证券代码：300235 证券简称：方直科技 公告编号：2022-047 深圳市方直科技股份有限公司 关于参加深圳辖区上市公司2022年投资者 网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流，深圳市方直科技股份有限公司（以下简 称"公司"）将参加由深圳证监局指导、深圳上市公司协会与深圳市全景网络有 限公司联合举办的"2022年深圳辖区上市公司投资者集体接待日活动"，现将相 关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演APP，参与 本次互动交流，活动时间为2022年11月9日（周三）16:30—17:30。届时公司总经 理张文凯先生、副总经理兼董事会秘书李枫女士、副总经理兼财务总监贺林英女 士、副总经理兼技术总监卢庆华先生将通过网络文字交流形式与投资者进行沟 通，欢迎广大投资者踊跃参与！ 特此公告。 深圳市方直科技股份有限公司 董事会 2022 年 11 月 4 日 ...

Financial Performance - The company's revenue for Q3 2022 was ¥38,164,304.23, a decrease of 3.97% compared to the same period last year[4] - Net profit attributable to shareholders for Q3 2022 was ¥17,728,683.33, an increase of 17.99% year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥15,171,576.13, reflecting a growth of 10.02% compared to the previous year[4] - Total operating revenue for Q3 2022 was CNY 82,276,485.99, a decrease of 8.8% compared to CNY 89,865,982.60 in the same period last year[18] - Net profit for Q3 2022 was CNY 27,641,927.92, representing an increase of 9.0% from CNY 25,270,858.41 in Q3 2021[20] - The total comprehensive income attributable to the parent company was CNY 27,353,164.53, compared to CNY 25,376,143.25 in the previous year, marking a growth of 7.8%[21] Assets and Liabilities - The total assets at the end of Q3 2022 amounted to ¥712,482,042.28, representing a 3.97% increase from the end of the previous year[4] - The total assets increased from ¥685,266,192.89 to ¥712,482,042.28, reflecting a growth of approximately 4.0%[15] - The total current assets increased from ¥482,621,507.75 at the beginning of the year to ¥515,888,250.63 by September 30, 2022, an increase of about 6.9%[15] - The total liabilities increased from ¥22,131,061.26 to ¥25,427,227.78, an increase of about 15.0%[16] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥14,843,441.05, showing a significant increase of 499%[4] - Cash flow from operating activities generated a net amount of CNY 14,843,441.05, a significant improvement compared to a net outflow of CNY 3,715,670.94 in the previous year[21] - The net cash flow from investment activities was -197,873,632.09, compared to -48,661,728.67 in the previous year, indicating a significant increase in cash outflow[22] - Cash inflow from investment activities totaled 364,037,418.91, up from 263,139,168.30 year-over-year[22] - Cash outflow for investment activities reached 561,911,051.00, compared to 311,800,896.97 in the same period last year, reflecting a 80.2% increase[22] - The net cash flow from financing activities was -3,547,229.80, compared to -9,230,709.95 in the previous year, showing an improvement[22] - The company reported a cash outflow of 3,356,621.80 for dividend distribution and interest payments, a decrease from 9,230,709.95 in the previous year[22] - The company experienced a net decrease in cash and cash equivalents of -186,577,420.84 during the quarter, compared to -61,608,109.56 in the previous year[22] Shareholder Information - Total number of common shareholders at the end of the reporting period is 18,437[10] - The largest shareholder, Huang Yuanzhong, holds 14.71% of shares, totaling 24,688,623 shares[10] - The number of restricted shares held by Huang Yuanzhong remains unchanged at 19,657,967 shares[12] - The company reported a total of 33,552,428 restricted shares at the end of the period[12] - The top ten shareholders collectively hold a significant portion of the company's equity, indicating concentrated ownership[10] Other Financial Metrics - The weighted average return on net assets was 2.61%, an increase of 0.33% compared to the previous year[4] - Research and development expenses were CNY 16,785,437.95, down 25.7% from CNY 22,522,362.03 in the same period last year[18] - Other income increased to CNY 4,744,555.15, up 52.3% from CNY 3,116,377.62 year-on-year[18] - Basic and diluted earnings per share increased to CNY 0.1647 from CNY 0.1512, reflecting a growth of 23.2% year-on-year[21] - The company reported a credit impairment loss of CNY -605,185.78, compared to a gain of CNY 184,178.98 in the previous year[20] Audit and Reliability - The report for the third quarter was not audited, which may affect the reliability of the financial data presented[23]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥44,112,181.76, a decrease of 11.99% compared to ¥50,124,185.51 in the same period last year[25]. - The net profit attributable to shareholders of the listed company was ¥9,913,244.59, down 4.23% from ¥10,350,781.48 in the previous year[25]. - The net cash flow from operating activities was -¥17,842,946.30, a significant decline of 560.46% compared to -¥2,701,585.54 in the same period last year[25]. - The total assets at the end of the reporting period were ¥684,916,207.16, a slight decrease of 0.05% from ¥685,266,192.89 at the end of the previous year[25]. - The net assets attributable to shareholders of the listed company increased by 0.96% to ¥669,402,310.83 from ¥663,058,271.77 at the end of the previous year[25]. - The basic earnings per share remained unchanged at ¥0.06, consistent with the same period last year[25]. - The weighted average return on net assets was 1.49%, a decrease of 0.09% compared to 1.58% in the previous year[25]. - The company's operating revenue for the reporting period was CNY 44,112,181.76, a decrease