Financial Performance - The company's operating revenue for Q1 2022 was ¥190,738,107.50, representing a 16.20% increase compared to ¥164,145,728.02 in the same period last year[5] - Net profit attributable to shareholders was ¥8,795,843.86, a significant turnaround from a loss of ¥6,225,908.19 in the previous year, marking a 241.28% increase[5] - The net cash flow from operating activities improved by 35.83%, with a net outflow of ¥31,108,924.37 compared to ¥48,476,514.56 in the same period last year[11] - The company's basic earnings per share increased to ¥0.06 from a loss of ¥0.04, reflecting a 250.00% improvement[5] - The total operating revenue for Q1 2022 was CNY 190,738,107.50, an increase of 16.2% compared to CNY 164,145,728.02 in the same period last year[24] - The net profit for Q1 2022 was CNY 8,425,613.42, a significant recovery from a net loss of CNY 7,970,610.89 in the previous year[25] - The total equity attributable to shareholders increased to CNY 306,345,954.49, up from CNY 297,568,813.72, marking a growth of 2.6%[23] - The company reported a basic and diluted earnings per share of CNY 0.06, compared to a loss per share of CNY 0.04 in the same quarter last year[26] Cash Flow and Liquidity - The net cash flow from financing activities increased by 166.48% to ¥10,715,070.87, driven by new bank loans obtained by the subsidiary[11] - Cash inflows from operating activities were CNY 215,012,241.56, slightly down from CNY 217,313,184.66 in the previous year[27] - The cash paid for purchasing goods and services was CNY 210,425,162.95, which is an increase from CNY 206,598,132.67 in the previous year[27] - The total cash outflow from operating activities was 246,121,165.93 CNY, slightly lower than 265,789,699.22 CNY in the previous period[28] - The company incurred a total cash outflow from investing activities of 5,000,000.00 CNY, significantly lower than 17,047,461.00 CNY in the previous period[28] - Cash inflow from financing activities was 20,000,000.00 CNY, compared to 4,700,000.00 CNY in the previous period, showing a substantial increase[28] - The net cash flow from financing activities was 10,715,070.87 CNY, up from 4,020,918.89 CNY in the previous period, reflecting improved financing conditions[28] - The company paid 451,500.00 CNY in dividends and interest during the period, with other financing cash outflows totaling 8,833,429.13 CNY[28] - The cash and cash equivalents decreased by 25,400,764.51 CNY during the period, compared to a decrease of 61,469,192.72 CNY in the previous period[28] Assets and Liabilities - Total assets decreased by 8.02% to ¥737,083,189.51 from ¥801,309,787.75 at the end of the previous year[5] - As of March 31, 2022, the company's total assets amounted to CNY 737,083,189.51, a decrease from CNY 801,309,787.75 at the beginning of the year[19] - The company's total liabilities decreased to CNY 435,994,554.62 from CNY 508,628,063.19, representing a reduction of approximately 14.3%[23] - The company's total liabilities increased to CNY 436,111,034.25 from CNY 495,795,123.93, indicating a decrease in current liabilities[21] - The company's cash and cash equivalents decreased to CNY 45,061,549.28 from CNY 70,462,313.79 at the beginning of the year, representing a decline of approximately 36%[20] - Accounts receivable decreased to CNY 264,407,024.26 from CNY 298,949,318.77, reflecting a reduction of about 11.5%[20] - The company's inventory decreased to CNY 61,821,339.09 from CNY 69,473,971.24, indicating a decline of approximately 11.5%[21] - The company’s long-term equity investments slightly decreased to CNY 94,495,241.09 from CNY 95,155,302.02[21] - The company’s non-current assets totaled CNY 300,972,155.26, a slight decrease from CNY 305,514,663.82 at the beginning of the year[21] Research and Development - Research and development expenses decreased by 35.76% to ¥4,405,264.64, primarily due to changes in the scope of consolidation and staff turnover[9] - The research and development expenses for the quarter were CNY 4,405,264.64, down from CNY 6,857,798.05, showing a reduction of 35.8%[24] Financial Obligations and Guarantees - The company provided a guarantee for its wholly-owned subsidiary with a maximum liability of CNY 20,000,000, which represents 29.46% of the company's audited net assets for 2020[18] Other Financial Information - The company plans to issue up to 47,500,000 shares to raise a total of no more than CNY 30,000,000 for various projects, including a full-chain immersive content marketing platform[15] - The company has completed the fundraising project for the "Digital Marketing Platform" and will permanently supplement CNY 3,896,679.17 of surplus funds into working capital[17] - The company experienced a negative impact of -17,054.29 CNY from exchange rate fluctuations on cash and cash equivalents[28] - The first quarter report was not audited, indicating that the figures presented are preliminary and subject to change[30]

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-on-year increase of 15% compared to 2020[15]. - The net profit attributable to shareholders was RMB 200 million, which is a 10% increase from the previous year[15]. - The company's operating revenue for 2021 was ¥917,442,120.75, representing a 48.12% increase compared to ¥619,388,737.26 in 2020[19]. - The net profit attributable to shareholders in 2021 was ¥9,785,443.57, a significant turnaround from a loss of ¥28,771,994.83 in 2020, marking a 134.01% improvement[19]. - The total revenue for 2021 reached ¥917.44 million, representing a year-on-year increase of 48.12%[44]. - Net profit attributable to shareholders was ¥9.79 million, showing a significant growth of 134.01% compared to the previous year[44]. - The digital advertising service revenue amounted to ¥620.03 million, accounting for 67.58% of total revenue, with a year-on-year increase of 63.30%[48]. - The smart marketing service revenue was ¥258.44 million, making up 28.17% of total revenue, with a year-on-year growth of 10.41%[46]. User Growth and Market Expansion - User data showed a growth in active users by 25%, reaching a total of 5 million active users by the end of 2021[15]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by 2023[15]. - The user base for online video (including short videos) in China reached 975 million by December 2021, with short video users at 934 million, indicating a growth of 60.8 million from 2020[31]. - The company is expanding its market presence in Southeast Asia, targeting a 30% increase in market share by 2023[148]. Research and Development - The company has allocated RMB 