Financial Performance - The company achieved total operating revenue of CNY 1,151,652,269.49, representing a year-on-year growth of 32.64%[22]. - Net profit attributable to shareholders reached CNY 245,598,458.46, an increase of 27.26% compared to the previous year[22]. - The net profit after deducting non-recurring gains and losses was CNY 231,338,948.07, up 31.72% year-on-year[22]. - Cash flow from operating activities amounted to CNY 300,892,601.89, reflecting a significant growth of 54.59%[22]. - The company's total assets increased to CNY 2,013,504,803.94, a year-on-year growth of 14.78%[23]. - Shareholders' equity rose to CNY 1,679,237,143.49, marking an 11.37% increase from the previous year[23]. - Basic earnings per share were CNY 0.76, up 26.67% compared to CNY 0.60 in 2023[21]. - The company's operating costs increased to CNY 764,114,719.26, up 30.82% compared to the previous year[83]. - Research and development expenses rose to CNY 44,462,205.68, marking a 36.56% increase year-on-year[83]. Dividend and Share Capital - The company plans to distribute a cash dividend of RMB 1.40 per 10 shares, totaling RMB 45.23 million for the year, which represents 24.99% of the net profit attributable to shareholders[5]. - The total share capital after the proposed capital reserve transfer will increase from 323,086,400 shares to 420,012,320 shares[5]. - The average cash dividend payout ratio over the last three years is 76.97%, with a total cash dividend of RMB 151.21 million during that period[152]. Product Development and Innovation - The company has successfully launched two major projects: a soluble dietary fiber project with an annual production capacity of 30,000 tons and a crystallized sugar project with a capacity of 15,000 tons, significantly improving production capacity and profitability[31]. - The company has successfully developed and mass-produced isomaltulose and crystallized fructose, enhancing its product structure and competitive edge in the market[36]. - The company has obtained 6 authorized invention patents in 2024 and received various certifications, enhancing its innovation capabilities and market competitiveness[40]. - The company aims to develop 5-6 new product specifications annually and has launched products like sugar-free resistant dextrin and high DE resistant dextrin in 2023[77]. Market Trends and Projections - In 2023, global prebiotic production reached 279,200 tons, generating sales of $1.278 billion, with a projected compound annual growth rate (CAGR) of 6.75% from 2023 to 2030[46]. - By 2030, global prebiotic production is expected to reach 441,200 tons, with sales projected to hit $2.279 billion, reflecting a CAGR of 8.62%[46]. - The global dietary fiber market sales reached $5.14 billion in 2023, with a compound annual growth rate (CAGR) of 6.58% from 2019 to 2023[54]. - The demand for high-fiber staple foods is growing at an annual rate of over 10% in developed countries, driven by health concerns related to chronic diseases[53]. Corporate Governance - The governance structure includes a board of nine directors, with three independent directors, ensuring compliance with legal and regulatory requirements[116]. - The company has maintained independence from its controlling shareholders in terms of personnel, business, assets, and finance, ensuring no interference in operational decisions[119]. - The company plans to continue enhancing its internal control systems in compliance with relevant laws and regulations to promote healthy development[118]. - The company has established specialized committees under the board, including audit, nomination, remuneration, and strategic committees[135]. Environmental Responsibility - The company has been recognized as a national "Green Factory" and a "Waste-Free Factory" in Shandong Province[166]. - The company has implemented a carbon reduction measure, achieving a reduction of 2,290 tons of CO2 equivalent emissions[166]. - The company has established an environmental self-monitoring plan to oversee pollutant emissions and ensure compliance[163]. - The company invested 16.31 million yuan in environmental protection during the reporting period[157]. Strategic Initiatives - The company is focused on improving its corporate governance and operational independence to safeguard shareholder interests[119]. - The management plans to implement a brand development strategy, with a focus on strengthening independent innovation and enhancing the brand's position in the global value chain[110]. - The company is actively pursuing market expansion strategies, targeting new geographic regions to drive growth[124]. - The company is exploring potential mergers and acquisitions to strengthen its market position, with a budget of 500 million RMB allocated for this purpose[126]. Risk Management - The company faces risks from market competition and potential product substitution, emphasizing the need for ongoing R&D investment to maintain technological advantages[113]. - Fluctuations in raw material prices, particularly for starch and sugar, could significantly impact product costs and profit margins[113]. - The company is exposed to exchange rate risks due to its reliance on USD for export settlements, which may affect financial performance[114]. - International trade tensions, particularly between the US and China, pose risks to the company's competitiveness in overseas markets[114].

