Financial Performance - The company reported a total revenue of 500 million CNY for the first half of 2021, representing a year-on-year increase of 20%[12]. - The company's operating revenue for the first half of 2021 was ¥433,605,275.97, representing a 6.53% increase compared to ¥407,025,698.70 in the same period last year[19]. - Net profit attributable to shareholders was ¥81,923,247.69, a 15.05% increase from ¥71,207,616.51 year-on-year[19]. - The basic earnings per share increased by 15.63% to ¥0.37 from ¥0.32 in the previous year[20]. - The diluted earnings per share saw a significant increase of 100% to ¥0.33, attributed to the issuance of convertible bonds in November 2020[21]. - The company's revenue for the first half of 2021 was 433.61 million RMB, representing a year-on-year growth of 6.53%[52]. - The net profit attributable to shareholders was 81.92 million RMB, an increase of 15.05% year-on-year, while the net profit excluding non-recurring items decreased by 23.12% to 51.32 million RMB[49]. - The operating service revenue from public bicycles was 288 million RMB, while the revenue from the Yongan travel platform was 81 million RMB[49]. User Growth and Market Expansion - User data indicates that the active users of the shared bicycle service reached 1.5 million, up from 1.2 million in the same period last year, marking a growth of 25%[12]. - The company plans to expand its market presence by entering three new cities by the end of 2021, aiming for a 15% increase in market share[12]. - The company aims to improve urban transportation by integrating shared bicycles into the public transport system, potentially increasing their usage to over 15% in well-developed areas[34]. - The company operates in over 300 cities and regions across China, leveraging its existing public bicycle operations to expand into shared e-bikes and electric vehicles, focusing on second to fourth-tier cities[46]. - The company has expanded its shared travel services to over 300 cities and regions across the country, with over 300 million RMB in public bicycle project renewals or expansions completed[50]. Research and Development - Research and development expenses increased by 30% to 50 million CNY, focusing on new technologies in smart bicycles and data cloud technology[12]. - The company is committed to R&D investments, particularly in shared e-bikes and hydrogen fuel cell vehicles, which are expected to become new growth points[39]. - The company is investing heavily in R&D, allocating 200 million for new technology development aimed at enhancing user experience[93]. - The company has received 8 invention patents from the National Intellectual Property Administration of China, enhancing its core technological capabilities and intellectual property protection[45]. - The company submitted over 20 patent applications related to hydrogen energy and received authorization for 2 new hydrogen fuel-related invention patents during the reporting period[51]. Financial Integrity and Compliance - The company has no non-operating 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 financial report for the first half of 2021 has not been audited, but management assures its accuracy and completeness[6]. - The company emphasizes the importance of risk management, highlighting potential risks in the operational environment[5]. Cash Flow and Investments - The net cash flow from operating activities decreased by 22.19% to ¥128,949,817.09 from ¥165,723,584.79 in the same period last year[19]. - The net cash flow from operating activities for the first half of 2021 was ¥112,555,550.68, an increase of 30.4% compared to ¥86,353,942.47 in the same period of 2020[157]. - The company reported a net cash outflow from investing activities of CNY 677,207,987.31 for the first half of 2021, compared to a net outflow of CNY 198,891,165.57 in the previous year, indicating a significant increase in investment expenditures[153]. - The company’s cash and cash equivalents decreased by 62.19% year-on-year, primarily due to the reclassification of financial products[55]. Shareholder and Stock Management - The company has committed to stock price stabilization measures, including potential stock buybacks if certain conditions are met[86]. - The controlling shareholder, Mr. Sun Jisheng, will increase his shareholding to stabilize the company's stock price, with the total amount not exceeding 30% of the cash dividends received since the company's listing[87]. - Company directors and senior management will also increase their shareholding, with the total amount not exceeding 30% of their after-tax salary and cash dividends from the previous year[88]. - The company will implement measures such as reducing expenses and limiting senior management salaries to enhance performance and stabilize stock prices[87]. Environmental and Social Responsibility - The company is committed to achieving carbon peak targets in the transportation sector by 2030, promoting low-energy, low-emission, and high-efficiency transportation methods[38]. - The company promotes a green shared travel ecosystem, integrating bicycles and electric vehicles to improve urban transportation[81]. - The company actively explores rural tourism poverty alleviation projects, contributing to rural revitalization efforts[83]. Corporate Governance - The group has established a corporate governance structure including a shareholders' meeting, board of directors, and supervisory board[171]. - The group currently includes a total of 30 subsidiaries in the consolidated financial statements, with one new company established this year[172]. - The group assessed its ability to continue as a going concern for the next 12 months and found no issues affecting this capability[175]. Risk Management - The company faces risks related to government support for bicycle transportation, which could impact market size and profitability if support decreases[66]. - The company is actively pursuing new business developments, particularly in shared electric bicycles, to mitigate risks associated with government support[66]. - The company reported a significant risk of cost increases due to price fluctuations in electronic components, which could negatively affect gross margins[67].

