Financial Performance - The company's operating revenue for 2017 was approximately CNY 1.05 billion, representing a 36.20% increase compared to CNY 774 million in 2016[27]. - Net profit attributable to shareholders reached approximately CNY 516 million, a significant increase of 343.85% from CNY 116 million in the previous year[27]. - The net assets attributable to shareholders increased by 203.82% to approximately CNY 1.64 billion, driven by the net profit and issuance of 24 million A-shares[27]. - Total assets grew by 92.86% to approximately CNY 2.51 billion, primarily due to the increase in net profit and capital raised from the public offering[29]. - Basic earnings per share rose to CNY 6.46, marking a 298.77% increase from CNY 1.62 in 2016[28]. - The weighted average return on equity increased to 52.00%, up by 28.14 percentage points from 23.86% in the previous year[28]. - The company achieved operating revenue of CNY 1,054,531,441.44, an increase of 36.20% year-on-year[58]. - Net profit attributable to shareholders reached CNY 51,644,91, an increase of 343.85% year-on-year[58]. Shareholder Actions - The company plans to distribute a cash dividend of 7 RMB per 10 shares, totaling 67,200,000 RMB, and to increase its total share capital by 38,400,000 shares through capital reserve conversion, raising total shares to 134,400,000[5]. - The total number of shares before the capital increase was 96,000,000, indicating a significant increase in shareholder equity through the proposed stock dividend[5]. - The company plans to implement stock repurchase measures to stabilize the stock price, ensuring compliance with listing conditions[116]. - The total amount for share repurchases will not exceed 30% of the net profit attributable to the parent company from the previous fiscal year[116]. - The company will limit executive compensation and suspend stock incentive plans to enhance performance and stabilize stock prices[116]. Risk Management - The company emphasizes the importance of risk awareness in its forward-looking statements regarding future plans and strategies[6]. - The company is committed to addressing potential risks as outlined in its operational analysis section[9]. - The company faces risks related to the impact of shared bicycles on its public bicycle business if it fails to innovate effectively[101]. - The company is exposed to risks from potential changes in government support for the bicycle transportation sector, which could affect market size and profitability[102]. - The company has incurred significant R&D expenses for new products, and if these do not yield benefits within 1-2 years, it may negatively impact profitability[103]. Operational Highlights - The company reported a stable business model with a focus on shared mobility services, including public bicycles and bike-sharing systems[13]. - The company has a diversified portfolio of subsidiaries involved in various aspects of shared mobility and low-carbon technology[14]. - The company experienced growth in revenue from public bicycle system sales, operations, and user-paid shared bicycles, leading to overall revenue increase[29]. - The company plans to continue expanding its public bicycle systems and services in response to growing demand in urban areas[29]. - By the end of 2017, there were approximately 25 million shared bicycles deployed nationwide, highlighting the rapid expansion of the industry[43]. Investment and R&D - The company confirmed an investment income of CNY 518 million due to the loss of control over a subsidiary, contributing to the profit surge[29]. - Research and development expenses increased by 227.44% to CNY 41,051,424.97, reflecting a strong commitment to innovation[60]. - The company holds 93 patents and 48 software copyrights, establishing a technological barrier in the shared mobility sector[54]. - The company is focusing on technology innovation using IoT and big data to improve user experience and operational efficiency[98]. - Total R&D investment accounted for 3.89% of operating revenue, with 419 R&D personnel representing 8.19% of the total workforce[74]. Corporate Governance - The company’s board of directors and management have confirmed the accuracy and completeness of the annual report[8]. - The company has adhered to corporate governance standards as per the Company Law and Securities Law, ensuring compliance and transparency[185]. - The company held its third and fourth extraordinary general meetings in 2017, with all resolutions passed in accordance with legal requirements[187]. - The company established a compensation and assessment committee responsible for evaluating senior management performance based on operational management and strategic goals[192]. - The audit report confirmed that the financial statements fairly reflect the company's financial position and operating results for the year ended December 31, 2017[196]. Financial Position - The total assets at the beginning of the reporting period were RMB 1,303,882,893.58, while at the end of the period, total assets increased to RMB 2,514,647,052.74[155]. - The total liabilities increased from RMB 763,172,566.09 at the beginning of the period to RMB 873,054,311.17 at the end of the period[155]. - The asset-liability ratio decreased from 58.53% to 34.72% during the reporting period[155]. - The company has a total of 13,950 ordinary shareholders at the end of the reporting period, an increase from 13,938 at the end of the previous month[156]. - The company has a total of 185.88 million yuan in pre-tax remuneration for its directors and senior management[171]. Legal and Compliance - The company did not disclose any significant deficiencies in internal controls during the reporting period[193]. - The company did not face any objections from independent directors regarding its operations during the reporting period[191]. - The company is committed to ensuring compliance with legal regulations and protecting investor interests throughout the IPO process[118]. - The company will take necessary actions to address any legal findings related to the IPO prospectus to maintain market integrity[118]. - The company will actively negotiate and compensate investors for measurable economic losses resulting from any identified violations[118].

