Financial Performance - The company's operating revenue for 2022 was ¥218,045,033.92, representing a 7.81% increase compared to ¥202,240,423.20 in 2021[25]. - The net profit attributable to shareholders for 2022 was ¥12,674,556.66, up 10.72% from ¥11,447,287.90 in 2021[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥4,796,066.52, a significant increase of 227.40% from a loss of ¥3,764,679.79 in 2021[25]. - The net cash flow from operating activities improved to -¥37,374,942.62, a 60.04% improvement from -¥93,522,295.52 in 2021[25]. - The total assets at the end of 2022 were ¥1,163,564,904.34, reflecting a 4.63% increase from ¥1,112,058,603.61 at the end of 2021[25]. - The net assets attributable to shareholders at the end of 2022 were ¥1,028,360,668.81, a slight increase of 1.01% from ¥1,018,048,530.21 at the end of 2021[25]. - The basic earnings per share for 2022 were ¥0.1074, up 10.72% from ¥0.097 in 2021[25]. - The diluted earnings per share for 2022 were ¥0.1073, an increase of 11.54% from ¥0.0962 in 2021[25]. - The weighted average return on equity for 2022 was 1.24%, compared to 1.13% in 2021[25]. - The company reported a significant recovery in its financial performance, with a notable improvement in both revenue and profit metrics compared to the previous year[25]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 0.20 RMB per 10 shares to all shareholders, based on a total of 118,050,000 shares[3]. Operational Risks and Management - The company emphasizes the importance of risk awareness regarding future plans and performance forecasts, indicating that these do not constitute substantive commitments to investors[3]. - The management discussion section details potential operational risks and corresponding countermeasures for the company's future development[3]. Revenue Breakdown - The company's total revenue for Q1 2022 was approximately ¥36.25 million, Q2 was ¥56.98 million, Q3 was ¥44.78 million, and Q4 was ¥80.03 million, indicating a significant increase in Q4 compared to Q1[27]. - The net profit attributable to shareholders for Q4 2022 was ¥6.98 million, showing a recovery from a net loss of ¥1.54 million in Q2[28]. - The net cash flow from operating activities turned positive in Q4 2022, reaching ¥13.83 million, after negative cash flows in the first three quarters[28]. Government Support and Industry Context - The company received government subsidies amounting to ¥2.09 million in 2022, a decrease from ¥14.27 million in 2021, indicating a shift in government support[31]. - The national defense budget for 2023 is set at ¥155.37 billion, a 7.2% increase from the previous year, which supports the company's future orders[36]. - The company operates in a high-barrier industry with limited participants, focusing on the sonar equipment sector, which is critical for national security[35]. Research and Development - The company is focusing on the development of core technology for underwater acoustic data processing, with ongoing work on data processing core chips[36]. - The company has developed innovative products in areas such as underwater big data and simulation training systems, enhancing its competitive advantage[36]. - The company has established a comprehensive environmental testing center, equipped with various testing devices, which has received CNAS and defense laboratory certifications[65]. - The company has a long-term investment strategy with a focus on technology transfer and consulting services[108]. - The company is actively involved in the research and development of marine engineering equipment and technology[108]. Product Development and Technology - The signal processing platform is a key product, designed for real-time digital signal processing and data communication, applicable in various fields including industrial automation[38]. - The intelligent sonar system integrates big data and artificial intelligence technologies to improve detection and recognition capabilities, addressing traditional sonar limitations[47]. - The company has completed the development of software and technology services, focusing on data processing and storage solutions[110]. - The company plans to complete the development of a high-performance computing platform based on GPU chips in 2023, with expected orders to follow[70]. - The company aims to enhance its underwater autonomous vehicles and sonar detection systems based on user feedback and needs in 2023[73]. Sales and Procurement Models - The company's primary revenue model is based on selling sonar equipment to large state-owned enterprises and research institutions, ensuring alignment with end-user needs[56]. - The procurement model is order-driven, with a qualified supplier list established based on national quality standards, ensuring stable supply capabilities[57]. - The production model is customized based on signed contracts, allowing for adjustments in design and specifications according to client needs[58]. - The sales model involves direct sales to clients, primarily large state-owned enterprises, ensuring high customer stability and long-term relationships[59]. Financial Management and Investments - The company reported a significant increase in sales expenses, totaling CNY 7,047,369.63, which is an 11.41% increase from the previous year[89]. - The company’s R&D expenses for 2022 were CNY 46,440,033.18, which is 21.30% of operating revenue, down from 24.60% in 2021[93]. - The company has committed to investing RMB 158.70 million in the third-party water signal processing platform, with a cumulative investment of RMB 111.71 million, achieving 45.79% of the expected progress[118]. - The company has not engaged in any securities or derivative investments during the reporting period[112][113]. - The company has not faced any litigation related to its investments during the reporting period[108]. Governance and Compliance - The company maintains independence from its controlling shareholder in terms of assets, personnel, finance, and operations, ensuring autonomous management[163]. - The company has established a complete internal control system and governance structure, complying with relevant laws and regulations[157]. - The company has implemented a performance-linked compensation mechanism for senior management to attract and retain talent[161]. - The company held 1 annual general meeting and 4 extraordinary general meetings during the reporting period, ensuring compliance with legal requirements for shareholder rights[158]. Future Outlook and Strategic Initiatives - The company provided a revenue guidance for 2023, projecting an increase of 20% to 1.8 billion RMB[172]. - New product launches are expected to contribute an additional 300 million RMB in revenue in 2023[172]. - The company is exploring potential acquisitions to enhance its technology portfolio, with a budget of 500 million RMB allocated for this purpose[172]. - The company plans to increase its marketing budget by 30% in 2023 to support new product launches and market expansion efforts[172]. - The company aims to achieve carbon neutrality by 2030, implementing sustainable practices across operations[191].

