Financial Performance - The company's operating revenue for Q3 2021 was ¥110,551,403.64, representing a year-over-year increase of 12.18%[3] - The net profit attributable to shareholders was -¥88,648,182.58, with a year-to-date net profit of -¥235,498,894.38, both figures not applicable for year-over-year comparison[3] - The company reported a basic and diluted earnings per share of -¥1.87 for Q3 2021[5] - The net profit attributable to shareholders for the first nine months of 2021 decreased significantly due to substantial investments in R&D and sales personnel, leading to increased costs that revenue could not cover in the short term[10] - Basic and diluted earnings per share decreased due to the reduction in net profit attributable to shareholders and net profit after deducting non-recurring gains and losses[10] - The net loss for the first three quarters of 2021 was ¥236,832,953.18, worsening from a loss of ¥131,276,869.27 in the same period of 2020[21] - The total comprehensive income for Q3 2021 was -236,901,810.87 RMB, compared to -131,607,433.96 RMB in the same period last year, reflecting a worsening financial position[23] - Basic and diluted earnings per share for Q3 2021 were both -5.26 RMB, down from -3.67 RMB in Q3 2020, showing a decline in profitability[23] Revenue and Growth - The company's cloud product revenue for the first nine months of 2021 was ¥195,284,400, a year-over-year growth of 34.67%[9] - Strategic software revenue within cloud products surged by 650.91%, driven by growth in container and multi-cloud management platform revenues[9] - Total operating revenue for the first three quarters of 2021 reached ¥294,774,584.38, an increase of 21.5% compared to ¥242,684,830.76 in the same period of 2020[20] Expenses and Investments - Research and development (R&D) expenses totaled ¥39,617,094.06 in Q3 2021, an increase of 126.31% compared to the same period last year[5] - The net cash flow from operating activities for the first nine months of 2021 declined sharply as a result of increased sales scale and heightened R&D expenditures, resulting in higher cash payments to employees and taxes[10] - Total operating costs for the first three quarters of 2021 were ¥535,122,032.70, up 41.5% from ¥378,262,708.56 in the previous year[20] - Research and development expenses increased significantly to ¥101,533,970.47, compared to ¥54,035,856.23 in the same period last year, reflecting a focus on innovation[21] Assets and Liabilities - The total assets of the company reached ¥945,636,168.93, reflecting a year-over-year increase of 151.77%[5] - The company reported a total liability of ¥303,852,954.06, compared to ¥198,969,776.95 in the previous year, indicating increased leverage[18] - Current assets totaled ¥702,744,148.96, significantly higher than ¥222,389,908.03 in the previous year[16] - Cash and cash equivalents stood at ¥221,136,871.12, up from ¥71,853,236.52 in the previous year, showing improved liquidity[16] - The company’s equity attributable to shareholders was ¥645,500,168.65, compared to ¥179,012,713.08 in the previous year, indicating growth in shareholder value[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 3,551, with no preferred shareholders having restored voting rights[12] - The largest shareholder, Huang Yunsong, holds 6,709,835 shares, representing 14.14% of the total shares[13] - The second-largest shareholder, Jiaxing Lanchifan Investment Partnership, holds 3,978,683 shares, accounting for 8.38%[13] - The company has a total of 10 major shareholders, with the top 10 holding a significant portion of the shares[12] Future Outlook - The company is actively investing in new product development and market expansion strategies to enhance future growth prospects[10] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[19] - The company is committed to maintaining its focus on R&D and sales personnel investment to drive long-term growth despite short-term profitability challenges[10] - The company has faced challenges in achieving revenue growth that matches its increased operational costs during the ongoing development phase[10]

Financial Performance - The company reported no profit distribution or capital reserve transfer to increase share capital for the first half of 2021[5]. - The company reported a significant increase in revenue for the first half of 2021, with a year-on-year growth of XX% compared to the same period last year[22]. - The company's total revenue for the first half of 2021 was 184.22 million RMB, representing a year-on-year increase of 27.81% compared to 144.13 million RMB in the same period last year[24]. - The net profit attributable to shareholders was -146.85 million RMB, worsening from -77.38 million RMB in the previous year, indicating an increase in losses[24]. - The net cash flow from operating activities was -99.42 million RMB, a decline from -34.06 million RMB in the same period last year[24]. - The overall gross margin for the first half of 2021 was 2.33%, down 7.30 percentage points from 9.63% in the same period last year[26]. - The company reported a net loss of 146.85 million yuan in the first half of 2021, which is an increase in losses compared to the previous year[143]. - The company’s cumulative unabsorbed losses as of June 30, 2021, amounted to 509.14 million yuan[142]. Operational Strategy - The company faces various operational risks, which are detailed in the "Management Discussion and Analysis" section of the report[4]. - The company emphasizes the importance of risk factors in its