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]

国民技术股份有限公司 2020 年半年度报告全文 国民技术股份有限公司 Nations Technologies Inc. 2020 年半年度报告 （公告编号：2020-058） 二〇二〇年八月 国民技术股份有限公司 2020 年半年度报告全文 1 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。 公司在本报告第四节"经营情况 ...

Financial Performance - The company reported a total revenue of 557.615 million RMB for the year 2019, with a year-on-year growth of 10% compared to 2018[8]. - The net profit attributable to shareholders was 50.5 million RMB, representing a decrease of 15% from the previous year[8]. - The company's operating revenue for 2019 was ¥394,733,173.32, a decrease of 34.44% compared to ¥602,059,726.51 in 2018[24]. - The net profit attributable to shareholders was ¥103,920,641.64, a significant increase of 106.44% from a loss of ¥1,614,259,415.68 in 2018[24]. - The net cash flow from operating activities was -¥70,379,752.58, a decline of 118.88% compared to ¥372,734,837.31 in 2018[24]. - The total assets at the end of 2019 were ¥2,013,730,013.21, down 29.32% from ¥2,849,224,999.10 at the end of 2018[24]. - The net assets attributable to shareholders increased by 8.52% to ¥1,179,846,638.99 from ¥1,087,220,154.01 in 2018[24]. - The basic earnings per share for 2019 was ¥0.19, compared to a loss of ¥2.88 in 2018, marking a 106.60% improvement[24]. - The weighted average return on net assets was 9.17%, a significant recovery from -93.57% in 2018[24]. - The company achieved operating revenue of 394.73 million yuan, a decrease of 34.44% compared to the previous year[80]. - The net profit attributable to the parent company was 103.92 million yuan, an increase of 106.44% year-on-year[80]. Market Expansion and Strategy - The company is focusing on expanding its market presence in Southeast Asia, targeting a 20% market share by 2022[8]. - Future guidance indicates a projected revenue growth of 15% for 2020, driven by new product launches and market expansion efforts[8]. - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market reach[8]. - The company aims to become a leader in the domestic MCU industry by improving technology, product variety, and production delivery capabilities[50]. - The company is committed to exploring new market opportunities in strategic emerging industries and integrating resources in the new generation of information technology sectors[185]. Research and Development - The company has allocated 15% of its revenue towards research and development for new technologies in the integrated circuit sector[8]. - The company invested ¥158,131,196.53 in R&D, which represents 40.06% of the operating revenue, a significant increase compared to previous years[126]. - The number of R&D personnel increased to 324, making up 43.20% of the workforce, reflecting a strategic focus on enhancing R&D capabilities[126]. - The company has maintained high R&D investment for new product development, although new products have not yet started contributing to economic benefits during the reporting period[80]. - The company is focusing on optimizing product structure and enhancing core competitive advantages in the integrated circuit design field[186]. Product Development and Innovation - New product development includes the launch of a next-generation security chip, expected to increase sales by 30% in the upcoming fiscal year[8]. - The company is developing next-generation security certification chips, which have completed testing and are entering the customer introduction phase, featuring high security, low power consumption, and high integration[63]. - The company has completed the technical research and development of general-purpose MCU chips, which are now in the verification and testing phase[92]. - The company is actively developing next-generation secure computing standard products and low-power Bluetooth chips to expand its market presence in IoT applications[125]. - The company has completed small-scale development of silicon-carbon anode materials with a first charge capacity of 449 mAh/g and a first efficiency of 91.9%[75]. Financial Management and Investments - The company’s cash and cash equivalents decreased by 50.41% compared to the beginning of the period, primarily due to payments for the acquisition of Snow Industry equity and increased expenditures on fixed and intangible assets[56]. - The company reported an investment loss of 19,895,717.17 yuan, accounting for -15.08% of total profit, primarily due to losses from investments in Huaxia Chip[144]. - The fair value loss on investments was 80,070,802.16 yuan, accounting for -60.70% of total profit, mainly due to a decline in the fair value of performance-based compensation recognized in the previous year[144]. - The total amount of funds raised by the company through its initial public offering (IPO) was RMB 238 million, with a net amount of RMB 230.02459 million after deducting fees[155]. - The company has utilized RMB 15.78 million of the raised funds during the reporting period, representing 13.56% of the total raised amount[155]. Operational Challenges and Risk Management - Risk management strategies have been outlined to address potential market fluctuations and supply chain disruptions[8]. - The company is closely monitoring the impact of the COVID-19 pandemic on its operations and is taking measures to mitigate risks[95]. - The company plans to strengthen customer management and implement stricter risk control mechanisms to prevent bad debts[197]. - The company is focusing on optimizing operational management to reduce costs and improve efficiency in response to a complex business environment[195]. Market Trends and Industry Insights - In 2019, the global semiconductor market sales amounted to $412.1 billion, a year-on-year decline of 12.1%, while China's integrated circuit industry sales reached ¥756.23 billion, a year-on-year increase of 15.8%[44]. - The MCU market is projected to exceed $20 billion by 2022, driven by the growth of IoT, automotive electronics, and artificial intelligence applications[47]. - The demand for lithium battery anode materials in China is projected to grow rapidly, with an expected production of over 1.8 million electric vehicles in 2020, driving a demand increase of over 40% for anode materials[181]. - The market for IoT semiconductors is projected to reach USD 35 billion by 2020, with significant growth expected in MCU, communication chips, and sensor chips[178]. - The anode materials market is expected to maintain rapid growth, with artificial graphite materials projected to account for over 80% of the market share[183].

