Financial Performance - The company's operating revenue for 2021 was ¥206,476,533.04, a decrease of 11.53% compared to ¥233,373,953.01 in 2020[24]. - The net profit attributable to shareholders for 2021 was ¥31,605,431.79, down 61.49% from ¥82,081,021.91 in 2020[24]. - The net profit after deducting non-recurring gains and losses was ¥21,067,433.20, a decline of 71.15% from ¥73,015,355.36 in 2020[24]. - The net cash flow from operating activities for 2021 was -¥15,548,319.63, a decrease of 130.38% compared to ¥51,176,659.14 in 2020[24]. - The total assets at the end of 2021 were ¥840,663,396.09, an increase of 76.11% from ¥477,350,038.99 at the end of 2020[24]. - The net assets attributable to shareholders at the end of 2021 were ¥805,908,403.05, up 84.02% from ¥437,956,372.58 at the end of 2020[24]. - The company's revenue for 2021 was approximately 206 million RMB, with a net profit of 31.61 million RMB, resulting in a net profit margin of 15.31%[96]. - The company has a comprehensive gross margin of 64.01%, indicating strong profitability compared to competitors[96]. R&D and Innovation - R&D investment accounted for 29.31% of operating revenue, an increase of 10.67 percentage points year-on-year[27]. - The company achieved a total R&D investment of CNY 60,520,933.71 in 2021, representing a 39.14% increase compared to CNY 43,497,496.67 in the previous year[114]. - The company increased its investment in basic and product R&D to improve data processing and technology platform capabilities[27]. - The company has developed 12 core technologies that support the entire process of training data production, indicating a strong focus on technological innovation[106]. - The company has accumulated 26 invention patents and 156 software copyrights, showcasing its commitment to innovation[96]. - The company has developed over 930 standardized training dataset products, ranking among the top globally in terms of large-scale, high-quality, and authorized databases[94]. Market Position and Strategy - The company has established a strong international competitive position in the AI foundational data service sector, serving 695 clients across various industries including technology, finance, and education[56]. - The company plans to enhance its market share and R&D capabilities in response to industry developments[27]. - The company has expanded its client base to 695, adding 145 new clients in 2021, the highest annual increase in five years, covering various sectors including technology, IoT, and intelligent driving[51]. - The company is actively restructuring its sales team and expanding its presence in the U.S. and emerging AI industry cities to enhance customer service and response speed amid the challenges posed by the COVID-19 pandemic[50]. - The company aims to enhance AI technology applications through tailored algorithm model training services, improving client outcomes[64]. Risks and Challenges - The report includes a detailed risk factor section, highlighting potential risks that investors should be aware of[4]. - The company faced significant pressure from intensified industry competition and the impact of COVID-19 on overseas operations[26]. - The company recognizes the risk of rapid technological iteration in the AI industry, which could impact its ability to maintain a competitive edge if it fails to adapt[143]. - The company is at risk of losing core technical personnel due to intense competition for talent in the industry, which could adversely affect its R&D capabilities[143]. - The company may face challenges in achieving authorized sales of its standardized training data products if they do not meet customer requirements, potentially impacting future operating performance[145]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from its auditing firm, ensuring the accuracy of its financial statements[5]. - The company does not have any non-operating fund occupation by controlling shareholders or related parties[9]. - There are no violations of decision-making procedures regarding external guarantees[9]. - The company has established a mature data security and compliance management system, achieving ISO/IEC 27001 and ISO27701 certifications, ensuring adherence to GDPR and other regulations[139]. Future Outlook - The AI basic data service market in China is expected to grow at a compound annual growth rate of 47% over the next five years, potentially exceeding 12 billion yuan by 2025[38]. - The company aims to strengthen its core competitiveness in training data services, focusing on high-quality, structured, and large-scale training data to meet the growing demand in the AI industry[194]. - The company plans to enhance its training data coverage in the intelligent voice sector, particularly for languages in South Asia, the Middle East, and Africa, to support multi-language expansion for downstream clients[195]. - The company intends to upgrade its integrated data processing platform and expand its R&D center to improve efficiency in developing training data products[199].

