Financial Performance - The company reported a negative net profit for the three fiscal years from 2018 to 2020, excluding non-recurring gains and losses, and plans to enhance resource utilization and optimize product development to increase revenue [4]. - The company's operating revenue for the reporting period was ¥98,390,276.31, a decrease of 17.12% compared to the same period last year [34]. - The net profit attributable to shareholders of the listed company was -¥2,120,034.81, an improvement of 63.63% year-on-year [34]. - The net cash flow from operating activities was ¥4,554,035.02, down 38.51% from the previous year [34]. - Total assets at the end of the reporting period were ¥644,698,098.31, a decrease of 7.89% compared to the end of the previous year [34]. - The net assets attributable to shareholders of the listed company were ¥242,587,186.67, a slight decrease of 0.90% from the previous year [34]. - The basic earnings per share for the reporting period was -¥0.01, showing a 50.00% improvement compared to -¥0.02 in the previous year [34]. - The weighted average return on net assets was -0.87%, an increase of 1.01% from -1.88% in the previous year [34]. - The company reported a non-operating income of 3,273,608.05, which includes government subsidies of 3,249,440.48 and other non-recurring gains [39]. - The gross margin for the overall business was 49.66%, with a slight decrease of 2.62% compared to the previous year [55]. Business Strategy and Development - The company has launched a series of cloud office products, including 35 Cloud Attendance and 35 Cloud Portal, to differentiate its offerings and enhance customer trust [5]. - The company is actively developing new game products and updating existing ones to maintain the attractiveness and sustainability of its gaming business [13]. - The company’s subsidiary, Dao Xi Technology, is focusing on diversifying its game offerings across various genres, including SLG and RPG, to ensure sustainable business development [13]. - The company is committed to continuous innovation in cloud computing technology, aiming to provide a comprehensive cloud office solution that integrates email, document management, and real-time communication [44]. - The company focuses on providing SaaS solutions for small and medium enterprises, enhancing cloud office applications and services, including products like "35会经营" and "35云门户" to improve operational efficiency [42]. - The company has launched a self-service website building product "闪电建站," allowing users to create websites in 10 minutes without technical skills, enhancing market competitiveness [42]. - The company is actively developing mobile games through its subsidiary, with two main games in operation and two in testing, aiming to expand its product line and enhance market competitiveness [47]. - The company has established formal partnerships with major telecom operators, enhancing its market competitiveness and overall profitability through resource integration [46]. Risk Management and Compliance - The company acknowledges the risk of reliance on core technical personnel and has implemented measures to stabilize its technical team and reduce turnover [9]. - The company is committed to complying with regulatory requirements in the telecommunications sector and enhancing network security to mitigate risks associated with its mobile resale business [11]. - The company has established a comprehensive information security management system to mitigate risks related to internet, system, and data security [7]. - The company is actively working to comply with regulatory requirements in the mobile resale business to address competition and policy risks [124]. - The company has established a comprehensive intellectual property management system to protect its rights and actively apply for product copyrights and trademark registrations [128]. Shareholder and Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares [18]. - The company has implemented other risk warnings for its stock, changing its name to "ST Sanwu" since April 26, 2021 [17]. - The company emphasizes the protection of shareholder and creditor rights, ensuring compliance with legal regulations and maintaining effective communication channels with investors [141]. - The company has committed to avoiding competition and maintaining independence during the restructuring period [148]. - The company has committed to transparency in disclosing any potential changes in management or business strategy [151]. - The company has established regulations for related party transactions to ensure compliance with legal and governance standards [156]. - The company has committed to maintaining a fair and transparent process for any unavoidable related party transactions [156]. - The company has committed to avoiding substantial competition with its controlling shareholders' businesses, ensuring protection of shareholder interests [155]. Investment and Financial Management - The company has invested CNY 2,195,000.00 during the reporting period, a significant increase of 77.12% compared to CNY 1,239,250.00 in the same period last year [77]. - The company has made strategic adjustments to its marketing investments to better meet regional market demands [89]. - The company has committed to measures to mitigate the dilution of immediate returns from the major asset restructuring announced on July 30, 2021 [148]. - The company has reported a fair value loss of CNY 18.11 million on financial assets during the reporting period [80]. - The company has made various commitments regarding shareholding and competition, all of which are being fulfilled as planned [146]. Subsidiary Performance - The company’s subsidiary Tianjin Communications reported a net loss of CNY 19,035,777.36 for the period [114]. - The subsidiary Sanwu Digital reported a net profit of CNY 3,852,146 for the period [115]. - The company’s subsidiary Daoxi Technology reported a net profit of CNY 10,562,619.2 for the period [114]. - Daoxi Technology achieved a revenue of CNY 23,587,084.16 and a net profit of CNY 10,562,619.29, with a 40.41% increase in net assets year-over-year [116]. - Sanwu Digital generated a revenue of CNY 10,236,711.53 and a net profit of CNY 3,065,253.07, reflecting a 64.66% increase in net profit compared to the previous year [116]. Social Responsibility and Corporate Culture - There is a recognition of gaps in fulfilling social responsibilities, particularly in poverty alleviation and rural revitalization efforts [143]. - The company aims to enhance its social responsibility management and improve communication with stakeholders [143]. - The company has committed to maintaining a good corporate culture and providing higher quality products and services to customers [143]. - The company is dedicated to contributing to sustainable social development and providing broader development opportunities for employees [143].

