北京铜牛信息科技股份有限公司 2022 年第三季度报告 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 证券代码：300895 证券简称：铜牛信息 公告编号：2022-102 北京铜牛信息科技股份有限公司 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。 1 北京铜牛信息科技股份有限公司 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 | 年初至报告期末比上 年初至报告期末 | | | --- | --- | --- | --- | --- | | | | 增减 | 年同期增减 | | | 营业收入（元） | 74,505,535.35 | -18.5 ...

Financial Performance - The company reported a total revenue of 300 million RMB for the first half of 2022, representing a year-on-year increase of 15%[15]. - The net profit attributable to shareholders was 50 million RMB, an increase of 10% compared to the same period last year[15]. - The company's operating revenue for the reporting period was ¥305,592,228.71, representing an increase of 87.21% compared to the same period last year[22]. - The net profit attributable to shareholders was ¥15,209,980.54, a decrease of 47.54% year-over-year[22]. - The company reported a basic earnings per share of ¥0.1265, down 54.87% from ¥0.2803 in the same period last year[22]. - The company’s revenue from cloud services is generated through a pay-as-you-go model, allowing clients to select resource configurations based on their needs[36]. - The company reported a total of 5,058,172 shares held by directors and senior management at the end of the reporting period[148]. - The company reported a total comprehensive income of CNY 40,732,099.76, which is an increase of 81.1% from CNY 22,492,093.30 in the same period last year[172]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by the end of 2023[15]. - The management has set a performance guidance of 20% revenue growth for the full year 2022[15]. - The company aims to become a leading provider of cloud services and integrated internet services in China, focusing on diverse information system service needs[30]. - The company is exploring potential acquisition opportunities to bolster its technology capabilities and expand its service portfolio[15]. - The company aims to capture market opportunities from state-owned enterprises' digital transformation by focusing on large and medium-sized state-owned enterprises and building demonstration projects[98]. - The company plans to enhance its IDC business by leveraging existing internet data centers and targeting regions like Beijing-Tianjin-Hebei, Yangtze River Delta, and Guangdong-Hong Kong-Macao Greater Bay Area for collaboration opportunities[96]. Research and Development - The company has allocated 10 million RMB for research and development in new technologies, focusing on AI and big data analytics[15]. - The company is focusing on developing technology finance, supply chain finance, and green finance to support the digital transformation of traditional industries[53]. - The company has a strong focus on technology research and development, with a dedicated team that has accumulated significant expertise in the field[67]. - The company will strengthen its technology research and development in areas such as cloud data center reliability and industrial internet technology to maintain competitive advantages[99]. Operational Efficiency - A strategic partnership with a leading tech firm is expected to enhance service offerings and improve operational efficiency by 15%[15]. - The company has implemented a business organization model that optimizes internal functions and resource allocation, enhancing operational efficiency[38]. - The company has established a comprehensive quality management system and has passed multiple certifications, including ISO90001 and ISO27001, ensuring operational safety and service quality[66]. Financial Health and Investments - The company has successfully implemented a profit distribution plan and capital reserve conversion to share capital, completed on May 31, 2022[21]. - The company’s cash and cash equivalents at the end of the reporting period were 224,002,131.37, a decrease of 0.81% from the previous year[79]. - The total amount of funds raised by the company is RMB 26,754.38 million, with RMB 2,061.07 million invested during the reporting period[84]. - The cumulative proportion of changed use of raised funds is 0.00%, indicating no changes in the intended use of funds[84]. Industry Trends and Government Policies - The demand for data centers is driven by the digital transformation across various industries, with significant growth in cloud computing and AI applications, particularly accelerated by the COVID-19 pandemic[40]. - The "14th Five-Year Plan" emphasizes the acceleration of digital transformation and the construction of a digital economy, positioning cloud computing as a key component of national strategy[41]. - The government has prioritized data centers as essential infrastructure in the "14th Five-Year Plan," leading to supportive policies that benefit the company's operations[39]. Risks and Challenges - The company faces risks from intensified market competition due to increased investments in data centers and cloud computing, which may lead to a decline in market share if strategies fail[100]. - The company is exposed to technology update risks, as rapid advancements in the software and information services industry require timely adaptation to market changes[101]. - Fixed asset depreciation may exceed new business profits due to significant upfront investments, posing a risk to overall profitability[101]. Shareholder Information - The total number of shares increased from 116,364,180 to 128,000,598 due to a capital reserve conversion, resulting in an increase of 11,636,418 shares, which is a 10% increase[141]. - The largest shareholder, Beijing Fashion Holdings, holds 25.19% of the shares, totaling 32,241,528 shares[146]. - The company has not engaged in any share buyback activities during the reporting period[142]. Miscellaneous - The company has not faced any significant legal disputes or arbitration matters during the reporting period[121]. - The semi-annual financial report has not been audited[119]. - The company emphasizes environmental protection and aims to align with national "dual carbon" goals[113].