100 million for research and development in new technologies, particularly in the field of digital marketing platforms[15]. - The company invested ¥27.77 million in R&D during the reporting period, focusing on the development of its proprietary "Giant Wave Technology Platform" and various SaaS products[44]. - Research and development expenses increased by 18% in 2021, totaling 200 million RMB, focusing on AI and machine learning technologies[148]. - The company has developed the "Giant Wave Technology Platform" to provide intelligent marketing and data technology services to various clients[28]. Strategic Initiatives - The company is exploring potential acquisitions to enhance its service offerings and expand its technological capabilities[15]. - The company completed an acquisition of a local marketing firm for 50 million RMB to enhance service offerings and client base[143]. - The management team has undergone changes, with the appointment of a new CEO, Wu Tao, effective October 11, 2021, following the resignation of Liu Yang[142]. - The board of directors has approved a new strategic plan focusing on digital transformation and customer engagement, with an expected investment of 300 million RMB over the next three years[145]. Cash Flow and Investment - The company reported a negative net cash flow from operating activities of ¥78,410,769.49 in 2021, a decline of 195.20% compared to a positive cash flow of ¥82,367,881.96 in 2020[19]. - The company has adopted a cautious investment strategy to ensure efficient use of raised funds and maximize benefits for investors[89]. - The company plans to use part of the idle raised funds, totaling ¥50 million, to temporarily supplement working capital, which was fully returned to the special account by January 17, 2020[90]. Governance and Compliance - The company has established a governance structure that includes a board of directors and independent directors to enhance decision-making processes[123]. - The company has a fully independent business operation with no competition or unfair transactions with controlling shareholders[133]. - The company has maintained a robust communication framework with shareholders and regulatory bodies, ensuring transparency and compliance[129]. - The audit committee found no risks during the reporting period, suggesting effective governance[172]. Employee Management - The total number of employees at the end of the reporting period is 247, with 128 in the parent company and 119 in major subsidiaries[173]. - The company has a structured process for determining the remuneration of its directors and senior management, involving board and shareholder approvals[158]. - The compensation policy includes various benefits such as transportation insurance and supplementary medical insurance, enhancing employee welfare[175]. - The company emphasizes employee rights by adhering to labor laws and providing social insurance, fostering a harmonious labor relationship[194]. Social Responsibility - The company has developed the "My Hometown" APP to support rural revitalization, showcasing its commitment to social responsibility[196]. - The company actively participated in the "My Hometown" public promotion plan, which was officially launched nationwide on December 22, 2021, in Changchun, Jilin Province[197]. - The plan aims to integrate resources through various forms of public welfare assistance and commercial support, contributing to rural spiritual civilization and comprehensive revitalization[197].

Financial Performance - The company's revenue for Q3 2021 was ¥238,938,295.88, representing a 15.54% increase year-over-year, while the year-to-date revenue reached ¥602,968,094.40, up 61.27% compared to the same period last year[4] - The net profit attributable to shareholders for Q3 2021 was -¥12,356,676.29, a decrease of 197.97% year-over-year, with a year-to-date net profit of -¥16,031,591.58, down 43.05%[4] - The basic earnings per share for Q3 2021 was -¥0.08, reflecting a 200.00% decline compared to the same period last year[4] - Total operating revenue for Q3 2021 reached ¥602,968,094.40, a significant increase of 61.2% compared to ¥373,880,746.77 in Q3 2020[26] - Total operating costs for Q3 2021 were ¥612,357,174.21, up from ¥378,588,508.48 in the same period last year, reflecting a rise of 61.6%[26] - The company's net profit for the period showed a loss of ¥9,079,169.70 due to credit impairment losses, compared to a loss of ¥2,478,902.91 in Q3 2020[26] - The net profit for Q3 2021 was -18,109,289.75 CNY, compared to -10,522,574.82 CNY in the same period last year, reflecting a significant increase in losses[27] - Operating profit for the period was -19,164,329.05 CNY, with total profit amounting to -18,424,886.73 CNY, indicating a worsening financial performance[27] - The company reported a total comprehensive income of -18,149,184.60 CNY for the quarter, compared to -13,114,912.44 CNY in the same quarter last year[27] Assets and Liabilities - The total assets as of September 30, 2021, were ¥794,794,645.60, a decrease of 6.94% from the end of the previous year[5] - Total assets decreased to ¥794,794,645.60 from ¥854,021,345.69 at the end of 2020, a decline of 6.9%[26] - Total liabilities decreased to ¥527,083,284.52 from ¥568,830,589.97, representing a reduction of 7.4%[25] - Total assets increased from 854,021,345.69 to 911,567,745.41, reflecting an increase of 57,546,399.72[33] - Total liabilities increased from 568,830,589.97 to 626,376,989.69, showing an increase of 57,546,399.72[34] - Current liabilities remained stable at 553,749,966.73[34] Cash Flow and Financing - The company's cash flow from operating activities for the first nine months of 2021 was -¥71,043,156.00, a significant decline of 249.59% compared to the previous year[14] - Cash flow from operating activities showed a net outflow of -71,043,156.00 CNY, a decline from a net inflow of 47,490,392.22 CNY in the previous year[29] - Total cash and cash equivalents at the end of the period were 71,467,406.22 CNY, down from 162,347,473.41 CNY at the end of the previous year[30] - Cash inflow from financing activities was 10,200,000.00 CNY, an increase from 2,450,000.00 CNY in the same period last year[30] Shareholder Information - The total number of common shareholders at the end of the reporting period is 12,086[16] - The largest shareholder, Beijing Xuan Ya International Investment Co., Ltd., holds 34.56% of the shares, totaling 55,980,000 shares[17] - The company’s total number of shares held by the top ten unrestricted shareholders is 55,980,000, with the second-largest