Financial Performance - The company's profit decreased by 73.54% year-on-year due to rising costs of raw materials and tightened credit policies from real estate developers[5]. - The company's operating revenue for 2021 was ¥759.40 million, a decrease of 18.98% compared to ¥937.31 million in 2020[26]. - The net profit attributable to shareholders for 2021 was ¥27.66 million, down 73.54% from ¥104.55 million in 2020[26]. - The net cash flow from operating activities improved significantly to ¥33.14 million, a 477.25% increase from -¥8.78 million in 2020[26]. - The basic earnings per share for 2021 was ¥0.050, a decline of 73.68% from ¥0.19 in 2020[26]. - The total assets at the end of 2021 were ¥1,748.16 million, reflecting a 1.61% increase from ¥1,720.47 million at the end of 2020[26]. - The net profit after deducting non-recurring gains and losses for 2021 was ¥22.18 million, down 77.89% from ¥100.33 million in 2020[26]. - The company's market share in the intercom and smart home segment was approximately 22.34%, a decrease of 7.26% year-on-year[37]. - The company achieved total sales revenue of 759 million yuan, a year-on-year decrease of 18.98%[50]. - The company recorded credit impairment losses and asset impairment provisions totaling 32.82 million yuan during the reporting period[51]. Business Operations - The company's main business is closely tied to the real estate industry, making it vulnerable to policy changes affecting the sector[6]. - The company plans to expand its business in the parking ecosystem to mitigate risks associated with the real estate sector[36]. - The company has implemented credit risk assessments for new customers to mitigate the risk of bad debts from accounts receivable[9]. - The company emphasizes the importance of effective cash collection strategies to control accounts receivable risks[9]. - The company reported a significant seasonal characteristic in its business, with major sales concentrated in the third and fourth quarters due to the real estate development cycle[36]. - The company is focusing on integrating technology in smart community sectors, including intercom systems and smart home solutions[107]. Costs and Expenses - The company reported that direct materials account for approximately 90% of its operating costs, with significant reliance on IC chips and LCD screens[12]. - The company faced increased product costs due to rising prices of raw materials such as LCD screens and IC chips[50]. - The company achieved a 10.53% year-on-year reduction in total sales, management, research and development, and financial expenses[55]. - Sales revenue from building intercom and smart home systems was 464 million yuan, down 5.37% year-on-year[50]. - Research and development expenses decreased by 10.16% to 77,730,122.30 CNY, due to a streamlined R&D personnel structure and reduced direct project expenditures[74]. Investments and Financing - The company raised approximately 100 million yuan through a private placement in 2020, aimed at developing smart home systems and supplementing working capital[13]. - The company completed a non-public offering of shares totaling ¥100 million during the reporting period[55]. - The company has utilized ¥980.01 million of the raised funds, leaving ¥8,366.71 million still available for use[92]. - The company reported an investment amount of ¥24,360,942.50 for the reporting period, representing a significant increase of 646.01% compared to ¥3,265,510.00 in the same period last year[88]. - The company has suspended supply to a major supplier due to overdue payments, indicating a potential risk in contract fulfillment[66]. Governance and Compliance - The company strictly adheres to the requirements of the Company Law and relevant regulations, ensuring compliance in corporate governance practices[112]. - The board of directors consists of 5 members, including 2 independent directors, complying with legal and regulatory requirements[113]. - The company has established a comprehensive performance evaluation and incentive mechanism for senior management, promoting the achievement of both short-term and long-term goals[114]. - The company maintains independence from its controlling shareholder in terms of assets, personnel, finance, and operations, ensuring autonomous business capabilities[116]. - The company has not experienced any violations of shareholder meeting rules or requests for temporary meetings from major shareholders[113]. Shareholder Information - The company plans to distribute a cash dividend of 0.36 yuan per 10 shares to all shareholders, based on a total of 561,227,744 shares[13]. - The total cash dividend distributed to shareholders amounted to RMB 20,204,198.78, representing 100% of the profit distribution total[148]. - The company reported a distributable profit of RMB 341,494,902.67 for the period[148]. - The company has not issued any new shares or stock bonuses during the reporting period, maintaining a stable capital structure[146]. - The company reported a total shareholding of 342,886,514 shares at the beginning of the period, with a net decrease of 30,000,000 shares, resulting in an ending total of 307,963,871 shares[120]. Research and Development - The company has made significant progress in developing new products, including an Android and Linux smart gateway and a dual-eye live face recognition device, which are expected to enhance product competitiveness[75]. - The company has completed the upgrade of its smart home product line to the Zigbee3.0 standard, improving functionality and competitiveness[75]. - The company has a strategic plan to enhance its research and development capabilities in embedded development technology and audio-video digital processing technology[129]. - The number of R&D personnel decreased by 24.09% from 552 in 2020 to 419 in 2021, with the proportion of R&D personnel dropping from 42.04% to 40.30%[76]. - R&D investment amounted to ¥77,730,122.30 in 2021, representing 10.24% of operating revenue, an increase from 9.23% in 2020[76]. Environmental and Social Responsibility - The company does not belong to the category of key pollutant discharge units and has not faced any administrative penalties for environmental issues during the reporting period[156]. - The company actively manages noise, wastewater, waste gas, and hazardous waste in compliance with regulations[156]. - The company has committed to legal compliance and actively supports local economic development through tax contributions[158]. - The company emphasizes integrity in safeguarding the rights of suppliers and creditors, adhering strictly to signed contracts and promoting business ethics[158]. Risk Management - The company faces risks related to goodwill impairment from its acquisition of parking lot advertising resources, which could negatively impact its financial results[8]. - The company is exposed to risks from rising raw material prices, particularly if suppliers increase prices due to capacity constraints[11]. - The tightening of credit policies based on the financial status of real estate developers impacted revenue and profit[50]. - The company has taken measures to manage risks associated with employee benefits and property leasing to avoid penalties[163].

