Financial Performance - The company achieved total operating revenue of CNY 69,089,341.25, representing a year-on-year increase of 7.30%[27]. - Net profit attributable to shareholders decreased by 28.42% to CNY 13,893,408.16 compared to the same period last year[27]. - The company's basic earnings per share fell by 28.40% to CNY 0.0827[27]. - The company reported a total profit of CNY 17,137,511.04, down 23.8% from CNY 22,441,532.21 year-on-year[133]. - Net profit for the first half of 2016 was CNY 14,317,063.23, a decrease of 27.4% from CNY 19,730,895.13 in the previous year[134]. - Earnings per share (EPS) decreased to CNY 0.0827 from CNY 0.1155, reflecting a decline of 28.4%[134]. - The company reported a significant decrease in government subsidies and VAT refunds, impacting total profit by 23.63%[27]. - The company reported a significant decrease in cash and cash equivalents, down 90.18% to ¥22,683,889.66, primarily due to the previous year's IPO fundraising[29]. Cash Flow and Investments - The net cash flow from operating activities improved significantly, reaching CNY 6,784,783.93, a 130.02% increase from the previous year[27]. - The net cash flow from investing activities surged by 390.70% to ¥25,474,616.79, mainly due to the maturity of bank wealth management products[29]. - The net cash flow from operating activities was 6,784,783.93 CNY, a significant improvement compared to a net outflow of 22,600,891.22 CNY in the previous period[141]. - Total cash inflow from investment activities was 45,331,780.82 CNY, while cash outflow was 19,857,164.03 CNY, resulting in a net cash inflow of 25,474,616.79 CNY[141]. - The net cash flow from financing activities was -9,575,511.06 CNY, a decrease from a net inflow of 262,299,493.57 CNY in the previous period[142]. Assets and Liabilities - The company's total assets increased by 0.44% to CNY 667,726,252.95 at the end of the reporting period[27]. - As of June 30, 2016, the company's total assets were 667,726,300 RMB, and total liabilities were 77,807,100 RMB, resulting in a debt-to-asset ratio of 11.65%[104]. - Total liabilities decreased to RMB 77,807,122.69 from RMB 80,316,095.35, a reduction of about 3.1%[126]. - The company's equity increased to RMB 589,919,130.26 from RMB 584,494,049.99, showing a growth of approximately 0.73%[126]. Business Expansion and Strategy - The company completed the acquisition of 100% equity in Ruitong Xinyuan, which has become a wholly-owned subsidiary[28]. - The company plans to expand into aerospace electronics, MEMS manufacturing, and intelligent manufacturing, aiming to become a leading private technology enterprise group[28]. - The company is focusing on strategic mergers and acquisitions to drive growth and increase market share[147]. - The company is actively developing a high-precision inertial navigation system for military applications, which is currently under research and development[39]. - The company is expanding its business scope from navigation to include aerospace electronics, MEMS manufacturing, unmanned systems, and intelligent manufacturing[30]. Research and Development - Research and development expenses increased by 44.25% to ¥9,879,284.93, accounting for 14.30% of total revenue, as the company accelerated its business layout and R&D investments[29][38]. - The company aims to enhance its competitive strength and seize development opportunities through ongoing R&D projects in various technology fields[39]. - The company is developing a dual-mode high-dynamic satellite navigation system compatible with BeiDou/GPS, which is currently under research and development[39]. Risks and Challenges - The company faces risks related to accounts receivable growth, market competition, and seasonal sales fluctuations[23][24]. - The accounts receivable at the end of the reporting period were significant, posing risks to cash flow and operational capital due to lengthy payment processes from large clients in defense and aviation sectors[48]. - The company acknowledges seasonal sales fluctuations in its navigation products, with a tendency for lower revenue in certain quarters, particularly in the first half of the year[51]. - The company faces risks from intensified market competition as it expands its business into new sectors like industrial control, communications, and biomedical applications[49]. Shareholder and Capital Structure - The company reported a total of 84,000,000 shares as of December 31, 2015, with a cash dividend of 1.2 RMB per 10 shares, totaling 10,080,000 RMB distributed for the 2015 fiscal year[70]. - The company implemented a capital reserve conversion plan, increasing total shares from 84,000,000 to 168,000,000 by converting 10 shares into 10 additional shares[70]. - The company decided not to distribute profits for the first half of 2016 due to increased funding needs for business expansion and product development[72]. - The total number of shareholders at the end of the reporting period is 9,162[110]. - Yang Yunchun holds 55.73% of the shares, totaling 93,621,814 shares, with 46,810,907 shares pledged[110]. Financial Management and Compliance - The company has not made any retrospective adjustments or restatements to previous accounting data[16]. - The financial report for the first half of 2016 covers the period from January 1 to June 30, 2016[9]. - The company has not reported any major changes in the feasibility of the projects or any significant changes in the use of raised funds[61]. - The company’s profit distribution plan for 2015 was compliant with relevant regulations and was approved by the board and shareholders[69]. - The company has committed to a profit distribution policy as detailed in its prospectus, ensuring that retained earnings prior to the issuance are allocated accordingly[96].

