Financial Performance - The company's operating revenue for Q3 2021 was ¥91,100,073.44, representing a year-on-year increase of 22.87%[5] - The net profit attributable to shareholders was ¥7,032,823.87, a significant increase of 878.38% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥2,288,743.66, up 123.56% year-on-year[5] - Basic and diluted earnings per share were both ¥0.074, reflecting an increase of 840.00% compared to the previous year[6] - Total operating revenue for the first three quarters of 2021 reached ¥215,404,395.22, an increase from ¥168,347,424.51 in the same period of 2020, representing a growth of approximately 28%[21] - Total operating costs for the third quarter of 2021 were ¥241,740,288.66, compared to ¥207,423,670.76 in the previous year, indicating an increase of about 16.5%[22] - The operating profit for the third quarter of 2021 was reported at -¥3,254,705.14, an improvement from -¥23,202,466.37 in the same quarter of 2020[22] - The net profit for the third quarter of 2021 was -¥3,118,819.90, compared to -¥15,140,208.76 in the same period last year, showing a significant reduction in losses[23] - Basic and diluted earnings per share for the third quarter of 2021 were both -¥0.033, an improvement from -¥0.159 in the same quarter of 2020[24] Cash Flow and Investments - The company's cash flow from operating activities showed a net outflow of ¥20,810,563.59, a decrease of 70.61% compared to the previous year[6] - Cash inflow from operating activities for the first three quarters of 2021 was $304,204,952.78, an increase of 33.9% compared to $227,155,850.54 in the same period of 2020[26] - Net cash outflow from operating activities for Q3 2021 was -$20,810,563.59, an improvement from -$70,798,097.20 in Q3 2020[27] - Cash inflow from investment activities in Q3 2021 was $1,332,052,996.90, up from $1,092,844,043.81 in Q3 2020, representing a growth of 21.9%[27] - Net cash outflow from investment activities for Q3 2021 was -$209,384,300.47, compared to -$111,799,436.28 in Q3 2020[27] - Cash outflow from financing activities in Q3 2021 totaled $79,266,904.97, significantly higher than $24,382,600.00 in Q3 2020[28] - The net increase in cash and cash equivalents for Q3 2021 was -$309,461,769.03, compared to -$206,980,133.48 in Q3 2020[28] - The ending balance of cash and cash equivalents for Q3 2021 was $91,306,561.78, compared to $73,312,576.88 in Q3 2020, indicating a year-over-year increase of 24.5%[28] - Total cash received from investment recoveries in Q3 2021 was $1,324,000,000.00, an increase from $1,080,000,000.00 in Q3 2020[27] - Cash paid for the acquisition of fixed assets in Q3 2021 was $2,437,297.37, compared to $1,643,480.09 in Q3 2020, reflecting a rise of 48.3%[27] - Cash paid for investments in Q3 2021 was $1,539,000,000.00, up from $1,203,000,000.00 in Q3 2020, marking an increase of 28%[27] Research and Development - Total R&D investment amounted to ¥19,132,183.55, which is 21.00% of operating revenue, an increase of 2.79 percentage points year-on-year[6] - Research and development expenses for the third quarter of 2021 were ¥46,613,446.64, up from ¥37,897,094.91 in the same period of 2020, indicating a focus on innovation[22] Shareholder Information - Total number of common shareholders at the end of the reporting period was 5,497[13] - The largest shareholder, Liu Yadong, holds 22,771,802 shares, representing 23.87% of total shares[13] - The company has repurchased a total of 2,265,843 shares, accounting for 2.38% of the total share capital[16] - The total amount paid for share repurchases reached RMB 49,514,767.21, excluding transaction fees[16] - The company plans to use repurchased shares for employee stock ownership plans or equity incentives[15] - The maximum repurchase price is set at RMB 30.00 per share, with a total repurchase budget between RMB 50 million and RMB 70 million[15] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,012,359,205.82, a decrease of 7.08% from the end of the previous year[6] - The equity attributable to shareholders decreased by 8.24% to ¥897,458,443.22 compared to the end of the previous year[6] - Non-current assets totaled ¥72,088,718.57, a significant increase from ¥27,760,541.39 in the previous year[19] - Total liabilities amounted to ¥114,900,762.60, compared to ¥111,470,228.16 in the previous year, reflecting a slight increase[19] - The company's total assets were reported at ¥1,012,359,205.82, down from ¥1,089,491,404.11 in the previous year[19] Future Outlook - The company expects continued growth in sales revenue driven by digital transformation and industry-specific needs in key sectors such as finance and government[11] - The increase in net profit is primarily attributed to the growth in sales revenue and a reduction in losses[11]

