Financial Performance - The company's revenue for Q3 2022 reached ¥978,296,883.59, an increase of 24.35% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥83,344,925.68, reflecting a growth of 29.88% year-over-year[5]. - The net profit after deducting non-recurring gains and losses was ¥78,270,099.98, up by 33.96% compared to the previous year[5]. - The company's basic earnings per share for Q3 2022 was ¥0.26, a rise of 30.00% year-over-year[5]. - The total comprehensive income attributable to the parent company for Q3 2022 was approximately ¥188.35 million, compared to ¥186.41 million in Q3 2021, reflecting a slight increase of 1.01%[30]. - Basic and diluted earnings per share for Q3 2022 were both ¥0.60, up from ¥0.59 in the same period last year, indicating a growth of 1.69%[30]. Assets and Liabilities - Total assets at the end of Q3 2022 amounted to ¥2,715,350,259.62, representing a 12.29% increase from the end of the previous year[5]. - The company's total liabilities reached ¥580,976,584.59, up from ¥445,109,487.55, marking a 30.5% increase[24]. - The equity attributable to shareholders of the parent company was ¥2,134,373,675.03, an increase of 8.3% from ¥1,970,767,997.79[24]. - Current assets totaled ¥2,592,885,572.26, an increase of 13.4% from ¥2,285,050,731.90 at the start of the year[24]. - Cash and cash equivalents decreased to ¥190,893,896.63 from ¥861,204,966.09, a decline of 77.9%[24]. Cash Flow - The company recorded a net cash flow from operating activities of -¥680,331,270.64 for the year-to-date, indicating a need for improved cash management[5]. - Cash inflow from operating activities for the period was approximately ¥2.03 billion, an increase of 19.19% from ¥1.70 billion in the previous year[31]. - The net cash flow from operating activities was negative at approximately -¥680.33 million, worsening from -¥554.54 million in Q3 2021[34]. - The company reported a total cash outflow from operating activities of approximately ¥2.71 billion, compared to ¥2.26 billion in the previous year, representing an increase of 20.03%[34]. - Cash inflow from investment activities totaled approximately ¥2.35 billion, down 30.67% from ¥3.40 billion in the previous year[34]. Revenue Segmentation - The information technology services segment generated revenue of 621 million RMB, growing 29.23% year-over-year, accounting for 63.46% of total revenue[17]. - The software products and solutions line achieved revenue of 219 million RMB, a significant increase of 55.45% year-over-year[17]. - The business process outsourcing segment reported revenue of 357 million RMB, a year-over-year increase of 16.71%[17]. - For the first three quarters of 2022, total revenue reached 2.707 billion RMB, a year-over-year increase of 21.77%[17]. Operational Highlights - The company added 10 new corporate clients in the quarter, including 3 small and medium-sized banks and 5 non-bank financial institutions[17]. - The information technology services segment's contract value in execution was 5.845 billion RMB, up 22.69% year-over-year[18]. - The company increased its IT personnel by 1,179 in the first three quarters of 2022[18]. - The company is focused on financial digital transformation and has completed compatibility work with major domestic software and hardware vendors[18]. Costs and Expenses - Total operating costs amounted to ¥2,500,386,869.76, up 23.4% from ¥2,025,721,699.19 year-over-year[28]. - Research and development expenses increased to ¥246,769,701.68, representing a rise of 24.1% compared to ¥198,826,540.41 in the previous year[28]. Reporting and Audit - The company did not conduct an audit for the Q3 report[35]. - The report was released by the board of directors on October 28, 2022[36].

