Financial Performance - The company's operating revenue for Q1 2023 was CNY 424,237,222.61, representing an increase of 11.97% compared to the same period last year[6] - The net profit attributable to shareholders of the listed company reached CNY 51,323,209.23, marking a significant increase of 37.59% year-on-year[6] - Basic earnings per share (EPS) for the period was CNY 0.58, reflecting a growth of 38.10% year-on-year[6] - The net profit after deducting non-recurring gains and losses was CNY 49,351,258.73, an increase of 34.44% year-on-year[6] - Total operating revenue for Q1 2023 was CNY 424,237,222.61, an increase of 11.97% compared to CNY 378,897,965.78 in Q1 2022[17] - Net profit for Q1 2023 reached CNY 51,323,209.23, representing a 37.6% increase from CNY 37,301,528.48 in Q1 2022[18] - Earnings per share for Q1 2023 were CNY 0.58, compared to CNY 0.42 in Q1 2022, marking a 38.1% increase[18] Cash Flow - The net cash flow from operating activities was CNY 30,776,114.22, showing a remarkable increase of 220.33% compared to the previous year[6] - Cash flow from operating activities was CNY 406,785,333.36 in Q1 2023, up from CNY 349,538,946.56 in Q1 2022, indicating a growth of 16.3%[20] - The net cash flow from operating activities for Q1 2023 was $30,776,114.22, an increase from $9,607,745.04 in Q1 2022, representing a growth of approximately 220%[21] - Total cash inflow from operating activities reached $465,637,839.76, compared to $385,481,395.20 in the previous year, indicating a year-over-year increase of about 21%[21] - Cash outflow from operating activities was $434,861,725.54, up from $375,873,650.16, reflecting an increase of around 16%[21] - The company reported a net increase in cash and cash equivalents of $11,121,148.67 for the quarter, compared to $725,808.40 in the same period last year[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,142,879,154.45, a slight decrease of 0.21% from the end of the previous year[7] - The equity attributable to shareholders of the listed company increased to CNY 1,530,700,351.93, up by 3.49% from the previous year[7] - The total liabilities decreased to CNY 612,178,802.52 in Q1 2023 from CNY 668,221,480.59 in Q1 2022, a reduction of 8.4%[17] - The total non-current assets were reported at RMB 506,201,039.64, down from RMB 515,733,583.52, indicating a decrease of approximately 1.4%[14] - The total liabilities included accounts payable of RMB 386,369,461.17, which decreased from RMB 456,829,571.63, reflecting a reduction of about 15.4%[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 4,885[11] - There are no significant changes in the shareholder structure or related party transactions reported during this period[13] Research and Development - Research and development expenses increased to CNY 16,102,944.46 in Q1 2023, compared to CNY 10,783,677.44 in Q1 2022, reflecting a rise of 49.0%[17] Government Subsidies - The company received government subsidies amounting to CNY 506,665.19, which are related to its normal business operations[8] Strategic Focus - The company is focusing on enhancing its product development and market expansion strategies in the upcoming quarters[13]

Financial Performance - In 2022, the company's operating revenue reached CNY 1,618,960,531.84, a slight increase of 0.84% compared to CNY 1,605,450,110.15 in 2021[22] - The net profit attributable to shareholders was CNY 215,048,956.44, representing a significant growth of 35.11% from CNY 159,169,942.74 in the previous year[22] - The net profit after deducting non-recurring gains and losses was CNY 205,724,027.15, which is an increase of 41.17% compared to CNY 145,730,202.31 in 2021[22] - The net cash flow from operating activities surged to CNY 296,311,921.29, marking a remarkable increase of 418.97% from CNY 57,096,109.59 in 2021[22] - Basic earnings per share were 2.44 yuan, up 17.87% from 2.07 yuan in 2021[25] - The weighted average return on equity was 15.20%, a decrease of 0.59 percentage points from 15.79% in 2021[25] - The gross profit margin for the main business was 21.03%, with a slight increase of 1.22 percentage points compared to the previous year[61] - The company reported a net profit margin of 12%, up from 10% in the previous year, indicating improved operational efficiency[126] Assets and Liabilities - As of the end of 2022, the total assets amounted to CNY 2,147,325,262.19, reflecting an 11.54% increase from CNY 1,925,096,184.07 in 2021[24] - The net assets attributable to shareholders increased to CNY 1,479,103,781.60, which is a 9.50% rise from CNY 1,350,765,825.16 at the end of 2021[23] - Accounts payable decreased by 32.13% to 72,614,271.18, reflecting a reduction in supplier payments[78] - Contract liabilities increased by 36.69% to 62,138,563.05, mainly due to higher customer prepayments[78] Dividends