御银股份(002177) - 2025 Q2 - 季度财报

Important Notice, Table of Contents, and Definitions This section provides essential disclaimers, a comprehensive table of contents, and definitions of key terms for clarity Important Notice The board and senior management guarantee report accuracy; forward-looking statements are not commitments; a 0.02 yuan per 10 shares cash dividend is approved - The company's board of directors and senior management guarantee the truthfulness, accuracy, and completeness of the report content, assuming legal responsibility[4] - Forward-looking statements regarding future plans are merely operational forecasts and do not constitute substantive commitments to investors[4] 2025 Semi-Annual Profit Distribution Plan | Indicator | Content | | :--- | :--- | | Distribution Basis | 761,191,294 shares | | Cash Dividend per 10 Shares (tax inclusive) | 0.02 yuan | | Bonus Shares | 0 shares | | Capital Reserve Capitalization | No capitalization | Table of Contents The report's directory lists nine chapters, from important notices to financial reports, providing comprehensive information navigation - The report structure is divided into nine main chapters, covering content from important notices to financial reports, ensuring comprehensiveness[7] Definitions This section defines common terms used in the report, including company names, currency units, and key subsidiaries, ensuring accurate understanding - "Company" or "the Company" refers to Guangzhou Kingteller Technology Co., Ltd[13] - Multiple wholly-owned and associate companies are listed, such as Guangzhou Yuxin Software Co., Ltd., Guangzhou Kingteller ATM Technology Co., Ltd., and Shanghai Bokore Information Technology Co., Ltd[13] Company Profile and Key Financial Indicators This section introduces the company's basic information and presents its key accounting data and financial indicators for the reporting period Company Profile The company, "Kingteller Share" (stock code 002177), is listed on the Shenzhen Stock Exchange, with Yang Wenjiang as legal representative and Tan Hua as board secretary; contact information and registered address remained unchanged during the reporting period Company Basic Information | Indicator | Content | | :--- | :--- | | Stock Abbreviation | Kingteller Share | | Stock Code | 002177 | | Listing Exchange | Shenzhen Stock Exchange | | Legal Representative | Yang Wenjiang | | Board Secretary | Tan Hua | | Contact Number | 020-29087848 | | Email | zqb@kingteller.com.cn | - The company's registered address, office address, website, email, and information disclosure location remained unchanged during the reporting period[17][18] Key Accounting Data and Financial Indicators In H1 2025, operating revenue decreased by 12.80% to 29.61 million yuan, while net profit attributable to shareholders increased by 10.43% to 10.62 million yuan; net cash flow from operating activities grew by 16.22%, and total assets and net assets slightly increased 2025 Semi-Annual Key Accounting Data and Financial Indicators | Indicator | Current Reporting Period (yuan) | Prior Year Period (yuan) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 29,612,754.94 | 33,960,129.15 | -12.80% | | Net Profit Attributable to Shareholders of Listed Company | 10,619,873.68 | 9,616,744.13 | 10.43% | | Net Profit Attributable to Shareholders of Listed Company (excluding non-recurring gains/losses) | 8,966,537.69 | 8,047,406.04 | 11.42% | | Net Cash Flow from Operating Activities | 20,578,528.24 | 17,706,603.63 | 16.22% | | Basic Earnings Per Share (yuan/share) | 0.0140 | 0.0126 | 11.11% | | Weighted Average Return on Net Assets | 0.62% | 0.56% | 0.06% | | Total Assets (period-end) | 1,734,107,792.62 | 1,725,892,010.99 | 0.48% | | Net Assets Attributable to Shareholders of Listed Company (period-end) | 1,707,871,009.22 | 1,698,012,322.15 | 0.58% | 2025 Semi-Annual Non-Recurring Gains and Losses Items and Amounts | Item | Amount (yuan) | | :--- | :--- | | Disposal gains/losses of non-current assets | -1,070.43 | | Government grants recognized in current profit or loss | 2,540.46 | | Fair value change gains/losses and disposal gains/losses of financial assets | 1,366,288.39 | | Other non-operating income and expenses | 706,139.72 | | Other non-recurring gains/losses (VAT reduction) | 27,367.03 | | Less: Income tax impact | 447,929.18 | | Total | 1,653,335.99 | Management Discussion and Analysis This section provides an in-depth analysis of the company's principal operations, core competencies, financial performance, investment activities, and risk factors during the reporting period Principal Businesses During the Reporting Period The company's main businesses include operating self-owned industrial parks and providing intelligent financial equipment-related services; despite a 12.80% decline in total operating revenue, net profit attributable to the parent company increased by 10.43% due to improved industrial park operations and strategic business transformation - The company primarily engages in industrial park operations built on its self-owned properties and intelligent financial equipment industry-related operating services[26] - Industrial park operations are categorized into industrial ecosystem-type leasing and supporting service-type leasing, enhancing competitiveness through industrial chain aggregation, technological innovation, and intelligent management[26] - Intelligent financial equipment-related operating services include ATM cooperative operations and technical maintenance services for financial self-service equipment[27] Principal Businesses and Products The company's core businesses are industrial park operations and intelligent financial equipment services, with industrial parks generating profit through rental operations and the equipment business focusing on ATM cooperation and maintenance services - The company operates three self-owned industrial parks: Kingteller Science Park, Xiaojuren Innovation Park, and Kingteller Industrial Park, with profits derived from rental income minus property costs[26] - Industrial park leasing business is divided into industrial ecosystem-type leasing (building a full-cycle operation system of industrial planning, space matching, and service integration) and supporting service-type leasing (providing living, business, and industrial support)[26] - Intelligent financial equipment-related operating services primarily include providing ATM cooperative operation services and financial self-service equipment maintenance technical services to banking financial institutions[27] Overview of Operating Performance During the Reporting Period In H1 2025, total operating revenue decreased by 12.80% to 29.61 million yuan, and total profit declined by 22.95%, but net profit attributable to the parent company grew by 10.43% to 10.62 million yuan, driven by enhanced industrial park operations and strategic expansion 2025 H1 Key Financial Performance | Indicator | Current Reporting Period (yuan) | Prior Year Period (yuan) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 29,612,754.94 | 33,960,129.15 | -12.80% | | Total Profit | 12,169,155.74 | 15,794,359.61 | -22.95% | | Net Profit Attributable to Shareholders of Listed Company | 10,619,873.68 | 9,616,744.13 | 10.43% | | Net Profit Attributable to Shareholders of Listed Company (excluding non-operating gains/losses) | 8,966,537.69 | 8,047,406.04 | 11.42% | Industrial Park Occupancy Rate as of June 30, 2025 | Park Name | Total Building Area (ten thousand square meters) | Leasable Area (ten thousand square meters) | Occupancy Rate | | :--- | :--- | :--- | :--- | | Kingteller Science Park | 3.57 | 3.28 | 92% | | Xiaojuren Innovation Park | 3.25 | 2.42 | 74% | | Kingteller Industrial Park | 6.19 | 4.17 | 67% | - The company enhances park competitiveness through professional investment attraction team building, dynamic optimization mechanisms, lean operations, and urban-industrial integration initiatives like talent apartment projects[29] - The company continues to promote external expansion guided by strategic synergy, steadily advancing strategic mergers and acquisitions to explore new markets[30] Industry Development Trends The industrial park sector is transitioning towards "new quality productive forces incubators" driven by national policies, while the intelligent financial equipment industry faces contraction due to non-cash payment penetration, prompting the company to strategically pivot towards industrial park value enhancement - National policies guide industrial parks to transform into "new quality productive forces incubators," focusing on industrial support, low-carbon transition, and financial empowerment[31] - The industrial park industry shows deep differentiation, with leading parks accelerating expansion and inefficient parks facing tenant attraction difficulties, making innovative business models a core driver[31] - The intelligent financial equipment industry continues to shrink due to the widespread penetration of non-cash payments, leading the company to actively reduce traditional business scale and optimize operating costs[32] - The company strategically enhances the value creation capability of its industrial park business, striving to promote business transformation for high-quality sustainable development[32] Core Competitiveness Analysis The company's core competitiveness stems from its strategically located industrial parks in the Greater Bay Area, robust financial health with ample cash reserves, sound corporate governance, and deep expertise in financial technology, supporting its transformation and resilience - The company's three self-owned industrial parks are located in Guangzhou, leveraging the advantages of the Guangdong-Hong Kong-Macao Greater Bay Area to form a "Tianhe Sci-Tech + Huangpu Intelligent Manufacturing" synergistic pattern[33] - The company enhances park operational efficiency and enterprise growth by building a smart management platform, improving supporting services, and establishing a full-cycle enterprise service system[33] - The company maintains a sound financial position with ample cash reserves, providing strong support for strategic planning and business expansion, enhancing operational resilience, and seizing industry consolidation opportunities[33] - The company has established a scientific and standardized corporate governance system and a sound internal control system, ensuring compliant operations and stable business development[33] - The company has deep roots in the financial technology sector for many years, leveraging its technological accumulation and customer resources to promote business transformation and upgrading through flexible operating strategies[34] Analysis of Main Business The company's main business revenue decreased by 12.80%, with specialized equipment manufacturing down 46.42% and industrial park operations down 8.77%; operating leases remain the primary revenue source at 93.42%, while income tax expense significantly decreased by 74.92% and net cash flow from investing activities increased by 121.71% due to reduced fixed deposit purchases Key Financial Data Year-on-Year Changes | Indicator | Current Reporting Period (yuan) | Prior Year Period (yuan) | Year-on-Year Change | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 29,612,754.94 | 33,960,129.15 | -12.80% | | | Operating Cost | 14,053,353.13 | 14,568,119.84 | -3.53% | | | Selling Expenses | 1,477,334.85 | 1,763,934.98 | -16.25% | | | Administrative Expenses | 10,047,068.43 | 10,855,986.42 | -7.45% | | | Financial Expenses | -9,395,687.12 | -9,789,781.91 | 4.03% | | | Income Tax Expense | 1,549,282.06 | 6,177,615.48 | -74.92% | Decrease in deferred income tax expense this period | | Net Cash Flow from Operating Activities | 20,578,528.24 | 17,706,603.63 | 16.22% | | | Net Cash Flow from Investing Activities | 923,112.05 | -4,252,208.79 | 121.71% | Decrease in purchases of fixed deposits and large-denomination certificates of deposit this period | | Net Cash Flow from Financing Activities | -761,186.61 | | | Dividend distribution this period | | Net Increase in Cash and Cash Equivalents | 20,740,453.94 | 13,472,542.07 | 53.95% | Decrease in purchases of fixed deposits and large-denomination certificates of deposit this period | Operating Revenue Composition (by Industry, Product, Region) | Category | Item | Current Reporting Period Amount (yuan) | Proportion of Operating Revenue | Prior Year Period Amount (yuan) | Proportion of Operating Revenue | Year-on-Year Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | By Industry | Specialized Equipment Manufacturing | 1,948,174.50 | 6.58% | 3,636,181.14 | 10.71% | -46.42% | | | Industrial Park Operations | 27,664,580.44 | 93.42% | 30,323,948.01 | 89.29% | -8.77% | | By Product | ATM Cooperative Operations | | | 2,936.55 | 0.01% | -100.00% | | | ATM Technology, Financial Services | 1,948,174.50 | 6.58% | 3,633,244.59 | 10.70% | -46.38% | | | Operating Leases | 27,664,580.44 | 93.42% | 30,323,948.01 | 89.29% | -8.77% | | By Region | Guangzhou Region | 26,538,561.48 | 89.62% | 29,093,653.07 | 85.67% | -8.78% | | | Regions Outside Guangdong Province | 3,074,193.46 | 10.38% | 4,866,476.08 | 14.33% | -36.83% | Industries, Products, or Regions Accounting for Over 10% of Company's Operating Revenue or Operating Profit | Category | Item | Operating Revenue (yuan) | Operating Cost (yuan) | Gross Margin | Year-on-Year Change in Operating Revenue | Year-on-Year Change in Operating Cost | Year-on-Year Change in Gross Margin | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | By Industry | Specialized Equipment Manufacturing | 1,948,174.50 | 971,739.14 | 50.12% | -46.42% | -26.54% | -13.50% | | | Industrial Park Operations | 27,664,580.44 | 13,081,613.99 | 52.71% | -8.77% | -1.24% | -3.61% | | By Product | ATM Technology, Financial Services | 1,948,174.50 | 971,739.14 | 50.12% | -46.38% | -26.54% | -13.47% | | | Operating Leases | 27,664,580.44 | 13,081,613.99 | 52.71% | -8.77% | -1.24% | -3.61% | | By Region | Guangzhou Region | 26,538,561.48 | 12,549,158.95 | 52.71% | -8.78% | -1.25% | -3.61% | | | Regions Outside Guangdong Province | 3,074,193.46 | 1,504,194.18 | 51.07% | -36.83% | -19.14% | -10.70% | Analysis of Non-Core Business Non-core businesses significantly contributed to total