Financial Performance - The company's operating revenue for the first half of 2022 was RMB 283,138,348.26, representing a 16.71% increase compared to RMB 242,601,439.49 in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2022 was RMB 22,531,352.23, a decrease of 31.28% from RMB 32,789,092.78 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was RMB 16,421,547.50, down 39.14% from RMB 26,981,602.14 in the same period last year[18]. - The total assets at the end of the reporting period were RMB 1,225,245,802.06, a decrease of 2.41% from RMB 1,255,499,510.18 at the end of the previous year[18]. - Basic earnings per share for the first half of 2022 were RMB 0.27, down 34.15% from RMB 0.41 in the same period last year[19]. - The weighted average return on net assets decreased to 2.28%, down 1.53 percentage points from 3.81% in the previous year[19]. - The company's operating profit was RMB 25,673,330.93, a decrease of 32.15% year-on-year, while net profit attributable to shareholders was RMB 22,531,352.23, down 31.28% year-on-year, primarily due to increased R&D investment[39]. - The total operating revenue for the first half of 2022 was CNY 283,138,348.26, an increase of 16.7% compared to CNY 242,601,439.49 in the same period of 2021[137]. - The total operating costs for the first half of 2022 amounted to CNY 260,151,046.97, up 23.8% from CNY 210,025,174.27 in the previous year[137]. Cash Flow and Assets - The net cash flow from operating activities was negative at RMB -102,816,023.39, compared to RMB -52,578,049.04 in the previous year, indicating a worsening cash flow situation[18]. - The company's cash and cash equivalents decreased by 35.97% to ¥574,602,578.24 from ¥897,431,534.96 at the end of the previous year[52]. - The accounts receivable increased by 41.63% to ¥86,584,070.57, mainly due to delays in customer project acceptance and payments[52]. - The total current assets of the company as of June 30, 2022, were ¥1,205,548,939.25, down from ¥1,234,269,421.34 at the beginning of the period, representing a decrease of approximately 2.3%[129]. - The company's cash flow from operating activities was CNY 204,161,830.83 in the first half of 2022, down from CNY 218,502,281.93 in the first half of 2021[143]. Research and Development - R&D expenses totaled RMB 52,968,500, representing 18.71% of operating revenue, an increase of 2.43 percentage points year-on-year[40]. - Research and development expenses for the first half of 2022 were CNY 52,968,536.19, an increase of 34.1% compared to CNY 39,491,984.35 in the same period of 2021[137]. - The company has developed various intelligent operation and maintenance platforms to support real-time and efficient operation management for clients, enhancing overall IT system stability[30]. - The company continues to promote the "Intelligent Operation FASTER Methodology" to enhance operational efficiency and support clients' digital transformation[41]. Market and Competitive Position - The IT infrastructure operation and maintenance service market in China is expected to reach approximately 323.64 billion yuan by 2023, with a compound annual growth rate of 14.32% from 2020 to 2023[26]. - The company focuses on IT data center operation and maintenance services and products, leveraging a dual-driven model of "enterprise-level products + localized services" to enhance market competitiveness[27]. - The company aims to be a guardian of stable operation for digital infrastructure, emphasizing continuous technological R&D to support digital transformation and improve service quality[27]. - The company has a high customer concentration, with the top five clients accounting for 78.61% of total sales, which poses a risk to operational performance if client relationships change[65]. Risks and Challenges - The company has indicated potential risks in its operations, which are detailed in the management discussion and analysis section of the report[5]. - The company faces technology development risks due to the increasing complexity of IT architecture and the need for rapid application delivery, emphasizing the importance of strong R&D capabilities[60]. - Market expansion risks are present as the competitive landscape in the industry is uncertain, with the company focusing on a dual-driven model of "enterprise-level products + localized services" to enhance market share[61]. - The company plans to enhance its talent acquisition and retention strategies to mitigate the risk of talent loss in a rapidly evolving industry[62]. Shareholder and Corporate Governance - The company did not distribute profits or increase capital reserves during the reporting period[3]. - The company has committed to maintaining the independence of its assets, business, personnel, and property from competing entities[87]. - The actual controller and major shareholders have pledged to minimize related party transactions and ensure fair pricing in unavoidable transactions[88]. - The company will adhere to any future regulations regarding shareholder intentions or reductions[94]. - The company has committed to pay social insurance and housing fund for employees as per regulations, ensuring compliance with relevant authorities[104]. Environmental and Social Responsibility - The company is not classified as a key pollutant discharge