Financial Performance - The net profit attributable to the parent company for 2021 was CNY 35,521,303.81, with an undistributed profit of CNY -152,836,052.34 as of December 31, 2021[4]. - The company proposed no profit distribution for 2021 due to the negative undistributed profits[4]. - The company achieved a total revenue of ¥237,762,416.52 in 2021, representing a year-over-year increase of 15.24%[31]. - Net profit attributable to shareholders reached ¥35,521,303.81, up 22.71% compared to the previous year[31]. - The net profit after deducting non-recurring gains was ¥34,894,340.24, reflecting a 24.91% increase year-over-year[31]. - The company's operating cash flow net amount was ¥131,568,437.00, a significant increase of 140.71% from the previous year[31]. - The weighted average return on equity rose to 18.12%, an increase of 0.45 percentage points from 2020[23]. - The operating profit reached ¥48,930,836.25, which is a 21.92% increase compared to the previous year[49]. - The company reported a net profit of 34.89 million yuan after deducting non-recurring gains and losses, reflecting a 24.91% year-on-year increase[79]. Revenue Sources - Main business revenue from higher education was ¥222,553,514.37, accounting for 94.56% of total main business revenue, with a growth of 14.60% year-over-year[32]. - The independent college's revenue primarily comes from student tuition and accommodation fees, along with other educational income[39]. - The computer information technology segment saw revenue increase by 21.47% to ¥12,811,689.40, with costs rising by 9.32%, leading to a gross margin increase of 5.57 percentage points[54]. - Software development revenue increased by 15.91% to ¥12,175,954.89, with a gross margin of 51.72%, while system integration revenue surged by 1396.63% but had a lower gross margin of 14.57%[54]. - Tuition and accommodation fees accounted for the majority of revenue in the higher education sector, totaling ¥222,553,514.37, with a gross margin of 52.07%[54]. Costs and Expenses - The company's main business cost for higher education was ¥106,677,680.92, which increased by 23.12% compared to the previous year[32]. - The main business cost for higher education was ¥113,099,038.91, which increased by 22.24% year-on-year[50]. - Total operating costs for 2021 amounted to CNY 189,503,285.94, up from CNY 167,613,693.00 in 2020, indicating an increase of 13.0%[197]. Assets and Liabilities - The company’s total assets at the end of 2021 were ¥875,709,778.04, a 9.51% increase from the end of 2020[31]. - Total liabilities increased to ¥567.28 million in 2021 from ¥540.52 million in 2020, reflecting a growth of about 4.9%[191]. - Shareholders' equity totaled ¥308.43 million in 2021, compared to ¥259.15 million in 2020, indicating an increase of approximately 19%[191]. - Cash and cash equivalents decreased to ¥218.56 million in 2021 from ¥321.00 million in 2020, a drop of about 31.9%[190]. Governance and Compliance - The company received a standard unqualified audit report from Xinyong Zhonghe Accounting Firm for the 2021 financial statements[7]. - The company’s board of directors and supervisory board members confirmed the authenticity and completeness of the annual report[3]. - The company has strengthened its internal control and governance mechanisms in accordance with relevant regulations, enhancing its compliance and operational efficiency[91]. - The company has not encountered any insider trading incidents during the reporting period, maintaining strict control over insider information[91]. - The company continues to comply with the governance requirements set by the China Securities Regulatory Commission, with no significant discrepancies noted[91]. Future Plans and Risks - The company has outlined its future plans and strategies, emphasizing the importance of risk awareness for investors[5]. - The company is closely monitoring the policy changes regarding the registration of private schools as non-profit or for-profit entities, which could significantly impact future development[43]. - The company faces risks related to the dynamic policies in the private education sector, which may impact enrollment and investment in campus construction[83]. - The company is committed to improving internal controls and risk management to enhance its long-term profitability[80]. - The company aims to enhance its core competitiveness and profitability while managing risks and controlling costs in 2022[80]. Shareholder Information - The largest shareholder, Xi'an Economic Development Group Co., Ltd., holds 12,868,062 shares, accounting for 20.60% of the total shares[157]. - The second-largest shareholder, Zhou Yuguang, has 2,461,100 shares, representing 3.94% of the total shares[157]. - The actual controller is the Xi'an Economic and Technological Development Zone Management Committee, which oversees economic and social affairs in the development zone[162]. - The total number of ordinary shareholders has increased to 10,137, up from 9,626 in the previous month[155]. Employee Management - The company reported a total of 673 employees, with 376 in technical roles and 241 in administrative positions[116]. - Employee training programs are in place to enhance overall employee quality and competitiveness, including onboarding and ongoing technical training[119]. - The company emphasizes a performance-based salary system, linking compensation for mid-to-senior management to overall company performance[117]. Environmental and Social Responsibility - The company has invested in energy-saving and environmental protection initiatives, aligning with national policies for green development[131]. - The company has established a mechanism for sustainable development, focusing on improving production environments and labor productivity[131]. - The company is committed to employee rights, ensuring timely social insurance and health management[131].

