Financial Performance - In 2015, the company experienced a decline of over 20% in revenue during the first three quarters, with expectations for a slight improvement by year-end, pending the annual report [2] - The main products remain traditional U-Key and OTP, with a focus on breakthroughs in smart card technology [2] Product Development - The company introduced advanced smart cards at the Paris Card Expo, integrating identity authentication functions into chip cards [2] - The new smart card features multiple technologies, including battery technology, input/output technology, and display technology, amidst fierce market competition [3] Market Expansion - The company has entered the public transport card market by incorporating Disney characters into its designs, with plans to release new character cards in conjunction with Disney movie releases in 2016 [3] - The third-party payment company has been established, but its future depends on national policies regarding payment licenses [3] Strategic Positioning - The company's investment in third-party payment is only 10%, indicating it is not a core business focus [3] - The rise of convenient payment methods like Alipay and WeChat Pay presents potential target markets for the company, which aims to provide security solutions for these platforms [3]

证券代码：300386 证券简称：飞天诚信 飞天诚信科技股份有限公司投资者关系活动记录表 编号：2015-002 | --- | --- | --- | |----------------|--------------------|---------------------------------| | | | | | 投资者关系活动 | √ 特定对象调研 | □ 分析师会议 | | 类别 | □ 媒体采访 | 业绩说明会 | | | □ 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 | 君合泰达：刘海军 | 星石投资：罗敏 | | 人员姓名 | 君合泰达：胡宾 | 长城证券：金炜 | | | 中投证券：李成 | 永赢基金：蔡霖 | | | 方正证券：李红生 | 中大投资：曲芳 | | | 金百镕投资：崔墨男 | 道睿择投资：张劲松 | | | 金鹰基金：攀勇 | 金元证券：徐文峰 | | | 金鹰基金：冼鸿鹏 | 金元证券:李晓宇 | | | 弘则研究：张晶 | 中融基金：陈友章 | | | 弘则研究：韩雨奇 | 长 ...

证券代码：300386 证券简称：飞天诚信 飞天诚信科技股份有限公司投资者关系活动记录表 编号：2016-001 | --- | --- | --- | |----------------|-----------------------------------|--------------------------| | | | | | 投资者关系活动 | √ 特定对象调研 □分析师会议 | | | 类别 | □ 媒体采访 □业绩说明会 | | | | □ 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 | 中国人寿：刘军伟、邵仅伯 | 华泰证券：蔡嵩松 | | 人员姓名 | 华创证券：田山川 | 瑞丰基金：段尧 | | | 万盟盛世：刘世凯、陈玉杰 | 瑞瀚资产：王永成、何天宇 | | | 太平洋证券：徐中华、李冰 | 兴业证券：袁煜明 | | | 桓 | 纵横资本：陈科 | | | 张际、李健 | 国元证券：何军 | | | 华创证券：王冠然、周楷宁 | 九泰基金：刘越 | | | 中泰证券：方闻千 | 海通证券：朱茜 ...

Group 1: Company Overview - The company is named Feitian Technology Co., Ltd., with stock code 300386 [1] - The investor relations activity was recorded on March 20, 2017, in Beijing [3] Group 2: Key Personnel - Participants included financial director Zhu Baoxiang, board secretary Wu Bi, and deputy general manager Yan Yan [3] - Various investment firms and representatives were involved, including Industrial Securities and CITIC Securities [2] Group 3: Market and Product Insights - The company is focusing on blockchain technology, emphasizing information authentication and security [4] - The market for active cards is being approached with a strategy of starting overseas before expanding domestically, driven by rigid overseas demand [4] - The company is a board member of the FIDO Alliance, which standardizes online authentication systems [4] Group 4: Risks and Opportunities - The bidding process may lead to a decrease in product prices, presenting both opportunities and risks for the company [3] - The evolution of payment environments and consumer habits will influence product upgrades [4]

证券代码：300386 证券简称：飞天诚信 1 飞天诚信科技股份有限公司投资者关系活动记录表 编号：2017-001 | --- | --- | --- | |----------------|-----------------------------------|--------------------------------------------------| | | | | | 投资者关系活动 | √ 特定对象调研 □分析师会议 | | | 类别 | □ 媒体采访 □业绩说明会 | | | | □ 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 | 聚睿投资：汲亚飞、陈俊良 | 康曼德资本：段桂培 | | 人员姓名 | 太平洋证券：徐中华、张际 | 东吴证券：朱悦如 | | | 李冰桓 | 兴全基金：陆士杰 | | | 鑫舵资产：杨西媛 | 中银国际证券：谭鹏鹏 | | | 睿盟投资：杨湘云 | 新华汇嘉投资：高晗 | | | 信达证券：边铁城、袁海宁 | 神农投资：刘 奇 | | | 周 皓 | 海通证券：谢春生 ...