Financial Performance - The company's operating revenue for 2024 reached CNY 29,619,325,998.90, an increase of 1.64% compared to CNY 29,141,612,184.37 in 2023[21] - Net profit attributable to shareholders was CNY 3,944,332,272.25, reflecting a 14.04% increase from CNY 3,458,659,109.38 in the previous year[21] - The net profit after deducting non-recurring gains and losses was CNY 3,478,410,919.81, up 12.77% from CNY 3,084,395,912.38 in 2023[21] - The company's total assets at the end of 2024 amounted to CNY 101,665,731,911.61, a 7.91% increase from CNY 94,209,348,651.19 in 2023[22] - The net assets attributable to shareholders increased to CNY 37,766,085,640.89, representing a 12.61% rise from CNY 33,538,079,771.36 in 2023[21] - Basic earnings per share for 2024 were CNY 0.803, a 13.10% increase from CNY 0.710 in 2023[23] - The diluted earnings per share also rose to CNY 0.802, marking a 13.12% increase compared to CNY 0.709 in the previous year[23] - The cash flow from operating activities was CNY 7,164,477,967.39, a decrease of 2.46% from CNY 7,344,946,949.14 in 2023[21] - The weighted average return on equity for 2024 was 11.33%, an increase of 0.58 percentage points from 10.75% in 2023[23] - The company achieved a record revenue of 29.619 billion RMB and a net profit of 3.944 billion RMB for the fiscal year 2024, marking a historical high[34] Quarterly Performance - The first quarter revenue was 8.071 billion RMB, with a net profit attributable to shareholders of 1.159 billion RMB[25] - The second quarter revenue was 5.609 billion RMB, with a net profit attributable to shareholders of 1.032 billion RMB[25] - The third quarter revenue was 8.693 billion RMB, with a net profit attributable to shareholders of 1.090 billion RMB[25] - The fourth quarter revenue was 7.247 billion RMB, with a net profit attributable to shareholders of 664 million RMB[25] Renewable Energy Development - The company has made significant progress in large-scale and base-oriented development of renewable energy, with the Hainan CZ2 project achieving its first batch of wind turbines connected to the grid[35] - The company has secured construction indicators for 3.35 million kW of wind and solar projects in Xinjiang, with an additional 1.4 million kW wind project in the approval process[35] - The total installed capacity of renewable energy exceeded 6 million kW, with a steady increase in the proportion of installed capacity[36] - The installed capacity of renewable energy reached 6.1296 million kW, accounting for 34.1% of the company's total installed capacity[40] - The company is actively expanding its clean energy projects across multiple regions, including Anhui, Ningxia, Qinghai, Xinjiang, and Inner Mongolia[39] Business Segments Performance - The coal power business generated revenue of approximately ¥13.43 billion with a gross margin of 15.57%, reflecting a year-on-year increase of 4.89 percentage points[50] - The gas power business reported revenue of about ¥5.97 billion, achieving a gross margin of 12.98%, with a year-on-year increase of 1.18 percentage points[50] - The wind power business achieved revenue of approximately ¥2.80 billion, with a gross margin of 53.04%, marking a year-on-year increase of 3.53 percentage points[50] - The photovoltaic power business generated revenue of around ¥1.13 billion, with a gross margin of 44.86%, but experienced a year-on-year decrease of 3.05 percentage points[50] - The oil and gas pipeline transportation business reported revenue of approximately ¥3.38 billion, with a gross margin of 24.61%, reflecting a year-on-year increase of 19.87 percentage points[51] Operational Efficiency and Management - The company has implemented a digital transformation plan to enhance business development and operational efficiency[37] - The company has made significant progress in risk management and fuel management systems to mitigate operational risks[37] - Research and development expenses increased by 28.35% to CNY 21.75 million, indicating a strong focus on innovation[48] - The company is committed to improving operational efficiency by enhancing market awareness and optimizing cost management to strengthen its competitive edge[86] Governance and Compliance - The company held 1 shareholders' meeting, 7 board meetings, and 4 supervisory board meetings during the reporting period, ensuring compliance with legal and regulatory requirements[94] - The company maintains independence from its controlling shareholder, Shenneng (Group) Co., Ltd., in business, personnel, assets, institutions, and finance[95] - The company has established a comprehensive internal control system to effectively manage and mitigate various risks[94] - The independent directors are actively involved in protecting the interests of minority investors and ensuring compliance with operational regulations[94] Environmental and Social Responsibility - The company invested approximately 73.81 million yuan in environmental protection during the reporting period[135] - All power generation units achieved ultra-low emissions, with average emissions of particulate matter, sulfur dioxide, and nitrogen oxides below national standards[137][138] - The company has established an environmental self-monitoring plan, utilizing automatic monitoring systems to ensure real-time tracking of environmental indicators[141] - The company is actively participating in low-carbon and green development research, including a CO2 capture project[144] Shareholder and Equity Management - The company completed the repurchase and cancellation of 237,850 A-share restricted stocks, reducing the total share capital to 4,894,094,676 shares[127] - The total number of ordinary shareholders at the end of the reporting period was 78,746, down from 79,774 at the end of the previous month[174] - The largest shareholder, Sheneng Group Co., Ltd., holds 2,626,545,766 shares, representing 53.67% of the total shares[176] - The company has implemented an equity incentive plan, resulting in 1,474,300 restricted shares held by key individuals, with a vesting period of 36 to 48 months[179] Financing and Investment - The company issued green corporate bonds in January 2022, with a total balance of 1.2 billion RMB and an interest rate of 2.65%[188] - The total amount raised from the green bonds is 22 billion RMB, with all funds allocated for repaying existing green project debts[196][197] - The company has maintained compliance with regulations regarding the management of raised funds[200]

