证券代码：002657 证券简称：中科金财 | --- | --- | --- | |------------------|-------------------------------|---------------------------------| | | | | | | | 编号： 030 | | 投资者关系活动类 | | ▇特定对象调研 □分析师会议 | | 别 | □媒体采访 □业绩说明会 | | | | □ 新闻发布会 □路演活动 | | | | □现场参观 □ | 一对一沟通 | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名称及人 | 中邮基金 纪云飞 | | | 员姓名 | 景顺长城基金 徐超 | | | | 安信证券 李小伟 | | | | 东北证券 郭敏杰 何柄谕 | | | | 顺鑫控股 边铁囡 | | | | 华菁证券 李树国 吴昱斌 | | | | 国信证券 何立中 | | | | 信达证券 周皓 | | | | 申万宏源证券 秦庆 | | | | 中钢投资 程登峰 | | | | 太平洋证券 徐中华 李冰桓 张际 | | | | 新时代证券 付杭骏 | ...

Group 1: Company Development Strategy - The company continues to focus on financial technology solutions and data center services, advancing innovations in AI, big data, cloud services, and blockchain [3] - The development strategy is being upgraded to create a value-sharing industrial internet technology platform, guiding clients through technological upgrades from IT to DT to AT [3] Group 2: Blockchain Industry Perspective - China is expected to lead global blockchain technology research, application, and standardization, enhancing its international influence [3] - Blockchain is anticipated to become a pillar industry, with key areas for technological breakthroughs including cross-chain technology and high-speed blockchain [3] Group 3: Blockchain Technology Applications - The company has been actively researching blockchain applications since 2016 and is a founding member of the Beijing Blockchain Technology Application Association [4] - Current blockchain application scenarios include digital currency, account on-chain, large-value electronic payments, and more [5] Group 4: Acquisition of Zhifangdong - Zhifangdong specializes in smart education solutions, covering higher education and vocational training, and has established a good reputation in the industry [5] - The acquisition aims to extend the company's business into the education sector, enhancing its technical, talent, and customer resources [6] Group 5: Multi-level Partner System - The company has implemented a multi-level partner responsibility system to promote independent operations and employee participation in management [7] - This system has improved operational efficiency, reduced costs, and attracted talent, enhancing the company's competitive edge [7] Group 6: Investor Relations Activity - The investor relations activity was conducted on November 16, 2019, at Wenjin International Hotel, with no significant undisclosed information leakage [8] - The activity was led by the chairman and the board secretary, adhering to relevant regulations and procedures [8]

Financial Performance - The company's revenue for Q3 2022 was ¥230,204,164.51, a decrease of 36.93% compared to the same period last year[5] - Total operating revenue for Q3 2022 was ¥735,984,171.39, a decrease of 20.4% compared to ¥924,236,335.31 in Q3 2021[17] - The total revenue from sales of goods and services decreased by 33.52% to CNY 769,597,557.93 compared to the previous period[9] - Net profit attributable to shareholders was ¥5,828,955.29, an increase of 127.07% year-on-year, while the net profit after deducting non-recurring gains and losses was -¥3,240,642.53, an increase of 88.52%[5] - The net profit attributable to the parent company was CNY -11,900,492.48, a 70.54% improvement from CNY -40,399,656.66 in the previous period[9] - Operating profit improved by 80.77% to CNY -5,907,783.72, primarily due to a reduction in period expenses[9] - The total comprehensive loss for Q3 2022 was ¥11,900,347.19, compared to a loss of ¥45,404,837.42 in Q3 2021, showing a significant reduction in losses[19] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,742,543,331.08, a decrease of 6.61% from the end of the previous year[5] - The company's total assets decreased to ¥2,742,543,331.08 from ¥2,936,546,067.80 year-over-year, a decline of 6.6%[16] - Total liabilities decreased to ¥592,897,034.31 from ¥774,999,423.84, reflecting a reduction of 23.4%[16] - The company's equity attributable to shareholders was ¥2,149,595,983.84, slightly down from ¥2,161,496,476.32[16] - Total current assets decreased from CNY 1,906,807,510.35 on January 1, 2022, to CNY 1,349,890,672.16 by September 30, 2022, a decline of approximately 29.2%[14] Cash Flow - The company's cash flow from operating activities showed a net outflow of -¥240,992,247.65, an increase of 37.12% in outflow compared to the previous year[5] - Cash inflow from investment activities decreased by 50.64% to CNY 1,127,646,878.22, primarily due to a reduction in financial product purchases[9] - The cash outflow for financing activities decreased by 77.56% to CNY 9,520,237.25, mainly due to reduced loan repayments[10] - The cash received from tax refunds increased by 54.85% to CNY 6,845,402.09 compared to the previous period[9] - The cash paid for purchasing goods and services was CNY 799,599,010.42, a decrease of 36.6% from CNY 1,261,225,703.82 in