and Share Capital - The company plans to distribute a cash dividend of CNY 10.00 per 10 shares, totaling CNY 88,000,000 (including tax) based on the total share capital as of December 31, 2022[6] - The company will also increase its share capital by 4 shares for every 10 shares held, resulting in a new total share capital of 123,200,000 shares[6] - The company implemented a cash dividend policy, distributing 10.00 RMB per 10 shares, totaling 88,000,000 RMB (including tax), which represents 40.92% of the net profit attributable to ordinary shareholders in the consolidated financial statements[145][149] Market and Industry Insights - The company operates in the general equipment manufacturing industry, primarily producing generator sets, pump units, and high-pressure cleaning machines[35] - The market for general power machinery in China has seen significant growth, with exports accounting for approximately 80% of sales since the late 1990s[36] - High-pressure cleaning machines are gaining traction in China, with the market still in the cultivation stage, despite their widespread use in developed countries[38] - The company is positioned to benefit from the increasing mechanization and infrastructure development in developing countries, driving demand for its products[36] Research and Development - The company focused on enhancing R&D investment and innovation to adapt to market changes and improve product development capabilities[33] - The company has established a research and development center recognized as a provincial high-tech enterprise, focusing on innovation in general power machinery and high-pressure cleaning machines[48] - The company has developed core technologies in emission control, noise control, and energy efficiency for its general power machinery products[49] - R&D expenses totaled 54,850,431.13 yuan, accounting for 3.39% of operating revenue[72] Operational Efficiency - The company has implemented advanced automated production processes, enhancing manufacturing efficiency and product quality[50] - The company achieved ISO 9001:2015 certification and its products have received multiple international certifications, ensuring quality and performance recognition[51] - The company aims to enhance product quality and value-added features by leveraging its advantages in technology, quality, brand, and market channels[94] Risk Management - The company has not reported any significant risks that could materially affect its operations during the reporting period[9] - The company faces potential risks from fluctuations in raw material prices, which could impact its operating costs and overall performance[105] - The company is aware of labor market challenges and plans to address human resource needs to support its business growth and production expansion[106] Corporate Governance - The company has established a comprehensive corporate governance structure, including a board of directors and various specialized committees to enhance decision-making and oversight[113] - The board consists of 7 members, including 3 independent directors, ensuring compliance with legal and regulatory requirements[114] - The company emphasizes transparency in information disclosure, adhering to relevant laws and regulations to ensure timely and accurate communication with stakeholders[117] Sustainability Initiatives - The company is committed to improving its technology development and innovation capabilities by investing in advanced design software and recruiting high-quality R&D personnel[98] - The company has achieved ISO certifications for environmental management, occupational health and safety, and energy management, demonstrating its commitment to sustainability[155] - The company implemented carbon reduction measures, successfully reducing CO2 equivalent emissions by 103 tons[156] Future Outlook - The company plans to continue its market expansion and product development strategies in the upcoming fiscal year[123] - The company is positioned to capitalize on the growing demand for high-pressure cleaners across various sectors, including residential, commercial, and industrial applications[92] - The company intends to become a leading global supplier of high-pressure cleaners by continuously enhancing its product series and production capabilities[94]

证券代码：605259 证券简称：绿田机械 编号：2022 -008 绿田机械股份有限公司 投资者关系活动记录表 | --- | --- | --- | |------------------------|----------------------------------------------------------------|----------------------------------------------------------| | | | | | 投资者关系活动类别 | ☐ 特定对象调研 | ☐ 分析师会议 | | | ☐ 媒体采访 | 业绩说明会 | | | ☐ 新闻发布会 | ☐ 路演活动 | | | ☐ 现场参观 | | | | ☐ | 其他（请文字说明其他活动内容） | | 形式 | ☐ 现场 网上 | ☐ 电话会议 | | 参与单位名称及人员姓名 | 线上参与公司 2021 | 年度网上业绩说明会的投资者 | | 时间 | 2022 年 06 月 24 日 | 14:00-15:00 | | 地点 | 价值在线（ https ： | //www.ir-online.cn/ ） ...

