立昂技术股份有限公司 2022 年第三季度报告 证券代码：300603 证券简称：立昂技术 公告编号：2022-102 立昂技术股份有限公司 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 1 立昂技术股份有限公司 2022 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 （二） 非经常性损益项目和金额 适用 □不适用 | | | | 单位：元 | | --- | --- | --- | --- | | 项目 | 本报告期金额 | 年初至报告期期末金额 | 说明 | | 非流动资产处置损益（包括已计提资产减值准备 | 7,302.30 | -28,289.39 | | | 的冲销部分） | | | | | ...

Financial Performance - The company reported a total revenue of RMB 500 million for the first half of 2022, representing a year-on-year increase of 15%[16]. - The company's operating revenue for the reporting period was ¥467,930,706.52, a decrease of 22.07% compared to the same period last year[22]. - The company achieved total revenue of 468 million yuan for the first half of 2022, a decrease of 22.07% compared to the same period last year[48]. - Operating profit increased by 385.02% to 32.07 million yuan, while total profit rose by 437.28% to 37.94 million yuan[48]. - Net profit attributable to shareholders reached 33.93 million yuan, an increase of 244.32% year-on-year, driven by improved gross margins in communication network and digital city businesses[48]. - The company reported a net cash flow from operating activities of 53.08 million yuan, up 131.80% from the previous year, due to enhanced collection efforts[48]. - The company's total revenue from information technology services was approximately ¥467.93 million, a decrease of 22.07% year-over-year, with a gross margin of 22.14%[63]. - The company's total assets at the end of the reporting period were ¥2,129,734,660.81, a decrease of 5.39% from the end of the previous year[22]. - The company's total liabilities decreased from CNY 1,325,105,256.61 to CNY 1,166,959,142.25, representing a reduction of about 12%[193]. User Growth and Market Expansion - User data showed an increase in active users by 20% compared to the same period last year, reaching 1.2 million active users[16]. - The company is expanding its market presence in Southeast Asia, with plans to enter three new countries by the end of 2022[16]. - The company has established long-term stable partnerships with nearly 300 government departments and enterprises across various industries, including finance and e-commerce[33]. - The company is focusing on expanding its digital city system services and cloud computing solutions, leveraging AI and big data technologies[30]. - The company is participating in the "Belt and Road" initiative, aiming to extend its services to Central Asia and the Middle East[43]. Research and Development - Research and development expenses increased by 25% year-on-year, totaling RMB 50 million, to support new technology initiatives[16]. - Research and development investment decreased by 35.35% to ¥13.31 million from ¥20.59 million, reflecting reduced business volume[59]. - The company is committed to developing new technologies and solutions in smart cities, artificial intelligence, and big data[49]. Acquisitions and Investments - The company completed an acquisition of a tech startup for RMB 100 million to enhance its product offerings[16]. - The company has invested ¥845,458 in new technology and product development, focusing on 5G technology and cloud computing services[74]. - The total investment amount for the reporting period was ¥17,351,806.59, a decrease of 81.99% compared to the same period last year, which was ¥96,363,202.53[73]. Operational Efficiency - The company aims to improve operational efficiency by implementing new software solutions, projected to reduce costs by 15%[16]. - The company has implemented a 24-hour online customer service system to improve service efficiency and response times[57]. - The company is actively managing accounts receivable through a dedicated team to ensure timely collections and minimize bad debt risks[96]. Risks and Challenges - The management identified potential risks including market competition and regulatory changes, which are detailed in the risk management section[4]. - The company faces challenges in the digital city system service sector due to reduced government investment amid economic slowdowns[45]. - The company is facing risks from macroeconomic conditions and industry investment slowdowns, which may impact revenue growth[92]. - The company has a high customer concentration risk, primarily relying on three major telecom operators and a few large state-owned enterprises, which could adversely affect profitability if service quality declines[93]. - The company is exposed to force majeure risks, including natural disasters and geopolitical issues, which could severely disrupt business operations and affect performance[99]. Shareholder and Governance Matters - The company has no plans to distribute cash dividends or issue bonus shares for the current fiscal year[5]. - The company held two temporary shareholder meetings in 2022, with investor participation rates of 37.88% and 36.76% respectively[103]. - The company completed the repurchase and cancellation of restricted stock from the 2019 incentive plan on February 25, 2022[106]. - The company has committed to fulfilling its promises related to shareholding and stock transfer restrictions as per the agreements made[114]. - The company has successfully fulfilled all commitments related to share lock-up and performance compensation agreements as of the reporting date[116]. Financial Management - The company reported a total of ¥248.44 million in cash and cash equivalents, representing 11.67% of total assets, a slight increase from the previous year[68]. - The accounts receivable stood at approximately ¥856.46 million, accounting for 40.21% of total assets, a decrease of 0.28% from the previous year[68]. - The company has ongoing lease agreements with various entities, with rental amounts increasing annually by 3% to 5%[139][140]. - The company plans to apply for a comprehensive credit limit of up to 60 million yuan from Kunlun Bank, with collateral provided by its real estate[135]. Operational Developments - The company operates over 30 Tier 3+ data centers nationwide, with a total of more than 8,000 racks and bandwidth exceeding 4TB[33]. - The company has begun exploring game publishing business since the end of 2021, leveraging its digital media marketing capabilities[34]. - The company is actively expanding its cloud and IDC services, with multiple new IDC projects initiated since 2021[52].

