Financial Performance - The company's operating revenue for the first half of 2021 was ¥445,510,417.05, representing a 19.04% increase compared to ¥374,238,738.45 in the same period last year[27]. - The net profit attributable to shareholders was ¥193,746,197.52, a significant increase of 280.12% from ¥50,969,089.76 in the previous year[27]. - The net profit after deducting non-recurring gains and losses was ¥10,535,076.81, showing a decrease of 76.85% compared to ¥45,510,668.83 in the same period last year[27]. - The company's total assets at the end of the reporting period were ¥3,153,668,316.22, an increase of 4.66% from ¥3,013,242,668.14 at the end of the previous year[27]. - The net assets attributable to shareholders increased by 4.85% to ¥2,893,502,719.83 from ¥2,759,756,570.31 at the end of the previous year[27]. - The company achieved a main business revenue of 443.30 million yuan, a 29.62% increase from 341.99 million yuan in the same period last year[45]. - Cash received from sales of goods and services was 325.51 million yuan, up 79.62% from 181.22 million yuan year-on-year[45]. - The company reported a total profit of ¥204,874,078.94 for the first half of 2021, a rise of 238.0% from ¥60,454,617.60 in the previous year[166]. - The total comprehensive income for the first half of 2021 was 212,538,500 yuan[192]. Strategic Direction - The company plans to fully exit the financial services sector by the end of 2021, having already recovered all receivables from clients except for two specific cases[5]. - The company is actively pursuing a strategic transformation towards financial technology, leveraging its talent and client base, although some technologies like AI and blockchain are still in early development stages[9]. - The company is focusing on enhancing its data middle platform capabilities, which includes data storage, computation, and intelligent applications, to provide stable and efficient data infrastructure[46]. - The company is actively exploring and practicing intelligent applications in financial technology, aiming to assist clients in achieving digital transformation[37]. - The company is committed to enhancing user satisfaction and engagement by expanding its product offerings and improving the stability and risk control of its core products[50]. - The company plans to continue investing in new technologies and market expansion strategies to drive future growth[189]. Risk Management - The company faces risks related to management and talent, emphasizing the importance of retaining high-quality personnel in a competitive software industry[7]. - The company acknowledges the risk of seasonal fluctuations in revenue, particularly with a significant portion of annual income concentrated in the fourth quarter[4]. - The company has established a relatively sound corporate governance structure and internal control system to mitigate management risks[84]. - Talent retention is critical, with the company implementing measures to attract and retain core personnel, although risks of talent loss remain[85]. - The company is committed to technological innovation but faces risks if it cannot keep pace with rapid advancements in software development and market demands[86]. Research and Development - The company has developed a mature R&D model and service system for asset management and custody solutions, but must keep pace with rapid technological advancements[8]. - Research and development expenses increased by 37.53% to ¥205,604,800.73 from ¥149,493,212.28, driven by higher personnel costs[53]. - The company is focusing on the development of next-generation information technologies, including microservices architecture, big data, cloud computing, artificial intelligence, and blockchain[50]. - The company has allocated 15.2 million for R&D in new technologies, representing a significant investment in innovation[184]. Financial Position - Cash and cash equivalents at the end of the reporting period amounted to ¥372,306,345.93, representing 11.81% of total assets, a decrease of 5.77% compared to the previous year[64]. - Accounts receivable increased to ¥831,399,980.40, accounting for 26.36% of total assets, up by 3.37% year-on-year[64]. - The total investment amount during the reporting period was ¥226,178,374.28, a significant decrease of 51.20% compared to ¥463,505,575.92 in the same period last year[68]. - The company reported a net cash flow from operating activities of -¥96,765,343.10, a significant decline of 98.51% compared to -¥48,745,398.92 in the same period last year[53]. - The company's cash and cash equivalents decreased to ¥372,306,345.93 as of June 30, 2021, down from ¥529,680,575.98 at the end of 2020, representing a decline of approximately 29.7%[155]. Shareholder Information - The company does not plan to distribute cash dividends or issue bonus shares[10]. - The company has implemented a stable profit distribution policy to ensure reasonable returns to investors[99]. - The participation rate of investors in the annual general meeting was 19.21% on May 21, 2021[90]. - The participation rate of investors in the temporary general meeting was 25.44% on February 22, 2021[90]. - The company has not engaged in derivative investments or entrusted loans during the reporting period[78][79]. Legal and Compliance - The company has not experienced any changes in its board of directors, supervisors, or senior management during the reporting period[91]. - There have been no significant litigation or arbitration matters during the reporting period[107]. - The company reported a total receivable amount of 12,648.66 million yuan related to ongoing litigation, with no provisions for liabilities formed[108]. - The company has initiated lawsuits against clients for unpaid receivables, with some cases resulting in favorable judgments and agreements for repayment schedules[124]. - The company emphasizes the importance of rational investment and awareness of investment risks to its investors[124].

