Financial Performance - The company's operating revenue for 2020 was ¥1,149,153,968.02, representing a 5.99% increase compared to ¥1,084,248,623.96 in 2019[15]. - The net profit attributable to shareholders for 2020 was ¥68,278,696.61, a 23.50% increase from ¥55,286,886.21 in 2019[15]. - The net cash flow from operating activities reached ¥170,936,239.26, showing a significant increase of 104.19% compared to ¥83,715,877.67 in 2019[15]. - Basic earnings per share for 2020 were ¥0.23, up 27.78% from ¥0.18 in 2019[15]. - The total assets at the end of 2020 were ¥1,086,156,330.83, a 2.12% increase from ¥1,063,640,052.16 at the end of 2019[15]. - The net assets attributable to shareholders increased by 3.42% to ¥678,180,946.47 at the end of 2020 from ¥655,744,088.32 at the end of 2019[15]. - The company reported a quarterly revenue of ¥416,993,124.91 in Q4 2020, the highest among the four quarters[17]. - The company experienced a net profit of ¥57,152,423.92 in Q4 2020, recovering from losses in the first quarter[17]. - The company’s total operating revenue for 2020 was ¥1,149,153,968.02, representing a year-on-year increase of 5.99% compared to ¥1,084,248,623.96 in 2019[54]. - Operating profit reached CNY 99.03 million, reflecting a growth of 24.66% compared to the previous year[46]. - Net profit attributable to shareholders was CNY 68.28 million, up 23.50% year-on-year[46]. - The company reported a net profit attributable to shareholders of ¥57,152,423.9 in Q4 2020, compared to a loss of ¥11,962,088 in Q1 2020, indicating a strong recovery in the latter half of the year[56]. Dividend Distribution - The company plans to distribute a cash dividend of ¥0.9 per 10 shares, based on a total of 300,083,479 shares[4]. - The company announced a cash dividend of 0.90 CNY per 10 shares, totaling 27,007,513.11 CNY (including tax) for the fiscal year 2020[114]. - The cash dividend accounted for 100% of the distributable profit of 306,237,989.72 CNY for the same period[114]. - The cash dividend for 2020 represented 39.55% of the consolidated net profit attributable to the company's ordinary shareholders[117]. - The company maintained a consistent dividend policy, ensuring transparency and compliance with regulations[113]. - The cash dividend distribution process allows for adjustments in case of changes in share capital due to stock options or convertible bonds[116]. - The company has a history of increasing cash dividends over the past three years, reflecting a commitment to returning value to shareholders[117]. Business Strategy and Market Focus - The company continues to focus on software development and system integration services primarily for the financial sector, with no changes in its main business since establishment[25]. - Key products include the electronic channel integration cloud platform and trade financing settlement system, widely applied in financial and governmental sectors[25][27]. - The company emphasizes a microservices architecture in its collaborative cloud platform to enhance efficiency and scalability in banking operations[26]. - The transaction banking system aims to reduce service costs for banks while improving customer satisfaction through a comprehensive electronic banking platform[28]. - The company focuses on "financial technology" and "military informationization" as its core market areas, emphasizing blockchain, big data, and cloud computing for innovation and technology breakthroughs[35]. - The company is actively adapting its big data applications to the financial sector, building on its established success in public security and military applications[99]. - The company plans to leverage its technological advantages in big data and blockchain to expand its influence within the existing financial client base and reach more clients in the financial sector[94]. - The company is increasing investment in product development and marketing in the public security sector, focusing on internet-based public security services and smart policing[95]. Research and Development - The company has invested significantly in R&D, maintaining its competitive edge in big data and blockchain technologies, with a focus on practical applications in public security[48]. - The company is aiming to enhance its research and development efforts in graph databases and knowledge graphs, particularly in the financial, public security, and military big data fields[99]. - In 2020, the company's R&D expenditure amounted to ¥147,776,034.24, representing 12.86% of total revenue, a slight decrease from 13.16% in 2019[69]. - The number of R&D personnel rose to 1,190, accounting for 66.00% of the workforce, down from 81.77% in 2019[69]. - The company will continue to invest heavily in R&D, focusing on big data, blockchain, cloud computing, and artificial intelligence to maintain industry leadership[102]. Acquisitions and Investments - The company completed the acquisition of a 55% stake in Beijing Qinglin Software Technology Co., Ltd., resulting in a 100% decrease in equity assets[38]. - The company acquired a 55% stake in Beijing Qinglin Software Technology Co., Ltd. during the reporting period, enhancing its market position[65]. - The company acquired 15% equity in Beijing Qinglin Software Technology Co., Ltd. for a total cash payment of CNY 36 million, increasing its ownership to 55%[171]. - The cash acquisition of Beijing Qinglin Software Technology Co., Ltd. had a revenue impact of 3,691,944.45 yuan and a net profit impact of 2,706,751.93 yuan for the parent company's shareholders[90]. Risk Management - The company highlighted risks including reliance on major clients and rising labor costs, as well as the impact of the COVID-19 pandemic[4]. - The company is actively monitoring the impact of the COVID-19 pandemic on its operations and is implementing measures to mitigate risks associated with client site restrictions[106]. Compliance and Governance - The company’s board of directors confirmed that there were no non-standard audit reports for the reporting period[128]. - The company has not faced any penalties or rectification issues during the reporting period, reflecting compliance with regulations[134]. - The company has made commitments to ensure the accuracy and completeness of its IPO prospectus and related application materials[122]. - The company will ensure that any stock incentive policies are aligned with the execution of its compensation measures[120]. - The company is committed to protecting investor rights through various measures in case of unfulfilled commitments[121]. Shareholder Information - The total number of shareholders at the end of the reporting period is 23,169, an increase from 19,978 at the end of the previous month[198]. - The largest shareholder, Li Fuhua, holds 14.53% of the shares, totaling 43,592,250 shares, with an increase of 10,059,750 shares during the reporting period[198]. - The second-largest shareholder, Kang Lu, owns 13.09% of the shares, amounting to 39,282,750 shares, with an increase of 9,056,250 shares[198]. - The top ten shareholders include a mix of individual and institutional investors, with the largest institutional shareholder being CITIC Securities Co., Ltd., holding 1.68% of the shares[198].

