Financial Performance - The company's operating revenue for Q1 2021 was ¥2,392,110.99, a decrease of 82.95% compared to ¥14,029,073.62 in the same period last year[9] - The net profit attributable to shareholders was a loss of ¥5,677,365.51, representing a decline of 362.97% from a profit of ¥2,158,972.03 in the previous year[9] - The company reported a net loss of CNY 5,853,474.43 for Q1 2021, compared to a net profit of CNY 2,054,712.29 in the same period last year, indicating a significant decline in profitability[46] - The company's operating profit was negative at CNY -10,758,672.89, compared to a profit of CNY 1,824,973.02 in the previous year[46] - The total comprehensive income for the period was CNY -5,853,474.43, compared to CNY 2,054,712.29 in the previous year, indicating a substantial decline[47] Cash Flow - The net cash flow from operating activities was -¥56,982,484.24, showing a slight increase of 2.87% compared to -¥55,391,424.35 in the same period last year[9] - Cash flow from operating activities was CNY 38,918,648.07, compared to CNY 23,823,425.20 in the previous year, showing an increase of approximately 63.5%[53] - Total cash inflow from operating activities was 53,706,785.71 CNY, while cash outflow was 110,689,269.95 CNY, resulting in a net cash flow of -56,982,484.24 CNY[54] - The cash and cash equivalents at the end of Q1 2021 were 398,148,648.00 CNY, down from 505,432,096.09 CNY at the beginning of the quarter[55] - The company experienced a decrease in cash and cash equivalents of -107,283,448.09 CNY during Q1 2021[55] Assets and Liabilities - Total assets at the end of the reporting period were ¥872,494,475.20, down 7.37% from ¥941,939,640.98 at the end of the previous year[9] - The net assets attributable to shareholders decreased by 7.94%, from ¥769,386,897.15 to ¥708,266,064.40[9] - The company's total assets as of March 31, 2021, were CNY 891,454,170.60, down from CNY 953,200,242.24 at the end of 2020[41] - Total liabilities decreased to CNY 225,584,001.64 from CNY 231,680,082.08, reflecting improved financial management[42] - The company's equity attributable to shareholders decreased to CNY 665,870,168.96 from CNY 721,520,160.16, indicating a decline in retained earnings[42] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 14,085[12] - The top shareholder, Zheng Le Guan, holds 16.08% of the shares, totaling 14,853,768 shares[12] Operational Changes - The company has maintained a stable operating model and is restructuring its organizational framework under external consultancy guidance[21] - There were no significant changes in the top five suppliers or customers, indicating normal variations in procurement and sales[22][24] - The company has not encountered any major risks or difficulties affecting future operations during the reporting period[25] Research and Development - Research and development expenses increased by 62.90% to 6,301,463.07, reflecting the company's increased investment in R&D[18] - Research and development expenses increased to CNY 3,434,398.43, up from CNY 2,968,728.56, representing a growth of about 15.6% year-over-year[49] Financial Management - The company reported a financial income of -2,836,809.99, a 199.67% increase, attributed to higher interest income from a larger cash balance[18] - The company recorded a financial expense of CNY -2,820,940.72, which is a significant increase compared to the previous year's financial income of CNY 938,578.70[49] Investment Activities - The company invested 7,932,297.18 in fixed assets and other long-term assets, a significant increase of 268.46% year-on-year, indicating ongoing construction projects[20] - The company invested 42,368,666.67 CNY in fixed assets during Q1 2021, leading to a net cash outflow from investing activities of -50,494,429.34 CNY[58] Compliance and Audit - The company has not disclosed any violations regarding the use and management of raised funds[29] - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[31] - The company has not undergone an audit for the Q1 2021 report[60]

