Financial Performance - Total revenue for Q1 2019 was CNY 73,734,696.81, a decrease of 9.56% compared to the same period last year[8]. - Net profit attributable to shareholders was CNY 15,228,471.81, down 44.81% year-on-year[8]. - Net profit excluding non-recurring items was CNY 14,220,660.90, a decline of 10.40% from the previous year[8]. - Basic and diluted earnings per share were both CNY 0.11, down 45.00% year-on-year[8]. - The company reported a significant increase in cash payments to suppliers, totaling approximately 45.15 million yuan, up 117.04% from the previous year[23]. - The company recorded a 48.08% decrease in cash paid for taxes, amounting to approximately 9.06 million yuan[23]. - The company reported an operating profit of ¥17,700,796.98, a decrease of 43.1% from ¥31,122,742.06 in the previous year[48]. - The company’s total profit for the period was ¥18,373,497.74, down from ¥31,641,353.17, marking a decrease of 42%[48]. Cash Flow - The net cash flow from operating activities was CNY -13,326,726.25, representing a decrease of 230.92% compared to the same period last year[8]. - Operating cash inflow for the current period was CNY 68,620,723.66, down 9.0% from CNY 75,771,222.76 in the previous period[56]. - Cash outflow from operating activities totaled CNY 81,947,449.91, an increase of 24.9% from CNY 65,591,696.54 in the previous period[56]. - Cash and cash equivalents at the end of the period decreased to CNY 26,514,707.95 from CNY 259,608,028.37 in the previous period[57]. - The company reported a net cash increase of CNY -117,426,340.22, compared to CNY -7,386,152.27 in the previous period[57]. - The cash flow from operating activities was impacted by increased payments to employees totaling CNY 19,602,421.65, up from CNY 17,656,447.37[56]. - The company’s cash flow from operating activities was significantly affected by a rise in payments for goods and services, which totaled CNY 45,149,881.93, compared to CNY 20,802,884.83 in the previous period[56]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 883,368,157.75, a slight decrease of 0.27% from the end of the previous year[8]. - Total current assets decreased slightly to CNY 773,945,427.72 from CNY 774,336,317.58, a decline of 0.05%[38]. - Total liabilities decreased to CNY 240,264,625.09 from CNY 257,796,913.96, a decline of 6.83%[39]. - Total equity increased to CNY 643,103,532.66 from CNY 627,991,976.70, a growth of 2.00%[40]. - Long-term equity investments decreased to CNY 10,985,391.39 from CNY 13,027,101.65, a decline of 15.69%[38]. - The company reported a total of CNY 764,181,442.93 in current assets, including accounts receivable of CNY 300,497,175.47[67]. Research and Development - Research and development expenses were CNY 4,403,299.18, a slight decrease of 0.40% compared to the previous year[18]. - Research and development expenses remained stable at ¥4,403,299.18, slightly down from ¥4,421,089.32[46]. Investments and Orders - As of March 31, 2019, the company had a backlog of orders amounting to 640 million yuan, with signed but unfulfilled sales orders exceeding 20 million yuan[22]. - The company has a sufficient order reserve, with a total of 66.93 million yuan in major signed orders, indicating strong future revenue potential[22]. - The company plans to issue shares to acquire 100% of Jolly Technology and raise supporting funds, with the restructuring process actively underway[26]. - The company is collaborating with high-quality foreign integrators to export standardized equipment to markets such as India and Malaysia, ensuring high overall profit margins[21]. Fund Management - The total amount of raised funds is CNY 22,303.64 million, with CNY 105.1 million invested in the current quarter[31]. - Cumulative investment of raised funds reached CNY 15,885.99 million, representing 71.2% of the total raised funds[31]. - The smart terminal equipment production line project has a cumulative investment of CNY 15,472.4 million, with 59.83% of the planned investment completed[31]. - The R&D demonstration center construction project has a cumulative investment of CNY 1,790 million, achieving 87.11% of the planned investment[31]. - The company has ensured that all raised funds are used according to regulations without any issues in disclosure[32]. Compliance and Governance - There are no violations regarding external guarantees during the reporting period[33]. - There are no non-operating fund occupations by controlling shareholders or related parties during the reporting period[34]. - The company has not reported any significant changes in cumulative net profit compared to the same period last year[33]. - The remaining unused raised funds are stored in the company's bank special account[32].

