投资者关系活动记录表 编号：2022-013 证券代码：300674 证券简称：宇信科技 北京宇信科技集团股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | --- | |-----------------------|---------------------------------------------------------|---------------------------------------------------|-------------------|----------------------------------------------------------------| | 投资者关系活动 \n类别 | □ 特定对象调研 \n□ 业绩说明会 \n□ 现场参观 \n机构名称 | □ 分析师会议 \n □ 新闻发布会 \n 其他 \n参与人姓名 | □ \n □ \n机构名称 | 媒体采访 \n路演活动 \n参与人姓名 | | | 诺安基金 | 左少逸 | 天风证券 | 王祺深 | | | 和谐汇一 | 章溢漫 | 天弘基金 | 杜昊 | | ...

投资者关系活动记录表 编号：2022-011 1 证券代码：300674 证券简称：宇信科技 北京宇信科技集团股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | --- | |-----------------------|------------------------------------------------------------|-----------------------------------------------|-------------------------------------|------------------| | 投资者关系活动 \n类别 | □ 特定对象调研 \n 业绩说明会 □ \n□ 现场参观 □ \n机构名称 | □ 分析师会议 \n新闻发布会 \n其他 \n参会人姓名 | □ 媒体采访 \n □ 路演活动 \n机构名称 | \n \n参会人姓名 | | | 国泰基金 | 黄俊岭 | 中金公司 | 陈星宇 | | | 国泰基金 | 吕业青 | 中金公司 | 魏鹳霏 | | | 广发基金 | 陈甄璞 | 中泰证券 | 侯丽媛 ...

编号：2022-014 1 投资者关系活动记录表 证券代码：300674 证券简称：宇信科技 北京宇信科技集团股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | --- | |-----------------------|---------------------------------------------------------------|---------------------------------------------|-------------------------------------|------------------| | 投资者关系活动 \n类别 | □ 特定对象调研 □ \n 业绩说明会 □ \n□ 现场参观 □ \n机构名称 | 分析师会议 \n新闻发布会 \n其他 \n参会者姓名 | □ 媒体采访 \n □ 路演活动 \n机构名称 | \n \n参会者姓名 | | | 嘉实基金 | 刘晔 | 嘉实基金 | 田林矗 | | | 中邮人寿保险 | 朱战宇 | 国元证券 | 耿军军 | | | 中信建投证券 | 甘洋科 | 兴业证券 | ...

Financial Performance - The company's revenue for Q3 2022 reached ¥1,037,905,338.32, representing a 47.75% increase year-over-year[6] - The net profit attributable to shareholders was a loss of ¥8,762,852.87, a decline of 140.33% compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses was a loss of ¥2,260,248.80, down 111.22% year-over-year[6] - Operating revenue for Q3 2022 reached ¥2,639,650,924.38, a 28.5% increase compared to ¥2,053,494,438.60 in the same period last year[41] - Net profit for the period was ¥91,943,472.43, down from ¥145,877,890.22, reflecting a decrease of approximately 37% year-over-year[44] - The total comprehensive income attributable to the parent company was ¥107,159,414.55, a decrease from ¥139,526,645.70 in the previous period, representing a decline of approximately 23.2%[47] - The basic and diluted earnings per share were both ¥0.16, down from ¥0.24 in the previous period, indicating a decrease of 33.3%[47] Assets and Liabilities - Total assets increased by 26.29% to ¥5,622,916,348.25 compared to the end of the previous year[7] - Total liabilities amounted to ¥1,877,408,072.85, an increase from ¥1,685,790,969.54, marking a growth of approximately 11.4%[39] - The total equity attributable to shareholders reached ¥3,751,834,750.25, up from ¥2,748,081,146.88, reflecting an increase of about 36.5%[41] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥877,812,176.45, a decrease of 29.56% year-over-year[6] - The net cash flow from operating activities for the first nine months of 2022 was -87,781.22 million, a decrease of 29.56% compared to -67,754.35 million in the same period of 2021[17] - The net cash flow from investing activities for the first nine months of 2022 was -27,993.75 million, a significant decrease of 288.21% compared to 14,873.65 million in the same period of 2021[17] - The net cash flow from financing activities for the first nine months of 2022 was 117,135.10 million, an increase of 510.04% compared to -28,566.85 million in the same period of 2021[17] - The net cash flow from operating activities was -¥877,812,176.45, worsening from -¥677,543,530.85 in the previous period[52] - Cash inflows from operating activities totaled ¥2,221,014,737.46, slightly down from ¥2,256,992,491.18 in the previous period[52] - Cash outflows from operating activities amounted to ¥3,098,826,913.91, an increase from ¥2,934,536,022.03 in the previous period[52] - The net cash flow from investing activities was -¥279,937,464.57, compared to a positive net flow of ¥148,736,527.52 in the previous period[52] - Cash inflows from financing activities were ¥1,687,422,084.80, significantly higher than ¥29,130,701.12 in the previous period[52] - The ending balance of cash and cash equivalents was ¥1,305,220,747.22, up from ¥482,464,131.48 in the previous period[54] Shareholder Information - The total number of common shareholders at the end of the reporting period was 28,126[18] - The largest shareholder, Zhuhai Yuqin Hongtai Venture Capital Group Co., Ltd., holds 27.88% of the shares, totaling 198,256,896 shares[21] - Baidu (China) Limited holds 5.14% of the shares, totaling 36,571,427 shares[21] - The company has a total of 6,908,780 shares held by Hong Kong