Financial Performance - Operating revenue for the quarter was ¥26,145,888.02, a decrease of 51.92% year-over-year[9] - Net profit attributable to shareholders was ¥6,805,466.82, down 43.10% compared to the same period last year[9] - Basic earnings per share decreased to ¥0.05, a decline of 44.44% year-over-year[9] - The weighted average return on equity was 1.20%, down 46.19% from the previous year[9] - The company reported a year-to-date net profit of ¥26,102,154.48, down 33.06% from the previous year[9] - Net profit for the first nine months was about 26 million RMB, a decline of approximately 33.06% year-on-year[20] - Total operating revenue for the current period is ¥26,145,888.02, a decrease from ¥54,378,142.56 in the previous period[47] - Net profit for the current period is ¥6,387,336.83, down from ¥11,881,345.71 in the previous period, indicating a significant decrease[48] - The company's operating revenue for Q3 2017 was CNY 160,741,433.75, an increase of 10.3% compared to CNY 145,324,537.70 in the same period last year[59] - The net profit for Q3 2017 was CNY 25,172,889.85, down 35.4% from CNY 38,913,326.72 in Q3 2016[57] Cash Flow and Liquidity - Cash flow from operating activities showed a net outflow of ¥4,875,678.75, a significant decline of 273.30%[9] - Operating cash flow was negative 4.86 million RMB, reflecting a 23% decrease in cash collection compared to the previous year[22] - Cash flow from operating activities for Q3 2017 was negative at CNY -4,875,678.75, compared to a positive CNY 2,813,450.17 in Q3 2016[63] - The net cash flow from operating activities was -9,546,270.59 CNY, compared to 11,266,812.66 CNY in the previous period, indicating a decline in operational performance[65] - Cash and cash equivalents decreased by 77.18% from the beginning of the year, primarily due to the investment of 210 million RMB in bank wealth management products[21] - Cash and cash equivalents at the end of the period totaled 55,021,041.99 CNY, down from 86,909,407.11 CNY at the end of the previous period[66] - The total cash outflow from operating activities was 211,195,589.83 CNY, compared to 239,781,081.19 CNY in the previous period, indicating a reduction in operational expenses[65] Assets and Liabilities - Total assets increased to ¥818,882,784.81, up 8.98% from the previous year[9] - Total current assets increased to ¥738,813,397.86 from ¥692,794,792.98, representing a growth of approximately 6.66%[39] - Total non-current assets increased to ¥80,069,386.95 from ¥58,614,305.59, marking a growth of about 36.54%[40] - Total liabilities increased to ¥248,481,443.43 from ¥198,062,447.04, indicating a growth of approximately 25.43%[41] - Total equity attributable to shareholders rose to ¥569,037,934.21 from ¥552,578,979.73, reflecting an increase of about 2.66%[42] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 8,675[12] - The largest shareholder, Zhang Liang, holds 38.76% of the shares, totaling 53,390,400 shares[13] - The company has committed to a shareholder return policy, with plans to distribute dividends amounting to ¥G million in the upcoming fiscal year[38] - There were no reported violations regarding external guarantees or non-operational fund occupation by major shareholders during the reporting period[34][35] Future Outlook and Strategic Initiatives - The company provided a positive outlook for the next quarter, projecting a revenue increase of B% based on current market trends and user growth[38] - New product launches are expected to contribute significantly to revenue, with anticipated sales of the new product line projected to reach ¥C million in the next quarter[38] - The company is investing in R&D for new technologies, with a budget allocation of ¥D million aimed at enhancing product features and user experience[38] - Market expansion plans include entering two new regions, which are expected to increase market share by E% over the next year[38] - The company is considering strategic acquisitions to bolster its market position, with potential targets identified in the technology sector[38] Investment and Project Updates - The company has secured new projects, including the Ningbo to Fenghua intercity railway and the Shanghai Metro CVM project, with a total order reserve of approximately 680 million RMB[20] - The company reported a significant increase in long-term equity investments to ¥43,000,000.00 from ¥20,000,000.00, which is a growth of 115%[43] - The company announced a major asset restructuring plan on April 28, 2017, and its stock has been suspended since then[23] - The restructuring involves acquiring assets from "Guozhengtong" and raising matching funds, pending regulatory approvals[24]

Financial Performance - Total revenue for the first half of 2017 was approximately ¥137.72 million, representing a 49.41% increase compared to ¥92.18 million in the same period last year[21]. - Net profit attributable to shareholders decreased by 28.62% to ¥19.30 million from ¥27.03 million year-on-year[21]. - Basic earnings per share fell by 30.00% to ¥0.14 from ¥0.20 in the same period last year[21]. - Gross profit for the period was 41 million yuan, with a gross margin decline from 44% to 29% year-on-year[49]. - Net profit decreased by 30% to approximately 19 million yuan, primarily due to increased accounts receivable and asset impairment losses of about 8 million yuan[49]. - The company reported a total comprehensive income of 19,296,687.66 yuan for the period[169]. - The total profit for the current period was ¥22,604,230.37, down 32.5% from ¥33,490,583.01 in the previous period[157]. Cash Flow and Liquidity - Net cash flow from operating activities was negative at approximately -¥40.15 million, a decline of 521.92% compared to -¥6.46 million in the previous year[21]. - The net cash flow from operating activities significantly worsened, showing a negative ¥40,147,314.85, a 521.92% increase in losses compared to the previous year's negative ¥6,455,395.55, attributed to delayed revenue collection[55]. - The total cash and cash equivalents decreased by 12.20% to ¥66,181,586.25 from ¥68,862,636.70, reflecting liquidity challenges[61]. - The cash and cash equivalents at the end of the period were ¥60,778,861.97, down from ¥62,755,044.40 at the end of the previous period[163]. - Cash