新晨科技股份有限公司 2022 年第三季度报告 证券代码：300542 证券简称：新晨科技 公告编号：2022-084 新晨科技股份有限公司 2022 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度报告是否经过审计 □是 否 一、主要财务数据 （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 | 本报告期比上年同 | 年初至报告期末 | 年初至报告期末 | | --- | --- | --- | --- | --- | | | | 期增减 | | 比上年同期增减 | | 营业收入（元） | 275,908,574.19 | 58.99% | 823,160,670.13 | 44.90% | | 归属于上市 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥547,252,095.94, representing a 38.70% increase compared to ¥394,553,665.37 in the same period last year[23]. - The net profit attributable to shareholders of the listed company decreased by 14.23% to ¥9,757,079.09 from ¥11,376,262.91 year-on-year[23]. - The net profit after deducting non-recurring gains and losses fell by 30.44% to ¥7,082,065.48 compared to ¥10,180,984.36 in the previous year[23]. - The basic earnings per share decreased by 25.00% to ¥0.03 from ¥0.04 in the same period last year[23]. - The diluted earnings per share also decreased by 25.00% to ¥0.03 from ¥0.04 year-on-year[23]. - Operating profit was 13.36 million yuan, a decrease of 34.26% compared to the same period last year[31]. - Net profit attributable to ordinary shareholders of the parent company was 9.76 million yuan, down 14.23% year-on-year[31]. - The company reported a net loss of ¥27,007,513.11 for the period[180]. Cash Flow and Investments - The net cash flow from operating activities was negative at -¥253,459,732.24, a decline of 219.13% from -¥79,423,009.30 in the same period last year[23]. - The net cash flow from investing activities improved to ¥2,937,045.28, a 108.51% increase from -¥34,526,056.45, mainly due to reduced investment payments[46]. - The net cash flow from financing activities surged to ¥165,535,840.46, a 478.32% increase from ¥28,623,720.62, primarily due to increased bank loans[46]. - Cash inflow from financing activities was CNY 221,234,989.69, up from CNY 56,857,781.92 in the previous year, indicating a strong increase in borrowing[158]. - The company reported a net increase in cash and cash equivalents of CNY -84,911,012.32, slightly better than CNY -85,340,244.11 in the first half of 2021[158]. Assets and Liabilities - Total assets increased by 15.45% to ¥1,282,247,518.48 from ¥1,110,691,689.20 at the end of the previous year[23]. - The net assets attributable to shareholders of the listed company decreased by 2.89% to ¥575,102,078.18 from ¥592,201,339.12 at the end of the previous year[23]. - Total liabilities increased to CNY 701,678,009.66 as of June 30, 2022, compared to CNY 508,684,544.19 at the beginning of the year, indicating a rise of about 37.9%[146]. - Short-term borrowings surged to CNY 290,648,290.11 from CNY 84,966,824.42, representing an increase of approximately 242.5%[146]. - Cash and cash equivalents decreased to ¥186.61 million, accounting for 14.55% of total assets, down 9.54% from the previous year due to increased payments to suppliers[56]. Research and Development - Research and development investment was ¥83,153,021.12, showing a slight increase of 0.39% from ¥82,832,399.31, indicating stable R&D efforts[46]. - The company has a strong focus on technology innovation, with ongoing research in blockchain, big data, and artificial intelligence, and has obtained a patent for an enterprise blockchain service platform[39]. - The company aims to enhance its market position through strategic capital increases and equity management[176]. Market and Client Relations - The company focuses on "financial technology" and aims to strengthen innovation in blockchain, big data, and cloud computing[37]. - The company has built long-term stable partnerships with major clients in the financial sector, including policy banks and large commercial banks, enhancing its brand image and service quality[41]. - The company has a dependency risk on major clients, with over 49.03% of its revenue coming from the top five clients, prompting a focus on sustainable development and customer loyalty[73]. Corporate Governance and Compliance - The company has not engaged in any major litigation or arbitration matters during the reporting period[94]. - The company did not experience any administrative penalties due to environmental issues during the reporting period[85]. - The financial report for the half-year period has not been audited[142]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 23,037[130]. - The largest shareholder, Li Fuhua, holds 14.53% of the shares, totaling 43,592,250 shares, with 2,400,000 shares pledged[130]. - The company has not undergone any changes in its controlling shareholder during the reporting period[134].

