Financial Performance - The company's operating revenue for Q1 2022 was ¥42,651,987.48, a decrease of 21.46% compared to ¥54,302,752.41 in the same period last year[3]. - The net profit attributable to shareholders was a loss of ¥1,409,968.59, representing a decline of 152.32% from a profit of ¥2,694,925.86 in the previous year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥2,200,808.00, a decrease of 332.21% compared to ¥947,778.08 in the same period last year[3]. - Net profit for Q1 2022 was a loss of CNY 1,915,217.79, compared to a profit of CNY 2,619,337.46 in Q1 2021, indicating a significant decline[28]. - The company's total assets decreased to CNY 614,780,988.44 from CNY 649,083,117.39, a reduction of approximately 5.3%[24]. - Total operating revenue for Q1 2022 was CNY 42,651,987.48, a decrease of 21.5% compared to CNY 54,302,752.41 in Q1 2021[26]. Cash Flow - The net cash flow from operating activities increased by 17.97% to ¥7,566,033.03, up from ¥6,413,659.12 in the previous year[3]. - The total cash inflow from operating activities was ¥49,681,215.52, while the cash outflow was ¥42,115,182.49, resulting in a net inflow of ¥7,566,033.03[31]. - The net cash flow from investment activities increased by 80.56% compared to the same period last year, primarily due to a decrease in cash paid for the purchase of fixed assets, intangible assets, and other long-term assets[12]. - The net cash flow from financing activities decreased by 207.67% year-on-year, mainly due to a reduction in cash flow from interest-free loans from shareholders[13]. - The net increase in cash and cash equivalents decreased by 47.42% year-on-year, primarily due to the reduction in net cash flow from financing activities[13]. - The cash inflow from financing activities was ¥21,000,000.00, while the cash outflow totaled ¥54,268,769.70, leading to a net cash flow of -¥33,268,769.70[32]. Assets and Liabilities - Total assets at the end of the reporting period were ¥614,780,988.44, down 5.28% from ¥649,083,117.39 at the end of the previous year[3]. - Total liabilities decreased to CNY 399,942,803.17 from CNY 432,527,420.11, representing a decline of about 7.5%[24]. - The total current assets decreased from RMB 108,487,477.73 to RMB 79,910,179.79[22]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 27,233, with no preferred shareholders[15]. - The largest shareholder, Gong Shaohui, holds 27.48% of the shares, amounting to 100,477,735 shares, with 100,127,100 shares pledged[15]. Inventory and Costs - Inventory increased by 78.20% to ¥831,956.18 from ¥466,861.27 at the beginning of the year, primarily due to an increase in inventory at the subsidiary[9]. - Operating costs decreased by 31.67% to ¥19,299,855.88 from ¥28,244,094.41 in the previous year, mainly due to reduced costs in mobile communication resale and domain name operations[10]. - Total operating costs for Q1 2022 were CNY 44,287,194.43, down from CNY 52,644,966.72 in the same period last year, reflecting a reduction of 15.9%[27]. Other Income and Expenses - Other income decreased by 58.64% to ¥757,121.42 from ¥1,830,635.26 in the previous year, primarily due to a reduction in government subsidies[11]. - The company reported an increase in asset disposal income by 4475.10% to ¥47,751.22 from ¥1,043.72 in the previous year[11]. - Research and development expenses for Q1 2022 were CNY 5,552,643.23, compared to CNY 5,053,077.09 in Q1 2021, an increase of 9.9%[27]. Cash and Cash Equivalents - The company's cash and cash equivalents decreased by 40.10% to ¥41,970,458.46 from ¥70,073,183.47 at the beginning of the year[8]. - The ending balance of cash and cash equivalents was ¥26,672,307.87, down from ¥76,236,181.72 in Q1 2021, reflecting a decrease of approximately 65.0%[32]. - The company's cash and cash equivalents at the end of the reporting period were RMB 41,970,458.46, down from RMB 70,073,183.47 at the beginning of the year[22]. Audit Information - The company did not conduct an audit for the Q1 2022 report, as indicated in the audit report[33].