本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 北京中科海讯数字科技股份有限公司（以下简称"公司"）2022 年年度报告已 于 2023 年 4 月 26 日在巨潮资讯网（www.cninfo.com.cn）上披露。 为了让广大投资者进一步了解公司 2022 年经营情况，公司定于 2023 年 5 月 15 日（星期一）15:00-17:00 在全景网举办 2022 年度业绩说明会，本次年度业绩 说明会将采用网络远程的方式举行，投资者可登陆全景网"投资者关系互动平台" （https://ir.p5w.net）参与本次年度业绩说明会。 出席本次业绩说明会的人员有：公司董事长蔡惠智先生、副总经理兼董事会 秘书张秋生先生、财务负责人段丽丽女士、独立董事黄正先生、保荐代表人王会 然女士。 证券代码：300810 证券简称：中科海讯 公告编号：2023-031 北京中科海讯数字科技股份有限公司 关于举行 2022 年度网上业绩说明会的公告 （问题征集专题页面二维码） 特此公告。 北京中科海讯数字科技股份有限公司 董事会 2023 年 4 月 26 日 为充分尊重投资者、 ...

Financial Performance - The company's revenue for Q3 2022 was ¥44,783,283.70, representing a 63.20% increase year-over-year[5] - Net profit attributable to shareholders for Q3 2022 was ¥2,844,202.42, a significant increase of 131.91% compared to the same period last year[5] - The basic earnings per share for Q3 2022 was ¥0.0241, up 131.92% year-over-year[5] - Total operating revenue for Q3 2022 was CNY 138,019,727.78, a decrease of 0.73% compared to CNY 139,040,376.35 in the same period last year[27] - Net profit for Q3 2022 was CNY 5,668,171.66, a decrease of 15.5% from CNY 6,711,725.89 in Q3 2021[28] - The total comprehensive income for the third quarter of 2022 was CNY 5,668,171.66, a decrease from CNY 6,711,725.89 in the same period last year[29] Assets and Liabilities - Total assets at the end of Q3 2022 reached ¥1,149,893,868.75, reflecting a 3.40% increase from the end of the previous year[5] - Total assets as of Q3 2022 amounted to CNY 1,149,893,868.75, compared to CNY 1,112,058,603.61 at the end of the previous year[25] - Total liabilities increased to CNY 125,577,785.35 from CNY 92,153,716.87 year-on-year, indicating a rise in financial obligations[25] - The company's cash and cash equivalents decreased, with total current assets at CNY 958,100,404.02, down from CNY 979,566,174.55[25] Cash Flow - The company reported a net cash flow from operating activities of -¥51,207,958.67, an improvement of 27.84% compared to the same period last year[11] - The net cash flow from operating activities was CNY -51,207,958.67, an improvement compared to CNY -70,967,326.58 in the previous year[32] - The company’s total cash outflow from operating activities was CNY 137,382,148.06, down from CNY 180,740,960.98 in the previous year[32] - Financing activities generated a net cash inflow of ¥13,749,528.59, a 507.43% increase compared to the previous year, attributed to increased bank loans[11] - The company’s net cash flow from financing activities was CNY 13,749,528.59, an improvement from CNY -3,374,660.00 in the previous year[32] - The net cash flow from investment activities was CNY -122,969,584.80, worsening from CNY -7,428,654.30 year-over-year[32] Shareholder Information - The company’s total equity attributable to shareholders was ¥1,022,485,179.01 at the end of Q3 2022, a slight increase of 0.44% from the previous year[5] - The total equity attributable to shareholders of the parent company was CNY 1,022,485,179.01, up from CNY 1,018,048,530.21 year-on-year, indicating stable shareholder value[25] - The total number of common shareholders at the end of the reporting period is 14,370[13] - The largest shareholder, Ningbo Meishan Bonded Port Area Zhongke Haixun Technology Investment Partnership, holds 29.26% of shares, totaling 34,546,824 shares[13] - The company’s major shareholder, Pingdingshan Haixun Acoustic Technology Investment Partnership, reduced its holdings by 890,900 shares, representing 0.7547% of the total share capital[20] Government and Other Income - The company received government subsidies amounting to ¥121,688.17 in Q3 2022, with a total of ¥1,051,361.53 for the year-to-date[6] - The company reported a 242.26% increase in other income, totaling ¥2,908,827.26, due to military product tax refunds[10] Research and Development - Research and development expenses increased to CNY 38,785,907.65, up from CNY 36,196,682.62 in the previous year, reflecting a focus on innovation[28] Strategic Developments - The company was recognized as a "Little Giant" enterprise by the Ministry of Industry and Information Technology in August 2022, highlighting its specialized and innovative capabilities[17] - A strategic cooperation agreement was signed on July 22, 2022, focusing on underwater security in alignment with national marine strategies[19] Other Financial Metrics - The company reported cash and cash equivalents of ¥166,701,113.29 as of September 30, 2022, down from ¥327,377,628.17 at the beginning of the year[22] - Accounts receivable increased to ¥493,798,901.07 from ¥427,654,572.95 at the beginning of the year, indicating a growth of approximately 15.4%[22] - Long-term equity investments rose to CNY 3,436,771.80 from CNY 1,485,600.71, suggesting increased investment in strategic partnerships[25] - The company reported a significant increase in credit impairment losses, amounting to CNY -21,295,673.54, compared to CNY -18,469,502.21 in the previous year[28] - The company paid CNY 50,324,403.66 in employee compensation, an increase from CNY 44,134,197.79 in the previous year[32] - The company received CNY 497,000,000.00 from the recovery of investments, up from CNY 240,000,000.00 in the previous year[32] - The company has not reported any new product launches or technological advancements in this quarter[18]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥93,236,444.08, a decrease of 16.45% compared to ¥111,599,082.03 in the same period last year[21]. - The net profit attributable to shareholders was ¥2,849,421.38, reflecting a significant decline of 81.17% from ¥15,130,951.59 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was ¥677,138.07, down 93.97% from ¥11,229,390.90 year-on-year[21]. - The net cash flow from operating activities was -¥39,611,828.37, representing a 78.24% increase in cash outflow compared to -¥22,223,722.01 in the same period last year[21]. - Basic earnings per share decreased by 87.47% to ¥0.0241 from ¥0.1923 in the previous year[21]. - Total assets at the end of the reporting period were ¥1,106,791,516.01, a slight decrease of 0.47% from ¥1,112,058,603.61 at the end of the previous year[21]. - The net assets attributable to shareholders increased by 0.22% to ¥1,020,262,147.01 from ¥1,018,048,530.21 at the end of the previous year[21]. - The company reported a significant decline in weighted average return on equity, dropping to 0.28% from 1.49% in the previous year[21]. - The company reported a net profit of CNY 424.63 million for the first half of 2022, reflecting its operational performance[94]. - The company reported a revenue of 1.5 billion RMB for the first half of 2022, representing a year-over-year increase of 20%[134]. Risk Management - The management team emphasizes the importance of risk awareness regarding future plans and performance forecasts[3]. - The report includes a detailed description of potential risks faced by the company and corresponding countermeasures[3]. - The company acknowledges the risk of potential declines in profit due to increased depreciation and amortization if market conditions worsen[105]. - The company faces risks related to the implementation of fundraising projects, including dependence on foreign technology and potential import restrictions[104]. - The company has identified inventory management risks due to the planned nature of special product procurement by its customers[102]. - The company faced risks related to seasonal sales patterns, with significant revenue and profit typically realized in the second and fourth quarters[99]. Governance and Compliance - The company is focused on maintaining transparency and compliance with regulatory requirements[3]. - The financial report is signed and stamped by the responsible executives, ensuring its authenticity[8]. - The company has committed to ensuring the accuracy and completeness of the financial report, with all board members present for the meeting[3]. - The report outlines the company's governance structure and social responsibility initiatives[6]. - The company has established a mechanism to deduct corresponding amounts from dividends or other compensations if commitments are not fulfilled[126]. Research and Development - The company is focused on developing new technologies and expanding its market presence, particularly in underwater detection systems and unmanned vehicles[13]. - The company has a technical R&D team of 164 members, with 58.78% of the total workforce dedicated to R&D, including 8 PhDs and 57 Master's degree holders[57]. - Investment in R&D for new technologies increased by 30%, totaling 200 million RMB in the first half of 2022[135]. - Research and development expenses accounted for 10% of total revenue, reflecting the company's commitment to innovation[139]. - The company is engaged in ongoing research and development of new technologies and products to meet the demands of the special electronic information industry[101]. Market Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[134]. - A strategic acquisition of a local tech firm is anticipated to enhance the company's product offerings and customer base[136]. - The company plans to develop a customized third-generation underwater acoustic signal processing platform to meet diverse user demands, aiming to shorten development cycles and reduce costs[88]. - The company is exploring potential acquisitions to bolster its technology capabilities and market share[138]. - The company aims to reduce operational costs by 15% through efficiency improvements by the end of 2022[143]. Shareholder and Capital Management - The company plans not to distribute cash dividends, issue bonus shares, or increase capital using reserves[4]. - The company has committed to not transferring or entrusting the management of its publicly issued shares for 36 months from the date of listing[125]. - The company will announce any share reduction plans three trading days in advance[128]. - The company’s major shareholders have committed to not selling shares below the issuance price during the specified period[128]. - Major shareholders reduced their holdings by a total of 1,202,000 shares, accounting for 1.0182% of the total share capital, between December 3, 2021, and May 27, 2022[180]. Operational Performance - Operating costs decreased by 23.88% to ¥30,883,257.23, leading to a gross profit margin of 66.88%[62]. - The signal processing platform generated revenue of ¥71,170,096.30, with a gross margin of 69.98%, despite a 29.20% decline in revenue year-over-year[63]. - The company experienced a 471.53% increase in credit impairment losses, totaling -¥16,334,882.57, primarily due to provisions for bad debts[65]. - The company has established a strong competitive advantage in the sonar equipment sector, with a focus on signal processing platforms, sonar devices, underwater big data, simulation training systems, and unmanned detection systems[51]. - The company operates on a sales-driven production model, ensuring close alignment with end-user needs and maintaining a stable supply chain for specialized electronic information products[47]. Asset Management - The total amount of raised funds approved for public offering was CNY 484.62 million, with actual raised funds after expenses being CNY 453.50 million[81]. - The company has not reported any significant changes in the measurement attributes of its major assets during the reporting period[70]. - The company has no significant restrictions on asset rights as of the end of the reporting period[70]. - The company’s total assets as of June 30, 2022, amounted to CNY 7,413.71 million, with net assets of CNY 4,064.04 million[94]. - The company’s long-term equity investments remained stable at 1,426,851.79, maintaining a 0.13% share of total assets[68]. Employee and Management Changes - The company held its first employee meeting on March 30, 2022, to elect the third supervisory board representatives[175]. - The company completed the election of its third board of directors and supervisory board on April 15, 2022[175]. - The company approved the appointment of key management personnel, including the general manager and financial director, on April 15, 2022[175]. - The company has taken measures to reduce the turnover rate of core personnel, including improving welfare and building R&D platforms[106]. - The company has experienced changes in its board of directors, with several members being elected or leaving as of April 15, 2022[111].