Financial Performance - The company's operating revenue for 2021 was ¥303,952,840.16, a decrease of 1.80% compared to ¥309,516,958.77 in 2020[20]. - The net profit attributable to shareholders for 2021 was ¥52,348,704.82, down 5.73% from ¥55,532,519.72 in 2020[20]. - The net cash flow from operating activities was negative at ¥54,230,494.52, a decline of 172.47% compared to ¥74,836,561.89 in 2020[20]. - The total assets at the end of 2021 increased by 12.88% to ¥1,548,185,954.02 from ¥1,371,481,560.46 at the end of 2020[20]. - The basic earnings per share for 2021 was ¥0.4499, a decrease of 35.73% from ¥0.7000 in 2020[20]. - The company's total revenue for the reporting period was 303.95 million yuan, a decrease of 1.80% year-on-year[67]. - The net profit attributable to shareholders was 52.35 million yuan, down 5.73% compared to the previous year[67]. - The EBITDA for the period was 101.06 million yuan, an increase of 3.45% year-on-year, with an EBITDA margin of 33.25%, up 1.69%[67]. Revenue Breakdown - Revenue from data center and cloud services reached 183 million yuan, a year-on-year growth of 26.56%[69]. - The company's internet data center and cloud platform integration service revenue was 99 million yuan, a decrease of 21.24% year-on-year[70]. - Revenue from the internet industry increased by 31.97% to ¥181.01 million, while revenue from the financial industry decreased by 58.42% to ¥46.38 million[75]. - Revenue from IDC and value-added services was ¥183.06 million, representing 60.23% of total revenue, with a year-on-year increase of 26.56%[78]. Investment and R&D - The company increased its R&D personnel ratio to 36.04%, with R&D investment accounting for 5.54% of total revenue[65]. - The company invested ¥16.84 million in R&D, accounting for 5.54% of total revenue, with R&D personnel increasing by 32.26% year-on-year[72]. - The company has launched several R&D projects, including a cloud infrastructure business continuity assurance system and an intelligent energy management system[71]. - The company has completed the development of the Copper Bull Private Cloud Management Platform, aimed at providing independent cloud solutions for clients[89]. Market Position and Strategy - The company aims to become a leading provider of cloud services and integrated internet services in China, focusing on diverse information system service needs[47]. - The company is positioned to benefit from the rapid development of new generation information technologies, including 5G and cloud computing, as outlined in national strategic plans[29]. - The company plans to expand its IDC business across key regions such as Beijing-Tianjin-Hebei, Yangtze River Delta, and Guangdong-Hong Kong-Macau Greater Bay Area[118]. - The company is exploring potential acquisitions in the tech sector, with a budget of 500 million RMB allocated for this purpose[143]. Corporate Governance - The company has established a comprehensive corporate governance structure, including a board of directors, supervisory board, and management team, ensuring clear responsibilities and effective operation[127]. - The board of directors consists of 7 members, including 3 independent directors, serving a term of 3 years[128]. - The company has implemented a transparent performance evaluation and incentive mechanism for senior management, ensuring compliance with legal regulations[130]. - The company maintains independence from its controlling shareholders in terms of assets, personnel, finance, and operations[134]. Risk Management - The company has established a risk management organization to oversee internal control management[174]. - Risks include intensified market competition and potential delays in technology updates, which could impact market competitiveness[122]. - The company has highlighted fixed asset depreciation risks due to significant upfront investments required for business operations[122]. Shareholder Relations and Profit Distribution - The company reported a total distributable profit of RMB 240,328,473.93 for the period[172]. - The company distributed a cash dividend of RMB 0.50 per 10 shares, totaling RMB 5,818,209, which represents 100% of the total profit distribution[172]. - The company has a clear and complete profit distribution policy, ensuring the protection of minority shareholders' rights[171]. - The company has ensured that independent directors fulfilled their responsibilities in the profit distribution process[171]. Digital Transformation and Technology - The company emphasizes the integration of advanced technologies such as big data, cloud computing, and artificial intelligence to enhance service offerings and drive innovation[44]. - The digital transformation is seen as essential for enhancing competitiveness and ensuring survival in a complex economic environment[40]. - The company is committed to enhancing talent acquisition and training to support its growth strategy[121]. Employee Management - The total employee count at the end of the reporting period was 223, with 106 in the parent company and 117 in major subsidiaries[166]. - The company emphasizes employee training and development, organizing various training programs to enhance skills and competencies[169]. - The company has a structured salary management system, with different compensation schemes based on job nature and level, including annual salary for middle and senior management[167]. Future Outlook - The company provided a revenue guidance of 1.8 billion RMB for the next fiscal year, expecting a growth rate of approximately 20%[143]. - The company plans to enhance its online sales channels, targeting a 25% increase in e-commerce revenue by the end of 2022[143]. - The company aims to leverage digital transformation opportunities in state-owned enterprises, focusing on large and medium-sized state-owned enterprises[120].

