2022 年第三季度报告 证券代码：688365 证券简称：光云科技 杭州光云科技股份有限公司 2022 年第三季度报告 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期 | | 年初至报告期 末比上年同期 | | --- | --- | --- | --- | --- | | | | 比上年同 | 年初至报告期末 | | | | | 期增减变 | | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 | 119,203,546.54 | -8.62 | 370,037,580. ...

Financial Performance - The company reported a total revenue of 688.5 million CNY for the first half of 2022, representing a year-on-year increase of 15%[1]. - The company's operating revenue for the first half of 2022 was approximately RMB 250.83 million, a decrease of 5.70% compared to RMB 266.00 million in the same period last year[22]. - The net profit attributable to shareholders of the listed company was a loss of approximately RMB 77.69 million, compared to a loss of RMB 22.98 million in the same period last year[22]. - The net cash flow from operating activities was a negative RMB 87.33 million, compared to a negative RMB 27.42 million in the same period last year[22]. - Total revenue decreased by 15.16 million yuan, a decline of 5.70% compared to the same period last year, primarily due to the impact of COVID-19 on business operations in key regions[24]. - Net profit attributable to shareholders decreased by 54.70 million yuan, a decline of 238.03%, with a non-recurring profit and loss net profit decrease of 44.78 million yuan, a decline of 116.42%[24]. - The company achieved operating revenue of ¥250,834,033.67, a decrease of 5.70% year-on-year, primarily due to a decline in operating services and CRM SMS business revenue[77]. - The net profit attributable to shareholders was -¥77,685,332.30, a decline of 238.03% year-on-year, while the net profit after deducting non-recurring gains and losses was -¥83,250,631.19, a decrease of 116.42%[77]. - The company reported a net profit for the first half of 2022 was a loss of RMB 84,336,231.19, compared to a loss of RMB 24,257,090.94 in the first half of 2021, reflecting a deterioration in financial performance[198]. User Growth and Market Expansion - User data indicates an increase in active users by 20% compared to the same period last year, reaching 1.2 million active users[1]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by the end of 2023[1]. - The company expects a revenue growth forecast of 10-15% for the second half of 2022, driven by new product launches and market expansion strategies[1]. Research and Development - Investment in R&D increased by 25% year-on-year, focusing on developing new technologies and enhancing existing product lines[1]. - R&D investment accounted for 37.43% of operating revenue, an increase of 10.49 percentage points compared to the previous year[23]. - Research and development expenses increased by 31.02% year-on-year, totaling approximately ¥93.89 million, with a significant rise in the proportion of R&D expenses to operating income from 26.94% to 37.43%[59]. - The company applied for 3 new invention patents and obtained 1 design patent during the reporting period, bringing the total number of invention patents applied to 8, of which 4 have been granted[53][55]. - The company’s R&D investment in large merchant SaaS products has increased, focusing on technology accumulation and talent acquisition to enhance project and product technical levels[57]. Operational Efficiency and Cost Management - The company has implemented new strategies to improve operational efficiency, aiming for a 5% reduction in operational costs by the end of 2022[1]. - Management expenses increased by 10.26 million yuan, a rise of 20.31% year-on-year, while R&D expenses increased by 22.23 million yuan, a rise of 31.02% year-on-year[24]. - The company has established a decentralized event notification component to improve the efficiency of module collaboration within its application architecture[51]. Product Development and Innovation - The company continues to focus on its major merchant strategy, enhancing its e-commerce SaaS offerings and achieving good operational results in related investments[24]. - The company has launched new SaaS products such as KuaiMai ERP and KuaiMai XiaoZhi, targeting the needs of medium to large merchants[41]. - The company is focusing on developing industry-leading e-commerce SaaS products to address the operational challenges faced by merchants, including order management and customer service[60]. - The company is focusing on automated warehouse management solutions, including AGV scheduling systems and automated storage systems, to optimize inventory management[65]. - The intelligent product recommendation technology based on multi-dimensional store profiling has been developed to improve conversion rates and traffic utilization for e-commerce businesses[63]. Market Position and Competitive Landscape - The e-commerce SaaS market is expected to exceed 100 billion yuan by 2022, driven by increasing digital transformation among merchants[32]. - The company leads the e-commerce SaaS market in China with a significant number of paid users on Alibaba's merchant service platform, ranking among the top in its category[42]. - The e-commerce SaaS industry is experiencing rapid growth, with increasing competition and a shift from price-driven strategies to product capability and comprehensive strength[41]. - The company has maintained a good reputation and brand effect in the industry, being recognized as a "Gold Partner" in various e-commerce platforms[32]. Risks and Challenges - The company has identified key risk factors, including market competition and regulatory changes, which may impact future performance[1]. - The company faces risks related to reliance on e-commerce platforms, which may adjust revenue-sharing and operational fee rules unfavorably[92]. - The company acknowledges the risk of talent loss and insufficient talent reserves amid increasing competition in the SaaS industry[94]. Shareholder and Governance Matters - The company has established a commitment to comply with all relevant laws and regulations regarding share transfers and reductions[141]. - The company has committed to ensuring the accuracy and completeness of its prospectus, taking legal responsibility for any false statements or omissions[148]. - Major shareholders have issued commitments regarding stock lock-up and reduction, ensuring transparency and accountability in case of non-compliance[151]. - The company has committed to repurchasing any shares sold in violation of lock-up agreements within 10 trading days and extend the lock-up period by 3 months[152]. Community Engagement and Social Responsibility - The company has actively engaged in community support initiatives, including educational donations[135]. - The company donated materials worth 20,000 yuan to a school in Sichuan Province during the reporting period[135]. - The company has implemented internal cost reduction and efficiency improvement measures to promote energy conservation and emission reduction[134].