Financial Performance - The company's operating revenue for the first half of 2020 was ¥414,074,518.95, a decrease of 16.38% compared to ¥495,213,477.73 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was ¥9,637,594.34, an increase of 13.32% from ¥8,504,496.66 in the previous year[18]. - The net cash flow from operating activities was ¥6,167,073.76, a significant improvement of 109.88% compared to a negative cash flow of ¥62,413,667.10 in the same period last year[18]. - Total assets at the end of the reporting period were ¥1,100,058,860.64, reflecting a growth of 3.42% from ¥1,063,640,052.16 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company decreased by 7.66%, amounting to ¥605,505,958.85 compared to ¥655,744,088.32 at the end of the previous year[18]. - The basic earnings per share remained stable at ¥0.03, unchanged from the same period last year[18]. - The weighted average return on net assets increased to 1.49%, up from 1.33% in the previous year[18]. - The company achieved a profit total of CNY 4,241 billion in the first half of 2020, reflecting a 1.3% year-on-year growth[31]. - The net profit attributable to ordinary shareholders of the parent company was CNY 9.64 million, an increase of 13.32% year-on-year, while the net profit after deducting non-recurring gains and losses was CNY 8.55 million, up 11.05% year-on-year[41]. Revenue Breakdown - The company reported a 6.7% year-on-year increase in software business revenue, totaling CNY 35,609 billion in the first half of 2020[31]. - Revenue from system integration decreased by 24.87% to 254,421,328.55, with a gross margin of 11.50%, down 2.77% year-on-year[47]. - Software development revenue increased by 28.05% to 85,368,049.54, with a gross margin of 38.57%, up 3.24% compared to the previous year[47]. - Revenue from professional technical services fell by 17.71% to 72,777,976.91, with a gross margin of 39.30%, an increase of 3.05% year-on-year[47]. - Revenue from the banking sector decreased by 24.66% to 254,105,362.11, with a gross margin of 19.74%, up 1.64% year-on-year[48]. - Revenue from government and state-owned enterprises dropped by 38.26% to 72,760,644.68, with a gross margin of 20.80%, down 3.50% year-on-year[48]. Investments and Acquisitions - The company acquired 55% control of Beijing Qinglin Software Technology Co., Ltd., resulting in a 100% decrease in equity assets by the end of the reporting period[32]. - The company's goodwill increased by 36.49% due to the acquisition of Beijing Qinglin Software Technology Co., Ltd.[33]. - The company acquired a 15% stake in Beijing Qinglin Software Technology Co., Ltd. for a total of 36 million yuan, increasing its ownership to 55%[111]. - The company is exploring potential mergers and acquisitions to enhance its market position[168]. Cash Flow and Financial Position - The net cash flow from investing activities was -72,702,602.83, a decrease of 117.19% compared to the previous period, primarily due to increased investment payments for acquiring control of Beijing Qinglin Software Technology Co., Ltd.[46]. - The net cash flow from financing activities improved to -6,157,964.05, a significant increase of 87.49% year-on-year, mainly due to reduced loan repayments during the reporting period.[46]. - The net increase in cash and cash equivalents was -72,690,896.07, representing a 49.91% improvement compared to the previous period, attributed to changes in operating and financing cash flows.[46]. - Cash and cash equivalents decreased by 2.43% to ¥213,194,015.35, accounting for 19.38% of total assets[54]. - The company's net cash flow from operating activities for the first half of 2020 was ¥6,167,073.76, a significant improvement compared to a net outflow of ¥62,413,667.10 in the same period of 2019[161]. Risks and Challenges - The company faces risks including reliance on major customers and rising labor costs, as well as impacts from the COVID-19 pandemic[4]. - The company is facing risks from the COVID-19 pandemic, which has affected contract signing and project execution[74]. - The company is implementing measures to manage accounts receivable risks, including linking receivables management to employee performance evaluations[75]. Strategic Initiatives - The company continues to focus on innovation in financial technology and military informationization, emphasizing blockchain, big data, and cloud computing[31]. - The company established a military industry division to enhance its service capabilities for military clients, marking a strategic expansion into the military market[42]. - The company is focusing on improving operational efficiency to mitigate losses in the next reporting period[169]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[173]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares for this period[5]. - The company did not distribute cash dividends, issue bonus shares, or increase share capital from capital reserves for the semi-annual period[80]. - The company announced a cash dividend of 0.45 yuan per share, totaling approximately 10.26 million yuan, to be distributed to shareholders[110]. - The total number of ordinary shareholders at the end of the reporting period was 15,572[126]. Corporate Governance - The company held its first extraordinary general meeting of shareholders in 2020 with a participation rate of 40.21% on March 26, 2020[79]. - The company’s board of directors and supervisory board were re-elected, with a new term of three years starting from the approval date of the shareholders' meeting[114]. - The company’s independent directors provided clear independent opinions on the profit distribution and capital increase proposals submitted to the shareholders' meeting[120]. Accounting and Reporting - The financial report for the first half of 2020 was not audited[143]. - The company follows the accounting standards issued by the Ministry of Finance for financial reporting[187]. - The company has evaluated its ability to continue as a going concern and found no significant doubts regarding its ongoing operations[185]. - The company’s financial statements are prepared based on actual transactions and events, in accordance with relevant accounting standards[184].

