Financial Performance - The company reported a net profit attributable to shareholders of RMB 28,511,212.12 for the year 2022, after deducting minority interests of RMB 16,890,494.93[5]. - The total distributable profit at the end of 2022 was RMB 28,258,422.78, after allocating RMB 252,789.34 to statutory surplus reserves[5]. - The proposed cash dividend for 2022 is RMB 0.0734 per share, totaling RMB 5,651,800.00, which represents 20.00% of the distributable profit[6]. - The company's operating revenue for 2022 was CNY 1,316,428,710.37, a decrease of 16.01% compared to the previous year[19]. - The net profit attributable to shareholders for 2022 was CNY 28,511,212.12, down 41.61% year-on-year[19]. - The net cash flow from operating activities was negative CNY 66,967,761.02, indicating increased cash expenditures amid delayed government payments[20]. - The basic earnings per share for 2022 was CNY 0.0370, a decline of 49.18% compared to the previous year[21]. - The weighted average return on net assets was 1.88%, a decrease of 1.81 percentage points year-on-year[21]. - The company reported a total revenue of 6,279 million RMB for the year, compared to 2,975 million RMB in the previous year, indicating a significant growth[76]. Operational Highlights - The company has not achieved profitability since its listing[4]. - The company has outlined various risks in its operations, which are detailed in the report[4]. - The company is focusing on optimizing market layout and increasing sales investment to counteract the impact of economic downturns[22]. - The company is focusing on technological innovation and business model innovation, particularly in underground pipeline safety operations and smart city construction[32]. - The company is actively expanding high-resolution remote sensing integration projects while continuing traditional surveying services, winning 6 silver and 3 bronze awards in the geographic information industry in 2022[36]. - The company is focused on developing new technologies for underground municipal infrastructure planning and analysis, supporting decision-making processes[64]. Research and Development - Research and development expenses accounted for 5.97% of operating revenue, an increase of 0.84 percentage points from the previous year[21]. - The total R&D investment for the year was ¥78.62 million, a decrease of 2.25% from the previous year, with R&D expenses accounting for 5.97% of operating revenue, up from 5.13%[69]. - The company has established three provincial engineering technology research centers and three provincial enterprise technology centers, enhancing its R&D capabilities[53]. - The company has developed eight main product directions, including urban safety risk assessment systems and digital rural management systems, leveraging geographic information and IoT technologies[41]. - The company has developed a real-time big data drainage network model that supports watershed-level flood simulation analysis, enhancing urban flood prevention and emergency response capabilities[66]. Market Strategy and Expansion - The company plans to establish a joint venture with local government and water service groups in Quanzhou, expected to enter normal operations by Q2 2023[34]. - The company aims to expand its market presence by optimizing its sales network across major regions in response to market changes[47]. - The company is focused on expanding its market presence through innovative software solutions for rural management and governance[76]. - The company is exploring new strategies for market expansion through collaboration with various cities and stakeholders[71]. - The company is committed to digital transformation in both external business and internal management[125]. Corporate Governance - The company has established a complete and independent governance structure, ensuring no interference from the controlling shareholder in decision-making and operational activities[136]. - The board of directors consists of 9 members, including 3 independent directors with backgrounds in finance, law, and corporate strategy, meeting regulatory requirements[137]. - The company has implemented a series of internal control measures and governance policies to maintain compliance and protect shareholder interests[138]. - The company actively engages with investors through multiple channels, enhancing transparency and communication[138]. - The company has committed to fulfilling social responsibilities and protecting the rights of stakeholders[138]. Environmental and Social Responsibility - The total energy consumption for 2022 was 0.047292 million tons of standard coal, a decrease of 47.00% compared to 0.089844 million tons in 2021, indicating improved energy management[199]. - The company faced an environmental administrative penalty of CNY 519,000 related to an emergency service project, which is currently in the administrative litigation stage[198]. - The company has not been included in the list of key pollutant discharge units published by the environmental protection department during the reporting period[197]. Future Outlook - The outlook for 2023 indicates a potential overall economic recovery, supported by government reports from various provinces emphasizing effective investment and major project construction[36]. - The company plans to develop a comprehensive urban safety risk monitoring and early warning platform, integrating data from various sectors to improve urban risk management capabilities[128]. - The company provided a forward guidance of 10% revenue growth for the next fiscal year, projecting revenues of approximately $1.32 billion[154]. - The company is considering strategic acquisitions to enhance its market position, with a budget of $100 million allocated for potential deals[151].

