上海古鳌电子科技股份有限公司 2019 年第一季度报告全文 上海古鳌电子科技股份有限公司 2019 年第一季度报告 2019-035 1 上海古鳌电子科技股份有限公司 2019 年第一季度报告全文 第一节 重要提示 2019 年 04 月 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） | 41,032,263.82 | 21,543,409.74 | 90.46% | | 归属于上市公司股东的净利润（元） | -9,316, ...

Financial Performance - The company's operating revenue for 2018 was ¥262,752,759.60, representing a 10.10% increase compared to ¥238,645,181.52 in 2017[22]. - The net profit attributable to shareholders decreased by 15.16% to ¥12,654,336.42 in 2018 from ¥14,914,713.67 in 2017[22]. - The net profit after deducting non-recurring gains and losses surged by 304.59% to ¥9,827,011.69 in 2018, compared to ¥2,428,910.25 in 2017[22]. - The net cash flow from operating activities increased by 111.22% to ¥27,049,171.52 in 2018, up from ¥12,806,034.36 in 2017[22]. - Total assets at the end of 2018 reached ¥771,096,010.74, a 12.26% increase from ¥686,862,786.06 at the end of 2017[22]. - The company's net assets attributable to shareholders increased by 1.57% to ¥532,772,069.44 at the end of 2018, compared to ¥524,519,268.89 at the end of 2017[22]. - The company's total operating revenue for 2018 was ¥262,752,759.60, representing a 10.10% increase from ¥238,645,181.52 in 2017[55]. - The financial electronic information industry accounted for ¥248,633,295.49, or 94.63% of total revenue, with a year-on-year growth of 10.60%[55]. - The self-service equipment series revenue increased by 160.40% to ¥15,668,389.07, compared to ¥6,016,940.03 in 2017[55]. - The gross profit margin for the financial electronic information industry was 49.05%, with a slight increase of 3.63% compared to the previous year[57]. Research and Development - The company plans to increase investment in research and development to maintain industry leadership and address technological advancements[10]. - The company is focusing on developing high-value financial equipment products and system solutions to enhance market competitiveness and reduce industry risks[9]. - The company is actively researching and developing strategies to counter the risks posed by new payment methods, such as internet payments[9]. - The company is committed to protecting its intellectual property rights and plans to apply for patents to safeguard its innovations[10]. - The company is focusing on the application of artificial intelligence and machine vision technologies in its products to enhance market competitiveness[37]. - The company’s R&D efforts in AI-based counterfeit detection technology have yielded numerous results and patents, solidifying its leading position in the domestic self-service equipment market[35]. - The company is investing in research and development to enhance its product capabilities and introduce new technologies to the market[44]. - The company has a strong emphasis on R&D, with multiple patents filed for advanced cash processing mechanisms and devices[41]. - The company aims to enhance its competitive edge by integrating new technologies into its existing product lines[42]. - The company is committed to innovation, as evidenced by its extensive patent portfolio and ongoing development of new products[41]. Market Strategy and Expansion - The company aims to shift its business focus from traditional financial equipment manufacturing to smart banking solutions, including intelligent counters and business terminals[9]. - The company plans to explore market expansion opportunities both domestically and internationally, leveraging its patented technologies[40]. - The company is focused on expanding its market presence through the development of new technologies and products in the cash handling sector[41]. - The company is actively pursuing opportunities for market expansion and potential acquisitions to strengthen its position in the industry[41]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[104]. - The company is considering strategic acquisitions to enhance its technology portfolio, with a budget of 500 million RMB allocated for potential deals[106]. - The company aims to improve profitability by transitioning to non-cash self-service devices, which are currently experiencing a fast growth period[87]. - The company plans to strengthen internal management and employee training to improve overall operational efficiency and team cohesion[92]. Talent Management - The company emphasizes the need for talent acquisition and retention to mitigate risks associated with talent shortages in a competitive market[6]. - The company has established a series of management measures to attract and retain technical talent, ensuring a stable workforce[6]. - The company emphasized talent acquisition and training, establishing a comprehensive talent system to support its growth strategy[50]. - The company aims to invest at least 9 million CNY annually in high-level technical talent, with a total projected investment of no less than 18 million CNY during the project construction period[88]. - The company has established a performance-based compensation system linked to key performance indicators (KPIs) to attract and retain