Financial Performance - The company's revenue for Q1 2025 was ¥80,258,993.32, representing a 21.04% increase compared to ¥66,310,303.69 in the same period last year[5] - Net profit attributable to shareholders for Q1 2025 was ¥5,131,826.74, up 10.64% from ¥4,638,372.83 in the previous year[5] - Total operating revenue for the current period reached ¥80,258,993.32, a 20.5% increase from ¥66,310,303.69 in the previous period[18] - Net profit for the current period was ¥5,131,826.74, compared to ¥4,638,372.83 in the previous period, marking an increase of 10.6%[19] Cash Flow - The net cash flow from operating activities improved by 17.87%, with a net outflow of ¥29,746,258.39 compared to ¥36,217,142.03 in the same period last year[5] - Operating cash inflow for the current period was $89,946,868.45, an increase of 30.7% from $68,826,633.19 in the previous period[21] - Operating cash outflow for the current period was $119,693,126.84, up from $105,043,775.22, resulting in a net cash flow from operating activities of -$29,746,258.39, an improvement from -$36,217,142.03[21] - The net increase in cash and cash equivalents for the current period was -$69,393,513.97, worsening from -$45,320,043.58 previously[22] - The ending balance of cash and cash equivalents was $431,321,648.06, compared to $390,440,665.47 at the end of the previous period[22] Assets and Liabilities - The company's total assets decreased by 3.89% to ¥1,149,744,819.36 from ¥1,196,342,246.00 at the end of the previous year[5] - Total liabilities decreased to ¥199,645,662.66 from ¥252,075,217.69, a reduction of 20.8%[17] - The company's cash and cash equivalents decreased to ¥431,840,132.35 from ¥501,283,105.99, a decline of approximately 13.8%[15] - Accounts receivable decreased to ¥86,675,563.79 from ¥99,782,487.94, a decline of about 13.1%[15] - Total current assets amount to ¥689,263,338.77, down from ¥737,845,151.78, a decrease of approximately 6.5%[15] Costs and Expenses - The main business cost increased by 61.60%, amounting to an increase of ¥18,840,400.00, primarily due to revenue growth and higher costs in certain projects[8] - Total operating costs increased to ¥77,398,056.38, up from ¥62,315,058.06, reflecting a rise of 24.2%[18] - Financial expenses decreased by 60.24%, with a reduction of ¥1,601,400.00, mainly due to increased interest income[8] - Research and development expenses were ¥11,056,042.93, down from ¥12,076,169.88, a decrease of 8.4%[18] Shareholder Information - Total number of common shareholders at the end of the reporting period is 15,890[11] - Zhejiang Topcloud Holdings holds 47.91% of shares, totaling 40,860,000 shares[11] Other Information - The company has no debt investments or long-term receivables reported[15] - The company has not yet adopted the new accounting standards effective from 2025[23] - The first quarter report was not audited, indicating a preliminary financial assessment[23] - The company did not report any cash received from insurance contracts or loans during the current period[21] - The company has no new product or technology developments reported in the conference call[12] - There are no significant mergers or acquisitions mentioned in the call[12] - The cash flow statement details will be provided in the next report, indicating ongoing financial management efforts[20] - The company plans to focus on market expansion and new product development in the upcoming quarters[18]

