2、公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息 的真实、准确、完整。 3、第一季度报告是否经过审计 江西天利科技股份有限公司 2022 年第一季度报告全文 证券代码：300399 证券简称：天利科技 公告编码：2022-046号 江西天利科技股份有限公司 2022 年第一季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 重要内容提示: 1、董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、 误导性陈述或重大遗漏，并承担个别和连带的法律责任。 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 140,571,979.43 | 94,583,409.77 | 48.62% | | 归属于上市公司股东的净利润（元） | 1,066,088.40 | -3,448,3 ...

Financial Performance - The company's operating revenue for 2021 was ¥508,397,434.40, representing a 4.48% increase compared to ¥486,604,253.54 in 2020[17] - The net profit attributable to shareholders decreased significantly by 74.89% to ¥6,761,183.24 from ¥26,931,604.31 in the previous year[17] - The net cash flow from operating activities was negative at -¥64,260,193.10, a decline of 1,453.65% compared to ¥4,747,196.66 in 2020[17] - Basic earnings per share dropped by 78.57% to ¥0.03 from ¥0.14 in 2020[17] - Total assets increased by 9.03% to ¥564,054,349.27 at the end of 2021, up from ¥517,316,009.53 at the end of 2020[17] - The company's net assets attributable to shareholders slightly increased by 0.39% to ¥472,615,087.73 from ¥470,793,904.49 in the previous year[17] - The company reported a significant increase in the net profit after deducting non-recurring gains and losses, which improved by 70.75% to -¥5,699,850.01 from -¥19,483,438.75 in 2020[17] - The weighted average return on net assets decreased to 1.43% from 5.87% in the previous year[17] Revenue Breakdown - Revenue from mobile information services reached CNY 257,548,154.77, accounting for 50.66% of total revenue, with a significant year-on-year growth of 30.98%[58] - Revenue from insurance product services was CNY 250,849,279.63, which decreased by 13.49% from CNY 289,968,181.89 in the previous year[58] - The ICT comprehensive service platform business generated revenue of 218.61 million yuan, a year-on-year increase of 44.07%[54] - The software customization business generated revenue of 31.61 million yuan, a year-on-year decrease of 22.02% due to a reduction in personnel[54] Market and Industry Trends - The mobile information service industry experienced a 1% decrease in message volume in 2021, while revenue from mobile messaging services grew by 6.6%[28] - The company anticipates that the domestic insurance service market will grow rapidly due to rising disposable incomes and increased insurance awareness among consumers[33] - The insurance product service industry is facing increased compliance costs and intensified competition, with a growing number of insurance intermediaries in the market[32] Strategic Initiatives - The company is actively seeking external market opportunities and enhancing internal management to improve profitability[5] - The company plans to enhance its traditional SMS business by strengthening channel partnerships and providing customized solutions to meet enterprise user needs[30] - The company is committed to maintaining its industry-leading position by investing in technology and research to align with the trends of 5G messaging development[31] - The company plans to enhance compliance management through self-built or collaborative methods to meet information compliance requirements and strengthen risk control management[34] Research and Development - The total R&D investment in 2021 was approximately 12.49 million yuan, accounting for 2.46% of operating revenue, down from 3.05% in 2020[77] - The number of R&D personnel decreased by 14.89% to 80, with their proportion in the workforce increasing to 42.55%[76] - The company is developing a car insurance cloud sales platform aimed at enhancing sales efficiency and customer management[73] - The ongoing development of mobile insurance industry software indicates the company's commitment to innovation in the insurance sector[49] Governance and Compliance - The company has established a governance structure that complies with legal requirements and promotes transparency and accountability[108] - The company ensures timely and accurate information disclosure in compliance with relevant laws and regulations[116] - The company maintains independence from its controlling shareholders in terms of assets, personnel, finance, and operations[118] - The company has established a robust internal control management system in compliance with regulations, enhancing decision-making efficiency and asset security[150] Shareholder Information - The total number of shares outstanding is 197,600,000, with 2,944,832 shares subject to restrictions, representing 1.49% of total shares[193] - The largest shareholder, Shangrao Digital and Financial Industry Investment Group, holds 30.00% of shares, totaling 59,280,000 shares[198] - The company has a total of 14,542 shareholders as of the end of the reporting period[196] - The total cash dividend proposed is CNY 1,976,000, which corresponds to CNY 0.1 per 10 shares[147] Operational Challenges - The company faces risks from regulatory changes in the mobile information technology and insurance sectors, which could negatively impact revenue and profit margins[100] - To mitigate risks, the company plans to enrich its mobile information service product offerings and explore demand scenarios for 5G messaging[101] - The company is also addressing intensified competition in both mobile information technology services and internet insurance by enhancing platform functionalities and integrating industry resources[102] Employee and Compensation - Employee compensation accounted for 7.66% of the company's operating costs[145] - The total number of employees at the end of the reporting period was 188, with 80 in technical roles[141] - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 3.2414 million[132] - The remuneration for the general manager was CNY 431,500, while the total remuneration for the chairman was CNY 0[132]

