Financial Performance - The company reported no profit distribution for the year 2022[5]. - The company's operating revenue for 2022 was ¥2,683,573,082.72, a decrease of 7.69% compared to ¥2,907,173,612.63 in 2021[24]. - The net profit attributable to shareholders of the listed company was ¥2,594,217.26, a significant increase of 100.43% from a loss of ¥605,253,630.68 in the previous year[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥25,472,194.47, improving by 96.01% from -¥638,244,253.32 in 2021[24]. - The net cash flow from operating activities was ¥367,092,690.89, an increase of 227.76% compared to -¥287,328,583.29 in the previous year[24]. - The net cash flow from operating activities in Q4 2022 was RMB 307,196,186.54, showing a recovery from negative cash flow in previous quarters[28]. - The company's main business revenue for the reporting period was ¥2,677,463,109.79, a year-on-year decrease of 7.49%[62]. - The main business cost was ¥2,049,522,293.99, a year-on-year decrease of 8.24%[62]. - The construction industry revenue was ¥924,220,825.58, with a gross margin of 23.75%, showing a year-on-year decrease of 39.84%[64]. - IDC service revenue was ¥1,750,258,571.97, with a gross margin of 23.27%, reflecting a year-on-year increase of 29.29%[64]. Audit and Compliance - The audit report issued by Tianzhi International Accounting Firm was a standard unqualified opinion[4]. - There were no significant risk warnings noted in the report[10]. - The management team guarantees the authenticity, accuracy, and completeness of the annual report[10]. - The company has not reported any instances of more than half of the directors being unable to ensure the report's integrity[7]. - The company has adhered to strict information disclosure protocols, ensuring accurate and timely communication of relevant information to all shareholders[113]. - The company has not experienced any insider information leaks during the reporting period, ensuring compliance with disclosure regulations[112]. - The company has not disclosed any non-standard audit opinions from the accounting firm[173]. - The company has not faced any delisting risk warnings during the reporting period[174]. Corporate Governance - The board of directors was fully present at the meeting[10]. - The board of directors consists of 3 directors and 3 independent directors, having convened 8 meetings during the reporting period to ensure compliance with legal requirements[113]. - The company has established a governance structure ensuring all shareholders can exercise their rights and has held one annual general meeting during the reporting period[113]. - The company has appointed Zhao Qianbo as the new Secretary of the Board and Financial Director following the resignation of Wang Qi[122]. - The company has a total of 81,687,859 shares held by directors, supervisors, and senior management at the end of the reporting period[121]. - The company’s independent directors include Liu Hua, Yang Quangen, and Jiang Zhenhua, who have various roles in other organizations[119]. Strategic Focus and Development - The company is focusing on the development of cloud-native technologies and digital twin solutions to enhance its service offerings[13]. - The company plans to expand its market presence through new product launches and technological advancements in the metaverse and green energy sectors[13]. - The company is actively involved in green electricity trading and carbon footprint product development to align with sustainability goals[13]. - The company is focusing on risk prevention and promoting project payments to ensure stable operations amid external risks[36]. - The company is expanding its IDC business in key regions such as Beijing, Shanghai, Guangzhou, and Shenzhen, aiming to enhance its core competitiveness and profit margins[39]. - The company is committed to green construction practices, focusing on prefabricated and environmentally friendly construction technologies[48]. - The company is focusing on optimizing its marketing model and enhancing its comprehensive strength in the IDC market, leveraging technology and product capabilities[105]. Research and Development - The company’s R&D investment amounted to 118.34 million yuan, representing 4.41% of its operating revenue, with a total of 72 patents applied for during the reporting period[41]. - The company has applied for 72 patents during the reporting period, including 12 invention patents and 44 utility model patents, with 2 invention patents and 42 utility model patents granted[41]. - The company is focusing on green and energy-saving technologies, with products like