Financial Performance - Operating revenue for the reporting period was CNY 201,870,774.69, an increase of 16.06% year-on-year[6] - Net profit attributable to shareholders was CNY 28,990,646.80, reflecting a year-on-year increase of 2.40%[6] - Basic earnings per share increased by 6.67% to CNY 0.16 per share[6] - Total revenue for Q1 2021 reached ¥201,870,774.69, an increase of 16.06% compared to ¥173,941,862.35 in Q1 2020[30] - Net profit for Q1 2021 reached CNY 29.58 million, up from CNY 28.63 million in the same period last year, representing a growth of 3.3%[34] - The company’s total comprehensive income for Q1 2021 was CNY 29.58 million, compared to CNY 28.63 million in Q1 2020, showing an increase of 3.3%[34] Cash Flow - The net cash flow from operating activities was CNY 11,707,573.88, down 26.09% compared to the same period last year[6] - Cash flow from operating activities for Q1 2021 was CNY 11.71 million, down from CNY 15.84 million in Q1 2020, indicating a decline of 26.5%[37] - The total cash inflow from operating activities was CNY 225.38 million in Q1 2021, slightly up from CNY 221.17 million in Q1 2020[37] - The cash flow from operating activities totaled ¥219,904,961.60, slightly down from ¥222,201,026.10 in the previous year[40] - Cash flow from financing activities showed a net outflow of -¥50,067,500.00, compared to -¥13,429,105.88 in the same period last year[41] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,856,604,111.55, a decrease of 1.67% compared to the end of the previous year[6] - Total current assets decreased to CNY 4,030,408,313.36 from CNY 4,105,587,310.54[22] - Total liabilities decreased to CNY 1,471,910,341.50 from CNY 1,533,355,415.82[24] - The company's equity attributable to shareholders was CNY 3,381,608,004.26, down from CNY 3,402,557,268.72[24] - Total assets amounted to CNY 4,856,604,111.55, down from CNY 4,938,955,846.41[23] Expenses - Sales expenses rose by 62.16% to CNY 2,518,778.97 primarily due to increased after-sales costs[17] - Tax and additional charges increased by 31.65% to CNY 825,107.92 due to rising taxes[17] - Investment income decreased by 96.77% to CNY 55,551.12 mainly due to unexpired financial products[17] - Research and development expenses increased to CNY 8.28 million in Q1 2021 from CNY 7.73 million in Q1 2020, reflecting a rise of 7.1%[33] - The company reported a decrease in financial expenses to CNY 1.76 million in Q1 2021 from CNY 2.27 million in Q1 2020, a reduction of 22.3%[33] Shareholder Information - The number of shareholders at the end of the reporting period was 14,136[10] - Minority shareholders' equity increased to CNY 3,085,765.79 from CNY 3,043,161.87[24]

Financial Performance - The company's operating revenue for 2020 was approximately ¥872.96 million, a decrease of 6.69% compared to ¥935.55 million in 2019[24]. - The net profit attributable to shareholders for 2020 was approximately ¥494.57 million, down 1.20% from ¥500.56 million in 2019[24]. - The net profit after deducting non-recurring gains and losses increased by 10.63% to approximately ¥123.77 million in 2020 from ¥111.88 million in 2019[24]. - The total assets at the end of 2020 were approximately ¥4.94 billion, an increase of 24.60% from ¥3.96 billion at the end of 2019[24]. - The basic earnings per share for 2020 was ¥2.66, a decrease of 1.12% from ¥2.69 in 2019[25]. - The company reported a cash flow from operating activities of approximately ¥352.17 million in 2020, down 10.19% from ¥392.14 million in 2019[24]. - The company’s net assets attributable to shareholders increased by 25.86% to approximately ¥3.40 billion at the end of 2020 from ¥2.70 billion at the end of 2019[24]. - The company achieved a total revenue of 873 million yuan in 2020, with a net profit attributable to shareholders of 495 million yuan, and a net profit of 124 million yuan after deducting non-recurring gains and losses[48]. - The company achieved a revenue of 873 million RMB, a decrease of 6.69% year-on-year, with net profit attributable to shareholders at 495 million RMB, down 1.20%[57]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 6.50 per 10 shares, totaling RMB 119,576,275, and will increase its total share capital to 224,372,700 shares through a capital reserve transfer of 2 shares for every 10 shares held[5]. - The company will distribute cash dividends of 6.50 RMB per 10 shares, totaling 119,576,275 RMB, based on the total shares of 183,963,500 after buybacks for the year 2020[102]. - The cash dividend distribution for 2019 was 1.80 RMB per 10 shares, amounting to 33,503,400 RMB, with a net profit of 500,563,028.19 