楚天龙(003040) - 2025 Q2 - 季度财报

Important Notes, Table of Contents, and Definitions This section provides crucial disclaimers, lists the report's structure, and defines key terms for clarity Important Notes The company's board and management guarantee the report's accuracy, and the company plans no cash dividends or share transfers from capital reserves - The company's board of directors, supervisory board, and senior management guarantee the report's truthfulness, accuracy, and completeness, and assume legal responsibility[3] - Company head Su Chen, chief accountant Yuan Hao, and head of accounting department Zhang Cai'e declare the financial report is true, accurate, and complete[3] - The company plans not to distribute cash dividends, not to issue bonus shares, and not to convert capital reserves into share capital[4] Table of Contents This section outlines the nine main chapters of the semi-annual report, covering all aspects of the company's operations - The report comprises nine main chapters, covering various aspects of the company's operations[6] Definitions This section defines key terms used throughout the report, such as company abbreviations, embedded security products, and digital RMB, to aid reader comprehension - "Company" and "Chutianlong" are defined as Chutianlong Co., Ltd[10] - "Embedded security products" are explained as hardware products integrated into smart devices that ensure device operation, data security, and resistance to external attacks through hardware encryption, authentication, and isolation technologies[10] - "Digital RMB" is clarified as the digital legal tender issued by the People's Bank of China, operated by designated institutions, and equivalent to cash in circulation (M0)[10] Company Profile and Key Financial Indicators This section introduces the company's basic information and presents its main financial performance and position metrics for the reporting period Company Profile Chutianlong Co., Ltd. (stock code: 003040) is listed on the Shenzhen Stock Exchange, with no changes in contact information or disclosure locations during the reporting period Company Basic Information | Indicator | Content | | :--- | :--- | | Stock Abbreviation | Chutianlong | | Stock Code | 003040 | | Stock Exchange | Shenzhen Stock Exchange | | Company's Chinese Name | 楚天龙股份有限公司 | | Company's Legal Representative | Su Chen | - The company's registered address, office address and postal code, website, and email address remained unchanged during the reporting period, as detailed in the 2024 annual report[14] - The company's designated securities exchange website and media for semi-annual report disclosure, along with the report's availability location, remained unchanged during the reporting period, as detailed in the 2024 annual report[15] Key Accounting Data and Financial Indicators During the reporting period, the company's operating revenue decreased by 4.83% to 457.22 million yuan, and net loss attributable to shareholders expanded to 39.77 million yuan Key Accounting Data and Financial Indicators (Consolidated Statements) | Indicator | Current Reporting Period (Yuan) | Prior Year Period (Yuan) | Period-over-Period Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 457,215,840.32 | 480,431,166.93 | -4.83% | | Net Profit Attributable to Shareholders of Listed Company | -39,768,820.40 | -12,702,690.51 | -213.07% | | Net Cash Flow from Operating Activities | -133,330,922.05 | -62,970,895.86 | -111.73% | | Basic Earnings Per Share (Yuan/Share) | -0.09 | -0.03 | -200.00% | | Total Assets (Period-End) | 1,864,113,797.65 | 1,992,037,791.35 | -6.42% | | Net Assets Attributable to Shareholders of Listed Company (Period-End) | 1,404,959,382.59 | 1,458,562,282.15 | -3.68% | Non-Recurring Gains and Losses Items and Amounts | Item | Amount (Yuan) | | :--- | :--- | | Gains or losses from disposal of non-current assets | -1,281,989.41 | | Government grants recognized in current profit or loss (excluding those closely related to the company's normal business operations and in line with national policies) | 784,994.08 | | Gains or losses from changes in fair value of financial assets and liabilities held by non-financial enterprises, and investment gains or losses from disposal of financial assets and liabilities, excluding effective hedging activities related to normal business operations | 2,158,659.91 | | Other non-operating income and expenses apart from the above | -101,921.82 | | Total | 1,559,742.76 | Management Discussion and Analysis This section provides an in-depth review of the company's operations, financial performance, core competencies, and risk management strategies during the reporting period Main Businesses During the Reporting Period The company, a digital security and intelligent service provider, maintained embedded security product business while strategically developing eSIM, quantum encryption, and digital RMB technologies - The company is positioned as a comprehensive solution provider for digital security and intelligent services, adhering to the business philosophy of "customer first, integrity-based" and market strategy of "technology-driven, scenario-enabled"[24] - Strategic initiatives include eSIM product and platform operations, quantum encryption technology application and QKD solution iteration, smart contract technology and digital RMB comprehensive business platform development, Chutianlong industry AI intelligent agent R&D and production, and multi-application AOS operating system development based on open architectures like RISC-V[24] - During the reporting period, operating revenue reached 457.22 million yuan, a year-on-year decrease of 4.83%; net profit attributable to shareholders of the listed company was -39.77 million yuan, primarily due to intensified market competition, product demand fluctuations, and credit impairment losses[24] - The company invested in Shenzhen Jieruilian Technology Co., Ltd. (Hongcha Mobile) to integrate communication sector customer resources, accelerate international communication services, consumer electronics, and IoT business expansion, and achieve diversified revenue structure upgrades[25] Embedded Security Products The company's embedded security products, including smart cards and eSIM, saw significant growth in overseas business and expanded into financial front-end scenario services - Embedded security products, leveraging physical security, identity recognition, privacy protection, communication, and payment functions, are widely applied in communication, finance, social security, and transportation, with eSIM emerging as a key technology for the intelligent IoT era driven by 5G, IoT, and AI[26] - The company actively transitioned its service model from traditional product delivery to "full-chain scenario operation," successfully entering front-end scenario services, optimizing business structure, and extending the value chain, with related projects reaching a scale of hundreds of millions of yuan[28] - In key client expansion, the company achieved leapfrog development in cooperation with large state-owned financial institutions, with order volumes showing explosive growth, where a single client's quarterly order amount exceeded historical levels for the same period, increasing by over 200% year-on-year[28] - Overseas business grew by 67.48% during the reporting period; the company obtained GSMA eSIM eSA certification and developed and applied Chutianlong eSIM LPA application software, eSIM SM-DS management platform, and eSIM SM-DP+ management platform[28] Smart Hardware Driven by large model technology, the company's smart hardware business grew by 64.40% to 45.06 million yuan, launching AI multi-modal intelligent interactive terminals and AI digital human projects - Large model technology is driving a profound transformation in the smart hardware industry, characterized by "new interaction methods," "new service models," "new application paradigms," and "new business scenarios"[29] - The company launched AI multi-modal intelligent interactive terminal devices, integrating government large models, digital humans, digital employees, and intelligent robots to create a vector database-driven intelligent decision-making hub, forming the Chutianlong industry AI intelligent agent[30] - In the first half of 2025, the company's smart hardware business revenue reached 45.06 million yuan, a year-on-year increase of 64.40%, successfully qualifying for card issuance equipment projects with multiple bank headquarters and branches[30] - The company implemented the Hubei government AI digital human "Xiao Xiang," provided a digital human interactive system and AI virtual business hall intelligent customer service solution for Huawei Cloud's participation in MWC2025, built the Hubei Yichang "robot window," launched the social security "intelligent approval digital employee," created the Dandong Human Resources and Social Security "AI consultation digital human," and implemented the Guangxi Human Resources and Social Security digital human "Gui Xiaozhi"[31] Software and Services The company's software and services revenue grew by 40.