Financial Performance - The company's operating revenue for the current period is ¥101,322,704.86, a decrease of 33.42% compared to the same period last year, which was ¥152,172,062.75[25]. - The net profit attributable to shareholders of the listed company is ¥24,367,092.86, down 45.03% from ¥44,325,473.60 in the previous year[25]. - The gross profit margin increased to 52.47% from 50.30% year-on-year[25]. - Total assets decreased by 3.40% to ¥784,817,154.07 from ¥812,482,037.65 at the end of the previous year[26]. - The total liabilities increased by 40.89% to ¥37,770,101.05 from ¥26,807,979.35 at the end of the previous year[26]. - The net cash flow from operating activities increased by 19.76% to ¥67,014,649.03 from ¥55,955,913.58 in the previous year[27]. - The company achieved operating revenue of 101.32 million yuan, a year-on-year decrease of 33.42%[35]. - Net profit for the period was 27.04 million yuan, down 42.32% compared to the same period last year[35]. - The company's weighted average return on net assets based on net profit attributable to shareholders decreased to 3.22% from 12.55% year-on-year[25]. - The company reported a total comprehensive income for the first half of 2022 of ¥27,864,994.72, down from ¥46,522,594.41 in the first half of 2021, a decrease of 40.4%[187]. Risk Factors - The actual controller holds 57.8640% of the shares, which poses a risk of improper control affecting corporate governance[10]. - The company relies on HBC as its exclusive partner for wireless control equipment, which has been stable for 20 years but poses a dependency risk[10]. - The company faces currency fluctuation risks as it purchases equipment in euros while selling in RMB, potentially impacting future performance[11]. - The COVID-19 pandemic has posed operational risks, with strict measures affecting production and recovery timelines[11]. - The report indicates no significant changes in major risks during the period, except for the impact of COVID-19[11]. - The company has identified various risks, including reliance on HBC, foreign exchange fluctuations, and the impact of COVID-19, and is implementing measures to mitigate these risks[72]. Governance and Management - The management guarantees the accuracy and completeness of the financial report, ensuring accountability[8]. - The company has established management systems to mitigate risks associated with actual control and governance[10]. - The company has implemented a governance structure with a shareholders' meeting, board of directors, and supervisory board to mitigate risks associated with actual control by major shareholders[65]. - The company has established special management systems for significant external financing, guarantees, and related transactions to enhance governance[65]. - The company is committed to enhancing its governance structure and integrating resources to support the development of its OHM brand and other new business initiatives[72]. Shareholder Commitments - The actual controller Zhou Tong committed to lifting the transfer restrictions on his shares in three batches, with each batch being one-third of his pre-listing shares, scheduled for the listing date, one year, and two years after listing[86]. - The actual controllers committed not to interfere with the company's management or infringe on its interests[109]. - Company directors and senior management will not transfer benefits to other entities or individuals unfairly[110]. - The commitments will take effect from the date the company's stock is publicly issued and listed on the selected tier[123]. - All relevant personnel have adhered to their commitments since the issuance of the commitment letter[118]. Investment and Capital Management - The company raised a total of CNY 357,300,400.00 from its first public offering, with a net amount of CNY 331,543,563.85 after deducting issuance costs[155]. - As of June 30, 2022, the company had invested CNY 83,992,969.12 of the raised funds, leaving a balance of CNY 251,244,986.62 unutilized[156]. - The company approved the use of ¥23.62 million of over-raised funds to supplement working capital, ensuring no conflict with the implementation of fundraising projects[159]. - The company has not used idle raised funds for financial products during the reporting period, but has engaged in seven-day notice deposits to enhance investment returns[158]. - The company will strengthen the management of raised funds to ensure compliance and reasonable use[104]. Operational Developments - The company continues to optimize and integrate its OHM and HBC brand products, enhancing competitiveness in the domestic market[32]. - The company is implementing a "dual-brand" strategy, positioning HBC for the high-end market and OHM for the mid-range market, aiming to capture the significant demand in the domestic industrial wireless remote control device market[67]. - The company plans to develop new OHM brand products to meet the low-end market demand, thereby gradually increasing market share in this segment[67]. - The company is adopting a "large component" model to deepen its involvement in the production of HBC brand products, reducing dependency on HBC and enhancing production efficiency[68]. Legal Matters - The company is involved in a lawsuit regarding software copyright infringement, with the plaintiff claiming that the defendant's products contain similar software code[78]. - The lawsuit has not had a significant adverse impact on the company's operations, and the financial implications are currently indeterminate[79]. Employee and Workforce - The total number of employees decreased from 228 to 225, with a net reduction of 23 employees during the reporting period[171]. - The company has 28 core employees, with no changes in this group during the reporting period[172]. - The financial director, Cai Dan, holds 1,027,000 shares, representing 0.73% of the total shares[165]. - The company has maintained a stable workforce, with 67 production personnel at the end of the reporting period, an increase of 5 from the previous count[171].

