Financial Performance - The company's operating revenue for 2021 was ¥1,480,608,704.87, representing a 4.71% increase compared to ¥1,413,997,067.60 in 2020[28]. - The net profit attributable to shareholders for 2021 was ¥206,715,406.82, a 30.29% increase from ¥158,660,177.22 in 2020[28]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥182,474,752.53, up 22.98% from ¥148,373,063.06 in 2020[28]. - The total assets at the end of 2021 were ¥4,364,664,153.56, a 7.58% increase from ¥4,057,269,438.91 at the end of 2020[28]. - The net assets attributable to shareholders increased by 12.28% to ¥3,484,366,497.68 at the end of 2021 from ¥3,103,335,938.92 at the end of 2020[28]. - The company reported a basic earnings per share of ¥0.43 for 2021, up 22.86% from ¥0.35 in 2020[28]. - The gross profit margin improved due to increased project bidding capabilities and effective financial management[100]. - The company achieved operating revenue of CNY 1,480,608,704.87, representing a year-on-year growth of 4.71%[103]. - The net profit attributable to shareholders reached CNY 206,715,406.82, marking a significant increase of 30.29% compared to the previous year, achieving the best historical performance[103]. Risk Factors - The company faces risks related to government procurement, as its revenue primarily comes from government contracts, which may be affected by fiscal tightening[6]. - The company acknowledges the risk of intensified market competition in the smart city sector, which may impact market share and profit margins if it fails to maintain technological leadership[6]. - The company is aware of the potential impact of macroeconomic uncertainties on local government spending for electronic government systems[6]. Technological Development - The company aims to leverage the favorable policy environment and market conditions to focus on core applications in the digital economy, including big data and artificial intelligence[47]. - The company plans to enhance its technological integration and product innovation to support the development of the digital economy[47]. - The company has developed a unique urban big data information collection service model, focusing on integrated and intelligent urban services[59]. - The company is focused on building a smart supervision platform for urban drainage systems, addressing key management challenges such as drainage network inspection and emergency dispatch[76]. - The company has developed new methods and technologies for drainage network cleaning, inspection, and repair, significantly enhancing construction capabilities under complex conditions such as large box culverts and high water levels[81]. - The company has developed the "Chess Horse" unmanned grid vehicle, utilizing AI, video collection, GPS positioning, and cloud computing to create a new model for information collection[73]. - The company has developed an AI-driven information collection platform in Luoyang, covering 364 square kilometers and achieving a recognition accuracy rate of over 92%[127]. - The company has launched the "Qiji" autonomous driving vehicle, capable of L4 level autonomous driving, equipped with various sensing devices for urban monitoring[130]. Urban Management Initiatives - The company aims to enhance urban governance through the integration of digital governance solutions, leveraging new technologies such as IoT, big data, AI, and 5G[52]. - The company is committed to improving urban management efficiency and risk prevention capabilities, targeting significant enhancements by 2025[51]. - The company has established strong partnerships with major IT firms like Huawei and Alibaba, launching a joint solution for urban management and collaborating on projects in multiple cities[122]. - The company has undertaken nearly 100 city-level comprehensive management service platforms, including a project in Xinjiang with a contract value of 39 million RMB, focusing on improving people's livelihoods and urban management[112]. - The company completed a 1,500-kilometer drainage network inspection in Xiamen, enhancing drainage capacity and efficiency through timely repairs[135]. Research and Development - R&D investment amounted to ¥138,217,575.54, representing 9.34% of operating revenue[166]. - The number of R&D personnel increased by 1.8% to 339, with R&D personnel accounting for 18.91% of the total workforce[162]. - The company is currently working on several major R&D projects, including the "New Generation Integrated Management Platform" aimed at expanding market share[159]. - The company has obtained 7 new patents during the reporting period, contributing to its innovation capabilities[99]. - The company has received multiple certifications, including ISO9001, ISO14001, and ISO18001, demonstrating its commitment to quality and environmental management in its operations[73]. Market Position and Recognition - The company has maintained a leading position in the digital city management platform sector for over a decade, with a market share in grid management applications being industry-leading[85]. - The company has been ranked first in the smart city management sector for several consecutive years, indicating strong market recognition[86]. - The company has been recognized as a high-tech enterprise in Beijing and has received multiple certifications from national authorities, affirming its status as a key software enterprise[83]. - The company has been recognized as one of the top ten in the national geographic information industry for five consecutive years, indicating strong market positioning[136]. Cash Flow and Financial Management - Net cash flow from operating activities decreased by 54.95% to ¥101,677,891.38, primarily due to increased employee compensation expenses[170]. - The cash and cash equivalents net increase was -¥117,668,401.96, a decline of 113.78% year-on-year[171]. - The company's cash inflow from operating activities totaled ¥1,371,554,105.27, down 4.22% year-on-year[170]. - The proportion of accounts receivable increased to 29.17% of total assets, up from 26.43% at the beginning of the year[175]. - The company focused on enhancing cash flow management to support sustainable development[100].

