Financial Performance - Total revenue for Q1 2020 was ¥256,253,083.08, representing a slight increase of 0.46% compared to ¥255,091,348.19 in the same period last year[8]. - Net profit attributable to shareholders was -¥15,271,142.68, an improvement of 41.31% from -¥26,021,350.11 year-on-year[8]. - Basic and diluted earnings per share were both -¥0.0216, showing a 41.30% improvement from -¥0.0368 in the same period last year[8]. - The net loss for the current period was CNY 15,969,107.91, an improvement compared to a net loss of CNY 28,723,231.40 in the previous period, showing a reduction of about 44.4%[94]. - The company reported a total comprehensive loss of CNY 9,967,253.53, compared to a loss of CNY 20,196,651.91 in the previous period, indicating a reduction of about 50.7%[97]. - The net profit for the period was -16,034,963.19, compared to -24,117,037.34 in the previous period, showing an improvement of approximately 33.5%[101]. Cash Flow - The net cash flow from operating activities improved significantly, reaching -¥32,368,601.42, a 64.57% increase compared to -¥91,367,209.62 in the previous year[8]. - Cash flow from operating activities was -32,368,601.42, an improvement from -91,367,209.62 in the previous period, reflecting a significant recovery in cash flow[108]. - Cash inflow from operating activities totaled 268,732,632.68, slightly down from 272,121,276.17 in the previous period, a decrease of about 1.4%[105]. - Cash outflow from operating activities was 301,101,234.10, down from 363,488,485.79 in the previous period, a decrease of approximately 17.2%[108]. - The company reported a total of ¥79,192,549.10 in cash inflows from operating activities, a notable increase from ¥24,497,860.34 in the previous period[112]. - The ending balance of cash and cash equivalents was 359,509,831.00, down from 503,255,690.57 in the previous period, a decrease of approximately 28.5%[111]. Assets and Liabilities - Total assets increased by 3.34% to ¥2,164,962,143.64 from ¥2,094,901,033.45 at the end of the previous year[8]. - Current liabilities rose to CNY 792,406,374.99, compared to CNY 712,201,293.88, indicating an increase of approximately 11.3%[78]. - Total liabilities reached CNY 800,211,240.98, up from CNY 720,432,877.26, marking a growth of around 11.1%[78]. - Owner's equity totaled CNY 1,364,750,902.66, a slight decrease from CNY 1,374,468,156.19, reflecting a decline of about 0.8%[81]. - The company’s total assets amounted to CNY 1,693,382,720.19, an increase from CNY 1,611,879,025.73, representing a growth of approximately 5.1%[88]. Investments and Expenses - Research and development expenses rose by 6.55 million yuan, an increase of 61.97%, attributed to the inclusion of a subsidiary in the consolidated financial statements and increased R&D personnel[26]. - Investment income increased by 22.86 million yuan, a growth of 87.83%, due to a change in accounting treatment for an investment in a property insurance company[26]. - Total operating costs increased to CNY 265,236,312.09 from CNY 258,836,354.55, reflecting a rise of about 2.3%[91]. - Research and development expenses rose significantly to CNY 17,133,124.56, up from CNY 10,578,193.69, indicating a growth of approximately 62.1%[91]. Shareholder Information - The top ten shareholders collectively hold significant stakes, with the largest shareholder owning 18.98% of the company[13]. - The company did not engage in any repurchase transactions during the reporting period[16]. - The company plans to raise up to ¥1,352.98 million through a private placement of shares, which will be used for projects including "bank digital transformation solutions" and "bank smart device industrialization" among others[41]. - The company acknowledges potential risks associated with the private placement of shares, including regulatory approval uncertainties[52]. Business Strategy and Market Position - The company plans to enhance its core competitiveness through product and technology innovation in the financial technology sector[35]. - The company aims to build a comprehensive financial ecosystem by expanding into personal credit and internet insurance services[35]. - The company is focusing on developing innovative business models in financial technology, including personal credit, internet insurance, and financial big data services[42]. - The company is actively managing risks related to short-term profitability and operational funding shortages due to the expansion of new business segments[46][48]. - The company has implemented measures to control costs and stabilize operations amid the global impact of the COVID-19 pandemic[41][53]. Supplier and Customer Information - The top five suppliers accounted for 47.92% of the total procurement amount, with the largest supplier contributing 18.31%[37]. - The total sales amount for the top five customers reached ¥49,864,269.84, accounting for 19.46% of the total sales during the reporting period, an increase of 4.80 percentage points year-on-year[40]. - The procurement amount from the top five suppliers accounted for 47.91% of the total procurement, an increase of 3.68 percentage points compared to the same period last year[40]. - The company has not relied on any single supplier or customer, with no single supplier or customer accounting for more than 30% of total procurement or sales, respectively[40].

