Financial Performance - The company reported a total revenue of RMB 200 million for the first half of 2022, representing a year-on-year increase of 15%[14]. - The company's Q2 2022 revenue reached CNY 96.03 million, a quarter-on-quarter increase of 41.41% and a year-on-year increase of 37.16%[20]. - For the first half of 2022, total revenue was CNY 163.95 million, representing a year-on-year growth of 21.14%[21]. - The net profit attributable to shareholders for Q2 2022 was CNY 36.48 million, a quarter-on-quarter increase of 81.99% and a year-on-year increase of 67.81%[22]. - The net profit attributable to the parent company for the first half of 2022 was CNY 56.53 million, up 39.41% year-on-year, with Q2 net profit at CNY 36.48 million, a 67.81% increase[89]. - The gross margin for Q2 2022 improved to 56.80%, up 1.26 percentage points from Q1 2022[23]. - The gross margin for Q2 was 56.80%, up 1.26 percentage points from Q1, while the net margin for the first half of the year was 34.48%, an increase of 7.80 percentage points compared to the previous year[76]. - The company achieved a total R&D expenditure of ¥20,770,931.19, representing a 40.65% increase compared to ¥14,768,173.73 in the same period last year[52]. - The company reported a significant increase in interest income, which rose to CNY 21,195,399.57 from CNY 1,143,372.96 in the same period last year[198]. User Growth and Market Expansion - User data showed an increase in active users by 20% year-on-year, reaching 1 million active users by June 30, 2022[14]. - The company plans to launch two new product lines in Q3 2022, aiming to capture a larger market share in the electronic measurement sector[14]. - The company is expanding its market presence in Europe and North America, with a target of establishing three new distribution partnerships by the end of 2022[14]. - The company is positioned to capture significant growth opportunities in the high-end product market, driven by increasing demand for advanced testing solutions in sectors like 5G, AI, and automotive electronics[33]. - The company is considering strategic acquisitions to enhance its market position, with a budget of $100 million allocated for potential deals[122]. - Market expansion plans include entering three new international markets by Q4 2022[127]. Research and Development - Research and development expenses increased by 30% in the first half of 2022, reflecting the company's commitment to innovation and new technology development[14]. - R&D expenses accounted for 12.67% of operating revenue, an increase of 1.76 percentage points compared to the previous year[20]. - The company holds a total of 239 patents, including 159 invention patents, and has undertaken 11 national and local R&D projects, demonstrating its commitment to innovation and technology advancement[40]. - The company has developed advanced digital signal processing technologies, enhancing product functionality and expanding application areas significantly[45]. - The company has made significant advancements in RF and microwave design technology, resulting in high-cost performance for RF microwave testing instruments[48]. - The company has filed multiple patents related to its research and development projects, indicating ongoing innovation efforts[163]. Product Development and Technology - The company is the only domestic manufacturer capable of simultaneously developing, producing, and selling four major general electronic test and measurement instruments: digital oscilloscopes, signal generators, spectrum analyzers, and vector network analyzers[29]. - The company's product line now includes digital oscilloscopes, waveform and signal generators, spectrum analyzers, vector network analyzers, and power supplies, catering to a wide range of testing needs[36]. - The company has developed a range of signal generators with output frequency capabilities from 10MHz to 1GHz and sampling rates from 125MSa/s to 5GSa/s, enhancing signal precision and phase noise performance[37]. - The company has achieved a dynamic range of 125dB and a directional performance of 41dB in its vector network analyzers, which are essential for multi-port S-parameter measurements[38]. - The company has developed core technologies such as high bandwidth low noise oscilloscope technology and high sampling rate DDS signal generator technology[61]. - The company has introduced integrated and compact designs for its spectrum analyzers, enhancing functionality while reducing costs[48]. Financial Position and Investments - The company maintains a strong cash position with RMB 100 million in cash reserves, providing flexibility for future investments[14]. - The company reported a significant increase in accounts receivable by 48.61% to CNY 71.23 million, attributed to revenue growth[95]. - Inventory levels rose by 21.83% to CNY 122.38 million as a strategy to mitigate supply chain disruptions[95]. - The company has a comprehensive quality management system certified by ISO 9001 and ISO 14001, ensuring product reliability and stability[65]. - The company has not reported any major contracts or guarantees during the reporting period[160]. - The total amount of raised funds is CNY 1,242,668,220, with a net amount of CNY 1,150,717,166.82 after deducting issuance costs[161]. Risks and Challenges - The management highlighted potential risks including supply chain disruptions and increased competition in the electronic measurement industry[14]. - The company faced risks related to core technology personnel turnover, which could impact innovation and market competitiveness[83]. - The company enjoyed tax benefits amounting to 7.60 million yuan, accounting for 12.05% of total profit, which could be affected by future policy changes[86]. - Foreign exchange losses amounted to 0.33 million yuan, highlighting the impact of currency fluctuations on the company's financial performance[86]. Shareholder Commitments and Governance - The company has implemented measures to stabilize stock prices for a duration of three years from the listing date[118]. - The company will not transfer or entrust the management of its pre-IPO shares for 36 months from the date of listing[128]. - The company has committed to resolving related party transactions and competition issues as part of its ongoing commitments[112]. - The independent directors have pledged to fulfill all public commitments made during the IPO process[152]. - The company will disclose any failure to fulfill commitments and propose supplementary or alternative commitments to protect investor rights[142].

