Financial Performance - The company's operating revenue for Q1 2021 was ¥693,428,032.13, representing a 69.52% increase compared to ¥409,063,582.85 in the same period last year[9] - Net profit attributable to shareholders for Q1 2021 was ¥52,347,969.34, up 116.57% from ¥24,171,062.51 year-on-year[9] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥46,932,036.55, reflecting a 128.50% increase from ¥20,539,172.74 in the previous year[9] - Basic earnings per share for Q1 2021 were ¥0.33, a 65.00% increase from ¥0.20 in the same period last year[9] - Total operating revenue for the first quarter of 2021 was CNY 693,428,032.13, an increase of 69.5% compared to CNY 409,063,582.85 in the same period last year[63] - Net profit for the first quarter of 2021 reached CNY 52,347,969.34, compared to CNY 24,171,062.51 in the same period last year, representing a growth of 116.5%[65] - The operating profit for the current period was ¥55,661,619.88, up from ¥30,169,465.81, indicating an increase of 84.5%[72] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,153,664,821.06, a 3.09% increase from ¥2,089,086,168.77 at the end of the previous year[9] - The company's total assets as of March 31, 2021, were CNY 2,280,906,744.26, an increase from CNY 2,220,948,426.06 at the end of 2020[58] - The company's total liabilities rose to 329,056,686.05 RMB from 316,877,263.10 RMB at the end of 2020[53] - The total liabilities as of March 31, 2021, were CNY 446,679,556.09, slightly up from CNY 441,601,455.54 at the end of 2020[61] - The company's total equity increased to CNY 1,834,227,188.17 from CNY 1,779,346,970.52 at the end of 2020[61] Cash Flow - The company reported a net cash flow from operating activities of -¥328,310,193.32, compared to -¥195,864,260.67 in the same period last year[9] - The company's cash flow from operating activities showed a robust increase, with cash paid to employees rising by 61.89% to RMB 600.23 million[26] - The net cash flow from operating activities was negative at -¥328,310,193.32, worsening from -¥195,864,260.67 in the previous period[78] - The cash flow from financing activities resulted in a net outflow of -632,976.00 CNY, compared to a net inflow of 18,430,547.09 CNY in the previous period, reflecting changes in financing strategy[85] Revenue and Costs - The company's gross profit margin improved, with operating costs rising by 61.84% to RMB 525.12 million, reflecting increased personnel costs due to business expansion[24] - Total operating costs for the first quarter of 2021 were CNY 630,863,826.55, up 65.5% from CNY 381,064,118.80 in the previous year[65] - The total operating costs increased to ¥525,758,397.12, up from ¥318,486,626.01, reflecting a rise of 65%[72] Research and Development - R&D expenses surged by 104.31% to RMB 66.29 million, reflecting the company's commitment to innovation and project implementation[26] - Research and development expenses for the first quarter of 2021 were CNY 66,287,255.85, which is double the CNY 32,443,863.92 spent in the same period last year[65] - Research and development expenses rose to ¥65,852,110.30, which is 103.3% higher than ¥32,443,863.92 in the previous period[72] Shareholder Information - The top shareholder, Lhasa Yongdao Investment Management Co., Ltd., holds 51.46% of the shares, totaling 82,682,730 shares[14] - The company has no reported violations regarding external guarantees during the reporting period[40] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[41] Government Support - The company received government subsidies amounting to ¥1,297,761.59 during the reporting period[9] Investor Relations - The company engaged in investor relations activities discussing product development, personnel growth, and industry trends[42]

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2020, representing a year-on-year growth of 15%[16] - The company reported a net profit of 200 million RMB, a 30% increase from the previous year, reflecting improved operational efficiency[16] - The company's operating revenue for 2020 was ¥2,292,568,492.70, representing a 35.90% increase compared to ¥1,686,950,304.56 in 2019[24] - The net profit attributable to shareholders for 2020 was ¥276,076,218.15, which is a 58.03% increase from ¥174,698,349.66 in 2019[24] - The basic earnings per share for 2020 was ¥1.87, up 28.97% from ¥1.45 in 2019[24] - In 2020, the company achieved operating revenue of 2.293 billion yuan, a year-on-year increase of 35.90%, and a net profit of 276 million yuan, up 58.03% year-on-year[60] - The company's revenue for 2020 reached CNY 2.29 billion, representing a year-on-year increase of 35.90%[70] - The business process outsourcing segment generated CNY 1.06 billion in revenue, up 19.20% from the previous year[70] - Revenue from customer service and digital marketing services was CNY 404.12 million, reflecting a growth of 