国民技术股份有限公司 2022 年半年度报告全文 国民技术股份有限公司 Nations Technologies Inc. 2022 年半年度报告 （公告编号：2022-057） 二〇二二年八月 国民技术股份有限公司 2022 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告 内容的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏， 并承担个别和连带的法律责任。 公司负责人孙迎彤先生、主管会计工作负责人徐辉先生及会计机构 负责人(会计主管人员)余永德先生声明：保证本半年度报告中财务报告 的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本报告涉及的未来计划、发展战略等前瞻性描述不构成公司对投资 者的实质承诺，投资者及相关人士均应当对此保持足够的风险认识，并 且应当理解计划、预测与承诺之间的差异。 公司需遵守《深圳证券交易所上市公司自律监管指引第 4 号——创 业板行业信息披露》中的"集成电路业务"及"锂离子电池产业链相关 业务"的披露要求。 公司在本报告第三节"管理层讨论与分析"之"十、公司面临的风 险和应对措施"部分，详细描述 ...

Financial Performance - The company's operating revenue for Q1 2022 was ¥339,894,668.17, representing a 249.35% increase compared to ¥97,292,464.39 in the same period last year[4] - Net profit attributable to shareholders was ¥24,617,682.12, a significant turnaround from a loss of ¥16,260,597.68 in the previous year, marking a 251.39% increase[4] - The net profit after deducting non-recurring gains and losses was ¥23,465,169.49, compared to a loss of ¥27,924,726.51 last year, reflecting an increase of 184.03%[4] - Total operating revenue for the current period reached ¥339,894,668.17, a significant increase from ¥97,292,464.39 in the previous period, representing a growth of approximately 249.5%[34] - Net profit for the current period was ¥29,446,280.54, a turnaround from a net loss of ¥19,846,842.16 in the previous period[38] - The total comprehensive income for the current period was ¥29,187,782.51, a significant recovery from a loss of ¥19,545,162.72 in the previous period[40] - The company reported a basic earnings per share of ¥0.04, compared to a loss per share of ¥0.03 in the previous period[40] Assets and Liabilities - The company's total assets increased by 6.81% to ¥2,849,516,321.67 from ¥2,667,945,584.97 at the end of the previous year[5] - The company's total assets reached ¥2,849,516,321.67, up from ¥2,667,945,584.97, indicating a growth of about 6.8%[29] - Total current assets increased to ¥1,549,333,014.39 from ¥1,381,425,177.36 at the beginning of the year, reflecting a growth of approximately 12.2%[29] - The total liabilities increased, with short-term borrowings rising to ¥120,172,058.33 from ¥90,175,725.00, marking an increase of about 33.3%[29] - The company's total liabilities decreased from ¥1,116,378,131.97 at the beginning of the year to ¥1,081,871,506.91 at the end of the period, reflecting a reduction of approximately 3.1%[32] - The total non-current liabilities decreased slightly from ¥363,679,093.18 to ¥361,299,603.27, indicating a reduction of about 0.7%[32] Cash Flow - Cash flow from operating activities showed a net outflow of ¥163,799,114.39, worsening by 68.89% compared to the previous year's outflow of ¥96,985,733.01[4] - The company's cash flow from operating activities showed improvement, contributing positively to the overall financial health[41] - Operating cash inflow for the current period was $276,216,803.19, compared to $103,379,922.78 in the previous period, representing an increase of approximately 167%[44] - Cash outflow from operating activities totaled $440,015,917.58, up from $200,365,655.79 in the previous period, indicating a 119% increase[46] - Net cash flow from operating activities was -$163,799,114.39, worsening from -$96,985,733.01 in the previous period[46] - Cash inflow from investment activities was $119,727,321.74, down from $169,748,809.97 in the previous period, a decrease of about 29%[46] - Net cash flow from investment activities was -$7,127,596.37, compared to $35,656,922.74 in the previous period, reflecting a significant decline[46] - Cash inflow from financing activities amounted to $179,071,208.00, with no inflow reported in the previous period[48] - Net cash flow from financing activities was $169,724,693.55, a turnaround from -$12,102,152.75 in the previous period[48] - The ending cash and cash equivalents balance was $470,671,372.78, compared to $185,462,956.83 in the previous period, showing an increase of approximately 153%[48] Shareholder Information - The total number of common shareholders at the end of the reporting period is 95,151, with the top 10 shareholders holding an average of 10.62% of shares[18] - The top shareholder, Sun Yingtong, holds 3.75% of the shares, with a total of 22,244,400 shares[18] - The number of restricted shares held by major shareholders decreased from 47,608,800 to 46,233,800, with 1,375,000 shares released during the period[24] Inventory and Costs - The company reported a significant increase in inventory, which rose by 46.13% to ¥14,777.14 million, driven by increased sales orders for MCU products and rising raw material prices[10] - The inventory balance at the end of the period was ¥468,074,766.51, significantly higher than ¥320,303,346.26 at the beginning of the year, representing an increase of approximately 46.2%[27] - Total operating costs for the current period were ¥312,981,141.95, compared to ¥127,376,012.26 in the previous period, indicating an increase of about 145.0%[36] Research and Development - Research and development expenses for the current period amounted to ¥66,056,211.25, up from ¥29,333,881.00 in the previous period, representing an increase of approximately 125.0%[36]