profit, with investment income accounting for 15.46% from financial assets held for trading, while fair value changes were negative, and other non-operating income primarily from early lease termination deposits and overdue rent penalties Impact of Non-Core Business on Total Profit | Item | Amount (yuan) | Proportion of Total Profit | Explanation of Cause | Sustainability | | :--- | :--- | :--- | :--- | :--- | | Investment Income | 1,880,955.15 | 15.46% | Investment income from financial assets held for trading | No | | Fair Value Change Gains/Losses | -514,666.76 | -4.23% | Fair value changes of financial assets held for trading | No | | Non-Operating Income | 1,374,791.20 | 11.30% | Early lease termination deposits and overdue rent penalties, etc | No | | Non-Operating Expenses | 669,721.91 | 5.50% | Late payment fees, etc | No | Analysis of Assets and Liabilities At the end of the reporting period, total assets slightly increased by 0.48%; monetary funds rose due to redeemed wealth management products, fixed assets increased from property acquisitions, and other current assets grew from increased fixed deposits, while accounts payable decreased and advances from customers increased - Total assets at the end of the reporting period were 1.73 billion yuan, an increase of 0.48% compared to the end of the previous year[20] Significant Changes in Asset Composition Monetary funds increased by 1.19% due to redeemed wealth management products, fixed assets rose by 0.38% from property purchases, non-current assets due within one year decreased by 2.88% due to reduced large-denomination certificates of deposit, and other current assets increased by 0.88% from higher fixed deposits Significant Changes in Asset Composition | Item | Amount at End of Current Reporting Period (yuan) | Proportion of Total Assets | Amount at End of Prior Year (yuan) | Proportion of Total Assets | Change in Proportion | Explanation of Significant Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Monetary Funds | 40,530,627.54 | 2.34% | 19,788,473.60 | 1.15% | 1.19% | Redemption of wealth management products this period | | Fixed Assets | 23,968,634.41 | 1.38% | 17,289,329.13 | 1.00% | 0.38% | Acquisition of properties this period | | Non-Current Assets Due Within One Year | 32,454,544.52 | 1.87% | 81,977,277.40 | 4.75% | -2.88% | Decrease in large-denomination certificates of deposit due within one year | | Other Current Assets | 30,150,254.42 | 1.74% | 14,826,085.56 | 0.86% | 0.88% | Increase in fixed deposits this period | | Accounts Payable | 3,012,017.72 | 0.17% | 4,707,832.66 | 0.27% | -0.10% | Payment of project costs this period | | Advances from Customers | 3,136,266.58 | 0.18% | 1,296,094.11 | 0.08% | 0.10% | Increase in pre-received rent this period | Assets and Liabilities Measured at Fair Value At the end of the reporting period, the company's total financial assets measured at fair value amounted to 189 million yuan, primarily comprising financial assets held for trading and other non-current financial assets, with a fair value change loss of 0.51 million yuan for financial assets held for trading Assets and Liabilities Measured at Fair Value | Item | Beginning Balance (yuan) | Fair Value Change Gains/Losses This Period (yuan) | Amount Purchased This Period (yuan) | Amount Sold This Period (yuan) | Ending Balance (yuan) | | :--- | :--- | :--- | :--- | :--- | :--- | | Financial Assets Held for Trading | 140,552,013.42 | -514,666.76 | 737,385,070.58 | 779,257,542.53 | 100,037,346.66 | | Other Non-Current Financial Assets | 89,112,439.69 | | | | 89,112,439.69 | | Total Above | 229,664,453.11 | -514,666.76 | 737,385,070.58 | 779,257,542.53 | 189,149,786.35 | Asset Restrictions as of the End of the Reporting Period As of the end of the reporting period, the company's restricted assets were minimal, consisting solely of 2,100 yuan in monetary funds held as a securities account trading margin Asset Restrictions | Item | Book Value at Period-End (yuan) | Reason for Restriction | | :--- | :--- | :--- | | Monetary Funds | 2,100.00 | Securities account trading margin | | Total | 2,100.00 | | Investment Analysis During the reporting period, the company primarily engaged in securities investments, specifically bond trading, with 587 million yuan purchased and sold, resulting in a profit of 35,800 yuan, and no derivative investments or use of raised funds - The company had no significant equity investments or non-equity investments during the reporting period[46] Securities Investment The company's main securities investment during the reporting period was in bonds (GC001), measured at fair value, with 587 million yuan purchased and sold, generating a profit of 35,800 yuan, and a period-end book value of zero Securities Investment | Security Type | Security Code | Security Name | Initial Investment Cost (yuan) | Accounting Measurement Method | Amount Purchased This Period (yuan) | Amount Sold This Period (yuan) | Profit/Loss This Period (yuan) | Book Value at Period-End (yuan) | Source of Funds | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Bonds | 204001 | GC001 | 141,835,000.00 | Fair Value Measurement | 587,376,000.00 | 587,412,413.57 | 35,826.19 | 0.00 | Own Funds | - The company had no derivative investments during the reporting period[48] - The company had no use of raised funds during the reporting period[49] Analysis of Major Holding and Associate Companies Key subsidiaries showed mixed performance: Guangzhou Kingteller ATM Technology's profit declined due to reduced interest income, Guangzhou Kingteller Intelligent Technology's total assets increased but revenue decreased, Guangzhou Kingteller ATM Technology's profit surged from higher interest and wealth management income, and Guangzhou Kingteller Industrial Park's revenue and profit significantly dropped due to reduced property rentals Summary of Financial Performance of Major Subsidiaries and Associate Companies | Company Name | Type | Registered Capital (yuan) | Total Assets (yuan) | Net Assets (yuan) | Operating Revenue (yuan) | Operating Profit (yuan) | Net Profit (yuan) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Guangzhou Kingteller ATM Technology Co., Ltd. | Subsidiary | 50,000,000.00 | 670,586,226.93 | 148,823,639.80 | 6,024,204.78 | 1,334,161.22 | 1,678,372.72 | | Guangzhou Kingteller Intelligent Technology Co., Ltd. | Subsidiary | 30,000,000.00 | 350,528,192.13 | -19,288,005.43 | 1,948,174.50 | 2,721,817.59 | 1,912,619.63 | | Guangzhou Kingteller ATM Technology Co., Ltd. | Subsidiary | 3,000,000.00 | 815,039,016.04 | 182,942,601.12 | 0.00 | 6,726,830.67 | 6,188,914.35 | | Guangzhou Kingteller Industrial Park Co., Ltd. | Subsidiary | 315,000,000.00 | 324,436,075.61 | -1,630,204.07 | 5,087,846.99 | -1,564,120.66 | -1,564,120.66 | | Qianhai Equity Exchange Investment Holding (Shenzhen) Co., Ltd. | Associate Company | 1,177,400,000.00 | 1,378,302,748.09 | 1,354,960,708.35 | 5,859,408.72 | 591,536.17 | 717,029.12 | - Guangzhou Kingteller ATM Technology Co., Ltd.'s operating profit and net profit decreased by 83.90% and 74.53% year-on-year, primarily due to reduced interest income from fixed deposits and