Financial Performance - The company's operating revenue for 2015 was approximately ¥170.97 million, representing a 0.93% increase compared to ¥169.39 million in 2014[21]. - The net profit attributable to shareholders for 2015 was approximately ¥47.63 million, a decrease of 11.70% from ¥53.94 million in 2014[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥41.18 million, down 19.60% from ¥51.22 million in 2014[21]. - The net cash flow from operating activities for 2015 was approximately ¥20.35 million, a decline of 31.41% compared to ¥29.67 million in 2014[21]. - The total assets at the end of 2015 were approximately ¥664.81 million, an increase of 68.58% from ¥394.36 million at the end of 2014[21]. - The net assets attributable to shareholders at the end of 2015 were approximately ¥577.50 million, up 119.00% from ¥263.70 million at the end of 2014[21]. - The basic earnings per share for 2015 were ¥0.63, a decrease of 26.74% from ¥0.86 in 2014[21]. - The diluted earnings per share for 2015 were also ¥0.63, reflecting the same decrease of 26.74% from ¥0.86 in 2014[21]. - The weighted average return on equity for 2015 was 10.76%, down 11.31% from 22.07% in 2014[21]. - Quarterly operating revenue for Q4 2015 was approximately ¥82.62 million, with a net profit of approximately ¥26.98 million attributable to shareholders[23]. Cash Flow and Investments - The net cash flow from operating activities for 2015 was negative CNY 25,302,626.39, compared to positive CNY 2,701,735.17 in 2014, indicating a significant deterioration in cash flow[24]. - Cash inflow from investing activities increased significantly by 17,610.34% year-on-year, mainly due to the maturity of principal-protected bank wealth management products purchased with idle raised funds[60]. - Cash outflow from investing activities rose by 172.50% year-on-year, attributed to the purchase of principal-protected bank wealth management products and structured deposits[60]. - Cash inflow from financing activities surged by 265.16% year-on-year, primarily due to funds raised from the initial public offering (IPO)[60]. - The net cash flow from financing activities increased by 355.38% year-on-year, also driven by the funds raised from the IPO[60]. - The net increase in cash and cash equivalents grew by 355.88% year-on-year, largely due to the funds raised from the IPO[60]. - The company's cash and cash equivalents at the end of 2015 amounted to ¥216,702,016.14, representing 32.60% of total assets, a significant increase from 14.49% in 2014[65]. - The total investment amount for the reporting period was ¥88,188,000.00, marking a 100% increase compared to the previous year[66]. Dividend Policy - The company plans to distribute a cash dividend of 1.2 yuan per 10 shares to all shareholders, based on a total of 84,000,000 shares, and will not issue any bonus shares[9]. - The profit distribution policy emphasizes cash dividends, with a minimum of 10% of distributable profits allocated for cash dividends if conditions are met[91]. - The company aims for a cash dividend ratio of at least 80% during mature phases without significant capital expenditures, and at least 40% when such expenditures are present[92]. - The company is in a growth phase, which influences its profit distribution strategy, allowing for flexibility in dividend policies based on operational performance and funding needs[93]. - The company plans to distribute cash dividends of 1.20 CNY per 10 shares, totaling 10,080,000 CNY for the year 2015, which represents 21.16% of the net profit attributable to ordinary shareholders[98][102]. Market and Competition - The company operates in a highly competitive market for defense equipment and navigation systems, facing risks of reduced market position and profit margins due to increasing competition[7]. - The company's export business relies on complex approval processes, which can lead to delays in revenue realization and increased inventory and accounts receivable[6]. - The sales of satellite navigation products experienced a significant decline due to increasing market competition, contrasting with the growth in inertial navigation product sales[30]. - Increased competition in the defense equipment and navigation sectors may weaken the company's market position and profit margins[85]. Management and Governance - The company has established a management system suitable for its current scale, but rapid expansion may lead to management risks if the system cannot adapt to increased complexity[5]. - The company acknowledges the risk of management inadequacies in response to rapid business scale expansion, which could affect operational efficiency[5]. - The company has established a complete governance structure, including a shareholders' meeting, board of directors, and supervisory board, ensuring independent operation and management[180]. - The company has a remuneration and assessment committee that proposes specific remuneration indicators for internal directors and