Financial Performance - The company's operating revenue for the first half of 2021 was CNY 175,458,161.71, representing a 128.59% increase compared to CNY 76,755,948.04 in the same period last year[23]. - The net profit attributable to shareholders was CNY 51,481,383.98, a significant turnaround from a loss of CNY 42,325,660.00 in the previous year, marking a 221.63% increase[23]. - The basic earnings per share increased to CNY 0.1045 from a loss of CNY 0.0874, reflecting a 219.57% improvement[23]. - The weighted average return on net assets rose to 57.96%, compared to -6.55% in the same period last year, an increase of 64.51 percentage points[23]. - The gross profit margin for the reporting period was 31.17%, an increase of 7.17% compared to the previous year[45]. - The company reported a significant increase in revenue from software sales, which rose by 38.06% to ¥67,466,861.22[45]. - The company reported a revenue of 410.39 million yuan, with a net profit of 27.89 million yuan, reflecting a significant increase compared to the previous period[66]. Cash Flow and Assets - The net cash flow from operating activities was negative CNY 41,508,702.01, worsening from negative CNY 13,809,402.44 in the same period last year, a decline of 200.58%[23]. - Cash and cash equivalents decreased to ¥8,355,927.01, representing 1.80% of total assets, down from 3.05% at the end of the previous year, a decrease of 1.25%[51]. - Accounts receivable increased to ¥205,428,472.92, accounting for 44.16% of total assets, up from 33.78%, an increase of 10.38%[51]. - The company's cash flow from operating activities for the first half of 2021 was a net outflow of CNY 41,508,702.01, worsening from a net outflow of CNY 13,809,402.44 in the same period of 2020[153]. - The ending balance of cash and cash equivalents decreased to ¥3,240,382.80 by the end of the first half of 2021, down from ¥1,008,926.97 at the end of the first half of 2020[157]. Equity and Liabilities - The total assets at the end of the reporting period were CNY 465,160,552.19, a decrease of 2.73% from CNY 478,192,565.52 at the end of the previous year[23]. - The total liabilities decreased to CNY 363,586,243.07 from CNY 424,234,672.85, a reduction of about 14.3%[138]. - The company's equity attributable to shareholders increased to CNY 100,565,240.61 from CNY 52,285,409.72, representing an increase of about 92.3%[142]. - The total equity at the end of the reporting period is CNY 499,643,081.85, an increase from CNY 471,164,510.04 at the end of the previous year, reflecting a growth of approximately 6.0%[184]. Business Strategy and Market Position - The company focuses on engineering digital cloud services, participating in digital construction and smart city projects, with a primary business in building information modeling (BIM) software sales and consulting services[31]. - The company aims to enhance its self-developed software's share in sales, build a BIM cloud platform, and expand its BIM consulting services market towards high-end comprehensive consulting[35]. - The company has established a comprehensive BIM ecosystem, including software sales, development, consulting, and education, to support the entire lifecycle of construction projects[39]. - The company aims to become a leading provider of digital cloud services in the construction industry by leveraging its BIM technology[40]. - The company has provided BIM services for nearly 500 large-scale projects, including notable infrastructure like the Hong Kong-Zhuhai-Macao Bridge and Shanghai Disneyland[40]. Risks and Challenges - The company faces various risks including market competition, technological risks, and potential impacts from the COVID-19 pandemic[6]. - The company has not disclosed any significant new product developments or market expansion strategies in the report[30]. - The company has faced risks related to market competition and technology, emphasizing the need for timely innovation and product upgrades to maintain competitiveness[68]. - The company is actively managing accounts receivable, focusing on improving cash flow due to lengthy project cycles and complex settlement procedures[70]. Shareholder Information - The company held its annual general meeting on May 18, 2021, with an investor participation rate of 10.14%[75]. - Major shareholders include Fan Zhi with 15.86% (78,685,665 shares) and Fan Li with 15.80% (78,404,490 shares), both having reduced their holdings by 15,000,000 shares[122]. - The total number of shareholders at the end of the reporting period was 18,965[122]. Corporate Governance - The company emphasizes a performance-oriented compensation system to protect employee rights and promote sustainable development[84]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[83]. - The company’s financial statements are prepared based on the assumption of going concern, indicating no significant issues affecting its operational continuity[191].

