证券代码：603138 证券简称：海量数据 | --- | --- | |------------------------------------------------------------------------|--------------------------------------------------------------------| | | 北京海量数据技术股份有限公司 | | | 机构投资者电话交流活动会议纪要 | | 一、 机构调研情况 | | | 调研时间： 2022 年 6 月 16 日下午 17:00 — 18:00 | | | 调研形式：电话会议方式 | | | | 参会机构（排名不分先后）：合众资产管理股份有限公司、中信建投证券股 | | 份有限公司、中国人寿养老保险股份有限公司、华泰柏瑞基金管理有限公司、 | | | 红杉资本股权投资管理（天津）有限公司、上海聆泽投资管理有限公司、工银 | | | 瑞信基金管理有限公司、九泰基金管理有限公司、兴业证券股份有限公司、百 | | | 年保险资产管理有限责任公司、建信基金管理有限责任公司、西部利得基金管 | | | 理有限公司 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥66,813,525.14, a decrease of 29.78% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2022 was -¥20,099,011.69, with a year-to-date net profit of -¥58,750,187.07, reflecting a significant decline of 814.39% year-on-year[2]. - The basic and diluted earnings per share for Q3 2022 were both -¥0.071, with a year-to-date figure of -¥0.207, a decrease of 746.88% compared to the previous year[2]. - The company reported a net loss in the first three quarters of 2022, with undistributed profits decreasing to RMB 149,226,631.71 from RMB 215,339,082.52 in the same period of 2021, a decline of about 30.7%[15]. - In Q3 2022, the company reported a net loss of CNY 65,844,632.15, compared to a net profit of CNY 4,422,238.13 in Q3 2021, representing a significant decline[19]. - The total comprehensive income for Q3 2022 was CNY -65,840,989.61, compared to CNY 4,421,837.12 in Q3 2021, indicating a substantial decrease in overall financial performance[20]. Assets and Liabilities - Total assets at the end of Q3 2022 were ¥1,015,436,943.41, down 7.21% from the end of the previous year[3]. - The equity attributable to shareholders decreased by 5.50% to ¥887,422,476.17 compared to the end of the previous year[3]. - Current assets as of September 30, 2022, totaled RMB 934,917,016.83, down from RMB 1,042,456,459.19 at the end of 2021, reflecting a reduction of approximately 10.3%[13]. - Total liabilities decreased to RMB 147,588,740.98 as of September 30, 2022, from RMB 169,966,572.22 at the end of 2021, representing a decline of about 13.2%[15]. - Shareholders' equity as of September 30, 2022, was RMB 867,848,202.43, down from RMB 924,334,985.02 at the end of 2021, indicating a decrease of approximately 6.1%[15]. Cash Flow - The company reported a net cash flow from operating activities of -¥49,375,443.27 year-to-date, indicating cash outflows[2]. - The company generated operating cash inflow of CNY 249,509,376.05 in Q3 2022, slightly down from CNY 249,568,344.63 in Q3 2021[23]. - The net cash flow from investing activities was CNY -198,909,422.29 in Q3 2022, compared to CNY -112,666,780.71 in Q3 2021, reflecting increased investment outflows[24]. - Cash and cash equivalents were RMB 596,920,355.66 as of September 30, 2022, compared to RMB 859,310,561.92 at the end of 2021, reflecting a decline of about 30.5%[12]. - Cash and cash equivalents at the end of Q3 2022 stood at CNY 596,826,214.76, down from CNY 859,096,199.79 at the beginning of the period[24]. Revenue and Costs - Total operating revenue for the first three quarters of 2022 was RMB 200,196,135.90, a decrease from RMB 293,560,994.27 in the same period of 2021, representing a decline of approximately 31.8%[18]. - Total operating costs for the first three quarters of 2022 amounted to RMB 270,185,806.82, compared to RMB 290,285,681.51 in the previous year, indicating a decrease of about 6.9%[18]. - The company’s sales revenue from goods and services received in the first nine months of 2022 was CNY 227,041,847.89, compared to CNY 235,570,438.91 in the same period of 2021[22]. Research and Development - Research and development expenses increased significantly as the company continued to expand its sales service network, contributing to the net loss[6]. - Research and development expenses increased to CNY 75,388,616.05 in Q3 2022, up from CNY 52,788,254.18 in Q3 2021, indicating a focus on innovation[19]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 27,110[9]. - The company received government subsidies amounting to ¥80,024.26 during the reporting period, which were related to normal business operations[5].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥133,382,610.76, a decrease of 32.78% compared to ¥198,415,726.68 in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2022 was -¥38,651,175.38, a decline of 556.08% from a profit of ¥8,474,600.27 in the previous year[21]. - The net cash flow from operating activities was -¥43,100,880.79, compared to -¥50,210,849.67 in the same period last year, indicating an improvement[21]. - The total assets at the end of the reporting period were ¥1,034,184,733.48, down 5.49% from ¥1,094,301,557.24 at the end of the previous year[21]. - The net assets attributable to shareholders decreased by 3.56% to ¥905,653,783.28 from ¥939,107,930.43 at the end of the previous year[21]. - Basic earnings per share for the first half of 2022 were -¥0.136, a decrease of 512.12% compared to ¥0.033 in the same period last year[22]. - The weighted