Financial Performance - The company's operating revenue in the first half of 2022 was CNY 55.00 million, with a year-on-year increase of 10.5%[10] - The company's operating revenue for the current period is CNY 55,740,291.85, a decrease of 31.34% compared to CNY 81,184,173.97 in the same period last year[27] - The company's operating revenue for the reporting period was 55.74 million yuan, a year-on-year decrease of 31.34%, with a net profit attributable to shareholders of -14.52 million yuan[39] - The company reported a net profit attributable to shareholders of the listed company is a loss of CNY 14,521,895.73, compared to a profit of CNY 827,995.41 in the previous year[27] - The company’s weighted average return on net assets based on net profit attributable to shareholders is -3.83%, down from 0.33% in the previous year[27] - The company’s gross profit margin decreased to 29.35% from 35.80% year-over-year[27] - The company reported a significant reduction in both operating and other business revenues, indicating a need for strategic adjustments[63] - The company reported a net loss of ¥14,813,696.09, compared to a net loss of ¥290,122.27 in the previous year[55] - The company’s total assets at the end of the current period amount to CNY 477,971,343.68, reflecting a decrease of 9.99% from CNY 531,046,097.79 at the end of the previous year[28] - The company’s total liabilities decreased by 23.63% to CNY 105,358,746.73 from CNY 137,953,966.16 year-over-year[28] Cash Flow and Liquidity - The company reported a negative cash flow from operating activities of CNY 22,178,949.32, an improvement from a negative cash flow of CNY 39,947,833.89 in the previous year[29] - The company's cash and cash equivalents decreased by 31.49% to ¥148,947,257.92, primarily due to payments to suppliers and early repayment of short-term bank loans[51] - Cash inflow from operating activities for the first half of 2022 was ¥84,362,196.30, a decrease of 26.2% compared to ¥114,209,914.82 in the same period of 2021[186] - The ending cash and cash equivalents balance for the first half of 2022 was ¥144,636,057.90, up from ¥51,527,269.02 in the same period of 2021[187] - The parent company's net cash flow from operating activities was ¥631,197.22, a significant improvement from a net outflow of ¥38,751,472.64 in the first half of 2021[188] Accounts Receivable and Risk Management - As of June 30, 2022, the accounts receivable (including contract assets) amounted to CNY 201.27 million, indicating potential risks related to bad debts[10] - The company has implemented a receivables management system to improve collection efficiency and reduce bad debt risks[77] - Credit impairment losses increased by ¥5,183,367.38, reflecting higher provisions for bad debts on accounts receivable[57] - Accounts receivable remained stable with a slight decrease of 0.01%, totaling ¥171,512,978.78, accounting for 35.88% of total assets[51] Business Strategy and Market Expansion - The company is focusing on expanding its business outside Hebei, although the ongoing pandemic has impacted these efforts[10] - The company plans to accelerate market expansion in regions such as Beijing, Tianjin, Shandong, Henan, Hainan, Chongqing, and Guizhou, increasing business opportunities and order scale outside its home province[41] - The company is actively responding to uncertainties caused by the pandemic by adopting remote services and online operations[73] - The company is investing in technology development focused on data security, interface integration, and data modeling to improve operational efficiency[73] Corporate Governance and Shareholder Commitments - The company has established a comprehensive governance structure and internal control system to mitigate risks associated with actual controllers[11] - The actual controllers of the company, Mu Zhigang and Yan Mei, collectively hold 59.37% of the voting rights, posing a risk of potential harm to minority shareholders if internal controls are ineffective[79] - The company has ongoing commitments to avoid competition with its controlling shareholders and actual controllers, ensuring compliance with industry regulations[93] - The company is ensuring compliance with commitments made by its controlling shareholders and related parties regarding share management[90] Employee and Talent Management - The company added 50 employees during the reporting period, increasing total staff from 330 to 379[165] - The number of R&D personnel increased from 81 to 86, reflecting a growth of 6.17%[165] - The company plans to enhance employee incentives and work environment to maintain talent stability[167] - The company is focusing on the health and elderly care market, with initial product development completed and plans for further investment in research and development[42] Social Responsibility and Community Support - The company donated CNY 200,000 worth