Financial Performance - Operating revenue for the first nine months rose by 1.77% to CNY 131,271,740.53 compared to the same period last year[6] - Net profit attributable to shareholders increased by 1.74% to CNY 20,312,859.37 compared to the same period last year[6] - The net profit excluding non-recurring gains and losses decreased by 4.10% to CNY 17,934,643.34 compared to the same period last year[6] - Total operating revenue for Q3 2017 was ¥47,680,501.47, an increase of 12.7% compared to ¥42,528,816.05 in Q3 2016[28] - Net profit for Q3 2017 reached ¥8,378,300.76, representing a significant increase of 74.5% compared to ¥4,819,102.87 in Q3 2016[29] - The company reported a total profit of ¥10,303,573.58 for Q3 2017, up from ¥4,985,015.87 in Q3 2016, marking a year-over-year increase of 106.5%[29] - The total comprehensive income for Q3 2017 was ¥8,378,300.77, compared to ¥4,819,102.87 in Q3 2016, reflecting a growth of 74.5%[29] - The operating profit for the first nine months was ¥22,943,798.20, compared to ¥4,964,109.89 in the same period last year, reflecting a year-over-year increase of 362.5%[31] Assets and Liabilities - Total assets increased by 7.59% to CNY 828,974,675.01 compared to the end of the previous year[6] - The company's total assets at the end of the reporting period increased by 43.94% compared to the beginning of the period, reaching RMB 23,922,113.48[13] - Current assets totaled 673,334,828.83 RMB, down from 706,127,482.17 RMB at the start of the year[18] - Total liabilities decreased to 41,007,638.82 RMB from 52,506,853.60 RMB, showing a reduction of approximately 22.00%[20] - Total liabilities as of Q3 2017 amounted to ¥84,573,977.47, an increase from ¥79,471,039.72 in the previous year[28] - The company's equity attributable to shareholders was 787,967,036.19 RMB, slightly down from 789,700,140.56 RMB at the beginning of the year[20] Cash Flow - Net cash flow from operating activities improved by 45.65%, reaching CNY -26,556,103.30 for the first nine months[6] - The net cash flow from operating activities for Q3 2017 was -26,556,103.30 RMB, a decrease of 43.60% compared to the same period last year[15] - The net cash flow from investing activities was -193,349,948.00 RMB, an increase of 112.34% year-over-year, primarily due to the purchase of structural deposits[15] - The net cash flow from financing activities was -29,999,154.78 RMB, a decrease of 107.87% compared to the previous year, attributed to dividend payments to shareholders[15] - The cash flow from operating activities showed a net outflow of ¥26,556,103.30 for the first nine months, an improvement from a net outflow of ¥47,084,199.45 in the previous year[35] - The company reported cash inflows from investment activities of ¥155,000,000.00, while cash outflows for investments totaled ¥348,349,948.00, resulting in a net cash outflow of ¥193,349,948.00[36] Shareholder Information - The total number of shareholders reached 25,811 by the end of the reporting period[10] - The largest shareholder, Jiang Hongye, holds 43.21% of the shares, totaling 95,400,000 shares[10] Expenses - Sales expenses rose by 46.07% year-on-year to RMB 9,247,270.11, driven by the expansion of the national sales network and increased sales channel construction[14] - Management expenses increased by 40.28% to RMB 43,893,440.92, attributed to a significant rise in employee numbers to support business operations[14] - Financial expenses saw a dramatic increase of 514.18%, resulting in a loss of RMB -9,259,263.79, due to a substantial rise in interest income from bank deposits following the public offering[14] - The company incurred sales expenses of ¥3,583,544.58 in Q3, up from ¥2,240,203.53 in the same period last year, reflecting a rise of 60.0%[31] Research and Development - The company has made significant investments in research and development, indicating a commitment to innovation and market expansion[12] - Fixed assets increased by 43.94% compared to the beginning of the period, reflecting the company's enhanced investment in research and development[13] - Development expenditures surged by 148.86% to RMB 20,007,065.17, indicating a strong focus on product development projects[13]