Financial Performance - The company's revenue for Q1 2022 was ¥91,887,802.78, a decrease of 28.73% compared to ¥128,928,334.66 in the same period last year[3] - Net profit attributable to shareholders was ¥2,132,222.88, down 22.66% from ¥2,757,111.77 year-on-year[3] - The net profit after deducting non-recurring gains and losses increased by 243.81% to ¥1,820,944.92 from ¥529,631.89 in the previous year[3] - Total operating revenue for Q1 2022 was CNY 91,887,802.78, a decrease of 28.7% compared to CNY 128,928,334.66 in the same period last year[20] - Net profit for Q1 2022 was CNY 1,443,274.73, an increase of 35.6% compared to CNY 1,064,073.23 in Q1 2021[21] - The company reported a total comprehensive income of CNY 1,399,781.13 for Q1 2022, compared to CNY 995,168.39 in Q1 2021[22] Cash Flow and Liquidity - The net cash flow from operating activities improved by 70.99%, reaching -¥22,672,115.56 compared to -¥78,163,326.02 in the same period last year[3] - The net cash flow from operating activities for Q1 2022 was -CNY 22,672,115.56, an improvement from -CNY 78,163,326.02 in the previous year[25] - The net cash flow from investing activities was -2,202,851.80 CNY, compared to -10,407,298.04 CNY in the previous period[26] - The net cash flow from financing activities was -11,781,201.20 CNY, a decrease from 4,773,820.56 CNY in the previous period[26] - The net increase in cash and cash equivalents was -36,708,266.65 CNY, compared to -83,857,243.55 CNY in the previous period[26] - The company's cash and cash equivalents decreased by 56.23% to -¥36,708,266.65 compared to -¥83,857,243.55 in the previous year[7] Assets and Liabilities - Total assets decreased by 4.67% to ¥1,666,596,670.84 from ¥1,748,156,236.09 at the end of the previous year[3] - Total liabilities as of Q1 2022 were CNY 220,712,296.99, a decrease from CNY 303,671,643.37 in the previous year[21] - The total current liabilities decreased to RMB 193,857,938.35 from RMB 277,220,168.49, a reduction of approximately 30.1%[17] - The company's total assets as of March 31, 2022, amounted to RMB 1,666,596,670.84, a decrease from RMB 1,748,156,236.09 at the beginning of the year, reflecting a decline of approximately 4.67%[15] Shareholder Information - The top shareholder, Zhang Bo, holds 29.89% of the shares, amounting to 167,777,419 shares[8] - The total number of restricted shares decreased from 275,360,501 to 248,830,044, with 26,530,457 shares released from restrictions during the period[12] Operational Changes - The company plans to increase procurement of liquid crystal display screens from external suppliers due to high production costs and reduced competitiveness of its subsidiary's products[14] - The company aims to grant more operational autonomy to its branches to enhance business vitality and improve overall performance[13] - The company’s subsidiary, Guangdong Anjubao Display Technology Co., Ltd., will reduce or cease production to improve overall product competitiveness[14] Cost Management - The company experienced a 37.40% decline in main business costs, which fell to ¥54,876,517.13 from ¥87,659,132.95 year-on-year[6] - Total operating costs for Q1 2022 were CNY 92,461,778.95, down 29.9% from CNY 131,811,901.02 year-over-year[20] Research and Development - Research and development expenses for Q1 2022 were CNY 15,053,970.17, a decrease of 22.2% from CNY 19,311,902.30 in Q1 2021[21] Tax and Earnings - The company recorded a tax expense of CNY 903,639.76 for Q1 2022, down from CNY 1,297,463.92 in the same period last year[21] - Earnings per share for Q1 2022 were CNY 0.0038, down from CNY 0.0051 in the same period last year[22] Audit and Reporting - The company’s first quarter report was not audited[27] - The report was published on April 26, 2022[27]

Financial Performance - The company's operating revenue for Q3 2021 was ¥218,617,162.15, representing a year-on-year increase of 0.21%[3] - The net profit attributable to shareholders for Q3 2021 was ¥25,044,186.13, a decrease of 24.83% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥24,251,653.90, down 26.16% year-on-year[3] - The net profit for the year-to-date was approximately ¥46,727,600.70, reflecting a decline of 28.95% year-on-year, influenced by rising costs of raw materials[8] - Total operating revenue for Q3 2021 was CNY 569,806,981.38, a slight increase of 0.4% compared to CNY 565,554,527.61 in Q3 2020[24] - Net profit for Q3 2021 was CNY 47,536,664.75, a decrease of 28.5% from CNY 66,457,337.90 in Q3 2020[25] Assets and Liabilities - The total assets as of September 30, 2021, were ¥1,685,040,211.48, a decrease of 2.06% from the end of the previous year[3] - The company's total assets decreased to CNY 1,685,040,211.48 from CNY 1,720,474,581.34, reflecting a decline of 2.1%[22] - Total liabilities decreased to CNY 314,615,407.96 from CNY 372,840,303.47, a reduction of 15.6%[22] - The company reported a total of 1,272,029,444.13 CNY in current assets as of September 30, 2021, compared to 1,303,218,430.40 CNY at the end of 2020[20] Cash Flow - The cash flow from operating activities for the year-to-date was -¥68,756,253.35, an increase of 18.78% compared to the previous year[3] - The company's cash flow from operating activities for the current period was CNY 639,757,065.27, compared to CNY 588,289,883.47 in the previous period[28] - Operating cash inflow for Q3 2021 was CNY 668,675,257.61, an increase from CNY 618,503,664.11 in Q3 2020, representing a growth of approximately 8.5%[29] - Net cash outflow from operating activities was CNY -68,756,253.35, an improvement compared to CNY -84,651,189.32 in the same period last year[29] - The company reported a total cash and cash equivalents net decrease of CNY -106,749,907.16 for the quarter[30] Shareholder Information - The total number of common shareholders at the end of the reporting period is 28,647[13] - The top two shareholders, Zhang Bo and Zhang Pin, hold 30.88% and 24.31% of shares respectively, totaling 251,268,938 shares[13] - The company’s major shareholders, including Zhang Bo and Zhang Pin, collectively hold 61.65% of the company's equity[13] - The total number of restricted shares at the end of the period is 257,503,359, with 2,812 shares released and 338,475 shares added during the period[16] Inventory and Receivables - Inventory increased by 32.24% to ¥281,580,593.58 as the company stocked up on raw materials and finished products[9] - Accounts receivable increased from 470,240,284.84 CNY at the end of 2020 to 369,455,516.36 CNY, indicating a decrease of about 21%[20] - Inventory rose from 212,936,191.36 CNY to 281,580,593.58 CNY, reflecting an increase of approximately 32%[20] Investments and Acquisitions - The net cash flow from investing activities was -¥18,195,873.43, a decrease of 686.70% primarily due to investments and acquisitions of minority stakes[11] - The company completed the acquisition of minority shareholder equity in a subsidiary on July 2, 2021[17] Other Financial Metrics - Research and development expenses for Q3 2021 were CNY 57,178,316.60, down 4.4% from CNY 59,827,467.89 in Q3 2020[25] - Basic and diluted earnings per share for Q3 2021 were both CNY 0.0860, a decrease from CNY 0.1210 in Q3 2020[26] - The company's total non-current assets amounted to CNY 413,010,767.35, a slight decrease from CNY 417,256,150.94[22] - The company reported a decrease in accounts payable to CNY 120,232,385.44 from CNY 156,561,865.40, a decline of 23.1%[22] Cash Management - Cash and cash equivalents decreased from 413,885,888.83 CNY at the end of 2020 to 306,506,208.23 CNY by September 30, 2021, a decline of approximately 26%[20] - The ending cash and cash equivalents balance was CNY 300,741,174.69, down from CNY 346,628,627.22 at the end of Q3 2020[30] Audit and Compliance - The Q3 2021 report was not audited, indicating that the figures may be subject to change upon audit[31] - The company did not adjust the beginning balance sheet items for the new leasing standards implemented in 2021[31]