of protective equipment and CNY 100,000 in cash to support COVID-19 prevention efforts in Langfang[4] - The company is committed to corporate social responsibility by providing technical support to over 20 local government units during the pandemic[71] Legal and Compliance - There were no significant lawsuits or arbitration matters reported during the reporting period, indicating a stable legal environment[84] - The company confirms that the public offering prospectus does not contain false records or misleading statements and will bear legal responsibility for its accuracy[131] Shareholder Structure and Equity - The total number of shareholders holding ordinary shares reached 8,631 by the end of the reporting period[140] - The controlling shareholder, Mu Zhigang, holds 42,257,335 shares, representing 42.16% of the total share capital[145] - The total shareholding of the top ten shareholders is 70.59% of the total share capital[143] - The company raised a total of RMB 113,628,000.00 from the public offering, with a net amount of RMB 99,152,710.83 after deducting issuance costs[151]

Financial Performance - The total revenue for 2021 was CNY 280,599,746.48, representing a decrease of 6.85% compared to 2020[35] - The net profit attributable to shareholders for 2021 was CNY 39,866,898.90, down 6.92% from the previous year[35] - The cash flow from operating activities for 2021 was CNY 14,139,469.39, a decline of 49.53% from 2020[37] - The gross profit margin for 2021 was 36.80%, slightly down from 37.30% in 2020[35] - The company achieved operating revenue of 280.60 million yuan, a year-on-year decrease of 6.85%[56] - The net profit for the period was 38.20 million yuan, down 6.57% year-on-year[56] - The company's total revenue for the current period was CNY 280,599,746.48, a decrease of 6.85% compared to CNY 301,220,143.03 in the same period last year[67] - The gross profit margin for the current period was 36.80%, down from 37.30% in the previous year[67] Revenue Sources - The company's smart city business revenue constituted 85.14% of total revenue during the reporting period[20] - Revenue from the company's operations in Hebei Province was 254.35 million yuan, representing 90.64% of total revenue[119] - Total revenue from major customers accounted for 35.90% of total sales, with the largest customer contributing CNY 43,898,271.08[77] Assets and Liabilities - The total assets increased by 17.05% year-over-year, reaching CNY 531,046,097.79 at the end of 2021[34] - The total liabilities decreased by 31.75% to CNY 137,953,966.16 compared to the beginning of the year[34] - The company's asset-liability ratio (consolidated) was 25.98% at the end of 2021, down from 44.55% at the beginning of the year[34] - The company's accounts receivable (including contract assets) amounted to RMB 196.63 million at the end of the reporting period[18] Share Issuance and Capital Structure - The company issued 16.71 million new shares at a price of CNY 6.80 per share, increasing total shares from 50,112,157 to 66,822,157[31] - The total number of ordinary shares increased from 50,112,157 to 66,822,157, representing a growth of 33.3%[185] - The proportion of unrestricted shares rose from 19.00% to 30.70%, while restricted shares decreased from 81.00% to 69.30%[184] - The largest shareholder, Mu Zhigang, holds 28,171,557 shares, accounting for 42.16% of total shares[187] Research and Development - The company applied for 6 invention patents and obtained 20 software copyrights in 2021[6] - R&D expenditure for the period was ¥21,442,059.99, accounting for 7.64% of operating revenue, a decrease from 8.18% in the previous period[91] - The number of R&D personnel increased from 81 to 91, with R&D staff now representing 25.93% of the total workforce[93] Strategic Initiatives - The company aims to actively expand its market beyond Hebei Province to reduce regional concentration risks[18] - The company plans to leverage new technologies to enhance urban management and improve data sharing among government departments[106] - The company is focused on expanding its smart city solutions through its subsidiaries, which are responsible for technology development and market expansion in key regions[86] Compliance and Governance - The company has established a comprehensive governance structure and internal control system to mitigate risks associated with actual controllers[19] - The company has made commitments regarding the payment of "five insurances and one fund" for employees, ensuring full compliance to avoid penalties[139] - The company is committed to ensuring that its board members and senior management personnel adhere to share lock-up commitments, which is currently unfulfilled[131] Market Conditions and Risks - The company acknowledges potential uncertainties from public health events and economic fluctuations that may impact project implementation[117] - The