Financial Performance - The company reported a revenue of CNY 133.11 million in 2021, a decrease of 4.13% compared to CNY 138.84 million in 2020[26]. - The net loss attributable to shareholders was CNY 72.96 million in 2021, a decline of 334.30% from a profit of CNY 31.14 million in 2020[26]. - The basic earnings per share for 2021 was -CNY 1.64, down 295.24% from CNY 0.84 in 2020[28]. - The company's total assets decreased by 6.34% to CNY 819.28 million at the end of 2021, compared to CNY 874.72 million at the end of 2020[27]. - The net cash flow from operating activities was -CNY 74.81 million in 2021, a decline of 375.54% from CNY 27.15 million in 2020[26]. - The company's net assets attributable to shareholders decreased by 8.19% to CNY 772.04 million at the end of 2021, compared to CNY 840.89 million at the end of 2020[27]. - The company reported a compound annual growth rate (CAGR) of 11.1% in the global Application Performance Management (APM) market, projected to reach approximately $4.48 billion by 2023[52]. - The company reported a total revenue of $93.4 million with a net income of $36.85 million for the year 2021[82]. - The company reported a total revenue of 1.5 billion in 2021, representing a year-over-year growth of 20%[170]. Research and Development - Research and development expenses accounted for 52.23% of revenue in 2021, an increase of 23.76 percentage points from 28.47% in 2020[28]. - The company achieved a total R&D expenditure of ¥69,523,044.12 in 2021, representing a significant increase of 75.90% compared to ¥39,523,251.14 in the previous year[76]. - The company has developed 27 core technologies, including "mobile APP online transaction process script recording and automatic playback technology" and "massive data high concurrency real-time access and online offline processing technology"[73]. - The company is investing $50 million in R&D for new technologies, focusing on AI and machine learning[164]. - The company has made significant advancements in machine learning technologies for performance analysis and anomaly detection, enhancing its service capabilities[72]. Operational Efficiency - The company emphasizes the importance of digital transformation and its integration with traditional industries[12]. - The implementation of online stream processing technology allows for rapid detection of anomalies within milliseconds to minutes, improving operational efficiency[14]. - The company is focusing on the development of microservices architecture, enabling independent deployment and communication of services, which enhances scalability and flexibility[16]. - The company is currently experiencing a decline in revenue from the internet-related sector, as it transitions into traditional industries, which are slower in digital transformation[26]. - The company has established a comprehensive R&D management system to ensure product quality and efficiency, following a standard software development process[51]. Market Expansion - The company has expanded its customer base beyond the internet sector to traditional industries such as finance, manufacturing, and energy, including notable clients like Huawei and State Grid Corporation[50]. - Future expansion plans include leveraging cloud computing to enhance service delivery and resource accessibility for clients[15]. - The company is focusing on penetrating traditional industries, which require longer customer cultivation and industry penetration time due to their lower level of informationization[26]. - The company plans to use raised funds for digital experience product upgrades and R&D center construction, facing potential project completion risks[97]. - The company is actively pursuing market expansion strategies to enhance its competitive position[162]. Governance and Compliance - The company has established a comprehensive governance structure, ensuring compliance and effective decision-making through regular board meetings and shareholder engagement[149]. - The company has maintained transparency by disclosing significant information accurately and timely, protecting the interests of minority investors[151]. - The company has not faced any significant competition issues from the controlling shareholder or related parties[152]. - The company’s governance structure includes a remuneration and assessment committee responsible for salary proposals[173]. - The company has not reported any instances of directors failing to attend meetings consecutively[178]. Technology and Innovation - The company is focused on developing new technologies such as AIOps to enhance IT operations efficiency[13]. - The integration of monitoring tools with automation and IT service management tools is expected to enhance IT operations management, increasing automation and flexibility[55]. - The company has developed proprietary technologies for large-scale time-series data processing and responsive analysis, facilitating rapid data storage and query capabilities[49]. - The company has developed a technology that automates the deployment and configuration of performance monitoring probes, requiring no manual intervention from users[69]. - The company is enhancing its APM product capabilities to adapt to cloud environments, which are becoming increasingly complex due to digital transformation and the adoption of new technologies like microservices and containerization[142]. Risks and Challenges - The company faces various operational risks, which are detailed in the report[4]. - The company is currently experiencing a decline in revenue from the internet-related sector, as it transitions into traditional industries, which are slower in digital transformation[26]. - The company faces risks related to potential performance declines due to high personnel turnover and increasing human resource costs if new client acquisition does not meet expectations[90]. - The company is exposed to financial risks associated with accounts receivable management, necessitating improved credit management[94]. - The company has seen an increase in accounts receivable, which poses a risk of bad debts affecting operational performance[92].