Central Clearing Limited, representing 0.97% of the shares[23] - The company reported a total of 300,000 restricted shares held by Ouyang Zhongcheng, which are subject to lock-up conditions[24] - The company plans to unlock 40%, 30%, and 30% of the restricted shares in phases after the initial 12-month lock-up period[24] - The company repurchased a total of 10,683,212 shares, accounting for 1.5024% of the total share capital, with a total transaction amount of ¥157,402,165.81[29] - As of September 30, 2022, the total number of restricted shares was 64,737,293, with 7,834,737 shares available for release[28] - The company plans to release 6,443,628 restricted shares, which represents 0.91% of the total share capital, following the completion of the second release period[30] - The company has a stock incentive plan where 431 individuals qualified for the second release period of restricted shares[30] - The total number of restricted shares held by executives is subject to a 25% annual release after the first year of listing[27] - The company’s total share capital decreased from 711,626,137 shares to 711,091,802 shares due to the repurchase of shares from departing incentive recipients[33] - The company has a structured release plan for restricted shares, with 40%, 30%, and 30% released in phases after the first year of issuance[27] Operational Metrics - The company reported a significant increase in accounts receivable by 45.85% to ¥168,381.39 million due to rising revenues[12] - Inventory increased by 32.45% to ¥151,486.74 million, attributed to seasonal business characteristics[12] - The company experienced a 42.36% rise in operating costs, totaling ¥188,885.70 million, primarily due to increased revenue from lower-margin integrated projects[15] - Operating costs for the quarter were ¥2,527,217,384.65, compared to ¥1,908,937,774.64, indicating an increase of approximately 32.4%[41] - Research and development expenses rose to ¥367,926,881.56, compared to ¥291,970,761.93 in the previous year, indicating an increase of about 26%[44] - The company reported a decrease in investment income by 46.70% to ¥2,411.04 million, mainly due to lower gains from asset disposals compared to the previous year[15] - The company reported a decrease in investment income to ¥24,110,396.47 from ¥45,231,831.15, a decline of about 46.7% year-over-year[44] - The company received cash from investment activities totaling ¥695,674,217.53, compared to ¥162,604,107.33 in the previous period[52] - The company reported a significant increase in cash received from customer deposits and other operating activities, totaling ¥67,918,748.87, compared to ¥110,513,611.75 in the previous period[50]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 1,601,745,586.06, representing an increase of 18.56% compared to CNY 1,351,033,820.37 in the same period last year[23]. - The net profit attributable to shareholders of the listed company was CNY 121,308,344.04, a decrease of 9.19% from CNY 133,579,674.80 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was CNY 114,538,658.61, which is an increase of 7.25% compared to CNY 106,792,653.70 in the same period last year[23]. - The net cash flow from operating activities was -CNY 881,476,086.28, a decline of 55.69% from -CNY 566,167,958.25 in the previous year[23]. - The total assets at the end of the reporting period were CNY 5,313,181,856.31, an increase of 19.33% from CNY 4,452,547,960.84 at the end of the previous year[23]. - The net assets attributable to shareholders of the listed company were CNY 3,826,908,375.52, which is a 39.26% increase from CNY 2,748,081,146.88 at the end of the previous year[23]. - The basic earnings per share were CNY 0.18, down 14.29% from CNY 0.21 in the same period last year[23]. - The diluted earnings per share were also CNY 0.18, reflecting a 14.29% decrease compared to CNY 0.21 in the previous year[23]. - The weighted average return on equity was 3.25%, down from 5.51% in the same period last year, a decrease of 2.26%[23]. Revenue Growth and Business Segments - The company achieved a revenue growth of 18.56% year-on-year, reaching 1.602 billion CNY in the first half of 2022[34]. - Software development and services revenue amounted to 1.275 billion CNY, a 20.07% increase compared to the same period last year[36]. - Revenue from non-bank financial institutions grew by 129.2% year-on-year, indicating strong demand in this segment[40]. - The company’s innovative operation business generated 72 million CNY, a 14.00% increase year-on-year, despite challenges from the pandemic[36]. - The cumulative orders in hand for software development business increased by 15% year-on-year, totaling approximately 2.65 billion CNY[38]. Strategic Initiatives and Partnerships - The company plans to enhance project management