Financial Performance - The company's operating revenue for the first half of 2021 was ¥80,997,127.49, a decrease of 17.53% compared to ¥98,212,488.54 in the same period last year[22]. - The net profit attributable to shareholders was a loss of ¥15,908,910.09, representing a decline of 35.86% from a loss of ¥11,709,521.78 in the previous year[22]. - The net cash flow from operating activities improved by 22.56%, amounting to -¥105,108,173.56 compared to -¥135,723,715.09 in the same period last year[22]. - Total assets decreased by 7.55% to ¥774,572,531.96 from ¥837,797,054.78 at the end of the previous year[22]. - The net assets attributable to shareholders decreased by 2.02%, totaling ¥609,865,857.10 compared to ¥622,410,494.82 at the end of the previous year[22]. - The basic earnings per share were -¥0.05, a decrease of 25.00% from -¥0.04 in the same period last year[22]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion CNY for the first half of 2021, representing a year-over-year growth of 25%[62]. - The company provided a positive outlook for the second half of 2021, projecting a revenue growth of 20% to 30%[62]. - The gross margin improved to 45%, up from 40% in the previous year, indicating better cost management and pricing strategies[62]. Research and Development - The company has a strong focus on technological innovation, with 104 software copyrights and 24 software products developed[57]. - The company is investing in R&D for advanced currency processing technologies, with a budget allocation of 200 million CNY for 2021[62]. - Research and development expenses were ¥12,054,397.31, down 13.03% from ¥13,861,024.50 in the previous year[68]. - The company aims to enhance its research and development capabilities to drive future growth and innovation[186]. Product Development and Innovation - The company provides comprehensive smart financial system solutions and financial software services, focusing on advanced technologies such as image recognition, AI, blockchain, and IoT[30]. - The company has developed a cash sorting machine that utilizes leading image processing and anti-counterfeiting technologies, enhancing the security and efficiency of financial transactions[31]. - The intelligent counter product supports various banking services, including digital currency wallet operations, significantly improving customer experience and reducing operational costs[31]. - The company is actively pursuing new product development, with multiple patents filed for advanced cash processing technologies, including a cash transaction system and various cash handling devices[60]. - The company aims to enhance its market presence through the introduction of innovative cash management solutions, which are expected to drive future revenue growth[60]. Market Trends and Opportunities - The company is actively participating in the pilot projects for digital RMB hard wallets, aligning with the growing demand for digital currency solutions[31]. - The company aims to expand its market presence through innovative product development and strategic partnerships in the financial technology sector[30]. - The domestic derivatives market is expected to grow rapidly, with projected trading volumes of 91.07 trillion yuan, 164.11 trillion yuan, and 237.01 trillion yuan for the years 2019, 2020, and 2021 respectively[48]. - The company is exploring potential acquisitions to strengthen its technology portfolio and expand its service offerings[62]. Risk Management - The company is facing operational risks and has outlined measures to mitigate these risks in its report[6]. - The company faces risks related to new product development and market expansion, particularly due to varying requirements from different banking systems[90]. - The company faces risks related to talent retention due to high competition in the financial self-service equipment industry, and it is implementing measures to attract and retain technical and management talent[92]. Corporate Governance and Compliance - The company emphasizes the importance of corporate governance, adhering to various legal regulations and improving internal control systems to ensure fair decision-making and sustainable operations[106]. - Employee rights are protected through compliance with labor laws, including signing labor contracts and providing social insurance for medical, pension, unemployment, work-related injuries, and maternity[106]. - The company actively manages investor relations, ensuring timely and accurate information disclosure to enhance investor recognition and trust[106]. Subsidiaries and Investments - The subsidiary Shanghai Qianyu Information Technology Co., Ltd. generated a net profit of 2,436,924.40 CNY, contributing significantly to the company's overall performance[89]. - The company’s subsidiary Shanghai Zhiyu Information Technology Co., Ltd. reported a net profit of 2,723,669.58 CNY, indicating strong performance in the financial technology sector[89]. - The company has a total of 68 subsidiaries included in the consolidated financial statements for the first half of 2021[195]. Shareholder Information - The company completed a capital increase by issuing 101,376,000 shares, raising total shares to 304,128,000[138]. - The largest shareholder, Chen Chongjun, holds 28.38% of the shares, totaling 86,325,750, with an increase of 28,775,250 shares during the reporting period[142]. - The company’s shareholding structure changed, with limited shares decreasing to 22.41% and unrestricted shares increasing to 77.59% after the capital increase[138]. Financial Stability and Future Outlook - The company plans to focus on market expansion and new product development to improve future performance[1]. - The overall financial performance indicates a need for strategic adjustments to improve cash flow management and profitability[179]. - The company has a continuous operation capability for at least 12 months from the end of the reporting period, with no significant issues affecting this capability[197].

