证券代码：300353 证券简称：东土科技 北京东土科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | |----------------|--------------------------|--------------------------------------| | | | | | | √ | 特定对象调研 □分析师会议 | | 投资者关系活动 | □ | 媒体采访 □业绩说明会 | | 类别 | □ | 新闻发布会 □路演活动 | | | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名称及 | 野村资产 林智威 | | | 人员姓名 | 摩根士丹利 吴昱叡 | | | 时间 | 2018 年 8 月 27 | 日上午 9:10 | | 地点 | 北京东土科技股份有限公司 | 15 层会议室 | | 上市公司接待人 | | | | 员姓名 | | 吴建国（董事会秘书），董秘处工作人员 | | --- | --- | |----------------|--------------------------------------- ...

Financial Performance - The company's revenue for Q3 2022 was CNY 258,064,923.79, representing a year-on-year increase of 34.29%[5] - The net profit attributable to shareholders for Q3 2022 was CNY 28,979,718.97, a significant increase of 413.60% compared to the same period last year[5] - The total revenue for the first three quarters of 2022 reached CNY 581,446,025.63, with a year-on-year growth of 4.58%[5] - The net profit for the third quarter of 2022 was -67,886,705.85 CNY, compared to -41,817,040.14 CNY in the same period last year, representing an increase in net loss of approximately 62.3%[27] - The company reported a total comprehensive loss of -67,951,912.93 CNY for the quarter, compared to -42,550,765.96 CNY in the same quarter last year, reflecting an increase in comprehensive loss of approximately 59.8%[28] - Basic and diluted earnings per share were both -0.1077 CNY, compared to -0.0678 CNY in the previous year, indicating a worsening in earnings per share performance[28] Order and Backlog - The company reported a total of CNY 122,361.51 million in new contract orders for the first three quarters, marking a 43.07% increase year-on-year[9] - The backlog of orders at the end of the reporting period was CNY 129,756.41 million, up 41.78% from the end of the previous year[9] Cash Flow and Liquidity - The company's cash flow from operating activities showed a significant decline, with a net outflow of CNY 116,622,470.87, a decrease of 1,675.81%[5] - The cash flow from operating activities showed a net outflow of -116,622,470.87 CNY, a significant decline from a positive cash flow of 7,400,811.63 CNY in the previous year[29] - The cash and cash equivalents at the end of the period were 204,384,524.67 CNY, down from 215,264,201.03 CNY at the end of the previous year, showing a decrease of about 5.1%[30] - The company's cash and cash equivalents decreased by 37.80% to CNY 218,315,394.68 compared to the beginning of the period, primarily due to increased inventory prepayments and equity investment payments[11] Assets and Liabilities - Current assets totaled ¥1,524,112,819.90, a rise of 11.9% from ¥1,361,903,185.37[22] - Total liabilities reached ¥1,554,194,573.54, an increase of 21.0% from ¥1,284,034,724.65[24] - The company's total assets increased to ¥2,592,925,965.52, up from ¥2,357,271,103.66, reflecting overall growth[24] - The equity attributable to shareholders decreased to ¥946,234,901.01 from ¥970,277,512.82, indicating a decline of 2.5%[24] Inventory and Prepayments - Inventory rose by 84.24% to CNY 476.90 million, attributed to increased raw material stocking[12] - Prepayments increased by 181.70% to CNY 117.49 million, driven by increased inventory and raw material prepayments[12] Financing Activities - Short-term borrowings surged by 244.17% to CNY 206.73 million, reflecting new bank loans to support operational needs[12] - Net cash flow from financing activities increased by 135.24% to CNY 72.20 million, as the company reduced liabilities and repaid external debts[13] - The company plans to raise up to RMB 1 billion through a private placement of shares, issuing no more than 159,935,154 shares[20] Shareholder Information - The total number of common shareholders at the end of the reporting period is 40,692[16] - The largest shareholder, Li Ping, holds 20.55% of shares, totaling 109,569,517 shares, with 67,746,400 shares pledged and 1,500,000 shares frozen[16] - The top ten shareholders hold a significant portion of the company's shares, with the top three alone accounting for 27.65%[16] - The total number of shares held by the top ten unrestricted shareholders is 83,892,000[16] Government Support and Other Income - The company received government subsidies amounting to CNY 32,796,779.35 during the reporting period[6] - Other income grew by 54.07% to CNY 51.65 million, primarily due to an increase in government project acceptance compared to the same period last year[12] Research and Development - Research and development expenses were ¥137,352,551.86, reflecting an increase from ¥128,290,554.12, indicating a focus on innovation[25] Financial Expenses and Investment Income - Financial expenses decreased by 44.76% to CNY 22.87 million, resulting from the repayment of long-term debts and equity repurchase[12] - Investment income dropped by 97.78% to CNY 2.46 million, due to the absence of gains from the disposal of Shanghai Hanxun stocks[13]

