Financial Performance - The company's operating revenue for the reporting period was ¥291,360,413.03, representing a year-on-year increase of 19.28% compared to ¥244,260,182.98 from the previous year[22]. - The net profit attributable to shareholders for the reporting period was ¥41,559,285.26, reflecting a growth of 20.98% from ¥34,352,271.94 in the same period last year[22]. - The net profit after deducting non-recurring gains and losses was ¥41,236,496.59, which is a 20.51% increase from ¥34,217,117.92 in the previous year[22]. - The basic earnings per share for the reporting period was ¥0.0693, up 22.22% from ¥0.0567 in the same period last year[22]. - The total assets at the end of the reporting period were ¥2,668,651,392.85, a decrease of 1.28% from ¥2,703,135,677.89 at the end of the previous year[22]. - The net assets attributable to shareholders increased by 2.81% to ¥2,147,499,694.71 from ¥2,088,855,347.25 at the end of the previous year[22]. - The company achieved operating revenue of 291.36 million yuan, a year-on-year increase of 19.28%[90]. - Net profit attributable to ordinary shareholders reached 41.56 million yuan, up 20.98% compared to the same period last year[90]. - R&D investment amounted to 45.24 million yuan, reflecting a slight increase of 0.78% year-on-year[90]. - Total operating revenue for the first half of 2021 reached ¥291.36 million, an increase of 19.2% compared to ¥244.26 million in the same period of 2020[189]. - Total operating costs amounted to ¥233.34 million, up 20.7% from ¥193.29 million year-on-year[189]. - Net profit for the first half of 2021 was ¥46.00 million, representing a growth of 30.8% from ¥35.17 million in the first half of 2020[191]. Risk Management - The report emphasizes the importance of risk awareness regarding future plans and performance forecasts[4]. - The report includes a detailed description of potential operational risks and corresponding mitigation measures[4]. - The company has not engaged in derivative investments or entrusted loans during the reporting period[106][107]. - The company has experienced a significant increase in accounts receivable due to rapid business expansion, which has impacted cash flow and may pose liquidity risks if bad debts occur[115]. - The company plans to implement real-time tracking and regular analysis of accounts receivable to mitigate collection risks and improve cash flow as its business model diversifies[115]. Corporate Governance - The management team guarantees the accuracy and completeness of the financial report[3]. - The company has not changed its registered address or contact information during the reporting period[19]. - The company has established a comprehensive qualification certification system, covering various fields such as information services, engineering consulting, and construction, which enhances its competitive edge in the market[78]. - The company’s governance and organizational structure have been further improved following the completion of the shareholding reform[156]. - The total number of ordinary shareholders at the end of the reporting period is 19,614[165]. Research and Development - The company’s R&D investment for the reporting period was CNY 45.24 million, accounting for 15.53% of total revenue, focusing on self-controllable BIM key technologies and related product development[76]. - The company achieved a research and development milestone by obtaining 7 new authorized patents and 9 new patent applications during the reporting period, including 8 invention patents[76]. - The company emphasizes continuous innovation and R&D investment to maintain its technological leadership and core competitiveness[113]. - The company is advancing its technology integration with big data, IoT, and AI to support industry digital transformation[86]. Market Position and Strategy - The company is focusing on the development of BIM platform software and digital applications, targeting sectors such as electricity, water conservancy, and transportation[30]. - The company has established a comprehensive technical service system for distributed photovoltaic planning, engineering design, and asset operation and maintenance[30]. - The company is positioned to benefit from the national strategy to enhance infrastructure in power, transportation, and water conservancy sectors, aligning with the "14th Five-Year Plan" goals[66]. - The company is one of the few in China providing integrated information services across the entire energy industry chain, enhancing its competitive edge[65]. - The company plans to expand its market presence in the transportation and water conservancy sectors, in addition to its core business in the power industry[114]. Financial Management - The company has not distributed cash dividends, issued bonus shares, or increased capital from reserves[5]. - Operating cash flow net amount decreased by 258.79% to -260.75 million yuan, primarily due to a 32.59% reduction in sales receipts[90]. - Cash and cash equivalents net increase decreased by 304.68% to -369.30 million yuan, attributed to reduced sales receipts and increased procurement payments[90]. - The company is committed to enhancing its financial management practices to mitigate risks associated with seasonal revenue fluctuations[114]. Subsidiaries and Investments - The company has multiple subsidiaries, including Beijing Daoheng Software Co., Ltd. and Yunnan Electric Consulting Co., Ltd.[13]. - The company holds a 69.65% stake in Daoheng Software, which focuses on providing BIM software solutions across various industries[111]. - The company completed the shareholding reform and employee stock ownership plan for its subsidiary, DaoHeng Software, with a registered capital of 60 million RMB, and holds a 69.65% stake in it[156]. - DaoHeng Software aims to focus on the research and development of core BIM technologies and products to expand market scale and improve operational performance[156]. Legal and Compliance - The company has not faced any administrative penalties related to environmental issues during the reporting period[128]. - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[133]. - The company has not engaged in any external guarantees that violate regulations during the reporting period[134]. - The company has not reported any major penalties or compliance issues during the reporting period[140]. - The company has no significant litigation or arbitration matters reported[137].