Revenue and Profit - The company's revenue for Q1 2022 was ¥118,521,371.65, representing a 102.00% increase compared to ¥58,673,604.86 in the same period last year[4] - Net profit attributable to shareholders was ¥8,942,325.33, a slight increase of 1.81% from ¥8,783,409.96 year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥8,968,416.99, up 43.80% from ¥6,236,605.48 in the previous year[4] - The company's net profit for Q1 2022 was not explicitly stated, but the increase in revenue and costs suggests a focus on growth despite rising expenses[22] - The net profit for Q1 2022 was CNY 8,104,370.49, a decrease from CNY 8,314,738.19 in Q1 2021, representing a decline of approximately 2.52%[23] - The total profit for Q1 2022 was CNY 10,052,956.59, compared to CNY 10,111,873.25 in the same period last year, indicating a slight decrease of about 0.58%[23] - Operating profit for Q1 2022 was CNY 10,083,534.37, an increase from CNY 7,115,632.67 in Q1 2021, reflecting a growth of approximately 41.5%[23] Cash Flow - The net cash flow from operating activities improved by 59.60%, reaching -¥38,483,757.96 compared to -¥95,250,595.99 in the same period last year[4] - Cash flow from operating activities showed a net outflow of CNY -38,483,757.96 in Q1 2022, an improvement from CNY -95,250,595.99 in Q1 2021[26] - The net cash flow from investment activities decreased by 420.01%, mainly due to payments for the procurement of cloud computing platform phase four[9] - Total cash inflow from investment activities in Q1 2022 was CNY 130,035,840.00, while cash outflow was CNY 28,862,627.76, resulting in a net cash outflow of CNY -28,862,627.76[26] - The company reported a decrease in cash flow from financing activities, with a net inflow of CNY 5,000,118.00 in Q1 2022[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,552,049,300.62, a 0.25% increase from ¥1,548,185,954.02 at the end of the previous year[4] - The total assets of the company as of March 31, 2022, were ¥1,552,049,300.62, slightly up from ¥1,548,185,954.02 at the beginning of the year[20] - The total liabilities decreased to ¥346,796,620.51 from ¥353,487,762.39, a reduction of about 2%[19] - The company's equity attributable to shareholders increased to ¥1,171,944,286.15 from ¥1,163,001,960.82, showing a growth of approximately 1%[20] Operating Costs and Expenses - Operating costs rose by 128.49% year-on-year, mainly due to increased costs in system integration services and depreciation of fixed assets[8] - Total operating costs for Q1 2022 were ¥108,441,703.94, up from ¥49,595,862.11 in the previous year, indicating an increase of about 118%[22] - Research and development expenses increased by 66.83% compared to the previous year, attributed to higher personnel costs and depreciation of R&D equipment[8] - Research and development expenses for Q1 2022 were ¥4,711,049.09, compared to ¥2,823,874.43 in the previous year, reflecting an increase of about 67%[22] Accounts Receivable and Inventory - Accounts receivable increased by 65.46% compared to the beginning of the year, primarily due to delayed payments from some customers and increased revenue[7] - Accounts receivable rose to ¥227,237,433.27 from ¥137,336,687.20, reflecting a growth of approximately 65%[18] - Cash and cash equivalents decreased to ¥192,015,422.45 from ¥254,867,853.12, a decline of about 25%[17] - Inventory levels decreased to ¥204,856,432.99 from ¥225,920,617.40, indicating a reduction of approximately 9%[18] Non-Operating Income - The company reported a 101% decrease in non-operating income compared to the previous year, as there were no government subsidies received in the current period[8] Earnings Per Share - The basic and diluted earnings per share for Q1 2022 were both CNY 0.0768, down from CNY 0.0906 in Q1 2021, a decrease of about 15.5%[24] Audit Status - The company did not conduct an audit for the Q1 2022 report[28]

Financial Performance - The company's revenue for Q3 2021 reached ¥91,464,571.72, representing a year-on-year increase of 29.37%[3] - Net profit attributable to shareholders was ¥14,395,344.50, up 41.25% compared to the same period last year[3] - The net profit after deducting non-recurring gains and losses was ¥14,286,125.14, an increase of 52.46% year-on-year[3] - Total operating revenue for Q3 2021 reached RMB 254.70 million, an increase of 15.6% compared to RMB 220.33 million in the same period last year[21] - The net profit for Q3 2021 was CNY 41,617,942.98, an increase from CNY 36,510,075.38 in the same period last year, representing a growth of approximately 14.4%[22] - Operating profit for Q3 2021 was CNY 40,431,453.82, slightly down from CNY 42,523,507.28 in Q3 2020, indicating a decrease of about 4.9%[22] - The total comprehensive income for Q3 2021 was CNY 41,617,942.98, compared to CNY 