Financial Performance - The company's revenue for Q1 2023 reached ¥88,685,067.01, representing a 50.20% increase compared to ¥59,045,804.84 in the same period last year[5] - Net profit attributable to shareholders was ¥2,102,242.32, a significant turnaround from a loss of ¥9,659,917.19 in the previous year, marking a 121.76% improvement[5] - The basic earnings per share increased to ¥0.0157 from a loss of ¥0.0721, reflecting a 121.78% increase[5] - Total operating revenue for the current period reached ¥88,685,067.01, a significant increase from ¥59,045,804.84 in the previous period, representing a growth of approximately 50%[17] - Net profit for the current period was ¥2,034,793.93, a turnaround from a net loss of ¥11,741,389.68 in the previous period[19] - The company reported a basic and diluted earnings per share of ¥0.0157, compared to a loss per share of ¥0.0721 in the previous period[19] - The company reported a total comprehensive income of ¥2,034,793.93, compared to a comprehensive loss of ¥11,741,389.68 in the previous period[19] Cash Flow and Liquidity - The cash flow from operating activities showed a negative net amount of ¥53,996,504.39, worsening by 84.15% compared to the previous year[5] - Cash flow from operating activities showed a net outflow of ¥53,996,504.39, worsening from a net outflow of ¥29,322,669.08 in the previous period[22] - Cash inflow from investment activities was ¥87,260,368.94, compared to ¥77,659,092.05 in the previous period, reflecting an increase of approximately 12%[22] - Cash flow from financing activities resulted in a net inflow of ¥1,366,021.22, a recovery from a net outflow of ¥45,527,647.00 in the previous period[22] - The beginning cash and cash equivalents balance was 76,030,302.31 CNY, compared to 100,107,799.53 CNY in the previous period[23] - The ending cash and cash equivalents balance increased to 27,255,681.42 CNY from 25,671,222.98 CNY[23] Assets and Liabilities - Total assets decreased by 2.89% to ¥795,430,652.53 from ¥818,412,736.40 at the end of the previous year[5] - The total assets of Wanma Technology Co., Ltd. at the end of Q1 2023 amounted to CNY 795,430,652.53, a decrease from CNY 819,140,657.74 at the beginning of the year[14] - Current assets decreased to CNY 531,925,619.84 from CNY 580,219,661.08, with cash and cash equivalents dropping from CNY 97,073,203.02 to CNY 50,755,755.34[14] - Total liabilities decreased to CNY 383,922,685.95 from CNY 409,667,485.09, with current liabilities also declining from CNY 361,913,507.46 to CNY 347,839,242.34[15] - The company's equity attributable to shareholders increased to CNY 411,475,012.44 from CNY 409,372,770.12, with retained earnings rising from CNY 103,775,185.81 to CNY 105,877,428.13[15] - The company's total liabilities and equity totaled CNY 795,430,652.53, consistent with the total assets[15] Operating Costs and Expenses - The company experienced a 38.96% increase in operating costs, totaling ¥57,137,087.19, driven by increased sales from the subsidiary[9] - Total operating costs amounted to ¥87,973,256.06, up from ¥72,108,191.93, indicating an increase of about 22%[18] - Research and development expenses decreased to ¥8,176,252.27 from ¥9,057,880.79, a reduction of about 10%[18] Other Income and Financing - Other income surged by 188.15% to ¥3,272,390.27, attributed to VAT refunds received by the subsidiary[9] - The company reported a 241.09% increase in receivables financing, amounting to ¥18,966,544.35, primarily due to higher bank notes from its subsidiary[9] Future Outlook - The company plans to continue expanding its market presence and enhancing product offerings, although specific future strategies were not detailed in the report[5] Audit Status - The first quarter report was not audited[24]

证券代码：300698 证券简称：万马科技 公告编号：2023-012 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。 万马科技股份有限公司（以下简称"公司"）2022年年度报告及摘要已于 2023年4月27日在指定信息披露网站巨潮资讯网（http://www.cninfo.com.cn） 上披露，为了让广大投资者能进一步全面地了解公司2022年年度报告和经营情 况，公司定于2023年5月9日（星期二）下午15:00-17:00在深圳证券交易所"互 动易"平台"云访谈"栏目通过网络远程的方式举行2022年度网上业绩说明会 （以下简称"本次说明会"），投资者可登陆深圳证券交易所"互动易"平台 （http://irm.cninfo.com.cn），进入"云访谈"栏目参与本次说明会。 出席本次业绩说明会的人员有：公司董事长张禾阳女士、董事会秘书姜烨 女士、财务总监吴锡群女士、独立董事宋广华先生。 为了更全面地回复投资者提问、提升交流的针对性，现就本次说明会提前 向投资者公开征集问题，广泛听取投资者的意见和建议。投资者可提前登录"互 动易"平台（http://irm. ...

