Financial Performance - The company's revenue for Q3 2022 was ¥92,037,698.14, a decrease of 28.43% compared to the same period last year[5] - Net profit attributable to shareholders was ¥2,264,889.18, down 40.96% year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥2,033,693.87, a decline of 4.24% compared to the previous year[5] - The basic earnings per share were ¥0.0033, representing a decrease of 42.11% year-on-year[5] - Total revenue for the first nine months of 2022 was 2,174,598.66, a decrease of 36.73% compared to 3,437,201.74 in the same period of 2021[11] - Total operating revenue for Q3 2022 was ¥284,864,848.94, a decrease of 20.6% compared to ¥359,001,780.83 in Q3 2021[29] - Net profit for Q3 2022 was ¥10,950,144.96, slightly up from ¥10,674,214.58 in Q3 2021, indicating a year-on-year increase of 2.6%[30] - Earnings per share for Q3 2022 were ¥0.0170, compared to ¥0.0270 in Q3 2021, reflecting a decrease of 37.0%[31] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,530,597,913.24, down 5.22% from the end of the previous year[5] - Total liabilities as of Q3 2022 amounted to ¥78,743,853.87, a reduction of 49.5% from ¥155,885,705.95 in Q3 2021[30] - As of September 30, 2022, the company's total assets amounted to RMB 1,530.60 million, a decrease from RMB 1,614.95 million at the beginning of the year[24] - The company's cash and cash equivalents decreased to RMB 283.98 million from RMB 427.03 million at the beginning of the year[25] - The company's accounts receivable increased to RMB 320.48 million from RMB 301.19 million at the beginning of the year[26] - The company's total non-current assets increased to RMB 621.79 million from RMB 583.01 million at the beginning of the year[26] Cash Flow - Cash flow from operating activities showed a net outflow of ¥83,439,043.90, a significant decrease of 94.94%[5] - The net cash flow from operating activities was -83,439,043.90, a decrease of 94.94% compared to -42,803,228.95 in the previous year[11] - The company reported a cash outflow from investing activities of -43,894,812.02, a decrease of 53.05% compared to -93,493,958.47 in the previous year[11] - The net cash flow from investment activities was -43,894,812.02, compared to -93,493,958.47 in the previous year, showing an improvement in investment cash flow[34] - The net cash flow from financing activities was -13,758,892.32, compared to -54,798,960.33 in the previous year, indicating a reduction in cash outflow from financing[34] - The total cash and cash equivalents at the end of the period were 261,749,283.75, down from 329,711,065.90 year-over-year[35] Expenses and Investments - Development expenditures increased by 168.04% to ¥13,403,390.80, reflecting increased investment in R&D projects[10] - The company reported a significant increase in financial expenses, which rose by 567.93% to -4,986,839.09 due to increased interest income[11] - The company’s tax expenses decreased by 90.21% to 357,058.98 from 3,646,695.36 in the previous year[11] - The company received 4,380,977.96 in tax refunds, an increase from 2,617,191.35 in the previous year[34] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,809[13] - The largest shareholder, Qiang Jiang, holds 29.05% of the shares, totaling 196,550,600 shares, with 157,224,675 shares pledged[14] - The company completed the cancellation of 7,578,000 repurchased shares, reducing total shares from 684,095,079 to 676,517,079[23] Revenue Recognition - The company confirmed revenue of RMB 257.67 million from the public safety video surveillance project with Chongqing Public Security Bureau, with a total contract value adjusted to RMB 261.86 million[18] - The company recognized revenue of RMB 2.40 million from the operation and maintenance service project for the Xueliang Project with the Xinji Municipal Committee, with a total contract value of RMB 10.16 million[18] - The company has been selected as a supplier for China Minsheng Bank's technical defense equipment for the 2021-2023 period, recognizing revenue of RMB 0.62 million from this project[19] - The company confirmed revenue of RMB 0.65 million from the security engineering integration and maintenance service project for Agricultural Bank of China Guangdong Branch[19]

Financial Performance - The company's operating revenue for the reporting period was ¥192,827,150.80, a decrease of 16.31% compared to ¥230,397,823.60 in the same period last year[27]. - Net profit attributable to shareholders was ¥9,227,145.15, down 35.72% from ¥14,355,274.84 year-on-year[27]. - The net profit after deducting non-recurring gains and losses was ¥4,204,079.23, a decline of 62.93% compared to ¥11,340,449.10 in the previous year[27]. - The company's cash flow from operating activities was -¥80,501,544.47, worsening by 35.18% from -¥59,549,982.05 in the same period last year[27]. - The total assets at the end of the reporting period were ¥1,525,998,322.07, a decrease of 5.51% from ¥1,614,954,433.39 at the end of the previous year[27]. - Operating profit was 5.57 million yuan, down 55.53% year-on-year[39]. - The net cash flow from operating activities decreased by 35.18% year-on-year, mainly due to reduced sales collections[39]. - The company reported a significant reduction in income tax expenses, which were ¥319,991.38, down 88.02% year-on-year[67]. - The cash and cash equivalents net increase was -¥128,852,004.95, a 37.06% improvement compared to the previous year[67]. - The company's cash and cash equivalents decreased by 7.03% to 296,224,167.47, primarily due to investments in bank wealth management products and large deposits[78]. Business Strategy and Development - The company plans to invest in technology development to keep pace with rapid advancements in IoT and security sectors, emphasizing the need for timely product development to meet market demands[5]. - The company is expanding its business scope and geographic reach, which may introduce management risks if operational controls do not scale accordingly[7]. - The company focuses on low-code platforms and smart IoT data platforms, integrating various technologies such as big data and AI to provide comprehensive industry solutions[34]. - The company is actively exploring UWB+AR applications in collaboration with partners, expanding its product offerings and application scenarios[37]. - The company is actively expanding its financial IoT business and accelerating the application of UWB+ technology, while also exploring new business directions through partnerships with established companies[53]. - The company is focusing on new product development and market expansion strategies to drive future growth[197]. - The company plans to enhance its technological capabilities through ongoing research and development initiatives[197]. Human Resources and Talent Management - The company has faced increasing human resource costs due to market competition for specialized talent, despite efforts to enhance employee training and organizational culture[8]. - The company has a stable and efficient workforce, which is crucial for its rapid growth, but it must continue to attract and retain talent to meet strategic goals[8]. - The company emphasizes talent development and management as a key