Financial Performance - Total operating revenue for the first half of 2018 was ¥113,512,322.76, representing a 51.11% increase compared to ¥75,119,807.63 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was -¥14,057,412.88, a decrease of 388.95% from ¥4,864,964.88 in the previous year[20]. - Basic earnings per share were -¥0.1146, a decline of 388.66% from ¥0.0397 in the previous year[20]. - The company reported a net profit after deducting non-recurring gains and losses of -¥14,938,720.12, a decline of 411.85% from ¥4,790,325.96 in the previous year[20]. - The net cash flow from operating activities was -¥95,382,502.30, worsening by 125.48% compared to -¥42,302,352.76 in the same period last year[20]. - The weighted average return on net assets was -2.96%, a decrease of 4.11% compared to 1.15% in the previous year[20]. - The company reported a significant loss of approximately 6.04 million in the first half of 2018, with a net profit of -6,020,225.51[73]. - The net profit for the current period was a loss of ¥17,018,815.92, compared to a profit of ¥3,742,256.46 in the previous period, marking a decline of over 554%[146]. Assets and Liabilities - Total assets at the end of the reporting period were ¥710,858,487.87, down 11.65% from ¥804,561,302.12 at the end of the previous year[20]. - Current assets decreased from CNY 525,286,810.46 to CNY 409,597,945.94, a decline of about 22%[136]. - The company's total liabilities decreased from CNY 297,634,399.75 to CNY 236,077,121.42, a reduction of approximately 20.7%[137]. - The equity attributable to owners of the parent company decreased from ¥443,169,954.68 to ¥413,115,447.88, a decline of approximately 6.8%[142]. - Cash and cash equivalents decreased by 50.82% due to external equity investments and dividend payments[32]. - The total liabilities at the end of the period were reported at 25,651,000.00, indicating a stable financial position[162]. Investment and Cash Flow - The company’s cash flow from investment activities was -¥43,087,467.05, a decline of 642.71% from -¥5,801,417.18, influenced by unreturned financial investments[44]. - The company’s financing activities generated a net cash flow of -¥15,714,454.29, a decrease of 332.25% from ¥6,766,058.12, due to cash outflows for dividends[44]. - The net cash flow from operating activities was -62,562,752.09 CNY, compared to -29,169,739.77 CNY in the previous period, indicating a decline in operational efficiency[156]. - The total cash outflow from investing activities amounted to 104,411,882.31 CNY, significantly higher than 12,610,674.39 CNY in the prior period, reflecting increased investment efforts[156]. Research and Development - R&D expenses amounted to 29.41 million RMB, accounting for 25.91% of operating revenue, representing a 98.07% increase compared to the same period last year[39]. - The company emphasized ongoing research and development efforts, particularly in software solutions, to enhance market competitiveness[163]. - The company has invested significantly in information security measures to mitigate risks associated with software defects and data breaches[76]. Market and Competition - The company faces various risks including market competition, policy risks, and technology development risks[5]. - The company faces increasing market competition as the market for electronic fiscal ticket management matures, potentially impacting pricing and market share[75]. - The government procurement sector is experiencing a shift towards electronic procurement, enhancing efficiency and transparency[31]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[6]. - A cash dividend of 2.10 RMB per 10 shares was distributed to shareholders, totaling 15.13 million RMB[39]. - The total number of common shareholders at the end of the reporting period is 9,205[118]. - The largest shareholder, Chen Hang, holds 19.85% of shares, totaling 25,732,174 shares, with 17,225,800 shares pledged[118]. Strategic Initiatives - The company is actively involved in the development of smart city projects, aligning with national policies promoting digital and smart urban development[31]. - The company plans to acquire the remaining 70% equity of Jilin Jin Cai Technology Co., Ltd. for RMB 40.495 million, completing the acquisition will result in 100% ownership[106]. - The company has a plan for market expansion and potential mergers, as indicated by the acquisition agreement[107]. Compliance and Governance - The company adheres to the Chinese Accounting Standards, ensuring that its financial statements accurately reflect its financial position and operating results[176]. - The company has maintained its ability to continue as a going concern for at least 12 months from the reporting date, indicating financial stability[174]. - The company has not faced any major litigation or arbitration matters during the reporting period[88].

