Financial Performance - Operating revenue for the reporting period reached CNY 308,268,154.29, representing an increase of 86.93% year-on-year [5]. - Net profit attributable to shareholders of the listed company was CNY 76,202,660.73, an increase of 86.74% compared to the same period last year [5]. - Basic earnings per share for the reporting period was CNY 0.63, reflecting an increase of 85.29% year-on-year [5]. - The weighted average return on equity increased by 0.19 percentage points to 4.04% [5]. - The company reported non-recurring gains of CNY 12,430,301.31 for the period [9]. - Net profit for Q1 2021 was ¥88,601,373.89, reflecting an increase of 87.95% from ¥47,141,492.92 in the same period last year, attributed to higher sales revenue [13]. - Total revenue for Q1 2021 reached ¥308,268,154.29, a significant increase of 86.6% compared to ¥164,912,773.06 in Q1 2020 [22]. - Operating profit for Q1 2021 was ¥101,389,489.19, up 86.9% from ¥54,209,589.94 in the same period last year [22]. - Basic earnings per share for Q1 2021 were ¥0.63, compared to ¥0.34 in Q1 2020, reflecting an increase of 85.3% [23]. - In Q1 2021, the company reported a total comprehensive income of ¥88,767,247.66, compared to ¥47,678,116.99 in Q1 2020, representing an increase of approximately 86.1% [25]. - Basic and diluted earnings per share for Q1 2021 were both ¥0.63, up from ¥0.34 in Q1 2020, indicating an increase of 85.3% [25]. Cash Flow - The net cash flow from operating activities was CNY -31,470,665.51, indicating a significant change from the previous year's CNY 25,496,136.18 [5]. - Cash inflow from operating activities in Q1 2021 was ¥241,307,962.33, significantly higher than ¥115,265,638.31 in Q1 2020, marking an increase of 109.5% [27]. - The net cash flow from operating activities for Q1 2021 was -¥31,470,665.51, a decline from a positive net cash flow of ¥25,496,136.18 in Q1 2020 [28]. - Cash inflow from investment activities in Q1 2021 was ¥249,429,816.06, compared to ¥277,151,580.87 in Q1 2020, showing a decrease of 10.0% [28]. - The net cash flow from investment activities improved to ¥118,769,068.14 in Q1 2021, compared to -¥7,129,938.13 in Q1 2020 [28]. - The net increase in cash and cash equivalents for Q1 2021 was ¥87,030,357.22, compared to ¥18,407,685.20 in Q1 2020, reflecting a substantial increase of 372.5% [29]. - The ending balance of cash and cash equivalents as of the end of Q1 2021 was ¥131,691,113.17, up from ¥113,567,094.11 at the end of Q1 2020 [29]. - The company reported a significant increase in cash inflow from sales of goods and services, reaching ¥224,951,329.83 in Q1 2021, compared to ¥111,950,876.89 in Q1 2020, an increase of 100.9% [27]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,193,265,776.67, a decrease of 1.06% compared to the end of the previous year [5]. - The total number of shareholders at the end of the reporting period was 7,015 [10]. - The largest shareholder, Li Xin, held 32,467,960 shares, representing 23.10% of the total shares [10]. - Total current assets as of March 31, 2021, amounted to ¥1,653,064,591.25, a slight decrease from ¥1,658,268,429.35 on December 31, 2020 [15]. - Total liabilities decreased to ¥591,467,360.04 from ¥704,423,932.59, a reduction of 16.0% [17]. - Total liabilities decreased to ¥590,860,214.75 in Q1 2021 from ¥703,587,144.96 in Q1 2020, a reduction of 16.0% [22]. - Shareholders' equity increased to ¥1,601,798,416.63 from ¥1,512,290,971.64, representing a growth of 5.9% [17]. - Total non-current assets decreased to ¥540,201,185.42 from ¥558,446,474.88, a decline of 3.3% [16]. - Long-term equity investments rose to ¥4,339,429.66 from ¥1,089,429.66, an increase of 298.5% [15]. - The company's long-term equity investments increased by 298.32% to ¥4,339,429.66, indicating new investments made during the period [12]. - The total cost of operations for Q1 2021 was ¥233,316,419.57, up 95.1% from ¥119,594,047.91 in Q1 2020 [22]. Research and Development - Research and development expenses increased by 74.60% to ¥24,261,020.94, reflecting the company's commitment to innovation and product development [13]. - Research and development expenses rose to ¥24,261,020.94 in Q1 2021, an increase of 74.5% compared to ¥13,895,312.90 in Q1 2020 [22]. Other Income - The company reported a significant increase in other income, which rose by 727.15% to ¥14,086,501.48, due to tax refunds and government subsidies [13]. - The company reported other income of ¥14,086,501.48 in Q1 2021, significantly higher than ¥1,703,006.80 in Q1 2020 [22].