2022 年第一季度报告 证券代码：688365 证券简称：光云科技 杭州光云科技股份有限公司 2022 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务报表 信息的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比上年 | | --- | --- | --- | | | | 同期增减变动幅 | | | | 度(%) | | 营业收入 | 123,622,218.34 | -2.66 | | 归属于上市公司股东的净利润 | -30,742,843.48 | 不适用 | | 归属于上市公司股东的扣除非 经常性损益的净利润 | -33,075,587 ...

Financial Performance - The company reported a net loss for the year, as it has not yet achieved profitability since its listing[7]. - The company reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-on-year growth of 25%[12]. - The company's operating revenue for 2021 was CNY 545,339,075.07, representing a year-on-year increase of 6.94%, primarily driven by a 15.03% growth in core SaaS business revenue[22]. - The net profit attributable to shareholders was -CNY 59,538,422.60, a decline of 163.55% compared to the previous year, while the net profit after deducting non-recurring gains and losses was -CNY 90,311,577.01, down 308.23%[22]. - The net cash flow from operating activities decreased by 140.47% year-on-year, amounting to -CNY 35,155,694.99, mainly due to increased personnel costs from R&D and marketing[25]. - The company's total assets increased by 14.36% year-on-year to CNY 1,486,020,715.10, while net assets attributable to shareholders decreased by 2.33% to CNY 1,106,228,944.10[22]. - Basic and diluted earnings per share for 2021 were -CNY 0.15, a decrease of 162.50% from the previous year, and the basic earnings per share after deducting non-recurring gains and losses was -CNY 0.23, down 309.09%[23]. - The company reported a loss from equity method investments of -CNY 25,187,757.52, primarily due to early-stage operational challenges faced by its joint ventures[25]. - The weighted average return on net assets decreased by 14.19 percentage points to -5.31%[24]. Research and Development - Research and development expenses increased by 40%, totaling RMB 200 million, focusing on AI and big data technologies[12]. - R&D expenses increased by 49.83% year-on-year, with R&D investment accounting for 29.30% of operating revenue, up 8.39 percentage points from the previous year[24]. - The total R&D investment reached approximately ¥159.76 million, a 49.83% increase from the previous year's ¥106.63 million, with R&D expenses accounting for 29.30% of revenue, up 8.39 percentage points[75]. - The company holds a total of 171 intellectual property rights, including 5 invention patents, 10 design patents, and 154 software copyrights, reflecting its commitment to innovation[73]. - The company has developed advanced technologies in e-commerce, including real-time bidding systems and AI-driven detail page generation, enhancing user experience and operational efficiency[71]. Market Expansion and Strategy - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by 2023[12]. - The company plans to invest RMB 300 million in marketing efforts to boost brand awareness in 2022[12]. - The company aims to enhance the Kuaimai ERP product through increased marketing efforts and customer follow-ups to boost paying user numbers[41]. - The company is focused on continuous product innovation and development to meet the evolving needs of merchants, emphasizing the importance of R&D investment and strategic acquisitions[69]. - The company aims to enhance its overall solution capabilities by collaborating with partners in niche markets, ensuring effective integration of its product offerings[136]. Corporate Governance - The audit report issued by Lixin Accounting Firm confirmed the financial statements with a standard unqualified opinion[7]. - The board of directors and senior management guarantee the authenticity and completeness of the annual report[7]. - The company has established a governance system to ensure compliance with legal and regulatory requirements, enhancing operational transparency[176]. - The board of directors held 11 meetings in 2021, ensuring compliance with legal regulations and company bylaws[177]. - The supervisory board convened 9 meetings in 2021, effectively overseeing the company's operations and financial status[178]. Acquisitions and Investments - The company completed an acquisition of a logistics firm, enhancing its supply chain capabilities and expected to reduce operational costs by 15%[12]. - The company acquired 100% equity in ShenHui Intelligent for ¥120 million on January 13, 2021, which is expected to impact future revenue positively[112]. - The company acquired 100% equity of Hangzhou Deep Drawing Intelligent Technology Co., Ltd. for RMB 120 million, completing the transaction on January 26, 2021, making it a wholly-owned subsidiary[113]. - The company gained control of Juwot Technology by acquiring 51.95% equity through three transactions totaling RMB 21.56 million, with the final acquisition completed on September 7, 2021[114][115]. - The company is actively pursuing mergers and acquisitions to accelerate growth and capitalize on favorable industry trends[134]. User Engagement and Product Development - User data indicates an increase in active users by 30%, reaching a total of 5 million users by the end of 2021[13]. - The company’s SaaS product revenue grew by 15.03% year-on-year, driven by significant growth in services like Express Assistant and Quick ERP[38]. - The number of effective paying users for the Kuaimai ERP product increased by 90.83% year-over-year by the end