Financial Performance - The total revenue for the six months ended June 30, 2021, reached RMB 973.7 million, representing a year-on-year growth of 45.2% compared to RMB 670.7 million for the same period in 2020[12]. - Adjusted net profit for the same period was RMB 193.5 million, an increase of 32.7% from RMB 145.8 million in the previous year[12]. - The company's gross profit for the first half of 2021 was RMB 773.7 million, compared to RMB 529.4 million in the same period of 2020[6]. - Operating profit for the first half of 2021 was RMB 126.1 million, slightly down from RMB 132.7 million in the previous year[6]. - Profit for the six months ended June 30, 2021, was approximately RMB 187.5 million, a growth rate of approximately 119.7% compared to RMB 85.3 million for the same period in 2020[59]. - The pre-tax profit for the six months ended June 30, 2021, was RMB 186.9 million, compared to RMB 94.0 million for the same period in 2020[57]. - The net profit before income tax for the period was RMB 186.9 million, significantly higher than RMB 94.0 million in the previous year[175]. - Basic earnings per share increased to RMB 0.09 from RMB 0.05, reflecting a 80% growth year-on-year[121]. Revenue Breakdown - Revenue from SaaS products amounted to RMB 551.8 million, showing a significant growth of 65.5%, accounting for 56.7% of total revenue[10]. - Revenue from ERP solutions reached RMB 421.9 million, with a stable growth of 25.1%, making up 43.3% of total revenue[10]. - The revenue from the cloud customer management product (Yunke) surged by 82.1% to RMB 428.0 million in the first half of 2021[17]. - The revenue from ERP solutions grew by 25.1% to RMB 421.9 million in the first half of 2021[22]. - Revenue from ERP solutions included RMB 150.3 million from value-added services, RMB 140.3 million from software licenses, and RMB 87.5 million from product support services, showing significant growth compared to the previous year[166]. Cost and Expenses - The cost of sales increased by 41.5% from RMB 141.3 million to RMB 200.0 million for the same periods[36]. - The cost of sales for SaaS products increased by 78.6% from RMB 31.9 million in the six months ended June 30, 2020, to RMB 57.0 million in the six months ended June 30, 2021[38]. - The total cost of sales for ERP solutions increased by 30.7% from RMB 109.4 million in the six months ended June 30, 2020, to RMB 143.0 million in the six months ended June 30, 2021[40]. - Sales and marketing expenses rose by 67.7% from RMB 229.7 million in the six months ended June 30, 2020, to RMB 385.3 million in the six months ended June 30, 2021[43]. - Research and development expenses increased by 71.9% from RMB 148.2 million in the six months ended June 30, 2020, to RMB 254.8 million in the six months ended June 30, 2021, with R&D staff increasing by 65.8%[45]. Assets and Liabilities - The total assets as of June 30, 2021, were RMB 7,459.5 million, compared to RMB 7,472.2 million as of December 31, 2020[8]. - The total equity attributable to equity holders was RMB 6,509.6 million, a slight decrease from RMB 6,538.8 million in the previous period[7]. - Total liabilities decreased to RMB 895,436 thousand as of June 30, 2021, from RMB 902,630 thousand as of December 31, 2020, representing a reduction of approximately 0.2%[124]. - Current liabilities remained stable at RMB 846,604 thousand, slightly increasing from RMB 843,354 thousand, reflecting a marginal increase of 0.3%[124]. - The company's contract liabilities rose to RMB 632,707 thousand, up from RMB 548,938 thousand, marking an increase of approximately 15.2%[124]. Strategic Initiatives - The company recognizes the strategic value of digital transformation, leading to increased investments in digital upgrades across the industry[13]. - The company plans to continue investing in new products and technologies, including mobile platforms and data analysis platforms[24]. - The company aims to strengthen cooperation with top 100 real estate companies through the Tianji platform and digital operations[27]. - The company is focused on continuous investment in SaaS business to cover more scenarios and participants in the real estate ecosystem[27]. - The company is committed to building an industry cooperation ecosystem through co-creation, investment, and mergers and acquisitions[27]. Shareholder Information - As of June 30, 2021, the total number of issued shares was 1,927,149,990[6][90]. - HengXinYuan Investment Limited held 296,644,800 shares, representing approximately 15.39% of total shares[4][88]. - The company has a stock incentive plan aimed at rewarding and retaining key personnel, enhancing performance and collaboration[91][92]. - The major shareholders include GHTongRui Investment Limited, HengXinYuan Investment Limited, and LINGFAN Investment Limited, among others[1][88]. - The company did not declare any interim dividends for the six months ended June 30, 2021[74]. Cash Flow and Financing - Cash and cash equivalents as of June 30, 2021, amounted to RMB 2,567.8 million, with no bank financing[66]. - The company maintained a capital debt ratio of zero as of June 30, 2021, due to the absence of long-term borrowings[67]. - The net cash flow from operating activities was RMB 13,826 thousand for the six months ended June 30, 2021, compared to RMB 44,689 thousand in the same period of 2020, a decrease of about 69.0%[128]. - The company reported a foreign exchange gain of RMB 28.5 million, compared to a gain of RMB 1.5 million in the same period last year[173]. Market Environment - The real estate industry in China saw a sales revenue of RMB 9.3 trillion in the first half of 2021, growing by 38.9% year-on-year, indicating a favorable market environment for digital upgrades[13]. - The company plans to enter 100 new cities throughout the year as part of its strategy to penetrate lower-tier markets[27].