strategy to enhance its operational effectiveness and adapt to market changes[54]. - The company plans to establish a talent demand system to attract and retain skilled personnel, addressing potential human resource constraints on operational and strategic goals[108]. - The company has increased efforts to recruit scarce talent and enhance training for existing staff to address rising human resource costs[107]. Risk Management - The company emphasizes the importance of risk management strategies to address potential operational challenges arising from its expansion efforts[7]. - The ongoing COVID-19 pandemic has introduced uncertainties that may impact the company's operational performance and overall financial results[9]. - The company has established a risk management internal control system to adapt to its expanding scale and operational scope[106]. - The company has established a strict risk assessment and supervision mechanism during project development to minimize development risks[105]. Environmental and Social Responsibility - The company promotes energy conservation and green consumption among employees, encouraging practices such as reducing waste and using eco-friendly products[121]. - The company has implemented a hazardous waste management plan, ensuring compliance with environmental regulations and proper disposal of hazardous materials[120]. - The company emphasizes the importance of environmental protection in its operational strategy, integrating ecological considerations into its governance processes[119]. - The company has maintained a focus on clean production and circular economy principles to minimize waste generation[119]. Market Trends and Opportunities - The digital economy is expected to maintain an average annual growth rate of approximately 9% during the 14th Five-Year Plan period, with the scale of the digital economy projected to exceed 60 trillion yuan by 2025[42]. - The demand for digital transformation across industries is increasing, creating significant market opportunities for low-code development platforms[44]. - The smart transportation industry in China is expected to exceed 400 billion yuan by 2026, with an annual compound growth rate of approximately 16%[51]. Shareholder and Equity Information - The company did not distribute cash dividends or issue bonus shares for the half-year period, nor did it increase capital through reserves[115]. - The company has confirmed revenue of 289,011.07 yuan from the project with China Minsheng Bank for the years 2021-2023[157]. - The company has confirmed revenue of 155,990.07 yuan from the project with Agricultural Bank of China Guangdong Branch[157]. - The company’s controlling shareholder has pledged 27,840,000 shares for extension procedures[158]. - The company plans to distribute a cash dividend of RMB 0.15 per 10 shares, totaling RMB 10,147,756.19, based on a total share capital of 676,517,079 shares after deducting repurchased shares[161].

Financial Performance - The company's revenue for Q1 2022 was ¥94,908,611.96, a decrease of 28.99% compared to ¥133,646,968.56 in the same period last year[4] - Net profit attributable to shareholders was ¥3,925,211.20, down 64.13% from ¥10,943,816.93 year-on-year[4] - Basic earnings per share decreased by 64.20% to ¥0.0058 from ¥0.0162 in the same period last year[4] - Total operating revenue for Q1 2022 was CNY 94,908,611.96, a decrease from CNY 133,646,968.56 in the previous period[23] - Net profit attributable to the parent company for Q1 2022 was CNY 3,925,211.20, compared to CNY 10,943,816.93 in the same period last year, reflecting a decline of approximately 64%[24] - Total comprehensive income for Q1 2022 was CNY 2,227,690.15, down from CNY 10,013,326.31 in the same period last year[25] Cash Flow - The net cash flow from operating activities was -¥43,297,276.54, a decline of 3.21% compared to -¥41,950,169.55 in the previous year[4] - Cash inflow from operating activities was CNY 72,866,558.41, a decrease from CNY 90,783,638.39 in the prior period[26] - The net cash flow from operating activities was -43,297,276.54, compared to -41,950,169.55 in the previous year, indicating a slight increase in cash outflow[27] - The total cash inflow from investment activities was 60,670,743.74, down from 130,739,548.49 in the previous year, reflecting a decrease of approximately 53.6%[27] - The net cash flow from investment activities was -55,217,306.94, compared to -105,720,872.18 in the previous year, showing an improvement in cash outflow[27] - The total cash inflow from financing activities was 4,000,000.00, while the cash outflow was 3,142,984.70, resulting in a net cash flow of -3,142,984.70[27] - The net increase in cash and cash equivalents was -101,657,568.18, compared to -148,230,343.52 in the previous year, indicating a reduction in cash depletion[27] - The ending balance of cash and cash equivalents was 301,184,463.81, down from 372,576,870.13 in the previous year[28] - The company reported a total cash outflow from operating activities of 116,163,834.95, compared to 132,733,807.94 in the previous year, indicating a decrease in cash outflow[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,597,151,659.27, down 1.10% from ¥1,614,954,433.39 at the end of the previous year[4] - The company’s cash and cash equivalents decreased to RMB 324,852,776.59 from RMB 427,033,653.42 at the beginning of the year, representing a decline of approximately 24.0%[19] - Accounts receivable increased to RMB 339,542,457.37 from RMB 301,194,065.93, reflecting a growth of about 12.7%[20] - The total non-current assets increased to RMB 616,337,808.63 from RMB 583,010,111.20, indicating a growth of approximately 5.7%[20] - Total liabilities decreased to CNY 135,855,241.68 from CNY 155,885,705.95 year-on-year[22] - Total equity attributable to shareholders increased to CNY 1,422,328,030.95 from CNY 1,418,402,819.75[22] Research and Development - The company increased its R&D expenditure by 62.63%, reaching ¥8,132,068.57 compared to ¥5,000,477.92 at the end of the previous year[8] - Research and development expenses for Q1 2022 were CNY 10,931,719.07, down from CNY 12,453,745.62 in the previous year[23] Contracts and Projects - The company confirmed revenue of RMB 25,588.27 million from a contract with the Chongqing Public Security Bureau, which has been fully executed[15] - The company has a new contract with the Xinji Municipal Government for a project worth RMB 10,159,529, with a service period of three years[16] - The company is currently a qualified supplier for China Minsheng Bank's technical defense equipment for the 2021-2023 period, with contract signing in progress[16] Other Financial Metrics - The weighted average return on equity decreased to 0.28% from 0.77% in the same period last year[4] - The company’s financial expenses showed a dramatic increase of 5,090.08% to -¥4,431,260.50 due to increased interest income[9] - The company reported a financial expense of CNY -4,431,260.50, compared to CNY 88,801.44 in the previous period, indicating a significant improvement[23] - The company reported a total of 7,578,000 shares under lock-up conditions, accounting for 1.11% of the total shares[12] - The company’s long-term equity investments remained stable at RMB 21,311,832.47[20] - The company’s goodwill remained unchanged at RMB 50,835,180.65, indicating stability in its intangible assets[20] Audit Information - The company did not conduct an audit for the first quarter report[29]

