Financial Performance - The company's operating revenue for Q1 2022 was CNY 328,453,790.85, representing a year-on-year increase of 5.92% compared to CNY 310,082,556.79 in the same period last year[6]. - Net profit attributable to shareholders decreased by 76.04% to CNY 6,196,541.21 from CNY 25,861,622.83 in the previous year[7]. - Basic earnings per share fell by 76.05% to CNY 0.0291 from CNY 0.1215 in the previous year[7]. - The total profit decreased by 90.95%, attributed to rising labor costs and increased R&D investments[10]. - The company reported a total comprehensive income of CNY 8,532,330.05 for Q1 2022, a decrease from CNY 26,008,705.60 in Q1 2021[23]. Cash Flow - The net cash flow from operating activities was CNY 20,726,086.42, down 30.67% from CNY 29,893,432.45 in the same period last year[7]. - Cash flow from operating activities showed a net outflow of -30.67 million RMB, mainly due to a decrease in cash recovered from sales[11]. - The total cash flow from investing activities was -108 million RMB, mainly due to a decrease in cash recovered from financial products[11]. - The cash flow from financing activities showed a net inflow of 44.65 million RMB, attributed to increased cash from subsidiary bill discounting[11]. - The cash received from other operating activities was $3,498,571.95 in Q1 2022, significantly higher than $845,370.17 in Q1 2021, reflecting a growth of 314.5%[25]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,477,109,804.16, an increase of 0.76% from CNY 1,466,006,552.07 at the end of the previous year[7]. - Total liabilities for Q1 2022 were CNY 327,754,505.28, compared to CNY 325,183,583.24 in Q1 2021, indicating a marginal increase[19]. - The company's total equity reached CNY 1,149,355,298.88 in Q1 2022, up from CNY 1,140,822,968.83 in Q1 2021[19]. Research and Development - Research and development expenses increased by 58.99%, indicating a significant investment in innovation[10]. - Research and development expenses increased to CNY 25,978,386.21 in Q1 2022, compared to CNY 16,339,152.91 in Q1 2021, reflecting a growth of 59.4%[22]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,318[14]. - The top shareholder, Watanabe Yoichi, holds 58.53% of the shares, totaling 124,576,382 shares[14]. Financial Assets and Expenses - The company reported a 90.91% increase in trading financial assets due to increased purchases of financial products during the period[10]. - The company experienced a 269.99% rise in financial expenses, primarily due to increased exchange rate losses[10]. - The company experienced a negative impact of -197.8 million RMB from exchange rate fluctuations on cash[11].

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB, representing a year-over-year growth of 15%[15]. - The company's operating revenue for 2021 was CNY 1,200,514,740.14, representing an increase of 8.98% compared to CNY 1,101,607,723.36 in 2020[24]. - The net profit attributable to shareholders decreased by 35.86% to CNY 52,396,409.89 from CNY 81,691,193.97 in the previous year[24]. - The basic earnings per share fell by 47.88% to CNY 0.2462, down from CNY 0.4724 in 2020[25]. - The weighted average return on equity decreased to 4.66%, down from 12.16% in 2020, reflecting a decline of 7.50 percentage points[25]. - The gross margin improved to 30%, up from 28% in the previous year, indicating better cost management[15]. - The company reported a total of CNY 17,516,979.96 in non-recurring gains and losses for 2021, compared to CNY 15,747,440.21 in 2020[30]. - The company achieved operating revenue of 1,200.51 million yuan, an increase of 8.98% compared to the previous year, while net profit attributable to shareholders decreased by 35.86% to 52.40 million yuan[36]. Cash Flow and Investments - The net cash flow from operating activities was CNY 18,889,672.86, a significant recovery from a negative cash flow of CNY -6,403,176.64 in 2020[24]. - Cash