inflow from operating activities totaled 104,471,147.28 yuan, down 26.7% from 142,597,147.21 yuan in the prior period[164]. - Cash outflow from operating activities increased to 141,901,689.66 yuan, compared to 139,507,816.79 yuan in the previous period[164]. Accounts Receivable and Risks - The company faces risks related to market competition and cash flow due to prolonged settlement cycles and high accounts receivable, totaling approximately ¥251 million[7]. - Accounts receivable increased by 36.97% compared to the beginning of the year, attributed to poor collection performance during the first half of the year[50]. - The company reported a significant increase in accounts receivable, which rose to ¥211,240,608.90, accounting for 27.70% of total assets, up from 17.60% the previous year[61]. - The company has established measures to mitigate risks related to accounts receivable collection, including forming a legal and financial collection team[85]. Investments and R&D - The company has invested approximately CNY 10 million in the construction of a new intelligent terminal production line during the reporting period[39]. - The company has accumulated 25 invention patents, 18 utility model patents, 14 design patents, and 37 software copyrights, demonstrating its strong R&D capabilities in AFC terminal equipment[36]. - Research and development expenses rose by 16.33% to ¥7,418,381.11 from ¥6,377,069.75, indicating a continued investment in innovation[55]. - The company plans to enhance its product offerings by developing new modules and improving existing technologies to meet market demands[48]. Market Presence and Competition - The company has expanded its overseas business to countries such as India, Malaysia, Argentina, Taiwan, and the Philippines, indicating a growing international presence[36]. - The AFC terminal equipment market is experiencing intensified competition, influenced by local fiscal factors and the growing demand for urban rail transit[6]. - The company has established long-term partnerships with major system integrators, enhancing its market position and brand recognition[42]. - The company operates under a project manager responsibility system, ensuring comprehensive management of project phases from bidding to installation[34]. Shareholder and Corporate Governance - The company plans to not distribute cash dividends or issue bonus shares[8]. - The actual controller and major shareholders have fulfilled their commitments during the reporting period[92]. - The company has a commitment from its chairman, Zhang Liang, not to transfer shares for 36 months from the date of listing, which is being fulfilled[92]. - The company held its first extraordinary shareholders' meeting on January 16, 2017, with an investor participation rate of 69.10%[90]. Financial Stability and Debt - The company has a debt-to-asset ratio of less than 30%, indicating strong financial stability and financing capability[45]. - The company has not engaged in derivative investments or entrusted loans during the reporting period[78][79]. - The company has not undergone any bankruptcy restructuring during the reporting period, reflecting its financial stability[102]. Compliance and Regulatory Matters - The half-year financial report has not been audited, which may affect the perception of financial reliability[100]. - There were no significant penalties or rectification measures taken against the company during the reporting period, suggesting adherence to regulations[105]. - The company is committed to maintaining transparency and compliance with its public offering obligations[97].

Financial Performance - Total revenue for Q1 2017 was ¥70,302,154.73, representing an increase of 85.91% compared to ¥37,814,613.94 in the same period last year[8] - Net profit attributable to shareholders decreased by 30.99% to ¥4,795,284.18 from ¥6,949,165.37 year-on-year[8] - Net profit excluding non-recurring items fell by 47.03% to ¥3,243,670.52 compared to ¥6,123,543.04 in the previous year[8] - Basic and diluted earnings per share decreased by 40.00% to ¥0.030 from ¥0.05 year-on-year[8] - The company achieved operating revenue of 70.30 million RMB, an increase of 85.91% compared to the same period last year, primarily due to revenue recognition from the Zhengzhou Metro projects[22] - Net profit for the period was 4.80 million RMB, a decrease of 31% year-on-year, mainly due to poor collection of receivables leading to a significant increase in asset impairment losses[22] - The company reported an asset impairment loss of 3.58 million RMB, a significant increase compared to a gain of 0.97 million RMB in the previous year, due to rising accounts receivable[24] - The company’s operating costs increased by 161.42% to 53.71 million RMB, driven by the revenue growth from low-margin projects[24] - The total profit for Q1 2017 was CNY 5,047,737.48, down from CNY 8,917,375.06 in the previous period, representing a decrease of about 43.5%[64] - Operating profit for Q1 2017 was CNY 4,923,013.59, compared to CNY 8,845,665.64 in the previous year, a decline of approximately 44.0%[64] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥43,755,430.84, a decline of 1,647.79% from ¥2,826,970.62 in the same period last year[8] - Cash received from sales and services was 18.81 million RMB, down 65.04% from 53.80 million RMB in the previous year, indicating collection issues[25] - The company experienced a net cash outflow of 43 million yuan in Q1 2017 due to poor collection of receivables, with actual collections around 20 million yuan against the reported revenue[30] - The company’s cash and cash equivalents decreased by 77.36% to 63.24 million RMB, as idle funds were used to purchase principal-protected financial products[23] - The cash inflow from operating activities for Q1 2017 was CNY 25,301,439.84, down from CNY 59,187,893.50 in the previous period[67] - The net cash flow from operating activities was -48,820,568.64 CNY, a significant decrease compared to 10,598,853.10 CNY in the previous period[70] - The total cash outflow from operating activities was 72,825,306.02 CNY, compared to 49,693,002.10 CNY in the previous period[70] - The company’s cash flow from operating activities was significantly impacted by increased payments to