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].

Financial Performance - The company's operating revenue for 2020 was ¥2,981,587,313.79, representing a 12.44% increase from ¥2,651,726,752.49 in 2019[20]. - The net profit attributable to shareholders for 2020 was ¥452,897,119.62, a significant increase of 65.18% compared to ¥274,181,197.42 in 2019[20]. - The net cash flow from operating activities reached ¥363,122,862.47, marking a 101.15% increase from ¥180,520,749.60 in the previous year[20]. - The basic earnings per share for 2020 was ¥1.13, up 63.77% from ¥0.69 in 2019[20]. - The total assets at the end of 2020 amounted to ¥4,052,091,465.03, reflecting a 1.98% increase from ¥3,973,501,368.26 at the end of 2019[20]. - The net assets attributable to shareholders increased by 25.88% to ¥2,324,035,133.37 from ¥1,846,220,093.87 in 2019[20]. - The company reported non-recurring gains of ¥157,795,115.52 in 2020, compared to ¥10,531,927.51 in 2019[25]. - The company maintained a weighted average return on equity of 21.90% in 2020, up from 15.58% in 2019[20]. - The company's total revenue for 2020 was approximately 2.98 billion yuan, representing a year-on-year increase of 12.44% from 2.65 billion yuan in 2019[53]. - Revenue from the banking sector accounted for 90.18% of total revenue, increasing by 16.40% year-on-year, while revenue from non-bank financial institutions decreased by 7.08%[53]. Dividends and Capital Management - The company reported a cash dividend of 2.7 yuan per 10 shares (including tax) based on a total of 413,365,200 shares[4]. - The company plans to increase its capital reserve by converting 6 shares for every 10 shares held by shareholders[4]. - The total cash dividend amount for the year is 111,608,604 yuan, which accounts for 24.64% of the net profit attributable to shareholders[135]. - The total distributable profit for the year is 830,325,614.79 yuan, with cash dividends representing 100% of the profit distribution[133]. - The company has maintained a consistent cash dividend policy over the past three years, with cash dividends of 60,001,500 yuan in 2018 and 80,002,000 yuan in 2019[135]. Risk Management - The company acknowledges various risks including market competition, customer concentration, and regulatory risks[4]. - The company emphasizes the importance of maintaining the quality of technology and product development to mitigate risks[4]. - The company has established a comprehensive risk management framework to address potential operational challenges[4]. - The company faces market competition risks due to increasing demand for IT services and the entry of new competitors[121]. - Regulatory changes could impact the company’s innovative business models, posing a risk to its performance[125]. Research and Development - The company’s R&D investment has been continuously increased, contributing to improved product standardization and project management[42]. - R&D investment for 2020 was CNY 31,349.25 million, a 14.20% increase from the previous year[46]. - The company reported a 21.02% increase in labor costs within the banking sector, totaling 1,179,121,473.55 CNY[57]. - Research and development expenses reached 313,492,524.87 yuan, reflecting a 14.20% increase compared to the previous year, driven by ongoing investment in R&D and new share-based payment for R&D personnel[67]. - The number of R&D personnel decreased to 1,014 in 2020, accounting for 9.39% of the total workforce, down from 12.00% in 2019[92]. Market Expansion and Client Relationships - The company has a strong focus on expanding its market presence and enhancing its technological capabilities[4]. - The company serves a diverse client base, including major banks and non-bank financial institutions, leveraging its leading position in financial technology solutions[29]. - The company has established long-term stable relationships with over 100 regional commercial banks and rural credit cooperatives, enhancing its brand reputation in the industry[30]. - The company is actively expanding into the Southeast Asian market, aiming for breakthroughs through close collaboration with long-term partners[120]. - The company plans to enhance sales and market share among major clients, positioning this as a cornerstone for business development[120]. Technological Innovations - The company is actively pursuing new product development and technological innovations to drive future growth[4]. - The company launched a family of 23 data middle platform products, covering all processes