Financial Performance - The company's operating revenue for Q1 2021 was ¥28,053,543.20, a decrease of 26.89% compared to ¥38,372,696.96 in the same period last year[7] - The net profit attributable to shareholders was -¥11,741,833.04, representing a decline of 45.32% from -¥8,080,185.91 year-on-year[7] - The company reported a basic and diluted earnings per share of -¥0.06, a decrease of 45.32% from -¥0.04 in the same period last year[7] - The net profit for Q1 2021 was a loss of CNY 11,655,279.62, compared to a loss of CNY 8,080,185.91 in the same period last year, representing an increase in loss of approximately 44.5%[37] - The total comprehensive loss for Q1 2021 was CNY 11,655,279.62, compared to a loss of CNY 8,080,185.91 in the same period last year[37] Cash Flow - The net cash flow from operating activities improved by 55.64%, reaching -¥60,744,866.78 compared to -¥136,934,533.45 in the previous year[7] - Operating cash flow for the current period was CNY -60.74 million, an increase of CNY 76.19 million or 55.64% compared to the same period last year, driven by increased sales scale[16] - The cash inflow from operating activities for Q1 2021 was CNY 48,528,108.25, an increase from CNY 34,874,665.53 in the previous period[43] - The total cash outflow from operating activities was 109,272,975.03 CNY, down from 171,809,198.98 CNY year-on-year, reflecting a decrease of about 36.3%[44] - The net cash flow from financing activities was -15,756.39 CNY, compared to -109,958.33 CNY in the previous year, showing an improvement of about 85.7%[45] Assets and Liabilities - Total assets at the end of the reporting period were ¥792,634,228.02, down 5.39% from ¥837,797,054.78 at the end of the previous year[7] - The company's net assets attributable to shareholders decreased by 1.75%, totaling ¥611,495,685.27 compared to ¥622,410,494.82 at the end of the previous year[7] - The total liabilities decreased to CNY 180,163,116.90 from CNY 220,241,436.24, reflecting improved financial health[32] - The total equity attributable to shareholders decreased to CNY 551,926,907.59 from CNY 558,707,045.39[32] - Cash and cash equivalents decreased to CNY 271,927,287.57 from CNY 331,055,380.81, indicating a reduction in liquidity[29] Operational Costs - Operating costs for the current period were CNY 15.65 million, a decrease of CNY 7.39 million or 32.08% compared to the same period last year, primarily due to a decline in sales revenue[15] - Total operating costs decreased to CNY 41,189,617.08 from CNY 50,694,597.40, with operating costs specifically dropping from CNY 23,047,457.52 to CNY 15,653,708.47[35] - The company incurred sales expenses of CNY 10,075,742.25 in Q1 2021, down from CNY 14,261,002.42 in the previous year[39] Research and Development - Research and development expenses increased to CNY 9,250,195.92 from CNY 8,612,672.13, indicating a focus on innovation[35] - The company's research and development expenses for Q1 2021 were CNY 7,081,087.51, slightly down from CNY 7,902,185.03 in the previous year[39] Other Financial Metrics - Other receivables increased by 90.97% to ¥13,424,200 from ¥7,029,600, primarily due to product development-related loans[14] - Other current assets surged by 1896.82% to ¥1,369,900 from ¥68,600, mainly due to an increase in tax credits[14] - Accounts payable decreased by 37.48% to ¥51,225,600 from ¥81,932,400, as the company paid suppliers according to their payment terms[14] - The balance of contract liabilities increased by 37.31% to ¥14,143,900 from ¥10,300,900, due to an increase in prepayments from Shanghai Qianyuzi Company[14] - Credit impairment losses were CNY 0.51 million, a decrease of CNY 0.39 million or 43.03% compared to the same period last year, due to increased collection efforts on accounts receivable[15] Company Overview - The company provides comprehensive smart financial system solutions and services, leveraging advanced technologies such as image recognition, AI, and blockchain[17] - The company is a qualified supplier for major domestic banks and financial institutions, including ICBC, ABC, and CCB[17] - There were no significant changes in the company's core assets, competitive capabilities, or key personnel during the reporting period[18] - The company reported no violations regarding external guarantees or non-operating fund occupation by major shareholders during the reporting period[20][21] - The company did not undergo an audit for the Q1 2021 report, which is noted as unaudited[50]

Financial Performance - The company's operating revenue for 2020 was ¥292,072,800.75, a decrease of 37.36% compared to ¥466,253,495.68 in 2019[24]. - The net profit attributable to shareholders for 2020 was ¥23,991,042.01, down 46.64% from ¥44,964,517.34 in 2019[24]. - The net profit after deducting non-recurring gains and losses was ¥13,622,012.57, a decline of 57.18% from ¥31,813,404.45 in 2019[24]. - The total assets at the end of 2020 were ¥837,797,054.78, a decrease of 6.71% from ¥898,026,171.22 at the end of 2019[24]. - The company's basic earnings per share for 2020 was ¥0.12, down 47.83% from ¥0.23 in 2019[24]. - The company reported a net cash flow from operating activities of ¥64,721,194.91, a slight decrease of 2.77% compared to ¥66,567,250.39 in 2019[24]. - The total revenue for 2020 was CNY 283,425,991.50, a decrease of 37.92% compared to 2019[85]. - The sales volume decreased by 37.49% to 109,288 units in 2020, while production volume fell by 43.39% to 107,846 units[86]. - The company's gross profit margin for 2020 was 42.07%, a decline from the previous year[85]. - The company reported a significant drop in revenue from its clearing series products, which