证券代码：300851 证券简称：交大思诺 公告编号：2023-022 北京交大思诺科技股份有限公司 关于举行 2022 年度网上业绩说明会的公告 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。 北京交大思诺科技股份有限公司（以下简称"公司"）《2022年年度报告》及 《 2022 年年度报告摘要》 已 于 2023 年 4 月 26 日在巨潮资讯网 (http://www.cninfo.com.cn)上披露。 为使广大投资者进一步了解公司2022年年报及经营情况，公司将于2023年5 月11日下午15:00-17:00在全景网举行2022年度网上业绩说明会，本次业绩说明会 将采用网络远程的方式举行，投资者可登录全景网"投资者关系互动平台" （http://ir.p5w.net）参与本次年度业绩说明会。 出席本次网上业绩说明会的人员有：公司董事长李伟先生、独立董事毕克先 生、董事会秘书童欣女士、财务总监徐红梅女士等。 为进一步做好中小投资者保护工作，增进投资者对公司的了解和认同，以提 升公司治理水平，现就公司2022年度业绩说明会提前向投资者征集相关问题，广 ...

Financial Performance - The company's revenue for Q3 2022 reached ¥48,634,127.43, representing a 91.19% increase year-over-year[3] - Net profit attributable to shareholders was ¥8,707,659.23, a significant increase of 177.53% compared to the same period last year[3] - The basic earnings per share for the period was ¥0.1002, reflecting a 177.61% increase year-over-year[4] - Total operating revenue for Q3 2022 was CNY 174,362,076.73, an increase of 4.83% compared to CNY 166,754,988.42 in Q3 2021[21] - Net profit for Q3 2022 was CNY 20,719,592.41, a decrease of 9.8% from CNY 22,974,618.28 in Q3 2021[22] - Earnings per share for Q3 2022 were CNY 0.2535, down from CNY 0.2759 in Q3 2021, indicating a decline of 8.7%[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,313,821,233.52, down 5.16% from the previous year-end[4] - The total assets as of the end of Q3 2022 amounted to CNY 1,313,821,233.52, a decrease from CNY 1,385,319,557.39 at the end of Q3 2021[19] - Total liabilities decreased to CNY 88,677,358.27 in Q3 2022 from CNY 150,753,680.12 in Q3 2021, representing a significant reduction of 41.2%[19] - The total equity attributable to shareholders was ¥1,221,905,764.22, a slight decrease of 0.66% from the previous year-end[4] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥11,667,782.51, a decrease of 51.09% compared to the same period last year[9] - The net cash flow from operating activities for the current period is ¥11,667,782.51, a decrease of 51% compared to ¥23,856,758.09 in the previous period[25] - The total cash inflow from investment activities is ¥513,815,431.53, down from ¥679,177,846.26 in the previous period, reflecting a decline of approximately 24%[25] - The net cash flow from investment activities is -¥84,029,343.45, an improvement compared to -¥329,674,412.69 in the previous period[25] - The cash flow from operating activities totaled ¥254,675,870.65, a decrease of approximately 4% from ¥266,297,940.74 in the previous period[24] Investments and Income - The company reported a significant increase in investment income, amounting to ¥16,095,374.54, which is a 197.21% increase year-over-year[9] - The company reported an investment income of CNY 16,095,374.54 for Q3 2022, significantly higher than CNY 5,415,510.63 in the previous year[22] - The company's long-term equity investments increased slightly to CNY 64,658,486.84 from CNY 64,152,235.84 year-over-year[19] Shareholder Information - The total number of restricted shares held by major shareholders remains at 52,321,800, with no changes during the reporting period[15] - Major shareholder Qiu Kuanmin holds 24.04% of the shares, totaling 20,898,000 shares[12] - The company has not disclosed any significant changes in the relationships or agreements among the top ten shareholders[12] - The company plans to lift restrictions on shares held by executives on July 19, 2023, for several major shareholders[14] Operational Metrics - The company's cash and cash equivalents decreased by 55.04% to ¥83,703,283.66, primarily due to cash management and dividend distribution[9] - As of September 30, 2022, the company's cash and cash equivalents decreased to ¥83,703,283.66 from ¥186,185,436.48 at the beginning of the year, representing a decline of approximately 55%[17] - Accounts receivable decreased to ¥178,339,031.67 from ¥217,202,058.40, indicating a reduction of approximately 18%[17] - Inventory increased to ¥129,832,239.72 from ¥119,640,906.63, reflecting an increase of about 8.5%[17] - Research and development expenses for Q3 2022 were CNY 67,287,583.83, a decrease of 3.6% compared to CNY 69,862,776.98 in Q3 2021[21] Government Support - The company received government subsidies totaling ¥2,118,316.03 during the reporting period, contributing to its non-recurring gains[6] Other Information - The company has not reported any new strategies or significant market expansions during this quarter[16]

