证券代码：300231 证券简称：银信科技 公告编号：2022-038 北京银信长远科技股份有限公司 2022 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 北京银信长远科技股份有限公司 2022 年第三季度报告 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报 告中财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 □是 否 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 582,954,048.76 | 6.36% | 1,707,347,786.60 | -3.25% ...

Market Demand and Competition - The company reported a significant increase in market demand for IT infrastructure services, indicating a growing market opportunity [4]. - The company has established a strong brand presence in the IT infrastructure service sector, but faces increasing competition from new entrants and established players [4]. - The company faces increasing market competition, with new entrants potentially intensifying pressure on its market position [77]. - The company reported a significant increase in user demand for IT infrastructure services, reflecting a growing market opportunity [77]. Financial Performance - The company's operating revenue for the reporting period was ¥1,124,393,737.84, a decrease of 7.58% compared to the same period last year [28]. - Net profit attributable to shareholders was ¥90,516,137.50, down 5.10% year-on-year [28]. - The net profit after deducting non-recurring gains and losses was ¥88,557,254.08, a decrease of 4.34% compared to the same period last year [28]. - The company's revenue for the reporting period was ¥1,124,393,737.84, a decrease of 7.58% compared to ¥1,216,623,795.53 in the same period last year [46]. - The banking sector contributed ¥561,665,404.55 in revenue, a decrease of 34.94% year-on-year [50]. - The company reported a net profit of CNY 476,441,120.61 as of June 30, 2022, compared to CNY 469,702,012.99 at the beginning of the year, showing a slight increase [143]. - The company reported a total profit of CNY 106,640,305.03, down from CNY 112,703,911.16 in the previous year, reflecting a decrease of 5.0% [149]. - The company reported a net loss of CNY 83,777,029.88, indicating a significant financial challenge [186]. Investment and R&D - The company plans to continue investing in technology innovation to adapt to rapid advancements in the IT sector, which is crucial for maintaining competitive advantage [5]. - The company emphasizes the importance of retaining core R&D and management personnel to sustain its competitive edge in the market [7]. - The company plans to enhance its R&D efforts to improve service capabilities in response to increasing digital transformation demands from clients [38]. - Research and development investment increased significantly by 222.21% to ¥50,203,325.84, reflecting an increase in R&D projects [46]. - The company is actively pursuing new product development to meet evolving customer needs in the IT landscape [5]. - The company is focusing on digital transformation by building an intelligent digital middle platform to enhance operational capabilities [43]. - The company is exploring potential mergers and acquisitions to bolster its market position [172]. - New product development is underway, focusing on innovative technologies aimed at enhancing user experience [199]. - Research and development expenditures have increased by 15% to support new technology initiatives [199]. Cash Flow and Financial Health - The net cash flow from operating activities was -¥350,626,476.02, a decline of 162.41% compared to the previous year [28]. - Cash and cash equivalents decreased by 14.78% to 455,464,371.41, primarily due to payments of due debts and bank loan repayments [55]. - The cash flow from operating activities showed a significant decline, with a net outflow of ¥350,626,476.02, worsening by 162.41% compared to the previous year [46]. - The company reported a net decrease in cash and cash equivalents of -395,661,086.15 yuan in the first half of 2022, compared to -262,463,806.83 yuan in the same period of 2021, indicating worsening liquidity [157]. - Overall, the financial health of the company remains strong, with a solid cash flow position and low debt levels [199]. Shareholder and Equity Information - The company will not distribute cash dividends or issue bonus shares, focusing instead on reinvestment for growth [8]. - The company has not engaged in any derivative investments or entrusted loans during the reporting period [69][70]. - The total number of shares is 442,100,220, with 75,377,955 shares (17.05%) under limited sale conditions and 366,722,265 shares (82.95%) under unlimited sale conditions [116]. - The largest shareholder, Zhan Lixiong, holds 22.73% of the shares, totaling 100,473,520 shares, with 75,355,140 shares under limited sale conditions [118]. - The company has not reported any overdue or unrecovered amounts from entrusted financial management [68]. - The company has maintained its shareholder equity without any new capital injections or changes in ownership structure [195]. Strategic Focus and Future Outlook - The company is committed to enhancing its service offerings through intelligent operations (AIOps) to improve efficiency and customer satisfaction [20]. - The company has a robust strategy for market expansion, targeting government and enterprise clients for its IT services [4]. - Future guidance suggests a cautious but optimistic outlook for revenue growth in the upcoming quarters [173]. - The company aims to enhance its product offerings and improve user engagement through innovative solutions [174]. - Market expansion strategies are being implemented to penetrate new geographical regions, targeting a 20% increase in market share [199]. - The company has set a performance guidance of 10% revenue growth for the next fiscal year [199]. Compliance and Governance - The company emphasizes shareholder rights protection by ensuring timely and accurate information disclosure [89]. - The company has not faced any administrative penalties related to environmental issues during the reporting period [88]. - The company has implemented measures to comply with environmental laws and has not been classified as a key pollutant discharge unit [88]. - There were no significant lawsuits or arbitration matters during the reporting period [97]. - The company did not engage in any major related party transactions during the reporting period [98].

