Group 1: Company Overview - Zhihai Technology is primarily engaged in the research, development, production, sales, and service of intelligent storage and delivery solutions, with key products including smart parcel lockers and automatic storage cabinets [3]. Group 2: Business Strategy - The company will continue to focus on smart parcel lockers and automatic storage cabinets, leveraging its advantages in technology, marketing, and quality to enhance its core competitiveness in the industry [3]. - Future plans include increasing R&D investment to explore and develop new products [3][4]. Group 3: Impact of External Factors - The U.S.-China trade war has affected the company's exports to the U.S. In early 2019, the company established a subsidiary in Vietnam to mitigate this impact [3]. - The company plans to intensify efforts in expanding into other overseas markets [3]. Group 4: Financial Performance - The company's gross profit margin remains above the industry average, partly due to an increase in overseas sales revenue in 2018 [4].

证券代码：300771 证券简称：智莱科技 公告编号：2022-063 深圳市智莱科技股份有限公司 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。 深圳市智莱科技股份有限公司 2022 年第三季度报告 重要内容提示： 1 深圳市智莱科技股份有限公司 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 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 公司是否需追溯调整或重述以前年度会计数据 是 □否 追溯调整或重述原因 深圳市智莱科技股份有限公司 2022 年第三季度报告 | 项目 | 本报告期金额 | 年初至报告期期末金额 | 说明 | | --- | --- | --- | --- | | 非流动资产处置损益（包括 | | | | | 已计提资产减值准备的冲销 ...

Financial Performance - The company's operating revenue for the reporting period reached ¥607,156,373.96, representing a 10.67% increase compared to the same period last year[30]. - Net profit attributable to shareholders was ¥132,099,316.68, marking a significant increase of 186.25% year-on-year[30]. - The net profit after deducting non-recurring gains and losses was ¥129,347,165.61, reflecting a 212.39% increase compared to the previous year[30]. - Basic earnings per share increased to ¥0.55, up 189.47% from ¥0.29 in the same period last year[30]. - The company's total revenue for the first half of 2022 was 24,514 million, representing a 100% increase compared to the previous period[68]. - The company reported a total revenue of 1.5 billion RMB for the first half of 2022, representing a year-on-year growth of 20%[126]. - The company reported a revenue increase of 25% year-over-year for the first half of 2022[112]. - The company achieved a total revenue of 2.9 billion yuan in the first half of 2022, compared to 2.6 billion yuan in the same period last year[80]. Cash Flow and Assets - The net cash flow from operating activities was ¥220,588,922.56, a remarkable improvement of 885.62% from the previous year[30]. - The net increase in cash and cash equivalents was CNY 377,571,673.84, a 706.59% increase year-on-year, driven by improved cash flow from operating and financing activities[1]. - Total assets at the end of the reporting period were ¥2,361,948,681.20, a 1.87% increase from the end of the previous year[30]. - The company's total assets included cash and cash equivalents of CNY 1,332,925,500, accounting for 56.43% of total assets, an increase from 49.84% at the end of the previous year[54]. - Accounts receivable decreased by 40.93% to CNY 93,885,412.80, attributed to the recovery of receivables during the reporting period[54]. - The company reported a significant increase in financing cash flow, with a net cash flow of CNY 167,872,449.15, a 492.47% increase compared to the previous year[1]. Market and Competitive Landscape - The company operates in the smart custody and delivery solutions sector, which is experiencing steady growth due to the rise of e-commerce and logistics industries[38]. - The company is under pressure from increasing competition in the smart parcel locker market, necessitating continuous improvement in product quality and innovation[5]. - The company is exposed to customer concentration risk, with a significant portion of revenue coming from a few large operators[7]. - The company anticipates potential impacts on performance due to macroeconomic downturns affecting the e-commerce and express delivery sectors[4]. - The smart parcel locker industry is in a favorable economic cycle, driven by the demand for contactless delivery solutions amid the pandemic[39]. Research and Development - The company invested ¥32,080,800 in R&D during the first half of 2022, a decrease of 31.44% compared to the same period last year[45]. - The company has established a total of 23 invention patents, 275 utility model patents, 98 design patents, and 184 software copyrights, indicating a steady growth in intellectual property[45]. - Research and development expenses decreased by 31.44% to CNY 32,080,834.28, reflecting the company's focus on cost reduction and efficiency improvement[1]. - The company is committed to ongoing research and development of new technologies to drive future growth[75]. Strategic Initiatives - The company plans to expand its production capacity by an additional 80,000 units annually, with a focus on smart parcel lockers[68]. - The company is exploring potential mergers and acquisitions to enhance its market position and operational capabilities[75]. - The company aims to enhance investor protection and improve the efficiency of raised fund usage through strict management practices[65]. - The company is focusing on expanding its market presence and enhancing product offerings in the upcoming fiscal year[75]. Risk Management - The company faces risks from rising raw material prices, which could impact cash flow and profit margins if costs cannot be passed on to customers[8]. - The company has established a robust internal risk control system to enhance governance and decision-making transparency[101]. - The company has not engaged in derivative investments or entrusted loans during the reporting period[84][85]. Shareholder and Governance - The company has committed to not transferring or entrusting shares for 36 months following its initial public offering[105]. - The company has fulfilled its shareholding lock-up commitments as per regulations[106]. - The total number of ordinary shareholders at the end of the reporting period is 17,286[190]. - The largest shareholder, Gan Deyi, holds 20.86% of the shares, totaling 50,058,000 shares[190]. Future Outlook - The company provided a positive outlook for the second half of 2022, projecting a revenue growth of 20% to 30%[109]. - Future guidance includes a focus on enhancing shareholder value through strategic investments and maintaining a strong balance sheet[153]. - The company expects a revenue growth forecast of 15% for the second half of 2022, projecting total revenue to reach approximately 1.75 billion RMB[128].

