Financial Performance - The company's operating revenue for the first half of 2022 was ¥340,479,588.33, representing a 43.24% increase compared to ¥237,706,818.02 in the same period last year[22]. - The net profit attributable to shareholders decreased by 48.10% to ¥14,714,218.70 from ¥28,351,413.82 year-on-year[22]. - The net cash flow from operating activities was negative at -¥126,502,557.99, a significant decline from ¥15,757,864.72 in the previous year, marking a 902.79% decrease[22]. - Basic earnings per share dropped by 50.00% to ¥0.11 from ¥0.22 in the same period last year[23]. - Diluted earnings per share also fell by 50.00% to ¥0.11 compared to ¥0.22 in the previous year[23]. - The net profit after deducting non-recurring gains and losses decreased by 59.04% to ¥11,194,536.21 from ¥27,327,751.70 year-on-year[22]. - Operating costs increased by 52.00% to ¥251,639,152.17 from ¥165,557,271.44, primarily due to increased sales volume and rising raw material prices[35]. - The company reported a net loss of ¥2,180,653.91 from fair value changes of financial assets and liabilities[27]. Assets and Liabilities - The total assets increased by 3.30% to ¥1,293,518,702.64 compared to ¥1,252,237,243.49 at the end of the previous year[22]. - The total liabilities increased to ¥495,921,618.88 from ¥432,170,800.95, reflecting a growth of 14.7%[100]. - The equity attributable to shareholders decreased to CNY 790,899,650.99 from CNY 808,618,260.26, a decline of about 2.4%[95]. - The company's total liabilities reached CNY 502,619,051.65, compared to CNY 443,618,983.23 at the beginning of the period, showing an increase of approximately 13.3%[95]. - The company's cash and cash equivalents decreased to CNY 516,438,049.85 from CNY 696,046,520.96, representing a decline of about 26%[93]. Cash Flow - The net cash flow from operating activities decreased significantly by 902.79%, resulting in a net outflow of ¥126,502,557.99 compared to a net inflow of ¥15,757,864.72 in the previous year[35]. - Cash flow from operating activities showed a net outflow of CNY -126,502,557.99, contrasting with a net inflow of CNY 15,757,864.72 in the same period last year[110]. - Cash inflow from financing activities reached ¥235,538,275.95, significantly higher than ¥60,000,000.00 in the prior period[115]. - The net cash flow from financing activities was positive at ¥55,638,615.16, a turnaround from a negative cash flow of ¥547,541.12 in the previous period[115]. Research and Development - Research and development expenses rose by 75.90% to ¥15,821,621.92, reflecting the company's commitment to enhancing its R&D capabilities[35]. - The company has been recognized as a high-tech enterprise and has a dedicated R&D center for continuous innovation in product design[32]. Market Strategy and Operations - The company has established a sales network covering over 1,200 distributors in third and fourth-tier cities by June 30, 2022[32]. - The company aims to enhance its core competitiveness through strategic upgrades in culture, branding, and operational capabilities[30]. - The company has actively expanded its market presence and optimized performance management to cope with challenges from the COVID-19 pandemic and raw material price fluctuations[29]. Shareholder Commitments and Governance - The actual controller and shareholders have committed to a 36-month lock-up period for their shares starting from the date of the IPO[57]. - The company has confirmed that all commitments made by shareholders and related parties have been fulfilled in a timely manner[59]. - The company will publicly disclose reasons for any unfulfilled commitments and apologize to shareholders and investors[73]. Social Responsibility - In the first half of 2022, the company donated RMB 60,000 in vouchers to frontline medical staff as a gesture of appreciation for their efforts during the pandemic[54]. - The company donated a rescue vehicle worth RMB 150,000 to the Blue Sky Rescue Team to support their operations[54]. - The company will continue to support public welfare activities and projects to spread positive energy to society[55]. Financial Instruments and Accounting Policies - 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[152]. - The company recognizes financial assets when it becomes a party to the financial instrument contract[155]. - The company assesses credit risk for financial instruments at each balance sheet date to determine if there has been a significant increase in credit risk since initial recognition[160].