证券代码：300698 证券简称：万马科技 编号：2022-001 | --- | --- | |--------------------------------------------------------|-------| | | | | 长江证券郭敬超、昌边资产周全、国信证券钱嘉隆、华安证券 | | | 陈晶、上海证券滕文飞、天风证券许俊峰、信达证券石瑜捷、 | | | 西南证券高宇洋、银河证券王思宬、中信建投杨伟松 | | 参与单位名称及 人员姓名 万马科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | |----------------|--------------------------|----------------------------| | | 特定对象调研 □分析师会议 | | | 投资者关系活动 | □媒体采访 □业绩说明会 | | | 类别 | □新闻发布会 | □路演活动 | | | □现场参观 | | | | □其他 | （请文字说明其他活动内容） | | --- | --- | |-----------------------|--------- ...

Financial Performance - Total revenue for Q3 2022 reached ¥91,909,411.05, representing a 95.30% increase year-over-year[5] - Net profit attributable to shareholders was ¥11,957,962.19, a significant increase of 1,020.77% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was ¥11,219,583.02, reflecting a 2,531.43% increase year-over-year[5] - Basic earnings per share for the period was ¥0.0892, up 1,015.00% from the previous year[5] - Net profit for the current period was ¥8,908,803.10, representing a 14.1% increase from ¥7,804,063.67 in the previous period[15] - The company reported a total profit of ¥18,771,245.40, up 47.5% from ¥12,697,158.28 in the previous period[15] - Basic and diluted earnings per share increased to ¥0.0921 from ¥0.0492 in the previous period[15] Assets and Liabilities - Total assets at the end of the period were ¥707,944,611.35, a decrease of 24.44% compared to the end of the previous year[5] - Total current assets decreased from CNY 747,350,999.86 at the beginning of the year to CNY 468,193,753.81 by September 30, 2022, a decline of approximately 37.4%[11] - Total non-current assets increased from CNY 189,544,600.26 to CNY 239,750,857.54, representing an increase of about 26.5%[11] - Total liabilities decreased from CNY 498,210,481.66 to CNY 316,835,334.25, a reduction of approximately 36.4%[12] - The company’s total equity attributable to shareholders was ¥390,944,832.28, an increase of 3.25% compared to the end of the previous year[5] - The total equity attributable to the parent company increased from CNY 378,624,554.54 to CNY 390,944,832.28, an increase of about 3.5%[12] Cash Flow - The company reported a cash flow from operating activities net amount of -¥27,696,407.02, a decrease of 35.45% year-to-date[5] - Cash flow from operating activities showed a net outflow of ¥27,696,407.02, an improvement from the previous period's outflow of ¥42,907,093.48[16] - Cash and cash equivalents at the end of the period decreased to ¥15,988,674.45 from ¥47,649,478.75 in the previous period[17] - The company experienced a net cash outflow from investing activities of ¥29,446,138.00, compared to an outflow of ¥15,778,415.09 in the previous period[16] - The company’s total cash inflow from financing activities was ¥134,133,176.08, compared to ¥112,010,000.00 in the previous period[17] Shareholder Information - The total number of common shareholders at the end of the reporting period is 8,839[9] - The top three shareholders hold a combined 51.04% of the shares, with Zhang Desheng holding 21.53%, Sheng Tao 20.28%, and Zhang Heyang 9.23%[9] Research and Development - Research and development expenses increased by 47.84% to ¥33,736,825.30, primarily due to the normal operations of subsidiaries[8] - Research and development expenses rose to ¥33,736,825.30, a significant increase of 47.8% compared to ¥22,819,097.61 in the previous period[14] Inventory and Receivables - The company reported a significant reduction in inventory from CNY 145,786,647.74 to CNY 85,711,279.57, a decrease of about 41.3%[11] - Accounts receivable decreased from CNY 395,797,898.67 to CNY 223,834,296.57, a decline of about 43.4%[11] Contract Liabilities - The company experienced a 61.09% decrease in contract liabilities, amounting to ¥26,441,590.14, due to reduced performance obligations[8] Government Subsidies - The company received government subsidies totaling ¥1,025,700.00 during the reporting period[6]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥257,189,338.64, a decrease of 0.87% compared to ¥259,434,765.10 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was ¥387,239.55, down 93.00% from ¥5,532,437.70 in the previous year[21]. - Basic earnings per share decreased by 92.98% to ¥0.0029 from ¥0.0413 in the previous year[21]. - The company reported a net profit after deducting non-recurring gains and losses of -¥1,800,231.28, a decline of 137.25% from ¥4,832,269.60 in the previous year[21]. - The total profit for the first half of 2022 was ¥1.72 million, compared to ¥11.79 million in the same period of 2021, showing a substantial decrease[150]. - The company reported a