Financial Performance - The company reported a total revenue of 5.20 billion RMB for the first half of 2021, reflecting a significant increase compared to the same period last year[11]. - The company's operating revenue for the reporting period was ¥351,189,819.23, representing a year-on-year increase of 1.09% compared to ¥347,401,575.77 in the same period last year[27]. - The net profit attributable to shareholders was ¥21,683,414.57, a decrease of 33.17% from ¥32,447,428.82 in the previous year[27]. - The net profit after deducting non-recurring gains and losses was ¥19,172,956.01, down 36.99% from ¥30,426,627.12 year-on-year[27]. - The net cash flow from operating activities was -¥65,732,938.73, a decline of 24.50% compared to -¥52,796,210.30 in the same period last year[27]. - The total comprehensive income for the first half of 2021 was CNY 21,977,690.45, a decline of 34.1% from CNY 33,380,218.67 in the first half of 2020[157]. - The total profit for the first half of 2021 was CNY 25,127,289.58, down 39.9% from CNY 41,637,475.76 in the first half of 2020[156]. - The company's gross profit margin decreased from 43.7% in 2020 to 31.8% in 2021 due to increased operating costs[159]. Investment and R&D - The company plans to invest 5.20 billion RMB in projects including smart home system R&D and service expansion, which are expected to enhance market competitiveness[11]. - Research and development expenses increased by 4.37% to ¥40,439,613.39 from ¥38,744,595.78[55]. - The research and development expenses for the first half of 2021 were CNY 40,439,613.39, compared to CNY 38,744,595.78 in the same period of 2020, marking an increase of about 4.37%[154]. - The company has developed an AI smart community system that enhances product competitiveness by integrating various smart community products[37]. Market Position and Sales - The company achieved a market share of approximately 28.47% in the intercom and smart home product segment, a decrease of 1.13% due to tightened sales policies in the real estate sector[36]. - The company reported a year-on-year increase of 3.46% in the shipment of intercom and smart home products, totaling 747,300 units[36]. - The company’s main products include intercom systems, smart home systems, and security alarm systems, which are primarily used in residential communities, closely tied to the real estate industry[6]. - The company has a strong seasonal sales pattern, with peak sales occurring in the third and fourth quarters, attributed to the timing of construction project completions[9]. - In the first half of 2021, the company signed various sales contracts amounting to 442.86 million yuan, a year-on-year decrease of 1.11%[47]. - The company achieved a sales revenue of 351 million yuan, reflecting a year-on-year increase of 1.09%[47]. Cost and Profitability Risks - The cost of raw materials, which accounts for over 90% of operating costs, poses a significant risk to the company's profitability due to potential price fluctuations[10]. - The company is adjusting product prices in response to raw material cost increases, expecting a recovery in gross profit margins in the second half of the year[47]. - The net profit attributable to shareholders was approximately 21.68 million yuan, a year-on-year decline of 33.17% due to rising costs of raw materials like LCD screens and IC chips[47]. - Operating costs rose to ¥232,506,492.59, reflecting a 10.20% increase from ¥210,977,090.62, primarily due to rising prices of LCD screens and IC chips[54]. Financial Management and Risks - The company has set a credit limit for each customer to manage accounts receivable risks, ensuring that the overall risk remains controllable[8]. - The company’s management has acknowledged the risks associated with industry policies and market uncertainties that could impact its operations[6]. - The company actively collected receivables, resulting in a decrease in accounts receivable to ¥401,061,327.67, down 3.25% from the previous year[63]. - The company has established strict management protocols for noise, wastewater, waste gas, and hazardous waste in response to government regulations[91]. Corporate Governance and Compliance - The company emphasizes strict compliance with labor laws, providing competitive salaries and benefits, including "five insurances and one fund" for employees[90]. - The company has made commitments to avoid any business activities that may compete with its operations, ensuring compliance with relevant regulations[94]. - The company has taken measures to ensure independence from its controlling shareholder, optimizing its corporate governance structure[96]. - The company has not engaged in any business that competes with its own operations, ensuring no conflicts of interest[98]. Shareholder Information - The total number of shareholders at the end of the reporting period was 29,027[131]. - Zhang Bo holds 36.40% of the shares, totaling 197,777,419 shares, with 148,333,064 shares under lock-up[131]. - Zhang Pin holds 25.26% of the shares, totaling 137,247,832 shares, with 102,935,874 shares under lock-up[131]. - The company has a total of 62.60% of shares held by the concerted action of Zhang Bo, Zhang Pin, and Li Leni[131]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,665,772,870.41, a decrease of 3.18% from ¥1,720,474,581.34 at the end of the previous year[27]. - The company's total assets as of June 30, 2021, were CNY 1,639,731,191.41, a slight decrease from CNY 1,649,937,501.30 at the end of 2020[152]. - The total liabilities as of June 30, 2021, were CNY 321,552,121.65, down from CNY 327,513,299.79 at the end of 2020, showing a reduction of about 1.47%[153]. - The company's cash and cash equivalents decreased to CNY 173,870,988.29 from CNY 227,432,363.92 at the end of 2020, a decline of approximately 23.5%[151]. Legal and Regulatory Matters - The company reported a total litigation amount of approximately 2.7071 million yuan during the reporting period, with 1.8327 million yuan already settled and 874,400 yuan still in execution[104]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[100]. - There were no violations regarding external guarantees during the reporting period[101]. - The semi-annual financial report has not been audited[102].

