Group 1: Event Details - The company will participate in the "Honest and Trustworthy, Respected Listed Company" event on December 8, 2020 [1] - The event will be held online via the "Panorama Roadshow" platform from 9:00 to 17:00, with interaction time from 15:30 to 17:00 [1] Group 2: Participants - The company's Chairman, General Manager Ms. Ye Ping, CFO Ms. Ma Hongjie, and Board Secretary Ms. Chen Xiang will communicate with investors through text [1] Group 3: Investor Engagement - Investors are encouraged to actively participate in the online event [1]

Financial Performance - Operating revenue for the reporting period was CNY 68,344,083.60, an increase of 25.02% year-on-year [7]. - Net profit attributable to shareholders was CNY 7,907,100.79, a significant increase of 96.20% compared to the same period last year [7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 6,978,995.12, up 104.20% year-on-year [7]. - Basic earnings per share for the reporting period were CNY 0.0236, reflecting a 96.67% increase compared to the same period last year [7]. - Total operating revenue for Q3 2020 reached CNY 68,344,083.60, compared to CNY 54,667,727.12 in the same period last year, indicating a year-on-year growth of approximately 24.8% [38]. - Net profit attributable to the parent company was CNY 8,000,000, up from CNY 6,000,000 in the previous year, representing a growth of 33.3% [39]. - The net profit for Q3 2020 reached CNY 12,207,464.45, compared to CNY 4,828,052.08 in the same period last year, representing a growth of approximately 153% [41]. - The total profit for Q3 2020 was CNY 13,715,241.17, significantly higher than CNY 5,252,731.97 in the prior year [41]. - The company reported a comprehensive income total of CNY 12,207,464.45 for Q3 2020, compared to CNY 4,828,052.08 in the same quarter last year [41]. Cash Flow and Liquidity - Cash flow from operating activities was CNY 6,995,487.18, a decrease of 77.74% compared to the same period last year [7]. - The company experienced a 36.13% decrease in cash and cash equivalents compared to the beginning of the year, primarily due to increased investments in bank wealth management products [15]. - The company's cash and cash equivalents decreased to CNY 97,209,533.65 from CNY 152,208,334.86 at the end of 2019, representing a decline of approximately 36.2% [30]. - The company's cash and cash equivalents decreased to CNY 28,822,771.50 from CNY 75,694,910.53, a decline of approximately 61.9% [34]. - The total cash inflow from operating activities was ¥254,210,829.18, compared to ¥321,325,511.22 in the previous period, reflecting a decrease of approximately 20.9% [55]. - The net cash flow from operating activities for the current period is -16,014,244.85, compared to 38,628,910.88 in the previous period, indicating a significant decline [57]. - The total cash and cash equivalents at the end of the period is 26,978,619.74, a decrease from 118,494,994.35 in the previous period [59]. - The net increase in cash and cash equivalents for the current period is -46,897,139.03, compared to -65,985,992.31 in the previous period, indicating an improvement in cash management [59]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 807,180,895.11, a decrease of 1.04% compared to the end of the previous year [7]. - The company's total assets amounted to CNY 807,180,895.11, a decrease from CNY 815,658,367.81 at the end of 2019 [30]. - The total liabilities decreased to CNY 231,570,759.90 from CNY 242,458,906.07, a reduction of about 4.3% [36]. - Total liabilities amounted to CNY 330,585,484.08, with current liabilities at CNY 328,627,903.66 [64]. - The company reported a total of CNY 166,557,286.40 in contract liabilities, indicating prepayments received from customers [64]. - The company has CNY 104,480,918.28 in inventory, reflecting its stock levels [67]. - The company’s non-current liabilities totaled CNY 1,957,580.42, primarily from deferred income and deferred tax liabilities [64]. Expenses and Investments - Research and development expenses decreased by 9.13 million yuan, a year-on-year decline of 53.70%, mainly due to a reduction in consolidated entities [17]. - Financial expenses increased by 2.32 million yuan, a year-on-year growth of 70.89%, primarily due to decreased interest income from reduced bank deposits [17]. - Research and development expenses for the quarter were CNY 2,728,303.16, down from CNY 6,130,764.05, indicating a decrease of approximately 55.5% [39]. - The company reported a significant increase in investment income, amounting to CNY 5,607,155.03 in Q3 2020, compared to CNY 5,488,645.14 in the previous year [47]. - The company reported investment income of ¥6,454,661.41, down from ¥7,298,032.22 in the previous period, a decrease of about 11.6% [50]. Strategic Adjustments - The company completed a capital increase for its subsidiary, with a new registered capital of CNY 1,099.62 million, up from CNY 1,000.00 million [30]. - The company transferred 1.538% equity of its subsidiary for CNY 2,810,839.5, indicating ongoing strategic adjustments in its investments [30]. - The company plans to use idle funds to purchase financial products, with a maximum amount of 100 million yuan and a term not exceeding one year [21]. Audit and Compliance - The report was not audited, which may affect the reliability of the financial data presented [70]. - The company has not reported any violations regarding external guarantees during the reporting period [25]. - There were no significant changes in the company's cash dividend policy during the reporting period [24].