Financial Performance - The company achieved operating revenue of CNY 83,591,239.06 in the first half of 2017, a decrease of 3.32% compared to the same period last year[18]. - The net profit attributable to shareholders was CNY 11,934,558.60, down 21.20% year-on-year[18]. - The net profit after deducting non-recurring gains and losses was CNY 9,550,041.01, a decline of 30.99% compared to the previous year[19]. - Basic earnings per share decreased by 44.44% to CNY 0.05 compared to CNY 0.09 in the same period last year[20]. - The weighted average return on net assets was 1.50%, a decrease of 2.88 percentage points from the previous year[20]. - Operating profit for the first half of 2017 was CNY 11,243,723.38, down 30.5% from CNY 16,299,408.36 in the previous year[92]. - The company reported a net profit of CNY 11,243,723.38 for the first half of 2017, compared to CNY 16,299,408.36 in the same period last year, indicating a decline of 30.5%[92]. - Total profit for the first half of 2017 was CNY 2,651,112.89, a decrease of 41.5% from CNY 4,535,242.80 in the same period last year[97]. Cash Flow and Assets - The net cash flow from operating activities was CNY 653,591.82, a significant improvement from a negative cash flow of CNY -57,935,546.40 in the same period last year, representing a 101.13% increase[19]. - The company reported a significant increase in cash flow from operating activities, reaching 653,591.82 yuan, a turnaround from a negative cash flow in the previous year[42]. - Cash and cash equivalents decreased to RMB 524,250,053.37 from RMB 560,710,977.54, reflecting a decline of about 6.5%[85]. - The company reported a total current assets of RMB 676,333,780.21 as of June 30, 2017, down from RMB 706,127,482.17 at the beginning of the period, representing a decrease of approximately 4.5%[85]. - The total assets at the end of the reporting period were CNY 817,864,656.58, a decrease of 2.89% from the end of the previous year[19]. - The company's cash and cash equivalents were CNY 476,953,956.45, down 9.0% from CNY 524,024,435.68 at the beginning of the year[89]. - The total equity attributable to shareholders decreased to CNY 779,588,735.42 from CNY 789,700,140.56, a decline of 1.4%[87]. Operating Costs and Expenses - The operating costs for the period were CNY 48,593,900, an increase of 14.04% year-on-year, influenced by staff expansion and rising labor costs[20]. - Total operating costs increased to CNY 73,889,182.35, up 5.2% from CNY 70,159,541.83 year-on-year[92]. - Employee compensation payments increased to ¥32,777,425.52 from ¥28,093,750.87, reflecting a rise of about 16%[103]. - Development expenditures rose by 100.35%, reflecting the normal execution of R&D projects according to their milestones[30]. - R&D expenditure rose by 20.49% to 14.15 million yuan, indicating a significant investment in new technologies and products[42]. Shareholder Information - The company held two shareholder meetings during the reporting period, one on March 3, 2017, and another on May 18, 2017[58]. - The company has committed to not transferring or entrusting the management of its shares for a period of 36 months following the listing[59]. - The company’s shareholders are restricted from transferring more than 25% of their shares within six months after leaving their positions[59]. - The total number of ordinary shareholders reached 27,479 by the end of the reporting period[73]. - The top shareholder, Jiang Hongye, holds 95,400,000 shares, representing 43.21% of the total shares, with 28,000,000 shares pledged[74]. Market Position and Strategy - The company maintains a leading position in the mobile internet multimedia software industry, supporting tens of millions of users and over a million content items[31]. - The company focuses on core software product R&D, offering a comprehensive range of solutions across various sectors, including telecommunications and media[25]. - The company is focusing on technology innovation and market expansion in the fields of big video and IoT for future growth[40]. - The company signed a strategic cooperation agreement with China Mobile IoT to develop mobile video solutions and smart town IoT systems[36]. - The company aims to expand its client base beyond telecom operators to enhance profitability and risk resilience[54]. Risks and Challenges - The company faces risks related to technology development, including the need for timely upgrades and new technology R&D to maintain competitive advantage[53]. - There is a dependency risk on major clients, particularly telecom operators, which could impact revenue if these clients shift to in-house development[54]. - The company is experiencing rising operational costs due to increasing living expenses in major cities, necessitating innovation in high-margin products[55]. Accounting and Financial Reporting - The company has established specific accounting policies and estimates for inventory, revenue recognition, R&D expenses, and intangible asset amortization[127]. - The company adheres to accounting standards, ensuring that financial statements accurately reflect its financial position and performance[128]. - The company recognizes revenue from sales when the significant risks and rewards of ownership have transferred to the buyer[198]. - The company utilizes the percentage-of-completion method for revenue recognition in technology development projects[200]. - The company conducts impairment tests on fixed assets and intangible assets annually, recognizing impairment losses when recoverable amounts are less than carrying values[190].

