Financial Performance - The company reported a significant increase in revenue, achieving a total of 100 million RMB, representing a 20% growth compared to the previous period[11]. - Revenue for the six months ended June 30, 2020, was RMB 69,248,865, a decrease of 11.8% compared to RMB 78,590,968 in 2019[193]. - Gross profit for the same period was RMB 42,524,585, down 24.3% from RMB 56,165,999 in 2019[193]. - Profit before income tax was RMB 17,453,195, a decline of 47.1% from RMB 32,904,657 in the previous year[193]. - Basic and diluted earnings per share for the period were both 3.60 RMB cents, compared to 7.19 RMB cents in 2019[193]. - The Group recorded a revenue of approximately RMB69.25 million, representing a decrease of approximately 11.88% from RMB78.59 million in the same period last year, mainly due to the impact of COVID-19 on customer operations[40]. - The Group's profit for the first half of 2020 was approximately RMB12.94 million, a decrease of approximately 49.94% from RMB25.85 million in the same period last year[40]. User Engagement and Market Outlook - User data showed an increase in active users, reaching 500,000, which is a 25% increase year-over-year[11]. - The company provided a positive outlook for the next quarter, projecting a revenue growth of 15% to 20% based on current market trends[11]. - The company aims to enhance customer engagement through digital marketing strategies, targeting a 15% increase in customer retention rates[11]. Product and Market Development - New product launches are expected to contribute an additional 30 million RMB in revenue over the next six months[11]. - Market expansion plans include entering two new provinces, which are projected to increase market share by 10%[11]. - The company is considering strategic acquisitions to enhance its service offerings, with a budget of 50 million RMB for potential deals[11]. Operational Efficiency and Cost Management - Operational efficiency improvements are expected to reduce costs by 5% in the upcoming fiscal year[11]. - Direct costs amounted to approximately RMB26.72 million, an increase of approximately 19.18% from RMB22.42 million in the same period last year, mainly due to increased costs of medical equipment sold[40]. - Operating expenses were approximately RMB8.12 million, a decrease of approximately 13.98% from RMB9.44 million in the same period last year, due to adjustments in corporate strategy and a reduction in sales personnel[42]. - Administrative expenses were approximately RMB15.33 million, a decrease of approximately 13.29% from RMB17.68 million in the same period last year, primarily due to a reduction in employee numbers affecting compensation and benefits[44]. Risk Management and Compliance - The management team emphasized the importance of compliance and governance, ensuring adherence to GEM Listing Rules[11]. - The Board reviewed the effectiveness of the risk management and internal control systems, considering them effective and adequate in all material aspects[66]. - Risk management is an integral part of all organizational processes, including strategic planning and project management[76]. - The risk management framework is reviewed periodically to ensure its appropriateness and effectiveness based on internal and external conditions[85]. Economic Context - China's GDP growth fell by 6.8% in Q1 2020 compared to the same period last year due to the COVID-19 pandemic, although signs of recovery were noted by March 2020[16]. - The overall economic activity in China remains constrained by the global economic downturn and trade disruptions caused by the pandemic[18]. - The financial leasing industry is undergoing a critical transformation, with stricter regulations expected to promote healthy development and prevent financial risks[17]. Employee and Organizational Structure - As of June 30, 2020, the Group had a total of 70 full-time employees, down from 166 full-time employees as of June 30, 2019[93]. - The Group aims to enhance employee capabilities to provide high-quality professional services[171]. - The decrease in employment benefit expenses was mainly due to a reduction in the number of full-time employees and the impact of COVID-19[93]. Shareholder Information - As of June 30, 2020, the total number of shares issued by the company was 359,340,000, including 89,840,000 H Shares[148]. - The Group had no significant contingent liabilities as of June 30, 2020, maintaining a stable financial position[97]. - The Company proposed a final dividend of RMB0.05 per share, totaling RMB17,967,000, approved by shareholders on May 18, 2020[160]. Environmental and Social Responsibility - The Group is committed to long-term sustainability and adheres to environmental regulations, producing no hazardous waste during the Reporting Period[186]. - The Group has not engaged in any business that generates pollution, focusing on compliance with environmental laws[187].

