无锡路通视信网络股份有限公司 2022 年第三季度报告 证券代码：300555 证券简称：路通视信 公告编号：2022-065 无锡路通视信网络股份有限公司 2022 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 重要内容提示： 1、董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 2、公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的 真实、准确、完整。 3、第三季度报告是否经过审计 □是 否 1 无锡路通视信网络股份有限公司 2022 年第三季度报告 一、主要财务数据 （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 □适用 不适用 公司不存在其他符合非经常性损益定义的损益项目的具体情况。 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期 ...

Financial Performance - The company reported a revenue of RMB 300 million for the first half of 2022, representing a year-on-year increase of 15%[17]. - The net profit attributable to shareholders was RMB 50 million, up 10% compared to the same period last year[17]. - The company's operating revenue for the first half of 2022 was ¥116,695,982.78, representing a 41.53% increase compared to ¥82,454,062.23 in the same period last year[23]. - The total profit for the period was -0.98 million yuan, an increase of 44.91% year-on-year[34]. - The comprehensive gross profit margin for the company was 24.72%, an increase of 4.60% year-on-year, driven by increased revenue and gross margin from emergency broadcasting projects[34]. - The company reported a total of CNY 126,583,617.42 in trading financial assets as of June 30, 2022, down from CNY 150,560,752.90 at the start of the year, a decrease of approximately 16%[160]. - The company reported a total cash inflow from investment activities of 307,294,226.00 CNY in H1 2022, compared to 266,613,068.65 CNY in H1 2021, indicating an increase of approximately 15.3%[175]. - The total comprehensive income for the first half of 2022 was a loss of CNY 829,682.21, compared to a loss of CNY 1,064,492.39 in the same period last year[170]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by the end of 2023[17]. - The company is exploring potential acquisitions to enhance its technology capabilities and market reach[17]. - The company is focusing on improving its operational efficiency and exploring potential mergers and acquisitions to strengthen its market position[182]. - The company plans to enhance its market expansion strategies and invest in new technology development to drive future growth[182]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its product offerings[186]. - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[186]. Research and Development - The company is investing RMB 20 million in R&D for new product development, focusing on smart network solutions[17]. - R&D investment amounted to 8.3162 million yuan, accounting for 7.13% of operating revenue[58]. - The company holds a total of 82 patents and 110 software copyrights, reflecting its strong R&D capabilities and commitment to innovation[45]. - The company is actively upgrading its technology to support the promotion of 4K/8K ultra-high-definition video technology and is developing 10G EPON series devices[40]. - The company is focusing on IoT applications and digital twin technology to expand its business scope[60]. Operational Efficiency - The company aims to leverage its existing technology to improve operational efficiency by 15% in the next fiscal year[17]. - The company is committed to enhancing internal control and optimizing business processes to ensure compliance and protect shareholder interests[118]. - The company has implemented strategies to mitigate risks associated with the supply of imported core components, including increasing order quantities and seeking alternative chips[56]. - The company is focusing on upgrading traditional network transmission equipment, emergency broadcasting series devices, and smart IoT application solutions[58]. Financial Position and Cash Flow - The net cash flow from operating activities was -¥14,285,095.37, a significant decline of 945.58% compared to ¥1,689,387.32 in the same period last year[23]. - The company reported a 307.51% increase in net cash flow from financing activities, totaling ¥14,267,736.81, due to increased bank borrowings[52]. - The company's cash and cash equivalents decreased by 9.43% to 58,521,148.45 CNY compared to the end of the previous year[66]. - The company's operating cash flow for the first half of 2022 was negative at -14,285,095.37 CNY, compared to a positive 1,689,387.32 CNY in the same period of 2021, indicating a decline in operational efficiency[174]. - The company’s cash flow from operating activities was impacted by increased payments to employees, which rose to 27,605,060.84 CNY in H1 2022 from 21,681,707.78 CNY in H1 2021, reflecting a growth of approximately 27.5%[174]. Risks and Challenges - The management highlighted risks related to market competition and regulatory changes, with strategies in place to mitigate these risks[4]. - The company faces risks related to declining gross margins due to increased market competition and reliance on imported core components[90]. - The company is closely monitoring the impact of the COVID-19 pandemic on operations, particularly regarding raw material supply and logistics[95]. - The company is facing management challenges due to changes in its controlling shareholder and actual controller, necessitating further upgrades in business operations[94]. Shareholder Information - No cash dividends or stock bonuses will be distributed to shareholders for this period[5]. - The company has implemented a restricted stock incentive plan since 2021, aimed at attracting and retaining key talents, aligning their interests with the company's long-term development[49]. - The company has not distributed cash dividends or bonus shares for the half-year period[102]. - The company has not implemented any employee stock ownership plans or other incentive measures during the reporting period[103].