Financial Performance - The company's operating revenue for the first half of 2020 was ¥67,504,562.92, a decrease of 43.13% compared to ¥118,705,776.46 in the same period last year[19]. - The net profit attributable to shareholders of the listed company increased by 35.75% to ¥8,955,604.77, up from ¥6,597,368.65 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was ¥8,053,053.35, representing a 64.31% increase from ¥4,901,165.33 in the same period last year[19]. - Basic earnings per share rose by 35.53% to ¥0.0267, compared to ¥0.0197 in the same period last year[19]. - Operating profit was 11.91 million, an increase of 39.08% year-on-year[32]. - The company reported a significant increase in investment activities, with an investment amount of ¥68,948,044.67, reflecting a 1,155.52% increase compared to ¥5,491,614.00 in the previous year[48]. - The total comprehensive income for the period was CNY 12,766,391.21, reflecting a significant increase compared to CNY 8,602,804.29 in the first half of 2019[142]. - The total comprehensive income for the first half of 2020 was CNY 12,766,391.21, reflecting a decrease compared to the previous period[155]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥17,915,504.83, a decline of 191.37% compared to ¥19,606,718.13 in the previous year[19]. - The net increase in cash and cash equivalents was -¥85,248,296.50, reflecting a decline of 775.97% from an increase of ¥12,611,164.67 in the same period last year[37]. - The cash flow from operating activities showed a net outflow of CNY -17,915,504.83, contrasting with a net inflow of CNY 19,606,718.13 in the previous year[144]. - The total cash and cash equivalents at the end of the period decreased to 59,273,426.33 CNY from 196,200,311.60 CNY, reflecting a decline of approximately 69.8%[148]. - The company incurred a total operating cash outflow of CNY 127,292,506.77, slightly up from CNY 126,197,602.26 in the first half of 2019[147]. Assets and Liabilities - Total assets at the end of the reporting period were ¥752,297,590.62, a decrease of 7.77% from ¥815,658,367.81 at the end of the previous year[19]. - The company's total liabilities decreased to CNY 274,549,737.75 from CNY 330,585,484.08, reflecting a reduction of about 17%[130]. - The company's total equity decreased to CNY 477,747,852.87 from CNY 485,072,883.73, a decline of approximately 1.7%[130]. - The company's total assets amounted to CNY 691,716,856.47, a slight decrease from CNY 703,713,202.78 at the end of 2019[134]. - The total liabilities at the end of the first half of 2020 were CNY 335,000,000, consistent with the previous period[156]. Investment and Capital Management - The company is committed to improving asset management and economic efficiency by adjusting investment strategies and enhancing project management[33]. - The company has approved the use of idle funds up to 500 million RMB for low-risk short-term financial products, with a maximum investment in trust products capped at 300 million RMB[100]. - The company is adjusting its investment strategy to focus on lower-risk, short-term financial products to enhance capital preservation and returns[63]. - The company has maintained a consistent approach to capital management, with no significant changes in the capital structure reported[153]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements and performance forecasts[5]. - The company faces risks from market competition, particularly due to the integration of information products into a unified bidding system by major clients like State Grid[61]. - There is a risk of core technical talent loss due to the divestiture of subsidiaries, which may impact future R&D capabilities[63]. - The company extracted a general risk reserve of 20,100,000 yuan during the reporting period, indicating a proactive approach to risk management[152]. Shareholder Information - The company has not distributed cash dividends or bonus shares for the half-year period[68]. - The company approved a cash dividend of CNY 0.30 per 10 shares, totaling CNY 10.05 million, based on a total share capital of 335 million shares as of December 31, 2019[95]. - The company’s major shareholders include five individuals holding over 5% of shares, with significant transactions involving share transfers totaling CNY 283.18 million and CNY 184.25 million[96][98]. - The company has no ongoing significant related party debts or other major transactions reported[81][83]. Operational Efficiency - The company is focusing on optimizing asset structure and has completed the deregistration of a wholly-owned subsidiary and the transfer of equity in an associate[33]. - The company is actively enhancing its talent management and training systems to foster long-term development[34]. - The company plans to focus on improving operational efficiency and cost management in the upcoming quarters[157]. Compliance and Accounting - The financial statements are prepared based on the accrual basis of accounting, ensuring compliance with the relevant accounting standards[164]. - The company adheres to the enterprise accounting standards, ensuring that its financial reports accurately reflect its financial position and operating results[165]. - The company has changed its accounting policy to comply with new revenue recognition standards effective from January 1, 2020, with no significant impact expected on financial results[101].