Financial Performance - The company's revenue for Q1 2022 was CNY 311,005,554.92, representing a 9.05% increase compared to CNY 285,189,795.87 in the same period last year[4] - Net profit attributable to shareholders was CNY 41,281,844.30, up 4.57% from CNY 39,478,236.55 year-on-year[4] - Basic earnings per share increased to CNY 0.26, a rise of 4.00% from CNY 0.25 in the same quarter last year[5] - Operating profit for the current period was ¥51,895,244.89, representing an increase of 11.4% from ¥46,674,071.65 in the previous period[24] - Net profit for the current period was ¥40,833,896.25, a rise of 3.5% compared to ¥39,460,806.32 in the prior period[24] Cash Flow - The net cash flow from operating activities reached CNY 113,473,775.02, a significant increase of 303.67% compared to a negative cash flow of CNY -55,714,890.67 in the previous year[12] - Cash flow from operating activities generated a net amount of ¥113,473,775.02, a significant improvement from a negative cash flow of -¥55,714,890.67 in the prior period[28] - The net cash flow from financing activities increased by 140.32% to CNY 59,700,277.77, up from CNY 24,841,701.39 in the previous year[13] - Financing activities generated a net cash inflow of ¥59,700,277.77, compared to ¥24,841,701.39 in the previous period[29] Assets and Liabilities - Total assets as of March 31, 2022, were CNY 2,368,012,547.95, reflecting a 2.13% increase from CNY 2,318,564,220.64 at the end of the previous year[5] - Total liabilities stood at CNY 455,912,267.63, up from CNY 446,396,751.63, indicating a rise of about 1.1%[21] - The company's total equity reached CNY 1,912,100,280.32, compared to CNY 1,872,167,469.01 at the start of the year, marking an increase of approximately 2.4%[21] - Cash and cash equivalents increased to CNY 1,234,826,977.77 from CNY 1,155,528,186.37, reflecting a growth of approximately 6.0%[19] Expenses - The company experienced a 50.94% decrease in selling expenses, which fell to CNY 18,472,526.80 from CNY 37,654,962.54 year-on-year[11] - Financial expenses showed a significant change, with a decrease of 174.20%, resulting in CNY 6,750,049.19 compared to a gain of CNY -9,096,829.68 in the previous year[11] - Total operating costs amounted to ¥264,284,042.63, up 10.8% from ¥238,520,670.54 in the prior period[23] - Tax expenses for the current period were ¥11,119,663.93, an increase from ¥7,209,739.49 in the prior period[24] Shareholder Information - The company reported a total of 14,441 common shareholders at the end of the reporting period[15] - The top two shareholders, Gan Deyi and Nanping Jiexing Shun Investment, hold 20.86% and 20.18% of shares, respectively[15] - The total number of shares held by the top ten shareholders accounts for a significant portion of the company's equity[15] Other Information - The company reported a 121.85% increase in contract liabilities, rising to CNY 52,405,179.24 from CNY 23,622,412.58[9] - The company’s investment income decreased by 70.52%, amounting to CNY 54,994.72 compared to CNY 186,571.24 in the same period last year[11] - Inventory decreased to CNY 347,991,207.97 from CNY 392,948,339.91, representing a decline of about 11.4%[19] - Accounts receivable decreased to CNY 103,216,690.42 from CNY 158,939,461.51, a reduction of approximately 35.1%[19] - The company has not reported any new strategies or product developments in this quarter[17] - The first quarter report of Shenzhen Zhilai Technology Co., Ltd. is unaudited[30]

Financial Performance - The company's operating revenue for 2021 was CNY 1,257,891,243.35, representing a 22.34% increase compared to CNY 1,028,183,929.29 in 2020[19]. - The net profit attributable to shareholders for 2021 was CNY 169,143,803.18, a decrease of 29.36% from CNY 239,451,231.60 in 2020[19]. - The net cash flow from operating activities decreased by 78.10% to CNY 59,587,145.07 in 2021, down from CNY 272,124,161.72 in 2020[19]. - Basic earnings per share for 2021 were CNY 1.06, down 29.33% from CNY 1.50 in 2020[19]. - Total assets at the end of 2021 were CNY 2,318,564,220.64, an increase of 15.07% from CNY 2,014,887,513.29 at the end of 2020[19]. - The company's net assets attributable to shareholders increased by 5.65% to CNY 1,872,635,312.43 at the end of 2021, compared to CNY 1,772,553,082.68 at the end of 2020[19]. - The company reported a total of CNY 6,451,376.42 in non-recurring gains and losses for 2021, down from CNY 16,638,126.38 in 2020[24]. - The company experienced a significant decline in net profit margin, with a weighted average return on equity of 9.34% in 2021, down from 14.32% in 2020[19]. - The company achieved operating revenue of 1,257.89 million yuan, a year-on-year increase of 22.34%, and a net profit of 168.11 million yuan, a year-on-year decrease of 29.78%[34]. - The company reported a revenue increase of 15% year-over-year, reaching 1.2 