Financial Performance - The company's net profit was negative due to rising raw material prices, leading to a decrease in comprehensive gross margin compared to the previous year[5]. - The company's operating revenue for 2021 was ¥192,260,289.14, an increase of 2.29% compared to ¥187,956,396.16 in 2020[24]. - The net profit attributable to shareholders was -¥15,176,597.09 in 2021, a decrease of 545.44% from ¥3,407,099.61 in 2020[24]. - The net cash flow from operating activities was -¥45,830,576.26, a decline of 152.06% compared to ¥88,042,406.61 in 2020[25]. - The basic earnings per share for 2021 was -¥0.0759, down 546.47% from ¥0.0170 in 2020[25]. - The company reported a weighted average return on equity of -2.40% in 2021, down from 0.53% in 2020[25]. - The company experienced a significant decline in net profit, with the net profit before and after deducting non-recurring gains and losses both being negative for the last three accounting years[25]. - The company reported a total of ¥10,682,775.01 in non-recurring gains in 2021, compared to ¥8,841,624.81 in 2020[33]. - The company's comprehensive gross margin for the reporting period was 18.10%, a decrease of 6.64% compared to the same period last year[121]. - The total profit for the company was -17.17 million yuan, a decrease of 557.13% year-on-year[59]. Operational Developments - The company will closely monitor major development opportunities in 5G and "smart broadcasting" construction in 2022[5]. - The company aims to seize business opportunities arising from the increased demand for information technology in emergency broadcasting and smart tourism[5]. - The company will focus on the ongoing deepening of dual-way transformation and coverage of broadcasting networks[5]. - The company is positioned in the broadband network intelligent connection and smart application solution industry, focusing on communication equipment R&D and manufacturing[37]. - The company has transitioned from being a device provider to a comprehensive solution provider for broadband network intelligent connections and smart applications, expanding its client base beyond broadcasting operators to other telecom operators and government enterprises[42]. - The company has developed a comprehensive emergency broadcasting system solution that aligns with national standards, facilitating multi-level coordination and coverage during emergencies[44]. - The company’s smart tourism solutions have been implemented in various projects, including the Weishan Lake Scenic Area and Xi'an Muslim Street, validating the market maturity of its products[44]. - The company is positioned to benefit from the increasing investment in network construction and upgrades by broadcasting operators due to rising user demands for bandwidth and speed[38]. - The integration of 5G technology with cable networks is seen as a future development direction, providing new business opportunities for the company[40]. Research and Development - The company maintains a complete R&D organizational structure, adhering to ISO9000 standards for product development processes, which include market research and continuous improvement[47]. - The company focused its R&D on upgrading traditional network transmission equipment and smart IoT application solutions during the reporting period[87]. - The company is actively developing higher transmission rate 10G EPON series devices to support the future rollout of 4K/8K ultra-high-definition video technology[63]. - The company is investing 200 million RMB in R&D for new technologies in blockchain and AI over the next two years[167]. - Research and development expenses increased by 30% in 2021, totaling 150 million RMB, focusing on AI and big data technologies[171]. Management and Governance - The company has passed the re-certification as a high-tech enterprise, allowing it to enjoy tax benefits for three consecutive years (2021-2023)[124]. - The company aims to ensure smooth operations following the management transition and maintain compliance with legal requirements[151]. - The company is focused on enhancing its governance structure to align with its new strategic goals[150]. - The company has established a robust mechanism for decision-making and supervision to protect shareholder rights[184]. - The company plans to implement a comprehensive assessment of its incentive plans to align with its strategic objectives[189]. Market and Strategic Initiatives - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2025[164]. - A strategic acquisition of a local tech firm was announced, expected to enhance the company's capabilities in smart city solutions, with a deal value of 200 million yuan[164]. - The company launched two new products in Q4 2021, contributing to a 5% increase in overall sales during that quarter[164]. - The company aims to reduce operational costs by 15% in 2022 through efficiency improvements and process optimization[164]. - The company is focused on expanding its market presence and enhancing its competitive edge through strategic initiatives and potential acquisitions[190]. Employee and Compensation - The total number of employees at the end of the reporting period was 280, with 226 in the parent company and 54 in major subsidiaries[194]. - The company has implemented a performance-oriented compensation system, including various salary structures and incentives[196]. - The total remuneration paid to the current directors, supervisors, and senior management was 3.3436 million yuan, including remuneration for resigned personnel[176]. - The remuneration for the independent director, Cao Heping, was 26,700 yuan, while the total remuneration for the general manager, Lan Yu, was 256,700 yuan[178]. Challenges and Risks - The company has faced uncertainty regarding its ability to continue as a going concern, as indicated in the audit report[25]. - The company experienced a significant increase in credit impairment losses due to the rise in long-aged accounts receivable[5]. - The company is actively seeking to mitigate the impact of core component supply shortages by increasing order volumes and exploring alternative chip sources[78]. - The company will continue to monitor the impact of the COVID-19 pandemic on its operations and adjust strategies accordingly[126].