Financial Performance - The company's net profit attributable to shareholders decreased compared to the previous year, with a decline of 18,017.18 million CNY due to large bad debt provisions and costs from the new equity incentive plan [4]. - The net profit attributable to shareholders decreased by 89.79% to CNY 13,931,906.52 from CNY 136,436,981.53 in the previous year [20]. - The net profit after deducting non-recurring gains and losses was CNY -27,761,524.23, a decline of 231.50% compared to CNY 21,111,032.27 in 2019 [20]. - The company reported a negative net profit for three consecutive years, indicating uncertainty in its ability to continue as a going concern [20]. - The company recorded a total of CNY 34,455,484.71 in revenue deductions for 2020, compared to CNY 4,278,982.19 in 2019 [22]. - The company experienced significant fluctuations in quarterly performance, with a net profit of CNY -114,711,946.41 in Q4 2020 [24]. - The company's revenue for 2020 was CNY 837,770,538.79, representing a 27.79% increase compared to CNY 655,579,978.11 in 2019 [20]. - The operating cash flow for 2020 was CNY 140,880,374.44, an increase of 13.08% from CNY 124,586,918.32 in 2019 [20]. - The total assets at the end of 2020 were CNY 3,013,242,668.14, down 5.41% from CNY 3,185,448,497.87 in 2019 [20]. - The net assets attributable to shareholders decreased by 1.74% to CNY 2,759,756,570.31 from CNY 2,808,647,111.82 in 2019 [20]. - The basic earnings per share for 2020 were CNY 0.0187, a decrease of 89.83% from CNY 0.1838 in 2019 [20]. Business Strategy and Focus - The company plans to fully exit the financial business sector by the end of 2021, focusing on risk management and timely communication with clients [6]. - The company aims to enhance user experience and customer satisfaction through improved delivery efficiency and service quality [37]. - The company is actively exploring innovative business scenarios and applications in the financial industry to meet market demand [37]. - The company is committed to increasing R&D investment in next-generation information technologies, including microservices and big data [117]. - The company is focused on maintaining its market position and exploring new strategies for growth [108]. - The company plans to focus on asset custody and management, launching new information system solutions to maintain its competitive edge in the industry [116]. Research and Development - The company has developed a mature R&D model and service system in asset management and custody solutions, but must adapt to rapid technological changes in the software industry [9]. - The company's R&D investment focused on emerging technologies such as big data, blockchain, and artificial intelligence, enhancing product capabilities and service quality [37]. - The company is investing heavily in R&D, allocating 10% of its revenue, approximately 150 million RMB, to develop new technologies and improve existing products [136]. - Research and development expenses amounted to CNY 325,854,353.72, accounting for 38.90% of total operating revenue, which is an increase from 44.07% in 2019 [82]. Talent Management - The company emphasizes the importance of retaining high-quality talent, implementing effective incentive measures to mitigate the risk of talent loss [8]. - The company has established a dual-cycle system for talent development, focusing on both internal growth and the recruitment of external experts to strengthen its team [54]. - The company increased its average employee count by 13.86% year-on-year, leading to higher labor costs due to market competition for talent [62]. Financial Technology and Market Trends - The financial technology investment in China reached approximately 198.16 billion, representing a year-on-year growth of 11.90% [36]. - The financial services industry saw a 16.9% growth in the information transmission, software, and IT services sector, contributing to the overall economic recovery [31]. - The total assets under management in the financial sector grew to approximately 58.99 trillion, an increase of 13% from the previous year [34]. - The financial technology investment accounted for 20.88% of the total technology investment in 2020, slightly higher than the previous year's 20.48% [36]. Shareholder Returns and Dividends - The company plans to distribute a cash dividend of 1 CNY per 10 shares, with no stock bonus or capital increase from reserves [11]. - The cash dividend accounted for 20.91% of the distributable profit of RMB 359,603,095.84 [124]. - The company has consistently maintained a cash dividend distribution policy in line with its articles of association and shareholder resolutions [123]. - The cash dividend for 2019 was RMB 74,209,208.00, representing 54.39% of the net profit attributable to shareholders [130]. Compliance and Governance - The company is committed to transparency and accountability in its financial reporting and shareholder communications [138]. - The company has not faced any non-standard audit reports during the reporting period, indicating a clean audit status [146]. - The company has adopted new accounting policies effective from January 1, 2020, in accordance with the revised revenue recognition standards issued by the Ministry of Finance [150]. - The board of directors approved the accounting policy changes on April 26, 2020, without the need for a shareholders' meeting [149]. Legal and Risk Management - The company is currently involved in a commercial factoring contract dispute with a claimed amount of 12,648.66 million yuan, which is still under court review [161]. - The company has initiated legal proceedings to recover the 143.12 million yuan in accounts receivable and related costs [196]. - The company has implemented comprehensive measures to reduce systemic risks in its factoring business and will not pursue new clients [196].

深圳市赢时胜信息技术股份有限公司 2021 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 2021 年第一季度报告 2021-029 2021 年 04 月 1 深圳市赢时胜信息技术股份有限公司 2021 年第一季度报告全文 深圳市赢时胜信息技术股份有限公司 √ 适用 □ 不适用 单位：元 | 项目 | 年初至报告期期末金额 | 说明 | | --- | --- | --- | | 计入当期损益的政府补助（与企业业务密切相关，按照国家 | 4,548,433.35 | | | 统一标准定额或定量享受的政府补助除外） 除同公司正常经营业务相关的有效套期保值业务外，持有交 | | | | 易性金融资产、衍生金融资产、交易性金融负债、衍生金融 | | | | 负债产生的公允价值变动损益，以及处置交易性金融资产、 | 584,931.51 | | | 衍生金融资产、交易性金融负债、衍生金融负债和其他债权 | | | | 投资取得 ...

