Financial Performance - Total revenue for Q1 2020 was ¥216,203,076.65, a decrease of 31.75% compared to ¥316,758,431.92 in the same period last year[8] - Net profit attributable to shareholders was -¥3,289,460.95, representing a decline of 164.64% from ¥5,088,724.93 year-on-year[8] - Net profit attributable to shareholders after deducting non-recurring gains and losses was -¥5,132,519.44, a decrease of 206.86% compared to ¥4,803,117.78 in the previous year[8] - Total operating revenue decreased by 31.75% compared to the previous period, primarily due to the impact of COVID-19, resulting in a lower operating rate and delayed customer acceptance processes[15] - Operating profit decreased by 755.58% compared to the previous period, mainly due to insufficient operating rates in software business and delayed project acceptance[16] - The net profit for Q1 2020 was a loss of CNY 2,031,475.89, compared to a profit of CNY 2,516,547.43 in the same period last year[36] - The total comprehensive income for Q1 2020 was a loss of CNY 4,080,903.52, contrasting with a gain of CNY 1,955,204.68 in the previous year[37] - The total profit for Q1 2020 was a loss of CNY 4,811,962.81, compared to a profit of CNY 1,296,718.04 in the previous year[36] Cash Flow - Net cash flow from operating activities was -¥340,174,175.30, down 48.27% from -¥229,436,233.61 in the same period last year[8] - The cash inflow from operating activities was CNY 215,522,383.52, down from CNY 256,442,883.44 in the previous period[43] - The company reported a total operating cash outflow of 555,696,558.82 CNY, compared to 485,879,117.05 CNY in the previous period, representing an increase of about 14.4%[44] - The cash inflow from sales of goods and services was 121,543,666.23 CNY, slightly up from 118,505,384.03 CNY, indicating a growth of approximately 2.6%[48] - The total cash outflow for purchasing goods and services was 328,829,898.66 CNY, which is a significant increase from 169,148,555.51 CNY, marking an increase of about 94.5%[48] - The net cash flow from financing activities was 116,775,476.30 CNY, a significant improvement compared to -6,735,194.95 CNY in the previous period[45] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,427,158,008.89, an increase of 0.76% from ¥2,408,869,603.59 at the end of the previous year[8] - Total liabilities increased to CNY 1,104,592,889.97 from CNY 1,131,447,105.45 in the previous period[32] - Cash and cash equivalents decreased significantly to CNY 127,604,402.66 from CNY 336,629,070.87[29] - Accounts receivable decreased to CNY 281,050,107.43 from CNY 326,622,025.57, indicating a reduction of approximately 13.9%[29] - Inventory increased to CNY 261,595,139.15 from CNY 95,510,340.79, showing a significant rise of approximately 174.5%[29] - The total liabilities increased, with short-term borrowings reported at 232,435,264.06 CNY, unchanged from the previous period[51] - The company's total assets amounted to 2,408,869,603.59 CNY, reflecting a slight increase from 2,451,603,243.31 CNY, indicating a decrease of approximately 1.7%[51] - Total liabilities decreased from CNY 1,168,009,657.42 to CNY 1,056,136,430.95, a reduction of approximately 9.5%[53] Shareholder Information - The total number of common shareholders at the end of the reporting period was 51,405[11] - The largest shareholder, Yingtan Yinggao Investment Consulting Co., Ltd., held 21.81% of the shares, totaling 97,424,176 shares[11] - Net assets attributable to shareholders decreased by 4.82% to ¥1,250,286,134.54 from ¥1,313,620,497.62 at the end of the previous year[8] - The total equity attributable to shareholders decreased to CNY 1,250,286,134.54 from CNY 1,313,620,497.62, reflecting a decline of approximately 4.8%[29] Other Financial Metrics - The weighted average return on net assets was -0.25%, down 0.68% from 0.43% in the previous year[8] - The company reported non-recurring gains of ¥1,843,058.49, including government subsidies of ¥507,187.06 and VAT refunds of ¥1,513,500.83[9] - Other income increased by 2,652.79% compared to the previous period, mainly due to the enjoyment of VAT credit policies during the reporting period[16] - The company recorded a credit impairment loss of CNY -2,945,562.10 during the quarter[40] - The company's research and development expenses increased to CNY 11,464,904.89 from CNY 9,301,229.74 year-over-year[39] Future Outlook - The company remains cautiously optimistic about the full-year performance for 2020, supported by a robust order backlog in the financial technology business[17] - The company anticipates a rapid expansion in demand for banking technology over the next 2-3 years, despite the pandemic's impact[17] Changes in Accounting Standards - The company has adopted new revenue and leasing standards effective January 1, 2020, impacting financial reporting[57]

Financial Performance - Operating revenue for the reporting period was CNY 412,190,490.40, representing an increase of 8.59% year-on-year[7]. - Net profit attributable to shareholders of the listed company surged by 201.74% to CNY 34,326,328.61[7]. - Basic earnings per share rose by 166.67% to CNY 0.08[7]. - The weighted average return on net assets increased to 2.86%, up from 1.83% in the previous year[7]. - Net profit increased by 185.04% year-on-year, attributed to growth in main business revenue and gross profit, along with effective cost control[15]. - Total operating revenue for Q3 2019 was CNY 412,190,490.40, an increase of 8.5% compared to CNY 379,582,777.54 in Q3 2018[43]. - Net profit for Q3 2019 reached CNY 36,708,619.42, a significant increase of 184.5% compared to CNY 12,878,501.76 in Q3 2018[44]. - The total profit for the year-to-date period was CNY 55,796,240.13, compared to CNY 28,014,299.78 in the previous year, indicating a significant increase[52]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,316,290,384.39, a decrease of 3.02% compared to the end of the previous year[7]. - The company's total assets decreased to CNY 1,995,587,659.69 from CNY 2,073,763,758.88, a decline of approximately 3.8%[41]. - The company's total liabilities decreased to CNY 1,049,353,796.12 from CNY 1,172,900,016.89, showing a decline of approximately 10.5%[35]. - Total current liabilities decreased to CNY 740,567,814.24 from CNY 836,327,123.63, a reduction of about 11.5%[35]. - The total equity attributable to shareholders reached CNY 1,183,904,420.19, with total equity including minority interests at CNY 1,215,598,287.78[70]. Cash Flow - The net cash flow from operating activities for the year-to-date was negative CNY 196,616,762.88, a decline of 339.91%[7]. - Operating cash flow for Q3 2019 was a net outflow of CNY 196,616,762.88, worsening from a net outflow of CNY 44,695,180.33 in Q3 2018[60]. - The company reported a cash inflow from operating activities of CNY 1,106,877,771.13, compared to CNY 1,080,186,311.98 in the previous year[60]. - Cash outflow from investing activities totaled CNY 65,279,860.65, significantly down from CNY 161,647,868.35 in the previous period[64]. - Cash inflow from financing activities