shareholder holding 10,038,200 shares[17] - The company’s actual controller holds 34.56% of the shares through a holding company, with no other significant shareholder relationships reported[17] - The company has no preferred shareholders as per the report[18] - The company plans to issue up to 47,500,000 shares to specific investors, raising a total of no more than RMB 300 million for technology platform upgrades and working capital[20] - The company repurchased 2,960,025 shares, reducing the total share capital from 162,000,000 to 159,039,975 shares[21] Inventory and Expenses - The company reported a 90.50% increase in inventory, amounting to ¥110,084,683.08, due to increased project costs[9] - Inventory as of September 30, 2021, was ¥110,084,683.08, an increase of 90.4% from ¥57,785,962.51 at the end of 2020[24] - The company incurred operating expenses of 747,532,292.91 CNY, significantly higher than 426,974,098.02 CNY in the previous year[29] - Research and development expenses for Q3 2021 were ¥18,541,222.23, slightly up from ¥17,941,152.75 in Q3 2020, indicating a focus on innovation[26] Other Information - The company has not reported any new product developments or market expansions in the current quarter[4] - The report does not provide specific user data or future performance guidance[35] - The third quarter report was not audited[37] - The company reported no changes in receivables and payables, indicating stable financial operations[33][34] - The company has not disclosed any new product developments or market expansion strategies in this report[35]

Financial Performance - The company reported a significant increase in revenue for the first half of 2021, with total revenue reaching RMB 300 million, representing a year-on-year growth of 25%[15]. - The company reported a net profit of RMB 80 million for the first half of 2021, reflecting a profit margin of 26.7%[15]. - The company's total revenue for the reporting period reached ¥364,029,798.52, representing a year-on-year increase of 117.87%[21]. - The net profit attributable to shareholders was a loss of ¥3,674,915.29, a significant reduction of 84.57% compared to the previous year's loss[21]. - The company reported a total profit of 10% or more from significant projects during the reporting period[128]. - The net loss for the first half of 2021 was ¥6,623,306.00, an improvement from a net loss of ¥24,477,666.85 in the first half of 2020[167]. - The company reported a significant increase in sales expenses, totaling ¥25,827,902.34, down from ¥29,182,739.63 in the previous year, indicating a reduction of 11.6%[170]. - The company recorded an investment income of ¥635,181.65, a significant recovery from a loss of ¥1,621,285.64 in the first half of 2020[170]. User Growth and Market Expansion - User data showed that the active user base grew to 1.5 million, an increase of 30% compared to the same period last year[15]. - The company is focusing on market expansion, targeting new regions in Southeast Asia, with plans to establish local partnerships by Q4 2021[15]. - The company plans to enhance its market position by focusing on new product development and leveraging its accumulated resources in technology and customer relationships[94]. Product Development and Innovation - New product launches included the "Brand Effect Treasure" platform, which aims to enhance digital marketing capabilities for clients in the automotive and 3C sectors[13]. - The company continues to invest in its proprietary "Giant Wave" technology platform to enhance digital service capabilities and support clients' digital transformation[40]. - The company has set a revenue guidance for the second half of 2021, projecting a growth rate of 20% to 25%[15]. Research and Development - Research and development efforts are being intensified, with an investment of RMB 50 million allocated for AI and data analytics technologies[15]. - Research and development expenses amounted to CNY 14,636,553.68, reflecting a slight decrease of 1.32% compared to the previous year[46]. - The company emphasizes talent development in its R&D team to leverage leading technologies in marketing applications[42]. Financial Position and Cash Flow - The net cash flow from operating activities was negative at ¥92,460,636.29, a decrease of 3,179.89% from the previous year[21]. - The company's total assets decreased by 7.37% to ¥791,101,528.33 compared to the end of the previous year[21]. - Cash and cash equivalents decreased to 57,939,513.42 yuan, down 13.34% from the previous year, due to reduced customer payments and increased accounts payable[53]. - The total liabilities increased to ¥384,814,094.34 as of June 30, 2021, compared to ¥362,164,060.70 at the end of 2020, marking a rise of 6.5%[164]. Risks and Challenges - The company faces risks from high customer concentration, with the top five customers contributing 55.06% of total revenue during the reporting period, compared to 38.26% in 2020 and 42.15% in 2019[86]. - The company has identified risks related to macroeconomic conditions and potential impacts from the COVID-19 pandemic, which could affect its operational performance[82]. - The company is exposed to risks from regulatory changes in the internet marketing industry, which could impose higher operational requirements and compliance challenges[83]. Corporate Governance and Compliance - The company has maintained a robust internal control system and governance structure to protect shareholder and creditor rights[102]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[108]. - The company has committed to maintaining investor confidence through adherence to regulations regarding share transfer limits[107]. Subsidiaries and Investments - The subsidiary Xingyan Yunhui has been actively providing brand advertising and performance advertising services, significantly contributing to revenue growth[35]. - The subsidiary, Giant Wave Technology, achieved operating revenue of CNY 33.88 million, primarily from marketing solution services[79]. - The company established a new subsidiary, Biting Digital Technology, with a registered capital of 3 million RMB, holding a 10% stake[133]. Shareholder Information - The controlling shareholder, Xuan Ya Investment, had 60,750,000 shares released from lock-up on June 3, 2021, accounting for 37.5% of the total share capital[132]. - The total number of shares after the release of lock-up shares is 162,000,000, with 99.24% being unrestricted shares[138]. - The company reported a total of CNY 48,875,219.48 in treasury stock, unchanged from the previous period[198].

