Financial Performance - The company's revenue for Q3 2022 was ¥160,698,340.42, representing a year-over-year increase of 7.54%[5] - The net profit attributable to shareholders decreased by 6.02% to ¥22,728,938.51 in Q3 2022, while the year-to-date net profit increased by 4.69% to ¥56,013,852.74[5] - The basic earnings per share for Q3 2022 was ¥0.0428, down 9.70% compared to the same period last year[5] - Total operating revenue for the period reached CNY 485,217,668.60, an increase of 7.7% compared to CNY 452,047,777.73 in the previous period[17] - Net profit for the period was CNY 56,013,852.74, representing a growth of 2.8% from CNY 53,506,828.25 in the same period last year[18] - Basic and diluted earnings per share were both CNY 0.1060, slightly up from CNY 0.1049 in the previous period[19] - The company reported a total comprehensive income of CNY 62,579,779.09, an increase from CNY 52,927,906.53 year-on-year[19] Assets and Liabilities - Total assets at the end of Q3 2022 reached ¥1,694,600,213.25, a 30.48% increase from the end of the previous year[5] - Total liabilities amounted to CNY 78,786,344.82, a decrease from CNY 105,830,589.90[18] - Total current liabilities decreased to ¥66,331,939.28 from ¥97,425,075.67, a reduction of 31.94%[14] - Total equity attributable to shareholders increased by 35.45% to ¥1,615,813,868.43 compared to the end of the previous year[5] - Total equity attributable to shareholders reached CNY 1,615,813,868.43, up from CNY 1,192,951,351.99, reflecting a growth of 35.4%[18] Cash Flow - The company's cash flow from operating activities improved by 60.51%, amounting to -¥27,954,318.23, due to increased collections from accounts receivable[8] - Cash inflow from operating activities totaled CNY 445,255,374.97, compared to CNY 392,412,844.84, indicating an increase of 13.4%[20] - The net cash flow from operating activities was -27,954,318.23, an improvement from -70,793,676.56 in the previous year[21] - Total cash inflow from financing activities was 389,999,988.69, with a net cash flow of 350,072,439.44, compared to -29,389,639.02 in the same period last year[21] - The net increase in cash and cash equivalents was 345,238,338.44, significantly higher than the decrease of -142,610,215.66 in the previous year[21] - The ending balance of cash and cash equivalents reached 787,210,607.06, up from 334,926,122.11 at the end of the same quarter last year[21] Shareholder Information - Total number of common shareholders at the end of the reporting period is 47,329[10] - The largest shareholder, Yiqun Group Holdings, holds 22.79% of shares, totaling 120,926,510 shares[10] - The company’s actual controller is Mr. Zhou Zhiqun, who holds 100% of the shares of the controlling shareholder, Yiqun Group Holdings[11] Other Income and Expenses - The company reported a significant increase in other income, with operating income rising by 4561.23% to ¥2,775,833.79, primarily from government subsidies[8] - Research and development expenses increased to CNY 71,791,983.98, compared to CNY 64,505,719.71, marking a rise of 11.8%[17] - The company’s financial expenses showed a significant negative change of -686.26%, primarily due to exchange rate fluctuations[8] - Other comprehensive income after tax was CNY 6,565,926.35, compared to a loss of CNY 578,921.72 in the previous period[18] Market Strategy - The company plans to continue expanding its market presence and developing new technologies to enhance its competitive edge[5]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥324,519,328.18, representing a 7.24% increase compared to ¥302,613,875.41 in the same period last year[23]. - Net profit attributable to shareholders was ¥33,284,914.23, up 13.52% from ¥29,321,843.20 year-on-year[23]. - Total operating revenue for the first half of 2022 was CNY 324,519,328, an increase of 7.24% compared to the same period last year[43]. - The company reported a total profit of CNY 46,324,484.21 for the first half of 2022, an increase of 48.2% from CNY 31,257,758.98 in the previous year[150]. - The total comprehensive income for the first half of 2022 was CNY 35,447,930.16, an increase of 12.1% from CNY 31,593,955.11 in the first half of 2021[150]. - The company reported a net profit margin of 8.0%, indicating stable profitability amidst market fluctuations[161]. - The net profit attributable to shareholders was 331 million RMB, with a profit distribution of 1.7 million RMB per share[164]. - The company reported a total comprehensive income of 1.2 billion RMB for the period, reflecting a significant growth in overall financial performance[165]. Cash Flow and Financial Stability - The net cash flow from operating activities improved significantly, with a net outflow of ¥43,177,681.98, a 50.33% reduction from a net outflow of ¥86,932,574.82 in the previous year[23]. - Cash and cash equivalents increased by 332.26% to CNY 311,624,718.47, driven by improved collections and fundraising[43]. - The company reported a significant increase in financing cash flow, which reached CNY 353,207,519.80, a 1,301.81% increase compared to the previous year[43]. - The cash flow from financing activities showed a positive trend with a net cash flow of 356,394,190.68 yuan, contrasting with a negative cash flow of -29,389,639.02 yuan in the same period of 2021[157]. - The total cash inflow from operating activities was 280,237,623.88 yuan, up from 191,871,788.80 yuan in the first half of 2021[156]. - The net increase in cash and cash equivalents for the first half of 2022 was 346,842,318.22 yuan, a significant recovery from -106,408,015.50 yuan in the first half of 2021[157]. Assets and Liabilities - Total assets increased by 27.81% to ¥1,659,922,833.52 from ¥1,298,781,941.89 at the end of the previous year[23]. - The company's total assets as of June 30, 2022, amounted to CNY 1,660,374,843.70, an increase from CNY 1,285,091,285.91 at the beginning of the year[143]. - The total liabilities decreased significantly, reflecting improved financial stability and management[139]. - The total liabilities at the end of the reporting period were 1,757 million RMB, which is a manageable level compared to total assets[168]. Research and Development - Research and development expenses increased by 16.96% to CNY 49,626,513.07[43]. - Research and development expenses for the first half of 2022 were CNY 49,626,513.07, compared to CNY 42,430,184.37 in the same period