江苏东华测试技术股份有限公司 2020 年第三季度报告全文 江苏东华测试技术股份有限公司 2020 年第三季度报告 2020 年 10 月 1 江苏东华测试技术股份有限公司 2020 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人刘士钢、主管会计工作负责人熊卫华及会计机构负责人(会计主 管人员)林萍声明：保证季度报告中财务报表的真实、准确、完整。 2 江苏东华测试技术股份有限公司 2020 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | |-----------------------------------------------------|----------------|-------------------------|----------------|----------- ...

Financial Performance - The company's operating revenue for the reporting period was ¥69,651,951.17, representing a 15.09% increase compared to the same period last year[23]. - The net profit attributable to shareholders was ¥3,470,877.27, which is a 68.22% increase year-on-year[23]. - The net profit after deducting non-recurring gains and losses was ¥1,454,476.17, showing a significant increase of 254.56% compared to the previous year[23]. - The basic earnings per share increased by 66.67% to ¥0.025 from ¥0.015 in the same period last year[23]. - Operating costs rose to ¥26,526,726.25, a 16.63% increase from ¥22,744,359.98, primarily due to the corresponding increase in operating revenue[53]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion yuan for the first half of 2020, representing a 20% year-over-year growth[117]. - The company provided a positive outlook for the second half of 2020, projecting a revenue increase of 15% to 1.75 billion yuan[121]. Assets and Liabilities - The total assets at the end of the reporting period were ¥418,478,606.26, a decrease of 1.53% from the end of the previous year[23]. - The company's total assets included cash of ¥77,329,131.48, which accounted for 18.48% of total assets, up from 8.29% the previous year[62]. - Accounts receivable increased to ¥84,668,686.32, representing 20.23% of total assets, attributed to increased sales and extended payment collection periods[62]. - Total liabilities decreased from 40,951,046.28 to 37,880,927.69, a decline of around 7.1%[198]. - Current liabilities decreased from 30,558,977.22 to 28,869,455.83, a reduction of about 5.5%[198]. - Non-current liabilities decreased from 10,392,069.06 to 9,011,471.86, a decrease of approximately 13.3%[198]. - The company reported a total non-current asset decrease from 149,645,388.23 to 147,018,182.18, a decline of about 1.8%[195]. Cash Flow - The company reported a net cash flow from operating activities of -¥28,614,315.55, indicating a decline in cash flow compared to -¥14,709,565.39 in the previous year[23]. - Cash and cash equivalents increased by ¥20,725,702.10, recovering from a decrease of ¥41,398,716.82 in the previous year, primarily due to the redemption of financial products[57]. - The company's cash flow management strategies may need to be reassessed given the changes in current and non-current liabilities[198]. Research and Development - The company holds 58 authorized patents and software copyrights, with 3 provincial-level high-tech products, showcasing its strong R&D capabilities in structural mechanics testing technology[36]. - Research and development expenses increased by 20.74% to ¥11,642,881.92 from ¥9,642,829.30, aimed at maintaining domestic technological leadership[57]. - The company has increased investment in sensor research and development, resulting in new high-temperature acceleration sensors and various other sensors to improve product performance[47]. - The company has developed low-speed and high-speed domestic data acquisition systems, which have passed environmental adaptability tests and are about to enter small-scale production[47]. Market and Competitive Position - The company has developed a comprehensive product line, including portable testing systems and high-performance dynamic signal testing systems, catering to various industry needs[39]. - The company’s products are widely used in key national projects such as aerospace, major equipment, and large-scale construction, indicating strong market demand[36]. - The company has a strong competitive edge in rapid product development, allowing it to meet diverse customer requirements efficiently[36]. - The company is focusing on high-end clients across various industries, including aerospace, civil engineering, and automotive, to strengthen its brand effect[46]. - The company is expanding its market presence, targeting a 10% increase in market share in the next fiscal year[125]. Risks and Challenges - The company is facing risks related to new product development and market competition, which may affect the expected returns on new projects[92]. - Rising costs are a concern due to increasing sales and management expenses, labor costs, and raw material prices, which may impact operating performance; the company plans to enhance product standardization and quality control to mitigate these costs[96]. - The company is addressing risks from the COVID-19 pandemic by innovating domestic instrument products and enhancing core competitiveness[93]. - The company anticipates potential localized capacity shortages in the second half of the year, prompting proactive inventory management and outsourcing of certain processes to meet market demand[96]. Shareholder Information - The total number of shares is 138,320,201, with 61,387,964 shares subject to restrictions[153]. - Major shareholder Liu Shigang holds 49.72% of shares, totaling 9,309,360 shares[161]. - Major shareholder Luo Mian holds 6.77% of shares, totaling 2,340,000 shares[168]. - The company has committed to maintaining its shareholder promises, ensuring no violations occurred during the reporting period[128]. Corporate Governance - The company has not encountered any issues regarding the use and disclosure of raised funds during the reporting period[77]. - The company has not made any changes to the raised funds project during the reporting period[78]. - The company’s integrity status remains strong, with no outstanding legal judgments or significant debt defaults reported[131]. - There were no major legal disputes or regulatory issues reported, reflecting a stable operational environment[129].

