深圳海联讯科技股份有限公司 2019 年第三季度报告全文 深圳海联讯科技股份有限公司 2019 年第三季度报告 2019 年 10 月 1 深圳海联讯科技股份有限公司 2019 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人王天青、主管会计工作负责人马红杰及会计机构负责人(会计主 管人员)张小平声明：保证季度报告中财务报表的真实、准确、完整。 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 778,686,937.59 | 765,767,352.09 | | 1.69% | | 归属于上市公司股东的净资产 （元） | 467,989,311.72 | 478,767,565.06 | | -2.25% | | | 本报告期 | 本报告期比上年同 ...

Financial Performance - Total revenue for the first half of 2019 reached RMB 118,705,776.46, representing a 107.97% increase compared to RMB 57,077,504.45 in the same period last year[18]. - Net profit attributable to shareholders was RMB 6,597,368.65, a significant increase of 492.44% from a loss of RMB 1,681,133.43 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was RMB 4,901,165.33, up 258.58% from a loss of RMB 3,090,690.11 in the same period last year[18]. - Operating cash flow net amount was RMB 19,606,718.13, improving by 211.68% from a negative cash flow of RMB 17,556,045.98 in the previous year[18]. - Basic earnings per share increased to RMB 0.0197, compared to a loss of RMB 0.0050 per share in the same period last year, marking a 494.00% improvement[18]. - Operating profit reached ¥8,565,267.96, up 291.70% compared to the same period last year[31]. - The company reported a cash flow from operating activities of ¥19,606,718.13, a 211.68% increase from the previous year[35]. - The company reported a net profit for the first half of 2019 of ¥7,022,816.20, compared to a net loss of ¥4,933,780.31 in the first half of 2018, marking a turnaround[120]. - The total comprehensive income for the first half of 2019 was approximately 8.60 million, compared to 1.78 million in the same period of 2018, indicating a growth of 384.5%[125]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 722,817,063.28, a decrease of 5.61% from RMB 765,767,352.09 at the end of the previous year[18]. - Net assets attributable to shareholders decreased by 2.82% to RMB 465,264,933.71 from RMB 478,767,565.06 at the end of the previous year[18]. - The company's total liabilities decreased to RMB 245,509,720.47, down 10.2% from RMB 273,422,825.48 at the end of 2018[112]. - The total equity attributable to shareholders decreased to RMB 465,264,933.71, a decline of 2.6% from RMB 478,767,565.06 at the end of 2018[112]. - Cash and cash equivalents at the end of the reporting period were ¥210,682,198.19, accounting for 29.15% of total assets, an increase of 12.60% from the previous year[40]. - Accounts receivable decreased to ¥52,972,197.61, representing 7.33% of total assets, down by 3.96% year-on-year[40]. - Inventory increased to ¥175,925,046.40, making up 24.34% of total assets, an increase of 4.50% compared to the previous year[40]. - The company's total liabilities decreased from ¥315,990,738.97 in the previous period to ¥294,627,560.46 in the current period[117]. - The total equity of the company was ¥466,634,782.35, slightly down from ¥478,131,978.06 in the previous period[117]. Business Operations - The company expanded its business scope to include software development for information networks and system integration services[17]. - The company has developed multiple proprietary software products, including 4 patents and 107 copyrights, enhancing its market position[27]. - The company implemented improved management systems to enhance operational efficiency and reduce procurement costs[31]. - The company plans to enhance its service and resource integration capabilities to improve market competitiveness in response to increasing market competition[50]. - The company aims to actively explore new business areas based on market demand to maintain competitive advantages[53]. - The company is focused on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[136]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[5]. - The total number of ordinary shareholders at the end of the reporting period was 14,600[94]. - The largest shareholder, Shenzhen Pangu Tiandi Industrial Investment Co., Ltd., holds 29.85% of the shares, totaling 99,986,315 shares[95]. - The second-largest shareholder, Zhang Feng, holds 17.13% of the shares, totaling 57,396,780 shares[95]. - The company did not conduct any repurchase transactions among its top shareholders during the reporting period[96]. - The company has not issued any preferred shares during the reporting period[99]. Risks and Challenges - The company is facing risks related to market competition, operational management, technology, and new business development, which may impact its profitability[51][52][53]. - The company emphasizes the importance of talent retention and recruitment to ensure sustainable development[54]. - The company has not encountered any major litigation or arbitration matters during the reporting period[63]. Financial Reporting and Compliance - The company’s half-year financial report has not been audited[60]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring accurate financial reporting[154]. - The financial statements were approved by the board of directors on August 27, 2019[149]. - The company has no significant doubts regarding its ability to continue as a going concern for the next 12 months[153]. Research and Development - Research and development investment amounted to ¥10,875,313.55, a decrease of 7.60% compared to the previous year[34]. - Research and development expenses for the first half of 2019 were ¥10,875,313.55, a decrease of 7.6% from ¥11,769,879.62 in the first half of 2018[120].

