Financial Performance - The company's operating revenue for Q1 2023 was ¥64,683,455.80, representing a year-on-year increase of 24.58%[5] - The net profit attributable to shareholders decreased by 57.87% to ¥6,770,112.35[5] - The net profit after deducting non-recurring gains and losses fell by 79.60% to ¥2,361,097.81[5] - Basic earnings per share were ¥0.08, down 57.89% compared to the previous year[6] - Total operating revenue for Q1 2023 was CNY 64,683,455.80, an increase from CNY 51,919,320.56 in Q1 2022, representing a growth of approximately 24.1%[20] - Net profit for Q1 2023 was CNY 6,304,050.66, a decrease from CNY 15,385,183.62 in Q1 2022, reflecting a decline of approximately 59.0%[22] - Basic earnings per share for Q1 2023 were CNY 0.08, down from CNY 0.19 in Q1 2022, reflecting a decrease of about 57.9%[22] Research and Development - The total R&D investment amounted to ¥10,468,892.00, which is a decrease of 7.15% year-on-year[6] - R&D investment accounted for 16.18% of operating revenue, a decrease of 5.54 percentage points[6] - The company's R&D expenses in Q1 2023 were CNY 10,468,892.00, compared to CNY 11,275,579.90 in Q1 2022, showing a decrease of about 7.1%[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,219,194,374.33, an increase of 1.62% from the end of the previous year[6] - The total current assets as of March 31, 2023, amounted to RMB 726,534,646.26, showing an increase from RMB 714,538,786.29 at the end of 2022, reflecting a growth of approximately 1.4%[16] - The company’s total liabilities as of March 31, 2023, were RMB 500,000,000, reflecting a stable financial position[16] - Total liabilities for Q1 2023 were CNY 224,469,686.06, compared to CNY 223,044,958.47 in Q1 2022, indicating a marginal increase[18] - The equity attributable to shareholders of the parent company was CNY 976,779,288.09 in Q1 2023, up from CNY 961,324,797.61 in Q1 2022, representing an increase of approximately 1.9%[18] Cash Flow - The net cash flow from operating activities was ¥28,808,666.45, with no applicable year-on-year comparison[6] - In Q1 2023, the company reported a net cash flow from operating activities of ¥28,808,666.45, a significant improvement compared to a net outflow of ¥-5,990,506.79 in the same period last year[24] - Operating cash inflows totaled ¥111,887,450.15, while cash outflows were ¥83,078,783.70, resulting in a positive operating cash flow[24] - The company experienced a net increase in cash and cash equivalents of ¥-114,111,592.07 during the quarter, compared to a decrease of ¥-39,718,014.22 in the same quarter last year[25] Investment Activities - Total cash inflow from investment activities was ¥119,087,176.82, while cash outflow was ¥265,270,914.04, resulting in a net cash flow from investment activities of ¥-146,183,737.22[25] - The company’s investment payments amounted to ¥253,095,654.22, a decrease from ¥269,904,301.65 in the previous year[25] Employee Compensation - The company paid ¥42,001,700.86 in employee compensation, an increase from ¥39,114,565.31 in the previous year[24] - The company incurred share-based payment expenses of ¥7,001,600.00 due to the implementation of an employee stock ownership plan, impacting net profit[9] Market and Product Development - The company has not disclosed any new product launches or technological advancements during this quarter[14] - There are no significant market expansion or acquisition strategies mentioned in the report[14] Shareholder Information - The company’s share repurchase account holds 1,083,826 shares, accounting for 1.25% of the total share capital[13]

Financial Performance - The company's operating revenue for 2022 was RMB 282,022,751.67, representing a 19.20% increase compared to RMB 236,604,121.94 in 2021[23]. - The net profit attributable to shareholders for 2022 was RMB 51,005,019.83, up 21.01% from RMB 42,148,495.57 in 2021[23]. - The basic earnings per share for 2022 was RMB 0.59, an increase of 20.41% compared to RMB 0.49 in 2021[24]. - The total assets at the end of 2022 were RMB 1,199,813,984.29, a 5.93% increase from RMB 1,132,696,359.77 at the end of 2021[23]. - The net assets attributable to shareholders at the end of 2022 were RMB 961,324,797.61, reflecting a 7.09% increase from RMB 897,689,671.19 in 2021[23]. - The cash flow from operating activities for 2022 was negative RMB 1,896,696.05, a significant decrease from RMB 52,434,625.07 in 2021[23]. - The diluted earnings per share for 2022 was RMB 0.59, consistent with the basic earnings per share[24]. - The weighted average return on equity for 2022 was 5.59%, an increase of 0.91 percentage points from 4.68% in 2021[24]. - The net profit after deducting non-recurring gains and losses for 2022 was RMB 2,901,232.23, down 88.65% from RMB 25,568,018.74 in 2021[23]. Research and Development - The company's R&D expenditure as a percentage of operating revenue increased to 32.37%, up 9.84 percentage points from the previous year, reflecting a 71.25% increase in overall R&D expenses[26]. - The company achieved a significant increase in R&D investment, totaling ¥91,293,828.26 in 2022, representing a 71.25% increase from ¥53,310,240.63 in the previous year[61]. - The number of R&D personnel increased to 641, representing 86.27% of the total workforce, up from 85.05% in the previous year[69]. - The average salary for R&D personnel rose to RMB 19.13 million, compared to RMB 16.51 million in the previous year, indicating a 15.6% increase[69]. - The company is focusing on expanding its cloud service technology, utilizing PaaS to support SaaS application development, significantly reducing development time[59]. Market and Business Strategy - The company is focused on the development of core technologies in the information technology application innovation industry, which includes various sectors such as IT infrastructure and information security[16]. - The company is expanding into new fields such as digital culture and digital twin, aiming to broaden future growth opportunities[38]. - The company plans to enhance its server product development and expand its customer base, including major clients like Lenovo and Huawei[125]. - The company aims to develop more products supporting heterogeneous systems, particularly focusing on ARM and RISC-V chips[125]. - The company plans to leverage national strategies during the 14th Five-Year Plan to enhance its cloud service brand and expand its market share through improved collaboration with existing clients and new customer acquisition[126]. Corporate Governance - The company has received a standard unqualified audit report