Financial Performance - Operating revenue for the period was ¥161,991,259.77, representing a significant increase of 54.75% year-on-year[12]. - Net profit attributable to shareholders was -¥2,911,872.41, an improvement from -¥38,752,484.05 in the same period last year[12]. - The net profit for Q1 2021 was 454,710.62, a significant recovery from a loss of 35,703,874.88 in Q1 2020[44]. - The company reported a net profit of -2,911,872.41 RMB, a significant decrease compared to -38,752,484.05 RMB in the previous period, indicating a recovery trend[46]. - Total revenue for the first quarter of 2021 was 5,243,218.73 RMB, up from 3,015,151.91 RMB in the same quarter of 2020, representing a year-over-year increase of approximately 74.0%[50]. Cash Flow - Net cash flow from operating activities was -¥63,962,203.54, showing a reduction in cash outflow compared to -¥171,530,267.26 in the previous year[12]. - The net cash flow from operating activities was -32,231,297.70 RMB, an improvement from -128,536,844.68 RMB in the same quarter last year[62]. - Total cash inflow from operating activities was 53,862,595.14 RMB, down 28.8% from 75,506,848.57 RMB year-over-year[62]. - The total cash outflow from operating activities was 86,093,892.84 RMB, a decrease of 57.8% compared to 204,043,693.25 RMB in the previous year[62]. - The cash inflow from operating activities totaled 164,792,533.68 RMB, down from 239,833,476.27 RMB in the same quarter of 2020[55]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,005,763,352.20, an increase of 1.53% compared to the end of the previous year[12]. - The total assets as of March 31, 2021, were 1,490,146,040.09, slightly down from 1,500,190,270.25 at the end of 2020[38]. - Total liabilities increased to 528,448,572.68 in Q1 2021 from 520,328,068.36 in Q1 2020, reflecting a rise of approximately 1.6%[38]. - The company's lease liabilities increased to ¥76,386,149.50, reflecting the first-time implementation of new leasing standards[20]. - Total liabilities amounted to approximately $520.33 million, with a slight increase to $521.40 million in the latest report[79]. Shareholder Information - The total number of shareholders at the end of the reporting period was 165,834[16]. - The largest shareholder, Zhang Changhong, held 35.46% of the shares, amounting to 704,792,657 shares[17]. - The total equity attributable to shareholders was 961,697,467.41, down from 979,862,201.89 at the end of 2020[40]. Research and Development - Research and development expenses increased by 29.10% to ¥32,488,065.48 from ¥25,164,660.95 in the previous period[20]. - Research and development expenses for Q1 2021 were 32,488,065.48, up from 25,164,660.95 in Q1 2020, marking an increase of approximately 29.1%[44]. - The company incurred research and development expenses of 1,509,947.13 RMB, which is a 69.9% increase compared to 888,286.23 RMB in the previous year[50]. Government Subsidies and Other Income - The company received government subsidies amounting to ¥1,694,255.64 during the reporting period[15]. - Other income rose by 81.51% to ¥2,217,034.86, up from ¥1,221,430.44 in the previous period, mainly due to increased government subsidies[20]. - The company reported a total of ¥2,614,140.17 in non-operating income and expenses[15]. Comprehensive Income - The total comprehensive income for the period was -3,481,676.17 RMB, compared to -34,869,966.51 RMB in the previous period, indicating a significant reduction in losses[46]. - The company reported a financial expense of -5,957,771.15 RMB, which is an increase from -4,951,698.07 RMB in the previous year[50].

Financial Performance - In 2020, the company's operating revenue was RMB 707,762,419.19, an increase of 3.57% compared to RMB 683,339,179.47 in 2019[25] - The net profit attributable to shareholders of the listed company for 2020 was RMB 72,480,093.13, representing a significant increase of 1,115.25% from RMB 5,964,208.48 in 2019[25] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 63,930,229.90, up 21.10% from RMB 52,792,164.24 in the previous year[25] - The net cash flow from operating activities was negative RMB 21,972,395.90, a decrease of 104.35% compared to RMB 505,310,819.34 in 2019[25] - As of the end of 2020, the net assets attributable to shareholders were RMB 1,516,853,797.43, an increase of 3.31% from RMB 1,468,282,595.94 at the end of 2019[25] - The total assets at the end of 2020 were RMB 1,975,521,413.84, a decrease of 3.67% from RMB 2,050,809,340.47 in 2019[25] - Basic earnings per share for 2020 were RMB 0.036, a significant increase of 1,100.00% from RMB 0.003 in 2019[26] - The weighted average return on net assets was 4.90% in 2020, an increase of 4.49 percentage points from 0.41% in 2019[26] Operational Highlights - In Q1 2020, the company's operating revenue was approximately CNY 104.68 million, which increased to CNY 254.21 million in Q4 2020, showing a growth of 142.6% quarter-over-quarter[29] - The net profit attributable to shareholders was negative CNY 38.75 million in Q1 2020, turning positive to CNY 56.92 million by Q4 2020, indicating a significant recovery[29] - The net cash flow from operating activities improved from negative CNY 171.53 million in Q1 2020 to positive CNY 104.25 million in Q4 2020, reflecting enhanced operational efficiency[29] Business Development - The company has established a comprehensive internet financial information service platform, focusing on securities information services, big data, and overseas business expansion[38] - The company has