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-on-year increase of 15%[17]. - The net profit attributable to shareholders was RMB 200 million, an increase of 10% compared to the previous year[17]. - The company's operating revenue for 2021 was ¥941,002,773.24, representing a 75.90% increase compared to ¥534,959,995.61 in 2020[21]. - The net profit attributable to shareholders for 2021 was ¥5,187,764.21, a turnaround from a loss of ¥913,051,131.53 in 2020, marking a 100.57% improvement[21]. - The net cash flow from operating activities reached ¥128,967,207.03, a significant increase of 428.31% from -¥39,281,900.62 in 2020[21]. - The company reported a basic earnings per share of ¥0.01 in 2021, compared to a loss of ¥1.79 per share in 2020, reflecting a 100.56% improvement[21]. - The company achieved a total revenue of 941.00 million yuan in 2021, representing a year-on-year growth of 75.90%[97]. - The net profit attributable to shareholders was 5.19 million yuan, marking a turnaround from a loss in the previous year[97]. - The company signed new orders worth 1.34 billion yuan (including tax) in 2021, an increase of 20.15% compared to the previous year[97]. - The company had an unexecuted order backlog of 915.21 million yuan (including tax) at the end of 2021, up 28.89% from the previous year[97]. Research and Development - The company plans to invest RMB 300 million in research and development for new technologies in the upcoming year[17]. - The company invested 218.85 million CNY in R&D, accounting for 23.26% of total revenue, to enhance product development and maintain technological advantages[106]. - The number of R&D personnel increased by 5.07% to 539 in 2021, with a slight decrease in the proportion of R&D personnel to total employees from 33.16% to 33.01%[133]. - R&D investment amounted to ¥218,853,554.48 in 2021, accounting for 23.26% of operating revenue, a significant decrease from 42.10% in 2020[133]. - The company is focusing on the development of industrial internet communication equipment and information technology upgrades, with a total planned investment of RMB 11.2 million in these areas[155]. Market Strategy and Expansion - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 20% market share by 2025[17]. - Future guidance indicates an expected revenue growth of 20% for 2022, driven by new product launches[17]. - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market presence[17]. - The company aims to enhance its position in the industrial internet sector by focusing on "root technology" and providing comprehensive solutions, transitioning from a specialized supplier of industrial Ethernet switches to a provider of overall industrial internet solutions[169]. - The company anticipates further growth opportunities in the industrial internet sector, driven by national policies encouraging new infrastructure development and the integration of information technology with industrial economy[166]. Technological Development - The company has successfully developed a new edge computing platform, which is expected to be launched in Q3 2022[17]. - The edge computing technology is positioned as a core technology for industrial intelligence, enhancing data management and security[51]. - The Intewell industrial internet operating system is designed with a microkernel architecture, providing microsecond-level real-time response performance, suitable for various applications including industrial mother machines and robotics[66]. - The company is committed to developing a new industrial ecosystem based on self-controllable and secure core technologies[60]. - The company is developing a new generation of industrial switches based on a new software platform and chip solution, aimed at upgrading existing products and addressing key component obsolescence issues[132]. Risk Management - The management highlighted potential risks including market competition and regulatory changes, with strategies in place to mitigate these risks[6]. - The company recognizes potential risks from macroeconomic factors, including the ongoing impact of the COVID-19 pandemic and international trade tensions, which may affect market demand and operational performance[179]. - The company has implemented a credit risk control system to manage accounts receivable, ensuring that the overall credit risk remains within controllable limits[186]. - The company faces risks of declining gross margins due to intensified competition in the domestic industrial internet sector, prompting a focus on independent and controllable business strategies[182]. Corporate Governance - The company held a total of 4 shareholder meetings during the reporting period, ensuring equal rights for all shareholders, particularly minority shareholders[194]. - The board of directors consists of 7 members, including 3 independent directors, and held 14 meetings during the reporting period, adhering to legal and regulatory requirements[195]. - The supervisory board is composed of 3 members, including 1 employee representative, and convened 9 meetings, ensuring compliance and oversight of financial matters[196]. - The management team operates within the authority defined by the board, effectively driving business development[198]. - The company has established a transparent performance evaluation and incentive mechanism for directors, supervisors, and senior management[199]. Industry Trends - The industrial internet market size in China reached CNY 671.27 billion in 2020, with an industrial internet value-added scale of CNY 3.57 trillion, showing a nominal growth rate of 11.66%[36]. - By 2025, the penetration rate of industrial internet platforms is expected to reach 45%, with 70% of large-scale manufacturing enterprises achieving digital networking[34]. - The government has emphasized the importance of the industrial internet in its policies, including its inclusion in the 14th Five-Year Plan and multiple government work reports since 2018[34]. - The "5G + industrial internet" initiative is expected to enhance the competitiveness of core technologies, with significant advancements in industrial 5G chips, edge computing, and smart sensors by 2023[37]. - The integration of advanced technologies such as AI, big data, and cloud computing is accelerating the digital transformation in sectors like manufacturing, energy, and transportation[37].