Financial Performance - Revenue for the three months ended March 31, 2020, was RMB 42,096,588, an increase of 35.3% compared to RMB 31,104,865 for the same period in 2019[8]. - Gross profit for the same period was RMB 22,646,041, a decrease of 10.4% from RMB 25,380,936 in Q1 2019[8]. - Profit before income tax for Q1 2020 was RMB 9,900,764, down 36.5% from RMB 15,636,200 in Q1 2019[8]. - Earnings per share for Q1 2020 were RMB 2.13, a decrease of 34.5% compared to RMB 3.26 in Q1 2019[8]. - For the three months ended March 31, 2020, profit attributable to equity owners of the Company was RMB 11,698,166, compared to RMB 7,667,963 for the same period in 2019, representing an increase of approximately 52.5%[39]. - The Group's profit decreased to approximately RMB 7.67 million, down approximately 34.44% from RMB 11.70 million for the same period last year, primarily due to increased provisions for impairment losses on accounts receivable related to COVID-19 risks[59]. Costs and Expenses - Direct costs increased significantly to RMB 19,450,547, compared to RMB 5,723,929 in the previous year, reflecting a rise of 239.5%[8]. - Administrative expenses decreased to RMB 7,476,235 from RMB 7,996,736, showing a reduction of 6.5%[8]. - Costs of borrowings included in direct costs rose to RMB 6,207,043 in Q1 2020, compared to RMB 5,590,309 in Q1 2019, indicating an increase of approximately 11%[29]. - Staff costs for the period were RMB 7,074,894, slightly down from RMB 7,150,712 in the previous year, showing a decrease of about 1%[29]. - Depreciation of plant and equipment increased to RMB 189,429 in Q1 2020 from RMB 81,587 in Q1 2019, marking an increase of approximately 132%[29]. - Operating expenses amounted to approximately RMB 3.76 million, reflecting a 4.16% increase from RMB 3.61 million for the same period last year[68]. Income and Gains - Other income and gains for Q1 2020 were RMB 600,412, down 14.7% from RMB 704,407 in Q1 2019[8]. - Total other income and gains decreased to RMB 600,412 from RMB 704,407, a decline of 14.7%[23]. - Bank interest income increased to RMB 638,506 from RMB 83,059, a growth of 669.5%[23]. - Finance lease income decreased to RMB 9,897,950 from RMB 20,049,113, representing a decline of 50.7% year-over-year[23]. - Income from sale-leaseback transactions significantly increased to RMB 8,826,958 from RMB 810,945, marking a growth of 1,086.5%[23]. - Factoring income rose to RMB 6,395,753, up 17.9% from RMB 5,417,438 in the previous year[23]. - Advisory service fee income decreased to RMB 2,436,560 from RMB 4,003,260, a decline of 39.2%[23]. - Sale of goods revenue surged to RMB 14,539,367 from RMB 521,031, reflecting a substantial increase of 2,685.5%[23]. Impairment and Provisions - The company reported a provision for impairment loss on accounts receivable of RMB 2,107,976, compared to a reversal of RMB 1,153,648 in Q1 2019[8]. - The impairment loss on accounts receivable was RMB 2,107,976 for the period, compared to a recovery of RMB 1,153,648 in the same period last year[29]. - The Group's impairment loss on accounts receivable was approximately RMB 2.11 million, compared to a reversal of impairment loss of approximately RMB 1.15 million for the same period last year[69]. Shareholder Information - Hong Kong Shanshan holds 149,500,000 shares, representing 100% of its class shares and approximately 41.60% of the total share capital of