Financial Performance - The company's revenue for the year 2021 reached RMB 534.7 million, a slight decrease of approximately RMB 1.5 million compared to 2020[14]. - The net loss attributable to the parent company was approximately RMB 40.0 million for the year[14]. - The group's revenue for the year ended December 31, 2021, was approximately RMB 534.7 million, a slight decrease of about RMB 1.5 million compared to 2020[20]. - The loss attributable to shareholders was approximately RMB 40.0 million, an increase of about RMB 9.3 million or 30.3% compared to 2020[20]. - The group's operating revenue for the year was RMB 534.7 million, with a pre-tax loss of RMB 39.2 million and a net loss attributable to shareholders of RMB 40.0 million[61]. - Total comprehensive loss for the year amounted to RMB 40,327 thousand, up from RMB 18,445 thousand in 2020, reflecting a significant increase of 118.5%[199]. - Basic and diluted loss per share was RMB 1.22, compared to RMB 0.93 in the prior year, indicating a worsening in per-share performance[199]. Strategic Focus and Innovation - The company aims to leverage core technologies such as big data, blockchain, artificial intelligence, and the Internet of Things to empower various industries[10]. - The company emphasizes continuous innovation and research and development as a core strategy for future growth[11]. - The company plans to continue driving business innovation and transformation, leveraging new technologies such as AI and blockchain in the 5G era[41]. - The company aims to explore more applications of the internet across various fields, supported by research capabilities from Nanjing University[41]. - The company continued to invest in technology research and development, receiving recognition as a "2021 Nanjing Engineering Technology Research Center" and obtaining various certifications[32]. Shareholder Value and Dividends - The board of directors has recommended not to declare a final dividend for the year ended December 31, 2021[14]. - The group has no distributable reserves to shareholders as of December 31, 2021[57]. - The company did not recommend the distribution of a final dividend for the year[48]. - The company is committed to creating greater value for shareholders, enterprises, and society through its missions[15]. Financial Position and Assets - As of December 31, 2021, the group's current assets were approximately RMB 791.2 million, with cash and cash equivalents of about RMB 143.9 million[21]. - The group's net asset value was approximately RMB 212.1 million, a decrease of RMB 39.8 million or about 15.8% compared to 2020[21]. - The total assets of the group as of December 31, 2021, amounted to RMB 1,213.0 million, with total liabilities of RMB 1,000.9 million, resulting in a debt-to-asset ratio of 24.5%[61]. - The fair value of the group's investment properties is recorded at RMB 276,409,000, accounting for approximately 22.79% of the total assets as of December 31, 2021[180]. - A loss of RMB 5,354,000 was recognized in the consolidated income statement for the fair value change of investment properties during the year[180]. Governance and Compliance - The board of directors consists of nine members, including two executive directors, four non-executive directors, and three independent non-executive directors[103]. - The company has adopted a code of conduct for securities trading by directors and supervisors, ensuring compliance with GEM listing rules[101]. - The board is committed to maintaining effective risk management and internal control systems to protect shareholder interests and group assets[114]. - The company has established compliance procedures to ensure adherence to applicable laws and regulations[62]. - The supervisory board has reviewed the financial statements audited by the accounting firm and confirmed that they accurately reflect the company's operational performance and asset status[153]. Employee Compensation and Expenses - The total employee compensation for the year was approximately RMB 37.0 million, an increase from RMB 34.2 million in 2020[28]. - Administrative expenses increased to RMB 29,228 thousand from RMB 27,254 thousand, reflecting a rise of 7.2% year-over-year[199]. - Research and development expenses rose to RMB 22,989 thousand, an increase of 25.5% from RMB 18,287 thousand in 2020, highlighting a focus on innovation[199]. Audit and Financial Reporting - The company is responsible for preparing consolidated financial statements that reflect a true and fair view in accordance with Hong Kong Financial Reporting Standards[187]. - The auditor's report does not cover other information included in the annual report, which is the responsibility of the company's directors[186]. - The independent auditor's report was issued on May 24, 2022, by the accounting firm KPMG[197]. - The total remuneration payable to the company's auditor for audit services amounted to RMB 580,000[149].