Financial Performance - Net profit attributable to shareholders was CNY -3,162,452.84, a decrease of 233.31% year-on-year[5] - Operating revenue fell by 28.14% to CNY 37,720,326.09 compared to the same period last year[5] - The report period's net profit after deducting non-recurring gains and losses was CNY -3,391,661.57, a decrease of 258.88% year-on-year[5] - Operating profit turned negative at -¥3,432,286.64 compared to a profit of ¥2,624,799.05 in the previous period[33] - Net profit also turned negative at -¥3,162,452.84, down from a profit of ¥2,372,299.07 in the same period last year[33] Cash Flow - Net cash flow from operating activities improved by 49.87%, reaching CNY -29,789,255.84[5] - Cash flow from operating activities showed a net outflow of -¥29,789,255.84, an improvement from -¥59,420,081.11 in the previous year[40] - The company reported a net cash flow from operating activities of -21,032,809.43 RMB for Q1 2017, compared to -59,162,682.39 RMB in the same period last year, indicating an improvement[42] - Cash inflow from investment activities was ¥150,000,000.00, with a net cash flow from investments of ¥91,004,868.79[40] - Cash inflow from investment activities totaled 150,000,000.00 RMB, resulting in a net cash flow from investment activities of 91,004,868.79 RMB, a significant increase from -27,864.00 RMB in the previous year[43] Assets and Liabilities - Total assets decreased by 2.39% to CNY 822,103,388.76 compared to the end of the previous year[5] - Current assets totaled ¥676,767,752.45, a decrease of 4.9% from ¥706,127,482.17 at the beginning of the year[23] - Total liabilities decreased to ¥35,591,595.56, down 32.3% from ¥52,506,853.60 at the beginning of the year[25] - Non-current assets amounted to ¥145,335,636.31, an increase of 6.5% from ¥136,079,511.99 at the beginning of the year[24] Shareholder Information - The total number of shareholders reached 32,001 at the end of the reporting period[9] - The largest shareholder, Jiang Hongye, holds 43.21% of the shares, amounting to 95,400,000 shares[9] Operating Costs and Expenses - Operating costs decreased by 25.56% year-on-year to 24,243,493.82 RMB, in line with the decline in operating revenue[14] - Management expenses increased to ¥16,410,000.72 from ¥13,192,160.23, reflecting a rise of approximately 24.5% year-over-year[33] - Sales expenses rose to ¥2,477,813.40 from ¥2,231,095.57, an increase of about 11.1% year-over-year[33] - Financial expenses increased by 272.02% to -2,661,765.69 RMB, attributed to increased bank deposits and corresponding interest income[14] Inventory and Accounts Receivable - Inventory increased by 27.93% from the beginning of the year, reaching 22,265,322.16 RMB, primarily due to unconfirmed settlement amounts from clients[12] - Accounts receivable increased to ¥131,529,772.76, up 9.5% from ¥119,687,079.70 at the beginning of the year[23] Research and Development - Research and development expenses increased by 57.26% to 12,642,658.07 RMB, reflecting the company's commitment to meet high-frequency development demands[12] - The company has significantly increased its investment in research and development, with cash outflow for fixed assets and R&D equipment rising by 829.61%[18] Government Subsidies - The company received government subsidies of CNY 270,833.34 related to normal business operations[7] Future Plans - The company plans to terminate certain fundraising investment projects and redirect funds to the "Integrated Media Operation Platform Project"[20] Impairment Loss - The company reported a significant asset impairment loss of ¥631,589.11 compared to ¥2,124,481.49 in the previous period[33]

Dividend and Shareholder Information - The company plans to distribute a cash dividend of 1.00 RMB per 10 shares, totaling 22,080,000 RMB based on a total share capital of 220,800,000 shares as of December 31, 2016[2]. - The company reported a positive profit available for distribution to ordinary shareholders, but did not propose a cash profit distribution plan[98]. - The profit distribution included a surplus reserve extraction of CNY 7,165,152.45[186]. - The company reported a decrease in profit distribution to shareholders by CNY 49,680,000.00[188]. - The total capital contributions from shareholders amounted to CNY 378,644,098.15[186]. Financial Performance - The company achieved operating revenue of 223.79 million, an increase of 7.97% compared to the previous year[20]. - Net profit attributable to shareholders decreased by 0.76% to 72.70 million[20]. - Basic earnings per share decreased by 6.82% to 0.41 yuan per share[21]. - The weighted average return on equity decreased by 7.53 percentage points to 15.49%[21]. - Net cash flow from operating activities decreased by 54.09% to 34.51 million[20]. - The company's total