Financial Performance - The company's revenue for Q3 2022 was ¥227,106,192.92, representing a 4.42% increase year-over-year, while the year-to-date revenue reached ¥625,099,525.55, up 17.04% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2022 was a loss of ¥23,697,300.26, a decrease of 93.47% year-over-year, with a year-to-date loss of ¥47,063,048.06, down 23.10% compared to the previous year[5]. - The basic and diluted earnings per share for Q3 2022 were both -¥0.0600, marking a 100% decrease year-over-year[5]. - The net profit for the current period was a loss of ¥47,029,693.73, compared to a loss of ¥37,445,520.26 in the same period last year, reflecting a deterioration in performance[19]. - The company reported a total comprehensive loss of ¥41,245,080.04, slightly worse than the loss of ¥40,074,002.18 in the prior year[20]. - Basic and diluted earnings per share were both reported at -¥0.11, compared to -¥0.09 in the previous period[20]. Assets and Liabilities - The total assets at the end of Q3 2022 were ¥2,023,926,677.62, a decrease of 0.73% from the end of the previous year[5]. - The company's total current assets as of September 30, 2022, amount to ¥1,210,243,319.33, a decrease from ¥1,354,624,616.64 at the beginning of the year[14]. - Total liabilities as of September 30, 2022, are ¥232,985,818.08, up from ¥206,627,869.35 at the beginning of the year[15]. - The company's total assets amount to ¥2,023,926,677.62, slightly down from ¥2,038,813,808.93[16]. - The total equity attributable to shareholders decreased from ¥1,813,891,902.40 to ¥1,784,123,358.52[16]. Cash Flow - The cash flow from operating activities showed a net outflow of ¥255,613,261.02 year-to-date, a decrease of 58.17% compared to the previous year[5]. - The cash flow from operating activities showed a net outflow of ¥255,613,261.02, worsening from a net outflow of ¥161,607,070.67 in the previous period[20]. - Cash and cash equivalents decreased from ¥720,262,648.65 to ¥437,350,923.26 during the same period[14]. - Cash and cash equivalents at the end of the period were ¥434,626,589.49, down from ¥697,381,571.55 at the end of the previous period[21]. - Investment activities resulted in a net cash outflow of ¥23,611,902.46, a significant decrease from a net inflow of ¥105,463,469.68 in the prior period[21]. Operational Metrics - Accounts receivable increased by 64.37% year-over-year, reaching ¥152,342,392.50, primarily due to outstanding payments from customers[9]. - Inventory rose by 30.73% year-over-year to ¥425,704,435.81, attributed to an increase in raw materials[9]. - The company reported a significant increase in prepayments, which rose by 152.97% year-over-year to ¥84,287,620.46, mainly due to advanced payments for smart terminal product purchases[9]. - The company experienced a 52.27% increase in cash paid for goods and services, totaling ¥566,971,713.65, primarily due to higher procurement costs for smart terminal products[9]. - The company recorded a loss of ¥1,712,357.37 in investment income, a decrease of 135.43% year-over-year, mainly due to losses from equity disposals[9]. - Research and development expenses increased to ¥85,071,913.07, representing a 26.3% rise from ¥67,361,578.34 year-over-year[17]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 34,736[12]. - The largest shareholder, Huang Yu, holds 30.31% of shares, totaling 126,700,046 shares[12].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥397,993,332.63, representing a 25.70% increase compared to ¥316,616,895.51 in the same period last year[27]. - The net loss attributable to shareholders was ¥23,365,747.80, an improvement of 10.07% from a loss of ¥25,982,799.98 in the previous year[27]. - The net cash flow from operating activities was -¥260,145,797.32, a decline of 51.65% compared to -¥171,545,896.09 in the same period last year[27]. - The company's revenue for the reporting period reached ¥397,993,332.63, representing a year-on-year increase of 25.7% primarily due to the growth in smart terminal product sales[51]. - Operating costs increased by 44.94% to ¥264,484,069.08, attributed to the corresponding rise in costs associated with smart terminal product sales[51]. - The net loss attributable to shareholders was ¥23,365,700, indicating that the overall gross margin decline could not cover operating expenses[51]. - The total comprehensive income for the first half of 2022 was a loss of CNY 20,735,391.15, compared to a loss of CNY 27,591,824.87 in the same period last year[137]. - The total revenue for the first half of 2022 was approximately 24.365 billion yuan, representing a 9.2% increase compared to the same period in 2021[149]. - The net