unit and has not faced any environmental penalties during the reporting period[74]. - The company has adhered to all relevant laws and regulations regarding environmental protection without any violations[74]. - The company has not disclosed any new environmental initiatives or measures to reduce carbon emissions in the reporting period[75]. Financial Reporting and Compliance - The company’s financial statements are prepared based on the enterprise accounting standards and reflect the financial status as of June 30, 2022[169]. - The company’s accounting policies and estimates are tailored to its operational characteristics, ensuring accurate financial reporting[168]. - The company’s financial reports are verified by Lixin Certified Public Accountants, ensuring compliance with regulatory standards[162].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 129,465,389.87, representing a year-on-year increase of 30.06%[4] - The net profit attributable to shareholders was CNY 10,247,228.11, showing a decrease of 4.90% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 7,998,473.70, down 13.30% year-on-year[4] - Basic and diluted earnings per share were both CNY 0.17, reflecting a decrease of 15.00% compared to the previous year[4] - The company reported a net profit margin of approximately 9.4% for Q1 2022, compared to 13.4% in Q1 2021[14] - The total profit for Q1 2022 was ¥12,210,174.72, a decrease from ¥13,323,405.97 in Q1 2021, representing a decline of approximately 8.34%[15] - The net profit for Q1 2022 was ¥10,257,057.44, down from ¥10,806,680.04 in Q1 2021, indicating a decrease of about 5.08%[15] - The basic and diluted earnings per share for Q1 2022 were both ¥0.17, compared to ¥0.20 in Q1 2021, reflecting a decline of 15%[15] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -103,935,940.31, which is not applicable for year-on-year comparison[4] - Cash inflow from operating activities in Q1 2022 was ¥98,206,240.25, an increase from ¥87,143,503.29 in Q1 2021, marking a growth of approximately 12.5%[17] - Cash outflow from operating activities in Q1 2022 totaled ¥202,142,180.56, compared to ¥174,388,277.56 in Q1 2021, which is an increase of about 15.93%[17] - The net cash flow from operating activities for Q1 2022 was -¥103,935,940.31, worsening from -¥87,244,774.27 in Q1 2021[17] - The company reported a net cash outflow from investing activities of -¥258,744,444.00 in Q1 2022, compared to -¥521,037.84 in Q1 2021[18] - The net cash flow from financing activities in Q1 2022 was ¥7,935,597.72, a significant decrease from ¥517,202,484.77 in Q1 2021[18] - The ending cash and cash equivalents balance for Q1 2022 was ¥542,463,935.77, down from ¥773,617,287.16 in Q1 2021, indicating a decrease of approximately 29.8%[18] Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,189,875,477.29, a decrease of 5.23% from the end of the previous year[4] - Cash and cash equivalents as of March 31, 2022, were ¥542,607,269.83, down 39.6% from ¥897,431,534.96 at the end of 2021[12] - Total assets as of March 31, 2022, amounted to ¥1,189,875,477.29, a decrease of 5.2% from ¥1,255,499,510.18 at the end of 2021[13] - Total liabilities as of March 31, 2022, were ¥203,216,987.31, down 27.2% from ¥279,098,077.64 at the end of 2021[13] - The company’s total equity as of March 31, 2022, was ¥986,658,489.98, an increase of 1.3% from ¥976,401,432.54 at the end of 2021[13] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,019[9] - The equity attributable to shareholders increased slightly by 1.05% to CNY 986,374,443.32 compared to the end of the previous year[4] Operational Insights - The increase in operating revenue was primarily due to the company's digital transformation strategy and successful acquisition of benchmark client projects[8] - Total operating costs for Q1 2022 were ¥119,197,052.53, up 35.5% from ¥87,886,915.50 in Q1 2021[14] - Operating profit for Q1 2022 was ¥12,210,512.05, a decrease of 8.3% from ¥13,323,405.97 in Q1 2021[14] - Research and development expenses for Q1 2022 were ¥21,363,066.18, an increase of 41.4% from ¥15,100,782.21 in Q1 2021[14] - Inventory as of March 31, 2022, was ¥70,033,805.56, a decrease of 14.3% from ¥81,716,567.45 at the end of 2021[12] - The company did not report any new product launches or significant market expansion strategies during this quarter[15]

Financial Performance - The net profit attributable to shareholders for 2021 was RMB 69,254,724.42, with the parent company achieving a net profit of RMB 30,372,615.73[4]. - The company's operating revenue for 2021 was CNY 591,436,745.50, representing a 5.43% increase compared to CNY 560,976,966.38 in 2020[20]. - The net profit attributable to shareholders decreased by 36.16% to CNY 69,254,724.42 from CNY 108,489,238.64 in the previous year[21]. - The net profit after deducting non-recurring gains and losses decreased by 43.64% to CNY 55,909,512.43 in 2021 from CNY 99,205,983.17 in 2020[21]. - Basic and diluted earnings per share fell by 51.03% to CNY 1.19 in 2021, down from CNY 2.43 in 2020[21]. - The cash flow from operating activities for 2021 was CNY 78,932,305.36, a decrease of 13.78% from CNY 91,551,896.46 in 2020[20]. - The company reported a total of CNY 10,732,010.79 in government subsidies for 2021, compared to CNY 10,574,600.14 in 