Financial Performance - The company's operating revenue for 2021 was CNY 1,299,333,197.49, representing a 14.54% increase compared to CNY 1,134,392,413.28 in 2020[19]. - The net profit attributable to shareholders for 2021 was CNY 303,609,133.80, a decrease of 8.46% from CNY 331,677,604.32 in 2020[19]. - The net profit after deducting non-recurring gains and losses was CNY 265,086,018.61, down 11.33% from CNY 298,960,484.01 in 2020[19]. - The cash flow from operating activities for 2021 was CNY 178,431,431.08, a decline of 13.68% compared to CNY 206,697,307.96 in 2020[19]. - Basic earnings per share decreased by 8.48% to CNY 2.16 compared to CNY 2.36 in 2020[20]. - The weighted average return on equity dropped by 6.16 percentage points to 18.24% from 24.40% in 2020[20]. - The company achieved total revenue of 1,299.33 million yuan, representing a year-on-year growth of 14.54%[48]. - The net profit attributable to shareholders was 303.61 million yuan, a decrease of 8.46% compared to the same period last year[48]. Assets and Liabilities - The total assets at the end of 2021 were CNY 2,402,316,707.27, an increase of 8.37% from CNY 2,216,714,904.23 at the end of 2020[19]. - The total liabilities decreased to RMB 625,227,796.80 in 2021 from RMB 704,423,932.59 in 2020, representing a reduction of about 11.2%[186][187]. - The total equity attributable to shareholders increased to RMB 1,775,967,423.71 in 2021, up from RMB 1,511,899,969.46 in 2020, indicating a growth of approximately 17.5%[187]. - Cash and cash equivalents rose to RMB 134,007,090.01 in 2021 from RMB 103,106,430.78 in 2020, marking an increase of about 30%[185]. Revenue Streams - Revenue from programmable controllers increased by 5.17% to CNY 516 million, with a gross margin of 57.51%[29]. - Sales revenue from the drive system segment grew by 24.85% to CNY 531 million, enhancing market share[31]. - The human-machine interface segment achieved sales of CNY 213 million, reflecting steady growth[31]. - The intelligent device segment generated revenue of CNY 25.1 million, with a high degree of self-manufacturing[31]. Research and Development - Research and development expenses rose to CNY 108,169,269.40, marking a 39.99% increase as the company intensified its R&D investments[49]. - The company has authorized a total of 47 invention patents, 47 utility model patents, 30 design patents, and 44 software copyrights, showcasing its strong innovation capabilities[45]. - The company plans to maintain over 8% of sales revenue for R&D investment, focusing on optimizing programmable controllers and enhancing servo control performance[77]. Market Position and Strategy - The company operates in the industrial automation control products sector, focusing on research, production, and sales, and has become a leading supplier of comprehensive automation solutions[37]. - The domestic PLC market is primarily dominated by foreign brands, but the company has been expanding its market share through innovation and localized services[39]. - The company aims to maintain its market leadership in programmable controller products and increase market share in servo systems[74]. - The automation industry in China is expected to maintain robust growth, supported by government policies and the ongoing demand for manufacturing upgrades[34]. Risks and Challenges - The company has outlined potential risks including macroeconomic and market risks in its report[7]. - Increased competition from foreign enterprises in the industrial automation market poses a risk, necessitating continuous product innovation and management efficiency improvements[81]. - The company faces risks from macroeconomic fluctuations, which could impact market demand, particularly in the machinery equipment sector[80]. Governance and Compliance - The company maintains strict compliance with information disclosure regulations, enhancing confidentiality awareness among relevant personnel to avoid violations[89]. - The supervisory board's operations are conducted in accordance with the Company Law and the Articles of Association, ensuring legal and effective decision-making processes[89]. - The company has established a dedicated team for investor relations, ensuring effective communication while adhering to disclosure rules[89]. Future Outlook - The company aims for a sales revenue growth of 15%-25% and a net profit growth of 5%-15% for 2022, contingent on market conditions and team efforts[77]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 20%[126]. - New product launches are expected to contribute an additional $500 million in revenue over the next year[127].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 321,316,489.59, representing a year-on-year increase of 4.23%[5] - The net profit attributable to shareholders of the listed company decreased by 15.62% to CNY 74,792,785.30[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 67,928,883.07, down 10.86% compared to the same period last year[6] - The basic and diluted earnings per share were both CNY 0.53, reflecting a decrease of 15.58%[6] - The net profit for Q1 2022 was ¥74,756,616.82, a decrease of 15.6% compared to ¥88,601,373.89 in Q1 2021[17] - The total profit for Q1 2022 was ¥82,477,990.78, down from ¥101,405,002.38 in the same period last year, representing a decline of 18.6%[17] - Operating income for Q1 2022 was ¥82,352,789.70, compared to ¥101,389,489.19 in Q1 2021, reflecting a decrease of 18.8%[17] - The total comprehensive income for Q1 2022 was ¥74,793,769.52, compared to ¥88,507,444.99 in Q1 2021, indicating a decrease of 15.6%[18] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,460,506,809.17, an increase of 2.42% from the end of the previous year[6] - The equity attributable to