Financial Performance - The company's operating revenue for Q1 2022 was ¥32,162,270.02, representing a year-on-year increase of 5.25%[2]. - The net profit attributable to shareholders was -¥23,190,246.34, with a significant increase in R&D investment totaling ¥23,736,114.03, up 58.13% year-on-year[2][8]. - The net profit for Q1 2022 was a loss of ¥22,970,119.41, worsening from a loss of ¥15,798,068.43 in Q1 2021, indicating a decline of approximately 45.0%[28]. - The basic and diluted earnings per share were both -¥0.52, reflecting the decrease in net profit attributable to shareholders[2][8]. - Operating profit for Q1 2022 was -29,147,147.50 RMB, compared to -15,923,253.84 RMB in Q1 2021, indicating a significant decline in operational performance[20]. - The total revenue from sales of goods and services was 34,202,080.06 RMB in Q1 2022, an increase from 30,231,518.62 RMB in Q1 2021, indicating growth in sales[22]. Research and Development - R&D investment accounted for 73.80% of operating revenue, an increase of 24.68 percentage points compared to the previous year[3]. - R&D expenses in Q1 2022 amounted to CNY 23,736,114.03, a significant increase of 58.8% compared to CNY 15,010,868.42 in Q1 2021[18]. - The company implemented an equity incentive plan in February 2021, increasing compensation and share-based payment expenses for sales and R&D personnel, impacting net profit[7]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥27,536,961.36, primarily due to increased cash payments for employee training and recruitment[8]. - Cash flow from operating activities was -27,536,961.36 RMB in Q1 2022, worsening from -15,694,082.42 RMB in Q1 2021[23]. - Cash and cash equivalents as of March 31, 2022, were CNY 619,603,135.01, down from CNY 648,747,056.48 as of December 31, 2021[14]. - The total cash and cash equivalents at the end of Q1 2022 were CNY 619,098,790.65, down from CNY 647,642,479.86 at the end of Q1 2021, a decrease of 4.00%[31]. - The cash inflow from sales of goods and services was CNY 34,202,080.06, an increase from CNY 30,231,518.62 in Q1 2021, reflecting a growth of 13.00%[30]. Assets and Liabilities - Total assets at the end of the reporting period were ¥797,846,193.90, a decrease of 2.62% from the end of the previous year[3]. - The company's total equity as of March 31, 2022, was ¥753,034,866.40, down from ¥772,109,853.74 as of December 31, 2021, reflecting a decrease of approximately 2.5%[27]. - Total liabilities as of March 31, 2022, were CNY 45,102,712.74, a decrease from CNY 47,236,753.96 at the end of 2021[16]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 2,692[10]. - The top three shareholders held a combined 45.13% of the shares, with the largest shareholder owning 23.12%[10]. Other Information - The company has not disclosed any new product or technology developments in the current report[12]. - There are no significant mergers or acquisitions reported during the quarter[12].

Financial Performance - The company's operating revenue for Q3 2021 was ¥30,453,970.22, representing a year-over-year increase of 39.50%[5] - The net profit attributable to shareholders was -¥28,430,164.40, with a significant year-over-year decrease of 847.58%[5] - The net profit after deducting non-recurring gains and losses was -¥31,580,746.51, reflecting a year-over-year decrease of 1,192.00%[6] - The basic and diluted earnings per share were both -¥0.64, showing a year-over-year decrease of 852.17%[6] - Net loss for Q3 2021 was ¥28,430,164.40, compared to a net loss of ¥9,487,141.31 in Q3 2020, indicating a worsening financial position[26] - Operating profit for Q3 2021 was -¥27,873,400.58, a decline from -¥10,696,931.00 in Q3 2020[26] - The company reported a total profit loss of ¥27,876,744.53 for Q3 2021, compared to a loss of ¥10,723,422.42 in Q3 2020[26] Research and Development - The total R&D investment amounted to ¥18,634,516.01, which is an increase of 55.32% compared to the same period last year[6] - R&D expenses accounted for 61.19% of operating revenue, up by 6.24 percentage points year-over-year[6] - Research and development expenses for Q3 2021 were ¥18,634,516.01, up from ¥11,997,188.69 in Q3 2020, highlighting increased investment in innovation[25] - R&D expenses rose by 76.51% to ¥52,933,228.35, driven by higher personnel costs and share-based payments[13] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥807,632,761.35, down 7.67% from the end of the previous year[6] - The equity attributable to shareholders decreased to ¥774,521,983.58, a decline of 7.89% compared to the end of the previous year[6] - As of September 30, 2021, total assets amounted to CNY 807.63 million, down from CNY 874.72 million at the end of 2020[22] - The total liabilities were CNY 33.11 million, a slight decrease from CNY 33.83 million at the end of 2020[22] - The company reported a total equity of CNY 774.52 million as of September 30, 2021[22] Cash Flow - The cash flow from operating activities was -¥26,981,653.04, with no applicable year-over-year comparison[6] - Net cash flow from operating activities decreased by 987.21% to -¥62,971,668.35, mainly due to increased employee compensation[14] - Cash flow from operating activities for the first three quarters of 2021 was ¥102,028,174.40, slightly down from ¥102,527,849.97 in the same period of 2020[29] - The net cash flow from operating activities was -$62.97 million, compared to -$5.79 million in the previous year, indicating a significant decline in operational performance[30] - Cash inflow from investment activities totaled $660.52 million, up from $348.89 million year-over-year, reflecting a strong recovery in investment returns[30] - The net cash flow from investment activities was $69.93 million, a turnaround from a negative $172.74 million in the same quarter last year[30] - Cash outflow from financing activities was $9.28 million, a decrease from $11.37 million in the previous year, showing improved cash management[30] Operational Costs - Operating costs increased by 38.64% to ¥29,841,770.34, attributed to higher software procurement costs[13] - Total operating costs for Q3 2021 were ¥62,876,383.37, up from ¥35,167,979.73 in Q3 2020, reflecting a significant increase in