Financial Performance - The company reported a total revenue of 1.5 billion RMB for the first half of 2022, representing a year-on-year increase of 15%[2]. - The company's operating revenue for the first half of 2022 was ¥712,322,304.97, representing a 29.53% increase compared to ¥549,925,745.18 in the same period last year[26]. - The net profit attributable to shareholders of the listed company decreased by 31.59% to ¥41,597,997.06 from ¥60,804,399.56 year-on-year[26]. - Basic earnings per share for the first half of 2022 were ¥0.13, down 27.78% from ¥0.18 in the same period last year[26]. - The net profit after deducting non-recurring gains and losses decreased by 35.93% to ¥35,923,043.67 from ¥56,069,086.01 year-on-year[26]. - The company reported a significant increase in contract assets, rising to ¥384,490,132.32 from ¥342,193,245.81, an increase of about 12.4%[141]. - The total comprehensive income attributable to the parent company for the first half of 2022 was CNY 41,597,997.06, compared to CNY 60,804,399.56 in the first half of 2021, indicating a decrease of 31.6%[159]. Cash Flow and Investments - The net cash flow from operating activities increased by 149.58% to ¥639,050,520.67, significantly impacted by an increase in project operating receipts and a VAT refund of ¥290 million received during the period[27]. - The company reported a net cash inflow from operating activities of CNY 966,550,948.67 for the first half of 2022, up from CNY 565,989,979.02 in the first half of 2021[168]. - Cash outflow for investment activities totaled ¥919,662,857.31, with a net cash flow from investment activities of -¥918,527,769.31, showing a significant decline compared to the previous year[170]. - The company reported a cash inflow from other operating activities of ¥588,823,567.29, which is an increase from ¥543,981,133.27 in the same period last year, reflecting a growth of about 8.2%[172]. Research and Development - The company is investing 200 million RMB in R&D for new technologies, focusing on 5G and AI integration[2]. - Research and development expenses increased to ¥30,556,146.94 from ¥29,524,968.50, reflecting a growth of 3.5%[157]. - The company has been a pioneer in using clean energy for data centers in Asia since 2016, achieving breakthroughs in reducing energy consumption and costs through innovative technologies like solar photovoltaic power and flexible direct current systems[96]. Market and Business Expansion - User data indicates a growth in active users, reaching 2 million, which is a 20% increase compared to the same period last year[2]. - Market expansion plans include entering two new provinces, projected to increase market share by 5%[2]. - The overall market size of China's data center business exceeded 300 billion, reaching 301.27 billion, with a year-on-year growth of 34.6%[46]. - The data center market is projected to reach 612.25 billion by 2024, with a compound annual growth rate of 15.9% from 2022 to 2024[46]. Operational Efficiency and Sustainability - New product launches include an upgraded data center service, expected to enhance operational efficiency by 25%[2]. - The company aims to improve its PUE (Power Usage Effectiveness) ratio to below 1.5, enhancing energy efficiency in data centers[2]. - The company has received multiple awards for its energy efficiency, including a PUE of 1.09, which is recognized as an international leading level[48]. - The company focuses on green, low-carbon, efficient, and intelligent data center operations, contributing to national goals for energy efficiency[51]. Risks and Challenges - The company faces risks related to high customer concentration, primarily serving large domestic internet enterprises, which could impact profitability if contracts are not renewed[80]. - Increased market competition is anticipated as traditional enterprises shift towards data center services, potentially affecting market share and overall profit margins[81]. - Project delivery risks are present due to the long construction cycles of data centers, which may lead to delays and economic losses if projects are not completed on time[82]. Shareholder and Corporate Governance - The total number of common shareholders as of the end of the reporting period was 59,479[130]. - The largest shareholder, Shanghai Beigao New (Group) Co., Ltd., held 32.98% of the shares, totaling 108,467,730 shares[130]. - The company has committed to not engaging in competitive business activities with its major shareholder, City North Group, ensuring no conflicts of interest[109]. - The company has disclosed a total of ¥490 million in expected related party transactions for the year, with actual transactions amounting to ¥100.86 million as of the reporting date[113].

