Financial Performance - The company's operating revenue for 2020 was RMB 576,409,916.27, representing a 0.59% increase compared to RMB 573,041,849.40 in 2019[25] - The net profit attributable to shareholders for 2020 was RMB 161,683,777.61, an increase of 16.28% from RMB 139,049,415.42 in 2019[25] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 94,991,936.14, a decrease of 16.78% compared to RMB 114,145,123.88 in 2019[25] - The net cash flow from operating activities for 2020 was RMB 188,752,935.26, which is a 43.05% increase from RMB 131,951,246.06 in 2019[25] - The net assets attributable to shareholders reached ¥1,258,376,571.97 at the end of 2020, an increase of 11.49% compared to ¥1,128,734,909.04 at the end of 2019[28] - Total assets increased by 15.44% to ¥1,461,519,990.41 in 2020 from ¥1,266,001,426.49 in 2019[28] - Basic earnings per share rose by 16.54% to ¥1.48 in 2020, compared to ¥1.27 in 2019[28] - The company reported a net profit attributable to shareholders of ¥67,197,118.61 in Q4 2020, up from ¥32,653,784.59 in Q2 2020[29] - The net cash flow from operating activities in Q4 2020 was ¥97,867,709.00, significantly higher than ¥21,569,823.77 in Q1 2020[29] - Non-recurring gains and losses totaled ¥66,691,841.47 in 2020, compared to ¥24,904,291.54 in 2019[32] Dividend Distribution - The company plans to distribute a cash dividend of RMB 5.30 per 10 shares, totaling RMB 58,580,900.00 based on a total share capital of 110,530,000 shares as of December 31, 2020[7] - The company does not plan to issue bonus shares or convert capital reserves into share capital for this profit distribution[7] - In 2020, the company distributed cash dividends of RMB 5.30 per 10 shares, totaling RMB 58,580,900, representing 36.23% of the net profit attributable to ordinary shareholders[127] Market Position and Growth - The company has established itself as a leader in the optical microscope industry, providing OEM services to major brands like Nikon and Leica[38] - The company has been recognized as a champion demonstration enterprise in the optical microscope manufacturing sector by the Ministry of Industry and Information Technology in 2020[38] - The company is actively expanding into emerging business areas such as automotive optics, machine vision, and artificial intelligence[38] - The global microscope market is expected to recover gradually after a decline in the first half of 2020 due to the pandemic, with long-term growth driven by increased investment in life sciences research[46] - The barcode scanner market is experiencing stable growth, driven by the rise of e-commerce and industrial automation, with major players like Zebra Technologies and Honeywell dominating the high-end market[49] - The automotive camera market is projected to grow rapidly, with the number of sensors in advanced driver-assistance systems (ADAS) expected to increase from 17 in 2022 to 29 by 2030, indicating a significant shift towards autonomous driving[50] - The machine vision market in China has surpassed 10 billion yuan, driven by increasing demand across various industries, including consumer electronics and automotive manufacturing[51] - The Chinese projection market is expected to see a compound annual growth rate (CAGR) of over 14% from 2019 to 2024, fueled by advancements in smart projectors and new light source technologies[52] Research and Development - The company holds 82 patents, including 18 invention patents, and has received the 2020 Zhejiang Province Standard Innovation Excellent Contribution Award, highlighting its strong R&D capabilities[56] - The company has established partnerships with top universities and research institutions, enhancing its collaborative research and development efforts in optical technology[56] - The company has achieved multiple quality management certifications, including IATF16949 and ISO13485, ensuring compliance with global standards and customer requirements[57] - R&D expenses amounted to CNY 47.29 million, accounting for 8.20% of sales revenue, with a year-on-year increase of 4.16%[69] - The total number of R&D personnel is 189, accounting for 17.14% of the total workforce[92] - The company is committed to enhancing its R&D capabilities, focusing on high-end optical components such as barcode scanning lenses and laser radar[113] Corporate Governance and Compliance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[9] - The company has not violated decision-making procedures for providing guarantees[9] - The audit report for the company was issued by Tianjian Accounting Firm with a standard unqualified opinion[6] - The company has committed to using the funds raised from the IPO specifically for designated purposes, in compliance with relevant laws and regulations[146] - The company guarantees that its prospectus for the initial public offering does not contain false statements or omissions, taking legal responsibility for its accuracy[155] - The company will ensure that any new business opportunities that may compete with the issuer will be notified in writing and offered to the issuer first[160] - The company will bear all economic compensation responsibilities for any claims or penalties arising from employee social insurance or housing fund issues[164] Shareholder Restrictions and Lock-up Period - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of its initial public offering, with a lock-up period ending on September 9, 2023[131] - Shareholders are restricted from selling more than 25% of their total shares each year during their tenure, and for six months after leaving their positions[134] - If the company's stock price falls below the issue price for 20 consecutive trading days within six months post-IPO, the lock-up period will automatically extend for at least six months[137] - The company must notify and announce any share reductions three trading days prior to the sale, with proceeds from unannounced sales reverting to the company[138] - The company has established a commitment to maintain share prices above the issue price, with adjustments made for any stock splits or dividends[137] Social Responsibility and Community Engagement - The company donated CNY 830,000 worth of laboratory-grade fluorescence microscopes to hospitals in Hubei during the pandemic[75] - The company actively practices social responsibility while enhancing its competitiveness[197] Future Outlook and Strategic Plans - The company plans to achieve a fivefold increase in output value and efficiency over the next five years as part of its new strategic plan[63] - The company anticipates significant growth opportunities in the mid-to-high-end microscopy market due to increased government investment and policy support in scientific instruments and healthcare[106] - The company aims to achieve a fivefold increase in output value and efficiency over the next five years as part of its "555" development strategy[108] - The company plans to focus on high-end microscopes and optical components, expanding applications in research and medical fields while enhancing product performance and automation[111] Related Party Transactions - The company engaged in related transactions with Nanjing Nikon, including purchasing goods worth approximately 1.99 million RMB and selling goods worth about 1.29 million RMB[187] - The company reported a rental expense of approximately 2.71 million RMB from Nanjing Nikon for leasing[187] - The company’s related transactions with United Scope LLC amounted to approximately 22.31 million RMB in sales[187] - The company has not disclosed any major related party transactions during the reporting period[190] Financial Management - The company utilized a total of RMB 940 million in raised funds and RMB 520 million in self-owned funds for financial products during the reporting period[194] - The company approved the use of up to RMB 28 million of idle raised funds for cash management on August 21, 2020[194] - The company approved the use of up to RMB 25 million of idle self-owned funds for cash management on April 24, 2020[194] - The company approved the use of up to RMB 40 million of idle self-owned funds for cash management on January 12, 2021[194] - The company has not reported any overdue amounts from entrusted financial management products[193] - The company has not engaged in any entrusted loan activities during the reporting period[197]