supervisors[168]. Research and Development - The company invested CNY 16.67 million in R&D, accounting for 9.75% of total operating revenue, continuing to increase both absolute amount and revenue share from previous years[40]. - The company is advancing various R&D projects, including high-precision inertial navigation systems and GPS/INS integration systems, to enhance its core competitiveness[41]. - The company has developed a comprehensive capability in inertial navigation and satellite navigation, with key products meeting military and tactical application requirements[31]. Risks and Challenges - The company faces risks related to the growth of accounts receivable, which were significant at the end of 2015, potentially impacting cash flow and operational capital[6]. - The company has identified risks associated with the implementation of fundraising projects, which may not achieve expected returns due to market changes[8]. - The company's sales model for military products may lead to operational capital pressure due to potential delays in order fulfillment and payment collection[6]. - The company faces risks related to the implementation of fundraising projects, which may be adversely affected by sudden changes in the domestic and international market environments[87]. Shareholder Information - The company has 7,942 ordinary shareholders at the end of the reporting period[145]. - Major shareholder Yang Yunchun holds 55.73% of the shares, totaling 46,810,907 shares[145]. - The company’s stock was approved for listing on May 14, 2015, following regulatory approval on April 23, 2015[138]. - The largest shareholder, Yang Yunchun, holds 55.73% of the company's shares[150]. Internal Controls and Audit - The company received a standard unqualified audit opinion for its financial statements as of December 31, 2015[195]. - The internal control system was deemed effective in all material respects as of December 31, 2015, according to the internal control verification report[193]. - The audit report was signed on April 24, 2016, by Beijing Tianyuanquan Accounting Firm[195]. - The company has independent financial management and internal audit departments, with no instances of funds or assets being occupied by shareholders or related parties[183].

Financial Performance - Total revenue for Q1 2016 was ¥14,500,976.44, an increase of 11.77% compared to ¥12,973,554.06 in the same period last year[6] - Net profit attributable to shareholders decreased by 66.03% to ¥1,213,669.62 from ¥3,572,970.79 year-on-year[6] - Basic earnings per share dropped by 74.60% to ¥0.0144 from ¥0.0567 in the previous year[6] - The net cash flow from operating activities was -¥13,398,574.81, an improvement from -¥25,302,626.39 in the same period last year[6] - The company achieved operating revenue of 14.50 million RMB in Q1 2016, representing a year-on-year growth of 11.77%[17] - The net profit for Q1 2016 was 1.23 million RMB, a decrease of 73.05% compared to the same period last year[17] - Operating profit for Q1 2016 was -1.99 million RMB, reflecting a decline of 874.90% year-on-year[19] - The gross profit margin for the current period was lower than the same period last year, contributing to the decline in overall profit[24] - Operating expenses increased compared to the same period last year, impacting the profit margins negatively[20] Cash Flow and Assets - Cash flow from operating activities showed a net outflow of CNY -13,398,574.81, an improvement of 47.05% compared to CNY -25,302,626.39 in the previous year[22] - Investment activities generated a cash inflow of CNY 35,251,232.88, a significant increase of 23,400.82% due to the maturity of certain financial products[23] - The cash and cash equivalents at the end of the period increased by 1,105.09% to CNY 208,049,107.94, primarily due to the proceeds from the initial public offering[23] - The total assets at the end of the reporting period were ¥648,725,311.63, down 2.42% from ¥664,810,145.34 at the end of the previous year[6] - The total current assets decreased from CNY 516,577,457.87 to CNY 490,099,809.27, reflecting a decline of approximately 5.13%[49] - The total non-current assets increased from CNY 148,232,687.47 to CNY 158,625,502.36, showing an increase of about 6.67%[50] - The total liabilities decreased from CNY 80,316,095.35 to CNY 63,002,199.49, a reduction of approximately 21.56%[51] Risks and Challenges - The company reported a significant risk related to the growth of accounts receivable, which could impact cash flow and working capital[8] - The company faces risks from its export sales model, which may lead to delays in delivery and collection of payments[8] - The competitive landscape in the defense equipment sector is intensifying, potentially affecting profit margins and operational performance[9] - The company highlighted risks associated with the implementation of fundraising projects, which may not achieve expected returns due to market changes[10] - Seasonal fluctuations in sales