2020[24]. - The weighted average return on net assets decreased by 21.92 percentage points to 7.57% in 2021 from 29.49% in 2020[21]. Profit Distribution and Capital Increase - The company plans to distribute a cash dividend of RMB 2.50 per 10 shares, totaling approximately RMB 14,874,552.00[4]. - A capital reserve increase is proposed, with a plan to issue 4 new shares for every 10 shares held, resulting in a total share capital increase to 83,297,492 shares[5]. - The statutory surplus reserve of RMB 3,037,261.57 was allocated, representing 10% of the net profit for the year[4]. - The company emphasizes the importance of future business development and funding needs in its profit distribution strategy[4]. - The proposed profit distribution and capital increase plan are subject to approval at the 2021 annual general meeting of shareholders[124]. Research and Development - R&D expenses totaled RMB 86,969,200, representing 14.70% of operating revenue, an increase of 5.01 percentage points year-on-year[35]. - The company plans to enhance its R&D investment and continuously update its technology and products to strengthen its industry competitiveness and market share[42]. - The company has established a comprehensive product system for intelligent operation and maintenance, supporting critical business systems for clients[42]. - The company has developed a full-stack database operation and maintenance capability, covering both mainstream commercial and open-source database products[44]. - Research and development expenses increased by 18%, totaling 150 million RMB, focusing on AI and machine learning technologies[101]. Market and Client Base - The company served 189 clients across various sectors, including telecommunications, finance, and government, indicating a diversified client base[37]. - The company is focused on digital transformation, aligning with national strategies to enhance the digital economy, which is projected to account for 10% of GDP by 2025[40]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share in the region by 2023[101]. - The top five customers accounted for 80.45% of the total annual sales, with China Mobile Communications Co., Ltd. alone contributing 65.08%[58][59]. Governance and Management - The company’s legal representative is Sun Zhengyang, who was elected as the chairman of the board on February 20, 2022[14]. - The total pre-tax remuneration for directors and senior management during the reporting period amounts to 8.279128 million yuan[98]. - The company has a diverse board with members holding positions in various sectors, enhancing its strategic oversight capabilities[105]. - The company has established a clear process for determining the remuneration of its board members, aligning it with industry standards and company performance[106]. - The company held multiple board meetings throughout 2021, with a total of 10 meetings conducted, 8 via communication and 2 combining on-site and communication methods[110]. Risks and Compliance - The report includes a risk statement regarding forward-looking statements, cautioning investors about potential risks[6]. - The company faces risks related to rapid technological changes, market expansion uncertainties, and potential talent retention challenges, which could impact its competitive edge[86]. - The company has not faced any administrative penalties related to environmental issues during the reporting period, adhering to national environmental laws and regulations[131]. - The company has implemented a performance evaluation mechanism for senior management, which includes a basic salary, year-end performance pay, and project bonuses based on industry conditions and operational performance[127]. Shareholder Commitments - The actual controllers of the company have committed not to transfer or entrust the management of their shares for 36 months from the date of the IPO[135]. - If the share price falls below the issue price for 20 consecutive trading days within 6 months post-IPO, the lock-up period will automatically extend by at least 6 months[142]. - Shareholders have agreed to comply with relevant laws and regulations regarding share lock-up commitments[137]. - The company will ensure that related party transactions are conducted based on fair pricing principles and legal agreements[147]. Audit and Internal Control - The audit report issued by Lixin Certified Public Accountants was a standard unqualified opinion[7]. - The internal control system was established in compliance with legal regulations, ensuring effective management and protection of shareholder interests[128]. - The company received a standard unqualified opinion in the internal control audit report for the fiscal year 2021, confirming the effectiveness of its internal control[129]. Assets and Liabilities - The total assets rose by 89.39% to CNY 1,255,499,510.18 at the end of 2021, up from CNY 662,921,377.11 at the end of 2020[20]. - The company's cash and cash equivalents increased by 151.14% to ¥897,431,534.96, primarily due to the funds raised from the initial public offering[67]. - The company has no overdue guarantees and no contingent liabilities related to guarantees[182]. - The company has not reported any major asset or equity acquisitions or disposals during the reporting period[179].

