Financial Performance - The company's operating revenue for 2021 reached ¥443,351,434.70, representing a 104.77% increase compared to ¥216,512,126.89 in 2020[17]. - Net profit attributable to shareholders was ¥189,183,607.41, a 130.56% increase from ¥82,052,568.36 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was ¥146,908,315.28, showing a significant growth of 214.47% compared to ¥46,715,797.35 in 2020[17]. - Basic earnings per share increased to ¥1.5711, up 92.13% from ¥0.8177 in 2020[18]. - The weighted average return on net assets rose to 10.79%, an increase of 2.53 percentage points from 8.26% in 2020[18]. - Cash flow from operating activities decreased by 63.81% to ¥45,588,086.41, down from ¥125,971,090.88 in 2020, primarily due to increased cash outflows related to business expansion and R&D[18]. - The total assets at the end of 2021 were ¥2,084,461,088.36, reflecting a 15.86% increase from ¥1,799,062,665.22 at the end of 2020[17]. - The net assets attributable to shareholders increased to ¥1,836,964,049.10, a 9.59% rise from ¥1,676,180,806.34 in 2020[17]. - The company reported a total of ¥42,275,292.13 in non-recurring gains for 2021, compared to ¥35,336,771.01 in 2020[21]. Dividend and Capital Increase - The company plans to distribute a cash dividend of RMB 6.5 per 10 shares, totaling RMB 78,270,855, which accounts for 41.37% of the net profit attributable to shareholders for 2021[4]. - The company will also increase its capital stock by 4 shares for every 10 shares held, resulting in a total increase of 48,166,680 shares, changing the total share capital to 168,583,380 shares[4]. Research and Development - Continuous investment in R&D has been emphasized, focusing on precision harmonic reducers and mechatronic products to strengthen core product quality[25]. - R&D expenses for the current year amounted to ¥41,160,042.68, representing a 71.32% increase from ¥24,025,548.48 in the previous year[51]. - The company has 106 R&D personnel, an increase from 83 in the previous year, with R&D personnel now making up 11.43% of the total workforce[56]. - The average salary of R&D personnel increased to ¥17.26 from ¥14.24 in the previous year, reflecting a rise in compensation[56]. - The company is currently developing several projects, including a high-precision harmonic reducer with an expected total investment of ¥574 million, with ¥289.73 million invested in the current period[53]. Market Position and Product Development - The company has established a strong brand presence in the precision transmission sector, becoming a leading domestic enterprise in harmonic reducers[26]. - The product portfolio includes harmonic reducers, mechatronic products, and hydraulic products, widely used in high-end manufacturing fields[27]. - The company has accumulated a strong client base in high-end equipment industries such as industrial robots and CNC machine tools, enhancing its brand recognition in the international market[42]. - The company is expanding its product offerings to include integrated reduction modules and servo drive systems, enhancing its competitive edge in the market[63]. Governance and Compliance - The company has established a governance structure that complies with the Company Law and relevant regulations, ensuring independent operation from its controlling shareholder[102]. - The company has not experienced any violations related to insider trading or regulatory actions during the reporting period[101]. - The company has implemented a strict information disclosure policy, ensuring all disclosures are accurate, complete, and timely[106]. - The company has established specialized committees under the board, including nomination, audit, compensation, and strategy committees, to support scientific decision-making[103]. Employee Relations and Incentives - The company has implemented a performance management system to motivate employees and align their interests with corporate goals[139]. - The company has established a stock incentive plan for 2021, involving 225,000 restricted shares, representing 0.19% of the total shares, with 166 participants[144]. - The company has provided various employee benefits, including commercial insurance and wellness programs, to enhance employee satisfaction[140]. Environmental and Social Responsibility - The company has integrated ESG practices into daily operations, focusing on social responsibility and environmental protection[151]. - The company has implemented measures to reduce emissions, including installing waste gas treatment equipment and promoting energy-saving initiatives[157]. - The company contributed 6.89 million yuan to rural poverty alleviation as part of its social responsibility efforts[158]. Risks and Challenges - The company faces risks related to product R&D investment, technology leakage, and potential loss of core technical personnel, which could impact its competitive advantage[64]. - Future performance may be impacted by macroeconomic factors, industry policies, and demand fluctuations in downstream sectors such as automotive and 3C electronics[68]. - The company faces potential risks from intensified market competition, particularly from international industry giants in the harmonic reducer sector[67]. Financial Management and Investments - The company reported a total of 407 million RMB in bank wealth management products from its own funds, with an outstanding balance of 127 million RMB[199]. - The company also invested 1.107 billion RMB in bank wealth management products using idle raised funds, with an outstanding balance of 308 million RMB[199]. - The company has retained Tianheng Accounting Firm for its financial and internal control audits, with an audit fee of 477,000 RMB for the year[193].

