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]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥188,356,098.33, a decrease of 17.42% compared to ¥228,082,909.69 in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2020 was ¥11,426,610.89, down 39.58% from ¥18,910,826.97 in the previous year[20]. - Basic earnings per share for the first half of 2020 were ¥0.045, a decrease of 40.00% compared to ¥0.075 in the same period last year[21]. - The company reported a significant decline in key operating indicators due to the adverse impact of the national economic downturn[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was 7.77 million yuan, a decline of 55.58% compared to the previous year[34]. - The company reported a significant reduction in tax expenses, decreasing by 74.13% to ¥327,647.37 due to lower turnover tax[44]. - The net profit for the first half of 2020 was CNY 9,508,978.30, a decline of 49.5% from CNY 18,813,596.63 in the first half of 2019[109]. - The company reported a net loss attributable to shareholders of 8,422,150.8, indicating a significant decline in profitability[124]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥37,241,006.33, showing an improvement from -¥48,714,362.82 in the same period last year[20]. - The net cash flow from investment activities increased by ¥4,116.36 million, primarily due to the maturity of financial products[38]. - The company achieved a cash inflow from operating activities of RMB 179.53 million in the first half of 2020, compared to RMB 174.50 million in the same period of 2019[115]. - Cash inflow from investment activities amounted to CNY 261,197,452.64, up from CNY 221,594,332.02 in the previous year, representing a growth of 17.9%[119]. - The ending balance of cash and cash equivalents was CNY 198,883,119.72, compared to CNY 176,058,716.32 at the end of the same period last year, reflecting an increase of 12.9%[120]. - The company reported a decrease in cash flow of 42,498,387.0, highlighting liquidity challenges[128]. Assets and Liabilities - The total assets at the end of the reporting period were ¥653,649,360.88, a decrease of 5.26% from ¥689,968,905.74 at the end of the previous year[20]. - Total liabilities decreased to ¥165,065,117.03 from ¥202,365,271.85, a reduction of approximately 18.4%[103]. - The company’s total assets at the end of the reporting period were 488,584,243.0, down from the previous period[128]. - The total liabilities at the end of the reporting period were 433,695,386, showing a slight increase compared to the previous period[129]. Research and Development - The company has established three R&D centers in Guangzhou, Hangzhou, and Beijing, focusing on database, data computing, and data storage products[34]. - Research and development expenses increased by 17.62% year-on-year, reaching ¥25,877,340.32, up from ¥22,001,666.94[39]. - The company emphasizes continuous R&D investment to strengthen its core competitiveness and enhance product innovation[34]. Shareholder Structure and Equity - The total number of shares before the recent changes was 210,609,840, with 143,473,960 shares subject to restrictions, representing 68.12% of the total[81]. - The company has a total of 143,473,960 restricted shares, with 143,326,960 shares under lock-up at the end of the reporting period[87]. - The top ten shareholders held a total of 77,436,778 shares, representing 30.65% of the total shares[90]. - The company has retained the auditing firm for the 2020 fiscal year to provide financial statement audits and internal control audits, with a one-year term[69]. Market and Product Development - The company launched the "Vast+" product series, "Atlas+" cloud product series, and "Apollo+" service series during the reporting period, enhancing its market competitiveness[34]. - The company plans to focus on new product development and market expansion strategies in the upcoming quarters[128]. - The company aims to enhance its financial position through strategic investments and potential acquisitions in the upcoming quarters[104]. Risks and Challenges - The company faces potential risks including technology, market, and talent risks, which may impact future performance[56]. - The management expects a gradual recovery in performance as market conditions improve in the second half of 2020[128]. Corporate Governance - The company has established a comprehensive corporate governance structure, including various departments such as compliance, finance, and marketing[150]. - The company has implemented a stock incentive plan, with the second phase of restricted stock lifting restrictions approved in April 2020[70].