Financial Performance - The company reported a total revenue of RMB 200 million for the first half of 2022, representing a year-on-year increase of 15%[14]. - The company’s net profit for the first half of 2022 was RMB 30 million, an increase of 20% year-on-year[14]. - The company's Q2 2022 revenue reached CNY 96.03 million, a quarter-on-quarter increase of 41.41% and a year-on-year increase of 37.16%[20]. - The net profit attributable to shareholders for the first half of 2022 was CNY 56.53 million, representing a year-on-year growth of 39.41%[21]. - The company achieved a total R&D investment of ¥20,770,931.19, representing a 40.65% increase compared to ¥14,768,173.73 in the same period last year[52]. - The company achieved operating revenue of CNY 163.95 million in the first half of 2022, a year-on-year increase of 21.14%[89]. - The net profit attributable to the parent company for the first half of 2022 was CNY 56.53 million, up 39.41% year-on-year, with Q2 net profit at CNY 36.48 million, a 67.81% increase[89]. - The company reported a significant increase in accounts receivable by 48.61% to CNY 71.23 million, attributed to revenue growth[95]. - The company reported a total of 20,760,000 shares held by shareholder Shao Haitao, representing 19.46% of the total shares[175]. Market Expansion and Product Development - The company plans to launch two new product lines in Q3 2022, focusing on advanced signal generators and spectrum analyzers[14]. - The company is expanding its market presence in Europe, targeting a 10% market share by the end of 2023[14]. - The company is positioned to capture significant growth opportunities in the high-end product market, driven by increasing demand for advanced testing solutions in sectors such as 5G, artificial intelligence, and automotive electronics[33]. - The company is considering strategic acquisitions to enhance its product portfolio, targeting a deal valued at approximately $100 million[127]. - The company is investing in R&D, with a budget increase of 30% for new technology development[125]. - Market expansion plans include entering three new international markets by Q4 2022[126]. Research and Development - Research and development expenses increased by 30% in the first half of 2022, totaling RMB 15 million, to support new technology initiatives[14]. - R&D expenses accounted for 12.67% of operating revenue, an increase of 1.76 percentage points compared to the previous year[20]. - The company has achieved a significant milestone with 239 patents, including 159 invention patents, and 40 software copyrights, reflecting its commitment to innovation and technology development[40]. - The company has established a stable and innovative R&D team, with core technical personnel having over ten years of experience in the electronics industry[60]. - The company has focused on software platform technology, enhancing product extensibility and user interaction, which accelerates new product development[48]. Product Performance - High-end product sales saw a significant increase, with revenue from high-end products growing by 119% year-on-year, particularly in high-resolution oscilloscopes and RF microwave products[22]. - The average selling price of products increased by 16.47% year-on-year, with significant increases in specific categories: products priced over 30,000 yuan saw a 225.64% increase, and those over 50,000 yuan increased by 439.55%[73]. - The high-resolution digital oscilloscope series saw a revenue increase of 241.89% year-on-year, while RF microwave products grew by 89.40%[76]. - The company has developed advanced digital signal processing technologies, enhancing product functionality and expanding application areas significantly[45]. Operational Efficiency and Challenges - The company has improved its product delivery and revenue recovery in Q2 2022, addressing supply chain challenges effectively[67]. - The company has identified potential risks related to supply chain disruptions and has implemented strategies to mitigate these risks[14]. - The net cash flow from operating activities was CNY 3.55 million, a decrease of 50.08% compared to the previous year[21]. - The company faced risks related to core technology personnel turnover, intellectual property disputes, and raw material price increases[83]. Shareholder Commitments and Governance - The company has implemented a stock incentive plan, which was approved in the board meeting on June 21, 2022[105]. - The company has committed to maintaining shareholder value through a stock buyback program, aiming to repurchase up to $20 million worth of shares[121]. - The company will ensure that any share repurchase actions comply with relevant laws and regulations[141]. - The controlling shareholders have committed to maintaining the stability of the company's control and governance structure[152]. Environmental Commitment - The company emphasized its commitment to environmental protection, ensuring compliance with national regulations and maintaining zero industrial wastewater discharge[108]. - The company continues to focus on clean production and pollution control measures[108].

