Financial Performance - The company's operating revenue for 2022 was CNY 887,132,358.48, representing a 15.12% increase compared to CNY 770,618,703.50 in 2021[21]. - The net profit attributable to shareholders for 2022 was CNY 137,753,662.46, up 10.59% from CNY 124,561,132.13 in the previous year[21]. - The net profit excluding non-recurring gains and losses was CNY 128,982,200.62, reflecting a 9.05% increase from CNY 118,278,048.82 in 2021[21]. - Cash flow from operating activities decreased by 67.60% to CNY 50,379,506.71 from CNY 155,492,267.08 in 2021[21]. - Total assets at the end of 2022 were CNY 1,096,432,257.55, a 4.55% increase from CNY 1,048,721,709.86 at the end of 2021[21]. - The company's net assets attributable to shareholders increased by 4.49% to CNY 885,233,858.90 from CNY 847,215,935.14 in 2021[21]. - Basic earnings per share decreased by 8.00% to 0.69 yuan per share in 2022[22]. - The weighted average return on equity fell by 6.92 percentage points to 16.06%[22]. - The gross profit margin for operating revenue was 25.31%, with a main business gross profit margin of 24.77%[60]. - The revenue from steam sales reached ¥670,133,277.16, growing by 20.69% year-on-year[64]. - The cost of sales increased to ¥662,624,046.41, a rise of 14.81% from the previous year, primarily due to higher coal procurement costs[57]. Dividends and Shareholder Returns - The board proposed a cash dividend of CNY 6.00 per 10 shares and a capital reserve transfer of 4 shares for every 10 shares held[5]. - The profit distribution plan indicates that the cash dividend accounts for 87.11% of the net profit attributable to ordinary shareholders in the consolidated financial statements[143]. Environmental and Operational Initiatives - The company emphasized low-carbon and clean production, achieving no major environmental pollution incidents in the year[32]. - The average annual consumption of biomass fuel was approximately 140,000 tons, equivalent to saving about 60,000 tons of standard coal[32]. - The company achieved ultra-low emissions for air pollutants, with SO2, NOX, and particulate matter emissions reduced by 50%, 65%, and 50% respectively, complying with national standards[54]. - The company implemented a wastewater treatment system that meets national and local discharge standards, with all wastewater being reused[150]. - The company has established an online monitoring system for boiler flue gas emissions, ensuring real-time compliance with emission standards[154]. - The company invested approximately 22.31 million yuan in environmental protection during the reporting period[148]. - The company achieved 100% compliance in the disposal of general solid waste and hazardous waste[149]. Governance and Compliance - The company has established a governance structure that complies with relevant laws and regulations, ensuring the protection of shareholder rights[111]. - The company held 2 shareholder meetings during the reporting period, ensuring compliance with legal requirements and allowing all shareholders, especially minority shareholders, to exercise their voting rights[112]. - The company maintained independent operations and decision-making capabilities, with no interference from the controlling shareholder during the reporting period[113]. - The company has established information disclosure management systems to ensure accurate and complete information dissemination, with no insider trading incidents reported[117]. - The company has a structured governance framework with specialized committees that enhance operational efficiency and compliance[114]. - The company has not faced any penalties from securities regulatory authorities in the past three years[127]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[196]. - The company has not experienced any major accounting errors that would require correction[198]. Risks and Challenges - The company faces risks from potential changes in industrial policies, particularly regarding the "coal-to-gas" initiative, which could adversely affect its operations if enforced[101]. - The company acknowledges the impact of raw material price fluctuations, particularly for coal and biomass fuels, on its gross profit margin[104]. - The company is actively seeking to develop cogeneration projects outside its current operational area to mitigate risks associated with regional concentration[103]. Research and Development - The company’s R&D expenses surged to ¥10,435,423.10, a significant increase of 749.55% compared to the previous year[58]. - The number of R&D personnel is 47, representing 21.36% of the total workforce[72]. - The company is increasing investment in research and development for biomass cogeneration technology and pollution control technology, focusing on key technologies and processes[99]. Strategic Development - The company aims to transform from a regional cogeneration enterprise to a green and intelligent energy enterprise with significant influence in Zhejiang Province and nationwide, continuously creating value for investors[97]. - The company plans to enhance its operational management through market expansion, talent development, internal control improvement, and mergers and acquisitions to achieve high-quality growth[98]. - The company is committed to integrating new information technologies such as big data and cloud computing to enhance operational efficiency and reduce maintenance costs[95]. Community Engagement - The company made a total of 612,000 yuan in donations for public welfare projects, including support for rural revitalization[159]. - The company contributed 401,700 yuan towards poverty alleviation and rural revitalization projects, including a donation of 170,000 yuan to Xinjiang Zuosheng Agricultural Development Co., Ltd.[159].