Financial Performance - The company's revenue for Q1 2021 reached ¥100,847,252.44, representing a 225.59% increase compared to ¥30,973,475.13 in the same period last year[7] - Net profit attributable to shareholders was ¥43,335,049.37, a significant turnaround from a loss of ¥19,968,490.27, marking a 317.02% increase[7] - The net profit after deducting non-recurring gains and losses was ¥42,934,600.34, compared to a loss of ¥20,098,087.95, reflecting a 313.63% increase[7] - Basic earnings per share improved to ¥0.0897 from a loss of ¥0.0413, indicating a 317.19% increase[7] - The weighted average return on equity rose to 47.61%, up from -3.04%, an increase of 50.65 percentage points[7] - The total profit reached ¥48,591,719.12, up 348.89% year-on-year[21] - The company's operating profit for Q1 2021 was ¥48,531,698.18, compared to a loss of ¥19,727,570.08 in the same period last year, indicating a significant recovery[46] - The total comprehensive income for the quarter was ¥43,555,346.31, compared to a loss of ¥18,358,386.60 in the previous year, showcasing improved financial health[47] Assets and Liabilities - Total assets at the end of the reporting period were ¥478,095,463.55, a slight decrease of 0.02% from ¥478,192,565.52 at the end of the previous year[7] - The company's total equity increased from CNY 53,957,892.67 at the end of 2020 to CNY 97,654,999.57 by March 31, 2021[39] - The total liabilities decreased from CNY 424,234,672.85 at the end of 2020 to CNY 380,440,463.98 by March 31, 2021[39] - The company's total assets decreased from CNY 818,907,531.28 at the end of 2020 to CNY 748,476,293.65 by March 31, 2021[41] - The company's non-current assets decreased from 178.03 million CNY to 172.38 million CNY, a reduction of approximately 3.2%[37] Cash Flow - The net cash flow from operating activities was negative at -¥32,306,898.65, worsening by 236.05% compared to -¥9,613,583.42 in the same period last year[7] - The company reported a cash inflow from operating activities of ¥62,886,038.78, down from ¥79,164,083.83 in the previous year, reflecting changes in cash management[52] - The total cash inflow from investment activities was 76,294,462.08 yuan, while cash outflow was 1,488,598.67 yuan, resulting in a net cash flow from investment activities of 74,805,863.41 yuan[54] - The net cash flow from financing activities was -50,459,720.22 yuan, a substantial increase in outflows compared to -2,162,720.79 yuan in the previous period[55] - The total cash and cash equivalents at the end of the period were 5,297,593.08 yuan, down from 7,745,344.31 yuan at the end of the previous period[55] Shareholder Information - Net assets attributable to shareholders increased by 84.50% to ¥96,465,714.31 from ¥52,285,409.72 at the end of the previous year[7] - The total number of common shareholders at the end of the reporting period was 18,882[11] - The company plans to issue up to 148,834,459 A-shares at a price of 3.82 CNY per share, aiming to raise a total of no more than 568.55 million CNY for working capital and debt repayment[23] Strategic Focus and Changes - The company has restructured its business strategy, shifting focus to digital engineering cloud services and changing its name from "Taikong Intelligent Construction Co., Ltd." to "Cubic Digital Technology Co., Ltd."[26] - The company’s strategic focus includes software and hardware agency and self-development, as well as BIM design consulting services[21] - The company's strategic shift and management changes aim to enhance brand recognition in the digital economy sector[26] Operational Metrics - Operating costs for the quarter were ¥9,326,263.91, up from ¥2,276,196.65 year-over-year, indicating increased operational activity[49] - The company incurred financial expenses of ¥1,865,645.29, compared to ¥1,188,473.98 in the previous year, indicating increased borrowing costs[49] - The company’s other income for the quarter was ¥645,173.56, showing a positive contribution to overall profitability[49] - The company reported a total of CNY 222,297,170.23 in capital reserves as of March 31, 2021, up from CNY 222,155,409.64 at the end of 2020[42] Customer Concentration - The company’s top five customers accounted for ¥64,258,470.47 in sales, indicating a significant concentration of revenue[22]

Financial Performance - The company's operating revenue for 2020 was ¥197,707,828.28, a decrease of 56.25% compared to ¥451,873,252.15 in 2019[20] - The net profit attributable to shareholders for 2020 was -¥592,334,520.18, representing a decline of 3,841.73% from ¥15,830,481.41 in 2019[20] - The net cash flow from operating activities was -¥51,342,532.31 in 2020, a decrease of 176.59% compared to ¥67,031,565.65 in 2019[20] - The total assets at the end of 2020 were ¥478,192,565.52, down 51.96% from ¥995,347,119.33 at the end of 2019[20] - The net assets attributable to shareholders decreased by 91.28% to ¥52,285,409.72 at the end of 2020 from ¥599,422,042.50 at the end of 2019[20] - The company reported a basic earnings per share of -¥1.21 for 2020, compared to ¥0.03 in 2019, reflecting a decrease of 4,133.33%[20] - The weighted average return on net assets was -161.33% in 2020, a decline of 163.75% from 2.42% in 2019[20] - The net profit attributable to shareholders was -509,320,500.02 CNY for Q4, with a total annual net loss of -609,334,520.18 CNY, indicating significant financial challenges[22] - The net cash flow from operating activities was -51,442,532.31 CNY for the year, highlighting ongoing cash flow issues[22] - The company reported a net profit attributable to shareholders of -592,334,520.18 yuan for 2020, with retained earnings at the end of the year being -527,346,410.69 yuan[101] Business Strategy and Focus - The company focuses on BIM software development and consulting services, with a strategic direction towards digital construction and smart city initiatives[30] - The company aims to enhance its self-developed software capabilities and expand its BIM consulting services, targeting high-end comprehensive consulting upgrades[34] - The integration of BIM with GIS technology is a key strategy for developing smart city solutions, reflecting the company's commitment to innovation[34] - The company plans to build a BIM cloud platform to provide cloud services, enhancing customer engagement and service delivery[34] - The company has restructured its business focus towards BIM-related services, enhancing its capabilities to meet customer needs[46] - The company aims to transform into a leading engineering digital cloud service provider, leveraging its accumulated BIM technology and service experience[88] - The company will focus on developing BIM-related businesses, including cloud services and consulting services, to expand its market presence domestically and internationally[90] Market and Industry