Financial Performance - Operating revenue for the reporting period was CNY 78,857,995.19, an increase of 4.09% year-on-year[9] - Net profit attributable to shareholders was CNY 11,053,342.55, representing a growth of 23.57% compared to the same period last year[9] - Basic earnings per share for the reporting period were CNY 0.04, an increase of 33.33% compared to the same period last year[9] - The company's operating revenue for Q3 2018 was CNY 254.39 million, a decrease of 3.37% compared to CNY 262.27 million in the same period last year[54] - The net profit for Q3 2018 was CNY 55.03 million, an increase of 7.8% from CNY 51.03 million in the previous year[55] - The total comprehensive income for Q3 2018 was CNY 55.03 million, compared to CNY 51.03 million in the previous year, reflecting a growth of 7.8%[55] - Net profit for the current period was ¥10,985,956.46, up from ¥7,680,847.62 in the previous period, indicating an increase of approximately 43.0%[43] - Total comprehensive income for the current period was ¥11,091,362.95, compared to ¥7,680,847.62 in the previous period, indicating an increase of approximately 44.0%[44] Cash Flow and Assets - The net cash flow from operating activities was CNY -51,535,904.97, a decrease of 20.67% year-on-year[9] - Cash and cash equivalents decreased by 68.26% compared to the beginning of the period, primarily due to the purchase of principal-protected financial products that have not yet matured[21] - The cash flow from operating activities showed a net outflow of CNY 51.54 million, worsening from a net outflow of CNY 42.71 million in the same period last year[56] - The net cash flow from investment activities was -¥517,720,417.64, a significant decrease compared to the previous year's net cash flow of ¥21,688,447.86[58] - The ending balance of cash and cash equivalents was ¥290,076,791.21, down from ¥917,226,545.44 at the beginning of the period[59] - The company experienced a decrease in cash and cash equivalents by ¥627,149,754.23 during the period, compared to a decrease of ¥89,930,246.09 in the previous period[58] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 27,617[13] - The top shareholder, Lu Wenxiong, held 9.48% of the shares, totaling 29,709,046 shares[13] Investments and Acquisitions - The company completed the acquisition of 41.5% equity in Tianji Data, making it a wholly-owned subsidiary, for a total consideration of RMB 8.85 million[23] - Long-term equity investments increased by 32.50% compared to the beginning of the period, due to increased investment in the joint venture Shenzhen Shanyan Data Technology Co., Ltd.[21] - Investment income surged to ¥7,672,721.45 from ¥416,494.70, a remarkable increase of approximately 1741.0%[43] Liabilities and Equity - Total liabilities decreased from 154,331,296.24 to 77,793,790.38, a reduction of approximately 49.6%[36] - Total equity increased from 1,371,405,752.97 to 1,389,615,608.50, reflecting a growth of about 1.3%[36] Expenses - Total operating costs increased to ¥75,529,627.34 from ¥71,522,431.78, reflecting a rise of about 5.6%[41] - Research and development expenses were ¥6,452,181.08, compared to ¥6,004,113.52 in the previous period, showing an increase of about 7.5%[41] - Sales expenses decreased to ¥4,116,866.72 from ¥5,120,678.67, a reduction of about 19.6%[41] - Management expenses decreased to ¥12,848,708.73 from ¥13,505,410.07, reflecting a decline of approximately 4.9%[41] Other Financial Metrics - The weighted average return on equity was 0.80%, down 31.03% from the previous year[9] - The company reported non-recurring gains of CNY 18,989,764.32 from the disposal of non-current assets[10] - The company reported a significant increase of 85.52% in asset disposal gains compared to the same period last year, due to increased gains from the disposal of non-current assets[21] - Minority interests increased by 68.54% compared to the same period last year, mainly due to resource integration and the cancellation of the loss-making subsidiary Zhuozhi Lian[25]

Financial Performance - Total revenue for the reporting period was ¥175,406,732.16, a decrease of 8.18% compared to the same period last year[25]. - Net profit attributable to shareholders was ¥39,006,912.73, down 9.18% year-over-year[25]. - Net profit after deducting non-recurring gains and losses was ¥15,317,170.28, reflecting a decline of 24.87% compared to the previous year[25]. - The net cash flow from operating activities was -¥39,490,928.45, a decrease of 49.39% from the same period last year[25]. - Basic earnings per share decreased by 25.00% to ¥0.12 from ¥0.16 in the previous year[25]. - Total assets at the end of the reporting period were ¥1,492,846,239.43, down 2.16% from the end of the previous year[25]. - Net assets attributable to shareholders increased by 0.67% to ¥1,378,270,249.54 compared to the end of the previous year[25]. - The company achieved operating revenue of ¥175,406,732.16, a decrease of 8.18% compared to the same period last year[53]. - The company reported a significant increase in investment cash flow, which was -¥608,217,984.45, a drastic change of 4,712.18% from -¥12,639,123.67 in the previous year[63]. - The gross profit margin for IT support and maintenance services was 41.20%, down 14.77% from the previous year[65]. Research and Development - The company has invested heavily in R&D for cloud computing and big data, resulting in products like PCloud, DCOS, PBData, and PhegData[10]. - The company is committed to maintaining its technological advantages through continuous R&D efforts[10]. - The company plans to enhance R&D and market investments, focusing on optimizing products and solutions based on user industry needs[45]. - The company has developed the PBData database integrated machine to meet the growing demand for structured data and cloud computing[38]. - PriData, a private cloud platform developed by the company, simplifies IT operations and shortens IT lifecycle[39]. Competition and Market Risks - The company faces risks from increased competition in the IT market due to the adoption of open-source technologies by major players like Google and Facebook[7]. - The company is experiencing market acceptance uncertainty for new products, which may impact future business performance[10]. - The company is facing intense competition from domestic rivals like Huawei, which may lead to price wars and further pressure on profit margins[10]. - The company acknowledges the risk of potential bad debts exceeding provisions due to the growth in accounts receivable[12]. - The company faces risks of fluctuating gross margins due to rising labor costs and market environment impacts, leading to a decline in gross margins[107]. Cash Flow and Investments - The total amount of cash and cash equivalents at the end of the reporting period was ¥216,857,429.91, a decrease of 8.89% from ¥219,852,118.15 at the end of the previous year[72]. - The company invested ¥3,000,000.00 during the reporting period, a decrease of 25.00% compared to ¥4,000,000.00 in the previous year[74]. - The company has utilized RMB 3,640 million to acquire 