Financial Performance - The company's revenue for Q1 2022 was ¥102,879,144.70, a decrease of 4.24% compared to ¥107,428,971.74 in the same period last year[3] - The net profit attributable to shareholders was -¥7,808,585.23, representing a decline of 803.40% from ¥1,110,119.41 in the previous year[3] - The total net profit for the period was -11,118,055.00, a decrease from -2,141,273.45 in the previous year, reflecting worsening financial performance[20] - Operating profit was reported at -11,103,366.15, compared to -2,607,284.00 in the same quarter last year, showing a substantial increase in losses[20] - Revenue from sales of goods and services received cash of 57,860,540.69, down from 65,286,687.83 in the previous year, indicating a decline of approximately 6.5%[23] - The company reported a basic and diluted earnings per share of -0.0555, compared to 0.0081 in the same period last year, reflecting a negative shift in profitability[20] Cash Flow - The net cash flow from operating activities was -¥164,225,427.68, a decrease of 24.68% compared to -¥131,720,892.22 in the same period last year[3] - The net cash flow from financing activities increased by ¥77,538,000.00 compared to the same period last year, primarily due to increased bank loans[9] - Investment activities generated a net cash flow of 69,259,962.61, down from 125,902,470.40 in the previous year, indicating a decrease of approximately 45%[24] - The total cash and cash equivalents at the end of the period were 117,559,815.62, down from 195,606,052.91 at the end of the previous year, indicating a decrease of approximately 40%[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥907,345,063.15, an increase of 9.82% from ¥826,188,969.44 at the end of the previous year[3] - Total liabilities increased to ¥420,105,394.49 from ¥327,831,245.79, indicating a rise of approximately 28.0%[16] - The total equity attributable to shareholders decreased to ¥470,925,019.60 from ¥478,733,604.83, reflecting a decline of about 1.7%[16] Operational Metrics - The balance of short-term loans at the end of the period was ¥90,000,000.00, reflecting the company's need for financing to support operational development[8] - The balance of accounts receivable increased by 70.64% to ¥123,358,898.59, attributed to seasonal collection delays[7] - The inventory balance rose by 27.65% to ¥475,723,033.47, driven by business expansion and ongoing projects[7] - Total operating costs increased to ¥114,181,878.84 from ¥110,664,742.61, indicating a rise of about 3.8%[18] Shareholder Information - The number of common shareholders at the end of the reporting period was 17,604[11] - The top ten shareholders held a combined 51.69% of the total shares, with Shanghai Anshuo Technology Development Co., Ltd. holding the largest share at 30.61%[11] Research and Development - The company incurred research and development expenses of 30,425,946.10, slightly up from 29,379,963.53 in the previous year, showing continued investment in innovation[20] Financial Expenses - The company experienced a 138.09% increase in financial expenses, totaling ¥161,555.91, due to increased bank loans[8] - The financial expenses included interest expenses of 294,098.50, compared to 57,416.67 in the previous year, indicating an increase in borrowing costs[20]

Financial Performance - The company's net profit decreased by 80.85% compared to the same period last year, primarily due to the impact of the COVID-19 pandemic, increased labor costs, and significant investments in innovative big data credit services [5]. - The net profit attributable to shareholders decreased by 80.85% to ¥11.72 million in 2021 from ¥61.22 million in 2020 [21]. - The company's operating revenue for 2021 was ¥755.18 million, an increase of 14.26% compared to ¥660.95 million in 2020 [21]. - The net cash flow from operating activities was negative at ¥97.17 million, a decline of 230.23% compared to ¥74.62 million in 2020 [21]. - The basic earnings per share dropped by 81.35% to ¥0.0831 in 2021 from ¥0.4455 in 2020 [21]. - The weighted average return on equity for 2021 was 2.50%, a decrease of 11.12% from 13.62% in 2020 [21]. - The company reported a net profit of ¥17.48 million in Q4 2021, recovering from a loss of ¥9.49 million in Q2 2021 [24]. - The company achieved a net profit attributable to shareholders of 11.72 million yuan, a decrease of 80.85% compared to the previous year [42]. - Operating revenue reached 755.18 million yuan, an increase of 14.26% year-on-year, with cash received from sales and services amounting to 788.62 million yuan, up 7.74% [42]. Investment and R&D - Research and development investment totaled 129.01 million yuan, a 16.55% increase from 110.69 million yuan in the previous year, reflecting the company's commitment to innovation [45]. - The company has invested heavily in product research and innovation, maintaining the core competitiveness of its solutions and products despite challenges posed by the COVID-19 pandemic [41]. - The company aims to enhance its product capabilities through the development of a new generation credit risk management system utilizing AI tools, which is expected to improve its competitive position in the market [66]. - The company is focused on expanding its market presence and enhancing its product offerings through ongoing research and development efforts [116]. - The company's R&D investment amounted to ¥129,007,518.32 in 2021, representing 17.08% of total revenue, an increase from 16.75% in 2020 [70]. Market Strategy and Client Base - The company is focusing on enhancing data capabilities and digital transformation in line with the "Financial Technology Development Plan (2022-2025)" issued by the central bank [32]. - The company has established partnerships with 4 large state-owned banks, 11 joint-stock banks, 101 city commercial banks, and 13 rural commercial banks with assets over 200 billion, among others, totaling 6 state-owned banks, 12 joint-stock banks, 129 city commercial banks, and 17 rural commercial banks [34]. - The company has expanded its client base for credit and big data services to over 50 banking clients, generating 29.33 million yuan in revenue from these services [48]. - The company plans to enhance its profitability and operational efficiency in 2022, focusing on digital transformation for clients and expanding into overseas markets [48]. - The company has a diverse service model, including customized development, time-based pricing, and standardized product sales, catering to various client needs [35]. Operational Challenges - The company has experienced a significant decline in net profit due to increased operational challenges and market conditions [21]. - The company is aware of operational efficiency risks due to its expanding scale and increasing project execution demands [97]. - The company anticipates seasonal fluctuations in revenue and profit, primarily driven by the banking sector's budget and procurement cycles [98]. - The company is concerned about the potential impact of the COVID-19 pandemic on its operational efficiency and project timelines in 2022 [98]. Governance and Compliance - The company adheres to the regulations of the Company Law and Securities Law, ensuring a high level of corporate governance and compliance with relevant guidelines [101]. - The company maintains an independent