of the data lifecycle[46]. - The company launched a new generation unified development platform (YUDP) that supports cloud-native and domestic innovation capabilities, enhancing its service offerings to nearly 200 financial institutions[68]. - The rapid development platform YUXP allows for quick application generation with minimal coding, significantly reducing development costs and time for various business management systems[71]. - The company is leveraging financial technology, including big data and AI, to enhance risk control and operational efficiency[82]. Corporate Governance and Compliance - The company is committed to ensuring the accuracy and completeness of its financial reports as stated by its management[3]. - The company has appointed Lixin Certified Public Accountants as its auditing firm for the reporting period[19]. - The company has confirmed that all documents and information provided for the public offering are true, accurate, complete, and timely[141]. - The company has not faced any delisting situations following the annual report disclosure[150]. - The company has made a commitment to not unfairly benefit other parties or harm its own interests during the convertible bond issuance period[143]. Social Responsibility - The company emphasized its commitment to social responsibility, providing pandemic relief supplies to multiple schools[192]. - The company established two "Yuxin Classes" to support 100 impoverished high school students with one-on-one assistance[192]. - The company does not belong to the key pollutant discharge units published by the environmental protection department[194].

Financial Performance - Operating revenue for the quarter was CNY 544,822,801.33, a 14.40% increase year-on-year[7] - Net profit attributable to shareholders decreased by 17.25% to CNY 7,075,844.48 compared to the same period last year[7] - Basic earnings per share decreased by 17.29% to CNY 0.0177 for the quarter[7] - The company reported a 98.71% decrease in net profit after deducting non-recurring gains and losses, amounting to CNY 102,722.03[7] - The weighted average return on equity was 0.32%, a decrease of 0.19% compared to the same period last year[7] - Net profit attributable to shareholders for the first nine months of 2020 was CNY 136.51 million, a 52.42% increase compared to the same period last year[19] - The company reported a net profit of 822,673,728.90, compared to 745,388,479.89 in the previous year, reflecting an increase of about 10.4%[56] - The company reported a total comprehensive income of ¥130,396,821.32 for the current period, compared to ¥85,245,583.31 in the previous period, indicating an increase of approximately 53.00%[76] Assets and Liabilities - Total assets increased by 6.68% to CNY 4,239,113,038.04 compared to the end of the previous year[7] - Total current liabilities decreased to ¥1.05 billion from ¥1.20 billion, indicating a reduction of approximately 12.5%[52] - The total liabilities decreased to 1,991,028,486.06 from 2,065,758,515.84, reflecting a reduction of approximately 3.6%[56] - The total assets as of September 30, 2020, amounted to 3,541,830,444.08, compared to 3,062,877,734.84 at the end of 2019, indicating a year-over-year increase of about 15.6%[59] - The company’s total assets increased to ¥3,500,000,000, up from ¥3,200,000,000, representing a growth of approximately 9.38%[72] - The total liabilities amounted to ¥2,065,758,515.84, a slight decrease from ¥2,071,137,890.41, reflecting a reduction of ¥5,379,374.57[97] Cash Flow - Net cash flow from operating activities decreased by 54.15% to CNY 50,895,286.54 compared to the same period last year[7] - Cash flow from operating activities showed a net outflow of 25,056.77 million RMB, a reduction of 42.73% compared to the previous year[26] - Cash inflow from financing activities decreased by 70.39% to 6,899.46 million RMB, primarily due to higher repayments of borrowings during the reporting period[26] - The net cash flow from operating activities was negative at approximately -¥250.57 million, an improvement from -¥437.53 million in the same quarter last year[83] - Cash inflow from investment activities was approximately ¥87.46 million, down from ¥814.58 million in the previous year, indicating a decrease of about 89.3%[85] Shareholder Information - The top shareholder, Zhuhai Yuqin Hongtai Information Consulting Co., Ltd., holds 30.08% of the shares, totaling 123,910,560 shares[10] - The company completed the registration of its 2020 restricted stock incentive