60% equity in Shanghai Fushenlan Information Technology Co., Ltd., achieving a 100% completion rate[80]. - The company has emphasized the need for careful preparation before investing raised funds to protect shareholder interests[81]. - The company engaged in entrusted financial management with a total amount of RMB 84,439,000, including RMB 30 million from raised funds, with no overdue amounts[91]. Corporate Governance and Management - The company has implemented measures to improve management quality, including enhancing corporate governance and internal controls[109]. - The company has terminated its 2016 restricted stock incentive plan, resulting in the repurchase and cancellation of 3,015,000 shares of unvested restricted stock[126]. - The company did not distribute cash dividends or bonus shares for the half-year period[117]. - The company has not encountered any major litigation or arbitration matters during the reporting period[122]. - The company is undergoing a strategic transformation to adapt to market changes, which has increased management complexity and requirements[108]. Strategic Initiatives - The company aims to strengthen its sales force and actively participate in industry associations to increase its visibility and influence[45]. - The company has established strategic partnerships with domestic manufacturers to develop cloud computing data center products using independently designed domestic chips[56]. - The company actively participated in the formulation of industry standards and received recognition as a key unit in the development and application of national information technology standards[57]. - The company is focusing on enhancing its core technology capabilities to strengthen its competitive edge in the market[147]. - The company’s future development strategy includes further acquisitions and resource optimization to support growth[147]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 27,986[160]. - The largest shareholder, Lu Wenxiong, holds 9.48% of the shares, totaling 29,709,046 shares, with a decrease of 6,325,000 shares during the reporting period[160]. - The second-largest shareholder, Su Bo, holds 4.57% of the shares, totaling 14,339,622 shares, with no change during the reporting period[160]. - The total number of restricted shares at the end of the period was 96,336,852[158]. - The company has a stock incentive plan that allows for a 25% annual unlock of executive restricted shares[160].

Financial Performance - Total revenue for Q1 2018 was ¥75,989,955.81, a decrease of 3.74% compared to ¥78,943,914.90 in the same period last year[9] - Net profit attributable to shareholders was ¥6,330,893.51, representing a 1.37% increase from ¥6,245,195.60 year-on-year[9] - Net profit excluding non-recurring items decreased by 17.28% to ¥3,775,801.45 from ¥4,564,327.06 in the previous year[9] - Operating profit increased by 67.3% to RMB 5,678,158.68 year-on-year[29] - Total profit rose by 24.02% to RMB 6,656,362.86 compared to the previous year[29] - The net cash flow from operating activities was -¥26,875,326.49, a decline of 9.50% compared to -¥24,543,444.35 in the same period last year[9] - The company reported a significant increase in financial expenses, with a net financial income of -¥2,872,250.48 compared to -¥641,917.82 in the previous year[75] - The net cash flow from operating activities was -42,432,788.75, a decrease from -20,296,412.32 in the previous period, indicating a worsening cash flow situation[83] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,519,299,689.11, down 0.42% from ¥1,525,737,049.21 at the end of the previous year[9] - The company's total assets at the end of Q1 2018 were CNY 1,515,929,818.47, slightly down from CNY 1,522,035,408.34 at the beginning of the period[68] - The total liabilities decreased to CNY 119,062,221.11 from CNY 133,362,675.68, indicating a reduction of approximately 10.7%[68] - The equity attributable to shareholders of the parent company increased to CNY 1,396,867,597.36 from CNY 1,388,672,732.66, showing a growth of 0.6%[68] Cash Flow - Cash and cash equivalents decreased from RMB 917,682,726.17 to RMB 650,378,227.23[62] - The cash flow from investing activities resulted in a net outflow of ¥240,608,463.72, significantly higher than the outflow of ¥13,651,956.84 in the same period last year[80] - The ending balance of cash and cash equivalents was 608,824,133.15, a decrease from 888,745,916.30 at the beginning of the period[84] - Total cash inflow from operating activities was 65,106,391.13, down from 67,229,034.57, while cash outflow increased to 107,539,179.88 from 87,525,446.89[83] Investments and R&D - The company has invested significantly in R&D for new products such as PCloud and DCOS, indicating a focus on cloud computing and big data[13] - The company is continuously investing in R&D for the elastic intelligent data center project based on container technology[30] - The company is actively exploring industry applications of artificial intelligence and the Internet of Things, enhancing related technology accumulation and productization of solutions[30] - The company aims to achieve market leadership in the emerging software-defined storage sector through sustained R&D and market promotion efforts[30] Shareholder and Corporate Governance - The number of ordinary shareholders at the end of the reporting period was 28,845, with the largest shareholder holding 11.39% of the shares[18] - The company reported a commitment to avoid any improper benefits through related transactions, ensuring compliance with market principles and fair pricing[35] - The company has established written agreements for related transactions, adhering to necessary legal procedures and corporate governance[36] - The actual controller and major shareholders have committed to not engaging in any fund occupation or improper transactions since July 2008, with no violations reported as of the report date[37] - The company aims to maintain stock price stability and investor confidence, with major shareholders having completed share buybacks as of July 2015[39] Risks and Challenges - Risks include intensified competition in the IT market and potential fluctuations in gross margin due to rising labor costs and market conditions[12] - The company reported a significant amount of accounts receivable, which may pose risks if not managed properly, although the customer base is generally reliable[16] Fundraising and Project Progress - The total amount of raised funds for the quarter is 90,618.27 million RMB, with a cumulative investment of 49,505.18 million RMB[51] - The company has completed 100% of the investment progress for the IT infrastructure support and maintenance service project, with an investment amount of 4,595.3 million RMB[51] - The acquisition of 60% equity in Fushenlan was completed with an investment of 3,640 million RMB, achieving 100% of the planned investment[52] - The company has decided to terminate the IT infrastructure support and maintenance service project, with a remaining balance of 49.047 million RMB for the project[52]

