2021 年第一季度报告 公司代码：688369 公司简称：致远互联 北京致远互联软件股份有限公司 2021 年第一季度报告 1/19 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 单位：元 币种：人民币 | | 本报告期末 | 上年度末 | 本报告期末比上年度末 | | | --- | --- | --- | --- | --- | | | | | 增减(%) | | | 总资产 | 1,716,087,144.80 | 1,841,894,055.31 | | -6.83 | | 归属于上市公司股东 | 1,318,085,325.32 | 1,310,895,760.24 | | 0.55 | | 的净资产 | | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) | | | 经营活动产生的现金 | -136,138,739.93 | -116,242,591.14 | | 不适用 | | 流量净额 | | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减（%） | | | 营业收入 | 117,598,817.25 | ...

Financial Performance - The company achieved total operating revenue of CNY 763.29 million in 2020, representing a year-on-year increase of 9.07%[24]. - Net profit attributable to shareholders reached CNY 107.60 million, up 10.40% compared to 2019[24]. - The basic earnings per share decreased to CNY 1.40, a decline of 12.50% from the previous year[23]. - The weighted average return on equity fell to 8.50%, down 11.22 percentage points from 2019[23]. - The company reported a net cash flow from operating activities of CNY 125.20 million, a significant increase of 29.69% compared to 2019[24]. - The total assets at the end of 2020 were CNY 1.84 billion, reflecting a 9.42% increase from the previous year[24]. - The company achieved a total R&D investment of ¥119,638,014.75 in 2020, representing a 33.87% increase compared to ¥89,370,959.32 in 2019[77]. - R&D investment accounted for 15.67% of total revenue, an increase of 2.90 percentage points from the previous year[77]. - The company reported a significant increase in contract liabilities, reaching CNY 216,553,412.39, reflecting the implementation of new revenue recognition standards[147]. - The company achieved operating revenue of 763.29 million RMB, an increase of 63.46 million RMB, representing a growth of 9.07% year-on-year[100]. Research and Development - Research and development expenses accounted for 15.67% of operating revenue, an increase of 2.90 percentage points year-on-year[23]. - The company applied for 23 new invention patents in 2020, with 1 patent approved, bringing the total approved patents to 31[75]. - The company reported a total of 434 R&D personnel, with 83.41% holding a bachelor's degree and above, and 52.53% aged 30 or below[84]. - The company is investing $50 million in research and development for new technologies aimed at enhancing user experience[190]. - Increased R&D investment in cloud service products, with plans to launch the new V8 collaborative technology platform and enhance HR cloud service capabilities[164]. Product Development and Innovation - The company is developing a new collaborative management technology platform, V8, to enhance its product offerings[12]. - The company has developed a platform-based product strategy, including the V5 collaborative management platform and Formtalk PaaS platform, targeting various market segments such as large enterprises, government organizations, and SMEs[34]. - The collaborative management software products include A8 for large enterprises, G6 for government organizations, and A6 for SMEs, with a focus on enhancing collaborative office and business applications[35]. - The company launched the V8.0 version of its platform, enhancing capabilities in unified data analysis and low-code business customization[106]. - The company upgraded its core technologies, enhancing the performance, stability, security, and compatibility of the V5 platform and its products A8, A6, and G6, aligning with strategic development needs[60]. Market Strategy and Expansion - The company is focusing on expanding its market presence through its core technology, CAP, which supports collaborative application development[12]. - The company employs a mixed sales model combining direct sales and distribution to effectively reach a wide range of clients, including large enterprises and government agencies[46]. - The company is considering strategic acquisitions to bolster its market position, with a budget of $100 million allocated for potential deals[190]. - The company plans to enhance its marketing strategy, increasing the budget by 30% to support new product launches and market penetration[190]. - The company aims to expand its market presence by leveraging its proprietary technologies and innovative solutions in the collaborative management sector[57]. Compliance and Governance - The company reported a standard unqualified audit opinion from Lixin Certified Public Accountants[5]. - The company has confirmed that all board members can guarantee the authenticity and completeness of the annual report[9]. - The company emphasizes compliance management to ensure sustainable and healthy development, focusing on accurate and timely information disclosure[168]. - The company guarantees that its prospectus and other disclosure materials do not contain false records or misleading statements[185]. - The company will ensure compliance with information disclosure regulations regarding shareholder reductions post-lock-up[181]. Shareholder and Dividend Policy - The company plans to distribute cash dividends of RMB 4.50 per 10 shares, totaling RMB 34,645,312.35 based on the total share capital of 76,989,583 shares as of December 31, 2020[6]. - The company distributed cash dividends of 4.50 CNY per 10 shares in 2020, with a payout ratio of 32.20% of the net profit attributable to shareholders[178]. - The company aims to enhance shareholder value through consistent dividend payouts and strategic shareholding commitments[178]. - The company has committed to a lock-up period of 36 