Financial Performance - The company's operating revenue for Q1 2022 was ¥67,910,991.30, representing a year-on-year increase of 3.96%[5] - Net profit attributable to shareholders was ¥20,047,193.14, reflecting a year-on-year growth of 6.59%[5] - The total operating revenue for Q1 2022 was CNY 67,910,991.30, an increase of 3.99% compared to CNY 65,325,176.17 in Q1 2021[25] - Net profit for Q1 2022 reached CNY 20,047,193.14, compared to CNY 18,807,812.72 in Q1 2021, representing an increase of 6.59%[26] - The total comprehensive income for Q1 2022 was ¥19,902,699.35, compared to ¥18,821,729.06 in Q1 2021, indicating an increase of about 5.7%[27] - The basic and diluted earnings per share for Q1 2022 were both ¥0.19, down from ¥0.24 in Q1 2021, reflecting a decrease of 20.8%[27] Research and Development - The total R&D investment amounted to ¥10,076,227.45, which is an increase of 38.03% compared to the previous year[6] - The proportion of R&D investment to operating revenue increased to 14.84%, up by 3.66 percentage points year-on-year[6] - R&D expenses grew by 38.03% as the company continued to increase its investment in research and development[12] - Research and development expenses for Q1 2022 were CNY 10,076,227.45, an increase of 37.76% from CNY 7,299,964.36 in Q1 2021[26] Cash Flow and Liquidity - The cash flow from operating activities showed a significant decline, with a net outflow of ¥4,186,396.68, a decrease of 704.62%[5] - Cash inflows from operating activities for Q1 2022 totaled ¥87,571,356.27, up from ¥71,178,103.43 in Q1 2021, marking an increase of approximately 23.1%[29] - Cash outflows from operating activities for Q1 2022 were ¥91,757,752.95, compared to ¥71,698,399.86 in Q1 2021, resulting in a net cash flow from operating activities of -¥4,186,396.68, worsening from -¥520,296.43 in Q1 2021[29] - The cash and cash equivalents at the end of Q1 2022 were ¥1,274,137,599.35, slightly down from ¥1,280,838,432.60 at the beginning of the period[30] Expenses and Costs - Sales expenses rose by 58.76% as the company increased marketing investments and faced rising shipping costs[12] - Management expenses surged by 118.81% due to the inclusion of audit and intermediary fees in this year's expenses[12] - Tax expenses increased by 47.77% due to higher profits from subsidiaries subject to a higher tax rate[12] - Total operating costs for Q1 2022 were CNY 48,114,936.50, up from CNY 46,244,672.74 in Q1 2021, reflecting a year-over-year increase of 4.03%[25] Assets and Liabilities - The total assets as of Q1 2022 amounted to CNY 1,472,611,168.56, slightly up from CNY 1,469,728,259.37 at the end of Q1 2021[21] - Current liabilities decreased to CNY 50,021,207.47 in Q1 2022 from CNY 68,100,616.00 in Q1 2021, a reduction of 26.54%[21] - The total liabilities decreased to CNY 61,349,023.76 in Q1 2022 from CNY 78,368,813.92 in Q1 2021, a decline of 21.73%[22] - The total liabilities decreased to CNY 66,227,271.10 in Q1 2022 from CNY 83,874,796.84 in Q1 2021, reflecting a reduction of approximately 21.2%[33] Market Performance - The average sales price of products priced above ¥10,000 saw a year-on-year increase in order amount of approximately 49%, with revenue growth of 35.52%[7] - The company experienced a 36% year-on-year increase in order amounts, with domestic and international markets growing by approximately 35% and 36%, respectively[7] - New high-end products launched in 2021 saw a revenue increase of 180.66%, while the 2GHz 12bit high-resolution digital oscilloscope series launched in 2020 experienced a 103.86% revenue growth[8] Workforce and Personnel - The company plans to expand its workforce in R&D and marketing, expecting a 67% increase in total personnel by June 2022 compared to the end of 2020[9]

Financial Performance - The proposed cash dividend for 2021 is CNY 4.6875 per 10 shares, totaling CNY 50,000,015.63, which accounts for 61.68% of the net profit attributable to shareholders[4]. - The company has not achieved profitability since its listing[4]. - The company's operating revenue for 2021 was ¥303,823,156.30, representing a 37.60% increase compared to ¥220,800,332.75 in 2020[22]. - Net profit attributable to shareholders reached ¥81,058,482.42, a 50.92% increase from ¥53,710,513.67 in the previous year[22]. - The basic earnings per share (EPS) for 2021 was ¥0.99, up 47.76% from ¥0.67 in 2020[23]. - The total assets at the end of 2021 amounted to ¥1,469,728,259.37, a significant increase of 585.74% compared to ¥214,328,774.04 