plan, granting 11,979,200 shares to 421 eligible participants[27] - The company distributed a cash dividend of 1.50 CNY per 10 shares, totaling 60,001,500 CNY (including tax) for the 2019 fiscal year[38] - The company has approved a three-year shareholder dividend return plan for 2020-2022[39] Operational Highlights - The company's software development and service revenue increased by 20.27% year-on-year in Q3 2020[19] - The cumulative revenue from the company's operational business grew by 196.83% year-on-year for the first nine months of 2020, significantly contributing to gross profit[19] - The company's gross margin for software development and service business improved by 2.6 percentage points year-on-year due to enhanced product standardization and project management[19] - Research and development expenses increased to ¥90.46 million in Q3 2020, up from ¥75.23 million in the previous year, marking a rise of 20.2%[65] Future Outlook - Future outlook includes continued investment in technology and potential mergers and acquisitions to drive growth[46] - The company plans to raise up to RMB 1.5 billion through a private placement to fund projects including an online financial platform and AI-based analysis platform[32]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 1,077,341,295.20, representing a 0.98% increase compared to CNY 1,066,852,235.85 in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2020 was CNY 129,438,650.51, a significant increase of 59.77% from CNY 81,015,169.89 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was CNY 121,067,963.37, up 62.30% from CNY 74,594,912.86 year-on-year[21]. - The basic earnings per share for the first half of 2020 was CNY 0.32, reflecting a 60.00% increase from CNY 0.20 in the same period last year[21]. - The company achieved a revenue of 1.077 billion yuan, representing a year-on-year growth of 0.98%, with software development and service revenue increasing by 5.18% to 0.40 billion yuan[44]. - The company's net profit attributable to shareholders was 0.129 billion yuan, an increase of 59.77% compared to the previous year, driven by higher revenue from software development and operational efficiency improvements[45]. - The gross profit margin improved to 36.48%, up by 4.60 percentage points year-on-year, primarily due to a decrease in the proportion of lower-margin system integration services[45]. - The innovative operational business revenue surged by 164.63% year-on-year, amounting to an increase of 26.32 million yuan, reflecting strong demand for the company's financial ecosystem platform[47]. - The company reported a net increase in cash and cash equivalents of -¥558,693,365.72, reflecting a 7.86% increase in cash outflow compared to the previous period[55]. - The company reported a comprehensive income of CNY 125,734,926.58 for the first half of 2020, compared to CNY 70,292,640.96 in the same period of 2019[184]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 3,813,859,398.85, a decrease of 4.02% from CNY 3,973,501,368.26 at the end of the previous year[21]. - The net assets attributable to shareholders increased by 4.56% to CNY 1,930,404,404.31 from CNY 1,846,220,093.87 at the end of the previous year[21]. - Total liabilities amounted to CNY 1,723,197,660.60, an increase of 19.0% from CNY 1,447,028,756.18 year-on-year[181]. - Total equity increased to CNY 1,659,109,257.62, up from CNY 1,615,848,978.66, reflecting a growth of 2.7%[181]. - The balance of other equity investments increased to ¥175,864,777.31, up from ¥129,280,609.22, reflecting a growth of 36.06%[63]. - The company's cash and cash equivalents amounted to ¥1,452,669.60, which are restricted for use as deposits[65]. Cash Flow - The net cash flow from operating activities was negative at CNY -301,462,944.60, an improvement of 45.04% compared to CNY -548,533,599.20 in the same period last year[21]. - The cash flow from operating activities showed a net outflow of CNY -301,462,944.60, an improvement from CNY -548,533,599.20 in the first half of 2019[190]. - The total cash inflow from operating activities reached 1,340,563,385.34 yuan, up from 935,006,937.43 yuan year-over-year, reflecting a growth of approximately 43.4%[191]. - The company received 430,986,738.66 yuan in cash related to operating activities, which is a significant increase from 279,252,510.52 yuan in the previous year, showing a growth of about 54.4%[191]. Research and Development - The company emphasizes research and development, focusing on a customer-centric