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 15%[19]. - The net profit attributable to shareholders for the same period was RMB 20 million, up 10% compared to the previous year[19]. - The company's operating revenue increased by CNY 30.1 million, a growth of 31.95% compared to the same period last year, primarily due to increased revenue from the financial industry and digital transformation services[20]. - The net profit attributable to shareholders decreased by CNY 4.085 million, mainly due to increased sales and rising operating costs[21]. - The net cash flow from operating activities increased by CNY 30.4 million compared to the same period last year, primarily due to higher cash receipts from sales[21]. - The company reported a total of CNY 7.26 million in non-recurring gains and losses, with government subsidies contributing CNY 2.26 million[24]. - The company achieved a total R&D investment of ¥27,481,263.09, representing a 12.65% increase compared to the previous period[43]. - The company reported a net loss of ¥70,318,945.40 for the period, with no prior year data available for comparison[164]. - The company reported a total comprehensive income loss of RMB 13.83 million for the current period[173]. User Growth and Market Expansion - User data showed an increase in active users by 25%, reaching a total of 500,000 users by the end of June 2021[19]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% growth in that region by the end of 2022[19]. - The company has successfully expanded into multiple industries, including telecommunications, government, energy, and manufacturing, with notable clients such as China Mobile and China Telecom[54]. Research and Development - The company has allocated RMB 5 million for research and development in artificial intelligence technologies for the current fiscal year[19]. - Research and development expenses accounted for 22.11% of operating revenue, a decrease of 3.79 percentage points compared to the previous year[20]. - The company is focused on continuous R&D investment to enhance its technological capabilities and product offerings, aligning with market trends[35]. - The company has accumulated over 40 key core technologies with independent intellectual property rights and has received 28 authorized invention patents and 215 software copyright registrations[35]. - The company’s R&D efforts focus on enhancing product stability and security through upgrades to various foundational software products[39]. Product Development - New product development includes a low-code development platform, expected to launch in Q4 2021, aiming to capture a 10% market share within the first year[19]. - The company launched new products including the enterprise-level low-code development platform software V5 and the master data management platform software V6[38]. - The Primeton AppServer supports Jakarta EE8 standards and is designed for rapid integration and deployment, enhancing IT resource efficiency[32]. - The Primeton ESB software facilitates communication between heterogeneous software and business modules, improving service integration and governance[33]. - The Primeton BFT platform provides a secure and efficient file transfer solution, supporting concurrent transfers and flexible transmission strategies[33]. - The Primeton DevOps Platform offers a unified management tool for software development and operations, optimizing IT operational efficiency[34]. Financial Position and Assets - The company's total assets decreased by 7.89% from the end of the previous year, amounting to CNY 1,003.5 million[22]. - The company's net assets attributable to shareholders decreased by 7.19% from the end of the previous year, totaling CNY 907.7 million[22]. - The company's total liabilities decreased to CNY 95,813,468.97 from CNY 111,470,228.16, a reduction of about 14.0%[145]. - The company's equity totaled CNY 917,075,531.22, down from CNY 980,869,297.79, a decrease of approximately 6.5%[149]. Shareholder and Governance - The company completed the election of the board of directors and supervisory board during the reporting period, with new independent directors appointed[90]. - The company plans to grant 4.65 million restricted stocks, accounting for 4.87% of the total share capital at the time of the announcement[93]. - The company has implemented a stock incentive plan to enhance team cohesion and attract talent, focusing on the development of a robust talent system[63]. - The company has committed to not reducing its shareholding until the completion of the restructuring plan, which is set to last until September 26, 2020[99]. Compliance and Legal Matters - The financial report has not been audited, but the management assures its accuracy and completeness[19]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[115]. - There were no significant lawsuits or arbitration matters during the reporting period[116]. - The company has not received any penalties or corrective actions related to violations of laws or regulations during the reporting period[116]. Cash Flow and Financing - The company reported a net cash flow from operating activities of -43.51 million RMB, an improvement from -73.93 million RMB in the previous year[73]. - The company's cash flow from financing activities decreased due to share buybacks and increased cash dividends compared to the same period last year[75]. - Cash and cash equivalents dropped to ¥179,413,740.75 from ¥403,191,887.18, a decrease of about 55.6%[143]. - The company distributed dividends amounting to ¥28,191,011.70 during the period[164].