Financial Performance - The company reported a net profit of negative value for the last three accounting years after deducting non-recurring gains and losses, indicating a need for measures to enhance resource utilization and revenue generation [6]. - The company's operating revenue for 2020 was ¥221,676,657.80, a decrease of 23.11% compared to ¥288,308,607.71 in 2019 [30]. - The net loss attributable to shareholders was ¥68,802,674, representing a 73.26% improvement from a loss of ¥257,255,734 in 2019 [30]. - The net cash flow from operating activities decreased by 62.94% to ¥19,408,981.80 from ¥52,377,893.30 in the previous year [30]. - The total assets at the end of 2020 were ¥699,891,894, down 13.44% from ¥808,535,974 at the end of 2019 [30]. - The net assets attributable to shareholders decreased by 21.82% to ¥244,788,215 from ¥313,096,456 in 2019 [30]. - The basic and diluted earnings per share improved to -¥0.19 in 2020 from -¥0.70 in 2019, a 72.86% increase [30]. - The company's overall operating revenue decreased by 23.11% year-on-year, totaling 221,676,657.80 CNY, with a gross margin of 52.16% [68]. - The revenue from game products decreased by 15.13% year-on-year, amounting to 53,330,342.57 CNY, with a gross margin of 84.50% [68]. - The revenue from the software product sales segment decreased by 44.55% year-on-year, totaling 10,424,014.65 CNY, with a gross margin of 70.18% [68]. Business Strategy and Development - The company plans to expand its game business and mobile communication resale business to increase revenue, while optimizing cost control and human resource structure [6]. - The company is actively developing new game products and updating existing ones to maintain competitiveness in the gaming market [16]. - The company aims to diversify its operations by integrating its mobile resale business with various smart products to achieve differentiated growth [14]. - The company is focused on expanding its market presence and profitability through strategic partnerships and product diversification in the internet and gaming sectors [45]. - The company plans to enhance its mobile office client and develop a mobile intelligent website building platform to meet the needs of mobile e-commerce [46]. - The company aims to expand its mobile game business and mobile communication resale business by leveraging its R&D advantages and existing telecommunications licenses [47]. - The company is committed to integrating existing platform resources to further develop its mobile game and telecom resale businesses, aiming for synergy across the internet industry [144]. - The company plans to continue developing its CRM product, which is currently in the market introduction phase [111]. Risk Management and Compliance - The company has identified six significant non-financial internal control deficiencies during the reporting period, which need to be addressed [5]. - The company is addressing the risk of reliance on core technical personnel by implementing a mature talent reserve mechanism and adjusting incentive measures [12]. - The company is committed to complying with regulatory requirements in the telecommunications sector while enhancing network security measures [14]. - The company has established a comprehensive information security management system to mitigate risks related to internet, system, and data security [9]. - The company reported a non-standard audit report with a section indicating "significant uncertainty related to going concern," which the board is actively addressing [192]. - The board emphasized the importance of resolving the issues raised in the audit report to mitigate their impact on the company's operations and investor interests [193]. Intellectual Property and Innovation - The company has established a comprehensive intellectual property management system to protect its rights and actively apply for product copyrights [18]. - The company focuses on providing SaaS solutions for SMEs, enhancing cloud office applications like enterprise email and OA systems, and has developed products such as "35 Cloud Portal" and "35 Business Management" to improve operational efficiency [39]. - The company aims to innovate its product offerings, including cloud computing and mobile office solutions, to meet the evolving needs of its clients, ensuring seamless integration across multiple devices [41]. - The company has introduced innovative products like "Three Five Business Card Chain" and "Knock Knock Here" to enhance customer engagement and operational management for businesses [39]. Market Environment and Competition - The company is facing significant market competition in the software operation service industry, necessitating a focus on product development and user experience [8]. - The company has seen a continuous expansion in the internet service market, driven by government support for the new generation of information technology, with significant growth in demand for software services [40]. - The overall industry environment is favorable due to government support for new information technology and the expansion of the internet market [140]. Financial Management and Fundraising - The total amount of raised funds is 48,296.61 million CNY, with 46,946.61 million CNY already utilized, representing a utilization rate of 97.22% [106]. - The company has a remaining balance of 1,350 million CNY in the fundraising account, which has not been utilized [106]. - The company has committed to invest 5,904 million CNY in the upgrade of the enterprise mail system, with 3,200.12 million CNY already invested, achieving 100% of the planned investment [107]. - The company has a total of 1,600 million CNY in funds that have been repurposed, accounting for 33.59% of the total raised funds [106]. - The company has reported a total of 72,245.05 million in fundraising projects, with a shortfall of 1,845 million [111]. Shareholder Commitments and Governance - The company has committed to avoiding any substantial competition with its controlling shareholder's other businesses [159]. - The company has established a management system for related party transactions to ensure compliance with relevant regulations and protect the interests of minority shareholders [160]. - The company has committed to not reducing shareholdings during the implementation period of the transaction announced in February 2020, with compliance confirmed [153]. - The company has confirmed normal performance in shareholding plans and transactions as of June 2020 [152]. - The company has committed to fulfilling legal procedures and disclosure obligations for any necessary adjustments in the future [158].