Financial Performance - The company's operating revenue for 2020 was CNY 1,134,392,413.28, representing a 74.62% increase compared to CNY 649,641,627.81 in 2019[21]. - The net profit attributable to shareholders for 2020 was CNY 331,677,604.32, which is a 102.92% increase from CNY 163,452,268.42 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was CNY 298,960,484.01, reflecting a 119.85% increase from CNY 135,984,970.99 in 2019[21]. - Basic earnings per share increased by 103.45% to CNY 2.36 in 2020 compared to CNY 1.16 in 2019[22]. - The weighted average return on equity rose to 24.40%, an increase of 9.98 percentage points from 14.42% in 2019[22]. - Total revenue for the fourth quarter was CNY 323,396,980, with a net profit attributable to shareholders of CNY 85,240,354.07[25]. - The company achieved total operating revenue of CNY 1,134.39 million, a year-on-year increase of 74.62%[49]. - The net profit attributable to shareholders reached CNY 331.68 million, up 102.92% compared to the previous year[49]. Cash Flow and Assets - The cash flow from operating activities for 2020 was CNY 206,697,307.96, up 62.74% from CNY 127,007,965.17 in 2019[21]. - The total assets at the end of 2020 were CNY 2,216,714,904.23, a 51.55% increase from CNY 1,462,690,685.83 at the end of 2019[21]. - The net assets attributable to shareholders increased to CNY 1,511,899,969.46, which is a 25.76% rise from CNY 1,202,243,934.73 in 2019[21]. - The total amount of trading financial assets increased by CNY 144,263,143.95 from CNY 543,920,662.57 at the beginning of the year to CNY 688,183,806.52 at year-end[30]. - The company reported a net cash flow from operating activities of CNY 206.70 million, a 62.74% increase year-on-year[51]. - The company's total assets reached CNY 2,216,714,904.23 in 2020, up from CNY 1,462,690,685.83 in 2019, reflecting an increase of about 51.7%[145]. Research and Development - Research and development expenses increased by 40.41% to CNY 77.27 million, reflecting the company's commitment to innovation[51]. - The company holds 34 invention patents, 33 utility model patents, and 21 design patents, showcasing its strong technological capabilities[43]. - The company is committed to continuous innovation and increasing R&D investment to maintain its high-tech enterprise qualifications, which are due for re-evaluation in 2021[84]. - The company plans to maintain over 7% of sales revenue for R&D investment, focusing on optimizing motion programmable controllers and enhancing servo control performance[76]. - The company is focusing on enhancing its independent innovation capabilities and developing key technologies in high-tech fields as part of its future strategy[71]. Market Strategy and Product Development - The company has developed a comprehensive range of industrial automation products, including programmable controllers and servo systems, to enhance its market position[30]. - The company aims to penetrate the small PLC market and gradually shift towards medium PLCs and related automation products to increase competitiveness[33]. - The company plans to expand its market share in the rapidly growing drive system segment, driven by the rise of consumer electronics and industrial robotics[33]. - The company launched the XG2 series PLC and Ethernet communication PLC, expanding its product line significantly[44]. - The company is actively expanding its market presence in various sectors, including packaging machinery and CNC machine tools, with customized solutions[45]. Risk Management - The company has outlined potential risks including macroeconomic and market risks in its report[7]. - The company faces risks from macroeconomic fluctuations and market competition, particularly from foreign enterprises expanding into the mid-low end market[78][79]. - The company will enhance its internal control and management processes to mitigate risks associated with accounts receivable and potential bad debts[81]. - The company recognizes the risk of talent shortages and plans to establish effective incentive mechanisms to retain high-quality management and technical personnel[83]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of CNY 2.80 per 10 shares, totaling CNY 39,356,800, subject to shareholder approval[5]. - The company’s profit distribution plan for 2019 included a cash dividend of 1.60 RMB per 10 shares, amounting to 22.49 million RMB, which was 13.76% of the net profit attributable to ordinary shareholders[87]. - The company’s profit distribution plan for 2018 included a cash dividend of 1.50 RMB per 10 shares, totaling 21.08 million RMB, which was 14.19% of the net profit attributable to ordinary shareholders[87]. Corporate Governance - The company adheres to legal regulations and continuously improves its corporate governance structure[134]. - There were no penalties from securities regulatory agencies in the past three years[129]. - The company has not reported any significant changes in its ordinary share capital structure during the reporting period[112]. - The company has not engaged in any major contracts or guarantees during the reporting period[109]. Employee Information - The number of employees in the parent company is 1,497, with a total of 1,506 employees including major subsidiaries[130]. - The employee composition includes 586 production personnel, 241 sales personnel, 625 technical personnel, 15 financial personnel, and 39 administrative personnel[130]. - The company has established a comprehensive training program to enhance employee skills and support organizational goals[132].

