Financial Performance - The company's revenue for Q1 2021 reached ¥40,368,936.81, representing an increase of 866.89% compared to ¥4,175,129.89 in the same period last year[8]. - Net profit attributable to shareholders was ¥20,820,702.74, a growth of 339.93% from ¥4,732,693.85 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was ¥20,401,408.22, up 2,307.90% from ¥847,269.33 in the previous year[8]. - Basic earnings per share increased to ¥0.2041, a rise of 339.87% compared to ¥0.0464 in the same period last year[8]. - The weighted average return on equity improved to 2.91%, up from 0.76% year-on-year, indicating enhanced profitability[8]. - The total profit for Q1 2021 was CNY 27,304,622.40, compared to CNY 5,571,622.36 in the previous year, indicating a year-over-year increase of approximately 388%[49]. - The company reported a significant increase in cash flow from operating activities, totaling CNY 45,691,163.85, compared to CNY 39,169,142.79 in the previous period[51]. - The company reported a net profit margin improvement, with net income figures not explicitly stated but implied through revenue growth and cost management[45]. Assets and Liabilities - Total assets at the end of the reporting period were ¥796,532,810.66, a slight decrease of 1.05% from ¥804,960,378.10 at the end of the previous year[8]. - The total assets amounted to 804,960,378.10 yuan, with a slight adjustment of 640,595.09 yuan due to the new leasing standards[60]. - Total liabilities amounted to ¥100,005,222.55, a decrease from ¥100,645,817.64, reflecting a reduction of ¥640,595.09[61]. - The total equity attributable to shareholders increased to CNY 732,026,561.87 from CNY 705,802,892.57, showing growth in shareholder value[42]. - The company's cash and cash equivalents decreased to CNY 271,622,824.12 from CNY 334,447,381.50, reflecting a decline of approximately 18.7%[36]. - The total liabilities decreased to CNY 66,956,067.28 from CNY 99,199,395.18 year-on-year, reflecting improved financial health[42]. Cash Flow - The net cash flow from operating activities was negative at -¥28,062,694.01, worsening by 52.67% compared to -¥18,381,496.70 in the previous year[8]. - The net cash flow from operating activities was -25,855,823.51 yuan, compared to -18,381,496.70 yuan in the previous period, indicating a decline of approximately 40.5%[56]. - Cash inflow from investment activities totaled 45,298,602.74 yuan, down from 120,970,550.68 yuan, representing a decrease of about 62.6%[57]. - The total cash and cash equivalents at the end of the period were 166,304,605.85 yuan, down from 240,937,353.41 yuan, reflecting a decrease of approximately 30.9%[57]. Research and Development - The company's R&D expenses increased by 57.90% to ¥11,828,111.08 from ¥7,490,682.63 in the same period last year, reflecting a commitment to enhancing research and development capabilities[18]. - Research and development expenses rose to CNY 11,828,111.08, up from CNY 7,490,682.63 in the previous year, indicating a focus on innovation[45]. - The company is currently developing multiple new products, with ongoing projects proceeding as planned[24]. Shareholder Information - The company had a total of 10,638 common shareholders at the end of the reporting period[12]. - The top shareholder, Zhang Jun, holds 23.10% of the shares, amounting to 23,577,300 shares[12]. Risk Factors - The company faces high customer concentration risk, with significant sales revenue from the top five customers impacting overall revenue growth[21]. - The company has not experienced major quality disputes since its establishment, but product quality risks remain due to the complexity of network information security products[22]. - The company is expanding rapidly, leading to increased labor costs and potential risks associated with talent management[23]. - The company acknowledges the potential impact of the COVID-19 pandemic on its operations and is monitoring the situation closely[25]. Fund Management - The total amount of raised funds is CNY 31,915.27 million, with CNY 2,656.89 million invested in the current quarter[28]. - The cumulative amount of raised funds that have been repurposed is CNY 9,790.64 million, accounting for 30.68% of the total raised funds[28]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[32].

