Financial Performance - The company's operating revenue for Q1 2023 was ¥69,190,409.83, representing a year-on-year increase of 1.56%[5] - The net profit attributable to shareholders was ¥10,033,293.58, reflecting an increase of 8.20% compared to the same period last year[5] - The basic earnings per share (EPS) for the quarter was ¥0.17, up by 6.25% year-on-year[6] - Total operating revenue for Q1 2023 was ¥69,190,409.83, a slight increase of 1.57% compared to ¥68,125,708.48 in Q1 2022[20] - Net profit for Q1 2023 reached ¥10,033,293.58, representing an increase of 8.22% from ¥9,272,878.57 in Q1 2022[21] - Total profit for Q1 2023 was ¥10,919,320.50, an increase of 8.79% from ¥10,035,710.90 in Q1 2022[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥645,630,576.75, an increase of 3.25% from the end of the previous year[6] - As of March 31, 2023, the total current assets amounted to RMB 497,493,596.08, an increase from RMB 476,536,241.04 as of December 31, 2022, reflecting a growth of approximately 4.02%[15] - Total liabilities as of March 31, 2023, were RMB 99,454,534.29, compared to RMB 89,484,488.66 at the end of 2022, marking an increase of approximately 11.00%[17] - The total equity attributable to shareholders was RMB 546,176,042.46, up from RMB 535,812,998.39, reflecting a growth of about 1.36%[17] Cash Flow - The net cash flow from operating activities was ¥5,941,551.39, with the change not applicable due to the nature of the cash flow[5] - Cash flow from operating activities generated a net amount of ¥5,941,551.39 in Q1 2023, a significant improvement from a net outflow of ¥13,241,139.65 in Q1 2022[22] - Cash and cash equivalents at the end of Q1 2023 totaled ¥275,264,733.29, up from ¥248,661,693.05 at the end of Q1 2022, indicating a growth of 10.67%[23] - The company's cash and cash equivalents were RMB 275,264,733.29, up from RMB 256,132,477.50, indicating an increase of about 7.99%[15] Research and Development - Research and development (R&D) expenses totaled ¥6,102,120.83, which is a decrease of 22.01% compared to the previous year[6] - R&D expenses accounted for 8.82% of operating revenue, down by 2.67 percentage points year-on-year[6] - Research and development expenses decreased to ¥6,102,120.83 in Q1 2023 from ¥7,824,615.38 in Q1 2022, a reduction of 21.94%[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 3,871[12] Market and Future Outlook - The company has not disclosed any new product or technology developments in this report[14] - There are no significant market expansion or acquisition strategies mentioned in the current report[14] - The company has not provided specific future guidance or outlook in this quarter's report[14] Tax and Expenses - The company reported an increase in tax expenses to ¥886,026.92 in Q1 2023, compared to ¥762,832.33 in Q1 2022, marking a rise of 16.19%[21] - Total operating costs rose to ¥60,977,682.47 in Q1 2023, up 3.15% from ¥59,116,202.09 in Q1 2022[20]

证券代码：688092 证券简称：爱科科技 杭州爱科科技股份有限公司 2022 年 4 月投资者关系活动记录表 | --- | --- | --- | |----------------|----------------------------------|--------------------------------------------------------------------------------------------------| | | | 特定对象调研 □分析师会议 | | 投资者关系活动 | □媒体采访 | 业绩说明会 | | 类别 | □新闻发布会 | 路演活动 | | | 现场参观 | | | | 其他（线上交流） | | | | 开源证券 | 计算机行业首席分析师 陈宝健 | | 参与单位名称及 | 华商基金 研究员 | 金曦； | | 人员姓名 | 德邦基金 研究员 | 陆阳； | | | 财通资管 研究员 | 邓芳程； | | 时间 | 2022 年 4 月 14 日 | | | 地点 | 线上交流 | | | 上市公司接待人 | 总经理 方云科先生 | | | | | ...

证券代码：688092 证券简称：爱科科技 杭州爱科科技股份有限公司 2022 年 5 月投资者关系活动记录表 | --- | --- | --- | |--------------------------|------------------------------|------------------------------------------------------| | | 特定对象调研 | □分析师会议 | | 投资者 关系活 | □媒体采访 | 业绩说明会 | | 动类别 | □新闻发布会 | 路演活动 | | | 现场参观 | | | | 其他（线上交流） | | | | | | | 参与单 位名称 及人员姓名 | 交银施罗德 基金经理 | 杨金金等 3 人 | | 时间 | 2022 年 5 月 20 日 | | | 地点 | 线上交流 | | | 上市公 司接待 | 总经理 方云科先生 | | | 人员姓名 | 副总经理、董事会秘书 | 王鹏先生 | | | 1 ． 2021 么 ? | 年公司境外的收入增长比较快，主要原因是什 | | | 答 : 2021 | 年境外收入增长较快的主要 ...

