Financial Performance - The company's operating revenue for 2021 was ¥1,564,103,745.01, representing a 37.65% increase compared to ¥1,136,315,468.28 in 2020 [28]. - The net profit attributable to shareholders for 2021 was ¥229,094,690.89, a 41.62% increase from ¥161,771,701.18 in 2020 [28]. - The net profit after deducting non-recurring gains and losses was ¥212,334,219.08, which is a 64.79% increase compared to ¥128,848,651.47 in 2020 [28]. - The net cash flow from operating activities for 2021 was ¥310,003,861.59, up 67.34% from ¥185,250,981.66 in 2020 [28]. - The total assets at the end of 2021 were ¥2,528,328,118.98, an 18.09% increase from ¥2,140,932,920.99 at the end of 2020 [28]. - The net assets attributable to shareholders at the end of 2021 were ¥1,605,103,254.89, a 16.06% increase from ¥1,382,941,083.10 at the end of 2020 [28]. - The basic earnings per share for 2021 was ¥0.5808, which is a 40.09% increase from ¥0.4146 in 2020 [28]. - The diluted earnings per share for 2021 was ¥0.5776, reflecting a 41.53% increase from ¥0.4081 in 2020 [28]. - The company reported a net profit of ¥226,275,256.76 in Q4 2021, significantly improving from losses in the first two quarters [32]. - The company received government subsidies amounting to ¥14,859,558.14 in 2021, down from ¥29,104,752.81 in 2020 [36]. Market and Business Strategy - The company is focused on expanding its market presence and developing new products and technologies to enhance its competitive edge [6]. - The company aims to leverage its SaaS offerings to improve service delivery and operational efficiency in public procurement and government services [18]. - The company is committed to digital transformation initiatives, including the implementation of electronic payment systems and digital ticketing solutions [18]. - The company is actively innovating its SaaS offerings, particularly in public payment services and electronic transaction services, to reduce costs and implementation time for clients [56]. - The company plans to continue expanding its market presence and investing in new technologies to enhance its service offerings [70]. - The company aims to become a leading provider of government + internet services in China, targeting to enter the top 20 IT listed companies [141]. - The company plans to promote its e-Fuzhou platform as a benchmark for urban services and expand its smart city initiatives [145]. - The company is actively pursuing market expansion strategies, including potential mergers and acquisitions to enhance its competitive position in the software industry [181]. Research and Development - Research and development expenses amounted to ¥241,068,600, accounting for 15.41% of total revenue, with a growth of 44.28% compared to the previous year [65]. - The number of R&D personnel increased by 27.50% from 1,342 in 2020 to 1,711 in 2021, with R&D personnel accounting for 34.17% of the total workforce [98]. - The company is investing 100 million RMB in R&D for new technologies, focusing on AI and big data analytics [191]. - The company is developing a medical electronic invoice management system, which is currently in the acceptance phase and aims to enhance core competitiveness in the electronic invoice field [89]. - The company is enhancing its "Government Payment" platform, which is currently in the testing phase, to improve transaction stability and operational flexibility [95]. Risk Management - The company faces various risks including market competition, policy risks, and technology development risks, which may impact future performance [6]. - The company emphasizes the importance of information security and management risks, highlighting the potential for core technology leakage and personnel turnover [6]. - The company is committed to enhancing its risk management capabilities to address potential policy changes that could impact its operations [151]. - The company plans to strengthen its information security measures to mitigate risks associated with software defects and data breaches [152]. - The company is focused on protecting its core technologies and retaining key personnel to maintain its competitive advantage [153]. Corporate Governance - The company adheres to legal and regulatory requirements in corporate governance, ensuring transparency and protection of shareholder rights [162]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with governance standards [163]. - The company has established various committees, including an audit committee and a strategic committee, to enhance oversight and strategic decision-making [164]. - The company prioritizes information disclosure and investor relations management, ensuring timely and accurate communication with stakeholders [166]. - The company operates independently from its controlling shareholders in terms of business, personnel, assets, and finance, ensuring no unfair related transactions exist [167]. Future Outlook - The company has set a performance guidance for the upcoming year, projecting revenues to reach 1,032.390 million, indicating an expected growth of 128.5% compared to the last reported year [179]. - Future outlook indicates a projected revenue growth of 20% for the next fiscal year, driven by new product launches and market expansion strategies [191]. - The company plans to launch two new software products in Q3 2022, targeting the education and healthcare sectors [191]. - The company is exploring potential acquisitions to enhance its product offerings and customer base, with a budget of 200 million RMB allocated for this purpose [191].

