Financial Performance - The company's operating revenue for the first half of 2021 was ¥212,159,605.70, a decrease of 8.97% compared to ¥233,058,218.48 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was ¥1,025,512.29, down 86.22% from ¥7,439,357.62 in the previous year[21]. - The net cash flow from operating activities was ¥10,557,698.42, a significant decline of 95.20% from ¥219,918,377.03 in the same period last year[21]. - The total assets at the end of the reporting period were ¥5,240,533,195.55, a decrease of 3.00% from ¥5,402,673,719.66 at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company increased by 13.70% to ¥1,419,677,130.06 from ¥1,248,631,639.98 at the end of the previous year[21]. - Basic earnings per share for the first half of 2021 were ¥0.0020, down 86.21% from ¥0.0145 in the same period last year[22]. - The weighted average return on net assets was 0.08%, a decrease of 0.51 percentage points from 0.59% in the previous year[22]. - Total revenue for the reporting period was CNY 212.16 million, a decrease of 8.97% year-on-year, while net profit fell by 30.43% to CNY 37.65 million[43]. - The company reported a significant decrease in other receivables from ¥57,283,591.13 in December 2020 to ¥10,133,433.59 in June 2021, a decline of approximately 82.3%[117]. - The company reported a net loss of CNY 59,332,999.99 for the first half of 2021, highlighting challenges in profitability[140]. Investment and Subsidiaries - The company’s subsidiary, Dexin Guarantee, has a registered capital of CNY 270 million and is a key player in the financing guarantee industry in Anhui Province[28]. - Dexin Small Loan, a subsidiary, was established with a registered capital of CNY 330 million and focuses on small loans, contributing significantly to local economic development[29]. - Investment income from subsidiaries decreased by ¥4.36 million compared to the previous year[23]. - The company’s financing guarantee services cover various sectors, including agriculture, transportation, and retail, addressing the financing difficulties of SMEs[28]. - The company has received multiple awards for its performance in the small loan sector, including recognition as an outstanding small loan company in Anhui Province[30]. - The company’s subsidiary, Derun Leasing, has a registered capital of 817 million RMB and aims to optimize asset structure and improve asset quality[36]. Cash Flow and Liquidity - The net cash flow from operating activities for the first half of 2021 was ¥10,557,698.42, a significant decrease of 95.2% compared to ¥219,918,377.03 in the first half of 2020[130]. - Cash inflow from financing activities was ¥519,868,929.14, down 28.9% from ¥731,033,169.83 in the first half of 2020[130]. - The ending balance of cash and cash equivalents was ¥206,947,148.54, slightly up from ¥204,617,675.98 at the end of the first half of 2020[131]. - The cash flow from operating activities showed a significant decline, indicating potential challenges in revenue generation and operational efficiency[130]. Regulatory and Market Environment - The financing guarantee industry has seen regulatory improvements, enhancing the legal status and operational standards of guarantee institutions[29]. - The regulatory environment for small loan companies has become more stringent, promoting a shift towards standardized operations in the industry[32]. - The company faces market, credit, and liquidity risks, with strategies in place to manage these risks effectively[54][55]. Research and Development - Research and development expenses increased by 40.01% to CNY 2.58 million, reflecting the company's commitment to innovation[47]. - The company reported a significant increase in research and development expenses, which rose to ¥2,578,299.68, up 40.0% from ¥1,841,483.33 in the previous year[121]. Shareholder and Capital Structure - The employee stock ownership plan holds 20,800,000 shares, accounting for 4.05% of the total share capital[66]. - The largest shareholder, Anhui Xinli Kechuang Group Co., Ltd., holds 120,999,907 shares, representing 23.57% of the total shares[105]. - The company has a total of 84,699,937 shares pledged by its largest shareholder[105]. - The company has not reported any changes in its share capital structure during the reporting period[101]. Legal and Compliance Matters - The company has ongoing litigation with Hefei Huhai Material Co., with a lawsuit amount of 718.17 CNY and a balance of 720.01 CNY[81]. - The company has reported no significant non-operating fund occupation by controlling shareholders or related parties during the reporting period[79]. - The company has a commitment to compensate for any losses caused by violations of shareholding commitments[76]. Social Responsibility and Environmental Impact - The company provides financing leasing services to clients in the sewage treatment and renewable energy sectors, supporting green industry development[68]. - The company actively promotes green and paperless office practices[68]. - The company has engaged in social responsibility initiatives, including purchasing agricultural products for consumption assistance and supporting disadvantaged employees[69]. - The company aims to provide financial empowerment for rural revitalization and support local agricultural development[69]. Performance Commitments and Compensation - The company committed to achieving a net profit of no less than RMB 23.6 million, RMB 30 million, and RMB 36 million for the years 2018, 2019, and 2020 respectively, with performance compensation obligations in place[72]. - The company has not completed its performance commitments for the years 2018 to 2020, achieving a completion rate of 98.92% against a cumulative commitment of CNY 89.6 million[107]. - The company is in the process of fulfilling performance compensation obligations due to the unmet commitments, which will affect the release of restricted shares[107]. Financial Reporting and Accounting Practices - The company’s financial statements are prepared based on the going concern principle, with no identified issues affecting its ability to continue operations[160]. - The company adheres to the accounting standards and policies set forth by the relevant authorities, ensuring accurate financial reporting[162]. - The company measures identifiable assets and liabilities acquired in a business combination at fair value on the acquisition date[167].

