Financial Performance - The company reported a total revenue of 327,844,529 RMB for the year 2020, with a cash dividend of 0.32 RMB per 10 shares distributed to all shareholders[4]. - The company's operating revenue for 2020 was ¥1,159,288,508.98, representing a year-over-year increase of 21.86% compared to ¥951,309,604.48 in 2019[17]. - The net profit attributable to shareholders for 2020 was ¥119,179,890.41, a significant increase of 132.06% from ¥51,356,383.35 in 2019[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥109,041,697.44, up 355.29% from ¥23,949,816.97 in 2019[17]. - The company's cash flow from operating activities was ¥125,575,787.99, a decrease of 40.20% compared to ¥209,983,213.09 in 2019[17]. - The total assets at the end of 2020 were ¥2,024,083,089.80, reflecting a 6.49% increase from ¥1,900,723,122.86 at the end of 2019[17]. - The net assets attributable to shareholders increased by 20.43% to ¥1,493,095,750.03 at the end of 2020, compared to ¥1,239,802,760.71 at the end of 2019[17]. - The basic earnings per share for 2020 was ¥0.37, representing a 105.56% increase from ¥0.18 in 2019[17]. - The company reported a total of ¥10,138,192.97 in non-recurring gains for 2020, compared to ¥27,406,566.38 in 2019[24]. Risk Management - The company faces various risks including market risks, product price and gross margin decline risks, and receivables recovery risks, which could impact future performance[4]. - The company has a comprehensive risk management strategy in place to address potential impacts from domestic and international market fluctuations, including the ongoing COVID-19 pandemic[4]. - The company has established measures to manage accounts receivable risks, including credit rating management and targeted preventive actions[159]. - The company is aware of potential risks from changes in tax policies that could impact its financial performance, and aims to reduce reliance on tax incentives[156]. - The company recognizes the risk of talent loss due to rising costs and competition in the IT industry, and plans to implement measures to attract and retain talent[153]. Market Expansion and Product Development - The company is focused on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[4]. - The company is engaged in the IoT industry, providing digital solutions and smart terminal products for various sectors including logistics, e-commerce, and healthcare[27]. - The company has developed a range of smart terminal products, including handheld PDAs and smart POS systems, aimed at enhancing real-time information collection and business management[27]. - The company has made significant progress in the healthcare sector, winning major projects with provincial disease control centers to implement vaccine traceability solutions[36]. - The company is focusing on the development of technologies related to digital currency, 5G, blockchain, and artificial intelligence[58]. - The company launched new products including industrial-grade smart terminals for low-temperature environments and smart mobile terminals supporting 5G communication[57]. - The company has launched a new cloud service platform "U-Home," which enhances device management and operational efficiency for enterprise users[60]. - The company is actively involved in the national drug traceability system, contributing to the establishment of a comprehensive drug traceability framework[36]. Governance and Compliance - The company has established a robust governance structure to ensure compliance and transparency in its operations[4]. - The company will strengthen its governance structure to ensure compliance with laws and protect the rights of shareholders and stakeholders[145]. - The company has committed to avoid and reduce related party transactions and ensure fairness in any unavoidable transactions with its subsidiaries[173]. - The company will ensure compliance with relevant laws and regulations regarding related party transactions and will bear responsibility for any losses incurred due to violations[173]. Financial Management and Investments - The company initiated a refinancing project to bolster cash reserves in response to uncertainties from the COVID-19 pandemic and international political risks, raising CNY 97,856,398.13[65]. - The company has a strong competitive position in the domestic market for smart mobile data terminals, with a high market share in logistics and e-commerce sectors[42]. - The company has achieved significant growth in overseas markets, with revenue from these markets increasing year-on-year, particularly in India, Southeast Asia, Europe, Russia, and South America[42]. - The company reported a total tax benefit of approximately ¥47.59 million for the year 2020, including income tax benefits of ¥30.92 million and VAT refunds of ¥16.67 million[155]. - The company has established performance commitments with Zhongshishun for a minimum net profit of 1,500 million CNY for 2020, with a compensation mechanism in place for any shortfall[178]. Challenges and Future Outlook - The pandemic has accelerated the demand for logistics information technology, with a focus on enhancing delivery efficiency and consumer experience in e-commerce and new retail sectors[33]. - Despite a slowdown in overseas market expansion due to the pandemic, there remains strong long-term demand for smart mobile information products in regions like Southeast Asia and South America[34]. - The overseas business performance has declined due to COVID-19, with significant difficulties in business expansion and project implementation[160]. - The company has acknowledged the impact of the COVID-19 pandemic on its financial performance and has adjusted its forecasts accordingly[178]. - The company aims to become a leading provider of IoT digital solutions globally, focusing on enhancing core competitive advantages and expanding applications in logistics, e-commerce, retail, manufacturing, and finance[140].

