Financial Performance - Revenue for Q1 2022 was CNY 277,303,336.92, an increase of 2.88% compared to CNY 269,540,450.20 in the same period last year[3] - Net profit attributable to shareholders was CNY 11,694,998.92, up 1.25% from CNY 11,551,079.90 year-on-year[3] - Net profit excluding non-recurring gains and losses decreased by 29.42% to CNY 6,949,771.03 from CNY 9,846,993.56 in the previous year[3] - The net profit for the current period is 9,499,859.79, a decrease of 12.2% compared to 10,825,631.71 from the previous period[36] - The total profit for the current period is 12,521,682.88, down 12.6% from 14,319,843.36 in the previous period[36] - The total comprehensive income for the current period is 10,537,894.79, a decrease of 21.0% compared to 13,360,029.17 from the previous period[39] - Basic earnings per share for the current period is 0.024, down from 0.026 in the previous period[39] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 424,453,679.59, worsening by 8.25% compared to CNY 392,109,063.43 last year[3] - Cash flow from operating activities shows a net outflow of -424,453,679.59, compared to -392,109,063.43 in the previous period[43] - Cash flow from investing activities resulted in a net outflow of -328,311,927.00, worsening from -52,702,469.30 in the previous period[43] - The company received cash from investment activities totaling 1,872,760,321.96, significantly higher than 150,538,925.94 in the previous period[43] - The ending cash and cash equivalents balance is 625,045,288.28, down from 639,742,488.62 in the previous period[46] - The cash and cash equivalents at the end of the period amount to ¥633,710,508.46, down from ¥1,387,023,946.75 at the beginning of the year[23] Assets and Liabilities - Total assets at the end of the period were CNY 4,724,048,899.14, a decrease of 2.05% from CNY 4,822,932,163.28 at the end of the previous year[5] - Total liabilities decreased to ¥1,540,240,394.25 from ¥1,650,873,553.18, reflecting a reduction of about 6.7%[32] - The company's equity attributable to shareholders increased to ¥3,189,905,466.18 from ¥3,176,467,613.77, showing a growth of approximately 0.4%[32] Shareholder Information - The total number of common shareholders at the end of the reporting period is 45,994, with the top 10 shareholders holding a combined 42.71% of shares[15] - Zhong Ershun, a domestic individual, holds 10.32% of shares, amounting to 50,542,080 shares[15] - Hong Kong Central Clearing Limited holds 9.55% of shares, totaling 46,760,550 shares[15] - The top 10 shareholders do not have any related party relationships or act in concert[18] Expenses and Costs - The company reported a 40.71% increase in selling expenses due to rising labor costs[11] - Total operating costs increased to ¥280,761,140.54 from ¥265,663,260.76, indicating a rise of about 5.7%[33] - Research and development expenses increased to 47,405,285.38, up 15.8% from 40,993,709.61 in the previous period[36] Investments and Income - Investment income surged by 1424.96% year-on-year, attributed to increased financial product returns[11] - Cash received from investment increased by 1145.00%, primarily due to the redemption of financial products[12] Future Plans - The company plans to focus on market expansion and new product development in the upcoming quarters[35] - The company is actively exploring potential mergers and acquisitions to enhance its market position and product offerings[35] Inventory and Receivables - Accounts receivable rose to ¥858,139,337.42, up from ¥747,139,578.76, representing an increase of approximately 14.9%[26] - Inventory increased to ¥639,528,791.08 from ¥487,299,076.21, marking a significant rise of about 31.1%[26] Miscellaneous - The company has no preferred shareholders as of the reporting period[18] - The first quarter report of Beijing SuperMap Software Co., Ltd. is unaudited[47]

Financial Performance - The company's operating revenue for 2021 was ¥1,875,094,134.37, representing a 16.46% increase compared to ¥1,610,047,437.17 in 2020[32]. - The net profit attributable to shareholders for 2021 was ¥287,594,461.71, which is a 22.55% increase from ¥234,671,059.96 in 2020[32]. - The net profit after deducting non-recurring gains and losses was ¥269,145,606.26, up 21.66% from ¥221,229,715.88 in 2020[32]. - The total assets at the end of 2021 reached ¥4,822,932,163.28, a 34.53% increase from ¥3,584,908,028.11 at the end of 2020[32]. - The net assets attributable to shareholders increased by 47.79% to ¥3,176,467,613.77 at the end of 2021 from ¥2,149,331,044.49 at the end of 2020[32]. - The basic earnings per share for 2021 was ¥0.62, a 19.23% increase from ¥0.52 in 2020[32]. - The company reported a net cash flow from operating activities of ¥180,484,231.18, which is a decrease of 21.39% compared to ¥229,598,212.18 in 2020[32]. - The company experienced a significant cash flow fluctuation, with a net cash flow of -¥392,109,063.43 in Q1 2021, followed by positive cash flows in subsequent quarters[35]. - The company received government subsidies amounting to ¥9,974,200.57 in 2021, compared to ¥8,501,026.22 in 2020[38]. Revenue Sources and Market Position - The company's revenue from geographic information system (GIS) projects accounts for over 50% of total revenue, highlighting its reliance on this segment[9]. - The software segment accounted for 98.77% of total revenue, generating ¥1,852,077,659.24, with a year-on-year growth of 16.40%[120]. - The company has established a strong competitive advantage in smart city solutions, having developed numerous application cases in urban governance and digital infrastructure over the past two decades[191]. - The company has a strong brand advantage, ranking third in the global GIS market share and first in the Asian GIS market share according to ARC Advisory Group[79]. - The company aims to expand its market presence beyond government sectors and into overseas markets to enhance its core competitiveness and profitability[8]. Research and Development - Research and development expenses for 2021 amounted to ¥267,703,119.75, which is 14.28% of the operating revenue[140]. - The company has ongoing R&D projects aimed at expanding market share in both domestic and international markets, including SuperMap iObjects 11i(2022) and SuperMap iServer 