Financial Performance - Net profit attributable to shareholders decreased by 47.48% year-on-year, totaling CNY 2,394,903.88[6] - Operating revenue declined by 8.59% compared to the same period last year, reaching CNY 107,937,868.67[6] - Basic earnings per share dropped by 47.19% to CNY 0.0047[6] - The weighted average return on equity decreased by 0.18 percentage points to 0.18%[6] - The company reported a significant decrease in fair value changes of financial assets, with a loss of -¥8,303,029.95 compared to -¥16,500.00 in the previous year[12] - The company reported a financial expense of CNY 22,978,821.87 in Q1 2021, down from CNY 26,925,126.84 in Q4 2020[26] - The net profit attributable to shareholders of the parent company was a loss of ¥25,835,664.55, compared to a loss of ¥26,470,590.47 in the same period last year, showing a slight improvement[30] - The total comprehensive income for Q1 2021 was a loss of ¥25,835,664.55, compared to a loss of ¥26,470,590.47 in Q1 2020[30] Cash Flow - Net cash flow from operating activities showed a significant decrease of 684.07%, resulting in a negative CNY 67,205,341.48[6] - Operating cash flow turned negative at -¥67,205,341.48 compared to positive cash flow of ¥11,506,382.86 in the same period last year, mainly due to repayment of operational borrowings[12] - The company reported a net cash outflow from operating activities of ¥67,205,341.48, a significant decline from a net inflow of ¥11,506,382.86 in the previous year[33] - The company received cash inflows from financing activities totaling ¥306,216,000.00, compared to ¥631,879,333.75 in the previous year[34] - The total cash inflow from financing activities in Q1 2021 was ¥301,216,000.00, while the cash outflow was ¥293,410,194.13, resulting in a net cash inflow of ¥7,805,805.87[37] Assets and Liabilities - Total assets decreased by 4.05% from the end of the previous year, amounting to CNY 5,183,958,921.67[6] - Cash and cash equivalents decreased by 51.94% to ¥201,808,945.05 from ¥419,945,545.70 due to loan repayments[12] - Short-term borrowings decreased by 41.97% to ¥225,765,731.00 from ¥389,019,521.85, primarily due to repayment of bank loans[12] - Total liabilities as of March 31, 2021, were CNY 1,472,179,397.66, down from CNY 1,645,080,722.53 at the end of 2020[22] - The company’s total liabilities included ¥706,905,211.29 in long-term borrowings as of Q1 2021[41] - The total assets as of January 1, 2021, were CNY 2,554,563,503.04[46] Shareholder Information - The total number of shareholders reached 51,430 by the end of the reporting period[10] - The largest shareholder, Anhui Xinli Kechuang Group Co., Ltd., holds 23.57% of the shares, totaling 120,999,907 shares[10] - Total equity attributable to the parent company was CNY 1,248,631,639.98 as of January 1, 2021[42] Research and Development - Research and development expenses rose by 45.03% to ¥1,483,143.17 from ¥1,022,661.59, reflecting increased investment in R&D[12] Other Financial Metrics - The company received government subsidies amounting to CNY 795,796.11 during the reporting period[8] - Long-term prepaid expenses increased by 155.64% to ¥266,247.44 from ¥104,150.75, primarily due to office renovation expenses[12] - Other current liabilities increased by 65.43% to ¥187,218.79 from ¥113,170.83, mainly due to an increase in deductible tax amounts[12] - The company’s total current assets were reported at ¥1,961,212,428.77 as of Q1 2021[40]

Financial Performance - The company reported a net profit attributable to shareholders of -7,999,996.98 RMB for 2020, a decrease of 124.78% compared to the previous year's profit of 32,280,676.58 RMB[5]. - Total operating revenue for 2020 was 492,197,076.87 RMB, representing a decline of 4.89% from 517,512,972.95 RMB in 2019[21]. - The net cash flow from operating activities decreased by 77.20%, amounting to 148,086,840.91 RMB compared to 649,443,174.79 RMB in 2019[21]. - The company plans not to distribute cash dividends or transfer capital reserves to share capital for the 2020 fiscal year, with retained earnings carried forward to the next year[5]. - The company’s revenue from core business activities decreased by 6.65% compared to the previous year[21]. - Basic earnings per share for 2020 was -0.02 CNY, a decrease of 133.33% compared to 0.06 CNY in 2019[23]. - The weighted average return on equity decreased by 3.41 percentage points to -0.64% in 2020 compared to 2.77% in 2019[23]. - In Q4 2020, the net profit attributable to shareholders was -37,140,052.34 CNY, a significant decline compared to Q3 2020's 21,700,697.74 CNY[25]. - The total operating income for Q4 2020 was 136,193,124.44 CNY, showing an increase compared to Q3 2020's 122,945,733.95 CNY[25]. Risk Management - The company faces various risks including market risk, credit risk, and liquidity risk, particularly in its traditional financial services such as financing guarantees and small loans[6]. - The company has taken measures to manage and control various operational risks, as detailed in the report[6]. - The company implemented a risk management system to monitor key projects and potential bad debts, ensuring no major risk events occurred during the reporting period[50]. - The main risks identified include market risk, credit risk, and liquidity risk, with specific focus on foreign exchange and interest rate fluctuations impacting financial instruments[74]. - The company recognizes the competitive risks in the internet financial cloud service market and aims to maintain its market position through product quality and service enhancement[75]. Subsidiaries and Business Segments - The company’s subsidiary, Dexin Guarantee, is a key player in the financing guarantee business, contributing to local economic development[29]. - Dexin Guarantee has diversified its services, including loan guarantees and litigation preservation guarantees, to support small and medium enterprises[29]. - The company’s subsidiary, Deshan Microfinance, focuses on small loans, with a registered capital of CNY 330 million, serving the "three rural issues" and small enterprises[31]. - The financing guarantee industry is facing increased competition and regulatory changes, impacting the operational environment[30]. - The financing leasing segment generated CNY 266 million in revenue, with a gross margin of 74.41%, reflecting a decrease of 1.67 percentage points compared to the previous year[56]. - The small loan segment's revenue was CNY 83.37 million, with a gross margin of 95.31%, down 0.74 percentage points year-on-year[56]. Corporate Governance and Compliance - The company has established a governance structure to ensure all shareholders can enjoy their rights fairly and transparently, with a commitment to accurate and timely information disclosure[123]. - The company has been recognized as a national high-tech enterprise, holding 30 core technologies and software copyrights in its field[41]. - The company has not made any adjustments to the profit distribution policy in the articles of association