Financial Performance - The company achieved a total operating revenue of RMB 551,293,052.35 in 2019, representing a 2.70% increase compared to RMB 536,807,377.98 in 2018[22]. - The net profit attributable to shareholders of the listed company was RMB 58,756,539.20, an increase of 8.50% from RMB 54,152,642.94 in the previous year[22]. - The company reported a net profit of RMB 71,926,755.20 at the parent company level for the year[4]. - The net profit attributable to shareholders of the listed company increased by 12.40% year-on-year, reaching CNY 489,417,580.87 at the end of 2019[23]. - The total assets of the company grew by 4.69% year-on-year, amounting to CNY 689,968,905.74 at the end of 2019[23]. - Basic earnings per share rose by 7.69% to CNY 0.28 in 2019 compared to CNY 0.26 in 2018[24]. - The weighted average return on equity decreased by 0.62 percentage points to 12.83% in 2019[24]. - The company reported a significant increase in operating cash flow, with a net amount of CNY 31,161,193.93 in 2019, compared to a negative cash flow in the previous year[23]. - The company achieved a quarterly revenue of CNY 168,012,644.81 in Q4 2019, with a net profit of CNY 25,543,434.71 for the same period[26]. - The company’s total distributable profit at the end of the reporting period was RMB 209,049,401.53 after accounting for the cash dividends paid[4]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of RMB 0.40 per share, totaling RMB 8,422,150.80, based on a total share capital of 210,553,770 shares[4]. - After the dividend distribution, the remaining undistributed profit will be RMB 200,627,250.73, which will be carried forward to the next year[4]. - The company approved a cash dividend of RMB 1.10 per 10 shares, totaling RMB 16,547,916 for the 2018 fiscal year[90]. - In 2019, the company did not distribute any cash dividends, with a cash dividend payout ratio of 14.33% for 2019[92]. - The cash dividend for 2018 represented 30.56% of the net profit attributable to ordinary shareholders[92]. - The company has a clear cash dividend policy that complies with relevant regulations, ensuring the protection of minority shareholders' rights[91]. - The company has maintained a transparent decision-making process regarding dividend distribution, with independent directors fulfilling their responsibilities[91]. - The company has not proposed any cash profit distribution plan despite having positive distributable profits for the reporting period[93]. Research and Development - The company plans to increase R&D investment and accelerate technological innovation to drive long-term development[47]. - The company’s R&D expenses rose to 47,446,529.21 RMB, marking an 18.93% increase year-on-year[61]. - The company is committed to enhancing user data platform usability, security, and cost-effectiveness, supporting digital transformation initiatives[34]. - The company’s technology services include annual operation and maintenance services and specialized services, focusing on direct sales to end users[37]. - The company’s system integration business provides planning, design, software licensing, and hardware maintenance services, also targeting end users directly[38]. Market and Product Development - The company launched a series of new products in response to market demand, focusing on database, data storage, and data security solutions[34]. - The company has enhanced its product series, including AtlasDB, VastData, and Vastorage, which have received positive feedback from users[47]. - The global big data market is projected to reach $56 billion in revenue by 2020, with a compound annual growth rate exceeding 14% from 2016[40]. - The company is actively pursuing mergers and acquisitions through its subsidiary, aiming to enhance its core competitiveness in the data technology field[57]. - The company is considering strategic acquisitions to enhance its product offerings, with a budget of $200 million allocated for potential deals[96]. Governance and Compliance - The company has maintained a standard unqualified audit report from its accounting firm, Zhihong Accounting Firm[8]. - The company has implemented the revised accounting standards for financial instruments starting January 1, 2019, with no significant impact on the financial statements during the reporting period[106]. - The company has retained the accounting firm Zhihong for the 2019 audit, with an audit fee of 550,000 RMB[108]. - There were no major lawsuits or arbitration matters during the reporting period[110]. - The company has not faced any risks of suspension or termination of its listing[109]. - The company has established a transparent communication channel with investors, ensuring timely and accurate information disclosure[122]. Financial Management - The company has invested a total of 2,000 million RMB in bank wealth management products and 7,000 million RMB in broker wealth management products using its own funds[116]. - The company has achieved an annualized return rate of 5.25% on a wealth management product with a total investment of 1,000 million RMB[119]. - The company has a total of 3,000 million RMB invested in broker wealth management products with an annualized return rate of 4.80%[119]. - The company reported a financial income of CNY 4,583,650.25 in 2019, compared to CNY 3,239,027.73 in 2018, indicating improved financial management[200]. Employee and Management Structure - The company has a total of 344 employees, with 208 in the parent company and 136 in major subsidiaries[164]. - The employee composition includes 97 sales personnel, 189 technical personnel, 9 financial personnel, and 49 administrative personnel[164]. - The company has established a compensation system that includes basic salary, performance pay, and other incentives, aligning with industry standards[165]. - The board consists of 7 members, including 3 independent directors, ensuring a diverse and qualified governance structure[170]. - The company has implemented a standardized performance evaluation and incentive mechanism for senior management[175]. Future Outlook - The company provided guidance for the next quarter, expecting revenue to be between $520 million and $550 million, indicating a potential growth of 4% to 10%[96]. - The company has set a future outlook with a revenue guidance of $1.5 billion for the next fiscal year, indicating a growth target of 25%[159]. - Future outlook includes continued investment in R&D and potential market expansion strategies to drive growth[200].