36,510,075.38 in Q3 2020, marking an increase of approximately 14.4%[23] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,464,288,065.72, reflecting a 6.77% increase from the end of the previous year[4] - Total assets as of September 30, 2021, amounted to RMB 1.46 billion, compared to RMB 1.37 billion at the end of 2020, indicating a growth of 6.7%[18] - Total liabilities increased to RMB 282.93 million from RMB 222.20 million, a rise of 27.3%[18] - Total current assets amounted to 724,887,810.15, with cash and cash equivalents at 440,847,002.58[28] - Total current liabilities were 222,195,291.34, with accounts payable at 38,714,729.41 and notes payable at 157,350,541.00[30] - Total equity attributable to shareholders was 1,118,410,868.00, with retained earnings of 199,874,955.58[30] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥51,778,360.71, a significant decrease of 347.97% compared to the previous year[3][10] - The cash flow from operating activities showed a net outflow of CNY -51,778,360.71, a significant decline from a net inflow of CNY 20,880,750.07 in the same quarter last year[25] - Investment activities resulted in a net cash outflow of CNY -38,859,883.91, compared to a larger outflow of CNY -53,758,814.40 in Q3 2020[25] - Cash and cash equivalents decreased to RMB 272.41 million from RMB 440.85 million at the end of 2020, a decline of 38.1%[17] - Cash and cash equivalents at the end of Q3 2021 were CNY 212,337,760.09, a decrease from CNY 420,557,240.26 at the end of Q3 2020[26] - The company experienced a significant increase in cash received from sales of goods and services, totaling CNY 224,250,491.95, compared to CNY 167,029,233.64 in the previous year[24] Expenses and Investments - Total operating costs for Q3 2021 were RMB 210.83 million, up 19.5% from RMB 176.38 million in Q3 2020[21] - Research and development expenses increased to RMB 9.30 million, representing a 45.5% rise from RMB 6.38 million in the previous year[21] - The company reported a decrease in income tax expenses to CNY 1,934,303.24 from CNY 6,008,431.90 in the same quarter last year, indicating a reduction of approximately 67.8%[22] Inventory and Receivables - The company reported a 138.39% increase in inventory compared to the beginning of the year, attributed to ongoing project deliveries[8] - Accounts receivable rose significantly to RMB 119.36 million, compared to RMB 45.46 million at the end of 2020, marking a 162.5% increase[17] - Inventory increased to RMB 182.55 million, up from RMB 76.58 million, reflecting a 138.5% growth[17] Future Plans and Strategies - The company plans to continue expanding its cloud platform construction projects, which have seen significant investment increases[8] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[21] Other Information - The company's equity attributable to shareholders reached RMB 1.15 billion, up from RMB 1.12 billion, reflecting a growth of 3.1%[19] - The third quarter report was not audited, indicating a preliminary financial status[32] - The company has implemented new leasing standards starting from 2021, affecting prior comparative data[31] - The report highlights a focus on enhancing asset management and financial stability moving forward[32]

Financial Performance - The company's operating revenue for the reporting period was ¥163,236,249.84, representing a 9.09% increase compared to ¥149,634,021.80 in the same period last year[23]. - The net profit attributable to shareholders was ¥28,991,673.26, an increase of 8.35% from ¥26,757,121.76 year-on-year[23]. - The net cash flow from operating activities was -¥73,954,481.23, a significant decrease of 268.19% compared to ¥43,971,786.48 in the previous year[23]. - The total assets at the end of the reporting period were ¥1,448,655,005.09, reflecting a 5.63% increase from ¥1,371,481,560.46 at the end of the previous year[23]. - The net assets attributable to shareholders increased by 1.82% to ¥1,138,724,455.09 from ¥1,118,410,868.00 at the end of the previous year[23]. - The basic earnings per share decreased by 23.81% to ¥0.2803 from ¥0.3679 in the same period last year[23]. - The company's total revenue for the reporting period was 134,625,900.09 CNY, representing a year-on-year increase of 5.30%[55]. - The gross profit margin for IDC and value-added services was 38.16%, a decrease of 3.01% compared to the previous year[53]. - The company's operating costs increased by 16.61% for IDC and value-added services, totaling 50,781,937.85 CNY[53]. Investment and Funding - The total amount of raised funds is RMB 26,754.38 million, with RMB 7,638.41 million invested during the reporting period[63]. - Cumulative investment of raised funds reached RMB 17,869.18 million, with RMB 16,808.91 million allocated to cloud platform construction and RMB 1,060.27 million