acquired local financial information service providers in Hong Kong, Singapore, and Tokyo, enhancing its international market presence[38] - The financial information service platform includes various products such as "Dazhihui 365" and "Dazhihui APP," which provide timely financial data and analysis tools to users[39] - The company aims to leverage its big data advantages to offer integrated financial information services, targeting banks, insurance companies, and other financial institutions[38] - The company has established business cooperation with over 1,000 domestic and foreign institutions, enhancing its market presence in data services[55] Research and Development - The company's R&D expenses accounted for 17.61% of its operating revenue, reflecting its commitment to technological advancement in financial information services[49] - The company has increased its investment in R&D, with R&D expenses rising by 4.97% to 124.62 million RMB[59] - Research and development expenses totaled ¥124.62 million, representing 17.61% of total revenue, with 668 R&D personnel making up 68.16% of the company's workforce[75] Revenue Streams - Financial information services revenue reached ¥696.66 million, with a year-over-year increase of 3.76% and a gross margin of 66.53%, up by 1.26 percentage points[63] - Live streaming platform revenue was ¥6.49 million, showing a significant year-over-year increase of 22.04%, but with a gross margin of only 9.18%, which improved by 55.86 percentage points[63] - The revenue from advertising surged by 93.64% year-over-year to ¥153.99 million, with costs increasing by 138.15%[63] - Domestic revenue accounted for ¥447.46 million, reflecting a 4.96% increase year-over-year, while gross margin improved by 1.24 percentage points to 69.53%[63] - The overseas revenue was ¥255.69 million, with a modest year-over-year increase of 2.12% and a gross margin of 59.83%, up by 2.06 percentage points[63] Risk Management - The company faced various operational risks, which are detailed in the report[10] - The company acknowledges risks related to market volatility affecting its operating performance, emphasizing the need for continuous improvement in its securities information service platform[96] - The company plans to enhance its internal software and hardware management standards to mitigate risks related to internet system security[101] - The company will strengthen risk control and compliance management through improved institutional frameworks and training[95] Social Responsibility - The company has actively participated in social responsibility initiatives, contributing to local employment and charitable donations[131] - The company donated RMB 100,000 to support a poultry breeding project in Guizhou Province as part of its poverty alleviation efforts[131] - The company plans to continue its poverty alleviation efforts in 2021, focusing on social responsibility and communication with stakeholders[137] - The company has received recognition as an "Outstanding Enterprise in Poverty Alleviation" for its contributions[136] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 165,336, a decrease from 165,834 at the end of the previous month[146] - The largest shareholder, Zhang Changhong, holds 704,792,657 shares, representing 35.46% of the total share capital, and has pledged 70,000,000 shares[149] - Zhejiang Xinhuh Group reduced its holdings by 39,747,500 shares, holding 308,560,400 shares, which is 15.52% of the total[149] - Zhang Changhong and his associates hold a total of 841,056,659 shares, accounting for 42.31% of the total share capital[156] Governance and Compliance - The company held 1 annual general meeting and 4 temporary general meetings during the reporting period, ensuring compliance with legal and regulatory requirements[184] - The board of directors consists of 7 members, including 3 independent directors, meeting legal requirements[184] - The company disclosed 56 temporary announcements during the reporting period, adhering to information disclosure regulations[184] - The internal control audit report received a standard unqualified opinion, indicating effective internal controls[192] Future Outlook - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share by 2023[197] - New product launches are expected to contribute an additional 200 million in revenue in the next fiscal year[197] - The company aims to enhance its online service platform, focusing on the Huixin product as a key innovation driver[95] - The strategy includes expanding product offerings to include futures, precious metals, foreign exchange, and funds, enhancing market competitiveness[95]

Financial Performance - Net profit attributable to shareholders was CNY 15,555,639.04, a significant recovery from a loss of CNY 85,148,631.70 in the same period last year[14]. - Operating revenue for the first nine months was CNY 453,555,567.71, representing a year-on-year increase of 1.66%[14]. - The company reported a basic earnings per share of CNY 0.008, compared to a loss of CNY -0.043 per share in the previous year[14]. - Total operating revenue for Q3 2020 was ¥188,440,846.35, an increase of 20.6% compared to ¥156,193,958.40 in Q3 2019[46]. - Net profit for Q3 2020 reached ¥38,001,984.25, compared to a net loss of ¥7,159,187.11 in Q3 2019[50]. - The company achieved a total profit of CNY 17,785,647.23 in Q3 2020, compared to a total loss of CNY -17,002,560.63 in Q3 2019[55]. Cash Flow - The net cash flow from operating activities was negative at CNY -126,220,339.21, a