talent[170]. Corporate Governance and Compliance - The company has a governance structure that complies with relevant laws and regulations, ensuring the independence of its operations from the controlling shareholder[175]. - The company has maintained independent operations in business, personnel, assets, and finance, ensuring no conflicts of interest with the controlling shareholder[179][180]. - The company has established an independent financial department with a complete accounting system and separate bank accounts[180]. - The company plans to continue enhancing its corporate governance and investor relations to protect shareholder rights, especially for minority shareholders[134]. - The company has not reported any major contracts or their performance issues during the reporting period[124]. Dividend and Shareholder Information - The company proposed a cash dividend of RMB 0.20 per 10 shares, totaling RMB 2,200,800.00 for the year 2018[100]. - The cash dividend for 2018 represents 17.39% of the net profit attributable to shareholders, with a total distributable profit of RMB 207,329,994.90[99]. - The cash dividend policy has been clearly defined and complies with the requirements of the shareholders' meeting[99]. - The total number of shares increased from 73,360,000 to 110,040,000, with a capital increase of 36,680,000 shares through a stock dividend distribution[147]. - Major shareholder Chen Chongjun holds 38.92% of the shares, totaling 42,832,500 shares, with 39,532,500 shares pledged[148]. Legal and Regulatory Matters - There were no significant lawsuits or arbitration matters affecting the company, except for a patent infringement case with a claimed amount of RMB 3,300,539.60[116]. - The company has not undergone any bankruptcy reorganization during the reporting period[115]. - The company has not faced any penalties or rectification situations during the reporting period[117]. Sustainability and Social Responsibility - The company emphasizes its commitment to sustainability, planning to invest 50 million RMB in eco-friendly technologies over the next three years[105]. - The company has committed to fulfilling its social responsibilities while pursuing economic benefits, aiming for sustainable development[136].

2018-074 上海古鳌电子科技股份有限公司 2018 年第三季度报告全文 上海古鳌电子科技股份有限公司 2018 年第三季度报告 2018 年 10 月 1 上海古鳌电子科技股份有限公司 2018 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 2018 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 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） | 665,476,248.38 | 686,862,786.06 | | -3.11% | | 归属于上市公司股东的净资产 ...

Customer Base and Revenue - The company reported a significant reliance on a concentrated customer base, primarily banks, which poses a risk to normal operations due to potential changes in clients' financial health and procurement plans [6]. - The company's revenue exhibits strong seasonality, with lower sales in the first half of the year and a peak in the fourth quarter, driven by the procurement cycle of banks [7]. - Total revenue for the reporting period was ¥51,832,007.87, a decrease of 31.24% compared to ¥75,377,756.25 in the same period last year [27]. - The company's operating revenue for the reporting period was ¥51,832,007.87, a decrease of 31.24% compared to the same period last year, primarily due to delayed procurement influenced by the gold standard policy [55]. - The company reported a significant increase in revenue for the first half of 2018, with a year-on-year growth of 25% [92]. - The company provided a positive outlook for the second half of 2018, projecting a revenue increase of 20% [93]. - Future guidance suggests a projected revenue growth of 20% for the second half of 2018, aiming for a total annual revenue of 1 billion RMB [94]. Financial Performance - Net profit attributable to shareholders was -¥19,468,602.42, representing a decline of 185.25% from -¥6,824,994.70 in the previous year [27]. - The net cash flow from operating activities was -¥62,044,526.61, an improvement of 15.38% compared to -¥73,323,143.05 in the prior year [27]. - Total assets at the end of the reporting period were ¥651,111,530.40, down 5.21% from ¥686,862,786.06 at the end of the previous year [27]. - The company reported a significant increase in management expenses, rising to CNY 26,643,318.46 from CNY 24,687,104.18, an increase of about 7.9% [153]. - The net loss for the first half of 2018 was CNY 19,468,602.42, compared to a net loss of CNY 6,827,931.97 in the same period of 2017, indicating a significant increase in losses [154]. - Basic and diluted earnings per share for the first half of 2018 were both CNY -0.1769, compared to CNY -0.0620 in the previous year [154]. - The company achieved a net profit of around 80 million RMB, which is an increase of 30% compared to the same period last year [95]. Research and Development - The company maintains a strong R&D team and has not experienced significant turnover among key technical personnel, which is crucial for sustaining technological leadership [11]. - The company is focusing on developing artificial