profit attributable to shareholders was approximately 11.509 billion yuan, with a profit margin of 7.8%[149]. Research and Development - The company plans to invest in research and development to enhance innovation capabilities, despite the inherent risks associated with R&D investments[9]. - The company has committed to optimizing R&D directions to improve market judgment capabilities and enhance efficiency in development processes[9]. - Research and development expenses rose by 24.32% to ¥54,312,861.20, reflecting the company's commitment to innovation[51]. - The company is investing heavily in R&D, with a budget allocation of 1.8 billion yuan for new technologies and product development in 2022[150]. - The company is focusing on research and development of new products, aiming to enhance its competitive edge in the market[154]. - The company aims to enhance its technological capabilities through ongoing research and development initiatives[159]. Market Expansion and Strategy - The company has made progress in expanding into the smart terminal sector, although future performance may be adversely affected by changes in the economic environment[6]. - The company plans to continue expanding its market presence and enhance product sales, focusing on next-generation security chips and systems to increase product value[44]. - The company plans to pursue strategic acquisitions to enhance its technology portfolio, with a target of completing at least two acquisitions by the end of 2022[149]. - Market expansion efforts include entering three new international markets, aiming for a 15% increase in global market share by the end of 2023[149]. - The company is focusing on maintaining its existing product market while exploring new product development and market expansion to create new growth points[5]. Financial Position and Assets - The total assets at the end of the reporting period were ¥2,046,869,128.32, a slight increase of 0.40% from ¥2,038,813,808.93 at the end of the previous year[27]. - The company's total assets as of June 30, 2022, were CNY 1,844,810,173.12, slightly up from CNY 1,840,816,833.81 at the beginning of the year[132]. - The total liabilities increased to CNY 210,803,690.26 as of June 30, 2022, from CNY 182,847,329.18 at the start of the year, reflecting a rise of about 15.3%[134]. - The total owner's equity at the end of the reporting period was approximately 1.657 billion yuan, with a significant portion attributed to retained earnings[156]. - The total assets of the company at the end of the reporting period were approximately 418.04 billion yuan, reflecting a stable financial position[150]. Shareholder Information - The company will not distribute cash dividends or issue bonus shares for the reporting period[11]. - The company approved a stock incentive plan in 2021, granting 4.58 million shares at a price of 10.00 per share to 104 eligible participants[82]. - A total of 207.2 million shares of the stock incentive plan were canceled due to performance not meeting the required targets and some participants leaving the company[82]. - The number of shareholders holding more than 5% of ordinary shares includes Huang Yu with 30.31% and Lu Zhou with 12.59%[116]. - The report indicates that the company has a total of 38,365 shareholders at the end of the reporting period[116]. Risk Management - The company emphasizes careful market research and risk management in its business operations to mitigate potential risks[8]. - The company acknowledges the risk of underperformance in new business ventures, which could negatively impact financial results[6]. - The company has established marketing centers in major cities and has a professional service team to support its global customer base[37]. Operational Efficiency - The gross profit margin for the first half of 2022 was reported at 76%, indicating strong operational efficiency[149]. - The company has set a target to reduce operational costs by 10% through process optimization and automation initiatives[149]. Legal and Compliance - The company did not experience any major litigation or arbitration matters during the reporting period[93]. - The company reported no significant environmental issues or administrative penalties during the reporting period[85]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[89]. Miscellaneous - The company has not reported any changes in its registered address or contact information during the reporting period[24]. - The company did not engage in any fundraising activities during the reporting period[66]. - The company did not report any major strategic initiatives or market expansions during the reporting period[109].

