Financial Performance - The company's operating revenue for Q1 2023 was ¥60,228,623.53, representing a 1.86% increase compared to ¥59,129,462.80 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥19,163,049.33, an improvement of 3.57% from a loss of ¥19,873,331.76 in the previous year[4] - The net cash flow from operating activities was -¥82,883,249.67, which is a 9.08% improvement from -¥91,158,048.91 in the same period last year[4] - Total operating revenue for Q1 2023 was CNY 60,228,623.53, an increase of 1.86% compared to CNY 59,129,462.80 in the previous period[27] - Net profit for Q1 2023 was a loss of CNY 19,227,334.52, slightly improved from a loss of CNY 19,908,136.30 in the same period last year, indicating a 3.42% reduction in losses[28] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,298,384,363.33, down 5.22% from ¥1,369,946,136.71 at the end of the previous year[4] - As of March 31, 2023, the total assets of the company amounted to RMB 1,298,384,363.33, a decrease from RMB 1,369,946,136.71 at the beginning of the year[22] - The company's total liabilities decreased to RMB 107,748,086.34 from RMB 160,082,525.20, reflecting a reduction of about 32.6%[24] - The company reported a total of 974,380,704.53 in current assets, down from 1,044,938,647.19, a decrease of approximately 6.7%[23] Cash Flow - The company's cash and cash equivalents decreased by 64.62%, from ¥140,571,437.68 to ¥49,738,270.88, primarily due to high operational expenditures[9] - The net cash flow from investment activities was -6,685,413.87, a significant decrease compared to 128,265,217.57 in the previous year[33] - The net increase in cash and cash equivalents was -90,215,266.80, contrasting with a positive increase of 35,079,754.08 in the previous year[33] - Total cash and cash equivalents at the end of the period were 47,800,576.51, down from 138,681,858.15 in the previous year[33] Expenses and Costs - Total operating costs decreased to CNY 88,033,237.76 from CNY 90,198,697.08, representing a reduction of 2.42%[27] - Research and development expenses for Q1 2023 were CNY 26,174,838.19, showing a slight decrease from CNY 26,720,899.45 in the previous period[28] Shareholder and Capital Management - The company has announced plans to issue convertible bonds to unspecified investors, indicating a strategy to raise additional capital[20] - The company has a total of 189,700,000 restricted shares at the end of the reporting period, with no new restrictions added during the period[19] - The company is actively managing its shareholder structure, with significant holdings by major shareholders such as the chairman, who holds 157,987,500 shares[19] Other Financial Metrics - The company experienced a 56.68% decrease in other income, totaling ¥1,480,890.50, mainly due to reduced government subsidies[11] - Investment income fell by 56.45% to ¥842,049.72, attributed to a decrease in total financial management amounts during the period[11] - Tax and additional charges rose by 462.79% to ¥2,022,668.77, primarily due to increased prepayment of taxes[11] - Basic and diluted earnings per share for Q1 2023 were both CNY -0.0400, compared to CNY -0.0500 in the same period last year[29]

Financial Performance - The company's operating revenue for 2022 was ¥627,826,046.18, representing a 4.73% increase compared to ¥599,447,757.52 in 2021[17]. - The net profit attributable to shareholders for 2022 was ¥57,168,279.57, a decrease of 13.09% from ¥65,782,064.64 in the previous year[17]. - The net cash flow from operating activities was negative at -¥45,195,514.79, a decline of 176.93% compared to ¥58,751,269.74 in 2021[17]. - Basic earnings per share for 2022 were ¥0.13, down 13.33% from ¥0.15 in 2021[17]. - Total assets at the end of 2022 amounted to ¥1,369,946,136.71, an increase of 4.15% from ¥1,315,396,174.03 in 2021[17]. - The net assets attributable to shareholders at the end of 2022 were ¥1,209,745,863.06, reflecting a 2.14% increase from ¥1,184,420,945.23 in 2021[17]. - The company reported a weighted average return on equity of 4.78% for 2022, down from 5.76% in 2021[17]. - The net profit after deducting non-recurring gains and losses for 2022 was ¥45,060,969.21, a slight decrease of 1.65% from ¥45,816,228.45 in 2021[17]. - The company achieved operating revenue of CNY 627.83 million in 2022, representing a year-on-year growth of 4.73%[69]. - The net profit attributable to the parent company after deducting non-recurring gains and losses was CNY 45.06 million, a decrease of 1.65% compared to the previous year[69]. - Revenue from the power sector accounted for 74% of total revenue, with a year-on-year increase of 5.69% to