Financial Performance - The company reported a total revenue of RMB 100 million for the first half of 2022, representing a year-on-year increase of 15%[18]. - The net profit attributable to shareholders for the same period was RMB 20 million, up 10% compared to the previous year[18]. - The company's operating revenue for the reporting period was ¥125,727,949.30, a decrease of 11.03% compared to the same period last year[24]. - Net profit attributable to shareholders was ¥13,329,145.51, down 62.15% year-over-year[24]. - The net profit after deducting non-recurring gains and losses was ¥4,065,355.54, reflecting an 82.74% decline compared to the previous year[24]. - The company's total profit for the first half of 2022 was CNY 12,311,703.56, a decline of 67.3% from CNY 37,677,290.62 in the same period last year[176]. - The total comprehensive income for the first half of 2022 was CNY 12,332,828.17, down from CNY 34,679,199.62 in the previous year, reflecting the overall decline in profitability[176]. - The company reported a net profit margin decline due to increased operating costs, impacting profitability[174]. Market Expansion and Strategy - The company plans to expand its market presence by entering three new provinces by the end of 2022[18]. - The company aims to achieve a market share of 30% in the train control system sector by 2025[18]. - The company plans to focus on market expansion and new product development in the upcoming quarters[174]. - The company is exploring potential mergers and acquisitions to enhance its market position and operational capabilities[188]. - The company plans to expand its marketing network to diversify its client base and mitigate risks associated with client concentration[93]. Research and Development - Research and development expenses increased by 20% to RMB 15 million, focusing on new technologies in train control systems[18]. - The company's R&D investment was ¥44,228,684.23, a slight decrease of 1.75% from ¥45,016,751.46 in the previous year[55]. - The company focuses on independent research and innovation, mastering core technologies in product development[38]. - The company has a core R&D team that includes early signal-related PhDs, providing strong technical support for innovation[47]. - The company aims to enhance its research and development capabilities to innovate and improve product offerings[197]. Financial Management and Investments - The company has set a revenue target of RMB 250 million for the full year 2022, indicating a growth forecast of 20%[18]. - The company's cash flow from operating activities was ¥9,374,807.21, a decrease of 49.65% from the same period last year[24]. - The company reported an investment income of ¥6,850,291.34, accounting for 55.64% of total profit, primarily from cash management activities[62]. - The total investment during the reporting period was 435,125,467.98, a decrease of 47.84% compared to the previous year[68]. - The company plans to invest raised funds in product upgrades, laboratory construction, and the establishment of a production base, among other projects[103]. Operational Risks and Challenges - The management highlighted risks related to supply chain disruptions and regulatory changes that could impact future performance[6]. - The company faces operational risks due to revenue fluctuations influenced by national policies and construction progress, with a significant portion of revenue concentrated in the second half of the year[90]. - The company is at risk of talent shortages in a highly technical field, which could hinder its ability to meet market demands[97]. - The company faces risks related to rapid technological updates in the rail transit industry, which could impact its market competitiveness if not managed properly[96]. Shareholder and Governance Matters - No cash dividends or stock bonuses will be distributed to shareholders for this fiscal year[7]. - The company has implemented a stock incentive plan to enhance employee motivation and align interests with shareholders[110]. - The company has established a governance structure to maintain stability among its major shareholders[103]. - The company reported a profit distribution plan for 2021, which has been fully implemented to reward investors[121]. Compliance and Environmental Responsibility - The company strictly adheres to national environmental protection laws and regulations, with no administrative penalties for environmental issues during the reporting period[118]. - The company has implemented measures to reduce carbon emissions, although specific details were not disclosed[119].

