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 | --- | --- | --- | --- | |-----------------------------------------------------|------------------|- ...

1 国民技术股份有限公司 2018 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：2018-068 国民技术股份有限公司 Nation ﴿ 2018 年第三季度报告 2018 年 10 月 国民技术股份有限公司 2018 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 2018 年第三季度报告全文 会计政策变更的原因及会计差错更正的情况 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 追溯调整或重述原因 会计政策变更 | --- | --- | --- | --- | --- | |--------------------------------- ...

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 NationzTechnologiesInc. 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 | --- | -- ...

Financial Performance - Total operating revenue for the first half of 2018 was ¥411,884,426.27, representing a 15.24% increase compared to ¥357,428,396.89 in the same period last year[19]. - Net profit attributable to shareholders of the listed company decreased by 72.43% to ¥12,398,523.66 from ¥44,238,554.19 in the previous year[19]. - Net profit after deducting non-recurring gains and losses fell by 87.40% to ¥4,973,095.98 from ¥39,367,320.70 in the same period last year[19]. - Basic earnings per share decreased by 75.00% to ¥0.02 from ¥0.08 in the same period last year[19]. - The company achieved operating revenue of 41,188.44 million yuan, an increase of 15.24% year-on-year, but net profit attributable to shareholders decreased by 72.43% to 1,239.85 million yuan[41]. - The company reported a net profit loss due to overdue debts from major client Watma, leading to potential bad debt risks[101]. - The company reported a net loss of CNY 121,039,198.82, compared to a loss of CNY 133,437,722.48 in the previous period, indicating a slight improvement[162]. - The total profit for the current period was ¥27,403,234.93, down 40.0% from ¥45,693,597.09 in the previous period[170]. Cash Flow and Investments - Net cash flow from operating activities was negative at -¥186,114,294.69, a decline of 178.25% compared to -¥66,888,068.50 in the previous year[19]. - Cash inflows from operating activities totaled ¥312,913,496.91, a decrease of 26.4% compared to ¥425,807,213.53 in the previous period[175]. - The company recorded a net cash outflow from operating activities, with cash payments for goods and services amounting to ¥324,950,246.95, slightly down from ¥328,232,093.95[175]. - Cash inflow from investment activities totaled 640,001,071.69 yuan, down from 1,758,685,616.28 yuan in the previous period, reflecting a decrease of approximately 63.7%[181]. - The net cash flow from investment activities improved to 111,169,980.62 yuan, compared to -190,572,239.46 yuan in the previous period, showing a positive turnaround[181]. - The company incurred cash payments for investments totaling 433,911,920.00 yuan, down from 1,877,750,000.00 yuan in the previous period, indicating a reduction in investment spending[181]. Assets and Liabilities - Total assets increased by 52.26% to ¥4,564,096,783.22 from ¥2,960,472,490.26 at the end of the previous year[19]. - Current liabilities rose significantly to CNY 1,801,476,854.35 from CNY 399,420,593.84, an increase of about 351.5%[161]. - The total liabilities increased to CNY 1,831,125,893.27 from CNY 419,350,304.64, an increase of about 336.5%[161]. - The company's cash and cash equivalents decreased to CNY 147,260,428.08 from CNY 319,695,485.98, a decline of about 54.9%[164]. - The total current assets decreased to CNY 1,243,989,306.85 from CNY 1,723,060,563.86, a decline of about 28.0%[165]. Strategic Developments - The company plans not to distribute cash dividends or issue bonus shares[6]. - Future plans and strategic developments are subject to market conditions and investor awareness of risks[5]. - The company is actively developing lithium-ion battery anode materials, indicating a strategic move into the renewable energy sector[30]. - The company expanded its market presence by acquiring a 21.37% stake in Huaxia Chip through its wholly-owned subsidiary, aiming to enhance AI SoC chip technology applications[30]. - The company is focusing on product technology upgrades and supply chain management to