Financial Performance - The company's revenue for Q1 2022 was ¥260,394,031.13, representing an increase of 89.75% compared to ¥137,233,156.79 in the same period last year[3] - The net profit attributable to shareholders was -¥6,975,764.47, an improvement of 20.33% from -¥8,756,139.21 year-on-year[3] - The net profit for Q1 2022 was a loss of ¥5,896,839.30, compared to a loss of ¥6,960,337.90 in the same period last year, showing an improvement of approximately 15.3%[19] - The total comprehensive income for Q1 2022 was -¥5,896,839.30, compared to -¥6,960,337.90 in Q1 2021, showing a year-over-year improvement of approximately 15.3%[19] - The basic and diluted earnings per share for Q1 2022 were both -¥0.02, an improvement from -¥0.03 in Q1 2021[19] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 316.93%, amounting to -¥171,015,595.10, primarily due to increased payments to suppliers[7] - The cash flow from operating activities showed a net outflow of ¥171,015,595.10, worsening from a net outflow of ¥41,017,512.46 in Q1 2021[21] - Cash and cash equivalents decreased to ¥230,589,914.63 from ¥267,574,216.08, a decline of about 13.8%[13] - The cash and cash equivalents at the end of Q1 2022 were ¥221,839,261.33, slightly down from ¥223,403,780.13 at the end of Q1 2021[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,173,855,938.08, a 5.69% increase from ¥1,110,691,689.20 at the end of the previous year[3] - Current assets totaled ¥823,103,709.47, up from ¥756,981,508.73 at the start of the year, reflecting a growth of approximately 8.7%[13] - Accounts receivable increased to ¥369,072,673.44 from ¥316,355,475.62, marking a rise of approximately 16.6%[13] - Total liabilities rose to ¥576,169,849.44 from ¥508,684,544.19, an increase of about 13.3%[15] - The company's equity attributable to shareholders decreased slightly to ¥586,801,357.58 from ¥592,201,339.12, a decline of approximately 0.7%[15] Operational Costs and Expenses - The total operating costs amounted to ¥265,551,635.31, up from ¥148,397,436.54, indicating an increase of about 78.9%[18] - Research and development expenses increased by 33.48% compared to the previous year, indicating a focus on innovation[7] - Research and development expenses for Q1 2022 were ¥21,417,426.86, compared to ¥16,044,909.61 in Q1 2021, reflecting an increase of approximately 33.5%[18] - The company incurred financial expenses of ¥871,571.83 in Q1 2022, compared to a financial income of -¥387,804.88 in Q1 2021[18] Shareholder Information - The number of common shareholders at the end of the reporting period was 28,858, with the top ten shareholders holding significant stakes[9] - The company reported a total of 43,592,250 shares held by the largest shareholder, Li Fuhua, representing 14.53% of the total shares[9] Future Plans - The company has plans for future expansion and product development, although specific details were not disclosed in the provided content[11] Government Support - The company received government subsidies totaling ¥207,849.13 during the reporting period, contributing to its non-operating income[5] Financing Activities - The company reported a significant increase of 19,006.86% in net cash flow from financing activities, attributed to increased bank loans[7] - The company reported a 100% decrease in accounts payable, indicating effective management of liabilities[7]

Financial Performance - The total operating revenue for 2021 was ¥1,061,100,862.58, a decrease of 7.66% compared to ¥1,149,153,968.02 in 2020[19] - The net profit attributable to shareholders was ¥63,582,151.86, down 6.88% from ¥68,278,696.61 in the previous year[19] - The net cash flow from operating activities decreased significantly by 65.20%, totaling ¥59,481,448.85 compared to ¥170,936,239.26 in 2020[19] - Basic earnings per share were ¥0.21, reflecting an 8.70% decline from ¥0.23 in 2020[19] - The total assets at the end of 2021 amounted to ¥1,110,691,689.20, an increase of 2.26% from ¥1,086,156,330.83 at the end of 2020[19] - The net assets attributable to shareholders decreased by 12.68%, totaling ¥592,201,339.12 compared to ¥678,180,946.47 in 2020[19] - The company reported a quarterly revenue of ¥493,013,148.81 in Q4 2021, which was the highest among the four quarters[21] - The weighted average return on equity was 9.59%, down from 10.61% in 2020[19] - The company experienced a net loss in Q1 2021, with a net profit of -¥8,756,139.21[21] - The company's revenue in the second half of 2021 accounted for 62.82% of the total annual revenue, while the net profit attributable to shareholders in the second half represented 82.11% of the total annual net profit[30] Revenue Sources and Growth - The software and information technology services industry in China achieved a total software business revenue of CNY 949.94 billion in 2021, representing a year-on-year growth of 17.7%[30] - The company reported a significant increase in revenue from software development, which rose by 9.72% to ¥329,613,052.75 in 2021[56] - Revenue from the military industry grew by over 50% compared to the same period last year[44] - The North China region contributed 65.86% of total revenue, amounting to ¥698,807,571.61, a decrease of 24.64% from the previous year[56] - The company’s revenue is significantly driven by traditional clients, with opportunities arising during large-scale system upgrades[40] - New client acquisition has expanded in sectors such as finance, military, and public security, providing ongoing growth potential[41] Research and Development - Research and development investment increased by 3.28% to 15,262.54 million yuan during the reporting period[48] - The company has applied for 6 invention patents in new technology fields, including blockchain and artificial intelligence[42] - The company is increasing investments in public security information technology, particularly in smart policing and big data applications[97] - The company plans to enhance its digital infrastructure and promote the digital transformation of industries, aligning with national strategies for economic development[94] - The company aims to maintain high R&D investment to drive continuous growth in its main business, focusing on big data, blockchain, cloud computing, and artificial intelligence[103] Strategic Initiatives