Financial Performance - For the three months ended March 31, 2022, the revenue was approximately RMB 143,368,000, an increase of about RMB 21,989,000 or approximately 18.1% compared to the same period in 2021[6] - The net loss attributable to the owners of the company for the same period was approximately RMB 10,200,000, an increase in loss of about RMB 7,208,000 or approximately 240.9% compared to the same period in 2021[6] - The gross profit for the three months ended March 31, 2022, was RMB 12,911,000, compared to RMB 17,151,000 in the same period of 2021[7] - The total revenue from customer contracts for the three months ended March 31, 2022, was RMB 139,484,000, compared to RMB 117,986,000 in the same period of 2021[14] - The company reported a basic and diluted loss per share of RMB 0.31 for the three months ended March 31, 2022, compared to RMB 0.09 in the same period of 2021[7] - The company’s total comprehensive loss for the three months ended March 31, 2022, was RMB 10,091,000, compared to RMB 960,000 in the same period of 2021[8] - Sales costs increased by approximately 25.2% compared to the same period last year, while selling and distribution expenses rose by approximately 99.5%[22] Revenue Breakdown - Revenue from computer hardware and software sales was RMB 4,439,000, while revenue from system integration services was RMB 134,120,000 for the three months ended March 31, 2022[14] - Other income for the three months ended March 31, 2022, was RMB 272,000, compared to RMB 665,000 in the same period of 2021[7] Dividend and Shareholder Information - The company did not recommend the payment of an interim dividend for the three months ended March 31, 2022[5] - The company did not recommend the payment of dividends for the period ended March 31, 2022, consistent with the previous year[21] - As of March 31, 2022, the company has issued a total of 3,288,000,000 shares, comprising 2,782,800,000 domestic shares and 505,200,000 H shares[32] - Jiangsu Kenen Electric Technology Co., Ltd. holds 808,800,000 domestic shares, representing 29.06% of the domestic shares and 24.60% of the total shares[35] - Anhui Jiuxi Industrial Investment Co., Ltd. owns 593,592,975 domestic shares, accounting for 18.05% of the domestic shares and 21.33% of the total shares[35] Taxation - The tax expense for the quarter included RMB 90,000 for Chinese income tax, a decrease from RMB 306,000 in the previous year[19] - The company’s effective tax rate for its subsidiaries in China is 25%, while certain subsidiaries benefit from a reduced rate of 15% due to their high-tech enterprise status[18] Corporate Governance - The company has maintained compliance with the GEM Listing Rules and has adopted corporate governance practices to ensure transparency and effective risk management[41] - The Audit Committee, consisting of three independent non-executive directors, reviewed and approved the financial reports for the first quarter ending March 31, 2022[42] - The company aims to achieve the highest governance standards to deliver long-term value and maximum returns to shareholders[41] Strategic Plans and Market Position - The company plans to implement a capital restructuring and additional H-share placement to attract strategic investors, with details disclosed on April 14, 2022[28] - The company aims to leverage its research talent to provide more professional solutions across various industries in the Internet+ sector, adapting its business strategy to the evolving market environment[30] - The platform operated by the company's associate, Nanjing Zhonggao Intellectual Property Co., Ltd., had a cumulative registered user base of over 26,000, enhancing its influence[27] Competition and Market Activity - The company has no interests in any business that competes or may compete with its operations[38] - No directors or their close associates held any interests in competing businesses[38] - No purchases, sales, or redemptions of the company's listed securities occurred during the three months ending March 31, 2022[43] - The company has not disclosed any new product developments or market expansion strategies in the provided documents[34]

Financial Performance - For the nine months ended September 30, 2021, the revenue was approximately RMB 371,008,000, representing a growth of about 3.7% compared to the same period in 2020[5]. - For the three months ended September 30, 2021, the revenue was approximately RMB 109,602,000, reflecting an increase of about 1.3% compared to the same period in 2020[6]. - The net loss attributable to owners for the nine months ended September 30, 2021, was approximately RMB 9,037,000, an increase in loss of about 19.8% compared to the same period in 2020[6]. - The net loss attributable to owners for the three months ended September 30, 2021, was approximately RMB 1,656,000, a decrease in loss of about 37.2% compared to the same period in 2020[6]. - The gross profit for the nine months ended September 30, 2021, was approximately RMB 51,007,000, compared to RMB 42,492,000 for the same period in 2020[7]. - The total comprehensive loss for the nine months ended September 30, 2021, was approximately RMB 2,692,000, compared to a loss of RMB 1,312,000 for the same period in 2020[9]. - The basic and diluted loss per share for the nine months ended September 30, 2021, was RMB 0.27, compared to RMB 0.23 for the same period in 2020[9]. - Total revenue for the three months ended September 30, 2021, was RMB 109,602,000, a slight increase from RMB 108,150,000 in the same period of 2020, representing a growth of 1.34%[20]. - The company reported a net loss attributable to ordinary equity holders of RMB 1,656,000 for the three months ended September 30, 2021, an improvement from a loss of RMB 2,638,000 in the same period of 2020[27]. - The total financing costs for the nine months ended September 30, 2021, were RMB 6,304,000, down from RMB 7,523,000 in the same period of 2020, representing a decrease of 16.2%[19]. Revenue Sources - Revenue from system integration services reached RMB 103,462,000 for the three months ended September 30, 2021, compared to RMB 90,544,000 in the same period of 2020, marking an increase of 14.5%[20]. - Revenue from computer hardware and software products was RMB 2,074,000 for the three months ended September 30, 2021, significantly lower than RMB 12,956,000 in the same period of 2020, indicating a decline of 83.98%[20]. - Total income from customer contracts for the nine months ended September 30, 2021, was RMB 360,804,000, compared to RMB 346,663,000 in the same period of 2020, showing an increase of 4.1%[20]. Dividends and Shareholder Information - The company did not recommend the payment of dividends for the nine months ended September 30, 2021[5]. - The company did not declare any dividends for the current period, consistent with the previous year[29]. - As of September 30, 2021, Jiangsu Kenen Power Technology Co., Ltd. held 29.06% of the company's domestic shares, while Fuki Investment Co., Ltd. and Jatar (Nanjing) Energy Co., Ltd. held 8.62% and 7.55% respectively[39]. Compliance and Governance - The company has maintained compliance with securities trading standards as per the GEM listing rules, with all directors and supervisors adhering to the established code of conduct[44]. - The company adheres to the GEM Listing Rules Appendix 15 Corporate Governance Code, ensuring higher transparency and effective risk control[45]. - The Audit Committee, consisting of three independent non-executive directors, reviewed and approved the financial reports for the nine months ending September 30, 2021[47]. - No purchase, sale, or redemption of the company's listed securities occurred during the nine months ending September 30, 2021[48]. Strategic Focus and Innovation - The company continues to focus on "Internet+" as its core business, aligning with the trends of digital economy development to ensure stable project implementation[31]. - The company is committed to technological innovation and has obtained a certification for its intellectual property management system during the reporting period[33]. - The company aims to leverage the research and technological achievements of Nanjing University to drive innovation in smart transportation, intellectual property trading platforms, and remote education[36]. - The company is actively expanding its business lines and product offerings through collaborations with various universities and local government departments[34]. - The company expects to recognize the total transaction price from existing system integration contracts, estimated to be completed within the next five years, as anticipated revenue in the future[16]. Project Contracts and User Engagement - The company’s subsidiary Jiangsu Changtian Zhiyuan Transportation Technology Co., Ltd. won major project contracts totaling RMB 30 million during the quarter[33]. - The registered users on the university intellectual property trading platform exceeded 25,000, with an average of over 200 patents managed monthly and over 400 patent fee payment cases during the third quarter[34].