Financial Performance - The company's operating revenue for Q1 2022 was ¥49,913,138.88, a decrease of 28.57% compared to ¥69,872,553.17 in the same period last year[3] - The net profit attributable to shareholders was -¥3,951,599.54, representing a decline of 118.35% from ¥21,531,119.27 year-on-year[3] - The basic earnings per share were -¥0.0455, a decrease of 118.37% from ¥0.2477 in the same period last year[3] - Net profit for Q1 2022 was a loss of CNY 4,479,395.58, compared to a profit of CNY 21,316,333.98 in Q1 2021[25] - The total comprehensive income for the period was -4,479,395.58 CNY, compared to 21,316,333.98 CNY in the previous period[26] Cash Flow - The net cash flow from operating activities was -¥5,203,224.78, a significant drop of 211.78% compared to a positive cash flow of ¥4,654,919.60 in the previous year[3] - Cash inflow from operating activities totaled 98,834,297.81 CNY, down from 109,810,426.91 CNY year-over-year[29] - Cash outflow from operating activities was 104,037,522.59 CNY, slightly lower than 105,155,507.31 CNY in the previous period[29] - The net cash flow from investing activities was -114,181,292.97 CNY, an improvement from -332,156,178.10 CNY in the previous period[29] - The ending cash and cash equivalents balance was 50,623,267.45 CNY, a decrease from 81,044,140.42 CNY in the previous period[30] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,332,654,217.48, down 3.80% from ¥1,385,319,557.39 at the end of the previous year[3] - Total liabilities decreased to CNY 103,151,974.22 from CNY 150,753,680.12, a reduction of 31.5%[21] - The company’s equity attributable to shareholders decreased to CNY 1,225,474,715.94 from CNY 1,230,010,553.91, a slight decline of 0.4%[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 11,336[12] - The largest shareholder, Qiu Kuanmin, holds 24.04% of the shares, totaling 20,898,000 shares[12] - The top ten shareholders collectively hold significant stakes, with the top three alone accounting for 43.37% of the total shares[12] - There are no changes in the number of restricted shares for major shareholders during the reporting period[15] - The company plans to lift restrictions on shares for major shareholders on July 19, 2023[15] Income and Expenses - Total operating costs increased to CNY 62,453,871.08, up 3.3% from CNY 60,466,058.62 year-over-year[23] - The company reported a significant increase in research and development expenses, totaling CNY 20,674,388.05, compared to CNY 21,561,606.33 in the previous year[23] - The company experienced a 49.05% decrease in other income, which fell to ¥3,912,937.99 compared to ¥7,679,586.87 in the previous year[10] - The company recorded an investment loss from joint ventures of CNY -1,986,162.54, compared to CNY -132,050.79 in the previous year[25] Cash and Cash Equivalents - The company reported a significant decrease in cash and cash equivalents, with a 64.27% decline in monetary funds[9] - The cash and cash equivalents at the end of the period amount to ¥66,530,843.01, down from ¥186,185,436.48 at the beginning of the year[19] - The net increase in cash and cash equivalents was -¥119,918,955.75, a 63.41% decrease from -¥327,702,586.50 in the previous year[10] - Cash and cash equivalents in current assets amounted to CNY 558,793,631.38, an increase from CNY 458,738,973.84[20] - Accounts receivable decreased to CNY 203,963,153.10 from CNY 217,202,058.40, a decline of 6.0%[20] Strategic Initiatives - The company has not reported any new product launches or technological advancements in this quarter[16] - There are no indications of market expansion or mergers and acquisitions mentioned in the report[16] - The company has not disclosed any new strategic initiatives in the current reporting period[16]

Financial Performance - The company's operating revenue for 2021 was CNY 362,276,798.41, representing a 0.94% increase compared to CNY 358,920,304.33 in 2020 [23]. - The net profit attributable to shareholders for 2021 was CNY 96,927,462.07, a decrease of 19.65% from CNY 120,624,229.82 in 2020 [23]. - The net cash flow from operating activities decreased by 66.14% to CNY 34,446,401.20 in 2021, down from CNY 101,719,885.70 in 2020 [23]. - The basic earnings per share for 2021 was CNY 1.11, down 31.48% from CNY 1.62 in 2020 [23]. - The total assets at the end of 2021 were CNY 1,385,319,557.39, reflecting a 6.13% increase from CNY 1,305,280,490.98 at the end of 2020 [23]. - The net assets attributable to shareholders increased by 5.99% to CNY 1,230,010,553.91 at the end of 2021, compared to CNY 1,160,477,293.92 at the end of 2020 [23]. - The company reported a significant decline in net profit after deducting non-recurring gains and losses, which was CNY 76,588,936.09 in 2021, down 33.40% from CNY 115,004,182.49 in 2020 [23]. - The company reported a total of CNY 20,338,525.98 in non-recurring gains in 2021, significantly higher than CNY 5,620,047.33 in 2020 [30]. - The company achieved a revenue of CNY 362.28 million in 2021, representing a year-on-year growth of 0.94% [59]. - The net profit attributable to shareholders was CNY 97 million, a decrease of 19.65% compared to the previous year, primarily due to increased R&D investments [59]. Dividend Distribution - The company plans to distribute a cash dividend of 3.40 RMB per 10 shares to all shareholders, based on a total of 86,933,400 shares [7]. - For the 2021 