the company[82]. - Ningbo Shanshan Co., Ltd. also holds 149,500,000 shares, indicating a 100% interest in its class shares and approximately 41.60% of the total share capital[82]. - Shanshan Group Co., Ltd. has a beneficial ownership of 149,500,000 shares, which is 100% of its class shares and approximately 41.60% of the total share capital[84]. - Domestic shares held by Shanshan Group amount to 2,000,000, representing 1.67% of its class shares and approximately 0.56% of the total share capital[84]. - Beijing Municipality Dayuan Tiandi Property Development Co., Ltd. holds 80,000,000 domestic shares, accounting for 66.67% of its class shares and approximately 22.26% of the total share capital[90]. - As of March 31, 2020, the company issued a total of 359,340,000 shares, including 120,000,000 domestic shares, 89,840,000 H Shares, and 149,500,000 unlisted foreign shares[94]. - Mr. Zhao Dehua and Mr. Gong Liang each hold 80,000,000 domestic shares, representing approximately 66.67% of the relevant class shares and 22.26% of the total share capital[92]. - KKC Capital SPC holds 9,408,000 H Shares, accounting for approximately 10.47% of the relevant class shares and 2.62% of the total share capital[92]. - Tiger Capital Fund SPC holds 9,318,000 H Shares, which is approximately 10.37% of the relevant class shares and 2.59% of the total share capital[92]. - Shanshan Group holds 32.69% of the registered share capital of Shanshan, controlling the majority of the board of directors[94]. - Ningbo Yonggang is interested in 11.94% of the registered share capital of Shanshan Group, which also controls the majority of the board of directors[94]. - Qinggang Investment owns approximately 61.81% of the registered capital of Shanshan Holding, indicating significant control over the company[96]. - Shanshan Holding directly holds approximately 7.18% of the registered share capital of Shanshan and indirectly holds approximately 32.69% through other entities[96]. - The company has a diverse shareholder base, with significant interests held by both domestic and international investors[92]. - The financial structure indicates a strong concentration of ownership among key stakeholders, which may influence corporate governance and strategic decisions[94]. Governance and Compliance - The Group's financial statements were prepared in accordance with the same accounting policies adopted in the audited financial statements for the year ended December 31, 2019[18]. - The Company operates under the GEM Listing Rules, which apply to the Supervisors as they do to the Directors[109]. - The Company has maintained compliance with the required standards of dealings by directors of listed issuers[109]. - The report is dated May 11, 2020, indicating the latest updates on the Company's governance and financial status[112]. - The Directors confirmed that as of March 31, 2020, there were no competing interests with any business that may compete with the Group's business[109]. - As of March 31, 2020, none of the Directors, Supervisors, or chief executives had interests or short positions recorded in the register required under Section 352 of the SFO[109]. - The Board comprises several executive and non-executive directors, including Mr. Zhuang Wei as Chairman[112]. - The Company and its subsidiaries did not purchase, sell, or redeem any of the Company's listed securities during the Reporting Period[111].