during the reporting period[79]. - The company has committed to not engage in competitive businesses during the tenure of key personnel and for three years post-employment[83]. - The company has established a robust internal control system to mitigate risks and ensure compliance with regulations[172]. Shareholder Information - The total number of ordinary shareholders increased to 57,911 by the end of the reporting period, up from 51,430 at the end of the previous month[135]. - The top shareholder, Anhui Xinli Technology Group Co., Ltd., holds 120,999,907 shares, representing 23.57% of the total shares, with 84,699,937 shares pledged[138]. - The company is actively managing its shareholder structure, with a focus on maintaining a balanced distribution of shares among major stakeholders[135]. - The company has a controlling shareholder, Anhui New Power Technology Group Co., Ltd., established on August 12, 2010[141]. - The actual controller is the Anhui Provincial Supply and Marketing Cooperative Union, which exercises investment responsibilities through Anhui Supply Group Co., Ltd.[143]. Legal Matters - The company has ongoing significant litigation matters, including a case involving a total of RMB 55.31 million in execution payments received[96]. - The company is currently involved in litigation amounting to 900.00 million RMB, with ongoing execution processes against multiple parties[100]. - The company has reported a total of 1,464.58 million RMB in litigation, with ongoing execution processes against multiple parties[99]. - The company has ongoing litigation involving 4,000.00 million RMB, with a current liability of 2,415.82 million RMB[101]. - The company has a total of 164 lawsuits related to securities false statements, with a total amount involved of approximately ¥127.46 million[105]. Employee and Human Resources - The total number of employees in the parent company and major subsidiaries is 246, with 38 in the parent company and 208 in subsidiaries[165]. - The company has established a comprehensive human resources management system, including training, compensation, and evaluation mechanisms[124]. - The company emphasizes performance-based compensation and efficiency in its salary policy[167]. - The company conducted over 600 training sessions during the reporting period, enhancing employee skills and engagement[166]. - The total pre-tax remuneration for the reporting period amounted to 186.85 million CNY[152]. Future Outlook and Strategy - The company aims to enhance its financial services by integrating internet, big data, and cloud computing technologies, focusing on innovation and self-research[41]. - The company anticipates ongoing economic recovery and reform deepening in 2021, driven by domestic and international dual circulation strategies[68]. - The company aims to enhance its core business by focusing on "finance + technology" strategy, targeting small and micro enterprises, and leveraging rural networks for growth[71]. - In 2021, the company plans to optimize internal controls and improve management levels, emphasizing precise investment and resource allocation for better efficiency[72]. - The company is exploring new paths for rural financial services as part of its strategic transformation following the cessation of new business launches in the financial segment[49].

Financial Performance - Net profit attributable to shareholders was CNY 29,140,055.36, representing a decline of 24.71% year-on-year[8]. - Operating revenue for the period was CNY 356,003,952.43, down 5.85% from the same period last year[8]. - Basic and diluted earnings per share were both CNY 0.06, a decrease of 25% compared to the previous year[8]. - The company’s net profit after deducting non-recurring gains and losses was CNY 29,484,143.44, down 23.82% year-on-year[8]. - Total operating revenue for Q3 2020 was approximately ¥122.95 million, a decrease of 6.5% compared to ¥131.53 million in Q3 2019[29]. - Net profit for Q3 2020 reached approximately ¥44.06 million, an increase of 9.3% from ¥40.30 million in Q3 2019[30]. - The company reported a total comprehensive loss of -15,433,492.32 RMB for Q3 2020, compared to -16,533,556.94 RMB in Q3 2019, showing a reduction in losses of about 6.6%[34]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,587,817,540.09, a decrease of 0.04% compared to the end of the previous year[8]. - Total current assets amounted to RMB 2,025,038,359.27 as of September 30, 2020, compared to RMB 2,035,540,485.18 at the end of 2019[20]. - Current liabilities totaled CNY 1,596,697,309.96, down from CNY 1,700,123,101.54 in the previous period, indicating a reduction of approximately 6.5%[22]. - Non-current liabilities increased to CNY 1,400,836,886.85 from CNY 1,298,386,057.30, reflecting an increase of about 7.9%[22]. - The company's total liabilities were CNY 2,997,534,196.81, showing a marginal decrease from CNY 2,998,509,158.84[22]. - The total liabilities of the company stood at CNY 2,998,509,158.84, indicating a stable leverage position[44]. Cash Flow - The net cash flow from operating activities increased by 5.3% to CNY 345,934,790.33 compared to the previous year[8]. - The net cash flow from investing activities was negative RMB 27,297,868.20, a decrease of 193.51% due to payments for the acquisition of Handpay[15]. - The net cash flow from financing activities for Q3 2020 was -315,378,732.07 RMB, an improvement from -589,322,908.80 RMB in Q3 2019, indicating a reduction in outflows of about 46.6%[38]. - Operating cash flow for the first nine months of 2020 was 345,934,790.33 RMB, slightly up from 328,524,083.84 RMB in the same period of 2019, reflecting a growth of about 2.7%[37]. - Cash inflow from investment activities was CNY 11,818,371.18, a decrease of 74% from CNY 45,917,408.66 in the previous year[40]. Shareholder Information - The total number of shareholders at the end of the reporting period was 65,030[11]. - The largest shareholder, Anhui Xinli Kechuang Group Co., Ltd., held 23.57% of the shares[11]. - Shareholders' equity totaled CNY 2,590,283,343.28, slightly down from CNY 2,591,690,212.21, indicating a decrease of approximately 0.05%[22]. - The total equity attributable to shareholders of the parent company was CNY 1,279,683,041.81, up from CNY 1,258,284,300.61, indicating an increase of about 1.7%[22]. Expenses and Investments - Research and development expenses grew by 116.85% to RMB 2,868,456.56 due to differences during the consolidation period[15]. - Other income increased by 235.72% to RMB 4,796,583.51 primarily from increased tax refunds[15]. - The company reported an investment income of approximately ¥3.80 million for Q3 2020, slightly up from ¥3.73 million in Q3 2019[30]. - Financial expenses for Q3 2020 were approximately ¥10.67 million, a significant decrease of 56.5% from ¥24.52 million in Q3 2019[29]. Risks and Future Outlook - The company anticipates potential goodwill impairment risks by year-end due to the impact of COVID-19 and complex domestic and international situations[16].

