Financial Performance - The company's operating revenue for the first half of the year reached ¥1,119,931,790.52, representing a year-on-year increase of 21.67% compared to ¥920,476,042.92 in the same period last year[23]. - Net profit attributable to shareholders decreased by 45.92% to ¥81,358,912.96, down from ¥150,450,045.52 in the previous year, primarily due to significant government subsidies and fair value adjustments received last year[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 128.12% to ¥97,261,547.63, compared to ¥42,635,252.21 in the same period last year, driven by growth in the semiconductor equipment business[25]. - Basic earnings per share decreased by 46.44% to ¥0.256, while diluted earnings per share also fell by 46.33% from ¥0.478 to ¥0.256[23]. - The weighted average return on net assets decreased by 2.43 percentage points to 1.98% from 4.41% in the previous year[23]. - The company achieved a significant growth in orders from major clients, including leading semiconductor manufacturers such as SMIC and Hua Hong, indicating a strong market position[58]. - The company reported a net loss of approximately 52.12 million in the latest financial period[182]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥449,141,498.90, worsening from -¥169,727,841.62 in the previous year[23]. - Cash flow from operating activities for the first half of 2022 was negative at approximately -¥449.14 million, compared to -¥169.73 million in the same period of 2021[165]. - The total cash outflow from operating activities was 1,026,416,339.00 RMB, slightly lower than 1,058,071,669.48 RMB in the previous year[169]. - The net cash flow from financing activities was 190,920,530.02 RMB, compared to 101,664,690.63 RMB in the same period last year, indicating a positive trend[171]. - Cash and cash equivalents at the end of the period totaled 152,419,413.53 RMB, down from 187,647,170.99 RMB year-on-year[171]. Assets and Liabilities - Total assets increased by 8.57% to ¥8,612,541,489.92, compared to ¥7,933,017,527.63 at the end of the previous year[23]. - Total liabilities reached ¥4,203,277,440.82, an increase of 15.4% from ¥3,642,566,791.65[151]. - Total equity increased to ¥4,409,264,049.10, compared to ¥4,290,450,735.98, marking a growth of 2.8%[151]. - The total number of shares after the changes was 319,580,474, with 96.70% being unrestricted shares[134]. Research and Development - The R&D expenses increased by 21.74% to ¥59,224,478.36, reflecting the company's commitment to enhancing technology in the semiconductor sector[62]. - The company continues to invest in the development of advanced process equipment, including multi-reactor chambers and supercritical cleaning technologies, to meet industry demands[30]. - The company has successfully completed multiple core equipment and control software developments for high-purity process systems, achieving ppb-level impurity control[48]. Market Position and Orders - The total new orders amounted to 2.362 billion CNY, a year-on-year growth of 37.33%, with 806 million CNY specifically from semiconductor process equipment[52]. - The semiconductor process equipment segment saw new orders increase by 87.44% to 806 million CNY, with revenue reaching 466 million CNY, up 73.09%, and a gross margin improvement of 11.21 percentage points to 35.11%[54]. - The company has become a leader in high-purity process systems in China, with increasing market share in high-purity gas and chemical supply equipment[36]. Environmental Compliance - The company has reported no significant environmental violations or penalties during the reporting period, maintaining compliance with environmental regulations[88]. - The company has established an environmental self-monitoring plan, conducting regular tests on wastewater, waste gas, and noise to ensure compliance with pollution discharge standards[96]. - The company has implemented measures to reduce carbon emissions, including a 560KWp distributed photovoltaic power generation project on the rooftops of its office and R&D buildings[100]. Corporate Governance and Shareholder Rights - The company has a long-term commitment to avoid any related party transactions that could harm the interests of shareholders[103]. - The company ensures that related party transactions are conducted at fair prices, in compliance with legal procedures, and does not engage in any actions that could harm the company or its shareholders[105]. - The company has committed to maintaining the rights and interests of all shareholders, ensuring that management acts diligently and faithfully[113]. Risks and Challenges - The company faces industry development risks due to cyclical fluctuations in downstream semiconductor sectors affecting market demand and sales margins[73]. - The company relies on imported components for cleaning equipment, exposing it to operational risks from geopolitical tensions[76]. - The company is at risk of losing market share if competitors engage in price wars[77].

