Financial Performance - The company's operating revenue for the reporting period was ¥540,342,094.67, representing a year-on-year increase of 7.46% compared to ¥502,820,185.45[32]. - The net profit attributable to shareholders decreased by 75.26% to ¥11,696,552.19 from ¥47,277,343.10 in the same period last year[32]. - The net profit after deducting non-recurring gains and losses was ¥1,924,703.37, down 94.97% from ¥38,242,983.32[32]. - The company's cash flow from operating activities was ¥20,939,804.53, a decrease of 67.83% compared to ¥65,083,662.78 in the previous year[32]. - Basic earnings per share fell by 75.68% to ¥0.09 from ¥0.37[32]. - The company's total assets at the end of the reporting period were ¥1,511,884,226.53, a decrease of 1.88% from ¥1,540,893,281.47 at the end of the previous year[32]. - The company reported a total of ¥9,771,848.82 in non-recurring gains and losses, primarily from financial investment income[39]. - The company's investment activities resulted in a net cash outflow of ¥221,599,087.99, a significant increase of 18,761.80% compared to the previous year[90]. - The company's financial expenses surged by 5,148.29% to ¥7,871,720.32, primarily due to increased interest from convertible bonds issued in June 2021[90]. - The company reported a total revenue of approximately 569.96 million, with a net profit of around 28.01 million during the reporting period[138]. Research and Development - The company invested in R&D, leading to a 14.90% increase in R&D expenses, which pressured short-term profits[32]. - From 2019 to the first half of 2022, the company's R&D expenses grew significantly, amounting to 156 million yuan, 219 million yuan, 328 million yuan, and 163 million yuan, representing 22.11%, 22.39%, 31.88%, and 30.17% of revenue respectively[65]. - The increase in R&D expenses by 14.90% during the reporting period was due to ongoing investments in high-precision technology talent and the transition to a subscription model[71]. - The company is actively exploring new technologies in AI, 3D, and virtual human fields, which involve high investment and long development cycles[140]. Market and Product Development - The company aims to enhance creativity globally through its products and services[3]. - The company has established a robust product development and iteration mechanism, ensuring rapid market response and global marketing capabilities[51]. - The company aims to enhance its digital creative tools by integrating AI and other innovative technologies to empower creators in the creator economy[44]. - The company has not disclosed any new product launches or technological advancements in the provided content[30]. - The total sales revenue from Filmora and 万兴喵影 increased by 15% compared to the previous period[72]. - Subscription revenue accounted for over 63% of total sales revenue, with a year-on-year increase of approximately 32% in cumulative subscription users[84]. - The sales revenue in India, South Korea, and Singapore grew rapidly, with growth rates of 150%, 113%, and 100% respectively[85]. - The resource material sales revenue increased by over 90% year-on-year, with the company providing more than 130,000 special effect resources by the end of the reporting period[76]. - The product renewal sales revenue for UniConverter increased by 31% year-on-year, reflecting enhanced user engagement[75]. - The video creative mobile product FilmoraGo completed a major engine version upgrade, improving user experience and functionality[72]. Risk Management - The management emphasizes the importance of risk awareness regarding future plans and strategies, highlighting potential operational risks[8]. - The company's management discussion and analysis section includes a detailed description of risks and countermeasures faced by the company[9]. - Global macroeconomic uncertainties, including political and military disputes, may affect user purchasing behavior and the company's future performance[143]. - The company is exposed to foreign exchange risks due to sales primarily in multiple currencies, including USD, EUR, and JPY[144]. - The company faces risks related to product innovation, requiring substantial investment in R&D to meet market demands and user needs[139]. Corporate Governance and Compliance - The company's financial report is guaranteed to be true, accurate, and complete by the responsible persons, including the CEO and accounting head[7]. - All board members attended the meeting to review the report, ensuring comprehensive oversight[8]. - The company has not reported any changes to the fundraising project during the reporting period[122]. - The company has fulfilled all commitments made in the acquisition report or equity change report by the end of the reporting period[170]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[173]. - There were no significant litigation or arbitration matters during the reporting period, and the company successfully mediated a case involving a payment of RMB 12.096 million, of which RMB 4.7313 million has been received[177]. Employee and Social Responsibility - The company emphasizes employee welfare by adhering to labor laws and providing comprehensive social insurance and housing fund contributions[162]. - The company has established a training system for employees, offering both internal and external training programs to enhance professional skills and career development[162]. - The company has set up the "Zhongnan University Education Fund" to support the development of the Computer Science Department and encourage outstanding faculty and students[166]. Investment and Financial Management - The total amount of raised funds is CNY 66,069.51 million, with CNY 889.53 million invested during the reporting period and a cumulative investment of CNY 38,383.99 million[110]. - The cumulative amount of raised funds that have been repurposed is CNY 7,650 million, accounting for 11.58% of the total raised funds[110]. - The company made a significant equity investment of ¥47,920,000.00 in Hangzhou GeXiang Technology Co., Ltd., acquiring a 13.56% stake[105]. - The company has committed to enhancing its management efficiency and optimizing its financial structure through the data operation center project[121]. - The company has extended the project timelines for both the data operation center and the general consumer software product R&D projects due to market conditions[121].