Financial Performance - The company's operating revenue for the first half of 2020 was ¥233,058,218.48, a decrease of 5.49% compared to ¥246,590,412.06 in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2020 was ¥7,439,357.62, down 63.12% from ¥20,169,726.64 in the previous year[20]. - The net cash flow from operating activities decreased by 35.29%, amounting to ¥219,918,377.03 compared to ¥339,865,083.61 in the same period last year[20]. - The basic earnings per share for the first half of 2020 was ¥0.01, a decrease of 75% compared to ¥0.04 in the same period last year[21]. - The weighted average return on net assets was 0.59%, down by 1.15 percentage points from 1.74% in the previous year[21]. - The net profit after deducting non-recurring gains and losses was ¥7,378,474.58, down 63.19% from ¥20,045,247.58 in the same period last year[20]. - The company reported a total comprehensive income of CNY 56,221,022.53 for the period, reflecting a significant change in financial performance[136]. - The company reported a total comprehensive income loss of 7,261,410.04 CNY during the reporting period, impacting the retained earnings[147]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,696,227,442.52, reflecting a 1.9% increase from ¥5,590,199,371.05 at the end of the previous year[20]. - The company's total assets decreased to CNY 2,486,907,319.09 from CNY 2,518,267,863.78, reflecting a reduction of 1.2%[120]. - Total liabilities increased to RMB 3,117,500,496.35 from RMB 2,998,509,158.84, reflecting a rise of about 4%[116]. - The company's total liabilities to equity ratio stands at approximately 1.21, indicating a leveraged position[116]. - The company's equity attributable to shareholders decreased slightly to RMB 1,257,982,344.07 from RMB 1,258,284,300.61, a decrease of approximately 0.02%[116]. Cash Flow - The net cash flow from financing activities improved by 55.34% to -¥228,025,333.05 from -¥510,550,619.01 year-on-year[49]. - Cash inflows from operating activities amounted to 497,485,743.01 RMB, an increase from 396,355,023.83 RMB in the first half of 2019[129]. - The ending cash and cash equivalents balance was ¥3,165,124.76, down from ¥80,244,892.33 at the end of the previous year[133]. - The company received cash from interest, fees, and commissions amounting to 182,512,088.10 RMB, a decrease from 221,639,267.98 RMB in the previous year[129]. Operational Risks - The company has identified various operational risks including market risk, credit risk, and liquidity risk, and has implemented measures to manage these risks[8]. - The company faces market, credit, and liquidity risks associated with its traditional financial business operations[54]. Subsidiaries and Business Operations - The company’s subsidiary, Dexin Guarantee, has been operating since December 2006 and has a registered capital of ¥270 million, contributing to local economic development by alleviating financing difficulties for SMEs[26]. - Dexin Guarantee offers various guarantee services, including loan guarantees and litigation preservation guarantees, across multiple industries[26]. - The company’s subsidiary, Dehe Pawn, has been awarded multiple honors for its integrity and contributions to the local economy since its establishment in May 2012[29]. - The company has a total of 13 subsidiaries included in the consolidated financial statements, with ownership stakes ranging from 56.51% to 100%[149]. Legal Matters - The company has no significant litigation or arbitration matters during the reporting period[66]. - The company is involved in multiple lawsuits, with amounts exceeding 10 million RMB, including a case involving 40 million RMB that is currently in the execution process[70]. - The company has reported a total of 3,053.98 million RMB in expected liabilities related to ongoing litigation[70]. Future Outlook and Strategic Initiatives - The report includes a forward-looking statement regarding future plans, emphasizing the importance of investor awareness of potential risks[7]. - The company is actively pursuing a non-public bond issuance, having received a no-objection letter from the Shanghai Stock Exchange for the bond transfer[42]. - The company has committed 500,000 yuan to support COVID-19 prevention efforts and has engaged in poverty alleviation activities in Anhui Province[46]. Shareholder Information - The company’s total share capital is 513,364,429 shares, with 484,000,000 shares being freely tradable[94]. - The largest shareholder, Wang Jian, held 13,157,991 shares at the beginning of the period, with 7,976,120 shares released, resulting in 5,181,871 shares remaining[98]. - The company has a total of 10 major shareholders, with their shareholding details to be disclosed in the report[102]. Accounting and Financial Reporting - The financial statements are prepared based on the enterprise accounting standards, reflecting the company's financial position and operating results accurately[153]. - The company has not disclosed any significant changes in accounting policies or errors requiring restatement during the reporting period[90]. - The company has assessed its ability to continue as a going concern for the next 12 months and found no issues affecting this capability[151].