Financial Performance - The company's operating revenue for 2017 was ¥359,535,979.29, a decrease of 13.83% compared to ¥417,224,083.22 in 2016[24]. - Net profit attributable to shareholders was ¥54,954,319.42, down 4.88% from ¥57,773,537.53 in the previous year[24]. - The net profit after deducting non-recurring gains and losses was ¥26,673,564.09, a significant decline of 44.39% from ¥47,961,245.21 in 2016[24]. - The net cash flow from operating activities was ¥46,011,344.92, which represents a decrease of 17.12% compared to ¥55,513,809.30 in 2016[24]. - Total assets at the end of 2017 reached ¥1,525,737,049.21, an increase of 52.68% from ¥999,302,513.37 at the end of 2016[24]. - The net assets attributable to shareholders increased by 86.61% to ¥1,369,081,119.65 from ¥733,644,892.34 in 2016[24]. - The basic earnings per share for 2017 was ¥0.20, down 9.09% from ¥0.22 in 2016[24]. - The company reported a quarterly revenue of ¥112,084,906.95 in Q2 2017, which was the highest among the four quarters[26]. - The total revenue for the company in 2017 was ¥359,535,979.29, representing a decrease of 13.83% compared to ¥417,224,083.22 in 2016[65]. - Revenue from the telecommunications sector increased by 37.71% to ¥166,255,880.50, while revenue from the financial sector decreased by 36.54% to ¥75,692,780.09[65]. - The company's IT support and maintenance services generated ¥146,910,423.70, accounting for 40.86% of total revenue, with a slight increase of 0.57% year-over-year[68]. Investment and R&D - The company reported significant investments in R&D for cloud computing and big data, resulting in products like PCloud, DCOS, PBData, and PhegData[10]. - Research and development (R&D) investment amounted to ¥37,466,671.16, representing 10.42% of operating revenue, with a decrease in R&D personnel to 225, down from 298 in the previous year[78]. - The company has obtained one new invention patent and 12 new software copyrights during the reporting period, enhancing its intellectual property portfolio[47][48]. - The company developed the PBData database cloud platform, which reduces deployment time by 65% and offers performance up to 7 times better than traditional architectures[39]. - The company’s PriData private cloud platform simplifies IT operations and shortens IT lifecycle, enhancing resource delivery[40]. - The company’s PhegData big data cloud platform supports massive scale-out capabilities to meet growing business demands[40]. Market Competition and Risks - The company faces risks from increased competition in the IT market due to the adoption of open-source technologies by major players like Google and Facebook[7]. - Labor costs are rising, leading to fluctuations in gross margin, which is further impacted by market conditions and the company's innovative business expansion[9]. - The company is experiencing intense competition in the storage market, particularly from Huawei, which may lead to price wars and declining gross margins[10]. - Future business expansion may be hindered by the uncertain acceptance of new products and solutions in the market[10]. - The company emphasizes the importance of keeping pace with rapid IT developments to avoid obsolescence in the market[8]. - The company has a high level of accounts receivable, primarily from provincial operators and financially strong enterprises, but there is a risk of bad debts exceeding provisions[13]. Profit Distribution - The profit distribution plan includes a cash dividend of 0.70 RMB per 10 shares and no bonus shares, based on a total share capital of 316,472,493 shares[13]. - The company distributed cash dividends of RMB 21,942,024.51 for the year 2017, representing 39.93% of the net profit attributable to ordinary shareholders[136]. - The cash dividend per share for 2017 was RMB 0.7, based on a total share capital of 316,472,493 shares after deducting 3,015,000 restricted shares[134]. - The cash dividends for 2016 amounted to RMB 13,581,369.75, which was 23.51% of the net profit attributable to ordinary shareholders[136]. - The cash dividends for 2015 were RMB 9,378,043.44, accounting for 20.70% of the net profit attributable to ordinary shareholders[136]. - The company has maintained a cash dividend policy that ensures at least 20% of profits are distributed as cash dividends during significant capital expenditure phases[132]. - The company’s total distributable profit for the reporting period was RMB 49,458,887.49, with cash dividends constituting 100% of the profit distribution[132]. Corporate Governance and Compliance - The board of directors has confirmed the accuracy and completeness of the financial report, ensuring accountability for the information presented[5]. - The independent directors fulfilled their responsibilities in the profit distribution decision-making process, ensuring the interests of all shareholders were protected[130]. - The company has established strict procedures for related party transactions to ensure fairness and compliance with regulations[140]. - There were no violations of commitments regarding related party transactions as of the report date[139]. - The company has committed to not using related party transactions to gain any improper benefits[140]. - The company has ensured that all related party transactions are conducted at fair market prices or according to government pricing when applicable[139]. - The company has a clear policy to avoid any financial occupation or borrowing from itself by its actual controller or major shareholders[139]. - The company has maintained a commitment to transparency and compliance in all its financial dealings[138]. Strategic Partnerships and Market Position - The company established a strategic cooperation with Dameng Database to promote integrated IT services and products[53]. - The company is actively exploring new product sales models and seeking external development strategies to optimize resource integration[41]. - The company is focused on optimizing its asset management and enhancing operational efficiency through strategic partnerships and investments[103]. - The company plans to continue expanding its market presence and exploring new technology developments to drive future growth[103]. - The company has established a strong presence in the cloud computing market, which is becoming a vital support for the digital economy[114]. Shareholder Commitments and Stock Management - The company reported a commitment from major shareholders to increase their holdings, with specific amounts including RMB 8 million from Du Liyun and RMB 9 million from Chen Hongke[144]. - The total amount for share repurchase commitments from key executives is not less than RMB 1 million each, aimed at stabilizing the company's stock price[145]. - The company has committed to not reducing their holdings for six months after the repurchase, ensuring investor confidence[145]. - The company aims to protect investor interests and maintain stock price stability through active measures[145]. - The company has outlined a strategy for market expansion and shareholder engagement through stock repurchase initiatives[145].