Financial Performance - The company's operating revenue for Q1 2022 was ¥188,433,471.56, representing a 40.84% increase compared to ¥133,788,537.03 in the same period last year[6] - The net profit attributable to shareholders was -¥42,979,643.05, a decline of 15.40% from -¥37,244,748.07 year-on-year[6] - The net cash flow from operating activities was -¥272,727,742.37, which is a 27.26% decrease compared to -¥214,315,366.84 in the previous year[6] - The company reported a net loss in the first quarter, with total operating income not covering total operating costs[32] - The net profit for the first quarter was -72,792,760.07, compared to -61,995,664.86 in the previous year, indicating a decline of approximately 17.9%[38] - The total operating profit was -74,145,841.59, which is a decrease from -62,104,983.38 year-over-year[38] - The company reported a total comprehensive loss of -72,805,247.68, compared to -61,995,664.86 in the previous year[38] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,324,478,858.13, down 8.06% from ¥2,528,328,118.98 at the end of the previous year[6] - Total liabilities decreased to 510,717,599.78 from 663,092,587.89, indicating a reduction of about 23%[28] - Owner's equity totaled 1,813,761,258.35, down from 1,865,235,531.09, reflecting a decrease of approximately 2.8%[31] Cash Flow - Cash and cash equivalents decreased to 612,092,234.81 from 848,393,807.47, a decline of about 28%[25] - The cash and cash equivalents at the end of the period were 606,804,908.53, a decrease from 534,755,080.01 year-over-year[45] - The company recorded a net cash inflow from financing activities of 10,466,460.58, down from 50,035,809.00 in the previous year[45] - The company experienced a net cash outflow from investing activities of 25,960,661.19, contrasting with a net outflow of -249,171,672.96 in the previous year[42] Shareholder Information - The total number of common shareholders at the end of the reporting period is 13,516, with the largest shareholder, Chen Hang, holding 17.53% of shares, equating to 70,248,835 shares[13] - Linzhi Tencent Technology Co., Ltd. holds 8.27% of shares, amounting to 33,144,385 shares, while Fujian Electronic Information Group Co., Ltd. holds 4.94%, totaling 19,797,109 shares[13] - As of the end of the reporting period, Chen Hang has 52,686,626 shares under lock-up conditions due to executive lock-up agreements[17] - The total number of shares under lock-up conditions for the top ten shareholders is 78,656,726 shares, indicating a significant portion of shares is restricted[20] Capital Management - The company plans to issue shares to specific investors, with a total fundraising amount not exceeding RMB 200 million, aimed at supplementing working capital[21] - The company has approved a share repurchase plan, allocating between RMB 50 million and RMB 100 million for repurchasing shares at a price not exceeding RMB 27.00 per share[21] - The company has not yet implemented the share repurchase plan as of the reporting date[21] - The report indicates that the shareholding ratio of Fujian Electronic Information Group Co., Ltd. has dropped below 5% due to share reduction and capital changes[21] - The company has engaged Huashan Securities Co., Ltd. as the sponsor for the share issuance to ensure compliance and management of raised funds[21] Research and Development - Research and development expenses increased by 36.26% to ¥65,984,154.69 from ¥48,426,374.99 year-on-year[12] - Research and development expenses reached 65,984,154.69, compared to 48,426,374.99 in the previous period, reflecting a rise of approximately 36.4%[32] Revenue and Costs - Total operating costs for the first quarter were 270,276,493.66, up from 203,370,991.36, indicating an increase of about 32.8%[32] - Revenue from sales of goods and services received cash of 304,208,024.68, up from 146,722,189.08 in the previous year, representing an increase of approximately 106.8%[39]

Financial Performance - The company's revenue for Q3 2021 was ¥344,710,102.36, representing a 36.80% increase compared to the same period last year[5]. - Net profit attributable to shareholders for Q3 2021 was ¥49,941,175.54, up 21.39% year-on-year[5]. - The net profit after deducting non-recurring gains and losses was ¥46,558,380.98, an increase of 32.58% compared to the same period last year[5]. - Revenue increased by 49.29% to 730,992,545.09 from 489,632,763.02 in the same period last year[12]. - The total operating revenue for the third quarter of 2021 was ¥730,992,545.09, an increase from ¥489,632,763.02 in the same period last year, representing a growth of approximately 49.3%[41]. - The company reported a net profit margin improvement, with net profit for the period increasing significantly compared to the previous year, although specific figures were not disclosed in the provided content[41]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,954,383,914.94, a decrease of 8.71% from the end of the previous year[5]. - The total assets as of September 30, 2021, were ¥1,954,383,914.94, down from ¥2,140,932,920.99 at the end of 2020, a decrease of approximately 8.7%[36]. - The total liabilities decreased to ¥465,453,254.99 from ¥615,095,928.99, representing a reduction of about 24.3%[40]. - The total liabilities rose from $615,095,928.99 to $645,254,363.46, an increase of $30,158,434.47[62]. - The total equity attributable to shareholders decreased slightly from $1,382,941,083.10 to $1,380,977,490.90, a decline of $1,963,592.20[62]. Cash Flow - Cash flow from operating activities showed a net outflow of ¥163,675,242.23, which is a 24.36% improvement year-on-year[5]. - The cash flow from operating activities resulted in a net outflow of -163,675,242.23, an improvement from -216,382,864.09 in the previous period[49]. - The net cash flow from investing activities decreased by 251.53% to -171,744,208.06, mainly due to increased equity and financial investments[12]. - The net cash flow from financing activities was -$151,006,155.97, compared to $97,572,475.19 in the previous period[55]. - The total cash and cash equivalents at the end of the period decreased to $461,780,704.55 from $605,382,910.33[55]. - The company reported a cash decrease of $486,425,606.26 during the period[55]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,887[13]. - The company repurchased shares, resulting in treasury stock increasing by 29,834.50% to 55,390,417.68[12]. - As of September 30, 2021, the company repurchased 2,895,313 shares, accounting for 0.73% of the total share capital, with a total transaction amount of RMB 55,390,417.68[24]. - The company plans to repurchase shares with a total amount not less than RMB 70 million and not exceeding RMB 120 million, with a maximum repurchase price of RMB 26.90 per share[24]. Expenses - Operating costs rose by 43.06% to 277,450,669.24, primarily due to increased labor and travel expenses[12]. - The total operating costs for the third quarter of 2021 were ¥786,606,322.33, up from ¥502,442,732.59 in the previous year, indicating an increase of about 56.5%[41]. - R&D expenses increased by 61.59% to 172,816,536.88, reflecting higher investment