and cash equivalents at year-end increased to 491.56 million yuan, a 67.74% increase compared to the previous year[81]. - The company reported a significant increase in investment income received, totaling 239.77 million yuan, up 244.15% year-on-year[80]. - The total amount of cash received from other investment activities reached 1.01 billion yuan, a staggering increase of 2377.52% compared to the previous year[80]. - The company has invested a total of RMB 74,500,000 in bank wealth management products, with RMB 60,500,000 sourced from raised funds and RMB 14,000,000 from its own funds[196]. Research and Development - R&D expenses totaled 82.13 million yuan, representing a year-on-year increase of 23.65%, with 23 new utility model patents granted during the reporting period[38]. - The company is investing 50 million RMB in R&D for innovative automotive electronic solutions over the next year[15]. - The company plans to increase R&D investment in new energy vehicle display technologies to meet the growing market demand[101]. - Research and development investments increased by 20%, focusing on next-generation technologies[141]. - The number of R&D personnel was 401, accounting for 21.55% of the total workforce[77]. Market Expansion and Strategy - The company is expanding its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[15]. - A strategic acquisition of a local electronics firm is planned, which is anticipated to enhance production capabilities and reduce costs by 5%[15]. - The company aims to strengthen its market share in the automotive display sector and expand into the domestic market while focusing on strategic cooperation with major clients[101]. - The company will develop large backlight modules and composite display components to adapt to the increasing size of automotive displays driven by smart cockpit applications[106]. Governance and Compliance - The audit report issued by Deloitte confirms the financial statements' authenticity and completeness, ensuring no significant omissions or misleading statements[5]. - The board of directors and supervisory board members have all attended the board meeting, ensuring governance compliance[4]. - The company adheres to strict information disclosure regulations, ensuring timely and accurate communication with shareholders[129]. - The company plans to continue improving its governance structure in accordance with relevant laws and regulations[132]. - The company has established a performance evaluation mechanism for senior management, linking their performance salary to individual and overall company performance[165]. Risks and Challenges - The company faces risks from international trade tensions, particularly the ongoing US-China trade war, which could adversely affect overall business performance[112]. - The company is exposed to risks from rising prices of raw materials and labor costs, which could negatively impact production costs and profitability if not effectively managed[118]. - The ongoing COVID-19 pandemic may lead to decreased customer demand and delays in order fulfillment, adversely affecting business performance[114]. - The company is at risk of reduced demand from downstream customers due to supply chain issues, particularly the shortage of automotive chips affecting production plans[119]. Shareholder Relations - The company plans to distribute a cash dividend of 0.50 RMB per 10 shares, totaling 10,641,673 RMB, representing a cash dividend payout ratio of 20.31% for the year 2021[6]. - The total remuneration for directors and senior management during the reporting period amounted to 1,064.49 million yuan[137]. - The company guarantees that any share reductions will be at or above the IPO price and net asset value per share[178]. - The company will publicly apologize and compensate investors for any losses incurred due to non-compliance with the commitments made in the prospectus[181].

