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].

Financial Performance - Operating revenue for the first nine months reached CNY 219.70 million, a 25.66% increase year-on-year[6] - Net profit attributable to shareholders increased by 19.35% to CNY 55.55 million for the first nine months[6] - Basic earnings per share rose by 7.41% to CNY 0.6666[6] - Total revenue for the third quarter reached ¥76,779,637.77, a 34.3% increase from ¥57,227,065.73 in the same period last year[22] - Year-to-date revenue for the first nine months was ¥219,697,211.56, up 25.6% from ¥174,838,237.24 year-on-year[22] - Net profit for Q3 2017 reached CNY 21,640,485.23, up 39.5% from CNY 15,490,225.06 in the same period last year[24] - Total profit for the first nine months of 2017 was CNY 64,865,644.56, an increase of 29.5% from CNY 50,073,208.42 in the same period of 2016[23] - Operating profit for the first nine months of 2017 was CNY 55,547,490.97, up 19.3% from CNY 46,542,525.20 in the previous year[23] Assets and Liabilities - Total assets increased by 101.69% to CNY 754.70 million compared to the end of the previous year[6] - Total assets reached ¥754,700,627.91, up from ¥374,188,872.29 at the beginning of the year[17] - Total liabilities rose to ¥156,763,642.11, up from ¥136,968,849.19, indicating an increase of 14.0%[21] - Owner's equity totaled ¥594,952,457.53, a significant increase from ¥237,902,469.05, representing a growth of 150.0%[21] - Total assets increased to ¥751,716,099.64, compared to ¥374,871,318.24 at the beginning of the year, reflecting a growth of 100.5%[20] Cash Flow - The company reported a net cash flow from operating activities of -CNY 32.69 million for the first nine months, a decrease of 240.70% year-on-year[6] - Cash flow from operating activities showed a net outflow of ¥32,685,317.00, a decrease of 240.70% compared to the previous year[13] - Cash flow from investing activities decreased significantly by 17827.35% to ¥-259,940,255.86 due to prepayments for office space and short-term financial products[13] - Cash inflow from sales of goods and services reached ¥210,950,877.01, an increase of 8.3% compared to ¥193,651,685.22 in the same period last year[28] - Net cash flow from investing activities was -¥259,940,255.86, compared to -¥1,449,965.02 in the previous year[29] - Cash inflow from financing activities totaled ¥342,100,000.00, a substantial increase from ¥12,000,000.00 in the same period last year[29] - Net cash flow from financing activities was ¥309,442,431.55, compared to -¥12,156,632.74 in the previous year[29] Shareholder Information - The number of shareholders at the end of the reporting period was 11,318[10] - The largest shareholder, Shen Zhenyu, holds 19.69% of the shares, with 3.4 million shares pledged[10] Inventory and Receivables - Accounts receivable increased by 68.30% to ¥102,692,794.37 due to expanded sales scale[12] - Prepayments surged by 1103.84% to ¥24,596,734.82 primarily for R&D facility acquisition[12] - Inventory rose by 63.82% to ¥165,673,074.27 driven by increased stocking needs[12] - Inventory levels increased to ¥165,673,074.27, up from ¥101,132,200.65, reflecting a growth of 63.7%[20] Other Financial Metrics - The weighted average return on equity decreased by 5.67 percentage points to 13.90%[6] - The company’s capital reserve increased by 423.13% to ¥360,885,891.12 due to stock issuance[13] - The company’s capital reserve increased to ¥360,884,334.59 from ¥68,984,334.59, reflecting a growth of 424.0%[21] - The total cost of sales for the third quarter was ¥53,809,786.20, up from ¥40,464,190.56, indicating a rise of 33.3%[22] - The operating cost for Q3 2017 was CNY 47,215,240.27, which is a 37.2% increase from CNY 34,381,866.90 in Q3 2016[25] - The company recorded an investment income of CNY 733,025.78 for Q3 2017, significantly higher than CNY 61,240.85 in Q3 2016[25] - The financial expenses for Q3 2017 showed a reversal of CNY 184,363.76, compared to an expense of CNY 315,258.42 in Q3 2016[25] Product Development and Strategy - The company has not disclosed any new product developments or market expansion strategies in this report[6]

Financial Performance - The company's operating revenue for the first half of 2017 was CNY 142,917,573.79, representing a 21.52% increase compared to CNY 117,611,171.51 in the same period last year[16]. - The net profit attributable to shareholders for the first half of 2017 was CNY 33,907,005.74, up 9.19% from CNY 31,052,300.14 in the previous year[16]. - Basic earnings per share for the first half of 2017 were CNY 0.4521, an increase of 9.20% from CNY 0.4140 in the same period last year[17]. - The company reported a total profit of 198,093.77 million, with a tax impact of -28,487.14 million[19]. - The company achieved a revenue of CNY 142.92 million, representing a year-on-year growth of 21.52%[34]. - The net profit attributable to shareholders reached CNY 33.91 million, an increase of 9.19% compared to the previous year[34]. - The company reported a significant increase in revenue for the first half of 2017, with a year-on-year growth of 25%[52]. Cash Flow and Assets - The net cash flow from operating activities was negative at CNY -7,139,709.42, a