and personnel management to stabilize software business gross margins[37]. - The company is focusing on long-term partnerships with high-quality clients, particularly in small and medium-sized banks, to drive sustainable growth[38]. - The company is actively pursuing international expansion, with ongoing projects for multiple overseas clients in data platform development[41]. - The company launched the Ucan digital banking credit product in Indonesia, achieving over 2 million members and 1 million digital wallet accounts within 20 days of its release[56]. - The company is deepening strategic partnerships with Baidu and Huawei to enhance capabilities in financial cloud, big data, and AI technologies[58][59]. Research and Development - The company maintained stable R&D investment, with 209 million yuan in R&D spending in the first half of 2022, a 16.45% increase year-on-year[49]. - Research and development expenses increased by 16.45% to approximately CNY 209.19 million, reflecting the company's commitment to enhancing its R&D capabilities[76]. - The company is continuously upgrading its data product family to support business scenario applications in operational analysis, marketing, and risk control[51]. Market Position and Recognition - The company maintained its leading position in the financial IT solutions market in China, particularly in online banking and risk management[72]. - The company has received multiple awards, including recognition as one of the "Top 100 Financial Technology Competitors in China" and "Top 50 Financial Technology Companies" in 2022, showcasing its industry leadership[62]. - The company has been ranked as a leading IT solution provider in the banking sector by IDC since 2010, demonstrating its competitive advantage in the market[68]. Investment and Financial Management - The company plans to repurchase shares with a budget between CNY 150 million and CNY 300 million, having already repurchased 3,527,985 shares for a total of CNY 53,134,752.50 by July 31, 2022[60]. - The company reported a significant increase of 524.47% in net cash flow from financing activities, amounting to approximately CNY 1.08 billion, mainly due to funds raised from a targeted issuance[76]. - The company has established a total committed investment amount for various projects, including CNY 281.74 million for the online financial platform project aimed at small and micro financial institutions[102]. Risks and Challenges - The company faces market competition risks due to increasing demand for IT services and the entry of new competitors[117]. - The company relies heavily on the banking sector for revenue, which poses risks related to client concentration and economic fluctuations[117]. - The company is at risk of technological and product development challenges due to rapid changes in IT technology and potential issues with intellectual property protection[118]. - Regulatory risks exist as changes in oversight from the banking regulatory authority could affect the company's innovative business models[122]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,296, with the largest shareholder holding 27.86% of the shares[193]. - The largest shareholder, Zhuhai Yuqin Hongtai Venture Capital Group Co., Ltd., holds 198,256,896 shares, which are partially pledged[193]. - The company has a lock-up period of 6 months for the newly issued shares, which started from the listing date on February 9, 2022[192].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 406.64 million, a decrease of 2.50% compared to CNY 417.07 million in the same period last year[5] - Net profit attributable to shareholders was CNY 1.60 million, a significant increase of 106.07% from a loss of CNY 26.33 million in the previous year[5] - The net profit after deducting non-recurring gains and losses was CNY 0.70 million, up 102.48% from a loss of CNY 28.02 million year-on-year[5] - The company reported a significant increase in gross margin, with the overall gross margin improving by 6.02% compared to the previous year[10] - The company experienced a 130.23% increase in revenue from its innovative operations business, while revenue from system integration sales and services decreased by 65.57%[10] - Total operating revenue for the current period is $406.64 million, a decrease of 2.3% from $417.07 million in the previous period[38] - Total operating costs decreased to $414.40 million, down 7.8% from $449.40 million in the previous period[38] - Net profit for the current period is -$2.40 million, an improvement from -$30.94 million in the previous period[40] - Basic earnings per share for the current period is $0.0023, compared to -$0.0411 in the previous period[42] Assets and Liabilities - The company's total assets increased by 23.09% to CNY 5.48 billion from CNY 4.45 