Financial Performance - The company's operating revenue for 2020 was ¥360,718,170.70, a decrease of 8.90% compared to ¥395,978,625.16 in 2019[23]. - Net profit attributable to shareholders decreased by 37.61% to ¥31,365,211.08 from ¥50,274,595.54 in the previous year[23]. - The net profit after deducting non-recurring gains and losses dropped by 82.59% to ¥8,007,188.28, significantly higher than the overall net profit decline[23]. - Basic earnings per share decreased by 52.66% to ¥0.329 from ¥0.695 in 2019[24]. - The weighted average return on net assets fell by 9.68 percentage points to 3.23% compared to 12.91% in the previous year[24]. - The gross profit margin for the software industry was 55.95%, down 3.55 percentage points from the previous year[98]. - The software platform business generated revenue of 254.71 million yuan, a decrease of 9.31% year-on-year[98]. - The application development business based on the software platform saw revenue of 106.01 million yuan, a decrease of 7.91% year-on-year[98]. Cash Dividend Policy - The company plans to distribute a cash dividend of RMB 3.00 per 10 shares, totaling RMB 28,595,389.50, which accounts for 91.17% of the net profit attributable to shareholders for 2020[6]. - The proposed cash dividend for 2020 is CNY 3.00 per 10 shares, totaling CNY 28,595,389.50, which represents 91.17% of the net profit attributable to shareholders[135]. - The cash dividend policy is designed to protect the rights of minority investors and is compliant with the company's articles of association[135]. - The company has a differentiated cash dividend policy based on its development stage, with a minimum cash dividend ratio of 80% for mature companies without major capital expenditures[134]. - The independent directors and supervisory board have approved the profit distribution plan, ensuring transparency and compliance in the decision-making process[135]. Research and Development - Research and development expenses accounted for 15.73% of operating revenue, an increase of 1.81 percentage points from 2019[24]. - The total R&D expenditure for the year was ¥56,750,995.08, representing a 2.98% increase from the previous year's ¥55,109,635.76[59]. - The company has developed over 40 core technologies with independent intellectual property rights, supported by a high proportion of R&D investment[52]. - The company has established a unique iPALM R&D system, enhancing product delivery speed and efficiency through reusable underlying technologies[71]. - The company launched multiple software products, including the Puyuan Application Server Platform Software V7 and Puyuan Low-Code Cloud Application Development Platform, which received several awards[83]. Market Expansion and Strategy - The company aims to enhance its software infrastructure capabilities to support digital transformation for medium and large enterprises and government institutions[33]. - The company is focused on expanding its market presence in the financial, telecommunications, and energy sectors through innovative software solutions[33]. - The digital transformation of enterprises in China is accelerating, with significant growth potential for digital middle platforms supported by national policies[49]. - The company is currently developing the Primeton DSP data sharing platform, which aims to support over 1,000 concurrent job scheduling and provide fine-grained control over data access[67]. - The company plans to strengthen its marketing strategy in the financial sector to improve project delivery efficiency and cost management in 2021[129]. Risk Management - The report includes a detailed discussion of various operational risks and corresponding mitigation strategies[4]. - The company emphasizes that forward-looking statements are based on subjective assumptions and may differ from actual results[7]. - The company identified risks related to core competitiveness, including the need for continuous technological innovation and the challenge of attracting high-end technical talent[89]. Corporate Governance - The board of directors and supervisory board members confirm the authenticity and completeness of the annual report[4]. - There are no non-operating fund occupations by controlling shareholders or related parties[8]. - The company has not violated decision-making procedures for external guarantees[8]. - The company has committed to not reducing its shareholdings during the restructuring period, ensuring stability for investors[137]. - The company’s controlling shareholder committed to not interfere with the company's management activities and to protect the interests of the company and its shareholders[149]. Financial Management - The net cash flow from operating activities increased by ¥18,447,429.64, primarily due to an increase in sales collections[25]. - The net cash flow from investment activities was 126.41 million RMB, a significant increase of 670.41 million RMB from the previous year, mainly due to the maturity of bank wealth management products purchased with idle funds[111]. - The company reported a total revenue of 22,480 million RMB, with a net profit of 5,561.69 million RMB for the year 2020[67]. - The company has established a comprehensive quality control system and has passed CMMI5, ISO9001, and ISO27001 certifications to ensure product quality[185]. Shareholder Information - The total number of ordinary shares was 95,400,000, with 77.29% being restricted shares and 22.71% being unrestricted shares[190]. - The top shareholder, Liu Yadong, holds 22,771,802 shares, representing 23.87% of the total shares[199]. - The company’s shareholder structure includes significant holdings from domestic natural persons, accounting for 55.66% of the total shares[190]. - The top ten shareholders collectively hold 56.12% of the total shares, indicating a significant concentration of ownership[199]. Compliance and Legal Matters - The company guarantees that the prospectus submitted for the initial public offering does not contain any false records, misleading statements, or significant omissions[151]. - There were no significant lawsuits or arbitration matters during the reporting period[161]. - The company will ensure compliance with legal requirements for the issuance of shares and will be held accountable for the accuracy of the prospectus[151].