Financial Performance - Revenue for Q3 2021 reached ¥135,449,396.39, an increase of 124.27% compared to the same period last year[4] - Net profit attributable to shareholders was ¥58,536,303.84, reflecting a year-on-year growth of 98.88%[4] - Net profit excluding non-recurring gains and losses for the period was ¥44,982,063.31, up 160.32% year-on-year[4] - Basic earnings per share for Q3 2021 was ¥0.49, a 65.73% increase compared to the same period last year[5] - Total operating revenue for the first three quarters of 2021 reached ¥319,454,952.32, a significant increase of 114.4% compared to ¥148,791,089.69 in the same period of 2020[18] - Operating profit for the third quarter of 2021 was ¥166,704,302.34, up from ¥71,947,057.16 in the previous year, reflecting a growth of 131.7%[20] - Net profit for the first three quarters of 2021 was ¥142,482,055.00, compared to ¥63,332,619.74 in the same period of 2020, marking an increase of 125.5%[21] - Basic earnings per share for the third quarter of 2021 were ¥1.1787, compared to ¥0.6778 in the same quarter of 2020, representing a growth of 74.0%[22] - The company reported a total comprehensive income of ¥142,482,055.00 for the third quarter of 2021, compared to ¥63,332,619.74 in the same quarter of 2020[22] Research and Development - Total R&D investment for the quarter was ¥10,368,070.14, representing a 61.78% increase year-on-year[5] - The company plans to continue enhancing R&D efforts to support future growth and product development[10] - Research and development expenses for the first three quarters of 2021 totaled ¥25,058,383.88, up 46.0% from ¥17,157,376.58 in the previous year[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,033,799,631.56, a 13.05% increase from the previous year[5] - The total current assets as of September 30, 2021, amount to ¥1,497,358,743.94, an increase from ¥1,487,316,073.30 at the end of 2020[15] - Cash and cash equivalents increased to ¥630,791,623.56 from ¥525,223,918.06 year-over-year[15] - Accounts receivable rose to ¥61,194,986.35 from ¥39,697,620.97, indicating a growth of approximately 54%[15] - The total assets as of September 30, 2021, are ¥2,033,799,631.56, compared to ¥1,799,062,665.22 at the end of 2020[16] - Short-term borrowings increased significantly to ¥46,120,959.42 from ¥9,900,000.00[16] - The total liabilities increased to ¥207,973,700.85 from ¥87,615,159.78, reflecting a substantial rise in financial obligations[16] - Total liabilities as of the end of the third quarter of 2021 amounted to ¥248,690,257.53, compared to ¥126,331,171.19 at the end of the previous year[20] - Total equity attributable to shareholders of the parent company increased to ¥1,788,017,415.24 from ¥1,676,180,806.34 year-over-year[20] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥71,780,559.56, showing a decline of 13.17%[5] - Cash inflow from operating activities for the first three quarters of 2021 was ¥279,882,696.25, an increase from ¥191,341,453.89 in the same period of 2020[23] - The net cash flow from operating activities was $71,780,559.56, a decrease of 13.5% compared to $82,663,813.41 in the previous year[24] - The total cash inflow from investment activities was $703,782,555.35, up from $428,546,163.84, representing a 64.1% increase year-over-year[24] - The cash outflow for investment activities was $674,960,415.82, down 22.2% from $867,034,137.85 in the previous year[24] - The net cash flow from financing activities was $5,393,419.27, a significant decrease from $957,698,510.10 in the previous year[24] - The total cash and cash equivalents at the end of the period amounted to $630,791,623.56, slightly up from $626,639,379.84[25] - The company reported a net increase in cash and cash equivalents of $105,567,705.50, compared to a much higher increase of $601,522,586.50 in the previous year[25] - The cash paid to employees was $79,496,358.61, an increase from $48,713,468.04, indicating a rise in workforce costs[24] - The cash paid for taxes was $20,611,480.71, up from $14,671,924.01, reflecting higher tax obligations[24] - The cash received from investment income was $23,299,912.94, compared to $10,011,476.19, showing a significant increase in investment returns[24] - The cash paid for fixed assets and intangible assets was $117,060,415.82, a substantial increase from $24,925,478.96, indicating increased capital expenditures[24] Shareholder Information - The total number of common shareholders at the end of the reporting period is 5,794[11] - The top two shareholders, 左昱昱 and 左晶, each hold 24,559,026 shares, representing 20.40% of the total shares[11] - The company has no reported related party transactions among the top shareholders, except for the relationship between 左昱昱 and 左晶 as acting in concert[12] Strategic Outlook - The company has not disclosed any new strategies or future outlook in the provided documents[13] - The company attributed revenue growth to increased market demand for harmonic reducers and proactive expansion efforts[9]