was CNY 224,261,052.61, compared to CNY 252,005,000.00 in the previous period[64]. Shareholder Commitments - The company reported a commitment to stabilize its stock price if it falls below the net asset value per share within three years post-IPO[19]. - The actual controller and chairman, Yu Wei, has pledged to use at least 15% of his after-tax salary and dividends for stock purchases to support the company's share price[19]. - The company has not violated any commitments regarding stock price stabilization measures as of the report date[19]. - The company reported a commitment to avoid unnecessary related party transactions, ensuring fair pricing based on independent third-party transactions[21]. - The company has committed to not using its shareholder status to harm the interests of the company or other shareholders[22]. Related Party Transactions - The company ensures that any related party transactions are conducted at market prices to protect the interests of minority shareholders[18]. - The company has established strict rules to avoid unnecessary related party transactions[18]. - The company guarantees to comply with legal and regulatory requirements regarding related party transactions and information disclosure[24]. - There are no existing related party relationships between the company and its controlling entities prior to the transaction[24]. - The company has established a clear governance framework to avoid conflicts of interest in related party transactions[24]. Shareholder Structure - The total number of ordinary shareholders at the end of the reporting period was 47,358[11]. - The largest shareholder, Yingtan Yinggao Investment Consulting Co., Ltd., held 21.81% of the shares[11]. - The company’s major shareholder, Eagle High Investment, will not transfer or delegate management of its shares for 36 months post-listing[20]. - The company will strictly adhere to regulations regarding shareholding lock-up and will not engage in any share reduction actions during the lock-up period[20]. - The company has committed to avoiding any illegal occupation of its assets by its major shareholders[20].

Financial Performance - Total revenue for the reporting period was ¥659,756,832.58, an increase of 1.92% compared to ¥647,300,601.64 in the same period last year [28]. - Net profit attributable to shareholders was ¥22,356,565.20, representing a significant increase of 66.85% from ¥13,399,168.19 year-over-year [28]. - The net profit after deducting non-recurring gains and losses was ¥20,512,268.75, up 56.99% from ¥13,065,920.29 in the previous year [28]. - Basic earnings per share increased to ¥0.05, up 66.67% from ¥0.03 in the previous year [28]. - The total profit for the year was 19.51 million yuan, reflecting a year-on-year growth of 32.11% [58]. - The company reported a user effective registration count of 6,250,310 for e-commerce promotion in Q1 and 6,001,986 in Q2 of 2019 [66]. - The total revenue for the first half of 2019 was 1,215 million RMB, representing a decrease of 10.05% compared to the previous period [186]. - The net profit attributable to the parent company was 854 million RMB, down 1,943 million RMB from the previous year, indicating a significant decline [187]. Cash Flow and Financial Health - The company reported a net cash flow from operating activities of -¥254,452,650.29, a decline of 117.30% compared to -¥117,094,718.97 in the same period last year [28]. - The cash flow from operating activities was negative at RMB -254,452,650.29, a decline of 117.30% from RMB -117,094,718.97 in the previous year [77]. - The total cash and cash equivalents at the end of the first half of 2019 was ¥145.64 million, down from ¥190.23 million at the end of the first half of 2018 [180]. - The company reported a net cash outflow from investing activities of -¥37.36 million in the first half of 2019, compared to -¥114.00 million in the same period of 2018 [179]. - The company’s total comprehensive income for the first half of 2019 was -¥17.53 million, an improvement from -¥28.45 million in the same period of 2018 [176]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,260,619,658.50, a decrease of 5.35% from ¥2,388,498,304.67 at the end of the previous year [28]. - The company's total liabilities decreased from CNY 1,172,900,016.89 to CNY 1,014,784,656.89, reflecting a decrease of approximately 13.5% [163]. - The total equity attributable to shareholders was CNY 942,201,701.90 as of mid-2019, down from CNY 951,348,865.42 at the end of 2018 [168]. - The company's cash and cash equivalents decreased from CNY 208,879,367.79 to CNY 80,031,541.91, a decline of about 61.7% [165]. Market and Business Strategy - The company plans to expand through mergers and acquisitions, which will increase asset scale but also pose management and integration challenges [12]. - The company anticipates stable growth in customer demand for 2019, particularly in the financial technology sector, driven by orders from large state-owned commercial banks [36]. - The company is focusing on expanding its service capabilities through mergers and acquisitions, particularly in emerging fields like mobile big data [36]. - The company aims to enhance its business revenue and profitability by leveraging the recovery in demand within the financial technology industry [36]. - The company is focused on leveraging data analysis technologies to enhance its marketing strategies and improve client engagement [8]. Talent and Human Resources - The company faces risks related to talent retention, as the internet marketing industry is highly competitive and requires specialized skills [9]. - The company emphasizes the importance of maintaining core talent to ensure sustainable business development and competitive advantage [13]. - The company is focused on controlling the growth of employee numbers and improving personnel structure to enhance efficiency and reduce project implementation costs [99]. - The company will explore various compensation incentive models to lower employee turnover rates [99]. Regulatory and Compliance - The company is subject to regulatory risks as the internet marketing industry evolves, which could increase operational costs [6]. - The company has committed to fulfilling promises made regarding the transfer of newly acquired shares within a specified period [104]. - The company will ensure that related party transactions would be conducted at fair prices comparable to independent third-party transactions [105]. - The company will comply with legal and regulatory requirements regarding the disclosure of related party transactions [105]. Social Responsibility - The company has actively participated in social responsibility initiatives, including donating computers to over 100 rural schools to enhance educational resources [136]. - The company emphasized its commitment to legal compliance and social contributions, including tax payments and poverty alleviation efforts [136]. - The company plans to continue its poverty alleviation efforts and has outlined future plans for social responsibility [135].

