Financial Performance - The company's operating revenue for 2021 was ¥1,866,876,728.44, a decrease of 6.96% compared to ¥2,006,470,833.56 in 2020[32]. - The net profit attributable to shareholders was -¥21,727,373.90, showing a significant improvement of 97.21% from -¥779,704,134.15 in the previous year[32]. - The net cash flow from operating activities decreased by 58.87% to ¥73,021,262.12 from ¥177,525,816.67 in 2020[32]. - The total assets at the end of 2021 increased by 16.20% to ¥3,773,590,558.03 compared to ¥3,247,428,604.75 at the end of 2020[32]. - The company's net assets attributable to shareholders rose by 39.84% to ¥2,349,788,113.60 from ¥1,680,310,512.38 in 2020[32]. - In Q4 2021, the operating revenue was ¥586,580,518.37, with a net profit attributable to shareholders of -¥65,137,197.27[33]. - The company achieved operating revenue of 1,866.88 million yuan, a year-on-year decrease of 6.96% due to the impact of repeated COVID-19 outbreaks in 2022, which delayed customer acceptance and revenue recognition[60]. - Total revenue for 2021 was ¥1,866,876,728.44, a decrease of 6.96% compared to ¥2,006,470,833.56 in 2020[94]. - Revenue from big data products and solutions increased by 14.48% to ¥701,751,060.09, accounting for 30.55% of total revenue[94]. - Revenue from technology development and services decreased by 14.78% to ¥1,020,416,568.79, representing 59.67% of total revenue[94]. - Revenue from IoT products fell by 42.90% to ¥99,056,035.97, making up 8.65% of total revenue[94]. Research and Development - The company is investing in research and development in areas such as big data, next-generation mobile communications, IoT, cloud computing, and artificial intelligence to maintain competitive advantages[11]. - R&D investment for the year was 271.16 million yuan, an increase of 4.62% year-on-year; net profit was -47.62 million yuan, a year-on-year increase of 94.17%[60]. - The company holds 702 software copyrights and 125 patents, with 43 new invention patents added in 2021, reflecting its commitment to innovation[71]. - The company invested CNY 271.16 million in R&D, accounting for 14.52% of its revenue, enhancing its core competitive capabilities through advancements in database, big data, and 5G technologies[71]. - The capitalized R&D expenditure for 2021 was ¥87,872,538.54, accounting for 32.41% of total R&D investment, indicating a significant increase from 26.03% in 2020[110]. - The company completed the development of a 5G access network product, focusing on personalized solutions for both consumer and business applications, enhancing its technological competitiveness in the industry[108]. - The company has developed an integrated computing and storage platform, which is cost-effective and supports various industry deployment needs, including finance and education[112]. - The company is actively exploring key technologies for 5G applications, aiming to launch personalized products and solutions to support its strategic transformation[108]. Market and Industry Trends - The database market in China is projected to reach ¥688 billion by 2025, with a CAGR of 23.4%[42]. - The global big data market is expected to exceed $350 billion by 2025, with a compound annual growth rate (CAGR) of approximately 12.8% from 2021 to 2025[44]. - The domestic big data industry in China is projected to surpass 3 trillion yuan by 2025, maintaining an average CAGR of around 25%[44]. - The domestic database market has seen a shift towards domestic technology, particularly in critical sectors like finance[43]. Client and Market Strategy - The company has a strong client base, primarily consisting of large enterprises and government entities, which reduces the risk of bad debts[12]. - The company serves over 600 large enterprise clients across various sectors, including government, energy, communication, transportation, and finance[48]. - The company emphasizes the importance of digital transformation services, leveraging its proprietary products and solutions to meet client needs[50]. - The company aims to enhance its core competitiveness by continuously improving its management system and optimizing business quality[59]. - The company is focused on expanding its energy big data applications, particularly in new energy consumption and integrated energy services, to align with national power system development trends[85]. - The company plans to establish deep cooperation with local governments to enhance its presence in the government sector and integrate its database products with local information systems[83]. Financial Management and Investment - The company plans not to distribute cash dividends or issue bonus shares, indicating a focus on reinvestment[12]. - The company raised approximately CNY 729 million through a private placement, involving various state-owned funds and renowned investment institutions, to strengthen R&D and market expansion in key sectors[76]. - The company reported a total of 610.82 million RMB in funds raised during the reporting period, with 103.50 million RMB utilized[145]. - The company has a total of 1,981.10 million RMB in unutilized raised funds, which will be invested according to planned projects[148]. - The company has incurred a compensation payment of 30,000 RMB related to a legal case that has since been resolved[137]. - The company has a total of 1.8 billion RMB credit limit secured by a mortgage contract signed on September 6, 2021[141]. Governance and Compliance - The company maintained a governance structure compliant with relevant laws and regulations, enhancing operational standards and risk management capabilities[170]. - The company has established a clear information disclosure policy, ensuring timely and fair communication with investors[174]. - The company has no significant differences in governance practices compared to regulatory requirements[175]. - The company is committed to risk management and maintaining good reputation while focusing on shareholder returns and long-term investment value[80]. Management and Personnel - The total number of shares held by the chairman, Lu Wenbin, decreased from 105,335,902 to 97,635,902 due to an internal transfer of 7,700,000 shares[179]. - The total number of shares held by the general manager, He Wenjiang, increased by 151,400 shares during the reporting period[179]. - The total number of shares held by the deputy general manager, Du Guangxiang, decreased from 19,968,970 to 14,978,970 due to a reduction of 4,990,000 shares[179]. - The total number of shares held by the deputy general manager, Li Jing, decreased from 8,369,196 to 6,369,256 due to a reduction of 1,999,940 shares[179]. - The total compensation for directors, supervisors, and senior management in 2021 amounted to 8.0573 million CNY[198]. - The highest individual compensation was received by He Wenjiang, the General Manager, totaling 1.3041 million CNY[198]. Future Outlook - The company provided guidance for 2022, projecting revenue growth of 25% to 1.875 billion[195]. - New product launches are expected to contribute an additional 200 million in revenue in 2022[195]. - The company is considering strategic acquisitions to enhance its product offerings, with a target of acquiring at least one company by the end of 2022[195]. - The management team emphasized the importance of enhancing user experience through technology upgrades, which is expected to improve customer retention rates by 5%[195].