Insights - The market for BIM technology in China is expected to grow significantly, driven by government policies and increasing market demand for digital solutions[33] - The construction industry in China has significant growth potential, with information technology investment at only 0.08% of total output compared to 1% in developed countries[38] - The overall performance is driven by policy support, technological maturity, and market demand, with a focus on optimizing product structure and enhancing customer management efficiency[33] Financial Challenges and Risks - The company faced liquidity risks and significant impacts from the COVID-19 pandemic, leading to a substantial decline in business operations[6] - The company is addressing the risk of goodwill impairment from acquisitions, with plans for annual impairment testing based on performance expectations[95] - The company faces risks related to market competition and technology, emphasizing the need for timely innovation and product upgrades to maintain competitiveness[94] - The company is actively managing risks associated with accounts receivable, aiming to improve cash flow through better collection practices[96] - The company has identified management risks due to its expanding scale and complexity, and is committed to enhancing its internal control systems and talent management[96] Research and Development - The company is committed to increasing R&D investment and has established partnerships with top universities and research institutions to foster innovation[49] - The company’s R&D expenses increased by 137.23% to ¥25,862,391.66, primarily due to an increase in R&D projects[67] - R&D investment for 2020 was ¥32,444,225.78, accounting for 16.41% of total revenue, a significant increase from 3.74% in 2019[68] - The number of R&D personnel increased to 100, representing 37.17% of the total workforce[68] - The company plans to strengthen its core BIM technology research and development, exploring new application areas and collaborating with top universities and research institutions[94] Corporate Governance and Management - The company has established a governance structure that includes a board of directors, supervisory board, and management team, ensuring effective operation without legal violations[194] - The company has a structured remuneration decision process involving performance evaluations and board approvals[185] - The company’s management team has a mix of academic and practical experience in their respective fields[182][183] - The company has implemented a performance evaluation and incentive mechanism for directors and senior management, aligning with its development status[195] - The company maintains independence from its controlling shareholder in business, personnel, assets, and finances[198] Shareholder and Equity Information - The company plans to issue up to 148,834,459 new shares at a price of 3.82 yuan per share, raising a total of up to 568.55 million yuan, which will be used to supplement working capital and repay interest-bearing debts[149] - The total number of ordinary shareholders at the end of the reporting period increased to 19,542 from 18,882[159] - The largest shareholder, Fan Zhi, holds 18.88% of the shares, totaling 93,685,665 shares, with a decrease of 19,971,519 shares during the reporting period[160] - The second-largest shareholder, Fan Li, owns 18.83% of the shares, amounting to 93,404,490 shares, with a reduction of 27,158,246 shares[160] - The company has not reported any restrictions on share reduction for controlling shareholders or actual controllers[166] Employee and Talent Management - The total number of employees in the company is 269, with 53 in the parent company and 216 in major subsidiaries[189] - Employee compensation totaled ¥14,692,047.19, accounting for 7.47% of the company's operating costs[191] - The company has a training program to enhance employee skills and meet operational needs, covering legal regulations, quality management, and emergency knowledge[191] - The company is actively expanding its talent pool to address the urgent demand for BIM professionals in the market[48] Compliance and Commitments - The company has fulfilled all commitments made by actual controllers, shareholders, and related parties as of the end of the reporting period[105] - The company has committed to maintaining transparency and fairness in all related party transactions[106] - The company has pledged to prioritize its core business areas and not to develop similar businesses in the future[106] - The company has not engaged in any significant equity or non-equity investments during the reporting period[80]

Financial Performance - Net profit attributable to shareholders was -¥40,688,360.16, a decrease of 3,948.32% year-on-year[7] - Operating revenue fell by 47.68% to ¥53,689,753.72 for the current period[7] - Basic earnings per share were -¥0.0830, a decrease of 4,052.38% year-on-year[7] - Operating revenue fell by 59.55% to ¥130,445,701.76, significantly impacted by the COVID-19 pandemic and tight cash flow[18] - The net profit for the current period is a loss of $40,800,105.73, compared to a profit of $1,033,459.73 in the previous period[48] - The total profit (loss) for the current period is -$42,957,470.77, down from $2,698,292.97 in the previous period[48] - Net profit for the current period is -¥83,302,670.53, a significant decline from a profit of ¥13,160,486.38 in the previous period[56] - The company reported a total comprehensive loss of -¥85,921,745.48, compared to a comprehensive income of ¥16,452,419.96 in the previous period[57] Cash Flow - Cash flow from operating activities was -¥35,675,732.88, a decline of 947.62% compared to the same period last year[7] - The net cash flow from operating activities was negative at -¥49,485,135.32, a 193.81% decrease due to reduced sales collections[19] - Total cash inflow from operating activities was 333,480,956.55 CNY, while cash outflow was 382,966,091.87 CNY, resulting in a net cash outflow of 49,485,135.32 CNY[64] - The company reported a significant decrease in cash received from sales of goods and services, totaling 208,123,591.00 CNY compared to 369,911,746.08 CNY in the previous period[64] - The cash flow from financing activities showed a net decrease of 3,992,680.20 CNY, contrasting with a net increase of 16,978,274.31 CNY in the previous period[68] Assets and Liabilities - Total assets decreased by 7.05% to ¥925,151,451.09 compared to the end of the previous year[7] - The company's cash and cash equivalents decreased by 54.70% to ¥8,848,803.61 due to a decline in sales and reduced collections during the reporting period[18] - Short-term borrowings increased by 119.71% to ¥125,455,488.18, attributed to new short-term loans taken during the period[18] - Total liabilities decreased