Financial Performance - Operating revenue for the reporting period was CNY 95,411,294.14, representing a year-on-year increase of 36.84%[9] - Net profit attributable to shareholders was CNY 14,679,693.13, an increase of 8.91% compared to the same period last year[9] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 14,602,926.92, up 8.33% year-on-year[9] - Basic earnings per share were CNY 0.0929, down 51.96% compared to the same period last year[9] - The weighted average return on equity was 3.99%, a decrease of 4.01% compared to the previous year[9] - The total operating revenue for the third quarter was CNY 95,411,294.14, an increase from CNY 69,725,192.86 in the previous period[35] - The net profit for the period was CNY 14,513,829.21, up from CNY 13,479,002.01 year-over-year[37] - The company's operating revenue for the current period reached ¥93,009,483.78, representing an increase of 39.0% compared to ¥66,893,386.91 in the previous period[40] - Operating profit for the current period was ¥14,475,738.33, up from ¥12,185,987.13, reflecting a growth of 18.8%[41] - Net profit for the current period was ¥15,042,505.70, compared to ¥12,728,476.50 in the previous period, indicating an increase of 18.2%[41] - The total comprehensive income for the current period was ¥15,042,505.70, compared to ¥12,728,476.50, showing an increase of 18.2%[42] Assets and Liabilities - Total assets at the end of the reporting period were CNY 526,239,660.96, a decrease of 13.22% compared to the previous year-end[9] - The company's total assets decreased to CNY 512,281,969.68 from CNY 603,720,461.18 at the beginning of the period[33] - The total liabilities decreased to CNY 135,950,216.27 from CNY 224,616,923.63 at the beginning of the period[33] - Cash and cash equivalents decreased by 60.22% from CNY 316,170,312.69 to CNY 125,764,686.38 due to repayment of short-term bank loans and payment of goods[17] - Cash and cash equivalents at the end of Q3 2018 totaled CNY 122,073,107.26, compared to CNY 24,603,299.38 at the end of Q3 2017, showing a significant increase[54] - The total cash and cash equivalents at the end of the period were 116,393,363.10, down from 300,838,923.31 at the beginning of the period[58] Cash Flow - The company reported a net cash flow from operating activities of CNY -93,938,620.85 for the year-to-date, a decrease of 5.78%[9] - Cash received from sales increased by 62.42% from CNY 96,796,852.57 to CNY 157,212,651.95, driven by higher sales collections[20] - Cash paid for purchasing goods increased by 43.66% from CNY 86,641,260.54 to CNY 124,472,452.81, reflecting higher payment for goods[20] - Cash paid for fixed assets acquisition surged by 8338.76% from CNY 313,266.99 to CNY 26,435,850.11, due to increased fixed asset purchases and the Yongxing project[20] - The cash flow from operating activities showed a net outflow of CNY 93,938,620.85 in Q3 2018, slightly improved from a net outflow of CNY 99,698,528.84 in Q3 2017[53] - The net cash flow from financing activities was -65,765,167.17, a decrease compared to 10,360,519.96 in the previous period[58] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,716[13] - The top shareholder, Fei Yaoping, holds 8.80% of the shares, totaling 13,909,204 shares[13] - The company did not engage in any repurchase transactions during the reporting period[14] Inventory and Receivables - Accounts receivable increased by 30.26% from CNY 106,812,607.61 to CNY 139,137,113.86, primarily due to increased revenue[17] - Inventory rose by 59.99% from CNY 67,578,474.64 to CNY 108,116,644.53, mainly due to an increase in work-in-progress[17] - Long-term receivables surged by 226.12% from CNY 7,860,000.00 to CNY 25,632,724.00, attributed to the advancement of the Yongxing project[17] - Other receivables increased by 78.27% from CNY 12,193,218.50 to CNY 21,736,845.09, mainly due to increased guarantee deposits[17] - Accounts receivable increased to CNY 145,640,078.23 from CNY 108,368,558.74, indicating a growth in sales[32] - Inventory levels rose to CNY 103,754,450.79 from CNY 65,725,202.39, suggesting increased stock[32] Research and Development - Research and development expenses were CNY 4,453,725.33, compared to CNY 4,003,568.01 in the previous period, indicating a focus on innovation[35] - Research and development expenses increased to ¥4,265,398.41 from ¥3,837,250.28, marking a rise of 11.2%[40] Market Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[41]