Financial Performance - The company's operating revenue for 2021 was ¥564,811,735.83, representing a 10.43% increase compared to ¥511,444,124.75 in 2020[27]. - The net profit attributable to shareholders for 2021 was ¥14,646,383.01, up 12.25% from ¥13,048,558.00 in 2020[27]. - The net profit after deducting non-recurring gains and losses was ¥8,075,380.56, a significant increase of 39.12% from ¥5,804,712.03 in 2020[27]. - The net cash flow from operating activities decreased by 66.82% to ¥43,753,219.94 from ¥131,859,052.71 in 2020[27]. - The total assets at the end of 2021 were ¥1,614,954,433.39, a decrease of 5.23% from ¥1,704,061,648.05 at the end of 2020[27]. - The company's basic earnings per share for 2021 was ¥0.0217, reflecting a 10.71% increase from ¥0.0196 in 2020[27]. - The weighted average return on equity for 2021 was 1.03%, up from 0.92% in 2020[27]. - The company reported a net profit of -¥3,545,353.18 in Q4 2021, contrasting with positive profits in the first three quarters[29]. - The company achieved a significant milestone by completing the development of its cloud-based AI video analysis platform, which utilizes deep learning technologies for real-time data analysis[87]. - The company reported a significant increase in asset impairment losses, totaling ¥46,633,114.23, primarily due to provisions for inventory and goodwill impairment[97]. - The company reported a total of 291,934,106 shares held by directors and senior management at the end of the reporting period[156]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB in 2021, representing a year-over-year growth of 25%[162]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of 0.15 RMB per 10 shares (before tax) to all shareholders, based on a total of 676,517,079 shares[12]. - The company's profit distribution plan complies with the relevant regulations and has been approved by the shareholders' meeting[197]. Market and Industry Trends - The digital economy is expected to maintain an annual growth rate of approximately 9% during the 14th Five-Year Plan period, with the scale projected to exceed ¥60 trillion by 2025[37]. - The demand for digital transformation across industries is increasing, creating significant market opportunities for low-code development platforms[39]. - UWB technology is gaining recognition in the domestic industry, with significant investments in UWB chip development by companies like Xiaomi and OPPO, indicating a promising trend towards domestic chip localization[40]. - The banking sector is undergoing a transformation towards intelligent and scenario-based branches, with city commercial banks and rural commercial banks increasing their branch network investments to leverage structural growth opportunities in financial IoT[42]. - The smart transportation industry is expected to reach a market size of over 400 billion yuan by 2026, with a compound annual growth rate of approximately 16%[44]. Business Expansion and Product Development - The company is expanding its business scope, which increases management risks if organizational structures and talent development do not keep pace with growth[8]. - The company provides a low-code platform and smart IoT data platform, integrating various technologies to offer comprehensive industry solutions across sectors like financial IoT and public safety[45]. - The company has developed a range of public safety and traffic big data products, including systems for vehicle recognition and highway fee evasion prevention, which are widely used across various provinces[49]. - The company expanded its UWB product series, successfully entering the equipment library of Agricultural Bank of China, which positively impacts future market expansion[66]. - The company launched two new products in Q4 2021, which are expected to contribute an additional 200 million RMB in revenue in 2022[162]. Research and Development - R&D investment totaled 56.46 million yuan, accounting for 10.00% of operating revenue, focusing on low-code development, UWB technology, IoT, big data, AI, and blockchain[59]. - Research and development expenses amounted to 56.46 million yuan, accounting for 10% of total operating revenue[63]. - The company completed the hardware design and prototype testing of its positioning system by June 2021, with the product officially launched in December 2021[87]. - The company is focusing on expanding its market presence through the development of standardized application solutions for its positioning system[87]. - The company is actively collaborating with a domestic UWB chip design enterprise to optimize UWB chip performance for key industry needs[53]. Operational Challenges and Risks - The ongoing COVID-19 pandemic poses uncertainties that could affect the company's operational performance and overall business results[10]. - The company faces risks related to rapid technological advancements in the IoT and security sectors, which may impact product development if not aligned with market demands[6]. - The company is exposed to supply chain risks due to global economic slowdowns and potential material shortages, which could adversely impact financial performance[12]. - The company faces management risks due to its expanding scale and operational scope, necessitating improvements in risk management and internal control systems[131]. - The company is addressing human resource risks by enhancing talent acquisition and training to meet the demands of its growing business[132]. Corporate Governance and Investor Relations - The company emphasizes transparent information disclosure, ensuring that all shareholders have equal access to information[147]. - The company actively engages with stakeholders to balance interests and promote sustainable development[148]. - The company has a dedicated investor relations management system to enhance communication with investors and maintain good relationships[149]. - The company held 1 annual general meeting and 2 extraordinary general meetings during the reporting period, ensuring compliance with relevant laws and regulations[142]. - The board of directors consists of 5 members, including 2 independent directors, ensuring compliance with governance requirements[144]. Future Outlook - The company plans to implement a "one core, multiple lines" strategy in 2022, focusing on digital transformation in various industries[119]. - The company aims to expand its digital transformation business, leveraging low-code platforms and innovative technologies like AI and big data[120]. - The company will enhance its UWB precise positioning applications in various fields, including smart justice and financial IoT[124]. - The company will continue to optimize its organizational structure to improve operational efficiency and resource allocation[125]. - The company provided guidance for 2022, projecting revenue growth of 20% to 1.8 billion RMB, driven by new product launches and market expansion efforts[162].