fiscal year, the proposed cash dividend is ¥3.40 per 10 shares, amounting to ¥29,557,356.00, based on a total share capital of 86,933,400 shares [188]. - The total distributable profit for the year was ¥397,573,376.50, with cash dividends accounting for 100% of the profit distribution [185]. Research and Development - The company is actively pursuing research and development efforts to advance its technology and product capabilities [7]. - Over 50% of the company's workforce is dedicated to research and development, ensuring continuous innovation and product improvement [46]. - The company has accumulated 129 patents, including 97 invention patents, enhancing its competitive edge in the market [50]. - The company has developed a new product, the train operation monitoring device (LKJ), which has received its first order, marking a significant breakthrough in market application [37]. - The company emphasizes innovation and has established a market-oriented R&D mechanism to enhance product performance and expand application areas [43]. - The company is focusing on enhancing its product offerings with innovations in portable testing instruments for railway signal systems [52]. - The company plans to accelerate the R&D of new products, including the next-generation LKJ-15, to capitalize on industry trends and enhance competitiveness [118]. - The company has invested 200 million RMB in R&D for new technologies, aiming to introduce at least three innovative products in the next year [159]. Market Expansion and Strategy - The company is focused on expanding its market presence and enhancing its product offerings through new technologies and innovations [7]. - The company is expanding its market presence with new products such as a long-distance responder information transmission system, which aims to enhance communication capabilities [52]. - The company is expanding its market presence, targeting new regions in Southeast Asia, aiming for a 10% market share by the end of the next fiscal year [55]. - A strategic acquisition of a smaller tech firm was completed, which is anticipated to contribute an additional 200 million RMB in revenue annually [57]. - The company aims to expand its market share in the rail transit signal market, focusing on train operation control systems and enhancing safety requirements, leveraging its experience in key equipment like locomotive signals and responder systems [116]. Corporate Governance - The company has established a robust framework for corporate governance, ensuring accountability and transparency in its operations [7]. - The board of directors consists of 12 members, including 4 independent directors, meeting the legal requirements for corporate governance [138]. - The company has a complete and independent financial management system, with a dedicated finance department and independent accounting practices [143]. - The company has established a close and trustworthy cooperative relationship among its six key executives, ensuring consistent corporate governance practices [132]. - The company is committed to continuous improvement of its corporate governance structure in accordance with relevant laws and regulations [140]. Operational Risks and Challenges - The company faces operational risks due to revenue fluctuations influenced by national policies and project completion timelines, with a significant portion of revenue concentrated in the second half of the year [121]. - The company has a high customer concentration risk, with major clients including system integrators and large state-owned enterprises, which could impact performance if any major client experiences difficulties [123]. - The company is at risk of changes in government policies affecting the rail transit industry, which could impact its operations [130]. - The company faces a high balance of goods issued due to the long interval between shipment and revenue recognition, which may affect liquidity [131]. - The company will enhance accounts receivable management to mitigate collection risks associated with long payment cycles from clients [131]. Employee Management and Compensation - The total remuneration for directors, supervisors, and senior management in 2021 amounted to 11.6988 million CNY [166]. - The company has established a competitive salary system aligned with its long-term development strategy, adhering to the Labor Contract Law of the People's Republic of China [180]. - The total employee compensation for the reporting period was ¥109,751,492.92, accounting for 36.45% of the company's total operating costs, compared to 38.66% in the previous year [181]. - The company has implemented a restricted stock incentive plan for 2021, which was approved by the board [169]. - The company has established a comprehensive welfare system to attract and retain talent, supporting sustainable development [181]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 15% to 1.725 billion RMB [57]. - The company has outlined plans for future growth, including the development of a railway equipment tracking management system to streamline operations [52]. - The company aims to strengthen its competitive edge through continuous innovation and adaptation to market demands, supported by its experienced management team [155].