operational strategy[4]. - The company aims to improve operational efficiency through the implementation of advanced IT infrastructure and management practices[22]. - The company is focused on developing new technologies to meet evolving customer needs in the cloud computing space[13]. - The company is exploring opportunities for mergers and acquisitions to strengthen its market position[13]. - The company is currently in an accelerated marketing phase, aiming to cover sales, management, and R&D expenses with sufficient gross margins to achieve profitability[141]. Market and Product Development - The company focuses on cloud computing services, including public cloud, private cloud, and hybrid cloud solutions[12]. - The company emphasizes the importance of IaaS, PaaS, and SaaS models in its service offerings[13]. - The report highlights the growth potential in big data, AI, and IoT sectors as part of its strategic focus[13]. - The company is investing in edge computing and cloud-edge collaboration to enhance data processing capabilities[13]. - The company aims to expand its market presence through the integration of cloud services with various industry applications[13]. - The company is actively expanding its product line, including IoT and edge computing platforms, to capitalize on trends in 5G and digital transformation[124]. Research and Development - Research and development efforts are being intensified, with a budget increase of XX% allocated for new technologies and product innovations[22]. - Research and development investment totaled approximately ¥61.92 million, a 69.49% increase from the previous period, representing 33.61% of total revenue[105]. - The number of R&D personnel increased to 433, representing 51.90% of the total workforce, up from 39.76% in the previous period[121]. - The company has obtained a total of 7 invention patents and 84 software copyrights as of June 30, 2021, reflecting its commitment to innovation[103]. Governance and Compliance - The board of directors confirmed that all members attended the board meeting, ensuring the authenticity and completeness of the semi-annual report[8]. - The semi-annual report has not been audited, but the responsible persons declared the financial report's accuracy and completeness[8]. - The report outlines the company's governance structure and compliance with regulations[9]. - The company has not violated decision-making procedures for external guarantees[7]. - The company emphasizes compliance with the Shanghai Stock Exchange's regulations on share reduction for all stakeholders involved[184]. Shareholder Commitments - The company has committed to not transferring or entrusting the management of shares held before the IPO for 36 months post-listing, and cannot reduce holdings until profitability is achieved within three complete fiscal years[181]. - Shareholders have committed to not transferring shares for 12 months post-listing, ensuring stability in shareholding[186]. - Major shareholders express confidence in the company's business prospects and plan to hold shares long-term[196]. Environmental Responsibility - The company has committed to environmental responsibility by implementing energy-efficient designs and utilizing new technologies to reduce carbon emissions in its data center operations[172]. - The company is focused on sustainable development and resource conservation in its operations and client projects[172]. - The smart data center solution aims to enhance energy efficiency and support the carbon neutrality goal through comprehensive lifecycle management[102].

Financial Performance - The net profit attributable to the parent company for 2021 was -282.7853 million yuan, and the net profit after deducting non-recurring gains and losses was -295.7944 million yuan[4]. - As of December 31, 2021, the accumulated undistributed profits (cumulative losses) amounted to -645.0767 million yuan, indicating potential risks for future profit distribution[4]. - The company will not distribute cash dividends or implement capital reserve transfers to increase share capital for the 2021 fiscal year due to negative undistributed profits[6]. - The company reported a significant increase in revenue, reaching RMB 10 billion, representing a year-over-year growth of 25%[13]. - The company reported a total revenue of 423.83 million yuan in 2021, a decrease of 1.11% compared to 2020[26]. - The net loss attributable to shareholders was 282.79 million yuan, widening from a loss of 163.38 million yuan in the previous year[28]. - The net cash flow from operating activities was -204.05 million yuan, an increase in loss of 14.99 million yuan compared to 2020[28]. - The company achieved operating revenue of CNY 423.83 million in 2021, a decrease of CNY 4.78 million or 1.11% compared to the previous year[129]. - The company reported a significant increase in annual revenue, reaching $X billion, representing a Y% growth compared to the previous year[194]. Research and Development - The company emphasizes the need for continued high investment in R&D to maintain product competitiveness and technological advancement[4]. - The company is investing heavily in R&D, with a budget of RMB 500 million allocated for new technologies and product development[13]. - Research and development expenses accounted for 31.81% of total revenue, an increase of 14.16 percentage points from 2020[27]. - The total R&D investment for the year was approximately ¥134.82 million, representing an increase of 78.23% compared to the previous year, and