Financial Performance - The company achieved a total operating revenue of 285.98 million RMB and a net profit attributable to shareholders of 67.70 million RMB in 2020, with a net profit margin decline primarily due to the impact of the COVID-19 pandemic [6]. - The net profit after deducting non-recurring gains and losses was 61.06 million RMB, indicating a significant impact from delayed project acceptance and increased bad debt provisions [6]. - The company's operating revenue for 2020 was ¥285,981,118.41, a decrease of 9.25% compared to ¥315,130,194.64 in 2019 [18]. - Net profit attributable to shareholders for 2020 was ¥67,702,805.01, down 15.81% from ¥80,419,953.05 in 2019 [18]. - The net cash flow from operating activities was ¥6,982,106.63, a significant decline of 89.51% compared to ¥66,536,872.18 in 2019 [18]. - Basic earnings per share decreased by 27.59% to ¥0.84 in 2020 from ¥1.16 in 2019 [18]. - The company reported a significant increase in other business income, which rose by 74.61% to CNY 3,065,946.90 [49]. - The company’s revenue from the Southwest region increased by 101.71% to CNY 48,267,694.59, while revenue from the Northeast region decreased by 56.67% [49]. Operational Strategy - The company plans to strengthen accounts receivable management and enhance customer credit control to improve performance moving forward [6]. - The company is focused on converting existing orders into performance and is committed to solidifying management practices [6]. - The company continues to align with industry trends and is actively pursuing market expansion strategies [6]. - The company is focused on virtual simulation solutions in the rail transit, emergency safety, and military ship sectors, optimizing its business structure [43]. - The company plans to enhance its R&D efforts, focusing on new product development in virtual simulation technologies, including VR and AR, to maintain competitive advantage [85]. - A marketing plan will be implemented to expand market coverage and improve service response times, targeting key sales regions across the country [86]. Research and Development - The company invested CNY 26.8024 million in R&D, accounting for 9.37% of its operating revenue, and applied for 97 patents during the reporting period, including 38 invention patents [46]. - The company holds 11 invention patents, 19 utility model patents, and 223 software copyrights, reflecting its strong R&D capabilities [37]. - The company has established partnerships with multiple vocational colleges to enhance R&D and deepen cooperation [43]. Risk Management - Future operational risks and countermeasures are detailed in the report, emphasizing the need for investor awareness regarding potential uncertainties [8]. - The ongoing impact of the COVID-19 pandemic has led to a decline in both revenue and net profit, with the company actively monitoring the situation to mitigate adverse effects [93]. - The company faces risks related to seasonal revenue fluctuations, with a significant portion of annual revenue generated in the fourth quarter due to client budget cycles [92]. Shareholder and Dividend Policies - The board approved a profit distribution plan, proposing a cash dividend of 6 RMB per 10 shares (including tax) based on a total of 92,356,000 shares [8]. - The cash dividend amount represents 100% of the total profit distribution for the period [99]. - The company's distributable profit for the period is 188,784,872.42 CNY [99]. - In 2020, the cash dividend paid was 55,413,600.00 CNY, which accounted for 81.85% of the net profit attributable to ordinary shareholders [104]. - The company has established a three-year dividend return plan to enhance transparency and compliance in its dividend distribution [99]. Compliance and Governance - The company has committed to full compensation for any losses to investors if the company fails to fulfill its commitments [126]. - The company has ensured that all commitments made to minority shareholders have been fulfilled on time [126]. - The company reported no significant litigation or arbitration matters during the reporting period [133]. - The company actively communicated with investors through various channels to ensure transparency and protect investor rights [156]. Market Position and Future Outlook - The company is focused on strengthening its competitive position in the computer simulation training system market, particularly in rail transportation and safety operations [90]. - The company provided a positive outlook for the next quarter, projecting a revenue increase of 10% to 1.32 billion RMB [199]. - New product launches are expected to contribute an additional 200 million RMB in revenue over the next year [199]. - The company is considering strategic acquisitions to bolster its market position, with a budget of 300 million RMB allocated for potential deals [199].