CNY 464.58 million[71]. - The software development and implementation segment generated CNY 602.99 million, making up 96.04% of total revenue, with a growth of 7.78% year-on-year[71]. - The gross profit margin for software development and implementation was 40.82%, showing a slight decrease of 0.76% year-on-year[75]. Cash Flow and Investment - The company reported a negative cash flow from operating activities of CNY -45.20 million, a decline of 176.93% compared to the previous year[69]. - Operating cash inflow decreased by 10.88% to CNY 533,172,024.20, while operating cash outflow increased by 7.20% to CNY 578,367,538.99, resulting in a net cash flow from operating activities of -CNY 45,195,514.79[93]. - Investment cash inflow increased by 34.57% to CNY 2,102,880,026.38, leading to a net cash flow from investing activities of CNY 104,771,454.68, a significant improvement compared to the previous year[93]. - The company’s cash flow from financing activities showed a net outflow of CNY 25,162,200.65, a 90.14% increase in outflow compared to the previous year[93]. - The total investment amount for the reporting period was CNY 1,998,108,571.70, representing a 24.22% increase compared to CNY 1,608,547,640.70 in the same period last year[102]. Research and Development - Research and development expenses increased by 41.37% to ¥99,942,166.36, primarily due to investments in the low-code platform[83]. - R&D investment amounted to ¥103,827,025.54, representing 16.54% of operating revenue, up from 12.84% in the previous year[88]. - The company plans to continue increasing R&D investment in its low-code development platform to strengthen its core competitiveness[69]. - The company has focused on developing low-code and artificial intelligence technologies to drive sustainable growth[88]. - The company has a technical team with over 80% of personnel in R&D, enhancing its innovation capabilities and project implementation experience[68]. Market and Growth Strategy - The company is aligned with national strategies promoting digital transformation and innovation, which are expected to enhance its growth prospects[29]. - The company aims to build an intelligent and comprehensive railway information infrastructure by 2025, enhancing digitalization across various business areas and improving cybersecurity capabilities[35]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2025[157]. - The company is set to launch a new software product in Q2 2023, anticipated to generate an additional 100 million RMB in revenue within the first year[157]. - The company aims to reduce operational costs by 10% through efficiency improvements and automation initiatives in 2023[157]. Customer Base and Sales - The company has established a solid customer base in the information management software service sector for industries like electricity and railways, but faces increasing market competition that could impact market share and performance if not addressed[128]. - The top five customers contributed ¥402,333,936.70 in sales, representing 64.08% of the annual total sales[82]. - The company reported that sales revenue from State Grid Corporation accounted for 50.39% of its main business revenue in 2022[125]. - The company plans to enhance its sales system and expand its customer base to include more central enterprises and leading private companies[123]. Governance and Management - The company has implemented a robust corporate governance structure in compliance with relevant laws and regulations, ensuring effective operation and protection of shareholder rights[133]. - The board of directors consists of 8 members, including 3 independent directors, and actively participates in various training to enhance their capabilities[136]. - The company maintains independence from its controlling shareholders in terms of assets, personnel, and operations, ensuring a complete business system[141]. - The company has a governance structure that includes independent directors and a board of supervisors[143]. - The company has been actively involved in the management of its human resources, with several key personnel changes in the reporting period[148]. Employee and Compensation - Employee compensation accounted for 71.66% of operating costs, with a total amount of ¥264,457,836.20, showing a slight increase of 0.85% year-on-year[80]. - The total number of employees at the end of the reporting period is 2,765, with 2,054 in the parent company and 711 in major subsidiaries[173]. - The employee composition includes 1,786 technical personnel, 679 R&D personnel, and 97 sales personnel, reflecting a strong focus on technical and research