Financial Performance - Operating revenue for the reporting period was ¥48,259,261.62, an increase of 98.93% year-on-year[8]. - Net profit attributable to shareholders was ¥23,319,193.10, representing a significant increase of 357.32% compared to the same period last year[8]. - Basic earnings per share were ¥0.2286, up 242.73% year-on-year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥22,223,326.07, an increase of 335.83% year-on-year[8]. - Total revenue for the third quarter reached ¥48,259,261.62, compared to ¥24,259,733.64 in the same period last year, indicating a growth of 99.8%[40]. - The net profit for the third quarter reached CNY 23,222,445.46, up from CNY 5,099,114.00 in the same period last year, reflecting a growth of approximately 356%[42]. - The company's net profit for Q3 2020 was CNY 27,487,416.29, an increase of 18.5% compared to CNY 23,108,890.34 in the same period last year[49]. - The total profit for Q3 2020 was CNY 32,155,558.88, compared to CNY 27,225,052.11 in the previous year, marking an increase of 18.5%[49]. - Total comprehensive income for Q3 2020 was CNY 27,487,416.29, up from CNY 23,108,890.34 in the previous year, representing an increase of 18.5%[54]. Cash Flow - The net cash flow from operating activities was ¥47,471,458.96, a decrease of 229.36% compared to the same period last year[8]. - Operating cash flow for the first nine months of 2020 was ¥52,107,643.28, a significant improvement compared to a negative cash flow of -¥51,369,960.42 in the same period of 2019[21]. - The net cash flow from operating activities for Q3 2020 was ¥52,107,643.28, a significant improvement compared to a net outflow of ¥51,369,960.42 in the same period last year[56]. - Total cash inflow from operating activities reached ¥180,311,397.56, up from ¥53,150,913.31 year-over-year, indicating strong sales performance[56]. - The total cash outflow for operating activities was ¥128,203,754.28, compared to ¥104,520,873.73 in the previous year, reflecting increased operational costs[56]. - The company reported a cash inflow of ¥12,288,077.12 from tax refunds during the quarter, contributing to the overall cash flow[56]. Assets and Liabilities - Total assets at the end of the reporting period were ¥697,137,619.11, a decrease of 4.02% compared to the end of the previous year[8]. - Current assets decreased to ¥623,692,897.63 from ¥661,745,566.07 at the end of 2019, a decline of approximately 5.8%[32]. - Total liabilities decreased to ¥59,722,656.47 from ¥102,797,645.84, a decline of approximately 41.9%[38]. - Shareholders' equity increased to ¥637,414,962.64 from ¥623,527,546.35, reflecting a growth of 2.2%[35]. - The company reported short-term borrowings of CNY 43,956,518.52 and accounts payable of CNY 14,343,525.73[64]. - The total liabilities to total assets ratio is approximately 14.14%[69]. - The company’s total equity represents approximately 85.8% of total assets[70]. Investments and Expenses - The company has invested in long-term equity investments amounting to ¥38,250,000.00, indicating a strategic focus on growth[37]. - Research and development expenses amounted to CNY 9,986,372.38, which is an increase from CNY 7,217,183.44 year-over-year[41]. - Research and development expenses for the year-to-date period reached CNY 24,933,936.82, an increase of 9.1% compared to CNY 22,845,264.47 last year[52]. - Sales expenses increased by 34.02% to ¥1,115,820.21, primarily due to an increase in marketing personnel[20]. - Financial expenses decreased by 47.00% to ¥515,864.94, mainly due to increased interest income from bank deposits[20]. Shareholder Information - The top shareholder, Zhang Jun, holds 23.12% of the shares, while the second-largest shareholder, He Chaohui, holds 21.89%[12]. - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[14]. - The company plans to distribute a cash dividend of ¥2.00 per share, totaling ¥13,600,000, and to increase its share capital by 50% through capital reserves[24]. - There were no violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[25][26]. Government Subsidies - The company received government subsidies amounting to ¥3,429,460.00 during the reporting period[9]. - The company received government subsidies amounting to ¥3,429,460.00 during the reporting period[20].