Financial Performance - Total revenue for the reporting period was ¥659,756,832.58, an increase of 1.92% compared to ¥647,300,601.64 in the same period last year[28]. - Net profit attributable to shareholders was ¥22,356,565.20, representing a significant increase of 66.85% from ¥13,399,168.19 year-on-year[28]. - The net profit after deducting non-recurring gains and losses was ¥20,512,268.75, up 56.99% from ¥13,065,920.29 in the previous year[28]. - Basic earnings per share increased to ¥0.05, a rise of 66.67% from ¥0.03 in the same period last year[28]. - The total profit for the year was 19.51 million yuan, showing a year-on-year increase of 32.11%[58]. - The company reported a total revenue of approximately 160.87 million for the first half of 2019, with a net profit of around 21.57 million, reflecting a significant increase compared to the previous period[96]. - The company reported a net profit distribution of 4.542 million yuan to shareholders, consistent with the previous period[189]. - The total comprehensive income for the period was 13,399,000, a decrease of 2.61% compared to the previous period[192]. Cash Flow and Liquidity - The company reported a negative net cash flow from operating activities of ¥254,452,650.29, worsening by 117.30% compared to a negative cash flow of ¥117,094,718.97 last year[28]. - The cash flow from operating activities was negative at RMB -254,452,650.29, a decline of 117.30% from RMB -117,094,718.97 in the previous year, primarily due to payments for prior year payables[77]. - The cash flow from investing activities was also negative at RMB -37,358,634.11, a decrease of 65.59% compared to RMB -114,004,552.60 from the previous year, reflecting reduced acquisition payments[77]. - The company reported a net decrease in cash and cash equivalents of RMB -336,937,439.80, a significant decline of 267.63% from RMB -91,651,331.90 in the previous year, attributed to large procurement payments and loan repayments[77]. - The ending balance of cash and cash equivalents was 145,642,197.91 CNY, down from 190,233,209.36 CNY at the end of the previous year[182]. Operational Efficiency - The company experienced a notable decrease in operating expenses due to improved management efficiency, contributing to faster overall profit growth[58]. - Operating costs amounted to RMB 499,230,674.85, which is a 2.15% increase from RMB 488,731,366.44 in the previous year, indicating that operating costs remained relatively stable[76]. - Research and development expenses were RMB 22,854,520.46, showing a slight increase of 1.60% compared to RMB 22,494,422.05 from the previous year, indicating consistent investment in R&D[77]. - The company reported a financial expense of CNY 12,714,241.89, significantly higher than CNY 5,682,756.37 in the same period last year, primarily due to increased interest expenses[172]. Market and Competitive Landscape - The company recognizes the potential for declining gross margins due to intensified market competition in the mobile big data marketing sector[9]. - The company acknowledges the risk of goodwill impairment during asset acquisitions, which could adversely affect financial performance if future earnings do not meet expectations[15]. - The company is subject to regulatory risks as the internet marketing industry evolves, which may increase operational costs and hinder business activities[6]. - The company emphasizes the importance of expanding quality client relationships and media channel resources to maintain competitive advantage in a rapidly evolving market[9]. - The company is actively pursuing mergers and acquisitions to enhance service capabilities and expand its industry chain[36]. Strategic Focus and Future Plans - The company plans to avoid cash dividends, stock bonuses, or capital increases from reserves, indicating a focus on reinvestment[16]. - The company aims to leverage opportunities in the recovering financial technology market to improve revenue and profitability in 2019[36]. - The company plans to continue expanding its financial cloud business and enhance its system integration and solution capabilities in the banking sector[60]. - The company is focusing on integrating high-quality targets through mergers and acquisitions in the internet marketing and big data sectors, which requires strong management capabilities[97]. - The company plans to focus on new product development and market expansion strategies in the upcoming periods[188]. Governance and Compliance - The company reported that all board members attended the meeting to review the semi-annual report, ensuring governance and oversight[5]. - The company has no significant equity investments or major non-equity investments during the reporting period[88]. - The company did not sell any significant assets during the reporting period[93]. - The company strictly adhered to commitments and did not violate any promises as of the end of December 2016[105]. - There have been no violations of commitments by major shareholders, indicating strong governance and compliance[110]. Talent Management - The company faces risks related to talent retention, as the internet marketing industry is highly competitive and requires specialized skills to maintain core competitiveness[9]. - The company emphasizes the importance of talent as a valuable asset and is committed to enhancing employee training and development[98]. - The company is exploring diverse compensation incentive models to reduce employee turnover rates as it expands its business scale[99]. - The company aims to control the growth of employee numbers while improving personnel efficiency and reducing project implementation costs through better management processes[99].