深圳海联讯科技股份有限公司 2019 年第一季度报告全文 深圳海联讯科技股份有限公司 2019 年第一季度报告 2019 年 04 月 1 深圳海联讯科技股份有限公司 2019 年第一季度报告全文 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。 公司负责人王天青、主管会计工作负责人马红杰及会计机构负责人(会计主 管人员)张小平声明：保证季度报告中财务报表的真实、准确、完整。 2 深圳海联讯科技股份有限公司 2019 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业总收入（元） | 38,112,779.08 | 15,443,097.19 | 146.79% | | 归属于上市公司股东的净利润（元） | 1,860,083.01 | -2,1 ...

Financial Performance - The company's operating revenue for 2018 was ¥264,132,231.75, a decrease of 11.30% compared to ¥297,771,589.29 in 2017[16] - The net profit attributable to shareholders for 2018 was ¥8,018,257.15, an increase of 32.46% from ¥6,053,322.39 in 2017[16] - The net cash flow from operating activities increased by 34.59% to ¥22,230,533.36 in 2018, compared to ¥16,517,247.18 in 2017[16] - Basic earnings per share for 2018 were ¥0.0239, up 32.04% from ¥0.0181 in 2017[16] - Total assets at the end of 2018 reached ¥765,767,352.09, reflecting a 12.98% increase from ¥677,805,079.88 at the end of 2017[16] - The company's net assets attributable to shareholders were ¥478,767,565.06 at the end of 2018, a slight increase of 0.63% from ¥475,774,305.73 in 2017[16] - Total operating costs for 2018 were CNY 201,773,815.10, a decrease of 12.41% from CNY 230,360,640.13 in 2017[43] - Operating profit reached 11.85 million yuan, reflecting a 25.45% increase from the previous year[30] - Total profit amounted to 11.81 million yuan, up 28.14% compared to the previous year[30] Revenue Breakdown - Revenue from the computer application service industry accounted for 99.09% of total revenue, totaling CNY 261,717,196.55, down 11.37% year-over-year[37] - System integration revenue was CNY 188,181,728.45, representing 71.25% of total revenue, with a year-over-year decline of 13.09%[37] - The gross profit margin for the computer application service industry improved slightly to 22.90%, despite a revenue decrease of 11.37%[40] Cash Dividends - The company plans to distribute a cash dividend of ¥0.60 per 10 shares, based on a total of 335,000,000 shares[5] - The cash dividend for 2018 represents 250.68% of the net profit attributable to the company's ordinary shareholders[78] - The cash dividend for 2017 was RMB 5,025,000, which was 83.01% of the net profit attributable to ordinary shareholders[78] - The cash dividend for 2016 was RMB 16,750,000, accounting for 64.12% of the net profit attributable to ordinary shareholders[78] - The company has maintained a cash dividend payout ratio of at least 80% during its mature development stage[76] Research and Development - Research and development expenses increased by 1.77% to CNY 25,500,179.77 in 2018[49] - R&D investment amounted to ¥25,500,179.77 in 2018, representing 9.65% of operating revenue, an increase from 8.41% in 2017[50] - The number of R&D personnel decreased to 139, accounting for 54.51% of total staff, down from 62.45% in 2017[50] - Research and development expenses increased by 30% to 150 million RMB, focusing on innovative technologies in the communication sector[125] Market Strategy and Risks - The company aims to become a leading demand-driven enterprise in the domestic power informationization sector, focusing on comprehensive solutions[64] - In 2019, the company plans to optimize business details and strengthen strategic cooperation with clients and suppliers to enhance profitability[65] - The company faces intensified market competition due to centralized procurement policies from major clients, requiring strategic adjustments[66] - The company recognizes potential risks in management, technology, and new business development, emphasizing the need for timely responses[68] Subsidiaries and Investments - The company established Fuzhou Hailianxun Technology Co., Ltd. in January 2018, with a registered capital of CNY 8 million, and included it in the consolidated financial statements[45] - The company invested CNY 10 million to set up wholly-owned subsidiaries in Hangzhou and Tangshan to enhance local service quality[62] - The company established a new subsidiary, Fuzhou Hailianxun Technology Co., Ltd., impacting net profit by CNY 82,479.94[62] Shareholder Structure - The total number of shares for