months for major shareholders post-IPO, during which they will not transfer or propose repurchase of shares[179]. - The company will publicly explain the specific reasons for any failure to fulfill commitments in designated publications and apologize to shareholders and the public[187]. Technology and Cloud Services - The company is implementing a "cloud transformation" strategy, providing integrated cloud services for human resources and data collection[33]. - The company has established a competitive advantage in innovation capability, product technology, customer base, market brand, and service system, serving over 30,000 enterprise and government clients across various industries[52]. - The collaborative management software industry is evolving towards a hybrid cloud deployment model, integrating both public and private cloud solutions[55]. - The company is focusing on providing low-code development platforms and data integration platforms to meet diverse and personalized application scenarios for clients[54]. - The company aims to enhance its cloud marketing service platform operations, improving pre-sales capabilities and accelerating sales processes[162]. Financial Health and Cash Flow - The company's cash and cash equivalents reached 1.57 billion RMB, a 104.75% increase from the previous year, mainly due to the recovery of financial investments[146]. - The company reported a net cash flow from investment activities of 712.61 million RMB, primarily from the redemption of bank wealth management products[145]. - The company's investment activities generated a net cash flow of CNY 712,606,558.65, a significant recovery from a negative cash flow in the previous year[125]. - The company achieved a project progress of over 50% for the new collaborative management software optimization upgrade, indicating significant advancement in development[80]. - The company will implement measures to stabilize its stock price, including share buybacks and increasing holdings by major shareholders and executives[184].

Financial Performance - Net profit attributable to shareholders increased by 70.65% to CNY 57,216,598.44 year-on-year[6] - Operating revenue rose by 2.37% to CNY 390,954,595.71 for the first nine months[6] - Basic and diluted earnings per share increased by 27.59% to CNY 0.74[6] - The net cash flow from operating activities improved to CNY -103,540,524.43 from CNY -129,615,212.36 in the previous year[6] - The company reported a total comprehensive income of ¥17.78 million for Q3 2020, compared to ¥13.30 million in Q3 2019, reflecting a 33.5% increase[30] - The company achieved a total profit of ¥63.81 million for the first three quarters of 2020, compared to ¥33.81 million in the same period of 2019, a growth of 88.6%[33] Assets and Liabilities - Total assets decreased by 6.04% to CNY 1,581,752,851.38 compared to the end of the previous year[6] - The total liabilities decreased to RMB 325.58 million from RMB 454.13 million at the end of 2019[22] - The total assets as of Q3 2020 amounted to ¥1,531,564,148.14, a decrease from ¥1,626,757,674.73 in Q3 2019[25] - Total liabilities for Q3 2020 were ¥289,774,015.80, down from ¥412,062,047.92 in Q3 2019, showing a reduction of 29.7%[25] - The company's equity attributable to shareholders was 1,221,773,279.58 RMB, indicating a stable equity position[42] Cash Flow - The net cash flow from operating activities was -105,588,463.91 RMB, an improvement from -121,445,329.64 RMB in the previous year, indicating a 13% reduction in cash outflow[38] - The total cash inflow from investment activities was 1,965,249,278.09 RMB, significantly higher than 122,121,297.95 RMB in the same period last year, representing a 1515% increase[38] - The cash and cash equivalents at the end of the period totaled 1,311,451,743.06 RMB, up from 403,127,754.61 RMB year-over-year, marking a 225% increase[38] Shareholder Information - The total number of shareholders reached 4,136 by the end of the reporting period[12] - The top shareholder, Xu Shi, holds 23.13% of the shares, totaling 17,810,000 shares[12] Research and Development - Research and development expenses accounted for 16.63% of operating revenue, an increase of 0.74 percentage points[7] - Research and development expenses for Q3 2020 were ¥24,023,043.81, slightly up from ¥23,813,460.38 in Q3 2019, reflecting a growth of 0.9%[27] Operational Efficiency - The weighted average return on equity decreased by 5.25 percentage points to 4.61%[6] - The company has not disclosed any significant new product developments or market expansion strategies during the reporting period[17] - The company plans to expand its market presence and invest in new product development to drive future growth[27] Employee Compensation - The company paid approximately ¥321.42 million to employees in the first nine months of 2020, an increase from ¥282.94 million in the same period of 2019[35] - The cash paid for employee compensation was 297,178,504.74 RMB, an increase from 268,453,078.43 RMB, representing an 11% rise[38] Taxation - The cash paid for taxes was 48,362,944.88 RMB, down from 70,421,993.40 RMB, showing a 31% decrease in tax payments[38] Financial Reporting Standards - The company implemented new revenue and leasing standards starting January 1, 2020, which may impact future financial reporting[43] - The company has adopted new revenue recognition standards effective January 1, 2020, which may impact future financial reporting[47]

