Revenue and Profit - The company's revenue for Q3 2022 was ¥155,456,269.20, representing a year-on-year increase of 3.31% and a quarter-on-quarter increase of 44.04%[8] - The net profit attributable to shareholders for Q3 2022 was ¥17,357,584.10, a decrease of 65.12% compared to the same period last year[8] - Net profit for Q3 2022 was a loss of CNY 20,087,089.31, compared to a profit of CNY 98,419,307.34 in Q3 2021[48] - Total profit for Q3 2022 was a loss of CNY 22,934,414.61, compared to a profit of CNY 115,368,760.79 in Q3 2021[48] - The company reported a significant loss in net profit attributable to shareholders, with a decrease of 119.34% year-to-date[26] Research and Development - Research and development expenses totaled ¥77,401,054.47 in Q3 2022, an increase of 56.26% year-on-year, accounting for 49.79% of revenue[10] - The total R&D investment in the current reporting period increased by 56.26% compared to the previous period, reflecting the company's focus on enhancing product quality and expanding its product matrix[26] - Research and development expenses rose to CNY 183,950,481.35, representing a 50.3% increase from CNY 122,412,158.56 in 2021[45] - The company has seen a substantial increase in its R&D personnel compared to the same period last year, contributing to the rise in R&D expenses[26] Cash Flow and Assets - The net cash flow from operating activities decreased by 355.92% year-to-date, primarily due to a 49.09% increase in employee numbers and significant salary expenses[26] - The company reported a net cash outflow from operating activities of CNY -106,552,231.84 for the first three quarters of 2022, compared to a net inflow of CNY 41,635,008.89 in the same period of 2021[54] - Cash inflow from investment activities was CNY 4,265,988,121.32, significantly higher than CNY 1,732,980,978.52 in the previous year[54] - The ending balance of cash and cash equivalents decreased to $234.69 million, down from $950.42 million year-over-year[56] Shareholder Information - The company experienced a significant increase in the number of shareholders, with a total of 5,036 shareholders at the end of the reporting period[27] - The largest shareholder, Du Yulin, holds 30,883,021 shares, representing 35.63% of the total shares[27] Government Subsidies and Financial Support - The company reported government subsidies of ¥6,578,406.24 for Q3 2022, totaling ¥9,486,612.46 for the year-to-date[16] - The software product VAT refund amounted to 11,540,364.27 CNY in the current period, directly related to the company's regular sales activities[22] Comprehensive Income and Earnings Per Share - The company’s basic earnings per share for Q3 2022 was CNY -0.26, down from CNY 1.73 in Q3 2021[51] - The company’s total comprehensive income for Q3 2022 was CNY -20,342,411.06, compared to CNY 98,391,308.94 in Q3 2021[51] Operational Performance - The company achieved a significant recovery in its education business, with Q3 revenue growth exceeding 20% year-on-year[12] - The company aims to enhance its local and overseas operations while focusing on digitalization and domestic software solutions[15] - The company has established partnerships with leading enterprises in the construction and planning sectors to explore digital transformation solutions[15] Liabilities and Equity - The total liabilities decreased from ¥304,962,231.44 to ¥249,046,574.02, a decline of about 18.38%[41] - The company's equity attributable to shareholders decreased from ¥2,812,356,703.50 to ¥2,694,324,352.08, a drop of approximately 4.19%[44] - The company reported a significant reduction in employee compensation liabilities from ¥93,189,691.20 to ¥36,167,785.08, a decrease of about 61.19%[41] Inventory and Accounts Receivable - Inventory rose from ¥2,351,613.09 to ¥3,398,191.84, marking an increase of approximately 44.54%[39] - The company's accounts receivable increased from ¥101,799,298.79 to ¥107,013,522.11, reflecting a growth of about 5.83%[35]

Financial Performance - The company reported a total revenue of RMB 200 million for the first half of 2022, representing a year-on-year increase of 15%[1] - The net profit attributable to shareholders for the same period was RMB 50 million, up 20% compared to the previous year[1] - The company's operating revenue for the first half of 2022 was ¥194,191,836.39, a decrease of 5.73% compared to ¥205,988,543.46 in the same period last year[20] - The net profit attributable to shareholders was -¥36,390,768.60, representing a decline of 174.79% from ¥48,655,340.36 in the previous year[20] - The net cash flow from operating activities was -¥105,437,167.62, a significant drop from ¥3,370,796.54 in the same period last year, marking a decrease of 3,227.96%[20] - The company's net assets attributable to shareholders decreased by 3.93% to ¥2,701,793,440.57 from ¥2,812,356,703.50 at the end of the previous year[20] - The total assets decreased by 5.30% to ¥2,952,138,565.46 from ¥3,117,318,934.94 at the end of the previous