2022 年第一季度报告 证券代码：605318 证券简称：法狮龙 法狮龙家居建材股份有限公司 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、准确性和完整性依法承担法律责任。 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 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比上年同期增减 变动幅度(%) | | --- | --- | --- | | 营业收入 | 117,522,851.89 | 66.92 | | 归属于上市公司股东的净利润 | 5,436,358.01 | -46.42 | | 归属于上市公司股东的扣除非经常性 | 3,605,469.30 | -63.40 | | 损益的净利润 | ...

Financial Performance - The company's operating revenue for 2021 was CNY 663,115,631.65, an increase of 47.97% compared to CNY 448,148,002.13 in 2020[21]. - The net profit attributable to shareholders for 2021 was CNY 58,772,441.05, a decrease of 8.45% from CNY 64,193,711.08 in 2020[21]. - The net cash flow from operating activities decreased by 31.96% to CNY 84,313,914.55 in 2021 from CNY 123,920,360.48 in 2020[21]. - The basic earnings per share for 2021 was CNY 0.46, down 23.33% from CNY 0.60 in 2020[22]. - The weighted average return on equity for 2021 was 6.83%, a decrease of 4.31 percentage points from 11.14% in 2020[23]. - The total assets at the end of 2021 were CNY 1,252,237,243.49, an increase of 11.71% from CNY 1,120,948,095.20 at the end of 2020[21]. Shareholder Returns - The company plans to distribute a cash dividend of 3 RMB per 10 shares, totaling approximately 38.70 million RMB, which represents 170.86% of the net profit attributable to shareholders for 2021[7]. - The company aims to maintain a cash distribution policy where the cumulative cash dividends over the last three years are no less than 30% of the average distributable profit[116]. - The cash dividend proportion for mature companies without major capital expenditures should be at least 80%[115]. - The company will prioritize cash dividends when conditions permit, ensuring consistency and stability in its dividend policy[114]. Market Strategy and Operations - The company focused on market expansion and increased marketing investments, contributing to revenue growth[23]. - The company plans to enhance its R&D capabilities and optimize performance management to adapt to market opportunities[32]. - The company aims to maintain stable and efficient operations through internal organizational optimization and team training[32]. - The company is actively expanding its marketing network in lower-tier cities, capitalizing on the growing consumer spending power in these regions[46]. - The company plans to expand its retail business in first and second-tier cities while enhancing high-end retail in third and fourth-tier cities[72]. Research and Development - Research and development expenses rose by 47.25% to ¥26,558,382.63, reflecting increased investment in new product development[49]. - The number of R&D personnel was 105, representing 12.8% of the total workforce[59]. - The company emphasizes consumer preferences for personalized and comfortable living environments, driving the demand for integrated ceiling solutions[34]. - The company is investing 50 million yuan in R&D for innovative home improvement technologies over the next year[92]. Corporate Governance - The board of directors and supervisory board members have confirmed the authenticity and completeness of the annual report[4]. - The company adheres to strict information disclosure practices, ensuring transparency and timely communication with shareholders[83]. - The board of directors has held 9 meetings during the reporting period, focusing on strategic decision-making and risk management[82]. - The supervisory board conducted 7 meetings to oversee financial operations and major business decisions, ensuring effective governance[83]. Risk Management - The company is proactively addressing risks related to real estate policy uncertainties by promoting brand-oriented operations and expanding its product offerings to enhance customer value[76]. - Fluctuations in raw material prices, particularly for aluminum, electrical components, and hardware, could adversely affect the company's operating costs[78]. - The company has established a comprehensive supplier management system to mitigate risks associated with raw material price volatility and ensure stable supply[78]. Social Responsibility - The company donated CNY 40,000 to support local livelihood projects in Sichuan Ping Shan County during the reporting period[126]. - The company established a "school-enterprise cooperation" mechanism to provide internship opportunities for college students, addressing employment challenges due to lack of practical skills[126]. - The company is committed to enhancing its social responsibility by increasing public welfare investments and supporting community development initiatives[126]. Share Structure and Ownership - The total number of ordinary shares is 129,171,152, with 90,000,000 shares (69.67%) under lock-up conditions and 39,171,152 shares (30.33%) freely tradable[167]. - The top shareholder, Lawson Investment Holdings Co., Ltd., holds 72,000,000 shares, representing 55.74% of total shares[170]. - The company has a total of 13,175 ordinary shareholders as of the end of the reporting period, up from 9,423 at the end of the previous month[168]. - The company has not disclosed any significant related party transactions or major contracts during the reporting period[154]. Audit and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[6]. - The company’s board of directors has not issued a non-standard audit opinion report[149]. - The company has no record of penalties from securities regulatory agencies in the past three years[99]. - The company has not faced any delisting risk or bankruptcy reorganization issues during the reporting period[150].