Financial Performance - The company's operating revenue for the first half of 2020 was approximately ¥251.63 million, representing a 0.36% increase compared to ¥250.72 million in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2020 was approximately ¥39.42 million, an increase of 85.57% from ¥21.25 million in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥26.91 million, up 40.64% from ¥19.13 million in the same period last year[19]. - The net cash flow from operating activities for the first half of 2020 was approximately -¥104.61 million, an improvement from -¥120.42 million in the previous year[19]. - The total assets at the end of the reporting period were approximately ¥1.57 billion, a decrease of 6.61% from ¥1.68 billion at the end of the previous year[19]. - The net assets attributable to shareholders at the end of the reporting period were approximately ¥1.23 billion, reflecting a 0.71% increase from ¥1.22 billion at the end of the previous year[19]. - The company achieved total revenue of 251.63 million yuan in the first half of 2020, a year-on-year increase of 0.36%[21]. - Net profit attributable to shareholders was 39.42 million yuan, representing a significant year-on-year growth of 85.57%[21]. - Basic earnings per share increased to 0.51 yuan, up 37.84% from 0.37 yuan in the same period last year[20]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion in the first half of 2020, representing a year-over-year growth of 20%[119]. - The company reported a total of 76,989,583 shares outstanding, with 77.06% being restricted shares prior to the recent changes[132]. Research and Development - The company's R&D investment accounted for 16.29% of operating revenue, an increase of 1.59 percentage points compared to the previous year[20]. - The company achieved a total R&D investment of ¥40,993,418.11, which represents 16.29% of its operating revenue[71]. - The company reported a significant increase in R&D expenses, which rose by 11.20% to CNY 40.99 million[94]. - Research and development investments have increased by 40%, focusing on cutting-edge technologies to drive future growth[119]. - The company has 350 R&D personnel, accounting for 20.78% of the total workforce, with an average salary of 111,226.11 RMB[76]. Market Strategy and Product Development - The company focuses on enterprise-level management software, providing collaborative management software products and cloud services[27]. - The V5 platform supports customized applications and flexible deployment, enhancing organizational management efficiency[28]. - The A6 product targets small and medium enterprises, while the A8 product caters to medium and large enterprises, enhancing their operational agility[30]. - The company has developed core technologies in collaborative management software, leveraging cloud computing, mobile internet, big data, and artificial intelligence to enhance its competitive edge[49]. - The company is focused on expanding its market presence through innovative product offerings and strategic partnerships[52]. - The company launched new products including V5-8.0 and CAP4.5, enhancing capabilities in collaborative operations and improving application quality[84]. - The company is expanding its market presence in Asia, targeting a 30% increase in market share by the end of 2021[119]. - The company is exploring potential acquisition opportunities to further enhance its market position and product portfolio[125]. Financial Management and Cash Flow - Cash and cash equivalents at the end of the period amounted to ¥1,359,125,831.18, representing 86.45% of total assets, up from 64.96% in the previous year[96]. - The company's capital reserve increased by 559.61% to ¥968,177,384.40, primarily due to capital premiums from the company's IPO[97]. - The company reported a net cash flow from investment activities of CNY 726.49 million, a significant improvement compared to the previous period[94]. - The total cash inflow from investment activities reached 1,588,003,092.86 RMB, significantly higher than 131,583,353.68 RMB in the first half of 2019, reflecting a strong recovery in investment returns[164]. - The company paid 30,795,833.20 RMB in dividends and interest, an increase from 17,321,875.00 RMB in the previous year, indicating a commitment to shareholder returns[165]. Compliance and Governance - The company has committed to maintaining compliance with all regulatory requirements, ensuring no penalties or fines are incurred[123]. - The company will ensure compliance with legal requirements in its issuance and listing processes, and will compensate investors for losses incurred due to fraudulent issuance[115]. - The company emphasizes compliance with information disclosure regulations regarding shareholder reductions post-lock-up[110]. - The company will not allow the transfer of shares held by executives who fail to meet their commitment to increase holdings[114]. Customer Engagement and Satisfaction - The company established a customer success department to manage the entire customer lifecycle and improve customer satisfaction[86]. - Customer satisfaction ratings improved to 85%, indicating a strong response to recent product enhancements and service improvements[119]. Future Outlook - The company provided a positive outlook for the second half of 2020, projecting a revenue increase of 25% based on current market trends and user engagement[119]. - The company has set a performance guidance of 2 billion in revenue for the next fiscal year, reflecting confidence in ongoing projects and market conditions[120]. - New product launches are expected to contribute an additional 300 million in revenue, with a focus on innovative technology solutions[120].