net loss of ¥2.81 million for the first half of 2022, contrasting with a net profit of ¥7.27 million in the previous year[150]. - The total comprehensive income for the first half of 2022 was -¥2.81 million, compared to ¥7.27 million in the same period of 2021, indicating a negative trend[151]. Cash Flow and Assets - The net cash flow from operating activities was -¥39,817,667.03, an improvement of 32.97% compared to -¥59,402,708.20 in the same period last year[21]. - The cash and cash equivalents net increase was -¥57,920,025.05, showing a 7.81% improvement compared to the previous year[53]. - The company's cash and cash equivalents were CNY 35,710,545.66, down from CNY 62,418,395.67, representing a decrease of about 42.8%[145]. - The ending cash and cash equivalents balance was CNY 42,187,774.48, compared to CNY 31,706,498.96 at the end of the first half of 2021[158]. - The total current assets decreased from 747,350,999.86 yuan at the beginning of the year to 550,272,463.18 yuan by June 30, 2022[141]. Market and Industry Outlook - The company anticipates that the communication equipment industry will accelerate growth due to the expansion of 5G networks and ongoing data center construction[39]. - The data center market in China is projected to grow at an annual rate of 20% through 2023, driven by the "East Data West Computing" initiative and increasing demand for green and intelligent data centers[38]. - The company reported that as of mid-2022, there were 1.854 million 5G base stations built in China, with expectations to exceed 2 million by the end of the year, indicating significant growth potential in the 5G infrastructure market[37]. - In the first half of 2022, domestic sales of new energy passenger vehicles reached 2.247 million units, a year-on-year increase of 122.4%, indicating a strong market for connected vehicle services[40]. - The global IoT market is expected to exceed 1.5 trillion yuan by 2025, reflecting the rapid growth of connected vehicle technologies[40]. Research and Development - Research and development investment increased by 73.57% to ¥21,949,936.44, primarily due to the previous year's limited R&D activities during the establishment of Youka Technology[53]. - The company has over 100 R&D personnel and holds more than 200 patents, enhancing its market competitiveness[49]. - The company is focusing on innovation in 5G C-V2X technology and edge computing to enhance its smart automotive networking services[43]. - The company plans to continue focusing on R&D in 5G communication, medical information technology, and vehicle networking to enhance its core competitiveness[57]. Risks and Challenges - The company faces risks including market demand fluctuations, supply chain instability due to the pandemic, and potential talent loss in technology development[4]. - Raw material prices have been rising due to the pandemic and other international factors, significantly impacting production costs and profit margins[81]. - The company faces risks from market demand fluctuations and competition, particularly in the telecommunications sector, which could significantly affect its operating performance[79]. - The company has reduced the impact of the pandemic on operations, with supply chains stabilizing, but uncertainties remain regarding future outbreaks[80]. - The company faces risks related to the loss of technical talent, which is critical for maintaining competitive advantages in a technology-intensive industry[80]. Corporate Governance and Shareholder Information - The company has not distributed cash dividends or issued bonus shares[5]. - There were no changes in the board of directors or senior management during the reporting period[87]. - The company emphasizes social responsibility and aims to balance economic and social benefits while improving corporate governance and transparency[93]. - The total number of ordinary shareholders at the end of the reporting period is 12,025[129]. - The largest shareholder, Zhang Desheng, holds 21.53% of the shares, totaling 28,843,500 shares[129]. Financial Position and Equity - Total assets at the end of the reporting period were ¥779,559,193.95, a decrease of 16.79% from ¥936,895,600.12 at the end of the previous year[21]. - The total equity attributable to shareholders at the end of the reporting period was 1,134,161,000.00 yuan, showing an increase compared to the previous period[165]. - The total liabilities of the company remain stable, indicating effective management of financial obligations[169]. - The company has maintained a consistent capital structure with no new equity financing reported during the first half of 2022[173].