Financial Performance - The company's revenue for Q3 2021 was ¥388,212,469.63, a decrease of 32.71% compared to the same period last year[7]. - Net profit attributable to shareholders was ¥2,324,475.84, down 92.54% year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥2,445,862.70, a decrease of 90.74% compared to the previous year[7]. - The company reported a net loss of CNY 540,083,354.77 for Q3 2021, an improvement from a loss of CNY 583,493,178.14 in the same quarter last year[26]. - The net profit for Q3 2021 was CNY 30,800,909.39, an increase of 22.9% compared to CNY 25,043,742.57 in Q3 2020[29]. - The total comprehensive income attributable to the parent company was CNY 44,598,716.35, compared to CNY 33,331,491.29 in Q3 2020, marking an increase of 33.7%[31]. - The company incurred a total operating profit of CNY 45,126,578.41, which is an increase of 9.3% from CNY 41,247,131.43 in Q3 2020[29]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,297,599,453.59, an increase of 1.54% from the end of the previous year[8]. - Total assets reached CNY 3,297,599,453.59, up from CNY 3,247,428,604.75, indicating a growth of 1.5%[26]. - Total liabilities amounted to CNY 1,683,264,098.91, compared to CNY 1,635,526,265.07, reflecting an increase of 2.9%[24]. - Total current assets amounted to approximately CNY 2.70 billion as of December 31, 2020, remaining unchanged as of January 1, 2021[37]. - Non-current assets totaled approximately CNY 550.10 million as of December 31, 2020, slightly increasing to CNY 551.61 million by January 1, 2021[39]. - Total current liabilities were approximately CNY 1.61 billion as of December 31, 2020, slightly increasing to CNY 1.61 billion by January 1, 2021[41]. - Total liabilities amounted to approximately CNY 1.64 billion as of December 31, 2020, with a minor increase to CNY 1.64 billion by January 1, 2021[41]. - Shareholders' equity totaled approximately CNY 1.61 billion as of December 31, 2020, remaining unchanged as of January 1, 2021[41]. Cash Flow - The company's cash flow from operating activities was negative at -¥76,892,087.59, a decline of 58.94% year-on-year[7]. - The cash flow from operating activities showed a net outflow of CNY 76,892,087.59, worsening from a net outflow of CNY 48,377,033.37 in the previous year[34]. - The company reported cash and cash equivalents of ¥415,632,863.67 as of September 30, 2021[20]. - The cash and cash equivalents at the end of the period were CNY 406,337,773.60, compared to CNY 332,514,076.24 at the end of Q3 2020, indicating an increase of 22.2%[34]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 46,288[14]. - The largest shareholder, Lu Wenbin, holds 18.58% of shares, totaling 97,635,902 shares, with 21,271,429 shares pledged[14]. - Wang Xiaowei, the second-largest shareholder, owns 5.45% of shares, amounting to 28,638,428 shares, with 8,600,000 shares pledged[14]. - The total number of restricted shares held by Lu Wenbin is 79,001,926, with no shares released during the period[17]. - The total number of restricted shares held by Wang Xiaowei is 21,478,821, with no shares released during the period[19]. - The company has a total of 122,983,410 restricted shares at the beginning of the period, with 52,072 shares released[19]. - The top ten shareholders include various individuals and entities, with significant pledges on their shares[16]. Research and Development - Research and development expenses for the first nine months of 2021 were ¥125,830,333.61, an increase of 52.31% compared to the same period last year[13]. - Research and development expenses increased to CNY 125,830,333.61 in Q3 2021, compared to CNY 82,616,959.30 in the previous year, marking a significant rise of 52.2%[27]. Operating Costs - Total operating revenue for Q3 2021 was CNY 1,280,296,210.07, an increase of 16.5% compared to CNY 1,098,626,539.13 in the same period last year[27]. - Total operating costs for Q3 2021 were CNY 1,258,746,060.37, up from CNY 1,088,049,566.67, reflecting a year-over-year increase of 15.7%[27]. - The total revenue from operating activities was CNY 1,353,218,038.71, down from CNY 1,586,713,516.82 in the previous year, representing a decrease of 14.7%[32]. Other Financial Metrics - The weighted average return on equity was 0.15%, down 1.11% from the previous year[7]. - The company experienced a 33.15% increase in sales expenses, totaling ¥37,666,292.83 for the first nine months of 2021[13]. - The accounts receivable decreased to ¥2,095,364.75 from ¥18,273,434.83[20]. - Accounts receivable increased to CNY 1,348,783,754.44, up from CNY 1,317,744,343.86, indicating a growth of 2.3%[22]. - Inventory rose to CNY 793,547,875.35, compared to CNY 692,065,024.87, reflecting an increase of 14.7%[22]. - Short-term borrowings increased significantly to CNY 748,929,236.00 from CNY 586,821,873.14, representing a rise of 27.5%[24]. - The company achieved a profit before tax of CNY 45,114,281.36, an increase of 23.9% compared to CNY 36,413,834.75 in Q3 2020[29]. - The company has ongoing construction projects valued at approximately CNY 178.82 million as of the reporting date[39]. - The company holds fixed assets valued at approximately CNY 58.72 million as of the reporting date[39]. - The company has intangible assets valued at approximately CNY 147.51 million as of the reporting date[39].