Financial Performance - The company's operating revenue for Q1 2022 was ¥658,814,597.53, representing a 20.05% increase compared to ¥548,760,742.18 in the same period last year[3] - Net profit attributable to shareholders was ¥23,651,275.98, a 6.26% increase from ¥22,257,062.06 year-on-year[3] - The total operating revenue for Q1 2022 was RMB 658,814,597.53, an increase of 20% compared to RMB 548,760,742.18 in the same period last year[17] - The total profit amounted to CNY 28,868,874.17, up from CNY 26,726,707.34, reflecting a growth of 8.01% year-over-year[18] - The operating profit for the quarter was CNY 28,932,754.65, compared to CNY 26,636,321.70, indicating an increase of 8.62%[18] - The company reported a net profit margin improvement, with net profit for the period not explicitly stated but inferred from revenue and cost changes[17] Cash Flow and Liquidity - The net cash flow from operating activities was -¥323,121,820.18, a decline of 17.11% compared to -¥275,910,837.60 in the previous year[3] - The company's cash and cash equivalents decreased by 48.66% to ¥453,852,401.36 from ¥884,042,159.86, primarily due to payments for overdue goods and bank loan repayments[6] - Cash and cash equivalents at the end of the period were CNY 436,746,573.63, down from CNY 493,380,551.22 at the end of the previous year[21] - The cash inflow from operating activities totaled CNY 349,549,971.68, down from CNY 606,907,341.68 in the previous year[21] - The cash outflow for operating activities was CNY 672,671,791.86, compared to CNY 882,818,179.28 in the same period last year[21] - The company recorded a net cash flow from financing activities of CNY 7,126,465.63, improving from CNY -53,759,788.43 in the previous year[21] Assets and Liabilities - The total assets at the end of Q1 2022 were ¥2,653,270,406.84, down 3.67% from ¥2,754,399,240.08 at the end of the previous year[3] - The total liabilities decreased to RMB 1,122,458,887.64 from RMB 1,256,492,342.89, a reduction of 10.7%[14] - The company's equity attributable to shareholders increased to RMB 1,530,811,519.20 from RMB 1,497,906,897.19, reflecting a growth of 2.2%[15] Research and Development - Research and development expenses surged by 221.41% to ¥25,736,187.15 from ¥8,007,384.49, indicating increased investment in R&D projects[6] - Research and development expenses rose significantly to RMB 25,736,187.15, compared to RMB 8,007,384.49 in the previous year, marking an increase of 221%[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 39,920, with the largest shareholder holding 22.73% of the shares[9] - The company held 23,139,756 shares in its repurchase account, accounting for 5.23% of the total share capital[10] - Basic earnings per share increased to CNY 0.0565 from CNY 0.0531, representing a growth of 6.37%[19] - The company reported a total comprehensive income of CNY 23,650,562.08, compared to CNY 22,346,325.30, marking an increase of 5.83%[19] Accounts Receivable - The accounts receivable increased by 46.03% to ¥1,038,466,594.44 from ¥711,140,033.18, attributed to higher revenue and slower customer payment collection[6] - Accounts receivable increased to RMB 1,038,466,594.44 from RMB 711,140,033.18, representing a growth of 46%[12]

Financial Performance - The company's operating revenue for 2021 was ¥2,348,514,561.63, representing a 1.36% increase compared to ¥2,317,038,838.75 in 2020[22]. - The net profit attributable to shareholders for 2021 was ¥170,293,667.22, up 4.72% from ¥162,612,781.99 in 2020[22]. - The net cash flow from operating activities improved significantly to ¥276,011,770.90, a 960.45% increase from -¥32,077,583.01 in 2020[22]. - The total assets at the end of 2021 were ¥2,754,399,240.08, down 8.60% from ¥3,013,516,692.59 at the end of 2020[22]. - The company's basic earnings per share for 2021 was ¥0.4065, an increase of 4.74% from ¥0.3881 in 2020[22]. - The weighted average return on equity for 2021 was 11.86%, a slight decrease from 12.30% in 2020[22]. - The company reported a total of ¥4,587,454.80 in government subsidies for 2021, compared to ¥5,859,052.34 in 2020[27]. - The net profit after deducting non-recurring gains and losses for 2021 was ¥165,465,432.78, a 3.97% increase from ¥159,150,986.11 in 2020[22]. - The company achieved operating revenue of CNY 2,348,514,561.63, representing a year-on-year growth of 1.36%[41]. - The net profit attributable to shareholders was CNY 170,293,667.22, an increase of 4.72% compared to the previous year[41]. Market Position and Competition - The company faces increasing competition in the IT infrastructure service market, which may pressure its market position if it fails to enhance its technical capabilities and brand influence[6]. - The company acknowledges the risk of new entrants in the market, which could intensify competition and impact its growth trajectory[6]. - The company has a strong brand and market reputation in the IT