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB in 2021, representing a year-over-year growth of 25%[16]. - The company's operating revenue for 2021 was CNY 202,240,423.20, representing a 61.59% increase compared to CNY 125,155,641.31 in 2020[22]. - The net profit attributable to shareholders for 2021 was CNY 11,447,287.90, a decrease of 46.03% from CNY 21,209,443.59 in 2020[22]. - The basic earnings per share for 2021 was CNY 0.0970, down 46.02% from CNY 0.2700 in 2020[22]. - The gross margin improved to 45% in 2021, up from 40% in 2020, reflecting better cost management and pricing strategies[16]. - The company's gross profit margin was 63.23%, a decrease of 5.21% compared to the previous year[64]. - The company reported a revenue increase of 15% year-over-year, reaching 1.5 billion RMB in the last quarter[167]. - The company provided a future outlook with a revenue guidance of 1.8 billion RMB for the next quarter, representing a 12% increase[167]. Research and Development - Investment in R&D increased by 15% in 2021, totaling 180 million RMB, focusing on new sonar technologies and underwater communication systems[16]. - The company has developed several innovative products in sonar equipment, underwater big data, simulation training systems, and unmanned detection systems, which are in progress[34]. - The company has a technical R&D team of 162 members, with 62.07% of the total workforce dedicated to R&D[62]. - Research and development investment increased by 10% to 200 million RMB, focusing on advanced underwater technology[167]. - The company aims to increase R&D investment to accelerate the localization of the signal processing platform and improve the conversion speed of underwater big data and simulation training products[122]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share by 2025[19]. - A strategic acquisition of a smaller tech firm was announced, expected to enhance the company's capabilities in underwater robotics and AI technologies[18]. - The company is set to launch a new product line in Q2 2022, which is anticipated to contribute an additional 200 million RMB in revenue[19]. - The company plans to enhance market development by improving project bidding success rates and increasing cash flow through better accounts receivable management[122]. - The company aims to expand its market reach and explore potential mergers and acquisitions to drive growth in the coming years[161]. Cash Flow and Financial Management - The company reported a net cash flow from operating activities of CNY -93,522,295.52, a decline of 57.15% compared to CNY -59,512,862.48 in 2020[22]. - The company's cash and cash equivalents increased by ¥93,266,871.44, reversing a decline of -¥343,648,998.10 in the previous year[92]. - The company plans to implement a target management responsibility system to improve management efficiency and reduce operational costs[128]. - The company has a clear profit distribution policy, ensuring that the dividend standards and ratios are well-defined and implemented after board and shareholder approval[196]. Customer and Sales Dynamics - The total revenue from the top five customers reached ¥189,590,746.13, accounting for 93.75% of the annual total sales[82]. - The company focuses on direct sales to large state-owned enterprises and research institutions, ensuring a stable customer base with high concentration[56]. - The company recognizes the risk of significant revenue fluctuations due to dependence on state procurement plans, which can be influenced by various external factors[129]. - The company faces customer concentration risk, with its top five clients representing a significant portion of sales, primarily from state special departments[131]. Governance and Management - The company has established a robust governance structure, ensuring compliance with relevant laws and regulations, which supports its operational integrity[142]. - The company has established a sound corporate governance structure with independent decision-making and operational capabilities[152]. - The board of directors held a total of 7 meetings during the reporting period, with all members present at each meeting[183]. - The company has implemented a performance-based remuneration system for senior management, linked to the company's profitability[176]. Operational Challenges - The accounts receivable balance was 516.16 million yuan, indicating a high level of receivables and cash flow pressure[64]. - The company has a reliance on core technical personnel, with 62.07% of employees being technical staff, which is critical for maintaining its competitive edge in sonar technology[138]. - The company has emphasized the importance of maintaining accurate financial reporting and transparency in its operations[161]. - The company has not experienced any bad debts from its major clients, which are primarily large state-owned enterprises, indicating a stable customer base[133].