Financial Performance - The company reported a total revenue of 520 million yuan for 2020, reflecting a year-on-year increase of 15%[20]. - The company's operating revenue for 2020 was ¥937.31 million, an increase of 1.43% compared to ¥924.12 million in 2019[25]. - Net profit attributable to shareholders for 2020 was ¥104.55 million, representing a 45.54% increase from ¥71.84 million in 2019[25]. - The net profit after deducting non-recurring gains and losses was ¥100.33 million, up 66.54% from ¥60.24 million in 2019[25]. - The total assets at the end of 2020 reached ¥1.72 billion, a growth of 6.99% from ¥1.61 billion at the end of 2019[25]. - The company's total revenue for the industrial sector was approximately ¥924.17 million, with a year-on-year increase of 1.08%[65]. - The company achieved a sales revenue of 937 million yuan, an increase of 1.43% year-on-year, and a net profit attributable to shareholders of approximately 104 million yuan, up 45.54% year-on-year, primarily due to improved cost control and a decrease in impairment losses[48]. - Basic earnings per share for 2020 were ¥0.19, a 46.15% increase from ¥0.13 in 2019[25]. - The weighted average return on equity was 8.21%, up from 5.99% in 2019, indicating improved profitability[25]. Market and Product Insights - The company’s main products are closely tied to the real estate sector, with significant sales peaks in Q3 and Q4 due to construction schedules[10]. - The company’s market share in the building intercom and smart home sectors was approximately 29.60%, an increase of 0.73% year-on-year[35]. - The company reported a total of 195.09 million units shipped in the building intercom and smart home categories during the reporting period[35]. - The company’s revenue from the intercom system was CNY 490.53 million, accounting for 52.33% of total revenue, while revenue from smart home systems decreased by 20.33% to CNY 130.08 million[64]. - The company is actively expanding its parking lot business, integrating over 100,000 parking barrier resources to create a national advertising platform[36]. - The company is developing a blockchain-based parking application, with the first phase completed for multiple parking lots[76]. - The company has launched a face recognition access control platform, which has been fully developed and released[76]. Research and Development - The company holds a total of 207 patents, including 30 invention patents, 137 utility model patents, and 40 design patents, along with 75 software copyrights, showcasing its R&D strength[51]. - Research and development expenses for the year were CNY 86.52 million, a decrease of 5.59% year-on-year, with a total of 207 patents held, including 30 invention patents[55]. - In 2020, the company's R&D investment amounted to ¥86,517,334.16, representing 9.23% of total revenue, a decrease from 9.92% in 2019[78]. - The proportion of R&D personnel decreased to 42.04% in 2020 from 42.89% in 2019, with a total of 552 R&D staff[78]. Operational Efficiency and Risk Management - The company has implemented strict credit assessments for new clients to mitigate accounts receivable risks, maintaining a low bad debt risk[9]. - The company faces risks related to raw material price fluctuations, with direct materials accounting for over 90% of operating costs[11]. - The company emphasizes the importance of timely execution of fundraising projects to enhance market competitiveness and operational efficiency[13]. - The company aims to strengthen the management of accounts receivable and inventory to enhance operational efficiency[100]. - The company recognizes the risks associated with market fluctuations and operational challenges that may impact its ability to achieve its 2021 goals[98]. Dividend and Profit Distribution - The company’s profit distribution plan includes a cash dividend of 0.37 yuan per 10 shares, based on a total of 543,370,602 shares[13]. - The cash dividend for 2020 represents 19.23% of the net profit attributable to ordinary shareholders, which was RMB 104,546,600.01[106]. - The total distributable profit for the year was RMB 346,953,899.35, with the cash dividend accounting for 100% of the profit distribution[103]. - The company has maintained a consistent cash dividend policy over the past three years, with cash dividends of RMB 20,648,082.88 in 2019 and RMB 8,150,559.03 in 2018[106]. Corporate Governance and Compliance - The company has committed to ensuring independence in operations, finance, assets, and business, as stated in the commitment letter from the controlling shareholder Zhang Bo[110]. - All commitments made by the controlling shareholders have been strictly adhered to during the reporting period, with no violations reported[111]. - The company has maintained compliance with all commitments made during the reporting period, with no overdue commitments reported[111]. - The company has not engaged in any business that competes with its subsidiary, Audi An, and has committed to avoiding such competition in the future[112]. - The company has engaged in related party transactions amounting to 11.48 million yuan, primarily involving sales to Longhui Electronics[123][124]. Employee and Management Insights - The company had a total of 1,313 employees, with 552 in technical roles, 338 in sales, and 101 in production[177]. - The total remuneration paid to directors, supervisors, and senior management in 2020 was approximately 7.8007 million yuan[174]. - The company emphasizes employee training, with plans to enhance management and corporate culture training in 2021[180]. - The governance structure complies with relevant laws and regulations, ensuring shareholder rights are protected[183]. - The company has established a comprehensive performance evaluation and incentive mechanism for senior management, promoting the achievement of both short-term and long-term goals[185]. Future Outlook and Strategic Goals - The company aims to leverage the growing demand for smart home systems and intercom systems driven by the real estate sector's shift towards high-quality and differentiated products[94]. - The company plans to develop and expand its product lines, focusing on smart home, smart access control, and intercom systems, while actively participating in community renovation projects[96]. - The company has set its 2021 operational goals to enrich its product line and extend its industrial chain, particularly in smart home and intercom systems[97]. - The overall real estate market in China is expected to stabilize, with a focus on high-end and humanized development, providing a favorable environment for the company's growth[95].

