Financial Performance - The company's revenue for Q1 2022 was ¥276,419,512.15, representing a 62.61% increase compared to ¥169,993,782.61 in the same period last year[3]. - The net profit attributable to shareholders was a loss of ¥9,866,971.99, a decline of 182.59% from a profit of ¥11,946,751.56 in the previous year[3]. - The company's basic earnings per share were -¥0.0137, down 181.55% from ¥0.0168 in the same quarter last year[3]. - The net profit for the current period was a loss of ¥6,886,417.87, contrasting with a net profit of ¥12,148,988.70 in the previous period, marking a decline of approximately 156.7%[29]. - The comprehensive income for the current period was a loss of ¥7,587,161.83, compared to a gain of ¥13,023,388.90 in the previous period, indicating a significant downturn[29]. - Basic earnings per share for the current period were -0.0137, down from 0.0168 in the previous period, reflecting a negative shift in profitability[29]. Cash Flow - The net cash flow from operating activities was -¥263,416,221.66, which is a 131.01% decrease compared to -¥114,030,002.63 in Q1 2021[6]. - Operating cash inflow for the period was $177,761,919.13, down from $190,056,185.64 in the previous period, representing a decrease of approximately 6.77%[34]. - Net cash outflow from operating activities was -$263,416,221.66, worsening from -$114,030,002.63 in the prior period[34]. - Total cash outflow from operating activities increased to $441,178,140.79 from $304,086,188.27, an increase of approximately 45.06%[34]. - Cash received from other operating activities was $7,203,637.69, up from $6,162,508.60, an increase of approximately 16.88%[34]. - Cash inflow from investment activities totaled $250,125.00, significantly lower than $7,103,304.23 in the previous period, a decrease of approximately 96.48%[36]. - Net cash outflow from investment activities was -$12,405,207.47, compared to -$10,333,914.49 in the prior period, indicating a worsening of approximately 20.06%[36]. - Cash inflow from financing activities was $100,200,000.00, compared to $0.00 in the previous period[36]. - Net cash outflow from financing activities was $46,520,600.22, improving from -$1,449,412.50 in the prior period[36]. - The impact of exchange rate changes on cash and cash equivalents was -$4,338,308.33, compared to -$876,945.40 in the previous period[36]. - The ending balance of cash and cash equivalents was $316,579,935.76, down from $346,756,529.81 in the previous period[36]. Expenses and Costs - Research and development expenses increased by 37.75% to ¥33,637,833.61 from ¥24,419,266.75 in the previous year[6]. - The company's operating costs rose by 96.94% to ¥165,618,109.78, driven by increased personnel costs due to business growth[6]. - Operating costs for the current period were ¥285,077,280.94, compared to ¥165,272,313.48 in the previous period, indicating an increase of about 72.5%[26]. - The company experienced a 45.44% increase in selling expenses, totaling ¥18,359,117.95, attributed to increased personnel investment[6]. Assets and Liabilities - The total assets at the end of Q1 2022 were ¥2,362,519,002.16, a slight decrease of 0.08% from ¥2,364,514,090.83 at the end of the previous year[3]. - The total liabilities amounted to ¥871,957,839.77, slightly up from ¥866,365,766.61 in the previous period, showing a marginal increase of 0.7%[25]. - The total equity attributable to shareholders of the parent company decreased to ¥1,475,578,926.80 from ¥1,486,104,154.59, a decline of approximately 0.6%[25]. - Total liquid assets amount to 338,241,839.86 RMB, down from 575,590,342.33 RMB at the beginning of the year[16]. - Accounts receivable increased to 659,327,126.07 RMB from 546,441,816.55 RMB[16]. - Inventory increased to 616,278,679.91 RMB from 510,705,443.92 RMB[19]. - Short-term borrowings increased to 300,000,000.00 RMB from 249,800,000.00 RMB[19]. - The total number of restricted shares at the end of the period is 110,024,255 shares, unchanged from the beginning of the period[15]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 48,478[11]. - Wang Changchun holds 14.96% of shares, totaling 107,882,344 shares, with 80,911,758 shares under pledge[11]. - Tencent Information Technology Co., Ltd. holds 6.67% of shares, totaling 48,082,500 shares[11]. Strategic Outlook - The company has no new strategies or significant events reported in the quarter[21]. - The company plans to continue focusing on market expansion and new product development to improve future performance[28].

