Financial Performance - Operating revenue for the period was ¥54,429,446.84, representing a year-on-year decrease of 49.79%[11] - Net profit attributable to shareholders was a loss of ¥24,418,998.36, a decline of 197.15% compared to the same period last year[11] - Basic earnings per share were -¥0.1228, a decrease of 169.42% year-on-year[11] - The overall gross profit margin decreased significantly due to the decline in revenue from the network visualization business[11] - The company experienced a substantial increase in period expenses, contributing to the significant decline in net profit attributable to shareholders[11] - The report period was impacted by the pandemic, causing delays in project implementation and sales delivery in the downstream market[11] - Total operating revenue for Q1 2020 was ¥54,429,446.84, a decrease of 49.8% compared to ¥108,403,935.96 in Q1 2019[45] - Net profit for Q1 2020 was a loss of ¥26,176,110.79, compared to a profit of ¥24,076,797.01 in Q1 2019[47] - The company reported a total comprehensive loss of ¥26,176,110.79 for Q1 2020, compared to a comprehensive income of ¥24,076,797.01 in Q1 2019[47] Cash Flow - Cash flow from operating activities was -¥18,563,259.42, compared to -¥429,477.09 in the same period last year[11] - The net cash flow from operating activities was negative at ¥-18,563,259.42, compared to ¥-429,477.09 in the previous year, mainly due to increased cash payments for notes payable and procurement[22] - Cash inflows from operating activities totaled 107,647,922.08 RMB, down from 113,046,859.90 RMB year-over-year[60] - The total cash outflow from operating activities was 119,177,583.77 RMB, up from 105,583,489.74 RMB year-over-year[60] - The net cash flow from investment activities was 95,886,531.43 RMB, compared to -10,263,865.07 RMB in the prior year[60] - The company received cash from financing activities totaling 24,906,092.92 RMB, while cash outflows from financing activities were 3,510,432.23 RMB[65] Assets and Liabilities - Total assets at the end of the reporting period were ¥931,427,312.93, a decrease of 3.32% compared to the end of the previous year[11] - Cash and cash equivalents increased by 100.37% to ¥147,954,361.31 from ¥73,842,084.03 due to the redemption of structured deposits[20] - Other current assets decreased by 58.81% to ¥73,930,249.53 from ¥179,500,894.64, primarily due to the redemption of structured deposits[20] - The company’s total liabilities decreased by 44.18% for notes payable, dropping to ¥11,443,984.49 from ¥20,503,394.48, due to the maturity of accepted bills[20] - Total liabilities decreased to CNY 157,011,136.93 from CNY 164,470,387.61, a reduction of 4.1%[34] - Current liabilities decreased to CNY 152,147,136.93, down 4.3% from CNY 158,689,387.61[32] - The total equity attributable to shareholders decreased to CNY 778,577,042.01 from CNY 801,350,236.35, a decline of 2.8%[34] Investment and Income - Embedded and integrated computing business revenue increased year-on-year, leading to a significant change in revenue structure[11] - The company reported a 109.86% increase in investment income to ¥213,631.86 from ¥101,798.24, driven by increased income from joint ventures[20] - The company experienced a credit impairment loss of ¥1,789,305.03 in Q1 2020, compared to a loss of ¥91,102.08 in Q1 2019[45] - The company reported a significant increase in investment income to ¥213,631.86 in Q1 2020, compared to ¥101,798.24 in Q1 2019[45] Future Outlook - The company anticipates significant uncertainty in performance for the year, influenced by ongoing impacts from the pandemic and opportunities arising from 5G construction and new infrastructure projects[23] - The company has not provided specific guidance for future performance due to the unpredictable nature of market conditions and ongoing pandemic effects[23] Changes in Accounting Standards - The company implemented new revenue and leasing standards starting January 1, 2020, affecting the financial statements[74] - The company has implemented new revenue recognition standards effective January 1, 2020, impacting retained earnings and financial statement items[80]

Financial Performance - The company reported a total revenue of 1.2 billion CNY for the fiscal year 2019, representing a year-over-year growth of 15%[21]. - The company's operating revenue for 2019 was CNY 434,114,198.37, a slight increase of 0.63% compared to CNY 431,398,215.91 in 2018[31]. - The net profit attributable to shareholders for 2019 was CNY 67,338,091.67, representing a significant decrease of 35.97% from CNY 105,166,343.17 in 2018[31]. - The net cash flow from operating activities for 2019 was CNY 15,613,509.98, down 60.02% from CNY 39,057,802.46 in 2018[31]. - The basic earnings per share for 2019 was CNY 0.3376, a decrease of 55.12% compared to CNY 0.7522 in 2018[31]. - The total assets at the end of 2019 were CNY 963,416,870.37, an increase of 5.45% from CNY 913,640,809.86 at the end of 2018[31]. - The company reported a net profit of CNY -4,098,498.00 in Q4 2019, contrasting with positive profits in the first three quarters[34]. - The weighted average return on equity for 2019 was 8.72%, down 5.90 percentage points from 14.62% in 2018[31]. - The company’s net assets attributable to shareholders increased by 6.66% to CNY 801,350,236.35 at the end of 2019[31]. - The company reported a positive profit for the reporting period, with net profit attributable to ordinary shareholders being positive, but no cash dividend distribution plan was proposed[195]. Research and Development - Investment in R&D increased by 30% year-over-year, focusing on edge computing and big data technologies[21]. - The company invested CNY 110.13 million in R&D, representing a 42.69% increase year-over-year, and accounting for 25.37% of total sales revenue[88]. - The company has a strong product design capability across various fields, including hardware design and software development, with a total of 352 R&D personnel, making up 70.40% of the workforce[78]. - The company actively invested in early R&D for network visualization systems aimed at 5G mobile networks, enhancing product advantages in system capacity and processing capabilities[79]. - The company aims to enhance its technical innovation capabilities and improve the innovation environment by upgrading its existing R&D technology platform[175]. Market Strategy and Expansion - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2021[21]. - The company is gradually strengthening its own production line to meet the growing market delivery