Financial Performance - The company's operating revenue for 2021 was CNY 316,854,130.91, representing a 25.69% increase compared to CNY 252,089,287.48 in 2020[18]. - The net profit attributable to shareholders was a loss of CNY 171,619,605.14, which is a 44.29% increase in losses from CNY 118,944,865.73 in the previous year[18]. - The net cash flow from operating activities decreased by 75.29% to CNY 9,601,716.59, down from CNY 38,856,984.07 in 2020[18]. - The total assets at the end of 2021 were CNY 745,026,244.58, a decrease of 6.18% from CNY 794,088,221.95 at the end of 2020[18]. - The net assets attributable to shareholders decreased by 38.33% to CNY 255,101,577.92, down from CNY 413,647,252.30 in 2020[18]. - The basic earnings per share for 2021 was -CNY 0.5595, a decline of 41.22% from -CNY 0.3962 in 2020[18]. - The weighted average return on equity was -50.09%, compared to -25.09% in the previous year[18]. - The company reported a significant decrease in net profit due to ongoing operational challenges and market conditions[6]. - The company reported a net profit attributable to shareholders of CNY 9.51 million in Q4 2021, compared to a loss of CNY 98.14 million in Q4 2020[48]. - The company reported a net loss of 283.62 million yuan, with no cash dividends proposed for the year[128][129]. Revenue and Market Performance - The company's total revenue for Q4 2021 reached ¥154,588,146.07, showing a significant increase compared to previous quarters[21]. - The information technology service revenue in China grew by 20.0% in 2021, outpacing the overall industry growth rate by 2.3 percentage points[29]. - The company's total revenue for 2021 was CNY 316,854,130.91, representing a 25.69% increase compared to CNY 252,089,287.48 in 2020[47]. - The information technology services sector accounted for 86.53% of total revenue, with a revenue of CNY 274,169,600.11, down 4.18% from the previous year[47]. - The revenue from the South China region was CNY 189,761,568.22, accounting for 59.89% of total revenue, but decreased by 11.96% year-on-year[47]. Operational Challenges and Strategies - The company did not distribute any cash dividends or bonus shares for the year[6]. - The management discussed potential risks and strategies for future development in the report[6]. - The company is actively adjusting its business model to reduce heavy capital and slow turnover in new park construction, shifting towards lighter capital and faster turnover businesses[44]. - The company aims to optimize its business structure by focusing on projects with shorter payment cycles and reducing government-related projects[79]. - The company faces risks related to long payment cycles from government clients, which can strain cash flow and impact profits[82]. Research and Development - The company has accumulated 55 valid patent applications, with 51 granted, including 28 invention patents, 21 utility models, and 2 design patents[43]. - The company focuses on software technology outsourcing services, with significant advancements in technology research in areas such as big data, cloud computing, RPA, low-code, and artificial intelligence[35]. - The company completed major R&D projects including a comprehensive customer credit assessment management system and a digital SAAS application management system[59]. - The company aims to reduce operational costs and improve risk control through the completion of the big data access management system[59]. - In 2021, the company's R&D investment amounted to ¥12,522,513.98, representing 3.95% of operating revenue, a decrease from 9.32% in 2020[61]. Governance and Management - The company has established a complete and independent business system, ensuring operational autonomy from the controlling shareholder[92]. - The board of directors consists of 6 members, including 2 independent directors, meeting legal and regulatory requirements[88]. - The company has implemented a transparent performance evaluation and incentive mechanism for senior management[89]. - The company has established a strategic committee, audit committee, nomination committee, and compensation committee to enhance governance[88]. - The company emphasizes its commitment to corporate governance with a structured board and management team[101]. Shareholder Relations and Capital Management - The company has a total of 16,912 shareholders as of the end of the reporting period[198]. - The largest shareholder, Beijing Ance Hengxing Investment Co., Ltd., holds 14.51% of the shares, totaling 47,328,285 shares, which are currently pledged[199]. - The company is actively managing its shareholder relationships and ensuring compliance with regulatory requirements regarding shareholding disclosures[200]. - The company has proposed to issue stock to specific targets as part of its capital management strategy[114]. - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to 1,000,000 CNY[110]. Employee Management and Development - The total number of employees at the end of the reporting period was 929, with 56 in the parent company and 807 in major subsidiaries[123]. - Employee compensation accounted for 35.66% of the total operating costs, amounting to 93.39 million yuan[126]. - The company has established a comprehensive training system to enhance employee skills and management capabilities[127]. - The number of R&D personnel increased to 88 in 2021, up by 2.33% from 86 in 2020, but the proportion of R&D personnel to total staff decreased to 9.47% from 12.19%[61]. - Employee benefits include comprehensive social insurance and additional paid leave, promoting a supportive work environment[150]. Compliance and Risk Management - The company has established a risk prevention system for insider trading and has implemented training for executives to enhance their understanding of insider trading regulations[149]. - The company has not encountered any objections from the board of directors regarding company matters during the reporting period[118]. - The company reported no significant internal control deficiencies during the reporting period[140]. - The company has conducted compliance training for management and staff to enhance governance and risk awareness[139]. - The company strictly adheres to information disclosure regulations, ensuring timely and accurate communication with investors[90].