of 2021[41]. - The company has launched new SaaS products such as KuaiMai ERP and KuaiMai XiaoZhi to cater to the needs of medium and large merchants, aiming for comprehensive market penetration[62]. - The company aims to provide a one-stop comprehensive solution for medium and large e-commerce merchants to enhance their operational efficiency and profitability[62]. Financial Outlook - The company has set a revenue guidance for 2022, projecting a growth rate of 20% to 25%[12]. - Future guidance suggests a projected growth rate of 10% in revenue for the upcoming fiscal year[190]. - The company plans to enhance its SaaS product offerings, including products like KuaiMai ERP and ShenHui, which are expected to further increase revenue and gross margin in the future[106]. - The company anticipates that the proportion of SaaS product revenue will continue to rise, leading to improved overall profitability in the coming years[106]. - The company is considering strategic acquisitions to enhance its market position, with a budget of 100 million allocated for potential deals[193].

Financial Performance - The company's operating revenue for Q3 2021 was ¥130,442,564.99, representing a year-over-year increase of 0.49%[5] - The net profit attributable to shareholders was a loss of ¥7,275,711.45, a decline of 132.12% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥11,505,471.90, down 164.68% year-over-year[5] - The basic earnings per share were -¥0.02, a decrease of 134.21% compared to the same period last year[6] - The weighted average return on equity was -2.09%, a decrease of 6.61 percentage points year-over-year[6] - The company reported a net loss of ¥53,303,551.56 for the first three quarters of 2021, contrasting with a profit in the previous year, highlighting a significant shift in financial performance[24] - The net profit for Q3 2021 was -31,805,907.79 RMB, compared to a net profit of 58,058,162.20 RMB in the same period last year, indicating a significant decline[25] - The total comprehensive loss for Q3 2021 amounted to -39,046,243.62 RMB, contrasting with a comprehensive income of 57,477,916.15 RMB in Q3 2020[26] - The basic and diluted earnings per share for Q3 2021 were both -0.08 RMB, compared to 0.10 RMB in Q3 2020[26] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,412,121,201.02, an increase of 8.68% from the end of the previous year[6] - The company's total assets as of September 30, 2021, amounted to ¥1,412,121,201.02, an increase from ¥1,299,369,906.64 at the end of 2020, reflecting a growth of approximately 8.7%[21] - The total liabilities as of September 30, 2021, were ¥298,335,579.10, compared to ¥165,838,001.43 at the end of 2020, representing an increase of approximately 79.7%[21] - Non-current assets totaled ¥736,252,816.51 as of September 30, 2021, up from ¥355,335,654.38 at the end of 2020, indicating a growth of approximately 73.5%[20] - Current liabilities totaled approximately $156.51 million, while total liabilities reached approximately $165.84 million[33] - The company reported a decrease in current liabilities by approximately $720,173.73 compared to the previous period[33] Cash Flow - The cash flow from operating activities was -¥53,851,476.84, reflecting a significant decline of 182.90%[6] - Cash flow from operating activities for the first nine months of 2021 was -53,851,476.84 RMB, down from 64,962,685.90 RMB in the same period of 2020[29] - The net cash flow from operating activities decreased by 182.90% compared to the previous year, mainly due to increases in inventory, prepaid amounts, and employee compensation[12] - The net cash flow from financing activities decreased by 92.09% due to the absence of significant fundraising compared to the previous year[12] - The company’s cash flow from investment activities showed a net outflow of -384,836,853.28 RMB in the first nine months of 2021, slightly improved from -386,543,761.41 RMB in the same period of 2020[29] Research and Development - Research and development expenses totaled ¥41,881,959.44, which accounted for 32.11% of operating revenue, an increase of 10.60 percentage points year-over-year[6] - R&D expenses rose by 41.15% as the company continued to increase investment in research and development, leading to a rise in the number of R&D personnel[11] - Research and development expenses for the first three quarters of 2021 were ¥113,544,942.49, compared to ¥80,440,378.51 in the same period of 2020, an increase of approximately 41.1%[24] Other Financial Metrics - The company reported non-recurring gains of ¥4,229,760.45 for the reporting period, compared to ¥19,714,945.32 for the year-to-date[10] - Cash and cash equivalents decreased by 92.37% due to a reduction in the balance of current bank deposits[11] - Accounts receivable increased by 32.63% attributed to the increase in outstanding payments from various platforms and new consolidations[11] - Inventory rose by 85.05% due to increased stocking compared to the end of the previous year[11] - Other current assets surged by 345.78% mainly due to an increase in unwithdrawn amounts in Alipay and the accrual of contract acquisition costs[11] - Long-term equity investments grew by 89.19% due to new investments[11] - Sales expenses increased by 92.25% primarily due to the expansion of the offline sales team for ERP and smart design products[11] - Deferred tax assets increased significantly by 4,933.35% mainly due to the accrual of deductible losses[11]

