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].

Financial Performance - Operating income increased by 1.38% to CNY 73,192,217.45 year-on-year, driven by increased orders from major clients and new industry customer development[8] - Net profit attributable to shareholders decreased by 95.23% to CNY 1,006,620.55, primarily due to the growth in costs and expenses outpacing revenue growth[9] - Basic earnings per share decreased by 95.71% to CNY 0.03, reflecting a reduction in net profit and an increase in total share capital compared to the previous year[9] - The total operating revenue for Q3 2020 reached ¥40,943,105.47, a significant increase of 75.6% compared to ¥23,328,193.40 in Q3 2019[31] - The net profit for Q3 2020 was a loss of ¥2,409,398.10, compared to a profit of ¥3,224,061.38 in Q3 2019, indicating a decline in profitability[34] - The company reported a total profit of ¥-2,583,747.98 for Q3 2020, compared to ¥3,954,924.95 in Q3 2019, showing a significant decline[34] - The total comprehensive income attributable to shareholders of the parent company for Q3 2020 was a loss of ¥3,148,318.66, compared to a profit of ¥3,875,108.49 in Q3 2019[34] Cash Flow - Cash flow from operating activities showed a significant decline of 249.36%, attributed to a higher increase in cash outflows compared to cash inflows related to operating activities[8] - Operating cash flow for the first nine months of 2020 was -14,438,303.72 RMB, a decrease of 249.36% compared to 9,667,087.22 RMB in the same period of 2019[18] - The net cash flow from operating activities for Q3 2020 was -14,438,303.72 RMB, a decrease from 9,667,087.22 RMB in Q3 2019[42] - Cash flow from financing activities resulted in a net outflow of -20,417,833.14 RMB, contrasting with a net inflow of 1,189,445.46 RMB in Q3 2019[43] - The total cash outflow for operating activities in the first three quarters of 2020 was 108,999,104.16 RMB, up from 69,695,868.29 RMB in 2019[44] Assets and Liabilities - Total assets decreased by 3.17% to CNY 931,314,084.43 compared to the end of the previous year[6] - Total liabilities as of September 30, 2020, were 10,273,697.66 RMB, down from 21,724,399.61 RMB at the end of 2019[25] - Total equity as of September 30, 2020, was 921,040,386.77 RMB, a decrease from 940,089,273.37 RMB at the end of 2019[25] - The company’s total assets at the end of Q3 2020 were ¥949,556,955.72, down from ¥967,770,963.05 in the previous year[32] - The total liabilities as of the end of Q3 2020 were ¥10,280,548.13, a decrease from ¥19,975,382.37 in the previous year[32] Expenses - Research and development expenses accounted for 40.55% of operating income, an increase of 7.64 percentage points compared to the previous year[8] - Sales expenses rose by 61.84% to 33,002,624.50 RMB, driven by the initiation of sales platform projects and increased personnel costs[17] - Management expenses increased by 43.11% to 11,941,701.76 RMB, primarily due to higher leasing and external intermediary costs[17] - Research and development expenses for Q3 2020 amounted to ¥12,667,852.31, which is an increase of 53.5% from ¥8,249,170.14 in Q3 2019[32] Shareholder Information - Total number of shareholders reached 4,118[14] - The largest shareholder, 易存道, holds 14,388,000 shares, representing 35.97% of total shares[14] Other Financial Metrics - The weighted average return on net assets decreased by 11.7 percentage points to 0.11% compared to the previous year[6] - The company experienced a decrease in retained earnings due to dividends paid in 2019 exceeding the net profit generated during the reporting period[8] - Significant increase in prepaid expenses by 563.75% to 7,437,554.83 RMB due to long-term equipment leasing and office renovation costs[16] - Other receivables increased by 98.76% to 2,919,546.76 RMB, mainly due to increased rental deposits and bidding guarantees[16] - Inventory decreased by 80.70% to 1,860,753.44 RMB, attributed to cost transfer according to accounting standards[16] - Fixed assets surged by 666.24% to 15,666,968.10 RMB, reflecting the recognition of new fixed assets[16]

Financial Performance - The company reported a total revenue of RMB 100 million for the first half of 2020, representing a year-on-year increase of 20%[13]. - The net profit attributable to shareholders was RMB 30 million, up 15% compared to the same period last year[13]. - The company's operating revenue for the first half of 2020 was ¥32,249,111.98, a decrease of 34.01% compared to ¥48,868,363.46 in the same period last year[19]. - The net profit attributable to shareholders decreased by 75.85% to ¥4,154,939.21 from ¥17,207,789.88 year-on-year[19]. - The net cash flow from operating activities decreased by 30.65% to ¥5,908,422.92 compared to ¥8,519,826.84 in the previous year[19]. - Basic and diluted earnings per share dropped by 82.46% to ¥0.10 from ¥0.57 in the same period last year[20]. - The company's net assets attributable to shareholders decreased by 1.69% to ¥923,480,014.54 from ¥939,325,075.33 at the end of the previous year[19]. - The company reported a net profit excluding non-recurring gains and losses of -¥2,769,805.13, a decrease of 116.11% compared to ¥17,188,566.37 in the previous year[19]. - The