fell by 51.16% to 144.84 million yuan, while the cash counting series revenue decreased by 24.41% to 110.47 million yuan[81]. Dividend and Share Capital - The company plans to distribute a cash dividend of 0.2 CNY per 10 shares and to increase capital by 5 shares for every 10 shares held, based on a total of 202,752,000 shares[14]. - The company distributed a cash dividend of RMB 0.20 per 10 shares, totaling RMB 4,055,040 (including tax) for the year 2020[135]. - The total share capital increased to 304,128,000 shares after a capital reserve conversion of 5 shares for every 10 shares held, totaling 101,376,000 shares[135]. - The cash dividend payout ratio for 2020 was 16.90% of the net profit attributable to shareholders[138]. - The company has maintained a consistent profit distribution policy, ensuring the interests of all shareholders are protected[131]. - The total cash dividends distributed over the last three years were RMB 4,055,040 in 2020, RMB 5,068,800 in 2019, and RMB 2,200,800 in 2018[138]. Strategic Transformation and Innovation - The company is undergoing a strategic transformation towards financial technology and information services, which involves high technical complexity and market uncertainties[14]. - The company is committed to leveraging its strong product development capabilities to navigate the uncertainties in technology commercialization and market adaptation[11]. - The company aims to accelerate its strategic transformation in the financial technology sector, targeting digital currency and digital transformation in the financial industry[62]. - The company is focused on expanding its market presence through the development of new technologies and products, aiming to improve operational efficiency[68]. - The company is committed to creating value for customers and achieving quality business growth through continuous innovation[62]. - The company is actively exploring new application areas to create additional profit growth points in the financial derivatives sector[14]. Market and Competitive Landscape - Increased competition in the smart banking system market may lead to a decline in gross profit margins if the company fails to innovate and upgrade existing products[9]. - The company faces risks related to new product development and market expansion due to the lengthy preparation and testing cycles required by banking clients[8]. - The domestic options market in China is still in its infancy, with significant growth potential as new products are being introduced, including the launch of various options since 2015[45]. - The rapid growth in trading volumes in emerging markets such as Brazil, China, India, and Turkey highlights the increasing importance of these markets in the global derivatives landscape[41]. - The company is positioned to capitalize on the trend of bank branch transformation and upgrade, integrating resources around "smart banking management solutions"[62]. Research and Development - The company has been actively expanding its research and development capabilities, with a focus on innovative financial derivative products[62]. - The company is investing in R&D for advanced cash handling technologies, with a budget allocation of 100 million RMB for the upcoming year[69]. - Research and development investment in 2020 amounted to ¥35,396,260.97, representing 12.12% of operating revenue, a significant increase from 11.25% in 2019[95]. - The company has developed various high-tech financial solutions, including cash sorting machines and intelligent management systems[34]. - The company is committed to maintaining a robust pipeline of new patents to support long-term growth[66]. Talent Management and Corporate Governance - The company acknowledges the risk of talent loss, particularly in high-end technical and marketing roles, which could hinder strategic implementation[10]. - The company is enhancing its human resource management to attract and retain talent, which is crucial for sustainable development[77]. - The company emphasizes the importance of talent development, aiming to establish a performance evaluation mechanism that encourages independent thinking and enhances overall talent competitiveness[124]. - The company is committed to improving its corporate governance and internal control systems to ensure compliance and protect shareholder interests[79]. - The company has a structured plan for share reduction that includes specific timelines and conditions for its executives[141]. Acquisitions and Partnerships - The company acquired a 60% stake in Shanghai Qianyu Information Technology Co., Ltd. for CNY 24 million, enhancing its software and IT service capabilities[88]. - The acquisition of Qianyu Information is expected to strengthen the company's position in the financial derivatives trading software market, capitalizing on the growing demand in China's financial sector[76]. - A new strategic partnership was announced with a leading bank to integrate smart cash management solutions, expected to generate an additional 50 million RMB in revenue[70]. Compliance and Risk Management - The company is committed to not engaging in any business that directly or indirectly competes with its subsidiaries[141]. - The company has established measures to protect its proprietary technology and customer information from being shared with competitors[141]. - The company has not faced any penalties from securities regulatory authorities in the past three years for its current and recently departed directors and supervisors[198]. - The company has not reported any changes in its actual controller during the reporting period, maintaining stability in governance[183].

