - The "Xingkui Project" has gradually developed into an underlying support platform for the urban low-altitude economy, building a low-altitude intelligent service operation platform with "full airspace coverage, full-process control, and full-element collaboration"[61](index=61&type=chunk) [Core Competitiveness Analysis](index=21&type=section&id=二、核心竞争力分析) The company holds a leading position in smart cities, being the first developer of a new digital urban management platform, participating in national standard setting, serving over 500 cities, and possessing strong innovation capabilities, an experienced team, and extensive intellectual property - The company is the first system developer of a new digital urban management platform nationwide, serving **over 500 cities** and **1,500 districts/counties**, covering **over 550 million people** and **over 70%** of urban built-up areas[69](index=69&type=chunk)[70](index=70&type=chunk) - The company actively introduces new technologies such as mobile internet, IoT, big data, cloud computing, and intelligent AI, focusing on low-code product R&D, forming a multi-dimensional business matrix from "Renhe Large Model" to "Qijian + Qiji + Xingkui + Jingshi"[71](index=71&type=chunk)[72](index=72&type=chunk) - The company holds a Class A qualification for computer information system integration, a Class A surveying and mapping qualification for geographic information systems, a Class A security engineering enterprise qualification certificate, and possesses **53 invention patents** and **575 software copyrights**[74](index=74&type=chunk) [Main Business Analysis](index=22&type=section&id=三、主营业务分析) During the reporting period, the company's main business revenue decreased by 40.34% year-on-year, primarily due to slower local government fiscal spending, with declines in system software, system integration, and operation services, and a general decrease in gross profit margins Major Financial Data Year-on-Year Changes | Indicator | Current Reporting Period (RMB) | Prior Year Period (RMB) | Year-on-Year Change (%) | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 321,393,391.55 | 538,712,454.88 | -40.34% | Slower local government fiscal spending, delayed project initiation, contract signing, and execution | | Operating Cost | 210,934,524.74 | 304,074,806.06 | -30.63% | Decrease in operating revenue | | Financial Expenses | -2,039,933.82 | -11,362,290.91 | 82.05% | Decrease in interest income | | Income Tax Expense | -6,868,860.37 | 4,026,979.71 | -270.57% | Decrease in operating profit | | Net Cash Flow from Operating Activities | -61,194,454.81 | -112,544,150.62 | 45.63% | Lower costs and expenses, and strengthened cash flow management by the company | Products or Services Accounting for Over 10% | Product or Service | Operating Revenue (RMB) | Operating Cost (RMB) | Gross Profit Margin (%) | Year-on-Year Change in Operating Revenue (%) | Year-on-Year Change in Operating Cost (%) | Year-on-Year Change in Gross Profit Margin (%) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | System Software Business | 160,955,598.45 | 75,260,798.28 | 53.24% | -47.30% | -39.52% | -6.02% | | System Integration Business | 11,243,069.08 | 10,410,249.15 | 7.41% | -68.01% | -67.77% | -0.67% | | Operation Services Business | 149,194,724.02 | 125,263,477.31 | 16.04% | -24.70% | -14.98% | -9.60% | Main Business Cost Composition | Cost Component | Current Reporting Period Amount (RMB) | Proportion of Operating Cost (%) | Prior Year Period Amount (RMB) | Proportion of Operating Cost (%) | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | :--- | :--- | | Procurement Cost | 85,406,771.42 | 40.49% | 128,918,558.63 | 42.39% | -33.75% | | Labor Cost | 101,517,657.54 | 48.13% | 141,807,981.42 | 46.64% | -28.41% | | Project Travel and Office Expenses | 18,419,657.65 | 8.73% | 28,709,382.55 | 9.44% | -35.84% | | Depreciation and Amortization | 5,590,438.13 | 2.65% | 4,638,883.46 | 1.53% | 20.51% | | **Total** | **210,934,524.74** | **100.00%** | **304,074,806.06** | **100.00%** | **-30.63%** | [Non-Main Business Analysis](index=24&type=section&id=四、非主营业务分析) During the reporting period, non-main business activities significantly impacted total profit, with investment income from subsidiary disposal and non-operating income from government subsidies being non-recurring, while asset impairment and credit impairment losses are recurring Non-Main Business Analysis | Item | Amount (RMB) | Proportion of Total Profit (%) | Explanation of Cause | Sustainability | | :--- | :--- | :--- | :--- | :--- | | Investment Income | 14,180,526.59 | -55.39% | Investment income from disposal of subsidiaries | No | | Asset Impairment | -1,325,001.08 | 5.18% | Contract asset impairment provision | Yes | | Non-operating Income | 3,180,447.35 | -12.42% | Government subsidies and liquidated damages income | No | | Non-operating Expenses | 364,482.71 | -1.42% | - | No | | Credit Impairment Loss | -6,245,372.93 | 24.40% | Accounts receivable impairment provision | Yes | [Analysis of Assets and Liabilities](index=25&type=section&id=五、资产及负债状况分析) At the end of the reporting period, the company's total assets and net assets attributable to shareholders both decreased, with a significant reduction in monetary funds due to wealth management product purchases and property acquisition, and a substantial increase in construction in progress Significant Changes in Asset Composition | Item | Amount at End of Current Reporting Period (RMB) | Proportion of Total Assets (%) | Amount at End of Prior Year (RMB) | Proportion of Total Assets (%) | Change in Proportion (%) | Explanation of Significant Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Monetary Funds | 658,325,833.13 | 16.17% | 1,538,172,774.44 | 35.29% | -19.12% | Primarily due to purchase of wealth management products and acquisition of properties | | Construction in Progress | 261,532,250.50 | 6.42% | - | - | 6.42% | Primarily due to acquisition of properties | | Short-term Borrowings | 1,786,672.94 | 0.04% | 24,239,562.60 | 0.56% | -0.52% | - | | Lease Liabilities | 1,245,439.27 | 0.03% | 3,983,489.96 | 0.09% | -0.06% | - | Assets and Liabilities Measured at Fair Value | Item | Beginning Balance (RMB) | Amount Purchased in Current Period (RMB) | Amount Sold in Current Period (RMB) | Ending Balance (RMB) | | :--- | :--- | :--- | :--- | :--- | | Trading Financial Assets | 210,728,617.65 | 490,000,000.00 | - | 700,728,617.65 | | Other Equity Instrument Investments | 115,135,915.78 | - | - | 115,135,915.78 | | Accounts Receivable Financing | 2,714,983.60 | 4,855,810.56 | 2,714,983.60 | 4,855,810.56 | | **Total Above** | **328,579,517.03** | **494,855,810.56** | **2,714,983.60** | **820,720,343.99** | Asset Rights Restricted at the End of the Reporting Period | Item | Book Balance (RMB) | Book Value (RMB) | Type of Restriction | Details