from Tianheng Accounting Firm[5]. - There are no non-operating fund occupations by controlling shareholders or related parties reported[8]. - The company does not have any special arrangements for corporate governance[9]. - The board of directors has approved the profit distribution plan, pending approval from the shareholders' meeting[6]. - The independent directors have reviewed and agreed to the profit distribution plan, ensuring the protection of minority shareholders' rights[168]. Cash Dividend and Profit Distribution - The company plans to distribute a cash dividend of RMB 0.8 per 10 shares, totaling RMB 6,869,821.20 (including tax) based on 85,872,765 shares eligible for distribution[6]. - The total cash dividend amount, including share repurchase, is RMB 18,524,941.46, which accounts for 36.32% of the net profit attributable to ordinary shareholders in the consolidated financial statements[170]. - The company’s profit distribution policy prioritizes cash dividends over stock dividends when conditions allow[164]. - The company aims to distribute at least 30% of the average annual distributable profits over the last three years in cash dividends[164]. Risks and Challenges - The company has detailed various operational risks and corresponding mitigation strategies in the report[4]. - The company faces risks related to market competition, particularly from major foreign players in the cloud computing sector[75]. - The company's gross profit margin is at risk of decline due to rising labor costs, particularly for high-end technical personnel[76]. - Accounts receivable over one year accounted for 59.31% of the total accounts receivable at the end of the reporting period, indicating potential bad debt risks[76]. Employee and Management - The company has a training plan in place to enhance employee skills and support business expansion, with annual training needs assessed by departments[162]. - The total compensation for all directors, supervisors, and senior management at the end of the reporting period amounted to 2,570,001.70[146]. - The company has established a performance evaluation mechanism for senior management, linking compensation to individual performance and company goals[181]. - The company continues to maintain a stable management structure with no significant turnover among key personnel[140]. Sustainability and Social Responsibility - The management team emphasized a commitment to sustainability, with plans to reduce operational carbon emissions by 25% over the next three years[145]. - The company donated 1 million to the Jiangsu Software Industry Talent Development Foundation to support software talent development in Jiangsu Province[188]. - The board is committed to ESG practices, focusing on sustainable development and social responsibility[184].

Financial Performance - The company's operating revenue for Q3 2022 was ¥76,185,926.23, representing a year-over-year increase of 7.46%[5] - The net profit attributable to shareholders for the same period was ¥16,861,481.40, a decrease of 16.40% compared to the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥8,971,280.98, down 40.13% year-over-year[5] - The basic earnings per share for Q3 2022 was ¥0.19, a decrease of 17.39% year-over-year[6] - Net profit for Q3 2022 was ¥30,381,521.05, a decrease of 38.1% from ¥48,999,743.55 in Q3 2021[21] - Earnings per share for Q3 2022 were ¥0.37, down from ¥0.56 in Q3 2021[22] Research and Development - Research and development expenses totaled ¥16,632,596.96 in Q3 2022, an increase of 49.16% compared to the same period last year[6] - Research and development expenses for the first three quarters of 2022 totaled ¥43,518,567.89, compared to ¥29,230,323.77 in the same period of 2021, reflecting a significant increase[20] - The total R&D investment as a percentage of operating revenue increased to 21.83%, up 6.10 percentage points year-over-year[6] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,228,527,517.23, reflecting an increase of 8.46% from the end of the previous year[6] - The company's total liabilities as of Q3 2022 amounted to ¥304,703,066.11, compared to ¥226,942,788.06 in Q3 2021, indicating a growth of 34.2%[17] - The company's long-term equity investments rose significantly to RMB 58,384,786.38 from RMB 5,530,440.00, indicating a substantial increase of approximately 957.73%[15] - The company's current assets totaled RMB 785,734,991.36, compared to RMB 765,198,868.25 in the same period last year, reflecting a growth of approximately 2.07%[15] - The company's total non-current assets reached RMB 442,792,525.87, up from RMB 367,497,491.52, reflecting an increase of about 20.43%[15] Cash Flow - The cash flow from operating activities showed a net outflow of ¥18,899,201.72, indicating a decline of 167.17% compared to the previous year[6] - In the first three quarters of 2022, the company's cash inflow from operating activities was CNY 198,235,349.50, a decrease of 20.3% compared to CNY 248,939,291.06 in the same period of 2021[23] - The net cash flow from operating activities was negative at CNY -18,899,201.72, contrasting with a positive cash flow of CNY 28,135,947.29 in the previous year[23] - Cash inflow from investment activities totaled CNY 929,861,197.59, down from CNY 1,079,903,844.64 in the prior year, representing a decline of 13.9%[24] - The net cash flow from investment activities was CNY 3,689,194.52, a significant improvement compared to a negative cash flow of CNY -104,095,406.38 in the same period last year[24] - Cash inflow from financing activities was CNY 194,000,000.00, an increase from CNY 134,000,000.00 in the previous year, marking a growth of 44.8%[24] Inventory and Receivables - The company reported a significant increase in inventory, which rose to RMB 44,091,567.00 from RMB 21,611,319.95, marking an increase of approximately 104.00%[15] - The company’s receivables increased to RMB 187,410,460.08 from RMB 151,397,825.24, showing a growth of approximately 23.83%[15] Non-Recurring Gains and Other Financials - The company reported non-recurring gains of ¥7,890,200.42 for the current period, down from ¥18,582,730.19 in the previous year[8] - The company reported a financial expense of ¥2,019,963.27 in Q3 2022, slightly up from ¥1,944,362.86 in Q3 2021[21] - The company's investment income for Q3 2022 was ¥13,917,921.14, a significant recovery from a loss of ¥276,415.00 in the same quarter of the previous year[21] - The deferred income for non-current liabilities increased to ¥32,949,588.92 in Q3 2022 from ¥29,251,199.60 in Q3 2021, showing a growth of 9.2%[17] Overall Financial Growth - The company's total equity attributable to shareholders reached ¥910,628,245.82 in Q3 2022, an increase from ¥897,689,671.19 in Q3 2021[17] - The company's cash and cash equivalents at the end of the period amounted to CNY 394,596,538.14, up from CNY 215,174,922.92 at the end of the previous year, reflecting an increase of 83.5%[24] - The company received CNY 12,000,000.00 from the disposal of subsidiaries and other business units, indicating ongoing strategic divestitures[24] - The company's total sales revenue from goods and services received was CNY 158,292,823.36, a decrease of 13.7% from CNY 183,467,035.59 in the same period of 2021[23]