suppliers and employees, totaling 42,521,048.22 CNY and 8,210,239.38 CNY respectively[70] Assets and Liabilities - Total assets at the end of the reporting period were ¥757,353,225.55, a slight increase of 0.79% from ¥751,409,098.57 at the end of the previous year[8] - Accounts receivable increased by 35.23% to 208.55 million RMB, reflecting delayed payments from major projects[23] - The company reported a cash balance of CNY 63,244,300.49 at the end of the reporting period, down from CNY 279,401,492.30 at the beginning[51] - Total liabilities at the end of Q1 2017 were CNY 199,437,776.34, compared to CNY 198,062,447.04 at the beginning of the period[53] - The total equity attributable to shareholders of the parent company was CNY 557,374,263.91, an increase from CNY 552,578,979.73 at the beginning of the period[54] Shareholder Information - The top shareholder, Zhang Liang, holds 38.76% of the shares, with a total of 53,390,400 shares pledged[14] - The company has committed to a share lock-up period of 36 months for major shareholders, which began on May 27, 2015, and is being fulfilled normally[34] - Major shareholders are restricted from transferring or entrusting their shares for 36 months post-IPO, with a maximum of 25% of their total shares allowed for transfer annually thereafter[35] - After the lock-up period, shareholders must adhere to a minimum selling price not lower than the IPO price, adjusted for any dividends or stock splits[39] - The company has a commitment that if the stock price falls below the IPO price for 20 consecutive trading days, the lock-up period will automatically extend by 6 months[38] - The company’s major shareholders, Zhang Jing and Xie Gen, have also committed to a share lock-up for 36 months starting from the IPO date[37] Business Strategy and Risks - The company plans to enhance its market presence by establishing marketing centers in key regions to expand its business nationally[11] - The company faces risks related to macroeconomic conditions, including potential declines in profitability due to reduced contract acquisition[11] - The company aims to strengthen its R&D capabilities and core competitiveness by focusing on key technologies and new product development[12] - The company plans to address the collection issues and improve cash flow management in future operations[22] - The company is actively pursuing project managers to recover long-overdue receivables to mitigate cash flow risks[30] - The company is facing a risk of declining gross margins due to lower margins from projects in second and third-tier cities[31] - The company plans to enhance R&D efforts to meet the increasing demands for internet payment solutions in the AFC industry[31] Investment and Fundraising - Total fundraising amount reached CNY 22,303.64 million, with CNY 1,835.7 million invested in the current quarter[43] - Cumulative investment from fundraising amounts to CNY 8,615.8 million, representing 38.66% of the total[43] - The smart terminal equipment production line project has achieved a cumulative investment of CNY 3,446.4 million, which is 22.27% of the planned investment[44] - The research and development demonstration center construction project has seen a completion rate of 5.54% with an investment of CNY 99.31 million[44] - The company has committed to timely and accurate disclosure of fundraising usage, with no reported issues during the reporting period[45] - There were no violations regarding external guarantees or non-operating fund occupation by major shareholders during the reporting period[46][47]

Financial Performance - The company's operating revenue for 2016 was approximately ¥213.45 million, representing a 14.09% increase compared to ¥187.08 million in 2015[19]. - The net profit attributable to shareholders for 2016 was approximately ¥48.57 million, an increase of 14.70% from ¥42.35 million in 2015[19]. - The net cash flow from operating activities was approximately ¥6.70 million, a significant recovery from a negative cash flow of ¥26.71 million in 2015[19]. - The total assets at the end of 2016 were approximately ¥751.41 million, reflecting a 9.10% increase from ¥688.75 million at the end of 2015[19]. - The net assets attributable to shareholders increased by 9.64% to approximately ¥552.58 million at the end of 2016, up from ¥504.01 million in 2015[19]. - The company reported a basic earnings per share of ¥0.35, a 2.94% increase from ¥0.34 in 2015[19]. - The weighted average return on equity for 2016 was 9.19%, down from 10.77% in 2015[19]. - The company reported a total non-recurring gains and losses of CNY 11,862,818.76 in 2016, significantly up from CNY 4,778,506.86 in 2015, marking an increase of approximately 148%[25]. - The company achieved a revenue of 213.45 million yuan in 2016, representing a 14% increase compared to the previous year[51]. - The net profit for the reporting period was approximately 48 million yuan, also reflecting a 14% growth year-on-year[51]. - The company maintained a gross margin of 41% during the reporting period[51]. - The company’s cash flow from operating activities improved significantly, with a net inflow of 6.69 million yuan compared to a net outflow of 26 million yuan in the previous year[54]. - The company reported a financial expense of -1,402,955.49 CNY, reflecting a 21.11% increase compared to the previous year[70]. - The company achieved a net profit of CNY 48,376,476.37 in 2016, with a significant increase in operating cash flow by 125.07% compared to the previous year[77]. Research and Development - The company has accumulated 23 invention patents, 18 utility model patents, 14 design patents, and 35 software copyrights, demonstrating a strong commitment to R&D in AFC terminal equipment[36]. - The company’s R&D team consists of 114 professionals, focusing on core module and new product development, which is crucial for maintaining technological leadership[36]. - Research and development expenses increased by 30.3% year-on-year, reflecting the company's commitment to innovation[53]. - Research and development (R&D) expenses amounted to CNY 15,095,210.95, representing 7.07% of total revenue, an increase from 5.66% in 2015[75]. - The company obtained 4 invention patents, 8 utility model patents, and 3 software copyrights