Revenue and Growth - In 2021, the company achieved a total revenue exceeding RMB 1 billion, with a year-on-year growth of 11.40% in USD terms[12]. - The company has exceeded 10 billion RMB in annual revenue for 2021, with a year-on-year growth of 11.40% in USD terms[24]. - The company's operating revenue for 2021 was ¥1,029,158,102.77, an increase of 5.39% compared to ¥976,477,439.98 in 2020[117]. - Total revenue reached ¥1,029,158,102.77, representing a 5.39% increase from ¥976,477,439.98 in the previous period[195]. - Software industry revenue was ¥1,026,554,886.68, up 6.78% from ¥961,396,802.68[200]. - Video creative products generated ¥583,040,046.11, accounting for 56.65% of total revenue, with a 5.17% increase from the previous period[200]. - Distribution revenue surged by 654.55% to ¥121,368,195.61, primarily due to the acquisition of Hangzhou GeXiang[196]. - Overseas revenue constituted 88.07% of total revenue at ¥906,366,289.07, reflecting a 5.53% increase from the previous year[200]. - Direct sales revenue decreased by 7.83% to ¥463,179,559.02, representing 45.01% of total revenue[200]. - Domestic revenue (including Hong Kong, Macau, and Taiwan) was ¥122,791,813.70, with a 4.39% increase from the previous period[200]. Subscription and Revenue Model - Subscription revenue accounted for nearly 60% of total revenue in 2021, with renewal income making up 24.3% of total revenue[4]. - Subscription revenue now accounts for approximately 60% of total sales, leading to a decline in average sales order prices and impacting revenue growth negatively[170]. - The company offers a subscription model for its software, catering to both individual and enterprise users, optimizing user retention and experience[159]. - The subscription revenue accounted for nearly 60% of total sales revenue, driven by the establishment of a subscription support platform and user behavior analysis products[184]. Research and Development - The company invested approximately RMB 328 million in R&D in 2021, representing nearly one-third of total revenue, an increase of over 50% compared to 2020[5]. - The company's annual R&D expenditure reached 328 million RMB, representing nearly one-third of total revenue and an increase of over 50% compared to 2020[20]. - R&D expenses increased from RMB 156 million in 2019 to RMB 328 million in 2021, representing 22.11%, 22.39%, and 31.88% of revenue respectively[164]. - R&D efforts are directed towards integrating AI and deep learning technologies to enhance product capabilities and maintain a competitive edge[164]. - The company has a dedicated cloud platform R&D team of over 100 people, with annual investments in the millions of CNY[80]. - The company has applied for a total of 481 patents, including 434 invention patents, and has been recognized as a key software enterprise in national planning[146]. - The company has filed a total of 481 patents, including 434 invention patents, and has been granted 186 patents, with 139 being invention patents[164]. User Base and Market Presence - The active user base for the company's products reached nearly 100 million, with rapid growth expected[3]. - By the end of 2021, the company had nearly 100 million monthly active users across all products, indicating a strong user growth and a solid foundation for subscription services[14]. - The company’s products and services are sold in over 200 countries and regions globally, indicating a strong market presence and brand recognition[146]. - The company is focusing on non-English language markets, including Chinese, German, and Spanish, to diversify its revenue sources and enhance market resilience[165]. - The company has established subsidiaries in major sales regions including North America, Japan, and Singapore, expanding its global market presence[165]. Strategic Acquisitions and Investments - The company invested 214 million RMB to strategically acquire a controlling stake in Hangzhou GeXiang Technology Co., which has 1 billion users, enhancing its presence in the mobile video software market[39]. - The company completed strategic investments in Hangzhou GeXiang Technology Co., leading to over 110% revenue growth in the GeXiang business during the reporting period[190]. - The company has invested 214 million RMB in strategic acquisitions, including a controlling stake in a mobile video software company with 1 billion users[73]. Talent and Organizational Structure - By the end of 2021, the company had nearly 1,400 global employees, with a focus on attracting high-potential and high-end talent[8]. - The company has expanded its talent pool to nearly 1,400 employees globally, with a focus on high-potential and high-end talent recruitment strategies[68]. - The workforce increased by 11.07% year-on-year, with R&D personnel growing by approximately 26.65%, strengthening the company's talent strategy[191]. - The company aims to build a flexible organizational structure that combines small teams with a large platform to drive innovation and rapid deployment in various creative software segments[40]. - The company has implemented a "big platform, small team" organizational strategy to enhance operational efficiency and talent engagement[166]. Financial Performance - The net profit attributable to shareholders for 2021 was ¥27,845,527.64, a decrease of 77.77% from ¥125,237,982.65 in 2020[117]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥10,510,369.15, down 90.44% from ¥109,901,744.04 in 2020[117]. - The basic earnings per share for 2021 was ¥0.22, a decrease of 77.32% compared to ¥0.97 in 2020[117]. - The company reported a net cash flow from operating activities of ¥141,988,388.70, down 27.32% from ¥195,357,831.51 in 2020[117]. - The company’s weighted average return on equity for 2021 was 3.28%, down from 15.86% in 2020[117]. - The company’s total liabilities increased significantly, reflecting its expansion strategy and market positioning[135]. Market Trends and Projections - The global creative software market is projected to reach USD 63 billion by 2024, with a potential user base of 5 billion[12]. - The global creative software and services market is projected to reach 63 billion USD by 2024, a 50% increase from the 41 billion USD forecast for 2023[33]. - The SaaS market is projected to reach $716.52 billion by 2028, with a compound annual growth rate (CAGR) of 27.50% from 2021 to 2028; China's enterprise SaaS market is expected to grow at a CAGR of around 34%, reaching ¥130.4 billion in 2023[137]. - The global digital video content market was valued at $151.4 billion in 2021 and is expected to grow to $391.1 billion by 2027, with a CAGR of 13.38%[138]. - By 2023, the global internet video user base is projected to reach 3 billion, indicating a growing reliance on video content[139]. - The global collaborative office market was valued at $31 billion in 2019 and is expected to reach $48.1 billion by 2024, with an annual growth rate of nearly 10%; China's collaborative office market is projected to grow from over ¥50 billion in 2021 to ¥80.6 billion by 2023, with an expected growth rate exceeding 20%[143]. - The global PDF market is anticipated to reach $32 billion by 2024, with around 2 billion installations of PDF readers/editors globally[144]. - The number of smart electronic devices in use worldwide is expected to reach 6.4 billion by 2022, reflecting a 3.2% increase from 2021, with data management software demand continuing to rise[145].