Financial Performance - Operating income for the current period was CNY 50,298,176.68, a decrease of 0.87% year-on-year[9] - Net profit attributable to shareholders increased by 8.84% to CNY 10,002,451.06 compared to the same period last year[9] - Net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 11.54% to CNY 8,126,133.63 compared to the same period last year[9] - Basic earnings per share decreased by 15.38% to CNY 0.11[9] - The weighted average return on equity decreased by 56.12% to 1.39%[9] - The company's operating profit for Q3 2020 was approximately ¥8.98 million, a decrease from ¥10.26 million in the previous period, reflecting a decline of about 13%[36] - Net profit for Q3 2020 reached ¥10.06 million, up from ¥9.31 million year-over-year, indicating an increase of approximately 8%[36] - The total revenue for Q3 2020 was ¥45.72 million, compared to ¥49.76 million in the previous period, representing a decrease of about 8%[39] - The company's basic earnings per share for Q3 2020 was ¥0.11, down from ¥0.13 in the same period last year, a decline of approximately 15%[37] - The total comprehensive income for Q3 2020 was ¥10.06 million, compared to ¥9.31 million in the previous year, showing an increase of approximately 8%[37] Assets and Liabilities - Total assets increased by 71.22% to CNY 840,733,188 compared to the end of the previous year[9] - The company's total assets reached CNY 857,013,453.05, up from CNY 509,097,394.54 at the end of 2019[31] - Current liabilities decreased to CNY 130,988,702.16 from CNY 172,073,617.02, while non-current liabilities remained stable at CNY 30,000,000.00[32] - Total liabilities amounted to ¥127,770,176.35, with total equity at ¥363,265,713.94, resulting in total assets of ¥491,035,890.29[59] - The total current liabilities were ¥172,073,617.02, with accounts payable at ¥104,071,503.36 and short-term borrowings not specified[63] - The company’s total liabilities and equity reached ¥509,097,394.54, indicating a stable financial position[64] Cash Flow - The net cash flow from operating activities was negative at CNY -17,237,185.64, a decrease of 25.79%[9] - The net cash flow from operating activities is -CNY 70,685,594.04, worsening from -CNY 62,168,849.87 in the previous period[50] - The company reported a total of CNY 134,096,611.77 in cash inflows from operating activities, down from CNY 150,312,552.68 in the previous period[50] - The total cash and cash equivalents at the end of the period reached 459,626,746.85 CNY, up from 198,219,817.48 CNY at the beginning of the period[51] - Cash inflow from operating activities totaled 113,188,924.94 CNY, down from 118,005,725.35 CNY in the previous period[52] - Cash outflow from operating activities was 182,235,481.76 CNY, consistent with the previous period's outflow of 182,752,272.51 CNY[52] Shareholder Equity - Net assets attributable to shareholders increased by 101.07% to CNY 726,902,175.09 compared to the end of the previous year[9] - Shareholders' equity increased significantly to CNY 696,024,750.89 from CNY 337,023,777.52, indicating strong growth in equity[32] - The company’s total equity attributable to shareholders was ¥361,512,892.14, with undistributed profits at ¥173,381,322.66[59] Research and Development - Research and development expenses were CNY 6,102,633.13, slightly down from CNY 6,719,849.89, indicating a focus on cost management[35] - Research and development expenses for Q3 2020 amounted to ¥5.93 million, an increase from ¥4.06 million in the previous year, reflecting a growth of about 46%[39] - Research and development expenses increased to CNY 16,794,678.11, up 42.3% from CNY 11,788,424.73 in the previous period[45] - The company is actively investing in new technologies and product development, as evidenced by the increase in R&D expenses, which is crucial for future growth and market expansion[39] Other Income and Expenses - Government subsidies recognized in the current period amounted to CNY 9,453,587[10] - Other income increased by 49.99% to ¥11,162,482.14, primarily from government subsidies and VAT refunds[17] - The company achieved other income of CNY 8,048,437.42, an increase from CNY 5,997,444.27 in the previous period[45] - Financial expenses decreased by 267.35% to -¥2,631,807.01, mainly due to a significant rise in interest income from deposits[17] - The financial expenses showed a significant change, with a net income of -CNY 2,660,797.89 compared to -CNY 649,947.88 in the previous period[45] Compliance and Reporting - The company has implemented the new revenue recognition standards since January 1, 2020, affecting the reporting of retained earnings and comprehensive income[64] - The report indicates a significant focus on compliance with new accounting standards, which may impact future financial reporting[64] - The company has not conducted an audit for the third quarter report[65] - The company has not disclosed any new product developments or market expansion strategies in the current report[64]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥74,290,660.54, a decrease