Financial Performance - The company's operating revenue for 2019 was approximately CNY 935.55 million, an increase of 6.56% compared to CNY 877.98 million in 2018[23]. - Net profit attributable to shareholders increased by 306.13% to CNY 500.56 million from CNY 123.25 million in 2018[24]. - Basic earnings per share rose by 307.58% to CNY 2.69 from CNY 0.66 in the previous year[22]. - The net cash flow from operating activities increased by 31.98% to CNY 392.14 million, driven by increased collections during the year[24]. - Total assets grew by 54.40% to CNY 3.96 billion from CNY 2.57 billion in 2018[24]. - The weighted average return on equity increased to 20.26%, up 12.93 percentage points from 7.33% in 2018[22]. - The company’s net assets attributable to shareholders increased by 62.26% to CNY 2.70 billion from CNY 1.67 billion in 2018[24]. - The company achieved operating revenue of 936 million RMB, an increase of 6.56% year-on-year[53]. - Net profit attributable to shareholders reached 501 million RMB, a significant increase of 306.13% year-on-year[53]. - The net asset attributable to shareholders was 2.704 billion RMB, reflecting a year-on-year growth of 62.26%[53]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of RMB 1.80 per 10 shares, totaling RMB 33,503,400, based on 186,130,000 shares after deducting repurchased shares[5]. - A cash dividend of RMB 1.80 per 10 shares is proposed for 2019, totaling RMB 33,503,400, subject to shareholder approval[104]. - The company has implemented a cash dividend policy, with a 6.84% payout ratio based on the net profit attributable to ordinary shareholders for 2019[108]. Business Operations and Strategy - The company operates in the shared mobility industry, which includes public transportation, shared bicycles, and ride-hailing services[11]. - The company plans to expand its new business to over 50 cities in 2020 and aims to cover 100 cities within three years, enhancing its to C business development[45]. - The company has successfully developed a comprehensive shared travel system covering 1-30 kilometers, integrating various travel tools such as bicycles, e-bikes, and shared cars[41]. - The company operates a shared mobility platform leveraging IoT and big data analytics, offering services through the Yong'anxing APP[34]. - The shared mobility system includes public bicycle systems, shared electric vehicles, and ride-hailing services, with ongoing operational support provided under PPP contracts[36]. Research and Development - Research and development expenses amounted to 43.7 million RMB, accounting for 4.67% of operating revenue[71]. - The company is developing a new generation of IoT storage chips, expected to be launched by the end of 2020, featuring high speed, durability, and low power consumption[91]. - The company is focusing on the development of smart living services, targeting the growing elderly population with home safety and care solutions[89]. - Increased investment in chip research and development, establishing a domestic chip R&D team to accelerate the development of autonomous driving technology[95]. Market Expansion and Growth - The company expects to maintain over 100% revenue growth in its new shared travel platform business in 2020[49]. - The company plans to expand its shared mobility platform to over 100 cities within three years, targeting a total user base exceeding 100 million[88]. - The company will accelerate the deployment of shared electric bicycles, aiming to launch the project in 50 cities by the end of 2020[94]. - The company is expanding its market presence in Asia, targeting a 20% market share by the end of 2024[120]. Financial Management and Risks - The company has established a cash flow analysis model to monitor its cash flow for the next 24 months, ensuring stable financial management[51]. - The company is actively pursuing refinancing plans to optimize liquidity management and enhance capital efficiency for new business needs[95]. - The company is facing risks related to raw material price fluctuations, particularly in electronic components, due to trade tensions and potential supply shortages[98]. - Cash flow management risks are present due to significant upfront capital investments required for shared mobility operations, which may pressure future cash flows[100]. Corporate Governance and Compliance - The company received a standard unqualified audit report from the accounting firm, ensuring the financial report's authenticity and completeness[4]. - The company has not reported any significant related party transactions during the reporting period[136]. - The company maintains compliance with relevant laws and regulations regarding corporate governance and information disclosure[186]. - The board of directors includes independent directors, ensuring compliance with corporate governance standards[188]. Shareholder Structure and Changes - The total number of ordinary shares increased from 134,400,000 to 187,580,000 shares, representing a 39.5% increase[154]. - The largest shareholder, Sun Jisheng, holds 66,151,743 shares, representing 35.27% of the total shares, with an increase of 19,340,212 shares during the reporting period[160]. - The total number of shareholders increased from 13,440 to 13,513 during the reporting period[158]. - The total number of shares held by the actual controller, Sun Jisheng, is 66,151,743 shares, with no foreign residency rights[165]. Legal Matters and Litigation - The company reported a significant lawsuit involving a patent dispute with a claim amounting to RMB 18,110,701.09, which is currently under arbitration[134]. - The company has not faced any risks of suspension or termination of listing during the reporting period[133]. - The company has no major litigation or arbitration matters that have not been disclosed in temporary announcements[133]. Employee and Workforce Management - The total number of employees in the parent company is 3,801, while the total number of employees in major subsidiaries is 1,822, resulting in a combined total of 5,623 employees[179]. - The company emphasizes a competitive salary structure based on performance and industry standards, ensuring employee motivation and retention[180]. - The company has implemented a comprehensive training program for employees, including new employee orientation and specialized skill training[181].