Financial Performance - The company's revenue for Q1 2021 was ¥164,145,728.02, representing a 150.50% increase compared to ¥65,527,216.20 in the same period last year[7]. - The net profit attributable to shareholders was -¥6,225,908.19, an improvement of 50.42% from -¥12,557,088.87 year-on-year[7]. - The basic earnings per share were -¥0.04, improving by 50.00% from -¥0.08 in the same period last year[7]. - The diluted earnings per share were also -¥0.04, reflecting a 50.00% improvement compared to -¥0.08 year-on-year[7]. - The net loss attributable to shareholders of the parent company was ¥6.23 million, a reduction of 50.42% compared to the same period last year, primarily due to increased operating revenue and reduced credit impairment losses[17]. - The net loss for Q1 2021 was ¥7,970,610.89, an improvement from a net loss of ¥11,982,852.24 in Q1 2020[70]. Cash Flow - The net cash flow from operating activities was -¥48,476,514.56, a decline of 473.32% compared to ¥12,985,403.36 in the previous year[7]. - The company's cash flow from operating activities showed a net outflow of ¥48.48 million, a decrease of 473.32% year-on-year, attributed to differences in the collection and payment periods of receivables and payables[18]. - The cash flow from operating activities shows a net outflow of ¥48,476,514.56, compared to a net inflow of ¥12,985,403.36 in the previous period[78]. - The company reported cash inflows from operating activities totaling ¥217,313,184.66, while cash outflows amounted to ¥265,789,699.22[78]. - The ending cash and cash equivalents balance is ¥114,806,177.21, down from ¥149,367,189.54 in the previous period[79]. Assets and Liabilities - The total assets at the end of the reporting period were ¥830,720,673.37, down 2.73% from ¥854,021,345.69 at the end of the previous year[7]. - The total amount of contract liabilities increased by 57.15% to ¥75.79 million, indicating a rise in customer prepayments during the reporting period[15]. - The company's total liabilities increased significantly, with short-term borrowings reaching ¥9.79 million, marking a 100% increase due to new bank pledges[15]. - The company's total assets included a new lease liability of ¥55.63 million, reflecting the adoption of revised accounting standards effective January 1, 2021[15]. - The company's total liabilities increased to ¥398,249,944.47 from ¥362,164,060.70, marking an increase of 9.9%[67]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,141[10]. - Shareholder Orange Power reduced its holdings by 1,316,590 shares, accounting for 0.828% of the total share capital, and plans to reduce an additional 4,770,000 shares, representing 3% of the total[41]. - Shareholder Wei'an Zhonghe reduced its holdings by 4,280,000 shares, which is 2.69% of the total share capital, and plans to reduce an additional 4,750,050 shares, representing 2.99% of the total[42]. - The company's total share capital is 159,039,975 shares after accounting for repurchased shares[44]. Investment and Development - The company is investing 3 million yuan in a new venture, Bitang Digital Technology, holding a 10% stake to accelerate its transformation into e-commerce operations[26]. - The company is steadily advancing the "On-Site Cloud Enterprise Edition" project, aimed at enhancing digital communication for enterprises[25]. - The company is upgrading its JiuLang technology platform to integrate online and offline marketing, improving decision-making efficiency[24]. - The digital marketing platform project has an investment of 10,945.57 million, with a completion rate of 83.53%[50]. - The company has adopted a cautious investment strategy to ensure the effective use of raised funds and maximize investor interests[50]. Risks and Challenges - The company faces risks from intensified market competition as more strong players enter the digital governance sector[29]. - The company is exposed to risks from macroeconomic fluctuations and regulatory changes in the internet marketing industry[27][28]. - The company reported accounts receivable of 270.08 million yuan, representing 32.51% of total assets, highlighting potential risks related to receivables[37]. Compliance and Governance - The company completed the election of the fifth supervisory board, with Wang Zhen elected as a non-employee representative supervisor[40]. - There are no overdue commitments from the actual controller, shareholders, or related parties during the reporting period[48]. - The company has a detailed table for the usage of raised funds, indicating compliance with regulations[49].