from ¥393,586,678.42 to ¥357,375,458.76, a decline of about 9.2%[40] - The company's equity attributable to shareholders decreased from ¥599,422,042.50 to ¥565,726,244.29, a reduction of approximately 5.6%[41] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,498[11] - The top two shareholders, Fan Zhi and Fan Li, hold 20.38% and 20.33% of shares respectively, both of which are pledged[11] - There were no agreed repurchase transactions conducted by the top 10 shareholders during the reporting period[12] Investment and Financing Activities - The company plans to raise up to ¥568.55 million through a private placement of shares to enhance liquidity and repay interest-bearing debts[22] - The company reported non-operating income of ¥28,089,987.32 from the disposal of non-current assets[8] - The company reported a 100.00% increase in investment income to ¥28,497,182.49 from the disposal of subsidiary equity[19] Compliance and Governance - All commitments regarding avoiding related transactions and conflicts of interest have been strictly adhered to, with no violations reported[28] - The company has committed to avoiding competition with its own business during the control period, ensuring no direct or indirect engagement in similar business activities[27] - No violations of external guarantees were reported during the reporting period, indicating a stable financial position[33] Research and Development - Research and development expenses increased to $2,765,096.09 from $2,066,756.37[47] - Research and development efforts have led to the introduction of three new patented products, including a lightweight large roof panel, which is expected to enhance market competitiveness[30] Market Outlook - The company provided a positive outlook for Q4 2020, projecting a revenue growth of 20% compared to Q3 2020, driven by new product launches and market expansion[32] - The company is actively pursuing market expansion strategies, targeting a 10% increase in market share by the end of 2021[31]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥76,755,948.04, a decrease of 65.10% compared to ¥219,903,225.24 in the same period last year[18]. - The net profit attributable to shareholders was a loss of ¥42,325,660.00, representing a decline of 444.03% from a profit of ¥12,302,988.06 in the previous year[18]. - The net cash flow from operating activities was negative at ¥13,809,402.44, down 124.59% from ¥56,153,724.99 in the same period last year[18]. - The basic earnings per share were -¥0.0874, a decrease of 351.87% compared to ¥0.0347 in the previous year[18]. - The total profit amounted to -¥41,745,983.15, representing a decline of 325.86% year-on-year, with net profit attributable to shareholders at -¥42,325,660.00, down 444.03%[38]. - The company reported a net loss of approximately 50,064.71 million yuan during the reporting period[168]. - The net profit for the first half of 2020 was -23,316,964.50 CNY, compared to -15,681,117.73 CNY in the same period of 2019, indicating a significant increase in losses[153]. Assets and Liabilities - Total assets at the end of the reporting period were ¥983,875,933.36, a decrease of 1.15% from ¥995,347,119.33 at the end of the previous year[18]. - The company's total assets decreased from ¥922,401,537.27 at the end of 2019 to ¥914,004,942.79 by mid-2020[146]. - The company's total liabilities decreased from CNY 393,586,678.42 to CNY 371,193,102.01, a decline of approximately 5.7%[141]. - The company's total liabilities at the end of the reporting period were approximately 2,672.7 million yuan[166]. - The equity attributable to the owners of the parent company increased from CNY 599,422,042.50 to CNY 610,521,337.74, reflecting an increase of about 1.8%[142]. - The total equity at the end of the reporting period was approximately 495.19 million RMB, with a decrease of 178.69 million RMB compared to the previous period[172]. Cash Flow - Cash and cash equivalents decreased by 53.13%, primarily due to payments for goods and loan repayments during the reporting period[28]. - The cash flow from operating activities was -¥13,809,402.44, a decline of 124.59% year-on-year, attributed to reduced cash receipts from sales[43]. - The cash inflow from financing activities was 81,640,000.00 CNY, with a net cash flow from financing activities of 936,934.69 CNY[160]. - The total cash outflow from operating activities was 227,647,329.72 CNY in the first half of 2020, compared to 274,657,733.54 CNY in the first half of 2019[156]. Strategic Initiatives - The company plans to enhance its brand influence and market share to mitigate the adverse effects of economic cycles and the COVID-19 pandemic[4]. - The company aims to enhance market share by adapting to the evolving construction industry and focusing on innovative overall solutions[39]. - The company plans to support its subsidiaries through increased investment and management integration to reduce future goodwill impairment risks[64]. - The company plans to focus on market expansion and new product development to improve future performance[147]. Research and Development - Research and development investment was ¥4,716,680.89, a decrease of 24.93% compared to the previous year[43]. - The company holds 18 invention patents, 10 utility model patents, and 99 software copyrights, indicating a strong focus on innovation[39]. - The company has allocated 12.30 million yuan for research and development in the current period, reflecting a commitment to innovation[165]. Risks and Challenges - The company faces risks related to goodwill impairment due to significant discrepancies in expected performance from acquired companies[4]. - The company faced risks related to accounts receivable due to long settlement times in the engineering construction industry, impacting cash flow[65]. - The company has identified goodwill risk due to significant discrepancies in expected performance from acquisitions, which may affect current profits[64]. Shareholder Information - The company did not distribute cash dividends or issue bonus shares during this reporting period[6]. - The total number of ordinary shareholders at the end of the reporting period was 21,402[117]. - The largest shareholder, Fan Zhi, holds 20.38% of the shares, totaling 101,126,814 shares, with a reduction of 12,530,370 shares during the reporting period[117]. Compliance and Governance - The financial report for the first half of 2020 was not audited, which may affect the reliability of the financial data presented[137]. - The company has committed to maintaining strict compliance with financial regulations, ensuring no related party transactions that could harm shareholder interests[78]. - The company adheres to the Chinese Accounting Standards, ensuring the financial reports reflect a true and complete picture of its financial status[180].