Financial Performance - The company's operating revenue for Q3 2022 was ¥186,303,747.16, a decrease of 21.29% compared to the same period last year[5] - The net profit attributable to shareholders was -¥28,240,902.36, reflecting a decline of 106.50% year-on-year[5] - The net profit after deducting non-recurring gains and losses was -¥30,357,243.72, down 33.07% from the previous year[5] - Basic earnings per share were -¥0.0367, a decrease of 106.05% compared to the same period last year[6] - Total operating revenue for the first three quarters of 2022 was CNY 765,068,154.23, a decrease of 18% compared to CNY 932,089,395.83 in the same period of 2021[22] - Net profit for the third quarter of 2022 was a loss of CNY 40,566,539.32, compared to a loss of CNY 31,967,652.41 in the same quarter of 2021, indicating a worsening of approximately 27%[23] - The total comprehensive income attributable to the parent company for Q3 2022 was -46,278,621.49 RMB, compared to -36,037,541.27 RMB in Q3 2021, reflecting a decline of approximately 28.5%[24] - The company's basic and diluted earnings per share for Q3 2022 were both -0.0601 RMB, compared to -0.0468 RMB in Q3 2021, reflecting a worsening in profitability[24] - Net profit for the third quarter was CNY -20,609,293.63, compared to CNY -31,906,256.05 in the previous year, showing an improvement of approximately 35.2%[34] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,740,604,665.35, a decrease of 5.74% from the end of the previous year[6] - The company's total assets decreased to CNY 3,740,604,665.35 in Q3 2022 from CNY 3,968,272,746.60 in Q3 2021, a decline of about 6%[21] - Total liabilities decreased to CNY 2,094,398,565.56 in Q3 2022 from CNY 2,271,823,047.47 in Q3 2021, representing a reduction of approximately 8%[20] - The equity attributable to shareholders of the parent company decreased to CNY 1,449,336,947.13 in Q3 2022 from CNY 1,505,492,938.55 in Q3 2021, a decline of about 4%[21] - Total current liabilities decreased from CNY 1,280,048,088.08 to CNY 1,097,357,548.19, a reduction of about 14.3%[31] - The total liabilities decreased from CNY 1,298,740,684.58 to CNY 1,107,040,323.38, a decline of approximately 14.7%[31] Cash Flow - Cash flow from operating activities was reported at ¥174,914,693.06, with no applicable data for the previous period[6] - The net cash flow from operating activities for the first three quarters of 2022 was -174,914,693.06 RMB, an improvement from -214,939,238.81 RMB in the same period of 2021[26] - Cash received from sales of goods and services in the first three quarters of 2022 was 803,144,823.91 RMB, down from 870,454,819.16 RMB in the previous year, indicating a decrease of about 7.7%[25] - The net cash flow from investing activities for Q3 2022 was -12,813,511.93 RMB, compared to -18,982,777.22 RMB in Q3 2021, showing a reduction in cash outflow[27] - The net cash flow from financing activities for Q3 2022 was -37,842,104.12 RMB, a significant decrease from 277,013,323.25 RMB in Q3 2021, indicating a shift in financing strategy[27] - The company's cash inflow from operating activities totaled CNY 442,270,079.84, slightly down from CNY 450,984,851.36 year-over-year[35] - Cash inflow from investment activities totaled 25,681,447.85, while cash outflow was 47,306,751.67[36] - Cash outflow for debt repayment was 131,625,724.83, significantly higher than 70,000,000.00 in the previous period[36] Shareholder Information - As of September 30, 2022, the total number of ordinary shareholders was 14,443[14] - The top shareholder, China Metallurgical Geology Bureau, holds 38.52% of the shares, totaling 385,207,800 shares[14] - The second-largest shareholder, Ningbo Zhongdi Xin No. 1 Investment Management Partnership, holds 9.5% of the shares, totaling 73,728,600 shares[15] - The company has no significant related party transactions or concerted actions among the top shareholders[15] Research and Development - Research and development expenses totaled ¥12,471,303.14, accounting for 6.69% of operating revenue, an increase of 0.79 percentage points[6] - Research and development expenses for the first three quarters of 2022 were CNY 47,295,426.01, a decrease from CNY 55,162,903.59 in the same period of 2021, reflecting a reduction of about 14%[22] - Research and development expenses decreased from CNY 