billion at the end of the previous year[6] - Current assets totaled approximately 4.70 billion CNY, compared to 3.74 billion CNY at the beginning of the year, indicating a growth of about 26%[33] - Inventory increased to approximately 1.51 billion CNY from 1.14 billion CNY, representing a growth of about 32%[33] - Total liabilities decreased to approximately 1.61 billion CNY from 1.69 billion CNY, showing a reduction of about 5%[35] - The company's equity attributable to shareholders rose to approximately 3.86 billion CNY from 2.75 billion CNY, marking an increase of about 40%[37] - The company reported a cash balance of approximately 1.85 billion CNY, up from 1.29 billion CNY, reflecting a growth of about 43%[31] - The company’s long-term equity investments increased to approximately 429 million CNY from 360 million CNY, indicating a growth of about 19%[33] Cash Flow - Cash flow from operating activities was negative at CNY -497.11 million, a decline of 4.69% from CNY -474.85 million in the same period last year[5] - Cash inflow from operating activities totaled $433.10 million, down 35.2% from $668.28 million in the previous period[44] - Cash outflow from operating activities amounted to $930.21 million, a decrease of 18.6% from $1,143.12 million in the previous period[44] - The net cash flow from operating activities is -$497.11 million, slightly worse than -$474.85 million in the previous period[44] - Cash inflow from investment activities totaled $33,091,137.18, with a net cash outflow of $28,971,774.41 from investment activities[46] - Cash inflow from financing activities reached $1,106,371,561.80, resulting in a net cash inflow of $1,093,506,403.16 from financing activities[46] - The ending balance of cash and cash equivalents was $1,846,214,959.81, compared to $739,181,708.01 in the previous period[48] - The company had a significant increase in cash and cash equivalents of $567,413,945.18 compared to the previous period[46] Shareholder Information - The total number of common shareholders at the end of the reporting period was 30,107, with no preferred shareholders having restored voting rights[17] - The largest shareholder, Zhuhai Yuqin Hongtai Investment Group Co., Ltd., holds 27.86% of the shares, totaling 198,256,896 shares[17] - A total of 50,452,488 shares were issued at a price of 22.10 RMB per share, raising approximately 1,115 million RMB, with the listing date on February 9, 2022[25] - The number of restricted shares at the beginning of the period was 14,292,305, with 25,547,176 shares added during the period, resulting in a total of 39,831,981 restricted shares by the end of the period[22] - The company has no knowledge of any relationships or concerted actions among the top 10 shareholders, except for the connection between Zhuhai Yuqin Guangyuan Information Consulting Partnership and Zhuhai Yuqin Tongcheng Information Consulting Partnership[21] - The top 10 shareholders include both domestic and foreign entities, with significant stakes held by Zhuhai Yuqin Hongtai and Baidu (China) Co., Ltd.[19] - The company reported no changes in the number of preferred shareholders and their holdings during the period[21] Future Plans and Proposals - The company plans to continue its proactive and stable operational strategy to mitigate potential risks from ongoing pandemic impacts[11] - The company plans to unlock restricted shares in phases, with 40% after 12 months, followed by 30% and 30% in subsequent periods[24] - The company approved a cash management plan using up to 860 million CNY of idle raised funds and up to 500 million CNY of self-owned funds, focusing on short-term, low-risk financial products[26] - The company plans to repurchase and cancel 534,335 restricted stocks due to 29 incentive targets resigning, pending shareholder approval[29] - A profit distribution proposal for 2021 was made, offering a cash dividend of 2.00 CNY per 10 shares, based on a total share capital of 711,626,137 shares, subject to shareholder approval[30] Research and Development - Research and development expenses (excluding share-based payment) increased by 26.21% year-on-year, reflecting the company's commitment to product development and innovation[10] - Research and development expenses increased to $78.22 million, up 14.3% from $68.44 million in the previous period[38]