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 759,395,507.84, a decrease of 3.21% compared to the same period last year[21]. - The net profit attributable to shareholders for the first half of 2022 was CNY 103,910,825.26, representing a growth of 43.87% year-on-year[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 50.61% year-on-year, amounting to CNY 100,045,499.84[21]. - The net cash flow from operating activities for the first half of 2022 was CNY 110,040,937.16, a significant improvement from a negative cash flow of CNY -16,375,148.90 in the same period last year[21]. - Basic earnings per share for the first half of 2022 were CNY 1.18, an increase of 8.26% compared to CNY 1.09 in the same period last year[22]. - The weighted average return on net assets decreased to 7.48%, down by 2.82 percentage points from the previous year[22]. - The company reported a non-recurring profit of 4,265,456.34 from government subsidies closely related to its normal business operations[25]. - The total operating revenue for the first half of 2022 was CNY 759,395,507.84, a decrease of 3.5% compared to CNY 784,581,739.55 in the same period of 2021[140]. - Net profit for the first half of 2022 was CNY 103,910,825.26, representing a significant increase of 43.9% compared to CNY 72,222,993.28 in the previous year[141]. - Earnings per share for the first half of 2022 were CNY 1.18, up from CNY 1.09 in the same period of 2021[141]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,911,590,699.70, a decrease of 0.70% compared to the end of the previous year[21]. - The net assets attributable to shareholders at the end of the reporting period were CNY 1,367,321,150.42, an increase of 1.23% from the previous year-end[21]. - The company's total assets at the end of the reporting period amounted to CNY 1,913,000,000, with cash and cash equivalents increasing by 14.38% to CNY 873,889,810.23[51]. - The company's inventory decreased by 15.11% to CNY 397,155,994.07, indicating improved inventory management[52]. - Total liabilities decreased from CNY 574,330,358.91 to CNY 544,269,549.28, a decline of about 5.2%[134]. - Current liabilities decreased from CNY 563,173,559.38 to CNY 530,179,087.41, a decrease of approximately 5.9%[133]. - The company reported a significant reduction in accounts payable from CNY 365,659,808.21 to CNY 245,798,156.21, a decrease of about 32.7%[133]. Cash Flow - The company's operating cash flow reached CNY 110,040,937.16, a significant improvement from a negative cash flow of CNY -16,375,148.90 in the previous year[48]. - Cash inflow from operating activities was CNY 887,304,376.27, up from CNY 850,979,361.51 in the first half of 2021, indicating a growth of about 4.3%[146]. - Cash outflow for purchasing goods and services decreased to CNY 646,621,986.33 from CNY 728,104,969.41, reflecting a reduction of approximately 11.2%[146]. - Cash flow from investing activities resulted in a net outflow of CNY 22,231,543.80, worsening from a net outflow of CNY 14,887,224.27 in the first half of 2021[147]. - Cash flow from financing activities generated a net inflow of CNY 545,858,490.58, compared to CNY 0 in the previous year, indicating a strong financing position[147]. - The ending cash and cash equivalents balance increased to CNY 873,889,810.23 from CNY 733,190,512.31, marking a rise of approximately 19.2%[147]. Market Strategy and Product Development - The company has established a global marketing strategy, covering over 100 countries and regions, with a focus on reliable product quality and comprehensive after-sales service[27]. - The company has developed core technologies in emission control, noise control, and lightweight design, enhancing its competitive advantage in the industry[39]. - The company has established international standard laboratories for quality inspection, ensuring new product development meets industry standards in durability and efficiency[39]. - The company’s production process has been optimized through automation and advanced manufacturing technologies, improving production efficiency[40]. - The company plans to continue