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IV. Capital Operation and Future DevelopmentAt the beginning of 2022, China Great Wall completed a fixed increase of nearly 4 billion yuan to raise funds for domestic high-performance computer and server core technology research and development and capacity improvement projects, information and new energy infrastructure construction projects, high-tech electronic innovation and application projects, etc., with the aim of strengthening the layout of the network information industry, enhancing the core technology research and development capabilities and meeting the market demand for domestic high-performance computers and servers. Although Great Wall Information terminated the spin-off and listing, the company indicated that the follow-up capital operation arrangement needed further analysis and demonstration, which showed China Great Wall's flexible strategy in capital operation and thoughtful consideration for future development.tag

In the future, China Great Wall will rely on its strong R&D strength, market expansion ability and brand influence to continuously promote the in-depth development of the innovation industry, provide solid support for the digital transformation of all walks of life, and help China's innovation industry to a higher level.China Great Wall brand has a long history. As the pioneer and leader of China's independent computer industry, Great Wall brand has a wide range of industry cognition and group impression. In the past year, the company has continuously expanded the market influence and reputation of the Great Wall brand by holding several influential market activities, and the brand connotation and brand value have been steadily improved.After a year of practical application and continuous optimization, Oriental Fortune has released the next generation of intelligent financial terminal-"Fantasy Investment Research Assistant". This new terminal focuses on solving the bottleneck problems in the investment and research process, aiming at greatly improving the efficiency and quality of investment and research. Relying on the powerful large-scale model base ability, the "Miao Xiang Investment Research Assistant" performs well in reasoning reinforcement and multi-source analysis, can think deeply like an analyst, and has business understanding, reasoning ability and self-reflection ability.

China Great Wall has newly established an international market leading group and a financial market leading group, exploring the organization mode of cross-enterprise market development, strengthening cooperation and coordination with partners, and keeping a close eye on the target to grab the market. The terminal products of the industry have maintained their advantages in STM, business card printing, intelligent teller machines, ITM and other projects, and won the bid for several demonstration projects, becoming the only pilot supplier of China Industrial and Commercial Bank. Great Wall Power Supply, a key component product, has achieved mass production in five key R&D projects, including DIYATX750-1200 full-module gold medal power supply and high-end customized communication power supply. The printing business established a sales system and an industry distribution system, and settled in four major e-commerce platforms in JD.COM, Tmall, Pinduoduo and Tik Tok, achieving breakthroughs in finance, central enterprises and systems and equipment industries. In terms of international business, we will accelerate the establishment of overseas offices in North America, the European Union, Africa, Southeast Asia and other regions.In the future, China Great Wall will rely on its strong R&D strength, market expansion ability and brand influence to continuously promote the in-depth development of the innovation industry, provide solid support for the digital transformation of all walks of life, and help China's innovation industry to a higher level.China Great Wall continued to increase investment in R&D. In 2022, the R&D expenditure reached 1.322 billion yuan, up 6.01% year-on-year, and its technology R&D capability continued to increase. The company benchmarks the first-class enterprises in the industry, deeply finds the shortcomings of analysis ability, clarifies the direction of ability improvement, strengthens the capacity building of independent hardware, software, testing and data technology in the field of computing industry, and further consolidates the technical foundation. In the field of system equipment, mastering a number of key technologies can help improve the quality and efficiency of array production, break through technical difficulties, and the capacity index is better than the industry level. In addition, China Great Wall has successfully built a research and development team composed of top talents in the industry, continuously strengthened key core technology research and improved the research and development capability of high-end computing products.