Technological Advancements - The company reported a significant focus on technological advancements in big data, cloud computing, and artificial intelligence to enhance competitive advantages[9] - The company completed the development of key 5G products, including 5G small base station systems and related technologies[50] - The company has upgraded its smart big data integration platform, achieving access to over ten types of data sources, enhancing its multi-source access capability[53] - The company has optimized its distributed transaction database version 5.0 and iterated version 5.1, improving transaction processing performance and disaster recovery solutions[54] - The company has developed several self-researched 5G products, including 5G smart industrial gateways and integrated base stations, with some products entering the market promotion stage[55] - The company emphasizes the importance of timely technology updates to maintain competitive advantages in the rapidly evolving information technology sector[105] Financial Performance - The company achieved operating revenue of ¥892,083,740.44, representing a year-on-year increase of 70.98%[36] - Net profit attributable to shareholders reached ¥41,085,347.53, a significant increase of 1,995.45% compared to the previous year[36] - The company reported a net profit of ¥26,839,079.47 after deducting non-recurring gains and losses, up 979.97% year-on-year[36] - Operating costs increased to ¥678,202,382.83, a rise of 69.67% compared to the previous year, primarily driven by the increase in operating revenue[67] - The gross profit margin for big data products and solutions was 28.22%, with revenue increasing by 81.46% year-on-year[68] - The gross profit margin for technology development and services was 18.15%, with a revenue increase of 73.83% compared to the same period last year[70] Investment and R&D - Research and development expenses amounted to ¥11,074,630, reflecting a year-on-year growth of 65.24%[44] - The company has increased its R&D investment, focusing on high-quality customers and advantageous fields to enhance business sustainability and improve business quality[51] - During the reporting period, the company added 27 invention patents, 14 utility model patents, and 16 design patents, along with 83 software copyrights[52] - The company is actively promoting a non-public offering to raise 1 billion yuan to support strategic business technology R&D and market promotion[57] Client and Market Relations - The company’s main clients include telecom operators and large enterprises, which typically follow a centralized procurement process, impacting the timing of revenue recognition[7] - The company emphasizes the importance of maintaining service quality to avoid penalties and potential contract terminations from clients[8] - The company is committed to enhancing communication with clients to accelerate payment collection and reduce financial costs[10] - The company acknowledges the potential impact of macroeconomic fluctuations on its clients' ability to pay, particularly in the context of local government finances[10] Risk Management - The company plans to implement stricter credit approval processes to mitigate risks associated with accounts receivable and improve cash flow efficiency[10] - The company faces risks related to seasonal fluctuations in performance, with significant procurement activities concentrated in the second half of the year[7] - The company has established effective risk management measures in Cambodia, including hiring legal experts familiar with both Chinese and Cambodian laws[75] - The company maintains close ties with the Chinese embassy in Cambodia to mitigate potential legal and political risks[75] Shareholder and Governance - The company held its first extraordinary shareholders' meeting on February 24, 2021, with a participation rate of 0.05%[110] - No cash dividends or stock bonuses were distributed for the semi-annual period, and no capital reserve was converted into share capital[112] - There were no changes in the company's board of directors, supervisors, or senior management during the reporting period[111] - The company reported a lawsuit amounting to 73.69 million yuan as the plaintiff and 4.44 million yuan as the defendant, with no expected liabilities formed[130] - The company has a significant ongoing contract with Troy Information Technology Malaysia Sdn Bhd, totaling ¥64 million, with cumulative recognized sales revenue of ¥2.1862 million[152] Asset Management - Total assets at the end of the reporting period were ¥3,133,054,346.75, a decrease of 3.52% from the previous year[36] - The company’s net assets attributable to shareholders increased by 0.67% to ¥1,691,583,013.45[36] - The company's accounts receivable at the end of the reporting period was ¥1,348,604,782.37, accounting for 43.04% of total assets, showing a slight increase from the previous year[72] - The company’s short-term borrowings increased to ¥601,126,854.85, representing 19.19% of total assets, reflecting no significant changes in financing strategy[72] Miscellaneous - The company has not engaged in any entrusted financial management, derivative investments, or entrusted loans during the reporting period[96][97][98] - The company has not sold any major assets or equity during the reporting period[99] - The company reported no significant environmental issues or administrative penalties related to environmental protection during the reporting period[116] - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[124] - The semi-annual financial report was not audited[126]