average return on net assets was -4.20%, a decrease of 5.83 percentage points from 1.63% in the previous year[22]. - The decline in net profit was primarily due to a decrease in operating revenue and an increase in research, sales, and management expenses[22]. Research and Development - Research and development expenses reached CNY 49.40 million, an increase of 45.92%, accounting for 37.03% of total revenue[35]. - The company established six R&D centers in major cities, with R&D personnel increasing by 66.80% to 412[35]. - The company has established R&D centers in six cities, employing a team with over 10 years of experience from top global data companies, enhancing its technical capabilities[30]. - The company aims to strengthen its product R&D capabilities and service innovation to support clients' digital transformation[28]. - The company holds over a hundred software copyrights and patents, demonstrating its commitment to innovation and technology accumulation[30]. Market and Industry Insights - The software and information technology services industry in China achieved a total revenue of 4,626.6 billion yuan in the first half of 2022, representing a year-on-year growth of 10.9%[26]. - The domestic database software market is projected to reach 9.55 billion USD by 2026, with a compound annual growth rate (CAGR) of 28.1% over the next five years[27]. - The company has successfully adapted its Vastbase database to major domestic CPUs and operating systems, enhancing its compatibility and market reach[32]. - The company focuses on providing high-performance, secure, and stable database products tailored to customer needs, reinforcing its core business strategy[29]. Sales and Marketing - The company has formed a marketing service network covering 30 provinces, ensuring broad product sales and rapid technical service response[31]. - Sales expenses amounted to CNY 33.16 million, up 69.36% year-on-year, reflecting increased investment in national market expansion[41]. - The company has expanded its sales team by 118.07%, reaching 181 sales personnel[39]. - The company aims to enhance its brand influence through its proprietary product brands "Vast+" and service brand "Apollo+"[37]. Shareholder and Governance Matters - The company did not propose any profit distribution plan or capital reserve transfer to increase share capital during the reporting period[8]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[8]. - The company completed the repurchase and cancellation of restricted stock on April 22, 2022, as approved in the board meetings[65]. - The first unlock period of the 2021 restricted stock incentive plan was achieved, with the stocks listed for circulation on May 6, 2022[65]. - The company has established a commitment to prioritize business opportunities that may conflict with its interests, ensuring that such opportunities are offered to the company first[73]. Financial Position and Cash Flow - The company's cash and cash equivalents decreased by 18.11% to CNY 703,661,847.33, compared to CNY 859,310,561.92 in the previous year[49]. - The total operating costs decreased by 33.77% to CNY 86,349,560.90, in line with the decline in operating revenue[47]. - The company reported a net loss attributable to shareholders of CNY -0.136 per share, a significant decline from CNY 0.033 in the previous period[48]. - The company reported a total cash inflow from operating activities of 167,301,877.92 RMB, compared to 196,115,993.33 RMB in the same period of 2021[129]. - The total cash outflow from financing activities was 3,323,996.73 RMB, compared to 6,675,822.41 RMB in the same period last year[130]. Compliance and Regulatory Matters - The company strictly adhered to environmental protection laws and regulations, with no administrative penalties received during the reporting period[69]. - The company has obtained ISO9001 and ISO14001 certifications, promoting a low-carbon and environmentally friendly office approach[69]. - The company confirmed that there are no non-operating fund occupations by controlling shareholders or related parties during the reporting period[83]. - The company will comply with any new regulatory requirements from the China Securities Regulatory Commission regarding compensation measures and commitments[80]. Financial Instruments and Accounting Policies - Financial instruments are recognized when the company becomes a party to the financial instrument contract[183]. - Financial assets are classified into three categories based on the business model and cash flow characteristics, including those measured at amortized cost[187]. - The company uses the effective interest method for financial liabilities measured at amortized cost, with gains or losses recognized in profit or loss upon derecognition or amortization[191]. - The company measures expected credit losses for financial instruments in three stages based on credit risk changes, with Stage 1 using a 12-month expected credit loss and Stage 2 and 3 using lifetime expected credit losses[196].