infrastructure service sector, which it aims to leverage for future growth[6]. - The company is committed to expanding its market presence and enhancing its service offerings in response to growing user demand for data center IT infrastructure services[6]. - The company is focusing on enhancing its service capabilities to support clients' digital transformation efforts amid increasing industry demands[40]. Technological Innovation - The company emphasizes the need for continuous technological innovation to adapt to rapid advancements in equipment and technology, which is crucial for maintaining competitive advantages[8]. - The company is focused on developing new products and technologies to meet market demands and enhance its service capabilities[8]. - The company is positioned to leverage emerging technologies such as AI, big data, and cloud computing to drive innovation in financial services[35]. - The integration of AIOps technology is expected to enhance IT operations efficiency and automation for clients[36]. - The company is developing a container technology-based integration solution for data centers in the financial sector, aiming to enhance IT infrastructure services and market competitiveness[69]. Talent Management - The company has established a stable and efficient talent team through competitive compensation and internal promotion mechanisms, but faces risks of talent loss due to industry competition[9]. - The company is committed to creating a stable and efficient talent team through competitive compensation and a positive work environment to mitigate talent retention risks[107]. - The number of R&D personnel increased to 351 in 2021, a growth of 37.65% compared to 2020[72]. - The R&D personnel accounted for 17.90% of the total workforce in 2021, an increase from 15.97% in 2020[72]. - The employee training program aims to enhance core competitiveness and ensure sustainable business development through systematic management and technical training[144]. Governance and Compliance - The company has established a comprehensive governance structure, ensuring compliance with relevant laws and regulations, and maintaining transparency in its operations[112]. - The company held one annual and one extraordinary shareholders' meeting, ensuring equal treatment of all shareholders, particularly minority shareholders[113]. - The board of directors consists of five members, including two independent directors, and has established various committees to support decision-making processes[114]. - The company has implemented two phases of restricted stock incentive plans and a stock option incentive plan in 2018 to align the interests of shareholders, the company, and management[118]. - The company respects and protects the legitimate rights and interests of stakeholders, emphasizing social responsibility and communication with various parties[118]. Research and Development - The company obtained 34 software copyrights during the reporting period, enhancing its core technology capabilities[43]. - R&D investment amounted to ¥103,459,231.50 in 2021, representing 4.41% of operating revenue, up from 3.14% in 2020[72]. - The company established three major R&D projects, with capitalized amounts of ¥747,015.58 for the financial data center integration project, ¥6,190,150.25 for the AIOps R&D center, and ¥11,079,251.38 for the global monitoring management platform[75]. - The company is committed to improving its digital transformation efforts, aiming to provide better insights into operational status and industry trends[71]. - The company is enhancing its system integration services through the development of integrated toolsets, aiming to automate complex tasks and improve operational efficiency[71]. Shareholder Returns - The company plans to distribute a cash dividend of 2.00 RMB per 10 shares to all shareholders, based on a total of 418,960,464 shares[9]. - The company distributed a cash dividend of RMB 2.00 per 10 shares, totaling RMB 83,792,092.80, which represents 100% of the total distributable profit[147]. - A stable shareholder return policy will be maintained, with a focus on sustainable development and compliance with cash dividend regulations[170]. Financial Management - The company has a comprehensive budget system in place to optimize budget management and strengthen cost control[151]. - The total remuneration for the board of directors and senior management during the reporting period amounted to 410.06 million CNY[132]. - The company has committed to enhancing internal controls and core competitiveness to improve profitability[170]. - The company aims to accelerate the investment progress of projects funded by the raised capital to improve efficiency and generate returns for shareholders as soon as possible[170]. - The company has made commitments to ensure that measures to compensate for dilution of immediate returns are effectively implemented[172].