Financial Performance - The company's operating revenue for the first half of 2020 was ¥24,875,904.63, a decrease of 64.48% compared to ¥70,042,692.61 in the same period last year[19]. - The net profit attributable to shareholders was ¥4,325,132.84, down 75.98% from ¥18,009,776.34 year-on-year[19]. - The net profit after deducting non-recurring gains and losses was -¥434,967.77, representing a decline of 102.42% compared to the previous year's profit[19]. - Basic earnings per share decreased by 81.83% to ¥0.0636 from ¥0.35 in the previous year[19]. - The company's revenue for the reporting period was approximately ¥24.88 million, a decrease of 64.48% compared to ¥70.04 million in the same period last year, primarily due to delays in upstream and downstream enterprises' resumption of work caused by the COVID-19 pandemic[38]. - The company's revenue from the information security industry was approximately ¥24.1 million, representing a year-over-year decrease of 65.36%[40]. - The gross margin for information security products was 48.11%, down 27.24% compared to the same period last year[40]. - The total profit for the first half of 2020 was ¥5,108,121.18, down from ¥21,209,058.40, reflecting a decline of approximately 76.0%[143]. Cash Flow and Investments - The net cash flow from operating activities was ¥4,636,184.32, a significant improvement from -¥14,674,033.34 in the same period last year, marking a 131.59% change[19]. - The company's operating cash flow generated from operating activities was approximately ¥4.64 million, a significant improvement from a negative cash flow of ¥14.67 million in the previous year[38]. - The company's net cash increase from investment activities was approximately ¥20.17 million, a substantial increase compared to a negative cash flow of ¥308,361.90 in the previous year[38]. - Cash flow from operating activities was reported at ¥82,772,643.35, a significant increase from ¥46,592,691.38 in the previous year, indicating improved cash management[149]. - The total cash inflow from investment activities was ¥221,947,728.77, with cash outflow amounting to ¥203,138,633.48, resulting in a net cash flow of ¥18,809,095.29 from investment activities[154]. Assets and Liabilities - Total assets at the end of the reporting period were ¥704,861,871.70, down 2.96% from ¥726,325,192.19 at the end of the previous year[19]. - The net assets attributable to shareholders decreased by 1.49% to ¥614,252,679.19 from ¥623,527,546.35 at the end of the previous year[19]. - Accounts receivable amounted to ¥245.80 million, making up 34.87% of total assets, a decrease of 17.17% from the previous year[46]. - The total liabilities decreased to ¥90,669,354.52 from ¥102,797,645.84, a reduction of about 11.8%[135]. - The company reported a significant reduction in employee compensation payable, which fell to ¥3,340,776.08 from ¥8,450,390.16, a decrease of about 60.5%[135]. Research and Development - The company's R&D investment was approximately ¥15.14 million, a slight decrease of 3.10% from ¥15.63 million in the previous year, indicating a continued commitment to innovation despite the challenges[38]. - The company has a total of 4 authorized invention patents and 4 design patents, with 11 invention patents currently under application, reflecting its strong focus on R&D and innovation[31]. - Research and development expenses remained high at ¥15,142,871.59, slightly down from ¥15,628,081.03, indicating a focus on innovation despite reduced revenues[141]. Operational Challenges and Risks - The company faced significant risks and uncertainties, which are detailed in the report[5]. - The company is experiencing rapid expansion, leading to increased labor costs and potential risks associated with talent management and retention[66]. - The company faces high customer concentration risk, with sales to the top five customers significantly impacting overall revenue, which may affect bargaining power and revenue growth[64]. - New product development poses risks due to high initial investment and the possibility of not meeting customer specifications, which could adversely affect future performance[67]. Shareholder and Governance Matters - The company plans not to distribute cash dividends or issue bonus shares[6]. - The actual controller and shareholders have fulfilled their commitments regarding shareholding and transfer restrictions as of the report date[73]. - Shareholders are subject to a 36-month lock-up period following the company's initial public offering, with specific conditions for share transfers[74]. - The company has established strict compliance measures for shareholders regarding share transfer notifications and adherence to regulations[75]. - The company has committed to maintaining the interests of all shareholders and will not engage in activities that harm the company's interests[84]. Market Outlook and Future Plans - The company provided a positive outlook for the second half of 2020, projecting a revenue growth of 30% year-over-year[76]. - New product launches are expected to contribute an additional 100 million yuan in revenue by the end of the year[76]. - Market expansion plans include entering two new provinces, aiming for a 20% increase in market share in those regions[76]. - The company is considering strategic acquisitions to enhance its product portfolio, with a target of identifying at least three potential candidates by the end of Q3 2020[76]. Compliance and Regulatory Matters - The company follows the accounting standards set by the Ministry of Finance and complies with relevant disclosure regulations[172]. - The financial statements reflect the company's financial position, operating results, changes in owner's equity, and cash flows accurately[174]. - The company has not reported any major changes in the measurement attributes of its main assets during the reporting period[48]. - The company did not undergo an audit for the semi-annual financial report[86].

