上海华铭智能终端设备股份有限公司2023年第一季度报告 证券代码：300462 证券简称：华铭智能 公告编号：2023-008 上海华铭智能终端设备股份有限公司 2023 年第一季度报告 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，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第一季度报告是否经过审计 □是 否 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 ...

Financial Performance - The company achieved a net profit attributable to the parent company of approximately 60 million yuan in 2022, impacted by a compensation of 82.36 million yuan due to the failure of the original shareholders of Juhua Technology to meet performance commitments[3]. - The company's operating revenue for 2022 was ¥623,821,520.23, representing a 5.09% increase compared to ¥593,624,482.14 in 2021[30]. - The net profit attributable to shareholders for 2022 was ¥60,759,853.72, a significant turnaround from a loss of ¥189,713,650.15 in 2021, marking a 132.03% improvement[30]. - The basic earnings per share increased to ¥0.32 in 2022 from a loss of ¥1.01 in 2021, reflecting a 131.68% increase[30]. - The total assets at the end of 2022 were ¥2,325,533,002.97, a 2.63% increase from ¥2,265,942,526.56 at the end of 2021[30]. - The company reported a cash flow from operating activities of ¥35,926,198.32, down 78.40% from ¥166,325,050.98 in 2021[30]. - The net profit after deducting non-recurring gains and losses was a loss of ¥51,206,408.90 in 2022, an improvement of 77.39% from a loss of ¥226,471,738.28 in 2021[30]. - The company reported a significant increase in other income, rising by 368.64% due to compensation for unmet performance commitments from former shareholders[113]. - The company's overall net profit for the reporting period is approximately 60 million, with a net profit of about 82.36 million after excluding the impact of performance compensation from the original shareholders of Juhua Technology, resulting in an overall operating loss of 22.3 million[107]. Business Segments - The AFC business segment reported a slight decline in revenue to 333 million yuan, with a net profit of approximately 19 million yuan and a backlog of orders amounting to 1.07 billion yuan[3]. - The ETC business segment generated revenue of about 270 million yuan in 2022, continuing to operate at a loss of 39.18 million yuan, although the loss narrowed compared to the previous year[3]. - The company is focused on three main business segments: AFC systems, ETC products, and thermal management systems, which are positioned in the rail transit, intelligent transportation, and thermal management industries respectively[40]. - The AFC business generated revenue of 333 million, primarily from projects such as the Hefei Metro Line 4 system integration project and the Washington Metro Circle Line project[107]. - The ETC business reported revenue of approximately 270 million, with a gross margin decline to around 20% due to falling sales prices of aftermarket products[108]. Market Trends and Opportunities - The ETC market is expected to stabilize as it has covered 85% of vehicles, with a cumulative user base of 204 million, influenced by new vehicle sales and replacement cycles[8]. - The smart transportation market in China is projected to exceed 400 billion yuan in 2023, with a growth rate of over 10% in various segments[47]. - The demand for ETC (Electronic Toll Collection) systems remains high, with 203 million vehicles equipped by the end of 2019, representing 85% of the total vehicle ownership[51]. - The annual installation of ETC systems is approximately 30 million units, driven by a growing vehicle population of over 20 million annually[51]. - The company anticipates further expansion in the rail transit market, particularly in second and third-tier cities, as urbanization accelerates[43]. - The company aims to expand its market share in thermal management products for public transport, commercial vehicles, and rail transit[175]. Research and Development - The company has been focused on the research, development, production, and