Financial Performance - The company's operating revenue for the first half of 2021 was approximately RMB 138.98 million, representing a year-on-year increase of 15.95% compared to RMB 119.87 million in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2021 was approximately RMB 8.64 million, a decrease from a net loss of RMB 19.03 million in the same period last year[21]. - The basic earnings per share for the first half of 2021 was RMB 0.0216, compared to a loss of RMB 0.0528 per share in the same period last year[20]. - The weighted average return on net assets increased to 0.71% from -2.29% in the same period last year, an improvement of 3 percentage points[20]. - The net cash flow from operating activities for the first half of 2021 was approximately -RMB 74.09 million, compared to -RMB 53.41 million in the same period last year[21]. - The total assets at the end of the reporting period were approximately RMB 1.64 billion, a slight decrease of 0.57% from RMB 1.65 billion at the end of the previous year[21]. - The net assets attributable to shareholders at the end of the reporting period were approximately RMB 1.21 billion, reflecting a year-on-year increase of 0.72%[21]. - The company reported a government subsidy of approximately RMB 11.95 million recognized in the current period[21]. Research and Development - Research and development expenses accounted for 41.44% of operating revenue, a decrease of 4.78 percentage points from 46.22% in the same period last year[20]. - Total R&D investment amounted to ¥57,589,071.22, a 3.95% increase compared to ¥55,399,201.72 in the previous period[43]. - The proportion of R&D investment to operating income decreased from 46.22% to 41.44%[43]. - The company capitalized 16.29% of its R&D investment during the reporting period, compared to 0% in the previous period[43]. - The company has developed new products such as the Smart Human Resources Comprehensive Service Platform and online arbitration for labor relations, which have been applied in multiple cities[26]. - The company completed the development and deployment of the intelligent medical health platform, enhancing clinical and research services through big data mining and natural language processing technologies[47]. - The company has established a data resource center to support hospital medical information construction, focusing on the value of medical data resources[47]. - The company has filed for and obtained 11 major intellectual property rights related to its smart social security and healthcare service platforms, enhancing its competitive edge in the market[38]. Market Expansion and Partnerships - The company has not disclosed any plans for new products or technologies, market expansion, or mergers and acquisitions in this report[6]. - The company is actively expanding its market presence in provinces such as Zhejiang and Shenzhen for medical insurance services, achieving cloud disaster recovery for the first time in Shaoxing[28]. - The company is exploring partnerships with major internet companies like Alibaba, Tencent, and JD.com for pharmaceutical service operations[29]. - The company signed nearly 50 contracts for hospital information projects, covering approximately 300 secondary hospitals and over 80,000 medical institutions[29]. - The company has successfully implemented the "Human Resources Chain" in Jinan and Weihai, covering over 12 million service objects and facilitating over 8 million transactions[25]. Technology and Innovation - The company has developed a complete blockchain product system, including the "Daiwei Chain" and "Digital Insurance Box," to enhance data security and sharing[35]. - The company has constructed a regional integrated blockchain platform across 9 cities in the Shandong Province, enhancing its blockchain infrastructure[27]. - The company’s core technology demonstrates comprehensive advantages in high performance, fault tolerance, and availability[37]. - The company has developed a core technology that supports the integration and sharing of heterogeneous information systems at low cost and high efficiency, eliminating the need for manual data entry and system modifications[38]. - The company has implemented a machine learning algorithm for healthcare fraud detection, which utilizes outlier analysis to assess the likelihood of fraudulent behavior among patients[38]. - The company’s blockchain platform supports high-performance, scalable, and customizable architecture, enabling efficient retrieval of blockchain data and high transaction throughput[39]. - The company’s intelligent software development platform significantly improves software development quality and delivery efficiency through automation[36]. Financial Management and Investments - The company plans to establish a partnership fund with an investment of CNY 10 million to promote technology transfer and investment in related projects[76]. - The company plans to invest CNY 10 million in establishing a technology achievement transformation equity investment fund[85]. - The total amount of raised funds for the year is approximately RMB 280.01 million, with RMB 25.14 million invested this year[129]. - The cumulative amount of raised funds invested to date is approximately RMB 115.40 million[129]. - The company has committed to invest in various projects, with a total investment commitment of RMB 378.82 million[130]. - The company will ensure that the raised funds are used specifically for designated projects, with strict adherence to management protocols[109]. Shareholder and Governance - The company plans to stabilize its stock price through share buybacks, increasing holdings by major shareholders, and management purchasing shares[105]. - The lock-up period for major shareholders will last for 12 months post-IPO, with specific conditions for share transfers thereafter[105]. - Major shareholders are restricted from transferring more than 25% of their pre-IPO shares annually for four years after the lock-up period[105]. - The company will ensure compliance with regulations regarding share transfers by core technical personnel[105]. - The company will provide timely and effective supplementary commitments to protect investor rights[112]. - The company guarantees that its IPO application documents do not contain false records or misleading statements, taking legal responsibility for the accuracy and completeness of the information[115]. Legal and Compliance - There were no significant lawsuits or arbitration matters during the reporting period, indicating a stable legal environment for the company[120]. - The company and its controlling shareholders did not have any bad credit status, such as failing to fulfill court judgments or having large debts due that were unpaid[120]. - The company strictly adheres to environmental protection laws and has not faced any administrative penalties during the reporting period[97]. - The company has not reported any significant changes in accounting policies or prior period errors during this reporting period[174]. Operational Efficiency - The company is committed to enhancing profit margins through stringent cost control measures[111]. - Management compensation will be linked to the company's operational performance to ensure accountability[111]. - The company will strengthen internal controls and enhance fund management to prevent misappropriation and improve fund utilization efficiency[109]. - The company will implement a three-party supervision agreement with banks and sponsors to ensure the proper use of raised funds[109].

