Financial Performance - The company's operating revenue for the first half of 2021 was RMB 242,601,439.49, representing a 1.25% increase compared to RMB 239,608,267.83 in the same period last year[19]. - The net profit attributable to shareholders decreased by 36.92% to RMB 32,789,092.78 from RMB 51,978,558.45 year-on-year[19]. - The net profit after deducting non-recurring gains and losses fell by 39.77% to RMB 26,981,602.14 compared to RMB 44,797,151.31 in the previous year[20]. - The net cash flow from operating activities was negative at RMB -52,578,049.04, worsening from RMB -43,630,185.05 in the same period last year[20]. - Basic and diluted earnings per share decreased by 50.00% to RMB 0.58 from RMB 1.16 in the same period last year[21]. - Operating profit decreased by 33.83% to RMB 37,838,768.87, while net profit attributable to shareholders fell by 36.92% to RMB 32,789,092.78, primarily due to increased R&D investments[40]. - The company reported a decrease in other income by 72.55%, primarily due to last year's receipt of compensation for breach of contract[47]. - The company reported a total comprehensive income of ¥32,789,092.78 during the first half of 2021[139]. Assets and Liabilities - The net assets attributable to shareholders increased by 126.17% to RMB 939,654,315.55 from RMB 415,458,791.23 at the end of the previous year[20]. - Total assets rose by 71.21% to RMB 1,134,961,192.10 from RMB 662,921,377.11 at the end of the previous year[20]. - Total liabilities decreased to CNY 195,087,462.74 from CNY 247,279,050.61, a reduction of approximately 21.1%[121]. - The company’s total assets increased significantly, with cash and cash equivalents being a major contributor due to the IPO proceeds[49]. - The company’s fixed assets increased by 52.35% to 2,659,000.07, primarily due to the purchase of new fixed assets[49]. - The company’s capital reserve increased by 763.89% to 565,837,239.93, mainly due to the premium from the initial public offering[51]. Research and Development - The company attributed the decline in profits primarily to increased R&D investments during the reporting period[22]. - R&D expenses totaled RMB 39,492,000, an increase of RMB 15,244,800 compared to the previous year, accounting for 16.28% of operating revenue, up by 6.16 percentage points[41]. - Research and development expenses increased to CNY 39,491,984.35, representing a 63.06% rise from CNY 24,247,205.03 in the first half of 2020[127]. - The company holds a total of 71 patents and 119 software copyrights as of June 2021, reflecting its commitment to innovation and technology development[42]. Market and Business Strategy - The IT data center operation management market in China is expected to reach CNY 294.12 billion in 2021, with a compound annual growth rate of 17.59% projected until 2023[30]. - The company focuses on IT data center operation services and products, aiming to enhance IT operational intelligence and support digital transformation[31]. - The company aims to optimize and upgrade its "Zn series" products and technologies to enhance its competitive edge in the industry[30]. - The company is committed to building a domestic ecosystem and expanding its multi-faceted effects through continuous R&D and potential investment collaborations[30]. - The company has established a comprehensive service model that significantly enhances customer retention, with a focus on a "service + product" approach[38]. Financing Activities - The net cash flow from financing activities increased by 485,483,006.78, compared to a net outflow of -22,757,099.58 in the previous year[45]. - Cash and cash equivalents at the end of the period amounted to 635,600,891.12, representing 56.00% of total assets, an increase of 77.87% from the previous year[49]. - The company received cash inflow from financing activities of ¥540,661,156.15, a significant increase compared to ¥39,000,000.00 in the same period last year[133]. Shareholder Commitments and Governance - The actual controllers and shareholders have committed to not transferring shares for 36 months post-IPO[73]. - Shareholders have agreed to comply with relevant laws and regulations regarding share lock-up[74]. - The company will ensure compliance with laws and regulations regarding related party transactions and will not use such transactions to harm the interests of the company and its shareholders[81]. - The company has committed to long-term and stable shareholding in Shanghai Xinjun Network, with any share reduction after the lock-up period limited to 25% of the held shares annually for the first two years[85]. Compliance and Legal Matters - The company is not listed as a key pollutant discharge unit and has not faced any environmental penalties[69]. - The company has complied with national environmental laws and regulations without any violations during the reporting period[69]. - There were no significant lawsuits or arbitration matters during the reporting period[94]. - The company reported no non-compliance issues or penalties involving its directors, supervisors, or actual controllers[95]. Accounting Policies and Financial Reporting - The company adheres to the accounting standards issued by the Ministry of Finance, ensuring that the financial statements accurately reflect the financial position as of June 30, 2021, and the operating results for the first half of 2021[157]. - The company uses Renminbi as its functional currency for accounting purposes[160]. - The consolidated financial statements include all subsidiaries under the company's control, reflecting the overall financial status and cash flows of the entire corporate group[163]. - The company recognizes expected credit losses for long-term receivables and other debt investments, although specific methods are not applicable in this context[20].