Financial Performance - Total revenue for Q1 2020 was ¥4,175,129.89, a decrease of 78.58% compared to ¥19,491,528.07 in the same period last year[7] - Net profit attributable to shareholders was ¥4,732,693.85, an increase of 6,909.08% from ¥67,522.35 year-on-year[7] - Basic earnings per share rose to ¥0.0696, reflecting a significant increase of 5,253.85% compared to ¥0.0013 in the previous year[7] - Operating revenue for Q1 2020 was 4,175,129.89, a decrease of 78.58% compared to 19,491,528.07 in Q1 2019, primarily due to the impact of the pandemic and delayed resumption of upstream supply chains[16] - Operating costs decreased by 65.02% to 2,217,772.10 in Q1 2020 from 6,340,140.18 in Q1 2019, following the decline in revenue[16] - The company reported a significant increase in other income, primarily from government subsidies received during the period[18] - The company anticipates a potential loss in net profit for the first half of the year due to the impact of the COVID-19 pandemic, with expected revenue decline compared to the same period last year[30] - Total operating revenue for Q1 2020 was CNY 4,175,129.89, a decrease from CNY 19,491,528.07 in the same period last year, representing a decline of approximately 78.6%[39] - Net profit for Q1 2020 was CNY 4,732,693.85, a significant increase compared to CNY 67,522.35 in Q1 2019, marking a growth of approximately 6,996.5%[41] Cash Flow and Liquidity - The net cash flow from operating activities was -¥18,381,496.70, an improvement of 37.39% from -¥29,357,630.11 in the same period last year[7] - Cash received from sales of goods and services rose by 118.13% to 23,574,751.32 in Q1 2020 from 10,807,856.50 in Q1 2019, indicating improved cash collection[17] - Cash and cash equivalents decreased from 122,564,353.82 yuan as of December 31, 2019, to 101,761,508.60 yuan as of March 31, 2020[36] - The cash inflow from operating activities for Q1 2020 was CNY 39,169,142.79, a significant increase from CNY 11,217,547.20 in the same period last year, representing a growth of approximately 249%[44] - The cash outflow from operating activities totaled CNY 57,550,639.49, compared to CNY 40,575,177.31 in Q1 2019, indicating an increase of about 42%[44] - The total cash and cash equivalents decreased by CNY 20,802,845.22 during the quarter, compared to a decrease of CNY 34,707,578.09 in the same period last year[46] Assets and Liabilities - Total assets at the end of the reporting period were ¥698,065,438.20, a decrease of 3.89% from ¥726,325,192.19 at the end of the previous year[7] - The net assets attributable to shareholders increased by 0.76% to ¥628,260,240.20 from ¥623,527,546.35 at the end of the previous year[7] - Total liabilities for Q1 2020 were CNY 69,805,198.00, a decrease from CNY 102,797,645.84 in the previous year, representing a decline of about 32.1%[38] - The company's equity attributable to shareholders was CNY 628,260,240.20, slightly up from CNY 623,527,546.35 in the previous year, indicating a growth of approximately 0.4%[39] Inventory and Receivables - Other receivables increased by 516.67% to ¥163,108.04 due to the payment of employees' public rental housing rent[15] - Inventory rose by 39.74% to ¥46,501,356.90, primarily due to an increase in raw material stock at the end of the period[15] - Accounts receivable decreased from 296,384,298.51 yuan to 278,111,547.48 yuan during the same period[36] Risk Management and Strategic Focus - The company maintained a stable business operation despite the pandemic, focusing on risk management and strategic partnerships to ensure business continuity[19] - The company faces risks related to high customer concentration, which could impact revenue if major clients reduce their orders[21] - The company is actively investing in R&D to enhance product quality and customer satisfaction, aiming to mitigate risks associated with product quality and market demand[24] - The ongoing COVID-19 pandemic continues to pose challenges to production and operations, although the situation is improving domestically[24] Fundraising and Investments - The company reported a total fundraising amount of 31,915.27 million yuan, with 4,105.13 million yuan invested in the current quarter[28] - Cumulative investment from fundraising reached 8,362.21 million yuan, representing 83.62% of the planned investment[28] - Research and development expenses for Q1 2020 amounted to CNY 7,490,682.63, compared to CNY 6,981,824.67 in the previous year, reflecting an increase of about 7.3%[39] Compliance and Governance - No overdue commitments were reported by the actual controller, shareholders, or related parties during the reporting period[26] - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[32] - There were no significant changes in the feasibility of investment projects or major changes in the use of raised funds[29] - The company has adopted new revenue and leasing standards starting January 1, 2020, which are not expected to have a significant impact on its financial position or cash flows[51]