Financial Performance - The company reported a significant increase in revenue for the first half of 2023, with total revenue reaching RMB 500 million, representing a year-on-year growth of 25%[16]. - The company's operating revenue for the first half of 2023 reached ¥201.81 million, a significant increase of 110.69% compared to ¥95.78 million in the same period last year[22]. - Net profit attributable to shareholders was ¥20.20 million, marking a 257.10% increase from a loss of ¥12.86 million in the previous year[24]. - The company's total assets decreased by 5.32% to ¥1.60 billion from ¥1.69 billion at the end of the previous year[22]. - The company's net cash flow from operating activities was negative at -¥94.47 million, slightly worse than -¥93.83 million in the previous year[22]. User Growth and Market Expansion - User data indicates that the active user base has expanded to 1.2 million, an increase of 15% compared to the previous year[16]. - The company is focusing on market expansion, targeting new regions in Southeast Asia, with plans to establish local partnerships by Q4 2023[16]. - The company has a strong market presence in the smart social security sector, covering over 20 provinces in China[30]. - The company is exploring innovations in technology, products, and business models in the context of digital government and data delivery services[30]. Research and Development - Research and development investments have increased by 30%, totaling RMB 80 million, to support innovation in blockchain and AI technologies[16]. - The company actively participated in the digital reform planning of the Ministry of Human Resources and Social Security, enhancing the digitalization of existing products[31]. - The company is focusing on the development of new products such as intelligent service halls and user profiling using technologies like AI and virtual reality[31]. - The company has implemented a three-tiered R&D system focused on advanced technology, software development, and operational services, enhancing its innovation capabilities[45]. Product Development and Technology - New product launches include the EasyAI platform, which aims to enhance AI development capabilities and is expected to contribute an additional RMB 50 million in revenue by year-end[16]. - The EasyAI artificial intelligence development platform supports the entire lifecycle of AI model development, significantly reducing development time and human resource input by 30%[62]. - The company has developed a digital, fully connected smart human resources space product, which provides 24/7 intelligent services, and has been deployed in Zibo, Shandong[33]. - The company has developed an integrated platform for corporate supplementary medical insurance, which is now operational in major enterprises like Pingmei Group and Yanzhou Coal Mining[36]. Financial Strategy and Investments - The company has maintained a strong cash position, with cash reserves amounting to RMB 200 million, ensuring liquidity for ongoing projects[16]. - The company is currently developing a new generation of comprehensive medical insurance information service platform with a total investment of ¥79,000,000, of which ¥50,510,159.93 has been invested so far[70]. - The company aims to enhance operational efficiency, targeting a 5% reduction in costs through process optimization initiatives[132]. - The company plans to establish a special account for raised funds and sign a tripartite supervision agreement to ensure the funds are used specifically for designated projects[133]. Risks and Challenges - The management has identified potential risks, including regulatory changes and market competition, which could impact future performance[16]. - The company faces risks related to the national market strategy not meeting expectations, particularly in expanding outside of Shandong province[96]. - Rising labor costs pose a risk to the company's profitability, as the software development sector is heavily reliant on human resources[99]. - The company has no plans for major acquisitions in the near term but is exploring strategic partnerships to enhance its service offerings[16]. Corporate Governance and Compliance - No significant changes in corporate governance or financial practices were reported during this period[16]. - The company has committed to timely disclosures regarding any changes in shareholding or stock price stabilization measures[129]. - The company has established a profit distribution policy aimed at ensuring reasonable returns to shareholders while maintaining sustainable development[141]. - The company has not faced any major litigation or arbitration matters during the reporting period[143].

Financial Performance - The company's operating revenue for the first half of 2022 decreased by 43.19 million RMB, a decline of 31.08% year-on-year, primarily due to the severe impact of COVID-19 on project execution and delivery progress [21]. - The net profit attributable to shareholders of the listed company decreased by 21.50 million RMB, a decline of 248.78% year-on-year, mainly due to the significant drop in operating revenue caused by the pandemic [22]. - The basic earnings per share for the first half of 2022 was -0.0321 RMB, compared to 0.0216 RMB in the same period last year, representing a decrease of 248.61% [21]. - The company reported a net cash flow from operating activities of -40.42 million RMB, a decrease compared to the same period last year, primarily due to delayed project delivery and reduced customer payments [22]. - The company's operating revenue for the first half of the year was ¥95,784,009.45, a decrease of 31.08% compared to ¥138,980,715.12 in the same period last year [23]. - The net profit attributable to shareholders was a loss of ¥12,859,599.76, a decline of 248.78% from a profit of ¥8,643,274.23 in the previous year [23]. - The net cash flow from operating activities was negative at ¥93,826,457.97, compared to a negative cash flow of ¥53,405,178.10 in the same period last year [23]. - The company's total assets decreased by 7.86% to ¥1,585,892,904.63 from ¥1,721,172,342.90 at the end of the previous year [23]. - The net assets attributable to shareholders decreased by 3.95% to ¥1,222,873,439.22 from ¥1,273,136,872.31 at the end of the previous year [23]. Research and Development - Research and development expenses accounted for 63.52% of operating revenue, an increase of 22.08 percentage points compared to the same period last year [21]. - The total R&D investment reached approximately CNY 60.85 million, a 5.66% increase from the previous year, with R&D expenses accounting for 63.52% of revenue [60]. - The company has filed 35 patents related to blockchain technology, with 11 granted and 24 software copyrights approved, showcasing its strong R&D capabilities [48]. - The company has developed a low-code development platform that improves software development efficiency by 30% in sectors like social security and healthcare [53]. - The