Financial Performance - Operating income for the first nine months was ¥401,707,245.52, a decrease of 1.37% compared to the same period last year[11]. - Net profit attributable to shareholders of the listed company was ¥94,486,659.00, down 6.14% year-on-year[11]. - Basic earnings per share decreased to ¥0.85, down 7.61% from ¥0.92 in the same period last year[13]. - The weighted average return on net assets was 7.74%, a decrease of 1.69 percentage points compared to the previous year[13]. - Total operating revenue for Q3 2020 was approximately ¥114.08 million, an increase from ¥108.75 million in Q3 2019, representing a growth of about 3.9%[55]. - The net profit for Q3 2020 was approximately ¥26.80 million, compared to ¥34.29 million in Q3 2019, indicating a decrease of about 22%[58]. - The total comprehensive income for Q3 2020 was approximately ¥26.80 million, down from ¥34.29 million in Q3 2019[58]. - The operating profit for Q3 2020 was approximately ¥31.46 million, down from ¥39.52 million in Q3 2019, reflecting a decline of about 20.5%[55]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,316,097,745.85, an increase of 3.96% compared to the end of the previous year[11]. - Net assets attributable to shareholders of the listed company amounted to ¥1,208,851,706.03, reflecting a growth of 7.10% year-on-year[11]. - Total current assets amounted to ¥895,909,027.82, a slight increase from ¥860,299,136.31 year-over-year[30]. - Total liabilities decreased to CNY 107,246,039.82 from CNY 137,266,517.45, reflecting a reduction of about 21.9%[36]. - Current liabilities decreased to CNY 98,736,546.12 from CNY 122,487,057.81, a reduction of approximately 19.4%[36]. - Total assets increased to CNY 1,316,097,745.85, up from CNY 1,266,001,426.49, representing a growth of approximately 3.2%[36]. - Non-current assets totaled CNY 420,188,718.03, compared to CNY 405,702,290.18, reflecting an increase of about 3.5%[36]. - The company reported a total current asset of CNY 796,947,466.60, an increase from CNY 766,423,165.92, indicating a growth of about 4.0%[40]. Cash Flow - The net cash flow from operating activities for the first nine months was ¥90,885,226.26, an increase of 30.45% compared to the previous year[11]. - The net cash flow from financing activities improved by ¥20,102,767.51, decreasing to -¥25,997,232.49 from -¥46,100,000.00 year-over-year, mainly due to increased cash received[26]. - The net cash flow from investing activities was negative at ¥-282,828,596.88, a significant decline from a positive cash flow of ¥25,241,606.77 in the previous year[60]. - Total cash inflow from operating activities reached ¥474,656,060.20, up from ¥444,318,349.87 year-on-year, reflecting a growth of 6.3%[60]. - The company reported a cash and cash equivalents balance of ¥215,649,327.42 at the end of the period, compared to ¥202,806,467.10 at the end of the same period in 2019[62]. Shareholder Information - The total number of shareholders at the end of the reporting period was 7,932[14]. - The largest shareholder, Yongxin Optoelectronics Industry Co., Ltd., held 32,217,250 shares, accounting for 29.15% of the total shares[14]. - Shareholders' equity increased to CNY 1,208,851,706.03 from CNY 1,128,734,909.04, representing a growth of approximately 7.1%[36]. Expenses and Subsidies - Management expenses rose by 57.87% to ¥30,384,250.16 from ¥19,246,950.69 year-over-year, primarily due to the accrual of equity incentive expenses[23]. - Other income increased by 171.89% to ¥14,440,958.14 from ¥5,311,303.13 year-over-year, largely due to government subsidies received[23]. - The company received government subsidies amounting to ¥14,440,958.14 for the first nine months, which are closely related to its normal business operations[13].

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 248,745,414.72, a decrease of 2.27% compared to CNY 254,517,043.99 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was CNY 63,467,654.09, an increase of 10.97% from CNY 57,195,284.34 year-on-year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 48,933,477.39, showing a slight decrease of 0.23% compared to CNY 49,043,995.55 in the previous year[22]. - The net cash flow from operating activities at the end of the reporting period was ¥41,455,873.08, a decrease of 5.61% compared to the previous year's end[25]. - Basic earnings per share for the first half of the year was ¥0.58, representing an increase of 11.54% compared to ¥0.52 in the same period last year[25]. - The company's gross profit margin improved to 22.5% in the first half of 2020, compared to 20.5% in the same period last year[177]. - The company reported a net profit of CNY 55,860,218.31 for the first half of 2020, compared to CNY 56,095,764.62 in the same period of 2019, a decrease of 0.42%[177]. - The total profit for the first half of 2020 was CNY 74,185,696.07, compared to CNY 66,826,723.46 in the same period last year, marking an increase of around 10.18%[181]. Revenue Breakdown - The microscope product line generated revenue of 106.96 million yuan, down 6.08%, accounting for 43.00% of total revenue[56]. - The optical components business saw revenue of 134.45 million yuan, an increase of 1.81%, making up 54.05% of total revenue[56]. - The company reported a total of ¥14,534,176.70 in non-recurring gains and losses, with government subsidies contributing ¥8,714,569.67[26]. - The company's revenue for the reporting period was CNY 248.75 million, a decrease of 2.27% compared to the same period last year[64]. Costs and Expenses - Operating costs decreased by 6.86% year-on-year, amounting to CNY 139.93 million[64]. - Research and development expenses totaled CNY 23.70 million, a year-on-year increase of 36.09%[61]. - Management expenses rose by 62.53% year-on-year, amounting to CNY 20.19 million[67]. - The company's financial expenses showed a significant increase, with interest expenses recorded at CNY 306,517.86 compared to CNY 1,058,030.88 in the previous period[181]. Assets and Liabilities - The total assets of the company as of June 30, 2020, were CNY 1,268,912,060.32, showing a marginal increase from CNY 1,266,001,426.49 at the end of 2019[169]. - The total liabilities decreased from CNY 122,487,057.81 in 2019 to CNY 88,124,859.77 in 2020, indicating a reduction of approximately 28%[169]. - The company's cash and cash equivalents decreased significantly from CNY 435,723,955.83 in 2019 to CNY 183,573,246.70 in 2020, representing a decline of approximately 57.8%[165]. - The accounts payable decreased from CNY 73,189,849.32 in 2019 to CNY 54,750,796.00 in 2020, a decrease of about 25%[169]. Market Position and Strategy - The company is a leading supplier of optical precision instruments and components in China, focusing on R&D, production, and sales of optical microscopes and components[30]. - The company has established long-term OEM partnerships with international brands such as Nikon and Leica, enhancing its market position[31]. - The company is actively expanding into emerging business areas such as automotive optics, machine vision, and artificial intelligence[31]. - The company has emphasized the importance of continuous technological innovation to maintain its competitive edge in the optical products market[79]. Shareholder Commitments and Governance - The company has committed to not transferring or managing its shares for 36 months post-IPO, with specific conditions for share reduction thereafter[93]. - The company will ensure that the funds raised from the IPO are used specifically for designated projects, adhering to regulatory requirements[107]. - The company will improve its governance structure to protect shareholders' rights and ensure effective decision-making by the board[111]. - The controlling shareholders have committed not to interfere with the company's management or infringe on its interests[111]. Risks and Compliance - The company has described potential risks in the report, urging investors to pay attention[8]. - The company is currently undergoing a review for re-certification as a high-tech enterprise, which could impact its preferential tax rate if not approved[85]. - The company has committed to ensuring that the prospectus for its initial public offering (IPO) does not contain false records, misleading statements, or significant omissions, and will bear legal responsibility for its authenticity, accuracy, and completeness[114].

