Financial Performance - Operating revenue for the current period was CNY 321,178,584.72, representing a 38.13% increase year-on-year[7] - Net profit attributable to shareholders increased by 172.76% to CNY 41,953,160.67 for the current period[7] - Basic earnings per share rose by 176.44% to CNY 0.1056[7] - Total operating revenue for Q3 2018 was CNY 321,178,584.72, an increase of 38.0% compared to CNY 232,524,539.64 in the same period last year[36] - Net profit for Q3 2018 reached CNY 43,327,176.89, compared to CNY 14,655,044.47 in Q3 2017, representing a growth of 195.5%[37] - Basic earnings per share for Q3 2018 were CNY 0.1056, up from CNY 0.0382 in the previous year[38] - The company reported a total comprehensive income of CNY 46,374,678.33 for Q3 2018, compared to CNY 14,632,017.21 in the previous year[38] - The net profit for the third quarter of 2018 was CNY 39,253,885.44, an increase of 16.3% compared to CNY 33,618,329.37 in the same period last year[49] - Operating profit reached CNY 43,040,678.29, up 150.7% from CNY 17,159,866.44 in the previous year[49] Assets and Liabilities - Total assets decreased by 9.21% to CNY 2,412,951,258.97 compared to the end of the previous year[7] - Total current assets decreased from CNY 1,816,719,169.78 at the beginning of the period to CNY 1,324,787,957.92 at the end, representing a decline of approximately 27%[29] - Non-current assets increased from CNY 840,911,386.98 to CNY 1,088,163,301.05, reflecting a growth of about 29%[30] - Total liabilities decreased from CNY 1,350,917,995.93 to CNY 948,855,094.83, a reduction of approximately 30%[31] - The company reported a significant decrease in short-term borrowings from CNY 666,543,140.00 to CNY 388,274,093.89, a decline of approximately 42%[30] Shareholder Information - The total number of shareholders at the end of the reporting period was 46,987[11] - The largest shareholder, Zhao Hongfei, holds 35.18% of the shares, with 66,321,976 shares pledged[11] Cash Flow - Cash flow from operating activities decreased by 12.54% to CNY 67,035,138.32 year-to-date[7] - The company reported a net cash flow from operating activities of ¥67.04 million, down 12.54% from the previous year[19] - The cash flow from operating activities generated a net cash inflow of CNY 67,035,138.32, down from CNY 76,647,562.20 in the previous year[53] - Investment activities resulted in a net cash outflow of CNY 217,257,143.61, an improvement from a net outflow of CNY 445,035,292.10 in the same period last year[53] - The company received CNY 61,899,152.19 from the recovery of investments, significantly higher than CNY 2,067,463.00 in the same quarter last year[53] Expenses - Operating costs increased by 32.43% to ¥532.52 million, consistent with the revenue growth trend[19] - Research and development expenses rose by 29.34% to ¥121.74 million, reflecting the company's commitment to innovation[19] - Sales expenses increased to CNY 57,474,859.43 in Q3 2018 from CNY 40,650,675.22 in Q3 2017, reflecting higher marketing efforts[45] - Research and development expenses for Q3 2018 were CNY 48,106,910.41, compared to CNY 28,305,378.31 in the same period last year, marking an increase of 70.1%[37] Other Financial Metrics - The weighted average return on net assets increased to 3.03%, up from 1.79% in the previous year[7] - The company reported non-recurring gains and losses totaling CNY 18,844,153.83 for the year-to-date[9] - The company's financial expenses showed a significant improvement, with a change of -161.30% due to increased foreign exchange gains[19] - The company did not distribute profits during the reporting period, following the implementation of the 2017 profit distribution plan[22] - The company has no non-operating fund occupation by controlling shareholders and their affiliates during the reporting period[25] - The company has no violations regarding external guarantees during the reporting period[24] - The company anticipates potential losses or significant changes in cumulative net profit from the beginning of the year to the next reporting period[23]