the previous period[21] Shareholder Information - Total number of common shareholders at the end of the reporting period is 65,095[12] - The largest shareholder, Shen Za, holds 14.93% of shares, totaling 50,392,918 shares, with 9,360,000 shares pledged[12] Other Income and Expenses - Non-operating income from government subsidies increased to ¥6,629,517.41, up from ¥7,784,526.85 year-to-date[6] - The company reported a significant increase in other income by 72.85%, amounting to ¥8,064,937.63, attributed to increased government subsidies related to income[8] - Research and development expenses for Q3 2022 were ¥117,697,199.75, a slight decrease from ¥119,681,620.53 in Q3 2021[17] Market Strategy - The company is focusing on expanding its market presence and developing new technologies[12] - The company has not disclosed any significant mergers or acquisitions during the reporting period[12]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥505,780,006.88, a decrease of 9.56% compared to ¥559,240,479.91 in the same period last year[25]. - The net loss attributable to shareholders was ¥17,729,447.77, showing an improvement of 6.04% from a loss of ¥18,868,797.67 in the previous year[25]. - The net cash flow from operating activities improved by 20.66%, amounting to -¥291,780,028.54 compared to -¥367,766,091.52 in the same period last year[25]. - The total assets at the end of the reporting period were ¥2,723,606,131.03, a decrease of 7.25% from ¥2,936,546,067.80 at the end of the previous year[25]. - The company's basic and diluted earnings per share were both -¥0.05, an improvement of 16.67% from -¥0.06 in the same period last year[25]. - The net asset attributable to shareholders was ¥2,143,767,028.55, a slight decrease of 0.82% from ¥2,161,496,476.32 at the end of the previous year[25]. - The company reported a significant reduction in financial expenses, decreasing by 586.36% to -¥860,211.29, primarily due to lower borrowing costs[43]. - The company reported a net profit of 5,850,152 yuan for the first half of 2022, with an operating income of 2,748,114 yuan[68]. - The company reported a total comprehensive loss of -10,260,719.57 CNY, compared to -18,087,693.39 CNY in the same period last year, reflecting a 43.5% reduction in comprehensive losses[149]. Revenue and Cost Analysis - Operating costs decreased by 11.51% to ¥399,602,930.50 from ¥451,573,071.67, contributing to improved cost efficiency[43]. - The financial sector contributed ¥271,532,710.65, accounting for 53.69% of total revenue, with a year-on-year increase of 4.59%[44]. - Revenue from government and public services surged by 50.80% to ¥105,461,853.25, reflecting strong demand in this segment[44]. - Revenue from enterprise services dropped by 43.93% to ¥128,785,442.98, indicating challenges in this market[44]. - Total operating revenue for the first half of 2022 was CNY 505.78 million, a decrease of 9.5% compared to CNY 559.24 million in the same period of 2021[144]. - Total operating costs decreased to CNY 545.97 million, down 10.6% from CNY 610.99 million year-on-year[144]. Investment and R&D - Research and development investment increased by 6.33% to ¥82,069,046.36, indicating a focus on innovation and technology[43]. - The company is investing 500 million yuan in research and development for new technologies and services[60]. - The company has developed the "Zhongke Jincai BaaS" service system, enhancing its capabilities in blockchain technology since its establishment in 2016[35]. - The company is actively exploring the integration of privacy computing with blockchain technology to create comprehensive data solutions[35]. Market and Business Strategy - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company plans to accelerate exploration of new business directions, including central bank digital currency and blockchain, while maintaining stability in traditional business areas[34]. - The company is expanding its digital RMB business by increasing cooperation with banks and enhancing the functionality of the Zhongke digital wallet[36]. - The company is exploring potential acquisitions to enhance its service offerings, with a budget of 200 million yuan allocated for this purpose[60]. - The company has initiated a new marketing strategy focusing on digital channels, aiming to increase brand awareness by 30%[60]. - The company is focused on sustainable development and enhancing shareholder value in the long term[87]. Risk Management - The company faces risks including market competition, technology, human resources, and policy risks, which are detailed in the management discussion section[5]. - The company acknowledges industry technology risks and intends to increase investment in R&D and enhance its technology development system[72]. - The company faces market competition risks and plans to accelerate business layout and market expansion to mitigate these risks[71]. Shareholder