Financial Performance - The company's operating revenue for 2019 was CNY 1,181,006,553.61, a decrease of 9.10% compared to 2018[29]. - The net profit attributable to shareholders for 2019 was CNY 4,917,894.10, down 86.24% from the previous year[29]. - The net cash flow from operating activities was negative CNY 53,425,673.79, a decline of 154.97% compared to 2018[29]. - The basic earnings per share for 2019 was CNY 0.0070, representing an 86.17% decrease from 2018[29]. - The total operating revenue for the company in 2019 was ¥1,181,006,553.61, representing a decrease of 9.10% compared to ¥1,299,251,173.43 in 2018[105]. - The revenue from the financial information technology segment was CNY 172.04 million, a significant drop of 43.78% year-on-year due to fluctuations in major client purchases[88]. - The mobile information services segment generated revenue of CNY 633.00 million, representing a growth of 3.31% year-on-year[89]. - The internet insurance subsidiary, Yi'an Insurance, achieved premium income of CNY 1.04 billion, down 18.82% year-on-year, with a net loss of CNY 114.79 million[93]. - The company reported a significant decline in net profit for 2019 due to adjustments in insurance liability reserves by its invested internet insurance company, Yi'an Insurance[167]. Investment and Funding - The company plans to raise 1.353 billion RMB through a private placement of shares for projects including bank digital transformation solutions and R&D center[8]. - The company invested RMB 39,150,000 in Dongya Qianhai Securities, holding a 26.10% stake after the investment[71]. - The company invested CNY 5.50 million to increase its stake in Beijing Jiezhi Rong Software Co., Ltd., which now operates as a subsidiary[95]. - The company has temporarily used RMB 162 million of idle raised funds for cash management purposes[147]. - The company has not changed the purpose of the raised funds, maintaining a 0% change ratio[146]. - The total amount of raised funds and interest remaining unused is RMB 270.19 million[147]. Business Expansion and Strategy - The company has expanded its business into personal credit, internet insurance, securities, and financial big data, establishing a comprehensive financial ecosystem[5]. - The company aims to establish a comprehensive financial ecosystem by developing personal credit services and participating in the establishment of financial service institutions like internet insurance and securities[165]. - The company is actively integrating its business resources to develop the financial technology innovation market, focusing on personal credit and data services[168]. - The company has made significant investments in financial technology, expanding its business through acquisitions and external investments[162]. - The company’s main business has shifted from financial information technology to comprehensive financial services, leveraging opportunities in emerging industries like internet finance and big data[162]. Operational Challenges - The company anticipates short-term profitability risks due to high initial investments in new businesses like personal credit services and data services[5]. - The company has faced delays in project deliveries and increased costs due to the COVID-19 pandemic, but the overall impact on performance is expected to be limited[9]. - The impact of the COVID-19 pandemic has led to delayed project deliveries and increased costs, but the overall effect on the company's performance is limited[179]. - The company faces risks related to short-term profitability and operational funding shortages as it expands its new business segments[173][174]. Cash Management and Dividends - The company will not distribute cash dividends or bonus shares for the year[10]. - The company’s board of directors decided against cash dividends for 2019 to ensure sustainable development and risk resilience[188]. - The company has not distributed any cash dividends in 2019, with retained earnings being carried forward for future operational needs[194]. - The cash dividend for the fiscal year 2018 was 0.2 RMB per share, totaling 14,132,810.70 RMB distributed to shareholders[190]. - The company’s profit distribution policy aligns with its Articles of Association, focusing on sustainable growth and shareholder value[194]. Research and Development - The company holds 224 software copyrights and 84 patents, including 9 invention patents, showcasing its technological leadership[78]. - The company’s research and development expenditures increased by RMB 5,707,405.88, a growth of 80.93%, reflecting increased investment in product development[77]. - R&D investment amounted to ¥81,340,235.97, which is 6.89% of the operating revenue[122]. - The number of R&D personnel increased to 532, accounting for 56.96% of the total workforce[122]. Market Position and Customer Base - The company has established a strong market position, serving over 360 banks across 31 provinces, covering approximately 45% of the total bank outlets in China[51]. - The company has a customer base exceeding 500,000 enterprises across over 200 cities in China, covering more than 30 industries, showcasing its extensive market reach[62]. - Yimei Ruantong's mobile information services business remains stable, providing multi-dimensional services such as mobile marketing and customer management, with a strong market recognition for its products[54]. - Yimei Ruantong's competitive advantage lies in its stable service quality and extensive customer base, which supports its growth in the mobile information service sector[58].