in research and development[12]. - Research and development expenses increased to 172,816,536.88, up from 106,947,007.97, reflecting a 61.5% rise year-over-year[44]. - The total operating expenses increased significantly, with sales expenses rising to 149,197,155.17 from 96,573,982.39, marking a 54.4% increase[44]. Corporate Governance and Strategy - The company successfully completed the election of the fourth board of directors and supervisory board, enhancing its corporate governance structure[30]. - The company is focusing on expanding its business, enhancing R&D capabilities, and improving core competitiveness as part of its five-year strategic plan[29]. - The company has adjusted the investment structure and progress of fundraising projects, with the expected completion date for projects set to March 2022[25]. - The 2021 stock option incentive plan was approved, granting 4,492,600 stock options to 413 incentive targets, with the registration process ongoing[26]. - The third exercise period of the 2018 stock option incentive plan has been achieved, with 5,942,992 stock options available for exercise, representing 1.50% of the total share capital[28]. Tax and Other Income - The company reported a significant increase in tax expenses, with a 561.17% rise to 3,782,903.77 due to deferred tax asset impacts[12]. - The company received tax refunds amounting to 8,774,935.26, compared to 5,802,620.65 in the previous period, indicating a 51.5% increase in cash inflow from tax refunds[51]. - Other comprehensive income showed a decrease of 250.43% to -221,413.56, mainly due to investment losses[12].

Financial Performance - The company reported a total revenue of RMB 100 million for the first half of 2021, representing a year-on-year increase of 15% compared to the same period in 2020[21]. - The net profit attributable to shareholders for the first half of 2021 was RMB 20 million, an increase of 10% year-on-year[21]. - The company's operating revenue for the reporting period was ¥386,282,442.73, representing a 62.54% increase compared to ¥237,648,080.79 in the same period last year[29]. - The net profit attributable to shareholders was -¥47,121,741.41, a decrease of 26.38% from -¥37,286,163.91 in the previous year[29]. - The net cash flow from operating activities improved to -¥200,885,797.24, a 16.35% increase from -¥240,139,758.54 year-on-year[29]. - The company achieved a gross profit margin of 57.56% in the software industry, with operating revenue increasing by 62.87% compared to the previous year[66]. - The weighted average return on net assets was -3.44%, slightly down from -3.12% in the previous year[29]. - The basic earnings per share for 2020 was RMB 0.4146, while the diluted earnings per share was RMB 0.4081[196]. - For the first half of 2021, the basic and diluted earnings per share were both -RMB 0.1194[196]. - The net asset value per share decreased from RMB 4.93 to RMB 3.39 from 2020 to the first half of 2021[196]. User Growth and Market Expansion - User data showed an increase in active users by 25% compared to the previous year, reaching a total of 1 million active users[21]. - The company plans to expand its market presence by entering three new provinces in the second half of 2021, aiming for a 20% increase in market share[21]. - The company has established a marketing network across multiple provinces, enhancing customer engagement and sales opportunities[53]. - The company is actively expanding its SaaS services in public payment and procurement sectors, aiming to reduce costs and implementation cycles[45]. - The company is actively pursuing new business and market expansion through internal innovation and strategic acquisitions, while being cautious of potential risks[116]. Research and Development - The company has allocated RMB 10 million for research and development in new technologies, focusing on enhancing cybersecurity measures[21]. - The company has invested in R&D to develop core technologies such as cloud computing and big data, enhancing its product offerings[52]. - Research and development expenses amounted to ¥108,794,172.94, accounting for 28.16% of operating revenue, with a year-on-year growth of 55.92%[58]. - The company plans to continue its focus on technology research and development as a long-term growth driver, particularly in the digital city and rural digitalization sectors[58]. Risks and Challenges - The company faces risks including market competition and potential core technology leakage, which could impact future performance[6]. - The company is at risk of policy changes affecting tax incentives for the software industry, which could impact its financial performance[106]. - The company is committed to improving information security management to mitigate potential risks associated with software defects and data breaches[111]. - The company aims to mitigate the risk of accounts receivable by strengthening customer relationships and improving credit management[116]. Subsidiaries and Acquisitions - The subsidiary Beijing Bosi Zhixin Internet Technology Co., Ltd. reported a net loss of approximately CNY 13.64 million[101]. - The subsidiary Bosi Shucai Technology Development Co., Ltd. reported a net loss of approximately CNY 44.12 million[101]. - The subsidiary Fujian Bosi Digital Technology Co., Ltd. reported a net loss of approximately CNY 15.16 million[105]. - The company is in the process of acquiring 78.00% equity in Guangdong Ruilian, with necessary confidentiality measures in place during the feasibility study[138]. - The company plans to acquire 78.00% equity of Guangdong Ruilian in a cash transaction[144]. Corporate Governance and Shareholder Matters - The company completed the election of the fourth board of directors and supervisory board, enhancing its corporate governance structure[184]. - The company reported a significant increase in asset valuation, with an assessed value of 46,376.48 million yuan, representing an increase of 957.21% over the audited net asset value of 4,386.67 million yuan[160]. - The company distributed cash dividends of 1.20 RMB per 10 shares, totaling 33,865,762.80 RMB, and also increased capital by 4 shares for every 10 shares held[181]. - The company plans to implement a stock option incentive plan, granting 4.5 million stock options to 415 recipients, representing 1.14% of the total share capital[128]. - The company has implemented stock option plans, with 1,789,806 options exercised during the reporting period[194]. Financial Management and Investments - The total investment amount for the reporting period was 109,886,259.52, a decrease of 69.24% compared to the previous year[76]. - The company has committed to providing accurate and complete information regarding the acquisition, with legal liability for any misleading statements[144]. - The total amount of entrusted financial management during the reporting period is CNY 275 million, with an outstanding balance of CNY 195 million[95]. - The company has not experienced any significant changes in project feasibility or any major changes in the use of raised funds[88]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[132].