Financial Performance - The company's operating revenue for 2019 was approximately ¥935.55 million, representing a year-on-year increase of 6.56% compared to ¥877.98 million in 2018[23]. - The net profit attributable to shareholders for 2019 reached approximately ¥500.56 million, a significant increase of 306.13% from ¥123.25 million in 2018[23]. - The basic earnings per share for 2019 was ¥2.69, reflecting a remarkable increase of 307.58% compared to ¥0.66 in 2018[22]. - The net cash flow from operating activities for 2019 was approximately ¥392.14 million, up by 31.98% from ¥297.13 million in 2018[23]. - The total assets at the end of 2019 amounted to approximately ¥3.96 billion, an increase of 54.40% from ¥2.57 billion at the end of 2018[23]. - The company's net assets attributable to shareholders increased to approximately ¥2.70 billion, a rise of 62.26% compared to ¥1.67 billion in 2018[23]. - The company’s weighted average return on equity for 2019 was 20.26%, an increase of 12.93 percentage points from 7.33% in 2018[22]. - The company achieved operating revenue of 936 million RMB, an increase of 6.56% year-on-year[52]. - Net profit attributable to shareholders reached 501 million RMB, a significant increase of 306.13% year-on-year[52]. - The net asset attributable to shareholders was 2.704 billion RMB, reflecting a year-on-year growth of 62.26%[52]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of RMB 1.80 per 10 shares, totaling RMB 33,503,400, based on 186,130,000 shares after deducting repurchased shares[5]. - The cash dividend for 2019 represents 6.84% of the net profit attributable to ordinary shareholders[106]. - The company has implemented a cash dividend policy, distributing RMB 2.70 per 10 shares in 2018, totaling RMB 35,896,500[101]. - Shareholder returns are expected to increase by 15% with the implementation of a new dividend policy[115]. Business Operations and Market Expansion - The company operates in the shared mobility industry, which includes various transportation services such as public transport and shared bicycles[11]. - The company plans to expand its new business to over 50 cities in 2020 and aims to cover 100 cities within three years, enhancing its market presence[44]. - The company has successfully developed a comprehensive shared travel system covering 1-30 kilometers, integrating various travel tools such as bicycles, e-bikes, and shared cars[40]. - The shared mobility market in China is projected to exceed 300 billion yuan in 2020, with significant growth opportunities driven by urban population trends[37]. - The company is actively applying for ride-hailing operation licenses in various cities to promote its ride-hailing business[93]. - The company plans to expand its shared mobility platform, targeting over 100 cities for the deployment of shared electric bicycles within three years, with a goal of exceeding 100 million total users[86]. Investments and Technology Development - The company invested in new technologies, focusing on lithium battery-powered bicycles, hydrogen energy vehicles, and smart home products[51]. - The company has significant investments in shared mobility technology development and operations, with a 49% stake in Hero Youon Private Limited[79]. - The company is preparing for the mass production of hydrogen-powered bicycles and the trial operation of 500 units, while also developing hydrogen fuel cell and hydrogen storage technologies[93]. - The company has completed the layout for a new generation of IoT storage chips, expected to launch by the end of 2020, featuring high speed, durability, and low power consumption[89]. - The company is testing a new hydrogen-powered assistive vehicle, with plans to trial 100-500 units in the second half of 2020 for commercial validation[89]. Financial Management and Cash Flow - The company’s cash flow management model monitors future cash flow for 24 months, ensuring stable financial health and operational continuity[50]. - The net cash flow from operating activities increased by 31.98% to ¥392,136,580.97, primarily due to increased collections this year[70]. - The net cash flow from investing activities decreased by 324.91% to -¥494,792,774.77, mainly due to increased investments in shared bicycles and shared cars[70]. - The net cash flow from financing activities decreased by 3,631.11% to -¥74,617,904.70, primarily due to the repayment of bank loans[70]. - The company has a strategic credit line of approximately 1 billion yuan from partner banks to support its operational cash flow and business expansion[50]. Corporate Governance and Compliance - The company received a standard unqualified audit report from the accounting firm, ensuring the financial report's authenticity and completeness[4]. - The company has complied with relevant laws and regulations regarding corporate governance and information disclosure[184]. - The company’s financial statements were prepared in accordance with the revised formats issued by the Ministry of Finance in 2019[125]. - The company has not faced any risks of suspension or termination of its listing during the reporting period[131]. - The company has established a performance evaluation and incentive mechanism for senior management, which is directly accountable to the board of directors[188]. Employee and Management Information - The total number of employees in the parent company is 3,801, while the total number of employees in major subsidiaries is 1,822, resulting in a combined total of 5,623 employees[177]. - The company has 455 R&D personnel, which constitutes approximately 8.1% of the total workforce[177]. - The total pre-tax remuneration for all executives amounted to 252.99 million yuan[169]. - The company has appointed experienced professionals in key management positions to strengthen its leadership team[170]. - The management team has a diverse background in finance and technology, contributing to the company's strategic direction[170]. Future Outlook - The company anticipates a slight decline in performance in the first half of 2020 due to the COVID-19 pandemic, followed by rapid growth in the second half[92]. - Future outlook indicates a focus on expanding market presence and enhancing product offerings through new technology development[170]. - The company plans to invest in new product lines and technologies to drive future growth and innovation[170].

Financial Performance - Operating revenue for the first quarter was CNY 173,941,862.35, down 7.55% year-on-year[7] - Net profit attributable to shareholders was CNY 28,311,568.25, a slight increase of 0.24% compared to the same period last year[7] - Basic earnings per share decreased by 28.57% to CNY 0.15[7] - Total revenue for Q1 2020 was CNY 173,941,862.35, a decrease of 7.3% compared to CNY 188,145,706.87 in Q1 2019[31] - Net profit for Q1 2020 was CNY 28,075,584.55, slightly up from CNY 27,965,212.41 in Q1 2019, representing a growth of 0.4%[32] - Basic earnings per share for Q1 2020 was CNY 0.15, compared to CNY 0.21 in Q1 2019, reflecting a decrease of 28.6%[32] - Total comprehensive income for Q1 2020 was CNY 28,413,389.16, slightly up from CNY 27,021,668.15 in Q1 2019[36] Cash Flow - The net cash flow from operating activities decreased by 54.01% to CNY 15,839,761.07 compared to the previous year[7] - Cash flow from operating activities generated CNY 15,839,761.07, a decline of 54.0% compared to CNY 34,438,432.47 in Q1 2019[38] - The net cash flow from operating activities for Q1 2020 was ¥37,158,095.09, a significant improvement compared to a net outflow of ¥17,282,786.64 in Q1 2019, representing a turnaround of over 215%[41] - Total cash inflow from operating activities increased to ¥222,201,026.10 in Q1 2020, up by approximately 15.7% from ¥192,043,057.08 in Q1 2019[41] - Cash outflow from operating activities decreased to ¥185,042,931.01 in Q1 2020, down by about 11.6% from ¥209,325,843.72 in Q1 2019[41] - The net cash flow from investing activities was negative at -¥29,091,929.36 in Q1 2020, compared to a positive cash flow of ¥54,264,698.03 in Q1 2019, indicating a shift in investment strategy[41] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,880,958,247.82, a decrease of 2.09% compared to the end of the previous year[7] - Total liabilities decreased to ¥1,145,075,124.88 from ¥1,256,052,624.52[25] - The company's total equity increased to ¥2,735,883,122.94 from ¥2,707,777,659.82[25] - Total assets as of March 31, 2020, were CNY 3,822,627,080.92, a slight decrease from CNY 3,862,221,334.27 at the end of 2019[30] - Total liabilities decreased to CNY 1,120,941,407.46 from CNY 1,189,161,314.11 at the end of 2019, a reduction