Financial Performance - The company's operating revenue for 2021 was ¥2,084,097,721.32, representing a 49.18% increase compared to ¥1,397,056,129.25 in 2020[27]. - The net profit attributable to shareholders for 2021 was ¥281,764,365.40, an 8.12% increase from ¥260,599,716.15 in 2020[27]. - The net profit after deducting non-recurring gains and losses was ¥162,159,706.57, up 46.57% from ¥110,639,917.21 in 2020[27]. - Total assets increased by 33.18% to ¥7,933,017,527.63 at the end of 2021, compared to ¥5,956,662,795.43 at the end of 2020[27]. - The weighted average return on net assets decreased to 8.10% in 2021, down 7.93 percentage points from 16.03% in 2020[27]. - The company reported a net cash flow from operating activities of -¥190,723,819.30 for 2021, an improvement from -¥280,927,495.31 in 2020[27]. - The basic earnings per share for 2021 was ¥0.891, a decrease of 12.04% from ¥1.013 in 2020[27]. - The company achieved a quarterly revenue of ¥801,583,658.29 in Q4 2021, contributing to the overall annual growth[29]. - Non-recurring gains included government subsidies amounting to ¥84,055,571.01 in 2021, compared to ¥12,850,035.77 in 2020[34]. Risk Management and Governance - The company received a standard unqualified audit report from Zhonghua Certified Public Accountants[5]. - There were no significant risks that materially affected the company's operations during the reporting period[8]. - The company confirmed that there were no non-operating fund occupations by controlling shareholders or related parties[8]. - The board of directors and supervisory board members ensured the authenticity, accuracy, and completeness of the annual report[4]. - The financial report was signed and sealed by the company's responsible persons and accounting personnel, ensuring its integrity[5]. - The company did not face any violations in decision-making procedures regarding external guarantees[8]. - The company has outlined potential risks in its management discussion and analysis section[8]. - The company is committed to maintaining transparency and accountability in its financial disclosures[4]. - The company has established a governance structure that includes a board of directors, supervisory board, and management team, ensuring clear responsibilities and checks and balances[137]. - The company has not disclosed any significant differences in governance compared to regulations set by the China Securities Regulatory Commission[137]. - The company has not reported any measures affecting its independence from controlling shareholders or actual controllers[137]. - The company’s independent directors and supervisors have maintained their shareholdings without any changes during the reporting period[142]. - The company’s governance practices comply with relevant laws and regulations, ensuring effective operation[137]. Research and Development - The company has filed 551 patent applications, with 322 patents granted, including 250 invention patents[71]. - The company has a total of 240 R&D personnel, accounting for 16.32% of the total workforce[91]. - The number of R&D personnel with a master's degree is 30, while those with a bachelor's degree total 138[94]. - Research and development expenses amounted to ¥144,407,020.22, reflecting a 51.18% increase from ¥95,522,856.82 in the previous year[76]. - Total R&D investment reached ¥302,291,088.79, accounting for 14.50% of operating revenue, with 52.23% of R&D costs capitalized[90]. - The company is committed to optimizing its internal management and processes to ensure stable operations and risk mitigation in a changing market environment[130]. - Investment in research and development is prioritized, with a budget allocation aimed at innovative solutions[151]. Market Position and Strategy - The company’s semiconductor-related business accounts for over 70% of its total operations, highlighting its focus on this critical sector[47]. - The company is positioned to benefit from the ongoing global semiconductor supply chain challenges, with lead times extending to 25 weeks as of December 2021[44]. - The domestic semiconductor equipment market demand accounts for nearly 30% of the global market, maintaining its status as the largest market[46]. - The company achieved a total revenue of RMB 2.084 billion, representing a year-on-year increase of 49.18%[75]. - The total new orders amounted to RMB 3.230 billion, representing a year-on-year growth of 64.80%, with semiconductor equipment orders reaching RMB 1.120 billion, up 111.32%[39]. - The company plans to issue convertible bonds totaling up to RMB 1.1 billion to support various R&D projects and manufacturing initiatives[43]. - The company aims to achieve over 4 billion CNY in new orders for 2022, with over 2 billion CNY specifically for wet process equipment, expecting single-piece equipment to account for 60% of new orders[127]. - The company plans to double its wet process equipment production capacity in 2022 compared to 2021, focusing on high-end single-piece equipment to meet the demand for advanced process production lines[128]. - The company’s long-term strategy is to become a leading domestic supplier of semiconductor process equipment and materials, participating in international competition[123]. - The company emphasizes attracting international talent for R&D and innovation, focusing on customer needs to drive product development[126]. Environmental and Social Responsibility - The company has committed to reducing carbon emissions through various initiatives, including a 560KWp distributed photovoltaic power generation project[193]. - The company has established a rainwater collection system with a capacity of 30 cubic meters for irrigation and cleaning purposes[193]. - The company has maintained compliance with environmental protection standards, with no pollution incidents reported during the reporting period[192]. - The company guarantees to strictly adhere to commitments regarding the protection of shareholders' rights and interests, ensuring no illegal activities that could harm the company or its shareholders occur[200]. Shareholder and Financial Policies - The company has a three-year dividend return plan for shareholders from 2021 to 2023, as discussed in the board meeting on August 24, 2021[157]. - The company did not propose a cash profit distribution plan for 2021 due to the need to reserve funds for semiconductor equipment R&D and related services, ensuring financial stability amid business growth[179]. - The company approved a cash dividend distribution plan for the 2020 fiscal year, distributing 1.6363 CNY per 10 shares, totaling 52,121,141.46 CNY, which represents 20.00% of the net profit attributable to shareholders[175]. - The company has implemented a stock incentive plan, with 300,000 new stock options granted during the reporting period, increasing the total options held to 594,000[184]. - The company’s executives were granted 200,000 new restricted stocks at a price of 17.76 CNY, with all shares yet to be unlocked[184]. - The company’s retained earnings will also support the development of high-purity process systems and optical sensing systems, which have longer payment cycles[179].

