Financial Performance - The company's operating revenue for Q1 2022 was CNY 51,780,403.96, representing a year-on-year increase of 30.75%[3] - Total operating revenue for Q1 2022 was CNY 51,780,403.96, an increase of 30.6% compared to CNY 39,602,021.35 in Q1 2021[15] - The net profit attributable to shareholders was a loss of CNY 13,801,283.84, with a basic and diluted earnings per share of -0.12 CNY[3] - Net loss for Q1 2022 was CNY 14,640,400.23, slightly improved from a net loss of CNY 15,550,183.25 in Q1 2021[16] - Operating profit for Q1 2022 was CNY -14,793,885.11, compared to CNY -18,215,189.87 in Q1 2021[16] - Basic and diluted earnings per share for Q1 2022 were both CNY -0.12, compared to CNY -0.13 in Q1 2021[17] Cash Flow - The net cash flow from operating activities was a negative CNY 61,423,483.62[3] - Cash inflow from operating activities in Q1 2022 was CNY 78,379,902.90, an increase from CNY 60,324,981.78 in Q1 2021[19] - The net cash outflow from operating activities was -$61,423,483.62, compared to -$40,315,675.75 in the previous period, indicating a decline of approximately 52.3%[20] - The total cash outflow from operating activities amounted to $139,803,386.52, up from $100,640,657.53, indicating an increase of approximately 38.8%[20] - Cash paid for purchasing goods and services in Q1 2022 was CNY 62,999,687.22, compared to CNY 22,908,075.95 in Q1 2021[19] - The ending cash and cash equivalents balance decreased to $861,313,167.03 from $1,149,088,600.86, a decline of about 25.1%[20] Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,764,942,413.08, a decrease of 9.22% from the end of the previous year[4] - The company's total assets amounted to RMB 1,764,942,413.08, a decrease from RMB 1,944,288,953.11 at the end of 2021, reflecting a decline of approximately 9.2%[11] - The company's cash and cash equivalents decreased to RMB 871,223,328.72 from RMB 1,165,358,182.15, representing a decline of about 25.3%[11] - Total liabilities as of Q1 2022 were CNY 379,692,924.54, down from CNY 544,399,064.34 in the previous year[13] - The company's total liabilities decreased to RMB 337,328,677.77, down from RMB 491,873,814.11, indicating a significant reduction in financial obligations[12] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,739[7] - The largest shareholder, Beijing Shangao Enterprise Management Co., Ltd., held 47,224,294 shares, accounting for 41.77% of the total shares[8] - Total equity attributable to shareholders was CNY 1,393,994,763.10 in Q1 2022, slightly down from CNY 1,407,796,046.94 in Q1 2021[13] Research and Development - Research and development expenses totaled CNY 12,119,992.04, an increase of 34.52% compared to the previous year, accounting for 23.41% of operating revenue[3][4] - The company plans to continue increasing R&D investment to enhance the competitiveness of its core products[6] Other Financial Metrics - The weighted average return on net assets was -0.99%[3] - The company reported non-recurring gains and losses of CNY 3,347,623.90 after tax[6] - The company has not reported any new product developments or market expansion strategies during this quarter[10] - Total operating costs for Q1 2022 were CNY 71,880,208.45, up 22.1% from CNY 58,840,078.18 in Q1 2021[16] - Cash inflow from financing activities was $19,820,000.00, slightly lower than $20,000,000.00 in the previous period, showing a decrease of about 0.9%[20] - The total cash outflow from investing activities was -$100,014,598.32, significantly higher than -$4,050,617.48 in the prior period, reflecting an increase of approximately 2371.5%[20]

Financial Performance - In 2021, the company distributed cash dividends of 1.48 CNY per 10 shares, totaling approximately 16.73 million CNY, which accounts for 30.08% of the net profit attributable to shareholders[17]. - The company reported a revenue of RMB 1.2 billion for the fiscal year 2021, representing a year-over-year growth of 15%[21]. - The company reported a net profit margin of 20%, up from 18% in the previous year[21]. - Net profit attributable to shareholders was RMB 55.62 million, reflecting a growth of 15.78% year-over-year[36]. - The company achieved operating revenue of RMB 471.00 million in 2021, an increase of 2.03% compared to the previous year[35]. - The company provided a forward guidance of 10% revenue growth for the next fiscal year, projecting revenues to reach RMB 1.32 billion[23]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion CNY for the fiscal year, representing a 15% year-over-year growth[27]. - The company achieved a total revenue of 471 million yuan, representing a year-on-year increase of 2.03%[43]. - The company reported a gross margin of 40%, indicating strong operational efficiency[27]. - The company reported a significant decline in project revenue, down 70.98% to 3,814,649.84[116]. Market Expansion and Strategy - The private cloud market in China is projected to reach 144.68 billion CNY by 2023, indicating significant growth potential for the company[7]. - The company aims to deepen its presence in key sectors such as government, rail transit, and public security while expanding into potential industries like equipment manufacturing and finance[12]. - Market expansion efforts led