sales of AFC terminal equipment since 2001, accumulating valuable experience in manufacturing processes and customer relationships[65]. - The company has developed over 30 different types of AFC terminal equipment core modules and terminal products, including various blocking modules and token handling modules, and holds 31 invention patents, 19 utility model patents, and 16 design patents[66]. - The company has a dedicated R&D team of approximately 160 professionals focused on core module and new product development, enhancing its innovation capabilities[66]. - The company has increased its R&D investment annually to enhance its independent innovation capabilities and has established a rapid response mechanism to meet customer needs[102]. - The company will increase R&D investment in core modules, IoT, and thermal management products to enhance competitiveness in diversified markets[176]. Financial Position and Cash Flow - The company’s overall asset-liability ratio stands at 32%, indicating strong liquidity and no significant short-term repayment obligations[6]. - As of December 31, 2022, the accounts receivable from Juhua Technology amounted to 420 million yuan, with an average aging of over 3 years, significantly impacting cash flow[9]. - The company reported a negative management expense of ¥58,016,884.58 due to adjustments in previous performance-related bonuses[132]. - The net cash inflow from operating activities was CNY 35.93 million, attributed to improved collection efforts in the ETC business[114]. - The company’s cash and cash equivalents increased by ¥24,966,864.69 in 2022, reversing a decrease of -¥55,699,043.82 in 2021[137]. Governance and Management - The company has established a governance structure that complies with relevant laws and regulations, ensuring effective internal management and control[180]. - The company has a performance evaluation and incentive mechanism for senior management that is transparent and fair[185]. - The company maintains independence from its controlling shareholders in terms of assets, personnel, finance, and operations[189]. - The company has an independent financial department and operates its own bank accounts, ensuring financial autonomy[192]. - The company has established a fully independent operational structure, including separate production and office facilities[193]. Strategic Initiatives - The company plans to enhance market expansion and optimize operational costs in 2023 to improve overall competitiveness[114]. - The company intends to invest idle funds in innovative companies within the new energy sector to create effective profit growth points[174]. - The company aims to improve its sales strategies and team capabilities to enhance competitiveness in the evolving ETC market[54]. - The company is focused on integrating business operations to enhance revenue and net profit through collaborative development[176].

| 证券代码：300462 | 证券简称：华铭智能 | 公告编号：2023-018 | | --- | --- | --- | | 债券代码：124002 | 债券简称：华铭定转 | | | 债券代码：124014 | 债券简称：华铭定02 | | 上海华铭智能终端设备股份有限公司 关于举行2022年度网上业绩说明会的公告 （问题征集专题页面二维码） 特此公告。 为了更好地与广大投资者进行交流，使投资者能够进一步了解公司的经营状 况，公司拟举行2022年度网上业绩说明会。具体安排如下： 公司定于2023年05月11日（星期四）15:00-17:00在全景网举办2022年度业绩 说明会。本次年度业绩说明会将采用网络远程的方式举行，投资者可登录全景网 "投资者关系互动平台"（http://ir.p5w.net）参与本次年度业绩说明会。 出席本次年度业绩说明会的人员有：公司董事长兼总经理张亮先生、董事会 秘书蔡红梅女士、财务负责人章烨军先生、独立董事林清先生。 为充分尊重投资者、提升交流的针对性，现就公司2022年度业绩说明会提前 向投资者公开征集问题，广泛听取投资者的意见和建议。投资者可于2023年05 月10日 ...

证券代码：300462 证券简称：华铭智能 上海华铭智能终端设备股份有限公司 投资者关系活动记录表 编号：2016-001 | --- | --- | --- | --- | |------------------------|---------------------|---------------------------------------------------------|------------------------------------| | 投资者关系活动类别 | □ \n□ | 分析师会议 □业绩说明会 □路演活动 \n现场参观 □其他 （ ） | 特定对象调研 □媒体采访 □新闻发布会 | | | 光大证券 王琦 | | | | | 兴银基金 蔡国亮 | | | | | 中信银行 商祖刚 | | | | | 申万宏源 刘钰善 | | | | | 浙商资管 王维一 | | | | | 浙商资管 曹建能 | | | | | 长城证券 李倩倩 | | | | 参与单位名称及人员姓名 | 途灵资管 姚兵 | | | | | 智汇树资管 吴隐琦 | | | | | 中信银行 张伟 | | | ...