company is actively developing a medical text structuring platform and a medical knowledge graph to enhance healthcare product capabilities and support intelligent medical applications [55][56]. - The company has established 8 provincial-level or above innovation platforms, including a national engineering laboratory for e-commerce transaction technology [86]. Market Presence and Contracts - The company had a total of nearly 200 million RMB in new contracts signed during the reporting period, with a backlog of orders amounting to 480 million RMB, both showing growth compared to the previous year [21]. - The company has established a strong presence in the smart social security sector, covering over 100 cities and holding a leading market share nationally [27]. - The company has expanded its market presence outside Shandong, covering provinces such as Jiangsu, Anhui, and Zhejiang, and has established a growing business center in the Yangtze River Delta region [93]. - The company’s main business revenue from Shandong Province was 60.2499 million yuan, accounting for 63.42% of total main business revenue, indicating a high concentration risk [96]. Technology and Innovation - The company has developed a proprietary blockchain technology system, "Daiwei Chain," but faces risks related to market acceptance and long-term planning [100]. - The company is focusing on blockchain technology applications in areas like inclusive finance and has already secured business orders in these sectors [93]. - The company has successfully implemented a new generation of electricity information collection systems and innovative products in key regions such as Shandong, Chongqing, and Shaanxi [36]. - The company has developed a customer-side energy internet smart platform, achieving the first domestic distributed photovoltaic peak shaving work [36]. - The company aims to promote the application of blockchain technology in public finance and healthcare sectors, enhancing data security and operational efficiency [63]. Corporate Governance and Compliance - The company did not propose any profit distribution plan or capital reserve transfer to increase share capital during the reporting period [6]. - There were no non-operating fund occupation situations by controlling shareholders or related parties [7]. - The report period was not audited, and the management team confirmed the accuracy and completeness of the financial report [4]. - The company has undergone significant management changes, including the election of a new chairman and several core technical personnel [116]. - The company guarantees that its IPO documents do not contain false records or misleading statements, taking legal responsibility for their accuracy [131]. Future Outlook and Strategy - The company plans to continue focusing on R&D and market expansion despite the current financial challenges, aiming for recovery in future quarters [175]. - The company aims to improve fund operation efficiency and reduce operational costs by accelerating technology research and market promotion [129]. - The company is committed to supporting the digital economy and achieving carbon neutrality goals through innovative energy management applications [68]. - The company is focusing on integrating blockchain with privacy computing to enhance data security in insurance and financial services [76].

Financial Performance - The company's operating revenue for Q1 2022 was ¥32,156,606.47, representing a decrease of 4.43% compared to the same period last year[5] - The net profit attributable to shareholders was a loss of ¥8,360,376.19, with a net profit excluding non-recurring gains and losses at a loss of ¥12,368,623.77[5] - The company reported a net loss for Q1 2022, with total costs exceeding total revenue, indicating a challenging financial environment[21] - In Q1 2022, the company reported a net loss of CNY 8,360,376.19, compared to a net loss of CNY 7,030,375.12 in Q1 2021, representing an increase in loss of approximately 18.9% year-over-year[22] - Operating profit for Q1 2022 was CNY -9,269,724.96, compared to CNY -8,502,813.46 in the same period last year, indicating a decline in operational performance[22] - The total comprehensive income for Q1 2022 was CNY -8,360,376.19, compared to CNY -7,030,375.12 in Q1 2021, reflecting a decline in overall financial health[23] - The basic and diluted earnings per share for Q1 2022 were both CNY -0.0209, compared to CNY -0.0176 in Q1 2021, indicating a worsening in per-share performance[23] Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥51,137,101.07, indicating a significant cash outflow[6] - The net cash flow from operating activities for Q1 2022 was CNY -51,137,101.07, worsening from CNY -36,895,790.74 in Q1 2021[25] - The company’s cash and cash equivalents at the end of Q1 2022 stood at CNY 394,337,394.10, down from CNY 512,859,758.89 at the end of Q1 2021, a decrease of about 23.1%[26] - The company reported a net cash outflow from investing activities of CNY -36,909,166.73 in Q1 2022, a significant decrease from a net inflow of CNY 452,713,307.62 in Q1 2021[25] Expenses and Costs - Total operating costs for Q1 2022 were CNY 56,820,461.02, an increase of 11.93% from CNY 50,779,677.36 in Q1 2021[21] - Research and development expenses totaled ¥31,383,144.79, accounting for 97.59% of operating revenue, an increase of 16.82 percentage points year-on-year[6] - Research and development expenses increased to CNY 26,826,714.21 in Q1 2022, up from CNY 22,421,076.07 in Q1 2021, marking a growth of approximately 19.7%[22] - Management expenses rose by 36.99% primarily due to increased depreciation from the activation of the smart software industrial park[11] - The company incurred financial expenses of CNY -2,039,281.92 in Q1 2022, compared to CNY -502,949.68 in Q1 2021, indicating a significant increase in financial costs[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,660,267,582.07, down 3.54% from the end of the previous year[6] - Total assets as of March 31, 2022, were CNY 1,660,267,582.07, down from CNY 1,721,172,342.90 at the end of 2021, a decrease of 3.54%[19] - Total liabilities decreased to CNY 392,151,860.95 from CNY 448,035,470.59, a decline of 12.5%[19] - The company's equity attributable to shareholders was CNY 1,268,115,721.12, slightly down from CNY 1,273,136,872.31, a decrease of 0.39%[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,713[12] Government Support - The company received government subsidies amounting to ¥4,328,678.50, which were included in the current period's profit and loss[9] Business Operations - The company reported a significant increase in prepayments by 137.74% and inventory by 203.50% due to increased business procurement and unaccepted hardware projects[10] - The company is focusing on improving operational efficiency and exploring new market opportunities to enhance future performance[20]

