Group 1: Product Pricing and Market Conditions - The company's product pricing varies by industry, with stable prices in the telecommunications sector and a recovery in the political and government sector compared to 2020 [1] - The financial sector's product pricing falls between that of the telecommunications and political sectors [1] Group 2: Revenue Confirmation and Adjustments - As of Q1 2022, part of the previously reported revenue of 88.07 million has been confirmed, with full confirmation dependent on final financial calculations [1] Group 3: Development of IT Applications in Government - The replacement of IT systems in government departments involves dozens to hundreds of products, indicating a long-term process aligned with national planning [2] - The pace of implementation varies by province and government agency, reflecting different procurement strategies [2] Group 4: Share Buyback and Shareholder Actions - The company has not yet implemented a share buyback, adhering to relevant regulations and plans [2] - Recent announcements from original shareholders regarding share reduction are due to personal financial needs, with prices determined by market conditions at the time of reduction [2]

2022 年第三季度报告 证券代码：688058 证券简称：宝兰德 北京宝兰德软件股份有限公司 2022 年第三季度报告 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、准确性和完整性依法承担法律责任。 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。 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 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 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比上 | | 年初至报告期末比 | | --- | --- | --- | --- | --- | | | | 年同期增减变 | 年初至报告期末 | 上年同期增减变动 | | | | 动幅度(%) | | 幅度(%) | | 营业收入 | 53,974,033.72 | 31.75 | 161,473,252.65 | 26.34 | | ...

Financial Performance - The company reported a revenue of 200 million CNY for the first half of 2022, representing a 15% increase compared to the same period in 2021[1]. - The company expects a revenue growth of 20% for the full year 2022, projecting total revenue to reach 400 million CNY[1]. - The company's operating revenue for the first half of 2022 was ¥107,499,218.93, representing a 23.78% increase compared to ¥86,846,117.76 in the same period last year[24]. - The net profit attributable to shareholders for the first half of 2022 was -¥3,928,756.02, a decrease of 127.95% from ¥14,057,070.00 in the previous year[24]. - The net cash flow from operating activities for the first half of 2022 was -¥44,532,584.33, compared to -¥37,147,138.74 in the previous year, indicating a worsening cash flow situation[24]. - The company reported a total revenue of 50,000.00 million for the year ending March 2022, with a net profit of 35,885.26 million, reflecting a significant performance in the public security sector[87]. - The company reported a total revenue of 320,000.00 million for the monitoring platform in April 2022, with a year-on-year increase of 2.5%[97]. - The company achieved a revenue of 1,000,000.00 in software management for the year ending June 2022, reflecting a growth from 907,664.44 in the previous period[19]. - The company achieved a revenue of 1,700,000.00 in its software segment, reflecting a growth from 1,086,413.09 in the previous period[103]. - The company reported a total of 3,400,000.00 in revenue from database software, with a year-on-year growth of 39%[114]. User Growth and Engagement - User data showed a growth of 25% in active users, reaching 1.5 million by the end of June 2022[1]. - The company plans to implement a new marketing strategy focusing on digital channels, aiming for a 15% increase in customer engagement[1]. Research and Development - The company is investing 50 million CNY in R&D for new technologies aimed at enhancing software performance[1]. - The company achieved a total R&D investment of ¥37,998,313.47, representing a 33.40% increase compared to ¥28,485,030.71 in the same period last year[75]. - R&D investment accounted for 35.35% of operating revenue, an increase of 2.55 percentage points from 32.80% in the previous year[75]. - The company obtained 4 new invention patents during the reporting period, bringing the total to 15 patents[73]. - The company has a total of 296 R&D personnel, representing 44.78% of the total workforce, an increase from 233 personnel in the previous year[125]. Market Expansion and Strategy - Market expansion efforts have led to the establishment of two new subsidiaries in southern China, expected to increase regional sales by 30%[1]. - The company has completed a strategic acquisition of a smaller tech firm for 100 million CNY to enhance its product offerings[1]. - The company is focused on expanding its infrastructure software and intelligent operation services, with a strong emphasis on cloud-native application middleware products[31]. - The company is actively expanding into industries such as energy, military, and education, leveraging national policy support[144]. - The company is well-positioned to capitalize on the growing market opportunities in PaaS, big data, and AI, as these sectors are still in the early stages of development[56]. Product Development and Innovation - The company is actively investing in new technologies like 5G, IoT, and AI, aligning with national innovation initiatives to enhance its product offerings[65]. - The company has developed a diverse range of middleware products, including application servers, transaction middleware, and cloud computing platforms, enhancing its capabilities in cloud-native applications[61]. - The company completed the V3.0 version of its intelligent operation and maintenance platform, enhancing its closed-loop processing capabilities and integrating AI functionalities[18]. - The company is focusing on the development of domestic alternatives