11i(2022)[136]. - The company aims to enhance its product competitiveness through various ongoing R&D projects, including the Smart City Operating System[136]. - The company has engaged over 1,000 developer partners to create industry solutions, promoting the widespread application of GIS technology across various sectors[83]. - The company has implemented a "Lean Agile R&D Management System" to improve product quality and customer satisfaction through continuous integration and automated testing[74]. Technological Innovation - The company is committed to continuous technological research and business model innovation to meet customer and market demands[8]. - The company has developed a fully autonomous GIS technology system since launching its first product in 2000, with some GIS technologies being globally leading[55]. - The company has established a leading position in cross-platform GIS technology, 2D and 3D integrated GIS technology, cloud-integrated GIS technology, and big data GIS technology[70]. - The company has formed a unique competitive advantage through continuous innovation in AI GIS technology, spatial blockchain technology, and AR mapping technology[70]. - The company aims to leverage spatial big data applications and the growth of the geographic information industry to achieve rapid development[61]. Customer and Market Engagement - The company emphasizes the importance of maintaining and expanding customer resources to ensure contract signing and implementation progress, which directly impacts revenue and profit growth[7]. - The customer renewal rate surpassed the previous year, with small and micro customers achieving a renewal rate of over 55% and large customers at 95%[118]. - The company has expanded its client base to include notable brands such as Boss Electric, New Oriental, and the People's Bank of China[118]. - The company has established an ecosystem with over 1,000 partners, empowering informationization for dozens of industries[62]. - The company launched the upgraded Enterprise Platform 3.0, enhancing the overall product architecture and adopting a unified management model[118]. International Expansion - The company expanded its international presence by establishing 34 agencies in 11 countries and signing 37 MOUs, with local employees exceeding domestic staff[115]. - The company participated in international exhibitions and successfully secured contracts in regions such as Botswana, Colombia, and Thailand despite ongoing pandemic challenges[116]. - The company has actively participated in international exhibitions and hosted the first SuperMap Developer Conference, enhancing its global brand influence[82]. - The company has not disposed of any major assets or equity during the reporting period, maintaining its operational integrity[177]. - The company aims to promote smart park business models to various sectors, including high-speed rail stations and highway management[112]. Industry Trends and Future Outlook - The geographic information industry in China has maintained a compound annual growth rate (CAGR) of 18.5% over the past decade, with a CAGR of 13.9% during the 13th Five-Year Plan period[57]. - The GIS industry is positioned to benefit from the acceleration of the信创 (Xinchuang) initiative, which emphasizes self-reliance in technology and supply chains, aligning with the company's strategic focus[192]. - The domestic innovation industry in China is projected to exceed 365 billion yuan by 2023, with a market capacity surpassing 1 trillion yuan[194]. - The "Real Scene 3D China" initiative is expected to create a substantial market for 3D applications, driven by national infrastructure projects[198]. - The company is committed to independent research and development, aiming to maintain a leading position in the GIS market while expanding internationally[195].

Financial Performance - Revenue for Q3 2021 reached ¥538,176,715.57, an increase of 23.86% year-over-year[3] - Net profit attributable to shareholders was ¥134,974,728.94, up 30.89% compared to the same period last year[3] - The net profit excluding non-recurring gains and losses was ¥128,217,043.31, reflecting a 25.55% increase year-over-year[3] - Total operating revenue for the period reached ¥1,162,123,635.47, an increase from ¥957,714,984.80 in the previous period, representing a growth of approximately 21.3%[31] - The net profit for the current period is 187,986,651.92, an increase from 143,468,459.72 in the previous period, representing a growth of approximately 30.96%[34] - The total profit for the current period is 197,143,520.51, compared to 157,477,077.00 in the previous period, indicating an increase of about 25.19%[34] - Operating profit for the current period stands at 188,351,926.26, up from 151,916,615.37, reflecting a growth of approximately 23.93%[34] - Basic earnings per share for the current period is 0.41, up from 0.32 in the previous period, representing a growth of 28.13%[37] Assets and Liabilities - Total assets increased by 17.08% to ¥4,197,212,626.07 compared to the beginning of the year[5] - Current assets totaled ¥2,773,187,536.53, compared to ¥2,244,762,817.16 in the previous period, reflecting a growth of approximately 23.5%[27] - Non-current assets increased to ¥1,424,025,089.54 from ¥1,340,145,210.95, showing a rise of about 6.3%[27] - Total liabilities decreased to ¥1,124,896,005.94 from ¥1,439,764,894.87, a reduction of about 21.9%[30] - Total current liabilities were 1,412,482,351.57 CNY, showing an increase of 6,649,034.11 CNY[50] - Total liabilities amounted to 1,439,764,894.87 CNY, with an increase of 10,526,799.12 CNY[50] Shareholder Information - The total number of common shareholders at the end of the reporting period is 39,458, with the top 10 shareholders holding a combined 39.58%[13] - The largest shareholder, Zhong Ershun, holds 10.32% of the shares, amounting to 50,542,080 shares[13] - The top 10 shareholders include Hong Kong Central Clearing Limited with 8.85% and the Chinese Academy of Sciences with 4.24%[13] - The company has a significant portion of shares held by foreign entities, including UBS AG and HSBC, which hold 1.36% and 1.73% respectively[13] - The company has a strategy to maintain a stable shareholder structure with no related party transactions among the top shareholders[13] Cash