reduce costs and enhance market competitiveness[42]. Acquisitions and Investments - The company reported a significant increase in goodwill by 1,879.58% due to the acquisition of 70% equity in Snow Industry[32]. - The company completed the acquisition of 70% equity in Snow Industry, with a remaining payment of ¥199,750,000 yet to be made[49]. - The net profit contribution from Snow Industry was ¥27,968,926.01 after it was included in the consolidated financial statements, marking a significant addition to the company's profit sources[57]. - The company made a major equity investment of CNY 1,336,153,846 in Shenzhen Sinuo Industrial Development Co., Ltd., acquiring a 70% stake[68]. Legal and Regulatory Matters - The company is involved in multiple lawsuits related to securities false statements, with a total amount of 3,312.18 million yuan claimed by investors[111][112][113]. - The company has received a warning and a fine of 300,000 yuan from the China Securities Regulatory Commission for failing to disclose a supplementary agreement in a timely manner[115]. - The company and its executives, including Luo Zhaoxue and Yu Junjie, have been penalized with fines totaling 50,000 yuan for regulatory violations[115]. - The company is currently awaiting court decisions on several ongoing lawsuits, which may impact its financial position[111][112][113]. Research and Development - Research and development expenses increased by 21.32% to ¥72,338,017.68, reflecting the company's commitment to innovation and product development[56]. - The company is focusing on the research, production, and sales of lithium-ion battery anode materials, which is a new business segment added during the reporting period[98]. - The company is actively developing new generation USBKey security control chips to maintain its leading position in the industry[42]. Shareholder Information - The total number of shares increased from 563,393,000 to 563,393,000, with no new shares issued[134]. - The company’s major shareholders include Sun Yingtong with 17,164,400 shares (3.05%) and Liu Yiqian with 8,992,800 shares (1.60%) as of June 30, 2018[142]. - The company’s board of directors saw changes with the resignation of former chairman Luo Zhaoxue, who held 1,175,000 unrestricted shares now locked for six months[137]. - The total number of shareholders as of June 30, 2018, was 102,341[141]. Miscellaneous - The company has not reported any significant non-equity investments during the reporting period[69]. - The company has not faced any major litigation or arbitration matters during the reporting period[109]. - The half-year financial report has not been audited[106].

Financial Performance - Total revenue for Q1 2018 was CNY 195,544,912.72, an increase of 2.58% compared to CNY 190,623,167.03 in the same period last year[9]. - Net profit attributable to shareholders decreased by 31.86% to CNY 14,707,021.61 from CNY 21,582,248.78 year-on-year[9]. - Net profit after deducting non-recurring gains and losses fell by 50.85% to CNY 10,473,656.54 compared to CNY 21,308,178.90 in the previous year[9]. - The company reported a net loss of CNY 147,248,600.41 for the period, compared to a loss of CNY 161,955,622.02 in the previous period, showing an improvement of approximately 9.1%[56]. - The total profit for Q1 2018 was CNY 25,224,167.88, an increase of 29.2% from CNY 19,476,576.33 in the previous year[61]. - The company reported a basic earnings per share of CNY 0.03 for Q1 2018, down from CNY 0.04 in the previous year[61]. - The total comprehensive income for Q1 2018 was CNY 20,731,806.59, a decrease from CNY 21,470,503.25 in the previous year[61]. Cash Flow - The net cash flow from operating activities was negative at CNY -46,057,957.84, a decline of 258.02% from CNY -12,864,711.58 in the same period last year[9]. - The company's operating cash flow for Q1 2018 was negative CNY 46,057,957.84, worsening from negative CNY 12,864,711.58 in the same period last year[64]. - The cash flow from operating activities included 140,035,998.23 CNY from sales of goods and services, down from 192,038,980.49 CNY[66]. - The company reported a total cash outflow