成都立航科技股份有限公司 独立董事关于公司第二届董事会第十六次会议 相关事项的独立意见 根据《中华人民共和国公司法》（以下简称"《公司法》"）《中华人民共 和国证券法》（以下简称"《证券法》"）《上市公司独立董事规则》及《成都 立航科技股份有限公司章程》（以下简称"公司章程"）的有关规定，作为成都 立航科技股份有限公司（以下简称"公司"）的独立董事，本着认真、负责的态 度，在审阅了有关材料后，基于独立判断，对公司第二届董事会第十六次会议审 议的相关议案，现发表独立意见如下： 一、《关于公司 2023 年半年度募集资金的存放与使用情况的专项报告的议 案》的独立意见 该专项报告内容真实准确完整，不存在虚假记载、误导性陈述和重大遗漏， 真实客观地反映了公司 2023 年上半年募集资金的存放与实际使用情况。 公司 2023 年上半年对募集资金的存放与使用情况，符合《上市公司监管指 引第 2 号—上市公司募集资金管理和使用的监管要求》《上海证券交易所上市公 司自律监管指引第 1 号——规范运作》等有关规定，不存在违规使用募集资金 的行为，不存在损害公司和股东，特别是中小股东利益的情形。我们同意《关于 公司 2023 年 ...

证券代码：603261 证券简称：立航科技 公告编号：2023-025 成都立航科技股份有限公司 关于2023年半年度募集资金存放与实际使用情况的专项报告 2022 年 3 月，公司和保荐机构华西证券股份有限公司分别与招商银行股份有限 公司成都分行营业部、成都银行股份有限公司高新支行签订了《募集资金专户存储三 方监管协议》, 该协议与上海证券交易所监管协议范本不存在重大差异，符合监管部 门的相关规定。公司在使用募集资金时已经严格按照约定及有关规定执行。 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏， 并对其内容的真实性、准确性和完整性承担个别及连带责任。 一、募集资金基本情况 （一）募集资金金额和资金到账时间 经中国证券监督管理委员会许可[2022]380 号文核准，成都立航科技股份有限公 司（以下简称"公司"）首次向社会公开发行人民币普通股（A 股）股票 1,925.00 万 股，发行价格为每股 19.70 元，本次发行募集资金总额为人民币 37,922.50 万元，扣 除不含税的发行费用人民币 4,450.37 万元，实际募集资金净额为人民币 33,472.13 万 元， ...

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 一、监事会会议召开情况 成都立航科技股份有限公司（以下简称"公司"）第二届监事会第九次会议 （以下简称"本次会议"）于 2023 年 8 月 7 日发出会议通知，并于 2023 年 8 月 17 日在公司会议室以现场及通讯方式召开。 证券代码：603261 证券简称：立航科技 公告编号：2023-024 成都立航科技股份有限公司 第二届监事会第九次会议决议的公告 本次会议应出席监事 3 名，实际出席监事 3 名。公司监事会主席李军主持本 次会议。本次会议召开符合《中华人民共和国公司法》、《成都立航科技股份有 限公司章程》及其他相关法律、法规及规章的规定。 二、监事会会议审议情况 1、审议通过了《关于 2023 年半年度报告与摘要的议案》 公司监事会依照有关法律、法规和公司章程，经认真审核，对董事会编制的 《2023 年半年度报告》及其摘要发表意见如下： 1、公司 2023 年半年度报告及报告摘要的编制和审议程序符合法律、法规和 公司章程的各项规定；本公司监事会及全体监事保证 ...