billion RMB in the latest fiscal year[108]. - The company reported a total revenue of 1.5 billion RMB for the fiscal year 2021, representing a year-over-year growth of 20%[154]. Market and Sales - The company reported overseas sales revenue of 751.43 million yuan, accounting for 62.45% of total operating income, with foreign exchange losses due to fluctuations amounting to 11.55 million yuan[5]. - Domestic sales revenue was 451.84 million yuan, representing 37.55% of total revenue, with a year-on-year increase of 41.40%[39]. - The company anticipates continued growth in the smart parcel locker market, driven by the expansion of e-commerce and logistics sectors globally[4]. - The company aims to maintain stable growth in overseas sales revenue as a key focus for 2022, with an emphasis on expanding into new overseas markets[81]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share within the next two years[108]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share in the region by 2023[158]. - The company is expanding its market presence in Southeast Asia, targeting a 15% market share within the next two years[180]. Research and Development - The company invested 93.92 million yuan in R&D, a year-on-year increase of 33.96%, accounting for 7.47% of total revenue[39]. - The company has a total of 467 intellectual property rights, including 19 invention patents, 191 utility model patents, 89 design patents, and 168 software copyrights[40]. - Research and development expenses increased by 30%, amounting to 150 million RMB, to enhance product innovation[108]. - The company plans to invest 200 million RMB in R&D for new technologies aimed at enhancing user experience and product functionality[173]. - The company is investing heavily in R&D, with an allocation of 200 million yuan for the development of new technologies and products in 2022[187]. - The company plans to focus on the R&D of new products such as unmanned vehicles, disinfection products, and RFID cabinets, ensuring continuous optimization and necessary upgrades of existing products[83]. Risks and Challenges - The company faces risks from rising raw material prices, which could impact cash flow and profit margins if costs cannot be passed on to customers[5]. - The company is exposed to customer concentration risk, with a significant portion of revenue derived from a few large clients, which could adversely affect performance if these clients reduce orders[5]. - The company acknowledges potential impacts from macroeconomic downturns and pandemic-related disruptions on demand for smart parcel lockers[4]. - The company faces risks from downstream industry downturns, particularly in the express delivery sector, which could lead to reduced demand for smart parcel lockers[84]. - The company is proactively managing raw material price increase risks through strategic material reserves and hedging in the futures market[87]. Corporate Governance - The company held 2 shareholder meetings during the reporting period, including 1 annual and 1 extraordinary meeting, with participation rates of 66.35% and 59.12% respectively[99]. - The board of directors consists of 9 members, including 6 non-independent directors and 3 independent directors, complying with legal requirements[94]. - The company maintains independence from its controlling shareholders in terms of assets, personnel, finance, organization, and business operations[97]. - The company has established a complete and independent financial accounting system, with separate bank accounts and independent tax obligations[98]. - The company has established a robust internal control system to enhance management levels continuously[93]. - The company has committed to ensuring the accuracy, completeness, and timeliness of its IPO documentation and will assume legal responsibilities for any discrepancies[196]. Future Outlook - The company provided a future outlook with a revenue guidance of 1.5 billion RMB for the next fiscal year, representing a 25% increase[108]. - The company provided guidance for the next fiscal year, projecting a revenue growth of 20% to reach approximately 1.8 billion RMB[191]. - The company plans to implement cost-cutting measures aimed at reducing operational expenses by 10% in the upcoming fiscal year[176]. - The company plans to implement cost reduction and efficiency improvement measures in production, including the introduction of highly automated equipment to lower labor costs and enhance product quality[83]. - The company aims to improve operational efficiency, targeting a 5% reduction in costs by the end of the next fiscal year[108]. Employee and Social Responsibility - The total remuneration for the current directors, supervisors, and senior management in 2021 amounted to CNY 4.9995 million[116]. - The company has implemented a performance evaluation system to enhance employee