Financial Performance - The revenue for the six months ended June 30, 2021, was approximately RMB 261,406,000, representing a growth of about 4.7% compared to the same period in 2020[5]. - The net loss attributable to the owners of the company for the six months ended June 30, 2021, was approximately RMB 7,381,000, an increase in loss of about 50.5% compared to the same period in 2020[5]. - For the three months ended June 30, 2021, the revenue was approximately RMB 140,027,000, reflecting a growth of about 19.6% compared to the same period in 2020[6]. - The gross profit for the six months ended June 30, 2021, was approximately RMB 32,225,000, compared to RMB 28,533,000 for the same period in 2020[8]. - The company reported a total comprehensive loss of RMB 4,158,000 for the six months ended June 30, 2021, compared to RMB 202,000 for the same period in 2020[10]. - Total revenue for the six months ended June 30, 2021, was RMB 261,406 thousand, an increase of 4.3% compared to RMB 249,787 thousand for the same period in 2020[36]. - Revenue from system integration services for the six months ended June 30, 2021, was RMB 249,290 thousand, up 11.4% from RMB 223,913 thousand in the same period of 2020[36]. - Revenue from computer hardware and software products decreased to RMB 3,839 thousand for the six months ended June 30, 2021, down 79.1% from RMB 18,309 thousand in the same period of 2020[36]. - The company reported a total cost of goods sold of RMB 229,181,000 for the six months ended June 30, 2021, compared to RMB 221,254,000 for the same period in 2020, indicating an increase of approximately 3.9%[40]. Assets and Liabilities - The total assets as of June 30, 2021, amounted to RMB 1,201,052,000, an increase from RMB 1,182,266,000 as of December 31, 2020[12]. - The total liabilities as of June 30, 2021, were RMB 628,671,000, compared to RMB 593,447,000 as of December 31, 2020[12]. - The cash and cash equivalents as of June 30, 2021, were approximately RMB 121,032,000, compared to RMB 181,231,000 as of December 31, 2020[12]. - Trade receivables as of June 30, 2021, amounted to RMB 138,133,000, a decrease from RMB 148,439,000 as of December 31, 2020, indicating a decline of about 6.5%[52]. - The total trade payables as of June 30, 2021, were RMB 181,302,000, a decrease from RMB 196,544,000 as of December 31, 2020, representing a decline of about 7.7%[57]. - The group's current liabilities as of June 30, 2021, were approximately RMB 628,671,000, primarily consisting of trade payables, contract liabilities, accrued expenses, and other payables[65]. - The company reported a net asset value of RMB 247,775 thousand as of June 30, 2021, compared to RMB 251,933 thousand as of December 31, 2020[14]. - The group's debt-to-asset ratio was approximately 23.2% as of June 30, 2021[65]. Cash Flow - Operating cash flow for the six months ended June 30, 2021, was RMB (57,612) thousand, an improvement from RMB (79,470) thousand in the same period of 2020[16]. - Net cash and cash equivalents decreased by RMB 60,199 thousand for the six months ended June 30, 2021, compared to a decrease of RMB 83,215 thousand in the same period of 2020[16]. - The company’s cash and cash equivalents at the end of the period were RMB 121,032 thousand, significantly up from RMB 49,396 thousand at the end of the same period in 2020[16]. Shareholder Information - As of June 30, 2021, the company has issued a total of 2,782,800,000 domestic shares and 505,200,000 H shares, amounting to a total of 3,288,000,000 shares[89]. - The largest shareholder, Jiangsu Kenen Power Technology Co., Ltd., holds 808,800,000 domestic shares, representing 29.06% of the domestic shares and 24.60% of the total shares[87]. - Anhui Jiuxi Industrial Investment Co., Ltd. owns 577,592,975 domestic shares, accounting for 20.76% of the domestic shares and 17.57% of the total shares[87]. - The group's net asset value per share was approximately RMB 0.052 as of June 30, 2021[65]. - The company has not purchased, sold, or redeemed any of its listed securities during the six months ending June 30, 2021[95]. Corporate Governance - The audit committee, consisting of three independent non-executive directors, reviewed and approved the interim results for the six months ending June 30, 2021[94]. - The company has adopted a code of conduct for securities trading by directors and supervisors, ensuring compliance with the GEM Listing Rules[91]. - The company has maintained compliance with the corporate governance code, except for a deviation from A.2.1[93]. - No directors or controlling shareholders hold any interests in businesses that compete or may compete with the company's operations[90]. - The company aims to enhance long-term value for shareholders and stakeholders through high governance standards and social responsibility[93]. Future Plans - The company plans to continue expanding its system integration services and exploring new market opportunities in the coming periods[19]. - The company plans to continue expanding in the fields of smart transportation, remote education, and intellectual property trading in the second half of the year, leveraging research and technology from Nanjing University[78].