Financial Performance - Net profit attributable to shareholders decreased by 78.30% to CNY 4,559,884.79 year-on-year[9] - Operating revenue declined by 9.62% to CNY 118,085,793.85 compared to the same period last year[9] - Basic earnings per share dropped by 75.00% to CNY 0.01[9] - The weighted average return on net assets decreased by 1.65 percentage points to 0.36%[9] - Total operating revenue for Q1 2020 was CNY 118,085,793.85, a decrease of 9.6% compared to CNY 130,651,321.27 in Q1 2019[27] - Net profit for Q1 2020 was CNY 28,017,534.01, down 41.3% from CNY 47,872,761.90 in Q1 2019[28] - Basic earnings per share for Q1 2020 were CNY 0.01, down from CNY 0.04 in Q1 2019[28] - The total profit for Q1 2020 was -26,470,590.47 RMB, worsening from -12,867,063.16 RMB in Q1 2019, indicating a decline of approximately 105.1%[30] - The total comprehensive income for Q1 2020 was -26,470,590.47 RMB, compared to -13,058,879.04 RMB in Q1 2019, indicating a decline of approximately 102.5%[31] Assets and Liabilities - Total assets increased by 4.88% to CNY 5,862,870,680.10 compared to the end of the previous year[9] - Total liabilities increased to ¥3,243,162,933.88 from ¥2,998,509,158.84, reflecting a rise in both current and non-current liabilities[21] - The company's total assets as of Q1 2020 amounted to CNY 2,572,772,088.76, compared to CNY 2,518,267,863.78 in the previous year[25] - Total liabilities increased to CNY 1,644,544,203.16 in Q1 2020 from CNY 1,563,569,387.71 in Q1 2019[25] - The company’s total liabilities included long-term borrowings of 1,005,341,602.86 RMB, indicating a significant leverage position[39] - Total liabilities amounted to CNY 2,998,509,158.84, with non-current liabilities totaling CNY 1,298,386,057.30[40] Cash Flow - Net cash flow from operating activities improved significantly by 829.46% to CNY 11,506,382.86[9] - Net cash flow from financing activities decreased by 132.74% to ¥100,651,732.33 due to an increase in borrowings compared to the same period last year[15] - The net cash flow from operating activities for Q1 2020 was 11,506,382.86 RMB, a significant improvement compared to a net outflow of -1,577,376.99 RMB in Q1 2019[32] - Cash inflow from financing activities amounted to 631,879,333.75 RMB, compared to 128,175,000.00 RMB in the previous quarter, indicating a strong increase in financing[36] - The net cash flow from financing activities was 100,651,732.33 RMB, a recovery from a negative cash flow of -240,541,556.46 RMB in the previous quarter[36] Shareholder Information - The total number of shareholders reached 44,548 at the end of the reporting period[13] - The largest shareholder, Anhui Xinli Kechuang Group Co., Ltd., holds 23.57% of the shares[13] - The company has a repurchase account holding 20,800,000 shares, accounting for 4.05% of total shares[14] Expenses and Costs - Management expenses decreased by 36.78% to ¥17,123,474.17 due to lower labor costs and intermediary fees[15] - Financial expenses increased by 71.07% to ¥26,925,126.84 due to the growth in borrowing scale and funding costs[15] - Credit impairment losses increased by 421.83% to -¥5,157,046.49 primarily due to an increase in overdue assets affected by the pandemic[15] - Financial expenses for Q1 2020 were CNY 26,925,126.84, significantly higher than CNY 15,738,999.49 in Q1 2019[27] Investment Activities - The company reported an investment income of CNY 6,791,430.57 for Q1 2020, compared to CNY 5,475,801.46 in Q1 2019[27] - The investment activities generated a net cash outflow of -155,000.00 RMB in Q1 2020, compared to a net inflow of 224,492.91 RMB in Q1 2019, indicating a shift in investment strategy[33] - The company holds long-term equity investments valued at CNY 2,453,173,434.07, indicating a significant investment strategy[43]

Financial Performance - In 2019, the company's total revenue was CNY 517,512,972.95, a decrease of 2.97% compared to CNY 533,352,197.93 in 2018[21] - The net profit attributable to shareholders was CNY 32,280,676.58, down 39.06% from CNY 52,971,292.95 in the previous year[21] - The net cash flow from operating activities decreased by 20.15% to CNY 649,443,174.79 from CNY 813,343,170.85 in 2018[21] - Basic earnings per share decreased by 45.45% to CNY 0.06 from CNY 0.11[23] - Diluted earnings per share also decreased by 45.45% to CNY 0.06 from CNY 0.11[23] - The weighted average return on equity fell by 3.21 percentage points to 2.77% from 5.98%[23] - The company achieved total revenue of 518 million RMB in 2019, a decrease of 2.97% year-on-year[44] - The net profit for the year was 139 million RMB, down 9.63% year-on-year, with net profit attributable to shareholders decreasing by 39.06% to 32.28 million RMB[44] Asset and Liability Management - The total assets as of the end of 2019 were CNY 5,590,199,371.05, a slight decrease of 0.97% from CNY 5,644,903,614.00 in 2018[21] - The net assets attributable to shareholders increased by 21.24% to CNY 1,258,284,300.61 from CNY 1,037,843,362.79 in 2018[21] - The total liabilities increased, with other payables rising by 196.82% to ¥612,354,481.97, primarily due to an increase in inter-company loans[60] - Total liabilities amounted to approximately 3.36 billion, with current liabilities totaling around 2.21 billion[100] - Non-current liabilities reached approximately 1.15 billion, including long-term borrowings of about 863.48 million[100] Dividend and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.20 per 10 shares, totaling CNY 9,851,288.58, which represents 30.52% of the net profit for the year[5] - The company did not issue any bonus shares or increase capital reserves during the year, with remaining undistributed profits carried forward to the next year[5] - A cash dividend of RMB 0.20 per share (including tax) is proposed, amounting to a total of RMB 9,851,288.58, which represents 30.52% of the net profit for the year[80] - The company is committed to a stable cash dividend policy, considering factors such as operational performance and shareholder expectations[78] Acquisitions and Business Expansion - The company completed the acquisition of 100% equity in Shenzhen Shoufu Technology Co., Ltd. in May 2019, facing integration and talent retention risks[8] - The company completed the acquisition of Shoufu Tong, expanding its software and information technology service business[31] - The company completed the acquisition and restructuring of its subsidiary, Handpay, which is expected to yield positive synergies[44] - The company completed the acquisition of 