Revenue and Profit - Revenue for Q1 2022 was CNY 47,876,427.23, representing an increase of 8.22% year-over-year[5] - Net profit attributable to shareholders decreased by 42.25% to CNY 9,437,853.93[5] - Net profit excluding non-recurring gains and losses fell by 68.43% to CNY 4,521,816.29[5] - The total operating revenue for Q1 2022 was CNY 47,876,427.23, an increase of 14.9% compared to CNY 44,238,877.46 in Q1 2021[21] - Net profit for Q1 2022 was CNY 9,437,853.93, down from CNY 16,341,743.76 in Q1 2021, reflecting a decrease of approximately 42.5%[23] - The total comprehensive income for Q1 2022 was CNY 9,439,473.63, compared to CNY 16,346,115.36 in Q1 2021, reflecting a decline of about 42.3%[23] Cash Flow and Assets - Net cash flow from operating activities was CNY 4,768,088.45, down 74.17% compared to the previous year[6] - The company reported a net cash flow from operating activities of CNY 4,768,088.45 in Q1 2022, a significant decline from CNY 18,456,157.25 in Q1 2021[25] - Cash and cash equivalents as of March 31, 2022, were CNY 262,145,504.62, down from CNY 277,703,399.65 as of December 31, 2021, representing a decrease of 5.2%[18] - Total current assets amounted to CNY 807,566,153.97, slightly down from CNY 808,923,521.70 at the end of 2021, indicating a decrease of 0.2%[18] - Accounts receivable decreased to CNY 75,536,438.00 from CNY 90,196,484.25, a decline of 16.3%[18] - Inventory increased to CNY 11,887,347.83 from CNY 8,545,495.27, reflecting a growth of 39.3%[18] - Total liabilities decreased to CNY 23,585,868.48 from CNY 34,754,993.04, a reduction of 32.1%[20] - Total equity attributable to shareholders increased to CNY 815,347,876.68 from CNY 805,908,403.05, an increase of 1.8%[20] - Cash and cash equivalents at the end of Q1 2022 totaled CNY 262,145,504.62, down from CNY 35,355,108.79 at the end of Q1 2021[26] Research and Development - R&D investment totaled CNY 17,934,730.30, an increase of 81.00% year-over-year[6] - R&D expenditure accounted for 37.46% of revenue, up 15.06 percentage points from the previous year[6] - R&D expenses increased by 802.63 million, representing an 81.00% year-on-year growth rate, which was a core factor leading to the profit decline[9] - Research and development expenses rose significantly to CNY 17,934,730.30 in Q1 2022, compared to CNY 9,908,463.03 in Q1 2021, marking an increase of about 80.8%[22] Earnings Per Share - Basic and diluted earnings per share were both CNY 0.22, a decrease of 56.86%[6] - Basic earnings per share for Q1 2022 were 0.22 yuan, a decrease of 56.86% compared to the same period last year[9] - Basic and diluted earnings per share for Q1 2022 were CNY 0.22, down from CNY 0.51 in Q1 2021, representing a decrease of approximately 56.9%[23] Employee and Compensation - The number of employees increased by 70.97% year-on-year, contributing to higher cash payments to employees[9] - The company reported a decrease in employee compensation payable from CNY 14,596,143.92 to CNY 2,741,521.36, a significant drop of 81.2%[19] Strategic Focus - The company is focusing on expanding its smart driving data services and upgrading its supply chain system as part of its strategic plan[9] Other Income and Costs - Non-recurring gains totaled CNY 4,916,037.64, with significant contributions from government subsidies and other non-operating income[8] - The total operating costs for Q1 2022 were CNY 46,751,665.41, an increase from CNY 30,494,709.15 in Q1 2021, representing a growth of approximately 53.4%[22] - The company reported other income of CNY 5,149,508.95 in Q1 2022, an increase from CNY 2,716,416.92 in Q1 2021, indicating a growth of approximately 89.6%[22] Outlook - The company has not provided any specific guidance or outlook for future performance in the report[15]