year[20] - Basic earnings per share were -¥0.55, a decline of 161.11% compared to ¥0.90 in the same period last year[21] - The company achieved operating revenue of 194.19 million RMB, a decrease of 5.73% compared to the same period last year[99] - Main business revenue was 192.90 million RMB, accounting for 99.33% of total revenue, with a year-on-year decline of 3.6%[99] Research and Development - The company is investing RMB 10 million in R&D for AI-driven software solutions, aiming to enhance product capabilities and user experience[1] - The R&D investment as a percentage of operating revenue increased to 67.14%, up by 31.76 percentage points from 35.38% in the previous year[21] - The company has invested a total of 130,378,282.53 RMB in R&D, a 78.90% increase compared to the previous year, with R&D expenses accounting for 67.14% of operating revenue[77] - The company has increased its R&D personnel to 821, an increase of 341 compared to the same period last year, enhancing its R&D capabilities[78] - The company has filed 15 new patents and obtained 11 patents during the reporting period, bringing the total to 46 invention patents and 278 software copyrights[76] - The company has established six major R&D centers in China and the United States, enhancing its development capabilities[93] Market Strategy and Expansion - The company plans to expand its market presence in Southeast Asia, targeting a 30% growth in that region by the end of 2023[1] - The company is actively exploring new customer demand points and business growth opportunities, such as lightweight products and cloud integration[42] - The company is focusing on localizing its overseas strategy, strengthening local teams in key countries, and enhancing collaboration with existing distributors[57] - The company has formed local business teams in Europe, Southeast Asia, the Middle East, and South America, enhancing its overseas market presence and local business control[110] - The company is committed to building a sustainable industrial software ecosystem, collaborating with over 90 countries and regions globally[95] Product Development and Innovation - New product launches include the upgraded version of ZWCAD, which is expected to contribute an additional RMB 30 million in revenue by Q4 2022[1] - The newly released ZWCAD 2023 version has improved 2D design efficiency by 200% to 1000% compared to previous versions, addressing higher user demands for efficiency and stability[39] - The 3D CAD 2023 version introduced over 250 new and optimized features, significantly shortening the product design to manufacturing cycle[40] - The company aims to provide an integrated CAx solution by deeply integrating CAE products with 2D and 3D CAD products, improving efficiency and quality across the product development process[44] - The company is expanding its product offerings in BIM design software, supporting multiple disciplines and collaborative design features[87] Risk Factors and Challenges - Risk factors identified include increased competition in the CAD market and potential supply chain disruptions[1] - The decline in revenue and profits was attributed to the impact of COVID-19 on business operations in key regions, particularly in the Yangtze River Delta and Beijing-Tianjin-Hebei areas[23] - The company faces risks from macroeconomic factors, including the ongoing impact of COVID-19 and global trade tensions, which may affect its business operations[120] Corporate Governance and Shareholder Commitments - The company held its 2021 Annual General Meeting on May 6, 2022, where all proposals were approved without any rejections[151] - Two directors, Dai Huakun and Yang Peng, resigned on April 14, 2022, for personal reasons, while Lin Qingzhong and Wang Changmin were elected as non-independent directors[152] - The company has implemented a stock incentive plan, which was approved in multiple board meetings throughout 2021 and 2022[155] - The controlling shareholder and actual controller, Du Yulin, committed to not transferring or entrusting the management of shares for 36 months post-IPO[167] - The company will not allow any share transfers if it is under significant legal violations or faces delisting standards[170] Community Engagement and Social Responsibility - The company actively participated in the "Youth Silicon Valley" public welfare project, providing innovative educational resources to 9 regions in China, including Qinghai and Guizhou[161] - The company supported middle and primary schools in 9 regions to conduct technology innovation education using the ZWSOFT 3D One software, enhancing students' scientific spirit and practical innovation skills[161] - The company collaborated with various educational and scientific organizations in Guizhou to promote youth technology activities and 3D creative design learning[161]