Financial Performance - Total revenue for Q1 2020 was ¥256,253,083.08, representing a 0.46% increase compared to ¥255,091,348.19 in the same period last year[9]. - Net profit attributable to shareholders was -¥15,271,142.68, an improvement of 41.31% from -¥26,021,350.11 year-on-year[9]. - Basic earnings per share were -¥0.0216, a 41.30% increase from -¥0.0368 in the same period last year[9]. - The company reported a total operating revenue of 256.25 million yuan, representing a year-on-year increase of 0.46%[32]. - The net profit attributable to shareholders was -15.27 million yuan, a year-on-year improvement of 41.31%[32]. - The net loss for the quarter was CNY 15,969,107.91, an improvement from a net loss of CNY 28,723,231.40 in the same period last year[95]. - The net loss for the current period was ¥16,034,963.19, compared to a net loss of ¥24,117,037.34 in the previous period, showing an improvement of 33.5%[102]. - The total comprehensive income for the current period was -¥9,269,288.30, an improvement from -¥17,494,770.62 in the previous period[98]. Cash Flow and Liquidity - Net cash flow from operating activities was -¥32,368,601.42, showing a 64.57% improvement compared to -¥91,367,209.62 in the previous year[9]. - Cash inflows from operating activities totaled ¥268,732,632.68, slightly down from ¥272,121,276.17 in the previous period[106]. - The total cash and cash equivalents at the end of the period amounted to 359,509,831.00, down from 503,255,690.57 in the previous period[112]. - The net cash flow from financing activities was 23,842,385.11, down from 53,037,916.36 in the previous period, reflecting a decrease in financing activities[112]. - The net increase in cash and cash equivalents for the period was 88,845,691.59, down from 125,856,228.68 in the previous period, reflecting overall cash management challenges[112]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,164,962,143.64, up 3.34% from ¥2,094,901,033.45 at the end of the previous year[9]. - Total liabilities increased to ¥800,211,240.98 from ¥720,432,877.26, marking an increase of approximately 11.06%[79]. - The company's total equity as of March 31, 2020, was ¥1,364,750,902.66, down from ¥1,374,468,156.19, reflecting a decrease of approximately 0.79%[82]. - The total assets increased to CNY 1,693,382,720.19 from CNY 1,611,879,025.73, showing a growth of about 5.0%[89]. - Total liabilities rose to CNY 478,236,578.43 from CNY 386,699,775.16, indicating an increase of approximately 23.6%[89]. Research and Development - Research and development expenses rose by 6.55 million yuan, an increase of 61.97% year-on-year, due to higher personnel and investment in R&D[27]. - The company is focusing on expanding its R&D capabilities, as indicated by the substantial increase in R&D expenses, which may lead to new product developments in the future[92]. - Research and development expenses increased to ¥10,063,109.04, representing a 93.5% increase from ¥5,212,121.94 in the previous period[99]. Shareholder Information - The top ten shareholders held a total of 51,700 shares, with Zhang Xuejun holding 18.98% of the shares[14]. - The company’s basic and diluted earnings per share increased by 0.0152 yuan, a growth of 41.30% year-on-year, due to reduced losses compared to the previous year[31]. Government Support and Subsidies - The company received government subsidies amounting to ¥2,899,525.93 during the reporting period[9]. Business Strategy and Future Plans - The company plans to enhance its core competitiveness through product and technology innovation in the financial technology sector[35]. - The company aims to develop personal credit-related financial services and establish financial service institutions like securities and internet insurance[35]. - The company plans to raise up to ¥1,352.975 million through a private placement of shares, which will be used for projects including bank digital transformation solutions and research and development center[42]. - The company is focusing on developing innovative business models in financial technology, including personal credit reporting and data services[46]. Operational Challenges - The company has faced challenges due to the COVID-19 pandemic, including delayed project deliveries and increased costs, but the overall impact is considered limited[54]. - The company has implemented measures to control costs and stabilize operations amid the impact of the COVID-19 pandemic[54]. - The company is actively managing risks related to short-term profitability and operational funding shortages due to the expansion of new business segments[49]. - The company is focused on enhancing its internal control systems and management capabilities to mitigate operational risks as it expands its business[50].

Financial Performance - Operating revenue for the reporting period was CNY 303,971,581.25, down 11.56% year-on-year[9] - Net profit attributable to shareholders was CNY 23,773,977.75, an increase of 909.32% compared to the same period last year[9] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 15,564,036.08, an increase of 618.16% year-on-year[9] - Basic earnings per share for the reporting period were CNY 0.0336, an increase of 918.18% compared to the same period last year[9] - The weighted average return on net assets was 1.77%, an increase of 1.59 percentage points compared to the previous year[9] - Basic and diluted earnings per share decreased by CNY 0.0035, a decline of 68.63%, due to reduced net profit[30] - The total comprehensive income for the current period was ¥25,355,760.09, compared to ¥307,019.32 in the previous period[68] - The net profit for the year-to-date period is ¥1,188,117.37, a decrease of 72.9% from ¥4,383,535.67 in the previous year[80] - The net profit for the current period is a loss of ¥2,557,003.61, an improvement from a loss of ¥5,399,779.25 in the previous period[74] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,099,820,843.22, a decrease of 2.54% compared to the end of the previous year[9] - Total current assets as of September 30, 2019, amounted to CNY 1,268,171,210.13, a decrease from CNY 1,309,213,372.73 at the end of the previous period[44] - Total liabilities decreased to CNY 731,953,054.60 from CNY 788,659,589.85, a reduction of about 7.2%[47] - The company's total equity increased slightly to CNY 1,367,867,788.62 from CNY 1,365,894,415.71, a marginal increase of about 0.1%[50] - The company's total