Financial Performance - The net profit attributable to shareholders for 2021 was RMB 11,273,299.41, while the net profit for the parent company was RMB 22,080,608.12[7]. - The company's operating revenue for 2021 was CNY 420,613,707.34, representing a 6.02% increase compared to CNY 396,713,025.4 in 2020[26]. - The net profit attributable to shareholders decreased by 67.47% to CNY 11,273,299.41 from CNY 34,653,432.26 in 2020[26]. - The net cash flow from operating activities was negative at CNY -17,921,942.70, a decrease of 120.97% compared to CNY 85,446,289.20 in 2020[26]. - The total assets increased by 51.97% to CNY 1,094,301,557.24 at the end of 2021, up from CNY 720,069,226.3 at the end of 2020[26]. - The basic earnings per share dropped by 71.43% to CNY 0.04 from CNY 0.14 in 2020[27]. - The weighted average return on equity decreased by 4.86 percentage points to 2.03% in 2021 from 6.89% in 2020[27]. - The company's net assets attributable to shareholders increased by 81.95% to CNY 939,107,930.43 at the end of 2021, compared to CNY 516,143,545.0 at the end of 2020[26]. Profit Distribution - The proposed profit distribution plan includes a cash dividend of RMB 0.26 per share, totaling RMB 7,362,263.74, based on a total share capital of 283,163,990 shares[7]. - After the profit distribution, the remaining undistributed profit will be RMB 253,129,145.41, which will be carried forward to the next year[7]. - The company extracted 10% of the net profit as statutory surplus reserve, amounting to RMB 2,208,060.81[7]. - The total distributable profit at the end of the reporting period was RMB 260,491,409.15 after accounting for the beginning undistributed profit and cash dividends paid[7]. Governance and Compliance - The company has established a governance structure that includes a board of directors and a supervisory board to ensure compliance and effective operation[91][92]. - The company strictly adheres to the Securities Law and the Shanghai Stock Exchange listing rules for timely and accurate information disclosure, ensuring the protection of minority investors' interests[95]. - All resolutions at the shareholder meetings were approved without any rejections, indicating strong governance and shareholder support[98]. - The company has not faced any significant differences in governance compared to regulatory requirements, maintaining its operational independence[95]. - The company has not engaged in any related party transactions that could compromise its independence[95]. - The company has committed to ongoing compliance with regulatory requirements, reinforcing its commitment to transparency and accountability[95]. Research and Development - Research and development expenses, along with sales and management expenses, contributed to the decrease in net profit[28]. - Research and development investment reached 73.61 million yuan, a year-on-year increase of 54.39%, accounting for 17.50% of operating revenue[36]. - The company has established R&D centers in six cities, focusing on database product development and technology upgrades[36]. - The company plans to enhance product R&D capabilities and service innovation to address future challenges and opportunities[43]. Market and Sales - The domestic relational database software market size was 1.19 billion USD in the first half of 2021, with a year-on-year growth of 37.2%[42]. - The company achieved operating revenue of CNY 420.61 million in 2021, representing a year-on-year growth of 6.02%[51]. - The revenue from the database segment was CNY 177.41 million, with a gross margin of 43.04%, an increase of 8.78 percentage points[56]. - The company has provided products and technical services to over 2,000 large and medium-sized enterprise clients[39]. Employee and Compensation - The company has established a compensation management system that includes basic salary, performance pay, equity incentives, and option incentives for non-independent directors and senior management[104]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 4.0178 million yuan[104]. - The company’s human resources department assists the board in implementing assessments for directors and senior management[103]. - The company has a total of 8 independent directors and supervisors, ensuring compliance with regulations regarding independent director systems[103]. Financial Management - The company has invested a total of RMB 43,028.77 million in various financial products, including RMB 5,000 million in broker financial products, RMB 12,000 million in trust financial products, and RMB 26,028.77 million in bank financial products[155]. - The company reported a total of RMB 3,000 million from bank wealth management products with a fixed return rate of 3.60%, leading to an actual loss of RMB 28.77 million[157]. - The company has successfully recovered all invested amounts from various wealth management products, demonstrating effective financial management[157]. - The company is actively exploring new financial strategies and products to enhance returns and manage risks effectively[157]. Risk Management - The report includes a risk statement regarding forward-looking statements, emphasizing the importance of investor awareness of potential risks[10]. - The company acknowledges potential risks including technology, market, and talent risks, and plans to strengthen its risk management mechanisms[88][89]. - The company has implemented internal controls over revenue recognition to mitigate risks of manipulation[195]. Shareholder Information - The total share capital of the company increased from 252,664,524 shares to 257,550,000 shares due to the grant of 4,885,476 restricted stocks[165]. - The largest shareholder, Chen Zhimin, held 73,462,554 shares, accounting for 25.93% of the total shares, with 15,220,000 shares pledged[176]. - The company has a diverse shareholder base, with significant stakes held by various funds and individuals[178]. - The company maintains a clear ownership structure with no undisclosed related party transactions among major shareholders[182].