上海华铭智能终端设备股份有限公司 2018 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 2018 年第三季度报告 2018-080 2018 年 10 月 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 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表的真实、准确、完整。 2 上海华铭智能终端设备股份有限公司 2018 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 1 上海华铭智能终端设备股份有限公司 2018 年第三季度报告全文 公司是否需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减 | | --- | --- | --- | --- | --- | | 总资产（元） | 820,170,135.90 | 827,672,880.37 | | -0.91% | | 归属于上市公司 ...

Financial Performance - Total revenue for the first half of 2018 was approximately ¥146.13 million, representing a 6.11% increase compared to ¥137.72 million in the same period last year[21]. - Net profit attributable to shareholders increased by 97.38% to approximately ¥38.09 million, up from ¥19.30 million in the previous year[21]. - The basic earnings per share doubled to ¥0.28 from ¥0.14, reflecting a 100% increase year-on-year[21]. - The weighted average return on net assets improved to 6.52%, up from 3.46% in the previous year, indicating better profitability[21]. - The company reported a non-recurring profit of CNY 19,831,602.78, which includes gains from non-current asset disposals and government subsidies[25]. - The company achieved operating revenue of 146 million yuan, an increase of 6.11% compared to the previous year[51]. - The net profit attributable to the parent company was approximately 38.08 million yuan, a significant increase of 97.66% year-on-year, mainly due to a substantial rise in non-recurring gains and losses[51]. - The gross profit margin decreased to 38% due to rising labor and material costs, despite maintaining industry-leading technology in AFC equipment and core modules[51]. - The company reported a total revenue of 3,800 million with an annualized return rate of 4.40%[78]. - The company reported a total of 1,100 million in floating income products, reflecting a diversified investment strategy[79]. Cash Flow and Financial Stability - The net cash flow from operating activities improved significantly to approximately ¥13.12 million, compared to a negative cash flow of ¥40.15 million in the same period last year, marking a 132.68% increase[21]. - Cash and cash equivalents decreased significantly by 87.05% compared to the beginning of the year, mainly due to 221 million yuan in structured deposits that were not yet due at the end of the reporting period[52]. - The company has a debt-to-asset ratio of less than 30%, indicating strong financial stability and financing capabilities[47]. - The net cash flow from financing activities was 17,513,255.02 yuan, a significant increase of 292.41% compared to a negative cash flow in the previous year, mainly due to a strategic investment of 30 million yuan from Liangla Data[59]. - The company reported a net cash flow from investment activities of -221,224,900.00 RMB, worsening from -166,249,483.57 RMB in the previous period[170]. - The total cash inflow from investment activities was 4,000,000.00 RMB, significantly lower than 236,028,016.43 RMB in the previous period[170]. Business Strategy and Development - The company plans to enhance its competitiveness by acquiring a 90% stake in Guozhengtong, a big data company specializing in anti-fraud services, which will diversify its business into dual main operations[6]. - The company is focusing on the development of smart ticketing systems, integrating technologies such as NFC payments and mobile ticketing solutions[29]. - The company has maintained a competitive edge through continuous innovation and specialization in AFC terminal equipment since 2001[37]. - The company plans to continue strengthening market expansion, new product development, and management optimization in 2018 to enhance overall competitiveness[57]. - The company is actively developing an app-based solution for internet payment in public transport, enhancing its competitive edge in the market[46]. - The company aims to enhance its competitive edge through external mergers and acquisitions to enrich its industry chain and ecosystem[89]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥810.80 million, a decrease of 2.04% from ¥827.67 million at the end of the previous year[21]. - The net assets attributable to shareholders increased by 4.13% to approximately ¥612.48 million, up from ¥588.17 million at the end of the previous year[21]. - The company reported a total of CNY 116,772,611.09 in non-current assets, up from CNY 94,023,689.58, indicating an increase of approximately 24.2%[149]. - Total liabilities decreased