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： http://roadshow.sseinfo.com/） 证券代码：605580 证券简称：恒盛能源 公告编号：2023-001 恒盛能源股份有限公司 关于召开 2022 年度业绩说明会的公告 （三）会议召开方式：上证路演中心网络互动 三、参加人员 总经理：余恒先生 董事会秘书：徐洁芬女士 财务总监：项红日先生 独立董事：于友达先生 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 03 月 29 日(星期三)至 04 月 04 日(星期二)16:00 前登录 上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 zjhxxujf@163.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行 回答。 恒盛能源股份有限公司（以下简称"公司"）将于 2023 年 03 月 30 日发布公 司2022年度报告，为便于广大投资者更全面深入地了解公司2022年度经营成果、 财务状况，公司计划于 2023 年 04 月 06 日下午 13:00 ...

Financial Performance - The company's operating revenue for Q3 2022 was CNY 189,375,186.99, representing a year-on-year increase of 14.05%[4] - The net profit attributable to shareholders for Q3 2022 was CNY 23,917,381.85, a decrease of 5.24% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 23,675,797.59, an increase of 6.36% year-on-year[4] - Basic earnings per share for Q3 2022 were CNY 0.12, down 20.00% from the previous year[5] - The weighted average return on equity was 2.88%, a decrease of 1.65 percentage points compared to the previous year[5] - The net profit for Q3 2022 was CNY 95,490,917.27, an increase of 6.4% compared to CNY 89,918,720.27 in Q3 2021[18] - The total profit for Q3 2022 reached CNY 124,940,400.76, up from CNY 119,077,860.00 in the same period last year, reflecting a growth of 4.8%[18] - Operating profit for Q3 2022 was CNY 125,120,330.08, compared to CNY 118,061,193.72 in Q3 2021, indicating a rise of 5.5%[18] - The basic and diluted earnings per share for Q3 2022 were both CNY 0.48, compared to CNY 0.58 in Q3 2021[19] - The company’s total comprehensive income for Q3 2022 was CNY 95,490,917.27, up from CNY 89,918,720.27 in Q3 2021[19] Cash Flow and Assets - The cash flow from operating activities for the year-to-date period decreased by 58.84%, totaling CNY 31,631,595.22[8] - Cash flow from operating activities for the first three quarters of 2022 was CNY 31,631,595.22, down from CNY 76,850,022.04 in the same period of 2021[21] - Cash flow from investing activities generated a net inflow of CNY 181,242,937.17 in the first three quarters of 2022, compared to a net outflow of CNY 130,521,329.17 in the previous year[21] - The company's cash and cash equivalents as of September 30, 2022, amounted to ¥197,742,750.75, compared to ¥90,230,522.61 at the end of 2021[13] - The total cash and cash equivalents at the end of Q3 2022 amounted to CNY 197,242,750.75, an increase from CNY 178,210,923.56 at the end of Q3 2021[22] Costs and Expenses - The company experienced an increase in costs due to higher payments for raw materials and taxes, impacting cash flow[8] - Total operating costs for the first three quarters of 2022 were ¥482,276,372.92, up 22.2% from ¥394,479,558.10 in 2021[17] - Research and development expenses for the first three quarters of 2022 were ¥7,917,633.94, indicating ongoing investment in innovation[17] - The company incurred credit impairment losses of CNY -5,251,235.70 in Q3 2022, compared to CNY -3,981,857.63 in Q3 2021[18] Assets and Liabilities - Total assets at the end of Q3 2022 were CNY 953,630,862.78, a decrease of 9.07% from the end of the previous year[5] - Total assets decreased to ¥953,630,862.78 as of September 30, 2022, from ¥1,048,721,709.86 at the end of 2021[16] - Total liabilities decreased to ¥110,924,010.37 from ¥201,505,774.72 in the previous year[15] - The company reported a decrease in accounts receivable to ¥162,469,445.61 from ¥194,242,729.94 year-over-year[13] - The company’s inventory as of September 30, 2022, was ¥27,557,833.71, down from ¥31,244,921.14 in the previous year[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,324[10] - The company reported a total of CNY 241,584.26 in non-recurring gains for the current period[7] Revenue Overview - Total revenue for the first three quarters of 2022 reached ¥621,129,110.48, an increase of 22.2% compared to ¥507,931,792.99 in the same period of 2021[17] - Operating income for the first three quarters of 2022 was ¥621,129,110.48, with a gross profit margin of approximately 22.4%[17] - The company reported cash received from sales and services of CNY 625,748,460.12 for the first three quarters of 2022, a significant increase from CNY 446,596,303.70 in the same period of 2021[20]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥431,753,923.49, representing