the dividend calculation is 335,000,000[76] - The largest shareholder, Shenzhen Pangu Tiandi Investment Co., Ltd., holds 99,986,315 shares, which is 29.85% of the total[119] - The second-largest shareholder, Zhang Feng, holds 59,396,780 shares, representing 17.73%[119] - The company has a diverse shareholder structure with no single investor holding more than 30% of voting rights[121] Internal Controls and Governance - The company has established a comprehensive internal control system, evaluated through a self-assessment report for 2018[156] - The company’s board of directors has established a remuneration decision-making process based on industry standards and the company's operational performance[139] - The company strictly adheres to information disclosure regulations, ensuring timely and accurate communication with investors[152] - The company has maintained a good integrity status, with no significant debts or court judgments unfulfilled by its major shareholders[91] Audit and Compliance - The company reported a standard unqualified audit opinion for the financial statements as of December 31, 2018[172] - There were no major deficiencies or important deficiencies in financial reporting identified during the internal control evaluation[167] - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[82] Employee and Management Structure - The total number of employees in the company is 255, with 29 in the parent company and 226 in major subsidiaries[142] - The company has 139 technical personnel, accounting for 54.5% of the total workforce[142] - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to RMB 2.3732 million, a decrease of 15.59% compared to RMB 2.8115 million in the previous year[139]

Financial Performance - Operating revenue for the reporting period was CNY 58,959,793.31, an increase of 27.40% year-on-year[8] - Net profit attributable to shareholders was CNY 227,249.49, a decrease of 91.69% compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 103,856.94, down 96.22% year-on-year[8] - The basic earnings per share for the reporting period was CNY 0.0007, a decrease of 91.46% compared to the same period last year[8] - The weighted average return on net assets was 0.05%, a decrease of 0.54% compared to the previous year[8] - The company's net profit for the period was impacted by increased operating costs, leading to a tighter profit margin[38] - The net profit for the third quarter was CNY 2,520,013.22, down from CNY 5,162,092.09 year-over-year, indicating a decline of about 51.2%[45] - The total profit for the quarter was CNY 2,778,454.61, down from CNY 5,687,506.88, indicating a decline of about 51.1%[44] - The total profit for the third quarter was CNY 4,881,956.10, compared to CNY 6,427,565.27 in the same period last year, reflecting a decline of about 24.1%[52] Cash Flow - The company reported a net cash flow from operating activities of CNY -9,052,041.34, a decrease of 58.55% year-on-year[8] - Cash received from operating activities decreased by ¥18.99 million, a year-on-year decline of 70.47%, primarily due to a reduction in recovered deposits[19] - The cash flow from operating activities showed a net outflow of CNY -9,052,041.34, an improvement compared to CNY -21,836,523.85 in the previous year[53] - The net cash flow from operating activities for the current period is ¥5,663,003.19, compared to a net outflow of ¥29,229,323.35 in the previous period, indicating a significant improvement[57] - The total cash inflow from investment activities is ¥28,747,033.30, while the cash outflow is ¥11,047,394.87, resulting in a net cash flow of ¥17,699,638.43 from investment activities[58] - The net cash flow from financing activities is -¥5,024,997.82, reflecting a decrease compared to -¥17,773,393.33 in the previous period[59] Assets and Liabilities - Total assets at the end of the reporting period were CNY 662,233,338.62, a decrease of 2.30% compared to the end of the previous year[8] - The company’s intangible assets decreased by ¥0.99 million, a year-on-year decline of 33.67%, primarily due to amortization[16] - Total assets decreased to CNY 732,317,828.22 from CNY 745,489,578.18, a decline of 1.8%[36] - Total