江西天利科技股份有限公司 2021 年第三季度报告 证券代码：300399 证券简称：天利科技 公告编码：2021-073号 江西天利科技股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 重要内容提示: 1、董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在 虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2、公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告 中财务信息的真实、准确、完整。 3、第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 本报告期比上年同期增 | 年初至报告期末 | 年初至报告期末比上年 | | --- | --- | --- | --- | --- | | | | 减 | | 同期增减 | | 营业收入（元） | 130,743,250.99 | 6.53% | 343,419,255.02 | -10.12 ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥212,676,004.03, a decrease of 18.00% compared to the same period last year[21]. - The net profit attributable to shareholders was -¥23,165.23, representing a decline of 100.12% year-on-year[21]. - The net cash flow from operating activities was -¥55,346,805.16, a significant decrease of 830.93% compared to the previous year[21]. - The company reported a basic earnings per share of ¥0.00, down from ¥0.10 in the same period last year, indicating a 100.00% decline[21]. - The company achieved operating revenue of 212.68 million yuan, a year-on-year decrease of 18%[28]. - The net profit attributable to shareholders was -2.32 thousand yuan, a year-on-year decrease of 100.12%[28]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -7.26 million yuan, a year-on-year decrease of 262.17%[28]. - The total comprehensive income for the first half of 2021 was CNY 4,210,161.56, compared to CNY 21,132,982.77 in the same period of 2020, indicating a significant decline[149]. - The company reported a net loss of CNY 3,359,200 for the first half of 2021, indicating a significant decline in profitability[169]. Assets and Liabilities - Total assets at the end of the reporting period were ¥559,144,551.56, an increase of 8.09% from the end of the previous year[21]. - The net assets attributable to shareholders decreased by 1.05% to ¥465,830,739.26 compared to the end of the previous year[21]. - Cash and cash equivalents decreased by 14.90% to CNY 220,823,935.59, constituting 39.49% of total assets[52]. - Accounts receivable increased by 3.30% to CNY 45,738,301.01, representing 8.18% of total assets[52]. - Total liabilities increased to CNY 85,389,263.59 from CNY 38,325,848.60, marking a substantial rise of approximately 123.5%[136]. - The company's equity attributable to shareholders decreased to CNY 465,830,739.26 from CNY 470,793,904.49, a decline of about 1.3%[137]. Revenue Breakdown - Revenue from mobile information services was 110.43 million yuan, an increase of 13.54% year-on-year[30]. - Revenue from insurance products and operational support services was 102.25 million yuan, a year-on-year decrease of 36.93%[28]. - The internet insurance business generated revenue of 102.25 million yuan, significantly impacted by the car insurance reform[33]. - The mobile information service segment generated revenue of ¥110,430,633.28, an increase of 13.54% year-on-year, while the insurance product service segment saw a revenue decline of 36.93% to ¥102,245,370.75[46]. Costs and Expenses - The operating cost decreased by 14.75% to ¥199,438,810.20, resulting in a gross margin of 6.22%[46]. - Research and development expenses amounted to ¥6,328,566.61, down 13.36% from the previous year[43]. - The gross margin for mobile information services was 7.70%, a decrease of 9.33% year-on-year due to a 26.30% increase in operating costs[30]. - The gross margin for the internet insurance business was 4.63%, a decrease of 0.84% year-on-year[33]. Strategic Initiatives - The company is actively exploring new business models and strategies in response to market changes, including the integration of car and non-car insurance services[32]. - The company plans to support core employees' entrepreneurship through equity participation in subsidiaries to enhance business development and investment returns[33]. - The company aims to expand its market share through direct customer engagement and channel partnerships to improve bargaining power and reduce costs[73]. Shareholder Information - The total number of shares remains at 197,600,000, with a slight increase in limited shares to 2,944,832[115]. - The largest shareholder, Shangrao Digital and Financial Industry Investment Group Co., Ltd., holds 30.00% of shares, totaling 59,280,000 shares[118]. - Shareholder Qian Yongyao holds 17.64% of shares, totaling 34,847,521 shares, with a decrease of 9,880,000 shares during the reporting period[118]. - The total number of ordinary shareholders at the end of the reporting period is 15,247[118]. Compliance and Governance - The company has established a robust internal management system to protect the rights of shareholders and creditors, ensuring transparency and compliance with regulations[85]. - There were no significant asset or equity sales during the reporting period, reflecting stability in the company's asset management[67][68]. - The company has not reported any new product launches or technological advancements in this earnings call[158]. - The financial report for the first half of 2021 was not audited[132]. Market Conditions and Risks - Market competition is intensifying, particularly in mobile information technology services, leading to pressure on profit margins and revenue growth[73]. - The company faces risks of declining gross margins due to changes in operator policies, which may lead to increased channel fees and resource limitations[72]. - Rising costs of technological innovation and human resource management pose risks, with a focus on attracting talent and enhancing R&D capabilities[74]. Cash Flow and Investments - Cash inflow from operating activities totaled CNY 243,646,438.53, a decrease from CNY 312,244,736.24 in the previous year, reflecting a decline of approximately 22%[152]. - The net cash flow from investing activities was negative CNY 29,052,566.62, compared to positive CNY 17,037,271.90 in the first half of 2020[152]. - The company received CNY 29,000,000.00 from investment recoveries, a significant drop from CNY 514,890,000.00 in the first half of 2020[152]. Accounting Policies - The company follows the accounting policies and estimates in accordance with the relevant Chinese accounting standards[179]. - The company will consolidate financial statements based on control, including all subsidiaries under its control[185]. - The company classifies financial assets into three categories: amortized cost, fair value through other comprehensive income, and fair value through profit or loss[196].