large-denomination certificates of deposit[53] - Guangzhou Kingteller Intelligent Technology Co., Ltd.'s total assets increased by 69.05% year-on-year, mainly due to an increase in large-denomination certificates of deposit held at period-end; operating revenue decreased by 46.31% year-on-year, primarily due to reduced ATM technology and financial service income[54] - Guangzhou Kingteller ATM Technology Co., Ltd.'s operating profit and net profit increased by 100.22% and 2,465.21% year-on-year, respectively, mainly due to increased interest income from fixed deposits and large-denomination certificates of deposit, and investment income from wealth management products[54] - Guangzhou Kingteller Industrial Park Co., Ltd.'s operating revenue, operating profit, and net profit decreased by 35.17%, 252.18%, and 236.64% year-on-year, respectively, primarily due to reduced external leasing of the company's self-owned properties[54] Risks Faced by the Company and Countermeasures The company faces macroeconomic, market competition, and securities investment risks, which it addresses by building a resilient service system, optimizing industrial positioning, focusing on differentiated competition, exploring new urban-industrial integration paths, and implementing prudent, flexible investment strategies with robust internal controls - Macroeconomic risks include international industrial chain restructuring, economic cycle fluctuations, policy environment changes, and upgrading social demand, which the company addresses through flexible leasing solutions, industrial ecosystem cultivation, and precise policy alignment[56] - Market risks manifest as intensified differentiation in the industrial park sector, pressure from business model transformation, risks in emerging layouts, and the complexity of urban-industrial integration, which the company addresses through differentiated competition, upgraded investment attraction services, and new urban-industrial integration paths[56] - Risks of uncertainty in securities investment and wealth management returns are managed by reasonably controlling the scale of financial investments, optimizing internal control and risk management systems, flexibly adjusting asset allocation, and opportunistically deploying low-risk products[57] Corporate Governance, Environment, and Society This section details changes in the company's governance structure, profit distribution plans, and its commitment to social responsibility, including investor, employee, and environmental protection Changes in Directors, Supervisors, and Senior Management During the reporting period, there were changes in the company's directors, supervisors, and senior management, with independent director Zhang Hua departing due to term expiration, Zheng Lei elected as a new independent director, and supervisors Li Kefu, Zhang Chenghu, and Qiu Miao leaving due to supervisory board reform Changes in Directors, Supervisors, and Senior Management | Name | Position Held | Type | Date | Reason | | :--- | :--- | :--- | :--- | :--- | | Zhang Hua | Independent Director | Term Expired | February 24, 2025 | Re-election | | Zheng Lei | Independent Director | Elected | February 24, 2025 | Re-election | | Li Kefu | Chairman of Supervisory Board | Resigned | July 22, 2025 | Supervisory Board Reform | | Zhang Chenghu | Supervisor | Resigned | July 22, 2025 | Supervisory Board Reform | | Qiu Miao | Supervisor | Resigned | July 22, 2025 | Supervisory Board Reform | Profit Distribution and Capital Reserve Capitalization During the Reporting Period The company proposes a cash dividend of 0.02 yuan (tax inclusive) per 10 shares to all shareholders, based on a total share capital of 761,191,294 shares, amounting to 1.52 million yuan, with no bonus shares or capital reserve capitalization Profit Distribution Plan | Indicator | Content | | :--- | :--- | | Number of Bonus Shares per 10 Shares (shares) | 0 | | Cash Dividend per 10 Shares (yuan) (tax inclusive) | 0.02 | | Share Capital Base for Distribution Plan (shares) | 761,191,294 | | Cash Dividend Amount (yuan) (tax inclusive) | 1,522,382.58 | | Proportion of Total Cash Dividend to Total Profit Distribution | 100% | | Distributable Profit (yuan) | 656,066,600.58 | Social Responsibility The company is committed to protecting investor rights through robust governance and transparent disclosure, safeguarding employee welfare with systematic training and fair compensation, maintaining integrity with suppliers and customers, and actively promoting green, low-carbon practices for environmental protection - The company builds a corporate governance system with clear responsibilities and standardized operations, adhering to principles of "truthfulness, accuracy, completeness, timeliness, and fairness" in information disclosure to protect investors' legitimate rights and interests[63][64] - The company adheres to a "people-oriented" approach, protecting employee rights through systematic training, transparent communication mechanisms, sound rights protection systems, and fair compensation structures[64] - The company values the protection of supplier, customer, and consumer rights, operating legally, upholding integrity in cooperation, and continuously optimizing management mechanisms and service capabilities[64] - The company highly values environmental protection and sustainable development, actively promoting green and low-carbon environmental concepts, strengthening resource recycling, and reducing its environmental impact from operations[65] Significant Matters This section covers the fulfillment of commitments, absence of fund appropriation or illegal guarantees, related party transactions, and significant contracts, ensuring transparency on key corporate events Fulfillment of Commitments During the reporting period, there were no commitments made by the company's actual controller, shareholders, related parties, acquirers, or the company itself that were either fulfilled or overdue - During the reporting period, there were no commitments made by the company's actual controller, shareholders, related parties, acquirers, or the company itself that were either fulfilled or overdue as of the end of the reporting period[67] Fund Appropriation, Illegal Guarantees, Appointment of Accounting Firm, Bankruptcy Reorganization, Litigation, Penalties, and Integrity Status During the reporting period, the company had no non-operating fund appropriation by controlling shareholders or related parties, illegal external guarantees, bankruptcy reorganization, significant litigation, penalties, or integrity issues, and its semi-annual financial report was unaudited - During the reporting period, the company had no non-operating fund appropriation by controlling shareholders or other related parties to the listed company[68] - The company had no illegal external guarantees during the reporting period[69] - The company's semi-annual report was unaudited[70] - No bankruptcy reorganization-related matters occurred during the reporting period[71] - The company had no significant litigation or arbitration matters during the reporting period[72] - The company had no