Financial Performance - The company's operating revenue for 2022 was ¥453,909,101.18, a decrease of 28.80% compared to ¥637,509,880.44 in 2021[21]. - Net profit attributable to shareholders for 2022 was ¥61,912,476.23, down 39.95% from ¥103,100,055.19 in 2021[21]. - The net profit after deducting non-recurring gains and losses was ¥45,923,636.33, a decrease of 46.27% from ¥85,474,815.72 in 2021[21]. - The net cash flow from operating activities decreased by 58.16% to ¥39,924,845.63, down from ¥95,414,884.45 in 2021[23]. - The company's total assets at the end of 2022 were ¥1,687,169,158.93, a decrease of 1.98% from ¥1,721,172,342.90 at the end of 2021[21]. - The basic earnings per share for 2022 was ¥0.1548, a decrease of 39.93% from ¥0.2577 in 2021[22]. - The weighted average return on net assets for 2022 was 4.82%, down 3.48 percentage points from 8.30% in 2021[22]. - The company's total revenue for the year 2022 was 81,340,499, with a slight increase from 81,231,770 in the previous year, representing a growth of approximately 0.13%[176]. - The company reported a net profit margin of 18.15% for the year, indicating strong profitability despite market challenges[176]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of RMB 0.50 per 10 shares, totaling approximately RMB 20,000,500 for the 2022 fiscal year[5]. - The company confirmed that all board members attended the board meeting, ensuring governance integrity[5]. - The report indicates that there were no changes in the voting rights of preferred shareholders during the reporting period[170]. - The company confirmed that there were no governance issues related to its red-chip structure[171]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to RMB 7.6257 million[185]. - The total remuneration for core technical personnel at the end of the reporting period was RMB 6.0370 million[185]. Audit and Compliance - The company has received a standard unqualified audit report from Da Hua Accounting Firm[5]. - The company has not reported any non-operational fund occupation by controlling shareholders or related parties[7]. - The company has not faced any violations in decision-making procedures regarding external guarantees[7]. - The company has not reported any instances where a majority of directors could not guarantee the accuracy and completeness of the annual report[8]. - The company has maintained compliance with relevant laws and regulations, holding multiple shareholder and board meetings to ensure effective governance[165]. Operational Challenges and Risks - The company has outlined various operational risks and corresponding mitigation strategies in the report[4]. - The company experienced significant delays in project execution and delivery due to macroeconomic conditions, impacting overall performance[21]. - The decline in customer payments and increased operating expenses were major factors contributing to the reduced cash flow from operations[23]. - The company has confirmed that it has not achieved profitability since its listing[4]. - The company faces risks related to the rapid technological upgrades in the software and information technology service industry, particularly with the emergence of AI technologies like ChatGPT[117]. - The company is at risk of seasonal fluctuations in revenue and net profit due to the budget management practices of its main clients, which include government departments and healthcare institutions[122]. Research and Development - The R&D expenditure as a percentage of operating revenue increased to 28.50%, up 9.68 percentage points from 18.82% in 2021[22]. - The company increased R&D investment to 129.37 million yuan in 2022, a year-on-year growth of 7.82%[35]. - The total R&D investment reached approximately ¥129.37 million, an increase of 7.82% compared to the previous year, with R&D expenses accounting for 28.50% of operating revenue[83]. - The number of R&D personnel decreased to 861, making up 52.53% of the total workforce, down from 56.37% in the previous year[111]. - The company has established a three-tiered R&D system focusing on advanced technology, software development, and operational services, collaborating with institutions like Nanyang Technological University and Shandong University[52]. Market and Business Development - The company signed new contracts worth CNY 610 million during the reporting period, which was a decrease due to economic downturns and other factors[33]. - The amount of unrecognized orders increased by 27.04% to CNY 479 million, reaching a historical high[33]. - The company has adjusted its main business sectors, with new contract amounts for data element service business reaching CNY 36.12 million, a growth of 327.74% year-on-year[34]. - The company is focusing on the development of data element services as a core business, investing significant resources to enhance its industry position[64]. - The company is exploring potential mergers and acquisitions to accelerate growth and diversify its product offerings[176]. Technological Advancements - The company has developed the EasyAI artificial intelligence development platform and a low-code platform supporting cloud-native application development, enhancing its technological advantages[34]. - The company has developed a comprehensive blockchain technology product system, which has been recognized for its performance in various national assessments, positioning it as a leader in the industry[70]. - The EasyAI platform has been implemented to support the entire lifecycle of AI model development, significantly reducing the technical barriers and development time for AI applications in healthcare[74]. - The company is committed to continuous innovation in its blockchain and AI technologies, aiming to address complex operational challenges in heterogeneous environments[72]. Future Outlook - Future guidance suggests a projected revenue growth of 5-10% for the upcoming fiscal year, reflecting optimism in market conditions[176]. - The company plans to enhance project delivery management to achieve rapid growth in operating performance, with historical highs in unconfirmed orders and gross profit[160]. - The company intends to expand its data element delivery channels and optimize inclusive finance and insurance business models to increase the number of digital insurance box accounts and transaction volumes[160]. - The company is focusing on expanding its market presence through innovative applications in the energy sector, including demand response and smart energy usage[90]. Governance and Management - The company has undergone a board reshuffle, with several directors and supervisors being elected or appointed due to the change of term[186]. - The company has a structured remuneration policy for directors and senior management, which is reviewed and approved by the board[185]. - The company emphasizes comprehensive budget management and internal control to improve governance and management levels[162]. - The company has implemented a performance-oriented assessment mechanism to motivate employees and align with business goals[198].