Financial Performance - The company's revenue for Q3 2021 was ¥25,438,229.53, a decrease of 53.20% compared to the same period last year[7]. - The net profit attributable to shareholders was -¥11,230,717.48, representing a decline of 435.57% year-on-year[7]. - The net profit after deducting non-recurring gains and losses was -¥16,622,324.37, a decrease of 1,130.26% compared to the previous year[7]. - Total operating revenue for Q3 2021 was ¥166,754,988.42, a decrease of 2.8% compared to ¥171,726,401.54 in the same period last year[27]. - Net profit for Q3 2021 was ¥22,974,618.28, down 36.1% from ¥35,976,004.89 in Q3 2020[29]. - The company reported a total comprehensive income of ¥22,974,618.28 for the quarter, reflecting a decrease from ¥35,976,004.89 in the same period last year[30]. - Basic and diluted earnings per share decreased to ¥0.2759 from ¥0.5137 in the previous year[30]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,312,440,268.23, an increase of 0.55% from the end of the previous year[8]. - The company’s total equity attributable to shareholders decreased by 0.27% to ¥1,157,358,669.94 compared to the end of the previous year[8]. - The total liabilities increased to ¥150,108,986.64, up from ¥144,803,197.06 year-on-year[26]. - The total assets amounted to 1,306,022,441.55 CNY, reflecting an increase of 742,000 CNY due to adjustments related to the new leasing standards[38]. - The total liabilities were 145,545,147.63 CNY, which includes a non-current liability of 12,495,400.59 CNY[38]. Cash Flow - The company reported a net cash flow from operating activities of ¥23,856,758.09, an increase of 148.95% year-to-date[7]. - The operating cash flow for the third quarter was ¥23,856,758.09, an increase of 148.95% compared to ¥9,582,908.91 in the previous period, mainly due to increased collections during the period[14]. - The cash flow from investing activities was -¥329,674,412.69, a decrease of 35.15% from -¥508,399,781.64, primarily due to cash management during the period[14]. - The cash flow from financing activities was -¥30,246,012.88, a significant decrease of 106.03% compared to ¥501,204,122.11 in the previous period, attributed to the issuance of new shares in the prior period[14]. - The net cash flow from investment activities was -329,674,412.69 CNY, compared to -508,399,781.64 CNY in the previous year, indicating an improvement of approximately 35.3%[33]. - Total cash and cash equivalents at the end of the period were 72,683,059.44 CNY, down from 152,707,556.15 CNY year-over-year, representing a decrease of about 52.4%[33]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 12,858[16]. - The largest shareholder, Qiu Kuanmin, holds 24.04% of the shares, amounting to 20,898,000 shares[16]. - The second-largest shareholder, Xu Xun, holds 11.83% of the shares, totaling 10,284,000 shares[16]. - The company had a total of 6,520,000 shares held by Beijing Jiaotong University Asset Management Co., Ltd., representing 7.50% of the shares[16]. - The total number of restricted shares at the beginning of the period for Qiu Kuanmin was 20,898,000, with no shares released during the period[19]. - Zhao Ming had 4,536,000 restricted shares, with 4,536,000 released during the period, and an additional 3,402,000 shares added[19]. - The company does not have any shareholders among the top 10 holding shares through margin trading[17]. Investment and Expenses - The company’s investment income for the first nine months was ¥5,415,510.63, an increase of 495.21% compared to the same period last year[13]. - The company’s cash management and investments led to a significant increase in trading financial assets, which rose by 88.33% to ¥565,933,180.07[13]. - Research and development expenses rose to ¥69,862,776.98, an increase of 28.2% compared to ¥54,556,817.58 in the previous year[27]. - Long-term equity investments rose to CNY 39,895,311.38 from CNY 189,367.01, reflecting strategic investment decisions[25]. - The company acquired a 34.34% stake in Beijing Beijiao Xintong Technology Co., Ltd. for CNY 26.8183 million, enhancing its market position[22]. Other Financial Metrics - The weighted average return on equity was -0.97%, down by 1.33% year-on-year[7]. - The company's cash and cash equivalents decreased to CNY 88,659,272.23 from CNY 421,653,520.68, indicating a significant reduction in liquidity[24]. - Total current assets were reported at CNY 1,054,838,887.83, down from CNY 1,123,070,000.55, reflecting a decline of approximately 6.1%[25]. - Inventory increased to CNY 149,834,600.06 from CNY 134,346,226.54, representing an increase of about 11.5%[25]. - The company's accounts receivable decreased slightly to CNY 144,990,764.59 from CNY 153,847,672.65, indicating improved collection efforts[24]. - The total liabilities included accounts payable of CNY 24,485,716.07, down from CNY 46,601,288.61, showing a reduction of approximately 47.5%[25]. - The company reported a significant increase in contract liabilities to CNY 60,538,334.25 from CNY 13,174,824.41, indicating growth in advance payments received[25]. - The company’s total non-current assets increased to CNY 257,601,380.40 from CNY 182,210,490.43, marking a growth of approximately 41.4%[25]. Audit and Compliance - The report for the third quarter was not audited, which may impact the reliability of the financial data presented[39]. - The company has implemented new leasing standards affecting the financial statements, which required adjustments to the balance sheet[34].