Financial Performance - The company's operating revenue for Q3 2021 was ¥62,007,546.54, representing a year-on-year increase of 26.73%[5] - The net profit attributable to shareholders for the same period was ¥17,513,283.45, a significant increase of 218.61% compared to the previous year[5] - The basic earnings per share for Q3 2021 was ¥0.2804, reflecting a year-on-year growth of 218.61%[5] - Total operating revenue for the first three quarters of 2021 reached ¥175,744,871.53, an increase of 16.67% compared to ¥150,655,338.33 in the same period of 2020[19] - Net profit for the first three quarters of 2021 was ¥39,179,329.42, compared to ¥31,117,865.35 in the same period of 2020, reflecting a growth of 25.67%[20] - Net profit attributable to shareholders of the parent company was ¥28,497,184.70, an increase of 28.56% from ¥22,115,439.90 in the previous year[20] - Basic and diluted earnings per share for the first three quarters of 2021 were both ¥0.4563, up from ¥0.3541 in the same period of 2020[20] Asset and Liability Overview - The total assets at the end of the reporting period reached ¥946,938,827.54, marking an 18.42% increase from the end of the previous year[5] - The company's current assets totaled RMB 300,234,020.35, down from RMB 336,555,006.86 at the end of 2020, indicating a decrease of about 10.8%[15] - The non-current assets increased to RMB 646,704,807.19 from RMB 463,114,587.63, representing a growth of approximately 39.5%[16] - The total liabilities increased to RMB 646,568,872.53 from RMB 538,273,650.10, reflecting a rise of about 20.1%[16] - Total liabilities as of the end of the reporting period amounted to ¥648,612,070.79, an increase from ¥540,522,167.16 at the end of the previous year[19] - Total equity attributable to shareholders of the parent company was ¥206,723,282.20, compared to ¥178,226,097.50 in the previous year, marking an increase of 15.99%[19] Cash Flow Analysis - The net cash flow from operating activities for the year-to-date was ¥130,432,181.58, showing a substantial increase of 359.09%[5] - The cash inflow from operating activities for the first three quarters of 2021 was CNY 228,181,599.90, an increase of 40.5% compared to CNY 161,932,349.84 in the same period of 2020[22] - The net cash flow from operating activities was CNY 130,432,181.58, significantly up from CNY 28,410,762.62 in the previous year, indicating a strong operational performance[22] - The total cash outflow from investment activities was CNY 230,054,173.72, compared to CNY 6,076,692.79 in the same period last year, reflecting increased investment in fixed assets[23] - The cash inflow from financing activities was CNY 60,000,000.00, with no cash outflow reported, resulting in a net cash flow from financing activities of CNY 60,000,000.00[23] - The company experienced a net decrease in cash and cash equivalents of CNY 39,621,992.14 during the reporting period[23] Shareholder Information - The company reported a total of 9,331 common shareholders at the end of the reporting period[10] - The largest shareholder, Xi'an Economic Development Group Co., Ltd., held 20.60% of the shares[10] - The company’s major shareholders include Xi'an Economic Development Group Co., Ltd., which holds a significant stake, and there are noted relationships among certain shareholders[11] Government and Educational Partnerships - The company received government subsidies amounting to ¥69,541.11 during the reporting period[7] - The company has signed an agreement with Xi'an Jiaotong University to transition its subsidiary, City College, into an independent private higher education institution, with a resource usage fee of 15% of tuition fees[12] - The company plans to report the application for the college's transition to the Ministry of Education after meeting the necessary conditions[13] Cost and Expense Management - Total operating costs for the first three quarters of 2021 were ¥137,203,394.62, up 13.88% from ¥120,501,712.28 in the previous year[19] - Payments to employees increased to CNY 69,960,846.12 from CNY 52,052,692.07, reflecting a rise of 34.4% in labor costs[22] - The company reported a credit impairment loss of ¥450,393.04, compared to a gain of ¥26,116.83 in the previous year[19]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 113,737,324.99, representing an increase of 11.81% compared to CNY 101,728,246.27 in the same period last year[17]. - The net profit attributable to shareholders of the listed company decreased by 33.91% to CNY 10,983,901.25 from CNY 16,618,622.57 in the previous year[17]. - The basic earnings per share for the first half of 2021 was CNY 0.1759, down 33.90% from CNY 0.2661 in the same period last year[18]. - The weighted average return on net assets decreased by 4.57 