Financial Performance - Total revenue for Q1 2020 was CNY 21,745,960.56, an increase of 9.57% compared to CNY 19,847,404.03 in the same period last year[8]. - Net profit attributable to shareholders was a loss of CNY 954,766.07, an improvement of 59.45% from a loss of CNY 2,354,602.93 in the previous year[8]. - Basic and diluted earnings per share were both CNY -0.007, a decrease of 58.82% from CNY -0.017 in the previous year[8]. - The company achieved operating revenue of 21.74 million, an increase of 9.57% year-on-year[32]. - The net profit attributable to ordinary shareholders was -0.95 million, indicating a loss[32]. - The company reported a significant decrease in other income by 54.18% to 0.71 million, primarily due to unreceived software tax refunds[25]. - The income tax expense increased by 430.69% to 0.15 million, driven by profit growth[25]. - The company reported a loss for the period primarily due to significant upfront investments and adjustments made based on customer feedback, but economic benefits improved significantly during the year[54]. - The net profit for Q1 2020 was a loss of CNY 954,766.07, an improvement from a loss of CNY 2,354,602.93 in Q1 2019[90]. Cash Flow and Assets - Net cash flow from operating activities was a negative CNY 25,589,489.52, worsening by 143.28% compared to a negative CNY 10,518,649.56 in the same period last year[8]. - Cash received from sales of goods and services was 16.74 million, a decrease of 47.92% compared to the previous year[29]. - The ending balance of cash and cash equivalents was 30.51 million, a decrease of 46.10% from the beginning of the period[24]. - The company's current assets totaled CNY 271,113,106.22, down from CNY 275,348,469.40 at the end of 2019, indicating a decrease of about 1.3%[66]. - Cash and cash equivalents were reported at CNY 30,506,422.43, significantly lower than CNY 56,603,429.38 at the end of 2019, reflecting a decrease of approximately 46%[66]. - The total cash inflow from operating activities is 17,533,633.37 yuan, compared to 35,942,431.58 yuan in the previous period[107]. - The total cash outflow from operating activities is 43,123,122.89 yuan, compared to 46,461,081.14 yuan in the previous period[107]. - The company reported a net decrease in cash and cash equivalents of -$25,162,304.79 for the period[114]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 419,355,388.88, a decrease of 1.33% from CNY 424,993,857.63 at the end of the previous year[8]. - The total liabilities decreased to CNY 36,267,343.60 from CNY 40,951,046.28, a reduction of about 11.5%[72]. - The company's equity attributable to shareholders was CNY 383,088,045.28, slightly down from CNY 384,042,811.35, indicating a decrease of approximately 0.25%[75]. - The non-current assets totaled CNY 148,242,282.66, a slight decrease from CNY 149,645,388.23, reflecting a decline of about 0.95%[69]. Research and Development - The company invested 3.61 million in research and development to maintain core competitiveness[34]. - The company's R&D investment reached 16.59% of total revenue, positively impacting market expansion and product competitiveness[36]. - Research and development expenses for Q1 2020 were CNY 3,609,307.69, down from CNY 4,027,530.69, a decrease of 10.39%[87]. - The company continues to invest in R&D projects to enhance its product offerings and maintain competitive advantages in the market[36]. Market and Competition - The company faces significant industry competition risks, with new competitive technologies maturing and impacting traditional product markets, necessitating the development of new products and software modules[43]. - The company plans to enhance its marketing and after-sales service network to improve market responsiveness and better serve customers, aiming to create a three-in-one marketing model of market demand, products, and services[43]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,374[14]. - The largest shareholder, Liu Shigang, held 49.72% of the shares, amounting to 68,765,930 shares[14]. - The company plans to distribute a cash dividend of RMB 0.50 per share to all shareholders based on the total shares of 138,320,201 as of December 31, 2019[60]. Project Updates - The mechanical equipment and device operation status monitoring system project has a total investment of 3,873 million yuan, with 21.89% of the project completed by the end of the reporting period[51]. - The testing technology center project has a total investment of 2,419 million yuan, with 30.46% of the project completed by the end of the reporting period[51]. - The company decided to postpone the implementation of the mechanical equipment and device operation status monitoring system project to December 31, 2020, due to the slowdown in macroeconomic growth and market uncertainties[54].

