Joyware(300270)

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中威电子(300270) - 2017年5月16日投资者关系活动记录表
2022-12-06 05:10
证券代码:300270 证券简称:中威电子 编号:2017-001 | --- | --- | --- | |----------------|----------------------------------------------------------------------------|------------------------------------------------------------------| | | | | | 投资者关系活动 | □ 特定对象调研 | □ 分析师会议 | | 类别 | □ 媒体采访 | □ 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | √ 其他 ( 投资者接待日 ) | | | 参与单位名称及 | 浙江省能源集团财务有限公司 胡鹏健 中农投资 徐柏其 厚达投资 林赞之 | | | 人员姓名 | 智盛辉恒 王贵宝 浙银前源 周运金 浙江瑞特 葛丰旻、王忆宁 | | | 时间 | 2017 年 5 月 16 | 日(星期二) 13:00—15:00 | | 地点 | 杭州市滨江区西兴路 | 1819 号杭 ...
中威电子(300270) - 2018年3月27日投资者关系活动记录表
2022-12-04 08:56
编号:2018-001 证券代码:300270 证券简称:中威电子 杭州中威电子股份有限公司投资者关系活动记录表 | --- | --- | --- | |-------------------------|--------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 投资者关系活动 | □ 特定对象调研 | □ 分析师会议 | | 类别 | □ 媒体采访 | □ 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | √ 其他 ( 投资者接待日 ) | | | 参与单位名 ...
中威电子(300270) - 2018年3月30日投资者关系活动记录表
2022-12-03 09:54
证券代码:300270 证券简称:中威电子 编号:2018-002 杭州中威电子股份有限公司投资者关系活动记录表 | --- | --- | --- | |----------------|--------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 投资者关系活动 | √ 特定对象调研 | □ 分析师会议 | | 类别 | □ 媒体采访 | □ 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | ...
中威电子(300270) - 2018年4月13日投资者关系活动记录表
2022-12-03 09:48
证券代码:300270 证券简称:中威电子 编号:2018-003 | --- | --- | --- | --- | |-------------------------|------------------------------------------------|--------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | ...
中威电子(300270) - 投资者关系活动记录表(2021年度网上业绩说明会)
2022-11-19 03:12
股票代码:300270 股票简称:中威电子 杭州中威电子股份有限公司投资者关系活动记录表 编号:2022-001 | --- | --- | --- | --- | --- | |------------------|-------------------------------------|------------------------------------|--------------------------------------------------|--------| | | | | | | | 投资者关系活动类 | | □特定对象调研 □分析师会议 | | | | 别 | | □媒体采访 √业绩说明会 | | | | | □新闻发布会 | | □路演活动 | | | | □现场参观 | | | | | | □其他 | (请文字说明其他活动内容) | | | | 参与单位名称及人 | 线上参与公司中威电子 | 2021 | 年度网上业绩说明会的投 | | | 员姓名 | 资者 | | | | | 时间 | 2022 年 05 月 17 | 日(星期二)下午 | 15:00-17:00 | | ...