and Corporate Governance - The company emphasizes the protection of shareholder and creditor rights through strict adherence to laws and regulations[82]. - The company held two shareholder meetings in the first half of 2022, with investor participation rates of 17.38% and 17.12%[76]. - The company has maintained a good credit status, with no significant debts overdue during the reporting period[98]. - The company has not engaged in any related party transactions during the reporting period, ensuring transparency[99]. Compliance and Certifications - The company has obtained multiple certifications, including ISO9001 and CMMI Level 5, enhancing its product and service quality[85]. - The company has not made any significant changes to its accounting policies or financial reporting standards during the reporting period[26]. - The company adheres to the Chinese Accounting Standards, ensuring compliance and transparency in its financial reporting[175]. Asset Management - Cash and cash equivalents at the end of the reporting period amounted to ¥186,537,639, representing 6.85% of total assets, a decrease of 9.23% compared to the previous year[51]. - The total investment amount for the reporting period was ¥346,500,000, marking a 100% increase compared to the same period last year[56]. - The total amount of trust products held by the company as of June 30, 2022, is ¥499,971,366.47[70]. - The company has no significant asset management or investment plans that could lead to potential impairment[114]. Future Outlook - The company provided a performance guidance for the second half of 2022, expecting a revenue growth of 25% year-over-year[60]. - The company plans to continue expanding its market presence and investing in new technology development to enhance its competitive edge[170]. - The company has set a performance guidance for the next quarter, aiming for a revenue growth of approximately 5%[162].

Financial Performance - The company's operating revenue for 2021 was ¥1,606,094,997.41, a decrease of 8.66% compared to ¥1,758,402,676.54 in 2020[20] - The net profit attributable to shareholders was a loss of ¥92,693,694.24, representing a significant decline of 1,443.35% from a profit of ¥6,900,186.74 in the previous year[20] - The net cash flow from operating activities was negative at ¥188,140,476.25, a decrease of 692.23% compared to ¥31,768,305.49 in 2020[20] - The basic earnings per share were -¥0.27, a drop of 1,450.00% from ¥0.02 in 2020[20] - Total assets at the end of 2021 were ¥2,936,546,067.80, down 6.55% from ¥3,142,376,101.15 at the end of 2020[20] - The net assets attributable to shareholders decreased by 4.16% to ¥2,161,496,476.32 from ¥2,255,202,219.10 in 2020[20] - The company reported a significant increase in non-operating losses, with the net profit after deducting non-recurring gains and losses at -¥80,995,233.02, a 97.77% increase in losses compared to -¥40,954,647.92 in 2020[20] - The weighted average return on net assets was -4.20%, a decrease of 4.51% from 0.31% in 2020[20] - The company reported non-recurring losses totaling -¥11,698,461.22 for the year, primarily due to asset disposal losses and other non-operating expenses[26] - The company’s total revenue for 2021 was approximately ¥1,605,084,996, a significant increase from ¥1,058,403,675 in 2020, representing a year-over-year growth of 51.7%[48] Cash Flow and Investments - The net cash flow from operating activities turned positive in Q4 2021, amounting to ¥195,136,338.32, contrasting with negative cash flows in earlier quarters[25] - Investment activities generated a net cash flow of CNY 298,991,125.24, an increase of 385.02% year-on-year, primarily from the recovery of external investments[44] - Operating cash inflow decreased by 8.21% to CNY 1.93 billion in 2021, while operating cash outflow increased by 2.27% to CNY 2.12 billion, resulting in a net cash flow of -CNY 188.14 million[65] - Investment cash inflow increased by 2.71% to CNY 3.86 billion, with a net cash flow from investment activities of CNY 298.99 million, a significant increase of 385.02%[66] Revenue Breakdown - Revenue from the financial sector was CNY 722,190,166.37, accounting for 44.96% of total revenue, down 17.28% year-on-year[47] - Revenue from the financial sector was ¥722,190,166.37, down 17.28% year-over-year, while revenue from government and public services increased by 11.33% to ¥343,831,055[50] Research and Development - Research and development expenses rose by 41.73% to ¥190,216,711.47, reflecting increased investment in innovation[61] - The number of R&D personnel increased by 25.23% from 642 in 2020 to 804 in 2021, accounting for 70.90% of the total workforce[63] - R&D investment rose by 41.73% from CNY 134.21 million in 2020 to CNY 190.22 million in 2021, representing 11.84% of operating revenue[63] Strategic Initiatives - The company plans to enhance its blockchain capabilities