assets decreased to ¥1,591,370,956.46 from ¥1,703,384,957.25, a decline of approximately 6.6%[60] - Total liabilities amounted to CNY 788,659,589.85, with current liabilities at CNY 610,947,555.40 and non-current liabilities at CNY 177,712,034.45[116] - The total equity of the company reached CNY 1,365,894,415.71, including CNY 706,640,535.00 in share capital and CNY 375,979,751.21 in capital reserves[116] Cash Flow - The company reported a net cash flow from operating activities of CNY -144,623,932.46, a decrease of 15.05% year-on-year[9] - Cash and cash equivalents decreased by CNY 148.74 million, a decline of 38.16%, primarily due to the repayment of bank acceptance bills and seasonal cash flow characteristics[24] - Cash flow from operating activities shows a net outflow of -¥144,623,932.46, worsening from -¥125,701,684.43 in the previous period[93] - The net cash flow from operating activities was -131,226,319.13, compared to -154,473,883.66 in the previous period, showing an improvement[102] - Cash inflow from investment activities totaled 449,919,885.86, slightly up from 442,384,290.39 in the previous period[102] - The net cash flow from investment activities was 78,420,131.74, down from 172,908,323.06 in the previous period[102] - Cash outflow from financing activities amounted to 312,661,039.77, compared to 244,657,130.51 in the previous period[105] - The ending balance of cash and cash equivalents was 170,532,265.01, down from 265,452,809.70 in the previous period[105] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 58,737[13] - The top ten shareholders held a total of 134,126,800 shares, representing 18.98% of the total shares[14] - The company did not conduct any repurchase transactions during the reporting period[17] - The company did not implement a cash dividend plan for Q3 2019[36] Research and Development - R&D expenses increased by CNY 15.06 million, a growth of 54.58%, due to increased personnel and investment in R&D[26] - Research and development expenses increased to ¥16,992,207.60, up 67.5% from ¥10,143,607.29 in the previous period[61] - Research and development expenses increased to ¥19,587,722.67 from ¥14,584,947.91, reflecting a growth of 34.5%[88] Other Financial Metrics - Investment income increased by CNY 39.23 million, a growth of 85.70%, driven by improved performance of invested companies[29] - The company reported an investment income of ¥12,948,853.14, a recovery from a loss of ¥9,132,248.15 in the previous period[64] - The company's investment income shows a loss of -¥10,244,358.55, an improvement from -¥39,544,113.59 in the previous period[88] - The company received tax refunds of 356,294.76, an increase from 274,082.37 in the previous period[102] Inventory and Receivables - Accounts receivable increased to CNY 446,915,526.47 from CNY 387,092,859.87, reflecting a growth of approximately 15.4%[41] - Prepayments rose significantly to CNY 203,821,432.86, up from CNY 121,317,967.75, indicating an increase of about 68.1%[41] - The company reported a decrease in inventory to CNY 113,494,651.42 from CNY 127,534,000.88, a decline of approximately 11.0%[41] - The company reported a total of CNY 30,221,099.60 in inventory, which is crucial for operational efficiency[119]

证券代码：300085 证券简称：银之杰 公告编号：2019-044 深圳市银之杰科技股份有限公司 关于参加2019年深圳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信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流工作，深圳市银之杰科技股份有限公司（以 下简称"公司"）将参加由深圳上市公司协会、深圳市全景网络有限公司共同举办 的"改革创新发展 沟通互信共赢"——深圳辖区上市公司 2019 年度投资者网上集 体接待日主题活动，现将有关事项公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台，采取网络 远程的方式举行。投资者可以登录"全景•路演天下"网站（http://rs.p5w.net/） 或关注微信公众号：全景财经，参与公司本次投资者集体接待日活动，活动时间为 2019 年 9 月 3 日 14:00 至 18:00。届时公司董事会秘书、财务总监刘奕先生将通过 网络文字交流形式与投资者进行沟通。 欢迎广大投资者积极参与。 特此公告。 深圳市银之杰科技股份有限公司董事会 二〇一九年八月二十八日 ...

Business Expansion and Strategy - The company reported a significant expansion in its core business of financial technology services, focusing on personal credit, internet insurance, and financial big data, with new strategic layouts in these areas [7]. - The company has established joint ventures such as Huada Credit and launched businesses like Yian Insurance and Dongya Qianhai Securities, with Huada Credit receiving operational approval in February 2018 [7]. - The company emphasizes the importance of integrating talent, technology, and resources to accelerate the development of new businesses [8]. - The company has diversified its business into various fields, including financial information technology, digital financial solutions, and e-commerce, to support long-term growth [12]. - The company has established a comprehensive risk management framework to address potential challenges arising from its expanding business operations [13]. - The company is expanding into new business areas, including financial information, digital financial solutions, and internet insurance, which may lead to short-term profitability risks due to high initial investments [139]. Financial Performance - Total revenue for the reporting period was ¥539,796,493.99, a decrease of 15.30% compared to the same period last year [34]. - Net profit attributable to shareholders was -¥22,623,049.65, representing a significant decline of 1,865.27% year-over-year [34]. - The net cash flow from operating activities was -¥146,789,281.46, a decrease of 59.90% compared to the previous year [34]. - Basic earnings per share were -¥0.0320, down 1,877.78% from the previous year [34]. - Total assets at the end of the reporting period were ¥2,129,339,158.27, a decrease of 1.17% from the end of the previous year [34]. - Net assets attributable to shareholders were ¥1,330,550,759.67, down 1.53% from the previous year [34]. - The company reported a net profit of 14,996,323.02 RMB from its subsidiary Beijing Yimei Soft Technology Co., Ltd [131]. - The company’s investment in Dongya Qianhai Securities resulted in a net loss of RMB 19.49 million, affecting the company's investment income by -RMB 508.59 million [94]. Cash Flow and Management - The company plans to enhance its operational funding management to mitigate risks associated with funding shortages as new business segments expand [11]. - The company is committed to improving its cash flow situation and effectively utilizing both self-raised and raised funds to ensure sufficient operational capital [11]. - The company plans to strengthen accounts receivable management and improve cash flow to ensure sufficient