证券代码：300603 股票简称：立昂技术 编号：2022-066 立昂技术股份有限公司 关于参加2022年新疆辖区上市公司 投资者网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 为便于广大投资者更深入全面地了解公司情况、发展战略、经营状况、融资计 划、股权激励、可持续发展等投资者所关心的问题，立昂技术股份有限公司（以下简称 "公司"）定于2022年6月24日参加由新疆上市公司协会联合深圳市全景网络有限公司 组织开展的2022年新疆辖区上市公司投资者网上集体接待日活动。现将有关事项公告如 下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台，采取网络远程 的方式举行 ， 投 资 者 可 以 登 录 全 景 网 " 投 资 者 关 系 互 动 平 台 " 网 站 （http://ir.p5w.net/）或关注微信公众号：全景财经（微信号：p5w2012），参与公司 本次投资者集体接待日活动，活动时间为2022年6月24日（星期五）15:00—17:30。 出席本次网上集体接待日的人员有：公司董事、总裁周路先生，董事、副总裁兼 ...

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the fiscal year 2021, representing a year-on-year increase of 15%[15]. - The net profit attributable to shareholders was RMB 200 million, which is a 10% increase compared to the previous year[15]. - The company's operating revenue for 2021 was ¥967,765,327.41, a decrease of 3.84% compared to ¥1,006,429,531.55 in 2020[19]. - The net profit attributable to shareholders was -¥547,096,130.07, showing an improvement of 40.09% from -¥913,232,779.03 in the previous year[19]. - The total assets at the end of 2021 were ¥2,251,044,708.48, down 16.13% from ¥2,683,856,253.94 at the end of 2020[19]. - The basic earnings per share for 2021 was -¥1.35, an improvement of 38.91% from -¥2.21 in 2020[19]. - The company reported a total of ¥55,038,229.21 in non-recurring gains and losses for 2021, compared to ¥2,886,384.11 in 2020[25]. - The company experienced a significant quarterly loss in Q4 2021, with a net profit attributable to shareholders of -¥484,890,092.03[22]. - The company’s weighted average return on equity was -46.00% for 2021, slightly improving from -47.12% in 2020[19]. - The company reported a decrease in revenue after deducting other business income, totaling ¥965,203,095.39 for 2021[20]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 30% market share in the region by 2025[15]. - Future guidance indicates a projected revenue growth of 20% for 2022, with a target revenue of RMB 1.44 billion[15]. - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market reach[15]. - The company is expanding its market presence in regions such as Guangdong, Zhejiang, and Jiangsu, optimizing resource allocation to enhance growth in these areas[49]. - The company is participating in the "Belt and Road" initiative, aiming to extend its services to Central Asia and the Middle East, aligning with its mid-term strategic goals[49]. - The company plans to expand its international market presence, as indicated by the significant growth in foreign revenue[68]. - The company is focused on expanding its market presence and enhancing its product offerings through strategic leadership and management changes[159]. Research and Development - The company has allocated RMB 100 million for R&D in new technologies, aiming to enhance product offerings and improve operational efficiency[15]. - New product launches are expected to contribute an additional RMB 300 million in revenue in 2022, with a focus on AI-driven solutions[15]. - Research and development expenses increased by 15.45% to ¥39,276,646.98, reflecting a rise in R&D investment[62]. - The company plans to increase R&D investment in cloud computing and cloud services, aiming to enhance computing power and expand IDC business[123]. - The company aims to achieve a compound annual growth rate of 25% in the big data industry by 2025, with a target market size exceeding CNY 3 trillion[124]. Operational Efficiency - The company aims to reduce operational costs by 15% through efficiency improvements and process optimization in 2022[158]. - The company has effectively controlled construction and operation costs, providing high-quality data center services with timely customer demand response and high professional standards in its operation and maintenance team[38]. - The company is committed to timely technology updates and talent retention to maintain its competitive edge in the rapidly evolving information technology landscape[133]. Governance and Management - The company has established a strong partnership with major internet companies such as Baidu, Tencent, and Alibaba, as well as financial firms like Zhongying Life and Sunshine Insurance, expanding its customer base beyond traditional industries[38]. - The company has a complete governance structure with independent decision-making and operational processes, ensuring no overlap in organizational functions[152]. - The company has established a performance evaluation and incentive system for its directors, supervisors, and senior management, ensuring compliance with legal regulations[148]. - The company has a well-defined governance structure with a board of directors, supervisory board, and general meeting of shareholders, enhancing checks and balances[152]. Risks and Challenges - The company faces risks from macroeconomic conditions, including potential slowdowns in the information technology sector due to global economic pressures and investment fluctuations[130]. - The company is addressing customer policy adjustment risks by leveraging its industry experience to adapt to market changes and deepen customer relationships[130]. - The company is facing intensified market competition, particularly in the northwest and south China markets, and is adopting strategies to maintain service quality while expanding its market presence[131]. - The company has a significant amount of accounts receivable, which has increased due to capital expansion and operational scale growth, posing a risk of bad debts due to delayed collections[134]. Employee and Talent Management - The total number of employees at the