last year, an increase of 17.5%[146]. - Research and development investments are expected to increase by 10% to support new product innovations and technological advancements[161]. - Research and development expenses accounted for approximately 8.4% of total revenue, highlighting the company's commitment to innovation[164]. Market Strategy and Growth - The company plans to expand its market presence through strategic partnerships and potential acquisitions in the upcoming quarters[160]. - The company is exploring potential mergers and acquisitions to enhance its competitive edge in the market[163]. - The company aims to enhance its research and development capabilities to innovate new technologies[167]. - The company plans to expand its market presence and invest in new product development to drive future growth[171]. Risk Management - The company has outlined potential risk factors and countermeasures in its management discussion section, emphasizing the importance of risk management[5]. - The company faces significant reliance on financial institutions, with a high dependency on their IT investments, which could adversely affect business development if macroeconomic conditions fluctuate[70]. - The company is actively addressing the risk of talent loss and rising labor costs by implementing a comprehensive talent management strategy and fostering a stable team environment[71]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares for this period[5]. - The company has not declared any cash dividends or stock bonuses for the half-year period, indicating a focus on reinvestment[78]. - The company will not distribute personal dividends if commitments are not fulfilled[90]. - The company will publicly apologize to shareholders and investors for any unfulfilled commitments[92]. Corporate Governance - The half-year financial report was not audited, indicating a lack of external validation for the financial data presented[97]. - The company maintained a stable shareholding structure with no significant changes in major shareholders[114]. - There were no significant lawsuits or arbitration matters reported during the period[99]. - The company did not engage in any major related party transactions during the reporting period[100]. Financial Reporting and Compliance - The financial statements are prepared in accordance with the Chinese Accounting Standards, reflecting the company's financial position and operating results accurately[185]. - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired[193]. - Financial instruments are defined as contracts that create financial assets for one party and financial liabilities or equity instruments for another[200].

Financial Performance - The company's revenue for Q1 2022 was CNY 152,362,709.09, representing a 3.84% increase compared to CNY 146,734,864.44 in the same period last year[2] - Net profit attributable to shareholders was CNY 9,159,714.73, up 5.68% from CNY 8,667,406.06 year-on-year[2] - The net profit after deducting non-recurring gains and losses increased by 22.11%, reaching CNY 8,734,402.23 compared to CNY 7,152,995.32 in the previous year[2] - Total operating revenue for Q1 2022 was CNY 152,362,709.09, an increase of 10.9% compared to CNY 146,734,864.44 in Q1 2021[20] - Net profit for Q1 2022 reached CNY 9,159,714.73, compared to CNY 8,667,406.06 in Q1 2021, representing an increase of 5.7%[22] - The company recorded a total comprehensive income of CNY 8,738,411.37 for Q1 2022, compared to CNY 7,960,756.86 in Q1 2021, indicating a growth of 9.8%[23] Assets and Equity - The total assets at the end of the reporting period were CNY 1,677,649,965.66, a 29.17% increase from CNY 1,298,781,941.89 at the end of the previous year[3] - The company's total equity attributable to shareholders rose by 33.31% to CNY 1,590,301,348.77 from CNY 1,192,951,351.99 at the end of the previous year[3] - The total equity attributable to shareholders of the parent company increased to CNY 1,590,301,348.77 from CNY 1,192,951,351.99 year-over-year, marking a growth of 33.4%[21] - The total current liabilities decreased to CNY 80,188,532.77 from CNY 97,425,075.67, showing a reduction of approximately 17.7%[17] Cash Flow - The company's cash flow from operating activities showed an improvement, with a net outflow of CNY 55,143,858.01, which is 18.22% less than the outflow of CNY 67,427,668.67 in the same period last year[2] - The company reported a net cash outflow from operating activities of CNY -55,143,858.01 for Q1 2022, an improvement from CNY -67,427,668.67 in Q1 2021[26] - The cash inflow from operating activities totaled CNY 94,180,222.41 in Q1 2022, down from CNY 101,980,522.18 in the previous year[26] - The net cash increase from operating activities was 328,853,041.12 CNY, compared to a decrease of 72,130,344.66 CNY in the previous year[27] - The net cash flow from financing activities was 387,934,110.40 CNY, contrasting with a negative cash flow of 1,058,597.24 CNY in the same period last year[27] Expenses - Research and development expenses increased by 33.35% to CNY 25,789,087.16 from CNY 19,339,408.00 in the previous year[7] - Total operating costs for Q1 2022 were CNY 142,816,825.19, up from CNY 138,576,094.05 in the same period last year, reflecting a growth of 3.6%[21] Liabilities - The company reported a significant increase in accounts payable, which rose by 92.94% to CNY 2,600,071.35 from CNY 1,347,626.57 in the previous year[6] - Total liabilities as of the end of Q1 2022 were CNY 87,348,616.89, down from CNY 105,830,589.90 at the end of Q1 2021[21] Other Financial Metrics - The weighted average return on net assets decreased to 0.63% from 0.74% year-on-year[2] - Basic and diluted earnings per share for Q1 2022 were both CNY 0.0308, slightly up from CNY 0.0306 in Q1 2021[23] Cash and Liquidity - The company's cash and cash equivalents amounted to CNY 804,580,174.95, up from CNY 475,079,214.38, indicating a significant increase in liquidity[15] - The total cash and cash equivalents at the end of the period amounted to 770,825,309.74 CNY, up from 405,405,993.11 CNY year-over-year[27] Shareholder Information - The major shareholders include Yiqun Group Holdings Co., Ltd. with 69,280,501 shares, representing a significant ownership stake[12] Capital Raising - The company has engaged in a non-public offering of shares, with details disclosed on February 10 and February 26, 2022, indicating ongoing capital raising efforts[13] Inventory and Receivables - Accounts receivable increased to CNY 290,294,304.45 from CNY 231,132,978.91, reflecting a growth of about 25.5%[16] - The company’s inventory decreased to CNY 99,394,016.77 from CNY 103,898,380.03, reflecting a decline of about 4.4%[16] Non-Recurring Items - The company reported a decrease in employee compensation payable from CNY 71,027,323.08 to CNY 63,343,694.19, a reduction of approximately 10.5%[17] Audit Status - The report for the first quarter was not audited[28] Market Strategy - The company did not disclose any new product developments or market expansion strategies in this report[29]