Financial Performance - The company's operating revenue for Q1 2022 was RMB 342,541,673.81, representing a year-on-year increase of 30.09%[5] - The net profit attributable to shareholders for Q1 2022 was RMB 11,180,074.14, showing a decrease of 65.83% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 9,518,543.04, down 68.36% year-on-year[5] - Basic earnings per share for Q1 2022 were RMB 0.03, a decrease of 78.57% compared to the previous year[5] - The net profit for Q1 2022 was CNY 11,183,104.66, a decrease of 63.3% compared to CNY 30,444,767.35 in Q1 2021[30] - The total profit for Q1 2022 was CNY 13,165,406.20, down from CNY 38,368,343.82 in the same period last year, representing a decline of 65.6%[30] - Operating profit for Q1 2022 was CNY 13,128,232.95, compared to CNY 38,362,692.09 in Q1 2021, reflecting a decrease of 65.7%[30] - Total comprehensive income for Q1 2022 was CNY 11,183,104.66, compared to CNY 30,444,767.35 in Q1 2021, a decrease of 63.3%[31] - The basic and diluted earnings per share for Q1 2022 were both CNY 0.03, down from CNY 0.14 in Q1 2021[31] Cash Flow - The net cash flow from operating activities increased significantly by 372.23%, amounting to RMB 174,645,186.60[5] - Cash flow from operating activities for Q1 2022 was CNY 174,645,186.60, significantly higher than CNY 36,983,010.18 in Q1 2021, indicating an increase of 371.5%[33] - Cash flow from investing activities showed a net outflow of CNY 10,116,389.40 in Q1 2022, compared to a much larger outflow of CNY 575,299,644.06 in Q1 2021[33] - Cash flow from financing activities resulted in a net outflow of CNY 142,419,198.51 in Q1 2022, contrasting with a net inflow of CNY 504,039,555.18 in Q1 2021[36] - The company reported cash inflows from sales of goods and services totaling CNY 319,095,974.68 in Q1 2022, an increase from CNY 170,754,079.33 in Q1 2021, representing an increase of 87.0%[32] Assets and Liabilities - Total assets at the end of the reporting period were RMB 7,971,087,284.07, down 3.37% from the end of the previous year[5] - As of March 31, 2022, the total current assets amounted to approximately 1.37 billion RMB, a decrease from approximately 1.44 billion RMB at the end of December 2021[21] - The total assets as of March 31, 2022, were approximately 7.97 billion RMB, down from approximately 8.25 billion RMB at the end of December 2021[26] - The total liabilities as of March 31, 2022, were approximately 5.06 billion RMB, compared to approximately 5.27 billion RMB at the end of December 2021[26] - Shareholders' equity attributable to the parent company was RMB 2,905,794,228.68, a decrease of 2.77% from the previous year[5] Operational Insights - The increase in operating revenue was primarily due to the expansion of operational scale and the increase in delivered project cabinets[8] - The decrease in net profit was mainly attributed to increased depreciation and other costs due to the expanded operational scale[8] - The company's EBITDA for the reporting period reached approximately 235 million RMB, representing a year-on-year growth of 36.09% due to increased operational scale and the delivery of more operational cabinets[16] - The total operating costs for Q1 2022 were approximately 331.41 million RMB, compared to approximately 228.06 million RMB in Q1 2021, indicating an increase of about 45.4%[26] - The company's long-term borrowings as of March 31, 2022, were approximately 1.71 billion RMB, down from approximately 1.80 billion RMB at the end of December 2021[23] - The company's retained earnings as of March 31, 2022, were approximately 708.64 million RMB, compared to approximately 697.46 million RMB at the end of December 2021[23]

Financial Performance - The company's operating revenue for 2021 was CNY 1,205,840,591.73, representing a 32.55% increase compared to CNY 909,735,909.11 in 2020[21]. - The net profit attributable to shareholders for 2021 was CNY 111,004,195.90, a decrease of 18.59% from CNY 136,358,483.85 in 2020[21]. - The net cash flow from operating activities increased by 327.25% to CNY 714,509,746.34 in 2021, up from CNY 167,235,288.46 in 2020[21]. - The total assets at the end of 2021 were CNY 8,249,312,922.41, reflecting a 7.51% increase from CNY 7,673,422,271.67 at the end of 2020[21]. - The weighted average return on equity decreased by 4.87 percentage points to 3.78% in 2021 from 8.65% in 2020[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 99,055,879.24, down 22.16% from CNY 127,263,327.75 in 2020[21]. - Basic earnings per share for 2021 were CNY 0.34, a decrease of 17.07% from CNY 0.41 in 2020[21]. - The company achieved a total operating revenue of RMB 1,205.84 million in the reporting period, representing a year-on-year growth of 32.55%[28]. - The EBITDA for the company was approximately RMB 815.91 million, reflecting a year-on-year increase of 50.83%[28]. Dividend and Share Capital - The company plans to distribute a cash dividend of 0.34 CNY per 10 shares, totaling approximately 11.18 million CNY, which represents 10.07% of the net profit attributable to shareholders for 2021[4]. - As of December 31, 2021, the total share capital of the company was 328,927,197 shares[4]. - The company distributed cash dividends of 0.60 yuan per 10 shares (including tax) and issued 4 additional shares for every 10 shares held during the 2020 equity distribution[158]. - The proposed cash dividend for the 2021 fiscal year is ¥0.34 per 10 shares, pending shareholder approval[114]. Risks and Compliance - There were no significant risks reported during the reporting period, and future risks are discussed in the management analysis section[6]. - The company received a standard unqualified audit report from the accounting firm, ensuring the accuracy and completeness of the financial report[4]. - The board of directors and management confirmed the authenticity and completeness of the annual report, with no major omissions or misleading statements[4]. - The company has no non-operating fund occupation by controlling shareholders or related parties[6]. - There were no violations of decision-making procedures regarding external guarantees during the reporting period[6]. - The company has not