Financial Performance - The company's operating revenue for 2019 was CNY 177,743,282.74, representing a 32.45% increase compared to CNY 134,196,991.50 in 2018[21] - The net profit attributable to shareholders for 2019 was CNY 30,427,204.01, a significant increase of 72.64% from CNY 17,624,680.57 in the previous year[21] - The net profit after deducting non-recurring gains and losses reached CNY 26,322,061.05, marking a 115.39% increase compared to CNY 12,220,747.27 in 2018[21] - The basic earnings per share for 2019 was CNY 0.22, up 69.23% from CNY 0.13 in 2018[21] - The total assets at the end of 2019 amounted to CNY 424,993,857.63, reflecting a 9.13% increase from CNY 389,443,884.14 at the end of 2018[21] - The net assets attributable to shareholders increased to CNY 384,042,811.35, a rise of 7.34% from CNY 357,765,213.65 in 2018[21] - The cash flow from operating activities for 2019 was CNY 18,626,274.42, which is a decrease of 10.45% compared to CNY 20,798,729.72 in 2018[21] - The weighted average return on net assets for 2019 was 8.21%, an increase from 4.95% in 2018[21] - The company reported a total of ¥24,311,859.76 in purchases from its top five suppliers, which accounted for 28.65% of total annual purchases[76] - The company reported a net profit of RMB 28,611,227.08 for the year, with a total distributable profit of RMB 140,417,753.10[144] Research and Development - The company has developed a comprehensive range of products including sensors, testing instruments, and control analysis software, which are widely used in aerospace, shipbuilding, national defense, and scientific research[36] - The company holds 58 patents and software copyrights, with 3 products recognized as provincial-level high-tech products, showcasing its strong R&D capabilities in structural mechanics testing technology[39] - The company focused on R&D, establishing a modular dynamic and static testing platform, which reduced development costs and improved production efficiency[56] - New products such as the DH3820N testing module and wireless testing instruments DH3819N and DH5908N have entered small batch production[56] - The company enhanced its sensor R&D, producing various new sensors including force sensors and pressure sensors, while improving existing product performance[56] - The DHDAS software platform was optimized with new analysis modules, and a new data acquisition and analysis software platform is under development[56] - The company is developing a robust data acquisition system for harsh environments, featuring high shock resistance and IP65 protection[83] - The company aims to enhance product reliability and standardization in the field of structural mechanics testing instruments, focusing on high-performance and high-reliability products to meet evolving engineering testing demands[126] - The 2020 operational plan includes a core R&D goal centered on anti-interference testing technology and intelligent testing instruments, with an emphasis on developing high-performance research experimental products[126] Market and Sales - The company has established a strong brand reputation and accumulated high-end clients in key sectors such as aerospace, civil engineering, and automotive industries, including major clients like China Shipbuilding Industry Corporation and China Commercial Aircraft Corporation[46] - The company aims to expand its product offerings and market presence through continuous R&D and strategic initiatives[79] - The company plans to increase market promotion investments and develop new application products to improve sales volume and capacity utilization[131] - The company intends to expand its sales service network by establishing service