Flow and Investments - Cash flow from operating activities showed a net outflow of ¥497,552,159.95, a decrease of 25.73% year-over-year[3] - The company reported a decrease in short-term borrowings to ¥5,516,636.60 from ¥7,044,210.39, a decline of approximately 21.7%[28] - The company has cash inflow from investment activities totaling 1,392,959,081.65, compared to 1,276,699,710.10 in the previous period, showing an increase of approximately 9.14%[41] - The cash outflow from investment activities is 2,019,783,377.20, compared to 1,265,252,762.41 in the previous period, indicating a significant increase in investment expenditures[41] - The net cash flow from financing activities is 738,641,408.95, a substantial increase from 23,788,653.79 in the previous period, reflecting a growth of approximately 3045.73%[41] Other Financial Metrics - The company reported a 30.78% increase in management expenses year-to-date, primarily due to rising labor costs and travel expenses[10] - Investment income decreased by 35.19% year-to-date, attributed to reduced returns from financial products[10] - The company’s cash received from other operating activities increased by 30.41% year-to-date, mainly due to funds for the employee stock ownership plan[12] - The company’s cash flow from financing activities increased significantly by 1573.31% year-to-date, due to stock issuance to specific investors[12] - The report indicates no changes in the number of restricted shares for major shareholders like Zhong Ershun and Song Guanfeng during the period[20] - The company has not made any adjustments related to the new leasing standards for the current period[53] - The third quarter report was not audited[53]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥623,946,919.90, representing a 19.25% increase compared to ¥523,211,274.40 in the same period last year[38]. - The net profit attributable to shareholders for the first half of 2021 was ¥55,448,062.64, a 33.13% increase from ¥41,648,059.06 in the previous year[38]. - The net profit after deducting non-recurring gains and losses was ¥50,911,288.70, which is a 56.30% increase compared to ¥32,572,581.35 in the same period last year[38]. - The basic earnings per share for the first half of 2021 was ¥0.123, up 32.26% from ¥0.093 in the previous year[38]. - The company's operating revenue for the reporting period was ¥623,946,919.90, representing a year-on-year increase of 19.25% compared to ¥523,211,274.40 in the same period last year[79]. - Net profit attributable to shareholders reached 55.45 million yuan, reflecting a year-on-year growth of 33.13%[52]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,549,218,797.59, a decrease of 1.00% from ¥3,584,908,028.11 at the end of the previous year[38]. - The net assets attributable to shareholders at the end of the reporting period were ¥2,185,060,799.76, reflecting a 1.66% increase from ¥2,149,331,044.49 at the end of the previous year[38]. - The company's accounts receivable increased to ¥825,142,981.39, representing 23.25% of total assets, up from 17.41% the previous year[87]. - The company's cash and cash equivalents decreased by 54.85% compared to the end of the previous year, primarily due to customer payments being concentrated in the second half of the year[90]. - The company reported a significant decrease in cash and cash equivalents, with a net decrease of 47.19% to -¥600,137,867.56 from -¥407,733,116.87, mainly due to increased investment in financial products[79]. Research and Development - The company plans to continue increasing R&D investment to enhance core technology competitiveness and improve product and service quality[18]. - Research and development expenses rose by 29.08% to ¥118,233,533.17, up from ¥91,599,261.16, reflecting the company's increased investment in R&D[79]. - The company has developed a unique "Lean Agile R&D Management System" to enhance product quality and customer satisfaction[75]. - The company is focused on continuous technological innovation and market expansion to maintain its competitive edge in the GIS industry[127]. Market Strategy and Competition - The company aims to expand its market presence beyond government sectors and overseas markets to enhance its core competitiveness and profitability[8]. - The company acknowledges the risk of uneven performance between the first and second halves of the year, with a higher proportion of revenue typically recognized in the second half[8]. - The company recognizes the increasing competition in the industry and emphasizes the need for timely technological and business model innovations to maintain market share[18]. - The company aims to enhance project management capabilities to mitigate risks associated with project delivery and quality as project complexity increases[128]. Corporate Governance and Risk Management - The company is committed to improving its internal control system and optimizing management processes to mitigate organizational management risks[12]. - The company has established a mechanism for accounts receivable reconciliation and collection, focusing on the nature, aging, and amount of receivables[13]. - The company faces risks related to the COVID-19 pandemic, which could adversely affect overall business performance if not controlled effectively[126]. - The company is committed to real-time tracking of industry trends and technological advancements to mitigate risks associated with declining competitive advantages[136]. Social Responsibility and Environmental Initiatives - The company actively promotes energy conservation and environmental protection measures, including advocating for recycling and waste classification[153]. - The company supports social responsibility initiatives, including donations to poverty alleviation efforts in Chaoyang District, Beijing[157]. Shareholder Information - The total number of shares before the change was 452,435,240, with 16.28% being restricted shares and 83.72% being unrestricted shares[194]. - The total number of shareholders at the end of the reporting period was 52,818[200]. - The largest shareholder, Zhong Ershun, holds 11.17% of the shares, totaling 50,542,080 shares[200]. - The company plans to unlock 25% of the restricted shares annually on the first trading day of each year[199].

