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]

Financial Performance - The company's operating revenue for 2018 was ¥639,100,493.81, representing a 19.01% increase compared to ¥537,017,966.08 in 2017[18]. - The net profit attributable to shareholders for 2018 was ¥177,780,372.07, a decrease of 14.72% from ¥208,463,060.81 in 2017[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥155,899,691.70, down 21.05% from ¥197,454,554.39 in 2017[18]. - The total assets at the end of 2018 were ¥3,209,914,333.02, an increase of 9.23% from ¥2,938,710,527.97 at the end of 2017[18]. - The basic earnings per share for 2018 was ¥0.2395, a decrease of 14.71% from ¥0.2808 in 2017[18]. - The weighted average return on equity for 2018 was 6.54%, down from 7.92% in 2017[18]. - The company achieved operating revenue of 639.10 million yuan, a year-on-year increase of 19.01%[39]. - Total operating costs amounted to 490.36 million yuan, reflecting a year-on-year increase of 42.20%[39]. - The company reported a net profit margin of 18%, which is an improvement from 15% in the previous year[104]. Accounts Receivable and Credit Risk - As of the end of 2018, the company's accounts receivable amounted to RMB 538.31 million, accounting for 16.77% of total assets[4]. - The accounts receivable turnover rates for 2016, 2017, and 2018 were 2.32 times, 2.04 times, and 1.44 times, respectively, indicating a downward trend[4]. - The company acknowledges the risk of potential bad debts due to a significant accounts receivable balance, although the credit risk is generally controllable[4]. - The company reported a total receivables amount of RMB 538,306,992.52 as of December 31, 2018, compared to RMB 394,567,838.42 in 2017, reflecting a year-over-year increase of approximately 36.4%[120]. Research and Development - The company has developed a mature R&D model and service system, but must continuously adapt to rapid technological advancements in the software industry[7]. - In 2018, the company's R&D expenditure reached ¥230,379,106.38, accounting for 36.05% of total revenue, maintaining a stable ratio compared to previous years[54]. - Research and development expenses for the year 2018 amounted to RMB 230,379,106.38, up from RMB 192,527,309.75 in 2017, indicating an increase of about 19.7%[121]. - The company is investing in research and development, allocating 100 million RMB towards new technology initiatives[103]. - The company is focused on enhancing its competitive edge by investing in research and development initiatives[65]. Human Resources and Management - The company has established a relatively complete human resources system to attract and retain core personnel, which is critical for maintaining competitive advantage in the software industry[6]. - The company has a stable core management team, which is essential for sustainable growth and effective decision-making as the company expands[5]. - The company’s workforce increased to 2,480 employees, representing a growth of 26.27% year-on-year[37]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounts to 3,779,100 CNY[197]. - The chairman and general manager, Tang Qiu, received a pre-tax remuneration of 870,000 CNY[197]. Market and Product Development - The company launched 52 new software products during the reporting period, including various financial valuation and asset management software[29]. - The client base has expanded to over 300 financial institutions, including banks, funds, and securities companies[36]. - The company continues to focus on IT demands driven by financial product innovation and regulatory changes, indicating strong ongoing demand in the asset management sector[28]. - The company is actively pursuing new technologies such as big data, blockchain, and artificial intelligence to drive innovation and meet market demands[36]. - New product launches are expected to contribute an additional 200 million RMB in revenue, with a focus on enhancing user experience[102]. Financial Technology and Ecosystem - The company is actively laying out a financial technology ecosystem to enhance overall profitability and core competitiveness, despite facing uncertainties in technology development and market application[7]. - The financial technology industry is expected to undergo a transformation towards digitalization and intelligence, driven by advancements in technologies such as big data and artificial intelligence[82]. - The asset management industry is experiencing rapid growth, with new regulations significantly altering its development landscape[82]. - The company is exploring new asset management and custody service models based on SaaS to adapt