上海古鳌电子科技股份有限公司 2020 年第三季度报告全文 上海古鳌电子科技股份有限公司 2020 年第三季度报告 2020-125 2020 年 10 月 1 上海古鳌电子科技股份有限公司 2020 年第三季度报告全文 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。 公司负责人陈崇军、主管会计工作负责人姜小丹及会计机构负责人(会计主 管人员)赵迎宾声明：保证季度报告中财务报表的真实、准确、完整。 2 上海古鳌电子科技股份有限公司 2020 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 766,223,821.49 | 898,026,171.22 | | -14.68% | | 归属于上市公司股东的净资产 ...

Financial Performance - The company's operating revenue for the first half of 2020 was ¥98,212,488.54, representing a 4.54% increase compared to ¥93,944,913.00 in the same period last year[18]. - The net profit attributable to shareholders was a loss of ¥11,709,521.78, which is a 180.42% decline from a loss of ¥4,175,780.43 in the previous year[18]. - The net cash flow from operating activities was -¥135,723,715.09, a decrease of 27.92% compared to -¥106,101,086.89 in the same period last year[18]. - The total assets at the end of the reporting period were ¥808,145,992.29, down 10.01% from ¥898,026,171.22 at the end of the previous year[18]. - The net assets attributable to shareholders decreased by 0.72%, from ¥588,286,560.75 to ¥584,056,969.28[18]. - The basic earnings per share were -¥0.06, a decline of 173.42% from -¥0.02 in the same period last year[18]. - The company reported a significant increase in investment income, rising by 96.40% to ¥1,288,529.56 from ¥656,073.97[63]. - The company reported a total revenue of 100 million yuan for the first half of 2020, reflecting a year-on-year increase of 15%[100]. - The total comprehensive income for the first half of 2020 was -16,131,894.76 CNY, compared to -2,353,621.08 CNY in the same period of 2019[169]. Assets and Liabilities - Cash and cash equivalents at the end of the reporting period amounted to ¥172,998,512.38, representing 21.41% of total assets, an increase of 2.88% compared to the previous year[67]. - Accounts receivable increased to ¥196,131,577.26, accounting for 24.27% of total assets, up by 6.04% year-on-year, primarily due to increased sales and warranty deposits[67]. - Inventory decreased to ¥164,688,955.75, making up 20.38% of total assets, with a slight increase of 0.53% compared to the previous year[67]. - Long-term equity investments reached ¥13,084,735.04, representing 1.62% of total assets, due to an investment in Shanghai Zhiyu Company, acquiring a 20.41% stake[67]. - Total liabilities decreased from ¥309,738,691.87 to ¥213,480,755.17, a decline of approximately 31.1%[156]. - Total equity increased from ¥588,287,479.35 to ¥594,665,237.12, showing a growth of about 1.3%[157]. Research and Development - The company holds 623 patents, including 134 invention patents, 438 utility model patents, and 51 design patents, showcasing its strong R&D capabilities[47]. - The company is focusing on AI-based anti-counterfeiting technology and machine vision applications to enhance product competitiveness[47]. - The company has increased its development expenditures by 1.27 million due to software R&D projects meeting capitalization criteria[45]. - Research and development investment decreased by 13.48% to ¥16,866,828.49 from ¥19,493,932.24[63]. Market and Product Development - The company provides advanced financial technology solutions, including cash sorting machines and comprehensive business management systems, utilizing cutting-edge technologies such as image recognition and artificial intelligence[26]. - The company aims to expand its market presence by leveraging its patented technologies and software solutions in the cash handling sector[51]. - The introduction of new products, such as the high-speed cash sorting machine and automatic bundling devices, is expected to drive revenue growth in the upcoming quarters[50]. - The company is actively pursuing partnerships and collaborations to enhance its technological capabilities and market reach[49]. - The company is exploring potential mergers and acquisitions to accelerate growth and expand its technological portfolio[49]. Corporate Governance and Compliance - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company has not reported any significant changes in project feasibility or issues in the use and disclosure of raised funds[78]. - The company has established a commitment to avoid engaging in competitive activities with its subsidiaries[96]. - The company has a share transfer limit for directors and senior management, restricting annual transfers to 25% of their holdings[97]. - The company has not faced any media scrutiny during the reporting period[102]. Future Outlook - The future outlook for the company includes expanding its product offerings and enhancing its technological capabilities to meet the growing demand for financial derivatives[31]. - The company provided a positive outlook for the second half of 2020, projecting a revenue growth of 25% based on new product launches and market expansion strategies[54]. - The management expressed confidence in achieving its performance guidance for the upcoming fiscal year, supported by strong demand for its products[50]. - The company is focusing on the development of intelligent financial self-service equipment, responding to the rapid growth in non-cash self-service devices, which are expected to have higher profit margins compared to traditional cash processing equipment[80]. Risks and Challenges - The company faced risks and has outlined corresponding measures in its report, which investors are advised to review carefully[5]. - The company acknowledges the challenges in market expansion and the lengthy preparation cycles for new product launches[88]. - There is a risk of declining gross margins due to intensified market competition, necessitating timely product launches and upgrades to maintain market share[89]. - The company is experiencing a high demand for technical and management talent, and risks talent shortages if it cannot quickly fill these positions[90].