Financial Performance - Total operating revenue for Q1 2019 was CNY 316,758,431.92, an increase of 8.64% compared to CNY 291,559,211.70 in the same period last year[8] - Net profit attributable to shareholders was CNY 5,088,724.93, representing a significant increase of 296.54% from CNY 1,283,296.51 year-on-year[8] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 4,803,117.78, up 265.00% from CNY 1,315,920.26 in the previous year[8] - Basic earnings per share increased to CNY 0.01, a rise of 233.33% from CNY 0.003 in the same period last year[8] - In Q1 2019, the company's net profit increased by 296.54% compared to the same period last year, continuing the rapid growth trend from 2018[16] - Net profit for Q1 2019 reached CNY 2,516,547.43, compared to CNY 2,335,765.31 in Q1 2018, indicating a year-over-year increase of 7.8%[33] Assets and Liabilities - Total assets decreased by 3.19% to CNY 2,312,256,455.02 from CNY 2,388,498,304.67 at the end of the previous year[8] - The company's total assets decreased to CNY 2,004,080,518.86 as of March 31, 2019, down from CNY 2,073,763,758.88 at the end of 2018[30] - The total current assets decreased to ¥1,167,111,070.62 from ¥1,238,150,756.39, reflecting a reduction in cash and cash equivalents[23] - The total liabilities decreased to ¥1,094,714,099.94 from ¥1,172,900,016.89, showing improved financial stability[24] - Total liabilities decreased to CNY 1,057,427,766.37 from CNY 1,122,414,893.46, representing a reduction of 5.8%[29] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 229,436,233.61, worsening by 181.68% compared to a net outflow of CNY 81,452,033.66 in the same period last year[8] - The company's cash and cash equivalents dropped to ¥191,214,772.96 from ¥389,459,678.51, indicating a significant cash outflow during the period[22] - The company's cash and cash equivalents dropped significantly to CNY 76,178,202.04 from CNY 208,879,367.79, a decrease of 63.6%[27] - The net cash flow from operating activities was -136,064,789.74 CNY, compared to -62,287,366.38 CNY in the previous period, indicating a decline of approximately 118% in cash flow performance[42] - Total cash inflow from operating activities was 151,345,813.23 CNY, down from 169,042,133.45 CNY, reflecting a decrease of about 10.2%[42] - Cash outflow from operating activities increased to 287,410,602.97 CNY from 231,329,499.83 CNY, representing an increase of approximately 24.3%[42] Expenses - Sales expenses decreased by 25.74% year-on-year, attributed to personnel adjustments following organizational changes[15] - Financial expenses increased by 36.66% year-on-year, mainly due to interest payments on loans[15] - Investment income decreased by 47.77% year-on-year, primarily due to losses from associated companies in the first quarter[15] - Research and development expenses decreased to ¥5,734,087.07 from ¥6,571,822.99, a decline of about 13%[35] - The company incurred financial expenses of ¥5,903,084.32, an increase from ¥3,535,227.64, reflecting a rise of approximately 67%[35] Investments - The company’s long-term investments decreased slightly, with long-term equity investments at ¥17,765,672.51 compared to ¥19,470,173.62 in the previous quarter[23] - The company’s prepayments increased to ¥42,195,538.77 from ¥46,866,863.22, indicating ongoing investments in future operations[22] - Investment activities resulted in a net cash outflow of -¥3,176,593.85, slightly improved from -¥3,656,383.99 in the previous period[41] Comprehensive Income - The company reported a total comprehensive income of CNY 1,955,204.68 for Q1 2019, down from CNY 2,104,102.01 in the previous year[34] - The total comprehensive income for the current period is -¥4,794,812.93, compared to -¥15,124,395.45 in the previous period, showing a notable improvement[38] Management and Strategy - The company plans to strengthen cash management and control cash outflows to improve operational efficiency[16] - The company did not receive any cash from investment recovery or other investment-related activities during the period[42] - The company has not undergone an audit for the first quarter report[44] - The company did not apply new financial instrument standards or new revenue standards for the first quarter[44]

Financial Performance - The company's operating revenue for 2018 was ¥1,591,919,566.49, representing a 20.61% increase compared to ¥1,319,908,536.31 in 2017[24]. - The net profit attributable to shareholders for 2018 was ¥104,546,602.00, a significant increase of 198.53% from ¥35,020,479.85 in 2017[24]. - The net cash flow from operating activities improved to ¥238,019,446.82 in 2018, a 395.87% increase from -¥80,447,949.20 in 2017[24]. - The company achieved a basic earnings per share of ¥0.23 in 2018, up 187.50% from ¥0.08 in 2017[24]. - Total assets at the end of 2018 were ¥2,388,498,304.67, reflecting a 6.75% increase from ¥2,237,414,688.65 at the end of 2017[24]. - The net profit after deducting non-recurring gains and losses for 2018 was ¥60,356,466.24, a 76.22% increase from ¥34,251,376.41 in 2017[24]. - In 2018, the company achieved total revenue of CNY 1,591.92 million, representing a year-on-year growth of 20.61%[55]. - The net profit attributable to shareholders was CNY 1,045.47 million, a significant increase of 198.53% year-on-year, primarily due to the consolidation of acquired entities and increased revenue from core business[55]. Market and Business Expansion - The company is focused on expanding its market presence through mergers and acquisitions, which may test its management capabilities[9]. - The company has expanded its business into mobile internet marketing and big data technology, acquiring two companies in 2018 to enhance its product line and performance[34]. - The company is actively expanding into emerging business areas such as small and medium-sized banks and securities markets[42]. - The company plans to continue focusing on financial cloud services and enhance its core system solutions in the banking sector in 2019[56]. - The company is transitioning from a single financial information industry to a diversified main business development model[131]. - The company anticipates continued recovery in the financial technology market in 2019 and will increase resource investment to capture more market share[132]. Talent Management and Retention - The company emphasizes the importance of retaining core talent, as the loss of key personnel could adversely affect business development[9]. - The company recognizes the risks associated with talent retention in a competitive industry, emphasizing the need for effective talent management strategies[9]. - The company has a strong talent pool with a blend of IT technology, banking business knowledge, and industry management experience[48]. Risks and Challenges - The company faces risks from rising media procurement costs due to increasing demand for quality media resources in the mobile internet marketing industry[6]. - The company is