Financial Performance - The company's operating revenue for the first half of 2020 was ¥115,107,459.14, a decrease of 47.66% compared to ¥219,903,225.24 in the same period last year[18]. - The net profit attributable to shareholders was -¥42,761,008.15, representing a decline of 447.57% from ¥12,302,988.06 in the previous year[18]. - The net cash flow from operating activities was -¥13,809,402.44, down 124.59% from ¥56,153,724.99 in the same period last year[18]. - The basic earnings per share were -¥0.0886, a decrease of 355.33% compared to ¥0.0347 in the previous year[18]. - The total profit amounted to -¥42,181,331.30, a decline of 328.22% year-on-year, with net profit attributable to shareholders at -¥42,761,008.15, down 447.57%[38]. - The company reported a significant increase in revenue for the first half of 2020, with a year-on-year growth of 25%[73]. - The company reported a net loss for the first half of 2020 was ¥42,937,912.95, compared to a net profit of ¥12,127,026.65 in the first half of 2019, indicating a significant decline in profitability[150]. - The total comprehensive income for the first half of 2020 was -¥41,308,494.02, a stark contrast to ¥12,522,070.34 in the first half of 2019, highlighting the financial challenges faced[151]. Assets and Liabilities - Total assets at the end of the reporting period were ¥983,389,835.55, a decrease of 1.20% from ¥995,347,119.33 at the end of the previous year[18]. - The company's total liabilities decreased to ¥414,361,860.94 from ¥451,237,027.23, a reduction of 8.2%[147]. - The company's equity increased from CNY 601,760,440.91 to CNY 612,247,483.20, showing a growth of approximately 1.6%[143]. - Short-term borrowings rose from CNY 57,099,882.23 to CNY 72,128,027.98, an increase of about 26.3%[142]. - The total liabilities of the company were 2,672,794.00 million yuan, indicating a stable financial position[167]. Cash Flow - Cash and cash equivalents decreased by 53.13%, primarily due to payments for goods and loan repayments during the reporting period[28]. - Operating cash flow for the first half of 2020 was -13,809,402.44 CNY, a significant decrease from 56,153,724.99 CNY in the first half of 2019[157]. - Cash inflow from operating activities totaled 213,837,927.28 CNY, down 35.4% from 330,811,458.53 CNY in the previous year[157]. - Cash outflow from operating activities was 227,647,329.72 CNY, compared to 274,657,733.54 CNY in the same period of 2019, reflecting a decrease of 17.1%[157]. Research and Development - Research and development investment was ¥4,716,680.89, a decrease of 24.93% compared to the previous year[43]. - The company holds 18 invention patents, 10 utility model patents, 4 US patents, 2 Japanese patents, and 99 software copyrights, indicating a strong focus on innovation[39]. - The company has developed various BIM-related software and systems to enhance clients' BIM management capabilities[27]. Market Strategy and Risks - The company plans to enhance its brand influence and market share to mitigate the adverse effects of the economic cycle and COVID-19 pandemic[4]. - The company faces risks related to goodwill impairment due to significant discrepancies in expected performance from acquired companies[4]. - The company aims to enhance market share by improving service quality and leveraging BIM technology to drive innovation in the construction industry[39]. Subsidiaries and Acquisitions - The company’s overseas assets, particularly from the acquisition of Hongde Software Technology Group Limited, account for 13.74% of the company's net assets[30]. - The subsidiary Beijing Smander achieved a revenue of 6,870,680.97 CNY but incurred a net loss of 4,986,634.2 CNY[64]. - The company has 12 subsidiaries included in the consolidation scope for the first half of 2020, with no changes in the consolidation scope reported[176]. Compliance and Governance - The company has committed to maintaining strict compliance with financial regulations and has not engaged in any related party transactions that could compromise shareholder interests[79]. - The company has maintained compliance with all commitments made during asset restructuring and financing processes[72]. - The company did not distribute cash dividends or issue new shares during the reporting period[71]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,402[118]. - The company’s actual controller holds 101,126,814 shares, representing 20.38% of the total share capital[130]. - The company’s stock is listed on the Shenzhen Stock Exchange under the code "300344" since its initial public offering[175]. Financial Reporting - The half-year financial report has not been audited, which is a standard practice for this reporting period[78]. - The financial statements are prepared based on the accrual basis of accounting, in accordance with the relevant accounting standards[178]. - The company reported a credit impairment loss of ¥2,081,204.73, significantly lower than ¥9,139,759.58 in the previous year, indicating improved asset quality[150].