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2021, representing a year-on-year growth of 25%[1]. - The company has set a revenue guidance of RMB 2.5 billion for the full year 2021, indicating an expected growth of 20% compared to 2020[1]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the first half of 2021, representing a year-over-year growth of 25%[21]. - The company's operating revenue for the first half of the year reached ¥265,996,449.18, representing a year-on-year increase of 13.36% compared to ¥234,654,395.65 in the same period last year[22]. - The company reported a total revenue of 17,110 million RMB for the first half of 2021, with a net profit of 7,865.90 million RMB, indicating a strong performance compared to previous periods[62]. - The net profit attributable to shareholders was a loss of ¥22,981,958.06, a decline of 163.86% from a profit of ¥35,989,717.12 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥38,467,142.93, down 283.69% from ¥20,940,780.49 in the same period last year[22]. - The gross profit margin for the first half of 2021 was 64.54%, up by 1.76 percentage points year-on-year, mainly due to the increased proportion of SaaS product business[94]. User Engagement and Market Expansion - User data indicates an increase in active users to 5 million, up from 4 million in the same period last year, marking a growth of 25%[1]. - Market expansion efforts have led to a 15% increase in market share in the Southeast Asia region[1]. - The company is expanding its market presence by entering three new regional markets, aiming for a 10% market share in each by the end of 2022[21]. - The impact of the COVID-19 pandemic has led to a shift in consumer behavior, with a 50% increase in online transactions compared to pre-pandemic levels[21]. Research and Development - The company is investing RMB 200 million in R&D for new technologies aimed at enhancing user experience and operational efficiency[1]. - Research and development investments increased by 40%, focusing on AI and machine learning technologies to improve service efficiency[21]. - Research and development expenses accounted for 26.94% of operating revenue, an increase of 4.56 percentage points compared to 22.38% last year[24]. - The company achieved a total R&D investment of ¥71,662,983.05, representing a 36.43% increase compared to the previous period's ¥52,525,996.03[57]. Product Innovation - New product launches contributed to 30% of total revenue, highlighting the importance of innovation in driving sales[1]. - New product launches included an upgraded SaaS platform, which is expected to enhance user engagement and retention rates by 15%[21]. - The company is focused on enhancing its e-commerce SaaS products and services to meet the growing demand from small and medium-sized enterprises in the e-commerce sector[31]. - The company has launched new SaaS products such as KuaiMai ERP and KuaiMai Design, targeting mid to large-sized merchants to enhance operational efficiency and profitability[43]. - The company is focusing on continuous product innovation and development to meet the diverse needs of merchants, which is essential for maintaining competitiveness[50]. Financial Management and Investments - The company has completed the acquisition of a strategic partner, which is expected to enhance its product offerings and market reach[1]. - The company is exploring potential acquisitions to enhance its service offerings, with a target of completing at least two acquisitions by the end of 2021[21]. - The company has established a project development review committee to assess the feasibility and financial implications of new product initiatives[39]. - The company has temporarily used RMB 10,000,000 of idle raised funds to supplement working capital, which has not yet been returned to the special account for raised funds[164]. Risk Management - The management has identified potential risks including market competition and regulatory changes, which could impact future performance[1]. - The company acknowledges the risk of talent loss and insufficient reserves, which could impact future business development[86]. - The company is at risk of performance decline or losses due to market competition and changes in user demand[81]. Shareholder and Corporate Governance - The board has approved a profit distribution plan, proposing a dividend payout of RMB 0.5 per share for the first half of 2021[1]. - The company has committed to a 36-month lock-up period for shares held by major shareholders post-IPO, with specific conditions for extension if stock prices fall below the issue price[137]. - The company emphasizes adherence to the Company Law and relevant stock exchange regulations regarding shareholding changes and disclosures[138]. - The company has established commitments from shareholders to ensure compliance with shareholding restrictions and transfer regulations[139]. Environmental Responsibility - The company does not engage in manufacturing and is not classified as a heavily polluting industry, thus avoiding environmental pollution issues[130]. - There are no administrative penalties related to environmental issues during the reporting period[130]. - The company has not disclosed any other environmental information due to its non-involvement in pollution-related activities[130].