operational structure, with no financial guarantees provided to the controlling shareholder during the reporting period [102]. - The board of directors and supervisory board are composed in accordance with legal requirements, ensuring responsible governance and active participation in training [102]. - The company has established a transparent performance evaluation and incentive mechanism for senior management, aligning with legal standards [103]. - The company has not engaged in any related party transactions that would compromise its financial integrity during the reporting period [102]. Employee and Compensation - The total number of employees at the end of the reporting period was 3,778, with 1,858 in the parent company and 1,920 in major subsidiaries [143]. - Employee compensation accounted for 45,604.48 million RMB, representing 91.30% of the total operating costs [144]. - The core technical personnel comprised 19.57% of the total workforce in 2021, with their compensation making up 28.28% of the total salary expenses [144]. - The company conducted various training programs for employees, including management training and technical skills training [145]. Environmental and Social Responsibility - The company donated 300,000 yuan to Lanzhou University for the "Zhigong Lecture Hall" project and 100,000 yuan to Shanghai International Studies University for the establishment of the "Anshuo Education Fund" [163]. - The company implemented green office practices, including strict air conditioning temperature controls and promoting paperless operations to achieve energy savings [163]. - The company has not engaged in any significant environmental violations or received administrative penalties during the reporting period [162]. Future Outlook - The company provided guidance for the next quarter, expecting revenue to grow by 15% to 1.725 billion RMB [126]. - New product launches are anticipated to contribute an additional 200 million RMB in revenue over the next year [125]. - Market expansion plans include entering three new provinces, projected to increase market share by 10% [126]. - The company is exploring potential acquisitions to enhance its technology portfolio, with a budget of 500 million RMB allocated for this purpose [125].

Financial Performance - The company's revenue for Q3 2021 was ¥176,522,451.22, a decrease of 7.64% compared to the same period last year[3]. - The net profit attributable to shareholders was ¥2,621,956.31, down 83.73% year-on-year, while the net profit after deducting non-recurring gains and losses was ¥1,916,010.36, a decrease of 86.31%[3]. - The company reported a net cash flow from operating activities of -¥291,983,233.89 for the year-to-date, a decline of 173.65%[3]. - The net profit for the third quarter was a loss of ¥13,612,743.89, compared to a profit of ¥18,256,187.69 in the same quarter last year[26]. - The company reported a total comprehensive loss of ¥13,612,743.89 for the quarter, contrasting with a comprehensive income of ¥18,227,527.69 in the previous year[27]. - Basic and diluted earnings per share for the third quarter were both -¥0.0419, compared to ¥0.1571 in the same period last year[27]. Assets and Liabilities - The total assets at the end of the reporting period were ¥942,611,041.24, an increase of 8.98% compared to the end of the previous year[3]. - Total assets as of September 30, 2021, amounted to CNY 942,611,041.24, compared to CNY 864,925,553.29 at the end of 2020[22]. - Current assets totaled CNY 812,266,720.56, an increase from CNY 751,007,466.84 at the end of 2020[21]. - Current liabilities amounted to CNY 437,074,303.94, compared to CNY 347,128,575.17 at the end of 2020[22]. - The total liabilities increased to ¥451,297,389.42, up from ¥351,757,561.42 year-on-year[23]. - The total liabilities increased to 351,757,561.42 CNY from 365,101,419.04 CNY, reflecting a change in the company's financial structure[35]. Cash Flow - The cash flow from operating activities for the current period was not disclosed, but the previous year's figure was ¥364,488,869.24[29]. - The net cash flow from operating activities was -291,983,233.89 CNY, compared to -106,701,105.30 CNY in the same period last year, indicating a decline in operational cash flow[30]. - Total cash inflow from investment activities was 223,272,869.59 CNY, down from 489,290,365.94 CNY year-over-year[30]. - The net cash flow from investment activities improved to 153,650,053.12 CNY, compared to -77,302,297.56 CNY in the previous year[30]. - Cash and cash equivalents at the end of the period were 139,091,583.79 CNY, down from 157,625,427.24 CNY at the end of the same quarter last year[31]. - The company’s cash outflow for operating activities was 688,026,576.23 CNY, compared to 476,822,249.66 CNY in the previous year, indicating increased operational expenses[30]. Shareholder Information - Total number of ordinary shareholders at the end of the reporting period was 15,872[15]. - The largest shareholder, Shanghai Anshuo Technology Development Co., Ltd., holds 30.61% of the shares, totaling 43,164,542 shares[15]. - The company’s total equity attributable to shareholders decreased by 2.98% to ¥464,013,241.82 compared to the end of the previous year[4]. - The equity attributable to shareholders of the parent company decreased to ¥464,013,241.82 from ¥478,261,621.72 in the previous year[23]. - The company’s total equity remained stable at 513,167,991.87 CNY, reflecting consistent shareholder value[35]. Research and Development - Research and development expenses for the first three quarters amounted to ¥101,356,070.57, an increase of 25.74% year-on-year, reflecting the company's commitment to innovation[11]. - Research and development expenses increased to ¥101,356,070.57, representing a rise of 25.7% from ¥80,610,544.97 in the previous year[25]. Operational Insights - The company experienced a significant seasonal fluctuation in revenue, with a higher proportion of income typically recognized in the fourth quarter[10]. - Accounts receivable increased by 136.63% year-to-date, totaling ¥162,311,172.31, indicating a seasonal delay in cash collection[9]. - The company’s sales expenses for the first three quarters were ¥22,246,141.21, up 25.03% year-on-year, driven by increased business activities[11]. - The company reported a significant increase in accounts receivable, which rose to CNY 162,311,172.31 from CNY 68,592,443.21 year-on-year[21]. Financing Activities - Cash received from borrowings in the first three quarters was CNY 125,000,000, an increase of 47.06% compared to the same period last year, mainly due to an increase in bank loans during the reporting period[13]. - Cash paid for debt repayment in the first three quarters was CNY 10,000,000, a 100% increase year-on-year, primarily due to increased bank loan repayments during the reporting period[13]. - Cash paid for dividends, profits, or interest payments in the first three quarters was CNY 29,260,327.19, up 75.53% year-on-year, mainly due to an increase in dividend distribution compared to the previous year[13]. - The net cash flow from financing activities was 85,984,672.81 CNY, compared to 75,427,200.01 CNY in the previous year, indicating a slight improvement[31]. Audit Information - The third quarter report of Shanghai Anshuo Information Technology Co., Ltd. is unaudited[37].