to CNY 222,201,331.90 from CNY 230,252,300.55, indicating a reduction in financial obligations[155]. Shareholder and Equity Management - The company has committed to repurchase up to 2,755,200 shares, representing no more than 2% of the total share capital[100]. - The company reported a commitment from major shareholders not to transfer or entrust their shares for 36 months following the stock's listing date[94]. - The total number of shares before the change was 137,760,000, with 59.32% being restricted shares and 40.68% being unrestricted shares[126]. - The release of restricted shares is part of the company's strategy to enhance liquidity and shareholder value[127]. - The actual controller of the company, Zhang Liang, holds 38.77% of the shares, indicating significant ownership concentration[186]. Compliance and Regulatory Matters - The half-year financial report was not audited, which may affect the perception of financial reliability[102]. - The financial report was approved by the board on August 28, 2018, indicating timely compliance with regulatory requirements[188]. - The company has ensured that all raised funds were used in accordance with regulations, with no issues in disclosure during the reporting period[73]. - There were no significant penalties or corrective actions taken against the company during the reporting period, suggesting compliance with regulations[106]. Research and Development - The company has obtained 28 invention patents, 19 utility model patents, and 14 design patents, showcasing its strong R&D capabilities[38]. - Research and development expenses increased by 13.14% year-on-year, amounting to 8,392,959.61 yuan[59]. - The R&D demonstration center construction project has a total investment of CNY 1,790 million, with a cumulative investment of CNY 824.88 million, reaching 46.08% of the planned investment by December 31, 2018[71].

Financial Performance - Total revenue for Q1 2018 was CNY 81,528,661.59, an increase of 15.97% compared to CNY 70,302,154.73 in the same period last year[8] - Net profit attributable to shareholders was CNY 27,591,195.84, representing a significant increase of 475.38% from CNY 4,795,284.18 year-on-year[8] - The net profit after deducting non-recurring gains and losses reached CNY 15,871,906.27, up 389.32% from CNY 3,243,670.52 in the previous year[8] - Basic and diluted earnings per share increased to CNY 0.20, up 566.67% from CNY 0.03 in the previous year[8] - The weighted average return on equity rose to 4.58%, an increase of 3.72 percentage points from 0.86% year-on-year[8] - The company achieved operating revenue of 81.53 million RMB, an increase of 15.97% compared to the same period last year[20] - The net profit attributable to the listed company reached 27.59 million RMB, a significant increase of 475.38% year-on-year, with a non-recurring net profit of 15.73 million RMB, up 389.2%[20] - The company reported a total comprehensive income of CNY 27,591,195.84 for Q1 2018, compared to CNY 4,795,284.18 in Q1 2017[60] Cash Flow and Investments - The net cash flow from operating activities was CNY 10,179,526.22, a turnaround from a negative cash flow of CNY -43,755,430.84 in the same period last year, marking a 123.26% improvement[8] - Cash received from sales and services amounted to 70.71 million RMB, a remarkable increase of 275.94% compared to the previous period[21] - The company reported a significant increase in tax payments, with cash paid for taxes rising by 4085.86% to 17.451 million yuan[25] - The company’s cash payments for purchasing fixed assets and intangible assets increased by 58.16% to 16.915 million yuan, primarily for the Pinghu smart terminal production line[25] - The company raised CNY 30,000,000.00 through minority shareholder investments during the financing activities[65] - The net cash flow from operating activities for the current period is $3,318,940.57, a significant improvement from the previous period's negative cash flow of -$48,820,568.64[68] - Total cash inflow from operating activities is $74,664,203.39, compared to $24,004,737.38 in the previous period, indicating a year-over-year increase of approximately 211%[67] Assets and Liabilities - Total assets at the end of the reporting period were CNY 824,322,023.34, a slight decrease of 0.40% from CNY 827,672,880.37 at the end of the previous year[8] - The company's total assets at the end of Q1 2018 were CNY 816,971,811.27, slightly down from CNY 817,419,589.81 at the beginning of the period[52] - Total liabilities decreased to CNY 202,791,848.14 from