Financial Performance - Operating revenue for the reporting period was CNY 75,762,487.04, down 24.17% year-on-year, and CNY 266,791,308.89 for the year-to-date, a decrease of 17.99%[8] - Net profit attributable to shareholders for the reporting period was CNY 8,945,277.46, a decline of 17.27% year-on-year, while year-to-date net profit was CNY 51,895,224.85, an increase of 3.97%[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 4,467,947.34, down 54.17% year-on-year, and CNY 24,856,808.50 year-to-date, a decrease of 25.40%[8] - Basic earnings per share for the reporting period were CNY 0.0334, a decrease of 16.71% year-on-year, while diluted earnings per share were CNY 0.0330, down 17.71%[8] - The weighted average return on equity was 1.16%, a decrease of 20.00% compared to the previous year[8] - Total operating revenue for Q3 2017 was CNY 75,762,487.04, a decrease from CNY 99,912,148.53 in the previous period[37] - Net profit for Q3 2017 reached CNY 7,680,847.62, compared to CNY 7,064,485.82 in the same period last year, reflecting an increase of approximately 8.7%[38] - The net profit attributable to shareholders of the parent company was CNY 8,945,277.46, down from CNY 10,812,066.34, indicating a decline of about 17.3%[38] - Earnings per share for Q3 2017 were CNY 0.0334, compared to CNY 0.0401 in the previous year[39] - The company reported an investment income of CNY 416,494.70, compared to a loss of CNY 66,750.65 in the previous period[38] Assets and Liabilities - Total assets at the end of the reporting period were CNY 938,751,308.26, a decrease of 6.06% compared to the end of the previous year[8] - Current assets totaled CNY 520,520,865.88, down from CNY 573,203,829.25, indicating a decline of approximately 9.2%[29] - Cash and cash equivalents were CNY 230,399,912.26, compared to CNY 321,447,754.59 at the beginning of the period, reflecting a decrease of about 28.4%[29] - Total liabilities decreased to CNY 145,527,574.73 from CNY 240,601,629.34, a reduction of about 39.4%[31] - The company's equity attributable to shareholders rose to CNY 774,237,976.94 from CNY 733,644,892.34, an increase of approximately 5.5%[32] - The non-current assets totaled CNY 418,230,442.38, slightly down from CNY 426,098,684.12, indicating a decrease of about 1.6%[30] - Total liabilities amounted to CNY 143,256,397.79, a decrease from CNY 213,390,001.37 year-over-year[38] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY -42,706,607.64, an increase of 34.44%[8] - Net cash flow from operating activities increased by 34.44% compared to the same period last year, mainly due to increased sales collections and reduced labor costs and expenses[19] - Operating cash inflow for the third quarter was CNY 258,307,235.58, an increase of 17.4% compared to CNY 219,857,803.02 in the previous period[55] - Net cash flow from operating activities was -CNY 33,876,098.71, an improvement from -CNY 41,767,463.97 in the same period last year[55] - Net cash flow from investment activities was CNY 24,399,869.12, a significant recovery from -CNY 113,273,803.31 in the previous year[55] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 34,577[12] - The largest shareholder, Lu Wenxiong, held 15.30% of the shares, amounting to 41,454,046 shares[12] Other Financial Metrics - The company reported non-recurring gains totaling CNY 27,038,416.35 for the year-to-date[9] - Accounts receivable decreased by 89.63% compared to the beginning of the year, mainly due to the settlement of bank acceptance bills[18] - Prepaid accounts increased by 43.21% compared to the beginning of the year, primarily due to an increase in procurement prepayments related to operations[18] - Interest receivable increased by 406.86% compared to the beginning of the year, attributed to a longer duration of time for term deposits compared to the same period last year[18] - Long-term equity investments decreased by 35.25% compared to the beginning of the year, due to the disposal of 19% equity in Fushenlan and 60% equity in Tieta Technology[18] - The company's intangible assets increased by 43.38% compared to the beginning of the year, mainly due to the capitalization of R&D achievements[18] - The company's deferred income increased by 59.92% compared to the beginning of the year, due to an increase in government subsidy projects that have not yet been accepted[18]