中威电子(300270) - 2022 Q3 - 季度财报
2022-10-26 16:00
Financial Performance - The company's operating revenue for the third quarter was ¥20,674,572.53, a decrease of 73.47% compared to the same period last year[4] - The net profit attributable to shareholders was a loss of ¥28,750,109.44, down 72.22% year-on-year[4] - The company's basic earnings per share were -¥0.096, reflecting a decline of 72.22% compared to the previous year[4] - The total profit loss increased by 80.69% year-to-date, mainly due to decreased operating revenue and increased credit impairment losses[10] - Net loss for Q3 2022 was CNY 42,726,706.59, compared to a net loss of CNY 23,944,355.13 in Q3 2021, indicating an increase in losses of 78.5%[30] - The company's gross profit margin decreased significantly, with gross profit for Q3 2022 at CNY -10,975,771.13, compared to CNY 5,214,216.65 in Q3 2021[29] - Basic and diluted earnings per share for Q3 2022 were both CNY -0.1382, compared to CNY -0.0809 in Q3 2021, indicating a worsening of earnings per share[30] - Other comprehensive income after tax attributable to the parent company was CNY -586,426.92, reflecting ongoing challenges in financial performance[30] Cash Flow - The net cash flow from operating activities increased by 192.91% year-to-date, totaling ¥8,360,802.21[4] - The net cash flow from operating activities for the third quarter was ¥8,360,802.21, a significant improvement compared to a net outflow of ¥8,998,999.62 in the same period last year[31] - Total cash inflow from operating activities was ¥143,972,701.43, down 22% from ¥184,244,469.63 year-on-year[31] - Cash outflow from operating activities decreased to ¥135,611,899.22, compared to ¥193,243,469.25 in the previous year, reflecting a 30% reduction[31] - The company reported a net cash flow from investment activities of -¥295,762.71, a decrease from -¥21,809,918.70 in the previous year[31] - Cash inflow from financing activities was ¥69,000.00, significantly lower than ¥10,115,239.92 in the same quarter last year[32] - The net cash flow from financing activities was -¥76,711,282.34, indicating a decline compared to the previous year[32] - The ending balance of cash and cash equivalents increased to ¥123,918,173.16 from ¥102,588,922.88 year-on-year[32] - The company received ¥33,139,020.62 in other operating cash related to business activities, down from ¥43,868,700.73 in the previous year[31] - The company paid ¥32,236,244.31 to employees, which is an increase from ¥30,280,932.78 in the previous year[31] - The company’s cash flow from operating activities was positively impacted by a reduction in cash outflows related to other business activities, which decreased to ¥26,756,391.93 from ¥62,697,167.02 year-on-year[31] Assets and Liabilities - Total assets at the end of the reporting period were ¥933,031,600.57, a decrease of 5.79% from the end of the previous year[4] - The company's total liabilities increased by 230.00% in accounts payable, primarily due to an increase in bank acceptance bills[8] - The total liabilities decreased to CNY 221,742,359.92 from CNY 238,328,026.88, a reduction of 6.9%[29] - The total equity attributable to shareholders decreased to CNY 707,148,567.38 from CNY 746,478,223.04, a decline of 5.3%[29] - The company's current assets totaled CNY 613,066,444.47 as of September 30, 2022, down from CNY 640,967,274.05 at the beginning of the year[26] - Cash and cash equivalents increased to CNY 135,257,329.17 from CNY 129,484,214.61[26] - Accounts receivable decreased to CNY 329,081,016.59 from CNY 347,373,402.93[26] - Inventory rose to CNY 88,294,990.57 compared to CNY 78,526,492.72 at the start of the year[26] - Long-term receivables decreased to CNY 31,796,814.40 from CNY 50,262,927.49[26] - Investment properties decreased to CNY 130,642,454.54 from CNY 137,590,961.24[26] - Fixed assets decreased to CNY 87,239,803.44 from CNY 90,827,430.32[26] Shareholder Information - The largest shareholder, Shi Xugang, holds 32.99% of the shares, totaling 99,886,768 shares, with 84,785,688 shares pledged[14] - New Xiang Investment Fund holds 8.00% of the shares, equivalent to 24,224,500 shares[14] - The total number of restricted shares at the beginning of the period was 79,497,688, with no shares released or added during the period[16] - Shi Xugang's restricted shares remain at 78,592,776, subject to a 25% annual release based on previous year's holdings[16] - The company plans to issue up to 90,841,800 shares to New Xiang Investment Fund, which will acquire 8.00% of the total shares[17] - The voting rights for 42,392,844 shares, representing 14.00% of the total shares, have been entrusted to New Xiang Investment Fund[17] - The company has not disclosed any relationships or agreements among the top shareholders[14] - The total number of shares held by the top ten unrestricted shareholders amounts to 24,224,500 shares[14] - The company has not reported any changes in the number of preferred shareholders or restricted shares[15] - The company is under a control change agreement with New Xiang Investment Fund, which was signed on August 28, 2020[17] - The company underwent a change in control with New Xiang Industrial Fund No. 1 becoming the largest shareholder, holding 29.90% of the voting rights[21]
中威电子(300270) - 2022 Q2 - 季度财报