Financial Performance - The company's operating revenue for 2020 was ¥1,136,315,468.28, representing a 26.43% increase compared to ¥898,768,211.80 in 2019[26]. - The net profit attributable to shareholders for 2020 was ¥161,771,701.18, a 51.42% increase from ¥106,833,899.34 in 2019[26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥128,848,651.47, up 30.12% from ¥99,022,802.26 in 2019[26]. - The net cash flow from operating activities for 2020 was ¥185,250,981.66, an increase of 61.18% compared to ¥114,937,171.25 in 2019[26]. - The basic earnings per share for 2020 was ¥0.5804, a 37.93% increase from ¥0.4208 in 2019[26]. - The total assets at the end of 2020 were ¥2,140,932,920.99, an 18.32% increase from ¥1,809,451,674.47 at the end of 2019[26]. - The company achieved operating revenue of 1,136.32 million yuan in 2020, representing a year-on-year growth of 26.43%[59]. - Net profit attributable to shareholders reached 161.77 million yuan, with a year-on-year increase of 51.42%[59]. - R&D expenses amounted to 167.08 million yuan, accounting for 14.70% of operating revenue, reflecting a growth of 26.57% compared to the previous year[59]. Dividend Distribution - The company plans to distribute a cash dividend of 1.2 RMB per 10 shares to all shareholders, based on a total of 282,214,690 shares[7]. - The cash dividend for 2020 was set at ¥1.20 per 10 shares, with a total cash dividend amount of ¥33.87 million, representing 20.93% of the net profit attributable to ordinary shareholders[164]. - The total distributable profit for the year was ¥293.78 million, with the cash dividend amounting to 100% of the total profit distribution[164]. - The company plans to increase its capital reserve by 4 shares for every 10 shares held, alongside the cash dividend distribution[167]. Risk Management - The company faces various risks including market competition, policy risks, and technology development risks, which may impact future performance[7]. - The company is committed to addressing risks related to accounts receivable and goodwill impairment, which are critical for maintaining financial health[7]. - The company recognizes the risk of core technology leakage and personnel turnover, which could negatively impact operations[156]. - The company will enhance its risk management capabilities to address potential technology development and product upgrade risks[152]. - The company emphasizes strengthening long-term relationships with clients to mitigate the risk of uncollectible accounts[159]. Market Expansion and Technological Innovation - The company is focused on expanding its digital government services through platforms like Tongjiao Cloud and Gongcai Cloud, enhancing public service efficiency[16]. - The company reported significant growth in its SaaS offerings, which are crucial for its future revenue streams[16]. - The company is actively pursuing market expansion and technological upgrades to maintain competitive advantage[7]. - The company is actively expanding its "Digital Village" business in response to national rural revitalization strategies, establishing subsidiaries to explore related opportunities[62]. - The company is focusing on digital economy opportunities, particularly in the development of digital rural services[59]. - The company is enhancing its product development in cloud technology, big data, and blockchain to improve core technology and comprehensive solutions[87]. - The company is enhancing its public procurement electronic management platform to improve service functionality and expand its market share in this sector[146]. Governance and Compliance - The company emphasizes the importance of accurate financial reporting and has declared that the financial report is true, accurate, and complete[5]. - The company's governance structure includes a board of directors and supervisory board, ensuring accountability and transparency in operations[5]. - The company has committed to enhancing post-merger management to ensure the stable development of acquired subsidiaries[159]. - The company has established a profit distribution policy to ensure continuous and stable returns to shareholders[163]. - The company has taken necessary confidentiality measures during the feasibility study of the acquisition[172]. - The company has ensured compliance with regulations regarding major asset restructuring[174]. Investment and Financial Strategy - The company plans to enhance its sustainable profitability by acquiring the remaining 49% equity of 博思致新, which is expected to strengthen its product and technology advantages in the e-government sector[62]. - The company invested ¥58,000,000 in the construction of an artificial intelligence industrial park to support future business growth and attract high-quality R&D talent[63]. - The company plans to acquire 78.00% equity of Guangdong Ruilian in a cash transaction[172]. - The company has committed to providing accurate and complete information regarding the acquisition[183]. - The company will not transfer its shares in the company until the commitments are fulfilled[188]. Operational Efficiency - The company is continuously improving its internal control systems and management frameworks to adapt to changing external environments and enhance operational efficiency[63]. - The company plans to enhance operational efficiency and reduce costs to improve profitability, aiming for a more effective management of raised funds[198]. - The company has outlined measures to fill the diluted immediate returns, including improving daily operational efficiency and accelerating project implementation[198]. - The company is committed to maintaining investor confidence by implementing strategies to mitigate risks and improve business performance[198]. Research and Development - The company has actively increased R&D investment to enhance its product competitiveness, focusing on electronic invoicing and non-tax revenue collection systems[87]. - The company invested CNY 167,084,103.25 in R&D, accounting for 14.70% of its revenue in 2020, with a total R&D personnel count of 1,342[93]. - The company will increase its research and development investment to upgrade products and improve user experience, focusing on internet-based financial informationization products[146].

