Financial Performance - The company reported a loss in 2022 due to a decline in bus passenger volume, revenue from bus enterprises, and government subsidies, indicating a challenging market environment [4]. - The company's operating revenue for 2022 was ¥329,398,836.73, representing a 41.52% increase compared to ¥232,757,525.16 in 2021 [24]. - The net profit attributable to shareholders was -¥8,510,548.77, an improvement of 77.16% from -¥37,267,462.21 in the previous year [24]. - The net cash flow from operating activities was ¥20,223,082.15, a significant increase of 122.01% compared to -¥91,883,720.87 in 2021 [24]. - The total assets at the end of 2022 were ¥777,319,402.21, a decrease of 1.95% from ¥792,793,499.72 at the end of 2021 [24]. - The company reported a basic earnings per share of -¥0.13, improving by 76.36% from -¥0.55 in 2021 [24]. - The overall gross margin for the reporting period was 40.09%, remaining stable compared to 2021 [80]. - The net loss attributable to shareholders was 8.51 million yuan, significantly reduced compared to the previous year, while the net loss excluding non-recurring items was 20.89 million yuan, a year-on-year improvement of about 58.05% [80]. Market Environment - The company faces risks including fluctuations in the bus industry, performance decline, intensified market competition, and accounts receivable recovery risks [5]. - The company faced a decline in public transport passenger volume by 27.3% in 2022, impacting overall revenue and operational pressure [36]. - The outlook for the smart public transport industry remains positive, driven by the integration of new technologies and the need for improved urban mobility solutions [38]. - The government has prioritized the development of public transport as a national strategy, emphasizing the need for smart and information-based public transport systems [44]. - The company is at risk of intensified market competition as the smart public transport sector grows, necessitating rapid scale expansion and enhanced financial strength [131]. Strategic Initiatives - Management has implemented strategies to optimize organizational structure and enhance product promotion efforts, leading to an improvement in operational conditions compared to 2021 [4]. - The company plans not to distribute cash dividends, issue bonus shares, or increase capital from reserves [6]. - The company aims to enhance public transport service quality and competitiveness while reducing operational costs through digital transformation initiatives [54]. - The company plans to leverage its advantages in smart public transport to enhance existing products and services, focusing on micro-integration and comprehensive smart public transport solutions [120]. - The company will continue to invest in technological innovation, utilizing 5G, AI, big data, cloud computing, and autonomous driving to enhance product competitiveness [125]. Technological Development - The company is positioned in the smart public transport sector, leveraging technologies like GPS, 5G, and AI for operational efficiency [34]. - The company has developed a comprehensive traffic transportation big data service platform that integrates various transportation modes, enhancing regulatory capabilities and emergency coordination [51]. - The smart bus solutions include a data decision-making brain, intelligent scheduling system, and self-service cash register system, which streamline operations and improve efficiency [52]. - The company is developing a 5G-based intelligent terminal for public transport, aimed at enhancing vehicle networking and control capabilities [96]. - A blockchain-based urban traffic big data cloud platform is under testing, intended to optimize data resource management and improve decision-making processes [97]. Human Resources and Governance - The company emphasizes the importance of talent acquisition and retention to maintain its competitive edge in a knowledge-intensive industry [132]. - The company has established a complete and independent personnel management system, ensuring that all key management personnel receive their salaries from the company [149]. - The company has a diverse board of directors, including experts in various fields such as transportation engineering and finance, enhancing its strategic decision-making capabilities [171][172]. - The total number of employees at the end of the reporting period is 572, with 381 in the parent company and 191 in major subsidiaries [190]. - The company has implemented a training plan with a focus on internal training, supplemented by external training, to improve employee qualifications [192]. Sales and Revenue - In Q4 2022, the operating revenue reached ¥188,151,736.87, contributing to a total annual revenue increase [27]. - The smart scheduling system generated ¥191,820,521.01, accounting for 58.23% of total revenue, with a growth of 65.38% from ¥115,986,340.16 in 2021 [82]. - Direct sales accounted for 99.00% of total revenue, increasing by 41.89% from the previous year [83]. - The revenue from software products and others increased by 63.34% to ¥52,450,065.98, with a gross margin of 55.70% [84]. - The company has signed significant sales contracts, including a project with Fuzhou Public Transport Group worth ¥3,810 million, with a performance completion of ¥3,473.2 million [86]. Financial Management - The company has a structured remuneration decision-making process involving the shareholders' meeting for directors and supervisors, and the board of directors for senior management [179]. - The total pre-tax remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 3.41 million [180]. - The highest remuneration was received by the Chairman and General Manager, Guo Jianguo, totaling CNY 348,500 [180]. - The company has established a cash dividend policy that complies with regulatory requirements and ensures transparency in decision-making [194]. - The company did not distribute cash dividends for the fiscal year 2022 due to a loss and the need for funds for future business expansion [196].