Financial Performance - The company's revenue declined by 88.28% due to the impact of the COVID-19 pandemic and delays in the resumption of work in the supply chain[5]. - The company reported a total of ¥1,146,222.55 in non-recurring gains and losses for 2020, significantly lower than ¥22,731,960.66 in 2019[29]. - The company's operating revenue for 2020 was ¥965,315,951.82, a decrease of 14.05% compared to ¥1,123,172,356.51 in 2019[23]. - The net profit attributable to shareholders for 2020 was ¥82,452,511.36, down 72.06% from ¥295,056,925.36 in the previous year[23]. - The basic earnings per share for 2020 was ¥0.14, a decline of 71.43% from ¥0.49 in 2019[23]. - The weighted average return on equity for 2020 was 3.79%, down from 15.06% in 2019, reflecting a decrease of 11.27%[23]. - The company reported a net profit attributable to shareholders of ¥-10,752,972 in Q4 2020, compared to ¥58,853,211.5 in Q3 2020[94]. - The company’s net cash flow from operating activities improved to ¥281,780,849.10 in 2020, compared to a negative cash flow of ¥63,523,648.52 in 2019[23]. - The company’s cash balance at the end of 2020 was CNY 804.06 million, an increase of 50.43% compared to the beginning of the year[109]. - The total cash dividend amount for the year 2020, including other methods, is ¥100,087,239.97[171]. Business Strategy and Development - The company has established a strategic positioning as a service provider for BIM platform software and industry digital applications, focusing on energy, transportation, and water conservancy sectors[6]. - The company is leveraging opportunities from national strategies such as "new infrastructure" and "digital China," which are expected to drive growth in energy internet and digital asset applications[8]. - The company plans to selectively reduce projects with long execution cycles and slow payment terms to adapt to its new business layout[6]. - The company has restructured its business model to focus on BIM platform software and digital applications, establishing five key business systems[40]. - The company aims to enhance its service offerings by integrating industry resources through the "Electric + Smart Link Service Cloud Platform"[38]. - The company is focusing on enhancing its governance structure to promote high-quality development in line with regulatory requirements[88]. - The company is actively pursuing market expansion and collaboration opportunities, including potential mergers and acquisitions to strengthen its competitive edge[166]. - The company is committed to ongoing research and development, with significant investments aimed at enhancing its product capabilities and service offerings[165]. Research and Development - Despite the challenges, the company maintained a high ratio of R&D investment, fully expensing it, which negatively impacted net profit levels in the short term[6]. - The company has a mature and efficient R&D innovation system, supporting its continuous business development in the power, transportation, and water conservancy sectors[9]. - The company's R&D investment reached 96.94 million yuan, accounting for 10.04% of the 2020 revenue, focusing on self-controllable BIM key technologies and related product development[60]. - The company has accumulated core technologies in BIM and digitalization, enabling it to support customized product development tailored to industry needs[55]. - The company has established key core technology platforms, including a three-dimensional parameterized modeling engine and a lightweight BIM engine, enhancing its competitive edge in the market[133]. Market Trends and Opportunities - The company sees significant opportunities in the domestic replacement and digital economy sectors, driven by national strategies for technological independence and infrastructure modernization[120]. - The company aims to leverage its technological advantages to meet the diverse needs of new market entrants in the reformed electricity sector[58]. - The national policy support for digital transformation and the growing market demand from downstream customers provide a broad development space for the industry[124]. - The "carbon peak" and "carbon neutrality" goals are driving the development of the company's renewable energy business, indicating a positive outlook for related operations[125]. Operational Challenges - The company faced increased procurement costs for EPC projects due to rising raw material prices, leading to a significant decrease in gross profit margins[6]. - The company faced challenges due to the COVID-19 pandemic, which delayed the resumption of work and affected business progress, particularly with large state-owned enterprises[74]. - The company experienced significant seasonal fluctuations in revenue, with higher sales in the second half of the year due to customer demand patterns[94]. - The company is actively managing accounts receivable to mitigate risks associated with bad debts, ensuring cash flow stability despite the growing balance of receivables[160]. Shareholder and Financial Policies - The profit distribution plan for shareholders includes no cash dividends or stock bonuses, reflecting the company's current financial strategy[11]. - The company plans to distribute a cash dividend of RMB 1.00 per 10 shares, totaling RMB 60,583,896.90, based on a total share count of 605,838,969 as of December 31, 2019[169]. - The company did not distribute cash dividends, issue bonus shares, or increase capital stock from reserves for the year 2020[172]. - The company has committed to transparency and compliance with legal regulations in all its financial dealings[177]. Compliance and Governance - The company has not reported any violations of commitments made to minority shareholders, indicating compliance with all obligations[179]. - The company has maintained a commitment to transparency and compliance with legal regulations in all its financial dealings[177]. - The company has not faced any delisting situations following the annual report disclosure[185]. - The company has no bankruptcy reorganization matters during the reporting period[185].