2022-08-15 16:00
Financial Performance - The company's operating revenue for the first half of 2022 was ¥71,251,943.27, a decrease of 10.91% compared to ¥79,976,579.97 in the same period last year[18]. - The net loss attributable to shareholders was ¥12,587,529.42, representing a 67.38% increase in loss compared to ¥7,520,284.12 in the previous year[18]. - The basic and diluted earnings per share were both -¥0.0421, a decrease of 67.73% compared to -¥0.0251 in the same period last year[18]. - The total profit amounted to -14.50 million yuan, with a year-on-year loss increase of 163.39%[79]. - The net profit attributable to ordinary shareholders was -12.59 million yuan, reflecting a year-on-year loss increase of 67.38%[79]. - The company reported a net loss of ¥78,916,290.01, worsening from a loss of ¥66,328,760.59 at the beginning of the year[184]. - The net profit for the first half of 2022 was -10,543,138.10 CNY, compared to -9,095,822.00 CNY in the same period of 2021, indicating a decline in profitability[194]. - Operating profit for the first half of 2022 was -11,490,703.14 CNY, worsening from -7,299,203.24 CNY year-over-year[194]. - The total comprehensive income for the first half of 2022 was -10,668,330.49 CNY, compared to -9,095,822.00 CNY in the same period of 2021[195]. Cash Flow and Assets - The net cash flow from operating activities increased by 31.36% to ¥10,093,177.60 from ¥7,683,733.35 in the same period last year[18]. - Cash and cash equivalents increased significantly by 113.57% to ¥9,808,882.24 from a negative balance of ¥72,173,479.31 in the previous year[93]. - The company's cash flow from operating activities was not detailed, but the increase in net loss and credit impairment suggests potential liquidity challenges[190]. - The cash flow from financing activities resulted in a net outflow of -76,369,282.34 CNY, reflecting a significant decrease in cash inflow compared to the previous year[200]. - The company's investment activities resulted in a net cash outflow of -176,863.36 CNY, contrasting with a net inflow of 1,330,115.44 CNY in the first half of 2021[200]. Research and Development - R&D investment for the first half of 2022 was 10.11 million yuan, accounting for 14.19% of total operating revenue[84]. - The company's R&D investment increased by 20.33% to ¥10,113,353.40 from ¥8,404,634.11 year-on-year[93]. - The company emphasizes continuous innovation in video surveillance technology to maintain industry leadership and enhance market competitiveness[81]. - The company plans to increase R&D investment in AI algorithms and explore mergers with mature, cost-effective technology teams to enhance competitive capabilities[114]. Market and Product Development - The company focuses on AI video applications and IoT solutions, providing standardized systems for smart transportation, smart cities, and smart energy[26]. - The product lineup includes intelligent security products, with a full range of HD network cameras from 1 million to 10 million pixels, and AI-enabled cameras for various applications[26]. - The company is expanding its industrial IoT hardware offerings, including video/data optical terminals and industrial Ethernet switches, targeting urban traffic and smart grid applications[31]. - The company aims to expand its market presence in smart transportation solutions, exploring vehicle-road collaboration and vehicle networking[89]. - The company is actively pursuing market expansion strategies, particularly in the fields of smart technology and electronic products[108]. Risks and Challenges - The company faced risks in its daily operations, which are detailed in the report[5]. - The company has identified risks related to high accounts receivable balances and is implementing measures to mitigate these risks[112]. - The company has experienced continuous losses for four consecutive years, indicating overall poor operational efficiency in a highly competitive market dominated by Hikvision and Dahua[114]. - The company has a significant portion of its clients being government agencies and state-owned enterprises, which may lead to longer collection periods for receivables[112]. Shareholder and Governance Changes - The company underwent a change in control, with New Xiang Industrial Fund No. 1 becoming the largest shareholder, holding 29.90% of the voting rights after recent share transfers[109]. - The company has appointed new board members and management personnel as of July 25, 2022, indicating a potential shift in governance[119]. - The company emphasizes the need for investors to make cautious decisions due to uncertainties surrounding the share transfer transaction[156]. - The actual controller has changed to the Xinxiang Municipal Government, a local state-owned asset management agency, effective May 23, 2022[172]. Legal and Compliance - The company has not faced any administrative penalties related to environmental issues during the reporting period[124]. - There were no significant lawsuits or arbitration matters during the reporting period[133]. - The company strictly adhered to legal regulations and actively contributed to local economic development through tax payments[125]. - There were no major related party transactions during the reporting period[141].