demands and customer quality requirements[56]. - The company is focused on enhancing its market position and competitive advantage through comprehensive product specifications and technological solutions[175]. - The company plans to actively expand into multiple industry markets in China, focusing on clear positioning, leading technology, and extensive cooperation[179]. - The company aims to strengthen its marketing service network to cover key domestic regions with high market potential[179]. Risk Management - The company has detailed potential risk factors in its report, which investors should review[9]. - The company emphasizes the importance of investment risk awareness in its forward-looking statements[8]. - The company faces market competition risks due to increasing demand in information security and wireless networks, which may lead to intensified competition[184]. - The company has a risk of industry and technology changes, necessitating continuous monitoring of trends to avoid mismatches between products and market demands[185]. Corporate Governance - The board of directors and senior management guarantee the accuracy and completeness of the annual report[4]. - All directors attended the board meeting for the annual report review[5]. - The company has implemented strict procedures for related party transactions to ensure fairness and protect the interests of minority shareholders[195]. - The company has established measures to strengthen external supervision of related party transactions by independent directors[195]. Product Development and Innovation - The company continues to focus on the development and sales of intelligent system solutions, particularly in network visualization and embedded computing platforms[41]. - The company’s embedded and integrated computing platform products are designed for specific functions and applications, providing customizable solutions for various industries, including wireless networks and information security[51]. - The company is committed to developing a comprehensive series of products in the information technology field, including computing, networking, storage, and security[178]. - The company plans to continue investing in new product and technology development, including next-generation network visualization products and 5G mobile network technologies[173]. Dividend Policy - The company plans to distribute a cash dividend of 0.105 CNY per share (including tax) based on the total share capital on the equity distribution scheme registration date[7]. - The company distributed a cash dividend of 1.05 RMB per 10 shares, totaling approximately 21.1 million RMB, which is 31.34% of the net profit attributable to ordinary shareholders[191]. - The company will prioritize cash dividends, distributing at least 20% of the annual distributable profit in cash if conditions allow[189].

Financial Performance - Operating revenue for the period was ¥332,905,718.21, a decrease of 1.31% compared to the same period last year[18]. - Net profit attributable to shareholders of the listed company was ¥71,436,589.67, down 13.57% year-on-year[18]. - The net profit after deducting non-recurring gains and losses was ¥67,106,902.11, a decrease of 14.94% compared to the previous year[21]. - The weighted average return on net assets was 9.09%, a decrease of 2.84 percentage points from the previous year[21]. - Basic earnings per share were ¥0.3506, down 40.27% year-on-year[21]. - Diluted earnings per share were ¥0.3479, a decrease of 40.59% compared to the same period last year[21]. - The company reported a significant increase in other income by 90.82% to ¥19,803,314.58 from ¥10,378,023.42, mainly due to increased VAT refunds and government subsidies[33]. - The company reported a decrease in sales expenses to CNY 6,147,811.99 in Q3 2019 from CNY 3,757,965.59 in Q3 2018, indicating a rise of 63.4%[55]. - Net profit for Q3 2019 was CNY 17,420,436.73, down 51.4% from CNY 35,825,211.54 in Q3 2018[59]. - Total revenue for Q3 2019 was CNY 100,369,528.51, a decrease of 15.4% compared to CNY 118,750,136.06 in Q3 2018[63]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥982,316,455.59, an increase of 7.52% compared to the end of the previous year[18]. - Total liabilities were RMB 170,598,571.79, up from RMB 160,569,840.47, representing an increase of about 6.4%[45]. - Total current assets amounted to ¥737,697,839.67, with inventory valued at ¥175,716,466.37[86]. - Total non-current assets reached ¥175,942,970.19, including fixed assets of ¥135,077,941.23[86]. - Total liabilities reached ¥254,247,873.63, indicating a stable financial structure[98]. - The company reported long-term equity investments of ¥20,621,551.00, indicating strategic investments in other entities[96]. Cash Flow - The net cash flow from operating activities was -¥35,349,385.20, compared to -¥13,487,366.86 in the same period last year, indicating a worsening cash flow situation[18]. - Cash inflow from sales of goods and services was 276,444,934.91 RMB, down from 303,846,089.25 RMB, indicating a decline in revenue generation[79]. - Total cash inflow from operating activities was 311,000,403.67 RMB, while cash outflow was 346,349,788.87 RMB, resulting in a net cash outflow of 35,349,385.20 RMB[75]. - Cash inflow from investment activities totaled 28,451,491.64 RMB, significantly lower than 377,465,030.97 RMB in the previous period, reflecting reduced investment recovery[75]. - The net cash flow from investment activities was 332,537.63 RMB, an improvement from -2,961,998.68 RMB previously, indicating better investment performance[75]. Shareholder Information - The total number of shareholders is 14,401, with the top three shareholders holding a combined 37.38% of shares[30]. - Shareholders' equity reached RMB 811,717,883.80, compared to RMB 753,070,969.39, indicating a growth of approximately 7.8%[45]. - The company reported a capital reserve of ¥366,977,103.62, contributing to its equity structure[89]. - The company has a short-term loan of ¥15,000,000.00, reflecting its financing strategy[89]. Expenses - Research and development expenses increased by 35.31% to ¥76,996,120.86 from ¥56,903,252.81, attributed to a rise in the number of R&D personnel and their salaries[33]. - Sales expenses surged by 74.50% to ¥16,997,562.17 from ¥9,740,565.10, driven by increased market expansion efforts and higher salaries for sales personnel[33]. - The company experienced a significant reduction in management expenses, which fell to CNY 10,116,221.35 in Q3 2019 from CNY 12,286,766.92 in Q3 2018[67].