to changes in the financial services outsourcing market[83]. Shareholder and Dividend Policies - The company plans to distribute a cash dividend of RMB 1.00 per 10 shares (including tax) to all shareholders, based on a total of 742,214,580 shares[7]. - The total cash dividend for 2018 represents 41.75% of the net profit attributable to ordinary shareholders[97]. - The company has implemented a cash dividend policy, distributing a cash dividend of 1.50 RMB per 10 shares, totaling 111,357,499.50 RMB for the 2017 fiscal year[87]. - The company has not issued any bonus shares or implemented capital reserve transfers during the reporting period[87]. Strategic Acquisitions and Investments - The company has invested in several technology firms, including a 40% stake in Shanghai Huairuo Intelligent Technology Co., with a total investment of 20 million yuan[30]. - The company is considering strategic acquisitions to enhance its market position, with a budget of 300 million RMB for potential deals[102]. - The company is exploring potential acquisitions to enhance its technology portfolio, with a budget of 500 million RMB allocated for this purpose[191]. - The company made a significant equity investment of 24 million yuan, representing a 20% stake in a technology development firm[65]. Governance and Compliance - The company has committed to not using related transactions to transfer or shift profits, ensuring the protection of shareholders' legal rights[101]. - The company has fulfilled all commitments made by actual controllers, shareholders, and related parties during the reporting period[98]. - The company will ensure that all commitments made during the IPO process remain valid regardless of changes in management[115]. - The company has made irrevocable commitments to ensure compliance with legal regulations[113]. Operational Challenges and Risks - The company faces risks related to seasonal fluctuations in revenue, with the fourth quarter typically accounting for nearly half of the annual revenue[4]. - The company reported a 49.14% decrease in product sales revenue, which was CNY 2,043,715.03, down from CNY 4,018,666.83 in 2017[44]. - The company’s subsidiary, Dongwu (Suzhou) Financial Technology Service Co., Ltd., experienced significant performance fluctuations due to stricter financial industry regulations and stock market volatility[81]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period, indicating a stable financial governance structure[119].

Financial Performance - Operating revenue for the reporting period was ¥166,195,678.22, representing a year-on-year increase of 41.93%[7] - Net profit attributable to shareholders was ¥42,191,150.18, up 26.51% year-on-year[7] - Basic earnings per share for the reporting period was ¥0.0568, reflecting a growth of 25.66% compared to the same period last year[7] - The weighted average return on equity was 1.51%, an increase of 0.21% from the previous year[7] - The company reported a net profit excluding non-recurring gains and losses of ¥42,112,889.63, which is an increase of 48.58% year-on-year[7] - Total operating revenue for the current period reached ¥166,195,678.22, a significant increase of 42% compared to ¥117,094,595.79 in the previous period[50] - Net profit for the current period was ¥45,058,254.55, representing a 30% increase from ¥34,573,967.43 in the previous period[51] - Comprehensive income for the current period totaled ¥45,058,254.55, compared to ¥35,787,743.50 in the previous period, reflecting a growth of 26%[52] - The company reported a net profit of ¥36,289,561.10 for the current quarter, an increase of 33% from ¥27,343,545.60 in the same quarter last year[55] Asset and Liability Management - Total assets at the end of the reporting period reached ¥3,075,462,947.83, an increase of 4.65% compared to the end of the previous year[7] - Cash and cash equivalents decreased by 44.92% to ¥433,505,622.81 from ¥786,980,024.60 due to the normal use of raised funds for investment projects[30] - Accounts receivable increased by 63.16% to ¥568,291,692.36 from ¥348,312,001.46, attributed to significant growth in main business revenue concentrated in the fourth quarter[30] - Total current assets increased to CNY 1,501,055,852.32 from CNY 1,475,379,356.44, reflecting a growth of 1.5%[43] - Current liabilities increased to CNY 292,349,329.34 from CNY 164,508,558.30, a rise of 77.6%[45] - Total liabilities amounted to CNY 306,225,058.18, up from CNY 179,169,668.22, reflecting a growth of 70.9%[45] - The company reported a cash balance of CNY 433,505,622.81, down from CNY 786,980,024.60, a decrease of 44.9%[43] Cash Flow Analysis - The net