end of the reporting period was 1,159, with 719 in the parent company and 163 in major subsidiaries[192]. - The company has 24 employees with a master's degree, accounting for about 2.1% of the total workforce[193]. - The company implemented 13 new employee training sessions, 10 mentor training sessions, and 6 job skills training sessions during the reporting period[195]. - The company is focusing on talent acquisition and has implemented a dual incentive system to attract and retain top marketing and R&D talent, enhancing its core competitiveness[128]. Shareholder and Financial Policies - The company will not distribute cash dividends for the fiscal year 2021, opting to reinvest profits into business expansion[6]. - The company has proposed a three-year shareholder return plan for 2021-2023, indicating a commitment to returning value to shareholders[189]. - The company has a performance evaluation system for determining the remuneration of directors and senior management[179]. - The company does not pay remuneration to some of its directors[178].

Financial Performance - The company's revenue for Q1 2022 was CNY 222,722,511.94, representing a 30.32% increase compared to CNY 170,903,981.91 in the same period last year[3]. - Net profit attributable to shareholders was CNY 6,912,675.78, a significant turnaround from a loss of CNY 19,993,654.27 in the previous year, marking a 134.57% improvement[3]. - The company reported a basic earnings per share of CNY 0.02, up 140.00% from a loss of CNY 0.05 per share in the same quarter last year[3]. - Net profit for Q1 2022 reached CNY 8.60 million, a significant recovery from a net loss of CNY 20.83 million in Q1 2021[26]. - Earnings per share for Q1 2022 were CNY 0.02, compared to a loss per share of CNY 0.05 in the same quarter last year[27]. Cash Flow and Liquidity - The net cash flow from operating activities improved by 50.78%, with a net outflow of CNY 50,022,632.22 compared to CNY 101,622,377.71 in the prior year[9]. - Cash inflow from operating activities was CNY 268.34 million, an increase from CNY 226.75 million in Q1 2021[29]. - The net cash flow from operating activities was -50,022,632.22, an improvement from -101,622,377.71 in the previous year, indicating a 50.8% reduction in cash outflow[30]. - Total cash and cash equivalents at the end of the period were 174,364,374.96, down from 266,619,969.44, representing a decrease of 34.5%[30]. - Cash inflow from financing activities was 82,698,768.36, compared to 123,706,255.78 in the previous year, reflecting a decline of 33.2%[30]. - The company reported a cash outflow of 102,007,420.11 from financing activities, significantly higher than 35,935,133.49 in the previous year, marking an increase of 184.5%[30]. Assets and Liabilities - Total assets decreased by 2.65% to CNY 2,191,496,088.10 from CNY 2,251,044,708.48 at the end of the previous year[3]. - The company's cash and cash equivalents decreased to CNY 189,212,753.69 from CNY 258,350,580.96, representing a decline of about 26.7%[21]. - Accounts receivable stood at CNY 892,454,782.92, slightly down from CNY 911,409,467.15, indicating a decrease of approximately 2.5%[21]. - The total liability of CNY 1.26 billion, a decrease from CNY 1.33 billion in the previous year[26]. - The total current liabilities decreased to CNY 978,322,357.83 from CNY 1,063,731,638.51, a reduction of about 8.0%[22]. Shareholder Structure and Management - The number of ordinary shareholders at the end of the reporting period was 47,232[11]. - The actual controller, Mr. Wang Gang, holds 73.99% of Tianjin Hongrui Management Consulting Co., Ltd. and serves as the executive director and manager[12]. - The top 10 shareholders collectively hold 10,068,549 shares, all through the margin trading account of CITIC Securities Co., Ltd.[12]. - The company’s shareholder structure indicates a strong concentration of ownership among a few key individuals, which may impact governance and decision-making[12]. - The company completed the election of its fourth board of directors and supervisory board, with key appointments including Wang Gang as chairman and Zhou Lu as president[17]. Restricted Shares and Incentives - Mr. Wang Gang has 73,902,941 restricted shares, which will be released at a rate of 25% annually during his tenure as chairman[14]. - Mr. Qian Chifeng has 11,877,166 restricted shares, with 2,969,292 shares released this period, based on restructuring commitments[15]. - A total of 3,152,894 restricted shares held by Mr. Zhao Tianlei were released on February 7, 2022, allowing them to be traded[15]. - The company has a significant number of restricted shares due to restructuring commitments, with several shareholders having their shares released in February 2022[15]. - The company has implemented a stock incentive plan, which has now been terminated, leading to the repurchase and cancellation of restricted shares[14]. Operational Costs and Expenses - Total operating costs for Q1 2022 were CNY 207.51 million, up 13.0% from CNY 183.58 million in Q1 2021[26]. - Research and development expenses for Q1 2022 were CNY 7.24 million, down from CNY 9.27 million in Q1 2021, indicating a focus on cost management[26]. - The company experienced a decrease in sales expenses, which were CNY 4.95 million compared to CNY 6.04 million in the previous year[26]. Other Income and Comprehensive Income - Other income rose by 118.65% to CNY 1,555,720.96, attributed to new government subsidies received during the period[8]. - Other comprehensive income after tax was CNY -0.95 thousand, compared to CNY -706.28 thousand in the same period last year[27].