证券代码：688092 证券简称：爱科科技 杭州爱科科技股份有限公司 2022 年 6 月投资者关系活动记录表 | --- | --- | --- | |---------------|-----------------------------------|--------------------------------------------------------------| | | 特定对象调研 | □分析师会议 | | 投资者 关系活 | □媒体采访 | 业绩说明会 | | 动类别 | □新闻发布会 | 路演活动 | | | 现场参观 | | | | 其他（线上交流） | | | | 国信证券 | 计算机行业首席分析师 熊莉等 4 人 | | | 华西证券 机械分析师 | 毛冠锦、曾雪菲 | | | 南方基金 研究员 | 周承川 | | 参与单 位名称 | 安联资管 研究员 | 王鹏宇 | | 及人员姓名 | 光大资管 研究员 | 李行杰 | | | 东方证券 机械分析师 | 杨震、黄汉玺 | | | 建信保险 研究员 | 吴志豪 | | | 君犀投资 研究员 | 赵俊 | | 时间 | 2022 ...

Financial Summary and Highlights [Core Financial Indicators](index=1&type=section&id=(I)%20Key%20Accounting%20Data%20and%20Financial%20Indicators) The company reported **RMB 82.15 million** in Q3 2022 operating revenue, a 3.76% decrease, while net profit attributable to shareholders increased by 4.82% to **RMB 20.87 million**, alongside a 23.35% rise in R&D investment Key Financial Metrics (Q3 2022 and YTD) | Indicator | 2022 Q3 | YoY Change (%) | 2022 YTD | YoY Change (%) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue (RMB) | 82,154,814.38 | -3.76 | 212,408,048.46 | -6.15 | | Net Profit Attributable to Shareholders (RMB) | 20,867,142.81 | 4.82 | 41,220,677.37 | -4.53 | | Net Profit Attributable to Shareholders (Excluding Non-Recurring Items) (RMB) | 19,590,816.93 | 1.12 | 36,200,882.16 | -11.86 | | Basic Earnings Per Share (RMB/share) | 0.35 | 2.94 | 0.70 | -12.50 | | Total R&D Investment (RMB) | 6,654,884.13 | 10.19 | 24,001,466.93 | 23.35 | | R&D Investment as % of Revenue (%) | 8.10 | Increased by 1.03 percentage points | 11.30 | Increased by 2.70 percentage points | [5](index=5&type=chunk)[6](index=6&type=chunk) Key Financial Position Metrics | Indicator | September 30, 2022 (RMB) | Change from Year-End (%) | | :--- | :--- | :--- | | Total Assets (RMB) | 639,205,123.82 | 2.02 | | Owner's Equity Attributable to Shareholders (RMB) | 527,858,578.97 | 1.25 | [6](index=6&type=chunk) [Analysis of Non-Recurring Gains and Losses](index=2&type=section&id=(II)%20Non-Recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) Non-recurring gains and losses totaled **RMB 5.02 million** from year-to-date, primarily from government grants and entrusted investment income, contributing to net profit Non-Recurring Gains and Losses (YTD) | Item (YTD) | Amount (RMB) | | :--- | :--- | | Government Grants Included in Current Profit/Loss | 3,682,018.23 | | Gains/Losses from Entrusted Investments or Asset Management | 2,054,900.99 | | Fair Value Change Gains/Losses and Investment Income | 172,334.13 | | Less: Income Tax Impact | 885,846.21 | | **Total** | **5,019,795.21** | [8](index=8&type=chunk)[9](index=9&type=chunk)[10](index=10&type=chunk) [Changes and Reasons for Key Financial Indicators](index=4&type=section&id=(III)%20Changes%20and%20Reasons%20for%20Key%20Accounting%20Data%20and%20Financial%20Indicators) Operating revenue decline was attributed to reduced sales from external factors, with management noting performance improvement and increased R&D investment for technological leadership - Operating revenue decreased primarily due to reduced sales impacted by the COVID-19 pandemic and the Russia-Ukraine war, but the company states that operating performance has improved, with the decline in revenue and profit narrowing compared to the half-year period[10](index=10&type=chunk) - R&D investment increased by **23.35%** year-over-year from the beginning of the year to the end of the reporting period, mainly because the company increased R&D investment in areas such as laser cutting and new energy to maintain technological leadership[10](index=10&type=chunk) - Net cash flow from operating activities turned positive, primarily because cash paid for goods in the prior year's corresponding period was significantly higher due to strategic inventory stocking[10](index=10&type=chunk) Shareholder Structure Analysis [Major Shareholders and Shareholding Status](index=4&type=section&id=(I)%20Total%20Number%20of%20Common%20Shareholders%20and%20Preferred%20Shareholders%20with%20Restored%20Voting%20Rights%2C%20and%20Top%20Ten%20Shareholders%27%20Shareholding%20Status) As of the reporting period, the company had 3,537 common shareholders, with a concentrated equity structure where the top four shareholders held over 54%, and the actual controller and key shareholders have a concerted action relationship - As of the end of the reporting period, the company had **3,537** common shareholders[12](index=12&type=chunk) Top Five Shareholders | Shareholder Name | Shareholding Percentage (%) | Shareholder Nature | | :--- | :--- | :--- | | Hangzhou Aike Computer Technology Co., Ltd. | 37.28 | Domestic Non-State-Owned Legal Person | | Fang Yunke | 