Financial Performance - The company achieved a net profit attributable to shareholders of 20.86 million yuan in 2024, a significant recovery from a loss of 67.87 million yuan in 2023[5]. - Operating revenue for 2024 was 503.61 million yuan, representing a 24.63% increase compared to 404.08 million yuan in 2023[23]. - The net profit for the year was ¥1,517.34 million, with a net profit attributable to shareholders of ¥2,086.04 million[42]. - The company reported a basic earnings per share of ¥0.0338 for 2024, compared to a loss per share of ¥0.1088 in 2023[155]. - The total comprehensive income for 2024 was CNY 20,790,973.71, a stark contrast to the comprehensive loss of CNY -59,248,629.48 in 2023[159]. - The company reported a significant increase in contract liabilities, rising to 10.24 million yuan from 3.03 million yuan, an increase of approximately 237%[147]. Asset and Liability Management - The total assets decreased by 6.11% to 372.16 million yuan at the end of 2024, down from 396.39 million yuan at the end of 2023[24]. - The company's total liabilities were reported at 323.93 million yuan, down from 410.19 million yuan, representing a reduction of approximately 21%[147]. - The equity attributable to shareholders improved to 42.84 million yuan from a negative 3.14 million yuan, showing a significant recovery[147]. - The company's short-term borrowings decreased to 0, down from 30 million yuan, indicating reduced bank loan obligations[55]. Cash Flow Analysis - The company reported a negative cash flow from operating activities of 39.64 million yuan in 2024, compared to a positive cash flow of 0.28 million yuan in 2023[23]. - The operating cash flow showed a significant improvement, moving from negative CNY 18.47 million in Q1 to positive CNY 3.36 million in Q4[27]. - The cash flow from financing activities generated a net inflow of CNY 16,166,692.86 in 2024, down from CNY 66,056,797.73 in 2023[162]. Business Expansion and Strategy - The company expanded its business by acquiring a 40% stake in Peiran Cosmetics (Jiangsu) Co., enhancing its marketing and operational capabilities in the cosmetics sector[33]. - The company aims to optimize its profit structure and improve gross margins through enhanced brand promotion and live streaming operations for its own cosmetic products[33]. - The company plans to focus on expanding its market presence and enhancing product development in the upcoming year[171]. - The company is exploring potential mergers and acquisitions that align with shareholder interests and support its growth strategy[195]. Governance and Compliance - The company received an audit report with no opinion from the accounting firm, indicating potential concerns regarding financial reporting[5]. - The company has faced regulatory scrutiny, including warnings from the Shanghai Stock Exchange for issues related to information disclosure and internal controls[83]. - The company is committed to improving compliance and has implemented measures to prevent future regulatory issues[84]. - The company has established specialized committees, including an audit committee and a strategic committee, to enhance governance[89]. Shareholder Information - The controlling shareholder has changed from Zhongyu Jiatai to Lishui Lingnan Song, with Lishui Lingnan Song holding 69.8 million shares, representing 11.31% of the total share capital[118]. - The total number of ordinary shareholders as of the end of the reporting period is 15,180[123]. - The company has not reported any changes in shareholding for its directors and senior management during the reporting period[75]. Operational Challenges - The company acknowledges the need for increased operating capital to support its business development plans during its transition period[66]. - The company faces uncertainties as most of its enterprise clients are still recovering, necessitating more operational funding to stabilize and expand its market[67]. - The company has not reported any major acquisitions or market expansion strategies during the reporting period[106]. Employee and Management Structure - The company reported a total of 208 employees, with 127 in sales, 11 in technical roles, 13 in finance, and 57 in administration[92]. - The management team includes experienced professionals with backgrounds in various industries, enhancing strategic decision-making capabilities[76]. - The company has not engaged in any significant related party transactions during the reporting period[75]. Future Outlook - The company aims to achieve profitability in 2025 by optimizing management, reducing costs, and increasing business profitability[64]. - The company is focused on enhancing its internal controls and compliance measures to avoid future regulatory challenges[84]. - The company plans to enhance internal management and governance levels to improve operational efficiency[196].