Financial Performance - The company reported a total revenue of 500 million CNY for the first half of 2022, representing a year-on-year increase of 20%[1]. - The company expects revenue growth to continue, projecting a 25% increase for the second half of 2022[1]. - The company's operating revenue for the first half of 2022 was CNY 105.65 million, an increase of 9.23% compared to CNY 96.72 million in the same period last year[20]. - Net profit attributable to shareholders decreased by 49.11% to CNY 14.69 million from CNY 28.86 million year-on-year[20]. - The net profit after deducting non-recurring gains and losses dropped by 80.69% to CNY 3.99 million compared to CNY 20.69 million in the previous year[20]. - Basic earnings per share fell by 48.48% to CNY 0.17 per share, while diluted earnings per share decreased by 46.88% to CNY 0.17 per share[21]. - The company reported a significant increase in revenue, achieving a total of $500 million for the last quarter, representing a 25% year-over-year growth[86]. - The net profit attributable to the parent company was 14.69 million yuan, a decrease of 49.11% year-on-year[48]. Research and Development - The company is investing 50 million CNY in R&D for new technologies, focusing on AI and machine learning applications[1]. - Research and development expenses increased by 48.71% to CNY 26.89 million, representing 25.45% of operating revenue, up from 18.69% year-on-year[21]. - The total number of software copyrights held by the company reached 317, with 7 new copyrights obtained during the reporting period[33]. - The company is focusing on enhancing its AI and data analytics capabilities in the smart building management platform, aiming to improve operational efficiency and reduce costs[41]. - The company is investing $30 million in research and development for new technologies aimed at enhancing user experience[86]. Market Expansion - Market expansion efforts include entering two new provinces, aiming for a 10% market share in those regions by the end of 2023[1]. - The company is actively pursuing market expansion strategies, including the integration of cultural and financial services to create a significant impact in the domestic market[40]. - Market expansion plans include entering three new countries by the end of the fiscal year, targeting a 15% increase in market share[82]. - The company is considering strategic acquisitions to bolster its technology portfolio, with a budget of 200 million allocated for potential deals[82]. Strategic Initiatives - New product launches include a cloud computing service that is anticipated to generate an additional 100 million CNY in revenue by the end of the year[1]. - A new partnership with a leading tech firm is expected to drive a 30% increase in service adoption rates[1]. - The company has completed a strategic acquisition of a software firm for 200 million CNY, expected to enhance its product offerings[1]. - The company is focusing on enhancing its cloud service offerings, particularly in the government and enterprise sectors, through ongoing PaaS product development[39]. Financial Management - The company has implemented cost-cutting measures that are projected to save 20 million CNY annually[1]. - The management highlighted potential risks including market competition and regulatory changes that could impact future performance[1]. - The company plans to continue its investment strategy, focusing on enhancing shareholder value through consistent profit distribution and capital management[143]. - The company committed to a stable profit distribution policy, with cash dividends prioritized over stock dividends, aiming for a minimum of 80% cash distribution in mature stages without major capital expenditures[88]. Compliance and Governance - The management emphasized a focus on maintaining compliance with regulatory requirements to protect investor interests[86]. - The company has not engaged in any major related party transactions that could harm the interests of shareholders[93]. - There are no violations or penalties involving the company or its executives during the reporting period, indicating compliance with regulations[93]. Assets and Liabilities - The company's total assets grew by 3.02% to CNY 1.17 billion from CNY 1.13 billion at the end of the previous year[20]. - Total liabilities increased to CNY 266,821,319.60 from CNY 226,942,788.06, reflecting a growth of about 17.6%[119]. - The total assets reported were 902,109,954.0 RMB[150]. - The total liabilities decreased to 560,624.2 million, down from 561,303.8 million, indicating improved financial stability[156]. Cash Flow - The company's cash flow from operating activities was negative at CNY -11.50 million, a decline of 205.20% from CNY 10.94 million in the same period last year[22]. - The net cash flow from operating activities was -11,504,887.60 RMB, a decrease from 10,935,720.87 RMB in the previous period, indicating a decline in operational efficiency[134]. - Cash inflow from operating activities amounted to 153,908,746.16 RMB, slightly lower than 158,016,550.06 RMB in the same period last year[137]. Shareholder Information - The top shareholder, Xie Qian, holds 43.25% of the shares, with a total of 37,607,048 shares, an increase of 176,352 shares during the reporting period[108]. - The company has committed to a share buyback program of up to 100 million to stabilize stock prices[82]. - The total number of ordinary shareholders as of the end of the reporting period was 7,100[105]. Risk Management - The company faces significant competition in the cloud computing core firmware business, with major players like AMI holding a strong market position[54]. - The company is at risk of not renewing its agreement with Intel, which could significantly impact its firmware business[54]. - The company has maintained a consistent approach to risk management, with provisions for general risks remaining stable[143].