Financial Performance - The company's operating revenue for 2024 reached ¥488,895,664, representing a 6.41% increase compared to ¥459,452,745 in 2023[15]. - The net profit attributable to shareholders for 2024 was ¥123,463,009, a 7.35% increase from ¥115,008,812 in 2023[15]. - The net cash flow from operating activities decreased by 18.91% to ¥94,952,183.4 from ¥117,097,390 in the previous year[15]. - The total assets of the company increased by 44.75% to ¥1,196,342,246.00 from ¥826,467,183 in 2023[15]. - The net assets attributable to shareholders rose by 60.87% to ¥944,267,028 from ¥586,984,836 in 2023[15]. - The basic earnings per share for 2024 was ¥1.83, up 1.67% from ¥1.80 in 2023[15]. - The weighted average return on net assets decreased to 17.95% from 21.73% in the previous year, a decline of 3.78%[15]. Cash Flow and Investment - The net cash flow from operating activities improved significantly, with Q1 at -36.22 million, Q2 at 29.00 million, Q3 at 26.61 million, and Q4 at 75.55 million, reflecting a strong recovery in cash generation[17]. - Investment cash inflow surged by 99.72% to ¥83,155,703.28, while investment cash outflow skyrocketed by 758.24% to ¥342,982,036.03, leading to a net cash flow of -¥259,826,332.75[72]. - Financing cash inflow increased dramatically by 1,674.27% to ¥266,140,000.00, primarily due to funds raised from the IPO[72]. - The net increase in cash and cash equivalents decreased by 48.13% to ¥64,958,347.98, attributed to the purchase of large-denomination certificates of deposit[72]. Market Environment and Industry Trends - The software and information technology service industry in China saw a revenue growth of 10.0% year-on-year, reaching 1.37 trillion in 2024, which supports the company's market environment[26]. - The government has emphasized the importance of "AI + agriculture" in its policies, which aligns with the company's focus on integrating advanced technologies into agricultural practices[29]. - The company operates in a rapidly evolving industry, with significant opportunities for growth driven by technological innovation and government support[27]. - The agricultural informationization level in China is still low, indicating substantial growth potential and urgent demand for smart agriculture solutions[32]. Research and Development - The company has a dedicated R&D team of 148 personnel, emphasizing the importance of technology and innovation in its development strategy[50]. - The company is focused on optimizing breeding decisions through deep learning models, significantly improving the efficiency and scientific basis of breeding processes[30]. - The company is developing a multi-spectral fusion technology to enhance the accuracy of plant physiological state monitoring[65]. - The company is currently fulfilling its commitment regarding the lock-up period for its shares, which lasts for 16 months post-IPO[155]. Governance and Compliance - The company has established a governance structure compliant with relevant laws and regulations, ensuring independent operation and decision-making[104]. - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with governance standards and active participation in management decisions[105]. - The company strictly adheres to information disclosure regulations, ensuring timely and accurate information dissemination to all investors, with no instances of regulatory criticism for non-compliance during the reporting period[107]. - The company has established a robust investor relations management system, improving transparency and communication with investors[107]. Strategic Initiatives - The company plans to establish over 1,000 digital agriculture factories and 100 future farms by the end of 2028 as part of its strategic initiatives[54]. - The company aims to achieve a 35% agricultural production informationization rate by 2030, with a goal of reaching over 40% by 2035[35]. - The company aims to enhance its capabilities in smart agriculture by integrating AI technology with products and solutions, focusing on three core systems: perception monitoring, decision-making, and execution systems[92]. - The company will deepen strategic cooperation with research institutions, cloud service providers, and data providers to build a robust smart agriculture ecosystem[93]. Shareholder Relations and Dividends - The company plans to distribute a cash dividend of ¥50,016,720.00, which is 100% of the total distributable profit of ¥350,784,360.99[138]. - The cash dividend per 10 shares is set at ¥5.8650 (including tax), with no stock bonus or capital increase planned[140]. - The company adheres to its cash dividend policy as outlined in its articles of association, ensuring protection of minority shareholders' rights[138]. Social Responsibility and Environmental Impact - The company actively engages in social responsibility initiatives, aiming for a harmonious development with society[149]. - The implementation of self-developed plant protection technologies has effectively reduced the incidence of crop pests and diseases, ensuring healthy crop growth[153]. - Digital agriculture projects utilizing IoT, big data, and AI have enabled precise monitoring and intelligent management of agricultural production processes[153]. Risk Management - The company acknowledges risks from macroeconomic fluctuations that could impact market demand, particularly in the context of supportive national policies for smart agriculture[96]. - To mitigate risks, the company will enhance its investment in technological innovation and strengthen partnerships with universities and research institutions to boost its independent innovation capabilities[97]. - The company faces intensified market competition in the smart agriculture sector, with a low market concentration and a need to maintain its technological leadership[98].

国泰海通证券股份有限公司 关于浙江托普云农科技股份有限公司 首次公开发行网下限售股解禁上市流通的核查意见 国泰海通证券股份有限公司（以下简称"保荐机构"）作为浙江托普云农科 技股份有限公司（以下简称"托普云农"、"公司"）首次公开发行股票并上市 的保荐机构，根据《证券发行上市保荐业务管理办法》《深圳证券交易所创业板 股票上市规则》《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市 公司规范运作》《深圳证券交易所上市公司自律监管指引第 13 号——保荐业务》 等有关规定，对托普云农首次公开发行网下限售股解禁上市流通事项进行了审慎 核查，发表核查意见如下： 一、首次公开发行及网下发行股份概况 经中国证券监督管理委员会《关于同意浙江托普云农科技股份有限公司首次 公开发行股票注册的批复》（证监许可（2024）1037 号）同意注册，托普云农 首次公开发行新股 21,320,000 股，并于 2024 年 10 月 17 日在深圳证券交易所创 业板上市。 首次公开发行前公司总股本为 63,960,000 股，首次公开发行股票后公司总 股本为 85,280,000 股，其中有限售条件流通股数量为 66,932, ...