Financial Performance - The company's operating revenue for Q1 2021 was ¥269,540,450.20, representing a 21.63% increase compared to ¥221,600,410.71 in the same period last year[9] - The net profit attributable to shareholders for Q1 2021 was ¥11,551,079.90, up 30.95% from ¥8,821,220.19 in the previous year[9] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥9,846,993.56, reflecting a significant increase of 78.96% compared to ¥5,502,420.20 in the same period last year[9] - The basic earnings per share for Q1 2021 was ¥0.026, a 30.00% increase from ¥0.020 in the previous year[9] - The company's revenue for Q1 2021 reached 269.54 million yuan, representing a year-on-year growth of 21.63%[34] - The net profit attributable to shareholders was 115.51 million yuan, an increase of 30.95% compared to the same period last year[34] - The net profit for the first quarter of 2021 was CNY 14,319,843.36, up from CNY 10,175,023.72 in the same quarter of the previous year, reflecting a growth of approximately 40.6%[77] - The company's net profit for the current period is 10,825,631.71, compared to 7,536,219.91 in the previous period, representing an increase of approximately 43.5%[80] - The net profit attributable to shareholders of the parent company is 11,551,079.90, compared to 8,821,220.19 in the previous period, reflecting an increase of approximately 30.9%[80] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,408,437,705.49, a decrease of 4.92% from ¥3,584,908,028.11 at the end of the previous year[9] - The net assets attributable to shareholders at the end of the reporting period were ¥2,163,635,143.72, showing a slight increase of 0.67% from ¥2,149,331,044.49 at the end of the previous year[9] - The company's cash and cash equivalents decreased by 40.67% compared to the beginning of the period, mainly due to investments in financial products and operational expenditures[24] - The total current liabilities decreased to CNY 1,222,792,386.18 from CNY 1,412,482,351.57, a reduction of about 13.4%[63] - The total liabilities decreased to CNY 1,248,722,543.08 from CNY 1,439,764,894.87, a decrease of approximately 13.3%[63] - The company's total equity remained stable at CNY 2,159,715,162.41 as of March 31, 2021[63] Cash Flow - The net cash flow from operating activities for Q1 2021 was -¥392,109,063.43, which is a decline of 22.21% compared to -¥320,840,122.37 in the same period last year[9] - Cash inflow from operating activities was 220,560,607.07, compared to 156,893,853.11 in the previous period, showing a significant increase of approximately 40.5%[88] - The net cash flow from investment activities was -52,702,469.30, an improvement from -172,485,564.15, showing a reduction in losses by approximately 69.5%[91] - The ending balance of cash and cash equivalents was 639,742,488.62, up from 338,239,133.33, reflecting an increase of approximately 88.9%[94] - The company reported a net cash outflow of 444,869,201.81 from cash and cash equivalents, slightly improved from -493,005,687.56 in the previous period[94] Expenses and Costs - The total operating costs for the first quarter of 2021 were CNY 265,663,260.76, compared to CNY 214,439,540.47 in the previous year, indicating an increase of about 23.9%[77] - The company's development expenses rose by 41.55% year-on-year, attributed to the capitalization of R&D costs[24] - The company's financial expenses decreased by 33.60% year-on-year, mainly due to increased interest income[24] - The company reported a research and development expense of CNY 40,993,709.61 for the first quarter of 2021, slightly down from CNY 41,077,379.61 in the previous year[77] - The company’s research and development expenses for the current period are 10,830,618.82, slightly down from 11,754,944.48 in the previous period, indicating a decrease of about 7.8%[84] Inventory and Receivables - The company's inventory increased by 32.14% compared to the beginning of the period, mainly due to increased contract performance costs for unaccepted projects[24] - The company's net accounts receivable reached 705 million yuan by the end of the reporting period, indicating rapid growth in accounts receivable due to business expansion[45] - The company's goodwill amounted to 707 million yuan, representing 32.69% of the equity attributable to the parent company, primarily resulting from recent acquisitions[46] - Accounts receivable increased to CNY 705,134,633.96 from CNY 624,021,355.27, marking an increase of approximately 13.0%[57] - The company’s inventory increased to CNY 152,109,868.31 from CNY 145,001,414.76, indicating a rise of approximately 4.8%[67] Strategic Initiatives - The company plans to enhance brand promotion and market expansion efforts, targeting both government sectors and overseas markets to improve core competitiveness and profitability[43] - The company aims to strengthen its project management system to improve delivery efficiency and customer satisfaction amid increasing project complexity[44] - The company is committed to continuous technological innovation and business model development to leverage its accumulated industry experience[43] - The company will focus on maintaining its main business advantages while adapting to customer and market demands[44] - The company has established a mechanism for monitoring and collecting accounts receivable to mitigate the risk of bad debts, ensuring sustainable cash flow[45] Risks and Challenges - The company faces significant risks related to uneven performance between the first and second halves of the year, with a higher proportion of revenue typically recognized in the second half[44] - The actual tax burden of VAT exceeding 3% resulted in a refund of ¥9,333,586.99, related to software product sales[12] - The total amount of cash received from tax refunds increased by 8698.93% year-on-year, due to higher VAT refunds received[28] - The company has not reported any overdue commitments from major stakeholders during the reporting period[48]