MIMO communication power supply and high-power 5G base station power supply under development[85]. Market and Industry Trends - The IDC business segment experienced a revenue growth of 29.17% and a profit increase of 27.14% compared to the previous year[27]. - The IDC service sector is experiencing significant growth, with the market revenue reaching approximately 150 billion yuan in 2021, reflecting a compound annual growth rate of 30.69% over the past three years[44]. - The internet data center (IDC) industry is projected to see annual investments reach nearly 1 trillion by 2025, driven by new infrastructure initiatives[99]. - The "East Data West Calculation" project has been initiated, focusing on energy-saving innovations and the construction of national data center clusters[100]. - The market for data center energy-saving renovations is expected to reach 170 billion over the next five years, indicating significant business opportunities[100]. Financial Management - The company has not proposed any cash profit distribution plan despite having positive distributable profits for shareholders[139]. - The company reported a decrease in cash and cash equivalents by 16.33%, from ¥1,125,630,521.62 to ¥941,791,791.55[87]. - The company has not engaged in any cash asset management or entrusted loan activities during the reporting period[182]. - The company has not engaged in any asset or equity acquisitions or sales that require disclosure[178]. Shareholder Information - The largest shareholder, Xie Xiaodong, held 80,551,395 shares, representing 17.87% of the total shares, after a reduction of 9,000,000 shares[190]. - The total number of common stock shareholders increased from 27,074 to 27,579 during the reporting period[187]. - The company has a total of 36,845 convertible bondholders, with the top ten holders owning a combined total of 189,000,000 yuan in bonds, accounting for 15.73% of the total[198]. - The cumulative number of shares converted from the convertible bonds during the reporting period is 36,656 shares, which is 0.015% of the total shares outstanding before conversion[200]. Regulatory Issues - The company received a warning letter from the China Securities Regulatory Commission on December 31, 2021, regarding regulatory issues[123]. - On February 18, 2022, the company was warned by the Shanghai Stock Exchange for regulatory compliance issues[123]. - On May 25, 2022, the company and its actual controller received another regulatory warning from the Shanghai Stock Exchange[123].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥982,718,132.82, a decrease of 21.36% compared to ¥1,249,626,794.11 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was ¥10,933,156.76, down 89.57% from ¥104,781,194.47 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥9,634,099.40, a decline of 112.19% compared to ¥79,009,447.64 in the same period last year[18]. - The basic earnings per share (EPS) decreased by 91.30% to ¥0.02 compared to ¥0.23 in the same period last year[19]. - The net profit for the first half of 2022 was ¥10,933,156.76, down 89.57% year-on-year[19]. - The company's revenue for the first half of 2022 was approximately ¥982.72 million, a decrease of 21.36% compared to the same period last year[34]. - The company reported a comprehensive income of CNY 10,933,156.76 for the first half of 2022[127]. - The comprehensive income for the current period shows a total loss of RMB 57,955,644.72, indicating a significant decline compared to the previous period's income[135]. Cash Flow and Financial Position - The net cash flow from operating activities was -¥69,181,316.09, an improvement of 77.01% from -¥300,949,460.48 in the previous year[18]. - Cash and cash equivalents decreased by 12.56% to 984.22 million, down from 1,125.63 million year-on-year[42]. - The company reported a cash balance of CNY 984,221,628.82, down from CNY 1,125,630,521.62, reflecting a decrease of approximately 12.56%[106]. - The total operating cash flow for the first half of 2022 was a net outflow of ¥69,181,316.09, an improvement from a net outflow of ¥300,949,460.48 in the first half of 2021[120]. - The ending cash and cash equivalents balance was CNY 530,858,152.12, compared to -CNY 251,363,055.73 at the end of the first half of 2021[124]. - The company plans to focus on improving cash flow management and reducing operational costs in the upcoming quarters[123]. Assets and Liabilities - Total assets at the end of the reporting period were ¥7,659,299,193.03, a decrease of 0.68% from ¥7,711,353,235.20 at the end of the previous year[18]. - The company's total assets at the end of the first half