Financial Performance - The revenue for the three months ended March 31, 2021, was approximately RMB 121,379,000, a decrease of about RMB 11,359,000 or approximately 8.6% compared to the same period in 2020[6]. - The net loss attributable to the owners of the company for the three months ended March 31, 2021, was approximately RMB 2,992,000, an increase in loss of about RMB 612,000 or approximately 25.7% compared to the same period in 2020[6]. - The gross profit for the three months ended March 31, 2021, was RMB 17,151,000, compared to RMB 14,582,000 for the same period in 2020[7]. - The total income from customer contracts for the three months ended March 31, 2021, was RMB 117,986,000, down from RMB 129,530,000 in the same period in 2020[16]. - The company reported a basic and diluted loss per share of RMB 0.09 for the three months ended March 31, 2021, compared to RMB 0.07 for the same period in 2020[7]. - The financing costs for the three months ended March 31, 2021, were RMB 2,100,000, compared to RMB 2,756,000 for the same period in 2020[16]. - The company's consolidated revenue for the three months ended March 31, 2021, was approximately RMB 121,379,000, a decrease of about RMB 11,359,000 or approximately 8.6% compared to the same period last year[27]. - The loss attributable to ordinary equity holders for the three months ended March 31, 2021, was approximately RMB 2,992,000, an increase in loss of RMB 612,000 or approximately 25.7% compared to the same period last year[22]. Administrative and Operational Expenses - The company’s administrative expenses for the three months ended March 31, 2021, were RMB 13,702,000, compared to RMB 11,236,000 for the same period in 2020[7]. - Administrative expenses increased by approximately 21.9% compared to the same period last year, primarily due to higher salary and consulting fees[27]. - The company’s administrative expenses for the first quarter increased due to the recognition of income from project settlements, which decreased by RMB 11,737,000 compared to the same period last year[27]. Business Operations - The company’s main business includes the sale of computer hardware and software products, providing system integration services, and property investment[10]. - The company experienced a decrease in sales from computer hardware and software products, generating RMB 1,950,000 in revenue for the three months ended March 31, 2021, compared to RMB 444,000 in the same period in 2020[16]. - The company is focusing on expanding its business in the fields of knowledge property transactions, smart education, and smart transportation, leveraging its research advantages from Nanjing University[33]. - The company’s knowledge property transaction platform served 1,200 enterprises and achieved over 21,000 user registrations during the first quarter[32]. - The company is promoting the construction and operation of the Changzhou Science and Education City Technology Achievement Transfer and Transformation Center, which is currently progressing steadily[32]. - The company’s subsidiary, Jiangsu Changtian Zhiyuan Transportation Technology Co., Ltd., has maintained good business momentum and is actively expanding its transportation business outside the province[29]. Shareholder Information - As of March 31, 2021, the company has issued a total of 3,288,000,000 shares, comprising 2,782,800,000 domestic shares and 505,200,000 H shares[39]. - Mr. Zhu Yongning holds 820,783,735 shares, representing 29.49% of the company's total equity[34]. - Jiangsu Kenen Electric Technology Co., Ltd. holds 808,800,000 domestic shares, accounting for 29.06% of the domestic shares[38]. - Anhui Jiuxi Industrial Investment Co., Ltd. owns 577,592,975 domestic shares, which is 20.76% of the domestic shares[38]. Governance and Compliance - The company did not recommend the payment of dividends for the three months ended March 31, 2021[5]. - The company did not recommend the payment of dividends for the three months ended March 31, 2021, consistent with the previous year[26]. - The company has adopted a code of conduct for securities trading by directors and supervisors, ensuring compliance with GEM Listing Rules[41]. - The audit committee, consisting of three independent non-executive directors, reviewed and approved the first-quarter results for the period ending March 31, 2021[43]. - The company aims to achieve the highest governance standards to enhance long-term value for shareholders[42]. - No directors or their close associates hold any interests in businesses that compete or may compete with the company's operations[40]. - The company has no other disclosures regarding interests or positions held by directors, supervisors, or senior management in the company's shares or related securities[39].