liabilities decreased to CNY 253,837,896.73 from CNY 266,282,517.94, reflecting a reduction of 4.7%[36] Shareholder Information - The total number of shareholders at the end of the reporting period was 16,101[12] - The largest shareholder, Shenzhen Pangu Tiandi Industrial Investment Co., Ltd., held 29.85% of the shares[12] Government Subsidies and Other Income - The company received government subsidies totaling CNY 1,549,000.00 during the reporting period[9] - Other income increased by ¥1.53 million, a year-on-year growth of 8505.56%, mainly due to an increase in government subsidies received[18] Inventory and Receivables - Accounts receivable decreased by ¥65.20 million, a year-on-year decline of 49.56%, mainly due to the maturity of bank acceptance bills and better collection of payments[16] - Prepayments increased by ¥29.25 million, a year-on-year growth of 127.37%, primarily due to increased inventory preparation[16] - Inventory rose by ¥31.36 million, a year-on-year increase of 32.90%, attributed to increased stock and unfinished projects at the end of the reporting period[16] Research and Development - Research and development expenses for the quarter were CNY 2,401,604.72, slightly down from CNY 2,494,274.61, indicating a decrease of about 3.7%[43] - The research and development expenses for the third quarter were CNY 7,104,597.33, down from CNY 8,330,744.02, indicating a decrease of approximately 14.8% year-over-year[51] Future Outlook - The company anticipates a potential net loss for the year 2018 due to market economic conditions and industry competition[25] - The company plans to focus on expanding its market presence and investing in new technologies to drive future growth[38] Subsidiaries - The company established wholly-owned subsidiaries in Hangzhou and Tangshan, with the registration completed on October 19, 2018[22]

Financial Performance - Total revenue for the first half of 2018 was ¥57,077,504.45, a decrease of 19.86% compared to ¥71,222,965.35 in the same period last year[17]. - Net profit attributable to shareholders was a loss of ¥1,681,133.43, an improvement of 73.78% from a loss of ¥6,411,258.27 in the previous year[17]. - Basic and diluted earnings per share were both -¥0.0050, showing a 73.82% improvement from -¥0.0191 in the previous year[17]. - Operating profit was reported at -¥4,468,130.65, a reduction in losses by 62.13% year-on-year[30]. - The company reported a net profit loss of approximately 299,059.32 CNY from the establishment of Fuzhou Hailianxun Technology Co., Ltd. during the reporting period[52]. - The company anticipates a significant decline in profitability due to macroeconomic fluctuations and increased competition in the power industry, which may adversely affect future earnings[53]. - Total operating revenue decreased to CNY 57,077,504.45 from CNY 71,222,965.35, representing a decline of approximately 19.9%[121]. - Net profit for the period was CNY -4,933,780.31, compared to CNY -12,095,248.36 in the previous period, showing an improvement of approximately 59.1%[121]. Cash Flow and Liquidity - Net cash flow from operating activities improved to -¥17,556,045.98, a 51.08% increase compared to -¥35,889,992.19 in the same period last year[17]. - Cash inflow from operating activities totaled CNY 159,525,039.20, slightly up from CNY 155,738,633.47 in the prior period[129]. - The company reported a net cash outflow from operating activities of CNY -21,168,726.08, improving from CNY -46,944,382.02 in the previous period[133]. - The ending balance of cash and cash equivalents was CNY 302,742,816.43, a decrease from CNY 290,984,832.21 in the previous period[130]. - The company reported a total cash balance of 108,340,896.43 yuan at the end of the period, compared to 102,959,487.47 yuan at the beginning of the period, indicating an increase[200]. - Bank deposits amounted to 73,162,982.53 yuan, up from 38,108,478.28 yuan at the start of the period, reflecting a significant growth in liquidity[200]. Assets and Liabilities - Total assets at the end of the reporting period were ¥654,706,530.67, down 3.41% from ¥677,805,079.88 at the end of the previous year[17]. - Cash and cash equivalents decreased by 