percentage points to 5.9787% from 10.5456% in the previous year[18]. - The net profit attributable to the parent company was CNY 10,983,901.25, a decrease of 33.91% year-on-year[28]. - The net profit attributable to the parent company after deducting non-recurring gains and losses was CNY 10,831,530.90, down 33.10% year-on-year[28]. - The company reported a decrease of 33.10% in the net profit after deducting non-recurring gains and losses, amounting to CNY 10,831,530.90 compared to CNY 16,190,676.65 in the previous year[17]. - The total profit for the first half of 2021 was CNY 15,578,910.14, a decline of 31.8% from CNY 22,818,867.63 in the same period of 2020[99]. Cash Flow and Assets - The net cash flow from operating activities was negative at CNY -59,434,941.47, compared to CNY -43,704,318.28 in the same period last year[17]. - The total assets at the end of the reporting period were CNY 777,840,895.66, a decrease of 2.73% from CNY 799,669,594.49 at the end of the previous year[17]. - The company's cash flow from operating activities was negative at CNY -59,434,941.47, worsening from CNY -43,704,318.28 in the previous year[43]. - The cash and cash equivalents decreased to CNY 135,940,047.02 from CNY 321,002,145.98, representing a decline of about 57.6%[90]. - The total liabilities were RMB 1,002,005,840.66, compared to RMB 1,076,547,300.10 at the end of 2020, showing a reduction of about 6.9%[91]. - The company's current assets totaled RMB 143,784,969.72, down from RMB 336,555,006.86 at the end of 2020, indicating a significant reduction of approximately 57.3%[90]. Business Operations - The main business of the company is higher education, with the Xi'an Jiaotong University City College being a significant contributor to revenue[28]. - The company holds a 70% stake in Xi'an Jiaotong University City College, which is a full-time independent college approved by the Ministry of Education[28]. - The independent college model allows for flexible operation and aims to meet diverse educational needs, contributing to the growth of the private education sector[24]. - The revenue sources for the City College primarily include student tuition and accommodation fees, along with other educational income and government subsidies[29]. - The company continues to focus on the development of its higher education business amidst competitive pressures in the market[24]. - The company is transitioning its Xi'an Jiaotong University City College to an independent private undergraduate institution, with plans to submit the application to the Ministry of Education after meeting the necessary conditions[35]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 10,408[79]. - The largest shareholder, Xi'an Economic Development Group, holds 12,868,062 shares, accounting for 20.60% of the total shares[81]. - The second-largest shareholder, Zhou Yuguang, holds 2,729,800 shares, representing 4.37% of the total shares[81]. - The company did not propose any profit distribution or capital reserve transfer plans for the first half of 2021, with no dividends or stock bonuses declared[66]. Regulatory and Compliance - The company has maintained compliance with regulations set by the China Securities Regulatory Commission regarding share circulation and ownership[126]. - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance, reflecting the company's financial position and operating results accurately[136]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[118]. - The company aims to enhance its internal management and risk management to control costs and improve operating profits amid intense market competition[37]. Research and Development - The company’s R&D expenses for the first half of 2021 were CNY 39,355,839.35, compared to CNY 33,002,658.72 in the first half of 2020[98]. - The company is committed to improving educational quality and has implemented new talent cultivation models to meet modern technological and local economic needs[38]. Financial Management - The company has initiated new strategies for capital increase through retained earnings and capital reserves[117]. - The overall financial health of the company remains strong, with a focus on sustainable growth and profitability in the upcoming periods[118].

西安博通资讯股份有限公司 2021 年第一季度报告 公司代码：600455 公司简称：博通股份 西安博通资讯股份有限公司 2021 年第一季度报告 1 / 20 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 9 | 非经常性损益项目和金额 √适用 □不适用 项目 本期金额 说明 越权审批，或无正式批准文件，或偶发性的税收返还、减免 计入当期损益的政府补助，但与公司正常经营业务密切相关，符合国 家政策规定、按照一定标准定额或定量持续享受的政府补助除外 71,974.31 计入当期损益的对非金融企业收取的资金占用费 企业取得子公司、联营企业及合营企业的投资成本小于取得投资时应 享有被投资单位可辨认净资产公允价值产生的收益 西安博通资讯股份有限公司 2021 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 3 / 20 本报告期末 上年度末 本报告期末比上 年度末增减(%) 总资产 755,197,290.99 799,669,594.49 -5.56 归属于上市公司股东的净资产 179, ...