Financial Performance - The company's revenue for Q1 2022 was ¥547,720,011.50, representing a year-on-year increase of 136.98%[6] - The net profit attributable to shareholders was ¥21,894,447.62, a decrease of 70.78% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥38,711,933.55, an increase of 1,130.87% year-on-year[6] - The basic earnings per share for the period was ¥0.069, down 71.13% from the previous year[6] - Net profit for Q1 2022 was ¥28,934,033.30, down from ¥72,175,570.36 in Q1 2021, reflecting a decrease of approximately 59.9%[38] - The total comprehensive income for the period was CNY 27,168,426.04, a decrease from CNY 71,555,733.61 in the previous period[40] - The basic and diluted earnings per share were both CNY 0.069, down from CNY 0.239 in the previous period[40] Assets and Liabilities - The total assets at the end of the period were ¥7,956,309,881.76, a slight increase of 0.29% from the end of the previous year[8] - The company's total liabilities amounted to ¥3,634,203,686.57, slightly down from ¥3,642,566,791.65 in the previous period[32] - The company’s total liabilities were approximately 4.74 billion RMB as of March 31, 2022, compared to 4.77 billion RMB at the end of 2021, showing a slight decrease[29] - The total equity attributable to shareholders increased to ¥4,091,318,648.23 from ¥4,066,221,927.32, showing a growth of about 0.6%[32] - The company reported a total of 1.27 billion RMB in inventory as of March 31, 2022, up from 1.18 billion RMB at the end of 2021, indicating a growth of approximately 7.5%[26] - The company’s deferred income tax liabilities were reported at ¥25,460,875.79, a minor decrease from ¥25,585,361.26 in the previous period[32] Cash Flow - The net cash flow from operating activities was -¥232,528,984.13, indicating a negative cash flow situation[6] - The cash inflow from operating activities totaled CNY 596,102,244.14, up from CNY 481,678,396.01 in the previous period[43] - The cash outflow from operating activities was CNY 828,631,228.27, compared to CNY 555,721,024.65 in the previous period, reflecting increased operational costs[43] - The net cash flow from investing activities was CNY -149,419,770.81, a decrease from CNY -377,178,745.82 in the previous period[43] - The net cash flow from financing activities was CNY 28,157,796.42, down from CNY 101,072,415.87 in the previous period[43] - The company reported a total of 1.18 billion RMB in cash and cash equivalents as of March 31, 2022, down from 1.52 billion RMB at the end of 2021, representing a decrease of approximately 22%[26] Operating Costs and Expenses - The company experienced a significant increase in operating costs, which rose by 162.62% due to the growth in revenue[12] - Total operating costs for Q1 2022 were ¥494,404,998.43, compared to ¥241,887,473.22 in Q1 2021, indicating an increase of about 104.5%[34] - Research and development expenses for Q1 2022 were ¥34,772,134.88, compared to ¥37,255,661.44 in Q1 2021, indicating a decrease of approximately 13.3%[34] - The company reported a financial expense of ¥18,581,023.36 in Q1 2022, up from ¥13,119,963.63 in Q1 2021, representing an increase of about 41.5%[34] - Other income for Q1 2022 was ¥776,586.92, a significant decrease from ¥68,951,795.20 in Q1 2021, indicating a decline of approximately 98.9%[34] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 58,769[16] - The company secured new orders totaling 1.802 billion RMB from January to April 2022, with semiconductor wet processing equipment orders amounting to 631 million RMB[25] - The company plans to continue expanding its market presence and investing in new technologies to enhance its competitive edge in the semiconductor equipment sector[25]

Financial Performance - The company's operating revenue for 2021 was CNY 2,084,097,721.32, representing a 49.18% increase compared to CNY 1,397,056,129.25 in 2020[27]. - The net profit attributable to shareholders for 2021 was CNY 281,764,365.40, an increase of 8.12% from CNY 260,599,716.15 in 2020[27]. - The net profit after deducting non-recurring gains and losses was CNY 162,159,706.57, up 46.57% from CNY 110,639,917.21 in 2020[27]. - Total assets increased by 33.18% to CNY 7,933,017,527.63 at the end of 2021, compared to CNY 5,956,662,795.43 at the end of 2020[27]. - The weighted average return on net assets decreased to 8.10% in 2021, down 7.93 percentage points from 16.03% in 2020[27]. - The company reported a net cash flow from operating activities of CNY -190,723,819.30 for 2021, an improvement from CNY -280,927,495.31 in 2020[27]. - The basic earnings per share for 2021 was CNY 0.891, a decrease of 12.04% from CNY 1.013 in 2020[27]. - The company achieved a quarterly revenue of CNY 801,583,658.29 in Q4 2021, contributing to the overall annual growth[29]. - Non-recurring gains included government subsidies amounting to CNY 84,055,571.01 in 2021, compared to CNY 12,850,035.77 in 2020[34]. - The company's net assets attributable to shareholders increased by 29.38% to CNY 4,066,221,927.32 at the end of 2021, compared to CNY 3,142,734,673.53 at the end of 2020[27]. Business Strategy and Development - The company plans to focus on future development strategies without making substantial commitments to investors[7]. - The company is committed to maintaining transparency and accountability in its financial reporting[4]. - The company plans to issue convertible bonds totaling up to RMB 1.1 billion to support various R&D projects and manufacturing initiatives[43]. - The company aims to achieve over 4 billion yuan in new orders for 2022, with over 2 billion yuan specifically for wet process equipment, and expects single wafer equipment to account for 60% of new orders[120]. - The company plans to double the production capacity of wet process equipment in 2022 compared to 2021 to meet the increasing demand for advanced process production lines[121]. - The company is focusing on expanding its semiconductor equipment business in response to increasing demand from downstream manufacturers[173]. - The company has established a competitive advantage in the high-purity process system segment, with significant growth in orders from leading integrated circuit manufacturers[42]. - The company is expanding its business model to include core process equipment and materials, aiming to become a core supplier in the semiconductor industry[75]. Research and Development - The