Financial Performance - Operating income for the first quarter reached CNY 380,597,510.22, a 64.94% increase year-on-year[5] - Net profit attributable to shareholders was CNY 120,781,379.74, reflecting a 42.04% growth compared to the same period last year[4] - Basic earnings per share rose by 42.02% to CNY 0.2714 compared to the same period last year[4] - The company reported a net profit excluding non-recurring gains and losses of CNY 118,077,203.81, a 44.70% increase year-on-year[4] - Total revenue for Q1 2021 reached RMB 380,597,510.22, a 64.94% increase compared to RMB 230,744,131.53 in Q1 2020[12] - Net profit for Q1 2021 was ¥120,482,784.53, representing a 41.6% increase from ¥85,062,952.74 in Q1 2020[26] - The total comprehensive income for Q1 2021 was ¥120,482,784.53, up from ¥85,062,952.74 in Q1 2020, indicating a growth of 41.6%[26] Revenue and Sales - Revenue from civilian products reached CNY 30,990,100, accounting for 82.30% of total operating income, up 77.83% year-on-year[5] - Domestic revenue increased by 31.60% to CNY 22,810,800, while overseas revenue surged by 167.11% to CNY 14,842,290[5] - Total revenue from sales of goods and services was CNY 350,102,425.78, compared to CNY 253,117,405.94 in Q1 2020, marking a growth of 38.3%[30] Cash Flow - Cash flow from operating activities surged by 196.09% to CNY 60,999,162.07 compared to the previous year[4] - Total cash inflow from operating activities was CNY 383,318,436.58, an increase of 43.1% compared to CNY 267,846,813.88 in Q1 2020[30] - The net cash flow from operating activities was CNY 60,999,162.07, significantly up from CNY 20,601,285.99 in Q1 2020[30] - Cash flow from investment activities showed a net outflow of CNY 428,309,262.34, compared to a net outflow of CNY 76,425,063.21 in the previous year[31] Assets and Liabilities - Total assets increased by 4.60% to CNY 3,707,574,323.56 compared to the end of the previous year[4] - Total liabilities decreased slightly to CNY 609,718,381.64 from CNY 614,810,188.85, a decline of approximately 0.2%[18] - Shareholders' equity increased to CNY 3,097,855,941.92 from CNY 2,929,765,403.89, representing a growth of about 5.7%[19] - Current assets totaled CNY 2,633,173,725.98, compared to CNY 2,553,840,558.36, reflecting an increase of about 3.1%[17] Research and Development - Research and development expenses accounted for 16.65% of operating income, an increase of 4.06 percentage points year-on-year[5] - R&D expenses rose to ¥29,039,927.82, an increase of 118.23%, reflecting continued investment in research and development[13] - Research and development expenses in Q1 2021 totaled ¥63,373,155.41, which is a 118.5% increase from ¥29,039,927.82 in Q1 2020[25] Financial Management - The weighted average return on net assets increased by 0.47 percentage points to 4.04%[4] - The company incurred a financial expense of CNY -2,358,256.42 in Q1 2021, an improvement from CNY -5,279,772.15 in Q1 2020, indicating better financial management[28] - The company reported an increase in investment income of ¥1,156,337.19, up 97.68% due to higher returns from joint ventures[13] Inventory and Receivables - Accounts receivable increased by 14.80% to RMB 370,165,850.56, attributed to higher sales volume during the reporting period[11] - Inventory levels rose by 15.77% to RMB 825,701,243.85, driven by increased production and raw material stocking[11] Tax and Other Expenses - The company reported a 38.30% increase in taxes payable, amounting to RMB 20,559,480.20, due to accrued corporate income tax[12] - The company’s income tax expense was ¥11,633,034.53, an increase of 34.14% due to higher total profits[13] - Other income decreased to ¥3,426,013.55, down 23.09% primarily due to reduced government subsidies recognized in the current period[13]