Financial Performance - The company's revenue for Q3 2021 was ¥548,106,183.24, representing a 5.50% increase year-over-year, while the year-to-date revenue reached ¥1,764,729,978.77, up 23.61% compared to the same period last year[3] - Net profit attributable to shareholders for Q3 2021 was ¥48,505,744.70, a decrease of 3.05% year-over-year, with year-to-date net profit at ¥143,890,325.73, an increase of 4.65%[3] - The basic earnings per share for Q3 2021 was ¥0.1158, down 3.02% year-over-year, while diluted earnings per share increased slightly by 0.18% to ¥0.1137[3] - Total operating revenue for the current period reached ¥1,764,729,978.77, an increase of 23.6% compared to ¥1,427,695,347.23 in the previous period[20] - Total operating costs amounted to ¥1,600,564,653.93, up 26.5% from ¥1,265,266,797.20 in the prior period[20] - Operating profit for the current period was ¥168,108,601.39, slightly up from ¥162,233,501.33, reflecting a growth of 5.4%[21] - Net profit for the current period was ¥143,890,325.73, an increase of 4.3% compared to ¥137,495,091.39 in the previous period[21] - Basic earnings per share rose to ¥0.3435 from ¥0.3282, indicating a growth of 4.0%[22] - The company reported a total comprehensive income of ¥143,753,984.53, compared to ¥137,350,948.77 in the previous period, marking an increase of 4.0%[22] Assets and Liabilities - Total assets at the end of Q3 2021 were ¥2,867,014,998.45, a decrease of 4.86% from the end of the previous year[3] - As of September 30, 2021, total assets amounted to CNY 2,867,014,998.45, a decrease from CNY 3,013,516,692.59 at the end of 2020, reflecting a decline of approximately 4.85%[18] - Total liabilities were reported at CNY 1,400,955,828.79, down from CNY 1,607,549,893.34, indicating a reduction of about 12.87%[18] - The total equity attributable to shareholders rose to CNY 1,466,059,169.66 from CNY 1,405,966,799.25, marking an increase of approximately 4.25%[18] - The total liabilities to equity ratio improved to approximately 0.95 from 1.14, indicating a strengthening of the company's financial position[18] Cash Flow and Investments - Cash flow from operating activities showed a net outflow of ¥275,185,237.74 year-to-date, reflecting a 1.82% increase compared to the previous year[3] - Cash flow from operating activities showed a net outflow of ¥275,185,237.74, compared to a net outflow of ¥270,271,275.44 in the previous period[25] - Cash and cash equivalents at the end of the period were ¥434,773,742.07, slightly up from ¥426,361,155.99 at the end of the previous period[26] - The company's cash and cash equivalents decreased to CNY 464,141,851.16 from CNY 950,280,283.29, representing a decline of approximately 51.16%[16] Inventory and Receivables - The company reported a significant increase in contract assets, which rose by 153.13% to ¥346,028,296.32, attributed to increased revenue during the reporting period[6] - The company’s inventory increased by 30.73% to ¥75,964,907.39, primarily due to software project development and spare parts reserves[6] - Accounts receivable increased to CNY 914,036,030.23 from CNY 847,574,334.41, showing a growth of about 7.83%[16] - The company’s inventory increased to CNY 75,964,907.39 from CNY 58,107,325.17, representing a growth of about 30.54%[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 36,227, with the largest shareholder holding 22.73% of the shares[10] - The company reported a total of 23,146,140 shares in the repurchase account, accounting for 5.24% of the total share capital[15] Research and Development - Research and development expenses increased to ¥21,578,244.09, up from ¥19,221,250.71, reflecting a growth of 12.3%[21] Other Income - Other income for the first nine months of 2021 was ¥4,151,122.74, a 50.50% increase compared to the same period in 2020, mainly from subsidy income and software product tax refunds[7] - The company experienced a 218.81% increase in non-operating income, reaching ¥827,734.59, due to receiving social security center subsidies[7] Financial Standards and Reporting - The third quarter report has not been audited[28] - The company has implemented new leasing standards starting from 2021, with retrospective adjustments to prior comparative data[28] - The board of directors released the third quarter report on October 29, 2021[28]

Financial Performance - The company's operating revenue for the current period is ¥1,216,623,795.53, representing a 33.96% increase compared to ¥908,184,059.86 in the same period last year[28]. - The net profit attributable to shareholders for the current period is ¥95,384,581.03, which is a 9.06% increase from ¥87,461,660.68 in the previous year[28]. - The net cash flow from operating activities for the current period is -¥133,616,077.98, an improvement of 48.74% compared to -¥260,647,199.09 in the same period last year[28]. - The total assets at the end of the current period are ¥2,649,114,211.37, a decrease of 12.09% from ¥3,013,516,692.59 at the end of the previous year[28]. - The basic earnings per share for the current period is ¥0.2277, reflecting a 9.05% increase from ¥0.2088 in the previous year[28]. - The company reported non-recurring gains totaling ¥2,807,634.43 for the current period, after accounting for tax impacts[33]. - The company's revenue for the reporting period reached ¥1,216,623,795.53, representing a year-on-year increase of 33.96% primarily due to growth in IT infrastructure services and system integration[52]. - Operating costs increased to ¥979,598,118.86, a rise of 39.08%, which is in line with the revenue growth[52]. - The company achieved a net cash flow from operating activities of -¥133,616,077.98, an improvement of 48.74% compared to the previous year, mainly due to faster customer payments in system integration[53]. - The gross margin for IT infrastructure services was 41.54%, while for system integration it was 5.45%, with the latter showing a slight decrease of 0.19% year-on-year[55]. Market Position and Strategy - The company reported significant growth in its IT infrastructure