Financial Performance - The company's operating revenue for 2020 was ¥1,610,047,437.17, a decrease of 7.20% compared to ¥1,735,021,983.34 in 2019[34]. - Net profit attributable to shareholders for 2020 was ¥234,671,059.96, an increase of 7.12% from ¥219,079,157.24 in 2019[34]. - The net profit after deducting non-recurring gains and losses was ¥221,229,715.88, up 13.12% from ¥195,569,305.16 in 2019[34]. - The company's cash flow from operating activities for 2020 was ¥229,598,212.18, a 4.35% increase from ¥220,037,062.97 in 2019[34]. - Basic earnings per share for 2020 was ¥0.52, representing a 6.12% increase from ¥0.49 in 2019[34]. - The company's total revenue for Q1 2020 was approximately $221.6 million, with a significant increase to $652.3 million by Q4 2020, indicating strong growth throughout the year[114]. - Net profit attributable to shareholders for Q3 2020 reached approximately $103.1 million, while Q4 2020 saw a slight decrease to $89.9 million, reflecting seasonal fluctuations in business[114]. - The company's revenue from GIS software in 2020 was approximately $1.59 billion, representing a year-over-year decrease of 7.13%[117]. - The gross margin for GIS software was reported at 57.57%, which is an increase of 3.11% compared to the previous year[117]. - The company reported a decrease in operating costs by 13.48% year-over-year, totaling approximately $675.2 million in 2020[122]. Assets and Liabilities - Total assets at the end of 2020 were ¥3,584,908,028.11, an increase of 17.08% from ¥3,061,994,412.98 at the end of 2019[34]. - The company's equity assets decreased by 21.66% compared to the beginning of the year, mainly due to losses from invested enterprises[60]. - The company's intangible assets decreased by 0.84% compared to the beginning of the year, indicating stable asset management[60]. - The total amount of capitalized R&D expenses for the year 2020 reached ¥63,283,834.26, with multiple software products in the development stage[139]. - The total assets amounted to CNY 3,255,659,761.30, with a total liability ratio of 100%[154]. - Long-term borrowings decreased by 53.90% year-on-year, primarily due to repayment of maturing loans[154]. - Deferred income increased by 522.98% compared to the beginning of the year, mainly due to government subsidies received during the period[154]. Research and Development - R&D expenses for 2020 totaled approximately $252.7 million, accounting for 15.70% of total revenue, indicating a focus on innovation[134]. - The total number of R&D personnel was 1,324, representing 35.19% of the workforce, indicating a strong emphasis on research and development[135]. - The company has established a comprehensive R&D system to ensure the accuracy of capitalized expenses[140]. - The company has established a lean and agile R&D management system with over 60,000 automated test programs to ensure product quality[47]. - The company launched the SuperMap GIS 10i (2020) series, enhancing its GIS technology capabilities across various sectors[134]. Market Expansion and Strategy - The company aims to enhance brand promotion and expand market space, particularly targeting government sectors and overseas markets[11]. - The company plans to continue expanding its market presence and invest in new product development[40]. - The company is committed to expanding its international market presence, particularly through its wholly-owned subsidiary, SuperMap International[50]. - The company is poised to leverage opportunities in "new infrastructure" and "self-innovation" strategies over the next five to ten years, aiming for sustained performance growth[82]. - The company is actively promoting overseas GIS education, receiving 274 submissions from 129 schools across 59 countries for its online training courses[96]. - The company is leveraging the strategic opportunity of the "Belt and Road" initiative to enhance its international strategy and local team operations[96]. - The company is considering strategic acquisitions to enhance its market position, with a budget of 10 million allocated for potential mergers[200]. Project Management and Operations - The company’s project business, which is the main source of revenue, accounts for over 50% of total revenue, highlighting the importance of effective project management[12]. - The company plans to strengthen project management systems to ensure timely and quality project delivery, thereby improving customer satisfaction[12]. - The company is focused on maintaining effective management of numerous projects to mitigate risks of delivery delays and quality decline[189]. - The company has established a mechanism for monitoring and collecting accounts receivable to mitigate the risk of bad debts[13]. - The company has established a mechanism for accounts receivable reconciliation and collection, analyzing the nature, aging, and amount of receivables regularly[192]. Innovation and Technology - The company emphasizes the need for continuous technological research and business model innovation to maintain competitive advantages[8]. - The company has a strong focus on innovation in core GIS technologies, including big data, artificial intelligence, and distributed systems[47]. - The company successfully integrated 3D GIS with game engines, launching SuperMap Scene SDKs 10i (2020) for Unreal Engine and Unity, marking a significant technological breakthrough[84]. - The company launched the 3D National Land Space Basic Information Platform 1.0, marking a comprehensive upgrade from 2D to 3D in natural resource management[88]. - The company is advancing its Geo-Blockchain technology, integrating blockchain with GIS to enhance data security and traceability across multiple sectors[87]. Customer Engagement and User Growth - The company has over 1.15 million free users for its public mapping service and more than 200,000 enterprise customers on its platform[55]. - User data showed an increase in active users, with a total of 1.2 million users, representing a 15% growth compared to the previous year[200]. - The management emphasized the importance of enhancing customer engagement strategies to improve retention rates by 5%[200]. Corporate Governance and Ethics - The company has implemented a strict anti-corruption policy and established a whistleblower system to strengthen ethical standards among employees[106]. - The company has not identified any impairment indicators for goodwill assets as of the reporting period, but remains vigilant regarding potential future risks[193].