Financial Performance - Total revenue for the first half of 2018 was CNY 70,624,845.42, representing a 19.93% increase compared to CNY 58,888,531.65 in the same period last year[19]. - Net profit attributable to shareholders was a loss of CNY 10,841,094.57, which is an 8.27% increase in loss compared to a loss of CNY 10,013,027.33 in the previous year[19]. - The net cash flow from operating activities was a negative CNY 100,422,912.39, a decline of 25.24% from a negative CNY 80,183,362.80 in the same period last year[19]. - Basic and diluted earnings per share were both CNY -0.07, improving by 50.00% from CNY -0.14 in the previous year[19]. - The operating profit was -10.39 million yuan, with a year-on-year increase of 2.39%[45]. - The net profit attributable to shareholders was -10.84 million yuan, a year-on-year decrease of 8.27%[45]. - The company reported a total profit (loss) of -¥10,482,598.11, compared to -¥10,012,635.13 in the previous period[144]. - The comprehensive income for the current period shows a total loss of 11,217,918.95 yuan, which includes a loss of 10,841,094 yuan attributed to other comprehensive income[160][161]. Assets and Liabilities - Total assets decreased by 17.03% to CNY 503,157,768.00 from CNY 606,433,571.66 at the end of the previous year[19]. - The company's total liabilities were ¥128,330,039.34, a decrease from ¥224,616,923.63 in the previous period, reflecting a reduction in financial obligations[142]. - The total equity of the company was ¥361,289,247.71, slightly down from ¥379,103,537.55 in the previous period[142]. - The company's equity attributable to shareholders decreased from CNY 378,886,126.94 to CNY 358,750,432.47, a decline of about 5.3%[136]. - The total equity at the end of the reporting period is 379,103,537.55 yuan, with a decrease of 65,062,199.00 yuan during the period[168]. Cash Flow - The company's cash flow from operating activities was -100.42 million yuan, a decrease of 25.24% year-on-year[50]. - Total cash inflow from operating activities was 114,561,930.27 yuan, while cash outflow was 214,984,842.66 yuan, resulting in a significant cash outflow[150]. - The ending balance of cash and cash equivalents was 129,679,898.25 yuan, down from 308,209,155.39 yuan at the beginning of the period[152]. - The company experienced a net decrease in cash and cash equivalents of -178,529,257.14 yuan during the reporting period[152]. Business Operations - The company's main business focuses on providing integrated information solutions for government and enterprise clients, emphasizing software development, system integration, and IT operations[26]. - The company operates primarily in the software and information technology services industry, which has shown stable growth and increasing revenue in recent years[30]. - The company has established a strong competitive advantage in the smart government and enterprise sectors through its extensive R&D capabilities and implementation experience[33]. - The company has developed a comprehensive information solution system covering various issues in the smart government and enterprise sectors, enhancing its service capabilities[38]. - In the smart government sector, the company secured contracts for "Internet + Government Services" projects, contributing to a significant growth in new contract amounts[45]. Investments and Funding - The total amount of raised funds is CNY 162.65 million, with CNY 12.94 million invested in committed projects during the reporting period[60]. - The company utilized CNY 60 million of idle raised funds to temporarily supplement working capital as of June 30, 2018[61]. - The cumulative interest income from raised funds is CNY 565,109.29, while bank fees incurred amount to CNY 915.43[61]. - Research and development investment increased to 13.32 million yuan, a rise of 5.35% compared to the previous year[49]. Market and Competition - The company faces potential risks as detailed in the report, which investors should be aware of[5]. - The company faces intensified market competition due to increased capital and resource integration in the information technology sector, particularly in smart city and smart manufacturing initiatives[72]. - There is a risk of core talent loss as competition for high-end professionals intensifies; the company emphasizes talent retention through performance incentives and a supportive corporate culture[75]. Shareholder Information - The total number of shares increased from 92,945,999 to 158,008,198 due to a profit distribution plan approved at the 2017 annual general meeting[108][109]. - Major shareholders include Fei Yaoping with 13,909,204 shares, Li Jie with 13,706,986 shares, and Li Jianhua with 12,324,177 shares, all of which are pre-IPO restricted shares[112]. - The company has a diverse shareholder base, with numerous individuals holding between 1,000,000 to 13,000,000 shares[112]. - The total number of common shareholders at the end of the reporting period was 25,025[116]. Corporate Governance - The financial report was approved by the board of directors on August 26, 2018[183]. - The company maintains a continuous operating capability without significant doubts regarding its ability to continue operations[186]. - The company has included three subsidiaries in its consolidated financial statements[184]. Compliance and Standards - The company adheres to the latest accounting standards issued by the Ministry of Finance, ensuring that financial statements accurately reflect the financial position, operating results, and cash flows[188]. - The company uses Renminbi as its functional currency for accounting purposes[191].