Financial Performance - The company's operating revenue for the first half of 2019 was ¥231,505,310.34, representing a 5.92% increase compared to ¥218,575,877.91 in the same period last year [24]. - The net profit attributable to shareholders for the same period was ¥52,226,414.16, which is a 13.33% increase from ¥46,083,016.94 year-on-year [24]. - The net profit after deducting non-recurring gains and losses was ¥47,916,596.21, up 11.35% from ¥43,031,406.68 in the previous year [24]. - The net cash flow from operating activities was ¥2,721,288.55, a significant recovery from a negative cash flow of -¥13,926,934.15 in the same period last year [24]. - The total assets at the end of the reporting period were ¥976,063,470.81, reflecting a 6.83% increase from ¥913,640,809.86 at the end of the previous year [24]. - The net assets attributable to shareholders increased by 9.39% to ¥821,859,108.78 from ¥751,345,032.86 at the end of the previous year [24]. - Basic earnings per share for the first half of 2019 were ¥0.3676, up 12.83% from ¥0.3258 in the same period last year [24]. - Diluted earnings per share were ¥0.3671, an increase of 12.06% compared to ¥0.3276 in the previous year [24]. - The weighted average return on net assets was 6.68%, a slight decrease of 0.11 percentage points from 6.79% in the same period last year [24]. Research and Development - The company's R&D investment accounted for 22.49% of its revenue, with 251 R&D personnel representing 66.40% of the total workforce [55]. - Research and development expenses amounted to CNY 52.08 million, representing a 42.02% increase year-on-year, accounting for 22.49% of operating revenue [66]. - The company is investing $10 million in research and development for new technologies in the upcoming year [110]. Market Position and Strategy - The company remains a leading provider of network visualization infrastructure and embedded computing platforms, focusing on information security, wireless networks, and cloud computing [33]. - Continuous investment in product innovation and market expansion is aimed at strengthening the company's core competitiveness and expanding its product range [45]. - The company emphasizes a dual-driven model of market orientation and technology leadership to enhance product competitiveness [42]. - The operational model remains unchanged, focusing on direct sales in domestic markets and leveraging foreign trade companies for international sales [44]. Risk Management - The company has detailed the potential risks in the report, which investors should be aware of [8]. - The report includes a forward-looking statement risk declaration, indicating that future plans do not constitute a commitment to investors [6]. - The company has not provided any guarantees that violate decision-making procedures [7]. - The report emphasizes the importance of accurate and complete financial reporting by the responsible personnel [5]. Shareholder Information - The company reported a profit distribution plan for the reporting period, which is none [6]. - The company does not plan to distribute profits or increase capital reserves in the current half-year period [83]. - The company has committed to not transferring or managing shares held prior to the IPO for a period of 36 months [84]. - The company will notify shareholders at least three trading days in advance before any reduction of shares held by major shareholders [95]. - The company has committed to long-term shareholding, with any reductions in shares post-lockup period not to exceed the total amount held on the last trading day of the previous year [95]. Financial Stability - The company has accumulated a series of domestically produced, self-controllable products and technology platforms, contributing to information security [50]. - The company continues to strengthen its supply chain management, improving operational efficiency and reducing costs [60]. - The company reported a significant increase in revenue, achieving a total of $500 million, representing a 25% year-over-year growth [104]. - The company’s total current assets as of June 30, 2019, amounted to RMB 783,502,682.89, an increase from RMB 737,697,839.67 at the end of 2018, representing a growth of approximately 6.3% [136]. Legal and Compliance - The company has implemented measures to ensure fair and just related party transactions [92]. - The company guarantees that its prospectus for the initial public offering does not contain false records or misleading statements, and will be liable for any significant omissions [100]. - There were no significant legal disputes or arbitration matters reported during the period [113]. Future Outlook - The company provided a positive outlook for the next quarter, projecting a revenue growth of 20% to $600 million [106]. - New product launches are expected to contribute an additional $50 million in revenue over the next six months [107]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of the fiscal year [108].