Financial Performance - Operating revenue for the current period was CNY 324,777,163.91, a year-on-year increase of 9.37%[8] - Net profit attributable to shareholders was CNY 47,589,487.99, marking a turnaround from loss to profit[8] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 48,460,784.03, a year-on-year increase of 224.82%[8] - Basic earnings per share was CNY 0.1473, compared to a loss in the same period last year[8] - Diluted earnings per share was also CNY 0.1473, compared to a loss in the same period last year[8] - The company reported a net profit of CNY 49,655,112.37 for the period, reflecting a significant recovery from previous losses[41] - The net profit for Q3 2020 was CNY 47,578,196.99, compared to CNY 1,196,411.25 in the same period last year[42] - The company reported a profit before tax of CNY 51,743,308.93, compared to CNY 6,335,865.96 in the previous period[42] - The company reported a net profit for Q3 2020 of CNY 124,094,548.95, an increase of 56.2% compared to CNY 79,386,548.17 in the same period last year[49] - The total comprehensive income for Q3 2020 was CNY 124,161,283.87, compared to CNY 79,278,326.28 in Q3 2019, indicating a growth of 56.5%[50] Assets and Liabilities - Total assets increased by 4.88% to CNY 1,993,544,445.76 compared to the end of the previous year[8] - The company's total assets as of September 30, 2020, were CNY 1,956,812,412.14, compared to CNY 1,932,172,319.27 at the end of 2019[38] - Total liabilities decreased to CNY 900,034,127.72 from CNY 1,023,776,736.59 year-over-year[38] - Total liabilities reached CNY 626,861,007.15, with current liabilities at CNY 614,948,091.36 and non-current liabilities at CNY 11,912,915.79[65] - The company holds long-term equity investments valued at CNY 54,340,646.22 and fixed assets at CNY 96,423,810.18[63] - The total amount of accounts payable was CNY 108,511,942.47, reflecting the company's obligations to suppliers[64] Cash Flow - Net cash flow from operating activities was CNY 55,028,936.37, an increase of 167.77% compared to the same period last year[8] - The cash inflow from operating activities amounted to CNY 972,900,744.57, an increase from CNY 796,127,704.05 in the previous period[56] - The net cash flow from operating activities was CNY 79,888,277.22, compared to CNY 34,594,781.81 in the prior period, indicating a significant improvement[56] - The cash inflow from sales of goods and services was CNY 790,444,807.70, compared to CNY 750,239,666.24 in the previous period[56] - The cash outflow from investment activities totaled CNY 916,392,424.15, up from CNY 177,804,184.15 in the previous period, resulting in a net cash flow of -CNY 336,481,516.58[57] - The cash inflow from financing activities was CNY 352,264,481.20, compared to CNY 148,410,296.05 in the prior period, with a net cash flow of CNY 186,972,056.46[57] Shareholder Information - Net assets attributable to shareholders increased by 20.79% to CNY 1,497,553,798.28 compared to the end of the previous year[8] - The total number of ordinary shareholders at the end of the reporting period was 17,092[12] - The equity attributable to shareholders of the parent company increased to CNY 1,497,553,798.28 from CNY 1,239,802,760.71[35] - Total equity amounted to CNY 908,395,582.68 as of Q3 2020[69] Expenses and Costs - Total operating costs for Q3 2020 amounted to CNY 275,122,051.54, up from CNY 250,851,951.93 in the prior period[41] - Research and development expenses increased to CNY 23,630,830.82 from CNY 20,959,588.33 year-over-year[41] - The company experienced a decrease in operating costs, which were CNY 417,559,803.46, down from CNY 640,757,904.61 in the previous year[52] - The company paid CNY 549,519,111.94 for goods and services, slightly up from CNY 526,153,241.29 in the prior period[56] Strategic Initiatives - The company signed a strategic cooperation agreement with Aerospace Cloud Network Data Research Institute (Guangdong) Co., Ltd. on August 10, 2020, aiming to leverage industrial IoT, AI, and big data technologies to develop new applications and services[20] - A joint laboratory agreement was established with Zhuhai Fudan Innovation Research Institute on July 28, 2020, focusing on smart healthcare and industrial internet innovations, enhancing drug data collection technology[21] - The company received approval from the China Securities Regulatory Commission for a non-public offering of A-shares on October 9, 2020[19] - The company plans to adjust its non-public offering of A-shares in response to changes in the capital market environment[19] Compliance and Governance - The company has no violations regarding external guarantees during the reporting period[25] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[26] - The company did not engage in any investor communication activities during the reporting period[27] - The company has not undergone an audit for the Q3 report[69] - The company has implemented new revenue and leasing standards starting from 2020[69]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 479,535,224.56, representing a 1.27% increase compared to CNY 473,524,154.42 in the same period last year[20]. - The net profit attributable to shareholders was CNY 76,307,603.47, a slight increase of 0.42% from CNY 75,985,006.47 year-on-year[20]. - The net profit after deducting non-recurring gains and losses was CNY 69,864,139.36, which is a 3.56% increase from CNY 67,459,979.76 in the previous year[20]. - Basic earnings per share decreased by 11.11% to CNY 0.24 from CNY 0.27 in the previous year[20]. - The total profit for the first half of 2020 was CNY 82,200,651.53, compared to CNY 88,945,429.68 in the same period of 2019, indicating a decline of 7.5%[197]. - The company reported a basic and diluted earnings per share of CNY 0.24, down from CNY 0.27 in the first half of 