Financial Performance - The company's revenue for Q1 2022 was ¥100,812,619.05, a decrease of 41.58% compared to ¥172,568,898.61 in the same period last year[4] - The net profit attributable to shareholders was -¥65,330,496.29, representing a decline of 109.33% from -¥31,209,203.35 year-on-year[4] - The net cash flow from operating activities was -¥57,420,472.66, a decrease of 256.65% compared to a positive cash flow of ¥36,655,416.29 in the previous year[4] - Total operating revenue for Q1 2022 was CNY 100,812,619.05, a decrease of 41.6% compared to CNY 172,568,898.61 in the same period last year[21] - Net loss for Q1 2022 was CNY 71,252,139.45, compared to a net loss of CNY 33,116,848.06 in Q1 2021, indicating an increase in losses of 115.5%[22] - The company reported a total comprehensive loss of CNY 71,440,718.35 for Q1 2022, compared to a loss of CNY 33,521,896.07 in Q1 2021, reflecting an increase of 113.0%[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,293,578,099.45, down 2.70% from ¥2,357,271,103.66 at the end of the previous year[4] - The equity attributable to shareholders decreased by 6.04% to ¥911,709,460.58 from ¥970,277,512.82 at the end of the previous year[4] - The company's total liabilities amounted to CNY 1,284,831,415.82, slightly up from CNY 1,284,034,724.65 year-on-year[19] - The total equity attributable to shareholders of the parent company decreased to CNY 911,709,460.58 from CNY 970,277,512.82, a decline of 6.0%[19] Cash Flow - The cash flow from operating activities was not detailed in the provided documents, indicating a need for further analysis[23] - The net cash flow from financing activities was -20,138,990.07 CNY, compared to -120,297,347.59 CNY in the previous year, showing an improvement in financing cash flow[26] - Total cash inflow from investment activities was 4,476,705.88 CNY, down from 100,540,636.98 CNY year-over-year, reflecting reduced investment returns[25] - The total cash and cash equivalents at the end of the period were 201,386,388.93 CNY, down from 225,434,110.79 CNY year-over-year[26] Shareholder Information - Total number of common shareholders at the end of the reporting period is 40,055[11] - The largest shareholder, Li Ping, holds 21.00% of shares, totaling 111,569,517 shares, with 83,677,138 shares pledged[11] - The company has a total of 89,158,154 restricted shares at the end of the reporting period[14] - The company does not have any preferred shareholders or related party transactions among the top 10 shareholders[12][13] Operational Highlights - The company secured new contract orders amounting to ¥330 million (including tax), an increase of 54.21% from ¥214 million in the same period last year[8] - The company had an outstanding order amount of ¥1.07 billion, laying a solid foundation for future performance growth[8] - The company reported a significant increase in prepayments, which rose by 95.44% to ¥81,515,765.44, primarily due to increased inventory[9] Cost and Expenses - The gross profit margin decreased due to rising prices of bulk commodities and core materials, influenced by the macroeconomic environment and the ongoing pandemic[8] - Total operating costs for Q1 2022 were CNY 184,401,090.94, down from CNY 204,118,881.69, reflecting a reduction of 9.7%[21] - Research and development expenses increased to CNY 46,996,474.33, up from CNY 40,058,693.04, representing a rise of 17.5%[21] Changes in Current Assets - Total current assets decreased from CNY 1,361,903,185.37 at the beginning of the year to CNY 1,278,657,242.47 at the end of the reporting period[16] - Cash and cash equivalents decreased from CNY 350,965,532.58 to CNY 236,758,282.53[16] - Accounts receivable decreased from CNY 519,240,735.33 to CNY 458,993,659.21[16] - Inventory increased from CNY 258,851,206.86 to CNY 320,990,568.77[17] - Short-term borrowings increased from CNY 60,065,444.45 to CNY 73,065,750.02[17] Government Support - The company received government subsidies amounting to ¥3,738,399.31 during the reporting period[6]

Financial Performance - The company's operating revenue for Q3 2021 was ¥192,163,796.89, representing a 15.14% increase year-over-year, while the total revenue for the first three quarters reached ¥555,958,294.56, up 28.98% compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2021 was -¥9,240,905.30, a 16.10% increase in loss year-over-year, with a cumulative net profit of -¥34,661,921.66 for the first three quarters, reflecting a 52.81% increase in loss compared to the previous year[3]. - The company's operating revenue for Q3 2021 reached ¥555,958,294.56, an increase of 28.98% compared to the same period last year[11]. - Operating costs rose to ¥317,165,787.81, reflecting a 31.82% increase year-on-year, primarily due to the growth in operating revenue scale[11]. - Investment income surged to ¥111,240,531.96, marking a significant increase of 2522.68% year-on-year, attributed to the disposal of equity in Shanghai Hanxun[11]. - Net loss for Q3 2021 was CNY 41,817,040.14, an improvement from a net loss of CNY 78,153,456.28 in Q3 2020[28]. - Research and development expenses for Q3 2021 amounted to CNY 128,290,554.12, compared to CNY 121,564,558.28 in Q3 2020, reflecting a focus on innovation[27]. Cash Flow and Liquidity - The company reported a net cash flow from operating activities of ¥7,400,811.63 for the first three quarters, which is a 107.75% increase compared to the same period last year[3]. - The net cash flow from operating activities improved to ¥7,400,811.63, a 107.75% increase compared to the previous year, driven by enhanced collection efforts on accounts receivable[12]. - The company experienced a 4069.06% decrease in cash flow from financing activities, totaling -¥204,906,001.12, as it focused on reducing liabilities and repaying external debts[12]. - As of September 30, 2021, the company's cash and cash equivalents decreased to ¥229.64 million from ¥423.09 million at the end of 2020, representing a decline of approximately 45.7%[23]. - The company reported a net decrease in cash and cash equivalents of CNY 173,579,305.57, an improvement from a decrease of CNY 215,751,456.47 in the previous period[31]. Assets and Liabilities - The total assets at the end of Q3 2021 were ¥2,240,775,371.36, a