Financial Performance - The company's operating revenue for Q1 2021 was ¥125,142,026.60, representing an increase of 78.22% compared to ¥70,215,925.77 in the same period last year[7]. - The net profit attributable to shareholders was ¥10,648,528.79, up 81.83% from ¥5,856,151.28 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥10,792,190.56, reflecting a 58.27% increase from ¥6,818,674.35 in the previous year[7]. - The basic earnings per share increased to ¥0.0176, an 81.44% rise compared to ¥0.0097 in the same period last year[7]. - The weighted average return on equity was 0.51%, up from 0.27% year-on-year, indicating improved profitability[7]. - The total operating income for Q1 2021 was CNY 107,750,018.83, compared to CNY 58,879,069.52 in the previous period, indicating a significant increase[61]. - The net profit for Q1 2021 reached CNY 10,618,401.51, up from CNY 6,512,858.05 in the same period last year, reflecting a growth of approximately 63.5%[58]. - The total comprehensive income for Q1 2021 was CNY 32,382,504.44, compared to CNY 5,405,383.77 in the previous year, representing a substantial increase[59]. - The total profit for Q1 2021 was CNY 12,283,385.37, compared to CNY 7,359,711.98 in the previous year, marking an increase of approximately 66.5%[58]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,690,830,693.57, a slight decrease of 0.46% from ¥2,703,135,677.89 at the end of the previous year[7]. - The net assets attributable to shareholders increased by 1.55% to ¥2,121,267,978.97 from ¥2,088,855,347.25 at the end of the previous year[7]. - The total current assets as of March 31, 2021, amount to approximately CNY 2.37 billion, a decrease from CNY 2.40 billion at the end of 2020[49]. - The company's total liabilities remained stable at CNY 479,459,504.26 compared to CNY 524,146,993.03, indicating a focus on managing debt levels[51]. - Current liabilities decreased to CNY 479,459,504.26 from CNY 524,146,993.03, representing a reduction of approximately 8.5%[51]. Cash Flow - The net cash flow from operating activities was negative at -¥192,056,886.06, worsening by 231.26% compared to -¥57,978,062.84 in the same period last year[7]. - Total cash inflow from operating activities was 117,421,660.25, down 30.7% from 169,381,561.25 in the previous period[66]. - Cash outflow from operating activities increased to 309,478,546.31, compared to 227,359,624.09 in the previous period, reflecting a 36.1% increase[66]. - The cash flow from investment activities was -4,231,251.54, a significant decrease from 301,545,251.08 in the previous period[66]. - The net cash flow from financing activities was -1,174,225.49, an improvement from -1,966,691.42 in the previous period[67]. Shareholder Information - The company reported a total of 17,787 common shareholders at the end of the reporting period[11]. - The top shareholder, Jiang Chunhua, held 18.99% of the shares, amounting to 115,027,137 shares, with 86,270,353 shares pledged[11]. Strategic Focus and Development - The company aims to focus on becoming a service provider for BIM platform software and industry digital applications, with business activities recovering to pre-pandemic levels[22]. - The company has set a new strategic goal as a "BIM platform software and industry digital application and operation service provider" and has integrated its business resources accordingly[25]. - The company is focusing on industrial software development and market expansion in the new energy and transportation sectors as part of its strategic upgrade[44]. - The company has launched a "carbon neutrality" monitoring command platform, currently in the early market expansion phase, utilizing big data and IoT technologies[30]. - The company has established a vocational training school, "Henghua School," to enhance its digital education offerings, with a focus on BIM-related training[31]. Operational Challenges - The company faces risks related to technological innovation and market acceptance of its products, which could impact its competitive position[32]. - The company's revenue is subject to seasonal fluctuations, with higher sales typically occurring in the second half of the year due to the procurement cycles of its main clients[34]. - The company has increased its cash flow management efforts, but the large accounts receivable still impact cash flow and business expansion[37]. - The company plans to enhance its management structure and internal controls to mitigate risks associated with rapid business expansion and acquisitions[38]. - The company aims to attract and retain technical talent through a comprehensive performance evaluation system and various incentive mechanisms[39]. Expenses and Costs - The company's sales expenses grew by 116.42% year-on-year, reflecting the normalization of sales activities post-COVID-19[20]. - Research and development expenses amounted to CNY 20,351,952.14, which is an increase from CNY 16,053,948.29, showing a commitment to innovation[58]. - The total operating costs for Q1 2021 were CNY 112,122,093.72, compared to CNY 61,294,007.58 in the previous year, reflecting an increase in operational scale[58].

Financial Performance - Operating revenue for the reporting period was CNY 270,814,526.12, an increase of 25.51% year-on-year [7]. - Net profit attributable to shareholders was CNY 58,853,211.59, representing a year-on-year increase of 52.69% [7]. - Basic earnings per share for the reporting period were CNY 0.0971, up 52.67% year-on-year [7]. - The weighted average return on equity was 2.77%, an increase from 0.76% in the previous year [7]. - Net profit for Q3 2020 was ¥59,101,665.88, compared to ¥38,784,626.75 in the same period last year, representing a growth of 52.3% [57]. - The total profit for Q3 2020 was ¥87,677,467.43, down from ¥119,231,402.15 in Q3 2019, indicating a decline of 26.5% [67]. - The company reported a total comprehensive income of ¥38,329,706.89 for Q3 2020, down from ¥96,811,829.02 in Q3 2019 [69]. Cash Flow and Liquidity - Net cash flow from operating activities reached CNY 250,040,233.59, a significant increase of 627.25% compared to the same period last year [7]. - Cash flow from operating activities improved significantly to ¥177,366,327.33 from a negative ¥227,081,469.68, due to increased collection of contract payments [28]. - The net increase in cash and cash equivalents was ¥310,258,277.57, a significant improvement from a decrease of ¥225,929,806.84 in the previous year [28]. - The company recorded a significant increase in cash inflow from operating activities, totaling ¥931,241,356.77, compared to ¥403,360,690.09 in the previous year [72]. - Cash and cash equivalents at the end of the period increased to ¥625,749,454.51, compared to ¥125,201,765.98 at the end of Q3 2019 [73]. - The company reported a net cash flow from investment activities of ¥186,454,378.06, compared to a negative cash flow of ¥88,943,167.94 in the previous year, indicating a positive shift [76]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,742,359,800.90, a decrease of 2.71% compared to the end of the previous year [7]. - The company's total liabilities decreased to CNY 569,445,216.34 from CNY 673,759,121.72, a reduction of about 15.5% [49]. - Total liabilities stood at ¥673,759,121.72, remaining stable compared to the previous reporting period [81]. - Total equity reached CNY 2,147,120,052.24, including CNY 863,600,705.76 in undistributed profits [85]. Shareholder Information - The company reported a total of 19,912 common shareholders at the end of the reporting period [11]. - The top ten shareholders held a combined 77.11% of the shares, with Jiang Chunhua holding 18.99% [11]. - The company’s major shareholders remain unchanged, with control still held by Jiang Chunhua, Fang Wen, Luo Xinwei, and Chen Xianlong [30]. Government and Non-Operating Activities - The company received government subsidies amounting to CNY 3,685,588.81 during the reporting period [8]. - Non-operating income and expenses included a donation of CNY 4,000,000.00 to charity related to COVID-19 [9]. Project and Operational Updates - The company is currently executing significant contracts, including a project with a contract amount of RMB 552 million, with 88.32% of the project progress completed and cumulative revenue recognized at RMB 431.28 million [35]. - The company is actively monitoring the impact of the COVID-19 situation on project execution and has resumed construction activities as conditions improve [35]. - The company has confirmed that there are no overdue commitments from actual controllers, shareholders, or related parties during the reporting period [38]. Future Plans and Strategies - The company plans to repurchase shares using its own funds, with a total repurchase amount between RMB 100 million and RMB 200 million, at a price not exceeding RMB 15.00 per share [33]. - The company is focusing on the development of its BIM business and plans for a share buyback program as part of its future strategies [42]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth [79].