证券代码：300077 证券简称：国民技术 公告编号：2020-045 国民技术股份有限公司 2020 年第一季度报告 国民技术股份有限公司 2020 年第一季度报告 二〇二〇年四月 国民技术股份有限公司 2020 年第一季度报告 1 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司 2020 年第一季度财务报告未经会计师事务所审计。 公司负责人孙迎彤先生、主管会计工作负责人徐辉先生以及会计机构负责 人余永德先生声明：保证季度报告中财务报表的真实、准确、完整。 国民技术股份有限公司 2020 年第一季度报告 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否因需要追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | |-----------------------------------------------------|------------------|------------------|- ...

1 国民技术股份有限公司 2019 年第三季度报告全文 证券代码：300077 证券简称：国民技术 公告编号：2019-074 国民技术股份有限公司 Nation 您 2019 年第三季度报告 2019 年 10 月 国民技术股份有限公司 2019 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人孙迎彤先生、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：保证季度报告中财务报告的真实、准确、完整。 2 国民技术股份有限公司 2019 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | |-----------------------------------------------------|------------------|----------------- ...

国民技术股份有限公司 2018 年年度报告全文 国民技术股份有限公司 Nationz Technologies Inc. 2018 年年度报告 （公告编号：2019-012） 二〇一九年四月 国民技术股份有限公司 2018 年年度报告全文 1 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，敬请投资者注意投资风险。 公司不需要遵守特殊行业的披露要求。 公司在本报告第四节"经营情况讨论与分析"之"九、公司未来发展的展 望"部分，详细描述了公司经营中可能存在的风险及应对措施，敬请投资者关 注相关内容。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 国民技术股份有限公司 2018 年年度报告全文 目录 | --- | ...

1 国民技术股份有限公司 2019 年第三季度报告全文 证券代码：300077 证券简称：国民技术 公告编号：2019-074 国民技术股份有限公司 Nation 您 2019 年第三季度报告 2019 年 10 月 国民技术股份有限公司 2019 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人孙迎彤先生、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：保证季度报告中财务报告的真实、准确、完整。 2 国民技术股份有限公司 2019 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | |-----------------------------------------------------|------------------|----------------- ...

国民技术股份有限公司 2019 年半年度报告全文 国民技术股份有限公司 Nationz Technologies Inc. 2019 年半年度报告 （公告编号：2019-046） 二〇一九年八月 国民技术股份有限公司 2019 年半年度报告全文 1 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。 公司不需要遵守特殊行业的披露要求。 | --- | --- | |---------------------------------------------------------------------|-------| | | ...