Financial Performance - Operating revenue rose by 22.53% to CNY 126,998,219.04 year-on-year[5] - Net profit attributable to shareholders decreased by 137.45% to a loss of CNY 6,302,529.02[5] - Basic earnings per share fell by 140.00% to -CNY 0.02[7] - The company reported a significant increase in non-recurring gains, totaling CNY 6,070,273.11[9] - The weighted average return on equity decreased by 2.86 percentage points to -0.56%[5] - Net profit for Q1 2021 was a loss of ¥6,994,658.66, compared to a profit of ¥16,830,940.03 in Q1 2020[23] - The total profit for Q1 2021 was CNY 563,344.85, a decrease from CNY 11,825,018.44 in Q1 2020, marking a decline of approximately 95.2%[26] - The company reported an operating profit of -¥11,438,865.04 for Q1 2021, compared to ¥17,138,174.68 in Q1 2020[23] - The company’s operating profit for Q1 2021 was CNY -917,485.15, a significant drop from CNY 12,225,018.44 in Q1 2020, indicating a decline of approximately 107.5%[26] Cash Flow and Liquidity - Net cash flow from operating activities dropped by 256.72% to a negative CNY 15,718,948.52[5] - The net cash flow from operating activities in Q1 2021 was negative at CNY -15,718,948.52, contrasting with a positive cash flow of CNY 10,030,244.12 in Q1 2020[29] - The company reported a cash outflow from investment activities of CNY 756,339,587.41 in Q1 2021, up from CNY 524,001,463.30 in Q1 2020, indicating an increase of approximately 44.4%[29] - The net cash flow from financing activities in Q1 2021 was negative at CNY -20,132,852.31, compared to a positive flow of CNY 14,988,383.56 in Q1 2020[29] - The company's cash and cash equivalents at the end of Q1 2021 were CNY 97,647,758.54, down from CNY 78,999,165.45 at the end of Q1 2020[29] - The net increase in cash and cash equivalents for Q1 2021 was -202,909,176.98 RMB, compared to an increase of 44,692,619.54 RMB in Q1 2020[33] Assets and Liabilities - Total assets increased by 3.68% to CNY 1,347,185,058.32 compared to the end of the previous year[5] - Cash and cash equivalents decreased by 79.98% to ¥90,436,677.41 due to the purchase of financial products[13] - Trading financial assets increased by 49.28% to ¥575,031,104.00, primarily due to increased purchases of financial products[13] - Inventory rose by 61.28% to ¥11,685,288.32, attributed to increased stocking of hardware products[13] - Goodwill surged by 283.68% to ¥151,226,600.35, mainly from the acquisition of Hangzhou Shenhui Intelligent Technology Co., Ltd.[13] - Total current assets decreased to RMB 781,280,032.87 from RMB 944,034,252.26, representing a decline of about 17.3%[18] - Long-term equity investments increased significantly to RMB 258,080,817.59 from RMB 173,236,000.00, marking a growth of approximately 49.0%[18] - Total liabilities increased to RMB 219,136,584.51 from RMB 165,838,001.43, indicating a rise of approximately 32.2%[19] - The company's total equity as of March 31, 2021, was RMB 1,128,048,473.81, slightly down from RMB 1,133,531,905.21, a decrease of about 0.5%[19] Shareholder Information - The total number of shareholders reached 7,558[11] - The largest shareholder, Hangzhou Guangyun Investment Co., Ltd., holds 38.48% of the shares[11] Research and Development - R&D expenditure as a percentage of operating revenue increased by 4.57 percentage points to 27.40%[7] - Research and development expenses increased to ¥34,798,485.51, a rise of 46.9% from ¥23,669,112.05 in Q1 2020[22] Other Financial Metrics - Sales expenses increased by 135.77% to ¥41,001,989.79, mainly due to higher personnel costs in the sales team[14] - Other income for Q1 2021 was ¥781,895.58, significantly higher than ¥207,451.93 in Q1 2020[22] - The company incurred credit impairment losses of CNY 218,862.21 in Q1 2021, compared to a recovery of CNY -79,695.13 in Q1 2020[26] New Leasing Standard - The company implemented the new leasing standard effective January 1, 2021, which requires recognition of right-of-use assets and lease liabilities for all leases, except for short-term leases and low-value asset leases[37] - The company reported a cumulative adjustment of CNY 864,534.76 due to the implementation of the new leasing standard[39] - The company did not opt to reassess existing contracts for leases prior to the implementation date[40] - The new leasing standard enhances the disclosure requirements for both lessees and lessors[37] - The company’s retained earnings were adjusted by CNY 63,511.82 as part of the cumulative effect of the new leasing standard[40]

Dividend Distribution - The company plans to distribute a cash dividend of 0.25 CNY per 10 shares, totaling approximately 10,025,000 CNY, which represents 10.70% of the net profit attributable to shareholders for the year 2020[5]. - The total share capital for the dividend calculation is based on 401,000,000 shares, subject to adjustment on the actual dividend record date[5]. - The company does not plan to increase capital reserves or issue bonus shares for the 2020 fiscal year[5]. - The actual distributable profit for shareholders in 2020 was CNY 84,036,381.76, with cumulative distributable profits amounting to CNY 106,530,449.72 as of December 31, 2020[148]. - The proposed cash dividend is CNY 0.25 per 10 shares, totaling an estimated cash dividend of CNY 10,025,000.00, which represents 10.70% of the net profit attributable to shareholders[148]. - The profit distribution plan has been approved by the board and requires approval from the annual general meeting of shareholders[149]. - The company adheres to a stable profit distribution policy, ensuring that cash dividends are at least 10% of the distributable profits when conditions are met[144]. - The cash dividend distribution must be completed within two months after the shareholders' meeting decision[149]. - The company emphasizes the importance of independent directors in the decision-making