Financial Performance - The company's operating revenue for the first half of 2021 was CNY 364,447,296.54, representing a 22.65% increase compared to CNY 297,138,183.50 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was CNY 80,338,474.49, a 5.67% increase from CNY 76,027,262.72 year-on-year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 6.80%, amounting to CNY 69,224,196.82 compared to CNY 74,272,104.08 in the previous year[20]. - Basic earnings per share decreased by 11.90% to CNY 0.37 compared to the same period last year[21]. - Diluted earnings per share also decreased by 11.90% to CNY 0.37 compared to the same period last year[21]. - The gross profit margin for the first half of 2021 was 36.99%, a decrease of 4.19% year-on-year, primarily due to rising raw material prices and increased operating costs[45]. - The company reported a net profit of $150 million for the first half of 2021, representing a 20% increase compared to the same period last year[83]. - The company reported a net profit of CNY 490,304,750.36 for the first half of the year, compared to CNY 414,277,487.64 in the same period last year, representing a growth of approximately 18.3%[133]. Cash Flow and Assets - The net cash flow from operating activities was CNY 55,260,887.20, down 39.37% from CNY 91,137,853.78 in the same period last year[20]. - Net cash flow from operating activities decreased due to increased cash payments for purchases and taxes[21]. - Cash and cash equivalents increased by 157.01% to 378,391,093.92, accounting for 19.33% of total assets[51]. - Trading financial assets rose by 279.07% to 784,679,250.00, representing 40.09% of total assets[51]. - The company reported cash inflows from investment activities totaling ¥572,045,551.93, compared to ¥399,808,228.09 in the same period last year, marking an increase of approximately 43.2%[120]. - The net cash flow from investment activities was negative at -¥610,412,685.95, worsening from -¥14,744,550.23 in the first half of 2020[120]. - The company raised ¥890,330,000.00 through financing activities, a significant increase compared to ¥20,000,000.00 in the same period of the previous year[120]. - The total assets increased by 79.78%, reaching CNY 1,957,095,618.11 compared to CNY 1,088,575,996.54 at the end of the previous year[20]. Investments and R&D - The company invested 24.11 million RMB in R&D expenses, which is a 33.24% increase compared to 18.09 million RMB in the previous year[48]. - Investment in R&D increased by 25% year-over-year, focusing on innovative technologies and product development[83]. - The company is actively pursuing new product development initiatives to drive future growth and competitiveness in the market[133]. Market Position and Strategy - The company has established itself as a leading manufacturer of precision components for commercial compressors, with a comprehensive manufacturing chain[27]. - The company aims to enhance production capacity in precision component manufacturing and strengthen partnerships with existing high-quality clients[28]. - The company is focusing on high-end and precision manufacturing, providing customized services for various industries including compressors and engineering machinery[29]. - The company has established long-term partnerships with major global clients, including Fortune 500 companies, enhancing its market position and brand reputation[42]. - The company’s sales strategy focuses on maintaining existing customer relationships while actively seeking new clients through exhibitions and direct visits[36]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by 2023[83]. Shareholder and Equity Information - The company has not proposed any profit distribution plan or capital reserve transfer to increase share capital during the reporting period[5]. - The company reported a total share capital increase from 180,000,000 shares to 240,000,000 shares following the issuance of 60,000,000 new shares[92]. - The top shareholder, Hangzhou LianDe Holdings, holds 80,863,200 shares, representing 33.69% of total shares[96]. - Major shareholders are required to notify the company in writing of any intended share reductions at least 3 trading days in advance[80]. - The company has committed to adjusting the minimum selling price in case of any corporate actions like dividends or stock splits[79]. Compliance and Risk Management - The company has described potential risks in the management discussion and analysis section of the report[6]. - The company faces risks from raw material price fluctuations, trade tensions, and customer concentration, which could impact financial performance[60][61][63]. - The company has complied with environmental regulations and has not faced any penalties during the reporting period[73]. - The company has obtained ISO14001 environmental management system certification and is committed to reducing pollutant emissions[73]. Corporate Governance - The report has not been audited, but the management team has confirmed its accuracy and completeness[7]. - There were no significant changes in the management team during the reporting period[70]. - The company has not engaged in any major related party transactions during the reporting period[89]. - The company has not faced any regulatory penalties or required rectifications during the reporting period[88]. Financial Reporting and Accounting Policies - The financial report is prepared in RMB, with the balance sheet as of June 30, 2021, being a key document[103]. - The company’s financial statements comply with the requirements of enterprise accounting standards, reflecting its financial status and operating results accurately[150]. - Financial assets are classified into three categories upon initial recognition: measured at amortized cost, measured at fair value with changes recognized in other comprehensive income, and measured at fair value with changes recognized in profit or loss[159].