Financial Performance - The company's revenue for Q3 2022 was ¥110,061,967.55, representing a 54.33% increase compared to the same period last year[5] - The net profit attributable to shareholders was -¥3,242,173.64, a decrease of 52.98% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥6,584,012.55, an increase of 64.88% compared to the previous year[5] - Total operating revenue for the period was CNY 427,677,036.28, a decrease of 5.5% compared to CNY 451,117,871.53 in the previous period[21] - The net profit for the period was a loss of CNY 30,626,310.22, compared to a profit of CNY 10,939,992.37 in the previous period[22] - The company reported a basic earnings per share of -0.1602, compared to 0.0591 in the previous period[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,170,437,058.59, down 4.21% from the end of the previous year[5] - The total assets of the company as of September 30, 2022, amount to 2.17 billion yuan, down from 2.27 billion yuan at the beginning of the year[19] - Total liabilities decreased to CNY 652,936,980.73 from CNY 762,385,209.21 in the previous period[22] - The total equity attributable to shareholders of the parent company was CNY 1,467,827,622.30, down from CNY 1,497,814,562.35 in the previous period[22] Cash Flow - The company's cash flow from operating activities showed a net outflow of -¥28,146,110.00, a decline of 119.28% compared to the previous year[11] - Cash flow from operating activities was CNY 360,422,632.62, a significant decrease from CNY 568,382,126.17 in the previous period[25] - The net cash flow from operating activities was -28,146,110.00 CNY, a significant decrease compared to 145,987,765.84 CNY in the previous year[26] - The net cash flow from investment activities was 61,805,839.73 CNY, a recovery from -116,980,835.53 CNY in the previous year[26] - The company reported a total cash outflow from financing activities of 26,219,583.33 CNY, compared to 61,683,667.90 CNY in the previous year[26] - The net increase in cash and cash equivalents for the period was 17,732,337.70 CNY, contrasting with a decrease of 33,132,605.63 CNY in the previous year[26] Expenses - Research and development expenses decreased by 60.93% to ¥41,199,274.88 as the company adjusted its operational model[9] - Total operating costs amounted to CNY 454,622,595.89, down 2.4% from CNY 465,905,095.98 in the previous period[21] - The company experienced a 69.85% reduction in sales expenses, reflecting a significant decline in sales volume and pricing in the ETC aftermarket business[9] Shareholder Information - The total number of common shareholders at the end of the reporting period is 16,952[13] - The cumulative loss attributable to the parent company for 2022 is -30.16 million yuan, but the consolidated net profit for the year is expected to be profitable[14] - If the net profit of Beijing Juliy Technology in 2022 is less than 62.79 million yuan, it will trigger performance compensation obligations[15] - The company has a total of 17,962,702.46 yuan in excess performance rewards that remain unpaid due to the lack of a consensus among the original shareholders[15] Other Financial Metrics - The weighted average return on net assets was -0.22%, a decrease of 82.21% year-on-year[5] - The company reported a tax expense of CNY -11,300,267.05, compared to CNY -4,914,294.79 in the previous period[22] - Other comprehensive income after tax was CNY 173,889.11, with no previous period comparison available[23] - The company completed the acquisition of Guochuang Thermal Management Technology Co., Ltd. and included it in the consolidated financial statements after the capital increase[16]

Financial Performance - The company reported a net profit attributable to the parent company of approximately -26.92 million yuan for the first half of 2022[4]. - The company's operating revenue for the first half of 2022 was ¥317,615,068.73, a decrease of 16.37% compared to ¥379,802,175.53 in the same period last year[29]. - The net profit attributable to shareholders was a loss of ¥26,918,655.52, representing a decline of 303.36% from a profit of ¥13,236,999.28 in the previous year[29]. - The net cash flow from operating activities was a negative ¥27,273,495.77, down 145.41% from ¥60,058,189.46 in the same period last year[29]. - The total assets at the end of the reporting period were ¥2,104,627,629.76, a decrease of 7.12% from ¥2,265,942,526.56 at the end of the previous year[29]. - The company reported a basic earnings per share of -¥0.1430, compared to ¥0.0700 in the same period last year, a decline of 304.29%[29]. - The company's gross profit margin significantly declined, leading to an operating cost of ¥254,308,232.19, which is an increase of 4.49% from ¥243,391,454.57[69]. - The company reported a strong performance in the first half of 2022, with significant advancements in product technology and compliance with national standards GB/T20851-2007 