Public Offering and Share Capital - The company completed a public offering of 16.33 million shares at a price of 21.88 CNY per share, increasing the total share capital to 70.13 million shares[4]. - The company received approval from the China Securities Regulatory Commission for the public offering on September 24, 2021[4]. - The company transitioned from the selected layer to being listed on the Beijing Stock Exchange on November 15, 2021[4]. - The total number of shares increased from 53,800,000 to 70,130,000, reflecting a change of 16,330,000 shares[195]. - The proportion of unrestricted shares rose from 7.95% to 25.03%, while restricted shares decreased from 92.05% to 74.97%[194]. - The largest shareholder, Zhou Tong, holds 40,580,000 shares, representing 57.86% of the total shares[196]. - The company issued 1,633,000 new shares, including an over-allotment of 213,000 shares[195]. - The total number of shareholders increased to 13,501 during the reporting period[194]. Financial Performance - The company's operating revenue for 2021 was CNY 285,830,001.62, a decrease of 1.53% compared to CNY 290,284,490.10 in 2020[31]. - The net profit attributable to shareholders for 2021 was CNY 91,607,889.07, reflecting a slight decrease of 0.20% from CNY 91,790,201.02 in 2020[31]. - Total assets increased by 103.45% to CNY 812,482,037.65 in 2021, compared to CNY 399,342,861.04 in 2020[32]. - The company's total liabilities decreased by 35.76% to CNY 26,807,979.35 in 2021, down from CNY 41,733,609.67 in 2020[32]. - The weighted average return on equity for 2021 was 21.57%, down from 31.51% in 2020[31]. - The net cash flow from operating activities surged by 936.97% to CNY 109,360,834.78 in 2021, compared to CNY 10,546,234.58 in 2020[34]. - The company's gross profit margin for 2021 was 52.36%, slightly up from 52.24% in 2020[31]. - The company's net profit growth rate for 2021 was 5.21%, compared to a growth rate of 24.01% in 2020[35]. Risks and Dependencies - The company has a significant reliance on HBC for its business model, which poses risks due to potential changes in HBC's strategy or management[12]. - The company faces currency risk as it purchases equipment in euros while generating revenue in CNY, which could negatively impact future performance if the euro appreciates[13]. - The company has identified a risk of dependency on the German HBC company, which is its exclusive partner for wireless control equipment in the Greater China region[113]. - The company acknowledges risks associated with fundraising projects, including potential delays in realizing economic benefits, which may affect net profit growth compared to net asset growth[120][122]. Governance and Compliance - The company has established governance measures to mitigate risks associated with the actual controller's influence, as the controlling shareholder holds 57.86% of the shares[12]. - The company has implemented measures to mitigate risks associated with the actual controller's influence on corporate governance, including establishing a three-tier governance structure[113]. - The controlling shareholders and actual controllers commit not to interfere in the company's management activities or infringe on the company's interests[161]. - The company guarantees the authenticity, accuracy, and completeness of its public offering documents, assuming legal responsibility for any misstatements or omissions[178]. Market and Business Strategy - The company anticipates that the market demand for industrial wireless remote control devices will remain stable in the short to medium term[12]. - The company continues to optimize and integrate its dual-brand strategy with OHM and HBC, enhancing competitiveness in the domestic market[47]. - The company aims to maintain steady growth in its core business of industrial wireless control equipment while expanding into new markets and enhancing service levels[111]. - The company plans to establish an overseas sales center for the OHM brand to strengthen domestic competitiveness and actively explore international mid-range markets[109]. Research and Development - R&D expenditure for the period was CNY 11,265,494.96, accounting for 3.94% of operating revenue, compared to 3.82% in the previous period[91]. - The total number of patents owned by the company increased from 67 to 86 during the reporting period[94]. - The number of R&D personnel increased from 44 to 54, with R&D personnel accounting for 23.68% of total employees[93]. Legal Matters - The company is involved in ongoing litigation related to software infringement, which may impact its operations[130]. - The company is involved in a lawsuit regarding software copyright infringement, but it has not significantly impacted operations[131]. - The company is actively monitoring the progress of the ongoing lawsuit and will disclose information as necessary[131].