cash flow from operating activities for the year-to-date was -¥172,471,395.59, a decrease of 34.54% compared to the same period last year[7] - Cash flow from operating activities improved by 34.54%, reaching -¥172,471,395.59 compared to -¥263,491,279.56 in the previous year[32] - Cash flow from investing activities worsened by 175.05% to -¥215,815,338.25 from -¥78,463,509.03, mainly due to investments in financial products[32] - The company obtained short-term loans, resulting in a net cash flow from financing activities of ¥34,624,332.05, a significant improvement from -¥76,580,563.65[32] - The total cash inflow from investment activities was 465,133,947.74 CNY, while cash outflow was 680,949,285.99 CNY, resulting in a net cash flow of -215,815,338.25 CNY, worsening from -78,463,509.03 CNY in the previous period[67] Equity Incentive Plan - The company has implemented a stock incentive plan to align employee interests with shareholder value, enhancing retention and motivation[26] - The total number of restricted stock units granted under the 2016 equity incentive plan is 226,912,240 shares, with 3,848,888 shares currently unvested[27] - The equity incentive plan is part of the company's broader strategy to attract and retain top talent in the technology sector[26] - The implementation of the equity incentive plan is expected to positively impact employee performance and company culture[26] - The company continues to monitor the effectiveness of its equity incentive plan and make adjustments as necessary to meet strategic goals[27] Shareholder Information - The total number of shareholders at the end of the reporting period was 52,272[11] - The largest shareholder, Tang Qiu, holds 23.00% of the shares, amounting to 170,740,705 shares[11] - The company did not engage in any repurchase transactions during the reporting period[12]

Financial Performance - The company achieved total revenue of CNY 306,736,655.01, representing a 56.81% increase compared to CNY 195,615,864.43 in the same period last year[27]. - Net profit attributable to shareholders reached CNY 75,690,186.66, up 51.08% from CNY 50,098,952.21 year-on-year[27]. - The company reported a net cash flow from operating activities of CNY -133,260,728.06, an improvement of 40.62% compared to CNY -224,437,336.03 in the previous year[27]. - Basic earnings per share increased to CNY 0.1020, a rise of 52.01% from CNY 0.0671[27]. - The company reported a total of CNY 5,957,711.33 in non-recurring gains and losses during the reporting period[32]. - The company reported a total revenue of CNY 6,087 million for the reporting period, with a slight decrease of 1.04% compared to the previous period[62]. - The company reported a net profit of CNY 88,069,048.89 for the first half of 2018, an increase of 46.7% compared to CNY 60,061,086.59 in the same period last year[151]. - The total comprehensive income for the period was CNY 74,005,082.84, compared to CNY 58,008,858.44 in the prior year, reflecting a rise of 27.6%[156]. Accounts Receivable and Management - As of the end of 2017, the company's accounts receivable amounted to 348.31 million RMB, representing 11.85% of total assets, with a stable accounts receivable turnover rate of 2.04 times[6][7]. - The accounts receivable turnover rate has remained stable over the past three years, indicating effective management of receivables despite potential risks in complex economic environments[7]. - The company's accounts receivable increased significantly, accounting for 16.53% of total assets, up from 9.08% in the previous year[54]. - The accounts receivable turnover rates for 2015, 2016, and 2017 were 2.09, 2.32, and 2.04 times, respectively, indicating stable turnover[77]. Strategic Transformation and Technology - The company plans to actively engage in strategic transformation towards financial technology, leveraging its experience and client base in big data, cloud computing, artificial intelligence, and blockchain[12]. - The company emphasizes the importance of a robust internal control system and effective management decision-making as it scales operations and undergoes strategic transformation[8]. - The company acknowledges the potential for strategic investments in financial technology to not meet expected returns due to the industry's early-stage development and high uncertainty[12]. - The company continues to focus on product innovation and technology development, expanding its services to include off-exchange transactions and non-standard assets[35]. - The company has increased its R&D investment to meet the growing demand for financial technology solutions, particularly in areas like big