are expected, with a concentration of revenue realization in the second half of the year[9] Shareholder and Management Policies - The company committed to repurchase shares if the stock price falls below the net asset value per share for 20 consecutive trading days[32] - The company has a profit distribution policy outlined in its IPO prospectus, ensuring the distribution of retained earnings prior to the IPO completion[33] - The controlling shareholder, Yang Yunchun, pledged to avoid any business activities that may compete with the company or its subsidiaries[33] - The lock-up period for shares held by the company's directors and senior management is set for 36 months post-IPO, with specific conditions for share transfer[33] - The company will implement measures to compensate for any dilution of immediate returns as stated in its IPO prospectus[33] Customer and Supplier Dynamics - The total revenue from the top five customers reached 1,285.95 million yuan, an increase from 1,055.54 million yuan in the same period last year, representing a growth of approximately 21.8%[27] - The top five customers accounted for 88.68% of the company's total revenue, up from 81.36% in the previous year, indicating a higher concentration of sales among key clients[27] - The total procurement amount from the top five suppliers was 1,377.90 million yuan, down from 1,497.30 million yuan year-on-year, reflecting a decrease of about 8%[25] - The proportion of procurement from the top five suppliers decreased to 83.20% from 91.12% in the previous year, suggesting improved supplier diversification[25] Investment and Development Projects - The company is actively developing several key projects, including a high-precision inertial navigation system and a dual-mode satellite navigation system, with ongoing research and development efforts[25] - The autonomous inertial navigation system and device expansion project has a committed investment of CNY 10,110.43 million, with CNY 4,605.9 million (45.56%) invested to date[37] - The project is expected to achieve its benefits by May 31, 2017[37] - The company plans to acquire 100% equity of Beijing Ruitong Xinyuan Semiconductor Technology Co., Ltd. for a consideration of RMB 749.875 million and aims to indirectly control Silex Microsystems AB, a leading MEMS chip manufacturer[40] Compliance and Regulatory Matters - The company is currently undergoing a review process by the China Securities Regulatory Commission for its major asset restructuring project[40] - The company has not reported any changes in the use of raised funds during the reporting period[37] - The company has a long-term commitment to comply with regulations regarding share repurchase and compensation for investor losses due to misleading statements[32]

Financial Performance - Net profit attributable to shareholders decreased by 50.39% to CNY 1,243,314.74 for the current period[6] - Operating revenue for the current period was CNY 23,965,095.31, representing a 56.45% increase year-on-year[6] - The company's earnings per share decreased by 62.81% to CNY 0.0148 for the current period[6] - The company reported a net cash flow from operating activities of CNY -33,799,725.01, down 80.34% year-on-year[6] - The net profit for the same period was 21.14 million RMB, reflecting a year-on-year growth of 18.03%[16] - The net profit for the third quarter was CNY 1,413,595.09, down from CNY 2,785,868.52 in the same period last year, reflecting a decrease of approximately 49.2%[60] - The total profit for the third quarter was CNY 1,470,570.31, compared to CNY 3,629,246.81 in the previous year, representing a decrease of approximately 59.5%[60] - The company reported a total profit of CNY 23,912,102.52, an increase from CNY 20,497,799.38 in the previous period[67] Asset and Liability Management - Total assets increased by 58.96% to CNY 626,862,286.69 compared to the end of the previous year[6] - The total liabilities decreased to CNY 70,595,876.09 from CNY 124,945,718.38, showing a reduction of 43.5%[52] - The company's net assets attributable to shareholders increased by 108.77% to CNY 550,525,186.15 compared to the end of the previous year[6] - Cash and cash equivalents increased by 216.67% to 180.94 million RMB, primarily due to the proceeds from the initial public offering[18] - The total current assets increased from CNY 293,777,823.61 to CNY 515,715,455.11, indicating significant growth in liquidity[50] Customer Concentration and Risks - The top five customers accounted for approximately 80% of total sales, indicating a high customer concentration risk[9] - The company faces risks related to significant fluctuations in operating performance due to reliance on a few major clients in the defense sector[9] - As of September 2015, the top five customers accounted for approximately 80% of total sales, indicating a high customer concentration risk[29] - Accounts receivable as of September 2015 were significant, posing risks to cash flow and operational funding