[Important Notice, Table of Contents, and Definitions](index=2&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%20%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA%E3%80%81%E7%9B%AE%E5%BD%95%E5%92%8C%E9%87%8A%E4%B9%89) This section provides essential preliminary information, including the table of contents and key definitions for the report [Company Profile and Key Financial Indicators](index=5&type=section&id=%E7%AC%AC%E4%BA%8C%E8%8A%82%20%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B%E5%92%8C%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) This section provides an overview of the company's fundamental information and a summary of its key financial performance and position [Company Basic Information](index=5&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E4%BF%A1%E6%81%AF) This chapter provides basic information about Nationz Technologies Inc., including its stock code, company name, legal representative, and registered and office addresses | Item | Information | | :--- | :--- | | Stock Abbreviation | Nationz | | Stock Code | 300077 | | Chinese Name | 国民技术股份有限公司 | | Legal Representative | Luo Zhaoxue | | Registered Address | 301, 302, Building 3, Shenzhen Software Park, High-tech Industrial Park, Nanshan District, Shenzhen | | Website | www.nationz.com.cn | [Key Accounting Data and Financial Indicators](index=6&type=section&id=%E4%BA%94%E3%80%81%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) In 2017, the company's operating revenue remained stable, but a significant asset impairment led to a net loss of RMB 488 million, a 582.21% year-over-year decrease, with operating cash flow also deteriorating significantly Key Financial Data for 2017 | Indicator | 2017 | 2016 | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue (RMB) | 694,957,148.30 | 706,124,094.84 | -1.58% | | Net Profit Attributable to Shareholders (RMB) | -488,035,935.10 | 101,207,345.09 | -582.21% | | Net Profit Attributable to Shareholders (Excluding Non-Recurring Items) (RMB) | -502,892,167.22 | 76,972,115.43 | -753.34% | | Net Cash Flow from Operating Activities (RMB) | -112,590,197.68 | -57,162,333.21 | -96.97% | | Basic Earnings Per Share (RMB/share) | -0.88 | 0.18 | -588.89% | | Weighted Average Return on Net Assets | -17.78% | 3.52% | -21.30% | | **Balance Sheet Indicators** | **End of 2017** | **End of 2016** | **YoY Change** | | Total Assets (RMB) | 2,979,892,720.29 | 3,294,161,979.78 | -9.54% | | Net Assets Attributable to Shareholders (RMB) | 2,531,348,428.14 | 2,963,461,029.50 | -14.58% | Key Quarterly Financial Indicators for 2017 (Unit: RMB) | Indicator | Q1 | Q2 | Q3 | Q4 | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 190,623,167.03 | 166,805,229.86 | 181,117,714.60 | 156,411,036.81 | | Net Profit Attributable to Shareholders | 21,582,248.78 | 22,656,305.41 | 6,298,329.63 | -538,572,818.92 | - The company incurred a significant loss in the fourth quarter, primarily due to a **RMB 500 million impairment provision** for available-for-sale financial assets related to a missing persons incident[35](index=35&type=chunk)[36](index=36&type=chunk)[47](index=47&type=chunk) [Business Overview](index=9&type=section&id=%E7%AC%AC%E4%B8%89%E8%8A%82%20%E5%85%AC%E5%8F%B8%E4%B8%9A%E5%8A%A1%E6%A6%82%E8%A6%81) This section outlines the company's core business, significant asset changes, and key competitive advantages, focusing on its integrated circuit and information security expertise [Principal Business](index=9&type=section&id=%E4%B8%80%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E4%BB%8E%E4%BA%8B%E7%9A%84%E4%B8%BB%E8%A6%81%E4%B8%9A%E5%8A%A1) During the reporting period, the company focused on integrated circuits and information security, with core technologies in security, SoC, and wireless RF, providing comprehensive solutions from chips to services - The company's core business is integrated circuit design, focusing on information security and providing security chips and related solutions[34](index=34&type=chunk) [Significant Changes in Major Assets](index=9&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%BB%E8%A6%81%E8%B5%84%E4%BA%A7%E9%87%8D%E5%A4%A7%E5%8F%98%E5%8C%96%E6%83%85%E5%86%B5) Major asset changes during the period include a substantial decrease in available-for-sale financial assets due to a RMB 500 million impairment, increased construction in progress for the headquarters building, and significant growth in notes receivable and other receivables Explanation of Major Asset Changes | Major Asset | Explanation of Significant Change | | :--- | :--- | | Available-for-Sale Financial Assets | Period-end balance of **RMB 44.90 million**, a decrease of **RMB 480.40 million** from the beginning of the period, primarily due to a **RMB 500 million impairment provision** for Guotai Qixing Fund | | Construction in Progress | Increased by **RMB 130.72 million** from the beginning of the period, mainly due to increased settlement payments for the Nationz Technology Building project | | Notes Receivable | Increased by **RMB 72.49 million** from the