Financial Performance - The company achieved operating revenue of CNY 309,882,371.93 in 2017, representing an increase of 80.95% compared to CNY 171,251,296.12 in 2016[16]. - Net profit attributable to shareholders was CNY 54,685,146.71, a year-on-year increase of 42.78% from CNY 38,301,620.49 in 2016[16]. - The net cash flow from operating activities reached CNY 56,187,904.96, up 70.28% from CNY 32,997,092.55 in the previous year[16]. - Basic earnings per share rose to CNY 0.8026, reflecting a growth of 21.88% from CNY 0.6585 in 2016[16]. - Total assets increased by 67.46% to CNY 804,561,302.12 at the end of 2017, compared to CNY 480,442,114.57 at the end of 2016[16]. - The company’s net profit after deducting non-recurring gains and losses was CNY 53,961,830.30, a 49.64% increase from CNY 36,060,538.97 in 2016[16]. - The weighted average return on equity was 12.13%, slightly up from 12.08% in the previous year[16]. - The company's total revenue for the reporting period reached 309.88 million yuan, an increase of 80.95% compared to the same period last year[35]. - Net profit attributable to shareholders was 54.69 million yuan, representing a year-on-year growth of 42.78%[35]. Market Expansion and Acquisitions - The company expanded its market presence significantly in North China and completed the acquisition of Inner Mongolia Jincai, contributing to revenue growth[27]. - The company acquired 70% of Inner Mongolia Jincai Information Technology Co., Ltd., enhancing its market presence in the region[37]. - Software development and sales revenue increased by 33.25 million yuan, driven by successful expansion into regions such as Ningxia, Hainan, Tianjin, and Shanghai[35]. - Technical service revenue rose by 96.06 million yuan, attributed to ongoing maintenance services for clients after the free service period ended[35]. - The company is focused on expanding its market presence through strategic acquisitions and investments in technology development[67]. Research and Development - The company increased its R&D expenditure to 48.66 million yuan, accounting for 15.70% of total revenue, a 99.03% increase year-on-year[36]. - The company increased R&D investment to ¥48,655,797.15 in 2017, representing 15.70% of operating revenue, up from 14.27% in 2016[57]. - The number of R&D personnel rose to 389, accounting for 32.98% of the total workforce, compared to 29.63% in 2016[57]. - The company continues to develop new internet payment products to support government and administrative units in online payment services[26]. Risks and Challenges - The company faces various risks including market competition, technology development, product upgrade risks, and significant accounts receivable balances[4]. - The company is at risk of technological obsolescence if it fails to keep pace with rapid advancements in software development and information security requirements[85]. - A significant portion of the company's revenue is derived from Fujian province, which poses a risk if there are adverse changes in that market[86]. - The company is vulnerable to core technology leakage and the loss of key personnel, which could negatively impact its competitive advantage[86]. - The company faces risks from increasing market competition as more software firms enter the electronic fiscal ticket management sector[86]. Profit Distribution and Shareholder Policies - The company reported a profit distribution plan based on a base of 72,032,000, proposing a cash dividend of 2.10 RMB per 10 shares (tax included) and a capital reserve increase of 8 shares per 10 shares[4]. - The company proposed a cash dividend of RMB 2.10 per 10 shares, totaling RMB 15.13 million, which represents 27.66% of the net profit attributable to shareholders[96]. - The cash dividend accounted for 100% of the total profit distribution in the reporting period[93]. - The company’s cash dividend policy is compliant with its articles of association and ensures the protection of minority shareholders' rights[93]. - The company commits to distributing cash dividends amounting to no less than 30% of the distributable profits achieved in the current year[101]. Corporate Governance and Management - The company has established a strong talent acquisition strategy, enhancing its human resources structure to support its growth objectives[84]. - The company has a structured remuneration plan based on operational performance and management responsibilities[169]. - The board of directors consists of 9 members, including 3 independent directors, complying with legal requirements[180]. - The company strictly adheres to information disclosure regulations, ensuring timely and accurate communication with investors[182]. - The company maintains complete independence from its controlling shareholder in business, personnel, assets, organization, and finance[184]. Future Outlook and Strategic Plans - The company aims to leverage the government's push for electronic fiscal ticket management and non-tax revenue collection to build a comprehensive ecosystem around electronic fiscal tickets and mobile payment services[81]. - In 2018, the company plans to expand its government procurement market and enhance its service offerings in social security, healthcare, and education sectors[82]. - The company will focus on continuous product upgrades and the development of internet-based fiscal information products to meet evolving customer needs[82]. - The company is considering strategic acquisitions to enhance its product offerings and market presence, with a budget of 500 million RMB allocated for potential deals[98]. Employee and Shareholder Engagement - The company has established partnerships with three major tech firms to enhance its service delivery and customer engagement[98]. - The company has communicated transparently with investors through various channels, enhancing transparency and credibility[137]. - The company held three temporary shareholder meetings in 2017, with investor participation rates of 52.38%, 42.87%, and 32.22% respectively[186]. - The company has a total of 12 board members, including 4 independent directors[169].