Financial Performance - Net profit attributable to shareholders rose by 112.61% to CNY 246,437,250.25 for the first nine months of the year[6]. - Operating revenue for the first nine months increased by 74.65% to CNY 810,995,433.21 compared to the same period last year[6]. - Basic earnings per share reached CNY 1.75, reflecting a growth of 113.41% compared to the previous year[7]. - The weighted average return on net assets improved by 8.25 percentage points to 18.75%[7]. - Net profit for the first three quarters of 2020 was ¥238,437,931.37, compared to ¥113,658,919.06 in the same period of 2019, representing a 109.5% increase[26]. - The net profit attributable to shareholders for Q3 2020 was ¥103,247,800.43, compared to ¥43,979,957.92 in Q3 2019, marking an increase of about 134%[28]. - The total profit for Q3 2020 was ¥116,985,675.03, up from ¥50,424,680.01 in Q3 2019, indicating a growth of approximately 132%[29]. - The company achieved a total profit of ¥283,669,677.48 for the first nine months of 2020, compared to ¥132,169,599.79 in the same period of 2019, reflecting an increase of approximately 114%[29]. Assets and Liabilities - Total assets increased by 38.34% to CNY 2,023,533,223.40 compared to the end of the previous year[6]. - The total assets of the company increased to ¥2,023,533,223.40 as of September 30, 2020, compared to ¥1,462,690,685.83 at the end of 2019[19]. - Total liabilities as of September 30, 2020, were ¥595,273,021.26, compared to ¥259,122,442.44 in the previous year, indicating a significant increase[24]. - Total liabilities reached approximately $259.12 million, with current liabilities at $240.40 million and non-current liabilities at $18.72 million[42]. - The total equity attributable to shareholders was ¥1,202,243,934.73, consistent with the previous year[38]. Cash Flow - Net cash flow from operating activities surged by 152.54% to CNY 209,386,196.53 year-to-date[6]. - Operating cash flow for the first nine months of 2020 was ¥209,386,196.53, compared to ¥82,911,495.33 in the same period of 2019, indicating a growth of about 152%[31]. - Total cash inflow from operating activities for the first nine months of 2020 was ¥659,284,128.55, up from ¥348,463,820.50 in 2019, reflecting an increase of approximately 89%[31]. - The net cash flow from operating activities for Q3 2020 was ¥210,378,509.14, a significant increase from ¥84,380,551.48 in Q3 2019, representing a growth of 148.5%[34]. - The cash inflow from operating activities was ¥658,327,944.07, up from ¥347,874,127.60 in Q3 2019, marking an increase of 89.2%[34]. Inventory and Expenses - Inventory increased significantly by 122.61% to ¥525,176,920.22, up from ¥235,922,135.79, reflecting higher sales revenue and increased stock levels[18]. - Research and development expenses grew by 48.92% to ¥57,612,021.35, compared to ¥38,687,516.40 in the same period last year, indicating a focus on innovation[14]. - Research and development expenses for the first three quarters of 2020 were ¥57,612,021.35, an increase from ¥38,687,516.40 in the same period of 2019, indicating a 48.9% rise[26]. - Total operating costs for Q3 2020 were ¥215,739,876.57, up 77% from ¥121,966,211.17 in Q3 2019[26]. Shareholder Information - The company reported a total of 5,692 shareholders at the end of the reporting period[12]. - The top shareholder, Li Xin, holds 35.10% of the shares, totaling 49,335,160 shares[10]. Government Support and Investments - The company received government subsidies amounting to CNY 3,621,906.24 during the reporting period[9]. - The company's long-term equity investment was recorded at ¥1,000,000.00, reflecting a new investment in Wuxi Yingnafis Sports Culture Development Co., Ltd.[18]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[25]. - The company has not disclosed any new product developments or market expansion strategies in this report[6].

Financial Performance - Net profit attributable to shareholders rose by 112.61% year-on-year, amounting to CNY 246,437,250.25[5] - Operating revenue for the first nine months increased by 74.65% year-on-year, totaling CNY 810,995,433.21[5] - Basic and diluted earnings per share both increased by 113.41%, reaching CNY 1.75 per share[6] - The company reported a net profit excluding non-recurring gains and losses of CNY 222,640,679.07, an increase of 130.44%[6] - The company reported a 61.13% increase in operating costs, totaling ¥452,266,380.52, compared to ¥280,682,057.20 in the same period last year[13] Asset and Cash Flow - Total assets increased by 38.34% year-on-year, reaching CNY 2,023,533,223.40[5] - Net cash flow from operating activities surged by 152.54% year-on-year, reaching CNY 209,386,196.53[5] - The company's cash and cash equivalents rose by 18.88% to ¥120,781,944.70 from ¥101,599,656.28 at the end of 2019[12] - Inventory increased by 122.61% to ¥525,176,920.22, up from ¥235,922,135.79, reflecting higher sales revenue and increased stock levels[12] - The company's financial assets increased by 26.61% to ¥688,648,695.73, up from ¥543,920,662.57, due to an increase in wealth management products[12] Shareholder Information - The number of shareholders at the end of the reporting period was 5,692[10] - The largest shareholder, Li Xin, holds 35.10% of the shares, totaling 49,335,160 shares[10] Government Support and Investments - Government subsidies recognized during the reporting period amounted to CNY 3,621,906.24[7] - The company made a new long-term equity investment of ¥1,000,000.00 in Wuxi Inafis Sports Culture Development Co., Ltd. during the reporting period[12] Research and Development - Research and development expenses grew by 48.92% to ¥57,612,021.35, compared to ¥38,687,516.40 in the previous year, indicating a commitment to innovation[13] Liabilities - The accounts payable rose by 92.21% to ¥343,687,047.31 from ¥178,808,591.79, attributed to increased sales revenue and procurement scale[12] - The deferred tax assets increased by 20.41% to ¥5,730,022.52, up from ¥4,758,669.07, due to increased inventory and related provisions[12] Return on Equity - The weighted average return on equity improved by 8.25 percentage points to 18.75%[6]