Financial Performance - Net profit attributable to shareholders was ¥464,775,049.96, representing a significant increase of 359.43% year-on-year[5]. - Operating revenue for the first nine months was ¥1,077,579,530.46, up 167.89% from the same period last year[5]. - Basic earnings per share increased to ¥1.0444, reflecting a growth of 311.18% year-on-year[7]. - The return on weighted average net assets rose to 18.10%, an increase of 10.37 percentage points compared to the previous year[7]. - The company reported a net profit of RMB 758,485,907.67, a 141.42% increase from RMB 314,180,857.72 in the previous year[15]. - The net profit for the third quarter was 465.02 million RMB, an increase of 359.59% compared to the same period last year[16]. - The net profit for Q3 2020 was ¥156,546,454.95, compared to ¥36,480,898.08 in Q3 2019, marking an increase of about 328.5%[29]. - The total profit for Q3 2020 was ¥93,809,070.10, compared to ¥23,471,576.34 in Q3 2019, representing an increase of 299.5%[34]. Revenue and Sales - The company's operating revenue for the first nine months of 2020 reached RMB 1,077,579,530.46, a 167.89% increase compared to RMB 402,242,654.28 in the same period of 2019[15]. - The sales revenue from temperature measurement-related products reached 296.84 million RMB, a staggering increase of 12,100% year-on-year[16]. - Domestic and overseas main business revenues were 690.55 million RMB and 379.12 million RMB, with growth rates of 155.02% and 191.34% respectively[16]. - The sales revenue from civilian products reached 789.75 million RMB, accounting for 73.83% of total operating income, with a growth of 156.17% year-on-year[16]. - Total operating revenue for Q3 2020 reached ¥384,394,373.20, a significant increase from ¥148,198,492.11 in Q3 2019, representing a growth of approximately 159.5%[28]. - The company's operating revenue for Q3 2020 reached ¥140,785,282.04, a significant increase of 160.8% compared to ¥53,875,666.07 in Q3 2019[32]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,281,079,251.71, an increase of 28.96% compared to the end of the previous year[5]. - Total liabilities reached CNY 493,962,127.79, compared to CNY 201,695,747.53, indicating an increase of about 145%[23]. - Current assets totaled CNY 2,498,460,722.52, compared to CNY 2,070,425,102.05, reflecting an increase of about 21%[22]. - Non-current assets amounted to CNY 782,618,529.19, an increase from CNY 473,839,574.85, which is a growth of around 65%[22]. - The total assets of the company as of the end of Q3 2020 were ¥2,545,769,477.30, compared to ¥2,279,365,481.03 at the end of Q3 2019, indicating an increase of about 11.7%[27]. - Total liabilities amounted to ¥201,695,747.53, with non-current liabilities at ¥66,748,937.24 and current liabilities at ¥134,946,810.29[43]. Cash Flow - The net cash flow from operating activities for the first nine months was ¥25,615,994.70, a 72.22% increase compared to the previous year[5]. - Cash flow from operating activities increased by 72.22% to 256.16 million RMB compared to the same period last year[17]. - The company reported a significant decrease in cash flow from investing activities, improving from -1,464.00 million RMB to -305.17 million RMB, a change of 79.16%[17]. - The company’s cash flow from financing activities decreased by 97.59% to 27.31 million RMB, primarily due to the previous year's fundraising activities[18]. - The cash flow from operating activities for the first three quarters of 2020 was ¥927,180,176.67, compared to ¥340,250,505.47 in the same period of 2019, indicating a growth of 172.5%[36]. - The company reported a net cash flow from operating activities of ¥25,615,994.70 for Q3 2020, compared to ¥14,873,627.29 in Q3 2019, an increase of 72.5%[37]. Research and Development - Research and development expenses accounted for 11.59% of operating revenue, a decrease of 6.20 percentage points from the previous year[7]. - Research and development expenses increased by 74.50% to RMB 124,844,807.02 from RMB 71,545,232.66, reflecting the company's commitment to R&D[15]. - Research and development expenses in Q3 2020 amounted to ¥55,570,875.53, up from ¥24,128,728.21 in Q3 2019, reflecting a growth of approximately 130.5%[29]. - Research and development expenses increased to ¥15,391,223.25 in Q3 2020, up from ¥9,525,644.29 in Q3 2019, marking a rise of 61.5%[32]. Shareholder Information - The total number of shareholders at the end of the reporting period was 14,721, with the largest shareholder holding 15.37% of the shares[11]. - The company is actively pursuing stock incentive plans to enhance employee motivation and align interests with shareholders[19]. - Shareholders' equity rose to CNY 2,787,117,123.92 from CNY 2,342,568,929.37, reflecting an increase of approximately 19%[24]. - Total equity attributable to shareholders reached ¥2,341,978,767.07, with retained earnings of ¥314,180,857.72 and surplus reserves of ¥22,059,980.65[44].