Financial Performance - The company reported a revenue of approximately RMB 536,185,000 for the fiscal year 2020, an increase of about RMB 148,809,000 compared to 2019[30]. - The net loss attributable to the parent company was approximately RMB 30,681,000 for the fiscal year 2020[30]. - The gross profit margin decreased from 13.8% in 2019 to 6.6% in 2020, primarily due to inventory write-downs[36]. - The net loss attributable to shareholders for the year was approximately RMB 30,681,000, a decrease of about RMB 72,399,000 or 70.2% compared to 2019[36]. - The total operating revenue for the year was RMB 536,185,000, with a pre-tax loss of RMB 9,571,000 and a net loss attributable to shareholders of RMB 30,681,000[77]. - The return on total assets was -2.6%, and the return on equity was -17.1% for the fiscal year[77]. Business Growth and Development - In the smart transportation sector, the company achieved a year-on-year sales growth of 38.4% despite the impact of the COVID-19 pandemic[26]. - Jiangsu Changtian Zhiyuan Transportation Technology Co., Ltd. achieved sales of approximately RMB 503,715,000, representing a growth of about 47.8% year-on-year[54]. - The company is focusing on digital transformation solutions across various industries, including transportation, intellectual property, education, and healthcare[26]. - The company aims to leverage big data, blockchain, artificial intelligence, and IoT technologies to empower various industries[26]. - The company is actively seeking suitable candidates with relevant industry experience to ensure a balanced distribution of power and authority within the board[133]. Strategic Initiatives - The company is developing a quality control management platform for end-stage renal disease and an orthopedic nursing platform in the smart healthcare sector[29]. - The company has made significant progress in the smart education sector by integrating its cloud platform with intellectual property projects in local universities[29]. - The company plans to restart its H-share issuance process to attract strategic investors as the pandemic situation evolves[58]. - The company sees new market opportunities arising from the ongoing pandemic and aims to adapt its development strategy accordingly[59]. - The company is exploring potential acquisitions to enhance its product offerings and market reach[187]. Corporate Governance - The board consists of nine members, including two executive directors, four non-executive directors, and three independent non-executive directors[127]. - The company has adopted corporate governance practices in line with international standards and GEM listing rules[124]. - The board has established three committees: audit committee, nomination committee, and remuneration committee, to assist in fulfilling its responsibilities[142]. - The company emphasizes the importance of a robust risk management and internal control system to protect shareholder interests and ensure compliance with relevant laws and regulations[170]. - The company has established an investment risk control department with internal audit functions to review the effectiveness of risk management and internal control systems annually[170]. Shareholder Information - As of December 31, 2020, the company had issued a total of 3,288,000,000 shares, comprising 2,782,800,000 domestic shares and 505,200,000 H shares[107]. - The public holding of H shares was approximately 15.36% as of December 31, 2020, which is below the GEM listing rule minimum of 25%[118]. - The company is actively formulating remedial plans to restore public shareholding, including the potential issuance of new H shares[118]. - Shareholders holding 3% or more of voting shares have the right to propose new agenda items for the general meeting, provided they submit proposals within ten days of the meeting notice[166]. Employee and Management - The total employee compensation for the year was approximately RMB 34,194,000, an increase from RMB 25,957,000 in 2019[45]. - The company continues to improve and enhance management and professional skills among its employees[81]. - The company is committed to continuous professional development for all directors to enhance their knowledge and skills[154]. - The company ensures that no director participates in determining their own remuneration, maintaining transparency and fairness in compensation decisions[148]. Future Outlook - The company provided guidance for the next quarter, projecting a revenue growth of 10% to 1.32 billion RMB[187]. - New product launches are expected to contribute an additional 200 million RMB in revenue over the next year[187]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2025[187]. - The company aims to improve operational efficiency, targeting a 5% reduction in costs over the next fiscal year[187]. - Customer satisfaction ratings improved by 15%, reflecting the success of recent service enhancements[187].

Financial Performance - For the six months ended June 30, 2020, the revenue was approximately RMB 249,787,000, representing an increase of about 86.2% compared to the same period in 2019[6] - The net loss attributable to the owners of the company for the six months ended June 30, 2020, was approximately RMB 4,905,000, a reduction in loss of about 44.8% compared to the same period in 2019[6] - The revenue for the three months ended June 30, 2020, was approximately RMB 117,050,000, reflecting a growth of approximately 222.2% compared to RMB 36,330,000 in the same period of 2019[7] - The gross profit for the six months ended June 30, 2020, was approximately RMB 28,533,000, compared to RMB 22,986,000 for the same period in 2019, indicating an increase[9] - The company reported a basic and diluted loss per share of RMB 0.15 for the six months ended June 30, 2020, compared to RMB 0.27 for the same period in 2019[11] - The company’s loss attributable to equity holders for the three months ended June 30, 2020, was approximately RMB 2,525,000, a reduction of about 21.6% compared to the same period last year[55] - The loss attributable to equity holders for the six months ended June 30, 2020, was approximately RMB 4,905,000, a decrease of about 44.8% year-on-year[55] Assets and Liabilities - The total assets as of June 30, 2020, were approximately RMB 1,113,345,000, a decrease from RMB 1,132,873,000 as of December 31, 2019[13] - The total liabilities as of June 30, 2020, were approximately RMB 517,289,000, compared to RMB 534,900,000 as of December 31, 2019, showing a decrease[13] - Total liabilities decreased to RMB 843,169 thousand as of June 30, 2020, down from RMB 862,495 thousand as of December 31, 2019, representing a reduction of approximately 2.4%[14] - Non-current liabilities totaled RMB 325,880 thousand as of