Financial Performance - The company's operating revenue for Q1 2021 was ¥133,788,537.03, representing an increase of 85.71% compared to ¥72,041,453.94 in the same period last year[8]. - The net profit attributable to shareholders was -¥37,244,748.07, an improvement of 19.16% from -¥46,074,736.35 year-on-year[8]. - The basic earnings per share for the period was -¥0.1324, which is a 22.25% improvement from -¥0.1703 in the same quarter last year[8]. - The net loss for the current period was ¥61,995,664.86, compared to a net loss of ¥57,603,417.47 in the previous period, reflecting a deterioration in performance[89]. - The total revenue for the current period was 146,722,189.08 CNY, compared to 50,579,813.40 CNY in the previous period, representing an increase of approximately 189.5%[100]. - The net profit for the current period was 106,227,914.31 CNY, while the previous period recorded a net loss of 20,131,231.77 CNY, indicating a significant turnaround[99]. Cash Flow and Investments - The net cash flow from operating activities was -¥214,315,366.84, showing a slight improvement of 1.88% compared to -¥218,429,493.86 in the previous year[8]. - The cash flow from investing activities resulted in a net outflow of -249,171,672.96 CNY, compared to a net inflow of 44,179,071.00 CNY in the previous period[103]. - The cash flow from financing activities generated a net inflow of 50,035,809.00 CNY, compared to 49,376,560.73 CNY in the previous period[106]. - The company received 52,148,641.82 CNY from new investments during the current period, an increase from 16,613,984.50 CNY in the previous period[106]. - The company reported a significant increase in cash inflow from sales and services, totaling 168,861,478.09 CNY, up from 78,376,335.69 CNY in the previous period[100]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,032,695,699.22, a decrease of 5.06% from ¥2,140,932,920.99 at the end of the previous year[8]. - The company's equity attributable to shareholders decreased from ¥1,382,941,083.10 to ¥1,364,011,209.08, a decrease of approximately 1.3%[74]. - Total liabilities decreased from ¥615,095,928.99 to ¥519,451,848.29, a decline of about 15.5%[71]. - The total current assets as of March 31, 2021, are approximately 1.34 billion yuan, down from approximately 1.50 billion yuan as of December 31, 2020[65]. - The total liabilities rose from 615,095,928.99 CNY to 660,426,698.36 CNY, with a significant increase in lease liabilities[114]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 16,864[12]. - The largest shareholder, Chen Hang, holds 17.78% of the shares, amounting to 50,177,739 shares[12]. Research and Development - The company’s research and development expenses rose by 43.65% to 48.43 million yuan, reflecting an increase in R&D personnel[22]. - The company is committed to strengthening its technology development and product upgrade capabilities to meet the evolving demands of the electronic government sector[32]. - The company reported a significant seasonal sales pattern, with most revenue concentrated in the second half of the year, particularly in Q4[36]. Market and Competition - The company faces increasing market competition as the electronic fiscal ticket management software market matures, which may lead to price declines and challenges in maintaining market share[29]. - The company emphasizes the importance of policy risk management, as changes in government support for the software industry could impact its operational performance[31]. Strategic Initiatives - The company plans to leverage capital market advantages for business expansion through internal innovation and strategic acquisitions[35]. - The company signed a cooperation framework agreement with Tencent Cloud on January 5, 2021, to enhance long-term collaboration[39]. - The company approved the use of up to 30 million yuan of idle funds for cash management on January 5, 2021, to improve fund efficiency[39].

