Dividend Distribution - The company plans to distribute a cash dividend of 5.00 RMB per 10 shares to all shareholders, based on a total share capital of 42,390,000 shares as of December 31, 2021[6]. - The proposed profit distribution plan for 2021 includes a cash dividend of RMB 5.00 per 10 shares, totaling RMB 21,195,000.00 (including tax)[171]. - The cash dividend distribution represents 100% of the total profit distribution for the year[169]. - The company has established a cash dividend policy that requires a minimum of 10% of the distributable profits to be distributed as cash dividends annually[164]. - In the absence of significant investment opportunities, the company aims for a cash dividend ratio of at least 80% during mature development stages without major capital expenditures[164]. - The company will ensure that cumulative cash distributions over any three consecutive fiscal years will not be less than 30% of the average annual distributable profit for those years[193]. - The company will conduct cash dividends annually, with the possibility of mid-term cash dividends based on profitability and funding needs[193]. Financial Performance - The company's operating revenue for 2021 was ¥341,231,535.44, representing a 7.25% increase compared to ¥318,175,821.19 in 2020[18]. - The net profit attributable to shareholders for 2021 was ¥46,890,155.24, a decrease of 35.70% from ¥72,918,368.92 in 2020[18]. - The net profit after deducting non-recurring gains and losses was ¥41,560,863.14, down 39.42% from ¥68,609,957.47 in 2020[18]. - The company's total assets increased by 134.92% to ¥934,091,575.97 at the end of 2021, compared to ¥397,625,825.42 at the end of 2020[18]. - The net assets attributable to shareholders rose by 158.45% to ¥830,674,447.58 at the end of 2021, up from ¥321,406,694.80 at the end of 2020[18]. - The basic earnings per share for 2021 was ¥1.30, a decrease of 43.23% from ¥2.29 in 2020[18]. - The weighted average return on equity for 2021 was 8.72%, down from 25.59% in 2020, reflecting a decline of 16.87%[18]. - The net cash flow from operating activities was negative at -¥62,001,083.27, worsening by 201.19% compared to -¥20,585,387.28 in 2020[18]. Business Operations and Strategy - The company completed the acquisition of two wholly-owned subsidiaries, which have been included in the consolidated financial statements[13]. - The company has established long-term partnerships with many top 100 real estate companies in China, with projects spanning nearly 30 provincial-level administrative regions and over 60 cities[31]. - The company has actively integrated internal and external resources, acquiring companies in the medical and health architecture sector, and has begun to implement a comprehensive business layout of "consultation + integrated design + construction management + operation consulting"[34]. - The company is adapting to the evolving real estate policies, with expectations of a gradual recovery in the market as demand-side policies are relaxed[33]. - The company aims to enhance its medical and health care business as a key strategic focus, alongside strengthening its presence in urban renewal and education sectors[104]. - The company plans to enhance its service offerings by integrating planning consulting, design, construction management, and operational consulting into a comprehensive solution[102]. Research and Development - The company reported R&D expenditure of ¥23,101,240.43 in 2021, representing 6.77% of its operating revenue[74]. - The company completed several key R&D projects in 2021, including a building design system aimed at optimizing energy efficiency and reducing design workload, which is expected to enhance core competitiveness[70]. - The company is working on a cloud-based multi-terminal editing system for architectural design, which is projected to be completed in 2022, aimed at improving collaboration and efficiency in design processes[71]. - The company aims to invest in technology development related to digital transformation, green buildings, and prefabricated construction to strengthen its competitive edge[102]. Corporate Governance - The company has established a sound corporate governance structure in compliance with relevant laws and regulations, ensuring effective operation and management[114]. - The board of directors consists of 7 members, including 3 independent directors, and operates in accordance with legal requirements[116]. - The company maintains independence from its controlling shareholder in terms of business, personnel, assets, and finance, ensuring autonomous operations[124]. - The company has implemented a performance evaluation and incentive mechanism to ensure fair and effective compensation management[119]. - The company strictly adheres to information disclosure obligations, ensuring timely and accurate communication with all shareholders[121]. Market Conditions and Risks - The company has seen a decline in the real estate market due to government policies, with a notable decrease in transaction volume and investment in the sector[33]. - The company is facing risks from macroeconomic fluctuations, which could adversely affect market demand for its services[106]. - The company has identified risks related to talent retention in a competitive market for high-end design professionals[109]. - Future changes in tax incentives could impact the company's financial performance, as it currently benefits from a reduced corporate tax rate of 15%[110]. Employee Management - The total number of employees at the end of the reporting period was 591, with 524 from the parent company and 67 from major subsidiaries[159]. - The company has a total of 72 employees with a master's degree or above, and 463 employees with a bachelor's degree[159]. - The company emphasizes a fair and reasonable salary system, with performance-based compensation as a key component[160]. - The company has implemented a comprehensive training strategy to enhance employee capabilities and support business development[161]. Stock Management and IPO - The company was officially listed on the Shenzhen Stock Exchange on July 28, 2021, after receiving approval from the China Securities Regulatory Commission[162]. - The stock price conditions for extending the lock-up period are based on the closing price performance relative to the offering price[189]. - The company commits to not transferring or entrusting the management of shares for 36 months post-IPO[189]. - The company will ensure that any stock dividend distribution will not compromise the minimum cash dividend ratio and will be based on growth potential and financial health[193].