Financial Performance - Operating revenue for the first quarter of 2022 was ¥45,990,641.19, a decrease of 38.06% year-on-year[17] - Net profit attributable to shareholders for the first quarter of 2022 was ¥8,802,287.74, down 58.15% compared to the same period last year[17] - Basic earnings per share for the first quarter of 2022 decreased by 67.90% to ¥0.13[17] - The decline in operating revenue and net profit was primarily due to weakened demand in the downstream construction machinery industry and high base effects from the previous year[19] - The company reported a weighted average return on net assets of 1.16% for the first quarter of 2022, down from 6.15% in the same period last year[17] - Total operating revenue for Q1 2022 was CNY 45,990,641.19, a decrease from CNY 74,246,380.46 in Q1 2021, representing a decline of approximately 38.2%[45] - Net profit for Q1 2022 was CNY 9,514,991.99, compared to CNY 22,380,215.91 in Q1 2021, reflecting a decrease of approximately 57.5%[46] - The company reported a total comprehensive income of CNY 9,202,079.82 for Q1 2022, compared to CNY 22,551,846.38 in Q1 2021, a decrease of about 59.2%[47] Assets and Liabilities - Total assets as of March 31, 2022, amounted to ¥824,765,325.22, representing a 1.51% increase compared to the end of the previous year[17] - The company's asset-liability ratio (consolidated) as of March 31, 2022, was 3.62%, compared to 3.30% at the end of the previous year[17] - Total liabilities increased to ¥29,889,187.10 from ¥26,807,979.35, representing a rise of approximately 7.7%[39] - The total equity attributable to shareholders rose to ¥762,311,035.46 from ¥753,821,659.89, marking an increase of about 1.9%[39] - The total non-current assets decreased to ¥40,662,173.42 from ¥41,554,638.14, indicating a decline of about 2.1%[38] - The total cash and cash equivalents at the end of the period reached $481,177,750.33, up from $53,956,646.52[56] Cash Flow - The net cash flow from operating activities increased by 66.52% year-on-year, reaching ¥30,798,821.19[17] - The net cash flow from operating activities for Q1 2022 was 30,798,821.19, an increase of 66.7% compared to 18,495,951.83 in Q1 2021[54] - Total cash inflow from operating activities was $63,642,160.59, while cash outflow was $43,863,455.34, resulting in a net cash inflow of $19,778,705.25[56] - Cash inflow from investment activities rose to $350,381.90 compared to $187,200.85, marking an increase of about 87%[56] - Cash outflow for investment activities was $274,035.08, leading to a net cash flow of $76,346.82 from investment activities[56] Shareholder Information - The largest shareholder, Zhou Tong, holds 40,580,000 shares, representing 57.864% of the total shares[25] - The total number of shares held by the top ten shareholders is 52,111,200, accounting for 74.307% of the total shares[26] - The total registered capital of the company is ¥70,130,000.00[15] Operational Strategy - The company provided no labor income from maintenance services during the reporting period, indicating a focus on product sales[31] - The company has no ongoing litigation or arbitration matters, ensuring a stable operational environment[30] - There were no external guarantees or loans provided by the company during the reporting period, reflecting a conservative financial strategy[30] - The company has no plans for profit distribution or capital increase through reserves during the reporting period[34] - The company has not implemented any share buyback programs or employee incentive plans during the reporting period[30] Research and Development - Research and development expenses for Q1 2022 were CNY 3,856,380.14, up from CNY 2,652,458.88 in Q1 2021, indicating an increase of about 45.4%[46] - Research and development expenses increased significantly to 2,676,373.70, up 86.1% from 1,439,148.58 in Q1 2021[50]

Public Offering and Share Capital - The company completed a public offering of 16.33 million shares at a price of 21.88 CNY per share, increasing the total share capital to 70.13 million shares[4]. - The company received approval from the China Securities Regulatory Commission for the public offering on September 24, 2021[4]. - The company transitioned from the selected layer to being listed on the Beijing Stock Exchange on November 15, 2021[4]. - The total number of shares increased from 53,800,000 to 70,130,000, reflecting a change of 16,330,000 shares[195]. - The proportion of unrestricted shares rose from 7.95% to 25.03%, totaling 17,557,000 shares[194]. - The largest shareholder, Zhou Tong, holds 40,580,000 shares, representing 57.86% of the total shares[196]. - The number of shareholders holding more than 5% of shares is concentrated, with the top ten shareholders holding 74.15% of the total shares[196]. - The company issued 1,633,000 new shares, including an over-allotment of 213,000 shares[195]. - The total number of shareholders increased to 13,501 during the reporting period[194]. - The