penalties or rectification situations during the reporting period[73] - The company, its controlling shareholder, and actual controller maintain good integrity status[74] Significant Related Party Transactions During the reporting period, the company did not engage in any significant related party transactions, including those related to daily operations, asset/equity acquisitions or disposals, joint external investments, related party creditor-debtor relationships, or financial transactions with affiliated finance companies - The company had no related party transactions related to daily operations during the reporting period[74] - The company had no related party transactions involving asset or equity acquisitions or disposals during the reporting period[75] - The company had no related party transactions involving joint external investments during the reporting period[76] - The company had no related party creditor-debtor relationships during the reporting period[77] - The company had no deposits, loans, credit lines, or other financial business with affiliated finance companies or related parties[78] Significant Contracts and Their Performance During the reporting period, the company had no entrustment or contracting arrangements; its leasing activities primarily involved property leases with an asset value of 667 million yuan, and it engaged in wealth management with a total and outstanding amount of 782 million yuan, all without overdue or impairment issues - The company had no entrustment situations during the reporting period[81] - The company had no contracting situations during the reporting period[82] - The company had no significant guarantee situations during the reporting period[84] - The company had no other significant contracts during the reporting period[87] Entrustment, Contracting, and Leasing Matters The company had no entrustment or contracting matters during the reporting period; its leasing activities primarily involved property leases with an asset value of 667 million yuan, none of which generated profit exceeding 10% of the company's total profit Leasing Situation | Item | Leased Asset Value (yuan) | | :--- | :--- | | Properties | 666,659,978.71 | | Total | 666,659,978.71 | - During the reporting period, the company had no leasing projects that generated profit exceeding 10% of the company's total profit for the reporting period[83] Wealth Management The company's total and outstanding wealth management products amounted to 782 million yuan, funded by its own capital, including 682 million yuan in bank wealth management products and 100 million yuan in brokerage wealth management products, all without overdue principal or impairment Wealth Management Situation | Specific Type | Source of Wealth Management Funds | Amount of Wealth Management (ten thousand yuan) | Outstanding Balance (ten thousand yuan) | Overdue Unrecovered Amount (ten thousand yuan) | | :--- | :--- | :--- | :--- | :--- | | Bank Wealth Management Products | Own Funds | 68,200 | 68,200 | 0 | | Brokerage Wealth Management Products | Own Funds | 10,000 | 10,000 | 0 | | Total | | 78,200 | 78,200 | 0 | - During the reporting period, the company had no single wealth management product that was significant in amount, low in safety, poor in liquidity, or high-risk[86] - No wealth management products experienced situations where principal was expected to be unrecoverable or other circumstances that could lead to impairment[86] Explanation of Other Significant Matters Chairman Yang Wenjiang holds 114.18 million shares, representing 15.00% of the total share capital, with 16.65 million shares (14.58% of his holdings) pledged; the company also revised its Articles of Association and other governance documents, transferring supervisory board functions to the board's audit committee Mr. Yang Wenjiang's Shareholding and Pledge Status | Indicator | Quantity/Proportion | | :--- | :--- | | Total Shares Held in Company | 114,178,774 shares | | Proportion of Company's Total Share Capital | 15.00% | | Shares Held in Ordinary Securities Account | 32,566,719 shares | | Shares Held in Margin Trading and Securities Lending Account | 81,612,055 shares | | Total Pledged Shares | 16,650,000 shares | | Proportion of His Held Company Shares | 14.58% | | Proportion of Company's Total Share Capital | 2.19% | - The company revised its Articles of Association and other governance documents, transferring the functions of the supervisory board to the board's audit committee and abolishing the "Rules of Procedure for the Supervisory Board"[89] Share Changes and Shareholder Information This section outlines changes in the company's share capital, restricted shares, and provides details on the total number of shareholders and the holdings of the top ten shareholders Share Changes During the reporting period, the company's total share capital remained unchanged at 761,191,294 shares; restricted shares decreased by 5,708,849 shares, and unrestricted shares increased by the same amount, primarily due to the re-determination of executive lock-up shares at 75% of their total holdings Share Changes | Item | Number Before This Change (shares) | Proportion Before This Change | Increase/Decrease in This Change (+, -) (shares) | Number After This Change (shares) | Proportion After This Change | | :--- | :--- | :--- | :--- | :--- | :--- | | I. Restricted Shares | 91,981,180 | 12.08% | -5,708,849 | 86,272,331 | 11.33% | | II. Unrestricted Shares | 669,210,114 | 87.92% | 5,708,849 | 674,918,963 | 88.67% | | III. Total Shares | 761,191,294 | 100.00% | 0 | 761,191,294 | 100.00% | - The share change was due to the cross-year change in executive lock-up shares, which were re-determined at 75% of their total holdings[93] Changes in Restricted Shares During the reporting period, controlling shareholder Yang Wenjiang's restricted shares decreased by 5,708,849 shares, resulting in 86,272,331 restricted shares at period-end, primarily due to the release of executive lock-up shares as per regulations Changes in Restricted Shares | Shareholder Name | Restricted Shares at Beginning of Period (shares) | Shares Released This Period (shares) | Shares Increased This Period (shares) | Restricted Shares at End of Period (shares) | Reason for Restriction | | :--- | :--- | :--- | :--- | :--- | :--- | | Yang Wenjiang | 91,981,180 | 5,708,849 | 0 | 86,272,331 | Executive Lock-up Shares | - Yang Wenjiang's restricted shares were released based on regulations for executive and senior management lock-up shares during their tenure[96] Number of Shareholders and Shareholding Status At the end of the reporting period, the company had 158,240 common shareholders; among the top ten, Yang Wenjiang held 15.11% of shares, with 86,272,331 restricted shares, while other major shareholders were institutional investors and domestic individuals, each holding less than 5% - The total number of common shareholders at the end of the reporting period was 158,240[98] Shareholding Status of Shareholders Holding 5% or More or Top 10 Shareholders | Shareholder Name | Shareholder Nature | Shareholding Proportion | Number of Shares Held at End of Reporting