Financial Performance - The company's revenue for Q1 2022 was ¥59,045,804.84, a decrease of 12.29% compared to ¥67,319,455.29 in the same period last year[2] - The net profit attributable to shareholders was -¥9,659,917.19, showing an improvement of 5.86% from -¥10,261,139.43 year-on-year[2] - The net cash flow from operating activities improved by 43.05%, reaching -¥29,322,669.08 compared to -¥51,490,341.80 in the previous year[2] - Total operating revenue for the current period is $59,045,804.84, down from $67,319,455.29 in the previous period, representing a decrease of approximately 12.5%[18] - Net profit for the current period is -$11,741,389.68, compared to -$11,647,781.15 in the previous period, indicating a slight increase in losses[20] - The total comprehensive loss for the current period is -$11,741,389.68, compared to -$11,647,781.15 in the previous period[20] - The company reported a basic and diluted earnings per share of -$0.0721, slightly improved from -$0.0766 in the previous period[20] Assets and Liabilities - Total assets decreased by 2.73% to ¥911,358,838.18 from ¥936,895,600.12 at the end of the previous year[2] - Current assets decreased from ¥747,350,999.86 to ¥720,024,013.01, reflecting a decline of approximately 3.9%[14] - Cash and cash equivalents decreased significantly from ¥136,319,308.27 to ¥74,552,517.62, a drop of about 45.5%[14] - Accounts receivable decreased from ¥395,797,898.67 to ¥366,741,274.69, a reduction of approximately 7.3%[14] - Total liabilities decreased from ¥498,210,481.66 to ¥484,415,109.40, a decline of approximately 2.4%[16] - The company's equity attributable to shareholders decreased from ¥378,624,554.54 to ¥368,964,637.35, a decrease of about 2.2%[16] - The total number of restricted shares at the end of the period was 10,429,057, with 24,157,266 shares released during the period[11] Cash Flow - Cash flow from operating activities shows a net outflow of -$29,322,669.08, an improvement from -$51,490,341.80 in the previous period[23] - Cash flow from investing activities generated a net inflow of $425,941.10, compared to a net outflow of -$12,330,407.45 in the previous period[24] - Cash flow from financing activities resulted in a net outflow of -$45,527,647.00, contrasting with a net inflow of $3,700,443.51 in the previous period[24] - The ending balance of cash and cash equivalents is $25,671,222.98, down from $34,409,673.64 in the previous period[24] Research and Development - The company's R&D expenses increased by 90.17% to ¥9,057,880.79, reflecting a focus on innovation and development[6] - Research and development expenses increased significantly to $9,057,880.79 from $4,763,084.90, marking an increase of approximately 90.5%[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 10,057[8] - The top shareholder, Zhang Desheng, holds 21.53% of the shares, amounting to 28,843,500 shares[8] Inventory Management - The company reported a significant increase in inventory by 32.21%, amounting to ¥192,744,268.00, due to increased stock for ongoing projects[5] - Inventory increased from ¥145,786,647.74 to ¥192,744,268.00, representing an increase of about 32.2%[14] Equity and Returns - The weighted average return on equity improved slightly to -2.58% from -2.78% year-on-year[2] - The company reported a significant reduction in short-term borrowings from ¥89,606,089.58 to ¥80,112,520.00, a decrease of approximately 17.3%[15] - The company’s non-current assets increased slightly from ¥189,544,600.26 to ¥191,334,825.17, an increase of about 0.9%[15]

Financial Performance - The company's operating revenue for 2021 was ¥498,224,117.28, representing a 3.36% increase compared to ¥482,026,133.69 in 2020[17]. - The net profit attributable to shareholders for 2021 was ¥4,059,668.29, a significant turnaround from a loss of ¥10,606,991.59 in 2020, marking a 138.27% increase[17]. - The net profit after deducting non-recurring gains and losses was ¥1,733,746.57, improving by 113.21% from a loss of ¥13,120,935.56 in the previous year[17]. - The net cash flow from operating activities reached ¥1,802,842.64, a substantial recovery from a negative cash flow of ¥15,349,732.12 in 2020, reflecting an increase of 111.75%[17]. - The total assets of the company at the end of 2021 were ¥936,895,600.12, which is a 23.26% increase from ¥760,111,014.23 at the end of 2020[17]. - The net assets attributable to shareholders increased by 1.08% to ¥378,624,554.54 from ¥374,564,886.25 in 2020[17]. - The basic earnings per share for 2021 were ¥0.03, a recovery from a loss of ¥0.080 per share in 2020, representing a 137.50% increase[17]. - The weighted average return on equity was 1.08%, up from -2.79% in the previous year, indicating improved profitability[17]. Revenue Breakdown - Revenue from the communication industry accounted for 64.57% of total