focusing on market expansion and new product development to drive future growth[140]. Shareholder Commitments and Governance - The company has committed to various shareholder promises, including restrictions on share transfers for a period of 36 months post-IPO[79]. - The company’s major shareholders have agreed to not transfer shares for 12 months following the IPO, ensuring stability in shareholding[80]. - The company guarantees that newly appointed directors and senior management will comply with the share price stabilization plan for three years post-listing[86]. - The controlling shareholder commits to submit a share buyback plan within 5 trading days if the stock price falls below net asset value for 20 consecutive trading days[82]. - The company will ensure that any cash compensation for unfulfilled buyback obligations will accumulate if not paid[89]. - The controlling shareholder commits not to interfere with the company's management or infringe on its interests, with legal responsibilities for any violations[98]. Environmental Responsibility and Innovation - The company has implemented measures to monitor and manage pollutants, achieving ISO certifications for environmental management, indicating a commitment to environmental responsibility[73]. - The company has mastered emission control technologies for gasoline and diesel engines, significantly reducing carbon emissions while improving power indicators[74]. - The company implemented energy-saving projects, including photovoltaic power generation and the use of alternative fuels like LPG and CNG, leading to significant social benefits[75]. - The company is focused on optimizing energy consumption in its products to further reduce carbon emissions[75]. - The company has established advanced emission testing systems to ensure consistent engine emissions control[75]. Risk Factors - The company faces competition risks in the general power machinery and high-pressure cleaning machine sectors, with increasing competition potentially impacting profitability if innovation and cost control are not maintained[59]. - Raw material costs, which constitute a significant portion of the company's operating costs, are subject to fluctuations due to macroeconomic cycles and market supply-demand changes, posing risks to operating performance[60]. - The company is exposed to exchange rate risks, particularly with its export business primarily settled in USD, which could lead to losses if the RMB appreciates significantly against the USD[63]. - The company maintains a large inventory level due to expanded production and product series, which could lead to inventory obsolescence or impairment if market conditions change[65]. - The company's expansion in scale requires enhanced management capabilities; failure to adapt could negatively impact operational efficiency and market competitiveness[66]. Financial Reporting and Compliance - The company’s financial statements have been approved by the board of directors on August 18, 2022, ensuring compliance and transparency[163]. - The company adheres to the accounting standards, ensuring that financial statements accurately reflect its financial position and performance[169]. - The company classifies its financial assets into three categories: amortized cost, fair value through other comprehensive income, and fair value through profit or loss[178]. - The company recognizes expected credit losses based on the risk of default, with the loss allowance reflecting the present value of cash shortfalls[183]. - The company applies a combination of historical data and forward-looking information to evaluate credit risk and measure expected credit losses[184].

2022 年第一季度报告 证券代码：605259 证券简称：绿田机械 绿田机械股份有限公司 2022 年第一季度报告 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。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务报表 信息的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 | 与公司正常经营业务无关的或有 | | | --- | --- | | 事项产生的损益 | | | 除同公司正常经营业务相关的有 | | | 效套期保值业务外，持有交易性 | | | 金融资产、衍生金融资产、交易 | | | 性金融负债、衍生金融负债产生 | | | 的公允价值变动损益，以及处置 | | | 交易性金融资产、衍生金融资 | | | 产、交易性金融负债、衍生金融 | | | 负债和其 ...

