Financial Performance - The company's operating revenue for 2021 was ¥1,029,890,830.10, representing a 22.93% increase compared to ¥837,770,538.79 in 2020[20]. - The net profit attributable to shareholders in 2021 surged to ¥262,793,770.63, a remarkable increase of 1,786.27% from ¥13,931,906.52 in 2020[20]. - The net profit after deducting non-recurring gains and losses was ¥52,883,799.63, up 290.49% from a loss of ¥27,761,524.23 in 2020[20]. - The basic earnings per share for 2021 was ¥0.3494, a significant rise of 1,768.45% compared to ¥0.0187 in 2020[20]. - The total assets at the end of 2021 amounted to ¥3,330,577,979.73, reflecting a 10.53% increase from ¥3,013,242,668.14 at the end of 2020[20]. - The net assets attributable to shareholders increased by 8.10% to ¥2,983,399,672.94 at the end of 2021, compared to ¥2,759,756,570.31 at the end of 2020[20]. - The net cash flow from operating activities in 2021 was ¥106,132,963.34, a decrease of 24.66% from ¥140,880,374.44 in 2020[20]. - The company reported a quarterly revenue of ¥337,153,337.68 in Q4 2021, which was the highest among the four quarters[22]. - The net profit attributable to shareholders in Q4 2021 was ¥55,192,003.21, showing a strong performance compared to previous quarters[22]. - The company achieved operating revenue of CNY 1,029,890,830.10, a year-on-year increase of 22.93%[62]. - Main business revenue reached CNY 1,025,717,700.00, growing by 27.69% compared to the previous year[62]. - The total revenue for the year 2021 was reported at 138.2 million, representing a growth of 34% compared to the previous year[130]. - The company reported a total revenue of 1.5 billion RMB for the fiscal year 2021, representing a year-over-year growth of 20%[139]. Investment and R&D - Research and development expenses rose to CNY 44,863,030.00, marking a 37.68% increase year-on-year[53]. - The company is investing 200 million RMB in R&D for new technologies aimed at enhancing data security and user experience[139]. - The company has committed to enhancing its organizational culture and innovation mechanisms, optimizing performance evaluation and incentive systems[104]. - The company aims to strengthen its research on next-generation information technologies, including microservices, big data, cloud computing, artificial intelligence, and blockchain[103]. - The company has established a comprehensive training program to enhance employee skills and core competitiveness[165]. Market Position and Strategy - The company is actively developing its financial technology ecosystem to enhance overall profitability and core competitiveness[8]. - The company has established a strong market position by providing comprehensive IT solutions to over 400 financial institutions, enhancing its competitive edge in the financial IT sector[59]. - The company is focusing on digital transformation and has invested in new product development in areas such as digital currency and carbon neutrality[57]. - The company plans to continue expanding its market presence and investing in new technologies to enhance its service offerings[66]. - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market presence[139]. - Market expansion efforts have led to a 30% increase in market share in the Southeast Asia region[139]. Corporate Governance and Compliance - The company adheres to strict governance practices, ensuring compliance with relevant laws and regulations, and maintaining a high level of operational transparency[108]. - The company maintains complete independence from its controlling shareholders in terms of business operations, personnel, assets, and finances, ensuring a fully independent operational capability[118]. - The company has established an independent financial accounting department with a complete financial accounting system, allowing for independent financial decision-making and tax compliance[124]. - The company has established a relatively complete and reasonable corporate governance structure and internal control system[184]. - The company actively fulfills its corporate social responsibilities and maintains transparent communication with investors[188]. Employee and Talent Management - The company faces risks related to talent retention, as high-quality talent is crucial in the competitive software industry[6]. - The company has established a relatively complete human resources system to attract and retain core personnel, including stock ownership for key talents[6]. - The total number of employees at the end of the reporting period was 4,088, with 3,709 in the parent company and 379 in major subsidiaries[162]. - Technical personnel accounted for 94.72% of the total workforce, with 3,872 technical staff, representing a 25.8% increase from the end of 2020[164]. - Employee compensation included in operating costs was CNY 326.13 million, making up 93.17% of total operating costs[163]. Risk Management - The company acknowledges the risk of strategic investments not achieving expected returns due to uncertainties in technology development and market applications[8]. - The company emphasizes the importance of timely adaptation to new technology trends and market demands to mitigate technical risks[8]. - The company has implemented measures to enhance employee training and development, ensuring compliance with labor laws[188]. Shareholder Returns - The company plans to distribute a cash dividend of RMB 1.00 per 10 shares (including tax) based on a total of 751,557,080 shares[8]. - The company distributed a cash dividend of CNY 1.00 per 10 shares, totaling CNY 75.16 million, which represents 100% of the profit distribution[168]. - The cash dividend policy was approved by the board and implemented on June 17, 2021, following the shareholders' meeting[166]. Future Outlook - The company has provided a revenue guidance of 1.8 billion RMB for the fiscal year 2022, which reflects an expected growth of 20%[139]. - The company aims to reduce operational costs by 15% through efficiency improvements in the next fiscal year[192]. - The company plans to stabilize its stock price and has committed to repurchase shares if certain conditions are met, specifically if the stock price falls below the net asset value per share[199].

Financial Reporting - Shenzhen Winsun Technology Co., Ltd. disclosed its Q3 2021 report on October 28, 2021[1] - The company guarantees the accuracy and completeness of the information disclosed in the report[1] - Investors are advised to refer to the report available on the China Securities Regulatory Commission's designated information disclosure website[1]

深圳市赢时胜信息技术股份有限公司 2021 年第三季度报告 证券代码：300377 证券简称：赢时胜 公告编号：2021-062 深圳市赢时胜信息技术股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不 存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度 报告中财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 247,227,075.37 | 2.39% | 692,737,492.42 | ...

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]