June 30, 2020, slightly down from RMB 327,595 thousand as of December 31, 2019, indicating a decrease of about 0.5%[14] - The company’s total current assets were approximately RMB 675,451,000, with cash and cash equivalents amounting to approximately RMB 49,396,000[56] - The company's total current liabilities were approximately RMB 517,289,000, primarily consisting of trade payables and contract liabilities[56] Cash Flow and Equity - The net cash and cash equivalents as of June 30, 2020, were approximately RMB 49,396,000, down from RMB 132,611,000 as of December 31, 2019[13] - Net cash used in operating activities was RMB (79,470) thousand for the six months ended June 30, 2020, compared to RMB (22,877) thousand for the same period in 2019, indicating a significant increase in cash outflow[16] - The company reported a net decrease in cash and cash equivalents of RMB 83,215 thousand for the six months ended June 30, 2020, compared to a decrease of RMB 27,963 thousand in the same period of 2019[16] - Total equity attributable to owners of the company decreased to RMB 211,001 thousand as of June 30, 2020, down from RMB 215,329 thousand as of December 31, 2019, a decline of about 2.0%[14] - The company’s cash and cash equivalents at the end of the period were RMB 49,396 thousand, a decrease from RMB 73,069 thousand at the end of the same period in 2019[16] Corporate Governance and Strategy - The company has not reported any significant new product launches or technological advancements during this reporting period[20] - The company has not disclosed any new product developments or market expansion strategies in the interim report[103] - The audit committee, consisting of three independent non-executive directors, reviewed and approved the interim results for the six months ending June 30, 2020[109] - The company adheres to the corporate governance code as per GEM listing rules, ensuring transparency and effective risk management[108] - The management is committed to maintaining high governance standards to maximize returns for shareholders and stakeholders[108] - The company aims to enhance long-term shareholder value while fulfilling its social responsibilities[108] Employee and Operational Insights - Total employee compensation cost for the group was approximately RMB 15,190,000, an increase of 9.45% from RMB 12,963,000 in the previous year, with 271 employees hired[67] - The company has been recognized as a high-tech enterprise in China, allowing it to enjoy a preferential corporate income tax rate of 15%[41] - The company has not purchased, sold, or redeemed any of its listed securities during the six months ending June 30, 2020[110] Future Outlook and Projects - The company plans to issue 3 billion H-shares, with the plan postponed due to the impact of the COVID-19 pandemic and overall market downturn[75] - Future strategies include strengthening market research and development in smart transportation, remote education, smart healthcare, and intellectual property trading[76] - The company’s subsidiary Jiangsu Changtian Zhiyuan Traffic Technology Co., Ltd. secured three major engineering projects, laying a solid foundation for annual business development[69] - The online education subsidiary Jiangsu Zhiya Online Education Co., Ltd. focused on upgrading its cloud platform, significantly enhancing content quality through deep cooperation with vocational colleges[71] - The medical technology subsidiary Jiangsu Nanda Sufute Medical Technology Co., Ltd. is developing a comprehensive orthopedic nursing platform, with the product prototype nearing completion[72] - The knowledge property trading platform operated by Nanjing Zhonggao Intellectual Property Co., Ltd. registered nearly 15,000 cumulative users and facilitated over 300 corporate knowledge property and technology service demands[74]

Financial Performance - For the three months ended March 31, 2020, the revenue was approximately RMB 132,738,000, representing an increase of about RMB 34,904,000 or approximately 35.7% compared to the same period in 2019[4] - The net loss attributable to the owners of the company for the same period was approximately RMB 2,380,000, a decrease in loss of about RMB 3,281,000 or approximately 58.0% compared to the same period in 2019[4] - The gross profit for the three months ended March 31, 2020, was RMB 14,582,000, compared to RMB 13,035,000 in the same period of 2019[6] - Revenue from system integration services was RMB 128,535,000 for the three months ended March 31, 2020, compared to RMB 76,645,000 in the same period of 2019[11] - The basic and diluted loss per share for the three months ended March 31, 2020, was RMB 0.07, compared to RMB 0.17 in the same period of 2019[6] - The total comprehensive loss for the three months ended March 31, 2020, was RMB 184,000, compared to RMB 4,546,000 in the same period of 2019[8] - The company reported a decrease in selling and distribution expenses to RMB 2,830,000 from RMB 3,522,000 in the same period of 2019[6] - The company reported a loss of approximately RMB 656,000 for the period, a reduction in loss of RMB 3,597,000 or approximately 84.6% compared to the same period last year[25] Dividends and Shareholder Information - The company did not recommend the payment of dividends for the three months ended March 31, 2020[4] - The company did not recommend the payment of dividends for the three months ended March 31, 2020, consistent with the previous year[24] - As of March 31, 2020, the company has issued a total of 3,288,000,000 shares, consisting of 2,782,800,000 domestic shares and 505,200,000 H shares[39] - Mr. Zhu Yongning holds a 29.49% equity interest in the company, representing 24.96% of the total share capital[37] - Jiangsu Kenen Electric Technology Co., Ltd. holds 808,800,000 domestic shares, accounting for 29.06% of the domestic shares and 24.60% of the total shares[37] - Anhui Jiuxi Industrial Investment Co., Ltd. owns 577,592,975 domestic shares, which is 20.76% of the domestic shares and 17.57% of the total shares[37] - Fuki Investment Co., Ltd. has 450,000,000 domestic shares, representing 16.17% of the domestic shares and 13.69% of the total shares[37] - Jiangsu Fuchuang E-commerce Co., Ltd. and Jiangsu Yuchang Modern Agricultural Development Co., Ltd. each hold 225,000,000 domestic shares, accounting for 8.09% of the domestic shares and 6.84% of the total shares[37] - Donghua Petroleum (Yangtze) Co., Ltd. holds 84,200,000 H shares, which is 16.67% of the H shares and 2.56% of the total shares[37] Business Development and Strategy - The company actively sought new business opportunities despite the impact of the COVID-19 pandemic, laying a solid foundation for future performance[26] - Jiangsu Changtian Zhiyuan is developing new