Financial Performance - Operating revenue for the period was CNY 164,291,598.26, reflecting a 25.75% increase from the same period last year[6] - Net profit attributable to shareholders increased by 7.55% to CNY 33,774,060.44 compared to the previous year[6] - The company reported a net profit of ¥32,348,354.85 for Q1 2021, reflecting a significant improvement from the previous year[28] - The net profit for Q1 2021 reached CNY 33,774,060.44, compared to CNY 31,404,387.41 in the same period last year, reflecting an increase of 7.5%[30] - The total profit for Q1 2021 was CNY 37,544,423.27, an increase from CNY 36,079,871.90 in Q1 2020, reflecting a growth of 4.1%[30] - The total comprehensive income for Q1 2021 was CNY 34,765,688.56, up from CNY 32,893,508.30 in Q1 2020, indicating a growth of 5.7%[30] Assets and Liabilities - Total assets increased by 83.23% to CNY 1,994,600,462.90 compared to the end of the previous year[6] - The company's total assets as of March 31, 2021, amounted to ¥2,047,711,863.87, significantly higher than ¥1,173,918,764.69 at the end of 2020[25] - The company's total liabilities increased to ¥127,737,390.12 from ¥118,081,783.86, indicating a rise in financial obligations[21] - Total liabilities increased to ¥278,517,870.29 as of March 31, 2021, compared to ¥277,745,219.79 at the end of 2020[25] Shareholder Information - Net assets attributable to shareholders rose by 95.75% to CNY 1,831,759,941.52 year-on-year[6] - The total number of shareholders reached 37,826 by the end of the reporting period[12] - The largest shareholder, Hangzhou Linde Holdings Co., Ltd., holds 33.69% of the shares[12] Cash Flow - Net cash flow from operating activities was CNY 32,978,848.80, up 77.80% year-on-year[6] - Cash and cash equivalents increased by 243.46% to ¥505,658,200.78 from ¥147,226,397.70 due to the proceeds from the initial public offering[16] - The cash flow from operating activities for Q1 2021 was CNY 32,978,848.80, significantly higher than CNY 18,547,823.16 in Q1 2020, marking an increase of 77.8%[33] - The company received cash inflow from financing activities totaling ¥890,330,000.00, with a net cash flow of ¥875,691,894.70 after outflows[37] - The total cash increase for the period was ¥351,742,792.27, a significant rise from ¥25,549,876.62 in Q1 2020[37] Investment and Expenses - Research and development expenses rose by 31.87% to ¥11,071,397.94 from ¥8,395,521.83, indicating increased investment in innovation[16] - Total operating costs for Q1 2021 were ¥131,943,243.41, up from ¥93,806,757.91 in Q1 2020, reflecting a year-over-year increase of 40.6%[28] - Investment income increased by 161.54% to ¥2,476,895.14 from ¥947,035.01, primarily due to higher returns from financial investments[16] - The cash outflow for purchasing fixed assets and other long-term assets was ¥681,587,452.74, compared to ¥109,617,205.32 in Q1 2020[37] Earnings Per Share - Basic earnings per share remained stable at CNY 0.17[8] - The basic and diluted earnings per share for Q1 2021 remained at CNY 0.17, unchanged from Q1 2020[30] Other Financial Metrics - The weighted average return on equity decreased by 1.23 percentage points to 2.72%[6] - The company reported a total of CNY 2,435,040.22 in non-recurring gains and losses for the period[10] - The company experienced a negative impact of ¥561,129.17 from exchange rate fluctuations on cash and cash equivalents[37]

Financial Performance - The company's operating revenue for 2020 was CNY 670,074,039.49, a decrease of 1.82% compared to CNY 682,498,620.45 in 2019[22]. - The net profit attributable to shareholders for 2020 was CNY 167,290,534.53, down 0.93% from CNY 168,863,496.54 in 2019[22]. - The net profit after deducting non-recurring gains and losses was CNY 163,142,972.07, a slight increase of 0.24% from CNY 162,748,456.85 in 2019[22]. - The net cash flow from operating activities decreased by 21.47% to CNY 149,081,770.90 from CNY 189,851,230.92 in 2019[22]. - The total assets at the end of 2020 were CNY 1,088,575,996.54, representing a 19.73% increase from CNY 909,207,436.97 at the end of 2019[22]. - The net assets attributable to shareholders increased by 20.30% to CNY 935,764,708.53 from CNY 777,888,469.94 in 2019[22]. - Basic earnings per share for 2020 were CNY 0.93, a decrease of 1.06% from CNY 0.94 in 2019[23]. - Diluted earnings per share for 2020 were also CNY 0.93, reflecting the same decrease of 1.06% from 2019[23]. - The gross profit margin for 2020 was 43.21%, a year-on-year decrease of 0.81%, while the operating profit margin increased by 0.86% to 28.72%[55]. - The company's cash