Financial Performance - Net profit attributable to shareholders increased by 17.61% to CNY 103,122,526.78 for the reporting period[9] - Operating revenue for the period was CNY 434,503,710.40, reflecting a 5.07% increase year-on-year[9] - Basic earnings per share rose by 15.00% to CNY 0.23 for the reporting period[9] - The company reported a decrease of 9.08% in cumulative operating revenue to CNY 957,714,984.80 year-to-date[9] - Net profit for the period was CNY 103,100,983.28, up 19.4% from CNY 86,340,882.27 in the same period last year[65] - The net profit attributable to the parent company was 144,770,585.84, compared to 128,524,063.58 in the previous period, reflecting an increase of about 12.7%[79] - The net profit for the current period is ¥165,063,762.94, representing an increase of 70.73% from ¥96,807,075.94 in the previous period[86] Asset Management - Total assets increased by 4.51% to CNY 3,200,147,887.54 compared to the end of the previous year[9] - The company's net assets attributable to shareholders decreased by 3.72% to CNY 2,048,900,011.32 compared to the end of the previous year[9] - The total assets amounted to 3,061,994,412.98 yuan, down from 3,272,124,260.87 yuan, reflecting a decrease in overall asset value[104] - The company's total equity attributable to shareholders decreased to ¥2,048,900,011.32 from ¥2,127,971,620.25, a decline of approximately 3.7%[52] - The total non-current assets amounted to CNY 1,365,003,516.45, slightly up from CNY 1,353,164,013.80, an increase of 0.9%[59] Cash Flow - The net cash flow from operating activities surged by 567.25% to CNY 27,687,755.38[9] - Cash and cash equivalents decreased by 43.33% compared to the beginning of the year, primarily due to payments for daily operating expenses and equity acquisition[24] - Cash received from tax refunds decreased by 35.03% year-on-year, primarily due to a reduction in VAT refunds[29] - Cash received from other operating activities increased by 56.39% year-on-year, mainly due to an increase in government subsidies and equity incentive payments[29] - The total cash outflow from operating activities is ¥1,283,909,382.86, slightly higher than the previous period's outflow of ¥1,256,493,077.94[93] - The ending balance of cash and cash equivalents was 270,596,954.15 yuan, up from 82,623,850.04 yuan in the previous period, indicating improved liquidity[100] Liabilities - Total current liabilities rose to ¥1,125,061,319.18 from ¥922,977,967.88, reflecting an increase of about 22%[49] - The company's total liabilities reached ¥1,156,099,419.45, up from ¥937,827,746.50, indicating an increase of approximately 23.3%[49] - Total liabilities rose to CNY 755,386,794.59 from CNY 621,966,024.49, marking an increase of 21.4%[59] - Total liabilities amounted to 937,827,746.50, a decrease of 464,809,109.91 compared to the previous total of 1,402,636,856.41[107] Shareholder Information - The total number of shareholders at the end of the reporting period was 41,101[12] - The company received government subsidies amounting to CNY 5,463,520.19 during the reporting period[11] Research and Development - Research and development expenses were CNY 59,419,809.01, down from CNY 78,534,576.90, a decrease of 24.3%[62] - Research and development expenses for the current period amount to ¥34,343,581.87, which is an increase of 29.25% from ¥26,584,734.03 in the previous period[83]

Financial Performance - The company's operating revenue for the first half of 2020 was RMB 523,211,274.40, a decrease of 18.22% compared to the same period last year[27]. - The net profit attributable to shareholders of the listed company was RMB 41,648,059.06, an increase of 1.97% year-on-year[27]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 32,572,581.35, up 0.95% from the previous year[27]. - The company's cash flow from operating activities showed a net outflow of RMB 423,425,090.43, an improvement of 1.89% compared to the same period last year[27]. - The total assets at the end of the reporting period were RMB 2,941,617,926.58, a decrease of 3.93% from the end of the previous year[27]. - The net assets attributable to shareholders of the listed company were RMB 1,919,727,514.64, down 9.79% from the previous year[27]. - The company's revenue for the reporting period was ¥523,211,274.40, a decrease of 18.22% compared to the same period last year, primarily due to project acceptance delays caused by the pandemic[73]. - Operating costs decreased by 20.50% to ¥231,750,266.74, also attributed to pandemic-related project delays[73]. - The net cash flow from operating activities was -¥423,425,090.43, showing a slight improvement of 1.89% compared to the previous year[73]. - The company's total liabilities increased to CNY 1,026,911,941.72 from CNY 937,827,746.50 at the end of 2019, indicating a rise in financial obligations[172][173]. Assets and Liabilities - The total assets of the company reached approximately 141.11 million RMB, with a net asset value of about 41.41 million RMB[98]. - The company's total liabilities increased to CNY 650,506,231.68, up from CNY 621,966,024.49 in the previous period[177]. - The total equity attributable to shareholders decreased to CNY 1,919,727,514.64 from CNY 2,127,971,620.25, a decline of approximately 9.8%[173]. - The cash and cash equivalents decreased significantly to CNY 435,491,446.11 from CNY 846,419,189.98 at the end of 2019, reflecting a reduction of approximately 48.7%[170][171]. - Accounts receivable stood at CNY 578,290,467.22, slightly down from CNY 602,959,937.76 at the end of 2019, showing a decrease of about 4.1%[170][171]. - The company's inventory increased to CNY 363,118,857.85 from CNY 8,547,399.92, indicating a significant rise in stock levels[171]. Strategic Initiatives - The company plans to not distribute cash dividends or issue bonus shares for the reporting period[6]. - The company aims to enhance project management capabilities to mitigate risks associated with project delivery delays and quality issues, as project business accounts for over 50% of total revenue[10]. - The company will continue to increase R&D investment to strengthen core technology competitiveness and adapt to industry trends and customer demands[14]. - The company will focus on expanding its customer base beyond government sectors and into overseas markets to enhance core competitiveness and profitability[9]. - The company is actively pursuing market opportunities arising from the COVID-19 pandemic while ensuring stable product and service delivery[7]. - The company plans to optimize its internal control system and improve management processes to address organizational management risks as the business expands[11]. - The company aims to achieve a revenue growth target of 15% year-over-year, driven by increased sales and market penetration[111]. - The company is focused on expanding its market presence and enhancing customer development efforts in response to the challenges posed by the pandemic[101]. Research and Development - The company continues to focus on GIS platform