Financial Performance - Operating revenue for the reporting period was CNY 251,984,682.23, an increase of 46.26% year-on-year[8]. - Net profit attributable to shareholders was CNY 41,139,780.78, representing a growth of 50.35% compared to the same period last year[8]. - Basic earnings per share for the reporting period were CNY 0.1477, up 37.52% from the previous year[8]. - The company reported a total operating income for the current period of ¥489,632,763.02, an increase of 25.1% compared to ¥391,659,496.08 in the previous period[84]. - The net profit for the current period is 44,486,984.00, compared to 31,091,798.40 in the previous period, indicating a year-over-year increase of about 43.2%[73]. - The total profit for the current period is 47,212,861.04, compared to 34,649,219.93 in the previous period, which is an increase of about 36.2%[73]. Cash Flow - The net cash flow from operating activities was CNY 23,756,894.45, a significant increase of 358.75% year-on-year[8]. - Cash inflow from operating activities totaled CNY 478,093,054.38, an increase from CNY 331,767,075.31 in the prior period[101]. - The net cash flow from operating activities was CNY -216,382,864.09, worsening from CNY -166,131,551.28 year-over-year[101]. - Cash inflow from investment activities was CNY 291,328,204.14, significantly higher than CNY 4,308,580.47 in the previous period[104]. - The net cash flow from investment activities was CNY 113,337,854.97, improving from CNY -66,886,080.25 year-over-year[104]. - Cash inflow from financing activities was CNY 223,197,244.61, down from CNY 573,971,386.44 in the prior period[104]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,767,606,543.94, a decrease of 2.31% compared to the end of the previous year[8]. - The company reported a total asset of CNY 1,767,606,543.94 as of September 30, 2020, a decrease from CNY 1,809,451,674.47 at the end of 2019[51]. - Current assets totaled CNY 1,129,784,264.85, down from CNY 1,265,566,912.00 at the end of 2019, indicating a decline of approximately 10.73%[51]. - The total liabilities decreased to ¥470,176,961.22 from ¥382,486,999.42, indicating a rise of about 23%[67]. - The company’s total liabilities were not specified, but the increase in short-term borrowings suggests a potential rise in overall leverage[54]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 19,123[12]. - A major shareholder, Fujian Electronic Information Group, plans to reduce its holdings by up to 5,566,262 shares, representing 1% of the total share capital[37]. - The company reported a credit impairment loss of -10,517,669.15, compared to -4,432,036.73 in the previous period, indicating a worsening in credit quality[73]. Investments and Acquisitions - The company plans to acquire 49% of Beijing Bosi Zhixin Internet Technology Co., Ltd. for a transaction price of 243.04 million yuan and raise up to 16 million yuan through a private placement of shares[31]. - The company completed the acquisition of the remaining equity in Inner Mongolia Jincai Information Technology Co., Ltd. and Guangdong Ruilian Technology Co., Ltd., making them wholly-owned subsidiaries[32]. - The company established two new subsidiaries, "Shucai Xiaobo Technology Development Co., Ltd." and "Fujian Bogeng Technology Co., Ltd." through joint investments, which have completed business registration[32]. Research and Development - R&D expenses rose by 31.81% to approximately CNY 106.95 million, due to an increase in R&D personnel[26]. - Research and development expenses increased to 37,171,543.15 from 29,650,460.84, reflecting a rise of approximately 25.3%[73]. - Research and development expenses increased to ¥106,947,007.97, representing a rise of 31.7% from ¥81,134,999.31 year-over-year[84]. Equity and Capital - The company’s total equity increased by 30.17% to approximately CNY 278.55 million, due to capital reserves being converted into share capital[26]. - The company reported goodwill of CNY 274,363,185.50, up from CNY 260,809,371.67, indicating an increase of approximately 5.2%[54]. - The total equity attributable to the parent company was $1,215,505,317.13, indicating a stable equity position[121].

Financial Performance - The company reported a significant increase in revenue for the first half of 2020, with total revenue reaching RMB 150 million, representing a year-on-year growth of 25%[18]. - The company's operating revenue for the reporting period was ¥237,648,080.79, representing an increase of 8.33% compared to the same period last year (¥219,379,442.14) [26]. - The company achieved operating revenue of 237.65 million yuan in the first half of 2020, representing an 8.33% year-on-year growth[63]. - The net profit attributable to shareholders was -¥37,286,163.91, a decrease of 60.86% from the previous year's net profit of -¥23,179,654.26 [26]. - The net profit after deducting non-recurring gains and losses was -¥60,489,600.01, which is a 137.09% decline compared to -¥25,513,880.94 in the same period last year [26]. - The overall financial health remains strong, with a net profit margin of 12% for the first half of 2020, indicating effective cost management[18]. - The company reported a basic and diluted earnings per share of -¥0.1395, a decline of 39.22% from -¥0.1002 in the same period last year [26]. - The company's net asset value per share decreased from RMB 5.68 in 2019 to RMB 4.15 in the first half of 2020[175]. Revenue Guidance and Projections - The company has set a revenue guidance for the second half of 2020, projecting a growth rate of 20% year-on-year, aiming for a total revenue of RMB 180 million[18]. - New product launches are expected to contribute an additional RMB 30 million in revenue, with a focus on enhancing digital government services[18]. User Growth and Market Expansion - User data showed an increase in active users, with the number of registered users growing to 1.2 million, up 30% compared to the same period last year[18]. - The company is expanding its market presence, targeting new regions with a planned investment of RMB 10 million in marketing and sales efforts[18]. - The company has established an operational network across multiple provinces and municipalities, enhancing its service capabilities through remote, telephone, and on-site support[43]. Research and Development - Research and development expenses increased by 15%, totaling RMB 20 million, to support the development of new technologies and products[18]. - R&D expenses amounted to 69.78 million yuan, accounting for 29.36% of operating revenue, with a year-on-year increase of 35.53%[63]. - The company focuses on continuous product innovation and has developed a range of core technologies, including cloud computing and big data solutions for government services[50]. Financial Health and Cash Flow - The net cash flow from operating activities was -¥240,139,758.54, a decrease of 40.18% from -¥171,310,182.29 in the previous year [26]. - Cash and cash equivalents decreased by 32.29% during the reporting period, attributed to expenditures related to the renovation of the R&D building and dividend distribution[47]. - Cash and cash equivalents net increase was -199,573,746.40 CNY, a 9.87% decrease compared to the previous period, mainly due to increased income[66]. Investment and Acquisitions - The company has identified potential acquisition targets in the software sector to enhance its service offerings and market share[18]. - The company plans to enhance its sustainable profitability by acquiring the remaining 49% equity of Boshi Zhixin through a share issuance[58]. - The company aims to raise up to 16,000 million yuan through a private placement of shares[161]. Risks and Challenges - The management highlighted risks including market competition and technology development, which could impact future performance[6]. - The COVID-19 pandemic has pressured government budgets, leading to delayed project implementations and slower business development, but also accelerated the transformation of government services towards digitalization[43]. - The company acknowledges the risk of increased personnel costs due to rising employee salaries and aims to enhance operational efficiency to maintain profitability[120]. Shareholder Information - The total share capital increased to 278,310,785 shares after a cash dividend distribution of RMB 1.10 per share and a capital reserve conversion of 3 shares for every 10 shares held[173]. - The total number of common shareholders at the end of the reporting period was 14,139[180]. - The largest shareholder, Chen Hang, holds 18.03% of the shares, totaling 50,177,739 shares[184]. Corporate Governance - The company held its first extraordinary general meeting of 2020 on April 13, with a participation rate of 44.99%[126]. - The annual general meeting for 2019 took place on May 18, with a participation rate of 41.11%[126]. - The company’s board has approved the nomination of a new director to ensure proper governance[161].