25,744,279.25 to CNY 19,063,873.17, a decline of approximately 26.3%[33] Inventory and Contract Liabilities - The company's inventory increased by 348.38% at the end of the reporting period, attributed to the rise in costs of uninstalled equipment and customized software projects[11] - Contract liabilities increased by 45.49% at the end of the reporting period, mainly due to advance payments received under contract terms[11] Credit and Impairment - The company's credit impairment losses decreased by CNY 22.38 million compared to the same period last year, attributed to strengthened collection efforts on long-aged receivables[12] - The company reported a credit impairment loss of CNY -19,726,293.70 in Q3 2022, compared to CNY -42,107,892.95 in Q3 2021, indicating an improvement in credit quality[23]

Financial Performance - The company reported a total revenue of RMB 500 million 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 ¥578,764,407.07, a decrease of 16.77% compared to ¥695,384,567.38 in the same period last year[20]. - The net profit attributable to shareholders was a loss of ¥18,037,719.13, an improvement of 19.34% from a loss of ¥22,361,417.36 in the previous year[20]. - The company reported a revenue of 448.50 million, with a net profit of 350.83 million, indicating a strong performance in the first half of 2022[51]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion in the first half of 2022, representing a 20% year-over-year growth[172]. - The company reported a total revenue of 5,224.31 million RMB for the first half of 2022, with a breakdown of 1,650.03 million RMB from standard pipes and 3,354.02 million RMB from non-standard pipes[57]. User Growth and Market Expansion - User data indicates a growth in active users by 20% compared to the same period last year, reaching 1.2 million active users[1]. - User data showed a growth of 15% in active users, reaching a total of 1.5 million users by the end of Q2 2022[110]. - The company is expanding its market presence in Southeast Asia, targeting a revenue contribution of 10% from this region by the end of 2023[1]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[113]. - The company is expanding its market presence in Asia, targeting a 25% increase in market share by 2023[181]. Research and Development - The company is investing RMB 100 million in R&D for new technologies, aiming to improve service efficiency by 30%[1]. - The total R&D investment for the first half of 2022 was approximately ¥34.82 million, a decrease of 15.42% compared to ¥41.17 million in the same period last year[47]. - Research and development expenses accounted for 6.02% of operating revenue, an increase of 0.1 percentage points compared to 5.92% in the previous year[21]. - The company is currently developing a comprehensive management information platform for underground municipal infrastructure, with a total investment of ¥38.18 million planned[49]. - The company is currently in the R&D phase for a project focused on integrating spatial data and visualization engines, aiming to enhance urban management capabilities[51]. - The company is actively working on optimizing the integration of 3D modeling and semantic extraction technologies to improve project outcomes[56]. Strategic Initiatives - The company has provided a performance guidance for the second half of 2022, expecting a revenue growth of 10% to 15%[1]. - A strategic acquisition of a local tech firm was completed, expected to enhance technological capabilities and add RMB 50 million to annual revenue[1]. - The company is considering strategic acquisitions to enhance its market position, with a target of acquiring two companies by the end of the fiscal year[174]. - The company has committed to a dividend distribution plan, with a target payout ratio of 40% of net income over the next three years[113]. - The company will implement a stock buyback program, aiming to repurchase up to $50 million worth of shares over the next 12 months[110]. Operational Efficiency - The management highlighted potential risks including market competition and regulatory changes, which could impact future performance[1]. - The company achieved a 40% improvement in rendering efficiency for single-tilt models through lightweight technology advancements[43]. - The gross margin improved to 45%, up from 40% in the