process for profit distribution, ensuring transparency and compliance[149]. - In 2020, the company distributed a cash dividend of 10,025,000 RMB, with a payout ratio of 10.70% based on the net profit attributable to ordinary shareholders[150]. - In 2019, the cash dividend amounted to 60,150,000 RMB, with a significantly higher payout ratio of 62.42%[150]. - The company did not distribute any cash dividends in 2018, resulting in a payout ratio of 0%[150]. - The company has not proposed any cash profit distribution plan for the reporting period despite having positive distributable profits[151]. - The company has committed to various promises related to share restrictions and competitive practices, ensuring compliance with regulations[152]. - The company has maintained a consistent approach to shareholder returns, with a focus on sustainable growth and reinvestment strategies[151]. Financial Performance - The company's operating revenue for the first half of 2020 was approximately RMB 509.97 million, representing a 9.75% increase compared to RMB 464.65 million in the same period of 2019[22]. - The net profit attributable to shareholders of the listed company decreased by 2.79% to RMB 93.68 million from RMB 96.37 million in 2019[22]. - The net profit after deducting non-recurring gains and losses dropped by 38.11% to RMB 43.37 million compared to RMB 70.07 million in the previous year[22]. - The cash flow generated from operating activities was RMB 86.88 million, a decrease of 16.40% from RMB 103.92 million in 2019[22]. - Total assets at the end of 2020 reached RMB 1.30 billion, a 56.73% increase from RMB 829.04 million at the end of 2019[23]. - The net assets attributable to shareholders of the listed company increased by 56.94% to RMB 1.13 billion from RMB 721.68 million in 2019[23]. - The overall gross margin for the year was 61.21%, a decrease of 2.62 percentage points compared to the previous year[92]. - Operating costs increased by 17.72% to RMB 197.83 million, primarily due to rising server costs and higher procurement prices for SMS channels[89]. - Sales expenses rose by 31.44% to RMB 99.78 million, attributed to the expansion of the offline sales team for products like KuaiMai ERP and KuaiMai Design[89]. - The company’s net profit for 2020 was reported at 93,683,729.67 RMB, reflecting a stable financial performance[150]. Audit and Compliance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants[4]. - The board of directors and senior management have confirmed the accuracy and completeness of the financial report[5]. - The company has no special arrangements for corporate governance that need to be disclosed[8]. - The report includes a forward-looking statement risk declaration, indicating that future plans do not constitute a commitment to investors[6]. - The company has committed to transparency in its financial reporting and adherence to regulatory commitments[152]. Research and Development - Research and development expenses accounted for 20.91% of operating revenue, an increase of 1.68 percentage points compared to the previous year[24]. - The company achieved a total R&D investment of ¥106,629,128.94, representing a 19.33% increase compared to the previous year[56]. - The company’s R&D team consists of 406 members, with 89.90% holding at least a bachelor's degree, indicating a strong academic background[70]. - The company aims to continue R&D investment in new SaaS products to maintain competitive advantage[82]. - The company has committed to increasing R&D investment to enhance product competitiveness and user experience, aiming for a higher renewal rate and brand awareness[133]. Market Strategy and Growth - The company is focusing on expanding its e-commerce services and enhancing its CRM capabilities to improve customer satisfaction and profitability[13]. - Future outlook includes the development of new products and technologies to strengthen market position and drive growth[13]. - The company plans to explore market expansion opportunities and potential mergers and acquisitions to enhance its service offerings[13]. - The company is adapting its products and services to meet the diverse needs of e-commerce merchants, ensuring a comprehensive service matrix[44]. - The company aims to penetrate the market of mature and brand merchants, which have higher customer stability and purchasing power, as a key growth strategy[42]. Investment and Financial Management - The company has invested a total of 11,080 million RMB in R&D, with 10,119.90 million RMB spent in the current period, and cumulative investment reaching 11,545.73 million RMB[60]. - The company has a diversified investment strategy that includes money market funds and bond funds to enhance returns while managing risk[187]. - The company has consistently achieved returns on investments, with yields ranging from 6.00% to 7.90% across various investment periods[189]. - The company has a strategy to invest in cash, bond repos, and bank deposits, focusing on low-risk financial products[187]. - The company has reported a total of 1,000 million in private debt and short-term financing bonds for 2020, with an interest yield of 4.89%[185]. Shareholder and Governance Commitments - The company has committed to not transferring or entrusting the management of shares held before the IPO for 36 months from the listing date[153]. - Major shareholders are restricted from transferring shares for 12 months following the stock's listing[153]. - The company will ensure compliance with all applicable laws and regulations during the share reduction process[154]. - The company has established strict rules for the transfer of shares by its supervisors, similar to those for directors and senior management[155]. - The company emphasizes compliance with the Shanghai Stock Exchange's regulations regarding share transfers and management[155].