Financial Performance - Operating revenue increased by 96.19% to CNY 39,050,885.13 compared to the same period last year[6] - Net profit attributable to shareholders was a loss of CNY 9,954,157.34, an improvement from a loss of CNY 23,218,633.30 in the previous year[6] - The net cash flow from operating activities improved significantly, with a net outflow of CNY 48,326,677.93 compared to a net outflow of CNY 78,563,494.27 in the same period last year[6] - Total operating revenue for Q1 2021 was CNY 39,050,885.13, a 96.1% increase from CNY 19,904,209.32 in Q1 2020[32] - Net loss for Q1 2021 was CNY -9,954,157.34, an improvement compared to a net loss of CNY -23,218,633.30 in Q1 2020, reflecting a 57.2% reduction in losses[34] - The total comprehensive loss for Q1 2021 was ¥3,623,435.02, compared to a loss of ¥23,528,952.48 in Q1 2020, reflecting a positive trend[36] Assets and Liabilities - Total assets decreased by 3.56% to CNY 1,050,670,417.21 compared to the end of the previous year[6] - The company's total liabilities decreased from CNY 111,470,228.16 at the end of 2020 to CNY 82,590,582.84 as of March 31, 2021, representing a reduction of approximately 26%[27] - The company's accounts receivable decreased from CNY 199,484,066.60 at the end of 2020 to CNY 183,541,862.30 as of March 31, 2021, a decline of about 7.98%[25] - The company's inventory increased significantly from CNY 23,882,108.31 at the end of 2020 to CNY 46,563,076.25 as of March 31, 2021, reflecting an increase of approximately 95.73%[25] - Total assets decreased to CNY 1,183,928,550.98 from CNY 1,224,648,267.84, a decline of 3.3%[30] - Total liabilities decreased to CNY 206,669,872.45 from CNY 243,778,970.05, a reduction of 15.2%[30] Cash Flow - The net cash flow from operating activities improved by ¥30,236,816.34, reaching -¥48,326,677.93, primarily due to increased sales receipts[15] - The net cash flow from operating activities was -¥48,326,677.93 in Q1 2021, an improvement from -¥78,563,494.27 in Q1 2020[38] - Cash inflow from operating activities was $76,981,975.28, compared to $40,244,914.14 in Q1 2020, representing an increase of 91.3%[41] - The net cash flow from investment activities was $57,505,928.87 in Q1 2021, compared to -$7,656,346.12 in Q1 2020, indicating a positive turnaround[42] - The net increase in cash and cash equivalents for Q1 2021 was $6,573,204.65, contrasting with a decrease of $97,597,672.66 in Q1 2020[42] Shareholder Information - The number of shareholders at the end of the reporting period was 5,009[10] - The top shareholder, Liu Yadong, holds 23.87% of the shares, totaling 22,771,802 shares[10] Research and Development - R&D expenditure accounted for 32.46% of operating revenue, a decrease of 28.33 percentage points from the previous year[6] - Research and development expenses for Q1 2021 were CNY 12,676,888.28, slightly up from CNY 12,099,140.91 in Q1 2020, indicating continued investment in innovation[32] - Research and development expenses increased to ¥12,676,888.30 in Q1 2021, up from ¥10,591,397.86 in Q1 2020, indicating a focus on innovation[35] Government Support and Non-Recurring Items - The company received government subsidies amounting to CNY 41,995.37 during the reporting period[8] - The total non-recurring gains and losses amounted to CNY 2,556,554.27 for the period[8] Corporate Actions - The company has initiated a stock incentive plan, granting 4.65 million restricted shares at a price of ¥21.00 per share[16] - The company plans to repurchase shares with a total amount between ¥20 million and ¥30 million, with a maximum repurchase price of ¥30.00 per share[17] - The company decided to terminate the major asset restructuring transaction due to failure to reach consensus on key terms with the transaction parties, ensuring the protection of investor interests[21] Risks and Future Outlook - The company anticipates a risk of cumulative net profit loss from the beginning of the year to the end of the next reporting period, primarily due to significant seasonal revenue fluctuations[22]