weighted average return on net assets decreased to 0.44% from 9.74% in the same period last year, a reduction of 9.30 percentage points[20]. - The total profit for the first half of 2020 was CNY 11,548,573.32, a decrease of 52.8% from CNY 24,451,346.04 in the same period of 2019[199]. Research and Development - The company has allocated RMB 5 million for research and development of new middleware technologies in 2020[13]. - Research and development expenses accounted for 52.76% of operating revenue, an increase of 21.02 percentage points compared to 31.74% in the previous year[20]. - The company reported a total R&D expenditure of ¥17,014,148.69, which represents 52.76% of its operating revenue[60]. - The company employed 174 R&D personnel, accounting for 49.01% of the total workforce, with an average salary of CNY 92,698.96[70]. - The company has developed 18 core technologies in the middleware and intelligent operations fields, with 26 additional technologies in reserve[54]. - During the reporting period, the company applied for 14 new invention patents, bringing the total to 54 pending applications[55]. Market Strategy and Expansion - The company plans to expand its market presence in Southeast Asia, targeting a 30% market share within the next two years[13]. - Future guidance indicates a projected revenue growth of 25% for the second half of 2020, driven by increased demand for cloud services[13]. - The company has successfully entered the core systems of China Mobile and 12 provincial companies, breaking the dominance of IBM and Oracle in the telecommunications sector[39]. - The financial and government sectors are key areas for the company's growth, with ongoing efforts to diversify product applications driving revenue growth[47]. - The company is actively expanding into the government sector, leveraging technology communication and product promotion to capture market opportunities[84]. Risks and Challenges - The board has identified potential risks related to market competition and technological changes, with strategies in place to mitigate these risks[4]. - The reliance on China Mobile for revenue poses a risk, as it constitutes a significant portion of the company's income[90]. - The company faces market competition risks from established international firms like IBM and Oracle, necessitating increased R&D investment[91]. - The company is experiencing seasonal fluctuations in performance, with revenue primarily recognized in the second half of the year due to customer procurement cycles[92]. Cash Flow and Financial Position - The company maintains a strong cash position with RMB 50 million in cash reserves, ensuring liquidity for future investments[13]. - Total assets decreased by 2.74% to ¥935,466,875.49 from ¥961,813,672.98 at the end of the previous year[19]. - Cash and cash equivalents were reported at CNY 283,177,916.22, significantly lower than CNY 546,616,073.19 at the end of 2019, indicating a decrease of about 48.3%[187]. - The company's accounts receivable decreased to CNY 100,543,255.45 from CNY 134,858,667.07, representing a decline of approximately 25.4%[187]. - Total liabilities were reported at CNY 12,017,090.62, down from CNY 21,724,399.61, showing a reduction of about 44.5%[189]. Shareholder and Governance Matters - The annual shareholders' meeting held on May 8, 2020, approved all proposals without any rejections[117]. - No profit distribution or capital reserve fund transfer plans were proposed for the half-year period[118]. - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of listing[120]. - The management team is restricted from transferring more than 25% of their shares within 6 months after leaving their positions[121]. - The company has established a policy to ensure that any share reductions after the lock-up period will not be below the issuance price[121]. Product Development and Services - New product launches include the BES CloudLink Ops and BES DataLink DI, expected to contribute an additional RMB 10 million in revenue by the end of 2020[13]. - The company customizes software development based on client requirements, enhancing product competitiveness and customer loyalty[28]. - The company engages in a six-stage product development process, from market demand analysis to project completion and software copyright registration[34]. - The company provides essential technical services, including guarantee services and upgrade and patch services, which are critical for maintaining system stability[35]. - The company’s intelligent operations software is evolving towards AIOps, integrating AI algorithms with IT operations analytics[41]. Investment and Fund Management - The company reported a total investment of 1,450 million in various securities investment funds, indicating a strong performance in fund management[161]. - The investment strategy includes a focus on mixed securities, with a significant emphasis on growth-oriented funds[165]. - The company is exploring new market opportunities to expand its fund offerings and enhance investor returns[165]. - The company plans to continue expanding its product offerings with new mixed securities investment funds, aiming to capture a larger market share[159].