7.99 | Domestic Natural Person | | Hangzhou Ruibu Investment Management Partnership (Limited Partnership) | 5.33 | Other | | Hangzhou Ruisong Investment Management Partnership (Limited Partnership) | 4.32 | Other | | Suzhou Qilin Equity Investment Center (Limited Partnership) | 3.73 | Other | [13](index=13&type=chunk) - The company's controlling shareholder is Hangzhou Aike Computer Technology Co., Ltd., and the actual controller Fang Xiaowei and shareholder Fang Yunke are father and son; Fang Yunke is also the executive partner of Hangzhou Ruibu and Hangzhou Ruisong, indicating an associated relationship or concerted action[14](index=14&type=chunk) Financial Statement Highlights [Balance Sheet Analysis](index=7&type=section&id=Consolidated%20Balance%20Sheet) As of September 30, 2022, total assets increased by 2.02% to **RMB 639 million**, with inventory growth and new short-term borrowings, while owner's equity slightly increased, indicating a stable financial structure Consolidated Balance Sheet Summary | Balance Sheet Item | September 30, 2022 (RMB) | December 31, 2021 (RMB) | Change | | :--- | :--- | :--- | :--- | | **Total Assets** | **639,205,123.82** | **626,565,890.74** | **+2.02%** | | Cash and Cash Equivalents | 223,015,649.52 | 214,490,470.47 | +4.0% | | Inventories | 117,778,363.78 | 101,435,578.78 | +16.1% | | **Total Liabilities** | **111,346,544.85** | **105,239,389.19** | **+5.8%** | | Short-Term Borrowings | 20,000,000.00 | 0.00 | New | | Accounts Payable | 32,485,609.16 | 44,425,944.41 | -26.9% | | **Owner's Equity** | **527,858,578.97** | **521,326,501.55** | **+1.25%** | [16](index=16&type=chunk)[17](index=17&type=chunk)[18](index=18&type=chunk) [Income Statement Analysis](index=9&type=section&id=Consolidated%20Income%20Statement) In the first three quarters of 2022, operating revenue decreased by 6.15% to **RMB 212 million**, while selling and R&D expenses increased, resulting in a 4.53% decline in net profit attributable to the parent company Consolidated Income Statement Summary | Income Statement Item | 2022 YTD (RMB) | 2021 YTD (RMB) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 212,408,048.46 | 226,322,093.82 | -6.15 | | Operating Costs | 121,663,482.87 | 125,032,808.99 | -2.70 | | Selling Expenses | 32,006,814.49 | 28,987,054.64 | 10.42 | | Administrative Expenses | 9,217,976.66 | 7,776,510.09 | 18.54 | | R&D Expenses | 24,001,466.93 | 19,458,229.59 | 23.35 | | Operating Profit | 42,927,659.26 | 49,030,344.44 | -12.45 | | **Net Profit** | **41,220,677.37** | **43,178,611.26** | **-4.53** | [20](index=20&type=chunk)[21](index=21&type=chunk)[22](index=22&type=chunk) [Cash Flow Statement Analysis](index=12&type=section&id=Consolidated%20Cash%20Flow%20Statement) Net cash flow from operating activities significantly improved to **RMB 6.54 million** in the first three quarters of 2022, with net investing cash inflow and net financing cash outflow, increasing period-end cash and cash equivalents to **RMB 223 million** Consolidated Cash Flow Statement Summary | Cash Flow Statement Item | 2022 YTD (RMB) | 2021 YTD (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 6,544,807.84 | -5,932,161.26 | | Net Cash Flow from Investing Activities | 11,685,414.66 | -137,462,958.85 | | Net Cash Flow from Financing Activities | -18,181,929.71 | 220,926,100.08 | | **Net Increase in Cash and Cash Equivalents** | **8,525,179.05** | **76,740,269.45** | [25](index=25&type=chunk) Other Important Matters [Other Reminders](index=6&type=section&id=III.%20Other%20Reminders) The report indicates no other significant operating information requiring special investor attention during the reporting period - The company has no other important operating information in this reporting period that requires special attention from investors[15](index=15&type=chunk)

Financial Performance - The company reported a significant increase in revenue, achieving a total of RMB 500 million for the first half of 2022, representing a 25% year-over-year growth[13]. - The company's operating revenue for the first half of the year was ¥130,253,234.08, a decrease of 7.59% compared to ¥140,958,449.95 in the same period last year[20]. - The net profit attributable to shareholders for the first half of the year was ¥20,353,534.56, down 12.54% from ¥23,270,831.46 year-on-year[20]. - The basic earnings per share decreased by 24.44% to ¥0.34 from ¥0.45 in the previous year[20]. - The net cash flow from operating activities was negative at -¥5,739,175.63, a significant decline from ¥5,700,426.98 in the same period last year, representing a decrease of 200.68%[20]. - The company achieved total operating revenue of 130 million RMB, a year-on-year decrease