中威电子(300270) - 2021 Q4 - 年度财报
2022-04-27 16:00
Financial Performance - In 2021, Joyware Electronics achieved operating revenue of RMB 243.03 million, a year-on-year increase of 16.53%[6] - The total profit for the year was a loss of RMB 57.89 million, which represents a year-on-year reduction in losses by 55.07%[6] - The net profit attributable to shareholders was a loss of RMB 51.24 million, with a year-on-year decrease in losses of 55.75%[6] - The company's operating revenue for 2021 was ¥243,029,409.70, representing a 16.53% increase compared to ¥208,548,638.81 in 2020[20] - The net profit attributable to shareholders was -¥51,237,165.07, an improvement of 55.75% from -¥115,793,562.89 in 2020[20] - The net cash flow from operating activities was ¥677,490.04, a significant decrease of 98.26% compared to ¥38,852,309.61 in 2020[20] - The total assets at the end of 2021 were ¥990,335,990.92, down 8.36% from ¥1,080,700,849.96 at the end of 2020[20] - The company's basic earnings per share improved to -¥0.17 from -¥0.39 in 2020, reflecting a 56.41% increase[20] - The company's total equity attributable to shareholders decreased by 5.82% to ¥746,478,223.04 at the end of 2021 from ¥792,645,879.65 at the end of 2020[20] - The company's total assets decreased by 8.36% to 990.34 million yuan in 2021[114] - The company's cash flow from operating activities was 677,500 yuan, a significant decrease of 98.26% compared to the previous year[114] Market and Industry Trends - The security industry in China experienced a growth rate of 6% in 2021, with a total output value of ¥902 billion[31] - The smart security market is projected to reach ¥204.5 billion by 2026, with a compound annual growth rate of 26% from 2013 to 2020[33] - The smart city market size in China is projected to reach approximately 25 trillion yuan by 2022, up from 14.9 trillion yuan in 2020, indicating a significant growth potential[37] - In 2021, nearly 4,300 smart city projects were awarded, with a total bid amount of around 108.5 billion yuan, highlighting the increasing demand for smart city solutions[37] - The "14th Five-Year Plan" emphasizes the need for digital transformation and innovation in the security industry, creating new market opportunities in areas such as smart transportation and public safety data[36] - The government aims to accelerate the digital transformation of transportation infrastructure, with a focus on building a high-quality transportation system by 2025[40] - The integration of AI and security systems is expected to enter a rapid development phase, driven by the smart city initiatives and the demand for enhanced public safety[37] - The "Belt and Road" initiative is anticipated to boost international cooperation and trade in the security sector, leveraging China's established security product manufacturing capabilities[36] - The smart highway system market in China is expected to grow significantly due to the increasing investment in intelligent transportation infrastructure[41] - The coal mining industry is set to achieve significant advancements in automation and intelligence, with a focus on reducing labor and enhancing efficiency by 2035[42] Research and Development - The company invested CNY 18.11 million in R&D in 2021, accounting for 7.45% of total revenue[104] - The company holds 74 authorized patents, including 30 invention patents, 25 utility model patents, and 19 design patents[104] - The company added 6 new patents during the reporting period, focusing on AI and IoT technologies[117] - The company aims to improve its AI algorithm capabilities by increasing R&D investment and potentially acquiring mature technology teams[176] - The company is actively involved in the research and development of digital video fiber optic communication technology, with multiple provincial-level key scientific research projects undertaken[196] Strategic Initiatives - The company plans to focus on AI video applications as a core part of its IoT solutions, leveraging the "Joyware Cloud" AIoT video cloud platform[6] - Joyware Electronics aims to expand into the robotics industry through acquisitions to establish a solid foundation for future growth[6] - The company plans to change its control structure by transferring shares to the New Xiang Industry Fund, with a total of 24,224,500 shares transferred[123] - The