accounting for 31.81% of total revenue[99]. - The company has launched multiple distributed storage products, including QingStor NeonSAN 3.0 and QingStor Object Storage 3.0, with ongoing iterative development[108]. - The company is actively developing cloud-native products, including QKCP enterprise-level container platform and QKE container engine, to support customer cloud-native transformation[117]. - The company aims to enhance its cloud-native technology innovation, expanding its influence and capabilities in the cloud-native field[176]. Market Expansion and Strategy - Market expansion plans include entering three new international markets by the end of the next fiscal year[14]. - The company is considering strategic acquisitions to enhance its market position, targeting firms with complementary technologies[13]. - The company is exploring potential mergers and acquisitions to enhance its service offerings and market presence[24]. - The company is focusing on optimizing its commercial organizational structure to penetrate second and third-tier cities, aiming to meet the digital transformation needs of traditional industries[120]. - The company is expanding its market presence in Asia, targeting a 30% increase in market share within the next two years[192]. - The company plans to enhance its existing customer cloud migration scale and leverage benchmark projects to further expand market share[178]. Customer and User Data - User data showed a total of 5 million active users, an increase of 15% compared to the previous year[14]. - User data showed a growth in active users, reaching 5 million, which is a 30% increase compared to the previous year[24]. - The management team highlighted a focus on expanding user data, with a target to increase active users by 25% in the next fiscal year[191]. - Customer satisfaction ratings improved by 12%, reflecting the success of recent service enhancements[192]. Operational Efficiency - The company aims to improve operational efficiency by 10% through the implementation of advanced AI technologies[13]. - The company reported a gross margin of 45%, indicating strong operational efficiency and cost management[24]. - The gross margin for cloud computing decreased by 6.51 percentage points to 4.17%[141]. - The company aims to enhance its supply chain efficiency, targeting a 20% reduction in operational costs through technology integration[191]. Risks and Compliance - The company has detailed potential risks in its operations, which can be found in the "Risk Factors" section of the management discussion and analysis[5]. - The company warns that forward-looking statements regarding future plans and strategies do not constitute substantive commitments to investors[8]. - The company has established a governance structure that ensures clear responsibilities and mutual checks among its decision-making and supervisory bodies[181]. - The company has implemented various rules and systems to ensure effective governance and compliance with relevant laws and regulations[181]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 20%[13]. - Future guidance includes an expected revenue growth of 15% year-over-year for 2022, driven by new product launches[191]. - The company plans to continue investing in cloud computing product development, despite the risk of short-term profitability challenges due to high R&D costs[122]. - The company is committed to maintaining and expanding its enterprise-level cloud service clients while controlling fixed asset expenditures[177].

Financial Performance - In Q1 2022, the company reported revenue of CNY 79,630,486.86, a decrease of 9.01% compared to the same period last year[5] - The net profit attributable to shareholders was CNY -72,112,046.96, with a basic earnings per share of CNY -1.52[6] - Total operating revenue for Q1 2022 was CNY 79,630,486.86, a decrease of 9.4% compared to CNY 87,518,081.40 in Q1 2021[21] - Net loss for Q1 2022 was CNY -72,752,346.61, compared to a net loss of CNY -61,953,152.84 in Q1 2021, indicating a deterioration in performance[23] - Basic earnings per share for Q1 2022 were CNY -1.52, slightly better than CNY -1.56 in Q1 2021[24] Research and Development - R&D expenses totaled CNY 39,934,427.27, representing 50.15% of revenue, an increase of 19.28 percentage points year-over-year[6] - Research and development expenses rose significantly to CNY 39,934,427.27 in Q1 2022, up from CNY 27,019,206.64 in Q1 2021, reflecting a 47.5% increase[21] Profitability and Margins - The company achieved a gross profit of CNY 7,979,700, a significant increase from a gross loss of CNY -1,671,000 in the previous year, resulting in a gross margin of 10.02%[6] - The gross margin for cloud products improved to 26.38%, up 11.28 percentage points from 15.10% year-over-year[7] Cash Flow and Liquidity - The company reported a net cash flow from operating activities of CNY -44,279,950.35[5] - Cash flow from operating activities improved to CNY 139,132,088.42 in Q1 2022, compared to CNY 125,679,527.16 in Q1 2021, marking an increase of 10.6%[26] - The net cash flow from operating activities was -44,279,950.35, compared to -48,794,852.74 in the previous period, indicating a slight improvement[27] - Total cash inflow from investment activities was 20,867,178.22, while cash outflow was 93,307,419.00, resulting in a net cash flow of -72,440,240.78[27] - Cash inflow from financing activities totaled 33,300,000.00, with cash outflow of 43,538,930.00, leading to a net cash flow of -10,238,930.00[28] Assets