Financial Performance - The company reported a total revenue of 500 million CNY for the first half of 2022, representing a year-on-year increase of 15%[21] - The company has set a revenue guidance of 1.2 billion CNY for the full year 2022, indicating a growth target of 10%[21] - The company achieved operating revenue of ¥1,728,606,353.52, representing a year-on-year increase of 20.35%[29] - The company reported a weighted average return on equity of 5.20%, down 1.49 percentage points from the previous year[29] - The company’s cash flow from operating activities showed a net outflow of ¥543,764,692.38, indicating challenges in cash generation[29] - The company reported a total cash inflow from financing activities of ¥198,534,702.05, a 144.86% increase compared to ¥81,081,436.65 in the previous period[67] - The company reported a total of 1,219,139,825.69 CNY in accounts receivable as of June 30, 2022, compared to 772,554,314.80 CNY at the beginning of the year, indicating a significant increase[185] - The company's cash and cash equivalents decreased to 764,040,748.28 CNY from 861,204,966.09 CNY at the start of the year, reflecting a decline of approximately 11.3%[185] User Growth and Market Expansion - User data showed an increase in active users by 20% compared to the same period last year, reaching 1.2 million active users[21] - Market expansion efforts have led to a 25% increase in market share in the northern region of China[21] - A strategic partnership with a leading bank is expected to generate an additional 100 million CNY in revenue over the next year[21] - The company has accumulated over 400 clients, with more than 350 being financial institutions, establishing a strong foundation for sustainable development[57] Product Development and R&D - New product launches contributed to 30% of total revenue, with significant demand in the financial technology sector[21] - The company is investing 50 million CNY in R&D for new technologies aimed at enhancing service efficiency and security[21] - Research and development expenses for the first half of 2022 amounted to 161 million CNY, representing 9.31% of total revenue, with a year-on-year growth of 21.58%[51] - The company plans to continue increasing R&D investment in areas such as big data, cloud computing, artificial intelligence, and blockchain, aiming to enhance its product line and market competitiveness[98] Financial Health and Risks - The company has identified key risk factors including market competition and regulatory changes, with strategies in place to mitigate these risks[21] - The company experienced a significant increase in credit impairment losses, amounting to -¥30,263,099.14, due to longer collection cycles and increased accounts receivable[64] - The company is facing risks related to human resource shortages and rising labor costs, necessitating competitive salary offerings to attract and retain talent[103] Operational Efficiency - The company has maintained a stable business model with over 60% of its revenue coming from the six major state-owned banks[41] - The gross margin for the information technology service segment in Q2 2022 recovered to 30.06%, surpassing the same period last year[53] - Operating costs increased by 23.45% to ¥1,340,639,856.23, primarily due to rising labor costs associated with increased business volume[64] - The company has implemented measures to manage accounts receivable effectively, including client credit assessments and ongoing monitoring of payment situations[108] Strategic Initiatives - The company is exploring potential mergers and acquisitions to enhance its service offerings and market presence[21] - The company aims to deepen cooperation with major state-owned and joint-stock commercial banks, while expanding its services to small and medium-sized banks, targeting a larger market share in the IT investment wave in the banking sector over the next 3-5 years[99] - The company is transitioning from traditional IT services to software products and solutions, aiming to create a second growth curve and achieve high-quality growth in revenue and net profit[99] Shareholder and Governance - No cash dividends will be distributed to shareholders for this reporting period, as the company focuses on reinvestment for growth[21] - The company emphasizes the protection of shareholder rights and has established a sound governance structure to ensure fair treatment of all shareholders[119] - The company has not engaged in any significant related party transactions during the reporting period[133] Assets and Liabilities - The company's total assets increased by 12.54% to ¥2,721,416,241.31 at the end of the reporting period[29] - Total liabilities increased to CNY 668,091,667.89 from CNY 445,109,487.55, showing a growth of around 50%[191] - Cash and cash equivalents at the end of the reporting period amounted to ¥764,040,748.28, accounting for 28.08% of total assets, a decrease of 7.53%[76] Employee and Workforce - The company added 635 employees in the first half of 2022, increasing the workforce in the information technology service segment to 9,117[53] - The company plans to expand its office space and adjust leasing strategies to accommodate rapid business growth and personnel increases[105]