expenses[25] - Total cash outflow from operating activities was $164.99 million, an increase from $108.32 million year-over-year, highlighting rising operational costs[30] - The company paid $102.87 million in employee compensation, significantly higher than $53.84 million in the previous year, reflecting increased workforce investment[30] Market Position and Partnerships - The company established strong partnerships in key sectors such as banking, securities, insurance, and energy, with the financial industry becoming the largest revenue source[18] - The company has made progress in market expansion, particularly in the financial sector, surpassing the internet industry in revenue contribution[18] Other Financial Metrics - Financial expenses decreased by 367.45% to -¥8,719,993.75, due to increased interest income[13] - Other income decreased by 48.33% to ¥2,102,889.52, primarily due to reduced VAT refunds[14] - The company distributed $8.88 million in dividends, marking a strategic decision to return value to shareholders despite operational losses[30] - The company did not apply the new leasing standards in the current financial reporting period, maintaining consistency in financial reporting practices[31]

Financial Performance - The company reported a total revenue of 100 million RMB for the first half of 2021, representing a year-on-year increase of 20%[1]. - The company's operating revenue for the first half of 2021 was ¥62,514,344.05, a decrease of 14.58% compared to ¥73,184,471.90 in the same period last year[23]. - The net profit attributable to shareholders of the listed company was -¥48,273,209.55, representing a decline of 344.45% from ¥19,747,338.81 in the previous year[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥49,800,570.89, a decrease of 376.12% compared to ¥18,035,551.50 in the same period last year[23]. - The net cash flow from operating activities was -¥35,990,015.31, a significant decline from ¥3,938,114.29 in the previous year, reflecting a decrease of 1,013.89%[23]. - The gross profit margin for the first half of 2021 was reported at 60%, up from 55% in the same period last year[1]. - The company reported a basic earnings per share of -1.09 CNY, a decrease of 284.75% compared to the same period last year[24]. - The company's total assets at the end of the reporting period were ¥831,241,149.05, a decrease of 4.97% compared to ¥874,718,681.88 at the end of the previous year[23]. Research and Development - The company is investing 10 million RMB in R&D for new technologies aimed at enhancing IT operational management solutions[1]. - Research and development expenses increased by 90.63% to 34,298,712.34 CNY, reflecting the company's focus on enhancing its product ecosystem[26]. - The ratio of R&D investment to operating income rose to 54.87%, an increase of 30.29 percentage points year-over-year[32]. - The company has developed 27 core technologies and holds 7 authorized invention patents, with 65 patents pending and 71 software copyrights[45]. - The company has strengthened its R&D capabilities, leading to an increase in the number of technical service personnel and related salary expenses[64]. - The company achieved a total R&D investment of ¥34,298,712.34, representing a 90.63% increase compared to ¥17,991,928.05 in the previous period[62]. 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 2022[1]. - A merger with a local tech firm is anticipated to be finalized by Q4 2021, expected to enhance service offerings and customer reach[1]. - The company aims to penetrate traditional industries such as finance, aviation, and manufacturing with tailored APM solutions[39]. - The company is exploring potential acquisitions to enhance its product portfolio, with a budget of $200 million allocated for this purpose[111]. - The company is focusing on expanding its market presence through innovative technologies and strategic partnerships in the APM sector[50]. Risks and Challenges - The company has identified potential risks related to market competition and regulatory changes, which are detailed in the management discussion section[1]. - The company faces risks related to significant performance declines or losses due to high reliance on skilled personnel and potential market competition[80]. - The company is at risk of not being recognized as a high-tech enterprise, which could affect its tax benefits and overall performance[86]. - Accounts receivable increased due to delayed customer payments influenced by the COVID-19 pandemic and macroeconomic conditions[82]. Shareholder and Financial Policies - The board has approved a profit distribution plan, proposing a dividend payout of 5 million RMB to shareholders[1]. - The company is committed to maintaining a stable dividend policy, with plans to distribute $15 million to shareholders in the upcoming quarter[114]. - The company has established a profit distribution policy to ensure reasonable returns for investors, aligning with its development strategy and operational conditions[143]. - The company will not engage in high-risk investments or provide financial assistance to entities outside of its subsidiaries during the specified period[115]. Technological Advancements - The company focuses on application performance management (APM) services, which are crucial for digital transformation in various industries[36]. - The company leverages machine learning to create dynamic baselines for application health standards, enhancing user experience monitoring[36]. - The integration of AI and machine learning into APM products is expected to significantly improve operational efficiency and reduce troubleshooting costs[43]. - The company has developed a multi-protocol online streaming technology that supports various protocols such as HTTP, HTTPS, RTSP, and HLS, enhancing user experience in media playback[50]. Future Outlook - The company has outlined a strategic goal to achieve a 25% increase in overall revenue for the full year 2021[1]. - Future strategies may include market expansion and new product development to enhance revenue streams[199]. - The company is committed to developing new products and technologies that align with the growing demands of the 5G and IoT markets[49].