Financial Performance - The company's operating revenue for Q3 2021 was ¥230,573,158.53, a decrease of 9.28% compared to the same period last year[2]. - The net profit attributable to shareholders was -¥38,695,076.84, representing a decline of 174.17% year-on-year[2]. - The net profit after deducting non-recurring gains and losses was -¥35,831,510.40, down 132.03% from the previous year[2]. - The company's net profit for the first nine months of 2021 was -¥55,131,139.20, a decrease of 711.55% compared to the same period in 2020[7]. - The company experienced a 16.91% decline in operating revenue for the first nine months of 2021 compared to the same period in 2020[7]. - Total operating revenue for the third quarter of 2021 was CNY 831,055,636.06, a decrease of 16.9% compared to CNY 1,000,197,216.59 in the same period last year[23]. - Net profit for the third quarter was a loss of ¥55,131,139.20, compared to a profit of ¥9,014,994.02 in the same period last year, indicating a significant decline[24]. - The company reported a total comprehensive loss of ¥56,083,179.01, compared to a comprehensive income of ¥9,014,994.02 in the previous year[25]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,766,382,095.35, an increase of 3.07% compared to the end of the previous year[2]. - As of September 30, 2021, total assets amounted to CNY 2,766,382,095.35, an increase from CNY 2,683,856,253.94 at the end of 2020[21]. - The company reported a total liability of CNY 1,295,877,272.85, compared to CNY 1,169,201,226.16 at the end of 2020, indicating an increase of 10.8%[21]. - The company's total equity as of September 30, 2021, was CNY 1,470,504,822.50, down from CNY 1,514,655,027.78 at the end of 2020, a decrease of 2.9%[21]. - Cash and cash equivalents at the end of the period were ¥228,951,193.64, down from ¥324,813,048.28, a decline of approximately 29.5%[29]. Cash Flow - The company's cash flow from operating activities showed a net outflow of -¥98,636,653.75, a decrease of 164.04% year-on-year[7]. - The cash flow from financing activities showed a net inflow of ¥72,277,881.24, a significant change compared to the previous year's outflow[7]. - Operating cash flow net amount was negative at ¥98,636,653.75, worsening from a negative ¥37,356,067.23 in the previous year[28]. - Investment activities generated a net cash outflow of ¥37,752,228.46, compared to a larger outflow of ¥153,046,889.73 in the previous year[28]. - Financing activities resulted in a net cash inflow of ¥72,277,881.24, a recovery from a net outflow of ¥83,770,159.53 in the same period last year[28]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 27,534[9]. - The largest shareholder, Wang Gang, holds 26.62% of the shares, totaling 98,537,255 shares, with 73,902,941 shares under pledge[9]. - The second-largest shareholder, Ge Liangdi, owns 7.54% of the shares, amounting to 27,908,689 shares[9]. - The total number of shares held by the top ten unrestricted shareholders includes 24,634,314 shares held by Wang Gang[10]. - The company has a total of 73,902,941 restricted shares held by Wang Gang, which are subject to a lock-up period due to his position as chairman[12]. Restricted Shares and Incentive Plans - The total number of restricted shares at the beginning of the period was 180,189,184, with 50,935,911 shares released during the period, resulting in 129,253,273 restricted shares at the end of the period[14]. - The company has a phased release plan for restricted shares based on the 2019 stock incentive plan, allowing for 25% of shares to be released annually for current executives[14]. - The company continues to adhere to its stock incentive plan, which includes provisions for phased release of shares for all eligible participants[14]. - The overall management of restricted shares is critical for maintaining executive accountability and aligning with long-term company performance goals[14]. Regulatory and Compliance Issues - The company was included in the U.S. Department of Commerce's entity list, which may impact its operations and market access[17]. - The company is in the process of responding to inquiries from the Shenzhen Stock Exchange regarding its application for a private placement of shares, with no certainty on the outcome[17]. - The company has made adjustments to its financial reporting in response to regulatory inquiries, indicating ongoing compliance efforts[17]. - The company has not disclosed any new strategies or future outlook in the provided documents[11]. Research and Development - Research and development expenses increased to ¥28,778,666.41 from ¥27,100,335.76, showing a growth of about 6.2%[24].