Financial Performance - Total revenue for Q1 2020 was ¥72,041,453.94, a decrease of 12.26% compared to ¥82,106,032.82 in the same period last year[8] - Net profit attributable to shareholders was -¥46,074,736.35, representing a decline of 97.04% from -¥23,383,056.20 year-on-year[8] - Basic and diluted earnings per share were both -¥0.2214, a decrease of 74.47% compared to -¥0.1269 in the same period last year[8] - The company's net profit attributable to shareholders for Q1 2020 was a loss, which expanded compared to the same period last year due to the impact of the pandemic and seasonal business fluctuations[29] - The company reported a net loss of ¥57,603,417.47 for the current period, compared to a net loss of ¥27,725,023.13 in the previous period, indicating a significant decline in profitability[89] - Total comprehensive loss for the period was ¥57,603,417.47, compared to a loss of ¥27,725,023.13 in the prior period, reflecting a significant increase in overall losses[91] Cash Flow - Net cash flow from operating activities was -¥218,429,493.86, down 88.62% from -¥115,802,529.02 in the previous year[8] - Cash flow from operating activities decreased by 88.62% to -218,429,493.86, mainly due to reduced cash receipts and increased operational expenditures[28] - Cash inflow from operating activities totaled 57,878,109.23, down from 61,789,586.35 year-over-year[106] - Cash outflow from operating activities increased to 116,089,295.06, compared to 83,482,752.93 in the previous period[106] - The net cash flow from investing activities was 30,351,518.44, recovering from -15,386,085.20 in the previous period[106] - The net cash flow from financing activities was 38,059,060.73, a recovery from -1,500,000.00 in the previous period[108] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,666,941,994.76, a decrease of 7.88% from ¥1,809,451,674.47 at the end of the previous year[8] - Total current assets decreased to ¥1,067,149,334.00 from ¥1,265,566,912.00, indicating a decline of approximately 15.6%[71] - The total liabilities decreased from ¥406,893,936.70 to ¥495,621,619.82, showing a reduction of approximately 18.0%[76] - The company's non-current assets totaled ¥599,792,660.76, compared to ¥543,884,762.47, marking an increase of about 10.3%[74] - Total liabilities reached CNY 495,621,619.82, with current liabilities at CNY 454,266,980.18[111] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,732[14] - The largest shareholder, Chen Hang, held 18.03% of the shares, amounting to 38,598,261 shares[14] - Net assets attributable to shareholders were ¥1,172,352,568.54, down 3.55% from ¥1,215,505,317.13 at the end of the previous year[8] Operational Expenses - Sales expenses increased by 33.89% to 25,949,811.50, mainly due to the growth in sales personnel costs[24] - R&D expenses grew by 31.43% to 33,711,842.76, primarily due to increased personnel costs in R&D[24] - Total operating costs increased to CNY 129,017,856.93 from CNY 106,263,834.19, representing a rise of 21.4%[87] Market and Competition - The company faces risks from market competition, particularly in the electronic government sector, which may affect pricing and market share[32] - The company is exposed to policy risks that could impact tax benefits and operational activities if government policies change[32] Strategic Initiatives - The company continues to invest in R&D and new product development despite the pandemic's impact on operations[32] - The company is actively expanding into new business areas through internal innovation and external strategic acquisitions, while being cautious of risks such as insufficient professional teams and market misjudgments[36] - The company is focusing on market expansion and new product development as part of its strategic initiatives moving forward[90] Employee and Compensation - The company has over 3,000 employees at the end of the reporting period, showing significant growth compared to the same period last year[29] - Rising personnel costs are a concern as the company expands its workforce and average salaries increase[35] - The company is focusing on optimizing internal organization and mechanisms to enhance employee efficiency while improving employee compensation[36] Goodwill and Impairment Risks - The company has formed goodwill of ¥260.81 million during acquisitions, which may face impairment risks if the acquired companies do not meet profit expectations[41] Other Financial Metrics - The company reported a significant increase in other income by 195.25% to 4,860,695.26, mainly from increased government subsidies[24] - The company reported no significant changes in project feasibility or non-compliance with external guarantees during the reporting period[66][67]