Financial Performance - The company's operating revenue for 2020 was CNY 206,326,686.33, representing a 12.17% increase compared to CNY 183,941,198.98 in 2019[22] - The net profit attributable to shareholders for 2020 was CNY 28,946,660.50, a significant increase of 65.58% from CNY 17,481,573.10 in 2019[22] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 27,934,604.69, up 83.87% from CNY 15,192,477.40 in 2019[22] - Basic earnings per share increased by 65.59% to CNY 0.4635 in 2020 compared to CNY 0.2799 in 2019[24] - Diluted earnings per share also rose by 65.59% to CNY 0.4635 in 2020 from CNY 0.2799 in 2019[24] - The weighted average return on equity increased by 5.24 percentage points to 17.68% in 2020 from 12.44% in 2019[24] - The net profit attributable to shareholders for Q4 2020 was CNY 6,831,220.60, showing a significant increase from CNY 5,496,817.33 in Q3 2020[25] - Total operating income for Q4 2020 reached CNY 55,671,348.00, up from CNY 48,927,092.06 in Q3 2020[25] - The company achieved a total revenue of CNY 206,326,686.33 in 2020, representing a year-on-year increase of 12.17%[49] - The net profit attributable to the parent company was CNY 28,946,660.50, which is a 65.58% increase compared to the previous year[52] Assets and Liabilities - As of the end of 2020, the total assets amounted to CNY 799,669,594.49, reflecting a 4.59% increase from CNY 764,592,533.89 at the end of 2019[22] - The net assets attributable to shareholders increased by 19.39% to CNY 178,226,097.50 from CNY 149,279,437.00 at the end of 2019[22] - The company's total assets included no overseas assets, maintaining a domestic focus[44] - The company reported a total debt of 299,731,917.80 CNY, which includes principal and interest owed by the Xi'an Jiaotong University City College as of the reporting period[116] - Total liabilities decreased slightly to ¥540,522,167.16 in 2020 from ¥545,724,395.99 in 2019, a reduction of approximately 1.0%[200] Cash Flow - The net cash flow from operating activities decreased by 46.37% to CNY 54,657,353.46 from CNY 101,913,743.86 in 2019[22] - The company's cash flow from operating activities decreased by 46.37% to CNY 54,657,353.46, primarily due to increased payments for educational resource service fees[53] - The cash flow from operating activities in Q3 2020 was CNY 72,115,080.90, a significant recovery compared to Q2 2020's negative cash flow of CNY -15,368,449.75[25] - Cash inflow from operating activities increased by CNY 18,911,661.72, or 8.90%, mainly due to increased revenue from the subsidiary[70] Education Sector Focus - The company operates primarily in higher education, with a 70% stake in Xi'an Jiaotong University City College, which is the main revenue driver[30] - The main business revenue from higher education was CNY 195,783,788.91, up 11.83% year-on-year[50] - The City College achieved operating revenue of CNY 195,783,788.91 in 2020, an increase of 11.83% compared to the previous year[77] - The total number of students enrolled at the City College increased to over 9,560, driven by higher tuition fees and a greater number of new admissions[77] - The college offers 33 undergraduate programs across 10 departments, focusing on engineering, management, arts, and healthcare, enhancing its social reputation and influence[36] Strategic Initiatives and Risks - The company has acknowledged potential risks in its future development plans, which are detailed in the report[8] - The company is committed to closely monitoring policies related to the classification management of private education and its impact on operations[35] - The transition of independent colleges is a national policy trend, with the Ministry of Education and Shaanxi Province increasing efforts to promote this initiative[40] - The company acknowledges potential risks related to policy changes in the private education sector and the impact of the COVID-19 pandemic on its operations[88] - The company plans to continue monitoring macroeconomic conditions and adjust its business strategies accordingly to mitigate risks associated with economic fluctuations[93] Governance and Management - The company has established processes and systems related to safety production, product quality, and employee rights protection, contributing to sustainable development[125] - The company has strengthened its internal control and governance structure, complying with relevant regulations[162] - The board established a performance evaluation mechanism for senior management, linking compensation to annual operational goals and profitability[177] - The company maintains independence from its controlling shareholder in business, personnel, assets, and financial aspects[176] Shareholder Information - The company has not proposed any cash dividends or stock bonuses for the years 2018, 2019, and 2020, reflecting a focus on retaining earnings[100] - The total number of ordinary shareholders at the end of the reporting period was 11,969, an increase from 11,559 at the end of the previous month[130] - The largest shareholder, Xi'an Economic Development Group Co., Ltd., held 12,868,062 shares, representing 20.60% of the total shares[132] Future Outlook - The company plans to achieve a revenue target of CNY 185 million for 2021, with cost control set at CNY 172 million[86] - The company provided a positive outlook for 2021, projecting a revenue growth of 15% to 1.725 billion RMB, driven by new product launches and market expansion strategies[149] - The company plans to focus on market expansion and new product development in the upcoming fiscal year[200]

