Financial Performance - The company reported a total revenue of CNY 279,761.40 million for 2020, a decrease of 15.97% year-on-year, with the second half showing a revenue increase of 60.17% compared to the first half[6]. - The total profit for the year was CNY -123,459.10 million, representing a decline of 483.91% year-on-year, while the net profit attributable to the parent company was CNY -124,538.70 million, down 581.51%[6]. - The company's revenue for 2020 was ¥2,797,614,020.70, a decrease of 15.97% compared to ¥3,329,393,828.36 in 2019[28]. - The net profit attributable to shareholders for 2020 was -¥1,245,387,043.79, representing a decline of 581.51% from a profit of ¥258,641,760.54 in 2019[28]. - The net cash flow from operating activities was ¥165,751,535.18, down 74.88% from ¥659,860,570.98 in the previous year[28]. - The total assets at the end of 2020 were ¥6,667,659,572.90, a decrease of 16.19% from ¥7,955,305,718.96 at the end of 2019[28]. - The basic earnings per share for 2020 was -¥0.7280, compared to ¥0.1512 in 2019, marking a decline of 581.48%[28]. - The weighted average return on net assets was -27.22% in 2020, down 32.35% from 5.13% in 2019[28]. - The net assets attributable to shareholders decreased by 23.04% to ¥4,040,458,216.40 at the end of 2020 from ¥5,250,136,296.29 at the end of 2019[28]. - The company reported a significant drop in net profit after deducting non-recurring gains and losses, with a net profit of -¥1,278,992,301.38 in 2020 compared to ¥230,972,152.93 in 2019, a decline of 653.74%[28]. Impairments and Expenses - The company recognized a significant goodwill impairment of CNY 96,212.67 million due to the impact of COVID-19 on its subsidiary, Taihao Intelligent[6]. - Long-term equity investments were impaired by CNY 7,256.02 million, reflecting the poor performance of invested companies due to the pandemic[6]. - The company incurred equity incentive expenses totaling CNY 8,253.72 million as of December 31, 2020[6]. - The company reported a significant asset impairment loss of ¥1,064,701,482.29, which constituted 86.24% of total profit[135]. - The company recognized impairment losses of CNY 72.56 million on long-term equity investments due to the impact of the pandemic[83]. Business Strategy and Focus - The company is focusing on digitalization, intelligence, and information technology, with plans to invest in artificial intelligence, cloud computing, big data, and integrated circuits[8]. - The company aims to leverage its core technologies and product systems to drive business development in defense and digital city services[9]. - The company emphasizes a differentiated competitive business model, integrating military and civilian sectors while pursuing both organic and external growth strategies[6]. - The company is focusing on industry digitalization, data intelligence, and security trust as part of its product development strategy[38]. - The company plans to enhance its embedded system testing and electronic component testing capabilities to strengthen its position in the defense and military sectors[44]. - The company aims to expand its business applications in national defense and digital city services, maintaining stable development amid economic challenges[43]. - The company has established a pandemic response mechanism to mitigate the impact of COVID-19 on operations, including supply chain optimization and prioritizing project development[173]. Research and Development - R&D investment accounted for 9.59% of operating revenue in 2020, with key projects including noise reduction equipment and smart city data analysis platforms[92]. - The company has several R&D projects in progress, including a new generation of communication equipment and a wireless broadband communication self-organizing network product, both at the upgrade stage[120]. - The company completed multiple projects in 2020, including the global spatiotemporal grid management software and the Beidou-3 ZC search and rescue application demonstration project[120]. - The company aims to maintain its leading position in the domestic market through continuous investment in R&D and the development of advanced technologies[120]. - Increased R&D investment is planned to enhance innovation and develop competitive products, supported by national policies[182]. Market Position and Competitive Advantage - The company maintained a leading market position with three self-developed products recognized by the Beijing government as new technologies[72]. - The company has established strategic partnerships with industry leaders to enhance product integration and market development[71]. - The company is a leading provider of integrated solutions for new digital city planning, leveraging big data and cloud computing to enhance urban management and operational efficiency[171]. - The company has accumulated extensive experience in providing customized embedded products and services for national defense and military applications[168]. - The company is positioned in a rapidly growing military equipment industry, with expected demand growth over the next 5 to 10 years due to national defense strategies and modernization efforts[167]. Governance and Compliance - The company has committed to avoiding or reducing related party transactions during the period as a shareholder[197]. - The actual controller and shareholders have strictly adhered to their commitments regarding related transactions, with no violations reported by the end of the reporting period[197]. - The company has established a performance compensation arrangement to ensure accountability and alignment with shareholder interests[199]. - The company has reiterated its dedication to transparency and compliance with regulatory requirements in its operations[199]. - The company has maintained strict adherence to its commitments throughout the reporting period, reflecting a strong governance framework[199].