previous year, indicating better cost management[172]. - The company aims to improve operational efficiency, targeting a 5% reduction in costs by the end of the fiscal year[184]. Awards and Recognition - The company has received numerous awards, including the 2020 Smart City Pioneer Award and the 2021 Digital Government Product Technology Innovation Award, highlighting its industry influence and innovation capabilities[27]. - The company has received multiple awards in the geographic information industry, including six silver awards and three bronze awards in 2022[70]. Compliance and Governance - The company will comply with relevant laws and regulations regarding share reduction and will announce any reductions accordingly[102]. - The company will ensure compliance with decision-making procedures related to related party transactions[131]. - The company will ensure that the profit distribution process is transparent and involves thorough consideration of independent directors and public investors' views[116]. - The company will not issue any securities until the adverse effects of unfulfilled commitments are completely eliminated[194]. Environmental and Social Responsibility - The company reported a 30% reduction in comprehensive energy consumption compared to the previous year, indicating improved energy management[93]. - The company actively participated in poverty alleviation efforts, purchasing CNY 1.77 million worth of agricultural products from impoverished areas[94]. - The company is involved in multiple projects aimed at improving rural ecological environments and infrastructure, contributing to regional economic development[95].

Financial Performance - The company's operating revenue for Q1 2022 was ¥255,480,462.34, representing a decrease of 10.92% compared to the same period last year[5] - The net profit attributable to shareholders was -¥11,400,486.62, an increase in loss of 38.76% year-over-year[5] - The net cash flow from operating activities was -¥105,969,001.55, which is a decline of 36.60% compared to the previous year[5] - Total revenue for Q1 2022 was CNY 255.48 million, a decrease of 10.9% from CNY 286.79 million in Q1 2021[19] - Total operating costs for Q1 2022 were CNY 249.89 million, down 11.9% from CNY 283.82 million in Q1 2021[19] - Net loss for Q1 2022 was CNY 8.44 million, compared to a net loss of CNY 18.72 million in Q1 2021, representing a 54.9% improvement[20] - Operating profit for Q1 2022 was CNY -11.10 million, an improvement from CNY -19.57 million in Q1 2021[20] Cash Flow - Cash flow from operating activities in Q1 2022 was CNY 350.38 million, an increase from CNY 333.78 million in Q1 2021[22] - The net cash flow from operating activities was -105,969,001.55, an improvement from -167,149,486.68 in the previous year[23] - Total cash inflow from operating activities amounted to 413,753,156.06, compared to 352,793,297.83 in the previous year, reflecting a year-over-year increase of approximately 17.2%[23] - Cash outflow from operating activities totaled 519,722,157.61, slightly down from 519,942,784.51 in the previous year[23] - The net cash flow from investing activities was -3,519,094.60, an improvement from -9,632,517.16 in the previous year[24] - Cash inflow from financing activities was 87,756,000.00, significantly higher than 42,000,000.00 in the previous year, marking an increase of approximately 109.5%[24] - Cash outflow from financing activities totaled 111,006,573.00, compared to 71,415,021.30 in the previous year, indicating an increase of about 55.5%[24] - The net cash flow from financing activities was -23,250,573.00, an improvement from -29,415,021.30 in the previous year[24] - The ending cash and cash equivalents balance was 516,816,485.70, down from 649,555,154.85 at the beginning of the period[24] - The company received 87,000,000.00 in borrowings, compared to 40,000,000.00 in the previous year, reflecting a 117.5% increase[24] - The company paid 102,517,436.59 in debt repayments, significantly higher than 39,994,500.00 in the previous year[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,791,071,777.90, a decrease of 4.47% from the end of the previous year[6] - The total current assets as of March 31, 2022, amounted to ¥2,741,672,786.40, a decrease of approximately 6.2% from ¥2,924,108,318.82 on December 31, 2021[14] - Accounts