Financial Performance - Operating revenue for the period reached CNY 320,670,863.62, representing an 80.00% increase year-on-year[7] - Net profit attributable to shareholders was CNY 1,739,157.21, a decrease of 0.92% compared to the same period last year[7] - Net profit attributable to shareholders after deducting non-recurring gains and losses increased by 186.65% to CNY 1,103,834.48[7] - Basic earnings per share remained at CNY 0.01, a 100.00% increase compared to the previous period[7] - The company achieved a 40.83% increase in other income compared to the same period last year, primarily due to increased VAT refunds[19] - Investment income decreased by 100.47% compared to the same period last year, as the company no longer recognizes investment income after acquiring a 55% controlling stake in Beijing Qinglin Software Technology Co., Ltd.[19] - The company reported a net profit margin improvement, with undistributed profits reaching ¥288,513,956.10, compared to ¥275,585,198.58 in the previous year, an increase of about 4.5%[35] - The company reported a total profit of CNY 26,221,629.45 for Q3 2020, compared to CNY 24,276,545.42 in Q3 2019, indicating a growth of 8.0%[46] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -47,407,792.17, a decline of 276.91%[7] - Cash and cash equivalents decreased by 39.57% compared to the beginning of the year, primarily due to repayment of long-term loans and payment of long-term payables[18] - The cash flow from operating activities showed a net outflow of CNY 41,240,718.41, compared to a net outflow of CNY 35,615,811.78 in the previous year[51] - Total cash and cash equivalents at the end of the period decreased to CNY 76,763,506.07 from CNY 151,328,898.12, a decline of 49.3%[56] - Cash flow from investing activities was negative CNY 66,348,750.23, worsening from negative CNY 27,786,054.72 year-over-year[56] - Cash inflow from financing activities was CNY 151,894,326.27, slightly down from CNY 161,456,758.40 in the previous year[56] - Net cash flow from financing activities improved to positive CNY 18,788,894.36 from negative CNY 68,511,970.14 year-over-year[56] Assets and Liabilities - Total assets increased by 8.71% to CNY 1,156,253,833.68 compared to the end of the previous year[7] - Cash and cash equivalents stood at CNY 157,518,072.77, indicating stable liquidity[62] - Total liabilities increased to ¥435,700,187.39 from ¥299,806,615.61, reflecting a rise of approximately 45.3%[35] - The total non-current assets amounted to ¥438,006,070.22, up from ¥401,556,986.36, indicating an increase of approximately 9.1%[34] - Total liabilities amounted to CNY 383,981,247.62, with current liabilities at CNY 320,381,247.62 and non-current liabilities at CNY 63,600,000.00[60] - The company’s short-term borrowings stood at CNY 27,192,797.40, unchanged from the previous year[59] Shareholder Information - The total number of shareholders at the end of the reporting period was 18,679[11] - The top shareholder, Li Fuhua, holds 14.53% of the shares, totaling 43,592,250 shares[11] Other Financial Metrics - The weighted average return on equity was 0.28%, a slight decrease of 0.01%[7] - The company implemented a stock incentive plan in 2020, resulting in a 49.88% decrease in treasury stock compared to the beginning of the year[18] - The goodwill increased by 36.49% compared to the beginning of the year, resulting from the acquisition of Beijing Qinglin Software Technology Co., Ltd.[18] - Research and development expenses for the third quarter were CNY 18,494,254.27, slightly down from CNY 19,866,062.56, showing a decrease of about 6.9%[38] - The company's management expenses increased to CNY 47,796,711.44 from CNY 39,160,310.75, representing a rise of approximately 22.5%[46] Audit and Reporting - The company has not undergone an audit for the third quarter report, indicating it is unaudited[65] - The company has implemented new revenue and lease standards starting in 2020, which may impact future financial reporting[65]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥417,340,286.08, a decrease of 15.73% compared to ¥495,213,477.73 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was ¥10,251,841.65, an increase of 20.55% from ¥8,504,496.66 year-on-year[18]. - The net cash flow from operating activities was ¥6,167,073.76, a significant improvement of 109.88% compared to a negative cash flow of ¥62,413,667.10 in the previous year[18]. - Total assets at the end of the reporting period were ¥1,104,615,413.27, reflecting a growth of 3.85% from ¥1,063,640,052.16 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company decreased by 4.52% to ¥626,081,021.68 from ¥655,744,088.32 at the end of the previous year[18]. - The basic earnings per share remained stable at ¥0.03, unchanged from the same period last year[18]. - The weighted average return on net assets increased to 1.59%, up by 0.26% from 1.33% in the previous year[18]. - The company reported non-recurring gains and losses totaling ¥1,084,621.12 for the reporting period[23]. - The company achieved total operating revenue of CNY 417.34 million in the first half of 2020, a decrease of 15.73% compared to the same period last year[41]. - The net profit attributable to ordinary shareholders of the parent company was CNY 10.25 million, an increase of 20.55% year-on-year[41]. Cash Flow and Investments - The company reported a significant increase of 109.88% in net cash flow from operating activities, amounting to CNY 6.17 million[45]. - The net cash flow from investing activities was -72,702,602.83, a decrease of 117.19% compared to the previous period, primarily due to increased investment payments for acquiring control of Beijing Qinglin Software Technology Co., Ltd.