Financial Performance - Revenue for the nine months ended September 30, 2019, was RMB 111,169,125, an increase of 8.4% compared to RMB 102,886,438 for the same period in 2018[13] - Gross profit for the same period was RMB 81,872,935, representing a 12.6% increase from RMB 72,686,426 in 2018[13] - Profit before income tax for the nine months was RMB 39,201,450, a decrease of 15% compared to RMB 46,079,967 in the previous year[13] - Earnings per share for the nine months was RMB 8.4, down from RMB 9.7 in 2018, reflecting a decline of 13.4%[13] - For the nine months ended September 30, 2019, profit attributable to equity owners of the Company was RMB 30,343,725, down 13.5% from RMB 34,947,308 in the same period of 2018[73] - For the three months ended September 30, 2019, profit attributable to equity owners of the Company was RMB 4,490,924, a decrease of 61.2% compared to RMB 11,582,549 for the same period in 2018[73] Operating Expenses - Operating expenses increased to RMB 15,978,759, up from RMB 9,228,476 in the previous year, indicating a rise of 73%[13] - Administrative expenses rose to RMB 25,560,676, compared to RMB 21,863,231 in 2018, marking an increase of 16.3%[13] - Staff costs for the nine months ended September 30, 2019, amounted to RMB 24,867,830, an increase of 37.2% from RMB 18,134,865 in the same period of 2018[63] - The Group's profit decreased to approximately RMB30.34 million, down approximately 13.19% from RMB34.95 million for the same period last year, mainly due to increased operating and administrative expenses[92] Income and Revenue Streams - For the nine months ended September 30, 2019, finance lease income was RMB 59,301,964, a decrease of 4.9% from RMB 62,339,448 in the same period of 2018[59] - Factoring income increased by 36.5% to RMB 19,558,157 for the nine months ended September 30, 2019, compared to RMB 14,388,669 in 2018[59] - Advisory service fee income rose significantly by 67.1% to RMB 21,987,135 for the nine months ended September 30, 2019, from RMB 13,155,005 in 2018[59] Taxation - The provision for enterprise income tax in the PRC is calculated based on a statutory tax rate of 25% of the estimated assessable profits[68] - The income tax expense for the three months ended September 30, 2019, was RMB 1,805,869, a decrease of 50.1% from RMB 3,617,733 in the same period of 2018[67] - The Group's income tax expense was approximately RMB8.86 million, a decrease of approximately 20.40% from RMB11.13 million for the same period last year, mainly due to a decrease in profit before income tax[102] Financial Reporting and Accounting Policies - The condensed consolidated financial statements have been prepared in accordance with the same accounting policies as the audited financial statements for the year ended 31 December 2018[22] - This is the first set of financial statements where HKFRS 16 Leases has been adopted, which may impact the financial reporting[22] - The financial statements are presented in Renminbi (RMB), which is the functional currency of the Company[26] - The adoption of HKFRS 16 did not have any significant impact on the Group's accounting policies, except for the changes related to leases[26] - The Group's application of HKFRS 16 has introduced new significant judgements and estimation uncertainties in the financial statements[54] Shareholder Information - As of September 30, 2019, Hong Kong Shanshan Resources Company Limited held 149,500,000 unlisted foreign shares, representing 100% of that class and 41.60% of the total share capital of the Company[114] - Ningbo Shanshan Co., Ltd. also held 149,500,000 unlisted foreign shares, equivalent to 100% of that class and 41.60% of the total share capital[114] - The Company confirmed that all directors and supervisors complied with the securities trading code during the reporting period[111] - The Company has adopted a code of conduct for securities trading that meets or exceeds the standards set forth in the GEM Listing Rules[111] Dividends - A final dividend of RMB 0.05 per share was approved for the year ended December 31, 2018, totaling RMB 17,967,000, compared to RMB 7,186,800 for the previous year[78] - The Company did not recommend the payment of a dividend for the reporting period, in contrast to the previous year where no dividend was declared[79] - The Board did not recommend any dividend for the Reporting Period, consistent with the previous period where no dividend was declared[152][156]