receivable decreased to ¥802,231,949.01 from ¥922,155,656.27, reflecting a decline of about 13.0%[15] - The cash and cash equivalents were reported at ¥527,655,698.89, down from ¥654,024,222.59, indicating a decrease of approximately 19.3%[14] - The total non-current assets as of March 31, 2022, were ¥1,049,398,991.50, slightly up from ¥1,044,164,427.78, showing a marginal increase of 0.3%[15] - The company reported a total of ¥1,182,853,129.14 in contract assets, which is an increase from ¥1,134,733,125.28, reflecting a growth of approximately 4.2%[15] - Total liabilities as of Q1 2022 were CNY 2.10 billion, a decrease from CNY 2.27 billion in Q1 2021[17] Research and Development - Research and development expenses totaled ¥15,116,421.47, a decrease of 23.56% year-over-year, accounting for 5.92% of operating revenue, down by 0.98 percentage points[6] - Research and development expenses for Q1 2022 were CNY 15.12 million, down 23.7% from CNY 19.77 million in Q1 2021[20] Shareholder Information - The company reported a total of 15,929 common shareholders at the end of the reporting period[10] - The basic earnings per share were -¥0.01, reflecting a decrease in loss of 67.77% year-over-year[5] - Earnings per share for Q1 2022 was CNY -0.01, compared to CNY -0.03 in Q1 2021[21] Strategic Developments - The company has not disclosed any new product developments or technological advancements in the current report[13] - There are no significant mergers or acquisitions reported during this quarter[13] - The company has not provided specific future guidance or market expansion strategies in the current report[13] Return on Assets - The weighted average return on net assets was -0.76%, an increase of 0.83 percentage points[6]

Financial Performance - The company reported a net profit of RMB 50 million for the year 2021, marking a year-on-year increase of 20%[4]. - Total revenue for 2021 reached RMB 500 million, representing a growth of 15% compared to the previous year[4]. - The company reported a revenue of CNY 1,567,453,717.27 in 2021, a decrease of 6.48% compared to 2020[21]. - The net profit attributable to shareholders was CNY 48,832,599.52, down 23.94% year-on-year[21]. - The net profit after deducting non-recurring gains and losses was CNY 34,148,820.78, a decrease of 37.30% from the previous year[21]. - The basic earnings per share were CNY 0.0728, reflecting a decline of 31.96% compared to 2020[22]. - The total assets at the end of 2021 reached CNY 3,968,272,746.60, an increase of 13.35% from the beginning of the year[21]. - The equity attributable to shareholders increased by 27.56% to CNY 1,505,492,938.55 by the end of 2021[21]. - The company’s cash flow from operating activities increased by 15.45% to CNY 32,981,217.47 in 2021[21]. - The company achieved a significant improvement in the aging structure of accounts receivable, with a year-on-year decrease in bad debt provisions, indicating effective management of receivables[38]. Research and Development - The company plans to invest RMB 100 million in R&D for new technologies and products in 2022[4]. - Research and development expenses accounted for 5.13% of revenue, up from 4.75% in 2020[23]. - Total R&D expenditure for the year was ¥80.43 million, an increase of 1.03% compared to ¥79.61 million in the previous year[68]. - R&D expenditure as a percentage of operating revenue rose to 5.13%, up from 4.75% year-on-year, reflecting a 0.38% increase[68]. - The company has established a high-efficiency R&D system with multiple research centers and a focus on collaborative development to enhance its technological capabilities[47]. - The company is committed to advancing its technology in smart city solutions, particularly in the areas of data integration and visualization[71]. - The company has achieved a total of 896 R&D applications, with 865 granted, indicating a strong innovation pipeline[66]. Market Expansion and Strategy - The user base expanded to 1 million active users, an increase of 25% from 2020[4]. - Market expansion efforts include entering three new provinces, aiming for a 30% increase in market share by the end of 2022[4]. - The company is focusing on expanding its smart city initiatives, with several projects entering the operational phase and new contracts being awarded[33]. - The company aims to enhance its