Financial Performance - The company's operating revenue for 2021 was CNY 1,605,450,110.15, representing a 31.04% increase compared to CNY 1,225,133,410.53 in 2020[21] - The net profit attributable to shareholders was CNY 159,169,942.74, a 37.22% increase from CNY 115,999,757.48 in the previous year[21] - The net profit after deducting non-recurring gains and losses was CNY 145,730,202.31, up 40.49% from CNY 103,732,360.24 in 2020[21] - The company's total assets reached CNY 1,925,096,184.07, a 58.67% increase from CNY 1,213,247,132.41 at the end of 2020[22] - The net assets attributable to shareholders increased by 103.22% to CNY 1,350,765,825.16 from CNY 664,682,354.11 in 2020[22] - The cash flow from operating activities was CNY 57,096,109.59, a decrease of 70.20% compared to CNY 191,609,084.01 in the previous year[21] - Basic earnings per share increased by 17.61% to RMB 2.07, while diluted earnings per share remained the same[23] - The weighted average return on equity decreased by 3.35 percentage points to 15.79%[23] Market and Product Development - The company focused on expanding market share and enhancing product quality through increased R&D investment and technological innovation[31] - New production capacity for high-pressure cleaning machines was effectively released, leading to significant growth in sales and revenue for these products[31] - The company is committed to optimizing and upgrading its gasoline engine products towards efficiency, variable frequency, intelligence, and environmental protection[32] - The company focuses on general power machinery products, including generator sets, water pump units, and engines, as well as high-pressure cleaning machines, which are categorized into household and commercial types[37] - The company has established a strong competitive advantage through continuous product innovation and improvement in manufacturing processes, supported by a dedicated R&D center recognized as a national high-tech enterprise[46] - The company has developed core technologies in emission control, noise reduction, and energy efficiency, enhancing the environmental and safety performance of its products[46] - The company’s R&D efforts have led to the introduction of innovative products, such as portable eco-friendly generators and energy-saving diesel engines, contributing to market expansion[46] Risks and Governance - There are no significant risks that materially affect the company's operations during the reporting period[8] - The company has no non-operating fund occupation by controlling shareholders and their related parties[7] - The company has established a comprehensive corporate governance structure, including a board of directors with 7 members, of which 3 are independent directors, ensuring compliance with relevant laws and regulations[112] - The company has set up specialized committees under the board of directors, including a strategic development committee and an audit committee, to provide scientific and professional opinions for decision-making[112] - The company actively engages with investors through various communication channels, ensuring the protection of stakeholders' rights and interests[113] - The company recognizes the risk of market competition and aims to maintain its competitive edge through continuous product innovation and cost control[101] - The company faces potential risks from raw material price fluctuations, which could impact operating costs and overall profitability[102] Shareholder and Financial Management - The company plans to distribute a cash dividend of CNY 10.00 per 10 shares, totaling CNY 88 million, which represents 55.29% of the net profit attributable to shareholders[5] - The company has a cash dividend policy that ensures at least 10% of the distributable profit is paid out as dividends each year, with a three-year cumulative payout of at least 30% of the average distributable profit[140] - The company has established a fundraising management system to ensure the proper use of raised funds[168] - The company aims to accelerate the investment progress of fundraising projects to achieve expected benefits as soon as possible[169] - The company will strengthen operational management and internal controls to improve operational efficiency and profitability[170] Environmental and Social Responsibility - The company has maintained a commitment to social responsibility, donating a total of 100,000 RMB to local charities and educational institutions in 2021[149] - The company has actively participated in poverty alleviation efforts, providing employment platforms for unemployed individuals in rural areas since 2018[149] - The company has obtained ISO14001 and ISO50001 certifications, demonstrating its commitment to environmental management and energy efficiency[146] - The company has implemented advanced emission control technologies for gasoline engines, significantly reducing carbon emissions while improving power output and extending engine lifespan[147] - The company has achieved compliance with the EPA Tier 3 emission regulations for its engines, ensuring effective control of emission consistency[147] Future Outlook - The company plans to enhance R&D and manufacturing capabilities to meet the increasing demands for energy conservation and environmental protection in the general power machinery industry[87] - The company plans to increase annual production capacity by 1.8 million units of high-pressure cleaners to meet growing demand and enhance market share[93] - Future product development will focus on specialization, diversification, integration, and intelligence, leveraging new technologies such as lithium batteries and automation[90] - The company aims to enhance product quality and added value through technological upgrades and automation, solidifying its position as a preferred supplier in the global market[92] - The management highlighted a strategic focus on mergers and acquisitions to drive growth and innovation in the upcoming fiscal year[122]