Financial Performance - Operating revenue for the current period was ¥91,138,316.01, a decrease of 13.48% compared to the same period last year[7]. - Net profit attributable to shareholders decreased by 43.41% to ¥4,108,404.20[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 47.96% to ¥3,669,506.76[7]. - Basic earnings per share decreased by 33.33% to ¥0.02[7]. - Total operating revenue for Q1 2020 was ¥91,138,316.01, a decrease of 13.4% compared to ¥105,339,696.34 in Q1 2019[27]. - Net profit for Q1 2020 was ¥3,258,265.45, a decline of 50.4% from ¥6,563,157.83 in Q1 2019[27]. - The net profit attributable to the parent company was ¥4,108,404.20, down from ¥7,259,816.51 in the previous year, representing a decline of 43.5%[28]. - The total comprehensive income for the period was ¥3,258,265.45, compared to ¥6,563,157.83 in the same period last year, reflecting a decrease of 50.4%[28]. - The basic and diluted earnings per share were both ¥0.02, down from ¥0.03 in Q1 2019[28]. Assets and Liabilities - Total assets decreased by 4.80% from the end of the previous year, amounting to ¥656,850,112.28[7]. - Total assets decreased to ¥656,850,112.28 from ¥689,968,905.74[19]. - Total current liabilities decreased to ¥129,820,043.10 from ¥158,530,942.47[19]. - Total assets as of March 31, 2020, amounted to ¥696,321,538.82, a decrease from ¥705,552,384.91 at the end of 2019[22]. - Total liabilities as of March 31, 2020, were ¥176,341,315.48, down from ¥197,307,897.61 at the end of 2019[23]. - Shareholders' equity totaled ¥519,980,223.34 as of March 31, 2020, compared to ¥508,244,487.30 at the end of 2019, reflecting an increase of 1.4%[23]. - Total liabilities stood at CNY 202,365,271.85, consistent with the previous year's figure[38]. - The company's equity attributable to shareholders was CNY 489,417,580.87, remaining stable compared to the previous year[38]. Cash Flow - Cash and cash equivalents decreased by 44.27% to ¥190,337,418.75 from ¥341,516,500.67 due to idle fund management[13]. - Operating cash flow net amount was -¥32,192,181.50, a slight decrease compared to -¥32,017,887.94 in the previous period[14]. - Investment cash flow net amount was -¥118,988,742.52, an increase from -¥91,416,419.24 in the previous period, mainly due to an increase in financial products[14]. - The cash flow from operating activities was negative at -¥32,192,181.50, slightly worse than -¥32,017,887.94 in the previous year[33]. - The net cash flow from investment activities was -¥118,988,742.52, compared to -¥91,416,419.24 in the same period last year, indicating a worsening situation[33]. - The company reported cash inflows from investment activities of ¥101,045,566.40, an increase from ¥80,238,821.40 in Q1 2019[33]. - The company experienced a decrease in sales expenses, which were ¥3,966,039.45, down from ¥5,318,192.38 in Q1 2019, reflecting a reduction of 25.4%[31]. Shareholder Information - The number of shareholders at the end of the reporting period was 16,181[11]. - The top two shareholders, Zhu Huawei and Chen Zhimin, held 30.70% and 30.64% of shares respectively[11]. Non-Recurring Items - Government subsidies recognized in the current period amounted to ¥85,249.04[9]. - Non-recurring gains and losses totaled ¥438,897.44 for the current period[9]. Inventory and Receivables - Accounts receivable increased by 672.23% to ¥10,465,631.30 from ¥1,355,247.40, mainly due to an increase in bank acceptance bills[13]. - Inventory decreased by 36.66% to ¥29,071,671.42 from ¥45,899,080.95, resulting from a reduction in orders on hand[13]. - Prepayments increased by 916.76% to ¥5,063,254.12 from ¥497,981.00, primarily due to increased payments to suppliers[13]. - Accounts receivable increased to ¥142,175,775.36 from ¥132,897,816.30, representing a growth of 7.6%[21]. - Inventory decreased to ¥27,912,375.72 from ¥45,058,422.60, a reduction of 38.1%[22]. Research and Development - Research and development expenses for Q1 2020 were ¥12,409,074.15, an increase of 24.1% compared to ¥10,002,141.15 in Q1 2019[27]. - Research and development expenses remained stable at ¥6,184,880.67, compared to ¥6,226,793.93 in the previous year[31]. Management Expenses - Management expenses decreased by 33.49% to ¥3,568,057.49 from ¥5,365,025.03, reflecting reduced management expenditures[14].