Financial Performance - The company's profitability significantly declined compared to the previous year, primarily due to increased labor costs and upfront investments in major industry businesses[11]. - The total operating revenue for 2021 was CNY 1,572,018,847.57, representing a 1.37% increase from CNY 1,550,839,809.39 in 2020[30]. - The net profit attributable to shareholders for 2021 was CNY 126,151,384.99, a decrease of 46.73% compared to CNY 236,831,481.54 in 2020[30]. - The net cash flow from operating activities for 2021 was CNY 33,437,162.93, down 76.34% from CNY 141,328,743.99 in 2020[30]. - Basic earnings per share for 2021 were CNY 0.1760, a decline of 47.77% from CNY 0.3370 in 2020[30]. - The total assets at the end of 2021 were CNY 2,364,514,090.83, an increase of 15.75% from CNY 2,042,805,496.90 at the end of 2020[30]. - The weighted average return on net assets for 2021 was 8.27%, down from 14.48% in 2020, reflecting a decrease of 6.21%[30]. - The company reported a net profit of CNY 11,946,751.56 in Q1 2021, followed by a loss of CNY 3,429,374.53 in Q2 2021[35]. - In Q4 2021, the net profit attributable to shareholders was CNY 107,282,519.64, indicating a strong recovery in the last quarter[35]. - The company’s revenue for the reporting period reached 1,572.02 million CNY, a year-on-year increase of 1.37%[66]. - Operating costs amounted to 909.39 million CNY, reflecting a year-on-year increase of 17.92%[66]. - Net profit attributable to shareholders was 126.15 million CNY, a decrease of 46.73% compared to the previous year[66]. Market Expansion and Strategy - In 2021, the company achieved a notable presence in the financial technology sector, gaining high recognition from clients and expanding its overseas market presence, particularly in Southeast Asia[11]. - The company aims to deepen its market presence in Southeast Asia, leveraging its digital strategy to explore new business models and enhance its product offerings[12]. - The company plans to enhance product R&D investment to support digital transformation in the financial sector, leveraging its technological advantages and core systems[46]. - The company aims to expand its overseas market presence, starting with Southeast Asia, to support the global financial institutions' digital transformation[63]. - The company is positioned to capitalize on the digital transformation wave in the banking sector, with a focus on innovative financial services and technology integration[46]. - The company is exploring various value management application scenarios to improve the competitiveness of its comprehensive value management system[103]. Challenges and Risks - The company anticipates 2022 will be challenging, facing multiple difficulties including technological innovation and product upgrades amid ongoing global uncertainties[13]. - The company has acknowledged risks such as the ongoing COVID-19 pandemic, intensified market competition, and increasing accounts receivable[5]. - The company faces risks from increasing market competition and the need for continuous innovation in product development to maintain its leading position[183]. - The company is experiencing a gradual increase in accounts receivable due to longer project execution and acceptance cycles, which could impact cash flow[183]. - The company acknowledges the ongoing risk of regional COVID-19 outbreaks affecting operations and is committed to enhancing pandemic prevention measures while seizing market opportunities[182]. Research and Development - The company achieved 100% independent research and development for its full financial value chain management product line, fully compatible with mainstream domestic software and hardware[62]. - The company has established a leading position in the core business product field through continuous technological innovation and iteration since 2003, including the launch of the first Java-based core system in 2013 and the first distributed core system in 2014[69]. - The R&D investment focuses on enhancing the digital banking market, with ongoing projects like iCore3.3 aimed at building operational reporting frameworks and optimizing marketing codes[97]. - The company is focusing on developing a distributed microservice platform ecosystem to improve integration with third-party platforms and enhance overall operational efficiency[126]. - R&D investment in 2021 amounted to ¥148,014,746.14, representing 9.42% of operating revenue, a decrease from 11.60% in 2020[137]. Corporate Governance and Management - The company maintains complete independence from its controlling shareholder in terms of business, personnel, assets, and finance, ensuring no conflicts of interest or unfair related transactions[196]. - The company has established an independent financial accounting system and does not share bank accounts with its controlling shareholder[196]. - The company has a complete and independent internal management system, allowing it to exercise management authority without interference from the controlling shareholder[196]. - The company emphasizes transparency in information disclosure, ensuring timely and accurate communication with investors through designated platforms[192]. - The company has a performance evaluation and incentive mechanism in place for its directors, supervisors, and senior management, aligning with its development status[195]. Employee Management and Development - Management identified issues with low employee efficiency and decision-making speed due to rapid expansion, prompting plans to improve talent development and establish a dedicated management department[12]. - The company emphasizes the importance of talent management and has established a dedicated department to support employee growth and retention[183]. - The company is focused on maintaining a stable core team by improving compensation and benefits to attract and retain high-end talent[183]. - The company has implemented two stock incentive plans and is committed to enhancing employee equity incentives to ensure long-term competitiveness[183]. Awards and Recognition - The company was recognized as one of the "Top 100 Software and Information Technology Service Enterprises" in 2021, highlighting its comprehensive strength in the financial software and information technology service sector[69]. - The company won multiple awards in 2021, including the "Fastest Growing Fintech Company" and various innovation awards, showcasing its technological innovation and international capabilities[69]. - The company has been recognized for its contributions to digital transformation in the financial sector, being named one of the "Top 50 Pioneers in Digital Transformation" in China[69].