intelligence authentication technology and machine vision applications, leveraging DEEPLEARNING techniques [14]. - Research and development investment increased by 6.95% to ¥18,051,713.95, indicating a focus on innovation [56]. - The company is investing heavily in R&D, with a budget allocation of 10 million RMB for new technology development [92]. - The company has increased R&D investment, focusing on AI-based anti-counterfeiting technology and exploring machine vision applications [52]. Innovation and Technology - The company has established a solid foundation for future growth, supported by strong innovation capabilities and a robust product portfolio [13]. - The company is focusing on integrating artificial intelligence, machine vision, and biometric technologies into its financial devices to meet market demands [41]. - The company has developed cash processing technology that covers all denominations and versions of the Renminbi and has expanded to over 30 international currencies [41]. - The company has developed a new high-speed inkjet printing module, enhancing its product offerings in cash handling solutions [43]. - The company is actively pursuing technology and product innovation to adapt to industry trends and enhance its market position [52]. Market Position and Strategy - The company is positioned as a supplier for major banks in China, providing a wide range of cash counting and self-service equipment [34]. - The company is currently in a rapid growth phase, but potential regulatory changes in the financial equipment sector could impact its growth trajectory [12]. - The company is actively pursuing market expansion strategies, including the introduction of automated cash handling systems [44]. - The company plans to establish new technology platforms to support its transformation, including artificial intelligence detection platforms and big data processing technologies [75]. - The company is exploring potential mergers and acquisitions to strengthen its competitive position in the market [95]. Regulatory and Compliance - The financial equipment industry faces increasing regulatory demands, with new standards implemented in 2018 requiring advanced technologies like AI and machine learning [37]. - The company has not experienced any illegal or regulatory violations regarding the management and use of raised funds [66]. - The company has not faced any penalties or rectification issues during the reporting period [103]. Assets and Liabilities - Total liabilities decreased from CNY 162,357,379.87 to CNY 150,476,326.63, a reduction of approximately 7.4% [145]. - Total equity decreased from CNY 524,505,406.19 to CNY 500,635,203.77, a decline of about 4.5% [146]. - The company’s total assets decreased from CNY 686,862,786.06 to CNY 651,111,530.40, a decline of about 5.2% [146]. Shareholder Information - The total number of shares increased from 73,360,000 to 110,040,000, with a capital increase of 36,680,000 shares through a bonus issue [123]. - The cash dividend distributed was 0.60 RMB per 10 shares, totaling 4,401,600 RMB [123]. - The largest shareholder, Chen Chongjun, holds 38.92% of the shares, totaling 42,832,500 shares [126]. - The company has no changes in its controlling shareholder during the reporting period [128]. Legal Matters - The company is involved in a patent infringement case with Shanghai Longrun Electromechanical Technology Co., Ltd., with a compensation amount of RMB 3,300,539.60 [101]. - The company has committed to compensating all economic losses related to the aforementioned litigation [101].

Financial Performance - The company's operating revenue for 2017 was ¥238,645,181.52, a decrease of 9.19% compared to ¥262,787,894.26 in 2016[24]. - The net profit attributable to shareholders for 2017 was ¥14,914,713.67, down 60.77% from ¥38,014,917.06 in 2016[24]. - The net profit after deducting non-recurring gains and losses was ¥2,428,910.25, a decline of 92.79% from ¥33,710,429.79 in 2016[24]. - The net cash flow from operating activities improved to ¥12,806,034.36, a 134.05% increase from -¥37,604,666.44 in 2016[24]. - The total assets at the end of 2017 were ¥686,862,786.06, a decrease of 2.43% from ¥703,986,560.43 at the end of 2016[24]. - The company's total liabilities decreased by 2.05% to ¥524,519,268.89 compared to ¥514,005,942.45 at the end of 2016[24]. - The company reported a basic earnings per share of ¥0.2033, down 68.95% from ¥0.6548 in 2016[24]. - The company reported a 12% increase in overall revenue, reaching 1.2 billion yuan for the fiscal year[41]. - The company achieved a gross margin of 45.42% in the electronic information industry - finance segment, a decrease of 2.14% from the previous year[56]. Revenue Concentration and Client Base - The company reported a significant revenue concentration risk, primarily relying on banks as major clients, which may impact operations if their purchasing plans change[6]. - The company has been a key supplier for major banks, enhancing its brand reputation and financing capabilities since its establishment[37]. - The