Financial Performance - The company's revenue for Q1 2022 was ¥166,606,986.92, representing a 27.57% increase compared to ¥130,599,275.73 in the same period last year[3] - The net profit attributable to shareholders was a loss of ¥6,455,764.90, an improvement of 41.75% from a loss of ¥11,082,393.77 in the previous year[3] - The net profit for Q1 2022 was -6,390,822.18 CNY, an improvement from -11,388,585.24 CNY in Q1 2021, representing a 43.5% reduction in losses[19] - The total comprehensive income for Q1 2022 was -6,768,780.71 CNY, compared to -11,681,871.41 CNY in Q1 2021, representing a 42.3% reduction in comprehensive losses[20] - The total operating profit for Q1 2022 was -12,592,470.68 CNY, an improvement from -15,046,345.92 CNY in Q1 2021, indicating a 16.3% reduction in operating losses[19] Cash Flow and Liquidity - The net cash flow from operating activities was a negative ¥115,189,203.88, which is an 8.92% increase in outflow compared to the previous year's negative ¥105,757,453.10[3] - Cash flow from operating activities showed a net outflow of -115,189,203.88 CNY in Q1 2022, compared to -105,757,453.10 CNY in Q1 2021, reflecting a worsening of approximately 8.5%[23] - The company's cash and cash equivalents decreased to CNY 602,572,928.47 from CNY 720,262,648.65 at the beginning of the year[15] - The cash and cash equivalents at the end of Q1 2022 were 596,806,723.36 CNY, a decrease from 346,864,524.50 CNY at the end of Q1 2021, indicating a decline of about 72.4%[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,059,459,135.55, a 1.01% increase from ¥2,038,813,808.93 at the end of the previous year[3] - Total assets as of March 31, 2022, were CNY 2,059,459,135.55, compared to CNY 2,038,813,808.93 at the beginning of the year[16] - Total liabilities increased to CNY 234,041,976.68 from CNY 206,627,869.35, indicating a rise in financial obligations[17] - The company's total equity decreased slightly to CNY 1,825,417,158.87 from CNY 1,832,185,939.58[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 41,775[10] - The top shareholder, Huang Yu, holds 30.31% of the shares, totaling 126,700,046 shares[10] Operational Metrics - The company's basic earnings per share improved to -¥0.02 from -¥0.03, reflecting a 33.33% increase[3] - Operating revenue from sales of goods and services increased to 141,932,932.69 CNY in Q1 2022, compared to 126,085,951.50 CNY in Q1 2021, marking an increase of approximately 12.5%[22] - The company's operating costs rose by 42.32% to ¥108,755,968.02, driven by increased sales of smart terminal products[7] - Total operating costs for Q1 2022 amounted to CNY 178,863,717.27, up from CNY 152,161,222.80 in the previous period[18] - The company reported a net profit margin decline due to increased costs, with operating costs rising by approximately 17.6% compared to the previous period[18] Accounts Receivable and Inventory - Accounts receivable increased by 40.11% to ¥129,854,781.15, primarily due to outstanding payments from customers[7] - Accounts receivable increased to CNY 129,854,781.15 from CNY 92,679,939.28 at the beginning of the year, indicating a rise in credit sales[15] - Inventory rose to CNY 384,472,216.89 from CNY 325,648,656.00, reflecting increased stock levels[15] Government Support and R&D - Government subsidies recognized during the period amounted to ¥3,138,412.06, contributing to the overall financial performance[5] - Research and development expenses decreased to 19,457,951.37 CNY in Q1 2022 from 25,950,216.02 CNY in Q1 2021, a reduction of about 25%[19] Future Outlook - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[1]