Financial Performance - The company's operating revenue for Q1 2024 was ¥136,374,970.14, representing a decrease of 55.03% compared to the same period last year[5] - Net profit attributable to shareholders was ¥18,386,651.64, an increase of 46.71% year-over-year[5] - Basic earnings per share were ¥0.0670, reflecting a 46.61% increase from the prior year[5] - Total operating revenue for Q1 2024 was ¥136.37 million, a decrease of 55.1% compared to ¥303.23 million in Q1 2023[18] - Net profit for Q1 2024 reached ¥21.42 million, an increase of 49.0% from ¥14.36 million in Q1 2023[19] - Operating profit for Q1 2024 was ¥21.30 million, up 14.5% from ¥18.60 million in Q1 2023[19] Cash Flow and Liquidity - The net cash flow from operating activities reached ¥36,863,557.07, showing a significant increase of 1,280.20% compared to the previous year[5] - Cash flow from operating activities for Q1 2024 was ¥36.86 million, significantly higher than ¥2.67 million in Q1 2023[21] - The company's cash and cash equivalents decreased to CNY 644,597,429.05 from CNY 665,760,897.54, reflecting a decline of 3.31%[13] - Cash and cash equivalents at the end of Q1 2024 totaled ¥543.31 million, down from ¥757.15 million at the end of Q1 2023[22] - The net cash flow from financing activities for Q1 2024 was -¥44.40 million, a decrease from a positive cash flow of ¥43.20 million in Q1 2023[22] Expenses and Cost Management - Research and development expenses totaled ¥16,512,853.64, down 51.46% year-over-year, with R&D expenses accounting for 12.11% of operating revenue, an increase of 0.89 percentage points[6] - Research and development expenses for Q1 2024 were ¥6.83 million, a decrease of 80.0% from ¥34.02 million in Q1 2023[18] - Sales expenses for Q1 2024 were ¥29.37 million, down 83.8% from ¥181.42 million in Q1 2023[18] - The increase in net profit was primarily due to a reduction in selling expenses and credit impairment losses during the reporting period[8] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,695,297,794.00, a decrease of 1.40% from the end of the previous year[6] - As of March 31, 2024, the total current assets amounted to CNY 1,245,613,160.93, a decrease of 2.06% from CNY 1,271,857,772.05 on December 31, 2023[13][14] - The total liabilities decreased to CNY 396,291,492.81 from CNY 433,803,361.39, a reduction of 8.66%[15] - The total equity attributable to shareholders increased to CNY 1,313,885,150.78 from CNY 1,303,495,883.51, reflecting a growth of 0.30%[15] Market Strategy and Conditions - The company adjusted its sales strategy in response to market conditions, leading to a decrease in sales prices for some core products, which contributed to the decline in operating revenue[8] - There are no applicable reminders regarding the company's operational situation during the reporting period[12] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,051[10] - The company has not reported any significant changes in shareholder relationships or actions among the top shareholders[11] Inventory and Receivables - Accounts receivable increased slightly to CNY 522,624,553.81 from CNY 520,668,671.48, showing a growth of 0.37%[13] - The inventory increased to CNY 31,399,170.09 from CNY 30,365,696.49, indicating a rise of 3.40%[14] Losses and Improvements - The company reported a net loss of CNY -148,033,393.96 for the period ending March 31, 2024, an improvement from a loss of CNY -166,420,045.60 in the previous period[15]

Financial Performance - The company's operating revenue for Q1 2025 was ¥372,606,893.05, representing a 2.45% increase compared to ¥363,688,244.25 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥5,642,431.49, an improvement of 9.38% from a loss of ¥6,226,320.21 in the previous year[5] - Total operating revenue for the current period reached CNY 372,606,893.05, an increase from CNY 363,688,244.25 in the previous period, reflecting a growth of approximately 0.25%[18] - The net loss for the current period was CNY 5,652,285.11, compared to a net loss of CNY 6,236,459.03 in the previous period, showing an improvement of approximately 9.3%[19] - The company reported a total comprehensive loss of CNY 5,652,285.11 for the current period, compared to a loss of CNY 6,236,459.03 in the previous period, indicating a reduction in losses[20] Cash Flow - The net cash flow from operating activities improved significantly, with a net outflow of ¥23,960,057.57, a 72.30% reduction from ¥86,512,320.82 in the same period last year[5] - Total cash inflow from operating activities was 445,497,111.12 CNY, compared to 358,600,045.61 CNY in the previous period, reflecting a growth of approximately 24.2%[22] - Cash outflow from operating activities totaled 469,457,168.69 CNY, up from 445,112,366.43 CNY, representing an increase of about 5.5%[22] - Cash flow from investing activities was -1,945,004.62 CNY, an improvement from -3,406,412.40 CNY in the previous period[22] - Cash inflow from financing activities was 12,000,000.00 CNY, an increase from 8,000,000.00 CNY, marking a growth of 50%[22] - The net cash flow from financing activities was 10,072,188.49 CNY, compared to 1,391,326.89 CNY in the previous period, showing significant improvement[22] Assets and Liabilities - Total assets decreased by 6.61% to ¥860,029,296.23 from ¥920,860,066.68 at the end of the previous year[5] - Current assets totaled CNY 670,605,629.54, down from CNY 727,735,322.95, representing a decrease of approximately 7.8%[14] - The total liabilities decreased to CNY 765,204,650.00 from CNY 820,383,135.34, reflecting a reduction of about 6.7%[16] - The company's cash and cash equivalents decreased to CNY 39,151,918.33 from CNY 55,184,731.89, a decline of approximately 29.1%[14] - The company's accounts receivable stood at CNY 508,765,484.10, down from CNY 552,739,901.12, indicating a decrease of about 8.0%[14] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 26,702[10] - The largest shareholder, Xiaochang Yingxi Valley Investment Center, holds 22.61% of the shares, with 57,000,000 shares pledged[10] Operating Costs - Total operating costs amounted to CNY 377,666,407.49, up from CNY 369,521,009.64, indicating an increase of about 2.1%[18] - Payments for goods and services amounted to 375,633,494.51 CNY, compared to 341,029,907.49 CNY in the previous period, reflecting an increase of about 10.1%[21] Return on Assets - The weighted average return on net assets was -5.79%, a decline of 1.10 percentage points compared to -4.69% in the previous year[5]