of 5.7%[30] - Current assets totaled CNY 3,193,408,110.64, down from CNY 3,248,592,505.87 at the end of 2019, a decrease of 1.7%[29] - Non-current assets increased to CNY 629,218,970.28 from CNY 613,628,828.40 at the end of 2019, an increase of 2.5%[29] Expenses - Sales expenses decreased by 52.21% to ¥1,553,273.55, primarily due to reduced after-sales maintenance costs[16] - Management expenses decreased by 33.46% to ¥5,905,727.72, mainly attributed to a reduction in travel expenses[16] - Research and development expenses decreased to CNY 7,729,816.15, down 31.5% from CNY 11,313,662.32 in Q1 2019[35] - The company reported a decrease in sales expenses to CNY 831,132.32, down 33.0% from CNY 1,240,924.48 in Q1 2019[35] Investments - Long-term equity investments increased by 181.73% to CNY 24,588,670.95, primarily due to investments in chip companies[13] - Investment income surged by 138.98% to ¥1,718,779.74, mainly from interest income on purchased financial products[16] - Investment cash flow net amount improved by 86.48% to -¥54,625,022.00, mainly due to a reduction in idle fund investments[18] Government Support - The company received government subsidies amounting to CNY 1,249,778.75 during the reporting period[9] Accounting Standards - The company implemented new revenue and leasing standards starting January 1, 2020, which may impact future financial reporting and performance metrics[43] - The company has not made any adjustments to comparable period information under the new revenue standards[51]

Financial Performance - The company's operating revenue for 2019 was approximately RMB 935.55 million, an increase of 6.56% compared to RMB 877.98 million in 2018[23]. - Net profit attributable to shareholders for 2019 reached approximately RMB 500.56 million, representing a significant increase of 306.13% from RMB 123.25 million in 2018[24]. - The basic earnings per share for 2019 was RMB 2.69, up 307.58% from RMB 0.66 in 2018[22]. - The net cash flow from operating activities increased by 31.98% to approximately RMB 392.14 million in 2019, compared to RMB 297.13 million in 2018[24]. - The company's total assets grew by 54.40% to approximately RMB 3.96 billion at the end of 2019, up from RMB 2.57 billion at the end of 2018[23]. - The weighted average return on equity for 2019 was 20.26%, an increase of 12.93 percentage points from 7.33% in 2018[22]. - The company’s net assets attributable to shareholders increased by 62.26% to approximately RMB 2.70 billion at the end of 2019, compared to RMB 1.67 billion at the end of 2018[23]. - In 2019, the company achieved a revenue of 936 million yuan, with net profit attributable to shareholders reaching 501 million yuan, a year-on-year increase of 306.13%[47]. - The operating service revenue from public bicycles was 687 million yuan, while the revenue from the Yonganxing travel platform surged from 10 million yuan in 2018 to 108 million yuan in 2019[45]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of RMB 1.80 per 10 shares, totaling RMB 33,503,400, based on 186,130,000 shares after deducting repurchased shares[5]. - A cash dividend of RMB 1.80 per 10 shares is proposed for 2019, totaling RMB 33,503,400, subject to shareholder approval[100]. - The cash dividend for 2019 represents 6.84% of the net profit attributable to ordinary shareholders[104]. - The company has implemented a cash dividend policy, distributing RMB 2.70 per 10 shares in 2018, totaling RMB 35,896,500[99]. Business Operations and Strategy - The company operates in the shared mobility industry, which includes various transportation services such as public transport and shared bicycles[11]. - The company operates a shared mobility platform leveraging IoT and big data analytics, offering services through the Yong'anxing APP[31]. - The shared mobility system includes public bicycle systems, shared electric vehicles, and ride-hailing services, with ongoing operational support provided under PPP contracts[33]. - The company plans to expand its new business to over 50 cities in 2020 and aims to cover 100 cities within three years, enhancing its market presence[42]. - The company has obtained operating licenses for ride-hailing services in several cities, with plans to rapidly enter the ride-hailing market upon successful pilot testing[42]. - The company’s new business segments, including shared electric bicycles and smart living services, generated a combined revenue of 149 million yuan in 2019, indicating strong growth potential[46]. - The company is focusing on developing smart living services, including home safety and elderly care, leveraging its IoT and big data capabilities[85]. - The company intends to maintain stable growth in its core public bicycle operations while exploring new business models for additional revenue streams[89]. Financial Management and Investments - The company’s cash flow management model monitors cash flow for the next 24 months, with a cash flow warning line set at 15 months, ensuring stable financial health[48]. - The company has a strategic credit line of approximately 1 billion yuan from partner banks, ensuring sufficient cash flow for rapid business development[48]. - The company invested in new technologies, focusing on lithium battery-powered bicycles, hydrogen energy vehicles, and smart home products[49]. - The company has invested a total of RMB 408 million in various bank financial products, with a significant portion being RMB 360 million from its own funds[138]. - The company has a total of RMB 48 million in bank financial products sourced from raised funds, all of which are still outstanding[138]. - The company has received a total of RMB 2.00% to 4.60% annualized returns on its financial investments, with actual returns reported for several products[141]. Risk Management - The company emphasizes the importance of risk awareness in its forward-looking statements, advising investors to consider potential investment risks[6]. - The company faces risks related to policy support for the bicycle transportation sector, which could impact market size and profitability[93]. - The company is monitoring raw material price fluctuations and has strategies in place to mitigate risks associated with supply chain disruptions[94]. Corporate Governance and Compliance - The company received a standard unqualified audit report from the accounting firm, ensuring the financial report's authenticity and completeness[4]. - The company is committed to maintaining transparency and accuracy in its financial disclosures, as stated by its board and management[8]. - The company has established specific measures for stabilizing stock prices, including share repurchases and shareholder commitments to not sell shares during the stabilization period[108]. - The company is committed to adhering to legal and regulatory requirements in its stock price stabilization efforts[109]. - The company reported a significant impact from potential false statements in the prospectus, which could lead to refunds to investors based on the subscription amount plus interest[110]. Research and Development - Research and development expenses amounted to 43.7 million RMB, representing 4.67% of operating revenue[67]. - The company has completed the development of a new generation of IoT storage chips, set to launch by the end of 2020, featuring high speed and low power consumption[87]. - Increased investment in chip research and development, establishing a domestic chip R&D team to accelerate the development of autonomous driving technology[91]. - The company has a commitment to innovation, as evidenced by its numerous patents and ongoing research initiatives[169]. Employee and Management Information - The total number of employees in the parent company is 3,801, while the total number of employees in major subsidiaries is 1,822, resulting in a combined total of 5,623 employees[175]. - The company has 455 R&D personnel, which represents approximately 8.1% of the total workforce[175]. - The total remuneration for all directors, supervisors, and senior management was ¥2,529,900[172]. - The management team includes individuals with extensive experience in finance and technology sectors, enhancing the company's strategic capabilities[168]. Shareholder Structure - The largest shareholder, Sun Jisheng, holds 66,151,743 shares, representing 35.27% of the total shares, with 65,536,143 shares pledged[156]. - The top ten shareholders collectively hold a significant portion of the company's shares, with the top three alone accounting for over 48%[156]. - The actual controller of the company is Sun Jisheng, who is also the chairman and general manager[161].