Financial Performance - The company reported a significant increase in revenue, achieving a total of 100 million RMB for the first half of 2019, representing a 20% growth compared to the same period last year[10]. - The Group recorded a revenue of approximately RMB 78.59 million for the Reporting Period, representing an increase of approximately 23.14% from RMB 63.82 million in the same period last year[174]. - The profit for the first half of 2019 was approximately RMB 25.85 million, an increase of approximately 10.66% from RMB 23.36 million in the same period last year[37]. - The gross profit for the six months ended June 30, 2019, was RMB 56.17 million, compared to RMB 47.59 million in the same period of 2018, indicating growth in profitability[188]. - Basic and diluted earnings per share increased to RMB 7.19 from RMB 6.50 year-on-year[188]. - The Group's income tax expense for the Reporting Period was RMB 7.05 million, slightly down from RMB 7.51 million in the same period last year[188]. Revenue Sources - The Group's revenue for the first half of 2019 was primarily derived from finance lease income (52.51%), factoring service income (15.37%), advisory service fee income (18.02%), commission income (1.02%), and sale of goods (13.08%) [16]. - Revenue from the finance lease business was RMB 41.34 million, representing a decrease of approximately 1.29% from RMB 41.88 million in the same period last year [20]. - Revenue from the factoring business increased to RMB 12.16 million, reflecting a growth of approximately 39.45% from RMB 8.72 million in the same period last year [23]. - The advisory service business recorded revenue of approximately RMB 14.16 million, an increase of approximately 72.47% from approximately RMB 8.21 million in the same period last year [25]. Market and Growth Strategies - User data indicates a growing customer base, with an increase of 15% in active users, reaching 50,000 by the end of June 2019[10]. - The company provided a positive outlook for the second half of 2019, projecting a revenue growth of 25% year-over-year, driven by new product launches and market expansion strategies[10]. - Market expansion efforts have led to a 10% increase in market share within the leasing sector in Shenzhen[10]. - The company plans to introduce two new financial products by Q4 2019, aimed at attracting a younger demographic[10]. - The Group plans to continue focusing on the small-sized finance lease business as its core and prioritize safe assets as a strategic direction for development [27]. Operational Efficiency - Operational costs have been optimized, resulting in a 5% reduction in expenses while maintaining service quality[10]. - Investment in new technology development has increased by 30%, with a focus on enhancing service efficiency and customer experience[10]. - The Group has upgraded its information system to improve management efficiency and minimize operational risks [20]. - The Group's operating expenses rose to RMB 9.44 million from RMB 6.15 million in the previous year, reflecting increased operational costs[188]. Risk Management - A comprehensive risk management strategy has been implemented to mitigate potential market volatility and ensure sustainable growth[10]. - The Group is committed to strengthening risk management culture among staff to support business success [32]. - The risk management system is tailored to the Group's business operations, focusing on comprehensive due diligence on customers and maintaining a diversified portfolio across various strategic industries[63]. - The Group's risk management process includes regular measurement of performance and periodic reviews of the risk management framework to ensure its appropriateness and effectiveness[87]. Financial Position - As of June 30, 2019, total assets amounted to approximately RMB 1,475.40 million, a slight increase of approximately 0.35% from the previous year[53]. - Total liabilities were approximately RMB 1,011.61 million, representing a decrease of approximately 0.27% from the previous year[54]. - The gearing ratio was about 2.18 as of June 30, 2019, compared to about 2.22 at the end of the previous year[54]. - Cash generated from operating activities was approximately RMB 61.86 million, compared to RMB 27.02 million in the same period last year[55]. - The Group's cash and cash equivalents rose to approximately RMB84.03 million as of June 30, 2019, up from RMB72.68 million as of December 31, 2018, indicating an increase of approximately 15.6%[103]. Shareholder Information - The Company proposed a final dividend of RMB0.05 per share, totaling RMB17,967,000, which was approved by shareholders[165]. - The Board did not recommend any interim dividend for the Reporting Period[168]. - The Company’s controlling shareholder is Shanshan Holding, which is 99% owned by Mr. Zhuang Wei[161]. - As of June 30, 2019, Hong Kong Shanshan Resources Company Limited holds 149,500,000 shares, representing approximately 41.60% of the total share capital of the Company[144]. Corporate Governance - The Group complied with all code provisions of the Corporate Governance Code during the reporting period[123]. - The Audit Committee, established on April 25, 2017, consists of three independent non-executive Directors and oversees the effectiveness of the financial reporting process and internal controls[134]. - The Company has adopted a code of conduct for securities transactions that complies with GEM Listing Rules[143]. - The internal audit function has been established to perform annual financial reviews and assess the risk management and internal control systems[70].