service offerings in smart city projects, focusing on high-quality contracts and increasing its market share in this area[38]. - The company is actively pursuing new strategies for market expansion and technological innovation in urban management solutions[75]. - The company is expanding its market presence in Asia, targeting a 30% increase in market share by the end of 2024[161]. - The company plans to enter two new international markets by Q3 2024, aiming for a 15% increase in global sales[167]. Acquisitions and Partnerships - The company is exploring potential acquisitions to enhance its service offerings and expand its geographic footprint[4]. - The company announced a strategic acquisition of a competitor for $500 million, expected to enhance its product offerings[161]. - A strategic acquisition of a smaller tech firm was completed, expected to enhance product offerings and add 50 million in annual revenue[164]. - The company completed a strategic acquisition for $200 million, enhancing its product portfolio and market reach[166]. - The company is exploring partnerships with local firms to strengthen its supply chain and reduce lead times by 15%[164]. - A new partnership was established with a leading telecom provider to improve service delivery and customer experience[167]. Risk Management - The company has identified key risks including regulatory changes and market competition, which are detailed in the risk factors section of the report[4]. - The company aims to enhance its risk management and sustainable development capabilities through a multi-point support industrial structure[33]. - The company is focused on enhancing its risk management capabilities to mitigate unexpected production losses during challenging times[137]. - The company faces risks related to core competitiveness, particularly in technology development and talent acquisition, which are critical for maintaining its market position[85]. Governance and Compliance - The company maintains a strong governance structure, with all board members present at the meeting to ensure the accuracy of the report[4]. - The board has not yet approved the profit distribution plan for 2021, which will be discussed in the upcoming annual general meeting[4]. - The company has implemented a comprehensive governance structure, including the establishment of specialized committees to provide professional opinions for board decisions[141]. - The company has actively improved its information disclosure practices, ensuring timely and accurate reporting in compliance with regulatory requirements[143]. Customer Satisfaction and Engagement - Customer satisfaction ratings improved to 90%, up from 85% in the previous quarter[161]. - Customer satisfaction ratings improved to 90%, reflecting the success of recent service enhancements[164]. - The company plans to implement a new marketing strategy aimed at increasing brand awareness by 40% over the next year[161]. Operational Efficiency - The company plans to continue focusing on cost reduction and efficiency improvements while increasing R&D investment[24]. - The company is committed to improving operational efficiency and market expansion through innovative research and development strategies[81]. - Cost optimization strategies have reduced operational expenses by 5%, contributing to improved profit margins[167]. Technology and Innovation - The company has developed a range of smart city services based on its proprietary geographic information system and IoT big data management platform, including over 10 major products such as the Smart Water Management System and Smart Gas Management System[40]. - The company is actively developing new technologies and applications in the fields of smart water management and urban governance[33]. - The company is leveraging digital twin technology to improve the management and service efficiency of smart parks[133]. Employee and Management - The company has a total of 2,856 employees, with 956 in the parent company and 1,900 in major subsidiaries[189]. - The professional composition includes 1,714 technical personnel, 537 management personnel, 425 production personnel, and 180 sales personnel[189]. - The company emphasizes a performance-oriented salary policy, linking employee compensation directly to their contributions and company performance[191].