to R&D center construction[64]. - The cloud computing platform construction project has achieved 71.53% of its planned investment progress, while the R&D center construction project has reached 32.58%[64]. - As of June 30, 2021, the company has a remaining balance of raised funds amounting to RMB 91,609.4 million, generating interest income of RMB 2.7594 million[65]. - The company has not changed the use of raised funds, and there are no significant changes in project feasibility[66]. Market and Business Strategy - The company aims to become a leading provider of cloud services and integrated internet services in China, focusing on diverse information system service needs[30]. - The company emphasizes its focus on technological development and market expansion strategies[16]. - The company is focusing on cloud video conferencing and cloud monitoring SaaS products, responding to changes in customer demand due to the pandemic[39]. - The company has implemented a "dedicated cloud" business model to replace traditional private cloud construction, facilitating project implementation under pandemic conditions[39]. - The company is enhancing its technical innovation capabilities, establishing a comprehensive solution for industrial internet from data generation to industrial big data platforms[39]. - The company is leveraging government policies that support the development of cloud computing and related industries to drive growth[42]. - The data center industry is expected to move towards green and intensive development, with a focus on improving energy efficiency and overall utilization rates[43]. Risks and Challenges - The company faces risks from intensified market competition due to increased investments in data centers and cloud computing, which may lead to a decline in market share and overall gross margins[72]. - The company operates in a rapidly evolving technology sector, necessitating continuous innovation and adaptation to market trends to mitigate technology update risks[73]. - The company faces risks related to the delay in launching new technology products, which may reduce its market competitiveness[74]. - There is a significant risk of profit decline due to increased depreciation from new fixed assets after the completion of fundraising projects[74]. - The company is highly dependent on a stable and high-quality talent pool, and risks losing key personnel if competitive incentives are not provided[74]. Shareholder Information - The total number of shares increased from 96,970,150 to 116,364,180, representing a 19.94% increase due to the capital reserve conversion[111]. - The number of restricted shares before the change was 73,970,496, which decreased to 87,264,180 after the change, indicating a net increase of 13,293,684 shares[110]. - The proportion of restricted shares decreased from 76.28% to 74.99% following the issuance of new shares[110]. - The company distributed a total of 19,394,030 shares as part of the 2020 annual profit distribution, equating to a 20% increase (2 shares for every 10 shares held)[111]. - The largest shareholder, Beijing Fashion Holdings, increased its restricted shares from 24,425,400 to 29,310,480, a rise of 19.06%[114]. - The total number of shares held by foreign investors remains at 0, indicating no foreign investment in the company[110]. Financial Reporting and Compliance - The financial report is guaranteed to be true, accurate, and complete by the company's management[5]. - The report period covers from January 1, 2021, to June 30, 2021[14]. - The financial report for the first half of 2021 was not audited[129]. - The company adheres to the Chinese Accounting Standards, ensuring the financial statements reflect a true and complete view of its financial position as of June 30, 2021[173]. - The financial statements were prepared based on the going concern principle, ensuring no significant issues affecting the company's operations for at least 12 months from the reporting date[171]. Operational Insights - The company has established a strong procurement relationship with major telecom operators, ensuring a stable supply of bandwidth and IP resources[32]. - The company has developed a professional marketing team to enhance customer relationship management and expand market reach through various channels[30]. - The company operates self-built data centers, enhancing control over operations and reducing costs, which supports business stability and sustainability[47]. - The company has accumulated extensive operational experience and established a robust quality management system, certified by multiple international standards[48]. - The company has a strong presence in the Beijing-Tianjin region, with data centers located in key economic areas, providing access to a rich pool of high-end clients[46].