capabilities[173]. - The company emphasizes a competitive compensation structure to attract and retain talent, aligning salaries with industry standards and performance metrics[175]. - The company distributed cash dividends of ¥22,366,500, with a payout ratio of 100% of the distributable profits, reflecting a commitment to returning value to shareholders[178]. Risks and Challenges - The company has acknowledged potential risks in its future development outlook, which are detailed in the management discussion section of the report[3]. - The company faces risks from rising labor costs due to its talent-intensive nature, with plans to enhance project management and increase per capita revenue to mitigate this risk[127]. - The company’s revenue exhibits seasonal fluctuations, with lower earnings in the first half of the year and higher earnings in the second half, primarily due to the investment approval processes of major clients like the State Grid Corporation[129]. Technology and Innovation - The company is actively exploring AI applications in the power sector, utilizing technologies like NLP and OCR to enhance operational efficiency and reduce costs[44]. - The company has developed various software platforms, including a low-code development platform and a knowledge graph visualization platform, to support digital transformation for medium and large enterprises[40]. - The company has established a "dual-wheel drive strategy," focusing on both industry digital solutions and the development of standardized, general-purpose software centered around an "AI low-code" platform[40]. - The company emphasizes continuous technological innovation to maintain its competitive edge in a rapidly changing market environment[128].

证券代码：300830 证券简称：金现代 金现代信息产业股份有限公司 投资者关系活动记录表 编号：2021-002 | --- | --- | --- | |-----------------------|---------------------------------------------------|--------------------------------------------------------| | | □特定对象调研 | 分析师会议 | | 投资者关系活动 | □媒体采访 □业绩说明会 | | | 类别 | □新闻发布会 □路演活动 | | | | □现场参观 | | | | □其他 | （请文字说明其他活动内容） | | | | 西部利得吴桐、西藏东财基金钱监亮、诺安基金王晴、方正富 | | | | 邦基金巩显峰、太平资产郑金镇、招商基金亢思汗、信达澳银 | | 参与单位名称及 | | 基金徐聪、南通弘正资本葛露露、沁元投资衡欢乐、涌贝资产 | | 人员姓名 | | 马涌超、东兴证券孙业亮、长见投资刘志敏、广东宝新资产闫 | | | 鸣、 NTF Asset 黄颖峰、北京公能达投 ...

证券代码：300830 证券简称：金现代 编号：2021-003 金现代信息产业股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-----------------------------|----------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Group 1: Company Overview - Jin Modern Information Industry Co., Ltd. has been deeply engaged in power information technology for over 20 years, focusing on core services in the power production sector [2] - The company has accumulated rich experience in information and digitalization while serving major state-owned enterprises like State Grid and Southern Power Grid [2] Group 2: Financial Insights - In 2020, approximately 70% of the company's revenue came from the power industry, around 9% from the rail transit industry, and about 20% from other sectors [3] - The total investment in the power grid during the 14th Five-Year Plan period is expected to exceed CNY 2.9 trillion, which is higher than the total investment during the 13th Five-Year Plan [2] Group 3: Product Development - The company is investing in standardized product development, notably the "Light Cavalry" low-code development platform, which is positioned among the top tier in the enterprise-level low-code development field [3] - The "Light Cavalry" platform has been in development since 2002 and was officially integrated with low-code design concepts in 2018 [4] Group 4: Market Strategy - The "Light Cavalry" low-code platform offers two versions: a private deployment version for medium to large enterprises and a SaaS version for small and medium enterprises [3] - The company is implementing a "lean soldier strategy" to support platformization and standardization, focusing on recruiting high-quality talent rather than merely increasing headcount [4]

编号：2022-004 证券代码：300830 证券简称：金现代 金现代信息产业股份有限公司 投资者关系活动记录表 | --- | --- | --- | |--------------------------------------|-----------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

证券代码：300830 证券简称：金现代 公告编号：2022-067 金现代信息产业股份有限公司 关于参加山东辖区上市公司 2022 年度投资者网上集 体接待日活动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 为进一步加强与广大投资者的沟通交流，构建和谐投资者关系，金现代信息 产业股份有限公司（以下简称"公司"）将参加由山东证监局、山东上市公司协 会联合举办的"山东辖区上市公司 2022 年度投资者网上集体接待日"活动，现 将有关事项公告如下： 本次投资者网上集体接待日活动将通过深圳市全景网络有限公司提供的互 联 网 平 台 举 行 ， 投 资 者 可 以 登 录 全 景 网 " 投 资 者 关 系 互 动 平 台 " （http://ir.p5w.net/）参与公司本次投资者网上集体接待日活动，活动时间为 2022 年 11 月 16 日（星期三）14:00-16:00。 届时公司董事、董事会秘书鲁效停先生和财务总监张学顺先生将通过网络在 线形式与投资者进行沟通交流，欢迎广大投资者积极参与。 特此公告。 金现代信息产业股份有限公司 董事会 2022 ...