Financial Performance - The company's revenue for Q3 2021 was ¥285,785,973.47, representing a year-over-year increase of 7.81%[6] - The net profit attributable to shareholders decreased by 91.95% to ¥1,526,605.82 compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses was -¥2,868,127.48, a decline of 122.97% year-over-year[6] - The basic earnings per share fell by 93.26% to ¥0.0072[7] - The weighted average return on equity decreased by 3.23 percentage points to 0.1349%[7] - The net profit for Q3 2021 was CNY 40,690,323.75, a decrease of 28.5% compared to CNY 56,814,610.01 in Q3 2020[30] - The total comprehensive income for Q3 2021 was CNY 43,451,224.78, down from CNY 56,916,990.80 in the same period last year, reflecting a decline of 23.6%[31] - The operating profit for Q3 2021 was CNY 40,603,812.04, down 33.5% from CNY 61,223,173.28 in Q3 2020[30] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,402,529,755.17, down 2.30% from the previous year[7] - The total assets as of September 30, 2021, amounted to ¥1,402,529,755.17, slightly down from ¥1,435,494,699.08 at the end of 2020[25] - Current assets totaled ¥940,961,517.16 as of September 30, 2021, compared to ¥1,178,314,008.03 at the end of 2020, indicating a decrease of 20.2%[24] - Total liabilities were reported at ¥271,276,095.74 for Q3 2021, down from ¥322,152,249.23 in the previous year, a reduction of 15.8%[25] - Owner's equity stood at approximately $1.11 billion, with retained earnings of about $234.69 million[36] - The total equity attributable to shareholders was ¥1,131,253,659.43 as of September 30, 2021, compared to ¥1,113,342,449.85 at the end of 2020, reflecting a slight increase of 1.6%[25] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥11,560,021.52, a decrease of 74.29%[7] - Cash flow from operating activities for the first three quarters of 2021 was CNY 11,560,021.52, significantly lower than CNY 44,959,586.20 in the previous year, representing a decrease of 74.3%[32] - The net cash flow from investment activities was -CNY 56,794,646.85, worsening from -CNY 36,695,746.77 in the previous year[32] - The net cash flow from financing activities was -CNY 27,629,774.58, a significant drop from CNY 549,705,330.36 in the same period last year[32] - The company's cash and cash equivalents increased to ¥293,521,912.57 by the end of 2021, up from ¥219,397,685.70 in the previous year, representing a growth of 33.7%[24] Investments and Development - The company increased its investment in new product and technology development, which impacted short-term profits[12] - The company has 406 R&D and design personnel and holds 66 authorized patents[17] - Research and development expenses increased to ¥58,814,666.54 in Q3 2021, compared to ¥48,413,873.34 in Q3 2020, marking a growth of 21.5%[29] - The company plans to continue investing in new product development and market expansion strategies to drive future growth[29] - Four Mini-Led display samples and seven Mini-Led trial productions have been completed, with orders from internationally renowned automotive manufacturers[18] - The company is currently developing three smart surface products and has received designated orders from clients[19] Market and Economic Factors - The appreciation of the RMB against the USD negatively impacted sales revenue, which is primarily dollar-denominated[12] - The company faced rising labor costs due to local labor shortages and minimum wage increases, affecting profitability[12] - The "power restriction" policy in Jiangsu and Guangdong provinces has impacted production and increased costs[20] - The semiconductor shortage in the automotive industry has indirectly affected the company's production plans and product delivery[21] Shareholder Information - The total number of common shareholders at the end of the reporting period is 16,159[14] - The largest shareholder, Watanabe Yoichi, holds 124,576,382 shares, representing 58.5% of the total shares[14] Government Support - The company received a total of 1,020,000 RMB in government subsidies during the reporting period[17] Investor Relations - The company has actively engaged with investors, receiving two institutional investor research visits during the reporting period[21] - The company has been recognized as a "high-tech enterprise" and has established itself as a technology center in Suzhou[16]

证券代码：605218 证券简称：伟时电子 公告编号：2021-044 伟时电子股份有限公司 关于接待机构投资者调研的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 一、 调研情况 调研时间：2021 年 9 月 1 日 调研形式：现场接待 调研机构：国泰君安、光大保德信基金、建信养老金、招商基金 接待人：公司副董事长/总经理：山口胜先生、公司副总经理/董事会秘书：陈兴 才先生、公司营业部部长：向琛先生、公司证券事务代表：曾光星先生 二、 调研主要内容 1、Mini-Led 背光显示模组目前的研发进展情况如何？产能情况如何？技术上与 同行相比有何优势？ 答：(1)目前，公司已完成 4 款 Mini-Led 展示样品、完成 7 款 Mini-Led 试产，并 取得了国际知名车厂的定点订单。另外，目前正与多家客户讨论量产产品设计方案。 （2）公司 Mini-Led 产品具备足够的产能。 （3）从客户反馈及评价来看，公司技术占优势。集中体现在：客户要求制作提供 相关展示品；部分产品取得重要客户定点订单；不断有客户上门询价 ...