and GB/T20851-2019[48][50]. Business Segments - The AFC business segment achieved operating revenue that remained flat compared to the same period last year, with a net profit of 8.95 million yuan, a decrease from the previous year[4]. - The ETC business segment generated operating revenue of approximately 79 million yuan, resulting in an overall loss of 34.61 million yuan due to factors such as a significant decline in market demand and increased raw material costs[4]. - The total revenue for the AFC business segment fell to ¥8,952,859.67, a significant decline compared to ¥35,783,328.24 in the same period last year[70]. - The ETC business segment reported a loss of -¥35,871,515.19, narrowing from -¥85,372,815.28 in the previous year, attributed to market changes and cost control measures[70]. Market and Competitive Position - The company focuses on two main business segments: AFC system integration for rail transit and ETC business for road traffic[36]. - The company is a major player in the domestic market for intelligent terminal AFC system integration and equipment manufacturing[36]. - The company has established a strong market presence, having entered over 20 urban rail transit lines across multiple cities and expanded its business internationally to countries like India, Malaysia, and the USA[44]. - The company holds a significant market share in the ETC industry, with its products accounting for approximately 85% of the market, alongside competitors like Jinli Technology and Wanjie Technology[58]. - The company has received orders from over 20 domestic automakers, including Honda and Great Wall, which reflects its recognized R&D and production capabilities[57]. Research and Development - The company has accumulated 31 invention patents, 18 utility model patents, 14 design patents, and 42 software copyrights, showcasing its strong R&D capabilities[43]. - The company emphasizes core technology enhancement and maintains a consistent R&D investment to support ongoing innovation and product development[56]. - Research and development expenses increased by 25% to support innovation in smart terminal technologies[100]. - The company is investing 1.8 billion in research and development for new technologies in the upcoming fiscal year[101]. - R&D investment decreased by 64.74% to ¥26,155,365.87 due to mature products and significant declines in sales and prices[70]. Cash Flow and Financial Management - The company is taking measures to address cash flow risks by pursuing legal action against overdue accounts receivable and enhancing sales personnel incentives[6]. - The company has a sufficient order backlog of approximately 1.15 billion yuan, with most projects progressing smoothly despite delays in specific projects[4]. - The company is focusing on legal strategies to mitigate financial losses from ongoing disputes and ensure compliance with contractual obligations[141]. - The company is actively pursuing litigation related to the Urumqi BRT2 contract, with a claim amount of CNY 25.11 million, which is currently pending[144]. Legal and Compliance Issues - The company is involved in multiple lawsuits, with a total claim amount of approximately ¥3,123,800 (31.24 million) related to disputes with Fujian Ningde Huixiang Technology Co., Ltd. and Beijing Founder Technology Co., Ltd.[141]. - The company has ongoing litigation with Shanghai Aoteng Computer Technology Co., Ltd. regarding a sales contract dispute, with a claim amount of ¥14,760 (0.01476 million)[142]. - The company has reported a significant amount of overdue payments and penalties from various clients, indicating potential cash flow challenges[142]. - The company is monitoring the outcomes of its legal proceedings closely to assess their impact on future financial performance[142]. Future Outlook - The company expects to turn a profit for the full year 2022, influenced by factors including the ETC pre-installation business gradually ramping up and becoming a profit growth point[162]. - The company plans to further reduce losses in the second half of the year by adjusting its operational model and focusing on the front-loading market[70]. - Future product enhancements will focus on improving user interaction through advanced communication technologies and user-friendly interfaces[49]. - The company has set a performance guidance for the second half of 2022, expecting a revenue growth of approximately 10%[104]. Shareholder and Corporate Governance - The annual shareholders' meeting had a participation rate of 32.39%[126]. - The company has not implemented any employee stock ownership plans or other incentive measures during the reporting period[129]. - The company has not reported any significant related party transactions or major contracts during the reporting period[154][161]. - The company’s independent director passed away in 2022, which was disclosed in a public announcement[166].