Financial Performance - The company's revenue for Q3 2021 was ¥128,603,957.23, a decrease of 29.33% compared to the same period last year[3]. - Net profit attributable to shareholders was ¥3,836,461.35, down 92.28% year-on-year, while the net profit excluding non-recurring gains and losses was ¥2,123,839.68, down 95.56%[3]. - The basic earnings per share for the period was ¥0.0057, a decrease of 92.26% compared to the same period last year[3]. - Total operating revenue for the current period reached ¥359,001,780.83, an increase of 16.4% compared to ¥308,294,078.67 in the previous period[28]. - Total operating costs amounted to ¥347,784,160.03, up from ¥307,187,715.37, reflecting a growth of 13.2%[28]. - Operating profit surged to ¥13,762,779.37, compared to ¥548,114.15 in the prior period, indicating a significant improvement[29]. - Net profit for the current period was ¥10,674,214.58, a turnaround from a net loss of ¥1,117,520.62 in the previous period[29]. - Earnings per share (EPS) increased to ¥0.0270 from ¥0.0101, representing a growth of 167.3%[30]. Cash Flow - The company reported a net cash flow from operating activities of -¥42,803,228.95 for the year-to-date, an improvement of 40.97% compared to the same period last year[9]. - Cash flow from operating activities showed a net outflow of ¥42,803,228.95, an improvement from a net outflow of ¥72,508,584.19 in the previous period[33]. - Cash flow from investing activities resulted in a net outflow of ¥93,493,958.47, compared to a larger outflow of ¥220,890,565.68 previously[33]. - Cash flow from financing activities also showed a net outflow of ¥54,798,960.33, improving from a net outflow of ¥69,457,963.33 in the prior period[34]. - The ending cash and cash equivalents balance was ¥329,711,065.90, compared to ¥259,711,345.29 at the end of the previous period[34]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,621,856,369.90, a decrease of 4.82% from the end of the previous year[3]. - The company's current assets totaled CNY 1,064,693,687.89, down from CNY 1,149,846,283.71 at the end of 2020, indicating a decline of approximately 7.4%[23]. - The company's cash and cash equivalents decreased to CNY 333,693,564.39 from CNY 531,374,405.06, representing a decline of about 37.2%[23]. - Accounts receivable increased to CNY 363,176,982.65 from CNY 279,517,963.49, reflecting a growth of approximately 30%[23]. - The company’s total liabilities decreased to CNY 143,799,222.61 from CNY 222,897,784.45, a reduction of about 35.4%[26]. - The company’s equity attributable to shareholders increased slightly to CNY 1,421,948,172.93 from CNY 1,417,559,367.63, showing a marginal growth[26]. Investments and R&D - The company increased its R&D expenditure to ¥15,565,146.05, a rise of 97.85% compared to the previous year[9]. - The company’s investment income increased by 37.63% to ¥3,998,789.33 due to increased investments in bank financial products[9]. - The company reported an increase in investment income to ¥3,998,789.33 from ¥2,905,442.16, reflecting a growth of 37.7%[28]. - The company’s long-term investments rose to CNY 21,322,286.34 from CNY 20,122,286.34, indicating a growth of approximately 6%[25]. Shareholder Information - The top shareholder, Qiang Jiang, holds 30.64% of the shares, with 157,224,675 shares pledged[12]. - The total number of restricted shares at the beginning of the period was 232,669,658, with 199,259,825 remaining at the end of the period[15]. - The company has a total of 7,578,000 shares held in the repurchase account, accounting for 1.11% of the total share capital[12]. - The company has confirmed the completion of the repurchase and cancellation of 275,174 shares under the stock incentive plan[15]. - The company has a total of 10 major shareholders, with the top 10 holding significant portions of the company's shares[12]. Contracts and Agreements - The total confirmed revenue from the contract with Chongqing Public Security Bureau is RMB 23,149.87 million, with a total contract amount of RMB 26,185.54 million[17]. - The contract with Beijing Public Security Bureau has a confirmed revenue of RMB 4,805.24 million, with a total contract price of RMB 8,122.60 million[17]. - The company has been selected as a supplier for Huaxia Bank's security products for the period of 2021-2023[17]. - The company signed multiple procurement framework agreements with Huaxia Bank, covering various security and monitoring systems[18]. - The total amount for the procurement contract with Chongqing Bank is capped at RMB 10,989.38 million[18]. Management Changes - The company appointed new senior management, including a new vice president and board secretary, to enhance its leadership team[21]. Accounting and Reporting - The company implemented the revised Accounting Standard No. 21 for leases starting January 1, 2021, and chose not to recognize right-of-use assets and lease liabilities due to only having short-term leases and low-value asset leases at the end of 2020[35]. - The initial balance sheet items did not require adjustments as there were no significant long-term leases[35]. - The third quarter report was not audited, indicating potential limitations in the reliability of the financial data presented[36].