services, with a market expansion opportunity due to increasing demand from government and enterprises[6]. - The company has established a strong brand presence in the IT infrastructure service sector, but faces rising competition from new entrants and existing players[6]. - The company is actively exploring market expansion strategies to capitalize on the growing demand for IT infrastructure services[6]. - The industry trend indicates a shift towards domestic third-party service providers replacing original equipment manufacturers in IT infrastructure services due to flexibility and cost-effectiveness[39]. - The company anticipates concentrated upgrades and restructuring demands in the IT systems of major domestic banks in the coming years as they transition to open-source architectures[38]. - The company focuses on providing one-stop IT infrastructure solutions for data centers, including IT operation and maintenance services, system integration services, and intelligent operation and maintenance software development[36][37]. Research and Development - The company plans to increase R&D efforts to meet the rising demands of clients in various industries during their digital transformation[42]. - The company has obtained 25 software copyrights during the reporting period, showcasing its commitment to core technology development[46]. - The company is focusing on AIOps development, which aims to enhance IT operations efficiency through machine learning and data analysis[45]. - The "Financial Data Center Integration Solution" project aims to improve resource management and efficiency in data centers using container technology[45]. - Research and development expenses increased by 14.86% to ¥15,580,961.49, reflecting the company's commitment to innovation[53]. Talent Management - The company emphasizes the importance of talent retention amidst increasing competition for skilled personnel in the industry[10]. - The company is committed to maintaining a competitive compensation structure to attract and retain high-quality talent[10]. - The company has established a stable and efficient talent team by implementing competitive salary systems and creating a positive work environment[95]. - Talent retention is critical, as the company aims to prevent the loss of key personnel amidst increasing industry competition[84]. Financial Health and Risks - Cash and cash equivalents at the end of the reporting period amounted to ¥587.13 million, a decrease of 9.37% from ¥950.28 million at the end of the previous year, representing 22.16% of total assets[62]. - Accounts receivable stood at ¥774.79 million, accounting for 29.25% of total assets, compared to 28.13% in the previous year, reflecting an increase of 1.12%[63]. - Contract assets increased significantly to ¥308.67 million, representing 11.65% of total assets, up from 4.54% in the previous year, marking a growth of 7.11%[63]. - Short-term borrowings were reported at ¥440.59 million, which is 16.63% of total assets, showing an increase of 0.84% from the previous year[63]. - The company faces market competition risks as new entrants may increase pressure on its market position[83]. - Operational management risks are present due to rapid business expansion, necessitating improved management systems and talent acquisition[83]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 36,638[125]. - The largest shareholder, Zhan Lixiong, held 22.73% of the shares, amounting to 100,473,520 shares[125]. - The total number of shares outstanding was 442,100,220, with 75,567,019 shares subject to trading restrictions[123]. - The proportion of restricted shares was 17.09% of the total shares[123]. - The company held its annual shareholder meeting with a participation rate of 22.88% on April 1, 2021, reflecting shareholder engagement[88]. - The company plans not to distribute cash dividends, issue bonus shares, or convert capital reserves into share capital for the half-year period[90]. Compliance and Governance - The company has adhered to relevant laws and regulations to protect the rights of shareholders and creditors, ensuring transparent information disclosure[95]. - The company and its subsidiaries are not classified as key pollutant discharge units and did not face any administrative penalties for environmental issues during the reporting period[94]. - There were no significant lawsuits or arbitration matters during the reporting period[104]. - The company did not engage in any significant related party transactions during the reporting period[105]. - The half-year financial report has not been audited[101]. - The financial statements were approved by the board of directors on August 25, 2021[195]. - The company adheres to the accounting standards set by the Ministry of Finance and the China Securities Regulatory Commission[199]. - The company has no significant doubts regarding its ability to continue as a going concern for the next 12 months[198].

Revenue and Profit - The company's revenue for Q1 2021 was ¥548,760,742.18, representing a 45.35% increase compared to ¥377,543,813.14 in the same period last year[7]. - Net profit attributable to shareholders was ¥22,257,062.06, up 12.49% from ¥19,784,988.49 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥21,043,604.75, reflecting a 16.96% increase from ¥17,991,602.39 in the previous year[7]. - The basic earnings per share increased to ¥0.0531, a rise of 12.50% compared to ¥0.0472 in the same period last year[7]. - The company achieved operating revenue of 548.76 million yuan in Q1 2021, a year-on-year increase of 45.35% compared to 377.54 million yuan in the same period last year[15]. - The net profit attributable to shareholders was 22.26 million yuan, reflecting a 12.49% increase from 19.77 million yuan in the previous year[18]. - The total comprehensive income for the quarter was CNY 22,346,325.30, an increase from CNY 19,919,873.48 in the prior period[44]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,720,106,515.01, down 9.74% from ¥3,013,516,692.59 at the end of the previous year[7]. - The