32.09% year-on-year[70] User Growth and Market Expansion - User data showed an increase in active users by 25%, reaching 500,000 by the end of 2020[16] - Market expansion plans include entering two new provinces, aiming for a 10% market share in those regions by the end of 2021[16] - The company has established a comprehensive customer base, covering major state-owned and joint-stock commercial banks, which contributes to its sustainable development[50] - The company has a market share that continues to increase, with revenue from six major state-owned commercial banks accounting for 65.07% of total revenue in 2020[50] - The North China region contributed CNY 1.00 billion, which is 43.71% of total revenue, with a growth rate of 45.69%[70] Research and Development - The company is investing 100 million RMB in R&D for new technologies, focusing on AI and big data analytics[16] - R&D investment for 2020 amounted to CNY 192.83 million, a significant increase of 55.66% compared to the previous year[63] - The company increased its R&D personnel to 1,056 in 2020, a 49.36% increase from 707 in 2019[101] - The proportion of R&D investment to operating revenue rose to 8.41% in 2020 from 7.34% in 2019, an increase of 1.07%[101] - The company has developed a range of software products and solutions, including centralized operation systems and risk monitoring systems, leveraging technologies like big data and machine learning[38] Strategic Initiatives - The company provided a revenue guidance for 2021, expecting a growth rate of 20% compared to 2020[16] - New product launches included a cloud-based service platform, which is projected to contribute an additional 200 million RMB in revenue in 2021[16] - The company is considering strategic acquisitions to enhance its service offerings, with a budget of 300 million RMB allocated for potential deals[16] - The company plans to enhance its customer service capabilities by implementing a new CRM system, with an investment of 50 million RMB[16] - The company is actively expanding its services to small and medium-sized banks and non-financial institutions, leveraging its experience with large banks[52] Financial Position and Cash Flow - The net cash flow from operating activities for 2020 was ¥55,374,322.90, a significant decrease of 69.97% compared to ¥184,396,397.44 in 2019[24] - The company's cash and cash equivalents increased by 69.92% compared to the beginning of the period, primarily due to funds raised from the initial public offering[44] - The company raised a total of ¥925,516,800.00 from its initial public offering, with a net amount of ¥865,550,099.64 after deducting issuance costs[126] - The company reported a financial expense reduction of 124.44%, resulting in a financial income of -¥1,488,893.83, attributed to decreased borrowing and increased interest income[84] - The net increase in cash and cash equivalents was ¥255,341,081.18 in 2020, a 70.91% increase from ¥149,399,894.30 in 2019[105] Profit Distribution and Shareholder Returns - The company plans to distribute a cash dividend of RMB 2.00 per 10 shares (including tax) based on a total of 160,662,382 shares, along with a capital reserve increase of 4 shares for every 10 shares held[161] - In 2020, the total cash dividend amounted to RMB 32,132,476.40, representing 11.64% of the net profit attributable to ordinary shareholders, which was RMB 276,076,218.15[157] - The total distributable profit as of December 31, 2020, was RMB 498,889,307.10, with cash dividends accounting for 100% of the total profit distribution[162] - The company has committed to maintaining a minimum cash dividend ratio of 20% during its growth phase with significant capital expenditure plans[161] - The company has a long-term commitment to fulfilling its public promises regarding its initial public offering[179] Risk Management and Compliance - The company is committed to improving internal controls and management systems to adapt to rapid business growth and ensure efficient operations[144] - The company has established a comprehensive human resource management system to address the risk of insufficient manpower, ensuring efficient operations across its extensive service network[146] - The company faces risks related to uneven business volume and cash collection, particularly influenced by seasonal fluctuations in bank operations, leading to financial performance volatility throughout the year[143] - The company has confirmed that all IPO application documents have been reviewed and contain no false statements or omissions[176] - The company has established a long-term commitment to comply with regulations and ensure the protection of investor rights[176]