RMB, resulting in a payout ratio of 6.69%[103]. Audit and Compliance - The company has received a standard unqualified audit report from the accounting firm, ensuring the accuracy and completeness of the financial report[4]. - There are no non-operating fund occupations by controlling shareholders or related parties, ensuring financial integrity[7]. - The company has committed to not transferring benefits to other entities or individuals unfairly, ensuring the protection of company interests[124]. - The company has committed to maintaining the legal rights of all shareholders and fulfilling its responsibilities diligently[124]. - The internal control audit report for the year 2020 received a standard unqualified opinion[198]. - The company has not faced any penalties from securities regulatory agencies in the past three years[184]. Business Operations and Strategy - The company operates in the shared mobility industry, which includes public transport, shared bicycles, and ride-hailing services[13]. - The company is focused on developing new technologies and products, including smart parking systems and data cloud technology for enhanced operational efficiency[14]. - The company’s main business focuses on the development and operation of shared mobility systems based on IoT and cloud data technology[32]. - The company has established a sales system targeting both government and consumers through its DP platform and the 永安行 APP[33]. - The company has developed a comprehensive shared mobility system covering distances from 1 to 30 kilometers, integrating various transportation tools such as bicycles, e-bikes, and ride-hailing services[46]. - The company is expanding its market presence in lower-tier cities, promoting longer-distance e-bikes to meet local transportation needs[49]. - The company is committed to enhancing its operational efficiency and service quality, focusing on fine-tuned operations and compliance with regulatory standards to ensure sustainable growth[45]. - The company is leveraging its established credibility with local governments to rapidly expand its shared mobility services in various cities[93]. Research and Development - The company holds 182 valid patents, including 17 invention patents, and has made technological breakthroughs in hydrogen fuel electric vehicles and shared mobility platforms[51]. - The company has focused on R&D in hydrogen fuel vehicles, smart living platforms, and IoT storage chips, ensuring sustainable future growth[59]. - The total R&D investment amounted to ¥38,258,088.43, representing 4.38% of total operating revenue[76]. - The company has 425 R&D personnel, indicating a strong focus on innovation and product development[185]. - The company is committed to developing IoT storage chips and new memory technologies to support its long-term vision of a connected world[91]. Market Expansion and User Growth - User data showed a 15% increase in active users, reaching 10 million by the end of the year[113]. - Market expansion efforts are underway, with plans to enter three new international markets by Q3 2024[113]. - The company announced a strategic acquisition of a smaller tech firm for $100 million to enhance its product offerings[112]. - A new marketing strategy was introduced, targeting a 10% increase in market share over the next year[113]. Financial Management and Investments - The company successfully issued 886 million RMB in convertible bonds, enhancing its financial position for future growth[58]. - The company has invested RMB 48 million in bank financial products using raised funds, with no overdue amounts[145]. - The company has a total of RMB 221.2 million in self-owned funds invested in various financial products, with an outstanding balance of RMB 70 million[145]. - The company plans to continue its investment strategies in trust and wealth management products to enhance returns on its capital[146]. - The company has successfully recovered all investments from various financial products, indicating effective cash management strategies[147]. Shareholder and Governance Matters - The company has committed to not transferring or entrusting the management of shares held prior to the IPO for a period of 36 months from the date of listing, with compliance confirmed[106]. - The company will implement measures such as reducing expenses and limiting executive compensation to enhance performance and stabilize stock prices[107]. - The company has confirmed that all commitments made by shareholders and management have been fulfilled as of the reporting period[106]. - The company has a total of 85 utility model patents and 