Financial Performance - The company's operating revenue for Q1 2021 was ¥58,673,604.86, representing a 33.02% increase compared to ¥44,110,256.81 in the same period last year[9]. - The net profit attributable to shareholders for Q1 2021 was ¥8,783,409.96, up 7.40% from ¥8,178,482.82 year-on-year[9]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 18.61% to ¥6,236,605.48 from ¥7,662,336.42 in the previous year[9]. - Basic earnings per share decreased by 19.47% to ¥0.0906 from ¥0.1125 year-on-year[9]. - The company reported a total profit for Q1 2021 of CNY 10,111,873.25, an increase from CNY 9,985,266.37 in the previous period[44]. - The operating profit for Q1 2021 was CNY 10,115,632.68, compared to CNY 9,985,266.37 in the same period last year[44]. - The total comprehensive income for Q1 2021 was CNY 8,314,738.19, compared to CNY 8,489,585.17 in the previous year[44]. Cash Flow and Financial Position - The net cash flow from operating activities was negative at -¥95,250,595.99, a decline of 782.46% compared to -¥10,793,711.39 in the same period last year[9]. - The company reported a cash balance of CNY 340,081,781.92 as of March 31, 2021, down from CNY 440,847,002.58 at the end of 2020[33]. - The cash and cash equivalents at the end of the period amounted to 210,009,306.51 CNY, down from 310,774,527.17 CNY at the beginning of the period[52]. - The company incurred a total cash outflow from operating activities of 152,164,990.48 CNY, compared to 39,955,716.35 CNY in the previous period[51]. - The net cash flow from financing activities was -2,000,000.00 CNY, indicating cash outflows related to financing[52]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,383,339,805.07, an increase of 0.86% from ¥1,371,481,560.46 at the end of the previous year[9]. - Total liabilities increased to CNY 228,702,108.53 from CNY 226,219,624.41, reflecting a slight rise in financial obligations[39]. - Total current liabilities stood at 226,219,624.41, with accounts payable at 46,670,914.62 and contract liabilities at 19,929,704.88[62]. - Total equity was reported at 1,098,877,605.22, with retained earnings slightly adjusted to 180,949,805.38[62]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,209[12]. - The top two shareholders, Beijing Fashion Holdings and Beijing Tongniu Group, hold 25.19% and 24.80% of the shares, respectively[12]. Research and Development - Research and development expenses in Q1 2021 increased by 43.16% year-on-year, primarily due to higher depreciation of R&D personnel and equipment[19]. - Research and development expenses for Q1 2021 were CNY 2,823,874.43, up from CNY 1,972,552.71, highlighting a commitment to innovation[42]. Government Support and Subsidies - The company received government subsidies amounting to ¥3,000,000.00 during the reporting period[10]. - The company received a listing reward of 3 million yuan from the Beijing government during the reporting period[19]. Operational Challenges and Strategies - The company maintained a stable growth trajectory despite the challenges posed by the COVID-19 pandemic and global economic downturn[21]. - The company actively explored industrial internet-related businesses, enhancing its ability to provide comprehensive solutions from data generation to industrial big data platforms[21]. Investment and Capital Management - Total funds raised in the quarter amounted to CNY 26,754.38 million, with CNY 120.06 million invested during the quarter[25]. - Cumulative investment from raised funds reached CNY 10,350.83 million, with no changes in usage reported[25]. - The company plans to use unutilized raised funds for investment projects and cash management[26]. - The cloud computing platform construction project has a total committed investment of CNY 30,245 million, with CNY 23,500 million allocated and 44.05% of the project completed as of the report date[25].