2021 年第三季度报告 证券代码：605318 证券简称：法狮龙 法狮龙家居建材股份有限公司 2021 年第三季度报告 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。 第三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 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比 上年同期增 | | 年初至报告期 末比上年同期 | | --- | --- | --- | --- | --- | | | | | 年初至报告期末 | | | | | 减变动幅度 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 199,469,300.49 | 76.93 | 437,176,118.51 | 61.53 | | 归属于上市公司股东的 | 12,025,779.02 | 71.09 | 40,377,192.84 | 35.99 | | 净利润 | | | | | | 归属于上市公司股东的 扣除非经常性损益的净 | 11,413,918.25 | 10 ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥237,706,818.02, representing a 50.53% increase compared to ¥157,909,108.14 in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2021 was ¥28,351,413.82, which is a 25.11% increase from ¥22,661,630.45 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was ¥27,327,751.70, up 42.93% from ¥19,119,286.20 in the same period last year[21]. - The total revenue for the first half of 2021 reached ¥237,706,818.02, a 50.5% increase compared to ¥157,909,108.14 in the same period of 2020[108]. - Operating profit for the first half of 2021 was ¥32,104,523.77, up 33.1% from ¥24,117,293.29 in the first half of 2020[109]. - The net profit for the first half of 2021 was ¥28,351,413.82, representing a 25.5% increase from ¥22,661,630.45 in the same period of 2020[109]. - The company’s total comprehensive income for the first half of 2021 was CNY 29,237,865.51, consistent with the net profit reported[112]. - The total comprehensive income for the first half of 2021 was ¥28,351,413.82[123]. Cash Flow and Assets - The net cash flow from operating activities decreased by 29.60%, amounting to ¥15,757,864.72 compared to ¥22,384,800.98 in the previous year[21]. - Cash and cash equivalents at the end of the reporting period amounted to 241.79 million, with restrictions due to guarantees and pledges[47]. - The company reported a significant increase in contract liabilities to CNY 41,643,483.53 from CNY 33,013,031.34, representing a growth of approximately 26.2%[103]. - The company’s cash flow from operating activities decreased by 29.60% to ¥15,757,864.72, primarily due to increased payments for raw materials and employee wages[42]. - The total amount used for share repurchase should not exceed 30% of the net profit attributable to the parent company's shareholders from the previous fiscal year[79]. - The ending balance of cash and cash equivalents as of June 30, 2021, was ¥368,458,785.86, up from ¥170,635,493.56 at the end of the previous year[120]. Market and Business Operations - The company attributed the increase in operating revenue to growth in sales volume[22]. - The main business involves the research, production, and sales of integrated ceilings and walls, with no significant changes since establishment[28]. - The integrated ceiling industry is transitioning to a "top-wall integration" era, expanding product lines to include living room and bedroom applications[35]. - The company has expanded its market from residential to commercial sectors, including hotels and office buildings[35]. - The company operates under a "sales-driven production" model, adjusting production plans based on sales forecasts and historical data[31]. - The company has established a comprehensive procurement, research, production, and sales system to enhance operational efficiency[31]. Research and Development - Research and development expenses increased by 64.60% to ¥8,994,478.13, indicating a focus on innovation[42]. - The company has been recognized as a high-tech enterprise and has a dedicated R&D center for product innovation[38]. Shareholder and Governance - The company appointed a new financial officer, Chen Zhenhua, on June 23, 2021, after the resignation of Wang Qinfeng[59]. - The company did not propose any profit distribution or capital reserve transfer plans for the first half of 2021[60]. - The company has undergone changes in its board of directors, with the election of Zhu Lixiang as an independent director on June 19, 2021[59]. - The total number