22 design patents, showcasing its commitment to technological advancement[179]. - The company has a total of 590 management personnel, reflecting its organizational structure and management capabilities[185]. Risks and Challenges - The company emphasizes the importance of risk awareness regarding forward-looking statements and potential investment risks[6][9]. - The company faces risks related to government support for the bicycle transportation industry, which could impact market size and profitability if support decreases[97]. - The company is also exposed to risks from price fluctuations of raw materials, which could affect the gross margin of its service projects[98]. Employee and Management Information - The total number of employees in the parent company is 3,459, while the main subsidiaries have 1,842 employees, resulting in a total of 5,301 employees[185]. - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period is 2.0363 million yuan[182]. - The company has granted a total of 23,000 stock options during the reporting period, with a stock option exercise price of 16.56 yuan[179]. - The company has appointed a new financial officer during the reporting period, indicating changes in its management team[183].

Financial Performance - Net profit attributable to shareholders was CNY 109,734,989.43, reflecting a year-on-year increase of 1.09%[5] - Operating revenue for the first nine months was CNY 658,205,435.57, up 1.08% from the same period last year[5] - The company reported a basic earnings per share of CNY 0.59, an increase of 1.72% year-on-year[5] - Net profit for the first three quarters of 2020 was ¥658,205,435.57, slightly up from ¥651,185,378.43 in the same period of 2019, indicating a growth of 1.5%[29] - The company reported a total profit of approximately ¥147.05 million for the first three quarters of 2020, compared to ¥124.11 million in the same period of 2019, representing an increase of about 18.5%[33] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 3,964,692,534.34, a slight increase of 0.02% compared to the end of the previous year[5] - Total current assets decreased to ¥3,093,259,223.28 from ¥3,156,042,222.44, reflecting a decline in cash and cash equivalents[21] - Total liabilities decreased to ¥1,181,464,289.49 from ¥1,256,052,624.52, indicating improved financial stability[23] - Total equity increased to ¥2,783,228,244.85 from ¥2,707,777,659.82, reflecting a stronger balance sheet position[23] - The company's total liabilities as of September 30, 2020, were ¥1,203,705,390.09, up from ¥1,189,161,314.11 at the end of 2019, reflecting a growth of 1.2%[26] Cash Flow - The net cash flow from operating activities decreased by 21.89% to CNY 226,795,342.85 compared to the previous year[5] - Cash flow from operating activities for the first three quarters of 2020 was CNY 226,795,342.85, down 21.9% from CNY 290,357,896.46 in the same period of 2019[36] - Net cash flow from investing activities improved by 59.80%, reaching -¥266,520,466.73, mainly due to reduced purchases of bank wealth management products and shared equipment[17] - The company reported a net cash flow from financing activities of -CNY 72,761,514.57 for the first three quarters of 2020, compared to -CNY 16,590,183.75 in the same period of 2019[37] Investments - Long-term equity investments surged by 241.99% to CNY 29,847,066.28, primarily due to investments in joint ventures[12] - Long-term equity investments increased significantly to ¥29,847,066.28 from ¥8,727,592.95, indicating a strategic shift in investment focus[21] - The company reported a net investment loss of ¥135,185.27 in Q3 2020, compared to a gain of ¥854,382.04 in Q3 2019[29] Expenses - Financial expenses decreased by 41.45% to ¥4,688,948.37 due to reduced borrowing costs[15] - Research and development expenses for Q3 2020 were ¥8,820,139.84, down from ¥11,719,999.80 in Q3 2019, a decrease of 24.5%[29] - The company experienced a decrease in sales expenses, which were approximately ¥3.70 million in Q3 2020, compared to ¥2.04 million in Q3 2019, indicating an increase of about 81.1%[33] Shareholder Information - The number of shareholders reached 14,818, with the top ten shareholders holding a significant portion of shares[9] Government Subsidies - The company recognized government subsidies amounting to CNY 4,619,267.39 for the year-to-date[8] Changes in Accounting Standards - The company implemented new revenue and leasing standards starting January 1, 2020, affecting the financial statements[41] - The company implemented new revenue accounting standards effective January 1, 2020, impacting financial statement adjustments[49]