encountered any non-operating fund occupation by controlling shareholders or related parties during the reporting period[135]. - There were no significant accounting errors that required correction during the reporting period[138]. - The company has not issued any non-standard audit opinions during the reporting period[135]. Business Expansion and Strategy - The company is focused on expanding its Internet Data Center (IDC) services and enhancing energy efficiency metrics like Power Usage Effectiveness (PUE)[12]. - The company is exploring new technologies and products related to 5G to enhance service offerings in the future[12]. - The company completed the acquisition of 100% equity in Jingyun Technology and its subsidiaries, securing approximately 50 acres of land use rights in Langfang, Hebei Province for future data center expansion[28]. - The company is actively exploring market mergers and acquisitions to achieve external growth and expand its core city data center resources[28]. - The company aims to expand its data center server hosting services and develop hybrid cloud and private cloud solutions to meet evolving customer demands[70]. - The company is committed to improving energy efficiency and creating green, low-carbon data centers in response to regulatory policies[69]. - The company plans to enhance energy efficiency by reducing the Power Usage Effectiveness (PUE) value as close to "1" as possible through new energy-saving technologies[73]. - The company is exploring new business models, including edge computing and distributed cloud services, to enhance its service offerings[74]. Operational Efficiency and Management - The company is focusing on enhancing management capabilities and cross-departmental collaboration to improve operational efficiency[118]. - The company has established a robust internal culture, promoting employee development through various training and advancement programs[128]. - The company has implemented a compensation policy that links employee remuneration to performance, ensuring alignment with GDP growth, CPI index, and market competition[107]. - The company has established specialized committees, including an audit committee and a nomination committee, to enhance governance[102]. Environmental and Social Responsibility - The company is committed to carbon neutrality and aims to increase the proportion of renewable energy in its data centers[124]. - The company actively engages in social responsibility initiatives, focusing on energy conservation and environmental protection[125]. - The company has accumulated various energy-saving technology experiences to support its goal of achieving zero-carbon green data centers in the future[73]. Shareholder and Governance - The company has a diverse board with a mix of genders, including 3 female directors and 1 female chairman[87]. - The company completed the election of the third board of directors and supervisory board on April 9, 2021, with 5 non-independent directors, 3 independent directors, and 3 shareholder representatives elected[92]. - The company has seen changes in its board composition, with several independent directors having left in the past[87]. - The total pre-tax remuneration for the executives during the reporting period amounted to 1,247.56 million CNY[87]. Financial Position and Assets - The total assets of the company reached approximately 8,249.31 million RMB, reflecting a year-on-year growth of 7.51%[41]. - The equity attributable to the parent company's owners was approximately 2,988.54 million RMB, an increase of 3.35% year-on-year[41]. - The company reported a significant increase in goodwill, which rose to ¥160,013,364.14 in 2021 from ¥16,203,428.94 in 2020, a growth of about 887.5%[192]. - The total liabilities rose to ¥5,265,911,838.43 in 2021, compared to ¥4,779,318,083.42 in 2020, marking an increase of about 10.2%[196].

Financial Performance - The company's operating revenue for Q3 2021 was approximately ¥304.93 million, representing an increase of 18.05% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2021 was approximately ¥42.94 million, a decrease of 13.89% year-over-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥41.33 million, down 13.45% from the previous year[5]. - The basic earnings per share for Q3 2021 was ¥0.13, a decrease of 23.53% year-over-year[5]. - The weighted average return on equity for Q3 2021 was 1.45%, a decrease of 2.8 percentage points compared to the same period last year[5]. - The net profit for the current period is CNY 96,981,397.02, a decrease of 12.1% compared to CNY 110,349,585.32 in the previous period[34]. - The total profit for the current period is CNY 119,654,300.24, down from CNY 133,119,884.14, reflecting a decline of 10.1%[34]. - Operating profit stands at CNY 118,761,944.88, compared to CNY 132,293,959.12, indicating a decrease of 10.2%[34]. - The basic and diluted earnings per share for the current period are both CNY 0.32, down from CNY 0.37 in the previous period[34]. - The total comprehensive income attributable to the parent company is CNY 103,745,164.94, compared to CNY 110,365,961.72, a decrease of 6.0%[34]. Cash Flow - The cash flow from operating activities for the year-to-date period increased by 81.01%, totaling approximately ¥433.46 million[5]. - Cash flow from operating activities increased to CNY 433,456,173.20, up from CNY 239,470,802.25, representing an increase of 81.1%[39]. - Cash flow from investing activities resulted in a net outflow of CNY 1,677,802,464.54, compared to a net outflow of CNY 1,145,711,827.76 in the previous period[41]. - Cash flow from financing activities generated a net inflow of CNY 198,183,728.05, down from CNY 2,597,779,548.23, a decrease of 92.4%[41]. - The company received CNY 35,132,393.19 in tax refunds, an increase from CNY 14,779,771.01 in the previous period[39]. - The cash and cash equivalents at the end of the period amount to CNY 512,346,021.57, down from CNY 1,932,041,637.70[41]. Assets and Liabilities - The company's total assets at the end of the reporting period were approximately ¥8.20 billion, an increase of 6.92% compared to the end of the previous year[5]. - The company's