Dividend Distribution - The company plans to distribute a cash dividend of 1 RMB per 10 shares to all shareholders, totaling approximately 23.07 million RMB (including tax) based on the total share capital of 233,425,866 shares as of March 31, 2022[5]. - The company has committed to maintaining the total cash distribution amount unchanged, adjusting the per-share cash dividend if there are changes in total share capital before the dividend record date[5]. - In 2020, the company distributed cash dividends of ¥6.334 per 10 shares, totaling ¥119,568,665, along with a capital reserve increase of 2 shares for every 10 shares held[128]. Financial Performance - The company's operating revenue for 2021 was approximately CNY 873.27 million, a slight increase of 0.04% compared to 2020[23]. - Net profit attributable to shareholders decreased by 91.13% to CNY 43.84 million, primarily due to reduced investment income and increased operational costs[24]. - Basic earnings per share fell by 90.95% to CNY 0.20, reflecting the significant drop in net profit[24]. - Cash flow from operating activities decreased by 55.41% to CNY 157.03 million, attributed to increased raw material purchases and reduced collections[24]. - The company reported a net asset value of approximately CNY 3.40 billion at the end of 2021, a decrease of 0.19% from the previous year[23]. - Total assets at the end of 2021 were approximately CNY 4.81 billion, down 2.56% from 2020[23]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and development strategies, advising investors to be cautious[6]. - The report includes a section on potential risks that the company may face in the future, which investors are encouraged to review[8]. - The company faces risks from price fluctuations of raw materials, particularly electronic components, which may impact gross margins on existing service projects[98]. - The hydrogen energy sector has not met expectations due to high upstream material costs and insufficient government support, increasing investment risks[99]. Corporate Governance - The company has implemented measures to ensure compliance with corporate governance standards and protect shareholder interests[102]. - The company has a structured decision-making process for determining the remuneration of directors and supervisors, which is approved by the shareholders' meeting[110]. - The company has a diverse board with members holding advanced degrees and extensive experience in various fields[108]. - The company has no reported plans for stock option grants or employee stock ownership plans during the reporting period[133]. Research and Development - The company is focused on the development of new technologies and products, particularly in the shared mobility sector, which includes public bicycles and electric vehicles[12]. - The company has developed two hydrogen vehicle products, Y200 and Y400, and plans to expand its hydrogen energy product R&D and market promotion[34]. - The company invested in a new type of magnetic storage chip (PMRAM), which is expected to be suitable for AI applications and has completed sample testing with a read/write speed of less than 20ns[35]. - The number of R&D personnel is 417, accounting for 8.31% of the total workforce[73]. Shareholding Structure - The largest shareholder, Sun Jisheng, holds 79,400,092 shares, accounting for 34.01% of the total shares, with 10,655,367 shares pledged[191]. - The company’s shareholding structure indicates a significant presence of domestic natural persons and non-state-owned legal entities[191]. - The total number of ordinary shareholders as of the end of the reporting period was 17,012, a decrease from 17,736 at the end of the previous month[189]. Strategic Focus - The company aims to expand its hydrogen energy business, focusing on the development of hydrogen vehicles and fuel cell systems, with plans to optimize technology and reduce costs[93]. - The company is accelerating the development of new businesses, particularly in shared electric vehicles and hydrogen vehicles, to become the main driver of future growth[97]. - The company plans to enhance product competitiveness through technology research and development, focusing on hydrogen energy products in 2022[95]. Compliance and Legal Matters - There were no significant lawsuits or arbitration matters reported for the year[160]. - The company has not faced any delisting risk or bankruptcy reorganization matters[160]. - The integrity status of the company's controlling shareholders and actual controllers is reported to be good, with no significant debts overdue[163]. Investment and Financial Management - The company has engaged in cash asset management, with a total of RMB 950 million in bank and securities wealth management products and RMB 301 million in self-owned funds[170]. - The company has not made any provisions for impairment on entrusted financial management products[176]. - The company has not engaged in any entrusted loan activities during the reporting period[177].