Financial Performance - The company reported a net profit attributable to the parent company of approximately -190 million yuan, with goodwill and intangible asset impairments impacting net profit by about -139 million yuan [6]. - The company's operating revenue for 2021 was ¥593,624,482.14, a decrease of 52.50% compared to ¥1,249,773,571.27 in 2020 [25]. - The net profit attributable to shareholders in 2021 was -¥189,713,650.15, representing a decline of 249.18% from ¥127,167,979.43 in 2020 [25]. - The net cash flow from operating activities improved to ¥166,325,050.98 in 2021, a significant increase of 268.53% compared to -¥98,691,562.50 in 2020 [25]. - The basic earnings per share for 2021 was -¥1.01, a decrease of 248.53% from ¥0.68 in 2020 [25]. - The company reported a quarterly revenue of ¥144,374,950.67 in Q1, ¥235,427,224.86 in Q2, ¥71,315,696.00 in Q3, and ¥142,506,610.61 in Q4 of 2021 [27]. - The net profit attributable to shareholders in Q4 2021 was -¥200,831,265.83, indicating significant losses in the last quarter [27]. - The company recorded a total of ¥35,437,809.92 in government subsidies for 2021, which are closely related to its normal business operations [30]. - The weighted average return on equity for 2021 was -11.75%, a decrease of 19.46% compared to 7.71% in 2020 [25]. - The company's net assets attributable to shareholders decreased by 12.41% to ¥1,497,814,562.35 at the end of 2021 from ¥1,709,989,100.81 at the end of 2020 [25]. Revenue and Market Segments - The AFC business segment achieved operating revenue of approximately 375 million yuan, showing a slight increase compared to the previous year, while the ETC business segment's revenue was about 225 million yuan, a decrease of approximately 70% year-on-year [6]. - The gross profit margin for the ETC segment dropped from 50% to 20%, significantly affecting profitability due to a sharp decline in sales volume and prices [6]. - The AFC equipment revenue accounted for 55.74% of total operating revenue, showing a year-on-year increase of 24.23% [102]. - The ETC product revenue decreased by 76.51% year-on-year, reflecting a significant drop in market demand [103]. - The company has approximately CNY 1.2 billion in AFC reserve orders, including projects like Zhengxu Line and Shanghai QR code interconnectivity [95]. - The company specializes in AFC system integration and ETC business, positioning itself as a leading manufacturer and integrator in the smart terminal market [55]. Research and Development - The company plans to continue investing in R&D for ETC backend applications and vehicle networking to enhance future profit growth points [7]. - The company’s R&D investment amounted to ¥137,381,385.36 in 2021, representing 23.14% of its operating revenue, a significant increase from 9.57% in 2020 [118]. - The number of R&D personnel increased to 260 in 2021, up by 3.17% from 252 in 2020, with a higher proportion of younger employees under 30 years old [118]. - The company is focusing on R&D in optimizing AFC core modules and payment integration software to enhance product market share and technological updates [149]. - The company plans to increase R&D investment in core modules, IoT, and V2X technologies in the rail and road transportation sectors to enhance competitive strength [151]. Strategic Initiatives and Future Outlook - The company aims to achieve profitability in 2022 by optimizing the supply chain and reducing unit costs, as well as leveraging new orders from major automotive manufacturers [146]. - The company plans to continue strengthening market development and optimizing management to enhance overall competitiveness in 2022 [100]. - The company is exploring opportunities in suburban railways and intercity railways, which are gaining traction as urban centers expand [40]. - The company aims to enhance its operational efficiency and service quality as part of its strategic transformation towards high-quality development [38]. - The company has identified the urban rail transit sector as a key growth area, with 35 new urban rail transit lines and 1,168 kilometers of new operational mileage added in 2021, representing a 15% increase year-on-year [150]. Operational Challenges - The company faces increased costs due to rising prices of raw materials and high-end technical talent, impacting operational expenses [9]. - The average accounts receivable at the end of the reporting period was 592 million yuan, with an average aging of over one year, indicating cash flow risks [9]. - The company reported a financial provision of approximately RMB 40 million due to impairment of certain raw materials and products, reflecting the impact of price declines [145]. - The company experienced a 102.19% increase in asset impairment losses, totaling -¥193,861,382.10, indicating ongoing challenges with asset valuations [124]. Corporate Governance and Structure - The company operates independently from its controlling shareholders in terms of business, assets, personnel, finance, and organization [162]. - The company has a complete and independent production, supply, and sales system for its main product, AFC equipment for rail transit [162]. - The company maintains a separate financial accounting system and operates independent bank accounts, ensuring no assets or funds are occupied by shareholders [163]. - The company has a diverse board of directors and management team, ensuring effective governance and oversight [166]. - The company has not engaged in any mergers or acquisitions during the reporting period [164]. Shareholder and Profit Distribution - The board approved a profit distribution plan with no cash dividends or stock bonuses for shareholders, indicating a focus on retaining capital [10]. - The company’s distributable profit for the year was ¥384,344,918.90, with no cash dividends distributed, resulting in a cash dividend total of ¥0.00 [200]. - The company maintains a cash dividend policy where at least 10% of the distributable profit must be distributed in cash, contingent on positive net profits and no major investment plans [197]. - The company’s profit distribution policy emphasizes stable returns to investors while considering sustainable development [196].