operating funds amid increasing operational capital needs [138]. - The company has a net amount of RMB 34,489.21 million from non-public stock issuance, with RMB 9,024.74 million invested in projects [113]. - The company utilized a total of 16,700 million RMB of temporarily idle raised funds for cash management during the reporting period [124]. Risk Management - The company acknowledges the risk of short-term profitability due to high initial investments in new businesses, which may affect overall profitability in the near term [12]. - The company is actively addressing management risks by enhancing its talent pool and optimizing its internal control systems [13]. - The company has established a strong customer base in the financial sector, serving over 360 banks across 31 provinces, accounting for approximately 45% of the total bank outlets in China [50]. - The company has maintained a competitive edge in the financial information technology industry through high-quality products and services, leading to a solid market position [50]. E-commerce and Market Presence - Anke Innovation's main business remains stable, focusing on cross-border e-commerce services, primarily selling home security and smart home products through platforms like Amazon and eBay [62]. - The company has expanded its product categories to include daily 3C electronic products, enhancing its market presence [63]. - The retail import and export total of China's cross-border e-commerce reached 134.7 billion RMB in 2018, marking a 50% year-on-year growth [67]. - The company operates in over 30 countries, including the US, UK, Germany, and Australia, with a focus on expanding its offline sales channels [68]. Shareholder Information - The total number of shares is 706,640,535, with 41.26% being restricted shares and 58.74% being unrestricted shares [187]. - The number of restricted shares held by major shareholders remains unchanged at 291,578,928 [190]. - Zhang Xuejun holds 18.98% of the total shares, amounting to 134,126,800 shares [191]. - He Ya holds 16.27% of the total shares, amounting to 114,994,400 shares [194]. - Chen Xiangjun holds 8.16% of the total shares, amounting to 57,650,700 shares [194]. - Li Jun holds 8.16% of the total shares, amounting to 57,644,200 shares, with 33,500,000 shares pledged [194]. Corporate Governance and Compliance - The company has not experienced any major litigation or arbitration matters during the reporting period [149]. - The company has not undergone any bankruptcy reorganization during the reporting period [148]. - The company has not implemented any stock incentive plans or employee shareholding plans during the reporting period [152]. - The company has no significant contracts or external guarantees that exceed 10% of the total profit for the reporting period [165][172]. - The company has no major environmental protection issues and is not classified as a key pollutant discharge unit [174].

Financial Performance - Total revenue for Q1 2019 was ¥255,091,348.19, a decrease of 9.04% compared to ¥280,440,060.58 in the same period last year[9]. - Net profit attributable to shareholders was -¥26,021,350.11, representing a decline of 63.00% from -¥15,964,291.67 year-over-year[9]. - Basic and diluted earnings per share were both -¥0.0368, a decrease of 62.83% from -¥0.0226 in the same period last year[9]. - The company reported a total revenue of 255.09 million yuan for Q1 2019, a decrease of 9.04% compared to the same period last year[29]. - The net profit for the quarter was -26.02 million yuan, representing a decline of 63.00% year-on-year[29]. - The company's operating revenue for the current period was ¥44,681,962.45, a decrease of 6.4% compared to ¥47,928,450.19 in the previous period[85]. - The net profit for the current period was -¥28,723,231.40, compared to -¥14,628,464.74 in the previous period, indicating a significant increase in losses[84]. - The total comprehensive income for the current period was -¥20,196,651.91, compared to -¥16,729,974.03 in the previous period, indicating a decline in overall financial health[84]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥91,367,209.62, which is a 21.22% increase in cash outflow compared to -¥75,371,792.60 in the previous year[9]. - Cash and cash equivalents increased by 123.50 million yuan, a growth of 31.68% from the beginning of the year, primarily due to the redemption of cash management funds[22]. - The cash flow from operating activities was ¥237,923,078.94, slightly up from ¥237,684,518.91 in the previous period, indicating stable cash generation[92]. - The total cash and cash equivalents at the end of the period reached 503,255,690.57, up from 275,091,060.55, indicating a solid liquidity position[97]. - The company experienced a net increase in cash and cash equivalents of 125,856,228.68, contrasting with a decrease of -25,716,694.48 in the previous period, reflecting improved cash management[97]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,164,634,771.74, reflecting a slight increase of 0.47% from ¥2,154,554,005.56 at the end of the previous year[9]. - Total liabilities increased to ¥818,937,007.94 from ¥788,659,589.85, reflecting a growth of approximately 3.2%[66]. - The company's total liabilities amounted to CNY 519,371,530.63, up from CNY 484,388,632.55 in the previous period, reflecting an increase of 7.2%[77]. - The company's total current assets reached ¥1,338,345,344.25, slightly up from ¥1,309,213,372.73 at the end of 2018, representing a growth of approximately 2.2%[62]. - The company's total equity remained stable at ¥706,640,535.00, unchanged from the previous reporting period[66]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 58,084[13]. - The top three shareholders, Zhang Xuejun, He Ye, and Chen Xiangjun, collectively hold 43.41% of the company's shares[14]. - The total equity attributable to shareholders was CNY 1,203,405,866.85, down from CNY 1,218,996,324.70 at the end of 2018, reflecting a decrease of 1.3%[77]. Investment and Development - The company has secured a project with Agricultural Bank of China, generating cumulative revenue of 245 million yuan to date[33]. - The company has launched new product series in financial information and digital financial solutions, laying a solid foundation for achieving annual business goals[39]. - Over 600 institutions have signed on to the personal credit information system developed by the company’s