Financial Performance - Operating revenue for the first nine months was CNY 168,347,424.51, a decrease of 5.74% year-on-year[7] - Net profit attributable to shareholders was CNY -15,140,208.76, compared to CNY -1,902,325.22 in the same period last year[7] - The diluted earnings per share for the period was CNY -0.159, compared to CNY -0.027 in the same period last year[8] - Total operating revenue for Q3 2020 was ¥74,142,396.47, a decrease of 27% compared to ¥101,689,962.24 in Q3 2019[28] - Net profit for Q3 2020 was a loss of ¥903,519.22, compared to a profit of ¥20,277,777.45 in Q3 2019[29] - The total profit for Q3 2020 was a loss of ¥1,459,576.22, compared to a profit of ¥23,621,284.79 in Q3 2019[29] - The net profit for Q3 2020 was a loss of ¥351,753.04, compared to a profit of ¥17,676,704.27 in Q3 2019, representing a significant decline[34] - The total comprehensive income for Q3 2020 was -¥351,753.04, compared to ¥17,676,704.27 in Q3 2019, indicating a downturn in overall financial performance[34] Assets and Liabilities - Total assets decreased by 6.96% to CNY 1,012,695,810.99 compared to the end of the previous year[7] - Total liabilities were CNY 81,180,054.88, down from CNY 125,631,523.51, representing a decrease of about 35.36%[23] - Total equity attributable to shareholders was CNY 931,515,756.11, down from CNY 962,822,174.77, indicating a decline of approximately 3.24%[23] - Total current assets were CNY 996,107,856.66, down from CNY 1,074,623,772.22, indicating a decrease of about 7.29%[21] - The company's total assets as of Q3 2020 were ¥1,144,884,991.48, down from ¥1,215,492,499.18 in the previous year[26] - Total liabilities as of Q3 2020 amounted to ¥211,868,489.86, down from ¥252,132,273.72 in the previous year[26] Cash Flow - The company reported a net cash flow from operating activities of CNY -70,798,097.20 for the first nine months[7] - The net cash flow from operating activities for the first three quarters of 2020 was -¥70,798,097.20, compared to -¥63,179,205.13 in the same period of 2019, indicating a decline in operational performance[37] - The net cash flow from investment activities was -¥111,799,436.28, compared to -¥1,396,679.75 in the same period of 2019, reflecting increased investment outflows[39] - The total cash outflow from operating activities was ¥297,953,947.74, slightly lower than ¥302,738,904.45 in the same period of 2019[37] Research and Development - R&D expenditure accounted for 22.51% of operating revenue, an increase of 3.15 percentage points compared to the previous year[8] - R&D expenses increased by 9.61% to ¥37,897,094.91, reflecting the company's increased investment in R&D projects[15] - Research and development expenses for Q3 2020 were ¥13,502,567.98, up from ¥12,495,887.79 in Q3 2019[28] - Research and development expenses increased to ¥13,502,567.98 in Q3 2020, up from ¥10,453,766.10 in Q3 2019, indicating a focus on innovation[33] Shareholder Information - The total number of shareholders at the end of the reporting period was 5,548[10] - The largest shareholder, Liu Yadong, holds 23.87% of the shares, totaling 22,771,802 shares[10] Government Subsidies - The company received government subsidies amounting to CNY 6,599,107.10 during the first nine months[9] - The company reported a significant increase in government subsidies, with operating other income rising to ¥3,315,912.69 from ¥174,807.69 in the previous year[15] Inventory and Assets Management - Inventory increased by 80.17% to ¥51,518,483.21, attributed to project commencement and concentrated project acceptance in Q4[14] - The company’s inventory increased to CNY 51,518,483.21 from CNY 28,593,687.59, reflecting a growth of approximately 80.00%[21] Financial Adjustments and Standards - The company adopted new revenue recognition standards effective January 1, 2020, impacting financial reporting[48] - The cumulative impact of the new revenue standards will adjust the financial statement amounts without altering comparable period data[53] - The company has not applied the new leasing standards retrospectively for prior comparative data[54]