Financial Performance - The company's operating revenue for Q1 2022 was ¥59,956,733.99, representing a 57.41% increase compared to ¥38,089,296.02 in the same period last year[4] - Net profit attributable to shareholders for Q1 2022 was ¥5,330,478.62, a significant increase of 143.61% from ¥2,188,119.69 in the previous year[4] - Basic earnings per share for Q1 2022 were ¥0.0267, up 144.95% from ¥0.0109 in the same period last year[5] - The company reported a 304.30% increase in net profit attributable to shareholders after deducting non-recurring gains and losses, amounting to ¥4,190,344.26[4] - Net profit for Q1 2022 reached CNY 4,921,073.71, representing a significant increase of 168.5% from CNY 1,836,455.57 in Q1 2021[28] - Earnings per share for Q1 2022 were CNY 0.0267, compared to CNY 0.0109 in Q1 2021, reflecting a growth of 144.9%[29] - The company reported a gross profit of CNY 17,090,464.95 for Q1 2022, with a gross margin of approximately 28.5%[26] Cash Flow and Investments - The net cash flow from operating activities was -¥22,291,255.86, a decrease of 1,928.77% compared to -¥1,098,759.42 in Q1 2021[5] - The company’s investment activities generated a net cash outflow of -¥19,513,050.72, which was a 31.71% improvement compared to -¥28,572,656.32 in Q1 2021[12] - The net cash flow from investment activities was -19,513,050.72 CNY, an improvement from -28,572,656.32 CNY in the same quarter last year[33] - Cash inflow from financing activities was 27,757,683.60 CNY, significantly higher than 7,165,793.00 CNY in the previous year[33] - The net cash flow from financing activities was 19,752,953.19 CNY, compared to -7,791,788.84 CNY in the same quarter last year, showing a positive turnaround[33] - Total cash outflow from operating activities was 82,066,527.99 CNY, compared to 64,099,322.67 CNY in the previous year, reflecting increased operational expenses[32] Assets and Liabilities - Total assets at the end of Q1 2022 were ¥799,416,186.04, a slight increase of 0.61% from ¥794,605,965.56 at the end of the previous year[5] - The total liabilities as of Q1 2022 were CNY 156,074,937.68, a decrease of 1.2% from CNY 158,965,790.91 in the previous year[24] - The company’s total liabilities increased, with short-term borrowings rising by 50.46% to ¥61,481,330.06, reflecting new bank loans received during the period[9] - Current assets decreased from CNY 643,338,306.29 at the beginning of the year to CNY 621,393,988.78 by the end of the first quarter of 2022, reflecting a decline of approximately 3.5%[22] - Cash and cash equivalents decreased from CNY 64,612,432.40 to CNY 42,796,890.85, a reduction of about 33.8%[21] - Accounts receivable increased from CNY 238,368,113.71 to CNY 249,187,369.84, representing an increase of approximately 4.5%[21] - Short-term borrowings rose significantly from CNY 40,862,436.07 to CNY 61,481,330.06, an increase of about 50.5%[22] - The total non-current assets increased from CNY 151,267,659.27 to CNY 178,022,197.26, marking an increase of approximately 17.7%[22] Operational Costs and Expenses - Total operating costs for Q1 2022 were CNY 57,206,613.39, up 41.2% from CNY 40,523,334.10 in the same period last year[26] - Research and development expenses for Q1 2022 amounted to CNY 3,320,733.58, an increase of 11.4% from CNY 2,981,410.48 in Q1 2021[27] - Payments to employees amounted to 16,950,366.13 CNY, an increase from 14,000,185.00 CNY year-over-year, indicating rising labor costs[32] Company Developments - The company received the "High-tech Enterprise Certificate" from relevant authorities, valid for three years, indicating a focus on innovation and technology[19] - The company reported a projected net loss for 2021 between CNY 11 million and CNY 16.4 million, with a net loss after non-recurring items estimated between CNY 19.5 million and CNY 28.5 million[19] - The company has plans for significant share reductions by major shareholders, including up to 4 million shares by specific executives, indicating potential changes in ownership structure[19]