points in major cities and enhancing its sales and customer service teams[127] - The company will focus on optimizing existing product lines and developing diversified application software to meet various market demands, including defense and military research products[126] Investment and Financial Management - The company has committed investment projects totaling RMB 13.61 million, with a cumulative investment of RMB 9.01 million as of the reporting period[105] - The company has established a wholly-owned subsidiary with an investment of RMB 1 million, achieving 100% investment progress[105] - The company has committed to using raised funds prudently to ensure project implementation efficiency and safety[131] - The company has experienced a steady increase in cash dividends over the past three years, with the 2019 dividend representing 22.73% of the consolidated net profit[145] - The company has not repurchased any shares during the reporting period, adhering to the commitments made prior to the public offering[164] Corporate Governance and Compliance - The company is committed to improving corporate governance and transparency, enhancing investor relations and maximizing shareholder value[58] - The company has maintained compliance with all relevant commitments regarding shareholding and competition during the reporting period[165] - The company has not faced any penalties or rectification situations during the reporting period[185] - The company has maintained a good integrity status without any significant unpaid debts or court judgments[186] - The company has implemented a stock option cancellation process, completed on June 11, 2019, following the termination of the stock incentive plan[187] Risks and Challenges - The company recognizes the risk of intensified competition in the structural mechanics testing industry, with new competitive technologies emerging that could impact traditional product markets[130] - The company faced risks of profit growth stagnation due to slower-than-expected project implementation and increased depreciation and labor costs[131] - Rising costs, including sales and management expenses, are expected to impact operating performance, prompting the company to enhance product quality and production efficiency[133]

江苏东华测试技术股份有限公司 2019 年第三季度报告全文 江苏东华测试技术股份有限公司 2019 年第三季度报告 2019 年 10 月 1 江苏东华测试技术股份有限公司 2019 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人刘士钢、主管会计工作负责人刘海兴及会计机构负责人(会计主 管人员)孙武声明：保证季度报告中财务报表的真实、准确、完整。 2 江苏东华测试技术股份有限公司 2019 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | |-----------------------------------------------------|-----------------------------|-------------------------|--------------- ...

江苏东华测试技术股份有限公司 2019 年半年度报告全文 江苏东华测试技术股份有限公司 2019 年半年度报告 2019 年 08 月 1 江苏东华测试技术股份有限公司 2019 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。 公司负责人刘士钢、主管会计工作负责人孙武及会计机构负责人(会计主管 人员)孙武声明：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。 公司在本报告第四节"经营情况讨论与分析-公司面临的风险和应对措施" 部分，详细描述了公司经营中可能存在的风险及应对措施，敬请投资者关注相 关内容。 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 江苏东华测试技术股份有限公司 2019 年半年度报告全文 目录 | --- | --- | |--------------------------------------------------------------------------------- ...

江苏东华测试技术股份有限公司 2018 年年度报告全文 江苏东华测试技术股份有限公司 2018 年年度报告 2019 年 04 月 1 江苏东华测试技术股份有限公司 2018 年年度报告全文 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、误导性陈述或重大遗漏，并承担个别和连 带的法律责任。 公司负责人刘士钢、主管会计工作负责人孙武及会计机构负责人(会计主管 人员)孙武声明：保证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。 本报告中如有涉及未来的计划、业绩预测等方面的内容，均不构成本公司 对任何投资者及相关人士的实质承诺，投资者及相关人士均应对此保持足够的 风险认识，并且应当理解计划、预测与承诺之间的差异，敬请广大投资者注意 投资风险。 （一） 行业竞争风险 公司是国内结构力学性能测试行业的规模企业，产品技术包括力学、机械 | --- | |-------------------------------------------------------------------------| | ...