to enhance operational efficiency and reduce reliance on foreign technologies[82]. - The company is committed to improving the monitoring functionality for mainstream container platforms and increasing the coverage of its service components[21]. Risks and Challenges - The management highlighted potential risks including increased competition and regulatory changes that could impact future growth[1]. - The company faces high market barriers due to the significant investment required by clients in software infrastructure, leading to strong customer retention and loyalty[54]. - The company faces market competition risks as it competes with established international IT firms like IBM and Oracle in the middleware software sector[156]. - The company faced risks related to macroeconomic fluctuations and potential impacts from the ongoing COVID-19 pandemic on its operations[161]. Shareholder and Financial Management - The board approved a profit distribution plan, proposing a dividend payout of 0.5 CNY per share for shareholders[1]. - The company plans to implement a shareholder return plan for the next three years (2022-2024) to enhance shareholder value[183]. - The company granted 640,000 restricted stocks to 76 incentive targets at a price of 50.00 CNY per share on January 12, 2022[184]. - The company has not disclosed any new employee stock ownership plans or other incentive measures during the reporting period[185]. - The company has a commitment to not transfer or manage shares for 12 months post-IPO, ensuring stability in shareholding[192]. Compliance and Governance - The company confirmed that all resolutions passed during the shareholder meeting were legal and valid, with no rejected proposals[181]. - The company will ensure that any share reduction complies with the Company Law and Securities Law of China[196]. - The company has achieved CMMI Level 3 certification, indicating effective R&D management and process compliance[127].

Financial Performance - The company's operating revenue for 2021 was CNY 199,839,475.80, representing a 9.65% increase from CNY 182,260,206.51 in 2020[23]. - The net profit attributable to shareholders for 2021 was CNY 26,820,613.19, a decrease of 56.07% compared to CNY 61,055,136.92 in 2020[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 13,201,514.57, down 73.19% from CNY 49,239,726.23 in 2020[23]. - The net cash flow from operating activities for 2021 was CNY -6,239,878.25, a significant decline from CNY 26,871,698.94 in 2020[23]. - As of the end of 2021, the net assets attributable to shareholders were CNY 952,398,365.60, a decrease of 2.85% from CNY 980,380,212.25 at the end of 2020[23]. - Total assets at the end of 2021 were CNY 992,327,122.35, down 2.56% from CNY 1,018,442,219.74 at the end of 2020[23]. - The company's basic earnings per share decreased by 56.21% to CNY 0.67, and diluted earnings per share decreased by 55.92% to CNY 0.67 compared to the previous year[25]. - The company's weighted average return on equity fell by 3.58 percentage points to 2.79%[25]. - The company reported a total revenue of 701,942 million, reflecting a growth of 61% compared to the previous year[96]. - The company reported a total revenue of 720,000 in 2021, reflecting a growth of 16.2% compared to the previous year[97]. - The company reported a total revenue of 56,322 million RMB for the year 2021, with a significant increase in user engagement through its messaging services[104]. Dividend and Share Capital - The company plans to distribute a cash dividend of 6 CNY per 10 shares, totaling 24 million CNY (including tax), which represents 89.48% of the net profit attributable to shareholders for 2021[5]. - The company will increase its total share capital from 40 million shares to 56 million shares by distributing 4 additional shares for every 10 shares held, resulting in a total of 16 million shares being distributed[5]. - The profit distribution plan has been approved by the board and will be submitted to the shareholders' meeting for review[7]. - The company is still in the process of share repurchase and will not participate in this profit distribution[5]. Operational Risks and Governance - The company has detailed various operational risks and corresponding countermeasures in the report[4]. - The company has not reported any non-operational fund occupation by controlling shareholders or related parties[9]. - The company has not disclosed any special arrangements for corporate governance[8]. - The board of directors and supervisory board members have confirmed the authenticity, accuracy, and completeness of the annual report[4]. Research and Development - R&D expenses increased by 68.07% year-on-year, accounting for 33.99% of operating revenue, reflecting a significant investment in talent and technology[26]. - The total R&D expenditure reached CNY 67.92 million, accounting for 33.99% of operating revenue, up from 22.17% in the previous year[89]. - The company has obtained 8 new invention patents and 49 software copyrights during the reporting period, bringing the total to 11 invention patents and 141 software copyrights[85]. - The company is focusing on enhancing its product capabilities and technical levels through increased investment in research and development[72]. - The company has developed new middleware products, including cloud and microservices versions of application servers, which have been widely adopted across various industries[114]. Market and Product Development - The company has expanded its smart operation products to over 10 provinces in China, enhancing IT operation support for clients[34]. - The company launched several new middleware products, including a cloud management platform and a data integration