Financial Performance - The company reported a significant increase in revenue for the first half of 2022, achieving a total of RMB 500 million, representing a growth of 25% compared to the same period last year[12]. - The company's operating revenue for the first half of 2022 was ¥178,124,213.80, representing a 19.55% increase compared to ¥148,999,002.75 in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2022 was ¥67,004,283.34, a 2.89% increase from ¥65,120,444.64 year-on-year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥56,740,836.50, up 17.27% from ¥48,383,363.69 in the previous year[17]. - The company reported a total revenue of 8,538.03 million RMB for the first half of 2022, with a net profit of 1,577.04 million RMB, indicating a significant performance in the market[43]. - Basic earnings per share for the first half of 2022 were ¥0.28, a 3.70% increase from ¥0.27 in the same period last year[18]. Market Expansion and Strategy - User data indicates that the company has expanded its customer base by 15%, reaching a total of 1,200 active clients by the end of June 2022[12]. - The company is actively pursuing market expansion strategies, targeting a 10% increase in market share within the next 12 months[12]. - The company has set a revenue guidance for the second half of 2022, projecting an increase of 20% to reach approximately RMB 600 million[12]. - The company is expanding its market presence by entering two new regions, aiming for a 30% increase in market penetration[96]. - A strategic acquisition of a smaller competitor is in progress, which is anticipated to enhance the company's product offerings and increase market share by 5%[96]. Research and Development - Research and development investments have increased by 30%, totaling RMB 80 million, to enhance product offerings and technological capabilities[12]. - The total R&D investment for the reporting period was ¥15,770,435.75, an increase of 7.97% compared to ¥14,606,113.71 in the same period last year[36]. - The company's R&D investment accounted for 8.85% of operating revenue, down 0.95 percentage points from 9.80% in the previous year[18]. - The company is focusing on developing new products and technologies to enhance its competitive edge in the functional materials sector[40]. - The R&D strategy is centered on customer needs and market trends, with a focus on joint development and collaborative solutions for major clients[25]. Product Development - New product development efforts have led to the launch of three innovative materials, which are expected to contribute an additional RMB 50 million in revenue by the end of the year[12]. - The company is focusing on the development of optical-grade vehicle explosion-proof films, targeting over 90% visible light transmittance and impact resistance[41]. - The company is advancing the research and development of materials for flexible OLED screens, aiming to replace rigid glass with more flexible alternatives[41]. - The company is focusing on developing high-performance conductive composite materials, with a new ultra-low resistance conductive tape aimed at consumer electronics and automotive electronics[43]. Financial Position and Cash Flow - The company has maintained a strong cash position, with cash reserves amounting to RMB 200 million as of June 30, 2022[12]. - Cash and cash equivalents at the end of the period amounted to CNY 257,085,248.94, a 38.66% increase from CNY 185,400,874.47 at the end of the previous year[66]. - The net cash flow from operating activities decreased by 26.05% to CNY 73,718,388.78, mainly due to increased inventory for stable customer demand[63]. - The net cash flow from investing activities increased by 103.67% to CNY 14,716,472.28, resulting from cash management of idle funds[63]. Environmental and Social Responsibility - The company has voluntarily purchased 2 million kWh of green electricity during the reporting period to contribute to the reduction of carbon emissions[91]. - The company has implemented a self-monitoring plan for environmental protection, ensuring compliance with environmental standards through continuous monitoring and third-party testing[88]. - The company has established a dedicated environmental safety department to oversee the implementation and improvement of its environmental protection system[90]. - The company has committed to annual energy-saving and emission reduction targets, promoting a low-carbon lifestyle among employees[91]. Shareholder and Governance - The board of directors has approved a profit distribution plan, although no dividends will be issued for this reporting period[5]. - The company distributed a cash dividend of 0.12 CNY per share, totaling 20,640,000 CNY (after tax), and increased its share capital by 68,800,000 shares, resulting in a total share capital of 240,800,000 shares[163]. - The company has established measures to ensure that executive compensation is linked to the execution of profit distribution policies[134]. - The company emphasizes the importance of maintaining shareholder trust and will publicly address any failures to comply with shareholding commitments[116]. Risks and Challenges - The management highlighted potential risks, including supply chain disruptions and raw material price volatility, which could impact future performance[4]. - Operating costs increased by 25.95% to CNY 70,403,470.57, primarily due to rising raw material and labor costs, as well as depreciation from the "Functional Material Expansion and Upgrade Project" coming into production[63].