Financial Performance - Operating income for the first nine months rose by 11.59% to CNY 150,655,338.33 compared to the same period last year[5]. - Net profit attributable to shareholders increased by 21.46% to CNY 22,115,439.90 compared to the same period last year[5]. - Basic earnings per share increased by 21.47% to CNY 0.3541 compared to the same period last year[5]. - The weighted average return on equity increased by 0.8706 percentage points to 13.7931% compared to the same period last year[5]. - The company reported a net profit improvement, with undistributed profits increasing by 22,115,439.90 RMB, resulting in a total of -44,071,184.21 RMB[10]. - The company reported a net loss of RMB 44,071,184.21, an improvement from a loss of RMB 66,186,624.11 in the previous year, indicating a reduction in losses by approximately 33.4%[23]. - The company anticipates continued growth in revenue and profitability for the upcoming quarters, driven by market expansion and new product development initiatives[26]. Assets and Liabilities - Total assets increased by 2.06% to CNY 780,320,835.29 compared to the end of the previous year[5]. - Current assets totaled RMB 314,812,962.04, up from RMB 293,160,701.53, indicating an increase of about 7.2% year-over-year[22]. - The company's cash and cash equivalents reached RMB 296,448,953.60, compared to RMB 274,106,463.77 at the end of 2019, reflecting a growth of approximately 8.2%[21]. - Total liabilities decreased to RMB 530,334,832.04 from RMB 545,724,395.99, a reduction of approximately 2.8%[22]. - The total liabilities to equity ratio improved to approximately 2.12 from 2.49, indicating a strengthening of the company's financial position[22]. - The company’s non-current assets totaled RMB 465,507,873.25, a slight decrease from RMB 471,431,832.36, indicating a decline of approximately 1.6%[22]. Shareholder Information - The total number of shareholders is 12,889[9]. - The largest shareholder, Xi'an Economic Development Group Co., Ltd., holds 20.60% of the shares, totaling 12,868,062 shares[9]. - The total number of shareholders at the end of the reporting period was not specified, but the company maintains a stable shareholder structure[8]. Cash Flow - Net cash flow from operating activities decreased by 76.86% to CNY 28,410,762.62 compared to the same period last year[5]. - The cash flow from tax refunds increased by 178.94% to ¥192,265.85 from ¥68,926.20, primarily due to the increase in VAT refunds related to computer information business[14]. - Cash received from other operating activities decreased by 35.85% to ¥6,430,149.27 from ¥10,023,630.35, attributed to a reduction in cash received by the subsidiary urban college[14]. - The company had a net cash outflow from financing activities of CNY 15,205,892.71, with cash outflows of CNY 15,000,000.00 for debt repayment[33]. - The total cash and cash equivalents at the end of Q3 2020 were CNY 296,448,953.60, slightly up from CNY 296,127,960.57 at the end of Q3 2019[33]. Expenses - Sales expenses decreased by 78.93%, totaling 546,452.86 RMB, due to a reduction in business personnel[11]. - Research and development expenses were eliminated, previously at 1,063,317.54 RMB, reflecting a strategic shift in spending[11]. - Other income decreased by 30.58%, amounting to 398,861.79 RMB, due to reduced government subsidies received[11]. - Research and development expenses for the first three quarters of 2020 were ¥1,063,317.54, compared to ¥349,104.59 in the same period of 2019, indicating a significant increase in investment in R&D[26]. - Sales expenses for Q3 2020 were CNY 101,660.91, a significant decrease from CNY 779,860.29 in Q3 2019[29]. Regulatory and Strategic Changes - The amendment to the Private Education Promotion Law, effective from September 1, 2017, allows private school operators to choose between non-profit and for-profit models, significantly impacting the operational model of the urban college[15]. - The company is closely monitoring the implications of the new classification management policies for private education and will consider the comprehensive impact on the urban college's registration category[18]. - The Ministry of Education's notice on promoting the transformation of independent colleges emphasizes the importance of completing transformation plans by the end of 2020, which the company will collaborate on with Xi'an Jiaotong University and the urban college[19]. - The company implemented the new revenue recognition standard starting January 1, 2020, adjusting the financial statements accordingly[43]. - The cumulative impact of the new revenue standard was reflected in the retained earnings and related financial statement items at the beginning of 2020[43].