platform, enriching its product offerings[36]. - The company introduced a new infrastructure monitoring software and an intelligent operation orchestration software, enhancing its monitoring capabilities[37]. - The company has integrated its product offerings into solutions like container cloud solutions and intelligent operation solutions, improving customer experience[39]. - The company is focusing on expanding its product offerings in cloud-native middleware to meet evolving enterprise needs[44]. - The company is actively involved in industry standards and collaborations to strengthen its market position[44]. - The company aims to enhance user satisfaction and product reliability, responding to the increasing demand for IT system stability and availability[45]. Sales and Revenue Growth - The company achieved operating revenue of CNY 199.84 million, a year-on-year increase of 9.65%[135]. - The financial sector saw a revenue increase of 706.98%, with income rising from 164.41 million yuan to 1,326.75 million yuan[146]. - The government sector's revenue increased by 71.22%, from 4,083.99 million yuan to 6,992.59 million yuan[146]. - The infrastructure software sales business grew by 4,225.01 million yuan, a growth rate of 63.25%[145]. - The smart operation software service revenue decreased by 1,398.04 million yuan, a decline of 51.07%[145]. - The direct sales model revenue decreased by 2.73%, while the distribution model revenue increased by 29.50%[143]. Challenges and Risks - The company faces market competition risks, particularly from established international IT firms like IBM and Oracle, which dominate the middleware software market[126]. - The company’s cash flow from operating activities turned negative at CNY -6.24 million, a significant decline compared to the previous year[139]. - The company significantly increased sales and R&D expenses, leading to a substantial cash outflow, as these investments have not yet translated into effective revenue[170]. - The company has 72 invention patents pending, which poses a risk if they are not granted, potentially affecting technological competitiveness[124]. Future Outlook - The company aims to enhance its competitive edge by offering customized development services tailored to high-value clients' specific needs[49]. - The company plans to expand its market presence through new product offerings and technology advancements in the coming year[106]. - The company is focusing on developing a distributed high-performance analytical database, aiming to replace existing Hadoop systems, with a project budget of 3,700,000[99]. - The company is exploring opportunities in the digital economy by increasing investments in big data technologies and applications across various industries[82].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 63,003,695.98, representing a year-on-year increase of 90.61%[5] - Net profit attributable to shareholders was CNY 14,217,126.91, showing a significant increase of 428.17% compared to the same period last year[5] - The basic earnings per share for the period was CNY 0.36, reflecting a growth of 414.29% year-on-year[6] - The net profit after deducting non-recurring gains and losses was CNY 12,313,165.10, also reflecting a substantial increase of 428.21%[5] - The net profit attributable to the parent company increased from RMB 4.35 million to RMB 14.22 million, representing a significant growth of 226.3%[15] - The net profit after deducting non-recurring gains and losses rose from RMB 3.75 million to RMB 12.31 million, marking an increase of 228.3%[15] - Net profit for Q1 2022 reached CNY 13,724,820.81, compared to CNY 2,761,676.64 in Q1 2021, representing a growth of 396.5%[26] - The company reported a total comprehensive income of CNY 13,724,820.81 for Q1 2022, compared to CNY 2,761,676.64 in Q1 2021, marking a significant increase[26] Research and Development - Research and development expenses totaled CNY 18,765,914.57, which is an increase of 49.44% compared to the previous year[6] - The company reported a decrease in the proportion of R&D expenses to operating revenue, which was 29.79%, down by 8.20 percentage points[6] - Research and development expenses for Q1 2022 totaled CNY 18,765,914.57, an increase of 49.3% from CNY 12,557,864.77 in Q1 2021[25] - Research and development expenses for Q1 2022 were ¥11,566,120.87, an increase of 31.5% from ¥8,807,169.91 in Q1 2021[33] Cash Flow and Liquidity - Cash flow from operating activities was negative at CNY -40,364,950.67, primarily due to a decrease in accounts receivable collections[6] - Cash flow from operating activities in Q1 2022 was negative at CNY -40,364,950.67, compared to CNY -14,957,219.82 in Q1 2021[27] - The net cash flow from investment activities was -¥13,125,350.96, a decrease from a positive cash flow of ¥21,583,749.58 in the previous year[28] - The company's cash and cash equivalents at the end of Q1 2022 were ¥606,957,230.21, down from ¥661,648,739.26 at the beginning of the quarter[28] - The net cash flow from operating activities was negative at ¥26.51 million for Q1 2022, worsening from a negative ¥17.21 million in Q1 2021[37] - The company reported a total cash outflow of ¥66.95 million from operating activities in Q1 2022, up from ¥56.98 million in Q1 2021, representing an increase of 17.5%[37] Assets and Liabilities - The total assets at the end of the reporting period were CNY 991,741,524.06, a slight decrease of 0.06% from the end of the previous year[6] - Total assets as of March 31, 2022, were RMB 991.74 million, slightly down from RMB 992.33 million at the end of 2021[20] - Current liabilities decreased to RMB 16.86 million from RMB 31.95 million, a reduction of 47.3%[20] - The total liabilities as of Q1 2022 amounted