2019[198]. - The total comprehensive income for the first half of 2020 was CNY 76,386,497.63, compared to CNY 78,157,400.37 in the same period of 2019, a decrease of 2.3%[198]. Cash Flow and Financial Position - The net cash flow from operating activities decreased significantly by 78.53%, amounting to CNY 24,859,340.85 compared to CNY 115,791,686.52 in the same period last year[20]. - The company's cash and cash equivalents decreased from 586,730,801.81 CNY at the end of 2019 to 495,129,254.55 CNY by June 30, 2020, a decline of approximately 15.6%[187]. - The company's cash and cash equivalents decreased to CNY 279,366,356.27 from CNY 361,349,232.83, a decline of about 22.7%[192]. - The net increase in cash and cash equivalents was -¥86,394,740.56, a significant decrease of 2,708.51%, attributed to investment activities using temporarily idle funds[67]. - The company reported a significant increase in cash received from investment activities, totaling ¥386,950,405.55, up 169.10% due to the redemption of financial products[67]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,951,415,596.49, reflecting a 2.67% increase from CNY 1,900,723,122.86 at the end of the previous year[20]. - The company's total liabilities decreased to CNY 472,298,690.37 from CNY 626,861,007.15, a decrease of about 24.6%[189]. - The company's total equity increased to CNY 1,479,116,906.12 from CNY 1,273,862,115.71, reflecting a growth of approximately 16.1%[190]. - Accounts receivable rose to ¥263,460,956.09, representing 13.50% of total assets, down from 19.08% last year, a decrease of 5.58%[73]. - The company reported goodwill of ¥483,623,713.35, which is 24.78% of total assets, up from 7.54% last year, an increase of 17.24% due to the acquisition of Jabo Technology[75]. Market and Operational Strategy - The company focuses on providing integrated solutions for smart mobile applications, with core products including smart mobile data terminals and payment terminals[27]. - The company operates under a "sales-driven production" model, adjusting production plans based on historical sales data and customer orders[30]. - The market demand is driven by the digital transformation of traditional industries, with significant growth potential in logistics, retail, finance, and healthcare sectors[33]. - The company has strengthened partnerships with domestic logistics and e-commerce companies to enhance logistics efficiency and consumer experience in the post-pandemic era[34]. - The company’s operational strategy includes a focus on customized solutions for large-scale end-users, utilizing a project-based sales approach[30]. Research and Development - The company emphasizes research and development, implementing a structured new product development process to manage software and hardware projects effectively[30]. - The company has a research and development team comprising 45.20% of its total workforce, focusing on technological innovation in various fields including IoT, cloud computing, big data, and artificial intelligence[49]. - The company launched 17 new patent authorizations and 11 new software copyrights during the reporting period, with a total of 218 authorized patents and 232 software copyrights as of June 30, 2020[50]. - The company plans to enhance R&D investment to maintain industry-leading technology and core competitive products[110]. Risks and Challenges - The company faces various risks including market risks, product price and gross margin decline risks, and risks related to the COVID-19 pandemic affecting performance[5]. - The pandemic has slowed the expansion of overseas markets, but long-term demand remains strong, particularly in e-commerce, logistics, and electronic payments in regions like Southeast Asia and South America[35]. - The company faces risks from market competition and is committed to adjusting pricing and product structure to maintain profit margins[112]. - The company is monitoring international political risks and will implement strategies to mitigate potential impacts on overseas market expansion[111]. - The company faces risks related to goodwill impairment due to underperformance of acquired subsidiaries, and it will enhance management and resource integration to mitigate this risk[117]. Acquisitions and Investments - The acquisition of Jabil Technology has expanded the company's product offerings in the AIDC field, enhancing its competitive advantage and integrated service capabilities[38]. - The integration of Jiabo Technology into the company's financial reports has improved its AIDC product layout and service capabilities[63]. - The company has completed the payment of equity acquisition related to the private placement, with a total of RMB 14,378,460 allocated for the acquisition of 51% of Shenzhen Ruibotai Electronics Co., Ltd.[91]. - The company acquired 100% equity of Zhihui Network for RMB 12.05 million, completing the registration on April 9, 2020[156]. Shareholder and Capital Structure - The company plans to issue up to 29,451,336 shares in a non-public offering, with participation from 33 subscribers including related parties[141]. - The total number of common shareholders at the end of the reporting period was 13,068[169]. - The largest shareholder, Hong Kong Youboxin Technology Holdings Group, holds 43.35% of shares, totaling 140,049,000 shares[170]. - The issuance of new shares is part of the company's strategy to enhance capital for future growth[167]. Miscellaneous - The company did not distribute cash dividends or issue bonus shares during the reporting period[126]. - The company’s half-year financial report has not been audited[128]. - The company reported no significant litigation or arbitration matters during the reporting period[130]. - The company has no major penalties or rectification situations in the reporting period[133].