Financial Performance - The company's revenue for Q3 2021 was ¥285,724,775.85, representing a 2.66% increase year-over-year, while the year-to-date revenue reached ¥778,334,677.77, up 19.94% compared to the same period last year[4] - Net profit attributable to shareholders for Q3 2021 was ¥10,351,488.32, a decrease of 67.06% year-over-year, with a year-to-date net profit of ¥18,868,865.35, down 44.66% compared to the previous year[4] - Total operating revenue for the third quarter reached ¥778,334,677.77, an increase of 19.9% compared to ¥648,952,600.65 in the same period last year[29] - Net profit for the quarter was ¥19,768,442.01, a decrease of 42.9% from ¥34,648,641.16 in the previous year[32] - Earnings per share (EPS) for the quarter was ¥0.0265, down from ¥0.0492 in the same period last year[35] - The total comprehensive income for the quarter was ¥20,155,489.45, down from ¥32,674,194.88 in the previous year[35] Cash Flow and Liquidity - The company's cash flow from operating activities showed a net outflow of ¥377,296,695.79 year-to-date, marking an 84.48% decline compared to the same period last year[4] - Operating cash inflow for the current period was CNY 777,246,945.32, an increase from CNY 708,756,973.53 in the previous period, representing a growth of approximately 9.5%[36] - Cash outflow from operating activities totaled CNY 1,154,543,641.11, compared to CNY 913,272,718.78 in the previous period, indicating a significant increase of about 26.4%[39] - The net cash flow from operating activities was -CNY 377,296,695.79, worsening from -CNY 204,515,745.25 in the previous period[39] - The company’s cash flow from operating activities showed a negative trend, indicating potential challenges in maintaining liquidity[39] Assets and Liabilities - Total assets as of the end of Q3 2021 amounted to ¥2,353,159,437.77, reflecting a 15.19% increase from the end of the previous year[4] - The total liabilities increased to ¥959,807,925.19, compared to ¥659,309,740.31 in the previous year, marking a rise of 45.5%[25] - The total liabilities amounted to CNY 1,416,907,132.30, reflecting a stable position compared to the previous period[46] - The company reported a total asset value of CNY 2,042,805,496.90, slightly down from CNY 2,049,453,384.96 in the previous period[46] - The total current liabilities reached ¥542,004,707.42[49] - Non-current liabilities totaled ¥117,305,032.89, with total liabilities at ¥659,309,740.31[49] Inventory and Borrowings - The company reported a significant increase in inventory, which rose by 95.99% year-over-year, attributed to the rapid growth of major clients and longer project cycles[7] - Short-term borrowings increased by 350% to ¥450,000,000.00, primarily due to the need for additional financing[7] - Short-term borrowings rose sharply to RMB 450,000,000.00 from RMB 100,000,000.00, marking a 350% increase[21] Equity and Shareholder Information - Total equity attributable to shareholders reached ¥1,381,371,232.09, slightly up from ¥1,372,346,713.06, indicating a growth of 0.7%[25] - The company reported a total of 110,024,255 shares with restrictions at the end of the period, down from 111,492,896 shares at the beginning of the period[15] - The company’s total equity is implied to have increased, given the rise in total assets and the changes in liabilities[18] Investment and Expenses - Investment income for Q3 2021 was reported at ¥1,380,759.09, a 157.34% increase, mainly from the disposal of a subsidiary[10] - The company experienced a 69.80% increase in sales expenses year-to-date, totaling ¥80,253,340.78, driven by higher personnel costs and increased maintenance expenses[7] - Research and development expenses for the quarter were ¥100,439,986.71, a decrease of 21.1% from ¥127,359,026.50 in the previous year[29] Future Outlook - The company is focusing on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the report[17] - The company plans to focus on market expansion and new product development in the upcoming quarters[28]

Financial Performance - The company reported a total revenue of RMB 500 million for the first half of 2021, representing a year-on-year increase of 20%[21]. - The net profit attributable to shareholders was RMB 100 million, up 15% compared to the same period last year[21]. - The company's operating revenue for the reporting period was ¥492,609,901.92, representing a 32.91% increase compared to ¥370,643,910.11 in the same period last year[29]. - Net profit attributable to shareholders was ¥8,517,377.03, a significant increase of 219.11% from ¥2,669,091.39 in the previous year[29]. - The company achieved operating revenue of 492.61 million yuan, representing a year-on-year growth of 32.91%[41]. - The net profit attributable to shareholders reached 8.52 million yuan, with a year-on-year increase of 219.11%[41]. - The company reported a revenue of 28 million RMB from related party transactions, accounting for 0.06% of total similar transactions[127]. - Shenzhen Changliang Technology Co., Ltd. reported a total revenue of 1,794 million CNY for the first half of 2021, reflecting a growth of 17.32% compared to the previous period[135]. User Growth and Market Expansion - User data showed an increase in active users by 30%, reaching a total of 1.5 million users[21]. - The company is expanding its market presence in Southeast Asia, with plans to establish a subsidiary in Thailand[21]. - The company has achieved 100% coverage of big data services in joint-stock banks, winning multiple projects from major banks[41]. - Sales contract amounts for overseas business increased by over 85% year-on-year during the reporting period, indicating a recovery in international markets[44]. Investment and Development - The company plans to invest RMB 200 million in new product development and technology research in the next fiscal year[21]. - The company has been focusing on providing financial technology application solutions for financial institutions, with a strong emphasis on self-developed products[37]. - The company plans to continue integrating and restructuring its digital financial business segments to provide seamless financial service scenarios for clients[37]. - The company plans to increase investment in innovative technology