Financial Performance - The company's operating revenue for the first half of 2020 was ¥101,728,246.27, representing a 12.16% increase compared to ¥90,701,020.64 in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2020 was ¥16,618,622.57, which is a 23.47% increase from ¥13,459,650.15 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was ¥16,190,676.65, showing a significant increase of 47.20% compared to ¥10,999,250.60 in the same period last year[17]. - The basic earnings per share for the first half of 2020 was ¥0.2661, up 23.48% from ¥0.2155 in the previous year[18]. - The company reported a significant decrease in accounts receivable, down by 40.70% to ¥3,864,588.96 from ¥6,517,401.84, due to reclassification of receivables to contract assets[37]. - The company reported a net loss of CNY 49,568,001.54 for the first half of 2020, an improvement from a loss of CNY 66,186,624.11 in the previous period[99]. - The total comprehensive income for the first half of 2020 was ¥22,818,867.63, compared to ¥17,965,094.01 in the same period last year, reflecting overall growth in profitability[107]. Assets and Liabilities - The total assets at the end of the reporting period were ¥704,938,523.30, a decrease of 7.80% from ¥764,592,533.89 at the end of the previous year[17]. - The total liabilities decreased from CNY 545,724,395.99 to CNY 463,251,517.77, a reduction of about 15.1%[99]. - The company's total current assets as of June 30, 2020, amount to ¥239,552,162.16, a decrease from ¥293,160,701.53 at the end of 2019[96]. - The company's total non-current assets amounted to CNY 465,386,361.14, down from CNY 471,431,832.36, a decrease of approximately 1.0%[98]. - The company's retained earnings improved, with an increase in undistributed profits to -¥49,568,001.54, reflecting the net profit growth during the period[49]. Business Segments - The main business scope of the company includes computer information technology and higher education, with higher education generating greater revenue, profit, and scale compared to computer information technology[23]. - The computer information technology segment focuses on electronic government informationization, particularly in natural resource management, with major products including natural resource informationization products and middleware platforms[24]. - The higher education segment operates independently, generating revenue primarily from student tuition and accommodation fees, with a focus on undergraduate education[28]. - The city college subsidiary achieved revenue of ¥94,973,780.54, reflecting a 14.39% increase, and a net profit of ¥20,667,483.53, which is up 37.59% year-on-year[44]. Cash Flow - The company reported a net cash flow from operating activities of -¥43,704,318.28, which indicates a decline compared to -¥37,169,017.19 in the same period last year[17]. - Total cash inflow from operating activities was 8,061,167.67 RMB, while cash outflow was 51,765,485.95 RMB, resulting in a significant cash outflow[113]. - The company reported a net cash flow from investment activities of -2,946,732.50 RMB, which is a decrease from -1,458,500.94 RMB in the same period last year[113]. Shareholder Information - The total share capital remained unchanged at 62,458,000 shares[17]. - The largest shareholder, Xi'an Economic Development Group Co., Ltd., holds 12,868,062 shares, representing 20.60% of the total shares[85]. - The total number of ordinary shareholders as of the end of the reporting period is 13,056[83]. Regulatory and Compliance - The company continues to operate under the same business license since its establishment in 2000, ensuring regulatory compliance[128]. - The company adheres to the accounting standards and ensures that its financial statements reflect its financial condition accurately[144]. Challenges and Risks - The company has faced challenges in the software development market due to intense competition and previous unsuccessful major asset restructurings, impacting its computer information business and personnel[27]. - The company anticipates risks in the computer information business due to market competition and the impact of the COVID-19 pandemic[56]. - The ongoing COVID-19 pandemic has impacted business operations, including employee health risks and increased operational costs, prompting the company to implement strict preventive measures[61]. Future Outlook - The company plans to continue major asset restructuring when conditions are ripe, but faces uncertainty regarding approval and implementation risks[60]. - The company is focused on improving educational quality as a core driver for the City College's development, aligning with local economic and social needs[33]. - The company will continue to monitor policies related to private education and the classification management of independent colleges to assess their comprehensive impact[31].