Financial Performance - The company reported a net profit of negative value for the last three accounting years, indicating a need for measures to enhance resource utilization and optimize cost control [6]. - The company has reported negative net profits for the last three consecutive fiscal years, leading to a risk warning for its stock trading [20]. - The net loss attributable to shareholders was ¥93,777,162, representing a 63.55% improvement from a loss of ¥257,255,734 in 2019 [30]. - The basic earnings per share improved to -¥0.26 in 2020 from -¥0.70 in 2019, a 62.86% increase [30]. - The total profit for the period was -¥95,865,168.80, while the net profit attributable to the parent company was -¥93,777,162.86, reflecting an increase of 62.28% and 63.55% respectively, mainly due to a decrease in goodwill impairment for the subsidiary [53]. - The company reported a negative net profit after deducting non-recurring gains and losses for the last three accounting years, indicating ongoing financial challenges [31]. - The company’s operating revenue for 2020 was ¥221,676,657.80, a decrease of 23.11% compared to ¥288,308,607.71 in 2019 [30]. - The net cash flow from operating activities decreased by 62.94% to ¥19,408,981.80 from ¥52,377,893.30 in the previous year [30]. - The total assets at the end of 2020 were ¥699,891,894, down 13.44% from ¥808,535,974 at the end of 2019 [30]. - The net assets attributable to shareholders decreased by 21.82% to ¥244,788,215 from ¥313,096,456 in 2019 [30]. Business Strategy and Development - The company plans to expand its game business and mobile communication resale business to increase revenue [6]. - The company is actively developing new game products and updating existing ones to maintain competitiveness in the gaming market [16]. - The company aims to diversify its operations by integrating its mobile resale business with various smart products [14]. - The company is focusing on providing SaaS solutions for SMEs, enhancing cloud office applications like enterprise email and OA systems, and has developed products such as "35 Cloud Portal" and "35 Business Management" to improve operational efficiency [39]. - The company aims to innovate its product offerings, including cloud services and intelligent terminal products, to create a comprehensive cloud office solution that allows users to manage tasks seamlessly across multiple devices [41]. - The company is committed to enhancing its market competitiveness and profitability by exploring synergies between its gaming and virtual operator businesses, aiming for a comprehensive development in the internet industry [45]. - The company plans to enhance its enterprise service products, including the development of a mobile office client and an upgraded intelligent website building platform [46]. - The company aims to expand its mobile game business and mobile communication resale business, leveraging its R&D advantages to introduce various game products [47]. - The company is actively expanding its gaming business through its subsidiary, Daoxi Technology, which is focusing on mobile game development and leveraging partnerships with platforms like Tencent to enhance market competitiveness [44]. Compliance and Internal Control - The company has identified six significant non-financial internal control deficiencies during the reporting period, which need to be addressed [5]. - The company is committed to complying with regulatory requirements in the telecommunications sector while enhancing its network security measures [14]. - The company has established a comprehensive information security management system to mitigate risks related to data security and system stability [9]. - The company has established a comprehensive intellectual property management system to protect its rights and actively apply for product copyrights [18]. - The company has made commitments regarding the authenticity, accuracy, and completeness of the information provided, with compliance confirmed as of February 2020 [155]. - The company has confirmed that there are no significant changes in its operational commitments as of the reporting period [155]. - The company has committed to fulfilling information disclosure obligations in case of any changes in shareholding [158]. - The company has established management systems for related party transactions to ensure compliance with relevant regulations and protect the interests of minority shareholders [162]. Market Competition and Challenges - The company is facing significant market competition in the software operation service industry, necessitating a focus on product development and user experience [8]. - The company has seen a continuous expansion in the internet service market, supported by national policies promoting the digital economy and the integration of new technologies like 5G, which is expected to drive growth in cloud computing and big data [40]. - The company has experienced a significant reduction in non-operating income, with a total of -¥9,279,795.48 in 2020 compared to an income of ¥8,053,213.77 in 2019 [36]. - The company has reported a non-standard audit report with a section indicating significant uncertainties related to going concern, which the board is actively addressing [194]. Investments and Acquisitions - The company acquired 100% equity of Shenzhen Xinnan Technology Co., Ltd. for 130,000.00 on March 30, 2020, with a revenue of 24,162,222.67 and a net profit of 19,061,708.35 from the acquired entity [76]. - The company completed the acquisition of Shenzhen Xinman Technology Co., Ltd. on March 30, 2020, with a total acquisition cost of CNY 130 million and recognized revenue of CNY 24,162,222.67 from the acquired entity [199]. - The company has invested 15.5 million yuan in Sanwu New Energy, which is still in the early investment phase and has not yet reached expected operational status [130]. - The company plans to acquire 100% equity of Wanrui (Shanghai) E-commerce Co., Ltd. through a combination of issuing shares and cash payment, while also raising matching funds through a private placement [179]. Shareholder Commitments and Governance - The company has committed to not reducing shareholdings during the commitment period, which began on July 25, 2009, and has been strictly adhered to until the reporting period [156]. - The company has reported that all commitments made by major shareholders have been strictly adhered to as of the reporting period [155]. - The company has committed to maintaining the independence of its operations, assets, and finances post-equity change [161]. - The company has established an independent financial department and accounting system to ensure financial independence [161]. - The company will avoid engaging in any business that competes with the listed company to protect shareholder interests [161]. - The company has committed to using raised funds strictly for operational purposes and will not engage in high-risk investments [187]. Future Outlook and Plans - The company aims to improve cash flow, optimize asset structure, and allocate resources to support core business development for sustainable growth [134]. - The company plans to implement new leasing standards starting January 1, 2021, in accordance with the revised accounting standards issued by the Ministry of Finance [198]. - The company will continue to deepen its strategic development in the gaming industry through its wholly-owned subsidiary, Daoxi Technology [144]. - The company plans to focus on core business areas to align with long-term interests and avoid harming shareholder interests [134]. - The company has no current plans for significant adjustments to its board of directors or senior management following the recent equity changes [159].