beginning of the period, mainly due to increased goods payments settled by notes | | Other Receivables | Increased by **RMB 179.06 million** from the beginning of the period, mainly due to increased payments for supply chain management services and business cooperation earnest money | - Due to the disappearance of personnel related to Guotai Qixing Fund, the company made a **full impairment provision of RMB 500 million** for available-for-sale financial assets and a bad debt provision for **RMB 500 million** in other receivables from its subsidiary, Nationz Investment[35](index=35&type=chunk)[36](index=36&type=chunk) [Core Competencies](index=10&type=section&id=%E4%B8%89%E3%80%81%E6%A0%B8%E5%BF%83%E7%AB%9E%E4%BA%89%E5%8A%9B%E5%88%86%E6%9E%90) The company's core competencies stem from continuous R&D investment, an improved external standard environment, and significant intellectual property achievements, particularly in secure, low-power, and wireless connectivity technologies - The company continuously focuses on R&D in security, low-power, and wireless connectivity technologies, independently developing new-generation trusted computing chips and low-power Bluetooth MCU chips[41](index=41&type=chunk) - The company's self-developed RCC Restricted Communication Technology officially became a national standard on December 1, 2017, providing a positive external environment for business development[41](index=41&type=chunk) - The company has achieved significant intellectual property results, with its "Method and System for Near-Field Communication" patent in the RCC technology domain winning the 19th China Patent Gold Award; as of the end of 2017, the company had cumulatively applied for **1,325 domestic and international patents** and obtained **613 authorizations**[42](index=42&type=chunk)[43](index=43&type=chunk) [Management Discussion and Analysis](index=12&type=section&id=%E7%AC%AC%E5%9B%9B%E8%8A%82%20%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) This section discusses the company's operational performance, financial position, investment activities, and future outlook, highlighting the impact of significant asset impairment on profitability [Overview of Operations](index=12&type=section&id=%E4%B8%80%E3%80%81%E6%A6%82%E8%BF%B0) In 2017, operating revenue remained stable at RMB 695 million, but a RMB 500 million asset impairment due to a fund partner's disappearance led to a net loss of RMB 488 million, while the company expanded into new energy and compound semiconductor sectors - At the end of November 2017, the company encountered a missing persons incident involving an industrial fund partner, leading to a **RMB 500 million impairment provision**, which was the core reason for the significant annual loss[47](index=47&type=chunk) - Sales volume and revenue for the traditional core business of USBKEY security master control chips both decreased year-over-year due to market competition and diversified payment methods[47](index=47&type=chunk) - The company expanded into the new energy sector by acquiring a **70% equity stake** in Shenzhen Sino Industrial Development Co., Ltd. through a cash acquisition, and also explored new growth areas by jointly investing in a compound semiconductor industrial park project with partners[55](index=55&type=chunk)[56](index=56&type=chunk) [Analysis of Principal Business](index=16&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) In 2017, principal business revenue was RMB 695 million, a slight decrease of 1.58%, with security chip products remaining the core revenue source at 71.18% despite a slight decline, while trade (system integration) business grew significantly Operating Revenue Composition (Unit: RMB) | By Product | 2017 Amount | Share of Revenue | 2016 Amount | Share of Revenue | | :--- | :--- | :--- | :--- | :--- | | Security Chip Products | 494,670,279.46 | 71.18% | 505,855,764.74 | 71.64% | | Trade (System Integration) | 178,777,334.67 | 25.72% | 130,475,465.28 | 18.48% | | Technical Services | 6,718,955.62 | 0.97% | 19,372,082.65 | 2.74% | Gross Margin of Major Products | By Product | Operating Revenue (RMB) | Operating Cost (RMB) | Gross Margin | YoY Change in Gross Margin | | :--- | :--- | :--- | :--- | :--- | | Security Chip Products | 494,670,279.46 | 315,108,524.70 | 36.30% | -1.89% | | Trade (System Integration) | 178,777,334.67 | 162,728,504.46 | 8.98% | 3.38% | R&D Investment | Indicator | 2017 | 2016 | 2015 | | :--- | :--- | :--- | :--- | | R&D Investment Amount (RMB) | 137,469,143.60 | 121,160,681.84 | 135,570,620.02 | | R&D Investment as % of Operating Revenue | 19.78% | 17.16% | 24.18% | Key Cash Flow Statement Items (Unit: RMB) | Item | 2017 | 2016 | YoY Change | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -112,590,197.68 | -57,162,333.21 | -96.97% | | Net Cash Flow from Investing Activities | 169,827,613.36 | -170,659,610.64 | 199.51% | | Net Cash Flow from Financing Activities | -45,762,315.96 | -30,954,044.83 | -47.84% | | Net Increase in Cash and Cash Equivalents | 10,361,666.03 | -257,423,343.31 | 104.03% | [Assets and Liabilities](index=23&type=section&id=%E5%9B%9B%E3%80%81%E8%B5%84%E4%BA%A7%E5%8F%8A%E8%B4%9F%E5%80%BA%E7%8A%B6%E5%86%B5) As of year-end 2017, total assets decreased by 9.54% to RMB 2.98 billion, with available-for-sale financial assets significantly reduced by a RMB 500 million impairment, while construction in progress, notes receivable, and other receivables increased Significant Changes in Asset Composition | Asset Item | 2017 Year-End Amount (RMB) | Share of Total Assets | 2016 Year-End Amount (RMB) | Share of Total Assets | Change in Share | | :--- | :--- | :--- | :--- | :--- | :--- | | Available-for-Sale Financial Assets | 44,902,600.00 | 1.51% | 525,300,000.00 | 15.95% | -14.44% | | Construction in Progress | 247,051,696.60 | 8.29% | 116,332,928.83 | 3.53% | 4.76% | | Notes Receivable | 169,252,400.88 | 5.68% | 96,764,075.76 | 2.94% | 2.74% | | Other Receivables | 192,728,173.44 | 6.47% | 13,663,680.30 | 0.41% | 6.06% | - The company had **RMB 190 million** in receivables from supply chain trade with OptimumNano and **RMB 115 million** in other receivables from supply chain management services with Fuyuan Electromechanical, for which the company has taken full preservation measures[88](index=88&type=chunk)[89](index=89&type=chunk) [Investment Analysis](index=25&type=section&id=%E4%BA%94%E3%80%81%E6%8A%95%E8%B5%84%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) During the reporting period, the company made several equity investments, including establishing new subsidiaries, with RMB 845 million in unused raised funds remaining, while some previously funded projects failed to meet expected returns due to market and technical changes - Significant equity investments during the reporting period include: contributing **RMB 13.8 million** to establish Fujian Xingmin Yifu (holding **46% equity**), and contributing **RMB 120 million** to participate in establishing Chengdu Nationz Tiancheng (holding **35% equity**)[93](index=93&type=chunk) Overall Utilization of Raised Funds (Unit: RMB 10,000) | Total Raised Funds | Used in Current Period | Cumulatively Used | Total Change in Use | Total Unused | Amount Idle for Over Two Years | | :--- | :--- | :--- | :--- | :--- | :--- | | 230,401.97 | 25,602.67 | 181,301.28 | 1,648.73 | 84,502.61 | 84,502.61 | - Some raised fund investment projects did not meet expected returns, such as the mobile payment project being impacted by emerging payment technologies and market promotion difficulties; the secure storage project shifted to mobile payment integration due to market changes but also faced obstacles[106](index=106&type=chunk) [Future Development Outlook and Risks](index=32&type=section&id=%E4%B9%9D%E3%80%81%E5%85%AC%E5%8F%B8%E6%9C%AA%E6%9D%A5%E5%8F%91%E5%B1%95%E7%9A%84%E5%B1%95%E6%9C%9B) The company plans to deepen its integrated circuit and information security expertise while expanding into IoT, AI, and new energy industrial electronics, but faces risks from maturing traditional markets, uncertain R&D returns, increased accounts receivable, and inventory obsolescence - Future Development Strategy: - **Security Chips and Smart Cards**: Continuously optimize cost-performance, maintain a leading position, and expand into financial terminals, social security cards, health cards, and other industry applications - **IoT and Wireless Connectivity**: Launch ultra-low-power, high-security products meeting IoT demands, promoting trusted computing and wireless communication solutions in industrial control and other fields - **New Sector Layout**: Focus on AI terminals, new energy industrial electronics, smart manufacturing, and other areas, entering new markets through independent R&D or collaborative development[121](index=121&type=chunk)[122](index=122&type=chunk)[123](index=123&type=chunk)[125](index=125&type=chunk) - Key Risks Faced by the Company: - **Strategic Opportunity Risk**: The traditional security chip market is maturing; failure to achieve rapid, high-quality development may lead to missing opportunities in the "informatization + internetization" trend - **R&D Return Risk**: The integrated circuit industry has long R&D cycles, and market acceptance is influenced by standards and macroeconomic factors, potentially leading to high R&D investments not yielding expected returns - **Accounts Receivable Risk**: Credit sales strategies adopted due to market competition have increased accounts receivable balances, raising the risk of bad debts - **Inventory Loss Risk**: Long chip stocking cycles and rapid product iteration may lead to losses from unsalable or accumulated inventory[126](index=126&type=chunk)[127](index=127&type=chunk)[128](index=128&type=chunk)[129](index=129&type=chunk) [Significant Matters](index=36&type=section&id=%E7%AC%AC%E4%BA%94%E8%8A%82%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) This section details important corporate events, including profit distribution, major litigation, equity incentive plan implementation, and other significant disclosures such as regulatory investigations