and Innovations - The company focuses on financial technology, emphasizing innovation in blockchain, big data, and cloud computing[30] - The company has developed a model-driven architecture for its trade financing products, catering to various bank clients' technical requirements[34] - The collaborative cloud platform enhances the efficiency of banks' intermediary business products, aiming for maximum resource sharing in human, technical, and creative aspects[34] - The transaction banking system integrates multiple platforms to provide a comprehensive electronic banking service, reducing service costs for corporate clients and improving overall satisfaction[35] - The company’s blockchain BaaS platform allows users to quickly deploy blockchain systems, enhancing service offerings[36] Asset Management and Financial Position - The company’s total assets included cash of ¥267,574,216.08, accounting for 24.09% of total assets, down from 25.27% at the beginning of the year[77] - The company's short-term borrowings increased to ¥84,966,824.42, representing 7.65% of total liabilities, due to new bank loans[77] - The net cash flow from investment activities was negative at -¥96,725,578.82, a 51.21% increase in outflow compared to the previous year[74] - The company reported an investment income of ¥31,006.03, accounting for 0.04% of total profit, primarily from bank wealth management returns[76] - The company’s total liabilities included CNY 2,073,354.59 in current non-current liabilities, reflecting a decrease of 2.83% compared to the previous period[79] Corporate Governance and Compliance - The company has established a comprehensive information disclosure management system, ensuring timely and accurate communication with investors[115] - The company operates independently from its former controlling shareholders, with no shared financial or operational resources[118] - The company has implemented strict measures to avoid any competition or related transactions with its former controlling shareholders[118] - The company’s governance structure is deemed sound and compliant with relevant laws and regulations, with no significant failures reported[155] - The company has maintained a focus on regulatory compliance and operational standards throughout the reporting period[135] Employee and Talent Management - The company has a talent pool of over 2,000 employees, with more than 80% engaged in R&D, technology, and project implementation[45] - The number of R&D personnel decreased by 1.18% to 1,176, with the proportion of R&D personnel in total staff dropping from 66.00% in 2020 to 54.44% in 2021[71] - Employee compensation accounted for 277,584,615.56 CNY, representing 35.22% of the total costs[140] - The company plans to enhance internal training, focusing on multi-level technical training and expanding the internal lecturer team[141] - The company is establishing talent bases in Wuhan, Tianjin, and Chengdu to mitigate rising labor costs and improve resource allocation[107] Future Outlook and Market Strategy - The company aims to maintain rapid revenue growth in 2022, focusing on expanding its market presence in the financial, military, and public security sectors[105] - Future guidance indicates an expected revenue growth of 20% for the next fiscal year, projecting revenues of approximately 1.44 billion RMB[126] - The company plans to implement cost-cutting measures aimed at reducing operational expenses by 5%[126] - New Morning Technology is exploring partnerships with international firms to enhance its global footprint[126] - The company is targeting emerging niche markets in the financial sector, such as transaction banking and supply chain finance, to become a core supplier in these areas[104]

Financial Performance - The company's operating revenue for Q3 2021 was ¥173,534,048.40, a decrease of 45.44% compared to the same period last year[3]. - The net profit attributable to shareholders was a loss of ¥1,442,825.14, representing a decline of 196.92% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥2,499,814.60, down 392.94% from the previous year[3]. - Total operating revenue for the third quarter was ¥568,087,713.77, a decrease of 22.4% compared to ¥732,160,843.11 in the same period last year[24]. - Operating costs amounted to ¥548,716,633.21, down from ¥709,906,058.65, reflecting a reduction of 22.7%[24]. - Net profit for the period was ¥15,458,472.05, a decline of 29.5% from ¥21,859,219.64 year-over-year[25]. - The total comprehensive income attributable to the parent company was CNY 7,880,422.45, a decrease from CNY 11,126,272.69 in the previous period, representing a decline of approximately 29.8%[26]. - Basic and diluted earnings per share were both CNY 0.03, down from CNY 0.04 in the previous period[26]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,039,520,416.97, a decrease of 4.29% from the end of the previous year[3]. - The company's total assets decreased to ¥1,039,520,416.97 from ¥1,086,156,330.83, a reduction of approximately 4.3%[22]. - Current assets totaled ¥686,583,245.51, down 6.4% from ¥733,360,573.53[21]. - The total liabilities rose to ¥493,926,678.26, compared to ¥367,035,070.27, indicating an increase of 34.5%[22]. - The company's cash and cash equivalents decreased significantly to ¥154,331,161.45 from ¥276,068,362.98, a drop of 44.1%[21]. - Current liabilities reached CNY 366,792,256.75, including accounts payable of CNY 153,182,135.37 and contract liabilities of CNY 94,129,489.93[33]. - Total liabilities were CNY 367,035,070.27, with non-current liabilities at CNY 242,813.52[34]. - Shareholders' equity totaled CNY 719,121,260.56, with retained earnings of CNY 369,098,642.60[34]. Cash Flow - The cash flow from operating activities showed a net outflow of ¥100,414,030.61, a decline of 143.48% year-to-date[3]. - The net cash flow from operating activities was CNY -100,414,030.61, worsening from CNY -41,240,718.41 in the previous period[29]. - Cash received from the sale of goods and services was CNY 529,732,368.43, down from CNY 642,227,760.95, indicating a decrease of about 17.5%[28]. - The net cash flow from investing activities was CNY -94,063,897.25, compared to CNY -66,402,273.75 in the previous period, reflecting an increase in cash outflow[29]. - The net cash flow from financing