Financial Performance - Revenue for the year 2020 reached RMB 1,705.3 million, representing a year-on-year growth of 34.9%[9] - Adjusted EBITDA for 2020 was RMB 422.3 million, an increase of 52.6% compared to the previous year[9] - Adjusted net profit for 2020 amounted to RMB 382.7 million, reflecting a year-on-year growth of 62.2%[9] - Total revenue increased by 34.9% from RMB 1,264.0 million in 2019 to RMB 1,705.3 million in 2020, driven by business expansion and improved reputation among existing and potential customers[42] - The company reported an operating profit of RMB 326.5 million for 2020, up from RMB 244.1 million in 2019[7] - The gross profit for the year ended December 31, 2020, was RMB 1,339.7 million, an increase of 34.7% compared to RMB 994.6 million for the year ended December 31, 2019[56] - The gross profit from SaaS products increased by 63.1% to RMB 758.4 million, while the gross profit from ERP solutions rose by 9.7% to RMB 581.3 million[56] SaaS and ERP Business Growth - SaaS product revenue reached RMB 871.2 million in 2020, a year-on-year increase of 70.9%, accounting for 51.1% of total revenue[9] - The company's SaaS business revenue increased by 70.9% year-on-year to RMB 871.2 million, accounting for 51.1% of total revenue, achieving profitability for the first time[15] - The ERP business maintained a year-on-year growth of 10.6%, reaching RMB 834.1 million despite the adverse effects of the pandemic[15] - The company's ERP solution revenue increased by 10.6% from RMB 754.1 million in 2019 to RMB 834.1 million in 2020, with 89 of the top 100 real estate developers as clients[26] Customer and Market Expansion - The company served approximately 15,200 sales offices in 2020, with a year-on-year growth of over 70%[9] - The number of developers served increased to about 2,000 in 2020, showing a year-on-year growth of 12.4%[9] - The number of cities covered by the company's marketing and service network expanded from 42 to 70 during the reporting period, enhancing localized professional services[15] - The average cooperation amount with the top 100 real estate developers increased significantly from RMB 4.7 million in 2019 to RMB 6 million in 2020, reflecting strong trust in the company's products and services[15] Financial Position and Assets - Total assets as of December 31, 2020, were RMB 7,472.2 million, compared to RMB 1,234.7 million in 2019[8] - Total liabilities were RMB 902.6 million in 2020, down from RMB 963.7 million in 2019[8] - The company's equity attributable to owners was RMB 6,538.8 million in 2020, compared to RMB 266.5 million in 2019[8] - Cash and cash equivalents, along with time deposits, totaled approximately RMB 6,572.1 million as of December 31, 2020, a significant increase from RMB 732.2 million in 2019[80] - The current ratio improved to 8.55 as of December 31, 2020, compared to 1.08 at the end of 2019, indicating a strong liquidity position[81] Operational Efficiency and Cost Management - The cost of sales for SaaS products surged by 151.0% from RMB 44.9 million in 2019 to RMB 112.8 million in 2020, primarily due to increased hardware costs and employee benefits[51] - The total cost of sales for ERP solutions increased by 12.6% to RMB 252.8 million, driven by rising employee and outsourcing costs[53] - Sales and marketing expenses increased by 33.8% to RMB 590.4 million, accounting for 34.6% of total revenue, slightly down from 34.9% in the previous year[57] - General and administrative expenses rose by 91.6% to RMB 207.7 million, with the proportion of total revenue increasing from 8.6% to 12.2%[58] - Research and development expenses increased by 24.3% to RMB 355.9 million, driven by an increase in the number of R&D staff and their compensation levels[59] Strategic Initiatives and Future Plans - The company aims to accelerate the digital upgrade of the real estate ecosystem in 2021, focusing on expanding its SaaS business and enhancing the Tianji Open Platform infrastructure[31] - The company plans to maintain its leading position in ERP solutions among real estate developers through its extensive regional channel partner network[31] - The company plans to enhance existing SaaS products with an investment of HKD 1,243.86 million, representing 18.0% of total net proceeds, to be completed by December 31, 2023[110] - The company aims to develop new SaaS products with an investment of HKD 414.62 million, also 6.0% of total net proceeds, to be finalized by December 31, 2023[110] Governance and Management - The company’s board of directors includes four executive directors and three independent non-executive directors[121] - The board has confirmed that the transactions conducted during the reporting period under the contract arrangements were established according to the relevant terms and were fair and reasonable[154] - The independent non-executive directors have confirmed their independence in accordance with the listing rules[188] - The company has arranged appropriate liability insurance for directors and senior officers to protect against legal actions arising from corporate activities[192] Social Responsibility and Community Engagement - The company has committed to social responsibility and environmental protection, including a donation of RMB 1 million for COVID-19 relief efforts[116] - The company emphasizes the importance of maintaining a strong relationship with stakeholders, including employees and customers, to ensure sustainable development[113]