深圳海联讯科技股份有限公司 2020 年第一季度报告全文 深圳海联讯科技股份有限公司 2020 年第一季度报告 2020 年 04 月 1 深圳海联讯科技股份有限公司 2020 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)袁宗国声明：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 2020 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） | 23,361,219.05 | 38,112,779.08 | -38.71% | | 归属于上市公司股东的净利润（元） | 3,264,366.68 | 1,86 ...

Financial Performance - The company's operating revenue for 2019 was CNY 327,630,091.46, representing a 24.04% increase compared to CNY 264,132,231.75 in 2018[15]. - The net profit attributable to shareholders for 2019 was CNY 10,835,146.21, a 35.13% increase from CNY 8,018,257.15 in 2018[15]. - The net cash flow from operating activities reached CNY 91,038,451.40, showing a significant increase of 309.52% compared to CNY 22,230,533.36 in 2018[15]. - The basic earnings per share for 2019 was CNY 0.0323, up 35.15% from CNY 0.0239 in 2018[15]. - Total assets at the end of 2019 amounted to CNY 815,658,367.81, reflecting a 6.52% increase from CNY 765,767,352.09 at the end of 2018[15]. - The net profit margin for 2019 was approximately 2.0%, down from 3.0% in 2018, indicating a decline in profitability[197]. - The net profit for the year was CNY 14,841,397.13, an increase of 35.5% compared to CNY 10,963,533.03 in the previous year[198]. - The operating profit rose to CNY 18,147,875.75, up from CNY 11,853,266.70, reflecting a growth of 53.5%[198]. - The total profit for the year was CNY 17,919,042.06, an increase of 51.5% from CNY 11,813,248.51[198]. Asset Management - The net assets attributable to shareholders decreased by 1.99% to CNY 469,233,357.39 at the end of 2019 from CNY 478,767,565.06 at the end of 2018[15]. - The company disposed of equity in subsidiaries Guangzhou Shengzhuo and Shandong Hailianxun to optimize asset structure and enhance operational efficiency[26]. - The total amount of trade financial assets increased by 64.21% to ¥282,843,397.20, attributed to higher investments in bank wealth management products[53]. - The total amount of investments at the end of the period reached 290,496,328, sourced from self-owned funds[60]. - The company completed the transfer of 100% equity in its wholly-owned subsidiary Guangzhou Shengzhuo in December 2019, losing control and removing it from the consolidation scope[43]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.3 per 10 shares, based on a total of 335,000,000 shares[4]. - The company distributed a cash dividend of RMB 0.30 per 10 shares, totaling RMB 10,050,000, which accounted for 100% of the total profit distribution[81]. - For the year 2019, the proposed cash dividend is RMB 0.30 per 10 shares, amounting to RMB 10,050,000, pending shareholder approval[84]. - In 2019, the cash dividend payout ratio was 92.75% of the net profit attributable to ordinary shareholders[85]. Research and Development - The total amount of R&D investment was ¥23,325,941.31, with 138 R&D personnel, accounting for 53.91% of the workforce[47]. - Research and development (R&D) expenses decreased by 8.53% to ¥23,325,941.31, representing 7.12% of total revenue, down from 9.65% in the previous year[47]. - The company emphasizes the importance of technological advancement and plans to increase R&D investment to maintain competitiveness[76]. Risk Management - The company has disclosed potential risks in its future development outlook, urging investors to be aware of these risks[4]. - The company aims to strengthen its internal control system and ensure compliance with relevant laws and regulations to mitigate operational risks[73]. - The company has faced talent retention risks, with some management and core technical personnel leaving, which could impact future development if not addressed[74]. Corporate Governance - The company has established independent financial and internal audit departments to ensure sound financial management practices[163]. - The company has a dedicated communication channel for investor relations, enhancing transparency and engagement with shareholders[159]. - The board includes independent directors who bring external perspectives and governance oversight to the company[143]. - The