from operating activities of 412,618,170.03 CNY, compared to 204,509,892.18 CNY in the previous period[66]. - The total cash inflow from investment activities was 315,182,832.38 CNY, down from 660,585,207.12 CNY in the previous period[66]. - The net cash flow from investment activities improved to 81,938,972.17 CNY, compared to -73,590,403.27 CNY in the previous period[66]. - The company received 102,380,658.75 CNY from borrowings during the financing activities[67]. - The total cash inflow from financing activities was 157,380,658.75 CNY, with a net cash flow of 156,612,800.58 CNY[67]. Assets and Liabilities - Total assets increased by 60.15% to CNY 4,741,342,521.61 from CNY 2,960,472,490.26 at the end of the previous year[9]. - The total liabilities amounted to CNY 2,041,071,822.81, up from CNY 413,787,110.14, reflecting a growth of about 392.5%[54]. - The total equity attributable to shareholders was CNY 2,545,912,465.31, a slight increase from CNY 2,531,348,428.14[56]. - The company's long-term investments increased to CNY 873,059,720.00 from CNY 723,059,720.00, representing a growth of approximately 20.8%[57]. - The remaining balance of the raised funds as of March 31, 2018, was CNY 538.50 million, with CNY 44.50 million in cash management accounts[45]. Investments and Acquisitions - The company acquired 70% of Snow Industry, which added "lithium-ion battery anode materials" to its product categories[36]. - The company is in the process of cash acquisition of 70% equity in Shenzhen Sinuo Industrial Development Co., Ltd.[40]. - The investment in the USB KEY security control chip project reached 103.09% of the committed investment amount of CNY 8,036.00 million[43]. - The investment in the RF technology-based secure mobile payment chip project reached 100.98% of the committed investment amount of CNY 15,346.00 million[43]. - The company plans to invest CNY 200 million in its wholly-owned subsidiary for acquiring part of the equity in Shenzhen Snow Industrial Development Co., Ltd[44]. Operational Challenges and Risks - The company faces risks related to rapid market changes and the need for high-quality development in the integrated circuit design industry[11]. - There is a risk of R&D investments not yielding expected returns due to long market entry cycles and external factors affecting technology acceptance[12]. - The company is facing challenges in the mainstream market for its RCC mobile payment technology due to competition from emerging payment technologies[44]. Management and Expenses - Management expenses rose by 46.03% to CNY 49.02 million from CNY 33.57 million, mainly due to increases in research and development expenses and employee compensation[26]. - The company reported a financial expense of CNY 300,133.25 in Q1 2018, compared to a financial income of CNY 1,883,909.30 in the same period last year[61]. - The investment income decreased by 32.48% to CNY 6.83 million from CNY 10.11 million, attributed to reduced returns from financial products[28]. Shareholder Information - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period[17]. - The total number of restricted shares remained at 20,976,300, with no shares released during the reporting period[19]. - The company has not reported any overdue commitments from actual controllers, shareholders, or related parties during the reporting period[41]. - The company has no violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[48].

Financial Performance - Operating revenue for the reporting period was ¥181,117,714.60, representing a growth of 49.41% year-on-year[8]. - Net profit attributable to shareholders was ¥6,298,329.63, a significant increase of 306.15% compared to the same period last year[8]. - The net profit after deducting non-recurring gains and losses was ¥290,608.06, up by 108.30% year-on-year[8]. - Basic earnings per share for the reporting period was ¥0.01, reflecting a growth of 257.14% compared to the same period last year[8]. - The weighted average return on equity was 0.20%, a slight increase from 0.15% in the previous year[8]. - The company reported a net cash flow from operating activities of -¥165,198,964.69, a