and major acquisitions [Profit Distribution and Dividends](index=36&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E6%99%AE%E9%80%9A%E8%82%A1%E5%88%A9%E6%B6%A6%E5%88%86%E9%85%8D%E5%8F%8A%E8%B5%84%E6%9C%AC%E5%85%AC%E7%A7%AF%E9%87%91%E8%BD%AC%E5%A2%9E%E8%82%A1%E6%9C%AC%E6%83%85%E5%86%B5) Due to a net loss in 2017, the board proposed no profit distribution, cash dividends, bonus shares, or capital reserve conversions for the year, aligning with the company's articles of association, contrasting with cash dividends in the prior two years - The 2017 profit distribution proposal adopted a "three noes" policy: no cash dividends, no bonus shares, and no capital reserve conversions to share capital[137](index=137&type=chunk)[141](index=141&type=chunk) Cash Dividend Distribution for the Past Three Years (Unit: RMB) | Dividend Year | Cash Dividend Amount (Incl. Tax) | Ratio to Net Profit Attributable to Shareholders | | :--- | :--- | :--- | | 2017 | 0.00 | 0% | | 2016 | 11,272,800.00 | 11.14% | | 2015 | 28,196,000.00 | 32.78% | [Major Litigation and Arbitration](index=40&type=section&id=%E5%8D%81%E4%B8%80%E3%80%81%E9%87%8D%E5%A4%A7%E8%AF%89%E8%AE%BC%E3%80%81%E4%BB%B2%E8%A3%81%E4%BA%8B%E9%A1%B9) The company had no major litigation or arbitration during the reporting period, with a supply contract dispute arbitration with Apexone Electronics concluding, resulting in the company paying USD 400,000 and some arbitration fees - The arbitration case with Apexone Electronics has concluded, with the company paying **USD 400,000** and some fees, and the matter has been fully executed[158](index=158&type=chunk) [Implementation of Equity Incentive Plan](index=41&type=section&id=%E5%8D%81%E5%9B%9B%E3%80%81%E5%85%AC%E5%8F%B8%E8%82%A1%E6%9D%83%E6%BF%80%E5%8A%B1%E8%AE%A1%E5%88%92%E3%80%81%E5%91%98%E5%B7%A5%E6%8C%81%E8%82%A1%E8%AE%A1%E5%88%92%E6%88%96%E5%85%B6%E4%BB%96%E5%91%98%E5%B7%A5%E6%BF%80%E5%8A%B1%E6%8E%AA%E6%96%BD%E7%9A%84%E5%AE%9E%E6%96%BD%E6%83%85%E5%86%B5) During the reporting period, the company continued its 2015 restricted stock incentive plan, with the second unlocking period conditions met in April 2017, and subsequent repurchase and cancellation of restricted shares from departing incentive recipients - On April 27, 2017, the Board of Directors approved the "Proposal on the Fulfillment of Unlocking Conditions for the Second Unlocking Period of the Restricted Stock Incentive Plan"[162](index=162&type=chunk) - Due to the departure of **5 incentive recipients**, the company completed the repurchase and cancellation of **247,000 restricted shares** on July 31, 2017[192](index=192&type=chunk)[193](index=193&type=chunk) [Other Significant Matters](index=46&type=section&id=%E5%8D%81%E5%85%AB%E3%80%81%E5%85%B6%E4%BB%96%E9%87%8D%E5%A4%A7%E4%BA%8B%E9%A1%B9%E7%9A%84%E8%AF%B4%E6%98%8E) Key disclosures during the period include a CSRC investigation for alleged information disclosure violations, significant impairment provisions for other receivables and available-for-sale financial assets, and the planned cash acquisition of a 70% stake in Shenzhen Sino Industrial Development Co., Ltd - On December 15, 2017, the company was investigated by the China Securities Regulatory Commission (CSRC) for alleged violations of information disclosure regulations[183](index=183&type=chunk) - On December 21, 2017, the company announced significant bad debt provisions for other receivables from its wholly-owned subsidiary and impairment provisions for available-for-sale financial assets, involving substantial amounts[183](index=183&type=chunk) - On December 21, 2017, the company announced its intention to acquire a **70% equity stake** in Shenzhen Sino Industrial Development Co., Ltd. through a cash acquisition, marking its expansion into new sectors[183](index=183&type=chunk) [Share Changes and Shareholder Information](index=48&type=section&id=%E7%AC%AC%E5%85%AD%E8%8A%82%20%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E5%8F%8A%E8%82%A1%E4%B8%9C%E6%83%85%E5%86%B5) This section details changes in the company's share capital and provides an overview of its shareholder structure, including major shareholders and the absence of a controlling shareholder [Share Changes](index=48&type=section&id=%E4%B8%80%E3%80%81%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) During the reporting period, the company's total share capital slightly decreased from 563.64 million shares to 563.39 million shares due to the repurchase and cancellation of restricted shares from departing employees, alongside the unlocking of other restricted shares - Due to the departure of **5 equity incentive recipients**, the company repurchased and cancelled **247,000 restricted shares**, leading to a reduction in total share capital[192](index=192&type=chunk)[193](index=193&type=chunk)[194](index=194&type=chunk) - The second unlocking period of the restricted stock incentive plan unlocked **4,046,000 shares**, increasing the number of unrestricted shares[192](index=192&type=chunk) [Shareholders and Actual