Financial Performance - The company's operating revenue for the first half of 2020 was ¥244,260,182.98, a decrease of 44.96% compared to ¥443,779,074.70 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was ¥34,352,271.94, down 62.27% from ¥91,043,343.60 in the previous year[20]. - The basic earnings per share decreased by 43.58% to ¥0.0567 from ¥0.1005 in the previous year[20]. - The total profit was 40.48 million yuan, down 62.68% year-on-year[62]. - The net profit attributable to ordinary shareholders was 34.35 million yuan, a decline of 62.27% compared to the previous year[62]. - The company reported a net profit of ¥135,154.02 from non-recurring gains and losses after accounting for government subsidies and other income[25]. - The company achieved operating revenue of 244.26 million yuan, a decrease of 44.96% compared to the same period last year[62]. - The company reported a significant increase in inventory, which rose to CNY 283.65 million, primarily due to project execution delays caused by the COVID-19 pandemic[81]. - The company reported a total comprehensive income of CNY 42,591,154.72 for the first half of 2020, down from CNY 68,414,386.64 in the same period of 2019[180]. Cash Flow and Assets - The net cash flow from operating activities was -¥72,673,906.26, an improvement of 59.55% compared to -¥179,657,722.42 in the same period last year[20]. - The company reported a net increase in cash and cash equivalents of RMB 180.43 million, a significant turnaround from the previous year's decrease[72]. - Cash and cash equivalents decreased by 4.42% to CNY 517.74 million, while accounts receivable increased slightly to CNY 1.25 billion, representing 45.16% of total assets[81]. - The company’s cash flow from operating activities showed a significant improvement, with a reduction in losses from -CNY 180,856,153.75 in the first half of 2019 to -CNY 55,784,477.12 in the first half of 2020[184]. - The cash inflow from operating activities totaled CNY 398,686,079.86, while cash outflow was CNY 471,359,986.12, resulting in a net cash flow from operating activities of -CNY 72,673,906.26[180]. Research and Development - R&D investment reached 44.89 million yuan, an increase of 12.84% year-on-year, focusing on BIM key technologies and cloud-related product development[55][65]. - The company has a stable and professional R&D team, ensuring sustainable innovation and development[55]. - The company added 5 authorized patents during the reporting period, including 5 invention patents, and had a total of 72 authorized patents by the end of the period[55]. - The company is committed to continuous product innovation and strategic partnerships to maintain its competitive edge in a rapidly changing market[95]. Business Strategy and Market Expansion - The company is expanding its international business by leveraging its experience in the domestic power industry and providing smart grid asset lifecycle information solutions to overseas markets, particularly in East Africa, Southeast Asia, Eastern Europe, and North America[38]. - The company is actively pursuing market expansion into transportation and water conservancy sectors, offering smart transportation information solutions and services related to water resource management, which are crucial for diversifying its business[38]. - The company is focusing on the new energy vehicle charging infrastructure and digital new infrastructure projects, with an overall investment of approximately 24.7 billion yuan expected to stimulate social investment of around 100 billion yuan[47]. - The company is transitioning to an internet service model, focusing on providing standardized SaaS software products, which is critical for maintaining market leadership[93]. Risks and Challenges - The company faces risks including internet service transformation, intensified industry competition, and significant accounts receivable balances[5]. - The company has increased its accounts receivable due to rapid business expansion, which poses a risk to cash flow; however, it has implemented measures to track and analyze receivables to mitigate this risk[96]. - The company faces risks related to its internet service transformation, which depends on the alignment of its strategy with industry trends and user needs[93]. Shareholder and Equity Information - The company has not distributed cash dividends or bonus shares for the half-year period, indicating a focus on reinvestment rather than immediate shareholder returns[101]. - The total number of ordinary shareholders at the end of the reporting period was 21,086[142]. - The largest shareholder, Jiang Chunhua, holds 18.99% of the shares, totaling 115,027,137 shares, with 28,756,784 shares pledged[142]. - The company’s total liabilities related to ongoing litigation are estimated at CNY 1.213 million (approximately USD 121,300)[107]. Legal and Regulatory Matters - The company is involved in a lawsuit with Hebei Hongchuang Investment Co., Ltd. regarding a contract dispute, with a claimed amount of CNY 12.13 million (approximately USD 1.21 million)[107]. - The company has not faced any major litigation or arbitration matters during the reporting period, reflecting a stable legal standing[106]. - The company has not undergone any bankruptcy restructuring during the reporting period, indicating financial stability[105].