Financial Performance - The company's operating revenue for Q3 2021 was ¥31,041,116.76, a decrease of 42.23% compared to the same period last year[3] - The net profit attributable to shareholders was -¥7,576,841.48, representing a decline of 273.07% year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥10,045,672.55, down 483.38% from the previous year[3] - The net cash flow from operating activities was ¥5,743,070.03, a significant drop of 90.98% compared to the same period last year[3] - Total operating revenue for Q3 2021 was ¥113,495,178.99, a decrease of 17.7% compared to ¥137,844,735.56 in the same period last year[22] - Net profit for Q3 2021 was a loss of ¥8,982,539.58, compared to a profit of ¥656,780.91 in Q3 2020, representing a significant decline[23] - The company's operating profit for Q3 2021 was a loss of ¥12,232,109.00, compared to a loss of ¥882,189.88 in the previous year[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥761,486,999.54, down 5.87% from the end of the previous year[4] - The total assets decreased to ¥761,486,999.54 in Q3 2021 from ¥808,985,806.41 in the previous year, a reduction of approximately 5.8%[20] - Total liabilities decreased to ¥124,061,210.90 in Q3 2021 from ¥162,577,478.19 in the same period last year, a decline of about 23.6%[20] Shareholder Information - The total number of common shareholders at the end of the reporting period is 15,480[13] - The largest shareholder, Ningbo Yuyao Huasheng Cloud City Smart City Operation Technology Co., Ltd., holds 12.55% of shares, totaling 25,101,283 shares[13] Cash Flow - The company's cash and cash equivalents decreased from ¥667,402,971.42 in the previous year to ¥621,997,602.82 in Q3 2021, a decline of approximately 6.8%[20] - The net cash flow from investing activities was ¥74,973,128.89, a substantial increase of 289.79% compared to the same period last year[11] - Cash inflow from investment activities totaled ¥491,967,715.93, up 30.5% from ¥379,491,846.57 in the previous period[26] - The total cash outflow from operating activities was ¥156,949,077.08, down 3.4% from ¥162,822,746.57 in the previous period[26] - The company reported a cash outflow of ¥34,645,021.51 from financing activities, a decrease from ¥46,804,063.40 in the previous period[26] Investment and Capital - Investment income increased by 73.75% to ¥6,040,715.93 for the first nine months of 2021[10] - The company plans to increase the registered capital of its wholly-owned subsidiary by RMB 57 million and provide financial support of up to RMB 90 million[16] - The company intends to grant 16.12 million restricted stock options to incentive targets at a price of RMB 4.56 per share[16] Other Financial Metrics - The weighted average return on equity was -1.19%, a decline of 1.88% year-on-year[3] - Basic and diluted earnings per share for Q3 2021 were both -0.0412, compared to 0.0058 in Q3 2020[24] - Research and development expenses for Q3 2021 were ¥9,630,219.40, slightly down from ¥9,848,260.49 in the same period last year[22] Changes in Financial Position - The company reported cash and cash equivalents of approximately RMB 140.89 million as of September 30, 2021, compared to RMB 73.94 million at the end of 2020, reflecting an increase of 90.2%[18] - The company's trading financial assets decreased to approximately RMB 129.97 million from RMB 201.07 million, a decline of 35.2% year-over-year[18] - Accounts receivable decreased to approximately RMB 227.75 million from RMB 259.56 million, a reduction of 12.3%[18] Compliance and Certifications - The company has passed the CMMI Level 3 assessment certification, valid until July 16, 2024[16] - The company did not require adjustments to the balance sheet for the new leasing standards as no relevant business occurred[28] Restricted Shares - The company has a total of 10,960,097 restricted shares at the end of the reporting period, with 2,740,025 shares newly added to the restricted status[15] - The company has not disclosed any related party transactions among the top shareholders, except for the agreement between shareholders[14]