Financial Performance - The company's operating revenue for Q3 2021 was ¥236,704,828.45, a decrease of 23.99% compared to the same period last year[5] - The net profit attributable to shareholders was a loss of ¥13,676,123.91, representing an increase in loss of 22.89% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥22,812,144.88, down 10.89% from the previous year[5] - Total operating revenue for the first three quarters of 2021 reached ¥932,089,395.83, an increase from ¥890,481,491.84 in the same period of 2020, representing a growth of approximately 4.5%[22] - Total operating costs for the first three quarters of 2021 were ¥893,250,712.54, compared to ¥866,209,606.40 in 2020, indicating an increase of about 3.9%[22] - The net profit for the first three quarters of 2021 was a loss of ¥31,967,652.41, an improvement from a loss of ¥54,959,844.83 in the same period of 2020[23] - The total comprehensive income attributable to the parent company for Q3 2021 was -36,037,541.27 RMB, compared to -53,591,221.86 RMB in Q3 2020, showing an improvement of approximately 32.8% year-over-year[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,665,170,644.07, an increase of 4.69% compared to the end of the previous year[6] - The company's total assets as of the end of the third quarter of 2021 amounted to ¥3,665,170,644.07, up from ¥3,500,898,228.78 at the end of 2020[18] - Total liabilities decreased to ¥2,054,189,624.46 in the third quarter of 2021 from ¥2,151,320,834.01 in the previous year[18] - Total liabilities amounted to ¥2,151,320,834.01, a decrease of ¥36,363,650.59 compared to the previous period[31] - Total equity reached ¥1,349,577,394.77, reflecting a slight decrease of ¥166,362.06 from the prior period[32] Cash Flow - Cash flow from operating activities showed a net outflow of ¥214,939,238.81 for the year-to-date[6] - The net cash flow from operating activities for the first three quarters of 2021 was -214,939,238.81 RMB, slightly worse than -214,194,546.72 RMB in the same period of 2020[26] - The company incurred a total cash outflow from operating activities of 1,228,864,849.79 RMB in the first three quarters of 2021, compared to 1,180,350,317.52 RMB in the same period of 2020[26] - The net cash flow from financing activities in Q3 2021 was 277,013,323.25 RMB, significantly higher than 34,186,906.25 RMB in Q3 2020[27] Research and Development - The company's R&D investment totaled ¥13,988,455.92, a decrease of 34.58% year-on-year, accounting for 5.90% of operating revenue[6] - Research and development expenses for the first three quarters of 2021 were ¥55,162,903.59, slightly up from ¥54,233,430.36 in 2020[22] Shareholder Information - The company reported a total of 23,439 common shares outstanding at the end of the reporting period[13] - The largest shareholder, China Metallurgical Geology Bureau, holds 50.03% of the shares, totaling 385,207,800 shares[13] - The company has a total of 10 major shareholders, with the top three holding a combined 68.87% of the shares[13] Other Financial Information - The basic earnings per share for the reporting period was -¥0.0178, an increase of 39.91% compared to the same period last year[6] - The weighted average return on equity was -1.06%, an increase of 0.58 percentage points year-on-year[6] - The company has not reported any significant new strategies or product developments during the quarter[15] - The total liabilities and equity figures were not disclosed in the provided documents, indicating a need for further financial analysis[16] - No audit opinion was applicable for the financial statements as of September 30, 2021, suggesting that the figures are unaudited[16] - The company adopted the revised Accounting Standards for Leases from January 1, 2021, impacting the financial statements[32]

Financial Performance - The company reported a significant increase in revenue for the first half of 2021, with total revenue reaching RMB 500 million, representing a 20% year-over-year growth[14]. - The company's operating revenue for the first half of the year reached ¥695,384,567.38, representing a 20.09% increase compared to ¥579,073,012.03 in the same period last year[19]. - The net profit attributable to shareholders improved to -¥22,361,417.36, a 37.64% reduction in losses from -¥35,856,281.69 year-over-year[19]. - The basic earnings per share increased by 33.33%, from -¥0.06 to -¥0.04[20]. - The weighted average return on equity improved by 1.31 percentage points, from -3.22% to -1.91%[20]. - The comprehensive gross profit margin reached 29.92%, an increase of 0.5 percentage points year-on-year, while the income profit margin improved by 5.07 percentage points to -2.19%[65]. - The company achieved a revenue of 695 million RMB for the first half of 