Market Environment - The company reported a significant impact from the COVID-19 pandemic on the international economy, leading to uncertainty in software service demand from financial institutions [6]. - The company's future outlook remains cautious due to ongoing market uncertainties and competitive pressures [6]. - The company faces risks from market environment changes, including the impact of COVID-19 and intensified competition in the financial software industry [71]. Competition and Market Share - The company has maintained a relatively stable market share in the banking information technology sector, but faces increased competition from both established and new entrants [6]. - The company’s management acknowledges the need for effective human resource strategies to retain talent amidst increasing market competition [7]. - The company plans to enhance its marketing strategies and expand its market share, particularly in Hong Kong and overseas markets [75]. Financial Performance - The company's operating revenue for the reporting period was ¥242,382,550.56, representing a 23.25% increase compared to ¥196,665,720.94 in the same period last year [23]. - The net profit attributable to shareholders was a loss of ¥8,383,740.05, a decrease of 253.03% from a profit of ¥5,478,496.26 in the previous year [23]. - The net cash flow from operating activities was a negative ¥241,107,800.91, which is a 135.34% decline compared to a negative ¥102,452,923.60 in the same period last year [23]. Research and Development - The company emphasizes the importance of continuous technological innovation, with substantial annual R&D investments, although there are risks associated with the effectiveness of these innovations [7]. - Research and development expenses rose to CNY 66,958,304.90, marking a 37.31% increase year-on-year [42]. - The company plans to invest 100 million RMB in research and development for new technologies in the upcoming year [98]. Operational Efficiency - The company's operational efficiency is challenged by an increase in project volume and personnel, necessitating improved management practices [7]. - The company has increased its personnel count, which has led to management challenges and potential efficiency losses [73]. - The company has implemented new strategies aimed at improving operational efficiency and reducing costs [178]. Revenue Trends - Seasonal fluctuations in revenue are noted, with significant income expected in the third and fourth quarters due to the nature of banking clients' budgeting and procurement processes [7]. - The company has a seasonal revenue pattern, with significant income typically realized in the third and fourth quarters due to project implementation peaks [34]. - The company reported a total revenue of 1.5 billion RMB for the first half of 2021, representing a year-on-year increase of 20% [97]. Assets and Liabilities - The total assets at the end of the reporting period were ¥870,310,140.97, showing a slight increase of 0.62% from ¥864,925,553.29 at the end of the previous year [23]. - The total liabilities increased to CNY 394,062,064.12 as of June 30, 2021, compared to CNY 307,659,338.83 at the end of 2020, marking a rise of approximately 28.0% [159]. - The company's cash and cash equivalents decreased to RMB 161,073,345.60 from RMB 212,466,694.89, representing a decline of approximately 24.2% [152]. Shareholder Information - The company does not plan to distribute cash dividends or issue bonus shares for the reporting period [8]. - The company approved the 2020 Restricted Stock Incentive Plan, which aims to attract and retain talent, ensuring alignment of interests among shareholders, the company, and core team members [84]. - The largest shareholder, Shanghai Anshuo Technology, held 30.61% of the shares, totaling 43,164,507 shares [138]. Strategic Initiatives - The company aims to expand its market presence by addressing the growing demand for system upgrades and regulatory compliance in the banking sector [33]. - The company is actively seeking to expand its market presence and enhance its service offerings through strategic investments and partnerships [69]. - The company is exploring market expansion opportunities to increase its market share in the technology sector [178]. Corporate Governance - The company emphasizes continuous communication with stakeholders to enhance governance and protect the rights of all investors, including minority shareholders [92]. - The financial report was approved by the board of directors on August 20, 2021, reflecting the company's financial status as of June 30, 2021 [191]. - The company confirms its ability to continue as a going concern for at least 12 months from the reporting date [188].