Financial Performance - The company's operating revenue for Q1 2021 was ¥54,302,752.41, representing a 3.72% increase compared to ¥52,357,269.14 in the same period last year[7]. - Net profit attributable to shareholders was ¥2,694,925.86, a significant increase of 296.32% from a loss of ¥1,372,744.20 in the previous year[7]. - The net profit after deducting non-recurring gains and losses was ¥947,778.08, up 125.71% from a loss of ¥3,686,474.25 in the same period last year[7]. - The net cash flow from operating activities reached ¥6,413,659.12, marking a 509.76% improvement from a negative cash flow of ¥1,565,213.08 in the previous year[7]. - Basic and diluted earnings per share were both ¥0.0074, compared to a loss of ¥0.0038 per share in the same period last year, reflecting a 294.74% increase[7]. - The company reported a turnaround in Q1 2021, achieving profitability after consecutive losses in the previous three years, but faces risks if it cannot maintain profitability throughout 2021[33]. Assets and Liabilities - The total assets at the end of the reporting period were ¥673,903,639.47, a decrease of 3.71% from ¥699,891,894.67 at the end of the previous year[7]. - Total liabilities decreased by 6.96% to ¥430,854,360.44, down from ¥463,061,723.56 at the beginning of the year[20]. - The company's total assets decreased by 4.20% to RMB 673,903,639.47 as of March 31, 2021, down from RMB 703,481,418.54 at the beginning of the year[18]. - The total equity attributable to shareholders increased to ¥247,493,387.49, up 1.11% from ¥244,788,215.04 at the end of the previous year[7]. Shareholder Engagement and Commitments - The company has committed to fulfilling various shareholder promises, including shareholding plans that are currently being executed normally[38]. - The company has ongoing shareholding plans that are expected to be executed within the next 12 months, indicating a stable outlook for shareholder engagement[39]. - The company has made commitments regarding related party transactions and fund usage, which have been fulfilled as of the report date[39]. - The company is focused on maintaining its listing status and has made commitments to uphold this objective[39]. Business Strategy and Development - The company plans to enhance its cloud service offerings and intelligent terminal products, focusing on mobile office solutions and cloud computing technologies[28]. - The company is focusing on expanding its core businesses, including enterprise postal services, office automation systems, website construction, domain registration, and hosting services, while promoting its mobile cloud office strategy with products like "35 Meeting Management" and "35 Cloud Portal" to enhance operational efficiency and cost savings for clients[29]. - The company plans to actively develop its existing main business and optimize asset quality and business structure to enhance competitiveness and profitability[43]. - The company plans to issue shares and pay cash to acquire 100% of Wanrui (Shanghai) E-commerce Co., Ltd. and will also raise matching funds through a private placement[80]. Compliance and Governance - The company has committed to strict compliance with legal procedures and information disclosure obligations for any future changes[44]. - The company has established independent financial accounting systems and management practices[49]. - The company guarantees that all provided information regarding the transaction is true, accurate, and complete, with no false records or misleading statements[68]. - The company has maintained compliance with national and local laws, with no significant economic disputes or administrative penalties in the past five years[69]. Investment and Fundraising - The total amount of raised funds is CNY 48,296.61 million, with CNY 1,350 million invested in the current quarter[96]. - The company has committed to invest CNY 21,516.2 million in various projects, with a total of CNY 10,285 million already invested[97]. - The company has established multiple subsidiaries, including Xiamen Sanwu Mobile Communications Technology Co., Ltd. with an investment of CNY 1,020 million[97]. - The company has completed the transfer of 95.50% equity in Beijing Yizhong Postal Information Technology Co., Ltd. for 1,500 million, with the funds returned to the company's fundraising account[98]. Operational Efficiency - The company's R&D expenses decreased by 12.25% to RMB 5,053,077.09 compared to RMB 5,758,628.75 in the same period last year[22]. - The company reported a significant increase in other income, which rose by 25,701.31% to RMB 40,072.01 due to increased non-operating income[24]. - The company has achieved a project completion rate of 100% for several key investment projects[96]. - The company has established technical support and marketing centers in 18 cities, falling short of the initial target of 30 cities due to adjustments in personnel and cost control[99].