Audit and Financial Reporting - The company received an audit report from Zhongrui Cheng Accounting Firm stating that it could not express an opinion on the financial statements due to significant uncertainties regarding the company's ability to continue as a going concern[6]. - The audit committee's findings were limited due to the historical accounting errors and unresolved regulatory issues, impacting the overall financial reporting[4][6]. - Independent director He Yun abstained from voting on the 2023 annual report due to concerns about the authenticity and completeness of the report, citing significant internal control deficiencies and undisclosed major external investments[132]. - The company received an audit report with a disclaimer of opinion for the 2024 annual financial report, leading to a risk warning for delisting from the Shanghai Stock Exchange[181]. - The company is addressing past accounting errors identified by the China Securities Regulatory Commission, which affected financial statements from 2012 to 2023[174]. Financial Performance - The company's operating revenue for 2023 was approximately ¥1.88 billion, a decrease of 27.99% compared to ¥3.70 billion in 2022[25]. - The net profit attributable to shareholders of the listed company for 2023 was approximately -¥884.66 million, compared to -¥454.06 million in 2022[25]. - The net cash flow from operating activities for 2023 was -¥117.05 million, a decline of 279.31% from ¥65.28 million in 2022[25]. - The total revenue for the first quarter of 2024 is approximately 500.37 million yuan, while the net profit attributable to shareholders is -127.53 million yuan[28]. - The company reported a total net profit of -486.29 million yuan for the fourth quarter of 2024, highlighting ongoing financial challenges[28]. Corporate Governance - The board of directors has established four specialized committees: nomination, investment strategy, audit, and remuneration and assessment, to enhance operational efficiency[103]. - The company has implemented strict measures to maintain independence from its controlling shareholders in terms of assets, personnel, finance, and operations, ensuring no conflicts of interest[105]. - The company has strengthened its information disclosure processes, ensuring timely and accurate communication with all stakeholders[103]. - The company is committed to continuous improvement in corporate governance and compliance with the latest regulatory standards[101]. - The company has engaged a witnessing lawyer for shareholder meetings to ensure the legality and validity of the voting process[102]. Strategic Focus and Future Plans - The company plans to focus on cloud services and digital transformation to enhance its market position[16]. - The company is investing in new technologies, including AI and big data, to improve service offerings[16]. - The company aims to expand its market presence through strategic partnerships and acquisitions[16]. - The company is exploring new product development in the telecommunications sector to drive future growth[16]. - The company plans to focus on core business development to enhance competitiveness and increase revenue[171]. Risks and Challenges - The company has identified potential risks related to its future plans and development strategies, advising investors to be cautious[9]. - The company is currently undergoing a restructuring process, which may affect its financial stability and reporting accuracy moving forward[4]. - The company faces investment risks due to market volatility affecting its external investment projects, necessitating improved management systems for subsidiary collaboration[98]. - The company has faced significant operational risks and financial risks due to ongoing litigation and regulatory scrutiny[166]. - The company reported a significant liquidity issue, with current liabilities exceeding current assets by RMB 3.994 billion as of December 31, 2024[165]. Management and Leadership Changes - The company has undergone significant changes in its board and management structure in 2024[121]. - The company has appointed new executives, including a new general manager and several vice general managers, indicating a restructuring of the management team[126]. - The company has experienced significant turnover in its management team, with multiple resignations and new appointments occurring during the reporting period[126]. - The leadership changes are part of a broader strategy to position the company for future growth and success[114]. - The company has appointed Cheng Lin and Meng Fei as vice presidents, and Wu Wentao as the board secretary on January 16, 2024[117]. Compliance and Regulatory Issues - The company received an administrative penalty notice from the China Securities Regulatory Commission on March 28, 2024, for failing to disclose related party transactions and significant contracts, as well as false records in annual reports from 2012 to 2022[127]. - The company is under investigation by the China Securities Regulatory Commission for suspected information disclosure violations[166]. - The company has committed to timely rectification of identified internal control deficiencies as part of its compliance measures[190]. - The company has established internal control systems to prevent fund occupation by controlling shareholders and related parties, safeguarding the rights of shareholders and stakeholders[192]. - The company has not allocated any funds for environmental protection during the reporting period, with no measures taken to reduce carbon emissions[155]. Shareholder Engagement - The company held a total of 4 shareholder meetings during the reporting period, ensuring compliance with legal and regulatory requirements for convening and conducting these meetings[107]. - The company has adopted a hybrid voting method for shareholder meetings, allowing both on-site and online participation to ensure equal rights for all shareholders[102]. - The company has not identified any instances of insider trading related to sensitive information during the reporting period[103]. - The company has not disclosed any significant changes in related party transactions that were previously disclosed[196]. - The company emphasizes compliance with relevant laws and regulations to prevent future occurrences of fund occupation by controlling shareholders[192].