company established a wholly-owned subsidiary for robotics with an investment of 50 million yuan and acquired 73.92% of Huaxia Tianxin Robotics for 31.08 million yuan[118] - The company intends to pursue both organic growth and external mergers and acquisitions to enhance asset scale and profitability[167] Product Development and Innovation - The company has developed a diverse product system including high-definition IP transmission systems, intelligent event detection devices, and various smart city solutions[47] - The company has launched a smart parking cloud platform that utilizes big data analysis to address urban parking challenges, improving resource utilization[65] - The company’s intelligent analysis products leverage deep learning technology for video data processing, enhancing smart city applications[58] - The company has developed a comprehensive video surveillance platform that integrates real-time playback, storage, control, and alarm linkage, designed for small to medium applications such as schools and communities[68] - The company has launched multiple series of AI intelligent network cameras, achieving a product line of 4 million star light products[105] Corporate Governance - The company has no controlling shareholder, maintaining independence in operations, personnel, assets, and finances[189] - The board of directors consists of 7 members, including 3 independent directors, ensuring a majority of independent oversight[182] - The company has established a performance evaluation and incentive system linking management compensation to business performance[186] - The audit committee operates independently and reports quarterly to ensure the integrity of financial information[187] - The company actively engages with stakeholders to balance interests and enhance investor relations management[185] Operational Challenges - The company has experienced four consecutive years of losses, struggling to expand its business in a competitive market dominated by Hikvision and Dahua[176] - As of the end of the reporting period, accounts receivable amounted to 460.3611 million yuan, accounting for 46.49% of total assets, indicating slow turnover and high credit impairment losses compared to industry peers[174] - The company will implement measures to manage high accounts receivable, including establishing customer credit ratings and optimizing contract payment terms[175] Future Outlook - The company aims to enhance its market competitiveness by providing efficient management tools for property services through various smart applications[142] - The company provided a positive outlook for the next quarter, projecting a revenue increase of 20%[200] - New product launches are expected to contribute an additional $50 million in revenue over the next fiscal year[200] - The management emphasized the importance of sustainability initiatives, targeting a 30% reduction in carbon footprint by 2025[200]
中威电子(300270) - 2022 Q1 - 季度财报
2022-04-27 16:00
Financial Performance - The company's operating revenue for Q1 2022 was ¥20,877,738.57, a decrease of 32.45% compared to ¥30,907,201.08 in the same period last year[2] - The net profit attributable to shareholders was -¥207,376.32, showing a significant improvement of 96.30% from -¥5,602,980.38 year-on-year[2] - The net cash flow from operating activities increased by 1,409.34% to ¥16,375,121.59, compared to ¥1,084,917.63 in the previous year[2] - Total assets at the end of the reporting period were ¥971,994,507.00, a decrease of 1.85% from ¥990,335,990.92 at the end of the previous year[2] - The total profit increased by 139.57% year-on-year, primarily due to the recovery of long-aged accounts receivable and a reduction in bad debt provisions[6] - The company experienced a 32.18% decrease in operating costs, correlating with the decline in revenue[5] - The weighted average return on equity improved to -0.03%, up from -0.71% in the previous year[2] - The company reported a gross profit margin of approximately 48.5% in Q1 2022, compared to 30.0% in Q1 2021[28] - Basic and diluted earnings per share were both -¥0.0007, an improvement from -¥0.0187 in the same period last year[30] Shareholder Information - The total number of common shareholders at the end of the reporting period is 18,133[9] - The largest shareholder, Shi Xugang, holds 34.61% of