motivation and satisfaction[129]. - The company emphasizes employee training and development, offering personalized training programs to enhance work quality and efficiency[144]. - Employee benefits include mandatory social insurance and additional perks such as meal allowances and holiday bonuses[144]. - The company actively engages in tax compliance and contributes to national revenue while promoting employment through public recruitment[144]. Strategic Initiatives - The company has established subsidiaries in various regions, including the United States and Vietnam, to enhance market presence and product export capabilities[12]. - The company is exploring operational models through its subsidiary, focusing on self-service electronic lockers and other customized interactive devices[32]. - The company completed a strategic acquisition of a local tech firm for 500 million RMB, aimed at bolstering its product offerings and market reach[182]. - A new strategic partnership was announced, expected to generate an additional 100 million RMB in revenue over the next year[108].

Financial Performance - The company's revenue for Q3 2021 was ¥284,514,370.21, a decrease of 10.37% compared to the same period last year[3] - Net profit attributable to shareholders was ¥32,757,418.42, down 62.05% year-on-year[3] - Total operating revenue for Q3 2021 was CNY 833,135,079.40, an increase of 4.4% compared to CNY 794,586,907.85 in the same period last year[22] - Net profit for Q3 2021 was CNY 78,449,409.20, a decrease of 61.0% from CNY 200,828,500.03 in Q3 2020[23] - Basic and diluted earnings per share for Q3 2021 were both CNY 0.49, down from CNY 1.260 in Q3 2020[24] Cash Flow - The net cash flow from operating activities was ¥9,340,814.14, reflecting a significant decline of 93.93%[3] - The net cash flow from operating activities decreased by 93.93%, amounting to CNY 9.34 million, attributed to a decline in cash received from sales compared to the previous year[10] - The net cash flow from investing activities saw a decrease of 119.27%, totaling CNY 30.13 million, mainly due to reduced cash inflows from matured financial products[10] - The net cash flow from financing activities dropped by 158.77%, amounting to CNY 43.57 million, primarily due to the issuance of bank acceptance bills against large time deposits[10] - The company's cash and cash equivalents decreased by 118.89%, totaling CNY 70.39 million, reflecting reduced net cash flows from operating, investing, and financing activities[10] Assets and Liabilities - Total assets increased by 13.15% to ¥2,279,876,869.28 compared to the end of the previous year[4] - Total assets as of Q3 2021 amounted to CNY 2,279,876,869.28, up from CNY 2,014,887,513.29 at the end of the previous year[19] - Total liabilities increased to CNY 493,671,753.61, compared to CNY 242,071,844.15 in the same period last year, indicating a growth of 104.8%[19] - Total liabilities amounted to CNY 242,071,844.15, with a total equity of CNY 1,772,815,669.14[30] Equity and Investments - The company's equity attributable to shareholders rose by 0.78% to ¥1,786,398,503.34[4] - The company reported a total of CNY 1,786,398,503.34 in equity attributable to shareholders, an increase from CNY 1,772,553,082.68 in the previous year[19] - The company has made significant investments in new projects, including a partnership in Zhuhai, which contributed to long-term equity investments of ¥30,064,019.31[9] - The company's long-term equity investments were valued at CNY 30,064,019.31, with no previous value reported[19] Expenses - Research and development expenses rose by 36.70% to ¥70,507,741.82, indicating a commitment to innovation[9] - Total operating costs for Q3 2021 were CNY 754,355,119.10, up 28.0% from CNY 589,044,133.76 in Q3 2020[22] - The company reported a 70.62% increase in financial expenses, totaling ¥2,168,250.00, attributed to higher interest payments[9] - Cash outflow for employee compensation increased to CNY 213,181,157.21, up 44.3% from CNY 147,797,040.01 in the previous period[25] Accounts Receivable and Inventory - Accounts receivable increased by 101.95% to ¥118,634,684.99, primarily due to increased revenue and outstanding payments[7] - Accounts receivable increased to CNY 118.63 million from CNY 58.75 million, indicating a significant rise in outstanding payments[17] - Inventory levels rose to CNY 416.99 million, up from CNY 313.38 million, reflecting increased stock levels[17] Impairment Losses - The company reported a significant increase in credit impairment losses, totaling CNY 466.79 million, a rise of 93.81% compared to the previous period[10] - Asset impairment losses reached CNY 2.28 million, marking a 115.77% increase, primarily due to an increase in inventory write-downs[10] Compliance and Adjustments - The company adjusted its financial statements to comply with new leasing