company has no preferred shares outstanding, indicating a focus on common equity[200]. - The shareholding structure shows a significant concentration among a few individuals, with familial ties among major shareholders[198]. - The company has engaged in strategic placements, with specific funds subscribing to shares during the public offering[199]. Financial Performance - The company's operating revenue for 2021 was CNY 285,830,001.62, a decrease of 1.53% compared to CNY 290,284,490.10 in 2020[31]. - The net profit attributable to shareholders for 2021 was CNY 91,607,889.07, reflecting a slight decrease of 0.20% from CNY 91,790,201.02 in 2020[31]. - The total assets increased by 103.45% to CNY 812,482,037.65 in 2021, compared to CNY 399,342,861.04 at the end of 2020[32]. - The total liabilities decreased by 35.76% to CNY 26,807,979.35 in 2021, down from CNY 41,733,609.67 in 2020[32]. - The company's cash flow from operating activities significantly improved, reaching CNY 109,360,834.78 in 2021, a 936.97% increase from CNY 10,546,234.58 in 2020[34]. - The weighted average return on equity for 2021 was 21.57%, down from 31.51% in 2020[31]. - The basic earnings per share for 2021 was CNY 1.63, a decrease of 4.68% from CNY 1.71 in 2020[31]. - The inventory turnover rate for 2021 was 1.42, down from 1.78 in 2020[34]. - The net profit for 2021 was ¥97,056,900, representing a year-on-year increase of 5.21%[51]. - The gross profit margin for industrial wireless remote control equipment is 54.44%, a decrease of 4.78% compared to the previous year[67]. Risks and Dependencies - The company has a 57.86% shareholding by the actual controller, which poses a risk of improper control affecting corporate governance[12]. - The company relies on HBC for industrial wireless remote control equipment, which poses a risk due to dependency on a single supplier[12]. - The company faces currency fluctuation risks as it purchases equipment in euros while selling in RMB, which could negatively impact future performance[13]. - The company acknowledges risks associated with fundraising projects, including potential delays in realizing economic benefits and impacts on net profit growth[122]. - The company has identified a risk of dependency on the German HBC company, which is its exclusive partner for wireless control equipment in the Greater China region[113]. - The company faces foreign exchange risk due to purchasing equipment in euros while selling in RMB, and is enhancing management of foreign exchange settlements[119]. Strategic Initiatives and Future Plans - The company plans to continue expanding its market presence and invest in new product development to drive future growth[24]. - The company plans to continue optimizing the dual-brand strategy for OHM and HBC products to enhance competitiveness in both domestic and international markets[47]. - The company aims to maintain steady growth in its core business of industrial wireless control equipment while expanding into new markets and enhancing service levels[111]. - The company plans to establish an overseas sales center for the OHM brand to strengthen domestic competitiveness and actively explore international mid-range markets[109]. - The company will continue to promote the development of industrial automation and warehouse management systems, expanding into new business areas within the steel industry[110]. - The company is developing new products under the OHM brand to meet the demand in the domestic low-end market, aiming to gradually increase market share[116]. - The company plans to improve its autonomous control capabilities in industrial wireless remote control device production through fundraising projects, reducing reliance on HBC[118]. Commitments and Governance - The company has implemented measures to mitigate risks associated with the actual controller's influence on corporate governance, including establishing a three-tier governance structure[113]. - The company commits to strictly fulfill the public commitments disclosed in the prospectus and actively accept social supervision[153]. - The company has ensured that all relevant personnel have fulfilled their commitments since the issuance of the promises[142]. - The controlling shareholders and actual controllers commit not to interfere in the company's management activities or infringe on the company's interests[161]. - The company will ensure that all commitments related to avoiding competition are fulfilled by its controlling shareholders and senior management[168]. - The company guarantees the authenticity, accuracy, and completeness of its public offering documents, taking legal responsibility for any misleading statements or omissions[178]. Legal Matters - The company is involved in ongoing litigation related to software infringement, which may affect its operations[130]. - The company is involved in a lawsuit regarding software copyright infringement, but it has not significantly impacted operations[131].