Financial Performance - The company's operating revenue for 2019 was ¥726,641,194.19, a decrease of 20.12% compared to ¥909,678,920.56 in 2018[29]. - The net profit attributable to shareholders for 2019 was ¥110,337,894.22, down 22.76% from ¥142,855,360.59 in 2018[29]. - The net cash flow from operating activities decreased by 43.26% to ¥190,353,248.66 in 2019 from ¥335,491,535.93 in 2018[29]. - The basic earnings per share for 2019 was ¥0.52, a decrease of 23.53% compared to ¥0.68 in 2018[30]. - The weighted average return on equity for 2019 was 10.53%, down 4.57 percentage points from 15.10% in 2018[30]. - The net profit after deducting non-recurring gains and losses for 2019 was ¥100,967,833.95, a decrease of 25.65% from ¥135,803,171.92 in 2018[29]. - The company achieved operating revenue of RMB 726.64 million, a decrease of 20.12% compared to the previous year[67]. - The net profit attributable to the parent company was RMB 110.34 million, down 22.76% year-on-year[67]. Assets and Liabilities - The company's total assets increased by 40.66% to ¥3,739,616,585.89 at the end of 2019 from ¥2,658,575,121.70 at the end of 2018[29]. - The company’s total assets included cash and cash equivalents of ¥240,503,114.98, down 42.77% from ¥420,259,783.78 in the previous year[89]. - The company’s short-term borrowings increased by 86.72% to ¥647,335,892.74 from ¥346,696,802.61 in the previous year[89]. - The company’s total liabilities included long-term borrowings of ¥723,150,892.77, an increase of 169.97% from ¥267,860,128.65 in the previous year[89]. - The company’s accounts receivable decreased by 43.53% to ¥164,457,058.67 from ¥291,206,091.10 in the previous year, reflecting improved collection efforts[89]. - The company’s prepayments increased significantly by 218.57% to ¥23,614,179.48 from ¥7,412,446.76 in the previous year, indicating growth in solution business prepayments[89]. Dividends and Shareholder Information - The company plans to distribute a cash dividend of 0.53 CNY per 10 shares, totaling approximately 11.16 million CNY, which represents 10.12% of the net profit attributable to shareholders for 2019[7]. - The company has implemented a cash dividend policy, distributing 0.7 RMB per 10 shares for the 2018 fiscal year, totaling 14,741,055.56 RMB[129]. - In 2019, the company reported a net profit of 110,337,894.22 RMB, with a dividend payout ratio of 10.12%[131]. - The company has not adjusted its cash dividend policy during the reporting period[130]. - The company has not engaged in share buybacks as part of its cash dividend strategy[134]. Operational Performance - The company's IDC business primarily focuses on data center server hosting services, with a business model that includes wholesale and retail data center services[40]. - The company has extended its IDC solutions business by leveraging its strong capabilities in construction and operation management, offering modular services tailored to different customer needs[42]. - The company achieved a 100% service level agreement (SLA) fulfillment rate for all data center clients in the year[47]. - The average Power Usage Effectiveness (PUE) of the company’s data centers reached 1.4, significantly better than the U.S. average of 1.9, indicating strong energy efficiency[52]. - The IDC service revenue was RMB 700.01 million, with a gross margin of 37.60%, reflecting a 7.77% increase year-on-year[73]. Market and Industry Insights - In 2019, the IDC market size in China reached approximately 122.8 billion RMB, representing a year-on-year growth of 29.8%[45]. - The data center market in China is expected to continue growing at a high rate of 40%, driven by the demand for cloud computing and the rollout of 5G networks[101]. - The global IDC business market reached RMB 625.31 billion in 2018, growing by 23.6% compared to 2017, while China's IDC market size was RMB 122.8 billion, with a year-on-year growth of 29.8%[104]. Strategic Developments - The company is actively expanding its cloud sales business to enhance its service capabilities and better understand downstream customer needs[55]. - The company plans to continue exploring new business models to enhance customer retention and deepen strategic partnerships[62]. - The company is committed to green development, integrating environmental management into its data center operations[48]. - The company aims to achieve an operating income of RMB 730 million in 2020, focusing on deepening its core business and expanding its market presence[115]. - The company is exploring diversified financing models to strengthen capital strength and optimize capital structure[114]. Risks and Challenges - The company reported no significant risks during the reporting period, and potential future risks are discussed in the operational analysis section[9]. - The company faces risks related to high customer concentration, primarily relying on large internet companies for its wholesale data center services[121]. - Increased market competition may lead to a reduction in market share and overall profit margins for the company[122]. Audit and Compliance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants[6]. - The company’s financial report is guaranteed to be true, accurate, and complete by its management[6]. - The company has not reported any non-standard audit opinions from its accounting firm[139]. Corporate Governance - The actual controller, shareholders, and related parties have committed to not transferring or managing shares for 36 months from the date of the company's initial public offering[136]. - Indirect shareholders and senior management are restricted from transferring shares for 12 months post-IPO, with a maximum of 25% transfer allowed annually thereafter during their tenure[136]. - The company has committed to resolving any potential competition from its major shareholder, ensuring no similar business activities are conducted by related parties[136].