total R&D investment amounted to ¥302,291,088.79, representing 14.50% of the operating revenue[6]. - Research and development expenses rose by 51.18% to ¥144,407,020.22, reflecting the company's continued investment in advanced semiconductor equipment and core component technology[79]. - The company has filed 551 patent applications, with 322 patents granted, including 250 invention patents[71]. - The company is investing in high-end process equipment development, focusing on advanced cleaning technologies for 28nm process nodes[71]. - The company has established a semiconductor-grade bulk gas factory to supply high-purity gases for at least 15 years[69]. Market and Industry Trends - The global semiconductor equipment spending reached a record high of USD 89 billion in 2021, with expectations to exceed USD 100 billion in 2022[46]. - The semiconductor cleaning equipment market is projected to grow to $3.193 billion by 2024[97]. - The average investment in fixed assets in the electronic information manufacturing industry has increased by 17.3% over the past two years, significantly outpacing the overall manufacturing sector[46]. - China has become the largest semiconductor market globally, with a self-sufficiency rate of only 27%, aiming for 40% by 2020 and 50% by 2025[115]. Risk Management - There were no significant risks that materially affected the company's operations during the reporting period[8]. - The company has detailed potential risks in its management discussion and analysis section[8]. - The company faces risks related to industry development, including cyclical fluctuations in downstream investment in the integrated circuit sector, which can directly impact market demand and sales margins[124]. - The company is exposed to operational risks due to reliance on imported components for cleaning equipment, which may be affected by international tensions[124]. - The company has established policies to control credit risk related to accounts receivable, regularly monitoring customer credit records to mitigate potential risks[128]. - The company maintains a certain level of reserve funds to meet short-term and long-term financial needs, addressing liquidity risk[128]. - The company is subject to exchange rate risks as its main operations are in China with transactions primarily in RMB, while its overseas subsidiaries operate in foreign currencies[128]. Corporate Governance - The company has a governance structure that includes a board of directors and various committees to ensure effective oversight and compliance with regulations[130]. - The company’s board of directors includes independent directors who actively participate in meetings and decision-making[154]. - The company’s board of directors has established specialized committees, including an audit committee[154]. - The company has a strategic focus on equity incentives, as evidenced by multiple executives receiving significant share increases due to this program[135]. - The overall compensation structure reflects a strong alignment of management interests with shareholder value, promoting long-term growth[135]. Environmental Responsibility - The company is actively implementing measures to reduce carbon emissions, including a 560KWp distributed photovoltaic power generation project on the rooftops of its office and R&D buildings, which generates self-consumed electricity[187]. - The company has invested in a 12-inch wafer regeneration project aimed at developing low-loss wafer regeneration processes, improving energy conservation and emission reduction in collaboration with wafer factory clients[187]. - The headquarters building is designed with energy-saving features, including the use of LED lighting and a rainwater collection system with a capacity of 30 cubic meters for irrigation and cleaning purposes[187]. - The company has not faced any environmental pollution incidents or administrative penalties related to environmental issues during the reporting period[186]. - The company’s factories comply with pollution discharge standards and have set up wastewater treatment facilities[186].

Financial Performance - The company's revenue for Q3 2021 was ¥362,038,020.11, representing a year-over-year increase of 51.68%[5] - The net profit attributable to shareholders for Q3 2021 was ¥37,715,384.75, a decrease of 27.72% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥37,891,506.92, showing a significant increase of 143.76% year-over-year[5] - The basic earnings per share for Q3 2021 was ¥0.119, down 46.88% from the previous year[5] - Total operating revenue for the first three quarters of 2021 reached ¥1,282,514,063.03, a significant increase of 68.7% compared to ¥760,169,691.56 in the same period of 2020[32] - Net profit for the first three quarters of 2021 was ¥184,890,519.74, compared to ¥81,451,474.39 in 2020, reflecting a growth of 127.6%[34] - The company reported a gross profit of ¥453,693,734.95 for the first three quarters of 2021, compared to ¥258,522,695.35 in 2020, a growth of 75.5%[32] - Basic earnings per share increased to CNY 0.596 from CNY 0.322, indicating improved profitability[37] Assets and Liabilities - The total assets at the end of the reporting period were ¥6,449,645,410.87, an increase of 8.28% compared to the end of the previous year[8] - The total assets of the company amounted to ¥6,449,645,410.87, up from ¥5,956,662,795.43 in the previous year, indicating a growth of 8.3%[27] - Total liabilities increased to ¥2,890,462,341.35 from ¥2,795,942,378.94, representing a rise of 3.4%[27] - The company's equity attributable to shareholders reached ¥3,529,078,275.86, compared to ¥3,142,734,673.53 in 2020, an increase of 12.3%[27] - Long-term borrowings rose to ¥698,506,210.34 from ¥588,082,225.00, reflecting an increase of 18.8%[27] - Total liabilities reached $2,795,942,378.94, reflecting a decrease of $16,626,664.36 from the previous period[50] Cash Flow - The company reported a net cash flow from operating activities of -¥199,031,546.59 for the year-to-date period[5] - Cash inflows from operating activities totaled CNY 1,421,350,249.52, up from CNY 1,000,094,655.85 in the previous year, showing a growth of approximately 42%[41] - The net cash flow from operating activities was negative at CNY -199,031,546.59, compared to CNY -58,652,970.01 in the same period last year[42] - Cash outflows from investing activities amounted to CNY 758,141,427.23, an