of Restriction | | :--- | :--- | :--- | :--- | :--- | | Monetary Funds | 23,838,345.09 | 23,838,345.09 | Deposits, frozen | Guarantee deposits, project deposits, frozen funds, etc. | | Fixed Assets | 15,676,791.67 | 8,307,192.70 | Mortgage | Bank financing credit mortgage | | Intangible Assets | 6,229,600.00 | 4,277,658.67 | Mortgage | Bank financing credit mortgage | | Investment Properties | 24,803,370.81 | 13,135,475.85 | Mortgage | Bank financing credit mortgage | [Investment Status Analysis](index=26&type=section&id=六、投资状况分析) During the reporting period, the company's total investment decreased by 100% year-on-year, while financial assets measured at fair value increased to 820.72 million RMB, primarily from self-funded trading financial assets, with all raised funds fully invested and remaining funds permanently supplementing working capital Investment Amount During the Reporting Period | Investment Amount During Reporting Period (RMB) | Investment Amount in Prior Year Period (RMB) | Change (%) | | :--- | :--- | :--- | | 0.00 | 1,950,000.00 | -100.00% | Financial Assets Measured at Fair Value | Asset Category | Initial Investment Cost (RMB) | Amount Purchased in Current Period (RMB) | Amount Sold in Current Period (RMB) | Ending Balance (RMB) | Source of Funds | | :--- | :--- | :--- | :--- | :--- | :--- | | Other | 328,579,517.03 | 494,855,810.56 | 2,714,983.60 | 820,720,343.99 | Own Funds | - As of November 30, 2024, all committed fundraising projects from the company's non-public issuance of shares have been fully invested[96](index=96&type=chunk) - The company has permanently supplemented working capital with all remaining raised funds of **51,121,769.32 RMB** for daily operations[96](index=96&type=chunk) Overview of Wealth Management During the Reporting Period | Specific Type | Source of Funds for Wealth Management | Amount of Wealth Management Transactions (ten thousand RMB) | Unexpired Balance (ten thousand RMB) | | :--- | :--- | :--- | :--- | | Bank Wealth Management Products | Own Funds | 40,000.00 | 60,069.86 | | Brokerage Wealth Management Products | Own Funds | 9,000.00 | 10,003.00 | | **Total** | | **49,000.00** | **70,072.86** | [Major Asset and Equity Sales](index=31&type=section&id=七、重大资产和股权出售) During the reporting period, the company did not sell any major assets or significant equity - The company did not sell any major assets during the reporting period[107](index=107&type=chunk) - The company did not sell any major equity during the reporting period[108](index=108&type=chunk) [Analysis of Major Holding and Participating Companies](index=31&type=section&id=八、主要控股参股公司分析) The company's major subsidiaries, including Zhengtong Smart City Operation Technology Co., Ltd. and Baoding Jindi Underground Pipeline Detection Engineering Co., Ltd., both achieved profitability during the reporting period, and the sale of Jiangxi Zhengtong City Operation Technology Co., Ltd. had no significant impact on overall operations or performance Major Subsidiaries and Participating Companies with Over 10% Impact on Company's Net Profit | Company Name | Company Type | Main Business | Registered Capital (RMB) | Total Assets (RMB) | Net Assets (RMB) | Operating Revenue (RMB) | Operating Profit (RMB) | Net Profit (RMB) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Zhengtong Smart City Operation Technology Co., Ltd. | Subsidiary | Computer Services | 50,000,000.00 | 182,773,794.46 | 64,760,876.34 | 107,615,845.01 | 204,247.09 | 233,828.19 | | Baoding Jindi Underground Pipeline Detection Engineering Co., Ltd. | Subsidiary | Underground Pipeline Detection and Testing | 50,000,000.00 | 485,621,695.03 | 379,926,896.67 | 42,572,946.45 | 15,824,420.98 | 13,816,570.30 | - During the reporting period, the company sold Jiangxi Zhengtong City Operation Technology Co., Ltd., which had no significant impact on overall production, operations, or performance[110](index=110&type=chunk) [Structured Entities Controlled by the Company](index=32&type=section&id=九、公司控制的结构化主体情况) During the reporting period, the company did not control any structured entities - The company did not control any structured entities during the reporting period[111](index=111&type=chunk) [Risks Faced by the Company and Countermeasures](index=32&type=section&id=十、公司面临的风险和应对措施) The company faces risks related to reliance on government procurement, intensifying market competition, and potential loss of core technical personnel, which it addresses through continuous innovation, service enhancement, and talent retention strategies - The company's sales revenue primarily comes from government procurement, facing risks of local fiscal tightening, delays, or reductions in e-government system investments[111](index=111&type=chunk) - Rapid development in smart city construction intensifies market competition, and the company's business expansion will lead to competition with more powerful entities, potentially resulting in market share decline and gross profit margin reduction[111](index=111&type=chunk) - The software industry is knowledge-intensive, and the company faces the risk of losing core technical personnel, which it addresses through equity incentives, improved welfare benefits, and increased training to stabilize the team[112](index=112&type=chunk) [Registration Form for Research, Communication, Interview, and Other Activities During the Reporting Period](index=33&type=section&id=十一、报告期内接待调研、沟通、采访等活动登记表) During the reporting period, the company hosted multiple institutional investor research activities, providing updates on its AI business, overall operations, and unmanned vehicle business through phone calls and on-site visits, and addressing investor inquiries - On February 24, 2025, the company held online phone discussions with institutions such as Haitong Securities and China Securities, discussing its AI business layout[113](index=113&type=chunk) - On May 16, 2025, the company held online phone discussions with institutions such as Minsheng Securities and Bosera Funds, introducing its business operations[113](index=113&type=chunk) - On June 11, 2025, the company hosted on-site visits for institutions such as China Construction Bank Fund and Harvest Fund, introducing its unmanned vehicle business layout[113](index=113&type=chunk) [Formulation and Implementation of Market Value Management System and Valuation Enhancement Plan](index=33&type=section&id=十二、市值管理制度和估值提升计划的制定落实情况) The company formulated and approved its "Market Value Management System" on April 21, 2025, but has not yet disclosed a valuation enhancement plan - The company has formulated the "Market Value Management System", which was reviewed and approved at the second meeting of the sixth board of directors on April 21, 2025[114](index=114&type=chunk) - The company has not yet disclosed a valuation enhancement plan[114](index=114&type=chunk) [Implementation