证券代码：300807 证券简称：天迈科技 郑州天迈科技股份有限公司 投资者关系活动记录表 编号：2021－004 | --- | --- | --- | --- | --- | |-----------------------|--------------------------------------------------------------------------|----------------------------------------------------------------------------------|-----------|----------------------| | 投资者关系活 \n动类别 | □新闻发布会 □路演活动 \n□其他 | √特定对象调研 □分析师会议 □媒体采访 □业绩说明会 \n \n（请文字说明其他活动内容） | □现场参观 | | | 参与单位名称 | 申港证券 王宁 东北证券 孙树明 | | | | | 及人员姓名 | | | | | | 时间 | 2021 年 6 月 3 日 | | | | | | | | | | | | 地点 郑州天 ...

证券代码：300807 证券简称：天迈科技 郑州天迈科技股份有限公司 投资者关系活动记录表 编号：2021－003 | --- | --- | --- | --- | --- | |-------------------------|--------------------------------------------------------------------------------------------------------------|----------------------------------------------------------|-----------|-------| | 投资者关系活 \n动类别 | √特定对象调研 □分析师会议 □媒体采访 □业绩说明会 \n□新闻发布会 □路演活动 \n□其他 （请文字说明其他活动内容） | | □现场参观 | | | 参与单位名称 及人员姓名 | 安徽中珏投资管理有限公司 王奎 | | | | | 时间 | 2021 年 6 月 1 日 | | | | | | 地点 郑州天迈科技股份有限公司一楼会议室 | | | | | 上市公司 ...

参与单位名称 及人员姓名 河南亿帆私募基金管理有限公司 张翔 证券代码：300807 证券简称：天迈科技 | --- | --- | --- | --- | |--------------|-----------------------|----------------------------|-----------------| | | | | 编号： 2022-003 | | | | √特定对象调研 □分析师会议 | | | | □媒体采访 □业绩说明会 | | | | 投资者关系活 | □新闻发布会 □路演活动 | | | | 动类别 | □现场参观 □电话会议 | | | | | □其他： | （请文字说明其他活动内容） | | | --- | --- | |-------------------|---------------------------------------------------------------| | | | | 时间 | 2022 年 9 月 21 日下午 15:00 | | 地点 | 航空港区公司二楼会议室 | | 公司接待人员 姓名 | 证券负责人吴利伟、证券事务代表 ...

Financial Performance - The company's operating revenue for Q3 2022 reached ¥71,324,247.95, representing a 140.42% increase year-over-year[5] - The net profit attributable to shareholders was ¥5,119,413.58, a 134.56% increase compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was ¥4,754,009.02, up 122.64% year-over-year[5] - The basic earnings per share for Q3 2022 was ¥0.08, reflecting a 136.36% increase from the previous year[5] - The total revenue for the first nine months of 2022 was ¥141,247,099.86, a 64.09% increase compared to the same period in 2021[11] - The total operating revenue for the third quarter was CNY 141,247,099.86, an increase of 64.2% compared to CNY 86,077,291.20 in the same period last year[27] - The total operating costs amounted to CNY 177,167,346.74, up 17.9% from CNY 150,214,735.38 year-on-year[27] - The net loss for the quarter was CNY 18,847,923.15, a reduction in loss compared to CNY 41,999,176.32 in the previous year[28] - The basic and diluted earnings per share were both -0.27, improving from -0.61 in the same quarter last year[29] Cash Flow - The company reported a net cash flow from operating activities of ¥7,531,228.62 for the year-to-date, an increase of 108.44%[5] - The net cash flow from operating activities for the current period is ¥7,531,228.62, a significant improvement compared to the previous period's net cash flow of -¥89,189,380.58[30] - Cash inflow from operating activities totaled ¥227,839,788.42, up from ¥192,706,267.49 in the previous period, reflecting a growth of approximately 18.2%[30] - Cash outflow from operating activities decreased to ¥220,308,559.80 from ¥281,895,648.07, indicating a reduction of about 21.8%[30] - The net cash flow from investing activities showed a net outflow of ¥2,340.6 million, a decrease of 147.65% compared to the previous year[13] - The net cash flow from investing activities was -¥23,405,970.99, a decline from the previous period's positive cash flow of ¥49,120,513.04[31] - Cash inflow from investing activities decreased to ¥71,340,792.50 from ¥221,378,027.76, representing a drop of approximately 67.7%[31] - Cash outflow from investing activities also decreased to ¥94,746,763.49 from ¥172,257,514.72, showing a reduction of about 45.5%[31] - The net cash flow from financing activities was -¥3,847,462.03, compared to a positive cash flow of ¥37,063,051.08 in the previous period[31] - Cash inflow from financing activities increased to ¥79,645,673.56 from ¥53,003,145.00, reflecting a growth of approximately 50.5%[31] - The ending balance of cash and cash equivalents decreased to ¥68,308,044.85 from ¥85,428,192.49, a decline of about 20%[31] Assets and Liabilities - Total assets at the end of Q3 2022 amounted to ¥784,226,360.93, a decrease of 1.08% from the end of the previous year[5] - The total assets decreased to CNY 784,226,360.93 from CNY 792,793,499.72 at the end of the previous quarter[25] - The total liabilities increased to CNY 198,372,018.23 from CNY 191,127,965.70 in the previous quarter[25] - The company reported cash and cash equivalents of ¥74,925,171.46 as of September 30, 2022, down from ¥89,652,715.76 at the beginning of the year[23] - Accounts receivable decreased to ¥142,344,791.27 from ¥210,923,329.66[23] Shareholder Information - Total number of common shareholders at the end of the reporting period is 12,031[16] - The largest