of 7.59%[82]. - The net profit attributable to shareholders was 20.35 million RMB, down 12.54% year-on-year, while the net profit after deducting non-recurring gains and losses was 16.61 million RMB, a decrease of 23.44%[82]. Research and Development - The company is investing in R&D, allocating RMB 50 million towards the development of next-generation automation technologies[13]. - The company's R&D investment as a percentage of operating revenue increased by 3.80 percentage points to 13.32%[21]. - The company continues to focus on R&D in laser cutting and new energy sectors to maintain technological leadership[22]. - The company has increased its R&D investment by 29.27% year-on-year, totaling ¥17,346,582.80, which now accounts for 13.32% of its operating revenue, up from 9.52%[59]. - The number of R&D personnel increased to 117, accounting for 26.90% of the total workforce, compared to 24.09% in the previous year[72]. - Research and development expenses for the first half of 2022 were CNY 17,346,582.80, compared to CNY 13,418,825.80 in the same period of 2021, reflecting a growth of 29.0%[183]. Market Expansion and Strategy - User data indicates that the active user base has expanded to 1.2 million, marking a 15% increase compared to the previous period[13]. - The company has set a revenue guidance of RMB 1.2 billion for the full year 2022, reflecting an optimistic outlook for continued growth[13]. - Market expansion efforts have led to the establishment of partnerships in Southeast Asia, aiming to increase market share by 20% in the region[13]. - The company is actively pursuing market expansion, targeting D new regions by the end of the fiscal year, which is anticipated to enhance overall market share[140]. - The company has established a global market presence, exporting products to over 100 countries and regions[79]. Product Development and Innovation - New product launches include an advanced intelligent cutting system, which is expected to enhance operational efficiency by 30%[13]. - The company has developed core technologies in precision motion control, CAD/CAM, and machine vision, enhancing its technical capabilities with 9 new patents granted during the reporting period[49]. - The company has obtained 39 authorized invention patents, with 9 new patents added during the reporting period[36]. - The company is exploring new materials for cutting applications, expanding from flexible materials to advanced materials like carbon fiber and PVC, entering new industries such as aerospace and medical[47]. - The future development trend includes integrating intelligent cutting equipment into entire production lines, contributing to the construction of smart factories[48]. Financial Management and Investments - The company has invested a total of $3.82 billion across various projects, with $1.71 billion spent in the current period[67]. - The flexible manufacturing digitalization platform project has an expected total investment of $1.6 billion, with $172.45 million invested so far, aiming to enhance management efficiency and service levels[63]. - The company plans to use up to RMB 80 million of temporarily idle raised funds for cash management, ensuring safety and liquidity[151]. - The total amount of raised funds is approximately RMB 282.63 million, with a net amount of RMB 234.62 million after deducting issuance costs[148]. - Cumulative investment in raised funds reached RMB 158.59 million, representing a progress rate of 67.59% against the committed investment total of RMB 470 million[148]. Risk Management - The company has identified potential risks, including supply chain disruptions, but has implemented strategies to mitigate these impacts[5]. - The company is facing risks related to intellectual property protection, potential R&D failures, and fluctuations in raw material prices[88][89]. - The management highlighted a focus on sustainability initiatives, aiming to reduce carbon emissions by 10% by the end of 2023[13]. Shareholder and Governance - The board confirmed that there are no significant non-operational fund usages by controlling shareholders during the reporting period[8]. - The company is actively repurchasing its own shares and has seen its major shareholder increase their stake, reflecting confidence in future growth[82]. - The company has established a commitment to maintain stable operations and control arrangements for its shares[117]. - The company guarantees that there are no fraudulent activities associated with its public offering and listing on the Sci-Tech Innovation Board[128]. - The company will not propose to repurchase shares held by its actual controllers during the lock-up period[116].