Financial Performance - The company's operating revenue for the first half of 2020 was approximately ¥496.81 million, representing a 62.53% increase compared to ¥305.68 million in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2020 was approximately ¥143.19 million, a 99.06% increase from ¥71.93 million in the previous year[18]. - The net profit after deducting non-recurring gains and losses was approximately ¥126.21 million, which is a 116.44% increase compared to ¥58.31 million in the same period last year[18]. - Basic earnings per share for the first half of 2020 were ¥1.02, doubling from ¥0.51 in the same period last year[19]. - The company reported a net cash flow from operating activities of approximately ¥137.80 million, compared to ¥41.38 million in the same period last year[18]. - The total comprehensive income for the first half of 2020 was ¥143,162,066.14, compared to ¥71,988,707.13 in the same period of 2019, marking an increase of 98.5%[90]. - The total operating costs amounted to ¥356,817,625.27, up 44.9% from ¥246,178,505.56 year-on-year[88]. - The company reported a significant increase in accounts payable, which rose to CNY 392,417,492.68 from CNY 178,808,591.79, a growth of about 119.9%[82]. Assets and Liabilities - The company's total assets at the end of the reporting period were approximately ¥1.90 billion, a 30.13% increase from ¥1.46 billion at the end of the previous year[18]. - The net assets attributable to shareholders increased by 10.04% to approximately ¥1.32 billion from ¥1.20 billion at the end of the previous year[18]. - Total liabilities reached CNY 579,471,939.94, up from CNY 259,684,680.59, indicating an increase of approximately 123%[83]. - Current assets totaled CNY 1,543,907,530.12, a significant increase from CNY 1,124,656,022.63, reflecting a growth of about 37.3%[82]. - The total amount of trading financial assets at the end of the period was CNY 644,242,741.31, up from CNY 543,920,662.57 at the beginning of the period[52]. Market Position and Products - The company specializes in the research, production, and sales of industrial automation control products, becoming a comprehensive supplier of automation industry products and intelligent control system solutions[23]. - The main product lines include programmable controllers, servo systems, human-machine interfaces, and machine vision, with a focus on providing integrated automation solutions for factory automation[23]. - The company has established a leading position in the domestic market for programmable controllers, with a complete product series including XC, XD, and RC series[25]. - The drive system products, including DS series servo drives and MS series servo motors, have seen rapid growth due to increasing demand in consumer electronics and industrial robotics[26]. - The company has successfully launched EtherCAT bus servo products, enhancing its competitive edge in the market[26]. Research and Development - The company emphasizes R&D through both internal investment and collaboration with academic institutions to ensure technological advancement[28]. - Research and development expenses rose by 51.75% to 38.13 million RMB, reflecting increased investment in product technology[45]. - The company has achieved significant breakthroughs in core technologies, holding 36 invention patents, 33 utility model patents, and 21 design patents, contributing to a high gross margin and increasing market share[36]. Shareholder and Governance - The company did not have any profit distribution plan or capital reserve transfer to share capital during the reporting period[4]. - The company has committed to not transferring or managing its shares for 60 months from the date of listing[57]. - The company reported a significant decline in stock price, remaining below the issuance price for 20 consecutive trading days[58]. - The company has established a policy to comply with all relevant regulations from the China Securities Regulatory Commission and the Shanghai Stock Exchange[59]. - The actual controller, Li Xin, has pledged to reduce related party transactions and ensure fair dealings with the company[61]. Compliance and Legal Matters - There were no significant lawsuits or arbitration matters reported during the reporting period[62]. - The company has maintained compliance with information disclosure obligations as per legal requirements[61]. - The company has not made any changes to its accounting policies or estimates compared to the previous accounting period[65]. Future Outlook - The company plans to continue its investment in ongoing projects, with construction in progress valued at CNY 122,763,453.79[48]. - The company is focused on industry marketing and product marketing strategies to meet customer demands for high-quality automation products[28]. - The company reported a steady increase in market demand for automation products, driven by long-term trends towards energy efficiency and technological upgrades, despite short-term fluctuations due to the pandemic[33].