standards, impacting the balance sheet[27] - The company has not undergone an audit for the third quarter report, which may affect the reliability of the financial data presented[31]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥548,620,709.19, representing a 14.98% increase compared to ¥477,145,013.53 in the same period last year[22]. - The net profit attributable to shareholders for the first half of 2021 was ¥46,147,964.91, a decrease of 59.70% from ¥114,517,646.60 in the previous year[22]. - The basic earnings per share for the first half of 2021 was ¥0.29, down 59.72% from ¥0.72 in the previous year[22]. - The company's revenue for the reporting period reached ¥548,620,709.19, representing a year-on-year increase of 14.98% compared to ¥477,145,013.53 in the previous year[48]. - The net profit for the period was 46.15 million yuan, showing a year-on-year decline of 59.70%[39]. - The gross profit margin decreased to 37.46%, down by 6.49% compared to the same period last year[51]. - The company reported a total comprehensive income of 1,661.00 million for the current period, reflecting a significant increase from the previous period[180]. Cash Flow and Financial Position - The net cash flow from operating activities was -¥28,078,221.80, a decline of 117.88% compared to ¥157,048,217.29 in the same period last year[22]. - Cash and cash equivalents decreased by 173.93% to CNY -62.24 million, primarily due to reduced cash flow from operating and financing activities[51]. - The company's total liabilities increased to CNY 441,299,651.56 from CNY 242,071,844.15, which is an increase of approximately 82.6%[151]. - The total equity attributable to shareholders decreased to CNY 1,752,877,476.97 from CNY 1,772,553,082.68, a decline of about 1.1%[152]. - The company reported a cash inflow of CNY 34.43 million from tax refunds in the first half of 2021, compared to CNY 15.15 million in the same period of 2020[167]. Research and Development - Research and development investment totaled ¥46,794,600, an increase of 47.18% year-on-year, accounting for 8.53% of the company's operating income[45]. - The R&D model is primarily self-driven, with the company possessing core technology for product development, including hardware and software solutions[33]. - The company has accumulated 12 invention patents, 139 utility model patents, and 83 design patents as of June 30, 2021, reflecting its commitment to intellectual property[45]. - Research and development expenses increased by 30% in the first half of 2021, reflecting the company's commitment to innovation[75]. Market and Product Development - The main business focuses on smart custody and delivery solutions, with products categorized into four main types: smart parcel lockers, self-service electronic storage cabinets, intelligent temperature-controlled vending machines, and customized smart delivery devices[29][30]. - The company plans to expand its annual production capacity of smart parcel lockers by 80,000 units, with a total investment commitment of RMB 391.78 million[68]. - The company has begun mass production of its meal pickup cabinets and has completed product development in collaboration with well-known domestic operators[41]. - The company is expanding its market presence in Southeast Asia, targeting a 15% market share by the end of 2022[79]. Risks and Challenges - The company is facing risks as described in the management discussion and analysis section, which investors should pay attention to[5]. - The increase in raw material prices and market competition has negatively impacted the company's gross profit margin[39]. - The company has identified potential risks from a slowdown in the e-commerce and express delivery sectors, which could impact demand for its smart parcel lockers[86]. - The company is facing risks from intensified market competition and is committed to improving product quality and innovation capabilities[87]. Shareholder Information - The total number of shares before the change was 160,000,000, with a decrease of 1,481,696 shares, resulting in 158,518,304 shares after the change[130]. - The largest shareholder, Gan Deyi, holds 20.86% of shares, totaling 3,000,000 shares[135]. - The company has a diverse shareholder base, including institutional investors and individual shareholders[136]. - The report indicates no significant changes in shareholding for the top shareholders during the reporting period[136]. Corporate Governance and Compliance - The company has not reported any significant changes in accounting policies or prior period error corrections during this reporting period[182]. - There were no significant lawsuits or arbitration matters during the reporting period[110]. - The company has not engaged in any related party transactions during the reporting period[111]. - The semi-annual financial report for 2021 was not audited[147].