Financial Performance - The company's operating revenue for Q1 2022 was ¥78,855,784.15, representing a decrease of 22.84% compared to the same period last year[2] - The net profit attributable to shareholders was -¥10,753,826.21, a decline of 312.18% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥11,324,812.70, down 366.42% from the previous year[2] - The basic and diluted earnings per share were both -¥0.04, reflecting a decrease of 300% compared to the same period last year[2] - In Q1 2022, the company reported a total comprehensive income of -12,672,539.15 RMB, compared to 3,732,866.57 RMB in Q1 2021, indicating a significant decline in performance[15] - The basic and diluted earnings per share for Q1 2022 were both -0.04 RMB, down from 0.02 RMB in Q1 2021, reflecting a negative shift in profitability[15] Cash Flow - The net cash flow from operating activities was -¥4,535,350.85, indicating a significant cash outflow[2] - Cash inflows from operating activities totaled 87,787,980.72 RMB in Q1 2022, an increase of 16.5% from 75,493,218.79 RMB in Q1 2021[17] - Cash outflows from operating activities were 92,323,331.57 RMB in Q1 2022, down from 107,319,900.77 RMB in Q1 2021, resulting in a net cash flow from operating activities of -4,535,350.85 RMB, an improvement from -31,826,681.98 RMB in the previous year[18] - The net cash flow from investing activities was -79,929,206.63 RMB in Q1 2022, slightly better than -80,289,289.99 RMB in Q1 2021[18] - The net cash flow from financing activities was -2,008,095.14 RMB in Q1 2022, a decrease from a positive inflow of 33,563,220.12 RMB in Q1 2021, indicating a shift in financing strategy[18] - The company's cash and cash equivalents at the end of Q1 2022 stood at 772,623,263.43 RMB, up from 380,676,705.20 RMB at the end of Q1 2021, showing improved liquidity[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,095,339,263.12, a slight increase of 0.09% from the end of the previous year[3] - Shareholders' equity attributable to shareholders was ¥931,464,600.95, down 0.81% from the previous year[3] - Total liabilities increased to CNY 180,342,476.43 from CNY 169,966,572.22, an increase of 6.4%[12] - Total assets as of March 31, 2022, were CNY 1,095,339,263.12, slightly up from CNY 1,094,301,557.24 as of December 31, 2021[12] Operational Metrics - Total operating revenue for Q1 2022 was CNY 78,855,784.15, a decrease of 22.8% compared to CNY 102,196,650.83 in Q1 2021[13] - Total operating costs for Q1 2022 were CNY 92,476,023.42, down 5.5% from CNY 98,078,526.78 in Q1 2021[14] - Operating profit for Q1 2022 was a loss of CNY 12,595,604.79, compared to a profit of CNY 5,215,435.66 in Q1 2021[14] - Net profit for Q1 2022 was a loss of CNY 12,672,255.41, compared to a profit of CNY 3,732,705.69 in Q1 2021[14] Investments and Expenses - Research and development expenses for Q1 2022 were CNY 22,352,265.42, up from CNY 16,548,725.65 in Q1 2021, an increase of 35.0%[14] - The company invested 60,000,000.00 RMB in Q1 2022, compared to 80,000,000.00 RMB in Q1 2021, indicating a reduction in investment activity[18] - The company reported non-recurring gains of ¥435,238.47, primarily from various non-operating income sources[4] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,454[6] Accounting Practices - The company has not adopted new accounting standards for the current year, maintaining consistency in financial reporting[19]

Financial Performance - The company's operating revenue for Q3 2021 was ¥95,145,267.59, a decrease of 8.62% compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2021 was -¥250,787.79, a decline of 102.94% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥1,265,889.98, down 116.94% from the previous year[3]. - The basic earnings per share for Q3 2021 was -¥0.001, reflecting a decrease of 102.94% compared to the same period last year[4]. - Net profit for the third quarter of 2021 was ¥4,422,238.13, a decrease of 75.2% from ¥17,801,212.59 in the same quarter of 2020[17]. - Basic earnings per share for the third quarter of 2021 were ¥0.032, down from ¥0.079 in the same quarter of 2020, a decline of 59.5%[18]. Assets and Liabilities - The total assets at the end of the reporting period were ¥685,691,237.46, a decrease of 4.77% from the end of the previous year[4]. - The company's total liabilities decreased from ¥210,199,381.63 in the previous year to ¥166,651,845.55 in the current year, a reduction of approximately 20.7%[15]. - Total liabilities amounted to 210,199,381.63, a decrease of 8,690,851.66 from the previous total of 218,890,233.29[25]. - The total current liabilities were 175,744,952.66, reflecting a decrease from the previous total of 181,844,017.96[25]. - The total equity attributable to shareholders increased to ¥529,114,666.58 from ¥516,143,545.06, reflecting a growth of about 2.3%[15]. - The equity attributable to shareholders at the end of the reporting period was ¥529,114,666.58, an increase of 2.51% compared to the end of the previous year[4]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥48,112,286.05, indicating a significant cash outflow[3]. - Net cash flow from operating activities was -48,112,286.05 RMB, a decrease from -11,597,211.89 RMB in the previous quarter[20]. - Total cash inflow from investment activities was 71,064,231.64 RMB, down from 373,374,623.66 RMB in the previous quarter[20]. - Net cash flow from financing activities was 21,733,271.27 RMB, compared to -9,026,137.03 RMB in the previous quarter[21]. - Cash outflow for purchasing goods and services was 185,249,979.97 RMB, down from 203,268,682.13 RMB[20]. - Cash paid to employees increased to 72,460,063.54 RMB from 54,989,236.76 RMB in the previous quarter[20]. Shareholder Information - The company reported a total of 26,933 common shareholders at the end of the reporting period[10]. - The largest shareholder, Chen Zhimin, holds 28.53% of the shares, with a total of 73,462,554 shares pledged[10]. - The second-largest shareholder, Zhu Huawai, owns 25.07% of the shares, totaling 64,562,106 shares, also pledged[10]. Operational Highlights - The decline in net profit was primarily attributed to increased employee compensation, social insurance fees, and stock incentive expenses[8]. - The company did not conduct