Financial Performance - The company reported a revenue of 300 million RMB for the first half of 2021, representing a year-on-year increase of 15%[16] - The net profit attributable to shareholders for the same period was 50 million RMB, up 20% compared to the previous year[16] - The company's operating revenue for the reporting period was ¥600,482,477.53, a decrease of 19.51% compared to the same period last year[22] - The net profit attributable to shareholders was -¥23,510,961.20, representing a decline of 194.92% year-over-year[22] - The total revenue for the first half of 2021 was 600,482,477.53 yuan, a decrease of 19.51% compared to the same period last year[43] - The operating profit was -11,253,289.99 yuan, down 129.87% year-on-year[43] - The company reported a net profit of CNY 9,711,593.93 from its subsidiary Guangzhou Dayi Internet Technology, with total revenue of CNY 12,263,700[87] - The company reported a basic and diluted earnings per share of -0.0600 for the first half of 2021, down from 0.0900 in the same period last year[187] - The total comprehensive income for the first half of 2021 was -¥18,529,205.14, compared to ¥22,524,161.10 in the first half of 2020[187] User Growth and Market Expansion - User data showed an increase in active users by 25%, reaching a total of 1.5 million users by June 30, 2021[16] - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2022[16] - The company has established long-term stable relationships with major clients in various sectors, including internet and finance, such as Baidu and Alibaba[32] - The company is expanding its digital city system business to reduce reliance on a single customer for service procurement[91] - The company has achieved a strong market position in the Northwest and South China regions, with plans to gradually expand its business to other domestic areas and Central Asia[92] Research and Development - The company is investing 30 million RMB in R&D for new product development, focusing on AI technology[16] - Research and development investment increased by 3.63% to approximately ¥20.59 million, reflecting the company's commitment to innovation[52] - The company has formed strategic partnerships with leading AI algorithm companies to enhance its AI technology capabilities[47] - The company is committed to innovation and has accumulated core technologies in areas such as cloud computing and big data[47] Financial Position and Cash Flow - The net cash flow from operating activities was -¥166,904,663.77, which is a decline of 111.26% compared to the same period last year[22] - The total assets at the end of the reporting period were ¥2,766,953,151.79, an increase of 3.10% from the end of the previous year[22] - The net assets attributable to shareholders at the end of the reporting period were ¥1,465,315,478.40, a decrease of 1.07% compared to the end of the previous year[22] - The company reported a significant increase in sales expenses, rising by 44.40% to approximately ¥12.61 million, mainly due to an increase in the scope of consolidation and market expenses recovering from the pandemic[52] - The company experienced a 176.32% increase in net cash flow from financing activities, amounting to approximately ¥36.88 million, primarily due to increased borrowings[54] - The ending cash and cash equivalents balance decreased to 131,398,162.91 RMB in H1 2021 from 350,733,360.70 RMB in H1 2020, a decline of about 62.5%[193] Risks and Challenges - Risk factors identified include market competition and regulatory changes, which the company is actively monitoring[5] - The company faces risks from macroeconomic conditions and industry investment slowdowns, which could impact revenue growth in the information technology service sector[90] - The company has a high customer concentration risk, primarily relying on three major telecom operators and government agencies, which could affect profitability if service quality declines[91] - The company faces risks related to accounts receivable, with a large balance that may be impacted by economic slowdowns and potential delays in payment collection from major clients[94] - The company has a significant amount of goodwill on its balance sheet, which may be subject to impairment if the performance of acquired subsidiaries deteriorates[95] Shareholder and Equity Information - The actual controller holds 25.76% of the company's shares, which may influence management decisions and potentially affect the interests of other shareholders[97] - The company has not declared any cash dividends or stock bonuses for the half-year period[104] - The company plans to issue up to 111,029,504 shares, raising a total of no more than 187,740.71 million RMB for projects and working capital[140] - The total number of ordinary shareholders at the end of the reporting period is 32,174[160] - The company’s total equity at the beginning of the period was CNY 1,514,655,027.78, indicating stability in ownership equity[198] Operational Developments - The company operates over 30 Tier 3+ data centers with more than 8,000 racks and bandwidth exceeding 2.5T, serving nearly 300 government departments and enterprises[30] - The company has expanded its services to include digital city systems, IDC data centers, cloud computing, and telecom value-added services, leveraging new infrastructure policies[30] - The company has established a comprehensive digital marketing solution for telecom operators, integrating content distribution, digital media marketing, and mobile payment billing services[34] - The company has completed acquisitions to extend its reach into the data center and value-added telecom sectors, enhancing its service capabilities[30] Miscellaneous - The company has not engaged in any significant asset or equity sales during the reporting period[85] - The company has not conducted any derivative investments or entrusted financial management during the reporting period[82][83] - The company has not reported any major changes in the use of raised funds or project implementation methods[78] - The report does not provide specific user data or performance guidance for future periods[198]