Revenue and Profitability - Revenue for Q1 2021 was CNY 285,189,795.87, representing a 15.59% increase compared to CNY 246,728,435.19 in the same period last year[12] - The company achieved operating revenue of 285.19 million yuan, a year-on-year increase of 15.59%[33] - The net profit attributable to shareholders decreased by 40.48% to CNY 39,478,236.55 from CNY 66,331,669.39 year-on-year[12] - The net profit attributable to shareholders was 39.48 million yuan, a year-on-year decrease of 40.48%[33] - Basic earnings per share dropped by 39.02% to CNY 0.25 from CNY 0.66 in the same period last year[12] - Basic and diluted earnings per share for Q1 2021 were both CNY 0.25, down from CNY 0.41 in Q1 2020[64] - The total comprehensive income for the quarter was CNY 23,990,126.37, down from CNY 50,972,832.77 year-over-year, indicating a decline of 53.16%[68] Cash Flow and Financial Position - Net cash flow from operating activities was negative at CNY -55,714,890.67, a decline of 146.54% compared to CNY 119,725,618.87 in the previous year[12] - Cash flow from operating activities showed a net outflow of 55.71 million yuan, a significant decrease compared to the previous year[32] - The company's cash and cash equivalents decreased to CNY 1,098,604,299.24 from CNY 1,115,479,291.49, representing a decline of about 1.5%[51] - The net cash flow from investment activities was -1,088,283.73 CNY in Q1 2021, compared to 12,367,339.63 CNY in Q1 2020[75] - The total cash and cash equivalents at the end of Q1 2021 amounted to 763,551,062.55 CNY, down from 625,808,746.42 CNY in Q1 2020[75] - The cash inflow from financing activities was 20,000,000.00 CNY, while the cash outflow was 4,900,000.00 CNY, resulting in a net cash flow of 15,100,000.00 CNY[75] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,036,920,578.89, an increase of 1.09% from CNY 2,014,887,513.29 at the end of the previous year[12] - Total assets as of the end of Q1 2021 were CNY 1,814,645,069.62, slightly down from CNY 1,819,167,215.64 at the end of the previous quarter[59] - Total liabilities decreased to CNY 223,632,585.15 from CNY 242,071,844.15, a decline of approximately 7.6%[53] - Total liabilities at the end of Q1 2021 were CNY 172,542,188.28, a decrease of 14.2% from CNY 201,054,460.67 in the previous quarter[59] - The company's equity attributable to shareholders increased to CNY 1,813,042,837.51 from CNY 1,772,553,082.68, reflecting an increase of about 2.3%[55] Research and Development - Research and development expenses rose by 52.09% to 21.84 million yuan as the company increased its R&D investment[29] - Research and development expenses for Q1 2021 were CNY 21,838,660.09, up 52.4% from CNY 14,358,786.87 in Q1 2020[62] - The company aims to increase R&D investment and strengthen its R&D team to enhance its independent R&D capabilities and core competitiveness[36] Market and Competitive Environment - The company faces risks related to the economic downturn affecting the e-commerce and express delivery sectors, which could impact demand for its products[35] - The company faces competitive pressure from industry peers who are enhancing R&D capabilities, expanding production capacity, and reducing product prices, which could negatively impact its business and profitability if it fails to maintain core competitiveness[36] - The company has a high revenue dependency on a few large clients in the smart parcel locker industry, which poses a risk if these clients reduce their business cooperation[37] - The company is actively seeking to expand its customer base and optimize its client structure to mitigate risks associated with client dependency[37] Foreign Exchange and Risk Management - The company is exposed to foreign exchange risks due to its overseas clients primarily using USD for transactions, which could affect its competitiveness and profitability[39] - The company plans to establish effective foreign exchange risk management strategies and utilize hedging tools to mitigate currency fluctuation risks[39] Other Financial Information - The company reported non-operating income of CNY 1,862,974.07 from government subsidies closely related to business[14] - The company did not engage in any repurchase transactions during the reporting period[19] - There were no significant changes in the number of restricted shares during the reporting period[21] - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[46] - There were no violations regarding external guarantees during the reporting period[46] - The company has not conducted any research, communication, or interview activities during the reporting period[47] - The company has not indicated any significant changes in net profit compared to the same period last year[49]