证券代码：603261 证券简称：立航科技 公告编号：2023-023 成都立航科技股份有限公司 第二届董事会第十六次会议决议的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 一、董事会会议召开情况 成都立航科技股份有限公司（以下简称"公司"）第二届董事会第十六次会议 （以下简称"本次会议"）于 2023 年 8 月 7 日发出会议通知，并于 2023 年 8 月 1 7 日在公司会议室以现场及通讯方式召开。 本次会议应出席董事 5 名，实际出席董事 5 名，公司监事和高管人员列席 会议，会议由董事长刘随阳主持。本次会议的召开符合《中华人民共和国公司法》、 《成都立航科技股份有限公司章程》及其他相关法律、法规及规章的规定。 二、董事会会议审议情况 1、审议通过了《关于2023年半年度报告及其摘要的议案》 详情请见公司同日在上海证券交易所网站（www.sse.com.cn）披露的《20 23年半年度报告》及其摘要。 表决结果：5 票同意、0 票反对、0 票弃权。 2、审议通过了《关于公司2023年半年度募集资金的存放 ...

成都立航科技股份有限公司 关于召开 2022 年度业绩说明会的公告 证券代码：603261 证券简称：立航科技 公告编号：2023-015 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大 遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 会议召开时间：2023 年 05 月 31 日(星期三)下午 16:00-17:00 会议召开地点：上海证券交易所上证路演中心（网址：http://roadshow.ss einfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 05 月 24 日(星期三) 至 05 月 30 日(星期二)16:00 前登 录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 lihang@cdli hang.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 （三） 会议召开方式：上证路演中心网络互动 三、 参加人员 董事长、总经理：刘随阳先生 成都立航科技股份有限公司（以下简称"公司"）已于 2023 年 4 月 26 日发 布公司 2022 年年度报告，为便于广大投资者更全面深入地 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥24,243,085.85, a decrease of 27.85% compared to the same period last year[3]. - The net profit attributable to shareholders was -¥5,580,411.15, representing a decline of 327.68% year-over-year[3]. - The basic earnings per share were -¥0.07, down 275.00% from the previous year[3]. - Total operating revenue for Q1 2023 was ¥24,243,085.85, a decrease of 27.9% compared to ¥33,602,448.83 in Q1 2022[16]. - Net profit for Q1 2023 was a loss of ¥5,580,411.15, compared to a profit of ¥2,450,944.75 in Q1 2022, indicating a significant decline[17]. - Basic and diluted earnings per share for Q1 2023 were both -¥0.07, down from ¥0.04 in Q1 2022[18]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,126,642,500.83, a decrease of 4.88% from the end of the previous year[4]. - As of March 31, 2023, the company's total assets amounted to ¥1,126,642,500.83, a decrease from ¥1,184,471,702.25 as of December 31, 2022, representing a decline of approximately 4.9%[12]. - The company's cash and cash equivalents decreased to ¥217,472,481.21 from ¥338,428,022.49, reflecting a decline of about 35.7%[12]. - Total liabilities decreased to ¥256,534,243.12 in Q1 2023 from ¥308,981,383.64 in Q1 2022, a reduction of 17%[15]. - The company's total current liabilities increased to ¥34,247,554.00 from ¥31,275,801.22, which is an increase of approximately 9.4%[13]. - The company's total equity attributable to shareholders was ¥870,108,257.71 in Q1 2023, slightly down from ¥875,490,318.61 in Q1 2022[15]. Cash Flow - The cash flow from operating activities showed a net outflow of -¥105,753,430.84, with a slight increase of 0.99% year-over-year[3]. - Cash flow from operating activities showed a significant decline, with net cash outflow reported in Q1 2023[18]. - The net cash flow from operating activities was -CNY 105,753,430.84, slightly improved from -CNY 106,812,459.79 in Q1 2022[19]. - The cash inflow from operating activities was CNY 25,450,314.03, a significant increase from CNY 8,861,701.01 in Q1 2022, representing a growth of approximately 187%[19]. - The cash outflow from operating activities totaled CNY 131,203,744.87, compared to CNY 115,674,160.80 in the same period last year, indicating an increase of about 13.4%[19]. - The cash inflow from financing activities was CNY 3,000,000.00, a significant decrease from CNY 352,385,377.36 in Q1 2022[20]. - The net cash flow from financing activities was CNY 2,884,493.86, down from CNY 350,280,991.32 in the same quarter last year[20]. - The ending cash and cash equivalents balance was CNY 217,472,481.21, a decrease from CNY 443,862,341.14 at the end of Q1 2022[20]. Expenses - The company's management expenses rose by 49.49%, primarily due to increased average salaries and depreciation of right-of-use assets[6]. - Total operating costs increased to ¥30,189,791.70 in Q1 2023 from ¥29,365,410.53 in Q1 2022, representing a rise of 2.8%[16]. - Research and development expenses were ¥3,027,290.41 in Q1 2023, slightly down from ¥3,057,853.52 in Q1 2022[16]. - The company reported a total cash outflow for employee payments of CNY 34,044,205.91, which increased from CNY 27,205,237.27 in Q1 2022[19]. Asset Management - The company experienced a 346.89% increase in asset impairment losses, primarily due to provisions for bad debts[6]. - The company's weighted average return on equity was -0.64%, a decrease of 1.11 percentage points compared to the previous year[3]. - The non-current assets totaled ¥298,513,341.56, up from ¥284,433,358.98, showing an increase of about 4.9%[13]. - Accounts receivable increased slightly to ¥313,953,246.14 from ¥311,060,781.45, indicating a growth of approximately 0.9%[13]. - Inventory rose to ¥182,503,771.12 from ¥143,418,195.74, marking an increase of around 27.3%[13]. - The company reported a credit impairment loss of ¥168,136.27 in Q1 2023, compared to a loss of ¥1,364,328.39 in Q1 2022, indicating an improvement[17]. Shareholder and Investment Information - The company has a significant shareholder, Liu Suiyang, holding 62.93% of the shares, indicating a strong control over the company[9]. - The company is actively involved in investment partnerships, with several institutional investors holding significant stakes, including 2.52% by Horgos Huakong Venture Capital[9]. Future Outlook - The company has not reported any significant new product developments or market expansions during this quarter[11]. - The company plans to focus on market expansion and new product development in the upcoming quarters[18].

Financial Performance - The company's operating revenue for 2022 was CNY 369,766,977.63, representing a 21.20% increase compared to CNY 305,100,698.16 in 2021[20]. - The net profit attributable to shareholders for 2022 was CNY 35,094,813.64, a decrease of 49.73% from CNY 69,818,620.85 in 2021[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 36,678,188.16, down 44.82% from CNY 66,467,531.40 in 2021[20]. - The net cash flow from operating activities for 2022 was negative CNY 94,427,465.66, a decline of 388.31% compared to CNY 32,752,277.57 in 2021[20]. - The basic earnings per share decreased by 60.33% to RMB 0.48 from RMB 1.21 in 2021[21]. - The company reported an operating profit of RMB 44,177,079.77, which is a decline of 46.56% year-on-year[27]. - The total assets increased by 62.02% to RMB 1,184,471,702.25, while net assets grew by 67.03% to RMB 875,490,318.61[27]. Cash Flow and Assets - The net cash flow from operating activities was negative at -¥94,427,465.66, a significant decline of 388.31% from a positive cash flow of ¥32,752,277.57 in the previous year[50]. - Cash and cash equivalents at the end of the period amounted to 338,428,022.49, representing 28.57% of total assets, an increase from 220,916,453.13 (30.22%) in the previous period[67]. - Accounts receivable increased by 77.45% year-on-year, reaching 311,060,781.45, due to products sold not yet settled according to contract terms[67]. - Inventory increased by 40.05% year-on-year, totaling 143,418,195.74, attributed to increased orders[68]. - Fixed assets increased by 71.73% year-on-year, amounting to 108,542,928.36, primarily for capacity expansion and machinery purchases[68]. Dividends and Shareholder Returns - The proposed cash dividend for 2022 is CNY 1.35 per 10 shares, totaling CNY 10,588,160.97, which accounts for 30.17% of the net profit attributable to shareholders[5]. - A cash dividend of CNY 2.8 per 10 shares was distributed, totaling CNY 21,549,310.16, which represents 30.86% of the net profit attributable to shareholders for 2021[125]. - The total cash dividend amount for 2022 is CNY 10,588,160.97, which is 30.17% of the consolidated net profit attributable to ordinary shareholders[128]. - The company emphasizes the importance of reasonable returns to investors while ensuring sustainable development and maintaining