Financial Performance - The company reported a revenue of 500 million CNY for the first half of 2021, representing a year-on-year increase of 20%[12]. - The net profit attributable to shareholders was 80 million CNY, up 15% compared to the same period last year[12]. - Future guidance indicates a revenue target of 1.2 billion CNY for the full year 2021, reflecting a growth rate of 18%[12]. - The company's operating revenue for the first half of the year reached ¥164,500,921.29, representing a 5.15% increase compared to ¥156,447,919.30 in the same period last year[19]. - Net profit attributable to shareholders increased by 38.52% to ¥36,780,881.80 from ¥26,553,658.91 in the previous year[20]. - The basic earnings per share rose by 24.57% to ¥0.6935, up from ¥0.5567 in the same period last year[19]. - The company's total assets increased by 30.43% to ¥856,931,103.01 compared to ¥657,016,125.20 at the end of the previous year[20]. - The net assets attributable to shareholders grew by 81.55% to ¥645,648,999.89 from ¥355,634,992.92 at the end of the previous year, primarily due to funds raised from the IPO[20]. - The company's revenue for the first half of 2021 reached 164.5 million yuan, representing a year-on-year growth of 5.15%[76]. - The net profit attributable to shareholders was 36.78 million yuan, showing a significant increase of 38.52% compared to the previous year[76]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share by the end of 2022[12]. - The company has no plans for mergers or acquisitions in the near term, focusing instead on organic growth strategies[12]. - The company is focusing on developing testing technologies for advanced energy-saving and environmentally friendly power systems, including hybrid, pure electric, and hydrogen fuel cell technologies[32]. - The company is committed to continuous R&D investment to meet the growing testing demands in the fuel cell and new energy vehicle sectors[69]. - The company is exploring partnerships with technology firms to enhance its service capabilities and drive innovation[126]. Research and Development - The company has allocated 50 million CNY for R&D in new technologies, focusing on electric vehicle components[12]. - Research and development expenses accounted for 6.07% of operating revenue, an increase of 0.33 percentage points from the previous year[19]. - The company reported a total R&D expenditure of ¥9,988,726.28, an increase of 11.14% compared to the previous period's ¥8,987,811.27[55]. - The company holds 9 invention patents, 60 utility model patents, and 38 software copyrights, indicating a strong technological foundation[90]. - The company has developed a new energy vehicle simulation test bench capable of simulating real driving conditions and testing energy consumption distribution with four motors simultaneously[68]. Cash Flow and Financial Position - The company maintains a strong cash position with 200 million CNY in cash reserves as of June 30, 2021[12]. - The net cash flow from operating activities decreased by 146.01% to -¥7,512,784.41, compared to ¥16,327,419.82 in the same period last year[19]. - The company's accounts receivable risk is highlighted by overdue amounts and long aging, which may impact cash flow if clients face financial difficulties[87]. - The project acceptance cycle is lengthy, typically ranging from 3 to 9 months for production to acceptance, which may increase liquidity risk if clients delay acceptance[89]. - The company's cash and cash equivalents at the end of the period were CNY 127.83 million, accounting for 14.92% of total assets[98]. Industry Trends and Risks - Risk factors include potential supply chain disruptions and increased competition in the electric vehicle sector[12]. - The overall automotive testing market in China is expected to grow due to increasing consumer demand and government policies promoting the upgrade of older vehicles[31]. - The fuel vehicle sector remains dominant in China's automotive market, with ongoing demand for power system testing driven by the implementation of the "National VI" emission standards[34]. - The company anticipates a surge in demand for power system testing services due to increased R&D investments in NEVs and a shift towards domestic testing equipment[31]. Environmental Compliance - The company reported no significant administrative penalties related to environmental regulations during the reporting period[115]. - The company utilizes low-noise equipment and vibration pads to reduce noise pollution, ensuring compliance with environmental standards[116]. - The company has committed to maintaining compliance with environmental laws and regulations, with no major violations reported[115]. - The company has implemented measures to reduce carbon emissions, although specific results were not disclosed[117]. Shareholder and Governance Matters - The company’s actual controller and major shareholders have made commitments regarding share restrictions, effective for 12 to 36 months post-IPO[119]. - The company has established mechanisms to resolve related party transactions, ensuring compliance during the tenure of its controlling shareholders[121]. - The company commits to not reducing shareholdings if it encounters significant legal violations that could lead to delisting[136]. - Shareholders must adhere to the regulations regarding share transfers as stipulated by the Company Law and Securities Law[139].