Financial Performance - The company's operating revenue for Q3 2021 was ¥324,306,200.83, representing a year-on-year increase of 20.94%[5] - The net profit attributable to shareholders for Q3 2021 was ¥4,764,181.31, a significant increase of 71.68% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses for the same period was ¥1,211,317.13, up by 2.58% year-on-year[5] - Total operating revenue for the third quarter reached ¥988,157,866.60, an increase of 30.9% compared to ¥754,688,730.72 in the same period last year[32] - Net profit for the quarter was ¥114,553,734.61, representing a 55% increase from ¥73,892,886.06 in the previous year[35] - Total comprehensive income amounted to 114,786,467.85, compared to 74,104,025.62 in the previous period, representing an increase of approximately 55%[39] - Basic and diluted earnings per share were both 0.2366, up from 0.1682, indicating a growth of about 41%[39] Assets and Liabilities - The total assets at the end of Q3 2021 amounted to ¥4,160,443,948.31, reflecting a 2.54% increase from the end of the previous year[5] - The total assets increased to ¥4,160,443,948.31, compared to ¥4,057,269,438.91 at the end of the previous period, reflecting a growth of 2.5%[31] - The company's total liabilities decreased by 31.72% to ¥138,951,648.85 due to timely settlement according to contract performance[11] - The company's total liabilities decreased to ¥834,302,956.79 from ¥946,062,343.96, a reduction of approximately 11.8%[31] - The equity attributable to shareholders rose to ¥3,318,502,568.73, up from ¥3,103,335,938.92, marking an increase of 6.9%[31] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥200,018,315.51, a decrease of 90.70% compared to the same period last year[13] - Cash inflow from operating activities totaled 761,191,819.13, down from 774,130,159.69, reflecting a decrease of approximately 1.2%[43] - Cash outflow from operating activities was 961,210,134.64, compared to 879,015,959.64 in the previous period, showing an increase of around 9.3%[43] - Net cash flow from operating activities was -200,018,315.51, worsening from -104,885,799.95 in the prior period[43] - Cash inflow from investment activities was 463,768,391.46, significantly higher than 21,199,885.62 in the previous period[43] - Cash outflow from investment activities reached 1,051,534,837.26, compared to 235,244,205.88, indicating a substantial increase of approximately 347%[43] - Net cash flow from investment activities was -587,766,445.80, worsening from -214,044,320.26 in the prior period[43] - Net cash flow from financing activities was -4,739,881.50, a decline from 638,092,953.63 in the previous period[46] - The ending balance of cash and cash equivalents was 761,552,630.86, down from 1,019,460,902.45, reflecting a decrease of about 25.3%[46] Shareholder Information - The total number of common shareholders at the end of the reporting period was 45,421[17] - The largest shareholder, Wu Qianghua, holds 24.64% of the shares, totaling 120,410,814 shares[17] - The total number of shares held by the top ten unrestricted shareholders includes Wu Qianghua with 30,102,704 shares[17] - The company reported a total of 98,749,169 restricted shares at the end of the reporting period, with no new restricted shares added during the period[20] - The company plans to unlock 25% of the restricted shares held by executives on the first trading day of each year[20] Investments and Expenses - The investment income for the year-to-date period was ¥5,813,013.10, a substantial increase of 276.63% compared to the previous year[12] - The company reported a significant increase in long-term equity investments by 386.40% to ¥2,189,686.70, primarily due to investments in joint ventures[11] - Research and development expenses were ¥73,298,230.95, slightly up from ¥70,871,066.16, indicating continued investment in innovation[35] Inventory and Receivables - Accounts receivable increased to 1,385,524,951.78 RMB from 1,072,417,057.32 RMB, reflecting a growth of about 29.2% year-over-year[24] - The total inventory as of September 30, 2021, was 245,164,853.37 RMB, an increase from 226,619,110.59 RMB, reflecting a growth of about 8.3%[24] Future Outlook - The company plans to continue its market expansion strategy, focusing on new product development and technological advancements[35] - The deferred income increased to ¥4,484,168.69 from ¥3,374,968.69, indicating a positive outlook for future revenue recognition[31]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥663,851,665.77, representing a 36.45% increase compared to ¥486,531,972.52 in the same period last year[23]. - The net profit attributable to shareholders for the first half of 2021 was ¥110,022,286.54, a 54.25% increase from ¥71,328,924.85 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was ¥106,465,947.73, up 50.25% from ¥70,859,268.21 year-on-year[23]. - The basic earnings per share for the first half of 2021 was ¥0.2279, an increase of 37.12% compared to ¥0.1662 in the same period last year[23]. - The company reported non-recurring gains totaling ¥3,556,338.81, after accounting for tax and minority interests[28]. - The company’s investment income increased by 168.42% to ¥2,386,132.61, attributed to improved investment returns and reduced losses from joint ventures[58]. - The company reported a total comprehensive income of CNY 83,514,966.98, compared to CNY 53,521,213.99 in the same period last year, marking a growth of 56.1%[174]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,071,986,664.37, a slight increase of 0.36% from ¥4,057,269,438.91 at the end of the previous year[23]. - The total liabilities decreased from ¥946,062,343.96 at the end of 2020 to ¥813,535,419.23 by June 30, 2021, reflecting a reduction of about 13.9%[161]. - The company's total equity increased from ¥3,111,207,094.95 at the end of 2020 to ¥3,258,451,245.14 by June 30, 2021, marking an increase of approximately 4.7%[162]. - The company's cash and cash equivalents decreased from ¥1,580,865,317.52 at the end of 2020 to ¥673,274,798.93 by June 30, 2021, representing a decline of approximately 57.6%[159]. Cash Flow - The company reported a net cash flow from operating activities of -¥145,446,158.54, which is a 4.06% decline compared to -¥139,777,859.92 in the same period last year[23]. - The cash flow from investment activities showed a significant outflow, indicating potential investments or acquisitions[180]. - The total cash inflow from financing activities was CNY 6,016,458.96, a decrease from CNY 160,242,329.17 in the first half of 2020[177]. - The net cash flow from financing activities was -13,878,738.74 CNY, down from -15,799,425.32 CNY in the