Financial Performance - Operating revenue for the period was CNY 649,135,723.35, a decline of 35.19% year-on-year[7] - Net profit attributable to shareholders was a loss of CNY 14,486,660.85, representing a decrease of 116.56% compared to the same period last year[7] - Basic earnings per share were -CNY 0.0085, down 116.73% from the previous year[7] - The company reported a significant decline in net profit for the reporting period due to project delays caused by the ongoing COVID-19 pandemic[38] - Total operating revenue for the current period is ¥649,135,723.35, a decrease of 35.2% from ¥1,001,545,644.70 in the previous period[58] - Net profit for the current period is a loss of ¥14,370,696.97, compared to a profit of ¥86,005,730.70 in the previous period, representing a significant decline[60] - Operating profit for the current period is a loss of ¥15,278,382.63, compared to a profit of ¥93,049,475.84 in the previous period[60] - Total operating revenue decreased to ¥1,724,446,692.69 from ¥2,229,928,293.40, representing a decline of approximately 22.7% year-over-year[69] - Net profit for the period was a loss of ¥48,784,042.20, compared to a profit of ¥236,512,444.52 in the previous period, indicating a significant decline[71] - Operating profit turned negative at ¥-41,428,816.94, down from ¥265,039,330.12 in the prior period[71] Assets and Liabilities - Total assets decreased by 4.90% to CNY 7,565,585,762.97 compared to the end of the previous year[7] - The company's cash and cash equivalents decreased from 2,086,495,288.10 yuan at the end of 2019 to 1,544,163,434.40 yuan by September 30, 2020, a decline of approximately 26%[48] - The company's total current assets decreased from 4,322,503,499.67 yuan at the end of 2019 to 3,955,965,449.75 yuan by September 30, 2020, a decline of about 8.5%[48] - Total liabilities decreased from CNY 2,605,797,703.48 to CNY 2,367,249,606.28, a reduction of approximately 9.1%[50] - The company's equity attributable to shareholders decreased from CNY 5,250,136,296.29 to CNY 5,111,325,813.45, a decline of approximately 2.6%[52] - Total assets amounted to CNY 7,955,305,718.96, with current assets at CNY 4,322,503,499.67 and non-current assets at CNY 3,632,802,219.29[93] - Total liabilities reached CNY 485,177,877.46, with current liabilities at CNY 484,792,619.10 and non-current liabilities at CNY 385,258.36[100] Cash Flow - The net cash flow from operating activities was CNY 43,825,871.67, an increase of 10.18% year-on-year[7] - The net cash flow from operating activities decreased by 135.66%, from CNY 107.64 million to CNY -38.38 million, primarily due to increased payments for goods and project costs[23] - The net cash flow from operating activities was -38,384,944.04, a decrease from 107,641,054.96 in the previous period, indicating a significant decline in operational performance[81] - Total cash inflow from operating activities amounted to 2,735,547,703.22, compared to 2,350,584,288.10 in the previous period, reflecting a year-over-year increase of approximately 16.4%[81] - Cash outflow from operating activities totaled 2,773,932,647.26, up from 2,242,943,233.14, representing an increase of about 23.6%[81] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 59,477[11] - The largest shareholder, Chen Jiangtao, held 32.57% of the shares, amounting to 570,995,475 shares[11] - As of October 21, 2020, the actual controller, Mr. Chen Jiangtao, holds 558,995,475 shares, representing 31.89% of the total share capital[33] Government Support and Investments - The company received government subsidies amounting to CNY 13,203,957.38 during the reporting period[9] - The company reported a 63.54% increase in non-operating income, rising from CNY 6.41 million to CNY 10.49 million, mainly due to increased government subsidies[23] - The company approved a capital increase of 25 million yuan for Beijing Ruijitongda Technology Co., Ltd., acquiring a 10% stake[31] Operational Changes and Future Plans - The company is actively pursuing negotiations for the acquisition of Hefei Ruicheng, with ongoing communication with shareholders and potential investors[24] - The company plans to continue its market expansion and strategic acquisitions to enhance its business operations and growth potential[24] - The company plans to focus on market expansion and new product development to improve future performance[72] Research and Development - Development expenditures surged by 79.69%, from CNY 23.56 million to CNY 42.34 million, driven by increased R&D investments in smart city and smart tax projects[21] - Research and development expenses for the current period are ¥54,557,666.63, a decrease of 14.1% from ¥63,537,937.46 in the previous period[60] - Research and development expenses increased to ¥169,237,648.55 from ¥161,661,269.61, reflecting a growth of approximately 4.5% year-over-year[69] Miscellaneous - The company did not engage in any repurchase transactions during the reporting period[14] - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[43] - The company did not implement any cash dividend policy during the reporting period[41] - The company has not reported any new product developments or market expansions in this earnings call[62] - The company has not undergone an audit for the third quarter report[102]

2020 年 08 月 北京旋极信息技术股份有限公司 2020 年半年度报告全文 1 北京旋极信息技术股份有限公司 2020 年半年度报告 北京旋极信息技术股份有限公司 2020 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准确、完整，不存在 虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 公司负责人姜平、主管会计工作负责人张之阳及会计机构负责人(会计主管人员)张丽英声明：保证本 半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本半年度报告涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者的实质承诺，敬请投资者 注意投资风险。 公司相关风险提示详见"第四节、九 公司面临的风险和应对措施"。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | 第一节 | 重要提示、目录和释义 | 2 | | --- | --- | --- | | 第二节 | 公司简介和主要财务指标 | 7 | | 第三节 | 公司业务概要 | 10 | | 第四节 | 经营情况讨论与分析 | 17 | ...