Financial Performance - The company reported a net profit of negative value for the last three accounting years after deducting non-recurring gains and losses, indicating a need for measures to enhance resource utilization and improve profitability[6]. - The company has reported negative net profits for the last three consecutive years, leading to a risk warning for its stock trading[20]. - The company's operating revenue for 2020 was ¥221,676,657.80, a decrease of 23.11% compared to ¥288,308,607.71 in 2019[30]. - The net loss attributable to shareholders for 2020 was ¥93,777,162, representing a 63.55% improvement from a loss of ¥257,255,734 in 2019[30]. - The net cash flow from operating activities decreased by 62.94% to ¥19,408,981.80 in 2020, down from ¥52,377,893.30 in 2019[30]. - The total assets at the end of 2020 were ¥699,891,894, a decline of 13.44% from ¥808,535,974 at the end of 2019[30]. - The net assets attributable to shareholders decreased by 21.82% to ¥244,788,215 at the end of 2020, down from ¥313,096,456 at the end of 2019[30]. - The basic earnings per share improved to -¥0.26 in 2020 from -¥0.70 in 2019, marking a 62.86% increase[30]. - The weighted average return on equity was -35.18% in 2020, an improvement from -57.07% in 2019[30]. - The total profit for the period was -¥95,865,168.80, and the net profit attributable to the parent company was -¥93,777,162.86, representing an increase of 62.28% and 63.55% respectively, mainly due to a reduction in goodwill impairment for the subsidiary[53]. Business Strategy and Development - The company is actively expanding its game business and mobile communication resale business to increase revenue[6]. - The company has launched a series of cloud office products, including 35 Cloud Attendance and 35 Cloud Portal, to differentiate its offerings and enhance customer trust[8]. - The company is focusing on developing new game products and updating existing ones to maintain competitiveness in the gaming market[16]. - The company plans to continue investing in research and development to ensure sustainable growth in its gaming business[17]. - The company aims to innovate its product offerings, including cloud services and intelligent terminal products, to create a comprehensive cloud office solution that allows users to manage tasks seamlessly across multiple devices[41]. - The company is actively developing mobile gaming through its subsidiary, Dao Xi Technology, which is expanding its product line to include H5 games and leveraging partnerships with platforms like Tencent to enhance market competitiveness[44]. - The company plans to continue its dual cloud strategy, focusing on the innovation and iteration of enterprise office products, while also enhancing its gaming and virtual operator businesses to strengthen its position in the internet industry[45]. - The company aims to expand its mobile game business and mobile communication resale business by leveraging its R&D advantages and actively launching various game products[47]. Market Competition and Risks - The company faces significant market competition risks as the software operation service industry in China is rapidly growing, with many new entrants[8]. - The company has established formal cooperation with major telecom operators to enhance its mobile resale business, integrating resources to provide unified communication services[45]. - The company has obtained a value-added telecommunications business operation license, but faces increasing competition in the virtual operator sector[13]. Internal Controls and Compliance - The company has identified six significant non-financial internal control deficiencies during the reporting period, which need to be addressed[5]. - The company has established a comprehensive information security management system to mitigate risks related to internet, system, and data security[9]. - The company has established a comprehensive intellectual property management system to protect its rights and actively apply for product copyrights[18]. - The company has committed to avoiding competition and related transactions, with compliance confirmed as of February 11, 2020[155]. - The company has made a commitment to maintain the authenticity, accuracy, and completeness of the provided information, with compliance confirmed as of February 11, 2020[155]. Shareholder and Governance Matters - The stock will be suspended for one day on April 23, 2021, and will resume trading on April 26, 2021, under the new name "ST Sanwu" with a trading limit of 5%[20]. - No cash dividends or stock bonuses will be distributed to shareholders for the current fiscal year[20]. - The company has reported a commitment to transparency in financial reporting and governance practices, with compliance confirmed as of the report date[155]. - The company has confirmed that all major shareholders are committed to avoiding conflicts of interest and ensuring independent operations[154]. - The company has established management systems for related party transactions to ensure compliance with relevant regulations and protect the interests of minority shareholders[162]. Financial Management and Investments - The company has established an independent financial department and accounting system, ensuring compliance with tax regulations[161]. - The company has committed to not reducing shareholdings during the commitment period, which started from July 25, 2009, and will continue until the commitments are fulfilled[156]. - The company has a total of 1,600 million CNY in funds that have been repurposed, accounting for 33.59% of the total raised funds[106]. - The company has reported a total of 4,588 million CNY allocated to technology support and marketing center upgrades, with 100% of the investment completed[108]. - The company has utilized CNY 12.0736 million of surplus raised funds for permanent working capital as of December 31, 2020[125]. Operational Efficiency and Cost Management - The company is committed to reducing costs and improving average employee efficiency through its independent accounting management systems[39]. - The company's operating costs decreased by 22.96% year-on-year, totaling 106,053,819.64 CNY[72]. - The company reported a significant reduction in operating costs for game products, with a decrease of 45.64% year-on-year in operational expenses[72]. - The company has made strategic adjustments in personnel and expenses to align with market demands, enhancing operational efficiency[112]. Subsidiaries and Acquisitions - The company completed the acquisition of Shenzhen Xinman Technology Co., Ltd. on March 30, 2020, with a total acquisition cost of CNY 130 million, and reported revenue of CNY 24,162,222.67 and net profit of CNY 19,061,708.35 from the acquired entity[197]. - The company disposed of its stake in Beijing Yizhong Postal Information Technology Co., Ltd. for CNY 15 million, resulting in a loss of CNY 24,880,800.32 upon loss of control on December 29, 2020[198]. - The company has established new subsidiaries and made equity investments, including a 300,000 yuan investment in Shenzhen Guoniu Education Training Co., Ltd., acquiring a 3% stake[101]. Future Outlook and Plans - The company plans to enhance its cloud service offerings and intelligent terminal products, focusing on mobile internet and cloud computing, supported by national policies[140]. - The company will continue to implement its dual-cloud strategy, focusing on innovation and iteration of enterprise office products, including upgrades to "35 Cloud Portal" and "Three Five Business Card Chain" to enhance user experience and service offerings[144]. - The company plans to enhance its mobile office client and develop a mobile intelligent website building platform to meet the needs of enterprises for mobile image display and e-commerce[46].