Financial Performance - The company reported a revenue of ¥86,262,394.84 for Q1 2022, representing a year-on-year increase of 1.24%[7] - The net profit attributable to shareholders was -¥19,714,180.11, a decline of 440.78% compared to the same period last year[7] - The company recorded a net cash flow from operating activities of -¥110,477,528.93, indicating significant cash outflow during the period[7] - The net profit attributable to shareholders of the listed company decreased significantly due to increased personnel costs, enhanced compensation levels, and higher sales and R&D expenditures[16] - The basic earnings per share decreased due to the decline in net profit attributable to shareholders[16] - The company reported a non-recurring loss of RMB 637,599.82, impacting overall financial performance[16] - The company’s total comprehensive income for the period was a loss of approximately -$19.72 million, compared to a gain of $4.99 million in the same period last year[38] - The net profit for the period was a loss of $19.71 million, compared to a profit of $5.79 million in the same period last year, indicating a significant decline[38] Research and Development - R&D investment totaled ¥60,272,307.39, accounting for 69.87% of revenue, an increase of 29.97 percentage points year-on-year[9] - Total R&D investment increased significantly as the company focused on innovation and recruitment of high-quality R&D personnel, continuing to deepen its All-in-One CAx strategy[16] - Research and development expenses rose to $52.86 million, up from $33.99 million, marking a 55.5% increase year-over-year[37] - Research and development expenses increased to CNY 38,269,937.01 in Q1 2022, up from CNY 28,002,296.48 in Q1 2021, reflecting a growth of 36.6%[52] Market and Sales Performance - Domestic commercial market revenue grew by 20.30% year-on-year despite economic pressures and the impact of COVID-19[10] - The company's 3D CAD product line saw a revenue increase of 33.69% year-on-year, while CAE revenue grew by 48.39%[11] - The company aims to optimize its business layout and explore domestic and international markets to counteract challenges from the pandemic and geopolitical tensions[11] - The company’s operating revenue for Q1 2022 was CNY 80,474,940.90, a slight increase of 1.69% compared to CNY 79,139,010.29 in Q1 2021[52] - The company reported a total revenue from sales and services of approximately $99.38 million, slightly up from $99.31 million in the previous year[41] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,017,978,055.93, a decrease of 3.19% from the end of the previous year[9] - The company’s total assets decreased to RMB 3,017,978,055.93 from RMB 3,117,318,934.94, reflecting a decline of 3.21%[31] - The company’s total liabilities decreased from RMB 304,962,231.44 to RMB 220,460,303.35, a reduction of 27.8%[33] - The total liabilities decreased to 208,146,676.93 RMB from 280,644,911.76 RMB, showing a reduction of approximately 25.7%[51] - The company's total current assets amounted to RMB 2,555,599,349.62, a decrease of 4.44% from RMB 2,674,861,777.57 on December 31, 2021[28] Cash Flow - The net cash flow from operating activities decreased due to slow sales collection growth and significant increases in taxes, employee compensation, and other expenses compared to the previous period[16] - The net cash flow from operating activities for Q1 2022 was a negative CNY 122,801,867.27, an improvement from a negative CNY 161,814,878.89 in Q1 2021[56] - The net cash flow from investing activities was -100,257,810.17 RMB, a significant decrease compared to -2,168,045,994.01 RMB in the previous period, indicating improved cash management[44] - The company's cash and cash equivalents were RMB 296,623,263.26, down from RMB 514,058,772.85, representing a decline of 42.38%[28] - The net increase in cash and cash equivalents was -217,358,509.59 RMB, compared to -12,472,284.91 RMB in the previous period, highlighting a worsening cash position[44] Strategic Initiatives - The company plans to launch a test version of its cloud CAD product within the year as part of its cloud strategy initiated in late 2021[11] - The company established a wholly-owned subsidiary in Japan to enhance local service capabilities, targeting a CAD/CAM/CAE market exceeding RMB 20 billion[24] - The establishment of the Japanese subsidiary follows the opening of subsidiaries in the United States and Vietnam, marking a key step in international market expansion[24] - The company aims to enhance its brand influence and market penetration in Japan through localized marketing strategies and improved service support[24] - The company established a joint venture, Guangzhou Zhongwang Zhicheng Digital Technology Co., Ltd., with a registered capital of RMB 50 million, where the company contributed RMB 35 million (70%) and Huayang International contributed RMB 15 million (30%)[25] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 5,569, with the largest shareholder holding 35.51% of the shares[19] - The top ten shareholders include significant stakes from various investment firms, with the largest shareholder holding 21,998,000 shares[19]