CNY 230,252,300.55, indicating improved financial health[53] - The company's cash and cash equivalents decreased to ¥262,267,451.93 from ¥272,396,904.92, reflecting a decline of approximately 4.2%[47] - Accounts receivable stood at ¥190,848,957.42, showing a minor decrease from ¥192,452,200.26, indicating a reduction of about 0.8%[47] - The company's total current liabilities were reported at ¥196,830,411.70, compared to ¥197,511,731.34 at the beginning of the year, showing a slight decrease[48] Strategic Plans and Market Position - The company plans to enhance core competitiveness through key technology and new product development while leveraging capital markets for resource accumulation[13] - The company is focusing on expanding its market presence in first and second-tier cities while collaborating with quality foreign integrators for equipment exports[23] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[1] - The company plans to enhance its competitive edge by transitioning towards system integration and increasing standardized product offerings[29] Risks and Challenges - The company is facing risks related to macroeconomic conditions, talent retention, and technological advancements that may impact profitability and operational performance[11][12] - The company faces risks related to increasing accounts receivable, which stood at 232 million yuan, potentially impacting profitability[28] Shareholder Commitments and IPO - The company reported a commitment from its chairman and controlling shareholder, Zhang Liang, to fulfill the initial public offering (IPO) commitments made in May 2015, which are being executed normally[30] - Shareholders holding more than 5% of the company's shares, including Zhang Xiaoyan and Xie Genfang, committed not to transfer or entrust the management of their shares for 36 months post-IPO, with a maximum transfer of 25% of their holdings after the lock-up period[33] - The company has established a lock-up period of 36 months for shares held prior to the IPO, with specific conditions for share reduction after the lock-up period[35] - The company will automatically extend the lock-up period by 6 months if the stock price falls below the IPO price for 20 consecutive trading days within the first 6 months post-IPO[34] - The company has outlined a structured plan for shareholders to reduce their holdings, including a maximum of 30% reduction within 12 months after the lock-up period[36] Investment Projects - The smart terminal equipment production line project has a total investment commitment of CNY 15,472.4 million, with 65.15% of the investment completed by March 31, 2018[40] - The R&D demonstration center construction project has a total investment commitment of CNY 1,790 million, with 38.94% of the investment completed by June 30, 2018[40] - The investment progress for the smart terminal equipment production line project is on track, with no significant changes in project feasibility reported[40] - The company has not encountered any major changes in the expected benefits from the investment projects[40]

Financial Performance - The company's operating revenue for 2017 was CNY 240,875,828.39, representing a 12.85% increase compared to CNY 213,445,811.18 in 2016[20]. - The net profit attributable to shareholders decreased by 6.88% to CNY 45,231,022.94 in 2017 from CNY 48,573,804.57 in 2016[20]. - The net profit after deducting non-recurring gains and losses was CNY 30,928,294.07, down 15.75% from CNY 36,710,985.81 in 2016[20]. - The net cash flow from operating activities increased by 43.47% to CNY 9,606,861.99 in 2017, compared to CNY 6,696,051.83 in 2016[20]. - Total assets at the end of 2017 reached CNY 827,672,880.37, a 10.15% increase from CNY 751,409,098.57 at the end of 2016[20]. - The company's total net assets attributable to shareholders increased by 6.44% to CNY 588,166,802.67 at the end of 2017 from CNY 552,578,979.73 at the end of 2016[20]. - The company achieved an operating revenue of 241 million, an increase of 12.85% compared to the previous year, with system integration project revenue contributing approximately 29.8 million, accounting for 12.36% of total revenue[57]. - The company reported a total revenue of 1,500 million in 2017, compared to 1,300 million in 2016, representing a growth of approximately 15.38%[147]. - The company achieved a net profit margin of 3.40% in 2017, maintaining the same level as in 2016[147]. Profit Distribution - The company reported a profit distribution plan of 1.00 RMB per 10 shares for cash dividends, based on a