Financial Performance - The company's operating revenue for 2020 was CNY 630,091,561.79, representing a year-on-year increase of 5.61% compared to CNY 596,622,687.25 in 2019[22]. - Net profit attributable to shareholders for 2020 was CNY 200,747,667.40, a significant increase of 33.97% from CNY 149,840,625.28 in 2019[22]. - The net cash flow from operating activities reached CNY 169,322,043.48, up 23.98% from CNY 136,570,310.03 in the previous year[22]. - The company's total assets increased by 64.97% to CNY 1,303,729,531.21 at the end of 2020, compared to CNY 790,291,204.88 at the end of 2019[22]. - The basic earnings per share for 2020 was CNY 0.5192, reflecting a growth of 24.75% from CNY 0.4162 in 2019[23]. - The company's net assets attributable to shareholders grew by 76.57% to CNY 1,200,149,319.44 at the end of 2020, compared to CNY 679,711,001.10 at the end of 2019[24]. - The company reported a quarterly revenue of CNY 183,881,555.51 in Q4 2020, with a net profit of CNY 63,002,275.33 for the same period[26]. - The company reported a total revenue of 10,740 million RMB, with a net profit of 5,935.82 million RMB, indicating a strong financial performance[78]. Research and Development - Research and development expenses accounted for 9.42% of operating revenue in 2020, an increase of 0.36 percentage points from 9.06% in 2019[23]. - R&D investment totaled ¥5,935.82 million in 2020, a 9.78% increase from ¥5,406.98 million in the previous year, representing 9.42% of total revenue[67]. - The number of R&D personnel increased to 268, representing 15.35% of the total workforce, up from 13.09% in the previous period[80]. - The research and development team comprises 1,586 members, accounting for 90.84% of the total workforce, highlighting the company's talent advantage[90]. - The company has applied for 5 invention patents and 42 software copyrights, increasing its total to 19 patents and 177 copyrights[67]. Dividend Policy - The company plans to distribute a cash dividend of RMB 2 per 10 shares, totaling approximately RMB 80,002,000.60, which represents 39.85% of the net profit attributable to shareholders for the year 2020[5]. - The proposed cash dividend for the 2020 fiscal year is also set at RMB 2 per 10 shares, with a total expected distribution of RMB 80,002,000.60, pending shareholder approval[162]. - The cash dividend policy stipulates that the company will distribute at least 10% of its distributable profits in cash, with a cumulative distribution of at least 30% over any three consecutive years[158]. - The company will adopt a combination of cash and stock for dividend distribution[168]. - The company plans to prioritize cash dividends in profit distribution, with a minimum of 80% for mature stages without major capital expenditures[169]. Corporate Governance - The report includes a standard unqualified audit opinion from Zhonghua Certified Public Accountants[5]. - The company has confirmed that all board members attended the board meeting[5]. - The company does not have any non-operating fund occupation by controlling shareholders or related parties[7]. - There are no violations of decision-making procedures regarding external guarantees[7]. - The company has not disclosed any special arrangements for corporate governance[8]. Market Position and Strategy - The company's revenue from software development services for the Japanese market accounted for 83.97% of total revenue in 2020[44]. - The company has established long-term framework contracts with major clients, enhancing its competitive position in the Japanese financial software market[40]. - The company focuses on high-value software development services, maintaining a strong market position with significant barriers to entry[43]. - The company plans to continue strengthening its collaboration with major clients in the Japanese software development service market[45]. - The company is actively pursuing new business models, including SaaS services, to increase customer satisfaction and long-term revenue stability[62]. Technology and Innovation - The company employs a technology-driven R&D model, closely tracking international trends to meet market demands[37]. - The company has developed a proprietary software project management system to effectively manage the entire process of software development projects, ensuring high efficiency and quality[53]. - The company’s self-developed automation testing platform significantly improves production efficiency and quality in software project development[53]. - The company’s low-code development platform reduces project failure rates and lowers the technical skill requirements for system developers, representing a comprehensive upgrade from the previous LMSP platform[53]. - The company has developed a cloud-based microservices architecture that enhances system efficiency and reduces complexity, enabling independent deployment and scaling of services[56]. Risk Management - The company has outlined various operational risks and corresponding mitigation strategies in the report[4]. - The report includes a forward-looking statement risk disclaimer, indicating that future plans and strategies do not constitute a commitment to investors[6]. - The company remains heavily reliant on the Japanese market for software development services, which poses a risk if market conditions change[108]. - The company faces risks related to high customer concentration, particularly with its largest client, Nomura Research Institute[109]. - The company is exposed to exchange rate risks as its revenue is primarily denominated in Japanese yen while costs are in RMB[115]. Investment and Financial Management - The company has invested RMB 113.16 million in bank wealth management products, with an outstanding balance of RMB 100.36 million[179]. - The company has invested RMB 300 million in bank wealth management products using raised funds, with an outstanding balance of RMB 295 million[179]. - The company has ongoing financial products with expected returns that are yet to be realized, indicating a strategy focused on future income generation[185]. - The company has diversified its financial product portfolio across various banks, ensuring a spread of risk and potential returns[184]. - The total amount of raised funds is RMB 38,504.57 million, with RMB 4,279.97 million invested in the current year[188]. Compliance and Legal Matters - There are no significant lawsuits or arbitration matters reported for the current year[176]. - The company has not faced any situations that could lead to delisting[176]. - There are no major accounting errors or changes in accounting policies reported for the current year[174]. - The company has not made any significant related party transactions during the reporting period[177]. Environmental and Social Responsibility - The company has not been classified as a key pollutant unit and has implemented effective waste management practices, ensuring no industrial wastewater is produced[196]. - The company’s solid waste mainly consists of household waste and packaging materials, with hazardous electronic waste being properly handled by suppliers[196]. - The company has not disclosed any environmental information due to its non-involvement in key pollution industries[196]. - The company’s public relations and social responsibility initiatives are not applicable as per the report[196].