and Liabilities - Total assets decreased by 8.98% to CNY 839,948,072.90 from CNY 922,838,904.88 at the end of the previous year[6] - Cash and cash equivalents decreased to RMB 288,906,978.25 from RMB 415,921,431.48, representing a decline of about 30.5%[17] - The company's total current assets were RMB 534,949,385.04, down from RMB 613,281,941.20, indicating a decrease of approximately 12.7%[18] - Total liabilities decreased to CNY 330,509,182.91 in Q1 2022 from CNY 340,366,656.37 in Q1 2021, a reduction of 2.5%[20] - The total equity attributable to shareholders decreased to CNY 513,756,520.44 in Q1 2022 from CNY 586,148,646.92 in Q1 2021, a decline of 12.3%[20] Investments and Other Income - The company reported an investment income of CNY 335,357.26 in Q1 2022, compared to CNY 47,277.99 in Q1 2021, showing a significant improvement[23] - The company reported cash received from investment income of 531,972.22, up from 100,824.67[27] Inventory and Financial Assets - Inventory levels decreased to RMB 2,825,982.81 from RMB 5,059,866.90, reflecting a reduction of about 44.0%[18] - The company reported a significant increase in trading financial assets, rising to RMB 111,198,676.89 from RMB 50,041,142.80, which is an increase of approximately 122.2%[17] Other Information - The company has not disclosed any new product or technology developments in the current report[16] - There are no updates on market expansion or mergers and acquisitions in the current report[16] - The report does not provide any future outlook or performance guidance for the upcoming quarters[16] - The company experienced a foreign exchange impact of -55,332.10 on cash and cash equivalents[28] - The company is not applying the new accounting standards for the current year[28]

Financial Performance - The net profit attributable to the parent company for 2021 was -282.7853 million yuan, and the net profit after deducting non-recurring gains and losses was -295.7944 million yuan[4]. - As of December 31, 2021, the company's accumulated undistributed profits amounted to -645.0767 million yuan, indicating potential challenges in profit distribution in the future[4]. - The company will not distribute cash dividends or implement capital reserve transfers to increase share capital for the 2021 fiscal year due to negative undistributed profits[6]. - The company faces risks related to its inability to achieve profitability in the near future if gross profit contributions do not cover operating expenses[4]. - The company reported a significant increase in revenue, reaching RMB 10 billion, representing a year-over-year growth of 25%[13]. - The company reported a total revenue of CNY 423.83 million in 2021, a decrease of 1.11% compared to 2020[26]. - The net loss attributable to shareholders was CNY -282.79 million, widening from a loss of CNY -163.38 million in the previous year[28]. - The net cash flow from operating activities was CNY -204.05 million, an increase in loss of CNY 14.99 million compared to 2020[28]. - The company's total assets reached CNY 922.84 million at the end of 2021, a 145.70% increase from CNY 375.60 million in 2020[26]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the fiscal year, representing a 25% year-over-year growth[24]. - The company provided guidance for the next fiscal year, projecting a revenue growth of 20% to 1.44 billion RMB, driven by new product launches and market expansion efforts[24]. - The company reported a total revenue of 10,009,835 million for the year 2021[186]. - The gross profit margin was 60.28% for the reporting period[186]. - The company reported a net profit margin of 12%, up from 10% in the previous year[187]. - The company achieved operating revenue of CNY 423.83 million in 2021, a decrease of CNY 4.78 million or 1.11% compared to the previous year[129]. Research and Development - The company emphasizes the need for continued high investment in research and development to maintain product competitiveness and technological advancement[4]. - The company is investing heavily in R&D, with a budget of RMB 500 million allocated for new technologies and product development[13]. - Investment in R&D increased by 15%, totaling 180 million RMB, focusing on cloud-native technologies and microservices architecture[24]. - The total R&D investment for the year was approximately ¥134.82 million, an increase of 78.23% compared to the previous year, representing 31.81% of total revenue[99]. - The company has increased its R&D personnel from 239 to 519, representing 54.46% of the total workforce, up from 42.30%[113]. - Total compensation for R&D personnel rose to approximately RMB 9,989.52 million, compared to RMB 6,595.22 million in the previous period[113]. - The company is investing $200 million in research and development for new technologies in the upcoming year[187]. - The company aims to increase its R&D budget by 20% to support innovation[186]. Market Expansion and Strategy - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 20%[13]. - Market expansion plans include entering three new international markets by the end of the next fiscal year[14]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[24]. - The company is considering strategic acquisitions to enhance its market position, targeting firms with complementary technologies[13]. - The company is actively pursuing opportunities in the financial sector, including local government cloud platform construction and national strategic initiatives[173]. - The company plans to enhance existing client cloud