Financial Performance - The company's operating revenue for 2021 was RMB 236.60 million, representing a 19.25% increase compared to RMB 198.42 million in 2020[21]. - The net profit attributable to shareholders for 2021 was RMB 42.15 million, a decrease of 27.40% from RMB 58.05 million in 2020[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 25.57 million, down 42.79% from RMB 44.69 million in 2020[21]. - The net cash flow from operating activities for 2021 was RMB 52.43 million, a decline of 43.57% compared to RMB 92.91 million in 2020[21]. - As of the end of 2021, the total assets amounted to RMB 1.13 billion, reflecting a 12.56% increase from RMB 1.01 billion at the end of 2020[22]. - The net assets attributable to shareholders at the end of 2021 were RMB 897.69 million, a slight decrease of 0.49% from RMB 902.11 million at the end of 2020[22]. - The company reported a net loss of 213,000, indicating a challenging financial environment[125]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion yuan, representing a year-over-year growth of 25%[129]. - The company reported a net profit of 1.2 billion yuan for the fiscal year 2021, representing a 15% increase compared to the previous year[192]. Research and Development - Research and development expenses increased to 53.31 million yuan, reflecting a growth of 36.79% year-on-year, as the company expanded its R&D team and enhanced its service capabilities[24]. - The proportion of R&D investment relative to operating income rose to 22.53%, an increase of 2.89 percentage points compared to the previous year[23]. - The total R&D investment for the year reached ¥53,310,240.63, a significant increase of 36.79% compared to the previous year[58]. - The company applied for 49 new intellectual property rights during the reporting period, including 9 invention patents and 40 software copyrights[56]. - The cumulative number of software copyrights reached 310, with 299 granted, indicating strong growth in this area[56]. - The company has established a cloud platform architecture with independent intellectual property rights, covering all layers from IaaS to SaaS, enabling end-to-end cloud services[71]. - The company is investing heavily in R&D, with a budget increase of 30% to 150 million yuan for new technology development[129]. Market and Business Strategy - The company focuses on customer experience by establishing dedicated teams for major clients, enhancing service responsiveness and customer retention[37]. - New product development is driven by iterative improvements and innovations based on next-generation information technologies, aligning with market demands[38]. - The company aims to strengthen partnerships with upstream and downstream collaborators to foster innovation and resource sharing[39]. - The primary business involves providing core firmware development and sales for computing devices, alongside end-to-end cloud products and services for government and enterprise clients[40]. - The company continues to explore cloud service applications in traditional industries, such as the integration of cloud technology with the local Zisha pottery industry for data preservation and innovation[42]. - The company plans to enhance its cloud service business by leveraging its proprietary big data cloud platform and container cloud platform[116]. - The company aims to pursue mergers and acquisitions to vertically integrate its industry layout and enhance its product structure[116]. - The company is considering strategic acquisitions to enhance its product offerings, with a budget of 200 million yuan allocated for potential mergers[129]. Risks and Challenges - The company has detailed various operational risks and corresponding mitigation measures in the report[4]. - The company faces risks related to market competition, particularly from established foreign competitors in the cloud computing firmware sector, which may impact its operational performance[74]. - The company reported that 59.31% of its accounts receivable at the end of the reporting period were overdue by more than one year, indicating potential risks in receivables collection[76]. - The company has a risk of not renewing its agreement with Intel, which is crucial for its BIOS development for X86 architecture chips, potentially impacting its firmware business significantly[78]. Corporate Governance and Compliance - The board of directors has ensured the authenticity, accuracy, and completeness of the annual report[4]. - The company has established a governance structure that includes a shareholders' meeting, board of directors, and supervisory board to ensure effective oversight and management[171]. - The company has implemented a performance evaluation system to protect employee rights and provide a safe working environment[172]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[167]. - The company adheres to strict information disclosure practices, ensuring transparency and protecting the interests of minority shareholders[180]. Shareholder and Dividend Policies - The company plans to distribute a cash dividend of RMB 1.00 per 10 shares, totaling approximately RMB 8,587,276.50 (including tax) based on 85,872,765 shares eligible for distribution[4]. - The company has established a cash dividend policy that requires at least 30% of the average distributable profit over the last three years to be distributed in cash[149]. - The company confirmed a total of 271.88 million shares under the stock incentive plan, with 244.32 million shares granted initially and 27.55 million shares reserved[156]. - The company committed to a continuous and stable profit distribution policy, prioritizing cash dividends over stock dividends, with cash dividends to be at least 80% of profit distribution during mature stages without major capital expenditures[196]. Employee and Talent Management - The company has a training program in place to enhance employee skills and support business expansion, with annual training plans based on departmental needs[147]. - The company has a performance evaluation system aimed at optimizing personnel structure and improving efficiency, ensuring fair compensation for employees[146]. - The company employed a total of 729 staff members, with 620 being technical personnel, representing approximately 85% of the workforce[145]. - Average salary for R&D personnel increased to ¥16.51 million, up from ¥14.95 million, reflecting enhanced investment in talent[67].