Financial Performance - Total revenue for the reporting period was ¥191,028,821.85, a decrease of 15.25% compared to ¥225,412,114.71 in the same period last year[22]. - Net profit attributable to shareholders was ¥42,949,947.39, an increase of 9.84% from ¥39,103,185.98 year-over-year[22]. - Net profit after deducting non-recurring gains and losses was ¥20,388,861.16, down 13.49% from ¥23,568,451.04 in the previous year[22]. - The net cash flow from operating activities improved to -¥26,434,218.81, a 55.40% increase compared to -¥59,276,149.67 in the same period last year[22]. - Basic earnings per share increased by 13.21% to ¥0.1603 from ¥0.1416 year-over-year[22]. - Total assets at the end of the reporting period were ¥938,850,070.17, a decrease of 6.05% from ¥999,302,513.37 at the end of the previous year[22]. - Net assets attributable to shareholders increased by 4.22% to ¥764,638,040.26 from ¥733,644,892.34 at the end of the previous year[22]. - The company achieved operating revenue of ¥191,028,821.85, a year-on-year decrease of 15.25%[52]. - Net profit attributable to shareholders increased by 9.84% to ¥42,949,947.39, while net profit excluding non-recurring gains and losses decreased by 13.49% to ¥20,388,861.16[52]. Investments and R&D - The company reported significant investments in R&D for cloud computing and big data, resulting in products like PCloud and DCOS[9]. - R&D investment increased by 1.28% to ¥18,046,919.74, with a focus on enhancing product structure and innovation[58]. - The company has developed the PBData database integrated machine to meet the growing demand for structured data and cloud computing[33]. - PBData features a 65% reduction in deployment time and performance that can exceed traditional architectures by up to 7 times[35][36]. - PriData and PhegData are proprietary cloud platforms developed by the company, enhancing IT resource delivery and management capabilities[40]. - The company is actively exploring new sales models for its products while optimizing resource integration for sustainable growth[41]. Market and Competition - The company faces risks from increased competition in the IT market due to the adoption of open-source technologies by major players like Google and Facebook[6]. - The company acknowledges the risk of declining gross margins due to intense competition from domestic rivals like Huawei[9]. - The company recognizes the potential impact of new domestic competitors like Huawei on its market expansion efforts and is committed to improving service quality and customer satisfaction[102]. - The company emphasizes the importance of keeping pace with rapid technological advancements to avoid obsolescence[6]. Financial Management and Strategy - The company plans to not distribute cash dividends or issue bonus shares for the reporting period[12]. - The company plans to mitigate risks associated with increasing accounts receivable by enhancing management and monitoring of receivables to ensure cash flow stability[103]. - The company aims to enhance its market share through innovative products and strengthened collaboration with existing customers[43]. - The company is focused on ensuring compliance with social insurance and housing fund contributions to avoid penalties and liabilities[112]. - The company aims to maintain stock price stability and protect investor interests through active measures, including share repurchases[114]. Asset Management - The company plans to sell 19% of its stake in Shanghai Fushenlan Software Co., Ltd. for a total of RMB 34.2 million, optimizing its asset structure[45]. - The company has acquired one new patent and five software copyrights during the reporting period, enhancing its intellectual property portfolio[46][47]. - The company has registered eight new trademarks, further solidifying its brand presence in the market[48][49]. - The company has committed to investing in several projects, with a total commitment of 18,600 million RMB, of which 11,262.0 million RMB has been invested[69]. Compliance and Governance - The company has not reported any changes in its registration status during the reporting period[21]. - The company confirmed that there were no violations of commitments regarding related party transactions, ensuring no improper benefits were obtained through such transactions[109]. - The company has made commitments to avoid related party transactions and conflicts of interest[116]. - The company has not engaged in any competitive activities with its major shareholders or their relatives[117]. Shareholder Information - The total number of shareholders at the end of the reporting period is 32,828[156]. - The largest shareholder, Lu Wenxiong, holds 15.26% of the shares, totaling 41,454,046 shares, with a decrease of 5,430,000 shares during the reporting period[157]. - The second-largest shareholder, Lou Ye, holds 5.02% of the shares, totaling 13,624,365 shares, with no change in holdings[157]. - The company has a total of 69,102,276 restricted shares at the beginning of the period, with 3,558,400 shares released and 150,000 shares added, resulting in 65,693,876 restricted shares at the end of the period[154]. Operational Efficiency - The company reported a significant decrease in operating costs by 16.49% to ¥116,361,147.72[57]. - The company completed all planned projects related to IT infrastructure support and maintenance services, IT management outsourcing services, and innovative data center services, achieving expected benefits[70]. - The company aims to enhance operational efficiency and financial health through strategic asset sales and partnerships[78].