an audit for the Q3 financial statements[3]. - The company has not reported any significant new product developments or market expansions during the reporting period[11]. - There are no known significant mergers or acquisitions disclosed in the current report[11]. Current Assets - As of September 30, 2021, the company's total current assets amounted to approximately ¥641.37 million, a decrease of 4.8% from ¥674.30 million at the end of 2020[12]. - The cash and cash equivalents were reported at ¥320.81 million, down from ¥460.82 million, indicating a significant reduction of 30.4%[12]. - Accounts receivable increased to ¥109.49 million from ¥99.02 million, reflecting a growth of 10.5% year-over-year[12]. - Inventory decreased to ¥49.13 million from ¥63.11 million, showing a decline of 22.1%[13]. - Total assets as of September 30, 2021, were ¥685.69 million, down from ¥720.07 million, representing a decrease of 4.8%[13]. Research and Development - Research and development expenses for the first three quarters of 2021 amounted to ¥52,788,254.18, up from ¥40,116,568.61 in 2020, marking an increase of approximately 31.6%[16].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥198,415,726.68, representing a 5.34% increase compared to ¥188,356,098.33 in the same period last year[20]. - The net profit attributable to shareholders of the listed company decreased by 25.83% to ¥8,474,600.27 from ¥11,426,610.89 in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥7,176,881.34, down 7.68% from ¥7,774,230.46 in the same period last year[20]. - Basic earnings per share decreased by 26.67% to CNY 0.033 compared to the same period last year[21]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion in Q2 2021, representing a 25% year-over-year growth[64]. - The total revenue for the first half of 2021 reached 34,358,467, with a decrease of 6,410,499.8 compared to the previous period[117]. - The net profit attributable to shareholders was 4,885,476, representing a decrease of 3,323,600 from the previous period[117]. - The total comprehensive income attributable to the parent company was CNY 8,474,156.90, down from CNY 11,426,610.89 in the previous year[104]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥50,210,849.67, compared to -¥37,241,006.33 in the previous year, indicating a worsening cash flow situation[20]. - Cash and cash equivalents decreased by 22.59% to CNY 356,737,918.65, representing 52.42% of total assets[43]. - The company reported a net cash outflow from operating activities of 50.21 million yuan, compared to a net outflow of 37.24 million yuan in the previous year[37]. - The total cash and cash equivalents at the end of the period were 347,497,779.42 RMB, compared to 198,883,119.72 RMB at the end of the same period last year, indicating an improvement in liquidity[113]. - The company experienced a net increase in cash and cash equivalents of -92,554,445.30 RMB, compared to -118,330,774.39 RMB in the previous year, indicating a slight improvement in cash management[113]. Assets and Liabilities - Total assets decreased by 5.49% to ¥680,554,132.21 from ¥720,069,226.37 at the end of the previous year[20]. - The company's equity attributable to shareholders increased to ¥525,147,425.29 from ¥516,143,545.06, showing a growth of about 1.9%[95]. - Total liabilities decreased to ¥164,273,787.66 from ¥210,199,381.63, a reduction of approximately 21.8%[95]. - The total assets at the end of the reporting period amounted to 489,417,580, reflecting a solid financial position[132]. - The total liabilities were reported at 252,664,524, indicating a manageable debt level relative to assets[133]. Research and Development - Research and development expenses reached 33.85 million yuan, accounting for 17.06% of operating revenue, representing a 30.82% increase year-on-year[32]. - The company reported a significant increase in R&D expenses, totaling CNY 33,852,239.31, up 30.82% compared to the previous period[41]. - The company is investing heavily in R&D, with a budget allocation of 200 million for new technology development aimed at enhancing user experience[64]. Market and Clientele - The global database market was approximately USD 67.1 billion in 2020, with China's market at USD 3.5 billion, accounting for 5.20%[24]. - China's database market is projected to reach CNY 68.8 billion by 2025, with a compound annual growth rate of 23.40%[24]. - The company has over 2,000 clients across various sectors, including government, finance, and telecommunications[28]. - The company is focusing on expanding into new industries while maintaining its presence in key sectors such as government, finance, and telecommunications[34]. Corporate Governance and Shareholder Information - The company has established a governance structure including a shareholders' meeting, board of directors, and supervisory board[151]. - The company held its first extraordinary general meeting of shareholders in 2021 on February 4, 2021[50]. - The company’s major shareholders, Chen Zhimin and Zhu Huawei, committed to not reducing their holdings by more than 15% of their total shares within 12 months after the lock-up period ends[61]. - The company completed the grant registration work for the 2021 restricted stock incentive plan on March 11, 2021[55]. - The company has not disclosed any employee stock ownership plans or other incentive measures[56]. Environmental and Social Responsibility - The company is not listed as a key pollutant discharge unit by the Beijing Environmental Protection Bureau as of March 31, 2021[58]. - The company adheres to various environmental protection laws and has not faced any administrative penalties for environmental violations[58]. - The company promotes a low-carbon and environmentally friendly office approach in its daily operations[58]. Risk Management - The company has detailed potential risks in the management discussion and analysis section of the report[7]. - The company is focusing on technology innovation to mitigate risks associated with rapid technological changes and market fluctuations[47]. - The company plans to enhance its talent acquisition and retention strategies to address potential risks in maintaining a competitive edge in the data technology industry[48].