Financial Performance - Revenue for the three months ended March 31, 2019, was RMB 31,104,865, an increase of 1.4% from RMB 30,669,449 in the same period of 2018[4] - Gross profit for the same period was RMB 25,380,936, up 13.0% from RMB 22,366,293 year-on-year[4] - Operating profit before tax was RMB 15,636,200, compared to RMB 14,437,016 in the previous year, reflecting an 8.3% increase[4] - Net profit attributable to equity holders for the period was RMB 11,698,166, representing a 11.3% increase from RMB 10,517,482 in the prior year[4] - Basic and diluted earnings per share for the period were both RMB 3.26, compared to RMB 2.93 in the same period last year, marking an increase of 11.3%[4] - Profit for the period was approximately RMB 117 million, representing an increase of about 11.22% from RMB 105.2 million in the previous year[31] Income Sources - Financing lease income was RMB 20,886,731, a decrease of 5.9% from RMB 22,203,807 in the previous year[14] - Factoring income increased significantly to RMB 5,459,468, up 32.5% from RMB 4,121,361 year-on-year[14] - Consulting service fee income rose to RMB 4,006,168, an increase of 66.7% from RMB 2,404,472 in the same period of 2018[14] - Other income and gains decreased to RMB 704,407 from RMB 2,314,874 in the previous year, primarily due to the absence of government subsidies[16] Expenses - Direct costs amounted to approximately RMB 57.2 million, a decrease of about 31.08% from RMB 83 million in the same period last year, primarily due to reduced interest on bank borrowings[32] - Operating expenses were approximately RMB 36.1 million, an increase of about 61.88% from RMB 22.3 million in the previous year, mainly due to an increase in the number of marketing staff[35] - Administrative expenses were approximately RMB 80 million, a decrease of about 4.76% from RMB 84 million in the previous year[36] - Income tax expense for the period was approximately RMB 39.4 million, an increase of about 0.51% from RMB 39.2 million in the previous year, attributed to increased revenue and profit before tax[38] Corporate Governance - The company has adopted a code of conduct for securities trading, ensuring compliance with GEM Listing Rules[42] - The audit committee consists of three independent non-executive directors, overseeing the accounting principles and policies adopted by the group[41] - The company has maintained high standards of corporate governance and transparency to protect shareholder interests[40] - The company is committed to enhancing corporate value and shareholder interests through adherence to corporate governance codes[40] - The company has confirmed compliance with the behavior code by all directors and supervisors during the reporting period[42] Shareholder Information - The company reported a total of 359,340,000 shares issued, including 120,000,000 domestic shares, 89,840,000 H shares, and 149,500,000 non-listed foreign shares[48] - Major shareholder Hong Kong Suning Resources Co., Ltd. holds 149,500,000 non-listed foreign shares, representing 100% of that category and approximately 41.60% of the total share capital[44] - Ningbo Suning Co., Ltd. also holds 149,500,000 non-listed foreign shares, equivalent to 100% of that category and approximately 41.60% of the total share capital[44] - The company’s major shareholders include Ningbo Yonggang Investment Co., Ltd., which holds 80,000,000 domestic shares, representing 66.67% of that category and approximately 22.26% of the total share capital[48] - KKC Capital SPC holds 9,408,000 H shares, representing 10.47% of that category and approximately 2.62% of the total share capital[48] Strategic Focus - The company continues to focus on expanding its financing lease and consulting services in the Chinese market[7] - The company continues to focus on expanding its financing leasing and trade businesses, as well as developing its micro-lending operations[30] - The company is enhancing employee training and talent reserves to support future strategic development[30] Other Information - The company did not declare or propose any dividends during the reporting period[27] - As of March 31, 2019, there were no dividends recommended by the board for the reporting period[58] - No purchases, sales, or redemptions of the company's listed securities occurred during the reporting period[61] - The board of directors consists of 3 executive directors, 3 non-executive directors, and 3 independent non-executive directors as of the report date[65] - The company recorded a reversal of impairment losses on accounts receivable of approximately RMB 11.5 million, compared to RMB 3.9 million in the previous year, indicating effective risk management[37]