Financial Performance - The company's revenue for the first half of 2021 reached ¥590,228,777.78, representing a 26.21% increase compared to ¥467,661,552.59 in the same period last year[19]. - Net profit attributable to shareholders was ¥39,163,717.93, a 3.46% increase from ¥37,853,148.33 year-on-year[19]. - The net cash flow from operating activities increased by 73.50% to ¥43,072,954.67, up from ¥24,825,367.04 in the previous year[19]. - The company's total assets decreased by 2.14% to ¥1,404,794,630.49 compared to ¥1,435,494,699.08 at the end of the previous year[19]. - The net assets attributable to shareholders increased by 1.33% to ¥1,128,181,479.27 from ¥1,113,342,449.85 at the end of the previous year[19]. - Basic earnings per share decreased by 22.40% to ¥0.1840 from ¥0.2371 in the same period last year[20]. - The weighted average return on equity decreased to 3.48%, down from 7.33% year-on-year, a decline of 3.85 percentage points[20]. - The company reported a 17.91% decrease in net profit after deducting non-recurring gains and losses, with ¥31,010,993.39 compared to ¥37,778,944.65 last year[19]. Operational Strategies - The company is focusing on expanding its market presence and enhancing product development capabilities[18]. - The company has implemented new strategies to improve operational efficiency and financial performance[18]. - The company achieved a sales revenue of 458.63 million yuan for backlight display modules in the first half of 2021, representing a year-on-year growth of 26.45% and accounting for 77.70% of total sales revenue[30]. - The company is expanding into the new energy vehicle display sector and has successfully entered the supply chain of domestic and international brand new energy vehicles[30]. - The company maintains stable partnerships with renowned LCD manufacturers such as JDI, Sharp, and LGD, and strengthens collaboration with major automotive suppliers[29]. - The company employs a "sales-driven production" model to ensure product quality and traceability throughout the production process[32]. Research and Development - The company established a research and development team of 372 personnel and holds 60 authorized patents, recognized as a "high-performance automotive display module engineering technology research center"[45]. - The company successfully developed Mini-LED backlight products, with several samples gaining recognition from domestic and international clients, including a key customer order[45]. - Research and development expenses increased by 9.79% to 34.51 million RMB, reflecting the company's commitment to enhancing R&D capabilities[51]. Risk Management - The report includes a risk statement regarding future plans and development strategies, emphasizing the importance of investor awareness of potential risks[4]. - The company faces risks from supply chain disruptions, particularly in the automotive sector, due to tight supply of key components like vehicle chips[63]. - The company is exposed to international trade friction risks, particularly with the ongoing US-China trade tensions, which could indirectly affect sales through major clients[64]. - The company is at risk of losing market share to OLED technology if it becomes more cost-effective and widely adopted in the automotive display sector[67]. - The ongoing COVID-19 pandemic may lead to reduced demand from overseas clients or delays in order fulfillment, impacting overall business performance[66]. Corporate Governance - The board of directors confirmed the accuracy and completeness of the semi-annual report, with no false records or misleading statements[6]. - The report indicates that all board members attended the board meeting, ensuring collective responsibility for the report's content[6]. - The company held two shareholder meetings during the reporting period, complying with legal regulations and ensuring valid voting procedures[78]. - The company appointed a new Chief Financial Officer, replacing the previous one, indicating a change in management[79]. - The company has maintained compliance with environmental regulations and has invested in environmental protection facilities, achieving ISO14001:2015 certification[84]. Shareholder Information - The company reported no profit distribution or capital reserve transfer to share capital during the reporting period[3]. - The company has not disclosed any significant