Financial Performance - The company's revenue declined significantly due to the COVID-19 pandemic, with major operations in Xinjiang being halted for extended periods, leading to a substantial drop in business income [5]. - The company reported a significant drop in quarterly revenue, with Q4 2020 revenue at ¥6,232,314.96, down from ¥384,262,375.28 in Q1 2020 [24]. - The company's revenue for 2020 was ¥1,006,429,531.55, a decrease of 27.17% compared to ¥1,381,970,363.87 in 2019 [21]. - The net profit attributable to shareholders in 2020 was -¥913,232,779.03, representing a decline of 848.40% from a profit of ¥122,023,926.38 in 2019 [21]. - The net cash flow from operating activities was -¥38,245,570.09 in 2020, a decrease of 119.01% compared to ¥201,222,401.86 in 2019 [21]. - The total assets at the end of 2020 were ¥2,683,856,253.94, down 27.55% from ¥3,704,376,631.00 at the end of 2019 [21]. - The net assets attributable to shareholders decreased by 38.30% to ¥1,481,179,730.37 at the end of 2020 from ¥2,400,799,788.76 at the end of 2019 [21]. - The basic earnings per share for 2020 was -¥2.21, compared to ¥0.30 in 2019, reflecting a decline of 836.67% [21]. - The company reported a distributable profit of -RMB 643,731,948.47 for the year 2020, indicating no cash dividends were distributed [161]. - The company did not declare any cash dividends or stock bonuses for shareholders, indicating a focus on retaining capital for recovery efforts [7]. Business Strategy and Expansion - The company plans to enhance its market share by consolidating its traditional business in Northwest China and expanding into South China, East China, Southwest China, and overseas markets [6]. - The company aims to strengthen its data center and digital city initiatives, establishing a market-oriented R&D system to boost core competitiveness [6]. - The company has expanded its business through mergers and acquisitions, including the acquisition of Wo Chi Technology and Dayi Internet, to enhance its data center and telecom value-added services [33]. - The company is currently executing major contracts, including a ¥320 million project for a vehicle monitoring system, which is in the initial phase [89]. - The company plans to expand its data center and cloud services, aiming to increase the number of available cabinets to 30,000-50,000 in the next three to five years [74]. - The company is actively pursuing market expansion strategies and has signed agreements with various investment partners to enhance its operational capabilities [180]. - The company plans to strengthen its communication network technology services and expand into civilian aviation and road traffic sectors, while also targeting markets outside the northwest region [140]. Challenges and Risks - Future plans and performance forecasts are subject to risks, and investors are advised to remain cautious regarding potential discrepancies between plans and actual outcomes [6]. - The company reported an increase in bad debt provisions due to insufficient fiscal capacity of government clients, impacting liquidity and financial costs [5]. - The telecommunications value-added business revenue declined due to a shrinking market, with overall revenue from this segment decreasing throughout the year [5]. - The company faces risks from macroeconomic fluctuations and potential slowdowns in industry investment, which could lead to a significant decline in business revenue [141]. - The company is addressing customer policy adjustment risks by enhancing its market responsiveness and deepening customer service to maintain its competitive edge in the telecom value-added services sector [143]. - The company is actively managing financial risks associated with increasing accounts receivable, which may be affected by the economic downturn and delayed payments from major clients [149]. Research and Development - The company's research and development investment decreased by 27.66% year-on-year [78]. - The company has implemented a talent cultivation plan to strengthen its core management and technical teams, ensuring continuous innovation and development [63]. - The company is investing in R&D, with a budget increase of 30% aimed at developing new technologies [200]. - The company aims to enhance its one-stop cloud service offerings and security solutions, leveraging existing data center licenses and expanding its cloud computing capabilities [138]. Digital City and Technology Integration - The digital city system service has integrated AI and cloud computing technologies, enhancing capabilities in video surveillance and data analysis for various sectors [34]. - The integration of edge computing capabilities into the company's internet data center services aims to meet the growing demand for high bandwidth and low latency [37]. - The company has accumulated core technologies in smart cities, digital cities, artificial intelligence, cloud computing, and big data, positioning itself as a leader in the information service industry [61]. - The company has established a comprehensive digital marketing platform leveraging hundreds of effective billing codes across mobile and home digital sectors, achieving nationwide coverage [38]. Financial Management and Governance - The company is focused on improving its governance structure and internal controls to mitigate goodwill impairment risks associated with mergers and acquisitions [150]. - The company has committed to fulfilling all promises made by shareholders and related parties during the reporting period [166]. - The company has established a long-term commitment to avoid and minimize related transactions with listed companies [188]. - The company has confirmed that all commitments will remain valid as long as there are related relationships with its controlled enterprises [189]. - The company has pledged to maintain fair pricing and legal compliance in transactions with controlled enterprises, ensuring no unfair advantages are taken [188]. Market Outlook and Future Projections - The company provided a future outlook projecting a revenue growth of 25% for the next fiscal year, driven by new product launches and market expansion [177]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by 2023 [176]. - The company plans to invest 200 million yuan in new technology development over the next year [198]. - The company aims to improve operational efficiency, targeting a reduction in costs by 10% over the next year [200].