services based on solutions to empower financial institutions[41]. - Continuous investment in product research and development is being pursued, focusing on innovative solutions tailored to market needs and technology transfer from domestic to international markets[81]. Risks and Challenges - The company faces risks including increased competition and potential impacts from the ongoing COVID-19 pandemic[5]. - The company faces risks from the COVID-19 pandemic, which could adversely affect overall business performance if not effectively controlled[80]. - Increased competition in the internet finance sector is anticipated, with a growing demand for IT services from banks and financial institutions, necessitating continued investment in technology and talent[81]. - The company is experiencing a gradual increase in accounts receivable due to longer project execution and acceptance cycles, which may impact asset quality and operational performance[81]. Corporate Governance and Social Responsibility - The company emphasizes a commitment to social responsibility, actively participating in community service and maintaining good public relations with government entities[98]. - The company has a robust governance structure and internal control system to ensure fair treatment of shareholders and compliance with information disclosure obligations[98]. - The company is committed to providing reasonable returns to investors through active cash dividends while meeting operational development needs[98]. - The company has not faced any administrative penalties related to environmental issues during the reporting period and is not classified as a key pollutant discharge unit[96]. Shareholder Information and Stock Incentives - A total of 13,706,590 shares from the 2018 restricted stock incentive plan were unlocked for trading on June 18, 2021, as part of the third unlocking period[91]. - The company decided to repurchase and cancel 478,916 shares of restricted stock at a price of 4.224 CNY per share, totaling 2,022,941.18 CNY due to certain performance targets not being met[92]. - The total number of shares before the change was 721,479,478, with a total of 138,231,411 shares subject to restrictions, representing 19.16% of the total[156]. - The company’s stock incentive plan has resulted in 13,369,090 shares being released from restrictions, with 478,916 shares remaining under the incentive plan[159]. Financial Position and Assets - The total assets at the end of the reporting period were ¥2,157,073,363.08, reflecting a 5.59% increase from ¥2,042,805,496.90 at the end of the previous year[29]. - Total current assets increased to CNY 1,550,672,136.23 as of June 30, 2021, up from CNY 1,416,907,132.30 at the end of 2020, representing an increase of approximately 9.4%[186]. - Accounts receivable rose to CNY 556,603,838.94, compared to CNY 475,413,133.21 at the end of 2020, marking an increase of about 17.0%[183]. - Inventory significantly increased to CNY 576,468,032.52 from CNY 343,403,452.57, reflecting a growth of approximately 67.9%[183].

Financial Performance - Total revenue for Q1 2020 was ¥132,358,212.94, a decrease of 31.62% compared to ¥193,551,691.09 in the same period last year[8] - Net profit attributable to shareholders was -¥24,732,807.11, representing a decline of 471.21% from ¥6,662,778.11 in the previous year[8] - Basic earnings per share were -¥0.0357, a decrease of 272.46% from ¥0.0207 in the previous year[8] - The company's operating revenue for the reporting period was CNY 132,358,212.94, a decrease of 31.62% compared to the same period last year[23] - The net profit attributable to shareholders was CNY -2,473,280.00, reflecting a decline due to the impact of the COVID-19 pandemic and changes in revenue recognition standards[27] - The company reported a net profit of CNY 5,613,797.41, down from CNY 436,854,590.17 in the previous period, indicating a significant decline in profitability[56] - The net profit for the current period was a loss of ¥25,228,698.72, compared to a profit of ¥6,893,239.16 in the previous period[69] - The company reported a total comprehensive loss of ¥21,735,690.56 for the current period, compared to a comprehensive income of ¥5,049,733.57 in the previous period[72] Cash Flow and Liquidity - Net cash flow from operating activities was -¥182,082,801.96, worsening by 37.96% compared to -¥131,980,638.53 in the same period last year[8] - Cash and cash equivalents decreased by 49.32% to CNY 318,955,471.25, primarily due to new financing loans from the previous year[23] - The company reported a cash balance of ¥318,955,471.25 as of March 31, 2020, down from ¥629,291,507.61 in the previous period[47] - Cash inflow from operating activities amounted to 116,421,423.69 CNY, an increase from 107,694,415.44 CNY year-over-year[80] - Cash outflow from operating activities totaled 298,504,225.65 CNY, up from 239,675,053.97 CNY in the previous period[83] - The ending cash and cash equivalents balance was 312,711,376.29 CNY, down from 392,009,207.33 CNY in the previous period[86] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,967,619,939.86, down 10.35% from ¥2,194,793,196.87 at the end of the previous year[8] - Total liabilities increased to CNY 971,132,637.47 from CNY 1,484,090,178.04, indicating a significant reduction in total liabilities[63] - Total assets decreased to CNY 2,022,521,727.04 from CNY 2,605,451,590.92, reflecting a decline in overall asset value[63] - Total current liabilities amounted to CNY 798,907,389.47, down from CNY 1,311,804,930.04, showing a decrease of approximately 39%[63] - Total liabilities increased by 307,765,479.92 CNY, from 696,460,131.61 CNY to 1,004,225,611.53 CNY[95] - Total equity decreased by 412,992,173.67 CNY, from 1,498,333,065.26 CNY to 1,085,340,891.59 CNY[95] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 40,678[12] - The largest shareholder, Wang Changchun, held 14.93% of the shares, totaling 71,921,563 shares[12] - Tencent Information Technology Co., Ltd. held 6.65% of the shares, totaling 32,055,000 shares[12] Investments and Projects - Research and development expenses increased by 88.51% to CNY 27,786,204.40, indicating a significant investment in R&D[23] - The company has a commitment to invest in