changes in shareholder structure or stock variations during the reporting period[7]. - The total number of ordinary shareholders at the end of the reporting period was 17,524[109]. - The largest shareholder, WATANABE, holds 124,576,382 shares, representing 58.53% of the total shares[111]. - The company reported no significant changes in its share capital structure during the reporting period[108]. Financial Position - The company's total current assets amounted to approximately CNY 949.89 million, a decrease from CNY 1,178.31 million at the end of 2020, reflecting a decline of about 19.4%[123]. - The company's cash and cash equivalents were reported at CNY 297.29 million, slightly increasing from CNY 293.52 million at the end of 2020, indicating a growth of approximately 1.2%[123]. - The company's trading financial assets decreased significantly from CNY 434 million at the end of 2020 to CNY 265 million, representing a decline of about 38.9%[123]. - The company's total assets at the end of the reporting period are CNY 1,128,181,479.27, reflecting a stable asset base[148]. - The total liabilities decreased to CNY 276,613,151.22 from CNY 322,152,249.23, reflecting a reduction of about 14.1%[125]. Compliance and Legal Matters - There are no significant lawsuits or arbitration matters reported during the reporting period, indicating a stable legal standing[100]. - The integrity status of the company and its major stakeholders is good, with no unfulfilled court judgments or significant overdue debts[100]. - The company has committed to not interfere with management activities or misappropriate company interests, ensuring compliance with regulatory requirements[98].

2021 年第一季度报告 公司代码：605218 公司简称：伟时电子 1 / 25 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 7 | | 四、 | 附录 9 | 2.1 主要财务数据 2021 年第一季度报告 单位：元 币种：人民币 | | 本报告期末 | 上年度末 | 本报告期末比上年度末增 | | --- | --- | --- | --- | | | | | 减(%) | | 总资产 | 1,410,720,156.09 | 1,435,494,699.08 | -1.73 | | 归属于上市公司 | 1,139,351,155.45 | 1,113,342,449.85 | 2.34 | | 股东的净资产 | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) | | 经营活动产生的 现金流量净额 | 29,893,432.45 | -33,803,277.48 | 不适用 | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减（%） | | 营业收入 | 310,082 ...

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB, representing a 20% growth year-over-year[25]. - Operating revenue for 2020 was CNY 1,101,607,723.36, a decrease of 10.45% compared to CNY 1,230,222,475.42 in 2019[26]. - Net profit attributable to shareholders was CNY 81,691,193.97, down 21.52% from CNY 104,088,661.95 in 2019[26]. - Basic earnings per share decreased by 27.56% to CNY 0.4724 from CNY 0.6521 in 2019[27]. - The weighted average return on equity fell to 12.16%, a decrease of 11.20 percentage points from 23.36% in 2019[27]. - Total assets increased by 87.83% to CNY 1,435,494,699.08 at the end of 2020, compared to CNY 764,241,951.61 at the end of 2019[26]. - Cash flow from operating activities showed a net outflow of CNY 6,403,176.64, a decline of 103.02% from a net inflow of CNY 212,284,691.08 in 2019[26]. - The net profit after deducting non-recurring gains and losses was CNY 65,943,753.76, down 35.09% from CNY 101,587,368.11 in 2019[26]. - The company’s net assets attributable to shareholders increased by 123.75% to CNY 1,113,342,449.85 at the end of 2020, compared to CNY 497,573,487.83 at the end of 2019[26]. Dividend Policy - The company plans to distribute a cash dividend of 1.20 RMB per 10 shares, totaling 25,540,015.20 RMB based on the total share capital of 212,833,460 shares as of December 31, 2020[5]. - In 2020, the company distributed a cash dividend of 1.20 RMB per 10 shares, resulting in a total cash distribution of approximately 25.54 million RMB, which is 31.26% of the net profit attributable to shareholders[116]. - The company can distribute dividends in cash, stock, or a combination of both, with a minimum cash distribution of 10% of the distributable profit if there are no major capital expenditures planned[110]. - The profit distribution policy can only be changed under specific circumstances and requires approval from the supervisory board and a two-thirds majority of voting rights at the shareholders' meeting[115]. - The company’s profit distribution plan must be transparent and provide a voting platform for public shareholders[115]. Risk Management - The report includes a forward-looking statement risk