Financial Performance - The company's operating revenue for 2019 was ¥143,302,329.84, representing a year-on-year increase of 17.11% compared to ¥122,369,993.69 in 2018[24]. - The net profit attributable to shareholders for 2019 was ¥61,243,121.93, reflecting a growth of 19.04% from ¥51,447,523.95 in 2018[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 16.25% to ¥59,708,842.33 in 2019[24]. - The net cash flow from operating activities for 2019 was ¥18,304,802.13, up 11.04% from ¥16,485,485.78 in 2018[24]. - The total assets at the end of 2019 reached ¥961,813,672.98, a significant increase of 403.64% compared to ¥190,971,587.98 in 2018[24]. - The net assets attributable to shareholders surged to ¥939,325,075.33, marking a 458.95% increase from ¥168,051,546.05 in 2018[24]. - Basic earnings per share for 2019 were ¥1.93, up 12.87% from ¥1.71 in 2018[25]. - The total revenue for the year was 60,670,000 RMB, with a net profit of 30,882,917.35 RMB, representing a profit margin of approximately 50.9%[77]. - The company achieved a revenue of 143.30 million yuan in 2019, representing a year-on-year growth of 17.11%[95]. - The net profit attributable to shareholders, after deducting non-recurring gains and losses, was 59.71 million yuan, with a year-on-year increase of 16.25%[95]. Dividend Policy - The company plans to distribute a cash dividend of 5.00 RMB per 10 shares, totaling 20,000,000 RMB, which accounts for 32.66% of the net profit attributable to shareholders for 2019[6]. - 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[156]. - The company has a cash dividend policy that prioritizes cash distributions, with a minimum of 10% of distributable profits to be paid out as cash dividends[152]. - The independent directors have provided their consent to the profit distribution plan, ensuring the protection of minority shareholders' rights[157]. - The company has a commitment to prioritize cash dividends while considering its growth stage and funding needs[155]. - The total net profit attributable to ordinary shareholders for 2019 was 61,243,121.93 RMB, with a cash dividend payout ratio of 32.66%[158]. Research and Development - The R&D expenditure as a percentage of operating revenue increased to 21.55% in 2019, up 3.58 percentage points from 17.97% in 2018[25]. - The total R&D investment for the period was CNY 30,882,917.35, accounting for 21.55% of the operating revenue[68]. - The number of R&D personnel was 136, representing 49.45% of the total workforce[68]. - The company holds 18 core technologies in middleware and intelligent operation, with an additional 26 technologies in reserve, reflecting its strong R&D capabilities[59]. - During the reporting period, the company applied for 34 new invention patents, bringing the total to 40 pending patents[60]. - The company has developed a new intelligent operation platform, AILink Ops, which is currently in trial deployment at select customer sites[87]. - The company is actively pursuing new product development and market expansion through ongoing R&D projects and software registrations[66]. Market Position and Strategy - The company attributed revenue growth to stable demand from major clients and the expansion into new industry clients[26]. - The company aims to expand its market presence through strategic partnerships and technological advancements in its product offerings[36]. - The company is focusing on expanding its market presence through the development of new products and technologies, including a mobile service platform for government services[76]. - The company is actively expanding its market presence in the government and financial sectors, contributing to revenue growth[94]. - The company has begun small-scale applications of its middleware products in commercial banking systems, despite entering the financial sector later than competitors[131]. - The company is observing the development of intelligent operations software, transitioning from passive monitoring to proactive management through AI and machine learning[132]. Operational Risks and Governance - The company has detailed various operational risks and corresponding mitigation measures in the report[4]. - The report emphasizes that forward-looking statements regarding future plans and strategies do not constitute a commitment to investors[7]. - The company does not have any special arrangements for corporate governance[7]. - The company has not violated decision-making procedures for external guarantees[8]. - There are no non-operating fund occupations by controlling shareholders or related parties[8]. - The company has