various projects, with a completion rate of 92.05% for cash payment projects[37] - The financial informatization solution project has a completion rate of 62.45% as of June 30, 2020[37] - The company has a total of 25 investment projects, with a significant portion already realized in benefits[37] - The company is focused on ensuring that its fundraising projects align with its strategic interests[36] Regulatory and Compliance - The company is actively responding to feedback from the regulatory body regarding its bond issuance application[31] - The company received acceptance from the China Securities Regulatory Commission for its application to issue convertible bonds on November 18, 2019[30] - The company has not encountered any overdue commitments from major stakeholders during the reporting period[32] - There were no violations regarding external guarantees during the reporting period[42] - The company did not audit the first quarter report[104] Revenue Recognition Changes - The total amount of contract liabilities reached CNY 415,152,289.84, reflecting a 100% increase due to new revenue recognition standards[23] - The company adopted new revenue recognition standards effective January 1, 2020, impacting various financial statement items[97] - Contract liabilities increased by 352,673,073.60 CNY, reflecting a reclassification of advance receipts due to new revenue standards[97]

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the fiscal year 2020, representing a year-over-year growth of 15%[22]. - The company's operating revenue for 2020 was ¥1,550,839,809.39, representing an increase of 18.28% compared to ¥1,311,125,161.56 in 2019[35]. - The net profit attributable to shareholders for 2020 was ¥236,831,481.54, a significant increase of 71.71% from ¥137,926,045.87 in 2019[35]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥223,905,787.78, up 73.43% from ¥129,107,755.10 in 2019[35]. - The gross profit margin improved to 45%, up from 42% in the previous year, indicating better cost management[22]. - The company achieved operating revenue of CNY 1,550.84 million, a year-on-year increase of 18.28%[65]. - The net profit attributable to shareholders was CNY 236.83 million, up 71.71% year-on-year, with a net profit of CNY 223.91 million after deducting non-recurring gains and losses, an increase of 73.43%[65]. Investment and R&D - The company is investing RMB 200 million in R&D for new technologies, focusing on AI and big data analytics[22]. - In 2020, the company's R&D investment accounted for approximately 11.60% of its revenue, maintaining over 10% for several consecutive years, which contributed to its technological leadership in the financial technology sector[56]. - Research and development investment amounted to CNY 180 million, accounting for 11.60% of operating revenue[65]. - The company has invested ¥1,912,213.44 in the Longbright Open Platform V1.0 project, which provides external developers with professional support for application development[107]. Market Expansion and Strategy - The company plans to increase investment in its financial services subsidiary, positioning it as a provider of professional services[12]. - Market expansion plans include entering Southeast Asian markets, targeting a revenue contribution of 15% from these regions by 2022[22]. - The company is expanding its overseas business by promoting cloud banking solutions and exploring new SaaS business models in Southeast Asia[169]. - The company aims to simplify business processes and decentralize management to empower frontline employees[13]. Profit Distribution - The company reported a profit distribution plan, proposing a cash dividend of 0.7 yuan per 10 shares (before tax) based on a total of 721,479,478 shares[4]. - The total cash dividend amount for 2020 is RMB 50,503,563.46, which accounts for 21.32% of the company's net profit attributable to ordinary shareholders[186]. - The company’s distributable profit for the reporting period was RMB 219,521,699.71, with 100% of the profit allocated for cash dividends[185]. Client and Market Position - The company has achieved a 95% client coverage rate among commercial banks capable of building their own financial IT systems, establishing itself as an industry leader[50]. - By the end of 2020, the company collaborated with 5 out of 6 major state-owned commercial banks and 11 out of 12 nationwide joint-stock banks, achieving over 86% coverage of clients with assets exceeding 500 billion[53]. - The company has established strategic partnerships, including collaboration with Huawei Cloud and signing a memorandum of understanding with ADGM to promote global financial digital transformation[61]. Challenges and Risks - The company acknowledges the uncertainty in its future development path due to rapid changes in technology and market dynamics[8]. - The company faces market competition risks from various players in the financial technology sector, necessitating continuous market monitoring and R&D investment[170]. - The company is at risk of losing key technical personnel, which could severely impact its business and technological development, and is committed to talent retention strategies[170]. Innovation and Technology - The company emphasized the importance of integrating business and technology, focusing on distributed and cloud-based solutions for future development[9]. - The company focuses on providing financial technology application solutions based on self-developed products, with a primary revenue model centered on customized software development services[47]. - The company has made preparations for digital currency technology, anticipating business opportunities in the banking system once digital currency is fully implemented[47]. Employee and Talent Management - The company is committed to fostering innovation from frontline employees and enhancing talent development and recruitment[13]. - The company has a stable talent pool, with over 90% of its employees being technical staff, and has implemented multiple stock incentive plans to retain core employees[61]. - The company recognizes talent as its greatest asset, implementing measures to empower employees, streamline processes, and enhance innovation from the grassroots level[166].