Financial Performance - The company's operating revenue for 2019 was RMB 573,041,849.40, an increase of 2.09% compared to RMB 561,286,304.50 in 2018[28]. - The net profit attributable to shareholders for 2019 was RMB 139,049,415.42, representing a growth of 14.12% from RMB 121,842,641.40 in the previous year[28]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 114,145,123.88, up by 9.91% from RMB 103,851,077.17 in 2018[28]. - The net cash flow from operating activities for 2019 was RMB 131,951,246.06, an increase of 17.78% compared to RMB 112,030,441.87 in 2018[28]. - The total assets at the end of 2019 were RMB 1,266,001,426.49, reflecting a 9.14% increase from RMB 1,160,007,746.02 at the end of 2018[28]. - The net assets attributable to shareholders at the end of 2019 were RMB 1,128,734,909.04, which is a 9.64% increase from RMB 1,029,470,491.36 at the end of 2018[28]. - Basic earnings per share for 2019 was CNY 1.27, a decrease of 2.31% compared to 2018[30]. - The weighted average return on equity decreased to 12.93% in 2019, down 7.06 percentage points from 2018[30]. - The gross margin for the main business was 40.78%, reflecting a year-on-year increase of 2.01%[65]. - The company reported a net profit of CNY 24,904,291.54 from non-recurring gains in 2019, compared to CNY 17,991,564.23 in 2018[34]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 4.40 per 10 shares, totaling RMB 48,639,800.00 for the year 2019[7]. - In 2019, the company distributed a cash dividend of 4.40 RMB per 10 shares, totaling 48,639,800 RMB, which represents 34.98% of the net profit attributable to ordinary shareholders[132]. - The cash dividend distribution ratio has shown a slight increase from 34.47% in 2018 to 34.98% in 2019[132]. - The company maintained a consistent dividend policy over the past three years, with no stock bonuses issued[132]. Research and Development - R&D investment reached 45.4 million yuan, accounting for 7.92% of total revenue, with 19 patents obtained and 24 patent applications submitted[75]. - The company has established a strong R&D team and is positioned at an advanced level domestically in production technology and product performance[124]. - Research and development expenses accounted for 8% of total revenue, with a focus on new optical technologies and product innovations[171]. - The company has committed to transparency in its financial reporting and has established a robust internal control system to mitigate risks[179]. Market Expansion and Strategy - The company is actively expanding into emerging business areas such as automotive optics, machine vision, and artificial intelligence[40]. - The company plans to enhance its optical component business towards modularization and scale, focusing on high-end clients and core optical components[118]. - The company aims to achieve high-end microscope domestic substitution and expand into automated and AI-embedded microscope equipment[115]. - The company plans to expand its market presence in Southeast Asia, targeting a 20% increase in market share over the next two years[171]. Risk Management - The company has identified potential risks in its operations, which are detailed in the report[9]. - The company faces risks related to exchange rate fluctuations, as its overseas clients primarily settle in USD, while its reporting currency is RMB[125]. - The company has identified potential risks from the ongoing global pandemic affecting its main export markets, which could impact its sales and supply chain[126]. Corporate Governance - The company has established a sound corporate governance structure and internal control system to protect shareholders' rights[199]. - The company emphasizes the importance of equal rights for all shareholders, particularly minority shareholders, in its governance practices[199]. - The company has committed to enhancing internal control management and improving operational efficiency to mitigate the dilution of immediate returns from the initial public offering[152]. - The company will ensure that any share reduction complies with the laws and regulations of the securities market[149]. Operational Performance - The company has established collaborations with Zhejiang University for advanced research and development, enhancing its technological capabilities and market competitiveness[57]. - The company has a comprehensive technical layout in precision optics and has developed key technologies in high-end microscopy systems[39]. - The company has a strong competitive advantage in optical precision manufacturing, with a history of over 10 years in technology R&D and a total of 77 patents, including 13 invention patents[57]. - The company has built a robust information management platform to streamline production processes, enhancing efficiency and product quality[58]. Compliance and Auditing - The company has maintained compliance with all regulatory requirements, ensuring no penalties or sanctions were imposed during the reporting period[179]. - The company has engaged Tianjian Accounting Firm for auditing services, with a fee of RMB 700,000 for the fiscal year 2019[178]. - The company has not reported any impairment provisions for entrusted financial management or loans during the reporting period[197]. Shareholder Commitments - The company has committed to not transferring or managing shares held prior to the IPO for a period of 36 months from the date of listing[137]. - The company will comply with the relevant regulations of the China Securities Regulatory Commission and the Shanghai Stock Exchange regarding share reduction by shareholders and senior management[146]. - The company will take necessary actions to repurchase shares if any false statements or significant omissions are identified in the prospectus[158]. - The company will publicly explain any failure to fulfill commitments at shareholder meetings and designated media, and will apologize to shareholders and the public[164].