through ongoing projects aimed at establishing a comprehensive service platform for industrial internet applications[62] - The company is actively exploring the application of central bank digital currency across various fields to facilitate digital upgrades for clients[43] - The company aims to enhance its digital wallet by integrating new functionalities related to the metaverse and digital collectibles, while expanding its application in public transport, dining, and retail sectors[94] - The company plans to accelerate the exploration of new business directions, including central bank digital currency, blockchain, and privacy computing, in line with the financial technology development plan from 2022 to 2025[91] Governance and Management - The company has established a comprehensive governance structure, ensuring compliance with laws and regulations, and promoting transparency in operations[107] - The company maintains independence from its controlling shareholder in terms of assets, personnel, finance, and operations, ensuring autonomous business capabilities[116] - The company emphasizes the importance of independent directors in its governance structure, ensuring compliance and transparency[126] - The company is committed to maintaining a diverse and skilled board to drive strategic initiatives and market expansion[126] Shareholder Engagement - The company has been actively engaging in shareholder meetings, with multiple meetings held throughout 2021[118][119] - The participation rate of investors in the first extraordinary general meeting of 2021 was 19.86%[118] - The company held a total of 23 board meetings throughout the year, with significant decisions documented in public announcements[138][139] Social Responsibility - The company donated 1 million yuan to support flood relief efforts in Henan Province in July 2021[170] - The company donated 1 million yuan to the Xi'an Red Cross for pandemic prevention efforts in December 2021[171] - The company is committed to fulfilling its social responsibilities and promoting harmonious win-win outcomes between business interests and social responsibilities[173] Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25% based on new product launches and market expansion strategies[180] - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[180] - New product lines are set to launch in Q2 2022, anticipated to generate an additional 300 million RMB in revenue[180]

Financial Performance - The company's revenue for Q1 2022 was ¥152,755,573.42, a decrease of 42.86% compared to ¥267,340,501.64 in the same period last year[3] - The net profit attributable to shareholders was a loss of ¥19,219,186.89, worsening by 13.02% from a loss of ¥17,004,622.72 in the previous year[3] - The company's operating revenue for Q1 2022 was ¥152,755,573.42, a decrease of 42.86% compared to ¥267,340,501.64 in the previous period[8] - The company reported a total profit of -¥18,861,590.09, a decline of 43.32% from -¥13,160,227.45 in the previous period[8] - Net profit for the current period is -¥19,219,155.16, compared to -¥17,004,640.29 in the previous period, indicating a worsening loss[20] Cash Flow - The net cash flow from operating activities improved to -¥150,783,991.96, a 46.71% increase compared to -¥282,950,623.24 in the same period last year[3] - Cash received from sales and services decreased by 45.99% to ¥200,643,305.47 from ¥371,503,690.71, attributed to reduced business collections[9] - Cash outflow from operating activities totaled ¥367,315,611.00, down 44.32% from ¥659,635,159.30, mainly due to decreased project stocking[9] - Cash flow from operating activities shows a net outflow of -¥150,783,991.96, an improvement from -¥282,950,623.24 in the previous period[23] - The company experienced a significant decrease in cash inflow from operating activities, totaling ¥216,531,619.04, down from ¥376,684,536.06 in the previous period[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,969,605,511.31, reflecting a 1.13% increase from ¥2,936,546,067.80 at the end of the previous year[3] - The company's current assets decreased to CNY 1,602,098,175.49 from CNY 1,906,807,510.35, reflecting a decline of approximately 15.95%[15] - The total liabilities increased to CNY 827,278,022.51 from CNY 774,999,423.84, representing a rise of about 6.71%[16] - The company's cash and cash equivalents decreased significantly from CNY 472,260,715.82 to CNY 239,450,369.55, a decline of approximately 49.32%[14] - The company's total equity decreased to CNY 2,142,327,488.80 from CNY 2,161,546,643.96, a decline of about 0.89%[17] Operating Costs and Expenses - Total operating costs decreased by 35.84% to ¥187,332,653.67 from ¥291,976,933.73, primarily due to business adjustments[8] - Financial expenses showed a significant increase of 979.00%, resulting in -¥774,491.44 due to increased interest income from bank deposits[8] - Research