of 2022 were ¥737,625,132.21, down from ¥1,050,179,151.11 at the end of the first half of 2021[122]. - Total liabilities decreased to CNY 4,234,035,683.81 from CNY 4,297,648,179.52, representing a reduction of approximately 1.48%[108]. - The total liabilities to equity ratio improved slightly, indicating a stronger equity position relative to liabilities[108]. - The total liabilities and owner's equity at the end of the reporting period amount to RMB 3,334,706,342.45, compared to RMB 3,575,659,166.13 in the previous period, showing a decrease of approximately 6.7%[135]. Research and Development - Research and development investment increased by ¥9,283,000 during the reporting period[20]. - Research and development expenses for the first half of 2022 were ¥48,872,387.97, an increase from ¥39,589,366.42 in the same period of 2021, representing a growth of 23.0%[113]. - The company applied for a total of 23 patents during the reporting period, including 5 invention patents and 17 utility model patents[31]. Strategic Initiatives - The company is focusing on enhancing its data center infrastructure and services, aiming to optimize management and marketing teams[27]. - The company is actively developing green construction technologies in response to national policies[27]. - The "East Data West Computing" project is a strategic initiative that underscores the importance of data centers in supporting the digital economy[28]. - The company is actively involved in the construction of green data centers, utilizing high standards and modular design to enhance energy efficiency[30]. - The company aims to expand its business into municipal, affordable housing, and urban integration sectors while strengthening partnerships with leading internet companies[33]. Risk Management - The company is focusing on risk management and cost reduction strategies to enhance operational efficiency amid industry challenges[37]. - The company is focusing on reducing financial risks by lowering interest-bearing liabilities and repaying loans and interest[41]. - The company faces risks in its foundation and construction services due to reduced market bidding volumes and business shrinkage, exacerbated by the pandemic and industry competition[49]. Shareholder Information - The total number of shareholders reached 31,127 by the end of the reporting period[86]. - The largest shareholder, Xie Xiaodong, holds 80,551,395 shares, representing 17.87% of the total shares, with 22,721,392 of these being restricted shares[88]. - The company has no preferred shareholders with restored voting rights as of the reporting period[86]. - The total number of convertible bond holders at the end of the reporting period was 45,326[97]. Compliance and Governance - The company has not disclosed any major litigation or arbitration matters during the reporting period[73]. - There were no significant related party transactions or changes in the status of previously disclosed transactions during the reporting period[74]. - The company has not provided any guarantees to shareholders, actual controllers, or their related parties[79]. - The company has not encountered any bankruptcy reorganization matters during the reporting period[73]. Environmental Responsibility - The company is committed to green development, with initiatives to enhance energy efficiency and reduce carbon emissions in line with national policies[60]. - The company is implementing prefabricated modular construction technology to create green low-carbon data centers, aiming to optimize operational efficiency[61]. - A commitment to building a green supply chain by integrating environmental considerations into the procurement process and increasing the weight of energy-saving measures in supplier assessments[61].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥982,718,132.82, a decrease of 21.36% compared to ¥1,249,626,794.11 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was ¥10,933,156.76, down 89.57% from ¥104,781,194.47 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥9,634,099.40, a decline of 112.19% compared to ¥79,009,447.64 in the same period last year[18]. - The net cash flow from operating activities was -¥69,181,316.09, an improvement of 77.01% from -¥300,949,460.48 in the previous year[18]. - Basic earnings per share decreased by 91.30% to ¥0.02 from ¥0.23 in the same period last year[19]. - The company reported a significant increase in sales revenue from other operating activities, which amounted to ¥239,042,435.10 in the first half of 2022, compared to ¥60,971,747.17 in the first half of 2021[120]. - The comprehensive income for the current