of 11.99% compared to CNY 50,124,185.51 in the same period last year[71]. - The total revenue from the education industry was CNY 41,939,327.91, down 7.06% year-on-year, with a gross margin of 72.53%[72]. - The company's total operating costs decreased by 10.90%, with direct costs accounting for 57.41% of total operating costs[73]. - The company reported a total of 30,000 in entrusted financial management funds, with an outstanding balance of 23,000, and no overdue amounts[83]. - The company reported a total cash outflow from operating activities of 65,740,572.20 CNY, which is slightly higher than the 65,585,689.03 CNY recorded in the same period of the previous year[177]. Research and Development - Research and development investment was CNY 11,981,890.28, down 14.60% from CNY 14,030,058.10, mainly due to talent structure optimization[71]. - The company has established a doctoral innovation practice base to enhance its R&D capabilities, focusing on technology innovation to drive balanced educational development[59]. - The company emphasizes continuous investment in technology R&D, focusing on integrating new technologies such as big data, blockchain, and artificial intelligence into educational products[60]. - The company reported R&D expenses of CNY 12,162,863.07, down 14.8% from CNY 14,272,921.63 in the first half of 2021[168]. Market Strategy and Business Model - The company is a leading provider of quality resources for smart education in China, focusing on K-12 synchronous education products and services[33]. - The company has adopted a dual development model of direct sales and agency cooperation, enhancing service skills training for teams in major cities like Shenzhen, Guangzhou, and Beijing[37]. - The company is expanding its product ecosystem by upgrading traditional subscription products to digital network services, aiming to enhance profitability[35]. - The company’s business model centers on educational services, ensuring close alignment between product design and market demand[45]. - The company employs a market strategy that prioritizes expansion in first-tier cities before moving to second and third-tier cities and rural areas, targeting users with higher economic capabilities[58]. - The company plans to leverage cloud computing, big data, and artificial intelligence to provide smart teaching platforms and improve educational management efficiency[53]. Compliance and Corporate Governance - The company actively fulfills its corporate social responsibility, ensuring compliance with relevant laws and regulations while creating value for shareholders[105]. - The company has maintained a commitment to lawful operations and has not engaged in any illegal external guarantees[112]. - The company has established a comprehensive performance evaluation system to support employee development and ensure mutual growth[105]. - The company confirmed that there were no major related party transactions during the reporting period[118]. - The company did not distribute cash dividends or issue new shares during the reporting period[100]. Challenges and Risks - The company faced a significant increase in non-operating cash outflows, impacting overall financial performance[25]. - The company is facing policy risks in the education sector due to tightening regulations, which may impact demand and industry direction[89]. - The company recognizes the risk of talent shortages in the internet and AI sectors and is implementing strategies to attract and retain skilled personnel[93]. - The company is currently in a transformation phase, focusing on cost control while seeking new market opportunities[92]. Intellectual Property and Innovation - The company holds 121 software copyrights, 26 works copyrights, 3 design patents, and 5 invention patents, with recent additions including 1 invention patent and 1 design patent during the reporting period[62]. - New patents and trademarks were registered during the reporting period, enhancing the company's intellectual property portfolio[66][67][68]. Customer Engagement and User Base - The company has accumulated a stable user base of over 67 million beneficiaries across more than 100 cities in 30 provinces, leveraging a strong focus on quality education content and customer resources[58]. - The company emphasizes interactive and autonomous learning solutions, utilizing multimedia resources to engage students and enhance their learning experience[41]. Financial Position and Cash Flow - Cash and cash equivalents decreased by 23.52% to CNY 184,205,229.04, primarily due to the investment of idle funds in bank wealth management products[74]. - The net cash flow from investing activities was -CNY 139,945,684.93, a decrease of 378.57% from -CNY 29,242,297.31, attributed to differences in settlement cycles from purchasing bank wealth management products[71]. - The net cash flow from financing activities improved by 62.37% to -CNY 3,473,357.80, mainly due to a reduction in dividends paid to shareholders compared to the previous year[71]. - The total cash inflow from operating activities was 54,293,876.64 CNY, down 15.2% from 63,986,578.64 CNY in the first half of 2021[177]. - The total cash outflow from investment activities was 307,844,381.00 CNY, which is an increase of 78.3% compared to 172,559,438.97 CNY in the same period of 2021[178].