Financial Performance - The company's operating revenue for the current period reached ¥230,397,823.60, representing an increase of 82.40% compared to the same period last year[28]. - Net profit attributable to shareholders was ¥14,355,274.84, a significant turnaround from a loss of ¥43,077,514.42 in the previous year, marking a 133.32% improvement[28]. - The net profit after deducting non-recurring gains and losses was ¥11,340,449.10, compared to a loss of ¥46,699,286.19 last year, reflecting a 124.28% increase[28]. - The basic earnings per share rose to ¥0.0212 from a loss of ¥0.0644, indicating a 132.92% improvement[28]. - The total assets at the end of the reporting period were ¥1,662,073,660.58, a decrease of 2.46% from the end of the previous year[28]. - The company's operating revenue for the reporting period was ¥230,397,823.60, representing an increase of 82.40% compared to the same period last year, primarily due to the recovery from the pandemic and increased business expansion efforts[69]. - Operating costs rose to ¥136,043,763.32, a 50.98% increase year-on-year, in line with the growth in operating revenue[69]. - Financial expenses decreased by 65.46% year-on-year to 196,200 yuan, attributed to reduced bank borrowings and interest expenses; income tax expenses increased by 544.44% year-on-year to 2.67 million yuan due to higher profits[41]. - The net cash flow from operating activities rose by 35.45% year-on-year, driven by increased sales collections and reduced tax payments; net cash flow from investing activities grew by 34.71% year-on-year due to increased recovery of bank wealth management principal[41]. Business Strategy and Development - The company plans not to distribute cash dividends or issue bonus shares, which may impact shareholder returns[14]. - The company is expanding its business scope, which increases management risks if organizational structures and processes do not adapt accordingly[9]. - The company is actively exploring the application of UWB technology in finance, nuclear power, and electricity sectors, indicating a strategy for market expansion[39]. - The company is enhancing its business development efforts in the financial IoT sector and exploring new business directions through partnerships with established companies[54]. - The company is focusing on strengthening its R&D capabilities to seize opportunities in the digital transformation of Chinese enterprises[55]. - The company emphasizes continuous investment in R&D, optimizing product structure and enhancing technical performance to improve conversion rates from technology to product to customer application[56]. - The company is committed to maintaining a sustainable growth strategy while maximizing shareholder value[94]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its portfolio[94]. - The company plans to enhance its risk management and internal control systems to adapt to its expanding scale and operational scope[108]. Market Trends and Industry Insights - The digital economy in China reached 39.2 trillion yuan in 2020, accounting for 12% of GDP, with a growth rate exceeding that of GDP by more than three times[42]. - The "14th Five-Year Plan" aims to increase the core industry's added value of the digital economy from 7.8% of GDP in 2020 to 10%[44]. - The low-code industry is experiencing explosive growth, with significant demand for application software development, and investment interest is expected to continue rising[45]. - The UWB industry is expanding with new applications, as evidenced by major companies like Apple and NXP Semiconductor launching UWB chips for IoT applications[49]. - The company emphasizes the importance of understanding industry technology trends to avoid misalignment in product development and market needs[8]. Operational Challenges - The company faces risks related to technological development, particularly in the rapidly evolving fields of IoT and security, which require continuous innovation to meet customer demands[7]. - The company has acknowledged the impact of the COVID-19 pandemic on its operations, which could affect overall performance due to increased uncertainties[11]. - The company is experiencing rising human resource costs due to increased competition for skilled professionals, which may constrain its operational and strategic goals[10]. - The company is facing supply chain risks due to global economic slowdowns and trade tensions, which could adversely affect its operational performance[13]. - The company faces seasonal revenue fluctuations, with significant earnings concentrated in the second half of the year[105]. - The company is committed to continuous technology upgrades and expanding its business scope to mitigate seasonal performance volatility[106]. Research and Development - The company has a stable and efficient workforce, which is crucial for its rapid development, but it must continue to enhance talent acquisition and training efforts[10]. - The company's R&D team is composed of highly skilled professionals, including PhDs, ensuring a solid technical foundation for innovation in key strategic areas[65]. - The company emphasizes customer satisfaction and aims to exceed customer expectations through continuous innovation in R&D and product quality[126]. - Ongoing research and development efforts are expected to yield new innovations, with an estimated investment of 6.98 million in the upcoming quarter[96]. Corporate Governance and Compliance - The company has not faced any administrative penalties related to environmental issues during the reporting period[122]. - The company has not engaged in any related party transactions during the reporting period[139]. - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties[130]. - The company has not undergone any bankruptcy reorganization during the reporting period[134]. - The company has not issued any non-standard audit reports for the current or previous periods[132]. - The company has maintained compliance with environmental laws and regulations, ensuring no violations occurred during the reporting period[124]. Shareholder and Investor Relations - The company held multiple investor communication activities to discuss future development plans and performance[113]. - The company has implemented three phases of employee stock incentive plans to share development results with employees[125]. - The company has undergone changes in its board and management personnel due to term expirations and resignations[116]. - The company has a total of 8,000 million yuan in structured deposits with a return of 3.30%[98]. - The company confirmed revenue of RMB 13,199,800 from a contract with Agricultural Bank of China for an electrical fire monitoring system project[165].