Financial Performance - The company reported a total revenue of 672.34 million RMB, accounting for 67.78% of its main business income from overseas sales[11]. - The company's operating revenue for 2020 was CNY 1,028,183,929, a decrease of 1.68% compared to CNY 1,045,701,120 in 2019[24]. - Net profit attributable to shareholders for 2020 was CNY 239,451,231, down 16.22% from CNY 285,822,744 in 2019[24]. - The net profit after deducting non-recurring gains and losses was CNY 222,813,105, a decrease of 17.23% compared to CNY 269,193,649 in 2019[24]. - The company's total assets at the end of 2020 were CNY 2,014,887,511, an increase of 8.06% from CNY 1,864,592,370 at the end of 2019[24]. - The company's net assets attributable to shareholders increased by 11.81% to CNY 1,772,553,088 at the end of 2020, compared to CNY 1,585,377,530 at the end of 2019[24]. - The company's cash flow from operating activities increased by 26.36% to CNY 272,124,161 in 2020, compared to CNY 215,359,614 in 2019[24]. - The company's cash and cash equivalents increased by 61.85% compared to the beginning of the year, attributed to changes in cash management structure[46]. - The company's total revenue for 2020 was ¥1,028,183,929.29, a decrease of 1.68% compared to ¥1,045,701,120.65 in 2019[68]. - The gross margin for the industrial sector was 46.92%, slightly down from the previous year[70]. - The gross margin for 2020 was reported at 45%, indicating strong operational efficiency and cost management[153]. Dividend Policy - The company plans to distribute a cash dividend of 4 RMB per 10 shares to all shareholders, based on a total of 160 million shares[11]. - The company implemented a profit distribution policy prioritizing cash dividends, with a minimum of 10% of distributable profits allocated for cash dividends annually[132]. - The total distributable profit for the year 2020 was RMB 610,462,910.70[148]. - The cash dividend amount for 2020 represents 16.70% of the net profit attributable to ordinary shareholders, which was RMB 239,451,231.60[148]. - The company has maintained a consistent cash dividend policy, with dividends paid in the last three years[146]. - The cash dividend proposal is subject to approval at the shareholders' meeting[146]. Market Expansion and Growth - The company anticipates growth in demand for smart parcel lockers due to the increasing e-commerce and express delivery market, although macroeconomic downturns could pose risks[6]. - The company has established subsidiaries in various regions, including North America, Europe, and Southeast Asia, to expand its market presence[11]. - The company plans to expand its market presence by entering two new provinces in China by the end of 2021, which is anticipated to increase market share by 15%[157]. - The company is focusing on market expansion in niche areas such as medical behavior systems and vending machines through the establishment of subsidiaries[60]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share within the next two years[198]. Research and Development - The company is committed to enhancing its research and development capabilities to keep pace with industry advancements and customer needs[7]. - The company emphasizes R&D investment, with a dedicated department for hardware, software, and structural design development[39]. - Research and development expenses for the year were CNY 70.11 million, a 32.91% increase from the previous year[51]. - The company has applied for numerous patents, with a total of 10 invention patents, 92 utility model patents, and 71 design patents as of December 31, 2020[51]. - The company is investing 200 million RMB in research and development to drive innovation in its product line[162]. Competition and Risks - The company is facing intensified competition from domestic and international peers, necessitating continuous improvement in product quality and innovation[7]. - The company highlighted the risk of customer concentration, as a significant portion of its revenue comes from a few large operators in the smart parcel locker industry[9]. - The company faces risks from downstream industry fluctuations, increased market competition, and reliance on a few large clients for revenue[113][114][115]. Operational Efficiency - The company has established a strict supplier management system to ensure the quality of raw materials and after-sales service capabilities[36]. - The company has implemented quality control measures across all production stages, including the introduction of a PLM system for better process management[63]. - The company aims to improve production efficiency and product quality through equipment updates and automation technology upgrades at the Hubei factory[121]. - The company aims to reduce operational costs by 15% through efficiency improvements and automation[163]. Future Outlook - Looking ahead, the company projects a revenue growth of 30% for 2021, targeting 1.95 billion RMB[155]. - The company provided guidance for the next fiscal year, projecting a revenue growth of 20% to reach approximately 1.8 billion RMB[192]. - The company plans to enhance its digital marketing strategy, aiming for a 20% increase in online sales channels[188]. - The company is exploring potential mergers and acquisitions to strengthen its competitive position in the market[200]. Customer Engagement - The company aims to improve customer retention rates by 20% through enhanced service offerings and loyalty programs in 2021[154]. - Customer satisfaction ratings have improved to 90%, reflecting a 10% increase in positive feedback from users[185].