Financial Performance - The company's operating revenue for 2021 was ¥316,854,130.91, representing a 25.69% increase compared to ¥252,089,287.48 in 2020[18]. - The net profit attributable to shareholders was -¥171,619,605.14, a decline of 44.29% from -¥118,944,865.73 in the previous year[18]. - The net cash flow from operating activities decreased by 75.29%, amounting to ¥9,601,716.59 compared to ¥38,856,984.07 in 2020[18]. - The total assets at the end of 2021 were ¥745,026,244.58, down 6.18% from ¥794,088,221.95 at the end of 2020[18]. - The net assets attributable to shareholders decreased by 38.33%, totaling ¥255,101,577.92 compared to ¥413,647,252.30 in 2020[18]. - The basic earnings per share were -¥0.5595, a decrease of 41.22% from -¥0.3962 in the previous year[18]. - The weighted average return on net assets was -50.09%, down from -25.09% in 2020[18]. - The company reported a significant decline in net profit, indicating ongoing operational challenges and uncertainties regarding its ability to continue as a going concern[18]. - The company reported a net loss attributable to shareholders of CNY -98,136,690.00 for Q4 2021, compared to a loss of CNY -78,805,520.00 in Q4 2020[48]. - The company reported a net loss of 283,617,370.64 CNY, with no cash dividends proposed for the year[128]. Revenue and Growth - The company's total revenue for Q4 2021 was approximately ¥154.59 million, showing a significant increase compared to previous quarters[21]. - The information technology service revenue in China grew by 20.0% in 2021, outpacing the overall industry growth rate by 2.3 percentage points[29]. - The expected compound annual growth rate for the Chinese information technology outsourcing service market from 2021 to 2026 is approximately 13.4%[29]. - The company's total revenue for 2021 was CNY 316,854,130.91, representing a year-over-year increase of 25.69% compared to CNY 252,089,287.48 in 2020[47]. - The information technology services sector accounted for 86.53% of total revenue, with a revenue of CNY 274,169,600.11, down 4.18% from CNY 228,681,296.86 in the previous year[47]. Operational Challenges - The company did not distribute any cash dividends or bonus shares for the year[6]. - The company reported a non-operating loss of approximately ¥3.93 million due to ineffective hedging activities[25]. - The company is facing risks related to long project cycles and high accounts receivable, particularly in smart city projects with repayment periods of 1 to 3 years[82]. - The company is committed to improving its project management capabilities to handle complex projects effectively and mitigate associated risks[83]. Research and Development - The company has accumulated 55 valid patent applications, with 51 granted, including 28 invention patents, 21 utility models, and 2 design patents, as of December 31, 2021[43]. - The company focuses on software technology outsourcing services, with significant advancements in technology research in areas such as big data, cloud computing, RPA, low-code, and artificial intelligence[35]. - The company’s R&D expenses decreased by 25.04% to CNY 10,446,087.47 in 2021 from CNY 13,936,257.60 in 2020, reflecting a strategic shift in resource allocation[57]. - The company completed major R&D projects including a big data access management system and a customer credit assessment management system, aimed at reducing operational costs and enhancing business structure[58]. - The company has developed a digital SAAS application management system to enhance data processing and real-time market data distribution capabilities[59]. Strategic Initiatives - The company plans to enhance its service capabilities in the financial sector and expand its presence in the Yangtze River Economic Zone and the Guangdong-Hong Kong-Macao Greater Bay Area[33]. - The company aims to strengthen its delivery system and service quality to become a trusted service provider for existing clients[33]. - The company is actively adjusting its business development direction, reducing the expansion of capital-intensive and slow-turnover park construction projects, and gradually starting to layout light-capital and fast-turnover businesses[44]. - The company is enhancing management efficiency through organizational optimization and employee incentive programs, including stock options and employee stock ownership plans[80]. Governance and Management - The company has established a governance structure that complies with legal requirements and ensures independent operation from its controlling shareholder[86]. - The board of directors consists of 6 members, including 2 independent directors, ensuring a diverse skill set and compliance with regulations[87]. - The company has a complete and independent financial institution, with a robust accounting system and financial management policies in place[91]. - The company has implemented a stock incentive plan for 2021, which was approved during the shareholder meetings[93][94]. - The company has established a clear management system for the general manager, ensuring compliance with board resolutions and management regulations[89]. Employee and Compensation - The total number of employees at the end of the reporting period was 929, with 56 in the parent company and 807 in major subsidiaries[122]. - Employee compensation accounted for 9,339.11 million CNY, representing 35.66% of the total operating costs[125]. - The company has implemented a stock incentive plan, approved by the board and shareholders, to enhance employee motivation and retention[129]. - The professional composition of employees includes 88 technical personnel, accounting for approximately 9.47% of the total workforce[122]. - The company has a strong focus on human resources, with a dedicated HR manager overseeing employee-related matters[103]. Risk Management - The company has established a risk prevention system for insider trading, ensuring compliance with relevant laws and regulations[148]. - The company has strengthened internal control systems and auditing supervision to enhance risk management and compliance[137]. - There were no significant internal control deficiencies reported during the reporting period[139]. - The company emphasizes the importance of internal control in improving management and enhancing risk prevention for sustainable development[138]. Shareholder Information - The largest shareholder, Beijing Ance Hengxing Investment Co., Ltd., holds 14.51% of the shares, totaling 47,328,285 shares, which are currently pledged[198]. - The company has a total of 16,912 shareholders at the end of the reporting period[198]. - The shareholder structure indicates a mix of natural persons and corporate entities, with some shareholders having pledged or frozen shares[198]. - The company did not engage in any repurchase transactions among the top ten shareholders during the reporting period[200].