and development expenses increased to ¥41,877,449.19, up from ¥37,245,742.43 in the previous period, reflecting a focus on innovation[18] Investment and Income - Investment income increased by 60.01% to ¥18,322,631.98, driven by higher net profits from associated enterprises[8] - The company reported an investment income of ¥18,322,631.98, which is an increase from ¥11,451,211.02 in the previous period[18] - The cash inflow from investment activities was ¥417,567,381.00, a decrease of 42.36% compared to ¥724,399,488.49 in the previous period[9] - Investment activities resulted in a net cash outflow of -¥82,638,136.60, compared to a net inflow of ¥131,968,558.49 in the previous period[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 75,979[11] - The equity attributable to shareholders decreased by 0.89% to ¥2,142,277,289.43 from ¥2,161,496,476.32 at the end of the previous year[3]

Financial Performance - The company's operating revenue for Q3 2021 was ¥364,995,855.40, a decrease of 0.50% compared to the same period last year[3]. - The net profit attributable to shareholders was -¥21,530,858.99, representing a decline of 151.71% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥28,232,446.95, down 73.01% from the previous year[3]. - Basic and diluted earnings per share were both -¥0.06, a decrease of 100.00% compared to the same period last year[3]. - Net profit for Q3 2021 was a loss of ¥40,399,678.16, compared to a loss of ¥34,708,129.28 in the same period last year[18]. - The total comprehensive income attributable to the parent company was -45,404,812.95 CNY, compared to -32,950,402.79 CNY in the previous period, reflecting a significant decline[19]. - Basic and diluted earnings per share were both -0.12 CNY, compared to -0.10 CNY in the previous period[19]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,053,183,639.17, a decrease of 2.84% from the end of the previous year[3]. - The company's total assets as of September 30, 2021, were ¥3,053,183,639.17, down from ¥3,142,376,101.15 at the end of 2020[15]. - Current assets totaled ¥2,273,728,709.00, an increase from ¥1,708,973,457.64 at the end of 2020[13]. - The total liabilities decreased to ¥844,416,339.07 from ¥887,123,725.84, a reduction of about 4.8%[15]. - Total liabilities reached CNY 887,123,725.84, with current liabilities at CNY 885,920,025.97 and non-current liabilities at CNY 1,203,699.87[27]. - The company holds CNY 782,336,061.12 in long-term equity investments, indicating a strong investment position[26]. Cash Flow - The cash flow from operating activities was -¥383,276,814.57, down 24.92% year-to-date[3]. - Cash flow from operating activities showed a net outflow of -383,276,814.57 CNY, worsening from -306,822,098.22 CNY in the previous period[22]. - Total cash inflow from operating activities was 1,240,238,055.10 CNY, while cash outflow was 1,623,514,869.67 CNY, leading to a negative cash flow[22]. - Cash flow from investing activities generated a net inflow of 186,746,652.93 CNY, a recovery from a net outflow of -63,187,464.28 CNY in the previous period[22]. - Cash flow from financing activities resulted in a net outflow of -38,421,894.36 CNY, compared to -73,172,433.85 CNY in the previous period, indicating improved cash management[23]. Expenses and Costs - The company experienced an increase in expenses, which significantly impacted net profit[7]. - Total operating costs amounted to ¥1,013,553,972.31, up from ¥866,416,835.98 year-on-year[17]. - Research and development expenses rose to ¥119,681,620.53, compared to ¥96,917,882.78 in the previous year, reflecting a growth of approximately 23.5%[18]. - The company paid 172,713,819.92 CNY in cash to employees, up from 141,981,625.18 CNY in the previous period, indicating increased labor costs[22]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 47,495[9]. - The equity attributable to shareholders of the parent company was ¥2,208,717,165.39, down from ¥2,255,202,219.10 at the end of 2020[15]. - Shareholders' equity totaled CNY 2,255,252,375.31, with equity attributable to the parent company at CNY 2,255,202,219.10[27]. Other Information - The company reported non-recurring gains and losses totaling ¥6,701,587.96 for the current period[5]. - The company has not undergone an audit for the third quarter report[29]. - The company reported a significant increase in right-of-use assets by CNY 9,428,040.86 due to the new leasing standards[28]. - The adjustment for non-current liabilities due within one year increased by CNY 2,227,329.82 as part of the new leasing standards[28].