Dividend Distribution - The company plans to distribute a cash dividend of 1.1 RMB per 10 shares to all shareholders, based on a total of 214,085,219 shares[7]. - The company has approved a profit distribution plan during the board meeting, indicating a commitment to shareholder returns[7]. - The cash dividend represents 22.04% of the net profit attributable to ordinary shareholders, which is RMB 106,833,899.34 for the year 2019[149]. - The company will also increase its share capital by 3 shares for every 10 shares held, resulting in a total share capital of 278,310,785 shares after the distribution[148]. - The company has maintained a cash dividend payout ratio of 100% of the distributable profit for the year[148]. - In the past three years, the cash dividend amounts were RMB 15,126,720.00 in 2017, RMB 25,927,200.00 in 2018, and RMB 23,549,374.09 in 2019[149]. - The company is in a growth phase and has significant capital expenditure plans, with a minimum cash dividend ratio of 20% required during profit distribution[148]. Financial Performance - The company's operating revenue for 2019 was ¥898,768,211.80, representing a 60.90% increase compared to ¥558,594,681.40 in 2018[26]. - The net profit attributable to shareholders for 2019 was ¥106,833,899.34, a 25.17% increase from ¥85,349,226.11 in 2018[26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥99,022,802.26, up 21.76% from ¥81,323,906.13 in 2018[26]. - The net cash flow from operating activities for 2019 was ¥114,937,171.25, an increase of 25.37% compared to ¥91,681,083.51 in 2018[26]. - The total assets at the end of 2019 were ¥1,809,451,674.47, a 69.31% increase from ¥1,068,697,372.59 at the end of 2018[26]. - The net assets attributable to shareholders at the end of 2019 were ¥1,215,505,317.13, a 99.34% increase from ¥609,759,056.90 at the end of 2018[26]. - The basic earnings per share for 2019 was ¥0.5470, reflecting a 19.72% increase from ¥0.4569 in 2018[26]. - The diluted earnings per share for 2019 was ¥0.5338, up 16.88% from ¥0.4567 in 2018[26]. Business Strategy and Development - The company is focused on expanding its market presence and developing new technologies to enhance its service offerings[7]. - The company aims to leverage SaaS (Software-as-a-Service) models to improve operational efficiency and customer engagement[16]. - The company is actively involved in the development of electronic payment solutions and digital government services to enhance public service delivery[16]. - The company is dedicated to building a digital city infrastructure to support smart city initiatives and improve citizen services[16]. - The company has developed a unified public payment platform to enhance connectivity between various systems, supporting a one-stop online service for public payments[40]. - The company has expanded its SaaS services across three major business areas, focusing on public payment services and electronic transaction services in public procurement[41]. - The company has established a comprehensive software product line covering government procurement, including platforms for electronic bidding and supplier services[40]. - The company is leveraging cloud technology, big data, and blockchain in its product offerings to improve service delivery and innovation[57]. Risks and Challenges - The company faces various risks including market competition, policy risks, and technology development risks, which may impact future performance[7]. - The company emphasizes the importance of information security and management risks, highlighting potential challenges in core technology leakage and personnel turnover[7]. - The company acknowledges the risk of rising personnel costs due to increasing employee numbers and average salaries, which could impact profitability if business growth does not meet expectations[139]. - The company recognizes the seasonal nature of its sales, with a significant portion of revenue typically realized in the fourth quarter[139]. - The company plans to enhance its policy risk management capabilities and market development efforts to ensure sustainable growth in its main business[135]. Research and Development - Research and development expenses amounted to 132.01 million yuan, representing 14.69% of operating revenue, with a year-on-year increase of 52.50%[57]. - The number of R&D personnel increased to 1,120, up from 889 in the previous year, indicating a focus on enhancing product development capabilities[89]. - The company will increase R&D investment to upgrade products and improve user experience, particularly in fiscal electronic invoices and public procurement solutions[129]. Acquisitions and Investments - The company is in the process of acquiring 78.00% equity in Guangdong Ruilian, with necessary confidentiality measures in place during the feasibility study[153]. - The company plans to acquire 78.00% equity of Guangdong Ruilian in a cash transaction[156]. - The acquisition is part of a broader strategy for market expansion and technological advancement[156]. - The company has committed to maintaining confidentiality during the restructuring process and has not engaged in insider trading[156]. - The company has made a significant equity investment of ¥130,000,000.00 in BoSi Data Technology Development Co., Ltd., acquiring 100% ownership[101]. Compliance and Governance - The company has taken necessary measures to ensure compliance with regulatory requirements during the restructuring[158]. - The management has a good integrity record with no significant civil litigation or arbitration in the last five years[159]. - The company has committed to transparency and compliance throughout the acquisition process[162]. - The company has established measures to stabilize its stock price, which will be in effect for six months after certain obligations are fulfilled[186]. - The company has committed to not engaging in any related party transactions that are non-operational, including but not limited to providing loans or guarantees to entities controlled by the individual[186].