Financial Performance - The company's revenue for Q3 2021 was ¥24,774,663.82, representing a decrease of 39.33% compared to the same period last year[5] - The net profit attributable to shareholders was -¥12,156,689.84, a decline of 332.99% year-on-year[5] - The net profit after deducting non-recurring gains and losses was -¥14,490,933.13, down 597.89% from the previous year[5] - For the first nine months of 2021, the net profit attributable to shareholders was 25.6584 million yuan, a decrease of 50.48% compared to the same period last year[12] - Revenue for the first nine months of 2021 was 131 million yuan, down 8.40% year-on-year, with a stable gross margin around 68%[12] - Net profit for the third quarter of 2021 was CNY 25,658,431.78, down from CNY 51,818,932.78 in the same quarter of 2020, reflecting a decrease of approximately 50.5%[27] - Basic and diluted earnings per share for the third quarter of 2021 were both CNY 0.77, compared to CNY 1.61 in the same quarter of 2020, a decline of about 52%[28] Research and Development - Research and development expenses totaled ¥15,037,067.97 for the quarter, up 27.24% year-on-year, accounting for 60.70% of revenue[6] - R&D expenses increased by 1,042.24 million yuan, a growth rate of 36.41%, with significant investments in intelligent driving and OCR technology[12] - R&D expenses accounted for 60.70% of revenue in Q3 2021, an increase of 31.75 percentage points compared to the same period last year[13] - The company plans to continue increasing its investment in R&D and personnel to support long-term growth despite the current financial challenges[11] - The company plans to complete and launch over 150 training dataset products by mid-2022[13] - The company added over 260 new training dataset products, particularly in multilingual speech datasets and computer vision datasets[12] Assets and Liabilities - The total assets at the end of the reporting period reached ¥829,110,655.16, an increase of 73.69% compared to the end of the previous year[6] - Total assets as of September 30, 2021, were 829 million yuan, an increase of 73.69% from the end of the previous year[13] - Total liabilities for the third quarter of 2021 were CNY 29,146,387.17, a decrease from CNY 39,393,666.41 in the same quarter of 2020, indicating a reduction of about 26%[23] - The company's total equity increased to CNY 799,964,267.99 in the third quarter of 2021, compared to CNY 437,956,372.58 in the same period of 2020, reflecting an increase of approximately 82.6%[23] - The equity attributable to shareholders was 800 million yuan, up 82.66% year-on-year, primarily due to the net proceeds from the IPO[13] Cash Flow - The company experienced a cash flow from operating activities of -¥13,602,459.67 for the year-to-date[6] - The net cash flow from operating activities for the first nine months of 2021 was -13.6025 million yuan, a decrease of 131.62% compared to the previous year[12] - Cash inflow from operating activities for the first three quarters of 2021 was CNY 134,640,972.75, a decrease of 27.2% compared to CNY 184,951,954.22 in the same period of 2020[30] - Net cash outflow from operating activities in Q3 2021 was CNY -13,602,459.67, compared to a net inflow of CNY 43,012,795.95 in Q3 2020[31] - Cash inflow from investment activities in Q3 2021 was CNY 1,036,078,407.56, significantly higher than CNY 482,915,382.32 in Q3 2020, marking an increase of 114.4%[31] - The net increase in cash and cash equivalents for Q3 2021 was CNY 146,508,328.89, compared to a decrease of CNY -87,395,560.19 in Q3 2020[32] Shareholder Information - Total number of common shareholders at the end of the reporting period is 5,119[15] - The largest shareholder, He Lin, holds 8,669,725 shares, representing 20.26% of total shares[15] - The company has no preferred shareholders with voting rights at the end of the reporting period[15] - The top 10 shareholders collectively hold a significant portion of the company's shares, with the largest holding being over 20%[15] - There are no significant changes in the status of pledged, marked, or frozen shares among the top shareholders[15]