Financial Performance - The company's operating revenue for Q3 2021 was ¥78,467,796.30, a decrease of 5.80% compared to the same period last year[3]. - Net profit attributable to shareholders was ¥7,129,333.84, down 62.01% year-on-year[3]. - The basic earnings per share decreased by 71.51% to ¥0.1682[3]. - Total operating revenue for the current period reached ¥237,105,019.28, an increase of 10.2% compared to ¥215,136,848.68 in the previous period[27]. - Net profit for the current period was ¥41,936,840.61, a decrease of 19.6% from ¥52,175,863.83 in the same period last year[28]. - Basic and diluted earnings per share were both ¥0.9893, down from ¥1.6413 in the previous period[29]. - The company reported a decrease in tax expenses to ¥5,838,664.83 from ¥7,942,970.14 in the previous period, a reduction of 26.5%[28]. Assets and Liabilities - Total assets increased by 127.94% to ¥906,347,731.22 compared to the end of the previous year[3]. - As of September 30, 2021, the total assets amounted to RMB 906.35 million, a significant increase from RMB 397.63 million as of December 31, 2020[24][26]. - The company's total current assets reached RMB 838.30 million, up from RMB 362.74 million in the previous year[24]. - Total liabilities as of September 30, 2021, were RMB 80.63 million, compared to RMB 76.22 million at the end of 2020[25]. - The total liabilities increased from CNY 76,219,130.62 to CNY 96,113,010.00, primarily due to the addition of lease liabilities[37]. - Non-current assets rose significantly due to the recognition of right-of-use assets amounting to CNY 21,332,619.21, while non-current liabilities also increased by the same amount due to lease liabilities[38]. Cash Flow - Cash flow from operating activities showed a net outflow of ¥71,181,642.17, a significant decrease of 447.96%[3]. - Cash flow from operating activities showed a net outflow of ¥71,181,642.17, worsening from a net outflow of ¥12,990,279.56 in the prior period[32]. - Cash flow from investing activities resulted in a net outflow of ¥120,896,525.74, compared to a net outflow of ¥8,745,101.36 last year[32]. - Cash flow from financing activities generated a net inflow of ¥462,643,189.57, contrasting with a net outflow of ¥840,130.00 in the previous period[33]. - The total cash and cash equivalents at the end of the period were ¥313,540,923.29, significantly up from ¥51,055,686.92 at the end of the previous period[33]. - Cash and cash equivalents stood at RMB 313.54 million, a substantial increase from RMB 41.04 million at the end of 2020[23]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 9,800[11]. - The largest shareholder, Shanghai Hop Investment Co., Ltd., holds 63.69% of the shares, totaling 27,000,000 shares[11]. - Following the IPO, the total number of shares increased from 31.79 million to 42.39 million[16]. - The company’s registered capital was increased from RMB 31.79 million to RMB 42.39 million after the IPO[18]. Acquisitions and Investments - The company made prepayments of ¥17,864,690.02 for the acquisition of two architectural design firms, reflecting a 347.53% increase in prepayments[8]. - The company recognized goodwill of ¥10,551,065.93 due to the acquisition of Shanghai Qianxu Project Management Co., Ltd.[8]. - The company acquired 100% equity of Shanghai Xiamuxi Architectural Design Co., Ltd. and 100% partnership interest of Shanghai Lixiang Architectural Design Firm for a total of RMB 46.7 million[19]. - The company utilized RMB 37.36 million of raised funds to partially pay for the acquisition of Xiamuxi and Lixiang[19]. - The acquisition of Shanghai Qianxu Engineering Project Management Co., Ltd. was completed for RMB 12.8 million using the company's own funds[21]. Financial Management and Compliance - The company has actively tracked the operational progress of Urban Hop to ensure the safety of its funds[15]. - The company has not identified any significant impact on its daily operations due to the loan extension[15]. - The company has revised its articles of association following the change in company type to a publicly listed company[18]. - The company completed all necessary business registration changes for the acquisitions and received new business licenses[20]. - The financial adjustments reflect the company's compliance with new accounting standards, enhancing transparency in financial reporting[38]. - The company continues to monitor its financial position closely, ensuring alignment with regulatory requirements and market conditions[39]. - The company has not undergone an audit for the third quarter report, which may affect the reliability of the financial data presented[39].