Financial Performance - The company reported a total revenue of RMB 100 million for the first half of 2021, representing a year-on-year increase of 15% compared to the same period in 2020[21]. - The net profit attributable to shareholders was RMB 20 million, showing a growth of 10% year-on-year[21]. - The company's operating revenue for the current period reached ¥141,316,758.89, representing a 20.40% increase compared to ¥117,368,225.54 in the same period last year[27]. - Net profit attributable to shareholders was ¥35,211,438.06, up 7.91% from ¥32,629,236.66 year-on-year[27]. - The company's operating income for the period was CNY 127,520,463.59, representing a year-on-year increase of 78.39%[63]. - The total profit for the first half of 2021 was ¥37,677,290.62, compared to ¥36,715,118.34 in the first half of 2020, marking an increase of 2.6%[181]. - The total comprehensive income for the first half of 2021 was ¥34,679,199.62, compared to ¥32,629,236.66 in the first half of 2020, reflecting an increase of 6.3%[181]. - The company reported a significant decrease in financial expenses, with a net income of CNY -944,881.05, a 119.28% increase attributed to higher interest income[60]. Research and Development - Research and development expenses increased by 20% to RMB 15 million, focusing on new technologies in train control systems[21]. - Research and development expenses increased to CNY 45,016,751.46, primarily due to rising labor costs[60]. - The company maintains a core R&D team with over 50% of its personnel dedicated to research and development, ensuring continuous innovation[54]. - The company emphasizes innovation and has increased investment in new products and technologies to enhance product performance and application areas[46]. Market Expansion and Strategy - The company plans to expand its market presence by entering three new provinces in the next fiscal year, aiming for a 25% increase in market share[21]. - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market reach[21]. - The company has established a strong brand reputation over nearly 20 years of operation in the rail transit control system sector, leading to high market share in its main product categories[54]. - The company plans to expand its marketing network to diversify its customer base and reduce risks associated with customer concentration[100]. Financial Position and Assets - The total assets at the end of the reporting period were ¥1,295,603,842.72, a slight decrease of 0.74% from ¥1,305,280,490.98 at the end of the previous year[27]. - The company's cash and cash equivalents at the end of the period were CNY 124,088,903.32, down 22.72% from the previous year due to increased investment payments[68]. - The total liabilities at the end of the reporting period were CNY 664.97 million, maintaining a manageable debt level[194]. - The company's current assets totaled CNY 1,053,657,265.02, down from CNY 1,123,070,000.55 at the end of 2020, indicating a decrease of approximately 6.2%[171]. Risks and Challenges - The company has identified key risks including market competition and regulatory changes, with strategies in place to mitigate these risks[8]. - The company faces risks related to talent shortages in the technical field, which could hinder its ability to meet market demands[105]. - The company’s operations are closely tied to macroeconomic conditions and government investment in rail transit, which could impact demand for its products[103]. - The company has established quality management systems to mitigate risks associated with product quality and safety[97]. Shareholder and Equity Information - The total number of shares outstanding is 86,933,400, with 75% being restricted shares[154]. - The largest shareholder, Qiu Kuanmin, holds 24.04% of the shares, followed by Xu Xun with 11.83%[156]. - The company has a diverse shareholder structure, with six individuals holding 52.75% of shares, which could pose stability risks if control changes occur[112]. - The total equity attributable to the parent company at the end of the first half of 2021 was CNY 1,160.00 million, with a capital reserve of CNY 662.89 million and retained earnings of CNY 367.17 million[192]. Compliance and Governance - The company has not faced any administrative penalties related to environmental issues during the reporting period[123]. - The company has not engaged in any major litigation or arbitration matters during the reporting period[134]. - There are no significant related party transactions during the reporting period[135]. - The semi-annual financial report has not been audited[131].

Financial Performance - The company's operating revenue for Q1 2021 was ¥69,872,553.17, representing a 27.06% increase compared to ¥54,990,214.97 in the same period last year[9]. - Net profit attributable to shareholders for Q1 2021 was ¥21,531,119.27, a significant increase of 138.87% from ¥9,013,892.59 in the previous year[9]. - Basic earnings per share for Q1 2021 rose to ¥0.2477, up 79.23% from ¥0.1382 in the previous year[9]. - Operating profit for Q1 2021 reached 23.41 million yuan, up 116.36% year-on-year, driven by revenue growth[19]. - The company reported a total profit of ¥23,643,456.60 for the quarter, compared to ¥10,950,434.25 in the previous year, representing an increase of about 116%[58]. - The total comprehensive income for the first quarter of 2021 was ¥22,237,815.02, compared to ¥12,463,622.05 in the same period last year, representing an increase of approximately 78.5%[63]. Cash Flow and Assets - The net cash flow from operating activities improved to ¥4,654,919.60, a turnaround from a negative cash flow of ¥57,583,728.92 in the same period last year, marking a 108.08% increase[9]. - Cash and cash equivalents decreased by 77.89% to 93.24 million yuan as of March 31, 2021, primarily due to cash management activities[17]. - The company reported a net cash decrease of ¥327,702,586.50 for the quarter, compared to a decrease of ¥66,900,217.45 in the same period last year[67]. - The ending cash and cash equivalents balance was ¥81,044,140.42, down from ¥83,420,089.32 at the end of the previous year[67]. - The company's total assets amounted to ¥1,281,390,473.96, up from ¥1,262,761,739.99, showing a slight increase of about 1.5%[54]. Liabilities and Equity - The total current liabilities decreased from CNY 132,748,228.47 at the end of 2020 to CNY 93,022,530.29, a reduction of about 30%[50]. - The company's total liabilities decreased from CNY 144,803,197.06 at the end of 2020 to CNY 106,352,851.82, a reduction of approximately 26.6%[50]. - The total equity attributable to the parent company increased from CNY 1,160,477,293.92 at the end of 2020 to CNY 1,182,457,937.73, an increase of about 1.9%[51]. Research and Development - Research and development expenses for Q1 2021 amounted to 21.56 million yuan, reflecting a 33.40% increase compared to the same period last year[18]. - The company plans to maintain high R&D investment to enhance its technological capabilities[19]. - The company is committed to improving its talent management system to address the shortage of skilled personnel in the rail transit control equipment sector[29]. Risks and Challenges - The company faces operational risks due to seasonal revenue fluctuations, with a significant portion of revenue typically recognized in the second half of the year[23]. - Sales revenue from the top five customers accounted for a significant portion of the company's main business income, indicating high customer concentration risk[26]. - The company’s sales revenue is closely tied to the investment in rail transit construction, making it vulnerable to macroeconomic fluctuations and potential government policy changes[27]. - The company faces risks related to technology updates and the potential inability to keep pace with industry advancements, which could impact its market competitiveness[29]. - The company has established a safety stock system for critical electronic components to mitigate risks associated with international trade tensions[32]. Governance and Compliance - The company has established a governance structure to maintain stability among its major shareholders, who collectively hold 52.75% of the shares[35]. - The company has obtained the necessary licenses and certifications for its core products, which need to be renewed every five years, introducing uncertainty regarding future compliance[25]. - The first quarter report for 2021 was not audited, which may impact the reliability of the financial data presented[78].