金现代信息产业股份有限公司 2022 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重 大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的 真实、准确、完整。 3.第三季度报告是否经过审计 □是 否 1 金现代信息产业股份有限公司 2022 年第三季度报告 证券代码：300830 证券简称：金现代 公告编号：2022-062 金现代信息产业股份有限公司 2022 年第三季度报告 2 金现代信息产业股份有限公司 2022 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（ ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥125,520,933.61, a decrease of 32.16% compared to ¥185,016,014.56 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was -¥45,429,794.43, representing a decline of 370.81% from ¥16,775,494.13 in the previous year[20]. - The net cash flow from operating activities was -¥90,933,203.72, which is a 98.03% decrease compared to -¥45,919,644.61 in the same period last year[20]. - The total assets at the end of the reporting period were ¥1,230,361,831.45, down 6.46% from ¥1,315,396,174.03 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company decreased by 4.67% to ¥1,129,118,973.87 from ¥1,184,420,945.23 at the end of the previous year[20]. - The basic earnings per share for the reporting period was -¥0.11, a decline of 375.00% compared to ¥0.04 in the same period last year[20]. - The diluted earnings per share also stood at -¥0.11, reflecting the same percentage decline as the basic earnings per share[20]. - The weighted average return on net assets was -3.91%, a decrease of 5.41% from 1.50% in the previous year[20]. - The company's revenue for the first half of 2022 was approximately ¥125.52 million, a decrease of 32.16% compared to ¥185.02 million in the same period last year, primarily due to project delays caused by recurring domestic COVID-19 outbreaks[61]. - The net profit attributable to the parent company for the first half of 2022 was -¥45.43 million, with a non-recurring net profit of -¥52.37 million, reflecting a significant decline due to reduced revenue and increased management and R&D expenses[61]. - The company's management expenses increased by 49.12% to ¥39.93 million, largely due to stock payment expenses exceeding ¥11.6 million related to equity incentives[63]. - The total revenue from software development and implementation was ¥114,837,068.51, a decrease of 34.70% year-on-year, with a gross margin of 43.97%[66]. - The company's total liabilities included contract liabilities of ¥24,431,864.58, which increased by 1.13% compared to the previous year[74]. - The company reported a significant increase in financing costs, with cash outflows related to debt repayment and interest payments totaling 23,837,302.90 CNY[193]. Research and Development - The company maintains a high level of R&D investment, focusing on both forward-looking technologies and product development to address user pain points[39]. - The low-code development platform has achieved multiple technological breakthroughs, holding 11 invention patents and 17 core technologies, focusing on key areas such as UI visualization and runtime engines[58]. - Research and development expenses surged to CNY 53,371,893.58, compared to CNY 26,823,756.71 in the same period last year, indicating a growth of 98.8%[181]. - The company has established research collaborations with universities like Shandong University to enhance its technology and product development capabilities[40]. - The company has invested heavily in R&D, particularly in the development of its low-code platform, to enhance its core competitiveness and support digital transformation[61]. - R&D investment increased by 98.97% to ¥53,371,893.58, reflecting the company's focus on enhancing its low-code platform and other product developments[64]. Market and Industry Trends - The software and information technology service industry in China achieved a total revenue of 949.94 billion yuan in 2021, representing a year-on-year growth of 17.7% and a two-year compound growth rate of 15.5%[43]. - The digital economy is emphasized in the "14th Five-Year Plan," with a focus on accelerating digital development and enhancing key technology innovation capabilities[43]. - The demand for IT solutions in the power sector is expected to grow significantly due to the transition to a new power system, driven by the dual carbon goals of carbon peak and carbon neutrality[45]. - The railway sector aims to expand its high-speed rail network to approximately 38,000 kilometers by 