decrease of 9.90% from the end of the previous year[3]. - Total assets decreased to CNY 2,240,775,371.36 in Q3 2021 from CNY 2,487,042,619.13 in Q3 2020[25]. - Total liabilities decreased to CNY 1,368,955,995.20 in Q3 2021 from CNY 1,660,072,477.01 in the same period last year[25]. - The company's equity attributable to shareholders decreased to CNY 769,297,659.89 in Q3 2021 from CNY 806,644,722.29 in Q3 2020[25]. - The company had long-term borrowings of CNY 173,664,405.13, indicating reliance on debt financing[35]. Order Backlog and New Business - The company has a backlog of orders amounting to ¥828,940,000, which is a 16.74% increase from the end of the previous year[7]. - New orders for edge computing control products and industrial software reached ¥46,720,000, a significant year-over-year increase of 980%[8]. Research and Development - The company has increased its focus on R&D, with prepayments for R&D projects rising by 75.58% to ¥70,987,550.33[10]. - The company aims to enhance its market expansion and product development strategies moving forward[27]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 43,659, with the largest shareholder holding 23.07% of the shares[14]. - The total number of restricted shares held by major shareholder Li Ping decreased by 20.84 million shares during the reporting period[17]. - The company reported a total of 120.54 million restricted shares at the beginning of the period, with 99.69 million remaining at the end of the period after the release of some shares[18]. Strategic Initiatives - The company is actively collaborating with telecom operators on multiple 5G+ projects, integrating 5G technology with its NEWPRE series edge controllers[8]. - The company announced a capital increase of ¥44 million to its subsidiary, Dongtu Zhiyuan, to enhance resource integration and expand its industrial sector in the Yangtze River Delta market[19]. - The company implemented a restricted stock incentive plan to attract and retain key management personnel, enhancing its long-term governance structure[20]. - The company is actively working on alternative sourcing for components and materials in response to potential market risks due to its listing on the U.S. Entity List[21]. - The company continues to focus on providing high-quality products and services to clients across various industries, ensuring sustainable business growth[21]. Regulatory and Compliance - The company was listed on the U.S. Entity List, but it stated that this would not directly impact its sales to domestic customers or exports to other countries[21]. - The report for the third quarter was not audited, which may affect the reliability of the financial data presented[37].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥363,794,497.67, representing a 37.73% increase compared to ¥264,138,965.42 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was a loss of ¥25,421,016.36, which is a 59.29% improvement from a loss of ¥62,437,176.72 in the previous year[21]. - The net cash flow from operating activities was ¥39,408,036.10, a significant turnaround from a negative cash flow of ¥78,763,985.00 in the same period last year, marking a 150.03% increase[21]. - The total assets at the end of the reporting period were ¥2,325,585,734.22, down 6.49% from ¥2,487,042,619.13 at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company decreased by 3.45%, from ¥806,644,722.29 to ¥778,812,625.67[21]. - The basic earnings per share improved to -¥0.0497, a 59.33% increase from -¥0.1222 in the same period last year[21]. - The company reported a net profit attributable to shareholders after deducting non-recurring gains and losses of -¥56,125,339.49, which is a 44.07% improvement from -¥100,348,315.08 last year[21]. - The company achieved operating revenue of 363.79 million yuan in the first half of 2021, representing a year-on-year growth of 37.73%[71]. - The net profit attributable to shareholders of the listed company was -25.42 million yuan, showing a reduction in losses compared to the previous year[71]. - The company secured new contract orders amounting to 567.25 million yuan, a year-on-year increase of 15.76%[71]. - The backlog of orders at the end of the reporting period was 877.06 million yuan, an increase of 23.49% compared to the end of the previous year[71]. Research and Development - The company has a research and development team of 515 people, accounting for 34.29% of the total workforce, emphasizing its commitment to technological innovation[66]. - The company applied for 33 new patents during the reporting period, including 19 authorized invention patents[67]. - The company invested approximately ¥76.11 million in R&D during the reporting period, focusing on developing high-performance autonomous controllable switch products for key industries[77]. - The company is focusing on the development of new products, including AI edge control servers and self-controlled switches, to maintain its technological advantage[91][92]. - The company is actively exploring new technologies to enhance its service offerings and improve operational efficiency[116]. Market Position and Strategy - The company operates primarily in the industrial internet sector, focusing on core hardware and software technology development, production, and sales[49]. - The company has established a leading position in the domestic industrial communication market after over 10 years of exploration and practice in the industrial internet field[55]. - The company has developed a new smart city solution based on edge computing and industrial-grade networks, with implementations in cities like Xiong'an and Beijing Daxing[38]. - The company is actively expanding its industrial internet platform technologies and solutions across various industries[55]. - The company has established strategic partnerships with leading firms in various sectors, including engineering machinery and smart logistics, to develop new technologies and applications[75]. - The company is exploring potential acquisitions to strengthen its product portfolio, with a budget of $50 million allocated for this purpose[115]. Operational Efficiency - The company aims to reduce operational costs by 10% through process optimization initiatives[115]. - The