of "Dual Improvement in Quality and Returns" Action Plan](index=34&type=section&id=十三、“质量回报双提升”行动方案贯彻落实情况) The company has not yet disclosed its "Dual Improvement in Quality and Returns" action plan announcement - The company has not yet disclosed its "Dual Improvement in Quality and Returns" action plan announcement[115](index=115&type=chunk) [Corporate Governance, Environment, and Society](index=34&type=section&id=第四节%20公司治理、环境和社会) This section details changes in the company's directors, supervisors, and senior management, profit distribution plans, implementation of equity incentive and employee stock ownership plans, environmental information disclosure, and social responsibility initiatives [Changes in Company Directors, Supervisors, and Senior Management](index=34&type=section&id=一、公司董事、监事、高级管理人员变动情况) During the reporting period, supervisors Li Xin, Shao Jianping, and Xing Bangyan left due to term expiration, with Li Xin subsequently elected as an employee representative director due to work reassignment Changes in Company Directors, Supervisors, and Senior Management | Name | Position Held | Type | Date | Reason | | :--- | :--- | :--- | :--- | :--- | | Li Xin | Supervisor | Departure | May 16, 2025 | Term expiration | | Shao Jianping | Supervisor | Departure | May 16, 2025 | Term expiration | | Xing Bangyan | Supervisor | Departure | May 16, 2025 | Term expiration | | Li Xin | Employee Representative Director | Election | May 19, 2025 | Work reassignment | [Profit Distribution and Capital Reserve Conversion to Share Capital in Current Reporting Period](index=34&type=section&id=二、本报告期利润分配及资本公积金转增股本情况) The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for the half-year period - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for the half-year period[117](index=117&type=chunk) [Implementation of Company Equity Incentive Plans, Employee Stock Ownership Plans, or Other Employee Incentive Measures](index=34&type=section&id=三、公司股权激励计划、员工持股计划或其他员工激励措施的实施情况) The company's 2023 restricted stock incentive plan's first and second vesting periods failed to meet performance targets, resulting in 3.338 million restricted shares becoming invalid, and the 2023 employee stock ownership plan was also terminated early after failing performance targets - The company's 2023 restricted stock incentive plan's first vesting period failed to meet performance targets, resulting in **1.669 million restricted shares** becoming invalid[118](index=118&type=chunk) - The company's 2023 restricted stock incentive plan's second vesting period also failed to meet performance targets, resulting in another **1.669 million restricted shares** becoming invalid[118](index=118&type=chunk) - The company's 2023 employee stock ownership plan's first and second unlocking periods both failed to meet performance targets[119](index=119&type=chunk)[120](index=120&type=chunk) - As of July 14, 2025, all company shares held under the 2023 employee stock ownership plan have been sold, and the plan has been terminated early[121](index=121&type=chunk) [Environmental Information Disclosure](index=37&type=section&id=四、环境信息披露情况) The company and its major subsidiaries are not included in the list of enterprises required to disclose environmental information by law - The listed company and its major subsidiaries are not included in the list of enterprises required to disclose environmental information by law[123](index=123&type=chunk) [Social Responsibility](index=37&type=section&id=五、社会责任情况) The company is committed to protecting employee rights, providing a safe work environment, fostering talent, adhering to corporate governance standards, safeguarding shareholder and creditor interests, implementing cash dividend policies, and fulfilling other social responsibilities through ethical operations and environmental responsiveness - The company is committed to protecting employees' legitimate rights and interests, providing a healthy and safe working environment, and valuing talent development[123](index=123&type=chunk) - The company strictly adheres to laws and regulations, protects the interests of shareholders and creditors, ensures equal rights for all shareholders, and actively implements a cash dividend policy[123](index=123&type=chunk) - The company fulfills its social responsibilities through honest operation, lawful taxation, promoting employment, and responding to national environmental protection policies[123](index=123&type=chunk) [Significant Matters](index=38&type=section&id=第五节%20重要事项) This section covers the fulfillment of commitments by the company and related parties, non-operating fund occupation, illegal external guarantees, auditor appointments, non-standard audit reports, bankruptcy reorganization, litigation, penalties, integrity status, major related-party transactions, and significant contracts [Fulfillment of Commitments by Actual Controller, Shareholders, Related Parties, Acquirers, and the Company During the Reporting Period and Overdue Unfulfilled Commitments at Period End](index=38&type=section&id=一、公司实际控制人、股东、关联方、收购人以及公司等承诺相关方在报告期内履行完毕及截至报告期末超期未履行完毕的承诺事项) During the reporting period, commitments made by the company's chairman and actual controller, Wu Qianghua, regarding non-competition, related-party transactions, and fund occupation, as well as the company's commitments concerning equity incentives and employee stock ownership plans, were all fulfilled normally without violations - The company's chairman and actual controller, Wu Qianghua, normally fulfilled commitments regarding non-competition, related-party transactions, and fund occupation[125](index=125&type=chunk) - The company's commitment not to provide loans or other financial assistance to equity incentive recipients was normally fulfilled[126](index=126&type=chunk) - The company's commitment not to provide loans or other financial assistance to employee stock ownership plan recipients was normally fulfilled[126](index=126&type=chunk) [Non-Operating Fund Occupation by Controlling Shareholders and Other Related Parties of the Listed Company](index=39&type=section&id=二、控股股东及其他关联方对上市公司的非经营性占用资金情况) During the reporting period, there was no non-operating fund occupation by controlling shareholders or other related parties of the listed company - During the reporting period, there was no non-operating fund occupation by controlling shareholders or other related parties of the listed company[127](index=127&type=chunk) [Illegal External Guarantees](index=39&type=section&id=三、违规对外担保情况) During the reporting period, the company had no illegal external guarantees - The company had no illegal external guarantees during the reporting period[128](index=128&type=chunk) [Appointment and Dismissal of Accounting Firms](index=39&type=section&id=四、聘任、解聘会计师事务所情况) The company's semi-annual report was not audited - The