revenue, totaling ¥321,698,821.62, a slight decrease of 0.97% year-over-year[46]. - The medical industry revenue dropped significantly by 28.56% to ¥112,285,473.85, down from ¥157,183,552.22 in the previous year[46]. - The Internet of Vehicles segment saw a remarkable increase, generating ¥50,322,239.73 in revenue, marking a 100% growth as it was not present in the previous year[46]. - Revenue from ODN and cabinet products was ¥99,604,626.68, a decrease of 4.53% compared to ¥104,334,810.69 in 2020[46]. - The gross margin for the communication industry was 20.92%, with a slight increase of 0.03% from the previous year[48]. Cash Flow and Investments - The company reported a total investment cash inflow of approximately 666.06 million, an increase of 8.71% from the previous year[67]. - The net cash flow from investment activities decreased by 33.30% to approximately 37.33 million[68]. - The total amount of accounts receivable increased to approximately 395.80 million, representing 42.25% of total assets, up from 35.32% the previous year[72]. - The company's cash and cash equivalents increased to approximately 136.32 million, accounting for 14.55% of total assets, up from 13.74%[72]. - The company reported a significant increase in investment income, contributing approximately 2.13 million, which accounted for 48.48% of total profit[70]. Research and Development - The company has a strong R&D team with over 100 personnel and holds 242 patents and 108 software copyrights, enhancing its competitive edge in the market[39]. - Research and development expenses increased by 34.16% to ¥34,389,195.99, driven by the new business operations of the subsidiary Shanghai Youka[60]. - The number of R&D personnel increased to 186 in 2021, a growth of 106.67% compared to 90 in 2020[63]. - R&D expenditure amounted to approximately ¥34.39 million in 2021, representing 6.90% of total operating revenue, up from 5.32% in 2020[64]. - The company is focused on maintaining a strong governance structure with independent directors from various academic and professional backgrounds[113]. Market and Industry Trends - The communication industry is experiencing growth driven by the ongoing 5G construction, with over 1.425 million base stations established in China as of now[27]. - The "East Data West Computing" initiative is expected to drive demand for data centers, with the market size projected to reach approximately 320.05 billion by 2022, growing at a compound annual growth rate of 27.0%[28]. - The global connected vehicle market is anticipated to exceed 1.5 trillion by 2025, indicating significant growth opportunities in the vehicle networking technology service sector[29]. - The healthcare information technology sector is expected to benefit from increased government investment in medical infrastructure, enhancing demand for medical information products[31]. Corporate Governance - The company has established a governance structure compliant with relevant laws and regulations[105]. - The board of directors includes a mix of executive and independent members, ensuring diverse oversight[108]. - The company maintains a transparent information disclosure process to protect the rights of minority investors[103]. - The company conducts regular shareholder meetings, ensuring compliance with legal requirements and providing equal opportunities for all shareholders[101]. - The company has a clear governance framework that supports its operational independence and strategic decision-making[105]. Risks and Challenges - The company faces risks including market demand fluctuations, competition, and potential operational risks due to the pandemic[4]. - The ongoing global pandemic poses operational risks, although impacts have been decreasing[94]. - The company faces risks related to the high proportion of raw materials in operating costs, which may impact profitability due to price fluctuations[95]. - The company plans to optimize inventory management and maintain stable relationships with key suppliers to mitigate the impact of raw material price volatility[95]. Future Plans and Strategies - The company plans to continue enhancing R&D capabilities, expanding sales channels, and exploring profitable cooperation projects for future growth[43]. - The company aims to expand its services in the medical information technology sector by leveraging existing channels and brand advantages[91]. - The company is focusing on the development of vehicle networking services, emphasizing high bandwidth, real-time, and secure connections[91]. - The company plans to enhance the management of raised funds to improve efficiency and ensure alignment with its future development strategy[155]. - The company aims to ensure that profit distribution aligns with the interests of all shareholders, particularly minority shareholders[158].