Financial Performance - Net profit attributable to shareholders increased by 23.37% to CNY 5,068,342.07 year-on-year[8] - Operating revenue rose by 12.13% to CNY 102,196,650.83 compared to the same period last year[8] - Basic earnings per share increased by 17.65% to CNY 0.020[8] - The company reported a net profit margin improvement, although specific figures were not disclosed in the provided content[26] - Total revenue for Q1 2021 was CNY 102,196,650.83, an increase of 12.5% compared to CNY 91,138,316.01 in Q1 2020[26] - Total operating revenue for Q1 2021 was CNY 101,983,672.71, an increase of 12.6% compared to CNY 90,927,692.00 in Q1 2020[29] - Net profit for Q1 2021 reached CNY 8,839,769.92, a decrease of 24.0% from CNY 11,688,311.04 in Q1 2020[30] - The total comprehensive income for Q1 2021 was CNY 8,839,769.92, down from CNY 11,688,311.04 in Q1 2020[30] - The total profit for Q1 2021 was CNY 10,427,606.32, down from CNY 13,701,671.60 in Q1 2020[30] Assets and Liabilities - Total assets decreased by 1.24% to CNY 711,166,141.28 compared to the end of the previous year[8] - Total assets as of March 31, 2021, amounted to CNY 711,166,141.28, a decrease from CNY 720,069,226.37 at the end of 2020[20] - Total liabilities decreased to CNY 196,143,249.13 from CNY 210,199,381.63 year-over-year[20] - Current liabilities totaled CNY 156,217,663.37, down from CNY 175,744,952.66 in the previous year[20] - Non-current liabilities totaled CNY 39,925,585.76, an increase from CNY 34,454,428.97 year-over-year[20] - Total current assets as of March 31, 2021, amounted to ¥657,173,968.23, a decrease from ¥674,299,690.78 as of December 31, 2020, representing a decline of 2.4%[18] - Total liabilities decreased by 34.07% in contract liabilities, amounting to ¥61,598,173.57, down from ¥93,435,505.06[18] Cash Flow - Cash flow from operating activities showed a slight improvement, decreasing by only 1.14% to CNY -31,826,681.98[8] - Operating cash inflow for Q1 2021 was CNY 75,493,218.79, an increase from CNY 67,169,221.79 in Q1 2020, representing an increase of approximately 4.9%[33] - Total cash outflow from operating activities was CNY 107,319,900.77, compared to CNY 99,361,403.29 in the previous year, indicating a rise of about 8.5%[33] - Net cash flow from operating activities was -CNY 31,826,681.98, slightly improved from -CNY 32,192,181.50 in Q1 2020[33] - Cash inflow from investment activities was CNY 0.00, down from CNY 101,045,566.40 in Q1 2020, reflecting a significant decrease[34] - Cash outflow from investment activities totaled CNY 80,289,289.99, compared to CNY 220,034,308.92 in the previous year, a decrease of approximately 63.5%[34] - Net cash flow from investment activities was -CNY 80,289,289.99, an improvement from -CNY 118,988,742.52 in Q1 2020[33] - Cash inflow from financing activities was CNY 33,563,220.12, compared to CNY 0.00 in Q1 2020, indicating new financing efforts[35] - Net cash flow from financing activities was CNY 33,563,220.12, a positive shift from the previous year[35] Shareholder Information - The number of shareholders reached 24,624 at the end of the reporting period[11] - The top two shareholders, Chen Zhimin and Zhu Huawai, hold 30.07% and 28.95% of shares respectively, both of which are pledged[11][12] Expenses - Research and development expenses increased by 33.36% to ¥16,548,725.65 compared to ¥12,409,074.15 in the previous period[15] - Sales expenses rose by 30.52% to ¥8,824,655.11, primarily due to increased stock incentive costs[15] - Management expenses increased by 41.05% to ¥5,032,588.86, driven by higher employee compensation and stock incentive costs[15] - Research and development expenses for Q1 2021 were CNY 9,943,153.75, compared to CNY 6,184,880.67 in Q1 2020, representing an increase of 60.0%[29] - Tax expenses for Q1 2021 were CNY 1,587,836.40, compared to CNY 2,013,360.56 in Q1 2020, indicating a decrease of 21.1%[30] Other Financial Metrics - The weighted average return on net assets increased by 0.14 percentage points to 0.98%[8] - The company reported a significant increase in trading financial assets, rising by 74,416.23% to CNY 80,932,267.79 due to idle fund management[13] - The accounts receivable increased by 128.15% to CNY 3,664,338.40, indicating improved collection efforts[13] - Cash and cash equivalents decreased to ¥382,293,316.44 from ¥460,820,967.54, a reduction of approximately 17%[18] - Cash and cash equivalents were CNY 378,202,483.17, down from CNY 441,643,926.46 at the end of 2020, representing a decline of 14.3%[22] - Inventory decreased to CNY 40,097,973.26 from CNY 63,775,303.21, a decline of 37.2%[23] - Shareholders' equity increased to CNY 515,022,892.15 from CNY 509,869,844.74, reflecting a growth of 1.3%[20] Leasing Standards - The company implemented new leasing standards effective January 1, 2021, impacting financial statement adjustments[39] - The company did not apply retrospective adjustments for prior comparative data under the new leasing standard[44] - The audit report is not applicable for this quarter[44]