decrease of 140.86% compared to CNY 17,474,067.43 in the same period last year[16]. - The company's cash and cash equivalents increased by 266.03% to CNY 396.95 million, primarily due to the inflow of funds from the initial public offering[39]. - Cash flow from operating activities showed a net outflow of CNY -7,139,709.42, a decline of 140.86% compared to the previous year[36]. - The total current assets as of June 30, 2017, amounted to CNY 650,827,361.43, an increase from CNY 307,398,368.35 at the beginning of the period, reflecting a growth of approximately 111%[78]. - The total assets reached CNY 719,716,508.07, compared to CNY 374,188,872.29 at the start of the period, indicating a growth of about 92%[80]. - The company's accounts receivable at the end of the reporting period amounted to 98.53 million yuan, accounting for 15.14% of current assets and 13.69% of total assets[45]. - The company's inventory net value at the end of the reporting period was 119.96 million yuan, representing 18.43% of current assets[45]. Research and Development - Research and development expenses amounted to CNY 26.31 million, reflecting a significant increase of 46.67% year-on-year, accounting for 18.41% of total revenue[34]. - The company has been a leader in technological innovation within the network visualization sector, actively guiding market acceptance of new concepts and technologies[28]. - The company employs a "smile curve" strategy, concentrating resources on high-value R&D and market expansion while outsourcing low-value hardware production[23]. - The company obtained 39 software product registration certificates and authorized 5 invention patents during the reporting period[33]. Market and Industry Position - The company focuses on intelligent system solutions, primarily in network visualization infrastructure and embedded computing platforms, serving sectors like information security and telecommunications[22]. - The network visualization business maintained a strong growth momentum during the reporting period, driven by increasing demand from telecom operators and large enterprises[24]. - The embedded computing industry is experiencing a push towards domestic production, with the company capturing significant market opportunities and establishing a good industry reputation[26]. - The domestic market for embedded computing is expected to grow, providing significant development opportunities for local enterprises[26]. - The company is expanding its market presence in Southeast Asia, targeting a 30% market share by 2018[53]. Risks and Challenges - The company has outlined potential risks in its business operations, which investors should be aware of[3]. - The company faces market competition risks due to increasing demand in downstream sectors such as information security and wireless networks[44]. - The company may experience seasonal revenue fluctuations, with sales typically peaking in the fourth quarter of each year[47]. - The company has a risk of inventory impairment due to product updates and adverse impacts on downstream customers[47]. - The top five customers accounted for 66.48% of the total sales during the reporting period, indicating a risk of customer concentration[45]. Corporate Governance and Structure - The core leadership team has remained stable, with extensive experience in the telecommunications equipment industry, contributing to the company's competitive advantage[27]. - There were no non-operating fund occupation situations by controlling shareholders or related parties[3]. - The company has not experienced any adverse changes in its core competitiveness during the reporting period, continuing to invest in R&D and market efforts[30]. - The company has not disclosed any new product developments or market expansion strategies in this report[57]. - The company has not reported any significant changes in debt or equity financing activities[57]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,932[65]. - The top ten shareholders hold a total of 70.84% of the company's shares, with the largest shareholder owning 19.69%[67]. - The company does not plan to distribute profits or increase capital reserves during the reporting period[51]. - The company is committed to not transferring or managing its shares for 36 months post-IPO[51]. Legal and Compliance - There were no significant legal disputes or arbitration matters reported during the period, indicating a stable operational environment[55]. - The company maintains a strong integrity status, with no outstanding court judgments or significant debt issues reported[55]. - The financial statements comply with the requirements of the accounting standards, accurately reflecting the company's financial position and operating results[122]. Accounting Policies - The company has assessed its ability to continue as a going concern and found no significant doubts regarding its operational capability for the next 12 months[120]. - The accounting period for the company runs from January 1 to December 31 each year[123]. - The company adjusts the financial statements of subsidiaries to align with its accounting policies when there are inconsistencies in accounting policies or periods[134].