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]

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].