Financial Performance - Revenue for the first nine months grew by 13.02% to CNY 556,955,748.76[17] - Net profit attributable to shareholders decreased by 2.46% to CNY 93,473,765.94[17] - Net profit after deducting non-recurring gains and losses fell by 8.11% to CNY 86,642,679.63[17] - Basic and diluted earnings per share decreased by 4.35% to CNY 0.44[17] - Total operating revenue for Q3 2019 was ¥168,932,348.02, a decrease of 1.56% compared to ¥170,196,164.44 in Q3 2018[44] - Net profit for Q3 2019 was ¥24,341,171.30, down 19.06% from ¥30,149,718.89 in Q3 2018[47] - The company reported a total profit of ¥26,408,070.56 for Q3 2019, down 20.00% from ¥32,998,314.15 in Q3 2018[47] - Basic earnings per share for Q3 2019 were ¥0.44, a decrease from ¥0.46 in Q3 2018[49] Assets and Liabilities - Total assets increased by 23.88% year-on-year to CNY 3,293,392,370.02[17] - The total assets increased from CNY 2,658,575,121.70 to CNY 3,293,392,370.02, indicating significant growth in the company's asset base[32] - The total liabilities increased from CNY 1,084,177,182.24 to CNY 1,309,001,141.42, reflecting the company's increased borrowing and financial obligations[32] - Long-term borrowings increased to $623.38 million from $268.29 million, representing a significant rise[33] - Total liabilities rose to $2.21 billion from $1.65 billion, indicating a growth of approximately 33.5%[33] - Total equity attributable to shareholders rose to $1.08 billion from $1.00 billion, an increase of about 7.8%[33] Cash Flow - Operating cash flow for the first nine months increased by 10.37% to CNY 214,760,708.18[17] - Net cash flow from investing activities was CNY -1,091,128,776.87, a 162.37% increase compared to CNY -415,874,604.22 from the previous year, primarily due to higher cash payments for fixed asset purchases[25] - Net cash flow from financing activities increased by 325.36% from CNY 158,325,838.40 to CNY 673,451,708.33, reflecting the company's expansion and increased borrowings[25] - The total cash inflow from operating activities was ¥1,140,781,869.10, up from ¥865,371,449.31, reflecting a growth of 31.7% year-over-year[63] - The cash outflow from operating activities totaled ¥935,120,098.24, compared to ¥782,437,602.87 in the previous year, indicating an increase of 19.5%[63] Expenses - Financial expenses increased by 200.34% from CNY 13,798,418.96 to CNY 41,442,837.33 due to higher interest expenses from bank loans[22] - Research and development expenses rose to ¥9,122,204.27 in Q3 2019, an increase of 39.56% compared to ¥6,528,617.26 in Q3 2018[44] - Financial expenses surged to ¥14,663,576.60 in Q3 2019, compared to ¥5,596,444.34 in Q3 2018, reflecting a significant increase of 162.56%[44] - Total operating costs increased to ¥144,726,436.67 in Q3 2019, up 3.06% from ¥140,428,060.61 in Q3 2018[44] Shareholder Information - The number of shareholders at the end of the reporting period was 26,224[18] - Government subsidies recognized in the current period amounted to CNY 2,017,303.17[18] - Other income grew by 85.96% from CNY 3,271,274.83 to CNY 6,083,278.25 mainly due to increased government subsidies related to production and operations[22]

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the first half of 2019, representing a year-on-year increase of 15%[22]. - The net profit attributable to shareholders for the same period was 300 million RMB, up 20% compared to the previous year[22]. - The company's operating revenue for the first half of the year reached ¥388,023,400.74, representing a year-on-year increase of 20.27% compared to ¥322,615,886.04 in the same period last year[24]. - Net profit attributable to shareholders increased by 5.31% year-on-year, amounting to ¥69,120,525.97, while the net profit after deducting non-recurring gains and losses decreased by 2.29% to ¥63,973,017.00[25]. - The company achieved operating revenue of approximately RMB 388 million, representing a year-on-year growth of 20.27%[40]. - The net profit attributable to shareholders was approximately RMB 69 million, an increase of 5.31% compared to the previous year[40]. - The total comprehensive income for the period was 69,120,525.97, reflecting a significant increase compared to the previous period[126]. - The total equity attributable to the parent company's shareholders increased to 1,007,328,973.03, up by 54,379,497.51 from the previous period[126]. User Growth and Market Expansion - The company has expanded its user base to 500,000 active users, reflecting a growth of 25% year-on-year[22]. - Future guidance indicates an expected revenue growth of 10-15% for the second half of 2019, driven by new product launches and market expansion strategies[22]. - Market expansion efforts include entering two new provinces, which are projected to contribute an additional 200 million RMB in revenue by the end of 2019[22]. - The company is focusing on expanding its IDC solutions business, leveraging its strengths in technology, operations, and supply chain management to innovate its business model[30]. - The company anticipates continued growth in user demand and data volume due to the commercialization of 5G and the ongoing development of cloud computing[33]. Research and Development - The company is investing 100 million RMB in R&D for new technologies aimed at enhancing data center efficiency and service offerings[22]. - The company’s R&D expenses were approximately RMB 11.64 million, reflecting a 5.01% increase year-on-year[45]. - Research and development expenses for the first half of 2019 amounted to CNY 11,637,808.77, slightly higher than CNY 11,082,672.36 in the same period of 2018[109]. - The company has accumulated 85 utility model patents related to modular data center technology, enhancing its energy management capabilities[38]. Financial Position and Assets - The company's total assets increased by 18.05% year-on-year, reaching ¥3,138,540,083.99, while net assets attributable to shareholders rose by 5.43% to ¥1,056,688,259.43[24]. - The total assets reached approximately RMB 3.14 billion, up 18.05% year-on-year[40]. - Total current assets as of June 30, 2019, amounted to RMB 852,715,504.58, an increase of 11.1% from RMB 767,452,207.57 on December 31, 2018[92]. - The total non-current assets increased to RMB 2,285,824,579.41 from RMB 1,891,122,914.13, representing a growth of 20.9%[95]. - The company reported a significant increase in long-term equity investments, which rose to ¥805,760,000.00 from ¥404,760,000.00, reflecting a growth of 99.0%[101]. Cash Flow and Financing - The net cash flow from operating activities decreased significantly by 49.76%, totaling ¥60,736,706.92, primarily due to ongoing settlements for the Shenzhen Chuangyi project and delayed service payments for the Hangzhou Hanrong 185 project[25]. - Cash