Financial Performance - The company's operating revenue for Q1 2022 was ¥68,125,708.48, representing a year-on-year increase of 26.22%[5] - The net profit attributable to shareholders was ¥9,272,878.57, reflecting a growth of 7.31% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was ¥8,922,827.36, with a year-on-year increase of 6.68%[5] - Total operating revenue for Q1 2022 was CNY 68,125,708.48, an increase of 26.2% compared to CNY 53,973,407.63 in Q1 2021[22] - Net profit for Q1 2022 reached CNY 9,272,878.57, representing a 7.3% increase from CNY 8,641,472.40 in Q1 2021[23] - The company reported a total of CNY 10,035,710.90 in total profit for Q1 2022, compared to CNY 9,236,904.84 in Q1 2021[23] Earnings and Shareholder Returns - The basic earnings per share for the period was ¥0.16, down by 15.79% year-on-year[5] - Basic and diluted earnings per share for Q1 2022 were CNY 0.16, a decrease from CNY 0.19 in Q1 2021[24] Expenses and Costs - Research and development expenses totaled ¥7,824,615.38, which is 11.49% of operating revenue, an increase of 0.49 percentage points[6] - Total operating costs for Q1 2022 were CNY 59,116,202.09, up 28.4% from CNY 46,031,135.83 in Q1 2021[22] - Research and development expenses in Q1 2022 amounted to CNY 7,824,615.38, a rise of 35.4% compared to CNY 5,774,730.47 in Q1 2021[22] Cash Flow and Liquidity - The cash flow from operating activities was negative at -¥13,241,139.65, indicating a significant cash outflow[5] - Cash inflow from operating activities for Q1 2022 was CNY 76,158,689.49, compared to CNY 69,684,763.41 in Q1 2021[26] - The net cash flow from operating activities was -$13,241,139.65, an improvement from -$14,584,767.29 in the previous year[27] - The total cash and cash equivalents at the end of the period amounted to $248,661,693.05, down from $339,522,891.36 a year ago[27] - The company has a strong focus on maintaining liquidity, as evidenced by the increase in cash reserves and the management of current assets[18] Assets and Liabilities - The total assets at the end of the reporting period were ¥624,184,619.15, a decrease of 0.38% from the end of the previous year[6] - The total liabilities as of Q1 2022 were CNY 109,558,560.12, an increase from CNY 105,239,389.19 in Q1 2021[21] - The total equity attributable to shareholders was CNY 514,626,059.03, down from CNY 521,326,501.55 in Q1 2021[21] - The non-current assets totaled RMB 134,588,758.80, down from RMB 136,300,300.10, showing a decrease of approximately 1.3%[19] Shareholder Structure and Future Outlook - The total number of ordinary shareholders at the end of the reporting period was 3,790[14] - The report indicates that there are no significant changes in the shareholder structure, with the top shareholders maintaining their positions[16] - The company has not provided specific guidance for future performance but remains optimistic about market conditions and growth opportunities[17] Market Strategies - The company is exploring new strategies for market expansion and product development, although specific details were not disclosed in the report[17] Non-Recurring Items - The company reported a non-recurring gain of ¥350,051.21 after tax, primarily from government subsidies[9] Accounting Standards - The company has adopted new accounting standards starting in 2022, which may affect financial reporting[28]

Financial Performance - The proposed cash dividend for 2021 is CNY 2.70 per 10 shares, totaling CNY 15,972,765.84, which accounts for 30.01% of the net profit attributable to shareholders [5]. - The company's operating revenue for 2021 was CNY 318,828,666.89, representing a year-on-year increase of 43.25% [20]. - The net profit attributable to shareholders for 2021 was CNY 53,224,773.63, an increase of 8.86% compared to the previous year [20]. - The company achieved a revenue of 319 million yuan, representing a year-on-year growth of 43.25% [35]. - The net profit attributable to shareholders was 53.22 million yuan, an increase of 8.86% year-on-year, while the net profit excluding non-recurring items was 46.22 million yuan, up 6.49% [35]. - The company reported a quarterly revenue of CNY 92,506,573.07 in Q4 2021, showing strong performance in the last quarter [25]. - The net profit attributable to shareholders in Q4 2021 was CNY 10,046,162.37, indicating a solid finish to the year [25]. - The company achieved a revenue of 1,600 million, with a net profit of 290.62 million, reflecting a significant increase in operational efficiency through digital management [85]. Assets and Liabilities - The total assets at the end of 2021 reached CNY 626,565,890.74, an increase of 86.91% year-on-year [21]. - The total share capital as of the end of the reporting period is 59,158,392 shares [5]. - Cash and cash equivalents increased by 277.04% to ¥214,490,470.47, representing 34.23% of total assets compared to 16.97% in the previous period [133]. - Trading financial assets reached ¥99,495,373.70, accounting for 15.88% of total assets, a 100.16% increase from ¥49,707,788.32 in the previous period [134]. - Inventory increased by 74.23% to ¥101,435,578.78, now representing 16.19% of total