Financial Performance - The company achieved a net profit attributable to shareholders of RMB 34,653,432.26 for the year 2020, with the parent company's net profit at RMB 50,157,987.90[5]. - The company's operating revenue for 2020 was approximately ¥396.71 million, a decrease of 28.04% compared to ¥551.29 million in 2019[23]. - The net profit attributable to shareholders for 2020 was approximately ¥34.65 million, down 41.02% from ¥58.76 million in 2019[23]. - The basic earnings per share for 2020 was ¥0.14, a decline of 39.13% from ¥0.23 in 2019[24]. - The weighted average return on equity decreased to 6.89% in 2020, down 5.94 percentage points from 12.83% in 2019[24]. - The net cash flow from operating activities increased significantly to approximately ¥85.45 million, a 174.21% increase from ¥31.16 million in 2019[23]. - The total assets at the end of 2020 were approximately ¥720.07 million, reflecting a 4.36% increase from ¥689.97 million at the end of 2019[23]. - The company's net assets attributable to shareholders increased by 5.46% to approximately ¥516.14 million at the end of 2020, compared to ¥489.42 million at the end of 2019[23]. Dividend Distribution - A total of RMB 5,151,000.00 will be distributed as cash dividends, amounting to RMB 0.20 per share based on a total share capital of 257,550,000 shares[5]. - The remaining undistributed profit after the dividend distribution will be RMB 240,618,439.84, which will be carried forward to the next year[5]. - The company plans to allocate 10% of the parent company's net profit, amounting to RMB 5,015,798.79, to the statutory surplus reserve[5]. - The company approved a cash dividend of CNY 0.04 per share, totaling CNY 8,422,150.80 for the fiscal year 2019, based on a total share capital of 210,553,770 shares[82]. - The company has established a three-year shareholder dividend return plan for 2020-2022 to enhance transparency and protect investors' rights[81]. Risk Management - The company has provided a detailed description of potential risks in the report, emphasizing the importance of investor awareness[9]. - The company recognizes potential risks including technology, market, and talent risks, and is implementing strategies to mitigate these challenges[79]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[8]. - There are no violations of decision-making procedures regarding external guarantees[9]. Corporate Governance - The report includes a standard unqualified audit opinion from the accounting firm, ensuring the accuracy and completeness of the financial statements[4]. - The company’s independent directors fulfilled their responsibilities during the decision-making process for profit distribution, ensuring compliance and transparency[83]. - The company’s profit distribution plan aligns with its articles of association and shareholder resolutions, maintaining clear standards and distribution ratios[82]. - The company has established a transparent communication channel with investors, ensuring timely and accurate information disclosure[125]. - The independent directors have been able to perform their duties independently without influence from major shareholders or actual controllers[173]. Business Operations - The company operates primarily in the software and information technology services industry, which is experiencing steady growth due to strong economic development and information technology investments in China[34]. - The company’s core business is database technology, supported by data computing and storage services, forming a "one core, two wings" business structure[34]. - The company has over 2,000 clients across various key industries, including government, finance, telecommunications, and energy[39]. - The company launched its proprietary product brand "Vast+" and service brand "Apollo+", along with industry-specific big data solutions "Data+"[44]. - The company has established three major R&D centers in Guangzhou, Hangzhou, and Beijing, with a new center in Nanjing under construction[43]. Shareholder Information - The top two shareholders, Chen Zhimin and Zhu Huawai, hold 30.65% and 29.51% of the shares respectively, with a total of 152,007,754 shares between them[142]. - The company does not have any controlling shareholders or actual controllers, as confirmed in the report[145]. - The number of ordinary shareholders increased from 24,624 to 26,439 during the reporting period[140]. - The company’s stock incentive plan included a total of 143,473,960 shares of restricted stock at the beginning of the year, with 143,436,076 shares released during the year[137]. Future Outlook - The company’s future plans and development strategies are subject to risks and do not constitute a commitment to investors[7]. - The company plans to expand its marketing service network across seven major service centers in key economic regions, aiming to improve market share and customer response speed[76]. - The company aims to enhance user experience through strict adherence to user data protection laws and continuous optimization of service processes[76]. - The company has set a performance guidance for the next fiscal year, projecting a revenue growth of 15% to 20%[157]. Compliance and Legal Matters - There were no major lawsuits or arbitration matters reported for the year[107]. - The company has not faced any risks of suspension or termination of listing during the reporting period[106]. - The company has implemented a stock incentive plan, with the second unlock period for restricted stock achieved in April 2020[108]. - The company has maintained compliance with the relevant regulations of the China Securities Regulatory Commission regarding corporate governance[175].