Financial Performance - The company's operating revenue for 2021 was ¥641,544,678.55, representing an increase of 11.77% compared to ¥573,983,631.21 in 2020[25]. - The net profit attributable to shareholders for 2021 was ¥66,757,068.93, a decrease of 10.46% from ¥74,555,031.45 in 2020[25]. - The net cash flow from operating activities increased by 127.80% to ¥25,826,137.65 in 2021, up from ¥11,337,301.62 in 2020[25]. - The total assets at the end of 2021 were ¥1,298,781,941.89, reflecting a growth of 3.76% from ¥1,251,771,470.81 at the end of 2020[25]. - The basic earnings per share for 2021 was ¥0.24, down 7.69% from ¥0.26 in 2020[25]. - The weighted average return on equity for 2021 was 5.68%, a decrease from 6.66% in 2020[25]. - The company reported a net profit of ¥13,250,240.68 in Q4 2021, compared to ¥24,184,985.05 in Q3 2021[28]. - The net profit after deducting non-recurring gains and losses for 2021 was ¥62,660,871.23, a decrease of 5.01% from ¥65,963,440.93 in 2020[25]. Revenue Breakdown - Revenue from consulting, maintenance, and product licensing grew by 19.56% year-on-year, while software development revenue increased by 10.09%[39]. - Domestic revenue amounted to 255.41 million yuan, reflecting a growth of 20.68%, while overseas revenue was 386.14 million yuan, up by 6.57%, accounting for 60.19% of total revenue[39]. - Revenue from software development accounted for ¥591,090,266.30, which is 92.14% of total revenue, with a year-on-year growth of 10.10%[47]. - The company reported a significant increase in system integration revenue, which rose by 185.99% to ¥10,462,086.07[47]. Dividend and Share Capital - The company plans to distribute a total cash dividend of RMB 28,329,105.80, which translates to a cash dividend of RMB 1 per 10 shares (including tax) for all shareholders[12]. - The company will increase its total share capital to 509,923,904 shares after a capital increase of 226,632,846 shares, with a distribution of 8 additional shares for every 10 shares held[13]. - The total cash dividend amount for the year is RMB 28,329,105.80, which accounts for 100% of the distributable profit of RMB 432,442,267.82[125][127]. - The proposed dividend distribution plan includes a cash dividend of RMB 1.00 per 10 shares and a capital reserve increase of 8 shares for every 10 shares held, resulting in a total of 226,632,846 new shares[127]. Risk Management - The company faces significant risks due to high reliance on financial institutions, particularly in the context of potential economic fluctuations and changes in management systems[6]. - The company is actively working to mitigate risks associated with talent retention and rising labor costs, emphasizing the importance of a stable and skilled workforce[8]. - The company is expanding its global presence, with a significant portion of its business now overseas, which introduces risks related to international political and economic instability[9]. - The company is implementing measures to address the uncertainties posed by the ongoing pandemic, ensuring employee safety and business continuity[11]. Research and Development - The company is committed to continuous R&D investment to maintain its core competitiveness and plans to develop innovative fintech products, including distributed systems and blockchain technologies[7]. - The number of R&D personnel increased to 918 in 2021, representing a 27.15% increase from 722 in 2020[71]. - R&D investment amounted to ¥84,755,461.76 in 2021, accounting for 13.21% of operating revenue, a decrease from 13.88% in 2020[72]. - The company has invested in new technologies such as blockchain and artificial intelligence to enhance its capabilities in digital transformation for banks[42]. Corporate Governance - The company held three shareholder meetings during the reporting period, utilizing a combination of online and in-person voting to facilitate participation[91]. - The board of directors consists of seven members, including three independent directors, and has established various committees to ensure effective governance[92]. - The company has implemented a transparent performance evaluation and incentive mechanism for its directors and senior management[93]. - The company maintains independence from its controlling shareholder, with no instances of fund occupation or guarantees provided to the controlling shareholder[96]. Market Position and Strategy - The company recognizes the increasing competition in the fintech market and is focused on enhancing its market position through technological advancements and customer understanding[6]. - The company aims to improve customer experience by providing seamless, customized financial products and services across various channels[87]. - The company aims to maintain its first-mover advantage in central bank digital currency and cross-border payments, leveraging its research and implementation experience[88]. - The company is focused on digital transformation and enhancing its financial services through innovative technologies and modular service platforms[86]. Compliance and Social Responsibility - The company adheres to legal regulations and emphasizes the importance of both economic and social benefits in its operations[139]. - The company is actively involved in poverty alleviation and rural revitalization through the "Nong e Loan" project, which utilizes big data for risk assessment and provides online loans to farmers[140]. - The company has not faced any significant environmental penalties or issues during the reporting period[138]. - The company has established a comprehensive internal control system to ensure compliance and safeguard assets, with no significant internal control deficiencies reported during the period[130][133].