Financial Performance - In 2018, the company's operating revenue was approximately ¥844.99 million, a decrease of 19.87% compared to ¥1,054.53 million in 2017[25]. - The net profit attributable to shareholders was approximately ¥119.35 million, down 76.89% from ¥516.45 million in 2017[25]. - The basic earnings per share (EPS) for 2018 was ¥0.89, reflecting a 76.82% decrease from ¥3.84 in 2017[25]. - The weighted average return on equity (ROE) was 7.19%, a decrease of 44.81 percentage points from 52.00% in 2017[25]. - The net cash flow from operating activities was approximately ¥296.88 million, down 13.10% from ¥341.63 million in 2017[25]. - The total assets at the end of 2018 were approximately ¥2.55 billion, an increase of 1.44% from ¥2.51 billion at the end of 2017[25]. - The net assets attributable to shareholders at the end of 2018 were approximately ¥1.66 billion, an increase of 1.33% from ¥1.64 billion at the end of 2017[25]. - The net profit after deducting non-recurring gains and losses was approximately ¥111.49 million, down 8.70% from ¥122.10 million in 2017[25]. - The company reported a total revenue of 844.99 million yuan in 2018, a decrease of 19.87% year-on-year, with a net profit of 119.35 million yuan, down 76.89%[60]. 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 capital stock by 53,180,000 shares through capital reserve conversion, raising total shares to 187,580,000[6]. - The cash dividend for 2018 represents 30.08% of the net profit attributable to ordinary shareholders in the consolidated financial statements[111]. - The cumulative 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[112]. - The company executed a cash dividend policy in accordance with regulatory guidelines, ensuring compliance with shareholder meeting resolutions[107]. - The proposed capital reserve transfer will increase the total share capital by 53,180,000 shares, raising the total share capital to 187,580,000 shares[108]. Business Operations and Strategy - The company has ceased its involvement in the dockless bike-sharing business, impacting its operational structure and financials[8]. - The company emphasizes the importance of its business model in the shared mobility industry, which includes various transportation services[14]. - The company has a significant focus on expanding its public bike system, which is a key component of urban public transport[14]. - The company plans to continue expanding its public bicycle system and enhance its operational services through partnerships[25]. - The company is focusing on the development of new technologies and products to improve user experience and operational efficiency[25]. - The company has shifted focus from low-margin, high-risk bicycle manufacturing to its shared mobility platform, which is expected to drive long-term growth[55]. - The company has established a multi-modal transportation platform integrating bicycles, shared e-bikes, shared cars, and ride-hailing services, enhancing user convenience and operational efficiency[43]. Market and Growth Outlook - The market for shared mobility is expected to grow significantly, driven by the increasing demand for shared cars among young consumers[40]. - The company anticipates stable traditional business due to continued procurement of equipment or services by city governments after the expiration of public bicycle contracts[39]. - The company plans to increase the total deployment of shared cars to over 8,000 units in 2019 and aims for 20,000 units by 2020, expanding to 50 cities[41]. - The company has registered 50 million members across approximately 275 cities and regions, with an expected stable business income of over 2 billion yuan from public bicycle projects in the next three years[55]. - The company plans to launch IoT chips and hydrogen energy technology products in 2019 to enhance its core technological competitiveness[58]. Research and Development - In 2018, the company increased its R&D investment to 5.27% of sales revenue, establishing a research center in Chengdu and a collaborative platform with Hohai University[56]. - Total R&D investment amounted to ¥44,511,368.50, representing 5.27% of operating revenue[76]. - The company is investing $50 million in R&D for new technologies aimed at enhancing user experience and product efficiency[118]. Risks and Challenges - The company has faced risks related to its business operations, which are detailed in the report, urging investors to be cautious[10]. - The company faces significant cash flow management risks due to large upfront operating capital investments in the shared mobility