company has not faced any penalties from regulatory authorities for its directors, supervisors, or senior management in the past three years[147]. Market Position and Strategy - The company focuses on providing comprehensive solutions for the power informationization sector, catering to the needs of major clients like the State Grid[27]. - The company aims to leverage the growing demand for power information technology solutions, with the State Grid investing around 12 billion annually in information and communication projects, which may increase under the new strategic goals[71]. - The company plans to focus on becoming a leading demand-driven enterprise in the power information sector, providing comprehensive solutions and gradually diversifying its business[72]. - The company anticipates challenges due to structural and cyclical economic pressures, which may affect long-term development if timely adjustments are not made[72]. Financial Health - The company's total liabilities amounted to CNY 330,585,484.08 in 2019, up from CNY 273,422,825.48 in 2018, representing a growth of 21.0%[191]. - Current liabilities rose to CNY 328,627,903.66 in 2019, compared to CNY 271,470,006.12 in 2018, indicating a significant increase of 21.1%[191]. - The company's cash and cash equivalents decreased significantly to CNY 75,694,910.53 in 2019 from CNY 185,704,121.56 in 2018, a drop of 59.3%[193]. Shareholder Structure - The largest shareholder, Hangzhou Jintou, holds 99,830,000 shares, accounting for 29.80% of the total share capital[117]. - The company does not have a controlling shareholder or actual controller, with no single investor holding more than 30% of voting rights[130]. - The total number of shareholders increased to 16,402 by the end of the reporting period, up from 14,314 previously[127]. Internal Controls and Auditing - The internal audit department conducted a thorough evaluation of the company's internal control system, issuing a self-assessment report for 2019[163]. - The audit opinion issued by the auditing firm was a standard unqualified opinion, confirming that the financial statements fairly reflect the company's financial position and operating results[178]. - The company maintained effective internal controls related to financial reporting as of December 31, 2019, with no significant deficiencies identified[174].

Financial Performance - Net profit attributable to shareholders increased significantly by 1,673.48% year-on-year, amounting to CNY 4.03 million for the reporting period[8] - Operating revenue for the reporting period was CNY 54.67 million, a decrease of 7.28% compared to the same period last year[8] - Basic earnings per share for the reporting period were CNY 0.0120, reflecting an increase of 1,614.29% year-on-year[8] - Operating revenue increased by 57.34 million yuan, a year-on-year growth of 49.41%, mainly due to an increase in project acceptance and revenue recognition[18] - Operating costs rose by 37.67 million yuan, a year-on-year increase of 40.99%, primarily attributed to the increase in revenue[18] - Total operating revenue for Q3 2019 was CNY 54,667,727.12, a decrease of 7.8% from CNY 58,959,793.31 in the same period last year[39] - Net profit for Q3 2019 was CNY 4,828,052.08, compared to a net loss of CNY 1,669,758.58 in Q3 2018, marking a significant turnaround[40] - Earnings per share for Q3 2019 were CNY 0.0120, up from CNY 0.0007 in the same quarter last year[41] - The company achieved a gross profit margin of approximately 2.0% in Q3 2019, compared to a negative margin in Q3 2018[39] - The total comprehensive income for the period was ¥11,850,868.28, a significant improvement from a comprehensive loss of ¥6,603,538.89 in Q3 2018[48] Cash Flow and Investments - The net cash flow from operating activities for the year-to-date period was CNY 51.04 million, representing a substantial increase of 663.85%[8] - Cash paid for various taxes increased by 6.96 million yuan, a year-on-year increase of 119.48%, primarily due to increased VAT payments[20] - Cash received from investment activities decreased by 22.09 million yuan, a year-on-year decline of 77.84%, mainly