Financial Performance - The company's revenue for Q1 2021 reached ¥423,851,691.54, representing a 238.87% increase compared to ¥125,079,059.64 in the same period last year[7] - Net profit attributable to shareholders was ¥26,659,533.88, a significant turnaround from a loss of ¥39,343,642.44, marking a 167.76% improvement[7] - The net profit after deducting non-recurring gains and losses was ¥19,214,040.83, compared to a loss of ¥33,753,845.57, reflecting a 156.92% increase[7] - Basic earnings per share were ¥0.0515, up 167.91% from a loss of ¥0.0759 per share in the previous year[7] - The weighted average return on equity improved to 1.70%, an increase of 3.31% from -1.61% in the same period last year[7] - The company reported a significant increase in net profit excluding non-recurring items, which was 19.21 million RMB, up 156.92% year-on-year[27] - The total comprehensive income attributable to the parent company was ¥27,339,289.90, compared to a loss of ¥39,089,582.48 in the previous period, indicating a significant recovery[94] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,221,401,341.82, a slight decrease of 0.80% from ¥3,247,428,604.75 at the end of the previous year[7] - The net assets attributable to shareholders were ¥1,676,654,531.11, down 0.22% from ¥1,680,310,512.38 at the end of the previous year[7] - The company's total assets amounted to approximately CNY 3.22 billion, a decrease from CNY 3.25 billion as of December 31, 2020, reflecting a decline of about 0.8%[75] - The company's total liabilities as of March 31, 2021, were approximately CNY 1.62 billion, slightly down from CNY 1.64 billion, a decrease of about 0.5%[79] - The total liabilities rose to CNY 1,092,145,464.28 from CNY 996,181,979.03, marking an increase of about 9.7%[86] Cash Flow - The net cash flow from operating activities was -¥99,842,478.64, a slight deterioration of 10.09% compared to -¥90,691,742.36 in the previous year[24] - The company's cash and cash equivalents net increase was -¥209,579,464.25, a significant decline of 218.10% compared to -¥65,884,697.57 in the previous year[24] - The total cash inflow from operating activities was ¥200,848,491.86, up from ¥161,534,235.05 in the previous period, marking a growth of 24.26%[106] - The total cash outflow from operating activities was ¥613,232,228.58, up from ¥428,523,731.16 in the prior period, reflecting increased operational costs[104] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,484[12] - The largest shareholder, Lu Wenbin, holds 20.04% of the shares, with a total of 105,335,902 shares[12] Research and Development - Research and development expenses increased by 43.51% to ¥37,309,744.98, driven by higher investment in R&D and increased amortization of intangible assets[21] - The company is expanding its R&D team to enhance core capabilities and meet customer demands[27] - The company plans to focus on three strategic areas: database, big data, and 5G, with increased investment in research and market development[67] Government Support - The company received government subsidies amounting to ¥5,972,651.78, primarily for R&D support and employment stabilization[7] Operational Highlights - The company signed significant contracts, including a communication infrastructure project, although some projects faced delays due to the pandemic[28] - The top five customers contributed 40.97% of total sales, with total sales amounting to 461.30 million RMB in Q1 2021[30] Financial Management - The company aims to enhance the quality and scale of its core products through ongoing business transformation efforts[67] - The company is committed to improving the efficiency of raised fund usage to reduce financial costs and protect shareholder interests[45]

Financial Performance - The net profit of the wholly-owned subsidiary Shanghai Geti Electric Technology Co., Ltd. decreased compared to the previous year due to increased R&D investment and a continuous decline in gross margin [5]. - The total impairment amount for goodwill related to subsidiaries Geti Electric, Bangxun Information, and Wanli Open Source was approximately 776.56 million RMB [5]. - The company did not distribute cash dividends or bonus shares during the reporting period [12]. - The company's operating revenue for 2020 was ¥2,006,470,833.56, representing a year-over-year increase of 1.78% from ¥1,971,371,759.37 in 2019 [28]. - The net profit attributable to shareholders for 2020 was -¥779,704,134.15, a significant decline of 758.55% compared to a profit of ¥118,397,117.84 in 2019 [28]. - The net cash flow from operating activities improved to ¥177,525,816.67 in 2020, a 639.80% increase from -¥32,887,181.14 in 2019 [28]. - The total assets at the end of 2020 were ¥3,247,428,604.75, down 15.77% from ¥3,855,402,126.43 at the end of 2019 [28]. - The net assets attributable to shareholders decreased by 31.67% to ¥1,680,310,512.38 in 2020 from ¥2,459,279,679.59 in 2019 [28]. - The basic earnings per share for 2020 was -¥1.5033, a decrease of 760.21% from ¥0.2277 in 2019 [28]. - The company has indicated uncertainty regarding its ability to continue as a going concern, as the net profit for the last three accounting years has been negative [28]. Revenue Composition and Market Trends - The company's main business revenue composition for the reporting period is as follows: Technical development and services accounted for 59.67% (¥119,733.28 million), Big data products and solutions for 30.55% (¥61,298.78 million), IoT products for 8.65% (¥17,346.77 million), Database for 1.10% (¥2,211.78 million), and Others for 0.03% (¥56.48 million) [38]. - The global big data market is projected to reach $187.84 billion in 2020, with a year-on-year growth of 3.1%, and is expected to achieve a compound annual growth rate (CAGR) of 9.6% from 2020 to 2024 [47]. - The database management system market is expected to grow from $46.1 billion in 2018 to $100 billion by 2024, indicating a significant opportunity for domestic database products to replace foreign ones [44]. - The 5G industry is projected to see terminal device spending and telecom service spending reach ¥14 trillion and ¥7 trillion respectively by 2025, highlighting the vast market potential [50]. Research and Development - The company is focusing on continuous R&D investment in areas such as big data, next-generation mobile communication, IoT, cloud computing, and artificial intelligence to maintain competitiveness [9]. - The company invested ¥259.19 million in R&D, representing a year-on-year growth of 56.94% [65]. - The total R&D investment for 2020 was 259,186,863.44 CNY, representing 12.92% of the operating revenue [118]. - The overall R&D progress for the integrated computing and storage platform reached 80% completion [1]. - The company