in 2020[22]. - The company's net assets attributable to shareholders increased to ¥1,391,359,445.45, reflecting a 768.43% growth from ¥160,215,131.17 in 2020[22]. - The cash flow from operating activities showed a net decrease of 33.79%, totaling ¥36,563,840.34 compared to ¥55,219,917.79 in 2020[22]. - The company achieved a revenue of 303.82 million yuan in 2021, representing a year-on-year growth of 37.60%[32]. - Net profit attributable to the parent company was 81.06 million yuan, with a year-on-year increase of 50.92%[32]. - The gross margin for the main business was 56.86%, slightly down by 0.32 percentage points compared to the previous year, primarily due to rising raw material prices[100]. - The company enjoyed tax benefits amounting to CNY 12.20 million, accounting for 13.49% of the total profit during the reporting period[92]. - The company faced risks from rising raw material prices and tight chip supply, which extended delivery times and impacted overall revenue[91]. - The company reported a foreign exchange loss of CNY 4.98 million due to fluctuations in the RMB against USD and EUR, affecting operational performance[93]. Research and Development - The company is investing in R&D to develop next-generation high-speed ADC chips, which are expected to significantly enhance product capabilities[11]. - Research and development (R&D) expenses accounted for 12.60% of operating revenue, a slight decrease from 13.08% in 2020[23]. - The company emphasized innovation and R&D as core drivers of growth, enhancing its product offerings and brand influence[24]. - The company has developed advanced digital signal processing technologies, enhancing product functionality and expanding application fields significantly[69]. - The company has developed a modular design for its software platform, allowing for independent upgrades and performance enhancements, which increases product flexibility and market responsiveness[61]. - The company has initiated the development of high-end digital oscilloscope front-end 4GHz amplifier chips and 10GSa/s sampling rate high-speed ADC chips, aiming to enhance its core proprietary chip capabilities[62]. - The company has developed a series of core technologies including "high bandwidth low noise oscilloscope technology" and "real-time spectrum analysis technology," resulting in a total of 208 patents, of which 135 are invention patents[83]. - The company applied for a total of 50 domestic patents during the reporting period, including 37 invention patents, and received 62 new authorized patents, of which 50 were invention patents[185]. - The company holds 208 patents, including 135 invention patents, and has undertaken 11 R&D and industrialization projects supported by national and local government[64]. Product Development and Innovation - The company reported significant improvements in its product specifications, including higher sampling rates and increased ADC resolution, enhancing signal accuracy and performance[11]. - The introduction of new digital triggering algorithms has improved triggering stability and frequency response, addressing issues related to signal integrity[12]. - The company is focusing on expanding its product line with advanced features such as real-time analysis bandwidth and enhanced dynamic range, which broadens application scenarios[11]. - Future product developments will include advanced algorithms for signal processing and modulation, aimed at improving measurement accuracy and efficiency[12]. - The company launched new high-end products, including a 2GHz bandwidth 12-bit digital oscilloscope, filling a domestic market gap[43]. - The company is the only domestic competitor with all four major product lines entering the high-end market[42]. - The company has launched high-end products such as a 2GHz bandwidth 10-bit/12-bit high-resolution digital oscilloscope and a 26.5GHz high-end vector network analyzer, with sales increasing year-on-year[84]. - The company is currently developing a high-end RF microwave signal generator with an output frequency of 40GHz, with plans for next-generation spectrum analyzers and vector network analyzers reaching 40GHz and 67GHz respectively[128]. - The company plans to enhance its product offerings by developing high-end digital oscilloscopes with bandwidths of 4GHz, 8GHz, and 16GHz, aiming for future products with bandwidths of 30-60GHz[127]. Market Strategy and Expansion - The company aims to enhance its market presence through strategic partnerships