a 26.28% increase compared to ¥341,888,613.32 in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2022 was ¥71,573,535.42, which is a 10.66% increase from ¥64,677,476.57 in the previous year[20]. - Basic earnings per share for the first half of 2022 were ¥0.36, down 16.28% from ¥0.43 in the same period last year[21]. - The company achieved operating revenue of 432 million RMB, an increase of 26.28% year-on-year[33]. - Net profit attributable to shareholders reached 71.57 million RMB, up 10.66% compared to the previous year[33]. - The company reported a total comprehensive income of 71,573,535.42 RMB for the period[152]. - The total comprehensive income for the period amounted to ¥64,677,476.57[154]. Cash Flow and Assets - The net cash flow from operating activities was negative at -¥28,619,863.52, compared to a positive cash flow of ¥66,053,563.59 in the same period last year[20]. - The company reported a significant increase in cash and cash equivalents, totaling 135.56 million RMB, which is 50.23% higher than the previous year[37]. - The company's current assets totaled CNY 555,722,702.96, slightly down from CNY 559,351,552.32, indicating a decrease of about 0.5%[127]. - Cash and cash equivalents increased to CNY 135,555,608.53 from CNY 90,230,522.61, representing a growth of approximately 50%[127]. - The ending balance of cash and cash equivalents was 123,188,393.79 RMB, compared to 21,063,744.30 RMB at the end of the previous period[149]. Investment and Costs - Operating costs increased by 27.66% to 309 million RMB, primarily due to rising coal procurement prices[34]. - The company reported a total investment income of 3,619,734.50, with a tax impact of 1,265,352.89[23]. - The company incurred financial expenses of ¥-324.42 thousand in the first half of 2022, a decrease from ¥2.94 million in the first half of 2021[140]. - Total operating costs amounted to ¥323,933,030.31, up 26.3% from ¥256,601,648.91 year-on-year[136]. Environmental and Operational Efficiency - The company has achieved significant emissions reductions, with SO2, NOX, and particulate matter emissions reduced by 50%, 65%, and 50% respectively, meeting stringent environmental standards[30]. - The company has implemented a smart power plant platform for real-time monitoring of equipment and production indicators, enhancing operational efficiency[30]. - The company has implemented measures to ensure 100% compliance in the disposal of general and hazardous waste, with all pollution sources equipped with treatment facilities[62]. - The company has successfully implemented measures to prevent and control environmental incidents, with an emergency response plan in place[65]. Shareholder and Governance - The controlling shareholders have committed to a voluntary lock-up period of 36 months from the date of the company's stock listing, during which they will not transfer or manage their shares[76]. - The company will ensure compliance with the stabilization plan and accept supervision from regulatory bodies and investors[85]. - The company commits to ensuring that its prospectus and related documents are true, accurate, and complete, with no false records or misleading statements[101]. - The integrity status of the company and its controlling shareholders is good during the reporting period[111]. Risks and Challenges - The company faces risks related to fluctuations in coal and biomass fuel prices, which significantly impact the overall gross profit margin[50]. - The company is subject to potential operational risks due to its concentrated business in a specific region, limiting its market reach[49]. - The company is exposed to risks from changes in tax incentive policies, particularly the VAT refund policy that could affect profitability[51]. - The company is required to adapt its management practices to accommodate rapid scale expansion, which poses a risk to its operational efficiency[53]. Research and Development - Research and development expenses amounted to 4.5 million RMB, indicating an increase compared to the previous year[34]. - The company invested ¥4,500,185.47 in research and development expenses during the first half of 2022[136]. - Research and development expenses for the first half of 2022 were reported at ¥2.31 million, reflecting the company's commitment to innovation[140].