Financial Performance - Operating revenue for the reporting period was CNY 241,444,647.17, representing a year-on-year increase of 27.49%[7] - Net profit attributable to shareholders was CNY 77,674,763.17, up 73.71% from the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 64,291,230.01, an increase of 46.00%[7] - Basic earnings per share for the reporting period was CNY 0.1047, reflecting a growth of 73.92%[7] - The weighted average return on net assets was 3.40%, an increase of 1.81 percentage points compared to the previous year[7] - Total operating revenue for Q3 2020 was CNY 241,444,647.17, an increase of 27.5% compared to CNY 189,382,637.83 in the same period last year[42] - Net profit for Q3 2020 was CNY 76,828,953.59, representing a 72.0% increase from CNY 44,710,504.64 in Q3 2019[44] - Basic and diluted earnings per share for Q3 2020 were both CNY 0.1047, compared to CNY 0.0602 in Q3 2019[45] - The total profit for Q3 2020 was CNY 147,769,134.95, compared to CNY 142,536,173.64 in the previous year, marking a growth of 3.3%[51] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 3,188,156,956.64, a slight increase of 0.09% compared to the end of the previous year[7] - The company's total liabilities decreased to CNY 253,381,304.39 from CNY 305,774,259.27, a reduction of approximately 17.1%[34] - Cash and cash equivalents were reported at CNY 381,279,225.55, down from CNY 480,998,098.61 at the end of 2019, indicating a decrease of 20.7%[37] - The company reported a total liability of CNY 305,774,259.27, with current liabilities at CNY 288,351,540.99 and non-current liabilities at CNY 17,422,718.28[73] - The company’s total current liabilities decreased to CNY 237,890,725.00 from CNY 288,351,540.99, a decline of 17.5%[34] Cash Flow - The net cash flow from operating activities was CNY 34,517,537.10, a decrease of 9.80% compared to the same period last year[7] - The net cash flow from operating activities improved by 70.15%, moving from -¥47,665,475.72 to -¥14,227,861.82, indicating a reduction in losses[20] - Cash inflow from operating activities totaled CNY 472,395,505.61, slightly down from CNY 479,872,380.16 in the previous year[59] - The total cash outflow from operating activities was 486,623,367.43, compared to 527,537,855.88 in the previous period[61] - The net cash flow from financing activities was -162,504,837.82, slightly better than -166,765,411.60 in the previous period[62] Shareholder Information - The total number of shareholders at the end of the reporting period was 50,278[11] - The largest shareholder, Tang Qiu, holds 20.34% of the shares, amounting to 150,928,479 shares[11] Government Subsidies and Other Income - The company reported a total of CNY 10,013,642.39 in government subsidies recognized during the reporting period[8] - Other income for Q3 2020 was CNY 7,021,184.29, an increase of 95.5% compared to CNY 3,588,784.51 in Q3 2019[43] Expenses - The company's operating costs rose by 36.86% to ¥167,169,650.51 from ¥122,150,000.27, mainly due to increased business expenses and personnel costs[20] - Management expenses increased by 40.56% to ¥65,414,154.63 from ¥46,538,358.45, reflecting growth in employee scale and related costs[20] - Research and development expenses for Q3 2020 were CNY 63,530,148.23, a decrease of 14.4% from CNY 74,151,985.93 in Q3 2019[43] Investment Income - Investment income rose by 42.70% to ¥7,297,483.54 from ¥5,113,743.76, due to increased investment income from associated companies[20] - The company reported an investment income of CNY 7,297,483.54, which is a significant increase from CNY 5,113,743.76 in the same quarter last year[51] Changes in Financial Position - The company’s total equity increased to CNY 2,934,775,652.25 from CNY 2,879,674,238.60, reflecting a growth of 1.9%[36] - The company reported a significant increase in accounts receivable, which rose to CNY 769,614,270.83 from CNY 484,491,203.45, an increase of 58.9%[37] - Deferred income tax assets increased to CNY 10,742,804.70 from CNY 8,580,712.54, representing a growth of 25.3%[33] Stock Incentive Plan - The company plans to implement a new restricted stock incentive plan, granting 12.06 million shares at a price of ¥5.42 per share to 369 eligible participants[23]

Financial Performance - The company's operating revenue for the current period is ¥374,238,738.45, representing a 4.36% increase compared to ¥358,616,380.53 in the same period last year[23]. - The net profit attributable to shareholders for the current period is ¥50,969,089.76, a decrease of 36.54% from ¥80,320,429.85 in the previous year[23]. - The net profit after deducting non-recurring gains and losses is ¥45,510,668.83, down 39.88% from ¥75,698,384.29 year-on-year[23]. - The net cash flow from operating activities is -¥48,745,398.92, an improvement of 43.27% compared to -¥85,931,475.26 in the previous year[23]. - The total assets at the end of the current period are ¥3,051,736,286.50, a decrease of 4.20% from ¥3,185,448,497.87 at the end of the previous year[23]. - The net assets attributable to shareholders at the end of the current period are ¥2,785,894,350.42, a slight decrease of 0.81% from ¥2,808,647,111.82 at the end of the previous year[23]. - The company achieved a main business revenue of 341.99 million yuan in the first half of 2020, a decrease of 4.10% compared to 356.63 million yuan in the same period last