Financial Performance - The company's operating revenue for Q1 2022 was ¥51,919,320.56, representing a year-on-year increase of 16.01%[5] - The net profit attributable to shareholders decreased by 6.94% to ¥16,071,179.21[5] - Basic earnings per share were ¥0.19, down by 5.00% from the previous year[6] - Net profit for Q1 2022 was ¥15,385,183.62, a decrease of 10.9% from ¥17,270,430.69 in Q1 2021[19] - The company reported a total comprehensive income of ¥15,385,183.62 for Q1 2022, compared to ¥17,270,430.69 in Q1 2021[20] Research and Development - The total R&D investment amounted to ¥11,275,579.90, which is an increase of 31.85% compared to the previous year[6] - R&D expenses accounted for 21.72% of operating revenue, up by 2.61 percentage points year-on-year[6] - Research and development expenses increased to ¥11,275,579.90 in Q1 2022, representing a rise of 32.0% from ¥8,551,976.44 in Q1 2021[18] Cash Flow - The net cash flow from operating activities was negative at -¥5,990,506.79, a decline of 166.57% compared to the same period last year[6] - Cash flow from operating activities for Q1 2022 was negative at -¥5,990,506.79, compared to positive cash flow of ¥8,999,311.72 in Q1 2021[22] - Cash inflow from investment activities in Q1 2022 was ¥216,269,638.79, down from ¥268,074,053.38 in Q1 2021[22] - Cash outflow from investment activities totaled ¥288,524,645.09 in Q1 2022, compared to ¥335,392,306.78 in Q1 2021[22] - Cash flow from financing activities generated a net inflow of ¥38,527,498.87 in Q1 2022, compared to ¥89,073,041.66 in Q1 2021[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,174,176,880.30, an increase of 3.66% from the end of the previous year[6] - The total liabilities increased to RMB 264,695,199.52 from RMB 226,942,788.06, representing a growth of about 16.6%[16] - The total owner's equity increased to RMB 909,481,680.78 from RMB 905,753,571.71, showing a marginal growth of around 0.3%[16] - The company's long-term equity investments rose to RMB 8,996,824.33 from RMB 5,530,440.00, marking an increase of about 62.5%[15] - The company's total non-current assets amounted to RMB 397,702,789.88, up from RMB 367,497,491.52, representing an increase of approximately 8.9%[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,016[12] Inventory and Receivables - The inventory level rose to RMB 35,786,939.35 from RMB 21,611,319.95, indicating an increase of about 65.5%[14] - The total receivables, including accounts receivable, were RMB 148,621,643.32, slightly down from RMB 151,397,825.24, a decrease of about 1.8%[14] Cash and Cash Equivalents - The company's cash and cash equivalents decreased to RMB 324,331,276.92 from RMB 362,308,359.99, reflecting a decline of approximately 10.5%[14] - The beginning cash and cash equivalents balance was $361,347,291.14, up from $207,909,205.46 year-over-year[23] - The ending cash and cash equivalents balance for Q1 2022 was $321,629,276.92, compared to $238,696,847.10 in Q1 2021[23]

Financial Performance - The company's operating revenue for Q3 2021 was ¥70,898,902.13, representing a year-on-year increase of 22.23%[5] - The net profit attributable to shareholders for the same period was ¥20,168,479.09, reflecting a growth of 10.60% compared to the previous year[5] - The net profit after deducting non-recurring gains and losses was ¥14,983,820.11, with a year-on-year increase of 5.56%[5] - Total operating revenue for the first three quarters of 2021 reached RMB 167.62 million, a 25.6% increase from RMB 133.41 million in the same period of 2020[22] - Net profit for the first three quarters of 2021 was RMB 48.99 million, representing a 12.7% increase compared to RMB 43.52 million in the same period of 2020[23] - Basic earnings per share for the third quarter of 2021 was RMB 0.56, up from RMB 0.50 in the same quarter of 2020[24] - The company reported a total comprehensive income of RMB 48.99 million for the first three quarters of 2021, compared to RMB 43.52 million in the same period of 2020[24] Research and Development - Research and development expenses totaled ¥11,150,611.04, accounting for 15.73% of operating revenue, which is an increase of 0.34 percentage points from the previous year[6] - Research and development expenses for the first three quarters of 2021 were RMB 29.23 million, an increase of 18.8% from RMB 24.60 million in the same period of 2020[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,160,025,382.75, marking a 15.27% increase compared to the end of the previous year[6] - As of September 30, 2021, the total assets of the company amounted to RMB 1,160,025,382.75, an increase from RMB 1,006,316,001.06 at the end of 2020[18] - The company's total current assets were RMB 799,203,373.95, slightly down from RMB 810,395,463.54 at the end of 2020[16] - The total non-current assets increased to RMB 360,822,008.80 from RMB 195,920,537.52 in the previous year[17] - The company's total liabilities reached RMB 241,461,876.29, up from RMB 104,206,047.04 at the end of 2020[18] - Total liabilities amounted to 104,206,047.04 RMB, with an increase of 885,858.89 RMB compared to the previous year[31] - The total equity attributable to shareholders was RMB 914,593,289.65, compared to RMB 902,109,954.02 at the end of 2020[18] - The total equity attributable to shareholders was 902,109,954.02 RMB, reflecting a minor decrease of -32,497.70 RMB[31] Cash Flow - The cash flow from operating activities showed a net decrease of 53.01% year-on-year, primarily due to a significant reduction in government subsidies received[10] - Cash flow from operating activities for the first three quarters of 2021 was RMB 28.14 million, down 53.1% from RMB 59.88 million in the same period of 2020[27] - The net cash flow from financing activities was 83,225,176.55 RMB, a significant increase compared to -19,359,874.57 RMB in the previous year[28] - The total cash and cash equivalents at the end of the period amounted to 215,174,922.92 RMB, up from 207,909,205.46 RMB at the beginning of the period, reflecting a net increase of 7,265,717.46 RMB[28] - Cash inflow from investment activities was RMB 1,079.90 million, a decrease from RMB 1,470.50 million in the previous