Period (shares) | Number of Restricted Shares Held (shares) | Number of Unrestricted Shares Held (shares) | | :--- | :--- | :--- | :--- | :--- | :--- | | Yang Wenjiang | Overseas Natural Person | 15.11% | 115,029,774 | 86,272,331 | 28,757,443 | | Industrial and Commercial Bank of China Co., Ltd. - Southern CSI All-Share Real Estate ETF | Other | 1.28% | 9,714,400 | 0 | 9,714,400 | | BARCLAYS BANK PLC | Overseas Legal Person | 1.01% | 7,701,900 | 0 | 7,701,900 | | Goldman Sachs & Co. LLC | Overseas Legal Person | 0.94% | 7,181,770 | 0 | 7,181,770 | | Wang Yun | Domestic Natural Person | 0.59% | 4,524,400 | 0 | 4,524,400 | | UBS AG | Overseas Legal Person | 0.58% | 4,403,809 | 0 | 4,403,809 | | Lin Zhimin | Domestic Natural Person | 0.58% | 4,385,400 | 0 | 4,385,400 | | MORGAN STANLEY & CO. INTERNATIONAL PLC. | Overseas Legal Person | 0.58% | 4,381,142 | 0 | 4,381,142 | | Zhou Peiming | Domestic Natural Person | 0.46% | 3,500,000 | 0 | 3,500,000 | | Zhao Meihua | Domestic Natural Person | 0.38% | 2,892,700 | 0 | 2,892,700 | - The company is unaware if there are any related party relationships among the top ten shareholders or if they are considered concerted parties under the "Measures for the Administration of the Acquisition of Listed Companies"[98] - The company's controlling shareholder or actual controller did not change during the reporting period[102] Bond-Related Information This section confirms the absence of any bond-related activities or outstanding bonds for the company during the reporting period Bond-Related Information The company had no bond-related activities or outstanding bonds during the reporting period - The company had no bond-related situations during the reporting period[105] Financial Report This section presents the company's unaudited financial statements, including balance sheets, income statements, cash flow statements, and statements of changes in owners' equity, along with detailed notes Audit Report The company's 2025 semi-annual financial report was unaudited - The company's semi-annual financial report was unaudited[107] Financial Statements This section presents the company's H1 2025 consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in owners' equity, providing a comprehensive view of its financial position, operating results, and cash flows Consolidated Balance Sheet As of June 30, 2025, the company's consolidated total assets were 1.73 billion yuan, with current assets at 206 million yuan and non-current assets at 1.53 billion yuan; total liabilities were 26.24 million yuan, and total owners' equity was 1.71 billion yuan Consolidated Balance Sheet Key Data | Item | Ending Balance (yuan) | Beginning Balance (yuan) | | :--- | :--- | :--- | | Total Assets | 1,734,107,792.62 | 1,725,892,010.99 | | Total Current Assets | 206,410,290.64 | 261,076,464.24 | | Total Non-Current Assets | 1,527,697,501.98 | 1,464,815,546.75 | | Total Liabilities | 26,236,783.40 | 27,879,688.84 | | Total Owners' Equity | 1,707,871,009.22 | 1,698,012,322.15 | Parent Company Balance Sheet As of June 30, 2025, the parent company's total assets were 1.62 billion yuan, with current assets at 938 million yuan and non-current assets at 685 million yuan; total liabilities were 81.98 million yuan, and total owners' equity was 1.54 billion yuan Parent Company Balance Sheet Key Data | Item | Ending Balance (yuan) | Beginning Balance (yuan) | | :--- | :--- | :--- | | Total Assets | 1,623,606,455.38 | 1,616,423,627.62 | | Total Current Assets | 938,416,518.72 | 935,223,348.95 | | Total Non-Current Assets | 685,189,936.66 | 681,200,278.67 | | Total Liabilities | 81,977,414.19 | 73,066,853.71 | | Total Owners' Equity | 1,541,629,041.19 | 1,543,356,773.91 | Consolidated Income Statement In H1 2025, the company's consolidated total operating revenue was 29.61 million yuan, a 12.80% year-on-year decrease, while net profit increased by 10.43% to 10.62 million yuan, with basic earnings per share at 0.0140 yuan Consolidated Income Statement Key Data | Item | 2025 Semi-Annual (yuan) | 2024 Semi-Annual (yuan) | | :--- | :--- | :--- | | Total Operating Revenue | 29,612,754.94 | 33,960,129.15 | | Total Operating Costs | 20,075,861.91 | 21,064,684.51 | | Operating Profit | 11,464,086.45 | 15,353,718.31 | | Total Profit | 12,169,155.74 | 15,794,359.61 | | Net Profit | 10,619,873.68 | 9,616,744.13 | | Net Profit Attributable to Parent Company Shareholders | 10,619,873.68 | 9,616,744.13 | | Basic Earnings Per Share | 0.0140 | 0.0126 | Parent Company Income Statement In H1 2025, the parent company's operating revenue was 14.32 million yuan, and its net loss narrowed to 0.97 million yuan from 1.67 million yuan in the prior year Parent Company Income Statement Key Data | Item | 2025 Semi-Annual (yuan) | 2024 Semi-Annual (yuan) | | :--- | :--- | :--- | | Operating Revenue | 14,321,134.73 | 15,306,854.40 | | Operating Profit | -910,489.97 | -689,104.23 | | Total Profit | -869,679.22 | -1,010,727.02 | | Net Profit | -966,546.11 | -1,669,367.36 | Consolidated Cash Flow Statement In H1 2025, net cash flow from operating activities was 20.58 million yuan, a 16.22% year-on-year increase; net cash flow from investing activities turned positive at 0.92 million yuan, and net cash flow from financing activities was -0.76 million yuan due to dividend distribution Consolidated Cash Flow Statement Key Data | Item | 2025 Semi-Annual (yuan) | 2024 Semi-Annual (yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 20,578,528.24 | 17,706,603.63 | | Net Cash Flow from Investing Activities | 923,112.05 | -4,252,208.79 | | Net Cash Flow from Financing Activities | -761,186.61 | 0.00 | | Net Increase in Cash and Cash Equivalents | 20,740,453.94 | 13,472,542.07 | | Cash and Cash Equivalents at Period-End | 40,528,527.54 | 89,645,922.94 | Parent Company Cash Flow Statement In H1 2025, the parent company's net cash flow from operating activities was 11.51 million yuan, net cash flow from investing activities was -9.08 million yuan, and net cash flow from financing activities was -0.76 million yuan, resulting in a net increase of 1.66 million yuan in cash and cash equivalents Parent Company Cash Flow Statement Key Data | Item | 2025 Semi-Annual (yuan) | 2024 Semi-Annual (yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 11,507,882.79 | 43,158,116.93 | | Net Cash Flow from Investing Activities | -9,082,348.76 | -3,071,742.63 | | Net Cash Flow from Financing Activities | -761,186.61 | 0.00 | | Net Increase in Cash and Cash Equivalents | 1,664,347.68 | 40,086,375.24 | | Cash and Cash Equivalents at Period-End | 8,820,597.80 | 43,584,259.95 | Consolidated Statement of Changes in Owners' Equity In H1 2025, consolidated owners' equity increased by 9.86 million yuan to 1.71 billion yuan, primarily due to a 10.62 million yuan increase in comprehensive income, partially offset by a 0.76 million yuan reduction from profit distribution Consolidated Statement of Changes in Owners' Equity | Item | 2025 Semi-Annual Beginning Balance (yuan) | 2025 Semi-Annual Ending Balance (yuan) | Change Amount (yuan) | | :--- | :--- | :--- | :--- | | Share Capital | 761,191,294.00 | 761,191,294.00 | 0 | | Capital Reserve | 31,113,833.00 | 31,113,833.00 | 0 | | Surplus Reserve | 94,257,313.61 | 94,257,313.61 | 0 | | Retained Earnings | 811,449,881.54 | 821,308,568.61 | 9,858,687.07 | | Total Owners' Equity | 1,698,012,322.15 | 1,707,871,009.22 | 9,858,687.07 | - Total comprehensive income for this period was 10,619,873.68 yuan, and profit distribution decreased by 761,186.61 yuan[117] Parent Company Statement of Changes in Owners' Equity In H1 2025, the parent company's total owners' equity decreased by 1.73 million yuan to 1.54 billion yuan, mainly due to a comprehensive loss of 0.97 million yuan and a 0.76 million yuan reduction from profit distribution Parent Company Statement of Changes in Owners' Equity | Item | 2025 Semi-Annual Beginning Balance (yuan) | 2025 Semi-Annual Ending Balance (yuan) | Change Amount (yuan) | | :--- | :--- | :--- | :--- | | Share Capital | 761,191,294.00 | 761,191,294.00 | 0 | | Capital Reserve | 30,113,833.00 | 30,113,833.00 | 0 | | Surplus Reserve | 94,257,313.61 | 94,257,313.61 | 0 | | Retained Earnings | 657,794,333.30 | 656,066,600.58 | -1,727,732.72 | | Total Owners' Equity | 1,543,356,773.91 | 1,541,629,041.19 | -1,727,732.72 | - Total comprehensive income for this period was -966,546.11 yuan, and profit distribution decreased by 761,186.61 yuan[121] Company Profile Guangzhou Kingteller Technology Co., Ltd., established in 2001 and listed in 2007, has a total share capital of 761.19 million shares, with its headquarters in Guangzhou, and primarily operates in intelligent financial equipment services and industrial park management - The company, formerly Guangzhou Kingteller Technology Co., Ltd., was established on April 26, 2001, and listed on the Shenzhen Stock Exchange in November 2007[124][125] - As of the end of this reporting period, the company's total issued share capital was 761.191294 million shares, with a registered capital of 761.191294 million yuan[125] - The company's legal representative is Yang Wenjiang, and its main businesses are intelligent financial equipment industry-related operating services and industrial park operations built on self-owned properties[125] - These financial statements and notes were approved by the company's Eighth Board of Directors at its Ninth Meeting on August 18, 2025[125] Basis of Financial Statement Preparation The company's financial statements are prepared on a going concern basis,依据《企业会计准则》及中国证券监督管理委员会的相关规定编制. The company's financial statements are prepared on a going concern basis in accordance with Enterprise Accounting Standards and CSRC regulations, with no significant factors affecting its ability to continue as a going concern within 12 months from the reporting period end - The company prepares its financial statements on a going concern basis, in accordance with "Enterprise Accounting Standards" and the "Information Disclosure Rules for Companies Issuing Securities No. 15 - General Provisions for Financial Reports" (Revised 2023) issued by the China Securities Regulatory Commission[126] - The company has no significant factors affecting its ability to continue as a going concern within 12 months from the end of the reporting period[127] Significant Accounting Policies and Estimates This section details the company's adherence to Enterprise Accounting Standards, defining its accounting period, operating cycle, functional currency, materiality criteria, and comprehensive policies for business combinations, financial instruments, revenue recognition, and other key accounting areas, with no changes in policies or estimates during the period - These financial statements comply with the requirements of the Enterprise Accounting Standards issued by the Ministry of Finance, truthfully and completely reflecting the company's financial position, operating results, and cash flows[129] - The company's operating cycle is 12 months, and it uses RMB as its functional currency[131][132] - The company classifies, recognizes, and measures financial assets based on business models and contractual cash flow characteristics into three categories: measured at amortized cost, measured at fair value through other comprehensive income, and measured at fair value through profit or loss[148] - The company's revenue recognition and measurement policy stipulates that revenue is recognized when performance obligations in the contract are fulfilled, i.e., when the customer obtains control of the related goods or services[198] - The company had no significant changes in accounting policies or significant changes in accounting estimates during the reporting period[218] Taxation The company's main taxes include VAT (13%, 9%, 6%, 5%, 3%), Urban Maintenance and Construction Tax (7%), Education Surcharge (3%), and Local Education Surcharge (2%), with corporate income tax primarily at 25%, and some subsidiaries enjoying preferential rates of 20% and various tax exemptions for small-scale taxpayers and high-tech enterprises Main Tax Categories and Rates | Tax Category | Tax Base | Tax Rate | | :--- | :--- | :--- | | Value-Added Tax | Taxable Income | 13%, 9%, 6%, 5%, 3% | | Urban Maintenance and Construction Tax | Amount of Turnover Tax Payable | 7% | | Education Surcharge | Amount of Turnover Tax Payable | 3% | | Local Education Surcharge | Amount of Turnover Tax Payable | 2% | Taxable Entities with Different Corporate Income Tax Rates | Taxable Entity Name | Income Tax Rate | | :--- | :--- | | Guangzhou Kingteller Technology Co., Ltd. | 25% | | Guangzhou Yuxin Software Co., Ltd. | 25% | | Guangzhou Kingteller ATM Technology Co., Ltd. | 25% | | Guangzhou Kingteller Intelligent Technology Co., Ltd. | 25% | | Guangzhou Kingteller ATM Technology Co., Ltd. | 25% | | Beijing Tiancheng Zhihe Technology Co., Ltd. | 20% | | Guangdong Xiaojuren Entrepreneurship Park Co., Ltd. | 20% | | Beijing Yuxin Zhihe Technology Co., Ltd. | 20% | | Guangzhou Shifang Software Technology Co., Ltd. | 20% | | Guangzhou Isotope Intelligent Technology Co., Ltd. | 20% | | Guangzhou Kingteller Industrial Park Co., Ltd. | 25% | | Guangzhou Yulian Software Co., Ltd. | 20% | | Guangzhou Yushang Information Technology Co., Ltd. | 20% | | Beijing Guangyue Technology Co., Ltd. | 20% | | Guangzhou Chuangxinyuan Property Management Co., Ltd. | 20% | | Guangzhou Yuyuan Property Management Co., Ltd. | 20% | - The company enjoys VAT exemption policies for small-scale taxpayers, as well as policies for small and micro enterprises and individual businesses to halve resource tax, urban maintenance and construction tax, property tax, etc[220] - The company enjoys a policy for small-profit enterprises to calculate taxable income at 25% and pay corporate income tax at a 20% rate, which is extended until December 31, 2027[220] - High-tech enterprises and technology-based small and medium-sized enterprises can carry forward losses for up to 10 years[221][222] Notes to Consolidated Financial Statement Items This section details consolidated financial statement items, including monetary funds (40.53 million yuan), financial assets held for trading (100 million yuan), accounts receivable (2.48 million yuan), investment properties (666.66 million yuan), fixed