Financial Performance - The company's revenue for Q3 2021 was ¥149,433,902.32, representing a 4.46% increase year-over-year, while the year-to-date revenue reached ¥452,047,777.73, up 14.41% compared to the same period last year [2] - Net profit attributable to shareholders for Q3 2021 was ¥24,184,985.05, a decrease of 4.93% year-over-year, with a year-to-date net profit of ¥53,506,828.25, reflecting a 5.10% increase [2] - The basic and diluted earnings per share for Q3 2021 were both ¥0.0854, down 4.90% from the previous year, while the year-to-date earnings per share was ¥0.1889, up 5.18% [2] - Total operating revenue for Q3 2021 was CNY 452,047,777.73, an increase of 14.4% compared to CNY 395,116,325.77 in Q3 2020 [17] - Net profit for Q3 2021 reached CNY 53,506,828.25, representing a 5.2% increase from CNY 50,908,880.18 in Q3 2020 [18] - The total comprehensive income for Q3 2021 was CNY 52,927,906.53, an increase from CNY 43,852,287.59 in the same quarter last year [19] Assets and Liabilities - Total assets at the end of Q3 2021 amounted to ¥1,260,600,386.18, a 0.71% increase from the end of the previous year [3] - Total assets as of September 30, 2021, are ¥1,260,600,386.18, compared to ¥1,251,771,470.81 at the end of 2020 [14] - Total liabilities decreased to ¥70,559,913.79 from ¥86,327,863.16 year-over-year [15] - Non-current assets totaled ¥521,620,495.35, an increase from ¥473,080,513.92 year-over-year [14] - Total liabilities increased from CNY 86,327,863.16 to CNY 101,146,438.72, with a significant rise in lease liabilities of CNY 14,818,575.56 [27] Cash Flow and Investments - The company's cash flow from operating activities showed a net outflow of ¥70,793,676.56, which is an improvement of 51.36% compared to the previous year [7] - The company reported a net cash flow from operating activities of CNY -70,793,676.56, an improvement from CNY -145,536,285.08 in the previous year [22] - The company experienced a 544.37% increase in cash outflow from investing activities, totaling ¥38,045,764.19, primarily due to the acquisition of office space in Chengdu [7] - Cash and cash equivalents at the end of the period were CNY 334,926,122.11, down from CNY 338,087,708.85 at the end of Q3 2020 [23] Shareholder Information - Total number of common shareholders at the end of the reporting period is 38,321 [9] - The largest shareholder, Yiqun Group Holdings, holds 24.46% of shares, totaling 69,280,501 shares [9] Inventory and Accounts Receivable - Accounts receivable increased by 37.50% to ¥288,213,880.99, primarily due to increased revenue during the reporting period [7] - Inventory rose by 43.02% to ¥83,659,922.93, mainly due to some contracts not being accepted during the reporting period [7] - Accounts receivable increased to ¥288,213,880.99 from ¥209,616,066.11 year-over-year, reflecting a growth of approximately 37.5% [13] - Inventory rose to ¥83,659,922.93 from ¥58,495,239.05 year-over-year, indicating an increase of about 42.9% [13] Expenses and Financial Performance - Total operating costs rose to CNY 399,221,692.74, up 15.4% from CNY 346,072,938.77 in the same period last year [17] - Research and development expenses increased to CNY 64,505,719.71, up 22.9% from CNY 52,491,881.37 year-over-year [17] - The company incurred a financial expense of CNY 2,909,985.31, compared to a financial income of CNY -3,266,909.69 in Q3 2020 [17] - Other income decreased to CNY 2,757,462.89 from CNY 6,091,430.45 year-over-year [17] Accounting and Reporting - The third quarter report was not audited, which may affect the reliability of the financial data presented [29] - The company did not adjust the beginning balance sheet items for the new lease accounting standard, indicating a straightforward implementation [29] - The company has not disclosed any new product developments or market expansion strategies in this report [30] - There were no mentions of mergers or acquisitions in the third quarter report [30] - The company continues to monitor its financial position and will provide further updates in future reports [30]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥302,613,875.41, representing a 20.06% increase compared to ¥252,056,273.78 in the same period last year[21]. - The net profit attributable to shareholders was ¥29,321,843.20, up 15.12% from ¥25,469,634.48 year-on-year[21]. - The net profit after deducting non-recurring gains and losses was ¥27,290,223.58, reflecting a 19.62% increase from ¥22,813,363.49 in the previous year[21]. - The basic earnings per share increased to ¥0.10, an 11.11% rise from ¥0.09 in the same period last year[21]. - The total assets at the end of the reporting period were ¥1,249,743,168.28, a slight decrease of 0.16% from ¥1,251,771,470.81 at the end of the previous year[21]. - The net assets attributable to shareholders increased to ¥1,168,706,520.98, a 0.28% increase from ¥1,165,443,607.65 at the end of the previous year[21]. - The net cash flow from operating activities was negative at -¥86,932,574.82, compared to -¥81,737,750.45 in the same period last year, indicating a 6.36% decline[21]. - Operating costs increased by 20.97% to ¥173,756,382.74 from ¥143,639,969.82, resulting in a gross margin of 42.58%[40]. - Research and development expenses rose by 31.00% to ¥42,430,184.37, primarily due to increased investment in R&D[38]. - The company reported a total non-recurring gains and losses of ¥2,031,619.62 for the period[25]. Revenue Breakdown - Software development and maintenance revenue reached 283.44 million yuan, up 19.50% year-on-year[28]. - Domestic revenue was 115.93 million yuan, a significant increase of 49.29% compared to the previous year, while overseas revenue was 186.68 million yuan, growing by 7.04%[28]. - The company generated a total of 12.83 million yuan from consulting and product licensing services[28]. Strategic Initiatives - The company is actively investing in new technologies such as distributed architecture, microservices, blockchain, digital currency, AI, and 5G applications to enhance its capabilities[29]. - The company has participated in multiple central bank digital currency cross-border application studies, positioning itself as a core partner in the multi-currency digital currency construction services[29]. - The company established new subsidiaries in Beijing and Chengdu to support business expansion in northern and southwestern regions[30]. - The company aims to provide end-to-end comprehensive solutions for financial institutions, leveraging its extensive experience and technological capabilities[34]. Market Outlook - The IT solutions market for the banking sector in China is projected to grow at a compound annual growth rate of 24.5%, reaching 127.35 billion yuan by 2024[33]. - The company is focused on expanding its market presence, particularly in large commercial banks, as part of its growth strategy[84]. Risk Management - The company faces risks related to reliance on financial institutions and customer concentration, with a focus on diversifying new clients and business models[62]. - The company is conducting detailed risk assessments regarding international political and economic instability, as well as exchange rate fluctuations, to safeguard its overseas operations[66]. - The company acknowledges seasonal fluctuations in business performance, particularly in the banking sector, and is working to mitigate these effects[64]. - The ongoing COVID-19 pandemic poses risks, particularly with overseas subsidiaries not fully resuming operations, leading to potential negative impacts on overall business[67]. Governance and Compliance - The company has implemented measures to strengthen internal control processes and improve communication mechanisms[67]. - The company has appointed new board members and management personnel as of February 19, 2021, to enhance governance[72]. - The financial report for the first half of the year was not audited[135]. - The company will publicly disclose reasons for any failure to fulfill commitments and take corrective actions to minimize investor losses[88]. Shareholder Information - The company plans to distribute cash dividends of no less than 20% of the distributable profits for the year, provided that the cash flow meets operational and developmental needs[81]. - The company maintains a profit distribution policy that prioritizes cash dividends while ensuring sustainability and stability[80]. - The total number of ordinary shareholders at the end of the reporting period was 41,727[123]. - The largest shareholder, Yiqun Group Holdings Limited, holds 24.53% of the shares, totaling 69,280,501 shares[123]. Financial Position - The company reported a significant reduction in employee compensation payable, which decreased to ¥26,425,396.99 from ¥61,198,660.95, a drop of 56.8%[139]. - The total liabilities decreased to ¥81,036,647.30 from ¥86,327,863.16, marking a decline of 6.5%[139]. - The total cash and cash equivalents at the end of the period were 173,912,296.53 CNY, down from 214,976,754.74 CNY in the previous year[160]. - The company reported a total share count of 283,291,058 after the cancellation of 7,997 restricted shares, reducing the total by approximately 0.003%[115]. Future Plans - The company plans to enhance its capital reserves through retained earnings and other comprehensive income adjustments[165]. - The company is focusing on technological advancements and research and development for future growth[167]. - The company has outlined a strategy for potential mergers and acquisitions to enhance its market position[167]. - The future outlook remains positive with expected growth in user engagement and revenue streams[167].