Financial Performance - The net profit attributable to shareholders for the reporting period was a loss of 28.77 million RMB, a decrease of 377.99% year-on-year [4]. - The company's revenue increased due to significant growth in the operating income of its wholly-owned subsidiary, but the gross profit margin of the main business decreased year-on-year [4]. - The net profit attributable to shareholders for 2020 was -¥28,771,994.83, a decrease of 377.99% from ¥10,349,912.85 in 2019 [20]. - The company reported a net loss attributable to shareholders of CNY 2,877.20 million, a decline of 377.99% year-on-year [43]. - The company experienced a significant decline in net assets attributable to shareholders, which decreased by 30.13% to ¥288,518,632.51 at the end of 2020 from ¥412,950,177.20 at the end of 2019 [20]. - The company reported a total revenue of 1.5 billion RMB for the fiscal year 2020, representing a year-over-year growth of 20% [152]. Revenue and Growth - The company's operating revenue for 2020 was ¥619,388,737.26, representing a 74.86% increase compared to ¥354,228,722.98 in 2019 [20]. - The company achieved quarterly revenues of ¥245,507,990.49 in Q4 2020, marking a significant increase from earlier quarters [22]. - The company achieved a total revenue of CNY 61,938.87 million, representing a year-on-year growth of 74.86% [33]. - Revenue from marketing technology operations reached CNY 37,969.30 million, accounting for 61.30% of total revenue [33]. - The total internet marketing revenue amounted to ¥361,179,331.37, representing 58.31% of total revenue, and increased by 1021.95% compared to ¥32,191,983.99 in 2019 [47]. - The automotive sector contributed ¥469,789,372.68, accounting for 75.85% of total revenue, with a year-on-year growth of 125.22% [53]. Research and Development - Research and development expenses amounted to 27.36 million RMB, slightly lower than the previous year, with continued stable investment in R&D [4]. - Research and development expenses amounted to CNY 2,736.28 million during the reporting period [33]. - The number of R&D personnel was 73, making up 22.32% of the total workforce [65]. - Research and development expenses increased by 18% in 2020, totaling 200 million RMB, focusing on AI and machine learning technologies [152]. Investments and Acquisitions - The company completed the acquisition of the remaining equity in Xingyan Yunhui, making it a wholly-owned subsidiary [32]. - The company invested a total of 26 million yuan in Beijing Ruichain Token Network Technology Co., increasing its stake to 34.696% by August 2020, and later acquired an additional 6% stake for 12 million yuan, raising its total ownership to 40.696% [195]. - The company invested a total of ¥158.4 million in Tianjin Xingyan Yunhui Network Technology Co., Ltd., acquiring 100% ownership [84]. - The company signed a cooperation agreement with Xinhua Media, becoming the exclusive third-party operator of the "Live Cloud Enterprise Edition" platform [32]. Cash Flow and Financial Position - The net cash flow from operating activities for 2020 was ¥82,367,881.96, an increase of 106.96% from ¥39,798,007.04 in 2019 [20]. - Cash and cash equivalents increased by ¥45,391,436.97, a 156.69% improvement from the previous year [66]. - The company's long-term equity investments increased by ¥113,587,719.28, representing 13.30% of total assets [72]. - The company's receivables increased from ¥18,221,304.20 at the beginning of the year to ¥30,760,582.08 by year-end, reflecting a growth of 69.0% [73]. Dividend Policy - The company plans not to distribute cash dividends, issue bonus shares, or increase capital reserves using capital reserves [7]. - The cash dividend amount (including tax) for 2020 is 0.00 yuan, representing 0.00% of the total profit distribution [144]. - The company has not proposed any cash dividends for the past three years (2018, 2019, and 2020) due to future operational needs [144]. - The company’s cash dividend policy is designed to protect the rights and interests of minority shareholders [143]. Strategic Focus and Market Position - The company plans to transform into a comprehensive internet service provider focusing on internet content operation services and intelligent data technology products [108]. - The company aims to enhance its competitiveness through deep cooperation with key industry clients, mergers and acquisitions, and increased R&D investment [108]. - The company is focusing on building digital service platforms for domestic government and enterprise clients to support their digital transformation [108]. - The company is expanding into e-commerce operations, including live streaming sales, to enhance profitability and strengthen its overall business layout [111]. Risks and Challenges - The company faces risks from macroeconomic fluctuations, which could impact its revenue due to dependence on downstream industries like automotive and fast-moving consumer goods [115]. - The company has a high customer concentration risk, with the top five customers accounting for 38.26% of revenue in the reporting period [119]. - The company is exposed to competition risks in the digital governance sector as more powerful enterprises enter the market [117]. - The company is at risk of declining gross margins due to increased market competition and potential reductions in client spending [124]. Compliance and Governance - The company has committed to not engage in any competitive business activities that may conflict with its current and future business scope, ensuring compliance with competitive obligations [157]. - The company has pledged to maintain the independence of its operations, ensuring asset integrity and financial independence [157]. - The company has confirmed that all commitments made are being fulfilled normally and are valid for the long term [155]. - The company has established a good communication platform with investors through various channels, ensuring transparency and participation rights [187].