activities was CNY 74,968,138.62, a significant improvement from CNY -6,336,585.08 in the previous period[29]. - The company reported a total operating cash inflow of CNY 554,963,116.64, down from CNY 664,967,394.64 in the previous period[29]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 25,266[11]. - The top 10 shareholders hold a combined 66.38% of the shares, with Li Fuhua holding the largest share at 14.53%[11]. - The number of shares held by the top 10 unrestricted shareholders totals 126,000,000 shares[11]. - The company has not disclosed any relationships among the top shareholders or whether they are acting in concert[12]. - The company has a total of 4,647,783 restricted shares, with 738,660 shares released during the reporting period[14]. - Li Fuhua and other major shareholders have engaged in share pledges and releases during the reporting period[15][16]. - The company has not reported any preferred shareholders or changes in preferred shares[13]. Other Financial Metrics - The company reported a 100% increase in short-term borrowings, attributed to increased bank loans during the reporting period[9]. - The company's inventory increased by 38.52% due to rising production costs of unfinished projects[9]. - The company experienced a 1209.48% increase in credit impairment losses, primarily due to higher provisions for bad debts[9]. - Research and development expenses were ¥54,168,451.08, slightly up from ¥52,628,302.73, indicating a focus on innovation[25]. - The company paid CNY 303,274,330.66 in employee compensation, an increase from CNY 199,912,821.08 in the previous period[29]. Reporting and Compliance - The company’s financial statements are prepared as of September 30, 2021[19]. - The report for the third quarter was not audited, indicating a need for caution in interpreting the financial data[35]. - The company has implemented new leasing standards starting from 2021, which may affect future financial reporting[35].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥394,553,665.37, a decrease of 4.71% compared to ¥414,074,518.95 in the same period last year[21]. - The net profit attributable to shareholders was ¥11,376,262.91, representing an increase of 18.04% from ¥9,637,594.34 year-on-year[21]. - The net profit after deducting non-recurring gains and losses was ¥10,180,984.36, up 19.03% from ¥8,552,973.22 in the previous year[21]. - Basic earnings per share increased by 33.33% to ¥0.04 from ¥0.03[21]. - The company reported a total revenue of 11,376 million yuan, indicating a significant growth compared to the previous year's half-year report[163]. - The net profit attributable to owners of the parent company was 343.95 million yuan, demonstrating the company's profitability[168]. - The earnings per share (EPS) for the current period was reported at 1.25 yuan, down from 1.38 yuan in the previous period[163]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥79,423,009.30, a significant decline of 1,387.86% compared to ¥6,167,073.76 in the same period last year[21]. - Total cash inflow from operating activities was 374,352,928.80 yuan, while cash outflow was 453,775,938.10 yuan, resulting in a cash outflow of 79,423,009.30 yuan[156]. - Cash inflow from financing activities amounted to 56,857,781.92 yuan, down from 91,657,550.05 yuan in the previous year, reflecting a decrease of approximately 38%[157]. - The total cash and cash equivalents at the end of the period were 179,968,935.52 yuan, down from 203,074,061.00 yuan at the end of the previous year, representing a decrease of about 11.4%[157]. - The cash paid to employees increased to 193,105,527.72 yuan from 127,865,831.50 yuan, reflecting a rise of approximately 51% in labor costs[156]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,019,372,375.79, down 6.15% from ¥1,086,156,330.83 at the end of the previous year[21]. - The company's total liabilities decreased to CNY 304,509,419.10 from CNY 367,035,070.27, a reduction of about 17.00%[142]. - The company's total equity as of June 30, 2021, was CNY 714,862,956.69, down from CNY 719,121,260.56, a decrease of about 0.32%[143]. - The company's total financial assets at the beginning of the period were CNY 5,724,333.84, with an ending balance of CNY 3,548,252.92 after purchases of CNY 2,200,000.00[58]. Business Operations and Strategy - The company’s core business includes software development and system integration services, focusing on the financial sector and other industries[30]. - The company is actively investing in blockchain technology and distributed cloud computing platforms to support future growth[38]. - The company plans to expand its market presence and invest in new product development to drive future growth[163]. - The company aims to improve its capital structure by optimizing its equity financing strategies[163]. - The company has established talent bases in Wuhan, Tianjin, and Chengdu to alleviate rising human resource costs[74]. Risks and Challenges - The company faces risks including reliance on major customers and rising labor costs due to the ongoing COVID-19 pandemic[5]. - The ongoing COVID-19 pandemic has created uncertainties affecting revenue from outsourced and on-site projects, prompting the company to adopt flexible service models[74]. - The company plans to maintain a sustainable development strategy focusing on technology R&D and market expansion to mitigate risks associated with client dependency[73]. Corporate Governance and Compliance - The semi-annual financial report has not been audited[90]. - The company has not faced any environmental penalties during the reporting period and complies with relevant environmental regulations[84]. - The company did not engage in any related party transactions during the reporting period[95]. - The company has fulfilled all commitments made by its controlling shareholders and actual controllers during the reporting period[87]. Research and Development - The company’s R&D investment was approximately ¥82.83 million, showing a slight decrease of 1.12% year-on-year[45]. - Research and development expenses were reported at 1,111 million yuan, highlighting the company's commitment to innovation[171]. - The company has initiated research and development for new technologies aimed at enhancing operational efficiency[163].