Controller](index=51&type=section&id=%E4%B8%89%E3%80%81%E8%82%A1%E4%B8%9C%E5%92%8C%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E6%83%85%E5%86%B5) As of the end of the reporting period, the company's equity structure is dispersed, with no controlling shareholder or actual controller, and the largest shareholder, Liu Yiqian, holds 4.38% of the shares - The company's equity is dispersed, with no controlling shareholder or actual controller[206](index=206&type=chunk)[209](index=209&type=chunk) Top Five Shareholders' Shareholding | Shareholder Name | Shareholding Ratio (%) | Shares Held at Period End (shares) | | :--- | :--- | :--- | | Liu Yiqian | 4.38 | 24,691,300 | | Sun Yingtong | 3.05 | 17,164,400 | | Luo Shen | 1.34 | 7,535,759 | | Liu Xiaoxu | 1.30 | 7,331,567 | | Yu Yunbo | 1.07 | 6,025,000 | [Preferred Shares Information](index=54&type=section&id=%E7%AC%AC%E4%B8%83%E8%8A%82%20%E4%BC%98%E5%85%88%E8%82%A1%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) This section confirms that the company had no preferred shares during the reporting period [Preferred Shares](index=54&type=section&id=%E4%BC%98%E5%85%88%E8%82%A1%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) During the reporting period, the company had no preferred shares - The company had no preferred shares during the reporting period[210](index=210&type=chunk) [Directors, Supervisors, Senior Management, and Employees](index=55&type=section&id=%E7%AC%AC%E5%85%AB%E8%8A%82%20%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E5%92%8C%E5%91%98%E5%B7%A5%E6%83%85%E5%86%B5) This section provides details on the company's board of directors, supervisors, and senior management, including their tenure, shareholdings, and compensation, as well as an overview of the employee structure [Directors, Supervisors, and Senior Management](index=55&type=section&id=%E4%B8%80%E3%80%81%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E5%92%8C%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E7%9A%84%E6%83%85%E5%86%B5) This chapter details the status, shareholdings, and changes of the company's directors, supervisors, and senior management, noting the departure of three executives and a total compensation of RMB 9.35 million for the year - During the reporting period, **3 directors, supervisors, and senior management members** left the company: Independent Director Zheng Bin (term expired), Deputy General Manager Guan Shiyuan (personal reasons), and Deputy General Manager Zhang Xiang (personal reasons)[214](index=214&type=chunk)[216](index=216&type=chunk) Shareholding of Key Senior Management (Unit: shares) | Name | Position | Shares Held at Period End | | :--- | :--- | :--- | | Luo Zhaoxue | Chairman | 4,700,000 | | Sun Yingtong | Vice Chairman, General Manager | 17,164,400 | | Yu Junjie | Director, Executive Deputy General Manager | 1,200,000 | - In 2017, the total pre-tax compensation paid to directors, supervisors, and senior management was **RMB 9.35 million**[229](index=229&type=chunk)[231](index=231&type=chunk) [Employee Information](index=61&type=section&id=%E4%BA%94%E3%80%81%E5%85%AC%E5%8F%B8%E5%91%98%E5%B7%A5%E6%83%85%E5%86%B5) As of the end of the reporting period, the company had 342 employees, with technical personnel comprising 65.20% of the workforce, reflecting its technology-driven nature, and over 82% holding bachelor's degrees or higher Employee Professional Composition | Professional Category | Number of Employees (persons) | Percentage | | :--- | :--- | :--- | | Technical Personnel | 223 | 65.20% | | Administrative Personnel | 59 | 17.25% | | Sales Personnel | 32 | 9.36% | | Management Personnel | 18 | 5.26% | | Financial Personnel | 10 | 2.92% | | **Total** | **342** | **100%** | [Corporate Governance](index=63&type=section&id=%E7%AC%AC%E4%B9%9D%E8%8A%82%20%E5%85%AC%E5%8F%B8%E6%B2%BB%E7%90%86) This section describes the company's corporate governance structure, which complies with relevant laws and regulations, emphasizing its independent operation without a controlling shareholder and its commitment to information disclosure and investor relations [Basic Corporate Governance Status](index=63&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E6%B2%BB%E7%90%86%E7%9A%84%E5%9F%BA%E6%9C%AC%E7%8A%B6%E5%86%B5) The company has established a corporate governance structure compliant with laws and regulations, comprising the General Meeting of Shareholders, Board of Directors, Supervisory Committee, and management, with no significant discrepancies from regulatory requirements - The company's corporate governance structure is sound, complying with the "Company Law" and relevant CSRC regulations, with no significant discrepancies[239](index=239&type=chunk) - The company has no controlling shareholder or actual controller, ensuring operational independence[243](index=243&type=chunk)[249](index=249&type=chunk) [Corporate Bonds Information](index=69&type=section&id=%E7%AC%AC%E5%8D%81%E8%8A%82%20%E5%85%AC%E5%8F%B8%E5%80%BA%E5%88%B8%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) This section confirms that the company had no