9.58% to ¥108,340,896.43, accounting for 16.55% of total assets compared to 26.13% in the previous year[38]. - Accounts receivable decreased by 4.49% to ¥73,943,728.13, representing 11.29% of total assets, down from 15.78% year-on-year[38]. - Inventory increased by 3.66% to ¥129,886,283.11, now making up 19.84% of total assets, compared to 16.18% in the previous year[38]. - Total liabilities decreased from CNY 191,889,088.48 to CNY 178,259,317.40, a reduction of about 7.1%[113]. - The company's equity attributable to shareholders decreased from CNY 475,774,305.73 to CNY 469,068,174.48, a decline of approximately 1.4%[114]. Investments and Subsidiaries - The company established a new subsidiary, Fuzhou Hailianxun Technology Co., Ltd., with a registered capital of RMB 8 million, holding a 51% stake[88]. - The company has included a total of 8 subsidiaries in the consolidated financial statements, with the addition of one new subsidiary, Fuzhou Hailianxun Technology Co., Ltd.[148]. - Major subsidiaries contributed over 10% to the company's net profit, with specific financial details available for analysis[49]. Corporate Governance and Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company has a participation rate of 58.66% in the second temporary shareholders' meeting held on July 19, 2018[57]. - The company is committed to maintaining stable development and maximizing shareholder value through improved corporate governance[54]. - The total number of ordinary shareholders at the end of the reporting period was 17,698[95]. - The largest shareholder, Shenzhen Pangu Tiandi Industrial Investment Co., Ltd., holds 29.85% of the shares, totaling 99,986,315 shares, which are pledged[95]. Risks and Challenges - The company faced various operational risks, which are detailed in the report[4]. - The company emphasizes the importance of understanding the differences between plans, forecasts, and commitments, urging investors to be aware of associated risks[4]. - The company faced risks related to stock price volatility influenced by various external factors, including economic cycles and investor sentiment[54]. Research and Development - Research and development investment amounted to ¥11,769,879.62, a slight decrease of 3.21% from the previous year[33]. - The company is focusing on developing new profit growth points while solidifying its main business operations[53]. Accounting and Financial Reporting - The financial report for the first half of 2018 was not audited, indicating a potential area of concern for investors[109]. - The financial statements are prepared based on the accrual basis of accounting, in accordance with the accounting standards issued by the Ministry of Finance[149]. - The company confirms that there are no significant doubts regarding its ability to continue as a going concern for the next 12 months[151].

2018 年第一季度报告 深圳海联讯科技股份有限公司 2018 年第一季度报告全文 深圳海联讯科技股份有限公司 公司负责人王天青、主管会计工作负责人马红杰及会计机构负责人(会计主 管人员)张小平声明：保证季度报告中财务报表的真实、准确、完整。 2018 年 04 月 1 深圳海联讯科技股份有限公司 2018 年第一季度报告全文 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。 2 深圳海联讯科技股份有限公司 2018 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业总收入（元） | 15,443,097.19 | 27,602,166.57 | -44.05% | | 归属于上市公司股东的净利润（元） | -2,101,950.41 | -1, ...

Financial Performance - The company's operating revenue for 2017 was CNY 297,771,589.29, a decrease of 6.52% compared to CNY 318,540,493.17 in 2016[15]. - The net profit attributable to shareholders for 2017 was CNY 6,053,322.39, representing a significant decline of 76.83% from CNY 26,120,981.57 in the previous year[15]. - The net cash flow from operating activities decreased by 61.92% to CNY 16,517,247.18, down from CNY 43,371,881.58 in 2016[15]. - Basic earnings per share for 2017 were CNY 0.0181, a drop of 76.79% compared to CNY 0.0780 in 2016[15]. - Operating profit was CNY 9.45 million, down 57.77% year-on-year, while total profit decreased by 67.22% to CNY 9.22 million[29]. - The company achieved a significant increase of 526.38% in net profit after deducting non-recurring gains and losses, amounting to CNY 4,194,941.84 in 2017[15]. - The company reported a net profit of RMB 6,053,322.39 for 2017, with a significant increase