shareholders of the listed company was CNY 1,850,793,646.43, up 4.21% from the end of the previous year[6] - Total assets increased to CNY 2,460,506,809.17 as of March 31, 2022, compared to CNY 2,402,316,707.27 at the end of 2021, reflecting a growth of approximately 2.4%[13] - Current assets totaled CNY 1,854,441,601.37, up from CNY 1,799,572,966.93, indicating an increase of about 3.0%[13] - The total liabilities decreased to CNY 608,624,129.18 from CNY 625,227,796.80, showing a reduction of approximately 2.4%[15] - Non-current assets totaled CNY 606,065,207.80, slightly up from CNY 602,743,740.34, indicating a marginal increase of about 0.5%[14] Cash Flow and Investments - The net cash flow from operating activities was CNY 20,665,028.57, with no comparative data available[6] - The cash flow from operating activities for Q1 2022 was ¥20,665,028.57, a significant improvement from a negative cash flow of ¥31,470,665.51 in Q1 2021[21] - The company reported cash inflows from investment activities of ¥367,908,294.97 in Q1 2022, compared to ¥249,429,816.06 in Q1 2021, marking a growth of 47.5%[22] Shareholder Information - The total number of common shareholders at the end of the reporting period was 12,750[10] - The top shareholder, Li Xin, held 32,467,960 shares, accounting for 23.10% of the total shares[10] Operating Costs and Expenses - Total operating costs for Q1 2022 were CNY 258,529,359.90, compared to CNY 233,316,419.57 in Q1 2021, marking an increase of approximately 10.8%[16] - Research and development expenses increased to CNY 28,098,885.09 in Q1 2022, up from CNY 24,261,020.94 in Q1 2021, reflecting a growth of about 15.4%[16] - The company incurred operating expenses of ¥225,195,485.58 in Q1 2022, down from ¥272,778,627.84 in Q1 2021, reflecting a reduction of 17.5%[21] Cash and Cash Equivalents - The company's cash and cash equivalents increased to CNY 187,215,128.53 from CNY 134,007,090.01, representing a significant growth of approximately 39.7%[13] - Cash and cash equivalents at the end of Q1 2022 amounted to ¥146,379,410.46, an increase from ¥131,691,113.17 at the end of Q1 2021[22] Tax and Refunds - The company received tax refunds amounting to ¥12,595,039.74 in Q1 2022, slightly lower than ¥12,625,352.29 in Q1 2021[21] Non-Recurring Gains and Losses - The company reported non-recurring gains and losses totaling CNY 6,863,902.23 for the period[8]

Financial Performance - The company's operating revenue for Q3 2021 was ¥336,277,006.05, representing a year-over-year increase of 7.03%[4] - The net profit attributable to shareholders for Q3 2021 was ¥74,649,616.79, a decrease of 27.70% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥69,464,682.57, down 27.97% year-over-year[4] - The basic earnings per share for Q3 2021 was ¥0.53, a decrease of 27.92% compared to the same period last year[5] - Total operating revenue for the first three quarters of 2021 reached ¥970,156,296.88, a 19.6% increase from ¥810,995,433.21 in the same period of 2020[18] - Net profit for the third quarter of 2021 was ¥229,978,638.35, a decrease of 6.6% compared to ¥246,383,307.17 in Q3 2020[19] - The net profit attributable to shareholders of the parent company for Q3 2021 was ¥230,028,719.64, down from ¥246,437,250.25 in the same quarter of 2020[20] - The company reported a decrease in comprehensive income for Q3 2021, totaling ¥229,919,493.63 compared to ¥246,413,320.23 in Q3 2020[20] - Basic earnings per share for Q3 2021 were ¥1.64, down from ¥1.75 in the same quarter of the previous year[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,253,954,921.70, an increase of 1.68% from the end of the previous year[5] - The total liabilities decreased from ¥686,664,985.25 to ¥531,113,564.28, a reduction of about 22.73%[16] - Total liabilities as of the end of Q3 2021 were ¥550,101,256.43, down from ¥704,423,932.59 at the end of Q3 2020[17] - The total equity attributable to shareholders increased to ¥1,702,518,658.86 from ¥1,511,899,969.46 year-over-year[17] Cash Flow - Cash flow from operating activities for the year-to-date was ¥72,209,248.23, a decrease of 65.51% compared to the same period last year[5] - Cash flow from operating activities for the first three quarters of 2021 was ¥72,209,248.23, significantly lower than ¥209,386,196.53 in the same period of 2020[21] - The net cash flow from investment activities was $28.14 million, a significant improvement compared to a negative cash flow of $204.17 million in the previous period[22] - The ending balance of cash and cash equivalents reached $106.87 million, up from $44.66 million at the beginning of the period[22] - The company received $50 million in cash from borrowings during the financing activities[22] - Cash paid for dividends, profits, or interest amounted to $37.93 million, an increase from $22.29 million in the previous period[22] - The company reported a cash inflow of $200,000 from minority shareholders' investments[22] - The cash flow from investment activities included $626.24 million in cash payments for investments, a decrease from $1.04 billion in the previous period[22] - The company experienced a foreign exchange impact of -$212,045.10 on cash and cash equivalents[22] Shareholder Information - The total number of common shareholders at the end of the reporting period was 10,452[11] - The largest shareholder, Li Xin, holds 32,467,960 shares, representing 23.10% of total shares[11] - The number of shares held by the top ten shareholders includes significant stakes from various institutional investors, indicating strong institutional interest[12] - The company has not disclosed any related party transactions among the top ten shareholders[12] Research and Development - Research and development expenses