Financial Performance - The company's operating revenue for 2017 was CNY 309,882,371.93, representing an increase of 80.95% compared to CNY 171,251,296.12 in 2016[15]. - The net profit attributable to shareholders for 2017 was CNY 54,685,146.71, a growth of 42.78% from CNY 38,301,620.49 in the previous year[15]. - The net profit after deducting non-recurring gains and losses was CNY 53,961,830.30, up 49.64% from CNY 36,060,538.97 in 2016[15]. - The net cash flow from operating activities reached CNY 56,187,904.96, marking a 70.28% increase from CNY 32,997,092.55 in 2016[15]. - The total assets at the end of 2017 amounted to CNY 804,561,302.12, a 67.46% increase from CNY 480,442,114.57 at the end of 2016[15]. - The net assets attributable to shareholders were CNY 481,275,603.05, reflecting a 13.99% increase from CNY 422,225,359.08 in 2016[15]. - The basic earnings per share for 2017 was CNY 0.8026, an increase of 21.88% compared to CNY 0.6585 in 2016[15]. - The diluted earnings per share for 2017 was CNY 0.7986, up 21.28% from CNY 0.6585 in the previous year[15]. - The weighted average return on net assets was 12.13%, slightly up from 12.08% in 2016[15]. Revenue Breakdown - The company achieved operating revenue of CNY 30,988.24 million in 2017, representing an increase of 80.95% year-on-year[26]. - Net profit attributable to shareholders was CNY 5,468.51 million, a year-on-year growth of 42.78%[26]. - Software development and sales contributed ¥92,673,545.97, accounting for 29.91% of total revenue, with a year-on-year growth of 55.95%[44]. - Technical services generated ¥203,323,373.65, representing 65.61% of total revenue, with an impressive growth of 89.55%[44]. - Hardware and consumables sales surged by 280.98% to ¥12,378,404.31, making up 3.99% of total revenue[41]. - Northeast region revenue increased by 167.56% to ¥99,353,751.74, accounting for 32.06% of total revenue[42]. - North China region saw a remarkable growth of 290.87%, with revenue reaching ¥50,143,954.29, representing 16.18% of total revenue[44]. Market Expansion and Strategy - Significant market expansion in North China contributed to revenue growth, alongside the acquisition of Inner Mongolia Jincai[26]. - The company expanded its software development and sales revenue by 33.25 million yuan, driven by successful promotions in regions such as North China and acquisitions like Inner Mongolia Jincai[34]. - The company introduced a new generation of internet payment products to support government and administrative units in online payment services[25]. - The company aims to leverage the government's push for electronic fiscal ticket management and non-tax revenue collection to build a comprehensive ecosystem around electronic fiscal tickets and mobile payment services[81]. - In 2018, the company plans to expand its government procurement market and enhance its service offerings, targeting provincial governments and large state-owned enterprises[81]. - The company is planning to expand its market presence in Southeast Asia, targeting a 15% market share within the next two years[98]. Research and Development - R&D expenses amounted to 48.66 million yuan, accounting for 15.70% of operating revenue, reflecting a 99.03% increase year-on-year[35]. - Research and development investments were increased to enhance core product competitiveness, focusing on electronic invoicing and integrated government procurement systems[53]. - The company has allocated 300 million RMB for research and development in the upcoming year to innovate and improve existing products[98]. - The company is investing 100 million RMB in R&D for new technologies, particularly in artificial intelligence and big data analytics[166]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of CNY 2.10 per 10 shares, with no bonus shares issued[4]. - The cash dividend accounted for 100% of the profit distribution total for the year[92]. - The company proposed a cash dividend of RMB 2.10 per 10 shares, totaling RMB 15.13 million, which represents 27.66% of the net profit attributable to shareholders[95]. - The company commits to distributing cash dividends amounting to no less than 30% of the distributable profits achieved in the current year[101]. Governance and Compliance - The company maintains a governance structure compliant with relevant laws and regulations, ensuring equal rights for all shareholders[179]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with governance requirements[180]. - The company has independent financial management and accounting systems, ensuring financial independence from the controlling shareholder[184]. - The company has established a transparent information disclosure system, ensuring timely and accurate communication with investors[182]. - The company reported no significant internal control deficiencies during the reporting period[194]. Employee and Management Structure - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 3.49 million[170]. - The company has several wholly-owned subsidiaries, including Fujian Bosi E-Government Technology Co., Ltd. and Heilongjiang Bosi Software Co., Ltd.[169]. - The total number of employees is 1,234, with 685 in the parent company and 549 in major subsidiaries[173]. - The professional composition includes 970 technical personnel, 128 sales personnel, and 27 financial personnel[173]. - The company emphasizes a salary policy aligned with job value, linking compensation to performance metrics[175]. Risks and Challenges - The company faces risks from increasing market competition as more software firms enter the electronic fiscal ticket management sector[84]. - The company acknowledges potential risks related to information security, customer concentration, and the loss of core technology personnel[84]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 30% based on new product launches and market expansion strategies[98]. - The management team emphasizes a commitment to sustainable growth and innovation as core strategies moving forward[166].