inflow from operating activities totaled CNY 392,464,093.84, an increase of 16.06% from CNY 337,991,135.45 in the same period last year[117]. - Cash outflow from operating activities amounted to CNY 331,727,386.92, up 52.73% from CNY 217,106,107.78 year-on-year[117]. - Cash inflow from financing activities reached CNY 834,790,223.46, significantly higher than CNY 121,070,000.00 in the same period last year[119]. - Net cash flow from financing activities was CNY 541,148,320.84, compared to a net outflow of CNY 45,300,760.74 in the previous year[119]. Operational Efficiency - The PUE (Power Usage Effectiveness) ratio improved to 1.3, indicating better energy efficiency in data center operations[15]. - The overall operating expenses (OPEX) of data centers are primarily driven by electricity costs, which account for about 60% of the company's operating costs[38]. - Operating costs rose in line with increased revenue from the Xiaoshan big data operation service platform and Shenzhen Chuangyi project[46]. Shareholder and Governance - The company has no plans for significant mergers or acquisitions in the near term, focusing instead on organic growth and internal development[22]. - The company did not propose any profit distribution or capital reserve transfer plans for the half-year period[60]. - The company has fulfilled all commitments related to share restrictions, including those from major shareholders and executives, within the specified timeframes[63]. - The company reported no significant litigation or arbitration matters during the reporting period, indicating a stable legal environment[66]. Accounting and Compliance - The financial statements comply with the requirements of enterprise accounting standards, reflecting the company's financial status and operating results accurately[146]. - The company has not reported any changes in accounting policies or prior period error corrections during this reporting period[134]. - There were no major accounting errors that required retrospective restatement during the reporting period[78].

Financial Performance - Net profit attributable to shareholders rose by 6.87% to CNY 35,987,325.31 year-on-year[11] - Operating revenue grew by 26.51% to CNY 190,821,748.69 compared to the same period last year[11] - Basic earnings per share increased by 6.25% to CNY 0.17 compared to the previous year[11] - Total operating revenue for Q1 2019 was RMB 190,821,748.69, an increase of 26.5% compared to RMB 150,836,919.32 in Q1 2018[38] - Operating profit for Q1 2019 reached RMB 43,026,439.73, representing a 7.5% increase from RMB 40,034,931.53 in Q1 2018[38] - Net profit attributable to shareholders for Q1 2019 was RMB 35,987,325.31, a rise of 6.9% compared to RMB 33,673,760.31 in Q1 2018[39] - The total comprehensive income for the first quarter of 2019 was CNY 11,571,142.97, compared to CNY 12,580,388.42 in the first quarter of 2018, indicating a decrease[46] Assets and Liabilities - Total assets increased by 7.44% to CNY 2,856,432,679.72 compared to the end of the previous year[11] - Total liabilities reached ¥1,813,116,369.84, up from ¥1,651,246,148.67, indicating a growth of approximately 9.8%[28] - Total equity attributable to shareholders increased to ¥1,038,296,114.33 from ¥1,002,308,789.02, reflecting a rise of about 3.6%[28] - Long-term borrowings increased to ¥294,962,395.46 from ¥267,860,128.65, representing a growth of approximately 10.5%[28] - Current liabilities amounted to ¥977,433,615.16, compared to ¥790,930,189.10, representing an increase of approximately 23.6%[34] - Total assets reached ¥1,999,331,269.36, up from ¥1,804,213,780.10, indicating a growth of approximately 10.8%[32] Cash Flow - Net cash flow from operating activities increased by 10.31% to CNY 45,248,946.70 year-on-year[11] - Net cash flow from investing activities decreased by 152.36% to -¥197,246,768.00 due to higher cash payments for fixed asset purchases[19] - Net cash flow from financing activities increased by 708.22% to ¥182,250,217.20 due to increased borrowings from financial institutions[19] - Cash inflow from operating activities totaled CNY 195,240,920.37, up from CNY 150,811,750.89 in the previous year, representing an increase of approximately 29.5%[46] - The net cash flow from financing activities was CNY 182,250,217.20, up from CNY 22,549,504.04 in the previous year, marking a significant improvement[48] Shareholder Information - The total number of shareholders at the end of the reporting period was 27,064[14] - The largest shareholder, Shanghai Beigao High-tech (Group) Co., Ltd., holds 36.79% of the shares[14] Expenses - Sales expenses increased by 505.41% compared to the previous year due to the need for additional sales personnel and expenses for business expansion[17] - Financial expenses rose by 219.29% to ¥13,053,421.59 primarily due to increased interest expenses from bank loans[17] - Research and development expenses for Q1 2019 totaled RMB 5,821,043.02, slightly up from RMB 5,310,917.34 in Q1 2018[38] - Tax expenses for Q1 2019 were RMB 7,038,802.99, an increase from RMB 6,385,878.40 in Q1 2018[38] Other Financial Metrics - The weighted average return on equity decreased by 0.18 percentage points to 3.51%[11] - Government subsidies recognized in the current period amounted to CNY 2,017,303.17[11] - Other operating income and expenses, excluding the above items, resulted in a net expense of CNY -299.99[11] - The company's retained earnings rose to ¥436,843,419.16 from ¥400,856,093.85, an increase of about 9%[28]

Financial Performance - The company's operating revenue for 2018 was CNY 909,678,920.56, representing a 74.86% increase compared to CNY 520,228,788.23 in 2017[26]. - The net profit attributable to shareholders for 2018 was CNY 142,855,360.59, a 24.34% increase from CNY 114,895,293.06 in 2017[26]. - The net cash flow from operating activities reached CNY 335,491,535.93, marking a significant increase of 138.46% compared to CNY 140,692,701.23 in 2017[26]. - The company's total assets as of the end of 2018 were CNY 2,658,575,121.70, a 57.38% increase from CNY 1,689,313,171.26 at the end of 2017[26]. - The basic earnings per share for 2018 was CNY 0.64, up from CNY 0.53 in 2017, reflecting a 20.75% increase[30]. - The company reported a net profit of CNY 47,023,289.57 for the fourth quarter of 2018, contributing to the overall annual performance[29]. - The company achieved operating revenue of RMB 909.68 million in 2018, representing a year-on-year growth of 74.86%[49]. - The net profit attributable to the parent company was RMB 142.86 million, an increase of 24.34% compared to the previous year[49]. - The total assets reached RMB 2.66 billion, up 57.38% year-on-year, while equity attributable to the parent company increased by 11.96% to RMB 1.00 billion[49]. Dividend