Financial Performance - The company's operating revenue for 2019 was CNY 466,253,495.68, representing a 77.45% increase compared to CNY 262,752,759.60 in 2018[20]. - The net profit attributable to shareholders for 2019 was CNY 44,964,517.34, a significant increase of 255.33% from CNY 12,654,336.42 in 2018[20]. - The net profit after deducting non-recurring gains and losses was CNY 31,813,404.45, up 223.73% from CNY 9,827,011.69 in 2018[20]. - The net cash flow from operating activities reached CNY 66,567,250.39, an increase of 146.10% compared to CNY 27,049,171.52 in 2018[20]. - The total assets at the end of 2019 were CNY 898,026,171.22, reflecting a 16.46% increase from CNY 771,096,010.74 at the end of 2018[20]. - The basic earnings per share for 2019 were CNY 0.41, a 241.67% increase from CNY 0.12 in 2018[20]. - The weighted average return on equity for 2019 was 7.99%, up from 2.40% in 2018[20]. - The company achieved a gross margin of 44.69% in the electronic information industry, with a slight decrease of 4.36% compared to the previous year[52]. Dividend Policy - The company plans to distribute a cash dividend of 0.45 CNY per 10 shares based on a total of 112,640,000 shares, with no bonus shares issued[9]. - The cash dividend distribution represents 100% of the total profit distribution amount for the period[97]. - The company's distributable profit for the period is 250,649,502.71 CNY[97]. - In 2019, the cash dividend payout ratio was 11.27% of the net profit attributable to ordinary shareholders[98]. - In 2018, the cash dividend payout ratio was 17.39% of the net profit attributable to ordinary shareholders[98]. - In 2017, the cash dividend payout ratio was 29.51% of the net profit attributable to ordinary shareholders[98]. Market and Product Development - The company faces risks in new product development due to increasing demands for functionality and technology parameters from the banking sector, which may hinder its ability to maintain a competitive edge[5]. - The market expansion for new products is challenged by lengthy preparation and testing cycles, leading to uncertainties in future revenue generation[7]. - The company is at risk of declining gross margins due to intensified competition in the rapidly growing smart banking system market[8]. - The company has been actively involved in the development of smart banking solutions, which has led to increased demand for self-service devices[30]. - The company is focusing on the application of AI technology and machine vision in its products, enhancing its competitive edge in the self-service equipment market[31]. - The company aims to enhance its product line with the introduction of a new smart cash management system, expected to launch in Q3 2024[38]. - The company is exploring potential mergers and acquisitions to strengthen its market position, with a focus on companies that complement its existing technology portfolio[38]. Research and Development - The company is investing in R&D for new technologies, with a budget allocation of 10 million RMB for the development of advanced cash handling systems in the next fiscal year[38]. - The company has reduced its construction in progress by 21.35 million due to the formal mass production and sales of previously developed and upgraded products[32]. - The company is committed to research and development, as evidenced by its extensive list of patents filed over the years[39]. - The company has developed various products, including cash sorting machines and integrated teller machines, utilizing advanced technologies such as image recognition and AI[28]. - The company has made significant advancements in AI-based authentication technology, contributing to its leadership position in the self-service equipment sector[31]. Talent and Management - There is a significant demand for technical and management talent, and failure to attract or retain key personnel may pose a risk to the company's growth[9]. - The management team consists of multidisciplinary talents with rich experience in modern enterprise management, ensuring effective risk control and financial stability[43]. - The company has established a comprehensive talent development system, focusing on the recruitment and training of various professionals to support its growth[47]. - The company continues to prioritize employee welfare, providing comprehensive social insurance and training programs[128]. Compliance and Governance - The company emphasizes the importance of internal control and quality management to enhance operational efficiency and adapt to rapid development[88]. - The company has implemented a stock incentive plan, granting 2,600,000 restricted stocks to 47 eligible participants, aimed at aligning employee interests with company performance[139]. - The company has established a clear framework for managing shareholding and repurchase obligations to protect shareholder interests[101]. - The company has maintained a stable ownership structure with no significant changes in shareholder relationships[149]. Financial Management - The company has invested a total of 20,343.28 million CNY in committed investment projects, with a cumulative investment of 19,282.26 million CNY, achieving 94.77% of the planned investment[76]. - The company has implemented strict budget management and cost control measures, resulting in savings on raised funds[78]. - The company plans to utilize up to ¥100 million of idle funds for cash management, focusing on high-security and liquid financial products[74]. - The company has no overdue amounts that have not been recovered, indicating effective management of entrusted financial products[126]. Legal and Regulatory Matters - The company is involved in a significant lawsuit with Shanghai Longrun Electromechanical Technology Co., with a compensation amount of 3,300,539.60 RMB for economic losses[110]. - The company’s financial statements were revised according to new accounting standards, impacting the presentation of accounts receivable and payable[106]. - The company confirmed that there were no significant impacts from the execution of new accounting standards on the financial statements for the reporting period[105].