Financial Performance - Total revenue for Q1 2018 was ¥39,875,284.62, representing a 69.44% increase compared to ¥23,533,527.69 in the same period last year[8] - Net profit attributable to shareholders was -¥12,744,812.39, a decrease of 115.80% from -¥5,905,848.66 year-on-year[8] - The company achieved operating revenue of 39.8753 million yuan, a 69.44% increase compared to the same period last year[24] - The net profit attributable to shareholders was -12.7448 million yuan, a decrease of 115.80% year-on-year, primarily due to increased personnel costs from talent acquisition[24] - The total operating revenue for the first quarter was CNY 39,875,284.62, an increase from CNY 23,533,527.69 in the previous year, representing a growth of approximately 69.5%[50] - The total comprehensive loss for Q1 2018 was CNY -15,409,719.81, compared to CNY -7,103,340.01 in the previous year, reflecting a worsening of approximately 117.5%[52] Cash Flow - Net cash flow from operating activities was -¥67,079,017.95, reflecting a 96.63% decline from -¥34,114,561.99 in the previous year[8] - The cash flow from operating activities was -67.079 million yuan, a decrease of 96.63% compared to the previous year, mainly due to increased labor costs and taxes[29] - Cash flow from operating activities included CNY 37,905,433.36 received from sales, compared to CNY 23,745,951.16 in the previous year, showing an increase of approximately 59.6%[57] - Operating cash inflow totaled CNY 42,069,541.72, an increase from CNY 27,614,662.04 in the previous period, reflecting a growth of approximately 52.5%[58] - Operating cash outflow amounted to CNY 109,148,559.67, compared to CNY 61,729,224.03 in the prior period, representing an increase of about 76.5%[58] - The net increase in cash and cash equivalents was negative CNY 81,210,413.10, compared to negative CNY 36,894,993.19 in the prior period[59] Assets and Liabilities - Total assets at the end of the reporting period were ¥750,791,407.28, down 6.68% from ¥804,561,302.12 at the end of the previous year[8] - The total liabilities decreased to CNY 259,274,224.72 from CNY 297,634,399.75, showing a reduction of about 12.9%[44] - The total equity attributable to shareholders decreased to CNY 468,530,790.66 from CNY 481,275,603.05, a decline of approximately 2.7%[45] - Cash and cash equivalents decreased to CNY 142,677,018.29 from CNY 191,431,903.39, a drop of about 25.5%[46] Shareholder Information - Total number of common shareholders at the end of the reporting period is 9,991[14] - The largest shareholder, Chen Hang, holds 19.85% of shares, totaling 14,295,652 shares, with 7,414,800 shares pledged[14] - The top ten shareholders of unrestricted shares include the Fujian Provincial Finance Information Center with 5,580,674 shares[14] Operational Insights - The company is facing increased market competition as more software firms enter the electronic fiscal ticket management sector[10] - The company has developed several key products, including the "Bosi Fiscal Ticket Electronic Management System" and "Bosi Non-Tax Revenue Collection Management System" to capture market share[10] - The company plans to leverage capital market advantages for business expansion through internal innovation and external strategic acquisitions[12] - The company plans to focus on new product development and market expansion strategies in the upcoming quarters[50] Investment Activities - The total amount of raised funds for the quarter was 16,891.8 million, with 1,732.01 million invested during this period[35] - Cumulative investment from raised funds reached 12,586.33 million, with a cumulative change in purpose ratio of 0.00%[35] - The company has committed to several investment projects, with a total investment amount of 17,033.9 million, of which 16,922.97 million has been allocated[36] - The operational service system construction project has an investment completion rate of 70.98%, with 3,145.38 million invested out of 4,431.26 million planned[36] - The technology research center construction project has an investment completion rate of 78.36%, with 1,699.52 million invested out of 2,279.7 million planned[36] Employee Compensation - Employee compensation payable decreased by 74.82% to 8,439,002.96, mainly due to the payment of last year's year-end bonuses[21] - The company reported a decrease in the number of employees, with payable employee compensation dropping to CNY 8,439,002.96 from CNY 33,512,344.28, a significant decline of about 74.8%[44] - The company reported a significant increase in employee compensation payments, totaling CNY 60,051,580.69, up from CNY 31,891,922.81[58] Risk Management - The company emphasizes the importance of information security and has invested significantly in research to mitigate associated risks[11] - The company did not experience any significant changes in its core technology team or major risks that could adversely affect future operations[27] - The company has not encountered any violations regarding the use and management of raised funds, ensuring compliance with disclosure requirements[37] - There were no significant changes in the feasibility of investment projects or any major changes in expected benefits reported[36] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[39]

福建博思软件股份有限公司 2017 年第三季度报告全文 福建博思软件股份有限公司 2017 年第三季度报告 2017-110 2017 年 10 月 1 福建博思软件股份有限公司 2017 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人陈航、主管会计工作负责人郑升尉及会计机构负责人(会计主管 人员)朱红玉声明：保证季度报告中财务报表的真实、准确、完整。 2 福建博思软件股份有限公司 2017 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是√否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增 | | --- | --- | --- | --- | --- | | | | | | 减 | | 总资产（元） | 598,488,979.42 | | 480,442,114.57 | 24.57% | | 归属于上市公司股东的净资产 ...