Dividend and Shareholder Engagement - The company plans to distribute a cash dividend of 1.10 yuan (including tax) for every 10 shares, with a total of 224,927,334 shares eligible for the dividend[8]. - The board of directors has approved a plan to increase the share capital by 40% through a bonus share issue[4]. - Shareholder engagement remains strong, with a participation rate of 70.6% in the recent annual general meeting[180]. - The company has initiated a stock dividend distribution, with a plan to issue 4 additional shares for every 10 shares held, effective from the 2020 fiscal year[184]. Financial Performance - The company reported a net profit margin of 12% for the fiscal year, reflecting a 3% increase compared to the previous year[3]. - Total revenue for the year reached 1.5 billion yuan, marking a 10% increase from the previous year[3]. - The net profit attributable to shareholders for 2021 was ¥230,606,135.19, a decrease of 16.47% compared to ¥276,076,218.15 in 2020[33]. - The company's operating revenue for 2021 was ¥3,054,262,228.65, representing a 33.22% increase from ¥2,292,568,492.70 in 2020[33]. - The company reported a significant increase in revenue, achieving a total of 42 million in the latest fiscal year, reflecting a growth of 15% year-over-year[198]. - The company reported a total revenue of 904,077 thousand for the current period, with a significant increase in user data and engagement metrics[184]. User Growth and Market Expansion - The company reported a significant increase in user data, with a year-over-year growth of 25% in active users[3]. - User data showed an increase in active users by 15% compared to the previous quarter, reaching a total of 1.5 million active users[172]. - The company plans to expand its market presence and is focusing on new product development, aiming for a 20% increase in product offerings by the next fiscal year[186]. - Market expansion efforts include entering two new provinces, aiming for a 20% increase in market share within the next year[3]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[199]. Research and Development - The company is investing in R&D for new technologies, with an allocation of 10 million yuan for the development of AI-driven solutions[3]. - The company’s R&D investment in the past three years has a compound annual growth rate of 53.03%, with 10 new patent applications and 6 patents granted[65]. - In 2021, the company’s R&D expenses were 281 million yuan, accounting for 9.20% of revenue, with a year-on-year increase of 45.69%[80]. - The company is investing in R&D, with a budget increase of 30% for new technology development in 2022[172]. - The company plans to increase R&D investment in areas such as big data, cloud computing, artificial intelligence, and blockchain, aiming to enhance its product offerings and market competitiveness[151]. Strategic Acquisitions and Partnerships - The company has completed a strategic acquisition of a tech startup for 50 million yuan to enhance its service offerings[3]. - The company is considering strategic acquisitions to enhance its product offerings, with a budget of $50 million allocated for potential mergers[172]. - A strategic acquisition is in progress, with the company aiming to acquire a competitor valued at approximately 15 million to enhance its product offerings[199]. - The company is exploring partnerships with local firms to enhance distribution channels, aiming for a 40% increase in distribution efficiency[199]. Risk Management and Challenges - The company has identified potential risks related to market competition and regulatory changes, with strategies in place to mitigate these risks[4]. - The company faces risks related to client concentration, with a significant portion of revenue coming from state-owned banks, and plans to mitigate this by expanding into non-bank financial and other sectors[156]. - The company is addressing the risk of uneven business volume and payment collection by establishing good relationships with banks and optimizing fund usage based on historical performance[157]. - The company has faced risks related to the slow implementation of fundraising projects due to changes in the office building supply and demand caused by the COVID-19 pandemic[162]. Operational Efficiency and Cost Management - The company's operating costs rose by 41.31% year-on-year, which outpaced the revenue growth, leading to a decline in net profit[83]. - The company reported a total of 726,484 thousand in operational costs, indicating a focus on cost management strategies[184]. - The company aims to enhance its gross margin by increasing productization, transforming its business structure, and improving per capita efficiency[83]. - The company is actively recruiting talent to meet the rising demand in the IT industry, particularly for mid-to-high-end technical personnel[83]. Future Outlook - Future outlook indicates a projected revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion strategies[3]. - The company provided a positive outlook for the upcoming year, projecting a revenue growth of 25% for 2022[172]. - The company anticipates sustained demand growth in the next 3-5 years due to digital transformation and the promotion of digital currency, aiming for high-quality growth in revenue and net profit[155].

