Financial Performance - Total revenue for Q1 2018 was ¥54,938,383.59, a decrease of 10.13% compared to ¥61,132,719.13 in the same period last year[8] - Net profit attributable to shareholders was -¥25,084,680.81, representing a significant decline of 89,383.15% from ¥28,095.65 in the previous year[8] - The first quarter of 2018 saw a significant decline in net profit compared to the first quarter of 2017, attributed to fewer new contracts and increased expenses for innovation[27] - The company's total comprehensive income for Q1 2018 was CNY -28,519,074.84, compared to CNY -192,747.25 in Q1 2017, showing a worsening of overall financial performance[57] - Basic and diluted earnings per share for Q1 2018 were both CNY -0.06, compared to CNY 0.00 in the same period last year[57] Cash Flow - The net cash flow from operating activities was -¥168,033,155.62, which is a 109.14% increase in negative cash flow compared to -¥80,345,200.70 last year[8] - The cash flow from operating activities was CNY 96,941,375.04, compared to CNY 135,904,634.29 in the previous period, indicating a decrease in cash inflow[62] - Total cash inflow from operating activities was 101,882,919.41 CNY, down from 139,308,098.81 CNY, representing a decrease of about 26.8%[63] - The total cash and cash equivalents decreased by 512,383,212.86 CNY during the period, compared to a decrease of 81,862,456.59 CNY in the previous period[64] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,515,266,059.04, down 7.89% from ¥1,645,026,121.93 at the end of the previous year[8] - Current assets totaled CNY 1,316,942,184.45, down from CNY 1,440,737,371.56 at the beginning of the period[51] - Total liabilities decreased to CNY 372,775,596.99 from CNY 474,016,585.04[49] - Owner's equity totaled CNY 1,142,490,462.05, down from CNY 1,171,009,536.89[50] Revenue Concentration and Client Dependency - The company relies heavily on a few major clients, with over 80% of revenue coming from customized software development for State Grid and Southern Grid, indicating a risk of dependency[11] - The top five customers accounted for 54.06% of total sales in the first quarter of 2018, up from 35.63% in the same period of 2017[28] Expenses and Cost Management - Total operating costs increased to CNY 103,402,733.96 compared to CNY 69,119,634.85 in the previous period[55] - Sales expenses increased by 34.38% compared to the previous period, mainly due to increased marketing costs during the reporting period[25] - Management expenses rose by 46.64% year-on-year, primarily due to increased investment in new business research and development[25] - Financial expenses increased by 63.93% compared to the previous period, mainly due to a decrease in bank deposit interest income[25] Investment and R&D - The company maintains a commitment to R&D, with annual R&D expenses consistently around 10% of total revenue, aiming to foster innovation and maintain industry leadership[14] - Investment income grew by 102.40% compared to the previous period, mainly due to increased net profit from the joint venture, Bangdao Technology[25] Market Strategy and Future Plans - The company plans to expand into new markets, including local power companies, overseas power markets, and gas industry markets, to reduce reliance on major clients[11] - The company anticipates potential net losses in the first three quarters due to seasonal revenue concentration in the fourth quarter[40] Shareholder Information - The top ten shareholders hold significant stakes, with Yue Qi Capital owning 24.02% and Wuxi Puhua Equity Investment Partnership holding 20.22%[19] - The total number of ordinary shareholders at the end of the reporting period was 21,094[19] Compliance and Governance - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of its initial public offering[32] - The company has fulfilled its commitments to minority shareholders on time[34] - There are no non-operating fund occupations by controlling shareholders or related parties reported during the period[42]

Revenue and Market Expansion - The company's main revenue comes from customized software development for State Grid and Southern Grid, accounting for over 80% of the main business revenue during the reporting period [5]. - The company plans to actively expand into the gas industry market, local power companies, overseas power markets, and other innovative business markets to reduce reliance on a few major clients [6]. - Custom software development revenue constitutes over 80% of total revenue, while operation and maintenance service revenue accounts for approximately 10% [37]. - The company is actively expanding into new markets, including local and overseas electricity markets, with positive progress reported [46]. - The company currently relies heavily on a few major clients, with over 80% of its main business revenue coming from customized software development for State Grid and Southern Grid, which poses a risk if these clients alter their investment plans [94]. - The company plans to actively explore new markets, including local power companies, overseas electricity markets, and the gas industry, to reduce dependency on a limited