Financial Performance - The company's operating revenue for 2020 was CNY 358,920,304.33, representing a 4.28% increase compared to CNY 344,180,020.69 in 2019[21]. - The net profit attributable to shareholders for 2020 was CNY 120,624,229.82, a 1.61% increase from CNY 118,707,260.52 in 2019[21]. - The net profit after deducting non-recurring gains and losses was CNY 115,004,182.49, showing a decrease of 1.52% from CNY 116,778,269.04 in 2019[21]. - The net cash flow from operating activities was CNY 101,719,885.70, down 15.21% from CNY 119,963,616.94 in 2019[21]. - The total assets at the end of 2020 reached CNY 1,305,280,490.98, an increase of 98.64% from CNY 657,105,676.07 at the end of 2019[21]. - The net assets attributable to shareholders increased by 116.28% to CNY 1,160,477,293.92 from CNY 536,550,420.10 in 2019[21]. - The basic earnings per share for 2020 was CNY 1.62, a decrease of 10.99% from CNY 1.82 in 2019[21]. - The weighted average return on equity for 2020 was 14.86%, down from 24.31% in 2019, reflecting a decrease of 9.45%[21]. - The company reported a significant increase in revenue for the year 2020, with total revenue reaching 1.5 billion RMB, representing a year-over-year growth of 20%[137]. - The net profit for the period was ¥120,624,229.82, reflecting a year-on-year growth of 1.61%[58]. Dividend Distribution - The company plans to distribute a cash dividend of 3.5 RMB per 10 shares to all shareholders, based on a total of 86,933,400 shares[7]. - The proposed cash dividend for 2020 is 3.5 yuan per 10 shares, totaling 30,426,690.00 yuan, which represents 100% of the profit distribution amount[132][135]. - The cash dividend payout ratio for 2020 is 49.73% of the net profit attributable to shareholders[135]. - The company has consistently maintained a cash dividend policy, with the 2020 proposal aligning with its articles of association and protecting minority shareholders' rights[132]. - The cash dividend for the first half of 2020 was 3.40 yuan per 10 shares, which has been fully implemented[133]. - The company did not distribute any dividends in 2019 as it was prior to its public listing[134]. Research and Development - The company emphasizes innovation and has increased investment in new products and technologies to enhance product performance and application areas[39]. - The company’s core R&D team comprises over 50% of its workforce, ensuring a strong focus on innovation and product development[46]. - Research and development expenses amounted to ¥76,351,951.61, representing 21.27% of the total operating revenue[58]. - The company has accumulated 94 patents, including 69 invention patents, enhancing its competitive edge in the rail transit control system sector[48]. - The company aims to enhance safety and reliability in railway operations through its patented technologies, which include methods for interference protection and data synchronization[50]. - The company is actively enhancing its research and development capabilities to support future market expansion[51]. Market Position and Strategy - The company has a strong market position as a leading supplier of key equipment for train control systems, with high market shares in its main product categories, including responder systems, locomotive signal CPU components, and track circuit readers[44]. - The market for new railway lines remains broad, with significant demand for upgrades and renovations of existing lines, driven by the "Medium and Long-term Railway Plan 2020-2035"[38]. - The company is focusing on expanding its market presence through the development of integrated train overspeed protection equipment and other advanced technologies[49]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2022[137]. - The company is positioned for growth in the railway technology sector, leveraging its intellectual property portfolio[51][52]. Risk Management - The report emphasizes the importance of risk awareness regarding future plans and forecasts, highlighting potential risks and countermeasures[7]. - The company is committed to enhancing product safety and quality management to mitigate risks associated with product quality issues[112]. - The company faces technology update risks due to rapid advancements in the rail transit industry, which may affect its market competitiveness if not addressed[116]. - The company has established a safety stock system to mitigate risks related to the supply of electronic components, particularly in light of potential U.S.-China trade tensions[120]. - The company is implementing measures to strengthen accounts receivable management to mitigate collection risks associated with long payment cycles[122]. Corporate Governance - The report outlines the company's governance structure, including the roles of the board of directors and supervisory board[12]. - The company has committed to improving operational efficiency and project management to boost profitability[141]. - The company will ensure compliance with regulations and improve corporate governance to protect shareholder rights[141]. - The company has established a framework for ensuring compliance with regulatory requirements and internal governance standards[142]. Future Outlook - The company provided a positive outlook for 2021, projecting a revenue growth of 15% to 1.725 billion RMB, driven by new product launches and market expansion efforts[137]. - Future outlook includes continued investment in new product development and market expansion strategies to capture a larger share of the railway technology market[49]. - The company plans to strengthen its research and development efforts in new products and technologies, focusing on the LKJ product line, which is expected to generate sales revenue in 2021[108]. - The company aims to enhance its core competitiveness through the implementation of the investment projects[141]. Compliance and Commitments - The company has a structured approach to compliance with regulatory requirements set by the China Securities Regulatory Commission[136]. - The company has committed to compensating any losses incurred due to insufficient social insurance or housing fund payments[145]. - The company has established measures to avoid any business competition with its subsidiaries during the period of holding more than 5% of shares[143]. - The company has pledged to compensate investors for any losses incurred due to unfulfilled commitments[142].