Financial Performance - Net profit attributable to shareholders increased by 32.54% to CNY 25,136,585.51 compared to the same period last year[12] - Operating revenue rose by 9.42% to CNY 108,403,935.96 compared to the same period last year[12] - Basic earnings per share decreased by 6.70% to CNY 0.1769 compared to the same period last year[12] - The weighted average return on equity increased by 0.44 percentage points to 3.29% compared to the previous year[12] - The company reported a net profit increase, with retained earnings rising to CNY 277.37 billion from CNY 251.91 billion, a growth of 10.1%[33] - Net profit for Q1 2019 reached CNY 24,076,797.01, compared to CNY 18,587,226.77 in Q1 2018, representing a growth of 29.5%[45] - The company reported a decrease in total profit to RMB 7,430,370.69, down 5.2% from RMB 7,841,754.83 in Q1 2018[48] Assets and Liabilities - Total assets increased by 4.35% to CNY 953,405,980.53 compared to the end of the previous year[12] - Non-current assets increased to CNY 185.26 billion from CNY 175.94 billion, a growth of 7.5%[31] - Total liabilities increased to CNY 171.02 billion from CNY 160.57 billion, a growth of 6.5%[33] - Current liabilities totaled CNY 162.56 billion, compared to CNY 159.44 billion, marking a 1.3% increase[31] - Total liabilities amounted to approximately $160.57 million, with current liabilities at $159.44 million, indicating a strong short-term financial position[70] - The company reported a deferred income of $1.13 million, which may indicate future revenue recognition[76] Cash Flow - Net cash flow from operating activities was CNY -429,477.09, a significant improvement from CNY -29,606,842.75 in the previous year[12] - The cash inflow from operating activities was CNY 108,319,375.90, an increase of 25.4% compared to CNY 86,363,920.93 in Q1 2018[61] - The net cash flow from operating activities was CNY 2,735,886.16, a significant improvement from a net outflow of CNY -28,479,935.76 in the same period last year[61] - Cash flow from financing activities increased by 703.46% from CNY 2,703,293.75 to CNY 21,719,767.91 mainly due to equity incentive payments and increased bank loans[23] - The net cash flow from financing activities was CNY 21,790,455.42, compared to CNY 2,740,812.51 in the previous year[64] Shareholder Information - The total number of shareholders at the end of the reporting period was 8,362[18] - The top shareholder, Shen Zhenyu, holds 19.20% of the shares, amounting to 27,403,543 shares[18] - Shareholders' equity rose to CNY 781.72 billion from CNY 751.35 billion, an increase of 4.0%[33] - Total equity increased to CNY 669,316,667.22 from CNY 658,077,169.30, marking a growth of 1.9%[39] Expenses - Sales expenses surged by 109.12% from CNY 2,635,914.23 to CNY 5,512,222.10 primarily due to increased salaries for sales personnel[23] - R&D expenses increased by 34.47% from CNY 19,936,897.02 to CNY 26,809,466.90 due to a rise in the number of R&D personnel[23] - R&D expenses in Q1 2019 amounted to CNY 26,809,466.90, an increase of 34.5% from CNY 19,936,897.02 in Q1 2018[43] Government and Other Income - Government subsidies recognized in the current period amounted to CNY 4,219,605.30[16] - The company reported a non-operating income of CNY 115,693.15 from various sources[16] - Other income rose by 143.09% from CNY 3,656,803.79 to CNY 8,889,205.84 primarily due to increased software VAT refunds and government project subsidies[23]

Financial Performance - The company's operating revenue for 2017 was CNY 312,209,928.23, representing a year-over-year increase of 38.18% compared to CNY 247,742,650.82 in 2016[33]. - The net profit attributable to shareholders for 2017 was CNY 75,236,384.38, which is a 39.78% increase from CNY 62,021,479.23 in 2016[33]. - The net cash flow from operating activities for 2017 was -CNY 58,706,831.41, showing a significant increase of 166.53% compared to CNY 57,051,215.82 in 2016[33]. - The total assets at the end of 2017 were CNY 769,750,554.79, an increase of 18.69% from CNY 374,188,872.29 at the end of 2016[33]. - The basic earnings per share for 2018 was CNY 0.7522, a decrease of 12.51% compared to CNY 0.8598 in 2017[33]. - The weighted average return on net assets for 2018 was 14.62%, down 1.68 percentage points from 16.30% in 2017[33]. - The company reported a net profit of CNY 22,516,935.83 in Q4 2018, with total operating revenue of CNY 94,072,201.93 for the same quarter[36]. - The company’s net profit attributable to ordinary shareholders in 2018 was 105,166,343.17 RMB, resulting in a net profit margin of 30.54%[165]. - The net profit for the year reached 85,031,263.50 yuan, a growth of 102.61% compared to the previous year, driven by increased revenue from network visualization and self-developed software[116]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 0.225 CNY per share (including tax) and to increase capital by converting 4.2 shares for every 10 shares held[7]. - The company has not proposed any stock bonus shares in its profit distribution plan[7]. - The company plans to distribute cash dividends of no less than 20% of the distributable profits for the year, provided