ensured compliance with all relevant regulations regarding related party transactions, safeguarding its interests[189]. Audit and Compliance - 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[6]. - The company has passed ISO27001 and ISO9001 certifications, reflecting its commitment to quality management and information security[93]. - The company has maintained a good integrity status, with no significant defaults or regulatory actions reported during the period[194]. - The company has confirmed that its IPO documents do not contain any misleading statements or significant omissions, taking legal responsibility for their accuracy[173]. Shareholder Management and Lock-up Policies - The company has a lock-up period of 12 months post-IPO, during which shareholders cannot transfer or delegate their shares[164]. - The company has established a policy that prohibits the transfer of shares by major shareholders for 36 months post-IPO[165]. - The company will ensure that any reduction in shares does not occur below the issue price and is based on current market prices[169]. - The company has outlined specific conditions under which shareholders can reduce their holdings post-IPO, ensuring transparency and accountability[170]. - The company will not issue any securities for 12 months after fully eliminating the negative impact of unfulfilled commitments[182]. Financial Management - The company has approved the use of up to RMB 500 million of temporarily idle raised funds for cash management, ensuring it does not affect project progress or normal operations[199]. - The company has invested RMB 750 million in structured deposits, with an outstanding balance of RMB 250 million[197]. - The structured deposits have a maturity period ranging from November 19, 2019, to July 1, 2020[200]. - The company will accelerate the progress of investment projects funded by the raised capital to achieve expected benefits sooner[179]. - A dedicated management system for raised funds has been established to ensure proper usage and efficiency in investment projects[179].

Financial Performance - The company's operating revenue for 2019 was ¥143,302,329.84, representing a year-on-year increase of 17.11% compared to ¥122,369,993.69 in 2018[24]. - The net profit attributable to shareholders for 2019 was ¥61,243,121.93, reflecting a growth of 19.04% from ¥51,447,523.95 in 2018[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 16.25% to ¥59,708,842.33 in 2019[24]. - The net cash flow from operating activities for 2019 was ¥18,304,802.13, up 11.04% from ¥16,485,485.78 in 2018[24]. - The total assets at the end of 2019 reached ¥961,813,672.98, a significant increase of 403.64% compared to ¥190,971,587.98 in 2018[24]. - The net assets attributable to shareholders surged to ¥939,325,075.33, marking a 458.95% increase from ¥168,051,546.05 in 2018[24]. - Basic earnings per share for 2019 were ¥1.93, up 12.87% from ¥1.71 in 2018[25]. - The total revenue for the year was CNY 60,670,000, with a net profit of CNY 37,872,760.90, representing a profit margin of approximately 62.3%[77]. - The company achieved a revenue of 143.30 million yuan in 2019, representing a year-on-year growth of 17.11%[95]. - The net profit attributable to shareholders, after deducting non-recurring gains and losses, was 59.71 million yuan, with a year-on-year increase of 16.25%[95]. Dividend Policy - The company plans to distribute a cash dividend of 5.00 RMB per 10 shares, totaling 20,000,000 RMB, which accounts for 32.66% of the net profit attributable to shareholders for 2019[6]. - 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[156]. - The company has not proposed any stock bonus or capital reserve conversion to increase share capital in the profit distribution plan[6]. - The independent directors have agreed to the profit distribution plan, ensuring the protection of minority shareholders' rights[157]. - The company has a commitment to prioritize cash dividends while considering its growth stage and funding needs[155]. - The company will review its dividend distribution plan at least every three years, considering the opinions of independent directors and shareholders[155]. - The total net profit attributable to ordinary shareholders for 2019 was 61,243,121.93 RMB, with a cash dividend payout ratio of 32.66%[158]. Research and Development - The R&D expenditure as a percentage of operating revenue increased to 21.55% in 2019, up 3.58 percentage points from 17.97% in 2018[25]. - Total R&D expenses for the period amounted to ¥30,882,917.35, representing 21.55% of total revenue[68]. - The company