company's semi-annual report was not audited[129](index=129&type=chunk) [Board of Directors and Audit Committee's Explanation on "Non-Standard Audit Report" for the Current Reporting Period](index=40&type=section&id=五、董事会、审计委员会对会计师事务所本报告期“非标准审计报告”的说明) The company did not have a non-standard audit report for the current reporting period - The company did not have a non-standard audit report for the current reporting period[130](index=130&type=chunk) [Board of Directors' Explanation on "Non-Standard Audit Report" for the Prior Year](index=40&type=section&id=六、董事会对上年度“非标准审计报告”相关情况的说明) The company did not have a non-standard audit report for the prior year - The company did not have a non-standard audit report for the prior year[130](index=130&type=chunk) [Bankruptcy Reorganization Matters](index=40&type=section&id=七、破产重整相关事项) During the reporting period, the company had no bankruptcy reorganization matters - The company had no bankruptcy reorganization matters during the reporting period[130](index=130&type=chunk) [Litigation Matters](index=40&type=section&id=八、诉讼事项) During the reporting period, the company had no significant litigation, arbitration, or other litigation matters - The company had no significant litigation or arbitration matters during the current reporting period[131](index=131&type=chunk) - The company had no other litigation matters[131](index=131&type=chunk) [Penalties and Rectification](index=40&type=section&id=九、处罚及整改情况) During the reporting period, the company had no penalties or rectification situations - The company had no penalties or rectification situations during the reporting period[131](index=131&type=chunk) [Integrity Status of the Company, its Controlling Shareholders, and Actual Controllers](index=40&type=section&id=十、公司及其控股股东、实际控制人的诚信状况) During the reporting period, the company, its controlling shareholders, and actual controllers had no unfulfilled effective court judgments or large overdue debts - During the reporting period, the company, its controlling shareholders, and actual controllers had no unfulfilled effective court judgments or large overdue debts[132](index=132&type=chunk) [Major Related-Party Transactions](index=40&type=section&id=十一、重大关联交易) During the reporting period, the company engaged in daily operational related-party transactions for goods/services procurement totaling 5.21 million RMB and had non-operating related-party receivables of 10.43 million RMB with Xuchang Zhengtong Keyou Digital Industrial Park Co., Ltd., but no related-party transactions involving asset/equity acquisition, sale, or joint external investment occurred Related-Party Transactions for Purchase and Sale of Goods, Provision and Acceptance of Services | Related Party | Type of Related-Party Transaction | Content of Related-Party Transaction | Amount of Related-Party Transaction (ten thousand RMB) | Proportion of Similar Transactions (%) | | :--- | :--- | :--- | :--- | :--- | | Beijing Tongtong Yilian Technology Co., Ltd. | Purchase of goods/acceptance of services | Parking services | 520.94 | 100.00% | Receivables from Related Parties | Related Party | Relationship | Reason for Formation | Non-operating Fund Occupation | Beginning Balance (ten thousand RMB) | Amount Added in Current Period (ten thousand RMB) | Amount Recovered in Current Period (ten thousand RMB) | Interest Rate (%) | Ending Balance (ten thousand RMB) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Xuchang Zhengtong Keyou Digital Industrial Park Co., Ltd. | Associate of the Company | Fund lending | Yes | 1,042.92 | 0.00 | 0.00 | 15.00% | 1,042.92 | - The company had no related-party transactions involving asset or equity acquisition or sale during the reporting period[134](index=134&type=chunk) - The company had no related-party transactions involving joint external investment during the reporting period[135](index=135&type=chunk) [Major Contracts and Their Fulfillment](index=42&type=section&id=十二、重大合同及其履行情况) During the reporting period, the company had no trusteeship, contracting, major guarantees, or other significant contracts, but its housing lease contract with Zhongguancun Software Park Development Co., Ltd. for 3,894.04 square meters remains in effect until December 31, 2026 - The company had no trusteeship or contracting situations during the reporting period[140](index=140&type=chunk)[141](index=141&type=chunk) - The company's housing lease contract with Zhongguancun Software Park Development Co., Ltd. for **3,894.04 square meters** remains in effect until **December 31, 2026**[142](index=142&type=chunk) - The company had no major guarantee situations during the reporting period[143](index=143&type=chunk) - The company had no other major contracts during the reporting period[146](index=146&type=chunk) [Explanation of Other Significant Matters](index=43&type=section&id=十三、其他重大事项的说明) During the reporting period, the company had no other significant matters requiring explanation - The company had no other significant matters requiring explanation during the reporting period[147](index=147&type=chunk) [Significant Matters of Company Subsidiaries](index=43&type=section&id=十四、公司子公司重大事项) During the reporting period, the company's subsidiaries had no significant matters requiring disclosure - The company's subsidiaries had no significant matters requiring disclosure[148](index=148&type=chunk) [Share Changes and Shareholder Information](index=44&type=section&id=第六节%20股份变动及股东情况) This section details changes in the company's share capital, securities issuance, shareholder numbers, top ten shareholders, and changes in holdings of directors, supervisors, and senior management, as well as any changes in controlling shareholders or actual controllers [Share Change Situation](index=44&type=section&id=一、股份变动情况) During the reporting period, the company's total share capital remained unchanged, but restricted shares decreased by 1,047,750 due to the unlocking of senior management restricted shares, increasing unrestricted shares and reducing the proportion of restricted shares from 17.18% to 17.02% Share Change Situation | Item | Number Before This Change (shares) | Proportion Before This Change (%) | Increase/Decrease in This Change (+, -) Subtotal (shares) | Number After This Change (shares) | Proportion After This Change (%) | | :--- | :--- | :--- | :--- | :--- | :--- | | I. Restricted Shares | 106,739,432 | 17.18% | -1,047,750 | 105,691,682 | 17.02% | | II. Unrestricted Shares | 514,390,726 | 82.82% | 1,047,750 | 515,438,476 | 82.98% | | III. Total Shares | 621,130,158 | 100.00% | 0 | 621,130,158 | 100.00% | - Share changes were primarily due to the unlocking of restricted shares held by senior management[152](index=152&type=chunk) Changes in Restricted Shares | Shareholder Name | Restricted Shares at Beginning of Period (shares) | Restricted Shares Unlocked in Current Period (shares) | Restricted Shares at End of Period (shares) | Reason for Restriction | | :--- | :--- | :--- | :--- | :--- | | Wu Qianghua | 102,348,733 | 0 | 102,348,733 | Senior management restricted shares | | Wang Dong | 1,052,419 | 225,000 | 827,419 | Senior management restricted shares | | Wang Hongshen | 1,659,780 | 405,000 | 1,254,780 | Senior management restricted shares | | Qiu Luming | 1,476,000 | 367,500 | 1,108,500 | Senior management restricted shares | | Feng Changhao | 202,500 | 50,250 | 152,250 | Senior management restricted shares | | **Total** | **106,739,432** | **1,047,750** | **105,691,682** | | [Securities Issuance and Listing](index=46&type=section&id=二、证券发行与上市情况) During the reporting period, the company had no securities issuance or listing activities - The company had no securities issuance or listing activities during the reporting period[155](index=155&type=chunk) [Number of Shareholders and Shareholding](index=46&type=section&id=三、公司股东数量及持股情况) At the end of the reporting period, the company had 78,681 common shareholders, with Wu Qianghua as the largest shareholder holding 21.97% of shares, including 102,348,733 restricted shares, while the company's buyback account held 7,274,312 shares not listed among the top ten - Total number of common shareholders at the end of the reporting period: **78,681**[156](index=156&type=chunk) Top 10 Shareholders' Shareholding | Shareholder Name | Shareholder Nature | Shareholding Proportion (%) | Number of Shares Held at End of Reporting Period (shares) | Number of Restricted Shares Held (shares) | Number of Unrestricted Shares Held (shares) | | :--- | :--- | :--- | :--- | :--- | :--- | | Wu Qianghua | Domestic Natural Person | 21.97% | 136,464,977 | 102,348,733 | 34,116,244 | | Zuo Zhimin | Domestic Natural Person | 1.39% | 8,613,895 | 0 | 8,613,895 | | Industrial and Commercial Bank of China Co., Ltd. - Golden Eagle Technology Innovation Stock Fund | Other | 0.97% | 5,999,880 | 0 | 5,999,880 | | Xu Xin | Domestic Natural Person | 0.78% | 4,832,291 | 0 | 4,832,291 | | China Merchants Bank Co., Ltd. - Southern CSI 1000 ETF | Other | 0.74% | 4,591,100 | 0 | 4,591,100 | | Li Guozhong | Domestic Natural Person | 0.55% | 3,412,787 | 0 | 3,412,787 | | Hong Kong Securities Clearing Company Limited | Overseas Legal Person | 0.48% | 2,978,871 | 0 | 2,978,871 | | China Merchants Bank Co., Ltd. - Huaxia CSI 1000 ETF | Other | 0.44% | 2,704,580 | 0 | 2,704,580 | | Bank of Communications Co., Ltd. - Golden Eagle Dividend Value Flexible Allocation Mixed Fund | Other | 0.39% | 2,399,940 | 0 | 2,399,940 | | Industrial and Commercial Bank of China Co., Ltd. - GF CSI 1000 ETF | Other | 0.35% | 2,167,377 | 0 | 2,167,377 | - The company's buyback dedicated securities account held **7,274,312 shares**, which are not listed among the top 10 shareholders for the time being[157](index=157&type=chunk) [Changes in Shareholdings of Directors, Supervisors, and Senior Management](index=48&type=section&id=四、董事、监事和高级管理人员持股变动) During the reporting period, there were no changes in the shareholdings of the company's directors, supervisors, and senior management - There were no changes in the shareholdings of the company's directors, supervisors, and senior management during the reporting period[159](index=159&type=chunk) [Changes in Controlling Shareholder or Actual Controller](index=48&type=section&id=五、控股股东或实际控制人变更情况) During the reporting period, there were no changes in the company's controlling shareholder or actual controller - The company's controlling shareholder did not change during the reporting period[161](index=161&type=chunk) - The company's actual controller did not change during the reporting period[161](index=161&type=chunk) [Preferred Share Information](index=50&type=section&id=六、优先股相关情况) During the reporting period, the company had no preferred shares - The company had no preferred shares during the reporting period[162](index=162&type=chunk) [Bond-Related Information](index=51&type=section&id=第七节%20债券相关情况) This section confirms that the company had no bond-related matters during the reporting period [Bond-Related Information](index=51&type=section&id=债券相关情况) During the reporting period, the company had no bond-related matters - The company had no bond-related matters during the reporting period[164](index=164&type=chunk) [Financial Report](index=52&type=section&id=第八节%20财务报告) This section includes the audit report, comprehensive financial statements (balance sheets, income statements, cash flow statements, and statements of changes in owners' equity for both consolidated and parent company), company basic information, basis of financial statement preparation, significant accounting policies and estimates, taxation, and detailed notes to the consolidated financial statements [Audit Report](index=52&type=section&id=一、审计报告) The company's semi-annual financial report was not audited - The company's semi-annual financial report was not audited[166](index=166&type=chunk) [Financial Statements](index=52&type=section&id=二、财务报表) This section presents the company's consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in owners' equity for the first half of 2025, comprehensively reflecting its financial position, operating results, and cash flows [Consolidated Balance Sheet](index=52&type=section&id=1、合并资产负债表) As of June 30, 2025, the company's consolidated total assets were 4.07 billion RMB, a 6.62% decrease from the beginning of the period, with total current assets at 2.96 billion RMB, total non-current assets at 1.11 billion RMB, total liabilities at 554.21 million RMB, and total owners' equity at 3.52 billion RMB Consolidated Balance Sheet Key Data | Item | Ending Balance (RMB) | Beginning Balance (RMB) | | :--- | :--- | :--- | | Total Assets | 4,070,667,802.35 | 4,359,134,803.69 | | Total Current Assets | 2,958,361,051.30 | 3,446,152,081.17 | | Total Non-current Assets | 1,112,306,751.05 | 912,982,722.52 | | Total Liabilities | 554,208,329.76 | 823,943,791.98 | | Total Owners' Equity | 3,516,459,472.59 | 3,535,191,011.71 | [Parent Company Balance Sheet](index=54&type=section&id=2、母公司资产负债表) As of June 30, 2025, the parent company's total assets were 4.01 billion RMB, a 1.25% decrease from the beginning of the period, with total current assets at 2.68 billion RMB, total non-current assets at 1.33 billion RMB, total liabilities at 582.36 million RMB, and total owners' equity at 3.43 billion RMB Parent Company Balance Sheet Key Data | Item | Ending Balance (RMB) | Beginning Balance (RMB) | | :--- | :--- | :--- | | Total Assets | 4,007,852,937.76 | 4,058,548,719.60 | | Total Current Assets | 2,682,913,820.92 | 2,962,525,423.29 | | Total Non-current Assets | 1,324,939,116.84 | 1,096,023,296.31 | | Total Liabilities | 582,358,509.48 | 626,886,474.48 | | Total Owners' Equity | 3,425,494,428.28 | 3,431,662,245.12 | [Consolidated Income