[46]. - The net cash flow from financing activities improved to -6,157,964.05, a significant increase of 87.49% year-on-year, mainly due to reduced loan repayments during the reporting period[46]. - The net increase in cash and cash equivalents was -72,690,896.07, representing a 49.91% improvement compared to the previous period, attributed to changes in operating and financing cash flows[46]. - The company reported a net cash outflow from investing activities of CNY 72,702,602.83, compared to a net outflow of CNY 33,473,475.94 in the previous year[161]. - Cash inflow from financing activities was CNY 91,657,550.05, while cash outflow totaled CNY 97,815,514.10, leading to a net cash outflow of CNY 6,157,964.05[161]. Business Operations and Strategy - The company is focusing on financial technology and military informationization, leveraging blockchain, big data, and cloud computing for innovation[31]. - The company’s core strategy emphasizes maintaining stable revenue from traditional clients while expanding new client opportunities in the financial and military sectors[30]. - The company established a military industry division to enhance service capabilities for military clients, marking a strategic expansion[42]. - The company is focusing on developing new products and services to maintain its competitive edge and improve customer loyalty[72]. - The company aims to enhance its sustainable development capabilities through technology research and market expansion[72]. Acquisitions and Goodwill - The company acquired 55% control of Beijing Qinglin Software Technology Co., Ltd., resulting in a 100% decrease in equity assets[32]. - The company's goodwill increased by 36.49% due to the acquisition of Beijing Qinglin Software Technology Co., Ltd.[33]. - The acquisition of Beijing Qinglin Software Technology Co., Ltd. resulted in an impact of 4,669,403.98 CNY on operating income and 2,195,126.79 CNY on net profit attributable to the parent company[70]. - The company completed the acquisition of an additional 15% stake in Beijing Qinglin Software Technology Co., Ltd., increasing its ownership to 55%[71]. Risks and Challenges - The company faces risks including reliance on major customers and rising labor costs, as well as impacts from the COVID-19 pandemic[4]. - The company has faced challenges due to the COVID-19 pandemic, affecting contract signing and project execution[73]. - The company has increased its workforce to boost research and development efforts, leading to rising human resource costs[72]. Shareholder and Governance Matters - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[5]. - The company held three shareholder meetings during the reporting period, with investor participation rates of 40.21% for the first and annual meetings, and 40.20% for the second temporary meeting[79]. - The company approved a restricted stock incentive plan on June 22, 2020, aimed at promoting sustainable development and aligning interests with shareholders[87]. - The company approved the election of 7 directors for the 10th Board of Directors, with a term of three years starting from the date of approval[113]. Financial Position and Liabilities - Total liabilities increased to CNY 452,719,995.53 from CNY 383,981,247.62, marking an increase of about 17.9%[146]. - The company's total assets reached CNY 1,104,615,413.27, up from CNY 1,063,640,052.16, indicating a growth of approximately 3.85%[147]. - The equity attributable to the parent company decreased to CNY 626,081,021.68 from CNY 655,744,088.32, a decline of about 4.5%[147]. - The company reported a total of ¥50,866,666.67 in current non-current liabilities, down 1.02% from ¥62,866,666.67[55]. Accounting and Reporting - The financial statements were approved by the board of directors on August 26, 2020, indicating a structured governance process[179]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that its financial reports accurately reflect its financial position and performance[184]. - The company has evaluated its ability to continue as a going concern for the next 12 months and found no significant doubts regarding its operational viability[182].

Financial Performance - The company's operating revenue for 2019 was CNY 1,084,248,623.96, representing a 32.36% increase compared to CNY 819,189,756.97 in 2018[16]. - The net profit attributable to shareholders for 2019 was CNY 55,286,886.21, up 44.09% from CNY 38,368,529.31 in the previous year[16]. - The net profit after deducting non-recurring gains and losses was CNY 50,912,983.72, an increase of 80.20% compared to CNY 28,253,923.42 in 2018[16]. - The net cash flow from operating activities reached CNY 83,715,877.67, a significant increase of 251.00% from CNY 23,850,490.81 in 2018[16]. - Basic earnings per share for 2019 were CNY 0.24, reflecting a 50.00% increase from CNY 0.16 in 2018[16]. - The company reported a quarterly revenue of CNY 410,886,308.09 in Q4 2019, which was the highest among the four quarters[18]. - The company reported a net profit of 4,373,902.49 yuan for the year 2019, compared to 10,114,605.89 yuan in 2018, indicating a significant decrease in profitability[24]. - The company received government subsidies totaling 6,073,407.72 yuan in 2019, up from 1,668,104.34 yuan in 2018, reflecting a substantial increase in non-operating income[23]. Assets and Liabilities - Total assets at the end of 2019 were CNY 1,063,640,052.16, a decrease of 12.78% from CNY 1,219,552,093.83 at the end of 2018[16]. - The net assets attributable to shareholders increased by 2.87% to CNY 655,744,088.32 from CNY 637,469,308.95 in 2018[16]. - The company's total liabilities included short-term borrowings of ¥27,192,797.40, significantly reduced from ¥206,501,879.81 in the previous year[79]. - The actual total guarantee amount accounts for 0.85% of the company's net assets[167]. Revenue Segmentation - The software and information technology services sector accounted for 99.71% of total revenue, with a revenue of approximately CNY 1.08 billion, up 34.80% from the previous year[56]. - The system integration segment generated CNY 671 million, making up 61.95% of total revenue, with a growth rate of 43.11% year-on-year[56]. - The company’s revenue from software development and system integration services is driven by its strong technical support and extensive project implementation experience[27]. - The company’s revenue in the second half of 2019 accounted for 54.33% of the total annual revenue, indicating seasonal revenue fluctuations[38]. Investments and R&D - The company has made significant investments in blockchain technology, resulting in the release of the 2.0 version of its blockchain service platform[42]. - Research and development expenses surged by 92.91% to ¥72,331,791.46, reflecting the company's increased investment in R&D[70]. - R&D investment amounted to ¥142,689,493.49 in 2019, representing 13.16% of operating revenue, a decrease from 16.15% in 2018[72]. - The number of R&D personnel increased to 1,139 in 2019, accounting for 81.77% of total staff, up from 79.64% in 2018[72]. Market Position and Strategy - The company has maintained its core business focus on providing information technology solutions for the financial industry since its establishment[27]. - The company is actively expanding its client base in the financial, government, and military sectors, achieving notable progress in acquiring influential new clients[36]. - The company plans to focus on "financial technology" and "military informationization" markets, integrating resources and investing heavily in these core areas over the next 1-3 years[106]. - The company aims to become a leading player in blockchain applications within the financial industry, focusing on product development and talent acquisition[104]. Risk Factors - The company faces risks including reliance on major clients and rising labor costs, as well as potential impacts from the COVID-19 pandemic[4]. - The company has implemented measures to mitigate risks associated with reliance on major clients, with over 60% of its main business revenue coming from the top five clients[109]. - Rising labor costs due to competition for high-level technical talent are a concern, prompting the company to adjust personnel structures and establish talent bases in various cities[110]. Shareholder Returns and Dividends - The company plans to distribute a cash dividend of CNY 0.45 per 10 shares, with a capital reserve conversion of 3 shares for every 10 shares held[4]. - The company has a stable profit distribution policy, prioritizing cash dividends when conditions allow, to ensure reasonable returns for investors while considering sustainable development[116]. - Cash dividends distributed amounted to ¥10,260,166.68, representing 18.56% of the net profit attributable to ordinary shareholders[122]. - The total cash dividend, including other methods, reached ¥40,260,088.05, which is 72.82% of the net profit attributable to ordinary shareholders[122]. Corporate Governance and Compliance - The company has committed to timely and accurate disclosure of its financial statements and related materials, ensuring no false records or omissions exist[131]. - The company will strictly adhere to all public commitments made during its initial public offering and will accept social supervision[128]. - The company will compensate investors for losses incurred due to any misleading statements in the prospectus[131]. - The company has ensured that minority shareholders have sufficient opportunities to express their opinions and that their legal rights are fully protected[118].

新晨科技股份有限公司 2020 年第一季度报告全文 新晨科技股份有限公司 2020 年第一季度报告 2020-033 2020 年 04 月 1 新晨科技股份有限公司 2020 年第一季度报告全文 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。 公司负责人康路、主管会计工作负责人余克俭及会计机构负责人(会计主管 人员)朱惠文声明：保证季度报告中财务报表的真实、准确、完整。 2 新晨科技股份有限公司 2020 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业总收入（元） | 109,950,745.26 | 230,050,996.06 | -52.21% | | 归属于上市公司股东的净利润（元） | -11,553,348.07 | -6,6 ...

Financial Performance - Operating revenue increased by 26.74% to CNY 178,148,838.14 for the current period, and by 90.03% to CNY 673,362,315.87 year-to-date[7] - Net profit attributable to shareholders decreased by 39.29% to CNY 1,755,228.02 for the current period, and by 3.44% to CNY 10,259,724.68 year-to-date[7] - Basic and diluted earnings per share dropped to CNY 0 for the current period, reflecting a 100% decrease[7] - The weighted average return on equity was 0.29%, a decrease of 0.19% compared to the previous period[7] - Total operating revenue for the current period reached ¥178,148,838.14, an increase of 26.8% compared to ¥140,561,215.94 in the previous period[33] - Total operating costs amounted to ¥173,991,035.67, up from ¥136,865,499.16, reflecting a rise of 27.1%[33] - Net profit for the current period was ¥3,561,625.98, representing a 23.3% increase from ¥2,889,944.21 in the previous period[35] - The total profit for the current period was ¥4,061,297.91, slightly down from ¥3,617,681.96, indicating a decrease of 0.1%[35] Assets and Liabilities - Total assets decreased by 13.16% to CNY 1,059,102,715.51 compared to the end of the previous year[7] - Total assets decreased from CNY 1,219,552,093.83 to CNY 1,059,102,715.51, a decline of approximately 13.14%[25] - Current liabilities decreased from CNY 482,511,730.15 to CNY 343,527,700.37, a reduction of about 28.91%[26] - Long-term liabilities decreased from CNY 79,200,000.00 to CNY 58,000,000.00, a decrease of approximately 26.67%[26] - Total liabilities decreased from CNY 561,711,730.15 to CNY 401,527,700.37, a reduction of about 28.55%[26] - Total current assets decreased from CNY 713,280,354.51 to CNY 549,053,219.16, a decline of about 22.98%[30] - Total liabilities reached CNY 561,711,730.15, with current liabilities at CNY 482,511,730.15[58] Cash Flow - Net cash flow from operating activities showed a significant improvement, with a year-to-date increase of 76.14% to -CNY 35,615,811.78[7] - The net cash flow from operating activities was -35,615,811.78 yuan, an improvement from -149,246,702.94 yuan in the previous period[49] - Total cash inflow from operating activities was 642,724,911.89 yuan, compared to 272,703,890.02 yuan in the previous period, indicating a 135% increase[52] - Cash inflow from investing activities was 8,011,506.84 yuan, down from 66,213,362.49 yuan, a decline of approximately 88%[49] - Cash outflow from financing activities was 243,115,428.54 yuan, significantly higher than 14,090,168.86 yuan in the previous period[50] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,312[11] - The top three shareholders held a combined 39.64% of the shares, with the largest shareholder holding 14.47%[11] - There were no repurchase transactions conducted by the top ten shareholders during the reporting period[12] Expenses - Research and development expenses increased by 105.29% compared to the same period last year, indicating a significant increase in R&D investment[16] - Sales expenses increased by 35.74% compared to the same period last year, due to intensified business expansion efforts[16] - The company reported a 62.00% increase in taxes and surcharges compared to the same period last year, primarily due to higher VAT payments[16] - The company experienced a significant increase in sales expenses, which rose to ¥9,477,217.69 from ¥6,981,815.24, an increase of 35.8%[33] Investments - Long-term equity investments increased by 100.00% compared to the beginning of the year, attributed to the investment in Beijing Qinglin Software Technology Co., Ltd.