Financial Performance - The company's revenue for Q1 2022 was ¥104,979,496.54, representing a 106.28% increase compared to ¥50,891,058.29 in the same period last year[3] - The net profit attributable to shareholders was -¥37,763,221.20, a decline of 110.51% from -¥17,938,985.83 year-on-year[3] - The total operating revenue for the first quarter was 176,074,684.38 CNY, up from 51,168,978.89 CNY in the same period last year, indicating a growth of approximately 244%[22] - The operating profit was -38,764,454.57 CNY, worsening from -20,673,644.15 CNY year-on-year[18] - The company reported a net loss of RMB 420,197,405.44 for the first quarter, compared to a loss of RMB 382,434,184.24 in the previous year[15] - The total comprehensive income for the period was -38,450,394.39 CNY, compared to -19,215,545.05 CNY in the previous year[19] Cash Flow and Liquidity - The net cash flow from operating activities was -¥23,494,043.73, which is a 52.92% increase in cash outflow compared to -¥15,363,437.27 in the previous year[3] - The cash and cash equivalents decreased by 42.48% to ¥39,695,212.63 from ¥69,006,159.04 at the beginning of the period[5] - The cash flow from operating activities showed a net outflow of -23,494,043.73 CNY, compared to -15,363,437.27 CNY in the previous year[22] - The cash and cash equivalents at the end of the period were 38,239,108.39 CNY, down from 44,975,958.95 CNY at the end of the previous year[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥756,880,088.75, showing a 1.59% increase from ¥745,026,244.58 at the end of the previous year[3] - The total liabilities increased to RMB 463,002,805.47 from RMB 426,892,685.94, marking an increase of about 8.4%[15] - Accounts receivable decreased to RMB 310,173,974.52 from RMB 322,442,810.57, showing a reduction of about 3.8%[13] Shareholder Equity - The equity attributable to shareholders decreased by 9.33% to ¥231,307,475.76 from ¥255,101,577.92 at the end of the previous year[3] - The total equity attributable to shareholders decreased to RMB 231,307,475.76 from RMB 255,101,577.92, reflecting a decline of approximately 9.3%[15] - Basic and diluted earnings per share were both -0.1158 CNY, worsening from -0.0597 CNY in the previous period[19] Expenses - Research and development expenses decreased by 74.86% to ¥1,907,205.81 compared to ¥7,586,186.93 in the previous year[5] - The company reported a significant increase in management expenses by 159.53% to ¥32,448,631.76, primarily due to increased equity incentive costs and management expenses[5] - The total operating costs for the first quarter of 2022 amounted to RMB 131,649,299.76, up from RMB 63,897,752.71 in the previous year[17] - The company incurred a financial expense of 1,362,926.10 CNY, down from 2,067,825.90 CNY, indicating a decrease of approximately 34%[18] Strategic Focus - The company is focusing on expanding its market presence and developing new technologies, although specific details were not disclosed in the report[12] - The company has a total of 6,060,000 shares under equity incentive lock-up, which will be released annually at a certain percentage[10]

Financial Performance - The company's operating revenue for Q3 2021 was ¥58,722,937.14, representing an increase of 18.01% compared to the same period last year[3]. - Total operating revenue for Q3 2021 was ¥162,265,984.84, a decrease of 1.0% from ¥165,265,002.56 in the same period last year[20]. - The net profit attributable to shareholders was -¥15,648,308.53, a decrease of 1.66% year-on-year, while the net profit after deducting non-recurring gains and losses was -¥15,697,096.50, down 7.14%[3]. - Net loss for the period was ¥72,604,227.65, compared to a net loss of ¥38,136,286.20 in the previous year, reflecting a significant decline[22]. - Basic and diluted earnings per share were both -¥0.23, compared to -¥0.13 in the previous year[23]. Cash Flow - The net cash flow from operating activities was ¥6,313,794.19, showing a significant increase of 165.10% compared to the same period last year[9]. - Cash flow from operating activities was ¥214,134,968.41, down 43.4% from ¥377,813,323.53 in the previous year[24]. - The total cash inflow from investment activities was 456,146.10, while cash outflow was 9,523,951.04, resulting in a net cash flow of -9,067,804.94[26]. - The cash inflow from financing activities amounted to 101,777,200.00, with cash outflow of 85,998,139.38, leading to a net cash flow of 15,779,060.62[26]. - The ending balance of cash and cash equivalents was 82,649,682.55, compared to 96,234,780.54 in the previous year[27]. Assets and Liabilities - Total assets at the end of the reporting period were ¥773,337,562.96, a decrease of 2.61% from the end of the previous year[3]. - The company's total liabilities reached ¥374,890,845.89, an increase of 16.9% from ¥320,803,854.44 year-on-year[20]. - The total equity attributable to shareholders decreased to ¥340,160,463.28 from ¥413,647,252.30, marking a decline of 17.7%[20]. - The company's non-current assets totaled CNY 192,344,464.55, down from CNY 237,985,355.33[18]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,702[10]. - The company plans to unlock 25,990,000 shares of restricted stock as part of its equity incentive plan by September 30, 2023[15]. - The company reported a total of 7,260,000 shares of restricted stock for other shareholders, set to unlock by September 30, 2023[15]. - The company has a significant focus on equity incentives, with multiple shareholders set to unlock shares in the coming years[15]. Expenses - Total operating costs increased to ¥207,096,837.70, up 4.0% from ¥198,571,546.92 year-on-year[20]. - Research and development expenses were ¥16,950,195.17, a decrease of 22.4% compared to ¥21,770,908.91 in the same period last year[20]. - The company paid 109,555,667.09 in cash to employees, an increase from 99,452,740.14 in the previous year[26]. - The cash paid for dividends and interest was 11,677,339.38, compared to 12,547,770.99 in the previous year[26]. Other Financial Metrics - The company's basic earnings per share were -¥0.0483, reflecting a 