that the net profit is positive and cash flow is sufficient[160]. - In 2018, the company distributed cash dividends of 2.25 RMB per 10 shares, totaling 32,112,634.73 RMB, and increased capital by 4.2 shares per 10 shares, totaling 59,943,585 shares[165]. - The company’s profit distribution policy emphasizes cash dividends as the preferred method, with stock dividends as an alternative[160]. - The company’s profit distribution plan for 2018 was approved at the annual general meeting, requiring further shareholder approval for the proposed distributions[160]. Audit and Compliance - The company has received a standard unqualified audit report from Zhonghua Certified Public Accountants[6]. - The financial report has been declared accurate and complete by the responsible personnel[6]. - The board of directors has confirmed that all members attended the board meeting, ensuring accountability for the report's accuracy[5]. - The company has established strict procedures for related party transactions to ensure fairness and protect the interests of minority shareholders[176]. - The company has made a commitment regarding the accuracy and completeness of its prospectus, taking legal responsibility for any false statements or omissions[191]. Risk Management - The company has detailed potential risks in its report, advising investors to review the discussion and analysis of operational conditions[9]. - The report includes a forward-looking statement risk declaration, indicating that future plans do not constitute a commitment to investors[8]. - The report emphasizes the importance of risk awareness for investors regarding the company's future strategies[8]. - The company faces market competition risks due to increasing participation from competitors in the network visualization and embedded computing sectors[152]. - The company is at risk of industry and technology changes that could lead to mismatched products and lost competitive advantages if it misjudges market trends[153]. - The company’s operations may be affected by policy risks, particularly regarding information security and domestic controllability initiatives[156]. Research and Development - The company’s R&D investment accounted for 17.89% of total revenue, with 240 R&D personnel representing 69.36% of the total workforce[72]. - The company successfully obtained 1 patent and 17 software copyrights during the reporting period[72]. - The company invested 77.18 million in R&D, accounting for 17.89% of the annual sales revenue[82]. - The company will increase investment in new product and technology R&D, focusing on next-generation network visualization products, 5G mobile network technologies, and smart IoT solutions[144]. Business Operations - The company continues to focus on the development and sales of intelligent system solutions, specifically in network visualization infrastructure and embedded computing platforms, with no major changes in its main business operations during the reporting period[43]. - The network visualization infrastructure business includes core modules and solutions for various network standards, aimed at optimizing network performance and security, which is crucial for the growing demand in data applications[44]. - The embedded and integrated computing platform business provides customized solutions for various industries, including telecommunications and medical devices, highlighting the company's adaptability to market needs[52]. - The company emphasizes product innovation and market expansion as key drivers for growth, supported by the increasing demand for data collection and application in the context of big data and information security[60]. - The company has maintained a direct sales model for domestic markets while utilizing foreign trade companies for international sales, enhancing its market presence and customer relationships[58]. Market Trends and Industry Insights - The embedded systems industry continues to experience strong growth, driven by demand across various sectors including communication, healthcare, and military[132]. - The global IoT security market is projected to grow from $6.89 billion in 2015 to $28.9 billion by 2020[122]. - The Chinese government aims to achieve significant progress in military informationization by 2020, as part of its "Thirteenth Five-Year Plan" to modernize the military[133]. - Major Chinese tech companies like Alibaba, Huawei, and Tencent are making significant advancements in domestic technology, particularly in areas such as chips and operating systems[138]. Shareholder Relations and Governance - The company has committed to providing transparent dividend policies to enhance shareholder confidence and oversight[160]. - The company will hold a board meeting within 10 days if the stock price falls below the net asset value, followed by a shareholders' meeting to discuss stabilization measures[182]. - The company has a lock-up period of 36 months for certain shareholders, during which they cannot transfer their shares[176]. - The company will notify and disclose any commercial opportunities that may compete with its business to ensure transparency[179].