Financial Performance - The company achieved operating revenue of CNY 618.68 million, a year-on-year increase of 35.65%[186]. - Net profit attributable to the parent company was CNY 181.65 million, up 50.89% compared to the previous year[186]. - The net cash flow from operating activities was CNY 187.37 million, an increase of 24.44% compared to the previous year[188]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion CNY for the fiscal year, representing a growth of 15% year-over-year[22]. - The company’s net profit after deducting non-recurring gains and losses was 99.40 million RMB, reflecting a 4.16% increase from 2020[46]. - The total assets grew by 358.38% year-on-year, amounting to CNY 3.12 billion at the end of 2021[36]. - The net assets attributable to shareholders increased by 472.94% year-on-year, totaling CNY 2.81 billion at the end of 2021[35]. - Basic earnings per share rose to CNY 3.13, reflecting a growth of 20.85% from the previous year[35]. Research and Development - The company invested a total of 202.90 million RMB in R&D, representing a year-over-year increase of 34.23%[57]. - The company’s R&D expenditure accounted for 32.79% of operating revenue, slightly down from 33.14% in 2020[35]. - The company is investing in R&D for AI-driven software solutions, with a budget allocation of 100 million CNY for the upcoming year[22]. - The number of R&D personnel has increased to 645, accounting for 49.27% of the total workforce, with a total R&D personnel compensation of 16,441.21 million[163]. - The company has applied for 20 invention patents and obtained 16 authorized patents during the reporting period, bringing the total to 31 applied and 21 authorized patents[145]. Market Expansion and Strategy - The company has set a revenue guidance for the next fiscal year, projecting an increase of 10% to reach approximately 1.32 billion CNY[22]. - Market expansion efforts are underway, targeting Southeast Asia, with plans to establish a local office by Q3 2022[22]. - The company is exploring potential acquisitions to enhance its product offerings and market presence, with a focus on complementary technology firms[22]. - The company actively expanded its market presence, focusing on both domestic and international markets, which contributed to sustained revenue growth[35]. - The company has established local business and support teams in strategic markets such as the USA, Vietnam, and Japan to enhance market penetration[54]. Product Development and Innovation - New product launches include the latest version of ZWSim, which has received positive feedback and is expected to contribute to future revenue growth[22]. - The company launched 10 new products or product versions during the reporting period, enhancing its product matrix[53]. - The company has enhanced its 2D CAD product, ZWCAD, focusing on high cost-performance, strong compatibility, and lightweight advantages, with efficiency optimizations in frequently used features[58]. - The company has developed its own 2D CAD platform and geometric kernel technology, ensuring independence from third-party technology suppliers and enabling continuous product iteration[104]. - The company has established a cloud division to develop a new generation of cloud CAD products based on existing technologies[145]. Corporate Governance and Compliance - The independent auditor issued a standard unqualified opinion on the financial statements, ensuring the accuracy and completeness of the financial report[6]. - The board of directors has confirmed that all members attended the board meeting, ensuring governance compliance[6]. - The company does not plan to increase capital reserves or issue bonus shares for the year 2021[7]. - The company has not reported any non-operational fund occupation by controlling shareholders or related parties[11]. - The company has not violated decision-making procedures for external guarantees[11]. Risks and Challenges - The company faces risks related to core technology leakage, which could impact product competitiveness and customer retention[175]. - The company operates primarily on a perpetual licensing model, with potential risks associated with transitioning to a subscription model as competitors do[176]. - The company is exposed to financial risks from currency fluctuations due to its global sales across over 90 countries, which could affect profit levels[177]. - The company faces risks related to intensified market competition and potential intellectual property litigation[182]. Awards and Recognition - The company has received multiple awards, including "Guangzhou Information Technology Application Innovation Product" and "Guangdong Province Industrial Software Engineering Technology Research Center," boosting its brand recognition[65]. - The company has established a comprehensive quality assurance system for its platform software, ensuring high-quality product releases through multiple testing phases[59].

