Financial Performance - Net profit attributable to shareholders rose by 3.32% to ¥12,239,423.56 for the first nine months of 2022[15] - Operating income for the first nine months increased by 17.68% to ¥56,976,576.08 compared to the same period last year[15] - Total revenue for the first nine months of 2022 reached ¥56,976,576.08, an increase from ¥48,418,353.75 in the same period of 2021, representing a growth of approximately 17.5%[46] - Operating profit for the first nine months of 2022 was ¥13,527,755.93, slightly up from ¥13,470,712.63 in the same period of 2021, indicating a marginal increase of about 0.4%[47] - Net profit for the first nine months of 2022 was ¥12,239,423.56, compared to ¥11,846,257.44 in the same period of 2021, reflecting an increase of approximately 3.3%[48] - The company’s total profit for Q3 2022 was ¥3,132,294.78, an increase from ¥2,404,028.83 in Q3 2021[52] Assets and Liabilities - Total assets increased by 54.29% to ¥291,834,961.12 compared to the end of the previous year[15] - The company’s debt-to-asset ratio decreased to 10.00% from 17.97% year-on-year[15] - The company's total liabilities decreased to CNY 29,191,274.76 from CNY 33,984,143.30, a reduction of about 14.0%[40] - Total liabilities decreased from ¥31,071,324.24 in the previous year to ¥27,806,087.38, a reduction of about 10.9%[44] - Shareholders' equity increased significantly to CNY 262,643,686.36 from CNY 155,162,168.24, marking an increase of approximately 69.2%[40] Cash Flow - Cash flow from operating activities decreased by 56.24% to ¥3,624,085.88 compared to the previous year[15] - Cash flow from operating activities for the first nine months of 2022 was ¥3,624,085.88, down 56.2% from ¥8,281,228.00 in the same period of 2021[54] - The company reported a net cash outflow from investing activities of ¥62,271,647.09 for the first nine months of 2022, compared to a net outflow of ¥32,324,952.95 in the same period of 2021[55] - Cash inflow from financing activities reached $117.45 million, with a net cash flow of $97.01 million, a turnaround from negative $11.90 million last year[57] Shareholder Information - The total number of unrestricted shares decreased from 23,194,115 to 23,088,199, representing a change of -0.26%[24] - The total number of restricted shares increased from 66,915,161 to 67,021,077, representing a change of +0.16%[24] - The top ten shareholders collectively hold 60,538,841 shares, accounting for 67.184% of total shares[26] - The largest shareholder, Nanjing Caneng, holds 14,575,500 shares, representing 16.1754% of total shares[26] - There were no significant changes in the shareholding structure of major shareholders during the reporting period[26] Expenses - Research and development expenses increased by 35.95% to support new projects[18] - Management expenses rose by 43.67% due to increased depreciation and management costs after moving to a new facility[18] - Operating costs for the first nine months of 2022 were ¥46,540,361.77, up from ¥37,395,496.28 in the same period of 2021, indicating an increase of approximately 24.3%[46] - Research and development expenses for the first nine months of 2022 totaled ¥5,176,340.14, compared to ¥3,807,605.88 in the same period of 2021, reflecting an increase of about 36%[47] Other Information - The company has no significant litigation or arbitration matters during the reporting period[29] - The company has complied with all disclosed commitments, including avoiding competition and regulating related transactions[30] - The company has a limited amount of restricted assets, totaling 1,031,975.93, which is 0.35% of total assets[31] - The company has not implemented any profit distribution or capital increase from reserves during the reporting period[32] - The company reported a financial expense of -¥1,074,697.92 for the first nine months of 2022, compared to -¥381,725.90 in the same period of 2021, indicating a significant increase in financial costs[47]

Financial Performance - The company's operating revenue for the current period is CNY 34,062,989.41, representing an increase of 18.92% compared to CNY 28,644,439.91 in the same period last year[25]. - The net profit attributable to shareholders of the listed company is CNY 7,298,794.77, which is a 9.57% increase from CNY 6,661,010.28 in the previous year[25]. - The total assets increased by 55.33% to CNY 293,796,854.53 from CNY 189,146,311.54 at the end of the previous period[26]. - The total liabilities decreased by 23.22% to CNY 26,093,866.18 from CNY 33,984,143.30 at the end of the previous period[26]. - The net assets attributable to shareholders of the listed company increased by 72.53% to CNY 267,702,988.35 from CNY 155,162,168.24[26]. - The company reported a negative net cash flow from operating activities of CNY -3,046,647.52, a decrease of 295.10% compared to CNY 1,561,598.86 in the previous year[26]. - The company's gross profit margin was 61.29%, down from 63.44% at the end of June 2021[8]. - The company achieved operating revenue of ¥34,062,989.41 during the reporting period, an increase of ¥5,418,549.50 or 18.92% year-on-year[35]. - The net profit for the reporting period was ¥7,298,794.77, reflecting an increase of ¥637,784.49 or 9.57% compared