Financial Performance - The company's operating revenue for 2020 was ¥486,604,253.54, a decrease of 13.92% compared to ¥565,299,336.97 in 2019[18]. - The net profit attributable to shareholders increased by 43.33% to ¥26,931,604.31 from ¥18,790,370.30 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was -¥19,483,438.75, a decline of 225.35% compared to ¥15,543,037.27 in 2019[18]. - The net cash flow from operating activities improved significantly to ¥4,747,196.66, up 121.69% from -¥21,882,723.16 in 2019[18]. - Basic earnings per share rose by 40.00% to ¥0.14 from ¥0.10 in the previous year[18]. - Total assets at the end of 2020 were ¥517,316,009.53, an increase of 1.42% from ¥510,069,014.58 at the end of 2019[18]. - The net assets attributable to shareholders increased by 5.27% to ¥470,793,904.49 from ¥447,221,500.18 in 2019[18]. - Total revenue for the year was approximately CNY 486 million, with a quarterly breakdown showing Q1 at CNY 119.36 million, Q2 at CNY 140.01 million, Q3 at CNY 122.73 million, and Q4 at CNY 104.50 million[21]. - Net profit attributable to shareholders for the year was CNY 27.93 million, with quarterly figures of CNY 1.60 million in Q1, CNY 18.36 million in Q2, CNY 2.04 million in Q3, and CNY 4.93 million in Q4[21]. - The company reported a net cash flow from operating activities of CNY 4.75 million for the year, with significant fluctuations across quarters, including a negative cash flow of CNY 12.11 million in Q3[21]. Revenue Breakdown - The mobile information service revenue was CNY 196.64 million, down 5.37% compared to the previous year[51]. - The insurance products and operational support services revenue was CNY 289.97 million, a decline of 18.89% year-on-year[50]. - Revenue from mobile information services was 196,636,071.65 yuan, accounting for 40.41% of total revenue, with a year-on-year decrease of 5.37%[56]. - Revenue from insurance product services was 289,968,181.89 yuan, representing 59.59% of total revenue, with a year-on-year decrease of 18.89%[56]. - The MAS business revenue fell to CNY 5.42 million, a significant decrease of 73.89% year-on-year[51]. - The ICT comprehensive service platform revenue was CNY 151.74 million, showing a slight increase of 1.30%[51]. - The company invested steadily in customized software services, achieving revenue of CNY 40.54 million, up 14.51% year-on-year[51]. Cash Flow and Investments - The net cash flow from investment activities was 221,396,971.15 yuan, a significant increase of 6,302.14% year-on-year, mainly due to proceeds from the disposal of equity in a subsidiary and increased returns from financial investments[78]. - The net increase in cash and cash equivalents was 221,787,004.87 yuan, representing a remarkable increase of 797.45% compared to the previous year[77]. - The company reported a net profit of 2,502.70 million yuan, with a significant difference of 2,027.98 million yuan from the cash flow generated from operating activities, mainly due to receiving litigation compensation from shareholders[78]. - Investment income accounted for 36.47% of total profit, primarily from bank financial products and equity disposals, indicating a sustainable income source[81]. - The company's cash and cash equivalents at the end of 2020 amounted to 281,354,307.37 yuan, which constituted 54.39% of total assets, reflecting a significant increase from 11.68% at the beginning of the year[83]. Research and Development - Research and development expenses for 2020 were ¥14,849,974.29, constituting 3.05% of the operating revenue[71]. - The company invested in various R&D projects, including a unified communication platform and a cloud sales platform for auto insurance, with respective investments of ¥1,782,981.57 and ¥1,984,160.96[71][72]. - The company reported a total R&D investment of ¥14,849,974.29 in 2020, which represents 3.05% of its operating revenue[75]. - The number of R&D personnel decreased to 94 in 2020, accounting for 28.14% of the total workforce, down from 41.57% in 2019[75]. - The company completed several key R&D projects in 2020, including the integrated customer service platform for health insurance and the claims management system, all of which were fully expensed in the current period[76]. Market Position and Strategy - The company emphasizes the importance of R&D investment to maintain its core competitiveness in a knowledge-intensive industry[5]. - The company is positioned to capitalize on the digital transformation trends in various industries, particularly with the rollout of 5G technology[32]. - The company plans to enhance its mobile information service capabilities, focusing on 5G technology and expanding into logistics, e-commerce, and entertainment sectors[109]. - The internet insurance business aims to improve profit levels while expanding revenue, with a focus on innovative business models and comprehensive insurance solutions[110]. - The company is actively pursuing market expansion through strategic acquisitions and new technology developments[103]. Shareholder and Corporate Governance - The company completed a change in ownership structure, transitioning to a state-owned enterprise, which broadens its business development opportunities[112]. - The company has committed to maintaining its independence and avoiding competition with its controlling shareholder, which has been fulfilled as of the report date[125]. - The company has established a governance structure comprising the shareholders' meeting, board of directors, supervisory board, and management team[200]. - The