Financial Performance - The company reported a revenue of RMB 300 million for the first half of 2021, representing a year-on-year increase of 15%[16]. - The net profit attributable to shareholders was RMB 50 million, up 20% compared to the same period last year[16]. - The company's operating revenue for the reporting period was ¥82,454,062.23, a decrease of 1.97% compared to the same period last year[22]. - The net profit attributable to shareholders was -¥671,542.48, an improvement of 79.19% year-on-year[22]. - The company reported a basic earnings per share of -¥0.0034, an improvement of 78.88% compared to the previous year[22]. - The company's operating revenue for the first half of 2021 was ¥80,174,539.32, a decrease of 3.1% compared to ¥83,238,396.37 in the same period of 2020[153]. - The net profit for the first half of 2021 was -¥70,099.15, an improvement from -¥1,837,710.68 in the first half of 2020[154]. - The total comprehensive income attributable to the parent company was -¥671,542.48, compared to -¥3,226,455.28 in the previous year[153]. User Growth and Market Strategy - User data showed an increase in active users by 10% to reach 1.2 million by the end of June 2021[16]. - The company plans to expand its market presence in the southern regions of China, targeting a 25% growth in user acquisition by the end of 2022[16]. - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market reach[16]. - The company has expanded its customer base from broadcasting network operators to other telecom operators and government-enterprise clients[33]. - The company is actively expanding its "smart broadcasting" business, developing applications for emergency management and smart city solutions[35]. Research and Development - The company is investing RMB 20 million in R&D for new product development, focusing on smart broadcasting technologies[16]. - The company has accumulated 77 patents and 102 software copyrights, enhancing its research and development capabilities[40]. - R&D investment for the reporting period amounted to 6.02 million yuan, representing 7.31% of total revenue, focusing on upgrading traditional network transmission equipment and smart IoT applications[53]. - The company is actively working on multiple R&D projects, including the development of FTTH terminal devices and WiFi-enabled EOC terminals, which are in the market launch and improvement stages[54]. - The company is focusing on the development of next-generation EOC products based on Homeplug AV2 standards to improve bandwidth and reduce costs[54]. Financial Management and Cash Flow - The net cash flow from operating activities was ¥1,689,387.32, down 96.35% from the previous year[22]. - The company's cash and cash equivalents decreased by 51.61% to ¥35,773,848.49, accounting for 4.64% of total assets[60]. - The company reported a net cash outflow from investing activities of -¥29,782,028.43, compared to -¥21,440,847.62 in the previous year[159]. - The net cash flow from financing activities was -¥6,875,533.18, an improvement from -¥16,299,328.75 in the first half of 2020[159]. - The total cash inflow from investment activities was ¥263,399,275.49, down from ¥292,779,695.74 in the first half of 2020, representing a decline of 10.06%[161]. Operational Challenges and Risks - The management highlighted risks related to market competition and regulatory changes, with strategies in place to mitigate these risks[5]. - The decline in revenue was primarily due to the cyclical low in broadcasting network construction and renovation investments[30]. - The company is facing risks related to tax incentives and government subsidies, which significantly impact net profit[85]. - The company has implemented strategies to mitigate the impact of core component supply shortages by increasing order volumes, expanding inventory, and seeking alternative chips[50]. Corporate Governance and Compliance - The company adheres to relevant laws and regulations, maintaining transparency and communication with investors[98]. - The company has established a special team to focus on the re-certification of high-tech enterprise status, which is crucial for maintaining tax benefits[85]. - The financial report was approved by the board of directors on August 24, 2021[182]. - The company has not experienced any changes in its board of directors, supervisors, or senior management during the reporting period[91]. Shareholder Information - No cash dividends or stock bonuses will be distributed to shareholders for this period[6]. - The company reported a profit distribution of RMB 4,000,000 to shareholders during the current period[176]. - The total number of shares after the recent changes remains at 200,000,000, with 88.40% being unrestricted shares[124]. - The largest shareholder, Yongxin County Zehong Enterprise Management Co., Ltd., holds 10.46% of the shares, totaling 20,917,750 shares[126].

