Group 1: Company Overview - Feitian Technologies is a chip design company that collaborates with suppliers like Guomin Technology for chip procurement and develops operating systems for security and performance [2][3]. - The company has over 200 banking clients, each requiring unique COS (Card Operating System) solutions, highlighting the importance of both technology and production management [3]. Group 2: Product Market Insights - The USB-KEY product has reached a certain level of market penetration, with potential for future growth, although the rate may slow down [3]. - The company has maintained an annual growth rate of approximately 30% since its establishment [3]. Group 3: Competitive Positioning - Feitian's USB-KEY and OTP dynamic token products rank among the top three in the domestic market, with a leading position in encryption lock products and coverage of over 200 banking clients [4]. - The competitive landscape has shifted from technology-based competition to market-based competition as the industry evolves [4]. Group 4: International Market Strategy - The overseas market for USB-KEY products is currently limited, but there is a growing presence, with international sales contributing nearly 10% to total revenue [5]. - The company aims for a long-term target of achieving a 50% market share growth, despite differing market environments between China and international markets [4][5]. Group 5: Future Developments - Feitian is exploring breakthroughs in the financial IC card business and actively expanding into international markets [4]. - The company has plans for cloud authentication, which serves as a platform between software and hardware, with market promotion and demand assessment underway [5].

Company Overview - Founded in 1998, the company has evolved from producing encryption locks to employing over 800 staff, with more than half being technical R&D personnel [2] - The core technology is based on embedded operating systems, primarily serving clients in the banking sector [2] Future Developments - The company aims to expand its core technology into the smart card sector, which includes applications such as public transport cards, social security cards, health cards, and residence permit cards [2] - The acquisition of a card factory is intended to support the EMV migration and market expansion, facilitating the upgrade of bank cards [2] OTP Product Insights - Although the unit price of OTP products is declining, the increasing market capacity mitigates the impact on sales revenue [4] - The focus for OTP products is on the international market, particularly banks that widely adopt OTP devices [4] Client Base - The company primarily serves over 180 banks, including major institutions such as Industrial and Commercial Bank of China, Agricultural Bank of China, and China Bank [4] - Other clients include government entities and various enterprises across multiple sectors [4]

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]