company has maintained a credit line of ¥789 million with various banks, supporting its financial stability and growth initiatives[84]. - The company has established safety reserves for core component imports and developed contingency plans in response to international supply chain risks[90]. - The company has conducted annual comprehensive evaluations of qualified suppliers to ensure material supply risk control, focusing on timely delivery and quality[41]. Legal and Compliance - The company is currently involved in multiple legal proceedings, with potential impacts on its financial results once compensation amounts are confirmed[167]. - The company has taken measures to protect its legal rights and interests amid ongoing litigation[167]. - The company has received a court ruling requiring compensation from a former shareholder amounting to RMB 4,817,761.16 in cash and 2,701,549 shares, along with a penalty of RMB 800,000[161]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[162]. - The company reported no environmental violations or penalties during the reporting period[150]. Related Party Transactions - The company reported a significant increase in related party transactions, with sales transactions amounting to 149.78 million yuan, representing 0.49% of similar transaction amounts[171]. - The rental of fixed assets from related parties amounted to 58.63 million yuan, accounting for 34.13% of the approved transaction amount[171]. - The company provided technical services to related parties for 101.31 million yuan, which is a 5.90% increase compared to the previous period[171]. - The procurement of raw materials from related parties totaled 696.44 million yuan, which is 3.24% of the approved transaction amount[171]. Corporate Governance - The company has implemented a restricted stock incentive plan to enhance corporate governance and attract key personnel[147]. - The company held its first extraordinary general meeting on January 13, 2021, with a participation rate of 26.78%[143]. - The annual general meeting on May 21, 2021, had a participation rate of 24.68%[143]. - The company appointed Li Xia as the new Senior Vice President and CFO on April 1, 2021[144]. Financial Instruments and Investments - The company reported a total investment of RMB 122.09 million in financial assets, with a fair value loss of RMB 75.23 million during the reporting period[108]. - The company has committed RMB 24.29 million to bank wealth management products, with an outstanding balance of RMB 6.99 million[112]. - The company holds a 19% stake in Tianmu Fund, with an investment amount of RMB 31.5 million, and a fair value of RMB 45.57 million[108]. - The company has a total of CNY 35,785 million in approved guarantees for subsidiaries, with an actual balance of CNY 29,326.38 million[186]. Future Outlook - The company provided a future outlook with a revenue guidance of 10% growth for the next quarter[115]. - The company aims to achieve a target revenue growth of 5% for the next fiscal year, driven by market expansion and product innovation[116]. - The company is exploring new market opportunities to expand its footprint in the financial services sector[114].

Financial Performance - The company's operating revenue for Q1 2021 was ¥172,568,898.61, representing a 113.80% increase compared to ¥80,716,529.24 in the same period last year[8] - The net profit attributable to shareholders was -¥31,209,203.35, an improvement of 36.81% from -¥49,387,229.24 year-over-year[8] - The net cash flow from operating activities was ¥36,655,416.29, a significant increase of 183.17% compared to -¥44,071,961.72 in the previous year[8] - The basic earnings per share improved to -¥0.0611 from -¥0.0967, reflecting a 36.81% increase[8] - The company reported a net loss of CNY 105,400,072.82 for the current period, compared to a loss of CNY 80,286,948.63 in the previous period[51] - The net loss for Q1 2021 was ¥33,116,848.06, an improvement from a net loss of ¥51,127,362.97 in the same period last year[55] - The company reported a total comprehensive loss of ¥33,521,896.07 for the quarter, compared to a loss of ¥51,423,268.65 in the previous year[56] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,352,797,893.68, down 5.40% from ¥2,487,042,619.13 at the end of the previous year[8] - The total current assets decreased from CNY 1,526,490,330.24 at the end of 2020 to CNY 1,386,898,017.97 by March 31, 2021[45] - Total liabilities amounted to CNY 760,139,853.36, down from CNY 787,820,726.51[51] - The total current liabilities increased from CNY 938,031,821.77 to CNY 942,609,033.81, indicating a rise in short-term financial obligations[71] - Total assets decreased from CNY 2,499,425,718.01 to CNY 2,487,042,619.13, reflecting a decline in overall asset value[71] Cash Flow - Cash and cash equivalents decreased by 41.67% to ¥246,785,298.88, primarily due to increased loan repayments and investments in financial products[18] - The ending balance of cash and cash equivalents was CNY 225,434,110.79, down from CNY 354,704,886.17, a decrease of 36.3%[64] - Net cash flow from investing activities was negative at CNY -79,126,990.30, worsening from CNY -66,113,241.68 in the previous period[63] - Financing cash inflow decreased significantly to CNY 64,292,086.16 from CNY 152,121,230.74, a decline of 57.7%[64] Revenue Sources - The industrial internet and related business generated revenue of ¥133,948,100, representing a 161.25% increase compared to the same period last year[20] - The total amount of new contract orders during the reporting period was ¥210 million, with an unexecuted order amount of ¥730 million as of the end of the reporting period, laying a solid foundation for future performance growth[20] Shareholder Information - The total number of shareholders at the end of the reporting period was 41,451[12] - The largest shareholder, Li Ping, holds 25.07% of the shares, amounting to 128,089,517 shares, with a significant portion pledged[12] Strategic Initiatives - The company established a strategic cooperation agreement with Hubei Provincial Post and Telecommunications Planning and Design Co., Ltd. to jointly participate in smart city projects in Hubei[24] - The company plans to increase the registered capital of