total assets as of September 30, 2021, amounted to ¥8,204,628,648.29, up from ¥7,673,422,271.67 at the end of 2020, representing a growth of 6.91%[22]. - Total liabilities increased to ¥5,223,639,942.90 as of September 30, 2021, compared to ¥4,779,318,083.42 at the end of 2020, marking an increase of 9.27%[26]. - The company's cash and cash equivalents decreased to ¥512,346,021.57 from ¥1,558,508,584.86, a decline of 67.16%[19]. - The company's short-term borrowings rose to ¥1,114,819,136.54 as of September 30, 2021, compared to ¥1,018,199,120.78 at the end of 2020, an increase of 9.45%[22]. - The company's long-term borrowings increased to ¥1,911,257,616.96 from ¥1,640,319,376.22, representing a growth of 16.54%[26]. - The company's total equity attributable to shareholders of approximately ¥2.98 billion, an increase of 3.10% from the end of the previous year[7]. - The total equity attributable to shareholders reached ¥2,981,278,624.73, an increase from ¥2,891,630,339.67 at the end of 2020, reflecting a growth of 3.10%[28]. Operating Costs and Expenses - Total operating revenue for the first three quarters of 2021 reached ¥854,858,938.22, an increase of 30.96% compared to ¥651,890,071.61 in the same period of 2020[28]. - Total operating costs for the first three quarters of 2021 were ¥742,729,363.08, up 41.43% from ¥525,434,658.63 in 2020[28]. - Research and development expenses increased to ¥42,001,947.45 in the first three quarters of 2021, compared to ¥23,037,408.12 in 2020, reflecting a growth of 82.55%[28]. Inventory - The inventory level increased significantly to ¥12,334,938.81 from ¥2,370,171.97, indicating a growth of 419.73%[21].

Financial Performance - The company reported a significant increase in revenue for the first half of 2021, with total revenue reaching 1.5 billion RMB, representing a year-on-year growth of 25%[2]. - The company's operating revenue for the first half of 2021 was CNY 549,925,745.18, representing a 39.72% increase compared to CNY 393,583,554.86 in the same period last year[27]. - The net profit attributable to shareholders for the first half of 2021 was CNY 60,804,399.56, a slight increase of 0.50% from CNY 60,500,960.65 in the previous year[27]. - The company's EBITDA was approximately 378 million RMB, representing a year-on-year increase of 69.78%[63]. - The net profit for the first half of 2021 was ¥56,307,684.17, a decrease of 6.3% from ¥60,500,073.30 in the first half of 2020[165]. - The total comprehensive income attributable to the parent company for the first half of 2021 was CNY 60,804,399.56, slightly up from CNY 60,500,960.65 in the same period of 2020[168]. User Growth and Market Expansion - User data showed a total of 200,000 active users for the company's services, an increase of 15% compared to the previous year[2]. - The company is expanding its market presence by entering three new cities, aiming to increase its user base by 30% in these regions[2]. - The company has established a management platform for data center operations covering multiple departments and data centers, enhancing management efficiency[54]. - The company has a strategic layout in key regions including East China, North China, and South China, continuously exploring market mergers and acquisitions for external growth[63]. Product Development and Innovation - New product development includes the launch of a cloud computing service expected to contribute an additional 500 million RMB in revenue by the end of 2021[2]. - The company is investing 100 million RMB in research and development for artificial intelligence technologies to improve service efficiency[2]. - The company aims to innovate its business model by modularizing its core technical capabilities in planning, design, and operation management to better serve diverse customer needs[37]. - The company has expanded its service offerings to include cloud service sales, responding to increased demand for professional capabilities and service range in the industry[38]. Financial Health and Assets - The company's total assets as of June 30, 2021, were CNY 8,219,836,473.70, reflecting a 7.12% increase from CNY 7,673,422,271.67 at the end of the previous year[27]. - The company's total equity as of June 30, 2021, was CNY 2,940,314,992.54, up from CNY 2,894,104,188.25, representing a growth of about 1.6%[152]. - The company's cash and cash equivalents decreased to CNY 1,120,995,201.99 from CNY 1,558,508,584.86, a decline of approximately 28.2%[147]. - The company's inventory increased significantly to CNY 8,029,197.66 from CNY 2,370,171.97, showing a growth of approximately 238.5%[147]. Research and Development - Research and development expenses surged by 101.52% year-over-year to ¥29,524,968.50, reflecting the company's increased investment in core technology and operational management capabilities[67]. - The company has been a pioneer in using clean energy for data centers since 2016, significantly reducing carbon emissions through innovative technologies[89]. - The company aims to continue exploring advanced low-carbon energy-saving technologies to enhance energy efficiency and support clients' development[89]. Risks and Challenges - The company faces risks related to high customer concentration, as its main clients are large domestic internet enterprises, which could impact profitability if contracts are not renewed[78]. - Increased competition in the data center market is anticipated due to the rapid growth of 5G, cloud computing, and AI, potentially leading to reduced market share and profit margins[79]. - The company has undertaken multiple data center projects since 2018, which may face delivery risks due to long construction cycles and external factors affecting project timelines[79]. Governance and Shareholder Information - The company has elected new independent directors and supervisors during the recent shareholder meetings, indicating a governance transition[83]. - The top shareholder, Shanghai Beigao New Technology Group, holds 108,467,730 shares, representing 32.98% of total shares[135]. - The company completed a non-public issuance of 24,361,490 restricted A-shares, which became tradable on March 25, 2021[133].