Financial Performance - Net profit attributable to shareholders decreased by 39.89% to CNY 19,964,562.66 for the first nine months[9] - Operating revenue for the first nine months was CNY 292,474,103.58, down 23.69% year-on-year[9] - Basic earnings per share decreased by 39.69% to CNY 0.079[9] - The company reported a decrease of 50.80% in net profit after deducting non-recurring gains and losses for the first nine months[9] - Total operating revenue for Q3 2020 was ¥104,118,005.25, a decrease of 32.9% compared to ¥155,197,497.85 in Q3 2019[26] - Net profit for Q3 2020 was ¥8,292,234.29, a decline of 37.5% from ¥13,201,798.15 in Q3 2019[27] - The total profit for Q3 2020 was ¥11,203,716.86, a decrease of 27.5% compared to ¥15,527,208.51 in Q3 2019[27] - The company reported a total operating profit of ¥11,211,717.02 for Q3 2020, down from ¥15,826,951.07 in Q3 2019[27] - The net profit for Q3 2020 was CNY 12.31 million, down 28.6% from CNY 17.24 million in Q3 2019[33] - The company’s total operating expenses for Q3 2020 were CNY 71.21 million, a decrease of 36.2% from CNY 111.78 million in Q3 2019[32] Asset and Liability Management - Total assets decreased by 6.08% to CNY 648,011,847.85 compared to the end of the previous year[9] - Total liabilities decreased from CNY 202,365,271.85 to CNY 151,099,537.74, a decline of about 25%[20] - Current liabilities decreased from CNY 158,530,942.47 to CNY 122,068,378.77, a decrease of approximately 23%[20] - Non-current assets decreased from CNY 66,516,550.88 to CNY 49,685,442.77, representing a reduction of about 25%[20] - The company reported a decrease in total liabilities by CNY 44,683,734.11 compared to the previous period[20] - The company adjusted the "pre-receipts" item to "contract liabilities" with an adjustment amount of 14,737,766.79 RMB, in accordance with the new revenue recognition standards[44] Cash Flow Analysis - Net cash flow from operating activities was negative at CNY -11,597,211.89 for the first nine months[9] - Net cash flow from operating activities decreased to -¥11,597,211.89 from -¥41,843,854.38, an improvement of ¥30,246,642.49[15] - Net cash flow from investing activities improved to ¥2,571,203.24 from -¥109,594,228.61, an increase of ¥112,165,431.85[15] - Net cash flow from financing activities decreased to -¥9,026,137.03 from -¥13,632,878.11, an improvement of ¥4,606,741.08 due to reduced dividend distributions[15] - The company reported a net cash flow from operating activities of CNY -11.60 million for the first three quarters of 2020, an improvement from CNY -41.84 million in the same period of 2019[35] - The cash and cash equivalents at the end of Q3 2020 were CNY 321.03 million, compared to CNY 199.99 million at the end of Q3 2019[37] - The company reported a significant reduction in cash outflow from investment activities, indicating a strategic focus on capital efficiency[40] Shareholder Information - The company had a total of 25,916 shareholders at the end of the reporting period[11] - The top two shareholders, Chen Zhimin and Zhu Huawai, held 30.65% and 29.51% of shares respectively, both with pledged shares[11] - Shareholders' equity totaled $508,244,487.30, including paid-in capital of $210,609,840.00 and retained earnings of $209,049,401.53[48] Receivables and Payables - Accounts receivable increased significantly to ¥12,573,981.44 from ¥1,355,247.40, a rise of ¥11,218,734.04 or 827.80% due to the acceptance of bills[13] - Prepayments rose to ¥1,674,112.95 from ¥497,981.00, an increase of ¥1,176,131.95 or 236.18% attributed to payments to suppliers[13] - Other receivables increased to ¥6,007,827.15 from ¥4,567,533.77, a rise of ¥1,440,293.38 or 31.53% due to increased deposits[13] - The company maintained a strong position in accounts receivable, totaling 134,954,954.83 RMB, indicating effective credit management[42] - The company has a total of $68,738,451.06 in accounts payable, indicating strong operational liabilities management[47] Income and Expenses - Other income increased to ¥1,735,165.60 from ¥694,806.46, an increase of ¥1,040,359.14 or 149.73% due to higher government subsidies[14] - Investment income rose to ¥3,831,701.19 from ¥2,856,835.22, an increase of ¥974,865.97 or 34.12% due to higher financial returns[14] - Research and development expenses increased to ¥14,239,228.29 in Q3 2020, up 16.7% from ¥12,199,444.45 in Q3 2019[26] - Research and development expenses for Q3 2020 were CNY 8.27 million, an increase of 13.2% compared to CNY 7.30 million in Q3 2019[32] - The company recorded investment income of CNY 1.85 million in Q3 2020, up 46.3% from CNY 1.26 million in Q3 2019[32]