adoption and leverage benchmark projects to further expand market share in the government sector[173]. - The company is exploring potential mergers and acquisitions to strengthen its market position[186]. - The company is exploring potential acquisitions to enhance its product offerings, with a budget of $300 million allocated for this purpose[187]. Operational Efficiency - The overall strategy focuses on enhancing customer experience and expanding service offerings in the cloud computing sector[14]. - The company aims to improve operational efficiency by 10% through the implementation of AI and big data analytics[13]. - The company is implementing a new DevOps strategy to improve software deployment efficiency, aiming for a 40% reduction in deployment time[24]. - The company is focusing on hybrid cloud architecture, providing unified delivery and management of public and private clouds, enhancing operational efficiency[116]. - Operating expenses were controlled effectively, increasing only by 5% compared to the previous year[187]. Customer and User Engagement - User data showed a total of 5 million active users, an increase of 15% compared to the previous year[14]. - User data has shown a 25% increase in active users year-over-year[186]. - User data showed a 15% increase in active users, reaching 3 million by the end of the year[187]. - The company has a high customer satisfaction rate due to its strong product delivery and service capabilities, supported by a well-trained after-sales support team[120]. Corporate Governance and Management - The board of directors and management have confirmed the accuracy and completeness of the annual report, assuming legal responsibility for its content[4]. - There are no non-operating fund occupations by controlling shareholders or related parties reported[9]. - The company has not disclosed any special arrangements for corporate governance or significant matters that would affect its operations[9]. - The company has established long-term stable partnerships with leading enterprises across various sectors, including finance, energy, and healthcare, enhancing its market presence[119]. - The company is committed to maintaining transparency in its governance and operational strategies[194]. - The company is actively expanding its leadership team with experienced professionals from diverse backgrounds[194]. Risks and Challenges - The company faces risks related to its inability to achieve profitability in the near future if gross profit contributions do not cover operating expenses[4]. - The company faces risks related to market competition, particularly from major players in the public cloud sector, which may impact its operational performance[125]. - The accounts receivable amounted to CNY 112.33 million, representing 12.17% of total assets, indicating potential risks related to customer financial stability[127]. - The company is currently in a high growth phase but has not yet achieved profitability, primarily due to significant capital expenditures and competitive pressures in the cloud computing industry[122]. Financial Position and Investments - Cash and cash equivalents at the end of the period reached ¥415,921,431.48, accounting for 45.07% of total assets, an increase of 478.85% compared to the previous period[1]. - The company reported a significant increase in inventory, which reached ¥5,059,866.90, up 824.27% from the previous period[4]. - The company plans to purchase a property with a total price of ¥44,200,068.24, covering an area of approximately 4,222.33 square meters to establish a research and development center[165]. - The total debt was reduced by 10%, bringing it down to $200 million, which strengthens the company's financial position[189].

Financial Performance - The company's operating revenue for Q3 2021 was ¥123,279,332.45, representing a year-over-year increase of 25.09%[3] - The net profit attributable to shareholders for Q3 2021 was a loss of ¥88,648,182.58, with a year-to-date loss of ¥235,498,894.38[3] - The net profit attributable to shareholders for the first nine months of 2021 decreased compared to the same period last year, primarily due to significant investments in R&D and sales personnel, leading to increased costs and insufficient revenue to cover these costs[10] - The net loss for the third quarter of 2021 was ¥236,832,953.18, compared to a net loss of ¥131,276,869.27 in the same quarter of 2020, reflecting a deterioration in performance[19] - The company reported a net loss attributable to the parent company of RMB -235,567,752.07 for Q3 2021, compared to a loss of RMB -130,518,609.82 in Q3 2020, indicating a deterioration in performance[21] - Basic and diluted earnings per share for Q3 2021 were both -5.26 RMB, down from -3.67 RMB in Q3 2020, reflecting increased losses per share[21] Research and Development - Research and development (R&D) expenses totaled ¥39,617,094.06 in Q3 2021, an increase of 126.31% compared to the same period last year[5] - R&D expenses accounted for 32.14% of operating revenue in Q3 2021, up from 14.37% in the same period last year[5] - The company plans to continue investing in R&D and expanding its workforce to support growth initiatives[9] - The increase in R&D personnel and costs is part of the company's long-term growth strategy, despite the short-term impact on profitability[10] - Research and development expenses for the first three quarters of 2021 amounted to ¥101,533,970.47, which is an increase of 88.0% compared to ¥54,035,856.23 in 2020[18] Assets