Policy - The company plans to distribute a cash dividend of 0.7 CNY per 10 shares, totaling 14,741,055.56 CNY, which accounts for 10.32% of the net profit attributable to shareholders for 2018[6]. - For 2018, the cash dividend was set at 0.70 RMB per 10 shares, amounting to approximately 14.7 million RMB, which accounted for 10.32% of the net profit attributable to ordinary shareholders[94]. - The company has not made any adjustments to its cash dividend policy during the reporting period, maintaining a consistent approach to shareholder returns[93]. - The company’s cash dividend policy is aligned with regulatory guidelines and aims to ensure sustainable and stable returns for shareholders[93]. - The company has not proposed any share buyback plans that would be counted as cash dividends during the reporting period[94]. - The company has not disclosed any reasons for not proposing a cash profit distribution plan despite having positive distributable profits during the reporting period[94]. - The company’s focus on maintaining a stable dividend policy reflects its commitment to shareholder interests and long-term growth[93]. Operational Highlights - The company completed the main construction of the Changshan Cloud Data Center Phase I project during the reporting period, contributing to revenue growth[31]. - The company provided customized server hosting services primarily to large internet companies and telecom operators, with a focus on wholesale data center services[35]. - The company expanded its service offerings to include data center value-added services such as planning consulting and operational management outsourcing[35]. - The company has maintained a 100% service level agreement (SLA) fulfillment rate for its data center clients, including major companies like Alibaba, Tencent, Baidu, and NetEase[40]. - The company’s operational expenditure (OPEX) is heavily influenced by electricity costs, which account for approximately 60% of total operating costs, emphasizing the importance of energy efficiency[40]. - The company has established a strong brand image and competitive advantage through long-term partnerships with leading internet companies, enhancing customer loyalty[40]. - The company’s construction of the Xiaoshan Big Data Operation Service Platform has led to a 21.78% decrease in ongoing construction projects, reflecting efficient project management[39]. Market Outlook - The Chinese IDC market is projected to exceed CNY 120 billion in 2018, with an average growth rate of over 40% in the past five years, indicating a robust industry outlook[38]. - The IDC market in China is projected to exceed CNY 120 billion in 2018, with a year-on-year growth of 48%[76]. - The IDC market is expected to exceed CNY 200 billion by 2020 due to the growth driven by 5G and IoT applications[76]. - The government aims for the big data industry to exceed 1 trillion yuan in revenue by 2020, with an annual growth rate of around 30%[81]. - The data center market in China is dominated by telecom operators, holding over 70% market share due to resource advantages[80]. - The third-party IDC service providers are rapidly increasing their market share, driven by the demand for customized services and operational efficiency[80]. Risk Management - The company reported no significant risks during the reporting period, and potential future risks are discussed in the operational analysis section[8]. - The company has not engaged in non-operational fund occupation by controlling shareholders or related parties[8]. - The company emphasizes the importance of investment risk awareness in its forward-looking statements[7]. - The company has a high customer concentration risk, primarily relying on major telecom operators like China Telecom and end-users such as Alibaba, Tencent, and Baidu, which could impact profitability if contracts are not renewed[89]. - The company faces intensified market competition in the neutral data center service sector, which may lead to a decrease in market share and overall profit margins[89]. Governance and Compliance - The company received a standard unqualified audit report from Lixin Certified Public Accountants[5]. - The company’s financial report is guaranteed to be true, accurate, and complete by its management[4]. - There are no significant litigation or arbitration matters reported for the year, indicating a stable legal environment for the company[105]. - The company has not faced any risks of suspension or termination of its listing, reflecting a solid financial standing[106]. - The company has implemented changes in accounting policies, merging "accounts receivable" and "notes receivable" into a single line item, with current amounts reported at CNY 291.21 million[101]. - The company has reclassified R&D expenses from "management expenses" to a separate line item, resulting in a reduction of management expenses by CNY 22.84 million for the current period[101]. - The company has no significant overdue guarantees or contingent liabilities that could impact its financial stability[116]. - The company maintains a stable financial position with no major debts or overdue payments reported during the period[110]. Employee and Management - The company employed a total of 417 staff, including 101 in the parent company and 316 in major subsidiaries[155]. - The total pre-tax remuneration for the reporting period amounted to 6.9694 million yuan[141]. - The remuneration policy is based on performance assessments, linking employee pay closely to individual and company performance[156]. - The total hours of outsourced labor amounted to 3,760.5 hours, with total payments for outsourced labor reaching RMB 155,627[161]. - The company will continue to focus on professional training and talent development in 2019, emphasizing operational and construction training[160]. - The company has experienced changes in senior management, with resignations due to personal reasons and job transfers[154]. Investment and Assets - The company’s fixed assets increased by 67.71% from CNY 799,582,425.20 at the beginning of the year to CNY 1,340,971,570.56 due to the completion of the Xiaoshan Big Data Operation Service Platform and Shenzhen Chuangyi Project[39]. - The company’s total assets increased by 67.71% to 1.34 billion yuan, driven by the completion of the Hangzhou Xiaoshan Data Center and Shenzhen Chuangyi projects[66]. - The company made new equity investments totaling 37.75 million yuan in 2018, including investments in several technology companies[69]. - The company’s short-term borrowings increased to 346.28 million yuan, accounting for 13.02% of total liabilities[66]. - The company’s retained earnings increased to $158.28 million, up from $140.92 million, indicating effective profit retention strategies[200].