investment in Baihang Credit, marking a strong start in the fintech innovation market[39]. - The company plans to focus on market expansion and new product development to improve future performance[90]. Risks and Challenges - The company faces risks related to new business developments not meeting expectations, particularly in personal credit and internet insurance sectors[41]. - There is a risk of operational funding shortages as the company expands its new business segments[44]. - The company acknowledges the risk of short-term profitability due to high initial investments in new business areas[45]. - The company is committed to enhancing internal controls and management efficiency to mitigate operational risks[40]. - The company is actively recruiting high-quality talent to address management challenges arising from its expanding business scope[46]. Operational Efficiency - The company's operating cash inflow decreased by 5.13 million yuan, a decline of 1.85%, attributed to reduced sales collections from a subsidiary[24]. - The company reported an investment loss of -¥23,691,604.59, compared to -¥16,988,244.38 in the previous period, highlighting challenges in investment performance[89]. - The cash outflow for purchasing goods and services was 41,655,753.98, slightly higher than 39,820,736.27 in the previous period, indicating stable procurement costs[98]. Miscellaneous - Government subsidies recognized in the current period amounted to ¥1,502,310.73[9]. - The company has implemented new financial instrument standards effective from January 1, 2019[115]. - The first quarter report for 2019 was not audited[118].

Business Expansion and Strategy - The company reported a significant expansion in its core financial technology services, actively exploring new business strategies in personal credit, internet insurance, and financial big data[6]. - The company is focusing on integrating resources and leveraging partnerships to accelerate the development of new businesses[7]. - The strategic expansion into various financial sectors, including digital financial solutions and mobile information services, is aimed at long-term growth despite short-term profitability risks[11]. - The ongoing development of new business areas is expected to require significant investment, which may impact short-term profitability[11]. - The company is committed to maintaining a reasonable overall profitability while advancing its emerging business initiatives[11]. - The company has established a comprehensive financial ecosystem by investing in personal credit services and participating in the establishment of internet insurance and securities institutions[43]. - The company is actively exploring new business opportunities in personal credit, internet insurance, and financial big data to align with market trends[180]. - The company has established several new businesses, including personal credit services, internet insurance, and securities, but these ventures have not yet achieved profitability, indicating a risk of underperformance in new business development[182]. Financial Performance - The company's operating revenue for 2018 was CNY 1,299,251,173.43, representing a 13.21% increase from CNY 1,147,678,765.17 in 2017[31]. - The net profit attributable to shareholders for 2018 was CNY 35,750,737.69, a significant increase of 60.76% compared to CNY 22,238,457.43 in 2017[31]. - The net cash flow from operating activities improved to CNY 97,185,860.43 in 2018, a 239.51% increase from a negative CNY 69,662,634.00 in 2017[31]. - The total revenue for the company reached ¥1.30 billion, representing a year-on-year increase of 13.21%[101]. - The financial information sector saw a significant revenue increase of 243.08%, totaling ¥306.01 million, compared to ¥89.20 million in the previous year[101]. - The company achieved a significant revenue increase in financial information services, with a contract amounting to approximately CNY 230 million from the Agricultural Bank of China, contributing to substantial growth in this segment[177]. Investment and Capital Management - The company plans to enhance its management of accounts receivable and improve cash flow to mitigate operational funding shortages as new business segments expand[10]. - The company has committed to improving its cash flow situation and utilizing financing channels to address operational funding needs[183]. - The company raised a total of 251.70 million CNY through its IPO, with 45 million CNY allocated to permanently supplement working capital[152]. - The company has 266.14 million CNY of unused raised funds and interest, with 167 million CNY temporarily idle for cash management[152]. - The company has adjusted the limit for cash management of idle raised funds from 160 million CNY to 170 million CNY, with a total of 167 million CNY utilized for cash management exceeding the original authorization[154]. Talent and Management Efficiency - The company emphasizes the importance of high-quality talent acquisition and management efficiency to navigate the complexities of its expanding operations[12]. - The complexity of the company's organizational structure and management system has increased with business expansion, raising the need for enhanced talent management and operational efficiency to mitigate management risks[185]. Profit Distribution - A profit distribution plan was approved, proposing a cash dividend of RMB 0.2 per 10 shares, with no bonus shares issued[12]. - The board of directors has proposed a profit distribution plan that aligns with the company's long-term development goals while considering shareholder interests[195]. - The company did not distribute any cash dividends in 2017 due to negative cash flow from operating activities, with a net cash flow of -122,034,463.02 yuan[197]. Market Trends and Opportunities - The potential market for personal credit services in China is expected to experience explosive growth due to the increasing penetration of credit in various sectors[172]. - By the end of 2018, the balance of consumer loans (excluding housing loans) in China reached CNY 12.05 trillion, marking a year-on-year growth of 25.52%, indicating a robust market for personal credit services[171]. - The software and information technology service industry in China achieved a revenue of 6.3061 trillion CNY in 2018, with a year-on-year growth of 14.2%, indicating a robust market environment for the company[167].