Financial Performance - Total revenue for Q1 2020 was ¥70,215,925.77, a decrease of 34.31% compared to ¥106,890,910.20 in the same period last year[7] - Net profit attributable to shareholders was ¥5,856,151.28, down 35.87% from ¥9,131,655.99 year-on-year[7] - Net profit excluding non-recurring gains and losses was ¥6,818,674.35, a decrease of 25.98% compared to ¥9,211,742.73 in the previous year[7] - Basic earnings per share decreased by 57.27% to ¥0.0097 from ¥0.0227 year-on-year[7] - The total profit for Q1 2020 was CNY 7.36 million, down 31.56% year-on-year[22] - The net profit attributable to shareholders was CNY 5.86 million, a decline of 35.87% compared to the previous year[22] - The total comprehensive income for the first quarter was CNY 5,405,383.77, down from CNY 18,418,721.35, reflecting a decline of approximately 70.7%[59] - The net profit for the first quarter was CNY 6,512,858.05, down from CNY 8,848,069.04, reflecting a decline of about 26.1% year-over-year[58] Cash Flow - Net cash flow from operating activities was -¥57,978,062.84, improving by 54.67% from -¥127,908,491.78 in the same period last year[7] - Cash inflow from operating activities totaled 169,381,561.25, compared to 128,784,678.77 in the previous period, representing a 31.5% increase[65] - Cash outflow from operating activities decreased to 227,359,624.09 from 256,693,170.55, a reduction of 11.5%[66] - The net cash flow from investing activities was 301,545,251.08, a significant increase from -2,322,226.51 in the previous period[66] - The net cash flow from financing activities was -1,966,691.42, down from 28,285,641.18 in the previous period, indicating a shift in financing strategy[67] - The total cash and cash equivalents at the end of the period reached 557,162,330.11, up from 249,066,197.41, marking a 123.7% increase[67] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,775,862,903.06, a decrease of 1.52% from ¥2,818,795,281.48 at the end of the previous year[7] - Total assets as of March 31, 2020, amounted to CNY 2,795,553,171.30, down from CNY 2,834,674,807.92 at the end of 2019[54] - Total liabilities decreased to CNY 644,864,810.02 from CNY 687,554,755.68 in the previous period[54] - The company's total equity as of March 31, 2020, was CNY 2,150,688,361.28, compared to CNY 2,147,120,052.24 at the end of 2019[54] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,501[11] - Major shareholders include Jiang Chunhua with 18.99% and Luo Xinwei with 12.61%, both having pledged a portion of their shares[11] Operational Highlights - The company has a robust order backlog and plans to accelerate project execution and order delivery post-pandemic[23] - The company actively utilized its "Electric + Intelligent Service Cloud Platform" for online marketing, leading to increased sales of its three-dimensional design software[22] - The company launched a free "Electricity + Smart Design Cloud Service" in February 2020, significantly increasing user registrations by 3.84 times compared to the monthly average in 2019[30] - The company signed an investment agreement to increase its stake in Hydrogen Technology Co., Ltd. by investing RMB 18.75 million, acquiring 5.01% of the company, enhancing its energy internet industry chain[31] Innovation and Development - The company has a total of 66 authorized patents, including 51 invention patents, and has filed 122 patents for review, indicating a strong focus on innovation[28] - The company is transitioning to an internet service model, focusing on standardized SaaS products for the smart grid sector, which is critical for maintaining its competitive edge[34] - The company is committed to adhering to a structured product development process, ensuring new offerings meet user needs through in-depth market research and trials[34] Market and Competition - The company is actively seeking strategic partnerships and expanding into overseas markets, successfully securing orders outside the traditional grid system[36] - The company is facing intensified competition due to recent reforms in the electricity sector, necessitating continuous innovation and service quality to maintain market position[35] Pandemic Response - The company actively participated in the pandemic response, ensuring production stability and product quality while implementing remote work solutions, which did not affect product development[27] - The company’s online educational initiatives during the pandemic attracted over 50,000 views, promoting digital transformation in the industry[30] Financial Management - The company has implemented measures to track and analyze accounts receivable to mitigate the risk of bad debts, especially as it shifts to a high-frequency, low-amount revenue model[37] - The company has seen an increase in accounts receivable, totaling approximately ¥1.28 billion as of March 31, 2020, compared to ¥1.37 billion at the end of 2019, indicating a need for improved cash flow management[48]

Business Model and Strategy - The company is transitioning to a standardized SaaS software product model, moving away from traditional smart grid lifecycle information services[5] - The company is actively expanding into overseas markets and has secured orders outside the traditional grid system[7] - The company has developed a unique service model combining online and offline services, focusing on SaaS products for the energy sector[33] - The company aims to build a multi-win ecosystem in the energy internet sector through its "Electric + Smart Link Service Cloud Platform"[33] - The company has launched a series of software products for three-dimensional design in the power grid sector, including transmission line design software and substation design software, leveraging its proprietary BIM technology platform[37] - The company has developed an online design SaaS product that enables collaborative design across regions and disciplines, enhancing data management and interaction[37] - The company provides integrated services in the power distribution sector, including cloud sales platforms and intelligent operation management platforms, to support local power companies and energy management[40] - The company is focusing on the development of a BIM-based platform, with core products including three-dimensional design and project evaluation services[69] - The company aims to transform into a leading comprehensive service provider for the energy internet, leveraging technologies such as cloud computing, big data, and artificial intelligence[124] Financial