Financial Performance - Total revenue for Q1 2017 was ¥78,943,914.90, a decrease of 7.64% compared to ¥85,470,669.58 in the same period last year[9]. - Net profit attributable to shareholders was ¥6,245,195.60, down 3.67% from ¥6,483,155.44 year-on-year[9]. - Basic earnings per share decreased by 2.10% to ¥0.0233 from ¥0.0238 in the same period last year[9]. - The company reported a revenue of RMB 78.94 million for Q1 2017, a decrease of 7.64% compared to the same period last year[28]. - The net profit attributable to shareholders was RMB 6.25 million, down 3.67% year-on-year[28]. - The company reported a decrease in management expenses to CNY 18,327,031.12 from CNY 20,785,820.68 year-over-year[71]. - The total comprehensive income for Q1 2017 was CNY 3,894,353.79, compared to CNY 3,769,331.17 in the same period last year[72]. Cash Flow and Assets - Net cash flow from operating activities improved to -¥24,543,444.35, a 65.36% increase compared to -¥70,853,888.75 in the previous year[9]. - The total amount of prepaid accounts increased by 84.80% compared to the beginning of the year, mainly due to increased operating-related prepayments[26]. - The company experienced a 100% decrease in short-term borrowings, primarily due to repayment of loans[26]. - The cash flow from financing activities decreased by 498.61% year-on-year, mainly due to the repurchase of restricted stock and repayment of short-term loans[27]. - The company reported a cash flow from operating activities net amount of negative CNY 20,296,412.32, an improvement from negative CNY 49,211,509.24 in the previous period[81]. - The ending cash and cash equivalents balance was CNY 259,996,482.33, down from CNY 328,539,116.78 in the previous period[80]. - Total current assets decreased from 573,203,829.25 to 518,026,672.46, a decline of approximately 9.6%[62]. - Cash and cash equivalents decreased from 321,447,754.59 to 261,548,369.14, representing a reduction of about 18.6%[62]. Investments and R&D - The company has invested significantly in R&D for cloud computing and big data, resulting in products like PCloud and DCOS[13]. - The company plans to enhance R&D investment and talent acquisition, focusing on the localization of IT infrastructure and supporting the transformation of the financial industry[28]. - The company aims to leverage advanced technologies such as cloud computing and big data to continuously launch innovative products[28]. - The company has launched three new cloud platform products, including PBData II, PhegData X series, and PriData, targeting various market needs and has signed multiple orders with large and medium-sized enterprises in telecommunications, finance, and government sectors[30]. Shareholder Information - The company has a total of 34,488 common shareholders at the end of the reporting period[17]. - The largest shareholder, Lu Wenxiong, holds 17.11% of the shares, amounting to 46,884,046 shares[18]. - The controlling shareholder, Lu Wenxiong, has completed the commitment not to transfer shares for 36 months post-IPO, which ended on July 21, 2014[40]. - Shareholder Chen Hongke has also fulfilled the commitment not to transfer shares for 24 months post-IPO, which ended on July 19, 2013[41]. Risks and Challenges - Risks include intensified competition due to market transformation and potential fluctuations in gross margin due to rising labor costs[12][13]. - The company faces risks from intensified competition in the IT market due to the ongoing transformation towards cloud computing, which may impact its market position[31]. - The company is addressing the risk of fluctuating gross margins due to rising labor costs and market conditions by controlling costs and expanding its scale[35]. Compliance and Commitments - The company has committed to ensuring that all transactions with related parties are conducted at fair market prices and in compliance with legal procedures[42]. - The company has implemented measures to prevent the misuse of its funds by related parties, ensuring strict adherence to market principles[42]. - The company has reported a commitment to not engage in any improper fund occupation since July 2008, ensuring compliance with legal regulations[43]. - The company has established a commitment to not engage in unfair transactions that could harm its interests[45]. Future Plans - The company will actively explore new business areas and create new profit growth points through horizontal and vertical expansion in the capital market[28]. - The company plans to increase stock purchases by major shareholders and executives, with specific amounts including RMB 8 million, RMB 9 million, and RMB 8 million from different directors[47]. - The total amount committed for stock purchases by executives is not less than RMB 1 million each, aimed at stabilizing the stock price and protecting investor interests[48].

Financial Performance - The company's operating revenue for 2016 was ¥417,224,083.22, representing a 5.63% increase compared to ¥394,995,623.83 in 2015[22]. - The net profit attributable to shareholders for 2016 was ¥57,773,537.53, a 27.53% increase from ¥45,302,096.37 in 2015[22]. - The net profit after deducting non-recurring gains and losses was ¥47,961,245.21, up 34.67% from ¥35,614,528.14 in 2015[22]. - The net cash flow from operating activities increased by 63.41% to ¥55,513,809.30 from ¥33,971,725.75 in 2015[22]. - The total assets at the end of 2016 reached ¥999,302,513.37, a 22.48% increase from ¥815,914,970.23 at the end of 2015[22]. - The net assets attributable to shareholders increased by 7.47% to ¥733,644,892.34 from ¥682,640,534.45 at the end of 2015[22]. - The basic earnings per share for 2016 was ¥0.22, a 29.41% increase from ¥0.17 in 2015[22]. - The total distributable profit for 2016 was RMB 318,850,947.14, with cash dividends accounting for 100% of the profit distribution[150]. - The company reported a significant increase in cash inflow from financing activities, which rose by 1,576.94% to ¥95,585,800.00 in 2016[90]. Research and Development - The company reported a significant investment in R&D for cloud computing and big data, resulting in products like PCloud and DCOS, indicating a focus on innovation[10]. - The company's R&D investment for 2016 amounted to ¥48,196,986.41, representing 11.55% of total revenue, an increase from 11.08% in 2015[89]. - The number of R&D personnel increased to 298 in 2016, accounting for 36.79% of the total workforce, up from 19.73% in 2015[89]. - The company has ongoing R&D projects such as the cloud data center operating system and the hyper-converged storage integration platform, both at 75% completion[89]. - The company has applied for six patents, with one already accepted, indicating a focus on innovation and intellectual property[54]. - The company has developed multiple new patents, including a distributed high-performance database system and a heterogeneous disaster recovery device for Oracle Exadata[55]. - The company is focused on continuous innovation, as evidenced by the filing of multiple