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥559,240,479.91, representing a 31.61% increase compared to ¥424,932,462.42 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was -¥18,868,797.67, an improvement of 27.86% from -¥26,154,179.64 in the previous year[20]. - The basic and diluted earnings per share were both -¥0.06, showing a 25.00% improvement from -¥0.08 in the same period last year[20]. - The total operating revenue for the first half of 2021 reached ¥559,240,479.91, a 31.5% increase from ¥424,932,462.42 in the same period of 2020[144]. - The net loss for the first half of 2021 was ¥18,868,782.44, an improvement from a net loss of ¥26,154,254.58 in the first half of 2020[146]. - The total comprehensive loss for the first half of 2021 was -¥20,286,251.99, compared to -¥25,754,493.80 in the same period of 2020[147]. Cash Flow - The net cash flow from operating activities was -¥367,766,091.52, which is a decline of 74.28% compared to -¥211,025,099.52 in the same period last year[20]. - The net cash flow from operating activities for the first half of 2021 was -367,766,091.52 CNY, compared to -211,025,099.52 CNY in the same period of 2020, indicating a decline in operational cash flow[154]. - The net cash flow from investment activities improved by 229.51%, reaching ¥204,368,415.66, compared to -¥157,803,236.33, due to the recovery of investment funds[46]. - The net cash flow from financing activities decreased by 33.28% to -¥41,158,664.94 from -¥61,689,959.79, reflecting reduced short-term loan repayments[46]. - The company received 4,392,870.64 CNY in tax refunds in the first half of 2021, compared to 358,034.28 CNY in the same period of 2020, indicating a substantial increase[154]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,030,571,669.63, down 3.56% from ¥3,142,376,101.15 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company decreased by 0.95%, amounting to ¥2,233,835,706.48 compared to ¥2,255,202,219.10 at the end of the previous year[20]. - The company's cash and cash equivalents decreased to ¥209,446,531.20, representing 6.91% of total assets, down from 12.82% at the end of the previous year[56]. - The total liabilities decreased from CNY 887,123,725.84 to CNY 796,685,791.71, a reduction of approximately 10.21%[138]. - The company's equity attributable to shareholders decreased from CNY 2,255,202,219.10 to CNY 2,233,835,706.48, a decrease of about 0.94%[139]. Market and Industry Trends - The company is focusing on technological innovations in blockchain, privacy computing, digital currency, and open banking to support the digital economy and data sovereignty[28]. - The trend of open banking is gaining momentum, with over 30 countries adopting this model, which is expected to drive new business opportunities for the company[32]. - The digital currency initiative is progressing, with pilot programs for digital RMB being implemented in major cities, enhancing payment efficiency and privacy protection[33]. - The software and information technology services industry in China saw a revenue increase of 13.7% in 2020, reaching ¥816.16 billion, indicating strong growth potential[30]. - The demand for enterprise-level services is increasing, with a shift from consumer to business markets, creating substantial opportunities for growth in the enterprise service sector[36]. Research and Development - Research and development investment rose to ¥77,186,002.70, a 21.25% increase from ¥63,655,934.32, indicating a commitment to innovation[46]. - The company plans to enhance its technology research and development efforts to mitigate industry technology risks and improve innovation capabilities[71]. - The company has identified new technology research and development initiatives to enhance its competitive position[163]. Risks and Challenges - The company faces risks including market competition, industry technology risks, human resources risks, and policy risks, which are detailed in the management discussion section[4]. - The company is facing market competition risks and aims to accelerate business layout and market expansion to maintain growth[70]. - The company is committed to improving its talent management and training mechanisms to address human resource risks[72]. - The company is actively monitoring policy changes that may impact its business operations and industry dynamics[74]. Corporate Governance and Management - The company has experienced changes in its management team, including the appointment of a new general manager and financial director[78]. - The company has not distributed cash dividends or issued bonus shares for the reporting period[80]. - The half-year financial report has not been audited[91]. - The company confirms its ability to continue as a going concern for the next 12 months from the reporting date, with no significant doubts regarding its operational capability[177]. Social Responsibility - The company donated 1 million yuan to the Zhengzhou Red Cross for flood relief efforts in Henan Province[85]. - There were no significant environmental issues or administrative penalties reported during the reporting period[84]. - The company did not have any major litigation or arbitration matters during the reporting period[94].