Financial Performance - Operating revenue for the first nine months rose by 34.78% to CNY 492,812,050.48 year-on-year[7] - Net profit attributable to shareholders increased by 16.65% to CNY 95,832,071.02 compared to the same period last year[7] - Basic earnings per share increased by 15.00% to CNY 0.46 compared to the previous year[7] - Total operating revenue for the first nine months of 2018 was ¥492,812,050.48, compared to ¥365,633,746.01 for the same period last year, marking a 35% increase[24] - Net profit for Q3 2018 was ¥30,149,718.89, representing a 16.5% increase compared to ¥25,787,049.38 in Q3 2017[26] - Total profit for the first nine months of 2018 was ¥47,898,428.47, a decrease of 41.6% compared to ¥81,996,981.62 in the same period last year[29] Cash Flow - Cash flow from operating activities surged by 113.54% to CNY 194,587,470.30 year-to-date[7] - Cash flow from operating activities increased by 113.54% to ¥194,587,470.30 from ¥91,126,537.89, driven by higher net sales revenue[13] - Cash flow from investing activities for the first nine months of 2018 showed a net outflow of ¥415,874,604.22, compared to a net outflow of ¥152,127,323.98 in the same period last year[32] - Cash received from operating activities related to services increased to ¥182,115,101.66 from ¥168,171,504.55, marking an 8.5% rise[34] - Cash paid for purchasing goods and services rose to ¥57,592,424.30, up 88.6% from ¥30,562,562.88 year-over-year[34] - Net cash flow from operating activities was ¥82,933,846.44, up 11.9% from ¥74,160,135.88 year-over-year[35] Assets and Liabilities - Total assets increased by 13.42% to CNY 1,915,996,889.32 compared to the end of the previous year[7] - Total liabilities increased to ¥955,985,426.82 from ¥794,060,036.47, reflecting the company's growing financial obligations[18] - The company’s total liabilities increased to ¥1,200,000,000.00 as of Q3 2018, reflecting ongoing investments and operational costs[30] - The company’s total assets reached ¥1,255,414,393.63, reflecting growth in its financial position[24] Operating Costs and Expenses - Operating costs rose by 45.50% to ¥318,453,805.32 from ¥218,870,249.40, mainly due to increased service costs associated with the new data centers[12] - Total operating costs for Q3 2018 were ¥140,428,060.61, up 43.8% from ¥97,571,426.80 in Q3 2017[24] - The total operating costs for the first nine months of 2018 were ¥384,232,659.26, up from ¥265,816,825.71 in the previous year[24] - Management expenses increased by 69.80% to ¥31,462,269.51 from ¥18,528,906.25, reflecting the company's expansion and increased personnel costs[12] - Sales expenses rose by 44.41% to ¥1,656,623.47 from ¥1,147,202.35, as the company expanded its business and marketing efforts[12] Shareholder Information - The number of shareholders reached 28,323 by the end of the reporting period[8] - Earnings per share for Q3 2018 were ¥0.46, compared to ¥0.40 in the same quarter last year[27] Investment Activities - Investment cash flow was negative at -¥415,874,604.22, worsening from -¥152,127,323.98, primarily due to increased investments in ongoing projects[13] - Cash outflow for investment activities was ¥176,327,658.52, significantly higher than ¥40,111,228.73 in the prior year, indicating a 339.5% increase[35] - Cash received from investment activities was minimal at ¥98,289.00, compared to ¥38,000,000.00 in the previous year, indicating a significant decline[35] Other Income - Other income increased by 42.22% to ¥3,271,274.83 from ¥2,300,108.02, mainly due to increased government subsidies related to production and operations[12]

Financial Performance - The company's operating revenue for the first half of 2018 was ¥322,615,886.04, representing a 35.76% increase compared to ¥237,632,740.92 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was ¥65,633,140.02, up 16.43% from ¥56,369,093.63 in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥65,472,067.95, reflecting a 27.29% increase from ¥51,437,217.99 in the same period last year[19]. - The net cash flow from operating activities reached ¥120,885,027.67, a significant increase of 209.96% compared to ¥39,000,608.09 in the previous year[19]. - Basic earnings per share increased by 10.71% to CNY 0.31 compared to the same period last year[21]. - Diluted earnings per share also rose by 10.71% to CNY 0.31 year-on-year[21]. - The company achieved operating revenue of approximately 322.62 million RMB in the first half of 2018, representing a year-on-year growth of 35.76%[35]. - The net profit attributable to shareholders was approximately 65 million RMB, an increase of 15.83% compared to the same period last year[35]. Assets and Liabilities - The net assets attributable to shareholders at the end of the reporting period were ¥925,086,568.45, which is a 3.33% increase from ¥895,253,134.79 at the end of the previous year[19]. - The total assets at the end of the reporting period were ¥1,664,751,243.37, showing a decrease of 1.45% from ¥1,689,313,171.26 at the end of the previous year[19]. - The company's total assets reached approximately 1.664 billion RMB, a decrease of 1.51% year-on-year, while net assets attributable to shareholders increased by 3.29% to approximately 925 million RMB[35]. - Total liabilities decreased from CNY 794.06 million to CNY 734.92 million, a reduction of about 7.4%[88]. - The company’s total liabilities to equity ratio improved from 0.89 to 0.79, indicating a stronger equity position[88]. Cash Flow - The company reported a cash balance of CNY 89,806,547.79 at the end of the period, down from CNY 310,600,533.90 at the beginning of the period, indicating a decrease of approximately 71.1%[184]. - Cash flow from operating activities significantly increased to ¥328,724,934.04, compared to ¥186,026,276.92, showing a growth of approximately 76.5%[99]. - The ending cash and cash equivalents balance was CNY 71,939,981.23, down from CNY 270,224,930.32 at the end of the previous period[102]. - Cash