Financial Performance - The company reported a revenue of 1.5 billion RMB for the first half of 2019, representing a year-on-year increase of 20%[1] - The net profit attributable to shareholders was 300 million RMB, up 15% compared to the same period last year[1] - Total revenue for the first half of 2019 was CNY 1,228,382,648.70, a decrease of 27.21% compared to the same period last year[22] - Net profit attributable to shareholders was CNY 138,566,475.14, down 43.25% year-on-year[22] - Basic and diluted earnings per share were both CNY 0.0801, down 43.67% from CNY 0.1448 in the previous year[22] - The weighted average return on equity decreased to 2.77%, down from 4.96% in the same period last year[22] - The company achieved total revenue of RMB 1,228,382,648.70, a decrease of 27.21% compared to the previous year[71] - The net profit attributable to shareholders was RMB 138,566,500, a decrease of 43.25% year-on-year[62] User Growth and Market Expansion - User data showed an increase in active users by 25%, reaching 2 million active users by the end of June 2019[1] - The company plans to expand its market presence in Southeast Asia, targeting a 30% growth in that region by the end of 2020[1] - The company aims to continuously innovate in technology, products, and services to stabilize market presence and maintain profit levels[36] - The company plans to focus on smart defense, smart cities, tax informationization, and spatiotemporal big data applications for future growth[64] Research and Development - The company has allocated 200 million RMB for research and development in new technologies for the upcoming fiscal year[1] - Total R&D investment increased by 28.52% to ¥98,123,332.15, reflecting a focus on developing new business models[76] - The company has achieved significant technological innovation in areas such as embedded systems, spatiotemporal information integration, and information security, continuously launching new products and services[48] Strategic Initiatives - A strategic acquisition of a local tech firm is in progress, which is expected to enhance the company's capabilities in artificial intelligence[1] - The company has established strategic partnerships with Tencent, Baidu, and Huawei to enhance its smart city initiatives[58] - The company is actively involved in smart city projects, leveraging IoT, cloud computing, and big data technologies to provide dynamic decision support and refined management services[37] Financial Management and Investments - The company does not plan to distribute cash dividends for the current fiscal year, focusing instead on reinvestment for growth[1] - The company has increased short-term loans to RMB 555,031.39 million, up from RMB 234,940.00 million, reflecting a 136.00% increase due to business needs[86] - The company reported a cash balance of RMB 641,234,395.59 in unused raised funds as of June 30, 2019[108] - The company has ongoing projects with a total commitment of RMB 77,500.00 million, with RMB 31,153.63 million invested to date, representing 40.14% of the total commitment[98] Legal and Compliance Issues - There are ongoing significant litigation matters, with a case involving infringement of a patent valued at 40 million yuan (approximately 5.7 million USD) currently in court proceedings[135] - The company is actively involved in litigation regarding claims of unpaid project funds amounting to 2.33 million yuan (approximately 330,000 USD)[139] - The company acknowledges the adverse effects of the audit report issued by Lixin Accounting Firm and is taking measures to recover occupied funds from its controlling shareholder[132] Shareholder and Stock Management - The company did not distribute cash dividends or bonus shares for the half-year period[124] - The company plans to repurchase shares with a total amount between RMB 200 million and RMB 500 million, with a maximum price of RMB 21 per share[183] - The company's registered capital decreased to RMB 1,710,802,595.00 after the share repurchase[188] - The controlling shareholder, Chen Jiangtao, has pledged 535,355,663 shares, accounting for 93.76% of his holdings and 31.29% of the company's total shares[195] Operational Challenges - The company faces risks related to market competition and regulatory changes, which are being actively monitored and managed[1] - The tax informationization business faced revenue declines due to policy changes affecting over 300,000 taxpayers, but the company is adapting by developing low-cost tax control systems[35] - The company has seen a 2.17% decrease in equity assets due to the repurchase and cancellation of restricted stock, and a 1.91% decrease in fixed assets primarily due to accumulated depreciation[46]

Financial Performance - The company's operating revenue for 2019 was CNY 3,329,393,828, representing a decrease of 13.75% compared to CNY 3,855,143,392 in 2018 [22]. - Net profit attributable to shareholders for 2019 was CNY 258,641,760.54, a significant increase of 486.22% from CNY 50,617,502.86 in 2018 [22]. - The net profit after deducting non-recurring gains and losses was CNY 230,972,152.93, up 673.76% from CNY 37,650,432.67 in 2018 [22]. - The net cash flow from operating activities for 2019 was CNY 659,860,570.98, a remarkable increase of 1,095.77% compared to a negative cash flow in 2018 [22]. - Basic earnings per share increased to 0.1512 CNY, a 490.63% increase compared to the same period last year [24]. - Diluted earnings per share rose to 0.1503 CNY, reflecting a 487.11% year-over-year growth [24]. - Total assets decreased by 2.28% year-over-year, amounting to 7,955,305,718 CNY at the end of the reporting