Financial Performance - Operating revenue for the quarter reached ¥263,321,283.26, representing a 51.18% increase year-on-year[8] - Net profit attributable to shareholders was ¥32,715,781.92, an increase of 11.59% compared to the same period last year[8] - The company reported a net profit excluding non-recurring items of ¥30,081,452.70, an increase of 8.97% year-on-year[8] - The net profit attributable to shareholders of the parent company was CNY 32,715,781.92, compared to CNY 29,317,863.24 in the previous year, representing an increase of approximately 8.2%[40] - The total profit amounted to CNY 3,345,330.23, compared to CNY 814,805.31 in the previous year, showing a significant increase of around 311.5%[44] - The net profit for the period was CNY 3,193,963.05, compared to CNY 692,584.51, marking an increase of approximately 360.5%[44] Cash Flow - Net cash flow from operating activities was ¥36,983,010.18, up 79.63% year-on-year[8] - The net cash flow from operating activities for Q1 2021 was ¥36,983,010.18, an increase of 79.9% compared to ¥20,588,788.91 in Q1 2020[46] - Total cash inflow from operating activities reached ¥179,041,664.26, up from ¥154,453,634.45 in the same period last year, reflecting a growth of 15.8%[46] - The net cash flow from investing activities was -¥575,299,644.06, compared to -¥271,115,928.84 in Q1 2020, indicating increased investment expenditures[48] - The net cash flow from financing activities increased by 58.59% to ¥504,039,555.18 from ¥317,820,038.07, driven by loans obtained to expand business operations[15] - Cash inflow from financing activities totaled ¥933,657,691.53, an increase of 29.3% from ¥721,750,710.80 in Q1 2020[48] Assets and Liabilities - Total assets increased to ¥8,349,322,625.11, up 8.81% from the previous year[8] - The total assets increased to ¥8,349,322,625.11 from ¥7,673,422,271.67, indicating growth in the company's asset base[26] - Total liabilities reached CNY 1,915,380,861.22, up from CNY 1,577,431,425.22, reflecting a growth of approximately 21.5%[34] - The company's total equity as of March 31, 2021, was CNY 2,552,122,911.44, slightly up from CNY 2,548,928,948.39, showing a marginal increase of about 0.1%[34] Shareholder Information - The total number of shareholders was 38,266, with the largest shareholder holding 32.98% of shares[11] - Basic and diluted earnings per share remained at ¥0.14, unchanged from the previous year[8] Research and Development - Research and development expenses surged by 189.76% to ¥15,965,872.63 from ¥5,510,022.86, reflecting increased investment in technology development[15] - Research and development expenses increased to CNY 3,114,954.26 from CNY 2,968,833.27, reflecting a rise of approximately 4.9%[44] Financial Expenses - The company reported a significant increase in financial expenses, which rose by 95.31% to ¥35,371,795.52 from ¥18,110,509.81, due to increased bank loans[15] - The company reported a financial expense of CNY 11,996,062.50, up from CNY 9,242,561.57, which is an increase of about 30.0%[44] Inventory and Receivables - The accounts receivable increased by 41.05% to ¥92,093,497.74 from ¥65,289,322.13, primarily due to increased revenue[15] - Accounts receivable rose to CNY 64,250,308.80 from CNY 31,380,516.60, representing an increase of about 104.5%[32] - The company reported a decrease in inventory from CNY 1,343,494.83 to CNY 1,074,894.78, a reduction of about 20%[32]

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the fiscal year 2020, representing a year-over-year growth of 15%[22]. - The company's operating revenue for 2020 was approximately ¥909.74 million, representing a 25.20% increase compared to ¥726.64 million in 2019[27]. - Net profit attributable to shareholders for 2020 was approximately ¥136.36 million, a 23.58% increase from ¥110.34 million in 2019[27]. - The EBITDA for the year was CNY 540.94 million, reflecting a significant growth of 53.82% year-on-year[64]. - The company achieved a total operating revenue of approximately CNY 909.74 million in 2020, representing a year-on-year growth of 25.20%[64]. - The company’s net profit for 2020 was 136,358,483.85 RMB, with a dividend payout ratio of 10.34%[111]. Shareholder