Financial Performance - The company's operating revenue for 2019 was CNY 649,641,627.81, representing a 10.04% increase compared to CNY 590,380,206.48 in 2018[21]. - The net profit attributable to shareholders for 2019 was CNY 163,452,268.42, a 9.97% increase from CNY 148,630,008.49 in the previous year[21]. - The net cash flow from operating activities reached CNY 127,007,965.17, showing a significant increase of 97.97% compared to CNY 64,156,304.61 in 2018[21]. - The total assets of the company at the end of 2019 were CNY 1,462,690,685.83, which is a 21.24% increase from CNY 1,206,430,949.34 at the end of 2018[21]. - The net assets attributable to shareholders increased to CNY 1,202,243,934.73, reflecting a growth of 13.44% from CNY 1,059,816,975.18 in 2018[21]. - The basic earnings per share for 2019 were CNY 1.16, up from CNY 1.06 in 2018, marking a 9.43% increase[22]. - The weighted average return on equity for 2019 was 14.42%, an increase of 1.22 percentage points from 13.20% in 2018[22]. - The company achieved total operating revenue of CNY 649.64 million, a year-on-year increase of 10.04%[48]. - The net profit attributable to shareholders reached CNY 163.45 million, reflecting a growth of 9.97% compared to the previous year[48]. Dividend Policy - The company plans to distribute a cash dividend of CNY 1.60 per 10 shares, totaling CNY 22,489,600, subject to shareholder approval[5]. - The net profit attributable to ordinary shareholders for 2019 was 163,452,268.42 RMB, resulting in a dividend payout ratio of 13.76%[86]. - The company has maintained a consistent dividend distribution policy over the past three years, with dividends of 1.42 RMB, 1.50 RMB, and 1.60 RMB per 10 shares for 2017, 2018, and 2019 respectively[86]. - The company’s board approved the 2019 dividend distribution plan, which will be implemented after approval from the shareholders' meeting[84]. Market and Product Development - The company specializes in industrial automation control products, including programmable controllers and servo systems, positioning itself as a comprehensive supplier in the automation industry[28]. - The company has launched several product lines, including the XC and XD series of programmable controllers, enhancing its market competitiveness[29]. - The drive system segment has seen rapid growth, driven by the increasing demand in consumer electronics and industrial robotics[30]. - The company has developed EtherCAT bus servo systems, which have gained wide market recognition, leveraging its strong reputation in PLC products[31]. - The company focuses on providing comprehensive solutions in the textile, machinery, 3C automation, and special industry intelligent equipment sectors, maintaining technological leadership and superior service[32]. - The company has developed a diverse range of products, including visual-guided bonding equipment and textile cutting machines, responding quickly to customer needs and gaining market share among small and medium-sized clients[32]. - The company aims to become a leading industrial automation system manufacturer by developing customized solutions that meet client needs and industry trends[32]. Research and Development - Research and development expenses rose by 23.05% to CNY 55.03 million, indicating a commitment to innovation[49]. - The company holds 34 invention patents, 33 utility model patents, 21 design patents, and 33 software copyrights, reflecting its core technology advantages and continuous innovation[40]. - The company plans to maintain over 7% of sales revenue for R&D investment, focusing on optimizing motion-type programmable controllers and enhancing servo control performance[73]. Risk Management - The report includes a risk statement regarding potential macroeconomic and market risks that may impact future performance[7]. - The company faces risks from increasing accounts receivable and potential bad debts due to slower customer payment speeds[79]. - The company acknowledges the risk of intensified market competition, particularly from foreign brands, and plans to enhance R&D and product innovation[77]. Financial Position - Total liabilities reached CNY 259,684,680.59 in 2019, up from CNY 146,229,702.00 in 2018, indicating an increase of approximately 77.5%[169]. - The company's equity attributable to shareholders rose to CNY 1,202,243,934.73 in 2019, compared to CNY 1,059,816,975.18 in 2018, reflecting an increase of about 13.4%[169]. - Cash and cash equivalents amounted to CNY 101,599,656.28 in 2019, compared to CNY 58,983,348.07 in 2018, indicating an increase of about 72.2%[167]. Compliance and Governance - The company has established a governance structure that complies with relevant laws and regulations, ensuring effective decision-making and management[144]. - The company has not reported any significant deficiencies in internal controls during the reporting period[149]. - The company has disclosed its internal control self-evaluation report, confirming compliance with regulatory requirements[149]. Future Outlook - The company aims for a sales revenue growth of 15%-30% and a net profit growth of 15%-30% for 2020, depending on market conditions and team efforts[73]. - The company plans to continue focusing on market expansion and new product development to drive future growth[176].