Financial Performance - The company's operating revenue for Q1 2021 was ¥267,340,501.64, representing a 69.07% increase compared to ¥158,128,017.27 in the same period last year[7]. - The net profit attributable to shareholders was a loss of ¥17,004,622.72, an improvement of 16.70% from a loss of ¥20,412,813.98 in the previous year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥21,897,340.81, which is a 30.59% improvement from a loss of ¥31,549,046.95 year-over-year[7]. - The total profit (loss) for the period improved by 32.04% to ¥-13,160,227.45 from ¥-19,363,381.68, primarily due to business growth[16]. - The company reported a total comprehensive loss of CNY 17,153,235.12, compared to a loss of CNY 19,749,673.17 in the previous period, showing a narrowing of losses[46]. Cash Flow - The net cash flow from operating activities was negative at ¥282,950,623.24, a decline of 82.18% compared to negative ¥155,313,933.86 in the same period last year[7]. - The company reported a net cash outflow from operating activities of ¥282,950,623.24, worsening by 82.18% compared to ¥-155,313,933.86 in the previous period, mainly due to increased project inventory[17]. - The cash flow from financing activities showed a net outflow of -35,377,991.03, a drastic decline of 293.84% compared to the previous period, mainly due to reduced bank borrowings[18]. - The cash inflow from financing activities was 51,890,000.00, which represents a 100% decrease compared to the previous period, indicating a reduction in borrowings[18]. - The total cash inflow from investment activities was 267,078,267.68 CNY, while the cash outflow was 170,043,430.00 CNY[57]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,997,375,328.39, down 4.61% from ¥3,142,376,101.15 at the end of the previous year[7]. - The net assets attributable to shareholders decreased by 0.76% to ¥2,238,049,001.55 from ¥2,255,202,219.10 at the end of the previous year[7]. - Total liabilities decreased from ¥887,123,725.84 to ¥759,276,188.20, a reduction of approximately 14.4%[36]. - Owner's equity decreased from ¥2,255,252,375.31 to ¥2,238,099,140.19, a decline of about 0.8%[37]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 53,351[11]. - The largest shareholder, Shen Za, holds 14.93% of the shares, with a total of 50,392,918 shares, of which 19,827,599 are pledged[11]. Operational Metrics - Total operating costs increased by 52.68% to ¥291,976,933.73 from ¥191,236,902.39, primarily due to business expansion[15]. - Sales expenses rose by 33.67% to ¥12,637,397.03 from ¥9,453,928.45, driven by business growth[16]. - Research and development expenses rose to CNY 37,245,742.43 from CNY 30,898,879.77, highlighting a focus on innovation[44]. Inventory and Receivables - Cash and cash equivalents decreased by 45.46% to ¥219,671,569.07 from ¥402,805,176.91, mainly due to increased inventory for project preparation[15]. - Accounts receivable decreased by 41.55% to ¥72,985,010.38 from ¥124,869,859.37, attributed to higher project collections during the period[15]. - Inventory increased by 31.66% to ¥665,075,472.27 from ¥505,158,894.33, reflecting increased stock for project preparation[15]. Compliance and Governance - The company reported no non-compliance with external guarantees during the reporting period[28]. - There were no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[19]. - The company did not engage in derivative investments during the reporting period[23]. Future Outlook - The company is not expecting significant changes in net profit for the first half of 2021 compared to the previous year[24].