Financial Performance - The company's operating revenue for Q3 2021 was ¥118,949,511.48, representing a year-on-year increase of 20.56%[5] - The net profit attributable to shareholders for Q3 2021 was ¥14,745,118.16, a decrease of 29.61% compared to the same period last year[5] - The basic earnings per share for Q3 2021 was ¥0.0369, down 31.92% year-on-year[6] - The net profit for Q3 2021 reached ¥23,388,392.39, compared to a net profit of ¥1,922,363.71 in the same period last year, indicating a significant increase[22] - The basic and diluted earnings per share for Q3 2021 were both ¥0.0585, compared to ¥0.0052 in Q3 2020[23] - The company reported a total profit of ¥21,576,691.55 for Q3 2021, compared to a loss of -¥1,318,975.56 in Q3 2020[22] Research and Development - Research and development expenses totaled ¥28,131,154.77, accounting for 23.65% of operating revenue, a decrease of 5.17 percentage points from the previous year[6] - Research and development expenses for Q3 2021 were ¥72,232,747.23, down from ¥80,772,383.65 in the same quarter last year, indicating a decrease of approximately 10%[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,582,698,532.76, a decrease of 4.14% compared to the end of the previous year[6] - As of September 30, 2021, total assets amounted to RMB 1,582,698,532.76, a decrease from RMB 1,651,081,394.64 at the end of 2020[18] - Current assets totaled RMB 756,134,121.59, down from RMB 915,556,568.45 at the end of 2020, indicating a decline of approximately 17%[16] - Total liabilities decreased to RMB 391,499,423.25 from RMB 443,269,677.52, a reduction of approximately 12%[18] - The company's equity attributable to shareholders was RMB 1,191,199,109.51, down from RMB 1,207,811,717.12, indicating a decrease of about 1.4%[18] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥45,332,266.42, showing an improvement from -¥68,950,000 in the same period last year[11] - Cash flow from operating activities for the first nine months of 2021 was negative at -¥45,332,266.42, an improvement from -¥68,949,277.57 in the same period of 2020[24] - Cash flow from investing activities showed a net inflow of ¥382,644,468.50, contrasting with a net outflow of -¥498,554,425.18 in the previous year[24] - The total cash and cash equivalents at the end of Q3 2021 were ¥395,230,085.18, up from ¥101,831,762.21 at the end of Q3 2020[24] - Cash and cash equivalents were reported at RMB 403,744,330.12, significantly up from RMB 101,101,171.50 at the end of 2020, showing a growth of over 299%[16] Shareholder Information - The company reported a total of 7,574 common shareholders at the end of the reporting period[12] - The largest shareholder, Shandong Shanda Capital Operation Co., Ltd., held 29.58% of the shares[13] Other Notable Changes - The company approved a restricted stock incentive plan on September 30, 2021, which was subsequently passed at the extraordinary general meeting on October 22, 2021[15] - The company reported a significant increase in prepayments, which rose to RMB 36,451,705.81 from RMB 7,331,504.78, reflecting a growth of approximately 398%[16] - Accounts receivable decreased to RMB 123,940,660.77 from RMB 183,412,482.78, reflecting a decline of approximately 32%[16] - Inventory increased to RMB 64,055,201.25, up from RMB 24,076,199.09, marking a growth of about 167%[16] - Total operating revenue for the first three quarters of 2021 reached RMB 257,930,226.60, an increase of 18% compared to RMB 218,530,109.87 in the same period of 2020[20] - Total operating costs amounted to ¥257,665,387.68, up from ¥237,962,160.90, reflecting a rise of approximately 8%[21] - The company experienced a tax expense of -¥1,811,700.84 in Q3 2021, compared to -¥3,241,339.27 in Q3 2020, reflecting a reduction in tax burden[22]

Financial Performance - The company's operating revenue for 2023 reached ¥537,716,757.65, an increase of 18.46% compared to ¥453,909,101.18 in 2022[21]. - Net profit attributable to shareholders for 2023 was ¥81,153,724.27, reflecting a growth of 31.08% from ¥61,912,476.23 in the previous year[21]. - The net profit after deducting non-recurring gains and losses increased by 47.88%, amounting to ¥67,913,153.57 in 2023 compared to ¥45,923,636.33 in 2022[21]. - The company's total assets as of the end of 2023 were ¥1,729,896,487.03, a 2.53% increase from ¥1,687,169,158.93 at the end of 2022[21]. - The basic earnings per share for 2023 was ¥0.2029, up 31.07% from ¥0.1548 in 2022[22]. - The net cash flow from operating activities for 2023 was negative at -¥6,113,250.83, compared to a positive ¥39,924,845.63 in 2022[21]. - The company achieved a revenue of 28.62 million yuan from data element services, representing a year-on-year growth of 54.63%[49]. - The company reported a total revenue of 390,680,000.00 RMB, with a net profit of 118,586,088.90 RMB, indicating a significant increase in profitability[114]. Dividend and Capital Management - The company plans to distribute a cash dividend of RMB 0.80 per 10 shares, totaling approximately RMB 32,000,800 (including tax) for the 2023 fiscal year[5]. - The company does not plan to increase capital reserves or issue bonus shares for the current fiscal year[5]. - The company has confirmed that all board members attended the board meeting, ensuring accountability for the report's accuracy[5]. Audit and Compliance - The company has received a standard unqualified audit report from the accounting firm Rongcheng[5]. - The company has not reported any governance special arrangements or significant matters that require disclosure[8]. - The company has consistently fulfilled its information disclosure obligations, ensuring transparency and timely communication with investors[169]. - The company has not faced any penalties from securities regulatory agencies in the past three years[189]. Research and Development - The R&D expenditure accounted for 22.05% of operating revenue, a decrease of 6.45 percentage points from 28.50% in 2022[22]. - Total R&D investment amounted to ¥118,586,088.90, a decrease of 8.33% compared to the previous year[95]. - The company has applied for 7 new patents and received 19 patents during the reporting period, totaling 48 invention patents and 