year[27] - Cash outflow from investment activities totaled RMB 1,184.00 million, compared to RMB 1,578.79 million in the same period of 2020[27] - The cash flow from financing activities increased significantly, indicating a strong capital raising effort during the quarter[28] - The company maintained a stable cash position despite fluctuations in cash flow, demonstrating effective liquidity management[28] Shareholder Information - The company had a total of 7,360 common shareholders at the end of the reporting period[12] - The largest shareholder, Xie Qian, holds 43.05% of the shares, totaling 37,430,696 shares[13] - The company reported a total of 498,557 shares in its repurchase account, representing 0.57% of the total share capital[14] Government Subsidies - The company reported a total of ¥3,614,005.06 in government subsidies recognized in the current period, closely related to its normal business operations[9] Borrowings and Investments - The company's short-term borrowings rose significantly to RMB 150,154,646.81 from RMB 30,338,125.00 at the end of 2020[18] - The company’s long-term equity investments increased to RMB 5,278,807.84 from RMB 4,661,294.88 in the previous year[17] Accounting Changes - The company adopted the new leasing standards starting January 1, 2021, which impacted the accounting treatment of leases[31] Operational Changes - The adjustments in current and non-current assets reflect ongoing operational changes and strategic financial management[29][30]

Financial Performance - The company reported a total revenue of RMB 100 million for the first half of 2021, representing a year-on-year increase of 20%[12]. - The company has set a revenue guidance of RMB 220 million for the full year 2021, indicating a growth target of 25%[12]. - The company achieved operating revenue of CNY 96,717,620.57, an increase of 28.27% compared to the same period last year[20]. - Net profit attributable to shareholders reached CNY 28,861,047.65, reflecting a growth of 14.13% year-on-year[20]. - Basic earnings per share increased to CNY 0.33, up 13.79% from the same period last year[21]. - The gross profit margin for the first half of 2021 was reported at 45%, a slight increase from 42% in the same period last year[12]. - The company reported a revenue increase of 15% year-over-year, reaching $500 million in the latest quarter[99]. - The company provided a forward guidance of 10% revenue growth for the next quarter, projecting revenues of approximately $550 million[101]. User Growth - User data showed an increase in active users by 15% compared to the previous year, reaching 1.5 million active users[12]. - User data showed a growth of 20% in active users, totaling 2 million users by the end of the reporting period[100]. Research and Development - The company has invested RMB 15 million in research and development for new firmware technologies, aiming to improve product performance by 30%[12]. - Research and development expenses accounted for 18.69% of operating revenue, a decrease of 2.1 percentage points from the previous year[21]. - The company has invested a total of ¥18,079,712.73 in R&D during the reporting period, representing a 15.35% increase compared to ¥15,673,686.55 in the previous period[53]. - The company has a research and development team of 565 personnel, with a core technical team having experience from industry giants like Intel and IBM[65]. - The company is investing $50 million in R&D for new technologies aimed at enhancing user experience[100]. Market Expansion - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[12]. - Market expansion efforts have led to a 25% increase in sales in the Asia-Pacific region[101]. - The company is focusing on the Jiangsu region for its cloud services, with plans to expand gradually to a national level[44]. Product Development - New product development includes the launch of a cloud computing solution expected to generate an additional RMB 30 million in revenue by the end of 2021[12]. - The company has developed multiple BIOS products with independent intellectual property rights, catering to major clients like Intel and Lenovo[30]. - The ByoCore® 2.0 product has been launched, utilizing an innovative code management method and supporting various domestic and international processors[49]. - The company has made significant advancements in cloud service technology, focusing on PaaS to support SaaS application development, which shortens development time[50]. Financial Management - The net cash flow from operating activities decreased by 56.45% to CNY 10,935,720.87, primarily due to increased cash payments to employees[22]. - Operating costs increased by 24.47% to 39,116,570.68 CNY, closely aligned with the revenue growth[76]. - The company has committed to a continuous and stable profit distribution policy, prioritizing cash dividends, with a minimum cash dividend ratio of 80% during mature stages without major capital expenditure[107]. Risks and Challenges - The company has identified potential risks related to supply chain disruptions, which could impact future revenue growth[12]. - The company is facing risks related to macroeconomic conditions, including trade tensions and the ongoing impact of the COVID-19 pandemic[74]. - The company has a risk of not renewing its agreement with Intel, which could significantly impact its firmware business[74]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,897[118]. - The top ten shareholders held a total of 43.05% of the company's shares, with the largest shareholder owning 37,430,696 shares[121]. - The company has a lock-up period for certain shareholders, with 37,430,696 shares held by 谢乾 becoming tradable on December 9, 2022, after a 36-month lock-up[125]. Compliance and Governance - The company has not engaged in any fraudulent issuance or misrepresentation in its public stock offering[106]. - The actual controllers of the company have committed not to interfere with the company's management activities or infringe on company interests[106]. - The company follows the enterprise accounting standards, ensuring that its financial statements reflect a true and complete picture of its financial status[175].