Financial Performance - The company's operating revenue for Q3 2021 was ¥150,470,933.33, representing a year-on-year increase of 20.10%[8] - The net profit attributable to shareholders for Q3 2021 was ¥49,763,966.98, reflecting a year-on-year growth of 24.15%[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥27,426,223.97, showing a decrease of 22.42% compared to the same period last year[8] - Total operating revenue for the first three quarters of 2021 reached ¥356,459,476.79, a 34.3% increase from ¥265,362,598.92 in the same period of 2020[42] - Net profit for Q3 2021 was ¥98,419,307.34, representing a 45.0% increase compared to ¥67,998,486.88 in Q3 2020[45] Research and Development - Research and development expenses totaled ¥49,533,583.50 in Q3 2021, an increase of 45.97% year-on-year[12] - Research and development expenses increased to ¥122,412,158.56, up 30.0% from ¥94,312,630.65 in the previous year[45] Assets and Liabilities - The total assets at the end of Q3 2021 reached ¥2,920,065,190.55, a significant increase of 329.38% compared to the end of the previous year[12] - The total liabilities increased to ¥198,920,300.52, compared to ¥189,204,713.61 in the previous year[42] - Total assets decreased from 709,449,892.85 to 680,067,658.14, a decline of approximately 4.5%[58] - Total liabilities increased from 189,204,713.61 to 223,705,595.12, an increase of about 18.1%[58] Shareholder Information - The total number of common shareholders at the end of the reporting period was 4,497[24] - The largest shareholder, Du Yulin, holds 21,998,000 shares, representing 35.51% of the total shares[24] - The top ten shareholders hold a significant portion of the shares, with the top three accounting for 45.75% of the total shares[24] Cash Flow - The company reported a net cash flow from operating activities of ¥41,635,008.89 for the year-to-date period, reflecting a growth of 25.47%[12] - Operating cash inflow for the first three quarters of 2021 was CNY 467,345,765.76, an increase of 40.1% compared to CNY 333,608,571.71 in the same period of 2020[50] - Net cash flow from operating activities for the first three quarters of 2021 was CNY 41,635,008.89, up from CNY 33,184,121.94 in 2020, reflecting a growth of 25.0%[50] - Cash inflow from investment activities totaled CNY 1,732,980,978.52 in the third quarter of 2021, compared to CNY 1,425,336,855.23 in the same quarter of 2020, representing an increase of 21.5%[52] - Cash outflow for investment activities in the third quarter of 2021 was CNY 3,418,764,964.44, significantly higher than CNY 1,426,978,066.19 in the previous year, indicating a rise of 140.0%[52] Earnings Per Share - The basic earnings per share for Q3 2021 was ¥0.80, a decrease of 6.89% compared to the same period last year[12] - Basic earnings per share for Q3 2021 was ¥1.73, compared to ¥1.46 in Q3 2020[47] Equity - The equity attributable to shareholders increased to ¥2,721,144,890.03, marking a growth of 454.36% year-on-year[12] - The total equity attributable to shareholders reached ¥2,721,144,890.03, significantly higher than ¥490,862,944.53 in the previous year[42] - The company’s total equity attributable to shareholders increased by 1.1% from 485,744,297.73 to 490,862,944.53[60] Government Subsidies - The company received government subsidies amounting to ¥13,539,299.05 during Q3 2021, contributing to the overall profit[13] Other Financial Metrics - The weighted average return on net assets was 1.85%, down by 7.74 percentage points year-on-year[12] - Deferred income increased to ¥15,789,278.93 from ¥7,832,847.49 year-over-year[42] - The company reported a financial income of ¥4,821,713.58, compared to ¥376,672.42 in the previous year[45] - Other comprehensive income after tax was -¥27,998.40, contrasting with a gain of ¥77,680.06 in the previous year[47]

Financial Performance - The company reported a total revenue of RMB 100 million for the first half of 2021, representing a year-on-year increase of 20%[1] - The company reported a significant increase in revenue, achieving a total of 1.2 billion CNY for the first half of 2021, representing a year-over-year growth of 25%[19] - The company's operating revenue for the first half of 2021 reached approximately ¥205.99 million, representing a 47.06% increase compared to ¥140.07 million in the same period last year[21] - The company's revenue for the first half of 2021 was CNY 205.99 million, an increase of 47.06% compared to the same period last year[65] - The company reported a revenue of 25,968.19 million, with a net profit of 5,083.27 million, indicating a strong financial performance[56] - The total revenue for the first half of 2021 was RMB 20,598.85 million, up 47.06% from RMB 14,007.13 million in the same period of 2020[73] User Growth and Market Expansion - User data showed an increase in active users by 15% compared to the same period last year, reaching 1.5 million users[1] - User data indicates that the active user base has grown to 500,000, an increase of 15% compared to the previous year[19] - The company expects a revenue growth of 25% 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 10% market share by the end of 2022[1] - The company is expanding its market presence in the EMEA region, targeting a 30% increase in sales in this area by the end of 2021[19] Research and Development - Investment in R&D increased by 30% year-on-year, focusing on enhancing software capabilities and developing new technologies[1] - Research and development investments have increased by 10% to support the development of new CAE simulation software[19] - R&D investment totaled ¥72,878,575.06, representing a 20.70% increase compared to the previous period, with R&D expenses accounting for 35.38% of operating revenue[48] - The R&D investment's proportion of operating revenue decreased by 7.73% compared to the previous period, indicating a shift in resource allocation[48] - The R&D personnel count increased to 480, accounting for 45.45% of the total workforce, with an average salary of CNY 12.97 million[59] Product Development and Innovation - New product launches include the 3D One series, specifically designed for youth, which aims to capture a new segment of the market[19] - The introduction of a new API for developers is expected to improve integration capabilities with third-party applications, enhancing user experience[19] - The company has developed its own geometric modeling kernel, Overdrive, which allows for commercial application without paying high patent fees to third parties[35] - The company released the ZW3D 2022 version, which includes new features such as G3 continuity and enhanced parameterized design capabilities[39] - The company is expanding its product offerings with educational versions of its software, targeting vocational schools and K-12 education[39] Financial Position and Assets - The total assets of the company have increased to 2 billion CNY, reflecting a robust financial position and capacity for future growth[19] - The total assets increased by 319.61% to approximately ¥2.85 billion, compared to ¥680.07 million at the end of the previous year[21] - The net assets attributable to shareholders surged by 443.94% to approximately ¥2.67 billion, up from ¥490.86 million at the end of the previous year[21] Profit Distribution and Shareholder Commitments - The board has approved a profit distribution plan, although no specific dividends were declared for this period[1] - The company has established a profit distribution policy in accordance with relevant laws and regulations, which will be strictly followed after listing[175] - The company will take responsibility and implement follow-up measures if it fails to execute the profit distribution policy as stipulated in its articles of association[176] Risks and Challenges - The company has identified several risk factors, including market competition and regulatory changes, and has outlined mitigation strategies[1] - The company faces risks related to core technology leakage, which could diminish product competitiveness and lead to customer loss[86] - The company is at risk of intensified market competition, particularly from established foreign competitors in the domestic mid-to-high-end market[88] - The company anticipates potential impacts from macroeconomic uncertainties, including a downturn in the global economy and the ongoing effects of the COVID-19 pandemic[89] Corporate Governance and Compliance - The report emphasizes the importance of maintaining accurate financial disclosures and compliance with regulatory requirements[1] - The company has ensured that all commitments made by its major shareholders are binding and will be adhered to regardless of any changes in their positions[134] - The company will comply with any different regulations regarding responsibilities for violations of public commitments as stipulated by relevant laws and regulatory bodies[187] Environmental and Social Responsibility - The company is committed to reducing carbon emissions by promoting online office platforms and using energy-efficient lighting[127] - The company actively participates in poverty alleviation efforts and plans to support rural revitalization projects in Guangdong[128]