Shanghai Dongtu Zhiyuan Intelligent Technology Development Co., Ltd. from ¥2,000 million to ¥65,200 million to enhance capital strength and optimize resource allocation[25] Risk Management - The company faces risks related to performance fluctuations due to the impact of the COVID-19 pandemic and changes in the industry environment, particularly in defense and data services[26] - The company is committed to increasing R&D investment and enhancing its technological innovation capabilities to mitigate risks associated with new technology development[28] - The company has established a credit risk control system to manage accounts receivable effectively, ensuring overall credit risk remains within controllable limits[31] - The company is focused on maintaining its military product qualifications and certifications to mitigate risks associated with defense business operations[34] Research and Development - Research and development expenses were ¥40,058,693.04, up from ¥38,029,008.76, highlighting continued investment in innovation[54] Compliance and Governance - The company has not engaged in any illegal external guarantees during the reporting period[38] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[39] - The company has not conducted any investor meetings or communications during the reporting period[40]

Financial Performance - The company reported a significant decline in revenue and net profit due to the impact of COVID-19, industry policy changes, and intensified competition, with a total impairment of goodwill amounting to RMB 547.89 million[7]. - Revenue was reduced by RMB 162 million due to price adjustments in major defense projects, affecting previously recognized income[7]. - The company's operating revenue for 2020 was ¥534,959,995.61, a decrease of 34.44% compared to ¥815,987,277.81 in 2019[21]. - The net profit attributable to shareholders was -¥913,051,131.53, representing a decline of 106.83% from -¥441,458,671.39 in the previous year[21]. - The net cash flow from operating activities was -¥39,281,900.62, a significant drop of 207.97% compared to ¥36,383,400.39 in 2019[21]. - The total assets at the end of 2020 were ¥2,487,042,619.13, down 24.10% from ¥3,276,754,145.26 at the end of 2019[21]. - The net assets attributable to shareholders decreased by 53.09% to ¥806,644,722.29 from ¥1,719,572,583.44 in 2019[21]. - The company reported a basic and diluted earnings per share of -¥1.79, a decline of 108.43% from -¥0.86 in 2019[21]. - The company’s weighted average return on equity was -70.86%, a decrease of 48.83% from -22.03% in the previous year[21]. - The company’s revenue after deducting certain amounts was ¥525,884,406.59, compared to ¥809,764,490.38 in 2019[21]. - The company achieved a significant increase in construction in progress, rising by CNY 1.64 million, a growth of 784.89%, due to the development of the Yichang Industrial Internet Industrial Park[55]. - The company reported a significant revenue reduction of 162 million yuan due to price adjustments in its defense business[63]. - The company reported a net loss of approximately RMB 913 million for 2020, with no profit distribution or capital reserve increase planned[158]. Research and Development - Research and development investment reached RMB 225.22 million, representing a year-on-year increase of 15.71%[7]. - The company invested over 15% of its revenue in R&D, with 513 R&D personnel accounting for 33.16% of the total workforce, enhancing its core competitiveness in industrial internet technologies[56]. - The company applied for 168 new patents in 2020, including 126 granted invention patents, reflecting its commitment to intellectual property protection and innovation[58]. - The company increased its R&D investment to 225.22 million yuan, a year-on-year growth of 15.71%, to enhance its technological advantages[69]. - R&D expenses grew by 16.33% to ¥188.64 million, representing 42.10% of total revenue, as the company continued to enhance its industrial internet product development[100][102]. - The number of R&D personnel decreased to 513, accounting for 33.16% of total staff, while R&D investment reached ¥225.22 million, up 15.71% from the previous year[102]. - The company is committed to increasing its R&D investment and fostering collaboration with academic institutions to maintain its technological leadership[146]. Business Strategy and Operations - Despite the overall decline, the core civil industrial internet business maintained year-on-year growth, indicating resilience in the main business operations[7]. - The company emphasized the importance of industrial internet as a key driver for the digital transformation of manufacturing, with significant growth potential in the sector[7]. - The company plans to enhance research efficiency and optimize supply chain management to improve profitability and operational efficiency[9]. - The company aims to strengthen market promotion of new products and businesses to create new profit growth points[9]. - Future plans and strategies outlined in the report are subject to risks, and investors are advised to remain cautious[9]. - The company focuses on the research, production, and sales of core hardware and software technologies for the industrial internet, aiming to create application solutions across various industries[30]. - The company launched the "Edge Super Brain" smart city solution based on industrial-grade networks and edge computing in 2020[40]. - The company is actively involved in the construction of urban underground comprehensive pipeline corridors, securing projects in cities like Gongzhuling and Chifeng[40]. - The company has established itself as a leading player in the industrial Ethernet communication field, transitioning from a specialized supplier to a comprehensive solution provider in industrial internet technologies[53]. - The company is focusing on the digital transformation and industrial internet as key growth areas amid global technological competition[133]. - The company plans to expand its market share by optimizing and diversifying its business segments while enhancing its marketing and brand strategies[140]. Risk Management - No major risks to the company's ongoing operations were identified, indicating stability