Financial Performance - Total revenue for Q1 2018 was ¥19,838,764.59, a decrease of 1.07% compared to ¥20,054,232.36 in the same period last year[8] - Net profit attributable to shareholders was -¥9,975,883.89, representing a decline of 35.63% from -¥7,355,346.97 year-on-year[8] - Net cash flow from operating activities was -¥78,888,878.09, a decrease of 34.54% compared to -¥58,635,118.27 in the previous year[8] - In Q1 2018, the company achieved operating revenue of 19.84 million RMB, a decrease of 1.07% year-on-year[22] - The net profit attributable to shareholders was -9.98 million RMB, down 35.63% compared to the same period last year[21] - The company reported a total operating cost of 13,474,419.12 yuan, up from 12,636,356.26 yuan in the previous period, representing an increase of approximately 6.65%[46] - The total comprehensive income for the period was -10,443,127.09 yuan, compared to -7,607,322.45 yuan in the previous period, indicating a decline[45] Cash Flow and Liquidity - Cash and cash equivalents decreased from 316.17 million to 174.16 million, a decline of approximately 45%[35] - The company's monetary funds decreased by 44.91% to 174.16 million RMB, mainly due to repayment of short-term bank loans and procurement payments[20] - Cash and cash equivalents at the end of the period totaled 163,303,271.10 yuan, compared to 48,495,286.95 yuan at the end of the previous period, indicating a significant increase[52] - The company experienced a cash outflow from financing activities of -65,966,022.20 yuan, compared to -6,891,568.90 yuan in the previous period, indicating a substantial increase in cash outflow[52] - Total cash outflow from operating activities was $124,319,217.45, compared to $87,404,997.35 in the prior period, indicating a 42.2% increase[54] Assets and Liabilities - Total assets at the end of the reporting period were ¥508,201,828.21, down 16.20% from ¥606,433,571.66 at the end of the previous year[8] - Current assets decreased to CNY 400,969,806.10 from CNY 500,647,247.07, a decline of 20%[39] - Total liabilities decreased to CNY 131,060,644.47 from CNY 218,850,811.78, a reduction of 40%[40] - Total equity attributable to shareholders was CNY 368,911,794.01, down from CNY 378,886,126.94, a decrease of 2.57%[38] Market and Competition - The company faces significant seasonal revenue fluctuations due to its reliance on government and institutional clients, which typically have budget management and centralized procurement[10] - Increased competition in the smart city and smart manufacturing sectors poses a risk, as many new entrants are competing for market share[11] - The company is expanding its branch offices and personnel to increase market share, which presents management challenges[12] Operational Developments - The company signed new contracts in smart governance and smart enterprise sectors, indicating a qualitative leap in project contracts[22] - The company plans to continue promoting new smart city solutions and smart manufacturing solutions, focusing on user satisfaction and quality[23] - The company has developed multiple patents and core technologies in the machine vision field, but market capacity limitations pose risks for future growth[13] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,999, with the top ten shareholders holding significant stakes[15] - The top five customers contributed 14.04 million RMB, representing 70.77% of total sales, an increase from 56.42% in the previous year[25] Miscellaneous - The company reported no violations regarding external guarantees during the reporting period[30] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[31] - The company has not disclosed any issues regarding the use of raised funds[29] - The first quarter report was not audited[56]

Financial Performance - The company's operating revenue for 2017 was CNY 307,423,525.28, representing a 13.26% increase compared to CNY 271,433,199.11 in 2016[27]. - The net profit attributable to shareholders for 2017 was CNY 44,494,787.97, an increase of 18.68% from CNY 37,490,815.73 in 2016[27]. - The net cash flow from operating activities significantly increased to CNY 7,462,076.69, a 684.11% rise from CNY 951,656.86 in 2016[27]. - The total assets at the end of 2017 reached CNY 606,433,571.66, marking a 69.12% increase from CNY 358,587,870.25 at the end of 2016[27]. - The net assets attributable to shareholders grew by 113.68% to CNY 378,886,126.94 from CNY 177,314,918.89 in 2016[27]. - The basic earnings per share for 2017 was CNY 0.620, up 14.81% from CNY 0.540 in 2016[27]. - The