Financial Performance - The company's revenue for Q1 2021 was ¥107,428,971.74, representing a 38.95% increase compared to ¥77,317,370.48 in the same period last year[8]. - Net profit attributable to shareholders was ¥1,110,119.41, up 22.11% from ¥909,114.90 year-on-year[8]. - Basic earnings per share increased to ¥0.0081, reflecting a growth of 22.73% from ¥0.0066[8]. - The company's operating revenue for the current period was 107.43 million yuan, an increase of 38.95% compared to the same period last year, primarily due to the easing of the COVID-19 pandemic and accelerated project implementation and delivery[18]. - The net cash flow from operating activities decreased by 82.27 million yuan compared to last year, attributed to delayed payments and seasonal characteristics of project costs[18]. - The net cash flow from operating activities was -131,720,892.22 CNY, compared to -49,452,911.78 CNY in the previous period, indicating a significant increase in cash outflow[66]. - The net profit for Q1 2021 was CNY 598,148.61, compared to CNY 514,049.39 in the same period last year, reflecting a growth of approximately 16.4%[63]. - The total profit for Q1 2021 was CNY 283,695.93, down from CNY 364,000.88 in the previous year[62]. Cash Flow and Investments - The net cash flow from investing activities increased by 199.87 million yuan year-on-year, mainly due to an increase in the redemption of financial products[18]. - The total cash inflow from investment activities was 161,310,877.35 CNY, while cash outflow was 35,408,406.95 CNY, resulting in a net cash flow of 125,902,470.40 CNY, a substantial improvement from -73,063,178.64 CNY in the prior period[66]. - The company reported a net cash flow from financing activities of 9,942,583.33 CNY, down from 84,920,125.00 CNY in the previous period, reflecting a decrease in financing inflows[67]. - The cash flow from investment activities showed a net inflow of 132,355,762.44 CNY, a significant recovery from -70,844,918.70 CNY in the prior period[70]. Assets and Liabilities - Total assets at the end of the reporting period were ¥860,891,304.95, a slight decrease of 0.47% from ¥864,925,553.29 at the end of the previous year[8]. - The company's cash and cash equivalents decreased to CNY 196,404,052.91 from CNY 212,466,694.89, reflecting a decrease of about 7.5%[48]. - Accounts receivable increased significantly to CNY 111,506,799.07, up from CNY 68,592,443.21, indicating a growth of approximately 62.5%[48]. - Inventory levels rose to CNY 345,745,048.09, compared to CNY 265,017,239.15, marking an increase of around 30.4%[48]. - The company's total liabilities decreased to CNY 344,406,771.86 from CNY 351,757,561.42, a reduction of approximately 2.4%[51]. - The total current liabilities stood at CNY 156,558,755.65, slightly down from CNY 156,932,954.75, showing a marginal decrease of approximately 0.2%[49]. Research and Development - The company has made significant R&D investments in response to changing customer needs, focusing on credit risk management technologies and new software product modules[19]. - Research and development expenses for Q1 2021 were CNY 29,379,963.53, compared to CNY 23,853,572.74 in the previous period, indicating a growth of approximately 23.2%[57]. - Research and development expenses increased to CNY 15.32 million from CNY 12.73 million, indicating a focus on innovation[61]. Shareholder Commitments and Governance - The company is committed to fulfilling its equity incentive commitments made in August 2020, which are set to last until November 10, 2024[28]. - The company has a share repurchase plan in place, although specific details on its implementation were not applicable in this report[28]. - The actual controllers and shareholders have made commitments regarding share transfer restrictions, ensuring stability in shareholding[30]. - The company has established a commitment to avoid conflicts of interest in its operations, particularly concerning competition with peers[31]. - The company confirmed that it has no competition with its controlling shareholder, Shanghai Anshuo Technology Development Co., Ltd., and has received a commitment to avoid any conflicts of interest[32]. Market Risks and Challenges - The company faces risks from market environment changes, intensified competition, and the need for continuous technological innovation, which may impact software service demand[22][23][24]. - The company faces risks related to core technical personnel turnover and rising personnel costs due to increased market competition for high-quality talent[26]. - The company acknowledges seasonal fluctuations in revenue, primarily realizing income in the third and fourth quarters due to the nature of its banking clients[25]. Management and Operational Efficiency - The company is committed to enhancing management efficiency to match its growing scale and project execution demands[25]. - The company aims to build a well-structured and dynamic talent team to support normal business operations and enhance competitiveness[27]. - The company has implemented capability management and assessment management to optimize job arrangements and motivate employees[27].