exposed to risks related to market competition, which may lead to a decline in gross profit margins[7]. - The company acknowledges the potential impact of industry trends and policy changes on its financial information services business[8]. - The company has established internal control management systems to mitigate the risk of goodwill impairment from acquisitions[10]. Research and Development - The company has developed a "baseline R&D management model" to improve project implementation efficiency and respond quickly to complex customization needs[50]. - The total R&D investment for 2018 was ¥48,110,165.19, accounting for 3.02% of operating revenue, a decrease from 4.93% in 2017[109]. - The company launched the Tanyun Dual-Mode Cloud Management Platform in 2018, enhancing user experience and supporting multiple underlying virtual computing, storage, and network resources[106]. - The company is committing to investing 100 million RMB in research and development over the next two years to foster innovation[151]. Shareholder and Dividend Policies - The company reported a cash dividend of 0.36 RMB per 10 shares, with a total base of 446,787,857 shares[12]. - The cash dividend represents 15.38% of the net profit attributable to the company's ordinary shareholders for the year 2018[142]. - The company has a policy to distribute at least 15% of the distributable profit as cash dividends when profitable and without major investment plans[138]. - The company has a consistent cash dividend policy that aims to protect the interests of shareholders, especially minority shareholders[137]. - The company did not distribute any dividends in 2017 due to negative net profit and significant cash outflows for acquisitions and loan repayments[141]. Compliance and Governance - The company has committed to maintaining transparency in related party transactions and ensuring that they are conducted at market prices[145]. - The company has established that there will be no related party transactions that could harm the interests of the company and its shareholders, adhering to fair pricing principles[145]. - The company has adhered to all commitments made by shareholders and has not encountered any violations of these commitments[154]. - The company will ensure compliance with local and domestic laws during the establishment and dissolution of its offshore listing structure[147]. Future Outlook - The company provided guidance for the next fiscal year, projecting a revenue growth of 25% and aiming to reach 1.875 billion RMB[148]. - New product launches are expected to contribute an additional 300 million RMB in revenue, with a focus on enhancing software capabilities[149]. - The management emphasized a focus on sustainable growth and innovation as key drivers for future performance[149].

Financial Performance - Operating revenue for the period reached CNY 379,582,777.54, representing a year-on-year increase of 21.93%[8] - Net profit attributable to shareholders increased by 65.21% to CNY 11,376,129.13 for the period[8] - The net profit after deducting non-recurring gains and losses rose by 57.20% to CNY 10,917,483.15[8] - Total operating revenue for Q3 2018 reached CNY 379,582,777.54, an increase of 21.9% compared to CNY 311,320,509.73 in the same period last year[31] - Net profit for Q3 2018 was CNY 12,878,501.76, compared to CNY 7,422,877.01 in Q3 2017, representing a year-over-year increase of 73.1%[33] - Net profit for the period was ¥28,923,260.61, compared to ¥12,178,808.02 in the same period last year, representing a growth of 137.5%[41] - The total comprehensive income for Q3 2018 was CNY 13,715,251.11, significantly higher than CNY 6,997,626.50 in Q3 2017, marking an increase of 96.8%[34] Assets and Liabilities - Total assets increased by 6.73% to CNY 2,387,985,155.78 compared to the end of the previous year[8] - Total liabilities rose from ¥1,143,742,904.58 to ¥1,255,754,595.28, indicating an increase of about 9.8%[26] - The company's equity attributable to shareholders increased from ¥1,076,292,184.11 to ¥1,102,364,447.25, a rise of approximately 2.4%[26] - The company's total current assets increased from ¥1,030,984,655.01 to ¥1,182,595,994.89, reflecting a growth of approximately 14.7%[24] - The company's total assets decreased to CNY 1,925,359,407.61 from CNY 1,998,524,915.31, a decline of 3.7%[30] - Total liabilities decreased slightly to CNY 1,036,557,208.72 from CNY 1,053,014,628.96, a reduction of 1.6%[30] Cash Flow - Cash flow from operating activities showed a significant decline, with a net outflow of CNY 44,695,180.33, down 80.14% year-on-year[8] - The net cash flow from operating activities was -44,695,180.33 CNY, an improvement from -225,000,155.75 CNY in the previous year, showing a significant reduction in cash outflow[46] - Cash and cash equivalents at the end of the period totaled 267,005,364.57 CNY, compared to 144,914,586.99 CNY at the same time last year, reflecting an increase of approximately 84.5%[49] - The company reported a total cash inflow from financing activities of 390,354,547.50 CNY, compared to 316,858,629.00 CNY in the previous year, marking an increase of about 23.1%[48] - The cash outflow from investment activities was 142,606,764.04 CNY, down from 194,074,159.91 CNY, indicating a decrease of approximately 26.5%[48] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 46,399[12] - The top shareholder, Yingtan Yinggao Investment Consulting Co., Ltd., holds 31.49% of the shares[12] Expenses and Costs - Operating costs for the same period were CNY 367,891,792.97, up from CNY 305,038,260.80, reflecting a growth of 20.7%[31] - Research and development expenses for Q3 2018 were CNY 9,481,277.08, compared to CNY 9,168,005.38 in the previous year, showing a growth of 3.4%[31] - Financial expenses for the period were ¥22,458,240.67, up from ¥14,761,166.46, primarily due to increased interest expenses[40] - The company experienced an asset impairment loss of ¥15,093,907.31, compared to ¥5,444,907.66 in the previous period, indicating potential challenges in asset management[40] Investment Activities - The company's long-term equity investments increased by 31.85% due to additional investments in CITIC Technology[16] - The company reported an investment income of CNY 789,506.95, compared to a loss of CNY 295,806.11 in the same period last year[33] - Investment income showed a loss of ¥1,204,065.43, worsening from a loss of ¥296,870.24 in the prior period[41] Market Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[41] Audit and Compliance - The report for Q3 2018 was not audited, which may affect the reliability of the financial data presented[53]