Dividend and Financial Performance - The company plans to distribute a cash dividend of 2.00 CNY per 10 shares to all shareholders, based on a total of 711,626,137 shares[4]. - The company's operating revenue for 2021 was ¥3,726,204,465.44, representing a 24.97% increase compared to ¥2,981,587,313.79 in 2020[21]. - The net profit attributable to shareholders for 2021 was ¥395,824,558.99, a decrease of 12.60% from ¥452,897,119.62 in 2020[21]. - The net profit after deducting non-recurring gains and losses for 2021 was ¥361,597,819.59, which is a 22.53% increase from ¥295,102,004.10 in 2020[21]. - The total operating revenue for 2021 reached ¥3,726,204,465.44, representing a year-on-year increase of 24.97% from ¥2,981,587,313.79 in 2020[82]. - The company achieved a net profit attributable to shareholders of ¥316,382,624.63 for the year, with the fourth quarter contributing 44.89% of total revenue[85]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion in 2021, representing a year-over-year growth of 25%[161]. Risk Management and Compliance - The company acknowledges various risks including market competition, customer concentration, and technology development quality risks[4]. - The company emphasizes the importance of risk management in its future development strategies[4]. - Regulatory risks may impact the company's innovative business models, necessitating close monitoring of changes in oversight from financial authorities[155]. - The company emphasizes strict compliance with information disclosure regulations, ensuring timely and accurate information is available to all investors[174]. Technological Innovation and Development - The company has a strong focus on technological innovation and product development to enhance its market position[4]. - The company is positioned to benefit from the ongoing digital transformation in the banking sector, driven by national strategies promoting the integration of technology and finance[50]. - The company has a strong focus on R&D and technology accumulation, continuously investing in product development to enhance its competitive edge in the financial IT sector[45]. - The company launched over 100 certified products in the financial innovation sector and participated in more than 20 technical verification and pilot projects[64]. - The company aims to continue R&D investments focusing on cloud-native platforms, privacy computing, and AI technologies for future growth[69]. - Investment in new technology development increased by 30% in 2021, with a focus on enhancing product features and user experience[163]. Market Expansion and Strategic Partnerships - The company is actively expanding its market presence and exploring new business opportunities[4]. - The company has established long-term stable partnerships with over 200 financial institutions, including major state-owned banks and various non-bank financial institutions[39]. - The company expanded its overseas market presence, achieving progress in Singapore, Indonesia, Malaysia, and Cambodia despite pandemic challenges[70]. - The company is exploring partnerships with local firms to strengthen its distribution network in emerging markets[163]. - The company signed contracts with three major city commercial banks for inclusive financial digital credit services during the reporting period[62]. Governance and Management - The company has established a comprehensive governance structure to support its operational integrity and transparency[4]. - The company has a well-structured governance system, with no major discrepancies from regulatory requirements[177]. - The company maintains independence in its operations, with no significant competition or unfair transactions with its controlling shareholders[178]. - The company has a complete and independent financial accounting system, ensuring financial decisions are made independently[182]. - The board of directors has been restructured, with new appointments aimed at strengthening governance and oversight[195]. Financial Health and Investment - The total cash inflow from operating activities increased by 26.19% to approximately ¥4.07 billion in 2021 compared to ¥3.23 billion in 2020[114]. - The company successfully raised approximately ¥11.15 billion through a private placement, which will be used to enhance product and technology development[74]. - The company reported a significant reduction in short-term borrowings, which decreased by 4.16% to zero, as all borrowings were repaid[120]. - The company reported a capital increase of 60% by issuing 6 new shares for every 10 shares held[189]. - The company has not made any significant equity investments during the reporting period[128]. Customer Engagement and Satisfaction - Customer satisfaction ratings improved to 85%, reflecting the success of recent service enhancements[163]. - User data showed a growth in active users, reaching 10 million by the end of 2021, which is a 15% increase compared to the previous year[163]. Future Outlook - The company provided guidance for 2022, projecting revenue growth of 20% to 1.8 billion, driven by new product launches and market expansion efforts[163]. - Future earnings guidance indicates a positive outlook, with expectations of revenue growth driven by new initiatives[197].