Financial Performance - Operating revenue for the current period was CNY 317,441,894.32, representing a year-on-year growth of 16.38%[7] - Net profit attributable to shareholders was CNY 86,310,853.43, a slight increase of 0.27% compared to the same period last year[7] - Basic earnings per share remained at CNY 0.540, unchanged from the previous period[7] - The weighted average return on net assets was 5.06%, a slight increase of 0.02% compared to the previous period[7] - Total operating revenue for Q3 2020 was CNY 317,441,894.32, an increase of 16.4% compared to CNY 272,754,878.08 in the same period last year[41] - Net profit for Q3 2020 was CNY 86,310,853.43, slightly up from CNY 86,076,502.68 in Q3 2019, reflecting a growth of 0.3%[43] - The company reported a net profit of CNY 751,488,021.46, up from CNY 590,659,521.43, indicating an increase of approximately 27.2%[35] - Total operating revenue for the third quarter was CNY 794,586,907.85, a decrease of 0.17% compared to CNY 801,948,824.51 in the previous period[50] - Net profit for the third quarter was CNY 200,828,500.03, down 10% from CNY 222,825,532.19 in the same period last year[51] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,976,018,213.50, an increase of 5.98% compared to the end of the previous year[7] - Current assets totaled CNY 1,773,125,459.29, slightly up from CNY 1,711,213,964.75, indicating an increase of about 3.63%[32] - The company's cash and cash equivalents rose to CNY 988,767,912.84 from CNY 689,196,235.69, marking a significant increase of approximately 43.6%[32] - Total liabilities decreased to CNY 234,653,837.56 from CNY 279,214,843.91, a reduction of about 16%[34] - The total liabilities decreased to CNY 149,202,693.60 from CNY 205,502,306.48 year-over-year, a reduction of 27.4%[42] - Owner's equity increased to CNY 1,615,466,432.18 from CNY 1,525,903,853.15, marking a growth of 5.9%[42] - The total liabilities to equity ratio stands at approximately 0.18, reflecting a conservative capital structure[68] Cash Flow - The net cash flow from operating activities was negative CNY 3,210,377.45, a decrease of 138.47% compared to the previous year[7] - Operating cash flow for the first nine months of 2020 was ¥153,837,839.84, a 103.14% increase from ¥75,728,233.71 in the same period of 2019[21] - The total cash inflow from operating activities for the period was CNY 846,215,367.61, an increase of 22.9% compared to CNY 688,530,381.54 in the previous period[57] - The net cash flow from investment activities was CNY 156,322,684.62, a turnaround from a negative CNY 590,128,263.12 in the previous year[59] - Cash inflow from financing activities was CNY 145,710,100.00, down from CNY 859,146,800.00 in the previous period[59] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,737[11] - The largest shareholder, Gan Deyi, holds 20.86% of the shares, amounting to 33,372,000 shares[11] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[12] Research and Development - Research and development expenses increased by 33.49% to ¥51,576,689.38, attributed to expanded company scale and increased employee compensation[19] - Research and development expenses rose to CNY 19,783,216.45, up 38.5% from CNY 14,264,740.37 in the previous year[42] - The company plans to continue focusing on R&D and market expansion strategies to drive future growth[54] Other Financial Metrics - The company reported non-recurring gains and losses totaling CNY 15,188,068.49 for the year-to-date[9] - The company reported a 2132.64% increase in non-operating income, reaching ¥1,498,266.54, primarily from the transfer of advance payments[20] - Other comprehensive income after tax showed a loss of CNY 6,131,857.28 compared to a gain of CNY 226,989.01 in the previous year[43] - The total comprehensive income for Q3 2020 was CNY 80,178,996.15, down from CNY 86,303,491.69 in Q3 2019, a decrease of 7.1%[44] Capital Changes - The registered capital increased from ¥10,000,000 to ¥16,000,000 following a capital change registration completed on September 29, 2020[22] - The company plans to reduce up to 2,560,000 shares, representing 1.6% of total equity, by certain board members and executives from June 15 to December 14, 2020[22] Accounting Changes - The company implemented the new revenue recognition standard starting January 1, 2020, resulting in a reclassification of prepayments to contract liabilities, with a total adjustment of ¥15,130,470.53 for the consolidated balance sheet[73] - For the parent company's balance sheet, the prepayment adjustment to contract liabilities was ¥13,219,206.99, reflecting the same reclassification under the new revenue standard[73] Audit Status - The third quarter report for the company was not audited, indicating that the financial results may be subject to further review[75]