Financial Performance - Net profit attributable to shareholders rose by 48.79% to CNY 82,649,407.34 for the first nine months of the year[6] - Operating revenue for the first nine months reached CNY 337,326,013.98, marking a 53.54% increase year-on-year[6] - The net profit for the period increased by 33.92% to ¥235,492,240.87, reflecting the growth in operating revenue[15] - Total operating revenue for the third quarter reached ¥118,750,136.07, a 55% increase from ¥76,779,637.77 in the same period last year[28] - Net profit for the third quarter was ¥35,825,211.54, an increase of 66% from ¥21,640,485.23 year-over-year[30] Earnings and Shareholder Metrics - Basic earnings per share decreased by 11.94% to CNY 0.5870 due to an increase in share capital from profit distribution[8] - The diluted earnings per share decreased by 12.15% to CNY 0.5856 compared to the same period last year[6] - Earnings per share for the quarter were ¥0.5870, compared to ¥0.6666 in the same period last year[30] Assets and Liabilities - Total assets increased by 9.41% to CNY 842,197,046.18 compared to the end of the previous year[6] - Current assets rose to CNY 691.3 million, up from CNY 652.4 million, reflecting an increase of about 5.9%[20] - Total liabilities increased to CNY 116.6 million from CNY 112.5 million, a rise of approximately 3.4%[22] - Owner's equity rose to CNY 725.6 million from CNY 657.2 million, an increase of about 10.4%[22] Cash Flow - The company reported a net cash flow from operating activities of CNY -13,487,366.86 for the first nine months, an improvement from CNY -32,685,317.00 in the same period last year[6] - Cash flow from operating activities showed a net outflow of ¥13,487,366.86, an improvement from a net outflow of ¥32,685,317.00 in the same period last year[36] - Cash inflow from operating activities totaled 308,534,818.33 RMB, up from 214,092,608.01 RMB year-over-year, representing a growth of approximately 44.2%[38] Operating Costs and Expenses - Operating costs increased by 58.30% to ¥148,403,248.44, in line with the growth in sales scale[16] - Research and development expenses rose by 50.23% to ¥56,903,252.81, attributed to an increase in R&D personnel and salaries[16] - Sales expenses for the first nine months increased to ¥9,449,940.36, compared to ¥6,302,763.23 in the previous year, reflecting a rise of 50.0%[32] Shareholder Information - The total number of shareholders at the end of the reporting period was 10,027[12] - The top shareholder, Shen Zhenyu, holds 19.29% of the shares, with 27,403,543 shares pledged[12] Government Support - The company received government subsidies amounting to CNY 947,635.00 during the reporting period[10] Investment Activities - The company reported a net cash outflow from investing activities of ¥2,961,998.68, an improvement from a net outflow of ¥259,940,255.86 in the previous year[36] - Total investment cash inflow for the first nine months was ¥377,465,030.97, up from ¥162,547,068.49 year-on-year, representing a growth of 132.5%[36] Future Plans - The company plans to continue investing in new product development and market expansion strategies[30]

Financial Performance - The company reported a revenue of 100 million CNY for the first half of 2018, representing a year-on-year growth of 15%[13]. - The company expects a revenue growth of 10% for the second half of 2018, projecting a total annual revenue of 220 million CNY[13]. - The company's operating revenue for the first half of 2018 was CNY 218,575,877.91, representing a 52.94% increase compared to CNY 142,917,573.79 in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2018 was CNY 46,083,016.94, a 35.91% increase from CNY 33,907,005.74 year-on-year[20]. - The company achieved operating revenue of CNY 218.58 million, a year-on-year increase of 52.94%[46]. - The net profit attributable to shareholders reached CNY 46.08 million, up 35.91% compared to the same period last year[46]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion in the first half of 2018, representing a year-over-year growth of 25%[62]. - The company provided a positive outlook for the second half of 2018, projecting a revenue increase of 30% based on new product launches and market expansion strategies[62]. User Growth - User data indicates an increase in active users by 20% compared to the previous year, reaching 500,000 users[13]. - User data showed a growth in active users, reaching 5 million by June 2018, which is a 15% increase compared to the previous year[62]. Research and Development - Research and development expenses increased by 30% to 15 million CNY, focusing on advanced telecommunications technologies[13]. - The company continues to focus on R&D and market expansion in the fields of network visualization and embedded computing platforms, maintaining its position as a leading provider in these sectors[27]. - Research and development expenditure accounted for 16.78% of operating revenue, with 211 R&D personnel representing 62.98% of the total workforce[39]. - The company successfully obtained 5 patent authorizations and 13 software copyrights during the reporting period[39]. - The company is actively investing in new products and solutions in network visualization and embedded platforms to meet market trends[45]. Market Expansion - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by the end of 2019[13]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2019[62]. - A strategic acquisition was announced, with the company acquiring a competitor for 300 million, aimed at enhancing its product offerings and market reach[62]. Financial Integrity and Compliance - The company has no non-operational fund occupation by controlling shareholders or related parties, ensuring financial integrity[5]. - There are no violations of decision-making procedures regarding external guarantees, maintaining compliance with regulations[5]. - The management emphasized the importance of compliance with regulatory requirements, ensuring all disclosures are accurate and timely[62]. - The company has not disclosed any major contracts or guarantees, indicating a conservative approach to financial commitments[69]. Shareholder Information - The board of directors has approved a profit distribution plan, proposing a dividend payout ratio of 40% of net profit for the first half of 2018[6]. - The company reiterated its commitment to shareholder value, promising to maintain a dividend payout ratio of at least 40% of net income[62]. - The company has implemented a restricted stock incentive plan, approved on March 5, 2018, to enhance employee motivation and retention[65]. - The company completed the initial grant of shares under the incentive plan on May 9, 2018, as confirmed by the China Securities Registration and Settlement Company[65]. Risk Management - The company has identified potential risks in the market, including increased competition and regulatory changes, which are detailed in the board's report[5]. - No risks were identified that could significantly impact the company's performance[56]. Asset and Liability Management - The company's total assets increased by 10.90% to CNY 853,674,429.76 compared to CNY 769,750,554.79 at the end of the previous year[20]. - The company's net assets increased by 4.05% to CNY 681,824,230.24 from CNY 655,295,077.19 at the end of the previous year[20]. - The company's total liabilities reached ¥170.28 million, up from ¥112.53 million, indicating an increase of about 51.3%[95]. Cash Flow - The company reported a net cash flow from operating activities of -CNY 13,926,934.15, a decline of 95.06% compared to -CNY 7,139,709.42 in the same period last year[20]. - The company’s cash flow from operating activities showed a net outflow of CNY 13.93 million, a decline of 95.06% year-on-year[47]. - Cash and cash equivalents at the end of the period decreased to CNY 172,054,777.21 from CNY 392,895,953.25 at the end of the previous period[111]. Accounting and Financial Reporting - The company has not made any changes to its accounting policies or estimates compared to the previous accounting period, ensuring consistency in financial reporting[70]. - The accounting policies comply with enterprise accounting standards, ensuring a true and complete reflection of the company's financial status[131]. - The company recognizes impairment losses for financial assets when there is objective evidence indicating that the asset's recoverable amount is less than its carrying value[155]. Employee and Compensation - The company recognizes employee benefits under defined contribution plans based on the calculated amounts during the service period[177]. - The company applies equity-settled share-based payments based on fair value at grant date, with costs recognized over the service period[183].