Financial Performance - Total operating revenue for the reporting period reached ¥75,119,807.63, an increase of 47.35% compared to ¥50,979,231.33 in the same period last year[20]. - Net profit attributable to shareholders of the listed company was ¥4,864,964.88, a slight increase of 1.46% from ¥4,795,049.85 in the previous year[20]. - Net profit after deducting non-recurring gains and losses was ¥4,790,325.96, representing a significant increase of 57.91% from ¥3,033,486.37 in the same period last year[20]. - Basic earnings per share decreased by 23.96% to ¥0.0714 from ¥0.0939 in the same period last year[20]. - The company achieved operating revenue of 75.12 million yuan, representing a year-on-year growth of 47.35%[30]. - Net profit attributable to ordinary shareholders of the listed company was 4.87 million yuan, an increase of 1.46% year-on-year[30]. - The company reported a net profit of 12,560,000.0 with a loss of 2,757,589.26 during the reporting period[70]. - The company's gross profit margin for the period was approximately 3.5%, compared to 3.1% in the same period last year[139]. Cash Flow and Assets - The net cash flow from operating activities was -¥42,302,352.76, a decline of 61.74% compared to -¥26,154,284.50 in the previous year[20]. - The company’s cash and cash equivalents decreased by 10.62% to a net increase of -41,337,711.82 CNY during the reporting period[42]. - Cash received from operating activities amounted to CNY 58,192,966.42, an increase of 51.5% from CNY 38,522,809.39 in the same period last year[146]. - The company reported a total cash inflow from financing activities of 8,099,460.00 CNY, with a net cash flow from financing activities of 6,766,058.12 CNY, compared to a net outflow of -3,051,571.66 CNY in the previous period[148]. - Cash outflow for purchasing goods and services was 14,555,627.58 CNY, up from 10,527,299.09 CNY, representing an increase of approximately 38.3%[147]. - The company’s total assets included cash and cash equivalents of 218,466,714.22 CNY, which accounted for 46.69% of total assets, a significant increase from 10.90% in the previous year[47]. - Current assets totaled ¥308,538,733.48, a decrease of 4.0% from ¥322,756,214.92 at the beginning of the period[130]. Investments and Expenditures - Research and development expenses rose to 14,848,452.23 CNY, marking a 73.26% increase year-on-year, primarily due to increased personnel costs in R&D[42]. - The company’s investment in the reporting period was 25,120,542.41 CNY, reflecting a 100% increase compared to the previous year[50]. - The company made significant equity investments totaling RMB 14.1 million during the reporting period[51]. - The company has utilized CNY 68 million of idle raised funds for cash management, with a maximum limit of CNY 10 million and a usage period not exceeding 12 months[59]. - The company has invested CNY 43,623,104 in advance for the projects funded by raised funds, which has been replaced by the raised funds in the first quarter of 2017[59]. Risks and Challenges - The company faces various risks including market competition, technology development, and customer concentration risks[5]. - The company acknowledges risks related to core technology leakage and the potential loss of key technical personnel, which could adversely affect operations[74]. - The company faces intensified competition from both domestic and foreign software enterprises, which may negatively impact product pricing and market share[72]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares[6]. - The total share capital of the company increased from 68,139,000 shares to 72,032,000 shares due to the registration of 3,839,000 restricted shares on July 19, 2017[107]. - The largest shareholder, Chen Hang, holds 14,295,652 restricted shares, which are subject to a lock-up period until July 27, 2019[109]. - The company has no foreign investment in its shareholding structure, with 100% of shares held by domestic investors[106]. - The total number of shareholders at the end of the reporting period is 10,518[113]. Operational Focus and Strategy - The company focuses on software development and sales, particularly in the field of fiscal ticket electronic management and non-tax revenue management[28]. - The company emphasizes customer satisfaction and loyalty, supported by a strong management team with over ten years of industry experience[32]. - The company aims to leverage capital market advantages for business expansion through internal innovation and external strategic acquisitions[75]. - The company is focused on enhancing customer satisfaction and loyalty through effective technical support and service[74]. Financial Reporting and Compliance - The financial report for the half-year period has not been audited[127]. - Financial statements are prepared in accordance with the Chinese Accounting Standards, reflecting the company's financial position, operating results, and cash flows accurately[168]. - The company confirms its ability to continue as a going concern for at least 12 months from the reporting date[166].