Financial Performance - The company's operating revenue for Q1 2025 was ¥389,310,959.40, a decrease of 16.03% compared to ¥463,651,026.27 in the same period last year[6]. - The net loss attributable to shareholders for Q1 2025 was ¥112,633,452.25, compared to a net loss of ¥127,530,194.50 in the previous year, indicating an improvement[6]. - The basic and diluted earnings per share for Q1 2025 were both -¥0.07, unchanged from -¥0.08 in the previous year[6]. - Total revenue for Q1 2025 was CNY 389.31 million, a decrease of 16.0% compared to CNY 463.65 million in Q1 2024[20]. - Net loss for Q1 2025 was CNY 114.30 million, compared to a net loss of CNY 127.99 million in Q1 2024, showing an improvement of 10.7%[22]. - Operating profit for Q1 2025 was CNY -111.97 million, slightly better than the operating profit of CNY -118.32 million in Q1 2024[21]. - Research and development expenses for Q1 2025 were CNY 6.31 million, down from CNY 14.32 million in Q1 2024, indicating a reduction of 55.9%[21]. - The company recorded other comprehensive income of CNY 2.39 million in Q1 2025, compared to a loss of CNY 102.90 million in Q1 2024[22]. Cash Flow - The net cash flow from operating activities was ¥17,733,433.17, a significant recovery from a negative cash flow of ¥69,415,071.31 in the same period last year[6]. - In Q1 2025, the net cash flow from operating activities was $17,733,433.17, a significant improvement compared to a net loss of $69,415,071.31 in Q1 2024[25]. - Total cash inflow from operating activities in Q1 2025 was $488,521,261.58, slightly down from $503,145,027.43 in Q1 2024, representing a decrease of approximately 2.5%[25]. - Cash outflow from operating activities decreased to $470,787,828.41 in Q1 2025 from $572,560,098.74 in Q1 2024, indicating a reduction of about 17.8%[25]. - The net cash flow from investing activities was -$2,100,694.99 in Q1 2025, an improvement from -$6,641,532.48 in Q1 2024[26]. - Cash inflow from financing activities in Q1 2025 was $32,596,073.00, compared to $112,959,532.28 in Q1 2024, reflecting a decrease of approximately 71.1%[26]. - The net cash flow from financing activities was $27,357,873.30 in Q1 2025, down from $56,542,033.85 in Q1 2024, indicating a decline of about 51.7%[26]. - The ending cash and cash equivalents balance for Q1 2025 was $88,279,719.42, up from $84,001,879.29 in Q1 2024, showing an increase of approximately 5.4%[26]. - Cash received from other operating activities increased to $97,390,951.94 in Q1 2025 from $77,350,344.50 in Q1 2024, representing a growth of about 25.9%[25]. - The total cash outflow from investing activities in Q1 2025 was $2,100,694.99, a decrease from $13,116,801.18 in Q1 2024, indicating a reduction of approximately 84%[26]. - The impact of exchange rate changes on cash and cash equivalents was -$11,358.53 in Q1 2025, compared to a positive impact of $4,952.18 in Q1 2024[26]. Assets and Liabilities - The total assets at the end of Q1 2025 were ¥7,382,248,448.60, reflecting a slight increase of 0.56% from ¥7,341,052,002.55 at the end of the previous year[6]. - Current assets totaled CNY 2,318,564,774.83, up from CNY 2,210,690,588.27 in the previous period, reflecting a growth of approximately 4.9%[15]. - Accounts receivable increased to CNY 1,058,618,444.84 from CNY 968,547,970.46, representing a rise of about 9.3%[15]. - Cash and cash equivalents rose to CNY 126,699,046.45 from CNY 79,892,094.44, indicating a significant increase of approximately 58.5%[15]. - Total liabilities reached CNY 6,377,127,230.21, compared to CNY 6,204,312,136.45, marking an increase of about 2.8%[16]. - The total non-current liabilities amounted to CNY 1.21 billion, a decrease from CNY 1.22 billion in the previous period[20]. - The total non-current assets decreased to CNY 5,063,683,673.77 from CNY 5,130,361,414.28, reflecting a decline of approximately 1.3%[16]. - The total equity attributable to shareholders of the parent company was CNY -95.14 million, a decline from CNY 15.10 million in the previous period[20]. - The equity attributable to shareholders was -¥95,144,107.98, a significant decrease of 730.20% from ¥15,097,468.70 at the end of the previous year[6]. Audit and Governance - The company faced challenges in ensuring the accuracy and completeness of the financial report due to the previous year's audit report being non-standard and unable to express an opinion[2][4]. - Several board members, including the general manager and financial executives, expressed concerns regarding the reliability of the Q1 2025 financial data based on the previous year's audit findings[4][5]. Shareholder Information - The company reported a total of 64,429 common shares outstanding at the end of the reporting period[11]. - The top shareholder, Shenzhen Xinpengyun Technology Co., Ltd., holds 10.28% of the shares, with 170,329,667 shares frozen[11]. - The company has not reported any significant changes in the top 10 shareholders or their participation in margin trading[12]. - The company has a total of 1,047,232,286.74 in long-term equity investments, slightly down from 1,047,499,445.43[15].