Financial Performance - The company's revenue for Q1 2022 was CNY 36,252,885.18, representing a 6.38% increase compared to CNY 34,077,542.44 in the same period last year[4] - Net profit attributable to shareholders increased by 459.12% to CNY 2,538,017.07 from CNY 453,927.61 year-on-year[4] - Basic earnings per share rose to CNY 0.0215, a 465.79% increase from CNY 0.0058 in the same quarter last year[4] - The company reported a net profit margin improvement due to reduced operating costs, although specific profit figures were not disclosed in the provided data[18] - The net profit for Q1 2022 was CNY 2,498,588.36, a significant increase from CNY 345,295.19 in Q1 2021, representing a growth of approximately 624%[19] - Operating profit for Q1 2022 reached CNY 3,408,919.16, compared to CNY 681,506.41 in the same period last year, indicating a growth of about 400%[19] - The total comprehensive income for Q1 2022 was CNY 2,498,588.36, compared to CNY 345,295.19 in Q1 2021, marking a growth of approximately 624%[20] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 44.97%, amounting to CNY -31,194,276.65, compared to CNY -21,518,324.61 in the previous year[4] - Cash flow from operating activities was negative at CNY -31,194,276.65, worsening from CNY -21,518,324.61 in Q1 2021[23] - Cash flow from investing activities was negative at CNY -256,195,950.68, compared to a positive cash flow of CNY 178,855,006.96 in the same period last year[23] - Cash and cash equivalents at the end of Q1 2022 were CNY 37,698,923.10, down from CNY 327,377,628.17 at the beginning of the year, a decrease of 88.5%[14] - The cash and cash equivalents at the end of Q1 2022 were CNY 37,483,018.92, down from CNY 391,759,279.08 at the end of Q1 2021, a decrease of about 90%[24] - The company incurred a total of CNY 2,256,881.92 in cash outflows related to financing activities during Q1 2022[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,106,380,537.90, a decrease of 0.51% from CNY 1,112,058,603.61 at the end of the previous year[4] - Total assets as of March 31, 2022, were CNY 1,106,380,537.90, slightly down from CNY 1,112,058,603.61 at the beginning of the year[16] - Total liabilities decreased to CNY 83,106,071.34 from CNY 92,153,716.87, a reduction of 9.8%[16] - The company's equity attributable to shareholders increased to CNY 1,021,457,538.74 from CNY 1,018,048,530.21, a growth of 0.4%[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 15,798[10] - The largest shareholder, Ningbo Meishan Bonded Port, held a 29.26% stake, amounting to 34,546,824 shares[10] Operating Performance - Total operating revenue for Q1 2022 was CNY 36,252,885.18, an increase of 6.4% compared to CNY 34,077,542.44 in the same period last year[18] - Total operating costs decreased to CNY 30,785,196.87 from CNY 32,182,452.85, representing a reduction of 4.4%[18] - The company reported a significant increase in investment income from joint ventures, rising by 2332.91% year-on-year[8] Research and Development - Research and development expenses increased to CNY 10,432,777.51 in Q1 2022, up from CNY 9,251,654.36 in Q1 2021, reflecting a rise of approximately 12.8%[19] Financial Expenses - Financial expenses increased by 54.46% due to a reduction in interest income from decreased notice deposits[8] Inventory and Receivables - Accounts receivable increased to CNY 443,503,734.05 from CNY 427,654,572.95, reflecting a growth of 3.7%[14] - Inventory remained stable at CNY 143,247,225.89, compared to CNY 143,052,782.63 at the beginning of the year[14]

Financial Performance - The company's revenue for Q3 2021 was CNY 27,441,294.32, representing an increase of 18.36% year-over-year, and a total revenue of CNY 139,040,376.35 for the year-to-date, which is an increase of 158.17% compared to the same period last year[3] - The net profit attributable to shareholders for Q3 2021 was a loss of CNY 8,913,283.09, a decrease of 157.50% year-over-year, while the year-to-date net profit was CNY 6,217,668.50, down 149.44% compared to the previous year[3] - The basic earnings per share for Q3 2021 was -CNY 0.0755, a decrease of 71.59% year-over-year, and the diluted earnings per share was also -CNY 0.0755, reflecting a similar decline[3] - Total operating revenue for Q3 2021 reached ¥139,040,376.35, a significant increase from ¥53,855,981.14 in the same period last year, representing a growth of approximately 158.5%[23] - Operating profit for the quarter was ¥5,175,009.49, compared to a loss of ¥15,106,914.29 in Q3 2020, indicating a turnaround in profitability[24] - Net profit for Q3 2021 was ¥6,711,725.89, recovering from a net loss of ¥12,881,288.56 in the previous year[24] - Total comprehensive income for the period was CNY 6,711,725.89, compared to a loss of CNY 12,881,288.56 in the previous period[25] - Basic and diluted earnings per share were CNY 0.0527, recovering from a loss of CNY 0.1598 in the previous period[25] Assets and Liabilities - The total assets at the end of Q3 2021 were CNY 1,118,971,650.39, a decrease of 0.70% from the end of the previous year[4] - The company's total assets amounted to ¥1,118,971,650.39, slightly down from ¥1,126,861,833.44 at the end of the previous quarter[22] - Total liabilities decreased to ¥104,337,966.33 from ¥119,209,254.85, reflecting improved financial stability[21] - The company's total current assets were ¥1,015,008,284.10, slightly down from ¥1,034,114,696.85, reflecting a minor reduction in short-term resources[20] - Owner's equity totaled CNY 1,007,652,578.59, with the equity attributable to shareholders amounting to CNY 1,008,391,533.39[33] Cash Flow - The company’s cash flow from operating activities showed a net outflow of CNY 70,967,326.58, a decrease of 19.15% year-over-year[3] - Cash flow from operating activities generated a net outflow of CNY 70,967,326.58, an improvement from a net outflow of CNY 87,778,947.32 in the previous period[28] - Cash inflow from operating activities totaled CNY 109,773,634.40, significantly higher than CNY 42,126,227.07 in the previous period[28] - Cash outflow from operating activities was CNY 180,740,960.98, compared to CNY 129,905,174.39 in the previous period[28] - The net cash flow from operating activities decreased by 19.15% year-on-year, amounting to -70,967,326.58 CNY, attributed to increased sales revenue and corresponding cash receipts[11] - The net cash flow from investing activities significantly improved by 98.20%, totaling -7,428,654.30 CNY, due to cash management of idle funds[11] - The net cash flow from financing activities decreased by 65.92%, amounting to -3,374,660.00 CNY, primarily due to a reduction in dividend distribution[11] Investments and Financial Assets - The company reported a significant increase in trading financial assets, which rose by 2272.99% to CNY 241,606,904.11 due to the purchase of guaranteed financial products[8] - The company’s long-term equity investments increased by 341.91% to CNY 6,408,830.46, primarily due to investments in a partnership[9] - The company has invested 240 million CNY in financial products as of July 2021, which have not yet matured[16] - The company reported a significant increase in accounts receivable, totaling ¥420,231,744.66, compared to ¥363,886,503.64 in the previous period, suggesting growth in sales[20] Government and Policy Impact - The company received government subsidies amounting to CNY 