Financial Performance - Net profit attributable to shareholders decreased by 20.33% to CNY 33,213,104.49 for the year-to-date period[6]. - Operating revenue for the year-to-date period decreased by 0.75% to CNY 383,280,407.54 compared to the same period last year[6]. - Basic earnings per share decreased by 20.20% to CNY 0.158[6]. - Weighted average return on equity decreased by 2.99 percentage points to 7.39%[6]. - Total revenue for Q3 2019 reached ¥155,197,497.85, a 23.5% increase from ¥125,771,372.30 in Q3 2018[26]. - Net profit for Q3 2019 was ¥13,201,798.15, compared to ¥18,256,950.89 in Q3 2018, indicating a decrease of 27.5%[27]. - Total profit for the first three quarters of 2019 was CNY 47,352,642.28, slightly down from CNY 47,529,354.37 in the same period of 2018, a decline of approximately 0.4%[30]. Cash Flow - Net cash flow from operating activities for the year-to-date period was negative CNY 41,843,854.38, a decrease of 264.60% compared to the previous year[6]. - The company reported a net cash outflow from operating activities of ¥-41,843,854.38, a decrease of 264.60% compared to the previous period[13]. - Cash flow from operating activities for the first three quarters of 2019 was CNY 308,172,940.47, compared to CNY 367,601,968.40 in the same period of 2018, a decline of approximately 16.1%[32]. - The total cash and cash equivalents at the end of Q3 2019 were 193,969,641.19 RMB, down from 308,851,326.61 RMB at the end of Q3 2018[36]. - The net increase in cash and cash equivalents for Q3 2019 was -150,063,759.44 RMB, contrasting with an increase of 25,852,668.84 RMB in Q3 2018[36]. Assets and Liabilities - Total assets increased by 0.99% to CNY 665,603,308.53 compared to the end of the previous year[6]. - Total liabilities increased, with other payables rising by 35.62% to ¥691,936.84 from ¥510,208.41, reflecting an increase in other payable items[12]. - Total current assets increased to ¥614,725,563.19 as of September 30, 2019, compared to ¥588,852,777.88 at the end of 2018, reflecting a growth of approximately 2.4%[17]. - Total liabilities decreased to ¥212,014,143.03 from ¥225,533,515.31, representing a reduction of about 6.0%[19]. - Total liabilities as of Q3 2019 amounted to ¥225,869,384.58, slightly up from ¥224,219,152.40 in the same period last year[27]. Shareholder Information - The total number of shareholders at the end of the reporting period was 20,763[9]. - The largest shareholder, Zhu Huawai, holds 32.29% of shares, with 68,016,312 shares pledged[9]. - The second-largest shareholder, Chen Zhimin, holds 30.64% of shares, with 64,530,648 shares pledged[9]. Other Financial Metrics - Government subsidies recognized in the year-to-date period amounted to CNY 39,140.61[8]. - Research and development expenses for Q3 2019 were ¥12,199,444.45, compared to ¥10,125,339.52 in Q3 2018, marking an increase of 20.5%[26]. - The company experienced a credit impairment loss of CNY 5,477,434.87 for the first three quarters of 2019, indicating challenges in asset quality[30]. - The company plans to focus on market expansion and new product development in the upcoming quarters, aiming to enhance revenue streams[30].