Financial Performance - Total revenue for Q1 2019 was CNY 19,847,404.03, representing a 56.28% increase compared to CNY 12,699,948.39 in the same period last year[8] - Net profit attributable to shareholders was a loss of CNY 2,354,602.93, an improvement of 42.86% from a loss of CNY 4,120,688.92 year-on-year[8] - Basic earnings per share for the period was -CNY 0.017, a 42.86% improvement from -CNY 0.030 in the same period last year[8] - The company reported a net loss attributable to shareholders of ¥2.35 million for the quarter[24] - The net profit for Q1 2019 was -2.35 million yuan, indicating a loss but an improvement from the previous year's performance[31] - The total comprehensive loss for the current period was ¥2,354,602.93, an improvement from a comprehensive loss of ¥4,120,688.92 in the previous period[81] - The net profit for the current period is 162,872.10, compared to a net loss of 2,198,532.67 in the previous period, indicating a significant recovery[89] - The total comprehensive income for the current period is 162,872.10, while the previous period recorded a total comprehensive loss of 2,198,532.67[89] Cash Flow - Net cash flow from operating activities was a negative CNY 10,518,649.56, which is a 35.27% improvement from a negative CNY 16,249,958.88 in the previous year[8] - Cash inflows from operating activities totaled 35,942,431.58, an increase from 24,967,704.17 in the previous period[93] - Cash outflows from operating activities amounted to 46,461,081.14, compared to 41,217,663.05 in the previous period[93] - The net cash flow from operating activities is -10,518,649.56, improving from -16,249,958.88 in the previous period[93] - Cash outflows from investing activities were 1,414,321.00, a decrease from 14,258,221.26 in the previous period[96] - The net cash flow from investing activities is -1,414,321.00, compared to -14,258,221.26 in the previous period[96] - Cash and cash equivalents at the end of the period are 61,309,757.86, down from 46,244,660.52 in the previous period[96] - Cash flow from investing activities was -$1,414,321.00, an improvement from -$14,215,337.85 in the previous period, indicating a 90% reduction in cash outflow[98] Assets and Liabilities - Total assets at the end of the reporting period were CNY 392,089,587.66, a slight increase of 0.68% from CNY 389,443,884.14 at the end of the previous year[8] - Total current assets increased to ¥238,744,880.78 as of March 31, 2019, compared to ¥234,409,466.84 at the end of 2018, reflecting a growth of approximately 1.4%[59] - Total liabilities rose to ¥36,678,976.94 from ¥31,678,670.49, indicating an increase of approximately 15.7%[62] - Total liabilities increased to ¥43,780,209.26, up from ¥37,638,379.00 in the previous period, reflecting a growth of 16.3%[75] - The company reported a total equity of ¥355,410,610.72, slightly down from ¥357,765,213.65, a decrease of about 0.7%[65] - Total equity attributable to shareholders reached CNY 357,765,213.65, with undistributed profits of CNY 98,510,621.33[112] - Total assets were reported at CNY 415,715,614.47, with current assets totaling CNY 238,933,185.41[118] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,414[11] - The largest shareholder, Liu Shigang, held 50.44% of the shares, amounting to 69,765,930 shares[11] - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period[15] Government Subsidies - The company received government subsidies amounting to CNY 850,000.00 during the reporting period[8] - The company received government subsidies amounting to ¥0.85 million, a 42.67% increase from the previous year[21] Operational Insights - The company is advancing its R&D projects, including an electrochemical workstation aimed at breaking foreign monopolies in the market[24] - The company plans to enhance its product standardization and develop new industry-specific software modules to improve competitiveness[31] - The company aims to improve its marketing and after-sales service network to better respond to market demands[31] - The company anticipates challenges in profit growth due to increased depreciation and labor costs from expanding its projects[31] - The company is focusing on enhancing its product offerings and market expansion strategies, although specific new products or technologies were not detailed in the report[68] Risks and Challenges - The company faces risks from industry competition, with new competitive technologies potentially impacting traditional product markets[31] - The company is cautious about the implementation of its projects due to macroeconomic slowdowns and uncertainties in the downstream market[31] - Rising costs due to increased sales and management expenses, as well as labor costs, are expected to impact operating performance[33] Investment and Projects - The total amount of raised funds is 195,073.63 million yuan, with 146,754.47 million yuan already invested[35] - The company has completed the "Intelligent Structural Mechanics Performance Testing Analysis System Product Expansion Project" with an investment of 623.52 million yuan, achieving 100% of the planned progress[38] - The company has invested RMB 62,351,893.85 in the "Intelligent Structural Mechanics Performance Testing and Analysis System Expansion Project," with a total remaining balance of RMB 11,898,840.84[46] - The company decided to postpone the implementation of certain fundraising projects to December 31, 2019, due to market conditions and operational needs[42] Miscellaneous - The company has not faced any overdue commitments from major stakeholders during the reporting period[34] - The company has not reported any violations regarding external guarantees during the reporting period[49] - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[52] - The first quarter report was not audited, indicating a preliminary financial assessment[124]