Financial Performance - Operating revenue for the reporting period was ¥206,794,319.03, representing a significant increase of 204.49% year-on-year[7]. - Net profit attributable to shareholders was ¥12,613,174.70, a remarkable increase of 358.30% compared to the same period last year[7]. - The net cash flow from operating activities was ¥44,488,317.13, showing a substantial increase of 771.41% year-on-year[7]. - Basic earnings per share for the reporting period was ¥0.08, reflecting a 300.00% increase compared to the same period last year[7]. - Total operating revenue for Q3 2020 reached ¥206,794,319.03, a significant increase from ¥67,914,147.54 in the same period last year, representing a growth of approximately 204.5%[51]. - Operating profit for the period was ¥17,363,611.56, compared to ¥2,710,266.14 in Q3 2019, indicating a year-over-year increase of about 540.5%[53]. - Net profit for Q3 2020 was ¥13,955,092.03, a substantial rise from ¥381,426.30 in the previous year, marking an increase of approximately 3,558.5%[53]. - The total profit for the period was ¥17,504,149.36, compared to ¥2,710,266.14 in Q3 2019, reflecting an increase of approximately 546.5%[53]. - The net profit for the current period was a loss of ¥10,522,574.82, compared to a loss of ¥9,275,057.18 in the previous period, reflecting a deterioration in performance[62]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥654,920,484.05, an increase of 7.31% compared to the previous year[7]. - The total inventory increased by 82.08% to RMB 28,336,727.92, driven by increased project expenditures[16]. - Long-term equity investments rose by 50.49% to RMB 74,008,873.58, due to increased investments by the wholly-owned subsidiary Beijing Julang Engine Technology Co., Ltd.[16]. - The total liabilities increased to CNY 427,604,308.23 from CNY 405,733,239.50, marking a rise of about 5%[42]. - Current liabilities totaled CNY 204,480,710.40, an increase of 38.7% from CNY 147,402,414.08[44]. - Total owner's equity was CNY 455,572,731.30, reflecting no changes[79]. Cash Flow - The cash inflow from operating activities was 474,464,490.24 CNY, compared to 234,669,461.25 CNY in the same period last year, representing an increase of approximately 102.1%[69]. - Net cash flow from operating activities was 47,490,392.22 CNY, significantly higher than 11,355,943.51 CNY in the previous year, marking an increase of approximately 318.5%[70]. - Cash flow from investment activities showed a net outflow of -10,717,945.16 CNY, an improvement from -84,987,081.12 CNY in the previous period[70]. - Cash flow from financing activities resulted in a net outflow of -5,050,000.00 CNY, compared to a net inflow of 1,208,894.18 CNY last year[71]. Shareholder Information - The company reported a total of 11,549 common shareholders at the end of the reporting period[11]. - The largest shareholder, Beijing Xuanya International Investment Co., Ltd., holds 37.50% of the shares, amounting to 60,750,000 shares[11]. - The company’s major shareholders, including Chengse Dongli, have plans to reduce their holdings, with a total of up to 4.77 million shares, representing 3% of the total share capital[22][23]. Research and Development - The company has increased its R&D expenditure, with development costs reaching RMB 555,466.84, marking a 100% increase[16]. - Research and development expenses increased by 13.76% to 17.94 million yuan, reflecting the company's ongoing strategic transformation and team expansion[30]. - Research and development expenses for the current period were ¥17,941,152.75, up from ¥15,770,827.10 in the previous period, showing an increase of approximately 14%[61]. Other Income and Expenses - The company recorded non-operating income of ¥5,825,651.48, primarily from government subsidies and rent reductions during the pandemic[9]. - The company reported a significant increase in other income, which rose by 469.70% to RMB 6,755,248.56, attributed to government subsidies and VAT policy benefits[17]. - The company incurred sales expenses of ¥50,485,871.78, a decrease from ¥54,833,913.66 in the previous period, reflecting a reduction of about 8%[61]. Compliance and Governance - The company has not disclosed any significant changes in its cash dividend policy during the reporting period[35]. - There were no violations regarding external guarantees during the reporting period[36]. - The report for the third quarter of 2020 was not audited, which may affect the reliability of the financial data presented[85].

Financial Performance - The company reported a total revenue of RMB 200 million for the first half of 2020, representing a year-on-year increase of 15%[12]. - The net profit attributable to shareholders was RMB 30 million, showing a growth of 10% compared to the same period last year[12]. - The company's operating revenue for the reporting period was CNY 167,086,427.74, representing a year-on-year increase of 30.92% compared to CNY 127,623,251.32[18]. - The net profit attributable to shareholders was CNY -23,819,773.33, a decline of 174.98% from CNY -8,662,354.66 in the same period last year[18]. - The net profit after deducting non-recurring gains and losses was CNY -27,666,710.67, a decrease of 219.21% compared to CNY -8,667,135.77 in the previous year[18]. - The net cash flow from operating activities was CNY 3,002,075.09, down 51.97% from CNY 6,250,614.99 in the same period last year[18]. - The company achieved a revenue of CNY 8,303.69 million from marketing solutions, accounting for 49.70% of total revenue[26]. - The marketing technology operation service revenue was CNY 8,173.41 million, representing 48.92% of total revenue and a quarter-on-quarter growth of 104.37%[29]. - The company reported a total of CNY 28.20 million in contract liabilities as of June 30, 2020, compared to zero as of December 31, 2019[166]. - The total comprehensive loss for the first half of 2020 was CNY -25,407,863.92, compared to CNY -9,589,116.59 in the first half of 2019, indicating a worsening of overall financial performance[176]. Research and Development - The company is investing RMB 10 million in R&D for AI and MarTech solutions to enhance service offerings[12]. - Research and development expenses increased to CNY 1,201.90 million, a year-on-year growth of 33.77%[30]. - Research and development expenses for the first half of 2020 were CNY 12,018,959.88, compared to CNY 8,985,009.96 in the first half of 2019, marking a year-on-year increase of 33.88%[174]. - The company plans to continue increasing R&D investment to solidify the technology core of the Giant Wave Engine and accelerate project implementation in digital government and enterprise services[45]. Market Strategy and Expansion - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share by the end of 2021[12]. - The management has set a revenue guidance of RMB 450 million for the full year 2020, reflecting a growth target of 12%[12]. - The company has identified potential acquisition targets in the digital marketing space to bolster its service capabilities[12]. - The company plans to acquire the remaining 60% stake in Xingyan Yunhui, although the transaction is still in the planning stage and subject to uncertainties[47]. - The company plans to enhance its R&D investments and leverage its accumulated advantages in brand, management, technology, and customer resources to expand its market share and improve profitability[96]. - The company plans to implement stock repurchase measures if certain conditions are met, as outlined in their stabilization plan[104]. Operational Risks - The company has reported no significant risks affecting its normal operations, ensuring stability in its business model[4]. - The company faces risks from macroeconomic conditions and potential impacts from the COVID-19 pandemic, which could affect its operational performance[85]. - The company is exposed to regulatory risks as