Financial Performance - The company reported a net profit margin of 12% for the fiscal year 2020, an increase from 10% in 2019[13]. - The company's operating revenue for 2020 was ¥309,516,958.77, representing a 17.98% increase compared to ¥262,340,076.02 in 2019[18]. - The net profit attributable to shareholders for 2020 was ¥55,532,519.72, a 5.06% increase from ¥52,859,908.15 in 2019[18]. - The net cash flow from operating activities increased by 42.34% to ¥74,836,561.89 in 2020, up from ¥52,575,878.44 in 2019[18]. - The total assets of the company reached 500 million CNY, reflecting a growth of 30% compared to the previous year[13]. - The company's total revenue for the reporting period was 309.52 million yuan, an increase of 17.98% year-on-year[54]. - EBITDA for the period reached 97.69 million yuan, up 25.76% from the previous year, with an EBITDA margin of 31.56%[54]. - The company's basic earnings per share decreased by 27.08% to ¥0.70 in 2020, down from ¥0.96 in 2019[18]. - The company achieved revenue and profit growth in 2020 despite the challenges posed by the COVID-19 pandemic and global economic downturn[36]. Market Expansion and Future Outlook - Future outlook indicates a projected revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion strategies[13]. - Market expansion efforts include entering two new provinces, aiming for a 25% increase in market share within those regions[13]. - The company is exploring potential mergers and acquisitions to enhance its service offerings and market presence[13]. - The company plans to expand its market presence and enhance its product offerings in the coming year[69]. - The company is focusing on developing its industrial internet business, targeting growth in industrial internet platforms and edge computing to create new market opportunities[110]. - The company plans to invest 100 million in R&D for new technologies over the next two years[198]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2022[198]. Research and Development - The company is investing in R&D for new technologies, with a budget allocation of 10 million CNY for the upcoming year[13]. - The proportion of R&D personnel increased from 25.87% to 32.63%, with R&D investment rising by 45.40% compared to the previous reporting period[52]. - Research and development expenses reached ¥12,795,800.54, a 45.40% increase from ¥8,800,565.32 in the previous year, accounting for 4.13% of operating revenue[81]. - The company has accumulated 81 software copyrights and 9 utility model patents, strengthening its technological foundation[52]. Cash Dividends and Shareholder Returns - The company plans to distribute a cash dividend of 0.8 CNY per 10 shares (including tax) based on a total of 96,970,150 shares, with no bonus shares issued[6]. - The total cash dividend for 2020 was 7,757,612.00, while the total cash dividend for 2019 and 2018 was 0.00, indicating a significant increase in shareholder returns[120]. - In 2020, the company declared a cash dividend of 7,757,612.00, representing 13.97% of the net profit attributable to ordinary shareholders[120]. - The company has committed to a cash dividend distribution to enhance investor supervision over its operations and distribution[132]. Operational Efficiency and Cost Management - The company aims to improve its Power Usage Effectiveness (PUE) ratio to below 1.5 in its data centers by the end of 2021[13]. - The company emphasizes innovation across various dimensions, including business, model, technology, and organization, as a key driver for growth[36]. - The company has implemented a customer service management system to enhance customer satisfaction and retention, contributing to sustained business growth[30]. - The company has established a robust quality management system, having obtained multiple certifications including ISO9001 and ISO27001[51]. - The company intends to control costs and expenses effectively while strengthening internal control management to mitigate operational risks[132]. Strategic Initiatives and Technology - The company launched a "dedicated cloud" business model to address project implementation challenges during the pandemic[37]. - The company has developed a comprehensive industrial internet application solution, integrating data collection, edge processing, and big data analysis[48]. - The company has implemented a new IPv6 network to meet the needs of state-owned enterprise clients, enhancing service offerings[55]. - The company is committed to providing integrated digital solutions, leveraging its IDC services and cloud computing capabilities to differentiate itself in the market[109]. Shareholder Structure and Governance - The company’s shareholder structure includes significant holdings by state-owned entities, with 70.40% of shares held by state-owned legal persons[171]. - The controlling shareholder is Beijing Fashion Holdings, a state-owned legal entity, which has not changed during the reporting period[182]. - The actual controller is the State-owned Assets Supervision and Administration Commission of the Beijing Municipal Government, which also remained unchanged during the reporting period[183]. - The company has not reported any changes in its equity structure or significant shareholder relationships during the reporting period[182]. Compliance and Regulatory Matters - The company has committed to strict adherence to its previously made promises regarding share buybacks and repurchase measures[130]. - The company will ensure compliance with legal and regulatory requirements when formulating plans for shareholding increases by directors and senior management[126]. - The company has not reported any non-standard audit reports for the recent period[136]. - The company is committed to transparency and will publicly apologize for any unfulfilled commitments[134].