Financial Performance - Operating income for the first nine months was CNY 446,210,006.28, a slight increase of 0.89% compared to the previous year[6] - Net profit attributable to shareholders increased by 8.15% year-on-year, totaling CNY 137,745,392.07[6] - Total operating revenue for Q3 2020 was ¥165,849,932.38, an increase of 5.8% compared to ¥157,624,787.52 in Q3 2019[23] - Net profit for Q3 2020 was ¥66,129,313.16, up 58.5% from ¥41,840,561.76 in Q3 2019[24] - The total revenue for the first three quarters of 2020 reached CNY 478,379,401.35, compared to CNY 466,071,895.54 in the same period of 2019, indicating a year-over-year increase of about 2.7%[29] - The operating profit for Q3 2020 was CNY 68,170,391.41, up from CNY 43,920,478.28 in Q3 2019, reflecting a growth of approximately 55.0%[28] - The company achieved a net profit margin of 39.8% in Q3 2020, compared to 26.5% in Q3 2019, indicating improved profitability[24] Assets and Liabilities - Total assets increased by 53.84% year-on-year, reaching CNY 1,215,747,288.74[6] - Current assets rose to CNY 902,135,793.34, up from CNY 488,737,556.24, indicating an increase of about 84.5%[16] - Total liabilities decreased to CNY 93,014,770.19 from CNY 109,245,754.48, a reduction of approximately 15%[18] - Total equity reached CNY 681,045,450.40, with attributable equity to shareholders at CNY 679,711,001.10[35] - The company reported a significant increase in tax refunds received, rising to RMB 1,951,150.96 from RMB 377,943.53 in the previous year[31] Shareholder Information - The company reported a total of 10,486 shareholders at the end of the reporting period[10] - The top shareholder, Zhang Baoquan, holds 19.86% of the shares, totaling 79,425,226 shares[10] Research and Development - R&D expenditure accounted for 9.47% of operating income, up by 1.92 percentage points from the previous year[6] - R&D expenses increased significantly to ¥15,755,970.50 in Q3 2020, a rise of 50.5% compared to ¥10,491,585.97 in Q3 2019[23] Cash Flow - Net cash flow from operating activities for the first nine months was CNY 94,156,201.25, reflecting a 19.12% increase year-on-year[6] - The cash flow from operating activities for the first three quarters of 2020 was CNY 94,156,201.25, compared to CNY 79,040,431.15 in the same period of 2019, marking an increase of about 19.2%[30] - The company reported a net cash outflow from investing activities of CNY -313,853,078.63 for the first three quarters of 2020, compared to CNY -118,256,574.16 in the same period of 2019[30] Government Support - Government subsidies recognized during the period amounted to CNY 7,633,269.09, primarily related to government support[9] - Other income increased by 195.36% to 8,242,559.13 RMB from 2,790,654.41 RMB, mainly driven by government subsidies[13] - Cash received from tax refunds rose by 466.13% to 2,139,647.10 RMB from 377,943.53 RMB, attributed to income tax refunds[13] - Cash received from other operating activities increased by 325.86% to 10,788,692.51 RMB from 2,533,381.36 RMB, also due to government subsidies[13] Financial Management - Financial expenses decreased by 45.00% to -10,534,360.11 RMB compared to -19,154,283.49 RMB in the same period last year, primarily due to exchange rate gains[13] - The weighted average return on equity decreased by 4.78 percentage points to 15.58%[6] Investment Activities - Cash paid for investments increased by 48.95% to 959,600,000.00 RMB from 644,250,000.00 RMB, primarily for purchasing structured deposits and financial products[14] - Cash received from new share issuance amounted to 402,549,112.00 RMB, reflecting funds raised from the issuance of new shares[14] Comprehensive Income - Total comprehensive income for Q3 2020 was ¥65,477,680.56, an increase from ¥42,005,738.22 in Q3 2019, marking a growth of 55.9%[25] - The total comprehensive income for Q3 2020 was CNY 61,403,039.95, an increase from CNY 39,519,140.77 in Q3 2019, indicating a growth of about 55.5%[28]

Financial Performance - The company reported a total revenue of 100 million RMB for the first half of 2020, representing a year-on-year increase of 15%[14]. - The user base grew to 1.5 million active users, an increase of 20% compared to the previous year[14]. - The gross profit margin for the first half of 2020 was reported at 45%, a slight increase from 42% in the same period last year[14]. - The company's basic and diluted earnings per share decreased by 20.83% to CNY 0.19 compared to the same period last year[21]. - Net profit attributable to shareholders decreased by 15.99% to CNY 71.42 million, primarily due to increased R&D expenses and reduced investment income from associates[22]. - Operating cash flow decreased by 28.86% to CNY 29.14 million, mainly due to an increase in accounts receivable balance impacted by the pandemic[22]. - The company's operating revenue for the first half of 2020 reached ¥280,360,073.90, remaining stable compared to the same period last year, while gross margin increased[68]. - Net profit attributable to shareholders was ¥71,422,090.04, a