Financial Performance - Operating revenue for the quarter was ¥617,400,760.42, representing a year-on-year increase of 39.40%[8] - Net profit attributable to shareholders was ¥91,713,513.10, up 39.14% from the same period last year[8] - The net profit after deducting non-recurring gains and losses was ¥87,936,195.78, reflecting a 37.35% increase year-on-year[8] - Basic earnings per share for the quarter were ¥0.57, a 3.64% increase compared to the previous quarter[8] - The company achieved a revenue of 1.584 billion CNY in the first three quarters of 2020, representing a year-on-year growth of 33.88%[22] - The net profit for the first three quarters was 184 million CNY, reflecting a significant year-on-year growth of 55.57%[26] - Operating revenue for the first nine months of 2020 reached CNY 1,584,106,592.12, a 33.88% increase compared to CNY 1,183,249,582.34 in the same period of 2019[30] - Net profit for the period increased to CNY 434,916,562.96, reflecting a 73.40% growth from CNY 250,818,740.98 year-on-year[30] - The company's operating revenue for the current period reached ¥1,585,293,027.44, a 34% increase from ¥1,184,147,143.18 in the previous period[81] - Net profit for the current period was ¥185,680,446.57, representing a 55% increase compared to ¥119,527,843.21 in the previous period[83] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,871,192,504.21, an increase of 110.20% compared to the end of the previous year[8] - The total amount of funds raised from the IPO was CNY 925,516,800.00, with a net amount of CNY 865,550,099.64 after deducting issuance costs[32] - The total assets of the company amounted to CNY 983,540,318.29, with current assets at CNY 833,728,257.34 and non-current assets at CNY 149,812,060.95[100] - The total liabilities of the company were CNY 349,992,577.54, with current liabilities at CNY 348,113,202.03 and non-current liabilities at CNY 1,879,375.51[102] - The total equity attributable to shareholders was CNY 633,547,740.75, including undistributed profits of CNY 253,976,503.68 and surplus reserves of CNY 35,395,514.95[102] Cash Flow - The company reported a net cash flow from operating activities of -¥81,709,032.72, indicating a significant improvement from -¥326,486,557.46 in the previous year[8] - Cash flow from operating activities showed a net outflow of CNY -326,486,557.46, worsening from CNY -201,454,553.03 in the previous year, attributed to business expansion[30] - The net cash flow from operating activities was -327,625,164.25, compared to -201,233,122.63 in the previous period, indicating a decline in operational cash flow[91] - Cash inflow from investment activities totaled ¥972,699,225.98, compared to ¥912,561,086.23 in the previous period[89] - The net cash flow from investment activities was -586,751,368.06, significantly worse than -27,042,040.68 in the previous period[91] - Financing activities generated a net cash inflow of ¥816,372,273.62, significantly higher than the previous period's inflow of ¥83,338,542.75[89] Research and Development - The company plans to continue enhancing its R&D investments, particularly in big data and machine learning technologies[26] - Research and development expenses rose to CNY 127,942,148.17, marking a 49.00% increase from CNY 85,865,375.09, indicating a strong focus on innovation[30] - Research and development expenses for the current period were ¥52,601,245.21, compared to ¥32,936,867.71 in the previous period, reflecting a 59.8% increase[61] - Research and development expenses increased to ¥126,704,701.10, up 47% from ¥85,865,375.09 in the previous period[81] Shareholder Information - The top shareholder, Lhasa Yongdao Investment Management Co., Ltd., holds 51.46% of the shares, totaling 82,682,730 shares[14] - The company did not engage in any repurchase transactions during the reporting period[19] Operational Highlights - The company added 62 new corporate clients, bringing the total to 245 active corporate clients[23] - The company is focusing on expanding its client base beyond large state-owned banks to include small and medium-sized banks and non-financial sectors[23] - The company has been actively responding to the impact of the pandemic on its operations, with measures in place to adapt to changing market conditions[44]

Financial Performance - The company reported a total revenue of 500 million RMB for the first half of 2020, representing a year-on-year increase of 15%[20] - The net profit attributable to shareholders was 80 million RMB, an increase of 10% compared to the same period last year[20] - The company's operating revenue for the reporting period was ¥966,705,831.70, representing a 30.58% increase compared to ¥740,339,250.41 in the same period last year[27] - The net profit attributable to shareholders was ¥92,384,308.88, up 76.22% from ¥52,425,695.80 year-on-year[27] - The basic earnings per share increased by 56.82% to ¥0.69 from ¥0.44 in the previous year[27] - In the first half of 2020, the company achieved operating revenue of CNY 966.71 million, a year-on-year increase of 30.58%[76] - The