and potential acquisitions to drive growth in the technology sector[15]. - The company plans to leverage its expertise in circuit modularization to shorten product development cycles and improve reliability[12]. - The company is focused on increasing its global market share and brand influence through improved marketing channels and product promotion strategies[124]. - The company plans to expand its product offerings and improve management of distributors to enhance service quality and brand promotion[91]. - The company aims to strengthen its market presence in Europe and the US by launching new products and enhancing after-sales services, while also increasing efforts in the domestic market, particularly in industrial regions[129]. - The company is considering strategic acquisitions to enhance its market position, with a budget of RMB 200 million allocated for potential deals[143]. - The company has established a comprehensive procurement system, utilizing a "production-based procurement" model to ensure supply chain efficiency and meet operational needs[51]. - The company primarily adopts a distribution-based sales model, supplemented by direct sales, particularly in North America and domestically, while focusing on distribution in Europe and other regions[50]. Corporate Governance and Compliance - There are no significant risks or non-operational fund occupation by controlling shareholders[5]. - The audit report for the financial statements was issued without reservations by the accounting firm[6]. - The company has confirmed that all board members attended the board meeting[6]. - The financial report is guaranteed to be true, accurate, and complete by the responsible executives[6]. - The company has not faced any penalties from securities regulatory authorities in the past three years[146]. - The company has established a detailed and comprehensive information disclosure system to ensure timely and accurate information release[184]. - The company emphasizes ESG as a critical component of its operations, integrating social responsibility into its long-term development strategy[166]. - The company has implemented a talent strategy focusing on elite personnel, with a compensation management system designed to attract and retain talent[158]. - The company has established a long-term cooperation with third-party intellectual property institutions to ensure the standardization of its intellectual property system[185]. Employee and Community Engagement - The company conducted regular health checks for employees and provided free protective materials during the pandemic, achieving a zero infection rate among employees[182]. - The company has set up an investor relations section on its official website to enhance communication with investors[183]. - The company actively engages in community support and charity activities, contributing to social responsibility initiatives[176]. - The company donated 120,000 RMB to support educational initiatives, enhancing the quality of higher education in electrical and electronic engineering[174]. - Employee stock ownership includes 68 employees, representing 23.21% of the total workforce, with 1,178,000 shares held, accounting for 11.04% of total share capital[179]. Risk Management - The company faced risks from rising raw material prices and tight chip supply, which extended delivery times and impacted overall revenue[91]. - The company reported a foreign exchange loss of CNY 4.98 million due to fluctuations in the RMB against USD and EUR, affecting operational performance[93]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[171]. - The company has not reported any greenhouse gas emissions or resource consumption data as applicable during the reporting period[172]. Shareholder Relations - The company has a share lock-up period of 36 months from the date of listing for pre-IPO shareholders, with an additional 4-year lock-up for certain shareholders after the initial period[193]. - The company has committed to measures for stabilizing stock prices for a period of 3 years from the date of listing[194]. - The company has a long-term commitment to share buybacks and compensation for losses, ensuring shareholder interests are protected[194]. - The company has outlined a profit distribution policy that is effective long-term, ensuring consistent returns to shareholders[195]. - The company has made commitments to avoid related party transactions that could harm its independence and shareholder interests[197].