of 16.15% compared to ¥88,601,420.95 in the same period last year[20]. - The net profit attributable to shareholders of the listed company increased by 26.39% to ¥15,273,231.89, up from ¥12,083,753.61 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was ¥9,512,257.94, reflecting an 8.99% increase from ¥8,727,849.64 in the same period last year[20]. - The basic earnings per share increased by 29.41% to ¥0.22, up from ¥0.17 in the same period last year[20]. - The company's operating revenue for the reporting period was ¥74,290,660.54, a decrease of 16.15% compared to the same period last year[48]. - Operating costs decreased by 20.08% to ¥36,016,995.95, primarily due to reduced business promotion expenses influenced by the COVID-19 pandemic[48]. - The company reported a total comprehensive income of ¥11,125,252.16 for the first half of 2020, up from ¥7,148,970.93 in the same period of 2019[145]. - The total comprehensive income for the first half of 2020 was 12,083,753.6 yuan, reflecting a decrease of 8,696,046.39 yuan compared to the previous period[160]. Assets and Liabilities - The company's total assets at the end of the reporting period reached ¥835,828,486.42, a significant increase of 70.22% compared to ¥491,035,890.29 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company rose by 98.32% to ¥716,951,663.65, compared to ¥361,512,892.14 at the end of the previous year[20]. - The company's total assets increased to CNY 856,218,389.85 as of June 30, 2020, up from CNY 509,097,394.54 at the end of 2019[136]. - The company's total liabilities decreased to RMB 117,191,178.56 from RMB 127,770,176.35, a reduction of about 8%[132]. - The total liabilities at the end of the reporting period were 301,870,000 yuan, reflecting the company's financial obligations[164]. Cash Flow - The net cash flow from operating activities was negative at -¥53,448,408.40, worsening from -¥48,465,700.94 in the previous year, a decline of 10.28%[20]. - The net increase in cash and cash equivalents was ¥324,245,612.44, a significant increase of 576.89% due to funds raised from the public offering[49]. - The cash inflow from investment activities totaled 37,022,693.14 CNY, compared to 155,420,418.49 CNY in the previous period[152]. - The company's financing activities generated a net cash flow of ¥393,370,417.84 in the first half of 2020, compared to a net outflow of -¥21,129,800.00 in the same period of 2019[149]. Research and Development - Research and development investment increased by 21.74% to ¥11,454,372.24, indicating a focus on innovation[48]. - The company has established a systematic R&D framework that includes platform, product, and project-level R&D, enhancing its core technology capabilities in rail transit and safety operation fields[36]. - The company plans to increase R&D investment and enhance R&D capabilities to ensure products meet customer needs in new business areas[77]. - Research and development expenses for the first half of 2020 were CNY 11,454,372.24, an increase of 21.9% compared to CNY 9,408,673.09 in the first half of 2019[138]. Market and Business Strategy - The company focuses on providing computer simulation training systems for rail transportation, safety operations, and shipping, with a comprehensive solution approach[27]. - The company is actively expanding into new markets such as shipping, military, and healthcare, providing computer simulation training system solutions[77]. - The company aims to enhance project bidding efforts and diversify product types to mitigate revenue seasonality risks[75]. - The company has developed a comprehensive simulation training product line for rail transit, covering various professional training needs and signed clients across 29 provinces and 18 railway bureau groups in China[41]. Shareholder Information - The total number of shares before the recent change was 69,266,000, which now stands at 92,356,000 after the issuance of 23,090,000 new shares[109]. - The largest shareholder, Zheng Leguan, holds 16.08% of the shares, amounting to 14,853,768 shares[113]. - The company has a total of 69,266,000 restricted shares, which represent 75% of the total shares after the recent issuance[109]. - The company has not reported any share buyback progress during the reporting period[111]. Compliance and Governance - The financial report for the first half of 2020 was not audited[128]. - The company has not engaged in any major litigation or arbitration matters during the reporting period[85]. - The company has not experienced any penalties or rectification situations during the reporting period[86]. - The company has not conducted any major related party transactions during the reporting period[88]. Other Significant Matters - The company has not distributed cash dividends or bonus shares for the half-year period[81]. - There are no other significant matters that need to be disclosed for the reporting period[105]. - The company has not initiated any targeted poverty alleviation work during the reporting period and has no subsequent plans for such initiatives[104].