number of clients [95]. Financial Performance - The company's operating revenue for 2017 was approximately ¥782.94 million, representing a 4.46% increase compared to ¥749.51 million in 2016 [29]. - The net profit attributable to shareholders for 2017 was approximately ¥139.14 million, an increase of 13.97% from ¥122.09 million in the previous year [29]. - The net profit after deducting non-recurring gains and losses was approximately ¥110.71 million, up 14.06% from ¥97.06 million in 2016 [29]. - The total assets at the end of 2017 reached approximately ¥1.65 billion, a 47.80% increase from ¥1.11 billion at the end of 2016 [29]. - The net assets attributable to shareholders increased by 43.07% to approximately ¥1.16 billion from ¥809.60 million in 2016 [29]. - The basic earnings per share for 2017 was ¥0.37, an increase of 8.82% compared to ¥0.34 in 2016 [29]. - The company reported a weighted average return on equity of 14.70% for 2017, down from 15.40% in the previous year [29]. - The company achieved total operating revenue of CNY 782,935,041.04, representing a year-on-year growth of 4.46% [46]. - The net profit attributable to shareholders reached CNY 139,136,836.46, reflecting a year-on-year increase of 13.97% [46]. - The company reported a net profit of approximately ¥122.09 million for the year 2017, reflecting a significant increase compared to previous periods [113]. Research and Development - R&D expenses have consistently accounted for around 10% of total revenue, supporting the company's reputation for technological leadership and business innovation [10]. - The company maintains a consistent R&D investment of around 10% of total revenue, ensuring its leading position in the public utility information technology solutions sector [43]. - The company is committed to increasing its research and development investments to maintain its leading position in technology and services within the electricity sector [95]. - Research and development investments increased by 10%, totaling 200 million, aimed at advancing technology in financial services [181]. - The company plans to maintain a research and development expenditure of approximately 10% of total revenue annually to support innovation and maintain industry leadership [96]. Cash Flow and Assets - The net cash flow from operating activities for 2017 was approximately ¥48.71 million, a decrease of 9.21% from ¥53.66 million in 2016 [29]. - Cash and cash equivalents increased by 129.33% compared to the beginning of the period, mainly due to funds raised from public stock issuance and equity incentives [40]. - The company achieved a positive operating cash flow of ¥48,710,000 during the reporting period, continuing to strengthen accounts receivable collection efforts [47]. - The company reported a total of 61.365 billion in financial assets, with a weighted average return of 4.70% [147]. - The total number of shares increased from 360 million to 416.76 million after the issuance of 45 million new shares during the IPO on August 1, 2017 [149]. Strategic Initiatives and Future Outlook - The company aims to enhance its core business through technological and business innovation, while also focusing on expanding its innovative business segments to capture new growth opportunities in 2018 [93]. - The company is focused on optimizing its business structure and improving employee productivity to mitigate rising labor costs [97]. - The company is exploring strategic acquisitions to bolster its market position, with discussions ongoing for potential targets in the fintech sector [181]. - The company is focusing on market expansion, targeting Southeast Asia with plans to enter three new countries by the end of 2024 [181]. - The company emphasized its commitment to sustainability, with plans to reduce carbon emissions by 30% over the next five years [181]. Governance and Compliance - The company has not reported any major litigation or arbitration matters during the reporting period [117]. - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties during the reporting period [111]. - The company has not faced any penalties from securities regulatory authorities in the past three years [186]. - The company emphasizes compliance with laws and regulations to protect shareholder rights and enhance employee welfare [140]. - The board of directors consists of 10 members, including 4 independent directors, ensuring compliance with governance regulations [199]. Employee and Management - The total number of employees in the company is 1,792, with 1,752 in the parent company and 40 in major subsidiaries [190]. - The company has established a compensation incentive system that aligns responsibility with benefits, capability with value, risk with return, and performance with income [192]. - The total remuneration for directors and senior management during the reporting period amounted to CNY 3.75 million [187]. - The company has a structured decision-making process for determining the remuneration of directors and senior management [186]. - The company has maintained a stable management structure, with no significant changes in executive positions reported [173].