191,421.53 during the reporting period, contributing to its non-operating income[6] - The company faced delays in the implementation of its fundraising projects due to the COVID-19 pandemic and changes in government policies[16] - The planned acquisition of office space for various projects was affected by policy changes, leading to the cancellation of agreements and a refund of 7,396,878.05 CNY[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,921[14] - The largest shareholder, Ningbo Meishan Bonded Port Area Zhongke Haixun Technology Investment Partnership, holds 29.26% of shares, totaling 34,546,824 shares[14] Research and Development - Research and development expenses for the quarter were ¥36,196,682.62, up from ¥28,265,102.29, highlighting a focus on innovation[23] Lease and Compliance - The company reported a lease liability of CNY 9,114,425.48, with CNY 4,417,642.35 classified as current liabilities[35] - The average incremental borrowing rate for lease liabilities was 7.00% as of January 1, 2021[35] - The company has made adjustments to comply with new leasing standards, impacting the reported lease liabilities[34] - The company has not undergone an audit for the third quarter report[36]

Financial Performance - The company's operating revenue for the reporting period reached ¥111,599,082.03, representing a 263.85% increase compared to ¥30,672,139.74 in the same period last year[21]. - Net profit attributable to shareholders was ¥15,130,951.59, a significant turnaround from a loss of ¥9,114,207.19 in the previous year, marking a 266.02% increase[21]. - The net profit after deducting non-recurring gains and losses was ¥11,229,390.90, compared to a loss of ¥16,842,098.51 last year, reflecting a 166.67% improvement[21]. - The basic earnings per share increased to ¥0.1923 from a loss of ¥0.12, showing a growth of 260.25%[21]. - The company reported a significant increase in revenue for the first half of 2021, achieving a total of 500 million RMB, representing a 25% year-over-year growth[124]. - The net profit for the first half of 2021 was ¥16,101,956.18, compared to a net loss of ¥9,443,997.13 in the first half of 2020, marking a turnaround[192]. - The company achieved a profit before tax of ¥18,637,972.17, compared to a loss before tax of ¥11,848,740.48 in the previous year[192]. Research and Development - The company has a focus on developing new products and technologies, particularly in the field of underwater acoustic technology[12]. - The company is focused on enhancing its research and development capabilities to drive innovation in its product offerings[12]. - Research and development investment increased by 18.57% to ¥21,587,349.52, indicating the company's commitment to enhancing its product offerings[44]. - The company has a dedicated R&D team of 153 members, with 65.11% of its workforce engaged in research and development, including 7 PhDs and 41 Master's degree holders[40]. - The company is investing $15 million in R&D for new technologies to improve product offerings and maintain competitive advantage[119]. - Research and development expenses for the first half of 2021 were ¥21,587,349.52, compared to ¥18,206,332.17 in the same period of 2020, reflecting a focus on innovation[190]. Market Expansion and Strategy - The company is actively pursuing market expansion strategies, including potential mergers and acquisitions to enhance its competitive position[12]. - The company plans to expand its market presence and enhance its competitive strategy as discussed in investor meetings[85]. - The company is expanding its market presence in Southeast Asia, targeting a 30% market share within the next two years[117]. - Market expansion plans include entering two new international markets by the end of 2021, aiming for a 5% market share in each[119]. - A strategic acquisition of a smaller tech firm was announced, expected to enhance the company's technological capabilities and add $5 million in annual revenue[118]. Financial Management and Governance - The management team has confirmed the accuracy and completeness of the financial report, ensuring accountability for any misrepresentation[3]. - The company is committed to maintaining a robust governance structure to support its strategic objectives[4]. - The company emphasizes the importance of managing accounts receivable and inventory to mitigate financial risks[5]. - The company has implemented a stock incentive plan to motivate employees and align their interests with shareholders[91]. - The management emphasized the importance of compliance and transparency, pledging to uphold investor rights and provide timely disclosures[123]. Risks and Challenges - The company reported a significant risk of performance volatility due to the characteristics of the special electronic information industry, which may lead to customer concentration risk[5]. - The company acknowledges the risk of significant fluctuations in performance due to external market conditions[74]. - The company faces risks related to the seasonal nature of its sales, with most revenue and profits typically realized in the second and fourth quarters[77]. - The company is exposed to risks associated with the procurement plans of its end-users, which are influenced by national budgets and international security environments, leading to potential revenue volatility[75]. - The company relies heavily on core technical personnel, with 65.11% of its workforce being technical staff, which poses a risk if there is a significant turnover of key personnel[83]. Cash Flow and Assets - The company reported a net cash flow from operating activities of -¥22,223,722.01, an improvement of 63.55% from -¥60,971,478.22 in the previous year[21]. - Cash and cash equivalents increased to ¥433,695,420.27, representing 38.18% of total assets, up from 8.29% last year, due to the redemption of financial products[54]. - Accounts receivable rose to ¥407,355,477.77, accounting for 35.86% of total assets, a slight increase of 0.51% attributed to business growth[54]. - The total assets at the end of the reporting period were ¥1,135,985,401.91, a slight increase of 0.81% from ¥1,126,861,833.44 at the end of the previous year[21]. Shareholder and Equity Information - The company plans not to distribute cash dividends, issue bonus shares, or increase capital from reserves[6]. - The company distributed cash dividends of RMB 0.50 per 10 shares, totaling RMB 3.935 million, and increased its total share capital to 118.05 million shares through a capital reserve transfer[160]. - The largest shareholder, Ningbo Meishan Bonded Port Area Zhongke Haixun Technology Investment Partnership, holds 23,031,216 shares, representing 29.26% of total shares[169]. - The total number of ordinary shareholders at the end of the reporting period was 13,213[168]. Environmental and Social Responsibility - The company is not classified as a key pollutant discharge unit and has not faced any administrative penalties for environmental issues during the reporting period[98]. - The company has completed the environmental impact registration for its construction project, with registration number: 202011010800001130[99]. - The company has not yet initiated poverty alleviation or rural revitalization efforts during the reporting period, but plans to select suitable projects for social responsibility work in the second half of 2021[99].