shareholder, Guo Jianguo, holds 37.27% of shares, totaling 25,289,680 shares[16] - The second largest shareholder, Shihezi Dacheng Credit Suisse Equity Investment Partnership, holds 14.85% of shares, totaling 10,075,560 shares[16] - The company has a total of 37,997,011 restricted shares, with 4,750 shares released during the period[20] - The company has adjusted the performance assessment indicators for the 2021 restricted stock incentive plan[21] - The company has no shareholders participating in margin financing business[17] - The total number of preferred shareholders is not applicable[18] Strategic Outlook - The company has no new strategies or significant market expansions reported in the current quarter[19] - The company plans to focus on market expansion and new product development in the upcoming quarters[26] Other Financial Metrics - The company experienced a significant increase in financial expenses, which rose by 911.68% due to increased bank borrowings[11] - The company reported a decrease in other income, which fell by 69.85% due to a reduction in government subsidies recognized as other income[11] - Research and development expenses were CNY 40,372,183.90, down from CNY 51,421,247.12 in the same period last year[28] - The company reported a significant increase in sales expenses, totaling CNY 24,716,943.48 compared to CNY 23,530,513.30 last year[28] - The company’s cash flow statement for the third quarter was not audited[32]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥69,922,851.91, representing a 23.95% increase compared to ¥56,410,900.52 in the same period last year[22]. - The net profit attributable to shareholders was -¥23,423,621.82, an improvement of 12.59% from -¥26,798,539.94 in the previous year[22]. - The net cash flow from operating activities was -¥62,827,346.93, which is a 40.54% decline compared to -¥44,703,401.23 in the same period last year[22]. - The total assets at the end of the reporting period were ¥774,255,461.28, down 2.34% from ¥792,793,499.72 at the end of the previous year[22]. - The net assets attributable to shareholders decreased by 3.55%, from ¥601,646,274.54 to ¥580,282,487.02[22]. - The basic earnings per share improved to -¥0.35 from -¥0.39, reflecting a 10.26% increase[22]. - The company's revenue for the reporting period reached ¥69,922,851.91, representing a year-on-year increase of 23.95% compared to ¥56,410,900.52 in the same period last year[80]. - The operating costs increased by 26.41% to ¥39,814,238.10 from ¥31,495,819.20, indicating a rise in expenses associated with sales[81]. - The company reported a net profit loss during the reporting period due to the ongoing impact of the pandemic, affecting future performance[104]. - Operating profit for the first half of 2022 was -¥31,188,840.98, slightly improved from -¥33,780,787.92 in the previous year[199]. - Net profit for the first half of 2022 was -¥23,559,545.59, compared to -¥27,046,085.47 in the same period of 2021, indicating a reduction in losses[199]. Business Strategy and Market Position - The main business focus is on providing integrated solutions for urban public transport operations based on vehicle networking technology[30]. - The company has served over 400 cities and more than 700 transportation enterprises, positioning itself among the industry leaders[37]. - The company is actively involved in the development of smart public transport solutions, leveraging technologies such as GPS, 4G/5G, and AI[31]. - The company has expanded its business from initial bus cash collection to cover a full range of services including bus scheduling, passenger flow analysis, and smart cash management, significantly improving operational efficiency and reducing accident rates[46]. - The company is expanding into new business areas such as taxi services and cold chain logistics to diversify revenue sources[109]. - The company aims to expand its business from intelligent public transport to other smart transportation fields, enhancing user engagement and core competitiveness[67]. Research and Development - The company has maintained a high R&D investment, with R&D personnel accounting for over 50% of total employees, and holds 288 patents and 310 software copyrights as of June 2022[75]. - The company is increasing R&D investment to enhance product and technology competitiveness in the smart bus sector[106]. - Research and development expenses for the first half of 2022 were ¥27,493,550.76, down from ¥31,522,307.43, a decrease of 12.8%[199]. Risks and Challenges - The company faces risks including market competition, seasonal revenue fluctuations, and accounts receivable recovery risks[5]. - The company faces risks from fluctuations in the public transport industry, which could adversely affect profitability if investment in smart management decreases[103]. - The company has a high accounts receivable balance, which poses a risk if effective measures are