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the fiscal year, representing a 15% year-over-year growth[1]. - In 2018, the company achieved total revenue of RMB 155.529 million, representing a growth of approximately 26.67% compared to RMB 122.739 million in 2017[9]. - The gross profit for 2018 was RMB 102.006 million, an increase of about 30.16% from RMB 78.376 million in 2017[9]. - The financing leasing business generated revenue of RMB 863.9 million, up approximately 21.47% from RMB 711.2 million in the previous year[25]. - The factoring business saw a significant increase in revenue to RMB 209.7 million, a rise of approximately 207.47% from RMB 68.2 million in 2017[26]. - The consulting services segment reported revenue of approximately RMB 174.7 million, which is an increase of about 9.32% from RMB 159.8 million in the prior year[27]. - The group's revenue for the reporting period was approximately RMB 155.53 million, an increase of about 26.72% compared to RMB 122.74 million in the same period last year[32]. - Gross profit for the reporting period was approximately RMB 102.01 million, representing a 30.15% increase from RMB 78.38 million year-on-year[33]. User Growth and Market Expansion - User data indicates a growth in active users by 25%, reaching 500,000 users by the end of the fiscal year[1]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[1]. - A strategic acquisition of a local competitor is in progress, which is anticipated to increase market share by 15%[1]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 20% based on current market trends and user acquisition strategies[1]. - New product launches are expected to contribute an additional 300 million RMB in revenue, with a focus on enhancing technology and user experience[1]. Research and Development - The company is investing 100 million RMB in research and development for new technologies aimed at improving operational efficiency[1]. Sustainability and Corporate Responsibility - The management highlighted a commitment to sustainability, with plans to reduce carbon emissions by 30% over the next five years[1]. - The company has complied with all statutory social insurance and housing fund obligations applicable under Chinese law during the reporting period[51]. Financial Structure and Risk Management - The company plans to diversify its funding sources and optimize its financial structure to control and reduce the cost of capital[19]. - The company aims to enhance its risk management and asset management capabilities in response to tightening liquidity conditions[19]. - The company has established a tailored risk management system focusing on comprehensive customer due diligence, independent information review, and multiple approval processes to manage various risks[127]. - The board of directors reviewed the effectiveness of the risk management and internal control systems, concluding that they are effective and appropriate in all material aspects[128]. Corporate Governance - The board of directors confirmed that all financial statements are accurate and complete, ensuring transparency and accountability[1]. - The company has been adhering to the corporate governance code and principles throughout the reporting period, ensuring high quality and transparency[84]. - The company has established a comprehensive internal process and disclosure policy to ensure timely and accurate disclosure of inside information, adhering to the guidelines set by the Securities and Futures Commission[117]. - The company has adopted a code of conduct that meets or exceeds the trading standards outlined in GEM Listing Rules, ensuring compliance by all directors and supervisors during the reporting period[107]. Employee and Management Information - The total employee cost was approximately RMB 281.5 million, an increase from RMB 219.1 million in the previous year, reflecting a growth of about 28.4%[51]. - The company had 134 employees as of December 31, 2018, compared to 101 full-time employees in the same period last year, indicating a growth in workforce of approximately 32.7%[51]. - The company has maintained competitive compensation for its employees, with salary levels determined based on performance, qualifications, experience, and market conditions[51]. Shareholder Information - A final dividend of RMB 0.05 per share (tax included) has been proposed for shareholders[22]. - The company proposed a final dividend of RMB 0.05 per share, totaling RMB 17.967 million, subject to approval at the annual general meeting on April 25, 2019[59]. Customer and Supplier Relations - The group generated total sales to the top five customers accounting for 21.09% of total revenue, down from 34.57% in 2017[169]. - The largest customer contributed 8.92% of total sales, a decrease from 10.71% in 2017[169]. - Total purchases from the top five suppliers represented 16.36% of total procurement, down from 20.08% in 2017[169]. - The largest supplier accounted for 4.98% of total purchases, a decrease from 5.89% in 2017[169]. - There were no recorded customer complaints during the reporting period, indicating high customer satisfaction[180].