Financial Performance - Operating income rose by 52.12% to CNY 85,205,724.71 compared to the same period last year[12] - Net profit attributable to shareholders increased by 52.83% to CNY 5,785,098.37 compared to the same period last year[12] - Basic earnings per share increased by 12.50% to CNY 0.09[12] - The company reported a total comprehensive income of CNY 4,997,911.30 for Q1 2021, compared to CNY 3,733,568.46 in Q1 2020[53] - The company recorded a total profit of CNY 7,217,763.01 for Q1 2021, compared to CNY 3,868,837.97 in Q1 2020, marking an increase of 86%[51] - The net profit for the first quarter of 2021 was 8,424,505.77, while the net loss for the same period in 2020 was 9,986,666.47[54] Assets and Liabilities - Total assets increased by 319.40% to CNY 2,852,198,313.34 compared to the end of the previous year[12] - The company's financial assets increased to RMB 1,874,170,000.00, attributed to cash management activities during the reporting period[26] - Total liabilities amounted to approximately $181.45 million, down from $189.20 million[39] - Current liabilities totaled approximately $94.41 million, down from $153.59 million[39] - The total liabilities at the end of Q1 2021 were 153,585,276.58, slightly down from 154,974,022.07 at the end of Q1 2020[69] Equity and Shareholder Information - Net assets attributable to shareholders increased by 444.09% to CNY 2,670,746,278.60 compared to the end of the previous year[12] - The total equity attributable to shareholders was CNY 2,657,334,582.91, significantly higher than CNY 475,075,468.91 in the previous year[48] - The total equity of the company was approximately $2.67 billion, compared to $490.86 million previously[39] - The total number of shareholders at the end of the reporting period was 4,568[20] Cash Flow - Cash flow from operating activities improved by 65.62%, with a net outflow of CNY 14,841,272.78 compared to a net outflow of CNY 43,163,522.20 in the previous year[12] - Cash inflow from operating activities in Q1 2021 was 142,991,787.77, significantly up from 67,455,957.02 in Q1 2020[59] - The net cash flow from operating activities for Q1 2021 was -14,841,272.78, an improvement from -43,163,522.20 in Q1 2020[59] - Cash inflow from financing activities in Q1 2021 was 2,178,953,255.03, compared to 5,000,000.00 in Q1 2020[61] Research and Development - The proportion of R&D investment to operating income decreased by 6.56 percentage points to 39.90%[12] - Research and development expenses rose by 30.63% to RMB 33,995,868.92, reflecting the company's increased investment in R&D[26] - The company plans to continue investing in R&D to drive future growth and innovation in its product offerings[52] Other Financial Metrics - Weighted average return on equity increased by 0.49 percentage points to 1.46%[12] - The company experienced a credit impairment loss of CNY 310,702.33 in Q1 2021, compared to CNY 75,378.56 in Q1 2020, indicating increased financial caution[51] - The company reported a government subsidy income of CNY 9,415,033.30 related to normal business operations[14]

Financial Performance - The company's operating revenue for 2020 was RMB 456,090,102.13, representing a 26.31% increase compared to RMB 361,077,957.87 in 2019[31]. - The net profit attributable to shareholders for 2020 was RMB 120,381,858.67, a 35.15% increase from RMB 89,073,410.02 in 2019[31]. - The net cash flow from operating activities for 2020 was RMB 150,571,253.13, showing a 52.46% increase compared to RMB 98,760,809.83 in 2019[31]. - The total assets at the end of 2020 were RMB 680,067,658.14, a 27.03% increase from RMB 535,380,412.43 at the end of 2019[31]. - The net assets attributable to shareholders at the end of 2020 were RMB 490,862,944.53, reflecting a 19.70% increase from RMB 410,086,629.28 at the end of 2019[31]. - The basic earnings per share for 2020 was RMB 2.59, up 27.59% from RMB 2.03 in 2019[32]. - The net profit after deducting non-recurring gains and losses for 2020 was RMB 95,434,123.44, a 22.32% increase from RMB 78,020,670.53 in 2019[31]. - The company reported a revenue of 456.09 million RMB for 2020, representing a growth of 26.31% compared to 2019[158]. - The net profit attributable to the parent company's shareholders was 120.38 million RMB, an increase of 35.15% year-over-year[158]. - The net cash flow from operating activities was 150.57 million RMB, an increase of 52.46% year-on-year[192]. Dividend Distribution - The company plans to distribute a cash dividend of 7.00 RMB per 10 shares, totaling approximately 43.36 million RMB, which represents 36.02% of the net profit attributable to shareholders for the year 2020[7]. - The total share capital as of April 18, 2021, was 61,943,857 shares, which serves as the basis for the dividend distribution[7]. - The company did not conduct any capital reserve transfers or issue bonus shares for the year 2020[7]. Audit and Governance - The company has received a standard unqualified audit report from its accounting firm, ensuring the accuracy and completeness of the financial report[6]. - The board of directors and supervisory board members have confirmed