北京东方通科技股份有限公司 2025 年第一季度报告 证券代码：300379 证券简称：东方通 公告编号：2025-定-003 北京东方通科技股份有限公司 2025 年第一季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第一季度报告是否经过审计 □是 否 1 北京东方通科技股份有限公司 2025 年第一季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | | | | （%） | | 营业收入（元） | 134,294,019.34 | 75,697,977.39 | 77.41% | | 归属于上市 ...

Investigation and Compliance - The company has been under investigation by the China Securities Regulatory Commission for "suspected false records in periodic reports," leading to an audit report that expresses an inability to provide an opinion on the 2024 financial statements[7]. - The internal control audit revealed three major deficiencies in financial reporting controls, prompting the board to emphasize the need for enhanced internal control management[9]. - The company plans to maintain normal business operations and ensure stability for its clients, despite the ongoing investigation[4]. - There will be no cash dividends, stock bonuses, or capital increases from reserves for the current fiscal year[13]. - Future plans and performance forecasts do not constitute commitments to investors, highlighting the need for risk awareness[10]. - The company emphasizes the importance of zero trust security principles to enhance its cybersecurity framework[20]. - The company is committed to improving its internal control compliance system to support stable business growth amid rapid expansion[151]. - The company maintains strict compliance with information disclosure regulations, ensuring effective investor relations management through various communication channels[172]. Financial Performance - The company reported a significant loss primarily due to the poor performance of its subsidiary, Taice Technology, which incurred substantial losses, resulting in the full provision for goodwill impairment[9]. - The company’s operating revenue for 2024 reached ¥757,729,896.55, representing a 36.09% increase compared to ¥556,793,897.53 in 2023[26]. - The net profit attributable to shareholders was -¥575,545,137.07 in 2024, an improvement of 14.45% from -¥672,776,203.67 in 2023[26]. - The basic earnings per share improved to -¥1.03 in 2024, a 21.37% increase from -¥1.31 in 2023[26]. - The total assets decreased by 14.53% to ¥3,566,712,035.79 at the end of 2024, down from ¥4,173,124,884.13 at the end of 2023[26]. - The company reported a net cash flow from operating activities of -¥224,324,601.43 in 2024, a decline of 23.04% compared to -¥182,314,409.10 in 2023[26]. - The company received government subsidies amounting to ¥32,375,418.26 in 2024, compared to ¥31,631,630.96 in 2023, indicating a slight increase[32]. - The company’s revenue from regular business activities was ¥745,303,407.50 in 2024, up from ¥543,798,868.25 in 2023[26]. - The weighted average return on net assets improved to -16.87% in 2024 from -21.93% in 2023, showing a positive trend[26]. Market and Industry Trends - The software and information technology service industry in China is projected to achieve a revenue of CNY 13.73 trillion in 2024, representing a year-on-year growth of 10.0%[36]. - The total profit for the software industry is expected to reach CNY 1.70 trillion in 2024, with a year-on-year increase of 8.7%[36]. - The middleware market in China is estimated to exceed CNY 8 billion in 2023, with a growth rate of 13.2%[43]. - The global AI industry is forecasted to reach USD 623.3 billion in 2024, with a year-on-year growth of 21.5%[41]. - The Chinese cybersecurity market is projected to grow to CNY 73.56 billion in 2024, with a growth rate of 7.6%[50]. Product Development and Innovation - The company is actively involved in the integration of AI technologies, including generative AI, to enhance its product offerings and operational efficiency[20]. - The company is focusing on the development of operation support systems (OSS) and basic software, which are crucial for network management and resource access[19]. - The company is investing in the development of smart city solutions, utilizing IoT technologies to improve urban management[20]. - The company is focused on enhancing its AI model capabilities, particularly in natural language processing and knowledge reasoning[20]. - The company has developed a comprehensive middleware product system, particularly in the cloud-native and AI sectors, with key products including TongCNMP and TongLMM[55]. - The company is enhancing its strategic decision-making efficiency through the development of a multi-modal information extraction model, improving public sentiment monitoring capabilities[113]. Strategic Partnerships and Acquisitions - The company is exploring strategic partnerships and potential acquisitions to bolster its technological capabilities and market reach[20]. - The company is actively pursuing market expansion strategies, including potential mergers and acquisitions, to strengthen its competitive position[137]. Governance and Management - The company has established a sound internal control system and governance structure, ensuring independent operation from the actual controller[169]. - The company has conducted online communication with institutional investors, discussing operational and business development situations[165]. - The company emphasizes the establishment of a fair and transparent performance evaluation and incentive mechanism for its directors and senior