Financial Performance - The company's revenue for Q1 2021 was ¥169,993,782.61, representing a 28.43% increase compared to ¥132,358,212.94 in the same period last year[7] - Net profit attributable to shareholders was ¥11,946,751.56, a significant turnaround from a loss of ¥24,732,807.11, marking a 148.30% improvement[7] - The net profit after deducting non-recurring gains and losses was ¥3,484,779.30, compared to a loss of ¥25,738,283.52, reflecting a 113.54% increase[7] - Basic earnings per share rose to ¥0.0168 from a loss of ¥0.0357, an increase of 147.06%[7] - The weighted average return on equity improved to 0.87% from -2.32%, an increase of 3.19%[7] - The company achieved operating revenue of 169.99 million yuan, an increase of 28.43% compared to the same period last year[22] - The net profit attributable to shareholders of the listed company was 11.95 million yuan, a significant increase of 148.30% year-on-year[21] - The company reported a net profit of CNY 261.79 million, up from CNY 249.84 million, indicating an increase of about 4.4%[43] - The company achieved a total comprehensive income of CNY 13,023,388.90, recovering from a loss of CNY -21,735,690.56 in the previous year[60] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,042,667,865.32, a slight decrease of 0.01% from the previous year[7] - The net assets attributable to shareholders increased to ¥1,385,111,610.77, up 0.93% from ¥1,372,346,713.06[7] - As of March 31, 2021, the total current assets amounted to approximately CNY 1.43 billion, showing a slight increase from CNY 1.42 billion at the end of 2020[34] - The total non-current assets were reported at CNY 613.68 million, down from CNY 625.90 million, reflecting a decrease of about 1.4%[37] - Total liabilities decreased to CNY 646.20 million from CNY 659.31 million, a reduction of approximately 2%[40] - The company's total equity increased to CNY 1.39 billion from CNY 1.38 billion, showing a growth of about 0.8%[43] - The total liabilities decreased to CNY 1,009,011,667.37 from CNY 1,156,718,473.37, indicating a reduction of 12.8%[50] - The company's total equity stood at CNY 1,246,374,028.55, slightly down from CNY 1,248,633,661.20 year-over-year[50] - Total liabilities reached approximately ¥1.16 billion, with current liabilities at ¥1.06 billion and non-current liabilities at ¥93.93 million[91] Cash Flow - The company reported a net cash flow from operating activities of -¥114,030,002.63, an improvement of 37.37% from -¥182,082,801.96[7] - Cash inflows from operating activities totaled 190,056,185.64, up from 116,421,423.69 in the previous period, representing an increase of approximately 63%[72] - Cash outflows from operating activities amounted to 304,086,188.27, compared to 298,504,225.65 in the previous period, showing a slight increase of about 1.9%[72] - The net cash flow from operating activities is -114,030,002.63, an improvement from -182,082,801.96 in the previous period, indicating a reduction in cash burn[72] - The company recorded a cash flow from investment activities of -10,333,914.49, an improvement from -23,091,236.46 in the previous period, indicating a reduction in cash outflow from investments[72] - The cash inflow from the disposal of subsidiaries and other business units was $26,000,000.00[78] Shareholder Information - The top shareholder, Wang Changchun, holds 14.95% of the shares, totaling 107,882,344 shares[11] - Tencent holds 6.66% of the shares, amounting to 48,082,500 shares[11] Operational Highlights - Other receivables increased by 33.52% to 32.18 million yuan, mainly due to increased performance guarantees and deposits[21] - Inventory rose by 42.41% to 489.04 million yuan, primarily due to increased performance costs for unaccepted projects[21] - Development expenses surged by 82.24% to 32.63 million yuan, driven by new R&D investments[21] - Financial expenses increased by 173.51% to 636,972.06 yuan, attributed to exchange rate fluctuations[21] - Other income rose by 423.09% to 6.74 million yuan, mainly due to increased government subsidies received[21] - Investment income reached 3.56 million yuan, a significant increase of 503.84% due to the disposal of a subsidiary[21] - Research and development expenses for Q1 2021 were CNY 24,419,266.75, down 12.5% from CNY 27,786,204.40 in the same period last year[53] Future Outlook - The company plans to expand its market presence and invest in new technologies to enhance product offerings in the upcoming quarters[39] - The company is focusing on improving its receivables management to reduce the accounts receivable turnover days in the future[39]

Financial Performance - Operating revenue for the reporting period was CNY 278,308,690.54, an increase of 30.28% year-on-year[7] - Net profit attributable to shareholders of the listed company was CNY 31,426,534.53, up 106.61% compared to the same period last year[7] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 30,373,770.06, an increase of 112.18% year-on-year[7] - Basic earnings per share were CNY 0.0444, an increase of 22.65% year-on-year[7] - Diluted earnings per share were CNY 0.0437, an increase of 24.50% compared to the same period last year[7] - The weighted average return on net assets was 2.72%, an increase of 1.55% year-on-year[7] - The company reported a profit margin of approximately 11.4% for the current period, up from 7.0% in the previous period[53] - Net profit for the current period was ¥34,648,641.16, compared to ¥24,587,696.67 in the previous period, representing an increase of approximately 41.9%[67] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,948,695,724.82, a decrease of 11.21% compared to the end of the previous year[7] - Total liabilities increased from CNY 696,460,131.61 to CNY 767,621,471.87, reflecting a growth of around 10.2%[37] - Owner's equity decreased from CNY 1,498,333,065.26 to CNY 1,181,074,252.95, a decline of about 21.2%[40] - Total assets decreased from CNY 2,194,793,196.87 to CNY 1,948,695,724.82, a decline of approximately 11.2%[40] - Current liabilities rose from CNY 513,807,904.55 to CNY 660,921,547.83, an increase of approximately 28.7%[37] - The total liabilities decreased from ¥1,484,090,178.04 to ¥950,401,647.01, a reduction of 36.0%[47] Cash Flow - The net cash flow from operating activities was CNY -8,729,636.33, a decrease of 70.91% compared to the previous year[7] - The company reported a net cash flow from financing activities of CNY 31,484,109.61, a decrease of 90.33% compared to CNY 325,487,409.45 from the previous year[24] - Cash and cash equivalents dropped significantly from CNY 552,349,690.69 to CNY 231,675,627.25, a decrease of approximately 58.1%[41] - Cash inflow from financing activities was $360.69 million, significantly lower than $1.06 billion in the previous period, a decrease of 66%[90] - Cash outflow from financing activities was $408.44 million, compared to $849.60 million in the previous period, a reduction of 52%[90] Investments and Expenses - The company received government subsidies amounting to CNY 7,927,719.02 during the reporting period[7] - Research and development expenses rose to ¥47,645,654.53, compared to ¥41,689,831.74, marking an increase of 14.0%[50] - The company reported a loss from investment income of CNY -2,407,912.49, a decline of 253.90% compared to CNY 1,564,583.62 from the previous year[24] - Financial expenses for the period were ¥10,027,272.94, compared to ¥9,175,774.55 in the previous period[67] - The company experienced a significant increase in income tax expenses, rising by 447.47% to CNY 10,041,982.60 from CNY 1,834,253.35 due to increased profitability of subsidiaries[24] Changes in Financial Position - Accounts receivable dropped by 69.63% to CNY 276,965,609.05 from CNY 911,922,444.92, attributed to adjustments in the new revenue recognition standards[21] - Inventory surged by 27,427.87% to CNY 561,280,153.27 from CNY 2,038,952.71, resulting from changes in revenue recognition methods[21] - Long-term equity investments increased by 1,722.40% to CNY 3,339,209.11 from CNY 183,231.39 due to additional investments in joint ventures[21] - The company’s long-term equity investments increased from CNY 693,437,804.34 to CNY 714,644,800.75, an increase of approximately 3.0%[44] - The company has implemented new revenue recognition standards since January 1, 2020, affecting various financial statement items[1] Shareholder Information - Net assets attributable to shareholders of the listed company were CNY 1,170,617,321.81, down 21.29% from the previous year[7] - The total number of restricted shares at the end of the period was 138,231,411 shares, with a decrease of 1,235,925 shares during the period[18] - The company has no significant non-operating fund occupation by controlling shareholders or related parties during the reporting period[26]

Financial Performance - The company reported a revenue of RMB 300 million for the first half of 2020, representing a year-on-year increase of 15%[18]. - The net profit attributable to shareholders was RMB 50 million, up 20% compared to the same period last year[18]. - The company's operating revenue for the reporting period was ¥370,643,910.11, a decrease of 28.80% compared to the same period last year[27]. - The net profit attributable to shareholders was ¥2,669,091.39, reflecting a decline of 69.20% year-on-year[27]. - The net profit after deducting non-recurring gains and losses was -¥2,944,729.85, a decrease of 156.77% compared to the previous year[27]. - The total assets at the end of the reporting period were ¥1,910,773,249.53, down 12.94% from the end of the previous year[27]. - The net assets attributable to shareholders decreased by 23.19% to ¥1,142,415,363.94 compared to the previous year[27]. - The cash flow from operating activities was -¥195,786,108.92, showing a slight increase of 0.63% compared to the previous year[27]. - The company reported a revenue increase of 24% year-over-year for the first half of 2020[115]. - The company reported a revenue of 1.5 billion RMB for the first half of 2020, representing a year-over-year increase of 20%[139]. User Growth - User data showed an increase in active users by 25%, reaching a total of 1.5 million users[18]. - User data showed a growth in active users, reaching 25 million, which is a 30% increase compared to the previous year[116]. - User data showed an increase in active users by 15% compared to the previous year, reaching 2 million active users[139]. Research and Development - The company plans to invest RMB 100 million in new product development and technology research in the next fiscal year[18]. - In the first half of 2020, the company's R&D investment accounted for approximately 25.61% of its revenue, reinforcing its product and technological advantages[43]. - Research and development expenses increased by 21.42% to CNY 94.92 million, reflecting the company's commitment to enhancing existing products and developing new technologies[52]. - Investment in R&D increased by 30% year-over-year, focusing on new technologies and product innovations[139]. - The company plans to continue investing in R&D to enhance its enterprise-level distributed service platform and other technologies as part of its "Changliang Technology 2.0" development strategy[51]. Market Expansion - The company is expanding its market presence in Southeast Asia, targeting a 30% increase in market share by the end of 2021[18]. - The company is expanding its market presence in Southeast Asia, targeting a 20% market share by 2022[120]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2021[139]. Strategic Initiatives - The company is exploring potential mergers and acquisitions to enhance its technological capabilities[18]. - The company is considering strategic acquisitions to bolster its product offerings and market reach[122]. - A strategic acquisition of a local tech firm is anticipated to enhance the company's product offerings and market reach[139]. Operational Efficiency - The company has implemented new strategies to improve operational efficiency, aiming for a 5% reduction in operational costs[18]. - A new technology platform is set to launch in Q4 2020, anticipated to improve operational efficiency by 25%[123]. - The company aims to reduce operational costs by 15% through process optimization initiatives[124]. Risks and Challenges - Risks identified include market competition and potential impacts from the COVID-19 pandemic[6]. - The COVID-19 pandemic has impacted business expansion, particularly affecting overseas subsidiaries, with risks still present in the latter half of the year[102]. Shareholder Returns - No cash dividends will be distributed to shareholders for this fiscal year[7]. - The commitment to shareholder returns remains strong, with plans to increase dividends by 5% in the upcoming fiscal year[125]. - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[107]. Awards and Recognition - The company has been recognized as one of the "Top 50 Most Innovative Companies in China" by Forbes in 2020, reflecting its strong market reputation[43]. - The company won three awards at the "2020 Financial Data Intelligence Excellent Solution Evaluation," highlighting its advanced intelligent risk control solutions[42]. Financial Management - The company reported a government subsidy of ¥6,688,047.87, contributing positively to its financial performance[34]. - The company has not engaged in any entrusted financial management or derivative investments during the reporting period[90][91]. - The company did not engage in any significant environmental protection issues as it is a software enterprise and not classified as a major pollutant by environmental authorities[182]. Stock and Shares - The total number of shares increased to 722,715,403 after a capital reserve conversion of 5 shares for every 10 shares held[193]. - The company distributed a cash dividend of 0.12 RMB per share (including tax) based on a total share capital of 481,810,269 shares[193]. - The total number of limited shares at the end of the period was 85,411,629, with significant unlocks occurring for key executives[196]. - The total number of shares held by major shareholders with over 5% ownership reached 39,264, with Wang Changchun holding 14.93% of shares, amounting to 107,882,344 shares[200].

