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].