Financial Performance - Operating revenue rose by 56.18% to CNY 44,755,217.69 year-on-year[5] - Net profit attributable to shareholders increased by 87.40% to CNY 17,270,430.69 compared to the same period last year[5] - Basic earnings per share improved by 81.82% to CNY 0.20 per share[5] - The company's operating revenue for Q1 2021 was CNY 44,755,217.69, representing a 56.18% increase compared to CNY 28,656,496.57 in the same period last year, primarily due to growth in sales of cloud computing device firmware[13] - Operating profit for Q1 2021 was ¥19,889,377.36, up 103.3% from ¥9,755,032.59 in Q1 2020[25] - Net profit for Q1 2021 was ¥17,270,430.69, representing an increase of 87.5% compared to ¥9,215,726.13 in Q1 2020[25] - The company reported a total comprehensive income for Q1 2021 of CNY 3,909,927.25, reflecting a decrease of 39.1% compared to CNY 6,412,036.46 in Q1 2020[27] Cash Flow - The net cash flow from operating activities surged by 68.99% to CNY 8,999,311.72 year-on-year[5] - The net cash flow from operating activities was CNY 8,999,311.72, a 68.99% increase from CNY 5,325,388.08, driven by higher cash receipts from sales of goods and services[14] - Cash flow from operating activities increased to CNY 85,976,694.85 in Q1 2021, compared to CNY 50,572,813.22 in Q1 2020, representing a growth of 69.9%[29] - The company reported a net cash flow from investing activities of -CNY 67,284,711.74 in Q1 2021, a decline from a positive cash flow of CNY 1,438,473.11 in Q1 2020[30] - The company’s cash flow from financing activities was CNY 89,073,041.66, a substantial increase from CNY -6,545,724.05, attributed to increased bank borrowings[14] Assets and Liabilities - Total assets increased by 9.82% to CNY 1,105,147,461.40 compared to the end of the previous year[5] - The company’s inventory increased by 50.5% to CNY 20,338,829.68 from CNY 13,514,180.25, mainly due to an increase in contract performance costs[13] - Total current assets increased to ¥840,697,487.55 as of March 31, 2021, up from ¥810,395,463.54 at the end of 2020, representing a growth of approximately 10.5%[16] - Total liabilities increased to ¥185,799,574.39 from ¥104,206,047.04, representing a rise of about 78.4%[18] - Short-term borrowings rose significantly by 297.17% to CNY 120,492,708.33 from CNY 30,338,125.00, attributed to an increase in short-term bank loans[13] Shareholder Information - The total number of shareholders reached 7,499 at the end of the reporting period[10] - The largest shareholder, Xie Qian, holds 43.05% of the shares[10] - Total equity attributable to shareholders rose to ¥919,347,887.01 from ¥902,109,954.02, reflecting a growth of about 1.9%[18] Research and Development - R&D expenses as a percentage of operating revenue decreased by 3.94 percentage points to 19.11%[7] - Research and development expenses for Q1 2021 were ¥8,551,976.44, an increase of 29.5% from ¥6,603,902.72 in Q1 2020[24] Financial Expenses - The company’s financial expenses increased significantly, with a reported amount of CNY 435,447.63, compared to a negative CNY 165,035.68 in the previous year, due to increased interest expenses from bank loans[14] - The company reported a financial expense of ¥435,447.63 in Q1 2021, compared to a financial income of -¥165,035.68 in Q1 2020[24] Other Financial Metrics - Non-recurring gains and losses totaled CNY 5,680,254.35 for the period[9] - The company reported a 380.88% increase in income tax expenses, amounting to CNY 2,595,899.03, due to increased profits during the period[14] - The company’s other non-current assets surged by 824.35% to CNY 74,772,726.09 from CNY 8,089,222.91, primarily due to prepayments for property purchases by subsidiaries[13]

Financial Performance - The company's operating revenue for 2020 was RMB 198,416,265.14, a decrease of 6.77% compared to RMB 212,833,556.40 in 2019[22]. - Net profit attributable to shareholders for 2020 was RMB 58,053,310.21, an increase of 41.34% from RMB 41,074,894.24 in 2019[22]. - The net profit excluding non-recurring gains and losses was RMB 44,691,262.43, showing a slight increase of 1.00% from RMB 44,249,413.01 in 2019[22]. - Cash flow from operating activities increased by 73.24% to RMB 92,912,408.11 in 2020, compared to RMB 53,632,420.23 in 2019[22]. - Total assets at the end of 2020 were RMB 1,006,316,001.06, reflecting a growth of 6.64% from RMB 943,689,669.75 at the end of 2019[22]. - Net assets attributable to shareholders increased by 5.42% to RMB 902,109,954.02 at the end of 2020, compared to RMB 855,724,948.43 at the end of 2019[22]. - The basic earnings per share for 2020 was 0.67 yuan, up 6.35% from 0.63 yuan in 2019[23]. - The diluted earnings per share was 0.65 yuan, reflecting a 3.17% increase compared to 2019[23]. - The weighted average return on equity decreased to 6.62%, down 6.27 percentage points from 12.89% in 2019[23]. - The company achieved operating revenue of CNY 198.42 million in 2020, a decrease of 6.77% compared to 2019[82]. - The net profit for the year was CNY 58.05 million, representing a year-on-year growth of 41.34%[82]. - Revenue from core firmware business was CNY 96.95 million, accounting