declaration, indicating potential investment risks[6]. - The company has outlined potential risks in the section discussing future development[9]. - The company has not faced any risks that would prevent the majority of directors from ensuring the report's integrity[8]. - The company acknowledges the potential impact of the COVID-19 pandemic on overseas customer demand and order fulfillment timelines[98]. - The automotive industry’s cyclical nature poses a risk to the company's performance, as demand is closely tied to macroeconomic conditions[97]. - The company faces risks from international trade friction, particularly with the ongoing US-China trade tensions, which could adversely affect export performance[96]. Strategic Initiatives - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25%[25]. - New product development includes the launch of a next-generation LCD module, expected to enhance market competitiveness[25]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by 2025[25]. - A strategic acquisition of a local electronics firm was completed, expected to contribute an additional 300 million RMB in annual revenue[25]. - Research and development investment increased by 30%, focusing on OLED technology advancements[25]. - The company plans to implement a new marketing strategy aimed at increasing brand awareness by 40% in the next year[25]. Corporate Governance - Deloitte Huayong issued a standard unqualified audit report for the company[4]. - The board of directors and senior management guarantee the authenticity, accuracy, and completeness of the annual report[10]. - There are no violations of decision-making procedures regarding external guarantees[8]. - The company has established a mechanism for continuous and stable returns to shareholders, reinforcing its commitment to investor interests[126]. - The company has a structured governance framework, including a board of directors and various committees to ensure compliance with laws and regulations[190]. Market Position and Customer Base - User data showed a 15% increase in active users, reaching 2 million by the end of the fiscal year[25]. - The company has established long-term stable partnerships with major LCD manufacturers such as JDI, Sharp, and Tianma, and has successfully entered the supply chain of domestic and international brand new energy vehicles[37]. - The company is actively developing new customers in mainland China and other regions, enhancing its market presence[41]. - The company expanded its customer base, adding new clients such as LGD and Nobo, and secured over 30 new model orders, a historical high[61]. Environmental Compliance - The company has passed the ISO 14001:2015 environmental management system certification, indicating compliance with environmental standards[152]. - The company has made continuous investments in environmental protection facilities and operations, ensuring compliance with national and local environmental regulations[151]. - The company is not classified as a heavily polluting industry, and its environmental investments include waste treatment and pollution control measures[151]. - The company has obtained necessary environmental permits, including a wastewater discharge permit valid until November 1, 2024[152]. Employee and Management Information - The total number of employees in the parent company is 1,347, while the total number of employees in the parent company and major subsidiaries is 2,413[185]. - The total hours of outsourced labor amounted to 496,016.40 hours, with total payments for outsourced labor reaching CNY 13,425,852.86[188]. - The company has established a comprehensive compensation policy to attract and retain talent, with salaries based on job position and performance evaluations[186]. - The company actively promotes employee training programs to enhance business capabilities and management skills[187]. Shareholder Information - The largest shareholder, Watanabe Yoichi, held 124,576,382 shares, representing 58.53% of the total shares after the issuance[165]. - The second-largest shareholder, Yamaguchi Masaru, held 22,880,974 shares, accounting for 10.75% of the total shares after the issuance[165]. - The number of ordinary shareholders increased from 19,809 to 21,927 during the reporting period[162]. - The public float increased to 53,208,365 shares, representing 25% of the total shares post-issuance[161].