due to lengthy payment approval processes from large clients[30] Investment and R&D Activities - The company is actively developing several key technology projects, including a miniaturized high-precision attitude measurement system and a high-performance MEMS gyroscope, with project progress reported as nearing completion[23] - The company emphasizes the importance of R&D investment, particularly in MEMS inertial technology and devices, to support business and customer development[28] - The company is collaborating with universities and research institutions on projects aimed at developing domestic equipment production lines and improving GNSS/INS integration systems, indicating a focus on innovation and technology advancement[24] Fundraising and Financial Management - The total amount of raised funds reached CNY 26,617.02 million, with CNY 7,019.49 million invested in the current quarter[41] - The cumulative amount of raised funds invested is CNY 7,019.49 million, representing 26.4% of the total committed investment projects[41] - The company is committed to managing raised funds effectively, ensuring they are used specifically for designated projects to enhance future earnings and strengthen investor returns[36] - The company has established a dedicated account management system for raised funds to ensure legal and reasonable usage[36] - The company has made commitments regarding profit distribution and stock price stabilization to protect shareholder interests[37] Operational Efficiency and Cost Management - Operating costs for Q3 2015 were CNY 27,336,569.89, up from CNY 15,454,684.82 in the previous year, reflecting a significant increase in costs[58] - The company incurred management expenses of CNY 7,626,851.73, which is an increase of 71.5% from CNY 4,441,238.81 in the previous period[60] - The company recorded an asset impairment loss of 6.21 million RMB, a significant increase compared to the previous year, due to growth in accounts receivable and increased impairment provisions[20] - The company reported a significant increase in cash flow from financing activities, totaling ¥223,182,318.80, a 1,000.07% increase compared to ¥20,288,013.39 in the previous year, primarily due to the initial public offering[21] Market Expansion and Strategy - The company plans to expand its market presence in both domestic and international military product markets while diversifying its customer base in civilian sectors[29] - The company will continue to expand its market presence and strengthen R&D efforts, focusing on the navigation and positioning industry, while promoting the industrial application of its core technologies[37] - The company is focusing on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the provided content[58] Miscellaneous - The company is currently undergoing a major asset restructuring, which has led to a temporary suspension of its stock trading since August 3, 2015[43] - The company expects that the complex nature of the restructuring process may delay the resumption of trading beyond November 2, 2015[44] - The report for the third quarter was not audited[80]

Financial Performance - Total operating revenue for the first half of 2015 was ¥64,389,871.08, an increase of 16.94% compared to ¥55,060,784.27 in the same period last year[16]. - Net profit attributable to ordinary shareholders was ¥19,410,544.33, representing a growth of 26.45% from ¥15,350,874.09 year-on-year[16]. - Net profit after deducting non-recurring gains and losses was ¥15,472,856.60, up 7.39% from ¥14,407,604.58 in the previous year[16]. - Basic earnings per share increased by 19.78% to ¥0.2919 from ¥0.2437 year-on-year[16]. - Total comprehensive income for the period reached ¥17,452,505.65, compared to ¥14,172,695.03 in the previous period, reflecting an increase of approximately 23.5%[117]. - Net profit for the period reached 19.73 million yuan, reflecting a year-on-year growth of 26.45%[24]. - Total operating revenue for the first half of 2015 was CNY 64,389,871.08, an increase of 16.4% compared to CNY 55,060,784.27 in the same period of 2014[112]. - Total operating costs amounted to CNY 52,180,776.66, up 18.6% from CNY 43,948,281.36 year-on-year[112]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥22,600,891.22, a decline of 87.84% compared to -¥12,031,730.45 in the same period last year[16]. - Cash inflow from operating activities amounted to ¥83,083,576.60, up from ¥75,121,455.81, indicating a growth of about 10.5%[119]. - Cash outflow from operating activities totaled ¥105,684,467.82, compared to ¥87,153,186.26 in the previous period, representing an increase of approximately 21.3%[120]. - The ending balance of cash and cash equivalents was ¥288,074,472.86, up from ¥18,467,508.46, reflecting a significant increase of approximately 1,558.5%[121]. - The company reported a net cash outflow from operating activities of 22.60 million yuan, a significant increase of 87.84% compared to the previous year, attributed to delayed