software development and related solutions in various sectors such as smart cities and ecological protection[35]. - The company is committed to driving innovation and development in the GIS industry, aligning with national technology innovation strategies[42]. - The company will continue to invest in R&D to maintain competitive advantages amid increasing industry competition[109]. - The company is focusing on research and development of new technologies to enhance its product offerings and improve operational efficiency[111]. Market and Customer Engagement - The company added over 70,000 new registered users for its MapHui platform in the first half of the year, with a growing number of signed users across various industries including home appliances, logistics, and real estate[69]. - The renewal rate for existing clients exceeded the same period last year, with notable clients such as the Ministry of Natural Resources and Haier renewing their contracts[69]. - The company has actively promoted its international business, conducting online forums in multiple languages to share GIS technology applications with partners in various countries[68]. - The company is exploring partnerships with technology firms to leverage innovative solutions and improve service delivery[111]. Risk Management - The company acknowledges the ongoing risk of bad debts due to potential fluctuations in the macroeconomic environment and local government financial conditions[12]. - The company emphasized the risk of uneven performance between the first and second halves of the year, with a higher proportion of revenue typically recognized in the second half[8]. - The company faces risks from the COVID-19 pandemic, which could adversely affect overall business performance if not effectively controlled[101]. Corporate Governance - The company reported a participation ratio of 32.32% in the annual shareholders' meeting held on May 12, 2020[115]. - The company has committed to avoiding competition with its subsidiaries and related entities for a period of two years following the profit commitment period[118]. - The company has established a profit commitment period during which no executive can voluntarily leave, ensuring stability and continuity in leadership[120]. - The company has outlined strict non-competition clauses for executives, preventing them from engaging in similar business activities with competitors during and after the commitment period[121]. Compliance and Legal Matters - The company did not conduct an audit for the semi-annual financial report[124]. - There were no significant litigation or arbitration matters during the reporting period[125]. - The company has no media scrutiny issues during the reporting period[127]. - There were no penalties or rectification situations reported during the period[128].

Financial Performance - Total revenue for Q1 2020 was CNY 221,600,410.71, representing a 2.40% increase compared to CNY 216,401,394.70 in the same period last year[9] - Net profit attributable to shareholders was CNY 8,821,220.19, up 15.12% from CNY 7,662,421.39 year-on-year[9] - Net profit excluding non-recurring gains and losses reached CNY 5,502,420.20, a significant increase of 31.72% from CNY 4,177,450.72 in the previous year[9] - Basic earnings per share increased to CNY 0.020, reflecting a growth of 17.65% compared to CNY 0.017 in the same quarter last year[9] - The operating profit for the same period was 8.59 million yuan, reflecting a significant year-on-year growth of 69.53%[36] - The net profit attributable to shareholders was 8.82 million yuan, up 15.12% compared to the previous year[36] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,126,810,544.98, a 2.12% increase from CNY 3,061,994,412.98 at the end of the previous year[9] - Net assets attributable to shareholders decreased to CNY 1,882,381,486.54, down 11.54% from CNY 2,127,971,620.25 at the end of the previous year[9] - Current liabilities rose significantly to CNY 1,234,844,622.23, compared to CNY 922,977,967.88, marking an increase of approximately 33.8%[67] - The total owner's equity decreased to CNY 1,877,356,304.36 from CNY 2,124,166,666.48, indicating a decline of approximately 11.6%[70] - The total liabilities and owner's equity amounted to CNY 3,126,810,544.98, up from CNY 3,061,994,412.98, reflecting an increase of approximately 2.1%[70] Cash Flow - The net cash flow from operating activities was negative CNY 320,840,122.37, a decline of 18.97% compared to negative CNY 269,685,638.41 in the same period last year[9] - The company's cash flow from operating activities decreased by 98.88% year-on-year, mainly due to a reduction in VAT refunds received[35] - The company reported a net cash outflow from operating activities of ¥320,840,122.37, compared to a net outflow of ¥269,685,638.41 in the previous period[91] - Cash inflow from investment activities totaled 161,368,412.62 CNY, while cash outflow was 290,080,716.60 CNY, resulting in a net cash flow of -128,712,303.98 CNY, worsening from -47,545,364.65 CNY in the prior period[101] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 33,909[13] - The largest shareholder, Zhong Ershun, holds 53,542,080 shares, representing 11.91% of the total shares[13] Research and Development - Development expenditures rose by 62.57% compared to the beginning of the period, attributed to the capitalization of R&D expenses[30] - The company plans to increase R&D investment to maintain competitive advantages and adapt to evolving market demands amid intensifying industry competition[53] - Research and development expenses for the current period were ¥32,752,639.41, slightly up from ¥32,467,030.58 in the previous period, indicating a focus on innovation[81] Market Strategy - The company plans to actively respond to the impacts of the COVID-19 pandemic by enhancing customer development efforts and expanding market reach[43] - The company is committed to expanding its market presence beyond government sectors and into overseas markets to enhance core competitiveness and profitability[44] - The company emphasizes the importance of maintaining customer relationships and adapting to market needs to ensure continued revenue growth[44] Risk Management - The company aims to enhance project management capabilities to mitigate risks associated with project delivery delays and quality issues as project complexity increases[47] - The company will focus on optimizing internal control systems and improving management processes to address organizational management risks due to business expansion[48] - The company will regularly analyze accounts receivable to ensure timely collection and minimize the risk of bad debts[49] Other Financial Metrics - Cash and cash equivalents decreased by 58.12% compared to the beginning of the period, primarily due to investments in financial products and year-end bonus payments[27] - The company's goodwill at the end of the reporting period is valued at 707 million yuan, accounting for 37.57% of the equity attributable to the parent company[52] - The company has not identified any impairment indicators for goodwill assets, indicating stable financial health in this regard[52] - The total comprehensive income for the current period was ¥22,613,176.24, compared to ¥10,523,121.46 in the previous period[90] Compliance and Reporting - The company executed the new revenue standards starting January 1, 2020, impacting financial reporting[116] - The first quarter report was not audited[117]