Financial Performance - The company's operating revenue for 2019 was ¥451,873,252.15, a decrease of 15.87% compared to ¥537,096,927.41 in 2018[17] - The net profit attributable to shareholders for 2019 was ¥15,830,481.41, down 54.25% from ¥34,598,755.84 in the previous year[17] - The net cash flow from operating activities was ¥67,031,565.65, representing an 11.39% decline from ¥75,645,580.07 in 2018[17] - The basic earnings per share decreased to ¥0.0331, a drop of 54.78% compared to ¥0.0732 in 2018[17] - Total assets at the end of 2019 were ¥995,347,119.33, down 6.02% from ¥1,059,098,059.76 at the end of 2018[17] - The total profit amounted to ¥25,425,793.66, down 51.41% year-on-year, with net profit attributable to shareholders at ¥15,830,481.41, a decrease of 54.25%[40] - The company's total assets decreased by 6.02% to ¥995,347,119.33, while net assets increased by 14.26% to ¥599,422,042.50[40] Revenue Breakdown - Software sales and technical services accounted for ¥373,661,078.15, representing 82.69% of total revenue, down 21.12% from the previous year[45] - The sales of building materials increased by 12.26% to ¥60,296,987.53, making up 13.34% of total revenue[45] - Revenue from other services increased by 75.97% to ¥16,982,588.53, contributing 3.76% to total revenue[45] - The Northeast region saw a significant revenue increase of 110.02%, reaching ¥35,493,160.91, while the East China region experienced a decline of 69.28% to ¥37,969,249.31[45] Cash Flow and Investments - The net cash flow from operating activities showed a significant fluctuation, with a negative cash flow of approximately ¥9.55 million in Q1, turning positive to ¥65.70 million in Q2, and then negative again in Q3 at approximately ¥3.41 million, before recovering to ¥14.28 million in Q4[19] - Investment cash inflow dropped by 90.46% to ¥26,112,997.26, primarily due to the absence of equity disposals from the previous year[64] - Financing cash inflow decreased by 83.90% to ¥138,659,950.00, while cash outflow decreased by 80.71% to ¥232,041,763.43[64] Research and Development - The company has a competitive advantage in software sales, particularly in the AEC industry, due to strong software development and service capabilities[27] - The company is focusing on transforming into a comprehensive service provider for prefabricated buildings, enhancing capabilities in green, low-carbon, and smart building services[40] - The company developed several new R&D projects, including an EPC platform V2.0 and a BIM management platform for airports[56][57] - The company invested ¥16,881,004.07 in R&D, which is 3.74% of total revenue, down from 5.25% in 2018[61] Shareholder and Dividend Policy - The company will not distribute cash dividends or issue bonus shares for the year[6] - The company reported a cash dividend total of 0, with a cash dividend ratio of 0.00% of the total profit distribution[93] - The company did not propose any cash dividend distribution for 2019, maintaining a consistent policy of no cash dividends over the past three years[99] Risk Management - The company faces risks related to goodwill from acquisitions and accounts receivable due to long settlement periods in the construction industry[4][5] - The company is committed to strengthening internal control systems to improve management efficiency and risk control[42] Corporate Governance - The company has established a governance structure that includes a shareholders' meeting, board of directors, supervisory board, and management team[187] - The board consists of 7 members, including 3 independent directors, meeting legal requirements[188] - The company has implemented a performance-based remuneration system for its executives[177] Future Outlook and Strategy - The company plans to enhance its brand influence and market share while mitigating the adverse effects of economic cycles and the COVID-19 pandemic[4] - The company aims to achieve breakthroughs in overseas markets, making it a key focus of its development strategy[88] - The company intends to actively explore opportunities in the Belt and Road Initiative, seeking BIM information development opportunities along the route[85] Employee and Management Information - The total number of employees in the company is 277, with 73 in the parent company and 204 in major subsidiaries[181] - The total remuneration paid to the board of directors, supervisors, and senior management in 2019 amounted to CNY 3,147,636.8[177] - The company has a structured salary system based on job importance, complexity, and market conditions[183]

Financial Performance - Total revenue for Q1 2020 was ¥30,973,475.13, a decrease of 70.77% compared to ¥105,975,736.98 in the same period last year[7] - Net profit attributable to shareholders was -¥19,968,490.27, representing a decline of 463.94% from ¥5,486,805.65 in the previous year[7] - The total profit for the period was CNY -19,523,325.06, representing a decline of 316.34% year-on-year[19] - The net loss for Q1 2020 was CNY 23,936,430.80, reflecting a decline from the previous profit[44] - The company reported a net loss of ¥20,075,115.16 for Q1 2020, compared to a net profit of ¥5,365,783.41 in the same period last year, indicating a significant decline in profitability[45] - The comprehensive income totalled -¥18,358,386.60, compared to ¥3,184,150.41 in the previous year, indicating a substantial decrease in overall financial performance[46] Cash Flow - The net cash flow from operating activities was -¥9,613,583.42, a slight decrease of 0.68% compared to -¥9,548,283.59 in the same period last year[7] - Cash flow from operating activities was ¥79,164,083.83, down from ¥133,945,182.76 in the previous