clients and has established preliminary cooperation intentions with a major engineering bureau[27] - Jiangsu Changtian Zhiyuan Transportation Technology Co., Ltd. confirmed revenue from project phase settlements increased by RMB 44,474,000 compared to the same period last year[25] - The company has added a new invention patent related to adaptive streaming methods and systems for video based on bandwidth detection[27] - Jiangsu Zhiyazai Online Education Co., Ltd. is focusing on developing VR training courses and smart classroom products[29] - The company is enhancing its remote medical services and has developed a quality control management platform for end-stage renal disease patients[30] Governance and Compliance - The company has adopted a code of conduct for securities trading by directors and supervisors, ensuring compliance with the standards set forth in GEM rules[40] - The audit committee, consisting of three independent non-executive directors, reviewed and approved the financial reports for the first quarter ending March 31, 2020[43] - The management is committed to maximizing long-term benefits for shareholders while fulfilling social responsibilities[42]

Financial Performance - For the fiscal year 2019, the group's revenue was approximately RMB 387,376,000, a decrease of about RMB 92,461,000 or 19.3% compared to 2018[17]. - The net loss attributable to the company's owners for the year was approximately RMB 103,080,000, an increase of about RMB 49,382,000 or 92.0% compared to 2018[17]. - Operating revenue for the year was RMB 387,376,000, with a pre-tax loss of RMB 119,992,000 and a net loss attributable to shareholders of RMB 103,080,000[59]. - Return on total assets was -9.1%, while return on equity was -47.9%[59]. - The company reported a gross margin of 40% for 2019, reflecting improved operational efficiency and cost management[170]. Revenue Growth and Business Segments - In 2019, Jiangsu Nandasoft Technology Company achieved approximately RMB 340 million in revenue from its smart transportation business, providing strong support for the company's overall performance[12]. - Jiangsu Changtian Zhiyuan's smart transportation business achieved sales of approximately RMB 340 million in 2019, a significant increase of about 27.7% year-on-year[33]. - Jiangsu Nanda Sofitel Technology Co., Ltd. reported a comprehensive review of its financial statements, confirming their accuracy and reflecting the company's operational performance and asset status[157]. - The company has expanded its user base, with active users increasing by 20% compared to the previous year, now totaling 1.2 million users[170]. - Future outlook indicates a projected revenue growth of 10% for 2020, driven by new product launches and market expansion strategies[170]. Research and Development - The company strengthened its R&D efforts, obtaining a patent for a device control method based on the RTSP protocol during the year[29]. - The company is investing in R&D for new technologies, with a budget allocation of 5 million RMB for the development of innovative solutions in the upcoming fiscal year[170]. - Jiangsu Nanda Sufut Technology focused on chronic disease intelligent health monitoring and developed eight software copyrights, enhancing patient convenience and compliance[37]. - The company launched new high-end training online courses in the smart education sector, including VR training applications for automotive and mold specialties, enhancing its product offerings[12]. Assets and Liabilities - As of December 31, 2019, the group's current assets were approximately RMB 687,839,000, with cash and cash equivalents amounting to RMB 132,611,000[18]. - The group's total assets were RMB 1,132,873,000, and total liabilities were RMB 862,495,000, resulting in a debt-to-asset ratio of 24.8%[19]. - The fair value of investment properties held by the company as of December 31, 2019, is approximately RMB 280.3 million[185]. - The company reported trade receivables of RMB 86.3 million as of December 31, 2019, after accounting for impairment losses[187]. Corporate Governance - The board of directors consists of nine members, including two executive directors, four non-executive directors, and three independent non-executive directors, ensuring a diverse range of expertise[103]. - The company has established compliance procedures to ensure adherence to applicable laws and regulations, monitored by the audit committee[60]. - The independent auditor issued a qualified opinion on the consolidated financial statements for the year ended December 31, 2019, due to limitations in the audit scope regarding investment properties[94]. - The company has maintained compliance with the GEM Listing Rules and corporate governance codes, with the exception of a deviation from code A.2.1[100]. Strategic Plans and Market Position - The company plans to issue up to 3 billion new H shares at a placement price of HKD 0.12, raising approximately HKD 360 million for debt repayment and operational funding[39]. - The company aims to leverage its university background to drive innovation in smart services and integrate various resources in healthcare, education, and transportation[40]. - Jiangsu Nanda Sufut plans to enter new markets, targeting a 25% increase in market share within the next two years[170]. - The management team emphasized the importance of digital transformation, aiming for a 30% increase in online sales channels by the end of 2020[170]. Risk Management - The company is committed to maintaining effective risk management and internal control systems to protect shareholder interests and group assets[114]. - The company has implemented internal controls to ensure the financial statements are free from material misstatement due to fraud or error[192]. - The audit procedures included evaluating the appropriateness of the assumptions used in estimating expected credit losses[187]. Shareholder Information - The company did not recommend the distribution of a final dividend for the fiscal year ending December 31, 2019[28]. - The group reported no available reserves for distribution to shareholders as of December 31, 2019[53]. - The board does not recommend a final dividend for the year, consistent with the previous year[45]. Audit and Financial Reporting - The financial statements were audited by KPMG Huazhen LLP, affirming their reliability and completeness[157]. - The independent auditor's report assessed the overall presentation, structure, and content of the consolidated financial statements, ensuring they reflect relevant transactions and events fairly[197]. - The audit committee reviewed the financial statements for the year ending December 31, 2019, and confirmed compliance with applicable accounting standards[131].