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-on-year increase of 15% compared to 2020[26]. - The net profit attributable to shareholders was RMB 200 million, which is a 10% increase from the previous year[26]. - The company's operating revenue for 2021 was ¥1,017,608,714.04, representing a 168.00% increase compared to ¥379,707,203.30 in 2020[32]. - The net profit attributable to shareholders for 2021 was ¥218,975,957.10, a significant increase of 1849.09% from ¥11,234,770.54 in 2020[32]. - The net cash flow from operating activities for 2021 was ¥212,489,791.79, showing a 741.40% increase compared to ¥25,254,297.09 in 2020[32]. - The company achieved operating revenue of 1,017.61 million yuan, a year-on-year increase of 168%[95]. - The net profit attributable to shareholders reached 218.98 million yuan, up 1,849.09% year-on-year[95]. - The company reported a total investment of ¥147,914,721.30 in financial assets, with a fair value change loss of ¥771,653.37 during the reporting period[161]. User Growth and Market Expansion - User data showed a growth in active users by 25%, reaching a total of 5 million active users by the end of 2021[26]. - The company is expanding its market presence in Southeast Asia, with plans to enter three new countries by the end of 2022[26]. - Domestic sales accounted for 88.41% of total revenue, while overseas sales surged by 420.13% to ¥117,955,911.14, representing 11.59% of total revenue[106]. - The company aims to strengthen market expansion and increase market share by developing competitive products and solutions tailored to customer needs in various industry applications[72]. Research and Development - The company plans to invest RMB 300 million in research and development for new products and technologies in 2022[26]. - The company will continue to invest in R&D for 32-bit MCU products, focusing on high-end and high-performance MCUs, while maintaining core technology competitiveness in the IoT field[69]. - R&D expenses increased by 71.51% to ¥227,253,437.87, primarily due to stock incentive costs, employee compensation, and increased R&D materials and commissioned development fees[132]. - The company is in the mass production stage for several MCU projects based on ARM Cortex-M4 and M0 cores, targeting IoT, energy management, and industrial applications[132]. Product Development and Strategy - The company has launched a new line of security chips, which is expected to contribute an additional RMB 100 million in revenue in 2022[26]. - The company focuses on "general + security" product strategy, developing MCU, security chips, and RF chips for various applications including IoT and industrial control[61]. - The company aims to expand its "General + Security" product strategy, focusing on high-end high-performance MCUs, high-reliability automotive MCUs, and safety micro-certification chips, enhancing market competitiveness in both traditional and general fields[67]. - The company is developing a high-performance, low-power financial security chip, which is in the verification stage, aimed at enhancing competitiveness in financial security applications[135]. Supply Chain and Operational Management - The company has identified potential risks in supply chain disruptions and is implementing measures to mitigate these risks[7]. - The company strengthened supply chain management, resulting in increased production capacity and significant revenue growth despite global chip shortages[103]. - The total operating cost for 2021 was CNY 529,366,113.28, a year-on-year increase of 140.21% compared to CNY 220,379,284.65 in 2020[120]. Intellectual Property and Competitive Advantage - The company has accumulated a total of 2,443 intellectual property applications, with 1,419 granted, including 1,497 patent applications[86]. - The company holds nearly 60 independent intellectual property rights in the artificial graphite negative electrode materials sector[90]. - The company has established strategic partnerships with domestic and international semiconductor industry players to enhance its technology advantages[84]. Investment and Financial Management - The company implemented a long-term incentive plan through restricted stock to attract and retain talent, aiming for sustainable growth[102]. - The company utilized ¥5 billion of over-raised funds to establish a wholly-owned subsidiary for industrial investment, with cumulative payments for equity acquisitions totaling ¥25,182.70 million as of December 31, 2021[166][168]. - The company has committed to invest a total of 33,552.00 million in various projects, with a previous total of 32,446.60 million[174]. Market Trends and Industry Insights - The sales revenue of China's integrated circuit industry increased from CNY 144 billion in 2010 to CNY 884.8 billion in 2020, with a compound annual growth rate (CAGR) of 19.91%[48]. - The output volume of negative electrode materials in China reached 365,000 tons in 2020, representing a year-on-year growth of 37.7%[58]. - The company is actively preparing for the industrialization of silicon-carbon anode materials, responding to the increasing demand from lithium battery enterprises[198].