the continuity of its profit distribution policy[125]. Research and Development - Significant progress was made in research and development, with breakthroughs in key technologies[27]. - The company has achieved significant breakthroughs in technological innovation, particularly in the application of artificial intelligence algorithms in aerospace equipment control, leading to the submission of multiple invention and utility model patent applications[33]. - The total R&D investment was ¥16,607,534.01, accounting for 4.49% of operating revenue[61]. - Research and development expenses amounted to ¥7,758,142.09, a decrease of 8.17% from ¥8,448,396.20[50]. - The company employed 116 R&D personnel, representing 16.4% of the total workforce[62]. Risk Management - The company has not reported any significant risks that could materially affect its operations during the reporting period[6]. - The company faces risks related to policy adjustments that could impact demand for aviation equipment, potentially affecting performance[83]. - The company is at risk of declining gross margins due to rising raw material costs and increased market competition[84]. - There is a technical risk associated with the rapid modernization of military equipment, requiring suppliers to continuously enhance manufacturing and R&D capabilities[88]. Corporate Governance - The company held 4 shareholder meetings during the reporting period, reviewing 18 proposals, ensuring equal rights for all shareholders[92]. - The board of directors consists of 5 members, including 2 independent directors, and held 10 meetings, adhering to legal and regulatory requirements[94]. - The supervisory board held 6 meetings, ensuring compliance with legal obligations and actively participating in major company decisions[95]. - The company maintains strict information disclosure practices, ensuring timely and accurate communication with shareholders through designated media[96]. - The company has established independent financial and operational structures, ensuring no overlap of personnel or financial resources with the controlling shareholder[101]. Employee Management and Development - The company has implemented a dual approach to talent training, combining internal and external training methods to improve effectiveness and establish a performance-based incentive mechanism[48]. - The company has established a comprehensive employee training system, focusing on management, technology, and health training[123]. - The company provides various social security benefits for employees, including pension and medical insurance[140]. - The company emphasizes talent development and offers growth opportunities for employees[140]. Shareholder Structure and Changes - The total number of shares increased from 57,711,822 to 78,430,822 due to the issuance of 19,250,000 new shares[158]. - The top shareholder, Liu Suiyang, holds 62.93% of the shares, totaling 49,355,164 shares[170]. - The company has no controlling shareholder or actual controller, ensuring a more transparent ownership structure[173]. - The company has not reported any significant changes in the shareholding structure of independent directors and supervisors during the reporting period[106]. Environmental and Social Responsibility - The company invested 10.20 million yuan in environmental protection during the reporting period[136]. - The company does not belong to the key pollutant discharge units and has not faced any penalties for violations during the reporting period[138]. - The company has not disclosed a separate social responsibility or ESG report[139]. Audit and Compliance - The audit opinion for the financial statements was a standard unqualified opinion, confirming the fair presentation of the company's financial position[182]. - The internal control audit report received a standard unqualified opinion[135]. - The company has committed to maintaining information disclosure responsibilities as per regulatory requirements[147].