previous period[180]. Market and Competition - The company faces risks related to government procurement and increased market competition, which may impact future operations[5][7]. - The company is experiencing increased market competition in the smart city construction sector, which may impact its market share and profit margins[94]. - The company has implemented measures to retain core technical personnel, which are crucial for product innovation and sustainable development[7]. Research and Development - Research and development investment amounted to ¥42,653,731.78, reflecting an 11.22% increase year-on-year, indicating a commitment to innovation[58]. - The company has invested 2,400 million in research and development for new financial technologies, aiming to enhance service delivery and customer experience[85]. Strategic Initiatives - The company has established a city operation management service platform that integrates data from 28 municipal departments and 37,000 video feeds, enhancing urban management capabilities[35]. - The company has partnered with major tech firms like Huawei, Alibaba, and Tencent to develop joint solutions for urban operation management[36]. - The company is focusing on expanding into new areas such as flood prevention and urban infrastructure, aligning with national policy demands[50]. Governance and Compliance - The company did not distribute cash dividends or bonus shares for the first half of 2021[102]. - The company has not reported any significant changes in the feasibility of the projects after the fund reallocation[82]. - The company has implemented measures to ensure compliance with environmental regulations[110]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 48,102[145]. - Wu Qianghua held 24.88% of the shares, amounting to 30,102,704 shares[145]. - The company has not reported any major risks or changes in its operational strategy during the reporting period, suggesting stability in its business model[135].

Financial Performance - The company's revenue for Q1 2021 was CNY 223,640,771.29, representing a 22.15% increase compared to CNY 183,085,877.01 in the same period last year[8] - Net profit attributable to shareholders was CNY 26,588,416.12, up 9.07% from CNY 24,376,660.99 year-on-year[8] - Total operating revenue for Q1 2021 was CNY 223,640,771.29, an increase of 22.1% compared to CNY 183,085,877.01 in the same period last year[71] - The net profit attributable to shareholders of the parent company is CNY 26,588,416.12, compared to CNY 24,376,660.99 in the previous period, reflecting an increase of about 9%[80] - The total comprehensive income for the current period is CNY 26,729,613.04, up from CNY 24,348,374.29, indicating an increase of around 10%[80] - The operating profit for the current period is CNY 31,882,159.79, compared to CNY 30,025,453.12 in the previous period, showing an increase of approximately 6%[80] - The total profit for the current period is CNY 31,873,677.55, an increase from CNY 28,034,610.55 in the previous period, which is about 14% growth[80] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -145,075,309.93, a decline of 113.23% compared to CNY -68,035,754.31 in the previous year[8] - Cash and cash equivalents decreased by 54.20% to ¥724,002,535.43 due to investments in financial products[22] - The company's cash and cash equivalents decreased to ¥724,002,535.43 from ¥1,580,865,317.52, indicating a significant reduction in liquidity[55] - Cash flow from operating activities showed a net outflow of ¥145,075,309.93, compared to a net outflow of ¥68,035,754.31 in the previous period, indicating a significant increase in cash outflow[91] - The company's cash and cash equivalents decreased by ¥852,986,762.86 during the period, compared to a decrease of ¥95,343,094.83 in the previous period, highlighting liquidity challenges[94] - The ending balance of cash and cash equivalents stood at ¥701,090,510.81, down from ¥604,954,974.20 in the previous period, reflecting a decline in available cash resources[94] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,989,877,128.80, down 1.66% from CNY 4,057,269,438.91 at the end of the previous year[8] - The total current assets as of March 31, 2021, amounted to ¥3,013,006,201.03, a decrease from ¥3,078,755,527.76 as of December 31, 2020[55] - The total liabilities decreased to CNY 829,202,828.31 from CNY 946,062,343.96, showing a reduction in the company's debt levels[61] - Total liabilities decreased to CNY 467,530,239.84 from CNY 556,123,865.98, a reduction of 16%[71] Investments and Projects - The company won the bid for the urban comprehensive management service platform project in Bengbu, Anhui Province, utilizing AI, big data, and cloud computing technologies[25] - The company secured a project for the grid-based service management integration platform in Yanqing District, aimed at supporting the Winter Olympics[26] - The company plans to enhance social governance capabilities through a series of products implemented in over 100 cities and counties nationwide[27] - The company is focusing on developing a "City Data Brain" platform to improve urban management and emergency response capabilities[30] - The company has invested 29.27 million yuan, achieving 77.40% of the planned investment for the new generation "grid-based" smart city project[40] - The company invested ¥700,500,000.00 in cash payments for investments, a significant increase compared to the previous period's investment of ¥899,850.00[98] Research and Development - The company reported a significant increase in research and development expenses to CNY 20,148,119.59 from CNY 17,382,599.94, indicating a commitment to innovation[74] - The research and development expenses for the current period are CNY 14,170,788.08, up from CNY 11,665,513.69 in the previous period, indicating a growth of about 21%[81] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 43,096[12] - The largest shareholder, Wu Qianghua, holds 25.01% of the shares, totaling 120,410,814 shares[12] - The net assets attributable to shareholders increased by 1.59% to CNY 3,152,661,947.54 from CNY 3,103,335,938.92 at the end of the previous year[8] - The total equity attributable to shareholders increased to ¥3,152,661,947.54 from ¥3,103,335,938.92, indicating a growth in shareholder value[64] Risks and Challenges - The company faces risks related to reliance on government procurement, as most revenue comes from government contracts, which may be affected by fiscal tightening[35] - Increased market competition poses a risk, as the company must maintain technological leadership and enhance marketing capabilities to avoid losing market share[35] - The company has established a knowledge management system and implemented stock incentive plans to retain core technical personnel, crucial for innovation and development[35]