period [24]. - Net assets attributable to shareholders increased by 7.41% year-over-year, reaching 5,250,136,296 CNY [24]. - The company achieved a total operating revenue of ¥3,329,393,828.36 in 2019, a decrease of 13.75% compared to ¥3,859,957,922.70 in 2018 [76]. - The net profit attributable to shareholders reached ¥25,864.18 million, an increase of 486.22% from ¥4,412.06 million in the previous year [76]. - The total profit for the period was ¥32,158.69 million, reflecting a significant increase of 115.67% compared to ¥14,911.09 million in 2018 [76]. Dividend Distribution - The company plans to distribute a cash dividend of 0.45 yuan per 10 shares to all shareholders, based on a total of 1,753,014,595 shares [6]. - For the year 2019, the company proposed a cash dividend of 0.45 yuan per 10 shares, totaling 78,885,656.78 yuan, which represents 30.50% of the net profit attributable to shareholders [195]. - The cash dividend amount for 2019 is 78,885,656.78 yuan, which accounts for 100% of the total profit distribution [194]. - The company did not distribute any cash dividends in 2018, maintaining a focus on operational stability [195]. - The cash dividend policy aligns with the company's articles of association and shareholder resolutions [191]. - The company has a history of cash dividend distribution, with the most recent being in 2019 after a gap in 2018 [199]. Strategic Development - The company has undergone a restructuring project involving Hefei Ruicheng Industrial Investment Co., Ltd., which is a significant part of its strategic development [11]. - The company is actively pursuing market expansion through strategic partnerships and investments in technology firms [11]. - The company aims to expand its market presence through strategic partnerships and technological innovations [15]. - The company is committed to sustainable development and ecological civilization through innovative energy solutions [15]. - The company is focused on developing new technologies and products in the fields of smart cities and health management systems [15]. - The company aims to enhance its market share in the defense industry by increasing investment in core technologies and key products, in line with the national military-civilian integration strategy [52]. - The company is committed to implementing a military-civilian integration development strategy, promoting technological innovation applications to support military and civilian construction [159]. - The company recognizes the potential of military-civilian integration as a national strategy, which could provide significant growth opportunities in both defense and civilian markets [158]. Innovation and Technology - The company has reported a commitment to innovation in new product development, particularly in the fields of embedded systems and avionics [11]. - The company is leveraging big data and cloud computing to enhance its service offerings and operational efficiency [15]. - The company is actively researching high-speed information transmission and 5G technology applications, aiming to create new business growth points [40]. - The company is focusing on enhancing its competitive edge through increased R&D in smart defense and information security sectors [102]. - The company plans to develop a "service + product + cloud platform" ecosystem for tax services, continuously innovating to expand its market share in tax information services [167]. - The company aims to leverage its core technologies to develop new products and services in emerging fields such as IoT, digital twins, and blockchain [180]. - The company is committed to improving its governance capabilities by refining its internal control and performance evaluation systems [186]. Market Presence and Competition - The company continues to expand its market presence in military and civilian information technology sectors, focusing on embedded system testing and smart city solutions [35]. - The company has established a comprehensive service network covering major military regions, ensuring effective technical support and customer service [62]. - The company faces intense market competition, requiring high levels of investment in innovation to maintain product quality and differentiation [173]. - The company operates in a rapidly developing industry supported by national policies, with minimal risk of adverse policy changes affecting its operations [176]. - The smart city market in China is projected to reach a scale of 25 trillion yuan by 2023, with an average annual growth rate of approximately 33.38% from 2019 to 2023 [168]. Research and Development - Research and development (R&D) expenses increased by 13.95% to ¥194,261,257.31, driven by increased investment in R&D [97]. - R&D investment for 2019 amounted to ¥229,742,532.94, which is 6.90% of the operating revenue, up from 4.42% in 2018 [101]. - The number of R&D personnel was 1,181, making up 31.72% of the total workforce [101]. - The company is currently developing several projects, including a new generation of high-speed avionics bus products and a radar data processing platform, with various stages of progress [100]. - The company has capitalized R&D expenditures amounting to ¥35,481,275.63, which is 15.44% of total R&D investment [101]. Risk Management - The company acknowledges various risks associated with its operations and has outlined measures to mitigate these risks in its annual report [6]. - The company emphasizes that forward-looking statements regarding future plans and strategies do not constitute a commitment to investors, highlighting the importance of investment risk awareness [5].