Financial Performance - Net profit attributable to shareholders was ¥108,554,418.24, representing a 16.7% increase from ¥93,050,327.49 in the same period last year[7]. - Operating income for the first nine months was ¥651,185,378.43, up from ¥637,635,898.71, indicating a growth of 2.9% year-on-year[7]. - The company reported a net profit of CNY 1,536,218,309.61, up from CNY 772,392,034.67, representing an increase of around 99%[25]. - The company’s net profit for the first three quarters of 2019 was ¥107,516,387.01, compared to ¥92,632,057.90 in the same period of 2018, reflecting a 15.9% increase[28]. - The company reported a total profit of ¥53,311,608.95 for Q3 2019, compared to ¥34,541,928.57 in Q3 2018, marking a 54.5% increase[28]. - The total comprehensive income for Q3 2019 was ¥42,191,918.51, up from ¥26,246,835.88 in Q3 2018, indicating a growth of 60.8%[29]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,643,562,247.57, an increase of 42% compared to the previous year-end[7]. - The company’s total assets increased to CNY 3,643,562,247.57, up from CNY 2,567,303,220.94 year-over-year, representing a growth of approximately 42%[21]. - Total liabilities rose to CNY 1,215,464,971.29, compared to CNY 896,086,869.39, marking an increase of around 36%[22]. - Owner's equity increased significantly to CNY 2,428,097,276.28 from CNY 1,671,216,351.55, showing a growth of about 45%[22]. - Non-current assets totaled CNY 794,448,244.91, a decrease from CNY 1,106,767,335.35, indicating a decline of about 28%[21]. - The total current liabilities stood at CNY 756,412,839.93, with no changes reported in other current liabilities[46]. Cash Flow - The net cash flow from operating activities for the first nine months was ¥290,357,896.46, compared to ¥148,580,312.65 in the previous year, showing a significant increase[7]. - Cash and cash equivalents decreased to ¥411.17 million from ¥686.37 million, primarily due to business expansion, stock repurchase, dividend distribution, and repayment of bank loans[12]. - The company reported cash outflows from investment activities amounting to ¥861,328,847.98 in the first three quarters of 2019, significantly higher than ¥240,163,797.04 in the same period of 2018[38]. - The net cash flow from investment activities was -¥527,670,708.45 for the first three quarters of 2019, compared to -¥159,355,545.67 in 2018, indicating a worsening investment cash flow situation[38]. - Cash inflow from investment activities for the first three quarters of 2019 was CNY 333.72 million, compared to CNY 81.04 million in the same period of 2018[35]. Shareholder Information - The total number of shareholders at the end of the reporting period was 14,504[9]. - Major shareholder Sun Jisheng holds 34.94% of the shares, with 65,536,143 shares pledged[9]. Research and Development - The company has not disclosed any new product or technology developments in this report[11]. - Research and development expenses for Q3 2019 were ¥11,719,999.80, slightly down from ¥12,160,596.70 in Q3 2018[27]. - Research and development expenses decreased to CNY 11.63 million in Q3 2019, down 37.2% from CNY 18.51 million in Q3 2018[32]. Financial Standards and Adjustments - The company executed a new financial instrument standard starting January 1, 2019, which resulted in adjustments to retained earnings and deferred tax liabilities[43]. - The company reported a total of CNY 1,001,053,504.51 in non-current assets, with a decrease of CNY 499,663,585.72 due to adjustments related to the new financial instrument standard[46].