5.87% improvement compared to the previous quarter[3]. - The weighted average return on net assets was -3.86%, a decrease of 0.79% from the previous quarter[3]. - The company experienced a 139.69% increase in credit impairment losses, totaling -¥23,151,269.71, attributed to increased bad debt provisions[9]. - The company recorded goodwill of ¥7,556,085.05, a 30.81% increase due to the acquisition of a subsidiary during the reporting period[8]. - Other comprehensive income after tax attributable to shareholders was -¥3,883.39, compared to -¥170,002.45 in the previous year[23]. Inventory and Receivables - Accounts receivable increased to CNY 258,574,191.19 from CNY 252,751,642.08[18]. - Inventory rose to CNY 63,443,630.29, up from CNY 54,976,000.34[18]. - The company's total current liabilities decreased from CNY 113,730,000.00 to CNY 85,010,200.00[18]. - Long-term equity investments increased to CNY 30,959,467.27 from CNY 26,348,685.59[18]. Audit Status - The report for the third quarter was not audited[28].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥103,543,047.70, a decrease of 10.36% compared to ¥115,503,957.28 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was -¥57,834,597.10, representing a decline of 133.71% from -¥24,746,594.41 in the previous year[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥48,553,251.41, a decrease of 72.97% compared to -¥28,070,332.04 in the same period last year[21]. - The basic earnings per share were -¥0.1926, a decline of 133.74% compared to -¥0.0824 in the same period last year[21]. - The diluted earnings per share were also -¥0.1926, reflecting the same percentage decline as the basic earnings per share[21]. - The weighted average return on net assets was -15.03%, a decrease of 10.28% from -4.75% in the previous year[21]. - The net cash flow from operating activities was ¥3,231,351.84, a significant improvement of 106.19% from -¥52,204,381.62 in the previous year[21]. - The company reported a total comprehensive loss of CNY 58,709,494.61 for the first half of 2021, compared to a loss of CNY 23,614,335.48 in the first half of 2020[135]. - The company’s total profit for the first half of 2021 was CNY -61,111,635.91, compared to CNY -25,391,805.49 in the same period last year[134]. - The company experienced a significant increase in credit impairment losses, which rose to CNY -18,837,977.43 from CNY -8,877,036.37 year-over-year[134]. Assets and Liabilities - Total assets at the end of the reporting period were ¥726,067,331.11, down 8.57% from ¥794,088,221.95 at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company decreased by 13.99% to ¥355,780,854.01 from ¥413,647,252.30 at the end of the previous year[21]. - The company's cash and cash equivalents decreased by 70.06% to ¥-20,872,273.03 from ¥-69,702,501.16 year-on-year[45]. - The total liabilities decreased from CNY 320,803,854.44 to CNY 312,992,458.21, a decline of approximately 2.5%[126]. - The total owner's equity decreased from CNY 473,284,367.51 to CNY 413,074,872.90, a decrease of approximately 12.7%[127]. - The company's retained earnings showed a negative balance, increasing from CNY -210,814,579.10 to CNY -268,649,176.20, indicating a worsening financial position[127]. Business Strategy and Market Position - The company has developed into a comprehensive service provider for smart urbanization, focusing on industry and park services[29]. - The company is shifting its business model towards light capital and fast turnover operations, moving away from heavy capital-intensive projects[37]. - The company plans to gradually divest from capital-intensive smart city engineering projects while focusing on operational business models[37]. - The integration of advanced technologies such as AI, Blockchain, and IoT is central to the company's strategy for developing sub-platforms that enhance overall service delivery[40]. - The company aims to expand market share and enhance operational management capabilities in response to increasing competition in the industry[61]. Research and Development - Research and development investment dropped significantly by 46.85% to ¥11,705,430.91 from ¥22,021,729.14 in the previous year[45]. - Research and development expenses decreased to CNY 11,352,774.67 from CNY 15,991,842.58, indicating a reduction of approximately 29.4%[132]. Investor Relations and Corporate Governance - The company has received over 80 investor inquiries during the reporting period, demonstrating active investor relations[76]. - The company has implemented a stock incentive plan approved by the board on June 25, 2021[71]. - The company has conducted four cash dividend distributions since its listing, totaling 68.2768 million CNY[77]. - The company maintains a transparent procurement system to protect supplier rights and foster mutual development[80]. - The company emphasizes risk management in project implementation, enhancing overall planning and management capabilities[64]. Financial Reporting and Compliance - The semi-annual financial report was not audited[86]. - The financial report for the first half of 2021 was not audited[122]. - The company has maintained its previous accounting policies without any changes reported for the current period[147]. - The financial statements are prepared based on the assumption of going concern, with no significant doubts regarding the company's ability to continue operations for the next 12 months[175]. Legal and Regulatory Matters - There is a significant ongoing litigation involving a contract dispute with Heilongjiang Construction Group, with an amount in dispute of 43.74 million yuan[89]. - The company reported no major related transactions during the reporting period[90]. - There were no violations regarding external guarantees during the reporting period[85]. Shareholder Information - The total number of shares remains at 300,240,000, with no changes reported[108]. - The largest shareholder, Beijing Ance Hengxing Investment Co., Ltd., held 35.84% of the shares, totaling 107,604,298 shares[111]. - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period[112].