approach and continuously expanding its product offerings across various financial IT systems[36]. - The company maintained a stable R&D investment of 98.42 million yuan, despite a slight decrease due to project delays caused by the pandemic[47]. - Research and development expenses were ¥98,419,121.16, a decrease of 3.23% compared to the previous year[55]. Market Position and Strategy - The company is a leading provider of financial technology solutions, primarily serving banks and other financial institutions, with a comprehensive range of services including software development, system integration, and operational maintenance[28]. - The company has established long-term partnerships with major financial institutions, including the People's Bank of China and over 100 regional commercial banks, enhancing its brand reputation in the industry[30]. - The company maintains a strong competitive advantage due to its extensive experience in the banking IT sector, having served major state-owned and joint-stock banks for over 20 years[35]. - The company plans to enhance product R&D investment and deepen cooperation with Baidu to promote blockchain and financial industry solutions, including supply chain finance and compliance tokens[53]. - The company is focusing on a collaborative operating model with clients, leveraging its financial cloud services to drive future growth[47]. Risks and Challenges - The company faces various risks including market competition, customer concentration, and technology upgrade risks, which are detailed in the report[6]. - The company faces risks related to the rapid evolution of technology and product development, which could impact its ability to meet client demands[84]. - There is a risk of intellectual property infringement due to insufficient legal protections and awareness, which could adversely affect profitability and brand reputation[85]. - The company is experiencing high personnel turnover, which may affect its research and development capabilities and overall market competitiveness[86]. - Regulatory changes from the China Banking and Insurance Regulatory Commission could impact the company's innovative business models[88]. Shareholder Information - The total number of shares after the restricted stock grant is 411,989,200 shares[138]. - The total number of shareholders at the end of the reporting period is 14,367[143]. - The largest shareholder, Zhuhai Yuqinhongtai Information Consulting Co., Ltd., holds 30.98% of the shares, totaling 123,910,560 shares[143]. - The company did not distribute cash dividends, issue bonus shares, or increase share capital from capital reserves for the semi-annual period[94]. Other Information - The company did not have any major litigation or arbitration matters during the reporting period[98]. - The semi-annual financial report was not audited[96]. - The company has not reported any violations regarding external guarantees during the reporting period[123].

Financial Performance - Total revenue for Q1 2020 was ¥253,311,089.87, a decrease of 13.41% compared to ¥292,535,382.75 in the same period last year[8] - Net profit attributable to shareholders was ¥5,256,539.34, an increase of 433.30% from ¥985,667.30 in the previous year[8] - Basic earnings per share rose to ¥0.0131, reflecting a 424.00% increase from ¥0.0025 in the same period last year[8] - The company's total operating revenue for Q1 2020 was CNY 253.31 million, a decrease of CNY 39.22 million or 13.41% compared to the same period last year, primarily due to the impact of the COVID-19 pandemic[20] - The net profit attributable to shareholders was CNY 5.26 million, an increase of CNY 4.27 million or 433.30% year-on-year, mainly due to a slight increase in gross profit despite a decrease in revenue[20] - The company reported a net profit of ¥751,410,039.29 as of March 31, 2020, compared to ¥745,388,479.89 in the previous year, indicating a marginal increase[60] - The company reported a net profit of CNY 2,699,647.84, compared to a net loss of CNY 4,946,785.42 in the previous period[73] Cash Flow and Liquidity - The net cash flow from operating activities was -¥337,135,733.45, a decline of 5.26% compared to -¥320,303,567.29 in the previous year[8] - The company's cash and cash equivalents decreased by 66.28% to CNY 343.11 million, attributed to the concentration of cash receipts at year-end and monthly labor cost payments[21] - Cash flow from operating activities showed a net outflow of ¥337,135,733.45, compared to a net outflow of ¥320,303,567.29 