the shares, amounting to 104,790,368 shares, with 78,592,776 shares pledged[9] - The company has a total of 79,497,688 restricted shares at the end of the period, primarily due to executive lock-up agreements[11] - The company has undergone a change in control, with Shi Xugang transferring 24,224,500 shares to Xinxiang Industrial Fund No. 1 and delegating voting rights for 42,392,844 shares[12] - The company has not disclosed any relationships or concerted actions among the top shareholders[9] - The top ten shareholders hold a total of 79,497,688 shares, with significant stakes from both individual and institutional investors[9] - The company has a plan for the gradual release of restricted shares, with 25% of the shares being released annually[11] - The company is actively managing its shareholder structure and has made adjustments to its stock issuance plans in response to market conditions[15] Cash Flow and Investments - The cash flow from investment activities increased by 97.26%, mainly due to net cash outflow from the disposal of subsidiaries in the previous year[7] - The company reported a net cash flow from investing activities of -¥95,474.36, indicating a slight increase in investment expenditures compared to -¥3,481,887.59 in the previous year[34] - Cash flow from financing activities showed a net outflow of -¥18,972,335.50, primarily due to debt repayments totaling ¥21,480,000.00[34] - The ending balance of cash and cash equivalents was ¥132,115,028.76, down from ¥188,739,818.08 at the end of Q1 2021[34] - The company received cash related to financing activities amounting to ¥3,463,639.92, which contributed to its liquidity position[34] Research and Development - The company reported a 37.14% increase in R&D expenses, attributed to the addition of expenses from Huaxia Tianxin (Beijing) Robot Co., Ltd.[6] - Research and development expenses increased to ¥4,588,221.63, up 37.1% from ¥3,345,741.31 in the previous year[28] Operational Highlights - The company did not report any significant new product launches or technological advancements during this quarter[36] - There were no acquisitions or major market expansions mentioned in the report, focusing instead on operational cash flow management[36] - The company has not reported any new product developments or market expansion strategies in the current reporting period[10] Audit and Compliance - The report was not audited, which may affect the reliability of the financial data presented[35] - The company terminated the 2020 private placement of A-shares and withdrew the application documents as of March 15, 2022[17] - The company extended the validity period for the 2020 private placement of A-shares by 12 months, now expiring on March 11, 2023[16] Assets and Liabilities - Total current assets decreased to 632.17 million RMB from 640.97 million RMB at the beginning of the year[24] - Total liabilities decreased to ¥219,413,562.61 from ¥238,328,026.88 in the previous year[26] - The company’s equity attributable to shareholders was ¥747,461,700.91, slightly up from ¥746,478,223.04 in Q1 2021[26] - Accounts receivable decreased to 318.95 million RMB from 347.37 million RMB at the beginning of the year[24] - Inventory increased to 81.72 million RMB from 78.53 million RMB at the beginning of the year[24] - Long-term receivables decreased to 47.00 million RMB from 50.26 million RMB at the beginning of the year[24]
中威电子(300270) - 2021 Q3 - 季度财报
2021-10-28 16:00
Financial Performance - The company's operating revenue for Q3 2021 was ¥77,920,231.69, representing a 42.47% increase year-over-year[2] - The net profit attributable to shareholders was -¥16,693,924.14, a decrease of 440.25% compared to the same period last year[2] - The net cash flow from operating activities was -¥8,998,999.62, reflecting a 128.75% decrease year-to-date[2] - Total operating revenue for Q3 2021 was CNY 157.90 million, a decrease of 5.00% from CNY 167.56 million in the same period last year[27] - Net loss for Q3 2021 was CNY 23.94 million, compared to a net loss of CNY 17.46 million in Q3 2020, representing an increase in loss of 37.56%[28] - The total comprehensive loss for the period was CNY -23.94 million, compared to CNY -17.46 million in the same period last year[29] - The company's basic earnings per share were -¥0.0558, a decline of 441.75% compared