received from other operating activities was CNY 431,984,404.88, significantly higher than CNY 139,029,835.76 in the previous year, indicating improved operational efficiency[102]. Investments and Projects - The company plans to invest approximately 5.14 billion RMB in the Shenzhen Baolong Chuangyi data center project and 6.89 billion RMB in the Beijing Zhongliang Agricultural Ecological Valley project[36]. - The total investment for the Xiaoshan Big Data Operation Service Platform project is CNY 316.96 million, with an internal rate of return (IRR) of approximately 12.79%[44]. - The HB33 project has a total investment of CNY 880 million, with an IRR of approximately 13.36%[44]. - The Shenzhen Baolong Chuangyi Park project has a total investment of CNY 513.99 million, with an IRR of approximately 10.13%[44]. Operational Efficiency - The company maintained a 100% service level agreement (SLA) fulfillment rate for all data center clients, showcasing its operational reliability[29]. - The average Power Usage Effectiveness (PUE) for the company in 2018 was maintained at 1.4, reflecting its commitment to energy efficiency[30]. - The company operated 14 self-built data centers with a total of 102,506 servers and a power capacity of approximately 181,400 kW[35]. Market and Competition - The domestic IDC market is projected to exceed CNY 200 billion by 2020, driven by the increasing demand for customized data center services[27]. - The company anticipates increased competition in the neutral data center service market, which may impact market share and profit margins[50]. Risks and Challenges - The company faces risks due to high customer concentration, primarily relying on major clients like Alibaba, Tencent, and Baidu[48]. - Operational risks are heightened as the company expands, necessitating improved management of data center operations to maintain service quality and customer satisfaction[51]. Shareholder Information - The total number of ordinary shareholders reached 29,191 by the end of the reporting period[75]. - The top ten shareholders held a total of 77,476,950 shares, representing 36.79% of the total shares[76]. - The largest shareholder, Shanghai Beigao New (Group) Co., Ltd., holds 77,476,950 shares with a lock-up period of 36 months from the listing date[79]. Accounting and Financial Policies - The financial statements are prepared based on the going concern principle, indicating no significant issues affecting the company's ability to continue operations[114]. - The company has not made any changes to significant accounting policies or estimates during the reporting period[179]. - The company recognizes impairment losses on goodwill only after testing for impairment on non-goodwill asset groups first, confirming losses if recoverable amounts are lower than carrying values[165].

Financial Performance - Total revenue for Q1 2018 reached ¥150,836,919.32, an increase of 31.57% compared to ¥114,641,418.62 in the same period last year[6] - Net profit attributable to shareholders was ¥33,673,760.31, reflecting a growth of 40.32% from ¥23,998,606.79 year-on-year[6] - Total operating revenue for Q1 2018 was CNY 150,836,919.32, an increase of 31.5% compared to CNY 114,641,418.62 in the same period last year[24] - Net profit for Q1 2018 reached CNY 33,673,240.69, representing a 40.5% increase from CNY 23,998,606.79 in Q1 2017[25] - Earnings per share for Q1 2018 were CNY 0.16, compared to CNY 0.12 in the same quarter last year[26] - The company reported a gross profit of CNY 57,865,256.12 for Q1 2018, up from CNY 31,810,685.36 in Q1 2017[24] Cash Flow - Operating cash flow for the period was ¥41,018,633.48, a significant increase of 266.51% compared to ¥11,191,647.44 in the previous year[6] - Cash inflow from operating activities was CNY 150,811,750.89, significantly higher than CNY 83,693,928.52 in Q1 2017[31] - Net cash flow from operating activities was -70,243,927.63 RMB, a decrease compared to 48,246,782.70 RMB in the previous period[35] - Cash inflow from operating activities was 164,860,525.63 RMB, an increase from 85,845,212.01 RMB in the previous period[35] - Cash outflow from operating activities amounted to 235,104,453.26 RMB, significantly higher than 37,598,429.31 RMB in the previous period[35] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,694,904,299.16, a slight increase of 0.33% from ¥1,689,313,171.26 at the end of the previous year[6] - Total current assets as of March 31, 2018, amounted to CNY 481,344,017.08, up from CNY 463,160,359.92 at the beginning of the year[16] - Total non-current assets decreased to CNY 1,213,560,282.08 from CNY 1,226,152,811.34, reflecting a slight decline in asset value[17] - Total liabilities decreased to CNY 765,977,923.68 from CNY 794,060,036.47, indicating improved financial stability[18] - The total liabilities as of the end of Q1 2018 amounted to CNY 234,123,230.72, compared to CNY 135,186,415.26 at the end of the previous year[22] Shareholder Information - The number of shareholders reached 31,183, with the top ten shareholders holding a combined 77.79% of shares[9] - Total equity attributable to shareholders increased to CNY 928,926,895.10 from CNY 895,253,134.79, showing growth in shareholder value[18] - Total equity increased to CNY 749,044,831.76 from CNY 736,464,443.34 year-over-year[22] Operating Costs and Expenses - The company experienced a 39.32% increase in operating costs, totaling ¥92,527,571.12, primarily due to increased operational costs from the new Zhangbei 2A-2 data center[10] - Total operating costs for Q1 2018 were CNY 110,971,663.20, up 33.9% from CNY 82,830,733.26 in Q1 2017[24] - Management expenses for Q1 2018 were CNY 13,914,063.87, an increase from CNY 9,999,479.80 in the previous year[25] Other Income and Investments - Other income rose significantly by 762.37% to ¥169,675.41, attributed to increased government subsidies related to business operations[10] - Other income for Q1 2018 was CNY 169,675.41, compared