to CNY 25,243,675.80, a decrease from CNY 39,554,419.59 in the previous year[25] - The total liabilities decreased to ¥17,010,281.38 in Q1 2022 from ¥30,523,887.17 at the end of 2021, indicating improved financial health[31] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 3,762[12] - Total equity attributable to shareholders reached CNY 966,615,492.51, compared to CNY 952,398,365.60 in Q1 2021, showing a slight increase of 1.3%[25] - The total equity increased to ¥1,018,660,449.34 as of March 31, 2022, from ¥992,320,444.58 at the end of 2021[32] Compliance and Reporting - The company plans to enhance management and improve information disclosure quality to avoid discrepancies in future reports[16] - The company has acknowledged the need for stricter compliance with legal regulations to ensure accurate financial reporting[16] - The financial data for this period is unaudited, and investors are advised to be cautious regarding investment risks[17] Sales and Expenses - Total operating costs for Q1 2022 were CNY 54,347,817.96, up from CNY 33,801,318.04 in Q1 2021, reflecting a year-over-year increase of 60.7%[25] - Sales expenses for Q1 2022 were CNY 29,889,631.02, up from CNY 17,991,731.10 in Q1 2021, indicating a rise of 66.5%[25] - The company received ¥30.20 million from sales of goods and services in Q1 2022, down from ¥33.30 million in Q1 2021, a decline of 9.3%[36] - The company paid ¥35.95 million in employee-related cash payments in Q1 2022, which is an increase of 56.5% compared to ¥22.96 million in Q1 2021[37] Other Information - The company did not report any new product launches or significant market expansion strategies during the quarter[38]

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB, representing a 15% year-over-year growth[22]. - The company's operating revenue for 2021 was CNY 199,839,475.80, representing a year-on-year increase of 9.65% compared to CNY 182,260,206.51 in 2020[23]. - The net profit attributable to shareholders decreased by 56.07% to CNY 26,820,613.19 from CNY 61,055,136.92 in the previous year[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 73.19% to CNY 13,201,514.57 compared to CNY 49,239,726.23 in 2020[25]. - Basic earnings per share dropped by 56.21% to CNY 0.67 from CNY 1.53 in 2020[23]. - The weighted average return on equity decreased by 3.58 percentage points to 2.79% from 6.37% in 2020[24]. - The company's total revenue for the year was 14,388 million, with no change in shares held by the chairman[197]. Dividend and Share Capital - The company plans to distribute a cash dividend of 6 CNY per 10 shares, totaling 24 million CNY (including tax), which represents 89.48% of the net profit attributable to shareholders for 2021[5]. - The company will increase its total share capital from 40 million shares to 56 million shares by distributing 4 additional shares for every 10 shares held, resulting in a total of 16 million shares being distributed[5]. - The profit distribution plan has been approved by the board and will be submitted to the annual general meeting for further approval[7]. Research and Development - The company is investing 100 million RMB in R&D for new technologies, focusing on AI and machine learning applications[22]. - The company's R&D expenses increased by 68.07% year-on-year, significantly impacting overall costs[25]. - The proportion of R&D investment to operating revenue increased by 11.82 percentage points to 33.99%[24]. - The company has established a dual development strategy focusing on infrastructure software and intelligent operation software, enhancing its product offerings in middleware and cloud-native applications[44]. - The company has developed a complete solution for cloud-native middleware, integrating traditional middleware and emerging fields such as containers and microservices[83]. Market Expansion and Strategy - The company is expanding its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[22]. - The company has set a target to increase its international sales by 30% over the next three years, focusing on North American markets[22]. - The company is actively pursuing market expansion and technological integration to support the full lifecycle of application development, production, and operations[83]. - The company is focusing on expanding its market presence through strategic partnerships and product innovations, aiming for a more robust service offering[96]. Operational Efficiency - The gross margin improved to 60%, up from 55% in the previous year, indicating better cost management[22]. - The company plans to enhance its IT operations with the introduction of intelligent operations software, aiming to reduce operational costs by 15%[22]. - The company has optimized its talent structure and implemented training programs to enhance employee skills, ensuring sustainable development[43]. - The company is focusing on enhancing application security through RASP technology, which provides real-time detection of external attacks and potential vulnerabilities[95]. Risks and Challenges - The company has detailed various operational risks and corresponding countermeasures in the report[4]. - The company faces high technical barriers in middleware and cloud management platform development, requiring extensive expertise in various foundational technologies[62][63]. - The company is facing risks related to macroeconomic fluctuations, which could impact demand in key sectors such as government and finance[132]. - The ongoing COVID-19 pandemic continues to pose risks to the company's operational performance[134]. Product Development and Innovation - New product launches included the BES CloudLink Ops and BES DataLink DI, aimed at enhancing cloud management capabilities[22]. - The