in its business model[8]. - Future plans and strategies outlined in the report are subject to risks, and investors are advised to remain cautious[9]. - The company faces risks related to performance volatility due to external factors such as the COVID-19 pandemic, which has impacted its defense and data services businesses[144]. - The company is addressing the risk of rising costs and expenses by improving production efficiency and expanding market share[147]. - The company faces risks related to defense product pricing, which may lead to revenue and performance fluctuations due to military pricing reviews[151]. - The company has successfully renewed its military qualifications but remains vigilant about maintaining necessary certifications to mitigate risks[152]. Asset Management - The company's total assets at the end of 2020 were ¥2,487,042,619.13, down 24.10% from ¥3,276,754,145.26 at the end of 2019[21]. - The company's intangible assets increased by CNY 20.48 million, a growth of 10.90%, indicating ongoing investment in technology and product development[55]. - The company's accounts receivable decreased by CNY 290.26 million, a decline of 35.26%, mainly due to price adjustments in defense projects leading to significant revenue reductions[55]. - The company's contract assets increased by CNY 16.17 million, a growth of 211.09%, due to the reclassification of unexpired warranty funds according to new revenue standards[55]. - The company reported a significant increase in inventory levels, with a 103.37% rise to 31,883 units due to enhanced production capacity[90]. - The company confirmed government subsidies as part of other income, amounting to $14.27 million, which accounted for -1.51% of total profit[110]. - The company's cash and cash equivalents with restricted rights amounted to ¥34.25 million, primarily due to guarantees and deposit requirements[118]. Corporate Governance - The company has established a credit risk control system to monitor customer credit status and ensure overall credit risk remains manageable[150]. - The company has not conducted any research, communication, or interview activities during the reporting period[153]. - The company appointed Tianzhi International Accounting Firm as the new auditor, replacing the previous firm after several years of service[172]. - The company is involved in a lawsuit regarding a contract dispute, with a claim amount of 8.1 million yuan, and is taking measures to protect its rights[173]. - The company confirmed that it will recognize a profit of CNY 2.496 million when it is certain to receive the payment from the lawsuit against Song Yongqing[174]. - The company has received a total of CNY 4.817 million in cash compensation from Song Yongqing, along with stock compensation of 2,701,549 shares[176]. - The company is focused on ensuring compliance with performance commitments related to acquisitions[176]. Shareholder Returns - The profit distribution plan proposed a cash dividend of 0 RMB per 10 shares, with no bonus shares issued, reflecting the company's current financial strategy[9]. - The total cash dividend for 2020 was RMB 0, representing 0% of the net profit attributable to ordinary shareholders[161]. - The company did not distribute any dividends in 2019 or 2020, indicating a focus on long-term development[158]. - The company aims to provide stable and long-term returns to investors despite the lack of profit distribution in recent years[158].

Financial Performance - Net profit attributable to shareholders was CNY -11,013,576.48, representing a decline of 71.87% year-on-year[7]. - Operating revenue for the reporting period was CNY 166,899,661.10, an increase of 2.01% compared to the same period last year[7]. - The net cash flow from operating activities was CNY -16,768,706.73, a decrease of 60.77% year-on-year[7]. - Basic earnings per share were CNY -0.0216, down 71.58% from the previous year[7]. - The weighted average return on net assets was -0.66%, a decrease of 1.00% compared to the previous year[7]. - The company reported a net profit attributable to shareholders of CNY -73,450,753.20 for the year-to-date, a decline of 167.95% year-on-year[7]. - The company reported a net profit attributable to the parent company for the period from 2015 to 2018 was committed to be no less than 240.72 million yuan, but the actual achievement was 217.63 million yuan, resulting in an unfulfilled profit of 23.09 million yuan, with a completion rate of 90.41%[28]. - The net profit for the current period is CNY 25,729,602.11, a turnaround from a net loss of CNY 12,460,712.67 in the previous period[50]. - The company reported a comprehensive income total of CNY 25,729,602.11, contrasting with a comprehensive loss of CNY 12,460,712.67 in the previous period[51]. - The net profit for the third quarter was approximately ¥78.89 million, a decrease of 47.5% from ¥150.35 million in the previous year[59]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,185,305,768.43, a decrease of 2.79% compared to the end of the previous year[7]. - The company's cash and cash equivalents decreased by 39.65% to ¥301.85 million compared to the beginning of the period, primarily due to increased expenditures on financial products[19]. - Accounts receivable decreased by 55.91% to ¥12.51 million, mainly due to the collection of receivables from defense clients[19]. - Inventory increased by 47.49% to ¥264.95 million, attributed to delays in order deliveries caused by the COVID-19 pandemic[19]. - Deferred tax assets increased by 52.56% to ¥55.82 million, primarily due to longer collection periods for defense business clients[19]. - Contract liabilities rose by 81.12% to ¥58.50 million, reflecting increased pre-receipts for projects delayed by the pandemic[19]. - Total liabilities decreased to 1.51 billion yuan from 1.54 billion yuan at the end of 2019, showing a reduction of approximately 2%[38]. - Total liabilities amounted to CNY 1,540,778,658.44, with current liabilities at CNY 867,051,723.05 and non-current liabilities at CNY 673,726,935.39[71]. - The total equity attributable to shareholders was CNY 1,719,572,583.44, with total equity including minority interests at CNY 1,735,975,486.82[71]. - The company’s total equity decreased from CNY 1,764,443,125.95 to CNY 1,719,572,583.44 due to adjustments in retained earnings[76]. Shareholder Information - The company had a total of 47,406 common shareholders at the end of the reporting period[11]. - The largest shareholder, Li Ping, held 26.45% of the shares, amounting to 135,169,517 shares[11]. Strategic Initiatives - The company plans to establish a new subsidiary, Dongtu Huihe Technology Co., Ltd., to integrate its smart city-related assets and businesses, including 100% equity of Beijing Tuoming Technology Co., Ltd. and 45% equity of Beijing Dongtu Zhengchuang Technology Co., Ltd.