[16] - Long-term equity investments increased from CNY 237,538,264.06 to CNY 274,531,844.24, an increase of approximately 15.55%[30] Other Financial Metrics - The company received government subsidies totaling CNY 3,027,056.12 during the reporting period[8] - The company reported a credit impairment loss of ¥4,219,351.74 in Q3 2019, with no comparable figure from the previous year[42] - The gross profit margin for the current period was approximately 20.0%, compared to 16.0% in the previous period, indicating improved profitability[33]

Financial Performance - Total operating revenue for the first half of 2019 reached RMB 495,213,477.73, representing a 131.64% increase compared to RMB 213,788,783.41 in the same period last year[18]. - Net profit attributable to shareholders of the listed company was RMB 8,504,496.66, up 9.96% from RMB 7,733,985.56 year-on-year[18]. - Net profit after deducting non-recurring gains and losses was RMB 7,701,598.71, a slight increase of 1.62% from RMB 7,578,791.12 in the previous year[18]. - Basic earnings per share increased by 33.33% to RMB 0.04 from RMB 0.03 in the previous year[18]. - Operating profit reached RMB 20.22 million, reflecting a growth of 121.08% compared to the previous year[40]. - The company reported a comprehensive diluted earnings per share of RMB 0.0367 based on the latest share capital[18]. - The company achieved total operating revenue of RMB 495.21 million, a year-on-year increase of 131.64%[40]. - The company reported a significant increase in financial expenses, which rose by 1,972.24% to ¥3,512,190.18, compared to ¥169,487.86 in the previous year[43]. - The total profit for the first half of 2019 was CNY 22,617,112.15, up from CNY 11,979,988.65 in the first half of 2018, representing an increase of approximately 88.5%[149]. Cash Flow and Assets - The net cash flow from operating activities improved to -RMB 62,413,667.10, a 55.28% reduction in losses compared to -RMB 139,574,835.40 in the same period last year[18]. - Cash and cash equivalents decreased by 40.60% due to repayment of short-term loans[36]. - The net cash flow from operating activities for the first half of 2019 was -43,650,146.98 CNY, an improvement from -110,022,565.50 CNY in the same period of 2018, indicating a 60.4% reduction in losses[156]. - The total assets at the end of the reporting period were RMB 1,118,939,448.07, down 8.25% from RMB 1,219,552,093.83 at the end of the previous year[18]. - Cash and cash equivalents stood at CNY 164.34 million as of June 30, 2019, compared to CNY 285.43 million at the end of 2018, indicating a decrease of approximately 42.3%[139]. - Accounts receivable increased by 38.24% due to the completion of system integration projects and increased contract amounts[36]. - The company reported a net increase in cash and cash equivalents of -¥145,107,373.52, a 35.73% decline compared to -¥106,910,821.51 in the previous year[44]. Investments and R&D - Research and development expenses increased by 20.66% to ¥83,733,023.67, up from ¥69,395,478.10 year-on-year[43]. - The company has increased its software copyright certifications by 3 in the first half of 2019, enhancing its market presence and technological competitiveness[29]. - The company is investing in innovative technologies such as cloud computing and blockchain to ensure sustainable growth amid economic uncertainties[31]. - The company aims to increase its investment in research and development to foster innovation and competitiveness[168]. - The company reported a financial income of CNY 15,446,971.65 in the first half of 2019, compared to CNY 841,744.21 in the same period of 2018, showing a significant increase[149]. Market Strategy and Client Base - The company focuses on providing IT solutions primarily for the financial sector, with core products including data exchange and payment settlement systems[26]. - The company aims to expand its client base, particularly targeting regional banks and non-bank financial institutions[30]. - The company’s revenue is significantly driven by ongoing services to traditional clients, new customer acquisition, and emerging business opportunities[30]. - The company plans to maintain a focus on sustainable development, including technology research and market expansion, to enhance customer loyalty[73]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company approved a profit distribution plan, distributing cash dividends of 0.50 CNY per 10 shares and increasing capital by 5 shares for every 10 shares held[84]. - The total number of shares increased to 232,538,325 after the implementation of the 2018 annual equity distribution plan[111]. - Major shareholders include Li Fuhua with 14.42% (33,532,500 shares), Kang Lu with 12.99% (30,217,500 shares), and Xu Lianping with 11.79% (27,412,500 shares)[117]. Risks and Challenges - The company is facing risks from rising human resource costs due to competition for high-level technical talent[74]. - The overall financial outlook remains cautious, with the company adjusting its performance guidance for the upcoming quarters[168]. - The company reported a significant loss of 7,295.3 million in the current period, indicating a challenging financial environment[167]. Compliance and Governance - The financial report for the first half of 2019 was not audited, which may affect the reliability of the financial data presented[132]. - The company did not engage in any fundraising changes during the reporting period[65]. - There were no significant asset or equity sales during the reporting period[70]. - The company has not reported any changes in the scope of consolidation for the current period[177].