Financial Performance - The company's operating revenue for Q3 2021 was ¥47,060,886.25, a decrease of 65.51% compared to the same period last year[2] - The net profit attributable to shareholders was ¥1,066,940.46, down 45.33% year-on-year, while the net profit for the year-to-date increased by 162.55% to ¥6,599,378.16[2] - The basic earnings per share for Q3 2021 was ¥0.0080, a decrease of 45.21% compared to the same period last year[2] - The company's net profit for the period was ¥7,804,063.67, a 193.50% increase compared to the previous year, attributed to the profitability of its subsidiary[7] - The net profit for Q3 2021 was ¥7,804,063.67, a significant recovery from a net loss of ¥8,346,956.40 in the same period last year, marking a turnaround of approximately 193.5%[20] - The total profit for the period was ¥12,697,158.28, compared to a loss of ¥9,171,061.09 in the previous year, indicating a recovery of around 238.5%[21] - Basic and diluted earnings per share were both ¥0.0492, a recovery from a loss per share of ¥0.0787 in the same quarter last year[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥842,449,376.74, representing a 10.83% increase from the end of the previous year[2] - Total assets as of September 30, 2021, were RMB 842,449,376.74, compared to RMB 760,111,014.23 at the end of 2020, an increase of 10.8%[17] - The company's total liabilities increased significantly, with accounts payable rising by 45.80% to ¥193,897,908.86, mainly due to purchases of intellectual property and customized equipment[6] - Total liabilities rose to RMB 398,837,417.18 from RMB 324,303,118.34, indicating an increase of 23.0%[17] - The total equity attributable to shareholders reached RMB 381,164,264.41, compared to RMB 374,564,886.25 at the end of 2020, an increase of 1.9%[17] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥42,907,093.48, a decrease of 42.86% year-to-date[2] - The net cash flow from operating activities was negative at -¥42,907,093.48, worsening from -¥30,033,532.51 in Q3 2020[23] - Cash and cash equivalents decreased to RMB 54,383,277.37 from RMB 104,446,752.95 at the end of 2020, representing a decline of 48.0%[15] - Cash and cash equivalents at the end of the period stood at ¥47,649,478.75, compared to ¥33,003,114.64 at the end of Q3 2020, showing an increase of approximately 44.6%[24] - The company reported a total cash inflow from investment activities of ¥532,801,870.34, up from ¥382,484,256.41 in the previous year, indicating a growth of about 39.3%[24] - The cash flow from financing activities yielded a net inflow of ¥10,812,353.98, a recovery from a net outflow of -¥755,102.51 in Q3 2020[24] Research and Development - Research and development expenses for the quarter amounted to ¥22,819,097.61, an increase of 41.39% compared to the previous period[7] - Research and development expenses increased to ¥22,819,097.61 from ¥16,138,985.19, representing a rise of approximately 41.5% year-over-year[20] Inventory and Accounts Receivable - The company reported a significant increase in inventory, which rose by 110.33% to ¥167,980,444.13, primarily due to project completion expected in Q4[6] - Inventory surged to RMB 167,980,444.13, up from RMB 79,864,511.20, marking a significant increase of 110.0%[15] - Accounts receivable increased to RMB 297,365,187.98 from RMB 268,455,527.41, reflecting a growth of 10.8%[15] Market Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[19]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥259,434,765.10, representing an increase of 86.54% compared to ¥139,074,068.51 in the same period last year[20]. - The net profit attributable to shareholders of the listed company reached ¥5,532,437.70, a significant turnaround from a loss of ¥12,502,236.64 in the previous year, marking a growth of 144.25%[20]. - The net profit after deducting non-recurring gains and losses was ¥4,832,269.60, compared to a loss of ¥13,640,464.73 in the same period last year, reflecting a growth of 135.43%[20]. - The basic earnings per share increased to ¥0.0413 from a loss of ¥0.0933, showing an improvement of 144.27%[20]. - The company's revenue for the reporting period reached ¥259,434,765.10, representing an increase