Financial Performance - The company's operating revenue for Q1 2022 was ¥189,339,812.37, representing a year-on-year increase of 9.50%[4] - The net profit attributable to shareholders was ¥40,567,101.99, reflecting a growth of 27.39% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥39,081,076.59, up by 24.01% year-on-year[4] - Total operating revenue for Q1 2022 was CNY 189,339,812.37, an increase of 9.1% compared to CNY 172,912,617.31 in Q1 2021[17] - Net profit for Q1 2022 reached CNY 40,567,101.99, representing a 27.3% increase from CNY 31,845,091.74 in Q1 2021[18] - Earnings per share for Q1 2022 were CNY 0.20, slightly down from CNY 0.21 in Q1 2021[19] Cash Flow - The net cash flow from operating activities was -¥12,581,105.81, a decrease of 134.45% compared to the previous year[4] - Cash inflow from operating activities in Q1 2022 was $199,347,216.89, a 55.1% increase from $128,454,798.76 in Q1 2021[20] - Cash outflow from operating activities in Q1 2022 was $211,928,322.70, compared to $91,935,539.77 in Q1 2021, resulting in a net cash flow from operating activities of -$12,581,105.81[20] - The net increase in cash and cash equivalents for Q1 2022 was $156,858,597.50, compared to $22,384,530.32 in Q1 2021[21] - The ending balance of cash and cash equivalents for Q1 2022 was $247,089,120.11, significantly higher than $55,105,018.41 in Q1 2021[21] - The company reported a significant increase in cash received from sales of goods and services, amounting to $194,116,587.57 in Q1 2022, compared to $124,047,048.78 in Q1 2021, reflecting a growth of 56.4%[20] - The company paid $170,345,616.81 for goods and services in Q1 2022, which is a substantial increase from $69,665,872.92 in Q1 2021[20] - The company received $1,629,885.33 in tax refunds in Q1 2022, up from $1,363,324.63 in Q1 2021[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,016,971,028.14, a decrease of 3.03% from the end of the previous year[4] - Total assets as of the end of Q1 2022 amounted to CNY 1,016,971,028.14, a decrease from CNY 1,048,721,709.86 at the end of Q1 2021[15] - Total liabilities for Q1 2022 were CNY 129,187,991.01, down from CNY 201,505,774.72 in Q1 2021[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,775[8] - The top shareholder, Yu Guoxu, holds 31.81% of the shares, followed by Du Shunxian with 20.83%[8] Research and Development - Research and development expenses for Q1 2022 were CNY 1,416,780.62, reflecting the company's commitment to innovation[17] Financial Management - The company reported a financial income of CNY 502,074.67 in Q1 2022, compared to CNY 58,346.14 in Q1 2021, indicating better financial management[17] - The company's cash flow from operating activities showed a positive trend, indicating improved liquidity management[19] Future Plans - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[19] Subsidiary Establishment - The company established a wholly-owned subsidiary, Zhejiang Hehua Environmental Technology Co., Ltd., during the reporting period[10] Product Launches and Market Strategies - The company did not report any new product launches or market expansion strategies during the conference call[22]

Financial Performance - The company's operating revenue for 2021 was CNY 770,618,703.50, representing a 46.28% increase compared to CNY 526,804,519.43 in 2020[20] - The net profit attributable to shareholders for 2021 was CNY 124,561,132.13, a 14.05% increase from CNY 109,213,456.18 in the previous year[20] - The net profit after deducting non-recurring gains and losses was CNY 118,278,048.82, reflecting a 15.52% increase from CNY 102,386,021.27 in 2020[20] - The net cash flow from operating activities for 2021 was CNY 155,492,267.08, up 49.16% from CNY 104,246,066.06 in 2020[20] - The total assets at the end of 2021 were CNY 1,048,721,709.86, a 51.39% increase from CNY 692,732,034.66 at the end of 2020[20] - The net assets attributable to shareholders increased by 136.39% to CNY 847,215,935.14 from CNY 358,404,803.01 in 2020[20] - The company reported a basic earnings per share of RMB 0.75, an increase of 2.74% from the previous year[21] - The weighted average return on equity decreased to 22.98%, down 10.11 percentage points from the previous year[21] - The gross profit margin for main business was 24.49%, with main business revenue increasing by 45.92%[64] - The cost of sales rose to ¥577,128,749.72, a 58.00% increase year-on-year, primarily due to rising raw material prices[62] Operational Efficiency - The company implemented a smart power plant platform for real-time monitoring of equipment and production indicators, enhancing service quality[32] - The company maintained zero safety incidents throughout