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 15%[13]. - The company's operating revenue for the first half of 2020 was ¥94,205,028.04, representing a 22.48% increase compared to ¥76,912,965.77 in the same period last year[20]. - The net profit attributable to shareholders was -¥14,236,689.54, an improvement from -¥22,180,102.67 in the previous year[20]. - The gross profit margin for the first half of 2020 was reported at 45%, a slight increase from 42% in the same period last year[13]. - The company reported a significant increase in revenue, achieving a total of $500 million for the quarter, representing a 25% year-over-year growth[113]. - The net profit margin was 15%, up from 12% in the previous year, reflecting improved operational efficiency[113]. - The total comprehensive loss for the first half of 2020 was RMB 14,236,689.54, an improvement from RMB 22,180,102.67 in the same period of 2019[163]. Research and Development - Investment in R&D increased by 25% year-on-year, focusing on middleware and cloud computing technologies[13]. - The total R&D investment during the reporting period amounted to ¥24,394,526.93, representing 25.90% of the company's operating revenue[46][47]. - The company has developed 41 core technologies with independent intellectual property rights, including 5 key core technologies and 27 authorized invention patents[29]. - The company has established a unique product management and development model called iPALM, which enhances R&D efficiency and product quality[30]. - The company is investing $50 million in research and development for new technologies aimed at enhancing user experience and operational efficiency[113]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by the end of 2021[13]. - The company is considering strategic acquisitions to bolster its market position, with a budget of up to $200 million allocated for potential deals[113]. - The company aims to expand its market presence by leveraging its advanced technology capabilities and extensive client base[39]. - The cloud application platform business has expanded to cover various industries, including finance, government, telecommunications, and manufacturing[75]. Client and Industry Engagement - The company has a strong presence in various industries, including finance, telecommunications, and energy, with major clients such as Industrial and Commercial Bank of China and China Mobile[29]. - The company operates in three main areas: basic middleware, cloud application platforms, and big data platforms, targeting large and medium-sized clients in various industries[26]. - The company has established a business model of "standard products + platform customization + application development" to meet diverse customer needs[26]. Financial Position and Assets - The company's total assets decreased by 7.54% to ¥1,006,356,475.02 from ¥1,088,453,698.28 at the end of the previous year[20]. - The company's cash and cash equivalents decreased by 60.07% to 113.33 million yuan compared to the previous period[59]. - The company's total current assets amounted to ¥989,819,897.63, a decrease from ¥1,074,623,772.22 at the end of 2019, representing a decline of approximately 7.9%[153]. Risks and Challenges - The company has identified potential risks related to market volatility and has outlined measures to mitigate these risks in its operational strategy[13]. - The company is facing risks related to the COVID-19 pandemic, which has led to project delays and budget cuts from clients, potentially impacting overall orders and revenue for 2020[79]. - The company is at risk of talent shortages in high-end technology positions, which could hinder product development and delivery efficiency as it expands its business[84]. Shareholder and Governance Matters - The company plans to implement a cash dividend distribution policy, ensuring that the annual cash dividends will not be less than 10% of the distributable profits achieved in that year[110]. - The company has committed to maintaining its leadership position in the big data infrastructure market through ongoing research and development efforts[40]. - The company emphasizes compliance with the regulations set forth by the China Securities Regulatory Commission and the Shanghai Stock Exchange regarding shareholding reductions[106]. Awards and Recognition - The company was recognized as a member unit of the National Information Technology Standardization Technical Committee's Cloud Computing Standard Working Group in 2020[42]. - The company was awarded the 2019 Annual AI Empowered Industry Innovation Application Excellent Product Award for its integrated development and operation platform software[42]. - The company was recognized as one of the "Top 50 Trusted Innovation Enterprises" by Internet Weekly and eNet Research Institute in April 2020[73].

