Financial Performance - Operating revenue rose by 29.54% to CNY 68,437,084.66 year-on-year[6] - Net profit attributable to shareholders decreased by 21.68% to CNY 6,586,707.25 compared to the same period last year[6] - Basic earnings per share fell by 36.36% to CNY 0.07 compared to CNY 0.11 in the previous year[6] - The company reported a net profit excluding non-recurring items of CNY 5,825,615.77, down 25.72% year-on-year[6] - Net profit for the current period was ¥6,713,966.34, a decrease of 20.1% compared to ¥8,409,632.83 in the previous period[24] - Operating profit decreased to ¥7,570,994.71, down 22.0% from ¥9,695,158.00 in the previous period[24] - The company reported a total comprehensive income of ¥6,878,436.29, down from ¥9,213,020.19 in the previous period[25] Cash Flow - Net cash flow from operating activities was negative at CNY -3,942,429.99, a decline of 166.40% year-on-year[6] - The net cash flow from operating activities was -3,935,100.37 RMB, compared to 5,937,423.32 RMB in the previous period, indicating a decline in operational performance[34] - Cash inflow from operating activities totaled 71,921,701.88 RMB, up from 60,017,020.66 RMB in the previous period[34] - The company reported a total cash outflow of 75,856,802.25 RMB from operating activities, compared to 54,079,597.34 RMB in the previous period[34] - The net cash flow from investment activities was -43,045,406.25 RMB, significantly higher than the previous period's -11,143,997.32 RMB, reflecting increased investment outflows[35] Assets and Liabilities - Total assets increased by 10.49% to CNY 572,295,318.40 compared to the end of the previous year[6] - Current assets decreased to CNY 342,210,199.74 from CNY 396,161,905.48, a decline of about 13.6%[17] - Total liabilities rose to CNY 106,910,961.59 from CNY 64,674,092.73, marking an increase of about 65.4%[18] - Owner's equity increased to CNY 465,384,356.81 from CNY 453,295,780.26, showing a growth of approximately 2.7%[22] Shareholder Information - The total number of shareholders at the end of the reporting period was 17,179[9] - The top ten shareholders held a combined 78.75% of the shares, with the largest shareholder holding 54.68%[10] Operational Costs and Expenses - The operating cost increased by 40.49% to 47,924,232.37, up from 34,111,170.09, primarily due to increased sales volume and rising raw material prices[12] - The company’s sales expenses rose by 87.93% to 4,137,301.66, reflecting increased sales volume and the acquisition of Wuxi Guanyun[13] - The company experienced an increase in management expenses to ¥8,378,741.55, up from ¥6,501,417.60 in the previous period[24] Inventory and Receivables - The company reported a significant increase in inventory, which rose by 31.08% to 47,851,818.24, attributed to the acquisition of Wuxi Guanyun Heat Exchanger Co., Ltd.[12] - Accounts receivable increased to CNY 102,066,523.91 from CNY 79,041,769.17, reflecting a growth of about 29.1%[17] - Other receivables increased by 148.94% to 294,749.85, compared to 118,400.79, due to an increase in cash advances[12] Acquisitions - The company completed the acquisition of 90% of Wuxi Guanyun Heat Exchanger Co., Ltd., which has been officially registered and licensed[14] - The company’s fixed assets increased by 53.75% to 65,171,101.02, driven by the acquisition of Wuxi Guanyun[12] Financial Ratios - The weighted average return on net assets decreased by 2.10 percentage points to 1.44%[6] - The company recorded an asset impairment loss of ¥280,100.64, compared to a gain of ¥177,503.45 in the previous period[24]

Financial Performance - Operating revenue decreased by 7.09% to CNY 169,444,434.83 for the year-to-date period compared to the same period last year[6] - Net profit attributable to shareholders increased by 1.56% to CNY 29,000,435.88 for the year-to-date period compared to the same period last year[6] - Basic earnings per share decreased by 2.06% to CNY 0.37[7] - The gross profit margin for the first nine months of 2016 was approximately 36.5%, compared to 30.5% in the same period last year, indicating an improvement in profitability[21] - The company reported a decrease in operating costs to CNY 108,392,453.43 from CNY 125,739,211.58, which is a reduction of about 13.8%[21] - The total comprehensive income for the third quarter was CNY 8,952,371.70, down from CNY 10,220,760.06 in the same quarter last year, reflecting a decline of approximately 12.4%[22] - Basic and diluted earnings per share for the third quarter were both CNY 0.13, consistent with the previous quarter but lower than CNY 0.38 in the same quarter last year[22] Assets and Liabilities - Total assets increased by 67.71% to CNY 497,626,191.85 compared to the end of the previous year[6] - Net assets attributable to shareholders increased by 84.30% to CNY 440,828,490.55 compared to the end of the previous year[6] - The company's total liabilities increased significantly, with a notable rise in taxes payable by 64.91% from 893,605.83 to 1,473,620.35[10] - The company's total liabilities decreased slightly to CNY 56,797,701.30 from CNY 57,525,763.10, indicating a reduction of about 1.3%[19] Cash Flow - Net cash flow from operating activities increased by 18.65% to CNY 34,700,294.77 for the year-to-date period compared to the same period last year[6] - Cash and cash equivalents increased by 217.94% from 84,568,532.82 to 268,874,956.53 due to funds raised from the public offering of shares[10] - The net cash flow from financing activities was 176,521,843.49, a significant increase compared to -30,000,000.00 in the previous year, due to the public offering of shares[11] - Total cash inflow from operating activities was CNY 211,289,077.69, compared to CNY 225,727,067.15 in the previous year, indicating a decrease of about 6.4%[25] - The company reported a net cash flow from investing activities of CNY -6,742,677.86, slightly improved from CNY -7,748,386.50 year-over-year[25] - Cash flow from financing activities showed a significant increase, with a net cash flow of CNY 176,521,843.49 compared to a negative CNY 30,000,000.00 in the previous year[25] Shareholder Information - The company had a total of 17,241 shareholders at the end of the reporting period[8] - The largest shareholder, Niu Yuxia, holds 54.68% of the shares[8] Government Subsidies - The company reported a government subsidy income of CNY 1,308,253.26 for the year-to-date period[7] - The company reported a 40.88% increase in government subsidies received, rising from 942,920.24 to 1,328,406.16[11] Corporate Governance and Commitments - The company has committed to not transferring or entrusting the management of its shares for 36 months post-IPO, ensuring stability in shareholding[12] - The company plans to limit annual share transfers by its major shareholders to no more than 25% of their total holdings during their tenure[12] - The company committed to ensuring that the total number of shares held does not exceed 50% of the total shares outstanding[13] - The company will avoid any competitive products or businesses with its subsidiaries and will cease operations if competition arises[13] - The company will strictly adhere to the pricing policies, executing government pricing where applicable, and using fair market prices otherwise[14] - The company has a plan to stabilize its stock price for three years post-IPO, ensuring compliance from newly appointed executives[14] - The company will limit stock sales to no more than 10% of total shares within two years after the lock-up period ends[14] - If the stock price falls below the IPO price for 20 consecutive trading days, the lock-up period will be extended by six months[14] - The company will ensure that all related party transactions are conducted at fair market value and documented through written contracts[14] - The company will not engage in any improper benefits through related party transactions[14] - The company has committed to compensating for any losses incurred due to violations of these commitments[14] - The company will maintain transparency and fairness in all transactions with its subsidiaries[14]