patents related to cloud environment applications and intelligent resource management systems[55]. Market Position and Competition - The company faces risks from increased competition in the IT market due to the adoption of open-source technologies by major players like Google and Facebook[7]. - The competitive landscape includes major domestic players like Huawei, which may lead to pressure on gross margins[10]. - The company acknowledges the risk of new products not being widely accepted in the market, which could adversely affect operational performance[10]. - The company is adapting to a rapidly changing IT environment, emphasizing the need to keep pace with technological advancements to avoid obsolescence[7]. - The company aims to enhance its market position and core competitiveness through optimized industry chain layout and management capabilities[135]. - The company’s market share in the database cloud platform segment has been steadily increasing, with a competitive position established in the software-defined storage market[66]. Strategic Initiatives - The company plans to distribute a cash dividend of 0.50 yuan per 10 shares, based on a total of 271,627,395 shares[12]. - The company is actively exploring new product sales models and seeking external development strategies to ensure sustainable and rapid growth[43]. - The company aims to become a provider of IT infrastructure services, software-defined products, and cloud computing solutions, focusing on the domestic market[49]. - The company plans to raise up to ¥603.03 million through a private placement to fund projects including smart data centers and R&D centers, which was approved by the CSRC in March 2017[65]. - The company has established a strategic partnership with Intel to jointly develop cloud data center technologies, aiming to accelerate IT architecture evolution[73]. - The company plans to strengthen its core competitiveness through strategic investments and acquisitions, focusing on synergistic target companies[135]. Risks and Challenges - Labor costs are rising, leading to fluctuations in gross margin, which is further impacted by market conditions and the cost of spare parts[9]. - The company has a high level of accounts receivable, primarily from provincial operators and financially strong enterprises, but there is a risk of bad debts exceeding provisions[11]. - The company acknowledges potential fluctuations in gross margin due to rising labor costs and market conditions affecting spare parts costs[139]. - The company faces risks from increased competition in the IT market due to rapid technological changes and the emergence of new business models[138]. Corporate Governance and Compliance - The company has fulfilled all commitments made by its controlling shareholders and related parties during the reporting period[156]. - The actual controller and major shareholders have committed to avoid any illegal occupation of funds from Tianji Technology since July 2008, ensuring no borrowing or debt repayment violations[159]. - The company has established a commitment to strictly adhere to market principles in all transactions with related parties, ensuring fairness and compliance with government pricing where applicable[158]. - The company has not engaged in any related party transactions that could harm its interests, ensuring compliance with regulatory requirements[162]. Subsidiaries and Investments - The company completed the transfer of 31% equity in Shanghai Fushenlan Software Technology Co., Ltd. for RMB 37.2 million, reducing its stake to 29% and removing it from the consolidated financial statements[165]. - The company’s subsidiary, Shanghai Lingzhuo Enterprise Management Consulting Co., generated a net profit of CNY 341,390.84[106]. - The company’s subsidiary, Beijing Tianji Lituo Information Technology Co., reported a net profit of CNY 1,716,506.29[106]. - The company’s subsidiary, Shanghai Tianji Data Technology, had a net loss of CNY 5,343,345.41[106]. - The company’s subsidiary, Jipin Data Systems (USA), reported a net loss of $32,631.66[106]. - The company’s subsidiary, Jipin Data Systems (Hong Kong), also reported a net loss of $32,631.66[106]. Shareholder Actions - The company distributed cash dividends of RMB 0.35 per share, totaling RMB 9,378,102.83, based on a total share capital of 267,945,795 shares[148]. - The company proposed a cash dividend of RMB 0.5 per 10 shares, totaling RMB 13,581,369.75 for the 2016 fiscal year, which represents 23.51% of the net profit attributable to shareholders[150]. - The company has consistently maintained a policy of cash dividends without stock bonuses in the last three fiscal years[155]. - The stock incentive plan involved granting 7.145 million restricted shares to 155 participants, with a grant date of April 22, 2016[171].

Financial Performance - Total operating revenue for the reporting period was ¥99,912,148.53, reflecting a growth of 3.92% compared to the same period last year[9]. - Net profit attributable to shareholders of the listed company was ¥10,812,066.34, representing a year-on-year increase of 13.44%[9]. - The basic earnings per share for the reporting period was ¥0.0401, an increase of 14.90% year-on-year[9]. - The company achieved operating revenue of ¥325,324,263.24 in the first three quarters, representing a year-on-year growth of 12.34%[29]. - The net profit attributable to shareholders reached ¥49,915,252.32, an increase of 39.23% compared to the same period last year[29]. - The company's operating revenue for the current period reached ¥98,570,100.81, an increase from ¥76,328,381.40 in the previous period[68]. - The net profit for the current period was ¥13,651,356.06, slightly down from ¥13,855,976.51 in the previous period, indicating a decrease of approximately 1.5%[69]. - The total comprehensive income attributable to the parent company's owners was ¥10,826,448.52, up from ¥9,633,139.03 in the previous period, marking an increase of approximately 12.4%[69]. - The total profit amounted to ¥72,206,316.23, up 48.5% from ¥48,625,777.59 in the previous period[75]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥937,532,956.80, an increase of 14.91% compared to the previous year[9]. - Net assets attributable to shareholders of the listed company were ¥806,179,324.02, up 18.10% year-on-year[9]. - Accounts receivable increased by 51.03% compared to the beginning of the year, and by 25.91% year-on-year, mainly due to increased contract revenue and reduced collections[27]. - The company's total liabilities were CNY 87,310,028.53, a decrease from CNY 99,424,354.65[62]. - The company's total assets increased from CNY 815.91 million to CNY 937.53 million, reflecting a growth of about 15%[57]. Cash Flow - The company reported a net cash flow from operating activities of -¥65,139,551.98, a decline of 151.48% compared to the previous year[9]. - Net cash flow from operating activities decreased by 151.48% year-on-year, mainly due to reduced sales collections and increased procurement and personnel expenses[28]. - Cash and cash equivalents decreased to CNY 252,311,306.98 from CNY 352,296,620.27[60]. - The net cash flow from operating activities was -¥65,139,551.98, worsening from -¥25,902,095.74 in the previous period[81]. - The ending balance of cash and cash equivalents was 251,019,033.43 CNY, down from 381,599,640.10 CNY at the beginning of the period[85]. Investments and Projects - Long-term equity investments increased by 194.04% compared to the beginning of the year, mainly due to the sale of 31% equity in a subsidiary, resulting in a significant increase in remaining equity investment[27]. - The IT infrastructure support and maintenance service project has been fully completed with an investment of RMB 4,595.3 million, achieving 100% progress[43]. - The company invested RMB 25,000,000.00 in a joint venture with a 50% stake in Shanghai Zhuozhilan Information Technology Co., Ltd.