Returns - The company plans to distribute a cash dividend of 0.60 CNY per 10 shares, totaling approximately 14.1 million CNY, which represents 10.34% of the net profit attributable to shareholders for 2020[7]. - The company has maintained a stable cash dividend policy, ensuring shareholder interests are considered in profit distribution decisions[108]. - The company has not adjusted its cash dividend policy during the reporting period[110]. - The company has not reported any cash buybacks counted as cash dividends during the reporting period[110]. Capital Structure and Financing - The company completed a private placement of 24.36 million A-shares, raising nearly CNY 1.7 billion, which improved its asset-liability ratio and financial stability[61]. - The asset-liability ratio improved significantly from 72.93% to 55.94% following the private placement[155]. - The company raised ¥1.7 billion through a private placement to fund multiple cloud computing data center projects and repay bank loans[95]. - The total amount of guarantees provided by the company, including those to subsidiaries, is 1,685,091,259.78 RMB, accounting for 58.22% of the company's net assets[130]. Operational Efficiency - The total cost of ownership (TCO) for clients using the company's services decreased by 10% due to improved operational efficiencies[22]. - The gross profit margin for IDC services improved by 3.51 percentage points to 41.11%[68]. - The company achieved a 100% service level agreement (SLA) fulfillment rate for all data center clients during the reporting period[47]. - The company has developed a comprehensive lifecycle management system, enhancing cost control and project delivery quality[49]. Market and Growth Strategy - The company has set a revenue guidance for 2021, projecting a growth rate of 20% to reach RMB 1.44 billion[22]. - The company is investing RMB 200 million in R&D for AI and big data technologies in 2021, aiming to enhance service offerings[22]. - Market expansion efforts have led to a 40% increase in partnerships with local enterprises in the Asia-Pacific region[22]. - The company is exploring potential acquisitions to enhance its technology stack, with a budget of RMB 500 million allocated for this purpose[22]. Risk Management - The company has no significant risks reported during the reporting period, and potential future risks are discussed in the operational analysis section[8]. - The company emphasizes the importance of investor awareness regarding the risks associated with forward-looking statements in the report[8]. - The company has committed to resolving any potential competition issues with its major shareholder, ensuring no direct or indirect competition with its main business[114]. Governance and Compliance - The board of directors and senior management confirmed the authenticity and completeness of the annual report[4]. - The company has maintained strict compliance with all commitments made by its shareholders and related parties[114]. - The company’s governance structure is compliant with relevant regulations, ensuring clear responsibilities among the board, supervisory board, and management[192]. - The internal control audit report was conducted by Lixin Accounting Firm, which issued a standard unqualified opinion[197]. Research and Development - R&D expenses rose by 49.98% year-on-year, reflecting increased investment in core technology development[65]. - The company invested CNY 40,020,702.02 in R&D, which accounted for 4.40% of operating revenue[72]. - The company holds a total of 258 patents and software copyrights, with 61 new patents obtained during the reporting period[54]. Employee and Management - The total number of employees in the parent company and major subsidiaries is 491, with 109 in the parent company and 382 in subsidiaries[186]. - The total pre-tax remuneration for senior management during the reporting period amounted to 868.53 million RMB[173]. - The company has implemented a monthly, quarterly, and annual performance assessment system for employees, linking results to year-end bonuses[186]. - The company emphasizes performance-based remuneration linked to individual performance and overall company results[186].