year, representing a decline of approximately 41.0%[52] - The company reported a total cash outflow from operating activities of 88,777,667.25 CNY in Q1 2020, compared to 143,493,466.35 CNY in Q1 2019, showing a reduction of about 38.2%[53] - The company’s operating cash inflow was 20,601,347.42 CNY in Q1 2020, down from 48,782,538.72 CNY in Q1 2019, representing a decline of approximately 57.8%[56] Assets and Liabilities - Total assets at the end of the reporting period were ¥997,539,224.67, an increase of 0.22% from ¥995,347,119.33 at the end of the previous year[7] - Total liabilities as of March 31, 2020, were CNY 450,881,159.45, slightly down from CNY 451,237,027.23 at the end of 2019[41] - The company’s total assets were CNY 917,753,098.65, down from CNY 922,401,537.27 at the end of 2019[41] - The company’s total liabilities included a new contract liability of CNY 39,095,075.73, reflecting changes in accounting policies[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,854[10] - The largest shareholder, 樊立, holds 24.30% of the shares, amounting to 120,562,736 shares, with 90,422,052 shares pledged[10] - The company did not engage in any repurchase transactions during the reporting period[11] Government Support - The company received government subsidies amounting to ¥162,274.79 during the reporting period[8] Inventory and Receivables - Inventory increased to ¥88,084,877.03 from ¥77,382,528.72, reflecting an increase of approximately 13.7%[35] - Accounts receivable decreased to ¥232,722,176.01 from ¥247,383,996.58, a reduction of about 5.9%[35] Operational Changes - The company is planning a share transfer involving its controlling shareholders, Mr. Fan Li and Mr. Fan Zhi, with multiple announcements made between December 2019 and February 2020[21][22][23][24][25] - The company has committed to avoiding competition with its main business and ensuring no related party transactions that could harm shareholder interests[24][25] - The company has not reported any violations of commitments made regarding related party transactions and competitive practices as of the report date[24][25] Financial Standards and Reporting - The company adopted new revenue recognition standards effective January 1, 2020, which will not affect prior year adjustments[62] - The first quarter report was not audited, indicating preliminary financial results[66]

Financial Performance - Operating revenue for the reporting period was CNY 102,613,693.39, down 27.67% year-on-year[7] - Net profit attributable to shareholders of the listed company was CNY 1,057,301.33, a decrease of 93.57% compared to the same period last year[7] - Basic earnings per share were CNY 0.0021, down 95.69% year-on-year[7] - The weighted average return on net assets was 0.16%, a decrease of 2.99% compared to the same period last year[7] - The company reported a net loss of CNY 188,805,771.64, compared to a loss of CNY 163,012,097.44 in the previous period[40] - Net profit fell to ¥1,033,459.73 compared to ¥16,244,263.75 in the previous period, indicating a decline of approximately 93.6%[43] - The total comprehensive income for the period was ¥3,930,349.62, down from ¥18,301,517.00, a decline of approximately 78.6%[44] - The company reported a total comprehensive income of ¥16,452,419.96, down 69.8% from ¥54,399,555.18 in the previous year[52] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,021,113,071.13, a decrease of 3.59% compared to the end of the previous year[7] - Total liabilities decreased by 33.94% to ¥170,062,801.94, due to a reduction in payable acquisition amounts and restricted stock repurchase amounts[18] - Total liabilities decreased from CNY 539,549,119.20 to CNY 454,202,755.91, a reduction of approximately 15.83%[39] - Total assets decreased from CNY 1,059,098,059.76 to CNY 1,021,113,071.13, a decline of approximately 3.58%[33] - Current liabilities decreased from CNY 460,930,511.25 to CNY 420,544,989.02, a reduction of about 8.75%[34] - The total cash and cash equivalents at the end of Q3 2019 stood at CNY 7,309,083.42, down from CNY 13,832,063.45 at the end of Q2 2019, indicating a decrease of approximately 47.3%[60] Shareholder Information - Net assets attributable to shareholders of the listed company increased by 13.86% to CNY 597,307,356.45[7] - The total number of ordinary shareholders at the end of the reporting period was 24,174[11] - The top two shareholders, 樊立 and 樊志, held 25.01% and 22.91% of the shares respectively, with significant portions pledged[11] - The company's equity attributable to shareholders increased from CNY 524,613,242.24 to CNY 597,307,356.45, representing a growth of approximately 13.84%[35] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 52,748,321.05, a slight decrease of 0.32%[7] - Cash flow from financing activities showed a net outflow of CNY 84,049,209.60, compared to a net outflow of CNY 342,127,937.40 in Q2 2019, representing an improvement in financing cash flow[60] - Cash flow from operating activities was ¥369,911,746.08, compared to ¥452,585,001.91 in the previous period[58] - Total cash inflow from operating activities was CNY 104,361,623.54 in Q3 2019, down from CNY 252,553,820.53 in Q2 2019, reflecting a decrease of approximately 58.7%[63] Expenses - Revenue from sales expenses increased by 57.25% to ¥33,878,293.53, driven by higher employee compensation, operational costs, and advertising expenses[20] - R&D expenses decreased by 40.79% to ¥8,350,136.89, due to a reduction in outsourced R&D costs[20] - Research and development expenses significantly decreased to ¥2,066,756.37 from ¥9,118,300.82, a reduction of about 77.3% year-over-year[42] Investment Activities - The company reported a 