Financial Performance - The company's revenue for Q1 2022 was ¥35,789,371.71, a decrease of 12.15% compared to ¥40,739,515.32 in the same period last year[3] - Net profit attributable to shareholders was ¥12,959,946.94, down 17.02% from ¥15,618,161.39 year-on-year[3] - Total operating revenue for Q1 2022 was CNY 35,789,371.71, a decrease of 12.5% compared to CNY 40,739,515.32 in the same period last year[20] - The net profit for Q1 2022 was not explicitly stated, but the company reported a significant decrease in investment income, with a loss of CNY 1,283,624.49 compared to a gain of CNY 528,182.78 in the previous year[20] - The net profit for Q1 2022 was CNY 12,959,946.94, a decrease of 17.5% compared to CNY 15,584,448.82 in Q1 2021[21] - The total comprehensive income for Q1 2022 was CNY 12,828,842.22, down from CNY 15,584,448.82 in the same period last year, reflecting a decline of 17.9%[22] - Basic and diluted earnings per share for Q1 2022 were both CNY 0.08, compared to CNY 0.09 in Q1 2021, indicating a decrease of 11.1%[22] Cash Flow and Liquidity - The net cash flow from operating activities was -¥14,005,686.79, a significant decline of 667.61% compared to ¥2,467,502.57 in the previous year[3] - Cash flow from operating activities for Q1 2022 showed a net outflow of CNY 14,005,686.79, contrasting with a net inflow of CNY 2,467,502.57 in Q1 2021[25] - The company's cash and cash equivalents at the end of Q1 2022 were CNY 261,912,038.37, a decrease of 24.2% from CNY 345,467,218.07 at the beginning of the year[15] - The total cash and cash equivalents at the end of Q1 2022 were CNY 261,912,038.37, down from CNY 322,697,180.00 at the end of Q1 2021[25] - The company reported a significant increase in cash outflows related to operating activities, totaling CNY 42,717,832.36 in Q1 2022, compared to CNY 30,292,231.40 in Q1 2021[25] Assets and Liabilities - Total assets increased by 2.65% to ¥703,396,662.14 from ¥685,266,192.89 at the end of the previous year[3] - The total assets at the end of Q1 2022 were CNY 703,396,662.14, an increase from CNY 685,266,192.89 at the beginning of the year[18] - The total liabilities at the end of Q1 2022 were CNY 27,509,548.15, compared to CNY 22,207,921.12 at the beginning of the year, reflecting an increase of 24.0%[17] - The total equity attributable to shareholders at the end of Q1 2022 was CNY 675,887,113.99, an increase from CNY 663,058,271.77 at the beginning of the year[18] Operational Metrics - The weighted average return on equity decreased to 1.94% from 2.38% year-on-year[3] - The company reported a significant increase in accounts receivable by 107.98%, primarily due to revenue recognition from the education system's subscription business during the spring semester[7] - Accounts receivable increased to CNY 52,560,718.23, up 108.0% from CNY 25,272,601.99 at the beginning of the year[16] - The company experienced a 327.36% increase in prepayments, attributed to increased procurement of software and hardware equipment during the reporting period[7] - The company's inventory at the end of Q1 2022 was CNY 6,314,394.10, slightly up from CNY 6,173,966.06 at the beginning of the year[16] - The company incurred a credit impairment loss of CNY 250,117.40 in Q1 2022, compared to CNY 194,555.22 in Q1 2021, indicating an increase of 28.6%[21] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 22,757[10] - The top shareholder, Huang Yuanzhong, holds 15.62% of the shares, totaling 26,210,623 shares[10] Research and Development - The company’s research and development expenses for Q1 2022 were CNY 5,961,402.71, a decrease of 6.4% from CNY 6,371,934.96 in the same period last year[20]

Financial Performance - The company's operating revenue for 2021 was ¥111,488,967.38, a decrease of 8.86% compared to ¥122,322,181.37 in 2020[17] - The net profit attributable to shareholders for 2021 was ¥22,868,815.55, down 26.69% from ¥31,193,368.73 in the previous year[17] - The net profit after deducting non-recurring gains and losses was ¥15,983,809.60, reflecting a decline of 37.96% from ¥25,764,283.94 in 2020[17] - The net cash flow from operating activities was ¥22,484,075.45, a decrease of 22.38% compared to ¥28,967,295.31 in the previous year[17] - The total assets at the end of 2021 amounted to ¥685,266,192.89, representing a slight increase of 0.97% from ¥678,658,437.04 at the end of 2020[17] - The net assets attributable to shareholders increased by 2.10% to ¥663,058,271.77 at the end of 2021, compared to ¥649,420,166.17 at the end of 2020[17] - The basic earnings per share for 2021 were ¥0.14, down 26.32% from ¥0.19 in 2020[17] - The weighted average return on net assets was 3.48%, a decrease of 1.41% from 4.89% in the previous year[17] Revenue Breakdown - Total revenue for the first quarter was approximately CNY 40.74 million, with a significant drop in the second quarter to CNY 9.38 million, followed by CNY 39.74 million in the third quarter and CNY 21.62 million in the fourth quarter[19] - The net profit attributable to shareholders was CNY 15.62 million in the first quarter, but showed a loss of CNY 5.27 million in the second quarter, recovering to CNY 15.03 million in the third quarter and a loss of CNY 2.51 million in the fourth quarter[19] - The net cash flow from operating activities was CNY 2.47 million in the first quarter, a negative CNY 5.17 million in the second quarter, a further negative CNY 1.01 million in the third quarter, and a strong recovery to CNY 26.20 million in the fourth quarter[19] - The education sector contributed CNY 95.22 