证券代码：301556 证券简称：托普云农 公告编号：2025-001 浙江托普云农科技股份有限公司 经中国证券监督管理委员会《关于同意浙江托普云农科技股份有 限公司首次公开发行股票注册的批复》（证监许可〔2024〕1037 号） 同意注册，并经深圳证券交易所同意，公司首次公开发行人民币普通 股 2,132 万股，并于 2024 年 10 月 17 日在深圳证券交易所创业板上 市。 本次公开发行前公司总股本为 6,396 万股，公开发行股票后公司 总股本为 8,528 万股，其中有限售条件流通股数量为 6,693.2318 万 关于首次公开发行网下限售股解禁上市流通的提示性公告 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。 特别提醒： 1、本次上市流通的限售股份为浙江托普云农科技股份有限公司 （以下简称"公司"或"托普云农"）首次公开发行网下限售股。 2、本次上市流通的限售股份为首次公开发行网下发行限售股份， 解除限售股东户数共 4,438 户，股份数量为 1,006,801 股，占公司总 股本的 1.18%，限售期为自公司股票上市之日起 6 个月； 3、本 ...

证券代码：301556 证券简称：托普云农 公告编号：2024-012 浙江托普云农科技股份有限公司 关于完成工商变更登记并更换营业执照的公告 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。 浙江托普云农科技股份有限公司（以下简称"公司"）分别于 2024 年 11 月 14 日召开第四届董事会第十次会议、2024 年 12 月 2 日召开 2024 年第一次临时 股东大会，审议通过了《关于变更注册资本、公司类型、修订<公司章程>并办理 工商变更登记的议案》，具体内容详见公司于 2024 年 11 月 15 日和 2024 年 12 月 2 日在巨潮资讯网（www.cninfo.com.cn）披露的相关公告。 近日，公司已完成注册资本、公司类型的工商变更登记手续及《公司章程》 备案手续，并取得了浙江省市场监督管理局核发的《营业执照》，变更后的具体 信息如下： 2、统一社会信用代码：9133000067387196XE 3、类型：其他股份有限公司（上市） 4、法定代表人：陈渝阳 5、注册资本：人民币 8,528 万元 6、成立时间：2008 年 04 月 07 ...

Investment Rating - The report assigns an "Accumulate" rating for the company, marking its first coverage [1]. Core Views - The company is positioned as a comprehensive service provider in smart agriculture, with steady revenue growth. It aims to leverage IoT, AI, and big data technologies to enhance agricultural practices [1][4]. - The smart agriculture sector is expected to experience rapid growth driven by government policies, with a projected market size increase from 754 billion yuan in 2022 to 1214 billion yuan by 2027, reflecting a CAGR of 10% [1][4]. - The company has a competitive edge due to its extensive product line, strong R&D capabilities, and established industry resources, which include partnerships with government and research institutions [1][4]. Summary by Sections Company Overview - Established in 2008, the company focuses on becoming a leading global provider of smart agriculture services, integrating advanced technologies into agricultural practices [1]. - The company’s revenue grew from 228 million yuan in 2019 to 459 million yuan in 2023, with a CAGR of 19.16% [1]. Financial Performance - For the first three quarters of 2024, the company achieved a revenue of 336 million yuan (up 10.99% year-on-year) and a net profit of 76.6 million yuan (up 14.84% year-on-year) [1]. - The company forecasts net profits of 132 million yuan, 165 million yuan, and 205 million yuan for 2024, 2025, and 2026 respectively, with corresponding EPS of 1.55 yuan, 1.94 yuan, and 2.40 yuan [5][7]. Market Potential - The report highlights that smart agriculture has become a global trend, with China lagging behind developed countries in terms of mechanization and intelligence in agricultural operations [1]. - The Ministry of Agriculture and Rural Affairs has set ambitious goals for agricultural informationization, aiming for a 30% informationization rate by 2026 [1]. Competitive Advantages - The company possesses a rich product line with over a hundred self-developed smart hardware and software products, covering the entire lifecycle of crops from breeding to harvesting [4]. - It has established itself as a pioneer in the smart agriculture sector, recognized by various governmental and academic institutions, and is involved in multiple key national research projects [4].