company has launched a variety of middleware products, including application servers and data integration platforms, to support cloud-native transformations[74]. - The company is actively investing in new technologies such as 5G, IoT, and AI, positioning itself to leverage these advancements for operational innovation[77]. - The company has achieved a certain first-mover advantage in AI applications in the operations and maintenance field, with successful implementations across various client scenarios[84]. Customer Base and Sales Model - The direct sales model is the main method for selling software products and services, targeting large enterprise clients such as China Mobile and the financial sector[48]. - The company’s revenue primarily comes from the sales of self-developed software products and after-sales technical services[47]. - The company has successfully penetrated the financial sector, with its products now used by major institutions such as China Merchants Bank and China Life Insurance, replacing foreign products like those from IBM and Oracle[70]. Awards and Recognition - The company received multiple awards for its advanced R&D capabilities and core technologies during the reporting period, including the "Outstanding Innovative Solution" award from the China Information Association in March 2021[41]. - The company was recognized as one of the "Top 40 Innovative Enterprises" by the Economic Reference Newspaper in October 2021[42]. - The company’s AIOPS solution won third place in an international competition, showcasing its capabilities in AI and IT operations[114].

Financial Performance - The company's operating revenue for Q3 2021 was CNY 40,966,704.72, representing a year-on-year increase of 0.06%[5] - The net profit attributable to shareholders for Q3 2021 was a loss of CNY 8,112,394.06, a decrease of 157.67% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was a loss of CNY 10,719,988.21, a decrease of 231.03% year-on-year[5] - The basic earnings per share for Q3 2021 was -CNY 0.20, a decrease of 150.00% compared to the same period last year[6] - The weighted average return on equity for Q3 2021 was -0.87%, a decrease of 0.53 percentage points year-on-year[6] - Total operating revenue for the first three quarters of 2021 reached ¥127,812,822.48, a significant increase from ¥73,192,217.45 in the same period of 2020, representing an increase of approximately 74.7%[24] - Net profit for the first three quarters of 2021 was ¥5,547,717.36, a substantial rise from ¥951,113.40 in the same period of 2020, reflecting a growth of approximately 482%[25] - Total comprehensive income attributable to the parent company reached CNY 5,944,675.94, an increase from CNY 1,006,620.55 in the previous period[26] - Basic and diluted earnings per share both stood at CNY 0.15, compared to CNY 0.03 in the same period last year[26] Assets and Liabilities - The total assets at the end of the reporting period were CNY 953,919,365.37, a decrease of 6.34% compared to the end of the previous year[6] - The company's total assets as of the end of the third quarter of 2021 were ¥953,919,365.37, compared to ¥1,018,442,219.74 at the end of the previous year, showing a decrease of approximately 6.4%[22] - Total liabilities for the third quarter of 2021 were ¥23,374,202.62, down from ¥36,444,774.35 in the previous year, indicating a reduction of about 35.8%[22] - The company's equity attributable to shareholders was ¥929,324,888.19, compared to ¥980,380,212.25 in the previous year, reflecting a decrease of approximately 5.2%[22] - The company reported a capital reserve of 715,447,978.72, indicating strong financial backing[34] - The total assets reported were 1,024,046,597.18, reflecting the company's overall financial health[35] Cash Flow - The cash flow from operating activities for the year-to-date was -CNY 44,235,637.51, reflecting a decrease of 206.38%[6] - Cash inflow from operating activities totaled CNY 149,634,849.18, up from CNY 103,605,397.76 year-over-year[29] - Net cash flow from operating activities was negative at CNY -44,235,637.51, worsening from CNY -14,438,303.72 in the previous year[29] - Cash inflow from investment activities was CNY 1,336,236,678.36, significantly higher than CNY 506,514,679.27 in the prior year[29] - Net cash flow from investment activities improved to CNY 329,077,826.65 from CNY 2,367,412.61 year-over-year[29] - Cash and cash equivalents at the end of the period increased to CNY 693,589,794.60, compared to CNY 503,943,265.61 at the end of the previous year[30] Research and Development - Research and development expenses for Q3 2021 amounted to CNY 21,783,493.15, an increase of 71.96% year-on-year, accounting for 53.17% of operating revenue[6] - Research and development expenses for the first three quarters of 2021 amounted to ¥50,268,523.86, up from ¥29,682,001.00 in 2020, marking an increase of about 69.5%[24] - The company plans to continue increasing R&D investment to enhance its core competitiveness in the long term[10] - The company is actively pursuing market expansion and technological advancements through its R&D efforts, as evidenced by the increase in patents and software copyrights[15] Intellectual Property - The company has obtained 2 new invention patents and applied for 7 additional patents during the reporting period, bringing the total number of pending invention patents to 73[15] - The company has acquired 23 new software copyrights, resulting in a total of 127 software copyrights held as of the end of the reporting period[16] - The company has a total of 17 registered trademarks as of the end of the reporting period[15] Shareholder Information - The top shareholder, Yicundao, holds 14,388,000 shares, representing 35.97% of the total shares[12] - The company’s total equity attributable to shareholders was 980,380,212.25, showcasing robust shareholder value[34] Investments and Contracts - The company plans to increase its investment in its wholly-owned subsidiary, Changsha Baolande Software Development Co., Ltd., with a total capital increase of RMB 71 million to support project implementation[17] - The company has signed a contract to purchase a property in Changsha with a total price of RMB 38,230,320 for a building area of 6,371.72 square meters[18] Accounts Receivable - The company reported accounts receivable of RMB 196,583,649.43 as of September 30, 2021, compared to RMB 174,768,416.83 at the end of 2020, indicating an increase in receivables[19]