year[47]. - Operating profit was 60.47 million yuan, down 34.82% from 92.78 million yuan year-on-year[47]. - The company reported a total comprehensive income for the first half of 2020 of CNY 51,994,311.22, down from CNY 86,322,219.30 in the previous year[156]. Accounts Receivable and Cash Flow - As of the end of 2019, the company's accounts receivable amounted to RMB 731.18 million, representing 22.95% of total assets, with a declining accounts receivable turnover rate of 2.04, 1.44, and 1.03 from 2017 to 2019[5]. - The company acknowledges the potential for bad debts due to a large accounts receivable balance, although the risk is minimal given the strong credit of its financial institution clients[5]. - The company's accounts receivable balance was 731,177.3 thousand yuan at the end of 2019, accounting for 22.95% of total assets[78]. - Accounts receivable increased to CNY 859,737,990.83 from CNY 731,177,305.49, reflecting a growth of about 17.6%[141]. - The total cash inflow from operating activities included 157,916,542.99 CNY from sales of goods and services, which was an increase from 151,436,181.45 CNY in the first half of 2019[163]. - The cash balance at the end of the first half of 2020 was 196,901,644.44 CNY, down from 422,904,764.04 CNY at the end of the first half of 2019, a decrease of approximately 53.4%[165]. Research and Development - The company plans to enhance its financial technology ecosystem to improve overall profitability and core competitiveness, although some technologies like artificial intelligence are still in early development stages[9]. - The company has established a relatively mature R&D model and service system for financial institutions' asset management and custody business, but must keep pace with rapid technological advancements to avoid risks in product development[9]. - The company is actively investing in the research and development of new technologies, including AI integration and a new data platform, to enhance its service offerings and meet market demands[33]. - The company has obtained 337 software product copyrights by the end of the reporting period, showcasing its strong R&D capabilities[37]. - Research and development investment rose by 8.11% to ¥149.49 million, indicating a continued focus on innovation[49]. - Research and development expenses for the first half of 2020 were CNY 149,493,212.28, an increase of 8.7% compared to CNY 138,282,522.83 in the same period of 2019[150]. Strategic Initiatives and Market Position - The company continues to focus on providing information technology solutions for asset management and custody services in the financial sector, with a product range that includes various software for risk management and financial data[32]. - The company is committed to continuous innovation in technology and product development to maintain its market position and competitive advantage[7]. - The company is actively pursuing a strategic transformation towards financial technology, leveraging its accumulated talent and industry experience[80]. - The company plans to expand its market presence and invest in new product development to drive future growth[172]. - The company aims to enhance its operational efficiency and explore potential mergers and acquisitions to strengthen its market position[172]. Management and Talent Retention - The company faces risks related to talent retention, as high-quality talent is crucial in the software industry, and measures to attract and retain key personnel may not fully guarantee stability[7]. - The company’s core management team remains stable, which is crucial for sustaining growth and navigating strategic changes[6]. - The company emphasizes the importance of a robust management decision-making system and internal control as it expands and undergoes strategic transformation[6]. - The company has established a relatively complete human resources system to attract and retain core personnel, but faces risks related to talent retention[79]. - The company’s management team is stable, but it must enhance its decision-making and internal control systems to manage growth effectively[79]. Risks and Challenges - The company faces risks related to technological advancements and market demand changes, which could impact its product development and competitive position[80]. - The company reported a significant seasonal fluctuation in operating income, with Q4 accounting for nearly half of the annual revenue due to software system purchases by financial institutions concentrated in the second half of the year[5]. - The company has increased its technical personnel and optimized its workforce structure in response to the pandemic, leading to higher costs and expenses compared to the previous year[46]. Shareholder Information - The total number of shares remained at 742,092 thousand, with no changes in the total share count during the reporting period[114]. - The largest shareholder, Tang Qiu, holds 20.34% of the shares, with a total of 150,928,447 shares, and has pledged 58,460,000 shares[120]. - The total number of restricted shares at the end of the period was 162,990,712 shares, with no new restrictions added during the reporting period[116]. - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period[123]. - The total number of shares held by the management team includes 95,100 shares held by Zhao Xin under the stock incentive plan[116].