of 86.54% compared to ¥139,074,068.51 in the same period last year[42]. - The company reported a significant increase in financing cash flow, which rose by 751.46% to 31,655,278.51 CNY, attributed to increased borrowings during the reporting period[46]. - The total comprehensive income for the first half of 2021 was -12,502,000, indicating a decrease compared to the previous period[159]. Assets and Liabilities - The total assets at the end of the reporting period were ¥797,606,458.74, up 4.93% from ¥760,111,014.23 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company increased to ¥380,097,323.95, a rise of 1.48% from ¥374,564,886.25 at the end of the previous year[20]. - The company's total liabilities rose to CNY 354,533,512.03 from CNY 324,303,118.34, indicating an increase of about 9.5%[132]. - The total liabilities at the end of the reporting period were 222,000,000, indicating a decrease of 4.05% compared to the previous year[161]. Cash Flow - The net cash flow from operating activities improved to -¥59,402,708.20, a 16.33% improvement from -¥70,997,248.14 in the same period last year[20]. - The total cash flow from operating activities was negative at ¥59,402,708.20 for the first half of 2021, an improvement from negative ¥70,997,248.14 in the first half of 2020[148]. - Cash and cash equivalents decreased significantly from CNY 104,446,752.95 at the end of 2020 to CNY 42,348,660.99, a decline of about 59.5%[130]. - The ending balance of cash and cash equivalents decreased to 25,259,208.84 CNY from 48,039,519.97 CNY year-over-year, a decline of approximately 47.4%[152]. Research and Development - Research and development expenses increased by 26.96% to 12,645,979.70 CNY, reflecting the company's commitment to enhancing its core competitiveness in 5G communication and medical information technology[47]. - The company holds over 100 patents and software copyrights, emphasizing its strong technological and R&D capabilities in the communication equipment sector[39]. - The company has committed investments totaling 16,848 million, with 10,450 million already utilized, achieving a utilization rate of 62%[58]. Market and Industry Outlook - The communication equipment manufacturing industry is expected to grow significantly due to the expansion of 5G networks and related technologies[32]. - The medical information technology sector is experiencing rapid growth as hospitals increasingly adopt information systems to enhance service quality[32]. - The vehicle networking industry is evolving with increasing demand for high-quality services, driven by the integration of 5G technology[33]. Strategic Plans and Risks - The company aims to expand its new business sectors and explore new profit growth points while maintaining steady development of existing operations[31]. - The company faces risks including market demand fluctuations, supply chain instability due to the pandemic, and potential talent loss in technology development[6]. - The company plans to maintain its existing scale while focusing on technology research and development to ensure product advancement and service quality[70]. Shareholder Information - The total number of shareholders at the end of the reporting period was 10,132, with significant shareholders including Zhang De Sheng holding 21.53% and Zhang He Yang holding 9.23%[116]. - The total number of shares increased from 134,000,000 to 134,000,000, with limited sale shares rising from 25,157,598 (18.77%) to 34,428,723 (25.69%) and unrestricted shares decreasing from 108,842,402 (81.23%) to 99,571,277 (74.31%) [112]. - The company has a limit on the number of shares that executives can sell, with a maximum of 25% of their total holdings allowed to be sold each year [114]. Governance and Compliance - The company has established a comprehensive governance structure and improved internal management systems to enhance operational standards and protect shareholder rights[82]. - The company has not encountered any changes in the fundraising project situation during the reporting period[61]. - The company has not faced any environmental penalties during the reporting period and complies with environmental protection regulations[81].