Financial Performance - The company's operating revenue for Q1 2022 was ¥832,942,058.80, representing a 20.12% increase compared to ¥693,428,032.13 in the same period last year[6] - Net profit attributable to shareholders for Q1 2022 was ¥24,253,455.71, a decrease of 53.67% from ¥52,347,969.34 in Q1 2021[6] - Basic earnings per share for Q1 2022 were ¥0.11, down 54.17% from ¥0.24 in the same quarter last year[6] - Total operating revenue for the current period reached ¥832,942,058.80, an increase of 20.2% compared to ¥693,428,032.13 in the previous period[19] - Net profit for the current period was ¥24,174,839.12, a decrease of 53.8% from ¥52,347,969.34 in the previous period[21] - The total comprehensive income for the current period was ¥24,174,839.12, down from ¥52,347,969.34 in the previous period[21] Cash Flow and Assets - The net cash flow from operating activities was -¥432,606,249.23, compared to -¥328,310,193.32 in the previous year, indicating a worsening cash flow situation[6] - Cash and cash equivalents at the end of the period totaled ¥526,612,768.53, down from ¥613,645,243.72 in the previous period[23] - The company generated ¥1,962,238,859.29 in cash inflows from operating activities, significantly higher than ¥346,783,789.26 in the previous period[22] - Total assets at the end of Q1 2022 were ¥2,533,795,580.61, reflecting a 4.78% increase from ¥2,418,254,399.13 at the end of the previous year[6] - The total liabilities amounted to RMB 536 million, up from RMB 445 million at the start of the year[17] Operational Highlights - Accounts receivable increased by 42.31% to ¥1,099,413,790.02, attributed to longer collection cycles in the information technology service sector[8] - The company reported a significant increase in accounts payable by 846.59% to ¥26,819,865.51 due to new large procurement contracts[8] - The company added 7 new corporate clients in Q1 2022[11] - As of the end of March, the company had signed contracts worth RMB 4.573 billion in information technology services, with some contracts spanning two to three years[13] Segment Performance - The information technology services segment generated revenue of RMB 516 million, up 28.84% year-on-year, accounting for 61.94% of total revenue[11] - The software products and solutions contributed RMB 147 million to revenue, making up 17.67% of total revenue[11] - The business process outsourcing segment reported revenue of RMB 317 million, reflecting an 8.2% year-on-year increase[11] Costs and Expenses - Total operating costs amounted to ¥796,635,614.92, up 26.3% from ¥630,863,826.55 in the prior period[19] - Research and development expenses increased to ¥79,607,697.77, compared to ¥66,287,255.85 in the prior period, reflecting a growth of 19.9%[19] Impact of External Factors - The company’s net profit for Q1 2022 was impacted by the pandemic, leading to project delays and fixed labor costs[8] - The company reported a decrease in net profit due to the impact of COVID-19 on project operations and rising labor costs[13] Government Support - The company received government subsidies amounting to ¥560,995.97, which are closely related to its normal business operations[6] Future Outlook - The company plans to optimize its business structure and enhance product standardization to capture growth opportunities in the digital transformation and financial technology sectors[13]

Financial Performance - The company's operating revenue for Q3 2021 was ¥786,701,938.43, representing a year-on-year increase of 27.42%[5] - The net profit attributable to shareholders for Q3 2021 was ¥64,168,738.18, a decrease of 30.03% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥58,427,974.29, down 33.56% year-on-year[5] - The basic earnings per share for Q3 2021 was ¥0.29, a decline of 29.27% compared to the previous year[5] - Total revenue for the third quarter reached ¥2,025,721,699.19, an increase from ¥1,378,808,422.95 in the previous year, reflecting a growth of approximately 46.7%[21] - Operating profit for the quarter was ¥185,450,867.03, compared to ¥195,795,750.39 in the same period last year, indicating a decrease of about 5.4%[21] - Net profit attributable to the parent company was ¥186,412,948.90, up from ¥184,097,821.98, showing a slight increase of approximately 1.3%[21] Assets and Liabilities - The total assets at the end of Q3 2021 amounted to ¥2,374,493,095.65, an increase of 13.66% from the end of the previous year[5] - The total assets of the company as of