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥184,005,555.93, representing a 108.16% increase compared to ¥88,394,862.24 in the same period last year[16]. - Net profit attributable to shareholders was ¥83,404,480.06, up 144.98% from ¥34,045,900.40 year-on-year[16]. - The net profit after deducting non-recurring gains and losses increased by 277.14%, amounting to ¥64,166,888.27 compared to ¥17,014,006.85 in the previous year[16]. - The net cash flow from operating activities grew by 98.07%, totaling ¥53,827,108.26, driven by increased sales collections[16]. - Basic and diluted earnings per share rose by 83.71% to ¥0.6926, compared to ¥0.3770 in the same period last year[18]. - The gross profit margin for the first half of 2021 was 51.49%, with a slight decline from 49.37% in the previous year, indicating potential risks from market fluctuations and cost increases[73]. - The company reported a significant increase in financing activities, with net cash flow from financing activities rising by 263.04% to ¥10,038,116.34, compared to a negative cash flow in the previous year[78]. - The company’s reliance on harmonic reducers is high, with 94.49% of revenue coming from this product line, indicating vulnerability to market demand fluctuations[73]. Research and Development - Research and development expenses accounted for 7.98% of operating revenue, down from 12.16% in the previous year, a decrease of 4.18 percentage points[18]. - The company achieved a 36.67% increase in R&D expenses, totaling approximately ¥14.69 million, primarily due to salary increases for R&D personnel[50]. - The company obtained 13 new patents during the reporting period, including 1 foreign invention patent and 11 utility model patents[48]. - The company has developed a new "P-type gear" that significantly enhances the output efficiency and load torque of harmonic reducers, achieving leading domestic performance levels[46]. - The company has established a high-efficiency, high-precision automatic testing system for harmonic reducers, which is now patented[46]. - The company is focusing on lightweight precision harmonic reducers, utilizing new materials and processes to meet environmental and energy-saving demands[46]. - The company has created a 3D simulation system for harmonic reducers, facilitating convenient and efficient modeling and analysis[46]. Market Position and Strategy - The company specializes in precision transmission devices, including harmonic reducers and mechatronic actuators, widely used in high-end manufacturing sectors such as industrial robots and aerospace[23]. - The company aims to expand its market presence and enhance product offerings through ongoing technological advancements and new product development[23]. - The company has established a strong brand reputation in the precision transmission field through continuous R&D investment and strict quality control[23]. - The domestic harmonic reducer industry has seen an increase in manufacturers and improved technical levels, successfully breaking the monopoly of international brands in the domestic market[38]. - The company has established a strong brand presence and competitive advantage in the domestic industrial robot harmonic reducer segment, gaining access to high-quality clients in advanced equipment sectors[39]. Environmental and Social Responsibility - The company has implemented strict environmental measures, ensuring that wastewater and waste gas meet national discharge standards[94]. - The company is actively working to reduce carbon emissions through equipment upgrades and smart energy management systems[94]. - The company has committed to supporting national ecological civilization goals, aiming for carbon peak by 2030 and carbon neutrality by 2060[94]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[95]. - The company reported no pollution incidents or violations of environmental regulations during the reporting period[95]. Corporate Governance and Shareholder Information - The company elected Zhang Yuwen as a non-independent director and Zhang Chenghui as an independent director during the 2021 first extraordinary general meeting[88]. - The company did not propose any profit distribution or capital reserve transfer plans for the first half of 2021[91]. - The company has committed to not transferring or entrusting others to manage its shares for 36 months from the date of its initial public offering[98]. - The company will announce any planned share reductions by shareholders three trading days in advance, detailing the reasons and potential impacts[109]. - The company’s board of directors is responsible for announcing the stock repurchase plan, including details such as the number of shares and repurchase price range[105]. Financial Position - Total assets at the end of the reporting period were ¥1,926,767,304.76, reflecting a 7.10% increase from ¥1,799,062,665.22 at the end of the previous year[17]. - The total liabilities at the end of the reporting period were 631,830,471.41 RMB[171]. - The company’s total equity at the end of the reporting period was 1,676,180,806 RMB[176]. - The company reported a decrease in general risk reserves of 30,104,200 RMB[171]. - The total comprehensive income for the period was 81,271,642.55 RMB[176].