Financial Performance - Operating revenue for the period was CNY 30,557,807.05, representing an increase of 6.61% year-on-year[5] - Net profit attributable to shareholders was a loss of CNY 15,798,068.43, a decrease of 546.99% compared to the previous year[5] - Basic earnings per share were -CNY 0.36, a decline of 427.27% year-on-year[6] - The company reported non-recurring gains of CNY 1,258,138.31 during the period[8] - The net profit turned from profit to loss, decreasing by RMB 19.33 million year-on-year, primarily due to an increase in period expenses by RMB 18.54 million[17] - The company experienced a net profit loss of 19.33 million yuan compared to the previous year, primarily due to a 18.54 million yuan increase in expenses[22] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -17.06 million, a year-on-year decrease of 735.52%[29] - The company reported a net loss of CNY 15,798,068.43 in Q1 2021, compared to a net profit of CNY 3,534,304.41 in Q1 2020, indicating a significant decline in profitability[37] - Operating profit for Q1 2021 was CNY -15,923,253.84, a decrease from CNY 4,235,737.32 in the same period last year[37] - The total comprehensive loss for Q1 2021 was CNY -15,798,068.43, compared to a comprehensive income of CNY 3,534,304.41 in Q1 2020[38] Assets and Liabilities - Total assets at the end of the reporting period were CNY 856,693,333.16, a decrease of 2.06% compared to the end of the previous year[5] - The total liabilities as of March 31, 2021, were CNY 29.81 million, compared to CNY 33.83 million as of December 31, 2020[34] - The company’s total equity as of March 31, 2021, was CNY 826.89 million, down from CNY 840.89 million as of December 31, 2020[34] - The company's cash and cash equivalents amounted to CNY 647.65 million as of March 31, 2021, down from CNY 666.37 million as of December 31, 2020[32] Cash Flow - Net cash flow from operating activities was -CNY 15,694,082.42, worsening by 35.56% compared to the previous year[5] - Cash flow from operating activities showed a net outflow of CNY -15,694,082.42, worsening from CNY -11,577,339.82 in Q1 2020[39] - The company recorded cash inflow from investment activities of CNY 100,523,185.14, down from CNY 110,966,953.42 in the previous year[39] - The cash and cash equivalents at the end of Q1 2021 stood at CNY 647,642,479.86, compared to CNY 147,105,180.64 at the end of Q1 2020[39] Research and Development - Research and development expenses accounted for 49.12% of operating revenue, an increase of 18.61 percentage points compared to the previous year[6] - Research and development expenses rose by 71.64% to RMB 15.01 million, driven by an increase in technical service personnel[14] - Research and development expenses for Q1 2021 were CNY 15.01 million, an increase from CNY 8.75 million in Q1 2020[36] Shareholder Information - The total number of shareholders at the end of the reporting period was 2,598[10] - The top shareholder, Li Kai, held 23.12% of the shares, amounting to 10,266,270 shares[10] Expenses - In Q1 2021, total expenses amounted to 37.36 million yuan, an increase of 18.54 million yuan or 98.51% year-over-year[22] - Sales expenses surged by 148.80% to RMB 16.90 million, attributed to the expansion of the sales team[14] - The company experienced a significant increase in cash outflow from operating activities, amounting to RMB -15.69 million, a 35.56% increase compared to the previous year[15] - The company’s financial expenses for Q1 2021 were CNY -3,844,545.89, a decrease from CNY -161,598.78 in Q1 2020, indicating improved cost management[37] Strategic Focus - The company aims to accelerate business development and expand its personnel scale to capture the APM market[17] - The strategic focus remains on the APM sector, with no significant changes in development direction since the company's inception[21] - The company aims to leverage market opportunities from digital transformation and 5G to accelerate market expansion and enhance operational scale[22] - The company plans to continue expanding its sales and R&D teams to maintain technological competitiveness and market share[23] Customer and Collection Information - The accounts receivable balance as of December 31, 2020, was 71.90 million yuan, with a collection amount of 27.13 million yuan, resulting in a collection rate of 37.73%[25] - The collection rate for the top five customers from 2020 was 51.41%, indicating a low risk of bad debt losses[26] - Accounts receivable decreased by 82.73% to RMB 269,594.94 due to the maturity of commercial acceptance bills[13] - Prepayments increased by 219.34% to RMB 2.33 million, mainly due to increased payments for server hosting fees[13] Employee Information - Employee headcount increased by 163, representing a growth of 64.94% year-over-year, with sales personnel increasing by 69 (94.52%) and R&D personnel by 75 (50.00%)[20] - The company implemented an equity incentive plan in February 2021, leading to an estimated share-based payment expense of 2.17 million yuan in Q1 2021[20] - The company anticipates significant changes in net profit compared to the same period last year due to high personnel turnover and increased human resource costs[29]

Dividend Distribution - The company plans to distribute a cash dividend of RMB 2 per 10 shares, totaling RMB 8,880,000, which represents 40.82% of the cumulative distributable profits[6]. - The third quarter profit distribution plan was approved, with a cash dividend of RMB 10 per 10 shares, which has already been distributed to shareholders[6]. - The company does not plan to issue bonus shares or convert capital reserves into share capital for the 2020 fiscal year[6]. - The proposed cash dividend for 2020 is RMB 2 per 10 shares (including tax), totaling RMB 8,880,000 (including tax), which represents 40.82% of the cumulative distributable profit[175]. - The cash dividend distribution plan for Q3 2020 was approved, with a distribution of RMB 10 per 10 shares (including tax) to all shareholders, totaling RMB 44,400,000 shares as the base[174]. - The company has not conducted cash profit distribution in the last three years, which restricts it from issuing new shares or convertible bonds to the public[174]. - The company must communicate with shareholders, especially minority shareholders, before the general meeting to gather opinions on the cash dividend plan[173]. - Independent directors are required to provide clear independent opinions on the cash dividend plan and disclose them publicly[174]. - The cash dividend policy must comply with the company's articles of association and the resolutions of the shareholders' meeting[173]. - The company plans to maintain the total distribution amount unchanged, adjusting the per-share distribution ratio if the total share capital changes before the dividend record date[175]. - The company has not proposed a cash dividend plan in the annual profit distribution scheme; it must explain the reasons and the intended use of retained funds in the regular report[173]. - The company’s cash dividends for 2020 represent a net profit rate of 171.10% for the ordinary shareholders[176]. Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the fiscal year, representing a 15% year-over-year growth[24]. - The company's operating revenue for 2020 was CNY 138.84 million, a decrease of 15.62% compared to 2019[25]. - Net profit attributable to shareholders was CNY 31.14 million, down 48.98% year-over-year[25]. - The net profit after deducting non-recurring gains and losses was CNY 22.14 million, a decline of 60.81% from the previous year[25]. - The net cash flow from operating activities was CNY 27.15 million, a decrease of 46.98% compared to 2019[25]. - The company's total assets increased to CNY 874.72 million, up 270.27% from the previous year[26]. - The net assets attributable to shareholders rose to CNY 840.89 million, reflecting a growth of 312.41% year-over-year[26]. - Basic earnings per share decreased to CNY 0.84, down 54.10% from 2019[27]. - The company achieved a total R&D expenditure of ¥39,523,251.14, representing a 27.23% increase from the previous year[66]. - The company reported a financial expense of -591.33 million RMB, a decrease of 929.07% year-on-year, primarily due to increased interest income from raised funds[123]. Market Expansion and Strategy - The company is expanding its market presence in Southeast Asia, targeting a 25% market share within the next two years[24]. - A strategic acquisition of a local tech firm was completed, enhancing the company's capabilities in AI technology[24]. - The company is focusing on integrating AI technologies to improve operational efficiency and automate decision-making processes[53]. - The company plans to enhance its marketing network and R&D capabilities, which may lead to increased operational costs in the future[97]. - The company is actively pursuing market expansion and technological advancements to address evolving IT operational challenges[69]. - The company aims to penetrate traditional industries by offering APM products and solutions tailored to their specific needs, capitalizing on the growing demand for digital services[46]. Research and Development - Research and development expenses accounted for 28.47% of operating revenue, an increase of 9.59 percentage points compared to the previous year[27]. - The company has developed 27 core technologies and holds 7 authorized invention patents, with 60 patents pending and 63 software copyrights[52]. - The company has established a comprehensive R&D management system to ensure product quality and efficiency, following a standard software development process that includes demand analysis, development initiation, design and development, testing, acceptance, and training[44]. - The workforce for R&D increased by 66 personnel, contributing to a rise in R&D personnel costs by ¥8,316,100 compared to the previous year[67]. - The company is focusing on enhancing its product ecosystem to empower IT operations through data, aiming for a more agile and intelligent management system[67]. Risks and Compliance - The company has outlined various risks and countermeasures in its report, emphasizing the importance of investor awareness regarding investment risks[4]. - The company’s future plans and development strategies are subject to risks and do not constitute a commitment to investors[7]. - The company faces risks related to core talent retention and rising human resource costs due to high competition in the IT sector[91]. - The company is exposed to market competition risks as new entrants and overseas players emerge in the APM industry[92]. - The company has committed to strict adherence to the lock-up agreements by its major shareholders and management[177]. Client Relationships and Revenue Sources - The company’s primary revenue sources are monitoring service income and software sales, with a significant client base including major internet companies like Baidu, Tencent, and Alibaba[43]. - Major clients include Tencent, Baidu, and China Construction Bank, indicating strong customer retention and market presence across various industries[80]. - The top five customers contributed 42.63% of total sales, with the largest customer, Huawei, accounting for 11.65%[115]. - The company maintained stable relationships with major clients, with no significant loss of top customers reported[117]. Technology and Innovation - The company focuses on IT operations management (ITOM) and application performance management (APM), providing services that enhance software application performance for enterprise clients[39]. - The company utilizes machine learning technology to create dynamic baselines for application health standards, enhancing its service offerings[39]. - The company has developed proprietary technologies for data processing and analysis, including a distributed computing framework for massive time-series data[42]. - The company has developed a multi-protocol online media playback technology that supports various protocols including HTTP, HTTPS, RTSP, and HLS, enhancing user experience and performance monitoring[57]. - The company has introduced a dynamic code modification technology for mobile applications, enabling real-time monitoring without altering the original source code[58]. Shareholder Commitments and Regulations - The lock-up period for major shareholders, including the actual controller and related parties, is set for 36 months starting from August 17, 2020[177]. - The company has committed to stabilizing its stock price for a period of 36 months starting from the listing date on August 17, 2020[178]. - The company has established a profit distribution policy that is effective long-term, ensuring shareholder returns are prioritized[180]. - The company has committed to fulfilling obligations related to compensation or liability as per legal requirements[180].