the internet marketing industry is subject to evolving policies and regulations that may impose higher operational requirements[86]. - The company has a high customer concentration risk, with the top five customers accounting for 40.63% of total revenue in the reporting period[89]. - The company acknowledges the risk of declining gross margins due to increased competition and lower margins in its internet marketing services[94]. Shareholder and Equity Information - The company did not distribute cash dividends or issue bonus shares for the first half of 2020[102]. - The total number of common shareholders at the end of the reporting period was 13,715[146]. - The largest shareholder, Beijing Xuan Ya International Investment Co., Ltd., holds 37.50% of the shares, totaling 60,750,000 shares[146]. - The company did not conduct any repurchase transactions among the top ten shareholders during the reporting period[148]. - The company has committed to a stock price stabilization plan, which includes a minimum of 20% of the after-tax cash dividends from the previous fiscal year to be used for stock repurchase within 12 months[106]. Legal and Compliance - There were no significant litigation or arbitration matters during the reporting period, ensuring no adverse legal impacts on the company[111]. - The company has not engaged in any related party transactions during the reporting period, maintaining a clear operational integrity[116]. - The company has not experienced any penalties or rectification situations during the reporting period, reflecting compliance with regulations[113]. - The company has not reported any media controversies during the reporting period, indicating a positive public perception[112]. Investment and Capital Management - The total amount of funds raised by the company is RMB 24,867.04 million, with a net amount of RMB 24,867.04 million after deducting issuance costs[70]. - The total amount of funds invested during the reporting period is RMB 1,511.39 million, with a cumulative investment of RMB 21,655.87 million[70]. - The company has adopted a cautious investment strategy to ensure the efficient use of raised funds and maximize the interests of investors[72]. - The company has not changed the use of raised funds during the reporting period[71]. - The company terminated the investment in the domestic business network expansion project, reallocating 56.17 million yuan to permanently supplement working capital[76]. Subsidiary Performance - The company's subsidiary, Xingyan Yunhui, achieved revenue of 74.01 million yuan, primarily providing brand and performance advertising services[47]. - The company reported a revenue of 20.46 million CNY from its subsidiary Beijing Giant Wave Engine Technology Co., Ltd., primarily from marketing solutions, but incurred a net loss due to increased R&D investments[83]. - Tianjin Xingyan Yunhui Network Technology Co., Ltd. generated 74.01 million CNY in revenue, accounting for 44.29% of the company's total revenue during the reporting period[84]. Financial Position - The total assets at the end of the reporting period were CNY 602,279,631.20, a decrease of 1.32% from CNY 610,335,399.88 at the end of the previous year[18]. - The net assets attributable to shareholders decreased to CNY 390,325,706.80, down 5.48% from CNY 412,950,177.20 at the end of the previous year[18]. - The company's total liabilities decreased to CNY 75,963,891.62 as of June 30, 2020, down from CNY 154,606,718.63 at the end of 2019, a reduction of 50.91%[172]. - The total equity of the company as of June 30, 2020, was CNY 406,749,937.03, a decrease from CNY 422,957,181.59 at the end of 2019, reflecting a decline of 3.83%[172].

Financial Performance - Total revenue for Q1 2020 was ¥65,527,216.20, representing a 65.92% increase compared to ¥39,494,184.42 in the same period last year[7]. - Net profit attributable to shareholders was -¥12,557,088.87, a decrease of 3.09% from -¥12,180,332.10 year-on-year[7]. - The company achieved operating revenue of CNY 65.53 million in Q1 2020, representing a year-on-year increase of 65.92% due to increased investments in digital marketing from clients in various sectors[23]. - The company reported a net profit attributable to shareholders of -12.56 million yuan, a year-on-year decrease of 3.09%[24]. - The net loss for Q1 2020 was CNY 11,982,852.24, compared to a net loss of CNY 12,698,626.23 in the previous period, indicating a slight improvement[66]. - Basic and diluted earnings per share remained at -CNY 0.08, unchanged from the previous period[68]. Cash Flow and Liquidity - Net cash flow from operating activities improved to ¥12,985,403.36, a significant increase of 190.60% from -¥14,333,287.67 in the previous year[7]. - The company reported a net cash flow from operating activities of CNY 12,985,403.36, a significant improvement from a negative cash flow of CNY -14,333,287.67 in the previous period[74]. - Cash inflow from sales of goods and services was CNY 126,511,066.62, compared to CNY 67,190,099.26 in the previous period[73]. - Total cash and cash equivalents at the end of Q1 2020 reached CNY 149,367,189.54, up from CNY 130,883,932.96 at the beginning of the period[75]. - The company temporarily supplemented working capital with ¥50,000,000 of idle raised funds, which was fully returned within the stipulated period[48]. Assets and Liabilities - Total assets decreased by 7.97% to ¥561,707,832.77 from ¥610,335,399.88 at the end of the previous year[7]. - The company’s total liabilities decreased by 30.52% to CNY 66.24 million as a result of payments made on accounts payable[18]. - The company’s total current liabilities decreased from CNY 147,402,414.08 to CNY 110,212,271.49, a decline of around 25.3%[58]. - The company’s total equity decreased to CNY 415,361,975.70 from CNY 422,957,181.59, a decrease of about 1.80%[63]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 10,487[11]. - The largest shareholder, Beijing Xuan Ya International Investment Co., Ltd., held 37.50% of the shares, amounting to 60,750,000 shares, with 25,000,000 shares pledged[11]. - The company did not engage in any repurchase transactions during the reporting period[12]. - The company repurchased a total of 2,960,025 shares, accounting for 1.83% of the total share capital, with a total transaction amount of ¥48,875,219.48[43]. Research and Development - Research and development expenses increased by 44.18% to CNY 6.23 million, reflecting the company's commitment to enhancing its R&D capabilities[20]. - The company has increased its R&D team to support strategic transformation and technology layout[24]. Strategic Initiatives - The company plans to continue transforming its business model to enhance core competitiveness and provide competitive marketing technology solutions[23]. - The company is focusing on expanding its marketing technology solutions and data technology products to enhance competitive advantages[28]. - The company signed a strategic cooperation framework agreement with Donghua Software Co., focusing on smart cities, cloud computing, and big data, aiming for comprehensive collaboration[36]. - The company’s strategic cooperation with ZTE includes joint research on 5G technology applications and accelerating the commercialization of 5G innovations[38]. Customer Concentration and Revenue Sources - The top five customers contributed to 39.43% of total sales, indicating a relatively high customer concentration risk[32]. - Revenue from the automotive industry accounted for 60.43% of total revenue in the first quarter[29]. Non-Recurring Gains and Losses - The company reported non-recurring gains and losses totaling ¥1,901,388.78, primarily from government subsidies and rental reductions during the pandemic[8]. - Non-recurring gains and losses impacted the net profit by 1.90 million yuan, primarily due to government subsidies during the pandemic[24].