not taken to manage it[110]. Corporate Governance and Compliance - The company has a well-structured corporate governance system to protect the rights of shareholders and creditors[124]. - The company emphasizes its commitment to legal operations and corporate social responsibility, ensuring timely and full tax payments as its business expands[129]. - The company has implemented a comprehensive environmental management system, achieving compliance with environmental protection laws and standards[123][128]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[122]. Shareholder Information - The largest shareholder, Guo Jianguo, holds 37.27% of the shares, totaling 25,289,680 shares[177]. - The second largest shareholder, Shihezi Dacheng Ruixin Equity Investment Partnership, holds 14.85% of the shares, totaling 10,075,560 shares[177]. - The total number of ordinary shareholders at the end of the reporting period is 12,130[177]. - The company has no significant changes in shareholding structure or major shareholder issues during the reporting period[170]. Future Commitments and Plans - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company will publicly disclose specific reasons for any unfulfilled commitments and apologize to shareholders and the public[143]. - The company will actively implement necessary measures to ensure the effectiveness of its compensation plans in accordance with regulatory requirements[138].

Revenue and Profitability - The company's revenue for Q1 2022 was CNY 38,389,323.40, representing a 73.32% increase compared to CNY 22,149,677.23 in the same period last year[4] - The net profit attributable to shareholders was a loss of CNY 16,728,966.66, which is a 48.20% increase in loss compared to a loss of CNY 11,288,314.58 in the previous year[4] - The company's basic earnings per share for Q1 2022 was -CNY 0.25, a decrease of 47.06% from -CNY 0.17 in the same period last year[4] - The net profit for Q1 2022 was a loss of CNY 16,809,589.42, compared to a loss of CNY 11,392,544.40 in Q1 2021, indicating a deterioration of about 47.5% year-over-year[22] - The basic and diluted earnings per share for Q1 2022 were both -CNY 0.25, compared to -CNY 0.17 in Q1 2021, indicating a decline in earnings performance[22] Cash Flow and Financial Position - The net cash flow from operating activities was -CNY 63,324,749.01, a decrease of 128.38% compared to -CNY 27,727,892.18 in the same period last year[11] - The cash flow from operating activities showed a net outflow of CNY 63,324,749.01 in Q1 2022, worsening from a net outflow of CNY 27,727,892.18 in Q1 2021[24] - The company reported cash inflows from investment activities of CNY 60,157,500.00, down from CNY 90,627,930.55 in the previous year, reflecting a decrease of approximately 33.5%[24] - The cash flow from financing activities resulted in a net inflow of CNY 48,378,996.34 in Q1 2022, compared to a net outflow of CNY 152,499.99 in Q1 2021, showing a significant turnaround[24] Assets and Liabilities - The total assets at the end of the reporting period were CNY 802,474,807.25, a 1.22% increase from CNY 792,793,499.72 at the end of the previous year[4] - Total liabilities increased to CNY 216,809,551.14 from CNY 191,127,965.70, which is an increase of 13.4%[18] - The total equity attributable to shareholders decreased by 2.65% to CNY 585,726,619.38 from CNY 601,646,274.54 at the end of the previous year[4] - The company's total equity decreased to CNY 585,665,256.11 from CNY 601,665,534.02, reflecting a decline of 2.7%[18] Operating Costs and Expenses - The company's operating costs rose by 134.90% to CNY 21,944,124.30, driven by increased sales orders[10] - The total operating costs for Q1 2022 were CNY 53,881,269.34, an increase from CNY 38,525,962.02 in Q1 2021, representing a growth of approximately 39.9%[21] - The company's research and development expenses for Q1 2022 were CNY 14,554,553.17, slightly down from CNY 15,550,563.21 in Q1 2021, a decrease of about 6.4%[21] - The company incurred a financial expense of CNY 128,721.69 in Q1 2022, compared to a financial income of CNY 68,158.47 in Q1 2021, indicating a shift in financial performance[21] Government Support and Future Strategies - The company received government subsidies amounting to CNY 650,000.00 during the reporting period[6] - Future strategies include potential market expansion and new product development, although specific details were not provided in the earnings call[19]