2022 年第三季度报告 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 证券代码：603261 证券简称：立航科技 成都立航科技股份有限公司 2022 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： | 项目 | 本报告期 | 本报告期比上 | | 年初至报告期末 | | --- | --- | --- | --- | --- | | | | 年同期增减变 | 年初至报告期末 | 比上年同期增减 | | | | 动幅度(%) | | 变动幅度(%) | | 营业收入 | 38,615,866.79 | -1.67 | 134,648,934.68 | 6.43 | | 归属于 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥96,033,067.89, representing a 10.07% increase compared to ¥87,244,131.94 in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2022 was ¥9,480,928.27, a decrease of 26.60% from ¥12,916,051.98 in the previous year[18]. - The net cash flow from operating activities was -¥150,962,290.35, worsening by 25.52% compared to -¥120,267,080.29 in the same period last year[18]. - Basic earnings per share decreased by 40.91% to ¥0.13 from ¥0.22 in the same period last year[19]. - The weighted average return on net assets was 1.27%, down from 2.81% in the previous year[19]. - Total operating costs amounted to ¥75,491,920.93, up 18.3% from ¥63,821,473.17 year-on-year[88]. - Operating profit for the first half of 2022 was ¥11,503,122.75, down 24.3% from ¥15,214,996.15 in the same period of 2021[89]. - Total comprehensive income for the first half of 2022 was CNY 10,905,156.92, compared to CNY 14,297,772.22 in the same period of 2021, representing a decrease of approximately 23.5%[93]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,001,657,813.21, an increase of 37.02% from ¥731,052,294.26 at the end of the previous year[18]. - The net assets attributable to shareholders increased by 61.74% to ¥847,799,233.98 from ¥524,166,850.02 at the end of the previous year[18]. - Total liabilities decreased to CNY 153,858,579.23 from CNY 206,885,444.24, a reduction of about 26%[82]. - Total equity increased to CNY 836,220,407.33 from CNY 511,163,794.72 year-on-year, reflecting a growth of 63.6%[86]. - The company's total assets at the beginning of the year were CNY 511,163,794.72[108]. Cash Flow - The company’s cash flow from financing activities increased significantly by 46,338.90% to ¥308,830,905.35, mainly due to funds raised from stock issuance[39]. - Cash inflow from operating activities increased to CNY 56,581,526.13 in the first half of 2022, up from CNY 34,780,372.01 in the first half of 2021, marking a growth of about 62.8%[94]. - Cash outflow for purchasing goods and services rose to CNY 138,650,354.12, compared to CNY 81,734,000.51 in the same period last year, an increase of about 69.5%[94]. - Investment activities resulted in a net cash outflow of CNY -63,583,384.77, compared to CNY -22,593,839.42 in the same period last year, indicating a decline of approximately 181.5%[95]. Research and Development - R&D expenses rose by 53.71% to ¥6,345,388.64, primarily due to increased salaries for R&D personnel[38]. - The company is committed to technological innovation, enhancing its core competitiveness through increased investment in new technologies[34]. - The company has established a comprehensive research and production integration system, achieving significant advancements in precision electromechanical hydraulic equipment technology[30]. Market Position and Strategy - The company operates in the aerospace manufacturing industry, focusing on ground support equipment, testing equipment, and aircraft assembly, classified under high-end equipment manufacturing[24]. - The military aviation manufacturing sector in China is expected to accelerate development during the 14th Five-Year Plan, driven by increased demand for various aircraft types[26][27]. - The company maintains a competitive edge in the ground support equipment sector, producing key products such as bomb loading vehicles and engine installation vehicles, widely used in the military[30]. - The company is actively pursuing new projects, including support equipment for new military aircraft and unmanned aerial vehicles[27][30]. Corporate Governance and Compliance - The company did not have any significant risks that materially affected its operations during the reporting period[5]. - The company has not disclosed any plans for profit distribution or capital reserve transfer during this reporting period[4]. - The company has no significant litigation or arbitration matters during the reporting period[62]. - The company has not received any penalties or corrective actions related to legal violations during the reporting period[62]. - The company has implemented measures to规范 and reduce related party transactions[61]. Shareholder Information - Liu Suiyang holds 49,355,164 shares, representing 64.13% of the total shares, with no restrictions on transfer[73]. - The company issued 