Financial Performance - Total revenue for Q1 2020 was ¥169,710,612.29, a decrease of 46.57% compared to ¥317,635,821.37 in the same period last year[7]. - Net profit attributable to shareholders was ¥24,250,330.60, down 49.23% from ¥47,762,926.97 year-on-year[7]. - Net profit excluding non-recurring gains and losses was ¥19,906,553.35, a decline of 56.72% compared to ¥45,990,428.58 in the previous year[7]. - Basic earnings per share were ¥0.08, down 52.94% from ¥0.17 year-on-year[7]. - The company reported a total comprehensive income of CNY 24,021,756.25 for Q1 2020, down from CNY 48,563,847.89 in the previous year[68]. - The net profit for Q1 2020 was CNY 5,032,202.34, a significant recovery from a net loss of CNY 4,289,828.10 in the same period last year[72]. - Operating profit for the quarter was CNY 5,235,964.26, compared to an operating loss of CNY 5,368,360.43 in Q1 2019[72]. - The company reported a decrease in cash inflow from operating activities, totaling CNY 209,836,116.24 compared to CNY 276,283,140.74 in the previous year[74]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,929,312,522.26, an increase of 1.50% from ¥1,900,723,122.86 at the end of the previous year[7]. - Total current assets increased to CNY 1,226,131,277.45 as of March 31, 2020, compared to CNY 1,206,150,296.42 at December 31, 2019, reflecting a growth of approximately 1.7%[57]. - Total liabilities decreased to CNY 487,131,841.30 from CNY 626,861,007.15, a reduction of about 22.3%[59]. - The company’s total equity rose to CNY 1,442,180,680.96 from CNY 1,273,862,115.71, an increase of about 13.2%[60]. - The company’s retained earnings stood at 424,931,373.94 CNY, indicating a strong accumulation of profits over time[83]. Cash Flow - Net cash flow from operating activities was -¥19,410,885.87, a decrease of 343.24% from ¥7,980,061.62 in the same period last year[7]. - Cash and cash equivalents decreased to CNY 414,661,312.62 from CNY 586,730,801.81, a decline of about 29.3%[57]. - The net cash flow from financing activities was CNY 202,028,772.80, a recovery from a negative cash flow of CNY 1,965,112.89 in the same period last year[76]. - The company incurred a total investment cash outflow of CNY 457,527,253.31, significantly higher than CNY 119,138,804.29 in the previous year[75]. Government Support and Subsidies - The company received government subsidies amounting to ¥3,642,421.08 during the reporting period[8]. - Tax incentives have significantly influenced the company's performance, with total tax benefits amounting to ¥3,965,722.38, accounting for 15.95% of total profit during the reporting period[38]. Market and Operational Strategy - The company plans to enhance market expansion efforts and aims to achieve its operational goals set at the beginning of the year[26]. - The company is focusing on enhancing its production management and product quality to improve its competitive edge in the market[33]. - The company is actively monitoring risks associated with expanding into overseas markets, including political, economic, and regulatory changes[33]. - The company is committed to increasing its R&D investment to ensure technological leadership and core competitiveness of its products[33]. Research and Development - The company’s research and development expenses increased by 38.43% to RMB 17.37 million, reflecting higher investment in R&D[22]. - The company added 11 new patents and 26 new software copyrights during the reporting period, enhancing its intellectual property portfolio[29]. - The company developed infrared temperature measurement terminals and face recognition temperature measurement terminals in response to the COVID-19 pandemic, contributing positively to epidemic prevention efforts[29]. Risks and Challenges - The company is facing risks related to talent retention due to rising labor costs and competition in the IT industry, and plans to enhance employee benefits and implement stock incentive plans to attract and retain talent[36]. - The company is exposed to foreign exchange risks due to transactions in USD, EUR, and HKD, and plans to mitigate this risk through flexible pricing and foreign exchange hedging[42]. - The company has experienced a decline in the prices and gross margins of smart mobile terminal products, which may impact future profitability if competition intensifies[34]. - The company acknowledges the potential impact of the COVID-19 pandemic on its operations and will monitor the situation closely to assess financial implications[43]. Compliance and Transparency - The company has disclosed all significant matters during the reporting period, ensuring transparency and compliance with regulatory requirements[44]. - The first quarter report has not been audited[87].

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2019, representing a year-on-year increase of 15%[12]. - The net profit attributable to shareholders was RMB 150 million, an increase of 10% compared to the previous year[12]. - The company's operating revenue for 2019 was ¥951,309,604.48, a decrease of 0.07% compared to 2018[18]. - The net profit attributable to shareholders for 2019 was ¥51,356,383.35, representing a decline of 56.20% year-over-year[18]. - The net profit after deducting non-recurring gains and losses was ¥23,949,816.97, down 77.24% from the previous year[18]. - The net cash flow from operating activities increased significantly to ¥209,983,213.09, a rise of 869.74% compared to 2018[18]. - The company reported a net profit of 30.58 million yuan for the reporting period, with a profit completion rate of 70.91% against the promised performance[113]. - The company's net profit for the year was a loss of RMB 46,697,798.80, with a remaining undistributed profit of RMB 92,961,494.00 as of December 31, 2019[161]. Market Expansion and Strategy - The company is focusing on expanding its market presence in Southeast Asia, targeting a 25% increase in market share by 2021[12]. - The company's overseas market sales increased by 39.02% compared to the previous year, with major markets in India, Southeast Asia, South America, Europe, and Russia[38]. - The company is actively exploring the application of artificial intelligence technologies and related hardware and software products in new retail and smart logistics sectors[42]. - The company aims to enhance its core competitive advantages by focusing on the application of smart mobile information solutions across various industries, including logistics, e-commerce, retail, manufacturing, and finance[135]. - The company plans to expand its international market presence by increasing marketing efforts and exploring various cooperation methods to boost overseas market share[136]. Research and Development - The company is investing RMB 50 million in R&D for new technologies in mobile payment solutions[12]. - The company actively researched and developed AI technologies such as computer vision and machine learning for applications in new retail and smart logistics[28]. - The company has established a comprehensive new product development management process, ensuring effective control over the R&D process[34]. - The company continues to invest in R&D to maintain its technological leadership and adapt to market demands[49]. - Research and development expenses rose by 2.46% to ¥74,004,866.84, indicating continued investment in innovation[79]. Product Development and Innovation - New product launches are expected to contribute an additional RMB 200 million in revenue in 2020[12]. - The company launched new products including the DT30, DT40, and DT50 series of smart mobile data terminals, and the industrial-grade RFID handheld terminal V5000S, which won an award for innovation[61]. - The company has entered mass production for several new products, including high-end enterprise smart terminals and facial recognition payment terminals, enhancing market competitiveness[81]. - The company is focusing on expanding its product line to include smart payment terminals and intelligent transportation solutions, which are expected to drive future growth[81]. - The company has launched multiple software solutions aimed at enhancing operational efficiency in various sectors, including logistics and retail[83]. Financial Management and Investments - The company plans to raise up to RMB 350 million through a private placement to fund the acquisition of Zhuhai Jiabo Technology and related expenses[197]. - The company reported a fair value change gain of RMB 20,415,088.31 on its financial assets during the reporting period[104]. - The company has not made any significant non-equity investments during the reporting period[103]. - The company has not reported any related party debt or credit transactions during the reporting period[194]. - The company has not engaged in any major equity sales during the reporting period, ensuring stability in its ownership structure[115]. Risk Management - The company faces risks including a potential decline in gross margin by 5% due to increased competition in the smart mobile terminal market[5]. - The company is exposed to foreign exchange risks due to its reliance on USD, EUR, and HKD for transactions, and plans to use flexible pricing mechanisms and hedging strategies to mitigate this risk[153]. - The company has established a strategic plan to manage goodwill impairment risks associated with its mergers and acquisitions[151]. - The company has faced temporary operational impacts due to the COVID-19 pandemic, with ongoing assessments to understand its financial implications[154]. Shareholder and Governance - The company plans to distribute a cash dividend of RMB 0.32 per 10 shares, totaling RMB 10,337,700.13 (including tax) based on a total share capital of 323,053,129 shares[161]. - The cash dividend represents 100% of the profit distribution total, with no shares issued as bonuses or capital reserve transfers[160]. - The company has ensured that minority shareholders had the opportunity to express their opinions and that their legal rights were adequately protected[159]. - The company has committed to enhancing its production management and service quality to improve market competitiveness[144]. - The company is committed to maintaining a strict governance structure to protect shareholder rights and ensure effective oversight of management[141].