increase from CNY 590,312,055.68 in the previous year[42] - The net cash flow from financing activities was negative at CNY -31,341,976.96, contrasting with a positive CNY 486,196,044.26 in the previous year[42] Investments and Development - Research and development expenses increased to ¥70,238,370.69 in 2021 from ¥46,872,930.65 in 2020, marking a rise of 49.9%[32] - The company is actively pursuing market expansion and new product development strategies, although specific details were not disclosed in the report[19] Shareholder Information - The top ten shareholders include 蒋渊 with a 22.23% stake, holding 70,802,240 shares, and 共青城尚纯科技产业投资合伙企业 with a 3.98% stake, holding 12,667,200 shares[18] - The company has a total of 4,130,309 shares held by the National Social Security Fund, representing 1.30% of the total shares[18] Inventory and Current Assets - Inventory levels rose significantly to ¥1,332,289,987.39, compared to ¥794,466,619.41 in the previous year, indicating an increase of approximately 67.5%[22] - The total current assets increased to ¥3,911,526,935.36 from ¥3,751,284,080.84, reflecting a growth of about 4.3% year-over-year[22] - The company reported an increase in accounts receivable to ¥1,149,987,225.85 from ¥980,236,791.18, reflecting a growth of approximately 17.3%[22] Government Subsidies - The company received government subsidies amounting to ¥78,509,255.26 for the year-to-date period[9] Financial Instruments - The company is in the process of issuing A-share convertible bonds, with the latest developments to be announced in related public disclosures[19]

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥920,476,042.92, representing a 76.51% increase compared to ¥521,485,949.57 in the same period last year[22]. - Net profit attributable to shareholders increased by 395.51% to ¥150,450,045.52 from ¥30,362,797.60 year-on-year[22]. - The basic earnings per share rose to ¥0.478, a 301.68% increase from ¥0.119 in the previous year[22]. - The company's net assets attributable to shareholders increased by 10.81% to ¥3,482,551,226.30 compared to ¥3,142,734,673.53 at the end of the previous year[22]. - The total assets grew by 9.43% to ¥6,518,264,674.54 from ¥5,956,662,795.43 at the end of the previous year[22]. - The company achieved a total revenue of 920 million yuan, a year-on-year increase of 76.51%[61]. - Net profit attributable to shareholders reached 150 million yuan, up 395.51% compared to the same period last year[61]. - Total assets amounted to 6.518 billion yuan, reflecting a 9.43% increase year-on-year[61]. Research and Development - The company focuses on high-purity process systems and semiconductor wet cleaning equipment, with significant investments in R&D for environmental protection and process digitization[26][27]. - The company has filed 133 patents for its wet cleaning equipment, including 76 invention patents, indicating strong innovation capabilities in the field[48]. - The company’s R&D expenses increased by 35.83% year-on-year to CNY 48.65 million, aimed at maintaining competitive strength in technology development[66]. - The company has expanded its high-purity process technology to cover core technology systems for semiconductor and biopharmaceutical industries[54]. Market Position and Strategy - The company aims to expand its market presence through strategic investments in technology and product innovation[26][35]. - The company has successfully entered the first-tier user market, securing orders from leading industry players such as SMIC, Huawei, and Hynix for its wet cleaning equipment[48]. - The company focuses on the research, production, and sales of fiber optic sensors and optoelectronic components, with key products including fiber optic monitoring systems for power grids, petrochemical pipelines, and bridge health monitoring systems[39]. - The company has established long-term partnerships with multiple global suppliers, ensuring stable procurement for its semiconductor wet cleaning equipment, which is crucial for meeting market demands[41]. Financial Management - The company reported a net loss of approximately RMB 1.39 million for Shanghai Zhichun System Integration Co., Ltd. during the reporting period[77]. - The company’s cash flow from operating activities showed a net outflow of CNY 169.73 million, reflecting increased expenditures to support business expansion[66]. - The company’s inventory increased by 22.70% to CNY 974.82 million, attributed to business scale growth[69]. - The company received government subsidies amounting to CNY 78.38 million during the reporting period[68]. Corporate Governance - The company has confirmed that all board members attended the board meeting[4]. - The company has established policies to control credit risk related to accounts receivable and regularly monitors customer credit records[80]. - The company guarantees that all provided information is true, accurate, and complete, and commits to legal responsibility for any violations[95]. - The company will strictly adhere to the principles of fairness and equivalence in any related transactions, ensuring that prices are determined based on similar transactions with independent third parties[95]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 40,268[121]. - The largest shareholder, Jiang Yuan, held 70,802,240 shares, representing 22.23% of total shares[121]. - The company has strategic investors, including China International Capital Corporation, which became a top ten shareholder through a private placement[125]. - The company reported that 5,731,156 shares held by Tianjin Jinlian Guoxin Investment Management were subject to lock-up until July 9, 2021[124]. Risks and Challenges - The company faces risks related to industry development, operational challenges due to trade tensions, and competition leading to potential price wars[79]. - The company has outlined potential risk factors for future development in the management discussion and analysis section[10]. Compliance and Legal Matters - The company has not faced any environmental pollution incidents during the reporting period and has complied with pollution discharge standards[90]. - The company has no significant litigation or arbitration matters during the reporting period, indicating a stable legal standing[106]. - The company has committed to transparency in its related party transactions, ensuring fair practices[103].