100% equity in Handpay in May 2019, expanding its asset scale and business scope, but faces integration risks[74] - The company completed the acquisition of 100% equity of Shoufu Tong through a combination of cash and stock issuance, with the asset delivery completed in May 2019[138] Risk Management - The company reported significant risks including market risk, credit risk, and liquidity risk associated with its traditional financial services[8] - The company recognizes the need to manage credit risk through strict due diligence and ongoing monitoring of debtors[72] - The company has identified various risks including goodwill impairment, market competition, and product quality risks in the high-tech service industry[75] - The company is committed to improving its internal control systems to ensure compliance and effective risk management across its operations[70] Operational Efficiency - The company aims to enhance liquidity by improving budget systems, optimizing resource allocation, and expanding financing channels[76] - The company has established a monthly communication mechanism post-acquisition to enhance operational efficiency and decision-making[44] - The company is focusing on optimizing its business structure and enhancing service quality across its subsidiaries[44] Compliance and Governance - The company plans to enhance its internal management and governance in accordance with new securities laws, aiming to improve information disclosure and compliance[70] - The company has established a robust internal control system to manage risks in decision-making, finance, and information disclosure[193] - The company has been actively involved in the financial services sector, with key personnel having extensive experience in banking and finance[179] - The company received administrative penalties from the China Securities Regulatory Commission for inflating revenue and profits in the 2015 annual report, leading to disciplinary actions against responsible personnel[182] Employee and Executive Management - The total number of employees in the parent company and major subsidiaries is 295, with 49 technical staff and 4 sales personnel[185] - The total pre-tax compensation for executives during the reporting period amounted to 343.72 million yuan[175] - The company has established a performance evaluation mechanism for senior management, linking their compensation to company performance and individual contributions[199] - The company has a structured remuneration system for its directors and senior management based on their roles and performance[180] Legal Matters - The company has no significant litigation or arbitration matters reported for the year[112] - The company has recognized an impairment provision of RMB 91.858 million related to litigation matters[126] - The company has successfully executed claims amounting to RMB 708.85 million from a lawsuit against a client for overdue rent[115] Environmental and Social Responsibility - The company actively participated in poverty alleviation efforts, donating 150,000 yuan to targeted assistance projects[142] - The company supports green industry development by providing financing leasing services to clients such as sewage treatment plants[144] - The company has implemented green office practices and paperless operations[144] - The company is not listed as a major polluter and has not experienced significant environmental incidents during the reporting period[144]

Financial Performance - Operating revenue for the first nine months was approximately CNY 378.12 million, down 3.17% from the same period last year[6]. - Net profit attributable to shareholders for the first nine months was approximately CNY 38.70 million, an increase of 1.80% year-on-year[6]. - The weighted average return on equity increased by 1.48 percentage points to 3.38%[6]. - The company maintained basic and diluted earnings per share at CNY 0.08[6]. - Total operating revenue for Q3 2019 was ¥131,526,313.23, an increase from ¥115,404,584.66 in Q3 2018, representing a growth of approximately 13.5%[25]. - Net profit for Q3 2019 reached ¥40,304,425.59, compared to ¥19,145,427.13 in Q3 2018, reflecting an increase of approximately 110%[26]. - The company reported a profit margin of approximately 30.6% for Q3 2019, up from 16.6% in Q3 2018[26]. - Basic and diluted earnings per share for Q3 2019 were both CNY 0.04, compared to CNY 0.01 in Q3 2018, marking a 300% increase[27]. Assets and Liabilities - Total assets at the end of the reporting period were approximately CNY 5.57 billion, a decrease of 1.38% compared to the end of the previous year[6]. - The company’s total liabilities decreased to CNY 3,200,000,000.00, reflecting a reduction in short-term and long-term borrowings[18]. - Total liabilities decreased from ¥3,363,332,366.98 to ¥2,991,059,725.52, a reduction of approximately 11%[19]. - Total current liabilities increased from ¥1,235,378,692.88 to ¥1,366,950,242.06, an increase of approximately 11%[24]. - The company’s total other payables were CNY 206,303,209.57, including interest payable of CNY 18,674,834.96 and dividends payable of CNY 12,170,000.00[37]. Cash Flow - The net cash flow from operating activities for the first nine months was approximately CNY 328.52 million, a decrease of 44.78% compared to the previous year[6]. - Cash flow from operating activities for the first three quarters of 2019 was CNY 328,524,083.84, down from CNY 594,963,133.69 in the same period of 2018[31]. - Cash inflow from financing activities for the first three quarters of 2019 resulted in a net outflow of CNY 589,322,908.80, compared to a net outflow of CNY 574,234,091.95 in the same period of 2018[31]. - The net increase in cash and cash equivalents for Q3 2019 was -CNY 178,920,346.33, compared to -CNY 71,232,796.13 in Q3 2018, indicating a decline of 151.1%[34]. Shareholder Information - The total number of shareholders at the end of the reporting period was 24,001[10]. - The largest shareholder, Anhui Xinli Kechuang Group Co., Ltd., held 23.57% of the shares, totaling approximately 120.99 million shares[10]. Investment and Growth - Research and development expenses for the first three quarters of 2019 totaled ¥1,322,788.23, indicating ongoing investment in innovation[25]. - The company recorded investment income of ¥17,965,687.95 for the first three quarters of 2019, compared to ¥12,266,556.94 in the same period of 2018, marking a growth of approximately 46%[25]. - The company anticipates a decline in financial business scale by year-end, with potential goodwill impairment risks due to economic pressures and regulatory changes[13]. - The company is focusing on risk management strategies in response to the economic downturn and regulatory changes affecting the industry[13].

