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].