Financial Performance - The company reported a significant decline in revenue due to the ongoing impact of the pandemic, with a notable decrease in public transport passenger volume and related financial pressures on bus enterprises [4]. - The net profit for the reporting period showed a loss, attributed to increased expenses and intensified industry competition [4]. - The company’s operating revenue for 2021 was ¥232,757,525.16, representing a 7.76% increase compared to ¥216,002,483.00 in 2020 [19]. - The net profit attributable to shareholders for 2021 was -¥37,267,462.21, a significant decrease of 1,275.59% from a profit of ¥3,170,116.73 in 2020 [19]. - The net cash flow from operating activities was -¥91,883,720.87 in 2021, a decline of 124.19% compared to -¥40,985,227.16 in 2020 [19]. - The overall gross margin for the reporting period was 40.03%, a decrease of 11.21 percentage points compared to the previous year [73]. - The company received government subsidies amounting to ¥13,091,665.67 in 2021, down from ¥19,245,088.52 in 2020 [24]. - The company reported a significant increase in financing cash inflow by 216.95% to ¥53,787,284.20, following the repayment of bank loans and cash dividends in the previous period [111]. Business Strategy and Focus - The company’s primary business focus remains on the smart public transport sector, primarily serving bus enterprises [4]. - The company is actively involved in the development of new technologies and solutions to enhance public transport efficiency and user experience [35]. - The company plans to expand its business from smart public transport to other smart traffic areas to enhance user stickiness and core competitiveness [66]. - The company aims to enhance market share in the smart bus sector by improving existing product solutions and developing new products based on customer needs [135]. - The company plans to increase technological innovation by focusing on cloud computing, big data, and IoT technologies to enhance product competitiveness [137]. Market and Industry Trends - The urbanization rate in China reached 64.72% by the end of 2021, with a projected increase to 78.6% by 2040, highlighting the growing demand for urban public transport solutions [39]. - The government aims for public transport motorization rates of at least 50% in super-large cities and 40% in large cities by 2022, indicating a strong policy push for public transport development [40]. - The overall market for smart public transport remains fragmented with low industry concentration, presenting opportunities for the company to expand its market presence [34]. - The company operates in the smart bus sector, which is experiencing growth in vehicle ownership, operational routes, passenger volume, and operational mileage, leading to increased market demand for smart transportation solutions [148]. Risks and Challenges - The management highlighted potential risks including fluctuations in the public transport industry, performance decline, intensified market competition, and seasonal revenue risks [5]. - The ongoing severe domestic pandemic situation may adversely affect the company's business operations [4]. - The company faces intensified market competition as more enterprises enter the smart bus industry, which may impact its market position and profit levels if it fails to enhance its technical capabilities and scale [148]. - The company has a high accounts receivable balance, primarily from public transport enterprises and large bus manufacturers, which poses a risk if effective measures are not taken to manage this receivable scale [152]. Research and Development - The company holds 265 patents and over 257 software copyrights, with more than 50% of its 600 employees being R&D personnel [74]. - Research and development expenses totaled ¥68,658,300, an increase of 20.73% compared to 2020, accounting for 29.50% of operating revenue [81]. - The company is focusing on integrating advanced technologies like big data and AI to improve operational safety and decision-making capabilities [104]. - The number of R&D personnel increased by 1.55% to 394 in 2021, with R&D personnel accounting for 58.72% of the total workforce [108]. Governance and Management - The company maintains a complete and independent business structure, with no interference from its controlling shareholder in operational decisions [165][168]. - The company has established a robust internal management and control system, ensuring compliance with relevant laws and regulations, thereby enhancing governance standards [156]. - The company has a diverse management team with backgrounds in various sectors, including public transportation and technology [176][177][178]. - The company has been actively managing its board composition to ensure effective governance and oversight [175]. Future Outlook - The company has not provided specific forward-looking commitments, urging investors to maintain a cautious approach [4]. - The company aims to enhance customer satisfaction and reduce after-sales maintenance costs through the development of a big data-based intelligent vehicle terminal remote operation and maintenance cloud platform [103]. - The company is well-positioned to benefit from the ongoing urbanization and the government's strategic emphasis on public transport development as a solution to urban congestion and pollution [39].