证券代码：688002 证券简称：睿创微纳 公告编号：2020-043 烟台睿创微纳技术股份有限公司 关于参加山东辖区上市公司 2020年度投资者网上集体接待日活动的公告 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、准确性和完整性依法承担法律责任。 为进一步加强与投资者的互动交流，使广大投资者能更深入全面地了解公司情 况，烟台睿创微纳技术股份有限公司（以下简称"公司"）将参加由中国证券监督管 理委员会山东监管局、山东上市公司协会与深圳市全景网络有限公司联合举办的"山 东辖区上市公司2020年度投资者网上集体接待日"活动，现将有关事项公告如下： 本次投资者网上集体接待日活动将通过深圳市全景网络有限公司提供的互联网 平台，采用网络远程的方式举行。投资者可以登录"全景 •路演天下"网站 （http://rs.p5w.net/）参与公司本次投资者网上集体接待日活动；活动时间为 2020年9月29日（星期二）15:00-16:55。 届时公司董事、副总经理、董事会秘书兼财务总监赵芳彦先生及证券事务工作 人员将通过网络文字形式与投资者进行交流与沟通，欢迎广大投资者 ...

Financial Performance - The company reported a significant increase in revenue for the first half of 2020, with a year-on-year growth of 25%[1]. - The company's operating revenue for the first half of 2020 reached ¥693,185,157.26, representing a 172.86% increase compared to ¥254,044,162.17 in the same period last year[12]. - The net profit attributable to shareholders of the listed company was ¥308,380,179.19, a significant increase of 376.70% from ¥64,689,947.45 in the previous year[12]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥291,761,947.96, up 502.17% from ¥48,452,156.56 year-on-year[12]. - The net cash flow generated from operating activities was ¥87,491,865.77, showing a remarkable increase of 1,471.93% compared to ¥5,565,878.95 in the same period last year[12]. - Basic earnings per share increased by 312.50% to CNY 0.6930 compared to the same period last year[13]. - Operating profit for the same period reached 353.66 million yuan, an increase of 440.16% compared to the previous year[41]. - The total comprehensive income attributable to the parent company for the first half of 2020 was ¥308,380,179.19, compared to ¥64,689,947.45 in the same period of 2019, reflecting an increase of approximately 376.5%[159]. Market Expansion and Product Development - The company is expanding its market presence, targeting new regions with a planned investment of 50 million RMB in marketing efforts[1]. - New product development includes the launch of a cutting-edge sensor technology expected to enhance market competitiveness[1]. - The company plans to expand its market presence through new product launches and technological advancements in infrared imaging technology[6]. - The company has successfully launched a series of products, including the MicroⅢ series and the C200H handheld infrared thermometer, during the reporting period[25]. - The company has developed a series of high-performance infrared imaging products, achieving a production capacity that meets international standards[32]. - The company has launched a new series of consumer-grade infrared thermal imaging products, expanding its market share in the consumer sector[33]. Research and Development - The company is focused on the development of infrared MEMS chips and sensors, which are critical for its product offerings in the infrared imaging market[6]. - The total R&D investment for the period amounted to 69,273,931.49 yuan, representing 9.99% of the company's revenue[27]. - R&D expenditure as a percentage of operating income decreased by 8.67 percentage points to 9.99%[13]. - The company has developed 50 new patents related to infrared imaging sensor materials and processing techniques during the reporting period[25]. - The company has advanced capabilities in integrated circuit design, sensor design, and system integration, supporting its product development and manufacturing[17]. - The company is committed to enhancing its production capabilities and efficiency through the adoption of advanced manufacturing technologies such as SMT (Surface Mount Technology)[7]. Financial Position and Assets - Total assets increased by 21.22% to ¥3,084,075,591.31 from ¥2,544,264,676.90 at the end of the previous year[12]. - The net assets attributable to shareholders at the end of the reporting period were ¥2,629,888,946.26, reflecting a 12.29% increase from ¥2,341,978,767.07 at the end of the previous year[12]. - The company's cash and cash equivalents decreased by 6.59% compared to the beginning of the year, primarily due to increased production and R&D investments[36]. - Accounts receivable increased by 120.47% compared to the beginning of the year, driven by revenue growth[36]. - Inventory grew by 78.42% compared to the beginning of the year, reflecting increased production and raw material stocking[36]. Risk Management and Compliance - The company has identified potential risks in the supply chain and is implementing measures to mitigate these risks[1]. - The company is committed to maintaining transparency and accuracy in financial reporting, as emphasized in the board's statement[1]. - The company maintains a commitment to transparency and compliance with regulatory requirements[63]. - The company has not reported any major contracts or performance issues during the reporting period[125]. - The company strictly complies with national environmental protection laws and regulations, ensuring its operations meet relevant standards[127]. Shareholder Commitments and Governance - The commitments made by the actual controller and shareholders are being fulfilled in a timely and strict manner[64]. - The company reported a commitment from the controlling shareholder, Ma Hong, to not transfer or entrust the management of shares held prior to the IPO for 36 months from the date of listing[69]. - The controlling shareholder, Ma Hong, guaranteed that there would be no fraudulent issuance of shares during the public offering and listing process[75]. - Shareholders committed to not transferring or managing their shares for 12 to 36 months post-listing, ensuring stability in shareholding[101][102][103][104][105]. Future Outlook - Future outlook remains positive, with management expressing confidence in achieving long-term growth targets[1]. - The company plans to continue expanding its market presence and investing in new product development to drive future growth[176]. - The company anticipates potential fluctuations in net profit for the upcoming reporting period compared to the previous year[60]. - The company is expected to explore further opportunities for market expansion and product development in the future[132].