Financial Performance - Operating revenue for the current period was CNY 70,697,436.60, representing a year-on-year increase of 20.68%[7] - Net profit attributable to shareholders decreased by 0.72% to CNY 10,191,716.67 compared to the same period last year[7] - Basic earnings per share decreased by 33.33% to CNY 0.14[7] - The weighted average return on equity was 3.70%, down 1.87 percentage points from the previous year[7] - Total operating revenue for Q3 2020 was CNY 70,697,436.60, an increase from CNY 58,582,792.39 in the previous period[33] - Net profit attributable to shareholders increased to CNY 175,764,325.24 from CNY 138,585,543.30 year-over-year[31] - The net profit for Q3 2020 was CNY 9,428,773.64, compared to CNY 9,996,410.89 in the same period last year, reflecting a decrease of approximately 5.7%[36] - The total comprehensive income for Q3 2020 was CNY 9,428,773.64, compared to CNY 9,996,410.89 in the same period last year[36] Assets and Liabilities - Total assets increased by 30.00% to CNY 1,206,503,397.42 compared to the end of the previous year[7] - The company’s total assets as of September 30, 2020, amounted to CNY 1.21 billion, up from CNY 928.09 million at the end of 2019[26] - Total assets as of September 30, 2020, reached CNY 1,173,312,777.24, compared to CNY 891,290,466.20 at the end of 2019[30] - The company's total liabilities included an increase of 51.46% in accounts payable compared to the beginning of the year, due to payments made via acceptance bills for system integration projects[15] - Total liabilities decreased to CNY 84,614,851.98 from CNY 107,028,017.10 year-over-year[31] - The total liabilities of the company stood at ¥101,479,408.07, with total assets amounting to ¥928,085,715.93[59] Cash Flow - Net cash flow from operating activities decreased by 47.95% to -CNY 23,091,036.41 compared to the same period last year[7] - Net cash flow from operating activities increased by 141.36% year-on-year, driven by a VAT refund of CNY 12.17 million and reduced payments to suppliers[17] - The net cash flow from operating activities was approximately ¥20.88 million, a significant improvement from a negative cash flow of ¥50.48 million in the same quarter last year[50] - The company reported a net cash increase of approximately ¥241.29 million in cash and cash equivalents, compared to a decrease of ¥150.77 million in the previous year[51] - The cash flow from operating activities showed a positive trend, indicating improved operational efficiency and cash management[52] Shareholder Information - Net assets attributable to shareholders increased by 38.17% to CNY 1,098,932,014.54 compared to the end of the previous year[7] - The total number of ordinary shareholders at the end of the reporting period was 26,179[11] - The top two shareholders, Beijing Fashion Holdings and Beijing Tongniu Group, hold 25.19% and 24.80% of shares respectively[11] - The company's equity attributable to shareholders rose to CNY 1,088,697,925.26 from CNY 784,262,449.10[31] Expenses and Costs - Operating costs for the same period increased by 33.80% year-on-year, reflecting higher costs associated with completed system integration projects[16] - Research and development expenses for Q3 2020 were CNY 2,364,663.99, compared to CNY 1,557,096.17 in the previous period[34] - The company’s research and development expenses for Q3 2020 were CNY 1,684,521.88, significantly lower than CNY 6,544,380.70 in the previous year[38] Government Support - The company received government subsidies amounting to CNY 28,349.96 during the reporting period[9] Future Outlook - The company plans to expand its market presence and invest in new technologies to drive future growth[45] - The company plans to continue focusing on investment activities to enhance its asset base and operational capabilities[52] Miscellaneous - The company has not disclosed any new product developments or technological advancements in this report[63] - The report indicates that the company has not undergone an audit for the third quarter[63] - The company has not provided specific guidance or outlook for future performance in this report[63]