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the first half of 2021, representing a year-on-year increase of 15% compared to the same period in 2020[1]. - The company's operating revenue for the first half of 2021 was ¥86,846,117.76, representing a 169.30% increase compared to ¥32,249,111.98 in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2021 was ¥14,057,070.00, a 238.32% increase from ¥4,154,939.21 in the previous year[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥11,335,783.88, compared to a loss of ¥2,769,805.13 in the same period last year, marking a 509.26% increase[21]. - The basic earnings per share for the first half of 2021 was ¥0.35, up 250.00% from ¥0.10 in the previous year[22]. - The diluted earnings per share for the first half of 2021 was also ¥0.35, reflecting a 250.00% increase compared to the previous year[22]. - The weighted average return on net assets increased by 1.00 percentage points to 1.44% compared to 0.44% in the previous year[22]. - The total comprehensive income for the first half of 2021 was ¥14,012,061.60, compared to ¥3,360,511.50 in the same period of 2020, showing an increase of approximately 316.5%[189]. Research and Development - Investment in R&D increased by 25% year-on-year, focusing on new software solutions and middleware technologies[1]. - The total R&D investment for the period was ¥28,485,030.71, an increase of 67.42% compared to ¥17,014,148.69 in the previous period[72]. - The company's R&D expenditure as a percentage of operating revenue was 32.80%, a decrease of 19.96 percentage points[23]. - The company has developed key core technologies including Java application server performance optimization and distributed application reliability processing technology during the reporting period[62]. - The company has obtained 3 new authorized invention patents and applied for 6 new invention patents, totaling 66 invention patents in the application process by the end of the reporting period[64]. - The company has developed a complete set of core middleware technologies and achieved CMMI Level 3 certification, indicating effective R&D management[95]. Market Expansion and Strategy - The company expects a revenue growth of 10-15% for the second half of 2021, driven by new product launches and market expansion strategies[1]. - The company plans to expand its market presence in Southeast Asia, targeting a 5% market share by the end of 2022[1]. - The company focuses on enterprise-level infrastructure software, with a product portfolio that includes middleware and intelligent operation software[28]. - The company is actively participating in the development of standards for smart middle platforms, focusing on 5G, IoT, and edge computing technologies to drive innovation[57]. - The company is expanding its digital economy initiatives, leveraging its expertise in big data technology to explore market opportunities in various industries[61]. Operational Challenges - The company has identified key risks including market competition and regulatory changes, with mitigation strategies outlined in the report[1]. - The net cash flow from operating activities for the first half of 2021 was -¥37,147,138.74, a significant decrease compared to ¥5,908,422.92 in the same period last year, representing a -728.71% change[21]. - Operating costs surged by 4,819.75%, reaching 3.36 million yuan, primarily due to increased external service costs associated with software service revenue[124]. - The company experienced a significant seasonal fluctuation risk in performance, with software sales primarily recognized in the second half of the year[119]. Subsidiaries and Investments - The company established three wholly-owned subsidiaries in 2021, with registered capital totaling 2 million yuan, aimed at expanding its market presence[132]. - The financial performance of the subsidiaries shows a mix of revenues and significant net losses, highlighting the need for strategic adjustments[137]. - The company has not proposed any profit distribution or capital reserve transfer plans for the half-year period[141]. Environmental and Compliance - The company is not classified as a key pollutant discharge unit and does not require a pollution discharge permit due to its nature as a software and information technology service provider[145]. - The company promotes paperless office practices to reduce resource waste and actively focuses on the positive role of information technology in environmental protection[146]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[145]. Shareholder Information - The actual controller and shareholders have committed not to transfer or entrust others to manage their shares for 36 months from the date of the company's stock listing[149]. - The company has a share transfer limit of 25% for directors and senior management during their tenure and within six months after leaving[150]. - The company will notify three trading days in advance before any share reduction by major shareholders[153].