Financial Performance - Operating income reached CNY 230,744,131.53, a 129.54% increase year-over-year [5] - Net profit attributable to shareholders surged by 265.87% to CNY 85,030,723.42 compared to the same period last year [5] - The company reported a net profit of ¥257,612,051.36 for Q1 2020, up from ¥198,539,825.88 in Q1 2019, which is an increase of approximately 30% [20] - The basic and diluted earnings per share for Q1 2020 were both ¥0.1911, compared to ¥0.0604 in Q1 2019, reflecting a growth of 216.4% [24] - Operating profit for Q1 2020 was ¥96,301,816.14, compared to ¥24,019,369.59 in Q1 2019, reflecting a growth of approximately 301% [21] Revenue and Sales - Revenue from civilian products accounted for 76.32% of total sales, growing by 125.47% year-over-year [5] - Sales related to temperature measurement products reached CNY 67,195,000, representing 29.12% of total revenue and a 137-fold increase compared to last year [5] - Total revenue for Q1 2020 reached ¥230,744,131.53, a significant increase from ¥100,525,120.88 in Q1 2019, representing a growth of approximately 129% [21] - The company's total revenue for Q1 2020 was approximately ¥99.26 million, a significant increase of 115.5% compared to ¥46.04 million in Q1 2019 [23] Cash Flow - The company generated a net cash flow from operating activities of CNY 20,601,285.99, a significant recovery from a negative cash flow of CNY -31,433,625.14 in the previous year [4] - The net cash flow from operating activities for Q1 2020 was ¥20,601,285.99, a significant improvement from the negative cash flow of ¥31,433,625.14 in Q1 2019 [14] - Operating cash inflow totaled CNY 267.85 million, a significant increase from CNY 98.30 million in the previous year [26] - Cash flow from financing activities resulted in a net inflow of CNY 49.88 million, compared to CNY 1.09 million last year [27] Assets and Liabilities - Total assets increased by 8.63% to CNY 2,763,881,207.17 compared to the end of the previous year [4] - Accounts receivable increased by 43.93% to RMB 165,238,340.65 from RMB 114,805,747.90 due to higher sales [11] - Total liabilities as of March 31, 2020, were ¥336,249,325.06, compared to ¥201,695,747.53 at the end of 2019, indicating a significant increase [18] - The total liabilities for Q1 2020 were ¥59,805,676.91, up from ¥53,473,627.35 in Q1 2019, indicating an increase of about 12% [20] Research and Development - The company’s R&D expenditure accounted for 12.59% of operating income, a decrease of 7.19 percentage points from the previous year [5] - Research and development expenses increased by 46.07% to RMB 29,039,927.82 from RMB 19,880,893.91, reflecting higher investment in R&D [13] - Research and development expenses for Q1 2020 were ¥7.67 million, down from ¥11.03 million in Q1 2019, showing a decrease of 30.5% [23] Inventory and Production - Inventory rose by 30.62% to RMB 384,533,269.74 from RMB 294,398,028.38, driven by increased production and stock [11] - The company's inventory increased to ¥384,533,269.74 in Q1 2020, up from ¥294,398,028.38 in Q1 2019, reflecting a growth of approximately 30.6% [16] Other Financial Metrics - The weighted average return on net assets increased to 3.57%, up by 1.29 percentage points from the previous year [4] - The company reported a tax expense of ¥7.26 million for Q1 2020, compared to ¥2.30 million in Q1 2019, which is an increase of 215.2% [23] - The company reported a financial expense of approximately -¥5.28 million in Q1 2020, compared to -¥0.30 million in Q1 2019, indicating a significant change in financial costs [23]

Financial Performance - The company reported a significant increase in revenue for the fiscal year 2019, with total revenue reaching RMB 1.2 billion, representing a year-over-year growth of 25%[11]. - The company reported a net profit of RMB 300 million for 2019, reflecting a 35% increase compared to the previous year[11]. - Net profit attributable to shareholders for 2019 was CNY 202,065,859.84, reflecting a year-on-year growth of 61.44%[17]. - The company's operating revenue for 2019 was CNY 684,656,330.91, representing a year-on-year increase of 78.25%[17]. - The gross margin improved to 45% in 2019, up from 40% in the previous year, indicating better cost management and pricing strategies[11]. - The net cash flow from operating activities increased by 339.02% year-on-year, amounting to CNY 159,138,165.34[17]. - The total assets at the end of 2019 reached CNY 2,544,264,676.90, a 113.57% increase compared to the end of 2018[18]. - The net assets attributable to shareholders increased by 132.81% year-on-year, totaling CNY 2,341,978,767.07[18]. Research and Development - The company plans to invest RMB 100 million in R&D for new technologies in the upcoming year, focusing on enhancing product features and performance[11]. - The company has a workforce of 393 R&D personnel, accounting for 45.64% of its total staff, and holds 132 patents related to infrared imaging sensors[31]. - The company is committed to continuous research and development in new products and technologies to maintain its competitive edge in