ColorfulClouds Technology Co., Ltd.
Response to the Audit Inquiry Letter Regarding the Application Documents for the Issuance of Convertible Corporate Bonds to Unspecified Targets
Securities Abbreviation: ColorfulClouds
Securities Code: 300634
Sponsor (Lead Underwriter): Guotai Haitong Securities Co., Ltd.
Address: No. 618 Shangcheng Road, China (Shanghai) Pilot Free Trade Zone
Date: July 2026
Shenzhen Stock Exchange:
We have received your letter, "Audit Inquiry Letter Regarding the Application Documents for the Issuance of Convertible Corporate Bonds to Unspecified Targets by ColorfulClouds Technology Co., Ltd." (Audit Letter [2026] No. 020045) (hereinafter referred to as the "Inquiry Letter"), issued on May 19, 2026.
ColorfulClouds Technology Co., Ltd. (hereinafter referred to as "ColorfulClouds," the "Company," or the "Issuer"), in conjunction with Guotai Haitong Securities Co., Ltd. (hereinafter referred to as the "Sponsor" or "Guotai Haitong"), Lixin Certified Public Accountants (Special General Partnership) (hereinafter referred to as the "Accountant" or "Issuer's Accountant"), and Beijing King & Wood Mallesons (hereinafter referred to as the "Issuer's Lawyer"), has diligently discussed, verified, and implemented the items raised in the Inquiry Letter in accordance with the principles of diligence, honesty, and trustworthiness, and has provided responses item by item. The specific response content is attached.
Unless otherwise specified, the definitions or abbreviations used in this response have the same meanings as those in the "Prospectus for the Issuance of Convertible Corporate Bonds to Unspecified Targets by ColorfulClouds Technology Co., Ltd. (Revised Draft)" (hereinafter referred to as the "Prospectus").
The font styles in this feedback response represent the following meanings:
| Font Style | Meaning |
|---|---|
| Bold | Questions listed in the Audit Inquiry Letter |
| Songti | Responses to the questions listed in the Audit Inquiry Letter |
| Bold Italics | Modifications to the application documents, including this response and the Prospectus |
In this response, if the sum of the individual items differs from the total due to rounding, it is caused by rounding.
Table of Contents
Question 1: 4
Question 2: 86
Other Issues: 146
Question 1
I. According to the application materials, during the reporting period, the Company's operating income was 1,496.4077 million yuan, 1,652.1708 million yuan, and 1,829.9721 million yuan, respectively; net profit was 321.0541 million yuan, 213.8298 million yuan, and 284.6110 million yuan, respectively; and net profit after deducting non-recurring gains and losses attributable to shareholders of the listed company was 186.8576 million yuan, 218.2705 million yuan, and 249.6941 million yuan, respectively. During the reporting period, the Company's operating income continued to rise, while net profit fluctuated, with a significant decline in 2024. According to the "2026 First Quarter Report" recently disclosed by the Company, operating income in the first quarter of 2026 decreased by 32.11% year-on-year, and net profit attributable to the parent company decreased by 65.56% year-on-year.
During the reporting period, the Company's comprehensive gross profit margin was 38.66%, 39.15%, and 35.16%, respectively, which is higher than the average level of comparable companies in the same industry.
During the reporting period, the sales income from the top five customers accounted for 78.88%, 79.69%, and 79.11% of operating income, respectively. Among them, sales to the largest customer accounted for more than 50% of operating income, indicating a high customer concentration.