of ordinary shareholders at the end of the reporting period was 12,524[93]. Social Responsibility - The company has contributed to social employment by hiring over 300 individuals from January to June 2021[62]. - The company donated 200,000 yuan to support local cultural initiatives in Jiaxing on June 1, 2021[63]. - The company has maintained its commitment to social responsibility by donating 20,000 yuan to the Red Cross for assistance programs on May 28, 2021[63]. Risks and Challenges - The company faces risks from intensified market competition and potential declines in profit margins[53]. - The company is focusing on brand marketing and expanding product categories to mitigate risks from the real estate sector[53]. Financial Position - The total assets at the end of the reporting period were ¥1,174,630,790.43, reflecting a 4.79% increase from ¥1,120,948,095.20 at the end of the previous year[21]. - The net assets attributable to shareholders decreased by 1.22%, totaling ¥839,919,516.03 compared to ¥850,319,447.81 at the end of the previous year[21]. - The gross profit margin was impacted by a 53.51% increase in operating costs, which reached ¥165,557,271.44[41]. - The company’s equity decreased slightly to ¥828,775,634.76 from ¥838,289,114.85, a decline of 1.5%[106]. Compliance and Regulations - The company voluntarily accepts supervision from regulatory authorities and the public, committing to legal responsibilities for any violations[85]. - The company has not reported any significant litigation or arbitration matters during the reporting period[86]. - The company has not faced any adverse integrity issues related to its controlling shareholders or actual controllers[86]. Accounting Policies - The company adheres to the accounting standards for enterprises, ensuring that its financial statements reflect a true and complete picture of its financial status and operating results[145]. - The company’s financial statements are prepared based on the assumption of going concern, with no significant doubts regarding its ability to continue operations for the next 12 months[143]. - Revenue is recognized based on the transfer of control of goods or services to customers, either over time or at a point in time[194].

公司代码：605318 公司简称：法狮龙 法狮龙家居建材股份有限公司 2021 年第一季度报告 1 / 21 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 9 | 2021 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 | | 本报告期末 | 上年度末 | 本报告期末比上年度末增 | | | --- | --- | --- | --- | --- | | | | | 减(%) | | | 总资产 | 1,088,003,020.68 | 1,120,948,095.20 | | -2.94 | | 归属于上市公司 | 860,466,573.34 | 850,319,447.81 | | 1.19 | | 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 | -103,191,643.72 | -39,986,572.07 | | 158.07 | | 现金流量净额 | | | | | | | ...

Financial Performance - The company's operating revenue for 2020 was CNY 448,148,002.13, a decrease of 6.64% compared to CNY 480,008,871.27 in 2019[23]. - The net profit attributable to shareholders for 2020 was CNY 64,193,711.08, down 24.19% from CNY 84,671,524.86 in 2019[23]. - The basic earnings per share for 2020 was CNY 0.60, a decrease of 31.03% from CNY 0.87 in 2019[25]. - The weighted average return on equity decreased to 11.14% in 2020, down 11.12 percentage points from 22.26% in 2019[25]. - The company reported a net asset attributable to shareholders of CNY 850,319,447.81 at the end of 2020, which is a 101.13% increase from CNY 422,779,221.48 at the end of 2019[24]. - The company experienced a net loss of CNY 1,527,004.18 from non-recurring gains and losses in 2020[27]. - The total non-recurring gains and losses amounted to CNY 6,568,985.01 in 2020, compared to CNY 11,113,662.85 in 2019[29]. - The company's total operating costs for 2020 were CNY 379,296,071.40, down from CNY 390,834,022.87 in 2019, indicating a reduction of about 2.4%[188]. - The total comprehensive income for 2020 was CNY 57,960,185.86, down from CNY 80,865,464.55 in 2019[192]. Cash Flow and Investments - The cash flow from operating activities increased by 19.72% to CNY 123,920,360.48 in 2020, compared to CNY 103,509,695.10 in 