management[171]. - The company has a robust organizational structure with defined roles and responsibilities, ensuring independence from controlling shareholders[176]. - The company has maintained a consistent governance structure with no reported discrepancies in voting rights among shareholders[178]. Risk Management - The company faces various risks, including macroeconomic changes, intensified industry competition, and potential goodwill impairment[12]. - The company has a significant risk of goodwill impairment due to the acquisition of Dongfang Tongwangxin, necessitating annual impairment testing[162]. - The company acknowledges management challenges due to the rapid expansion of its business scale[159]. Research and Development - The company is focusing on middleware product lines, including TongWeb and TongLINK/Q series, to enhance middleware capabilities and meet market demands[110]. - The company aims to solidify its foundation in the middleware market through continuous innovation and expansion of product offerings[110]. - The company reported a total investment of 57 million yuan during the reporting period, a 100% increase compared to the same period last year[130]. - The company is committed to building a robust data security defense line, ensuring the secure flow of information assets in complex network environments[112]. Financial Management - The company plans to continue using part of its idle funds for cash management, indicating a strategy to optimize financial resources[200]. - The board has proposed to continue the practice of cash management with part of the raised funds, indicating a focus on liquidity management[200]. - The company has established a procurement department responsible for inventory procurement and fixed asset acquisition, ensuring quality through comprehensive supplier evaluation based on supply capacity, quality, price, payment terms, after-sales service, and reputation[71].

Financial Performance - The company's operating revenue for Q1 2025 was ¥132,177,196.38, representing a 23.05% increase compared to ¥107,421,722.87 in the same period last year[5] - The net loss attributable to shareholders was ¥1,287,164.10, an improvement of 85.68% from a loss of ¥8,986,154.63 in the previous year[5] - Basic and diluted earnings per share were both -¥0.0036, showing an improvement of 85.54% from -¥0.0249 in the previous year[5] - Net profit for the current period was -¥993,800.81, a significant improvement from -¥8,777,037.16 in the previous period[19] - The total comprehensive income for the current period was -¥993,800.81, compared to -¥8,777,037.16 in the previous period[19] Cash Flow - The net cash flow from operating activities was -¥24,639,341.24, a significant decline of 339.33% compared to a positive cash flow of ¥10,294,951.80 in the same period last year[5] - The net cash flow from operating activities was -¥24,639,341.24, compared to a positive cash flow of ¥10,294,951.80 in the previous period[20] - Net cash flow from investment activities was -25,534.97 million, a decrease from -62,849.36 million[21] - Total cash inflow from financing activities amounted to 4,850,000.00 million, while cash outflow was 13,151,664.90 million, resulting in a net cash flow of -8,301,664.90 million[21] - The net increase in cash and cash equivalents was -32,965,856.97 million, with an ending balance of 55,855,267.83 million[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥607,126,606.21, a 1.67% increase from ¥597,138,940.17 at the end of the previous year[5] - Current liabilities rose from ¥493,768,291.43 to ¥504,773,204.95, an increase of approximately 2.0%[15] - The total liabilities increased from ¥493,768,291.43 to ¥504,773,204.95, indicating a rise of about 2.0%[15] - The total liabilities amounted to ¥506,005,203.26, an increase from ¥495,026,753.46 in the previous period[16] - The total equity attributable to shareholders of the parent company decreased to ¥34,499,639.74 from ¥35,783,786.78 in the previous period[16] Research and Development - The company's R&D expenses increased by 68.43% to ¥5,200,893.08, primarily due to higher salaries for R&D personnel[8] - Research and development expenses increased to ¥5,200,893.08, up 68.73% from ¥3,087,775.64 in the previous period[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 12,426[10] - The company's weighted average return on equity improved to -3.66%, a significant increase of 338.43% from -27.86% in the previous year[5] Inventory and Receivables - Accounts receivable slightly decreased from ¥223,815,165.28 to ¥223,000,740.36, a reduction of about 0.4%[14] - Inventory increased from ¥90,976,035.37 to ¥96,570,194.67, reflecting a growth of approximately 6.5%[14] - The company reported a significant increase in prepayments from ¥13,392,662.97 to ¥45,505,020.84, a growth of approximately 239.5%[14] Financial Expenses - The company reported a 378.36% increase in financial expenses, amounting to ¥2,333,691.10, mainly due to increased interest expenses[8] Government Subsidies - The company received government subsidies amounting to ¥323,168.87, which were closely related to its normal business operations[6] Other Information - The company has not disclosed any new product developments or market expansion strategies in the current report[13] - The company did not undergo an audit for the first quarter report[22]