Financial Performance - The company reported a net profit of negative value both before and after deducting non-recurring gains and losses for the year[6]. - The company has faced negative net profits for three consecutive years from 2018 to 2020, leading to a risk warning on its stock trading[7]. - The company's operating revenue for 2021 was ¥184,290,861, a decrease of 16.87% compared to ¥221,676,657.80 in 2020[21]. - The net profit attributable to shareholders was -¥24,638,916.81, an improvement of 64.19% from -¥93,777,162.86 in 2020[21]. - The net cash flow from operating activities was ¥13,844,902.14, down 28.67% from ¥19,408,981.88 in 2020[21]. - The total assets at the end of 2021 were ¥649,083,117.39, a decrease of 7.26% from ¥699,891,894.67 at the end of 2020[21]. - The weighted average return on equity was -10.48%, improving by 14.18% from -35.18% in 2020[21]. - The total profit was -¥26,159,308.68, and the net profit attributable to the parent company was -¥24,638,916.81, representing a decrease in losses of 63.10% and 64.19% respectively[46]. - The company's gross profit margin for 2021 was 49.63%, down by 2.53% from the previous year[64]. Business Strategy and Future Plans - The company plans to take measures to improve resource utilization efficiency and consolidate its basic enterprise service products[6]. - The company intends to apply for the removal of the risk warning after the disclosure of the 2021 annual report, pending approval from the Shenzhen Stock Exchange[8]. - The company plans to focus on cloud computing and cloud storage technologies, enhancing its SAAS product offerings to support enterprise digital transformation[50]. - The company has plans for market expansion and new product development, focusing on enhancing its technology and service offerings[105]. - The company is actively pursuing mergers and acquisitions to strengthen its market position and expand its service capabilities[105]. Operational Risks and Challenges - The company emphasizes the importance of risk awareness for investors regarding its future development strategies and forward-looking statements[6]. - The company continues to face uncertainty regarding its ability to continue as a going concern, as indicated in the recent audit report[22]. - The company is actively monitoring regulatory changes in the gaming sector due to risks associated with licensing and compliance[50]. - The gaming business is exposed to regulatory risks, including the need for approval from publishing authorities before launching new games, which can delay product releases[143]. - Intellectual property infringement risks exist in the gaming industry, prompting the company to establish a robust IP management system and actively seek copyright protections[145]. Market and Industry Insights - The global SaaS industry has reached a market size of hundreds of billions, with a compound annual growth rate (CAGR) of 25% over the past decade[32]. - The Chinese SaaS market is expected to maintain a CAGR of 34.00% over the next three years[32]. - The software and information technology service industry in China saw a 17.7% year-on-year growth in software business revenue, reaching ¥94,994 billion in 2021[31]. - The Chinese SaaS market is still in a relatively early stage, with only 1.3% of IT spending allocated to SaaS in 2020, compared to over 5% in the US[32]. - The company operates in a highly competitive environment, with significant brand and technology barriers to entry in the SaaS sector[33]. Corporate Governance and Management - The company held nine shareholder meetings during the reporting period, ensuring compliance with legal requirements and facilitating shareholder participation[150]. - The board of directors consists of 7 members, including 3 independent directors, and held 19 meetings during the reporting period[151]. - The company maintains independence from its controlling shareholder, with no interference in decision-making or operations, ensuring a complete and independent business system[156]. - The company has established a robust internal audit system, with a dedicated internal audit department reporting to the audit committee[154]. - The management compensation scheme is aligned with actual business performance, ensuring accountability and transparency[152]. Employee and Workforce Management - The total employee compensation during the reporting period amounted to 77.4654 million yuan, accounting for 36.88% of the company's total operating costs[198]. - The total number of employees at the end of the reporting period was 328, with 188 in the parent company and 140 in major subsidiaries[196]. - The training programs in 2021 included systematic professional training for new employees, grassroots staff, and management personnel, covering various topics such as company culture and sales skills[199]. - The company focuses on internal trainer development to better pass on rich experience and knowledge within the organization[199]. Financial Management and Fund Utilization - The company has completed the transfer of 1,550.00 million RMB in surplus funds back to its fundraising account following the sale of subsidiaries[109]. - The company has utilized 25.90 million RMB of surplus funds to acquire a 70.00% stake in Beijing Yizhong Postal Information Technology Co., Ltd.[110]. - The company has received 1,550 million RMB from the sale of its subsidiary, with the amount deposited into the fundraising account[118]. - The company has invested 100 million RMB in research and development to drive innovation in its product line[179]. - The total amount of raised funds was 48,296.61 million yuan, with 39.45% utilized for various purposes[102].