Financial Performance - Operating revenue for the current period was CNY 54,358,176.00, representing a 28.30% increase year-on-year[9] - Net profit attributable to shareholders decreased by 22.15% to CNY 3,346,768.23 compared to the same period last year[9] - Basic earnings per share decreased by 36.27% to CNY 0.0420[9] - Weighted average return on equity decreased by 62.11% to 0.36%[9] - The company reported a total profit of CNY 813,167.67 for the quarter, significantly lower than CNY 7,243,786.15 in the previous year[43] - Net profit for the quarter was CNY 2,002,953.04, a decrease from CNY 6,040,060.17 in the previous year, reflecting a decline of about 66.9%[44] - The total comprehensive income for the quarter was CNY 2,002,953.04, a decrease from CNY 6,040,060.17 in the same period last year[44] - The company reported a significant increase in cash outflow for investments, totaling 716,669,258.97 CNY compared to 70,679,334.17 CNY in the previous period[56] Assets and Liabilities - Total assets increased by 87.05% to CNY 1,229,097,714.28 compared to the end of the previous year[9] - The total liabilities increased to CNY 153,268,645.29 from CNY 120,555,255.97 year-over-year[31] - The company's equity attributable to shareholders reached CNY 1,075,829,068.99, up from CNY 536,550,420.10 in the previous year[32] - The company's total liabilities were CNY 116,575,952.40, with current liabilities comprising CNY 106,456,903.15[68] - Owner's equity totaled CNY 498,955,010.65, with retained earnings at CNY 249,383,792.90[68] Cash Flow - Net cash flow from operating activities decreased by 53.18% to CNY 23,071,745.43 compared to the same period last year[9] - The company's cash flow from operating activities decreased by 89.40% to RMB 9,582,908.91, mainly due to an increase in customer payments via notes[28] - The net cash flow from operating activities was CNY 9,582,908.91, significantly lower than CNY 90,407,108.23 in Q3 2019, indicating a decrease of 89.42%[54] - Cash inflow from operating activities totaled CNY 229,493,125.58 CNY, while cash outflow was 214,101,386.58 CNY, leading to a positive cash flow from operations[56] - The cash flow from financing activities was notably positive, indicating strong investor confidence and capital inflow[58] Shareholder Information - The total number of shareholders at the end of the reporting period was 19,234[13] - The top shareholder, Qiu Kuanmin, holds 24.04% of the shares, totaling 20,898,000 shares[13] - The company distributed a cash dividend of RMB 3.40 per 10 shares, totaling RMB 29,557,356.00, to shareholders[22] Investments and Expenses - Research and development expenses reached CNY 19,841,929.44, compared to CNY 14,958,199.71 in the same period last year, indicating a growth of approximately 32.8%[42] - The company incurred a credit impairment loss of CNY 2,589,290.78, compared to CNY 332,757.22 in the previous period[43] - The company reported non-recurring gains and losses totaling CNY 2,612,575.90 for the year-to-date period[11] - The company's financial expenses showed a significant increase of 412.75%, primarily due to increased interest income[28] Inventory and Receivables - Inventory increased by 41.26% to RMB 163,915,257.49, primarily due to increased stockpiling[28] - Accounts receivable decreased to CNY 144,162,717.93 from CNY 171,233,867.75[33] - The company reported a total of CNY 40,639,514.70 in accounts payable, an increase from CNY 32,700,694.80[31] Financial Reporting and Standards - The company has adopted new revenue recognition standards effective January 1, 2020, which may affect financial reporting going forward[69] - The report was not audited, which may raise concerns regarding the reliability of the financial data presented[69]