Financial Performance - Total revenue for the reporting period reached ¥647,300,601.64, representing a 22.58% increase compared to ¥528,074,505.08 in the same period last year[26]. - Net profit attributable to shareholders was ¥13,399,168.19, a significant increase of 200.23% from ¥4,463,000.77 in the previous year[26]. - The net profit after deducting non-recurring gains and losses was ¥13,065,920.29, reflecting a 618.63% increase from ¥1,818,160.68 year-on-year[26]. - The company reported a net cash flow from operating activities of -¥104,779,555.87, an improvement of 49.99% compared to -¥209,537,056.50 in the previous year[26]. - Total assets at the end of the reporting period were ¥2,340,923,580.61, up 4.63% from ¥2,237,414,688.65 at the end of the previous year[26]. - The company achieved total revenue of 647.30 million yuan, representing a year-on-year growth of 22.58%[56]. - The total profit reached 14.76 million yuan, with a remarkable year-on-year increase of 998.91%[56]. - Revenue from the banking sector was 408.09 million yuan, showing a year-on-year increase of 32.33%[58]. - Revenue from the securities sector was 18.72 million yuan, with a year-on-year growth of 15.66%[59]. - Revenue from the insurance sector was 14.86 million yuan, experiencing a decline of 43.89% year-on-year[60]. - Revenue from other financial services increased to 21.68 million yuan, marking a year-on-year growth of 3.61%[61]. Strategic Focus - The company plans to avoid cash dividends, stock bonuses, or capital increases from reserves, indicating a focus on reinvestment rather than shareholder payouts[14]. - The company emphasizes the importance of expanding quality client relationships and media channel resources to maintain competitive advantage in a rapidly evolving market[8]. - The company is focused on enhancing its management capabilities to handle the challenges associated with external expansion and acquisitions[10]. - The company plans to enhance service capabilities and delivery efficiency, focusing on user innovation needs and product customization[35]. - The company aims to deepen its understanding of user business needs and strengthen its consulting teams for various solutions[35]. - The company is actively pursuing external collaborations to develop financial cloud services in response to the latest industry technologies and applications[35]. - The company is focusing on market expansion and new product development strategies to enhance future growth prospects[83]. Risks and Challenges - The company reported a significant increase in media procurement costs due to the rising demand for quality media resources, which could impact client advertising budgets and overall business performance[7]. - The company faces risks related to talent retention, as the internet marketing industry is highly competitive and requires specialized skills to maintain core competitiveness[8]. - The company acknowledges the risk of goodwill impairment during asset acquisitions, which could adversely affect financial performance if future earnings do not meet expectations[13]. - The company is subject to regulatory risks as the internet marketing industry evolves, with potential changes in laws and policies that could increase operational costs[5]. - The company recognizes the potential for declining gross margins due to increased competition in the mobile big data marketing sector[8]. Operational Efficiency - The company has strengthened internal controls and reduced expenses since 2017, optimizing resource allocation and enhancing team morale through internal entrepreneurship and innovation[43]. - The company completed a major asset restructuring in 2016 by acquiring Shanghai Ruimin, enhancing its service capabilities and enriching its industry chain[36]. - The company has established a comprehensive financial industry client base, including policy banks, state-owned commercial banks, and various financial institutions, enhancing its brand reputation and customer resource advantages[47]. - The company provides a "product + service" business model that meets various IT needs of financial clients throughout the IT system lifecycle[40]. - The company has developed a strong competitive advantage in mobile internet marketing through its subsidiaries, leveraging big data for precise advertising targeting[42]. Shareholder Commitments - The company has committed to not distributing cash dividends or issuing bonus shares for the half-year period[116]. - The company has set profit targets for its subsidiary, requiring net profits of at least 20 million, 26 million, and 33.8 million yuan for the years 2016, 2017, and 2018 respectively, with compensation for any shortfall[118]. - The net profit for the year 2017 is expected to be no less than 30 million yuan, for 2018 no less than 39 million yuan, and for 2019 no less than 50.7 million yuan[119]. - The projected net profit for the year 2020 is no less than 54.7 million yuan[119]. - The company has committed to avoiding any direct or indirect competition with its subsidiaries[119]. - The company will ensure that related party transactions are conducted at fair prices comparable to independent third parties[119]. - The company has established a commitment to disclose related party transactions in accordance with relevant laws and regulations[119]. - The company aims to minimize related party transactions post-acquisition to protect shareholder interests[119]. - The company has a clear strategy to avoid conflicts of interest in business opportunities[119]. Compliance and Legal Matters - The semi-annual financial report was not audited, indicating that the financial data may not have undergone external verification[128]. - There were no significant litigation or arbitration matters during the reporting period, reflecting a stable legal environment for the company[130]. - The company did not experience any penalties or rectification situations during the reporting period, suggesting compliance with regulations[131]. - There were no significant related party transactions during the reporting period[134]. - The company did not engage in any asset or equity acquisitions or sales during the reporting period[135]. - The company has not initiated any poverty alleviation programs during the reporting period and has no plans for future initiatives[147]. - The company did not report any significant environmental protection issues during the reporting period[147]. - The company has committed to fair pricing in any transactions with independent third parties[123]. Share Structure and Changes - The total number of shares decreased from 449,866,257 to 447,248,657 due to the repurchase and cancellation of 2,617,600 restricted shares[153]. - The proportion of restricted shares decreased from 40.21% to 4.60%, while unrestricted shares increased from 59.79% to 95.40%[153]. - The largest shareholder, Yingtan Yinggao Investment Consulting Co., held 31.49% of the shares, totaling 140,843,740 shares, with a reduction of 138,329,600 shares released from restrictions[159]. - The company plans to release 160,345,600 restricted shares, which will significantly impact the shareholding structure[156]. - The overall shareholding structure reflects a significant shift towards unrestricted shares, enhancing liquidity for investors[153].