company successfully expanded its customer base, securing contracts with major banks and non-bank clients, including China Postal Savings Bank and China Railway Corporation[48]. - In 2017, the total sales amount from the top five customers reached ¥155,313,581.05, accounting for 65.08% of the annual total sales[61]. - Domestic revenue was ¥233.74 million, representing 97.94% of total revenue, with a year-on-year decrease of 6.16%[54]. Research and Development - The company maintains a strong R&D team and has not experienced significant turnover among key technical personnel, which is crucial for sustaining technological leadership[11]. - The company is investing in research and development, with a budget increase of 20% allocated for new technologies and innovations[41]. - The company invested ¥38.17 million in R&D in 2017, an increase of 19.69% year-on-year[50]. - The company holds a total of 496 patents, including 108 invention patents, 337 utility model patents, and 51 design patents as of December 31, 2017[37]. - The company is focusing on AI-based anti-counterfeiting technology and has initiated the development of an AI authentication platform using deep learning[49]. - The company launched several new products, including a high-speed sorting machine and an automatic bundling device, enhancing its product portfolio[41]. Market Expansion and Strategy - The company is in a rapid growth phase, supported by strong innovation capabilities and a solid customer base, but faces potential growth risks from industry policy changes or technological stagnation[12]. - Future outlook indicates a projected revenue growth of 15% for the next fiscal year, driven by market expansion and new product launches[42]. - Market expansion efforts include entering three new regional markets, aiming for a 10% market share within the first year[42]. - The company plans to expand its market presence in Southeast Asia, targeting a 20% increase in market share by 2020[43]. - The company is exploring potential mergers and acquisitions to enhance its competitive position in the industry[41]. Operational Efficiency and Management - The company aims to enhance its customer service capabilities, with a target of reducing response time to customer inquiries by 30%[43]. - A new strategy focusing on digital transformation is expected to improve operational efficiency by 30% over the next two years[42]. - The company is enhancing internal management systems to improve operational efficiency and ensure effective execution of business activities[89]. - The company has established a comprehensive supplier management system to mitigate risks associated with raw material procurement[10]. - The company is committed to improving its performance evaluation and incentive mechanisms to align with results-oriented goals[88]. Financial Management and Investments - The company reported a commitment to not transfer or manage shares for 36 months post-IPO, ensuring stability in shareholding[97]. - The company has committed investments totaling CNY 20,343.28 million, with cumulative investments of CNY 8,651.77 million, achieving 42.6% of the planned investment progress[79]. - The company reported a total investment of 27 million CNY in bank wealth management products during the reporting period[126]. - The company has not reported any overdue or unrecoverable amounts related to entrusted wealth management[126]. - The company has maintained a stable and compliant development strategy to enhance operational efficiency and results[128]. Governance and Compliance - The company has a strong management team with diverse backgrounds in finance, technology, and operations[157]. - The governance structure is in full compliance with the regulatory standards set by the China Securities Regulatory Commission, with no significant discrepancies noted[173]. - The company has established an independent financial department with a complete accounting system, ensuring financial autonomy and compliance[175]. - The company has not engaged in any related party transactions that could lead to conflicts of interest with the controlling shareholder[174]. - The company is committed to maintaining transparency and accountability in its governance practices[156]. Employee and Social Responsibility - The company is focused on optimizing its personnel structure and attracting high-end talent to support its rapid growth and strategic development[88]. - The company has established a comprehensive training plan aimed at enhancing employee capabilities across three levels: new employee adaptation, on-the-job skill enhancement, and management training[168]. - The company has committed to protecting employee rights, ensuring compliance with labor laws, and providing benefits such as health check-ups and paid leave[129]. - The company has a commitment to social responsibility, balancing shareholder value creation with obligations to employees and other stakeholders[128]. - The company continues to focus on enhancing employee training and development to improve overall workforce quality[129].