Financial Performance - The company's operating revenue for 2020 was ¥1,413,997,067.60, representing a 12.44% increase compared to ¥1,257,538,949.54 in 2019[25]. - The net profit attributable to shareholders for 2020 was ¥158,660,177.22, which is a 21.39% increase from ¥130,702,321.60 in 2019[25]. - The net profit after deducting non-recurring gains and losses for 2020 was ¥148,373,063.06, up 16.49% from ¥127,366,845.46 in 2019[25]. - The net cash flow from operating activities for 2020 was ¥225,694,815.35, an increase of 22.80% compared to ¥183,788,142.62 in 2019[25]. - The total assets at the end of 2020 were ¥4,057,269,438.91, a 30.47% increase from ¥3,109,817,326.14 at the end of 2019[25]. - The company reported a basic earnings per share of ¥0.35 for 2020, which is a 12.90% increase from ¥0.31 in 2019[25]. - The company achieved an annual revenue of ¥1,413,997,067.60, representing a year-on-year growth of 12.44%[77]. - The net profit attributable to shareholders was ¥158,660,177.22, which, after accounting for stock incentive expenses, translates to a net profit of ¥211,133,414.72, marking a 21.47% increase compared to the previous year[77]. Dividend Policy - The company reported a profit distribution plan, proposing a cash dividend of 0.4 RMB per 10 shares based on a total of 481,497,305 shares[9]. - The company plans to distribute a cash dividend of 0.4 yuan per 10 shares, totaling 19,259,892.20 yuan for the current fiscal year[197]. - The cash dividend represents 100% of the distributable profit, which amounts to 888,685,592.85 yuan[197]. - The cash dividend payout ratio for 2020 is 12.14% of the net profit attributable to ordinary shareholders, which is 158,660,177.22 yuan[199]. - The company did not issue any bonus shares or conduct any share buybacks during the reporting period[197]. - The company has consistently paid cash dividends over the past three years, with the most recent being 0.4 yuan per 10 shares for 2020[198]. - The cash dividend for 2019 was 0.4 yuan per 10 shares, totaling 17,246,320.20 yuan[198]. - The cash dividend for 2018 was 0.3 yuan per 10 shares, totaling 12,796,578.15 yuan[198]. - The company has a clear and transparent cash dividend policy, ensuring compliance with relevant regulations[197]. - The company has provided sufficient opportunities for minority shareholders to express their opinions and protect their legal rights[197]. Market and Competition - The company primarily relies on government procurement, which poses risks due to potential fiscal tightening and reduced investment in electronic government systems[5]. - The company faces intensified market competition as it expands its business in the rapidly developing smart city sector, which may impact market share and profit margins[6]. - The company aims to maintain its technological leadership and enhance marketing and localization capabilities to counter competitive pressures[6]. - The expected increase in China's smart city technology spending will reach $38.923 billion by 2023, with a compound annual growth rate of 14.2%[54]. - The company has maintained its position as the leader in the smart city management sector for several consecutive years, according to the China International Big Data Industry Expo's rankings[68]. Technological Innovation - The company has established a comprehensive knowledge management system to retain core technical personnel, crucial for product innovation and sustainable development[9]. - The company is focusing on technological innovation in urban management, enhancing applications in AI, big data, IoT, and blockchain[41]. - The company integrates modern technologies such as IoT, cloud computing, big data, and AI to enhance urban management efficiency and service quality[58]. - The company is focusing on the development of urban big data operation services, leveraging AI and various advanced technologies to improve service efficiency[98]. - The company is committed to upgrading its smart drainage supervision platform to address industry pain points and enhance management intelligence[179]. Urban Management and Projects - The company has established digital city management information platforms in over 200 cities and 1,000 districts, maintaining a leading market position[40]. - The urban comprehensive operation service platform aims to unify management across various government departments, improving problem detection and risk prevention at minimal costs[46]. - The company has developed a smart supervision platform for urban drainage systems, addressing key management challenges and enhancing public safety[49]. - The company has implemented over 3,000 smart city-related construction projects across hundreds of domestic cities, including major cities like Beijing, Shanghai, and Guangzhou[67]. - The company has successfully integrated the "Snow Bright Project" with grid-based applications in Liaocheng, enhancing social governance capabilities[88]. - The company has implemented social governance series products in over 100 cities and counties nationwide, establishing a leading position in the industry[85]. Research and Development - The company achieved a research and development (R&D) investment of approximately ¥93.68 million in 2020, representing 6.63% of its operating revenue[129]. - The company maintained a high R&D investment with a total of 93,682,249.80 CNY, representing 14.68% of the workforce dedicated to R&D[124]. - The number of R&D personnel decreased to 333 in 2020, accounting for 14.68% of the total workforce[129]. - The company obtained 52 new software copyrights during the reporting period, enhancing its intellectual property portfolio[124]. - The company obtained 8 new patents during the reporting period, enhancing its intellectual property portfolio[125]. Financial Management and Investments - The company has committed to investing CNY 37,810 million in the smart city project, with an investment progress of 77.40%[151]. - The total amount of funds raised for the projects is CNY 113,810 million, with CNY 53,810 million already invested[155]. - The company raised CNY 600,000 million in 2020 through a private placement, with a net amount of CNY 585,858.78 million after deducting fees[150]. - The company has made adjustments to its fundraising projects to improve capital efficiency and investment returns, reallocating funds to various smart city initiatives[165]. - The company has not encountered any significant changes in the feasibility of its investment projects[158].