Dividend Policy - The company plans to distribute a cash dividend of RMB 2 per 10 shares, totaling RMB 8,880,000, which represents 40.82% of the cumulative distributable profits[6]. - The company approved a cash dividend of RMB 10 per 10 shares for the third quarter, amounting to a total of RMB 4,440,000, which was distributed on November 30, 2020[6]. - The company does not plan to issue bonus shares or increase capital reserves through stock conversion[6]. - The board of directors must consider the company's profitability, funding needs, and shareholder opinions when proposing dividend plans[142]. - The company must disclose the reasons for not proposing cash dividends if it is profitable and has distributable profits[147]. - The cash dividend policy requires independent directors to provide clear opinions and ensure minority shareholders' rights are protected[144]. - The company will not issue new shares or convertible bonds if it has not distributed cash dividends in the last three years[144]. - The cash dividend distribution plan must be approved by at least two-thirds of the voting rights at the shareholders' meeting if adjustments are made[143]. - The company will continue to execute a cash dividend policy, prioritizing cash distributions to shareholders while ensuring sustainable development[140]. - The company plans to distribute cash dividends annually, with a minimum of 10% of the distributable profit allocated for cash dividends in profitable years[141]. Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the fiscal year, representing a 15% year-over-year growth[23]. - The company's operating revenue for 2020 was CNY 138.84 million, a decrease of 15.62% compared to 2019[24]. - The net profit attributable to shareholders was CNY 31.14 million, down 48.98% year-over-year[24]. - The net profit after deducting non-recurring gains and losses was CNY 22.14 million, a decline of 60.81% from the previous year[24]. - The net cash flow from operating activities was CNY 27.15 million, a decrease of 46.98% compared to 2019[24]. - The company's total assets increased to CNY 874.72 million, up 270.27% from the previous year[24]. - The net assets attributable to shareholders rose to CNY 840.89 million, reflecting a growth of 312.41% year-over-year[24]. - Basic earnings per share were CNY 0.84, a decline of 54.10% from 2019[26]. Research and Development - Research and development expenses increased by 30%, totaling 150 million RMB, focusing on AI and machine learning technologies[23]. - R&D expenses accounted for 28.47% of operating revenue, an increase of 9.59 percentage points compared to the previous year[26]. - The increase in R&D expenses was primarily due to the hiring and training of 66 additional technical staff, resulting in a salary increase of ¥8,316,100 compared to the previous year[68]. - Total R&D expenses for 2020 amounted to ¥39,523,251.14, a 27.23% increase from ¥31,064,777.34 in the previous year[67]. - The company has developed 27 core technologies and holds 7 authorized invention patents, with 60 patents pending and 63 software copyrights, showcasing its strong technological advancement in application performance management (APM)[52]. Market Strategy and Growth - The company is expanding its market presence in Southeast Asia, targeting a 25% market share within the next two years[23]. - A strategic acquisition of a local tech firm was announced, valued at 300 million RMB, aimed at enhancing technological capabilities[23]. - The company provided guidance for the next fiscal year, projecting a revenue growth of 10% to 12%[23]. - The company aims to reduce operational costs by 8% through efficiency improvements in the supply chain[23]. - The company is focusing on integrating AI technologies into its operations to improve IT efficiency and automate decision-making processes[55]. Risks and Challenges - The company faced challenges in customer engagement and contract fulfillment due to the COVID-19 pandemic, impacting revenue generation[27]. - The company faces risks related to core talent retention and rising human resource costs due to high competition in the IT sector[92]. - The company is exposed to market competition risks as new entrants and overseas players emerge in the APM industry[93]. Corporate Governance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[8]. - There are no special arrangements for corporate governance reported[8]. - The company has outlined various risks and countermeasures in its operational analysis section[4]. Technological Advancements - The company focuses on IT operations management (ITOM) and application performance management (APM), providing services that enhance software application performance for enterprise clients[39]. - The company has developed a comprehensive data analysis platform to support digital transformation for its clients[40]. - The company aims to leverage machine learning technologies to improve application performance monitoring and anomaly detection[39]. - The company has developed a hybrid application data collection technology that ensures comprehensive network performance data collection across various native network frameworks and H5 frameworks on both Android and iOS platforms[61]. Shareholder Commitments - The company has commitments from major shareholders regarding their shareholding intentions and reduction plans, effective from November 25, 2019[149]. - The company has a commitment to repurchase shares to address any fraudulent issuance, effective from November 25, 2019, with long-term validity[149]. - The company has established a long-term effective strategy to ensure compliance with relevant regulations and commitments by major shareholders[151]. Financial Reporting and Compliance - The company has confirmed that all commitments made by major shareholders are independently enforceable and will not affect the validity of other commitments[192]. - The company will take corrective actions if it fails to fulfill commitments due to uncontrollable factors, including timely disclosure of reasons[186]. - The company’s financial report indicates that it has not reached the original profit forecast for any assets or projects during the reporting period[195].

Financial Performance - Operating revenue increased by 6.61% to CNY 30.56 million year-on-year[5] - Net profit attributable to shareholders was CNY -15.80 million, a decrease of 546.99% compared to the previous year[5] - Basic earnings per share were CNY -0.36, down 427.27% from CNY 0.11 in the same period last year[7] - The company achieved operating revenue of 30,557,807.05 CNY in Q1 2021, an increase of 6.61% year-on-year compared to 28,663,513.47 CNY in Q1 2020[25] - The net profit attributable to shareholders was -15,798,068.43 CNY in Q1 2021, a decrease of 546.99% compared to a profit of 3,534,304.41 CNY in Q1 2020[25] - The net profit excluding non-recurring gains and losses was -15,923,253.84 CNY in Q1 2021, down 735.52% from the previous year[25] - The company reported a net loss of CNY 15,798,068.43 in comprehensive income for Q1 2021, compared to a profit of CNY 3,534,304.41 in Q1 2020[26] - Basic and diluted earnings per share were both CNY -0.36 for Q1 2021, down from CNY 0.11 in Q1 2020[26] Assets and Liabilities - Total assets decreased by 2.06% to CNY 856.69 million compared to the end of the previous year[5] - The total liabilities were 29,807,956.84 CNY as of March 31, 2021, compared to 33,826,316.82 CNY previously[23] - The company’s cash and cash equivalents amounted to 647,646,479.86 CNY, down from 666,368,880.88 CNY[22] - The company’s equity attributable to shareholders was 826,885,376.32 CNY, a decrease from 840,892,365.06 CNY[23] - Accounts receivable decreased by 82.73% to RMB 269,594.94 due to the expiration of commercial acceptance bills[14] - Other non-current assets decreased by 45.81% to RMB 1,127,303.64 as a result of the recovery of prepaid goods[14] Cash Flow - Net cash flow from operating activities was CNY -15.69 million, worsening by 35.56% compared to the previous year[5] - Net cash flow from operating activities was CNY -15,694,082.42 in Q1 2021, compared to CNY -11,577,339.82 in Q1 2020[29] - Cash inflow from operating activities totaled CNY 36,143,191.78, an increase of 49% from CNY 24,246,458.08 in Q1 2020[27] - Cash outflow from operating activities increased to CNY 51,837,274.20, up from CNY 35,823,797.90 in Q1 2020[27] - The company recorded a net cash flow from investing activities of CNY -2,628,318.60 in Q1 2021, compared to CNY 407,751.01 in Q1 2020[29] - The company received CNY 100,000,000.00 from investment recoveries in Q1 2021, slightly down from CNY 110,000,000.00 in Q1 2020[29] - The company paid CNY 400,000.00 related to financing activities in Q1 2021, with no cash inflow recorded[29] Expenses - R&D expenses accounted for 49.12% of operating revenue, an increase of 18.61 percentage points year-on-year[7] - Operating costs rose by 36.91% to RMB 9,918,429.25 mainly due to increased salaries for technical and customer service staff[15] - Sales expenses surged by 148.80% to RMB 16,902,118.28 driven by the increase in sales personnel[15] - R&D expenses increased by 71.64% to RMB 15,010,868.42 as a result of hiring more technical service staff[15] - Financial income increased by 2,279.07% to RMB -3,844,545.89 due to growth in bank deposits and interest income[15] Shareholder Information - The total number of shareholders at the end of the reporting period was 2,598[11] - The top shareholder, Li Kai, holds 23.12% of the shares, totaling 10,266,270 shares[11] Management Changes - The company appointed Mr. Wu Jingtao as COO and independent director replacements were made due to resignations[16] Future Outlook - The company anticipates a significant change in cumulative net profit by the end of the next reporting period, primarily due to increased personnel costs and market competition[17] - The company implemented an equity incentive plan in February 2021, granting 1,212,400 restricted shares at a price of 60.86 CNY per share to 74 participants[17]

Financial Performance - Operating revenue for the first nine months decreased by 3.29% year-on-year to approximately CNY 95.02 million[6] - Net profit attributable to shareholders decreased by 52.40% year-on-year to approximately CNY 10.26 million[6] - Basic and diluted earnings per share decreased by 64.62% to CNY 0.23[7] - Net profit for the first three quarters of 2020 decreased by 52.40% to ¥10,260,197.50 from ¥21,556,346.05 in the same period of 2019, mainly due to increased expenses[15] - Operating profit fell by 50.77% to ¥12,663,623.15, reflecting a rise in various expenses during the reporting period[15] - Revenue for Q3 2020 was 21,831,240.76 RMB, a decrease of 18.5% from 26,630,346.33 RMB in Q3 2019[22] - The company reported a net loss of CNY 9,487,141.31 for Q3 2020, compared to a net profit of CNY 10,260,197.50 in the same period last year, representing a significant decline[23] - The total operating profit for Q3 2020 was CNY -10,696,931.00, a decline from CNY 12,663,623.15 in Q3 2019[23] - The company reported a total profit of CNY -10,723,422.42 for Q3 2020, compared to a profit of CNY 12,630,552.25 in the same quarter last year[23] Assets and Liabilities - Total assets increased by 277.14% year-on-year to approximately CNY 890.96 million[6] - The company’s total liabilities decreased by 22.85% in accounts payable, amounting to ¥6,378,775.90, due to payments made to suppliers[14] - The company’s capital reserve increased significantly to ¥646,058,554.33, reflecting the completion of the initial public offering[14] - Current liabilities reached ¥32,342,711.74, including accounts payable of ¥8,268,186.55 and accrued employee compensation of ¥7,901,589.53[28] - Total assets amounted to ¥236,239,251.61, with non-current assets totaling ¥7,554,793.67[28] - The total liabilities were reported at ¥32,342,711.74, indicating a stable financial position[29] Cash Flow - Net cash flow from operating activities for the first nine months was negative CNY 5.79 million, a decrease of 127.46% year-on-year[6] - The net cash flow from operating activities for Q3 2020 was -5,792,020.60 RMB, a decrease of 127.46% compared to the previous period, primarily due to increased personnel costs and IPO-related expenses[16] - The net cash flow from investing activities was -172,743,389.36 RMB, mainly due to the purchase of structured deposits[16] - The net cash flow from financing activities was 652,688,388.58 RMB, primarily from funds raised during the IPO[16] - The company experienced a cash inflow from investment activities of CNY 348,885,641.91, compared to CNY 272,621,589.09 in the previous year, indicating a 28% increase[25] - The net cash flow from financing activities was CNY 652,688,388.58, a significant improvement compared to a net outflow of CNY -19,980,000.00 in the same period last year[26] - The company ended the period with cash and cash equivalents of CNY 632,427,748.07, up from CNY 128,101,932.75 at the end of the previous year[26] Shareholder Information - The total number of shareholders at the end of the reporting period was 3,461[11] - The largest shareholder, Li Kai, holds 23.12% of the shares, totaling 10,266,270 shares[11] Research and Development - Research and development expenses accounted for 31.56% of operating revenue, an increase of 16.68 percentage points[7] - Research and development expenses for the first three quarters of 2020 totaled 29,989,116.74 RMB, an increase from 26,576,192.25 RMB in the same period of 2019[22] - The company obtained 2 new invention patents and 4 software copyrights during the reporting period, bringing the total to 7 patents and 63 copyrights[16] Other Financial Metrics - The company reported a government subsidy of CNY 262,384.89 for the first nine months[8] - The company reported a 100% increase in trading financial assets, reaching ¥172,198,669.58, attributed to the purchase of structured deposits during the reporting period[13] - Fixed assets rose by 46.14% to ¥5,875,554.63, driven by core equipment upgrades and new employee purchases of electronic devices[13] - Employee compensation liabilities increased by 35.27% to ¥10,688,572.94, attributed to company expansion and an increase in workforce[14] - The company reported a 383.25% increase in financial income, reaching -¥1,865,438.43, due to higher interest income from deposits[15] - The company’s sales expenses increased by 23.24% to ¥24,843,334.01, driven by the expansion of the company’s scale and workforce[15] Changes in Accounting Standards - The company implemented new revenue recognition standards starting January 1, 2020, affecting financial reporting[29] - The company has not made adjustments to prior period data under the new revenue standards[30] - The company has not disclosed any new product developments or market expansion strategies in the current report[30]