Financial Performance - The company's revenue for Q1 2022 was ¥262,750,168.48, representing a 3.71% increase compared to ¥253,358,043.08 in the same period last year[8] - The net profit attributable to shareholders was -¥3,557,404.67, a decrease of 112.13% from ¥29,330,998.70 year-on-year[8] - The net cash flow from operating activities was -¥28,310,610.45, a decline of 260.79% compared to -¥7,846,929.54 in the previous year[8] - The total operating revenue for the current period reached ¥262,750,168.48, an increase from ¥253,358,043.08 in the previous period, representing a growth of approximately 1.55%[37] - The total profit for the current period is 4,123,859.08, down from 39,808,628.24 in the previous period[43] - The operating profit for the current period is 4,264,881.37, compared to 39,721,657.45 in the previous period[43] - The basic earnings per share for the current period is -0.03, compared to 0.23 in the previous period[43] - The total comprehensive income attributable to the parent company is -3,557,404.67, compared to 29,330,998.70 in the previous period[43] Expenses and Costs - R&D expenses increased by ¥17,215,700, a year-on-year growth of 26.87%[8] - Marketing expenses rose by ¥23,458,200, reflecting a 21.94% increase year-on-year due to intensified market competition[8] - Total operating costs increased to ¥263,782,806.62 from ¥218,611,277.03, marking a rise of about 20.66%[37] - Research and development expenses rose significantly to ¥81,287,656.61, compared to ¥64,071,932.84, reflecting an increase of approximately 26.94%[37] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,510,754,236.51, down 1.96% from ¥1,540,893,281.47 at the end of the previous year[8] - Total liabilities decreased to ¥627,452,127.29 from ¥661,435,969.29, a reduction of approximately 5.14%[36] - The equity attributable to shareholders of the parent company was ¥878,607,364.77, slightly down from ¥879,723,915.92, a decrease of about 0.13%[36] - The company’s total non-current liabilities increased slightly to ¥479,194,364.37 from ¥476,217,104.26, an increase of about 0.41%[36] - The company’s contract liabilities increased to ¥29,487,529.78 from ¥27,610,044.39, indicating a growth of approximately 6.77%[33] Cash Flow - The cash flow from investment activities was -¥201,210,681.61, a decrease of 224.28% compared to ¥161,902,132.48 in the previous year[14] - The cash flow from operating activities shows a net outflow of -28,310,610.45, compared to -7,846,929.54 in the previous period[47] - The cash and cash equivalents decreased from RMB 459.86 million at the beginning of the year to RMB 225.40 million at the end of the reporting period[27] - The cash and cash equivalents at the end of the period amount to 213,052,281.95, down from 271,047,580.97 at the end of the previous period[47] Product and Market Performance - The company reported a subscription revenue ratio of 62.24% during the reporting period, indicating a strong shift towards SaaS transformation[24] - The core product Wondershare Filmora launched version 11, resulting in a sales revenue increase of approximately 9.61% quarter-over-quarter[24] - The creative resource marketplace Wondershare Filmstock saw a year-on-year revenue growth of 66.12% after its upgrade and the launch of new resources[25] - Wondershare Recoverit achieved a year-on-year sales revenue growth of 20.26% due to enhancements in recovery performance and conversion rates[25] - The company’s domestic government and enterprise business sales revenue increased by over 400% during the reporting period[25] Research and Development - The company increased its R&D expenses by 26.87% compared to the same period last year, focusing on new product development and AI technologies[26] - The video technology engine WES was successfully integrated into Filmora V11, improving video export speed by approximately 197%[26] - As of March 31, 2022, the company had applied for a total of 500 patents, including 453 invention patents, and had been granted 187 patents[26] Financial Expenses - The company reported a significant increase in financial expenses by 3985.02% to ¥4,624,034.60 due to interest expenses from convertible bonds issued in June 2021[12] - The company reported a net loss from investments of ¥246,112.31, contrasting with a gain of ¥2,927,747.81 in the previous period[37]

Financial Performance - The company's revenue for Q3 2021 was ¥253,957,513.55, representing a 4.08% increase year-over-year[7] - The net profit attributable to shareholders for Q3 2021 was -¥25,391,771.97, a decrease of 158.81% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥28,537,884.58, down 175.21% year-over-year[7] - The basic earnings per share for Q3 2021 was -¥0.20, a decline of 158.82% compared to the same period last year[7] - The weighted average return on equity was -2.95%, a decrease of 8.21% year-over-year[7] - The net profit for the current period is 37,845,799.80, compared to 140,658,205.52 in the previous period, representing a decrease of approximately 73%[38] - The total profit for the current period is 42,642,470.36, down from 147,961,533.84 in the previous period, indicating a decline of about 71%[38] - The operating profit for the current period is 42,672,433.77, compared to 148,725,602.90 in the previous period, reflecting a decrease of around 71%[38] - The total comprehensive income for the current period is 43,577,128.68, compared to 140,658,205.52 in the previous period, showing a decrease of about 69%[41] - The basic earnings per share for the current period is 0.17, down from 1.03 in the previous period, a decline of approximately 84%[41] Cash Flow and Financing - The operating cash flow for the year-to-date period was ¥88,000,843.02, a decrease of 29.50% compared to the previous year[7] - The cash flow from operating activities for the current period is 88,000,843.02, down from 124,831,252.02 in the previous period, a decline of approximately 29%[45] - The cash flow from investing activities shows a net outflow of -255,101,125.78, compared to -109,258,639.54 in the previous period, indicating a larger outflow[45] - The cash flow from financing activities for the current period is 323,050,997.71, compared to -35,970,541.00 in the previous period, indicating a significant improvement[45] - The net cash flow from financing activities improved by 998.10% to ¥323,050,997.71, mainly from funds raised through convertible bonds[15] Assets and Liabilities - The total assets as of September 30, 2021, were ¥1,462,243,997.55, reflecting a 37.38% increase from the end of the previous year[7] - The total current assets reached ¥691,033,882.76, up from ¥547,993,601.03 at the end of the previous year, indicating a growth of approximately 26.0%[28] - The total assets of the company amounted to ¥1,462,243,997.55, compared to ¥1,064,410,782.73 in the previous year, marking an increase of about 37.5%[34] - The company’s total liabilities increased to ¥612,264,277.23 from ¥236,053,478.87, reflecting a significant rise of approximately 159.0%[31] Research and Development - Research and development expenses increased by ¥113,966,200, a growth rate of 91.81% year-over-year[10] - Research and development expenses rose by 91.81% to ¥238,095,484.92, reflecting increased investment in R&D personnel and salaries[15] - The company has applied for a total of 400 patents, including 353 invention patents, as of September 30, 2021, with 170 patents granted[24] - The number of self-produced special effect resources increased by 40% compared to the end of last year, supported by the development of proprietary special effect production tools[24] - The company plans to continue enhancing its AI algorithm capabilities and developing new video technology engines, indicating a focus on innovation and market expansion[24] Strategic Plans - The company plans to continue enhancing product quality and optimizing user experience to drive revenue growth[7] - The company plans to focus on enhancing product quality and user service systems to improve market competitiveness[23] - The company will continue to optimize existing products and develop new ones to strengthen market position despite challenges from the pandemic[23] Other Information - The company issued convertible bonds in July 2021, which increased financial expenses[10] - Financial expenses increased by 2904.32% to ¥3,740,714.27 due to interest expenses from the issuance of convertible bonds[15] - The third quarter report of the company is unaudited[50] - The new leasing standards were first implemented in 2021, with retrospective adjustments made to prior comparative data[51]

Financial Performance - The company reported a revenue of 300 million RMB for the first half of 2021, representing a year-on-year increase of 20% compared to the same period in 2020[23]. - The net profit attributable to shareholders for the first half of 2021 was 50 million RMB, up 15% year-on-year[23]. - The company's operating revenue for the reporting period was ¥502.82 million, an increase of 5.94% compared to the same period last year, with a year-on-year growth of approximately 14.01% after excluding the impact of the declining USD exchange rate[31]. - Net profit attributable to shareholders was ¥47.28 million, a decrease of 47.09% year-on-year, while the net profit after deducting non-recurring gains and losses was ¥38.24 million, down 53.85% year-on-year[32]. - The company achieved a revenue of 503 million, representing a year-on-year growth of 5.94%[52]. - The company reported a gross margin of 95.12% in the software industry, with a year-on-year increase of 6.61% in operating revenue[92]. Research and Development - The company plans to invest 100 million RMB in research and development for new products and technologies in the upcoming year[23]. - The company increased its R&D investment by 96.54% during the reporting period, contributing to the decline in net profit[32]. - R&D expenses increased by 96.54% compared to the same period last year, reflecting a strong commitment to innovation[52]. - R&D expenses for the first half of 2021 amounted to 141.90 million yuan, representing 28.22% of total revenue[63]. - The number of R&D personnel increased to 818, accounting for 57.08% of the total workforce, with an average salary of 147,200 yuan per person[64]. Market Strategy and Expansion - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 25% increase in market share in that region by the end of 2022[23]. - The company is actively expanding its presence in both domestic and international markets, focusing on increasing market penetration[52]. - The company is focusing on enhancing its SaaS offerings, with plans to increase subscription-based revenue by 40% in the next year[23]. - The company is transitioning to a subscription model to enhance user retention and extend user lifecycle[51]. User Engagement and Growth - User data indicates a growth of 30% in active users of the company's software products compared to the previous year[23]. - The number of monthly active users for the company's main products reached 77.4 million, significantly increasing compared to the same period last year[31]. - Subscription revenue accounted for 59.63% of total sales revenue, representing a growth of 29.63% compared to the end of the previous year[31]. - The company achieved a 36% year-over-year increase in subscription users, with subscription revenue accounting for 59.63% of total sales revenue[68]. Acquisitions and Investments - The company is exploring potential acquisitions to enhance its product offerings and market presence, with a budget of 200 million RMB allocated for this purpose[23]. - The company completed the strategic acquisition of Hangzhou GeXiang Technology Co., enhancing its capabilities in the mobile video and image software sector[71]. - The company acquired a 72.44% stake in Hangzhou Gexiang Technology Co., Ltd. for CNY 213,698,000.00 during the reporting period[106]. Risk Management - The company faces risks related to market competition and technological changes, which have been addressed in the risk management section of the report[6]. - The company has established a comprehensive risk prevention system to effectively identify and mitigate risks, ensuring the achievement of strategic goals and stable operations[84]. - The company has implemented strict risk control measures for derivative trading, including regular assessments and compliance checks[141]. Corporate Governance and Compliance - The company has experienced changes in its board of directors, with new appointments and departures, including the election of a new financial director[160]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[172]. - The company has not encountered any issues with the use and disclosure of raised funds[130]. - The company has not engaged in any entrusted loans during the reporting period, ensuring a clean financial slate[139]. Social Responsibility and Employee Welfare - The company has established a scholarship fund of 1 million CNY for impoverished students at Tibet University, with a donation of 200,000 CNY made during the reporting period[177]. - The company actively participated in pandemic prevention efforts, organizing nucleic acid testing and donating supplies to frontline medical staff and community management[177]. - The company emphasizes employee welfare, providing comprehensive social insurance and a multi-faceted compensation system, including stock incentive plans[174]. - The company has implemented a robust training system for employees, focusing on both internal and external training to enhance professional skills[174].