data and artificial intelligence[43]. Risks and Challenges - The company faces risks related to management and talent retention, as high-quality talent is crucial in the competitive software industry[9][10]. - The company faces risks related to seasonal fluctuations in revenue and profit, particularly with Q4 revenues potentially impacting annual performance[76]. - The core management team is stable, contributing to continuous performance growth, but the company must address management risks associated with rapid growth and strategic shifts[8]. - The company has established a comprehensive human resources system to attract and retain core personnel, but faces risks of talent turnover[78]. Investments and Financial Position - The company invested CNY 20 million in Shanghai Huairuo Intelligent Technology Co., Ltd., acquiring a 40% stake, and CNY 12 million in Beijing Huiwen Technology Development Co., Ltd., acquiring a 20% stake[37]. - The company has made significant investments in fixed assets, including office buildings in Beijing and Shenzhen, contributing to a 14.35% increase in fixed assets[54]. - The total amount of raised funds is CNY 202,767.54 million, with CNY 22,000 million invested during the reporting period[63]. - The balance of unused raised funds was CNY 185,157,508.67, with additional interest and investment income of CNY 26,182,608.68[64]. Shareholder and Equity Information - The total number of ordinary shareholders at the end of the reporting period was 52,408[125]. - The largest shareholder, Tang Qiu, holds 23.75% of the shares, totaling 176,340,700 shares, with 118,060,000 shares pledged[126]. - The total number of restricted stock units for the equity incentive plan is 232,685,188, with 226,912,240 shares remaining after deductions[123]. - The company has implemented a stock incentive plan that includes various individuals, each receiving 67,500 shares, reflecting a consistent incentive strategy across the organization[113]. Operational Efficiency and Cost Management - The company's operating costs rose to CNY 56.92 million, a 57.87% increase, driven by an increase in personnel and salaries[47]. - The company maintained a focus on operational efficiency and cost reduction to benefit shareholders[67]. - The company reported a decrease in operating expenses by 3.3% compared to the previous period, improving overall efficiency[167]. Future Outlook and Guidance - The management expressed optimism about future performance, citing ongoing investments in technology and market expansion strategies[168]. - The company plans to expand its market presence and invest in new product development to drive future growth[168]. - The company has set a performance guidance for the next quarter, expecting a revenue growth of 15%[172]. - A new product line is expected to launch in Q3 2018, which is anticipated to contribute an additional 5% to overall revenue[172].

Financial Performance - The company's operating revenue for 2017 was ¥537,017,966.08, representing a 53.08% increase compared to ¥350,808,370.86 in 2016[19]. - The net profit attributable to shareholders for 2017 was ¥208,463,060.81, a 72.23% increase from ¥121,039,371.35 in 2016[19]. - The main business revenue for 2017 was ¥532,757,600, which is a 53.12% increase year-on-year[30]. - The total assets at the end of 2017 were ¥2,938,710,527.97, an increase of 8.26% from ¥2,714,518,538.76 at the end of 2016[19]. - The weighted average return on net assets was 7.92% in 2017, up from 6.00% in 2016[19]. - The company achieved operating revenue of RMB 53,701.80 million, representing a year-on-year growth of 53.08%[39]. - The net profit attributable to shareholders reached RMB 20,846.31 million, an increase of 72.23% compared to the previous year[39]. - The company's operating costs increased by 47.04% to RMB 9,290.12 million, reflecting the expansion of its business operations[39]. - The gross profit margin for custom software development and sales improved to 85.82%, up 7.16% from the previous year[46]. - The gross profit margin for service fee income decreased to 74.11%, down 11.15% from the previous year[46]. Cash Flow and Investments - The net cash flow from operating activities was negative at -¥117,350,432.45, a decline of 321.54% compared to ¥52,969,543.83 in 2016[19]. - Operating cash inflow totaled ¥551,088,551.82, a 52.81% increase year-over-year, while cash outflow surged by 117.26% to ¥668,438,984.27[59]. - Investment cash inflow reached ¥695,003,195.05, a remarkable increase of 518.10% from ¥112,442,313.14 in 2016[59]. - Total investment during the reporting period was ¥796,178,890.24, down 40.66% from ¥1,341,820,226.41 in the previous year[65]. - The company invested RMB 18,600 million to establish Shanghai Yingbao Commercial Factoring Co., Ltd., holding a 93% stake[31]. - The company also invested RMB 1,500 million for a 30% stake in Beijing Ying'an Financial Information Service Co., Ltd.