sector, which may pressure cash flow as business volume continues to grow[102]. - The company has incurred significant R&D costs for new systems, which may affect profitability if they do not yield expected results within 1-2 years[99]. - The company has faced risks related to government support for the bicycle transportation sector, which could impact market size and profitability[97]. Corporate Governance and Compliance - The company reported a standard unqualified audit opinion from its accounting firm, ensuring the accuracy and completeness of its financial reports[5]. - The company has committed to ensuring the accuracy of its financial disclosures and has taken responsibility for any potential misstatements[6]. - The company has established a performance evaluation mechanism for senior management, which is directly accountable to the board of directors[200]. - The compensation and assessment committee of the board is responsible for evaluating the performance of senior management based on the company's operational management situation[200]. Shareholder Relations - The company has established a three-year shareholder return plan (2018-2020) to protect the rights of shareholders, especially minority investors[106]. - The controlling shareholder, Mr. Sun Jisheng, will actively take measures to stabilize the company's stock price within 5 trading days after the shareholders' meeting approves the specific plan[117]. - Company directors and senior management will also increase their holdings of company stock, with the total amount not exceeding 30% of their after-tax salary and cash dividends from the previous year[117]. - The company will utilize various methods recognized by regulatory authorities to stabilize stock prices, including profit distribution and capital reserve transfers[116].

Financial Performance - Revenue for the first half of 2020 reached 500 million RMB, reflecting a 15% year-over-year growth[11] - The company's operating revenue for the first half of 2020 was CNY 407,025,698.70, a decrease of 4.81% compared to CNY 427,600,041.54 in the same period last year[19] - Net profit attributable to shareholders was CNY 71,207,616.51, representing an increase of 7.69% from CNY 66,121,061.93 year-on-year[19] - The basic earnings per share increased by 8.57% to CNY 0.38 from CNY 0.35 in the same period last year[20] - The company reported a significant increase in revenue, achieving a total of $X million for the first half of 2020, representing a Y% growth compared to the same period last year[65] - The company reported a total of 66,166,743 shares held by the director Sun Jisheng, with an increase of 15,000 shares during the reporting period[93] - The total comprehensive income for the current period is 71,004,692.65, compared to a loss of 33,503,400.00 in the previous period, indicating a significant turnaround in profitability[118] User Engagement and Market Expansion - The company reported a significant increase in user engagement, with a 25% rise in active users compared to the previous year[11] - The company plans to expand its market presence by entering three new cities by the end of 2020[11] - The company plans to expand its new business to over 50 cities in 2020 and aims to reach 100 cities in the next three years, leveraging its existing public bicycle systems[37] - The shared mobility market in China is expected to exceed CNY 300 billion in 2020, with significant growth potential driven by urban population increases[30] Research and Development - Investment in R&D increased by 20%, focusing on new technologies for smart bike-sharing systems[11] - Research and development expenses decreased by 24.24% compared to the previous year, reflecting a focus on optimizing existing services and developing new technologies[43] - As of June 30, 2020, the company held 172 valid patents, including 15 invention patents, and has made technological breakthroughs in public bicycles, e-bikes, hydrogen-powered vehicles, and shared cars[34] - The company is investing in R&D, allocating $F million towards the development of new technologies aimed at enhancing user experience and operational efficiency[65] Financial Guidance and Future Outlook - Future guidance indicates an expected revenue growth of 10% for the second half of 2020[11] - The company provided guidance for the next quarter, projecting revenue between $B million and $C million, indicating a potential growth rate of D%[65] - The company’s financial performance suggests a cautious but optimistic outlook for the upcoming periods, contingent on market conditions and operational strategies[117] Corporate