Financial Performance - The company's operating revenue for the first half of 2019 was approximately ¥427.6 million, a decrease of 3.1% compared to ¥441.1 million in the same period last year[22]. - The net profit attributable to shareholders for the first half of 2019 was approximately ¥66.1 million, slightly down from ¥66.7 million in the previous year[22]. - The net cash flow from operating activities increased significantly to approximately ¥194.3 million, up from ¥85.1 million in the same period last year, indicating improved cash collection and payment adjustments[22]. - The company's total assets increased to approximately ¥3.59 billion, up from ¥2.57 billion year-on-year, primarily due to the implementation of new financial instrument standards[22]. - The weighted average return on equity decreased to 2.76% from 3.96% in the previous year, reflecting a decline of 1.09 percentage points[22]. - The company reported non-recurring gains of approximately ¥3.67 million, including government subsidies and other income[24]. - The company achieved operating revenue of 428 million yuan and a net profit attributable to shareholders of 66.12 million yuan, with a projected full-year revenue target of 950 million yuan and net profit of 136 million yuan[36][45]. - The company's shared mobility platform revenue in the first half of 2019 exceeded 300% of the total revenue for the entire year of 2018, with expectations for continued acceleration in the second half of 2019[36][46]. Business Operations and Expansion - The company operates in the shared mobility industry, which includes public transport, shared bicycles, and ride-hailing services[10]. - The company is focused on expanding its public bicycle system and enhancing its technology through smart parking solutions[11]. - The number of shared cars deployed by the company reached approximately 3,500 units by June 30, 2019, with plans to exceed 8,000 units by the end of 2019 and 20,000 units by 2020[32]. - The company has obtained a ride-hailing license in Changzhou, with operational permits in other cities being processed, indicating expansion in the ride-hailing market[32]. - The company has successfully launched shared e-bikes in over 20 cities, with plans to expand to approximately 30 cities by the end of 2019[36][46]. - The company aims to expand its new business services, including shared e-bikes and shared cars, to over 50 cities by 2020, leveraging existing public bicycle operations[42][46]. - The company has established a joint venture in India and registered a shared mobility company in the UK, indicating international market expansion[47]. Research and Development - The company is focusing on the development of IoT and big data technologies to enhance its shared mobility systems, positioning itself for future growth in the industry[26]. - Research and development expenses increased to ¥22,187,054.40, up from ¥14,846,964.23 in the previous period, reflecting a focus on enhancing competitive capabilities[51]. - Research and development expenses for the first half of 2019 were CNY 22,187,054.40, up from CNY 14,846,964.23 in the same period last year, reflecting a growth of 49.0%[130]. Financial Management and Risks - The company emphasizes the importance of investment risk and has outlined potential risks in the report[5][6]. - The company faces risks related to government support for bicycle transportation, which could impact market size and profitability if support decreases[66]. - The company reported a potential risk of increased costs due to rising prices affecting system operation services, which could impact gross margins[68]. - The company is exposed to cash flow management risks due to significant upfront capital investments in shared mobility projects[69]. - The company faces potential cash flow pressure, which could negatively impact expansion plans and overall profitability if funding is not secured under appropriate conditions[70]. Shareholder and Stock Management - The company reported no profit distribution plan or capital reserve transfer plan for the first half of 2019[4]. - The company will not distribute dividends or issue bonus shares for the half-year period[74]. - The company has committed to not transferring or entrusting shares held by major shareholders for a period of 36 months from the date of the initial public offering[76]. - The company plans to implement stock repurchase measures to stabilize share prices, with a budget not exceeding 30% of the audited net profit attributable to shareholders for the previous accounting year[78]. - Major shareholders are required to take measures to stabilize share prices within 5 trading days after the shareholder meeting approves the specific plan[78]. - The company has established specific measures to ensure the stability of its stock price, including potential share buybacks and management salary restrictions[78]. - The company will implement stock repurchase measures if the stock price stabilization conditions are triggered, with the total amount for repurchase not exceeding 30% of the after-tax salary and cash dividends received in the previous year[79]. Legal and Compliance - The financial report has not been audited, ensuring transparency in the reporting process[7]. - The company has confirmed that all resolutions passed at the shareholder meetings were in compliance with relevant laws and regulations[73]. - The company will refund investors' subscription payments with interest if there are significant violations in the IPO prospectus that affect the issuance conditions[80]. - The company commits to compensating investors for losses incurred due to misleading statements in the IPO prospectus, following the recognition of such violations by regulatory authorities[80]. Assets and Liabilities - The company's total assets increased to approximately ¥3.59 billion, up from ¥2.57 billion year-on-year, primarily due to the implementation of new financial instrument standards[22]. - The total liabilities increased to CNY 1,156,494,504.46 from CNY 796,154,264.82, representing a growth of 45.3%[128]. - The company's equity attributable to shareholders grew to RMB 2,381,736,778.21 from RMB 1,666,193,828.77, reflecting an increase of approximately 43%[125]. - The company's cash and cash equivalents decreased to RMB 445,904,915.66 from RMB 686,370,298.13, representing a decline of approximately 35%[122]. Corporate Governance - The controlling shareholder and actual controller of the company have maintained a good integrity status during the reporting period[93]. - The company has established methods for determining expected credit losses for receivables, ensuring accurate financial reporting[190]. - The company has a policy for recognizing impairment losses on intangible assets if they are deemed to no longer provide future economic benefits[200].