Financial Performance - The company's operating revenue for Q3 2021 was ¥43,454,32.92, representing a decrease of 20.82% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2021 was -¥4,959,46.61, showing an improvement of 4.18% year-over-year[4]. - Total operating revenue for Q3 2021 was CNY 141.84 million, a decrease of 18.3% from CNY 173.60 million in the same period last year[25]. - Net loss for Q3 2021 was CNY 8.83 million, an improvement from a net loss of CNY 13.06 million in Q3 2020[26]. - The net profit attributable to shareholders for the year-to-date period was -¥7,079,497.42, an improvement of 35.67% compared to -¥11,005,303.84 last year[10]. Cash Flow and Assets - The net cash flow from operating activities increased significantly by 492.88%, reaching ¥10,572,878.33 compared to ¥1,783,310.46 in the previous year[10]. - As of September 30, 2021, the company's cash and cash equivalents decreased to ¥42.26 million from ¥107.90 million at the end of 2020, representing a decline of approximately 60.9%[21]. - Total current assets dropped to ¥78.75 million, down 47.3% from ¥149.16 million at the end of 2020[21]. - The ending balance of cash and cash equivalents is ¥29,768,889.36, down 50.1% from ¥59,618,408.97 in the previous period[31]. - Cash inflow from financing activities decreased to ¥21,000,000.00, down 35.3% from ¥32,427,835.00 in the previous period[31]. Shareholder and Equity Information - The equity attributable to shareholders decreased by 2.93% to ¥237,627,612.96 compared to the end of the previous year[6]. - The company reported a total of 32,659 common shareholders at the end of the reporting period[12]. - The company reported a total of 52,350 restricted shares, with specific release conditions for current and former executives[17]. - The company's total equity was reported at CNY 240,419,694.98, with a total of CNY 365,698,690.00 in share capital[37]. Liabilities and Financial Position - Total liabilities decreased to CNY 388.74 million from CNY 459.47 million at the end of the previous quarter[23]. - Long-term borrowings stood at CNY 241,500,000.00, indicating a significant portion of the company's financing structure[36]. - The total liabilities and equity combined amounted to CNY 703,481,418.54, reflecting the overall financial position[37]. Operational Changes and Legal Issues - The company announced a significant asset restructuring involving the transfer of 100% equity in its wholly-owned subsidiary, Tianjin Sanwu Huilian Mobile Communications Co., Ltd.[18]. - The company is undergoing changes in its actual controller, which may impact its governance structure[18]. - The company is involved in ongoing legal disputes related to domain names and trademarks, which may affect its operations[18]. Accounting and Reporting Adjustments - The company corrected accounting errors from previous years, resulting in a retrospective adjustment of capital reserves and retained earnings[6]. - The report reflects the implementation of new leasing standards effective from January 1, 2021, impacting financial disclosures[37]. - The company has not undergone an audit for the third quarter report[38]. Research and Development - Research and development expenses for Q3 2021 were CNY 14.18 million, down 21.3% from CNY 18.03 million in Q3 2020[26].

证券代码：300051 证券简称：ST 三五 公告编号：2021-198 厦门三五互联科技股份有限公司 关于参加 2021 年度厦门辖区上市公司 投资者网上集体接待日活动的公告 本公司及董事会全体成员保证公告内容真实、准确、完整，没有虚假记载， 没有误导性陈述，没有重大遗漏。 为加强与投资者的互动交流，强化投资者保护，优化投资者服务，让投资者 更全面地了解公司，在厦门证监局的指导下，厦门三五互联科技股份有限公司〔简 称"公司"〕积极响应参加厦门上市公司协会联合深圳市全景网络有限公司举办 的"2021 年度厦门辖区上市公司投资者网上集体接待日"活动；公司现将有关事 项公告如下： 一、活动时间：2021 年 9 月 7 日(下周二)下午 15:00-17:00 二、参与人员： 法定代表人、董事、总经理、(代)董事会秘书章威炜先生 副总经理汤璟蕾女士、财务总监郑文全先生 三、活动网址： 本次活动将在深圳市全景网络有限公司提供的网上平台进行，投资者届时可 以登录全景网投资者关系互动平台(http://ir.p5w.net)参与在线交流。公司高 管团队将通过网络与广大投资者就公司治理、发展战略、经营状况、融资计划和 可 ...

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].