Financial Performance - The company's revenue for Q3 2021 was ¥29,666,390.68, representing a decrease of 12.44% compared to the same period last year[4] - Total operating revenue for Q3 2021 was ¥86,077,291.20, a decrease of 12.3% from ¥98,089,843.08 in the same period last year[29] - Net profit for Q3 2021 was a loss of ¥41,999,176.32, compared to a loss of ¥13,273,384.89 in Q3 2020, reflecting a significant decline in profitability[31] - The net profit attributable to shareholders was -¥14,812,006.96, an increase of 17.42% in losses year-over-year[4] - The company's basic earnings per share for Q3 2021 was -¥0.22, a decrease of 221.05% year-to-date[4] - The company reported a basic and diluted earnings per share of -¥0.61, compared to -¥0.19 in the same quarter last year[32] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥89,189,380.58, down 36.90% compared to the previous year[4] - The net cash flow from operating activities was negative at ¥89,189,380.58, worsening from a negative cash flow of ¥65,149,578.59 in the same quarter last year[35] - Cash inflow from operating activities totaled ¥192,706,267.49, compared to ¥173,167,817.04 in the previous year, indicating improved cash receipts despite overall losses[35] - The net cash flow from investment activities was 49,120,513.04, compared to a negative cash flow of -120,754,703.41 in the previous year, indicating a significant improvement[36] - The total cash inflow from financing activities was 53,003,145.00, up from 5,800,000.00 in the same period last year[36] - The net cash flow from financing activities was 37,063,051.08, a recovery from a negative cash flow of -142,626,286.95 in the previous year[36] Assets and Liabilities - Total assets at the end of the reporting period were ¥753,754,441.14, a decrease of 1.61% from the end of the previous year[5] - The company's current assets totaled CNY 493,446,997.02, down from CNY 534,336,051.09 at the end of 2020, indicating a decrease of about 7.6%[25] - The total liabilities increased to ¥155,898,707.29, up from ¥129,374,357.20 year-on-year, indicating a rise in financial obligations[28] - The total equity attributable to shareholders decreased to ¥597,974,121.70 from ¥636,465,423.45, reflecting a decline in shareholder value[28] - The total liabilities increased to CNY 153,000,000.00, compared to CNY 140,000,000.00 at the end of 2020, indicating a rise of about 9.3%[26] Inventory and Borrowings - The company reported a significant increase in inventory, which rose by 69.95% to ¥17,130.83 million due to increased project costs and stockpiling[10] - Inventory increased significantly to CNY 171,308,258.21 from CNY 100,797,657.76, reflecting a growth of approximately 69.9%[24] - Short-term borrowings increased by 216.00% to ¥4,740.00 million, indicating a rise in bank loans[10] - Short-term borrowings rose to CNY 47,400,000.00, compared to CNY 15,000,000.00 at the end of 2020, marking an increase of 216%[26] Government Support and Shareholder Information - The company received government subsidies amounting to ¥6,612,400.00 during the reporting period, contributing to its financial performance[7] - The company reported a total of 281,250 restricted shares that were released during the period, with all shares being released on July 18, 2021[21] - The company has a total of 10 major shareholders, with the largest shareholder holding 882,700 shares, representing a significant portion of the total equity[20] Research and Development - Research and development expenses rose to ¥51,421,247.12, an increase of 29.7% from ¥39,663,852.16 in the previous year[30] Audit and Compliance - The third-quarter report was not audited, which may affect the reliability of the financial data presented[38]

Financial Performance - The company reported a total revenue of RMB 150 million for the first half of 2021, representing a year-on-year increase of 20% compared to the same period in 2020[17]. - The net profit attributable to shareholders for the first half of 2021 was RMB 30 million, an increase of 15% year-on-year[17]. - The company's operating revenue for the current period is ¥56,410,900.52, a decrease of 12.14% compared to ¥64,208,058.22 in the same period last year[23]. - The net profit attributable to shareholders for the current period is -¥26,798,539.94, representing a decline of 630.83% from ¥5,048,389.60 in the previous year[23]. - The company reported a significant increase in contract liabilities, rising by 2.11% to ¥27,388,229.84, attributed to an increase in contract prepayments received[70]. - The company reported a net profit loss during the reporting