Financial Performance - The company's operating revenue for Q3 2021 was ¥702,460,618.23, representing a year-on-year increase of 28.93%[6] - The net profit attributable to shareholders for Q3 2021 was ¥21,729,556.62, a significant increase of 207.09% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses reached ¥20,143,513.46, with an extraordinary increase of 19,509.73% year-on-year[6] - Total revenue for Q3 2021 reached ¥2,053,494,438.60, an increase of approximately 26.6% compared to ¥1,622,164,096.53 in Q3 2020[43] - The net profit for the current period is CNY 145,877,890.22, an increase from CNY 128,701,030.20 in the previous period, representing a growth of approximately 13.5%[46] - The total profit for the current period is CNY 182,669,970.78, an increase from CNY 156,903,891.21 in the previous period, representing a growth of about 16.4%[46] Assets and Liabilities - The company's total assets at the end of Q3 2021 were ¥3,893,348,671.58, reflecting a decrease of 3.92% from the end of the previous year[8] - The company's total liabilities decreased by 100% in short-term borrowings, reflecting repayment of due borrowings[14] - The company's total liabilities decreased to ¥1,339,657,786.56 from ¥1,700,424,119.00, reflecting a reduction of about 21.3%[42] - The total assets decreased to ¥3,893,348,671.58 from ¥4,052,091,465.03, a decline of approximately 3.9%[39] - The total liabilities decreased by $16.93 million, from $1.72 billion to $1.70 billion, indicating a slight reduction in financial obligations[63] Shareholder Equity - The equity attributable to shareholders increased by 9.29% year-on-year, amounting to ¥2,539,852,663.90[8] - The company's total shareholders' equity decreased by 49.92% due to the acquisition of minority interests in Yuxin Data and losses from certain subsidiaries[17] - The total equity attributable to shareholders was $2.32 billion, remaining stable compared to the previous period[63] Cash Flow - The net cash flow from operating activities for the year-to-date period was negative at -¥677,543,530.85, a decline of 170.40% compared to the previous year[6] - Cash flow from operating activities for the first three quarters of 2021 was a net outflow of CNY 677.54 million, a 170.40% increase in outflow compared to the previous year, mainly due to increased labor costs and significant procurement in software business[18] - The cash flow from operating activities resulted in a net outflow of CNY -677,543,530.85, worsening from CNY -250,567,658.06 in the previous period[50] - The net cash flow from financing activities was -$285.67 million, compared to $68.99 million in the previous period, indicating a significant decrease in financing inflow[56] Research and Development - Research and development expenses for the first three quarters of 2021 grew by 54.58% compared to the previous year, indicating a strong focus on product development[13] - The company's R&D expenses for the first three quarters of 2021 were CNY 291.97 million, a 54.58% increase compared to the same period last year, reflecting increased investment in R&D and higher share-based payment expenses[18] - Research and development expenses increased to CNY 291,970,761.93 from CNY 188,881,902.17, reflecting a rise of about 54.7%[46] Revenue Growth - The company's software development and service revenue increased by 31.71% year-on-year, driven by strong competitive advantages in its four major product lines[11] - The innovative operation business saw a revenue increase of 58.23% year-on-year, supported by substantial breakthroughs in various financial service areas[11] - The net profit attributable to shareholders after deducting non-recurring gains and losses for the first three quarters of 2021 was CNY 126.94 million, an increase of 4.76% year-on-year, driven by steady growth in software development and rapid growth in innovative operations[14] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 increased by 19,509.73% year-on-year, primarily due to steady growth in software development and innovative operations revenue[14] Share Capital and Stock Incentives - The total number of restricted shares held by Zhuhai Yuqin Hongtai Venture Capital Co., Ltd. is 198,256,896 shares, with no shares released during the period[27] - The total number of restricted shares for other shareholders is 18,992,760 shares, with 6,187,664 shares released during the period[30] - The company completed the granting of the remaining reserved restricted stock under the 2020 incentive plan, totaling 7,144,944 shares, which accounts for 1.08% of the total share capital[32] - The total share capital of the company decreased from 662,152,800 shares to 661,173,649 shares after the repurchase and cancellation of 979,151 shares[32] - The company has a stock incentive plan where shares are released in phases, with 40%, 30%, and 30% released after a 12-month lock-up period[27] Regulatory and Compliance - The company received approval from the China Securities Regulatory Commission for the issuance of shares to specific objects on September 2, 2021[31] - The company adjusted its financial statements to comply with the new leasing standards effective January 1, 2021, impacting retained earnings and related financial statement items[66] - The new leasing standards were first implemented in 2021, with retrospective adjustments made to prior comparative data[68] Miscellaneous - The third quarter report has not been audited[67] - The company’s cash flow from operations was not detailed, but the significant cash outflows suggest potential liquidity challenges[56]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥1,351,033,820.37, representing a 25.40% increase compared to ¥1,077,341,295.20 in the same period last year[25]. - The net profit attributable to shareholders of the listed company was ¥133,579,674.80, a 3.20% increase from ¥129,438,650.51 year-on-year[25]. - The net profit after deducting non-recurring gains and losses was ¥106,792,653.70, showing an 11.79% decrease compared to ¥121,067,963.37 in the previous year[25]. - The net cash flow from operating activities was -¥566,167,958.25, a decline of 87.81% from -¥301,462,944.60 