Statement](index=56&type=section&id=3、合并利润表) For the first half of 2025, the company's consolidated total operating revenue was 321.39 million RMB, a 40.34% year-on-year decrease, resulting in an operating loss of 28.42 million RMB, a net loss of 18.73 million RMB, and a net loss attributable to parent company shareholders of 18.69 million RMB, with basic earnings per share at -0.0301 RMB/share Consolidated Income Statement Key Data | Item | H1 2025 (RMB) | H1 2024 (RMB) | | :--- | :--- | :--- | | Total Operating Revenue | 321,393,391.55 | 538,712,454.88 | | Total Operating Costs | 360,105,790.30 | 464,788,804.05 | | Operating Profit | -28,416,364.13 | 76,137,939.05 | | Total Profit | -25,600,399.49 | 76,295,287.65 | | Net Profit | -18,731,539.12 | 72,268,307.94 | | Net Profit Attributable to Parent Company Shareholders | -18,692,724.65 | 71,960,062.58 | | Basic Earnings Per Share | -0.0301 | 0.1167 | [Parent Company Income Statement](index=58&type=section&id=4、母公司利润表) For the first half of 2025, the parent company's operating revenue was 185.83 million RMB, a 51.36% year-on-year decrease, resulting in an operating loss of 15.42 million RMB and a net loss of 6.17 million RMB Parent Company Income Statement Key Data | Item | H1 2025 (RMB) | H1 2024 (RMB) | | :--- | :--- | :--- | | Operating Revenue | 185,833,288.94 | 382,076,478.14 | | Operating Profit | -15,424,576.87 | 78,550,312.03 | | Total Profit | -12,694,408.55 | 78,553,310.55 | | Net Profit | -6,167,816.84 | 76,584,692.54 | [Consolidated Cash Flow Statement](index=60&type=section&id=5、合并现金流量表) For the first half of 2025, the company's net cash flow from operating activities was -61.19 million RMB, a 45.63% year-on-year increase, net cash flow from investing activities was -760 million RMB, and net cash flow from financing activities was -60.80 million RMB, with cash and cash equivalents at period-end totaling 634.49 million RMB Consolidated Cash Flow Statement Key Data | Item | H1 2025 (RMB) | H1 2024 (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -61,194,454.81 | -112,544,150.62 | | Net Cash Flow from Investing Activities | -759,757,274.40 | -603,911,262.37 | | Net Cash Flow from Financing Activities | -60,801,044.18 | -128,373,978.06 | | Net Increase in Cash and Cash Equivalents | -881,752,773.39 | -844,829,391.05 | | Cash and Cash Equivalents at End of Period | 634,487,488.04 | 791,476,678.85 | [Parent Company Cash Flow Statement](index=61&type=section&id=6、母公司现金流量表) For the first half of 2025, the parent company's net cash flow from operating activities was -14.85 million RMB, net cash flow from investing activities was -758.06 million RMB, and net cash flow from financing activities was -27.18 million RMB, with cash and cash equivalents at period-end totaling 525.69 million RMB Parent Company Cash Flow Statement Key Data | Item | H1 2025 (RMB) | H1 2024 (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -14,845,583.58 | -50,018,079.70 | | Net Cash Flow from Investing Activities | -758,055,977.36 | -615,273,101.12 | | Net Cash Flow from Financing Activities | -27,184,917.12 | -132,373,978.06 | | Net Increase in Cash and Cash Equivalents | -800,086,478.06 | -797,665,158.88 | | Cash and Cash Equivalents at End of Period | 525,685,859.00 | 712,276,926.27 | [Consolidated Statement of Changes in Owners' Equity](index=62&type=section&id=7、合并所有者权益变动表) For the first half of 2025, the company's consolidated total owners' equity decreased by 18.73 million RMB, primarily due to net loss reducing retained earnings, while share capital, capital reserves, treasury stock, and surplus reserves remained unchanged Consolidated Statement of Changes in Owners' Equity | Item | Beginning Balance (RMB) | Change in Current Period (RMB) | Ending Balance (RMB) | | :--- | :--- | :--- | | Share Capital | 621,130,158.00 | 0.00 | 621,130,158.00 | | Capital Reserves | 1,918,211,453.33 | 0.00 | 1,918,211,453.33 | | Less: Treasury Stock | 100,082,195.57 | 0.00 | 100,082,195.57 | | Surplus Reserves | 146,609,445.87 | 0.00 | 146,609,445.87 | | Retained Earnings | 939,045,956.35 | -18,692,724.65 | 920,353,231.70 | | Total Owners' Equity Attributable to Parent Company | 3,524,914,817.98 | -18,692,724.65 | 3,506,222,093.33 | | Minority Interests | 10,276,193.73 | -38,814.47 | 10,237,379.26 | | **Total Owners' Equity** | **3,535,191,011.71** | **-18,731,539.12** | **3,516,459,472.59** | [Parent Company Statement of Changes in Owners' Equity](index=66&type=section&id=8、母公司所有者权益变动表) For the first half of 2025, the parent company's total owners' equity decreased by 6.17 million RMB, primarily due to net loss reducing retained earnings, while share capital, capital reserves, treasury stock, and surplus reserves remained unchanged Parent Company Statement of Changes in Owners' Equity | Item | Beginning Balance (RMB) | Change in Current Period (RMB) | Ending Balance (RMB) | | :--- | :--- | :--- | | Share Capital | 621,130,158.00 | 0.00 | 621,130,158.00 | | Capital Reserves | 2,016,041,877.36 | 0.00 | 2,016,041,877.36 | | Less: Treasury Stock | 100,082,195.57 | 0.00 | 100,082,195.57 | | Surplus Reserves | 146,609,445.87 | 0.00 | 146,609,445.87 | | Retained Earnings | 747,962,959.46 | -6,167,816.84 | 741,795,142.62 | | **Total Owners' Equity** | **3,431,662,245.12** | **-6,167,816.84** | **3,425,494,428.28** | [Company Basic Information](index=69&type=section&id=三、公司基本情况) Beijing Digital Government Technology Co., Ltd., established on November 6, 2001, and listed on the Shenzhen Stock Exchange (stock code 300075) on April 14, 2010, specializes in smart city application software development and services, with Wu Qianghua as its ultimate controlling party - The company was established on **November 6, 2001**, and listed on the Shenzhen Stock Exchange on **April 14, 2010**, with stock code **300075**[198](index=198&type=chunk)[199](index=199&type=chunk) - The company primarily engages in the development and sale of professional smart city application software, providing technical support and follow-up services[199](index=199&type=chunk) - As of June 30, 2025, the company's total share capital was **621,130,158 shares**, and the ultimate controlling party is Mr. Wu Qianghua[199](index=199&type=chunk)[200](index=200&type=chunk) [Basis of Financial Statement Preparation](index=70&type=section&id=四、财务报表的编制基础) The company's financial statements are prepared on a going concern basis, using the accrual method, and accounting elements are measured at historical cost, with no significant doubts about its ability to continue as a going concern - The company prepares its financial statements on a **going concern basis**, uses the **accrual method** for accounting, and generally measures accounting elements at **historical cost**[201](index=201&type=chunk) - There are no matters or circumstances that could raise significant doubts about the company's ability