company has a structured approach to determining the remuneration of its directors and senior management, ensuring transparency[191]. - The company has a diverse board with members holding various positions in other companies, indicating strong industry connections[190]. Risks and Challenges - The company faces risks from the competitive OTT industry and potential declines in revenue due to operator policy changes[5]. - Increased market competition in mobile information services and internet insurance may pressure profit margins, requiring innovation and resource integration[114]. - The company faces risks from telecom operator policies that could impact revenue margins, necessitating a focus on expanding industry client bases[113]. Employee and Social Responsibility - The company complies with labor laws and provides comprehensive benefits to employees, including social insurance[155]. - The company emphasizes integrity in operations and actively participates in social responsibility initiatives, including employing disabled individuals[156]. - The company conducts regular training and team-building activities to enhance employee skills and promote a positive corporate culture[197].

Financial Performance - The company's revenue for Q1 2021 was ¥94,583,409.77, a decrease of 20.76% compared to ¥119,364,838.20 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥3,448,374.15, representing a decline of 315.57% from a profit of ¥1,599,685.52 in the previous year[8] - The company's operating revenue for the reporting period was 94.58 million yuan, a decrease of 20.76% compared to the previous year, primarily due to a decline in internet insurance business revenue caused by increased regulatory scrutiny[18] - The net profit attributable to shareholders was a loss of 3.44 million yuan, a decrease of 315.57% year-on-year, reflecting significant financial challenges[18] - The investment income dropped by 97.81%, from 1.98 million yuan to 0.43 million yuan, primarily due to losses from affiliated companies during the reporting period[16] - The financial expenses increased significantly by 1016.35%, from -138,472.50 yuan to -1.55 million yuan, attributed to increased interest income[16] - The net profit for the first quarter was a loss of CNY 3,431,869.31, compared to a profit of CNY 1,561,623.43 in the same period last year, reflecting a significant decline[42] - The total comprehensive income for the period was a loss of CNY 3,431,869.31, compared to a profit of CNY 1,561,623.43 in the previous year[43] Cash Flow - The net cash flow from operating activities improved to ¥5,655,913.97, a significant increase of 179.52% compared to a negative cash flow of ¥7,112,203.75 in the same period last year[8] - The net cash flow from operating activities was 5,655,913.97 CNY, compared to a negative cash flow of 7,112,203.75 CNY in the previous period, indicating a significant improvement[50] - Cash flow from operating activities was CNY 108,415,831.27, down from CNY 129,001,299.73 in the previous period, representing a decrease of approximately 15.9%[49] - Total cash outflow from operating activities amounted to 102,759,917.30 CNY, down from 136,113,503.48 CNY in the previous period, reflecting a reduction of approximately 24.4%[50] - The net cash flow from investment activities was -29,762,285.56 CNY, a decline from a positive cash flow of 23,829,439.01 CNY in the previous period[50] - Cash inflow from operating activities totaled 60,811,457.70 CNY, an increase from 37,207,407.81 CNY in the previous period, marking a growth of about 63.5%[53] Assets and Liabilities - The total assets at the end of the reporting period were ¥518,658,107.98, showing a slight increase of 0.26% from ¥517,316,009.53 at the end of the previous year[8] - Total liabilities increased to CNY 43,099,816.36 from CNY 38,325,848.60, marking a rise of 12.5%[34] - Current liabilities totaled CNY 42,993,121.36, up from CNY 38,299,198.12, indicating an increase of 12.5%[34] - Non-current liabilities rose to CNY 106,695.00 from CNY 26,650.48, a significant increase of 300%[34] - The total equity attributable to shareholders was CNY 467,345,530.34, down from CNY 470,793,904.49[35] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 15,737[11] - The largest shareholder, Shangrao Digital and Financial Industry Investment Group, holds 30.00% of the shares, totaling 59,280,000 shares[11] Operational Developments - The company is developing a fusion communication platform that integrates 5G messaging and enterprise WeChat, aiming to enhance communication services[18] - The intelligent interaction platform has been enhanced with AI capabilities, including emotion recognition and voiceprint verification, to improve business operations[19] - The health insurance claims system v1.0 aims to improve claim efficiency and reduce personnel requirements through automation and digital operations[21] Procurement and Customer Information - The proportion of the top five suppliers in total procurement decreased to 33.36%, indicating stable business development without significant changes in future operations[23] - The top five customers accounted for 37.76% of total procurement, with a decrease in their proportion compared to previous periods, suggesting stable business performance[24]