Financial Performance - Operating revenue for the reporting period was CNY 54,879,478.78, down 15.33% year-on-year, and CNY 173,600,573.09 for the year-to-date, down 20.24%[7] - Net profit attributable to shareholders was a loss of CNY 5,175,608.17, a decrease of 153.28% year-on-year, with a year-to-date loss of CNY 11,005,303.84, down 1,265.75%[7] - Basic and diluted earnings per share were both CNY -0.0142, a decrease of 153.57% year-on-year[7] - The weighted average return on net assets was -1.70%, compared to -1.31% in the previous year[7] - The company reported a net loss of CNY 535,540,364.64 in retained earnings[133] - The company reported a net loss for Q3 2020 of CNY 5,265,414.08, compared to a net loss of CNY 1,682,852.59 in Q3 2019[109] Cash Flow - The net cash flow from operating activities was a negative CNY 5,623,271.34, a decline of 156.30% compared to the same period last year[7] - The net cash flow from operating activities decreased by 94.98% to ¥1,783,310.46 compared to the same period last year, primarily due to a reduction in cash received from sales of goods and services[28] - The net cash flow from investing activities increased by 45.02% to -¥24,001,899.49, mainly due to an increase in cash received from investment recoveries[29] - The net cash flow from financing activities decreased by 357.41% to -¥39,370,609.73, attributed to a reduction in bank loans obtained and an increase in bank loans repaid[29] - The net increase in cash and cash equivalents decreased by 270.19% to -¥61,647,278.38, influenced by reduced bank loans obtained and increased repayments, along with decreased cash received from sales[29] Assets and Liabilities - Total assets at the end of the reporting period were CNY 767,548,460.33, a decrease of 5.07% compared to the end of the previous year[7] - The total liabilities decreased by 5.61% to RMB 467,873,067.02 from RMB 495,683,610.07 year-on-year[22] - The company's cash and cash equivalents decreased by 23.64% to RMB 101,105,867.86 from RMB 132,402,092.76 at the end of 2019[18] - Accounts receivable decreased by 23.91% to RMB 18,865,996.98 from RMB 24,793,199.31 year-on-year[18] - Current liabilities totaled CNY 173,741,780.53, including short-term loans of CNY 45,000,000.00 and accounts payable of CNY 34,878,999.34[132] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 49,116[10] - The largest shareholder, Gong Shaohui, held 36.88% of the shares, with a total of 134,886,701 shares, of which 134,536,066 were pledged[10] - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period[12] - Gong Shaohui plans to reduce his holdings in the company by up to 30% of the total share capital within the next 12 months[50] - Caida Securities intends to reduce its holdings by no more than 19 million shares after holding them for 6 months, using methods such as centralized bidding and block trading[51] Business Outlook and Strategy - The company provided a future outlook, projecting a revenue growth of 10% for Q4 2020, driven by new product launches and market expansion[34] - The company plans to expand its market presence in Southeast Asia, targeting a 30% market share by the end of 2021[34] - A strategic acquisition of a local tech firm was announced, expected to enhance product offerings and increase market competitiveness[35] - The company has committed to reducing operational costs by 15% over the next year through efficiency improvements[35] - New product launches are anticipated to contribute an additional 200 million RMB in revenue for Q4 2020[35] Compliance and Governance - The company has committed to strictly follow legal procedures and disclosure obligations for any future changes in management personnel[40] - The company has confirmed that it holds complete ownership and disposal rights of the assets involved in the transaction, with no encumbrances or disputes[65] - The company guarantees that all information provided regarding the transaction is true, accurate, and complete, with no false records or misleading statements[65] - The company has not engaged in any illegal activities or received administrative penalties in the last five years, ensuring compliance with laws and regulations[66] - The company has committed to avoiding any conflicts of interest and ensuring fair transactions with its subsidiaries[63] Research and Development - The company's R&D expenses decreased by 10.70% to RMB 18,028,474.73 from RMB 20,188,400.99 in the same period last year[25] - Investment in new technology R&D increased by 25% year-over-year, totaling 150 million RMB in Q3 2020[35] - Research and development expenses for Q3 2020 were CNY 5,937,712.66, slightly down from CNY 6,682,987.58 in the previous year[108] Legal and Regulatory Matters - The company reported on the progress of legal proceedings related to civil lawsuits on September 23 and October 19, 2020[31] - The company has not disclosed any plans for mergers or acquisitions in the next 12 months[40] - The company has taken necessary confidentiality measures to prevent the leakage of sensitive information related to the transaction[73]