443 software copyrights as of December 31, 2023[90]. - The company has established partnerships with institutions like Nanyang Technological University and Shandong University to enhance its R&D capabilities[57]. Market Expansion and Business Development - The company has been actively expanding its market presence, leading to a continuous increase in sales orders across various business segments[21]. - The company signed new orders worth 617 million RMB during the reporting period, indicating strong growth in order intake[34]. - The company is focusing on the emerging data element service business, leveraging its extensive high-value data resources from various sectors[74]. - The company is actively exploring new business opportunities in the new power system construction, which is expected to drive future growth[48]. Technology and Innovation - The company’s AI and blockchain technology investments are aimed at enhancing product innovation and maintaining a leading edge in technology and business[41]. - The company has developed a blockchain + electronic labor contract system, which was recognized by the Ministry of Industry and Information Technology as an innovative solution in 2023[40]. - The company has achieved significant advancements in blockchain technology, reaching an internationally advanced level by March 2023, with full certification from the China Financial Certification Center[80]. - The company is committed to the continuous innovation of its underlying blockchain technology, enhancing transaction throughput and supporting high-concurrency business scenarios[81]. Governance and Management - The company held 2 shareholder meetings, 6 board meetings, and 6 supervisory board meetings during the reporting period, all in compliance with relevant regulations[169]. - The company has established a specialized meeting system for independent directors to enhance decision-making fairness[169]. - The company’s governance practices align with the requirements of the Company Law and the Shanghai Stock Exchange regulations[169]. - The company has maintained a stable shareholding structure among its senior management, with no significant fluctuations in holdings[177]. Challenges and Risks - The company has not achieved profitability since its listing, indicating ongoing investment and growth strategies[4]. - The company faces risks from rising labor costs, which could impact profitability if not managed properly[126]. - The competitive landscape is evolving with the rapid development of AI technologies, potentially increasing competition in the industry[129]. - The company is expanding its market presence beyond Shandong province, but faces challenges in achieving its national market strategy due to the complexity of entering new markets[125].

Financial Performance - The company's operating revenue for 2020 was CNY 495.44 million, representing a year-on-year increase of 1.41% compared to CNY 488.57 million in 2019[21]. - Net profit attributable to shareholders was CNY 91.21 million, an increase of 16.67% from CNY 78.18 million in 2019[21]. - The net cash flow from operating activities increased significantly by 1,024.87% to CNY 127.94 million, up from CNY 11.37 million in the previous year[23]. - The company's total assets reached CNY 1.65 billion, reflecting a 55.30% increase from CNY 1.06 billion at the end of 2019[21]. - The net assets attributable to shareholders increased by 43.66% to CNY 1.21 billion, compared to CNY 840.74 million at the end of 2019[23]. - Basic earnings per share rose to CNY 0.2421, marking an 11.46% increase from CNY 0.2172 in 2019[22]. - The total amount of non-recurring gains and losses for 2020 was CNY 14.35 million, compared to CNY 8.31 million in 2019[27]. - The weighted average return on equity decreased to 9.13% from 9.53% in 2019, reflecting a slight decline in profitability[22]. Research and Development - Research and development expenses accounted for 22.28% of operating revenue, up from 15.68% in 2019, indicating a strategic focus on innovation[22]. - The total R&D investment for 2020 was CNY 110.36 million, a significant increase of 44.11% compared to the previous year[58]. - The proportion of R&D investment to operating revenue rose to 22.28%, an increase of 6.6 percentage points from 15.68% in the previous year[58]. - The company applied for 99 new intellectual property rights during the reporting period, of which 82 were granted, bringing the total to 389 applications and 315 grants[56]. - The company launched 20 new patents and received 6 authorizations during the reporting period, totaling 19 patents and 296 software copyrights by December 31, 2020[54]. Strategic Focus and Market Position - The company focuses on three strategic directions: smart government, medical insurance, and intelligent electricity, providing software development and technical services to government departments, medical institutions, and State Grid[33]. - The smart government market is projected to reach 520 billion yuan by 2025, with a CAGR of 7.71% from 2019 to 2025[38]. - The smart medical industry is expected to grow to 125.9 billion yuan in 2021, entering a phase of rapid growth driven by cloud computing and AI technologies[38]. - The company is one of the main enterprises in the fields of human resources, medical insurance, and electricity information in Shandong Province, with its market position continuously improving[43]. Technology and Innovation - The company has developed a collaborative control platform to address the "information island" issue in government services, integrating five key technologies for intelligent system sharing[46]. - The company has implemented blockchain technology in its government service systems to ensure data security and traceability, creating a new model for data sharing[43]. - The company has developed a data intelligence platform that integrates big data and artificial intelligence technologies, significantly improving the smart experience and risk prevention capabilities of its applications[48]. - The intelligent software platform utilizes automated testing to ensure reliability across multiple historical versions, enhancing agile collaboration within teams[50]. - The