Financial Performance - The company's operating revenue for Q1 2021 was ¥170,903,981.91, a decrease of 55.52% compared to ¥384,262,375.28 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥19,993,654.27, representing a decline of 162.52% from a profit of ¥31,980,280.04 in the previous year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥21,042,043.27, down 171.17% from ¥29,566,638.69 in the prior year[8] - The basic and diluted earnings per share were both -¥0.05, a decrease of 141.67% from ¥0.12 in the same period last year[8] - The weighted average return on equity was -1.36%, down 2.68% from 1.32% in the previous year[8] - The company reported a net cash flow from operating activities of -¥101,622,377.71, which was a slight improvement of 0.01% compared to -¥101,635,089.07 in the same period last year[8] - The total comprehensive income for Q1 2021 was -¥21,534,334.08, compared to ¥29,876,920.17 in Q1 2020, highlighting a significant downturn[64] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,688,950,083.09, an increase of 0.19% from ¥2,683,856,253.94 at the end of the previous year[8] - The net assets attributable to shareholders decreased by 1.00% to ¥1,466,383,152.49 from ¥1,481,179,730.37 at the end of the previous year[8] - The total liabilities rose to CNY 1,189,736,734.41 from CNY 1,169,201,226.16, indicating an increase of about 1.5%[54] - The total owner's equity decreased to CNY 1,499,213,348.68 from CNY 1,514,655,027.78, a decline of approximately 1.0%[55] Cash Flow - The total cash inflow from operating activities was CNY 226,747,304.98, a decrease of 26.2% compared to CNY 307,334,425.13 in the previous period[68] - The net cash outflow from operating activities was CNY -101,622,377.71, which is similar to the previous period's net outflow of CNY -101,635,089.07[68] - The cash inflow from financing activities totaled CNY 123,706,255.78, a substantial increase from CNY 30,109,798.50 in the previous period[70] - The net cash inflow from financing activities was CNY 87,771,122.29, compared to a net outflow of CNY -4,851,754.92 in the previous period[70] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 32,031[11] - The company reported a total of 16,691,798 restricted shares at the beginning of the period, with 4,172,950 shares released during the current period, leaving 12,518,848 shares at the end of the period[15] - A total of 45,601,455 restricted shares were reported, with no shares released during the current period, maintaining the same number at the end of the period[15] - The company has a commitment to release shares in batches according to restructuring agreements, with the first release date set for January 30, 2022, for certain shareholders[16] Investment and Development - The company plans to invest approximately 5 billion RMB in the construction of an artificial intelligence demonstration base and regional headquarters in Jintang County[35] - The company is focusing on diversifying and expanding its business in cloud computing and integrated cloud services, while also enhancing its digital city and communication network technology services[28] - The company aims to strengthen its internal management and promote technological innovation to achieve sustainable development[29] Research and Development - Research and development expenses increased by 31.31% to CNY 9.27 million, reflecting higher R&D investments during the period[23] - The company experienced a credit impairment loss of ¥6,585,652.29 in Q1 2021, an improvement from a loss of ¥12,058,791.09 in the same period last year[62] Market Overview - In 2020, China's IDC industry market size reached approximately 208 billion RMB, with a year-on-year growth of 33%[30] - The traditional IDC industry market size was 100 billion RMB, growing by 23% year-on-year[30] - The compound annual growth rate of China's IDC business market size is expected to reach 26.9% from 2019 to 2022[30]

Financial Performance - The company's revenue declined significantly due to the COVID-19 pandemic, with major operations in Xinjiang being halted for extended periods, leading to a substantial drop in business income [4]. - The company reported a continuous increase in bad debt provisions due to insufficient fiscal capacity of government clients, impacting liquidity and financial costs [4]. - The telecommunications value-added business revenue declined due to a shrinking market, with overall revenue from this segment decreasing throughout the year [4]. - The company's operating revenue for 2020 was ¥1,006,429,531.55, a decrease of 27.17% compared to ¥1,381,970,363.87 in 2019 [20]. - The net profit attributable to shareholders in 2020 was -¥913,232,779.03, representing a decline of 848.40% from ¥122,023,926.38 in 2019 [20]. - The net cash flow from operating activities was -¥38,245,570.09 in 2020, a decrease of 119.01% compared to ¥201,222,401.86 in 2019 [20]. - The total assets at the end of 2020 were ¥2,683,856,253.94, down 27.55% from ¥3,704,376,631.00 at the end of 2019 [20]. - The net assets attributable to shareholders decreased by 38.30% to ¥1,481,179,730.37 at the end of 2020 from ¥2,400,799,788.76 at the end of 2019 [20]. - The basic earnings per share for 2020 was -¥2.21, compared to ¥0.30 in 2019, reflecting a decline of 836.67% [20]. - The company reported a significant loss in the fourth quarter, with a net profit attributable to shareholders of -¥923,888,777.41 [23]. - The company has indicated uncertainty regarding its ability to continue as a going concern due to negative net profits in recent years [20]. - The company has not distributed any cash dividends or bonus shares for the year, indicating a focus on retaining capital for recovery and growth [6]. - The total distributable