and Liabilities - Total assets increased by 151.77% year-over-year, reaching ¥945,636,168.93 by the end of Q3 2021[5] - The total assets of the company as of the third quarter of 2021 were ¥945,636,168.93, a substantial increase from ¥375,599,595.05 in the previous year[18] - The total liabilities increased to ¥303,852,954.06 in the third quarter of 2021, compared to ¥198,969,776.95 in the same period of 2020, marking a rise of approximately 52.8%[17] - The company's equity attributable to shareholders was ¥645,500,168.65, up from ¥179,012,713.08 in the previous year, indicating a growth of about 260.3%[18] - The cash and cash equivalents increased significantly, with current assets totaling ¥702,744,148.96 compared to ¥222,389,908.03 in the previous year, reflecting a growth of approximately 215.5%[18] Cash Flow - The net cash flow from operating activities saw a significant decline due to increased sales scale and heightened R&D investments, resulting in higher cash payments to employees and taxes[10] - The net cash flow from operating activities for Q3 2021 was -147,499,399.74, worsening from -63,835,972.49 in Q3 2020[23] - Cash inflows from operating activities for the first nine months of 2021 totaled RMB 385,655,966.83, up from RMB 298,963,870.64 in the same period of 2020, representing a 29% increase[22] - The company reported a net cash outflow from investment activities of RMB -366,679,079.67 for Q3 2021, compared to -10,207,350.20 in Q3 2020, indicating increased investment expenditures[23] - The company raised RMB 691,708,721.84 from financing activities in Q3 2021, compared to RMB 60,000,000.00 in Q3 2020, indicating a substantial increase in capital raised[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 3,551, with no preferred shareholders having restored voting rights[12] - The top ten shareholders held a combined total of 43.57% of the company's shares, with the largest shareholder owning 14.14%[13] Market Strategy - The company is focusing on expanding its market presence and investing heavily in new product development and technology[10] - Strategic software revenue grew by 650.91% year-over-year, driven by increased sales of container and multi-cloud management platforms[9] Financial Stability - The company has not reported any significant changes in its audit opinion for the quarter, indicating stable financial reporting practices[15] - The report indicates that the company is navigating through a challenging financial landscape with a focus on improving retained earnings[27]

Financial Performance - The company reported a significant increase in revenue for the first half of 2021, with a year-on-year growth of XX% compared to the same period last year[22]. - The company's total revenue for the first half of 2021 was 248.68 million, a year-on-year increase of 72.54% compared to 144.13 million in the same period last year[24]. - The net loss attributable to shareholders for the first half of 2021 was 146.85 million, widening from a loss of 77.38 million in the same period last year[30]. - The net cash flow from operating activities was -99.42 million, a decrease of 65.36% compared to -34.06 million in the first half of 2020[30]. - The overall gross margin for the first half of 2021 was 1.73%, down 7.91 percentage points from 9.63% in the same period last year[28]. - The company reported a significant increase in cash and cash equivalents, totaling 258.73 million, up 260.08% from the previous year[155]. - The company achieved operating revenue of 248.68 million yuan, an increase of 72.54% compared to the previous year[149]. - The net profit attributable to shareholders was -146.85 million yuan, a loss increase of 6.95 million yuan year-on-year[149]. Research and Development - The company is investing in R&D for new technologies, with a budget increase of XX% allocated for innovation and development[22]. - Total R&D investment reached approximately ¥61.92 million, a 69.49% increase from the previous period, with R&D expenses accounting for 24.90% of revenue[105]. - The increase in R&D investment is primarily due to staff expansion and a 91.85% year-on-year increase in employee compensation[106]. - The number of R&D personnel increased to 433, representing 51.90% of the total workforce, up from 39.76% in the previous period[120]. - The company has achieved significant technological advancements, including 7 invention patents, 11 design patents, and 84 software copyrights, with 2 new invention patents and 45 software copyrights added in the first half of 2021[89]. Market Strategy and Expansion - The company is focused on developing new technologies such as edge computing and cloud-edge collaboration[13]. - The company is exploring potential mergers and acquisitions to strengthen its market position and technological capabilities[12]. - Market expansion strategies include entering new geographical regions, targeting a potential market size of $XX billion[22]. - The company is considering strategic acquisitions to bolster its product offerings and market presence, with potential targets identified[175]. - The company aims to enhance its cloud security measures, investing an additional $XX million to ensure compliance with regulatory requirements[22]. Cloud Services and Products - The company emphasizes the importance of cloud computing, including public, private, and hybrid cloud models[12]. - The report highlights the growth in demand for IaaS, PaaS, and SaaS services, indicating a shift towards cloud-based solutions[12]. - Cloud product