Financial Performance - Operating revenue for the period was CNY 343,686,449.42, an increase of 8.31% year-on-year, while year-to-date revenue reached CNY 980,984,103.55, up 23.64%[7] - Net profit attributable to shareholders decreased by 85.95% to CNY 2,355,441.81 for the period, and by 86.46% to CNY 3,637,002.85 year-to-date[7] - Basic earnings per share fell by 86.25% to CNY 0.0033 for the period, and by 86.92% to CNY 0.0051 year-to-date[7] - The company's net profit attributable to shareholders was CNY 222.94 million, slightly up from CNY 219.30 million in the previous year[41] - The net profit for Q3 2018 was CNY 1,188,189.05, compared to a net profit of CNY 23,268,583.28 in Q3 2017, indicating a decline of about 94.9%[48] - The total profit for Q3 2018 was CNY 2,623,792.00, down from CNY 26,546,626.86 in the previous year, reflecting a decrease of approximately 90.1%[48] - The company's operating profit for Q3 2018 was CNY 890,399.62, a decrease from CNY 26,533,835.88 in the same period last year, reflecting a decline of approximately 96.7%[48] - The company's operating profit for the third quarter was CNY 10.23 million, down from CNY 46.72 million in the previous year, a decline of 78.1%[56] Assets and Liabilities - Total assets increased by 6.47% to CNY 2,361,956,516.52 compared to the end of the previous year[7] - The company's total assets reached CNY 2.36 billion, compared to CNY 2.22 billion at the beginning of the period, reflecting a growth of 6.3%[41] - Total liabilities increased to CNY 1.01 billion, up from CNY 866.67 million, representing a rise of 16.8%[41] - The company reported total current assets of CNY 1.46 billion as of September 30, 2018, compared to CNY 1.26 billion at the beginning of the period, reflecting an increase of about 16.6%[39] Cash Flow - The company reported a net cash flow from operating activities of CNY -125,701,684.43 year-to-date, an increase of 11.41% compared to the previous year[7] - Cash inflow from operating activities increased by 77.98 million yuan, a growth of 9.31%, mainly due to increased sales and export tax refunds[22] - The cash flow from operating activities showed a net outflow of CNY -125.70 million, an improvement from CNY -141.90 million in the same period last year[61] - The net cash flow from investing activities was 85,975,311.82 CNY, a significant improvement compared to the previous period's negative cash flow of -426,434,025.11 CNY[63] - The net cash flow from financing activities was 69,087,930.13 CNY, down from 715,644,308.78 CNY in the previous period[63] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 42,825[10] - The top ten shareholders held a combined 73.49% of the shares, with the largest shareholder holding 18.98%[10] - The company did not engage in any repurchase transactions during the reporting period[10] - There were no significant changes in restricted shares during the reporting period[11] Accounts Receivable and Prepayments - Accounts receivable increased by 273.33 million yuan, a growth of 94.60%, due to the growth in the company's financial information services and its subsidiary's mobile business services[16] - Prepayments increased by 44.92 million yuan, a growth of 30.29%, primarily due to increased payments for goods and services[16] - The company reported a significant increase in accounts receivable, which rose to CNY 320.18 million from CNY 119.23 million, marking a growth of 168.5%[43] Financial Expenses and Impairments - Financial expenses increased by 6.49 million yuan, a growth of 121.86%, primarily due to increased interest expenses from bank loans[20] - Asset impairment losses increased by 12.38 million yuan, a growth of 276.60%, due to increased accounts receivable leading to higher bad debt provisions[19] - The asset impairment loss for Q3 2018 was CNY 4,671,417.46, compared to CNY 3,760,240.76 in Q3 2017, indicating an increase of about 24.2%[48] Strategic Decisions and Investments - The company plans to acquire 100% equity of Beijing Huibo Technology Co., Ltd. through a combination of issuing shares and cash payment, with the proposal approved by the board on November 30, 2017[26] - The company is in the process of liquidating its subsidiary Fujian Pianzaihuang Yinjie Health Management Co., Ltd., which holds 43% equity, with minimal impact on overall financial performance[28] - The company’s board has approved the strategic decision to optimize resource allocation and improve operational efficiency through the liquidation of the subsidiary[28] Research and Development - Research and development expenses for Q3 2018 amounted to CNY 10.14 million, an increase from CNY 8.05 million in the previous year[46] Other Income and Expenses - The company reported other income of CNY 444,081.03 in Q3 2018, up from CNY 330,860.45 in Q3 2017, indicating an increase of about 34.2%[48] - The company incurred a financial expense of CNY 6.59 million, compared to a financial income of CNY 0.51 million in the previous year, indicating a significant shift in financial performance[59] - The company reported a tax expense of CNY 8.73 million for the third quarter, compared to CNY 7.08 million in the same period last year, an increase of 23.3%[56]