Financial Performance - The company's operating revenue for 2020 was RMB 660,948,843.66, representing a 2.19% increase from RMB 646,796,515.26 in 2019[20]. - The net profit attributable to shareholders in 2020 was RMB 61,223,443.51, a significant increase of 96.94% compared to RMB 31,086,582.21 in 2019[20]. - The net cash flow from operating activities reached RMB 74,615,006.63, marking a 71.88% increase from RMB 43,409,937.37 in the previous year[20]. - Basic earnings per share for 2020 were RMB 0.4455, up 96.95% from RMB 0.2262 in 2019[20]. - Total assets at the end of 2020 amounted to RMB 864,925,553.29, a 34.23% increase from RMB 644,344,893.72 at the end of 2019[20]. - The weighted average return on equity for 2020 was 13.62%, an increase of 6.54 percentage points from 7.08% in 2019[20]. - The company achieved a net profit of 61.22 million yuan, an increase of 96.94% compared to the previous year[46]. - Operating revenue reached 660.95 million yuan, reflecting a growth of 2.19% year-over-year[46]. - The company’s cash flow from operating activities was 74.62 million yuan, up 71.88% from the previous year[46]. - The company’s total equity attributable to shareholders increased by 6.75% to RMB 478,261,621.72 at the end of 2020 from RMB 448,004,941.09 at the end of 2019[20]. Dividend Distribution - The company reported a profit distribution plan, proposing a cash dividend of 2 RMB per 10 shares based on a total of 141,009,750 shares[7]. - The cash dividend for 2020 represents 46.06% of the net profit attributable to ordinary shareholders, which was RMB 61,223,443.51[111]. - The total distributable profit for the year 2020 was RMB 158,477,112.61[106]. - The cash dividend policy aligns with the company's articles of association and shareholder return plan for 2020-2022[106]. - The company approved a cash dividend of RMB 2.00 per 10 shares, totaling RMB 28,201,950.00 for the year 2020[108]. Market Position and Competition - The company has established a relatively stable market share in the banking information technology sector, but faces intensified competition from both established and new entrants[5]. - The company’s business volume faces uncertainty risks stemming from external economic factors and competitive pressures in the financial software industry[5]. - The company has a strong brand image in the banking sector, but must navigate the risks of market position decline due to increased competition[5]. - The company faces risks from market competition, with numerous players in the financial software industry potentially impacting its market position[100]. Research and Development - The company emphasizes the importance of continuous technological innovation, with substantial annual R&D investments, but acknowledges risks related to potential failures in R&D outcomes[6]. - The company has a strong focus on research and development, maintaining a professional team that provides numerous product upgrades and technical improvements each year[39]. - R&D investment totaled 110.69 million yuan, representing an 8.04% increase from 2019[48]. - The total R&D expenditure for the reporting period was approximately ¥110.69 million, accounting for 16.75% of the operating revenue, up from 15.84% in 2019[69]. Operational Challenges - The company is experiencing seasonal fluctuations in business, with revenue primarily realized in the third and fourth quarters due to the nature of banking clients' budgeting and procurement processes[6]. - The company’s operational efficiency is challenged by the growing scale of projects and personnel, necessitating improved management practices to mitigate efficiency losses[6]. - The company has seen an increase in personnel costs and faces risks related to the retention of core technical staff amid rising competition for talent in the software services industry[6]. - The company is at risk of losing core technical personnel and facing increased personnel costs due to heightened competition for talent in the industry[101]. Subsidiaries and Investments - The company has invested in multiple subsidiaries and joint ventures to expand its market presence, including partnerships in financial data services and cloud-based financial solutions[93]. - The company established three new subsidiaries during the reporting period, expanding its operational scope[64]. - The total assets of the subsidiary Suzhou Anshuo Software Co., Ltd. were CNY 32,986,363.30, with a revenue of CNY 58,293,317.00 reported[90]. - The company’s subsidiary Beijing Anshuo Information Technology Co., Ltd. reported a revenue of CNY 151,777,127.00, although it incurred a net loss of CNY 507,702.52[90]. Compliance and Governance - The company’s board and senior management have guaranteed that the financial statements contain no false records or misleading statements, ensuring the accuracy and completeness of the financial data presented[125]. - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[128]. - The company has committed to not providing financial assistance to incentive objects in the form of restricted stock[126]. - The company has established a commitment to ensure that its controlling shareholders will not engage in any business activities that could compete with the company[119]. Future Outlook - The company plans to focus on expanding its business scale and enhancing profitability in 2021, particularly in overseas markets[50]. - The company expects a revenue guidance of 1.8 billion for the next fiscal year, indicating a growth target of 20%[194]. - Market expansion plans include entering two new international markets by the end of 2021[194]. - The company is considering strategic acquisitions to bolster its market position, with a budget of 200 million allocated for potential deals[194].

Financial Performance - Operating revenue for the period reached CNY 191,132,648.00, a year-on-year increase of 31.29%[8] - Net profit attributable to shareholders was CNY 16,120,035.38, representing a significant increase of 75.20% year-on-year[8] - The net profit after deducting non-recurring gains and losses was CNY 13,991,732.34, up by 55.47% compared to the same period last year[8] - Basic earnings per share rose to CNY 0.1173, an increase of 75.34% year-on-year[8] - The weighted average return on equity was 3.80%, up from 1.66% in the previous year[8] - Net profit attributable to shareholders for the first three quarters was ¥21,598,531.64, an increase of 27.78% year-on-year, driven by business growth and improved internal management[20] - The net profit attributable to shareholders is expected to increase by 51.19%, reaching approximately 47 million yuan compared to 31.09 million yuan in the same period last year[38] - The company reported a total revenue of 1.5 billion RMB for Q3 2020, representing a year-over-year increase of 15%[25] - The net profit for Q3 2020 reached CNY 18,641,733.73, compared to CNY 8,185,826.57 in the previous year, indicating a significant increase of 127.06%[60] - The total profit for the third quarter was CNY 21,818,922.63, up from CNY 10,308,002.72 in the same period last year, representing