million, accounting for 85.41% of total revenue, reflecting a decline of 12.52% from the previous year[63] - Subscription revenue was CNY 72.92 million, representing 65.40% of total revenue, with a slight decrease of 8.82% year-on-year[63] Strategic Initiatives - The company has outlined its future development strategy and operational plans for 2022, addressing potential risk factors[5] - The company is leveraging opportunities from the ongoing education informationization, with a focus on integrating social resources and educational technology into school education[29] - The company plans to launch new application products in 2022, leveraging deep learning technology to create virtual teaching environments[53] - The company aims to enhance its product ecosystem by transitioning traditional subscription services to digital network services, with a focus on expanding its digital subscription business to other provinces in 2022[116] - The company is focusing on digital transformation and product upgrades to meet diverse student needs, establishing a solid foundation for future growth[60] Market Position and Competition - The company has established a strong brand presence in the education technology industry, aligning its traditional business direction with national strategic development policies[28] - The company is a leading provider of quality resources in the smart education sector, focusing on the development, design, sales, and continuous service of synchronous education products for primary and secondary schools[31] - The company has a significant market share in the Yangtze River Delta and Pearl River Delta regions, enjoying a high reputation in the industry[33] - The company has a stable user base exceeding 65 million beneficiaries across over 100 cities in 30 provinces, indicating significant market penetration[50] - The company has identified a significant market gap in the synchronous education service sector, particularly in underdeveloped regions[46] Research and Development - The company has accumulated 121 software copyrights, including 4 invention patents, and has added 7 software copyrights and 3 invention patents during the reporting period[54] - The company's R&D expenses increased by 25.27% to ¥33,705,282.39, driven by the need to upgrade educational products to meet customer demands[75] - The company's R&D investment amounted to ¥33,238,740.36 in 2021, representing 29.81% of total revenue, an increase from 21.41% in 2020[78] - The number of R&D personnel decreased by 41.44% to 65 in 2021, with R&D personnel accounting for 50.39% of the total workforce[78] Governance and Compliance - The company has established a governance structure that includes a board of directors, supervisory board, and management team, ensuring clear responsibilities and compliance with relevant laws and regulations[129] - The board consists of 7 members, including 3 independent directors, ensuring compliance with legal requirements and promoting independent decision-making[133] - The company has implemented a performance evaluation and incentive mechanism for senior management, linking compensation directly to performance to align with company goals[135] - The company has been proactive in addressing compliance issues, as shown by the warning letters issued to several executives[159] - The company has completed its rectification plan regarding related party transactions by April 2021, ensuring compliance with relevant regulations[187] Social Responsibility - The company actively fulfilled its corporate social responsibility by providing free access to its educational products during the pandemic[194] - The company emphasized the importance of legal compliance and social responsibility, maintaining a balance between economic and social benefits[194] - The company has not engaged in poverty alleviation or rural revitalization efforts during the reporting period[195] Employee Management - The total employee compensation for the reporting period was ¥3,997,797.88, accounting for 9.16% of the company's operating costs, compared to ¥5,658,430.18 and 12.96% in the previous year[177] - The total employee compensation for the company was ¥43,650,877.38, representing 44.56% of the total operating costs, an increase from ¥40,947,701.38 and 41.44% in the previous year[178] - The company has implemented a comprehensive human resources strategy to attract and retain talent, as evidenced by the roles of its senior management[154] - The company has a diverse management team with extensive experience in technology and finance, contributing to its strategic direction[148] Future Commitments - The company has outlined future commitments to ensure compliance with any new regulatory requirements from the China Securities Regulatory Commission[198] - The company has committed to linking future stock incentive plans to the execution of return compensation measures[198] - The commitments made by the shareholders regarding non-competition and non-occupation of company funds have been adhered to without violations[199]

证券代码：300235 证券简称：方直科技 公告编号：2021-057 深圳市方直科技股份有限公司 关于参加2021深圳辖区"沟通传递价值，交流创造良好生态" 上市公司投资者网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流工作，深圳市方直科技股份有限公司（以 下简称"公司"）将参加由深圳上市公司协会、深圳市全景网络有限公司共同举 办的"沟通传递价值，交流创造良好生态"——2021深圳辖区上市公司投资者网 上集体接待日活动，现将有关事项公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台，采取网 络远程的方式举行，投资者可以登录"全景•路演天下"网站（http://rs.p5w.net/） 或关注微信公众号：全景财经，参与公司本次投资者集体接待日活动，活动时间 为2021年11月30日14:00至17:00。 届时公司的副总经理兼董事会秘书李枫女士、副总经理兼财务总监贺林英女 士、副总经理兼技术总监卢庆华先生将通过网络文字交流形式与投资者进行沟通， 欢迎广大投资者积极参与。 特此公告。 深 ...