has 136 R&D personnel, accounting for 49.45% of the total workforce[68]. - The company has no capitalized R&D expenses for the period, indicating a focus on immediate R&D investments[68]. - The company holds 18 core technologies in middleware and intelligent operation, with an additional 26 technologies in reserve, showcasing its strong R&D capabilities[59]. - During the reporting period, the company applied for 34 new invention patents, bringing the total to 40 patents in the application process, indicating robust innovation efforts[60]. - The company has invested CNY 2,749.67 million in R&D personnel, with an average salary of CNY 20.73 million per person, indicating a strong commitment to innovation[80]. Market Position and Strategy - The company attributed revenue growth to stable demand from major clients and the expansion into new industry clients[26]. - The company aims to expand its market presence through strategic partnerships and product enhancements to meet evolving customer needs[36]. - The company is actively pursuing market expansion strategies, focusing on enhancing its presence in high-barrier industries like telecommunications and finance[53]. - The company is currently developing multiple platforms, including the Smart Operation and Maintenance Platform V1.0, which has a budget of CNY 3,100,000[12]. - The company is collaborating with Huawei and other firms to build a domestic software and hardware ecosystem, enhancing its competitive position[97]. - The company is focusing on enhancing its technical capabilities and expanding its product line and market reach through future investments in technology-related firms[126]. Operational Compliance and Governance - The report includes a standard unqualified audit opinion from Tianjian Accounting Firm[5]. - The report indicates that all board members attended the board meeting, ensuring governance compliance[5]. - The company has maintained compliance with its dividend principles and policies as outlined in its articles of association[157]. - The company has confirmed that there are no significant lawsuits or arbitration matters during the reporting period[194]. - The company has maintained a good integrity status, with no major defaults or regulatory actions taken against it during the reporting period[194]. - The company has implemented changes in accounting policies in accordance with the revised financial reporting standards effective from January 1, 2019[191]. Risks and Challenges - The company faces high technical and market barriers, requiring extensive service and support to build a stable customer base in the software industry[50]. - The company faces risks related to market competition, particularly from established players like IBM and Oracle, which may impact its market share[100]. - The company is exposed to risks from potential changes in tax policies that could affect its favorable tax rates[103]. - The impact of the COVID-19 pandemic has posed risks to the company's performance, affecting project bidding and order confirmations[103]. - The company faced risks related to high customer concentration in the telecommunications sector, primarily relying on China Mobile[101]. Investment and Financial Management - The company has approved the use of up to RMB 500 million of temporarily idle raised funds for cash management, ensuring it does not affect project progress or normal operations[199]. - The company has invested RMB 750 million in structured deposits, with an outstanding balance of RMB 250 million[197]. - The company has engaged in structured deposits with a projected annual yield of 3.45% and 3.6%, with expected returns of RMB 96.88 thousand and RMB 101.1 thousand respectively[200]. - The company has confirmed that all cash management activities have followed legal procedures and are expected to continue in the future[200]. Shareholder Rights and Commitments - The company will ensure compliance with relevant regulations and improve governance structures to protect the rights of shareholders, especially minority shareholders[177]. - The company will publicly disclose reasons for not implementing stabilization measures if required by the CSRC or the Shanghai Stock Exchange[175]. - The company will compensate investors for direct losses incurred due to reliance on unfulfilled commitments, with the compensation amount determined through negotiation or regulatory authority[186]. - The company has committed to avoid any competitive business activities that may conflict with its operations, ensuring no direct or indirect competition during the association period[188].