Financial Performance - The company reported a profit distribution plan based on a base of 200,000,000 shares, with no cash dividends or bonus shares distributed to shareholders[5]. - The company's operating revenue for 2020 was ¥187,956,396.16, a decrease of 28.75% compared to ¥263,782,163.09 in 2019[17]. - The net profit attributable to shareholders for 2020 was ¥3,407,099.61, down 31.25% from ¥4,956,009.83 in 2019[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥5,434,525.20, a decline of 507.80% compared to -¥894,130.84 in 2019[17]. - The total assets at the end of 2020 were ¥808,985,806.41, an increase of 2.03% from ¥792,915,217.68 at the end of 2019[17]. - The company's basic earnings per share for 2020 was ¥0.0170, a decrease of 31.45% from ¥0.0248 in 2019[17]. - The weighted average return on net assets was 0.53% in 2020, down from 0.78% in 2019[17]. - The company reported a total revenue of 187.96 million yuan in 2020, a decrease of 28.75% compared to the previous year[53]. - Net profit attributable to the parent company was 3.41 million yuan, down 31.25% year-on-year[53]. - The company's comprehensive gross margin for the reporting period was 24.74%, an increase of 0.48 percentage points compared to the same period last year[122]. Cash Flow and Assets - The net cash flow from operating activities increased by 63.53% to ¥88,042,406.61 in 2020 from ¥53,840,184.57 in 2019[17]. - The company's cash and cash equivalents increased by 227.75% compared to the end of the previous year, primarily due to a significant increase in customer payments and the purchase of bank time deposits with idle cash[43]. - Accounts receivable increased by 46.01% year-over-year, attributed to enhanced management of accounts receivable and accelerated collection efforts[43]. - The company's cash dividend distribution strategy will continue to be aligned with its operational and investment funding needs[135]. - The company reported a cash and cash equivalents net increase of 47,539,768.51 yuan, a remarkable rise of 2,451.91% compared to the previous year[84]. - The company reported an increase in inventory levels by 30.12% due to customer stocking, with an inventory of 5.53 thousand units[66]. Business Strategy and Market Position - The company focuses on the Internet of Things (IoT) as a strategic direction for transformation, leveraging advancements in 5G, big data, and cloud computing to develop comprehensive IoT application solutions across various industries[29]. - The company provides comprehensive solutions for broadband network intelligent connectivity and smart applications, focusing on network transmission construction and related technical services[27]. - The company is positioned as a comprehensive solution provider in the broadband network sector, capable of delivering a full range of products and services for network transformation and smart broadcasting initiatives[39]. - The company has successfully transitioned from a device provider to a holistic broadband network and smart application solution provider, expanding its customer base to include other telecom operators and government clients[40]. - The company is currently in a strategic transformation phase, focusing on long-term development and sustainable growth[135]. Research and Development - The company holds 93 patents and 93 software copyrights, reflecting its strong R&D capabilities and commitment to innovation[45]. - Research and development expenses for 2020 were approximately 14.50 million yuan, a decrease of 4.34% from the previous year[75]. - The company focused its R&D on upgrading traditional network transmission equipment and developing emergency broadcasting series devices[82]. - The company added 15 new patents and 9 software copyrights during the reporting period, enhancing its intellectual property portfolio[81]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements and plans, highlighting potential risks in future development[5]. - The company’s future development plans include addressing potential risks and outlining strategies to mitigate them[5]. - The company faces risks related to the potential slowdown of network construction investments by broadcasting network operators, which could impact sales of access network equipment[121]. Corporate Governance - The company has appointed Zhongtianyun Accounting Firm as its auditing institution for the financial report[10]. - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and senior management[4]. - The company has a dedicated investor relations team, with contact details available for inquiries[14]. - The company has maintained a continuous audit service from the current accounting firm for four years[144]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 20,146, an increase from 17,895 at the end of the previous month[177]. - The largest shareholder, Yongxin County Zehong Enterprise Management Co., Ltd., holds 10.46% of shares, totaling 20,917,750 shares, with 7,500,000 shares pledged[178]. - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[180]. - The company has not sold any significant assets or equity during the reporting period, maintaining its asset structure intact[109][110]. Employee and Management Information - The total remuneration paid to directors, supervisors, and senior management in 2020 amounted to 2.3863 million yuan[198]. - The company employed a total of 324 staff members, with 278 in the parent company and 46 in major subsidiaries[200]. - The total shares held by all directors, supervisors, and senior management at the end of the period is 30,937,280 shares, down from 34,785,780 shares, reflecting a total reduction of 3,848,500 shares[189].