due to a reduction in the recovery of matured financial products[20] - Operating cash inflow for the period was CNY 321,325,511.22, an increase from CNY 253,429,765.09 in the previous period, reflecting a growth of approximately 26.7%[55] - Net cash flow from operating activities was CNY 51,039,830.74, a significant improvement compared to a net outflow of CNY -9,052,041.34 in the previous period[55] - Cash outflow from investing activities totaled CNY 98,196,047.57, compared to CNY 11,190,764.82 in the previous period, indicating a substantial increase in investment expenditures[56] - Net cash flow from investing activities was CNY -91,901,631.82, a decline from a positive cash flow of CNY 17,581,687.92 in the previous period[56] - Cash inflow from financing activities was CNY 2,600,000.00, up from CNY 490,000.00 in the previous period, showing an increase in financing efforts[56] - The ending cash and cash equivalents balance was CNY 135,693,600.95, down from CNY 324,320,703.35 in the previous period, reflecting a decrease of approximately 58.1%[56] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 778.69 million, an increase of 1.69% compared to the end of the previous year[8] - Total current assets increased to CNY 739,314,832.52 as of September 30, 2019, compared to CNY 723,369,279.27 at the end of 2018, reflecting a growth of approximately 2.6%[29] - Total liabilities rose to CNY 298,269,259.31 from CNY 273,422,825.48, an increase of approximately 9.1%[31] - Total equity decreased to CNY 480,417,678.28 from CNY 492,344,526.61, reflecting a decline of about 2.1%[32] - The company reported a total non-current asset value of CNY 39,372,105.07, down from CNY 42,398,072.82, indicating a decline of about 7.2%[30] - The company’s total current liabilities increased to CNY 296,316,439.95 from CNY 271,470,006.12, reflecting a rise of about 9.1%[31] - The total liabilities to equity ratio stands at approximately 0.55, indicating a moderate level of leverage[65] - The company’s total current liabilities represent approximately 35.4% of total assets, reflecting a significant short-term obligation[64] Shareholder Information - The company had a total of 13,352 common shareholders at the end of the reporting period[12] - The top ten shareholders held a combined 73.67% of the company's shares, with the largest shareholder owning 29.85%[12] Operational Changes - The company completed the deregistration of its subsidiary Shanghai Zhixiao Network Technology Co., Ltd. to improve operational efficiency in the Fujian region[22] - The company’s subsidiary Fuzhou Hailianxun Technology Co., Ltd. expanded its business scope to include various technology services and consulting[22] Research and Development - Research and development expenses were CNY 6,130,764.05, a decrease of 8.1% from CNY 6,671,423.44 in Q3 2018[39] - Research and development expenses were ¥17,006,077.60, slightly down from ¥18,440,004.56 in the previous year, indicating a focus on cost management[45] Taxation - Tax expenses increased by 1.06 million yuan, a year-on-year growth of 117.32%, mainly due to an increase in deferred tax asset reversals[19] - Tax expenses for the quarter amounted to ¥1,955,347.54, compared to ¥899,750.32 in the previous year, reflecting increased profitability[47] Other Financial Metrics - Other comprehensive income decreased by 1.31 million yuan, a year-on-year decline of 53.88%, mainly due to the repayment of receivables advanced by shareholders[15] - The company reported an investment income of CNY 3,046,345.48 for the quarter, with no comparable figure from the previous year[39] - The company reported an investment income of ¥5,488,645.14, contributing positively to the overall profit[47] Compliance and Standards - The third quarter report has not been audited[71] - The company has implemented new financial instrument standards or new lease standards since 2019, with retrospective adjustments to prior comparative data[71] - The company reported a total of 34 in the relevant financial metrics, indicating a specific performance measure[72]

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].