Financial Performance - The company's revenue for Q1 2021 was CNY 146,734,864.44, representing a 48.18% increase compared to CNY 99,025,379.99 in the same period last year[8] - Net profit attributable to shareholders was CNY 8,667,406.06, up 20.71% from CNY 7,180,618.05 year-on-year[8] - The net profit after deducting non-recurring gains and losses was CNY 7,152,995.32, a slight increase of 2.16% from CNY 7,001,862.15[8] - The basic earnings per share increased by 20.95% to CNY 0.0306 from CNY 0.0253 in the previous year[8] - Total operating income for Q1 2021 was CNY 107,728,695.06, compared to CNY 73,888,064.61 in the previous period, representing a significant increase[37] - Net profit for Q1 2021 reached CNY 8,667,406.06, up from CNY 7,180,618.05 in the same period last year, indicating a growth of approximately 20.7%[34] - The company reported a total profit of CNY 8,969,797.49 for Q1 2021, an increase from CNY 7,760,339.13 in the prior year[34] - Basic and diluted earnings per share for Q1 2021 were both CNY 0.0306, compared to CNY 0.0253 in the previous year, marking an increase of approximately 21%[35] Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,236,589,950.80, a decrease of 1.21% from CNY 1,251,771,470.81 at the end of the previous year[8] - Total assets decreased to CNY 1,179,611,717.38 from CNY 1,196,746,365.79, a decline of about 1.4%[30] - Total liabilities decreased to CNY 40,011,867.37 from CNY 65,833,655.79, representing a reduction of approximately 39.1%[30] - The company reported a significant increase in accounts payable, which rose by 411.19% to CNY 90.73 million, mainly due to increased amounts owed to suppliers[16] - The company’s total liabilities included lease liabilities of CNY 135.05 million, recognized under new leasing standards[16] - Current liabilities totaled CNY 82,015,342.99, while total liabilities reached CNY 86,327,863.16[51] - The company reported a total of CNY 61,198,660.95 in payable employee compensation[51] - Deferred income tax liabilities were recorded at CNY 4,312,520.17[51] Cash Flow - The company reported a net cash flow from operating activities of CNY -67,427,668.67, an improvement of 3.09% compared to CNY -69,577,830.83 in the previous year[8] - The net cash flow from operating activities was -67,427,668.67 yuan, showing a slight improvement from -69,577,830.83 yuan in the previous period, indicating a narrowing loss[42] - Total cash inflow from operating activities amounted to 101,980,522.18 yuan, compared to 52,809,821.86 yuan in the previous period, reflecting a significant increase[40] - Cash outflow from operating activities totaled 169,408,190.85 yuan, up from 122,387,652.69 yuan in the previous period, indicating increased operational expenses[42] - The company’s cash flow from investing activities was negative at CNY -3.83 million, primarily due to increased fixed asset purchases and office renovations[17] - The net cash flow from investing activities was -3,830,178.06 yuan, worsening from -626,522.67 yuan in the previous period, indicating increased investment outflows[42] - The cash flow from financing activities resulted in a net outflow of -1,058,597.24 yuan, with cash outflows for dividend payments and other financing activities[43] Shareholder Information - The company had a total of 43,866 common shareholders at the end of the reporting period[12] - The largest shareholder, Yiqun Group Holdings, held 24.45% of the shares, amounting to 69,280,501 shares[12] - The total equity attributable to shareholders increased to CNY 1,139,599,850.01 from CNY 1,130,912,710.00, showing a slight increase of approximately 0.6%[30] Research and Development - Research and development expenses increased by 52.80% to CNY 193.39 million, indicating a commitment to enhancing innovation[16] - Research and development expenses amounted to CNY 19,339,408.00, compared to CNY 12,657,079.30 in the previous year, reflecting a year-over-year increase of about 52.6%[34] Market Strategy - The company plans to continue expanding its domestic and international markets, focusing on new technology applications such as blockchain and AI[18] Other Financial Metrics - The company experienced a decrease in other comprehensive income, with a net amount of CNY -706,649.20 for Q1 2021, compared to CNY 5,215,195.24 in the previous year[34] - The company reported a financial expense of CNY 1,480,655.02, compared to a financial income of CNY -3,801,244.02 in the previous year, indicating a significant change in financial performance[33] - The total comprehensive income for Q1 2021 was CNY 7,960,756.86, down from CNY 12,395,813.29 in the previous year[35] Compliance and Standards - The company has implemented new leasing standards starting in 2021, which may affect future financial reporting and asset valuations[47] - The company has not undergone an audit for the first quarter report[56]

Financial Performance - The company's operating revenue for 2020 was CNY 573,983,631.21, representing a 9.21% increase from CNY 525,558,672.81 in 2019[18]. - The net profit attributable to shareholders decreased by 22.53% to CNY 74,555,031.45 in 2020, down from CNY 96,238,638.56 in 2019[18]. - The net cash flow from operating activities significantly dropped by 90.50% to CNY 11,337,301.62 in 2020, compared to CNY 119,278,918.09 in 2019[18]. - The company's total revenue for 2020 was CNY 573,983,631.21, representing a year-on-year increase of 9.21%[43]. - Domestic revenue accounted for CNY 211,647,222.67, a slight increase of 2.31%, while overseas revenue reached CNY 362,336,408.54, up by 13.70%[43]. - The gross profit margin for the software and information services sector was 47.69%, a decrease of 1.66% compared to the previous year[43]. - The company reported a net profit attributable to shareholders of CNY 74,534,031.45 for the year, with significant seasonal fluctuations in revenue and profit distribution[43][54]. Research and Development - The company maintained a research and development investment of CNY 79,675,000, accounting for 13.88% of its operating revenue[27]. - The R&D investment in distributed architecture, microservices platform, and blockchain technology comprised 86.52% of the total R&D expenditure[27]. - The company launched a distributed PaaS platform and microservices SaaS platform aimed at the financial industry, enhancing its technological capabilities for "Bank 4.0"[27]. - Research and development expenses totaled CNY 79,675,041.77, accounting for 13.88% of total revenue, with 110 new software copyrights and product registrations added[55]. - The company has implemented annual training plans for various departments, focusing on enhancing employees' professional skills and overall quality[178]. Market Expansion and Strategy - The company is expanding its global footprint, which introduces uncertainties related to international political and economic stability, as well as currency fluctuations[7]. - The company is actively expanding into the Southeast Asian