decline of 130.54% compared to the previous year[14]. - Cash flow from operating activities for the first three quarters of 2020 was CNY 557,391,723.40, compared to CNY 453,181,854.52 in the same period of 2019[60]. - The net cash flow from operating activities was -114,696,228.78 RMB, compared to 346,863,415.69 RMB in the same period last year, indicating a significant decline in operational performance[67]. - The company reported a total cash inflow from operating activities of 214,924,991.16 RMB, a decrease from 605,100,886.48 RMB in the previous year[64]. - The cash flow from investment activities showed a net outflow of 24,413,724.23 RMB, compared to a net inflow of 10,661,061.02 RMB in the previous year[64]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,896,757,982.96, a decrease of 7.51% compared to the end of the previous year[14]. - The total liabilities decreased from ¥490,846,161.38 to ¥391,904,061.71, reflecting a reduction in financial obligations[35]. - Total liabilities amounted to CNY 421,554,994.10, a decrease from CNY 582,526,744.53 in the previous period[37]. - Current assets totaled CNY 645,321,028.36, slightly up from CNY 640,762,308.35[41]. - Non-current assets decreased to CNY 788,790,157.01 from CNY 794,134,956.16[41]. Shareholder Information - The total number of shareholders at the end of the reporting period was 184,119, with the top ten shareholders holding significant stakes[17]. - The largest shareholder, Zhang Changhong, held 35.46% of the shares, while Zhejiang Xinhuh Group Co., Ltd. held 15.52%[17]. - The total equity attributable to shareholders was CNY 961,135,400.57, up from CNY 937,323,279.51[43]. Research and Development - The company has ongoing research and development efforts, although specific new products or technologies were not detailed in the provided data[39]. - Research and development expenses for Q3 2020 were ¥26,747,932.10, slightly up from ¥26,440,715.48 in Q3 2019[46]. - Research and development expenses for the first three quarters of 2020 totaled CNY 2,551,680.45, with no corresponding figure for the same period in 2019[55]. Other Financial Metrics - The weighted average return on net assets was 1.05%, recovering from -6.07% in the same period last year[14]. - Other income decreased by 39.33% to ¥3,383,118.78, primarily due to a reduction in government subsidies received compared to the previous year[24]. - The company reported a financial expense of CNY -4,732,006.79 in Q3 2020, compared to CNY -4,215,740.98 in Q3 2019[55]. - The company experienced a significant increase in prepayments, which rose by 83.10% to CNY 14,604,648.45 compared to the previous year[20].

Financial Performance - The company's operating revenue for the first half of 2020 was ¥265,114,721.36, a decrease of 8.57% compared to ¥289,955,036.53 in the same period last year[23]. - The net profit attributable to shareholders of the listed company was -¥22,446,345.21, showing a significant improvement from -¥77,989,444.59 in the previous year[23]. - The basic earnings per share for the reporting period was -¥0.011, compared to -¥0.039 in the same period last year[25]. - The total operating revenue for the first half of 2020 was CNY 265,114,721.36, a decrease of 8.6% compared to CNY 289,955,036.53 in the same period of 2019[120]. - Net profit for the first half of 2020 was a loss of CNY 22,446,345.21, compared to a loss of CNY 77,991,904.61 in the same period of 2019, indicating an improvement[120]. - The total comprehensive income for the first half of 2020 was a loss of CNY 17,443,948.99, compared to a loss of CNY 76,076,750.72 in the same period of 2019[120]. - The company reported a total comprehensive income of ¥6,026,473.83 for the first half of 2020, contrasting with a total comprehensive loss of ¥71,119,413.02 in the previous year[125]. Cash Flow and Financial Position - The net cash flow from operating activities was -¥148,771,088.29, a decline from a positive cash flow of ¥399,574,070.53 in the same period last year, primarily due to substantial litigation compensation payments[23]. - The company reported a net cash outflow from operating activities of CNY -148.77 million, a significant decrease compared to the previous year's inflow[51]. - The cash flow from operating activities showed a net outflow of ¥148,771,088.29, compared to a net inflow of ¥399,574,070.53 in the same period last year[126]. - The cash and cash equivalents at the end of the period were ¥1,083,214,173.90, down from ¥1,249,388,924.43 at the beginning of the period[129]. - The total liabilities decreased from ¥582,526,744.53 to ¥448,217,414.94, a decline of around 23.1%[110]. - The company's expected liabilities decreased significantly from ¥88,828,902.03 to ¥33,669,726.01, a reduction of approximately 62.1%[114]. - The total current assets decreased from ¥640,762,308.35 to ¥559,577,984.14, a reduction of approximately 12.7%[112]. Assets and Investments - The total assets at the end of the reporting period were ¥1,899,056,061.89, down 7.40% from ¥2,050,809,340.47 at the end of the previous year[23]. - The company's trading financial assets increased to ¥127,845,837.03, representing 6.73% of total assets, up 69.48% from ¥75,433,260.26 (3.92%) in the same period last year[54]. - The company has a long-term equity investment of ¥100,000,000.00, unchanged from the previous period[105]. - The company's inventory increased to ¥295,704.19 from ¥71,579.49[105]. Business Operations and Market Position - The company is a leading internet financial