Financial Performance - The company reported a total revenue of 100 million RMB for the first half of 2020, representing a year-on-year increase of 20%[1] - The company reported a significant increase in revenue for the first half of 2020, with a year-over-year growth of XX% compared to the same period last year[24] - The company's operating revenue for the first half of 2020 was CNY 73,184,471.90, representing a 2.19% increase compared to the same period last year[25] - The net profit attributable to shareholders decreased by 7.32% to CNY 19,747,338.81, while the net profit after deducting non-recurring gains and losses fell by 8.84% to CNY 18,035,551.50[27] - The company's total assets increased by 7.78% to CNY 254,610,952.59, and net assets attributable to shareholders rose by 9.68% to CNY 223,643,878.68[25] - The company's net profit for the first half of 2020 was not explicitly stated, but the increase in operating revenue suggests a positive trend in profitability[167] - The total liabilities as of June 30, 2020, were CNY 30,967,073.91, a decrease from CNY 32,342,711.74 at the end of 2019, indicating improved financial stability[165] - The company's total equity increased to CNY 223,643,878.68 as of June 30, 2020, from CNY 203,896,539.87 at the end of 2019, showing a growth of approximately 9.7%[165] User Engagement and Market Expansion - User data showed an increase in active users by 15%, reaching a total of 1.5 million users by the end of June 2020[1] - The company expects a revenue growth of 25% for the second half of 2020, 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 2021[1] - Market expansion plans include entering two new regions, which are anticipated to increase market share by XX%[24] - The company is exploring potential acquisitions to bolster its technology capabilities and market presence[24] Research and Development - Research and development expenses increased by 30% compared to the previous year, focusing on enhancing application performance management technologies[1] - The company's R&D expenditure accounted for 24.58% of operating revenue, an increase of 1.07 percentage points compared to the previous year[26] - The company is investing in R&D for new technologies, focusing on AI and big data to improve operational efficiency[24] - The company reported a total R&D investment of ¥17,991,928.05, which accounts for 24.58% of its operating revenue[59] - The company has a dedicated R&D department that follows a standard software development process, ensuring product quality and efficiency while effectively shortening development cycles[39] Technology and Innovation - The company is committed to leveraging machine learning technology to improve application performance and user experience through its monitoring solutions[33] - The company has developed a technology for real-time monitoring of online audio and video streaming, which is currently in a stable phase[49] - The company has created an integrated hardware device for active mobile performance monitoring, designed for easy deployment and stable network connection, currently in a stable phase[50] - The company has developed a real-time performance monitoring technology for stock trading apps, supporting over 70 brokerage firms without requiring their cooperation[12] - The company is focused on developing a unified, scalable, and full lifecycle application performance governance system, leveraging advanced data processing engines for high concurrency and real-time analysis[72] Corporate Governance and Compliance - The board has confirmed that there are no significant changes in corporate governance arrangements affecting the company's operations[1] - The company has committed to a profit distribution policy that is effective long-term, ensuring shareholder returns[93] - The company is focused on reducing and regulating related party transactions to enhance transparency and governance[94] - The company has established a framework for handling compensation responsibilities in case of any breaches of commitments by its major shareholders[94] - The company will not allow shareholders to transfer their shares or receive dividends until commitments are fulfilled[131] Financial Management and Cash Flow - The net cash flow from operating activities declined by 8.09% to CNY 3,938,114.29, primarily due to increased employee wages and higher costs for hardware and testing services[27] - The company reported a decrease in cash flow from operating activities by 8.09% to CNY 3,938,114.29, attributed to increased employee compensation and procurement costs[81] - The company reported a total cash inflow from investment activities of CNY 221,963,979.55, an increase from CNY 181,773,088.35 in the same period last year, representing a growth of 22.1%[170] - The cash and cash equivalents at the end of the period amounted to CNY 162,984,572.03, up from CNY 114,664,788.85 at the end of the first half of 2019, marking an increase of 42.1%[171] Shareholder Relations and Stock Management - The company reported a lock-up period of 36 months for major shareholders, including the actual controller Li Kai and his associates, during which they cannot transfer or propose the repurchase of their shares[92] - The company has established a stock price stabilization plan in compliance with regulatory requirements[105] - The company commits to repurchase shares if the stock price falls below the latest audited net asset value per share for 20 consecutive trading days within three years of its listing[113] - The controlling shareholder and their concerted actors must announce their stock increase plan within 10 trading days if the stock price stabilization conditions are met[108] - The company will not allow any share buybacks for the first 12 months post-listing[98] Market Trends and Industry Insights - The global IT operations management (ITOM) market is evolving towards intelligent operations, driven by the acceleration of digital transformation across enterprises[42] - The application performance management (APM) market is a significant segment of ITOM, with monitoring products holding over 40% market share, indicating strong demand for APM solutions[40] - China's digital economy reached 31.3 trillion RMB in 2018, accounting for 34.8% of GDP, driving further demand for APM solutions[44] - The application performance management (APM) industry is expanding into traditional sectors such as electricity, transportation, and manufacturing, driven by increasing digitalization[47] Miscellaneous - The company reported no major litigation or arbitration matters during the reporting period[140] - The company has no environmental pollution issues as it operates in software information services without noise or wastewater pollution[144] - The company has no major related party transactions during the reporting period[142] - The company has confirmed its ability to continue as a going concern, with no significant doubts regarding its operational viability[181]