decrease of 28.06% year-on-year[8]. - Total operating revenue for Q3 2017 was CNY 181,117,714.60, an increase of 49.4% compared to CNY 121,221,296.48 in the same period last year[44]. - The net profit for the third quarter reached CNY 5,428,808.14, compared to CNY 1,550,755.56 in the previous year, representing a significant increase[46]. - The total profit for the third quarter was CNY 6,426,885.80, a substantial increase from CNY 788,174.92 in the previous year[46]. - The company's total operating profit for the current period was ¥48,174,748.61, up from ¥33,499,456.97, reflecting a growth of 43.8%[52]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,373,947,024.09, an increase of 2.42% compared to the end of the previous year[8]. - Cash and cash equivalents at the end of the period amounted to ¥287,743,789.81, a decrease of 38.72% from the beginning of the period due to payments for construction and external investments[18]. - Inventory at the end of the period was ¥228,644,521.85, up 44.73% from the beginning, as the company increased stock to meet fourth-quarter supply demands[18]. - The total liabilities decreased to CNY 276,469,794.81 from CNY 294,497,792.28, a reduction of approximately 6.1%[43]. - The total equity attributable to shareholders increased to CNY 3,063,067,431.55 from CNY 2,960,554,428.45, representing a growth of 3.5%[43]. Cash Flow - Cash flow from operating activities showed a net outflow of ¥165,198,964.69, worsening from a net outflow of ¥129,005,226.59 in the previous period[55]. - Cash and cash equivalents at the end of the period decreased to ¥287,743,789.81 from ¥353,127,090.13, a decline of 18.5%[56]. - Investment activities resulted in a net cash outflow of ¥19,454,386.56, an improvement from a net outflow of ¥214,667,407.76 in the previous period[56]. - The company experienced a net decrease in cash and cash equivalents of CNY 157,964,986.28, compared to a decrease of CNY 385,832,341.60 in the previous year, indicating a reduction in cash outflow[58]. Shareholder Information - The total number of shareholders at the end of the reporting period was 65,889[12]. - The top shareholder, Liu Yiqian, held 4.38% of the shares, totaling 24,691,300 shares[12]. - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period[13]. Other Financial Metrics - Operating costs for the period were ¥393,424,292.74, a year-on-year increase of 43.66% due to rising revenues[23]. - The company reported a 60.92% decrease in income tax expenses to ¥1,601,920.28, primarily due to reduced deferred tax expenses[25]. - Other income for the period was ¥5,726,888.33, a 100% increase year-on-year, due to government subsidies recognized as other income[23]. - The company’s long-term equity investments reached ¥120,000,000.00, a 100% increase from zero at the beginning of the period, reflecting capital contributions to joint ventures[18]. - The company distributed a cash dividend of CNY 1,127.28 million, amounting to CNY 0.2 per share based on a total share capital of 56,364,000 shares[32]. Inventory and Receivables - Prepaid accounts increased by 539.73% to ¥88,168,660.45, primarily due to an increase in prepaid goods[18]. - Other receivables rose by 427.08% to ¥72,018,689.62, mainly due to increased business cooperation deposits[18]. - Accounts receivable increased to CNY 372,777,187.57 from CNY 427,302,888.47, indicating a decrease of about 12.7%[38]. - Inventory rose significantly to CNY 228,644,521.85 from CNY 157,981,089.57, representing an increase of approximately 44.5%[38]. Investment Activities - Cash inflow from investment activities totaled CNY 3,021,365,788.00, an increase from CNY 2,441,870,486.26 in the previous year, representing a growth of approximately 23.7%[58]. - Cash outflow for investment activities was CNY 3,047,040,975.84, up from CNY 2,483,723,418.80, indicating a rise of about 22.7%[58]. - Net cash flow from investment activities was negative CNY 25,675,187.84, an improvement from negative CNY 41,852,932.54 year-over-year[58]. Audit and Compliance - The third quarter report was not audited, which may impact the reliability of the financial data presented[59].