Financial Performance - Net profit attributable to shareholders rose by 51.47% to CNY 47,139,236.94 year-on-year[5] - Operating revenue grew by 23.24% to CNY 164,912,773.06 compared to the same period last year[5] - The company reported a net profit of CNY 40,807,050.43 after deducting non-recurring gains and losses, reflecting a 55.81% increase year-on-year[5] - Net profit for Q1 2020 was ¥47,139,236.94, representing a 51.47% increase from ¥31,121,472.85 in Q1 2019, attributed to increased sales revenue and improved gross margin[10] - The total profit for Q1 2020 was CNY 54,472,481.98, compared to CNY 35,102,190.77 in Q1 2019, marking a 55.2% increase[21] - The company's operating profit for Q1 2020 was CNY 54,620,779.58, an increase of 55.5% from CNY 35,153,787.76 in Q1 2019[21] Revenue and Earnings - Basic earnings per share increased by 54.55% to CNY 0.34[5] - Total operating revenue for Q1 2020 reached ¥164,912,773.06, an increase of 23.3% compared to ¥133,810,697.14 in Q1 2019[19] - The company's operating revenue for Q1 2020 was CNY 164,266,572.59, an increase of 23.3% compared to CNY 133,205,538.97 in Q1 2019[21] - The total comprehensive income for Q1 2020 was CNY 47,678,116.99, compared to CNY 30,955,124.81 in Q1 2019, indicating a growth of 54.0%[22] Assets and Liabilities - Total assets increased by 5.51% to CNY 1,543,343,913.03 compared to the end of the previous year[5] - The company’s total liabilities increased to ¥292,821,438.28 from ¥259,684,680.59, indicating a rise in financial obligations[15] - Total assets as of March 31, 2020, amounted to ¥1,543,343,913.03, an increase from ¥1,462,690,685.83 at the end of 2019[14] - Total liabilities as of March 31, 2020, were ¥291,889,522.11, compared to ¥259,122,442.44 at the end of 2019, marking an increase of 12.6%[17] Cash Flow - Net cash flow from operating activities increased by 8.18% to CNY 25,496,136.18[5] - Cash flow from operating activities improved to ¥25,496,136.18, an 8.18% increase from ¥23,569,241.77 in Q1 2019, mainly due to increased cash receipts from customers[10] - Cash inflow from operating activities in Q1 2020 was CNY 115,265,638.31, compared to CNY 97,023,084.00 in Q1 2019, an increase of 18.8%[23] - The net cash flow from operating activities for Q1 2020 was CNY 25,591,258.46, an increase of 1.5% compared to CNY 23,489,689.58 in Q1 2019[26] Investment and Expenses - Research and development expenses rose to ¥13,895,312.90, a 21.54% increase from ¥11,432,772.30 in the previous year, reflecting increased investment in R&D[10] - Financial expenses turned positive with a net income of ¥-549,164.35 compared to a cost of ¥29,852.02 in the previous year, reflecting better financial management[10] - The company reported a decrease in management expenses by 36.63% to ¥3,657,766.20 from ¥5,772,114.80, indicating improved cost management[10] - Research and development expenses for Q1 2020 amounted to CNY 13,843,505.47, up from CNY 11,432,772.30 in Q1 2019, reflecting a growth of 21.1%[21] Shareholder Information - The total number of shareholders reached 5,535 by the end of the reporting period[7] - Shareholders' equity stood at CNY 1,203,006,005.24, with retained earnings of CNY 621,800,429.35[30] Inventory and Receivables - Accounts receivable increased by 32.73% to ¥66,024,815.38 from ¥49,743,272.60, primarily due to higher sales revenue[10] - Inventory grew by 18.67% to ¥279,966,737.52 from ¥235,922,135.79, indicating an increase in material stockpiling[10] - The company reported a significant increase in accounts receivable, which rose to ¥65,659,979.66 from ¥49,688,166.71, reflecting a growth of 32.2%[16] - Inventory levels rose to ¥279,529,876.82 from ¥235,308,901.18, indicating an increase of 18.8%[16]

Financial Performance - Net profit attributable to shareholders rose by 10.27% to CNY 115,912,998.82 for the first nine months of the year[6] - Revenue for the first nine months reached CNY 464,343,955.79, reflecting a growth of 6.58% year-over-year[6] - Basic earnings per share increased by 9.33% to CNY 0.82[6] - Net profit for the first three quarters of 2019 was ¥581,583,346.18, up from ¥486,444,850.71 in the same period of 2018, reflecting a growth of approximately 19.5%[21] - The net profit attributable to shareholders for Q3 2019 was ¥43,979,957.92, compared to ¥37,914,706.80 in Q3 2018, reflecting an increase of about 16.5%[24] - The total profit for Q3 2019 was ¥50,168,888.74, up from ¥46,387,618.77 in Q3 2018, indicating a growth of approximately 16.1%[23] - The company's total comprehensive income for Q3 2019 was ¥43,969,428.39, compared to ¥37,979,244.40 in Q3 2018, reflecting an increase of about 15.5%[25] Asset Management - Total assets increased by 9.14% to CNY 1,316,638,996.49 compared to the end of the previous year[6] - As of September 30, 2019, cash and cash equivalents increased by 30.29% to ¥76,850,414.73 compared to ¥58,983,348.07 at the end of 2018[10] - Total assets as of September 30, 2019, amounted to ¥1,316,889,886.43, compared to ¥1,205,813,469.56 at the end of 2018, marking an increase of about 9.2%[20] - Total current assets were reported at CNY 1,004,336,239.18, reflecting stable asset management[37] - Total assets reached CNY 1,205,813,469.56 as of Q3 2019[42] Cash Flow - Operating cash flow increased significantly by 619.75% to CNY 82,911,495.33 year-to-date[6] - Net cash flow from operating activities surged by 619.75% to ¥82,911,495.33, up from ¥11,519,497.00 in the previous year[11] - The net cash flow from operating activities for the first three quarters of 2019 was CNY 82,911,495.33, significantly higher than CNY 11,519,497.00 in the previous year[30] - Cash inflow from operating activities totaled CNY 348,463,820.50 in the first three quarters of 2019, compared to CNY 266,129,932.93 in the same period of 2018, showing an increase of about 30.8%[30] - Cash and cash equivalents at the end of Q3 2019 amounted to CNY 73,428,843.78, down from CNY 84,927,996.75 at the end of Q3 2018[35] Shareholder Information - The total number of shareholders reached 7,673 by the end of the reporting period[9] - The largest shareholder, Li Xin, holds 35.10% of the shares, totaling 49,335,160 shares[9] Research and Development - Research and development expenses grew by 20.15% to ¥38,687,516.40, indicating a rise in investment in innovation[11] - Research and development expenses for the first three quarters of 2019 totaled ¥38,687,516.40, compared to ¥32,198,032.80 in the same period of 2018, reflecting an increase of about 20.5%[22] - Research and development expenses for Q3 2019 amounted to ¥13,424,327.35, up from ¥12,662,251.49 in Q3 2018, which is an increase of approximately 6%[26] Liabilities - Total liabilities as of September 30, 2019, were ¥162,036,892.58, up from ¥146,098,971.18 at the end of 2018, representing