the year, achieving its production and operational goals[29] - The company has implemented energy efficiency management measures, resulting in a significant reduction in energy consumption and operating costs, with a notable decrease in energy consumption indicators throughout the year[33] - The company has established a prepayment system for steam sales, actively promoting this payment method among customers[48] - The company has implemented a biomass raw material management system and a prepaid steam purchase system to enhance operational efficiency[58] - The management team has focused on advanced management practices to improve operational efficiency and cost control[58] Environmental Impact - The company achieved ultra-low emissions for air pollutants, reducing SO2, NOX, and particulate matter emissions by 50%, 65%, and 50% respectively, significantly improving air quality in the Longyou region[56] - The company consumes approximately 140,000 tons of biomass fuel annually, equivalent to saving about 60,000 tons of standard coal, which greatly reduces pollutant emissions[56] - The company has a comprehensive environmental management system in place, including various waste management protocols[149] - The company has achieved 100% compliance in the disposal of general and hazardous waste, with all pollution sources equipped with treatment facilities[142] - The company’s wastewater treatment meets national and local discharge standards, with all wastewater being treated and reused without external discharge[143] - The company has maintained a stable and continuous operation of pollution prevention facilities, with no incidents of exceeding discharge limits during the reporting period[143] Market Position and Strategy - The company operates in the "Electricity, Heat Production and Supply" industry, specifically in "Combined Heat and Power" (CHP), which is recognized for its energy-saving benefits[35] - The company primarily engages in the combined heat and power business, supplying steam and electricity to various industries, including paper, textiles, and food processing[43] - The operational model is based on "heat determines electricity," ensuring that heating demands are prioritized in the generation of electricity[44] - The company has a strong regional monopoly as the only centralized heating provider in the northern area of Longyou Economic Development Zone, with stable long-term relationships with major clients[51] - The company is focusing on technology research and development, including a plan to independently modify a boiler to co-fire non-coal fuels, aiming to reduce coal usage[34] Risks and Challenges - The company faces risks related to the fluctuation of coal and biomass fuel prices, which significantly impact its overall gross margin[96] - The company is exposed to risks from concentrated operational regions, as its cogeneration business is primarily located within a specific area[94] - The company may face challenges in talent acquisition and retention as its asset and business scale increase significantly[97] - Changes in tax incentive policies could adversely affect the company's profitability if the VAT refund policy is altered[98] - The company’s management may struggle to adapt to rapid scale expansion, potentially weakening its market competitiveness[101] Governance and Compliance - The company has implemented strict information disclosure management systems to ensure the accuracy and completeness of information, with no insider trading incidents reported during the reporting period[110] - The company has not faced any penalties from securities regulatory authorities in the past three years[120] - The company has not reported any significant differences in governance compared to regulatory requirements, ensuring compliance with legal standards[110] - The company has established a dedicated board secretary to manage information disclosure and shareholder inquiries[110] - The company continues to follow the Shanghai Stock Exchange's listing rules and its own articles of association in its operations[110] Employee Management - The company has a total of 215 employees, with 146 in the parent company and 69 in major subsidiaries[128] - The employee composition includes 120 production personnel, 36 technical personnel, 8 financial personnel, and 51 administrative personnel[128] - The company has established a salary management system that includes basic salary, performance salary, overtime pay, seniority allowance, and attendance bonuses[129] - The company provides both statutory benefits and special benefits, including social insurance and holiday welfare[129] - The company has implemented a comprehensive