Financial Performance - The company's revenue for Q1 2021 was ¥133,646,968.56, representing a 206.92% increase compared to ¥43,544,047.82 in the same period last year[8] - Net profit attributable to shareholders was ¥10,943,816.93, a significant turnaround from a loss of ¥39,454,201.42 in the previous year, marking a 127.74% improvement[8] - The net profit after deducting non-recurring gains and losses was ¥9,567,295.19, compared to a loss of ¥39,978,551.67, reflecting a 123.93% increase[8] - The basic earnings per share increased to ¥0.0162 from a loss of ¥0.0590, showing a 127.46% improvement[8] - The weighted average return on equity rose to 0.77% from -2.80%, an increase of 3.57 percentage points[8] - The company reported a substantial increase in income tax expenses, up 2553.92% to CNY 1.95 million, driven by higher profits[22] - The company reported a significant increase in investment income to ¥801,936.97 from ¥424,117.03 in the previous period[61] - The net profit for Q1 2021 was ¥10,013,326.31, recovering from a net loss of ¥42,780,943.32 in the previous year[62] - The company’s total comprehensive income for the period was CNY 10,943,816.93, compared to a loss of CNY -39,454,201.42 in the previous period[66] Cash Flow and Assets - The net cash flow from operating activities improved to -¥41,950,169.55, a 50.88% reduction in losses compared to -¥85,395,418.10 in the previous year[8] - As of March 31, 2021, the company's cash and cash equivalents decreased to approximately ¥381.38 million from ¥531.37 million at the end of 2020, a decline of about 28.2%[52] - Accounts receivable increased to approximately ¥337.56 million, up from ¥279.52 million at the end of 2020, representing a growth of about 20.7%[52] - The company's total assets as of March 31, 2021, were approximately ¥1.70 billion, slightly down from ¥1.70 billion at the end of 2020[53] - The total liabilities decreased to approximately ¥209.73 million from ¥222.90 million at the end of 2020, a reduction of about 5.9%[54] - The company reported cash inflows from investment activities of CNY 130,739,548.49, compared to CNY 6,016,569.86 in the previous period[70] - The ending balance of cash and cash equivalents was ¥317,834,470.45, up from ¥288,627,563.78 in the previous period, marking an increase of about 10.1%[74] Shareholder Information - The company had a total of 28,846 common shareholders at the end of the reporting period[12] - The top shareholder, 茅庆江, held 30.27% of the shares, amounting to 209,632,900 shares, with 157,224,675 shares pledged[12] Operational Highlights - The company signed significant contracts, including a public safety video monitoring project with a total contract value of CNY 239.12 million, with cumulative revenue recognized of CNY 206.96 million as of March 31, 2021[24] - The company is focusing on expanding its UWB and public safety business while promoting the recovery and development of smart judicial services[31] - The company faces seasonal revenue fluctuations, with performance expected to be stronger in the second half of the year[32] - The company has engaged in multiple communications with institutional investors regarding its current business operations and future plans[47][48][49] Investment and Development - The company’s financial assets rose significantly by 166.07% to CNY 160.40 million, attributed to investments in bank wealth management products[20] - Development expenditures increased by 38.72% to CNY 10.91 million, reflecting the company's commitment to enhancing R&D projects[20] - The company is committed to enhancing its technology development capabilities to meet the evolving demands of customers in the IoT and security sectors[34] - Research and development expenses for Q1 2021 were ¥12,453,745.62, slightly higher than ¥12,332,226.96 in the previous year[61] Risk Management and Strategy - The company has established a risk management internal control system to adapt to its expanding scale and operational scope[36] - The company aims to attract and retain talent through improved compensation and career development opportunities to support its growth strategy[36] - The company is actively expanding its business and expects related income and benefits to gradually reflect in the upcoming periods[44]

Financial Performance - The net profit attributable to shareholders of the company decreased by over 50% due to the impact of the COVID-19 pandemic, with a loss of 47.18 million yuan reported by subsidiary Runan Technology[5]. - The company recognized an impairment loss of goodwill amounting to 30.15 million yuan for Runan Technology, adversely affecting the overall annual performance[5]. - The company's operating revenue for 2020 was ¥511,444,124.75, a decrease of 34.80% compared to ¥784,434,539.34 in 2019[27]. - The net profit attributable to shareholders for 2020 was ¥13,048,558.00, down 91.55% from ¥154,431,200.03 in 2019[27]. - The company experienced a significant decline in net profit, with a net profit of only ¥5,804,712.03 after deducting non-recurring gains and losses, a decrease of 96.07% from ¥147,564,282.08 in 2019[27]. - The company reported a basic earnings per share of ¥0.0196 for 2020, down 91.56% from ¥0.2321 in 2019[27]. - The company reported a net loss attributable to shareholders of ¥39,454,201.00 in Q1 2020, with a significant recovery in Q4 showing a profit of ¥6,422,218.36[71]. - The company reported a significant difference between net cash flow from operating activities and net profit due to a provision for asset impairment of ¥58,898,800 and the recovery of prior period receivables[96]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion in 2020, representing a year-over-year growth of 25%[149]. Cash Flow and Investments - The net cash flow from operating activities increased by 11.08% to ¥131,859,052.71 in 2020, compared to ¥118,709,165.31 in 2019[27]. - The total cash inflow from operating activities in 2020 was ¥642,025,931.57, a decrease of 19.54% compared to ¥797,959,894.58 in 2019[95]. - Investment cash inflows surged by 139.20% to ¥290,914,240.01 in 2020, compared to ¥121,619,564.13 in 2019, primarily due to the maturity of bank wealth management products[95]. - Investment cash outflows increased significantly by 459.85% to ¥445,105,548.98 in 2020, up from ¥79,503,729.03 in 2019, attributed to increased purchases of bank wealth management products[95]. - The net cash flow from investment activities turned negative at -¥154,191,308.97 in 2020, compared to a positive ¥42,115,835.10 in 2019, reflecting a significant decline[95]. - Cash inflows from financing activities decreased by 51.45% to ¥38,379,193.03 in 2020, down from ¥79,049,812.00 in 2019, mainly due to reduced bank borrowings[95]. - Cash outflows from financing activities increased by 48.14% to ¥117,808,181.61 in 2020, compared to ¥79,523,772.73 in 2019, due to increased repayments of bank loans and dividend distributions[95]. Research and Development - R&D investment totaled 73.26 million CNY, accounting for 14.32% of operating revenue, with a year-on-year growth of 6.01%[50]. - The company is committed to increasing its R&D efforts and product iterations based on customer needs, aiming to improve its overall competitiveness and revenue growth[58]. - The company has enhanced its low-code IoT platform, which has been applied in various sectors including public safety and smart justice, aligning with its strategic goals[88]. - The company is actively involved in the research and development of new technologies and products, focusing on industrialization and guiding funds for innovation[110]. - The company is committed to increasing R&D investment in UWB technology and low-code IoT platforms to stay ahead of industry trends and meet evolving customer needs[141]. Market Strategy and Expansion - The company plans to expand