decrease of 15.99% year-on-year, primarily due to increased R&D investment and reduced investment income from joint ventures[68]. - The net cash flow from operating activities decreased by 28.86% to CNY 29.14 million, primarily due to an increase in accounts receivable influenced by the pandemic[81]. - The company reported a total comprehensive income of RMB 84,820,103.74 for the first half of 2020[168]. Research and Development - The company is investing 50 million RMB in research and development for artificial intelligence technologies[14]. - R&D investment as a percentage of operating revenue increased by 1.42 percentage points to 9.46%[21]. - The company emphasizes R&D investment, establishing a technical R&D system for both Japanese software development services and proprietary software products[34]. - The company has developed unique industry solutions in project management, data processing, cloud computing, internet applications, and mobile development technologies[32]. - The company has successfully integrated emerging financial technologies such as cloud computing, big data, and artificial intelligence into most of its projects, serving various clients including insurance, banking, and e-commerce[32]. - The company has developed a SaaS multi-tenant and resource expansion framework for online sales and services in the insurance sector, enhancing operational efficiency[34]. - The company has completed the prototype design and coding for the new generation large investment banking comprehensive management solution, with a budget of 5,000,000.00 and an initial investment of 1,247,350.18[50]. - The company has invested 10,300,000.00 in a big data intelligent engine platform, achieving sub-second processing times for real-time data, enhancing marketing services in the financial sector[51]. - The company has completed the framework construction and main functional testing for a data-driven digital marketing solution, aiming to enhance customer engagement and increase transaction volume[52]. - The company has established a talent training system to ensure a stable and skilled workforce, crucial for its software development services[64]. Market Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by the end of 2021[14]. - The company focuses on providing customized software development services for the financial industry, including securities, insurance, banking, and asset management[28]. - The software development services are primarily delivered through project contracts, with a focus on long-term partnerships with clients[29]. - The company has established long-term partnerships with major Japanese software contractors, enhancing operational efficiency and reducing sales costs[61]. - The company is actively addressing risks related to reliance on the Japanese market, which is its primary revenue source, and is monitoring economic and political conditions in Japan[72]. Financial Position - The company's total assets increased by 44.03% to CNY 1.14 billion, driven by the funds raised from the initial public offering[22]. - The company's total liabilities decreased to CNY 81,028,361.95 from CNY 109,245,754.48[138]. - The total equity attributable to shareholders increased to CNY 1,056,215,136.13 from CNY 679,711,001.10[138]. - Cash and cash equivalents rose to CNY 679,524,970.42, compared to CNY 391,892,318.01 at the end of 2019, reflecting an increase of approximately 73.3%[136]. - The company's total current assets reached CNY 841,249,463.61, up from CNY 488,737,556.24, indicating a growth of approximately 72.1%[136]. - The total equity at the end of the current period is reported as 1,057,254,837.99, reflecting an increase from the previous period[159]. Shareholder Information - Major shareholder Zhang Baoquan holds 19.86% of the shares, totaling 79,425,226 shares, while Wu Yanfang holds 16.67%, totaling 66,683,517 shares[124]. - The company has a total of 363,870,673 restricted shares, which will be released on May 11, 2023[121]. - The company has established various partnerships, including with Xinyu Huaying and Xinyu Fuhui, which are involved in employee stock ownership plans[126]. - The company has committed to long-term holding of its shares and will not reduce its holdings prior to the stock's listing[93]. - The company will not reduce shares if it is subject to major legal violations that could lead to delisting[95]. Compliance and Governance - The board of directors has confirmed that the financial report is accurate and complete, ensuring accountability for any discrepancies[5]. - The company has implemented a management system for related party transactions to ensure fairness and protect shareholder rights[106]. - The company has not disclosed any major related party transactions during the reporting period[111]. - The company has not been listed as a key pollutant discharge unit and emphasizes its commitment to environmental protection[113]. - The financial statements comply with the requirements of the accounting standards, reflecting the company's financial position accurately[175].