to continue as a going concern[202](index=202&type=chunk) [Significant Accounting Policies and Accounting Estimates](index=71&type=section&id=五、重要会计政策及会计估计) This section details the company's adherence to enterprise accounting standards, accounting period, operating cycle, functional currency, and materiality criteria, along with comprehensive disclosures on various accounting policies and estimates for business combinations, financial instruments, contract assets, inventories, long-term equity investments, investment properties, fixed assets, borrowing costs, intangible assets, long-term deferred expenses, contract liabilities, employee compensation, provisions, share-based payments, revenue, contract costs, government grants, deferred income tax assets/liabilities, and leases, including significant management judgments and estimates - The company's financial statements comply with the "Enterprise Accounting Standards" issued by the Ministry of Finance and related regulations, accurately and completely reflecting its financial position[204](index=204&type=chunk) - The company's accounting year is from **January 1 to December 31** of the Gregorian calendar, and the actual preparation period for these financial statements is from **January 1, 2025, to June 30, 2025**[205](index=205&type=chunk) - Based on the business model for managing financial assets and the characteristics of contractual cash flows, the company classifies financial assets into three categories: measured at amortized cost, measured at fair value with changes recognized in other comprehensive income, and measured at fair value with changes recognized in current profit or loss[223](index=223&type=chunk) - The company uses the **expected credit loss model** to assess impairment of financial instruments and applies a simplified measurement method for accounts receivable and contract assets to measure loss provisions[227](index=227&type=chunk)[228](index=228&type=chunk) - The company's revenue recognition involves significant accounting judgments and estimates, including identifying customer contracts, estimating collectibility of consideration, identifying performance obligations, estimating variable consideration, and determining the method of fulfilling performance obligations[311](index=311&type=chunk) - When performing impairment tests on goodwill, the company needs to calculate the present value of the estimated future cash flows of the related asset group or asset group portfolio containing goodwill, and make significant judgments on output, selling prices, operating costs, and discount rates[315](index=315&type=chunk) [Taxation](index=110&type=section&id=六、税项) The company's main taxes include VAT, urban maintenance and construction tax, corporate income tax, education surcharge, and local education surcharge, with the company and some subsidiaries enjoying high-tech enterprise income tax benefits (15% rate) and VAT immediate refund policies for software products, while some subsidiaries apply a 5% corporate income tax rate as small low-profit enterprises Main Tax Categories and Rates | Tax Category | Tax Base | Tax Rate | | :--- | :--- | :--- | | Value-Added Tax (VAT) | Taxable Value-Added Amount | 13%, 9%, 6%, 5%, 3% | | Urban Maintenance and Construction Tax | Amount of Turnover Tax Payable | 7% | | Corporate Income Tax | Taxable Income | See table below | | Education Surcharge | Amount of Turnover Tax Payable | 3% | | Local Education Surcharge | Amount of Turnover Tax Payable | 2% | - Beijing Digital Government Technology Co., Ltd. and Beijing Digital Zhitong Technology Co., Ltd. apply a **15% corporate income tax rate** and enjoy the VAT immediate refund policy for software products[322](index=322&type=chunk)[323](index=323&type=chunk) - Several subsidiaries, as small low-profit enterprises, actually apply a **5% corporate income tax rate** during the current reporting period[324](index=324&type=chunk) [Notes to Consolidated Financial Statement Items](index=112&type=section&id=七、合并财务报表项目注释) This section provides detailed disclosures on the ending balances, beginning balances, and current period changes for various asset, liability, owners' equity, and profit/loss items in the company's consolidated financial statements, including monetary funds, trading financial assets, accounts receivable, contract assets, other receivables, inventories, long-term equity investments, intangible assets, goodwill, short-term borrowings, accounts payable, employee compensation payable, operating revenue, and costs, with explanations for significant changes Monetary Funds | Item | Ending Balance (RMB) | Beginning Balance (RMB) | | :--- | :--- | :--- | | Cash on Hand | 125,814.57 | 129,814.57 | | Bank Deposits | 650,687,773.07 | 1,530,696,782.59 | | Other Monetary Funds | 7,512,245.49 | 7,346,177.28 | | **Total** | **658,325,833.13** | **1,538,172,774.44** | Trading Financial Assets | Item | Ending Balance (RMB) | Beginning Balance (RMB) | | :--- | :--- | :--- | | Financial assets measured at fair value with changes recognized in current profit or loss | 700,728,617.65 | 210,728,617.65 | | Of which: Wealth management products | 700,728,617.65 | 210,728,617.65 | | **Total** | **700,728,617.65** | **210,728,617.65** | Accounts Receivable by Age | Age | Ending Book Balance (RMB) | Beginning Book Balance (RMB) | | :--- | :--- | :--- | | Within 1 year (inclusive) | 542,285,587.03 | 472,905,758.81 | | 1 to 2 years | 330,693,427.25 | 484,777,865.17 | | 2 to 3 years | 346,126,518.24 | 315,051,919.63 | | Over 3 years | 471,254,213.84 | 515,878,660.54 | | **Total** | **1,690,359,746.36** | **1,788,614,204.15** | Operating Revenue and Operating Cost | Item | Current Period Revenue (RMB) | Current Period Cost (RMB) | Prior Period Revenue (RMB) | Prior Period Cost (RMB) | | :--- | :--- | :--- | :--- | :--- | | Main Business | 317,179,628.76 | 208,858,366.23 | 535,068,226.78 | 301,795,584.17 | | Other Business | 4,213,762.79 | 2,076,158.51 | 3,644,228.10 | 2,279,221.89 | | **Total** | **321,393,391.55** | **210,934,524.74** | **538,712,454.88** | **304,074,806.06** | [Research and Development Expenses](index=146&type=section&id=八、研发支出) During the reporting period, total R&D expenses were 76.05 million RMB, comprising 48.93 million RMB in expensed R&D and 27.12 million RMB in capitalized R&D, with key capitalized projects including Xingkui Platform V1.0, Vehicle Intelligent Recognition and Collection 5.0, All-Industry Data Collection Platform 1.0, and Renhe Large Model Operation and Management AI Knowledge Base, all expected to be completed by March 2026 R&D Expense Situation | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Employee Compensation | 54,548,251.33 | 61,260,010.28 | | Amortization of Self-Developed Intangible Assets | 19,586,921.36 | 18,629,145.79 | | Depreciation Expense | 438,503.40 | 316,169.65 | | Travel