its market presence in sectors such as financial IoT, public safety, and smart justice[36]. - The company is actively exploring UWB applications in finance, nuclear power, and electricity sectors, indicating a strategic expansion into new markets[39]. - The company plans to enhance its market presence in traditional financial security and expand into smart finance, public safety, and transportation big data sectors[63]. - The company is planning to expand its market presence in Southeast Asia, targeting a 15% market penetration by the end of 2021[149]. - The company is focusing on market expansion, targeting new regions in Southeast Asia, with plans to enter three new markets by the end of 2021[153]. Shareholder and Dividend Policies - The company plans to distribute a cash dividend of 0.18 yuan per 10 shares (including tax) to shareholders, based on a total share capital of 684,917,699 shares[15]. - The total cash dividends distributed in 2020 amounted to RMB 32,351,874.58, which represents 94.48% of the net profit attributable to shareholders[167]. - The company maintained a clear and compliant profit distribution policy, ensuring the protection of shareholders' rights[158]. - The company's profit distribution plan for 2020 was approved by the board on April 23, 2021, and is subject to adjustments based on any changes in share capital before the record date[162]. - The company has established measures to address any failures in fulfilling commitments, including compensation for direct losses to investors[178]. Technology and Innovation - The company maintained its core competitiveness in strategic technology areas such as low-code development, UWB technology, IoT, big data, artificial intelligence, and blockchain, despite the pandemic's impact on financial indicators[7]. - The low-code IoT platform achieved significant innovations, including flexible configuration, seamless data integration across various business management applications, and support for multiple cloud deployment architectures[37]. - The company successfully integrated UWB technology into its low-code IoT platform, enhancing its product ecosystem and achieving a closed-loop system of "end-edge-cloud-management-data-intelligence-chain"[58]. - The company has developed targeted solutions for various sectors, including smart prisons and financial institutions, leveraging its advanced UWB positioning technology[48]. - The company is exploring partnerships with key industry players to leverage synergies and enhance its market position[153]. Risk Management - The company faces management risks due to its expanding scale and operational scope, necessitating improvements in management systems[145]. - The company is addressing human resource risks by enhancing talent acquisition and training to meet the demands of its growing business[146]. - The company emphasizes the importance of a robust internal control system to manage risks effectively as it expands[145]. - The company has established a strict risk assessment and supervision mechanism during project development to minimize development risks[144]. Corporate Governance - The company has established a framework for new equity incentive plans that will be linked to the execution of return compensation measures[171]. - The company is focused on protecting the rights of minority investors and has established legal avenues for recourse in case of violations of commitments[170]. - The company has committed to ensuring that any new share reduction plans will comply with relevant laws and regulations, maintaining transparency with investors[172]. - The company has not reported any violations of commitments by its controlling shareholders during the reporting period[178]. - The company has not experienced any significant changes in the feasibility of the projects[118].

Financial Performance - Operating revenue for the reporting period was CNY 181,979,160.09, an increase of 45.61% year-on-year [8]. - Net profit attributable to shareholders was CNY 49,703,854.06, representing a significant increase of 200.32% compared to the same period last year [8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 47,802,809.38, up 248.78% year-on-year [8]. - Basic earnings per share for the reporting period were CNY 0.0736, an increase of 206.67% compared to the same period last year [8]. - Operating profit for the current period was ¥49,189,263.05, compared to ¥14,354,851.02 in the previous period, indicating a year-over-year increase of about 242.5% [46]. - Net profit for the current period was ¥47,701,278.92, up from ¥14,331,894.42 in the previous period, reflecting an increase of approximately 233.5% [46]. - The total comprehensive income for the current period was ¥47,701,278.92, compared to ¥14,331,894.42 in the previous period, indicating a growth of approximately 233.5% [47]. - The company reported a significant increase in sales expenses, which amounted to 39,910,841.28 compared to 49,604,481.50 in the previous year, a decrease of about 19.3% [54]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 19,750,239.13, an increase of 26.52% year-on-year [8]. - The company's net cash flow from operating activities improved by 32.17%, amounting to -¥72,508,584.19, compared to -¥106,902,637.66 in the previous year [22]. - The net cash flow from investment activities was -220,890,565.68, a significant decline compared to a positive cash flow of 81,397,136.94 in the previous period [63]. - The ending cash and cash equivalents balance was 259,711,345.29, a decrease from 432,219,845.98 in the previous period [64]. - Total cash inflow from operating activities was 303,830,194.69, down from 422,113,758.56, while cash outflow decreased to 376,338,778.88 from 529,016,396.22 [63]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,697,012,063.33, a decrease of 6.27% compared to the end of the previous year [8]. - Total liabilities decreased by 63.64% for long-term borrowings, from ¥19,239,000.00 to ¥6,996,000.00, due to repayment of bank loans during the reporting period [20]. - Current liabilities decreased from CNY 270,738,616.30 to CNY 195,607,141.79, a reduction of about 27.75% [38]. - Non-current liabilities decreased from CNY 21,278,257.58 to CNY 8,575,822.43, a decrease of approximately 59.69% [38]. - Total equity decreased from CNY 1,518,443,112.42 to CNY 1,492,829,099.11, a decline of about 1.69% [39]. - The company’s total liabilities decreased from CNY 292,016,873.88 to CNY 204,182,964.22, a reduction of about 30.1% [38]. Shareholder Information - The total number of shareholders at the end of the reporting period was 30,178 [12]. - The largest shareholder, Qiang Jiang, held 30.26% of the shares, amounting to 209,632,900 shares [12]. - The company completed its share repurchase program by September 30, 2020 [26]. Research and Development - Research and development expenses increased to ¥13,231,798.95 from ¥10,249,914.54, marking a rise of about 29.4% [45]. - The company’s intangible assets increased by 89.44% to ¥65,016,866.78, due to the completion of certain capitalized R&D projects [20]. - Research and development expenses increased to 39,330,828.60 from 34,713,502.10, representing an increase of approximately 13.5% [54]. Regulatory and Compliance - The company reported no significant changes in the number of restricted shares during the reporting period [15]. - The company reported no violations regarding external guarantees during the reporting period [28]. - The company did not have any non-operating fund occupation by controlling shareholders or related parties during the reporting period [29]. - There were no cash dividend policies executed during the reporting period [28]. - The company did not disclose any performance forecasts for the upcoming reporting period [28]. - The third quarter report was not audited [79].