Financial Performance - Operating revenue for the reporting period was ¥296,963,968.04, a decrease of 17.97% year-on-year[9] - Net profit attributable to shareholders of the listed company was -¥3,307.50, a decline of 100.01% compared to the same period last year[9] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥31,032,666.56, a decrease of 173.42% year-on-year[9] - The basic earnings per share for the reporting period was -¥0.0001, a drop of 100.06% compared to the previous year[9] - The weighted average return on net assets was -0.01%, down by 7.01% from the previous year[9] - Total operating revenue for Q3 2019 was CNY 296,963,968.04, a decrease of 18.0% compared to CNY 362,022,464.49 in the same period last year[41] - Net profit for Q3 2019 was CNY 1,196,411.25, a significant decline from CNY 48,828,474.27 in Q3 2018[42] - The company's total equity attributable to shareholders increased to CNY 494,737,495.13, compared to CNY 474,493,381.48 in the previous year, reflecting a growth of 4.3%[39] - Basic earnings per share for Q3 2019 were -CNY 0.0001, compared to CNY 0.1667 in the same period last year, indicating a significant decline[43] - The total profit for Q3 2019 was ¥15,176,378.67, a turnaround from a loss of ¥949,842.94 in the previous period[45] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,202,210,858.37, an increase of 0.79% compared to the previous year-end[9] - Total liabilities decreased to RMB 393.36 million from RMB 447.24 million, a reduction of approximately 12.1%[33] - The company's total assets increased to CNY 1,294,492,512.68, up from CNY 1,173,475,878.62 year-on-year, reflecting a growth of 10.3%[39] - Total liabilities rose to CNY 799,755,017.55, compared to CNY 698,982,497.14 in the previous year, marking an increase of 14.4%[39] - The total assets of the company amounted to ¥1,192,758,621.44 as of the end of Q3 2019[68] - The total liabilities were reported at ¥447,241,984.33, indicating a stable financial position[68] - The company's equity attributable to shareholders was ¥708,495,679.25, reflecting a solid capital structure[68] Cash Flow - The company reported a net cash flow from operating activities of ¥34,594,781.81, an increase of 119.11% year-to-date[9] - Cash received from operating activities increased significantly to ¥860,737,990.23, compared to ¥557,779,261.30 in Q3 2018[62] - Cash outflow for operating activities was ¥761,532,922.24, slightly higher than ¥741,993,845.99 in the previous period[58] - Cash flow from operating activities generated a net amount of ¥34,594,781.81, a significant improvement from a net outflow of ¥180,999,884.27 in the previous period[58] - The net cash flow from operating activities for Q3 2019 was ¥74,186,470.05, a significant improvement compared to a net outflow of ¥142,588,487.90 in Q3 2018[62] - The net cash flow from financing activities showed a net outflow of ¥53,367,222.20, contrasting with a net inflow of ¥120,347,323.46 in Q3 2018[63] Shareholder Information - The top shareholder, Hong Kong Youbo Technology Holdings Group Limited, holds 50.02% of the shares, totaling 140,049,000 shares[13] - The company did not engage in any repurchase transactions among the top ten shareholders during the reporting period[14] - The company distributed cash dividends of RMB 0.30 per 10 shares, totaling RMB 8.40 million, based on a total share capital of 28 million shares as of December 31, 2018[25] - The company has not made any adjustments to its cash dividend policy during the reporting period[25] Operational Highlights - The company reported a 44.39% increase in cash received from sales to ¥750,239,666.24, driven by growth in sales volume[20] - The company incurred a 299.62% increase in asset impairment losses, totaling ¥78,574,351.12, due to goodwill impairment testing[19] - The company plans to issue shares and pay cash to acquire 100% equity of Zhuhai Jiabo Technology Co., Ltd., with a fundraising cap of ¥350 million[23] - The company's trading financial assets increased by 848.36% to ¥31,231,579.01 due to the recognition of expected performance compensation from Ruibotai[19] - The company’s financial expenses increased significantly due to higher short-term borrowings, resulting in a cost increase of ¥6,145,721.82[19] - The company’s other receivables rose by 246.42% to ¥14,523,972.24, attributed to an increase in export tax rebates[19] - The company’s deferred income decreased by 45.29% to ¥3,204,153.94 as prior government subsidies were recognized as other income[19] Research and Development - Research and development expenses for Q3 2019 were CNY 20,959,588.33, up from CNY 18,359,460.90 in the same period last year, representing an increase of 8.7%[41] - Research and development expenses for Q3 2019 amounted to ¥13,924,346.07, compared to ¥10,333,566.67 in the previous period, reflecting a focus on innovation[45] - Research and development expenses increased to ¥31,810,351.17 from ¥24,731,188.97, reflecting a rise of 28.5%[54]