Financial Performance - Operating revenue for the reporting period was CNY 122,730,287.53, down 17.78% year-on-year [7]. - Net profit attributable to shareholders was CNY 2,035,279.78, a decrease of 77.19% compared to the same period last year [7]. - Basic earnings per share were CNY 0.01, down 80.00% year-on-year [7]. - The net cash flow from operating activities was CNY -12,106,922.89, a decline of 235.58% compared to the previous year [7]. - The weighted average return on net assets was 0.44%, a decrease of 1.68% year-on-year [7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -516,770.83, a decrease of 106.13% year-on-year [7]. - Total operating revenue for Q3 2020 was CNY 122,730,287.53, a decrease from CNY 149,275,761.56 in the previous period [34]. - Net profit for Q3 2020 was CNY 2,352,633.88, down from CNY 9,841,047.17 in the same period last year [36]. - The company's total operating revenue for the current period is CNY 44,282,835.91, a decrease from CNY 60,232,239.22 in the previous period [38]. - Operating profit for the current period is CNY 5,303,806.66, down from CNY 9,336,470.00 in the previous period [39]. - Net profit for the current period is CNY 5,496,880.74, slightly down from CNY 5,562,050.65 in the previous period [39]. - Total comprehensive income for the current period is CNY 5,496,880.74, compared to CNY 5,562,050.65 in the previous period [40]. - The company recorded a net profit attributable to shareholders of CNY 21,998,862.08 for the year-to-date, compared to a loss of CNY 2,667,890.69 in the previous year [44]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 494,070,397.05, a decrease of 3.14% compared to the end of the previous year [7]. - Total assets as of September 30, 2020, were CNY 485,990,661.45, a slight decrease from CNY 493,464,593.13 at the end of 2019 [32]. - Total liabilities decreased significantly to CNY 12,848,006.75 from CNY 43,592,601.94 [32]. - The total liabilities of the company stood at 51,746,613.37 CNY, with total equity amounting to 458,322,401.21 CNY [59]. - Total assets amounted to CNY 493,464,593.13, with current assets at CNY 366,095,719.44 and non-current assets at CNY 127,368,873.69 [61]. - Total liabilities reached CNY 43,592,601.94, with current liabilities at CNY 17,623,919.50 and non-current liabilities at CNY 25,968,682.44 [62]. - Owner's equity totaled CNY 449,871,991.19, including CNY 201,050,923.80 in undistributed profits [63]. Cash Flow - Cash and cash equivalents increased by 84.45% compared to the beginning of the year, mainly due to the redemption of bank wealth management products and conversion of part of the funds into time deposits [15]. - The company reported a net cash flow from operating activities of -¥18,052,274.38, an improvement from -¥25,369,226.84 in the previous period [50]. - Cash and cash equivalents at the end of the period totaled ¥103,873,674.25, up from ¥58,223,771.65 at the end of the previous period [51]. - The company generated ¥760,149,295.84 in cash inflow from investment activities, compared to ¥447,733,735.28 in the previous period [51]. - The cash outflow for investment activities was ¥687,431,449.71, resulting in a net cash flow from investment activities of ¥72,717,846.13 [51]. - The net cash flow from operating activities for the current period was -6,767,993.90 CNY, an improvement from -23,454,779.14 CNY in the previous period [52]. - Total cash inflow from investment activities was 668,439,450.86 CNY, compared to 392,629,823.94 CNY in the previous period, resulting in a net cash flow of 73,522,350.15 CNY [52]. - The company reported a decrease in cash flow from operating activities, with cash inflow totaling 162,342,001.30 CNY, down from 170,909,925.38 CNY [52]. Shareholder Information - The company reported a total of 18,611 common shareholders at the end of the reporting period [11]. - The largest shareholder, Shangrao Digital and Financial Industry Investment Group, held 25.00% of the shares [11]. - The company did not engage in any repurchase transactions during the reporting period [12]. Investments and Expenses - Long-term equity investments increased by 369.73% compared to the beginning of the year, attributed to investments in establishing affiliated subsidiaries [15]. - Other income increased by 127.99% year-on-year, mainly due to an increase in VAT deductions [17]. - Investment income increased by 172.55% year-on-year, driven by gains from equity disposals and increased returns from matured financial products [17]. - Net cash flow from investing activities increased by 1,490.06% year-on-year, primarily due to proceeds from the disposal of an affiliated company and increased recoveries from matured financial products [17]. - Research and development expenses increased to CNY 3,786,487.95 from CNY 1,792,826.70, indicating a focus on innovation [35]. - Research and development expenses for the current period are CNY 2,902,185.59, an increase from CNY 2,149,741.35 in the previous period [38]. - The company incurred research and development expenses of ¥8,446,544.35, slightly higher than ¥8,196,225.07 in the previous period [45]. - The company reported a significant increase in investment income of ¥13,439,278.89, compared to ¥10,943,119.32 in the previous year [45]. Other Financial Metrics - Deferred tax assets decreased by 82.86% compared to the beginning of the year, mainly due to a reduction in estimated liabilities [15]. - Tax expenses increased by 346.22% year-on-year, primarily due to an increase in deferred tax expenses [17]. - The company has a financial asset reclassification amounting to CNY 76,232.88 for the current period [39]. - The company has a total of CNY 29,463,467.75 in surplus reserves [63]. - The company has a total of CNY 9,635,201.21 in payable employee compensation [62].