Financial Performance - Operating revenue for the first nine months was CNY 651,890,071.61, up 17.05% year-on-year[17] - Net profit attributable to shareholders rose by 18.07% to CNY 110,365,961.72[17] - Basic earnings per share increased by 18.18% to CNY 0.52[17] - Total operating revenue for Q3 2020 reached ¥258.31 million, a 53% increase from ¥168.93 million in Q3 2019[49] - Net profit for Q3 2020 was ¥49.85 million, compared to ¥24.34 million in Q3 2019, representing a 104% increase[53] - Operating profit for Q3 2020 was ¥58.97 million, significantly higher than ¥26.44 million in Q3 2019, marking a 123% increase[53] - The company reported a total profit of ¥59.58 million in Q3 2020, compared to ¥26.41 million in Q3 2019, representing an increase of 126%[53] Assets and Liabilities - Total assets reached CNY 6,514,858,953.94, an increase of 74.21% compared to the end of the previous year[17] - Total liabilities increased to CNY 3,644,600,943.57 from CNY 2,636,666,810.48, representing a growth of approximately 38.2% year-over-year[40] - Total equity rose to CNY 2,870,258,010.37 from CNY 1,102,949,775.41, marking an increase of about 160.5% year-over-year[40] - Non-current assets totaled CNY 1,895,390,740.44, up from CNY 1,796,938,519.83, showing a growth of approximately 5.5% year-over-year[44] - Current liabilities increased to CNY 1,417,113,685.66 from CNY 1,277,941,476.94, reflecting a growth of approximately 10.9% year-over-year[46] Cash Flow - Cash flow from operating activities for the first nine months was CNY 239,470,802.25, an increase of 11.51% compared to the previous year[17] - The net cash inflow from operating activities for the first three quarters of 2020 was ¥609,199,760, down from ¥668,503,250 in the same period of 2019[66] - Cash inflow from operating activities totaled 957,862,493.94 CNY, down from 1,140,781,869.10 CNY year-over-year[72] - The company reported a net cash flow from financing activities of 1,928,572,184.87 CNY, an increase from 312,355,099.00 CNY in the same period last year[72] Expenses - Tax and additional fees decreased by 33.07% to ¥950,264.54 compared to ¥1,419,711.42 in the same period last year, mainly due to a reduction in operational taxes[25] - Sales expenses dropped by 63.75% to ¥1,453,579.37 from ¥4,009,714.64 year-on-year, primarily due to fewer sales activities during the reporting period[25] - Financial expenses increased by 65.68% to ¥68,662,889.58 from ¥41,442,837.33, mainly due to increased interest expenses from bank loans[25] - Research and development expenses for Q3 2020 totaled ¥8.39 million, a decrease from ¥9.12 million in Q3 2019, indicating an 8% reduction[49] - Financial expenses in Q3 2020 were ¥28.01 million, up from ¥14.66 million in Q3 2019, reflecting an increase of 91%[49] Shareholder Equity - Net assets attributable to shareholders increased by 160.91% to CNY 2,865,637,817.54[17] - The total equity attributable to shareholders reached CNY 2,865,637,817.54, up from CNY 1,098,313,206.18, representing an increase of about 161.5% year-over-year[40] - The company's retained earnings increased to CNY 594,763,993.33 from CNY 495,559,116.53, marking a growth of approximately 20.0% year-over-year[40] Investment Activities - The company invested 104,213,197.58 CNY in fixed assets, intangible assets, and other long-term assets, down from 181,703,539.76 CNY in the previous year[72] - The total cash flow from investment activities was -187,363,197.58 CNY, reflecting a decrease from -616,800,539.76 CNY year-over-year[72]

Financial Performance - The company reported a total revenue of 1.5 billion RMB for the first half of 2020, representing a year-on-year increase of 15%[18] - The net profit attributable to shareholders was 300 million RMB, up 20% compared to the same period last year[18] - The company's operating revenue for the first half of the year was CNY 393,583,554.86, an increase of 1.43% compared to CNY 388,023,400.74 in the same period last year[23] - Net profit attributable to shareholders decreased by 12.47% to CNY 60,500,960.65 from CNY 69,120,525.97 year-on-year[23] - The EBITDA for the reporting period was approximately 223 million yuan, a year-on-year increase of 14.48%[56] - The company reported a total operating revenue for the first half of 2020 was CNY 393,583,554.86, an increase from CNY 388,023,400.74 in the same period of 2019, representing a growth of approximately 1.4%[135] - The net profit for the first half of 2020 was CNY 60,500,073.30, down from CNY 69,120,553.07 in the same period of 2019, indicating a decline of approximately 12.3%[139] User Growth and Market Expansion - The number of active users reached 1.2 million, showing a growth of 10% from the previous half-year[18] - Market expansion efforts include entering two new provinces, aiming for a 30% increase in market share[18] - The company aims to expand its data center business and enhance its market share in the IDC sector through strategic investments[57] Investment and R&D - The company is investing 100 million RMB in research and development for AI and cloud computing technologies[18] - Research and development expenses increased by 25.89% to 14,651,078.00 RMB, reflecting the company's commitment to core technology development[60] - The company has obtained a total of 237 patents and software copyrights, reflecting its strong R&D capabilities[50] - The company plans to continue its research and development efforts in new products and technologies to enhance market competitiveness[106] Operational Efficiency and Infrastructure - The company is focusing on expanding its IDC business, providing both wholesale and retail data center services tailored to different customer needs[28] - The company added 6 self-built data centers with a total IT load of approximately 