Financial Performance - Operating revenue for the current period reached CNY 33.05 million, representing a significant increase of 270.49% year-on-year[5] - Net profit attributable to shareholders was CNY 2.69 million, a remarkable turnaround from a loss of CNY 1.33 million in the same period last year, reflecting a growth of 301.92%[5] - Basic earnings per share increased to CNY 0.07, compared to a loss of CNY 0.03 per share in the same period last year, marking a growth of 333.33%[7] - The company reported a total profit of ¥3,356,692.80 for Q1 2021, compared to a loss of ¥1,910,085.33 in Q1 2020[25] - Net profit for Q1 2021 was ¥2,761,676.64, compared to a net loss of ¥1,841,099.15 in Q1 2020, marking a turnaround[25] Cash Flow and Assets - The net cash flow from operating activities improved to -CNY 14.96 million, a 36.7% reduction in losses compared to the previous year[5] - Cash and cash equivalents as of March 31, 2021, were approximately 484.75 million RMB, up from 477.98 million RMB at the end of 2020[18] - The total cash inflow from operating activities was ¥42,600,080.64, compared to ¥14,860,452.07 in Q1 2020, representing an increase of approximately 187%[30] - The net cash flow from operating activities was -¥14,957,219.82, an improvement compared to -¥23,631,365.67 in the same period last year, indicating a reduction in cash outflow by about 36%[30] - The cash and cash equivalents at the end of Q1 2021 were ¥483,707,065.22, up from ¥261,617,094.06 at the end of Q1 2020, marking an increase of approximately 84%[31] Research and Development - Research and development expenses accounted for 37.99% of operating revenue, a decrease of 50.08 percentage points compared to the previous year[7] - Research and development expenses increased to ¥12,557,864.77 in Q1 2021, up from ¥7,857,558.49 in Q1 2020, reflecting a focus on innovation[24] Shareholder Information - The total number of shareholders at the end of the reporting period was 3,698[11] - The top shareholder, Yi Cundao, held 14,388,000 shares, representing 35.97% of the total shares[11] Liabilities and Equity - Current liabilities decreased to ¥15,984,659.86 from ¥34,719,774.35, representing a significant reduction of approximately 54%[20] - Total liabilities were ¥17,709,659.86, down from ¥36,444,774.35, showing a decrease of around 51.5%[20] - Owner's equity increased to ¥984,759,122.03 from ¥981,997,445.39, reflecting a growth of about 0.2%[20] Market Presence and Future Outlook - The company has rapidly expanded its market presence in the financial sector, collaborating with multiple banks and insurance companies[13] - The company anticipates significant changes in net profit for the first half of 2021 compared to the same period last year due to improved operational conditions post-COVID-19[15]

Financial Performance - The company's operating revenue for 2020 was CNY 182,260,206.51, representing a 27.19% increase compared to CNY 143,302,329.84 in 2019[22]. - The net profit attributable to shareholders of the listed company was CNY 61,055,136.92, a slight decrease of 0.31% from CNY 61,243,121.93 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 49,239,726.23, down 17.53% from CNY 59,708,842.33 in 2019[22]. - The net cash flow from operating activities increased by 46.80% to CNY 26,871,698.94 from CNY 18,304,802.13 in 2019[22]. - As of the end of 2020, the total assets amounted to CNY 1,018,442,219.74, reflecting a 5.89% increase from CNY 961,813,672.98 at the end of 2019[22]. - The net assets attributable to shareholders of the listed company were CNY 980,380,212.25, which is a 4.37% increase from CNY 939,325,075.33 in the previous year[22]. - The company's operating revenue increased by 27.19% year-on-year, driven by stable demand from major clients and expansion into government and financial sectors[23]. - Net profit attributable to shareholders decreased by 0.31%, primarily due to the growth in operating costs and expenses outpacing revenue growth[24]. - Basic and diluted earnings per share decreased by 20.73% and 21.24% respectively, attributed to an increase in the total number of shares following the IPO in 2019[24]. - The company achieved revenue of 68.73 million yuan from the government sector in 2020, representing a significant increase of 616.56% year-on-year[108]. Research and Development - Research and development expenses accounted for 22.17% of operating revenue, reflecting a 0.62 percentage point increase from the previous year[23]. - The total R&D expenditure for the year was ¥40,410,684.22, an increase of 30.85% compared to the previous year, primarily due to an increase in R&D personnel and salary adjustments[71]. - The company has continuously invested in research personnel and funding to improve and innovate product technology, enhancing product functionality and