Financial Performance - Net profit attributable to shareholders increased by 19.38% to CNY 30,813,869.50 year-on-year[11] - Operating income rose by 5.20% to CNY 123,989,640.21 compared to the same period last year[11] - Basic earnings per share increased by 16.67% to CNY 0.28[11] - Total operating revenue for Q1 2020 was CNY 123,989,640.21, an increase of 5.4% compared to CNY 117,861,502.07 in Q1 2019[43] - Net profit for Q1 2020 was CNY 30,813,869.50, up 19.4% from CNY 25,811,322.44 in Q1 2019[45] - Operating profit for Q1 2020 reached CNY 29,800,324.52, up 28.5% from CNY 23,216,758.84 in Q1 2019[49] - Total comprehensive income for Q1 2020 was CNY 25,212,314.77, compared to CNY 20,295,006.87 in Q1 2019[51] Cash Flow - Net cash flow from operating activities surged by 100.87% to CNY 21,569,823.77 compared to the previous year[11] - Cash flow from operating activities for Q1 2020 was CNY 21,569,823.77, compared to CNY 10,738,319.47 in Q1 2019, indicating a significant improvement[55] - In Q1 2020, the company reported a net cash flow from operating activities of CNY 34,940,715.90, a significant increase from CNY 3,595,603.51 in Q1 2019, representing a growth of approximately 871%[57] - The total cash inflow from operating activities was CNY 133,395,897.43, compared to CNY 95,899,312.25 in the same period last year, indicating a year-over-year increase of about 39%[57] - The company reported a net cash flow from investment activities of CNY -242,696,708.52 in Q1 2020, contrasting with CNY 10,488,811.50 in Q1 2019[55] - The company experienced a net cash outflow from investing activities of CNY 233,184,987.53, contrasting with a net inflow of CNY 13,716,372.52 in Q1 2019, highlighting a significant shift in investment strategy[59] Assets and Liabilities - Total assets increased by 2.02% to CNY 1,291,551,681.43 compared to the end of the previous year[11] - Total current assets increased to ¥879,436,950.47 from ¥860,299,136.31 year-over-year[28] - Non-current assets totaled ¥412,114,730.96, slightly up from ¥405,702,290.18, indicating a 1.0% increase[31] - Total liabilities decreased to ¥105,652,858.41 from ¥137,266,517.45, a decline of about 23.0%[33] - Shareholders' equity rose to ¥1,185,898,823.02 from ¥1,128,734,909.04, an increase of approximately 5.1%[33] Expenses - Management expenses rose by 60.73% to ¥9,468,754.47 from ¥5,891,052.61 year-over-year[23] - R&D expenses increased by 35.92% to ¥10,788,346.27 from ¥7,937,082.81 year-over-year[23] - Research and development expenses increased to CNY 10,788,346.27, up 36.5% from CNY 7,937,082.81 in Q1 2019[43] Shareholder Information - The total number of shareholders at the end of the reporting period was 8,454[17] - The largest shareholder, Yongxin Optoelectronics Industry Co., Ltd., holds 29.14% of the shares[17] Government Support - The company received government subsidies amounting to CNY 2,294,572.23 during the reporting period[15] Other Financial Metrics - The weighted average return on net assets increased by 0.09 percentage points to 2.57%[11] - The company reported a credit impairment loss of ¥498,329.26, a significant increase compared to a loss of -¥36,553.51 in the previous year[23] - Other comprehensive income after tax was CNY 34,645.31, compared to a loss of CNY 95,991.30 in Q1 2019[45] - The company achieved a gross profit margin of approximately 26.0% in Q1 2020, compared to 19.0% in Q1 2019[43] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[45] Changes in Financial Reporting - The company has adopted new revenue and leasing standards starting January 1, 2020, which may affect future financial reporting and performance metrics[60]

[Important Notice](index=3&type=section&id=Item%20I.%20Important%20Notice) The company's Board of Directors, Supervisory Board, and senior management affirm the accuracy and completeness of this unaudited quarterly report - The company's Board of Directors, Supervisory Board, and all directors, supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of this quarterly report, with no false records, misleading statements, or major omissions[14](index=14&type=chunk) - All directors of the company attended the Board of Directors meeting that reviewed this quarterly report[15](index=15&type=chunk) - This company's Q3 2019 report is unaudited[17](index=17&type=chunk) [Basic Company Information](index=3&type=section&id=Item%20II.%20Basic%20Company%20Information) This section provides an overview of the company's key financial performance and shareholder structure as of the reporting period [Major Financial Data](index=3&type=section&id=2.1%20Major%20Financial%20Data) As of September 30, 2019, total assets increased by **3.45%** from the end of the previous year, while Q1-Q3 2019 operating revenue decreased by **3.39%** year-over-year, net profit attributable to shareholders increased by **8.14%**, and net cash flow from operating activities decreased by **17.99%** Major Financial Data for Q1-Q3 2019 | Indicator | Year-to-Date (Jan-Sep) | Prior Year-to-Date (Jan-Sep) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 407.27 million Yuan | 421.58 million Yuan | -3.39% | | Net Profit Attributable to Shareholders of the Listed Company | 100.66 million Yuan | 93.09 million Yuan | 8.14% | | Net Profit Attributable to Shareholders of the Listed Company Excluding Non-recurring Gains and Losses | 84.90 million Yuan | 77.41 million Yuan | 9.67% | | Net Cash Flow from Operating Activities | 69.67 million Yuan | 84.96 million Yuan | -17.99% | | Basic Earnings Per Share (Yuan/Share) | 0.92 | 1.48 | -37.84% | Non-recurring Gains and Losses Items | Item | Year-to-Date Amount (Jan-Sep) | | :--- | :--- | | Government Grants | 5.31 million Yuan | | Other Gains and Losses Items Meeting the Definition of Non-recurring Gains and Losses | 13.21 million Yuan | | **Total** | **15.76 million Yuan** | [Shareholder Information](index=4&type=section&id=2.2%20Shareholder%20Information) As of the reporting period, the company had **11,070** shareholders, with Yongxin Optoelectronics Industrial Co Ltd, Ningbo Botong Industrial Co Ltd, and Ningxing (Ningbo) Asset Management Co Ltd as the top three shareholders - As of the reporting period, the company had a total of **11,070** shareholders[21](index=21&type=chunk) Shareholding of Top Five Shareholders | Shareholder Name | Shares Held at Period End | Percentage (%) | | :--- | :--- | :--- | | Yongxin Optoelectronics Industrial Co Ltd | 32,217,250 | 29.50 | | Ningbo Botong Industrial Co Ltd | 12,122,500 | 11.10 | | Ningxing (Ningbo) Asset Management Co Ltd | 11,797,500 | 10.80 | | Ningbo Electronic Information Group Co Ltd | 8,258,250 | 7.56 | | Angao International Resources Co Ltd | 6,434,077 | 5.89 | [Significant Events](index=5&type=section&id=Item%20III.