assets increased by 108.11% to 842.21 million[20]. - The company reported a significant increase in net assets attributable to shareholders, rising by 133.39% to 789.70 million[20]. - Total operating revenue for the current period reached ¥223,787,561.34, an increase of 8.3% compared to ¥207,263,682.48 in the previous period[171]. - Net profit for the current period was ¥72,701,761.14, slightly down by 0.8% from ¥73,260,697.59 in the previous period[171]. Audit and Compliance - The company has received a standard unqualified audit report from Ruihua Certified Public Accountants[4]. - The company appointed Ruihua Certified Public Accountants as its external auditor, with an audit fee of RMB 700,000 for the year 2016[104]. - The company plans to enhance and improve its internal control system in 2017, with an audit by Ruihua Certified Public Accountants[152]. - The independent directors did not raise any objections regarding company matters during the reporting period[156]. - The company did not report any significant internal control deficiencies during the reporting period[157]. Investment and Capital Structure - The company raised a total of RMB 40,075.20 million through the issuance of 55.2 million shares at a price of RMB 7.26 per share, with a net amount of RMB 37,735.36 million after deducting issuance costs[39]. - The company has established a wholly-owned subsidiary, Hefei Minghao Interactive Entertainment Network Technology Co., Ltd., with a capital investment of 50 million yuan[81]. - The company executed multiple equity transfer agreements, including a 0.20% equity transfer (RMB 50,000 investment) to Xu Yongping for RMB 2.4 million[199]. - The company sold 1.60% equity (RMB 400,000 investment) to Anhui Huamao Industrial Investment Co., Ltd. for RMB 22 million[199]. Research and Development - The company aims to maintain high investment in technology research and development to continuously create high-performance video products and solutions suitable for new business models[38]. - Research and development expenses increased by 27.63% to CNY 32.12 million[57]. - The company has obtained 2 national invention patents in 2016, with a total of 10 national invention patents and 35 software copyrights currently held[49]. - The company is actively preparing for the re-evaluation of its high-tech enterprise qualification, which is set to expire in 2017[39]. Market Position and Strategy - The company has a leading advantage in the mobile internet audio and video field, providing solutions for various sectors including telecommunications and media[31]. - The mobile internet multimedia software market is expected to accelerate in growth, driven by trends such as mobile bandwidth upgrades and the increasing scale of multimedia users[35]. - The company plans to deepen cooperation with provincial mobile companies in 2017 to support the provincial operation of China Mobile's video business[44]. - The company aims to enhance its technology support and service levels in the mobile internet multimedia industry chain[86]. Risks and Challenges - The company is facing various risks as outlined in the management discussion and analysis section of the report[4]. - The company acknowledges the risk of rising operational costs due to increasing living expenses in first-tier cities, which may affect overall profitability[91]. - The company is facing risks related to high dependency on major clients, particularly telecom operators, which could impact business development if their demand changes[90]. - The company recognizes the potential for fluctuations in gross profit margins due to varying third-party procurement costs and the acceptance of lower-margin orders[92]. Governance and Management - The company has a governance structure consisting of the shareholders' meeting, board of directors, supervisory board, and senior management, complying with relevant laws and regulations[152]. - The management team has been stable, with key members serving since 2010, indicating continuity in leadership[140]. - The company’s board composition includes independent directors, ensuring oversight and compliance with corporate governance standards[142]. - The total remuneration for all directors, supervisors, and senior management during the reporting period was CNY 2.3258 million[145]. Employee and Workforce - The total number of employees in the parent company was 498, while the total number of employees in major subsidiaries was 265, resulting in a combined total of 763 employees[147]. - The company has 714 R&D personnel, accounting for approximately 93.5% of the total workforce[147]. - The company has established a remuneration and assessment management system for employees, which includes basic salary, position skill salary, and performance salary[148].