technical level[61]. - The company obtained 3 new authorized invention patents and applied for 20 new invention patents during the reporting period, totaling 57 invention patents in the application process by the end of the reporting period[62]. - The company has a total of 60 invention patents applied for, with 3 granted, indicating a focus on innovation and technology development[69]. - The company is focusing on the integration of big data and artificial intelligence technologies into operational practices, indicating a strategic shift towards intelligent operations[60]. - The company is actively expanding its patent portfolio, with a significant number of patents in various stages of application and authorization, reflecting its commitment to innovation[62]. Corporate Governance - The company has a comprehensive governance structure in place, ensuring accountability and transparency[4]. - The report includes a standard unqualified audit opinion from Tianjian Accounting Firm[5]. - The financial report is confirmed to be true, accurate, and complete by the responsible persons of the company[5]. - The company does not have any special arrangements for corporate governance[7]. - The company has detailed various operational risks and corresponding mitigation measures in the report[4]. - There are no violations of decision-making procedures regarding external guarantees[7]. - The company has not faced any issues with more than half of the board members being unable to ensure the authenticity and completeness of the annual report[7]. Dividend Policy - The company plans to distribute a cash dividend of 14.25 RMB per 10 shares, totaling 57 million RMB, which accounts for 93.36% of the net profit attributable to shareholders for 2020[5]. - The company has established a cash dividend policy that prioritizes cash dividends, with a minimum of 10% of distributable profits to be distributed as cash dividends annually[165]. - The cash dividend distribution policy states that at least 20% of the distributable profit for the year must be allocated as cash dividends if the company is profitable and has positive retained earnings[168]. - The company will review its shareholder dividend return plan at least every three years, considering the opinions of independent directors and shareholders[168]. - The company’s dividend distribution plan for 2020 has been approved by the board and is pending approval from the annual shareholders' meeting[169]. Market Expansion and Strategy - The company is exploring market expansion opportunities and new product development in the field of intelligent operations and application performance management[12]. - The company is actively involved in the development of 5G networks, which is expected to significantly boost the demand for IT support systems related to IoT applications[58]. - The company is considering strategic acquisitions to bolster its market position, with a budget of 100 million allocated for potential deals[181]. - The company plans to continue expanding its market presence in the government sector, having added multiple government industry agents during the year[135]. - The company aims to enhance its core competitiveness and expand its market to achieve dual improvements in revenue and profitability[193]. Operational Efficiency - The company has implemented a distributed architecture to enhance system scalability and overall operational efficiency[28]. - The company has adopted a microservice architecture to ensure the scalability and sustainability of its service functions[30]. - The company aims to improve operational efficiency through centralized management of application resources, with various projects in progress[79]. - The company is focusing on enhancing product quality management to improve competitiveness and customer experience[160]. Risks and Challenges - The company faces risks related to dependency on China Mobile, which significantly impacts its revenue and accounts receivable[113]. - The company is exposed to market competition risks, particularly from established international IT firms like IBM and Oracle[114]. - The company acknowledges the risk of dilution in immediate returns due to the increase in share capital and net assets following the public offering[192]. Innovation and Technology - The company has developed cloud middleware technology based on its research on Docker container technology and is continuously improving this technology[157]. - The rise of cloud computing, IoT, and mobile internet technologies presents new opportunities for middleware development, driving innovation and market competition[158]. - The company aims to strengthen its leading position in the middleware market and focus on developing intelligent operations, big data, and container PaaS products and technologies[159].