Financial Performance - Operating revenue for the period reached CNY 99,074,331.16, representing a year-on-year increase of 35.87%[6] - Net profit attributable to shareholders was CNY 18,964,794.71, up 7.64% from the same period last year[6] - Basic and diluted earnings per share decreased by 19.28% to CNY 0.1896[6] - The company reported non-recurring gains of CNY 1,020,956.41 for the period[12] - Operating revenue increased by 35.87% to ¥99,074,331.16 compared to ¥72,917,469.87 in the same period last year, primarily due to expanded sales scale[14] - The company reported a significant increase in other income, amounting to CNY 3,656,803.79, compared to the previous period[28] - The company's operating revenue for Q1 2018 was ¥98,899,573.88, representing a 35.6% increase from ¥72,917,469.87 in the same period last year[31] - The net profit for Q1 2018 was ¥6,659,541.75, a significant decrease of 79.1% compared to ¥31,870,792.11 in Q1 2017[32] - The total comprehensive income attributable to the parent company was ¥18,964,794.71, compared to ¥17,618,887.49 in the previous year[29] Cash Flow - The net cash flow from operating activities was negative at CNY -29,606,842.75, compared to CNY -11,345,638.36 in the previous year[6] - The company reported a net cash outflow from operating activities of ¥29,606,842.75, an increase from ¥11,345,638.36 in the same period last year, primarily due to increased cash payments for employee compensation[14] - The cash flow from operating activities showed a net outflow of ¥29,606,842.75, worsening from a net outflow of ¥11,345,638.36 in the same period last year[34] - Net cash flow from operating activities was -$28,479,935.76, an improvement from -$41,709,787.52 in the previous period[37] Assets and Liabilities - Total assets at the end of the reporting period were CNY 761,858,949.98, a decrease of 1.03% compared to the end of the previous year[6] - Cash and cash equivalents decreased by 80.39% to ¥48,748,741.47 from ¥248,595,450.29 due to the purchase of financial products that have not yet matured[13] - The company's total assets decreased to ¥761,858,949.98 from ¥769,750,554.79, reflecting a slight decline in overall asset value[20] - Current liabilities decreased to CNY 145,920,287.18 from CNY 159,291,856.02 at the start of the year, a reduction of 8.3%[25] - The company's equity attributable to shareholders increased to CNY 612,871,279.96 from CNY 606,211,738.21, reflecting a growth of 1.1%[25] Shareholder Information - The total number of shareholders at the end of the reporting period was 9,538[11] - The top shareholder, Shen Zhenyu, holds 19.69% of the shares, with 3,400,000 shares pledged[11] Investment Activities - The company’s investment income was reported at ¥595,734.93, a significant improvement from a loss of ¥36,482.63 in the previous year, mainly due to received interest from financial products[14] - The company reported cash inflows from investment activities of ¥113,635,400.61, while cash outflows totaled ¥286,578,560.43, resulting in a net cash outflow of ¥172,943,159.82[34] - Cash outflow for investments totaled $286,569,417.32, compared to $2,849,581.46 in the prior period, indicating a substantial increase in investment activity[38] Cost Management - Operating costs rose by 60.25% to ¥50,805,259.58, mainly due to a higher proportion of low-margin product sales[14] - The company incurred sales expenses of ¥2,635,914.23, an increase from ¥1,785,175.94 in the previous year[31] - The company’s financial expenses decreased to -¥7,431.45 from ¥268,844.94 in the previous year, indicating improved cost management[31]

Financial Performance - The company's operating revenue for 2017 was CNY 312,209,928.23, representing a 26.02% increase compared to CNY 247,742,650.82 in 2016[22]. - The net profit attributable to shareholders for 2017 was CNY 75,236,384.38, up 21.31% from CNY 62,021,479.23 in 2016[22]. - The net cash flow from operating activities for 2017 was negative CNY 58,706,831.41, a decrease of 202.90% compared to CNY 57,051,215.82 in 2016[22]. - The total assets at the end of 2017 were CNY 769,750,554.79, a 105.71% increase from CNY 374,188,872.29 at the end of 2016[22]. - The net assets attributable to shareholders at the end of 2017 were CNY 655,295,077.19, reflecting a 140.78% increase from CNY 272,158,692.81 in 2016[22]. - The basic earnings per share for 2017 was CNY 0.8598, a 3.97% increase from CNY 0.8270 in 2016[23]. - The diluted earnings per share for 2017 was also CNY 0.8598, consistent with the basic earnings per share[23]. - The weighted average return on equity for 2017 was 16.30%, a decrease of 9.07 percentage points from 25.37% in 2016[23]. - The company reported a decrease in the weighted average return on equity after deducting non-recurring gains and losses to 15.05% in 2017 from 25.17% in 2016, a drop of 10.12 percentage points[23]. - The net profit after deducting non-recurring gains and losses for 2017 was CNY 69,441,919.92, an increase of 12.87% from CNY 61,526,368.74 in 