Financial Performance - The company's revenue for Q1 2021 was ¥137,233,156.79, representing a 26.62% increase compared to ¥108,377,660.29 in the same period last year[8] - The net profit attributable to shareholders was -¥8,756,139.21, an improvement of 26.80% from -¥11,962,088.78 year-on-year[8] - The basic earnings per share improved to -¥0.03 from -¥0.04, reflecting a 25.00% increase[8] - The company's revenue increased by 26.62% compared to the same period last year, with corresponding increases in operating profit and net profit[17] - Net profit for Q1 2021 was a loss of CNY 6,960,337.90, compared to a loss of CNY 12,009,396.22 in Q1 2020, showing an improvement of approximately 42.6%[39] - The total comprehensive income for Q1 2021 was a loss of CNY 6,960,337.90, compared to a loss of CNY 12,009,396.22 in the same period last year[39] - The company’s operating profit for Q1 2021 was a loss of CNY 6,269,853.06, an improvement from a loss of CNY 11,893,042.99 in Q1 2020, reflecting a reduction of approximately 47.3%[41] Cash Flow - The net cash flow from operating activities was -¥41,017,512.46, showing a 7.23% improvement compared to -¥44,215,091.64 in the previous year[8] - Cash flow from operating activities increased significantly to CNY 220,036,490.85 from CNY 133,041,130.68, marking a growth of approximately 65.4%[45] - The net cash flow from operating activities was -21,067,313.69 yuan, compared to -8,474,010.29 yuan in the previous period, indicating a decline in operational cash generation[49] - Total cash and cash equivalents at the end of the period were 84,196,875.66 yuan, down from 113,401,170.80 yuan in the previous period, reflecting a decrease of approximately 25.7%[50] - The company reported a net cash outflow from investing activities of -4,321,623.92 yuan, compared to -558,500.00 yuan in the previous period, showing increased investment expenditures[50] - Cash inflow from financing activities was 41,617,342.84 yuan, while cash outflow totaled 66,281,664.56 yuan, resulting in a net cash outflow of -24,664,321.72 yuan from financing activities[50] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,064,087,401.14, a decrease of 2.03% from ¥1,086,156,330.83 at the end of the previous year[8] - Total liabilities decreased to CNY 349,003,738.75 from CNY 367,035,070.27, reflecting a reduction of approximately 4.5%[31] - Current liabilities totaled CNY 343,033,974.66, down from CNY 366,792,256.75, indicating a decrease of about 6.5%[31] - The company reported a decrease in cash and cash equivalents to CNY 97,053,979.01 from CNY 120,139,727.98, a decline of approximately 19.2%[32] - Accounts receivable decreased to CNY 211,641,373.61 from CNY 246,449,675.34, representing a decline of about 14.1%[32] - Total assets amounted to 914,964,193.45, with current assets at 477,708,545.37 and non-current assets at 437,255,648.08[55] - Total liabilities were reported at 302,269,289.43, with current liabilities comprising 302,269,289.43[56] Expenses - Tax expenses increased by 98.68% compared to the same period last year, primarily due to higher value-added tax and stamp duty payments[17] - Sales expenses rose by 45.26% year-on-year, driven by active market expansion efforts[17] - Management expenses increased by 67.02% year-on-year, mainly due to higher equity incentive costs[17] - Research and development expenses were CNY 16,044,909.61, slightly down from CNY 17,536,441.03, indicating a decrease of about 8.5%[41] Shareholder Information - The total number of shareholders at the end of the reporting period was 19,938[12] - The company’s equity attributable to shareholders was CNY 672,347,546.99, down from CNY 678,180,946.47[32] - The company’s retained earnings were CNY 360,342,503.39, a decrease from CNY 369,098,642.60[32] Customer Dependency - The company’s reliance on its top five customers accounts for 55.95% of total revenue, indicating a risk of dependency on major clients[19] Human Resources - The company has established talent bases in Wuhan, Tianjin, and Chengdu to alleviate rising human resource costs[20] Other Financial Metrics - The company recorded credit impairment losses of CNY 3,093,719.50, compared to a gain of CNY 166,594.35 in the previous year[41] - The company’s capital reserve increased to CNY 14,912,065.07 from CNY 11,989,325.34, reflecting a growth of approximately 24.1%[31] - The company paid 51,726,669.88 yuan to employees, which is an increase from 35,288,324.91 yuan in the previous period, indicating a rise in labor costs[49]