to the previous year[2] - Basic and diluted earnings per share were both CNY -0.0809, compared to CNY -0.0562 in Q3 2020[29] Assets and Liabilities - Total assets at the end of the reporting period were ¥977,026,586.40, down 9.59% from the previous year[3] - As of September 30, 2021, the company's total assets amounted to 977,026,586.40 RMB, down from 1,080,700,849.96 RMB at the end of 2020, reflecting a decrease of approximately 9.57%[24] - The company's current assets totaled 624,794,266.65 RMB, a decrease of 16.67% from 749,865,171.04 RMB at the end of 2020[25] - The company's total liabilities decreased from 287,837,445.13 RMB to 200,127,963.74 RMB, a reduction of approximately 30.54%[26] - The company's equity attributable to shareholders decreased by 2.70% to ¥771,210,017.01[3] - The company's equity attributable to shareholders of the parent company decreased to CNY 771.21 million from CNY 792.65 million, a decline of 2.00%[27] Cash Flow - The net cash flow from operating activities was -8,998,999.62 CNY, a decrease compared to 31,305,717.01 CNY in the previous period[32] - The net cash flow from investing activities was -21,809,918.70 CNY, significantly lower than 98,381,827.99 CNY in the previous period[32] - The net cash flow from financing activities was -76,711,282.34 CNY, compared to -55,833,172.00 CNY in the previous period[32] - The total cash and cash equivalents at the end of the period were 102,588,922.88 CNY, down from 200,450,389.83 CNY at the end of the previous period[32] - The company reported a significant decrease in cash and cash equivalents, with a net decrease of 107,520,200.66 CNY during the period[32] Shareholder Information - The largest shareholder, Shi Xugang, holds 34.61% of the shares, with 96,761,151 shares pledged[12] - The company has a total of 10 major shareholders, with the top 10 holding a significant portion of the shares, including Beijing Haihou Tai Capital Management Co., Ltd. at 8.00%[12] - The total number of restricted shares held by Shi Xugang is 96,761,151, which will be unlocked on January 1, 2022[15] - The company has undergone a change in control, with Shi Xugang transferring 24,224,500 shares to Xinxiang Industrial Fund No. 1, along with the voting rights for 42,392,844 shares[16] - The company plans to issue up to 90,841,800 shares to Xinxiang Industrial Fund No. 1 as part of the control change agreement[16] - The total number of restricted shares at the end of the period is 97,708,251, with no new restricted shares added during the period[15] - The total number of shares held by the top 10 unrestricted shareholders includes 24,224,500 shares held by Beijing Haihou Tai Capital Management Co., Ltd.[12] - The company has a total of 4,514,110 shares held by shareholder Fan Jiechen, with 4,054,900 shares held by He Shuxin[13] Operational Contracts and Agreements - The company signed a product procurement contract with Xi'an Xiangxun Technology Co., Ltd. worth 165,394,500 RMB, representing 79.31% of the company's audited revenue for 2020[21] - The company entered into a construction contract for the Xinjin Expressway project with a total contract value of 191,580,000 RMB, which includes tax[22] - The company has made agreements regarding the recovery of important receivables and operational performance commitments for 2021-2023[17] - The company received a notice from the Shenzhen Stock Exchange regarding the acceptance of its application to issue shares to specific investors[17] Impairment and Losses - The company reported a 86.19% increase in credit impairment losses, amounting to significant financial strain[9] - The company’s total profit loss increased by 34.04% year-over-year, attributed to credit and asset impairment losses[9] - The company reported a credit impairment loss of CNY -29.86 million, an increase from CNY -16.04 million year-on-year[28] Other Information - The company has not yet sold the six idle properties it approved for disposal, which were authorized for sale at prices not lower than the third-party valuation[20] - The company remains in a state without a controlling shareholder or actual controller, pending approval for the private placement[19] - The company did not undergo an audit for the third quarter report[33] - The company has not applied the new leasing standards for the financial statements[33]