Financial Performance - Operating revenue for the reporting period was CNY 32,828,926.82, an increase of 2.22% year-on-year[7] - Net profit attributable to shareholders was CNY 1,460,409.98, representing a significant increase of 24.70% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 1,177,452.24, up 9.27% year-on-year[7] - Basic earnings per share for the reporting period were CNY 0.0106, an increase of 24.71% compared to the same period last year[7] - The weighted average return on equity was 0.42%, reflecting an increase of 23.53% year-on-year[7] - Total operating revenue for the third quarter was CNY 32,828,926.82, an increase from CNY 32,116,478.36 in the previous period[33] - The net profit for Q3 2018 reached CNY 2,733,676.32, compared to CNY 1,838,170.91 in the same period last year, representing a growth of approximately 48.7%[40] - The total profit for Q3 2018 was CNY 2,848,499.30, up from CNY 2,073,705.41 in the previous year, reflecting a year-over-year increase of about 37.4%[39] - The company reported a total comprehensive income of CNY 2,733,676.32 for Q3 2018, up from CNY 1,838,170.91 in the previous year[40] - The company's net profit for Q3 2018 reached CNY 2,481,759.67, a significant increase of 80.5% compared to CNY 1,376,025.87 in the same period last year[43] Assets and Liabilities - Total assets at the end of the reporting period were CNY 396,923,114.84, a decrease of 0.75% compared to the end of the previous year[7] - The company's total assets were CNY 396,923,114.84, slightly down from CNY 399,911,815.58 at the beginning of the period[28] - Total liabilities decreased to CNY 47,923,485.96 from CNY 52,010,849.37[28] - Owner's equity totaled CNY 348,999,628.88, a slight increase from CNY 347,900,966.21[28] - The company reported a decrease in short-term borrowings, reflecting improved liquidity management[28] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY -8,865,854.43, a decrease of 64.23%[7] - Cash flow from operating activities increased by 63.28% to ¥27,560,000.82, indicating higher cash expenditures[19] - Cash flow from operating activities showed a net outflow of CNY -8,865,854.43, worsening from CNY -5,398,591.56 in the previous year[48] - The company's cash flow from operating activities showed a net outflow of CNY 5,658,732.61, compared to a net outflow of CNY 412,385.40 in the previous period, indicating a decline in operational cash generation[53] - Total cash inflow from investment activities was CNY 615,931.94, while cash outflow was CNY 15,249,917.29, resulting in a net cash flow from investment activities of -CNY 14,633,985.35, worsening from -CNY 10,870,090.51 in the previous period[50] - The financing activities resulted in a net cash outflow of CNY 5,723,025.04, compared to -CNY 3,088,463.06 in the previous period, reflecting increased cash outflows for debt repayment and dividend distribution[54] - The ending balance of cash and cash equivalents decreased to CNY 49,709,319.18 from CNY 78,800,076.79 at the beginning of the period, indicating a significant reduction in liquidity[51] - The company reported a total cash and cash equivalents net decrease of CNY 29,090,757.61 during the period, compared to a decrease of CNY 19,440,988.78 in the previous period[50] Expenses and Investments - Total operating costs amounted to CNY 32,392,315.58, compared to CNY 31,996,366.99 in the prior period[33] - Research and development expenses increased significantly to CNY 4,900,150.88, up from CNY 2,585,067.74 year-over-year[33] - Cash paid for fixed asset purchases increased by 39.29% to ¥15,249,917.29, reflecting ongoing capital investments[19] - The company incurred cash payments of CNY 44,118,100.40 for purchasing goods and services, up from CNY 33,354,338.90 in the previous period, indicating higher operational costs[53] - The cash flow from investment activities showed a significant outflow of CNY 15,221,803.67 for the acquisition of fixed assets and intangible assets, compared to CNY 11,058,154.01 in the previous period[54] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,465[11] - The largest shareholder, Liu Shigang, holds 51.18% of the shares, with 54,315,990 shares pledged[11] Other Financial Metrics - The company reported a total of CNY 1,023,731.52 in non-recurring gains and losses for the year-to-date[8] - The company reported a 95.92% reduction in asset impairment losses, indicating improved receivables recovery[18] - The company experienced a decrease in asset impairment losses, which were CNY 316,282.47 compared to CNY 2,624,175.85 in the previous year, suggesting improved asset management[38] - The company has no overdue commitments or violations regarding external guarantees during the reporting period[21] - The impact of exchange rate changes on cash and cash equivalents was a positive CNY 132,107.21, contrasting with a negative impact of -CNY 83,843.65 in the previous period[50] - The company has not undergone an audit for the third quarter report, which may affect the reliability of the financial data presented[55]