[31]. Strategic Initiatives - The company is actively pursuing strategic transformation in the internet finance sector to enhance overall profitability and core competitiveness[8]. - The company recognizes the potential for strategic investments in the internet finance industry to not meet expected returns due to market uncertainties[8]. - The company has established a strategic layout in fintech, including investments in artificial intelligence and deep learning technologies[38]. - The company aims to enhance its SOFA technology platform and apply new technologies such as big data, cloud computing, artificial intelligence, and blockchain[84]. - The company will explore new asset management and custody service models based on the SaaS model to adapt to market demand changes[84]. Human Resources and Talent Management - The company has established a relatively complete human resources system to attract and retain core personnel, although risks of talent loss remain[7]. - The company’s employee count grew to 1,964, marking a 27.62% increase year-on-year, enhancing its operational capacity[37]. - The number of R&D personnel increased to 1,418, accounting for 72.20% of the total workforce, compared to 70.31% in 2016[57]. - The company is committed to building a professional management and operation team to support its growth and innovation[84]. Risk Management - The company faces risks related to management, talent retention, and technology updates, which could impact operational performance if not addressed effectively[6][7][8]. - The company emphasizes the importance of effective management decision-making and internal control systems as it expands its operational scale[6]. - The company acknowledges the seasonal fluctuation in revenue, with Q4 typically accounting for nearly half of the annual revenue due to software procurement patterns[5]. Shareholder Relations and Dividends - The company plans to distribute a cash dividend of 1.50 RMB per 10 shares (including tax) based on a total of 742,383,330 shares[8]. - The cash dividend amount for 2017 was CNY 111,357,499.50, representing 53.42% of the net profit attributable to ordinary shareholders[95]. - The cash dividend represents 100% of the total profit distribution amount for the year[91]. - The company will not issue bonus shares or implement capital reserve transfers in the current profit distribution plan[91]. Accounting and Financial Reporting - The company reported a significant change in accounting estimates for accounts receivable bad debt provisions starting from October 1, 2017, to better reflect financial status and operating performance[117]. - The company adopted a new accounting policy for government grants effective January 1, 2017, requiring future application without adjusting comparative data[115]. - The company’s financial statements will follow the revised format issued by the Ministry of Finance starting from the 2017 fiscal year[116]. - The company has committed to timely fulfillment of promises made to minority shareholders, with no overdue commitments reported[113]. Stock Incentive Plans - The company implemented a stock incentive plan with a total of 1,000,000 shares allocated for the 2016 plan, with various executives receiving different amounts[180]. - The stock incentive plan is designed to align executive compensation with long-term performance through its stock incentive plan, which is structured to promote sustained growth[178]. - The total allocation for the stock incentive plan across various executives amounts to 45,000 shares, reflecting the company's strategy to incentivize key personnel[179]. - The stock incentive plan includes a mix of initial and additional allocations, with some executives receiving up to 78,750 shares, demonstrating the company's commitment to rewarding high performance[177]. Compliance and Governance - The company has established a commitment to avoid conflicts of interest and ensure the protection of shareholders' rights[98]. - The company will ensure that any related transactions are conducted at fair market prices and in compliance with regulations[98]. - The company has a long-term commitment to avoid any related party transactions that could harm its interests[97]. - The company emphasizes compliance with regulations regarding related party transactions, ensuring fair pricing based on market standards[99].