Financial Performance - The company reported a net loss for 2020, primarily due to the impact of the COVID-19 pandemic, with significant business disruptions in the data center segment located in Wuhan[5]. - The company's operating revenue for 2020 was ¥482,026,133.69, representing a 2.75% increase compared to ¥469,135,056.56 in 2019[18]. - The net profit attributable to shareholders was -¥10,606,991.59 in 2020, a decrease of 368.98% from ¥3,943,469.76 in 2019[18]. - The net cash flow from operating activities was -¥15,349,732.12, down 274.21% from ¥8,811,020.02 in 2019[18]. - The total assets at the end of 2020 were ¥760,111,014.23, a decrease of 2.25% from ¥777,591,259.35 at the end of 2019[18]. - The company reported a basic earnings per share of -¥0.08 for 2020, compared to ¥0.03 in 2019, reflecting a decline of 366.67%[18]. - The company’s weighted average return on equity was -2.79% in 2020, down from 1.03% in 2019[18]. - The company’s revenue in the fourth quarter of 2020 was ¥206,485,833.40, contributing significantly to the annual total[20]. - The company’s net profit attributable to shareholders in the third quarter of 2020 was ¥1,951,424.61, indicating a brief recovery during that period[20]. Business Segments and Growth - The telecommunications segment faced intense competition, leading to a decline in market share and gross profit, contributing to the overall revenue decrease[5]. - The medical segment is still in the investment phase, resulting in minimal profits, but the company expects better performance as business scales up[5]. - Future growth is anticipated in the medical information and data center segments as the company expands its business operations[5]. - The transition from 4G to 5G is expected to accelerate, providing future growth momentum for the telecommunications industry[5]. - The company emphasizes the importance of exploring and expanding its medical information and data center business to ensure future revenue and profit levels[5]. - The company plans to increase investment in research and development and expand its product offerings to seek new profit growth points[31]. - The company is focusing on expanding its medical information technology products, which are in the accelerated cultivation phase, with significant investment in sales network expansion and new product development[31][39]. Risk Factors - The company acknowledges risks related to market demand fluctuations, supply chain instability due to the pandemic, and competition in technology development[6]. - Market demand fluctuations and competition risks significantly impact the company's performance, heavily reliant on the investment cycles of major telecom operators[88]. - The pandemic has caused supply chain instability, affecting procurement and demand, although impacts have lessened as the domestic situation improves[88]. - The company faces risks related to technology talent retention, as the industry requires constant upgrades and skilled personnel to maintain competitive advantages[89]. - Raw material price fluctuations pose a risk to operating costs, as the company’s main materials constitute a significant portion of its expenses[90]. Investment and R&D - The company has established a strong technical and manufacturing advantage, holding 108 patents and 15 software copyrights[33][34]. - Research and development expenses rose by 54.08% to ¥25,633,454.43, representing 5.32% of total revenue, up from 3.55% in 2019[60]. - The company aims to increase R&D investment and product innovation, focusing on expanding its market share in communication and information technology equipment[85]. - The company plans to enhance its service capabilities in the medical information technology sector, targeting both new and existing medical institutions for information system upgrades[86]. Shareholder and Governance - The company will not distribute cash dividends, issue bonus shares, or convert reserves into share capital for the year[7]. - The company has committed to strictly executing its profit distribution and cash dividend policies to ensure shareholder returns, particularly for minority shareholders[105]. - The company plans to actively return profits to shareholders in accordance with profit distribution conditions, mitigating the dilution of immediate returns from the public offering[105]. - The company has established a fundraising management system to ensure that raised funds are effectively utilized according to their intended purposes[104]. - The company will ensure compliance with relevant laws and regulations regarding stock repurchase and price stabilization measures[102]. Market Presence and Strategy - The company is actively exploring new business models and partnerships to enhance profitability[39]. - The company is focusing on expanding its marketing network and exploring emerging markets to increase market share[40]. - The company plans to enhance its digital marketing strategy, aiming for a 40% increase in online sales channels[165]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share within the next two years[165]. Employee and Management - The total number of employees in the company is 582, with 477 in the parent company and 105 in major subsidiaries[171]. - The company emphasizes talent development through regular and ad-hoc training programs to enhance employee skills and capabilities[174]. - The company has a diverse professional composition, including production, sales, technical, financial, and administrative personnel[171]. - The company has established a performance-based incentive mechanism for senior management, linking compensation to performance evaluations[188]. Compliance and Internal Control - The company has maintained a robust internal control system with no identified major deficiencies, reflecting strong governance practices[189]. - The audit opinion issued was a standard unqualified opinion, affirming that the financial statements fairly reflect the company's financial position as of December 31, 2020[194]. - The company has established a commitment to compensate investors for any losses incurred due to unfulfilled commitments[106].