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2019, representing a year-on-year increase of 15%[12]. - The net profit attributable to shareholders was RMB 150 million, which is a 10% increase compared to the previous year[12]. - The company's operating revenue for 2019 was ¥354,228,722.98, a decrease of 4.08% compared to ¥369,281,216.23 in 2018[17]. - The net profit attributable to shareholders for 2019 was ¥10,349,912.85, down 50.86% from ¥21,062,083.21 in 2018[17]. - The net cash flow from operating activities decreased by 65.18% to ¥39,798,007.04 in 2019 from ¥114,288,360.35 in 2018[17]. - The basic earnings per share for 2019 was ¥0.07, a decline of 46.15% compared to ¥0.13 in 2018[17]. - The total assets at the end of 2019 increased by 21.94% to ¥610,335,399.88 from ¥500,505,791.28 at the end of 2018[17]. - The company achieved total revenue of CNY 354.23 million, a year-on-year decrease of 4.08%[32]. - Revenue from marketing solutions was CNY 305.70 million, accounting for 86.30% of total revenue[32]. - Revenue from marketing technology operations was CNY 45.78 million, representing 12.92% of total revenue[32]. Research and Development - The company has allocated RMB 100 million for research and development in AI and big data technologies in 2020[12]. - Research and development expenses increased to CNY 25.56 million, a year-on-year growth of 74.07%[32]. - The company plans to continue increasing R&D investment and accelerate product iteration to enhance competitive advantages in data, analysis, and operations[32]. - The company has a specialized technical R&D team and emphasizes the application of leading technologies in marketing, ensuring strong support for transformation and development[38]. - The number of R&D personnel increased to 74 in 2019, accounting for 23.27% of the total workforce, up from 12.84% in 2018[68]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share by 2022[12]. - Future guidance indicates an expected revenue growth of 20% for 2020, driven by new product launches and market expansion[12]. - The company aims to become a marketing technology solution operator, focusing on providing competitive marketing technology solutions and operational services[27]. - The company is actively exploring the application of technologies such as AI, big data, and blockchain in marketing scenarios[37]. - The company is focused on enhancing its core competitiveness through technology talent acquisition and product development[42]. Customer and Revenue Concentration - The top five customers accounted for 42.15% of total sales, with the largest customer contributing 15.00%[65]. - Revenue from the automotive industry accounted for 47.07% and 58.89% of the company's total revenue in 2018 and 2019, respectively, indicating a high concentration risk[122]. - The company's revenue is closely tied to the marketing demands of downstream industries, which may be affected by macroeconomic fluctuations[123]. - The top five customers contributed 45.96%, 35.21%, and 42.15% of the company's revenue in 2017, 2018, and 2019, respectively, highlighting a relatively high customer concentration risk[125]. Investment and Acquisitions - The company is exploring potential mergers and acquisitions to enhance its service offerings and market reach[12]. - The company aims to leverage artificial intelligence and big data for marketing and sales analysis[84]. - The company is actively expanding its market presence through strategic investments in technology and marketing firms[88]. - The company has established long-term partnerships with nearly 100 well-known domestic and international enterprises, accumulating a wealth of user characteristics and feedback data[36]. - The company reported a total investment of ¥132,763,838.52 in the reporting period, a 74.02% increase compared to the previous year[81]. Shareholder Returns and Dividends - There are no plans for cash dividends or stock bonuses for the fiscal year 2019[5]. - The company reported a total cash dividend amount of 8,876,105.82 CNY for the year 2019, which is considered equivalent to 13.58% of the distributable profit for that year[147]. - The company did not propose any cash dividends, stock bonuses, or capital reserve transfers for the years 2018 and 2019, indicating a focus on retaining earnings for future growth[144][145]. - The company has committed to continuing its focus on cash dividends in the future, balancing shareholder returns with the need for reinvestment in growth initiatives[147]. - The company’s cash dividend policy is aligned with its articles of association and shareholder resolutions, ensuring compliance and transparency in its financial practices[143]. Compliance and Governance - The company has maintained compliance with regulations regarding the use of raised funds as per the Shenzhen Stock Exchange guidelines[98]. - The supervisory board is responsible for overseeing the implementation of the profit distribution policy and ensuring adherence to decision-making procedures[142]. - The company has not reported any non-standard audit reports, reflecting a clean audit status for the reporting period[168]. - The company has fulfilled its commitments regarding share restrictions and has adhered to the lock-up period as stipulated in its agreements[151]. - The company has committed to providing liquidity support to ensure timely payment of taxes as required by tax authorities, with a commitment made in February 2017 and is currently being fulfilled normally[161].