in the previous period, indicating a worsening cash flow situation[87] - The ending balance of cash and cash equivalents was ¥342,919,900.32, down from ¥392,571,403.89, showing a decrease in liquidity[90] - The net cash increase for the period was -¥133,957,715.61, compared to -¥327,804,565.50 in the previous period, indicating a smaller decline in cash reserves[94] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,560,754,967.05, down 10.39% from ¥3,973,501,368.26 at the end of the previous year[8] - The company's total assets decreased compared to the end of the previous year, mainly due to monthly labor cost payments and bank loan repayments[20] - Total current assets decreased to ¥1,957,267,034.31 from ¥2,404,427,126.82, a decline of about 18.5%[51] - Total liabilities decreased to ¥1,660,242,213.32 from ¥2,065,758,515.84, a reduction of about 19.6%[57] - The company's total equity decreased to ¥1,900,512,753.73 from ¥1,907,742,852.42, a slight decrease of about 0.7%[60] Operational Impact and Strategy - The company faced operational impacts due to the COVID-19 pandemic but maintained focus on strategic development and financial management to maximize asset returns[32] - The company aims to continue investing in talent, technology, and products, focusing on a business model that integrates traditional business, innovative operations, and overseas business[27] - The company has resumed operations close to normal levels and plans to seize industry development opportunities[27] - The company is actively managing risks related to market competition, technology development, and the ongoing pandemic[32] Shareholder Information - The top shareholder, Zhuhai Yuqin Hongtai Information Consulting Co., Ltd., held 30.98% of shares, totaling 123,910,560 shares[12] - The total number of ordinary shareholders at the end of the reporting period was 12,141[12] Research and Development - Research and development expenses were CNY 36,093,897.54, slightly up from CNY 35,968,031.16, indicating a focus on innovation[70] - The company continues to prioritize R&D spending and new product development despite the pandemic challenges[32] Investment Activities - The company reported a significant increase in other income, which rose by 221.15% to CNY 3.69 million, primarily due to VAT input tax deductions and increased government subsidies[23] - Investment income decreased by 57.77% to CNY 4.56 million, mainly due to the performance decline of invested enterprises affected by the pandemic[23] Regulatory and Compliance - The company applied for an extension to submit feedback to the China Securities Regulatory Commission (CSRC) regarding the administrative licensing project due to pandemic-related delays[33] - The company plans to issue convertible bonds with a total amount not exceeding RMB 688.15 million, with the process delayed due to the pandemic[33] - The first quarter report was not audited[109] - The company implemented new revenue and lease standards starting in 2020, with retrospective adjustments to prior comparative data[109]

Revenue and Financial Performance - The company reported a revenue of 1.5 billion RMB for the fiscal year, representing a 20% increase year-over-year[21]. - The company's operating revenue for 2019 was ¥2,651,726,752.49, representing a 23.88% increase compared to the previous year[29]. - The net profit attributable to shareholders for 2019 was ¥274,181,197.42, reflecting a 40.16% increase year-over-year[29]. - The company's operating revenue reached 2.652 billion yuan, an increase of 23.88% year-on-year, with software development and service revenue growing by 21.27% to 1.59 billion yuan[56]. - The company's comprehensive gross margin improved to 35.00%, up 2.26 percentage points from the previous year, driven by significant growth in the innovative operation business with a gross margin of 84.16%[56]. - The innovative business generated revenue of 76.05 million yuan, a substantial increase of 561.73% year-on-year, contributing to the company's overall growth[57]. - The company reported a significant increase in revenue from the East China region, which grew by 55.76% year-on-year, reaching ¥548,726,295.29[69]. - The company's revenue from the banking sector amounted to ¥2,308,375,231.05, with a year-on-year growth of 32.62% and a gross margin of 33.93%[67]. Seasonal Revenue Patterns - In 2019, the company's fourth-quarter revenue was 1,108.62 million yuan, representing 41.81% of the total annual revenue, indicating a seasonal revenue pattern[10]. - The