Financial Performance - The net profit attributable to shareholders decreased by 74.08% compared to the same period last year due to delays in bidding, R&D, production, delivery, and acceptance caused by the pandemic[6]. - The company's operating revenue for 2020 was ¥125,155,641.31, a decrease of 48.15% compared to ¥241,367,321.98 in 2019[19]. - The net profit attributable to shareholders for 2020 was ¥21,209,443.59, down 74.08% from ¥81,814,326.66 in 2019[19]. - The net cash flow from operating activities was -¥59,512,862.48, a decline of 696.67% compared to ¥9,974,087.34 in 2019[19]. - Basic earnings per share decreased by 80.00% to ¥0.27 in 2020 from ¥1.35 in 2019[19]. - The weighted average return on equity for 2020 was 2.10%, down from 14.91% in 2019[19]. - The company reported a significant increase in non-operating income, totaling CNY 318,582.52 in 2020 compared to CNY 3,272,630.69 in 2019, indicating a decrease of approximately 90.3% year-over-year[25]. - Government subsidies recognized in the current period amounted to CNY 2,280,283.81 in 2020, down from CNY 4,051,771.02 in 2019, reflecting a decline of about 43.7%[25]. - The company’s total revenue for 2020 was 125.16 million CNY, a significant decrease from 241.37 million CNY in 2019, indicating substantial revenue volatility[53]. - The company reported a net profit margin of 12% for 2020, an increase from 10% in 2019[153]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 0.5 RMB per 10 shares (including tax) and to increase capital reserves by 5 shares for every 10 shares held[6]. - The board of directors has approved the profit distribution plan based on 78,700,000 shares[6]. - The cash dividend represents 18.55% of the net profit attributable to the company's ordinary shareholders, which was RMB 21,209,443.59 for 2020[132]. - The company has established a clear and complete profit distribution policy, ensuring shareholder interests are protected[126]. - The company proposed a cash dividend of RMB 0.50 per 10 shares, totaling RMB 3,935,000 for the year 2020[130]. R&D and Product Development - The company is focused on continuous R&D and production improvements to align with customer requirements[6]. - The company’s R&D investment reached CNY 4,651.31 million, an increase of 12.14% year-on-year, accounting for 37.16% of operating revenue[47]. - The company is undergoing localization modifications of its main products in response to changes in customer needs[6]. - The company is focusing on the localization of key products, with domestic prototypes of signal processing platform products completed and small batch orders expected this year[48]. - The company is actively preparing for bidding in the sonar system and unmanned detection product sectors, aligning with user demands for new R&D directions[49]. Market and Competitive Position - The market demand for the company's products is anticipated to maintain a growth trend in the future[6]. - The company maintains a strong competitive advantage in the sonar equipment sector, supported by national defense budget allocations of CNY 13,795.44 billion for 2021, which is a 6.8% increase from the previous year[34]. - The company focuses on R&D in sonar-related products, with applications in national special electronic information sectors, ensuring alignment with user needs and strategic industry directions[28]. - The company is focusing on enhancing its competitive edge by providing integrated solutions in the sonar system field, leveraging its strong design and system integration capabilities[42]. Operational Activities - The production and operational activities of the company have fully resumed to normal levels[6]. - The company is actively communicating with customers regarding product R&D, production, and delivery acceptance to mitigate the pandemic's impact on performance[6]. - The company has not reported any significant differences in net profit and net assets between international and Chinese accounting standards during the reporting period[22]. - The company has a seasonal revenue pattern, with the fourth quarter contributing 56.97% of total annual revenue in 2020, indicating potential seasonal loss risks[53]. Employee and Talent Management - As of December 31, 2020, the company had a total of 243 employees, a 10.45% increase from the previous year, with 166 technical personnel, representing 68.31% of the total workforce[47]. - The company employed 68.31% technical personnel as of December 31, 2020, with a total of 61 individuals holding doctoral or master's degrees[60]. - The company has taken measures to retain core technical personnel, including improving benefits and establishing R&D platforms[60]. - The company plans to recruit a large number of professional and management talents to support sustainable development[125]. Community and Social Responsibility - In May 2020, the company donated 100,000 masks, 10 boxes of medical alcohol, and 10 boxes of disinfectant to Beijing No. 11 School to support students' return to school amid the pandemic[198]. - In March 2020, the company donated over 500,000 yuan to Wuhan through the Haidian District Red Cross for COVID-19 prevention[198]. - In October 2020, the company invested over 100,000 yuan to support educational needs at Dushi Kou Primary School in Zhangjiakou, Hebei, providing equipment and winter clothing for students[200]. - The company focuses on education poverty alleviation as a primary investment direction, targeting impoverished villages nationwide[199]. - The company is actively involved in community welfare and disaster relief efforts, demonstrating its commitment to social responsibility[198]. Compliance and Governance - The company has committed to fulfilling its obligations under relevant laws and regulations to protect investor interests[159]. - The company has made assurances regarding the integrity of its financial statements and the potential impact on public investors[156]. - The company has engaged professional firms for legal and accounting services to ensure the accuracy of its financial disclosures[158]. - The company has established a framework for evaluating the performance of its management in relation to shareholder returns[160]. - The company will ensure compliance with commercial standards when determining transaction prices and conditions for related party dealings[164].