has developed 36 new invention patents and 40 utility model patents, enhancing its technological capabilities [73]. Strategic Initiatives - The company plans to enhance its core competitiveness and expand its main business through a private placement approved by the China Securities Regulatory Commission [5]. - The company plans to raise ¥1 billion through a private placement to support strategic business development and technology research [77]. - The company aims to enhance its financial management efficiency through integrated financial management and improved financial accounting systems [78]. - The company plans to focus on database, big data, and 5G as its strategic business directions over the next three years, aiming to become a leading provider of domestic database solutions and a full-stack big data solution provider [81]. Client and Market Engagement - The company serves over 500 large enterprise-level users across various sectors including government, telecommunications, energy, finance, transportation, education, and military [38]. - The company has established strategic partnerships with major players in the industry, enhancing its collaborative ecosystem [67]. - The company has formed partnerships with local governments and large enterprises in Cambodia to enhance its overseas business operations [55]. Operational Challenges and Risk Management - The accounts receivable situation improved compared to the previous period, although there remains a risk of bad debt losses due to potential macroeconomic fluctuations [11]. - The company is committed to strict credit approval processes and enhancing communication with clients to mitigate accounts receivable risks [11]. - The company acknowledges the seasonal nature of its sales, with significant revenue concentration in the second half of the year, particularly in Q4 [102]. Investment and Financial Management - The company has successfully positioned its GreatDB database among the top domestic databases and has increased its industry influence by joining two industry associations and three industry alliances [79]. - The company will leverage capital market advantages to enhance its capital strength and optimize its equity structure, driving healthy development [92]. - The company has a cash balance of ¥11,771,401.82, which is restricted due to margin and frozen funds [144]. - The company has pledged accounts receivable totaling ¥267,720,400.58 as collateral for bank loans [144]. Future Outlook - In 2021, the company aims for significant growth in its database business, targeting entry into the first tier of domestic database vendors and enhancing its product iteration capabilities [83]. - The company will accelerate the development of its big data business, particularly in government and energy sectors, leveraging its strong customer resources and focusing on smart governance and digital rural projects [84]. - The company intends to establish itself as a leader in 5G open-source technology by mastering core technologies and providing leading 5G solutions to empower partners in the 5G ecosystem [86].

Financial Performance - Operating revenue for the period was ¥576,889,613.04, representing a year-on-year increase of 17.43%[8] - Net profit attributable to shareholders was ¥31,155,616.57, a decrease of 64.00% compared to the same period last year[8] - Basic earnings per share were ¥0.0601, down 63.86% from the previous year[8] - The total operating revenue for Q3 2020 was CNY 576,889,613.04, a significant increase from CNY 289,272,380.67 in the same period last year, representing a growth of approximately 99.8%[43] - The net profit for Q3 2020 was CNY 30,206,168.47, down from CNY 36,570,286.29 in the same quarter of the previous year, reflecting a decrease of approximately 17.4%[47] - The net profit for the current period was ¥25,043,742.57, down from ¥80,105,223.33 in the previous period, indicating a decrease of approximately 68.8%[57] - The total comprehensive income for the current period was ¥2,111,194.71, significantly lower than ¥36,761,735.81 in the previous period, marking a decrease of approximately 94.2%[54] Assets and Liabilities - Total assets at the end of the reporting period reached ¥4,202,175,500.83, an increase of 8.99% compared to the previous year[8] - Total liabilities rose to CNY 1,750,040,160.39 from CNY 1,428,600,866.93, an increase of about 22.5%[36] - Current assets totaled CNY 2,887,903,918.50, up from CNY 2,569,428,945.04, indicating an increase of about 12.43% year-over-year[32] - Total current assets reached ¥1,134,969,810.63, while total non-current assets were ¥2,215,922,995.18[86] - Total equity attributable to shareholders increased to CNY 2,492,611,170.88 from CNY 2,459,279,679.59, a growth of approximately 1.35%[38] Cash Flow - The net cash flow from operating activities was ¥49,943,248.77, showing a significant increase of 81.41% year-on-year[8] - The cash flow from operating activities for Q3 2020 was negative at approximately -¥48.38 million, an improvement from -¥260.25 million in Q3 2019[68] - Cash inflow from operating activities totaled 677,954,047.39, a significant increase of 112% compared to 318,844,247.49 in the previous period[73] - The net cash flow from financing activities was 143,313,015.47, a decrease of 28% from 198,435,165.68 in the previous period[77] Shareholder Information - The company had a total of 21,330 shareholders at the end of the reporting period[11] - The largest shareholder, Lu Wenbin, held 20.04% of the shares, amounting to 105,335,902 shares[11] Research and Development - R&D expenses increased by 69.95% to ¥82,616,959, reflecting the company's ongoing commitment to R&D investment[20] - Research and development expenses for Q3 2020 were CNY 30,073,703.23, compared to CNY 16,050,998.01 in the same quarter last year, marking an increase of approximately 87.2%[45] Other Income and Expenses - Non-operating income included government subsidies amounting to ¥10,673,194.45, primarily for support and patent funding[10] - The company reported a loss in investment income of ¥1,255,417.44, contrasting with a gain of ¥424,588.14 in the previous period[57] - The financial expenses for the current period amounted to ¥27,399,199.27, up from ¥21,737,752.96 in the previous period, indicating an increase of approximately 25.5%[57] Inventory and Receivables - Inventory rose by 108.63% to ¥933,987,579, attributed to projects that have not yet completed acceptance[18] - Accounts receivable notes decreased by 48.50% to ¥28,286,701, mainly due to the maturity and transfer of notes[18] Future Outlook - Future guidance indicates a commitment to maintaining financial stability while exploring potential mergers and acquisitions to drive growth[84]