Governance and Compliance - The board of directors confirmed the accuracy and completeness of the financial report, ensuring no significant omissions[6] - The company has no non-operational fund occupation by controlling shareholders or related parties[5] - No violations of decision-making procedures for external guarantees were reported[5] - The company has outlined specific measures to ensure compliance with stock trading regulations while stabilizing stock prices[64] Shareholder and Equity Management - The company has proposed no profit distribution or capital reserve fund transfer for the half-year period[60] - The controlling shareholder has committed not to transfer or delegate management of shares held prior to the IPO for 36 months[62] - The company plans to repurchase shares to stabilize stock prices, with a budget not exceeding 30% of the previous year's audited net profit attributable to shareholders[63] - The company distributed CNY 35,896,500.00 to shareholders during the period, indicating a significant allocation of profits[119] Risks and Challenges - The company faces risks related to government support for bicycle transportation, which could impact market size and profitability[52] - The fluctuation in raw material prices, particularly electronic components, poses a risk to product costs[53] - The company has a cash flow management risk due to significant upfront capital investment in shared mobility operations[56] Operational Performance - The company achieved operating revenue of CNY 407 million in the reporting period, with a net profit attributable to shareholders of CNY 71 million, and a net profit of CNY 67 million after deducting non-recurring gains and losses[40] - The operating service revenue from public bicycles was CNY 32 million, while system sales revenue was CNY 296 million, and revenue from the Yonganxing travel platform was CNY 62 million[40] - The company has successfully developed a comprehensive shared mobility system covering 1-30 kilometers, integrating various transportation tools such as bicycles, e-bikes, shared cars, and ride-hailing services[33] Financial Position and Assets - The company's total assets at the end of the reporting period were CNY 3,967,514,672.37, a slight increase of 0.09% from CNY 3,963,830,284.34 at the end of the previous year[19] - The company's current assets totaled RMB 3,090,247,836.06, a decrease from RMB 3,156,042,222.44 at the end of 2019, indicating a reduction of approximately 2.08%[96] - The company's total liabilities were RMB 1,222,235,719.90, slightly down from RMB 1,256,052,624.52, indicating a decrease of about 2.69%[97] Legal and Regulatory Matters - The company has been involved in a patent dispute regarding its previous dockless bike-sharing business, which it has since divested, focusing on docked bikes and other shared mobility services[72] - The ongoing arbitration case related to the patent dispute has an involved amount of 18,110,701.09 RMB, which is currently under review[73]

Financial Performance - Revenue for the first half of 2020 reached 500 million RMB, reflecting a 15% year-over-year growth[11] - The company's operating revenue for the first half of 2020 was ¥407,025,698.70, a decrease of 4.81% compared to ¥427,600,041.54 in the same period last year[19] - The net profit attributable to shareholders for the first half of 2020 was ¥71,207,616.51, an increase of 7.69% from ¥66,121,061.93 in the previous year[19] - The company reported a significant increase in revenue, achieving a total of 1.5 billion in the first half of 2020, representing a 20% year-over-year growth[65] - The company reported a net profit margin of 15%, up from 12% in the previous year, indicating improved operational efficiency[66] - The total comprehensive income for the period is CNY 71,004,692.65, compared to CNY 37,501,292.65 in the previous period, indicating a significant increase of approximately 89.1%[118] User Engagement and Market Expansion - The company reported a significant increase in user engagement, with a 25% rise in active users compared to the previous year[11] - User data showed a growth in active users, reaching 10 million, which is a 15% increase compared to the previous year[66] - The company plans to expand its market presence by entering three new cities by the end of 2020[11] - Market expansion plans include entering three new international markets by Q4 2020, which is anticipated to increase user base by 10%[66] - The company plans to expand its new business to over 50 cities in 2020 and aims to reach 100 cities in the next three years, leveraging its existing public