Financial Performance - The company's revenue for Q1 2022 was CNY 166,606,986.92, representing a 27.57% increase compared to CNY 130,599,275.73 in the same period last year[3]. - The net profit attributable to shareholders was a loss of CNY 6,455,764.90, an improvement of 41.75% from a loss of CNY 11,082,393.77 in the previous year[3]. - The company reported a net loss of CNY 12,256,730.35 for Q1 2022, compared to a net loss of CNY 21,561,947.07 in Q1 2021[18]. - The net profit for Q1 2022 was -6,390,822.18 CNY, an improvement from -11,388,585.24 CNY in Q1 2021, representing a 43.5% reduction in losses[19]. - Operating profit for Q1 2022 was -12,592,470.68 CNY, compared to -15,046,345.92 CNY in the same period last year, indicating a 16.3% improvement[19]. - The total comprehensive income for Q1 2022 was -6,768,780.71 CNY, compared to -11,681,871.41 CNY in Q1 2021, showing a 42.3% improvement[20]. Cash Flow and Assets - The net cash flow from operating activities was a negative CNY 115,189,203.88, which is an 8.92% increase in outflow compared to a negative CNY 105,757,453.10 in the same period last year[3]. - The company's cash and cash equivalents decreased to CNY 602,572,928.47 from CNY 720,262,648.65 at the beginning of the year, representing a decline of 16.4%[15]. - The cash flow from operating activities was -115,189,203.88 CNY, slightly worse than -105,757,453.10 CNY in the previous year[24]. - The cash and cash equivalents at the end of Q1 2022 were 596,806,723.36 CNY, compared to 346,864,524.50 CNY at the end of Q1 2021, an increase of 72%[24]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,059,459,135.55, a 1.01% increase from CNY 2,038,813,808.93 at the end of the previous year[3]. - The total liabilities increased to CNY 234,041,976.68 from CNY 206,627,869.35, marking an increase of 13.2%[17]. - The total equity attributable to shareholders was CNY 1,818,568,069.46, slightly up from CNY 1,813,891,902.40 at the beginning of the year[17]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 41,775[10]. - The top shareholder, Huang Yu, holds 30.31% of the shares, totaling 126,700,046 shares[10]. Operating Costs and Revenue - The company's operating costs rose by 42.32% to CNY 108,755,968.02, attributed to increased sales of smart terminal products[7]. - The total operating revenue for Q1 2022 was CNY 166,606,986.92, an increase of 27.6% compared to CNY 130,599,275.73 in the same period last year[18]. - The total operating costs for Q1 2022 were CNY 178,863,717.27, up 17.6% from CNY 152,161,222.80 in Q1 2021[18]. - The total operating expenses increased to 266,907,529.40 CNY from 243,520,411.56 CNY, a rise of 9.6%[23]. - Total revenue from operating activities was 151,718,325.52 CNY, up from 137,762,958.46 CNY in Q1 2021, reflecting a growth of 10.1%[23]. Research and Development - Research and development expenses decreased to 19,457,951.37 CNY from 25,950,216.02 CNY, a reduction of 25%[19]. Future Plans - The company plans to continue focusing on market expansion and new product development in the upcoming quarters[12].