Financial Performance - Total operating revenue for the reporting period was ¥357,428,396.89, an increase of 21.80% compared to ¥293,465,291.06 in the same period last year[16] - Net profit attributable to shareholders of the listed company was ¥44,238,554.19, a decrease of 2.70% from ¥45,468,372.24 in the previous year[16] - Net profit attributable to shareholders after deducting non-recurring gains and losses was ¥39,367,320.70, an increase of 8.61% from ¥36,246,909.74 in the same period last year[16] - The company achieved operating revenue of 357.43 million yuan, a year-on-year increase of 21.80%[29] - Net profit attributable to ordinary shareholders was 44.24 million yuan, remaining stable compared to 45.47 million yuan in the same period last year[29] - The company reported a significant increase in system integration business revenue, growing by 132.31% year-on-year[29] - The company reported a total share count of 563,640,000 as of June 30, 2017, with 95.42% being unrestricted shares[111] - The company reported a comprehensive income total of 43,997,364.75 RMB for the period, indicating a positive performance despite challenges[163] Cash Flow and Assets - The net cash flow from operating activities was -¥66,888,068.50, improving by 27.17% compared to -¥91,837,067.89 in the previous year[16] - The company’s cash and cash equivalents decreased by 33.24% to 469.54 million yuan due to increased cash payments for construction and financial products[24] - The company’s cash flow from operating activities showed a net outflow, but the reduction in losses indicates potential operational improvements moving forward[158] - The cash flow from financing activities resulted in a net inflow of ¥4,143,304.29, contrasting with a net outflow of ¥30,574,223.09 in the previous period[156] - The ending balance of cash and cash equivalents was 124,840,794.31 RMB, down from 417,700,312.58 RMB at the end of the previous period[159] - Total current assets decreased to RMB 2,266,798,749.60 from RMB 2,320,311,528.00, a decline of approximately 2.3%[139] - Total assets at the end of the reporting period were ¥3,305,953,980.86, a slight increase of 0.36% from ¥3,294,161,979.78 at the end of the previous year[16] Equity and Liabilities - Shareholders' equity attributable to shareholders of the listed company increased by 2.93% to ¥3,050,203,171.66 from ¥2,963,461,029.50 at the end of the previous year[16] - Total liabilities decreased to RMB 255,419,184.66 from RMB 330,364,010.83, a reduction of about 22.7%[141] - The total equity increased to RMB 3,054,573,703.60 from RMB 2,960,554,428.45, showing an increase of 3.2%[147] - The total equity attributable to the parent company was 3,050,534,796.20 RMB at the end of the reporting period, reflecting a decrease from the previous balance[163] Research and Development - The company applied for 43 domestic and international patents and obtained 44 patents during the reporting period, totaling 1,269 applications and 581 granted patents by the end of June 2017[25] - Development expenditures rose by 30.02% to 49.41 million yuan, reflecting increased capitalized research and development expenses[24] - The company plans to continue its investment in technology research and development, particularly in secure storage chip solutions[57] - The company has invested a total of 164.87 million in the R&D platform operation project, with an actual investment of 72.25 million, achieving 43.82% of the planned investment progress[65] Investment Activities - The company invested CNY 1,380,000 in establishing a joint venture for the operation of a multi-card integration public service platform in Fujian Province, holding a 46% stake[38] - The company plans to invest USD 3 million to acquire newly issued preferred shares of Ambiq Micro, Inc., which will represent approximately 2.31% of Ambiq's total equity post-investment[40] - The company has reallocated approximately CNY 16.49 million of remaining raised funds for the operation of its R&D platform, optimizing the use of these funds[37] Operational Challenges and Strategies - The company has faced delays in the development of the USB KEY project due to the advanced process development at the wafer foundry, impacting the project timeline[61] - The company plans to enhance customer management and strengthen accounts receivable dynamic management to prevent bad debts[78] - The company aims to optimize inventory management to mitigate risks associated with unsold or excess inventory[79] Corporate Governance and Compliance - The half-year financial report has not been audited[86] - There are no significant litigation or arbitration matters during the reporting period[89] - The company has not engaged in any major related party transactions during the reporting period[94] - The company has not conducted any poverty alleviation initiatives or plans for the reporting period[104] Shareholder Information - The total number of shareholders at the end of the reporting period was 56,415[118] - Liu Yiqian held 24,691,300 shares, representing 4.38% of the total shares, with 24,680,000 shares pledged[118] - The company had no changes in its controlling shareholder during the reporting period[120] - The total number of shares held by the top ten shareholders was 73,000,000 shares, accounting for a significant portion of the total shares[119]