company's total assets decreased to ¥2,684,115,681.46 as of March 31, 2021, down from ¥2,976,222,268.98 at the end of 2020[39]. - Total liabilities decreased to CNY 1.29 billion from CNY 1.61 billion, a reduction of approximately 20.5%[35]. - The company's total liabilities decreased to ¥1,274,609,048.67 from ¥1,592,020,115.58, showing a reduction of approximately 19.9%[39]. - The total current assets amounted to CNY 2.07 billion, down from CNY 2.36 billion, indicating a decrease of approximately 12.2%[33]. - The company's total equity remained stable at CNY 1.43 billion, with no significant changes reported[35]. Cash Flow - The net cash flow from operating activities was -¥275,910,837.60, a slight improvement of 2.05% compared to -¥281,675,132.72 in the same period last year[7]. - The cash flow from operating activities showed a net outflow of CNY -275,910,837.60, slightly improved from CNY -281,675,132.72 in the previous year[51]. - Cash flow from investing activities resulted in a net outflow of -9,633,768.00 CNY, down from -19,618,750.59 CNY in the previous period, showing improved cash management[55]. - Cash flow from financing activities showed a net outflow of -53,673,538.44 CNY, compared to -83,654,622.55 CNY previously, indicating reduced financing costs[55]. - Total cash inflow from operating activities was 602,196,919.79 CNY, while cash outflow was 872,161,986.11 CNY, resulting in a net cash flow deficit[53]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 36,260[10]. - The largest shareholder, Zhan Lixiong, holds 22.73% of the shares, with 100,473,520 shares, of which 75,355,140 are pledged[10]. Expenses and Costs - The company's sales expenses rose by 31.25% to 38.33 million yuan, attributed to increased business expansion costs and higher rental expenses for branches[15]. - The company reported a significant increase in tax expenses, with taxes and surcharges rising by 375.81% to 1.85 million yuan due to higher VAT and income tax payments[15]. - The total operating costs for Q1 2021 were ¥523,073,332.49, up from ¥354,537,395.84 in Q1 2020, indicating a year-over-year increase of about 47.5%[42]. Research and Development - The company plans to continue increasing investment in R&D projects to accelerate innovation in service and software products[18]. - Research and development expenses amounted to CNY 7,493,260.72, a decrease from CNY 8,129,652.24 in the prior year[46]. Other Financial Metrics - The company reported a weighted average return on equity of 1.57%, a slight decrease from 1.58% in the previous year[7]. - The company incurred financial expenses of CNY 7,636,088.75, down from CNY 9,305,977.02 in the previous year[46]. - The company reported a foreign currency translation difference of CNY 89,263.24, compared to CNY 134,884.99 in the previous period[44].

Financial Performance - The company's operating revenue for 2020 was CNY 2,317,038,838.75, representing a 50.24% increase compared to CNY 1,542,179,385.09 in 2019[22]. - The net profit attributable to shareholders for 2020 was CNY 162,612,781.99, a 20.29% increase from CNY 135,179,878.65 in 2019[22]. - The company's operating revenue for 2020 reached ¥2,317,038,838.75, representing a 50.24% increase compared to ¥1,542,179,385.09 in 2019[49]. - The net profit attributable to shareholders was CNY 162,612,781.99, reflecting a growth of 20.29% compared to the previous year[43]. - The total operating revenue for 2020 reached ¥2,317,038,838.75, representing a 50.24% increase compared to ¥1,542,179,385.09 in 2019[49]. - The company reported a cash dividend of 83,789,930.40 in 2020, representing 51.53% of the net profit attributable to ordinary shareholders[108]. - The company reported a cash dividend of 2 RMB per 10 shares, based on a total of 418,949,652 shares[9]. Market Position and Strategy - The company operates as a national, specialized "one-stop" IT operation service provider, focusing on third-party operation services for data center IT infrastructure[5]. - The company acknowledges the growing market demand for data center IT infrastructure services, presenting significant growth opportunities[5]. - The company aims to expand its market share in the IT infrastructure service sector, particularly in the financial industry, by enhancing its service capabilities and leveraging the growing demand for private and hybrid cloud solutions[96][97]. - The company is focusing on the integration of domestic equipment and software in response to national policies promoting self-controlled financial technology, anticipating a surge in demand for system upgrades over the next 2-3 years[97]. - The company has established a strategic focus on the financial technology sector, aligning with the national development plan for FinTech from 2019 to 2021, which emphasizes innovation and risk management[96]. - The company is positioned as a leading player in the domestic IT service sector, particularly in the financial industry, with plans for comprehensive service offerings including consulting, software development, and operational outsourcing[96]. Competition and Innovation - The company faces increasing competition in the IT infrastructure service market, which may pressure its market position if it fails to enhance its technical capabilities and brand influence[5]. - The company emphasizes the need for continuous technological innovation to adapt to rapid advancements in IT services and maintain competitive advantages[8]. - The company is committed to R&D in high-end IT infrastructure services, aiming to integrate IaaS, PaaS, and SaaS for intelligent operations[37]. - New technologies such as big data, cloud computing, and AI are being integrated into IT operations, driving the industry's development[34]. - The company is focusing on AIOps technology to enhance IT operations efficiency, utilizing big data and AI for proactive system management[34]. Client Relationships and Service Offerings - The company has established long-term stable relationships with over 1,350 clients, including major banks and financial institutions, enhancing