Financial Performance - Net profit attributable to shareholders decreased by 24.40% to CNY 5,377,145.00 compared to the same period last year[5] - Basic earnings per share decreased by 24.41% to CNY 0.0861[5] - The weighted average return on equity decreased by 1.7166 percentage points to 3.5383%[5] - The company reported a net loss of CNY 60,809,479.09, an improvement from a loss of CNY 66,186,624.11 in the previous period[22] - Net profit for Q1 2020 was CNY 7,677,516.83, a decrease of 13.93% from CNY 8,938,087.42 in Q1 2019[29] - The net profit attributable to shareholders of the parent company was CNY 5,377,145.00, down 24.38% from CNY 7,112,745.20 in Q1 2019[29] - The company’s total comprehensive income for Q1 2020 was -18,614.25 million RMB, reflecting the overall financial challenges faced during the period[31] Revenue and Costs - Operating revenue increased by 2.44% to CNY 49,557,715.37 compared to the same period last year[5] - Total operating costs for Q1 2020 were CNY 41,948,768.30, up 5.89% from CNY 39,609,639.53 in Q1 2019[28] - Other income decreased by 64.62% to ¥68,439.60, attributed to a reduction in government subsidies received[12] - Cash received from sales and services decreased by 98.55% to ¥81,332.30 from ¥5,600,166.50, due to a decline in cash receipts from services[13] Assets and Liabilities - Total assets decreased by 4.45% to CNY 730,579,791.72 compared to the end of the previous year[5] - Total current assets were CNY 262,133,377.18, down 10.61% from CNY 293,160,701.53 at the end of 2019[21] - Current liabilities totaled CNY 501,580,301.33, a decrease of 7.69% from CNY 543,202,120.73 at the end of 2019[22] - The company’s total liabilities were CNY 504,034,136.99, a decrease of 7.67% from CNY 545,724,395.99[22] - The company’s cash and cash equivalents were CNY 244,360,226.24, down 10.87% from CNY 274,106,463.77[21] Shareholder Information - The total number of shareholders at the end of the reporting period was 15,359[10] - The largest shareholder, Xi'an Economic Development Group Co., Ltd., holds 20.60% of the shares[10] Cash Flow - Net cash flow from operating activities was negative at CNY -28,335,868.53, compared to CNY -18,067,825.71 in the previous year[5] - Cash paid for purchasing goods and services increased significantly to ¥1,986,610.17 from ¥165,221.04, indicating increased operational costs[13] - The company reported a total operating cash outflow of 29,512,454.02 million RMB in Q1 2020, compared to 25,153,457.68 million RMB in Q1 2019[32] Changes in Receivables and Inventories - Accounts receivable decreased by 34.68% to ¥4,257,073.65 from ¥6,517,401.84 due to reclassification of receivables to contract assets[11] - Inventory increased to CNY 4,785,198.21, up 13.59% from CNY 4,211,706.82[21] Regulatory and Strategic Considerations - The company is closely monitoring the impact of regulatory changes regarding the classification of private schools on its long-term development strategy[17] - The company has not disclosed any new product developments or market expansion strategies in this report[5] Accounting Standards - The company implemented new revenue and leasing standards starting January 1, 2020, affecting the classification of accounts receivable and contract liabilities[41] - The company has not made adjustments to comparative data for the first-time application of new accounting standards[46]

Financial Performance - The company's operating revenue for 2019 was CNY 183,941,198.98, representing a 2.62% increase compared to CNY 179,250,584.28 in 2018[21]. - The net profit attributable to shareholders for 2019 was CNY 17,481,573.10, a significant increase of 452.28% from CNY 3,165,324.13 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was CNY 15,192,477.40, compared to CNY 27,269.59 in 2018, indicating a substantial improvement[21]. - The net cash flow from operating activities reached CNY 101,913,743.86, up 34.42% from CNY 75,816,463.90 in 2018[21]. - The total assets of the company at the end of 2019 were CNY 764,592,533.89, an increase of 8.86% from CNY 702,386,176.95 in 2018[21]. - The net assets attributable to shareholders increased to CNY 149,279,437.00, reflecting a growth of 13.26% from CNY 131,797,863.90 in the previous year[21]. - Basic earnings per share increased by 452.07% to CNY 0.2799 in 2019 compared to CNY 0.0507 in 2018[22]. - The weighted average return on equity rose by 10.01 percentage points to 12.439% in 2019 from 2.431% in 2018[22]. - The company reported a net profit increase of 42.71% for its subsidiary, Xi'an Jiaotong University City College, with a net profit of ¥30,379,942.77[79]. - The total revenue for the City College reached ¥175,069,928.89, marking a 17.99% increase compared to the previous year[79]. Business Segments - The company’s main business segments include computer information technology and higher education, with higher education generating greater revenue and profit[31]. - The company holds a 70% stake in Xi'an Jiaotong University City College, which is a significant contributor to its higher education revenue[31]. - The higher education segment was the main driver of growth, while the computer information business faced challenges due to market competition and previous failed asset restructurings[51]. - The computer information business generated a revenue of CNY 8,871,270.09, a decrease of 71.26% year-on-year, with a corresponding cost reduction of 73.89%[51]. - The revenue model for the company's higher education business includes tuition and accommodation fees, with costs primarily related to teaching and campus development[38]. Cash Flow and Assets - The company reported a significant increase in cash and cash equivalents, totaling CNY 274,106,463.77, attributed to increased tuition fees for the 2019/2020 academic year[47]. - Accounts receivable decreased by 34.54% to CNY 6,517,401.84, primarily due to reduced receivables from the computer