厦门三五互联科技股份有限公司·2020 年第三季度报告 厦门三五互联科技股份有限公司 2020 年第三季度报告 公告编号：2020-177 2020 年 10 月 27 日 1 / 52 厦门三五互联科技股份有限公司·2020 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人丁建生先生、主管会计工作负责人郑文全先生及会计机构负责人(会计主管人 员)何碧帮先生声明：保证季度报告中财务报表的真实、准确、完整。 第 2 页 / 共 52 页 厦门三五互联科技股份有限公司·2020 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 ■否 | 项目 | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产(元) | 767,548,460.33 | 808,535,974. ...

Financial Performance - The company reported a significant loss in the first half of 2020 due to the impact of the pandemic and unmet business targets, continuing a trend of substantial losses from 2018 and 2019[10]. - The company's operating revenue for the reporting period was ¥118,721,094.31, a decrease of 22.33% compared to the same period last year[23]. - The net profit attributable to shareholders was -¥5,829,695.67, representing a decline of 295.14% year-on-year[23]. - The net cash flow from operating activities was ¥7,406,581.80, down 70.97% from the previous year[23]. - The total assets at the end of the reporting period were ¥781,232,643.46, a decrease of 3.38% compared to the end of the previous year[23]. - The net assets attributable to shareholders were ¥307,837,163.80, down 1.68% from the previous year[23]. - The total profit for the period was CNY -7,197,058.41, and the net profit attributable to the parent company was CNY -5,829,695.67, representing decreases of 192.00% and 295.14% respectively[54]. - The gross margin for the total revenue was 47.04%, which is a decline of 8.23% year-over-year[64]. Business Strategy and Development - The company plans to enhance resource utilization efficiency and optimize cost control measures to improve profitability, focusing on mobile game business expansion and telecommunications resale services[10]. - The company aims to leverage existing R&D experience to launch new game products and strengthen partnerships with gaming platforms to enhance operational quality[7]. - The company is committed to improving its product development concepts to lower costs and enhance profit margins amid increasing competition in the gaming industry[10]. - The company will continue to integrate existing platform resources to support its growth strategy in the gaming industry[10]. - The company is focusing on mobile cloud office strategies with products like "35 Cloud Portal" and "35 Business Card Chain" to improve operational efficiency for clients[32]. - The company plans to continue improving its enterprise service products, including upgrades to its mobile office client and the development of a mobile intelligent website building platform[37]. - The company aims to expand its mobile game and communication resale businesses, focusing on developing new game products and utilizing its telecommunications business license[38]. - The company is enhancing its product competitiveness through continuous updates and integration of mobile internet with various industries[57]. Market Competition and Risks - The company faces risks related to reliance on a limited number of game products, which may affect overall profitability if new impactful products are not launched timely[7]. - The gaming market is experiencing intensified competition, with established companies and emerging teams posing significant challenges to the company's market share[8]. - The company acknowledges the risk of core technical talent loss, which could adversely affect long-term sustainable development if not addressed[10]. - The company faces significant market competition risks in the software operation service industry, necessitating a focus on product differentiation and user experience[41]. - The mobile resale business faces increasing competition and regulatory risks, which may impact revenue growth; the company aims to adapt its business model accordingly[47]. Talent and Human Resources - The company emphasizes the importance of maintaining a stable core team to ensure healthy development and mitigate operational risks[10]. - The company is addressing the risk of reliance on core technical personnel by establishing a talent reserve mechanism and adjusting compensation to retain key staff[43]. - The company emphasizes talent development and has established a high-quality workforce through training programs[52]. - The company has a stable core technology team and a large direct sales elite team, enhancing customer loyalty and market insight[51]. Innovation and Technology - The company is committed to continuous innovation in cloud computing technology to meet the evolving needs of its enterprise clients[31]. - The company has established a comprehensive intellectual property management system to protect its rights and actively applies for product copyrights and trademark registrations[46]. - The company is implementing a dual-cloud strategy to innovate and iterate its enterprise office products[56]. - The company is enhancing its game product offerings by continuously updating existing games and launching new titles across various genres to ensure sustainable business development[125]. Financial Management and Investments - The company will not distribute cash dividends, issue bonus shares, or increase capital from reserves for the reporting period[11]. - The company has established a cost control plan for 2020, focusing on optimizing human resources and product development to enhance profitability[39]. - The company is pursuing a cautious investment strategy for mergers and acquisitions, focusing on targets that align closely with its core business to maximize value[43]. - The company has committed to shareholding reduction plans initiated by controlling shareholder Gong Shaohui, with a commitment period of 12 months starting from January 2020, but has encountered abnormal performance in fulfilling this commitment[134]. - The company plans to use surplus fundraising of 1,550 million CNY for further investments in subsidiaries[96]. Related Party Transactions and Compliance - The company has established regulations for related party transactions, ensuring compliance with relevant laws and protecting the interests of minority shareholders[142]. - The company has committed to avoiding any related party transactions that could harm its interests, ensuring compliance with regulatory requirements[169]. - The company has not engaged in any related party transactions prior to the current changes, maintaining a clear separation from its controlling shareholders[141]. - The company guarantees that it will not obtain any improper benefits through related transactions, and any losses incurred due to violations will be borne by the company[154]. Legal and Regulatory Matters - The company has not faced any administrative penalties or major economic disputes in the past five years, complying with national and local laws[156]. - The company has a pending lawsuit with an involved amount of 497.45 million yuan, with some cases already adjudicated and others still in progress[175]. - The company received a warning from the Xiamen Securities Regulatory Bureau regarding compliance with information disclosure laws, prompting a commitment to improve practices[181]. - The company has not reported any plans for share reduction by its directors or senior management during the transaction period, indicating confidence in its stock performance[169].