Financial Performance - The company's operating revenue for Q1 2022 was ¥90,501,011.91, a decrease of 37.32% compared to ¥144,374,950.67 in the same period last year[3] - The net profit attributable to shareholders was a loss of ¥12,693,832.86, representing a decline of 352.22% from a profit of ¥5,032,750.00 in the previous year[3] - The net cash flow from operating activities was negative at ¥20,651,105.04, a decrease of 139.73% compared to ¥51,978,553.04 in the same period last year[3] - The company's basic and diluted earnings per share were both -¥0.0674, reflecting a decrease of 324.67% compared to ¥0.03 in the same period last year[3] - Total operating revenue for Q1 2022 was CNY 90,501,011.91, a decrease of 37.3% compared to CNY 144,374,950.67 in the same period last year[26] - Net profit for Q1 2022 was a loss of CNY 12,770,210.18, compared to a profit of CNY 4,928,764.24 in Q1 2021, representing a significant decline[27] Cash Flow and Liquidity - The cash and cash equivalents at the end of the period were ¥286,624,881.01, a decrease of 3.04% from ¥295,620,615.82 in the previous year[13] - The company reported a cash inflow from operating activities of CNY 134,605,288.53, down 43.8% from CNY 239,643,879.47 in the previous year[29] - The net cash flow from operating activities was -20,651,105.04 CNY, compared to 51,978,553.04 CNY in the previous year, indicating a significant decline[30] - Cash inflow from investment activities totaled 263,300,000.00 CNY, up from 235,000,000.00 CNY year-over-year[30] - The net cash flow from investment activities improved to 62,646,147.32 CNY, compared to -29,690,919.63 CNY in the same period last year[30] - Cash inflow from financing activities was 10,000,000.00 CNY, while cash outflow was 17,409,797.73 CNY, resulting in a net cash flow of 10,000,000.00 CNY[30] - The total cash and cash equivalents increased by 52,688,741.16 CNY during the quarter, compared to an increase of 5,985,432.15 CNY in the previous year[30] - The beginning balance of cash and cash equivalents was 233,936,139.85 CNY, down from 289,635,183.67 CNY year-over-year[30] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,257,536,204.02, a slight decrease of 0.37% from ¥2,265,942,526.56 at the end of the previous year[3] - The total liabilities increased to CNY 766,765,821.84, compared to CNY 762,385,209.21 at the end of the previous period[25] - The total equity attributable to shareholders of the parent company decreased to CNY 1,485,104,004.49 from CNY 1,497,814,562.35[25] - As of March 31, 2022, total assets amounted to 2.26 billion yuan, a slight decrease from 2.26 billion yuan at the beginning of the year[22] Business Segments and Operations - The company reported a significant drop in revenue from the ETC business segment, contributing to the overall revenue decline[10] - The ETC pre-installation business generated revenue of 18 million yuan in Q1 2022, with expectations for gradual growth in subsequent periods[19] - The AFC business segment has a sufficient order backlog, with revenue gradually being released despite some project delays due to COVID-19[19] - The company completed a share transfer and capital increase agreement, acquiring 51% of Guochuang Thermal Management[19] Research and Development - Research and development expenses for Q1 2022 were CNY 15,143,497.20, down 17.5% from CNY 18,377,671.71 in the same period last year[26] Other Notable Events - The company received government subsidies amounting to ¥1,630,563.59 during the reporting period, which are closely related to its normal business operations[6] - The company experienced a 310.99% increase in net cash flow from investing activities, totaling ¥62,646,147.32, primarily due to the maturity of financial products[13] - The company’s independent director passed away in 2022, impacting the board's composition[20] - The report was released by the Board of Directors on April 25, 2022[33]