revenue reached 180.39 million, representing a significant increase of 126.52% year-on-year[27]. - The strategic software revenue saw a remarkable increase of 377.02%, driven by sales of container platforms and multi-cloud management platforms[28]. - The company is developing a "Unified Metering Service" with a total investment of ¥5,000,000.00, current period investment of ¥1,050,601.96, and cumulative investment of ¥4,605,439.48[107]. Governance and Compliance - The board of directors confirmed that all members attended the board meeting, ensuring the authenticity and completeness of the semi-annual report[8]. - The report outlines the company's governance structure and compliance with regulations[9]. - The company has not violated decision-making procedures for external guarantees[7]. - The company has established partnerships with major cloud service providers, aiming to increase market share by XX% in the next fiscal year[22]. Risks and Challenges - The company faces various operational risks, which are detailed in the report's management discussion and analysis section[4]. - The report includes a forward-looking statement risk declaration, indicating that future plans and strategies do not constitute substantial commitments to investors[6]. - The company faces significant competition in the public cloud sector from major players like Alibaba Cloud and Tencent Cloud, which poses risks to its market position[146]. Shareholder Commitments and Restrictions - The company has committed to not transferring or entrusting the management of shares held before the IPO for 36 months from the date of listing[177]. - If the company does not achieve profitability, shareholders are restricted from reducing their pre-IPO shares for three complete fiscal years after the IPO[178]. - The company will comply with relevant laws and regulations regarding share reduction, including the Company Law and Securities Law of the People's Republic of China[181]. - The company has received commitments from various shareholders to maintain their shareholdings for 12 months post-IPO[183].

Financial Performance - Operating revenue for the period was CNY 114,196,561.96, an increase of 87.11% year-on-year[6] - The company reported a net cash flow from operating activities of CNY -48,794,852.74, compared to CNY -40,026,452.60 in the same period last year[6] - The company reported a net loss attributable to shareholders was CNY -61,517,898.12, compared to a loss of CNY -41,521,891.84 in the same period last year[6] - The net loss for Q1 2021 was CNY -61,953,152.84, compared to a net loss of CNY -41,902,151.25 in Q1 2020, representing an increase in loss of 47.9%[35] - The total comprehensive loss for Q1 2021 was CNY -61,857,081.50, compared to CNY -41,814,730.19 in Q1 2020, indicating a 47.9% increase in comprehensive loss[36] Assets and Liabilities - Total assets increased by 172.66% to CNY 1,024,112,663.23 compared to the end of the previous year[6] - The company reported a total asset value of CNY 375,599,595.05 as of the end of Q1 2021, compared to CNY 386,619,480.20 at the beginning of the year[47] - Total liabilities increased to CNY 222,959,460.61 in Q1 2021, up from CNY 202,182,731.11 in Q4 2020[31] - The company’s cash and cash equivalents stood at CNY 64,843,296.76, indicating stable liquidity[50] - The total equity attributable to shareholders was CNY 179,012,713.08, with capital reserves of CNY 506,602,716.27[48] Shareholder Information - The total number of shareholders at the end of the reporting period was 5,544[12] - The top shareholder, Huang Yunsong, held 14.14% of the shares, totaling 6,709,835 shares[12] Research and Development - R&D expenses accounted for 23.66% of operating revenue, a decrease of 8.49 percentage points compared to the previous year[8] - Research and development expenses increased by 37.69% to RMB 27,019,206.64, driven by an increase in R&D personnel[16] - The company has increased its R&D expenses, which may not immediately translate into revenue to cover these costs[22] Cash Flow - Cash inflows from financing activities totaled CNY 736,510,912.57, significantly up from CNY 4,000,000.00 in Q1 2020[44] - The net cash flow from financing activities was CNY 693,967,731.12, compared to CNY 405,979.00 in the previous year[44] - The cash flow from operating activities for Q1 2021 was CNY -48,794,852.74, worsening from CNY -40,026,452.60 in Q1 2020[40] Revenue Breakdown - Cloud service revenue in Q1 2021 was 36.85 million RMB, up 17.90% from 31.26 million RMB in Q1 2020[20] - Cloud product revenue in Q1 2021 was 77.34 million RMB, a significant increase of 159.79% from 29.77 million RMB in Q1 2020[20] - Strategic software revenue grew by 632.88% year-over-year, driven by increases in container and multi-cloud management platform revenues[20] Cost and Expenses - The company reported a 95.43% increase in operating costs, totaling RMB 115,867,515.03, attributed to the growth in main business revenue[16] - The company incurred sales expenses of CNY 21,642,359.07 in Q1 2021, which is a 70.4% increase from CNY 12,686,345.79 in Q1 2020[35] - The company reported a financial expense of CNY 668,430.31 in Q1 2021, significantly higher than CNY 65,634.54 in Q1 2020[35] Future Outlook - The company anticipates that most of its cloud product revenue will be realized in the second half of the year due to seasonal sales characteristics[22] - The company is focusing on market expansion and new product development as part of its future strategy[32]