厦门三五互联科技股份有限公司 2020 年第一季度报告全文 厦门三五互联科技股份有限公司 2020 年第一季度报告 公告编号：2020-095 2020 年 4 月 第 1 页 / 第 50 页 厦门三五互联科技股份有限公司 2020 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人龚少晖先生、主管会计工作负责人郑文全先生及会计机构负责人(会计主管人 员)何碧帮先生声明：保证季度报告中财务报表的真实、准确、完整。 第 2 页 / 第 50 页 厦门三五互联科技股份有限公司 2020 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 ■是 □否 追溯调整或重述原因： 会计差错更正 | 项目 | 本报告期 | 上年同期 | | 本报告期比上年 | | --- | --- | --- | --- | --- | | | | | | 同期增减 | | | | 调 ...

Financial Performance - Total revenue for Q1 2020 was ¥52,357,269.14, a decrease of 26.19% compared to ¥70,931,624.68 in the same period last year[7]. - Net profit attributable to shareholders was -¥1,372,744.20, representing a decline of 133.23% from ¥4,130,722.11 year-on-year[7]. - Basic and diluted earnings per share were both -¥0.0038, a decrease of 133.63% compared to ¥0.0113 in the same period last year[7]. - The company reported a net loss from investment income of RMB -290.90, a decrease of 163.73% compared to a profit of RMB 456.46 in the previous year[22]. - The company reported a total cash inflow from financing activities of 257,835.00 yuan, with cash outflow amounting to 10,398,593.98 yuan, leading to a net cash flow of -10,140,758.98 yuan from financing activities[116]. Cash Flow and Assets - Net cash flow from operating activities was -¥1,565,213.08, down 115.40% from ¥10,164,574.81 in the previous year[7]. - Total assets at the end of the reporting period were ¥789,167,453.63, a decrease of 2.40% from ¥808,535,974.26 at the end of the previous year[7]. - The company's cash and cash equivalents decreased by RMB 21,886,239.50, representing a decline of 315.00% compared to the previous year[22]. - The company's cash and cash equivalents dropped to ¥21,210,455.47 from ¥52,490,058.80 at the end of 2019[99]. - The total cash outflow from investing activities was -¥3,116,460.44, a decrease from -¥25,499,679.05 in the previous period, indicating reduced investment activity[112]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 55,977[11]. - The largest shareholder, Gong Shaohui, holds 36.88% of the shares, totaling 134,886,701 shares[11]. - The company did not engage in any repurchase transactions during the reporting period[12]. - The company has committed to not reducing its shareholdings during the implementation period of its recent transaction, reflecting a commitment to stability[33]. Regulatory Compliance and Governance - The company received public reprimands from the Shenzhen Stock Exchange, which may impact its future operations and investor confidence[31]. - The actual controller and major shareholders have committed to various promises regarding stock incentives and compliance with regulations, ensuring adherence to corporate governance standards[32]. - The company has implemented corrective measures as mandated by the Xiamen Securities Regulatory Bureau, indicating a proactive approach to regulatory compliance[31]. - The company has committed to ensuring the authenticity and accuracy of the information provided in its reports[34]. Investment and Strategic Focus - The company is focusing on the dual cloud strategy, enhancing enterprise office product innovation and system iteration, and developing a one-stop mobile information cloud service platform for SMEs[27]. - The company aims to expand its game and virtual operator businesses, leveraging synergies in the internet industry to enhance market competitiveness and profitability[27]. - The company plans to issue shares and pay cash to acquire 100% of Wanrui (Shanghai) E-commerce Co., Ltd. and will raise matching funds through a private placement of shares[58]. - The company has adjusted its investment plans in response to changes in government subsidy policies for new energy vehicles, focusing on enhancing operational efficiency[76]. Related Party Transactions - The company is engaged in ongoing discussions regarding related party transactions and fund occupation issues, aiming to resolve these matters effectively[32]. - The company has made promises to avoid competition and related party transactions, which may enhance its market positioning and investor trust[33]. - The company guarantees that no related party transactions will harm the interests of the listed company and its minority shareholders[45]. - The company has established a commitment to avoid and minimize related party transactions with its subsidiaries, ensuring fair and reasonable dealings[55]. Future Outlook and Challenges - The company has faced significant losses in recent years and is implementing measures to improve resource utilization and control costs to mitigate risks of potential stock suspension[28]. - The company’s financial performance reflects ongoing challenges in achieving projected benefits from its investments due to market changes[75]. - The company has reported a commitment to reduce and regulate related party transactions, with compliance confirmed as of February 11, 2020[34]. - The company has not reported any violations regarding external guarantees during the reporting period[86].

