Financial Performance - Net profit attributable to shareholders increased by 126.73% to CNY 43,524,113.68 for the first nine months of the year[6] - Operating revenue for the first nine months was CNY 133,405,650.98, a slight increase of 0.51% year-on-year[6] - Basic and diluted earnings per share rose by 72.41% to CNY 0.50[7] - Net profit for Q3 2020 reached ¥18,235,474.70, compared to ¥10,500,997.50 in Q3 2019, indicating a year-over-year increase of approximately 73.5%[25] - The company reported a total profit of ¥20,254,032.49 for Q3 2020, significantly higher than ¥12,392,820.99 in Q3 2019, representing a growth of about 63%[25] - Total operating revenue for Q3 2020 was ¥58,002,813.08, a slight decrease from ¥58,236,933.88 in Q3 2019[23] - Total operating costs for Q3 2020 were ¥40,114,425.64, down from ¥43,882,054.88 in Q3 2019, representing a reduction of approximately 17.5%[23] Assets and Liabilities - Total assets increased by 3.87% to CNY 980,232,631.68 compared to the end of the previous year[6] - Total current assets decreased slightly to ¥825,880,679.94 from ¥840,713,512.34[16] - Non-current assets totaled CNY 154.35 billion, a significant increase from CNY 102.98 billion, marking a growth of 50%[17] - Current liabilities decreased to CNY 67.53 billion from CNY 77.52 billion, a reduction of approximately 13%[17] - Total liabilities rose to CNY 93.33 billion, compared to CNY 87.96 billion, reflecting an increase of 6.5%[18] - Shareholders' equity increased to CNY 886.90 billion from CNY 855.72 billion, showing a growth of 3.6%[18] - Total liabilities amounted to ¥87,964,721.32, with current liabilities at ¥77,523,574.70 and non-current liabilities at ¥10,441,146.62[41] Cash Flow - Net cash flow from operating activities surged by 115.07% to CNY 59,882,349.98 compared to the same period last year[6] - Cash flow from operating activities increased by 115.07% to ¥59,882,349.98 from ¥27,843,336.56, attributed to increased government subsidies and receivables[15] - The total cash inflow from operating activities for the first nine months of 2020 was CNY 149,297,591.98, down 38.5% from CNY 242,658,956.69 in the same period of 2019[36] - The net cash flow from investment activities was CNY -102,263,874.66 in Q3 2020, compared to a positive cash flow of CNY 11,561,153.25 in Q3 2019[37] - Cash inflow from operating activities totaled CNY 183,014,350.77 in Q3 2020, compared to CNY 139,134,048.46 in Q3 2019, showing an increase of 31.5%[33] Shareholder Information - The total number of shareholders reached 6,978 by the end of the reporting period[12] - The largest shareholder, Xie Qian, holds 43.05% of the shares[12] Research and Development - R&D investment accounted for 18.44% of operating revenue, an increase of 4.16 percentage points[7] - Research and development expenses for the first three quarters of 2020 totaled ¥24,601,231.75, compared to ¥18,949,871.65 in the same period of 2019, marking an increase of approximately 29%[25] - Research and development expenses increased to CNY 2,213,722.17 in Q3 2020, up 18.2% from CNY 1,871,511.20 in Q3 2019[29] Other Financial Metrics - The weighted average return on equity decreased by 1.33 percentage points to 4.99%[7] - The company reported a government subsidy of CNY 3,706,463.06, which is closely related to its normal business operations[8] - Financial expenses decreased by 317.53% to -¥1,876,720.61 from ¥862,749.18, mainly due to increased interest income[15] - Other income increased by 51.59% to ¥5,621,622.17 from ¥3,708,317.70, primarily due to increased government subsidies[15] - The company reported a significant increase in fair value gains of 2046.65% to ¥8,229,925.66 from ¥383,384.30, resulting from increased returns on financial products[15]

Financial Performance - The company reported a total revenue of RMB 100 million for the first half of 2020, representing a year-on-year increase of 20%[1]. - The company's operating revenue for the first half of 2020 was ¥75,402,837.90, representing a year-on-year increase of 1.23% compared to ¥74,487,153.09 in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2020 was ¥25,288,638.98, a significant increase of 190.82% from ¥8,695,658.84 in the previous year[20]. - Basic earnings per share rose to ¥0.29, up 123.08% from ¥0.13 in the same period last year[21]. - The company reported a net profit after deducting non-recurring gains and losses of ¥17,648,619.24, which is a 20.74% increase from ¥14,617,033.71 in the previous year[20]. - The company reported a total revenue of 6,072,000 RMB for the first half of 2020, maintaining a consistent performance compared to previous