Financial Performance - Total revenue for Q1 2017 was CNY 23,533,527.69, an increase of 0.79% compared to CNY 23,348,216.18 in the same period last year[8] - Net profit attributable to shareholders was CNY -5,905,848.66, a decrease of 452.36% from CNY 1,676,076.41 in the previous year[8] - Basic earnings per share decreased by 400.00% to CNY -0.09 from CNY 0.03 in the same period last year[8] - The company achieved operating revenue of 23.53 million yuan, a year-on-year increase of 0.79%, while net profit attributable to shareholders was -5.91 million yuan, a decline of 452.36% compared to the previous year[23] - Net profit for Q1 2017 was a loss of CNY 7,103,340.01, compared to a profit of CNY 1,731,079.68 in Q1 2016, indicating a significant decline[44] - The total comprehensive income for the first quarter was -5,527,640.80 CNY, compared to 1,091,073.29 CNY in the same quarter last year[49] Cash Flow and Assets - Net cash flow from operating activities was CNY -34,114,561.99, a decline of 31.96% compared to CNY -25,852,457.59 in the previous year[8] - Cash and cash equivalents at the end of the period stood at 222,532,012.85 CNY, down from 56,803,979.62 CNY year-over-year[53] - The company's cash and cash equivalents decreased to CNY 222,921,432.85 from CNY 259,634,866.04[35] - The beginning cash and cash equivalents balance was ¥202,067,280.03, compared to ¥57,576,454.34 in the previous period[57] - The ending cash and cash equivalents balance decreased to ¥175,764,904.44 from ¥30,840,100.62[57] - The total assets at the end of the reporting period were CNY 450,706,120.25, down 6.19% from CNY 480,442,114.57 at the end of the previous year[8] - The company's total assets decreased to CNY 401,592,739.35 from CNY 424,552,029.13, reflecting a reduction of approximately 5.4%[40] - Current assets totaled CNY 230,741,885.59, down from CNY 252,808,722.81, a decrease of about 8.7%[39] Liabilities and Shareholder Information - The total current liabilities decreased significantly to CNY 28,194,981.58 from CNY 50,827,635.89, reflecting a reduction of about 44.5%[37] - The company's equity attributable to shareholders decreased to CNY 383,019,001.35 from CNY 388,546,642.15, a decline of about 1.4%[41] - Total number of common shareholders at the end of the reporting period is 11,035[17] - The largest shareholder, Chen Hang, holds 20.98% of shares, totaling 14,295,652 shares, with 200,000 shares pledged[17] Operational Insights - The company faces intensified market competition as it expands its electronic government services, which may impact pricing and market share[11] - The company emphasizes continuous product upgrades and technological advancements to maintain its competitive edge in the electronic government sector[11] - The company is focused on enhancing information security measures to mitigate potential risks associated with software defects and data breaches[12] - The company plans to leverage capital market resources for internal innovation and external strategic acquisitions to drive business growth[15] - The company is committed to protecting its core technologies and retaining key personnel to sustain its competitive advantage in the industry[14] - The company is focusing on continuous product upgrades and the development of internet-based financial information products to meet evolving customer needs[25] - The company plans to enhance human resource management by recruiting mid-to-senior level personnel and strengthening employee training[25] Expenses and Procurement - Total operating costs for Q1 2017 were CNY 30,899,937.90, up from CNY 25,135,221.25 in the previous year, representing a 22.5% increase[43] - Management expenses increased by 55.71% to 14,941,397.13 RMB due to significant rise in labor costs from company expansion[21] - The company reported a significant increase in management expenses, which rose to CNY 14,941,397.13 from CNY 9,595,613.55, an increase of 55.5%[44] - The top five suppliers accounted for 69.24% of total procurement, with a total procurement amount of 1,609,941.68 yuan[24] - The proportion of procurement from the top five suppliers increased by 24.21% compared to the same period last year, primarily due to significant external procurement services for customized software[24] - The top five customers contributed a total sales amount of 3,361,402.45 yuan, representing 14.28% of total operating revenue, with a year-on-year decrease of 4.81%[24] Investment Activities - A total of 16,891.8 million yuan was raised, with 1,448.39 million yuan invested in the current quarter and a cumulative investment of 6,807.96 million yuan[28] - The project for non-tax revenue management and public service platform has a cumulative investment of 3,103.6 million yuan, achieving 37.29% of the planned investment[28] - The operational service system construction project has a cumulative investment of 1,835.8 million yuan, achieving 41.43% of the planned investment[28] Compliance and Governance - The company reported no violations regarding external guarantees during the reporting period[30] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[31] - The company has not experienced any significant changes in project feasibility or expected returns[30] - The company has not utilized idle raised funds for temporary working capital[30] - The company has disclosed that all unused raised funds will be allocated to its main business according to development plans[30]

Financial Performance - The company's operating revenue for 2016 was CNY 171,251,296.12, representing an increase of 11.78% compared to CNY 153,197,534.27 in 2015[17]. - The net profit attributable to shareholders for 2016 was CNY 38,301,620.49, which is a 4.27% increase from CNY 36,731,975.96 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was CNY 36,060,538.97, up by 4.18% from CNY 34,613,996.30 in 2015[17]. - The basic earnings per share for 2016 was CNY 0.66, down by 8.33% from CNY 0.72 in 2015[17]. - The diluted earnings per share also stood at CNY 0.66, reflecting the same decrease of 8.33% compared to the previous year[17]. - The weighted average return on equity for 2016 was 12.08%, a decrease of 5.46% from 17.54% in 2015[17]. - The company achieved operating revenue of CNY 171.25 million in 2016, representing a year-on-year growth of 11.78%[35]. - Net profit attributable to shareholders reached CNY 38.30 million, an increase of 4.27% compared to the previous year[35]. - The total revenue for the software industry reached ¥171,251,296.12, representing a year-on-year increase of 11.78%[42]. - The gross margin for the software industry was 69.23%, an increase of 2.13% compared to the previous year[42]. Cash Flow and Assets - The net cash flow from operating activities