period shows a total loss of RMB 57,955,644.72, indicating a significant decrease compared to the previous period[135]. Assets and Liabilities - Total assets at the end of the reporting period were ¥7,659,299,193.03, a decrease of 0.68% from ¥7,711,353,235.20 at the end of the previous year[18]. - The company's total assets decreased by 12.56% to CNY 7.66 billion, with cash and cash equivalents at CNY 984.22 million[41]. - Total liabilities decreased to ¥1,672,734,873.33 from ¥1,961,875,692.58, indicating a reduction of 14.7%[111]. - The company's asset-liability ratio as of June 30, 2022, was 55.28%[103]. Research and Development - Research and development investment increased by ¥9,283,000 during the reporting period[20]. - Research and development expenses rose by 23.45% to CNY 48.87 million, reflecting increased investment in the IDC segment[39]. - The company applied for a total of 23 patents during the reporting period, including 5 invention patents and 17 utility model patents[31]. Strategic Initiatives - The company is focusing on enhancing its core competitiveness through the integration of smart manufacturing and information services[27]. - The company aims to optimize its data center operations to reduce PUE and operational costs, thereby adding value for clients[27]. - The "East Data West Computing" project is a strategic initiative that underscores the importance of data centers in supporting the digital economy[28]. - The company is committed to green development, aiming to enhance energy efficiency and renewable energy utilization in data centers, with targets set for 2025[50]. Financial Management - The company has implemented a digital management system to enhance operational efficiency and support sustainable development[34]. - The company is cautious in selecting clients to reduce accounts receivable risks, particularly in the real estate sector[39]. - The company has ongoing investments in IDC projects, contributing to the increase in construction in progress by 35.91% to CNY 725.77 million[41]. Shareholder Information - The total number of shares increased from 450,717,747 to 450,750,079, with a change of 32,332 shares due to the conversion of convertible bonds[80]. - The total number of shareholders reached 31,127 by the end of the reporting period[85]. - The top shareholder, Xie Xiaodong, holds 80,551,395 shares, representing 17.87% of the total shares, with 22,721,392 shares under limited sale conditions[87]. Compliance and Governance - The financial report was approved by the management on August 26, 2022, ensuring compliance with accounting standards[139]. - The company has confirmed that there are no significant factors affecting its ability to continue as a going concern within the next 12 months[140]. - The company will comply with regulations regarding external guarantees and related party transactions[68]. Environmental and Social Responsibility - The company has implemented a comprehensive environmental protection management system, ensuring compliance with environmental regulations and promoting green production practices[58]. - A green supply chain management system is being established, integrating environmental considerations into the procurement process and increasing the weight of energy-saving assessments for suppliers[60].

Financial Performance - The company's operating revenue for the reporting period was ¥2,907,173,612.63, a decrease of 26.09% compared to the same period last year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥638,244,253.32, a decline of 273.64% year-on-year[5]. - The company's operating revenue for 2021 was ¥2,907,173,612.63, a decrease of 26.09% compared to ¥3,933,403,130.76 in 2020[20]. - The net profit attributable to shareholders for 2021 was -¥605,253,630.68, representing a decline of 254.14% from a profit of ¥392,666,060.95 in 2020[21]. - The net cash flow from operating activities for 2021 was -¥287,328,583.29, a decrease of 190.14% compared to ¥318,743,856.51 in 2020[21]. - The total assets at the end of 2021 were ¥7,711,353,235.20, down 10.18% from ¥8,585,552,594.89 at the end of 2020[21]. - The net assets attributable to shareholders at the end of 2021 were ¥3,413,705,055.68, a decrease of 15.84% from ¥4,056,118,065.74 at the end of 2020[21]. - The revenue after deducting non-main business income for 2021 was ¥2,894,366,445.39, down 26.23% from ¥3,923,419,582.55 in 2020[20]. Impairments and Provisions - The company recognized goodwill impairment of ¥630,898,200 due to underperformance of its subsidiary, Xiangjiang Technology[5]. - Total provisions for bad debts and impairments amounted to approximately ¥160 million, significantly impacting the profit for the reporting period[5]. - The total guarantee amount (including guarantees to subsidiaries) was 1.5465 billion RMB, accounting for 45.30% of the company's net assets[178]. - The total guarantee amount for subsidiaries during the reporting period was 1.3265 billion RMB[178]. Business Challenges - The construction business was adversely affected by liquidity risks from downstream developers such as Evergrande Group and Taihe Group[5]. - The IDC business faced delays in project payments from clients like Huitian and Nanfaxin, affecting accounts receivable[5]. - The company faced challenges in its foundation and construction business due to the "three red lines" policy, leading to a cautious approach in business expansion and strict risk assessment of bidding parties[32]. - The company experienced a 66.54% increase in net cash flow from investing activities, amounting to -659,645,172.53 RMB, primarily due to increased investment in the Taicang data center project[58]. Strategic Initiatives - The company is focused on developing new technologies and products, including cloud gaming and digital twin technologies, to enhance user experience and market competitiveness[12]. - The company plans to expand its market presence through strategic partnerships and potential acquisitions in the technology sector[12]. - The company aims to optimize its operational efficiency and reduce costs in response to the declining revenue trend[20]. - The company is committed to sustainability initiatives, including the promotion of green energy certificates to enhance its corporate social responsibility profile[12]. Research and Development - During the reporting period, the company applied for 99 patents, including 23 invention patents, with R&D investment amounting to 12,192.78 million yuan, accounting for 4.19% of revenue[35]. - The company's R&D investment amounted to 12,192.78 RMB, accounting for 4.19% of its operating revenue[55]. - The company has initiated 27 R&D projects, with a total investment of CNY 5,000 million across various innovative solutions[76]. Governance and Compliance - The board of directors and management have confirmed the accuracy and completeness of the annual report[6]. - The company has established a governance structure ensuring all shareholders can exercise their rights and have access to information regarding major company matters[106]. - The company strictly adheres to information disclosure regulations, ensuring timely and accurate reporting of relevant information[105]. - The independent directors and supervisors have fulfilled their responsibilities in overseeing the company's financial and operational compliance[105]. Shareholder and Management Information - The chairman and CEO, Xie Xiaodong, increased his shareholding by 7,413,566 shares, bringing his total to 89,551,395 shares[109]. - The total pre-tax remuneration for the chairman and CEO was 127.95 million yuan during the reporting period[109]. - The company has a structured performance-based remuneration system for its directors and senior management, linked to economic indicators[114]. - The company held a total of 4 shareholder meetings during the reporting period, including 1 annual and 3 extraordinary meetings[107]. Market Position and Future Outlook - The company expects a revenue growth of 20% for the next fiscal year, projecting total revenue to reach 6 billion yuan[155]. - New product launches are anticipated to contribute an additional 500 million yuan in revenue in 2022[155]. - The company plans to invest 300 million yuan in new technology development over the next two years[155]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by 2023[155].

公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务报表 信息的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 2022 年第一季度报告 证券代码：603887 证券简称：城地香江 上海城地香江数据科技股份有限公司 2022 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 | 项目 | 本报告期 | 本报告期比上年同期 增减变动幅度(%) | | --- | --- | --- | | 营业收入 | 558,048,228.73 | -1.67 | | 归属于上市公司股东的净利 | 32,634,689.88 | -56.93 | | 润 | | | | 归属于上市公司股东的扣除 | 13,413,375.62 | -73.33 | ...

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准 确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律 责任。 2021 年第三季度报告 证券代码：603887 证券简称：城地香江 上海城地香江数据科技股份有限公司 2021 年第三季度报告 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度 报告中财务报表信息的真实、准确、完整。 第三季度财务报表是否经审计 □是√否 一、 主要财务数据 (一)主要会计数据和财务指标 1/ 15 单位：元币种：人民币 项目 本报告期 本报告期 比上年同 期增减变 动幅度(%) 年初至报告期末 年初至报 告期末比 上年同期 增减变动 幅度(%) 营业收入 488,729,582.31 -50.04 1,738,356,376.42 -31.48 归属于上市公司 股东的净利润 -37,419,948.92 -138.56 67,361,245.55 -76.24 202 ...