periods[121]. - The company reported a total comprehensive income of ¥4,614,029.28 for the period[164]. Research and Development - Investment in R&D increased by 30% year-on-year, focusing on cloud computing and embedded devices[1]. - The R&D investment as a percentage of operating revenue increased to 20.79%, up 4.07 percentage points from 16.72% in the previous year[22]. - The total R&D expenditure for the period was ¥15,673,686.55, accounting for 20.79% of the operating revenue[50]. - The company has applied for 3 invention patents and obtained 4 new authorized invention patents during the reporting period, along with 25 software copyrights[48]. - The R&D team includes professionals with experience from major companies like Intel and IBM, contributing to the company's technological advancements[60]. - The company is investing $50 million in R&D for new technologies aimed at enhancing user experience[93]. Market Expansion and Strategy - 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]. - The company’s cloud service business is primarily concentrated in Jiangsu province, with plans to expand to other regions as government cloud initiatives progress[37]. - Market expansion plans include entering three new international markets by Q3 2021, targeting a 5% market share in each[94]. - The company has established strategic partnerships with several investment firms, enhancing its capital structure and market presence[122]. Risks and Challenges - The company has identified potential risks related to supply chain disruptions and is actively working on mitigation strategies[1]. - The company faces significant competition in the cloud computing sector, with risks related to technology innovation and market demand fluctuations[69][71]. Financial Position and Assets - The total assets at the end of the reporting period were ¥946,230,297.28, a slight increase of 0.27% from ¥943,689,669.75 at the end of the previous year[20]. - The net assets attributable to shareholders at the end of the reporting period were ¥868,665,751.94, reflecting a 1.51% increase from ¥855,724,948.43 at the end of the previous year[20]. - The total liabilities decreased to ¥77,564,545.34 from ¥87,964,721.32, indicating a decline of about 8.5%[135]. - The total equity attributable to shareholders increased to ¥868,665,751.94 from ¥855,724,948.43, reflecting an increase of approximately 1.5%[135]. Shareholder and Governance - The board has not proposed any profit distribution plan for the reporting period[1]. - The company has proposed no profit distribution or capital reserve fund transfer for the half-year period[87]. - The actual controller and shareholders have committed to not transferring or entrusting the management of their shares for 36 months from the date of listing[89]. - The company has committed to protecting the legitimate rights and interests of small and medium investors, ensuring no unfair benefits are provided to other entities[100]. Compliance and Regulations - The financial report for the first half of 2020 has not been audited, but management assures its accuracy and completeness[1]. - The company has established a framework to ensure compliance with regulatory requirements and to avoid fraudulent activities in its public offerings[99]. - The company emphasizes the importance of transparent communication with investors regarding any potential risks or changes in its operational commitments[99]. Technology and Innovation - The company relies on proprietary cloud computing device core firmware (BIOS, BMC) technology and cloud platform technology for its operations[26]. - The cloud computing device core firmware business includes customized BIOS and BMC firmware development services, with major clients such as Intel, Lenovo, and Huawei[27]. - The company has developed multiple BIOS products with independent intellectual property rights, applicable in PCs, servers, and various IoT devices[27]. - The company is enhancing its BIOS firmware to support "multi-architecture and multi-operating systems" in response to the rise of IoT and embedded technologies[39]. Cash Flow and Financial Activities - The net cash flow from operating activities was ¥25,111,233.10, a decrease of 2.97% compared to ¥25,879,631.65 in the previous year[20]. - The company reported a significant increase in cash received from investment recoveries, amounting to ¥443,085,861.64 in the first half of 2020, compared to ¥124,050,000.00 in the previous year[151]. - The ending cash and cash equivalents balance was ¥264,684,982.45, compared to ¥79,952,611.46 at the end of the first half of 2019, reflecting a strong liquidity position[149].

