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].

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].