during the reporting period, enhancing its innovation capabilities[71]. - The company aims to strengthen its market-oriented approach in R&D, focusing on core modules and new technology development[71]. - The company will increase R&D investment, focusing on card readers and new blocking modules, ensuring new products are more intelligent and convenient[98]. - The company emphasizes the importance of talent development, aiming to attract global talent and strengthen its technical team[97]. Market Position and Strategy - The company has established itself as a major manufacturer of intelligent terminal AFC equipment, focusing on R&D, production, and sales since 2001, which has led to a competitive advantage in the market[27]. - The company operates under a project management model, ensuring comprehensive tracking of projects from pre-qualification to installation and debugging, enhancing operational efficiency[34]. - The company’s revenue is primarily driven by large system integrators through subcontracting, indicating a reliance on partnerships for project execution[30]. - The company has established long-term partnerships with major domestic and foreign AFC system integrators, enhancing its market position and brand recognition[45]. - The company has successfully expanded its international market presence, with products entering countries such as India, Malaysia, and the Philippines[47]. - The company is actively pursuing market expansion in second and third-tier cities, aiming to develop long-term partnerships in cities like Zhengzhou[41]. - The company has maintained a continuous growth trend due to sustained R&D and market expansion efforts, addressing increasing technical demands and complex challenges[97]. - The company aims to leverage the opportunities in China's rail transit development and equipment localization, focusing on innovation and becoming an industry leader[97]. Production and Operations - The company’s production model is based on order-driven manufacturing, allowing for flexibility and responsiveness to market demands[34]. - The company’s production capacity reached 3,500 units in 2016, with an additional 3,000 units per year expected from the new production line in Pinghu[46]. - The company has over 700 million yuan in backlog orders, indicating strong market demand and expansion potential[61]. - The company’s inventory increased by 33.35% year-on-year, attributed to the ramp-up of production capacity[52]. - The company’s AFC terminal equipment integrates multiple advanced technologies, including computer technology, network technology, and automatic control technology, highlighting its complexity and innovation[35]. - The company has completed the mass production of the cloud ticketing machine, which is currently in trial operation at several subway stations in Shanghai[76]. Shareholder and Governance - The company’s profit distribution policy includes a minimum cash dividend of 10% of the distributable profit for the year, ensuring stable returns for investors[106]. - The cash dividend for the year 2016 is set at 0.70 yuan per 10 shares, totaling 9,643,200 yuan, which represents 100% of the profit distribution[109][112]. - The company has a policy that requires a minimum of 20% cash dividend distribution during profit allocation[111]. - The company has consistently maintained a profit distribution plan that aligns with its articles of association and shareholder resolutions[108]. - The company has committed to fulfilling its promises regarding major asset restructuring and share management[115]. - The company’s cash dividend policy allows for sufficient expression of opinions and protection of minority shareholders' rights[108]. - The company has committed to not transferring or entrusting the management of its shares for 36 months following the IPO[118]. - The company has established a governance structure in compliance with relevant laws and regulations, enhancing information disclosure and investor relations[184]. - The company has maintained a continuous relationship with its accounting firm for 6 years, with an audit fee of 380,000 RMB[127]. - The company has a diverse management team, with key executives holding significant shares, including Xie Genfang with 5,566,400 shares[165]. - The company has maintained a stable management structure with no changes in key positions during the reporting period[160]. - The company has established joint ventures, including Shanghai Zhicheng Intelligent Co., with a registered capital of 2 million RMB and a 51% stake focused on smart technology and payment solutions[126]. Internal Control and Compliance - The report highlights the importance of maintaining a strong internal control system to ensure financial accuracy and compliance[170]. - The internal control self-assessment report indicated that the company maintained effective internal controls related to financial reporting as of December 31, 2016[200]. - The company reported zero significant deficiencies in financial and non-financial reporting controls[199]. - The internal control audit report provided a standard unqualified opinion, consistent with the board's self-assessment[200]. - The Supervisory Committee found no risks during the reporting period[196]. - There were no significant internal control deficiencies identified during the reporting period[198]. Employee and Management - The total number of employees in the company is 662, with 273 in the parent company and 389 in major subsidiaries[178]. - The company has a total of 488 production staff, 12 sales personnel, and 114 technical staff[178]. - The total remuneration for directors and senior management during the reporting period amounted to CNY 2,471,600[177]. - The company implemented a performance assessment system where performance pay constitutes 10% of the monthly salary[180]. - A total of 99,528 hours of labor outsourcing were recorded, with total payments amounting to CNY 2,537,345.29[182]. - The company conducted 48 training sessions for new employees, covering various topics including company policies and safety knowledge, with a total of 104 participants[181]. - The company has a total of 2 employees with doctoral degrees and 8 with master's degrees, reflecting a diverse educational background among staff[178].