September 30, 2021, amounted to CNY 2.37 billion, compared to CNY 2.09 billion at the end of 2020[18] - The company's total liabilities increased to CNY 445 million, up from CNY 316 million in the previous year[20] - The total liabilities reached 316,877,263.10 CNY, down from 328,856,652.92 CNY, indicating a reduction of 11,979,389.82 CNY[28] - The company reported a total equity attributable to shareholders of 1,772,208,905.67 CNY, remaining unchanged from the previous period[30] Cash Flow - The company's cash flow from operating activities was negative at -¥554,536,584.89 for the year-to-date period[5] - Cash flow from operating activities showed a net outflow of ¥554,536,584.89, worsening from a net outflow of ¥326,486,557.46 in the previous year[24] - Cash inflow from investment activities was ¥3,403,569,638.08, compared to ¥972,699,225.98 in the previous year, indicating a substantial increase[24] - Cash outflow from investment activities totaled ¥3,070,960,929.82, up from ¥1,560,483,814.04, reflecting a rise of approximately 96.7%[24] - Cash flow from financing activities included cash received from borrowings of ¥130,000,000.00, an increase from ¥20,000,000.00 in the previous year[24] - The net cash flow from financing activities was 95,350,967.41 CNY, a significant decrease from 816,372,273.62 CNY in the previous period[26] - The cash and cash equivalents at the end of the period were 491,107,536.14 CNY, down from 617,684,445.36 CNY, reflecting a decrease of 126,576,909.22 CNY[26] - The cash outflow for financing activities totaled 38,762,436.10 CNY, compared to 86,620,149.02 CNY in the previous period[26] Revenue Segments - The company's revenue growth was significantly driven by the digital transformation across the industry, with information technology services revenue increasing by 60.77% year-on-year[8] - The information technology services segment experienced rapid growth, generating CNY 1.32 billion in revenue, up 60.77% year-on-year, accounting for 59.35% of total revenue[15] - Revenue from state-owned commercial banks increased by 40.54% year-on-year, making up 64.64% of total revenue[15] - The software products and solutions segment generated CNY 364 million in revenue, reflecting a year-on-year growth of 76.2%[15] - The company reported a significant increase in sales revenue from services, totaling ¥1,658,178,133.01, compared to ¥1,149,682,431.01 in the previous year, marking a growth of about 44.3%[24] Research and Development - Research and development expenses reached CNY 199 million, accounting for 8.94% of total revenue, with a year-on-year increase of 55.40%[15] - Research and development expenses amounted to ¥198,826,540.41, which is a significant increase from ¥127,942,148.17, representing a growth of about 55.4%[21] - The company has over 8,100 R&D and technical personnel, with an increasing proportion of mid-to-high-end talent[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,711[11] - The company has a total of 199,560,407.57 CNY in payable employee compensation, remaining consistent with the previous reporting period[28] Audit Status - The company has not undergone an audit for the third quarter report, indicating that the figures are unaudited[30]

Financial Performance - The company reported a total revenue of 200 million RMB for the first half of 2021, representing a year-on-year increase of 15%[20]. - The net profit attributable to shareholders was 30 million RMB, up 20% compared to the same period last year[20]. - The company achieved a revenue of CNY 1.44 billion in the first half of 2021, representing a year-on-year increase of 48.57%[31]. - The net profit attributable to shareholders was CNY 122.24 million, up 32.32% compared to the same period last year[31]. - The company's operating revenue for the reporting period reached ¥1,436,263,555.66, representing a 48.57% increase compared to ¥966,705,831.70 in the same period last year[58]. - Net profit for the first half of 2021 was ¥122,244,210.72, representing a 32.4% increase from ¥92,384,308.88 in the first half of 2020[195]. - Earnings per share for the first half of 2021 was ¥0.54, compared to ¥0.49 in the same period of 2020[198]. Revenue Segmentation - The information technology services segment generated CNY 839 million in revenue, a growth of 76.96% year-on-year[41]. - The business process outsourcing segment reported revenue of CNY 597 million, reflecting a 21.25% increase year-on-year[41]. - In the first half of 2021, the