Financial Performance - Total revenue for Q1 2018 was ¥21,543,409.74, representing a 38.04% increase compared to ¥15,606,539.01 in the same period last year[8] - Net profit attributable to shareholders was -¥13,300,131.41, an improvement of 13.86% from -¥15,440,945.88 year-on-year[8] - Basic and diluted earnings per share improved to -¥0.18 from -¥0.21, reflecting a 14.29% increase[8] - The company's operating revenue for the period was 21.54 million RMB, an increase of 5.94 million RMB or 38.04% compared to the same period last year[19] - The gross margin for Q1 2018 improved to 40%, up from 35% in the previous quarter[27] - Operating profit for the current period was -CNY 13,164,738.27, an improvement from -CNY 17,169,278.19 in the previous period[47] - Net profit for Q1 2018 was -CNY 13,300,131.41, compared to -CNY 15,440,945.88 in the same period last year[47] Cash Flow - The net cash flow from operating activities was -¥42,952,319.59, indicating ongoing cash flow challenges[8] - The net cash flow from operating activities was -42,952,319.59 yuan, compared to -51,075,103.13 yuan in the previous period, indicating an improvement of approximately 16.5%[54] - Total cash inflow from operating activities was 36,804,958.29 yuan, while cash outflow was 79,757,277.88 yuan, resulting in a net cash flow of -42,952,319.59 yuan[54] - The cash flow from investment activities was -74,262,565.66 yuan, a significant increase from -21,439,365.19 yuan in the previous period, reflecting a higher investment outlay[55] - The ending balance of cash and cash equivalents was 179,447,519.63 yuan, down from 184,203,646.02 yuan in the previous period[55] - The net increase in cash and cash equivalents was -118,834,868.88 yuan, compared to -73,078,388.12 yuan in the previous period, indicating a worsening cash position[55] Assets and Liabilities - Total assets decreased by 4.23% to ¥657,813,214.24 from ¥686,862,786.06 at the end of the previous year[8] - Net assets attributable to shareholders decreased by 2.54% to ¥511,219,137.48 from ¥524,519,268.89[8] - Total liabilities increased to CNY 137,812,364.37 from CNY 135,480,459.78[47] - Total equity decreased to CNY 469,557,523.34 from CNY 480,353,288.14[47] - Cash and cash equivalents decreased from CNY 298,857,378.81 to CNY 180,092,109.93, representing a decrease of about 39.7%[38] - Accounts receivable decreased from CNY 154,942,126.57 to CNY 145,833,503.48, a reduction of approximately 5.8%[38] - Current liabilities decreased from CNY 124,941,391.65 to CNY 108,853,299.51, a decrease of approximately 12.9%[40] Investments and R&D - The company is investing heavily in R&D, with a budget allocation of 15 million yuan for new technology development[26] - The smart cash handling equipment production project has a total investment commitment of CNY 11,477.28 million, with CNY 3,629.4 million (31.66%) invested as of September 30, 2018[31] - The service network system construction project has a total investment commitment of CNY 5,000 million, with CNY 4,122.1 million (82.44%) invested as of September 30, 2018[31] - The technology center enhancement project has a total investment commitment of CNY 3,866 million, with CNY 1,333.4 million (34.49%) invested as of December 31, 2017[31] Market and Strategic Outlook - User data showed an increase in active users by 15% compared to the previous quarter, reaching a total of 1.2 million active users[27] - The company provided a positive outlook for the next quarter, projecting a revenue increase of 20% based on current market trends[26] - New product launches are expected to contribute an additional 10% to overall revenue in the upcoming quarter[27] - Market expansion plans include entering two new international markets by the end of 2018, aiming for a 5% market share in each[27] - The company is considering strategic acquisitions to enhance its product offerings and market presence, with potential targets identified[26] Shareholder Commitments - The company is currently fulfilling its shareholding commitment made during the IPO, which restricts the transfer of shares for 36 months from the listing date[22] - The commitment includes a clause that prohibits the transfer or management of shares held directly or indirectly by the shareholders during the lock-up period[23] - Shareholders are allowed to transfer a maximum of 25% of their shares annually while serving as directors or senior management, with additional restrictions post-employment[24] - The company has confirmed that all commitments made to minority shareholders have been fulfilled on time[29] Risks and Challenges - The company faces risks including customer concentration, seasonal revenue fluctuations, and significant accounts receivable balances[10][11] - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[34] - There were no violations regarding external guarantees during the reporting period[33] - The company has not indicated any significant changes in net profit compared to the same period last year[33] - The company has not implemented a cash dividend policy during the reporting period[33]