Financial Performance - Operating revenue for the period was CNY 99,544,184.81, representing a 23.10% increase year-on-year[5] - Net profit attributable to shareholders decreased by 10.19% to CNY 10,774,745.48 compared to the same period last year[5] - The weighted average return on net assets decreased by 2.19 percentage points to 1.41%[5] - Basic earnings per share decreased by 25.93% to CNY 0.20 per share[5] - Total operating revenue for Q1 2021 reached ¥99,544,184.81, a 23.1% increase from ¥80,867,360.96 in Q1 2020[26] - Net profit for Q1 2021 was ¥10,806,680.04, a decrease of 9.9% compared to ¥11,995,460.31 in Q1 2020[27] - Basic and diluted earnings per share for Q1 2021 were both ¥0.20, down from ¥0.27 in Q1 2020[27] Assets and Liabilities - Total assets increased by 68.89% to CNY 1,119,638,424.39 compared to the end of the previous year[5] - Current liabilities totaled CNY 174,346,406.71, down from CNY 247,100,512.82 in the previous period, indicating a reduction of approximately 29.4%[20] - The total liabilities decreased to CNY 177,983,703.11 from CNY 247,279,050.61, a reduction of approximately 28.0%[21] - The company's total equity reached CNY 941,654,721.28, compared to CNY 415,642,326.50 at the end of 2020, reflecting a growth of about 126.5%[21] - Total current assets increased to CNY 738,897,668.26 from CNY 353,071,327.63, reflecting a growth of approximately 109.5%[23] - The total non-current liabilities increased to CNY 143,445.13, reflecting a rise in lease liabilities[43] Cash Flow - Cash flow from operating activities was negative at CNY -87,244,774.27, compared to CNY -71,107,686.38 in the previous year[5] - The company reported a net cash inflow from financing activities of ¥517,202,484.77, primarily from the proceeds of the initial public offering[15] - The net cash flow from operating activities was -¥87,244,774.27, worsening from -¥71,107,686.38 year-over-year[32] - The company raised ¥523,661,156.15 through financing activities, a new source of capital compared to the previous year[33] - The net cash flow from financing activities was ¥517,202,484.77, a significant improvement from -¥21,181,044.31 in the prior year[33] Shareholder Information - The total number of shareholders at the end of the reporting period was 13,198[10] - The top shareholder, Sun Zhengyang, holds 18.55% of the shares, totaling 11,034,650 shares[10] Research and Development - Research and development expenses rose by 52.00% to ¥15,100,782.21, reflecting higher capitalized R&D investments compared to the previous year[14] - Research and development expenses rose to ¥15,100,782.21, an increase of 51.8% from ¥9,934,992.86 in Q1 2020[26] Government Subsidies - The company received government subsidies amounting to CNY 1,442,643.00 during the reporting period[8] Other Financial Metrics - The company recorded a decrease in employee compensation payable by 40.74% to ¥29,073,588.72, as bonuses from the previous year were paid out[12] - The company experienced a credit impairment loss of ¥116,599.32 in Q1 2021, compared to a gain of ¥336,728.10 in Q1 2020[26] - The company's financial expenses showed a significant improvement, reporting a net income of ¥-2,064,480.06 in Q1 2021 compared to ¥91,656.27 in Q1 2020[26]

Financial Performance - The net profit attributable to shareholders for 2020 was RMB 108,489,238.64, with the parent company achieving a net profit of RMB 78,269,120.70[4] - The company's operating revenue for 2020 was approximately ¥560.98 million, representing a year-over-year increase of 1.21% compared to ¥554.29 million in 2019[22] - The net profit attributable to shareholders for 2020 was approximately ¥108.49 million, an increase of 2.73% from ¥105.60 million in 2019[22] - The company's operating profit for 2020 was RMB 119,976,005.76, an increase of 4.82% compared to the previous year[48] - The net profit for 2020 reached RMB 108,539,941.82, representing a growth of 3.5% from RMB 105,629,028.72 in the previous year[196] - The total revenue for 2020 was RMB 560,976,966.38, indicating a significant performance metric for the year[180] - The company's total revenue for 2020 was CNY 347,930,872.44, a decrease of 1.59% compared to CNY 354,494,899.94 in 2019[197] Dividend Distribution - The company plans to distribute a cash dividend of RMB 4.00 per share, totaling approximately RMB 23,799,283.20, based on a total share capital of 59,498,208 shares[4] - The company achieved a net profit of RMB 108,489,238.64 for the year 2020, with a cash dividend distribution of RMB 23,799,283.20, representing 