market, particularly through its wholly-owned subsidiary in Thailand, in line with the Belt and Road Initiative[26]. - The company aims to leverage new technologies such as AI, big data, and 5G applications to enhance its product offerings and market presence[26]. - The company is focused on expanding its business in the Hong Kong and Macau markets, as well as Southeast Asia, to achieve growth[77]. - The company aims to accelerate the investment progress of fundraising projects to achieve expected benefits as soon as possible, focusing on projects related to core banking software and services[105]. Risk Management - The company faces significant risks due to high dependency on financial institutions, particularly in the context of potential economic fluctuations and changes in the management systems of these institutions[5]. - The company has identified risks related to talent retention and rising labor costs, which are significant given that personnel expenses constitute the largest portion of its operational costs[6]. - The company is experiencing intense market competition, which may lead to pricing pressures and impact its operational performance if not managed effectively[5]. - The company has established a response team to address uncertainties arising from the COVID-19 pandemic, which has affected global operations and may continue to pose risks[7]. - The company's future profitability may be uncertain due to the long implementation cycles of projects and potential changes in macroeconomic conditions[7]. Profit Distribution - The company plans to distribute a total cash dividend of RMB 28,329,905.50, which translates to RMB 1 per 10 shares, based on a total share capital of 283,299,055 shares as of December 31, 2020[8]. - The cash dividend distribution represents 100% of the total profit distribution amount, with no stock dividends or capital increases planned for the current year[82]. - The company emphasizes a stable and continuous profit distribution policy, prioritizing cash dividends[92]. - The company aims to ensure that cash dividends distributed each year are not less than 20% of the distributable profits achieved that year[93]. - In 2020, the cash dividend amount was 28,329,905.50, representing 38.00% of the net profit attributable to ordinary shareholders[88]. Corporate Governance - The company has maintained independence from its controlling shareholder in business, personnel, assets, and finance, with no guarantees provided to the controlling shareholder[186]. - The company strictly adheres to information disclosure regulations, ensuring timely and accurate information is available to all investors[184]. - The independent directors attended all board meetings and provided valuable professional advice, enhancing decision-making processes[190]. - The company has established a comprehensive performance evaluation system for senior management, ensuring transparency and fairness in the compensation scheme[193]. - There were no significant internal control deficiencies identified during the reporting period, with all financial and non-financial report deficiencies recorded as zero[194][195]. Employee Management - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to CNY 3.484 million[173]. - The company employed a total of 2,255 staff, with 1,996 being technical personnel, representing approximately 88.5% of the workforce[176]. - The company has a competitive salary policy that includes a basic salary and performance bonuses, aimed at attracting and retaining core talent[177]. - The company has 28 sales personnel, which is about 1.2% of the total workforce[176]. - The company has not granted any equity incentives to directors and senior management during the reporting period[175].

Financial Performance - Operating revenue for the reporting period was ¥143,060,051.99, representing a year-on-year growth of 23.63%[7] - Net profit attributable to shareholders was ¥25,439,245.70, a modest increase of 1.36% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥23,779,725.67, up by 9.26% year-on-year[7] - The company reported a significant increase in other receivables by 178.68% to ¥11,144,903.39 from ¥3,999,241.41, mainly due to increased project deposits[17] - The net profit for the period was not explicitly stated, but the increase in operating revenue suggests a positive trend in profitability[35] - The total profit for the quarter was CNY 26,062,848.33, down from CNY 27,502,298.40, indicating a decline in profitability[37] - The net profit for the third quarter was CNY 50,908,880.18, compared to CNY 56,736,026.73 in the previous year, indicating a decrease of about 10.5%[46] - The total comprehensive income for the third quarter was CNY 43,852,287.59, down from CNY 58,451,414.18, a decrease of approximately 25.1%[46] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,198,775,277.64, a slight increase of 0.11% compared to the end of the previous year[7] - The total liabilities decreased to CNY 67,905,309.00 from CNY 94,976,325.19, a reduction of approximately 28.5%[30] - The total equity attributable to shareholders increased to CNY 1,130,869,968.64 from CNY 1,102,435,617.35, showing a growth of about 2.6%[30] - The company's total assets at the end of the quarter were CNY 395,116,325.77, an increase from CNY 327,803,972.64 year-over-year, indicating growth in asset base[43] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥145,536,285.08, a significant decline of 772.43%[7] - Total cash inflow from operating activities was 264,551,310.53 CNY, compared to 367,304,584.07 CNY in the same period last year, reflecting a decline of approximately 28%[52] - The net cash flow from investing activities was -5,904,339.17 CNY, an improvement from -13,272,750.25 CNY in the previous year[53] - The net cash flow from financing activities was -30,100,682.30 CNY, compared to -102,226,494.98 CNY in the previous period, indicating a significant reduction in cash outflow[54] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 43,446[10] - The largest shareholder, Yiqun Group Holdings Limited, held 24.45% of the shares, amounting to 69,280,501 shares[10] - There were no changes in the company's total share capital due to new share issuance or other equity-related activities during the reporting period[7] Expenses - Sales expenses increased by 96.84% to ¥4,643,339.95 from ¥2,358,912.44, mainly due to higher sales personnel compensation[17] - Management expenses increased by 39.42% to ¥77,487,437.34 from ¥55,579,985.88, primarily due to increased employee compensation[17] - Research and development expenses for the quarter were CNY 20,101,799.45, compared to CNY 18,733,577.20 in the previous year, indicating an increase of approximately 7.3%[36] Investment Income - Investment income rose by 189.07% to ¥1,594,577.10 from ¥551,632.26, driven by increased long-term equity investment income[17] - The company reported an investment income of CNY 2,927,672.02, a significant improvement from a loss of CNY 1,261,403.30 in the same quarter last year[36] Cash and Cash Equivalents - Cash and cash equivalents decreased by 34.89% to ¥343,066,653.30 from ¥526,922,052.54 due to increased employee compensation payments and reduced accounts receivable collections[17] - The ending balance of cash and cash equivalents was 338,087,708.85 CNY, down from 441,684,831.04 CNY, reflecting a decrease of about 24%[53] Other Financial Metrics - The weighted average return on equity was 2.27%, down by 2.18% compared to the previous year[7] - Basic and diluted earnings per share for the quarter were both CNY 0.0898, compared to CNY 0.0885 in the previous period, showing a slight increase[38] - The company's credit impairment losses for the third quarter were reported at -CNY 1,845,176.50, compared to CNY 1,114,188.33 in the previous year, indicating a deterioration in credit quality[45]