Financial Performance - The company's operating revenue for 2019 was ¥1,735,021,983.34, representing a 14.31% increase from ¥1,517,788,227.33 in 2018[25]. - The net profit attributable to shareholders for 2019 was ¥219,079,157.24, a 30.71% increase compared to ¥167,612,442.09 in 2018[25]. - The net profit after deducting non-recurring gains and losses was ¥195,569,305.16, which is a 41.74% increase from ¥137,973,522.47 in 2018[25]. - The company's total assets at the end of 2019 were ¥3,061,994,412.98, an 8.47% increase from ¥2,822,793,446.81 at the end of 2018[25]. - The equity attributable to shareholders at the end of 2019 was ¥2,127,971,620.25, reflecting a 9.96% increase from ¥1,935,136,166.58 at the end of 2018[25]. - The basic earnings per share for 2019 was ¥0.49, up 32.43% from ¥0.37 in 2018[25]. - The net cash flow from operating activities for 2019 was ¥220,037,062.97, a 32.37% increase from ¥166,227,588.88 in 2018[25]. - The company reported a quarterly revenue of ¥681,716,477.93 in Q4 2019, contributing to a total annual revenue growth[26]. - The company received government subsidies amounting to ¥16,844,121.86 in 2019, compared to ¥22,300,796.56 in 2018[28]. - The weighted average return on equity for 2019 was 10.81%, an increase from 8.98% in 2018[25]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 0.48 per 10 shares, based on a total share capital of 449,537,367 shares[4]. - The cash dividend for 2019 accounted for 9.85% of the net profit attributable to ordinary shareholders, which was 219,079,157.24 RMB[176]. - The company declared a cash dividend of 0.75 RMB per share for the 2018 fiscal year, based on a total share capital of 449,537,367 shares, with the distribution completed by May 2019[171]. - The cash dividend distribution plan complies with the relevant regulations of the company's articles of association and dividend management measures[172]. - The company has maintained a cash dividend policy that aligns with its articles of association and shareholder resolutions[172]. - The cash dividend distribution process is compliant and transparent, ensuring proper decision-making mechanisms are in place[172]. - The company has not proposed a cash dividend distribution plan for the current reporting period despite having positive distributable profits[176]. Market Position and Strategy - The geographic information system project business accounts for over 50% of the company's total revenue, highlighting its significance to overall performance[7]. - The company is focused on expanding its market presence beyond government sectors and into overseas markets to enhance profitability[6]. - The market share of SuperMap GIS basic software surpassed foreign brands, ranking first in the Chinese region[33]. - The company is positioned as the third largest GIS provider globally and the largest in Asia, with ongoing efforts to expand its international market presence[53]. - The company has established a leading position in the domestic GIS software market, with significant brand influence and numerous successful case studies[45]. - The company has actively participated in over 1000 partnerships to promote GIS applications across various sectors, enhancing its industry experience and technical capabilities[46]. Research and Development - The company will continue to invest in research and development to maintain its competitive edge and adapt to evolving market demands[11]. - The company has developed a lean and agile R&D management system, ensuring high-quality project delivery[43]. - Research and development expenses increased by 5.85% to CNY 229,290,366.69, reflecting ongoing investment in innovation[83]. - The number of R&D personnel increased to 1,359 in 2019, representing 38.86% of the total workforce, up from 38.20% in 2018[85]. - The company launched the SuperMap GIS 10i series, integrating artificial intelligence technology and enhancing its product offerings[41]. - The company is committed to deepening its research and development in the AI+GIS field, aiming to broaden the application scenarios of its products[116]. Risk Management - The company acknowledges the risk of uneven performance between the first and second halves of the year, with a higher proportion of revenue typically recognized in the second half[5]. - The company emphasizes the importance of maintaining effective internal controls and optimizing management structures to address organizational risks[8]. - The company recognizes intensified industry competition and is committed to increasing R&D investment to enhance core technology competitiveness and meet evolving customer demands[165]. - The company has improved its cash collection situation as the institutional reforms near completion, leading to a recovery in its main business[49]. Technology and Innovation - The company has established a blockchain research lab to explore the integration of blockchain technology with GIS, focusing on electronic certificate storage and GIS engine applications[122][123]. - The implementation of the unified natural resource registration policy is expected to expand the company's GIS application business, with a five-year plan to complete registration in key areas[124]. - The company has integrated big data storage management, spatial analysis, and real-time processing with SuperMap GIS technology, enhancing its capabilities in big data support[121]. - The rise of big data policies is opening new avenues for GIS applications, as data is increasingly recognized as a strategic national resource, driving innovation across various sectors[120]. Customer Satisfaction and Service - The company is committed to improving customer satisfaction through timely project delivery and quality assurance measures[8]. - The renewal rate for major clients exceeded the previous year, demonstrating strong customer retention and satisfaction[61]. - The company aims to enhance product quality and customer satisfaction through technical innovation and improved service processes, focusing on its Supermap GIS technology[148]. Compliance and Governance - The company has committed to a profit guarantee period of 5 years, during which it will not engage in any competitive business activities with its subsidiaries[182]. - The company has established a penalty of 1 million yuan for any key personnel who leave within one year after the profit commitment period[186]. - The company has no outstanding commitments to minority shareholders that have not been fulfilled[188]. - The board of directors confirmed that there were no non-standard audit reports for the reporting period[193].