net profit for the same period was CNY 92.38 million, representing a year-on-year growth of 76.22%[72] - The company's information technology service business generated revenue of CNY 474 million, up 42.16% year-on-year[72] - The business process outsourcing (BPO) segment reported revenue of CNY 493 million, a year-on-year increase of 21.08%[74] User Growth and Market Expansion - User data showed a growth of 25% in active users, reaching 1.5 million by the end of June 2020[20] - Future outlook indicates a projected revenue growth of 20% for the second half of 2020, driven by market expansion strategies[20] - The company has established partnerships with three major banks to expand its service offerings and customer base[20] - The company has a nationwide service network with over 1,000 service centers across 31 provinces, enhancing its ability to deliver services efficiently[59] Research and Development - The company plans to invest 100 million RMB in R&D for new product development in the next fiscal year[20] - Research and development expenses increased by 42.34% to ¥75,340,902.96, driven by a focus on technological upgrades and rising labor costs[80] Risk Management - The company has identified key risk factors, including market competition and regulatory changes, and has developed strategies to mitigate these risks[20] - The company faces market competition risks as the financial outsourcing market continues to grow, leading to increased competition from existing and new entrants[126] - Rapid business growth poses management risks, requiring enhancements in internal controls and management systems to ensure sustainable operations[128] - The company has a robust risk control system in place to comply with external regulatory standards, particularly in the financial sector[133] Cash Flow and Financial Position - The company reported a net cash flow from operating activities of -¥244,777,524.74, compared to -¥209,292,628.64 in the previous year[27] - The company reported a net increase in cash and cash equivalents of ¥567,430,162.69, mainly from increased cash inflows from financing activities[80] - Cash and cash equivalents increased to CNY 931,862,488.87, making up 50.43% of total assets, a significant rise from 8.82% in the previous year[91] - Accounts receivable increased by 105.54% compared to the beginning of the period, driven by business expansion and changes in revenue recognition standards[52] Business Operations - The company is focused on providing IT services and business process outsourcing primarily to financial institutions, with a strong emphasis on software development and testing[40] - The demand for IT services in the banking sector is expected to reach a new peak due to trends such as financial new infrastructure and information application innovation[40] - The company has seen rapid growth in software development and testing services, particularly from large state-owned and joint-stock commercial banks[43] - The company aims to enhance customer satisfaction and expand new business through IT operation and support services[44] - The company's cash business services include cash sorting, cash distribution at branches, cash collection, and cash management, aimed at improving cash handling efficiency and reducing operational costs for clients[50] Shareholder Information - The company completed its initial public offering of 40,170,000 shares at a price of 23.04 RMB per share, increasing total shares from 120,492,382 to 160,662,382[174] - The proportion of limited sale condition shares after the issuance is 75.00%, while unrestricted shares account for 25.00% of the total[171] - The company's major shareholders include Yongdao Investment and Tianjin Hedao, holding 51.46% and 6.81% of the total shares respectively[178] - The top shareholder, Yongdao Investment, holds 51.46% of the shares, totaling 82,682,730 shares[179] - The second-largest shareholder, Tianjin Heda, owns 6.81% with 10,941,540 shares[179] Employee and Talent Management - The company has a workforce of over 20,000 employees distributed across more than 1,000 financial institutions nationwide, indicating a large operational scale[134] - The company has established a comprehensive human resources management system to ensure efficient operations and stable development[135] - The company is actively recruiting high-end talent to meet the increasing demand for specialized personnel in the competitive market[136] Corporate Governance - The company has not experienced any major litigation or arbitration matters during the reporting period[146] - The company has not engaged in any significant related party transactions during the reporting period[149] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[156] - The company has a plan for employee stock ownership, requiring employees to serve for five years to retain their granted shares[148]