total of 137,760,000 shares[8]. - The total cash dividend for 2017 amounted to ¥13,776,000, which represents 30.46% of the net profit attributable to shareholders of the parent company, totaling ¥45,231,022.94[120]. - The company achieved a distributable profit of ¥220,100,180.72 for the year, after deducting a 10% legal surplus reserve of ¥4,126,730.39[117]. - The cash dividend per 10 shares is set at ¥1.00, based on a total share capital of 137,760,000 shares[117]. - The cash dividend payout ratio for 2017 was 100% of the total profit distribution amount[117]. - The company has a profit distribution policy that mandates at least 10% of the distributable profit to be allocated as cash dividends[114]. - The company has consistently increased its cash dividends over the past three years, with the 2015 dividend being ¥0[120]. Market Expansion and Strategy - The company plans to enhance profitability through mergers and acquisitions, specifically aiming to acquire 90% of Guozhengtong, a big data company specializing in anti-fraud services[7]. - The company plans to actively participate in AFC system bidding in cities like Liuzhou, Zhengzhou, and Chengdu in 2018 to increase revenue[30]. - The company aims to expand its market share by focusing on first-tier cities like Shanghai and Guangzhou while also targeting third and fourth-tier cities such as Zhengzhou and Liuzhou for new projects[44]. - The company is focusing on enhancing product innovation efficiency and reducing R&D cycles to maintain its technological leadership[80]. - The company plans to enhance market development, new product research and development, and overall management optimization in 2018 to improve its competitive edge[60]. - The company aims to leverage the opportunities in China's rail transit development and equipment localization, focusing on innovation and becoming an industry leader[105]. - In 2018, the company plans to enhance market expansion by targeting system integration projects in Liuzhou and Zhengzhou, and promoting the internet-based ticketing app nationwide[106]. Operational Challenges - As of the end of 2017, the accounts receivable balance was approximately 228 million RMB, with about 50% aged over one year, posing a significant risk to normal operations[7]. - The company is experiencing a prolonged settlement cycle with clients, affecting cash flow and operational capital requirements[7]. - The company faces risks related to increased material and labor costs, which could impact profit margins[7]. - The company's accounts receivable increased significantly by 1345.42% compared to the beginning of the year, mainly due to a high volume of accepted bills for projects[58]. - The company’s construction in progress increased by 290% year-on-year, primarily due to the completion of the Pinghu production line construction with an additional investment of 38 million[58]. Research and Development - The company has obtained 26 invention patents, 11 utility model patents, 14 design patents, and 37 software copyrights, covering various types of AFC terminal equipment and core modules[39]. - Research and development investment amounted to ¥17,220,606.24, which is 7.15% of operating revenue, showing a slight increase from 7.07% in the previous year[83]. - The company is focusing on enhancing its technology capabilities to improve product offerings and customer service[147]. - The company has allocated 2,000 million CNY for research and development of new technologies in the financial sector, focusing on innovative financial solutions[154]. Legal and Compliance - The company did not experience any penalties or rectification situations during the reporting period, reflecting compliance with regulations[133]. - There were no significant lawsuits or arbitration matters reported during the period, indicating a stable legal environment for the company[132]. - The company has not reported any non-operating fund occupation by controlling shareholders during the reporting period[128]. Employee and Management - The company has a total of 700 employees, with 268 in the parent company and 432 in major subsidiaries[199]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 2.45 million yuan[197]. - The company has 7 board members, including 3 independent directors[188]. - The current CEO and Chairman, Zhang Liang, has been in his position since July 2011[188]. - The company has a diverse professional composition among its employees, although specific details are not provided[198].

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 | ...