Financial Performance - The company reported a total revenue of 1.5 billion CNY for the first half of 2021, representing a year-on-year increase of 20%[13]. - The company has set a revenue guidance of 3 billion CNY for the full year 2021, indicating a growth target of 25% compared to 2020[13]. - The company's operating revenue for the first half of the year was CNY 1,249,626,794.11, a decrease of 19.83% compared to the same period last year[21]. - The net profit attributable to shareholders for the first half of the year was CNY 104,781,194.47, down 43.80% year-on-year[21]. - The basic earnings per share for the first half of the year was CNY 0.23, a decline of 43.90% compared to CNY 0.41 in the same period last year[23]. - The company's total revenue for the first half of 2021 was approximately CNY 1.25 billion, a decrease of 19.83% compared to the same period last year[54]. - The operating costs for the same period were approximately CNY 942 million, reflecting a decrease of 19.98% year-on-year[54]. - The company reported a net cash flow from operating activities of -CNY 300,949,460.48, an increase in outflow of 19.48% compared to the previous year[21]. - The company reported a significant increase in cash received from sales of goods and services, reaching CNY 1,588,124,932.22, up from CNY 1,052,461,863.60 in the previous year[135]. User Growth and Market Expansion - User data showed an increase in active users by 15%, reaching 2 million active users by the end of June 2021[13]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2022[13]. - New product launches in the cloud computing sector contributed to a 30% increase in service subscriptions[13]. Research and Development - Research and development expenses increased by 18%, focusing on artificial intelligence and big data technologies[13]. - The company has applied for a total of 27 patents during the reporting period, including 10 invention patents, 10 utility model patents, and 7 design patents[42]. - The company’s research and development expenses increased by 4.36% to approximately CNY 39.59 million, indicating a commitment to innovation[54]. Financial Position and Assets - The company's total assets decreased by 2.92% to CNY 8,334,518,557.63 compared to the end of the previous year[22]. - The company's total liabilities decreased from CNY 4,529,434,529.15 in December 2020 to CNY 4,211,016,507.51 in June 2021, representing a reduction of approximately 7%[123]. - The total equity increased from CNY 4,056,118,065.74 in December 2020 to CNY 4,123,502,050.12 in June 2021, reflecting an increase of about 1.65%[123]. - The company's cash and cash equivalents decreased from RMB 2,242,217,007.11 at the end of 2020 to RMB 1,778,034,632.02 by June 30, 2021[122]. Risk Management - There are no significant risks reported that could impact the company's financial performance[7]. - The company faces risks from the normalization of the pandemic, which may disrupt market conditions and affect the delivery cycle[62]. - The company has implemented a regional responsibility system to enhance operational efficiency and mitigate risks associated with the real estate sector[51]. Corporate Governance - The board of directors confirmed the accuracy and completeness of the financial report, ensuring no misleading statements[6]. - The company has not proposed any profit distribution plan for the reporting period[4]. - The company has no non-operating fund occupation by controlling shareholders or related parties[5]. Environmental and Social Responsibility - The company is focusing on energy-saving and emission-reduction technologies, particularly in data center and 5G macro station operations, aiming to lower the Power Usage Effectiveness (PUE) level[40]. - The company has engaged in community support initiatives, including signing a partnership agreement for rural revitalization[76]. - Xiangjiang Technology has donated 1.5 million yuan to local charities during the reporting period, contributing to social welfare and poverty alleviation efforts[75]. Shareholder Information - The total number of shares increased from 375,580,271 to 450,705,059, representing a growth of 20%[94]. - The company distributed a cash dividend of 1.00 yuan per 10 shares and issued 2 additional shares for every 10 shares held, resulting in a total increase of 75,117,469 shares[95]. - The largest shareholder, Sha Zhengyong, increased his holdings to 49,818,710 shares, representing a significant increase due to major asset restructuring[98]. Debt and Financing - The company plans to issue convertible bonds with a total fundraising amount not exceeding RMB 1.2 billion[108]. - The company's debt-to-asset ratio as of June 30, 2021, is 50.53%[119]. - The total liabilities at the end of the reporting period were CNY 1,173,433,480.00, reflecting a stable financial position[142]. Accounting and Financial Reporting - The company's financial statements were approved by management on August 27, 2021[147]. - The preparation of consolidated financial statements is based on the financial statements of the parent company and its subsidiaries, in accordance with the relevant accounting standards[161]. - The company recognizes financial assets when it becomes a party to the financial instrument contract, with regular way trades recognized on the trade date[165].