Financial Performance - The company's revenue for Q1 2021 was ¥128,928,334.66, representing a 62.67% increase compared to ¥79,255,255.75 in the same period last year[8]. - Net profit attributable to shareholders was ¥2,757,111.77, a significant increase of 325.04% from ¥648,669.38 in the previous year[8]. - The net profit after deducting non-recurring gains and losses was ¥529,631.89, up 247.68% from a loss of ¥358,639.29 in the same period last year[8]. - The basic earnings per share increased to ¥0.0051, reflecting a 325.00% rise from ¥0.0012 in the previous year[8]. - The company achieved a sales revenue of 128.93 million yuan, a year-on-year increase of 62.67%[18]. - Net profit attributable to shareholders reached 2.76 million yuan, up 325.04% compared to the previous year[18]. - Total operating revenue for Q1 2021 reached ¥128,928,334.66, a significant increase from ¥79,255,255.75 in the previous period[42]. - Net profit for the period was ¥1,064,073.23, up from ¥742,466.41 year-over-year, reflecting a growth of approximately 43.3%[44]. - The net profit for the first quarter of 2021 was CNY 4,161,640.31, compared to a net loss of CNY 4,131,578.57 in the same period last year, indicating a significant turnaround in performance[48]. - The total comprehensive income for the first quarter was CNY 4,161,640.31, compared to a loss of CNY 4,131,578.57 in the prior year[49]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,676,580,636.89, a decrease of 2.55% from ¥1,720,474,581.34 at the end of the previous year[8]. - The company's total assets decreased to ¥1,621,364,402.27 from ¥1,649,937,501.30, showing a decline of about 1.9%[40]. - The total liabilities decreased from ¥327,513,299.79 to ¥294,778,560.45, a reduction of approximately 10%[40]. - The company's total liabilities decreased to CNY 327,952,792.94 from CNY 372,840,303.47, reflecting a decline of about 12.0%[36]. - The net assets attributable to shareholders increased slightly by 0.20% to ¥1,317,347,025.05 from ¥1,314,660,420.43 at the end of the previous year[8]. - The total equity attributable to the owners of the parent company increased slightly to CNY 1,317,347,025.05 from CNY 1,314,660,420.43, an increase of approximately 0.2%[37]. Cash Flow - The company reported a net cash flow from operating activities of -¥78,163,326.02, which is a 10.65% decline compared to -¥70,639,720.51 in the same period last year[8]. - The cash flow from operating activities showed a net outflow of CNY 78,163,326.02, worsening from a net outflow of CNY 70,639,720.51 in the previous year[52]. - The net cash flow from investment activities was -10.41 million yuan, a decrease of 9898.10% due to increased external investments[17]. - The net cash flow from financing activities increased to 4.77 million yuan, a rise of 1031.92% due to increased bank loans from subsidiaries[17]. - The financing activities generated a net cash inflow of CNY 4,773,820.56, compared to a net outflow of CNY 512,258.08 in the previous year[53]. - The net cash flow from investment activities was -10,404,006.00, compared to 106,217.50 in the previous year, indicating a significant decrease in cash inflow from investments[56]. - The total cash outflow for investment activities was 10,734,006.00, which is a substantial increase from 475,782.50 in the same period last year[56]. - The cash inflow from financing activities was 400,000.00, while cash outflow was 686,267.52, leading to a net cash flow of -186,267.52[56]. - The company's cash and cash equivalents decreased to CNY 329,864,308.72 from CNY 413,885,888.83, representing a decline of about 20.3%[34]. - The total cash and cash equivalents at the end of the period were 198,555,338.19, down from 208,689,890.79 at the end of the previous year[56]. Shareholder Information - The total number of shareholders at the end of the reporting period was 30,652[11]. - Major shareholders include Zhang Bo with 36.40% and Zhang Pin with 25.26% of the shares[11]. Strategic Initiatives - The company is expanding its business by establishing a subsidiary in Guangxi to integrate local resources for a parking fee demonstration project using blockchain technology[20]. - The company is implementing a strategic cooperation agreement with Schneider to promote product and project development[21]. - The company raised up to 520 million yuan through a private placement for projects aimed at enhancing market competitiveness and operational efficiency[25]. Risks and Compliance - The company faces risks related to industry policies, goodwill impairment, and raw material price fluctuations, which could adversely affect its operations[22][23][24]. - The company reported no violations regarding external guarantees during the reporting period[27]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[28]. - The company did not conduct any research, communication, or interview activities during the reporting period[29]. - The company did not undergo an audit for the first quarter report, which may affect the reliability of the financial data presented[58]. - The company did not apply the new leasing standards for the current year, which could impact future financial reporting[57]. Operational Costs - Total operating costs amounted to ¥131,811,901.02, compared to ¥78,683,886.71 in the prior year, indicating a rise in costs[43]. - The total operating expenses for the first quarter were CNY 261,966,978.83, compared to CNY 234,401,573.47 in the previous year, reflecting increased operational costs[52]. - Research and development expenses rose to ¥19,311,902.30 from ¥15,577,686.03, marking an increase of approximately 23.3%[43]. - The company invested CNY 10,737,298.04 in capital expenditures during the quarter, significantly higher than CNY 475,782.50 in the same period last year[52].