Financial Performance - Operating income for the first quarter was CNY 188,145,706.87, a slight increase of 0.14% year-on-year[6] - Net profit attributable to shareholders was CNY 28,242,753.75, up by 0.99% compared to the same period last year[6] - Basic earnings per share increased by 5.00% to CNY 0.21[6] - Total operating revenue for Q1 2019 was CNY 188,145,706.87, a slight increase of 0.14% compared to CNY 187,886,884.00 in Q1 2018[30] - Net profit for Q1 2019 was CNY 27,965,212.41, showing a marginal increase from CNY 27,891,313.44 in Q1 2018[31] - Total profit for Q1 2019 was CNY 31,967,873.95, a decrease of 12.0% compared to CNY 36,619,605.76 in Q1 2018[30] - Operating profit decreased to CNY 31,788,645.70, down 13.5% from CNY 36,500,015.84 in Q1 2018[30] Assets and Liabilities - Total assets increased by 36.68% to CNY 3,508,588,670.50 compared to the end of the previous year[6] - Total current assets increased to ¥2,815,620,365.11 from ¥1,460,518,812.19, indicating significant growth in liquidity[23] - Non-current assets decreased to ¥692,968,305.39 from ¥1,106,413,340.45, a decline of about 37.4%[25] - Total liabilities increased to ¥1,112,237,542.88 from ¥896,046,296.86, reflecting an increase of about 24.1%[25] - Current liabilities decreased to ¥640,073,260.97 from ¥756,372,267.40, a reduction of approximately 15.4%[25] - Total assets decreased to $2,434,737,455.48 from $3,365,830,714.49, a decline of approximately 28%[49] - Total liabilities decreased to $796,154,264.82 from $1,028,927,579.57, a reduction of about 22%[49] Shareholders' Equity - Net assets attributable to shareholders increased by 43.57% to CNY 2,391,606,146.18 compared to the end of the previous year[6] - Shareholders' equity rose to ¥2,396,351,127.62 from ¥1,670,885,855.78, indicating a growth of approximately 43.4%[25] - Shareholders' equity grew from CNY 1,670,885,855.78 to CNY 2,369,205,800.04, an increase of 41.7%[45] - Shareholders' equity decreased to $1,638,583,190.66 from $2,336,903,134.92, representing a decline of approximately 30%[50] Cash Flow - Net cash flow from operating activities decreased by 36.79% to CNY 34,438,432.47 compared to the previous year[6] - The company reported a decrease in management expenses to CNY 8,875,919.49, down 29.5% from CNY 12,530,797.30 in Q1 2018[30] - The company experienced a tax expense of CNY 4,002,661.54, significantly lower than CNY 8,728,292.32 in Q1 2018[30] - The net cash flow from operating activities was CNY 34,438,432.47, down 36.8% compared to CNY 54,483,981.31 in the same period last year[37] - The company reported a significant increase in cash inflow from investment activities, totaling CNY 164,758,027.41, compared to CNY 43,221,235.61 in Q1 2018, marking an increase of 281.5%[38] - The net cash flow from investment activities for the parent company was negative CNY 363,735,301.97, compared to a net outflow of CNY 37,609,639.80 in the previous year[40] Investments and Expenses - R&D expenses rose by 136.84% to ¥11,384,094.27, reflecting increased investment in new product development[17] - Financial expenses skyrocketed by 3,548.42% to ¥2,523,235.15, mainly due to increased bank loan interest costs[17] - Investment income increased by 225.09% to ¥719,204.04, resulting from higher amounts invested in bank wealth management products[17] - Total operating costs increased to CNY 160,283,572.93, up 3.8% from CNY 155,299,141.28 in the same period last year[30] - Research and development expenses rose significantly to CNY 11,384,094.27, an increase of 137.5% compared to CNY 4,806,688.89 in Q1 2018[30] Shareholder Information - The total number of shareholders at the end of the reporting period was 12,475[10] - The largest shareholder, Sun Jisheng, holds 34.83% of the shares, with 46,811,531 shares pledged[10]

Financial Performance - In 2018, the company's operating revenue was approximately CNY 844.99 million, a decrease of 19.87% compared to CNY 1,054.53 million in 2017[24]. - The net profit attributable to shareholders was CNY 119.35 million, reflecting a significant decline of 76.89% from CNY 516.45 million in the previous year[24]. - The basic earnings per share (EPS) for 2018 was CNY 0.89, down 76.82% from CNY 3.84 in 2017[24]. - The weighted average return on equity (ROE) decreased to 7.19%, down 44.81 percentage points from 52.00% in 2017[24]. - The net cash flow from operating activities was CNY 296.88 million, a decrease of 13.10% compared to CNY 341.63 million in 2017[24]. - The total assets at the end of 2018 were approximately CNY 2.55 billion, an increase of 1.44% from CNY 2.51 billion at the end of 2017[24]. - The net assets attributable to shareholders increased by 1.33% to CNY 1.66 billion at the end of 2018, compared to CNY 1.64 billion at the end of 2017[24]. - The company reported a net profit excluding non-recurring gains and losses of CNY 111.49 million, down 8.70% from CNY 122.10 million in 2017[24]. - The company reported a total revenue of 844,992,888.45 yuan in 2018, a decrease of 19.87% year-on-year[59]. - The net profit attributable to shareholders was 11,935.22 million yuan, down 76.89% year-on-year[59]. Dividend and Share Capital - The company plans to distribute a cash dividend of RMB 2.70 per 10 shares, totaling RMB 35,896,500, and to increase its share capital by 53,180,000 shares through capital reserve conversion, raising total shares to 187,580,000[5]. - The cash dividend distribution for 2018 represents 30.08% of the net profit attributable to ordinary shareholders in the consolidated financial statements[109]. - The total cash dividend amount for 2018, including share buybacks, is RMB 30,631,610.96, which accounts for 55.75% of the net profit attributable to ordinary shareholders[110]. - The company plans to repurchase shares at a price not exceeding 30% of the previous year's audited net profit attributable to shareholders[114]. - The controlling shareholder will increase their stake in the company within 5 trading days after the shareholder meeting approves the specific plan to stabilize the stock price[115]. Business Operations and Strategy - The company is involved in the shared mobility industry, which includes various transportation services such as public transport and bike-sharing[13]. - The company is focused on expanding its public bicycle system and enhancing its smart parking solutions[24]. - The company continues to explore new technologies and products to improve operational efficiency and user experience[24]. - The company’s main business involves the development, sales, and operation of shared mobility systems based on IoT and big data analysis technologies[32]. - The shared mobility platform generates revenue by providing shared transportation tools at fixed points and charging consumers through the Yong'an APP[33]. - The company is focusing on expanding its shared mobility platform while controlling low-margin, high-risk bicycle manufacturing operations[54]. - The company has successfully completed the technical integration of traditional public bicycles with new-generation services, enhancing user convenience and increasing revenue growth[44]. Market Trends and Challenges - The market for shared mobility is expected to grow significantly, driven by the increasing demand