Financial Performance - The company's revenue for Q3 2021 was ¥39,741,797.09, a decrease of 30.07% compared to the same period last year[3] - Net profit attributable to shareholders for Q3 2021 was ¥15,025,361.77, down 28.71% year-on-year[3] - The net profit excluding non-recurring gains and losses was ¥13,790,345.73, reflecting a decline of 29.06% compared to the previous year[3] - Total operating revenue for Q3 2021 was CNY 89,865,982.60, a decrease of 15.1% compared to CNY 105,878,950.53 in the same period last year[19] - Net profit for Q3 2021 was CNY 25,270,858.41, representing a decline of 33.5% from CNY 37,965,396.46 in Q3 2020[20] - Earnings per share (EPS) for Q3 2021 was CNY 0.1512, down from CNY 0.2265 in the same quarter last year[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥694,853,758.60, an increase of 2.39% from the end of the previous year[3] - As of September 30, 2021, the company's total current assets amounted to RMB 491,378,064.50, an increase from RMB 472,859,505.25 at the end of 2020, reflecting a growth of approximately 1.08%[15] - The total liabilities amounted to CNY 29,397,169.63, slightly up from CNY 29,241,996.53 in the previous quarter[17] - The company's retained earnings increased to CNY 187,148,602.00, compared to CNY 173,310,153.22 in the previous year[17] Cash Flow - The company reported a net cash flow from operating activities of -¥3,715,670.94, which is a 64.40% increase in cash outflow compared to the previous year[3] - Cash inflow from operating activities totaled CNY 120,481,706.84, an increase from CNY 105,093,817.08 in the previous year[23] - The net cash flow from operating activities was -3,715,670.94 CNY, an improvement from -10,436,929.94 CNY in the same period last year[24] - The total cash and cash equivalents at the end of the period were 257,902,649.61 CNY, down from 393,615,815.34 CNY at the end of the same quarter last year[24] - The net cash flow from investment activities was -48,661,728.67 CNY, compared to a positive 91,330,224.56 CNY in the previous year[24] Investments and Expenses - Research and development expenses increased by 43.34% to ¥681.04 million, driven by the need to upgrade educational products[8] - Research and development expenses increased significantly to CNY 22,522,362.03, up 43.5% from CNY 15,711,997.06 in the previous year[19] - The company experienced a 50.00% increase in trading financial assets, amounting to ¥5,000,000, due to investments in bank wealth management products[7] Contractual Obligations - Contract liabilities surged by 373.67% to ¥380.39 million, indicating a significant increase in advance payments from sales contracts[7] - The company reported a significant increase in contract liabilities to CNY 4,821,892.46, up from CNY 1,017,990.47 year-on-year[19] Strategic Initiatives - The company is committed to enhancing educational technology solutions in response to the "double reduction" policy, focusing on AI and comprehensive solutions for K-12 education[13] - The company aims to improve classroom efficiency and student engagement through innovative educational tools and resources[13] - The company has not yet issued shares to specific targets despite receiving approval from the China Securities Regulatory Commission for such issuance[13] Audit and Reporting - The report for the third quarter was not audited[25]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥50,124,185.51, representing a 2.20% increase compared to ¥49,046,151.84 in the same period last year[19]. - The net profit attributable to shareholders decreased by 38.90% to ¥10,350,781.48 from ¥16,940,577.36 in the previous year[19]. - The net profit after deducting non-recurring gains and losses fell by 46.74% to ¥7,327,093.66 compared to ¥13,757,453.69 in the same period last year[19]. - Basic and diluted earnings per share both decreased by 40.00% to ¥0.06 from ¥0.10 in the same period last year[19]. - The weighted average return on equity dropped to 1.58%, down by 1.09% from 2.67% in the previous year[19]. - The company achieved operating revenue of 50.12 million yuan in the first half of 2021, representing a stable growth of 2.20% year-on-year[29]. - The net profit attributable to shareholders of the listed company was 10.35 million yuan, a decrease of 38.9% compared to the same period last year[29]. - The company reported a total profit of CNY 13,445,012.90, down 28.5% from CNY 18,763,619.78 in the previous year[159]. - The company’s total comprehensive income for the first half of 2021 was CNY 10,270,862.91, a decrease from CNY 16,906,113.27 in the previous year[160]. - The company reported a decrease in retained earnings by CNY 10,160,881.64 due to profit distribution[182]. Cash Flow and Investments - The net cash flow from operating activities