Financial Performance - The company's operating income for 2021 was CNY 425,404,856.30, representing a 29.32% increase compared to CNY 328,956,028.66 in 2020[21]. - The net profit attributable to shareholders for 2021 was CNY 184,281,253.25, a 42.94% increase from CNY 128,921,004.74 in 2020[21]. - The net cash flow from operating activities increased by 147.76% to CNY 182,843,520.70 in 2021, compared to CNY 73,797,238.94 in 2020[23]. - The company's total assets as of the end of 2021 were CNY 1,338,877,703.61, a 13.66% increase from CNY 1,178,001,303.84 at the end of 2020[21]. - The net profit after deducting non-recurring gains and losses was CNY 146,872,262.61 in 2021, a 19.11% increase from CNY 123,304,844.02 in 2020[21]. - The company's net assets attributable to shareholders increased by 14.27% to CNY 1,247,811,668.79 at the end of 2021, compared to CNY 1,091,993,471.28 at the end of 2020[21]. - The gross profit margin for the period was 61.27%, a decrease of 2.04 percentage points compared to the previous year[86]. - Operating costs increased by 36.51% year-on-year, reaching 164.76 million yuan, primarily due to rising raw material and labor costs[84]. R&D and Innovation - The R&D expenditure as a percentage of operating income increased to 7.17% in 2021 from 5.84% in 2020, reflecting a growth of 1.33 percentage points[22]. - R&D expenses for the year amounted to 30.49 million RMB, an increase of 58.83% compared to the previous year, accounting for 7.17% of total revenue[34]. - The total R&D investment for the year reached ¥30,488,044.69, a significant increase of 58.83% compared to ¥19,195,752.93 in the previous year[56]. - The company holds a total of 67 authorized patents, including 35 invention patents and 32 utility model patents[54]. - The company is currently developing several projects, including a waterproof and breathable material with a total investment of ¥787.68 million, of which ¥461.99 million has been invested to date[60]. - The company is developing a UV-curable adhesive with both pressure-sensitive and structural adhesive properties, currently in the laboratory stage[61]. - The company is focused on developing green and environmentally friendly composite functional materials to capture a larger market share in the future[51]. Market Position and Strategy - The company specializes in functional materials with applications in consumer electronics, wearable devices, new energy, smart cars, and medical electronics[41]. - The company has established a strong market position in the domestic functional materials sector, recognized for product performance and rapid response capabilities[48]. - The company aims to become a leading player in the functional materials sector, focusing on sustainable growth and continuous innovation[71]. - The company is actively pursuing new customer development, but the lengthy certification process poses a risk to its strategic expansion[74]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2023[137]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from its accounting firm[5]. - The company has confirmed that all directors can guarantee the authenticity, accuracy, and completeness of the annual report[9]. - The company has established specialized committees, including the Audit Committee and the Nomination Committee, to enhance governance[151]. - The internal control system has been implemented effectively, with no significant deficiencies reported during the reporting period[179]. - The company emphasizes fair cooperation with creditors and maintains regular communication to safeguard their interests[200]. Environmental and Social Responsibility - The company invested several million RMB in environmental protection during the reporting period, conducting over 200 hours of EHS leadership training to enhance environmental and safety awareness among employees[182]. - The company has implemented multiple environmental management procedures, including waste management and wastewater treatment protocols, to ensure compliance with environmental standards[190]. - The company has set annual energy-saving and emission reduction targets and promotes low-carbon living and green practices among employees[193]. - The company donated 1.5 million RMB to the University of Science and Technology of China over five years (2021-2025) to support the development of the School of Chemistry and Materials Science[183]. - The company organized a table tennis invitational tournament in November 2021 to promote sports and enhance community engagement[198]. Shareholder Returns and Capital Structure - The company plans to distribute a cash dividend of 1.20 RMB per 10 shares, totaling 20,640,000 RMB, which accounts for 11.20% of the net profit attributable to shareholders[5]. - The company will increase its total share capital by 68,800,000 shares through a capital reserve conversion, raising the total share capital to 240,800,000 shares[5]. - The company has not distributed bonus shares for the 2021 fiscal year[5]. - The cash dividend represents 11.20% of the net profit attributable to shareholders of the parent company for the year[163].