in the cash dividend payout ratio compared to 2016[71]. Assets and Liabilities - The total assets at the end of 2017 were CNY 677,805,079.88, showing a slight increase of 0.73% from CNY 672,896,322.09 at the end of 2016[15]. - The net assets attributable to shareholders decreased by 2.28% to CNY 475,774,305.73 from CNY 486,853,722.55 in 2016[15]. - Current liabilities totaled RMB 185,294,066.81, compared to RMB 132,475,192.27 at the beginning of the year, marking an increase of about 39.9%[179]. - The company’s total liabilities increased to RMB 185,294,066.81, up from RMB 132,475,192.27, indicating a rise of approximately 39.9%[179]. Revenue Sources - Revenue from the computer application service industry accounted for 99.17% of total revenue, totaling ¥295,286,743.99, down 5.71% year-over-year[34]. - The system integration segment generated ¥216,525,517.60, representing 72.72% of total revenue, with a year-over-year decline of 10.20%[34]. - The company’s revenue from the Central South region increased by 102.04% year-over-year, totaling ¥75,676,231.09[34]. Cash Flow and Investments - Operating cash inflow decreased by 2.29% to CNY 400.13 million, while cash outflow increased by 4.77% to CNY 383.62 million, resulting in a net cash flow from operating activities of CNY 16.52 million, down 61.92% year-on-year[45]. - Investment cash inflow decreased by 1.17% to CNY 66.01 million, while cash outflow surged by 128.69% to CNY 22.67 million, leading to a net cash flow from investing activities of CNY 43.34 million, down 23.80% year-on-year[46]. - Financing cash inflow dropped by 100% to CNY 0 due to no financing activities, while cash outflow increased by 255.51% to CNY 18.65 million, resulting in a net cash flow from financing activities of -CNY 18.65 million[46]. Dividends - The company plans to distribute a cash dividend of CNY 0.15 per 10 shares, based on a total of 335,000,000 shares[4]. - In 2016, the company distributed a cash dividend of RMB 0.5 per 10 shares, totaling RMB 16,750,000, which accounted for 64.12% of the net profit attributable to ordinary shareholders[71]. - In 2017, the cash dividend was reduced to RMB 0.15 per 10 shares, amounting to RMB 5,025,000, representing 83.01% of the net profit attributable to ordinary shareholders[71]. Management and Governance - The company has a strong management and sales team, built over nearly two decades of experience in the electric power informationization business[58]. - The company aims to leverage its management team's expertise to drive future growth and market expansion[133]. - The company has established a sound corporate governance structure in compliance with relevant laws and regulations, ensuring no significant discrepancies with the guidelines set by the China Securities Regulatory Commission[145]. - The board of directors consists of 5 members, including 2 independent directors, meeting the requirements of the Company Law and relevant regulations[147]. Risks and Challenges - The company faces risks from policy changes in the power industry that could impact revenue and profitability[62]. - Increased market competition may lead to reduced gross margins in integration services if market share is not simultaneously improved[63]. Employee and Talent Management - The company has implemented a salary policy combining base pay and performance-based pay to enhance employee motivation and growth[141]. - The company has established a comprehensive employee training system to improve overall competitiveness and professional skills[142]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to RMB 2.8115 million, an increase of 12.48% compared to RMB 2.4996 million in the previous year[136]. Audit and Compliance - The company’s financial report received a standard unqualified audit opinion from the auditing firm, indicating no issues with the financial statements[166]. - The internal audit department has conducted a review of the internal control management system, issuing a self-evaluation report for 2017[149]. - The Audit Committee reviewed the company's internal control system and found it compliant with regulations, with no significant deficiencies reported during the year[155].