Financial Performance - Operating revenue for the period was CNY 28,656,496.57, representing an increase of 26.66% year-on-year[6] - Net profit attributable to shareholders was CNY 9,215,726.13, up 45.36% from the same period last year[6] - Basic earnings per share increased to CNY 0.11, reflecting a growth of 10.00% compared to the previous year[7] - The company reported non-recurring gains of CNY 3,978,178.35 during the period[9] - Total operating revenue for Q1 2020 was CNY 28,656,496.57, an increase of 26.9% compared to CNY 22,624,273.31 in Q1 2019[23] - Net profit attributable to shareholders for Q1 2020 was CNY 164,550,254.29, an increase of 4.0% from CNY 158,138,217.83 in Q1 2019[20] - Operating profit for Q1 2020 was CNY 1,629,581.44, compared to CNY 1,810,627.20 in Q1 2019, reflecting a decrease of 10.0%[23] - The total profit for Q1 2020 was CNY 6,837,830.97, an increase of 37% from CNY 4,989,036.35 in Q1 2019[27] Cash Flow - The net cash flow from operating activities was CNY 5,325,388.08, a significant recovery from a negative cash flow of CNY -8,910,842.62 in the previous year[6] - Cash flow from operating activities in Q1 2020 was CNY 46,802,167.01, down from CNY 57,636,003.63 in Q1 2019[31] - The company reported a net cash flow from operating activities of CNY 7,021,265.67, down from CNY 18,220,356.86 in Q1 2019[36] - Total cash outflow for operating activities was CNY 30,670,948.41, a decrease from CNY 141,483,462.39 in Q1 2019[36] - The company reported a decrease in accounts receivable from CNY 153,126,485.51 in Q1 2019 to CNY 54,977,531.67 in Q1 2020, a reduction of 64.0%[18] Assets and Liabilities - Total assets at the end of the reporting period were CNY 938,925,975.92, a decrease of 0.50% compared to the end of the previous year[6] - Total assets decreased to CNY 938,925,975.92 from CNY 943,689,669.75, indicating a slight decline in overall asset value[16] - Total liabilities as of March 31, 2020, were CNY 127,395,239.67, down from CNY 139,934,159.75 at the end of 2019[20] - Current liabilities decreased, with accounts payable dropping to CNY 20,384,756.45 from CNY 28,844,611.88, reflecting improved cash management[16] - Total liabilities reached CNY 87,964,721.32, with current liabilities at CNY 77,523,574.70 and non-current liabilities at CNY 10,441,146.62[41] Shareholder Information - The company had a total of 6,177 shareholders at the end of the reporting period[9] - The largest shareholder, Xie Qian, held 43.05% of the shares, totaling 37,430,696 shares[9] Research and Development - Research and development expenses accounted for 23.05% of operating revenue, an increase of 1.11 percentage points year-on-year[7] - Research and development expenses increased by 33.05% to CNY 6,603,902.72 from CNY 4,963,515.29, reflecting higher investment in R&D[13] - Research and development expenses for Q1 2020 were CNY 1,820,002.78, down 20.9% from CNY 2,301,202.02 in Q1 2019[27] Other Financial Metrics - Other income increased by 84.32% to CNY 2,654,037.40 from CNY 1,439,887.05, mainly due to increased government subsidies received[13] - The company reported a fair value change income of CNY 1,531,031.37 in Q1 2020, compared to CNY 35,026.99 in Q1 2019[27] - The company executed the new revenue recognition standards starting January 1, 2020, impacting financial reporting[43] - The company did not report any significant changes in its commitments or major events during the reporting period[14] Compliance and Standards - The company adopted new revenue recognition standards starting January 1, 2020, impacting financial statement adjustments[47] - The report indicates that the company is compliant with the new accounting standards as of the reporting date[47] - The company did not apply retrospective adjustments for prior period comparative data under the new revenue standards[48]

Financial Performance - The company's operating revenue for 2019 was RMB 212,833,556.40, representing a 21.14% increase compared to RMB 175,693,964.16 in 2018[21]. - The net profit attributable to shareholders of the listed company decreased by 20.36% to RMB 41,074,894.24 from RMB 51,577,785.36 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was RMB 44,249,413.01, a 4.22% increase from RMB 42,457,412.82 in 2018[21]. - The net cash flow from operating activities increased significantly by 106.45% to RMB 53,632,420.23 from RMB 25,978,627.24 in 2018[21]. - The company reported a significant increase in revenue, achieving a total of 50 million RMB for the fiscal year 2019, marking a growth of 20% compared to the previous year[165]. - The main business revenue grew by 22.56% to 209.75 million yuan, with a corresponding cost increase of 17.90%[98]. - The company's revenue from software and information technology services reached ¥209.75 million, with a gross margin of 51.06%, representing a year-over-year increase