Financial Performance - Net profit attributable to shareholders was CNY -23,218,633.30, showing a significant decline from CNY -17,026,482.95 in the same period last year[5] - Operating revenue increased by 6.14% to CNY 19,904,209.32 compared to CNY 18,752,654.94 in the previous year[5] - Total operating revenue for Q1 2020 was ¥19,904,209.32, an increase of 6.13% from ¥18,752,654.94 in Q1 2019[26] - Total operating costs rose to ¥50,155,411.72, up 21.94% from ¥41,129,221.81 in the same period last year[26] - Net profit for Q1 2020 was a loss of ¥23,218,633.30, compared to a loss of ¥17,026,482.95 in Q1 2019, reflecting a deterioration of 36.56%[27] - Total comprehensive income for Q1 2020 was a loss of ¥23,528,952.48, worsening from a loss of ¥15,343,423.23 in Q1 2019[30] Cash Flow - The net cash flow from operating activities was CNY -78,563,494.27, compared to CNY -58,649,691.65 in the same period last year[5] - Cash flow from operating activities decreased significantly to ¥33,481,522.43 from ¥54,860,480.72 in Q1 2019, a decline of 39.06%[31] - Net cash flow from operating activities for Q1 2020 was -CNY 80,822,726.54, worsening from -CNY 55,132,389.88 in Q1 2019[35] - Cash inflow from investment activities in Q1 2020 totaled CNY 50,442,779.00, significantly higher than CNY 5,821.06 in Q1 2019[36] - Cash outflow from investment activities for Q1 2020 was CNY 58,099,125.12, compared to CNY 506,880.63 in Q1 2019[36] - Net cash flow from investment activities for Q1 2020 was -CNY 7,656,346.12, compared to -CNY 501,059.57 in Q1 2019[36] Assets and Liabilities - Total assets decreased by 6.68% to CNY 1,015,769,226.07 compared to the end of the previous year[5] - Total current assets decreased from ¥1,074,623,772.22 to ¥1,001,803,810.77, a decline of approximately 6.75%[20] - Total non-current assets increased slightly from ¥13,829,926.06 to ¥13,965,415.30, an increase of about 0.98%[20] - Total liabilities decreased from ¥125,631,523.51 to ¥77,067,894.50, a reduction of approximately 38.67%[21] - Total equity attributable to shareholders decreased from ¥962,822,174.77 to ¥938,701,331.57, a decline of about 2.5%[21] - Total current liabilities decreased from ¥124,654,909.67 to ¥75,822,072.20, a reduction of about 39.2%[21] Shareholder Information - The total number of shareholders at the end of the reporting period was 6,073[10] - The largest shareholder, Liu Yadong, held 23.87% of the shares, totaling 22,771,802 shares[10] Research and Development - R&D investment accounted for 60.79% of operating revenue, an increase of 10.70 percentage points from 50.08%[5] - Research and development expenses increased to ¥12,099,140.91, a 28.83% rise compared to ¥9,392,240.81 in Q1 2019[26] Revenue Recognition Standards - The company executed the new revenue recognition standards starting January 1, 2020, impacting financial reporting[42] - The company implemented new revenue recognition standards starting January 1, 2020, impacting financial reporting[47] - The accumulated impact of the new revenue standards will adjust the financial statement amounts for the beginning of 2020[47] - The company has not made adjustments to comparable period data due to the new revenue standards[48] Other Financial Metrics - The weighted average return on equity was -8.72%, down from -6.32% in the previous year[5] - Basic and diluted earnings per share were both CNY -0.243, compared to CNY -0.255 in the same period last year[5] - The company reported a non-operating income of CNY 2,524,578.77, which includes various non-recurring gains[9] - The company reported a significant increase in employee compensation payments, totaling CNY 83,158,428.19 in Q1 2020, compared to CNY 74,707,845.78 in Q1 2019[32]

Financial Performance - The company's operating revenue for 2019 was CNY 395,978,625.16, representing a 16.40% increase compared to CNY 340,191,647.22 in 2018[23]. - The net profit attributable to shareholders for 2019 was CNY 50,274,595.54, which is a 4.67% increase from CNY 48,031,423.44 in 2018[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 46,002,825.90, up 2.21% from CNY 45,008,625.84 in 2018[23]. - The total assets at the end of 2019 were CNY 1,088,453,698.28, reflecting a 176.75% increase from CNY 393,305,269.08 at the end of 2018[23]. - The net assets attributable to shareholders at the end of 2019 were CNY 962,822,174.77, which is a 246.34% increase from CNY 277,996,946.91 at the end of 2018[23]. - Basic earnings per share decreased by 3.34% to CNY 0.695 compared to CNY 0.719 in the previous year[24]. - The weighted average return on equity fell by 5.40 percentage points to 12.91% from 