%20Significant%20Events) This section details significant changes in the company's financial statement items and indicators, along with their underlying causes during the reporting period [Explanation of Significant Changes in Major Financial Statement Items and Financial Indicators](index=5&type=section&id=3.1%20Explanation%20of%20Significant%20Changes%20in%20Major%20Financial%20Statement%20Items%20and%20Financial%20Indicators) During the reporting period, significant changes occurred across financial statements, including substantial increases in cash and cash equivalents, notes receivable, and construction in progress, a **384.15%** surge in investment income, a **64.10%** decline in other income, and a shift in net cash flow from financing activities from inflow to outflow due to cash dividends and prior IPO proceeds [Explanation of Significant Changes in Balance Sheet Items](index=6&type=section&id=3.1.1%20Explanation%20of%20Significant%20Changes%20in%20Balance%20Sheet%20Items) Compared to the end of the previous year, significant balance sheet changes include a **37.15%** increase in cash and cash equivalents, a **402.73%** surge in notes receivable due to commercial acceptance bills, a **32.65%** rise in construction in progress, a **153.33%** increase in advances from customers, and a **50.20%** decrease in other payables Major Balance Sheet Changes (Compared to End of Prior Year) | Item | Change (%) | Primary Reason | | :--- | :--- | :--- | | Cash and Cash Equivalents | 37.15% | Not explicitly stated, possibly related to operating and investing activities | | Notes Receivable | 402.73% | Commercial acceptance bills received during the reporting period | | Construction in Progress | 32.65% | Increase in construction in progress during the reporting period | | Advances from Customers | 153.33% | Increase in advances from customers during the reporting period | | Other Payables | -50.20% | Decrease in IPO intermediary fees paid and construction payables during the reporting period | [Explanation of Significant Changes in Income Statement Items](index=6&type=section&id=3.1.2%20Explanation%20of%20Significant%20Changes%20in%20Income%20Statement%20Items) In Q1-Q3 2019, income statement items saw significant year-over-year changes, including a **384.15%** surge in investment income driven by increased wealth management income, a **64.10%** decline in other income due to reduced government grants, and shifts in fair value change gains/losses and asset disposal gains/losses Major Income Statement Changes (Year-over-Year) | Item | Change (%) | Primary Reason | | :--- | :--- | :--- | | Other Income | -64.10% | Decrease in government grants received during the reporting period | | Investment Income | 384.15% | Increase in wealth management income during the reporting period | | Gains/Losses from Changes in Fair Value | Not applicable | Decrease in fair value change gains/losses during the reporting period | | Non-operating Income | 139.31% | Increase in other non-operating income during the reporting period | | Non-operating Expenses | -99.22% | Decrease in other non-operating expenses during the reporting period | [Explanation of Significant Changes in Cash Flow Statement Items](index=7&type=section&id=3.1.3%20Explanation%20of%20Significant%20Changes%20in%20Cash%20Flow%20Statement%20Items) Cash flow from operating activities decreased by **17.99%** year-over-year due to reduced government grants, while net cash flow from investing activities turned positive from wealth management redemptions and increased income, and net cash flow from financing activities turned significantly negative due to cash dividends compared to prior year IPO proceeds Major Cash Flow Statement Changes (Year-over-Year) | Item | Jan-Sep 2019 | Jan-Sep 2018 | Change Percentage | Primary Reason | | :--- | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 69.67 million Yuan | 84.96 million Yuan | -17.99% | Decrease in government grants received | | Net Cash Flow from Investing Activities | 25.24 million Yuan | -54.61 million Yuan | Not applicable | Redemption of wealth management products and increase in wealth management income | | Net Cash Flow from Financing Activities | -46.10 million Yuan | 480.17 million Yuan | Not applicable | Cash dividends paid in the current period, IPO proceeds in the prior period | [Appendix](index=8&type=section&id=Item%20IV.%20Appendix) This section includes the company's unaudited financial statements and details on adjustments made due to the adoption of new accounting standards [Financial Statements](index=8&type=section&id=4.1%20Financial%20Statements) This section presents the company's unaudited consolidated and parent company financial statements, including balance sheets, income statements, and cash flow statements, indicating steady asset growth and improved profitability despite a slight revenue decline in Q1-Q3 2019 [Consolidated Balance Sheet](index=8&type=section&id=Consolidated%20Balance%20Sheet) As of September 30, 2019, consolidated total assets reached **1.20 billion Yuan**, a **3.45%** increase from the beginning of the year, with total liabilities at **109.84 million Yuan** and equity attributable to parent company owners at **1.09 billion Yuan**, reflecting a **5.89%** increase and a stable asset structure Key Consolidated Balance Sheet Items (September 30, 2019) | Item | Amount (Yuan) | | :--- | :--- | | Total Assets | 1.20 billion | | Total Liabilities | 109.84 million | | Total Equity Attributable to Parent Company Owners | 1.09 billion | [Parent Company Balance Sheet](index=10&type=section&id=Parent%20Company%20Balance%20Sheet) As of September 30, 2019, the parent company's total assets were **1.07 billion Yuan**, total liabilities were **78.26 million Yuan**, and total owner's equity was **987.56 million Yuan** Key Parent Company Balance Sheet Items (September 30, 2019) | Item | Amount (Yuan) | | :--- | :--- | | Total Assets | 1.07 billion | | Total Liabilities | 78.26 million | | Total Owner's Equity | 987.56 million | [Consolidated Income Statement](index=13&type=section&id=Consolidated%20Income%20Statement) In Q1-Q3 2019, consolidated operating revenue reached **407.27 million Yuan**, a **3.39%** year-over-year decrease, while net profit attributable to parent company shareholders was **100.66 million Yuan**, an **8.14%** increase, with Q3 single-quarter revenue at **153 million Yuan** and net profit at **43.47 million Yuan** Key Consolidated Income Statement Items (Jan-Sep 2019) | Item | Amount (Yuan) | YoY Change | | :--- | :--- | :--- | | Total Operating Revenue | 407.27 million | -3.39% | | Operating Profit | 117.33 million | +10.11% | | Total Profit | 117.36 million | +10.23% | | Net Profit Attributable to Parent Company Shareholders | 100.66 million | +8.14% | [Parent Company Income Statement](index=16&type=section&id=Parent%20Company%20Income%20Statement) In Q1-Q3 2019, parent company operating revenue was **294.95 million Yuan**, a **3.79%** year-over-year decrease, while net profit reached **78.31 million Yuan**, a **3.87%** increase Key Parent Company Income Statement Items (Jan-Sep 2019) | Item | Amount (Yuan) | YoY Change | | :--- | :--- | :--- | | Operating Revenue | 294.95 million | -3.79% | | Net Profit | 78.31 million | +3.87% | [Consolidated Cash Flow Statement](index=18&type=section&id=Consolidated%20Cash%20Flow%20Statement) In Q1-Q3 2019, consolidated net cash flow from operating activities was **69.67 million Yuan**, a **17.99%** year-over-year decrease, while net cash flow from investing activities turned positive to **25.24 million Yuan**, and net cash flow from financing activities was **-46.10 million Yuan** due to dividend payments, with cash and cash equivalents totaling **203 million Yuan** at period end Consolidated Cash Flow Statement Summary (Jan-Sep 2019) | Item | Amount (Yuan) | | :--- | :--- | | Net Cash Flow from Operating Activities | 69.67 million | | Net Cash Flow from Investing Activities | 25.24 million | | Net Cash Flow from Financing Activities | -46.10 million | | Net Increase in Cash and Cash Equivalents | 55.13 million | [Parent Company Cash Flow Statement](index=20&type=section&id=Parent%20Company%20Cash%20Flow%20Statement) In Q1-Q3 2019, parent company net cash flow from operating activities was **74.94 million Yuan**, net cash flow from investing activities was **27.96 million Yuan**, and net cash flow from financing activities was **-46.10 million Yuan**, with cash and cash equivalents totaling **165 million Yuan** at period end Parent Company Cash Flow Statement Summary (Jan-Sep 2019) | Item | Amount (Yuan) | | :--- | :--- | | Net Cash Flow from Operating Activities | 74.94 million | | Net Cash Flow from Investing Activities | 27.96 million | | Net Cash Flow from Financing Activities | -46.10 million | | Net Increase in Cash and Cash Equivalents | 61.62 million | [Explanation of Adjustments Due to Changes in Accounting Standards](index=21&type=section&id=4.2%20Explanation%20of%20Adjustments%20Due%20to%20First-Time%20Adoption%20of%20New%20Financial%20Instruments%20Standards) Effective January 1, 2019, the company adopted new financial instrument standards, reclassifying 'financial assets measured at fair value through profit or loss' to 'financial assets held for trading' on the initial adoption date, an adjustment that did not impact opening retained earnings - The company first adopted new financial instrument standards, new revenue standards, and new lease standards from January 1, 2019, adjusting relevant financial statement items at the beginning of the year[71](index=71&type=chunk) Major Consolidated Balance Sheet Adjustments (January 1, 2019) | Item | Before Adjustment (Dec 31, 2018) | After Adjustment (Jan 1, 2019) | Adjustment Amount | | :--- | :--- | :--- | :--- | | Financial Assets Held for Trading | - | 3.41 million Yuan | +3.41 million Yuan | | Financial Assets Measured at Fair Value Through Profit or Loss | 3.41 million Yuan | - | -3.41 million Yuan |

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 254,517,043.99, a decrease of 2.79% compared to CNY 261,819,387.69 in the same period last year[24]. - Net profit attributable to shareholders of the listed company reached CNY 57,195,284.34, an increase of 11.71% from CNY 51,201,760.48 year-on-year[24]. - The net profit after deducting non-recurring gains and losses was CNY 49,043,995.55, up 12.47% from CNY 43,607,398.95 in the previous year[24]. - The net cash flow from operating activities was CNY 43,918,889.01, reflecting a 6.51% increase compared to CNY 41,235,475.62 in the same period last year[24]. - Basic earnings per share for the first half of 2019 were CNY 0.68, down 16.05% from CNY 0.81 in the same period last year[26]. - The weighted average return on net assets decreased by 5.74 percentage points to 5.41% compared to 11.15% in the previous year[26]. - The company achieved a total sales revenue of 254.52 million RMB in the first half of the year, a year-on-year decrease of 2.79%[45]. - Total operating revenue for the first half of 2019 was CNY 254,517,043.99, a decrease of 2.5% compared to CNY 261,819,387.69 in the same period of 2018[164]. - Net profit for the first half of 2019 was CNY 57,195,284.34, an increase of 11.6% compared to CNY 51,201,760.48 in the first half of 2018[168]. Assets and Liabilities - As of June 30, 2019, the net assets attributable to shareholders of the listed company were CNY 1,045,988,117.83, an increase of 1.60% from CNY 1,029,470,491.36 at the end of the previous year[24]. - Total assets amounted to CNY 1,155,577,246.30, showing a slight decrease of 0.38% from CNY 1,160,007,746.02 at the end of the previous year[24]. - Total liabilities decreased to CNY 109,589,128.47 from CNY 130,537,254.66, a reduction of 16.0%[157]. - Total equity attributable to shareholders increased to CNY 1,045,988,117.83 from CNY 1,029,470,491.36, marking a growth of 1.6%[157]. - Current assets totaled CNY 809,600,867.16 as of June 30, 2019, a decrease of 1.8% from CNY 822,328,348.71 at the end of 2018[151]. - Total assets at the end of the reporting period were 1.16 billion RMB, a decrease of 0.38% from the beginning of the period[45]. Research and Development - The company's R&D expenses amounted to ¥17,412,297.23, reflecting a decrease of 16.00% from ¥20,730,121.34 in the previous year[52]. - The company invested ¥1,741,230 in R&D, maintaining its technological leadership[48]. - The company applied for 13 patents in the first half of the year, with 5 new patents granted[48]. - Research and development expenses for the first half of 2019 were CNY 17,412,297.23, down from CNY 20,730,121.34, a reduction of approximately 16.5%[168]. Market and Competitive Position - The company faced challenges due to ongoing US-China trade tensions, but high-end microscopes and automated detection equipment saw increased demand[46]. - The company has a strong competitive advantage in optical precision manufacturing, with significant experience in technology research and development[34]. - The company has established a solid reputation in the international market, supplying well-known multinational enterprises in the optical and electronic consumer industries[40]. - Export revenue accounted for 60.10% of the main business income, indicating a strong reliance on international markets[66]. Shareholder and Capital Structure - The total number of shares increased from 84,000,000 to 109,200,000 after the profit distribution and capital reserve conversion plan, resulting in a total capital of RMB 10,920 million[133][134]. - The company distributed cash dividends of RMB 5.00 per 10 shares, totaling RMB 42,000,000[133]. - Foreign ownership accounted for 38.81% of total shares, amounting to 42,376,750 shares[132]. - The largest shareholder, Yongxin Optoelectronics Industry, holds 32,217,250 shares, representing 29.50% of total shares[140]. - The company’s stock was listed for trading on June 6, 2019, after the implementation of the profit distribution and capital increase plan[134]. Compliance and Governance - The company committed to ensuring that the prospectus for the initial public offering (IPO) does not contain false records, misleading statements, or significant omissions, and will bear individual and joint legal responsibility for its authenticity, accuracy, and completeness[100]. - The company will actively accept social supervision regarding its commitments made during the IPO and will provide compensation to investors if it fails to fulfill these commitments due to non-force majeure reasons[106]. - The company’s board of directors and senior management committed to not transferring benefits to other entities or individuals under unfair conditions, ensuring the protection of the company's interests[100]. - The company will ensure that its senior management's compensation is adjusted if they fail to fulfill the commitments related to the IPO[106]. Environmental and Social Responsibility - The company does not belong to heavily polluting industries and has established a comprehensive environmental protection system[129]. - The company adheres to the "three simultaneous" principle in project construction, ensuring environmental facilities are in place alongside production[129]. - The company has a robust mechanism for responding to environmental incidents, ensuring employee and environmental safety[129]. - The company has committed to fulfilling all economic compensation responsibilities related to employee social insurance and housing fund matters[117].