Performance - The company's operating revenue for 2019 was CNY 1,123,172,356.51, a decrease of 5.13% compared to CNY 1,183,922,147.96 in 2018[22] - The net profit attributable to shareholders for 2019 was CNY 295,056,925.36, an increase of 8.62% from CNY 271,629,411.39 in 2018[22] - The net cash flow from operating activities was negative CNY 63,523,648.52, worsening by 86.11% compared to negative CNY 34,131,693.69 in 2018[22] - The total assets at the end of 2019 amounted to CNY 2,818,795,281.48, reflecting a growth of 13.39% from CNY 2,485,856,586.81 at the end of 2018[22] - The net assets attributable to shareholders increased by 17.84% to CNY 2,142,631,642.71 at the end of 2019, up from CNY 1,818,294,690.86 in 2018[22] - The company reported a basic earnings per share of CNY 0.49 for 2019, an increase of 8.89% from CNY 0.45 in 2018[22] - The total profit for the year was CNY 32,757.51 million, an increase of 9.58% year-on-year[65] - The net profit attributable to ordinary shareholders was CNY 29,505.69 million, up 8.62% from the previous year[65] Research and Development - The company has invested CNY 109.81 million in R&D during the reporting period, focusing on self-controllable BIM key technologies and cloud business-related products[59] - The company has achieved significant R&D results, with 16 new authorized patents, including 12 invention patents, and 15 new patent applications, including 13 invention patents[59] - The company has a stable and professional R&D team, continuously increasing its investment in R&D to ensure sustained innovation and competitive advantage[59] Market and Competition - The company faces risks from intensified industry competition due to recent power system reforms, necessitating continuous innovation and strategic partnerships[7] - The company is committed to monitoring and analyzing accounts receivable to mitigate collection risks as business scales up[9] - The company is subject to the disclosure requirements of the Shenzhen Stock Exchange for software and information technology service businesses[88] - The company has established a professional community platform, "Electric + Smart Link Service Cloud," to share knowledge and resources within the power industry, enhancing user engagement with its SaaS products[42] Cash Flow and Accounts Receivable - The company reported an increase in accounts receivable, which may impact cash flow; however, major clients are strong and reliable, ensuring good recovery rates[8] - The growth of accounts receivable poses a risk to cash flow, with the company implementing tracking and analysis measures to mitigate potential bad debts[135] - The company's accounts receivable increased by 44.41% to ¥1,370,012,231.67, accounting for 48.60% of total assets[104] Dividend and Profit Distribution - The profit distribution plan approved by the board includes a cash dividend of 1 RMB per 10 shares, totaling approximately 60.58 million RMB[9] - The cash dividend distribution represents 100% of the total profit distribution for the year[145] - The cash dividend for 2019 is 20.53% of the net profit attributable to the company's ordinary shareholders[153] Governance and Compliance - The board has confirmed that all directors attended the meeting to review the annual report, ensuring accountability for the report's accuracy[3] - The company has maintained compliance with all commitments made regarding avoiding competition with related parties[154] - The company has not reported any violations of commitments related to avoiding competition and related party transactions[155] - The company has established a commitment to announce details regarding share repurchase plans within 10 trading days after triggering conditions are met[155] Social Responsibility and Community Engagement - The company donated 2 million RMB in cash and provided medical supplies such as masks and protective clothing to support pandemic efforts[192] - The company launched a smart construction SaaS product that includes infrared temperature measurement and health monitoring modules to assist construction companies during the pandemic[194] - The company emphasizes the integration of social responsibility with sustainable development to create beneficial value for society[194] Future Outlook and Strategic Initiatives - The company plans to expand its product and service offerings to overseas markets, aligning with the national "Belt and Road" initiative[124] - The company will continue to enhance its market position in the power grid information sector while exploring opportunities in other industries such as transportation and water conservancy[124] - The company aims to enhance its core technology and cloud service capabilities by iterating and releasing new versions of its SaaS software products, focusing on IoT integration and AI technologies[125]

Financial Performance - Net profit attributable to shareholders increased by 2.68% to CNY 38,543,860.95 for the current period[7] - Operating revenue decreased by 3.70% to CNY 215,774,201.62 for the current period[7] - Basic earnings per share rose by 2.25% to CNY 0.0636[7] - The weighted average return on equity was 2.01%, a decrease of 0.37% compared to the previous year[7] - The company reported non-recurring gains and losses totaling CNY 3,274,935.82 for the year-to-date[8] - Total operating revenue decreased to ¥215.77 million from ¥224.07 million, a decline of approximately 3.0% year-over-year[46] - Net profit rose to ¥38.78 million compared to ¥37.24 million in the previous period, an increase of about 4.1% year-over-year[47] - Operating profit increased to ¥43.86 million from ¥42.28 million, reflecting a growth of about 3.7% year-over-year[47] - The overall comprehensive income totaled ¥42.81 million, up from ¥37.24 million, representing an increase of approximately 14.0% year-over-year[48] - The total profit for the third quarter was ¥152,397,166.59, an increase of 23.1% from ¥123,755,952.51 year-on-year[55] Assets and Liabilities - Total assets increased by 7.16% to CNY 2,663,732,483.46 compared to the end of the previous year[7] - The company's total assets increased significantly, with a notable rise in long-term prepaid expenses decreasing by 37.47% to ¥2,196,752.53[17] - Current liabilities rose to CNY 717,952,302.67, compared to CNY 662,547,501.05, marking an increase of about 8.4%[38] - The total liabilities increased to CNY 720,822,932.67 from CNY 665,418,131.05, an increase of about 8.3%[38] - Total liabilities reached CNY 665,418,131.05, with