Financial Performance - Total revenue for the first half of 2019 reached ¥473,524,154.42, an increase of 42.88% compared to ¥331,417,962.59 in the same period last year[18]. - Net profit attributable to shareholders was ¥75,985,006.47, up 45.42% from ¥52,253,495.25 year-on-year[18]. - Basic earnings per share rose to ¥0.27, reflecting a 42.11% increase from ¥0.19 in the same period last year[18]. - The company reported a significant increase in overseas market sales, achieving a growth rate of 116.15% compared to the same period last year[35]. - The company reported a net profit increase of 9.67% in retained earnings, totaling CNY 449,559,997.06, which accounted for 40.04% of total assets[69]. - The company reported a net profit of 20.56 million RMB for the reporting period, with an average annual pre-tax profit not meeting the committed benefits due to higher expected selling prices[87]. - The company reported a significant increase in other receivables, which rose by 120.09% to CNY 47,652,425.50, mainly due to increased inter-company transactions[96]. Cash Flow and Assets - Net cash flow from operating activities improved significantly to ¥115,791,686.52, a turnaround from a negative cash flow of ¥122,554,239.35 in the previous year, representing a 194.48% increase[18]. - Cash and cash equivalents decreased by 97.37% to RMB -3,076,172.59, reflecting increased cash inflows from sales despite ongoing financial obligations[61]. - The cash inflow from operating activities totaled CNY 638,177,825.84 in the first half of 2019, compared to CNY 264,119,914.86 in the first half of 2018, reflecting an increase of approximately 141.5%[178]. - The company reported a cash and cash equivalents balance of CNY 358,311,110.62 at the end of the first half of 2019, down from CNY 186,066,059.41 at the end of the first half of 2018[180]. - The total cash outflow from investment activities was CNY 172,888,386.16 in the first half of 2019, compared to CNY 303,103,438.82 in the same period of 2018, showing a decrease of approximately 42.9%[179]. - The company reported a decrease in cash and cash equivalents by 17,789,769.95 CNY during the period[183]. Investments and R&D - The company continues to invest in research and development, focusing on new technologies such as AI, RFID, and cloud computing to strengthen its market position[53]. - Research and development expenses increased to CNY 31.39 million, up 11.0% from CNY 28.18 million in the previous year[170]. - The company has accumulated a total of 51 patents and 166 software copyrights, with 10 new patents and 12 new software copyrights granted during the reporting period[41]. - The company plans to enhance R&D investment to maintain industry-leading technology and core competitive products[99]. Market and Product Development - The company is actively developing AI technologies such as computer vision, machine learning, and biometrics for applications in new retail and smart logistics[25]. - The company’s main products include handheld PDAs and smart mobile terminals, which are integrated solutions for various industries such as logistics, retail, and healthcare[26]. - The company has made significant advancements in the smart POS terminal market, which is expected to continue growing as part of the new retail wave[32]. - The company has enhanced its product functionality and quality, establishing a strong international competitiveness in the smart mobile terminal market[35]. Risks and Challenges - The company faces various risks including market risks, price and gross margin declines, and potential policy changes[6]. - The company anticipates potential risks from declining prices and gross margins in smart mobile terminal products due to intensified market competition[100]. - The company is exposed to foreign exchange risk due to procurement and export transactions primarily settled in USD, EUR, and HKD, and it plans to use flexible pricing and hedging strategies to manage this risk[107]. Corporate Governance and Shareholder Matters - The company did not distribute cash dividends or issue bonus shares during the reporting period[111]. - The company has no major litigation or arbitration matters during the reporting period[116]. - The company has not implemented any stock incentive plans or employee shareholding plans during the reporting period[120]. - The company’s actual controller and shareholders have fulfilled their commitments during the reporting period[112]. - The company’s annual and interim shareholder meetings had participation rates of 70.91% and 70.29%, respectively[110]. Financial Structure - Total assets decreased by 5.86% to ¥1,122,881,654.27 from ¥1,192,758,621.44 at the end of the previous year[18]. - Total liabilities decreased to CNY 315,153,026.82 from CNY 447,241,984.33, a reduction of about 29.5%[162]. - The company's equity increased to CNY 807,728,627.45 from CNY 745,516,637.11, reflecting an increase of about 8.34%[162]. - The total amount of raised funds was CNY 267,200,000, with a net amount of CNY 224,471,200 after deducting issuance costs[79].