COVID-19 Impact - The company reported a significant impact on overall operations due to the COVID-19 pandemic, with ongoing uncertainties regarding its effects on the macro economy and international trade[12]. - The ongoing COVID-19 pandemic has impacted operations, with domestic conditions stabilizing but international uncertainties remaining, prompting the company to seek new growth opportunities in response to national infrastructure initiatives[139]. Financial Performance - The company's operating revenue for the reporting period was ¥521,736,926.09, a decrease of 19.28% compared to ¥646,317,860.70 in the same period last year[31]. - The net profit attributable to shareholders was ¥1,960,697.70, down 96.11% from ¥50,452,070.20 year-on-year[31]. - The net profit after deducting non-recurring gains and losses was -¥3,049,991.96, a decline of 106.93% compared to ¥43,984,380.23 in the previous year[31]. - The net cash flow from operating activities improved by 49.56%, amounting to -¥98,320,282.15, compared to -¥194,933,464.04 in the same period last year[31]. - The total assets at the end of the reporting period were ¥4,047,399,067.45, an increase of 4.98% from ¥3,855,402,126.43 at the end of the previous year[31]. - The company's financial report is guaranteed to be true, accurate, and complete by its board of directors and management[4]. Revenue Composition - The main business revenue composition included ¥333,136,079.45 (63.85%) from technology development and services, ¥132,855,731.96 (25.46%) from big data products and solutions, and ¥55,709,000.93 (10.68%) from IoT products[45]. - The company's big data business saw significant growth, with energy big data revenue reaching 68.62 million yuan and government big data revenue at 51.17 million yuan[73]. - In the self-controlled product sector, the company generated 13.07 million yuan in revenue, achieving key breakthroughs in database and data security products[77]. - The company successfully entered the financial market with its distributed database products, marking a significant application in a major joint-stock bank's critical business system[77]. Investment and Funding - The company plans to raise up to CNY 1 billion through a private placement to invest in strategic core business projects[87]. - The total investment amount for the reporting period was ¥63,147,279.21, a decrease of 26.22% compared to the same period last year, which was ¥85,587,071.38[106]. - The total amount of raised funds was ¥332,505,000, with ¥40,952,600 invested during the reporting period and a cumulative investment of ¥249,795,500[108]. - The project "Telecom-grade Data Network System Technical Service Support Base and Technical Service Area Expansion" utilized ¥81,074,000 of raised funds as of June 30, 2020, achieving an investment progress of 98.27%[110]. Research and Development - The company invested CNY 67.02 million in R&D, a year-on-year increase of 47.19%[83]. - The company has developed a new "Big Data Governance Platform" that integrates data management and intelligent analysis, recognized as a leading product in its category[85]. - The company has made significant progress in the development of its 5G products, with the industrial gateway already completed and the small base station 1.0 version developed[83]. - The company is focusing on developing new technologies and products in the big data and cloud computing sectors to meet growing market demands[51][56]. Risks and Challenges - The company faces risks related to service quality and potential penalties for failing to meet contractual obligations, which could affect operational performance[6]. - The company is exposed to technology risks due to rapid advancements in the information industry, particularly in big data, databases, and 5G technologies[7]. - The company has a risk of goodwill impairment due to mergers and acquisitions, which requires annual impairment testing[11]. - The risk of bad debt losses is relatively low due to the strong financial position of its major clients; however, economic fluctuations could affect timely payments, leading to increased accounts receivable and operational risks[137]. Market Presence and Strategy - The company is focusing on new infrastructure development opportunities to create new business growth points[12]. - The company aims to expand its market presence in sectors such as telecommunications, finance, and energy through domestic database product offerings[57]. - The company is expanding its market presence through partnerships with major telecommunications operators like China Tower and China Mobile for IoT solutions[43]. - The company aims to transition from traditional technology services to providing big data products and comprehensive solutions to its clients[70]. Corporate Governance - The company has established a risk warning system and improved its internal control system to enhance governance capabilities[86]. - The company has not engaged in any major related-party transactions or acquisitions during the reporting period, maintaining a straightforward operational structure[151]. - The company has not experienced any penalties or corrective actions during the reporting period, suggesting compliance with regulatory standards[149]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 31,799[180]. - The largest shareholder, Lu Wenbin, holds 22.90% of shares, totaling 120,339,126 shares[195]. - The second-largest shareholder, Wang Xiaowei, holds 5.79% of shares, totaling 30,438,428 shares[195]. - The total number of shares outstanding remains at 525,576,150, with no new shares issued during the reporting period[174].