Financial Performance - Total revenue reached RMB 670.7 million, representing a 37.3% increase compared to RMB 488.3 million in the same period last year[7]. - Net profit amounted to RMB 85.3 million, with adjusted net profit reaching RMB 145.8 million[7]. - Adjusted EBITDA was RMB 170.8 million, reflecting strong operational performance[7]. - Gross profit rose to RMB 529.4 million, up from RMB 377.0 million, indicating a strong growth trajectory[9]. - The company reported a profit of approximately RMB 85.3 million for the six months ended June 30, 2020, an increase of about RMB 24.9 million or 41.3% compared to RMB 60.4 million for the same period in 2019[56]. - Operating profit increased from RMB 62.8 million for the six months ended June 30, 2019, to RMB 132.7 million for the six months ended June 30, 2020[49]. - The company reported a total comprehensive income of RMB 77,112,000 for the period, compared to RMB 60,810,000 in 2019[114]. - The company reported a basic earnings per share for the period was RMB 0.05, compared to RMB 0.04 in the same period last year[114]. Revenue Breakdown - SaaS product revenue grew by 64.9% to RMB 333.4 million, driven by increased market acceptance and demand during the COVID-19 pandemic[8]. - ERP solution revenue increased by 17.9% to RMB 337.3 million, supported by enhanced customer service capabilities[8]. - SaaS product revenue reached RMB 179.5 million, RMB 329.3 million, RMB 509.8 million, and RMB 333.4 million for the years 2017, 2018, 2019, and the first half of 2020, respectively[18]. - The company achieved revenue from ERP solutions of RMB 400.1 million, RMB 583.5 million, RMB 754.1 million, and RMB 337.3 million for the years 2017, 2018, 2019, and the first half of 2020, respectively[16]. Cost and Expenses - Sales and marketing expenses increased by 30.5% from RMB 176.0 million for the six months ended June 30, 2019, to RMB 229.7 million for the six months ended June 30, 2020, primarily due to increased commission expenses from SaaS product revenue and higher employee benefits for the sales team[39]. - General and administrative expenses rose from RMB 44.6 million for the six months ended June 30, 2019, to RMB 73.6 million for the six months ended June 30, 2020, mainly due to increased listing expenses and share-based compensation[41]. - Research and development expenses increased from RMB 129.9 million for the six months ended June 30, 2019, to RMB 148.2 million for the six months ended June 30, 2020, attributed to a rise in the number of R&D staff and their compensation levels[42]. Market Position and Strategy - The company holds an 18.5% market share as the leading software solution provider for real estate developers in China, according to Frost & Sullivan data[12]. - The strong performance is attributed to ongoing business expansion and improved reputation among existing and potential clients[7]. - The company aims to expand its SaaS business and enhance product and technology innovation to diversify its customer base among regional real estate developers[23]. - The company is focused on integrating industry resources to deepen partnerships with leading real estate developers[23]. User and Customer Metrics - The company reported a significant increase in user data, with a total of 1 million active users, representing a growth of 25% year-over-year[74]. - The management highlighted a 30% increase in customer retention rates, attributed to improved service offerings[74]. Cash and Liquidity - As of June 30, 2020, the company had cash and cash equivalents of RMB 269.9 million, with no bank financing[64]. - The company reported a net cash position as of June 30, 2020, reflecting a strong capital management strategy aimed at sustainable growth[133]. - Cash and cash equivalents decreased significantly to RMB 269,946 thousand from RMB 732,207 thousand, a decline of 63.1%[115]. Corporate Governance and Compliance - The audit committee, composed of three independent non-executive directors, reviewed the accounting principles and policies adopted by the company[87]. - The company confirmed compliance with the corporate governance code from the listing date to the report date[82]. - The independent auditor conducted a review of the interim financial information in accordance with International Standard on Review Engagements[87]. Future Outlook - The management team provided a positive outlook for the next quarter, projecting a revenue increase of 15% to 20% based on current market trends[75]. - The company plans to continue expanding its SaaS and ERP solutions to enhance market presence and customer engagement[27]. - The company is focusing on new product development, with plans to launch three innovative software solutions by the end of Q3 2020[76]. Shareholder Information - Mr. Gao holds 395,523,600 shares, representing 21.14% of the total shares[90]. - Mr. Chen holds 296,644,800 shares, representing 15.86% of the total shares[90]. - Mr. Jiang holds 186,826,600 shares, representing 9.99% of the total shares[90]. - TMF (Cayman) Ltd. is the trustee for four trusts, holding a total of 927,316,000 shares, which is 49.56% of the total shares[96]. Investment and Acquisitions - The company has completed two strategic acquisitions in the past year, enhancing its technological capabilities and market reach[76]. - The company reported a total acquisition of RMB 1,561,830,000 and a total sale of RMB (1,087,427,000) during the reporting period[142].