Financial Performance - Total operating revenue for Q1 2017 was ¥190,623,167.03, an increase of 21.59% compared to ¥156,778,641.98 in the same period last year[9] - Net profit attributable to shareholders was ¥21,582,248.78, a decrease of 17.39% from ¥26,126,662.34 year-on-year[9] - Basic earnings per share decreased by 20.00% to ¥0.04 from ¥0.05 in the same period last year[9] - Total operating costs for Q1 2017 were CNY 183,920,481.97, up 25.4% from CNY 146,727,712.44 in the same period last year[55] - Net profit for Q1 2017 was CNY 21,582,248.78, a decrease of 17.5% from CNY 26,126,662.34 in Q1 2016[56] - The total profit before tax was 23,567,298.22 CNY, down from 30,303,440.39 CNY, reflecting a decrease of approximately 22.36%[59] Cash Flow - Net cash flow from operating activities improved to -¥12,864,711.58, a significant increase of 85.43% compared to -¥88,303,215.38 in the previous year[9] - Cash received from sales increased to ¥198,202,900.23, up 87.14% from ¥105,908,751.28 in the same period last year, primarily due to increased sales collections[27] - Total cash inflow from operating activities reached ¥212,672,213.55, up 87.00% from ¥113,731,225.97 in the previous year, mainly due to increased sales collections[27] - Cash flow from operating activities showed a net outflow of -12,864,711.58 CNY, an improvement compared to -88,303,215.38 CNY in the same period last year[60] - The net cash flow from financing activities was 0.00 CNY, compared to a net inflow of 17,429,794.17 CNY in the previous year[63] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,293,219,023.41, a slight decrease of 0.03% from ¥3,294,161,979.78 at the end of the previous year[9] - Total liabilities decreased from RMB 330,364,010.83 to RMB 307,950,551.21, a decline of approximately 6.7%[51] - The company's total assets slightly decreased from RMB 3,294,161,979.78 to RMB 3,293,219,023.41[52] - The total equity as of Q1 2017 was CNY 2,986,227,399.12, an increase from CNY 2,960,554,428.45 in the previous period[54] Investments - The total amount of raised funds is 230,401.97 million, with 2,166.42 million invested in the current quarter[40] - The USB KEY security chip project has achieved an investment progress of 103.09%, with a total investment of 8,284.34 million[40] - The secure storage chip project has an investment progress of 89.13%, with a total investment of 9,064.60 million[40] - The mobile payment chip project has achieved an investment progress of 100.98%, with a total investment of 15,496.77 million[40] - The company has allocated 16,500 million for acquisition expenses, achieving 100% of the planned investment[41] Operational Highlights - The company plans to enhance its market-oriented approach and customer-centric philosophy to optimize its R&D model and supply chain management[12] - The company continues to strengthen its R&D efforts in financial IC card chips, responding to market opportunities and enhancing competitiveness[31] - Sales revenue from financial terminal security chips and modules grew year-on-year, as the company actively expanded its market presence and optimized product performance[31] - RCC product sales revenue increased year-on-year, with the company focusing on continuous product optimization and exploring innovative business models[32] Other Financial Metrics - Financial expenses decreased by 30.19% to CNY -1,883,909.30 from CNY -2,698,523.66, mainly due to reduced interest income[24] - Non-operating income decreased by 54.78% to CNY 3,889,040.91 from CNY 8,600,168.17, primarily due to reduced government subsidy income[24] - Income tax expenses decreased by 153.40% to CNY -2,105,672.45 from CNY 3,943,256.74, reflecting a decline in total profit[26] - The company reported a financial expense of CNY -1,883,909.30, an improvement compared to CNY -2,698,523.66 in Q1 2016[56] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 50,957[15] - The company approved a cash dividend of RMB 0.2 per 10 shares based on a total share capital of 56,364,000 shares as of December 31, 2016[43]