2025, enhancing its operational capabilities and service quality[48]. - The aPaaS market is rapidly growing, providing low-code/zero-code solutions that lower the barriers for application development and significantly shorten development cycles[52]. - The integration of new technologies such as AI, blockchain, and big data is driving the digital transformation in the power industry, leading to innovative applications in smart energy and digital marketing[46]. Strategic Initiatives - The company focuses on industry digital solutions and application software development platforms, primarily serving large state-owned enterprises in the energy sector, including State Grid and Southern Power Grid[29]. - The company aims to expand its services into other industries such as railways and petrochemicals, leveraging over 20 years of experience in the energy sector[32]. - The company is actively pursuing the digital transformation of medium and large enterprises, establishing new partnerships with companies like Shandong Energy and Zhongtai Securities[34]. - The company is transitioning from a single industry digital solution provider to a dual-driven model, combining industry solutions with standard software product offerings[60]. - The company has developed the "Light Cavalry" low-code development platform, which is designed for rapid application development and agile iteration, catering to both large enterprises and small to medium-sized enterprises[35]. - The "Light Cavalry" platform has achieved compatibility with 15 domestic IT vendors' hardware and software ecosystems, meeting the demand for self-controllable software solutions[36]. - The company has been awarded multiple accolades for the "Light Cavalry" platform, including recognition as a leading product in the low-code market[37]. Financial Management and Capital Structure - The total amount of raised funds is RMB 378,510,000, with a net amount of RMB 332,728,200 after deducting issuance expenses of RMB 45,781,800[86]. - As of June 30, 2022, the cumulative amount of raised funds used is RMB 207,944,061.13, leaving a balance of RMB 124,784,138.87[86]. - The total amount of raised funds invested during the reporting period is RMB 5,939,720[84]. - The cumulative investment in the committed projects is RMB 20,794,410, representing 62.4% of the total raised funds[84]. - The company has not changed the purpose of the raised funds, with a change ratio of 0.00%[84]. - The balance of the special account for raised funds is RMB 43,211,166.53[86]. - The company has received bank interest of RMB 1,002,822.45 from the raised funds[86]. - The company pre-invested 53.3288 million CNY in fundraising projects before the funds were in place[91]. - The total amount of entrusted financial management during the reporting period was 441 million CNY, with an outstanding balance of 240 million CNY[95]. Risks and Challenges - The company has recognized the risk of rising labor costs and aims to improve project management and efficiency to mitigate this risk[102]. - The company faces seasonal revenue fluctuations, with higher income expected in the second half of the year due to project approval cycles[105]. - The company has a high customer concentration risk, with significant reliance on State Grid Corporation for revenue[100]. - The report highlights potential risks and the company's strategies to address them, which are detailed in the management discussion section[3]. Corporate Governance and Compliance - The company has not experienced any major litigation or arbitration matters during the reporting period[126]. - There were no significant related party transactions during the reporting period[132]. - The company has not engaged in any asset or equity acquisitions or sales during the reporting period[127]. - The company reported no significant environmental penalties or issues during the reporting period[116]. - The company has implemented a stock incentive plan, with the conditions for granting reserved stock having been met[112]. - The company has not made any significant guarantees during the reporting period[136]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[121]. - The company did not issue any preferred shares during the reporting period[165]. - The financial report for the first half of 2022 was not audited[170].