company reported that its revenue is heavily weighted towards the fourth quarter due to the procurement processes of banking clients, leading to seasonal fluctuations in profitability[10]. - The net profit attributable to shareholders for the fourth quarter was ¥184,615,306.83, reflecting a seasonal revenue pattern where the fourth quarter typically sees higher earnings due to IT procurement processes in financial institutions[66]. Market Position and Competition - The company has established a stable market position in the banking IT sector, but increasing competition may pose risks to its market share[3]. - The company has maintained the number one market share in China's banking IT solutions for seven consecutive years, particularly in online banking, credit management, and risk management[48]. - The company is recognized as a leading provider of IT solutions in the banking sector, consistently ranked at the top since 2010 according to IDC reports[40]. Investment and Growth Strategies - The company plans to distribute a cash dividend of 1.50 yuan per 10 shares (before tax) based on a total of 400,010,000 shares[12]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2025[21]. - The company completed an acquisition of a smaller tech firm for 500 million RMB to enhance its service offerings[21]. - The company plans to invest 100 million RMB in sustainability initiatives over the next three years[21]. - The company has begun expanding into overseas markets since the second half of 2019, facing risks associated with unfamiliar regulatory and cultural environments[12]. Research and Development - Research and development expenses increased by 30%, totaling 300 million RMB, focusing on AI technologies[21]. - The company's R&D investment reached 274.5 million yuan, an increase of 49.08% compared to the previous year[59]. - The number of R&D personnel grew to 1,086 in 2019, accounting for 12.00% of the total workforce, compared to 8.06% in 2018[84]. - The company emphasizes a "R&D + product + service" model to meet the personalized needs of clients, focusing on software customization and system integration[41]. Risk Management - The company reported a significant revenue concentration risk, with income from banking clients accounting for a high proportion of total revenue, which may impact business development if banking clients' operational conditions change[3]. - The company faces risks related to technology and product development, as rapid changes in IT technology could affect its ability to meet evolving customer demands[6]. - The company acknowledges the potential impact of regulatory changes on its innovative business models, which differ from traditional banking IT services[11]. - The company emphasizes the importance of maintaining a high-quality talent pool to mitigate risks associated with employee turnover and competition for skilled personnel[8]. Financial Health and Cash Flow - The net cash flow from operating activities for 2019 was ¥180,520,749.60, showing a 5.62% increase from the previous year[29]. - Cash and cash equivalents at the end of 2019 amounted to ¥1,017,639,287.34, representing 25.61% of total assets[99]. - The net cash flow from financing activities grew by 46.59% year-on-year, reflecting the need for increased funding due to rapid business development and external investments[96]. - The company has a total of 50,221.22 million in guarantees for subsidiaries with debt ratios exceeding 70%[186]. Corporate Governance and Compliance - The company is committed to ensuring the accuracy and completeness of its financial reports, with all board members present for the report's review[3]. - The company has fulfilled its shareholding commitments made during the asset restructuring, with a completion date of November 6, 2019[137]. - The company has a structured plan for shareholder returns over the next three years following its IPO[143]. - The company has confirmed that all documents and information provided for the public offering are true, accurate, complete, and timely, and will bear legal responsibility for any misrepresentation[148]. Social Responsibility - The company has actively engaged in social responsibility initiatives, promoting harmony between the company and society[197]. - The company has established "Yuxin Classes" in two high schools, assisting 111 impoverished students with one-on-one support[197]. - The company made donations to multiple schools, providing educational materials and support to underprivileged students[197].