Financial Performance - The company's revenue for Q1 2021 was ¥253,358,043.08, representing a 28.45% increase compared to ¥197,236,731.88 in the same period last year[10] - Net profit attributable to shareholders was ¥29,330,998.70, a decrease of 10.09% from ¥32,623,849.18 in the previous year[10] - Basic earnings per share decreased by 11.54% to ¥0.23 from ¥0.26 year-on-year[10] - The company reported a decrease in diluted earnings per share by 12.00% to ¥0.22 from ¥0.25 year-on-year[10] - The company reported steady growth in sales revenue during the reporting period, attributed to effective strategies in response to rapid market changes[26] - The net profit for the current period is 34,291,138.17, slightly down from 34,812,447.00 in the previous period, indicating a decrease of about 1.5%[74] - The total comprehensive income for the current period is 34,291,138.17, slightly down from 34,812,447.00 in the previous period, showing a decrease of about 1.5%[78] - Total comprehensive income amounted to CNY 5,555,565.37, compared to CNY 7,426,354.55 in the previous period, indicating a decrease[85] Cash Flow - The net cash flow from operating activities was -¥7,846,929.54, a decline of 154.07% compared to ¥14,513,326.17 in the same period last year[10] - The net cash flow from operating activities decreased by 154.07% from CNY 14,513,326.17 to CNY -7,846,929.54, mainly due to the payment of 2020 annual bonuses[23] - Cash inflow from operating activities totaled CNY 253,347,403.38, up from CNY 203,758,514.15 in the previous period, reflecting a growth of approximately 24.4%[90] - Net cash flow from operating activities was negative at CNY -7,846,929.54, a decline from CNY 14,513,326.17 in the previous period[90] - Cash inflow from investment activities was CNY 235,963,588.52, down from CNY 586,705,912.85, representing a decrease of about 59.9%[90] - Net cash flow from investment activities increased significantly to CNY 161,902,132.48 from CNY 3,287,191.45, showing a substantial improvement[90] - The company reported a net cash increase of CNY 155,066,277.84 during the period, compared to CNY 13,698,208.91 in the previous period[92] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,049,384,037.49, down 1.41% from ¥1,064,410,782.73 at the end of the previous year[10] - The total current assets decreased to CNY 473.57 million from CNY 547.99 million, reflecting a decline of 13.5%[52] - Total liabilities were CNY 217,507,070.25, up from CNY 189,047,412.22, reflecting an increase of approximately 15%[68] - The company's equity attributable to shareholders reached CNY 685,139,223.98, compared to CNY 671,969,751.81 in the previous period, showing a growth of about 1.9%[68] - The company's total assets as of March 31, 2021, were CNY 1,049.38 million, a slight decrease from CNY 1,064.41 million at the end of 2020[55] - The company's long-term receivables increased to CNY 2.56 million from CNY 2.16 million, showing a growth of 18.5%[55] - The company reported a decrease in inventory from CNY 357,001.97 to CNY 212,885.37, indicating a reduction of 40.5%[52] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,832[14] - The largest shareholder, Wu Taibing, holds 19.26% of the shares, totaling 25,028,560 shares[14] Research and Development - Research and development expenses increased by 93.98% from CNY 33,030,320.85 to CNY 64,071,932.84, reflecting the company's commitment to enhancing innovation and talent acquisition[23] - The company has invested 17,336.83 million yuan in the general consumer software product R&D and technology transformation project, achieving a progress rate of 71.95%[34] - Research and development expenses increased to 64,071,932.84 from 33,030,320.85, reflecting a significant rise of approximately 94.5%[74] Strategic Focus - The company is focusing on expanding its digital creative software offerings, particularly in the video creative sector, to enhance market competitiveness[24] - The company plans to continue expanding its elite talent team, particularly in high-end and innovative talent, to support long-term growth[24] - The company aims to increase its global market coverage and revenue sources by actively exploring multilingual markets while deepening its presence in developed countries[26] - The company aims to enhance product innovation and quality, focusing on video creative software to become a global leader in independent third-party digital creative software products and services[27] - The company plans to accelerate the layout of various vertical application scenarios and establish a multi-end layout of "PC + mobile + cloud" to achieve breakthroughs in core technologies[27] - The company is deepening its SaaS transformation and adapting internal systems to lower user entry barriers through subscription payments, while increasing cloud deployment to enhance user stickiness[27] Risk Management - The company is closely monitoring global trade policies and legal regulations to mitigate risks associated with international trade protectionism[28] - The company faces exchange rate fluctuation risks due to its primary sales in foreign currencies, which may impact sales revenue and profits[29] - The company will strengthen foreign exchange risk prevention and use appropriate hedging tools to minimize adverse effects from exchange rate fluctuations[32] Fund Management - The total amount of raised funds is 28,962.36 million yuan, with 26.41% of the total raised funds being repurposed[34] - The company reported an unused balance of CNY 82.95 million in raised funds as of March 31, 2021, with CNY 40 million allocated for cash management and CNY 42.95 million held in a special account[43] - The company has approved an increase of CNY 35 million in raised funds for the acquisition of 51% equity in Yitu Software, with the project timeline extended to December 31, 2022[43] Compliance and Audit - The company has no reported violations regarding external guarantees during the reporting period[44] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[45] - The company has not yet audited the first quarter report, indicating that the figures are subject to change[99] - The company did not apply the new leasing standards for the current reporting period[97]