Financial Performance - Operating revenue for the quarter was CNY 268,156,758.20, a 14.76% increase year-over-year, while year-to-date revenue decreased by 0.07% to CNY 754,688,730.72[12]. - Net profit attributable to shareholders surged by 195.05% to CNY 2,775,100.77 for the quarter, but decreased by 22.41% year-to-date to CNY 74,104,025.62[14]. - Basic and diluted earnings per share for the quarter were CNY 0.0020, a 100% increase, while year-to-date earnings per share decreased by 24.68% to CNY 0.1682[19][20]. - Total operating revenue for the current period reached ¥268,156,758.20, an increase from ¥233,677,145.20 in the previous period, representing a growth of approximately 14.8%[81]. - Net profit for the current period was ¥2,799,523.68, compared to ¥629,822.03 in the previous period, reflecting a significant increase of approximately 345.5%[87]. - The total comprehensive income for the current period was ¥2,799,523.68, significantly higher than ¥629,822.03 in the previous period, showing an increase of approximately 345.5%[90]. - Net profit for the current period is ¥73,892,886.06, down from ¥94,625,240.72 in the previous period, indicating a decrease of approximately 21.9%[101]. - The total comprehensive income for the current period is ¥73,892,886.06, down from ¥94,625,240.72, reflecting a decrease of approximately 21.9%[104]. Assets and Liabilities - Total assets increased by 21.12% to CNY 3,766,641,773.02 compared to the end of the previous year[9]. - Total liabilities decreased to ¥705,369,341.96 from ¥744,275,497.59, a reduction of about 5.2%[71]. - Total current assets reached ¥2,884,872,183.88, compared to ¥2,215,855,948.36 at the end of 2019, indicating a growth of approximately 30.1%[65]. - The total assets amounted to ¥3,109,817,326.14, an increase from ¥3,060,776,920.00, with a change of ¥49,040,406.14[143]. - Total liabilities decreased to CNY 721,249,411.20 from CNY 745,699,024.27, showing a reduction of CNY 24,449,613.07[131]. - Current liabilities totaled ¥604,436,925.30, down from ¥721,249,411.20, reflecting a decrease of approximately 16.2%[71]. - The company reported a total of ¥3,053,211,118.19 in equity attributable to shareholders, up from ¥2,354,372,357.19, representing an increase of approximately 29.6%[74]. Cash Flow - Net cash flow from operating activities increased by 244.96% to CNY 34,892,059.97 for the quarter[18]. - Cash and cash equivalents increased by 40.55% to ¥1,028,798,003.71 from ¥731,956,585.59 due to funds from a private placement[41]. - Cash flow from operating activities showed a net outflow of ¥104,885,799.95, improving from a net outflow of ¥122,529,963.98 in the previous period[114]. - Cash flow from investing activities resulted in a net outflow of ¥214,044,320.26, compared to a net outflow of ¥45,859,205.86 in the previous period[117]. - Cash flow from financing activities generated a net inflow of ¥638,092,953.63, a significant increase from a net outflow of ¥145,090,423.26 in the previous period[117]. Shareholder Information - The total number of ordinary shareholders at the end of the period was 44,405, with the largest shareholder holding 25.02%[27]. - The company did not engage in any repurchase agreements during the reporting period[30]. - The company has adhered to all commitments made regarding performance guarantees, including a net profit commitment of ¥8,000 million for 2020[50]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[60]. - There were no violations of external guarantee regulations during the reporting period[59]. Investments and Expenses - Investment income fell by 58.74% to -¥3,291,122.06 from -¥2,073,248.39, mainly due to decreased performance of associated companies[45]. - Research and development expenses for the current period were ¥30,133,605.07, slightly down from ¥30,501,240.26, indicating a decrease of about 1.2%[84]. - Research and development expenses increased to ¥52,430,317.18, up 9.73% from ¥47,817,997.52 in the previous period[108]. - The company reported a financial expense of -¥11,058,182.79, compared to -¥7,496,248.86 in the previous period, indicating an increase in financial costs[101].