an increase of approximately 10.5%[20] - Total liabilities amounted to CNY 146,098,971.18, with current liabilities at CNY 133,002,964.40[43] Investment Activities - The company received CNY 400,000.00 from investment activities in Q3 2019, up from CNY 250,000.00 in Q3 2018, reflecting a growth of 60.0%[31] - The company's investment income for Q3 2019 was ¥5,691,762.03, down from ¥7,780,905.57 in Q3 2018, reflecting a decrease of approximately 26.9%[26] - The company's investment activities resulted in a net cash outflow of CNY 51,348,690.89 for the first three quarters of 2019, compared to a net inflow of CNY 8,769,323.77 in the same period of 2018[30] - Cash outflow for investment activities was CNY 1,083,908,450.25, compared to CNY 879,209,080.03 in the same period last year[35] Other Financial Metrics - The weighted average return on equity decreased by 0.26 percentage points to 10.50%[6] - The company reported non-operating income of CNY 5,676,484.63 for the third quarter[8] - The company has not disclosed any new product developments or market expansion strategies in this report[6] - The company reported a decrease in investment income by 1.54% to ¥18,848,430.05, due to reduced returns from financial products[11] - The total assets impairment loss for Q3 2019 was -¥947,972.28, compared to -¥3,537,050.53 in Q3 2018, indicating a significant reduction in losses[23]

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 305,678,876.22, representing an increase of 8.34% compared to CNY 282,143,901.21 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2019 was CNY 71,933,040.90, up 7.04% from CNY 67,202,207.94 in the previous year[19]. - The net cash flow from operating activities improved significantly to CNY 41,383,775.58, compared to a negative cash flow of CNY -5,632,892.90 in the same period last year[19]. - Overall operating revenue increased by 8.34% to approximately 305.68 million RMB compared to the previous year[43]. - Operating revenue for the first half of 2019 was CNY 305,009,413.12, an increase of 8.4% compared to CNY 281,459,601.15 in the same period of 2018[90]. - Net profit for the first half of 2019 reached CNY 71,995,429.42, representing a 7.3% increase from CNY 67,037,015.41 in the first half of 2018[90]. - The total comprehensive income for the first half of 2019 was CNY 71,995,429.42, reflecting a growth of 7.3% from CNY 67,037,015.41 in the same period of 2018[91]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,304,335,534.39, an increase of 8.12% from CNY 1,206,430,949.34 at the end of the previous year[19]. - Total current assets reached RMB 1,077,269,480.44, compared to RMB 1,004,336,239.18 at the end of 2018, indicating an increase of about 7.25%[78]. - Total liabilities increased to RMB 192,829,579.92 from RMB 146,229,702.00, which is an increase of about 31.94%[79]. - The company's equity attributable to shareholders reached RMB 1,110,713,544.09, up from RMB 1,059,816,975.18, indicating a growth of approximately 4.8%[79]. - Accounts receivable grew by 53.33% to CNY 67,025,516.79, indicating increased sales but also potential bad debt risks[46][49]. - Inventory increased by 24.78% to CNY 204,432,415.48, reflecting higher stocking levels[46]. Research and Development - The company is focused on R&D, utilizing both internal resources and partnerships to innovate and develop new products[29]. - R&D expenses increased by 28.62% to CNY 25,127,035.93, reflecting a commitment to enhance innovation[45]. - Research and development expenses for the first half of 2019 were CNY 25,127,035.93, an increase from CNY 19,535,781.31 in the same period of 2018, representing a growth of 28.7%[86]. Market Position and Products - The company has developed a range of industrial automation control products, including programmable controllers and servo systems, to meet market demands[24]. - The company has launched several product lines, including the XC, XD, and XE series of programmable controllers, enhancing its competitiveness in the market[26]. - The servo drive products, particularly the DS series, have seen significant growth due to the increasing demand in the consumer electronics and robotics sectors[27]. - The company remains the leading domestic enterprise in the small programmable controller market, maintaining a strong brand reputation[37]. - The company has successfully penetrated the small and medium-sized PLC market, gradually expanding into mid-range PLCs and related automation products[26]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 7,913[66]. - The top shareholder, Li Xin, holds 49,335,160 shares, representing 35.10% of the total shares[68]. - The second largest shareholder, Zou Junyu, owns 30,510,200 shares, accounting for 21.71%[68]. - The total number of shares held by the top ten shareholders includes significant pledges, with Ji Feng pledging 780,000 shares and Lu Xifeng pledging 3,918,000 shares[68]. Corporate Governance - The company held its first extraordinary general meeting on February 20, 2019, where it approved the extension of the use of part of the idle raised funds for cash management[52]. - The annual general meeting on May 17, 2019, approved the 2018 financial settlement report and the 2019 financial budget report[53]. - The company appointed Ruihua Certified Public Accountants as the financial and internal control audit institution for the 2019 annual audit[56]. - There were no significant lawsuits or arbitration matters during the reporting period[58]. Financial Management - The company has not proposed any profit distribution or capital reserve transfer to share capital for the reporting period[4]. - The company has not issued any preferred shares during the reporting period[76]. - The company has not signed any agreement among the top ten shareholders, indicating they are not acting in concert[71]. Risk Management - The company plans to expand into new business areas to mitigate risks from macroeconomic fluctuations and market competition[48]. - The company is focused on enhancing management capabilities and internal controls to address risks associated with its growing scale[50]. - The company faces risks from increasing accounts receivable and potential bad debts due to slower customer payment speeds[49]. Accounting Policies - The financial statements prepared by the company comply with the requirements of the accounting standards, reflecting the financial position, operating results, changes in shareholders' equity, and cash flows accurately[126]. - The company recognizes revenue from product sales when the main risks and rewards of ownership have transferred to the buyer, and the amount can be reliably measured[188]. - The company applies the asset-liability method to recognize deferred tax assets and liabilities based on temporary differences[194].