Financial Performance - In 2020, the company achieved a revenue of 976 million RMB, representing a year-on-year growth of 38.81%, and a net profit attributable to shareholders of 125 million RMB, up 45.19% year-on-year[4]. - The company's operating revenue for 2020 was ¥976,477,439.98, representing a 38.81% increase compared to ¥703,474,142.60 in 2019[43]. - The net profit attributable to shareholders for 2020 was ¥125,237,982.65, a 45.19% increase from ¥86,260,745.23 in 2019[43]. - The net profit after deducting non-recurring gains and losses for 2020 was ¥109,901,744.04, up 75.08% from ¥62,773,899.33 in 2019[43]. - The total revenue for the year 2020 reached ¥976,477,439.98, representing a year-on-year increase of 38.81% compared to ¥703,474,142.60 in 2019[96]. - The software industry accounted for ¥961,396,802.68, which is 98.46% of total revenue, showing a significant year-on-year growth of 44.32%[96]. - The company reported a net profit attributable to shareholders of RMB 125,237,982.65 for the year 2020[188]. - The total cash dividend distributed was RMB 25,989,408.00, representing 20.75% of the net profit attributable to shareholders[192]. - The cash dividend per 10 shares was set at RMB 2.00 (including tax) for the year 2020[186]. - The cash dividend payout ratio for 2019 was 32.98%, with a total cash dividend of RMB 28,449,575.00[192]. Revenue Growth and Market Expansion - The digital creative software business accounted for over 50% of total revenue, with a year-on-year growth of 55.53%[5]. - The company has expanded its global market presence, with sales revenue from non-English regions increasing to 66.74%, a year-on-year growth of 48.58%[87]. - The annual sales revenue growth rate for the global government and enterprise business reached 68%[91]. - The company achieved recognition as one of the highest exporters of creative software in China, with products sold in over 200 countries and regions[64]. - The company is focusing on digital creative software and expanding into office efficiency and data management software markets[57]. - The company plans to enhance its multi-platform strategy, integrating PC, mobile, and cloud applications to expand its product matrix[163]. - The company is actively investing in AI and big data algorithms to maintain industry-leading product functionality and technology[68]. - The company has seen rapid growth in sales revenue from non-English speaking countries, reflecting successful market expansion efforts[64]. Talent Acquisition and Development - The company completed over 500 social recruitment tasks and signed contracts with over 270 fresh graduates, with more than two-thirds being master's degree holders[7]. - The company aims to enhance its team strength by attracting high-end talent and providing competitive compensation and benefits[9]. - The workforce increased by 65% in 2020, with R&D personnel growing by 79%, reflecting a strong commitment to talent acquisition[92]. - The company emphasizes a culture of talent retention and development, implementing employee stock incentive plans and interest-free housing loans[8]. Research and Development - The company has 145 patents, including 98 invention patents, and 186 software copyrights, providing strong intellectual property support for its development[68]. - Research and development expenses amounted to ¥218,609,339.50, an increase of 40.52% year-over-year, accounting for 22.39% of total revenue[117][118]. - The company has strengthened its R&D investment to enhance product functionality and performance, ensuring it can respond to market and user demand changes[170]. - The company is committed to continuous innovation and product development to meet evolving user needs and market trends[170]. Strategic Initiatives - The company has implemented a strategy of "technology + service + content" to enhance its multi-end layout of "PC + mobile + cloud"[57]. - The company has established a robust online marketing model to sell software and related value-added services globally through its self-built e-commerce platform[19]. - The company has formed partnerships with various industry players to enrich its resource library, significantly improving user convenience and engagement[6]. - The company has established subsidiaries in North America, Japan, and Singapore to enhance localized service and marketing strategies[69]. Risks and Challenges - The company acknowledges the challenges posed by global trade protectionism and fluctuating exchange rates, which may impact its sales and profitability[16][18]. - The company faces risks from global trade protectionism, which could impact sales in various countries due to complex legal environments[171]. - The company’s revenue and profits are subject to significant uncertainty due to fluctuations in exchange rates, particularly with USD, EUR, and JPY[173]. - The company is at risk of goodwill impairment due to acquisitions, which could negatively affect its financial results if the acquired companies perform poorly[177]. Future Outlook - The company aims to become a global leader in digital creative software and services, focusing on video creativity and innovation[162]. - The company plans to continue expanding its digital creative software products and services, focusing on AI technology and mobile platforms, while increasing the subscription revenue ratio[9]. - The company is accelerating its SaaS transformation to improve user acquisition and retention through subscription models[165]. - The digital creative industry in China is experiencing rapid growth, with increasing market demand and government support, indicating significant future opportunities[154].