Financial Performance - The company's operating revenue for the reporting period was ¥126,314,918.58, a decrease of 52.32% compared to the same period last year [26]. - The net profit attributable to shareholders was a loss of ¥43,077,514.42, representing a decline of 393.82% year-over-year [26]. - The net cash flow from operating activities improved by 14.27%, amounting to -¥92,258,823.32 [26]. - Total assets decreased by 7.90% to ¥1,667,392,598.99 compared to the end of the previous year [26]. - The company's net assets attributable to shareholders decreased by 4.55% to ¥1,362,816,402.36 [26]. - The company's revenue for the first half of 2020 was CNY 126.31 million, a decrease of 52.32% compared to the same period last year [51]. - The net profit attributable to the parent company was CNY -43.08 million, a decline of 393.82% year-on-year, primarily due to seasonal business characteristics and the impact of COVID-19 [51]. - The company's revenue from the financial industry was 71,477,451.44, a decrease of 58.20% year-on-year, with a gross margin of 20.86%, down 20.74% from the previous year [62]. - Revenue from the smart city industry reached 44,604,427.53, an increase of 2.31% year-on-year, with a gross margin of 34.51%, down 22.00% from the previous year [62]. - The Internet of Things platform construction and solutions generated revenue of 66,198,953.63, a decline of 63.04% year-on-year, with a gross margin of 23.79%, down 19.13% from the previous year [62]. Investment and R&D - The company plans to enhance its technology development to meet the increasing demands for specialized and personalized products in the IoT and security sectors [8]. - The company has increased its R&D expenditure on software-defined IoT applications and platforms, indicating a focus on innovation and technology development [71]. - The company is investing 200 million yuan in R&D for new technologies aimed at improving operational efficiency [114]. - Research and development expenses for the period were CNY 34.60 million, a decrease of 5.96% compared to the previous year [58]. - The company has developed the "UWB wristband+" series products, integrating smart hardware terminals with a smart management platform, enhancing the management capabilities in smart prisons [39]. - The company has established a multi-dimensional big data platform that integrates various data sources, maximizing the application value of data for public security and law enforcement [45]. - The company has joined the UWB international alliance FiRa, aiming for breakthroughs in UWB technology from the chip level [45]. Operational Challenges - The company has faced delays in project acceptance and implementation due to the COVID-19 pandemic, impacting its annual business performance expectations [12]. - The company acknowledges the risk of management challenges as it scales its operations across different regions and industries [9]. - The company emphasizes the importance of attracting and training specialized talent to support its expanding business operations [10]. - The COVID-19 pandemic has caused delays in project implementation and client demand, impacting the company's annual business outlook [104]. - The company is expanding its business scope, which may lead to management risks if internal controls do not adapt accordingly [102]. - The rapid technological advancements in the IoT and security sectors pose a risk if the company fails to align its R&D with market demands [101]. Strategic Initiatives - The company plans to enhance its internal control and operational systems to mitigate identified risks [106]. - The company is exploring potential mergers and acquisitions to enhance its market position and product offerings [109]. - The company aims to increase its market share by leveraging new product launches and technological advancements [108]. - The company is actively monitoring market trends to adapt its strategies accordingly, ensuring alignment with industry developments [109]. - The company plans to maintain its dividend policy, with no cash dividends or stock bonuses for the first half of 2020 [116]. Financial Management - The company has not declared any cash dividends or stock bonuses for the reporting period [13]. - The company plans to repurchase shares with an amount between CNY 20 million and CNY 40 million to enhance investor confidence [55]. - The company reported a commitment to maintaining a diversified investment portfolio to mitigate risks associated with market fluctuations [90]. - The financial management strategy includes a focus on low-risk, high-liquidity products to ensure capital safety [90]. - The company is exploring new financial instruments to optimize its investment strategy and enhance overall financial performance [90]. Shareholder Information - The total number of shares after the recent changes is 692,321,414, with 34.05% being restricted shares and 65.95% being unrestricted shares [156]. - The largest shareholder, Qiang Jiang, holds 30.28% of the shares, totaling 90,737,832 shares, with a pledge status [158]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period [161][162]. - The total number of common shareholders at the end of the reporting period is 29,115 [158]. - The top ten unrestricted shareholders include Qiang Jiang with 52,408,225 shares and Lei Hongwen with 8,065,071 shares [159].