was negative at -¥2,701,585.54, a decline of 574.16% from -¥400,736.52 in the previous year[19]. - The total cash inflow from investment activities was 141,317,141.66 CNY, while cash outflow was 170,559,438.97 CNY, resulting in a net cash flow from investment activities of -29,242,297.31 CNY[168]. - The company reported a cash balance of 278,336,166.37 CNY at the end of the first half of 2021, down from 319,510,759.17 CNY at the beginning of the period[168]. - The total cash outflow for operating activities was 77,402,216.92 CNY, compared to 65,767,035.10 CNY in the first half of 2020, reflecting increased operational expenses[168]. - The company incurred a net cash flow from financing activities of -9,230,709.95 CNY in the first half of 2021, compared to a positive cash flow of 4,304,082.70 CNY in the same period of 2020[168]. Assets and Liabilities - Total assets at the end of the reporting period were ¥670,001,821.75, a decrease of 1.28% from ¥678,658,437.04 at the end of the previous year[19]. - The total amount raised from fundraising was ¥22,799.72 million, with ¥586.13 million invested during the reporting period[67]. - The total liabilities and owner's equity at the end of the reporting period is CNY 650,456,593.47, indicating a solid financial position[181]. - Current liabilities decreased from CNY 29,241,996.53 to CNY 19,140,854.52, a reduction of about 34.7%[151]. - Non-current liabilities decreased from CNY 29,241,996.53 to CNY 404,373.76, a significant drop of approximately 98.6%[151]. Research and Development - Research and development investment surged by 81.71% to ¥14,030,058.10, up from ¥7,721,221.54 in the previous year, reflecting the company's commitment to innovation[55]. - The company continued to develop AI-based interactive proprietary courses to meet diverse learning needs of students[33]. - The company invested in talent acquisition and professional development to strengthen its workforce across key areas such as product, research, operations, and channels[33]. - Fangzhitech is focusing on expanding its product offerings beyond core subjects like English, Math, and Chinese, to include various disciplines such as Information Technology and Science, aiming for a balanced development across subjects[83]. - The company plans to enhance its research and development efforts, particularly in synchronous education services, to maintain its competitive edge in the rapidly evolving education technology landscape[84]. Market Strategy and Operations - The company enhanced its marketing channels by adopting a dual development model of direct sales and agency cooperation, focusing on major cities like Shenzhen, Guangzhou, and Beijing[31]. - The company has adopted a market strategy focusing on first-tier cities before expanding to second and third-tier cities and rural areas, aiming to capture higher market share[1]. - The company is focused on creating a comprehensive educational application ecosystem that connects various stakeholders, including teachers, students, and parents[46]. - The company plans to respond proactively to national policies that encourage online education and educational informationization, ensuring alignment with government directives[43]. - The company has established partnerships with leading firms like Huawei, Tencent, and Xiaomi to enhance digital education content operations and marketing[31]. Corporate Governance and Compliance - The company has not encountered any major changes in the feasibility of the adjusted projects[74]. - The company has not faced any environmental penalties and adheres strictly to environmental protection laws, indicating a commitment to corporate social responsibility[97]. - The company actively fulfills its corporate social responsibility, ensuring compliance with laws and regulations while creating value for shareholders[98]. - The company has made commitments to avoid conflicts of interest and ensure the protection of shareholder rights[101]. - The company has not reported any changes in accounting policies or prior period error corrections during this reporting period[185]. Shareholder Information - The total number of shareholders at the end of the reporting period was 20,788[134]. - The total number of shares before the change was 167,831,090, with 32.78% being restricted shares and 67.22% being unrestricted shares[129]. - The number of restricted shares decreased by 2,276,790, resulting in 52,744,639 restricted shares, which is 31.43% of the total[129]. - The number of unrestricted shares increased by 2,276,790, leading to a total of 115,086,451 unrestricted shares, which is 68.57% of the total[129]. - The company’s executives had a commitment to release 25% of their restricted shares annually, effective from January 1, 2021[130].