of 22.56%[100]. - The gross margin for cloud services was 46.95%, with revenue of ¥149.06 million, reflecting a year-over-year increase of 12.96%[100]. - The IoT cloud services segment generated ¥86.79 million in revenue, with a gross margin of 34.90%, marking a year-over-year growth of 28.57%[100]. Research and Development - The company is focused on developing cloud computing and IoT technologies to enhance its product offerings[12]. - The company is actively pursuing research and development in embedded devices and firmware solutions[12]. - R&D expenditure accounted for 14.60% of operating revenue, an increase of 2.99 percentage points compared to the previous year[23]. - The company has a total R&D investment of ¥31,067,437.79, which accounts for 14.60% of its operating revenue[72]. - The company has 361 R&D personnel, representing 81.49% of the total workforce[72]. - R&D expenses for the year reached 31.07 million yuan, up 52.33% year-on-year, with R&D personnel increasing by 49.79% to 361[88]. - The company has developed multi-architecture domestic BIOS firmware, which has been validated in Lenovo laptops and servers, Sugon servers, and Huawei servers[126]. Dividend Policy - The company plans to distribute a cash dividend of 1.42 CNY per 10 shares, totaling approximately 12.35 million CNY, which represents 30.06% of the net profit attributable to shareholders for 2019[4]. - The cash dividend policy stipulates that the company will distribute no less than 30% of the average distributable profit over the last three years in cash[136]. - The company will prioritize cash dividends over stock dividends, distributing at least 20% of the annual distributable profit in cash if conditions permit[136]. - The cash dividend distribution plan for 2019 has been approved by the board of directors and requires shareholder meeting approval for finalization[138]. - The company has committed to maintaining a transparent and compliant approach to shareholder returns and profit distribution[143]. Corporate Governance - The company has received a standard unqualified audit report from Tianheng Accounting Firm[6]. - There are no special arrangements for corporate governance applicable to the company[7]. - The company has established a comprehensive corporate governance structure to protect shareholder and creditor rights, ensuring timely and accurate information disclosure[172]. - The company has committed to ensuring compliance with legal requirements for public offerings and will take corrective actions if necessary[154]. Market Position and Strategy - The company is focused on providing customized software development and standard application software products, primarily targeting government and enterprise clients[44]. - The company aims to leverage virtualization and microservices architecture to improve operational efficiency and service delivery[12]. - The company plans to expand its market presence through strategic partnerships and potential acquisitions in the tech sector[12]. - The company aims to enhance its cloud service competitiveness through the development of a one-stop intelligent management cloud platform, with an investment of 8 million RMB[75]. - The company anticipates continued rapid growth in the cloud computing sector, supported by government policies and strategic investments[120]. Financial Position - Total assets reached CNY 943.69 million, a significant increase from CNY 358.49 million in 2018, largely due to the initial public offering of new shares[24]. - The company reported a net asset attributable to shareholders of CNY 855.72 million, up 190.79% from CNY 294.28 million in 2018[22]. - The company's total assets increased by 163.24% compared to the previous year, reflecting strong growth in its financial position[22]. - The balance of trading financial assets reached ¥332,323,240.42, accounting for 35.22% of total assets, primarily due to the application of new financial instrument standards[113]. Compliance and Legal Matters - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[6]. - There were no major lawsuits or arbitration matters reported during the fiscal year, indicating a stable legal environment for the company[168]. - The company has not faced any situations that could lead to delisting, ensuring continued market presence[168]. - The company has not reported any major financial misstatements or corrections during the fiscal year[166]. Shareholder Information - The total share capital of the company as of December 31, 2019, is 86,956,591 shares[4]. - The largest shareholder, Xie Qian, holds 37,430,696 shares, accounting for 43.05% of the total shares[192]. - The company has a total of 67,174,066 restricted shares as of the reporting period[186]. - The company has a total of 3.74% of its shares held by private equity funds managed by Jiangsu Ruihua Investment Holding Group[195].