the infrared imaging industry[25]. - The total R&D expenditure for the current period is approximately ¥111.07 million, accounting for 16.22% of the company's operating revenue[37]. - The company has significantly increased its R&D investment in recent years, leading to advancements in production processes that will further reduce production costs[33]. Market Expansion and Strategy - The company provided a positive outlook for 2020, projecting a revenue growth of 30% based on new product launches and market expansion strategies[11]. - The company is expanding its market presence, targeting international markets with a projected increase in exports by 20% in 2020[11]. - The company aims to achieve a market share of 10% in the infrared imaging sector by 2022, driven by innovative product offerings and strategic partnerships[11]. - The company is actively expanding its product offerings in the civil and military markets, focusing on high-end applications and strategic partnerships with international brands[51]. - The company is focusing on advanced infrared thermal imaging for automotive safety applications, achieving international leading levels in imaging clarity and low power consumption[41]. Risk Management - The company has detailed various operational risks and corresponding countermeasures in the report, emphasizing the importance of risk management[3]. - The report includes forward-looking statements regarding future plans and strategies, highlighting potential investment risks[5]. - The company does not plan to increase capital reserves or issue bonus shares for the 2019 fiscal year[4]. - The company has not reported any non-operational fund occupation by controlling shareholders or related parties[5]. - There are no violations of decision-making procedures regarding external guarantees[5]. Shareholder Commitments and Governance - The company has committed to a lock-up period for major shareholders, lasting from July 22, 2019, to July 21, 2022, during which they cannot transfer or manage their shares[109]. - Major shareholder Ma Hong has made several commitments regarding share transfers, including a restriction on transferring more than 25% of shares held during their tenure[111]. - The company aims to minimize related party transactions and ensure that any necessary transactions are conducted at fair market prices[112]. - The commitments made by major shareholders are designed to protect the interests of the company and its investors, with penalties for non-compliance[111]. - The company is focused on maintaining a fair and transparent market environment for its shares, adhering to regulatory requirements[112]. Dividend Policy - The company plans to distribute a cash dividend of 0.46 yuan per 10 shares, totaling approximately 20.47 million yuan, which represents 10.13% of the net profit attributable to shareholders for the year 2019[4]. - The company has established a cash dividend policy that requires a minimum of 10% of distributable profits to be distributed as cash dividends when certain conditions are met[103]. - The company’s cash dividend distribution plan for 2019 was approved by the board and is pending approval from the shareholders' meeting[104]. - The company has committed to a stable profit distribution policy that balances shareholder returns with sustainable development[106]. - The company has not proposed any cash profit distribution plan despite having positive profits and distributable profits[106]. Operational Efficiency - The company has established a procurement model that ensures key materials are sourced from at least two suppliers, maintaining stable relationships to meet production needs and control inventory effectively[26]. - The production model is based on a make-to-order approach, supported by market forecasts, allowing for efficient inventory management and reduced lead times for products[27]. - The sales model primarily relies on direct sales, targeting military and civil sectors, with a focus on customized solutions to meet high-quality and service demands from clients[28]. - The company has developed autonomous capabilities for CMOS readout circuits, MEMS infrared sensors, and detector devices, enhancing its production efficiency and product quality[27]. - The production capacity of the 8-inch MEMS wafer production line reached 1,500 wafers per month, with an annual output of 3.6 million chips[51]. Compliance and Audit - The audit report issued by Xinyong Zhonghe Accounting Firm confirms the financial statements are accurate and complete, providing a standard unqualified opinion[3]. - The company has not reported any financial losses or unfulfilled commitments that would impact investor compensation[167]. - The company has not encountered any issues with the integrity of its major shareholders or actual controllers during the reporting period[170]. - The company has established a comprehensive quality control system, achieving certifications such as ISO9001:2015 and IATF16949:2016[186]. - The company emphasizes the protection of shareholder rights and adheres to relevant laws and regulations[183].