Financial Performance - Total revenue for Q1 2020 was ¥38,372,696.96, a decrease of 6.48% compared to ¥41,032,263.82 in the same period last year[8] - Net profit attributable to shareholders was -¥8,080,185.91, an improvement of 13.27% from -¥9,316,381.62 year-on-year[8] - Basic earnings per share were -¥0.07, an increase of 18.36% from -¥0.08 in the same period last year[8] - The net profit for Q1 2020 was -7,485,339.16 CNY, a slight improvement from -7,614,653.93 CNY in the previous year, indicating a reduction in losses[42] - Operating profit for the quarter was -7,604,944.33 CNY, compared to -7,780,721.37 CNY in the same period last year, showing a decrease in operating losses[42] - The total comprehensive income for the quarter was -7,485,339.16 CNY, compared to -7,614,653.93 CNY in Q1 2019, reflecting a similar trend in reduced losses[43] Cash Flow - Net cash flow from operating activities was -¥136,934,533.45, a decline of 67.64% compared to -¥81,683,284.27 in the previous year[8] - Cash flow from operating activities showed a net outflow of -136,934,533.45 CNY, worsening from -81,683,284.27 CNY in the previous year[46] - Cash inflow from operating activities totaled 34,874,665.53 CNY, up from 31,715,917.28 CNY in the same quarter last year[45] - Cash outflow from operating activities was 171,809,198.98 CNY, compared to 113,399,201.55 CNY in Q1 2019, indicating increased operational expenses[46] - Investment activities generated a net cash inflow of 26,280,983.19 CNY, a significant improvement from -9,333.93 CNY in the previous year[46] Assets and Liabilities - Total assets at the end of the reporting period were ¥792,959,665.23, down 11.70% from ¥898,026,171.22 at the end of the previous year[8] - The company's total assets decreased to CNY 743,573,183.56 from CNY 846,235,139.87[34] - Total liabilities decreased to CNY 213,127,440.96 from CNY 311,586,883.20[34] - The company's total equity as of March 31, 2020, was CNY 583,490,118.53, down from CNY 588,287,479.35, indicating a decrease of approximately 0.5%[31] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,223[11] - The top shareholder, Chen Chongjun, holds 36.29% of the shares, with 30,654,375 shares pledged[11] Expenses - Management expenses for the period are 5.7479 million yuan, an increase of 36.17% compared to the same period last year, primarily due to the amortization of management personnel equity incentives included in management expenses[16] - Research and development expenses were CNY 8,612,672.13, down from CNY 9,974,713.64[37] Other Financial Metrics - The balance of prepaid accounts increased by 55.81% to ¥29,908,800 due to delays in procurement caused by the pandemic[15] - Other receivables rose by 110.85% to ¥13,946,600, primarily due to testing coin loans for product development[15] - The balance of payable salaries at the end of the period is 4.893 million yuan, a decrease of 46.15% compared to the beginning of the year, mainly due to government policies on social insurance fee reductions and delayed employee return to work due to the pandemic[16] - The balance of payable taxes at the end of the period is 9.0275 million yuan, a decrease of 30.71% compared to the beginning of the year, primarily due to the payment of unpaid value-added tax and additional taxes from the previous year[16] - Deferred income at the end of the period is 6.2346 million yuan, a decrease of 39.75% compared to the beginning of the year, mainly due to the recognition of some government project acceptance as other income[16] Investment Activities - The net cash flow from investment activities for the period is 26.2810 million yuan, an increase of 2629.03 million yuan compared to the same period last year, mainly due to the maturity of financial products[17] - The total amount of raised funds is 20329.88 million yuan, with a cumulative investment of 19282.26 million yuan, representing 94.83% of the total[21] - The company has invested 99.29% of the promised investment in the intelligent cash processing equipment production project, with a total investment of 11,477.28 million yuan[22] Compliance and Governance - The company has no reported violations regarding external guarantees during the reporting period[24][25] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[25] - The company has not conducted an audit for the first quarter report[58]

Financial Performance - The company's operating revenue for 2019 was ¥466,253,495.68, representing a 77.45% increase compared to ¥262,752,759.60 in 2018 [20]. - The net profit attributable to shareholders for 2019 was ¥44,964,517.34, a significant increase of 255.33% from ¥12,654,336.42 in 2018 [20]. - The net profit after deducting non-recurring gains and losses was ¥31,813,404.45, up 223.73% from ¥9,827,011.69 in 2018 [20]. - The net cash flow from operating activities reached ¥66,567,250.39, an increase of 146.10% compared to ¥27,049,171.52 in 2018 [20]. - The total assets at the end of 2019 were ¥898,026,171.22, reflecting a 16.46% increase from ¥771,096,010.74 at the end of 2018 [20]. - The company's basic earnings per share for 2019 was ¥0.41, a 241.67% increase from ¥0.12 in 2018 [20]. - The company achieved a sales revenue of ¥466,253,495.68, an increase of 77.45% compared to the previous year [46]. - The profit for the year was ¥44,964,517.34, reflecting a significant increase of 255.33% year-over-year [46]. Dividend Distribution - The company plans to distribute a cash dividend of 0.45 yuan per 10 shares (including tax) based on a base of 112,640,000 shares, with no bonus shares issued [9]. - In 2019, the company distributed a cash dividend of RMB 0.20 per share, totaling RMB 2,200,800, based on a total share capital