Financial Performance - Total revenue for the reporting period was ¥50,540,700.59, a decrease of 0.43% compared to the same period last year[24]. - Net profit attributable to shareholders increased by 398.44% to ¥1,021,349.69 from ¥204,909.56 in the previous year[24]. - Net profit after deducting non-recurring gains and losses rose by 337.76% to ¥280,575.91 from ¥64,093.29 year-on-year[24]. - Basic and diluted earnings per share increased by 393.33% to ¥0.0074 from ¥0.0015[24]. - Net cash flow from operating activities was negative at -¥13,850,268.21, a decline of 114.01% compared to -¥6,471,897.40 last year[24]. - Total assets decreased by 4.22% to ¥383,048,179.71 from ¥399,911,815.58 at the end of the previous year[24]. - Cash and cash equivalents decreased by ¥33,860,000, a reduction of 43% due to payments for project costs and loan repayments[32]. - Inventory increased by ¥11,990,000, representing a 24% rise due to increased procurement cycles and stockpiling to mitigate supply risks[32]. Subsidiaries and Growth - The company has five wholly-owned subsidiaries as of the end of the reporting period, indicating significant growth in asset and business scale since its listing[9]. - The company has established a stable technical team with expertise in various fields, enhancing its overall technical strength and R&D capabilities[35]. - The company has developed a comprehensive product line, including portable, handheld, wireless, and robust testing systems, catering to various industry needs[37]. - The company has obtained 66 valid patents and software copyrights, with 2 new software copyrights added during the reporting period[43]. Market and Competition - The company is facing risks from intensified market competition and the emergence of new technologies that could affect sales growth and profit margins[6]. - The company is committed to improving management capabilities and introducing effective performance evaluation and talent management systems to mitigate operational risks[78]. - The company is focusing on R&D of new products and technologies, with several new products already in mass production[43]. Investment and Financial Strategy - The company is committed to using raised funds prudently to ensure safety and efficiency in capital utilization while accelerating project implementation[8]. - The company plans to adjust the implementation progress of investment projects based on market conditions and operational needs, delaying several projects to December 31, 2018[64]. - The company has implemented a cautious investment strategy to avoid blind expansion and resource waste[64]. - The company aims to improve profitability by adjusting production capacity and responding to market demand changes[64]. Governance and Compliance - The company is committed to enhancing its governance structure to ensure transparency and protect shareholder interests[45]. - The company has established a framework to manage conflicts of interest and ensure compliance with industry regulations[86]. - The company has reiterated its commitment to transparency and adherence to corporate governance standards[86]. - The company has fulfilled all commitments made to minority shareholders in a timely manner[90]. Shareholder Information - The company will not distribute cash dividends or issue bonus shares for the reporting period[12]. - The company reported a profit distribution of -1,383,400.00 yuan, indicating a significant reduction in profit allocation to shareholders[175]. - The total number of common shareholders at the end of the reporting period is 11,080[135]. - Liu Shigang holds 51.45% of shares, with a total of 71,171,320 shares, having reduced his holdings by 1,250,000 shares during the reporting period[136]. Operational Challenges - The company anticipates increased costs and expenses due to project implementation and market expansion, which may lead to a decline in gross and net profit margins[11]. - The company is facing risks from increased competition and potential declines in gross margin due to new competitive technologies and improved localization by foreign companies[76]. - The company has implemented a user interaction platform to collect customer feedback and improve user experience[43]. Cash Flow and Financial Health - The net cash flow from operating activities was -10,288,524.11 CNY, compared to -2,841,608.22 CNY in the previous period, indicating a significant decline in operational cash flow[171]. - The ending balance of cash and cash equivalents was 39,288,142.39 CNY, down from 80,648,734.20 CNY year-over-year[172]. - The company experienced a cash decrease of 29,972,022.66 CNY in the current period, compared to a decrease of 12,424,627.73 CNY in the previous period[172]. Accounting and Reporting - The financial statements are prepared based on the going concern principle and comply with the relevant accounting standards and regulations[186]. - The company confirms that its financial statements reflect a true and complete view of its financial position, operating results, and cash flows[189]. - The company has not made any changes to accounting policies that would affect the equity figures reported[182].