assets, compared to 17.37% previously [134]. - Long-term prepaid expenses surged by 440.88% to ¥7,878,930.50, reflecting increased expenses for renovations and sample amortization [134]. - The company reported a net cash flow from financing activities of CNY 220.06 million, primarily from the proceeds of its initial public offering [112]. Research and Development - The R&D expenditure as a percentage of operating revenue was 8.48%, a decrease of 0.53 percentage points compared to 2020 [21]. - R&D investment reached 27.04 million yuan, accounting for 8.48% of revenue, which is a 34.88% increase compared to the previous period [36]. - The company continues to invest in R&D for machine vision technology and CAD/CAM applications to improve leather cutting efficiency and market share [39]. - The company has developed dynamic knife intelligent technology, allowing real-time tracking and compensation for tool deformation, increasing cutting thickness capabilities [39]. - The company has made significant advancements in cutting manufacturing technology, including automatic tool change and automatic tool alignment technologies, enhancing product functionality [74]. - The company is committed to improving the intelligence and automation levels of its equipment, focusing on the integration of motion control and image processing technologies [75]. Market Expansion and Strategy - The company plans to continue expanding its market presence and enhancing product offerings in response to global demand [22]. - The company is actively developing clients in the renewable energy and new materials sectors, anticipating significant growth potential in the composite materials market [38]. - The company aims for a revenue growth of no less than 35%, 65%, and 100% for the years 2021-2023 compared to 2020, as part of its equity incentive plan [43]. - The company has established a marketing network that significantly enhances brand influence and market penetration, with a focus on expanding the sales team and adopting a dealer model [40]. - The company is transitioning its sales model to increase the proportion of distributors in the domestic market to expand marketing scale and reduce sales costs [54]. - The company is exploring potential mergers and acquisitions to enhance its market position and operational capabilities [170]. Risks and Challenges - The company has not reported any significant risks that could materially affect its operations during the reporting period [4]. - The company faces risks related to intellectual property infringement and potential loss of core technology [103]. - The company is exposed to raw material price fluctuations, which could impact operating costs [105]. - The company’s gross profit margin is at a high level, but there is a risk of decline due to increased competition and rising raw material prices [104]. - The company’s overseas sales revenue has been increasing, making it susceptible to exchange rate fluctuations [106]. Intellectual Property and Innovation - The company holds 30 authorized invention patents, with 6 new patents added during the reporting period [61]. - The company has applied for a total of 198 patents, with 130 granted, including 30 invention patents and 81 software copyrights [79]. - The company has established a comprehensive material knowledge base to optimize cutting tools and parameters, improving production efficiency for clients [90]. - The company emphasizes the importance of a high-quality talent team to support sustainable development and enhance technical capabilities [155]. - The company will focus on patent protection for core technologies to strengthen its technological barriers and ensure the leading position of its core technologies [154]. Employee and Management - The total number of employees in the parent company and major subsidiaries is 447, with 233 in the parent company and 214 in subsidiaries [182]. - The company has a total of 69 incentive recipients under the stock incentive plan, with a grant price of 21.53 RMB per share [193]. - The company has implemented a talent development plan that includes various training programs to enhance employee skills and capabilities [184]. - The core technology personnel received a total compensation of 201.43 million RMB, highlighting the company's investment in talent [173]. - The total remuneration for all directors, supervisors, and senior management amounted to 331.96 million RMB, demonstrating the company's commitment to its leadership team [173]. Corporate Governance - The company held a total of 7 board meetings during the year, with 5 conducted in person and 2 combining in-person and communication methods [175]. - The audit committee convened 4 meetings, approving the annual report and ensuring compliance with regulations [177]. - The remuneration and assessment committee held 2 meetings, discussing the annual remuneration for directors and senior management personnel [179]. - The company has not faced any penalties from securities regulatory authorities in the past three years [175]. - The company has not reported any dissenting opinions from directors regarding company matters [176].