Financial Performance - The company's operating revenue for 2020 was ¥252,089,287.48, a decrease of 52.01% compared to ¥525,263,967.18 in 2019[16] - The net profit attributable to shareholders was a loss of ¥118,944,865.73, representing a decline of 767.69% from a profit of ¥17,814,310.25 in the previous year[16] - The net cash flow from operating activities was ¥38,856,984.07, down 69.52% from ¥127,489,478.53 in 2019[16] - The basic earnings per share were -¥0.3962, a decrease of 768.13% compared to ¥0.0593 in 2019[16] - Total assets at the end of 2020 were ¥794,088,221.95, a reduction of 24.13% from ¥1,046,684,051.06 at the end of 2019[16] - The net assets attributable to shareholders decreased by 22.50% to ¥413,647,252.30 from ¥533,712,503.23 in 2019[16] - The company reported a significant decline in net profit excluding non-recurring gains and losses, with a loss of ¥116,169,500.06 compared to a profit of ¥5,457,524.41 in 2019, a drop of 2,228.61%[16] - The weighted average return on net assets was -25.09%, down 28.48% from 3.39% in the previous year[16] - The company reported a net profit of -197,976,174.81 yuan for the year, indicating a loss[75] - The company reported a net profit attributable to ordinary shareholders of -118,944,865.7 yuan for 2020, compared to a profit of 17,814,310.25 yuan in 2019[80] Revenue and Sales - The company's total revenue for Q4 was 86,824,284.92, showing a significant increase compared to Q1's revenue of 50,742,403.48[18] - Revenue from the communications sector was ¥228,681,296.86, accounting for 90.71% of total revenue, with a year-on-year increase of 27.00%[45] - The company’s labor service revenue was ¥12,416,992.80, representing 4.93% of total revenue, down 26.22% year-on-year[45] - Total sales from the top five customers amounted to ¥125,370,337.33, representing 49.73% of the annual total sales[52] - The top five suppliers accounted for a total procurement amount of ¥92,247,085.20, which is 57.65% of the annual total procurement[53] Cash Flow and Assets - Operating cash inflow totaled ¥484,903,921.10, a decrease of 31.16% compared to ¥704,389,152.86 in 2019[57] - The net cash flow from operating activities was ¥38,856,984.07, down 69.52% from ¥127,489,478.53 in the previous year[57] - The company reported a net decrease in cash and cash equivalents of ¥72,752,021.52, a decline of 189.65% compared to an increase of ¥81,149,202.34 in 2019[57] - The total amount of restricted cash at the end of the reporting period was ¥5,897,796.90, down from ¥20,191,873.09 at the end of the previous year[62] - The company's long-term equity investments increased to ¥26,348,685.59, representing 3.32% of total assets, up from 2.23% at the beginning of the year[59] Research and Development - Research and development expenses for the year were ¥23,491,585.71, accounting for 9.32% of operating revenue, a significant increase from 2.99% in the previous year[55] - The number of R&D personnel decreased to 507, representing 71.91% of the total workforce[55] - The company has accumulated 55 valid patent applications, with 51 granted, including 28 invention patents[38] Strategic Focus and Market Position - The company focuses on smart city solutions, particularly in smart video and IoT sectors, leveraging its expertise in video processing and analysis technologies[26] - The smart city market in China is projected to reach 25 trillion yuan by 2022, with an annual growth rate of approximately 33.38% from 2018 to 2022[32] - The company aims to provide comprehensive IT services, including software development and consulting, to enhance digital transformation for clients[31] - The company is actively involved in the construction of smart parks, offering full-service support for local government industrial upgrades[28] - The company aims to expand its market share by leveraging its customer resource and brand advantages in the smart city sector[37] Governance and Compliance - The company has not reported any significant discrepancies between financial data under international and Chinese accounting standards during the reporting period[19] - The company has established a risk prevention system for insider trading and has implemented strict confidentiality measures[113] - The company has maintained compliance with legal regulations to protect employee rights and benefits[114] - The company has not engaged in any related party transactions during the reporting period[97] - The company strictly adheres to information disclosure regulations, ensuring timely and accurate information dissemination[158] Shareholder Structure - The total number of ordinary shareholders at the end of the reporting period was 18,901[126] - The largest shareholder, Beijing Ance Hengxing Investment Co., Ltd., holds 35.84% of the shares, totaling 107,604,298 shares[127] - The total number of shares outstanding is 300,240,000, with 100% being unrestricted shares[124] - The company has not issued any new shares or conducted any capital increases during the reporting period[125] - The controlling shareholder of the company is Beijing Ance Hengxing Investment Co., Ltd., established on August 28, 2000, with a primary business in investment management[129] Management and Employee Relations - The company has established a comprehensive employee welfare system, providing various social insurances and paid leave benefits[115] - The company has implemented a performance appraisal mechanism to enhance employee motivation during the reporting period[151] - The company has established a comprehensive training system to improve employee skills and overall management level[152] - The board of directors consists of 6 members, including 2 independent directors, ensuring compliance with legal requirements[156] Audit and Internal Controls - The audit report indicated a significant uncertainty regarding the company's ability to continue as a going concern[4] - The company received a qualified audit report from Asia-Pacific Accounting Firm and will take effective measures to eliminate the impact of the reserved matters[90] - The company reported zero significant defects in both financial and non-financial internal controls during the evaluation period[175] - The company has maintained effective internal controls related to financial reporting as of December 31, 2020[176]