Financial Performance - Net profit attributable to shareholders increased by 13.89% to CNY 31,121,472.85 year-on-year[6] - Operating revenue rose by 15.01% to CNY 133,810,697.14 compared to the same period last year[6] - Basic and diluted earnings per share increased by 15.79% to CNY 0.22 per share[6] - Net profit increased by 13.85% to ¥31,121,472.85, reflecting growth in operating income[12] - Total operating revenue for Q1 2019 was CNY 133,810,697.14, an increase of 15.1% compared to CNY 116,348,530.02 in Q1 2018[21] - Net profit for Q1 2019 reached CNY 31,131,661.55, a 14.9% increase from CNY 27,334,335.73 in Q1 2018[22] - Revenue for Q1 2019 was approximately ¥133.21 million, an increase of 14.7% compared to ¥116.09 million in Q1 2018[26] - Net profit for Q1 2019 reached ¥30.96 million, up 14.8% from ¥26.96 million in Q1 2018[30] Cash Flow - The net cash flow from operating activities was CNY 23,569,241.77, a significant improvement from a negative CNY 6,413,292.49 in the previous year[6] - Cash flow from operating activities improved significantly to ¥23,569,241.77, compared to a negative cash flow of ¥6,413,292.49 in the previous year[12] - Operating cash flow for Q1 2019 was ¥23.57 million, a significant improvement from a negative cash flow of ¥6.41 million in Q1 2018[29] - Net cash flow from operating activities reached ¥23,489,689.58, a significant improvement compared to a net outflow of ¥6,521,993.77 in the previous year[33] Assets and Liabilities - Total assets increased by 3.75% to CNY 1,251,686,971.84 compared to the end of the previous year[6] - Total assets reached ¥1,251,686,971.84, up from ¥1,206,430,949.34 year-over-year[16] - The company's total assets as of March 31, 2019, were CNY 1,250,341,356.64, compared to CNY 1,205,813,469.56 at the end of 2018[20] - The company’s total liabilities rose to ¥160,346,656.77, compared to ¥146,229,702.00 in the previous year[17] - The company's total liabilities were CNY 159,671,733.45 as of March 31, 2019, compared to CNY 146,098,971.18 at the end of 2018[20] - Total liabilities amounted to ¥146,229,702.00, with current liabilities at ¥133,133,695.22[36] - Total liabilities were approximately $146.10 million, with current liabilities at approximately $133.00 million and non-current liabilities at approximately $13.10 million[39] Shareholder Information - The number of shareholders reached 7,866 at the end of the reporting period[9] - The top shareholder, Li Xin, holds 35.10% of the shares, totaling 49,335,160 shares[9] Research and Development - Research and development expenses grew by 25.61% to ¥11,432,772.30, indicating increased investment in innovation[12] - Research and development expenses for Q1 2019 were CNY 11,432,772.30, compared to CNY 9,101,931.89 in Q1 2018, indicating a 25.5% increase[21] Investment Income - The company reported a non-operating income of CNY 4,931,250.60, primarily from investment income[6] - Investment income increased by 39.96% to ¥5,927,611.75, driven by higher returns from financial products[12] Inventory and Current Assets - Accounts receivable increased by 26.30% to ¥55,209,434.20 due to higher sales revenue[12] - Inventory increased by 6.11% to ¥173,850,289.54, reflecting changes in production and sales strategies[12] - Current assets totaled CNY 1,060,338,140.42 as of March 31, 2019, an increase from CNY 998,489,034.13 at the end of 2018[19] - The company’s total current assets were ¥1,004,336,239.18, with inventory valued at ¥163,835,370.14[35] Financial Standards and Adjustments - The company has implemented new financial instrument standards, impacting the classification of financial assets[36] - The company has implemented new financial instrument standards effective January 1, 2019, impacting the classification of financial products[40] - The company has not reported any adjustments related to the new leasing standards, indicating stability in its financial reporting[41]