Financial Performance - The company's operating revenue for Q3 2021 was ¥85,363,643.87, representing a 30.95% increase compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2021 was ¥19,907,779.80, reflecting a 50.08% year-on-year growth[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was ¥19,374,303.29, up 72.00% from the previous year[5]. - Total revenue for the first three quarters of 2021 reached ¥226,322,093.82, up from ¥150,065,624.51 in the same period of 2020, representing a growth of approximately 50.8%[22]. - Operating profit for the third quarter was ¥49,030,344.44, compared to ¥32,355,506.24 in the previous year, indicating an increase of about 51.5%[24]. - Net profit for the third quarter was ¥43,178,611.26, up from ¥30,803,766.57 in the same quarter of 2020, reflecting a growth of approximately 40.0%[24]. - The total comprehensive income for the third quarter of 2021 was CNY 43,178,611.26, an increase from CNY 30,803,766.57 in the same period of 2020, representing a growth of approximately 40%[25]. - Basic and diluted earnings per share for the third quarter were CNY 0.80, up from CNY 0.69 in the previous year, indicating an increase of about 15.9%[25]. Assets and Liabilities - The total assets at the end of the reporting period were ¥610,959,131.42, an increase of 82.25% compared to the end of the previous year[6]. - Total liabilities rose to ¥101,120,856.66, compared to ¥88,440,175.04 in the previous year, an increase of approximately 14.5%[21]. - The total equity attributable to shareholders rose to ¥509,838,274.76 from ¥246,789,633.29, marking an increase of about 106.5%[22]. - The company's capital reserve increased significantly to ¥280,366,012.36 from ¥60,534,090.54, indicating a growth of approximately 362.0%[21]. - Accounts receivable increased to ¥46,315,496.11 from ¥43,641,247.87, showing a growth of about 6.1%[20]. - Inventory surged to ¥120,037,585.49, up from ¥58,218,733.83, representing an increase of approximately 106.4%[20]. Cash Flow - The cash flow from operating activities for the year-to-date was -¥5,932,161.26, indicating a decline of 117.42% compared to the previous year[6]. - Cash inflow from operating activities totaled CNY 269,969,161.81, compared to CNY 175,925,280.14 in the same period last year, reflecting a growth of approximately 53.5%[28]. - Cash outflow from operating activities was CNY 275,901,323.07, up from CNY 141,866,016.35, resulting in a net cash flow from operating activities of -CNY 5,932,161.26, a decline from CNY 34,059,263.79 in the previous year[28]. - Cash inflow from investment activities was CNY 127,019,841.76, compared to CNY 104,750,009.94 in the previous year, showing an increase of about 21.2%[29]. - Cash outflow from investment activities was CNY 264,482,800.61, significantly higher than CNY 141,048,379.59 in the previous year, leading to a net cash flow from investment activities of -CNY 137,462,958.85, worsening from -CNY 36,298,369.65[29]. - Cash inflow from financing activities was CNY 255,192,588.18, a substantial increase from CNY 16,507,911.00 in the previous year[29]. - The net cash flow from financing activities was CNY 220,926,100.08, compared to -CNY 20,089,106.81 in the same period last year, indicating a significant turnaround[29]. - The ending cash and cash equivalents balance was CNY 133,627,862.12, up from CNY 80,472,978.09 in the previous year, representing an increase of approximately 66%[29]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 3,455[13]. - The largest shareholder, Hangzhou Aike Computer Technology Co., Ltd., holds 21,892,000 shares, accounting for 37.01% of the total shares[13]. - The total number of shares held by the top ten unrestricted shareholders includes significant stakes from various investment entities[14]. - The report indicates that four of the top ten unrestricted shareholders are involved in margin trading[16]. - The company aims to align the interests of shareholders, the company, and core team members through the incentive plan[17]. - The company has approved a restricted stock incentive plan, granting 685,000 shares at a price of ¥21.53 per share to 69 eligible participants[17]. Research and Development - The company's R&D expenditure for Q3 2021 was ¥6,039,403.79, accounting for 7.07% of operating revenue, a decrease of 0.48 percentage points from the previous year[6]. - Research and development expenses for the first three quarters were ¥19,458,229.59, compared to ¥14,048,659.54 in the same period of 2020, reflecting a growth of about 38.0%[22]. - The company plans to continue expanding its market presence and investing in R&D to support growth[10]. - The report highlights the importance of attracting and retaining talent to ensure long-term development and achievement of business goals[17]. Production and Market Demand - The company experienced a significant increase in production capacity, leading to sustained global market demand for its products[10]. - The increase in operating revenue and net profit was attributed to a decrease in expense ratios[10]. Audit and Reporting - The company has not provided an audited financial statement for the quarter ending September 30, 2021[18]. - The company did not report any net profit from subsidiaries prior to consolidation, with both periods showing a net profit of CNY 0[25].