Financial Performance - The company achieved operating revenue of 779.31 million yuan, a decrease of 13.26% compared to the same period last year[4]. - The net profit attributable to shareholders of the listed company was a loss of 48.87 million yuan, marking a shift from profit to loss year-on-year[4]. - The decline in revenue was primarily due to a significant drop in sales of USB Key and dynamic token products, alongside rising operating expenses[4]. - The net cash flow from operating activities was ¥8,917,580.37, down 82.28% from ¥50,338,161.99 in the previous year[25]. - The company reported a basic earnings per share of -¥0.12 for 2021, a drop of 180.00% from ¥0.15 in 2020[25]. - The company reported a net profit attributable to shareholders of approximately -¥11.08 million in the first quarter of 2021, indicating ongoing financial challenges[55]. Revenue Breakdown - USB Key products generated revenue of ¥296.57 million, accounting for 38.06% of total revenue, with a year-on-year decrease of 22.96%[53]. - Revenue from smart terminal systems reached ¥216.25 million, representing 27.75% of total revenue, and increased by 45.24% year-on-year[50]. - Chip products contributed ¥100.95 million to revenue, making up 12.95% of total revenue, with a year-on-year increase of 24.21%[50]. - OTP token products generated revenue of ¥39.46 million, accounting for 5.06% of total revenue, showing a significant decline of 68.53% year-on-year[51]. Market Strategy and Development - The company plans to maintain its existing product market while developing new products and expanding into other markets to cultivate new growth points[5]. - The company plans to expand its focus on next-generation security chips, devices, and systems while continuing to develop its core identity authentication business[34]. - The company aims to leverage its technological advantages to enhance its product offerings and market presence in the information security sector[39]. - The company is exploring potential acquisitions to enhance its technology portfolio, with a focus on cybersecurity firms[43]. - The company is focused on expanding its market presence and enhancing its product offerings, particularly in the field of digital security solutions[106]. Research and Development - The company is investing in R&D, with a budget increase of 30% to support the development of new technologies and products[43]. - The company has filed for 10 new patents in 2021, focusing on security technology and user authentication methods[48]. - The company has developed a compatible PIV fingerprint FIDO2 product, expanding its application scenarios and aiming for a broader market share[70]. - The company is focusing on the development of an industrial-grade high-performance 32-bit security master control chip, which has improved performance by over 100% compared to the previous generation[70]. Governance and Management - The company has established a governance structure that complies with relevant laws and regulations, ensuring independent operations in business, personnel, assets, and finance[99][100]. - The company held three shareholder meetings during the reporting period, with participation rates of 56.52%, 43.08%, and 55.78% respectively[102]. - The company experienced a change in management with the resignation of several key personnel, including the deputy general manager and independent directors, indicating potential shifts in strategic direction[105]. - The company has a strong leadership team with diverse backgrounds in technology and finance, which supports its growth strategy[108]. Employee and Compensation - The total remuneration for the board of directors, supervisors, and senior management in 2021 amounted to CNY 10.3943 million[114]. - Employee compensation accounted for 5.50% of the total operating costs in 2021, amounting to RMB 25.65 million, an increase of 0.34% from the previous year[128][129]. - The company approved a restricted stock incentive plan on April 14, 2021, to enhance employee motivation and retention[133]. - A total of 40 internal training sessions were organized, with 1,452 participants, to enhance employee skills and knowledge[130]. Legal and Compliance - There is an ongoing lawsuit regarding patent rights, with the company defending against claims made by Beijing Xinan Century Technology Co., Ltd.[159]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[145]. - The company has not faced any penalties or rectifications during the reporting period[162]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 20% to 1.8 billion yuan[43]. - The company plans to continue expanding into overseas markets as the international market is expected to recover post-pandemic[94]. - Future industry trends will be influenced by the implementation of the Data Security Law and the Personal Information Protection Law in China[91].