Financial Performance - The company's operating revenue for Q3 2021 was ¥142,821,340.10, representing an increase of 8.53% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2021 was ¥5,589,133.18, showing a growth of 13.81% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 9.86% to ¥3,524,713.85 in Q3 2021[5] - Net profit for the third quarter of 2021 was ¥38,400,134.98, a decrease of 32.4% from ¥56,884,097.63 in the same quarter of 2020[22] - Basic and diluted earnings per share for the third quarter of 2021 were both ¥0.66, down from ¥1.27 in the same quarter of 2020[23] - The net profit attributable to shareholders for the year-to-date period decreased by 32.54% to ¥38,378,225.96, primarily due to increased R&D investments[10] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,145,711,925.76, an increase of 72.83% compared to the end of the previous year[6] - The total assets as of September 30, 2021, amounted to CNY 1,145,711,925.76, an increase from CNY 662,921,377.11 at the end of 2020[16] - The total current liabilities decreased to CNY 193,660,555.66 from CNY 247,100,512.82, indicating a reduction of about 21.6%[17] - Total liabilities as of the end of the third quarter of 2021 amounted to ¥200,263,032.74, compared to ¥247,279,050.61 at the end of the same quarter in 2020[21] - The total liabilities rose to 254,664,543.89 RMB, with a notable increase in non-current liabilities due to the implementation of the new leasing standard[29] Shareholder Information - The company reported a total of 9,382 common shareholders at the end of the reporting period[12] - The top shareholder, Sun Zhengyang, holds 11,034,650 shares, representing 18.55% of the total shares[12] Cash Flow - The company reported a net cash flow from operating activities of -¥35,819,274.06 for the year-to-date period, indicating a significant cash outflow[5] - Cash flow from operating activities for the first three quarters of 2021 was negative at -¥35,819,274.06, an improvement from -¥74,463,294.91 in the same period of 2020[23] - The company reported a total of ¥388,079,034.31 in cash inflows from operating activities for the first three quarters of 2021, compared to ¥306,918,861.25 in 2020, marking a 26.5% increase[23] - The net cash flow from investment activities was -188,108,883.12 RMB, indicating a significant outflow compared to the previous period[24] - The total cash inflow from financing activities reached 555,661,156.15 RMB, a substantial increase from 47,240,916.68 RMB in the prior period[24] - The net cash flow from financing activities was 466,629,459.66 RMB, showing a positive shift from -35,500,135.68 RMB previously[24] - The company's cash and cash equivalents at the end of the period totaled 586,880,197.42 RMB, up from 344,179,685.64 RMB at the beginning of the period[24] Equity and Earnings - The equity attributable to shareholders increased by 127.52% to ¥945,243,448.73 compared to the end of the previous year[6] - The company's total equity increased to ¥945,448,893.02 by the end of the third quarter of 2021, up from ¥415,642,326.50 in the same period of 2020[21] - The basic earnings per share for Q3 2021 was ¥0.09, a decrease of 18.18% compared to the same period last year[6] - The diluted earnings per share also stood at ¥0.09, reflecting the same percentage decrease of 18.18% year-on-year[6] - The weighted average return on equity decreased by 0.77 percentage points to 0.59% in Q3 2021[6] Research and Development - Research and development expenses for the first three quarters of 2021 totaled ¥67,074,676.82, significantly higher than ¥41,541,115.85 in 2020, indicating a 61.5% increase[21] Inventory and Receivables - The company's accounts receivable rose to CNY 69,238,569.31, compared to CNY 66,705,887.49 in the previous year, showing a growth of approximately 3.8%[16] - The inventory increased to CNY 57,830,292.67 from CNY 51,283,978.08, representing an increase of about 12.8%[16] Other Information - The company has not disclosed any significant new strategies or product developments during the reporting period[14] - The company has implemented new leasing standards, resulting in an increase in right-of-use assets and corresponding lease liabilities[29]

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]