to a 40% increase in market share in the Southeast Asia region[22]. - The company plans to continue enhancing its "industry + cloud" strategy to improve customer stickiness and market coverage[35]. - The company is considering strategic acquisitions to enhance its technology portfolio, with a budget of 300 million CNY allocated for potential deals[27]. - The company plans to actively explore new customers and fields while maintaining existing regional clients under its strategic framework[113]. Research and Development - The company invested RMB 200 million in R&D for new technologies, focusing on AI and big data analytics[23]. - Research and development expenses accounted for 9.70% of operating revenue, an increase of 2.35 percentage points compared to the previous year[35]. - The company filed 13 new invention patent applications and 48 software copyright applications during the reporting period[45]. - The company has established a data governance framework that enhances data quality and promotes sustainable data sharing practices[71]. - The company has achieved a total of 295 patents granted, including 32 invention patents[81]. - The company is currently developing multiple projects, with a total investment of ¥6.00 million planned for intelligent cloud data lake systems and ¥7.00 million for BPMN standard cloud service orchestration software[86]. Technology and Innovation - The company has developed a complete cloud computing architecture for public security, covering over 300,000 police officers with mobile policing applications[9]. - The company has developed a full-stack enterprise-level cloud platform and information services for various industries, including government, finance, and military[47]. - The cloud computing services include advanced technologies such as software-defined data centers, container and microservices DevOps, and data lake technology[60]. - The company has developed a blockchain-as-a-service technology that enhances the processing performance of blockchain applications[66]. - The company has integrated big data technology with cloud technology, achieving performance loss control within 3% and enabling minute-level delivery of Hadoop and Spark clusters[68]. - The company is focused on enhancing its data services through AI and data governance technologies, providing robust data analysis capabilities[60]. Governance and Compliance - The board of directors held 9 meetings during the reporting period, ensuring compliance with legal requirements[145]. - The supervisory board conducted 8 meetings, effectively overseeing the company's financial and operational compliance[145]. - The company has revised its governance structure and internal control systems to improve operational standards and protect shareholder rights[146]. - The company is currently in a stable governance phase with no significant changes in the board or management structure reported[150]. - The company has implemented a comprehensive procurement internal control management system to protect the rights of suppliers and customers[191]. - The company has established a robust information disclosure management system, ensuring timely, accurate, and complete information disclosure to all investors[193]. Customer and Market Dynamics - User data showed an increase in active users by 25% year-over-year, reaching 5 million active users by the end of 2021[22]. - Customer satisfaction ratings improved to 90%, reflecting the effectiveness of recent service enhancements[27]. - The top five customers contributed CNY 20,078.89 million, accounting for 42.63% of total annual sales[123]. - The company has established a comprehensive welfare system, including basic salary, position salary, and performance bonuses based on quarterly assessments[172]. - The company is focusing on multi-tenant application management to reduce system maintenance costs and ensure data integrity and security[91]. Financial Health and Investments - Total assets increased by 12% to RMB 3 billion, reflecting strong financial health and growth potential[22]. - The company's total assets reached RMB 1,944.29 million, a 138.73% increase year-over-year, mainly due to funds raised from the IPO[36]. - Cash and cash equivalents increased by 862.73% to 1,165,358,182.15 RMB, primarily due to the receipt of IPO financing[131]. - The company has achieved a significant reduction in network latency and improved data sharing efficiency through intelligent traffic control methods[80]. - The company has not yet achieved profitability since its listing, indicating ongoing investment in growth and development[15]. Challenges and Risks - The company faced risks related to market competition in the cloud computing sector, with increasing pressure from new entrants and existing competitors[97]. - The ongoing COVID-19 pandemic has delayed project acceptance and payment collection, potentially impacting short-term profitability[98]. - The company anticipates continued challenges in project revenue but remains optimistic about technology and education sectors[118]. - The accounts receivable balance increased from approximately 221 million RMB in 2019 to about 376 million RMB in 2021, with overdue accounts receivable rising to 30.26% of the total[99].