Financial Performance - Operating revenue for the reporting period was CNY 1,001,545,644.70, representing a 17.90% increase year-on-year[7] - Net profit attributable to shareholders decreased by 14.94% to CNY 87,500,747.00 compared to the same period last year[7] - Net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 13.25% to CNY 86,377,957.08 compared to the same period last year[7] - Basic earnings per share decreased by 15.33% to CNY 0.0508 compared to the same period last year[7] - The weighted average return on net assets was 1.75%, a decrease of 0.26% compared to the same period last year[7] - Total operating revenue for Q3 2019 reached ¥1,001,545,644.70, an increase from ¥849,458,903.72 in the previous period[65] - Net profit for Q3 2019 was ¥86,005,730.70, a decrease from ¥105,238,531.98 in the same period last year[67] - Basic and diluted earnings per share were both CNY 0.1310, down from CNY 0.2024 in the same quarter last year[77] - The company reported a total profit of CNY 267,161,832.42, a decrease of 40.4% from CNY 447,972,616.72 year-on-year[76] - The total comprehensive income for Q3 2019 was ¥87,403,463.68, down from ¥107,323,278.06 in the previous year[68] Assets and Liabilities - Total assets at the end of the reporting period decreased by 4.01% to CNY 7,814,683,545.73 compared to the end of the previous year[7] - The company's total liabilities decreased from CNY 3,184,006,646.88 in Q2 2018 to CNY 2,561,364,554.90 in Q3 2019, a decline of about 19.5%[58] - The company's total current assets decreased from CNY 5,390,507,334.23 in Q2 2018 to CNY 5,055,910,534.86 in Q3 2019, a decline of about 6.2%[57] - The company's cash and cash equivalents decreased from CNY 1,080,740,432.03 in Q2 2018 to CNY 864,274,087.81 in Q3 2019, a decline of approximately 20%[59] - Total liabilities amounted to CNY 3,184,006,646.88, with non-current liabilities at CNY 73,273,269.02[97] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 107,641,054.96, a decrease of 120.45% compared to the same period last year[7] - The net cash flow from operating activities improved by 120.45%, moving from a negative RMB 526,420,859.80 to RMB 107,641,054.96 due to the return of occupied funds and increased sales receipts[21] - The net cash flow from operating activities for Q3 2019 was CNY 107,641,054.96, a significant improvement from a negative cash flow of CNY 526,420,859.80 in the same period last year[86] - Investment activities generated a net cash flow of CNY 52,504,239.15 in Q3 2019, compared to a negative cash flow of CNY 562,502,935.93 in Q3 2018[87] - The net cash flow from financing activities was -425,582,935.20 CNY, which is a decline from -157,208,031.74 CNY in the previous year[91] Shareholder Information - The total number of shareholders at the end of the reporting period was 56,172[12] - The total number of restricted shares at the end of the period was 649,023,416, with a decrease of 6,969,394 shares due to the release of some shares[17] - The controlling shareholder has reduced his holdings by 16,550,001 shares, representing 0.97% of the total share capital, as of August 8, 2019[37] - The controlling shareholder's shares were judicially frozen, totaling 30 million shares, which is 5.25% of his holdings and 1.75% of the total share capital[35] Investments and Acquisitions - The company plans to purchase 100% equity of Beijing Taihao Intelligent Technology Co., Ltd. for 83.49 million yuan, with an initial deposit of 10 million yuan[32] - The company established a wholly-owned subsidiary, Xuanji Fuxi (Fuzhou) Big Data Technology Co., Ltd., with an investment of RMB 60 million, holding a 100% stake[43] - The company is facing significant risks in the acquisition of Hefei Ruicheng due to the termination of the exclusivity period and the return of the deposit[22] Research and Development - Research and development expenses rose by 39.00% from RMB 116,301,878.50 to RMB 161,661,269.61, reflecting increased investment in smart defense and information security sectors[20] - Research and development expenses increased to CNY 161,661,269.61, up from CNY 116,301,878.50, reflecting a focus on innovation[75] Financial Adjustments and Errors - The company has corrected prior accounting errors affecting the consolidated balance sheet and profit statement for multiple periods[30] - The company recognized a CNY 10,000,000.00 impairment provision for previously available-for-sale financial assets[98] - The company adjusted the bad debt provision, increasing it by CNY 111,456.95, impacting deferred tax assets positively by CNY 16,718.54[103] Miscellaneous - The company received a government subsidy of RMB 6 million after completing 10% of its registered capital contribution[43] - The third quarter report was not audited[105]