Financial Performance - The company's operating revenue for 2020 was ¥1,149,153,968.02, representing a 5.99% increase compared to ¥1,084,248,623.96 in 2019[15] - The net profit attributable to shareholders for 2020 was ¥68,278,696.61, a 23.50% increase from ¥55,286,886.21 in 2019[15] - The net cash flow from operating activities reached ¥170,936,239.26, showing a significant increase of 104.19% compared to ¥83,715,877.67 in 2019[15] - Basic earnings per share for 2020 were ¥0.23, up 27.78% from ¥0.18 in 2019[15] - Total assets at the end of 2020 amounted to ¥1,086,156,330.83, a 2.12% increase from ¥1,063,640,052.16 at the end of 2019[15] - The net assets attributable to shareholders increased by 3.42% to ¥678,180,946.47 at the end of 2020 from ¥655,744,088.32 at the end of 2019[15] - The weighted average return on equity for 2020 was 10.61%, an increase of 2.25% from 8.36% in 2019[15] - The company reported a net profit of ¥57,152,423.92 in Q4 2020, following a loss of ¥11,962,088.78 in Q1 2020[17] - The company achieved total operating revenue of CNY 1,149.15 million, a year-on-year increase of 5.99%[46] - Operating profit reached CNY 99.03 million, reflecting a growth of 24.66% compared to the previous year[46] - Net profit attributable to shareholders was CNY 68.28 million, up 23.50% year-on-year[46] Dividends and Profit Distribution - The company plans to distribute a cash dividend of ¥0.9 per 10 shares, based on a total of 300,083,479 shares[4] - The cash dividend represents 100% of the distributable profit for the year, which amounts to 306,237,989.72 CNY[114] - The cash dividend for 2020 accounts for 39.55% of the net profit attributable to the parent company, which is 68,278,696.61 CNY[117] - The company announced a cash dividend of 0.90 CNY per 10 shares, totaling 27,007,513.11 CNY (including tax) for the fiscal year 2020[114] - In 2019, the company distributed a cash dividend of 0.45 CNY per 10 shares, totaling 10,260,166.68 CNY[115] - The cash dividend for 2018 was 0.50 CNY per 10 shares, totaling 7,751,277.50 CNY, with a distribution ratio of 20.20% of the net profit[117] - The company has maintained a consistent dividend policy, ensuring transparency and compliance with regulations[113] Business Operations and Strategy - The company’s main business includes software development and system integration services, primarily targeting the financial sector, military, and government institutions[25] - The electronic channel and integration cloud platform is a core product, widely applied in large state-owned banks and regional commercial banks[26] - The trade financing settlement system is designed to support various international settlement business types, currently utilized by major state-owned and policy banks[27] - The transaction banking system aims to enhance customer experience and reduce service costs for corporate clients, integrating multiple service platforms[28] - The company has maintained its core business focus since its establishment, with no significant changes reported[25] - The company’s financial performance is driven by its strong software development capabilities and extensive technical support network[25] - The company focuses on the financial technology and military information sectors, emphasizing blockchain, big data, and cloud computing for innovation and core technology breakthroughs[35] - The company’s core business strategy revolves around maintaining stable revenue from traditional clients while expanding its customer base and exploring new business opportunities[34] Research and Development - The company has invested significantly in R&D, maintaining its competitive edge in big data and blockchain technologies, with a focus on practical applications in public security[48] - The company is committed to enhancing research and development in graph databases and knowledge graphs, aiming for significant achievements in financial, public security, and military big data fields in 2021[99] - Total R&D investment reached ¥147,776,034.24 in 2020, accounting for 12.86% of operating revenue[69] - The number of R&D personnel increased to 1,190 in 2020, representing 66.00% of the workforce[69] - R&D expenses rose by 7.45% to ¥77,718,393.47 in 2020 from ¥72,331,791.46 in 2019[68] Acquisitions and Investments - The company completed the acquisition of a 55% stake in Beijing Qinglin Software Technology Co., leading to a 100% decrease in equity assets[38] - The company acquired a 55% stake in Beijing Qinglin Software Technology Co., Ltd. on June 1, 2020, after purchasing additional shares for 36,000,000.00 CNY[65] - The company’s goodwill increased by 36.49% as a result of the acquisition of Beijing Qinglin Software Technology Co.[38] - The company acquired control of Beijing Qinglin Software Technology Co., Ltd., resulting in an increase in consolidated assets during the reporting period[80] Market and Competitive Position - The company has a strong competitive position in the financial information sector, leveraging over 20 years of industry experience[37] - The company’s revenue from software development increased by 47.13% to ¥300,401,937.43, compared to ¥204,177,694.10 in 2019[54] - The revenue from the military industry surged by 297.97% year-over-year, reaching 64,786,701.96 CNY[58] - The company’s revenue from the North China region was ¥927,268,330.51, accounting for 80.69% of total revenue, with a growth of 5.37% year-on-year[55] Risks and Challenges - The company highlighted risks including reliance on major clients and rising labor costs due to the impact of the COVID-19 pandemic[4] - The company recognizes that only 32% of enterprise data value is currently activated, highlighting the need for effective data utilization strategies as data is expected to grow at a rate of 42.2% over the next two years[97] - The company reported that 52.62% of its main business revenue comes from its top five clients, highlighting