Financial Performance - Operating revenue increased by 35.13% to CNY 46,278,978.73 for the current period[7] - Net profit attributable to shareholders increased by 157.66% to CNY 2,735,751.16 for the current period[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 148.33% to CNY 2,746,797.67[7] - Basic earnings per share rose by 157.75% to CNY 0.0082[7] - Operating profit for the current period was ¥726,939.04, a significant recovery from a loss of ¥5,296,955.06 in the previous period[37] - Net profit for the current period was ¥143,235.41, compared to a net loss of ¥4,947,183.26 in the previous period, marking a turnaround[37] - The net profit attributable to the parent company's shareholders was ¥2,735,751.16, recovering from a loss of ¥4,744,805.05 in the previous period[38] - The company recorded a net profit of ¥5,162,092.09 for the current period, compared to a net loss of ¥5,333,004.30 in the previous period, showing a significant improvement[42] - The net profit for the current period was CNY 5,571,704.50, a significant improvement from a net loss of CNY 16,811,793.76 in the previous period[49] - The total profit for the current period was CNY 6,427,565.27, compared to a loss of CNY 16,432,366.20 in the previous period[49] Cash Flow - Cash flow from operating activities showed a significant negative change, with a net cash outflow of CNY 21,836,523.85, a decrease of 437.97%[7] - Cash received from operating activities decreased by 26.22 million yuan, a year-on-year decrease of 49.32%, mainly due to a reduction in the recovery of deposits during the reporting period[17] - The cash flow from operating activities showed a net outflow of CNY 21,836,523.85, worsening from a net outflow of CNY 4,059,036.08 in the previous period[52] - The net cash flow from operating activities was -29,229,323.35 CNY, compared to -7,562,428.87 CNY in the previous period, indicating a decline in operational performance[54] - The cash flow from financing activities showed a net outflow of -17,773,393.33 CNY, compared to -2,819,041.36 CNY in the previous period, reflecting increased financial strain[55] - The cash flow from operating activities decreased by approximately 12.14% compared to the previous period, reflecting challenges in maintaining operational efficiency[54] Assets and Liabilities - Total assets decreased by 7.24% to CNY 624,169,721.56 compared to the end of the previous year[7] - Current assets decreased from CNY 584,873,941.85 to CNY 566,411,600.47, a reduction of about 3.0%[28] - Total liabilities decreased from CNY 178,467,689.81 to CNY 158,443,102.23, a decrease of about 11.2%[30] - The company's equity attributable to shareholders decreased from CNY 486,853,722.55 to CNY 466,428,215.44, a decline of approximately 4.2%[31] - The total current liabilities decreased from CNY 173,676,685.26 to CNY 153,652,097.68, a reduction of about 11.5%[30] - The non-current assets decreased from CNY 88,022,380.24 to CNY 57,758,121.09, representing a decline of about 34.3%[29] Receivables and Payables - Accounts receivable decreased by 39.41% to CNY 51,156,200, indicating improved collection of receivables[15] - Accounts receivable decreased from CNY 129,816,324.69 to CNY 78,660,083.23, a decline of about 39.4%[28] - Accounts payable decreased by 23.64 million yuan, a year-on-year decrease of 36.25%, mainly due to payments for last year's purchases during the reporting period[16] - The company reported a significant decrease in other receivables from CNY 48,442,639.90 to CNY 10,189,249.60, a decline of approximately 78.9%[28] Inventory and Costs - Inventory increased by 53.16% to CNY 34,452,600, attributed to unfinished projects[15] - Inventory rose from CNY 64,804,102.59 to CNY 99,256,741.79, indicating an increase of approximately 53.2%[28] - Operating costs increased by 28.96 million yuan, a year-on-year increase of 42.19%, primarily due to revenue growth and a decline in gross margin due to intense competition[16] - Total operating costs amounted to ¥45,552,039.69, up from ¥40,545,331.97 in the previous period, indicating an increase of about 12.4%[36] Financial Management - Financial expenses decreased by 4.92 million yuan, a year-on-year decrease of 221.71%, mainly due to increased returns from idle fund investments[16] - The financial expenses for the current period were reported as CNY -6,728,587.68, compared to CNY -1,406,108.55 in the previous period, indicating a significant change in financial management[48] Company Strategy and Outlook - The company warns that due to ongoing intense industry competition, there is a possibility of a cumulative net loss for the year 2017 compared to the previous year[22] - The company has terminated the implementation of the 2017 restricted stock incentive plan due to high costs and difficulties in achieving expected incentive effects[20]