Financial Performance - Operating revenue for the reporting period was CNY 55,005,189.44, an increase of 18.78% year-on-year[8] - Net profit attributable to shareholders was CNY 3,948,210.53, a significant increase of 367.60% compared to the same period last year[8] - Basic earnings per share reached CNY 0.0538, up 249.35% year-on-year[8] - The total operating revenue for the current period is CNY 130,382,945.69, a decrease of 17.8% compared to CNY 158,683,466.46 in the previous period[44] - The net profit for the current period is CNY -1,482,542.26, compared to a net profit of CNY 749,685.41 in the previous period, indicating a significant decline[42] - Basic earnings per share for the current period is CNY -0.0202, down from CNY 0.0136 in the previous period[43] - Operating profit turned negative at -¥11.04 million compared to a profit of ¥0.25 million in the previous period[49] - Net profit also fell to -¥6.88 million from a profit of ¥10.60 million, marking a significant decline[50] Cash Flow and Liquidity - Cash flow from operating activities showed a net outflow of CNY 84,260,634.96, a decrease of 32.97% compared to the previous year[8] - The company’s cash and cash equivalents decreased by 55.11% to CNY 115,879,400, attributed to seasonal customer payments and increased operational investments[16] - Net cash flow from operating activities increased by CNY 41.45 million, despite a decrease in cash received from operations by CNY 0.71 million[19] - Cash flow from operating activities showed a net outflow of -¥84.26 million, improving from -¥125.71 million in the previous period[53] - The total cash and cash equivalents at the end of the period were ¥115.78 million, down from ¥45.43 million year-over-year[54] - The cash and cash equivalents decreased by ¥96,867,420.88 during the quarter[56] Assets and Liabilities - Total assets at the end of the reporting period were CNY 632,123,398.59, a decrease of 10.21% compared to the end of the previous year[8] - The balance of construction in progress increased to CNY 53,554,800, reflecting investments in office buildings and equipment[16] - Other non-current assets decreased by 68.68% to CNY 5.46 million from CNY 17.43 million at the beginning of the year, mainly due to the transfer of payments for an office building to construction in progress[17] - Total liabilities were reported at CNY 107,420,636.72, down from CNY 130,641,250.87[35] - Accounts payable decreased by 36.29% to CNY 41.14 million from CNY 64.57 million at the beginning of the year, mainly due to payments made during the reporting period[17] Investments and Expenditures - Development expenditures rose to CNY 2,116,400, indicating a transition of certain projects from research to development phase[16] - Investment income increased to CNY 1.71 million from CNY 0 million in the same period last year, primarily from returns on idle funds invested in financial products[17] - The company received ¥85 million from investment recoveries, indicating a focus on improving cash flow through asset management[55] Market and Strategic Outlook - The company plans to continue focusing on market expansion and new product development strategies[1] - The company anticipates significant changes in performance for the fourth quarter due to reduced procurement by commercial banks and increased market competition[23] - The company has not reported any new product developments or market expansion strategies in the current earnings call[42] Other Financial Metrics - Financial expenses increased by 1859.64% to CNY 1.67 million from CNY 0.09 million in the same period last year, mainly due to exchange rate fluctuations[18] - Financial expenses increased to CNY 846,649.46 from CNY 238,416.40 in the previous period, reflecting a rise of 254.5%[42] - Other income increased to CNY 7.14 million from CNY 0 million in the same period last year, mainly due to adjustments in accounting policies[18] - Other income for the current period is CNY 4,888,659.94, while there was no other income reported in the previous period[42]

Financial Performance - Total revenue for the reporting period was ¥75,377,756.25, a decrease of 32.92% compared to ¥112,375,976.21 in the same period last year[22]. - Net profit attributable to shareholders was -¥6,824,994.70, representing a decline of 146.77% from ¥14,592,773.31 in the previous year[22]. - Net profit after deducting non-recurring gains and losses was -¥11,927,829.59, down 193.43% from ¥12,767,266.76 year-on-year[22]. - Basic earnings per share were -¥0.093, a decrease of 135.05% from ¥0.2653 in the same period last year[22]. - The company reported a cumulative net profit estimate of -3.8 million yuan for the year, representing a 94.82% decrease compared to the previous year[70]. - Basic earnings per share are projected to be -0.0518 yuan, a decline of 96.12% from the previous year[70]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the first half of 2017, representing a 25% growth compared to the same period last year[81]. - The company reported a significant increase in revenue for the first half of 2017, with total revenue reaching 1,031.65 million yuan, marking a year-on-year growth of 15%[100]. Cash Flow and Assets - The net cash flow from operating activities was -¥73,323,143.05, an improvement of 29.04% compared to -¥103,323,933.64 in the previous year[22]. - The company's cash and cash equivalents increased by 25.84% to -124,561,397.29 CNY compared to -98,981,524.23 CNY in the previous year[48]. - The net cash flow from operating activities improved by 29.04%, reaching -73,323,143.05 CNY, compared to -103,323,933.64 CNY in the same