[23]. - The company intends to acquire 100% equity of Beijing Baineng Electric Technology Co., Ltd. through a combination of issuing shares and cash payments, while also raising supporting funds through a non-public issuance to no more than 35 specific investors.[25]. - The company established strategic partnerships with China Mobile, China Unicom, and China Telecom to leverage opportunities in the "5G + Industrial Internet" sector[21]. - The company received the "Industrial Internet Innovation Award" at the 2020 World Artificial Intelligence Conference, recognizing its technological leadership[22]. Cash Flow and Investment Activities - The company received cash from investment recoveries amounting to approximately ¥514.89 million, compared to ¥96.21 million in the previous year[62]. - The total cash inflow from operating activities was ¥361,820,263.32, compared to ¥237,002,896.41 in the previous period, reflecting a growth of approximately 52.5%[64]. - The company reported a total cash inflow from financing activities of ¥186,057,756.16, with a net cash outflow of ¥75,557,836.22, compared to a net inflow of ¥39,341,631.88 in the previous period[66]. - The company reported investment income of approximately ¥71.84 million, compared to a loss of ¥2.81 million in the previous year[57]. Research and Development - Research and development expenses increased to CNY 16,430,694.61 from CNY 14,116,943.55, indicating a focus on innovation[49]. - Research and development expenses increased to approximately ¥46.18 million, up 21.1% from ¥38.14 million in the same period last year[57].

Financial Performance - The company's operating revenue for the first half of 2020 was ¥264,138,965.42, a decrease of 16.20% compared to ¥315,187,381.87 in the same period last year[19]. - The net profit attributable to shareholders was a loss of ¥62,437,176.72, representing a decline of 142.40% from a profit of ¥147,247,992.19 in the previous year[19]. - The basic earnings per share were -¥0.1222, down 142.91% from ¥0.2848 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was -¥100,348,315.08, worsening by 49.71% from -¥67,030,310.82 in the same period last year[19]. - The net loss for the first half of 2020 was ¥65,612,340.89, compared to a net profit of ¥145,122,598.53 in the first half of 2019, indicating a significant decline in profitability[183]. - The company reported a significant drop in fair value gains, which fell to ¥30,287,445.05 from ¥240,737,555.17, a decrease of 87.4%[183]. Cash Flow and Assets - The net cash flow from operating activities was a negative ¥78,763,985.00, which is a 21.40% increase in cash outflow compared to a negative ¥64,881,986.98 in the same period last year[19]. - The company's cash and cash equivalents decreased by ¥167,998,996.14, a significant drop of 628.48%, primarily due to reduced financing proceeds[66]. - The total assets at the end of the reporting period were ¥3,126,381,787.63, a decrease of 4.59% from ¥3,276,754,145.26 at the end of the previous year[19]. - The total liabilities decreased to CNY 1,447,624,800.04 from CNY 1,540,778,658.44, representing a decline of approximately 6%[175]. - The total equity attributable to shareholders was CNY 1,658,502,203.21, down from CNY 1,719,572,583.44, a decrease of about 3.6%[176]. Research and Development - The company invested over 15% of its operating revenue in technology research and development, focusing on enhancing core technologies related to the industrial internet[45]. - The company applied for 40 new patents and obtained 48 authorized invention patents during the reporting period, including 2 overseas patents[46]. - Research and development expenses amounted to ¥83,457,053.05, a slight decrease of 2.58%, indicating stable investment in ongoing projects[65]. - The company has allocated approximately 1,000 million for research and development in new technologies[89]. Market and Product Development - The company achieved revenue of 182.78 million CNY from defense and industrial internet products, with industrial internet product revenue growing nearly 20% year-on-year, while total revenue for defense and industrial internet products decreased by 21.77% due to COVID-19 impacts[29]. - The company is advancing into smart city solutions, leveraging technologies such as IoT and big data analytics to enhance urban safety and management capabilities[39]. - The company plans to expand its market presence through strategic acquisitions and new product developments[86]. - New product development initiatives are underway, with a focus on innovative financial instruments to meet evolving market demands[87]. Risk Management and Legal Matters - The company has acknowledged potential risks in its operations and has outlined corresponding countermeasures in the report[5]. - The company has initiated legal proceedings against Song Yongqing for failing to fulfill performance commitments, seeking cash compensation of RMB 4.82 million and stock compensation of 2.70 million shares[117]. - The company has taken measures to protect the rights and interests of shareholders amid ongoing legal disputes[117]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares[6]. - The total approved guarantee amount for subsidiaries during the reporting period was CNY 15,800 million, with an actual occurrence of CNY 1,495.28 million[134]. - The company completed the transfer of 25,549,045 shares (5% of total share capital) from its controlling shareholder to Beijing Daxing Investment Group on March 12, 2020[142]. - The company’s major shareholders include Li Ping with 26.45% ownership, holding 120,538,921 shares after a reduction of 25,549,045 shares[154].