Financial Performance - Total revenue for Q1 2019 reached ¥317,635,821.37, representing a 159.42% increase compared to ¥122,440,156.79 in the same period last year[8] - Net profit attributable to shareholders was ¥47,762,926.97, an increase of 83.00% from ¥26,100,424.72 year-over-year[8] - Net profit excluding non-recurring gains and losses was ¥45,990,428.58, up 95.20% from ¥23,560,622.06 in the previous year[8] - Basic earnings per share increased to ¥0.17, an 88.89% rise from ¥0.09 in the previous year[8] - The net profit attributable to shareholders for Q1 2019 was RMB 47,762,926.97, reflecting a year-on-year growth of 83.00%[24] - The net profit for the current period is ¥48,514,735.11, compared to ¥28,533,863.80 in the previous period, indicating a growth of approximately 70%[62] - The company reported an operating profit of ¥56,810,193.77, an increase from ¥31,753,743.21 in the previous period[62] - The total comprehensive income for the current period is ¥48,563,847.89, compared to ¥28,550,046.06 in the previous period[63] Cash Flow - Operating cash flow for the period was ¥7,980,061.62, a significant improvement of 328.85% compared to a negative cash flow of ¥3,487,097.10 in the same quarter last year[8] - The company's operating cash inflow totaled CNY 276,283,140.74, a significant increase from CNY 127,422,202.52 in the previous period, reflecting a growth of approximately 117%[70] - The net cash flow from operating activities was CNY 7,980,061.62, compared to a negative CNY 3,487,097.10 in the prior period, indicating a turnaround in performance[70] - Cash received from sales of goods and services reached CNY 259,978,338.95, up from CNY 113,947,551.58, marking an increase of about 128%[69] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,212,465,276.41, a 1.65% increase from ¥1,192,758,621.44 at the end of the previous year[8] - Total current assets increased to ¥1,014,900,928.18 from ¥995,492,659.01, representing a growth of approximately 1.4%[52] - Total liabilities decreased to ¥418,384,791.41 from ¥447,241,984.33, a reduction of approximately 6.4%[53] - Shareholders' equity totaled CNY 745,516,637.11, with total equity attributable to the parent company at CNY 708,495,679.25[78] Investments and R&D - The company plans to increase R&D investment to maintain its competitive edge in key technologies and product capabilities[29] - Research and development expenses for the current period are ¥12,549,712.21, slightly down from ¥13,563,338.08 in the previous period[60] - The company has invested ¥1,244.33 million in the R&D center construction project, achieving a progress rate of 64.28%[42] Market and Product Development - The company is focusing on the development of high-end enterprise smart terminals and enterprise-level secure smart terminals, with small batch production underway[25] - The company has developed a new industrial-grade RFID handheld terminal V5000S, which won the "Most Influential Innovative Product - Handheld Terminal" award among nearly 400 IoT companies[28] - The company is focusing on expanding its customer base in logistics e-commerce, new retail, smart payment, smart manufacturing, and public transportation sectors[28] Risk Management - The company is actively monitoring policy changes and industry trends to address potential risks associated with emerging technologies and lack of standards[33] - The company has reported an increase in accounts receivable due to business expansion, particularly in overseas markets, which poses a risk if market conditions change[37] Government Support and Subsidies - The company received government subsidies amounting to ¥4,842,665.34 during the reporting period[9] - The total tax benefits enjoyed by the company and its subsidiaries during Q1 2019 amounted to ¥14,072,200.57, which accounted for 24.77% of the total profit[35] Shareholder Information - The top shareholder, Hong Kong Youbo Technology Holdings Group, holds 50.02% of the shares, with 140,049,000 shares pledged[12] Compliance and Reporting - The report for the first quarter of 2019 was not audited, which may affect the reliability of the financial data presented[83] - The company has completed disclosures of important matters during the reporting period, including responses to inquiries from the Shenzhen Stock Exchange[39]

Financial Performance - The company's operating revenue for 2018 was CNY 951,939,425.66, representing a 114.78% increase compared to CNY 443,219,977.40 in 2017[17]. - The net profit attributable to shareholders for 2018 was CNY 117,250,420.08, up 141.19% from CNY 48,613,327.58 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was CNY 105,229,602.45, reflecting a 170.88% increase from CNY 38,847,809.64 in 2017[17]. - The basic earnings per share for 2018 was CNY 0.42, a 147.06% increase from CNY 0.17 in 2017[17]. - The total assets at the end of 2018 amounted to CNY 1,192,758,621.44, a 40.53% increase from CNY 848,785,657.46 at the end of 2017[17]. - The net assets attributable to shareholders increased by 18.70% to CNY 708,495,679.25 from CNY 596,864,918.84 in 2017[17]. - The company reported a negative net cash flow from operating activities of CNY -27,279,864.12, a decrease of 146.38% compared to CNY 58,816,369.14 in 2017[17]. - The weighted average return on net assets was 17.96%, an increase of 9.54% from 8.42% in the previous year[17]. Market and Product Development - The company is actively developing AI technologies such as computer vision, machine learning, and biometrics for applications in new retail and smart logistics[25]. - The main product line includes handheld PDAs and smart mobile terminals, which are used across various industries including logistics, e-commerce, and healthcare[26]. - The company aims to provide integrated solutions for real-time information collection and management across multiple sectors, enhancing operational efficiency[25]. - The company is focused on expanding its market presence in smart logistics and new retail sectors through innovative product offerings[25]. - The smart POS terminal market is expected to continue to grow, driven by the new retail wave, with enhanced functionalities such as inventory management and order management[35]. - The company has maintained good cooperation with major third-party payment platforms and won multiple projects from state-owned banks[35]. Research and