Financial Performance - Operating revenue increased by 9.53% to CNY 567,535,094.49 year-on-year[6] - Net profit attributable to shareholders rose by 2.92% to CNY 75,770,938.62 compared to the same period last year[6] - The company reported a net profit of ¥1,055,285,826.21, up from ¥980,033,652.21, indicating an increase of approximately 7.7%[17] - Total revenue for Q1 2021 was CNY 567,535,094.49, an increase of 9.4% compared to CNY 518,163,043.46 in Q1 2020[20] - Net profit for Q1 2021 reached CNY 75,770,938.62, a 3.0% increase from CNY 73,589,598.19 in Q1 2020[22] - Operating profit for Q1 2021 was CNY 95,581,404.07, compared to CNY 91,023,373.25 in Q1 2020, indicating a growth of 5.7%[22] Cash Flow - Cash flow from operating activities showed a significant decline, with a net outflow of CNY 92,462,366.13, an increase of 813.15% in outflow compared to the previous year[6] - The net cash flow from operating activities was -¥92,462,366.13, worsening from -¥10,125,666.82 in the same period last year[27] - Cash inflows from investment activities totaled ¥330,000,000.00, compared to only ¥10,000.00 in Q1 2020[28] - The net cash flow from investment activities was -¥671,304,483.35, significantly higher than -¥267,060,232.01 in Q1 2020[28] - Cash inflows from financing activities were ¥667,541,856.00, up from ¥437,680,000.00 in Q1 2020[28] - The net cash flow from financing activities decreased to -¥29,778,784.63 from a positive ¥195,051,899.36 in the previous year[28] Assets and Liabilities - Total assets decreased by 5.21% to CNY 8,138,494,776.64 compared to the end of the previous year[6] - Total current assets decreased to ¥5,357,563,514.81 from ¥5,957,256,039.70, reflecting a reduction of about 10.1%[15] - The total liabilities decreased to ¥4,006,579,578.64 from ¥4,529,434,529.15, a decline of approximately 11.5%[16] - Total current liabilities decreased to ¥2,877,498,873.59 from ¥3,218,299,487.19, a reduction of approximately 10.6%[16] - The total liabilities decreased to CNY 2,234,616,741.23 in Q1 2021 from CNY 2,643,083,813.97 in Q1 2020[19] - The total equity attributable to shareholders increased to ¥4,131,915,198.00 from ¥4,056,118,065.74, representing an increase of about 1.9%[17] Shareholder Information - The number of shareholders reached 18,233 at the end of the reporting period[7] - The largest shareholder, Xie Xiaodong, holds 21.87% of the shares, with 40,176,000 shares pledged[7] Investment and Growth - The company plans to focus on expanding its market presence and investing in new technologies to drive future growth[18] - Long-term borrowings were reduced to zero, a 100% decrease, as part of optimizing the company's debt structure[9] - The company has long-term borrowings of CNY 216,680,000.00 as of the first quarter of 2021[34] Research and Development - Research and development expenses decreased to CNY 17,281,970.94 in Q1 2021 from CNY 20,845,392.47 in Q1 2020, a reduction of 17.8%[20] Financial Ratios - The weighted average return on equity decreased by 15.91 percentage points to 1.85%[6] - Earnings per share remained stable at CNY 0.20 for both Q1 2021 and Q1 2020[23]

Financial Performance - The company's operating revenue for 2020 reached ¥3,933,403,130.76, representing a 34.52% increase compared to ¥2,924,111,846.90 in 2019[24]. - The net profit attributable to shareholders for 2020 was ¥392,666,060.95, an 18.49% increase from ¥331,393,843.80 in 2019[24]. - The net profit after deducting non-recurring gains and losses was ¥367,570,269.47, reflecting a 14.00% increase from ¥322,432,269.18 in 2019[24]. - The net cash flow from operating activities improved significantly to ¥318,743,856.51, a 121.05% increase from ¥144,196,351.85 in 2019[24]. - The total assets of the company increased to ¥8,585,552,594.89, a 35.29% rise from ¥6,346,206,092.76 in 2019[24]. - The net assets attributable to shareholders reached ¥4,056,118,065.74, marking a 22.41% increase from ¥3,313,546,861.31 in 2019[24]. - Basic earnings per share decreased by 7.08% to CNY 1.05 in 2020 compared to CNY 1.13 in 2019[25]. - The weighted average return on equity dropped by 7.45 percentage points to 10.87% in 2020 from 18.32% in 2019[25]. Dividend and Capital Structure - The company plans to distribute a cash dividend of 1.00 yuan per 10 shares to all shareholders, based on a total share capital of 375,580,271 shares as of March 31, 2021[5]. - The company will also increase its capital stock by 2 shares for every 10 shares held, using capital reserves[5]. - The company distributed cash dividends of ¥0.5 per 10 shares, totaling ¥13,413,581.10, and proposed a capital reserve transfer of 4 shares for every 10 shares held, increasing the total share capital to 375,580,271 shares[56]. - The total number of ordinary shares increased from 268,271,622 to 375,580,271 shares due to a capital reserve conversion of 107,308,649 shares[172]. - The proportion of restricted shares decreased