Financial Performance - The company's operating revenue for the first half of 2020 was ¥486,531,972.52, a decrease of 6.71% compared to ¥521,528,996.29 in the same period last year[27]. - The net profit attributable to shareholders for the first half of 2020 was ¥71,328,924.85, down 24.57% from ¥94,563,626.44 in the previous year[27]. - The net cash flow from operating activities was -¥139,777,859.92, representing a decline of 41.97% compared to -¥98,459,281.94 in the same period last year[27]. - The basic earnings per share for the first half of 2020 was ¥0.1662, a decrease of 25.24% from ¥0.2223 in the same period last year[27]. - The diluted earnings per share also stood at ¥0.1662, reflecting the same percentage decrease as the basic earnings per share[27]. - The weighted average return on net assets was 3.02%, down from 4.19% in the previous year[27]. - Operating costs decreased by 8.11% to ¥295,665,563.64, contributing to a slight improvement in gross margin[93]. - Revenue from software development was ¥175,490,227.17, with a gross margin of 63.84%, despite a 9.22% increase in revenue year-on-year[96]. - The revenue from smart city management was ¥484,791,087.67, with a gross margin of 39.23%, showing a decrease of 6.40% compared to the previous year[96]. - Investment income decreased by 81.31% to -¥3,487,457.68, primarily due to reduced performance from associated companies[93]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,197,578,540.29, an increase of 2.82% from ¥3,109,817,326.14 at the end of the previous year[27]. - The net assets attributable to shareholders increased by 3.25% to ¥2,430,825,562.60 from ¥2,354,372,357.19 at the end of the previous year[27]. - Cash and cash equivalents at the end of the reporting period amounted to ¥667,810,811.95, representing 20.88% of total assets, a decrease of 2.66% compared to the previous year[100]. - Accounts receivable totaled ¥1,013,387,478.17, accounting for 31.69% of total assets, down 5.61% year-over-year due to reclassification of certain receivables[100]. - Inventory increased to ¥290,501,320.23, making up 9.09% of total assets, a rise of 5.04% attributed to increased expenditures on energy-saving projects[100]. - Short-term borrowings decreased to ¥50,000,000.00, representing 1.56% of total assets, down 1.33% from the previous year[100]. - Contract liabilities reached ¥133,634,005.88, accounting for 4.18% of total assets, due to adjustments from the new revenue recognition standards[100]. Market and Competition - The company faces risks related to government procurement and increased market competition, which may impact future operations[6]. - The company has maintained its position as the top player in the smart city management sector for five consecutive years according to the China Big Data Ranking[63]. - The urban operation service sector has expanded its coverage to nearly 130 cities, maintaining a leading market share in national digital operation services[84]. - The company is actively exploring blockchain applications in urban management, addressing issues related to electronic document verification and content tampering[87]. Strategic Initiatives and Innovations - The company is a leading developer of smart city application software, focusing on the integration of various data types into a unified spatial-temporal management system[36]. - The company has developed a cloud-based smart city grid management platform to meet the increasing demands for high concurrency access and diverse service models[37]. - The company’s smart environmental protection system utilizes IoT technology to manage pollution sources and enhance regulatory oversight[37]. - The company aims to build a smart urban management service platform to improve coordination and precision in urban management[56]. - The integration of new technologies such as IoT and big data is essential for the transformation of urban management practices[48]. - The company is committed to advancing the smart city initiative by enhancing the capabilities of urban management through innovative technologies[48]. Shareholder and Corporate Governance - The company did not distribute cash dividends or issue bonus shares for the half-year period[141]. - The company held a temporary shareholders' meeting on March 6, 2020, with an investor participation rate of 34.64%[140]. - The company has implemented stock option incentive plans without providing financial assistance to incentive objects[149]. - The total number of shares increased from 426,552,605 to 431,849,191 due to the exercise of stock options and restricted stock incentives, resulting in an increase of 5,296,586 shares[189]. - The largest shareholder, Wu Qianghua, holds 27.88% of the shares, totaling 120,410,814 shares[194]. - The company has not engaged in any significant changes in the measurement attributes of its major assets during the reporting period[104]. Challenges and Risks - The company faces risks related to reliance on government procurement, as its revenue primarily comes from government contracts, which may be affected by fiscal tightening[129]. - Increased market competition poses a risk, as the company must maintain technological leadership and enhance marketing capabilities to avoid losing market share[129]. - The company has faced challenges and opportunities during the pandemic, focusing on specific actions taken in response to the crisis[137]. Social Responsibility and Compliance - The company is committed to avoiding improper benefits in related transactions and adhering to market fair trading principles[146]. - The company has not reported any significant litigation or arbitration matters during the reporting period[154]. - There were no penalties or rectification situations reported during the period[157]. - The company and its subsidiaries are not classified as key pollutant discharge units by environmental protection authorities[176].