Financial Performance - The company's revenue for Q3 2021 was ¥71,315,696, a decrease of 77.04% compared to the same period last year[4] - The net profit attributable to shareholders was a loss of ¥2,119,384, representing a decline of 103.28% year-on-year[4] - The basic earnings per share for Q3 2021 was -¥0.01, down 102.94% from the previous year[5] - The company experienced a 53.06% decline in revenue for the first nine months of 2021, totaling ¥451,117,872, primarily due to reduced demand for OBU products[11] - Total operating revenue for the third quarter was CNY 451,117,871.53, a decrease from CNY 961,119,552.15 in the previous period[22] - Net profit for the quarter was CNY 10,939,992.37, significantly lower than CNY 188,483,780.15 in the same period last year[23] - Basic earnings per share were CNY 0.06, down from CNY 1.00 in the same quarter last year[24] Cash Flow and Liquidity - The company reported a net cash flow from operating activities of ¥145,987,766, a significant improvement compared to a negative cash flow in the same period last year[11] - The company’s cash and cash equivalents decreased by 84.87% to -¥33,132,606, mainly due to cash inflows from operations during the reporting period[12] - Cash inflow from operating activities totaled CNY 655,023,504.89, down from CNY 1,032,028,539.16 in the previous period[27] - The net increase in cash and cash equivalents was -33,132,605.63 CNY, compared to -219,025,053.52 CNY in the previous period, showing a significant reduction in cash outflow[28] - The ending balance of cash and cash equivalents was 256,502,578.04 CNY, down from 332,676,302.87 CNY in the previous period[28] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,568,736,791, a decrease of 2.17% from the end of the previous year[5] - As of September 30, 2021, total current assets amounted to 1,952,660,221.52 yuan, a decrease from 2,068,867,337.37 yuan at the end of 2020[19] - The total liabilities as of September 30, 2021, are 874,866,946.53 yuan, down from 914,612,060.08 yuan at the end of 2020[20] - The total assets and equity amounted to CNY 2,568,736,791.31 and CNY 1,693,869,844.78 respectively, reflecting a slight decrease from the previous quarter[23] Research and Development - Research and development expenses increased by 36.79% to ¥105,457,077 due to higher technical service fees for OBU pre-installation[11] - Research and development expenses increased to CNY 105,457,077.13, compared to CNY 77,096,236.41 in the prior period, indicating a focus on innovation[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 19,381[14] - The largest shareholder, Zhang Liang, holds 28.37% of the shares, totaling 53,410,400 shares[14] Future Outlook - The company anticipates that the last quarter's operating performance will not improve, potentially triggering goodwill impairment[16] - The company is focusing on the replacement cycle of the 205 million existing market units, which typically spans 5-7 years[15] - The company is optimistic about future demand for RSU products driven by 5G infrastructure investments[15] Audit Status - The company did not undergo an audit for the Q3 report, indicating that the financial information is unaudited[3] - The report for the third quarter was not audited, which may affect the reliability of the financial data presented[30] Other Financial Metrics - The company recorded a significant increase in other payables, rising by 556.86% to ¥91,324,593 due to increased unpaid technical service and after-sales service fees[10] - The company recorded a significant increase in tax expenses, totaling CNY -4,914,294.79 compared to CNY 34,499,735.34 in the previous year[23] - Investment cash inflow was CNY 425,120,000.00, compared to CNY 590,000,000.00 in the prior year, indicating a decrease in investment activity[27] - The net cash flow from investment activities was -116,980,835.53 CNY, compared to -127,572,292.50 CNY in the previous period, indicating a slight improvement[28] - The total cash inflow from financing activities was 141,881,663.29 CNY, while cash outflow was 61,683,667.90 CNY, resulting in a net cash flow of -61,683,667.90 CNY, contrasting with a positive net cash flow of 53,210,366.51 CNY in the previous period[28]