a dependency risk on major customers[105] Compliance and Governance - The company has not faced any penalties or corrective actions during the reporting period, reflecting compliance with regulatory standards[134] - The company has maintained its accounting firm, Da Hua Certified Public Accountants, for two consecutive years, ensuring continuity in financial auditing[131] - The company guarantees that its IPO prospectus and related materials are truthful and complete, with accountability for any misleading information[120] - The company will disclose any unfulfilled commitments and the reasons behind them, ensuring transparency with investors[120] Shareholder Information - The largest shareholder, Li Fuhua, holds 14.53% of the shares, totaling 43,592,250 shares, with 10,059,750 shares added during the reporting period[198] - The second-largest shareholder, Kang Lu, owns 13.09% of the shares, amounting to 39,282,750 shares, with an increase of 9,056,250 shares during the reporting period[198] - The third-largest shareholder, Jiang Linhua, holds 11.54% of the shares, totaling 34,616,750 shares, with an increase of 7,204,250 shares during the reporting period[198] - The company has a total of 10 major shareholders, with the top three holding a combined 39.16% of the shares[198]

Financial Performance - Total revenue for Q1 2020 was ¥108,377,660.29, a decrease of 52.89% compared to ¥230,050,996.06 in the same period last year[7] - Net profit attributable to shareholders was -¥11,962,088.78, representing a decline of 79.59% from -¥6,660,868.41 year-on-year[7] - The company's operating revenue decreased by 52.89% compared to the same period last year due to the impact of the COVID-19 pandemic on contract signing and project execution[16] - Total operating revenue for the current period is ¥108,377,660.29, a decrease of 53.12% compared to ¥230,050,996.06 in the previous period[38] - Net loss for the current period is ¥12,009,396.22, compared to a net loss of ¥3,538,500.62 in the previous period, representing an increase in loss of 239.56%[40] - Basic and diluted earnings per share for the current period are both -¥0.05, compared to -¥0.03 in the previous period[40] Cash Flow and Liquidity - Net cash flow from operating activities improved by 53.23%, reaching -¥44,215,091.64 compared to -¥94,528,287.40 in the previous year[7] - Cash inflow from operating activities totals ¥133,041,130.68, down 33.67% from ¥200,814,644.85 in the previous period[45] - The net cash flow from operating activities was -44,215,091.64 CNY, an improvement from -94,528,287.40 CNY in the previous period, indicating a 53% reduction in cash outflow[46] - Total cash and cash equivalents at the end of the period were 206,322,781.59 CNY, down from 250,422,817.56 CNY, reflecting a decrease of approximately 17.6%[47] - The company reported a net cash outflow from investing activities of -565,500.00 CNY, compared to -30,296,527.47 CNY in the previous period, showing a significant reduction in investment cash outflow[50] - Cash inflow from financing activities was 41,617,342.84 CNY, down from 50,000,000.00 CNY, representing a decrease of 16.8%[50] - The net cash flow from financing activities was -24,664,321.72 CNY, worsening from -4,044,329.08 CNY in the previous period, indicating increased cash outflow[47] Assets and Liabilities - Total assets decreased by 3.73% to ¥1,023,955,346.44 from ¥1,063,640,052.16 at the end of the previous year[7] - Current assets totaled ¥691,877,397.59, down from ¥731,214,267.30, indicating a decrease of about 5.4%[30] - Cash and cash equivalents decreased to ¥217,650,974.46 from ¥286,187,764.91, representing a decline of approximately 24.0%[30] - Accounts receivable fell to ¥308,121,223.05 from ¥361,048,011.78, a decrease of around 14.7%[30] - Inventory increased significantly to ¥126,915,733.48 from ¥64,485,781.86, marking an increase of approximately 96.8%[30] - Total current liabilities rose to ¥351,212,801.70 from ¥320,381,247.62, an increase of about 9.5%[32] - Total liabilities increased to ¥406,179,468.37 from ¥383,981,247.62, indicating an increase of about 5.0%[32] - Owner's equity decreased to ¥617,775,878.07 from ¥679,658,804.54, a decline of approximately 9.1%[33] - The company reported a decrease in undistributed profits to ¥305,379,039.81 from ¥335,586,802.46, a reduction of about 9.0%[33] Shareholder and Stock Information - The number of ordinary shareholders at the end of the reporting period was 16,432[10] - The company repurchased shares during the reporting period, leading to an 80.70% increase in treasury stock[14] - The company has repurchased a total of 3,726,400 shares for an amount not less than ¥15 million and not exceeding ¥30 million, with a maximum repurchase price of ¥24.87 per share[21][22] Operational Challenges and Strategies - The company is actively responding to the COVID-19 pandemic by promoting remote work and adhering to government guidelines[19] - The company is facing risks related to increasing accounts receivable due to longer project execution and acceptance cycles[20] - The company has implemented measures to manage accounts receivable risks, including aligning collection efforts with personnel incentives[20] - The