company has developed a core technology that supports the operation of a specialized, modular, and horizontally scalable big data aggregation platform, enhancing data analysis speed and application support[51]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from Da Hua Certified Public Accountants[4]. - The company has no non-operating fund occupation by controlling shareholders or related parties[6]. - The company has no violations of decision-making procedures for external guarantees[6]. - The company emphasizes that forward-looking statements do not constitute substantive commitments to investors[6]. - The company has committed to ensuring that any new business opportunities are first offered to its controlled enterprises[171]. Shareholder Returns and Dividends - The company plans to distribute a cash dividend of RMB 1.00 per 10 shares, totaling approximately RMB 40,001,000 for the year 2020[5]. - The company did not propose any cash profit distribution plan for the reporting period despite having positive distributable profits for ordinary shareholders[157]. - The cash dividend policy stipulates that at least 10% of the distributable profit will be distributed in cash if conditions are met, with a minimum of 80% for mature stages without major capital expenditures[149][150]. Operational Risks and Challenges - The company has detailed various operational risks and corresponding mitigation measures in the report[4]. - The company faced risks related to concentrated market regions, with 74.78% of revenue generated from Shandong Province, potentially impacting growth and profitability[106]. - The company is exposed to rising human resource costs, which could negatively affect the gross margin of its software development business if trends continue[107]. Employee and Workforce - The workforce consists of 939 employees, with 89.87% holding a bachelor's degree, indicating a highly educated team[83]. - The number of R&D personnel increased to 939, representing 61.25% of the total workforce, with an average salary of RMB 10.31 million[90]. Environmental and Social Responsibility - The company has complied with environmental protection laws and has not faced any administrative penalties related to environmental issues during the reporting period[200]. - The company actively participates in social responsibility initiatives, including developing platforms for pandemic response and providing services for migrant workers[199].

Financial Performance - The company's operating revenue for Q3 2022 was ¥157,226,981.75, representing a 32.18% increase compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2022 was ¥37,418,188.12, a significant increase of 153.77% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses reached ¥32,405,714.50, reflecting a 162.96% increase compared to the previous year[5] - Basic earnings per share for Q3 2022 were ¥0.0935, up 153.39% from the same period last year[6] - Total operating revenue for the first three quarters of 2022 was RMB 253,010,991.20, a decrease of 1.1% compared to RMB 257,930,226.60 in the same period of 2021[22] - Net profit for the first three quarters of 2022 was RMB 24,558,588.36, an increase of 5% from RMB 23,388,392.39 in the previous year[23] - Basic and diluted earnings per share increased to RMB 0.0614 from RMB 0.0585, representing a growth of 4.9%[24] - The net profit for the first three quarters of 2022 was ¥25,895,689.76, compared to ¥25,215,330.59 in the same period of 2021, indicating an increase of about 2.7%[33] Research and Development - The total R&D investment for the period was ¥31,253,675.22, accounting for 19.88% of operating revenue, a decrease of 3.77 percentage points year-on-year[6] - The company reported a significant increase in R&D expenses to RMB 76,129,053.41, up from RMB 72,232,747.23, indicating a focus on innovation[22] - Research and development expenses for the first three quarters of 2022 were ¥72,967,795.20, up from ¥69,055,787.54 in the same period of 2021, representing an increase of about 4.2%[31] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,579,430,586.40, down 8.24% from the end of the previous year[6] - As of September 30, 2022, the total assets of the company amounted to RMB 1,579,430,586.40, a decrease from RMB 1,721,172,342.90 at the end of 2021, representing a decline of approximately 8.2%[18] - The company's total liabilities decreased to RMB 317,330,259.06 from RMB 448,035,470.59, indicating a reduction of about 29.2%[19] - The company's total liabilities decreased from ¥446,026,999.58 at the end of 2021 to ¥314,706,039.90 as of September 30, 2022, a reduction of approximately 29.4%[30] - The total current assets were reported at RMB 685,600,147.75, down from RMB 845,622,797.48, reflecting a decrease of approximately 19%[17] - The company's equity attributable to shareholders decreased to RMB 1,262,100,327.34 from RMB 1,273,136,872.31, a decline of approximately 0.9%[19] - The total equity of the company as of September 30, 2022, was ¥1,268,714,970.32, slightly down from ¥1,278,414,413.89 at the end of 2021, reflecting a decrease of approximately 0.9%[31] Cash Flow - The cash flow from operating activities for the year-to-date was negative ¥115,855,561.24, primarily due to delayed sales collections caused by the pandemic[10] - Cash flow from operating activities showed a net outflow of RMB -115,855,561.24, compared to a smaller outflow of RMB -45,332,266.42 in the same period last year[27] - Cash inflow from investment activities was RMB 553,089,098.64, while cash outflow was RMB 76,824,364.01, resulting in a net cash flow of RMB -76,824,364.01[27] - Cash flow from financing activities resulted in a net outflow of RMB -40,126,925.00, slightly higher than the outflow of RMB -40,051,001.00 in the previous year[27] - The cash flow from operating activities for the first three quarters of 2022 showed a positive trend, contributing to the overall financial stability of the company[35] - Operating cash flow for the first three quarters of 2022 was negative at -112,381,435.69, compared to -45,963,948.21 in the same period of 2021, indicating a decline in cash generation[36] - Total cash inflow from operating activities decreased to 273,749,862.26 