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the year, representing a growth of 15% compared to the previous year[3]. - The company's operating revenue for 2018 was ¥3,859,957,922.70, representing a 16.95% increase compared to ¥3,300,462,752.09 in 2017[22]. - The total revenue for 2018 was CNY 3,859,957,922.70, representing a year-on-year increase of 16.95% compared to CNY 3,300,462,752.09 in 2017[71]. - The total profit for the year was 14,911.09 million yuan, a decrease of 76.29% from 62,881.42 million yuan in the previous year, primarily due to a goodwill impairment provision of 32,160.85 million yuan[58]. - The net profit attributable to shareholders for 2018 was ¥44,120,618.46, a significant decrease of 88.59% from ¥386,803,334.69 in 2017[22]. - The net profit attributable to shareholders was 4,412.06 million yuan, down 88.59% from 38,680.33 million yuan in the previous year[58]. - The company reported a net profit of 14,269,978.74 in 2018, a decrease from 29,330,947.99 in 2017, representing a decline of approximately 51.5%[30]. - The net profit attributable to shareholders in Q4 2018 was -¥302,924,104.54, indicating a loss for that quarter[25]. - The company reported a net cash flow from operating activities of -¥66,266,061.61, a decrease of 109.95% compared to the previous year[86]. - The company’s overall financial performance showed a slight decline, with a decrease in net profit margin of approximately 4.10%[113]. Future Outlook - The company has set a future outlook with a revenue target of 1.5 billion RMB for the next fiscal year, indicating a growth expectation of 25%[3]. - The company plans to invest 50 million RMB in research and development for new technologies in the upcoming year[3]. - The company aims to leverage new information technologies such as IoT, cloud computing, and big data to enhance urban governance and management services[41]. - The company is positioned to benefit from the trend of military-civilian integration, which is expected to create new profit growth points through the commercialization of dual-use technologies[126]. - The company aims to develop an intelligent service industry system around smart defense, smart cities, smart taxation, and spatiotemporal big data applications, leveraging its core technologies in embedded systems, big data, and information security[142][143]. Market Expansion and Strategy - The company is expanding its market presence, targeting new regions with a projected investment of 100 million RMB in marketing and sales efforts[3]. - The company is actively promoting smart city projects in regions such as Xiangtan, Lanzhou, and Yichun, focusing on top-level planning and various smart services[41]. - The company has established strategic partnerships with major tech firms like Tencent and Baidu to advance smart city initiatives[62]. - The company is focusing on expanding its market presence through strategic acquisitions and new product developments[114]. - The company plans to expand its market presence through strategic acquisitions and investments in technology firms[96]. Product Development and Innovation - New product development includes the launch of an advanced embedded system, which is expected to contribute an additional 200 million RMB in revenue[3]. - The company launched new smart tax control solutions and made significant progress in various smart city projects, including the city leadership cockpit project[61]. - The company is actively conducting research on 5G technology applications, aiming for early transformation and application of results[38]. - The company has upgraded its tax control core products and services, enhancing the Baiwang Cloud Invoice platform to provide internet-based invoice issuance and data management services[40]. - The company has established a health management platform covering the entire lifecycle of equipment, supported by multiple pre-research projects[37]. Financial Management and Investments - The board has decided not to distribute cash dividends this year, focusing instead on reinvestment for growth[3]. - The company’s R&D investment accounted for 4.42% of operating revenue, up from 3.45% in the previous year[84]. - The company has committed to using retained earnings for daily business operations[161]. - The company has established a special account system for the management of raised funds[101]. - The company has not yet realized any benefits from the cumulative investments made to date[103]. Audit and Compliance - The company has received a qualified audit opinion from its accounting firm, indicating areas for improvement in financial reporting[3]. - The independent board members agree with the special explanation regarding the qualified audit report and will urge the management to address the issues promptly[179]. - The company has maintained compliance with all commitments made during the reporting period[162]. - The company is required to comply with the disclosure requirements for the software and information technology services industry[72]. Challenges and Risks - The management emphasized the importance of risk management strategies in light of market volatility and competition[3]. - The company faces challenges in market competition and must ensure product quality and innovation to maintain its competitive edge[136]. - The company’s goodwill amount is 162,370.26 million yuan, and there is a potential risk of impairment due to changes in the macroeconomic environment or issues with acquired companies[141]. - The company is committed to complying with national policies and adjusting its business structure to mitigate risks from macro policy changes[137]. Shareholder and Employee Relations - The company has implemented a stock incentive plan for employees who hold shares for more than 12 months[165]. - The company’s retained earnings were not distributed due to negative cash flow and the need for normal business operations[161]. - The company’s profit distribution plan for 2018 was not approved due to insufficient conditions for distribution[158]. - The company will enhance talent development and retention strategies to ensure sustainable growth and maintain core competitiveness[147].