Financial Performance - The company's operating revenue for the first half of 2020 was approximately ¥259.37 million, a decrease of 6.17% compared to the same period last year[18]. - The net profit attributable to shareholders increased significantly to approximately ¥19.96 million, a 272.26% improvement from a loss of ¥11.59 million in the previous year[18]. - Basic and diluted earnings per share were both ¥0.10, compared to a loss of ¥0.06 per share in the previous year, marking a 266.67% increase[18]. - The weighted average return on equity was 4.37%, an increase of 7.08 percentage points from -2.71% in the previous year[18]. - The net profit attributable to shareholders was 19.96 million yuan, an increase of 272.26% year-on-year, while the net profit after deducting non-recurring gains and losses was -2.00 million yuan, a decrease of 112.38%[36]. - The company reported a significant revenue from its subsidiaries, with one subsidiary generating 133,297,418 yuan in operating income[83]. - The company reported a decrease in profit distribution to shareholders amounting to CNY -3.359 million for the first half of 2020, compared to CNY 200.00 million in the previous period, reflecting a significant decline[170]. Cash Flow and Investments - The net cash flow from operating activities improved by 82.67%, reaching approximately -¥5.95 million, compared to -¥34.30 million in the same period last year[18]. - The company's investment activities generated a net cash inflow of ¥17,037,271.90, an increase of 158.97% from the previous year[42]. - The total cash inflow from investment activities was 520,449,161.61 CNY, compared to 314,050,258.58 CNY in the previous year, marking a 65.7% increase[162]. - The total cash outflow from investment activities was 503,411,889.71 CNY, compared to 307,471,304.19 CNY in the previous year, indicating a significant increase in investment spending[162]. - The company received 514,890,000.00 CNY from the recovery of investments, a significant increase from 309,000,000.00 CNY in the previous year[162]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥504.19 million, a decrease of 1.15% from the end of the previous year[18]. - The company's total assets amounted to CNY 504,185,555.51, a slight decrease from CNY 510,069,014.58 at the end of 2019[144]. - The company's total liabilities decreased to CNY 19,630,652.74 from CNY 43,592,601.94, showing a significant reduction in debt levels[151]. - The total liabilities at the end of the reporting period were 7,205,000, indicating a decrease from the previous period[177]. Revenue Sources - Revenue from mobile information services was 97.27 million yuan, down 9.40% compared to the same period last year, primarily due to reduced business remuneration from operators[38]. - The insurance product service business generated revenue of 162.11 million yuan, a decline of 4.11% year-on-year[36]. - The internet insurance business generated revenue of ¥162,105,199.98, a year-on-year decrease of 4.11%[40]. Research and Development - The company has obtained 4 invention patents and 78 software copyrights as of June 30, 2020, indicating a strong emphasis on technology research and development[33]. - Research and development expenses decreased by 30.98% to ¥7,304,516.42, indicating a reduction in investment in this area[42]. - The company plans to continue exploring new technologies and business models in the fields of big data, 5G messaging, and artificial intelligence to enhance service capabilities[33]. Market Challenges and Risks - The report highlights potential risks and uncertainties in future operations, urging investors to be aware of investment risks[4]. - The company is facing risks from changes in telecom operator service policies, which may compress profit margins due to increased competition and regulatory adjustments[85]. - The internet insurance sector is experiencing stricter regulations, affecting pricing advantages and leading to a decline in premium income[86]. - Rising human and management costs are a significant risk, with high-level technical talent salaries increasing, impacting overall profitability[89]. Corporate Governance and Compliance - The half-year financial report was not audited, indicating a lack of external validation for the financial data presented[96]. - The company has not reported any significant litigation or arbitration matters during the period[98]. - The company has not engaged in any major related party transactions during the reporting period[102]. - The financial statements were approved by the board of directors on August 28, 2020, ensuring compliance with accounting standards[184]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,130[123]. - The top 10 unrestricted shareholders include: Jiangyin Xinyuan Investment Co., Ltd. with 10,886,477 shares, Tianjin Zhihui Investment Partnership with 10,383,750 shares, and Qian Yongmei with 11,896,428 shares[125]. - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period[126].