Financial Performance - The company's operating revenue for 2019 was ¥655,579,978.11, representing a 2.58% increase compared to ¥639,100,493.81 in 2018[19]. - The net profit attributable to shareholders for 2019 was ¥136,436,981.53, a decrease of 23.26% from ¥177,780,372.07 in 2018[19]. - The net profit after deducting non-recurring gains and losses was ¥21,111,032.27, down 86.46% from ¥155,899,691.70 in 2018[19]. - The total assets at the end of 2019 were ¥3,185,448,497.87, a slight decrease of 0.76% from ¥3,209,914,333.02 in 2018[19]. - The company's basic earnings per share for 2019 was ¥0.1838, down 23.26% from ¥0.2395 in 2018[19]. - The company achieved operating revenue of CNY 655.58 million, a year-on-year increase of 2.58%[54]. - Net profit attributable to shareholders decreased to CNY 136.44 million, a decline of 23.26% from the previous year[54]. - The company reported a total revenue of 1.2 billion RMB for the year 2019, reflecting a year-on-year growth of 15%[106]. Cash Flow and Investments - The net cash flow from operating activities improved significantly to ¥124,586,918.32, compared to a negative cash flow of ¥49,044,888.34 in 2018, marking a 354.03% increase[19]. - Total investment cash inflow surged by 183.47% to ¥883,105,369.49, while investment cash outflow decreased by 6.88% to ¥737,649,683.27[72]. - The company invested 7.4477 million yuan in Shenzhen Turing Robot Co., Ltd. and 20 million yuan in Da Shuo Gao Ke (Beijing) Information Technology Co., Ltd., acquiring a 20% equity stake[32]. - The company has invested RMB 34,590,000 in bank wealth management products and RMB 4,900,000 in other types of wealth management, with no overdue amounts[146]. Strategic Focus and Transformation - The company is actively pursuing a strategic transformation towards financial technology to enhance overall profitability and core competitiveness[8]. - The company is focusing on digital transformation and intelligent operations as core strategic goals, aligning with industry trends towards technology integration[38]. - The company is committed to supporting financial institutions in their technology transformation, providing comprehensive solutions across IAAS, PAAS, and SAAS layers[47]. - The company has established a joint laboratory with Harbin Institute of Technology focusing on AI technologies relevant to financial risk control and investment decision-making[51]. - The company is actively developing blockchain technology applications across various sectors, including finance and supply chain[50]. Research and Development - Research and development expenses reached CNY 288.91 million, up 25.41% year-on-year[54]. - The company has launched 54 new software products, including RPA automation management platform V1.0 and financial valuation software V5.0, enhancing its product line to meet market demands[31]. - The company has strengthened its research and development capabilities, emphasizing the importance of talent in driving innovation and maintaining competitive advantage[33]. - The company is investing 100 million RMB in R&D for new technologies aimed at enhancing software capabilities[190]. Market Position and Customer Base - The company focuses on providing IT solutions for asset management and custody services to financial institutions, with products including asset custody software and risk management software[29]. - The company has maintained a stable market share in its traditional product lines, reinforcing its competitive position in the financial technology sector[30]. - The company is leveraging its expertise in financial technology to provide comprehensive solutions to over 300 financial institutions, solidifying its market leadership[33]. - The North China region contributed 49.60% of total revenue, showing a growth of 10.88% year-on-year[58]. Risk Management and Compliance - The company faces risks related to management, talent retention, and technology, which could impact its operational performance if not effectively managed[5][6][8]. - The company is responding to regulatory requirements by improving its business processes and data systems, which is crucial for risk management in the financial sector[38]. - The company has established principles to avoid conflicts of interest and ensure fair transactions in related party dealings[105]. - The company is committed to transparency in its financial dealings and will disclose related party transactions in a timely manner[105]. Shareholder Returns and Dividends - The company plans to distribute a cash dividend of RMB 1 per 10 shares (including tax) based on a total of 742,092,080 shares[8]. - The cash dividend for 2019 represents 54.39% of the net profit attributable to ordinary shareholders, compared to 41.75% for 2018[101]. - The company has a clear plan for shareholder returns for the next three years (2019-2021) as approved by the board[96]. - The cash dividend distribution plan aligns with the company's articles of association and shareholder resolutions[97]. Human Resources and Management - The company has established a relatively complete human resources system to attract and retain core personnel, although risks of talent loss remain[6]. - The company has a stable core management team, which is crucial for maintaining steady growth amid strategic transformations[5]. - The company employs a total of 2,631 staff, with 2,497 in the parent company and 134 in major subsidiaries[194]. - The company has established a comprehensive compensation and benefits system based on employee roles, seniority, and industry standards[195]. Corporate Governance - The company is focused on maintaining a strong governance framework with independent oversight from its board members[182]. - The independent board members have been actively involved in overseeing the company's strategic direction, ensuring compliance and governance[190]. - The company has maintained compliance with the commitments made regarding share transfers and has not violated any regulations[123]. - The company has a long-term commitment to protect the interests of minority shareholders and has made relevant promises to this effect[121].