证券代码：300077 证券简称：国民技术 公告编号：2021-102 国民技术股份有限公司 关于参加 2021 深圳辖区"沟通传递价值，交流创造良好生 态"上市公司投资者网上集体接待日活动的公告 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。 为进一步加强与投资者的互动交流工作，国民技术股份有限公司（以下简称 "公司"）将参加由深圳上市公司协会、深圳市全景网络有限公司共同举办的"沟 通传递价值，交流创造良好生态" ——2021 深圳辖区上市公司投资者网上集体接 待日活动，现将有关事项公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台，采取网 络远程方式举行，投资者可登录"全景•路演天下"网站（http://rs.p5w.net/） 或关 注微信公众号：全景财经，参与公司本次投资者集体接待日活动，活动时间为 2021 年 11 月 30 日 14:00 至 17:00。 届时公司副总经理、财务总监徐辉先生，副总经理、董事会秘书叶艳桃女士 将通过网络文字交流形式与投资者进行沟通，欢迎广大投资者积极参与。 特此公告。 国民技术股份有限公司 董 ...

证券代码：300077 证券简称：国民技术 公告编号：2021-097 国民技术股份有限公司 2021年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1、董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、 完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任 2、公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明： 保证季度报告中财务信息的真实、准确、完整。 3、第三季度报告未经审计。 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | |---------------------------------------------------------|----------------|-------------------------|-----------------|--------------------------------| | □ 是 √ 否 | 本报告期 | 本 ...

国民技术股份有限公司 2021 年半年度报告全文 国民技术股份有限公司 Nations Technologies Inc. 2021 年半年度报告 （公告编号：2021-088） 二〇二一年八月 国民技术股份有限公司 2021 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别 和连带的法律责任。 公司负责人孙迎彤先生、主管会计工作负责人徐辉先生及会计机构负责人 (会计主管人员)余永德先生声明：保证本半年度报告中财务报告的真实、准确、 完整。 所有董事均已出席了审议本报告的董事会会议。 本报告涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者的实 质承诺，投资者及相关人士均应当对此保持足够的风险认识，并且应当理解计 划、预测与承诺之间的差异。 公司需遵守《深圳证券交易所创业板行业信息披露指引第 12 号——上市公 司从事集成电路相关业务》及《深圳证券交易所创业板行业信息披露指引第 13 号——上市公司从事锂离子电池产业链相关业务》的披露要求。 公司在本报告第三节"管理层讨论与 ...

Financial Performance - The company's performance significantly declined due to a substantial decrease in non-recurring gains compared to the previous year, alongside delays in business operations caused by the pandemic[7]. - The company's operating revenue for 2020 was ¥379,707,203.30, a decrease of 3.81% compared to ¥394,733,173.32 in 2019[29]. - The net profit attributable to shareholders for 2020 was ¥11,234,770.54, representing a significant decline of 89.19% from ¥103,920,641.64 in 2019[29]. - The basic earnings per share for 2020 was ¥0.02, down 89.47% from ¥0.19 in 2019[29]. - The company reported a weighted average return on equity of 0.94% for 2020, down from 9.17% in 2019, indicating a decline in profitability[29]. - The company achieved operating revenue of 37,970.72 million yuan, a decrease of 3.81% compared to the previous year[92]. - The net profit attributable to the parent company was 1,123.48 million yuan, down 89.19% year-on-year, with a net profit of -14,674.61 million yuan after deducting non-recurring gains and losses, a reduction in losses of 75.10%[92]. - The company’s non-recurring gains and losses amounted to 15,798.09 million yuan, significantly lower than the previous year's 69,330.17 million yuan[92]. Research and Development - The company maintained a high level of R&D investment to enhance core competitiveness and expand its product line, despite the impact on new product contributions to overall performance[7]. - The company has accumulated 2,296 intellectual property applications, with 1,333 granted, including 1,464 patent applications and 730 granted patents by the end of 2020[77]. - The company has invested in R&D for general-purpose MCU chips, aiming to provide a comprehensive product series for various applications[76]. - The company is focusing on the development of IoT security MCU products and technologies, enhancing its competitive edge in the market[137]. - The company continued to invest in R&D, particularly in the development of high-capacity, long-cycle silicon-carbon composite materials for lithium-ion batteries[108]. - The company has established a research and development center in Singapore to attract high-end talent with experience in international semiconductor companies[72]. Market Position and Strategy - The company is focused on expanding its market presence and enhancing its product offerings through continuous innovation and development[7]. - The company operates in two main business areas: integrated circuits and new energy negative materials[45]. - The company is positioned to benefit from the rapid growth of the integrated circuit industry driven by new technologies such as 5G, AI, and IoT, which are expected to create