current liabilities at CNY 662,547,501.05 and non-current liabilities at CNY 2,870,630.00[73] Cash Flow - Net cash flow from operating activities showed a significant improvement, with a decrease of 88.12% to CNY -227,081,469.68 year-to-date[7] - The net cash flow from operating activities for the first nine months of 2019 was -227,081,469.68 yuan, a decrease of 88.12% compared to -120,707,913.00 yuan in the same period of 2018, primarily due to delayed payments from major project clients[21] - The cash inflow from operating activities totaled CNY 403,360,690.09, a decrease of 55% compared to CNY 896,685,536.20 in the previous period[62] - The cash inflow from investment activities was CNY 19,649,739.85, significantly lower than CNY 430,501,560.00 in the previous period, resulting in a net cash outflow of CNY -85,459,813.94[64] - The total cash and cash equivalents decreased by 225,929,806.84 yuan, a change of -202.24% compared to an increase of 220,976,778.54 yuan in the same period of 2018, mainly due to reduced net cash flow from operating and investing activities[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,076[11] - The largest shareholder, Jiang Chunhua, holds 18.99% of the shares, amounting to 115,027,137 shares[11] - The company did not engage in any repurchase transactions during the reporting period[12] Research and Development - R&D expenses surged by 232.08% to ¥26,554,873.77 as the company intensified investment in BIM-related technology and products[18] - The company plans to continue focusing on R&D to drive future growth, as indicated by the significant increase in R&D expenses[46] Legal and Contractual Matters - The company has initiated legal proceedings against Hebei Hongchuang Investment Co., Ltd. for breach of contract regarding a suspended project worth 142,600,000 yuan[24] - The company signed a significant contract with Xingyi City Power Co., Ltd. for a project estimated at 625,128,012 yuan on October 21, 2019[23] - The company is currently executing a major contract for the construction and renovation of the urban distribution network in Xingyi City, with a total contract amount of 552,000,000 yuan, and has recognized 431,275,007.79 yuan in revenue to date[24] Taxation - The income tax expense for the first nine months increased by 71.49% to ¥22,961,524.48, reflecting higher total profits[20] - The company experienced an increase in tax expenses to ¥22,961,524.48, up from ¥13,389,676.62 in the previous year, marking a rise of 71.5%[55]

Financial Performance - Total revenue for the first half of 2019 was CNY 443,779,074.70, a decrease of 5.01% compared to CNY 467,188,134.95 in the same period of 2018[19] - Net profit attributable to shareholders increased by 25.60% to CNY 91,043,343.60, up from CNY 72,488,750.31 in the previous year[19] - Net profit after deducting non-recurring gains and losses was CNY 89,174,808.56, reflecting a 23.61% increase from CNY 72,141,962.19 in the prior year[19] - Basic earnings per share decreased by 17.60% to CNY 0.1508, down from CNY 0.1830 in the previous year[19] - The company achieved operating revenue of 443.78 million yuan, a decrease of 5.01% compared to 467.19 million yuan in the same period last year[56] - The total profit reached 108.47 million yuan, an increase of 33.28% from 81.38 million yuan year-on-year[56] - Net profit attributable to ordinary shareholders was 91.04 million yuan, up 25.60% from 72.49 million yuan in the previous year[56] - The company reported a total comprehensive income of CNY 83.20 million for the first half of 2019, compared to CNY 73.13 million in the first half of 2018[175] - The company reported a total comprehensive income for the current period decreased by 7,453,000 yuan compared to the previous period[190] - The total comprehensive income for the first half of 2019 was 72,965,303.00 CNY, reflecting a significant increase compared to the previous period[200] Cash Flow and Financial Position - The net cash flow from operating activities was negative CNY 179,657,722.42, worsening by 163.89% compared to negative CNY 68,079,835.94 in the same period last year[19] - Cash and cash equivalents at the end of the first half of 2019 were 185,633,355.33 RMB, down from 708,989,992.96 RMB at the end of the first half of 2018[184] - The company reported a net cash flow from investment activities of -45,334,431.19 RMB, a sharp decline from 383,906,546.99 RMB in the previous year[183] - Cash inflow from financing activities was 152,618,800.00 RMB, an increase from 141,336,150.00 RMB in the same period of 2018[184] - The total cash flow from financing activities resulted in a net increase of 59,480,995.69 RMB, contrasting with a net outflow of -21,505,650.73 RMB in the first half of 2018[184] - The company's cash and cash equivalents were CNY 538,214,870.83, down from CNY 653,057,500.01, a decrease of about 17.5%[168] - The total liabilities amounted to CNY 687,571,701.08, compared to CNY 665,418,131.05, showing an increase of approximately 3.2%[166] - The company's short-term borrowings increased to RMB 264.26 million, representing 10.21% of total liabilities, up from 6.32% the previous year[75] - The total amount of raised funds is RMB 736.87 million, with RMB 27.11 million invested during the reporting period[80] - The total liabilities at the end of the current period were 1,584,000,000 CNY, indicating a substantial financial position[194] Assets and Investments - Total assets at the end of the reporting period were CNY 2,587,140,356.99, an increase of 4.07% from CNY 2,485,856,586.81 at the end of the previous year[19] - The fair value of other equity instrument investments decreased by RMB 7.45 million during the reporting period, ending at RMB 130.81 million[77] - The total non-current assets were CNY 324,370,634.12, down from CNY 337,687,895.60, reflecting a decrease of approximately 3.9%[164] - The total assets at the end of the current period amounted to 2,143,000 yuan, reflecting a decrease from the previous period[191] - The company recorded a decrease in total assets by 181,207,000.00 CNY during the reporting period[200] Business Operations and Strategy - The company plans not to distribute cash dividends or issue bonus shares[5] - The company faces risks including internet service transformation, intensified industry competition, and increased accounts receivable[4] - The main business focuses on providing integrated services for the energy internet, utilizing technologies such as cloud computing and big data[26] - The company