Financial Performance - Total revenue for Q1 2020 was ¥183,085,877.01, a decrease of 11.18% compared to ¥206,127,243.89 in the same period last year[8] - Net profit attributable to shareholders was ¥24,376,660.99, an increase of 9.92% from ¥22,176,201.78 year-on-year[8] - Net profit excluding non-recurring gains and losses was ¥25,383,053.94, up 14.42% from ¥22,183,471.95 in the previous year[8] - Basic earnings per share increased to ¥0.0571, a rise of 9.81% from ¥0.0520 year-on-year[8] - The company reported a net profit increase in retained earnings from ¥872,739,278.58 to ¥897,115,939.57, an increase of approximately 2.8%[55] - The company reported a total profit of ¥28,034,610.55, up from ¥25,212,881.79, marking an increase of 7.2%[68] - The net profit for the current period is 16,895,459.85, compared to 16,703,762.04 in the previous period, reflecting a slight increase[75] Cash Flow - Net cash flow from operating activities was -¥68,035,754.31, an improvement of 38.80% compared to -¥111,171,038.17 in the same period last year[8] - Cash inflow from operating activities is 204,257,540.73, down from 250,968,740.44 in the previous period, indicating a decrease of approximately 18.5%[79] - Cash outflow from operating activities totals 272,293,295.04, compared to 362,139,778.61 in the previous period, showing a reduction of about 24.8%[81] - The net cash flow from investing activities was -$7,435,315.96, compared to -$6,341,652.48 in the previous period, indicating an increase in cash outflow by approximately 17.3%[89] - The net increase in cash and cash equivalents was -$114,080,599.97, compared to -$162,965,019.02 in the previous period, showing an improvement in cash flow by approximately 30%[89] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,094,707,781.26, a decrease of 0.49% from ¥3,109,817,326.14 at the end of the previous year[8] - Total liabilities decreased from ¥744,275,497.59 to ¥633,466,749.25, a decline of approximately 14.9%[52] - Current liabilities decreased from ¥721,249,411.20 to ¥610,440,662.86, a decline of approximately 15.4%[52] - Cash and cash equivalents decreased from ¥591,605,766.64 to ¥467,140,166.67, a decline of approximately 21.1%[56] - Accounts receivable increased from ¥728,652,796.50 to ¥739,271,518.89, an increase of approximately 1.8%[56] - Total equity increased from ¥2,365,541,828.55 to ¥2,461,241,032.01, an increase of approximately 4.1%[55] Operational Highlights - The company received government subsidies amounting to ¥933,382.38 during the reporting period[8] - The company launched the "Grid-based Community Epidemic Prevention System" and "Grid-based Resumption Management System" to support epidemic control and resumption of work across multiple provinces[26] - The company is actively promoting non-public issuance to enhance its smart city management service platform and other projects[27] - The company signed a research contract with the Ministry of Housing and Urban-Rural Development to explore blockchain technology applications in urban management[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 42,388[12] - There are no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[34] - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[42] - There are no violations regarding external guarantees during the reporting period[41] Compliance and Audit - The company did not apply the new revenue and leasing standards for the first quarter of 2020, indicating no adjustments were made to prior financial statements[90] - The first quarter report for 2020 was not audited, which may affect the reliability of the financial data presented[92]

Financial Performance - The company's operating revenue for 2019 was ¥1,257,538,949.54, a decrease of 2.43% compared to 2018[25]. - Net profit attributable to shareholders for 2019 was ¥130,702,321.60, an increase of 11.53% from the previous year[25]. - The net profit after deducting non-recurring gains and losses was ¥127,366,845.46, reflecting a growth of 10.18% year-over-year[25]. - The net cash flow from operating activities was ¥183,788,142.62, up by 4.59% compared to 2018[25]. - Basic and diluted earnings per share for 2019 were both ¥0.31, representing a 10.71% increase from the previous year[25]. - Total assets at the end of 2019 amounted to ¥3,109,817,326.14, a 0.67% increase from the end of 2018[25]. - The company's net assets attributable to shareholders increased by 8.44% to ¥2,354,372,357.19 at the end of 2019[25]. - The company reported a total revenue of ¥502,332,808.05 in Q4 2019, which was the highest quarterly revenue for the year[28]. - Revenue from the smart city management sector was ¥1,251,816,337.22, accounting for 99.54% of total revenue, with a slight decrease of 0.98% year-over-year[109]. - The company achieved a 16.48% increase in operating service revenue, totaling ¥649,938,260.12, compared to ¥557,962,225.05 in the previous year[109]. Dividend Distribution - The company reported a profit distribution plan, proposing a cash dividend of 0.4 RMB per 10 shares based on a total of 431,158,006 shares[10]. - The company distributed a cash dividend of 0.4 yuan per 10 shares, totaling 17,246,320.20 yuan for the year 2019, with a payout ratio of 100% of the distributable profits[192]. - The total number of shares for the cash dividend distribution was based on 431,158,006 shares, with the dividend payment approved by the board and shareholders[199]. - The company’s profit distribution policy is in compliance with its articles of association, ensuring the protection of shareholders' interests[192]. - The company has not proposed any capital reserve conversion to increase share capital for the reporting period, focusing solely on cash dividends[192]. - The company’s cash dividend distribution plan has been consistent over the past three years, maintaining a clear and transparent approach to profit allocation[199]. Market and Competition - The company faces risks related to government procurement, as its revenue primarily comes from government contracts, which may be affected by fiscal tightening[6]. - The company acknowledges the risk of intensified market competition in the smart city sector, which may impact market share and profit margins if it fails to maintain a technological edge[6]. - The company is committed to enhancing its marketing and localization service capabilities to counteract competitive pressures in the industry[6]. - The company is aware of the potential impact of macroeconomic uncertainties on local government investments in electronic government systems[6]. Technological Development - The company has established a comprehensive knowledge management system to retain core technical personnel, crucial for product innovation and sustainable development[10]. - The company has a high-quality technical team and is implementing measures to attract and stabilize core technical personnel, including stock incentive plans and improved welfare[10]. - The company developed a cloud-based comprehensive management platform for smart city applications, addressing the increasing user and data demands[39]. - The company