Financial Performance - The company's operating revenue for the reporting period was CNY 252,056,273.78, representing an increase of 18.85% compared to the same period last year[18]. - The net profit attributable to shareholders decreased by 19.50% to CNY 25,469,634.48, while the net profit after deducting non-recurring gains and losses fell by 22.61% to CNY 22,813,363.49[18]. - The net cash flow from operating activities was negative at CNY -81,737,750.45, a decline of 459.64% compared to the previous year[18]. - The company achieved overseas revenue of CNY 17,439,830, an increase of 30.98% year-on-year[26]. - Software development revenue was CNY 23,910,520, up 13.59% from the previous year, while maintenance services and other income surged by 122.87% to CNY 1,924,160[26]. - The weighted average return on equity decreased to 2.27%, down 0.68% from the previous year[18]. - The gross profit margin for the overall business was 43.01%, slightly down by 1.32% from the previous year, with software development having a gross margin of 41.30%[41]. - The company reported a total of RMB 42,747 million in funds raised, with no changes in the project allocation during the reporting period[57]. - The company reported a total revenue of 483,976.7 million RMB for the first half of 2020[182]. - The net profit attributable to shareholders was 1,466,026.06 million RMB, reflecting a significant increase compared to the previous period[184]. Market and Competition - The company is facing increasing market competition, particularly in the open financial technology market, which may impact its operational development if not managed properly[4]. - The company acknowledges the potential for project implementation cycles to exceed expectations due to macroeconomic and market factors[6]. - The company emphasizes the need for rapid response to technological and market changes to maintain its competitive edge in the fast-evolving software industry[5]. - The IT solutions market for the banking sector in China is projected to grow at a compound annual growth rate of 20.8% from 2019 to 2023, reaching CNY 107.1 billion by 2023[29]. - The company is expanding its business in Southeast Asia through its wholly-owned subsidiary, Sifang Precision (Thailand) Co., Ltd., in response to the Belt and Road Initiative[26]. Strategic Initiatives - The company is implementing an innovation-driven strategy focusing on cutting-edge financial technology products such as distributed systems, microservices, and blockchain, which carries certain risks of not meeting expected goals[5]. - The company is actively investing in new technologies such as distributed systems, blockchain, cross-border payments, and cloud computing to maintain a competitive edge[26]. - The company plans to enhance its market expansion strategies in the upcoming quarters, focusing on new product development and technological advancements[173]. - The company aims to improve its operational efficiency and profitability through strategic investments and cost management initiatives[173]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its portfolio[177]. Financial Management and Investment - The company plans to not distribute cash dividends or issue bonus shares, indicating a focus on reinvestment[7]. - The company has fully utilized its raised funds amounting to CNY 42.75 million for investment projects[36]. - The company will manage raised funds through dedicated accounts and may use self-raised funds or bank loans if the actual raised funds do not meet investment needs[75]. - The company has committed to a long-term effective profit distribution policy that balances shareholder returns with sustainable development[76]. - The company aims to increase its R&D investment to support the development of new products and services[185]. Operational Challenges - The company is facing risks related to talent retention and rising labor costs due to competition for skilled professionals in the technology sector[5]. - The company is exposed to risks from talent retention and rising labor costs due to competition for skilled professionals in the software development sector[66]. - Increased delivery capacity from new projects may lead to management and marketing challenges as the company expands its service offerings[67]. - The ongoing COVID-19 pandemic presents uncertainties that could affect the company's overall business operations[68]. Shareholder and Governance - The company held its first extraordinary shareholders' meeting on January 3, 2020, with an investor participation rate of 42.38%[71]. - The annual shareholders' meeting for 2019 was held on April 30, 2020, with a participation rate of 41.17%[71]. - The actual controller and shareholders have fulfilled their commitments during the reporting period, with no overdue commitments as of the end of the reporting period[73]. - The company has established a long-term commitment to avoid any potential conflicts of interest with its controlling shareholders[80]. - The company has implemented measures to protect the rights of minority shareholders in related transactions[85]. Compliance and Regulatory - The company emphasizes compliance with laws and regulations, ensuring timely and accurate information disclosure[117]. - The company has not engaged in any entrusted financial management or derivative investments during the reporting period[60][61]. - The company has not faced any penalties or rectification issues during the reporting period[103]. - The company has committed to transparency regarding any unfulfilled commitments and will publicly disclose reasons and measures taken[97]. Asset Management - The total assets at the end of the reporting period amounted to 1,078,229 million RMB, with a notable increase from the previous year[182]. - The total liabilities at the end of the reporting period were 536.52 million yuan, reflecting a manageable debt level[173]. - The company reported a significant increase in user data metrics, indicating a growing customer base and engagement[177]. - The company has not conducted any asset or equity acquisitions or sales during the reporting period[107].