Financial Performance - Operating revenue for the first nine months reached CNY 128,987,766.24, a growth of 38.44% year-on-year[6] - Net profit attributable to shareholders for the first nine months was CNY 19,965,066.19, up 17.44% year-on-year[6] - Net profit attributable to shareholders after deducting non-recurring gains and losses increased by 26.93% to CNY 18,701,967.52[6] - Basic earnings per share rose by 20.00% to CNY 0.12[6] - Operating revenue increased by 38.44% in September 2016 compared to the same month last year, driven by growth in software business revenue[13] - Operating costs increased by 86.58% in September 2016 compared to the same month last year, corresponding to the rise in operating revenue[13] - Total revenue for the first nine months reached ¥128,987,766.24, up 38.6% from ¥93,173,084.45 in the same period last year[34] - Net profit for the first nine months was ¥19,965,066.19, an increase of 17.3% compared to ¥17,000,042.60 in the previous year[35] - Operating profit for the third quarter was ¥5,036,637.20, compared to ¥1,397,259.04 in the same quarter last year, marking a growth of 260.5%[34] - Operating profit for the first nine months of 2016 was ¥4,964,109.89, down 88.0% from ¥41,666,202.84 in the same period last year[37] Assets and Liabilities - Total assets increased by 90.39% to CNY 770,514,897.14 compared to the end of the previous year[6] - Net assets attributable to shareholders increased by 160.02% to CNY 733,486,547.52 compared to the end of the previous year[6] - As of September 30, 2016, cash and cash equivalents increased by 92.07% compared to December 31, 2015, primarily due to the company's initial public offering (IPO) raising 384 million yuan[11] - Current assets rose to ¥643,070,420.65, a significant increase of 96.1% from ¥327,474,567.92 at the beginning of the year[30] - Total liabilities decreased to RMB 37,028,349.62 from RMB 66,348,377.97, a reduction of approximately 44.2%[28] - Total liabilities increased to ¥104,309,408.90 from ¥83,660,052.36, reflecting a growth of 24.5%[31] - Owner's equity surged to ¥662,746,006.91, up 137.5% from ¥279,732,073.41 at the beginning of the year[31] Cash Flow - The company reported a net cash flow from operating activities of CNY -47,084,199.45, a slight improvement of 1.41% year-on-year[6] - Cash received from sales of goods and services increased by 33.19% in September 2016 compared to the same month last year, reflecting the growth in operating revenue[14] - Cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets increased by 536.61% in September 2016 compared to the same month last year, due to the purchase of office buildings[14] - Cash flow from operating activities for the first nine months of 2016 was negative at -¥47,084,199.45, slightly improved from -¥47,758,058.41 in the same period last year[41] - The company received cash from operating activities totaling ¥107,658,497.75 in the first nine months of 2016, compared to ¥84,734,786.97 in the same period last year[41] - Cash inflow from financing activities amounted to ¥384,552,000.00, with a net cash flow of ¥381,082,200.00 after accounting for outflows, compared to a net outflow of -¥41,686,000.00 last year[45] Shareholder Information - The total number of shareholders reached 46,791 by the end of the reporting period[10] - The top shareholder, Jiang Hongye, holds 43.21% of the shares, totaling 95,400,000 shares[10] Inventory and Prepayments - Prepayments increased by 25,884.68% as of September 30, 2016, compared to December 31, 2015, due to an increase in prepaid business payments[12] - Inventory rose by 289.28% as of September 30, 2016, compared to December 31, 2015, due to ongoing projects not yet reaching revenue recognition[12] - Inventory levels rose significantly to RMB 28,509,468.66, compared to RMB 7,323,705.21 at the beginning of the year, marking an increase of about 289.5%[27][28] Corporate Governance - The company has committed to avoiding any activities that may lead to competition with its existing and future business operations, ensuring compliance with relevant regulations[22][24] - The company has pledged to minimize related party transactions and ensure that any unavoidable transactions are conducted at fair market prices[23][24] - The company anticipates that its cumulative net profit for the year will not experience significant fluctuations compared to the previous year[24] - The company is actively pursuing strategies to expand its market presence and enhance its product offerings through ongoing research and development initiatives[24] - The company has plans for market expansion and new product development, aiming to leverage its increased financial strength for future growth[35]