decreased by 32.43% to CNY 32,997,092.55 from CNY 48,836,982.82 in 2015[17]. - The total assets at the end of 2016 were CNY 480,442,114.57, an increase of 72.35% from CNY 278,764,026.98 at the end of 2015[17]. - The net assets attributable to shareholders increased by 86.06% to CNY 422,225,359.08 from CNY 226,928,649.16 in 2015[17]. - The company's cash and cash equivalents increased by 189.21% compared to the beginning of the year, primarily due to funds raised from new share issuance[29]. - Cash and cash equivalents at year-end amounted to 259,634,866.04, representing 54.04% of total assets, up from 32.20% the previous year[58]. - The company's total liabilities as of December 31, 2016, were CNY 50,827,635.89, compared to CNY 48,811,894.50 at the beginning of the year, showing a slight increase of about 4.1%[191]. Revenue Segments - The software development and sales segment generated revenue of CNY 59.42 million, a significant increase of 25.20% year-on-year[40]. - Technical service revenue rose to CNY 107.27 million, reflecting a growth of 22.23% compared to the previous year[40]. - The company reported a notable increase in revenue from the Northeast region, which grew by 34.24% year-on-year[40]. - Hardware and consumables sales saw a drastic decline of 80.95%, contributing only 1.90% to total revenue[40]. Investment and R&D - The company invested ¥24,446,038.31 in R&D, accounting for 14.27% of total revenue, an increase from 12.78% in the previous year[53]. - The company is actively investing in R&D for software and internet product development, focusing on electronic payment solutions and e-government services[36]. - The company has committed to several investment projects, with the non-tax revenue management project reaching 27.52% of its planned investment progress[67]. Shareholder and Dividend Policies - The company proposed a profit distribution plan with no cash dividends or bonus shares for shareholders[5]. - The company distributed cash dividends of 2.0 yuan per 10 shares, totaling 13.63 million yuan, based on a total share capital of 68.14 million shares as of July 31, 2016[86]. - The company plans to not distribute profits or issue bonus shares for the 2016 fiscal year, aligning with its long-term development strategy[88]. - The company commits to a cash dividend amounting to no less than 30% of the distributable profits for the year after statutory reserves are deducted[94]. Market and Competition - The company faces market competition risks as the fiscal ticket electronic management market matures, potentially leading to price declines and increased competition from both domestic and foreign software firms[78]. - The company has a significant reliance on the Fujian province for revenue, which poses a risk if there are adverse changes in that market[80]. - The company aims to focus on fiscal informationization and expand into other government service areas, leveraging trends in internet and big data applications[75]. Governance and Compliance - The company emphasizes compliance with laws and regulations, ensuring transparency and timely communication with investors[121]. - The company has established independent financial management and accounting systems, ensuring financial independence from the controlling shareholder[167]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with legal requirements[164]. - The independent directors attended 5 board meetings, with 3 via communication and 2 in person, and did not miss any meetings consecutively[170]. Employee and Management - The total number of employees as of 2016 was 1,080, reflecting a stable workforce[150]. - The company has 520 technical personnel, 70 sales personnel, and 15 financial personnel[157]. - The total remuneration for directors and senior management during the reporting period is 261.7 million yuan[156]. - The company maintains a governance structure that complies with relevant laws and regulations, ensuring equal rights for all shareholders[163].

Financial Performance - Total assets increased to ¥430,260,058.98, a 54.35% increase compared to the previous year[7] - Net assets attributable to shareholders rose to ¥396,211,528.15, reflecting a 74.60% increase year-over-year[7] - Total operating revenue for the period was ¥30,395,703.66, down 13.92% compared to the same period last year[7] - Net profit attributable to shareholders decreased to ¥7,517,593.88, a decline of 27.24% year-over-year[7] - Basic earnings per share fell to ¥0.12, a decrease of 40.00% compared to the same period last year[7] - The weighted average return on net assets was 2.81%, down 46.10% from the previous year[7] - The company reported a net cash flow from operating activities of -¥22,939,073.22, a decrease of 18.21% year-to-date[7] - The company achieved operating revenue of 81.37 million RMB for the first nine months of 2016, representing a year-on-year growth of 3.02%[20] - The company reported a significant increase in other income, which rose by 247.78% to 6.52 million RMB, driven by increased government subsidies and VAT refunds[19] - The company reported a decrease in employee compensation payable to CNY 2,538,226.00 from CNY 9,326,163.73[76] - The net profit for the third quarter was CNY 7,286,414.22, down 28.6% from CNY 10,232,060.53 in the same period last year[81] - The total profit for the current period was ¥13,782,803.23, compared to ¥14,655,654.59 in the previous period, indicating a decrease of about 5.9%[88] Market Competition and Risks - The company faced increased market competition as more software firms entered the electronic fiscal ticket management sector[10] - Risks related to technology development and product upgrades were highlighted due to rapid changes in software technology[10] - The company faces various risks including operational, financial, management, fundraising project, and policy risks, and aims to mitigate these through improved management and innovation[54] Shareholder and Governance - The total number of ordinary shareholders at the end of the reporting period was 17,081[13] - A shareholder agreement has been established to ensure unified decision-making among major stakeholders, enhancing corporate governance stability[34] - The company has committed to a cash dividend distribution of no less than 30% of the distributable profits for the year, based on the consolidated financial statements[36] - The company has established a framework for shareholder returns, which includes a combination of cash and stock dividends[36] - The company has not reported any direct or indirect competition with its main business activities from its controlling shareholders or related parties[38] - The company has implemented measures to prevent the misuse of funds