for 49.50% of main business revenue, while cloud service revenue was CNY 98.90 million, making up 50.50%[1]. Research and Development - The company is focused on independent research and development to ensure full control over core technologies[13]. - Research and development expenses accounted for 19.64% of operating revenue, an increase of 5.04 percentage points from the previous year[23]. - The company applied for 8 invention patents and obtained 8 patents during the reporting period, with a total of 43 applied and 13 obtained to date[56]. - Total R&D investment reached ¥38,971,191.25, an increase of 25.44% compared to the previous year, with R&D investment accounting for 19.64% of operating revenue, up by 5.04 percentage points[59]. - The R&D team includes professionals with experience from major industry players like Intel and IBM, contributing to the company's competitive edge[70]. - The company is enhancing its core BIOS technology with an investment of RMB 5 million in Intel SnowRidge CRB BIOS projects, aimed at solidifying its competitive advantage in the IoT sector[63]. - The company is focusing on enhancing its PaaS and SaaS capabilities, with a specific investment of RMB 200 million in data and AI algorithms to improve cloud service offerings[63]. Cloud Computing and Services - The company is actively involved in the cloud computing sector, providing various services including IaaS, PaaS, and SaaS[13]. - The company has established a comprehensive data management system centered around cloud centers to enhance data processing and analysis capabilities[13]. - The cloud service business targets government and enterprise clients, providing customized software development and integrated hardware-software solutions[37]. - The company has developed a proprietary cloud platform architecture called "Zhuoyi Cloud Platform," which includes SaaS, PaaS, and IaaS layers, providing comprehensive services for government and enterprise clients[40]. - The IaaS layer features a total storage capacity of 8PB, with 5PB currently in use, and a single instance memory performance reaching 4000MB/S[42]. - The company’s cloud service revenue includes IaaS layer service income and SaaS software sales, with a focus on customized solutions for government and enterprise applications[44]. - The company has developed a flood control IoT cloud project for Yixing Public Industry Construction Investment Co., providing integrated solutions and data analysis capabilities[39]. Corporate Governance and Compliance - The report includes a standard unqualified audit opinion from Tianheng Accounting Firm[4]. - The board of directors has ensured the authenticity, accuracy, and completeness of the annual report[4]. - The company has confirmed that there are no violations of decision-making procedures for external guarantees[7]. - The company has not conducted any capital reserve transfers to increase share capital or issued bonus shares for the year[5]. - The company has maintained a clear and compliant dividend policy that protects the rights of minority investors[132]. - The company has established a governance structure to protect the rights of shareholders and creditors, ensuring timely and accurate information disclosure[168]. - The company has implemented a performance evaluation system to protect employee rights and provide a safe working environment[169]. Dividend Policy - The company plans to distribute a cash dividend of 2.02 CNY per 10 shares, totaling approximately 17.57 million CNY, which represents 30.26% of the net profit attributable to shareholders for 2020[5]. - The cash dividend distribution policy stipulates that if there are no major investment plans, at least 20% of the distributable profits should be distributed as cash dividends[129]. - The cash dividend distribution plan has been approved by the board and requires shareholder meeting approval for implementation[131]. - The company has a structured decision-making process for dividend distribution, ensuring transparency and compliance with regulations[132]. - The company has committed to a continuous and stable profit distribution policy, emphasizing reasonable returns for investors while ensuring sustainable development[146]. Market Position and Strategy - The company aims to expand its market presence through new product development and technological advancements[13]. - The company is positioned in the competitive landscape of BIOS firmware products, with a focus on the domestic market driven by national security strategies[51]. - The company aims to deepen its market presence in Jiangsu province while gradually expanding its services nationwide, particularly in government cloud services[52]. - The company intends to deepen strategic partnerships with existing clients to enhance its domestic market share and expand into international markets through technical cooperation[125]. Risks and Challenges - The company has detailed various operational risks and corresponding mitigation measures in the report[4]. - The company faces risks related to market competition and the need for ongoing technological advancements to meet customer demands[78].