Financial Performance - Total revenue for Q1 2020 was ¥125,079,059.64, a decrease of 49.67% compared to ¥248,506,630.32 in the same period last year[9] - Net profit attributable to shareholders was -¥39,343,642.44, representing a decline of 244.30% from a profit of ¥27,264,678.29 in the previous year[9] - Basic and diluted earnings per share were both -¥0.0759, down 244.57% from ¥0.0525 in the previous year[9] - The company reported a significant decline in revenue, with operating income at CNY 125,079,059.64, down 49.67% compared to the previous period[25] - The company reported a net profit for the first quarter was a loss of ¥43,332,576.55, compared to a profit of ¥25,544,034.64 in the same period last year[81] - The net profit for the current period is -¥22,298,818.29, compared to a net profit of ¥10,241,546.48 in the previous period, indicating a significant decline[90] Cash Flow - The net cash flow from operating activities was -¥90,691,742.36, an improvement of 64.28% compared to -¥253,897,059.21 in the same period last year[9] - The net cash flow from operating activities is -¥90,691,742.36, an improvement from -¥253,897,059.21 in the previous period[95] - The cash received from sales of goods and services is ¥320,295,628.78, an increase from ¥226,383,386.45 in the previous period[92] - Operating cash inflow totaled $161,534,235.05, significantly up from $60,312,177.88 year-over-year[99] - The net cash flow from financing activities was $50,054,231.64, a decrease from $137,496,128.01 in the previous period[98] - The net increase in cash and cash equivalents was negative at -$65,884,697.57, compared to -$151,349,994.07 in the previous period[98] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,822,907,924.81, a decrease of 0.84% from ¥3,855,402,126.43 at the end of the previous year[9] - The company's total equity decreased to ¥2,599,750,107.42 from ¥2,622,048,925.71, a decline of 0.9%[75] - Total liabilities stood at CNY 1,438,960,136.18, slightly up from CNY 1,428,600,866.93, reflecting an increase of about 0.85%[65] - The company's equity attributable to shareholders decreased to CNY 2,420,336,802.65 from CNY 2,459,279,679.59, a decline of approximately 1.58%[68] - Cash and cash equivalents decreased to CNY 370,387,757.30 from CNY 436,261,697.88, representing a decline of approximately 15.06%[59] Operational Metrics - The cost of goods sold also decreased by 40.60%, amounting to CNY 102,626,305.99, reflecting the impact of the COVID-19 pandemic on project progress[25] - Research and development expenses increased by 59.19% to CNY 25,997,871.91, indicating a continued commitment to technological innovation[25] - Accounts receivable decreased by 43.54% to CNY 31,008,947.69, primarily due to the collection of payment during the quarter[24] - Inventory increased by 31.14% to CNY 587,053,168.78, driven by the need for additional stock for ongoing projects[24] - The company reported a decrease in sales expenses to ¥3,788,922.19 from ¥4,982,671.25 in the previous period, reflecting cost-cutting measures[85] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 35,896[14] - The largest shareholder, Lu Wenbin, holds 22.90% of the shares, amounting to 120,339,126 shares[14] Government Support and Investments - The company received government subsidies amounting to ¥273,446.11, primarily for employment stabilization[9] - The company adjusted the investment amounts for various projects, increasing the investment for the "Big Data Application Cloud Platform and New Generation Intelligent Network Communication R&D Project" from 50.6866 million to 115.7616 million RMB[47] - The investment for the "Personalized Traffic Application" project was reduced from 100.8150 million to 68.6200 million RMB, while the promotional expenses for this project increased from 21.6300 million to 62.2300 million RMB[47] Future Outlook - The company anticipates that the majority of project revenue will be recognized in the second half of the year, particularly in Q4, due to seasonal business characteristics[30] - The company is focusing on improving cash flow management and reducing operational losses in future quarters[97]

Financial Performance - The company's operating revenue for 2019 was ¥1,971,371,759.37, representing a 22.82% increase from ¥1,605,097,154.55 in 2018[31]. - The net profit attributable to shareholders for 2019 was ¥118,397,117.84, a significant turnaround from a loss of ¥386,278,749.29 in 2018, marking a 130.65% increase[31]. - The net profit after deducting non-recurring gains and losses was ¥109,888,188.57, up 127.15% from a loss of ¥404,736,904.78 in the previous year[31]. - The company's total assets at the end of 2019 were ¥3,855,402,126.43, an 8.36% increase from ¥3,557,888,910.46 at the end of 2018[31]. - The basic earnings per share for 2019 was ¥0.2277, compared to a loss of ¥0.7350 in 2018, reflecting a 130.98% increase[31]. - The weighted average return on net assets was 4.90%, a significant improvement from -13.98% in 2018[31]. - The net cash flow from operating activities was -¥32,887,181.14, an improvement of 68.42% from -¥104,146,536.82 in the previous year[31]. - The company achieved total operating revenue of 197,137 million RMB in 2019, a year-on-year increase of 22.8%[72]. - The net profit attributable to shareholders reached 11,840 million RMB, reflecting a 130.7% increase compared to the previous year[72]. Revenue Breakdown - The total revenue from big data products and solutions was ¥49,729.35 million, accounting for 25.23% of the total revenue[41]. - The revenue from IoT products was ¥25,579.72 million, representing 12.98% of total revenue[43]. - The revenue from technical development and services was ¥121,709.02 million, making up 61.73% of total revenue[43]. - The company's big data business revenue grew by 100.6% year-on-year, accounting for 25.2% of total revenue[72]. - In the energy big data sector, the company achieved revenue of RMB 156.96 million, while government big data revenue reached RMB 268.08 million, and self-controlled products generated RMB 72.25 million, all showing significant year-on-year growth[74]. Investment and R&D - Research and development investment totaled 16,515 million RMB, marking a 30.9% year-on-year growth[72]. - The company plans to increase R&D investment in strategic business areas to enhance its innovation capabilities and output competitive products and solutions[97]. - The company increased its R&D investment in database technology, focusing on the release and iteration of products like the database cloud platform and transaction database 5.0, which will significantly enhance write performance for large datasets[100]. - The company has committed to investing ¥25,000 million in a big data operation cloud project, with ¥12,782.73 million already invested, representing 51.13% of the total commitment[154]. Market and Industry Trends - The global big data market is projected to reach $56 billion in 2020, representing a growth of approximately 33.33% compared to 2018[48]. - The big data market is expected to maintain a steady growth rate of