Financial Performance - Operating revenue for the reporting period was ¥244,011,705.91, representing a year-on-year growth of 38.66%[11] - Net profit attributable to shareholders was ¥43,173,632.97, up 26.04% year-on-year[11] - The basic earnings per share for the reporting period was ¥0.33, a decrease of 23.26% year-on-year[11] - The diluted earnings per share was also ¥0.33, down 21.43% compared to the previous year[11] - The weighted average return on equity was 5.27%, an increase of 0.39% from the previous year[11] - Total operating revenue for the current period reached ¥244,011,705.91, a significant increase from ¥175,981,295.98 in the previous period, reflecting a growth of approximately 38.5%[58] - Net profit for the current period was ¥45,225,522.76, compared to ¥33,988,627.66 in the previous period, representing an increase of approximately 33.3%[64] - The total comprehensive income for the current period was ¥45,225,522.76, compared to ¥33,988,627.66 in the previous period, indicating a growth of approximately 33.3%[67] - Net profit for the current period was ¥140,658,205.52, compared to ¥86,941,320.84 in the previous period, indicating a year-over-year increase of about 61.8%[78] - Operating profit for the current period was ¥148,725,602.90, up from ¥92,169,277.20 in the previous period, reflecting a growth of approximately 61.5%[78] Cash Flow - The net cash flow from operating activities was ¥36,431,177.57, a significant increase of 238.52% compared to the same period last year[11] - Net cash flow from operating activities increased by 126.69% to ¥124,831,252.02, attributed to increased sales revenue and corresponding cash collections[28] - Cash flow from operating activities increased to ¥124,831,252.02, up from ¥55,067,383.66 in the previous period, representing a growth of 126.4%[91] - Cash inflow from sales of goods and services reached ¥709,587,860.97, compared to ¥496,595,414.62 in the previous period, marking a significant increase of 42.8%[91] - Total cash outflow from operating activities was ¥614,853,189.40, compared to ¥449,921,355.25 in the previous period, an increase of 37.6%[91] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,000,954,147.44, an increase of 10.85% compared to the end of the previous year[11] - Total liabilities increased by 40.06% to ¥75,029,718.63, reflecting growth in accounts payable due to increased sales revenue[28] - The company's total owner's equity reached CNY 818,116,566.16, an increase from CNY 700,362,153.56, reflecting a growth of around 16.8%[50] - The total liabilities amounted to ¥215,249,784.78, slightly up from ¥211,320,010.24, showing a growth of approximately 1.4%[57] - Current liabilities totaled CNY 131,759,915.06, slightly up from CNY 125,963,941.08, indicating a growth of approximately 2.3%[46] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,913[16] - The largest shareholder, Wu Taibing, held 19.24% of the shares, amounting to 25,028,560 shares[16] Research and Development - Research and development expenses rose by 41.30% to ¥124,129,297.06 due to increased investment in R&D projects and personnel[28] - Research and development expenses rose to ¥51,930,687.10 from ¥28,989,535.67, marking an increase of about 79.0%[61] - Research and development expenses increased to ¥124,129,297.06 from ¥87,849,301.24, marking a rise of about 41.2%[75] Government Subsidies - The company received government subsidies amounting to ¥5,540,171.40 during the reporting period[12] Inventory and Receivables - Other receivables increased by 88.91% to ¥13,936,412.13 primarily due to increased rental deposits and advertising fees[28] - Inventory decreased by 44.58% to ¥4,761,967.54, mainly due to reduced inventory in the smart home business[28]

Financial Performance - The company reported a total revenue of 11,160.13 million RMB for the first half of 2020, reflecting a significant increase compared to the same period in 2019[14]. - The company's operating revenue for the reporting period was ¥474,618,179.53, representing a 39.96% increase compared to the same period last year[36]. - The net profit attributable to shareholders was ¥89,347,268.11, which is a 58.31% increase year-over-year[36]. - The net profit after deducting non-recurring gains and losses was ¥82,865,954.02, reflecting a 91.40% increase compared to the previous year[36]. - The net cash flow from operating activities was ¥88,400,074.45, showing a significant increase of 99.52% year-over-year[36]. - The total assets at the end of the reporting period were ¥940,880,515.40, which is a 4.20% increase from the end of the previous year[39]. - The net assets attributable to shareholders increased to ¥797,052,373.68, marking an 8.98% rise compared to the previous year[39]. - The basic earnings per share for the reporting period was ¥1.01, up 42.25% from ¥0.71 in the same period last year[36]. - The diluted earnings per share was ¥1.00, representing a 42.86% increase compared to the previous year[36]. - The company achieved significant growth in sales revenue and profit during the first half of 2020, despite the complex macroeconomic environment and uncertainties[81]. Product Development and Innovation - The company plans to continue its focus on product innovation to meet the rapidly changing demands of users in the consumer software industry[9]. - The company emphasizes the importance of continuous innovation to enhance product functionality and performance in response to market demands[9]. - The company has established a comprehensive product development and sales model, emphasizing market demand and continuous product innovation[57]. - The company has enhanced its product delivery capabilities, maintaining a product iteration cycle of 2-4 months to quickly respond to market demands[60]. - The company focuses on digital creative software, providing solutions for video editing, audio-video conversion, and graphic drawing, enhancing user engagement and consumption frequency[50]. - Filmora, a video editing software, has gained significant recognition in markets such as Europe, the US, and Japan, showcasing the company's strong brand influence[50]. - The company launched the Filmora V9.5 version, significantly enhancing graphics acceleration and rendering efficiency, leading to rapid growth in video editing software sales revenue[83]. - The company launched enterprise versions of its digital creative and office efficiency software, targeting corporate users and achieving rapid growth in this segment[64]. Marketing and Sales Strategy - The company primarily utilizes online marketing strategies through its e-commerce platform, collaborating with major search engines and social media platforms[11]. - The company has a strong online marketing capability, leveraging years of experience to promote its software products directly to global consumers[61]. - The company expanded its marketing efforts in non-English speaking markets, resulting in a rapid increase in sales revenue from these regions[85]. - The company has established a global marketing operation system and has localized its marketing strategies in key regions like North America and Japan[72]. - The overseas revenue segment generated ¥429,064,345.17, marking a 41.67% increase year-on-year[93]. Risk Management - The company has identified risks related to global trade protectionism, which may impact its sales in various regions due to complex legal environments[10]. - The company faces potential risks from currency fluctuations, as its products are primarily sold overseas and settled in multiple currencies including USD, EUR, and JPY[12]. - The company has established emergency measures to ensure the security of its servers and networks, which