company faces risks related to market competition, particularly in technology, experience, and funding capabilities[119] - The company has identified key audit matters related to revenue recognition and inventory cost transfer, which are critical for accurate financial reporting[96][97] Social Responsibility - The company actively participated in social responsibility initiatives, including donations to veteran and social assistance foundations[102] - The company is committed to providing high-quality services while ensuring compliance with environmental and social responsibilities[102] Future Outlook - The company plans to accelerate the implementation of fundraising projects to enhance competitiveness and profitability following the issuance of new shares[149] - The company aims to strengthen internal management and cost control to improve profitability[149] - The company is focusing on the development of smart city projects as part of its future strategy[199]

Financial Performance - Operating revenue for the first quarter was ¥6,153,925.51, a decline of 40.13% year-on-year due to COVID-19 restrictions[16] - Net profit attributable to shareholders was a loss of ¥7,590,564.79, compared to a loss of ¥8,043,392.73 in the same period last year[15] - The company’s weighted average return on net assets was -1.98% for the reporting period[15] - Total operating revenue for Q1 2022 was CNY 6,153,925.51, a decrease of 40.5% compared to CNY 10,278,070.49 in Q1 2021[39] - Net loss for Q1 2022 was CNY 7,704,069.41, compared to a net loss of CNY 8,510,287.03 in Q1 2021, showing an improvement of 9.5%[40] - Basic and diluted earnings per share for Q1 2022 were both CNY -0.11, compared to CNY -0.16 in Q1 2021[41] Assets and Liabilities - Total assets decreased by 10.00% to ¥477,943,117.24 compared to the end of the previous year[15] - Current assets decreased to ¥382,825,867.66 from ¥433,728,428.08, a decline of approximately 11.7%[31] - Total liabilities decreased to ¥91,430,712.83 from ¥137,953,966.16, a reduction of approximately 33.7%[33] - Current liabilities decreased to ¥79,133,020.01 from ¥126,980,126.24, a decline of about 37.7%[32] - Total liabilities as of the end of the reporting period were CNY 80,185,631.25, a decrease from CNY 119,480,895.46 in the previous period[40] - Total equity amounted to CNY 392,732,505.92, slightly down from CNY 395,910,811.68 in the previous period[40] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥33,505,484.14, slightly improved from a net outflow of ¥35,982,311.37 in the previous year[15] - The net cash flow from operating activities for Q1 2022 was -33,505,484.14 CNY, compared to -35,982,311.37 CNY in Q1 2021, indicating a slight improvement[47] - Total cash inflow from operating activities in Q1 2022 was 20,965,151.76 CNY, down from 61,219,055.89 CNY in Q1 2021, reflecting a decrease of approximately 65.7%[45] - Cash outflow from operating activities in Q1 2022 was 54,470,635.90 CNY, compared to 97,201,367.26 CNY in Q1 2021, showing a reduction of about 44%[45] - The cash flow from financing activities in Q1 2022 resulted in a net outflow of -26,760,006.34 CNY, compared to a net inflow of 187,264.01 CNY in Q1 2021[47] Shareholder Information - The total registered capital of the company is ¥66,822,157[13] - The company has a total of 66,822,157 shares, with 30.70% being unrestricted shares[20] - The largest shareholder, Mu Zhigang, holds 28,171,557 shares, representing 42.16% of total shares[22] - The second-largest shareholder, Yan Mei, holds 10,456,600 shares, accounting for 15.65% of total shares[22] - The total shares held by the top ten shareholders amount to 48,506,079, which is 72.61% of the total shares[23] - The number of ordinary shareholders is 9,368[20] Legal and Compliance - The company has not engaged in any external guarantees or loans during the reporting period[26] - There were no significant legal disputes or arbitration matters reported during the period[26] - The company has fulfilled its commitments regarding previously disclosed matters[26] - The company has not faced any investigations or penalties during the reporting period[26] - The financial report has not been audited for this period[30] Other Financial Metrics - Non-recurring gains and losses amounted to ¥1,052,928.20, primarily from government subsidies[18] - Research and development expenses for Q1 2022 were CNY 4,802,335.52, a slight decrease from CNY 4,922,543.62 in Q1 2021[40] - Financial expenses for Q1 2022 showed a net income of CNY -471,895.97, compared to CNY 114,395.77 in Q1 2021[40] - Other income for Q1 2022 was CNY 1,062,952.84, slightly down from CNY 1,070,067.50 in Q1 2021[40] - The company has not implemented any profit distribution or capital increase from reserves during the reporting period[27] - There are no plans for equity distribution or share repurchase in the current quarter[28]