Financial Performance - The company's operating revenue for Q1 2022 was ¥169,804,122.48, representing a decrease of 15.88% compared to the same period last year[2]. - The net profit attributable to shareholders was ¥12,370,370.63, down 57.33% year-on-year[2]. - Basic earnings per share decreased by 68.75% to ¥0.05[2]. - Total operating revenue for Q1 2022 was CNY 169.80 million, a decrease of 15.87% compared to CNY 201.87 million in Q1 2021[14]. - Net profit for Q1 2022 was CNY 12.02 million, a decline of 58.32% from CNY 28.87 million in Q1 2021[14]. - The total comprehensive income attributable to the parent company's owners for Q1 2022 was ¥12,625,566.48, down 56.5% from ¥29,018,862.19 in Q1 2021[15]. - The basic earnings per share for Q1 2022 was ¥0.05, compared to ¥0.16 in Q1 2021, reflecting a decline of 68.8%[15]. Cash Flow - The net cash flow from operating activities was negative at -¥50,793,465.87, a decline of 533.85% compared to the previous year[2]. - Cash flow from operating activities for Q1 2022 was negative at -¥50,793,465.87, a significant drop from positive cash flow of ¥11,707,573.88 in Q1 2021[17]. - Cash inflow from operating activities totaled ¥178,274,865.56 in Q1 2022, down 20.9% from ¥225,380,234.56 in Q1 2021[17]. - Cash outflow from operating activities increased to ¥229,068,331.43 in Q1 2022, up 7.2% from ¥213,672,660.68 in Q1 2021[17]. - The net cash flow from investing activities was -¥660,188,953.19 in Q1 2022, compared to -¥592,377,960.80 in Q1 2021, indicating increased investment outflows[18]. - The net cash flow from financing activities was positive at ¥12,000,000.00 in Q1 2022, contrasting with a negative cash flow of -¥50,067,500.00 in Q1 2021[18]. - The ending cash and cash equivalents balance for Q1 2022 was ¥253,455,178.29, down from ¥500,251,338.04 in Q1 2021[18]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,761,898,471.57, a decrease of 1.05% from the end of the previous year[3]. - Total assets as of March 31, 2022, were CNY 4.76 billion, slightly down from CNY 4.81 billion at the end of 2021[12]. - Total liabilities decreased to CNY 1.34 billion from CNY 1.42 billion at the end of 2021[12]. - The company’s total equity increased to CNY 3.42 billion from CNY 3.40 billion at the end of 2021[12]. - The equity attributable to shareholders increased slightly by 0.37% to ¥3,408,490,645.83[3]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 17,736[7]. - The largest shareholder, Sun Jisheng, holds 34.02% of the shares, amounting to 79,400,092 shares[7]. Impact of COVID-19 - The company reported a significant impact on revenue due to the ongoing COVID-19 pandemic, affecting both net profit and cash flow[5]. - Non-recurring gains and losses amounted to ¥2,769,308.32, with a significant portion attributed to asset impairment provisions due to the pandemic[5]. Research and Development - Research and development expenses increased to CNY 10.26 million in Q1 2022, up from CNY 9.06 million in Q1 2021[14]. Future Plans - The company plans to focus on market expansion and new product development in the upcoming quarters[10].