Financial Performance - The operating revenue for the first half of 2021 was RMB 784,581,739.55, representing a 43.42% increase compared to RMB 547,052,327.59 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was RMB 72,222,993.28, up 21.92% from RMB 59,240,272.99 year-on-year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 66,426,273.42, reflecting a 15.42% increase from RMB 57,550,452.92 in the previous year[17]. - Basic earnings per share were CNY 1.09, up 21.11% from CNY 0.90 in the same period last year[18]. - The company reported a diluted earnings per share of CNY 1.09, consistent with basic earnings per share, reflecting stable profitability[18]. - The company reported a total profit of ¥81,881,940.32 for the first half of 2021, an increase of 20.2% from ¥68,131,088.22 in the previous year[155]. - The total comprehensive income for the first half of 2021 was ¥72,222,993.28, compared to ¥59,253,142.07 in the same period of 2020[156]. Cash Flow and Financial Position - The net cash flow from operating activities was negative at RMB -16,375,148.90, a decline of 148.32% compared to RMB 33,886,672.65 in the same period last year[17]. - The company reported a significant increase in cash and cash equivalents, totaling ¥733.29 million, which accounted for 39.68% of total assets, up 234.05% from the previous year's ¥219.52 million[63]. - The company reported a net increase in cash and cash equivalents of 513,772,846.30 RMB for the first half of 2021, contrasting with a decrease of 6,514,563.76 RMB in the same period of 2020[163]. - Cash inflow from financing activities was 556,338,679.25 RMB in H1 2021, with a net cash flow from financing activities of 545,858,490.58 RMB, a significant improvement from -377,358.49 RMB in H1 2020[165]. - The company’s cash and cash equivalents at the end of H1 2021 stood at 733,190,512.31 RMB, a substantial increase from 134,663,519.24 RMB at the end of H1 2020[163]. Assets and Liabilities - Total assets at the end of the reporting period reached RMB 1,847,809,228.20, marking a 52.30% increase from RMB 1,213,247,132.41 at the end of the previous year[17]. - The company's total liabilities included accounts payable of ¥136.53 million, a 94.39% increase from ¥70.24 million, reflecting an increase in supplier bank acceptance bills[64]. - The total equity of the company as of June 30, 2021, is CNY 1,289,877,333.80, an increase from CNY 547,546,798.80 at the end of the previous year, representing a growth of approximately 135%[176]. - The company’s total assets reached CNY 1,289,877,333.80 by the end of the reporting period, reflecting a robust financial position[176]. Market and Product Development - The company is focused on the development and sales of general power machinery products and high-pressure cleaning machines, indicating a strong market demand for these products[25]. - The high-pressure cleaning machine market is expected to grow significantly due to increasing environmental awareness and demand for efficient cleaning solutions[28]. - The company has introduced a new series of high-pressure cleaning machines with pressure ratings ranging from 100Bar to 160Bar, targeting various cleaning applications[30]. - The company has established a provincial-level high-tech research and development center, focusing on the innovation of general power machinery and high-pressure cleaning machines[51]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[178]. Risk Management and Challenges - The company is exposed to global macroeconomic fluctuations, which could negatively impact future growth if not managed properly[70]. - The competitive landscape in the general power machinery and high-pressure cleaning machine sectors is intensifying, posing risks to the company's profitability if it fails to innovate[71]. - The company faces risks from fluctuations in raw material prices, which significantly impact operating costs[72]. - The company faces operational performance fluctuation risks due to potential significant increases in raw material prices, intensified market competition from new entrants, and the inability to maintain technological and industry leadership[73]. Shareholder and Corporate Governance - The controlling shareholder, Luo Changguo, committed to not transferring or entrusting the management of shares held prior to the IPO for 36 months from the listing date[87]. - Shareholders are required to publicly explain any failure to fulfill their commitments and compensate investors for losses incurred due to such failures[88]. - The company has established a strict trademark management system to avoid trademark infringement, with no cases reported during the reporting period[47]. - The controlling shareholder has committed to avoid any activities that directly or indirectly compete with the company's business[118]. - The company has implemented strict measures to ensure transparency and fairness in related party transactions, including detailed regulations on decision-making processes[120]. Research and Development - Research and development expenses rose by 60.80% to ¥27.37 million, attributed to an increase in R&D projects[61]. - The company has made significant investments in new product development, although specific figures were not disclosed in the report[171]. - The company is focusing on enhancing its risk management strategies, as indicated by the allocation to general risk reserves[171]. Compliance and Accounting - The company adheres to the enterprise accounting standards, ensuring that the financial statements accurately reflect its financial position and operating results[184]. - The company uses the Chinese Yuan (RMB) as its functional currency for accounting purposes[187]. - The financial statements are prepared based on the assumption of going concern, with no significant doubts regarding the company's ability to continue operations for the next 12 months[182].