to the previous year[35]. - The net cash flow from operating activities was -¥3,046,647.52, a decrease of ¥4,608,246.38 year-on-year, primarily due to increased cash payments for goods and engineering project service fees[36]. Market and Industry Trends - The company is actively responding to the "dual carbon" goals by implementing sustainable energy development initiatives[3]. - The global electricity demand is expected to rebound, driven by emerging markets and developing economies, indicating potential growth for the electricity industry[40]. - The power quality industry is expected to see steady growth in demand due to the increasing application of UPS power supplies and other high-quality power sources in urban rail transit and high-speed rail systems[60]. - The power quality market is projected to grow significantly as high-tech enterprises in various sectors, including smart manufacturing and semiconductors, increase their demand for power quality monitoring and governance products[53]. - The cumulative installed capacity of photovoltaic power in China reached 308 GW by 2021, with an annual increase of 54.88 GW, representing a year-on-year growth of 13.9%[54]. Risks and Challenges - The company faces risks related to policy changes affecting the demand for its products in the electric grid and renewable energy sectors[8]. - The company has experienced a competitive landscape in its industry, with potential risks of losing market share if it fails to maintain its technological and quality advantages[8]. - The company relies heavily on core technical personnel for its business development, facing risks of talent competition and potential loss[9]. - The company’s material costs, particularly for chips and other components, represent a significant portion of its operating costs, exposing it to supply chain and price volatility risks[9]. - The company is aware of potential policy risks affecting its operations in the electric grid and renewable energy sectors[96]. Corporate Governance and Compliance - The company has not undergone an audit for this half-year report, and the management guarantees the accuracy and completeness of the financial data presented[6]. - The company has no reported instances of shareholders or related parties occupying or transferring company funds or assets, reflecting good governance practices[105]. - The company is currently fulfilling commitments related to competitive conduct and regulating related transactions, which began in November 2016[105]. - The company has established effective communication channels for investor inquiries to prevent potential infringements on shareholder rights by actual controllers[101]. - The company has signed a "Joint Action Agreement" among its actual controllers, which is currently valid and ensures unified decision-making[129]. Shareholder Information - The actual controllers hold a combined 53.55% of the company's shares, which poses a risk of improper control over company decisions that may harm the interests of other shareholders[100]. - The largest shareholder, Nanjing Caneng Enterprise Management Consulting Co., Ltd., holds 16.18% of the shares, totaling 14,575,500 shares[118]. - The total number of ordinary shares increased from 69,860,000 to 90,109,276, with a net fundraising amount of RMB 105,242,025.34 after deducting issuance costs[114]. - The company has a total of 60,432,925 shares at the beginning of the period, with a net increase of 84,980 shares by the end of the period[118]. - The company has a total of 20,353 shareholders as of the reporting date[113]. Investment and Fundraising - The company raised a total of RMB 117,445,800.80 through the issuance of 20,249,276 shares at a price of RMB 5.80 per share[141]. - The company has established a special account for the raised funds to ensure proper management and usage according to the disclosed purposes[144]. - The company plans to use up to RMB 100,000,000 of idle raised funds for cash management, investing in low-risk financial products[148]. - The company has ensured compliance with all necessary procedures regarding the use of raised funds, with no violations reported[138]. - The company has not yet replaced self-raised funds with the raised funds for paid issuance expenses as of June 30, 2022[148]. Research and Development - The company is focused on providing solutions for power quality monitoring and has a diverse product range including monitoring devices and systems[31]. - The company aims to enhance its core competitiveness through continuous R&D and innovation, ensuring stable profitability[33]. - Research and development expenses increased by 15.06% to 2,832,046.28, accounting for 8.31% of operating revenue[78]. - The company is focused on continuous product innovation and has committed to maintaining its technological leadership in the energy quality monitoring market[98]. Seasonal Revenue Patterns - The company reported a significant seasonal revenue fluctuation, with the second half of the year historically accounting for approximately 68% of total annual revenue in previous years[8]. - The company has a seasonal revenue pattern, with the second half of the year accounting for approximately 68.14% of total revenue in 2021[97].