information service provider in China, focusing on three main business segments: securities information services, big data and data engineering services, and overseas operations[32]. - The mobile app "Dazhihui" has nearly 10 million monthly active users, covering global financial market information including A-shares, Hong Kong stocks, US stocks, funds, futures, foreign exchange, and bonds[33]. - The company has a market share of nearly 70% in Hong Kong through its subsidiary, Asdaq Network, which provides comprehensive financial information and analysis tools[38]. - The company served over 1,000 domestic and international institutional clients, maintaining its leading position in the financial database and data product service sector[45]. - The company has expanded its international presence by acquiring local financial information service providers in Hong Kong, Singapore, and Tokyo, enhancing its global service capabilities[32]. Research and Development - R&D expenses accounted for 18.75% of operating revenue, reflecting the company's commitment to innovation[44]. - The research and development expenses for the first half of 2020 were ¥1,704,878.59, indicating continued investment in innovation despite the overall financial challenges[123]. Legal and Compliance Issues - As of July 31, 2020, the company has received a total of 3,819 lawsuits with claims amounting to ¥644,425,900, and has recognized a total compensation liability of ¥307,574,100[60]. - The company reached a settlement agreement with 1,300 individual plaintiffs, agreeing to compensate CNY 101.77 million as per the mediation document[71]. - The company was ordered to compensate a total of CNY 228.94 million to 1,564 plaintiffs in the first-instance judgment regarding securities false statement liability disputes[75]. Social Responsibility - The company donated CNY 1 million to the Shanghai Red Cross for COVID-19 relief efforts[47]. - The company has actively participated in social responsibility initiatives, including donations to educational projects and agricultural development[88]. - The company donated 150,000 yuan to support agricultural projects in Guizhou Province, creating job opportunities for local farmers[88]. - The company plans to continue its social responsibility efforts and enhance the effectiveness of its poverty alleviation projects in the second half of 2020[89]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 168,560[96]. - The largest shareholder, Zhang Changhong, holds 704,792,657 shares, accounting for 35.46% of the total shares[96]. - The company did not propose any profit distribution plan or capital reserve transfer to increase share capital during the reporting period[9]. Accounting Policies and Changes - The company has implemented new revenue recognition standards starting January 1, 2020, which are not expected to significantly impact financial statements[93]. - The company’s accounting policies comply with the requirements of enterprise accounting standards, ensuring accurate reflection of financial status and operational results[162]. - There have been no changes in the total number of shares or share capital structure during the reporting period[94].

Financial Performance - Operating revenue for the period was CNY 104,676,769.70, representing a decline of 22.16% year-on-year[8] - Net profit attributable to shareholders of the listed company was a loss of CNY 38,752,484.05, compared to a loss of CNY 6,808,014.44 in the same period last year[8] - Basic earnings per share were CNY -0.019, compared to CNY -0.003 in the same period last year[8] - The weighted average return on net assets was -2.67%, compared to -0.47% in the previous year[8] - The net profit for the company was reported at -38.75 million, compared to a net loss of -6.81 million in the same period last year, indicating a significant decline in profitability[36] - The net profit attributable to the parent company was -38.75 million, compared to -6.81 million in the same quarter last year, showing a worsening financial position[38] - The total comprehensive income attributable to the parent company was -34.87 million, compared to -13.10 million in the previous year, indicating a decline in overall financial health[38] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,881,996,164.07, a decrease of 8.23% compared to the end of the previous year[8] - The company has a total asset of CNY 1,881,996,164.07, down from CNY 2,050,809,340.47 in the previous period[20] - The company has a total liability of CNY 356,932,724.18, down from CNY 490,846,161.38 in the previous period[20] - Total liabilities decreased to CNY 448,583,534.64 from CNY 582,526,744.53, a reduction of about 22.9%[32] - The company's total equity attributable to shareholders decreased to CNY 1,433,412,629.43 from CNY 1,468,282,595.94, a decline of approximately 2.4%[32] Cash Flow - Net cash flow from operating activities was negative CNY 171,530,267.26, a decrease of 144.48% compared to the previous year[8] - The net cash flow from operating activities for Q1 2020 was -171,530,267.26 RMB, compared to 385,620,745.97 RMB in Q1 2019[47] - Total cash inflow from operating activities was 239,833,476.27 RMB, while cash outflow was 411,363,743.53 RMB, resulting in a net cash flow deficit[47] - The cash flow from investment activities showed a net outflow of -49,475,836.55 RMB in Q1 2020, compared to a net inflow of 65,581,032.70 RMB in Q1 2019[47] - The net cash increase in cash and cash equivalents for the period was -127,570,933.59 