for shared bicycles, electric vehicles, and other transportation options[37]. - The shared bicycle market is experiencing a decline due to stricter government regulations and the natural attrition of unmanaged bikes, leading to a consolidation in the industry[38]. - Shared cars are becoming increasingly popular among young consumers, indicating a potential growth trend in this segment despite the challenges faced by some companies in the market[39]. - The company faces risks related to government support for public transportation, which could impact market capacity and profitability[96]. - The company anticipates potential fluctuations in gross profit margin due to the maturity of the public bicycle market and the impact of large project negotiations[100]. Research and Development - In 2018, the company's R&D investment accounted for 5.27% of sales revenue, with a new R&D center established in Chengdu[55]. - The company plans to invest at least 5% of sales revenue in R&D, with a goal of filing no less than 50 invention patents[94]. - The company has a total of 438 R&D personnel, indicating a strong focus on research and development[184]. Financial Management and Investments - The company has invested a total of CNY 75 million in bank wealth management products using raised funds, with no overdue amounts[141]. - The company has also invested CNY 160 million in bank wealth management products using its own funds, with no overdue amounts[141]. - The annualized return on the bank wealth management products was 4.85%, with a total income of CNY 2,720,650.68 already recovered[144]. - The company has a total of CNY 10 million in wealth management products from China Bank, with an annualized return of 3.20% and total income of CNY 31,561.64 already recovered[144]. Corporate Governance - The company’s governance structure complies with relevant laws and regulations, ensuring the protection of shareholder interests[191]. - The company held multiple shareholder meetings in 2018, all of which were conducted in accordance with legal requirements[192]. - The board of directors held a total of 7 meetings during the year, all conducted via communication methods[194]. - Independent directors did not raise any objections regarding company matters during the reporting period[195]. Legal and Compliance - The company has appointed Deloitte Touche Tohmatsu CPA Ltd. as its auditor for the 2018 financial year, with an audit fee of CNY 1,272,000[128]. - The company is currently involved in a significant lawsuit regarding patent infringement, with the case concluded by the Jiangsu Provincial High People's Court[130]. - The company has no major litigation or arbitration matters pending or disclosed in temporary announcements[131]. - The company maintained compliance with environmental regulations, ensuring no penalties were incurred during the reporting period[148]. Employee and Management Structure - The total number of employees in the parent company was 3,770, while the total number of employees in the parent company and major subsidiaries was 5,405[184]. - The company has a diverse management team with significant experience in various sectors, including technology and finance, enhancing its strategic decision-making capabilities[175]. - The total pre-tax remuneration for the reporting period amounted to 180.12 million yuan, with the highest individual remuneration being 44.07 million yuan for the Vice General Manager[173].

Financial Performance - Operating revenue for the first nine months was CNY 612,853,814.49, a decline of 18.41% year-on-year[7] - Net profit attributable to shareholders increased by 13.75% to CNY 90,169,046.22 for the first nine months[7] - The company reported a net profit of CNY 84,261,995.92 after deducting non-recurring gains and losses, a 10.60% increase year-on-year[8] - Total operating revenue for Q3 2018 was CNY 189,511,906.71, a decrease of 31.5% compared to CNY 276,655,025.34 in the same period last year[35] - Net profit for Q3 2018 reached CNY 25,349,149.26, an increase of 45.2% compared to CNY 17,440,775.47 in Q3 2017[36] - The net profit attributable to the parent company for Q3 2018 was CNY 25,627,443.96, an increase from CNY 17,917,136.88 in Q3 2017, representing a growth of approximately 43.5%[37] - The total comprehensive income attributable to the parent company for Q3 2018 was CNY 25,821,418.99, compared to CNY 17,911,321.06 in the same period last year, marking an increase of about 44.0%[38] Cash Flow - Net cash flow from operating activities rose by 76.51% to CNY 153,651,504.04 compared to the same period last year[7] - Cash inflow from operating activities for the year-to-date period (January to September) was CNY 693,827,931.50, a decrease of 41.7% compared to CNY 1,188,466,538.06 in the same period last year[43] - Cash received from sales of goods and services was CNY 425,342,379.44, down from CNY 507,408,113.24 in the same period last year, indicating a decline in revenue generation[46] - Cash received from other operating activities increased significantly to CNY 306,416,233.47 from CNY 33,184,762.31, reflecting improved operational efficiency[46] - Total cash outflow from operating activities was CNY 599,265,596.21, slightly lower than CNY 647,110,447.51 in the previous year, indicating better cost management[46] Assets and Liabilities - Total assets decreased by 7.10% to CNY 2,336,168,016.27 compared to the end of the previous year[7] - Total current assets decreased from ¥1,426,271,292.29 to ¥1,305,973,837.91, a decline of approximately 8.45%[27] - Total liabilities decreased from ¥873,054,311.17 to ¥671,868,294.24, a reduction of about 23.05%[29] - The company's total equity increased from ¥1,641,592,741.57 to ¥1,664,299,722.03, an increase of about 1.38%[29] Shareholder Information - The number of shareholders reached 15,542 by the end of the reporting period[12] - The largest shareholder, Sun Jisheng, holds 34.83% of the shares, with 5,253,679 shares pledged[12] Investments and Expenses - Research and development expenses increased by 52.02% to ¥27,007,560.93, driven by the expansion of technology development projects[19] - The company reported a significant increase in long-term equity investments, rising to CNY 44,358,760.72 from CNY 14,767,818.74, an increase of 200.5%[32] - Cash paid for investments surged by 46,195.47% to ¥92,590,941.98, primarily due to increased external investments and financial product investments[20] - Cash paid for dividends and interest repayment increased by 999.47% to ¥69,610,768.80, significantly higher than the same period last year[20] Operational Efficiency - Cash and cash equivalents decreased by 36.81% to ¥300,202,287.22 due to increased payments for bank financial products and goods[15] - Accounts receivable increased by 100% to ¥2,100,000.00 as a result of receiving bank acceptance bills[15] - Prepayments surged by 229.74% to ¥27,737,852.92 due to an increase in advance payments for goods[15] - Total operating costs for Q3 2018 were CNY 162,704,360.54, down from CNY 257,401,426.27 in Q3 2017, reflecting a reduction of 36.8%[36] - The company reported a decrease in operating costs for Q3 2018, which were CNY 104,989,240.62, down from CNY 144,197,412.04 in Q3 2017, a reduction of about 27.0%[40]