training program to enhance employee skills and competencies, focusing on both internal and external training[131] Shareholder Commitments - The controlling shareholders have committed to a voluntary lock-up period of 36 months from the date of the company's stock listing, during which they will not transfer or manage their shares[158] - If the stock price falls below the IPO price for 20 consecutive trading days within 6 months post-listing, the lock-up period will automatically extend by 6 months, totaling 42 months[161] - The company will ensure compliance with the stabilization commitments and accept supervision from regulatory bodies and investors[166] - The lock-up commitments also apply to close relatives of the controlling shareholders, ensuring a consistent approach to share management[162] - The company commits to implementing stock price stabilization measures if the stock price falls below the audited net asset value per share for 20 consecutive trading days within three years post-IPO[169]

Financial Performance - The company's operating revenue for Q3 2021 was ¥166,043,179.67, representing a year-on-year increase of 28.62%[4] - The net profit attributable to shareholders for the same period was ¥25,241,243.70, showing a decrease of 21.23% compared to the previous year[4] - The net profit after deducting non-recurring gains and losses was ¥22,260,872.23, down 25.85% year-on-year[4] - Total revenue for the first three quarters of 2021 reached ¥507,931,792.99, a 40% increase compared to ¥362,586,903.33 in the same period of 2020[18] - Net profit for the first three quarters of 2021 was ¥89,918,720.27, compared to ¥78,652,653.09 in the previous year, reflecting a growth of approximately 14.4%[20] - Total revenue for the first three quarters of 2021 reached ¥446,596,303.70, a significant increase from ¥296,005,499.94 in the same period of 2020, representing a growth of approximately 50.9%[22] Assets and Equity - The total assets at the end of the reporting period reached ¥931,484,895.54, an increase of 34.47% compared to the end of the previous year[5] - The equity attributable to shareholders increased by 126.72% year-on-year, amounting to ¥812,573,523.28[5] - Total assets as of September 30, 2021, were ¥931,484,895.54, an increase from ¥692,732,034.66 at the end of 2020[16] - Current assets increased significantly to ¥467,840,188.59 from ¥200,439,235.67 at the end of 2020[16] - The company's equity attributable to shareholders increased to ¥812,573,523.28 from ¥358,404,803.01, indicating strong growth in shareholder value[16] Earnings and Returns - The basic earnings per share for Q3 2021 was ¥0.15, a decrease of 28.57% compared to the same period last year[5] - The company reported a basic and diluted earnings per share of ¥0.58 for Q3 2021, compared to ¥0.52 in Q3 2020, reflecting an increase of 11.5%[21] - The weighted average return on equity decreased by 55.91% to 4.53%[5] Cash Flow - The cash flow from operating activities for the year-to-date period was ¥76,850,022.04, down 40.09% year-on-year[4] - Net cash flow from operating activities for the first three quarters of 2021 was ¥76,850,022.04, down from ¥128,274,963.78 in the previous year[23] - Cash inflows from operating activities totaled ¥459,086,982.88, compared to ¥308,308,643.80 in the same period of 2020, showing a growth of approximately 48.9%[22] - Total cash outflows from operating activities were ¥382,236,960.84, up from ¥180,033,680.02 in the previous year, indicating increased operational expenditures[22] - The company reported cash outflows for investment activities of ¥132,265,857.17, compared to ¥56,209,093.70 in the same period of 2020, reflecting increased investment activities[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 25,521[10] - The company successfully completed its initial public offering, raising a total of ¥419 million, with a net amount of ¥364.25 million after expenses[12] Financial Management - The company reported a decrease in financial expenses to ¥4,185,541.73 from ¥8,210,837.15, reflecting improved cost management[19] - The company's cash and cash equivalents rose to ¥178,210,923.56 from ¥32,720,488.09, showing a substantial increase in liquidity[15] - Current liabilities decreased to ¥107,529,854.71 from ¥321,779,625.78, indicating improved liquidity[16] - Cash and cash equivalents at the end of Q3 2021 totaled ¥178,210,923.56, up from ¥28,239,786.22 at the end of Q3 2020, indicating a substantial increase in liquidity[23] Research and Development - The company’s research and development expenses were not explicitly detailed but are part of the overall operating costs, indicating ongoing investment in innovation[19]