Financial Performance - Operating revenue for the current period was CNY 84,255,151.91, a slight increase of 0.61% year-on-year[8] - Net profit attributable to shareholders was a loss of CNY 18,754,205.48, down 22.19% compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 18,758,744.82, an increase of 9.07% year-on-year[8] - The weighted average return on net assets was -2.34%, a decrease of 6.15% compared to the same period last year[8] - Total operating revenue for the third quarter was CNY 84,255,151.91, compared to CNY 83,741,000.00 in the previous period[38] - Net profit for the period was a loss of CNY 19,483,466.18, compared to a loss of CNY 15,348,557.46 in the previous year[39] - The total operating revenue for the current period is CNY 211,586,801.58, a decrease of 4.0% compared to CNY 221,328,947.96 in the previous period[45] - The net profit for the current period is CNY -19,260,425.24, compared to CNY -69,966,565.44 in the previous period, indicating an improvement in performance[48] - Total comprehensive income for the current period is CNY -19,260,425.24, compared to CNY -69,966,565.44 in the previous period, indicating a significant reduction in losses[48] - Operating profit for the current period was -¥12,369,793.18, an improvement from -¥73,076,293.62 in the previous period[50] - Net profit for the current period was -¥13,467,419.81, compared to -¥64,964,562.24 in the previous period, indicating a significant reduction in losses[51] Assets and Liabilities - Total assets increased by 13.06% to CNY 1,258,387,645.40 compared to the end of the previous year[8] - The company's total assets reached CNY 1,316,991,519.18, up from CNY 1,159,186,068.75 at the beginning of the period[36] - Current liabilities totaled CNY 244,983,504.44, a decrease from CNY 274,389,934.20[36] - Cash and cash equivalents increased by 32.51% to ¥413,973,649.07 due to accelerated accounts receivable collection and fundraising[17] - Cash and cash equivalents rose to CNY 360,977,406.75 from CNY 257,206,353.19[34] - Accounts receivable decreased to CNY 414,335,467.81 from CNY 556,956,128.86[34] - Inventory rose by 148.07% to ¥205,259,360.91, attributed to increased investment in projects not meeting online conditions[17] - Accounts payable decreased by 45.78% to ¥56,192,931.61, due to increased payments for third-party procurement[17] - Prepayments rose by 141.36% to ¥28,112,575.88, driven by increased payments for third-party procurement[17] - Other receivables increased by 59.25% to ¥31,090,822.18, mainly due to increased bid guarantees[17] Investment and Financing - Long-term equity investments increased by 113.83% to ¥46,265,272.43, driven by profit growth from the joint venture Bandao Technology[17] - Investment income surged by 165.30% to ¥25,323,518.58, primarily due to increased profits from Bandao Technology[19] - The company reported an investment income of CNY 10,872,532.42, up from CNY 4,635,369.55 in the previous period[39] - Investment income for the current period is CNY 25,323,518.58, significantly higher than CNY 9,545,150.61 in the previous period, showing a growth of 165.5%[47] - Net cash flow from financing activities improved significantly by 858.52% to ¥200,679,300.00, reflecting the receipt of fundraising[20] - The company raised ¥200,679,300.00 from financing activities, contrasting with a cash outflow of -¥26,456,786.73 in the previous period[55] - The net cash flow from financing activities was 200,679,300.00 CNY, after deducting cash outflows of 26,456,786.73 CNY for dividend distribution and interest payments[57] Cash Flow - The company reported a net cash flow from operating activities of -CNY 91,916,227.56, a decrease of 33.58% year-on-year[8] - Cash flow from operating activities showed a net outflow of -¥91,916,227.56, an improvement from -¥138,395,795.65 in the previous period[54] - The net increase in cash and cash equivalents was ¥101,575,792.33, a 159.16% improvement due to faster accounts receivable collection and fundraising[20] - The ending balance of cash and cash equivalents was 360,977,406.75 CNY, up from 257,206,353.19 CNY at the beginning of the period[57] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 25,280[12] - The largest shareholder, Yue Qi Capital, holds 24.72% of the shares, totaling 100,096,560 shares[12] Cost Management - Total operating costs increased to CNY 116,251,270.49 from CNY 109,824,597.66 year-over-year[39] - The total operating costs for the current period amount to CNY 282,497,513.55, down from CNY 309,181,740.83, reflecting a reduction of 8.6%[45] - Sales expenses for the current period are CNY 46,012,931.59, a slight decrease from CNY 47,250,992.57, reflecting a cost control strategy[45] - The company experienced a decrease in management expenses from CNY 127,414,302.46 to CNY 117,006,365.55, a reduction of 8.5%[45] - The financial expenses for the current period are reported as CNY -3,417,774.91, showing a decrease compared to CNY -3,616,038.73 in the previous period[45] Goodwill and Other Assets - Goodwill increased by 32.64% to ¥31,208,835.09, resulting from the acquisition of a controlling subsidiary[17] Audit Information - The third quarter report was not audited[58]