Financial Performance - The company's operating revenue for Q1 2021 was ¥38,089,296.02, representing a 164.11% increase compared to ¥14,421,772.74 in the same period last year[8] - The net profit attributable to shareholders was ¥2,188,119.69, a significant turnaround from a loss of ¥6,323,523.76 in the previous year, marking a 134.60% improvement[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,036,433.93, compared to a loss of ¥7,475,369.09 last year, reflecting a 113.86% increase[8] - The basic earnings per share increased to ¥0.0109 from a loss of ¥0.0316, showing a 134.49% improvement[8] - The company achieved operating revenue of CNY 38,089,296.02 in Q1 2021, a 164.11% increase compared to CNY 14,421,772.74 in Q1 2020, primarily due to a low revenue base from the previous year affected by COVID-19[16] - The net profit attributable to the parent company reached CNY 218,810.00, up 134.60% from CNY 67,650.84 in the same period last year, reflecting significant recovery in performance[18] - The company's gross profit margin improved to 21.38%, an increase of 4.22 percentage points year-on-year, as the previous year's low margin was distorted by the pandemic[22] - The net profit for Q1 2021 was ¥1,836,455.57, a turnaround from a net loss of ¥6,880,077.35 in Q1 2020, marking a substantial improvement[44] - The total comprehensive income attributable to the parent company was ¥2,188,119.69, compared to a loss of ¥6,323,523.76 in the previous year[48] Cash Flow and Assets - The net cash flow from operating activities was negative at -¥1,098,759.42, a decline of 105.47% compared to ¥20,079,469.01 in the same period last year[8] - Cash flow from operating activities was negative at CNY -1,098,759.42, a decline of 105.47% compared to CNY 20,079,469.01 in Q1 2020, mainly due to reduced cash receipts from sales[17] - The total assets at the end of the reporting period were ¥765,927,884.94, down 5.32% from ¥808,985,806.41 at the end of the previous year[8] - The total assets as of March 31, 2021, amounted to ¥763,981,820.31, down from ¥805,253,183.06 at the end of 2020[39] - The company's cash and cash equivalents decreased by 54.24% to CNY 33,829,332.02, mainly due to investments in financial products and operational payments[16] - Cash and cash equivalents decreased to ¥31,401,646.52 from ¥69,654,214.91, a decline of about 54.8%[39] - The net cash flow from operating activities decreased significantly to ¥614,263.14 from ¥22,126,553.66, representing a decline of approximately 97.2%[23] - Total cash inflow from operating activities was ¥59,770,794.87, down from ¥84,877,780.16, a decrease of approximately 29.6%[23] - Total cash outflow from operating activities was ¥59,156,531.73, compared to ¥62,751,226.50, indicating a decrease of about 5.1%[23] Liabilities and Equity - The total liabilities decreased to 117.68 million yuan from 162.58 million yuan, indicating improved financial stability[36] - The total liabilities decreased to ¥115,239,979.55 from ¥159,203,740.51, reflecting a reduction of approximately 27.6%[40] - The equity attributable to shareholders of the parent company increased to ¥648,741,840.76 from ¥646,049,442.55, showing a slight growth[40] - The company has successfully reduced short-term borrowings to 35.12 million yuan from 46.18 million yuan, indicating improved liquidity management[36] Government Subsidies and Tax Benefits - The company reported government subsidies amounting to ¥421,080.24 during the reporting period[9] - The proportion of tax benefits and government subsidies to net profit is significant, indicating potential risks if these benefits are altered or lost[24] - The company is highly focused on the re-certification of its high-tech enterprise status, which is crucial for continuing to enjoy tax benefits and government subsidies[24] - The company has no significant reliance on tax benefits and government subsidies, which mitigates potential risks associated with changes in these areas[25] Operational Strategies and Market Presence - The company plans to enhance project management and cost control to mitigate risks associated with declining gross margins and increased competition[22] - The company is actively expanding its market presence by offering integrated solutions for operators, including smart community and emergency broadcasting systems[21] - The company has implemented a strict accounts receivable collection system, linking responsibilities to specific personnel and performance evaluations, resulting in effective collection measures[23] Investment and Research - The company reported a significant increase in other income, which rose by 201.53% to CNY 833,081.77, attributed to higher software tax refunds[16] - The company’s financial expenses decreased by 67.57% to CNY 278,440.90, primarily due to reduced discounting fees from notes payable[16] - The company’s research and development expenses for Q1 2021 were ¥2,981,410.48, slightly down from ¥3,255,067.91 in Q1 2020[43] - Research and development expenses for the quarter were ¥2,388,182.67, slightly down from ¥2,397,595.63 in the previous year[47] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,895[12] - The company is currently in negotiations for a potential control transfer, which may enhance its profitability through synergies with the new partner[26]

无锡路通视信网络股份有限公司 2020 年第三季度报告全文 无锡路通视信网络股份有限公司 2020 年第三季度报告 2020-071 2020 年 10 月 1 无锡路通视信网络股份有限公司 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。 公司负责人贾清、主管会计工作负责人周瑜君及会计机构负责人(会计主管 人员)周瑜君声明：保证季度报告中财务报表的真实、准确、完整。 2 无锡路通视信网络股份有限公司 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） | 769,047,036.42 | | 792,915,217.68 | -3.01% | | 归属 ...