21.94% of the net profit attributable to ordinary shareholders[91] - The company’s cash dividend policy emphasizes cash distribution as a priority, ensuring normal operations and long-term development[91] Research and Development - The company invested RMB 54.34 million in R&D, accounting for 9.69% of its total revenue for the year[49] - Research and development expenses increased by 14.14% to approximately ¥54 million, indicating a focus on innovation[55] - The company has established R&D teams in Guangzhou, Shanghai, and Hangzhou, employing a total of 353 R&D personnel by the end of 2020[45] - The company plans to increase R&D investment to enhance product competitiveness and expand its ecosystem, particularly in smart operation management and big data log analysis[81] - The company plans to invest 300 million RMB in research and development for innovative technologies over the next three years[155] Operational Efficiency and Market Strategy - The company aims to enhance IT operational intelligence and support digital transformation for enterprises through its comprehensive service and product solutions[33] - The company focuses on providing IT data center operation and maintenance services, targeting the enterprise-level operation and data asset management market[33] - The company is focused on creating a comprehensive management level and strengthening its governance and internal control systems[82] - The company aims to broaden its industry coverage by actively expanding its customer base in sectors such as finance, government, transportation, energy, and education[82] - The company is expanding its customer base in the transportation and government sectors, contributing to revenue growth in these areas[59] Risk Management - The report includes a risk statement regarding forward-looking statements, cautioning investors about potential risks[6] - The company recognizes market risks and plans to enhance its localized marketing network in regions such as South China, East China, and Central North to better understand customer needs[83] - The company faces technology risks due to the rapid evolution of IT technologies and aims to keep pace with industry trends to maintain its competitive edge[84] Corporate Governance - The company emphasizes the importance of ensuring the accuracy and completeness of the annual report, with all board members present at the meeting[8] - The audit report issued by Lixin Certified Public Accountants was a standard unqualified opinion[8] - The company has committed to reducing related party transactions to avoid adverse impacts on its interests and those of its shareholders[102] - The company will ensure that any related party transactions are approved through proper decision-making processes[102] Shareholder Commitments - The lock-up period for shareholders of Xinju Network is set for 36 months post-IPO, during which they cannot transfer or manage their shares[95] - Shareholders must adhere to regulations from the China Securities Regulatory Commission regarding share lock-up commitments[96] - The actual controller of Xinju Network commits to avoiding any business activities that may compete directly or indirectly with the company[100] - Shareholders are liable for any legal consequences arising from violations of their commitments[96] Employee and Workforce Management - The company has a total workforce of 1,202 employees, with 314 having over 10 years of industry experience, ensuring a stable core team for sustainable growth[52] - The company employs 1,040 technical personnel, accounting for approximately 86.5% of the total workforce[158] - The company conducts internal training programs, including technical training and new employee orientation, to enhance employee skills[161] Financial Position - The total assets at the end of 2020 were approximately ¥662.92 million, reflecting a year-over-year increase of 21.18% from ¥547.04 million in 2019[22] - The total liabilities increased to RMB 247,279,050.61 in 2020 from RMB 219,934,878.08 in 2019, reflecting a rise of approximately 12.4%[189] - The owner's equity totaled RMB 415,642,326.50 as of December 31, 2020, compared to RMB 327,102,384.68 in 2019, marking an increase of around 27%[190] Market Expansion and Future Outlook - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by 2022[152] - A new marketing strategy is being implemented, aiming to increase brand awareness by 40% in the next year[152] - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25% based on new product launches and market expansion strategies[155]