RMB, compared to an increase of 363,145,009.00 RMB in the previous period[53] Shareholder Information - The top shareholder, Zhang Changhong, holds 704,792,657 shares, representing 35.46% of the total shares[10] - The total number of shareholders at the end of the reporting period was 180,807[10] Revenue Recognition and Adjustments - The company has recognized a contract liability of CNY 148,355,431.91 due to adjustments in new revenue recognition standards[16] - The company implemented new revenue recognition standards starting January 1, 2020, affecting the classification of prepayments to contract liabilities[59] - The company reclassified "prepayments" to "contract liabilities" in accordance with the new revenue recognition standards effective January 1, 2020[66] - The company has adjusted its revenue recognition policy, leading to a significant reduction in advance receipts, which decreased by 93.83% to CNY 8,219,925.64 from CNY 133,209,409.98[16] Expenses - The total operating cost for the period was approximately 143.17 million, an increase from 138.57 million in the previous period, reflecting a rise of about 4%[36] - The company reported a significant increase in sales expenses, which rose by 28.89% to CNY 28,033,670.15 from CNY 21,750,799.01[16] - The company experienced a significant increase in sales expenses, which rose to 28.03 million from 21.75 million, marking an increase of approximately 29%[36] - Research and development expenses increased to 25.16 million, up from 24.57 million, representing a growth of approximately 2.5%[36] Government Support - The company received government subsidies amounting to CNY 641,265.87 during the period[8]

Financial Performance - In 2019, the company's operating revenue was RMB 683,339,179.47, an increase of 15.11% compared to RMB 593,638,132.46 in 2018[24] - The net profit attributable to shareholders of the listed company for 2019 was RMB 5,964,208.48, a decrease of 94.49% from RMB 108,313,396.16 in 2018[24] - The net cash flow from operating activities was RMB 505,310,819.34, compared to a negative cash flow of RMB -378,012,304.39 in 2018[24] - The total assets at the end of 2019 were RMB 2,050,809,340.47, a slight increase of 0.96% from RMB 2,031,381,580.48 at the end of 2018[24] - The net assets attributable to shareholders of the listed company were RMB 1,468,282,595.94 at the end of 2019, an increase of 1.84% from RMB 1,441,688,119.35 at the end of 2018[24] - Basic earnings per share for 2019 were RMB 0.003, down 94.44% from RMB 0.054 in 2018[26] - The weighted average return on net assets was 0.41% in 2019, a decrease of 7.26 percentage points from 7.67% in 2018[26] - The company reported a net profit of RMB 52,792,164.24 after deducting non-recurring gains and losses, compared to a loss of RMB -6,046,084.28 in 2018[24] Quarterly Performance - Total revenue for Q4 2019 reached RMB 237,190,184.54, marking a significant increase compared to previous quarters[29] - The net profit attributable to shareholders for Q4 2019 was RMB 91,112,840.18, a substantial recovery from losses in earlier quarters[29] - The net profit after deducting non-recurring gains and losses for Q4 2019 was RMB 42,228,058.56, indicating strong operational performance[29] - The company reported a net cash flow from operating activities of RMB 92,068,859.99 in Q4 2019, reflecting improved cash generation capabilities[29] - The company experienced a significant increase in revenue and net profit in Q4 due to a higher volume of contracts signed with institutional clients[31] Legal and Regulatory Issues - The company has received legal documents related to ongoing litigation from the China Securities Regulatory Commission, which may affect future profits[10] - The company has ongoing litigation risks related to past information disclosure violations, which may affect future profits depending on the outcomes of these cases[110] - The company has been ordered to compensate 1,463 plaintiffs for investment losses totaling 211.24 million RMB as per a court ruling[127] - The company is facing ongoing litigation related to securities false statements, with claims amounting to 643.34 million RMB[127] Research and Development - The company’s R&D expenses accounted for 17.37% of its operating revenue, reflecting its commitment to technological development in the financial information service sector[50] - The company reported a total R&D expenditure of ¥118.73 million, accounting for 17.37% of total revenue, with 607 R&D personnel, representing 66.27% of the total workforce[79] - The company completed several R&D projects, including the upgrade of the Big Wisdom PC software and the AI risk control news database, enhancing user experience and data services[80] Market Expansion and User Engagement - The company has expanded its international presence by acquiring local financial information service providers in Hong Kong, Singapore, and Tokyo[39] - The company is focused on developing a comprehensive financial data center to serve various financial institutions and universities[39] - The monthly active users of the company's mobile app, Dazhihui, approached 10 million, showcasing strong user engagement[40] - The company expanded its user base, serving over 1,000 domestic and international institutional clients, including more than 90% of insurance institutions and 95% of fund companies[58] Financial Management and Investments - The company generated approximately 28 million RMB in profit from the sale of a 2.65% stake in a subsidiary, which