to CNY 19,675.41 in Q1 2017, indicating growth in additional revenue streams[25] - Net cash flow from investing activities was -CNY 78,159,443.54, worsening from -CNY 31,220,362.68 year-over-year, mainly due to increased project investments[11] - Cash flow from investment activities was -2,746,596.00 RMB, compared to -997,310.20 RMB in the previous period[35] Financing Activities - Short-term borrowings amounted to ¥56,000,000.00, reflecting new bank loans taken during the reporting period[10] - Net cash flow from financing activities decreased by 93.19% to CNY 22,549,504.04, down from CNY 330,910,382.69 in the previous year, attributed to last year's IPO fundraising[11] - Total cash inflow from financing activities was 56,000,000.00 RMB, down from 380,970,000.00 RMB in the previous period[36] - The net cash flow from financing activities was 54,893,125.00 RMB, down from 310,486,872.19 RMB in the previous period[36]

Financial Performance - In 2017, the company's operating revenue reached ¥520,228,788.23, representing a year-on-year increase of 28.14% compared to ¥405,972,012.49 in 2016[21]. - The net profit attributable to shareholders was ¥114,895,293.06, a 46.87% increase from ¥78,228,767.29 in the previous year[21]. - The company's net assets attributable to shareholders grew by 115.44% year-on-year, reaching ¥895,253,134.79 at the end of 2017[21]. - The weighted average return on equity decreased by 6.6 percentage points to 14.18% in 2017, down from 20.78% in 2016[22]. - The company reported a net cash flow from operating activities of ¥140,692,701.23, a slight decrease of 3.81% from ¥146,269,632.66 in 2016[21]. - The company's basic earnings per share rose to ¥0.56, an increase of 12% from ¥0.50 in 2016[22]. - The total assets of the company reached ¥1,689,313,171.26, reflecting a 43.24% increase from ¥1,179,322,299.81 in 2016[21]. - The company achieved a revenue of RMB 520.23 million in 2017, representing a growth of 28.14% compared to the previous year[40]. - The net profit attributable to the parent company was RMB 114.90 million, an increase of 46.87% year-on-year[40]. - The total assets reached RMB 1.69 billion, a year-on-year growth of 43.24%[40]. Dividend Policy - The company plans to distribute a cash dividend of 1.7 yuan per 10 shares, totaling 35,799,706.36 yuan, which accounts for 31.16% of the net profit attributable to shareholders for 2017[5]. - The company implemented a cash dividend policy, distributing a cash dividend of 0.4 RMB per 10 shares for the fiscal year 2016, based on a total share capital of 210,586,508 shares[79]. - The cash dividend distribution plan for 2016 was approved at the shareholders' meeting on May 19, 2017, and was executed on June 14, 2017[79]. - The net profit attributable to shareholders for 2016 was 78,228,767.29 RMB, with a dividend payout ratio of 10.77%[81]. - For the fiscal year 2017, the company plans to distribute a cash dividend of 1.70 RMB per 10 shares, with a net profit of 35,799,706.36 RMB attributable to shareholders[81]. - There were no adjustments to the cash dividend policy during the reporting period[80]. - The company has not proposed any cash profit distribution plan despite having positive distributable profits for the reporting period[83]. Audit and Compliance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants[5]. - The company is not currently facing any issues related to the non-standard audit report[85]. - The company has adopted new accounting standards effective from May 28, 2017, impacting the treatment of non-current assets held for sale[85]. - The company has engaged Lixin Certified Public Accountants to audit its internal controls for the 2017 fiscal year[155]. - The financial statements fairly reflect the company's financial position as of December 31, 2017, and its operating results for the year[155]. - There were no significant deficiencies in internal controls reported during the period[152]. - Independent directors fulfilled their responsibilities and provided independent opinions on major decisions[148]. Market and Operational Strategy - The company’s market expansion is driven by the growing demand for data center services, particularly in the context of cloud computing and big data[28]. - The company aims to achieve a revenue target of 1 billion yuan in 2018, focusing on data center server hosting services[71]. - The company plans to expand its cloud ecosystem services, transitioning from a pure data center service provider to a comprehensive cloud ecosystem service provider[70]. - The company is committed to enhancing its service offerings and operational capabilities to adapt to the rapid growth of the IDC industry driven by cloud computing and big data[68]. - The company is exploring innovative mechanisms to improve its competitiveness and market vitality in response to evolving market conditions[72]. Risks and Challenges - The company reported no significant risks during the reporting period, with potential future risks discussed in the operational analysis section[7]. - The company faces risks related to high customer concentration, primarily relying on major telecom operators and internet companies like Alibaba, Tencent, and Baidu[73]. - The competitive landscape is intensifying with the rise of neutral data center service providers, which may impact the company's market share and profitability[75]. - Legal risks are increasing as the company expands its operations, necessitating a robust legal framework to protect its interests[76]. Shareholder and Capital Structure - The total share capital as of the end of 2017 was 210,586,508 shares[5]. - The company increased its total share capital to 210,586,508 shares after the initial public offering of 52,650,000 shares at a price of CNY 7.8 per share[110]. - The largest shareholder, Shanghai Beike High-tech Group, reduced its holding from 52.39% to 36.79% after the issuance[111]. - The public investors now hold 25% of the shares, totaling 52.65 million