an increase of 111.56%[60] Assets and Liabilities - Total assets increased by 17.02% to CNY 754,039,380.71 compared to the end of the previous year[8] - The company's net assets attributable to shareholders decreased by 3.48% to CNY 432,407,779.93 compared to the end of the previous year[8] - The total current assets increased to approximately 641.72 million yuan from 535.94 million yuan at the end of 2019[45] - The total current liability of approximately 294.71 million yuan, up from 149.47 million yuan at the end of 2019[47] - Total liabilities rose to ¥303,603,700.86, compared to ¥146,957,697.82 in the previous period, indicating a significant increase[51] - The company's total equity rose to ¥479,176,193.66 from ¥455,577,898.06, an increase of ¥23,598,295.60[80] Cash Flow - The net cash flow from operating activities was negative at CNY -4,248,181.70, a decline of 154.71% compared to the same period last year[8] - The cash balance at the end of the period was ¥158,423,427.24, a decrease of 45.23% compared to the beginning of the year, mainly due to seasonal collection patterns and investments in bank wealth management products that have not matured[19] - The net cash flow from operating activities was -¥106,701,105.30, an improvement from -¥135,984,187.81 in the same quarter last year[71] - The company reported cash inflow from investment activities of ¥489,290,365.94, significantly higher than ¥107,500.00 in Q3 2019[72] - The net cash flow from investment activities was -¥77,302,297.56, compared to -¥5,138,706.00 in the previous year, indicating a larger outflow[72] Shareholder Information - The company reported a total of 17,261 common shareholders at the end of the reporting period[12] - The top shareholder, Shanghai Anshuo Technology Development Co., Ltd., holds 31.41% of the shares, totaling 43,164,542 shares[12] - The company reported a commitment to avoid competition and conflicts of interest from major shareholders, ensuring no engagement in competitive activities during their tenure and for six months thereafter[31] - The company confirmed that major shareholders will take effective measures to prevent any competitive business activities in China or abroad, ensuring compliance with the commitment[33] Strategic Initiatives - The company plans to grant a total of 6.9 million shares under the 2020 Restricted Stock Incentive Plan, with the first category priced at ¥10.60 per share and the second category at ¥19.08 per share[22] - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2021[29] - A strategic acquisition of a local tech firm was announced, expected to enhance the company's product offerings and customer base[26] - The company is committed to maintaining a competitive edge by investing 15% of its revenue into R&D for innovative solutions[27] Operational Efficiency - The management indicated that operational efficiency improved, with a reduction in costs by 5% due to streamlined processes[28] - The company has experienced steady growth in contract scale and personnel, while enhancing operational efficiency management[38] - The company has resumed production and gradually accelerated project progress, mitigating the impact of the pandemic on overall operations[38] Future Outlook - The company provided a future outlook, projecting a revenue growth of 20% for the next quarter, driven by new product launches and market expansion strategies[27] - A new product line is set to launch in Q4 2020, anticipated to contribute an additional 200 million RMB in revenue[25] Compliance and Governance - The company has established a commitment to address any discrepancies in social insurance and housing fund payments, ensuring compliance with local regulations[36] - The company’s major shareholders have provided a guarantee regarding the accuracy and completeness of the financial statements, which have been reviewed but not audited[37] - The company is focused on maintaining transparency and accountability in its financial reporting to protect the interests of minority shareholders[37]

Financial Performance - The company's operating revenue for the reporting period was RMB 196,665,720.94, a decrease of 17.88% compared to RMB 239,484,759.38 in the same period last year[22]. - The net profit attributable to shareholders was RMB 5,478,496.26, down 28.87% from RMB 7,702,207.81 year-on-year[22]. - The net profit after deducting non-recurring gains and losses was RMB 466,963.44, a significant decline of 93.24% compared to RMB 6,910,964.42 in the previous year[22]. - The company's total assets increased by 20.13% to RMB 774,046,078.86 from RMB 644,344,893.72 at the end of the previous year[22]. - The net assets attributable to shareholders decreased by 7.07% to RMB 416,314,684.55 from RMB 448,004,941.09 at the end of the previous year[22]. - The basic earnings per share were RMB 0.0399, down 28.75% from RMB 0.0560 in the same period last year[22]. - The company reported a significant decrease in employee compensation costs, which accounted for 91.02% of total operating costs, down from 91.38% year-over-year[51]. - The company reported a net profit attributable to shareholders of 31.09 million yuan for the year 2019, which did not meet the profit target set for the stock option incentive plan[102]. Operational Challenges - The company reported a significant impact on its operations due to the COVID-19 pandemic, leading to delays in project implementation and delivery, which may adversely affect the 2020 annual operating performance[7]. - The company faces risks related to market competition, with numerous participants in the domestic financial software industry potentially affecting its market position[5]. - There is a risk of uncertainty in business profitability from newly acquired subsidiaries and ventures, as some are still in the investment phase and have not yet met expected revenue outcomes[6]. - The company has experienced a seasonal fluctuation in revenue, primarily realizing income in the third and fourth quarters due to the nature of its banking clients' budgeting and procurement processes[6]. - The company acknowledges the risk of losing core technical personnel and rising personnel costs due to increased competition for high-quality talent in the industry[6]. - The company is facing operational management efficiency risks as its scale expands, necessitating improved management practices to maintain competitiveness[6]. - The ongoing U.S.