Financial Performance - Total revenue for Q1 2020 was ¥120,174,969.94, a decrease of 21.51% compared to ¥153,117,329.79 in the same period last year[7] - Net profit attributable to shareholders was -¥27,090,945.70, representing a decline of 203.23% from a profit of ¥26,243,021.11 in the previous year[7] - Operating revenue declined by 21.51% to ¥120,174,969.94 from ¥153,117,329.79, attributed to the impact of the COVID-19 pandemic on business operations[19] - Operating profit turned negative at -¥25,544,710.24 compared to a profit of ¥30,361,458.57 in the previous year, marking a decrease of 184.14% due to project implementation delays[19] - Net profit for Q1 2020 was a loss of ¥26,365,776.99, compared to a profit of ¥27,184,911.31 in Q1 2019, marking a significant decline[40] - The total profit (loss) before tax was -¥25,544,710.50, a stark contrast to a profit of ¥30,343,360.07 in Q1 2019[40] - The total comprehensive income for the period was -26,177,144.98 CNY, compared to 24,119,415.32 CNY in the previous period[48] Cash Flow - The net cash flow from operating activities was -¥57,888,971.46, an improvement of 9.36% compared to -¥63,863,879.68 in the same period last year[7] - Cash inflow from operating activities totaled 111,002,072.77 CNY, down 23.8% from 145,700,126.80 CNY in the previous period[48] - The net cash flow from investing activities was -180,270,231.44 CNY, compared to 97,933,816.04 CNY in the previous period[49] - The net cash flow from financing activities was -1,814,480.36 CNY, an improvement from -18,006,409.69 CNY in the previous period[49] - Cash outflow from investing activities was 329,688,359.59 CNY, slightly up from 327,676,844.67 CNY in the previous period[49] - The ending balance of cash and cash equivalents was 232,108,312.58 CNY, down from 388,066,467.02 CNY in the previous period[49] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,152,704,652.85, down 1.03% from ¥3,185,448,497.87 at the end of the previous year[7] - Total current assets decreased from ¥1,492,101,177.32 to ¥1,457,112,648.56, a decline of approximately 2.35%[29] - Total non-current assets slightly increased from ¥1,693,347,320.55 to ¥1,695,592,004.29, an increase of approximately 0.15%[30] - Total liabilities decreased from ¥305,774,259.27 to ¥298,908,834.40, a decline of about 2.87%[31] - Total current liabilities decreased from ¥288,351,540.99 to ¥281,486,116.12, a reduction of approximately 2.99%[31] - The total liabilities decreased to ¥199,188,690.24 from ¥207,625,713.38, reflecting a reduction of approximately 4.5%[36] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 53,152[11] - The largest shareholder, Tang Qiu, held 20.34% of the shares, amounting to 150,928,479 shares, with 63,560,000 shares pledged[11] - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period[12] Research and Development - Research and development expenses increased by 9.68% to ¥74,147,602.69 from ¥67,606,442.49, indicating continued investment in new technologies[19] - The company's R&D expenses were ¥74,147,602.69, representing an increase of 9.1% from ¥67,606,442.49 in the previous year[39] - The company continues to increase investment in new generation information technology to meet strong demand in the financial sector[21] Other Financial Metrics - Basic and diluted earnings per share were both -¥0.0365, a decrease of 203.11% from ¥0.0354 in the previous year[7] - The company reported non-recurring gains and losses totaling ¥2,349,898.59, primarily from government subsidies[8] - The company reported a significant increase in financial expenses, with a net financial cost of -¥1,389,985.30 compared to ¥1,889,978.14 in the previous year[39] - The company recorded a decrease in other income to ¥4,323,303.09 from ¥8,233,373.78 year-on-year, a drop of 47%[39] Inventory and Prepayments - Inventory increased to CNY 639,539.48 due to the new revenue recognition standard adjustment[59] - The company reported a decrease in prepayments from CNY 10,251,795.09 to CNY 4,227,782.01 following the new revenue recognition standard[59]

Financial Performance - Net profit attributable to shareholders of the listed company reached ¥44,715,095.63, an increase of 5.98% year-on-year[7] - Operating revenue for the reporting period was ¥189,382,637.83, reflecting a growth of 13.95% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥44,035,964.29, up by 4.57% year-on-year[7] - Basic earnings per share for the reporting period were ¥0.0602, representing a 5.99% increase compared to the same period last year[7] - The weighted average return on net assets was 1.59%, an increase of 0.08% compared to the previous year[7] - The company reported a net profit margin improvement, with undistributed profits increasing to CNY 450,472,811.47 from CNY 399,658,743.99, a growth of about 12.7%[29] - Net profit for the current period was ¥44,710,504.64, slightly down by 0.8% from ¥45,058,254.55 in the previous period[37] - Total comprehensive income for the current period was ¥44,710,504.64, compared to ¥45,058,254.55 in the previous period, indicating a decline of 0.8%[38] - Net profit for the period was ¥126,917,522.96, up from ¥122,438,082.47, indicating a growth of about 3.9% year-over-year[46] - Total comprehensive income for the period was ¥131,032,723.94, compared to ¥119,063,337.39, reflecting an increase of about 10.1% year-over-year[47] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥3,205,850,213.21, a decrease of 0.13% compared to the end of the previous year[7] - The company reported a total net asset attributable to shareholders of ¥2,769,295,917.58, an increase of 2.05% from the previous year[7] - Total liabilities decreased to CNY 313,594,269.09 from CNY 375,184,392.45, reflecting a decline of approximately 16.4%[28] - The total equity attributable to shareholders rose to CNY 2,769,295,917.58, compared to CNY 2,713,651,911.51, an increase