Financial Performance - Net profit attributable to shareholders rose by 45.87% to CNY 33,317,274.71 for the reporting period[7] - Basic earnings per share increased by 45.95% to CNY 0.0613[7] - The company reported a net profit of CNY 65,764,703.53 for the year-to-date, reflecting a 25.95% increase[7] - The net profit attributable to shareholders for the same period was approximately CNY 65.76 million, an increase of 25.95% year-on-year, primarily due to improved cost control and reduced credit impairment losses[18] - Net profit for Q3 2020 increased to CNY 33,225,228.76, compared to CNY 21,554,890.01 in the same period last year, representing a growth of approximately 54.5%[43] - Net profit for the period was CNY 66,457,337.90, an increase of 30.9% from CNY 50,778,032.29 in the previous period[51] - The company reported a comprehensive income of CNY 33,034,316.98, compared to CNY 21,793,877.28 in the previous year, showing strong overall performance[44] - The total comprehensive income for the period was CNY 66,414,535.65, compared to CNY 51,042,488.71 in the previous period, indicating a significant increase[52] Revenue and Costs - Operating revenue decreased by 0.66% to CNY 218,152,951.84 compared to the same period last year[7] - For the first nine months of 2020, the company achieved a sales revenue of CNY 566 million, a slight decrease of 1.11% year-on-year[18] - Total operating revenue for Q3 2020 was CNY 218,152,951.84, a slight decrease from CNY 219,600,725.89 in the previous period[41] - Total operating costs decreased to CNY 187,230,585.09 from CNY 195,043,953.13, with operating costs specifically down from CNY 137,746,588.31 to CNY 128,358,490.33[42] - Total operating revenue for the period was CNY 565,554,527.61, a decrease of 1.9% compared to CNY 571,907,534.37 in the previous period[49] - Total operating costs decreased to CNY 496,183,325.00, down 4.5% from CNY 519,679,014.32[49] Assets and Liabilities - Total assets increased by 3.16% to CNY 1,658,961,728.10 compared to the end of the previous year[7] - The total liabilities of the company were CNY 352,613,460.00, slightly up from CNY 347,506,711.15, indicating a marginal increase of about 1.8%[35] - Total liabilities decreased to CNY 316,796,735.07 from CNY 327,988,224.36, indicating improved financial stability[42] - Total assets amounted to CNY 1,608,088,517.00, with current assets at CNY 1,205,046,332.55, and non-current assets at CNY 403,042,184.45[65] - Total liabilities reached CNY 347,506,711.15, with current liabilities at CNY 324,629,960.31 and non-current liabilities at CNY 22,876,750.84[67] Cash Flow - Cash flow from operating activities showed a significant decline of 1,538.30% to -CNY 31,854,979.02[7] - The net cash flow from operating activities was CNY -84.65 million, a decline of 415.02% compared to the previous year, attributed to slower collection of receivables[19] - Operating cash flow for Q3 2020 was negative at -84,651,189.32 CNY, compared to a positive 26,871,934.64 CNY in Q3 2019, indicating a significant decline in cash generation from operations[58] - Total cash inflow from operating activities was 618,503,664.11 CNY, down from 763,920,390.55 CNY in the same period last year, reflecting a decrease of approximately 18.9%[58] - Cash outflow from operating activities totaled 703,154,853.43 CNY, slightly lower than 737,048,455.91 CNY in Q3 2019, resulting in a cash flow deficit[58] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 35,877[11] - The top three shareholders collectively hold 63.6% of the company's shares[12] - The company has been actively managing its stock issuance, with announcements regarding the issuance of shares to specific investors and the approval of the issuance by the Shenzhen Stock Exchange[20] Commitments and Compliance - The company strictly adhered to all commitments made by shareholders and controlling parties during the reporting period, with no violations found[23] - The company has not engaged in any business that competes with its subsidiary, and it has committed to not invest in or conduct any competing business in the future[25] - The company has undertaken to bear all liabilities arising from any potential legal disputes related to its core technologies[24] - The company has established a commitment to maintain independence from its controlling shareholder in terms of personnel, finance, assets, and operations[23] - The company has ensured that all commitments regarding employee housing fund contributions are fulfilled to avoid any financial penalties[23] - The company has maintained compliance with all regulatory requirements and commitments made during its initial public offering[23]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥347,401,575.77, a decrease of 1.39% compared to ¥352,306,808.48 in the same period last year[25]. - The net profit attributable to shareholders increased by 10.46% to ¥32,447,428.82, up from ¥29,374,288.99 in the previous year[25]. - The net profit after deducting non-recurring gains and losses rose by 33.20% to ¥30,426,627.12, compared to ¥22,842,510.96 in the same period last year[25]. - The net cash flow from operating activities was negative at -¥52,796,210.30, a decline of 283.22% from ¥28,816,329.70 in the previous year[25]. - The basic earnings per share rose by 10.35% to ¥0.0597, up from ¥0.0541 in the same period last year[25]. - The diluted earnings per share also increased by 10.35% to ¥0.0597, compared to ¥0.0541 in the previous year[25]. - The weighted average return on net assets was 2.60%, slightly up from 2.49% in the previous year[25]. - The company achieved a sales revenue of approximately CNY 347.40 million, a slight decrease of 1.39% year-on-year[42]. - The net profit attributable to shareholders was about CNY 32.44 million, an increase of 10.46% year-on-year, mainly due to improved cost control and reduced credit impairment losses[42]. - The total profit for the first half of 2020 was CNY 41.64 million, compared to CNY 36.92 million in the first half of 2019, marking an increase of around 12.3%[136]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,633,948,545.75, an increase of 1.61% from ¥1,608,088,517.00 at the end of the previous year[25]. - The net assets attributable to shareholders increased by 0.97% to ¥1,243,156,317.17, compared to ¥1,231,208,852.22 at the end of the previous year[25]. - The total assets of the company as of June 30, 2020, amounted to CNY 1,633,948,545.75, an increase from CNY 1,608,088,517.00 as of December 31, 2019[125]. - Total liabilities increased to CNY 336,037,553.33 from CNY 327,988,224.36, representing a rise of approximately 2.4%[132]. - The total equity attributable to shareholders reached CNY 1,260,233,097.23, a marginal increase