证券代码：300468 证券简称：四方精创 深圳四方精创资讯股份有限公司投资者关系活动记录表 编号：2016-003 | --- | --- | --- | |------------|---------------------------------|--------------------------------------------------| | | | | | | ■ | 特定对象调研 □ 分析师会议 | | | □ 媒体采访 □ 业绩说明会 | | | 投资者关系 | □ 新闻发布会 □ 路演活动 | | | 活动类别 | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | | 上投摩根基金 蒋科 | | | 参与单位名 | 长江证券 刘慧慧 | | | 称及人员姓 | 瑞元资本 华通 | | | 名 | 华润基金 张磊 | | | | 博时基金 齐宁、陈雷、沙炜、蔡滨 | | | 时间 | 2016 年 6 月 2 日下午 | 16:00-17:30 | | 地点 | 公司会议室 | | | 上市公司接 | | 常务副总经理、董事会秘书李琳，证券事务代表闫春景 | ...

证券代码：300468 证券简称：四方精创 深圳四方精创资讯股份有限公司投资者关系活动记录表 编号：2016-005 | --- | --- | --- | --- | |---------------|----------------------------------|---------------------------------------------------|-------| | | | | | | | ■ 特定对象调研 □ 分析师会议 | | | | | □ 媒体采访 □ 业绩说明会 | | | | 投资者关系 | □ 新闻发布会 □ 路演活动 | | | | 活动类别 | □ 现场参观 | | | | | □ | 其他 （请文字说明其他活动内容） | | | 参与单位名 | 国泰君安 宋嘉吉 | | | | 称及人员姓 名 | 鹏华基金 胡东健 | | | | 时间 | 2016 年 6 月 22 日下午 | 15:30-16:30 | | | 地点 | 公司会议室 | | | | 上市公司接 | | 常务副总经理、董事会秘书李琳，事业群总经理， 证券 | | | 待人员姓名 | 事务代表 ...

Group 1: Industry Trends and Company Positioning - The industry demand remains strong, with all companies in the sector being potential competitors. The company has over ten years of experience and technical accumulation, which provides a competitive advantage [3] - The company maintains a dual development strategy in domestic and international markets, which is beneficial for business expansion [3] - In the next two to three years, the company aims to leverage capital markets for both organic and external growth while fulfilling performance targets related to equity incentives [3] Group 2: Client Base and Market Strategy - Large commercial banks account for over 50% of total IT investment in the market. The company will continue to serve large clients while also expanding its reach to small and medium-sized clients [4] - The industry is highly fragmented, and client pricing can be based on either headcount or project-based formats, depending on client needs [4] Group 3: Product Development and Innovation - The company's primary business is software development, with financial IT services on the rise and increasing market share year by year. The company holds over 100 copyrights and products, indicating a strong market demand from small commercial banks [4] - The company is one of the initiators of a blockchain alliance, participating in four out of twelve established projects, focusing on blockchain technology platforms and applications in various sectors [4] Group 4: Organizational Developments - The newly established Chengdu branch is responsible for business development and client delivery in the Southwest region [5]

证券代码：300468 证券简称：四方精创 深圳四方精创资讯股份有限公司投资者关系活动记录表 编号：2016-001 | --- | --- | --- | |------------|---------------------------------|---------------------------------| | | | | | | ■ | 特定对象调研 □ 分析师会议 | | | □ 媒体采访 □ 业绩说明会 | | | 投资者关系 | □ 新闻发布会 □ 路演活动 | | | 活动类别 | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | | 安信证券 张轶乾、王炤杰 | | | | 广发基金 费逸 | | | | 泰康资产 李晓金 | | | 参与单位名 | 宝盈基金 文仲阳 | | | 称及人员姓 | 展博投资 肖斌 | | | 名 | 创金合信基金 周志敏 | | | | 摩根华鑫基金 雷志勇 | | | | 信达澳银基金 冯明远 | | | 时间 | 2016 年 6 月 1 日下午 | 15:00-16:30 | | --- | --- | |----- ...

证券代码：300468 证券简称：四方精创 深圳四方精创资讯股份有限公司投资者关系活动记录表 编号：2016-004 | --- | --- | --- | |------------|----------------------------------|---------------------------------| | | | | | | ■ | 特定对象调研 □ 分析师会议 | | | □ | 媒体采访 □ 业绩说明会 | | 投资者关系 | □ 新闻发布会 □ 路演活动 | | | 活动类别 | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | | 百毅资本 闫小龙 | | | | 兆丰禾 余能彪 | | | | 汇财通资产 贺晗 | | | 参与单位名 | 道谊资产 安文 | | | 称及人员姓 | 民森投资 王超 | | | 名 | 双河投资 秦阁 | | | | 瀚熙资产 吴义成 | | | | 海通证券 谢春生、李辻 | | | 时间 | 2016 年 6 月 17 日上午 | 10:30-11:30 | | --- | --- | --- | |------ ...

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]