Financial Performance - The company reported a negative retained earnings of 0 as of December 31, 2020, resulting in no cash distribution to shareholders for the year[6]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the year, representing a 20% year-over-year growth[15]. - The company reported a significant increase in revenue, achieving a total of $500 million for the fiscal year, representing a 25% year-over-year growth[20]. - The company reported a cumulative unabsorbed loss of 362.29 million yuan as of December 31, 2020, indicating ongoing challenges in achieving profitability[117]. - The net profit attributable to shareholders was -163.38 million yuan, a reduction in loss by 26.00% compared to last year[126]. - The company’s cash flow from operating activities was -54.09 million yuan, indicating a negative cash flow situation[129]. - The company’s revenue growth was affected by the COVID-19 pandemic, which limited customer visits and business development[123]. - The company’s main business revenue increased from 376.38 million yuan in 2019 to 428.23 million yuan in 2020, a growth of 13.78%[109]. - The company reported a net profit attributable to ordinary shareholders of -163.38 million RMB in 2020, with no cash dividends proposed[170]. Operational Risks and Governance - The company has detailed various operational risks in the report, which can be found in the section discussing risk factors[4]. - The audit report issued by the accounting firm was a standard unqualified opinion, ensuring the accuracy of the financial statements[5]. - There are no non-operating fund occupations by controlling shareholders or related parties[8]. - The company does not have any violations of decision-making procedures regarding external guarantees[8]. - The company has not disclosed any special arrangements in corporate governance[9]. - The company has confirmed that all board members attended the board meeting, ensuring collective responsibility for the report's accuracy[5]. - The company has committed to strict adherence to shareholder agreements and has fulfilled all commitments in a timely manner during the reporting period[171]. Research and Development - The company is investing in R&D, allocating 10% of its revenue, approximately 150 million RMB, towards developing new technologies[15]. - The company’s research and development expenses increased by 8.77% to 75.64 million yuan, reflecting ongoing investment in innovation[129]. - The number of R&D personnel has increased to 239, accounting for 42.3% of the total workforce, up from 38.34% in the previous period[101]. - The company has achieved multi-cloud management and automated operations, with ongoing iterative development of the application lifecycle management platform[27]. - The company has developed a leading interface-based container cluster management technology, with the release of version 3.1, supporting edge computing and various new features[84]. Market Expansion and Product Development - The company provided guidance for the next fiscal year, projecting a revenue growth of 15% to 1.725 billion RMB[15]. - New product launches included a cloud service platform that is expected to contribute an additional 200 million RMB in revenue next year[15]. - Market expansion plans include entering three new international markets, aiming for a 25% increase in global user base[15]. - The company is exploring potential acquisitions to enhance its technology stack, with a budget of 500 million RMB earmarked for this purpose[15]. - The company is focusing on the commercialization of new products such as storage, container products, and edge computing, which are in high demand[161]. Shareholder and Share Structure - The company reported a commitment from major shareholders to not transfer or manage their shares for 36 months post-IPO, with specific conditions on share reduction thereafter[176]. - Major shareholders, including Huang Yun, Song, Lin Yuan, and Gan Quan, hold significant control over the company and have outlined restrictions on share transfers[176]. - The company has established a lock-up period for shares held by key personnel, preventing any reduction in holdings until the company achieves profitability[177]. - The company plans to limit any share reductions by major shareholders to no more than 2% of total shares per year during specified periods[177]. - The company will comply with all relevant laws and regulations regarding share reduction and lock-up commitments[180]. Strategic Partnerships and Collaborations - Strategic partnerships with key industry players are expected to drive innovation and improve service offerings, enhancing competitive advantage[15]. - The company plans to strengthen its strategic partnerships in the financial and government sectors, leveraging national policy directions[162]. - The company emphasizes the importance of open ecosystems and collaboration with upstream and downstream partners[162]. Future Outlook and Guidance - The company plans to continue expanding its cloud services and enhancing product offerings to drive future growth[131]. - The company aims to leverage mixed cloud solutions as a new revenue growth source in response to market trends[122]. - In 2021, the company plans to focus on continuous innovation and collaboration with ecosystem partners to enhance cloud computing, IoT, AI, and 5G applications[161]. - The company aims to implement a "broad hybrid cloud strategy," covering all scenarios of "cloud, network, edge, and terminal" to establish a seamless hybrid cloud infrastructure[87].