Financial Performance - Net profit attributable to shareholders decreased by 5.75% to CNY 58,638,408.25 for the first nine months of the year[6] - Operating revenue for the first nine months rose by 8.26% to CNY 364,455,621.17 compared to the same period last year[6] - The diluted earnings per share decreased by 5.88% to CNY 0.16[7] - The net profit after deducting non-recurring gains and losses fell by 26.48% to CNY 38,729,573.13[6] - Total revenue for Q3 2020 reached ¥129.80 million, an increase of 14.2% compared to ¥113.65 million in Q3 2019[25] - Operating profit for Q3 2020 was ¥18.22 million, a decrease of 18.8% from ¥22.32 million in Q3 2019[26] - Net profit for Q3 2020 was ¥22.07 million, down 17.5% from ¥26.87 million in Q3 2019[26] - The company's operating revenue for Q3 2020 was CNY 60,882,382.35, representing a 47.9% increase compared to CNY 41,168,437.51 in Q3 2019[28] - The net profit for Q3 2020 reached CNY 17,906,631.14, a significant increase of 145.5% from CNY 7,296,937.00 in Q3 2019[29] Assets and Liabilities - Total assets increased by 51.59% to CNY 1,256,780,614.32 compared to the end of the previous year[6] - The company's trading financial assets increased by 47.33% to RMB 901,850,000 compared to the end of the previous year, attributed to funds raised from issuing shares for purchasing structured deposits[13] - Current assets totaled ¥1,028,449,038.45, an increase from ¥719,134,778.80 in the previous year[20] - The total liabilities were reported at ¥161,506,486.07, compared to ¥107,356,187.90 in the previous year, showing an increase in financial obligations[21] - The company's equity attributable to shareholders reached ¥1,093,874,374.30, up from ¥721,683,358.52 in the previous year[21] - Total liabilities increased to ¥252.68 million, compared to ¥159.97 million in the previous year, reflecting a rise of 58.0%[24] - The total current liabilities included accounts payable of ¥4,805,290.15 and accrued employee compensation of ¥30,364,114.91[38] Cash Flow - The net cash flow from operating activities decreased by 7.51% to CNY 64,962,685.90 compared to the same period last year[6] - The net cash outflow from investing activities increased significantly to ¥-386,543,761.41, up 370.03% year-on-year, primarily due to increased purchases of financial products and investments in associates[16] - The net cash inflow from financing activities was ¥324,964,378.03, a substantial increase compared to the previous year's outflow of ¥-4,163,734.18, mainly due to the issuance of new shares[16] - The company's cash flow from operating activities for the first three quarters of 2020 was CNY 64,962,685.90, down from CNY 70,239,326.09 in the same period of 2019[31] - The net cash flow from investing activities was -CNY 386,543,761.41 in Q3 2020, compared to -CNY 82,237,325.29 in Q3 2019, indicating increased investment outflows[32] - Cash inflows from financing activities totaled CNY 465,680,000.00 in Q3 2020, significantly higher than CNY 3,000,000.00 in Q3 2019[32] Research and Development - Research and development expenses accounted for 22.07% of operating revenue, an increase of 2.46 percentage points[7] - Research and development expenses for Q3 2020 were ¥27.91 million, an increase of 27.4% from ¥21.90 million in Q3 2019[25] - Research and development expenses for Q3 2020 were CNY 11,587,252.20, an increase from CNY 9,523,217.89 in Q3 2019[28] Shareholder Information - The number of shareholders reached 8,763 at the end of the reporting period[10] - The largest shareholder, Hangzhou Guangyun Investment Co., Ltd., holds 38.48% of the shares[10] Non-Recurring Gains and Other Income - The company reported a total of CNY 4,859,898.49 in non-recurring gains for the reporting period[9] - Other income increased by 216.06% to RMB 3,794,136, primarily due to higher government subsidies[15] - Investment income doubled to RMB 14,739,778, driven by increased returns from financial products[15] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[25] - The company did not report any significant changes in net profit expectations for the upcoming reporting period[17]

Financial Performance - The company reported a total revenue of RMB 200 million for the first half of 2020, representing a year-on-year increase of 15%[13]. - The company has set a revenue guidance of RMB 500 million for the full year 2020, reflecting an expected growth of 20% compared to 2019[13]. - The company's operating revenue for the first half of 2020 was approximately ¥234.65 million, representing a year-on-year increase of 5.23% compared to ¥222.99 million in the same period last year[19]. - The net profit attributable to shareholders of the listed company was approximately ¥35.99 million, a slight increase of 1.83% from ¥35.34 million in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 30.13%, amounting to approximately ¥20.94 million compared to ¥29.97 million last year[19]. - The gross profit margin improved to 45%, up from 40% in the same period last year[13]. - The company achieved operating revenue of 234,654,395.65 RMB, representing a year-on-year increase of 5.23%[65]. - Net profit attributable to shareholders was 35,989,717.12 RMB, with a year-on-year growth of 1.83%[65]. - The