in 2022 from 356,980,799.94 in 2021, a drop of approximately 23.3%[36] - Cash outflow from operating activities was 386,131,297.95 in 2022, slightly down from 402,944,748.15 in 2021, resulting in a net cash flow from operating activities of -112,381,435.69[36] - Investment activities generated a net cash flow of -81,817,669.01 in 2022, a significant decline from 382,678,863.50 in 2021[36] - The net increase in cash and cash equivalents for Q3 2022 was -234,200,104.70, contrasting with a positive increase of 296,663,914.29 in Q3 2021[37] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 7,703[12] - The largest shareholder, Shandong Shanda Capital Operation Co., Ltd., held 29.58% of the shares, totaling 118,342,400 shares[12] - The company reported a total of 68,342,560 shares held by Guoshou Chengda (Shanghai) Health Industry Equity Investment Center, making it the largest shareholder[13] Strategic Outlook - The company has not disclosed any significant new product developments or market expansion strategies during this reporting period[15] - The company has not disclosed any new product developments or market expansion strategies during the reporting period[36] - Future outlook remains cautious due to the significant decline in cash flow and overall financial performance[36]

Financial Performance - The company's operating revenue for Q3 2023 was ¥100,478,111.87, representing a decrease of 36.09% compared to the same period last year[5]. - Net profit attributable to shareholders for Q3 2023 was ¥10,997,737.28, down 70.61% year-on-year[5]. - The net profit after deducting non-recurring gains and losses for Q3 2023 was ¥9,228,186.69, a decrease of 71.52% compared to the same period last year[5]. - Basic and diluted earnings per share for Q3 2023 were both ¥0.0275, reflecting a decline of 70.60% year-on-year[6]. - Total operating revenue for the first three quarters of 2023 reached ¥302,284,392.55, an increase of 19.5% compared to ¥253,010,991.20 in the same period of 2022[20]. - Net profit for the third quarter of 2023 was ¥31,199,611.52, compared to ¥24,558,588.36 in the same quarter of 2022, representing a growth of 27.0%[21]. - The net profit for the first three quarters of 2023 was 34,134,260.99 RMB, compared to 25,895,689.76 RMB in the same period of 2022, representing an increase of approximately 31.9%[32]. - The company reported a total comprehensive income of ¥31,199,611.52 for the third quarter of 2023, compared to ¥24,558,588.36 in the same quarter of 2022[22]. - The company reported a total comprehensive income of CNY 34,134,260.99 for the third quarter[33]. Assets and Liabilities - The company's total assets at the end of Q3 2023 were ¥1,613,187,621.03, a decrease of 4.38% from the end of the previous year[6]. - The total assets decreased to ¥1,613,187,621.03 from ¥1,687,169,158.93, reflecting a decline of approximately 4.4%[14]. - The company's total liabilities decreased to ¥302,658,842.17 from ¥390,385,872.89, showing a reduction of about 22.4%[16]. - The total current assets as of September 30, 2023, were 697,853,011.61 RMB, down from 788,345,265.48 RMB at the end of 2022, indicating a decrease of approximately 11.5%[29]. - The total liabilities decreased to 300,362,884.73 RMB as of September 30, 2023, from 386,085,671.10 RMB at the end of 2022, reflecting a reduction of about 22.2%[30]. - The company's total equity remained stable at ¥400,010,000.00, unchanged from the previous period[16]. - The company's total equity increased to 1,322,333,460.90 RMB as of September 30, 2023, from 1,305,653,318.61 RMB at the end of 2022, indicating a growth of about 1.3%[30]. Cash Flow - The company reported a cash flow from operating activities of -¥82,309,348.04 for the year-to-date period[6]. - Cash flow from operating activities for the first three quarters of 2023 showed a net outflow of ¥82,309,348.04, an improvement from a net outflow of ¥115,855,561.24 in the same period of 2022[25]. - The cash inflow from operating activities was CNY 298,896,418.76, an increase of 9.1% compared to CNY 273,749,862.26 in the same period of 2022[35]. - The net cash flow from operating activities was -CNY 82,078,115.93, an improvement from -CNY 112,381,435.69 in the first three quarters of 2022[35]. - The cash flow from financing activities for Q3 2023 was -20,126,425.00 RMB, compared to -40,126,925.00 RMB in Q2 2023, showing an improvement in cash flow management[26]. - The cash outflow for financing activities was CNY 20,000,500.00, reduced from CNY 40,001,000.00 in the previous year[36]. - The company's cash flow from investment activities showed a significant turnaround, with a net increase compared to a negative cash flow in the same period last year[36]. Research and Development - Research and development expenses for Q3 2023 amounted to ¥26,423,932.02, accounting for 26.30% of operating revenue, an increase of 6.42 percentage points year-on-year[6]. - Research and development expenses for the first three quarters of 2023 were ¥71,346,681.18, slightly down from ¥76,129,053.41 in the same period of 2022[20]. - Research and development expenses for Q3 2023 were 68,655,298.49 RMB, slightly down from 72,967,795.20 RMB in Q3 2022, indicating a decrease of about 5.0%[32]. Shareholder Information - The number of shares held by the largest shareholder, Shandong Shanda Capital Operation Co., Ltd., is 118,342,400, representing 29.58% of total shares[12]. Inventory and Receivables - Inventory increased significantly to ¥93,526,547.71 from ¥59,664,823.09, marking an increase of approximately 56.7%[15]. - Accounts receivable rose to ¥166,632,003.04 compared to ¥159,434,914.85 in the previous year, indicating an increase of about 4.8%[15]. - The company's contract assets rose to ¥155,950,381.36 from ¥142,901,093.72, which is an increase of about 9.1%[15]. Management and Strategy - The company emphasized improved project delivery management as a key factor affecting revenue and profit performance[9]. - The company has not disclosed any new product developments or market expansion strategies during this reporting period[13]. - The company's management is focused on improving cash flow and reducing losses in operating activities moving forward[37].