Financial Performance - Operating revenue for the reporting period was ¥476,255,832.31, representing a year-on-year increase of 56.68%[9] - Net profit attributable to shareholders was ¥8,550,720.70, a decrease of 42.47% compared to the same period last year[9] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥7,973,834.13, an increase of 5.33% year-on-year[9] - Basic earnings per share for the reporting period was ¥0.02, down 50.00% year-on-year[9] - The net profit attributable to shareholders for Q3 2019 decreased by 42.47% year-on-year, primarily due to a decline in investment income from joint ventures and significant non-recurring losses from equity disposals[24] - The net profit excluding non-recurring gains and losses for the first nine months of 2019 was estimated at CNY 82.57 million, reflecting a year-on-year growth of 24.30%[24] - The total comprehensive income for the current period was ¥5,752,351.32, compared to ¥15,514,367.82 in the previous period, reflecting a decrease of approximately 63.0%[66] - The net profit for the current period was ¥34,167,976.15, compared to a net loss of ¥13,903,017.03 in the previous period, indicating a turnaround in profitability[73] - The net profit for the year-to-date period was ¥80,365,299.56, compared to ¥75,711,367.58 in the previous year, showing a growth of approximately 6.9%[79] Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,497,090,488.97, an increase of 7.81% compared to the end of the previous year[9] - Total liabilities reached CNY 1,775,497,427.86, up from CNY 1,520,515,686.13, indicating an increase of around 16.76%[45] - Current liabilities rose to CNY 1,412,492,463.72, compared to CNY 1,250,246,217.50, reflecting an increase of about 12.97%[45] - Long-term borrowings increased to CNY 362,902,094.29 from CNY 270,269,468.63, marking a growth of approximately 34.3%[45] - Non-current assets totaled CNY 1,374,703,201.51, up from CNY 1,068,013,211.00, indicating a growth of approximately 28.6%[42] - Total liabilities increased to ¥1,889,448,481.37 from ¥1,651,836,357.42, marking an increase of about 14.4%[58] - The company has a total equity of approximately CNY 1.72 billion, with retained earnings of CNY 577.89 million[116] Cash Flow - The net cash flow from operating activities was -¥437,529,893.69, a decrease of 65.37% compared to the same period last year[9] - Cash flow from operating activities showed a net outflow of CNY 43,752.99 million, a 65.37% increase in outflow compared to the previous year, mainly due to increased payroll expenses and high prepayments for procurement[29] - Cash flow from sales of goods and services was 1,267,583,728.77 CNY, compared to 872,799,225.44 CNY in the previous period, representing a growth of approximately 45%[100] - The cash inflow from investment activities totaled ¥814,577,005.77, compared to ¥280,565,989.93 in the previous period, indicating a significant increase[95] - The net cash flow from financing activities was -155,553,537.50 CNY, slightly worse than -145,177,054.17 CNY in the previous period[106] Research and Development - Research and development expenses for the first nine months of 2019 rose by 69.40% compared to the previous year[24] - R&D expenses surged by 69.40% to CNY 17,694.16 million, reflecting increased investment in long-term development to enhance core competitiveness[26] - Research and development expenses for the current period were ¥75,233,433.10, up from ¥42,857,531.06 in the previous period, indicating an increase of about 75.5%[59] - Research and development expenses increased to ¥94,761,281.56 from ¥60,371,581.64, reflecting a rise of approximately 57%[86] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,395[13] - The largest shareholder, Zhuhai Yuqin Hongtai Information Consulting Co., Ltd., holds 30.98% of the shares[13] - The company's equity attributable to shareholders rose to CNY 1,667,668,602.09 from CNY 1,664,287,965.34, showing a slight increase of about 0.14%[48] Other Financial Metrics - The weighted average return on net assets was 0.51%, a decrease of 0.67% compared to the previous year[9] - The company reported non-recurring gains totaling ¥6,997,143.60 for the period[12] - The company reported a decrease in financial expenses to ¥13,176,076.01 from ¥14,975,064.87, a reduction of about 12%[86] - The company received 600,000,000.00 CNY related to other investment activities, a significant increase from 130,000,000.00 CNY in the previous period[103]