or interference in its financial management by controlling shareholders[41] - The company has outlined specific non-operational financial transactions that will not be permitted between itself and its controlling shareholders[41] - The company has ensured that any potential business opportunities that may arise will be prioritized for the benefit of the company and its shareholders[38] - The company has established a commitment to transparency and legal compliance in its operations and financial dealings[40] - The company has confirmed that its dividend policy will remain effective during the tenure of its controlling shareholders and management[40] - The company has emphasized the importance of maintaining shareholder interests and preventing conflicts of interest in its business operations[39] Strategic Plans and Innovations - The company aims to leverage capital market advantages for business development through internal innovation and external strategic acquisitions, despite potential challenges such as lack of expertise and market misjudgments[23] - The company has launched new market expansions in Shanxi and Inner Mongolia during the reporting period[22] - The company holds multiple software copyrights, including "Bosi Financial Invoice Electronic Reform Management System V1.0" and "Bosi Non-Tax Revenue Collection Management Information System V1.0," which are critical to maintaining its competitive advantage[23] - To mitigate risks of core technology leakage and personnel turnover, the company plans to enhance compensation for key technical staff and increase talent recruitment and training efforts[23] - The company reported a significant increase in user data, with a year-over-year growth of 25% in active users[30] - Revenue for the third quarter reached 150 million RMB, representing a 15% increase compared to the previous quarter[31] - The company has set a future outlook with a revenue guidance of 600 million RMB for the next fiscal year, indicating a growth target of 20%[32] - New product development includes the launch of a cloud-based software solution, expected to contribute an additional 30 million RMB in revenue by Q4 2016[33] - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[34] - A strategic acquisition of a local software firm is in progress, which is anticipated to enhance the company's technological capabilities and customer base[30] - The company has committed to increasing R&D investment by 40% in the upcoming year to drive innovation[31] - The company aims to enhance internal control and improve capital utilization efficiency, while also reducing operational costs[55] - The board has conducted thorough feasibility studies on fundraising projects, which align with industry trends and have good market prospects and profitability[56] - The company plans to accelerate the implementation of fundraising investment projects to quickly generate profits, anticipating a high return on investment[56] - The market expansion strategy includes increasing market share and revenue by opening new business locations outside Fujian province and pursuing quality enterprise acquisitions[57] - The company intends to enhance its R&D capabilities by increasing investment in research facilities and improving employee training[57] - The company will focus on user needs through continuous innovation to enhance user experience and implement effective employee incentive mechanisms[58] Cash Flow and Financial Management - Cash and cash equivalents increased by 140.73% to 216.11 million RMB due to the proceeds from new share issuance[18] - Accounts receivable rose by 56.38% to 51.21 million RMB, primarily due to major clients adopting a pre-settlement management system[18] - The company's capital reserve increased by 373.67% to 194.58 million RMB, attributed to the issuance of new shares[18] - The net cash inflow from financing activities surged by 6024.27% to 183.73 million RMB, reflecting the funds raised from new share issuance[21] - The company’s financial expenses decreased by 98.59% to -455,987.24 RMB, due to increased interest income and reduced interest expenses after repaying short-term loans[19] - The company’s cash and cash equivalents saw a net increase of 126,140,352.18 CNY during the period, contrasting with a decrease of 36,332,710.56 CNY in the previous period[96] - The net cash flow from financing activities was 163,629,555.93 CNY, up from 2,972,876.92 CNY in the previous period, reflecting strong financing efforts[96] - The cash flow from financing activities included 3,000,000.00 CNY from borrowing, which was consistent with the previous period[96] - The cash outflow for investment activities was 14,560,130.53 CNY, leading to a net cash flow from investment activities of -14,550,130.53 CNY[96] - The cash outflow for operating activities was 82,083,591.95 CNY, compared to 76,420,430.67 CNY in the previous period, reflecting increased operational expenses[99] Stock Price Stabilization and Compliance - The company committed to stabilizing its stock price post-IPO, with obligations to execute measures as per the approved plan[44] - The plan includes repurchasing shares if the stock price falls below the net asset value per share for 20 consecutive trading days[45] - The controlling shareholder is obligated to increase their holdings in the company, with a minimum total investment of 20 million yuan[47] - The company will disclose specific plans for share repurchase, including the number of shares, price range, and completion timeline[47] - The company aims to ensure compliance with relevant laws and regulations regarding stock repurchase and capital changes[46] - The company’s stock price stabilization measures will involve actions from both the controlling shareholder and the board of directors[46] - The company will hold a shareholders' meeting to discuss share repurchase matters, ensuring no conflicts of interest arise during voting[44] - The company’s management is responsible for implementing stock price stabilization measures, including potential share buybacks[46] - The company will adhere to the obligations set forth in the stock price stabilization plan, accepting penalties for non-compliance[45] - The company’s stock price stabilization plan is effective for three years following the IPO, from July 26, 2016, to July 26, 2019[44] - The total amount for the share repurchase plan must not be less than 20 million yuan, and it requires approval from more than two-thirds of the voting shares at the shareholders' meeting[48] - The company’s stock price stabilization measures will be lifted six months after completion, provided the stock price remains above the net asset value per share disclosed in the latest financial report[49]