Financial Performance - The company's operating revenue for 2017 was ¥1,319,908,536.31, representing a 35.70% increase compared to ¥972,683,347.16 in 2016[26]. - The net profit attributable to shareholders for 2017 was ¥35,020,479.85, a 51.54% increase from ¥23,109,577.54 in 2016[26]. - The net cash flow from operating activities for 2017 was -¥80,447,949.20, a decrease of 251.99% compared to ¥52,930,225.58 in 2016[26]. - The total assets at the end of 2017 amounted to ¥2,237,414,688.65, reflecting a 31.64% increase from ¥1,699,676,083.84 at the end of 2016[26]. - The basic earnings per share for 2017 was ¥0.08, a 60.00% increase from ¥0.05 in 2016[26]. - The weighted average return on equity for 2017 was 3.30%, up from 3.06% in 2016[26]. - The company reported a net profit of ¥23,671,479.43 in Q4 2017, following a net loss of ¥14,511,339.99 in Q1 2017[28]. - In 2017, the company achieved total revenue of CNY 1,319.91 million, a year-on-year increase of 35.70%[56]. - The net profit attributable to shareholders reached CNY 350.21 million, reflecting a significant growth of 51.54% compared to the previous year, primarily due to acquisitions and increased revenue from core business[56]. Acquisitions and Restructuring - The company completed a significant asset restructuring in 2017 by acquiring KuaiDu Technology to enhance its mobile internet marketing capabilities[35]. - The company actively expanded its product line by acquiring two companies, Jianguo Technology and Shanghe Technology, in 2016[35]. - The acquisition of 100% equity in Shanghai Ruimin in 2016 strengthened the company's market share in financial information services, particularly in payment, microfinance, and financial asset exchange sectors[42]. - The company completed a significant asset restructuring in 2017, acquiring 100% equity in Kuaidu Technology, which contributed significantly to overall performance[42]. - The company made a major equity investment of ¥414 million in KuaiDu Company, acquiring 100% ownership[125]. - The company also established a new entity in partnership with Zhongxin Technology, investing ¥15 million for a 30% stake[125]. Risks and Challenges - The company faces risks from rising media procurement costs due to increasing demand for internet marketing, which may impact client spending and overall performance[12]. - The company acknowledges the risk of talent loss in the competitive internet marketing industry, which could adversely affect its operational development[9]. - The company is exposed to risks from external expansion and acquisitions, which may challenge its management capabilities and operational efficiency[8]. - The company highlighted the risk of goodwill impairment due to potential underperformance of acquired assets, which could negatively impact its financial results[10]. - The company noted the increasing competition in the mobile big data marketing sector, which could lead to declining gross margins if it fails to attract quality clients and enhance its core competitiveness[11]. - The company emphasized the impact of industry trends and policy changes on its operations, particularly in the financial information services sector[5]. Research and Development - The company has been focusing on IT solutions for financial enterprises, including banks, insurance, and securities firms[35]. - The company has developed a complete range of IT solutions for the financial sector, achieving high market competitiveness and share in credit management systems and core business systems[47]. - The company emphasizes continuous technological and business innovation, maintaining a focus on productization in the IT industry[45]. - The company has a strong talent pool with a blend of IT expertise and banking knowledge, essential for developing complex banking information systems[49]. - The R&D investment for 2017 amounted to ¥65,053,129.30, representing 4.93% of operating revenue, a decrease from 8.08% in 2016[114]. - The number of R&D personnel increased to 289 in 2017, accounting for 9.37% of the total workforce, up from 8.71% in 2016[113]. Cash Dividends and Shareholder Policies - The company reported a cash dividend of 0.00 RMB per 10 shares and no bonus shares, with a capital reserve transfer of 0 shares per 10 shares[14]. - The company reported a net profit of negative value for the fiscal year 2017, thus not meeting the conditions for cash dividends[155]. - The cash dividend policy mandates a minimum cash distribution of 15% of the distributable profit when the company is profitable, but no cash dividends were distributed in 2017[150]. - The total distributable profit for the year was 282,013,452.37 CNY, with cash dividends accounting for 0.00% of the total profit distribution[153]. - The company plans to retain undistributed profits to support future operational needs, given the anticipated large cash expenditures for acquisitions and loan repayments[155]. - The company emphasizes the protection of shareholder interests, particularly for minority shareholders, in its dividend policy[150]. Market and Industry Trends - The mobile marketing industry is projected to exceed CNY 300 billion in market size by 2018, following a growth rate of over 160% from 2013 to 2015[62]. - The banking sector saw a recovery in customer order volume, particularly from small and medium-sized banks, with expectations for stable or growing demand in 2018[58]. - The company established a nationwide marketing and service network, enhancing customer response speed and service quality across various regions in China[52]. Related Party Transactions and Compliance - The company emphasizes the importance of fair pricing in related party transactions, ensuring that prices are determined based on similar transactions with independent third parties[159]. - The company commits to avoiding any illegal occupation of its funds and assets, and will not request any form of guarantee from the listed company[163]. - The company will strictly adhere to market principles in related party transactions, aiming to minimize unnecessary related transactions[163]. - The company has established a commitment to disclose related party transaction information in accordance with relevant laws and regulations[160]. - The company will ensure that related party transactions do not harm the legal rights of the listed company and its shareholders[160]. Financial Health and Asset Management - Cash and cash equivalents at the end of 2017 amounted to ¥247.78 million, representing 11.07% of total assets, a decrease of 4.24% from 2016[120]. - Accounts receivable increased to ¥548.59 million, accounting for 24.52% of total assets, up 1.47% due to extended collection periods and changes in the scope of consolidation[120]. - Inventory rose to ¥103.61 million, making up 4.63% of total assets, an increase of 1.66% attributed to changes in consolidation scope and concentrated year-end purchases[120]. - Goodwill increased to ¥919.02 million, representing 41.08% of total assets, a rise of 6.59% due to the acquisition of KuaiDu Company[121]. - Long-term borrowings reached ¥52.81 million, accounting for 2.36% of total liabilities, an increase of 0.45% related to acquisition loans maturing in one year[120]. Corporate Governance and Shareholder Engagement - The company reported that all board members attended the meeting to review the annual report, ensuring accountability for its accuracy and completeness[4]. - The company has not conducted any investor communications or interviews during the reporting period[148]. - The company will participate in shareholder meetings equally and exercise corresponding rights while fulfilling obligations[160]. - The company has committed to long-term holding of its shares and will strictly adhere to relevant regulations regarding share lock-up and reduction[170].