[45]. - The company has invested in establishing Shanghai Tianji Data Technology Co., Ltd. with a total investment of RMB 1,300 million, which is currently at 0% progress[43]. Risk Management - The company faces risks from intensified competition in the IT market due to technological transformations and the emergence of new business models[12]. - Measures to mitigate risks include enhancing service capabilities and maintaining a strategic advantage in the industry[13][14]. - The company will strengthen accounts receivable management to ensure cash flow stability and reduce potential bad debt risks[19]. Compliance and Commitments - The actual controller and major shareholders of the company have committed to avoiding any competition that may harm the interests of the company and its shareholders since January 2011[37]. - The company has ensured that there are no violations of the commitment regarding avoiding competition as of the report date[37]. - The company has committed to not occupying funds improperly and has stated that since July 2008, there have been no violations regarding fund occupation[39]. - The company will strengthen legal compliance training to prevent future violations related to fund occupation[39]. Shareholder Actions - The company has committed to purchasing its own shares in the secondary market with a minimum investment of RMB 1,000,000 within six months after resuming trading[41]. - The company’s major shareholders and directors have committed to not reducing their holdings of the company’s shares for six months after the completion of the share purchase[41].

Financial Performance - Total revenue for the first half of 2016 reached ¥225,412,114.71, representing a 16.53% increase compared to ¥193,438,776.53 in the same period of 2015[16]. - Net profit attributable to ordinary shareholders was ¥39,103,185.98, a significant increase of 48.57% from ¥26,318,922.49 year-on-year[16]. - Basic earnings per share rose to ¥0.1416, reflecting a 46.74% increase compared to ¥0.0965 in the previous year[16]. - The company's total assets increased by 9.94% to ¥897,053,728.21 from ¥815,914,970.23 at the end of the previous year[16]. - The net profit after deducting non-recurring items was ¥23,568,451.04, showing a 6.50% increase from ¥22,129,300.57[16]. - The total profit reached RMB 44.50 million, up 58.58% compared to the previous year[28]. - The company achieved total operating revenue of RMB 225.41 million, an increase of 16.53% year-on-year[28]. Cash Flow and Investments - The net cash flow from operating activities was negative at -¥59,276,149.67, worsening by 16.42% from -¥50,916,279.53 in the same period last year[16]. - The net cash flow from investing activities saw a significant decline of 1,087.83%, amounting to -$77.32 million, compared to -$6.51 million in the previous year[35]. - The net cash flow from financing activities increased by 389.77% to $55.48 million, compared to -$19.15 million in the previous year, driven by the implementation of a restricted stock incentive plan[35]. - The company reported a cash inflow of 37,200,000.00 CNY from the disposal of subsidiaries and other business units, marking a strategic divestment[164]. - The cash outflow for purchasing fixed assets and intangible assets was 108,073,639.92 CNY, significantly higher than 2,509,637.48 CNY in the previous period, indicating increased investment in infrastructure[161]. Shareholder and Equity Information - The company plans to raise up to RMB 800 million through a private placement to fund smart data center projects and R&D initiatives[31]. - The company distributed a cash dividend of RMB 0.340909 per 10 shares, totaling RMB 9,378,102.83 based on the adjusted total share capital of 275,090,795 shares[76]. - The total number of shares increased from 272,680,395 to 275,090,795, reflecting a change of 2,410,400 shares[123]. - Major shareholder Lu Wenxiong holds 17.04% of shares, totaling 46,884,046 shares, with a decrease of 7,176,734 shares during the reporting period[129]. - The company reported a commitment from major shareholders to increase their holdings, with amounts not less than RMB 8 million and RMB 9 million from specific directors[109]. Research and Development - The company has made significant progress in its R&D projects, with multiple software systems and solutions completed and in various stages of deployment[43]. - Research and development expenses rose by 14.95% to $17.82 million, up from $15.50 million in the previous year[35]. - The company is focusing on technological advancements and research, aiming to enhance its competitive edge in the market[171]. Risk Factors - The company is facing risks from increased competition due to IT market transformation and rising labor costs affecting gross margins[23][24]. - The company has implemented measures to manage risks associated with increasing accounts receivable and ensure cash flow stability[60]. - The company is transitioning from a traditional IT infrastructure expert to an innovative IT infrastructure provider, focusing on integrated services, products, and solutions in the internet era[37]. Corporate Governance - The company has committed to maintaining a high level of management quality and decision-making capabilities through training and incentive mechanisms[59]. - The company has established a clear framework for related party transactions, ensuring all transactions are conducted at fair market prices and documented through written contracts[107]. - The company has confirmed that there have been no violations regarding the use of funds, with commitments made to prevent any future unauthorized fund usage[108]. Market Position and Strategy - The software-defined storage market in China was valued at RMB 1.13 billion in 2015 and is expected to reach RMB 1.8 billion in 2016, representing a growth rate of 58.7%[47]. - The company ranked seventh in the Chinese data center IT infrastructure third-party service market in 2015, and second in the East China market[48]. - The company aims to enhance service capabilities and levels through timely technological and business model innovations in response to market changes[52].