Financial Performance - Total revenue for Q1 2018 reached ¥143,941,241.87, an increase of 84.84% compared to ¥77,875,424.47 in the same period last year[8]. - Net profit attributable to shareholders was ¥25,439,655.29, up 70.86% from ¥14,889,237.03 year-on-year[8]. - Basic earnings per share decreased by 32.08% to ¥0.0343 from ¥0.0505 in the previous year[8]. - The company achieved operating revenue of 143.94 million yuan, an increase of 84.84% compared to the same period last year[47]. - Operating costs amounted to 25.92 million yuan, reflecting a 54.06% increase year-on-year[47]. - The company reported a significant increase in prepayments, rising by 220.04% to 6.18 million yuan, mainly due to increased operational management expenses[46]. - The company reported a total revenue of 1.2 billion RMB for Q1 2018, reflecting a year-on-year growth of 15%[54]. - The net profit attributable to the parent company was CNY 25,439,655.29, up from CNY 14,889,237.03 in the same period last year, reflecting a growth of approximately 70.5%[89]. - The total profit for the period was CNY 28,363,167.63, compared to CNY 17,841,533.80 in the previous year, representing an increase of about 58.5%[88]. Cash Flow and Assets - The net cash flow from operating activities was -¥68,545,022.64, an improvement of 25.79% compared to -¥92,367,953.16 in the same period last year[8]. - The company's cash and cash equivalents decreased from ¥786,980,024.60 at the beginning of the period to ¥642,614,205.80 by the end of the period, representing a decline of approximately 18.3%[76]. - Accounts receivable increased from ¥348,312,001.46 to ¥442,284,672.28, indicating a growth of about 27%[76]. - Total current assets decreased from ¥1,475,379,356.44 to ¥1,441,145,601.71, a reduction of about 2.3%[76]. - The ending balance of cash and cash equivalents was ¥642,584,205.80, down from ¥890,718,048.64 in the previous period[97]. Shareholder Information - 唐球持股比例为23.75%，持股数量为176,340,705股，其中143,152,772股为质押状态[17]. - 张列为第二大股东，持股比例为6.49%，持股数量为48,147,300股[17]. - 鄢建红持股比例为5.90%，持股数量为43,817,250股，持有32,862,937股的限售股份[17]. - 鄢建兵持股比例为4.36%，持股数量为32,336,150股，持有24,252,112股的限售股份[20]. - 周云杉持股比例为3.36%，持股数量为24,918,550股，持有21,000,000股的限售股份[22]. - 公司前10名普通股股东在报告期内未进行约定购回交易[18]. Stock Incentive Plan - The company has implemented a stock incentive plan with a total of 67,500 shares allocated to several executives, including Chen Jie Ming and Jiang Nan, under the 2016 stock incentive plan[24]. - The stock incentive plan includes a total of 78,750 shares for executives such as Pan Jun Fang and Hou Yang Ru, which are subject to unlocking regulations[25]. - The company continues to follow the 2016 stock incentive plan, with multiple executives receiving 67,500 shares, indicating a consistent approach to employee incentives[27]. - The stock incentive plan is designed to motivate executives to achieve long-term business goals, aligning their interests with those of shareholders[25]. - The company is actively managing its stock incentive plan to ensure it remains competitive in attracting and retaining top talent in the industry[27]. - The stock incentive plan is part of a broader strategy to enhance corporate governance and align employee performance with company objectives[33]. Market Outlook and Strategy - The company provided a positive outlook for the upcoming quarters, projecting a revenue growth of 10-15% for the next quarter[53]. - New product launches are expected to contribute to revenue, with an anticipated increase of 5 million RMB from new offerings in the next quarter[51]. - The company is focusing on market expansion, targeting a 30% increase in market share in the next fiscal year[52]. - Research and development investments have increased by 25%, aimed at enhancing technology and product features[53]. - The company is exploring potential mergers and acquisitions to strengthen its market position, with a budget of 50 million RMB allocated for this purpose[51]. - A new strategic partnership has been established, expected to generate an additional 10 million RMB in revenue over the next year[52]. Compliance and Governance - The company emphasized its commitment to maintaining compliance with regulatory requirements regarding related party transactions[53]. - The company has committed to not transferring or entrusting the management of its shares for 36 months following the public offering[70]. - The company has fulfilled its commitments to minority shareholders in a timely manner[70]. - The company is committed to transparency in its incentive programs, ensuring that all stakeholders are informed about the compensation structure[32]. - The company has made a long-term commitment to uphold its promises regarding share repurchases and investor compensation[66].