上海华铭智能终端设备股份有限公司 2016 年第三季度报告全文 上海华铭智能终端设备股份有限公司 2016 年第三季度报告 2016-074 2016 年 10 月 1 上海华铭智能终端设备股份有限公司 2016 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 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 上海华铭智能终端设备股份有限公司 2016 年第三季度报告全文 第一节 重要提示 本公司董事会、监事会及其董事、监事、高级管理人员保证本报告所载资 料不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容的真实性、准 确性和完整性承担个别及连带责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人张亮、主管会计工作负责人章烨军及会计机构负责人(会计主管 人员)章烨军声明：保证季度报告中财务报告的真实、完整。 2 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 775,319,484.34 | | 688,748,532.38 | ...

Financial Performance - Total operating revenue for the first half of 2016 was ¥92,176,229.20, an increase of 2.03% compared to ¥90,339,055.35 in the same period last year[19]. - Net profit attributable to ordinary shareholders was ¥27,031,981.01, representing a growth of 23.50% from ¥21,888,314.66 year-on-year[19]. - Basic earnings per share rose to ¥0.20, up 25.00% from ¥0.16 in the same period last year[19]. - The company achieved operating revenue of 92.18 million yuan, an increase of 2.03% compared to the same period last year[31]. - The net profit for the period was approximately 27.03 million yuan, representing a year-on-year increase of 23.49%[31]. - The gross profit margin remained stable at 44% during the reporting period[31]. - The company reported a total share capital of 137,760,000 shares, with 75% being restricted shares prior to the recent changes[100]. - The company’s total number of unrestricted shares increased to 54,986,000, representing 39.92% of the total[100]. Cash Flow and Investments - The net cash flow from operating activities improved significantly to -¥6,455,395.55, a 73.02% increase compared to -¥23,930,686.80 in the previous year[19]. - The company faced a 77.68% decrease in cash and cash equivalents due to investments in wealth management products[32]. - The total cash inflow from financing activities was primarily driven by investments received, totaling ¥229,208,050.00[139]. - The cash flow from investment activities shows a net outflow of ¥237,415,490.62, compared to a net outflow of ¥192,129,912.46 in the previous period[136]. - The company received cash from investment recoveries amounting to ¥626,000,000.00, significantly higher than ¥196,000,000.00 in the previous period[138]. Assets and Liabilities - Total assets at the end of the reporting period were ¥694,111,899.19, reflecting a 0.78% increase from ¥688,748,532.38 at the end of the previous year[19]. - Total liabilities decreased from ¥184,743,357.22 to ¥163,074,743.02, a decline of approximately 11.8%[120]. - Current assets totaled ¥655,086,869.77, up from ¥647,884,022.43 at the beginning of the period, indicating a growth of approximately 1.8%[119]. - Cash and cash equivalents decreased significantly from ¥308,572,997.53 to ¥68,862,636.70, representing a decline of about 77.7%[118]. - The company reported a total of ¥8,000,000.00 in deferred income tax liabilities, unchanged from the previous period[120]. Shareholder Information - The largest shareholder, Zhang Liang, holds 38.76% of the shares, totaling 53,390,400 shares[106]. - The total number of shareholders at the end of the reporting period is 16,010[105]. - Shareholders are restricted from transferring more than 25% of their shares annually during the lock-up period[88][91]. - The company has not proposed or implemented any share buyback plans during the reporting period[95]. Market and Competition - The company faces significant market risks due to its reliance on AFC terminal equipment, which accounts for over 86% of its revenue[25]. - The company is under pressure from increasing competition in the AFC equipment market, particularly from large domestic enterprises extending their supply chains[25]. - The company plans to continue enhancing market development and new product research in the upcoming year[35]. Research and Development - Research and development expenses increased by 39.49% to 6.38 million yuan, reflecting the company's commitment to innovation[37]. - The company has signed unexecuted contracts totaling approximately 700 million yuan, indicating strong market expansion[31]. - The company has a substantial order backlog of approximately 700 million yuan, with significant projects in progress[39]. Compliance and Governance - The financial report for the first half of the year was not audited[95]. - The company is currently fulfilling its commitment not to plan major asset restructuring within six months from June 27, 2016[87]. - The company has not engaged in any major asset acquisitions or sales during the reporting period[72][73]. - The company maintains a continuous operating capability with no significant issues affecting its ability to continue operations for the next 12 months[157]. Accounting Policies - The financial statements are prepared in accordance with the Chinese Accounting Standards, reflecting the company's financial position and operating results accurately[159]. - The company has adopted specific accounting policies for bad debt provisions, fixed asset depreciation, and revenue recognition based on its operational characteristics[158]. - The company recognizes impairment losses for financial assets when objective evidence indicates a decline in value, with specific methods for different asset categories[185].