has implemented a grid-based environmental protection system, integrating IoT technology for effective pollution source management[42]. - The company is focused on grid-based and smart city development, leveraging modern information technologies for better resource integration[84]. - The company is focusing on blockchain technology research and its application in urban management, aiming to enhance data sharing and improve the efficiency of urban governance[184]. Urban Management Initiatives - The company is focused on expanding its digital city management platform and specialized management information systems for government departments[6]. - The company is committed to addressing the challenges of overlapping responsibilities and unclear subjects in urban management through comprehensive digital platforms and databases[47]. - The company is actively participating in the urban drainage pipeline improvement initiative, aligning with the Ministry of Housing and Urban-Rural Development's three-year action plan for enhancing urban sewage treatment from 2019 to 2021[96]. - The company aims to achieve full coverage and management of urban drainage networks, providing a basis for repairs and improvements through comprehensive surveys and data collection[98]. - The company is developing a smart drainage comprehensive supervision platform that integrates data management, big data analysis, and emergency response systems to address urban flooding and water pollution issues[98]. - The company is focusing on the construction of a smart city comprehensive management service platform, which will enhance urban management capabilities and improve service levels through advanced technologies like IoT and big data[171]. Government Policies and Support - The government emphasizes the need for digital and intelligent management of urban underground pipelines, as outlined in the National New Urbanization Plan (2014-2020) and the National Smart City Pilot Indicator System[56]. - The government aims to improve social governance through the use of information technology, enhancing the ability to analyze, serve, and manage public affairs more effectively[55]. - The government has issued multiple policy documents since 2013 to improve urban drainage management and infrastructure, indicating a supportive regulatory environment for the company's projects[65]. - The company is responding to national policies aimed at improving urban drainage and flood prevention infrastructure, which is expected to drive demand for its smart drainage solutions[177]. Research and Development - In 2019, the company's R&D expenses totaled ¥88,171,438.34, representing 7.01% of operating revenue, an increase from 6.31% in 2018[129]. - The number of R&D personnel increased to 339, accounting for 22.24% of the workforce, up from 15.52% in 2018[129]. - The company has filed for various patents, including systems for urban parking management and waste management, indicating ongoing innovation[77][81]. - The company has obtained multiple software copyrights during the reporting period, enhancing its intellectual property portfolio[74]. Strategic Partnerships - The company is collaborating with Alibaba Cloud and Huawei to enhance smart city solutions and cloud management services, aiming for mutual benefits and improved service offerings[103]. - The company is actively collaborating with partners like Huawei and Alibaba to leverage its technological advantages in grid-based epidemic prevention systems[186].

Financial Performance - Operating revenue for the reporting period was CNY 233,677,145.20, representing a year-on-year increase of 0.73%[8] - Net profit attributable to shareholders of the listed company was CNY 940,567.99, down 90.63% compared to the same period last year[8] - Basic earnings per share decreased by 95.76% to CNY 0.001[8] - The weighted average return on net assets was 0.04%, a decrease of 0.44% compared to the previous year[8] - Net profit attributable to shareholders increased by 39.54% year-on-year, with a 25.24% increase after excluding new equity incentive expenses for the July-September period[21] - The company’s total profit for the current period is ¥4,624,497.94, down from ¥14,546,352.44 in the previous period, a decrease of about 68.3%[54] - Net profit for the current period was ¥94,625,240.72, compared to ¥89,564,378.87 in the previous period, marking an increase of 5.8%[71] - The company reported a total comprehensive income of ¥94,625,240.72 for the current period, compared to ¥89,564,378.87 in the previous period[75] - The net profit for the current period is 60,726,324.34, an increase from 57,222,927.76 in the previous period, representing a growth of approximately 4.4%[78] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,980,010,887.77, a decrease of 3.53% compared to the end of the previous year[8] - Total liabilities decreased from 908,040,244.06 to 648,300,182.92, a reduction of approximately 28.6%[37] - Current liabilities decreased from 884,826,709.91 to 625,980,354.61, representing a decline of about 29.2%[37] - Total equity increased from 2,180,983,705.11 to 2,331,710,704.85, an increase of approximately 6.9%[40] - Total assets decreased from 3,089,023,949.17 to 2,980,010,887.77, a reduction of approximately 3.5%[40] - Total liabilities were CNY 663,989,963.47, remaining unchanged from the previous period[114] - Total equity reached CNY 2,180,041,967.09, a decrease of CNY 17,308,224.47 compared to the previous period[114] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 122,529,963.98, an increase of 19.91% year-on-year[8] - The net cash flow from operating activities is -122,529,963.98, an improvement from -152,997,966.80 in the previous period[89] - Cash outflow from operating activities totals 947,757,469.06, compared to 983,214,266.63 in the previous period, showing a decrease of about 3.6%[89] - Investment activities generated a net cash outflow of ¥45,859,205.86, a 35.02% increase compared to the previous year, mainly due to the purchase of office properties[22] - Financing activities resulted in a net cash outflow of ¥145,090,423.26, a 117.49% increase year-on-year due to a decrease in bank borrowings[22] - Cash inflow from financing activities is 163,824,000.00, compared to 167,000,000.00 in the previous period, reflecting a slight decrease[89] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 47,477[12] - The largest shareholder, Wu Qianghua, held 28.23% of the shares, totaling 120,410,814 shares[12] Expenses - Management expenses rose by 105.90% to ¥72,259,330.96 from ¥35,094,770.84, primarily due to an increase in equity incentive expenses[21] - Research and development expenses rose to ¥30,501,240.26 from ¥22,942,997.56, indicating an increase of about 33%[51] - Sales expenses increased to ¥25,421,746.94 from ¥24,008,549.54, which is an increase of about 5.9%[51] - The company’s management expenses rose to ¥72,259,330.96 from ¥35,094,770.84, showing a significant increase of 105.6%[68] Government Subsidies - The company received government subsidies amounting to CNY 3,362,176.25 during the reporting period[8]