from 47.29% to 23.68% after the conversion[170]. Audit and Compliance - The audit report issued by Tianzhi International Accounting Firm confirms the financial report's authenticity and completeness[4]. - The board of directors and senior management have ensured the accuracy and completeness of the annual report[10]. - The company has not violated any decision-making procedures regarding external guarantees[8]. - There are no significant risks or non-operational fund occupation by controlling shareholders[7][9]. - The company has maintained compliance with all relevant laws and regulations regarding related party transactions[130]. Research and Development - The company applied for a total of 131 patents during the reporting period, including 57 invention patents, 63 utility model patents, and 11 design patents[50]. - Research and development expenses amounted to RMB 157,913,698.36, accounting for 4.01% of revenue, with a growth of 47.03% compared to the previous year[67]. - The company is focusing on three main areas of R&D: energy-saving technologies for data centers and 5G macro stations, intelligent operation and maintenance technologies, and smart control technologies for base station power supplies[61]. - The main R&D focus includes energy-saving technologies for data centers and 5G macro station, with significant advancements in power management and cooling systems[85]. Market and Industry Trends - The IDC service industry is experiencing rapid growth due to advancements in IoT, AI, and cloud computing, leading to increased data center investments[38]. - The company is focused on the data center infrastructure production and sales, aiming to support the entire data center industry chain[34]. - The data center industry is experiencing rapid growth due to favorable policies and government support, with a focus on integrating and upgrading local data centers in developed regions like Beijing and Shanghai[110]. - The introduction of public REITs in the infrastructure sector is expected to enhance the development of quality IDC projects by reducing financing difficulties and leveraging existing resources[111]. Strategic Initiatives - The company has established a new subsidiary, Chengdi Cloud Computing, to enhance its data center business planning and operations[34]. - The company is expanding its foundation construction business nationwide, establishing regional companies and enhancing its service capabilities[59]. - The company signed a strategic cooperation framework agreement with China Telecom Shanghai, focusing on deep collaboration in resources, assets, and capital[59]. - The company plans to enhance its IDC-related business in first-tier cities, focusing on increasing cabinet holdings and expanding operational services over the next 3-5 years[116]. Financial Management - The company reported a significant increase in financial expenses by 79.28% due to increased short-term borrowings and the issuance of convertible bonds[68]. - The total financial expenses amounted to ¥88,211,713.37, compared to ¥49,203,832.25 in the previous period, primarily due to increased interest expenses[81]. - The company achieved an annualized return of 7.125% on a wealth management product amounting to 50 million RMB, fully recovered at maturity[158]. - The company has no major changes in accounting policies or estimates that would significantly impact its financial statements[150]. Shareholder Relations - The company is enhancing investor relations management to ensure timely and accurate information disclosure to all shareholders[120]. - The company acknowledges risks related to market competition in the IDC sector and the potential impact of macroeconomic policies on its business sustainability[121]. - The company has committed to avoiding direct or indirect competition with its own subsidiaries and will notify the company of any business opportunities that may conflict with its main business[130]. Corporate Governance - The company has established a comprehensive corporate governance structure to ensure fair and accurate information disclosure, with no instances of selective disclosure reported[159]. - The company has implemented an ISO14001 environmental management system to promote sustainable practices and reduce energy consumption in data centers[160]. - The company has committed to providing a safe and comfortable working environment for employees, including annual health check-ups and training programs[160]. Human Resources - The company aims to strengthen human resource reserves to support future business expansion, focusing on internal training and external expert engagement[119]. - The total pre-tax compensation for the chairman was reported at 77.36 million yuan[192]. - The total pre-tax compensation for the vice president was reported at 90 million yuan[192]. - The total pre-tax compensation for the finance director was reported at 49.42 million yuan[192].