around 14%, with hardware, software, and services projected to reach $15 billion, $20 billion, and $21 billion respectively in 2020[50]. - The compound annual growth rate (CAGR) of China's big data industry from 2015 to 2020 is estimated to be 29.25%, with the industry scale expected to reach ¥1,010 billion by 2020[53]. - The database market in China is anticipated to exceed ¥20 billion in 2020, with a CAGR of 20% from 2015 to 2018[56]. - The 5G industry is expected to generate approximately ¥4.5 trillion in revenue from network and terminal equipment by 2020, with significant growth projected through 2025[57]. Strategic Initiatives - The company plans to accelerate the implementation of products and solutions in big data, cloud computing, IoT, and 5G, aiming to strengthen its market influence and establish a leading position in energy big data, government big data, and self-controlled databases[90]. - The company is focusing on strategic business areas such as energy big data and government big data[72]. - The company has established a subsidiary in Cambodia to enhance overseas investment and business expansion[63]. - The company has formed partnerships with local governments and large enterprises to better integrate into the local environment[63]. Risk Management - The company reported a significant increase in accounts receivable compared to the previous period, indicating potential risks related to cash flow and collection efficiency[9]. - The company plans to implement stricter credit approval processes and enhance communication with clients to mitigate accounts receivable risks[9]. - The ongoing COVID-19 pandemic poses risks to the company's overall business performance, with uncertainties regarding its impact on the macro economy and international trade[11]. - The company faces technology risks due to rapid advancements in the information technology sector, necessitating continuous investment in R&D to maintain competitive advantages[7]. Corporate Governance and Compliance - The company has committed to maintaining fair and transparent procedures for any unavoidable related party transactions[186]. - The company has established a legal commitment to avoid any actions that could harm its interests or those of its shareholders[186]. - The company has not faced any penalties or rectification issues during the reporting period[200]. - The company has not engaged in any direct or indirect business that competes with its subsidiaries[186]. Shareholder Returns - The company has not declared any cash dividends or stock bonuses for the reporting period[14]. - The cash dividend amount for 2019 was 0.00 yuan, with a total cash distribution (including other methods) of 50,563,569.26 yuan, representing 42.71% of the net profit attributable to ordinary shareholders[177]. - The company has implemented a stock repurchase plan, with a total repurchased share quantity of 5,056.36 thousand shares and a total amount of 50,000,000 yuan (excluding transaction costs)[178]. - The company plans not to distribute cash dividends, issue bonus shares, or increase share capital from capital reserves for the current year[174].

Financial Performance - Operating revenue for the period was CNY 289,272,380.67, representing a year-on-year increase of 2.15%[8] - Net profit attributable to shareholders was CNY 41,535,284.96, up 0.78% year-on-year[8] - Net profit after deducting non-recurring gains and losses reached CNY 39,648,111.55, an increase of 20.68% compared to the same period last year[8] - Basic earnings per share were CNY 0.0798, reflecting a 1.79% increase year-on-year[8] - The company expects to achieve a net profit of between RMB 120 million and RMB 140 million for the year, compared to a loss of RMB 386.28 million in the previous year, indicating a turnaround in performance[38] Assets and Liabilities - Total assets increased by 5.88% to CNY 3,766,988,539.52 compared to the end of the previous year[8] - Current liabilities rose to CNY 1,236,188,699.51, compared to CNY 1,136,291,663.53, reflecting an increase of about 8.8%[48] - The total liabilities increased to CNY 1,355,989,410.58 from CNY 1,187,560,463.03, reflecting a growth of approximately 14.2%[48] - The total equity attributable to shareholders reached CNY 2,440,155,207.11, up from CNY 2,395,337,900.38, indicating an increase of approximately 1.9%[50] - The total amount of long-term equity investments increased by 39.99% to CNY 22,257,802.55 from CNY 15,899,992.80, resulting from investments in non-controlling subsidiaries[21] Cash Flow - The net cash flow from operating activities was negative CNY 260,247,373.83, a decrease of 35.72% year-on-year[8] - Cash and cash equivalents decreased by 36.18% to CNY 325,828,528.60 from CNY 510,529,577.20 due to significant payments for procurement, investments, and share repurchases during the reporting period[21] - Cash received from sales and services increased by 32.59% year-on-year, primarily due to the expansion of the company's business scale and the completion of significant projects[31] - Cash paid for purchasing goods and services rose by 38.89% year-on-year, driven by revenue growth and strategic acceptance of lower-margin projects in the financial sector, leading to a faster increase in costs and a decline in overall gross margin[32] - Cash paid for investments increased by 305% year-on-year, primarily due to investments made in non-controlling subsidiaries during the reporting period[33] Shareholder Information - The total number of shareholders at the end of the reporting period was 32,744[11] - The top shareholder, Lu Wenbin, held 25.78% of the shares, amounting to 135,493,102 shares[11] Research and Development - Research and development expenses increased by 44.51% to CNY 48,611,517.90 from CNY 33,639,780.81, indicating a continued commitment to R&D investment[26] - Future outlook includes continued investment in R&D to drive innovation and market expansion, although specific targets were not disclosed in the earnings call[60] Financial Expenses - Financial expenses surged by 174.14% to CNY 21,737,752.96 from CNY 7,929,409.04, primarily due to increased interest expenses from loans[26] - The company's financial expenses for the year-to-date period rose to ¥21,737,752.96, up from ¥7,929,409.04 in the previous year, marking a significant increase[68] Other Income and Expenses - The company received government subsidies totaling CNY 7,009,700.00, primarily for support funds and R&D grants[8] - Other operating income rose by 211.62% to CNY 6,566,368.47 from CNY 2,107,138.31, mainly due to an increase in subsidies unrelated to daily operations[27] - The company reported a significant increase in prepayments, which rose to CNY 210,649,550.11 from CNY 112,382,197.52, an increase of about 87.5%[48] Investment Performance - The company reported a 96.15% decrease in investment income to CNY 424,588.14 from CNY 11,014,194.56, due to reduced purchases of financial products[26] - The investment income for the current period was ¥49,563,877.81, a substantial increase from ¥8,341,666.67 in the previous period[63]