are critical for its online sales operations[13]. - The company has implemented measures to mitigate risks associated with server and network security, ensuring operational continuity[137]. - The company faces risks related to global trade protectionism, which could impact sales and operations in various countries[132]. Shareholder and Financial Policies - The company does not plan to distribute cash dividends or issue bonus shares for the current fiscal year[15]. - The company has committed to a cash dividend policy, distributing at least 15% of the annual distributable profits in cash, with higher percentages based on the company's development stage and capital expenditure needs[152]. - The company will consider various factors, including industry characteristics and financial needs, when proposing profit distribution plans[152]. - The company will provide online voting options for shareholders during profit distribution proposals[152]. - The company has a commitment to transparency in its profit distribution process, involving independent directors and public feedback[152]. - The company will adjust its profit distribution policy in response to significant external impacts, such as natural disasters[152]. - The company will not issue new shares or convertible bonds if it has not distributed cash dividends in the last three years[155]. Investments and Acquisitions - The company completed the acquisition of Shenzhen Yitu on May 30, 2019, resulting in a goodwill value of 111.60 million RMB, which may be subject to impairment risks if future earnings do not meet expectations[14]. - The company has committed to invest RMB 240.94 million in the general consumer software product R&D and technology transformation project, with a cumulative investment of RMB 149.84 million as of the reporting period[112]. - The company has engaged in entrusted wealth management with a total amount of 116,900,000, of which 33,200,000 remains due[123]. - The company reported no derivative investments or entrusted loans during the reporting period[124][125]. Corporate Governance and Compliance - The controlling shareholder committed that Shenzhen Yitu's audited net profit after tax for the years 2019, 2020, and 2021 should not be less than RMB 63 million, with annual minimums of RMB 18 million, RMB 21 million, and RMB 24 million respectively[143]. - The company is in compliance with the regulations set by the China Securities Regulatory Commission regarding shareholding and reduction commitments[146]. - The company has established a framework for accountability regarding the commitments made by its directors and senior management, including potential financial penalties for non-compliance[161]. - The company has not undergone any bankruptcy restructuring during the reporting period[175]. - The semi-annual financial report has not been audited[174]. - The company has no significant litigation or arbitration matters during the reporting period[176]. Social Responsibility - The company has established a training base with Tibet University to provide internship and employment opportunities for impoverished students[200]. - The company has set up a scholarship fund totaling 1 million CNY for students at Tibet University[200].

Financial Performance - Total revenue for Q1 2020 was ¥197,236,731.88, representing a 14.76% increase compared to ¥171,861,502.92 in the same period last year[8] - Net profit attributable to shareholders was ¥32,623,849.18, up 25.17% from ¥26,064,156.75 year-on-year[8] - Basic earnings per share increased to ¥0.41, reflecting a growth of 28.13% from ¥0.32[8] - Operating revenue rose by 14.76% to ¥197,236,731.88, driven mainly by increased software sales[21] - The company achieved a net profit attributable to shareholders that grew by 25.17% compared to the previous year[26] - Net profit for the current period is 34,812,447.00, compared to 24,044,465.93 in the previous period, showing an increase of approximately 45.0%[70] Cash Flow - Net cash flow from operating activities reached ¥14,513,326.17, a significant increase of 600.31% compared to -¥2,900,840.30 in the previous year[8] - The net cash flow from operating activities for the current period is ¥14,513,326.17, compared to a negative cash flow of ¥2,900,840.30 in the previous period, indicating a significant improvement[86] - Total cash inflow from operating activities reached ¥203,758,514.15, up from ¥165,152,405.94 in the previous period, reflecting a growth of approximately 23.3%[86] - Cash outflow from operating activities was ¥189,245,187.98, compared to ¥168,053,246.24 in the previous period, representing an increase of about 12.6%[86] - The net cash flow from investment activities was ¥3,287,191.45, a decrease from ¥61,067,295.24 in the previous period, indicating a decline in investment returns[86] - The net cash flow from financing activities was negative at -¥4,510,700.00, indicating cash outflows related to financing activities[89] Assets and Liabilities - Total assets at the end of the reporting period were ¥921,362,219.18, a 2.04% increase from ¥902,960,094.43 at the end of the previous year[8] - The total liabilities decreased from CNY 202,597,940.87 to CNY 183,795,235.92, representing a reduction of approximately 9.9%[62] - The total equity attributable to shareholders increased from CNY 731,369,915.17 to CNY 766,386,147.05, reflecting a growth of about 4.8%[55] - The total current liabilities increased from CNY 134,686,010.45 to CNY 152,555,830.22, which is an increase of about 13.2%[62] - The total assets increased from CNY 838,226,609.19 to CNY 865,874,166.20, reflecting a growth of approximately 3.3%[59] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 15,162, with the top ten shareholders holding significant stakes[12] - The largest shareholder, Wu Taibing, held 19.24% of the shares, amounting to 15,642,850 shares[12] Research and Development - Research and development expenses increased by 15.78% to ¥33,030,320.85, reflecting ongoing investment in R&D and increased personnel costs[21] - The company plans to deepen its focus on video creative fields and enhance product quality to strengthen its core competitiveness[27] Risk Management - The company is actively monitoring global trade protectionism and legal regulations that may impact its operations and sales[30] - The company is enhancing its foreign exchange risk management to mitigate the impact of currency fluctuations on sales revenue and profits[31] - The ongoing COVID-19 pandemic poses a risk to consumer spending, which the company is closely monitoring to adjust its operations accordingly[32] Investment Projects - The company has not changed the use of raised funds, with a total of ¥28,962.36 million committed to investment projects[37] - The cumulative investment progress for the "Wondershare General Consumer Software R&D and Technology Renovation Project" was 51.61% as of the reporting period[37] - The "Data Operation Center Construction Project" achieved a cumulative investment progress of 77.13%[37] Other Financial Information - The company reported non-recurring gains and losses totaling ¥3,429,306.40 after tax[11] - The company has no overdue commitments from controlling shareholders or related parties during the reporting period[41] - There were no violations regarding external guarantees during the reporting period[42] - The company reported a balance of unused raised funds of ¥137,280.30 million as of March 31, 2020, with ¥128,000.00 million allocated for cash management[40] - The company received ¥582,500,000.00 in cash from recovering investments, which is a significant increase from ¥280,000,000.00 in the previous period, representing a growth of about 107.9%[86]