80.8 MW during the reporting period[56] - The average Power Usage Effectiveness (PUE) of the company reached 1.4, aligning with the average level of developed countries[48] - The company has established a comprehensive data center lifecycle management system, enhancing its project management and risk control capabilities[44] Financial Position and Assets - The company's total assets grew by 13.81% to CNY 4,256,172,032.05 compared to CNY 3,739,616,585.89 at the end of the previous year[23] - The company's fixed assets reached 2,087,354,641.94 RMB, accounting for 49.04% of total assets, a 61.29% increase from the previous year[64] - Total current assets increased to ¥576,221,061.35, up from ¥461,999,233.75, representing a growth of approximately 24.7%[120] - Total non-current assets reached ¥3,679,950,970.70, compared to ¥3,277,617,352.14, reflecting an increase of approximately 12.2%[124] Risks and Challenges - The company faces risks due to high customer concentration, primarily relying on large internet enterprises as clients[76] - Increased market competition is anticipated as traditional companies shift towards data center services, potentially impacting market share and profit margins[77] - Project delivery risks exist due to long construction cycles and external factors affecting project timelines[78] Shareholder and Equity Information - The company’s total equity after the recent share issuance is 210,586,508 shares, with a significant increase in circulating shares[105] - The company’s total amount of guarantees, including those to subsidiaries, is 1,221,440,779.39 RMB[99] - The company’s related party debts represent a low proportion of overall business indicators, indicating stability in operations[95] - The company’s total equity attributable to shareholders rose to ¥1,147,653,081.91 from ¥1,098,313,206.18, showing an increase of about 4.5%[125] Compliance and Governance - The financial statements are prepared in accordance with the accounting standards for enterprises, reflecting the company's financial position and operating results accurately[183] - The company has confirmed its ability to continue as a going concern for at least 12 months from the reporting date[181] - The company has no significant litigation or arbitration matters during the reporting period[89] - The company’s related party transactions are deemed fair and do not affect its operational independence[95]

Financial Performance - Operating revenue for the period was CNY 174,182,724.49, representing a decrease of 8.72% year-on-year[11] - Net profit attributable to shareholders was CNY 29,317,863.24, down 18.53% from the same period last year[11] - Basic earnings per share decreased by 17.65% to CNY 0.14[11] - The weighted average return on equity fell by 0.89 percentage points to 2.62%[11] - Total revenue for Q1 2020 was ¥174,182,724.49, a decrease of 8.4% compared to ¥190,821,748.69 in Q1 2019[42] - Net profit for Q1 2020 was ¥29,298,035.72, a decline of 18.5% from ¥35,987,336.84 in Q1 2019[42] - The net profit attributable to the parent company shareholders for Q1 2020 was ¥29,317,863.24, a decrease from ¥35,987,325.31 in Q1 2019, representing a decline of approximately 18.6%[45] - The total comprehensive income for Q1 2020 was ¥29,298,035.72, down from ¥35,987,336.84 in Q1 2019, indicating a decline of about 18.6%[45] Cash Flow - Net cash flow from operating activities was CNY 20,588,788.91, a significant decline of 54.50% compared to the previous year[11] - Net cash flow from operating activities decreased by 54.50% to ¥20,588,788.91 from ¥45,248,946.70, mainly due to delayed customer payments impacted by the COVID-19 pandemic[21] - The net cash flow from operating activities for Q1 2020 was ¥20,588,788.91, down from ¥45,248,946.70 in Q1 2019, a decrease of approximately 54.4%[52] - Cash inflow from operating activities totaled 202,878,658.26 RMB, while cash outflow was 270,921,541.07 RMB, resulting in a net cash flow deficit[54] - Investment activities resulted in a net cash outflow of -42,380,268.74 RMB, a decrease from -168,613,501.68 RMB year-over-year[56] - Cash inflow from financing activities was 332,259,817.62 RMB, up from 183,201,217.92 RMB in the previous year[56] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 3,920,374,838.80, an increase of 4.83% compared to the end of the previous year[11] - Total current assets increased to ¥595,377,788.47 from ¥461,999,233.75, reflecting a growth in cash and receivables[27] - Total liabilities increased to ¥2,788,127,027.68 from ¥2,636,666,810.48, reflecting the company's expansion strategy[33] - Total assets rose to ¥3,920,374,838.80 from ¥3,739,616,585.89, indicating overall growth in the company's financial position[33] - Current liabilities rose to ¥1,346,395,313.32, compared to ¥1,277,941,476.94, indicating an increase of 5.4%[39] - Total liabilities amounted to ¥2,636,666,810.48, with current liabilities at ¥1,662,443,966.70 and non-current liabilities at ¥974,222,843.78[61] Expenses - Sales expenses decreased by 59.02% to ¥643,332.25 from ¥1,569,702.15 due to reduced sales activities in the first quarter[21] - Financial expenses increased by 38.74% to ¥18,110,509.81 from ¥13,053,421.59 primarily due to increased interest expenses from bank loans[21] - The financial expenses for Q1 2020 increased to ¥9,242,561.57 from ¥7,398,730.86 in Q1 2019, an increase of about 25.0%[48] - Research and development expenses for Q1 2020 were ¥5,510,022.86, a decrease of 5.3% from ¥5,821,043.02 in Q1 2019[42] - Research and development expenses increased to ¥2,968,833.27 in Q1 2020 from ¥1,556,021.58 in Q1 2019, marking an increase of about 90.7%[48] Government Support - The company received government subsidies amounting to CNY 1,990,881.42 during the reporting period[11]