Financial Performance - The company's revenue for Q1 2022 was ¥59,129,462.80, a decrease of 1.77% compared to ¥60,195,220.03 in the same period last year[4] - The net profit attributable to shareholders was -¥19,873,331.76, representing a decline of 486.64% from ¥5,140,008.74 in the previous year[4] - Net profit for Q1 2022 was a loss of CNY 19,908,136.30, compared to a profit of CNY 4,664,825.62 in Q1 2021, indicating a substantial decline in profitability[29] - The total comprehensive income for Q1 2022 was -CNY 19,908,136.30, a significant drop from CNY 4,664,825.62 in Q1 2021[30] - The weighted average return on equity was -1.69%, down from 0.46% in the same period last year, reflecting the company's financial challenges[4] Cash Flow - The net cash flow from operating activities was -¥91,158,048.91, a decrease of 54.24% compared to -¥59,102,043.02 in the same period last year[14] - Total cash inflow from operating activities was 108,694,400.85 CNY, down from 119,422,141.20 CNY year-over-year, reflecting a decrease of approximately 9.1%[33] - Cash outflow from operating activities increased to 199,852,449.76 CNY from 178,524,184.22 CNY, representing an increase of about 11.9%[33] - The company reported a net increase in cash and cash equivalents of 35,079,754.08 CNY, down from 100,163,703.68 CNY in the previous period, indicating a significant decline of approximately 65.0%[34] - The ending balance of cash and cash equivalents was 138,681,858.15 CNY, compared to 204,162,244.13 CNY at the end of the previous period, a decrease of about 32.0%[34] Assets and Liabilities - The company's total assets decreased by 4.57% to ¥1,255,316,562.37 from ¥1,315,396,174.03 at the end of the previous year[5] - Total liabilities decreased to CNY 83,748,813.44 from CNY 130,085,464.26, a reduction of about 35.5%[26] - The total equity attributable to shareholders decreased by 1.16% to ¥1,170,712,788.95 from ¥1,184,420,945.23 at the end of the previous year[5] Expenses - Total operating costs increased significantly to CNY 90,198,697.08, up 34.3% from CNY 67,162,837.62 year-over-year[28] - Research and development expenses increased by 85.92% to ¥26,720,899.45 from ¥14,372,130.09 in the previous year, indicating a focus on enhancing technological capabilities[12] - The company recorded a 67.49% increase in management expenses, totaling ¥20,035,050.41, primarily due to stock incentive costs[12] Shareholder Information - The total number of common shareholders at the end of the reporting period is 34,639[16] - The largest shareholder, Li Feng, holds 157,987,500 shares, representing 36.73% of the total shares[16] - The company has 28,417,300 shares held by Han Feng, which are unrestricted[16] - The company has 27,000,000 shares held by Jinan Jinsiqi Investment Management Partnership, which are also subject to lock-up[18] - The company plans to release 15,798,750 shares held by Li Feng on May 6, 2023, after the lock-up period[18] - The company has a total of 237,264,600 shares with 47,564,600 shares under lock-up at the end of the reporting period[20] - The company announced the completion of the voluntary lock-up commitment by shareholders on January 4, 2022[21] Accounts Receivable and Inventory - The company reported a significant increase in inventory by 89.0%, rising to ¥127,535,798.77 from ¥67,479,599.96, attributed to seasonal business characteristics[10] - The company reported a significant increase in accounts receivable, totaling CNY 493,235,111.03, compared to CNY 525,212,383.68 in the previous quarter[24] - The accounts receivable increased to ¥11,279,763.99 from ¥9,699,974.08 at the beginning of the year[23] Other Financial Information - The company did not conduct an audit for the first quarter report[35] - The company’s cash outflow for financing activities was 2,027,414.58 CNY, compared to 115,831.89 CNY in the previous period, indicating a significant increase in financing costs[34]