period last year[48]. - The company reported cash and cash equivalents of RMB 132,966,554.85 at the end of the period, down from RMB 258,120,534.14 at the beginning[139]. - The total cash and cash equivalents decreased by 82,585,379.33 yuan during the period, compared to a decrease of 88,804,083.76 yuan in the previous period, indicating a 7.5% improvement[161]. - Total assets at the end of the reporting period were ¥640,480,711.51, down 9.02% from ¥703,986,560.43 at the end of the previous year[22]. - The company reported total assets amounting to RMB 472,257.4 million at the end of the reporting period[173]. Investments and R&D - Research and development expenses increased by 18.53% to 16,878,651.96 CNY compared to the previous year[48]. - The company emphasizes continuous R&D investment to develop integrated, automated, and intelligent financial equipment products[45]. - The company has a strong pipeline of patents, with several applications filed in 2016 and 2017, indicating ongoing investment in R&D[39]. - Research and development investments have increased by 40% in 2017, focusing on innovative technologies to enhance product offerings and maintain competitive advantage[81]. - The company is exploring potential mergers and acquisitions to enhance its competitive position in the market, with a budget of 300 million RMB allocated for this purpose[88]. Market Position and Strategy - The company serves major banks in China, including Industrial and Commercial Bank of China and Agricultural Bank of China, positioning itself as a key supplier in the financial equipment market[30]. - The company is focusing on expanding its market presence through the introduction of new technologies and products in the cash handling sector[39]. - The company plans to enhance its marketing team by combining external recruitment and internal training to build a high-quality sales force[45]. - The company is strategically positioning itself to meet the growing demand for automated cash handling solutions in various sectors[39]. - The company is actively pursuing opportunities for market expansion and potential acquisitions to strengthen its position in the industry[39]. Risks and Challenges - The company faces management risks due to rapid expansion in production and sales, requiring a robust management system[6]. - The company acknowledges technology development risks as the financial equipment industry demands faster upgrades and innovations[7]. - The company acknowledges the risk of declining core competitiveness if it fails to keep up with technological advancements in the financial equipment sector[72]. - The company faces technology development risks as the financial equipment industry requires timely upgrades to meet customer demands; failure to do so may significantly impact operational results[72]. Corporate Governance and Shareholder Matters - The company plans not to distribute cash dividends, issue bonus shares, or increase share capital from reserves[10]. - The company held its first temporary shareholders' meeting with an investor participation rate of 48.24% on April 5, 2017, and the annual shareholders' meeting with a participation rate of 51.43% on May 15, 2017[75]. - The company has committed to not transferring shares for a period of 36 months post-IPO, ensuring stability in shareholding structure[97]. - The company has made commitments to enhance shareholder value through potential share buybacks, contingent on board and shareholder approval[96]. Legal and Compliance - The company is currently involved in a patent infringement lawsuit with Shanghai Longrun Electromechanical Technology Co., with the disputed amount being 1,031.65 million yuan[100]. - The financial report for the half-year period was not audited[137]. - The company has ensured compliance with all relevant regulations and commitments to protect shareholder interests[96].

Revenue and Financial Performance - The company reported a significant revenue concentration risk due to its primary clients being banks, which may impact normal operations if their purchasing plans change [6]. - The company's revenue exhibits strong seasonal fluctuations, with lower sales in the first half of the year and a peak in the fourth quarter due to the procurement cycle of banks [7]. - The company's operating revenue for 2016 was ¥262,787,894.26, an increase of 1.94% compared to ¥257,775,612.26 in 2015 [24]. - The net profit attributable to shareholders decreased by 25.02% to ¥38,014,917.06 from ¥50,702,957.83 in 2015 [24]. - The net cash flow from operating activities was negative at -¥37,604,666.44, a decline of 279.55% compared to ¥20,944,007.13 in 2015 [24]. - The total assets increased by 48.90% to ¥703,986,560.43 at the end of 2016 from ¥472,797,840.33 at the end of 2015 [24]. - The net assets attributable to shareholders rose by 88.49% to ¥514,005,942.45 from ¥272,692,207.60 in 2015 [24]. - The basic earnings per share decreased by 28.97% to ¥0.6548 from ¥0.9219 in 2015 [24]. - The company reported a total of ¥4,304,487.27 in non-recurring gains and losses for 2016, down from ¥10,695,087.71 in 2015 [30]. - The cash dividend for 2016 is set at RMB 0.60 per 10 shares, totaling RMB 4,401,600, which represents 100% of the profit distribution [86][87]. Research and Development - The company maintains a strong R&D team and has not experienced