company reported a significant increase in quarterly revenue, with Q4 2017 revenue reaching CNY 178,809,800.77, compared to CNY 20,054,232.36 in Q1 2017[29]. - The company achieved a total revenue of 307.42 million yuan in 2017, representing a year-on-year growth of 13.26%[55]. - The net profit attributable to shareholders was 44.49 million yuan, an increase of 18.68% compared to the previous year[55]. Revenue Segmentation - Revenue from the "Smart Government" segment was 244.98 million yuan, accounting for 79.69% of total revenue, with a growth of 12.87%[61]. - The "Smart Enterprise" segment generated 61.19 million yuan, which is 19.90% of total revenue, reflecting a growth of 14.27%[61]. Market and Competition - The company faces risks from intensified market competition, particularly in the smart city and smart manufacturing sectors, which could impact future operations[6]. - The company acknowledges the risk of core talent loss due to increasing competition for high-end professionals in the industry[13]. - The company reported a significant reliance on government and institutional clients, which affects its revenue recognition timing and introduces seasonal revenue volatility[8]. - The company has developed multiple patents and core technologies in the machine vision field, but market uncertainty exists due to overcapacity in the domestic glass industry[12]. Research and Development - The company increased its research and development efforts, resulting in 71 new software copyrights in 2017[57]. - The company holds 288 software copyrights and has added 71 new software copyrights during the reporting period, showcasing its commitment to innovation and development[46]. - The company is focusing on enhancing AI technology research and development, with an emphasis on natural language processing integration into existing smart governance applications[103]. Investment and Capital Structure - The company plans to distribute a cash dividend of 1 RMB per 10 shares and a capital reserve increase of 7 shares for every 10 shares held, based on 92,945,999 shares[15]. - The total amount raised from the public offering in 2017 was 194.29 million CNY, with a net amount of 162.65 million CNY after deducting issuance costs[89]. - The company plans to increase its total share capital by converting capital reserves, proposing a bonus issue of 7 shares for every 10 shares held in 2017[118]. - The cash dividend payout ratio for 2017 was 20.89% of the net profit attributable to ordinary shareholders, which was approximately 44.49 million yuan[119]. Operational Challenges - The implementation of fundraising projects is crucial for future performance, with potential risks from external factors affecting project progress[9]. - The company is increasing its branch offices and personnel to enhance market share, which poses management challenges in resource integration and internal control[10]. - The company has not experienced any significant changes in project feasibility or reasons for not meeting planned progress or expected returns[91]. Corporate Governance - The company has established a comprehensive governance structure, ensuring compliance with relevant laws and regulations, and enhancing operational transparency[193]. - The board of directors and supervisory board operate independently, ensuring no interference from the controlling shareholder in decision-making[195]. - The company has a dedicated investor relations management system, facilitating communication with investors through various channels[199]. Employee and Management Structure - The total number of employees in the company is 887, with 777 in the parent company and 110 in major subsidiaries[187]. - The professional composition includes 595 production personnel, 65 sales personnel, 190 technical personnel, 17 financial personnel, and 20 administrative personnel[187]. - The company has a performance-based remuneration structure that includes a basic annual salary, performance annual salary, and target responsibility assessment incentives[186]. Future Outlook - The company aims to become a provider of smart city solutions, focusing on urban big data center construction and applications in urban services and social governance[99]. - The company plans to enhance its big data platform capabilities to promote deep applications across various industries, including public security, taxation, and healthcare[100]. - The company is transitioning to become a provider of intelligent manufacturing solutions, leveraging its experience in smart enterprise business[102].