证券代码：301556 证券简称：托普云农 公告编号：2024-011 浙江托普云农科技股份有限公司 2024 年第一次临时股东大会决议公告 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。 特别提示： 1.本次股东大会未出现否决议案的情形。 2.本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议的召开情况 （一）会议召开的日期、时间 1、现场会议时间：2024 年 12 月 2 日（星期一）13:30 2、网络投票时间：2024 年 12 月 2 日（星期一） 通过深圳证券交易所交易系统进行网络投票的具体时间为：2024 年 12 月 2 日 9:15-9:25，9:30-11:30 和 13:00-15:00；通过深圳证券交易所互联网投票系 统投票的具体时间为 2024 年 12 月 2 日 9:15-15:00。 （二）现场会议召开地点：浙江省杭州市拱墅区祥园路 88 号中国智慧信息 产业园 I 座 11 楼公司会议室。 （三）会议召集人：公司董事会 （四）会议召开方式 本次会议采取现场投票与网络投票相结合的方式召开，股东大会股权登记日 在册的公司 ...

国浩律师（杭州）事务所 关 于 浙江托普云农科技股份有限公司 2024 年第一次临时股东大会的 法律意见书 地址：杭州市上城区老复兴路白塔公园 B 区 2 号、15 号国浩律师楼 邮编：310008 Grandall Building, No.2＆No.15, Block B, Baita Park, Old Fuxing Road, Hangzhou, Zhejiang 310008, China 电话/Tel: (+86)(571) 8577 5888 传真/Fax: (+86)(571) 8577 5643 电子邮箱/Mail：grandallhz@grandall.com.cn 网址/Website：http://www.grandall.com.cn 二〇二四年十二月 国浩律师（杭州）事务所 关于浙江托普云农科技股份有限公司 2024 年第一次临时股东大会的 法律意见书 致：浙江托普云农科技股份有限公司 国浩律师（杭州）事务所（以下简称"本所"）接受浙江托普云农科技股份有限 公司（以下简称"公司"）委托，指派律师出席公司 2024 年第一次临时股东大会（以 下简称"本次股东大会"），并依据《中华人民 ...

| | 的，视为出席。 | 其他方式为股东参加股东大会提供便 | | --- | --- | --- | | | 股东可以亲自出席股东大会并行使表决 | 利。股东通过上述方式参加股东大会 | | | 权，也可以委托他人代为出席和在授权 | 的，视为出席。 | | | 范围内行使表决权。 | 股东可以亲自出席股东大会并行使表 | | | | 决权，也可以委托他人代为出席和在 | | | | 授权范围内行使表决权。 | | | | 第二十一条 公司应当在股东大会通 | | | | 知中明确载明网络或其他方式的表决 | | | | 时间以及表决程序。 | | 第二十一 | 第二十一条 公司股东大会采用其他方 | 股东大会网络或其他方式投票的开始 | | | 式的，应当在股东大会通知中明确载明 | 时间，不得早于现场股东大会召开前 | | 条 | 其他方式的表决时间以及表决程序。 | | | | | 一日下午 3:00，并不得迟于现场股东 | | | | 大会召开当日上午 9:30，其结束时间 | | | | 不得早于现场股东大会结束当日下午 | | | | 3:00。 | | | | 第二十三条 股权登记日登记在册 ...

第二条 董事会下设董事会办公室，处理董事会日常事务。 董事会秘书或证券事务代表兼任董事会办公室负责人，保管董事会和董事会办公 室印章。 董事会议事规则 第一条 为了进一步规范本公司董事会的议事方式和决策程序，促使董事和董事 会有效地履行其职责，提高董事会规范运作和科学决策水平，根据《中华人民共和国 公司法》《中华人民共和国证券法》和《浙江托普云农科技股份有限公司章程》（以 下简称"《公司章程》"）等有关规定，特制定本规则,作为董事会运作的行为准则。 第三条 董事会会议分为定期会议和临时会议。 浙江托普云农科技股份有限公司 董事会每年应当至少召开两次定期会议。 第四条 在发出召开董事会定期会议的通知前，董事会办公室应当充分征求各董 事的意见，初步形成会议提案后交董事长拟定。 董事长在拟定提案前，应当视需要征求经理和其他高级管理人员的意见。 第五条 有下列情形之一的，董事会应当召开临时会议： （一）代表十分之一以上表决权的股东提议时； （二）三分之一以上董事联名提议时； （三）监事会提议时； （四）1/2以上独立董事提议时； （五）《公司章程》规定的其他情形； 第六条 按照前条规定提议召开董事会临时会议的，应当通 ...