Financial Performance - The company's operating revenue for 2020 was ¥252,089,287.48, a decrease of 52.01% compared to ¥525,263,967.18 in 2019[16] - The net profit attributable to shareholders was a loss of ¥118,944,865.73, representing a decline of 767.69% from a profit of ¥17,814,310.25 in the previous year[16] - The net cash flow from operating activities decreased by 69.52% to ¥38,856,984.07, down from ¥127,489,478.53 in 2019[16] - The basic earnings per share were -¥0.3962, a drop of 768.13% compared to ¥0.0593 in 2019[16] - Total assets at the end of 2020 were ¥794,088,221.95, a decrease of 24.13% from ¥1,046,684,051.06 at the end of 2019[16] - The net assets attributable to shareholders decreased by 22.50% to ¥413,647,252.30 from ¥533,712,503.23 in 2019[16] - The company reported a significant decline in net profit after deducting non-recurring gains and losses, indicating ongoing financial challenges[16] - The company has faced a continuous operating capability uncertainty as noted in the audit report[16] - The company reported total revenue of CNY 252,089,287.48, a decrease of 52.01% compared to the previous period[41] - The company's operating profit was CNY -128,693,559.17, and the net profit attributable to the parent company was CNY -118,944,865.73[41] - The company reported a net profit of -197,976,174.81 yuan for the year, indicating a loss[75] Cash Flow and Assets - The net cash flow from operating activities dropped by 69.52% to ¥38,856,984.07[57] - The total cash and cash equivalents decreased by 189.65% to -¥72,752,021.52[57] - Operating cash inflow decreased by 31.16% to ¥484,903,921.10 compared to the previous year[57] - The company's cash flow from investment activities showed a net outflow of ¥49,338,466.91, a significant decline compared to the previous year[57] - The company's monetary funds at the end of the year were ¥75,523,752.26, down from ¥162,569,849.97 at the beginning of the year[59] - Cash and cash equivalents dropped from ¥162,569,849.97 in 2019 to ¥75,523,752.26 in 2020, a decrease of about 54%[192] - The company’s total assets decreased from ¥1,046,684,051.06 in 2019 to ¥794,088,221.95 in 2020, reflecting a decline of about 24%[193] - Total current assets decreased from ¥761,965,753.19 in 2019 to ¥556,102,866.62 in 2020, representing a decline of approximately 27%[192][193] Revenue Sources and Market Focus - Revenue from the communications sector was CNY 228,681,296.86, accounting for 90.71% of total revenue, with a year-on-year increase of 27.00%[45] - The company focuses on smart city solutions, particularly in smart video and IoT, addressing urban pain points and challenges[26] - The company is expanding its services in the information technology sector, providing comprehensive IT services and solutions to clients[27] - The company aims to build smart parks, offering full-service support for local government industrial upgrades[28] - The company is focusing on urban and industry intelligence services, leveraging its accumulated video processing and analysis technologies[41] - The company aims to expand its market share by leveraging its customer resource advantages and brand recognition in the smart city sector[37] Research and Development - Research and development expenses amounted to ¥23,491,585.71, which is 9.32% of the operating revenue[55] - The number of R&D personnel was 507, accounting for 71.91% of the total workforce[55] - The company has accumulated 55 valid patents, with 51 granted, including 28 invention patents and 21 utility model patents[38] - The company is investing 100 million RMB in R&D for new technologies aimed at enhancing user experience and operational efficiency[147] Corporate Governance and Compliance - The company has not engaged in any significant asset or equity sales during the reporting period[64] - The company has not engaged in any related party transactions during the reporting period[97][98][99][100][101] - The company has established a risk prevention system for insider trading and has implemented training for directors and executives to enhance their understanding of insider trading regulations[113] - The company has maintained a transparent procurement system to protect supplier rights and foster mutual development[117] - The company has not been classified as a key pollutant discharge unit by environmental protection authorities[119] - The company has not reported any significant changes in shareholding by directors, supervisors, or senior management during the reporting period[138] Strategic Plans and Future Outlook - The company plans to focus on improving its core business revenue and addressing operational challenges in the upcoming year[16] - The company plans to optimize its business structure by focusing on projects with shorter payment cycles and reducing government-related projects[71] - The company aims to enhance management efficiency through organizational optimization and employee incentive programs[71] - The company will focus on strategic mergers and acquisitions to expand its business scale and improve its information technology service business proportion[71] - The company expects a revenue growth guidance of 20% for the next fiscal year, projecting revenues to reach approximately 1.44 billion RMB[147] Shareholder Information - The total number of shares is 300,240,000, with 100% being unrestricted shares[124] - The largest shareholder, Beijing Ance Hengxing Investment Co., Ltd., holds 35.84% of the shares, totaling 107,604,298 shares[126] - The company has 18,901 shareholders at the end of the reporting period[126] - The shareholder structure remains stable with no new major shareholders entering the top 10 list[127] - The company has distributed cash dividends totaling 68.2768 million yuan since its IPO, ensuring stable returns for shareholders[112] Audit and Financial Reporting - The company received a qualified audit report from Asia-Pacific Accounting Firm and will take effective measures to eliminate the impact of the reserved matters to ensure stable and healthy development[90] - The audit report issued by Asia Pacific (Group) CPA firm included a reserved opinion due to uncertainties regarding the recoverability of certain receivables[180] - The internal control audit report confirmed that the company maintained effective internal controls related to financial reporting as of December 31, 2020[176] - The company reported zero significant defects in both financial and non-financial reports during the evaluation period[175]