company plans to establish talent bases in multiple cities to mitigate rising labor costs associated with technology talent[18] Supplier and Customer Concentration - The top five suppliers accounted for 48.11% of total procurement, with a procurement amount of ¥32,411,295.26, showing little change from the previous year[17] - Revenue from the top five customers was ¥60,703,733.50, representing 6.01% of total operating income, a decrease attributed to fewer completed system integration projects[17] - Over 50% of the company's main business income comes from the top five customers, indicating a reliance risk on major clients[18] Other Financial Information - The company has not reported any violations regarding external guarantees or non-operating fund occupation by major shareholders during the reporting period[24][25] - The company has implemented new revenue and leasing standards starting from 2020, with no retrospective adjustments made to prior comparative data[57] - The company has not undergone an audit for the first quarter report[57]

Financial Performance - Operating revenue for the current period reached CNY 318,086,324.16, representing a growth of 78.55% year-on-year[7] - Net profit attributable to shareholders decreased by 15.19% to CNY 1,488,678.35 compared to the same period last year[7] - The net profit after deducting non-recurring gains and losses increased by 121.60% to CNY 853,355.62[7] - The company reported a net profit margin improvement, with net profit for the period showing positive trends, although specific figures were not disclosed in the provided content[36] - The net profit for the third quarter of 2020 was CNY 5,399,997.92, compared to CNY 3,561,625.98 in the previous year, indicating a year-over-year increase of about 51.5%[39] - The total comprehensive income for the third quarter was CNY 5,399,997.92, an increase from CNY 3,561,625.98 in the previous year, representing a growth of approximately 51.5%[39] Cash Flow - The net cash flow from operating activities was negative at CNY -47,407,792.17, a decline of 276.91%[7] - The net cash flow from operating activities was negative CNY 41,240,718.41, compared to negative CNY 35,615,811.78 in the previous year[51] - Operating cash inflow for the period was CNY 517,128,748.54, down 19.5% from CNY 642,724,911.89 in the previous period[55] - Cash flow from investing activities resulted in a net outflow of -CNY 66,348,750.23, worsening from -CNY 27,786,054.72 in the previous year[56] - Cash inflow from financing activities was CNY 151,894,326.27, slightly down from CNY 161,456,758.40 in the prior period[56] - Net cash flow from financing activities improved to CNY 18,788,894.36 from -CNY 68,511,970.14 year-over-year[56] Assets and Liabilities - Total assets increased by 9.25% to CNY 1,162,000,917.41 compared to the end of the previous year[7] - The company's total liabilities increased to ¥514,843,897.34 from ¥383,981,247.62, reflecting a rise of approximately 34.1%[31] - Cash and cash equivalents decreased by 39.57% compared to the beginning of the year, primarily due to the repayment of long-term loans and payments of long-term payables[19] - Accounts receivable increased by 43.00% compared to the beginning of the year, attributed to an increase in customer payments[19] - Short-term borrowings increased by 314.61% compared to the beginning of the year, reflecting increased liquidity needs[19] - Total liabilities decreased by 19,197,253.39 to 383,981,247.62 compared to the previous quarter[60] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,679[11] - The top three shareholders collectively hold 39.18% of the company's shares, with the largest shareholder holding 14.53%[11] Expenses - Financial expenses decreased by 51.96% compared to the same period last year, mainly due to reduced interest payments on loans[20] - The company's management expenses for the third quarter were CNY 20,177,182.59, up from CNY 10,944,451.63 in the previous year, indicating an increase of about 84%[38] - The sales expenses for the third quarter were CNY 7,908,326.69, a decrease from CNY 9,477,217.69 in the previous year, reflecting a reduction of approximately 16.6%[38] Investment and Growth - The company received government subsidies totaling CNY 1,995,478.96 during the reporting period[8] - The company is focusing on expanding its market presence and enhancing its product offerings, although detailed strategies were not specified in the provided content[36] - The company reported an investment income of CNY 20,306,832.23 for the current period, an increase of 31.5% compared to CNY 15,446,971.65 in the same period last year[49] Other Financial Metrics - Basic earnings per share remained at CNY 0.01, a 100% increase compared to the previous period[7] - The weighted average return on net assets was 0.25%, an increase of 0.04% from the previous year[7] - Research and development expenses for the third quarter amounted to CNY 18,494,254.27, slightly down from CNY 19,866,062.56 in the previous year, showing a decrease of about 6.9%[38] - The company experienced a credit impairment loss of CNY 241,008.98, a significant improvement compared to a loss of CNY 4,219,351.74 in the previous year[46]