its competitive position in the IT infrastructure service market[35]. - The company provides comprehensive IT infrastructure services, including operation and maintenance services, system integration, and intelligent operation software development[30]. - The company's revenue is primarily generated from system integration services, including IT infrastructure consulting, hardware supply, and software installation, focusing on financial industry clients[31]. - The company has expanded its service network to cover over 100 cities in China, providing services to major telecom operators and various government and industrial clients[35]. Financial Health and Investments - The total assets at the end of 2020 were CNY 3,013,516,692.59, reflecting a 19.82% increase from CNY 2,514,983,302.77 at the end of 2019[22]. - The company's EBITDA for 2020 was CNY 246.31 million, representing a 13.23% increase from CNY 217.53 million in 2019[173]. - The current ratio improved to 185.80% in 2020 from 153.71% in 2019, an increase of 32.09%[173]. - The debt-to-asset ratio increased slightly to 53.34% in 2020 from 50.67% in 2019, a change of 2.67%[173]. - The company has a total of 1,603 employees receiving salaries, indicating a stable workforce[189]. Research and Development - Research and development expenses increased by 14.04% to ¥58,396,306.27, driven by increased personnel and project investments[61]. - The number of R&D personnel increased to 255, making up 15.97% of the total workforce[65]. - The total R&D investment amounted to 19.80% of operating revenue, an increase from 14.08% in the previous year[66]. - The company is investing 200 million RMB in R&D for new technologies aimed at enhancing user experience and service efficiency[182]. Governance and Compliance - The company has established a stable dividend policy, ensuring reasonable returns to shareholders while considering sustainable development[114]. - The company has not engaged in any investor communication activities during the reporting period, indicating a focus on internal strategies and operations[99]. - The governance structure of the company is complete and complies with relevant laws and regulations, with no significant discrepancies from regulatory standards[199]. - The company has implemented two phases of restricted stock incentive plans and a stock option incentive plan in 2018 to align the interests of shareholders and management[198]. Challenges and Risks - The company is at risk of losing core R&D and management personnel due to intensified industry competition, which could impact its technological development and market expansion[9]. - The company recognizes the importance of adapting to market demands to avoid losing customers and diminishing its competitive edge[8]. - The company has not encountered any issues in the use and disclosure of raised funds[84].

Financial Performance - Operating revenue for the reporting period was CNY 519,511,287.37, representing a year-on-year increase of 52.02%[7] - Net profit attributable to shareholders was CNY 50,033,430.71, up 13.91% year-on-year[7] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 51,828,279.36, an increase of 20.94% compared to the same period last year[7] - Basic earnings per share were CNY 0.1194, reflecting a growth of 17.06% year-on-year[7] - The weighted average return on net assets was 3.93%, an increase of 0.61% compared to the previous year[7] - Total operating revenue for Q3 2020 reached CNY 519,511,287.37, compared to CNY 341,733,459.11 in the same period last year, indicating a significant increase[34] - The net profit for Q3 2020 reached CNY 50,033,430.71, representing a growth of 13.5% from CNY 43,924,513.36 in Q3 2019[36] - The total profit for the third quarter was CNY 160,993,133.56, up from CNY 134,206,545.86 in the same period last year, representing an increase of approximately 19.9%[43] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,509,108,578.03, a decrease of 0.23% compared to the end of the previous year[7] - Total assets as of September 30, 2020, were CNY 2,460,796,262.94, slightly down from CNY 2,473,914,571.33 at the end of 2019[31] - Total liabilities decreased to CNY 1,103,368,379.12 from CNY 1,257,153,381.56 year-on-year[32] - Total liabilities reached CNY 1,274,439,002.61, with current liabilities at CNY 1,251,316,786.82 and non-current liabilities at CNY 23,122,215.79[59] - Total liabilities amounted to CNY 1,257,153,381.56, with non-current liabilities at CNY 23,122,215.79[65] - Owner's equity totaled CNY 1,240,544,300.16, including share capital of CNY 442,100,220.00 and retained earnings of CNY 317,825,892.18[59] Cash Flow - The net cash flow from operating activities was negative CNY 9,624,076.35, a decline of 91.75% year-on-year[7] - The net cash flow from operating activities was -270,271,275.44 CNY, an improvement from -325,436,404.91 CNY in the previous period, indicating a reduction in cash outflow[50] - Total cash inflow from operating activities reached 1,171,080,946.02 CNY, compared to 864,573,004.26 CNY in the same period last year, reflecting a year-over-year increase of approximately 35.4%[50] - Cash outflow from operating activities totaled 1,441,352,221.46 CNY, up from 1,190,009,409.17 CNY, representing an increase of about 21%[50] - The net cash flow from investing activities was -55,130,415.91 CNY, a significant decline from a positive cash flow of 13,442,138.63 CNY in the previous period[51] - Cash inflow from financing activities amounted to 750,205,179.96 CNY, down from 1,061,912,542.04 CNY, indicating a decrease of approximately 29.3%[51] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 38,198[11] - The largest shareholder, Zhan Lixiong, held 24.73% of the shares, with 81,986,640 shares pledged[11] Inventory and Receivables - Cash and cash equivalents decreased by 46.90% to ¥466,674,736.85 from ¥878,914,722.76 due to payments of overdue debts and bank loans[25] - Inventory decreased by 61.36% to ¥77,195,290.67 from ¥199,782,917.09, primarily due to the acceptance of equipment supplied to