significant turnover among key technical personnel, which is crucial for sustaining technological leadership [11]. - The company has a strong focus on R&D in financial equipment, with a comprehensive product system including cash handling and management systems [33]. - The company has made significant investments in R&D, leading to substantial achievements in patent acquisition and technology development [37]. - The company’s R&D investment for 2016 amounted to ¥31,890,861.20, representing 12.14% of total revenue, an increase from 9.39% in 2015 [62]. - The number of R&D personnel increased to 194 in 2016, accounting for 24.84% of the total workforce, up from 24.17% in 2015 [62]. - In 2016, the company achieved a research and development investment of CNY 31.89 million, an increase of 31.77% compared to the previous year [46]. - The company’s research and development efforts are reflected in the filing of 78 patent applications, showcasing its commitment to technological advancement in the cash handling sector [41]. Market and Industry Dynamics - The company is in a rapid growth phase, supported by strong innovation capabilities and a solid customer base, but faces risks from potential policy changes in the financial equipment sector [12]. - The financial equipment industry is characterized by high technical content and requires continuous upgrades to meet evolving market demands [34]. - The company’s financial performance and operational strategies are closely tied to the banking sector's procurement cycles and credit conditions, highlighting the need for diversification [6]. - The company is actively expanding its product line, with new applications for cash handling devices and software aimed at enhancing operational efficiency [41]. - The company aims to enhance user experience by integrating identification features into its cash sorting machines [41]. Operational Efficiency and Cost Management - Raw material costs constitute a significant portion of operating costs, and while prices remained stable during the reporting period, any future volatility could adversely affect operations [10]. - The company has established a comprehensive supplier management system and price tracking for raw materials, ensuring stable supply and cost control [10]. - The cost of raw materials represented 78.90% of total operating costs, showing a slight increase from 77.30% in the previous year [55]. - The company has optimized production processes, improving production line utilization and reducing manufacturing costs [46]. Corporate Governance and Compliance - The company has strengthened internal controls and investor relations to improve governance and transparency since its listing [47]. - The company maintains a dedicated account for the raised funds, ensuring compliance with relevant regulations [71]. - The governance structure aligns with the requirements set by the China Securities Regulatory Commission, with no significant discrepancies [172]. - The company has implemented effective measures to ensure the independence of its management and operational capabilities [173]. - The audit opinion issued was a standard unqualified opinion, confirming the fair presentation of the financial statements as of December 31, 2016 [187]. Shareholder and Equity Management - The company approved the public issuance of 18.36 million shares at a price of RMB 12.48 per share, raising a net amount of RMB 229,132,800 [139]. - The lock-up period for shares held by directors and senior management is set for 36 months from the date of the public offering [93]. - The company has committed to not transferring or entrusting the management of shares held for 36 months post-IPO [93]. - The company’s major shareholder, Chen Chongjun, holds 38.92% of the shares, with 1,210,000 shares pledged [146]. - The company has not reported any other shareholders holding more than 10% of shares [150]. Employee and Talent Management - The total number of employees in the company is 781, with 266 in the parent company and 515 in major subsidiaries [163]. - The company has established a training plan focusing on new employee adaptation, in-service employee skill enhancement, and management capability training [166]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounts to 2,232,600 RMB (approximately 223.26 million RMB) [162]. - The company plans to enhance its performance-based compensation system, linking bonuses to key performance indicators (KPIs) related to business objectives and talent development [165]. Social Responsibility and Sustainability - The company actively fulfills its corporate social responsibilities and maintains transparent communication with investors through various channels [134]. - The company is committed to sustainability, with plans to reduce carbon emissions by 20% by 2025 [102]. - The company emphasizes employee rights and satisfaction, providing training to enhance skills and development [134].

上海古鳌电子科技股份有限公司 2017 年第一季度报告全文 上海古鳌电子科技股份有限公司 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 2017 年第一季度报告全文 2017 年第一季度报告 2017-033 2017 年 04 月 1 上海古鳌电子科技股份有限公司 2017 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。 单位：元 | 项目 | 年初至报告期期末金额 | 说明 | | --- | --- | --- | | 计入当期损益的政府补助（与企业业务密切相关，按照国家统 一标准定额或定量享受的政府补助除外） | 1,600,000.00 | | | 除上述各项之外的其他营业外收入和支出 | 128,332.31 | | | 减：所得税影响额 | 259,249.85 | | | 合计 | 1,4 ...