Financial Performance - Total revenue for Q1 2019 reached ¥230,050,996.06, representing a 151.11% increase compared to ¥91,613,991.68 in the same period last year[7] - Net profit attributable to shareholders was a loss of ¥6,660,868.41, an improvement of 9.77% from a loss of ¥7,382,013.72 in the previous year[7] - Basic and diluted earnings per share improved to -¥0.04, a 20.00% increase from -¥0.05 in the previous year[7] - The company reported a net loss of CNY 4,783,148.60 for Q1 2019, compared to a net loss of CNY 6,853,839.73 in Q1 2018[42] - The total comprehensive income for Q1 2019 was a loss of ¥3,538,500.62, compared to a loss of ¥7,384,814.18 in Q1 2018, showing a reduction in overall losses[45] - The company's operating profit for Q1 2019 was a loss of ¥2,998,247.37, an improvement from a loss of ¥6,739,259.51 in the previous year[44] Cash Flow - Net cash flow from operating activities improved to -¥94,528,287.40, a 28.71% reduction in cash outflow compared to -¥132,596,893.61 in the same period last year[7] - The company's operating cash flow for Q1 2019 was a net outflow of ¥94,528,287.40, an improvement from a net outflow of ¥132,596,893.61 in Q1 2018[51] - Total cash inflow from operating activities was 162,680,599.51 yuan, significantly higher than 49,824,233.50 yuan in the previous period, reflecting increased sales[54] - Cash outflow from operating activities totaled 232,237,188.77 yuan, up from 163,891,337.21 yuan in the previous period[55] - The company experienced a net decrease in cash and cash equivalents of -103,808,974.90 yuan, compared to -87,569,207.81 yuan in the previous period[55] Assets and Liabilities - Total assets decreased by 5.35% to ¥1,154,316,471.02 from ¥1,219,552,093.83 at the end of the previous year[7] - The total current assets as of March 31, 2019, are 831,711,058.24, down from 926,505,650.13 as of December 31, 2018[34] - The total liabilities as of March 31, 2019, include short-term borrowings of 133,034,555.35, down from 206,501,879.81 as of December 31, 2018[34] - The total non-current liabilities increased to CNY 112,533,333.33 from CNY 79,200,000.00, indicating a rise of approximately 42%[40] Shareholder Information - The company reported a total of 16,599 common shareholders at the end of the reporting period[11] - The top three shareholders, Li Fuhua, Kang Lu, and Xu Lianping, collectively hold 39.20% of the shares[11] - No share repurchase transactions were conducted by the top ten shareholders during the reporting period[12] Research and Development - Research and development expenses surged by 188.26% year-over-year, reflecting increased investment in R&D projects[15] - Research and development expenses for Q1 2019 were CNY 24,622,239.51, up from CNY 8,541,650.15 in Q1 2018, reflecting an increase of approximately 188.5%[42] - Research and development expenses increased to ¥20,686,289.07 in Q1 2019, up from ¥5,912,395.83 in the same period last year, reflecting a focus on innovation[47] Customer and Supplier Concentration - The proportion of purchases from the top five suppliers increased to 51.60%, indicating a higher procurement concentration compared to the previous year[19] - Revenue from the top five customers accounted for 82.32% of total operating income, reflecting an increase in customer concentration[19] Government Support and Investments - Government subsidies received included ¥909,638.00 from Beijing Huairou District and ¥936,626.45 from Tianjin Jingpeng Technology Incubator[8] - The total amount of funds raised in the current quarter is 15,587.05 million, with 254.91 million invested during this period[25] - Cumulative investment of raised funds amounts to 14,305.91 million, with a 0.00% change in usage[25] Project Development - The "National Air Traffic Control Data Information Service System Development" project has received 254.91 million, achieving 71.28% of its planned investment[25] - The "Channel Integration Platform Development" project has received 2,884.44 million, achieving 82.60% of its planned investment[25] - The "New Generation Trade Financing Settlement System Development" project has received 3,603.01 million, achieving 81.92% of its planned investment[25] Financial Management - Financial expenses rose by 480.68% year-over-year, with an increase of 1.91 million yuan attributed to higher interest expenses[15] - The company's financial expenses for Q1 2019 were ¥1,610,169.99, compared to a gain of ¥314,947.69 in the previous year, reflecting changes in financial management[47] Compliance and Standards - The company reported no significant changes in the feasibility of projects or any non-compliance with external guarantees during the reporting period[28][29] - The company did not undergo an audit for the first quarter report[56] - The company has not applied new financial instrument standards or new revenue standards for the first quarter[56]