company reported a total profit of RMB 37,027,816.94, a decrease of 4.5% from RMB 38,787,742.03 in the first half of 2019[165]. - The company’s total comprehensive income for the first half of 2020 was RMB 35,989,717.12, slightly up from RMB 35,343,499.47 in the same period last year[166]. User Growth and Market Expansion - User data indicated a growth in active users by 25%, reaching a total of 1.5 million users by the end of June 2020[13]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share within the next two years[13]. - The company aims to enhance internal management efficiency and profitability for medium to large e-commerce merchants through a one-stop comprehensive solution[40]. - The company has a strong customer base among mature and brand merchants, who exhibit higher stability and purchasing power, making them a key target for future growth[39]. Research and Development - Research and development expenses increased by 20% to RMB 40 million, focusing on AI and machine learning technologies[13]. - Research and development expenses accounted for 22.38% of operating revenue, an increase of 2.60 percentage points compared to 19.78% in the previous year[19]. - The company maintained a significant scale of R&D investment, with R&D expenses increasing by approximately ¥8.42 million, a growth of 19.09% year-on-year[20]. - The number of R&D personnel reached 348, accounting for 31.44% of the total workforce[62]. - The average salary of R&D personnel was 22.35万元, with total salaries amounting to 4,405.21万元[54]. - The company has developed advanced technologies such as real-time processing architecture for hundreds of millions of orders and e-commerce keyword segmentation technology, solidifying its industry leadership[44][45]. Product Development and Offerings - New product launches included an upgraded version of their SaaS platform, which is expected to enhance user engagement and retention rates by 30%[13]. - Major products include Super Store Manager and Express Assistant for SaaS, and Quick Mail electronic label printer for hardware, with a strong reputation across platforms like Taobao, Tmall, and JD[27]. - The company has launched e-commerce SaaS products including KuaiMai ERP and KuaiMai Design to target the needs of mature and brand merchants, aiming for comprehensive customer coverage[40]. - The company processed over 9.3 billion orders in the past 12 months, demonstrating its peak processing capability during high transaction periods like "Double 11" and "6.18"[41]. - The company is expanding its SaaS product line across multiple e-commerce platforms, successfully serving major platforms like JD, Pinduoduo, and Ele.me[43]. Financial Position and Assets - The company's total assets increased by 45.75% to approximately ¥1.21 billion from ¥829.04 million at the end of the previous year[21]. - The net assets attributable to shareholders increased by 48.36% to approximately ¥1.07 billion from ¥721.68 million at the end of the previous year[21]. - The company reported a total current assets of ¥1,085,788,968.42 as of June 30, 2020, an increase from ¥719,134,778.80 at the end of 2019, representing a growth of approximately 50.9%[156]. - The company held cash and cash equivalents of ¥85,856,442.84, up from ¥34,037,431.94 in the previous year, indicating a significant increase of 152.5%[156]. - The trading financial assets increased to ¥905,000,000.00 from ¥612,140,000.00, reflecting a growth of 47.9%[156]. Shareholder and Governance Commitments - The company reported a commitment from its controlling shareholders to not transfer or manage shares for 36 months post-IPO, ensuring stability in shareholding[101]. - Shareholders holding over 5% of the company are restricted from transferring shares for 12 months post-IPO, reinforcing investor confidence[102]. - The company has established measures to ensure that any gains from short-term trading of shares by major shareholders will revert to the company[102]. - The company emphasizes the importance of compliance with the Shanghai Stock Exchange regulations in all shareholding activities[102]. - The company has committed to adhering to all relevant laws and regulations regarding shareholding and trading practices, ensuring compliance and transparency[102]. Risks and Challenges - Future risks include dependency on e-commerce platforms and potential adverse changes in revenue-sharing rules that could impact profitability[78]. - The company faces risks related to talent retention and shortages due to intensified competition in the SaaS industry[79]. - The e-commerce SaaS industry is experiencing rapid growth supported by favorable policies and technological innovations[82]. Compliance and Legal Matters - The company guarantees the authenticity, accuracy, and completeness of the prospectus, assuming legal responsibility for any false records or misleading statements[113]. - The company will ensure compliance with corporate governance regulations to protect investor rights and interests[116]. - The company has committed to maintaining compliance with regulatory requirements and ensuring investor protection[117]. - The company has not engaged in any significant related party transactions during the reporting period[126].