Online Education Growth - In 2020, the online education sector experienced explosive growth due to the COVID-19 pandemic, with significant user demand for online courses being met by the company[3]. - The company provided free access to its online teaching services and resources during the pandemic, enhancing its market penetration in the online education space[3]. - The online education market is experiencing explosive growth, with 265 million students transitioning to online courses due to the pandemic, leading to a substantial release of user demand[119]. - The online education market in China is projected to reach RMB 453.8 billion by 2020, driven by increasing user acceptance and the growing awareness of online payment for education[123]. - The online education market in third and fourth-tier cities is still in the early stages of development, presenting significant growth potential as user trust in online brands is cultivated[115]. Company Strategy and Ecosystem - The company is focused on building a comprehensive ecosystem through five key areas: product ecosystem development, intellectual property, operational platform, marketing channels, and talent acquisition[4]. - The company aims to strengthen its innovation capabilities and develop a rich array of teaching resources across multiple subjects and versions, including Chinese, English, and Mathematics[4]. - The company plans to implement a nationwide development strategy that leverages partnerships with leading enterprises in the education sector, such as Huawei and Alibaba, to maximize resource value and achieve cross-regional expansion[4]. - The company emphasizes a commitment to high-quality education and user-centric product development as its strategic direction[5]. - The company aims to build a multi-dimensional product ecosystem that integrates resources, platforms, and applications to create a comprehensive educational application ecosystem[129]. Financial Performance - The company's operating revenue for 2020 was ¥122,322,181.37, an increase of 12.21% compared to ¥109,014,398.01 in 2019[20]. - The net profit attributable to shareholders for 2020 was ¥31,193,368.73, a decrease of 3.09% from ¥32,187,455.63 in 2019[20]. - The net profit after deducting non-recurring gains and losses was ¥25,764,283.94, which represents a 31.59% increase from ¥19,579,416.11 in 2019[20]. - The total assets at the end of 2020 were ¥678,658,437.04, reflecting a 3.45% increase from ¥655,996,153.98 at the end of 2019[20]. - The company's total net assets attributable to shareholders increased by 3.64% to ¥649,420,166.17 at the end of 2020 from ¥626,606,170.21 at the end of 2019[20]. Product Development and Innovation - The company has established a resource management and operation platform that integrates artificial intelligence, big data, and cloud computing for educational applications[4]. - The company is actively expanding into online education, leveraging its strengths in synchronous learning and resource development[30]. - The company’s product development is centered on autonomous R&D, which is crucial for capturing market opportunities and gaining recognition from educators and parents[38]. - The company launched new products, including the "AI Interactive English Course" and "Mathematical Thinking Tutoring Course," enhancing its product ecosystem[88]. - The company completed the development and launch of the LinKid AI interactive courses, achieving full coverage for K6 users[139]. Market Expansion and Collaboration - The company is actively collaborating with major enterprises like Ping An, Huawei, Tencent, and Xiaomi to enhance its digital education content and marketing strategies[65]. - The company has identified significant market opportunities in underdeveloped regions, particularly in central and western China, where educational software services have not yet penetrated widely[41]. - The marketing strategy includes collaboration with major companies like Huawei, Tencent, and Alibaba to enhance service offerings and expand market reach over the next three years[130]. - The company aims to enhance user online learning experience and satisfaction to achieve online promotion, moving away from traditional offline marketing methods[112]. - The company recognizes the need to address challenges in online education, such as keeping up with teaching progress and maintaining classroom engagement[115]. Talent and Organizational Development - The company has a stable user base exceeding 60 million beneficiaries across over 100 cities in 30 provinces, focusing on high economic capability areas for market expansion[49]. - The company is focusing on talent acquisition and professional development, establishing clear goals and standards for specialized talent recruitment[140]. - The company has implemented a talent development system and housing support initiatives to enhance employee retention and competitiveness[68]. - The company is addressing the risk of talent loss by improving its talent acquisition and incentive mechanisms to retain core personnel[146]. - The company has a low turnover rate among middle and senior management, contributing to its stable and rapid development[50]. Dividend and Profit Distribution - The profit distribution plan for 2020 includes a cash dividend of 0.55 RMB per 10 shares, based on a total of 167,831,090 shares[9]. - The cash dividend for 2020 represents 29.59% of the consolidated net profit attributable to ordinary shareholders, which is RMB 31,193,368.73[157]. - The total distributable profit for the year 2020 was RMB 173,310,153.22, with the entire amount allocated for cash dividends[153]. - The company has maintained a consistent cash dividend policy, aligning with its long-term development strategy and shareholder return plans[152]. - The cash dividend distribution plan for 2020 is subject to approval at the annual general meeting[154]. Research and Development - Research and development expenses amounted to ¥26,905,680.97, which is 21.41% of total revenue, indicating a focus on innovation[88]. - The company has established a post-doctoral innovation practice base and a professional R&D team, enhancing its technological research capabilities and innovation[50]. - The number of R&D personnel increased to 111, representing 56.63% of the total workforce, reflecting a commitment to technological advancement[89]. - Continued investment in AI technology will focus on developing next-generation intelligent education products, leveraging the company's existing expertise in the K12 education sector[133]. - The company is committed to continuous R&D investment to maintain its competitive edge in the synchronous education sector[144]. Compliance and Governance - The company actively fulfills its corporate social responsibility by ensuring compliance with legal and regulatory requirements[200]. - The company ensures timely and accurate information disclosure to protect investor interests[200]. - The company has made commitments to avoid competition and not to occupy company funds by its major shareholders[162]. - The company has not reported any penalties or rectification situations during the reporting period[173]. - The company has not faced any delisting situations or bankruptcy reorganization matters during the reporting period[171].