Financial Performance - Total revenue for the first half of 2017 was CNY 127,331,649.67, a decrease of 7.45% compared to CNY 137,587,947.96 in the same period last year[20]. - Net profit attributable to shareholders was CNY 897,437.13, a significant increase of 101.64% from a loss of CNY 54,618,007.88 in the previous year[20]. - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -20,797,853.34, improving by 62.55% from CNY -55,529,798.19 year-on-year[20]. - The net cash flow from operating activities was CNY -92,572,955.07, an improvement of 22.77% compared to CNY -119,859,504.57 in the previous year[20]. - Basic earnings per share were CNY 0.0025, a turnaround from CNY -0.1517 in the same period last year, reflecting an increase of 101.65%[20]. - The total operating costs were ¥72,038,734.25, down 10.27% year-on-year[49]. - The net profit after deducting non-recurring gains and losses was -¥20,797,853.34, a year-on-year increase of 62.55%[49]. - The company reported a projected cumulative net profit loss of approximately RMB 12 million for the period from the beginning of the year to the next reporting period, representing an increase of 82.85% compared to the previous year's loss of RMB 8 million[71]. - The basic earnings per share are expected to be RMB -0.0324, which is an increase of 83.33% compared to the previous year's RMB -0.0216[71]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,024,690,847.51, down 7.93% from CNY 1,112,997,987.03 at the end of the previous year[20]. - Total liabilities decreased to CNY 209,821,915.61 from CNY 303,393,084.94, reflecting a reduction of about 30.9%[131]. - The company's equity increased slightly to CNY 814,868,931.90 from CNY 809,604,902.09, an increase of approximately 0.3%[132]. - The total liabilities of the company were CNY 213,677,310.71, with total equity amounting to CNY 865,189,392.39 as of the end of the reporting period[136]. Cash Flow - Cash and cash equivalents decreased by 97.96 million, a decline of 31.36%, due to increased operational investments[34]. - Cash collection improved significantly, with a year-on-year increase of over 30%[50]. - Operating cash inflow for the current period was CNY 281,980,558.74, up from CNY 197,822,545.57 in the previous period, representing a growth of approximately 42.5%[147]. - Cash outflow from operating activities totaled CNY 374,553,513.81, compared to CNY 317,682,050.14 in the prior period, indicating an increase of about 17.9%[147]. - The ending cash and cash equivalents balance was CNY 214,435,036.57, compared to CNY 152,739,326.35 at the end of the previous period, reflecting an increase of approximately 40.4%[148]. Market Position and Strategy - The company is focused on the utility sector, providing information technology and services primarily in the electricity sector, with applications in various areas including energy management and customer service[27]. - The ongoing electricity reform is anticipated to create significant market opportunities, leading to increased competition and a greater reliance on information technology for operational efficiency[32]. - The company plans to expand into new markets, including the Southern Power Grid and overseas markets, to reduce reliance on the State Grid[73]. - The company has established a leading position in the power marketing system business over 20 years, executing projects for 12 regional power marketing systems across 26 provincial companies of the State Grid[36]. Research and Development - The company has over 150 technical and R&D personnel with more than 10 years of experience, contributing to a stable core team that enhances long-term competitiveness[37]. - The company is committed to increasing R&D investment to maintain its competitive edge in the power sector and related technologies[79]. - The company has developed a unique project lifecycle management system, enabling effective management of nearly 1,000 projects annually, focusing on revenue realization, quality assurance, and customer satisfaction[41]. Risks and Challenges - The company relies heavily on the State Grid Corporation, with over 80% of its revenue derived from this client, indicating a significant dependency risk[72]. - The company is facing risks from intensified industry competition, which could lead to a potential 50% decrease in operating profit compared to the previous year if competitive advantages are not maintained[79]. - The company is actively tracking and adapting to changes in industry policies to mitigate risks associated with potential regulatory adjustments[76]. Corporate Governance - The company did not distribute cash dividends or issue bonus shares during the reporting period[6]. - The half-year financial report was not audited, indicating a lack of external verification for the reported figures[86]. - The financial report was approved by the board on August 29, 2017, indicating the company's commitment to transparency and governance[167]. Intellectual Property - As of the end of the reporting period, the company holds 20 registered trademarks, 113 software copyrights, and 16 patents, reflecting its commitment to intellectual property development[45][46][47].