Financial Performance - The company reported a significant increase in revenue for the first half of 2019, with total revenue reaching 500 million RMB, representing a 20% year-over-year growth[14]. - Total revenue for the reporting period reached ¥1,066,852,235.85, representing a 40.64% increase compared to the same period last year[22]. - Net profit attributable to shareholders was ¥81,015,169.89, reflecting a 20.45% increase year-over-year[22]. - The company's revenue for the reporting period reached 1.067 billion RMB, a year-on-year increase of 40.64%[49]. - Revenue for the last quarter reached 1.2 billion, representing a 15% increase compared to the previous quarter[185]. - The company has set a future outlook with a revenue guidance of 1.5 billion for the next quarter, indicating a projected growth of 25%[185]. - The company reported a net profit margin of 12%, up from 10% in the previous quarter, reflecting improved operational efficiency[186]. User Growth and Market Expansion - User data showed an increase in active users, with the total number of users growing to 1.2 million, up 15% compared to the previous year[14]. - The company reported a significant increase in user data, with a year-over-year growth of 25% in active users[184]. - Market expansion plans include entering three new regions, which are projected to increase market share by 10%[184]. - The company is considering strategic acquisitions to enhance its product offerings, with a target of acquiring two companies by the end of the year[185]. Product Development and R&D - New product development includes the launch of a cloud-based service platform, which is expected to contribute an additional 100 million RMB in revenue by the end of 2019[14]. - The company is investing in R&D, allocating 10% of its revenue to develop new technologies and improve existing products[14]. - The company is investing heavily in R&D, with a budget allocation of 150 million for new technology development[185]. - New product launches are expected to contribute an additional 200 million in revenue over the next fiscal year[184]. Financial Strategy and Investments - The company has set a revenue guidance for the second half of 2019, projecting a growth rate of 25% year-over-year, aiming for a total revenue of 625 million RMB[14]. - No cash dividends will be distributed to shareholders for this fiscal year, as the company plans to reinvest profits into growth initiatives[6]. - The company plans to enhance its technological capabilities by unifying all business lines under a new platform, aiming for comprehensive internal technical management and tools[62]. - The company aims to integrate its ecosystem through investments, acquisitions, and strategic partnerships to build a sustainable competitive advantage[62]. Operational Challenges and Risks - The company has identified risks including market competition and technology upgrades, and is implementing measures to mitigate these risks[6]. - The financial industry is facing challenges due to tightening policies and increased competition, necessitating a transformation in banking operations[35]. - The company faces significant market competition risks due to increasing demand for IT services and the entry of new competitors, which may affect its market position if it fails to enhance its technical capabilities[111]. - The company is at risk of technological upgrades and iterations, as the fast-paced evolution of software development tools and operating systems requires continuous adaptation to meet the banking industry's shift towards data-driven and intelligent solutions[114]. Subsidiary Performance - The subsidiary Xiamen Yuxin achieved an operating income of 165,333,229 RMB and a net profit of 7,658,651.88 RMB[107]. - Zhuhai Yuxin Yicheng Technology Co., Ltd. generated an operating income of 189,322,683.98 RMB and a net profit of 10,373,326.37 RMB[109]. - Tianjin Yuxin Yicheng Technology Co., Ltd. reported a net profit of 7,368,266.67 RMB, contributing positively to the overall performance[109]. - The company anticipates continued growth in its key subsidiaries, particularly in technology development and services[110]. Compliance and Governance - The company’s management emphasizes the importance of maintaining accurate financial reporting and transparency in its operations[4]. - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of listing, ensuring compliance with the lock-up agreement[128]. - The company will fulfill its disclosure obligations as per the Company Law and Securities Law, ensuring transparency in its operations[139]. - The company has made commitments to shareholders regarding stock transfer restrictions, which have been adhered to[161].