Financial Performance - Operating revenue decreased by 21.53% year-on-year to CNY 732,747,014.87 for the first nine months[5] - Net profit attributable to shareholders fell by 24.67% to CNY 56,814,610.01 compared to the same period last year[5] - Basic earnings per share decreased by 24.68% to CNY 0.3559[5] - The weighted average return on equity decreased by 8.18 percentage points to 9.56%[5] - Total revenue for Q3 2020 was ¥265,085,462.28, a decrease of 28.3% compared to ¥369,572,801.38 in Q3 2019[24] - Net profit for the first three quarters of 2020 was ¥732,747,014.87, a decline of 21.5% from ¥933,794,345.38 in the same period of 2019[24] - The net profit for Q3 2020 was CNY 11,829,211.07, down 56.7% from CNY 27,283,335.87 in Q3 2019[28] - The total profit for Q3 2020 was CNY 12,276,463.14, a decline of 61.5% compared to CNY 31,821,067.61 in Q3 2019[28] - The company's gross profit margin for Q3 2020 was approximately 24.3%, down from 23.4% in Q3 2019[27] - The total comprehensive income for Q3 2020 was CNY 19,343,308.55, compared to CNY 39,282,502.08 in Q3 2019, reflecting a decrease of 50.8%[26] Assets and Liabilities - Total assets increased by 78.66% year-on-year to CNY 1,365,371,412.88[5] - The company's total assets increased to ¥1,365,371,412.88, up from ¥764,241,951.61, reflecting significant growth[18] - Total liabilities increased to ¥276,739,046.69 from ¥266,668,463.78 year-over-year[19] - Total liabilities reached ¥266,668,463.78, with current liabilities at ¥256,540,696.86 and non-current liabilities at ¥10,127,766.92[39] - Total equity reached 475,151,339.30, with retained earnings of 176,749,017.00[44] Cash Flow - Cash flow from operating activities decreased by 51.14% to CNY 44,959,586.20 for the first nine months[5] - The net cash flow from operating activities decreased by 51.14% to ¥44,959,586.20 from ¥92,019,205.75, mainly due to a reduction in cash received from sales[13] - The cash inflow from sales of goods and services in the first nine months of 2020 was CNY 726,881,504.75, down from CNY 949,970,613.26 in 2019, a decrease of approximately 23.4%[32] - The total cash inflow from financing activities in the first nine months of 2020 was CNY 557,819,065.58, compared to CNY 2,166,728.27 in the same period of 2019, showing a significant increase[33] - The net cash flow from financing activities for the first nine months of 2020 was CNY 549,705,330.36, while it was negative CNY 7,425,946.59 in 2019, marking a turnaround[33] Shareholder Information - The total number of shareholders reached 56,886 by the end of the reporting period[8] - The largest shareholder, Watanabe, holds 58.53% of the shares, totaling 124,576,382 shares[9] - Shareholders' equity rose to ¥1,088,632,366.19, up from ¥497,573,487.83 in the previous year[19] Government Support and Funding - The company received government subsidies amounting to CNY 908,005.8 during the reporting period[7] - The company raised a total of ¥583,695,764.05 from its initial public offering, with a net amount of ¥534,141,887.56 after deducting issuance costs[13] - The company plans to utilize the raised funds for future expansion and development projects, enhancing its market position[13] Research and Development - Research and development expenses for Q3 2020 were ¥16,981,225.24, a decrease of 15.5% compared to ¥19,954,933.90 in Q3 2019[24] - Research and development expenses in Q3 2020 were CNY 12,816,159.56, a decrease of 20.8% from CNY 16,035,968.33 in Q3 2019[28] Financial Changes - The company reported a significant increase in financial expenses, totaling CNY 7,919,620.29 in Q3 2020, compared to a financial income of CNY 5,815,963.26 in Q3 2019[28] - The company reported a decrease in financial expenses, with a net figure of ¥6,303,829.74 compared to a negative figure from the previous year, indicating a significant change in foreign exchange losses[13] Asset Management - Accounts receivable decreased by 58.08% to ¥4,803,090.67 from ¥11,456,763.02, primarily due to the redemption of notes receivable[12] - The company's cash and cash equivalents increased to ¥806,862,539.66, a 219.96% increase compared to ¥252,177,633.67 at the end of the previous year[12] - The company reported a significant increase in cash flow from operations, indicating improved liquidity[24]