Financial Performance - Net profit attributable to shareholders decreased by 9.41% to CNY 23,440,996.58 year-on-year[12] - Operating income decreased by 12.36% to CNY 129,155,935.20 compared to the same period last year[12] - Basic earnings per share decreased by 14.29% to CNY 0.06[12] - Gross profit for Q1 2021 was ¥39,961,629.42, down from ¥49,304,582.13 in Q1 2020, indicating a decline in profitability[41] - Net profit for Q1 2021 was ¥28,247,559.38, compared to ¥32,576,932.91 in Q1 2020, reflecting a decrease of approximately 13.5%[41] - Operating profit for Q1 2021 was ¥21,652,743.69, down 33.8% from ¥32,691,138.02 in the same period last year[46] - Net profit for Q1 2021 was ¥19,068,347.67, representing a decline of 26.7% from ¥26,009,967.68 in Q1 2020[46] - The total profit for Q1 2021 was ¥21,282,743.69, down from ¥30,411,360.41 in Q1 2020, reflecting a decrease of 30.5%[46] Assets and Liabilities - Total assets increased by 3.73% to CNY 1,305,721,003.12 compared to the end of the previous year[12] - Total assets as of Q1 2021 were ¥1,297,893,787.61, up from ¥1,257,630,428.87 at the end of 2020[36] - Total liabilities increased to ¥298,010,937.97 in Q1 2021 from ¥276,815,926.90 at the end of 2020[36] - Shareholders' equity rose to ¥999,882,849.64 in Q1 2021 from ¥980,814,501.97 at the end of 2020[36] Cash Flow - Net cash flow from operating activities increased significantly by 432.16% to CNY 28,834,794.90[12] - Operating cash inflows totaled CNY 159,656,840.22, an increase from CNY 136,846,425.52 in the previous year, reflecting a growth of approximately 16.5%[52] - The net cash flow from operating activities was CNY 28,834,794.90, a significant improvement compared to a net outflow of CNY -8,681,071.22 in the same period last year[52] - Cash inflows from investment activities amounted to CNY 190,453,478.56, with a net cash flow from investment activities of CNY 46,973,261.40, contrasting with a net outflow of CNY -38,760.00 previously[52] - The total cash and cash equivalents at the end of the period reached CNY 523,683,798.04, up from CNY 230,895,047.89, marking an increase of approximately 126.6%[54] - The net increase in cash and cash equivalents for the period was CNY 73,633,056.30, a recovery from a decrease of CNY -8,719,831.22 in the previous year[54] Shareholder Information - The number of shareholders at the end of the reporting period was 20,847[16] - The largest shareholder, Zhang Hai, holds 46.32% of the shares, amounting to 188,668,440 shares[16] Expenses and Subsidies - The company received government subsidies amounting to CNY 960,000.00 during the reporting period[14] - Management expenses rose to $9,352,618.20 from $5,534,715.89, an increase of 68.98%[21] - Financial expenses increased by 113.30% to $88,525.76 from -$665,502.72[21] - The company incurred other expenses of ¥370,000.00 in Q1 2021, significantly lower than ¥2,279,777.61 in Q1 2020[46] - The company reported a tax expense of ¥2,214,396.02 for Q1 2021, compared to ¥4,401,392.73 in Q1 2020, indicating a reduction of approximately 49.8%[46] Inventory and Receivables - Accounts receivable financing decreased by 40.69% to CNY 22,683,292.75[18] - Prepayments increased to $11,693,425.26 from $2,697,949.30, a growth of 333.42%[21] - Other receivables rose to $5,507,118.83 from $858,611.62, marking an increase of 541.4%[21] - Inventory increased to $73,578,869.32 from $47,507,666.54, reflecting a growth of 54.88%[21] - Inventory increased significantly to ¥73,578,869.32 in Q1 2021 from ¥47,507,666.54 in Q1 2020, indicating potential stockpiling or slower sales[35] Future Plans - The company plans to conduct technical upgrades in the second quarter to ensure normal sales[21]

Financial Performance - Operating revenue for the first nine months was ¥363,575,605.42, down 36.38% from ¥571,454,686.61 in the same period last year[18] - Net profit attributable to shareholders of the listed company was ¥48,649,348.20, a decrease of 48.28% compared to ¥94,064,090.95 in the previous year[18] - Basic earnings per share decreased by 53.85% to ¥0.12 from ¥0.26 in the same period last year[20] - Total revenue for Q3 2020 was ¥81,656,124.72, a decrease of 63.5% compared to ¥223,409,726.51 in Q3 2019[54] - Operating profit for Q3 2020 was ¥2,249,392.94, down 95.1% from ¥45,857,802.90 in Q3 2019[57] - Net profit for Q3 2020 was ¥2,170,517.66, a decline of 94.4% compared to ¥38,973,853.81 in Q3 2019[57] - The company reported a net profit of CNY 281,998,428.16, compared to CNY 233,349,079.96, reflecting a growth of 20.9%[46] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,095,576,308.25, an increase of 49.91% compared to the end of the previous year[18] - Total liabilities rose to CNY 159,002,421.92 from CNY 79,721,306.69, marking a 99.5% increase[46] - Current assets totaled CNY 919,011,778.78 as of September 30, 2020, up from CNY 552,110,800.90 on December 31, 2019, representing a 66.4% increase[46] - Total equity attributable to shareholders increased to CNY 936,589,312.39 from CNY 651,098,964.19, reflecting a growth of 43.9%[46] - The company reported a total asset value of CNY 1,095,576,308.25, up from CNY 730,806,442.77, indicating a 49.8% increase[46] Cash Flow - Cash flow from operating activities for the first nine months was ¥38,336,632.26, down 50.01% from ¥76,695,521.75 in the previous year[18] - Cash inflow from financing activities totaled CNY 461,508,377.83, with a net cash flow of CNY 338,387,290.10 after outflows[65] - Net cash flow from operating activities for the first three quarters of 2020 was CNY 38,336,632.26, down from CNY 76,695,521.75 in 2019, indicating a decline of approximately 50%[63] - Total cash inflow from operating activities was CNY 427,732,423.72, down from CNY 595,410,807.13 in 2019, reflecting a decrease of approximately 28%[63] - Total cash outflow from operating activities was CNY 389,395,791.46, compared to CNY 518,715,285.38 in the same period of 2019, showing a reduction of about 25%[63] Shareholder Information - The total number of shareholders at the end of the reporting period was 20,492[26] - Major shareholder Zhang Hai holds 46.32% of the shares, with 20,000,000 shares pledged[26] Research and Development - Research and development expenses increased by 48.48% to CNY 2,942,667.08, reflecting a focus on new drug development projects[34] - Research and development expenses for Q3 2020 were ¥2,324,418.85, significantly higher than ¥145,668.47 in Q3 2019, indicating a focus on innovation[54] Government Support - The company received government subsidies of ¥99,742.00 related to stable employment during the reporting period[22] Market Strategy - The company aims to enhance market expansion and product development strategies in the upcoming quarters[56]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 281,919,480.70, a decrease of 19.00% compared to the same period last year[21]. - The net profit attributable to shareholders of the listed company was CNY 46,478,078.79, down 15.62% year-on-year[21]. - The net profit after deducting non-recurring gains and losses was CNY 48,282,771.26, a decrease of 10.97% compared to the previous year[21]. - Basic earnings per share for the first half of 2020 were CNY 0.122, a decrease of 18.67% from CNY 0.150 in the same period last year[24]. - The weighted average return on net assets was 6.17%, down 3.93 percentage points compared to the previous year[24]. - In the first half of 2020, the company achieved operating revenue of 281.92 million yuan, a year-on-year decrease of 19.00%[43]. - The net profit attributable to shareholders of the listed company was 46.48 million yuan, down 15.62% year-on-year, while the net profit after deducting non-recurring gains and losses was 48.28 million yuan, a decrease of 10.97%[43]. - The total comprehensive income attributable to the parent company was RMB 46,478,078.79, down from RMB 55,079,709.68, a decrease of 15.0%[153]. - The total comprehensive income for the current period amounts to 55,079,709.68 RMB, indicating a significant increase compared to the previous period[182]. Cash Flow and Assets - The net cash flow from operating activities increased by 24.96% to CNY 44,277,543.84[21]. - Cash and cash equivalents at the end of the period reached CNY 722,027,971.81, a 342.61% increase from CNY 163,130,596.81 due to funds raised from the IPO and increased bank loans[51]. - The company completed its initial public offering, resulting in a significant increase in financing cash flow of CNY 439,593,333.45[47]. - Current assets totaled CNY 1,032,294,075.56, a significant increase from CNY 552,110,800.90 in the previous year, representing an increase of approximately 87%[133]. - Cash and cash equivalents rose to CNY 722,027,971.81 from CNY 239,614,879.11, marking an increase of about 201%[133]. - Total