Financial Performance - Total revenue for Q1 2018 reached ¥143,941,241.87, an increase of 84.84% compared to ¥77,875,424.47 in the same period last year[8]. - Net profit attributable to shareholders was ¥25,439,655.29, up 70.86% from ¥14,889,237.03 year-on-year[8]. - Basic earnings per share decreased by 32.08% to ¥0.0343 from ¥0.0505 in the previous year[8]. - The company achieved operating revenue of 143.94 million CNY, an increase of 84.84% compared to the same period last year[51]. - Operating costs amounted to 25.92 million CNY, reflecting a 54.06% increase year-on-year[51]. - The company reported a significant increase in accounts receivable, leading to a provision for bad debts rising by 189.63%[50]. - The company reported a total revenue of 100 million RMB for Q1 2018, representing a year-over-year increase of 25%[54]. - The company reported a total of 232,685,186 shares outstanding, with 8,084,038 shares under restricted stock incentive plans[46]. Cash Flow and Assets - The net cash flow from operating activities improved by 25.79%, reaching -¥68,545,022.64 compared to -¥92,367,953.16 in the same period last year[8]. - The company's cash and cash equivalents decreased from ¥786,980,024.60 to ¥642,614,205.80, representing a decline of approximately 18.3%[90]. - Accounts receivable increased from ¥348,312,001.46 to ¥442,284,672.28, showing a growth of about 27%[90]. - The total current assets decreased from ¥1,475,379,356.44 to ¥1,441,145,601.71, reflecting a reduction of about 2.3%[90]. - The company reported a cash flow from operating activities of CNY 63,769,637.51, compared to CNY 48,604,459.86 in the same period last year, representing an increase of approximately 31.1%[109]. Shareholder Information - The major shareholder, Tang Qiu, holds 23.75% of the shares, totaling 176,340,705 shares, with 100,950,000 shares pledged[17]. - The company has a total of 132,255,527 restricted shares held by Tang Qiu, with 10,897,245 shares released during the reporting period[20]. - The total number of shares held by the top ten unrestricted shareholders includes Zhang Lie with 48,147,300 shares and Tang Qiu with 44,085,178 shares[17]. - The company did not engage in any repurchase transactions during the reporting period[18]. - The total number of shares to be sold by various stakeholders includes 2,691,855 shares, with the same price condition as above[69]. Strategic Initiatives - The company is actively pursuing strategic transformation in the internet finance sector, although the market remains uncertain and may not yield expected returns[14]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2019[58]. - A strategic acquisition was announced, aiming to enhance the company's technological expertise and customer base, with an estimated cost of 50 million RMB[54]. - The company is implementing new strategies to improve operational efficiency, expecting a reduction in costs by 15% over the next year[55]. Stock Incentive Plans - The company’s stock incentive plan includes the release of 112,500 shares for Zhao Xin and 101,250 shares for Zhu Li during the reporting period[22]. - The stock incentive plan is designed to unlock shares based on performance metrics established in the 2016 plan, ensuring accountability and motivation among employees[30]. - The stock incentive allocations are part of a broader strategy to enhance employee engagement and performance through financial incentives[30]. - The company continues to focus on its stock incentive strategy as a means to retain talent and drive performance, with a clear structure for share allocation[30]. Risks and Compliance - The company highlighted a seasonal revenue and profit fluctuation risk, with Q1 typically showing lower revenue compared to Q4, which can account for nearly half of the annual total[11]. - The company faces risks related to management, talent retention, and technological advancements, which could impact operational stability and competitive advantage[13][14]. - The management emphasized a commitment to maintaining compliance with regulatory requirements regarding related party transactions[58]. - The company has committed to compensating investors for any losses due to misleading statements or omissions in the prospectus[39].