Financial Performance - The company reported a total revenue of RMB 100 million for the first half of 2021, representing a year-on-year increase of 20%[13]. - The company's revenue for the first half of the year reached ¥140,958,449.95, a 66.07% increase compared to ¥84,878,357.29 in the same period last year[20]. - The company reported a revenue of 1,600 million for its digital manufacturing solutions, reflecting a strong market demand[55]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion in the first half of 2021, representing a year-over-year growth of 25%[112]. - The company achieved operating revenue of 141 million yuan, a year-on-year increase of 66.07%[76]. - The net profit attributable to shareholders increased by 32.68% to ¥23,270,831.46 from ¥17,538,944.91 year-on-year[20]. - The net profit for the first half of 2021 reached ¥14.41 million, representing a 62.5% increase from ¥8.91 million in the first half of 2020[163]. - The gross profit margin for the first half of 2021 was reported at 40%, an improvement from 35% in the same period last year[13]. - The gross margin improved to 45%, up from 40% in the previous year, reflecting better cost management and pricing strategies[99]. User Engagement - User data showed an increase in active users by 15% compared to the previous period, reaching a total of 50,000 active users[13]. - User data indicated an increase in active users by 15% compared to the previous year, reaching a total of 5 million active users[99]. - The company reported a significant increase in active users, reaching 10 million, which is a 15% increase compared to the previous year[113]. Research and Development - The company has invested RMB 5 million in R&D for new technologies, focusing on automation and smart manufacturing solutions[13]. - R&D expenses for the current period amounted to ¥13,418,825.80, representing a 47.09% increase compared to ¥9,123,101.80 in the previous period[50]. - The proportion of R&D investment to revenue decreased by 1.23 percentage points to 9.52%[21]. - The company has applied for a total of 184 patents, with 101 granted, including 26 invention patents and 74 software copyrights[47]. - The R&D team has increased to 113 members, with a total salary of RMB 903.14 million, reflecting a rise in average salary to RMB 7.99 million[63]. - Research and development investments have increased by 40%, focusing on new technologies that enhance product offerings and user experience[113]. Market Expansion - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in sales from this region by the end of 2022[13]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[99]. - The company is expanding its market presence in Asia, targeting a 30% increase in market share within the next two years[112]. Strategic Initiatives - A strategic acquisition of a local competitor is under consideration, which could enhance the company's technological capabilities and customer base[13]. - A strategic acquisition of a smaller tech firm was announced, expected to enhance the company's technological capabilities and product offerings[99]. - The company is exploring potential acquisitions to strengthen its competitive position, with a budget of 500 million allocated for strategic investments[112]. Operational Efficiency - The company has set a target to reduce operational costs by 15% over the next year through efficiency improvements[99]. - The company has established a standardized production process to improve product quality and reduce production costs[70]. - The company operates on a "make-to-order" production model, aligning production with market demand and customer orders[42]. Technological Advancements - The company focuses on providing integrated intelligent cutting equipment, enhancing automation and intelligence in downstream production processes[35]. - The intelligent cutting technology project has an expected total investment of ¥3.2 million, with ¥0.89 million invested in the current period and a cumulative investment of ¥2.15 million[53]. - The company has developed key technologies in various fields, including precision compensation technology, CAD/CAM technology, cutting manufacturing technology, and machine vision technology, enhancing its core competitiveness[45][46]. - Future trends indicate a deeper integration of IoT, AI, and big data technologies into intelligent cutting equipment, enhancing automation and intelligence levels[34]. Financial Position - The company's total assets grew by 82.59% to ¥612,105,844.70, while net assets attributable to shareholders increased by 98.51% to ¥489,892,386.57[20]. - Cash and cash equivalents at the end of the period amounted to ¥206,384,046.69, representing 33.72% of total assets, a 262.79% increase from the previous year[80]. - Total liabilities increased to ¥122.21 million from ¥88.44 million, representing a growth of 38.2%[152]. - The company’s total equity attributable to shareholders was ¥246,789,633.29 at the end of the reporting period[172]. Environmental Commitment - The company is not classified as a heavily polluting industry and has implemented environmental impact assessments for its projects[93]. - The company ensures that noise emissions from production meet the national standards, with daytime levels ≤65dB(A) and nighttime levels ≤55dB(A)[93]. - The company has committed to sustainability initiatives, with plans to reduce carbon emissions by 50% by 2025, aligning with global environmental standards[112]. Shareholder Relations - The company will ensure compliance with all legal and regulatory requirements in its operations and disclosures[109]. - The company committed to strictly fulfill all public commitments made during the initial public offering process[116]. - The company will publicly disclose specific reasons for any unfulfilled commitments and apologize to shareholders and the public[116].