Financial Performance - Net profit attributable to shareholders of the listed company was CNY 25,811,322.44, an increase of 7.39% year-on-year[12]. - Operating income for the period was CNY 117,861,502.07, representing a decrease of 7.11% compared to the same period last year[12]. - Basic earnings per share were CNY 0.31, down 18.42% from CNY 0.38 in the previous year[12]. - Total operating revenue for Q1 2019 was $117,861,502.07, a decrease of 7.99% from $126,887,493.61 in Q1 2018[43]. - Net profit for Q1 2019 reached $25,811,322.44, an increase of 7.38% compared to $24,035,684.73 in Q1 2018[46]. - Total comprehensive income for Q1 2019 was CNY 20,295,006.87, down from CNY 21,577,835.81 in Q1 2018[50]. - Operating profit for Q1 2019 was CNY 23,216,758.84, a decrease of 6.7% from CNY 24,898,365.76 in Q1 2018[48]. Cash Flow - Net cash flow from operating activities increased by 87.34% to CNY 10,738,319.47 compared to the previous year[12]. - Cash flow from operating activities generated a net amount of CNY 10,738,319.47, compared to CNY 5,731,872.40 in Q1 2018, reflecting a significant increase[51]. - Total cash inflow from operating activities was ¥95,899,312.25, compared to ¥90,103,746.04 in Q1 2018, reflecting a growth of approximately 8.1%[57]. - The net cash flow from operating activities for Q1 2019 was ¥3,595,603.51, a significant improvement compared to a net outflow of ¥1,182,301.97 in Q1 2018[57]. - The company received cash from operating activities totaling CNY 144,179,872.20, compared to CNY 134,544,102.52 in Q1 2018, showing growth[51]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,151,862,613.43, a decrease of 0.70% compared to the end of the previous year[12]. - Total current assets decreased to ¥807,609,837.46 from ¥822,328,348.71[28]. - Total liabilities decreased from ¥130,537,254.66 to ¥95,938,556.91, a reduction of about 26.4%[34]. - Non-current liabilities decreased from ¥19,880,491.22 to ¥18,616,574.94, a reduction of about 6.36%[34]. - Current liabilities decreased significantly from ¥110,656,763.44 to ¥77,321,981.97, a decrease of approximately 30.1%[32]. - The company's equity increased from ¥1,029,470,491.36 to ¥1,055,924,056.52, an increase of approximately 2.6%[34]. Shareholder Information - The total number of shareholders at the end of the reporting period was 9,449[19]. - The largest shareholder, Yongxin Optoelectronics Industry Co., Ltd., held 29.50% of the shares[19]. Other Income and Expenses - The company received government subsidies amounting to CNY 799,617.61 during the reporting period[15]. - Non-operating income and expenses totaled CNY 4,120,382.27, with a significant portion attributed to non-recurring gains[15]. - Other income for Q1 2019 was $799,617.61, down from $1,563,239.24 in Q1 2018[43]. Research and Development - Research and development expenses for Q1 2019 were $7,937,082.81, an increase of 28.73% from $6,165,560.69 in Q1 2018[43]. - Research and development expenses increased to CNY 5,459,726.89, up 34.5% from CNY 4,059,102.21 in Q1 2018[48]. Investment Activities - Investment income increased by 1,033.79% to ¥5,399,939.28 due to returns from idle fundraising financial management[25]. - Cash flow from investing activities was ¥10,488,811.50, a significant change due to changes in financial management principal[25]. - The total cash inflow from investment activities reached ¥495,794,099.33, a substantial increase from ¥85,972,104.44 in the same period last year[57]. - The cash outflow from investment activities totaled ¥482,077,726.81, compared to ¥104,479,428.97 in Q1 2018[60].