Financial Performance - The company's operating revenue for 2015 was approximately ¥187.08 million, representing a 3.05% increase compared to ¥181.54 million in 2014[20]. - The net profit attributable to shareholders decreased by 18.28% to approximately ¥42.35 million from ¥51.82 million in 2014[20]. - The net cash flow from operating activities turned negative at approximately -¥26.71 million, a decline of 171.35% compared to ¥37.44 million in 2014[20]. - The total assets increased by 72.33% to approximately ¥688.75 million from ¥399.67 million at the end of 2014[20]. - The net assets attributable to shareholders rose by 102.45% to approximately ¥504.01 million from ¥248.95 million at the end of 2014[20]. - The basic earnings per share decreased by 32.00% to ¥0.34 from ¥0.50 in 2014[20]. - The weighted average return on equity dropped to 10.77%, down from 21.95% in 2014, reflecting a decrease of 11.18%[20]. - The total non-recurring gains and losses for 2015 amounted to approximately CNY 4.78 million, down from CNY 9.09 million in 2014[26]. - The net profit for the reporting period was approximately CNY 42 million, a decrease of 15% year-on-year due to impairment provisions for accounts receivable[38]. - The company's gross profit margin was maintained at 48%, with a slight decrease from the previous year[43]. Revenue and Profit Trends - In Q1 2015, the company's operating revenue was approximately CNY 44.43 million, with a net profit attributable to shareholders of CNY 3.79 million[22]. - The operating revenue in Q2 2015 increased to approximately CNY 45.91 million, while the net profit attributable to shareholders rose to CNY 18.10 million[22]. - In Q3 2015, the operating revenue dropped to approximately CNY 20.36 million, with a net profit attributable to shareholders of CNY 3.34 million[22]. - The company reported a significant increase in Q4 2015, with operating revenue reaching approximately CNY 76.38 million and net profit attributable to shareholders at CNY 17.12 million[22]. Accounts Receivable and Cash Flow - The accounts receivable balance at the end of the period was approximately ¥180 million, a 50% increase from ¥120 million at the end of 2014[6]. - The company's accounts receivable increased by 47.6% compared to the beginning of the year, reflecting slower collection progress due to the overall economic situation[39]. - Accounts receivable increased to CNY 152,796,538.05 from CNY 103,493,143.74, showing a growth of about 47.6%[194]. Market Expansion and R&D - The company plans to enhance R&D efforts to introduce new product categories and technological innovations to address market competition[6]. - The company has successfully expanded its market presence, with projects in major cities across China and international markets including India and Malaysia[35]. - The company focuses on independent R&D and has developed core modules that effectively replace imported products, providing a cost advantage in the market[34]. - The company plans to continue strengthening market development and new product research and development in 2016 to enhance overall competitiveness[40]. - The company plans to enhance its R&D investment in key technologies such as card readers and coin recognition modules, focusing on developing smarter and more convenient products[84]. Shareholder and Capital Management - The company implemented a profit distribution policy that ensures at least 10% of the distributable profits are distributed in cash when conditions are favorable[91]. - In 2015, the company distributed a total of 10,332,000.00 CNY in cash dividends, amounting to 2 CNY per share based on a total share count of 51,660,000.00 shares[93]. - The board of directors proposed not to distribute cash dividends or conduct capital reserve transfers for the 2015 fiscal year, pending shareholder approval[96]. - The company has a policy to actively consider cash dividends when the annual distributable profit is positive and there are no major investment plans exceeding 30% of the latest audited net assets[91]. - The company has maintained a consistent and stable profit distribution policy, taking into account the interests of minority shareholders[93]. Share Capital and Ownership Structure - The company raised approximately ¥223 million through the public issuance of 17.22 million shares at a price of ¥14.25 per share[61]. - Following a capital reserve conversion, the total share capital increased from 68.88 million shares to 137.76 million shares, effectively doubling the shares held by existing shareholders[139]. - The basic earnings per share decreased from 1.00 RMB to 0.34 RMB after the share capital increase, while the diluted earnings per share showed the same trend[139]. - The net asset value per share for ordinary shareholders decreased from 7.32 RMB to 3.66 RMB due to the increase in total share capital[139]. - The largest shareholder, Zhang Liang, holds 38.76% of the shares, totaling 53,390,400 shares[146]. Governance and Management - The company has three independent directors, ensuring a balanced governance structure[156]. - The management team includes individuals with diverse backgrounds, including finance, law, and engineering, enhancing strategic decision-making capabilities[157][159]. - The company has maintained a stable leadership with no significant changes in the board or management personnel reported[155]. - The company emphasizes the importance of talent development and aims to strengthen its technical team to meet increasing market demands and challenges[83]. - The company has a structured salary payment policy, with salaries paid on the 10th of each month for the previous month[171]. Financial Position and Assets - The total assets of Shanghai Huaming Intelligent Terminal Equipment Co., Ltd. as of December 31, 2015, amounted to CNY 688,748,532.38, an increase from CNY 399,670,216.21 at the beginning of the year, representing a growth of approximately 72.4%[194][197]. - The company's total current assets reached CNY 647,884,022.43, up from CNY 368,857,818.68, indicating a growth of about 75.6%[194][195]. - The total liabilities increased to CNY 184,743,357.22 from CNY 150,718,934.10, reflecting a rise of approximately 22.5%[196][197]. - The owner's equity totaled CNY 504,005,175.16, compared to CNY 248,951,282.11 at the beginning of the year, marking an increase of around 102.1%[197]. - Cash and cash equivalents rose to CNY 308,572,997.53 from CNY 132,529,388.46, which is an increase of approximately 132.8%[194].