Financial Performance - The company's operating revenue for 2020 was RMB 216,512,126.89, representing a 16.47% increase compared to RMB 185,900,985.92 in 2019[20]. - The net profit attributable to shareholders of the listed company reached RMB 82,052,568.36, a 40.31% increase from RMB 58,478,328.39 in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 46,715,797.35, up 17.56% from RMB 39,738,353.33 in 2019[20]. - The net cash flow from operating activities surged to RMB 125,971,090.88, a significant increase of 287.87% compared to RMB 32,477,360.19 in 2019[20]. - The total assets of the company at the end of 2020 were RMB 1,799,062,665.22, reflecting a 147.31% increase from RMB 727,446,639.84 at the end of 2019[20]. - The net assets attributable to shareholders of the listed company increased to RMB 1,676,180,806.34, a 165.29% rise from RMB 631,830,471.41 in 2019[20]. - Basic earnings per share increased by 26.29% to CNY 0.8177 in 2020 compared to CNY 0.6475 in 2019[21]. - Net profit grew by 40.31% in 2020, primarily due to an increase in operating profit[21]. - The comprehensive gross profit margin for the past three years was 47.18%, 49.37%, and 48.83%, indicating a relatively stable performance[77]. Dividend and Shareholder Returns - The proposed cash dividend for 2020 is RMB 2.50 per 10 shares, totaling RMB 30,104,175, which accounts for 36.69% of the net profit attributable to shareholders[5]. - The company has committed to a cash dividend policy that balances investor returns with sustainable development, as outlined in its articles of association[128]. Research and Development - The company achieved a total R&D investment of ¥24,025,548.48, a decrease of 0.87% compared to the previous year[54]. - R&D investment accounted for 11.10% of total revenue, down from 13.04% in the previous year, representing a decrease of 1.94 percentage points[54]. - The company obtained 22 new patents during the reporting period, including 3 invention patents and 19 utility model patents[52]. - The company has accumulated a total of 178 patent applications, with 96 patents granted to date[52]. - The company has developed several advanced technologies, including a new "P-type gear" design that significantly improves output efficiency and load torque of harmonic reducers[50]. - The company has established several research centers and partnerships with universities to enhance its R&D capabilities[64]. Market Position and Products - The company has established a strong brand presence in the precision transmission sector, becoming a leading domestic enterprise in the field[29]. - The main products include harmonic reducers, mechatronic actuators, and precision components, widely used in high-end manufacturing sectors[29]. - The harmonic reducer industry in China is in a growth phase, with a significant supply gap in core components for industrial robots[44]. - The company has established a competitive advantage in the harmonic reducer market by achieving scale production and reducing procurement costs for domestic robot manufacturers[46]. - The global market for harmonic reducers is dominated by companies like Harmonic Drive and Nabtesco, which hold approximately 70% market share[46]. Production and Operations - The production model is based on "sales-driven production with safety stock," primarily utilizing in-house manufacturing while outsourcing some routine processing operations[36]. - The company operates a self-manufacturing model for its products, controlling the entire production process from order demand to product delivery[37]. - The company has implemented lean management and automated production processes, improving production efficiency and product stability[68]. - The company has achieved full industry chain coverage for harmonic reducers, allowing for better control over product performance and quality while reducing production costs[70]. Financial Management and Investments - The company reported a net cash flow from financing activities of ¥951,993,150.92, a substantial increase of 10,930.14% compared to the previous year[83]. - The company has entrusted a total of RMB 536 million in bank wealth management products, with an outstanding balance of RMB 190 million[166]. - The company has also invested RMB 657 million in bank wealth management products using raised funds, with an outstanding balance of RMB 569 million[166]. - The company has structured deposits amounting to RMB 300 million with a yield range of 1.82% to 3.55%[167]. Corporate Governance and Compliance - The company has established a governance structure that ensures the protection of shareholder and creditor rights, complying with legal regulations and enhancing operational standards[179]. - The company has committed to compensating any losses incurred by shareholders due to violations of its commitments[153]. - The company will ensure compliance with relevant laws and regulations regarding shareholding and changes in shareholding status[137]. Future Plans and Strategic Initiatives - The company plans to gradually resolve capacity constraints and implement a long-term capacity expansion plan to meet future demand in the industrial automation market[74]. - The company aims to become a leading global manufacturer of precision transmission devices, focusing on innovation and economic efficiency[118]. - Future plans include significant expansion of R&D personnel and management staff to support rapid growth and maintain industry leadership[119]. - The company will pursue strategic acquisitions to vertically integrate its operations and enhance product offerings[119]. Risks and Challenges - The company faces risks related to market competition, particularly from international industry giants, which may intensify as the company expands its business[79]. - The ongoing COVID-19 pandemic has not significantly impacted the company's operations, but uncertainties remain regarding international customer procurement[81].