100% decrease in investment income, with no gains from subsidiary equity disposals in the current period[20] - The cash generated from investment activities dropped by 99.81% to ¥503,875.98, as there were no equity disposals in the current period[20] - Net cash outflow from investing activities was CNY 503,875.98, significantly lower than CNY 266,446,532.72 in the previous quarter, indicating a reduction in investment expenditures[60] Compliance and Commitments - The company reported no violations regarding external guarantees during the reporting period[27] - There were no non-operating fund occupations by controlling shareholders or their related parties during the reporting period[28] - The company has committed to fulfilling all obligations related to patent rights and tax responsibilities, ensuring no economic losses will be incurred due to these commitments[25] - The company has maintained a consistent commitment to employee social insurance and housing fund contributions, with no violations reported[26] - The company has adhered to all commitments made to minority shareholders, with no breaches reported[26]

Financial Performance - Total revenue for the first half of 2019 was CNY 219,903,225.24, a decrease of 9.69% compared to CNY 243,507,927.16 in the same period last year[17]. - Net profit attributable to shareholders was CNY 12,302,988.06, down 62.07% from CNY 32,433,508.30 year-on-year[17]. - Basic earnings per share decreased by 63.85% to CNY 0.0347 from CNY 0.0960 in the same period last year[17]. - The total profit amounted to ¥18,482,929.70, down 59.86% year-on-year, with net profit attributable to shareholders at ¥12,302,988.06, a decrease of 62.07%[38]. - The return on equity (ROE) was 1.89%, a decline of 4.40% from the previous year, mainly due to the drop in net profit[38]. - The company reported a significant decrease in other receivables, which fell to CNY 25,925,943.78 from CNY 46,580,819.33, a decline of about 44.5%[122]. - The company reported a comprehensive income total of -15,681,110 yuan for the current period[156]. Cash Flow and Assets - Net cash flow from operating activities increased by 32.93% to CNY 56,153,724.99, compared to CNY 42,243,986.85 in the previous year[17]. - The company's cash decreased by 48.44% due to loan repayments and equity payments during the reporting period[27]. - Cash and cash equivalents at the end of the reporting period were RMB 19,906,075.89, a decrease of 0.19% from the previous year[50]. - The total assets at the end of the reporting period were RMB 1,031,000,000.00, with a significant portion in accounts receivable, totaling RMB 222,034,702.42[50]. - The company's total assets as of June 30, 2019, amounted to CNY 955,036,620.18, down from CNY 995,612,932.48 at the end of 2018, a reduction of about 4.1%[130]. - The total current assets decreased to CNY 207,496,552.64 from CNY 244,796,126.60, representing a decline of approximately 15.2%[128]. Investments and R&D - Research and development investment increased by 26.07% to ¥6,283,380.52, reflecting the company's commitment to innovation and market demand[43]. - The company has committed to investing 100 million yuan in R&D for new technologies over the next two years[76]. - The company is focusing on technological advancements and innovation to improve product offerings and customer satisfaction[152]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company aims to increase the proportion of prefabricated buildings in new constructions to 30% within the next decade, as supported by national policies[30]. - The company is transitioning to a comprehensive service provider for prefabricated buildings, focusing on enhancing capabilities in green, low-carbon, and smart building services[39]. - The company is focusing on expanding its BIM business in the prefabricated building sector to enhance service breadth and depth, aiming to capture more market opportunities[63]. Market and Competitive Position - The company has a competitive advantage in software sales due to its strong development and service capabilities[26]. - The marketing team is being enhanced to improve market development capabilities and adapt to the evolving prefabricated building sector[39]. - The company aims to increase market share by promoting its brand values of "low-carbon, green, energy-saving, and environmentally friendly" solutions[39]. Risks and Challenges - The company has identified potential risks and corresponding measures in its report, which investors should be aware of[4]. - The company faces risks related to strategic transformation as it aims to become a comprehensive service provider in prefabricated buildings, which may impact its operational performance[63]. - The company has incurred goodwill risks due to acquisitions, which could affect its financial results if the performance of acquired companies deviates significantly from expectations[64]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 25,611[108]. - The largest shareholder, Fan Li, holds 25.01% of the shares, totaling 88,616,240 shares[109]. - The second-largest shareholder, Fan Zhi, holds 22.95% of the shares, totaling 81,326,560 shares[109]. Compliance and Governance - The company has maintained compliance with all financial obligations, with no outstanding issues related to employee benefits or social insurance[79]. - The half-year financial report has not been audited, but the company assures transparency and accuracy in its financial disclosures[75]. - The company adheres to the accounting standards and principles set forth by the Ministry of Finance, ensuring the financial statements reflect a true and complete picture of its financial status[166].