Financial Performance - The company's operating revenue for Q1 2021 was ¥40,739,515.32, representing a 13.57% increase compared to ¥35,872,266.48 in the same period last year[8]. - Net profit attributable to shareholders was ¥15,618,161.39, up 14.99% from ¥13,582,045.36 year-on-year[8]. - Basic earnings per share rose to ¥0.09, reflecting a 12.50% increase from ¥0.08 in the same period last year[8]. - The company reported a total comprehensive income of CNY 15,584,448.82 for Q1 2021, compared to CNY 13,552,719.25 in the prior year, marking a growth of around 15.0%[62]. - Operating profit for Q1 2021 reached CNY 17,281,931.04, compared to CNY 14,855,172.14 in the same period last year, reflecting a growth of approximately 9.0%[61]. - Net profit for Q1 2021 was CNY 15,584,448.82, up from CNY 13,552,719.25, indicating an increase of about 15.0% year-over-year[61]. Cash Flow - The net cash flow from operating activities reached ¥2,467,502.57, a significant increase of 162,905.90% compared to a negative cash flow of ¥1,515.61 in the previous year[8]. - Cash inflow from operating activities for Q1 2021 was CNY 32,759,733.97, compared to CNY 27,953,680.88 in the previous year, showing an increase of approximately 17.0%[68]. - The company reported a total cash outflow from operating activities of ¥30,292,231.40, which was higher than the previous year's outflow of ¥27,955,196.49[69]. - The total cash and cash equivalents at the end of Q1 2021 stood at ¥322,697,180.00, compared to ¥251,638,814.50 at the end of Q1 2020, reflecting a year-over-year increase[70]. Assets and Liabilities - Total assets at the end of the reporting period were ¥699,894,655.81, an increase of 3.13% from ¥678,658,437.04 at the end of the previous year[8]. - The total liabilities amounted to CNY 34,893,766.48, up from CNY 29,241,996.53, which is an increase of approximately 19.1%[53]. - The equity attributable to shareholders increased to CNY 665,038,327.57 from CNY 649,420,166.17, representing a growth of about 2.9%[54]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,296[11]. - The top three shareholders held a combined 40.62% of the company's shares, with Huang Yuanzhong holding 17.17%, Huang Xiaofeng 13.01%, and Chen Keran 10.44%[11]. Research and Development - Research and development expenses rose by 2.84 million yuan, an increase of 80.38%, reflecting the company's commitment to enhancing online education product development[17]. - The company is increasing its R&D investment to strengthen its competitive position in synchronous education and improve the practicality and advancement of its educational technology products[29]. - The company has established a stable industry-university-research cooperation system with well-known domestic universities, enhancing its innovation capabilities through the establishment of a postdoctoral innovation practice base[29]. Market Strategy - The company is focusing on building a comprehensive product ecosystem, integrating core products across various subjects, and improving the smart education cloud platform[20]. - The company is actively expanding its marketing channels in major cities like Shenzhen, Guangzhou, and Beijing, while enhancing team training and service skills[21]. - The company is focusing on diversifying its product offerings by developing new subjects such as language and mathematics to mitigate the risk of customer concentration in major urban areas like the Pearl River Delta and Yangtze River Delta[28]. Government and Compliance - The company received government subsidies amounting to ¥1,176,936.82 during the reporting period[9]. - The company is committed to complying with national policies and regulations, continuously monitoring industry policy changes to mitigate risks[27]. Fundraising and Investments - The company has received approval from the China Securities Regulatory Commission for its stock issuance, which will help enhance its competitive strength and profitability in the intelligent teaching sector[36]. - The total amount of raised funds is CNY 227.9972 million, with CNY 4.485 million invested in the current quarter[42]. - The "Teaching and Research Cloud Platform" project has an adjusted investment total of CNY 45.8199 million, with 48.92% of the project completed by December 31, 2021[42]. - The company plans to use idle raised funds for cash management, with a limit of CNY 160 million for purchasing short-term bank financial products[45].