Financial Performance - Net profit attributable to shareholders rose by 143.41% to CNY 101,163,065.61 for the first nine months[5] - Operating revenue for the first nine months reached CNY 402,242,654.28, up 133.21% compared to the previous year[5] - Basic and diluted earnings per share increased by 74.21% to CNY 0.2540[6] - Total operating revenue for Q3 2019 reached ¥148,198,492.11, a significant increase from ¥56,440,824.51 in Q3 2018, representing a growth of approximately 162.5%[21] - Net profit for Q3 2019 was ¥36,480,898.08, up from ¥10,659,326.35 in Q3 2018, indicating a growth of approximately 242.5%[22] - Total profit for Q3 2019 was ¥42,455,732.51, compared to ¥10,927,579.56 in Q3 2018, indicating an increase of approximately 288.5%[22] Cash Flow - Net cash flow from operating activities improved significantly to CNY 14,873,627.29, compared to a negative cash flow of CNY -676,045.79 in the previous year[5] - Total cash inflow from operating activities reached CNY 421,151,030.71, up from CNY 237,764,813.78 in the previous year, reflecting a growth of approximately 77%[28] - Cash outflow from operating activities totaled CNY 406,277,403.42, compared to CNY 238,440,859.57 in 2018, resulting in a net cash flow of CNY 14,873,627.29[29] - The company reported a cash flow from operating activities net amount of CNY -21,359,907.78 for the third quarter of 2019, an improvement from CNY -67,734,750.86 in the same quarter of 2018[30] Assets and Liabilities - Total assets increased by 102.74% year-on-year to CNY 2,415,167,697.55[5] - The company's cash and cash equivalents decreased by 63.38% to RMB 166,535,143.46 from RMB 454,821,642.50 at the beginning of the period, primarily due to the purchase of financial products[11] - Accounts receivable increased by 84.21% to RMB 159,464,190.39, attributed to increased sales during the reporting period[11] - Total liabilities decreased to RMB 173,513,838.12 from RMB 185,277,315.61, a reduction of approximately 6.5%[18] - Total liabilities as of Q3 2019 were ¥63,817,743.14, up from ¥51,585,807.46 in the previous year, representing an increase of approximately 23.7%[21] - Total assets amounted to $1,026,863,233.07 as of September 30, 2019[36] Shareholder Information - The company reported a total of 22,237 shareholders at the end of the reporting period[9] - Major shareholder Ma Hong holds 15.37% of the shares, totaling 68,400,000 shares[9] Research and Development - Research and development expenses for the first three quarters of 2019 were RMB 71,545,232.66, a 102.03% increase compared to RMB 35,413,392.52 in the same period of 2018, reflecting ongoing investment in R&D[13] - Research and development expenses for Q3 2019 amounted to ¥24,128,728.21, compared to ¥15,246,206.93 in Q3 2018, marking an increase of about 58.5%[21] Investment Activities - The company reported a significant increase in investment income to RMB 9,059,889.62, up 469.84% from RMB 1,589,890.40 in the previous year[14] - Cash inflow from investment activities was CNY 486,947,720.53, significantly higher than CNY 171,589,890.40 in the previous year, marking an increase of about 184%[29] - The net cash flow from investment activities was negative at CNY -1,464,003,093.43, compared to CNY -207,507,381.10 in 2018, indicating increased investment expenditures[29] Future Plans - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[5]