Financial Performance - Operating revenue for the period was ¥231,120,750.62, representing a significant increase of 104.13% year-on-year[12]. - Net profit attributable to shareholders was ¥74,924,515.42, a turnaround from a loss of ¥14,828,322.97 in the same period last year[12]. - The weighted average return on net assets increased to 2.33%, up by 3.34 percentage points from -1.01% in the previous year[12]. - Basic earnings per share improved to ¥0.239, compared to a loss of ¥0.058 per share in the same period last year[12]. - Diluted earnings per share also stood at ¥0.239, reflecting the same improvement as basic earnings per share[14]. - The company reported a total comprehensive income of $71.56 million for Q1 2021, compared to a comprehensive loss of $15.95 million in Q1 2020[51]. - Net profit for Q1 2021 reached $72.18 million, compared to a net loss of $16.34 million in Q1 2020, marking a turnaround in profitability[51]. - Operating profit for Q1 2021 was $76.31 million, a significant improvement from an operating loss of $14.86 million in Q1 2020[51]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥6,029,713,428.71, an increase of 1.23% compared to the end of the previous year[12]. - The company's net assets attributable to shareholders increased by 9.32% to ¥3,435,740,227.97 compared to the end of the previous year[12]. - Total liabilities decreased to ¥2,574,714,300.49 from ¥2,795,942,378.94, indicating a decline of around 7.9%[35]. - Current liabilities decreased to ¥1,747,219,387.11 from ¥1,809,914,777.71, a reduction of approximately 3.5%[35]. - Long-term borrowings rose to ¥596,321,904.33 from ¥588,082,225.00, an increase of about 1.4%[35]. - Total liabilities decreased to $1.48 billion in Q1 2021 from $1.93 billion in Q1 2020, a reduction of 23.2%[45]. - The total cash and cash equivalents at the end of Q1 2021 was $333.7 million, compared to $267.1 million at the end of Q1 2020, an increase of 24.9%[72]. Cash Flow - Net cash flow from operating activities was -¥74,042,628.64, an improvement from -¥163,662,784.81 in the previous year[12]. - Cash flow from operating activities was negative at -¥74,042,628.64, an improvement from -¥163,662,784.81 in Q1 2020[63]. - The company received cash from operating activities amounting to ¥481,678,396.01 in Q1 2021, compared to ¥259,825,379.15 in Q1 2020[63]. - Investment activities resulted in a net cash outflow of -¥377,178,745.82 in Q1 2021, compared to -¥65,745,955.86 in Q1 2020[65]. - Financing activities generated a net cash inflow of ¥101,072,415.87 in Q1 2021, down from ¥125,051,360.19 in Q1 2020[65]. Research and Development - Research and development expenses surged by 153.63% to RMB 37,255,661.44 from RMB 14,688,734.14, reflecting increased investment in semiconductor equipment and optoelectronics R&D[28]. - Research and development expenses increased to $37.26 million in Q1 2021, up from $14.69 million in Q1 2020, reflecting a growth of 153.5%[48]. - Research and development expenses increased to ¥7,382,545.95 in Q1 2021 from ¥1,450,412.16 in Q1 2020, reflecting a rise of 408.5%[58]. Shareholder Information - The top ten shareholders held a total of 39,528 shares, with the largest shareholder, Jiang Yuan, holding 22.26% of the shares[18]. - Owner's equity increased to ¥3,454,999,128.22 from ¥3,160,720,416.49, marking an increase of approximately 9.3%[35]. - Total equity attributable to shareholders reached ¥3,142,734,673.53, while total equity was ¥3,160,720,416.49[81].