Financial Performance - Operating revenue for the period was CNY 70,746,523.64, a decrease of 15.29% year-on-year[6] - Net profit attributable to shareholders was CNY -96,144.05, compared to CNY -8,240,267.64 in the same period last year[6] - The company's revenue for Q1 2020 was 70.75 million, a decrease of 15.29% compared to the same period last year, primarily due to delays in contract signing and project delivery caused by the COVID-19 pandemic[12] - The net profit attributable to shareholders was -0.0961 million, a reduction in loss by 8.1441 million compared to the same period last year, attributed to increased idle fund investment income and government subsidies[12] - The basic earnings per share were -0.0012 yuan, compared to -0.14 yuan in the same period last year, reflecting the loss incurred this quarter[12] - Total operating revenue for Q1 2020 was ¥70,746,523.64, a decrease of 15.3% compared to ¥83,513,854.22 in Q1 2019[24] - Net profit for Q1 2020 was -¥512,144.01, an improvement from -¥8,103,382.32 in Q1 2019[25] - The company reported a significant increase in cash flow due to government subsidies and investment income, which helped mitigate the impact of reduced revenue[12] - The total comprehensive income for Q1 2020 was ¥908,511.03, a recovery from a loss of ¥8,594,558.10 in Q1 2019[28] Assets and Liabilities - Total assets decreased by 7.02% to CNY 1,565,154,084.25 compared to the end of the previous year[6] - As of March 31, 2020, total assets amounted to 1,565.15 million, down from 1,683.37 million at the end of 2019[16] - Current assets totaled 1,522.69 million, a decrease from 1,639.73 million at the end of 2019[15] - The company's total liabilities were 336.42 million, down from 454.13 million at the end of 2019, indicating a reduction in financial obligations[17] - Total liabilities decreased to ¥300,179,423.37 from ¥412,062,047.92, a reduction of 27.0%[20] - The company's equity increased slightly to ¥1,215,604,137.84 from ¥1,214,695,626.81, indicating a marginal growth of 0.1%[20] - Total current liabilities included approximately $104.41 million in employee compensation payable[40] Cash Flow - The net cash flow from operating activities was CNY -116,242,591.14, an improvement from CNY -140,644,449.74 in the previous year[6] - The net cash flow from operating activities for Q1 2020 was -¥116,242,591.14, an improvement from -¥140,644,449.74 in Q1 2019[31] - Cash and cash equivalents stood at 781.99 million, an increase from 768.09 million at the end of 2019[15] - The company reported cash inflows from investment activities of ¥859,985,865.13 in Q1 2020, a substantial increase from ¥4,081,687.33 in Q1 2019[31] - The cash outflow for investment activities in Q1 2020 was ¥729,802,741.88, compared to ¥126,918,951.87 in Q1 2019[31] - The net increase in cash and cash equivalents for Q1 2020 was ¥19,862,046.85, compared to a decrease of ¥252,354,504.71 in the previous period[33] Shareholder Information - The total number of shareholders at the end of the reporting period was 6,746[10] - The largest shareholder, Xu Shi, holds 23.13% of the shares, totaling 17,810,000 shares[10] - The equity attributable to shareholders was 1,221.68 million, slightly down from 1,221.77 million at the end of 2019[17] Research and Development - R&D investment accounted for 25.37% of operating revenue, an increase of 4.83 percentage points from the previous year[6] - Research and development expenses for Q1 2020 were ¥17,945,038.43, compared to ¥17,157,057.75 in Q1 2019, showing an increase of 4.6%[24] - Research and development expenses increased to ¥19,373,942.51 in Q1 2020, up 15.6% from ¥16,798,606.82 in Q1 2019[27] Regulatory Changes - The company adopted new revenue and leasing standards starting January 1, 2020, which may impact future financial reporting[38] - The company adopted new revenue recognition standards effective January 1, 2020, impacting financial reporting[41] - The company has not made any adjustments to prior period data due to the new revenue standards[42] - The company has not applied any retrospective adjustments for the new revenue and lease standards[42]

Financial Performance - The company's operating revenue for 2019 was approximately ¥699.84 million, representing a year-over-year increase of 21.06% compared to ¥578.09 million in 2018[23]. - Net profit attributable to shareholders for 2019 was approximately ¥97.47 million, a 33.56% increase from ¥72.98 million in 2018[23]. - Basic earnings per share for 2019 increased by 26.98% to ¥1.60, up from ¥1.26 in 2018[25]. - The company's net assets attributable to shareholders grew by 296.29% to approximately ¥1.22 billion at the end of 2019, compared to ¥308.31 million at the end of 2018[25]. - The total assets of the company increased by 121.61% year-over-year, primarily due to the issuance of 19.25 million new shares[26]. - The net cash flow from operating activities for 2019 was approximately ¥96.54 million, a decrease of 