-China trade tensions and domestic economic pressures may further complicate the demand for software services from financial institutions[5]. - The company has identified risks related to seasonal fluctuations in revenue, particularly with banking clients, which may affect cash flow and profitability[76]. Research and Development - The company has increased its R&D investment annually, but there are risks associated with the success of these innovations and their impact on project delivery efficiency[6]. - The company continues to focus on providing credit risk management consulting and software development services primarily to banks, with a product line that includes banking credit management systems and risk management systems[29]. - The company is exploring solutions in regulatory reporting, financing leasing, and asset management, although these areas currently contribute a low percentage of total revenue[29]. - The company has seen growth in its enterprise credit and data services, although these services have not yet achieved profitability[29]. - The company has a strong focus on research and development, with a dedicated team that continuously improves product offerings[35]. - The company is committed to continuous technological innovation to meet the evolving demands of the banking sector and non-bank financial institutions[76]. Subsidiaries and Investments - The company has several wholly-owned subsidiaries, including Suzhou Anshuo Software Co., Ltd., which generated a net profit of 6,341,954.50 CNY[70]. - Beijing Anshuo Technology Co., Ltd. reported a net profit of 1,122,673.63 CNY during the reporting period[70]. - The company’s subsidiary, Shanghai Anshuo Financial Information Service Co., Ltd., is exploring new financial service models and has begun generating revenue, although it has not yet achieved profitability[72]. - The company has invested in several joint ventures, all of which are currently operating at a loss, but these have not significantly impacted the company's financial statements[72]. - The company has a 10% stake in Anhui Credit Co., Ltd., which focuses on credit services and has invested a total of 50 million RMB, with the company’s investment purpose adjusted due to the establishment of a wholly-owned investment management company[75]. Cash Flow and Financing - The net cash flow from operating activities was RMB -102.45 million, an increase of 28.73% compared to the same period last year, attributed to improved cash flow management[46]. - The company reported a significant increase in financing cash flow, amounting to RMB 69.24 million, a 384.14% increase compared to the previous year[46]. - The company raised 85,000,000.00 CNY through borrowings in the first half of 2020, up from 20,000,000.00 CNY in the same period of 2019, marking a 325% increase in financing activities[163]. - The net cash flow from financing activities was 69,240,333.33 CNY in the first half of 2020, a turnaround from -24,368,073.17 CNY in the same period of 2019[163]. Shareholder Commitments and Governance - The company plans not to distribute cash dividends, issue bonus shares, or increase capital from reserves for the current period[8]. - The actual controller and shareholders have fulfilled their commitments during the reporting period, with no overdue commitments as of the end of the reporting period[83]. - The company has established a commitment to avoid conflicts of interest and competition with its subsidiaries[88]. - Major shareholders, including Zhang Jianghan Century Investment Co., Ltd., confirmed no competition with the company and committed to avoiding conflicts of interest[91]. - The company held two shareholder meetings during the reporting period, with investor participation rates of 53.25% and 51.27% respectively[81][82]. Market Environment - The financial technology sector in China is experiencing accelerated digital transformation, with banks increasing their investment in fintech solutions[31]. - The company is actively seeking opportunities to expand into overseas markets through its wholly-owned subsidiary established in Hong Kong[42]. - The company is addressing market competition risks by increasing R&D investment and enhancing product competitiveness to maintain its market position[76]. Financial Reporting and Compliance - The financial report for the first half of 2020 was not audited[143]. - The financial statements are prepared based on the going concern principle, indicating no significant issues affecting the company's ability to continue operations for at least 12 months from the reporting date[182]. - The company adheres to the accounting policies and estimates that may impact the reported amounts of revenue, expenses, assets, and liabilities, including provisions for bad debts and inventory write-downs[184].

Financial Performance - The company's operating revenue for 2019 was RMB 646,796,515.26, an increase of 18.21% compared to RMB 547,136,456.74 in 2018[21]. - The net profit attributable to shareholders for 2019 was RMB 31,086,582.21, reflecting a growth of 6.40% from RMB 29,216,884.58 in the previous year[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses reached RMB 48,360,388.59, marking an 82.26% increase from RMB 26,533,329.58 in 2018[21]. - The net cash flow from operating activities was RMB 43,409,937.37, up 14.44% from RMB 37,932,503.54 in 2018[21]. - The total assets at the end of 2019 amounted to RMB 644,344,893.72, a decrease of 2.48% from RMB 660,750,396.17 at the end of 2018[21]. - The net assets attributable to shareholders increased by 4.09% to RMB 448,004,941.09 from RMB 430,407,627.47 in 2018[21]. - The basic earnings per share for 2019 was RMB 0.2262, a rise of 6.40% compared to RMB 0.2126 in 2018[21]. - The diluted earnings per share also stood at RMB 0.2262, consistent with the basic earnings per share[21]. - The weighted average return on equity for 2019 was 7.08%, slightly up from 7.00% in 2018[21]. - The company reported a significant increase in quarterly revenue, with Q4 2019 revenue reaching RMB 261,734,750.91, contributing to a total annual growth[23]. Research and Development - The company plans to increase R&D investment to enhance product competitiveness and improve user experience[6]. - The company invested 102.45 million yuan in R&D in 2019, which is an 18.17% increase from 86.70 million yuan in 2018[40]. - The number of R&D personnel rose to 507, representing 18.61% of the total workforce, indicating a focus on strengthening the R&D team[63]. - The company reported a total R&D investment of ¥102,449,018.25, which accounted for 15.84% of its operating revenue[63]. - The company is actively exploring new solutions in regulatory reporting, financing leasing, and asset management, although these areas currently contribute a small portion of revenue[31]. Market Position and Competition - The company has established a solid market share in the banking information technology sector, but faces intensified competition from both established and new entrants[5]. - The company is actively monitoring market dynamics and adjusting its product structure and marketing strategies in response to economic changes[5]. - The company emphasizes the importance of continuous technological innovation to meet the evolving demands of the banking sector[6]. - The domestic banking information technology market is evolving towards a service-oriented delivery model, with increasing competition based on professional service capabilities[89]. Operational Efficiency - The company is committed to improving operational management efficiency to match its expanding scale and project execution[6]. - The company plans to continue enhancing marketing management and project management to improve operational efficiency in 2020[44]. - The company