was completed in November 2019[49] - The company has established a comprehensive financing database through big data analysis, integrating various financial information sources[80] - The company has entrusted 10.7 million yuan in bank wealth management products, with no overdue amounts reported[137] - The total amount of entrusted financial management as of December 31, 2019, was 22,600 million CNY, with various banks involved[139] Social Responsibility - The company donated 100,000 CNY to a community project aimed at providing milk to elderly low-income families in Shanghai[143] - A total of 263,000 CNY was allocated for poverty alleviation efforts, including cash and material donations[147] - The company has engaged in various social responsibility initiatives, including donations to educational resources in impoverished areas totaling 53,422.50 CNY[147] Governance and Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 184,009, an increase from 180,807 at the end of the previous month[156] - The largest shareholder, Zhang Changhong, holds 35.46% of the shares, totaling 704,792,657 shares[159] - The company’s board members have extensive experience in various sectors, enhancing its governance structure[177] - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with legal requirements[192] Compliance and Risk Management - The company has not faced any penalties from securities regulatory authorities in the past three years[185] - The company is focused on improving its internal software and hardware management to mitigate risks associated with internet system security and operational disruptions[106] - The company has implemented measures to control rising human resource costs while ensuring employee satisfaction[108]

Financial Performance - Operating revenue for the period from January to September was CNY 446,148,994.93, an increase of 6.88% year-on-year[19]. - Net profit attributable to shareholders of the listed company was a loss of CNY 85,148,631.70, compared to a loss of CNY 38,821,382.26 in the same period last year[19]. - The weighted average return on net assets was -6.07%, compared to -2.87% in the previous year[19]. - Basic earnings per share were CNY -0.043, compared to CNY -0.020 in the same period last year[19]. - Total revenue for Q3 2019 reached ¥156,193,958.40, an increase of 11.5% compared to ¥139,906,776.40 in Q3 2018[52]. - Net profit for Q3 2019 was -¥7,159,187.11, compared to -¥10,320,602.40 in Q3 2018, showing an improvement in losses[56]. - The total comprehensive income for Q3 2019 was -¥7,159,187.11, an improvement from -¥10,320,602.40 in Q3 2018, indicating a positive trend in financial performance[56]. - The total comprehensive income attributable to the parent company for Q3 2019 was CNY 368,593.16, a stark contrast to the loss of CNY 75,708,157.56 in Q3 2018[61]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,953,599,608.19, a decrease of 3.83% compared to the end of the previous year[19]. - The total liabilities increased to ¥278,212,763.23, reflecting a rise of 62.84% due to increased litigation amounts[28]. - Non-current assets totaled ¥691,980,757.78, a decrease of 1.05% from ¥702,714,413.94[41]. - Current liabilities decreased to ¥306,116,517.82, a reduction of 26% compared to ¥413,714,386.79[41]. - The company's total equity decreased to ¥885,965,446.61 from ¥974,087,420.26, indicating a decline in shareholder value[50]. - The company's total equity was reported at 1,442,961,663.38 RMB, reflecting a slight increase in shareholder equity[81]. - The company has a total asset value of approximately $1.56 billion[89]. Cash Flow - The company reported a net cash flow from operating activities of CNY -58,623,040.65 for the period from January to September[19]. - The total cash inflow from operating activities was CNY 650,224,492.84, a decrease of 8.3% compared to CNY 709,843,105.65 in the same period last year[70]. - The net cash outflow from operating activities was CNY -58,623,040.65, slightly improved from CNY -61,729,187.78 year-over-year[70]. - The net cash flow from financing activities was CNY -1,630,286.73, a decrease from CNY -75,003,383.33 year-over-year[70]. - The cash and cash equivalents at the end of the period were CNY 465,035,543.11, down from CNY 510,116,758.78 at the beginning of the period[72]. Shareholder Information - The total number of shareholders at the end of the reporting period was 202,432[22]. - The largest shareholder, Zhang Changhong, held 35.46% of the shares, totaling 704,792,657 shares[22]. Legal and Litigation Matters - The company has been involved in 3,768 civil lawsuits related to securities false statements, with total claims amounting to ¥637.88 million[30]. - The company recognized a provision for expected liabilities amounting to ¥27,821.28 million related to ongoing litigation[33]. - The company has paid a total of ¥90.52 million in compensation related to litigation, with a total compensation amount confirmed at ¥94.56 million[33]. Investment and Financial Adjustments - Investment income dropped significantly by 92.14%, from ¥24,473,497.14 to ¥1,924,753.92, due to the divestment of a stake in a previous associate[29]. - The company completed a share acquisition agreement with Zhongzheng Investment for ¥22.8 million, selling all shares in Zhongzheng Quotation System[34]. - The company adjusted "other current assets" to "trading financial assets" and "available-for-sale financial assets" to "other non-current financial assets" as per new accounting standards[83].