of approximately 2.1%[29] - The company’s long-term investments in equity increased to CNY 658,844,411.77 from CNY 618,739,687.62, showing an increase of about 6.5%[27] - Total current assets amounted to CNY 1,142,205,664.41, compared to CNY 1,094,304,671.08, indicating a growth of approximately 4.4%[32] - The company has a total of ¥4,760,277.02 in advance receipts, indicating future revenue expectations[65] - The company has a total of ¥43,730,853.59 in taxes payable, reflecting its tax obligations[65] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥47,665,475.72, a decrease of 72.36%[7] - The total cash inflow from operating activities for the period was CNY 479,872,380.16, an increase of 45.3% compared to CNY 329,901,590.79 in the previous period[51] - The net cash flow from operating activities was CNY -47,665,475.72, an improvement from CNY -172,471,395.59 in the same period last year[53] - Cash inflow from investment activities amounted to CNY 597,419,070.59, up from CNY 465,133,947.74, marking a 28.4% increase[53] - The net cash flow from investment activities was CNY 224,923,314.61, a significant recovery from CNY -215,815,338.25 in the previous year[53] - Cash inflow from financing activities totaled CNY 280,000,000.00, compared to CNY 150,520,000.00 in the prior period, reflecting an increase of 86.1%[53] - The net cash flow from financing activities was CNY -166,765,411.60, a decline from CNY 34,624,332.05 in the previous year[54] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 55,749[11] - The largest shareholder, Tang Qiu, holds 21.87% of the shares, totaling 162,300,779 shares[11] Investments and R&D - Investment income surged by 530.11% to CNY 5,113,743.76, due to higher returns from financial product investments compared to the previous year[18] - The company plans to continue focusing on R&D to drive future growth, as indicated by the significant increase in R&D expenses[36] - Research and development expenses increased significantly to ¥212,434,508.76 from ¥167,260,750.61, reflecting a growth of approximately 27% year-over-year[45] - The company maintained a strong focus on R&D, with expenses constituting a significant portion of total costs, indicating a commitment to innovation and market expansion[45] Other Financial Metrics - The company incurred a tax expense of ¥5,067,077.75, slightly higher than ¥5,034,376.93 in the previous period[37] - The company reported an asset impairment loss of ¥17,913,360.12, which increased from ¥12,682,919.17 year-over-year[46] - Other income decreased to ¥14,505,835.00 from ¥19,713,131.56, a decline of approximately 26.3% year-over-year[45]

Financial Performance - The company achieved total operating revenue of CNY 358.62 million, representing a 16.91% increase compared to CNY 306.74 million in the same period last year[22]. - Net profit attributable to shareholders reached CNY 80.32 million, up 6.12% from CNY 75.69 million year-on-year[22]. - The net profit after deducting non-recurring gains and losses was CNY 75.70 million, reflecting an 8.56% increase from CNY 69.73 million in the previous year[22]. - The company reported a net cash flow from operating activities of -CNY 85.93 million, an improvement of 35.52% compared to -CNY 133.26 million in the same period last year[22]. - Basic earnings per share increased to CNY 0.1082, a rise of 6.08% from CNY 0.1020[22]. - The company reported a total comprehensive income of CNY 86,322,219.30 for the first half of 2019, an increase from CNY 74,005,082.84 in the previous year[130]. - The net profit for the first half of 2019 was CNY 82,207,018.32, representing a 6.4% increase from CNY 77,379,827.92 in the previous year[129]. - The total operating profit for the first half of 2019 was approximately ¥83.85 million, an increase from ¥74.37 million in the same period of 2018, representing a growth of about 19.9%[134]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 3.23 billion, a slight increase of 0.51% from CNY 3.21 billion at the end of the previous year[22]. - The company’s net assets attributable to shareholders were CNY 2.72 billion, reflecting a 0.39% increase from CNY 2.71 billion at the end of the last year[22]. - Accounts receivable increased to CNY 775,929,789.44 as of June 30, 2019, compared to CNY 538,306,992.52 at the end of 2018, reflecting a growth of about 44.2%[118]. - Total liabilities as of June 30, 2019, were CNY 378,950,239.90, compared to CNY 375,184,392.45 at the end of 2018, showing a marginal increase of about 0.7%[121]. - The company’s total liabilities increased, with cash outflows for financing activities reaching approximately ¥264.57 million in the first half of 2019, compared to ¥113.92 million in the same period of 2018[139]. Research and Development - Research and development investment increased by 31.06% to RMB 138.28 million, reflecting the company's commitment to enhancing innovation capabilities[43]. - The company is committed to ongoing research and development to innovate and improve its technology solutions[157]. - The company has developed a mature R&D model and service system for financial institutions, but must keep pace with rapid technological advancements[8]. Strategic Focus and Risks - The company plans not to distribute cash dividends or issue bonus shares[9]. - The company acknowledges the risk that strategic investments may not achieve expected returns due to uncertainties in technology development and market conditions[8]. - The company emphasizes the importance of talent retention and management to mitigate risks associated with high employee turnover in the software industry[65]. - The company is actively laying out a financial technology ecosystem to enhance overall profitability and core competitiveness, despite facing risks from the underdeveloped commercial application of technologies like artificial intelligence[66]. - The company is