2016[22]. Dividend Policy - The company plans to distribute a cash dividend of 2.3 CNY per 10 shares (including tax) and to increase capital by 4 shares for every 10 shares held, based on a total share capital of 100,000,000 shares as of December 31, 2017[5]. - The company plans to distribute at least 20% of the annual distributable profit as cash dividends to shareholders[119]. - In 2017, the company distributed a total cash dividend of 23,000,000 RMB, amounting to 2.3 RMB per 10 shares[121]. - For 2016, the cash dividend distributed was 9,000,000 RMB, with a dividend rate of 14.51% of the net profit attributable to ordinary shareholders[121]. - The cash dividend policy emphasizes that cash dividends should not exceed the cumulative distributable profits and should not harm the company's ongoing operations[118]. - The company aims to maintain a transparent dividend distribution policy to enhance shareholder confidence and oversight[118]. Risk Management - The company has detailed potential risk factors in its board report regarding operational conditions[7]. - The company emphasizes that forward-looking statements regarding future plans and strategies do not constitute a substantive commitment to investors, highlighting investment risks[6]. - The company acknowledges the risk of industry and technology changes that could impact product-market fit and competitive advantages[112]. - The company is aware of potential policy risks that could affect its market and business scale, particularly in relation to information security and self-controlled technologies[113]. Research and Development - The company's R&D investment accounted for 17.84% of total revenue, with 190 R&D personnel representing 67.1% of the total workforce[46]. - The company is actively engaged in the research and development of new technologies such as software-defined networking, big data, and artificial intelligence[46]. - In 2017, the company invested CNY 55.71 million in R&D, accounting for 17.84% of annual sales revenue, an increase of 1.71 percentage points from 2016[53]. - The company achieved sales revenue of CNY 231.28 million in the network visualization sector, a growth of 19.50% compared to 2016, with a gross margin maintained above 60%[55]. - The embedded and integrated computing platform business saw significant growth, with sales revenue reaching CNY 80.68 million, up 55.49% year-over-year[55]. Market Position and Strategy - The company is a leader in the network visualization industry, with a strong market share and innovative product technology[40]. - The company aims to enhance its market presence through continuous innovation in product development and strategic partnerships[30]. - The company plans to continue expanding its product offerings and market presence, particularly in the fields of information security and big data acceleration[69]. - The company is positioned to capitalize on the growing demand in the embedded and integrated computing sectors, particularly in military informationization and industrial 4.0 applications[108]. Corporate Governance - The company has established a comprehensive governance structure in compliance with relevant laws and regulations, including the Company Law and Securities Law[183]. - The board of directors consists of 7 members, including 3 independent directors, and is compliant with legal and regulatory requirements[186]. - The supervisory board has 3 members, including 1 employee representative, and is responsible for overseeing major company matters and financial conditions[187]. - The company has established a dedicated board secretary responsible for information disclosure and investor relations, ensuring compliance with legal requirements[188]. Shareholder Structure - The top shareholder, Shen Zhenyu, holds 19,687,500 shares, representing 19.69% of the total shares, with 3,400,000 shares pledged[158]. - The second-largest shareholder, Hu Deyong, owns 10,546,875 shares, accounting for 10.55% of the total shares, with 2,100,000 shares pledged[158]. - The third-largest shareholder, Wang Xiang, possesses 8,085,920 shares, which is 8.09% of the total shares, with 1,400,000 shares pledged[158]. - The report indicates that the top ten shareholders have a mix of pledged and unpledged shares, with a total of 57,000,000 shares held[160]. - The company has a strategic focus on maintaining shareholder stability, as indicated by the limited transfer conditions for pledged shares[161]. Compliance and Audit - The company received a standard unqualified audit report from Zhonghua Certified Public Accountants[4]. - The company’s financial report is confirmed to be true and complete by the responsible persons, ensuring accountability for any misleading statements[4]. - The company has not encountered any major litigation or arbitration matters during the reporting period[134]. - The company has not reported any significant discrepancies in its governance structure compared to the requirements of the China Securities Regulatory Commission[189].