customers[25] - Accounts receivable increased to CNY 606,158,511.66 from CNY 541,748,244.67 year-on-year[29] Research and Development - The company reported a decrease in research and development expenses to CNY 5,655,620.74 from CNY 7,286,333.24 year-on-year[35] - Research and development expenses for Q3 2020 were CNY 5,209,656.63, slightly down from CNY 5,576,464.66 in Q3 2019, indicating a decrease of 6.6%[39] - The company incurred research and development expenses of CNY 17,978,136.88 for the first three quarters, slightly down from CNY 18,188,900.40 in the same period last year[45] Tax and Financial Expenses - The company reported a 94.66% increase in tax and additional charges to ¥4,859,104.45, due to higher VAT payments[16] - Financial expenses for the third quarter amounted to CNY 24,517,363.33, an increase from CNY 16,014,317.27 in the same quarter last year[43] Revenue Recognition Standards - The company adopted new revenue recognition standards effective January 1, 2020, impacting the classification of contract assets and liabilities[60] - The company began implementing the new revenue recognition standards from January 1, 2020, affecting the classification of contract assets and liabilities[66] Audit Status - The third quarter report was not audited, indicating a potential area for further scrutiny[67]

Market Demand and Growth - The company reported a significant increase in market demand for IT infrastructure services, indicating a growing market opportunity[5] - The company is focused on expanding its market presence and enhancing its service offerings to capitalize on the growing demand for IT services[5] - The market for third-party IT infrastructure services is growing rapidly, with a significant shift from original manufacturers to third-party providers due to better service quality and cost efficiency[35] - The company has experienced rapid growth in its business operations and asset scale, necessitating improvements in management and operational capabilities[6] - The company has established a service network covering over 100 cities in China, enhancing its competitive position in the market[37] Financial Performance - The company's operating revenue for the reporting period reached ¥908,184,059.86, representing a 40.38% increase compared to ¥646,927,683.54 in the same period last year[21] - Net profit attributable to shareholders was ¥87,461,660.68, up 22.07% from ¥71,648,221.17 year-on-year[21] - The net profit after deducting non-recurring gains and losses was ¥84,574,024.63, reflecting a 21.69% increase from ¥69,502,101.96 in the previous year[21] - The basic earnings per share increased to ¥0.2088, a rise of 24.66% compared to ¥0.1675 in the same period last year[21] - The company reported a total comprehensive income of CNY 88,116,535.24 for the first half of 2020, significantly higher than CNY 28,000,640.45 in the same period of 2019[149] Operational Efficiency and Management - The company has established a comprehensive management system to support its operational efficiency amid its expansion[6] - The company emphasizes the importance of talent retention and has implemented competitive compensation and incentive mechanisms to attract and retain high-quality personnel[8] - The company has built a strong sales team and implemented innovative incentive systems to attract and retain talent, crucial for market expansion[40] - The company has a structured management system in place, but must ensure it scales effectively with business growth to avoid operational risks[82] Technology and Innovation - The company plans to continue investing in technology innovation to meet market demands and maintain competitive advantages[7] - The company acknowledges the risks associated with technological advancements and the need for continuous product updates to meet customer expectations[7] - The company is focusing on technology innovation, with plans for future product and service expansions in cloud services and intelligent operations[40] - The company emphasizes the importance of maintaining a competitive edge through continuous technology upgrades and talent management[41] Shareholder and Equity Information - The company has not declared any cash dividends or stock bonuses for the reporting period[9] - The total number of shares is 442,100,220, with 18.61% (82,261,519 shares) being limited sale shares and 81.39% (359,838,701 shares) being unrestricted sale shares[117] - The largest shareholder, Zhan Lixiong, holds 24.73% (109,315,520 shares) of the total shares, with 81,986,640 shares being limited sale shares[120] - The company did not issue any preferred shares during the reporting period[125] Cash Flow and Financial Health - The company reported a net cash flow from operating activities of -¥260,647,199.09, which is a 24.81% increase in cash outflow compared to -¥208,831,252.28 in the same period last year[21] - Cash and cash equivalents decreased by 254.90% to a net outflow of ¥355,703,084.35, primarily due to reduced short-term borrowings and increased payments to suppliers[48] - The cash flow from operating activities showed a negative trend, indicating potential liquidity challenges moving forward[159] Risks and Challenges - The company faces increasing competition from new entrants and established players[5] - The company faced market competition risks due to increasing competitors in the IT infrastructure service sector, which may pressure its market position[81] - The company acknowledges the risks associated with technological advancements and the need for continuous product updates to meet customer expectations[7] Compliance and Governance - The company’s half-year financial report was not audited, which may affect stakeholder confidence in the reported figures[90] - The financial statements comply with the accounting standards issued by the Ministry of Finance, reflecting the company's financial position and operating results accurately[187] - The company has not engaged in any significant equity or non-equity investments during the reporting period[60]