Financial Performance - The company's operating revenue for Q1 2021 was ¥50,891,058.29, representing a slight increase of 0.29% compared to ¥50,742,403.48 in the same period last year[8]. - The net profit attributable to shareholders was a loss of ¥17,938,985.83, which is a decline of 5.89% from a loss of ¥16,941,442.41 in the previous year[8]. - The basic and diluted earnings per share were both -¥0.0597, reflecting a decrease of 5.85% from -¥0.0564 in the previous year[8]. - The net profit for the period was -¥17,938,985.84, representing a year-on-year decrease of 5.89%[16]. - The net loss for Q1 2021 was CNY 19,215,545.05, compared to a net loss of CNY 16,371,192.32 in the same period last year[39]. - The net profit for the current period is a loss of CNY 9,146,707.82, an improvement from a loss of CNY 11,837,563.51 in the previous period[44]. - The total comprehensive income for the current period is a loss of CNY 9,215,545.05, compared to a loss of CNY 16,283,087.97 in the previous period[43]. Cash Flow and Liquidity - The net cash flow from operating activities improved significantly, with a net outflow of ¥15,363,437.27, a 77.03% improvement from a net outflow of ¥66,873,120.36 in the same period last year[8]. - Cash and cash equivalents decreased by 37.65% to ¥47,091,847.35 due to operational expenditures and debt reduction[15]. - The total cash and cash equivalents at the end of the period is CNY 44,975,958.95, down from CNY 54,851,581.29 in the previous period[48]. - The net cash flow from operating activities for the current period is ¥11,605,199.45, a significant increase from ¥3,846,189.47 in the previous period, reflecting improved operational efficiency[49]. - Total cash inflow from operating activities decreased to ¥30,300,763.25 from ¥100,437,839.78, indicating a decline in sales and other operational cash receipts[49]. - The ending cash and cash equivalents balance decreased to ¥86,677.69 from ¥738,664.14, indicating a tighter liquidity position[51]. Assets and Liabilities - Total assets at the end of the reporting period were ¥763,974,042.04, down 3.79% from ¥794,088,221.95 at the end of the previous year[8]. - The company's total assets amounted to CNY 763,974,042.04, a decrease from CNY 794,088,221.95 at the end of 2020, reflecting a decline of approximately 3.9%[29]. - The company's cash and cash equivalents decreased to CNY 47,091,847.35 from CNY 75,523,752.26, representing a decline of about 37.8%[29]. - The company's total current liabilities decreased to CNY 310,676,004.63 from CNY 320,087,950.65, a reduction of about 2.6%[31]. - The total liabilities of the company decreased to CNY 311,391,908.42 from CNY 320,803,854.44, reflecting a decline of approximately 2.5%[31]. - The company's equity attributable to shareholders decreased from CNY 409,389,121.31 to CNY 400,242,413.49[35]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,065[11]. - The largest shareholder, Beijing Ance Hengxing Investment Co., Ltd., held 35.84% of the shares, amounting to 107,604,298 shares, which are currently pledged[11]. - There were no significant changes in the shareholding structure or any repurchase agreements among the top shareholders during the reporting period[12]. Operational Efficiency and Management - The company aims to enhance its operational management capabilities and expand market share to effectively respond to increasing competition in the industry[17]. - The company is currently focusing on improving cash flow management and operational efficiency to enhance overall financial health[49]. - The company is shifting focus towards lighter capital and faster turnover businesses, although this transition has not yet yielded significant results[16]. Expenses - Sales expenses increased by 36.62% to ¥3,232,520.60, primarily due to rising labor costs and marketing expenses[15]. - Management expenses rose by 34.02% to ¥12,502,880.26, attributed to increased labor and housing-related costs[15]. - Financial expenses decreased by 42.33% to ¥2,067,825.90, resulting from a reduction in the company's loan scale[15]. - The company incurred research and development expenses of CNY 776,061.85, compared to CNY 863,060.99 in the previous period[42]. - The financial expenses for the current period are CNY 2,722,126.99, a decrease from CNY 3,990,072.10 in the previous period[42]. Government Support - The company received government subsidies amounting to ¥20,823.54 during the reporting period[9]. Compliance and Governance - The company reported no violations regarding external guarantees during the reporting period[22]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[23]. - The company did not engage in any research, communication, or interview activities during the reporting period[24]. - The first quarter report was not audited, which may affect the reliability of the financial data presented[54].

Financial Performance - Operating revenue fell by 48.73% to ¥49,761,045.28 for the current period, and by 48.87% to ¥165,265,002.56 year-to-date[7] - Net profit attributable to shareholders was a loss of ¥15,392,746.63, representing a decrease of 1,796.18% compared to the same period last year[7] - Basic earnings per share decreased by 1,810.00% to -¥0.0513 for the current period[7] - The company expects a cumulative net profit loss for the year, mainly due to halted project implementations in Xinjiang caused by COVID-19 restrictions[19] - The net loss for the period was CNY 12,352,792.17, reflecting a significant increase in losses compared to the previous period[34] - The company's net profit for Q3 2020 was -38,136,286.20 CNY, a significant decline compared to a net profit of 7,023,004.85 CNY in Q3 2019, representing a year-over-year decrease of approximately 644%[43] - The total profit for Q3 2020 was a loss of CNY 14,173,779.36, compared to a profit of CNY 6,354,352.28 in the same period last year[35] Assets and Liabilities - Total assets decreased by 11.94% to ¥921,684,129.34 compared to the end of the previous year[7] - The company's total assets decreased to CNY 921,684,129.34 from CNY 1,046,684,051.06, reflecting a significant reduction in both current and non-current assets[27] - Current liabilities totaled CNY 500,503,096.05, down from CNY 575,069,823.82 in the previous period[31] - The total liabilities to assets ratio stands at approximately 43.6%[59] - The company has long-term receivables of CNY 169,490,565.18 and long-term equity investments of CNY 23,370,912.56[57] Cash Flow - Net cash flow from operating activities decreased by 47.76% to ¥42,506,308.54 for the current period[7] - The company reported a net cash flow from operating activities of CNY -9,698,073.08, a decrease of 120.70% compared to the previous year, attributed to reduced sales receipts[15] - The net cash flow from operating activities for Q3 2020 was -9,698,073.08 CNY, a significant decrease compared to 46,855,413.59 CNY in Q3 2019[50] - Cash outflow from operating activities totaled 387,511,396.61 CNY, compared to 443,675,950.56 CNY in the previous year[50] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,341[11] - The largest shareholder, Beijing Ance Hengxing Investment Co., Ltd., holds 35.84% of the shares, totaling 107,604,298 shares[11] Operating Costs - Operating costs amounted