Financial Performance - The company's operating revenue for 2018 was approximately ¥819.19 million, representing a 35.08% increase compared to ¥606.45 million in 2017[15]. - The net profit attributable to shareholders for 2018 was approximately ¥38.37 million, a 6.03% increase from ¥36.19 million in 2017[15]. - The net cash flow from operating activities improved significantly to approximately ¥23.85 million, compared to a negative cash flow of ¥0.49 million in 2017, marking a 4,951.44% increase[15]. - The total assets of the company at the end of 2018 reached approximately ¥1.22 billion, a 54.47% increase from ¥789.49 million at the end of 2017[15]. - The company's basic earnings per share for 2018 was ¥0.25, an increase of 8.70% from ¥0.23 in 2017[15]. - The weighted average return on net assets for 2018 was 6.28%, slightly up from 6.25% in 2017[15]. - The company reported a significant increase in total equity attributable to shareholders, which rose to approximately ¥637.47 million, a 7.11% increase from ¥595.15 million in 2017[15]. - The company achieved total revenue of 819.19 million yuan, a year-on-year increase of 35.08%[44]. - Operating profit reached 53.03 million yuan, reflecting a growth of 38.10% compared to the previous year[44]. - The company reported a net profit attributable to shareholders of ¥27,743,180.21 in Q4 2018, compared to ¥25,647,634.82 in Q4 2017, indicating a positive trend[52]. Investments and Acquisitions - The company acquired Beijing Ruideyin Information Technology Co., leading to a 100% increase in goodwill[35]. - The company made strategic investments, including a 51% acquisition of Beijing Ruideyin Information Technology Co., Ltd., enhancing its ICT service capabilities[49]. - The company acquired 51% of Beijing Ruideyin Information Technology Co., Ltd. for a total cash consideration of approximately 163.2 million CNY[130]. - The acquisition was approved on October 29, 2018, and the purchase date was set as November 1, 2018[131]. - The company reported a revenue impact of ¥67,594,931.92 from the acquisition of Beijing Ruide Audio Information Technology Co., Ltd., with a net profit impact of ¥10,746,595.10 attributable to the parent company[95]. Research and Development - Significant R&D investments were made in blockchain technology and a BaaS platform to strengthen the company's competitive edge in the financial sector[36]. - The company completed three major R&D projects, including a channel integration platform and a new generation trade financing settlement system[46]. - The company has a talent pool of over 1,000 professionals, with nearly 80% involved in R&D, technology, and project implementation[40]. - The company plans to increase R&D investment and enhance the capabilities of its innovation lab, focusing on technologies such as cloud computing, big data, and blockchain[102]. - The company aims to maintain a high level of R&D investment to support continuous growth in its main business through independent research and technological innovation[100]. Market Position and Strategy - The company operates in the software and information technology services industry, focusing on financial institutions, government agencies, and large state-owned enterprises[25]. - The company is focusing on expanding its client base, particularly in regional banks and non-bank financial institutions[31]. - The company aims to leverage new business opportunities in the IT service market, which is highly fragmented and competitive[31]. - The company has a strong competitive position in the financial information sector, supported by 20 years of industry experience[33]. - The company is actively pursuing market opportunities in emerging segments such as transaction banking and internet finance, leveraging its first-mover advantage[101]. Financial Management and Cash Flow - Cash and cash equivalents increased by 40.08%, attributed to a rise in customer payments received[35]. - The company reported a total of 6,500 million RMB in entrusted financial management during the reporting period, consisting of 5,000 million RMB in broker financial products and 1,500 million RMB in bank financial products[155]. - The company plans to continue implementing fundraising projects to maintain and enhance its market position[71]. - Operating cash inflow increased by 52.12% to ¥870,672,899.64 compared to ¥572,363,042.63 in 2017[74]. - The net increase in cash and cash equivalents was ¥93,117,414.89, a 495.80% improvement from a decrease of ¥23,526,138.77 in 2017[74]. Shareholder Returns and Dividends - The company plans to distribute a cash dividend of ¥0.50 per 10 shares based on the total share capital of 155,025,550 shares as of December 31, 2018[4]. - Total cash dividend for 2018 amounted to ¥7,751,277.50, representing 20.20% of the total distributable profit of ¥38,368,529.31[113]. - The cash dividend policy stipulates that the annual cash dividend amount must not be less than 20% of the distributable profit, with a minimum of 80% for mature companies without major capital expenditures[111]. - The company has consistently maintained a minimum cash dividend distribution ratio of 20% during its growth phase[113]. - The total cash dividends over the past three years have shown a steady increase, reflecting the company's commitment to returning value to shareholders[115]. Risk Management - The company has acknowledged risks related to reliance on major customers and rising labor costs in its future development outlook[4]. - The company is implementing measures to manage accounts receivable risks, including aligning receivables management with personnel incentives[106]. - Over 50% of the company's main business revenue comes from the top five clients, indicating a reliance risk on major customers[103]. Governance and Compliance - The company has established measures to address unfulfilled commitments due to uncontrollable factors, including timely disclosure and alternative commitments[123]. - The company is committed to transparency and will publicly disclose reasons for any unfulfilled commitments, along with apologies to investors[121]. - The company has established a plan to protect the interests of investors, especially small and medium-sized investors, by stabilizing the stock price if it falls below the net asset value[119]. - The company will not hold any controlling interest in entities that compete with its business during the period of related party relationships[118]. - The company has committed to repurchase shares if any false statements or omissions are found in the prospectus, ensuring investor compensation[125].