2019[23]. - The company reported a significant decrease in investment cash flow, down 1,123.32% to CNY -444,341,239.33, due to increased purchases of principal-protected financial products[48]. - Total cash inflow from operating activities was CNY 532,966,528.53, a decrease of 2.5% compared to CNY 544,398,277.99 in the previous year[194]. - Cash inflow from investment activities was CNY 85,157,671.95, significantly lower than CNY 433,372,769.03 in the previous year, leading to a net cash outflow of CNY 444,341,239.33[195]. - The parent company reported a net cash outflow from investment activities of CNY 428,505,978.32, a significant decrease from CNY 38,764,578.89 in the previous year[198]. Dividend Policy - The company plans to distribute a cash dividend of 3.00 RMB per 10 shares, totaling 38,751,345.6 RMB, which accounts for 60.37% of the net profit attributable to shareholders for 2020[5]. - The dividend distribution proposal for 2020 has been approved by the company's board and is pending approval from the annual shareholders' meeting[90]. - The company aims to maintain a consistent cash dividend policy, distributing at least 30% of the average distributable profit over the last three years[85]. - The company plans to strengthen product competitiveness by improving quality, functionality, and pricing to meet customer demands[76]. Market Presence and Business Strategy - The company primarily engages in the research, production, and sales of integrated ceilings and walls, with no significant changes in its main business since establishment[32]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[30]. - As of December 31, 2020, the company had 1,401 dealers nationwide, covering major cities and some third and fourth-tier cities[39]. - The company has established a dealer network with 1,153 dealers in third and fourth-tier cities, enhancing its market presence and resilience against real estate regulation risks[41]. - The integrated ceiling industry is expanding into public decoration markets, including hotels, office buildings, hospitals, and shopping malls, increasing market size[37]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[4]. - The company has confirmed that all board members attended the board meeting, ensuring the accuracy and completeness of the annual report[8]. - The company has established internal control systems in compliance with relevant laws and regulations to enhance governance and operational standards[161]. - The audit report confirmed that the financial statements fairly reflect the company's financial position and operating results for the year ended December 31, 2020[171]. - There were no significant lawsuits or arbitration matters during the reporting period[111]. Shareholder Information and Stock Performance - The total number of ordinary shares increased from 96,878,364 to 129,171,152 shares after the IPO on August 3, 2020, with 32,292,788 shares issued, representing 25% of the total share capital[127]. - The largest shareholder, Lawson Dragon Investment Holdings Co., Ltd., held 72,000,000 shares, accounting for 55.74% of the total shares[134]. - The company has a total of 72,000,000 shares held by Fashilong Investment Holdings Co., Ltd., which will be available for trading after August 3, 2023[137]. - The company has committed to publicly disclose reasons for any failure to fulfill commitments made in the prospectus and will compensate investors for losses incurred due to such failures[107]. Employee and Management Information - The total number of employees in the parent company is 524, with a total of 620 employees across the parent company and major subsidiaries[154]. - The company has established a training plan to improve employee skills and align with overall business development needs[156]. - The total pre-tax remuneration for the directors and senior management during the reporting period amounted to 2.61 million yuan[147]. - The management team has extensive experience in the industry, with key members having served in various capacities since 1995[148][149].