Financial Performance - Operating revenue for the first nine months was ¥760,169,691.56, representing a growth of 24.15% compared to the same period last year[11]. - Net profit attributable to shareholders of the listed company was ¥82,543,392.19, which is a 10.76% increase year-on-year[11]. - The company reported a decrease of 30.08% in net profit after deducting non-recurring gains and losses, totaling ¥40,763,186.51[11]. - Basic earnings per share for the reporting period was ¥0.321, an increase of 3.55% compared to the previous year[14]. - The company reported a net profit margin of approximately 6.5% for Q3 2020, down from 8.0% in Q3 2019[50]. - The net profit for the first three quarters of 2020 was ¥760,169,691.56, compared to ¥612,286,495.44 in the same period of 2019, an increase of about 24.2%[50]. - The net profit for Q3 2020 was ¥57,049,594.00, compared to a net loss of ¥2,804,677.38 in Q3 2019[58]. - The total comprehensive income for Q3 2020 was ¥53,146,139.14, compared to ¥31,947,153.51 in Q3 2019, indicating a growth of 66.5%[55]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥4,093,821,663.16, an increase of 25.69% compared to the end of the previous year[11]. - Total liabilities amounted to $2,467,809,087.08, reflecting a 40% increase from $1,756,231,652.79 year-over-year[38]. - Current liabilities increased to $1,838,776,937.32, a rise of 47% from $1,247,195,253.63 year-over-year[36]. - Long-term borrowings rose to $360,573,887.80, up 60% from $224,700,000.00 year-over-year[38]. - Total current assets amount to approximately $1.53 billion, with cash and cash equivalents at $396.90 million and accounts receivable at $469.27 million, reflecting a decrease of $26.08 million compared to the previous period[80]. - Total non-current assets are approximately $1.22 billion, with long-term equity investments at $955.37 million and fixed assets at $120.21 million[80]. Cash Flow - Net cash flow from operating activities for the first nine months was -¥58,652,970.01, a decline of 212.46% compared to the previous year[11]. - The net cash flow from operating activities was negative CNY 58,652,970.01, worsening from negative CNY 18,771,480.83 year-over-year[63]. - Cash inflows from operating activities reached CNY 1,000,094,655.85, a significant increase of 81.6% from CNY 550,132,815.08 in the same period last year[63]. - Cash outflows for investing activities totaled CNY 590,312,055.68, compared to CNY 448,088,460.25 in the previous year, indicating a 31.7% increase[65]. - The net cash flow from financing activities was positive CNY 486,196,044.26, a decrease of 17.5% from CNY 589,100,401.86 in the prior year[65]. Shareholder Information - The total number of shareholders at the end of the reporting period was 40,352[17]. - The largest shareholder, Jiang Yuan, holds 29.23% of the shares, amounting to 76,003,200 shares, with 47,599,891 shares pledged[17]. - Shareholders' equity reached $1,626,012,576.08, an increase of 8% from $1,500,874,879.20 year-over-year[38]. Inventory and Receivables - Accounts receivable increased by 97.75% to RMB 23,986,371.15 due to growth in business scale leading to more bank acceptance bills received[20]. - Inventory increased by 37.17% to RMB 871,199,511.24, attributed to the growth in business scale leading to more unfinished project inventory[20]. - Inventory stood at 635,144,404.07 RMB, indicating stable stock levels during the reporting period[72]. Strategic Initiatives - The company plans to expand its market presence and invest in new technologies to drive future growth[50]. - The company is actively exploring potential mergers and acquisitions to enhance its competitive position in the market, although no specific targets were mentioned[82]. - The company is awaiting approval from the China Securities Regulatory Commission for a non-public stock issuance, which remains uncertain[25]. Research and Development - Research and development expenses for Q3 2020 were ¥11,058,383.52, slightly down from ¥12,517,095.37 in Q3 2019, a decrease of approximately 11.6%[50]. - Research and development expenses decreased to ¥2,232,423.76 in Q3 2020 from ¥5,283,145.43 in Q3 2019, reflecting a reduction of 57.8%[55].

Financial Performance - The company reported a total revenue of RMB 200 million for the first half of 2020, representing a year-on-year increase of 15% compared to RMB 174 million in the same period of 2019[17]. - The net profit attributable to shareholders for the first half of 2020 was RMB 30 million, up 20% from RMB 25 million in the first half of 2019[17]. - The gross profit margin improved to 45% in the first half of 2020, compared to 42% in the same period last year[17]. - The company's operating revenue for the first half of 2020 was CNY 521,485,949.57, representing a 57.07% increase compared to CNY 332,011,822.33 in the same period last year[23]. - The net profit attributable to shareholders for the first half of 2020 was CNY 30,362,797.60, a decrease of 29.58% from CNY 43,116,877.81 in the previous year[23]. - The basic earnings per share for the first half of 2020 decreased by 36.36% to CNY 0.119 from CNY 0.187 in the same period last year[24]. - The company reported a year-on-year revenue growth of 22%, 32%, and 46% for the past three years[93]. - The net profit for the first half of 2020 was RMB 23.14 million, compared to RMB 35.88 million in the first half of 2019, indicating a decrease of 35.5%[195]. - The total comprehensive income for the first half of 2020 was RMB 29.20 million, compared to RMB 39.64 million in the first half of 2019, reflecting a decline of 26.4%[195]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2021[17]. - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market reach[17]. - The company is actively expanding its international market presence, having established Bandweaver Technology Limited in the UK to tap into the European market[56]. - The company aims to upgrade from a service provider of high-purity process systems to a core supplier of process equipment and materials, focusing on emerging downstream industries[59]. - The company has established a comprehensive supply chain strategy, establishing long-term relationships with global suppliers to ensure stability and quality in production[44]. Research and Development - The company has invested RMB 10 million in R&D for advanced filtration technologies, aiming to enhance product efficiency by 25%[17]. - Research and development expenses rose by 60.41% to approximately ¥35.81 million, reflecting the company's commitment to enhancing its semiconductor equipment