Expenses | 288,882.17 | 827,714.32 | | Equipment and Material Costs | 363,500.00 | 216,886.69 | | Office Expenses | 146,057.68 | 104,432.10 | | Other | 682,829.72 | 171,020.30 | | **Total** | **76,054,945.66** | **81,525,379.13** | | Of which: Expensed R&D | 48,934,103.85 | 51,872,250.74 | | Capitalized R&D | 27,120,841.81 | 29,653,128.39 | Important Capitalized R&D Projects | Project | R&D Progress | Estimated Completion Time | Start of Capitalization | | :--- | :--- | :--- | :--- | | Xingkui Platform V1.0 | In progress | March 01, 2026 | January 01, 2024 | | Vehicle Intelligent Recognition and Collection 5.0 | In progress | March 01, 2026 | January 01, 2025 | | All-Industry Data Collection Platform 1.0 | In progress | March 01, 2026 | January 01, 2025 | | Renhe Large Model Operation and Management AI Knowledge Base | In progress | March 01, 2026 | January 01, 2025 | [Changes in Consolidation Scope](index=147&type=section&id=九、合并范围的变更) During the reporting period, the company disposed of Jiangxi Zhengtong City Operation Technology Co., Ltd., losing control, and established a new subsidiary, Beijing Digital Government Technology Service Co., Ltd - The company disposed of Jiangxi Zhengtong City Operation Technology Co., Ltd., losing control, with a disposal price of **45,720,000.00 RMB**, generating an investment income of **13,974,259.86 RMB**[540](index=540&type=chunk) - The company established a new subsidiary, Beijing Digital Government Technology Service Co., Ltd., with a registered capital of **5 million RMB** and a **100% shareholding**, though capital contributions have not yet been paid in[541](index=541&type=chunk) [Interests in Other Entities](index=148&type=section&id=十、在其他主体中的权益) This section discloses the company's interests in subsidiaries, joint ventures, and associates, including several wholly-owned or controlled subsidiaries primarily engaged in computer services and software development, with Wisdom (Yiyuan) Urban Construction and Operation Co., Ltd. and Zibo Luyou Zhengtong Private Equity Investment Partnership (Limited Partnership) identified as significant associates - The company owns Beijing Digital Zhitong Technology Co., Ltd., Beijing Digital Government Data Technology Co., Ltd., Shanghai Zhengtong Information Technology Co., Ltd., and other wholly-owned or controlled subsidiaries[542](index=542&type=chunk)[543](index=543&type=chunk)[544](index=544&type=chunk) - Zhengtong Smart City Operation Technology Co., Ltd. is a significant non-wholly-owned subsidiary of the company, w

Group 1 - The stock price of Digital Zhengtong is reported at 18.07 yuan as of August 8, 2025, with a decrease of 0.42 yuan, representing a decline of 2.27% from the previous trading day [1] - The opening price for the day was 18.39 yuan, with a highest point of 18.49 yuan and a lowest point of 18.05 yuan, resulting in a trading volume of 390 million yuan and a turnover rate of 4.17% [1] - Digital Zhengtong operates in the software development industry, focusing on smart city solutions, blockchain, and AI technologies [1] Group 2 - The company has a stake in Tianjian Yuanda, one of the early players in medical information technology in China, which has applied AI technology in various medical scenarios such as smart consultations, electronic medical records, and clinical diagnosis [1] - On August 8, 2025, Digital Zhengtong introduced a new "Internet Medical" concept, with Tianjian Yuanda's AI applications aimed at optimizing diagnostic processes and enhancing data intelligence to support hospitals' digital transformation [1] Group 3 - On August 8, 2025, the main capital outflow was 43.03 million yuan, with a cumulative net outflow of 52.74 million yuan over the past five days [2]

来源：金融界 天眼查商业履历信息显示，北京数字政通科技股份有限公司，成立于2001年，位于北京市，是一家以从 事软件和信息技术服务业为主的企业。企业注册资本62113.0158万人民币，实缴资本62113.0158万人民 币。公司法定代表人为王东。 通过天眼查大数据分析，北京数字政通科技股份有限公司共对外投资了48家企业，参与招投标项目3880 次，知识产权方面有商标信息5条，专利信息40条，此外企业还拥有行政许可7个。 金融界消息 截至2025年8月8日收盘，数字政通（300075）报收于18.07元，下跌2.27%，换手率4.17%， 成交量21.47万手，成交金额3.90亿元。 资金流向方面，今日主力资金净流出4303.35万元，占比成交额11.03%。其中，超大单净流出2405.82万 元、占成交额6.17%，大单净流出1897.53万元、占成交额4.86%，中单净流出流出1313.15万元、占成交 额3.37%，小单净流入5616.50万元、占成交额14.4%。 数字政通最新一期业绩显示，截至2025一季报，公司营业总收入1.82亿元、同比减少38.02%，归属净利 润690.44万元，同比减少87 ...

Group 1 - The stock price of Digital Zhitong (300075) closed at 18.1 yuan on August 1, 2025, with an increase of 3.13% and a turnover rate of 7.25% [1] - The trading volume was 373,100 hands, with a transaction amount of 664 million yuan [1] - The net inflow of main funds was 35.92 million yuan, accounting for 5.41% of the transaction amount, with large orders showing a net inflow of 46.35 million yuan [1] Group 2 - For the first quarter of 2025, Digital Zhitong reported total operating revenue of 182 million yuan, a year-on-year decrease of 38.02%, and a net profit attributable to shareholders of 6.90 million yuan, down 87.79% year-on-year [1] - The company's current ratio is 5.131, quick ratio is 4.956, and debt-to-asset ratio is 16.84% [1] - Digital Zhitong has invested in 48 companies and participated in 3,875 bidding projects, holding 5 trademarks and 40 patents [2]

Core Viewpoint - The actual controller of the company, Wu Qianghua, reduced his shareholding through a block trade, selling 12 million shares, which represents 1.93% of the total share capital of the company [1] Summary by Relevant Sections - **Shareholding Changes** - After the transaction, Wu Qianghua's shareholding decreased from 13,646.5 million shares to 12,446.5 million shares, reducing his ownership percentage from 21.97% to 20.04% [1] - The change in shareholder equity triggered a shift of 1% in the integer multiple [1] - **Impact on Company Structure** - This reduction in shareholding will not lead to a change in the controlling shareholder or the actual controller of the company [1] - The company's governance structure and ongoing operations will remain unaffected [1]

Core Viewpoint - The actual controller of Digital Zhitong, Wu Qianghua, has reduced his shareholding through block trading, indicating a strategic move in the company's ownership structure [1] Summary by Relevant Sections Shareholding Reduction - Wu Qianghua reduced his holdings by 12 million shares at an average price of 16.68 yuan per share, accounting for 1.93% of the company's total share capital [1] - After the reduction, his shareholding decreased from 136 million shares to 124 million shares, with the ownership percentage dropping from 21.97% to 20.04% [1] Share Structure Post-Reduction - Post-reduction, the shares held without selling restrictions amount to 22.1162 million shares, representing 3.56% of the total [1] - The shares with selling restrictions total 102 million shares, which is 16.48% of the total [1] Completion of Reduction Plan - The reduction plan has been fully implemented and has reached the 21% integer threshold [1]