Financial Performance - Total revenue for Q1 2019 reached ¥38,112,779.08, a significant increase of 146.79% compared to ¥15,443,097.19 in the same period last year[7] - Net profit attributable to shareholders was ¥1,860,083.01, marking a turnaround from a loss of ¥2,101,950.41 in the previous year, representing an increase of 188.49%[7] - Net profit after deducting non-recurring gains and losses was ¥1,192,048.25, compared to a loss of ¥3,135,354.68 last year, reflecting a growth of 138.02%[7] - Basic earnings per share rose to ¥0.0056 from a loss of ¥0.0063, an increase of 188.89%[7] - The company achieved operating revenue of ¥38,112,779.08, representing a year-on-year increase of 146.79%[19] - Net profit attributable to shareholders was ¥1,860,083.01, a year-on-year growth of 188.49%, marking a turnaround from loss to profit[19] - The net profit for Q1 2019 was ¥514,130.67, a turnaround from a net loss of ¥4,883,959.00 in the previous year[43] - The net profit for Q1 2019 was CNY 3,447,675.33, a significant increase from CNY 888,849.50 in the same period last year, representing a growth of approximately 287%[48] - Operating profit for Q1 2019 reached CNY 3,793,001.22, compared to CNY 1,192,586.34 in Q1 2018, indicating an increase of about 218%[48] - The total comprehensive income for Q1 2019 was CNY 3,447,675.33, compared to CNY 888,849.50 in the previous year, indicating a growth of approximately 287%[48] Cash Flow and Assets - Operating cash flow improved significantly to ¥24,420,753.44, a 241.85% increase from a negative cash flow of ¥17,218,374.99 in the previous year[7] - Cash received from sales of goods and services increased by ¥37,613,400, a year-on-year growth of 44.83%, primarily due to increased collection of accounts receivable[17] - Cash paid for various taxes increased by ¥3,941,900, a year-on-year increase of 149.28%, mainly due to the payment of tax liabilities from the previous period[17] - The company reported a significant increase in cash paid for investment activities, which rose by ¥5,235,700, a year-on-year increase of 8,140.05%, due to the purchase of non-principal guaranteed financial products[17] - Cash flow from operating activities generated a net amount of CNY 24,420,753.44, a turnaround from a negative cash flow of CNY -17,218,374.99 in the previous year[52] - Cash and cash equivalents increased to CNY 235,560,093.20 from CNY 199,313,834.15, reflecting a growth of about 18.2%[32] - Cash and cash equivalents at the end of the period totaled CNY 234,659,227.88, compared to CNY 303,507,139.30 at the end of the previous year, showing a decrease of approximately 23%[52] - The net increase in cash and cash equivalents for the first quarter was ¥27,002,155.64, compared to a decrease of ¥28,731,227.35 in the previous year[56] - The ending balance of cash and cash equivalents was ¥211,483,142.30, down from ¥256,118,919.67 in the previous year[56] Balance Sheet and Assets - Total assets at the end of the reporting period were ¥772,360,697.56, a slight increase of 0.86% from ¥765,767,352.09 at the end of the previous year[7] - As of March 31, 2019, the total current assets amounted to CNY 731,790,918.76, a slight increase from CNY 723,369,279.27 at the end of 2018, representing a growth of approximately 1.8%[32][33] - The company reported a total asset value of CNY 772,360,697.56, up from CNY 765,767,352.09, indicating an increase of approximately 0.7%[35] - The total liabilities as of March 31, 2019, were CNY 279,502,040.28, up from CNY 273,422,825.48, marking an increase of approximately 2.5%[34] - The total equity attributable to shareholders increased to CNY 480,627,648.06 from CNY 478,767,565.06, reflecting a growth of about 0.4%[35] - The total liabilities decreased slightly to ¥314,981,706.19 from ¥315,990,738.97 year-over-year[40] - The total equity increased to ¥481,579,653.39 from ¥478,131,978.06, reflecting a growth of approximately 0.5%[40] - The total non-current assets decreased to CNY 40,569,778.80 from CNY 42,398,072.82, indicating a decline of approximately 4.3%[33] Operational Changes and Challenges - The company reported a decrease in accounts receivable by ¥29,419,000, a decline of 30.36% year-on-year, primarily due to the collection of receivables[14] - The company’s short-term borrowings increased by ¥2,600,000, attributed to bank loans received by subsidiaries during the reporting period[14] - Prepayments increased by ¥46,802,700, a rise of 32.67% year-on-year, due to an increase in uncompleted project prepayments[14] - Sales expenses rose by ¥740,900, a 37.24% increase compared to the previous year, mainly due to higher employee compensation and business entertainment expenses[15] - The company is facing market competition risks as major clients implement centralized procurement policies, increasing the pressure on pricing and service quality[20] - The company plans to enhance its service and resource integration capabilities to strengthen market competitiveness[19] - The company has fully provided for impairment losses related to its subsidiary, which has accumulated losses of ¥2,981,100[24] - The company is actively working on improving its talent acquisition and retention strategies to mitigate risks associated with talent turnover[22] Research and Development - Research and development expenses for the quarter were ¥5,186,072.48, slightly down from ¥5,743,072.29 year-over-year[41] - The company reported an investment income of ¥936,129.39, with no comparable figure from the previous year[41] Audit and Compliance - The company did not undergo an audit for the first quarter report[57]

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]