19.25 million shares, representing 25.01% of the total share capital after the issuance, increasing the total share capital to 76.96 million shares[69]. - The total number of shares held by the top ten shareholders with restricted conditions amounts to 55,000,000 shares[74]. - The company has a total of 49,355,164 restricted shares that will become tradable on March 17, 2025[74]. Risk Factors - The company faces risks related to the COVID-19 pandemic, raw material price fluctuations, business management, and safety production[45]. Environmental Responsibility - The company emphasizes environmental responsibility and sustainable development, promoting energy conservation and emission reduction[54].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 33,602,448.83, representing a year-on-year increase of 176.79%[4] - The net profit attributable to shareholders was CNY 2,450,944.75, reflecting a growth of 156.13% compared to the same period last year[4] - Basic earnings per share increased by 150% to CNY 0.04[4] - Total revenue for Q1 2022 reached ¥33,602,448.83, a significant increase from ¥12,140,020.46 in Q1 2021, representing an increase of approximately 176.5%[17] - Net profit for Q1 2022 was ¥2,450,944.75, compared to a net loss of ¥4,366,803.29 in Q1 2021, marking a turnaround in profitability[18] - Operating profit for Q1 2022 was ¥2,870,267.86, a recovery from an operating loss of ¥5,032,475.81 in the same period last year[17] - The net profit for Q1 2022 was CNY 3,452,657.51, a turnaround from a net loss of CNY 3,431,468.59 in Q1 2021[27] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,032,083,033.65, up 41.18% from the previous year[5] - As of March 31, 2022, the total assets of Chengdu Lihang Technology Co., Ltd. amounted to CNY 1,032,083,033.65, an increase from CNY 731,052,294.26 at the end of 2021, representing a growth of approximately 41.2%[11] - The company's current assets reached CNY 875,366,448.03, up from CNY 588,406,406.63 in the previous year, indicating a year-over-year increase of about 48.9%[11] - The total liabilities decreased to CNY 170,273,510.98 from CNY 206,885,444.24, marking a reduction of about 16.8%[13] - The total assets increased to CNY 1,012,192,147.80 in Q1 2022 from CNY 715,562,219.62 in Q1 2021, reflecting a growth of 41.5%[25] - The total liabilities decreased to CNY 162,383,967.67 in Q1 2022 from CNY 204,398,424.90 in Q1 2021, a reduction of 20.5%[25] Cash Flow - The company's cash flow from operating activities showed a net outflow of CNY 106,812,459.79, a decrease of 5.27%[4] - Cash flow from operating activities for Q1 2022 was negative at -¥106,812,459.79, slightly worse than -¥101,467,018.67 in Q1 2021[21] - The company reported a net cash increase of ¥222,945,888.01 in Q1 2022, contrasting with a decrease of -¥114,980,468.02 in Q1 2021[22] - The net cash flow from investing activities was -$4,276,090.02, indicating a significant outflow compared to the previous period's -$14,164,879.35[30] - The net cash flow from financing activities was $350,299,999.99, a substantial increase from -$96,250.00 in the prior period[30] - The net increase in cash and cash equivalents for the period was $224,100,788.09, contrasting with a decrease of -$111,273,044.49 in the prior period[30] Equity and Retained Earnings - The total equity attributable to shareholders increased by 64.42% to CNY 861,809,522.67[5] - The equity attributable to shareholders increased to CNY 861,809,522.67, compared to CNY 524,166,850.02 at the end of 2021, showing an increase of approximately 64.3%[13] - The company's total equity increased to CNY 849,808,180.13 in Q1 2022 from CNY 511,163,794.72 in Q1 2021, representing a growth of 66.1%[25] - The company’s retained earnings reached CNY 247,991,245.08, slightly up from CNY 245,540,300.33, reflecting a modest increase of approximately 1.0%[13] Research and Development - Research and development expenses increased by 62.30%, driven by investments in R&D projects[6] - Research and development expenses increased to ¥3,057,853.52 in Q1 2022, up from ¥1,884,078.65 in Q1 2021, indicating a focus on innovation[17] - Research and development expenses for Q1 2022 were CNY 2,588,469.24, up from CNY 1,884,078.65 in Q1 2021, indicating a focus on innovation[27] Inventory and Accounts Receivable - The company experienced a significant increase in accounts receivable, up 1814.58%, due to higher operating revenue[5] - The company's accounts receivable rose to CNY 194,578,413.58 from CNY 175,290,331.38, which is an increase of about 11.0%[11] - Inventory levels increased to CNY 128,081,385.86, up from CNY 102,403,158.69, representing a growth of approximately 25.1%[11]