is expanding its market presence internationally, particularly in Africa and Southeast Asia, while also diversifying into transportation and water conservancy sectors[32] - The company is actively pursuing a transformation towards internet services, shifting from traditional smart grid project services to standardized SaaS software products[93] - The company aims to build a ubiquitous power IoT by 2024, aligning with national strategies for energy internet and smart energy utilization[39] - The company has established a competitive talent management model, ensuring a stable core management team to support business development[51] - The company is involved in a lawsuit with Hebei Hongchuang Investment Co., Ltd. for an amount of ¥12.13 million, which is still under trial and has not yet been executed[109] Research and Development - The company invested 39.78 million yuan in R&D during the reporting period, focusing on self-controllable BIM-related technology development[46] - Research and development expenses amounted to RMB 39.78 million, a decrease of 5.01% compared to RMB 41.88 million in the previous year[67] - The company emphasizes strict adherence to new product development processes, ensuring that products meet user needs through in-depth research and trials[94] Shareholder Information - The company did not distribute cash dividends or issue new shares during the reporting period[102] - Major shareholder Jiang Chunhua holds 18.98% of the shares, totaling 115,027,137 shares, with 38,342,379 shares pledged[146] - Major shareholder Luo Xinwei holds 12.61% of the shares, totaling 76,404,216 shares, with 25,468,072 shares pledged[146] - Major shareholder Fang Wen also holds 12.61% of the shares, totaling 76,404,216 shares, with 25,468,072 shares pledged[146] - The total number of ordinary shareholders at the end of the reporting period was 11,597[146] Compliance and Governance - The company continues to strengthen its internal control system and governance structure, holding multiple board meetings and investor engagement activities during the reporting period[55] - The company did not engage in any entrusted financial management or derivative investments during the reporting period[87][88] - The company did not experience any media scrutiny during the reporting period[111] - There were no penalties or rectifications reported during the reporting period[112]

Financial Performance - Total revenue for Q1 2019 was ¥106,890,910.20, a decrease of 33.46% compared to ¥160,651,279.08 in the same period last year[7] - Net profit attributable to shareholders was ¥9,131,655.99, down 7.61% from ¥9,883,343.12 year-on-year[7] - Basic earnings per share decreased by 54.69% to ¥0.0227 from ¥0.0501 in the previous year[7] - The net cash flow from operating activities was -¥127,908,491.78, worsening by 9.69% compared to -¥116,608,492.50 in the same period last year[7] - The company's operating revenue for the first quarter was 106.89 million yuan, a decrease of 33.46% compared to the same period last year[22] - The net profit attributable to shareholders was 9.13 million yuan, down 7.61% year-on-year[22] - Total operating revenue for Q1 2019 was CNY 106,890,910.20, a decrease of 33.4% compared to CNY 160,651,279.08 in Q1 2018[58] - The net profit for the first quarter was CNY 8,848,069.04, down from CNY 9,761,692.71 year-over-year, representing a decline of approximately 9.3%[60] - The total profit for the quarter was CNY 10,754,186.18, compared to CNY 11,504,439.63 in the same period last year, indicating a decrease of about 6.5%[60] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,489,729,293.69, a slight increase of 0.16% from ¥2,485,856,586.81 at the end of the previous year[7] - Total assets as of March 31, 2019, were CNY 2,530,123,805.22, slightly down from CNY 2,532,941,189.56 at the end of 2018[57] - Total liabilities decreased to CNY 638,281,056.28 from CNY 652,898,646.19 at the end of 2018, reflecting a reduction of 2.2%[56] - The company's total liabilities were CNY 665,418,131.05, with current liabilities accounting for CNY 662,547,501.05[76] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,187[10] - The largest shareholder, Jiang Chunhua, held 19.07% of the shares, amounting to 76,684,758 shares, with 57,513,568 shares pledged[10] - The total equity attributable to shareholders of the parent company was CNY 1,818,294,690.86[76] Cash Flow - Cash and cash equivalents decreased from CNY 707,981,150.30 to CNY 607,807,479.28, a decline of approximately 14.14%[49] - The company experienced a net decrease in cash and cash equivalents of -102,065,713.50 CNY during the reporting period[69] - The cash flow from sales of goods and services was 108,225,381.20 CNY, reflecting an increase from 86,281,882.98 CNY in the previous period[71] Operational Highlights - The company continues to focus on the three-dimensional design software market, with increased sales volume of productized software[22] - The company has signed significant contracts, including a 142.6 million yuan contract for a photovoltaic project, which is currently suspended due to a breach of contract[23] - The company is enhancing its cloud service platform product system and increasing the number of customers for its three-dimensional design products[22] - As of the end of the reporting period, the registered user count for the Electric + Smart Link Service Cloud Platform reached 32,883, with 3,828 enterprise users and 29,055 individual users[28] Research and Development - Research and development expenses increased to CNY 17,768,752.90, up 28.5% from CNY 13,873,801.88 in Q1 2018[58] - The company's research and development expenses were CNY 8,215,415.53, down from CNY 9,823,942.93, indicating a reduction of about 16.3%[63] Strategic Initiatives - The company is focusing on transitioning to a standardized SaaS software product model, which is crucial for its internet service transformation strategy[33] - The company is actively seeking strategic partnerships and expanding into overseas markets, successfully obtaining orders outside the power grid system[35] Financial Management - The company has implemented an organizational structure optimization, including the deregistration of its Tangshan branch and wholly-owned subsidiary, which will not significantly impact overall business development[31] - The company has no overdue commitments or guarantees during the reporting period[39] - The company maintains a three-party supervision agreement for the management of raised funds[42]