shares[111]. - The top ten shareholders include Shanghai Yaoxin Information Technology with a 26.19% stake, which is pledged with 4.5 million shares[116]. - The company has a total of 5.27 million shares held by the National Social Security Fund, which will be subject to a 36-month lock-up period[118]. - The company’s strategic investor, Shanghai Beike High-tech Group, holds 77.48 million shares, with a lock-up period of 36 months from February 8, 2020[118]. Research and Development - The company has developed 50 utility model patents related to modular data center technology, enhancing its energy management capabilities[34]. - The company has applied for and obtained 30 patents and software copyrights during the reporting period, bringing the total to 101[51]. - The company is actively involved in the development of new technologies and products, as indicated by the presence of a dedicated R&D center led by Mr. Gu Dan[132]. Human Resources and Management - The total compensation for executives during the reporting period amounted to 637.66 million RMB[128]. - The company employed a total of 267 staff, with 70 in the parent company and 197 in major subsidiaries[139]. - The company emphasizes a performance-based salary system linked to individual and company performance[141]. - The management team has extensive backgrounds in various sectors, including finance, technology, and operations, which supports the company's strategic initiatives[132]. - The company has a training plan for 2018 focusing on enhancing the skills of management, operations, construction, and general staff[142]. Financial Position - The company's total equity attributable to shareholders increased significantly, indicating strong financial health and growth potential[169]. - The total liabilities rose to ¥794,060,036.47 compared to ¥763,777,817.86, indicating an increase of about 3.8%[168]. - Owner's equity surged to ¥895,253,134.79 from ¥415,544,481.95, reflecting a significant increase of approximately 115.5%[169]. - Cash and cash equivalents increased to ¥155,666,106.74 from ¥35,966,806.47, marking a growth of about 332.5%[170]. - The company's retained earnings grew to ¥299,706,763.53 from ¥201,925,351.22, an increase of about 48.4%[169].

Financial Performance - Operating revenue for the first nine months reached CNY 365,633,746.01, a 25.86% increase year-on-year[7] - Net profit attributable to shareholders increased by 44.35% to CNY 82,156,143.01 compared to the same period last year[7] - Basic earnings per share increased by 11.11% to CNY 0.40 compared to the same period last year[7] - Total operating revenue for Q3 2017 reached ¥128,001,005.09, a 28.3% increase from ¥99,700,497.81 in Q3 2016[25] - Net profit for Q3 2017 was ¥25,787,049.38, representing a 37.4% increase compared to ¥18,722,609.08 in Q3 2016[27] - Operating profit for the first nine months of 2017 was ¥99,816,920.30, a significant increase from ¥67,082,065.56 in the same period of 2016[26] - The company reported a total profit of ¥31,664,033.81 for Q3 2017, compared to ¥22,614,179.33 in Q3 2016[26] Assets and Liabilities - Total assets increased by 26.56% to CNY 1,492,570,880.07 compared to the end of the previous year[7] - The total assets as of September 30, 2017, amounted to ¥1,492,570,880.07, compared to ¥1,179,322,299.81 at the beginning of the year, indicating a significant growth in total assets[18] - The total liabilities decreased to ¥630,056,895.33 from ¥763,777,817.86, showing improved financial stability[19] - Total liabilities for Q3 2017 were ¥228,671,039.13, a decrease from ¥488,328,499.65 in Q3 2016[22] - The company’s total current liabilities decreased to ¥223,712,746.46 from ¥358,116,789.79, indicating improved short-term financial health[18] Shareholder Equity - Net assets attributable to shareholders increased by 107.56% to CNY 862,513,984.74 compared to the end of the previous year[7] - The company's equity attributable to shareholders rose to ¥862,513,984.74 from ¥415,544,481.95, indicating a strong growth in shareholder value[19] - Owner's equity increased to ¥724,769,992.85 in Q3 2017, up from ¥284,746,879.29 in Q3 2016[22] Cash Flow - Cash flow from operating activities for the first nine months was CNY 91,126,537.89, up 6.83% year-on-year[7] - Operating cash inflow for the first nine months of 2017 was CNY 340,509,949.89, an increase of 14.5% compared to CNY 297,360,668.31 in the same period last year[31] - Net cash flow from operating activities was CNY 91,126,537.89, up from CNY 85,297,489.37, reflecting a growth of 4.8% year-over-year[31] - Total cash inflow from financing activities reached CNY 494,869,000.00, significantly higher than CNY 323,451,380.02 in the previous year, marking an increase of 53.1%[32] - Net cash flow from financing activities was CNY 195,445,162.30, compared to CNY 55,088,627.50, indicating a substantial increase of 254.5% year-over-year[32] - Cash and cash equivalents at the end of the reporting period totaled CNY 310,328,067.61, up from CNY 146,446,056.50, representing a growth of 111.5%[32] - The net cash increase for the period was CNY 134,444,376.21, compared to CNY 9,089,747.90 in the previous year, marking a significant improvement[32] Investments and Other Income - The company reported a substantial increase in other income, reaching ¥3,767,168.02, up 369.65% from ¥802,118.89, mainly due to increased government subsidies received this year[15] - The company received CNY 380,970,000.00 from investment absorption, with no previous year comparison available[36] - Cash inflow from investment activities was CNY 8,900,000.00, compared to CNY 169,961.17 in the previous year, showing a significant increase[31] - Total cash outflow for investment activities was CNY 161,027,323.98, up from CNY 131,466,330.14, reflecting a rise of 22.4%[32] Shareholder Information - The number of shareholders reached 30,724 by the end of the reporting period[11] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[30]