Financial Performance - The company's operating revenue for Q1 2021 was ¥34,077,542.44, representing a 76.58% increase compared to ¥19,298,282.67 in the same period last year[7]. - The net profit attributable to shareholders was ¥453,927.61, a decrease of 82.58% from ¥2,606,500.59 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥97,242.34, down 95.54% from ¥2,181,412.23 in the previous year[7]. - The basic earnings per share decreased by 66.67% to ¥0.01 from ¥0.03 in the same period last year[7]. - The diluted earnings per share also decreased by 66.67% to ¥0.01 from ¥0.03 year-on-year[7]. - The weighted average return on equity was 0.04%, down 0.22% from 0.26% in the previous year[7]. - The company reported a net profit of CNY 1,895,089.59 for Q1 2021, compared to a net loss in the previous period[40]. - The net profit for the first quarter of 2021 was CNY 4,025,017.81, slightly down from CNY 4,092,835.63 in the previous period, reflecting a decrease of approximately 1.65%[46]. - The total profit for the first quarter was CNY 4,361,229.03, compared to CNY 4,815,100.74 in the previous period, showing a decline of about 9.4%[45]. Cash Flow and Liquidity - The net cash flow from operating activities improved to -¥21,518,324.61, a 57.92% increase compared to -¥51,142,705.86 in the same period last year[7]. - Cash and cash equivalents increased by 67.52% compared to the beginning of the period, mainly due to the redemption of bank wealth management products purchased in 2020[15]. - The net increase in cash and cash equivalents rose by 133.22% year-on-year, reflecting the combined effects of various factors[16]. - The cash and cash equivalents at the end of the period amounted to 391,759,279.08 CNY, up from 102,209,291.19 CNY in the previous period, indicating a strong liquidity position[50]. - The company reported a cash inflow from operating activities of CNY 42,883,741.00, a substantial increase from CNY 5,030,750.00 in the previous period[48]. - The cash inflow from operating activities totaled 41,924,329.77 CNY, a significant increase from 9,733,683.73 CNY in the previous period, reflecting improved operational efficiency[51]. - The company recorded an investment income of CNY 644,351.90 for the first quarter, compared to CNY 3,038,238.17 in the previous period, indicating a significant decrease[44]. - The company reported a cash increase of 157,897,022.35 CNY during the period, contrasting with a decrease of 475,301,963.64 CNY in the previous period, indicating a turnaround in cash management[50]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,110,155,027.43, a decrease of 1.48% from ¥1,126,861,833.44 at the end of the previous year[7]. - The total assets decreased to CNY 1,118,337,699.50 from CNY 1,133,464,107.78, a decline of about 1.3%[36]. - The total liabilities decreased to CNY 101,278,840.52 from CNY 119,209,254.85, indicating a reduction of about 15.1%[34]. - The total equity attributable to shareholders rose to CNY 1,009,163,434.13 from CNY 1,008,391,533.39, showing a slight increase of 0.08%[34]. - Deferred income tax liabilities increased by 77.39% compared to the beginning of the period, due to changes in the fair value of trading financial assets[15]. Operational Efficiency - Operating revenue increased by 76.58% year-on-year, attributed to the gradual improvement in the company's production and operational conditions[15]. - Operating costs increased by 184.94% year-on-year, primarily due to an increase in delivered products and costs associated with customized products[15]. - The company reported a significant increase in cash flow from operating activities, indicating improved operational efficiency[36]. - The total cash outflow from operating activities was 63,549,194.73 CNY, slightly higher than 59,127,519.12 CNY in the previous period, suggesting increased operational costs[51]. Research and Development - Research and development expenses for Q1 2021 were CNY 9,251,654.36, compared to CNY 8,014,419.54 in the previous period, representing an increase of approximately 15.4%[40]. - Research and development expenses for the first quarter were CNY 6,470,409.90, slightly up from CNY 6,407,619.84 in the previous period[44]. - The progress of the "Third Generation Underwater Acoustic Signal Processing Platform R&D Industrialization" project has been delayed due to the impact of the COVID-19 pandemic[22]. Strategic Initiatives - The company implemented a "one body, two wings" development strategy, focusing on traditional signal processing and expanding into underwater big data and unmanned detection fields[17]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[36]. - The total amount of raised funds for the quarter is RMB 44,191.79 million, with a cumulative investment of RMB 15,104.64 million[22]. - The company has completed the replacement of self-raised funds with raised funds amounting to RMB 44,697,424.13[23]. Compliance and Governance - The company has no violations regarding external guarantees during the reporting period[25]. - The company has no non-operating fund occupation by controlling shareholders or their affiliates during the reporting period[26]. - There were no issues or other situations regarding the use and disclosure of raised funds[23].