sales collections[25]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥665,208,850.92, a significant increase of 68.68% from ¥394,362,465.06 at the end of the previous year[16]. - The total liabilities decreased to CNY 110,356,035.41 from CNY 124,945,718.38, indicating a reduction of about 11.7%[104]. - The total current liabilities decreased to CNY 66,676,329.14 from CNY 80,910,019.47, a decline of approximately 17.5%[104]. - Accounts receivable increased to CNY 157,769,697.45 from CNY 114,958,364.81, reflecting a growth of approximately 37.2%[102]. - The company's inventory increased to CNY 66,144,857.56 from CNY 55,015,490.86, representing a rise of about 20.3%[102]. Shareholder Information - The total number of shareholders at the end of the reporting period is 11,977[89]. - The largest shareholder, Yang Yunchun, holds 55.73% of the shares, totaling 46,810,907 shares[89]. - The second-largest shareholder, Li Jihua, holds 2.96% of the shares, totaling 2,489,190 shares[89]. - The total number of shares increased from 63,000,000 to 84,000,000 after the issuance of 21,000,000 new shares[84]. - The proportion of restricted shares decreased from 100% to 75% following the issuance of new shares[84]. Research and Development - Research and development expenses increased by 30.16% to 6.85 million yuan, indicating a focus on enhancing product development capabilities[25]. - The company is actively developing new products in the inertial navigation and satellite navigation sectors, including a miniaturized high-precision attitude measurement system and a laser inertial navigation system[34]. - Ongoing R&D projects include high-performance MEMS gyroscopes and a dual-mode high-dynamic satellite navigation system compatible with BeiDou/GPS[35]. - The company is involved in collaborative R&D projects with universities and research institutions, indicating a commitment to innovation and technology advancement[35]. Market and Customer Concentration - The sales from the top five customers accounted for approximately 80% of total sales, highlighting a high customer concentration risk[21]. - The total revenue from the top five customers rose to ¥5,182.30 million, representing 80.48% of total revenue, up from ¥3,935.31 million and 71.47% in the previous year[32]. - The first and second largest customers accounted for 43.11% of total revenue, indicating a stable customer base in the inertial navigation product segment[32]. - The company faces risks related to significant fluctuations in operating performance due to reliance on a few large military clients and the complexities of the defense industry[21]. Corporate Governance and Compliance - The company has committed to a profit distribution policy as outlined in its IPO prospectus, ensuring stable returns for shareholders[78]. - The controlling shareholder has made commitments to avoid any business activities that may compete with the company[78]. - The company has not reported any significant events or issues during the reporting period that require further explanation[80]. - The company has committed to repaying any overdue social insurance and housing fund contributions as required by authorities[78]. Investment and Financing Activities - The company has invested a total of 26,617.02 million CNY in its initial public offering, with no funds utilized during the reporting period[44]. - The company raised ¥275,210,000.00 through investment activities, indicating strong capital inflow for future growth initiatives[121]. - Cash inflow from financing activities was ¥307,557,000.00, significantly higher than ¥43,570,000.00 in the previous period, marking an increase of approximately 608.5%[121]. - Net cash flow from financing activities was positive at ¥262,299,493.57, compared to ¥18,565,528.36 in the previous period, indicating a substantial improvement[121]. Risk Management - The company faces risks from significant fluctuations in operating performance due to reliance on a few major military clients, which account for a large portion of sales[39]. - The company is taking measures to diversify its customer base and reduce reliance on a few industries to mitigate operational risks[40]. - The company is addressing the risk of increasing accounts receivable by improving credit management and accelerating cash flow through financial tools[41]. Accounting Policies and Financial Reporting - The company's financial statements are prepared based on the going concern assumption and comply with the relevant accounting standards[140]. - The company operates on a normal business cycle of 12 months, which is used as a standard for classifying the liquidity of assets and liabilities[145]. - The company distinguishes between business combinations under common control and those not under common control, with specific accounting treatments for each[147]. - The company assesses impairment indicators for long-term assets on the balance sheet date and conducts impairment tests if indicators are present[191].