information technology business[47]. - The cash inflow from investment activities rose by 199.50% to 391,072.99 RMB, attributed to increased asset disposals[73]. - The company reported a net cash flow from operating activities of CNY 101,913,743.86, an increase from CNY 75,816,463.90 in the previous year[200]. Risks and Challenges - The company has faced risks that are detailed in the annual report, which should be reviewed for a comprehensive understanding of potential challenges[7]. - The company faces risks in the computer information business due to intense market competition and potential impacts from government reforms in natural resource management[93]. - The ongoing COVID-19 pandemic poses significant risks to the company's operations, including health risks for employees and students, as well as increased operational costs[98]. - The company has experienced multiple unsuccessful major asset restructurings, which have negatively impacted its core competitiveness and business development[95]. Governance and Management - The company emphasizes the importance of internal management and risk control in its information technology services related to natural resources[89]. - The company has established a governance structure that complies with relevant regulations, ensuring effective checks and balances among its governing bodies[154]. - The board of directors held six meetings during the year, with all members attending and fulfilling their responsibilities[158]. - The company has independent financial accounting departments and systems, ensuring compliance with tax regulations[163]. Shareholder Information - The company proposed no profit distribution for 2019 due to an accumulated undistributed profit of CNY -66,186,624.11 as of December 31, 2019[5]. - The company has not proposed any cash profit distribution plans during the reporting period despite having positive profits available for distribution[106]. - The largest shareholder, Xi'an Economic Development Group Co., Ltd., holds 12,868,062 shares, representing 20.60% of the total shares[127]. - The total number of ordinary shareholders at the end of the reporting period is 5,765, a decrease from 15,359 at the end of the previous month[125]. Employee and Compensation - The total pre-tax compensation for the board members and senior management during the reporting period amounted to 1.1838 million CNY[141]. - The company has a total of 569 employees, with 31 in the parent company and 538 in major subsidiaries[148]. - The company emphasizes a performance-based compensation system, linking employee pay to overall company performance, with a focus on efficiency and effectiveness[150]. - The company actively promotes employee training and development, encouraging participation in professional qualifications with financial support[151].

Financial Performance - Operating revenue for the first nine months reached CNY 135,008,161.76, a 4.66% increase from the same period last year[5] - Net profit attributable to shareholders surged by 163.42% to CNY 18,208,022.30 compared to the previous year[5] - Basic earnings per share increased by 163.42% to CNY 0.29152[5] - The company reported a significant increase in net profit from recurring operations, which rose by 179.13% to CNY 15,616,334.40[5] - The company reported a total profit of ¥7,657,023.15 for Q3 2019, down from ¥10,663,157.57 in Q3 2018, representing a decline of 28.2%[26] - Net profit for Q3 2019 was ¥7,532,494.32, compared to ¥10,663,157.57 in Q3 2018, indicating a decrease of 29.98%[26] - The total comprehensive income for Q3 2019 was ¥7,532,494.32, down from ¥10,663,157.57 in Q3 2018, a decline of 29.98%[27] Assets and Liabilities - Total assets increased by 13.64% to CNY 798,188,839.62 compared to the end of the previous year[5] - Total liabilities rose to CNY 580,417,946.70, compared to CNY 510,112,872.36, marking an increase of about 13.76%[19] - Current liabilities totaled CNY 577,827,231.83, up from CNY 507,066,838.70, reflecting a growth of approximately 13.87%[19] - The total non-current assets amounted to CNY 476,823,319.06, down from CNY 487,318,776.73, indicating a decrease of about 2.03%[18] Cash Flow - Net cash flow from operating activities improved by 29.33% to CNY 122,786,833.19 for the first nine months[5] - Cash received from tax refunds decreased by 67.19% to ¥68,926.20 from ¥210,090.18, due to a reduction in immediate tax refunds[10] - Cash paid for purchasing goods and services dropped by 48.32% to ¥3,472,643.94 from ¥6,719,150.58, reflecting a decrease in cash outflows[10] - The net cash flow from operating activities for the first three quarters of 2019 was -CNY 4,994,573.30, improving from -CNY 9,000,041.97 in the previous year[33] - The company reported cash outflows from operating activities totaling CNY 9,963,686.79, down from CNY 23,041,004.03 in the same period last year[33] Shareholder Information - The total number of shareholders is 4,677[8] - The largest shareholder, Xi'an Economic Development Group, holds 12,868,062 shares, representing 20.60% of total shares[8] - The total number of shareholders at the end of the reporting period was not specified, but the company maintains a stable shareholder structure[7] Expenses - R&D expenses decreased by 69.37% to ¥1,063,317.54 from ¥3,472,022.65 due to reduced spending in computer information business[10] - Sales expenses dropped by 66.16%, totaling ¥2,593,986.89, reflecting reduced personnel costs in the computer information business[9] - Other income fell by 45.57% to ¥574,542.03 from ¥1,055,632.04, attributed to a decrease in government subsidies received[10] Regulatory and Strategic Outlook - The company is closely monitoring the impact of regulatory changes regarding the classification of private schools, which may affect its long-term strategy[11] - Future outlook indicates a focus on market expansion and new product development to drive revenue growth[26]