profit for 2020 was reported as a negative RMB 643,731,948.47, indicating financial challenges [159]. Business Strategy and Expansion - The company plans to strengthen its traditional business in Northwest China while actively expanding into South China, East China, Southwest China, and overseas markets to increase market share [5]. - The company aims to enhance its layout in data centers and digital city sectors, establishing a market-oriented R&D system to boost core competitiveness [5]. - The company plans to focus on new product development and market expansion strategies in the upcoming fiscal year [30]. - The company operates over 30 Tier 3+ data centers nationwide, with more than 8,000 racks and bandwidth exceeding 2.5T [35]. - The company has successfully expanded its business through both organic growth and strategic acquisitions, including the acquisition of Wo Chi Technology and Dayi Internet [32]. - The company plans to expand its data center and cloud services, aiming to increase the number of available cabinets to 30,000-50,000 over the next three to five years [73]. - The company is actively exploring business integration with edge computing and has obtained a CDN license to support its service offerings [50]. - The company aims to enhance its one-stop cloud service offerings and provide comprehensive security solutions to address customer needs [135]. - The company plans to strengthen its communication network technology services and expand into civilian aviation and road traffic sectors, while also targeting markets outside the northwest region [137]. Operational Challenges - The overall gross profit margin for engineering projects has decreased, reflecting challenges in new business development and operational costs [4]. - The company faced challenges in its telecommunications value-added services due to stricter operator control policies and increased competition in the internet business [75]. - The company has not experienced any significant changes in the feasibility of its fundraising investment projects [123]. - The company is actively managing accounts receivable to mitigate risks associated with delayed payments and potential bad debts due to economic conditions [147]. - There is a risk of goodwill impairment if acquired subsidiaries do not meet operational targets, which could adversely affect the company's financial results [148]. - The company acknowledges potential risks in its future operations and emphasizes the importance of investor awareness regarding these risks [6]. - The company reported a significant increase in financial expenses by 129.41% to approximately ¥20.73 million, primarily due to increased borrowing costs [97]. Research and Development - Investment in R&D increased by 30%, focusing on innovative technologies and new product development to enhance competitive advantage [195]. - The company has implemented a talent cultivation plan to strengthen its core management and technical teams, ensuring continuous R&D capability [62]. - The company's R&D investment in 2020 amounted to ¥34,020,801.93, representing 3.38% of total revenue [98]. - The number of R&D personnel decreased to 159 in 2020, accounting for 21.96% of the workforce [98]. Market Position and Customer Base - The company has established a long-term stable partnership with nearly 300 government departments and enterprises across various industries, including internet and finance [35]. - The customer base for data center services includes leading internet companies like Alibaba and Baidu, as well as traditional industries and government units [48]. - The company has integrated AI and cloud computing technologies into its services, improving the effectiveness of solutions provided to government clients [33]. - The company has developed a comprehensive digital marketing solution utilizing big data analytics for clients in e-commerce, gaming, and entertainment sectors [61]. - The company has accumulated nearly 200 effective billing codes with major telecom operators, covering various billing types to meet diverse terminal product and value-added service needs [60]. Compliance and Governance - The company has committed to maintaining transparency and compliance with regulatory requirements, ensuring accurate and timely information disclosure [194]. - The company confirmed that its business operations comply with relevant laws and regulations [199]. - The company has maintained a reliable internal control system to ensure the accuracy of financial reports [198]. - The company is committed to ensuring the independence of its operations and management from its controlling shareholders [197]. - The company has not faced any administrative penalties from the China Securities Regulatory Commission in the last twelve months [199]. - The company has a long-term commitment to ensure that its fundraising activities align with the relevant regulations of the Shenzhen Stock Exchange [182]. Shareholder Relations - The company has engaged in investor communications, including discussions with institutional investors regarding business development [152]. - The company’s cash dividend policy aligns with its articles of association and shareholder resolutions, ensuring transparency and protection of minority shareholders [158]. - The company has a commitment to ensure that the investment of raised funds will not lead to any competition with its controlling shareholders [183]. - The company has established a performance compensation agreement with multiple investors to ensure accountability and transparency in financial reporting [178]. - The company is actively managing its share issuance and compensation obligations to maintain market stability and investor confidence [169].