Financial Performance - Revenue for the first nine months decreased by 9.41% year-on-year, amounting to CNY 270,645,182.15[7] - Net profit attributable to shareholders decreased by 13.31% year-on-year, totaling CNY 29,690,647.62[7] - Net profit excluding non-recurring gains and losses decreased by 20.55% year-on-year, amounting to CNY 24,822,282.01[8] - Basic and diluted earnings per share decreased by 17.14% year-on-year, standing at CNY 0.29 per share[8] - The weighted average return on equity decreased by 2.75 percentage points to 5.73%[8] - Net profit for the first three quarters of 2020 was CNY 270,645,182.15, down from CNY 298,742,075.24 in the same period of 2019, indicating a decrease of approximately 9.4%[27] - The net profit for Q3 2020 was CNY 7,029,017.17, a decrease of 48.7% from CNY 13,716,433.12 in Q3 2019[30] - The total comprehensive income for Q3 2020 was CNY 7,029,017.17, consistent with the net profit, indicating no significant other comprehensive income items[30] Assets and Liabilities - Total assets increased by 66.50% year-on-year, reaching CNY 1,010,691,492.67[7] - Total assets increased to RMB 1.01 billion from RMB 607.01 million, reflecting growth in both current and non-current assets[20] - Total liabilities increased, with accounts payable rising by 146.71% to RMB 58.03 million from RMB 23.52 million due to increased use of bill settlement[16] - Total liabilities as of September 30, 2020, were CNY 179,885,193.45, up from CNY 165,831,204.64 at the end of 2019, indicating an increase of approximately 8.3%[25] - Total current assets amounted to CNY 389,916,378.49 as of Q3 2020, reflecting a significant liquidity position[44] - Total liabilities reached CNY 184,231,004.32, with current liabilities accounting for CNY 182,910,571.04, highlighting the company's short-term financial obligations[45] Shareholder Information - Net assets attributable to shareholders increased by 92.75% year-on-year, totaling CNY 814,902,414.53[7] - The total number of shareholders reached 16,904 by the end of the reporting period[12] - The largest shareholder, 法狮龙投资控股有限公司, holds 55.74% of the shares, totaling 72,000,000 shares[12] - The total equity attributable to shareholders increased to CNY 806,650,729.65 from CNY 416,982,413.74 at the end of 2019, marking an increase of approximately 93.1%[25] - The total equity attributable to shareholders was CNY 422,779,221.48, demonstrating a solid equity base for future growth[46] Cash Flow - Operating cash flow for the first nine months was CNY 32,905,900.84, a significant increase of 1,365.36% compared to the same period last year[7] - The company reported a net cash inflow from operating activities of RMB 32.91 million, a significant improvement from a net outflow of RMB 2.60 million in the previous year[16] - Cash inflow from operating activities totaled CNY 233,918,024.57 in the first three quarters of 2020, down 24.7% from CNY 310,702,783.50 in 2019[38] - Cash outflow from operating activities decreased to CNY 201,012,123.73 in 2020 from CNY 313,303,295.21 in 2019, indicating a reduction of approximately 35.8%[38] - The company raised CNY 362.53 million through its initial public offering, contributing to a 199.94% increase in cash and cash equivalents[16] - Cash and cash equivalents decreased by 42.64% to RMB 152.68 million from RMB 266.15 million due to increased investment in financial products[15] Inventory and Receivables - Accounts receivable increased by 117.01% to RMB 41.76 million from RMB 19.24 million, driven by increased sales through engineering channels[15] - Inventory rose by 32.06% to RMB 81.69 million from RMB 61.86 million, attributed to orders not yet delivered[15] - Inventory levels stood at CNY 61,855,989.78, which is crucial for assessing operational efficiency and supply chain management[44] Expenses and Costs - The company experienced a 34.14% reduction in selling expenses to RMB 20.67 million due to decreased marketing investments during the pandemic[16] - Total operating costs for Q3 2020 were CNY 103,985,565.28, up from CNY 86,912,907.62 in Q3 2019, reflecting an increase of about 19.6%[27] - The company incurred a financial expense of CNY 792,759.19 in Q3 2020, compared to a financial income of CNY 628,529.20 in Q3 2019, indicating a shift in financial performance[33] Research and Development - The company reported a research and development expense of CNY 4,752,568.40 for Q3 2020, compared to CNY 4,340,783.93 in Q3 2019, reflecting an increase of about 9.5%[27] - Research and development expenses for Q3 2020 were CNY 4,183,163.26, up 24.3% from CNY 3,364,396.28 in Q3 2019, reflecting increased investment in innovation[33] Future Outlook - The company expects to continue focusing on market expansion and new product development in the upcoming quarters[30]