Revenue and Profit - Revenue for Q1 2022 was CNY 80,767,057.10, an increase of 23.79% compared to the same period last year[3] - Net profit attributable to shareholders decreased by 14.83% to CNY 28,491,318.10[3] - Total operating costs for Q1 2022 were CNY 54,626,651.22, up 34.1% from CNY 40,743,743.60 in Q1 2021[19] - Net profit for Q1 2022 was CNY 28,491,318.10, a decrease of 14.5% from CNY 33,453,477.34 in Q1 2021[20] - Earnings per share for Q1 2022 was CNY 0.17, down from CNY 0.19 in Q1 2021[21] - The total profit for Q1 2022 was ¥25,396,569.56, a decrease of 38.5% from ¥41,320,955.75 in Q1 2021[33] Cash Flow and Investments - Net cash flow from operating activities fell by 56.86% to CNY 31,104,569.00 due to increased outflows from purchases and employee compensation[7] - In Q1 2022, the cash inflow from operating activities was CNY 127,249,646.92, a decrease of 10.4% compared to CNY 142,106,500.00 in Q1 2021[23] - The net cash flow from operating activities was CNY 31,104,569.00, down 56.9% from CNY 72,100,129.51 in the same period last year[23] - The cash inflow from investment activities was CNY 146,476,340.96, a decrease of 9.4% from CNY 161,722,516.55 in Q1 2021[25] - The net cash flow from investment activities was CNY 17,491,415.25, a significant improvement from a negative CNY 303,860,125.48 in Q1 2021[25] - The company received cash inflows from investment activities totaling ¥86,289,601.24 in Q1 2022, down from ¥159,038,628.25 in Q1 2021[36] - The cash outflow for investment activities in Q1 2022 was ¥69,986,760.42, significantly lower than ¥431,246,208.98 in Q1 2021[36] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,339,771,041.25, a slight increase of 0.07% from the end of the previous year[5] - Total assets as of Q1 2022 were CNY 1,339,771,041.25, slightly up from CNY 1,338,877,703.61 at the end of Q1 2021[17] - Total liabilities for Q1 2022 were CNY 61,736,548.13, down from CNY 91,066,034.82 in Q1 2021[20] - The total liabilities remained stable at CNY 66,566,703.91 compared to CNY 86,306,997.74 in Q1 2021[29] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 4,245[8] - The top three shareholders held a combined 61.28% of the shares, indicating significant ownership concentration[8] - Shareholders' equity attributable to shareholders increased by 2.42% to CNY 1,278,034,493.12[5] Research and Development - R&D investment totaled CNY 7,836,100.88, representing 9.70% of revenue, a decrease of 0.67 percentage points[3] - Research and development expenses for Q1 2022 were CNY 7,836,100.88, compared to CNY 6,767,761.32 in Q1 2021, indicating a focus on innovation[19] - Research and development expenses for Q1 2022 were ¥6,722,769.45, compared to ¥6,323,097.13 in Q1 2021, reflecting a year-over-year increase of 6.3%[33] Other Financial Metrics - Non-recurring gains and losses amounted to CNY 4,902,032.21 after tax adjustments[6] - Basic and diluted earnings per share were both CNY 0.17, a decrease of 10.53%[3] - Other comprehensive income for Q1 2022 was CNY -2,270.31, compared to CNY 90,372.13 in Q1 2021, reflecting changes in foreign currency translation[20] - The company reported a financial expense of CNY -81,025.29 in Q1 2022, an improvement from CNY -831,078.47 in Q1 2021[20] Inventory and Receivables - Accounts receivable decreased to RMB 135.82 million from RMB 169.77 million, a decline of about 20.0%[15] - The company reported a decrease in accounts receivable to CNY 144,901,897.23 from CNY 177,249,027.97 year-over-year[28] - Inventory rose to RMB 54.03 million, up from RMB 43.51 million, indicating an increase of approximately 24.1%[15] Strategic Initiatives - The company plans to invest at least RMB 9.88 million per acre in the "Shihua Technology Innovation Center Project" in the Zhangjiang High-Tech Park, with an expected annual tax contribution of no less than RMB 3 million per acre after completion[12] - The company has entered the land auction phase for the Jiangsu Sitop project, indicating ongoing market expansion efforts[12] - The company is actively pursuing new projects and investments to enhance its market position and operational capabilities[12] - The company has a strategic partnership with Huatai Innovation Investment Co., which holds 2.15 million shares with a 24-month lock-up period[11]

Financial Performance - The company's operating revenue for Q3 2021 reached ¥152,717,036.64, representing a year-on-year increase of 37.03%[4] - The net profit attributable to shareholders for the same period was ¥60,743,218.73, up 21.91% compared to the previous year[4] - The basic earnings per share for Q3 2021 was ¥0.35, a decrease of 10.26% compared to the same period last year[4] - The weighted average return on equity decreased by 10.47 percentage points to 5.26% in Q3 2021[4] - Total operating revenue for the first three quarters of 2021 reached ¥301,716,039.39, a 41.0% increase from ¥213,904,364.95 in the same period of 2020[19] - Net profit for the first three quarters of 2021 was ¥125,863,663.37, representing a 59.0% increase compared to ¥79,102,395.52 in the same period of 2020[20] - The company reported a profit before tax of ¥146,986,786.99 for the first three quarters of 2021, compared to ¥93,011,180.61 in the same period of 2020[20] Research and Development - Research and development (R&D) expenses totaled ¥8,039,798.40 in Q3 2021, marking a significant increase of 62.48% year-on-year[4] - The company’s R&D investment accounted for 5.26% of its operating revenue in Q3 2021, an increase of 0.82 percentage points from the previous year[5] - Research and development expenses for the first three quarters of 2021 totaled ¥22,645,912.11, an increase of 81.8% from ¥12,479,956.91 in the previous year[19] - The company continues to focus on expanding its market presence and investing in new technologies, as indicated by the significant increase in R&D expenses[19] Assets and Liabilities - The total assets of the company at the end of the reporting period were ¥1,280,025,987.49, reflecting an increase of 8.66% from the previous year[5] - The company's current assets decreased to RMB 444,738,841.69 from RMB 686,529,683.75 at the end of 2020, representing a decline of approximately 35.3%[14] - The total liabilities as of the end of the third quarter of 2021 amounted to ¥91,406,737.64, compared to ¥86,007,832.56 at the end of the same period in 2020[16] - The total equity attributable to shareholders of the parent company increased to ¥1,188,619,249.85 from ¥1,091,993,471.28 year-over-year[16] Cash Flow and Investments - The net cash flow from operating activities for the year-to-date period was ¥84,765,369.23, an increase of 79.13% year-on-year[4] - The company reported a strong liquidity position, although specific cash flow figures were not detailed in the provided content[21] - The net cash flow from operating activities for the first three quarters of 2021 was approximately $84.77 million, compared to $47.32 million in 2020, indicating a year-over-year increase of approximately 79.3%[22] - The total cash inflow from investment activities in the first three quarters of 2021 was approximately $235.85 million, up from $180.44 million in 2020, reflecting an increase of about 30.6%[23] - The net cash flow from investment activities was negative at approximately -$397.59 million in 2021, compared to -$40.84 million in 2020, indicating a significant decline in investment returns[23] - The net cash flow from financing activities in 2021 was approximately -$34.40 million, a decrease from a positive $692.29 million in 2020, showing a substantial shift in financing strategy[23] Shareholder Information - The company reported a total of 4,548 common shareholders at the end of the reporting period[7] - The company has engaged in strategic placements, with Huatai Innovation Investment Co., Ltd. participating in a strategic placement of 2,150,000 shares, subject to a 24-month lock-up period[10]

Financial Performance - The company reported a revenue of RMB 200 million for the first half of 2021, representing a year-on-year increase of 25% compared to the same period in 2020[13]. - The company's operating revenue for the first half of the year reached ¥148,999,002.75, representing a 45.43% increase compared to ¥102,456,383.26 in the same period last year[19]. - Net profit attributable to shareholders increased by 122.43% to ¥65,120,444.64 from ¥29,276,955.00 year-on-year[21]. - The net cash flow from operating activities surged by 140.36% to ¥99,682,300.83, up from ¥41,471,383.67 in the previous year[21]. - Basic earnings per share rose by 65.22% to ¥0.38, compared to ¥0.23 in the same period last year[20]. - The company reported a total revenue of 4,817.60 million RMB for the first half of 2021, with a net profit of 1,369.84 million RMB, representing a significant increase compared to the previous period[50]. - The net profit attributable to the parent company reached CNY 65.12 million, up 122.43% year-on-year, while the net profit after deducting non-recurring gains and losses was CNY 48.38 million, an increase of 73.91%[58]. Research and Development - The company is investing RMB 50 million in R&D for new materials and technologies, focusing on enhancing product performance and sustainability[13]. - The proportion of R&D investment to operating revenue increased by 2.45 percentage points to 9.80% from 7.35% year-on-year[20]. - Research and development (R&D) expenses reached ¥14,606,113.71, representing a 93.93% increase compared to the previous period, with R&D expenses accounting for 9.80% of operating revenue, an increase of 2.45 percentage points[44][45]. - The R&D personnel count increased to 79, accounting for 20.84% of the total workforce, with total R&D compensation reaching 940.04 million RMB, up from 561.99 million RMB in the previous period[53]. - The company has achieved a total of 61 authorized patents, including 29 invention patents and 32 utility model patents, as well as 16 other intellectual property rights[40]. - The company has made technological breakthroughs in the functional materials niche, with some products achieving performance levels comparable to international standards[36]. - The company has established several research centers and innovation bases, including the Jiangsu Provincial Functional Polymer Materials Engineering Research Center[40]. Market Expansion and Strategy - Future outlook indicates a projected revenue growth of 20% for the second half of 2021, driven by new product launches and market expansion strategies[13]. - Market expansion efforts include entering two new international markets, aiming for a 10% increase in overseas sales by the end of 2021[13]. - The company has no plans for mergers or acquisitions in the near term, focusing instead on organic growth and product development[13]. - The company competes directly with international leading material companies in the electronic composite functional materials sector, enhancing its international competitiveness[28]. - The company has entered the supply chains of major screen module manufacturers such as Samsung and BOE, with some products already achieving sales[28]. Operational Efficiency - The company has implemented cost control measures that are expected to reduce operational expenses by 5% in the next quarter[13]. - The company has maintained close cooperation with clients, leading to significant achievements in new product development and project application scenarios[21]. - The company operates under a direct sales model, which includes terminal customer certification and direct customer procurement[30]. - The procurement model is based on "production-driven purchasing," where raw material quantities are determined by production plans and inventory levels[31]. Risks and Challenges - The management highlighted potential risks including supply chain disruptions and raw material price fluctuations, which could impact future performance[13]. - The company faces risks related to the fluctuation of raw material prices, which could increase the cost of main business operations[64]. - The company is exposed to risks from intensified competition in the functional materials industry, particularly from foreign manufacturers[64]. Environmental Commitment - The company is actively involved in the development of green and solvent-free materials, aligning with national goals for carbon neutrality[38]. - The company established an RTO waste gas treatment device to minimize environmental impact during production[94]. - The company is actively responding to national carbon neutrality goals by optimizing process parameters to reduce energy consumption[96]. Shareholder Commitments - The company has committed to a 36-month lock-up period for shares held by major shareholders and executives since the IPO date on September 30, 2020[99]. - The company has a commitment to not transfer or manage shares during the lock-up period, with a maximum annual transfer limit of 25% of pre-IPO shares after the lock-up[104]. - The company has a long-term commitment to disclose information responsibly and bear related compensation responsibilities[100]. - The company will ensure that the cumulative cash distribution over the last three years is not less than 30% of the average annual distributable profit during that period[142]. Share Repurchase and Stock Incentives - The company will implement stock buyback measures if its stock price falls below the latest audited net asset value for 20 consecutive trading days[127]. - The company has established a stock incentive plan to motivate and retain key personnel, which is expected to enhance overall performance and align interests[175]. - The company plans to grant a total of 1,195,000 restricted stocks to no more than 30 incentive objects under the 2021 Restricted Stock Incentive Plan[175].

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]