to CNY 116,316,463.38, reflecting a decrease of 48.70% in line with the revenue decline[15] - The company's total operating costs for Q3 2020 were CNY 198,571,546.92, down from CNY 314,205,832.29 in the previous period[42] Research and Development - The company reported a significant increase in research and development expenses, totaling CNY 5,779,066.33 compared to CNY 9,169,452.75 in the previous period[34] - Research and development expenses for Q3 2020 were CNY 623,177.74, a decrease from CNY 869,399.18 in the previous year[38] Other Financial Metrics - The weighted average return on net assets was -0.78%, down from -0.95% in the previous period[7] - Non-recurring gains and losses totaled ¥2,582,060.62 for the current period[9] - The company reported a significant increase in other income, which rose by 2443.83% to CNY 3,882,117.16, primarily due to a reduction in payables through mediation[15] - The company reported a significant increase in management expenses, which rose to CNY 9,085,608.95 from CNY 4,632,321.40 in the previous year[38] Changes in Assets - Long-term receivables decreased by 41.59% to CNY 99,002,984.66, mainly due to significant customer repayments[15] - The company’s intangible assets increased by 70.70% to CNY 16,863,645.99, primarily due to the purchase of platform software[15] - The company’s prepaid expenses increased by 125.49% to CNY 97,772,523.81, primarily due to prepayments for property rights and project costs[15] Financial Standards and Reporting - The company has implemented the new revenue recognition standard starting January 1, 2020, affecting the reporting of contract liabilities[64] - The third quarter report for 2020 has not been audited[65]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥115,503,957.28, a decrease of 48.93% compared to ¥226,176,769.85 in the same period last year[17]. - The net profit attributable to shareholders was a loss of ¥24,746,594.41, representing a decline of 1,948.28% from a profit of ¥1,338,901.58 in the previous year[17]. - The net cash flow from operating activities was negative at ¥52,204,381.62, which is a 51.29% increase in cash outflow compared to ¥34,505,785.06 in the same period last year[17]. - The total assets at the end of the reporting period were ¥964,245,890.60, down 7.88% from ¥1,046,684,051.06 at the end of the previous year[17]. - The net assets attributable to shareholders decreased by 4.62% to ¥509,052,539.07 from ¥533,712,503.23 at the end of the previous year[17]. - The basic and diluted earnings per share were both negative at -¥0.0824, a decline of 1,931.11% from ¥0.0045 in the same period last year[17]. - The weighted average return on net assets was -4.75%, a decrease of 4.99% compared to 0.24% in the previous year[17]. - The company reported total revenue of ¥115,503,957.28 for the first half of 2020, a decrease of 48.93% compared to ¥226,176,769.85 in the same period last year, primarily due to the impact of the pandemic on business in Xinjiang[38]. - Operating profit for the period was -¥28,589,471.44, and the net profit attributable to the parent company was -¥24,746,594.41[38]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY -52,204,381.62, a decline of 51.29% compared to the previous period, primarily due to increased funding constraints[46]. - The net cash flow from investing activities increased by 70.73% to CNY 12,455,913.38, mainly due to the recovery of investment intention funds[46]. - The net cash flow from financing activities was CNY -29,957,398.11, a decrease of 51.21% compared to the previous period, attributed to increased short-term borrowings and decreased bank loans[46]. - The company's cash and cash equivalents decreased by 48.23% to CNY -69,702,501.16, mainly due to increased cash outflows[46]. - As of the end of the reporting period, cash and cash equivalents amounted to CNY 98,303,321.29, representing 10.19% of total assets, up from 2.49% in the same period last year[46]. Operational Risks - The company faces operational management risks, accounts receivable risks, and project management risks[4]. - The company faces significant accounts receivable risk due to long payment cycles of 1-3 years from local governments and industry users, impacting cash flow and current profits[62]. - The company has initiated legal proceedings against China Telecom's Shangrao branch for unpaid project equipment fees amounting to CNY 8,917,059.40, which is currently under court review[72]. - The company has reported a significant litigation case involving CNY 18,979,710.00, which is currently under arbitration and has not yet been adjudicated[75]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares[5]. - The total number of ordinary shareholders at the end of the reporting period was 18,318[108]. - The largest shareholder, Beijing Ance Hengxing Investment Co., Ltd., held 35.84% of the shares, amounting to 107,604,298 shares[108]. - The total equity attributable to the parent company at the end of the reporting period was 300.2 million yuan, with a decrease of 17.079 million yuan compared to the previous period[150]. Company Strategy and Future Outlook - The company aims to provide comprehensive services for urban and industry intelligence, focusing on IoT solutions for planning, design, construction, and operation[38]. - The company plans to continue expanding its market presence and invest in new product development to drive future growth[152]. - The company has set a performance guidance for the next quarter, aiming for a revenue increase of approximately 10% year-over-year[152]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its product offerings[152]. Research and Development - The company has accumulated 54 valid patents, including 27 invention patents, and 111 software copyrights as of June 30, 2020[35]. - The company is focusing on developing information systems and data empowerment services, gradually moving towards performance-based business cooperation[27]. - Research and development expenses for the first half of 2020 were CNY 15.99 million, a decrease of 10.73% compared to CNY 17.92 million in the same period of 2019[134]. Corporate Governance and Compliance - The financial report for the first half of 2020 was not audited[124]. - The financial statements were approved by the board of directors on August 28, 2020, indicating a commitment to transparency and governance[174]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that the financial reports reflect the true financial status and operational results[180]. - The company has evaluated its ability to continue as a going concern for the next 12 months and found no significant doubts regarding its operational viability[178].