aims to enhance operational efficiency and market competitiveness for clients, focusing on deepening relationships with existing customers while acquiring new clients[91]. - The company will continue to assess market risks and implement strategies to enhance human resources, quality, and operational efficiency in 2020[92]. Shareholder Returns - The company reported a cash dividend of 1 RMB per 10 shares (including tax) based on a total of 137,440,000 shares, with no bonus shares issued[8]. - The company plans to distribute a cash dividend of RMB 1.00 per 10 shares, totaling RMB 13,744,000.00 for the year 2019[96]. - The cash dividend distribution for 2018 was also RMB 1.00 per 10 shares, amounting to RMB 13,744,000.00, maintaining consistency in shareholder returns[100]. - The total distributable profit for the year was RMB 163,859,553.64, with the cash dividend amounting to 100% of the profit distribution[97]. - In 2019, the cash dividend amount was 13,744,000, representing 44.21% of the net profit attributable to ordinary shareholders[102]. Human Resources and Talent Management - The company is addressing risks related to talent retention and rising personnel costs by strengthening human resource management strategies[7]. - The company emphasizes the importance of talent management, aiming to attract and retain skilled personnel to improve overall market competitiveness[91]. - The number of employees increased by 13.54% to 2,725 by the end of 2019, up from 2,400 in 2018[39]. Legal and Compliance Issues - The company faced litigation from 229 investors claiming damages due to misleading disclosures, with a total claim amount of approximately 54.39 million yuan[133]. - The company has been subject to administrative penalties by the China Securities Regulatory Commission, with total compensation claims amounting to 662.00 million yuan[133]. - The company has not faced any penalties from securities regulatory authorities for its directors and supervisors in the past three years[196]. Corporate Governance - The company’s board of directors and management confirmed the accuracy and completeness of the financial statements reviewed by the auditors[117]. - The company has a remuneration and assessment committee that reviews and submits remuneration proposals to the board[197]. - The total remuneration for directors, supervisors, and senior management in 2019 amounted to RMB 4.9589 million[197]. Strategic Initiatives - The company is considering strategic acquisitions to enhance its technology capabilities, with a budget of 300 million RMB allocated for potential deals[190]. - Market expansion plans include entering two new provinces, which are projected to increase market share by 5%[190]. - A new marketing strategy is being implemented, focusing on digital channels, expected to increase customer engagement by 30%[190].

Financial Performance - Total revenue for Q1 2020 was ¥77,317,370.48, a decrease of 18.95% compared to ¥95,390,031.69 in the same period last year[8]. - Net profit attributable to shareholders was ¥909,114.90, down 69.36% from ¥2,967,102.30 year-on-year[8]. - The net profit attributable to shareholders decreased by 69.36% to 909,100 CNY due to delays in resuming operations caused by the COVID-19 pandemic[19]. - Operating profit for Q1 2020 was CNY -2,163,956.81, compared to CNY -726,106.44 in the same period last year[56]. - Net profit for Q1 2020 was CNY -1,981,624.68, a decline from CNY -511,177.36 in Q1 2019[56]. - The total comprehensive income for Q1 2020 was CNY -1,981,624.68, compared to CNY -511,177.36 in Q1 2019[57]. Cash Flow and Liquidity - Net cash flow from operating activities was -¥49,452,911.78, an improvement of 5.43% compared to -¥68,723,758.03 in the previous year[8]. - The net cash flow from operating activities was -49,452,911.78 yuan, compared to -68,723,758.03 yuan in the previous period, indicating an improvement of approximately 28%[64]. - The total cash inflow from financing activities was 85,000,000.00 yuan, while the cash outflow was 79,875.00 yuan, resulting in a net cash flow of 84,920,125.00 yuan[65]. - The cash and cash equivalents at the end of the period amounted to 228,634,324.67 yuan, down from 266,230,290.09 yuan at the beginning of the period, reflecting a decrease of approximately 14%[65]. - The company reported a net cash outflow from investing activities of -73,063,178.64 yuan, compared to -530,938.00 yuan in the previous period, indicating a significant increase in investment expenditures[64]. Assets and Liabilities - Total assets increased by 22.22% to ¥787,533,094.26 from ¥644,344,893.72 at the end of the previous year[8]. - Total current assets reached ¥679,770,451.55, up from ¥535,935,777.02, marking an increase of around 26.8%[46]. - Total liabilities increased to CNY 355,944,157.18 from CNY 146,957,697.82, representing a rise of approximately 142.5%[52]. - The company’s total assets increased from 644,344,893.72 yuan to 690,216,812.76 yuan, reflecting a growth of approximately 7%[70]. - The total liabilities rose from 165,168,700.06 yuan to 234,638,914.70 yuan, indicating an increase of about 42%[71]. Shareholder Information - The number of ordinary shareholders at the end of the period was 18,220[10]. - The largest shareholder, Shanghai Anshuo Technology Development Co., Ltd., held 31.41% of the shares[11]. - Shareholders holding more than 5% of the company's shares, including Zhangjiang Han Century and Beijing Junlian, have also committed to avoiding competition for six months after they cease to be major shareholders[34]. - The company is currently in compliance with the commitments made by its shareholders regarding competition avoidance[33]. Operational Challenges - The company faces risks from market competition and economic downturns, prompting strategies to adjust product structures and enhance core competitiveness[23]. - The company faces risks related to management inefficiencies due to scale expansion, which could weaken overall competitiveness. Measures are being taken to enhance management systems and human resources[24]. - The COVID-19 pandemic has delayed project implementations and client operations, potentially impacting the company's financial performance for 2020[24]. - The company is experiencing pressure from high employee turnover and rising personnel costs, necessitating a focus on effective human resource management to retain talent[24]. Legal and Compliance Issues - The company has received 87 civil lawsuits related to past information disclosure violations, with ongoing legal proceedings expected to affect future operations[25]. - The company confirmed that the financial statements contain no false records or misleading statements, ensuring their authenticity and completeness[40]. - There were no violations regarding external guarantees during the reporting period[41]. Research and Development - The company continues to invest in R&D for core products and new software modules to meet changing customer demands[21]. - Research and development expenses increased to CNY 23,853,572.74, up from CNY 22,744,820.28 year-over-year[56].