strong market demand[52]. - The integrated circuit industry in China is experiencing significant growth opportunities due to local production trends and government support for new infrastructure initiatives[51]. - The company is actively expanding its customer base, achieving significant sales growth with major clients in the anode materials segment[122]. - The company is enhancing its capabilities in customized mass production processes in the semiconductor manufacturing industry[107]. Product Development - The company launched over 70 general-purpose security MCU products based on ARM Cortex-M0 and M4 cores during the reporting period, with multiple products entering mass production[57]. - The company has developed multiple general-purpose MCU products based on ARM Cortex-M0 and M4 cores, with some models entering mass production[75]. - The company has completed small-scale development of products with specific capacity of 400-450 mAh/g, which are currently in the pilot and mass production preparation stages[87]. - The company is focusing on the development of a smart management system for affordable housing, integrating advanced technologies such as identity recognition and high-security chips[107]. - The company is targeting high-performance and high-reliability integrated circuit products as key areas for future development[198]. Financial Management - The profit distribution plan approved by the board proposes no cash dividends or bonus shares, with a capital reserve transfer of 0 shares for every 10 shares held[10]. - The company reported a total registered capital of 557,615,000 RMB, which serves as the basis for the profit distribution plan[10]. - The company’s long-term borrowings increased by 654.76%, reflecting a shift from short-term to long-term debt to alleviate repayment pressure[67]. - The company’s trading financial assets increased by 51.91% compared to the beginning of the period, attributed to the rising fair value of investments in Ambiq Micro, Inc.[64]. - The company’s monetary funds at the end of the year amounted to ¥295,788,279.48, representing 14.46% of total assets, an increase of 2.56% from the beginning of the year[154]. Operational Challenges - The impact of the pandemic on the company's supply chain and operational timelines has been acknowledged, with strategies in place to mitigate these effects[7]. - Future plans and strategic developments mentioned in the report do not constitute a substantive commitment to investors, highlighting the need for caution regarding investment risks[7]. - The company experienced a net loss attributable to shareholders in the first quarter of 2020 of -¥11,756,861.26, with subsequent quarters showing fluctuations in profitability[33]. - The company confirmed that there were no significant differences in financial data reported under international and Chinese accounting standards during the reporting period[34]. Industry Trends - In 2020, the global semiconductor market grew by 6.5% to reach $439 billion, while China's integrated circuit sales revenue reached ¥884.8 billion, with an average growth rate of 20%[51]. - The global MCU market is expected to reach $22.3 billion in 2021, with a year-on-year growth of 7.21%, and 32-bit MCUs are projected to dominate the market with a share of 71% by 2024[55]. - The identity authentication technology market is projected to have substantial growth potential, driven by increasing information security concerns[197]. - The general MCU market in China is rapidly growing, but most products are still imported, indicating a significant opportunity for domestic manufacturers[198]. Investment and Funding - The total amount of raised funds was 230,401.97 million yuan, with 2,308.25 million yuan utilized in the reporting period, representing 13.56% of the total raised funds[163]. - The company has not changed the use of raised funds for the committed projects[171]. - The company has confirmed that the pre-investment of 38.3311 million yuan in fundraising projects has been replaced with raised funds[183]. - The total amount of excess funds allocated reached 257,743.66 million CNY, with 228,149.30 million CNY already utilized[177]. - The company has utilized approximately 16.4873 million yuan of remaining raised funds for the operation of its R&D platform[186].