Dividend Distribution - The company plans to distribute a cash dividend of 1 RMB per 10 shares to all shareholders, totaling approximately 23.07 million RMB (including tax) based on the total share capital of 233,425,866 shares as of March 31, 2022[5]. - The company has committed to maintaining the total cash distribution amount unchanged, adjusting the per-share cash dividend amount if there are changes in total share capital due to convertible bonds or other factors[5]. - The company plans to distribute cash dividends of ¥1 per 10 shares for the 2021 fiscal year, totaling approximately ¥23,067,586.60 (including tax)[129]. Financial Performance - The company's operating revenue for 2021 was approximately CNY 873.27 million, a slight increase of 0.04% compared to 2020[23]. - The net profit attributable to shareholders decreased by 91.13% to approximately CNY 43.84 million in 2021, primarily due to reduced investment income from Hello Inc. and currency fluctuations[24]. - The basic earnings per share dropped by 90.95% to CNY 0.20, reflecting the significant decline in net profit[24]. - The net cash flow from operating activities decreased by 55.41% to approximately CNY 157.03 million, attributed to increased raw material procurement and reduced receivables[24]. - The total assets at the end of 2021 were approximately CNY 4.81 billion, a decrease of 2.56% from the previous year[23]. - The weighted average return on equity fell to 1.31%, a decrease of 15.55 percentage points compared to 2020[23]. - The net profit after deducting non-recurring gains and losses for 2021 was approximately CNY 38.02 million, down 69.28% from the previous year[23]. - The company's net assets attributable to shareholders at the end of 2021 were approximately CNY 3.40 billion, a slight decrease of 0.19% from 2020[23]. Market Expansion and Product Development - The company is focused on expanding its market presence in the shared mobility industry, which includes public bicycles and shared electric vehicles[12]. - The company is developing new technologies and products, including smart living systems and hydrogen vehicles, to enhance its service offerings[13]. - The company launched 1,000 hydrogen vehicle systems, becoming the first in the industry to operate large-scale hydrogen vehicle systems, which are expected to significantly boost future performance[34]. - The company has developed two hydrogen vehicle products, Y200 and Y400, and plans to expand its hydrogen energy product R&D and market promotion, leveraging a 50,000-unit fuel cell production line[34]. - The shared electric bicycle market in China is projected to exceed 10 billion RMB in revenue in 2022, with a forecast of over 20 billion RMB by 2025[37]. - The company is expanding its product offerings in smart home technology, leveraging IoT and big data to enhance user experience[50]. Research and Development - The company has over 200 patents related to core technologies in the hydrogen energy sector, indicating a strong focus on innovation[52]. - The company has 417 R&D personnel, accounting for 8.31% of the total workforce[73]. - Research and development expenses amounted to CNY 40,968,533.53, representing 4.69% of total operating revenue[72]. Corporate Governance and Compliance - The company has implemented measures to ensure compliance with corporate governance standards, enhancing transparency and protecting shareholder interests[102]. - The company has a structured decision-making process for the remuneration of directors and supervisors, which is approved by the shareholders' meeting[110]. - The company has appointed various independent directors and external supervisors with diverse backgrounds and expertise[109]. - The company did not face any penalties from securities regulatory authorities in the past three years[113]. - There were no dissenting opinions raised by the board members regarding company matters[117]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and development strategies, advising investors to be cautious[6]. - The company has not disclosed any significant risks that could impact the authenticity and accuracy of the annual report[8]. - The company faces risks from price fluctuations of raw materials, particularly electronic components, which may impact gross margins on existing service projects[98]. - The hydrogen energy sector has not met expectations due to high upstream material costs and insufficient government support, increasing investment risks for the company[99]. - The company is optimizing product design and production efficiency to lower costs and mitigate investment risks in the hydrogen energy market[99]. Shareholder Structure and Stock Management - The largest shareholder, Sun Jisheng, holds 79,400,092 shares, representing 34.01% of the total shares, with 10,655,367 shares pledged[193]. - The company’s stock structure includes 187,580,000 unrestricted circulating shares, accounting for 99.33% of the total shares[182]. - The company has implemented an employee stock incentive plan, with various employees holding a total of 1,000,000 restricted shares, subject to a 12 to 24-month lock-up period[196]. - The company’s shareholder structure remains predominantly domestic, with significant holdings by individual and institutional investors[193]. Financial Management and Investments - The company reported a fair value change gain of 3.65 million RMB from trading financial assets during the reporting period[30]. - The company has entrusted a total of ¥70,000,000 in fixed deposits with China Bank, yielding an annualized return of 4.12%[172]. - The company invested ¥50,000,000 in a brokerage wealth management product with China International Financial Co., achieving a return of ¥1,134,246.58, which is approximately 2.27%[172]. - The company has not made any provisions for impairment on entrusted financial management, indicating a stable investment environment[178]. - The company plans to continue its financial management strategy without any immediate changes to its investment approach[178]. Environmental and Social Responsibility - The company is committed to environmental responsibility, promoting a green shared mobility ecosystem through various low-carbon transportation options[141]. - The company actively participates in rural revitalization projects, utilizing its Y3 assistive vehicles to enhance rural transportation and support local economies[143].