focusing on optimizing its organizational structure and processes to improve operational efficiency and innovation capabilities[40]. Shareholder Information - The report indicates that the company’s major shareholders include Tang Qiu with 23.00% and Zhang Lie with 6.49% of total shares[100]. - The total number of common shareholders at the end of the reporting period was 51,891[100]. - The company’s executive, Pang Jun, had a reduction of 550,000 shares, leaving him with 11,546,662 shares, which are subject to restrictions[100]. - The company’s major shareholders include Zhang Lie with 48,147,300 shares and Tang Qiu with 42,685,176 shares[101]. Cash Flow and Investments - The cash flow from investment activities saw a significant increase of 259.83%, amounting to RMB 263.53 million, due to the recovery of principal from financial products[43]. - Cash inflows from investment activities were approximately ¥537.29 million in the first half of 2019, significantly higher than ¥285.37 million in the same period of 2018, representing an increase of about 88.2%[139]. - The company reported a significant increase in cash received from investment recoveries, totaling approximately ¥496.44 million in the first half of 2019, compared to ¥100.80 million in the same period of 2018[142]. Corporate Governance - The company has not engaged in any major related party transactions during the reporting period[78]. - There were no significant litigation or arbitration matters during the reporting period[75]. - The company has not implemented any stock incentive plans or employee shareholding plans during the reporting period[77]. - The company has maintained its ability to continue as a going concern for at least 12 months from the end of the reporting period[181]. Market Position and Future Outlook - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming quarters[147]. - Future guidance indicates a projected revenue growth of 15.4% for the next fiscal year[150]. - The company is exploring potential mergers and acquisitions to further strengthen its market position[150].

Financial Performance - Total revenue for Q1 2019 was CNY 153,117,329.79, representing a 6.37% increase compared to CNY 143,941,241.87 in the same period last year[7] - Net profit attributable to shareholders was CNY 26,243,021.11, up 3.16% from CNY 25,439,655.29 year-on-year[7] - Net profit after deducting non-recurring gains and losses decreased by 11.92% to CNY 22,370,379.46 from CNY 25,398,913.61 in the previous year[7] - Basic and diluted earnings per share increased by 3.21% to CNY 0.0354 from CNY 0.0343 year-on-year[7] - Total operating revenue for Q1 2019 was CNY 153,117,329.79, an increase of 6.5% compared to CNY 143,941,241.87 in Q1 2018[56] - Net profit for Q1 2019 reached CNY 27,184,911.31, representing a 9.0% increase from CNY 24,956,266.43 in Q1 2018[58] Cash Flow and Assets - The net cash flow from operating activities improved by 6.83%, reaching CNY -63,863,879.68 compared to CNY -68,545,022.64 in the same period last year[7] - Cash and cash equivalents increased to CNY 369,811,102.28 from CNY 349,922,956.66 at the end of 2018, reflecting a growth of 5.3%[52] - The company's total assets as of March 31, 2019, were CNY 2,880,393,036.60, a decrease from CNY 2,908,044,312.17 at the end of 2018[55] - The company's total assets amounted to 3,209,914,333.02 yuan, remaining stable compared to the previous reporting period[74] - The company’s total liabilities were 375,184,392.45 yuan, indicating a manageable level of debt relative to its asset base[74] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 48,877[11] - The largest shareholder, Tang Qiu, holds 23.00% of the shares, amounting to 170,740,705 shares, with 94,560,000 shares pledged[11] - The company plans to sell up to 1,200,000 shares within one year after the lock-up period ends, with a total of 2,800,000 shares to be sold over two years[30] - The company aims to maintain shareholder interests and stabilize stock prices through commitments to not sell shares below the IPO price[33] Research and Development - Research and development expenses grew by 31.27% to ¥67,606,442.49, reflecting the company's commitment to enhancing overall R&D capabilities[18] - Research and development expenses for Q1 2019 were CNY 67,606,442.49, an increase of 31.2% compared to CNY 51,500,829.78 in Q1 2018[56] - New product development includes the launch of an AI-driven analytics tool, expected to enhance customer engagement and retention rates by 30%[22] Strategic Plans and Market Expansion - The company has set a future outlook with a revenue guidance of 600 million RMB for the full year 2019, indicating a growth target of 20%[24] - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[23] - A strategic acquisition of a local tech firm is in progress, aimed at enhancing the company's technological capabilities and service offerings[24] Compliance and Commitments - The company reported no violations of commitments made during the IPO process, ensuring compliance with regulatory requirements[23] - The company commits to repurchase all newly issued shares at the secondary market price if there are false records or misleading statements in the prospectus[36] - The commitment to repurchase shares is irrevocable, and the company will bear all legal responsibilities for any violations[38] - The company assures that all commitments made during the IPO will remain valid regardless of any changes in the positions of the individuals involved[39] Operational Efficiency - The company is focused on reducing operational costs by 15% through efficiency improvements and technology upgrades[22] - The company's management expenses decreased by 33.11% to ¥17,612,924.55, as it adjusted costs based on operational conditions[18] - Sales expenses decreased to CNY 5,734,034.03, down 27.7% from CNY 7,938,482.27 in the previous year[61]