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥158,637,222.98, representing a 20.33% increase compared to ¥131,835,059.79 in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2021 was ¥34,807,525.90, a 4.18% increase from ¥33,410,478.22 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was ¥32,739,870.20, which is a 10.43% increase from ¥29,647,374.20 in the same period last year[21]. - The basic earnings per share for the first half of 2021 was ¥1.09, up 3.81% from ¥1.05 in the same period last year[21]. - The diluted earnings per share also stood at ¥1.09, reflecting the same 3.81% increase compared to the previous year[21]. - The total comprehensive income for the first half of 2021 was ¥34,864,810.06, compared to ¥32,898,805.98 in the same period of 2020[145]. - The net profit for the first half of 2021 was ¥34,864,810.06, compared to ¥32,898,805.98 in the first half of 2020, reflecting a growth of approximately 5.9%[144]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥45,041,334.05, a significant decline of 354.35% compared to -¥9,913,458.51 in the previous year[21]. - The company's cash and cash equivalents decreased to CNY 18,665,115.77, down 6.28% from CNY 41,038,612.69 at the end of the previous year, indicating liquidity challenges[58]. - The cash flow from operating activities showed a net outflow of ¥45,041,334.05 in the first half of 2021, worsening from a net outflow of ¥9,913,458.51 in the same period of 2020[148]. - The company reported a total cash inflow from operating activities of 104,077,698.64 CNY, while cash outflow was 149,096,539.22 CNY, leading to a negative cash flow situation[152]. - The ending cash and cash equivalents balance decreased to 16,510,585.53 CNY at the end of the first half of 2021, down from 58,092,806.59 CNY at the end of the first half of 2020, reflecting a decline of approximately 71.6%[152]. Assets and Liabilities - Total assets at the end of the reporting period were ¥461,518,595.63, reflecting a 16.07% increase from ¥397,625,825.42 at the end of the previous year[21]. - The company's total liabilities increased to ¥105,304,374.93 from ¥76,219,130.62, marking a rise of approximately 38.2%[132]. - The company's total accounts receivable at the end of the reporting period was CNY 361,985,961.36, representing an increase of 21.05% compared to the previous year, accounting for 78.43% of total assets[68]. - The company's fixed assets increased to CNY 7,796,393.07, up from CNY 6,023,775.39, reflecting a growth of 29.49%[58]. - The total equity attributable to shareholders increased to ¥360,852,349.20 from ¥325,987,539.14, reflecting a growth of 10.7%[137]. Business Operations - The company's main business is architectural design, focusing on conceptual planning, scheme design, and preliminary design consulting services[29]. - The company operates through two main project acquisition models: bidding and direct commissioning, leveraging established business channels and strong brand reputation[30]. - The architectural design industry is experiencing growth due to China's steady economic expansion, with GDP increasing from ¥41,211.93 billion in 2010 to ¥99,086.51 billion in 2019[37]. - The company has established a strong reputation in the industry, receiving multiple awards, including the "2018-2019 Excellent Design Contribution Award" in the real estate sector[35]. - The company has formed long-term partnerships with several top 100 real estate enterprises, with projects spanning nearly 30 provincial-level administrative regions and over 60 cities[35]. Research and Development - The company's R&D investment was ¥9,465,854.71, showing a slight increase of 0.35% compared to the previous year[54]. - The company has a strong commitment to research and development, aiming to innovate and improve its design capabilities[167]. - The company has initiated research and development for new products aimed at increasing market share[162]. Market Conditions and Risks - The ongoing urbanization and infrastructure development in China are expected to provide strong market demand for the architectural design industry[39]. - The company faces risks related to macroeconomic fluctuations and real estate industry regulations, which could adversely affect its business performance[70]. - The real estate industry is facing risks due to potential government tightening of market regulations, which may lead to a slowdown in company performance and cash flow[71]. - The ongoing COVID-19 pandemic poses risks to project progress and future operating performance if not effectively controlled[72]. Corporate Governance - The company has maintained a stable management team with no changes in directors or senior management during the reporting period[79]. - The company has not engaged in any significant related party transactions during the reporting period[94]. - There were no major lawsuits or arbitration matters reported during the period[93]. Shareholder and Capital Structure - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[7]. - The total number of shares increased from 31.79 million to 42.39 million after the public offering of 10.6 million shares in July 2021[115]. - The company has maintained a consistent capital structure with a registered capital of 30 million, primarily held by Shanghai Hop Investment Holding Co., Ltd. at 90%[168]. - The ownership structure post-capital increase shows Shanghai Hopu Investment Holding Co., Ltd. holding 84.93% of shares, while other shareholders hold the remaining 15.07%[170]. Financial Reporting and Compliance - The financial report for the half-year period was not audited[128]. - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance, reflecting the company's financial status as of June 30, 2021[173]. - The company confirms its ability to continue as a going concern for at least 12 months from the reporting date[174].