Financial Performance - The company's operating revenue for Q3 2021 was ¥238,347,480.27, a decrease of 5.11% compared to the same period last year[3] - The net profit attributable to shareholders for Q3 2021 was ¥28,315,922.73, down 26.50% year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥28,900,265.63, a decrease of 23.54% compared to the previous year[3] - The basic earnings per share for Q3 2021 was ¥0.13, a decline of 23.53% year-on-year[3] - Total operating revenue for the first three quarters of 2021 reached ¥671,952,756.24, an increase of 2.65% compared to ¥658,205,435.57 in the same period of 2020[17] - Net profit for the first three quarters was ¥109,480,005.86, slightly up from ¥109,284,575.71 in the previous year, indicating a growth of 0.18%[18] - The company reported a gross profit margin of approximately 15.3% for the first three quarters of 2021, compared to 16.5% in the same period of 2020[17] - Basic earnings per share for the first three quarters was ¥0.50, compared to ¥0.49 in the same period of 2020[18] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,851,851,814.21, a decrease of 1.76% from the end of the previous year[4] - As of September 30, 2021, the company's total assets amounted to ¥4,851,851,814.21, a decrease from ¥4,938,955,846.41 as of December 31, 2020[12][15] - The company's total liabilities decreased to ¥1,393,437,254.68 from ¥1,533,355,415.82[14] - The total current assets decreased to ¥3,996,109,235.06 from ¥4,105,587,310.54 year-over-year[13] - The company's cash and cash equivalents were ¥327,104,541.99, down from ¥1,214,553,989.44 in the previous year[12] - The total equity attributable to shareholders increased to ¥3,455,930,562.22, reflecting a growth of 1.57% compared to the end of the previous year[4] - The total equity attributable to shareholders increased to ¥3,455,930,562.22 from ¥3,402,557,268.72[14] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥174,656,812.77, down 22.99% year-on-year[3] - Operating cash flow for the first three quarters was ¥174,656,812.77, down 23% from ¥226,795,342.85 in the previous year[20] - The total cash inflow from operating activities was ¥702,827,139.56, down 12% from ¥798,764,445.73 in the previous year[20] - The net cash flow from investment activities was -$856,559,936.38, worsening from -$266,520,466.73 year-over-year[21] - The net cash flow from financing activities was -$219,919,705.40, compared to -$72,761,514.57 in the previous year, indicating a decline in financing[21] - The net increase in cash and cash equivalents was -$901,462,834.39, compared to -$112,316,515.40 in the previous year, showing a significant decrease in liquidity[21] - The ending balance of cash and cash equivalents was $300,654,244.65, down from $372,540,137.48 year-over-year[21] Investments and Expenses - Research and development expenses increased to ¥28,252,000.54, a rise of 10.5% from ¥25,629,152.57 in the same period last year[17] - The company achieved an investment income of ¥3,549,946.30, significantly higher than ¥1,366,677.27 in the previous year, marking a growth of 159.5%[17] - Total operating costs amounted to ¥575,914,290.18, up 8.87% from ¥528,913,442.81 year-on-year[17] - The company reported a decrease in sales expenses to ¥7,794,274.94, down 18.8% from ¥9,592,936.84 in the previous year[17] - The total cash outflow from investment activities was $1,204,235,978.68, compared to $589,053,467.22 in the previous year, indicating a significant increase in investment spending[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,613[8] - The company had a weighted average return on equity of 0.79%, a decrease of 0.6 percentage points compared to the previous year[3] Legal Matters - The company has a pending arbitration case involving a claim of ¥6,161,573.09, which has been resolved with a ruling in favor of the applicant for ¥615.36 million[10] Accounting Changes - The company has adopted new leasing standards starting in 2021, which may impact future financial reporting[21]

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]