Financial Performance - For the nine months ended September 30, 2019, the revenue was approximately RMB 205,794,000, a decrease of about 28.4% compared to the same period in 2018[4]. - For the three months ended September 30, 2019, the revenue was approximately RMB 71,630,000, a decrease of about 26.8% compared to the same period in 2018[5]. - The gross profit for the nine months ended September 30, 2019, was RMB 36,060,000, compared to RMB 32,758,000 for the same period in 2018[7]. - The cost of goods sold for the nine months ended September 30, 2019, was RMB 169,734,000, a decrease of approximately 33.4% compared to RMB 254,578,000 in the same period last year[20]. - The gross profit margin increased from 11.4% for the nine months ended September 30, 2018, to 17.5% for the same period in 2019, due to the adoption of a high-margin business strategy[29]. Loss and Earnings - The net loss attributable to owners for the nine months ended September 30, 2019, was approximately RMB 12,696,000, representing a significant reduction in loss of about 53.3% compared to the same period in 2018[4]. - The basic and diluted loss per share for the nine months ended September 30, 2019, was RMB 0.39, compared to RMB 1.83 for the same period in 2018[9]. - The total comprehensive loss for the nine months ended September 30, 2019, was RMB 9,692,000, compared to RMB 23,598,000 for the same period in 2018[9]. - The company reported a loss attributable to equity holders of RMB 3,813,000 for the three months ended September 30, 2019, a reduction in loss of approximately 49.3% compared to RMB 7,516,000 in the same period last year[26]. - The loss attributable to equity holders for the nine months ended September 30, 2019, was RMB 12,696,000, a reduction in loss of approximately 53.3% compared to RMB 27,189,000 in the same period last year[26]. Expenses and Costs - The company reported a reduction in financing costs to RMB 4,446,000 for the nine months ended September 30, 2019, down from RMB 16,002,000 in the same period in 2018[7]. - The administrative expenses for the nine months ended September 30, 2019, were RMB 34,653,000, slightly up from RMB 34,034,000 in the same period in 2018[7]. - The company did not recommend the payment of dividends for the nine months ended September 30, 2019[4]. Business Development and Strategy - The company continues to develop its "Internet+" platform and maintain its business advantage in the smart transportation sector[31]. - Jiangsu Changtian Zhiyuan Transportation Technology Co., Ltd. undertook significant engineering projects, including the construction of toll station removal and highway expansion projects[32]. - The computer hardware sales segment faced a decline due to e-commerce competition and strategic adjustments, prompting the company to seek transformation towards smart business areas[33]. - Jiangsu Zhiya Online Education Co., Ltd. is focusing on developing new products for smart classrooms and expanding its market presence through collaborations with local vocational colleges[35]. - Jiangsu Nanda Sufut Technology Co., Ltd. continues to enhance its online training platforms for nurses, collaborating with various nursing associations to expand service offerings[36]. - The company aims to leverage its strengths in university research and closely monitor market demands to innovate in smart transportation, remote education, smart healthcare, and intellectual property trading[40]. Shareholder Information - As of September 30, 2019, the company had issued a total of 3,288,000,000 shares, comprising 2,782,800,000 domestic shares and 505,200,000 H-shares[42]. - Zhu Yongning holds a 29.49% stake in the company, with 820,783,735 domestic shares and 24.96% of H-shares[42]. - Jiangsu Kenen Electric Power Technology Co., Ltd. holds 808,800,000 domestic shares, representing 29.06% of the total domestic shares[46]. - Anhui Jiuxi Industrial Investment Co., Ltd. owns 577,592,975 domestic shares, accounting for 20.76% of the total domestic shares[46]. Intellectual Property and Partnerships - The company has established a partnership with State Grid Jiangsu Electric Power Co., Ltd. to undertake its patent value assessment system outsourcing project[38]. - The online operation of the intellectual property custody and service system was successfully implemented during the reporting period[38]. - The number of patent stores opened by universities on the "Patent Treasure" platform increased by over 30, while the number of expert flagship stores on the "Patent Backpack" platform rose by over 300[38]. Corporate Governance - The company has adopted a code of conduct for securities trading by directors and supervisors, ensuring compliance with GEM Listing Rules from September 30, 2019[50]. - The company has adhered to the corporate governance code as per GEM Listing Rules Appendix 15, aiming for higher transparency and effective risk control[52]. - The Audit Committee, established on December 8, 2000, consists of three independent non-executive directors and is responsible for reviewing financial reports and risk management[53]. - No purchase, sale, or redemption of the company's listed securities occurred by the company or its subsidiaries during the nine months ending September 30, 2019[55].