Business Strategy and Development - The company has established strategic layouts in personal credit, internet insurance, and financial big data, including the establishment of Baihang Credit Co., which received its operating license in February 2018[6]. - The company reported that its new business segments, such as personal credit services and internet insurance, have not yet generated significant profits, indicating a high level of uncertainty in new business development[6]. - The company is actively exploring new business opportunities in the comprehensive financial technology sector, which includes financial information, mobile business services, and data services[10]. - The company acknowledges the risk of short-term profitability decline due to high initial investments in emerging businesses, which may not be profitable in the early stages[10]. - The company emphasizes the importance of talent acquisition and management efficiency to address the complexities arising from its expanding business operations[11]. - The company aims to leverage its resources and partnerships to accelerate the development of new businesses and mitigate associated risks[7]. - The company has initiated the establishment of a joint venture for personal credit services, which is still in its early stages and may face challenges in achieving profitability[6]. - The company has established a comprehensive financial ecosystem, extending its main business from financial information to internet finance, e-commerce, and personal credit services[69]. Financial Performance - Total revenue for the first half of 2018 reached ¥637,297,654.13, representing a 33.87% increase compared to ¥476,068,261.76 in the same period last year[26]. - Net profit attributable to shareholders decreased by 87.31% to ¥1,281,561.04 from ¥10,098,741.30 year-on-year[26]. - The net cash flow from operating activities was negative at ¥91,801,403.24, a decline of 96.33% compared to the previous year's negative ¥46,758,541.29[27]. - Basic and diluted earnings per share fell by 87.84% to ¥0.0018 from ¥0.0148 in the same period last year[27]. - The company reported a significant decline in net profit after deducting non-recurring gains and losses, with a loss of ¥2,207,197.30 compared to a profit of ¥10,139,029.81 in the previous year[26]. - The weighted average return on net assets decreased to 0.10% from 1.04% year-on-year, a drop of 0.94 percentage points[27]. - The company’s investment income was -36,651,021.79 CNY, reflecting a decrease of 493.26% due to losses from external investments[94]. Business Segments and Revenue Sources - The financial information business generated operating income of CNY 170.53 million, a substantial increase of 268.06% year-on-year, driven by large orders such as the CNY 245 million contract with Agricultural Bank of China[76]. - The mobile business service segment achieved revenue of 276.53 million yuan, representing a year-on-year growth of 13.44%[77]. - The e-commerce service segment generated revenue of 188.07 million yuan, an increase of 2.26% compared to the same period last year[78]. - The personal credit-related business reported revenue of 11.32 million yuan, with a net profit of -3.11 million yuan, impacting the company's investment income by -1.24 million yuan[79]. - The internet insurance business recorded original insurance premium income of 953 million yuan, a year-on-year increase of 105.86%, but reported a net profit of -164.35 million yuan[80]. - The securities business, through East Asia Qianhai Securities, is in the preparation phase, with a net profit of -27.96 million yuan impacting the company's investment income by -7.30 million yuan[81]. Investments and Acquisitions - The company plans to acquire 100% equity of Beijing Huibo Technology Co., Ltd. through a combination of share issuance and cash payment, pending regulatory approval[82]. - The company has invested 1.5 billion RMB in Yi'an Insurance, which focuses on internet-related insurance services, marking a significant step in the internet insurance sector[59]. - The establishment of Baixing Credit in 2018 represents a milestone in China's personal credit industry, enhancing the company's capabilities in credit services[62]. - The company holds a 26.10% stake in Dongya Qianhai Securities, which has received regulatory approval to operate, positioning itself as a technology-driven brokerage[63]. Operational Challenges and Risks - The company is facing operational funding shortages as it expands its new business segments, emphasizing the need for effective management of accounts receivable and cash flow[122]. - The company anticipates risks related to new business developments not meeting expectations, particularly in the early stages of operations for Baixing Credit and Yian Insurance[121]. - The company acknowledges the risk of short-term profitability due to high initial investments in emerging businesses like personal credit and internet insurance[123]. - The electronic commerce business faces intensified competition in the cross-border export market, which may impact profitability if product differentiation is not maintained[127]. Market Position and Competitive Advantages - The company has established a strong market position in the financial information technology sector, serving over 360 banks across 31 provinces, accounting for approximately 40% of the total bank outlets in China[42]. - The company’s competitive advantages include a strong brand image, extensive customer base, and high service quality, which enhance its market share and operational performance[49]. - The mobile information service industry is characterized by a stable competitive landscape, with ongoing demand for B2C messaging services remaining robust[51]. - The company continues to innovate with new products, such as intelligent seal control machines, to strengthen its market position in the financial information technology sector[42]. Shareholder and Equity Information - The total number of common shareholders at the end of the reporting period was 43,304[177]. - Zhang Xuejun held 18.98% of shares, totaling 134,126,800 shares, with no changes during the reporting period[177]. - He Ye owned 16.27% of shares, amounting to 114,994,400 shares, with no changes during the reporting period[177]. - Chen Xiangjun and Li Jun each held 8.16% of shares, with 57,650,700 and 57,644,200 shares respectively, also with no changes[177]. - The company’s total share capital remains unchanged at 706,640,535 shares[171]. Regulatory and Compliance Matters - The company has not experienced any major litigation or arbitration matters during the reporting period[136]. - The company has no major related party transactions during the reporting period[140]. - The company has not implemented any employee incentive plans during the reporting period[139]. - The company’s half-year financial report has not been audited[133].