Financial Performance - The company's operating revenue for Q1 2021 was ¥169,993,782.61, a decrease of 6.62% compared to ¥182,036,877.16 in the same period last year[8] - Net profit attributable to shareholders was ¥11,946,751.56, representing a significant increase of 556.39% from ¥1,820,061.10 in the previous year[8] - The net profit after deducting non-recurring gains and losses was ¥3,484,779.30, up 334.23% from ¥802,517.36 year-on-year[8] - The basic earnings per share increased to ¥0.0168, a rise of 250.00% compared to ¥0.0048 in the same period last year[8] - The diluted earnings per share reached ¥0.0166, reflecting a growth of 260.87% from ¥0.0046 in the previous year[8] - The company reported a net profit of CNY 261.79 million as of March 31, 2021, compared to CNY 249.84 million at the end of 2020, indicating an increase of approximately 4.8%[43] - The company achieved an investment income of CNY 3,559,374.29 in Q1 2021, a recovery from a loss of CNY 881,382.01 in Q1 2020[53] Cash Flow and Liquidity - The net cash flow from operating activities improved to -¥114,030,002.63, a 37.37% improvement from -¥182,082,801.96 year-on-year[8] - Cash inflow from operating activities totaled 190,056,185.64, compared to 116,421,423.69 in the previous period, showing a significant increase[72] - Cash outflow from operating activities was 304,086,188.27, slightly higher than 298,504,225.65 in the previous period[72] - The net cash flow from operating activities was -114,030,002.63, an improvement from -182,082,801.96 in the previous period[72] - Cash and cash equivalents at the end of the period amounted to 346,756,529.81, compared to 312,711,376.29 at the end of the previous period[74] - The company received cash from sales of goods and services totaling 182,697,470.53, up from 112,036,475.24 in the previous period[68] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,042,667,865.32, a slight decrease of 0.01% from ¥2,042,805,496.90 at the end of the previous year[8] - Total liabilities decreased from CNY 659.31 million to CNY 646.20 million, reflecting a reduction of about 2%[40] - The total current assets amounted to approximately CNY 1.43 billion, showing a slight increase from CNY 1.42 billion at the end of 2020[34] - The total non-current assets decreased from CNY 625.90 million to CNY 613.68 million, a decline of approximately 1.8%[37] - The total liabilities as of Q1 2021 amounted to CNY 1,009,011,667.37, down from CNY 1,156,718,473.37 in the previous year[50] Shareholder Information - Net assets attributable to shareholders increased to ¥1,385,111,610.77, up 0.93% from ¥1,372,346,713.06 at the end of the previous year[8] - The total number of ordinary shareholders at the end of the reporting period was 45,679[12] - The company’s total equity remained unchanged at ¥1,383,495,756.59, indicating stability in shareholder value[84] Operational Highlights - The company received government subsidies amounting to ¥5,545,067.30 during the reporting period[8] - Development expenses surged by 82.24% to CNY 32.63 million, driven by new R&D investments[22] - The company has allocated CNY 32.63 million for development expenditures, which is an increase from CNY 17.91 million in the previous period, reflecting a focus on innovation[37] - The company has no significant changes in its core technology team or major risks affecting future operations during the reporting period[25] - The company plans to expand its market presence and invest in new product development to drive future growth[39] Inventory and Receivables - Inventory rose by 42.41% to CNY 489.04 million, mainly due to increased performance costs for unaccepted projects[22] - Accounts receivable decreased from CNY 475.41 million to CNY 459.73 million, indicating a reduction of approximately 3.4%[34] - Other receivables increased by 33.52% to CNY 32.18 million, primarily due to increased performance guarantees and deposits[22] Compliance and Standards - The company recognized right-of-use assets and lease liabilities totaling CNY 5.78 million due to the implementation of new leasing standards[22] - The implementation of the new leasing standard resulted in an increase of ¥2.92 million in right-of-use assets and lease liabilities[91] - The first quarter report for 2021 was not audited[92]