Financial Performance - The company reported a revenue of RMB 100 million for the first half of 2020, representing a year-on-year increase of 15%[14]. - The company's operating revenue for the reporting period was ¥84,111,888.76, a decrease of 29.29% compared to the same period last year[20]. - The net profit attributable to shareholders was -¥3,226,455.28, representing a decline of 232.85% year-on-year[20]. - The net profit after deducting non-recurring gains and losses was -¥5,867,495.81, a decrease of 1,920.36% compared to the previous year[20]. - The company's revenue decreased by 77.71% compared to the same period last year due to the impact of the pandemic, resulting in negative operating profit and net profit[75]. - The comprehensive gross margin for the first half of 2020 was 23.32%, a decrease of 2.80 percentage points year-on-year, primarily due to a significant drop in revenue while costs remained relatively rigid[78]. - The net profit for the first half of 2020 was a loss of CNY 4,159,272.40, compared to a profit of CNY 2,013,329.38 in the same period of 2019[148]. - The company's total assets decreased to CNY 761,354,456.13 from CNY 788,115,168.13, reflecting a decline of 3.4%[145]. - The company's total liabilities decreased to CNY 125,884,961.28 from CNY 146,604,724.38, indicating a reduction of approximately 14.1%[140]. Cash Flow and Investments - The net cash flow from operating activities was ¥46,279,537.69, an increase of 4,297.69% year-on-year[20]. - Cash generated from operating activities increased significantly by 4,297.69% to ¥46,279,537.69, primarily due to bill discounts and payment of goods[46]. - The total investment cash outflow for the first half of 2020 was ¥318,156,958.79, compared to ¥425,072,416.35 in the first half of 2019, showing a decrease of approximately 25.2%[155]. - The company received cash from investment recoveries amounting to ¥294,852,000.00 in the first half of 2020, down from ¥450,315,000.00 in the same period of 2019[155]. - The cash flow from financing activities resulted in a net outflow of -16,752,528.15 CNY, compared to -583,222.45 CNY in the previous period[163]. Market Expansion and Strategy - The user base reached 1.5 million, with a penetration rate of 30% in the cable television market[14]. - The company is expanding its market presence by entering three new provinces by the end of 2020[14]. - A strategic partnership with a leading technology firm was established to enhance broadband service capabilities[14]. - The company has identified potential acquisition targets to strengthen its market position in the next fiscal year[14]. - The company is focusing on the development of smart tourism solutions, with multiple projects underway, although the pandemic has impacted project timelines[42]. Research and Development - The company has a strong focus on R&D, holding 81 patents and 87 software copyrights, enhancing its competitive edge in the broadband network access market[32]. - The company reported a decrease in research and development expenses to ¥5,081,816.62 in the first half of 2020, down from ¥6,759,302.37 in the same period of 2019, reflecting a 25% reduction[150]. - The company plans to invest RMB 20 million in new product development, focusing on smart broadcasting technologies[14]. Risk Management and Challenges - The management highlighted the importance of risk management strategies in response to market volatility[5]. - The decline in revenue was primarily due to the impact of the COVID-19 pandemic on supply chains, logistics, and workforce availability[28]. - The pandemic has caused delays in project implementation and acceptance, affecting the realization of positive results in the smart tourism business[75]. - The company faced challenges in achieving planned progress and expected returns due to the pandemic's impact on operations[65]. Shareholder Information - The company will not distribute cash dividends or issue bonus shares for this fiscal year[6]. - The total number of shares is 200,000,000, with 86.22% being unrestricted shares and 13.78% being restricted shares[115]. - The largest shareholder, Yongxin County Zehong Enterprise Management Co., Ltd., holds 10.46% of the shares, totaling 20,917,750 shares[119]. - The second-largest shareholder, Jia Qing, holds 8.37% of the shares, totaling 16,734,133 shares, with 12,550,600 shares being restricted[119]. Compliance and Governance - The half-year financial report has not been audited[88]. - The company has not engaged in any significant related party transactions during the reporting period[95]. - There were no major litigation or arbitration matters during the reporting period[91]. - The company has no ongoing major environmental protection issues and complies with relevant laws[107]. Financial Reporting and Accounting - The company adheres to the accounting standards set by the Ministry of Finance, ensuring the financial statements reflect the true financial condition and operating results[182]. - The company's financial statements are prepared based on actual transactions and events, following the relevant accounting standards[179]. - The company follows a control-based approach to determine the scope of consolidation, including subsidiaries, structured entities, and separable entities[194].