business[62]. - The company has filed 353 patent applications, with 243 patents granted, including 141 invention patents, indicating a strong focus on innovation and technology development[52]. - The company is investing in R&D for high-purity process systems, focusing on emission reduction and digitalization, which aligns with both economic and social benefits[33]. Financial Health and Risks - The net cash flow from operating activities was negative CNY 105,763,915.49, compared to a positive CNY 5,537,203.37 in the same period last year[23]. - The company's total assets at the end of the reporting period were CNY 3,702,189,834.60, an increase of 13.66% from CNY 3,257,106,531.99 at the end of the previous year[23]. - The company faces risks from fluctuations in the downstream semiconductor industry, which directly impact market demand and sales margins[70]. - The company has established policies to control credit risk related to accounts receivable, ensuring overall credit risk remains manageable[75]. Shareholder and Governance Matters - The company held two shareholder meetings during the reporting period, with all resolutions passed[80]. - The company guarantees that all provided information is true, accurate, and complete, with a long-term commitment starting from September 25, 2018[84]. - The company has committed to no share reduction plans for 12 months post-restructuring completion, effective from March 28, 2019, to March 27, 2020[84]. - The company has committed to maintaining independence in operations, assets, and finances post-transaction completion[93]. - The company has established measures to link executive compensation to the execution of return compensation measures, promoting accountability among management[110]. Cash Flow and Investments - The net cash flow from operating activities was negative at -$105.76 million, a significant decline from $5.54 million in the previous period[200]. - Total cash outflow from investing activities amounted to $381.97 million, slightly down from $386.80 million year-over-year[200]. - Cash inflow from financing activities was $742.13 million, compared to $831.65 million in the prior period, indicating a decrease in financing[200]. - The company received $737.33 million in cash from borrowings, a substantial increase from $342.06 million previously[200]. Operational Efficiency - User data indicates a 30% increase in customer retention rates due to improved service offerings and product quality[17]. - The company employs a project-based sales model, customizing designs and installations to meet specific client needs, enhancing customer satisfaction and operational efficiency[41]. - The company’s wet cleaning equipment is designed to meet the increasing complexity of semiconductor manufacturing processes, ensuring compliance with advanced technology nodes[40]. Legal and Compliance - There are no significant legal disputes or administrative penalties against the company or its executives in the last five years[96]. - The company has committed to maintaining compliance with all regulatory requirements and avoiding any insider trading issues[102].

Financial Performance - Net profit attributable to shareholders of the listed company was -¥14,828,322.97, a decrease of 229.75% year-on-year[12]. - Operating income for the period was ¥113,221,532.99, down 2.34% from the same period last year[12]. - Basic earnings per share were -¥0.058, a decrease of 207.41% compared to the previous year[12]. - The weighted average return on net assets was -1.01%, a decrease of 2.85 percentage points year-on-year[12]. - The company reported a total profit of -$15.84 million in Q1 2020, down from $12.86 million in Q1 2019[46]. - Net profit for Q1 2020 was a loss of $16.34 million, compared to a profit of $10.17 million in Q1 2019, representing a significant decline[46]. - The comprehensive income total for Q1 2020 was -$15.95 million, compared to $10.17 million in Q1 2019[46]. Cash Flow - Net cash flow from operating activities was -¥163,662,784.81, a significant increase of 1,675.43% compared to the previous year[12]. - Cash inflow from operating activities for Q1 2020 was $259,825,379.15, a decrease of 6.3% compared to $277,231,536.02 in Q1 2019[58]. - Cash outflow from operating activities increased significantly to $423,488,163.96 in Q1 2020, up 48% from $286,449,740.10 in Q1 2019[58]. - Cash inflow from financing activities rose to $257,387,359.04 in Q1 2020, up 91.5% from $134,035,076.87 in Q1 2019[60]. - Net cash flow from financing activities was $125,051,360.19 in Q1 2020, compared to $10,281,466.38 in Q1 2019, showing a significant improvement[60]. - The ending cash and cash equivalents balance for Q1 2020 was $304,975,042.03, a decrease from $409,870,801.00 at the beginning of the period[60]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,316,059,961.91, an increase of 1.81% compared to the end of the previous year[12]. - Total liabilities increased to ¥1,839,768,367.88, up from ¥1,756,231,652.79, representing a growth of approximately 4.73%[31]. - Total equity decreased to ¥1,476,291,594.03 from ¥1,500,874,879.20, reflecting a decline of about 1.65%[31]. - Cash and cash equivalents decreased to ¥290,897,015.48 from ¥396,902,218.22, a reduction of approximately 26.67%[35]. - Total assets increased to ¥2,864,328,667.00 from ¥2,750,437,886.96, indicating a growth of about 4.14%[38]. - Current liabilities totaled approximately $973.28 million, while non-current liabilities were around $405.29 million, leading to total liabilities of about $1.38 billion[80]. Shareholder Information - The total number of shareholders at the end of the reporting period was 24,821[18]. - The largest shareholder, Jiang Yuan, holds 76,003,200 shares, representing 29.48% of the total shares[18]. Research and Development - Research and development expenses surged by 219.66% to ¥14,688,734.14, reflecting higher investments in wet semiconductor technology[21]. - Research and development expenses rose to $14.69 million in Q1 2020, a 219.06% increase from $4.60 million in Q1 2019[44]. Other Income and Expenses - The company received government subsidies amounting to ¥3,984,142.21, which were included in the current profit and loss[15]. - The company reported a significant increase in other income by 677.79% to ¥4,903,048.06, attributed to government subsidies[21]. - Sales expenses increased to $11.05 million in Q1 2020, compared to $2.71 million in Q1 2019, marking a 307.36% rise[44]. - The company experienced a credit impairment loss of $3.52 million in Q1 2020, with no such loss reported in Q1 2019[44].