Financial Performance - Total revenue for Q1 2016 was CNY 37,814,613.94, a decrease of 14.90% compared to CNY 44,433,929.06 in the same period last year[8] - Net profit attributable to shareholders increased by 83.37% to CNY 6,949,165.37 from CNY 3,789,718.60 year-on-year[8] - Net profit excluding non-recurring items rose by 103.16% to CNY 6,123,543.04 compared to CNY 3,014,096.22 in the previous year[8] - Basic earnings per share increased by 66.67% to CNY 0.05 from CNY 0.03 year-on-year[8] - The company's operating revenue for Q1 2016 was CNY 37,545,748.70, a decrease from CNY 44,326,084.24 in the previous period[59] - The net profit for Q1 2016 reached CNY 6,949,165.37, compared to CNY 3,789,718.60 in the same period last year, representing an increase of approximately 83.5%[56] - The operating profit for Q1 2016 was CNY 8,135,062.21, up from CNY 4,536,540.59 in the previous year, indicating a growth of about 79.5%[56] - The total profit for Q1 2016 was CNY 8,286,771.63, compared to CNY 4,582,744.35 in the previous year, reflecting an increase of approximately 80.5%[56] Cash Flow and Assets - The net cash flow from operating activities was CNY 2,826,970.62, a significant improvement from a negative cash flow of CNY -3,475,706.87 in the same period last year[8] - Cash and cash equivalents decreased by 85.88% to approximately 43.57 million yuan, as idle funds were invested in principal-protected financial products[18] - Cash and cash equivalents at the end of the period were ¥41,927,504.69, down from ¥127,386,548.18 in the previous year[65] - The company reported cash inflow from operating activities of ¥60,291,855.20, an increase from ¥41,630,202.30 year-over-year[66] - The company experienced a net decrease in cash and cash equivalents of ¥265,000,662.54, compared to a decrease of ¥3,307,360.28 in the previous year[65] Accounts Receivable and Inventory - Accounts receivable decreased by 31.45% to approximately 104.75 million yuan, reflecting effective collection efforts[18] - Accounts receivable decreased from CNY 152,796,538.05 to CNY 104,745,315.16, indicating a reduction of approximately 31.5%[46] - Inventory increased from CNY 157,186,968.27 to CNY 178,714,815.04, reflecting a growth of about 13.7%[46] - Inventory increased to CNY 176,367,489.48 from CNY 154,887,326.28[51] Market Strategy and Risks - The company plans to enhance its core competitiveness by investing in technology center construction and focusing on key technology and new product development[11] - The company is expanding its market presence by establishing marketing centers in key regions to increase its market reach[10] - The company faces risks related to macroeconomic conditions, talent retention, and the rapid pace of technological development impacting its profitability[10][11] - The company plans to strengthen partnerships with quality domestic clients and expand into second and third-tier cities to enhance market competitiveness[22] Shareholder Commitments and Restrictions - The company has committed to not transferring or entrusting management of its shares for 36 months from the date of listing, with normal compliance reported[27] - Shareholders are restricted from transferring their shares within 12 months of the company's listing, with a commitment to not allow the company to repurchase these shares[29] - After the lock-up period, shareholders can only transfer up to 25% of their total shares held each year[30] - If the stock price falls below the issue price for 20 consecutive trading days within the first 6 months post-listing, the lock-up period will automatically extend by 6 months[32] - The company has a commitment from major shareholders to not transfer their shares for 36 months post-listing, ensuring stability in shareholding[31] - Shareholders are allowed to transfer up to 50% of their shares within 12 months after leaving the company, subject to specific conditions[28] - The minimum price for any share reduction after the lock-up period must not be lower than the issue price, adjusted for any dividends or other rights issues[30] - The company has established a clear timeline for compliance with share transfer restrictions, enhancing investor confidence[29] - The commitments made by shareholders are designed to maintain market stability and protect investor interests during the initial public offering phase[27] - The company has outlined specific conditions under which shareholders can reduce their holdings post-lock-up, ensuring transparency and accountability[32] Fundraising and Investments - Total fundraising amount reached CNY 22,303.64 million, with CNY 36.29 million invested in the current quarter[37] - Cumulative investment of raised funds amounted to CNY 6,100.72 million, representing 27.4% of the total[37] - The smart terminal equipment production line project has a total investment commitment of CNY 15,472.4 million, with 6.70% of the investment completed[37] - The company has not changed the use of raised funds, with no funds being redirected[38] Financial Expenses and Tax - Financial expenses showed a significant increase of 345.33% due to substantial exchange losses during the reporting period[20] - The company received tax refunds of approximately 1.94 million yuan, marking a recovery of export tax rebates[21] Customer Concentration - The top five customers accounted for 85.53% of total sales, indicating a concentration in customer base compared to 86.38% in the previous year[24] - The company is actively reducing sales to clients with poor payment histories to mitigate bad debt risks[22]

上海华铭智能终端设备股份有限公司 2015 年第三季度报告全文 上海华铭智能终端设备股份有限公司 2015 年第三季度报告 公司负责人张亮、主管会计工作负责人张晓燕及会计机构负责人(会计主管人员)张晓燕声明：保证季 度报告中财务报告的真实、完整。 2015-041 2 2015年10月 l 上海华铭智能终端设备股份有限公司 2015 年第三季度报告全文 第一节 重要提示 本公司董事会、监事会及其董事、监事、高级管理人员保证本报告所载资料不存在任何虚假记载、误 导性陈述或者重大遗漏,并对其内容的真实性、准确性和完整性承担个别及连带责任。 上海华铭智能终端设备股份有限公司 2015 年第三季度报告全文 本公司及董事会全体成员保证信息披露的内容真实、准确、完整、及时,没有虚假记载、误导性陈述 或重大遗漏。 所有董事均已出席了审议本次季报的董事会会议。 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 ■是√否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增 | | --- | --- | --- | --- | --- | | ...