of 110,040,000 shares [94]. - The cash dividend distribution represents 100% of the total profit distribution amount [97]. - The cash dividend for 2019 accounts for 11.27% of the net profit attributable to ordinary shareholders, which was 44,964,517.34 CNY [98]. - The company has complied with its cash dividend policy and the relevant regulations in its articles of association [95]. Market and Product Development - The company faces risks in new product development due to increasing demands for functionality and technology parameters from the banking sector, which may lead to a loss of technical advantages if not addressed [5]. - The market expansion for new products is challenged by lengthy preparation periods and strict procurement assessments from banking clients, resulting in uncertain revenue expectations [7]. - The company is at risk of declining gross margins due to intensified competition in the rapidly growing smart banking system market, necessitating timely product upgrades [8]. - The company is focusing on the application of AI technology and machine vision in its products, enhancing its competitive edge in the self-service equipment market [31]. - The company has been actively involved in the development of smart banking solutions, which has led to increased demand for self-service devices [30]. - Future product developments include a cash handling system that integrates QR code technology, expected to enhance transaction security and efficiency [38]. - The company plans to expand its market presence in Southeast Asia, targeting a 15% increase in market share over the next two years [38]. Research and Development - The company is investing 10 million RMB in R&D for new technologies aimed at enhancing the efficiency of cash processing systems [38]. - The company has made significant advancements in anti-counterfeiting technology based on AI, contributing to its leadership in the self-service equipment sector [31]. - The company has developed various software for its cash handling machines, with the earliest registration dating back to February 10, 2009 [40]. - The company is actively expanding its intellectual property portfolio, which is crucial for maintaining competitive advantage in the market [39]. - The company’s focus on R&D is expected to drive future growth and market share in the cash handling industry [39]. Talent and Management - There is a significant demand for technical and management talent, and failure to attract or retain key personnel may hinder the company's growth potential [9]. - The company has established a comprehensive talent system, focusing on talent introduction and training to support its growth strategy [47]. - The management team consists of multidisciplinary talents with extensive experience in modern enterprise management, emphasizing risk control and financial health [43]. - The company plans to increase its investment in high-level technical talent to drive innovation and development in its core technology areas [82]. Corporate Governance and Compliance - The company emphasizes shareholder rights protection, ensuring compliance with laws and regulations, and maintaining a transparent governance structure [129]. - The company has established a commitment to maintain share price stability through a buyback plan, subject to regulatory compliance [102]. - The company has implemented strict budget management and cost control measures, resulting in savings of part of the raised funds and generating interest income during the fund storage period [78]. - The company has not reported any significant matters requiring explanation during the reporting period, indicating stable operations [133]. Financial Management and Cash Flow - The net increase in cash and cash equivalents was approximately $49.84 million, a significant improvement from a decrease of $65.34 million in the previous year, marking a 176.28% change [65]. - The company executed a cash management strategy using idle funds, allowing for the purchase of financial products to enhance cash value without affecting project construction [74]. - The company plans to utilize up to $10 million of idle funds for cash management, ensuring it does not impact ongoing projects [74]. - The company has committed a total investment of CNY 20,343.28 million for various projects, with a cumulative investment of CNY 19,282.26 million by the end of the reporting period, achieving 94.77% of the planned investment [76]. Legal and Regulatory Matters - The company is involved in a lawsuit with Shanghai Longrun Electromechanical Technology Co., with a claimed compensation of 3,300,539.60 RMB for patent infringement [111]. - The company has no significant litigation, arbitration, or penalties during the reporting period [112][113]. - The company confirmed that there were no non-operating fund occupations by controlling shareholders during the reporting period [104]. Shareholder Information - The total number of shareholders at the end of the reporting period was 16,369, an increase from 11,223 at the previous month-end [150]. - The largest shareholder, Chen Chongjun, holds 36.29% of the shares, totaling 40,872,500 shares [150]. - The company has a total of 2,170,000 restricted stocks from the equity incentive plan that will be released in tranches over the next 36 months [145].

2019 年 10 月 1 上海古鳌电子科技股份有限公司 2019 年第三季度报告全文 上海古鳌电子科技股份有限公司 2019 年第三季度报告 2019-086 上海古鳌电子科技股份有限公司 2019 年第三季度报告全文 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。 公司负责人陈崇军、主管会计工作负责人姜小丹及会计机构负责人(会计主 管人员)赵迎宾声明：保证季度报告中财务报表的真实、准确、完整。 2 上海古鳌电子科技股份有限公司 2019 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 844,315,808.31 | | 771,096,010.74 | 9.50% | | 归属于上市公司股东的净资产 （ ...