Development - The company has established a comprehensive new product development management process, dividing it into five stages: concept, planning, development, release, and maintenance[30]. - The company has a technical research and development team comprising 301 personnel, accounting for 46.59% of the total workforce[44]. - The company invested CNY 72,231,425.05 in R&D in 2018, accounting for 7.59% of its revenue, a decrease from 12.61% in 2017[76]. - The company is currently in the design verification phase for high-end enterprise smart terminals, which will enhance its competitiveness in the mobile intelligent application sector[74]. - The company is implementing strategies to mitigate talent loss risks by enhancing employee benefits and creating opportunities for professional development[138]. Cash Flow and Financing - Operating cash inflow totaled CNY 951,708,445.37 in 2018, a 92.09% increase compared to CNY 495,453,218.98 in 2017[78]. - Cash flow from financing activities saw a significant increase, with inflows of CNY 177,763,477.70, up 211.62% from CNY 57,045,403.50 in 2017[78]. - The company reported a 49.80% decrease in net increase in cash and cash equivalents, totaling CNY 58,344,208.51 in 2018[78]. - The cash received from sales of goods and services rose by 85.77% to CNY 873,438,760.17, driven by increased sales volume[78]. Risks and Challenges - The company faces various risks including market risks, price and gross margin declines of smart mobile terminal products, and potential goodwill impairment[5]. - The company has identified risks related to accounts receivable collection as its business scale, particularly overseas, expands, which may lead to cash flow challenges if market conditions change[143]. - The company acknowledges the potential impact of policy changes on its tax benefits and is focused on reducing reliance on such policies by improving its core business performance[141]. Shareholder and Governance - The company plans to distribute a cash dividend of CNY 0.30 per 10 shares to all shareholders, based on a total of 280,000,000 shares[5]. - The company reported a cash dividend of ¥0.30 per 10 shares, totaling ¥8.4 million, which represents 100% of the profit distribution amount[148]. - The company has committed to not transferring or entrusting the management of its shares for 36 months post-IPO, ensuring shareholder confidence[152]. - The company emphasizes the importance of maintaining shareholder confidence through these commitments[155]. Strategic Initiatives - The company plans to expand its overseas market presence by increasing marketing efforts and developing various cooperation methods to ensure stable and sustainable revenue growth[127]. - The company will continue to integrate industry and supply chain resources and utilize capital markets to strengthen its core business[128]. - The company is committed to improving its governance structure to ensure shareholder rights and effective oversight by the board and supervisory committee[131].

Financial Performance - Operating revenue for the period reached CNY 362,022,464.49, a significant increase of 247.71% year-on-year[8] - Net profit attributable to shareholders was CNY 46,665,140.19, reflecting a growth of 258.13% compared to the same period last year[8] - The net profit after deducting non-recurring gains and losses was CNY 42,265,637.57, up 273.31% year-on-year[8] - Basic earnings per share rose to CNY 0.17, an increase of 240.00% compared to the same period last year[8] - The company reported a significant increase in prepaid expenses to CNY 37,560,021.11 from CNY 15,423,744.45, reflecting a growth of approximately 143.0%[26] - Total operating revenue for the current period reached ¥362,022,464.49, a significant increase from ¥104,115,355.37 in the previous period, representing a growth of approximately 247%[34] - Net profit for the current period was ¥48,828,474.27, compared to ¥15,609,380.27 in the previous period, reflecting a growth of approximately 212%[35] - The company recorded a total comprehensive income of ¥48,818,929.25, compared to ¥15,603,687.62 in the previous period, representing a growth of about 212%[36] Asset and Liability Changes - Total assets increased by 39.07% to CNY 1,180,373,566.04 compared to the end of the previous year[8] - Current assets rose to CNY 983,387,298.16 from CNY 662,659,117.54, marking an increase of about 48.4%[26] - The total liabilities reached CNY 460,647,377.24, up from CNY 221,066,797.13, representing an increase of approximately 108.7%[28] - Current liabilities rose to CNY 453,105,276.59 from CNY 214,718,714.73, an increase of approximately 111.0%[28] - The company's equity attributable to shareholders increased to CNY 690,172,045.17 from CNY 596,864,918.84, a growth of about 15.6%[28] Cash Flow and Financing Activities - The company reported a net cash flow from operating activities of CNY -180,999,884.27, a decline of 469.02% year-to-date[8] - The net cash flow from operating activities for Q3 2018 was negative CNY 180,999,884.27, worsening from negative CNY 31,808,985.72 in the same period last year[48] - Total cash inflow from investment activities was 315,015,384.52 yuan, while cash outflow was 359,185,037.33 yuan, resulting in a net cash flow of -44,169,652.81 yuan[53] - Cash inflow from financing activities amounted to 155,739,254.35 yuan, with cash outflow of 35,391,930.89 yuan, leading to a net cash flow of 120,347,323.46 yuan[54] - The company incurred total cash outflows of 700,367,749.20 yuan for operating activities, compared to 313,142,078.08 yuan in the previous period[53] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 19,670[12] - The largest shareholder, Hong Kong Youboxin Technology Holdings Group Co., Ltd., holds 50.02% of the shares, totaling 140,049,000 shares[12] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[13] Inventory and Receivables - Accounts receivable increased by 112.89% to ¥379,096,143.33, attributed to expanded sales volume[16] - Inventory rose by 116.56% to ¥288,282,438.68, driven by increased orders[16] Research and Development - Research and development expenses increased to ¥18,359,460.90 from ¥14,096,873.95, marking a rise of about 30%[34] - Research and development expenses for Q3 2018 amounted to CNY 24,731,188.97, compared to CNY 20,006,713.23 in Q3 2017, which is an increase of approximately 23.7%[46]