Financial Performance - The company's operating revenue for 2020 was ¥1,758,402,676.54, representing a 5.14% increase compared to ¥1,672,394,416.43 in 2019[16] - The net profit attributable to shareholders for 2020 was ¥6,900,186.74, a significant turnaround from a loss of ¥281,841,963.94 in 2019, marking a 102.45% improvement[16] - The net cash flow from operating activities was ¥31,768,305.49, compared to a negative cash flow of ¥136,562,562.86 in the previous year, indicating a 123.27% increase[16] - The basic earnings per share for 2020 was ¥0.02, recovering from a loss of ¥0.83 per share in 2019, reflecting a 103.60% improvement[16] - Total assets at the end of 2020 were ¥3,142,376,101.15, a slight decrease of 0.25% from ¥3,150,369,309.38 at the end of 2019[16] - The net assets attributable to shareholders increased to ¥2,255,202,219.10, up 0.40% from ¥2,246,128,858.35 in 2019[16] - The company reported a net profit attributable to shareholders of ¥41,608,272.50 in Q4 2020, a recovery from losses in the previous three quarters[51] - The company reported a net profit of 22.61 million yuan after deducting non-recurring gains and losses for the year 2020[141] Revenue Breakdown - Revenue from the financial sector reached ¥873,094,368.01, accounting for 49.65% of total revenue, with a significant year-on-year growth of 37.60%[50] - The government and public service sector saw a decline in revenue to ¥308,832,575.93, down 47.90% compared to ¥592,731,761.98 in 2019[50] - The enterprise sector's revenue increased by 29.51% to ¥576,475,732.60, representing 32.78% of total revenue[50] - The financial technology comprehensive service segment generated ¥886,179,296.23, a 37.71% increase from the previous year[54] - The data center comprehensive service segment's revenue decreased by 14.26% to ¥842,219,490.61, accounting for 47.90% of total revenue[54] Technological Innovation - The company has been focusing on technological innovations such as blockchain and privacy computing, aiming to enhance its service offerings[26] - The company has established a blockchain BaaS (Blockchain as a Service) platform, which is aimed at providing a high-performance, highly available, and secure foundation for blockchain commercial applications[42] - The company actively explored the research and commercial application of blockchain technology, successfully entering various sectors including industrial internet and customs[41] - The company has been focusing on privacy computing technology, aiming to develop a complete set of proprietary technologies and standards for secure multi-party data integration and computation[43] - The company will increase its technological investment in core products and services, particularly in blockchain, privacy computing, and digital transformation[105] Market Strategy and Expansion - The company continues to expand its market presence by providing integrated services to financial institutions, government, and enterprises[26] - The company is actively exploring innovative businesses such as blockchain and digital currency to enhance customer engagement and expand its service offerings[45] - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[130] - The company aims to enhance its financial technology service capabilities, focusing on open banking solutions and closely monitoring trends in digital economy and digital currency[100] Risk Management - The company faced significant risks including market competition, industry technology risks, and policy risks, which are detailed in the report[4] - The company recognizes market competition as a risk and plans to leverage its existing advantages to expand market share[110] - The company acknowledges the rapid technological changes in its industry and will enhance its R&D capabilities to keep pace with market demands[111] - The company will implement measures to address human resource risks by improving talent acquisition and retention strategies[112] Shareholder and Governance - The company has committed to maintaining the independence of its operations and management post any transactions[126] - The company emphasizes the importance of maintaining the stability of its actual control and will take necessary actions to support this[133] - The company guarantees that after the transaction, it will have independent financial departments and accounting systems, ensuring compliance with regulations and independent financial decision-making[138] - The company has committed to avoiding any business activities that may compete with its own operations, ensuring no conflicts of interest arise from related parties[137] - The company emphasizes the importance of fair pricing in related transactions to protect the interests of minority shareholders[135] Investment and Financial Commitments - The company plans to increase investment in blockchain technology to become a leading provider of blockchain services, with ongoing development of its BaaS platform[102] - The company has committed to reducing and standardizing related party transactions to protect the interests of minority shareholders[140] - The company reported a commitment to maintain independence in operations and governance post-transaction, ensuring that its assets and operations remain distinct and independent from related parties[135] - The company has established a performance compensation arrangement to ensure accountability for the financial targets set[134] Corporate Social Responsibility - The company has not initiated any targeted poverty alleviation programs during the reporting period[187] - The company and its subsidiaries are not classified as key pollutant discharge units by environmental protection authorities[188] - The company emphasizes the protection of shareholder and creditor rights, adhering to legal regulations and improving corporate governance[182] Audit and Compliance - The company has appointed Lixin Certified Public Accountants as its auditor, with an audit fee of ¥1,000,000 for the year[156] - The company has no major litigation or arbitration matters pending, with two cases concluded during the reporting period[158] - The company has not engaged in any significant related party transactions during the reporting period[163]