company's information technology service revenue reached CNY 839 million, a year-on-year increase of 76.96%, accounting for 58.41% of total revenue, up over 9 percentage points from the previous year[46]. - Revenue from the company's software products and solutions business in the first half of 2021 was CNY 223 million, growing by 78.30% year-on-year[46]. - Revenue from small and medium-sized banks increased by 43.45% year-on-year, reaching CNY 99.91 million, while revenue from non-bank financial institutions grew by 47.12% to CNY 76.79 million[47]. Research and Development - The company plans to invest 50 million RMB in R&D for new product development in the next fiscal year[20]. - The company's R&D expenses reached CNY 132 million, a year-on-year increase of 75.70%, accounting for 9.22% of total revenue[47]. - The R&D investment increased by 75.70% to ¥132,372,513.24, up from ¥75,340,902.96, reflecting the company's commitment to technology upgrades and innovation[58]. - The company has obtained a total of 23 patents and 140 software copyrights, with three new invention patents awarded in the current year[50]. - The company has established a strong talent pool, with a focus on integrating IT skills and financial industry knowledge to enhance project management and implementation[57]. Market Expansion and Strategy - The company is expanding its market presence in Southeast Asia, targeting a 5% market share by the end of 2022[20]. - Future guidance indicates an expected revenue growth of 10-15% for the second half of 2021[20]. - A strategic acquisition of a local tech firm was completed for 100 million RMB to enhance technological capabilities[20]. - The company plans to enhance its market share and product line while optimizing internal management to improve profitability despite short-term increases in labor costs due to expanded hiring[49]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[195]. Financial Position and Assets - The company's total assets at the end of the reporting period were CNY 2.29 billion, an increase of 9.79% from the end of the previous year[31]. - The net assets attributable to shareholders reached CNY 1.86 billion, up 5.09% compared to the previous year[31]. - Total current assets increased to ¥2,195,560,419.68 as of June 30, 2021, up from ¥2,007,584,745.82 at the end of 2020, representing an increase of approximately 9.36%[179]. - Total assets reached ¥2,293,677,446.13, up from ¥2,089,086,168.77, indicating an increase of about 9.8%[182]. - The company reported a decrease in contract liabilities to ¥8,885,138.41 from ¥12,625,994.45, a reduction of approximately 29%[182]. Cash Flow and Financial Health - The company's cash flow from operating activities was negative at CNY -450.19 million, indicating a significant cash outflow[31]. - The net cash flow from operating activities was -¥450,190,370.20, a decline from -¥244,777,524.74, primarily due to slower receivables in the information technology services segment[58]. - Cash and cash equivalents decreased to ¥553,381,845.82 from ¥622,313,128.98, a decline of approximately 11.1%[178]. - The company has invested a total of RMB 82.8 million in entrusted wealth management products, with an outstanding balance of RMB 30.9 million[127]. Risks and Challenges - Risk factors identified include increased competition and regulatory changes in the tech sector[20]. - The company faces a high revenue concentration risk from the six major state-owned banks, which account for a significant portion of its income[85]. - The company is experiencing uneven business volume and settlement collection, particularly influenced by seasonal fluctuations in bank activity[86]. - The company has encountered delays in its fundraising project implementation due to changes in market conditions and the impact of the COVID-19 pandemic[91]. Shareholder Information - The company reported a total profit distribution of RMB 2.00 per 10 shares, resulting in an increase of total share capital to 224,927,334 shares after the distribution[131]. - The total number of shares increased from 160,662,382 to 224,927,334 after the distribution of cash dividends and capital reserve conversion, representing a 40% increase in total shares[135]. - The company has no foreign shareholding, indicating a complete domestic ownership structure[135]. - The total number of common shareholders at the end of the reporting period is 21,576[142].

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]