Financial Performance - Total revenue for Q1 2021 was ¥97,292,464.39, an increase of 22.74% compared to ¥79,268,059.88 in the same period last year[11]. - Net profit attributable to shareholders was -¥16,260,597.68, a decrease of 38.31% from -¥11,756,861.26 year-on-year[11]. - Net cash flow from operating activities was -¥96,985,733.01, representing a decline of 101.77% compared to -¥48,066,821.89 in the previous year[11]. - Operating costs increased by CNY 24.5015 million, a growth of 64.75%, driven by increased revenue and changes in product structure, resulting in a decline in overall gross margin[30]. - Financial expenses increased by CNY 4.0475 million, a growth of 58.81%, primarily due to increased interest expenses[33]. - The company reported a net loss of CNY 1,259,597,339.57 in retained earnings, slightly improved from a loss of CNY 1,252,593,091.07 in the previous period[96]. - The total profit for the current period is a loss of CNY 18,220,393.14, compared to a loss of CNY 13,694,148.15 in the previous period, reflecting an increase in losses of about 33.5%[103]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,137,224,163.14, an increase of 4.48% from ¥2,045,496,596.22 at the end of the previous year[11]. - The company's total assets as of March 31, 2021, amounted to CNY 2,086,298,188.57, a slight decrease from CNY 2,110,009,885.59 at the end of 2020[96]. - The company's total liabilities increased to ¥677.58 million as of March 31, 2021, compared to ¥607.80 million at the end of 2020, marking an increase of 11.5%[80]. - Total liabilities reached CNY 503,023,984.19, down from CNY 519,731,432.71 in the previous period[93]. - The company's equity attributable to shareholders was CNY 1,583,274,204.38, compared to CNY 1,590,278,452.88 at the end of 2020[96]. - The company reported a significant amount of other payables, totaling ¥236,736,393.16[140]. Cash Flow - The net cash flow from operating activities decreased by CNY 48.9189 million, a decline of 101.77%, mainly due to increased prepayments for orders[35]. - Total cash inflow from operating activities amounted to 103,379,922.78, significantly up from 56,749,323.38 in the previous period[119]. - Cash outflow from operating activities totaled 200,365,655.79, compared to 104,816,145.27 in the previous period, reflecting increased operational expenses[119]. - The net cash flow from investing activities was 35,656,922.74, a recovery from -3,567,827.60 in the previous period[119]. - The net cash flow from financing activities was -12,102,152.75, compared to 2,330,028.83 in the previous period, showing a decline in financing[122]. Investments and Development - The company invested CNY 50,000 million to establish a wholly-owned subsidiary, National Investment, with a registered capital fully paid[62]. - The R&D and office building project received CNY 46,000 million, with CNY 45,349.98 million already paid, achieving a utilization rate of 98.59%[62]. - The company has invested heavily in new product development, which carries risks if the products fail to meet market demands[49]. - The company is committed to enhancing its R&D capabilities to mitigate risks associated with technological innovation and market demand changes[49]. - The company aims to enhance product competitiveness and expand into emerging markets through new product development and strategic resource allocation[38]. Risk Management - The company plans to strengthen customer management and risk control mechanisms to mitigate the risks of bad debts and inventory losses[47]. - The company's accounts receivable and notes receivable amounted to CNY 217.6292 million, accounting for 22.31% of current assets, indicating a risk of bad debts due to high levels of receivables[47]. - The company is actively working to recover receivables and manage inventory to alleviate funding risks[53]. - The company faces significant funding pressure due to increased debt financing and a decline in external credit ratings[53]. Market Conditions - The semiconductor industry is experiencing tight supply chain capacity, with some chip delivery times exceeding 10 months[54]. - The rapid development of the integrated circuit design industry is leading to increased competition, potentially reducing average profit margins[50]. - The mobile payment project is facing challenges due to competition from emerging technologies, despite the recognition of RCC technology by the state[63]. - The company plans to continue enhancing the market environment for RCC technology to address challenges in mainstream adoption[63].

证券代码：300077 证券简称：国民技术 公告编号：2020-073 国民技术股份有限公司 关于参加 2020 深圳辖区上市公司投资者 网上集体接待日活动的公告 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。 为进一步加强与投资者的互动交流工作，国民技术股份有限公司（以下简称 "公司"）将参加由深圳上市公司协会、深圳市全景网络有限公司共同举办的"诚 实守信，做受尊重的上市公司"——2020 深圳辖区上市公司投资者网上集体接待 日活动，现将有关事项公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台，采取网 络远程方式举行，投资者可登录"全景•路演天下"网站（http://rs.p5w.net/）或关 注微信公众号：全景财经，参与公司本次投资者集体接待日活动，活动时间为 2020 年 12 月 8 日 9:00 至 17:00。 届时公司董事、董事会秘书叶艳桃女士，副总经理、财务总监徐辉先生将通 过网络文字交流形式与投资者进行沟通，欢迎广大投资者积极参与。 特此公告。 国民技术股份有限公司 董 事 会 二〇二〇年十二月四日 ...