Financial Performance - The company's operating revenue for the first half of 2019 was ¥246,590,412.06, a decrease of 10.36% compared to ¥275,081,523.24 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2019 was ¥20,169,726.64, down 35.97% from ¥31,500,385.76 in the previous year[19]. - The net cash flow from operating activities was ¥339,865,083.61, a decrease of 3.58% compared to ¥352,474,019.67 in the same period last year[19]. - Basic earnings per share for the first half of 2019 were ¥0.04, a decrease of 42.86% from ¥0.07 in the same period last year[20]. - The weighted average return on net assets was 1.74%, down 1.63 percentage points from 3.37% in the previous year[20]. - Operating revenue decreased by 10.36% year-on-year to ¥246,590,412.06, primarily due to a reduction in operational scale[45]. - Operating costs fell by 8.40% year-on-year to ¥42,567,027.29, also attributed to a decrease in operational scale[45]. - Management expenses increased by 33.40% year-on-year to ¥60,083,721.06, mainly due to the consolidation of Handputong's expenses[45]. - Financial expenses decreased by 18.13% year-on-year to ¥47,751,837.01, primarily due to a reduction in financing scale[45]. - The company reported a total comprehensive income for the first half of 2019 was also a loss of CNY 7,261,410.04, compared to a total of CNY 18,354,192.74 in the first half of 2018[118]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,677,410,079.31, an increase of 0.58% from ¥5,644,903,614.00 at the end of the previous year[19]. - The total liabilities decreased to ¥3,121,626,139.48 from ¥3,363,332,366.98, representing a reduction of approximately 7.2%[107]. - Shareholders' equity rose to ¥2,555,783,939.83, up from ¥2,281,571,247.02, marking an increase of around 12.0%[107]. - Cash and cash equivalents were reported at ¥401,922,493.43, down from ¥575,776,711.01, a decline of approximately 30.2%[105]. - Accounts receivable increased significantly to ¥25,452,164.94 from ¥3,777,651.17, showing a growth of about 576.5%[105]. - Short-term borrowings decreased to ¥271,149,000.00 from ¥593,773,000.00, a reduction of approximately 54.3%[106]. - The total liabilities at the end of the period were CNY 1,281,248,073.27, which is a slight increase from CNY 1,274,535,866.56 at the beginning of the year[130]. Acquisitions and Business Expansion - The company completed the acquisition of 100% equity in Shenzhen Shoufu Technology Co., Ltd. in May 2019, facing integration and talent retention risks[7]. - The company completed the acquisition of Shoufu Tong, expanding its software and information technology services business[25]. - In May 2019, the company acquired 100% equity of Handpay, expanding its asset scale and business scope, but faces integration and talent retention risks[54]. - The company has been recognized as a benchmark enterprise in the small loan industry, receiving multiple awards for its contributions to local economic development[28]. Risk Management - The company operates in various financial services including financing guarantees, microloans, and financing leasing, which may face market, credit, and liquidity risks[7]. - The report includes a risk statement regarding potential future plans and investment risks, advising investors to exercise caution[6]. - The company emphasizes risk prevention and aims to provide sustainable financing support for small and micro enterprises and the agricultural sector[29]. - The company has implemented a series of credit risk management measures, significantly reducing the credit risk it bears[53]. - The company monitors both short-term and long-term liquidity needs to ensure sufficient cash reserves and commitments from major financial institutions[54]. Legal and Compliance Issues - There were no significant lawsuits or arbitration matters reported during the reporting period[62]. - The company is involved in multiple lawsuits, with one case involving a claim of 3,862.56 million yuan, which was ruled in favor of the company[64]. - The company has ongoing litigation with amounts below 10 million yuan, totaling 2,211.05 million yuan in claims[64]. - The company has reported a total of 9,773.96 million RMB in impairment provisions related to ongoing litigation[70]. - As of June 30, 2019, there are 160 lawsuits filed against the company for securities false statement liability, with a total claim amount of 59.24 million RMB[70]. Shareholder and Equity Management - The company has committed to ensuring that the net profit (after deducting non-recurring gains and losses) for the years 2018-2020 will not be lower than RMB 23.6 million, RMB 30 million, and RMB 36 million respectively[58]. - The company has issued shares to the commitment parties as part of the transaction[59]. - The company appointed Rongcheng Accounting Firm as the auditor for the 2019 fiscal year, following the approval at the 2018 annual shareholders' meeting[62]. - The company’s major shareholders and executives committed to using at least 30% of their annual performance salary for share repurchases starting from 2018[61]. - The company has a strategy to manage shareholder equity through repurchase and performance commitments[93]. Financial Reporting and Accounting Policies - The financial statements are prepared in RMB, with no specific financial figures disclosed in the provided content[104]. - The company has implemented new financial instrument standards effective January 1, 2019, impacting accounting policies and estimates[85]. - The report indicates no significant accounting errors that require retrospective restatement during the reporting period[82]. - The company adheres to the accounting standards and policies, ensuring that the financial statements accurately reflect its financial position and performance[145]. - The company evaluates its subsidiaries based on control, including structured entities that do not rely solely on voting rights[151]. Corporate Social Responsibility - The company actively participates in targeted poverty alleviation efforts, supporting villages in Anhui Province through donations and consumption assistance[79]. - The company has not reported any significant environmental incidents during the reporting period and supports green industry development through financing services[80].