Financial Performance - The company's operating revenue for the first half of 2019 was ¥289,955,036.53, representing a 4.49% increase compared to ¥277,507,373.35 in the same period last year[23]. - The net profit attributable to shareholders of the listed company was -¥77,989,444.59, a significant decline from -¥28,501,917.17 in the previous year[23]. - The net cash flow from operating activities was -¥148,335,929.47, a decrease of 251.13% compared to ¥98,150,350.30 in the same period last year[23]. - The total assets at the end of the reporting period were ¥1,926,113,288.81, down 5.18% from ¥2,031,381,580.48 at the end of the previous year[23]. - The net assets attributable to shareholders of the listed company decreased by 5.28% to ¥1,365,613,828.65 from ¥1,441,688,119.35 at the end of the previous year[23]. - The basic earnings per share for the reporting period was -0.039 yuan/share, compared to -0.014 yuan/share in the same period last year[23]. - The weighted average return on net assets was -5.56%, a decline from -2.11% in the previous year[23]. - Operating costs rose to 124.40 million yuan, reflecting an 8.81% year-on-year increase[45]. - The company reported a total non-recurring gains and losses of -81,068,806.45 RMB, primarily due to a provision for expected liabilities[27]. - The company reported a significant increase in trading financial assets, which rose by 208.45% to CNY 75,433,260.26 from CNY 24,455,424.66[52]. Litigation and Legal Issues - The increase in litigation numbers and estimated liabilities contributed to the decline in net profit attributable to shareholders[23]. - As of August 9, 2019, the company received a total of 3,527 civil litigation notices related to securities false statements, with a total claim amount of CNY 612.82 million[62]. - The company has been ordered to compensate 1,021 plaintiffs for investment loss and commission loss, with a total compensation amount of CNY 166.42 million, while CNY 76.89 million has been dismissed[75]. - The company has recognized a compensation amount of CNY 94.56 million, of which CNY 90.51 million has been paid, and has accrued a total estimated liability of CNY 256.14 million for ongoing litigation[62]. - The company anticipates additional lawsuits after the report approval date, but cannot reliably estimate the impact on current or future profits[62]. - The company’s controlling shareholder, Zhang Changhong, is under investigation for violations related to the 2016 administrative penalty decision by the China Securities Regulatory Commission[76]. Business Operations and Strategy - The company has expanded its international presence by acquiring local financial information service providers in Hong Kong, Singapore, and Tokyo, enhancing its market reach[29]. - The company’s financial data center aims to provide comprehensive data services to banks, insurance companies, and other financial institutions[29]. - The company’s securities information service platform includes various products such as PC terminal services and mobile APP services, catering to both individual and institutional clients[30]. - The company has developed a range of big data and data engineering services, including customized data solutions for institutional clients[34]. - The financial information service industry is expected to benefit from the increasing emphasis on capital markets by the government, indicating new strategic development opportunities[38]. - The company leverages advanced technologies such as big data, cloud computing, and artificial intelligence to enhance its service offerings[36]. - The company has served over 1,000 institutional clients, reinforcing its leading position in the financial database service sector[45]. - The company is focusing on product innovation and service enhancement, particularly in its securities information service platform[45]. - The company has made significant investments in the development of its intelligent community service platform "HuiXin" to improve service capabilities[45]. - The company has upgraded its "Huiyan" big data risk monitoring system to provide exclusive risk monitoring models[45]. Shareholder and Capital Structure - The company did not propose any profit distribution plan or capital reserve transfer to increase share capital during the reporting period[7]. - The largest shareholder, Mr. Zhang Changhong, has 704,792,657 shares, representing 35.46% of the total shares, which are currently frozen due to judicial actions[99]. - Zhejiang Xinhuh Group Co., Ltd. reduced its holdings by 29,680,891 shares, holding 390,892,900 shares, which is 19.67% of the total[99]. - The total number of ordinary shareholders as of the end of the reporting period is 195,470[97]. - There were no significant changes in the company's share capital structure during the reporting period[95]. - The company has no strategic investors or general corporations becoming top 10 shareholders during the reporting period[102]. - There were no changes in the controlling shareholder or actual controller during the reporting period[102]. Financial Reporting and Compliance - The company’s financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance and reflect its financial position and operating results accurately[175]. - The company has confirmed that there are no significant doubts regarding its ability to continue as a going concern for the next 12 months[173]. - The company made adjustments to its financial reporting format in accordance with the Ministry of Finance's 2019 notification, affecting the presentation of certain financial items but not the financial results[90]. - The company has not disclosed any new product or technology developments in this reporting period[101]. - The company has not reported any new product launches or technological advancements in this period[151]. - There are no indications of market expansion or acquisitions mentioned in the current financial report[151]. Cash Flow and Liquidity - The net cash flow from operating activities turned negative at CNY -148,335,929.47, a decline of 251.13% compared to CNY 98,150,350.30 in the previous period[49]. - Cash and cash equivalents decreased by 6.01% to CNY 1,043,385,972.91 from CNY 1,110,116,758.78[52]. - The total cash inflow from operating activities was 176,078,780.08 RMB, a decrease from 254,066,505.71 RMB in the previous period[139]. - The cash flow from financing activities included dividend payments of 358,254.09 RMB[139]. - The company experienced a foreign exchange impact of 1,831,364.49 RMB on cash and cash equivalents[139]. - The cash flow from investing activities resulted in a net outflow of -5,573,126.06 RMB, compared to -48,325,288.41 RMB in the previous period[141]. Research and Development - R&D expenses rose significantly by 19.57% to CNY 49,919,373.83 from CNY 41,749,363.16, indicating increased investment in product development[49]. - The company reported a significant increase in financial expenses, with interest expenses rising to CNY 10,830,742.56 from CNY 2,531,936.41 in the previous year[130]. Community and Social Responsibility - The company donated 100,000 yuan to a community milk project for elderly residents in Shanghai during the reporting period[83]. - The company plans to continue targeted poverty alleviation efforts, including a donation for a project in a deeply impoverished village in Guizhou[88].