outstanding corporate bonds publicly issued and listed on a stock exchange during the reporting period [Corporate Bonds](index=69&type=section&id=%E5%85%AC%E5%8F%B8%E5%80%BA%E5%88%B8%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) During the reporting period, the company had no corporate bonds publicly issued and listed on a stock exchange that were not yet due or fully redeemed by the report approval date - The company had no outstanding corporate bonds[265](index=265&type=chunk) [Financial Report](index=70&type=section&id=%E7%AC%AC%E5%8D%81%E4%B8%80%E8%8A%82%20%E8%B4%A2%E5%8A%A1%E6%8A%A5%E5%91%8A) This section presents the company's audited financial statements for 2017, including the audit report, balance sheet, income statement, cash flow statement, and detailed notes, highlighting key accounting policies and significant financial events [Audit Report](index=70&type=section&id=%E4%B8%80%E3%80%81%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A) Daxin Certified Public Accountants issued a standard unqualified audit opinion on the company's 2017 financial statements, highlighting available-for-sale financial asset impairment, accounts receivable impairment, and goodwill impairment as key audit matters - The audit opinion type is a standard unqualified opinion[267](index=267&type=chunk)[268](index=268&type=chunk) - Key Audit Matters (KAMs) include: - **Impairment of Available-for-Sale Financial Assets**: Due to the disappearance of personnel related to Guotai Qixing Fund, a partner of subsidiary Nationz Investment, the company made a **full impairment provision of RMB 500 million** for the investment - **Impairment of Accounts Receivable**: The significant amount of accounts receivable and their impairment provision involve significant management judgment - **Goodwill Impairment**: Impairment testing of **RMB 54.67 million** in goodwill from the 2012 acquisition of Nationz E-commerce involved significant judgment and estimation of future cash flows[273](index=273&type=chunk)[275](index=275&type=chunk)[278](index=278&type=chunk)[283](index=283&type=chunk) [Financial Statements](index=75&type=section&id=%E4%BA%8C%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section includes the company's 2017 consolidated and parent company financial statements, showing a decrease in total assets, a shift from profit to loss, negative operating cash flow, and a significant reduction in owners' equity - The consolidated balance sheet shows total assets decreased from **RMB 3.294 billion** to **RMB 2.980 billion**, and net assets attributable to shareholders decreased from **RMB 2.963 billion** to **RMB 2.531 billion**[298](index=298&type=chunk)[303](index=303&type=chunk) - The consolidated income statement shows operating revenue of **RMB 695 million** and net profit attributable to shareholders of **-RMB 488 million**[314](index=314&type=chunk) - The consolidated cash flow statement shows net cash flow from operating activities of **-RMB 113 million**[323](index=323&type=chunk) [Notes to Financial Statements](index=100&type=section&id=%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E9%99%84%E6%B3%A8) The notes provide detailed explanations of the company's financial statements, including accounting policies, significant estimates, and specific disclosures on the RMB 500 million impairment of available-for-sale financial assets, accounts receivable provisions, goodwill impairment, share-based payments, related party transactions, and significant commitments and contingencies - The notes provide a detailed explanation of the accounting treatment and reasons for the **full impairment provision of RMB 500 million** for available-for-sale financial assets due to the Guotai Qixing Fund missing persons incident[506](index=506&type=chunk)[507](index=507&type=chunk) - The notes disclose the contingent liability that the company is under investigation by the CSRC for alleged violations of information disclosure regulations[646](index=646&type=chunk) - The notes disclose subsequent events after the balance sheet date, specifically the progress of the company's cash acquisition of a **70% equity stake** in Shenzhen Sino Industrial Development Co., Ltd., which will lead to significant changes in the company's asset and liability structure[653](index=653&type=chunk) [Documents Available for Inspection](index=171&type=section&id=%E7%AC%AC%E5%8D%81%E4%BA%8C%E8%8A%82%20%E5%A4%87%E6%9F%A5%E6%96%87%E4%BB%B6%E7%9B%AE%E5%BD%95) This section lists the documents available for public inspection, ensuring transparency and compliance with regulatory requirements

证券代码：300077 证券简称：国民技术 公告编号：2019-27 国民技术股份有限公司 2019 年第一季度报告 国民技术股份有限公司 2019 年第一季度报告 二〇一九年四月 国民技术股份有限公司 2019 年第一季度报告 1 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司 2019 年第一季度财务报告未经会计师事务所审计。 公司负责人孙迎彤先生、主管会计工作负责人徐辉先生以及会计机构负责 人余永德先生声明：保证季度报告中财务报表的真实、准确、完整。 国民技术股份有限公司 2019 年第一季度报告 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | --- | --- | --- | --- | |-----------------------------------------------------|------------------|- ...