bicycle system operations[37] Research and Development - Research and development expenses increased by 20% to support the launch of new products, including smart bike systems[11] - The company continues to invest in R&D for new technologies, including lithium battery-powered e-bikes, hydrogen-powered vehicles, smart home service products, IoT storage chips, and autonomous driving technology[41] - The company is investing 200 million in research and development for new technologies aimed at enhancing user experience[65] - The company holds 172 valid patents, including 15 invention patents, and has made technological breakthroughs in public bicycles, e-bikes, hydrogen-powered vehicles, and shared cars[34] Financial Position and Assets - The company's total assets at the end of the reporting period were ¥3,967,514,672.37, a slight increase of 0.09% from ¥3,963,830,284.34 at the end of the previous year[19] - The company's current assets totaled RMB 3,090,247,836.06, down from RMB 3,156,042,222.44 at the end of 2019, indicating a decrease of approximately 2.08%[96] - The company's non-current assets rose to RMB 877,266,836.31 from RMB 807,788,061.90, marking an increase of about 8.55%[97] - The total equity of the company as of June 30, 2020, was RMB 2,745,278,952.47, slightly up from RMB 2,707,777,659.82 at the end of 2019[96] Cash Flow and Financial Management - The net cash flow from operating activities decreased by 14.73% to ¥165,723,584.79 from ¥194,346,038.24 year-on-year[19] - Operating cash inflow for the first half of 2020 was RMB 517,464,722.48, a decrease of 18.5% compared to RMB 634,725,701.58 in the same period of 2019[111] - Cash and cash equivalents decreased to RMB 404,458,233.14 from RMB 507,267,276.88, representing a decline of about 20.34%[96] - Cash outflow from investment activities totaled RMB 470,970,658.87, significantly reduced from RMB 861,060,572.71 in the first half of 2019[112] Risk Management - The company emphasizes the importance of risk management, highlighting potential market risks in its operations[5] - The company faces risks related to government support for bicycle transportation, which could impact market size and profitability[52] - The fluctuation in raw material prices, particularly electronic components, poses a risk to product costs[53] - The company has a cash flow management risk due to significant upfront capital investment in shared mobility operations[56] Corporate Governance and Compliance - The company’s board of directors confirmed the accuracy and completeness of the financial report, which has not been audited[6] - The company has not proposed any profit distribution or capital reserve transfer plans for this reporting period[4] - The company strictly adheres to environmental protection laws and has not faced any penalties for violations during the reporting period[80] - The company has implemented a corporate governance structure that includes a shareholders' meeting, board of directors, and supervisory board, ensuring effective management oversight[125] Shareholder Information and Stock Management - The controlling shareholder has committed not to transfer or delegate management of shares held prior to the IPO for 36 months[62] - The company plans to stabilize its stock price through share buybacks, not exceeding 30% of the previous year's audited net profit attributable to shareholders[63] - The company will implement measures to enhance performance and stabilize stock prices, including cost reduction and limiting executive compensation[63] - The company has committed to a net profit of no less than 8 million RMB for the years 2019, 2020, and 2021 combined, as part of a compensation agreement[70] Legal and Regulatory Matters - The company has been involved in a patent dispute regarding its dockless bike-sharing system, with a claim amounting to 18,110,701.09 RMB currently under arbitration[73] - The company has ceased its dockless bike-sharing operations since October 2017, focusing instead on docked public bicycles, shared electric bicycles, shared cars, and ride-hailing services[72] Subsidiaries and Investments - The company holds a 90% equity stake in Suzhou Free Movement Technology Co., Ltd., which provides system operation services[48] - The company has 100% ownership in multiple subsidiaries, including Nantong Yong'an Public Bicycle Co., Ltd. and Changzhou Yong'an Public Bicycle Operation Co., Ltd.[48] - The company has a 49% stake in Hero Youon Private Limited, which focuses on shared mobility equipment development and operation services[48]

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].