Financial Performance - The company reported a significant increase in revenue, with a year-on-year growth of 15% in the first half of 2019[1]. - Total revenue for the reporting period reached ¥93,944,913, an increase of 81.25% compared to ¥51,832,007 in the same period last year[24]. - The company's operating revenue for the first half of 2019 was CNY 93,944,913, representing an increase of 81.25% compared to CNY 51,832,007 in the same period of 2018[50]. - The net profit attributable to shareholders was -¥4,175,780.43, showing an improvement of 78.55% from -¥19,468,602.42 year-on-year[24]. - The total comprehensive income for the first half of 2019 was a loss of CNY 2,353,621.08, compared to a loss of CNY 16,725,114.36 in the same period of 2018, indicating a significant improvement[157]. - The company's total profit for the first half of 2019 was a loss of CNY 2,912,329.88, compared to a loss of CNY 16,088,041.27 in the same period of 2018, showing a reduction in losses[156]. - The company's operating profit for the first half of 2019 was a loss of CNY 2,893,997.49, compared to a loss of CNY 12,745,837.82 in the same period of 2018, reflecting a reduction in losses[156]. - The company's interest income for the first half of 2019 was CNY 1,473,773.42, compared to CNY 568,428.44 in the same period of 2018, showing an increase in interest earnings[154]. - The total amount of other comprehensive income for the current period is CNY -4,177,975.37, indicating a decline in overall financial performance[169]. Research and Development - The company is investing 15% of its revenue into R&D to maintain its competitive edge in the financial technology sector[1]. - Research and development investment reached RMB 19,493,932.24, a 7.99% increase from RMB 18,051,713.95 in the previous year[51]. - The company is focusing on artificial intelligence counterfeit detection technology and machine vision applications to enhance product competitiveness[35]. - The ongoing research and development efforts are expected to drive future growth and innovation in the cash handling sector[38]. - The company has developed cash processing technology that covers all denominations and versions of the RMB, as well as over 30 international currencies, maintaining a leading position in the industry[68]. Market Expansion and Strategy - The company plans to expand its market presence by entering three new provinces in China by Q4 2019[1]. - The company aims to reduce reliance on traditional cash transactions by promoting digital payment solutions, targeting a 25% increase in digital transactions by 2020[1]. - The company is exploring opportunities for market expansion and potential mergers and acquisitions to strengthen its position in the industry[40]. - The market for cash self-service equipment is projected to grow by over 10%, while non-cash self-service devices are entering a rapid growth phase, indicating a significant market opportunity[67]. Product Development and Innovation - New product development includes the launch of smart banking terminals, which are expected to contribute to 30% of total sales by the end of 2019[1]. - The company has developed a new high-speed inkjet printing module, enhancing its product offerings in cash handling solutions[38]. - The company has introduced new products such as the robot banking business platform software, indicating ongoing innovation[42]. - The company has a diverse product line that includes currency sorting machines, bundling machines, and intelligent self-service equipment, catering to various customer needs[42]. Intellectual Property - The company holds a total of 591 patents, including 133 invention patents, and has been recognized as a national high-tech enterprise[35]. - The company has obtained a total of 67 invention patents as of June 30, 2019, focusing on RFID technology and cash handling systems[36]. - The company holds a total of 133 patents related to cash handling and processing devices as of June 30, 2019[40]. - The company is strategically positioning itself to leverage its patent portfolio for potential partnerships or acquisitions in the cash management industry[38]. Financial Management - The net cash flow from operating activities was -¥106,101,086.89, a decline of 71.01% compared to -¥62,044,526.61 in the previous year[24]. - The company has not reported any violations regarding the management and use of raised funds, adhering strictly to relevant laws and regulations[60]. - The company has no overdue amounts in its entrusted financial management, indicating a stable financial management strategy[70]. - The company has not encountered any significant changes in the feasibility of its projects during the reporting period[66]. Corporate Governance and Compliance - The company emphasizes investor relations management, maintaining good interaction with investors through various platforms[48]. - The company is committed to fulfilling its promises regarding shareholding and management, ensuring compliance with regulations and maintaining shareholder trust[82]. - The company guarantees that no direct or indirect competition with its business will occur from its executives or their controlled companies[85]. - The company is currently fulfilling its commitments regarding share transfers and repurchase obligations[84]. Brand and Reputation - The company reported a strong brand reputation both domestically and internationally, with its products such as currency counting machines and intelligent self-service devices gaining significant recognition[42]. - The "Gu Ao" trademark has been recognized as a famous trademark in Shanghai, reflecting the company's brand strength[42]. - The company has increased brand awareness through various channels including industry media, websites, and social media platforms during the reporting period[42]. Legal and Regulatory Matters - The company is involved in a significant lawsuit regarding patent infringement, with the plaintiff claiming damages of RMB 3,300,539.60 and additional reasonable expenses of RMB 103,181[90]. - The company has not experienced any bankruptcy reorganization or significant penalties during the reporting period[88][92]. - The company has not engaged in any related party transactions during the reporting period[96][97][98][99].