flow from operating activities for 2020 was 149.08 million RMB, indicating a decrease of 21.47% compared to the previous year[58]. Revenue and Sales - Total revenue for Q4 2020 reached ¥200,892,001.57, marking a significant increase from ¥130,648,019.13 in Q1 2020[25]. - Net profit attributable to shareholders for Q4 2020 was ¥50,545,122.45, up from ¥31,404,387.41 in Q1 2020, reflecting a strong quarterly growth[25]. - Revenue from domestic operations was 420.68 million RMB, an increase of 2.74% year-on-year, while revenue from overseas operations decreased by 8.63% to 249.35 million RMB[63]. Research and Development - Research and development expenses increased by 12.05% year-on-year, amounting to 40.71 million RMB, reflecting the company's commitment to innovation[58]. - The company has received 4 invention patents and 10 utility model patents during the reporting period, enhancing its core competitiveness[53]. - The number of R&D personnel was 145, accounting for 12.52% of the total workforce[74]. Operational Strategy - The company primarily engages in the R&D, design, production, and sales of high-precision mechanical components and precision cavity molds[33]. - The production model is customized based on orders, with a focus on one-to-one supply for clients[34]. - The company aims to provide one-stop services from casting to precision machining for its products[33]. - The company has established a strict supplier evaluation system to ensure long-term stable cooperation with qualified suppliers[33]. - The pricing strategy is based on a cost-plus model, considering production costs and market conditions[36]. Market Position and Competition - The precision parts manufacturing industry is characterized by limited direct competition, with companies providing tailored services to a few key clients[85]. - Domestic companies are gaining competitive advantages in the casting and machining industry due to improvements in technology and management, positioning themselves favorably in international markets[86]. - The company has a competitive edge in technology, product quality, and efficient management, ensuring it remains at the forefront of the industry[42]. Financial Management and Shareholder Relations - The company plans to distribute a cash dividend of CNY 3.34 per 10 shares, totaling CNY 80,160,000.00[5]. - The company has established a profit distribution decision-making process that considers its development stage, investment needs, and long-term planning, ensuring reasonable profit distribution to shareholders[103]. - The company’s net profit attributable to shareholders for 2020 was RMB 167,290,534.53, with a dividend payout ratio of 47.92%[106]. - The company has committed to not transferring or entrusting its shares for 36 months from the date of its stock listing[109]. Risk Factors - The company faces risks from raw material price fluctuations, trade tensions, and currency exchange rate volatility, which could impact operational performance if not managed effectively[96][97][98]. - The ongoing COVID-19 pandemic presents uncertainties that could affect the company's overall performance in 2021[100]. - The company has a high customer concentration risk, with significant revenue dependence on a few major clients in the commercial air conditioning and compressor sectors[99]. Corporate Governance - The company has established a clear framework for compliance with regulatory requirements regarding share transfers[112]. - The board of directors has established specialized committees to enhance corporate governance and decision-making processes[164]. - The company has no significant deficiencies in internal controls, ensuring compliance with relevant regulations[170]. Employee and Management Structure - The total number of employees in the parent company is 541, and in major subsidiaries, it is 617, resulting in a total of 1,158 employees[158]. - The employee composition includes 881 production personnel, 22 sales personnel, 145 technical personnel, 24 financial personnel, and 86 administrative personnel[158]. - The total pre-tax remuneration for all listed management amounts to CNY 5.92 million[150]. Audit and Compliance - The audit report confirms that the financial statements fairly represent the company's financial position as of December 31, 2020[174]. - The audit procedures included testing the effectiveness of internal controls related to revenue recognition and accounts receivable impairment[177][178]. - The company did not experience any major accounting errors or changes in accounting policies that would impact financial reporting[121].