period, indicating potential risks of continued performance decline if effective measures are not taken to enhance competitiveness and profitability[96]. - The total comprehensive income for the first half of 2021 was a loss of ¥27,046,085.47, compared to a gain of ¥5,036,105.10 in the first half of 2020[182]. - The company recorded a net loss attributable to shareholders of CNY 47,495,700.00 during the period, indicating challenges in profitability[200]. Market Expansion and Strategy - The company plans to expand its market presence by entering two new provinces in the second half of 2021, aiming for a 10% increase in market share[17]. - The company plans to actively expand its business into other intelligent transportation sectors, such as smart taxis and smart sanitation, to diversify revenue streams and improve profitability[102]. - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market reach[17]. - The company focuses on smart public transportation solutions, leveraging vehicle networking technology for urban bus operations and management[30]. - The company plans to enhance its risk management strategies in the upcoming quarters to mitigate losses and improve profitability[194]. Research and Development - Research and development expenses increased by 30% to RMB 10 million, focusing on new product innovations in smart transportation technology[17]. - Research and development expenses increased to ¥31,522,307.43, primarily due to increased investment in R&D[66]. - The company is developing new AI-driven features for its products, expected to launch in Q4 2021, which could enhance user engagement[17]. - Increased investment in R&D is planned to meet new customer demands in the public transport sector and enhance the company's core competitiveness[103]. Financial Position and Assets - The total assets at the end of the current period are ¥718,032,614.07, down 6.28% from ¥766,110,022.22 at the end of the previous year[24]. - The net assets attributable to shareholders decreased by 4.03%, totaling ¥610,786,103.76 compared to ¥636,465,423.45 at the end of the last year[24]. - The company's current assets decreased to CNY 460,833,185.80 from CNY 534,336,051.09, reflecting a reduction of about 13.8%[171]. - Cash and cash equivalents were reported at CNY 65,499,301.19, down from CNY 95,824,316.48, indicating a decline of approximately 31.6%[170]. - The total equity attributable to the parent company at the end of the first half of 2021 was approximately 610.8 million CNY, compared to 680.9 million CNY at the end of the previous year, reflecting a decrease of about 10.3%[196]. Operational Efficiency - The company adopts a "make-to-order" production model, aligning production plans with actual customer orders to optimize resource utilization[42]. - The company primarily utilizes "just-in-time" procurement for raw materials, reducing inventory costs and improving capital efficiency[41]. - The company's operating costs increased by 1.06% to ¥31,495,819.20, with no significant changes reported[66]. - The product quality assurance rate is over 99.5%, ensuring stable and reliable product performance[60]. Risks and Challenges - The management highlighted risks including intensified market competition and potential impacts from the COVID-19 pandemic on operations[6]. - The smart public transport market is experiencing intensified competition, with increasing demand for intelligent transportation solutions, which may impact the company's market position and profit levels if it fails to scale effectively[97]. - There is a significant amount of accounts receivable, and if the company does not manage this effectively, it may face cash flow issues and increased bad debt risks[100]. - The company faces seasonal revenue risks, with sales typically higher in the second half of the year, particularly in Q4, due to the procurement cycles of public transport companies[99]. Corporate Governance and Compliance - The company has implemented a robust corporate governance structure, ensuring the protection of shareholder rights and compliance with relevant laws and regulations[119]. - The company has maintained transparent communication with investors, enhancing its credibility and protecting investors' right to information[120]. - The company has established long-term cooperative relationships with suppliers and customers, ensuring the protection of their legitimate rights[122]. - The company has established a comprehensive environmental management system, ensuring compliance with environmental laws and achieving pollutant discharge standards without any environmental pollution incidents[118].