1-1-1 Statement
The company and all directors, members of the audit committee, and senior management commit that the content of this prospectus is true, accurate, and complete, with no false records, misleading statements, or significant omissions. They will fulfill their commitments in accordance with the principle of good faith and bear corresponding legal responsibilities. The person in charge of the company, the person in charge of accounting work, and the head of the accounting institution (accounting personnel) guarantee that the financial accounting data in this prospectus is true and complete. The China Securities Regulatory Commission and the Shenzhen Stock Exchange do not guarantee the authenticity, accuracy, or completeness of the application documents and disclosed information, nor do they make substantive judgments or guarantees regarding the issuer's profitability, investment value, or investor returns. Any contrary statements are false and misleading. According to the Securities Law, after the securities are legally issued, the issuer is responsible for changes in operations and earnings. Investors should independently assess the issuer's investment value, make their own investment decisions, and bear the investment risks arising from changes in the issuer's operations and earnings or fluctuations in securities prices after the legal issuance of securities.
1-1-2 Major Matters Reminder
The company particularly reminds investors to carefully read the main content of this prospectus before making investment decisions and pay special attention to the following important matters.
1. Special Risk Reminders
The risk factors related to this issuance are detailed in Section 6 of this prospectus, "Risk Factors Related to This Issuance." Investors should particularly note the following risks:
- Operational Performance Fluctuation Risk: From 2022 to 2024, the company's operating revenue maintained growth, amounting to 188,202,341 RMB, 196,503,292 RMB, and 233,430,930 RMB, respectively. The net profit attributable to the parent company, excluding non-recurring gains and losses, showed a trend of "first decline then rise," with figures of 4,178,188 RMB, 1,180,617 RMB, and 1,881,373 RMB for each period, indicating certain volatility in overall operational performance, mainly affected by multiple internal and external factors such as changes in the macro environment, intensified market competition, and increased R&D investment. The cumulative operational performance for January to September 2025 showed a loss, primarily due to the core businesses of smart education and smart cities being mainly directed at government and large enterprises, with project planning and verification concentrated in the first half of the year and acceptance concentrated in the second half, typically resulting in a higher revenue proportion in the fourth quarter, indicating significant seasonal characteristics. At the same time, the company continues to increase investment in independent R&D and market expansion, with fixed costs evenly distributed throughout the year, making it difficult for current gross profits to cover period expenses, resulting in temporary losses. If adverse factors arise in the future macroeconomic environment, geopolitical situation, or industry market changes, it will negatively impact the company's overall revenue and profitability levels.
- Accounts Receivable Bad Debt Risk: As of the end of September 2025, the company's net accounts receivable amounted to 1,591,330,120 RMB, accounting for 63.87% and 36.76% of current assets and total assets, respectively. The aging and bad debt provision of accounts receivable are as follows: