Financial Performance - The company's operating revenue for 2020 was RMB 328,956,028.66, representing a 36.50% increase compared to RMB 240,988,957.45 in 2019[20]. - The net profit attributable to shareholders of the listed company reached RMB 128,921,004.74, a growth of 58.02% from RMB 81,584,237.45 in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 123,304,844.02, reflecting a 67.99% increase from RMB 73,401,890.49 in 2019[20]. - The net cash flow from operating activities was RMB 73,797,238.94, showing a slight decrease of 0.29% compared to RMB 74,013,201.24 in the previous year[20]. - As of the end of 2020, the net assets attributable to shareholders of the listed company were RMB 1,091,993,471.28, a significant increase of 296.22% from RMB 275,600,665.56 at the end of 2019[20]. - The total assets of the company reached RMB 1,178,001,303.84, marking a 197.19% increase from RMB 396,379,965.30 in 2019[20]. - The company reported a total revenue of 5,339.97 million RMB, with a net profit of 1,651.06 million RMB, indicating a significant growth compared to the previous year[54]. - The company achieved a total operating revenue of CNY 328.96 million, representing a year-on-year growth of 36.50%[74]. - The net profit attributable to the parent company was CNY 128.92 million, an increase of 58.02% compared to the previous year[74]. - The gross profit margin improved to 63.31%, up by 3.99 percentage points from the previous year[78]. Research and Development - Research and development expenses accounted for 5.84% of operating revenue, down from 6.73% in 2019[21]. - The total R&D investment for the year was approximately ¥19.20 million, representing an increase of 18.37% compared to the previous year[46]. - The number of R&D personnel increased to 67, accounting for 22.95% of the total workforce, up from 17.90% in the previous year[55]. - R&D expenses accounted for an average of 6.2% of the company's revenue over the past three years, significantly higher than the domestic industry average[59]. - The company has accumulated a total of 57 authorized patents, including 25 invention patents and 32 utility model patents as of December 31, 2020[44]. - The company has filed 23 invention patent applications during the reporting period, with 14 patents granted[44]. - The company has made significant progress in R&D, focusing on customer needs and market trends, which has led to the development of new products with independent intellectual property rights[39]. - The company is actively developing high-end functional materials, particularly in the graphene and OLED sectors, indicating a strong market demand and potential for import substitution[41]. Market Position and Strategy - The company specializes in the research, production, and sales of functional materials, with a focus on electronic composite materials, optoelectronic display module materials, and precision process application materials, catering to industries such as consumer electronics and new energy vehicles[31]. - The company has achieved significant market recognition, becoming a well-known player in the domestic functional materials sector, with strong competitive advantages in product performance and rapid response capabilities[39]. - The company has entered the supply chains of major clients like Samsung and BOE, indicating its products meet high-performance requirements for optoelectronic display module materials[32]. - The company is focusing on expanding its product line in high-end functional materials, targeting industries such as consumer electronics and new energy vehicles[60]. - The competitive landscape shows significant opportunities for domestic brands to enhance their market position against foreign competitors in the high-performance materials sector[50]. - The company aims to become a leader in the functional materials sector, focusing on independent R&D and technological innovation, with a commitment to increasing R&D investment and attracting industry talent[107]. Risk Management - The company has outlined various risks and countermeasures in its report, emphasizing the importance of risk management in its operations[4]. - The company faces risks related to reliance on major clients, market expansion challenges, and fluctuations in raw material prices, which could impact operational performance[69]. - The company is actively pursuing risk management improvements to mitigate operational and industry risks[111]. Shareholder Commitments - The company has committed to a 36-month lock-up period for shares held by major shareholders and executives, starting from the date of listing on September 30, 2020[120]. - The company has a commitment to stabilize stock prices for a period of 3 years post-listing, effective from September 30, 2020[121]. - Major shareholders have pledged not to reduce their holdings for 24 months after the lock-up period ends, starting from September 30, 2020[121]. - The company has committed to fulfilling its profit distribution policy as part of its long-term commitments[121]. - The company will prioritize cash dividends over stock distributions, with a cumulative cash distribution of no less than 30% of the average annual distributable profits over the last three years[159]. Environmental and Social Responsibility - The company has implemented an efficient RTO waste gas treatment system and engages qualified third-party organizations for solid waste disposal, adhering to environmental regulations[198]. - During the reporting period, the company donated RMB 1 million to the Wujiang District Charity Association to promote local charitable welfare[197]. - The company is committed to developing eco-friendly materials and enhancing its competitive edge in the "carbon neutrality" era[107]. Financial Management - Cash and cash equivalents reached 49,249.94 million RMB, representing 41.81% of total assets, primarily due to funds raised from the IPO[58]. - Accounts receivable increased to 14,600.28 million RMB, which is 12.39% of total assets, attributed to significant revenue growth in the fourth quarter[58]. - Inventory levels rose to 3,338.76 million RMB, accounting for 2.83% of total assets, as the company prepared to meet customer demand[58]. - The company has a total of RMB 345 million in entrusted financial management with an expected annual return of 3.26%[182]. - The company has a total of RMB 200 million in entrusted financial management with an expected annual return of 3.50%[181].

Financial Performance - Net profit attributable to shareholders increased by 186.04% year-on-year, reaching approximately CNY 33.45 million, driven by increased customer demand and improved management efficiency[9]. - Operating revenue for the period was approximately CNY 65.25 million, representing a growth of 43.30% compared to the same period last year[8]. - Basic and diluted earnings per share were both CNY 0.19, reflecting an increase of 111.11% compared to the previous year[7]. - The net profit excluding non-recurring gains and losses increased by 86.44% year-on-year, amounting to approximately CNY 21.32 million[9]. - Total operating revenue for Q1 2021 reached ¥65,245,562.98, a 43.5% increase from ¥45,530,952.31 in Q1 2020[31]. - Net profit for Q1 2021 was ¥33,453,477.34, up 185.5% compared to ¥11,695,406.05 in Q1 2020[32]. - Operating profit for Q1 2021 was ¥31,200,973.55, representing a 122.3% increase from ¥14,038,376.83 in Q1 2020[31]. - Total profit for Q1 2021 was ¥39,800,474.97, a significant rise from ¥14,039,058.03 in Q1 2020, marking an increase of 184.5%[31]. - Comprehensive income for Q1 2021 totaled ¥33,543,849.47, significantly higher than ¥11,738,256.32 in Q1 2020, reflecting an increase of 185.5%[32]. Cash Flow - The net cash flow from operating activities was approximately CNY 72.10 million, an increase of 135.42% year-on-year[7]. - The net cash flow from operating activities was CNY 72,100,129.51, significantly higher than CNY 30,625,674.12 in the same period last year, indicating a year-over-year increase of about 135.2%[38]. - The cash inflow from operating activities totaled CNY 142,106,500.00, compared to CNY 87,396,349.42 in the previous year, reflecting an increase of approximately 62.5%[38]. - The company reported a net cash decrease of CNY 231,654,075.44 in Q1 2021, compared to a decrease of CNY 38,461,134.59 in Q1 2020[39]. - The cash and cash equivalents at the end of the period were CNY 260,845,330.20, down from CNY 51,834,241.95 at the end of Q1 2020[39]. Assets and Liabilities - Total assets at the end of the reporting period were approximately CNY 1.17 billion, a decrease of 0.70% compared to the end of the previous year[7]. - The company's total assets amounted to CNY 1.17 billion, slightly down from CNY 1.18 billion, indicating a decrease of about 0.2%[24]. - The company’s total liabilities decreased by 54.37% in accounts payable to RMB 2,835.13 million as of March 31, 2021, from RMB 6,213.83 million at the end of 2020, due to payments made for engineering projects[17]. - Total liabilities decreased to CNY 44.80 million from CNY 86.01 million, a reduction of approximately 47.9%[25]. - Shareholders' equity increased to CNY 1.13 billion from CNY 1.09 billion, reflecting an increase of about 3.0%[25]. Research and Development - Research and development expenses accounted for 10.37% of operating revenue, an increase of 2.16 percentage points from the previous year[7]. - Research and development expenses increased by 81.12% to RMB 676.78 million in Q1 2021 from RMB 373.66 million in Q1 2020, reflecting the company's commitment to continuous innovation and new product development[17]. - Research and development expenses increased to ¥6,767,761.32 in Q1 2021, up 81.4% from ¥3,736,573.55 in Q1 2020[31]. Government Incentives - The company received a government listing reward of CNY 8.60 million during the reporting period[9]. - The company received government listing incentive funds, resulting in a significant increase in other income, which reached RMB 860.05 million in Q1 2021, compared to RMB 0.07 million in Q1 2020[17]. Shareholder Information - The company had a total of 7,367 shareholders at the end of the reporting period[13].

Financial Performance - Operating revenue for the first nine months grew by 30.55% year-on-year, totaling CNY 213,904,364.95[6] - Net profit attributable to shareholders rose by 67.97% to CNY 79,102,395.52 for the first nine months[6] - Basic and diluted earnings per share increased by 64.86% to CNY 0.61[7] - The increase in net profit was attributed to sales growth and effective cost control, leading to improved gross profit margins[8] - The company achieved a total profit of ¥58,491,767.41 in Q3 2020, compared to ¥35,435,608.62 in Q3 2019, reflecting a 64.9% increase[35] - The company's operating revenue for Q3 2020 was ¥109,645,289.57, representing an increase from ¥83,209,363.66 in Q3 2019, which is a growth of approximately 31.8%[39] - Net profit for Q3 2020 was ¥49,825,440.52, representing a 65.5% increase from ¥30,052,314.21 in Q3 2019[35] - The total profit for Q3 2020 was ¥58,265,204.32, up from ¥35,622,002.80 in Q3 2019, representing a growth of about 63.6%[40] Asset and Equity Growth - Total assets increased by 196.91% compared to the end of the previous year, reaching CNY 1,176,872,741.71[6] - Net assets attributable to shareholders increased by 278.13% to CNY 1,042,131,828.53[6] - The company’s IPO funding significantly contributed to the growth in total assets and net assets[8] - Owner's equity increased significantly to CNY 1,042,131,828.53 from CNY 275,600,665.56 year-on-year[28] - Total assets as of September 30, 2020, amounted to CNY 1,176,872,741.71, compared to CNY 396,379,965.30 at the end of 2019[27] - Total liabilities increased to CNY 134,740,913.18 from CNY 120,779,299.74 year-on-year[28] - Shareholder equity totaled ¥1,039,577,621.88 in Q3 2020, a substantial increase from ¥272,536,940.33 in Q3 2019[31] Cash Flow and Investment - The net cash flow from operating activities increased by 28.67% to CNY 47,320,930.30[6] - Operating cash inflow for the first three quarters of 2020 was CNY 203,612,009.97, an increase of 15.3% compared to CNY 176,523,410.99 in the same period of 2019[42] - Cash inflow from investment activities in the first three quarters of 2020 totaled CNY 180,443,851.51, significantly higher than CNY 31,703,267.67 in the same period of 2019[43] - The net cash flow from investment activities was negative CNY 40,839,761.08 in Q3 2020, an improvement from negative CNY 68,427,369.90 in Q3 2019[43] - Cash inflow from financing activities in the first three quarters of 2020 was CNY 719,053,301.89, with a net cash flow of CNY 692,291,380.00, a significant rise from CNY 8,483,807.29 in the same period of 2019[43] Expenses and Costs - Research and development expenses accounted for 5.83% of operating revenue, a decrease of 1.47 percentage points[7] - Sales expenses increased by ¥2.90 million, up 33.25%, primarily due to the expansion of the sales team and increased marketing efforts[21] - The company reported a total of ¥8,666,326.89 in income tax expenses for Q3 2020, up from ¥5,383,294.41 in Q3 2019[35] - The company's total operating costs for Q3 2020 were ¥36,565,545.47, compared to ¥33,863,336.21 in Q3 2019, reflecting an increase of approximately 7.9%[39] Accounts and Inventory - Accounts receivable rose by ¥39.47 million, up 46.96%, attributed to significant growth in sales revenue[17] - Inventory grew by ¥17.20 million, an increase of 77.49%, driven by expanded sales scale[17] - The company reported a credit impairment loss of ¥-1,189,582.70 in Q3 2020, compared to ¥-682,770.91 in Q3 2019, which is an increase in losses[39] - Inventory increased to CNY 39,390,970.13 from CNY 22,193,269.76 year-on-year[26]