Financial Performance - Total revenue for Q1 2020 was ¥119,364,838.20, a decrease of 9.86% compared to ¥132,426,220.78 in the same period last year[8] - Net profit attributable to shareholders was ¥1,599,685.52, down 78.93% from ¥7,591,644.57 year-on-year[8] - Net profit after deducting non-recurring gains and losses was -¥1,219,173.60, a decline of 111.43% compared to ¥10,666,688.52 in the previous year[8] - Basic earnings per share decreased by 75.00% to ¥0.01 from ¥0.04 year-on-year[8] - The company's operating revenue for the reporting period was 119.36 million yuan, a decrease of 9.86% year-on-year, primarily due to a 12.17 million yuan decline in MAS business revenue and the impact of COVID-19 on internet insurance operations[20] - Net profit attributable to shareholders was 1.60 million yuan, down 78.93% year-on-year, mainly due to the decline in MAS business revenue[20] - The total comprehensive income attributable to the parent company is CNY 1,599,685.52, down from CNY 7,591,644.57 in the previous period[57] - Net profit for Q1 2020 was CNY 1,561,623.43, down from CNY 8,267,992.38 in the same period last year[53] - Operating profit for the current period is CNY 2,591,725.92, down from CNY 14,390,212.78 in the previous period, indicating a significant decline[57] - Net profit for the current period is CNY 2,579,108.21, compared to CNY 7,296,079.15 in the previous period, reflecting a decrease of approximately 64.7%[58] Assets and Liabilities - Total assets increased by 2.18% to ¥521,181,536.72 from ¥510,069,014.58 at the end of the previous year[8] - The company's total assets as of March 31, 2020, were CNY 501,093,270.01, compared to CNY 493,464,593.13 at the end of 2019[48] - The total liabilities as of March 31, 2020, were CNY 48,642,170.61, up from CNY 43,592,601.94[49] - The total current liabilities rose to RMB 35,258,475.96 from RMB 25,727,797.23, indicating an increase of approximately 37.0%[45] - The total liabilities amounted to 51,746,613.37 yuan, remaining consistent with the previous year, which suggests no significant changes in the company's debt levels[69] Cash Flow - Operating cash flow net amount improved by 65.04%, reaching -¥7,112,203.75, compared to -¥20,344,636.25 in the same period last year[8] - Cash flow from operating activities shows a net outflow of CNY 7,112,203.75, an improvement from a net outflow of CNY 20,344,636.25 in the previous period[61] - Cash inflow from investment activities is CNY 248,839,089.01, compared to CNY 165,878,121.91 in the previous period, indicating an increase of approximately 49.8%[61] - The net cash flow from investment activities was 27,317,356.15 yuan, down from 31,487,719.17 yuan year-over-year, showing a decrease of about 13%[65] - The total cash and cash equivalents at the end of the period were 41,360,783.18 yuan, down from 60,489,657.71 yuan in the previous year, representing a decline of approximately 32%[65] Investments and Expenses - Financial expenses decreased by 72.40% year-on-year, attributed to increased interest income during the reporting period[20] - Investment income grew by 48.31% year-on-year, as the previous period recorded negative investment income from joint ventures[20] - Research and development expenses for Q1 2020 were CNY 4,164,805.66, compared to CNY 3,800,810.69 in the previous year[52] - Research and development expenses increased to CNY 3,346,560.51 from CNY 2,965,700.51 in the previous period, reflecting a focus on innovation despite financial challenges[56] Legal and Regulatory Issues - The company has received a total of 541 civil lawsuits and mediation applications, involving a total claim amount of 172.73 million CNY[28] - The company has been ordered to compensate a total of 53.53 million CNY for 176 cases, including litigation fees and late payment penalties[31] - The company has reached a settlement agreement with 363 investors, completing the payment of mediation compensation and litigation fees[31] - The company plans to actively promote mediation for remaining investor lawsuits and reduce the impact on performance through friendly negotiations[28] Strategic Developments - The company is developing an integrated communication platform for institutional clients, with initial versions being trialed and a new product architecture proposed[21] - Research on internet insurance promotion through online platforms has been initiated, focusing on various social media for product dissemination[22] - The company has constructed a framework for an intelligent insurance interaction hub, integrating AI technologies for various application channels[23] - The health insurance customer service integration platform's claims module has been completed, enhancing claims processing efficiency[24] - The company faces risks from telecom operator policy changes and intensified market competition, with strategies to maintain client resources and enhance service offerings[25][26] Fund Management - The total amount of raised funds is 1.6998 billion CNY, with 0 CNY invested in the current quarter[33] - Cumulative changes in the use of raised funds amount to 1.1206 billion CNY, representing 65.92% of the total raised funds[33] - The company has utilized self-raised funds of 32.18 million CNY for the "New Generation Industry Mobile Information Service Platform Project" prior to the arrival of raised funds[34] - The company has terminated the follow-up implementation of the "New Generation Industry Mobile Information Service Platform Project" and "Personal Mobile Financial Information Service Platform Project," reallocating remaining funds to the acquisition of Shanghai Yuhua Data Technology Co., Ltd.[34] - The change in the use of raised funds amounts to 47.39% of the total raised funds[34]