Financial Performance - The company's operating revenue for 2019 was ¥218,765,020.18, representing a 62.96% increase compared to ¥134,243,324.18 in 2018[16] - The net profit attributable to shareholders for 2019 was ¥88,708,333.17, a 37.57% increase from ¥64,482,911.06 in the previous year[16] - The net profit after deducting non-recurring gains and losses was ¥87,595,337.59, up 37.86% from ¥63,541,393.47 in 2018[16] - The basic earnings per share for 2019 was ¥1.65, reflecting a 30.95% increase from ¥1.26 in 2018[16] - The total assets at the end of 2019 reached ¥726,325,192.19, a significant increase of 160.35% from ¥278,981,296.39 at the end of 2018[16] - The net assets attributable to shareholders increased by 189.12% to ¥623,527,546.35 from ¥215,666,537.02 in 2018[16] - The weighted average return on equity for 2019 was 28.32%, down from 35.15% in 2018[16] - The company reported a quarterly revenue of ¥124,462,593.93 in Q4 2019, contributing significantly to the annual growth[18] - The total profit reached CNY 100.50 million, reflecting a growth of 37.62% compared to the previous year[42] - The net profit attributable to ordinary shareholders was CNY 87.60 million, up 37.86% year-on-year[42] Cash Flow and Investments - The net cash flow from operating activities was negative at -¥104,613,705.48, a decline of 406.47% compared to ¥34,134,620.75 in 2018[16] - The total cash inflow from financing activities increased to ¥377,060,000.00 in 2019, a rise of 1,408.24% from ¥25,000,000.00 in 2018[63] - The company’s total investment cash outflow reached ¥170,795,991.71 in 2019, a dramatic increase of 30,124.79% from ¥565,085.78 in 2018[62] - The company has successfully raised funds through its initial public offering, which has contributed to its cash reserves[34] - The company utilized ¥42,570,800 of the raised funds during the reporting period[77] Revenue Sources and Market Position - The information security sector accounted for 99.49% of total revenue, with a year-on-year growth of 63.13%[45] - The company maintained a leading position in the national network information security industry, driven by its advanced product technology and quality[38] - The company is focusing on the development of a mobile security dual-host platform, addressing the growing demand for mobile office information security[31] - The company has developed various security platforms, including the dual-host series platform, which has been continuously improved to meet customer demands and maintain industry leadership[28] Research and Development - The company’s R&D expenses amounted to ¥29,862,360.26 in 2019, which is 13.65% of total operating revenue, up from 16.67% in 2018[59] - The company’s R&D efforts focus on understanding customer needs and developing competitive products in the information security sector[37] - The establishment of a research and experimental center is prioritized to enhance the company's innovation capabilities and product reliability testing[90] - The company is conducting feasibility studies for network security-related dedicated chips, establishing a development direction focused on security protocols and acceleration functions[33] Shareholder and Dividend Policies - The company plans to distribute a cash dividend of ¥2 per 10 shares, with a capital reserve conversion of 5 shares for every 10 shares held[5] - The cash dividend distribution represents 15.33% of the net profit attributable to the company's ordinary shareholders for 2019, which is 88,708,333.17 CNY[107] - The company has a structured mechanism for dividend distribution, ensuring the protection of minority shareholders' rights[104] - The company did not distribute dividends in 2017 and 2018, focusing on capital expenditures to support growth[106] Risk Management and Compliance - The company is actively managing risks related to rising labor costs due to rapid expansion and increasing average wage levels in the labor market[96] - The company has not experienced major quality disputes since its establishment, but it recognizes the complexity of its products and is committed to maintaining high-quality standards[95] - The company has committed to fulfilling all promises made during the acquisition and restructuring processes[108] - The company has established measures to ensure that its directors and senior management adhere to the commitments made during the IPO[126] Corporate Governance and Management - The company has maintained a stable leadership team with no changes in the board of directors or senior management during the reporting period[180] - The management team is committed to transparency regarding their shareholdings and any changes therein[112] - The company’s board includes independent directors with diverse backgrounds, enhancing governance and oversight[181][182][183] - The total remuneration for directors and senior management during the reporting period amounted to CNY 5.5384 million[192] Employee and Operational Insights - The company employed a total of 159 staff members, with 101 being technical personnel[194] - The educational background of employees includes 24 with postgraduate degrees, 87 with bachelor's degrees, and 25 with associate degrees[194] - The company emphasizes the importance of training new employees on corporate culture, regulations, and quality awareness to enhance performance and support sustainable development[196] - The company has a strong technical team, with key personnel holding advanced degrees and extensive experience in their respective fields[185]