from CNY 1,260,045,850.21[132]. Cash Flow - The company's cash flow from operating activities decreased by 283.22% year-on-year, primarily due to a 22.44% reduction in cash received from sales of goods and services[49]. - The cash flow from operating activities in the first half of 2020 was CNY 350.11 million, a decrease from CNY 451.43 million in the same period of 2019, representing a decline of approximately 22.4%[141]. - Total cash inflow from operating activities was 364,873,522.00 CNY, while cash outflow was 417,669,732.30 CNY, resulting in a cash flow deficit[143]. - The company experienced a net decrease in cash and cash equivalents of -75,635,343.90 CNY during the first half of 2020[144]. Market Position and Strategy - The market share for the company's intercom and smart home products reached approximately 34.93%, an increase of 2.15% year-on-year, with a total shipment of 722,300 units[35]. - The company plans to expand its parking lot equipment sales team by recruiting 130 people this year and a total of 500 people next year to enhance its market presence outside the Pearl River Delta region[37]. - The company aims to leverage opportunities from the renovation of old urban communities, with a target of starting renovations in 39,000 old communities by 2020[44]. - The company is actively preparing for capacity expansion in smart home systems and intelligent access control systems to meet market demand driven by the development of 5G technology[45]. Research and Development - Research and development investment amounted to CNY 38.74 million, a decrease of 6.05% year-on-year, with a total of 200 patents held[43]. - The company's research and development expenses for the first half of 2020 were CNY 32.23 million, down from CNY 35.39 million in the same period of 2019, a decrease of about 9.2%[138]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares during this reporting period[12]. - The company has committed to ensuring independence in operations, finance, assets, and business to protect shareholder interests[73]. - All commitments made by the controlling shareholder Zhang Bo have been strictly adhered to, with no violations reported as of the end of the reporting period[74]. - Major shareholders include Zhang Bo with a 36.40% stake and Zhang Pin with a 26.26% stake, with significant changes in their holdings during the reporting period[108]. Legal and Compliance - The company reported a total of 20 litigation cases during the reporting period, with a total amount of 2.4419 million yuan, of which 0.3789 million yuan has been concluded and 2.0630 million yuan is still in execution[79]. - The company has not reported any violations of commitments made during the asset restructuring process[72]. - The company has not engaged in any major asset or equity acquisition or sale transactions during the reporting period[85]. Financial Reporting - The half-year financial report has not been audited[77]. - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance, reflecting the financial status as of June 30, 2020[179].

Financial Performance - Total revenue for Q1 2020 was ¥79,255,255.75, a decrease of 38.74% compared to ¥129,368,485.68 in the same period last year[8] - Net profit attributable to shareholders was ¥648,669.38, down 88.62% from ¥5,702,399.12 year-on-year[8] - Basic earnings per share decreased by 88.00% to ¥0.0012 from ¥0.01 in the same period last year[8] - The company reported a total sales revenue of 79.26 million yuan in Q1 2020, a decrease of 38.74% year-on-year due to delays in customer resumption of work caused by the COVID-19 pandemic[18] - The net profit attributable to shareholders was 648,669.38 yuan, down 88.62% compared to the previous year, primarily due to the same pandemic-related delays[18] - The total amount of signed sales contracts in Q1 2020 was 125.56 million yuan, a decline of 33.67% year-on-year, again impacted by the pandemic[18] Cash Flow and Assets - Net cash flow from operating activities was -¥70,639,720.51, a decline of 302.47% compared to ¥34,888,635.55 in the previous year[8] - As of the end of the reporting period, the company's total assets were 1.59 billion yuan, with total liabilities of 324.49 million yuan, resulting in a debt-to-asset ratio of 20.46%[18] - The company's total assets as of March 31, 2020, were CNY 1,561,956,165.86, compared to CNY 1,588,034,074.57 at the end of 2019[42] - Cash and cash equivalents at the end of the period amount to CNY 384,684,107.02, slightly up from CNY 380,349,102.79 at the end of the previous period[56] - The company's total liabilities decreased to CNY 306,041,894.22 from CNY 327,988,224.36 in the previous period[43] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 35,489[11] - Major shareholders Zhang Bo and Zhang Pin collectively hold 62.66% of the company's shares[12] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[12] Compliance and Governance - The company reported a commitment to maintain independence in operations, finance, assets, and business, ensuring the interests of all shareholders are protected[27] - All commitments made by the controlling shareholder were strictly adhered to during the reporting period, with no violations noted[28] - The company has not reported any overdue commitments, indicating effective governance and compliance[28] - The company has not engaged in any business that competes directly or indirectly with its subsidiaries, ensuring compliance with competitive commitments[28] Risks and Challenges - The company faces risks related to industry policies, particularly concerning the real estate sector, which could adversely affect its main business operations[20] - Seasonal factors significantly impact the company's sales, with peaks typically occurring in the third and fourth quarters due to the timing of construction projects[22] Contracts and Business Development - The company signed a significant contract with Shenzhen Ping An Communication Technology Co., Ltd. for a total amount of 71.50 million yuan, which is currently in execution[18] - The company has received a bid notification and signed significant contracts during the reporting period, indicating ongoing business development[25] Financial Strategies - The company initiated a non-public stock issuance to raise funds, with relevant work groups conducting analysis and discussions on this matter[19] - There was a non-public stock issuance plan disclosed, reflecting potential capital raising strategies[25] - The company has committed to not transferring shares within specified periods following the IPO, ensuring stability in shareholding[25] - The controlling shareholder has pledged to cover any penalties or liabilities arising from housing fund contributions, safeguarding the company's financial position[27] Operating Costs and Expenses - Total operating costs for Q1 2020 were CNY 78,683,886.71, down from CNY 130,536,866.62 in the previous period[46] - The company incurred sales expenses of CNY 9,436,160.74, compared to CNY 17,563,786.90 in the previous period[50] - The total operating costs for the current period are CNY 29,167,160.13, down from CNY 57,093,725.36 in the previous period[50]