Financial Performance - The company reported a total revenue of 447,248,657 RMB for the year 2017, with no cash dividends distributed to shareholders[9]. - The company's operating revenue for 2017 was ¥1,319,908,536.31, representing a 35.70% increase compared to ¥972,683,347.16 in 2016[21]. - The net profit attributable to shareholders for 2017 was ¥35,020,479.85, a 51.54% increase from ¥23,109,577.54 in 2016[21]. - The net profit after deducting non-recurring gains and losses was ¥34,251,376.41, up 43.85% from ¥23,810,143.47 in 2016[21]. - The total assets at the end of 2017 reached ¥2,237,414,688.65, a 31.64% increase from ¥1,699,676,083.84 at the end of 2016[21]. - The basic earnings per share for 2017 was ¥0.08, reflecting a 60.00% increase from ¥0.05 in 2016[21]. - The company reported a negative net cash flow from operating activities of ¥80,447,949.20 in 2017, a decline of 251.99% compared to ¥52,930,225.58 in 2016[21]. - The company achieved total revenue of CNY 1,319.91 million in 2017, representing a year-on-year growth of 35.70%[51]. - Net profit attributable to shareholders reached CNY 350.21 million, a significant increase of 51.54% year-on-year, primarily due to the consolidation of acquired entities and increased revenue from core business[51]. Acquisitions and Restructuring - The company completed a major asset restructuring in 2017 by acquiring Kuaidu Technology to enhance its mobile internet marketing capabilities[30]. - The company is actively expanding its product line in mobile internet marketing and big data technology through acquisitions[30]. - The company completed a major asset restructuring by acquiring 100% of KuaiDu Technology, which contributed significantly to overall performance[37]. - The company has made significant equity investments, including a new establishment with a 30% stake in a software and information service firm, indicating a strategic focus on expanding its service offerings[111]. Risks and Challenges - The company faces risks from the financial information service industry due to potential reductions in IT investments by financial institutions, which could adversely affect operations[5]. - The mobile internet marketing industry is experiencing rising media resource costs, which may impact procurement expenses if prices increase too rapidly[5]. - The company acknowledges the risk of legal and regulatory changes in the emerging mobile internet marketing sector, which could increase operational costs[6]. - The company has a risk of management system inadequacies due to rapid growth in asset scale from external expansions[8]. - The company emphasizes the importance of retaining core talent, as personnel turnover could negatively impact business development[9]. - The company operates in a talent-driven industry, making talent retention and development a critical challenge[9]. Research and Development - The company’s R&D investment amounted to ¥65,053,129.30, representing 4.93% of total revenue, a decrease from 8.08% in 2016[99]. - The number of R&D personnel increased to 289 in 2017, accounting for 9.37% of the total workforce, up from 8.71% in 2016[99]. - The company is investing in new technology development, allocating 200 million RMB towards R&D initiatives aimed at improving software capabilities[159]. - The company plans to enhance its new credit business system and complete additional functionalities in 2018, including loan applications and anti-fraud measures[95]. Market and Industry Trends - The mobile marketing industry in China is projected to exceed 300 billion yuan in market size by 2018, following a growth rate of over 160% from 2013 to 2015[57]. - In 2017, the banking sector saw a recovery in customer order volume, particularly among small and medium-sized banks, with expectations for stable or moderate growth in 2018[53]. - The securities sector achieved diversification in clients and product lines in 2017, with a focus on expanding new clients and promoting existing solutions to more mid-to-large securities firms in 2018[54]. - The insurance sector maintained stable operations in 2017, with plans to enhance existing products and services while seeking future growth points in 2018[55]. Financial Information Services - The company’s financial information services include IT solutions, IT operation services, and system integration services for financial enterprises[30]. - The gross margin for the financial information service business remained stable in 2017, supported by the acquisition of 100% equity in Shanghai Ruimin, enhancing market share in the financial information service sector[37]. Shareholder and Dividend Policies - The company’s profit distribution policy emphasizes reasonable returns to investors, with a minimum cash dividend of 15% of distributable profits in profitable years[137]. - In 2017, the company did not distribute any cash dividends due to a negative net profit and significant cash outflows for acquisitions and loan repayments[142]. - The company’s available distributable profits for the reporting period were RMB 282,013,452.37, with a cash dividend ratio of 0.00%[140]. - The company has committed to strictly implementing its cash dividend policy to protect the interests of shareholders, especially minority shareholders[137]. Compliance and Governance - The company guarantees that related party transaction prices will be determined based on prices from independent third parties for similar transactions, ensuring fairness[147]. - The company will adhere to legal regulations and company procedures regarding related party transactions, ensuring transparency and compliance[148]. - The company has established a commitment to disclose information regarding related party transactions in accordance with legal requirements[147]. - The company has a long-term commitment to maintain the integrity of its operations and avoid conflicts of interest[146]. Future Outlook - The company provided guidance for the next fiscal year, projecting a revenue growth of 25% and aiming to reach 1.875 billion RMB[157]. - New product launches are expected to contribute an additional 300 million RMB in revenue, with a focus on enhancing user experience and expanding market reach[158]. - The company plans to seek deep cooperation and resource exchange with industry giants to lay a solid foundation for future business development[132]. - In 2018, the company forecasts an active market opportunity in the banking technology sector and will increase resource investment to gain more market share[133].