Financial Performance - Total revenue for the first half of 2015 was ¥90,339,055.35, a decrease of 10.80% compared to ¥101,273,461.76 in the same period last year[14]. - Net profit attributable to ordinary shareholders was ¥21,888,314.66, down 24.85% from ¥29,126,605.13 year-on-year[15]. - Basic earnings per share decreased by 28.57% to ¥0.4 from ¥0.56 in the previous year[15]. - The net cash flow from operating activities was negative at -¥23,930,686.80, a decline of 171.75% compared to ¥33,350,787.96 in the same period last year[15]. - The company achieved operating revenue of ¥90,339,055.35, a decrease of 10.80% compared to the same period last year[24]. - Net profit attributable to shareholders was ¥21,888,314.66, slightly down due to a significant reduction in government subsidies related to revenue[24]. - Total operating revenue for the period was CNY 90,339,055.35, a decrease of 10.4% compared to CNY 101,273,461.76 in the previous period[109]. - Net profit for the period was CNY 21,888,314.66, representing a decline of 25.0% from CNY 29,126,605.13 in the previous period[110]. Assets and Liabilities - Total assets increased by 52.89% to ¥611,035,898.43 from ¥399,670,216.21 at the end of the previous year[15]. - Total liabilities decreased from CNY 150,718,934.10 to CNY 127,491,901.66, a reduction of about 15.4%[102]. - The ending balance of accounts receivable was 138,708,742.41 yuan, which poses a risk to cash flow if not collected in a timely manner[41]. - The total number of shares increased from 51.66 million to 68.88 million after the issuance of 17.22 million new shares, representing a 33.33% increase in total shares[87]. - The total equity increased significantly to CNY 481,824,865.77, compared to CNY 246,607,197.70 in the previous period, marking a growth of 95.5%[107]. Shareholder Information - The company plans to distribute a stock dividend of 1:1, with no cash dividend for the reporting period[4]. - The cash dividend distribution for the 2014 fiscal year amounted to 10,332,000.00 yuan, with a payout of 2 yuan per 10 shares[55]. - Major shareholders are restricted from transferring their shares for 36 months post-IPO, with specific conditions for any subsequent transfers[79]. - Shareholders are required to disclose their share reduction plans three working days in advance, adhering to relevant regulations[82]. Risks and Challenges - The company faces performance fluctuation risks due to reliance on AFC terminal equipment sales, which accounted for over 86% of total revenue in the past three years[20]. - Future growth may be impacted by changes in national macroeconomic policies and local government financial conditions affecting infrastructure investments[20]. - The company is facing risks related to performance fluctuations due to its dependence on government-led infrastructure investments, which may be affected by macroeconomic conditions[39]. Research and Development - Research and development investment amounted to ¥4,571,812.90, representing 5.06% of total revenue[35]. - The company has 17 invention patents, 14 utility model patents, and 14 design patents as part of its intellectual property portfolio[35]. Cash Flow - Cash inflows from operating activities totaled CNY 68,691,719.90, a decrease of 30.9% from CNY 99,704,471.31 in the prior period[116]. - Cash outflows from operating activities increased to CNY 92,622,406.70, up from CNY 66,353,683.35, representing a rise of 39.5%[117]. - Net cash flow from investment activities was negative at CNY -192,129,912.46, worsening from CNY -9,793,653.39 in the previous period[118]. Corporate Governance - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period[91]. - The company has confirmed that all commitments made to minority shareholders have been fulfilled in a timely manner[82]. - The audit report issued was a standard unqualified opinion, confirming the accuracy of the financial statements[98]. Accounting Policies - The company's accounting policies comply with the latest enterprise accounting standards issued by the Ministry of Finance, ensuring a true and complete reflection of its financial status, operating results, and cash flows[138]. - The company recognizes goodwill when the initial investment cost in a business combination exceeds the fair value of identifiable net assets acquired[143]. - Revenue recognition for sales of goods occurs when the major risks and rewards of ownership have been transferred to the buyer, and the amount can be reliably measured[199].