Financial Performance - Operating income for the first nine months increased by 12.17% year-on-year, amounting to RMB 148,791,089.69[5] - Net profit attributable to shareholders rose by 65.78% year-on-year, reaching RMB 63,479,023.49[5] - Basic earnings per share increased by 59.86% to RMB 0.6778[7] - The total profit for the first nine months of 2020 was RMB 72,200,620.01, reflecting a 75.48% increase from RMB 41,144,467.01 in the same period of 2019, driven by improved operating performance[16] - Net profit for the first nine months of 2020 reached RMB 63,332,619.74, a 67.63% increase compared to RMB 37,781,182.31 in the same period of 2019, primarily due to higher operating profits[16] - Operating profit for Q3 2020 was ¥32,944,776.64, compared to ¥27,017,522.38 in Q3 2019, reflecting a growth of 22.5%[30] - Net profit for Q3 2020 was ¥29.44 million, compared to ¥25.11 million in Q3 2019, reflecting a growth of 9.3%[28] Asset Growth - Total assets increased by 143.40% year-on-year, reaching RMB 1,770,632,045.57[5] - As of September 30, 2020, the company's total assets reached CNY 1,770,632,045.57, a significant increase from CNY 727,446,639.84 on December 31, 2019, representing a growth of approximately 143.5%[22] - The total current assets increased to CNY 1,407,645,576.15 from CNY 458,724,425.70, reflecting a growth of about 206.5% year-over-year[21] - Total assets reached approximately ¥1.74 billion, an increase from ¥699.59 million year-over-year[25] Cash Flow - Net cash flow from operating activities surged by 539.51% year-on-year, totaling RMB 82,663,813.41[5] - Net cash flow from operating activities for the first nine months of 2020 was RMB 82,663,813.41, a significant increase of 539.51% from RMB 12,926,025.77 in the same period of 2019, mainly due to increased sales receipts and government subsidies[15] - Cash inflow from operating activities for Q3 2020 was 191,341,453.89, up from 125,484,047.55 in Q3 2019, representing a year-over-year increase of approximately 52.5%[32] - Net cash flow from operating activities for the first three quarters of 2020 was 66,602,669.14, compared to 34,262,936.47 in the same period of 2019, indicating a growth of about 94.5%[35] Equity and Liabilities - Net assets attributable to shareholders increased by 162.35% year-on-year, totaling RMB 1,657,607,261.47[5] - The company's total equity increased significantly, with capital reserves rising by 213.48% to RMB 1,368,859,064.80, resulting from the initial public offering[14] - The company's total liabilities were CNY 115,839,574.35, compared to CNY 98,284,554.93 in the previous year, showing an increase of approximately 17.7%[23] - The equity attributable to shareholders rose to CNY 1,657,607,261.47 from CNY 631,830,471.41, marking an increase of around 162.5%[23] Research and Development - R&D expenditure accounted for 11.53% of operating income, up from 11.24%[7] - Research and development expenses for Q3 2020 were ¥6.41 million, compared to ¥5.71 million in Q3 2019, indicating a year-over-year increase of 12.3%[27] Government Support - The company reported government subsidies of RMB 11,176,159.04 for the current period[8] Shareholder Information - The total number of shareholders at the end of the reporting period was 6,069[11] Investment Activities - The company has invested CNY 46,459,937.12 in construction projects, significantly up from CNY 18,283,307.58, reflecting a growth of approximately 154.5%[22] - The company reported a financial asset fair value change income of ¥1,158,231.09 in Q3 2020, down from ¥1,762,039.71 in Q3 2019[30] Deferred Income - The company reported a deferred income of CNY 29,442,352.22, which increased from CNY 12,050,312.33, representing a growth of approximately 144.5%[23] - Deferred income increased to ¥29.44 million from ¥12.05 million year-over-year, showing a significant growth of 144.5%[25]