the authenticity and completeness of the annual report[4]. - There are no non-operational fund occupations by controlling shareholders or related parties reported[9]. - The company has not violated any decision-making procedures regarding external guarantees[10]. - The company has not disclosed any special arrangements for corporate governance[11]. - The report includes a forward-looking statement risk declaration, indicating that future plans and strategies do not constitute a substantive commitment to investors[8]. Research and Development - The R&D investment as a percentage of operating income increased by 3.23 percentage points to 33.14%[35]. - Research and development (R&D) expenses amounted to ¥151,159,710.16, representing a 39.95% increase from the previous year's ¥108,012,969.64[132]. - R&D expenses accounted for 33.14% of total operating income, up from 29.91% in the previous year, indicating a 3.23% increase[132]. - The company has developed core technologies in 3D geometric modeling, finite element analysis, and mesh generation, enhancing its competitive edge in the market[127]. - The company has established a dedicated R&D team of 458 members, accounting for 50.05% of total employees, including 14 PhDs from prestigious universities[164]. - The company has strengthened its R&D capabilities by recruiting high-quality talent, leading to a more solid domestic industry position and increasing international influence[85]. Market Position and Strategy - The company plans to continue expanding its market presence and invest in new product development to drive future growth[20]. - The company is focused on enhancing its technology offerings, particularly in CAD/CAM and CAE software solutions, to meet evolving market demands[20]. - The company aims to expand the application of its ZW3D software into high-precision fields such as aerospace and automotive[149]. - The company has successfully built a product matrix centered around CAD/CAM/CAE, achieving full coverage in key industrial design and manufacturing areas[48]. - The company is well-positioned to benefit from the trend of domestic industrial software replacing foreign counterparts due to the emphasis on core technology localization[88]. - The company has successfully entered international markets, with product sales covering over 90 countries and regions, and global authorizations exceeding 900,000[167]. Product Development and Innovation - The company has developed its own 2D CAD platform and core technologies, maintaining independence from third-party suppliers, which enhances its competitive edge[75]. - The company has launched educational versions of its CAD products to foster innovation among students, including ZWCAD Education and ZW3D Education[54]. - The company has developed specialized software based on ZWCAD for different industries, including ZW CAD Mechanical and ZW CAD Architectural versions[51]. - The company has established R&D teams in multiple locations, including Guangzhou, Wuhan, Beijing, Shanghai, and Florida, focusing on technology autonomy and innovation[56]. - The company has developed a proprietary 3D geometric modeling kernel that has been validated through extensive industrial production[127]. - The company has implemented a complete data file reading and writing mechanism that supports various 3D design data formats, aligning with international standards[118]. Challenges and Risks - The company is actively addressing risks related to core technology leakage and personnel turnover, which could impact its competitive edge in the industrial software sector[174][175]. - The company faces challenges in transitioning from a perpetual licensing model to a subscription model, which may impact future cash flow stability[177]. - The company is at risk of market share erosion due to intensified competition from both international and domestic rivals in the CAD software industry[181]. - The company's revenue from ZWCAD and ZW3D series products accounted for over 90% of total revenue, indicating a risk due to product singularity[176]. Industry Overview - In 2020, the software and information technology services industry in China generated a total revenue of CNY 816.16 billion, reflecting a year-on-year growth of 13.3%[71]. - The profit for the software and information technology services industry reached CNY 106.76 billion in 2020, with a growth rate of 7.8% compared to the previous year[71]. - The trend of software legalization in China is expected to create a significant market demand for legitimate software suppliers, benefiting the company due to its competitive pricing[87]. - The increasing importance of industrial software in the manufacturing sector highlights the company's role in the digital transformation of manufacturing processes[88].