Financial Performance - The net profit attributable to shareholders for 2018 was RMB 108,313,396.16, while the parent company's net profit was RMB 270,606,818.91[7]. - The company's operating revenue for 2018 was ¥593.64 million, a decrease of 6.99% compared to ¥638.24 million in 2017[22]. - The net profit attributable to shareholders for 2018 was ¥108.31 million, down 71.71% from ¥382.92 million in 2017[22]. - The basic earnings per share for 2018 was ¥0.054, a decrease of 72.02% compared to ¥0.193 in 2017[22]. - The weighted average return on equity for 2018 was 7.67%, down 25.9 percentage points from 33.57% in 2017[22]. - The company reported a non-recurring gain of CNY 150.41 million in 2018, primarily from the disposal of its remaining stake in Da Zhi Hui (Hong Kong) which generated an investment income of CNY 151 million[30]. Cash Flow - The net cash flow from operating activities for 2018 was -¥378.01 million, showing a slight improvement from -¥401.77 million in 2017[22]. - The company experienced significant fluctuations in cash flow, with Q1 showing a net cash flow of -¥21.91 million and Q2 recovering to ¥12.01 million[26]. - The net cash flow from operating activities in Q3 2018 was CNY -159.88 million, a drastic decline of 1278.85% from CNY 13.56 million in Q3 2017[29]. - The net cash flow from operating activities in Q4 2018 was CNY -316.28 million, a decrease of 94.08% compared to CNY -162.97 million in Q4 2017[29]. - Net cash flow from investing activities increased by 229.06% to ¥578,049,158.90, mainly due to a decrease in investment in financial products[83]. Legal and Regulatory Issues - There are ongoing legal risks due to previous violations of information disclosure regulations, which may impact future profits[9]. - The company has recorded a total of 2,739 civil litigation cases related to securities false statements, with a cumulative compensation amount of RMB 166.42 million confirmed[88]. - The company confirmed a compensation amount of 94.56 million yuan related to ongoing litigation matters[114]. - The company has faced legal risks, with a total of 2739 litigation requests amounting to 521.91 million yuan as of March 8, 2019[114]. Shareholder Information - The largest shareholder, Zhang Changhong, holds 704,792,657 shares, representing 35.46% of the total shares[161]. - The total shares held by the top ten shareholders account for 42.31% of the company's total equity[168]. - The report indicates that there are no changes in the controlling shareholder during the reporting period[165]. - The company has committed to not reducing its shareholdings for 6 months following the transfer of 400,000,000 unrestricted shares to New Lake Group, effective from July 12, 2017[123]. Research and Development - The company aims to enhance its core competitiveness by strengthening R&D innovation and product design[107]. - The company plans to expand its product line and improve financial data terminal and mobile products[108]. - The company will increase investment in R&D and operations to enhance the technical depth and business breadth of its financial information services[109]. - The number of R&D personnel was 566, representing 63.95% of the total workforce[77]. Market Presence and Strategy - The company is focused on expanding its international presence by acquiring local financial information service providers in Hong Kong, Singapore, and Japan[34]. - The company has established a significant presence in overseas markets, with a market share of nearly 70% in Hong Kong through its subsidiary, making it the largest financial information service provider in the region[38]. - The smart investment advisory market in China is projected to reach RMB 188.47 billion by 2020, with an annual compound growth rate of 68.0% over the next three years[43]. Operational Efficiency - The company reduced sales expenses by 28.05% to 89.40 million yuan, primarily due to adjustments in live streaming platform business[62]. - Management expenses decreased by 21.85% to ¥165,720,315.30, attributed to adjustments in the live streaming platform and reduced labor and depreciation costs[76]. - R&D expenses decreased by 20.22% to ¥108,429,785.72, primarily due to reduced investment in R&D related to the live streaming platform[76]. Environmental Compliance - The company has confirmed that it does not belong to the list of key pollutant discharge units published by the Shanghai Environmental Protection Bureau in January 2018[153]. - The company has actively complied with environmental protection laws and has not faced any penalties for violations during the reporting period[153]. Employee Information - The company has a total of 885 employees, with 64 in the parent company and 821 in major subsidiaries[188]. - The professional composition includes 566 technical personnel, 122 sales personnel, and 90 management personnel[188]. - The company has established a scientific and reasonable compensation management system to attract and retain talent[189]. Financial Products and Investments - The company has ongoing investments in various financial products, indicating a strategy focused on diversifying income sources through structured financial instruments[145]. - The company has invested CNY 327 million in bank wealth management products, with an outstanding balance of CNY 64 million[140]. - Total investment in financial products reached ¥895,000,000, with redemptions totaling ¥1,016,000,000, resulting in an investment income of ¥7,558,176.35[145].

2019 年第一季度报告 公司代码：601519 公司简称：大智慧 上海大智慧股份有限公司 2019 年第一季度报告 1 / 24 2019 年第一季度报告 í 二、 11Í 四、 目录 | --- | |----------------| | | | 重要提示 . | | 公司基本情况 . | | 重要事项 . | | 附录 . | 2 / 24 2019 年第一季度报告 单位：元 币种：人民币 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人张志宏、主管会计工作负责人陈志及会计机构负责人（会计主管人员）李菁保证 季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | |-------------------------------------------------|------------------ ...