Financial Performance - Operating revenue for the period was CNY 130,651,321.27, down 5.58% year-on-year[7] - Net profit attributable to shareholders of the listed company rose by 19.10% to CNY 21,014,394.31[7] - Basic and diluted earnings per share remained at CNY 0.04, unchanged from the previous year[7] - Total operating revenue for Q1 2019 was ¥130,651,321.27, a decrease of 5.9% compared to ¥138,379,434.27 in Q1 2018[25] - Net profit for Q1 2019 was ¥47,872,761.90, an increase of 4.0% from ¥46,035,520.10 in Q1 2018[26] - The profit attributable to shareholders of the parent company rose to ¥21,014,394.31 in Q1 2019, up 19.5% from ¥17,644,609.96 in Q1 2018[26] - The total profit for Q1 2019 was ¥68,348,222.35, compared to ¥67,658,426.07 in Q1 2018, indicating a slight increase of 1.0%[26] - Investment income for Q1 2019 was ¥5,475,801.46, compared to ¥4,667,991.62 in Q1 2018, reflecting an increase of 17.3%[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,547,420,870.60, a decrease of 1.73% compared to the end of the previous year[7] - Total assets decreased from ¥5,644,903,614.00 to ¥5,547,420,870.60, a decline of approximately 1.7%[18] - Non-current assets increased from ¥3,381,033,781.65 to ¥3,618,547,065.06, representing a growth of about 7.0%[18] - Current liabilities decreased from ¥2,210,135,540.86 to ¥1,837,448,754.58, a reduction of approximately 16.8%[18] - Long-term borrowings rose from ¥863,476,084.71 to ¥1,049,744,696.58, an increase of about 21.6%[18] - Total liabilities decreased from ¥3,363,332,366.98 to ¥3,218,168,677.56, a decline of approximately 4.3%[18] - Shareholders' equity increased from ¥2,281,571,247.02 to ¥2,329,252,193.04, reflecting a growth of about 2.1%[18] Cash Flow - Net cash flow from operating activities was negative at CNY -20,293,933.45, a decline of 108.71% compared to the same period last year[7] - The company's cash and cash equivalents decreased from ¥189,533,865.48 to ¥57,520,528.70, a drop of approximately 69.6%[20] - The company's total current assets decreased from ¥434,701,352.60 to ¥292,876,379.25, a decline of approximately 32.6%[21] - The net cash flow from operating activities was negative at approximately -¥20.29 million in Q1 2019, compared to a positive cash flow of ¥233.10 million in Q1 2018[31] - The total cash inflow from financing activities was ¥128.18 million in Q1 2019, down from ¥210 million in Q1 2018, indicating a decrease of 38.9%[32] - The cash outflow for debt repayment in Q1 2019 was approximately ¥416.28 million, compared to ¥291.04 million in Q1 2018, reflecting an increase of 43.1%[32] - The cash and cash equivalents at the end of Q1 2019 were approximately ¥109.52 million, down from ¥165.33 million at the end of Q1 2018, a decrease of 33.8%[32] Shareholder Information - The total number of shareholders at the end of the reporting period was 23,473[10] - The largest shareholder, Anhui Xinli Kechuang Group, held 25.00% of shares, totaling 120,999,907 shares, all of which were pledged[11] Legal and Regulatory Matters - The company is currently facing a lawsuit with a claim amount of approximately ¥66 million related to alleged false statements, with no legal documents received to date[14] - The company has adjusted its accounting policies, resulting in reclassification of certain financial assets and changes in impairment loss accounting[13] - The company executed a new financial instrument standard starting January 1, 2019, affecting the financial statement format[39] Management and Expenses - Management expenses increased by 34.20% to ¥27,083,637.14 from ¥20,180,866.33, primarily due to increased intermediary fees[12] - Financial expenses decreased by 40.11% to ¥15,738,999.49 from ¥26,281,879.21, mainly due to a reduction in financing scale compared to the same period last year[12] - The company experienced a significant reduction in management expenses, which increased from ¥20,180,866.33 in Q1 2018 to ¥27,083,637.14 in Q1 2019, marking a rise of 34.5%[25]