assets (23.97 million yuan), intangible assets (47.09 million yuan), operating revenue (29.61 million yuan), operating costs (14.05 million yuan), management expenses (10.05 million yuan), financial expenses (-9.40 million yuan), and net cash flow from operating activities (20.58 million yuan) Key Asset and Liability Items at Period-End | Item | Ending Balance (yuan) | | :--- | :--- | | Monetary Funds | 40,530,627.54 | | Financial Assets Held for Trading | 100,037,346.66 | | Accounts Receivable | 2,483,940.27 | | Investment Properties | 666,659,978.71 | | Fixed Assets | 23,968,634.41 | | Intangible Assets | 47,093,986.96 | | Accounts Payable | 3,012,017.72 | | Advances from Customers | 3,136,266.58 | | Employee Benefits Payable | 955,148.33 | | Taxes Payable | 2,476,957.94 | Key Income Statement Items Current Period Amount | Item | Current Period Amount (yuan) | | :--- | :--- | | Operating Revenue | 29,612,754.94 | | Operating Cost | 14,053,353.13 | | Taxes and Surcharges | 3,893,792.62 | | Selling Expenses | 1,477,334.85 | | Administrative Expenses | 10,047,068.43 | | Financial Expenses | -9,395,687.12 | | Other Income | 52,885.45 | | Investment Income | 1,880,955.15 | | Fair Value Change Gains | -514,666.76 | | Credit Impairment Losses | 508,019.58 | | Non-Operating Income | 1,374,791.20 | | Non-Operating Expenses | 669,721.91 | | Income Tax Expense | 1,549,282.06 | Key Cash Flow Statement Items Current Period Amount | Item | Current Period Amount (yuan) | | :--- | :--- | | Net Cash Flow from Operating Activities | 20,578,528.24 | | Net Cash Flow from Investing Activities | 923,112.05 | | Net Cash Flow from Financing Activities | -761,186.61 | | Net Increase in Cash and Cash Equivalents | 20,740,453.94 | Changes in Consolidation Scope During the reporting period, the company experienced no changes in its consolidation scope due to non-same-control business combinations, same-control business combinations, or disposal of subsidiaries - During the reporting period, the company had no transactions that achieved business combination in stages through multiple transactions and obtained control within the reporting period[355] - There were no transactions or events resulting in the loss of control over subsidiaries during this period[355] - There were no situations of disposing of investments in subsidiaries in stages through multiple transactions and losing control during this period[355] Interests in Other Entities The company owns 15 subsidiaries across various sectors, including business services, wholesale, R&D, real estate, technology promotion, software, and specialized equipment manufacturing, with direct or combined direct/indirect ownership of 100% (or 80% direct + 20% indirect for Guangzhou Kingteller Intelligent Technology, and 82.33% direct + 17.67% indirect for Guangzhou Isotope Intelligent Technology) Composition of Enterprise Group (Major Subsidiaries) | Subsidiary Name | Registered Capital (yuan) | Main Operating Location | Business Nature | Shareholding Proportion (Direct) | Shareholding Proportion (Indirect) | | :--- | :--- | :--- | :--- | :--- | :--- | | Guangzhou Yuxin Software Co., Ltd. | 1,000,000.00 | Guangzhou | Business Services | 100.00% | | | Guangzhou Kingteller Intelligent Technology Co., Ltd. | 30,000,000.00 | Guangzhou | Wholesale | 80.00% | 20.00% | | Guangzhou Kingteller ATM Technology Co., Ltd. | 3,000,000.00 | Guangzhou | Research and Experimental Development | 100.00% | | | Beijing Yuxin Zhihe Technology Co., Ltd. | 30,000,000.00 | Beijing | Technology Promotion and Application Services | 100.00% | | | Guangdong Xiaojuren Entrepreneurship Park Co., Ltd. | 3,000,000.00 | Guangzhou | Real Estate | 100.00% | | | Beijing Tiancheng Zhihe Technology Co., Ltd. | 30,000,000.00 | Beijing | Technology Promotion and Application Services | 100.00% | | | Guangzhou Yulian Software Co., Ltd. | 11,000,000.00 | Guangzhou | Software and Information Technology Services | 100.00% | | | Guangzhou Shifang Software Technology Co., Ltd. | 25,000,000.00 | Guangzhou | Software and Information Technology Services | 100.00% | | | Guangzhou Isotope Intelligent Technology Co., Ltd. | 28,300,000.00 | Guangzhou | Technology Promotion and Application Services | 82.33% | 17.67% | | Guangzhou Yushang Information Technology Co., Ltd. | 18,500,000.00 | Guangzhou | Software and Information Technology Services | 100.00% | | | Beijing Guangyue Technology Co., Ltd. | 1,000,000.00 | Beijing | Technology Promotion and Application Services | 100.00% | | | Guangzhou Kingteller Industrial Park Co., Ltd. | 315,000,000.00 | Guangzhou | Specialized Equipment Manufacturing | 100.00% | | | Guangzhou Kingteller ATM Technology Co., Ltd. | 50,000,000.00 | Guangzhou | Specialized Equipment Manufacturing | 100.00% | | | Guangzhou Chuangxinyuan Property Management Co., Ltd. | 1,000,000.00 | Guangzhou | Real Estate | 100.00% | | | Guangzhou Yuyuan Property Management Co., Ltd. | 1,000,000.00 | Guangzhou | Real Estate | 100.00% | | Government Grants During the reporting period, the company recognized government grants primarily consisting of a 2,540.46 yuan employment stabilization subsidy, which was recorded in current profit or loss Government Grants Recognized in Current Profit or Loss | Item | Accounting Account | Current Period Amount (yuan) | Prior Period Amount (yuan) | | :--- | :--- | :--- | :--- | | Employment Stabilization Subsidy | Other Income | 2,540.46 | 0.00 | Risks Related to Financial Instruments The company faces credit, liquidity, and market risks (including interest rate, exchange rate, and other price risks), which it manages through diversified investments, credit assessments, cash flow monitoring, strong banking relationships, and hedging strategies; its interest-bearing financial assets totaled 705 million yuan at period-end, mainly fixed deposits and large-denomination certificates of deposit - The company faces credit risk, liquidity risk, and market risk (exchange rate risk, interest rate risk, and other price risks)[359] - The company manages risks through diversified investments, credit assessments, cash flow monitoring, strong banking relationships, and foreign exchange risk hedging strategies[360][361][363] Interest-Bearing Financial Instruments Held | Type | Current Period Amount (yuan) | Prior Period Amount (yuan) | | :--- | :--- | :--- | | Financial Assets | | | | Of which: Financial Assets Held for Trading | | | | Fixed Deposits | 153,397,097.25 | 270,750,003.09 | | Large-Denomination Certificates of Deposit | 551,118,229.46 | 435,791,366.43 | | Total | 704,515,326.71 | 706,541,369.52 | Fair Value Disclosures As of the end of the reporting period, the company's total assets continuously measured at fair value amounted to 189 million yuan, primarily comprising financial assets held for trading (funds, wealth management products) and other non-current financial assets (equity investments in unlisted companies) Fair Value of Assets and Liabilities Measured at Fair Value at Period-End | Item | Level 2 Fair Value Measurement (yuan) | Level 3 Fair Value Measurement (yuan) | Total (yuan) | | :--- | :--- | :--- | :--- | | (I) Financial Assets Held for Tra