Financial Performance - The company's operating revenue for 2017 was CNY 537.02 million, representing a 53.08% increase compared to CNY 350.81 million in 2016[18]. - The net profit attributable to shareholders for 2017 was CNY 208.46 million, a 72.23% increase from CNY 121.04 million in 2016[18]. - The net profit after deducting non-recurring gains and losses was CNY 197.45 million, up 73.19% from CNY 114.01 million in 2016[18]. - The basic earnings per share for 2017 was CNY 0.2808, a 65.66% increase from CNY 0.1695 in 2016[18]. - The total assets at the end of 2017 were CNY 2.94 billion, an 8.26% increase from CNY 2.71 billion at the end of 2016[18]. - The main business revenue for 2017 was CNY 532.76 million, reflecting a 53.12% growth year-on-year[29]. - The company’s financial software revenue and net profit exhibit significant seasonal fluctuations, with Q4 revenue potentially accounting for nearly half of annual totals[4]. - The company achieved operating revenue of 53,701.80 million RMB, representing a year-on-year growth of 53.08%[38]. - The net profit attributable to shareholders reached 20,846.31 million RMB, an increase of 72.23% compared to the previous year[38]. Dividend Distribution - The company plans to distribute a cash dividend of 1.50 RMB per 10 shares (including tax) based on a total of 742,383,330 shares[7]. - The cash dividend represents 100% of the total profit distribution amount for the year[88]. - The company distributed a cash dividend of 1.5 CNY per 10 shares, totaling 111,357,499.50 CNY, which represents 53.42% of the net profit attributable to ordinary shareholders for 2017[93]. - The cash dividend payout ratio decreased from 73.62% in 2016 to 53.42% in 2017, reflecting a change in dividend policy[93]. - The retained earnings carried forward to future years amounted to 213,626,087.68 CNY after the dividend distribution[93]. Strategic Initiatives - The company is actively pursuing strategic transformation in the internet finance sector to enhance overall profitability and core competitiveness[7]. - The company acknowledges the risk of strategic investments not achieving expected returns due to uncertainties in the internet finance industry[7]. - The company has a strategic goal to transition towards technology finance, leveraging its human resources and industry experience[83]. - The company is focusing on expanding its market presence, particularly in the financial software sector, which has seen a 76% increase in demand[69]. - The company has initiated new product development in data processing and management services, aiming to enhance its technological capabilities[69]. Research and Development - The company has developed a mature R&D model and service system for financial institutions, but must keep pace with rapid technological advancements[6]. - Research and development expenses for 2017 were ¥19,252,730, accounting for 35.85% of total revenue, with a stable investment ratio[54]. - Research and development personnel increased to 1,418, accounting for 72.20% of total staff, with R&D investment amounting to ¥192,527,309.75, representing 35.85% of operating revenue[55]. - The company is committed to continuous R&D of SOFA technology platform and the application of new technologies such as big data and artificial intelligence[83]. Human Resources - The company has established a relatively complete human resources system to attract and retain core personnel, which is critical for maintaining competitive advantage[6]. - The company recognizes the importance of continuous talent acquisition and development to maintain its market position and competitive edge[6]. - The employee count increased to 1,964, reflecting a growth of 27.62% year-on-year, ensuring adequate human resources for future development[36]. Risk Management - The company faces risks related to management, particularly in maintaining effective decision-making and internal control systems during rapid growth[5]. - The company has made a commitment to avoid and minimize related party transactions, ensuring compliance with regulatory requirements and fair pricing practices[99]. - The company has pledged to avoid any direct or indirect competition with its own business operations, ensuring no conflicts of interest arise[99]. Stock Incentive Plan - The company has implemented a stock incentive plan that includes various tiers, with some employees receiving up to 67,500 shares[187]. - The stock incentive plan is designed to align employee interests with company performance, as evidenced by the structured unlocking of shares[186]. - The stock incentive plan reflects the company's strategy to enhance employee motivation and retention through financial rewards tied to company performance[188]. Investment Activities - The company invested 1,500 million RMB for a 30% stake in Beijing Ying'an Financial Information Service Co., Ltd. to enhance its financial service outsourcing capabilities[37]. - The company established Shanghai Huairuo Intelligent Technology Co., Ltd. with an investment of 2,000 million RMB for a 40% stake, focusing on artificial intelligence applications in finance[37]. - The company reported a total of 660 million RMB in entrusted financial management during the reporting period[162]. Financial Position - The company’s total investment amount for the reporting period was ¥796,178,890.24, a decrease of 40.66% from ¥1,341,820,226.41 in the previous year[63]. - The total amount of funds raised through the non-public offering was approximately ¥2.08 billion, with a net amount of ¥2.03 billion after deducting issuance costs[72]. - The company has no significant changes in the structure of its assets and liabilities, with no major fluctuations reported[60]. Market Outlook - The financial technology market in China is projected to continue growing, with the wealth management market exceeding 150 trillion RMB by the end of 2017[35]. - The company provided a future outlook projecting a revenue growth of 10% for the next fiscal year, driven by new product launches and market expansion[102]. Compliance and Governance - The company has reiterated its commitment to legal compliance and ethical standards in all business dealings[99]. - The company will ensure that any related party transactions are conducted at market-recognized reasonable prices[99]. - The company has established a framework to ensure that all related party transactions are conducted transparently and in accordance with the company's articles of association[98].