Financial Performance - The company's operating revenue for 2019 was CNY 924,120,718.50, representing a 0.57% increase compared to CNY 918,900,258.17 in 2018[20]. - The net profit attributable to shareholders for 2019 was CNY 71,835,708.58, a significant increase of 163.37% from CNY 27,275,301.92 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was CNY 60,243,669.91, up 164.56% from CNY 22,770,841.85 in 2018[20]. - The net cash flow from operating activities reached CNY 134,255,535.86, a remarkable increase of 511.58% compared to a negative cash flow of CNY 32,619,793.78 in 2018[20]. - Basic earnings per share for 2019 were CNY 0.13, reflecting a 160.00% increase from CNY 0.05 in the previous year[20]. - The total assets of the company at the end of 2019 were CNY 1,608,088,517.00, a 1.76% increase from CNY 1,580,306,296.82 at the end of 2018[20]. - The net assets attributable to shareholders increased by 5.47% to CNY 1,231,208,852.22 from CNY 1,167,358,662.60 in 2018[20]. - The company achieved total sales revenue of 924.12 million yuan, a year-on-year increase of 0.57%[37]. - Net profit attributable to shareholders reached 71.84 million yuan, reflecting a significant year-on-year growth of 163.37%[37]. - The company reported a total revenue of 7,149.9 million yuan for the year 2019[121]. Cash Flow and Liquidity - The company's cash flow from operating activities showed a significant improvement, with a net cash flow of CNY 107.38 million in Q4 2019, compared to a negative cash flow in Q2 and Q3[22]. - The company reported a 28.54% increase in cash and cash equivalents year-on-year, attributed to improved operating cash flow[33]. - The net increase in cash and cash equivalents was ¥108,610,066.69, marking a 411.19% increase year-on-year[56]. - Cash and cash equivalents increased to 458,822,157.92, representing 28.53% of total assets, up from 22.59% at the beginning of the year, attributed to increased sales collections[61]. - The total current assets amounted to CNY 1.21 billion as of December 31, 2019, compared to CNY 1.11 billion in the previous year, indicating an increase of about 8.2%[200]. Sales and Market Position - The company signed sales contracts totaling approximately CNY 1.25 billion in 2019, with a year-on-year growth of 0.22%, driven by a 24.11% increase in smart home product contracts[31]. - The market share for the company's intercom and smart home products reached approximately 28.87% in 2019, an increase of 0.21% year-on-year[32]. - Sales of the intercom system reached 497.54 million yuan, accounting for 53.84% of total revenue, with a year-on-year increase of 3.63%[42]. - The smart home system sales increased by 45.79% year-on-year, generating 163.27 million yuan in revenue[42]. - The company achieved a market share of approximately 28.87% in the intercom and smart home product segment, with a shipment volume of 196.35 million units, reflecting a year-on-year increase of 0.21%[72]. Research and Development - The company holds a total of 223 patents, including 25 invention patents, enhancing its competitive edge in product quality and market promotion[34]. - Research and development expenses amounted to ¥91,636,337.53, a 5.52% increase compared to the previous year[51]. - The number of R&D personnel was 558, making up 42.89% of the total workforce[54]. - The management team has a strong emphasis on R&D, with significant experience in telecommunications and security technology[152]. Corporate Governance and Compliance - The company has established a comprehensive performance evaluation and incentive mechanism for senior management, ensuring transparency and compliance with regulations[176]. - The audit opinion issued was a standard unqualified opinion, confirming that the financial statements fairly reflect the company's financial position as of December 31, 2019[184]. - The company maintains independence from its controlling shareholder in terms of business, personnel, assets, and finance, ensuring autonomous operational capabilities[168]. - The governance structure of the company complies with relevant laws and regulations, ensuring the protection of shareholders' rights[164]. - The company has a robust information disclosure system, ensuring timely and accurate communication with investors[167]. Legal Matters and Debt Recovery - The company has initiated multiple lawsuits for overdue payments totaling over CNY 1 million across various cases, reflecting a proactive approach to debt recovery[99]. - The company has successfully enforced judgments in several cases, ensuring the collection of overdue payments through legal means[99]. - The company is actively managing its receivables through litigation, indicating a focus on maintaining cash flow and financial health[99]. - The company won a lawsuit against Chongqing Haobo Industrial Group Co., Ltd. for overdue payments amounting to CNY 98,148, including late payment penalties calculated based on the People's Bank of China benchmark interest rate[97]. - The company has ongoing litigation regarding overdue payments from Xinjiang Jinfangde Electronic Technology Co., Ltd. for CNY 6.83 million, with a settlement reached[101]. Shareholder Information - The company has a total of 543,370,602 shares outstanding, with 48.87% being limited shares[129]. - Major shareholders include Zhang Bo with 36.40% ownership, Zhang Pin with 26.26%, and Li Le Ni with 0.94%[134]. - The combined ownership of the three major shareholders (Zhang Bo, Zhang Pin, and Li Le Ni) is 63.60%[135]. - The total number of ordinary shareholders at the end of the reporting period was 25,843, down from 35,489 at the end of the previous month[133]. Future Outlook and Strategy - The company plans to expand its product offerings in response to the real estate market trends and government policies aimed at stabilizing housing prices and promoting economic development[70]. - The company aims to transform into a leading comprehensive service provider for smart community internet platforms[73]. - The company’s future development strategy includes actively participating in community renovation projects to become a comprehensive solution provider for community security and smart home systems[73]. - In 2020, the company plans to continue strengthening its main business and utilize capital market tools to grow[74].