in the same period last year[25]. - The total assets at the end of the reporting period were ¥3,847,001,996.68, down 5.06% from ¥4,052,091,465.03 at the end of the previous year[25]. - The net assets attributable to shareholders of the listed company increased by 3.50% to ¥2,405,353,348.70 from ¥2,324,035,133.37 at the end of the previous year[25]. - The basic earnings per share were ¥0.21, reflecting a 5.00% increase from ¥0.20 in the same period last year[25]. - The diluted earnings per share were also ¥0.21, consistent with the basic earnings per share increase of 5.00% from the previous year[25]. - The weighted average return on equity was 5.51%, down 1.27% from 6.78% in the previous year[25]. Revenue Growth - The company's software development revenue reached 1.062 billion yuan in the first half of 2021, a year-on-year increase of 30.09%[34]. - The innovative operation business saw a revenue growth of 48.31% compared to the same period last year[34]. - The net profit attributable to the listed company, excluding equity incentive expenses and non-recurring gains and losses, was 179 million yuan, an increase of 32.67% year-on-year[34]. - The company achieved a 54.19% increase in software development and service revenue from state-owned large commercial banks[36]. - The software development business's new contracts grew by 47% year-on-year by the end of the reporting period[36]. Research and Development - In the first half of 2021, the company's R&D investment reached ¥179.64 million, an increase of 82.52% compared to the same period last year[41]. - The company has developed over 30 products in its data middle platform family to meet the demands of digital transformation, achieving comprehensive lifecycle management and service of data[42]. Strategic Initiatives - The company has successfully launched new products in its big data and credit product lines, establishing a strategic layout for future business development[36]. - The company is expanding its innovative operation business by integrating business capabilities and resources to promote diversification and high growth[37]. - The financial ecological platform has successfully onboarded multiple new clients, enhancing operational efficiency and reducing loan default rates[37]. - The company is actively collaborating with Baidu Cloud and Tencent Cloud to enhance its financial cloud service capabilities[39]. - The company has established a deep cooperation with Jianxin Financial Technology, aiming to integrate technology and data to enhance business development models[45]. - The company has completed the migration of its financial cloud to Baidu's public cloud, enhancing its capabilities in AI, big data, and cloud management[47]. - The company has partnered with Huawei to create a fully domestic innovation cloud, successfully migrating a data warehouse from TD to GuassDB[48]. - The company and Tencent have made significant progress in collaboration, winning a financial data middle platform project for a major rural commercial bank[49]. Market Position and Recognition - The company has been recognized multiple times during the reporting period, including being named one of the "Top 50 Financial Technology Companies in China" by KPMG and receiving the "Pioneer Case in Industrial Intelligence" award from People's Daily[51]. - The company has maintained its position as the leading IT solution provider in the Chinese banking industry since 2010, according to IDC reports, and has established long-term stable relationships with over 100 regional commercial banks and rural credit cooperatives[53]. - The company has a comprehensive product line and has been ranked among the top in various categories, including channel, management, and business products, according to IDC[54]. - The company has achieved the highest market share in the overall IT solutions for the banking industry for seven consecutive years, maintaining leadership in areas such as online banking and risk management[57]. Financial Management - The company reported a significant increase in investment income, which rose by 662.46% to ¥44,866,172.85 from ¥5,884,376.23, primarily due to gains from the disposal of equity in Zhuhai Yuchengxin[62]. - Financial expenses decreased by 130.39% to -¥3,178,169.75 from ¥10,456,839.62, attributed to reduced borrowings and increased interest from idle funds[62]. - The gross profit margin for software development and services was 39.33%, with a year-on-year increase of 0.67%[64]. Challenges and Risks - The company faces risks from market competition, particularly from increasing demand for IT services and new entrants in the industry[94]. - The company relies heavily on the banking sector, with a significant portion of revenue dependent on banking clients[95]. - The company is exposed to seasonal revenue fluctuations, with higher income typically recognized in the fourth quarter[100]. - The company is actively monitoring the impact of the ongoing pandemic on its operations, especially in overseas markets[103]. Corporate Governance and Compliance - The company has not engaged in any major related party transactions during the reporting period[145]. - There were no significant legal disputes or arbitration matters during the reporting period, with minor litigation totaling 1.5223 million yuan[136]. - The company did not experience any non-operating fund occupation by controlling shareholders or related parties during the reporting period[129]. Shareholder Information - The company granted 1.376 million restricted stock units at a price of 15.84 CNY per share to 96 incentive recipients on February 5, 2021, and 768,500 units at 8.894 CNY per share to 10 recipients on June 4, 2021, as part of its 2020 Restricted Stock Incentive Plan[50]. - The total number of shares held by the top 10 unrestricted shareholders includes significant holdings from various investment funds[192]. - The company has implemented an incentive plan involving restricted shares for 97 eligible participants, totaling 1,393,000 shares granted[187]. - The company plans to unlock restricted shares in phases, with 40%, 30%, and 30% released after a 12-month lock-up period[184].