liabilities reached CNY 274,553,744.56, compared to CNY 79,721,306.69 in the previous year, indicating a rise of approximately 244%[138]. - The total assets amounted to CNY 1,209,238,561.84, a substantial increase from CNY 730,806,442.77, indicating a growth of around 65%[138]. Operational Strategy - The main business focus is on the research, production, and sales of pharmaceuticals, with key products including patented throat spray and capsules for stroke-related symptoms[30]. - The company employs a sales-driven production model, adjusting procurement plans based on sales forecasts and market conditions[30]. - The company has established long-term stable relationships with suppliers for key raw materials, ensuring a reliable supply chain[30]. - The procurement process involves a rigorous selection of suppliers based on quality, price, and service, with a minimum of two qualified suppliers for each raw material[30]. - The company is focused on maintaining a balance between cost efficiency and quality in its procurement strategy[30]. - The company has implemented a professional academic promotion sales model, which has become the mainstream approach in the pharmaceutical manufacturing industry, enhancing its marketing capabilities[36]. Market Position and Product Development - The company's throat spray product, "Kaitoujian," achieved a compound annual growth rate (CAGR) of 62.78% over six years, with sales increasing from 41 million yuan in 2011 to 763 million yuan in 2017, making it a market leader[37]. - The main products are included in the national medical insurance directory, enhancing market accessibility and potential sales[30]. - The company has established long-term strategic partnerships with several research institutions and universities to enhance product quality and safety, focusing on new product development and quality standard improvements[37]. - The company plans to enhance market promotion of its main products while accelerating new product development and expanding its product line to strengthen market competitiveness[66]. Risk Management and Compliance - There were no significant risks or non-operating fund occupation by controlling shareholders and their related parties[7]. - The company is facing risks related to policy changes in the pharmaceutical industry, which could impact its operational model and product competition landscape[66]. - The company has committed to maintaining strict compliance with GMP standards, which helps mitigate risks associated with being removed from the medical insurance directory[66]. - The company has established commitments to address related party transactions and competition issues, ensuring compliance and operational integrity[74]. Shareholder and Governance - The controlling shareholder Zhang Hai has committed not to transfer or entrust the management of shares held before the IPO for 36 months from the date of listing on the Shanghai Stock Exchange[1]. - Zhang Hai will limit the annual transfer of shares to no more than 25% of the total shares held during his tenure as a director or senior management, and will not transfer shares within six months after leaving the company[1]. - The company will implement measures to stabilize its stock price if the closing price falls below the latest audited net asset value per share for 20 consecutive trading days within three years of the IPO[1]. - The company has committed to improving the efficiency of raised funds and enhancing internal controls to prevent potential dilution of immediate returns[1]. - The company will ensure that any necessary related party transactions comply with legal and regulatory requirements to protect the interests of all shareholders[1]. Environmental Compliance - Guizhou Sanli Pharmaceutical Co., Ltd. is classified as a key pollutant discharge unit in Anshun City, ensuring compliance with environmental standards for wastewater discharge[102]. - The company has established a wastewater treatment facility with a capacity of 100 tons per day, achieving over 98% removal rates for COD and ammonia nitrogen[106]. - The company has implemented a comprehensive environmental monitoring system, with real-time data transmission to provincial and municipal platforms[109]. - The company has constructed a dedicated hazardous waste storage facility, adhering to pollution control standards for hazardous waste management[106].