Client Dependence and Market Risks - The company reported a significant reliance on the State Grid and its subsidiaries as major clients, indicating potential risks if national policies change, which could impact revenue and profitability [5]. - The company faces risks related to policy changes that could impact the electric power industry and its information technology demands [57]. - The company is also exposed to market competition risks, which may affect its market share and profitability if it fails to maintain its competitive advantages [57]. Financial Performance - The company achieved total operating revenue of ¥71,222,965.35, representing a 24.06% increase compared to the same period last year [34]. - The net profit attributable to shareholders was -¥6,411,258.27, a reduction in losses by 52.53% year-on-year [34]. - The net cash flow from operating activities was -¥35,889,992.19, which is an 8.55% increase in losses compared to the previous year [34]. - The revenue from system integration business accounted for 74.61% of total revenue, with a year-on-year growth of 22.52% [34]. - Software development and sales revenue represented 12.64% of total revenue, with a significant year-on-year increase of 100% [34]. - The revenue from technical and consulting services accounted for 12.26% of total revenue, showing a decrease of 25.92% compared to the previous year [34]. - The company's total assets decreased by 9.51% to ¥608,888,793.13 compared to the end of the previous year [34]. - The net assets attributable to shareholders decreased by 4.76% to ¥463,692,464.28 compared to the end of the previous year [34]. Operational Management and Strategy - The company plans to enhance its operational management by transferring its power information business to subsidiaries, necessitating improved coordination and resource integration capabilities [7]. - The company is closely monitoring the development trends in the power industry and adapting its strategies to align with national policies [5]. - The report emphasizes the importance of maintaining competitive advantages and brand effects to prevent market share erosion [6]. - The company is implementing organizational restructuring and management optimization to control costs and stabilize business operations amid competitive pressures [6]. - The company continues to strengthen its core competitiveness and deepen cooperation with industry clients, leading to steady revenue growth and reduced losses [28]. Shareholder and Dividend Information - No cash dividends or stock bonuses will be distributed to shareholders for this period, indicating a focus on reinvestment [8]. - The company has not distributed cash dividends or bonus shares for the half-year period [61]. - The company distributed a cash dividend of RMB 0.5 per 10 shares, totaling RMB 16.75 million for the 2016 fiscal year [85]. Cash Flow and Liquidity - The company reported a significant increase in cash flow from investing activities, amounting to ¥65,526,306.55, compared to -¥2,497,960.74 in the previous year, reflecting a recovery of fixed asset disposal funds [38]. - The total cash and cash equivalents increased by 133.02% to ¥11,862,921.03, compared to a decrease of -¥35,929,119.40 in the previous year [38]. - The company's cash and cash equivalents at the end of the reporting period were ¥159,108,437.81, accounting for 26.13% of total assets, up from 24.15% in the previous year [41]. - The company’s cash and cash equivalents at the end of the period totaled ¥159,108,437.81, an increase of 128.78% compared to the beginning of the period [200]. - Bank deposits increased from ¥12,897,516.88 at the beginning of the period to ¥24,185,522.69 at the end, reflecting strong liquidity [200]. - Other monetary funds rose significantly from ¥56,632,941.02 to ¥134,905,881.52, indicating effective cash management strategies [200]. Research and Development - The company has accumulated 10 patents and 95 software copyrights, reflecting its commitment to research and development [31]. - Research and development expenses slightly decreased by 2.44% to ¥12,160,741.51, compared to ¥12,465,416.18 in the previous year [37]. Corporate Governance and Compliance - The financial report is guaranteed to be true, accurate, and complete by the company's management, ensuring accountability [3]. - The company has not reported any changes in its registered address or contact information during the reporting period, maintaining consistency in its operations [20]. - The half-year financial report has not been audited [63]. - The company has no significant litigation or arbitration matters during the reporting period [66]. - There are no penalties or rectification situations reported for the company during the reporting period [67]. - The company has no major related party transactions during the reporting period [71]. Strategic Initiatives - The company plans to implement a restricted stock incentive plan, granting 5,485,000 shares to key personnel to enhance talent retention and motivation [35]. - The company is actively pursuing strategic partnerships and acquisitions to enhance its service offerings and market reach [53]. - The company aims to expand its market presence through new product development and technology consulting services [52]. Accounting and Financial Reporting - The financial statements are prepared based on the accrual basis of accounting, in accordance with the accounting standards issued by the Ministry of Finance [147]. - The company confirms that there are no significant doubts regarding its ability to continue as a going concern for the next 12 months [148]. - The financial statements comply with the requirements of the accounting standards, reflecting the company's financial position, operating results, and cash flows accurately [149]. - The company uses Renminbi as its functional currency for accounting purposes [152]. - The company consolidates all subsidiaries under its control in the consolidated financial statements, following the equity method for long-term investments [154].