Financial Performance - The company's revenue for Q1 2021 was ¥417,069,721.54, representing a 64.65% increase compared to ¥253,311,089.87 in the same period last year[7]. - The net profit attributable to shareholders was -¥26,332,595.03, a decrease of 600.95% from ¥5,256,539.34 in the previous year[7]. - The company's total operating revenue for the reporting period was 417.07 million, an increase of 64.65% compared to the same period last year, primarily due to sustained rapid business growth and a low base from the previous year affected by the pandemic[17]. - Revenue from software development and services increased by 42.00% year-on-year, attributed to the acceptance of several large projects during the period[17]. - System integration sales and service revenue surged by 242.61%, reflecting the new trends in "self-controllable" and "domestic" development in the national information technology application innovation industry[17]. - The net profit attributable to shareholders was a loss of 26.33 million, compared to a profit of 5.26 million in the same period last year, mainly due to increased share-based payment expenses of 41.21 million[17]. - The company's operating revenue for Q1 2021 was CNY 41,706.97 million, a 64.65% increase compared to CNY 25,331.11 million in Q1 2020[19]. - Operating costs rose to CNY 28,530.62 million, reflecting a 90.05% increase, primarily due to a higher proportion of lower-margin system integration sales and services[19]. - The net profit for the quarter was a loss of ¥30,936,325.08, compared to a profit of ¥2,699,647.84 in the same period last year[51]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥474,846,843.57, worsening by 40.85% compared to -¥337,135,733.45 in the same period last year[7]. - Cash and cash equivalents decreased by 45.27% to 742.18 million, mainly due to seasonal cash collection patterns and increased procurement payments[18]. - The net cash flow from operating activities was negative CNY 47,484.68 million, a 40.85% increase in outflow compared to negative CNY 33,713.57 million in the previous year[20]. - Cash inflows from operating activities totaled 668,276,658.53, significantly higher than 321,912,823.70 in the prior year, marking an increase of about 107.5%[59]. - Cash outflows from operating activities amounted to 1,143,123,502.10, compared to 659,048,557.15 in the previous year, indicating an increase of approximately 73.4%[59]. - The company incurred a total of 505,952,636.84 in cash payments for goods and services, which is an increase from 186,411,637.38 in the previous year, reflecting a rise of approximately 171.5%[59]. - The company's financing activities resulted in a net cash outflow of -81,309,026.91, compared to -294,663,214.61 in the previous year, indicating an improvement in cash flow management[60]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,744,573,084.06, down 7.59% from ¥4,052,091,465.03 at the end of the previous year[7]. - The total liabilities decreased to ¥2,887.73 million from ¥3,215.57 million, indicating a reduction of about 10.2%[37]. - The total liabilities decreased from CNY 1,700,424,119.00 to CNY 1,383,731,839.52, a reduction of about 18.7%[42]. - The total assets increased from CNY 3,877,357,239.29 to CNY 4,032,007,672.13, reflecting a growth of about 4.0%[44]. - The company's total current liabilities were approximately $1.86 billion, with significant components including accounts payable of $826.17 million[68]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,711[10]. - The largest shareholder, Zhuhai Yuqin Hongtai Information Consulting Co., Ltd., held 29.98% of the shares, amounting to 123,910,560 shares[10]. - The company issued 1,393,000 restricted stocks to 97 incentive targets, raising CNY 21,795,840.00 in subscription funds[25]. Research and Development - R&D expenses for the first quarter increased by 89.63% year-on-year, reaching 68.44 million, as the company focused on enhancing product iteration and reducing delivery costs[17]. - Research and development expenses increased to ¥33,280,826.36 from ¥16,447,322.40, reflecting a growth of approximately 102.4%[53]. Compliance and Governance - The company reported no violations regarding external guarantees during the reporting period[29]. - There were no overdue commitments from major shareholders or related parties during the reporting period[30]. - The company is actively processing matters related to the inquiry letter from the Shenzhen Stock Exchange and plans to apply for the resumption of review once the relevant work is completed[27]. - The company has completed the registration of part of the reserved restricted stock grants as part of its incentive plan[28]. Miscellaneous - The first quarter report was not audited[71]. - The company executed the new leasing standards starting January 1, 2021, which resulted in adjustments to the financial statements[65].