Financial Performance - Total operating revenue for the first half of 2018 was RMB 578,132,541.87, representing a 23.61% increase compared to RMB 467,697,249.37 in the same period last year[21]. - Net profit attributable to shareholders of the listed company was RMB 61,062,319.56, up 5.64% from RMB 57,803,777.10 in the previous year[21]. - Net profit after deducting non-recurring gains and losses increased by 41.84% to RMB 55,090,279.14 from RMB 38,840,424.51 year-on-year[21]. - The net cash flow from operating activities was RMB 76,449,566.35, a significant increase of 99.90% compared to RMB 38,243,632.76 in the same period last year[21]. - Basic earnings per share rose to RMB 0.1546, reflecting a 7.81% increase from RMB 0.1434[21]. - The company achieved operating revenue of 578.13 million yuan, an increase of 110.44 million yuan, or 23.61% year-on-year[40]. - The net profit attributable to shareholders was 61.06 million yuan, up 3.26 million yuan, or 5.64% year-on-year[40]. - The company's operating profit for the current period is CNY 59,404,099.98, an increase of 28.4% compared to CNY 46,284,866.65 in the previous period[153]. Assets and Liabilities - Total assets decreased by 13.90% to RMB 2,288,092,817.02 from RMB 2,657,630,556.76 at the end of the previous year[21]. - The total liabilities decreased to CNY 877,808,618.66 from CNY 1,350,917,995.93, a reduction of approximately 35%[145]. - The total assets of the company were reported at CNY 1,899,876,149.05, down from CNY 1,951,740,216.87, showing a decline of about 2.7%[150]. - The company's cash and cash equivalents decreased to RMB 760,853,097.74 from RMB 1,274,602,996.80, reflecting a decline of approximately 40.2%[142]. - The company's goodwill stood at 359,511,600.00, representing 15.71% of total assets, indicating potential risks associated with cross-border acquisitions[83]. - The total current liabilities decreased, reflecting a strategic focus on reducing debt levels[143]. Research and Development - R&D investment reached 81.99 million yuan, an increase of 5.57 million yuan, or 17.32% year-on-year[40]. - Research and development expenses increased by 17.32% to 81,989,514.25, accounting for 14.11% of revenue, down from 14.94% in the previous year[58]. - The company has developed the TurboX intelligent brain platform and TurboX Cloud IoT cloud platform to support one-stop technology solutions for IoT applications[34]. Market and Sales - The company is focused on expanding its market presence and developing new technologies, including its TurboX product line[21]. - The company emphasizes direct sales to major clients, including mobile chip manufacturers and telecom operators, while maintaining long-term relationships with customers[37]. - The company has established an international marketing network with support centers in regions such as China, Japan, Korea, the USA, and Europe[38]. - The company’s sales expenses increased by 40.87%, with revenue from the Europe and America regions reaching 119.91 million yuan, up 32.11% year-on-year[41]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[7]. - The total number of ordinary shareholders at the end of the reporting period was 49,395[122]. - The number of shareholders holding more than 5% of ordinary shares includes Zhao Hongfei with 35.18% (141,974,706 shares) and Qualcomm International, Inc. with 1.54% (6,199,190 shares)[122]. - The total number of shares decreased from 403,878,622 to 403,621,238 due to the repurchase and cancellation of 257,384 restricted stocks[116]. Governance and Compliance - The company did not engage in any entrusted financial management, derivative investments, or entrusted loans during the reporting period[72][73][74]. - There were no major litigation or arbitration matters during the reporting period[91]. - The semi-annual financial report has not been audited[89]. - The company has no significant related party transactions during the reporting period[97]. Financial Management - The company completed the acquisition of MM Solutions for a total investment of 233,617,725.00, resulting in a net profit contribution of 15,461,715.05 during the reporting period[69]. - The company reported a net profit of 15,461,715.05 from its subsidiary MM Solutions, which had total assets of 89,046,493.48 and net assets of 70,068,916.75[78]. - The company’s accounts receivable balance was 400,043,000.00, making up 17.48% of total assets, with provisions for bad debts already accounted for[82].