18.31% in the previous year[24]. - The net cash flow from operating activities for 2019 was negative CNY 1,029,709.57, a decrease of 105.17% compared to CNY 19,931,061.94 in 2018[23]. Dividend Policy - The company plans to distribute a cash dividend of RMB 1.60 per share, totaling approximately RMB 15,264,000, which represents 30.36% of the net profit attributable to shareholders for the year 2019[5]. - The cash dividend policy stipulates that the company will distribute no less than 10% of the annual distributable profit in cash if conditions are met[156]. - The proposed cash dividend distribution for 2019 is CNY 1.60 per 10 shares, totaling an estimated cash dividend of CNY 15,264,000.00, which represents 30.36% of the net profit attributable to shareholders[158]. - The cash dividend distribution plan has been approved by the board and requires shareholder meeting approval[159]. - The company has maintained a cash dividend payout ratio of at least 30% for the year 2019, reflecting a commitment to returning value to shareholders[158]. Research and Development - Research and development expenses accounted for 13.92% of operating revenue, an increase of 0.29 percentage points from the previous year[24]. - The company has developed 41 core technologies with independent intellectual property rights, including 27 authorized invention patents and 181 software copyrights[37]. - The company has filed multiple patents related to big data governance and metadata management, indicating a strong focus on innovation[60]. - The company has achieved significant recognition, being named one of the top 50 big data companies in China and a member of the DevOps standard working group in 2019[68]. - The company has a strong focus on R&D investment, which has led to continuous innovation and the application of core technologies across its products and services[67]. Market Position and Strategy - The company operates in the software infrastructure sector, focusing on cloud application platforms, big data platforms, and SOA integration platforms[35]. - The company aims to assist clients in achieving digital transformation through its software platform products and services[35]. - The company is positioned as a major supplier in the cloud application infrastructure market, which is still in its early stages, indicating substantial future growth potential[54]. - The company has a diverse client base, including major clients such as Industrial and Commercial Bank of China and Huawei Technologies, which validates its technology in key projects[38]. - The company is focusing on middleware and has been dedicated to this field for over a decade, responding to national policies to promote technological advancement in the industry[48]. Risks and Challenges - The company has outlined various risks and countermeasures in its report, emphasizing the importance of understanding potential operational risks[4]. - The report includes forward-looking statements that are subject to various uncertainties, indicating that actual results may differ from projections[6]. - The company faces risks related to maintaining core competitiveness, including the need for continuous technological upgrades and the potential shortage of high-end technical talent[109][110]. - Rising labor costs, particularly for high-end technical personnel, may negatively impact the company's overall gross margin and future profitability[112]. Corporate Governance - The independent directors and supervisory board have reviewed and agreed to the profit distribution plan, ensuring compliance with corporate governance standards[159]. - The company has established a robust internal control system and governance structure to protect the rights of all shareholders, particularly minority shareholders[192]. - The company has committed to improving operational efficiency through advanced resource allocation and monitoring technologies, supported by proprietary research and development efforts[62]. Future Outlook - The company plans to enhance its digital marketing strategy, expecting a 10% increase in customer engagement[167]. - The company is considering strategic acquisitions to bolster its market position, with a budget of $100 million allocated for potential deals[167]. - In 2020, the company plans to focus on the development of cloud application platforms and big data middleware, increasing R&D investment and enhancing product performance[147][148]. - The company will expand its market presence in key industries such as finance, telecommunications, government, energy, and manufacturing, enhancing brand influence in these sectors[149].