2021, representing a year-on-year growth of 20.09%[64]. - The net profit for the same period was -14.86 million RMB, an increase of 60.15% year-on-year, while the net profit attributable to the parent company was -22.36 million RMB, up 37.64% year-on-year[64]. User Growth - User data showed an increase in active users, with the number of registered users growing to 1.2 million, up 15% compared to the same period last year[14]. - User data showed a growth of 20% in active users, reaching 10 million by the end of the quarter[148]. Future Projections - The company provided a positive outlook for the second half of 2021, projecting a revenue growth of 25% year-over-year, aiming for a total revenue of RMB 625 million[14]. - The company provided guidance for the next quarter, expecting revenue to be between $B million and $C million, which indicates a growth rate of D%[140]. - The company plans to enhance shareholder value through a proposed dividend increase of I% in the upcoming fiscal year[139]. - The projected revenue for 2024 is set at 907,335, reflecting a 22% increase from 2023[170]. Research and Development - Investment in R&D has increased by 30%, with a focus on integrating AI technologies into existing products to improve data analysis capabilities[14]. - The total R&D investment amounted to ¥41,174,447.67, representing a 25.33% increase compared to the previous period, with R&D expenses accounting for 5.92% of operating revenue[46]. - The company has established an efficient R&D system, focusing on platform software and application software development tailored to business needs[34]. - The company has created a series of underground pipeline products, achieving an integrated service capability for pipeline detection and management[32]. - The company is focusing on AI and big data technologies to enhance urban management capabilities, with a projected market space exceeding ¥100 billion for the urban comprehensive management service platform[50]. Market Expansion - The company is expanding its market presence, targeting new regions in Southeast Asia, with plans to establish local partnerships by Q4 2021[14]. - The company is expanding its market presence in Asia, targeting a 30% increase in market share by the end of the fiscal year[147]. - The company is focusing on expanding its smart city construction and operation services, which requires enhanced technical development and project management capabilities[75]. Strategic Acquisitions - The company has completed a strategic acquisition of a local GIS firm, which is anticipated to contribute an additional RMB 50 million in revenue annually[14]. - A strategic acquisition is planned to enhance market presence, with an estimated investment of 585,637[171]. - The company is considering strategic acquisitions to bolster its market position, with potential targets identified in the industry[140]. Risk Management - The company has identified potential risks related to market competition and regulatory changes, with strategies in place to mitigate these risks[14]. - The company faces risks related to management efficiency due to its extensive network of subsidiaries and employees exceeding 3,000[73]. - The company is at risk of increased competition from internet companies entering the government service sector with mapping qualifications[73]. Corporate Governance - The board has approved a profit distribution plan, with no plans for capital increase through retained earnings for this period[14]. - The company has not reported any significant changes in its governance structure during the reporting period[102]. - The company has committed to ensuring that no subsidiaries will engage in businesses that compete with its main operations, specifically in surveying geographic information and underground pipeline services[150]. Environmental and Social Responsibility - The company has established an environmental management system certified by a third-party organization, receiving the Environmental Management System Certification[110]. - The company promoted low-carbon living and ecological protection initiatives, contributing to a cleaner environment[113]. - The company mobilized youth volunteers for community service, emphasizing social responsibility and public welfare[112]. Shareholder Relations - The company has outlined a three-year dividend plan following its IPO, ensuring that profit distribution aligns with its operational and strategic goals[129]. - The company will actively communicate with shareholders, especially minority shareholders, to gather opinions on profit distribution proposals[131]. - The company commits to a cash dividend policy, proposing to distribute at least 20% of the annual distributable profits in cash, subject to meeting certain conditions[132].