1 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚 假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 北京旋极信息技术股份有限公司 2020 年第一季度报告全文 北京旋极信息技术股份有限公司 2020 年第一季度报告 2020 年 04 月 北京旋极信息技术股份有限公司 2020 年第一季度报告全文 非经常性损益项目和金额 √ 适用 □ 不适用 第二节 公司基本情况 一、主要会计数据和财务指标 所有董事均已出席了审议本次季报的董事会会议。 公司是否需追溯调整或重述以前年度会计数据 公司负责人陈江涛、主管会计工作负责人陈为群及会计机构负责人(会计主管人员)张丽英声明：保证 季度报告中财务报表的真实、准确、完整。 √ 是 □ 否 2 北京旋极信息技术股份有限公司 2020 年第一季度报告全文 | | 本报告期 | 上年同期 | | 本报告期比上年同 | | --- | --- | --- | --- | --- | | | | | | 期增减 | | | | 调整前 | 调整后 | 调整后 | | 营业总收入（元） | 418,955,117 ...

Financial Performance - Operating revenue for the reporting period was CNY 1,001,545,644.70, representing an increase of 18.12% year-on-year[7]. - Net profit attributable to shareholders of the listed company decreased by 14.00% to CNY 87,485,256.27[7]. - Basic earnings per share were CNY 0.0507, down 14.50% compared to the same period last year[7]. - The company reported a decrease in interest income to CNY 2,781,384.70 from CNY 7,343,355.93 year-on-year, a decline of 62.14%[71]. - The total comprehensive income for Q3 2019 was CNY 87,387,972.95, compared to CNY 106,180,159.29 in the same quarter last year, a decrease of 17.67%[73]. - Net profit for Q3 2019 was CNY 85,990,239.97, a decrease of 17.43% from CNY 104,095,413.21 in Q3 2018[71]. - The company experienced a significant increase in sales expenses, which rose to CNY 60,274,833.39 from CNY 52,814,971.27, an increase of 14.67%[69]. - The operating profit for the quarter was ¥264,853,963.00, a decline of 39.2% from ¥437,136,585.94 in the previous year[81]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,831,912,431.09, a decrease of 4.00% compared to the end of the previous year[7]. - Total liabilities decreased from CNY 3,183,982,642.51 to CNY 2,561,318,564.06, a reduction of approximately 19.5%[61]. - Current liabilities decreased from CNY 3,110,612,152.25 to CNY 2,493,636,303.55, a reduction of about 20%[61]. - Cash and cash equivalents decreased from CNY 1,080,740,432.03 to CNY 848,862,622.84, a decrease of approximately 21.4%[64]. - The company's accounts receivable as of September 30, 2019, were approximately ¥1.07 billion, down from ¥1.12 billion at the end of 2018[58]. - The total liabilities amounted to 3,183,982,642.51 CNY, with current liabilities making up 3,110,612,152.25 CNY[100]. - The total assets were reported at 8,158,134,455.78 CNY, with non-current assets totaling 2,767,627,121.55 CNY[98]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 56,172[12]. - The largest shareholder, Chen Jiangtao, holds 33.38% of the shares, with a total of 570,995,475 shares[12]. - The company completed a share repurchase of 12,400,125 shares, reducing its registered capital to ¥1.71 billion[43]. - The company’s major shareholder, Chen Jiangtao, reduced his holdings by 16,550,001 shares, representing 0.97% of the total share capital[42]. - As of the report date, the controlling shareholder has pledged 535.36 million shares, accounting for 93.76% of their holdings and 31.29% of the company's total shares[39]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 107,641,054.96, an increase of 120.44%[7]. - The total cash inflow from operating activities was ¥2,350,584,288.10, an increase from ¥2,254,154,067.20 year-over-year[91]. - The net cash flow from investing activities was ¥52,504,239.15, recovering from a net outflow of ¥616,875,929.53 in the previous year[92]. - The net cash flow from financing activities was -¥476,204,996.67, worsening from -¥203,111,512.08 year-over-year[92]. - Cash received from sales of goods and services amounted to ¥2,285,815,363.23, compared to ¥2,038,602,542.20 in the prior period[90]. Research and Development - The company's R&D expenses rose by 39.00% to RMB 161,661,269.61 in the first nine months of 2019 compared to RMB 116,301,878.50 in the same period of 2018, driven by increased investment in smart defense and information security sectors[21]. - Research and development expenses rose to CNY 63,537,937.46, up 18.43% from CNY 53,655,242.55 in the previous year[69]. - Research and development expenses rose to ¥161,661,269.61, an increase of 38.9% compared to ¥116,301,878.50 in the same period last year[81]. Other Financial Metrics - Non-recurring gains and losses totaled CNY 13,449,208.43, primarily from asset disposal and government subsidies[9]. - The company reported a decrease in retained earnings by 10,246,751.12 CNY, bringing the total to 848,031,304.90 CNY[100]. - The company recognized a CNY 10 million impairment loss on reclassified financial assets, impacting other comprehensive income[107]. - The company made adjustments to financial statements due to the discovery of fund occupation by major shareholders[7].