increased by 34.05% year-to-date, reflecting the company's commitment to innovation[8] - Research and development expenses for Q3 2021 totaled ¥77,226,442.34, an increase of 34% from ¥57,612,021.35 in Q3 2020[19] Operating Costs - Total operating costs for the first three quarters of 2021 were ¥748,193,107.12, up 30.7% from ¥572,557,501.84 in the previous year[18] - The company experienced a 49.99% increase in sales expenses year-to-date, driven by enhanced marketing network construction[8] Other Information - The company reported a non-current asset total of ¥566,596,864.39, slightly up from ¥558,446,474.88, indicating a growth of approximately 1.34%[16] - The company’s financial statements for the quarter are unaudited, which is a standard practice for interim reports[13] - The company did not apply the new leasing standards starting from 2021, indicating a potential area for future compliance adjustments[22]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 633,879,290.83, representing a 27.59% increase compared to CNY 496,812,689.97 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was CNY 155,379,102.85, an increase of 8.51% from CNY 143,189,449.82 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was CNY 137,178,793.68, up 8.69% from CNY 126,206,146.34 year-on-year[18]. - The company achieved total revenue of 633.88 million yuan, representing a year-on-year growth of 27.59%[40]. - The net profit attributable to shareholders was 155.38 million yuan, an increase of 8.51% compared to the same period last year[40]. - The gross margin for the programmable controller business segment was 56.95%, with sales revenue increasing by 7.11% to 256 million yuan[40]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion in Q2 2023, representing a 20% year-over-year growth[71]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 2,222,832,270.03, a slight increase of 0.28% from CNY 2,216,714,904.23 at the end of the previous year[18]. - The total liabilities decreased to RMB 593,512,484.51 from RMB 704,423,932.59, reflecting a reduction of about 15.8%[94]. - The company's inventory decreased by 2.91% to 563.80 million RMB, indicating improved inventory management[47]. - The total current assets as of June 30, 2021, amounted to RMB 1,643,827,801.99, a slight decrease from RMB 1,658,268,429.35 at the end of 2020[93]. - The total assets of the company included 3.22 million RMB in overseas assets, accounting for 0.14% of total assets[48]. Cash Flow - The company reported a net cash flow from operating activities of -CNY 3,663,710.42, compared to CNY 137,803,748.59 in the same period last year, indicating a significant decline[18]. - The net cash flow from investment activities was 91.76 million RMB, a significant improvement from a negative 75.91 million RMB in the previous year[44]. - Total cash inflow from operating activities was 476,835,473.42 RMB, up from 405,584,539.25 RMB in the first half of 2020, reflecting a growth of approximately 17.5%[109]. - Cash outflow from operating activities increased to 480,499,183.84 RMB, compared to 267,780,790.66 RMB in the previous year, representing a rise of about 79.3%[109]. Research and Development - The company’s R&D expenses increased by 32.95% to 50.69 million RMB, reflecting a commitment to innovation and product development[44]. - The company emphasizes a customer-driven R&D approach, ensuring that product development aligns with market needs and technological advancements[29]. - The company is investing heavily in R&D, with a budget allocation of 200 million for new technology development in the upcoming year[72]. Market Position and Strategy - The company has established itself as a leading supplier of industrial automation control products, focusing on programmable controllers, servo systems, and integrated electrical control applications[24]. - The drive system segment has seen rapid growth, driven by the increasing demand in consumer electronics and industrial robotics, with the company enhancing its hardware and software capabilities[26]. - The company is focusing on specialized industries such as textiles and machinery, providing comprehensive electrical and visual solutions, which has helped it capture market share among small and medium-sized clients[28]. - The company aims to become a top-tier industrial automation system manufacturer, focusing on high-quality, high-performance products to meet customer demands for automation upgrades[28]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,244[79]. - The largest shareholder, Li Xin, held 32,467,960 shares, representing 23.10% of the total shares[81]. - The company did not propose any profit distribution or capital reserve increase for the half-year period[61]. Corporate Governance - The company held its annual general meeting on May 27, 2021, where several key reports and proposals were approved, including the financial budget for 2021[58]. - The new board of directors and supervisory board members were elected on May 27, 2021, with a term of three years[60]. Compliance and Reporting - There were no significant changes reported in the company's environmental responsibilities or initiatives during the reporting period[64]. - The company did not disclose any new employee stock ownership plans or other incentive measures[62]. - The company reported no significant litigation or arbitration matters during the reporting period[75]. Future Outlook - The company provided an optimistic outlook for the next quarter, projecting a revenue increase of 25% based on current market trends[73]. - The company's future outlook remains cautiously optimistic, with a focus on maintaining equity growth and profitability[121].

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].