Financial Performance - The company's operating revenue for 2019 was ¥565,299,336.97, representing a 63.08% increase compared to ¥346,643,061.13 in 2018[16] - The net profit attributable to shareholders decreased by 25.15% to ¥18,790,370.30 from ¥25,103,860.45 in the previous year[16] - The net profit after deducting non-recurring gains and losses increased by 167.61% to ¥15,543,037.27, up from ¥5,808,176.48 in 2018[16] - The net cash flow from operating activities was negative at -¥21,882,723.16, worsening by 50.49% compared to -¥14,541,047.05 in 2018[16] - The total assets at the end of 2019 were ¥510,069,014.58, a decrease of 1.87% from ¥519,779,172.03 in 2018[16] - The net assets attributable to shareholders increased by 3.39% to ¥447,221,500.18 from ¥432,545,889.11 in the previous year[16] - The basic earnings per share decreased by 23.08% to ¥0.10 from ¥0.13 in 2018[16] - The weighted average return on net assets was 4.27%, down from 5.99% in the previous year, a decrease of 1.72%[16] Revenue Sources - The company's operating revenue for 2019 was approximately CNY 132.43 million, a decrease from CNY 149.28 million in 2018, representing a decline of about 11.3%[19] - The net profit attributable to shareholders was CNY 7.59 million in 2019, recovering from a loss of CNY 19.18 million in 2018[19] - The mobile information service business generated revenue of CNY 207.79 million, up 18.61% year-on-year, while the insurance product service revenue surged by 108.51% to CNY 357.51 million[54] - The internet insurance business achieved rapid revenue growth in 2019, with a focus on enhancing platform functionality and establishing channel cooperation models[107] Costs and Expenses - The operating cost for insurance products and support services rose by 132.24% to CNY 32.58 million, outpacing revenue growth and impacting profitability[50] - The total amount spent on the top five suppliers was ¥195,818,355.53, which accounted for 40.13% of the total annual purchases[63] - The channel fees for mobile information services increased by 36.08% to ¥119,537,712.85, accounting for 24.50% of the total operating costs in 2019[61] - The commission and agency fees in the insurance product services segment surged by 133.60% to ¥325,789,381.37, making up 66.77% of the total operating costs[60] Research and Development - The company invested CNY 22,967,260.12 in R&D in 2019, representing 4.06% of its operating revenue[71] - The company has invested in various R&D projects, including a big data application system for auto insurance and an integrated customer service platform for health insurance[66] - Research and development expenses totaled ¥22,967,260.12, reflecting a 1.11% increase year-over-year, and accounted for 4.06% of total revenue[66] - The company aims to innovate insurance products to meet emerging industry demands and enhance customer satisfaction[71] Technology and Innovation - The company aims to leverage technological innovation to enhance its core competitive capabilities in the financial vertical[31] - The introduction of 5G messaging services is expected to provide new business opportunities for the company and its clients[28] - The company has established a comprehensive technology platform to support its digital transformation and service offerings in the financial sector[31] - The company is focusing on market expansion through the development of new technologies and products, including a fusion communication platform[68] Shareholder and Governance - The company plans to distribute a cash dividend of ¥0.17 per 10 shares to all shareholders, based on a total of 197,600,000 shares[6] - The company’s board approved the replacement of self-raised funds with raised funds for previously invested projects, ensuring efficient use of funds[98] - The company has established a governance structure comprising the shareholders' meeting, board of directors, supervisory board, and management team[198] - The company held one annual general meeting and one extraordinary general meeting during the reporting period, ensuring equal rights for all shareholders[199] Market and Competitive Landscape - The company faces risks from competitive pressures and potential declines in gross margins due to operator policy changes[5] - The company recognizes intensified market competition in both mobile information technology services and internet insurance, necessitating enhanced core competitiveness to maintain market share[109] - The company anticipates risks from telecom operators' policies affecting the quality of channel resources and potential cost increases, which could impact profit margins[108] - The company aims to stabilize its original quality channel resources and financial industry clients to maintain competitive advantages in its existing business[107] Legal and Compliance - As of April 27, 2020, the company received 541 civil lawsuits with a total claim amount of 172.73 million yuan, resulting in compensation of 53.53 million yuan for 176 cases[111] - The company has been actively working to resolve remaining investor lawsuits to mitigate future performance impacts[111] - The company emphasizes investment in R&D and talent development to enhance core technical capabilities[110] - The company ensures timely, accurate, and complete information disclosure in compliance with relevant laws and regulations, enhancing transparency and credibility[151] Employee and Management - The total number of employees in the company is 356, with 244 in the parent company and 112 in major subsidiaries[192] - The company emphasizes employee training and development, offering professional skills training and management leadership courses[195] - The company has established a democratic work environment and provides excellent welfare benefits to enhance employee motivation and creativity[152] - The company provides a diverse compensation policy, including market-competitive salaries, supplementary medical insurance, and various allowances[194]