22.22% from ¥124.12 million in 2018[23]. - The company's total revenue for the reporting period was ¥698,320,847.79, with a gross margin of 76.11%, reflecting a decrease of 1.83 percentage points compared to the previous year[160]. - Revenue from collaborative management software increased by ¥98,382,100, representing a growth rate of 18.75%, while its gross margin decreased by 2.28 percentage points[161]. - Technical service revenue rose by ¥22,939,000, with a growth rate of 43.85%, maintaining a stable gross margin[162]. Research and Development - The company achieved a total R&D investment of ¥89,370,959.32, representing 12.77% of its operating revenue[90]. - R&D expenses increased by ¥12,547,100, marking a growth rate of 16.33% compared to 2018[91]. - The total number of R&D personnel is 330, accounting for 20.06% of the company's total workforce[90]. - The company applied for 10 new invention patents during the reporting period, all of which were accepted, and received approval for 2 invention patents[87]. - The company has not capitalized any R&D investments during the reporting period, maintaining a 0% capitalization ratio[90]. Technology and Product Development - The company is actively developing new technologies and products, including the M+ enterprise-level mobile application cloud entry and CAP+ collaborative cloud application center[11]. - The company focuses on enterprise-level management software, providing collaborative management software products, solutions, and cloud services, establishing itself as a leading provider in China[37]. - The V5 platform supports customized applications and flexible deployment, with products A6 for SMEs, A8 for large enterprises, and G6 for government organizations, enhancing organizational efficiency[37]. - The company has developed a core technology platform for collaborative management software, integrating cloud computing, mobile internet, big data, and artificial intelligence[67]. - The collaborative technology platform (CTP) supports high levels of openness, extensibility, stability, security, and maintainability, enabling rapid deployment and integration[67]. - The company has achieved a significant milestone by completing the public cloud model with a total revenue of 700 million and a net profit of 269.7 million, reflecting a growth of 663.01 million in the previous year[102]. Market Position and Strategy - The company is positioned as a leading provider in the collaborative management software industry, with a strong competitive advantage in innovation, product technology, and customer base[61]. - The company has over 30,000 enterprise and organizational clients, covering most provinces and municipalities in China, with clients from various sectors including manufacturing, construction, energy, finance, telecommunications, and government[61]. - The company has established partnerships with industry leaders such as China Mobile, Huawei, Alibaba, and Tencent, which are crucial for business development[146]. - The company aims to expand its government collaboration and trust innovation business, targeting high growth in these sectors[188]. - The company is focused on reducing integration barriers and implementation costs through comprehensive application services, enhancing overall system performance[101]. Risk Management - The company has outlined potential risks in its annual report, which investors should pay attention to, particularly in the section discussing operational conditions and risk factors[4]. - The company faces risks related to core competitiveness, particularly in new product development and the potential loss of key technical and business personnel[142]. - The company has signed confidentiality agreements with core technical personnel to mitigate the risk of core technology leakage[144]. - The company is exposed to risks related to outsourcing services, which could impact contract fulfillment and market reputation[149]. Corporate Governance and Compliance - The company has not engaged in any non-operational fund occupation by controlling shareholders or related parties[8]. - The company has not violated decision-making procedures for external guarantees[8]. - The company has not disclosed any special arrangements for corporate governance[8]. - The company emphasizes compliance management to ensure sustainable and healthy development, focusing on accurate and timely information disclosure[193]. Dividend Policy - The company plans to distribute a cash dividend of RMB 4.00 per 10 shares, totaling RMB 30,795,833.20 based on a total share capital of 76,989,583 shares as of December 31, 2019[6]. - The company aims to distribute at least 30% of the average annual distributable profit over the last three years in cash dividends, with a minimum of 10% of the current year's distributable profit[196]. - The company has committed to maintaining a minimum cash dividend ratio of 80% during mature stages without major capital expenditures[196].