Financial Performance - The company reported a total revenue of 150 million RMB for the first half of 2019, representing a year-on-year increase of 20%[3]. - The net profit attributable to shareholders was 30 million RMB, up 15% compared to the same period last year[3]. - Total revenue for the reporting period was ¥1,402,701,232.77, a decrease of 16.64% compared to the previous year[27]. - Net profit attributable to shareholders was ¥138,418,585.22, down 42.95% year-over-year[27]. - Basic earnings per share decreased to ¥0.0801, down 43.31% from ¥0.1448 in the same period last year[27]. - The net profit attributable to shareholders was RMB 13,841.86 million, a decrease of 42.95% from RMB 24,261.90 million in the same period last year[66]. - The company’s revenue for the reporting period was ¥1,402,701,232.77, a decrease of 16.64% compared to the same period last year, primarily due to a decline in tax informationization business and project delays in the smart city sector[72]. User Growth and Market Position - User data showed an increase in active users by 25%, reaching 1.5 million users by the end of June 2019[3]. - The company maintains a leading position in the military-civilian informationization sector, focusing on embedded system testing and electronic component reliability assurance services[36]. - The company holds a strong market position in defense information and industry information sectors, leveraging over 20 years of development and a deep understanding of user needs[44]. - In the smart defense sector, the company is a leading domestic provider of embedded system testing and development, achieving international advanced levels in various technologies[45]. Research and Development - The company plans to invest 50 million RMB in R&D for new product development in the next fiscal year[3]. - The company is focused on enhancing its technological capabilities and expanding its market presence through innovative solutions[20]. - Research and development investment increased by 28.52% to ¥98,123,332.15, driven by the cultivation of new business models in smart defense and information security sectors[74]. - The company is enhancing its R&D capabilities, launching a PHM health management integrated engineering platform, and collaborating with Alibaba's semiconductor subsidiary on low-power IoT solutions[63]. Strategic Partnerships and Acquisitions - The company is exploring potential acquisitions to enhance its technology capabilities and market presence[3]. - The company has established partnerships with three new technology firms to accelerate innovation[3]. - The company has established strategic partnerships with Tencent, Baidu, and Huawei to participate in smart city construction and key R&D projects[62]. - The acquisition of Beijing United Signal Testing Technology Co., Ltd. was valued at 55 million CNY, enhancing the company's software capabilities in fault prediction and health management[130]. Cash Flow and Financial Management - Operating cash flow for the period was ¥67,864,382.07, a significant improvement of 114.56% compared to the previous year[27]. - The company reported a significant cash flow recovery, indicating improved operational efficiency despite declining profits[27]. - Cash and cash equivalents at the end of the reporting period amounted to ¥2,202,582,611, an increase from ¥1,872,689,530 in the same period last year, representing a growth of 3.71%[85]. - The company confirmed investment income of ¥6,449,342.75, accounting for 3.66% of total profit, primarily from equity investments and the disposal of a subsidiary[82]. Risks and Challenges - The company faces risks related to market competition and regulatory changes, which it is actively monitoring[3]. - The company experienced a decrease in tax informationization business revenue due to policy changes affecting over 300,000 taxpayers, who no longer need to pay service fees[40]. - The company faces risks from macro policy changes and aims to adapt its business structure and innovation strategies accordingly[117]. Future Outlook - Future outlook indicates a projected revenue growth of 30% for the second half of 2019, driven by market expansion strategies[3]. - The company plans to focus on smart defense, smart city, tax informationization, and spatial big data applications, aiming to create a new industrial ecosystem[67]. Corporate Governance and Management - The company has established a performance evaluation system and employee incentive mechanisms to retain core technical personnel and mitigate risks of talent loss[120]. - The company plans to strengthen internal control management and improve inventory and intangible asset management[136]. - The company’s board approved the appointment of Xie Junwei as the new general manager following the resignation of Liu Ming due to health reasons[184]. Shareholder and Equity Management - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[124]. - The company has completed the return of funds previously occupied by its controlling shareholder, totaling 241.08 million CNY[128]. - Chen Jiangtao pledged 20 million shares, accounting for 3.40% of his total holdings, and later released the pledge[192].