Financial Performance - Operating revenue for the current period was ¥106,339,504.88, representing a year-on-year increase of 19.32%[10] - Net profit attributable to shareholders was ¥25,935,947.42, a significant increase of 166.17% compared to the same period last year[10] - The net cash flow from operating activities was ¥49,308,615.52, showing a remarkable increase of 216.77% year-on-year[10] - Basic earnings per share improved to ¥0.05, a 171.43% increase from the previous year[10] - The weighted average return on net assets was 2.23%, an increase of 6.04% compared to the previous year[10] - The company reported a net profit of ¥55,932,527.31 from non-recurring gains and losses, after accounting for tax effects[12] - Total revenue for the third quarter was CNY 106,339,504.88, an increase from CNY 89,119,948.94 in the same period last year, representing a growth of approximately 19.8%[67] - The net profit for the period was CNY 36,063,392.70, compared to a net loss of CNY 46,917,446.80 in the previous year, showing a significant turnaround[70] - The net profit attributable to the parent company is 25,935,947.42, a significant improvement from a net loss of 39,195,901.18 in the previous period[73] - The total comprehensive income for the current period is 41,772,473.57, compared to a loss of 43,448,267.45 in the previous period[75] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,031,215,890.14, an increase of 0.87% compared to the previous year[10] - The total current assets as of September 30, 2020, amounted to 826.88 million yuan, compared to 798.52 million yuan at the end of 2019[50] - The total assets as of September 30, 2020, were 2.03 billion yuan, slightly up from 2.01 billion yuan at the end of 2019[56] - The total liabilities as of September 30, 2020, were 945.81 million yuan, compared to 926.26 million yuan at the end of 2019[56] - The company's total equity as of September 30, 2020, was 1.09 billion yuan, down from 1.09 billion yuan at the end of 2019[56] - The company reported a retained earnings deficit of CNY -1,643,571,660.13 as of January 1, 2020, unchanged from December 31, 2019[124] Cash Flow - The net cash flow from operating activities increased by RMB 27.8675 million, a growth of 1,652.70%, mainly due to reduced sales and management expenses[31] - Investment cash flow increased by RMB 209.7419 million, a growth of 76.63%, primarily due to a decrease in cash management purchases of financial products[31] - The cash inflow from operating activities for the current period is CNY 360,963,796.64, a decrease of 22.9% compared to CNY 468,131,264.43 in the previous period[101] - The cash inflow from other operating activities is CNY 83,806,530.52, an increase from CNY 74,172,374.95 in the previous period[101] - The company reported a net cash outflow of CNY 26,615,933.52, compared to a net outflow of CNY 188,096,331.28 in the previous period[107] Expenses - Operating expenses decreased by RMB 11.1066 million, a decline of 32.05%, due to cost-saving measures[30] - Management expenses decreased by RMB 24.2015 million, a decline of 36.10%, reflecting the company's efforts to reduce costs[30] - Research and development expenses were CNY 32,655,385.85, slightly up from CNY 31,370,506.32, indicating a year-over-year increase of approximately 4.1%[70] - The financial expenses for the current period were CNY 22,687,597.41, an increase from CNY 17,806,652.50, reflecting a rise of approximately 27.5%[1] - The company incurred credit impairment losses of CNY 39,689,285.44, compared to CNY 11,509,017.41 in the previous period, indicating a significant increase in credit losses[1] Shareholder Information - The total number of shareholders at the end of the reporting period was 71,009, with the top ten shareholders holding significant stakes[18] - The company has not experienced any changes in share capital due to new share issuance or other equity-related activities during the reporting period[14] - The company has not disclosed any significant changes in cumulative net profit or cash dividend policies for the reporting period[39] Legal and Compliance - The company is actively pursuing legal action to enforce performance compensation commitments, which has entered the court's enforcement procedure[38] - There were no violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[40][41] Changes in Financial Reporting - The company adjusted its accounting for prepayments, recognizing CNY 7,745,879.93 as contract liabilities and CNY 1,006,964.39 as tax payable due to new revenue recognition standards[126] - The company executed a retrospective adjustment for the new revenue and leasing standards starting from 2020[136]