Financial Performance - In 2018, Ningbo Yongxin Optics achieved a net profit of RMB 97,254,854.21 after deducting a 10% statutory surplus reserve of RMB 9,725,485.42, resulting in a cumulative undistributed profit of RMB 310,180,334.20[6] - The company's operating revenue for 2018 was CNY 561.29 million, an increase of 9.22% compared to CNY 513.89 million in 2017[29] - The net profit attributable to shareholders for 2018 was CNY 121.84 million, reflecting a growth of 14.19% from CNY 106.70 million in 2017[29] - The net cash flow from operating activities reached CNY 112.03 million, up 13.01% from CNY 99.13 million in the previous year[29] - The company's total assets increased by 108.85% to CNY 1,160.01 million compared to CNY 555.43 million in 2017[29] - The net assets attributable to shareholders grew by 133.69% to CNY 1,029.47 million from CNY 440.53 million in 2017[29] - The basic earnings per share for 2018 was CNY 1.79, a 5.92% increase from CNY 1.69 in 2017[30] - The weighted average return on equity decreased to 19.99%, down 7.28 percentage points from 27.27% in 2017[30] - The company reported non-recurring gains of CNY 17.99 million for 2018, compared to CNY 12.18 million in 2017[35] Shareholder Returns - The company plans to distribute a cash dividend of RMB 5.00 per 10 shares, totaling RMB 42,000,000.00, and to increase its total share capital by 25,200,000 shares through a capital reserve conversion[6] - The company has a cash dividend policy that prioritizes cash dividends, requiring at least 20% of distributable profits to be distributed in cash when conditions are met[130] - The cash dividend ratio for mature companies without major capital expenditures is set at a minimum of 80%[131] - The company reported a net profit attributable to ordinary shareholders of 121.84 million yuan in 2018, with a cash dividend of 5.00 yuan per 10 shares[137] - The company emphasizes the continuity and stability of its profit distribution policy, balancing long-term interests and sustainable development[132] Market Position and Strategy - The company focuses on high-precision optical instruments and components, exporting products primarily to Europe, the United States, Japan, and Singapore[42] - The company is actively expanding its market presence in high-end optical products, focusing on embedded microscopic systems and automotive lenses, with over 1 million front lens units produced for automotive applications[73] - The company aims to become a globally recognized enterprise in precision manufacturing, focusing on high-end optical solutions and expanding market share in emerging markets such as Eastern Europe and third-world countries[114] - The company is implementing a dual strategy of vertical and horizontal expansion in the optical components sector, focusing on high-precision applications in medical, scientific, and smart devices[114] - The company is committed to increasing its production capacity and improving product performance through the completion of fundraising projects, which will address existing capacity bottlenecks[123] Research and Development - The company holds 60 patents and has received multiple provincial and municipal science and technology awards, showcasing its strong research and development capabilities[64] - The company applied for 23 patents during the reporting period, with a total of 60 patents held by the end of the period, including 11 invention patents[76] - Research and development expenses totaled RMB 42,638,913.76, accounting for 7.60% of operating revenue[97] - The company has made significant advancements in technology, including the development of a 100x NA1.45 apochromatic objective lens and liquid zoom lens assembly technology[76] Corporate Governance and Compliance - The company has committed to ensuring that the prospectus for the initial public offering (IPO) does not contain false records, misleading statements, or significant omissions, and will bear individual and joint legal responsibility for its authenticity, accuracy, and completeness[165] - The controlling shareholder and actual controllers pledged that the IPO prospectus is free from false records or misleading statements, and they will compensate investors for any losses incurred due to such issues[166] - The company will strictly adhere to all public commitments made regarding the IPO and actively accept social supervision, including potential compensation to investors if commitments are not fulfilled[168] - The company will ensure compliance with relevant laws and regulations to maintain effective corporate governance and protect minority shareholders' interests[159] Risk Management - The company emphasizes the importance of risk awareness regarding potential future plans and development strategies[7] - The company faces risks related to currency fluctuations, as its export income is primarily denominated in USD, which may impact profitability due to exchange rate volatility[120] - The company recognizes the risk of talent shortages and rising labor costs, which could affect its operational efficiency and competitiveness in the export market[125] Operational Efficiency - The company plans to enhance internal control management and improve operational efficiency to mitigate risks and ensure effective implementation of internal controls[156] - A performance evaluation system will be established to incentivize employees, aiming to reduce operational costs and improve performance[156] - The company has established a dedicated fund management system to ensure that raised funds are used specifically for designated projects[156] Subsidiaries and Financial Management - The company’s subsidiary, Nanjing Yongxin, reported a net profit of 1,867.85 million yuan, with total assets of 216.19 million yuan[110] - The company’s other subsidiary, Yongxin Novi, achieved a net profit of 688.20 million yuan, with total assets of 38.02 million yuan[110] - The company has entrusted cash asset management with a total amount of RMB 34,084,000 from self-owned funds and RMB 38,000,000 from raised funds[198] - The bank structured deposits from raised funds include amounts of RMB 6,250,000, RMB 16,300,000, RMB 3,750,000, and RMB 11,700,000 with annualized returns ranging from 3.94% to 4.05%[198]

Financial Performance - Operating revenue for the first nine months reached CNY 421,584,116.99, a growth of 10.38% year-on-year[6] - Net profit attributable to shareholders was CNY 93,089,433.74, reflecting a 14.78% increase compared to the same period last year[6] - Basic and diluted earnings per share increased by 14.73% to CNY 1.48[7] - Total operating revenue for Q3 2018 reached ¥159,764,729.30, an increase of 16.4% compared to ¥137,282,657.39 in Q3 2017[34] - Net profit attributable to the parent company for Q3 2018 was ¥41,887,673.26, representing a 27.5% increase from ¥32,857,940.62 in Q3 2017[36] - Total profit for Q3 2018 was ¥47,737,430.19, up 26.8% from ¥37,678,278.34 in Q3 2017[35] - Total comprehensive income for the period was CNY 32,262,514.84, compared to CNY 30,492,762.55 in the previous year, indicating a year-over-year increase of 5.8%[41] Assets and Liabilities - Total assets increased by 107.78% to CNY 1,154,045,657.57 compared to the end of the previous year[6] - Current assets reached CNY 833,658,763.04, significantly higher than CNY 271,671,363.94 at the start of the year, indicating a growth of 207%[27] - Total liabilities amounted to CNY 153,554,217.05, up from CNY 114,898,470.14, which is an increase of 34%[28] - The company’s total liabilities to equity ratio improved, indicating a stronger financial position[28] Cash Flow - Cash flow from operating activities for the first nine months was CNY 84,960,105.78, up 35.73% year-on-year[6] - The net cash flow from operating activities rose by 35.73% to ¥84,960,105.78, driven by increased sales and government subsidies[21] - Cash flow from operating activities generated a net amount of CNY 84,960,105.78, compared to CNY 62,594,622.05 in the same period last year, reflecting a growth of 35.7%[43] - Financing activities generated a net cash inflow of CNY 480,167,711.67, a significant improvement from a net outflow of CNY 46,691,993.04 in the previous year[44] Shareholder Information - The total number of shareholders at the end of the reporting period was 19,157[12] - The largest shareholder, Yongxin Optoelectronics Industry Co., Ltd., holds 29.50% of the shares[12] Investments and Expenses - Research and development expenses for Q3 2018 amounted to ¥10,407,535.95, an increase of 9.1% from ¥9,535,674.33 in Q3 2017[35] - The company reported a financial expense of -¥5,194,188.42 in Q3 2018, a decrease from ¥2,636,650.95 in Q3 2017[35] - The company reported non-operating income of CNY 8,093,988.74 for the first nine months[9] Market and Product Development - The company has not disclosed any new product developments or market expansion strategies in this report[4] - The company is focusing on expanding its market presence and enhancing product development strategies to drive future growth[29]