Financial Performance - The company reported a total revenue of ¥288,308,607.71 in 2019, representing a year-over-year increase of 22.79% from ¥234,806,558.59 in 2018[71]. - The net loss attributable to shareholders was ¥257,255,734, an improvement of 25.62% from a loss of ¥420,824,013 in the previous year[23]. - The company's operating revenue for 2019 was ¥288,308,607, representing a 22.79% increase compared to ¥234,806,558 in 2018[23]. - The company reported a total revenue of 361.4 million in 2019, reflecting a year-on-year growth of 42%[50]. - The company reported a total revenue of 1.2 billion RMB, marking a 15% increase compared to the previous year[57]. - The company reported a total revenue of 302.6 million in 2019, reflecting a year-on-year growth of 39%[54]. - The company achieved a revenue of 297.56 million RMB for the year, reflecting a growth of 12% compared to the previous year[61]. - The company reported a total of 5,904 million in fundraising for the project "Three Five Internet Post Office," with 100% of the funds utilized by the end of the reporting period[119]. Market Competition and Risks - The gaming market is experiencing intensified competition, with established companies and emerging teams posing challenges to the company's market share[6]. - The company reported significant reliance on a limited number of game products, which poses a risk to overall profitability if new impactful products are not launched timely[5]. - The company faces market competition risks as the software operation service industry grows rapidly, necessitating a focus on product differentiation and user experience[169]. - The mobile resale business is facing increasing competition and regulatory pressures, which may impact growth rates and require adjustments to business models[179]. - The company is at risk of losing core technical personnel, which could impact operations, and has established a talent reserve mechanism to address this issue[173]. Strategic Initiatives and Future Plans - The company plans to enhance resource utilization efficiency and expand mobile game and communication resale businesses to increase revenue[9]. - The company aims to strengthen its core advantages and expand market share through the continuous development of high-quality games[7]. - The company plans to optimize cost control and improve human resource structure to enhance profit margins[9]. - The company is focusing on expanding its market presence through new product development and technological research, aiming to enhance its service offerings[53]. - The company plans to expand its market presence in Southeast Asia, targeting a 20% increase in market share by 2021[51]. - The company aims to enhance its competitive edge by integrating existing products into a platform-level product after the completion of the enterprise cloud disk function[46]. - The company is committed to expanding its market presence and exploring new business strategies to drive future growth[62]. Product Development and Innovation - The company is committed to launching new game products based on existing R&D experience to improve operational quality[5]. - The company has launched the "35 Cloud Portal," a digital asset management and application platform aimed at providing comprehensive solutions for enterprise clients[41]. - The company has increased R&D investment to enhance product competitiveness and improve product iteration processes[43]. - The company has launched 4 new self-developed games during the reporting period, with 6 games currently in operation[67]. - The focus of game development has shifted towards H5 games, with plans to diversify the product offerings further with the upcoming launches of "PPXY," "SFLL," and "RYXX"[46]. - The company has established a comprehensive intellectual property management system to protect its rights and actively applies for product copyrights and trademark registrations[178]. Financial Management and Investments - The company will not distribute cash dividends, issue bonus shares, or increase share capital from reserves[10]. - The company has made significant adjustments to its financial statements due to accounting errors, resulting in an increase in net profit for 2018 by ¥74,970,769.86[25]. - The company has received formal licenses to operate as a virtual operator, collaborating with major telecom operators to expand its market presence[35]. - The company has invested 11 million CNY in Xiamen Luowa Network Technology Co., holding a 15% stake, and established Shenzhen Aishida Technology Co. with an investment of 1 million CNY, holding 100%[42]. - The company has a total of ¥1,302.89 million in unutilized raised funds[116]. - The company has allocated 100 million RMB for research and development in new technologies, focusing on data conversion and electronic media[56]. Operational Efficiency and Cost Management - The company emphasizes the importance of retaining core technical talent to ensure sustainable development amidst business expansion[9]. - The company has established a cost control plan for 2020, focusing on optimizing personnel structure and enhancing operational efficiency to manage expenses effectively[168]. - The company aims to reduce operational costs by 10% through efficiency improvements and automation initiatives[51]. - The total operating costs for 2019 amounted to ¥137,655,543.27, representing a 71.33% increase compared to ¥80,347,374.79 in 2018[83]. Shareholder and Regulatory Compliance - The company has not distributed any cash dividends or conducted capital reserve transfers in the past three years, reflecting a focus on reinvestment rather than shareholder returns[184]. - The actual controller and shareholders have fulfilled their commitments as of the end of the reporting period[186]. - The company has maintained compliance with all commitments made during the asset restructuring process[186]. - The company has confirmed that all related party transactions will be conducted fairly and transparently, adhering to corporate governance standards[197].