经审阅，我们认为公司 2023 年半年度募集资金的存放和使用符合中国证监 会、上海证券交易所关于上市公司募集资金存放和使用的相关监管要求和管理办 法，对募集资金进行了专户存储和专项使用，不存在变相改变募集资金用途和损 害股东利益的情形，不存在募集资金存放和使用违规的情形。公司所披露的募集 资金存放和使用情况信息与实际情况一致，如实履行了信息披露义务。 一、《关于<2023 年半年度募集资金存放与使用情况专项报告>的议案》 浙江蓝特光学股份有限公司独立董事关于 第五届董事会第三次会议相关议案发表的独立意见 根据《中华人民共和国公司法》《中华人民共和国证券法》《上海证券交易 所科创板股票上市规则》《上市公司独立董事规则》《浙江蓝特光学股份有限公 司章程》（以下简称"《公司章程》"）等有关规定，我们作为浙江蓝特光学股份 有限公司（以下简称"公司"）的独立董事，本着忠实勤勉、认真负责的态度，对 公司第五届董事会第三次会议的相关议案进行了认真审议，基于独立、客观判断 的立场，发表如下意见： 浙江蓝特光学股份有限公司 独立董事：黄腾超、潘林华、程俊 2023 年 8 月 29 日 ...

2023 年第一季度报告 证券代码：688127 证券简称：蓝特光学 浙江蓝特光学股份有限公司 2023 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人徐云明、主管会计工作负责人朱家伟及会计机构负责人（会计主管人员）陈骏保证季 度报告中财务信息的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | | 本报告期比上年 | | | --- | --- | --- | --- | --- | | | | | 同期增减变动幅 | | | | | | 度(%) | | | 营业收入 | | 85,535,139.71 | | -4.62 | | 归属于上市公司股东的净利润 | | 4,796,744.15 | | -77.72 | | ...

Financial Performance - The company has not achieved profitability since its listing[4]. - The company achieved operating revenue of ¥380,366,107.43 in 2022, a decrease of 8.45% compared to the previous year, primarily due to a decline in sales of long bar prism products[24]. - Net profit attributable to shareholders was ¥96,068,395.87, down 31.38% year-on-year, mainly due to changes in revenue structure leading to a 12.46 percentage point decrease in gross margin[24]. - Basic earnings per share were ¥0.24, a decrease of 31.43% from the previous year, while diluted earnings per share also stood at ¥0.24[23]. - The company's net assets attributable to shareholders increased by 2.29% to ¥1,505,381,236.10, while total assets grew by 15.40% to ¥1,926,668,701.06, driven by increased fixed asset investments[25]. - The net cash flow from operating activities was ¥66,209,410.73, a decrease of 62.27% from the previous year[24]. - The company reported a net profit of ¥31,317,273.52 in Q4 2022, which was the highest quarterly profit for the year[27]. - The company experienced a significant decline in net profit after deducting non-recurring gains, which was ¥34,337,000.97, down 67.61% year-on-year[24]. - The weighted average return on equity decreased to 6.48%, down 3.36 percentage points from the previous year[23]. - The gross profit margin decreased by 12.46 percentage points due to changes in revenue structure[82]. - Operating costs rose by 14.39% to ¥237,319,374.91, influenced by the change in revenue structure[84]. - The company's total revenue for the year was 378,581,429.87, a decrease of 8.72% compared to the previous year[90]. - Domestic revenue was 242,306,201.68, down 5.86%, while international revenue was 136,275,228.19, down 13.39%[90][91]. Research and Development - Research and development expenses accounted for 17.42% of operating revenue, an increase of 6.81 percentage points compared to the previous year[23]. - R&D expenses reached CNY 66,246,901.87, a 50.30% increase year-on-year, with R&D personnel growing by 130% to 299[35]. - The company applied for a total of 9 new patents during the reporting period, including 1 invention patent and 8 utility model patents, bringing the cumulative total to 79 patents[50]. - The company has invested a total of $66.47 million in the development of new micro-prism technology, with $40.61 million allocated in the current period[56]. - The company is focusing on R&D investment in consumer electronics, automotive intelligent driving, AR, and micro-nano optics to enhance market competitiveness[116]. - The company has established several high-tech research and development centers, enhancing its technological innovation capabilities[71]. - The company has committed to continuing R&D investments in 2023 to maintain its competitive advantage, with increasing operational capital requirements due to ongoing project investments[153]. Operational Risks and Governance - The company has detailed various operational risks and corresponding countermeasures in the report[4]. - The company has a commitment to transparency and has ensured that all board members can guarantee the authenticity of the annual report[9]. - The company is under continuous supervision by Huatai United Securities Co., Ltd. until December 31, 2023[21]. - The company has established a governance structure that complies with relevant laws and regulations, ensuring effective decision-making processes[119]. - The company has implemented a performance evaluation mechanism for senior management, with annual performance assessments and bonus proposals approved by the board[156]. - The company has a structured plan for managing information security risks, ensuring the safety of electronic information[185]. Market and Product Development - The optical optoelectronic industry is experiencing rapid growth, driven by advancements in 5G communication technology, AI, and smart devices, with significant investments being made in this sector[42]. - The company is actively pursuing innovation in optical imaging technology, which is essential for the development of next-generation consumer electronics[45]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share within the next two years[127]. - A strategic acquisition of a smaller tech firm is anticipated to enhance the company's R&D capabilities and is expected to close by Q3 2023[127]. - The company is committed to expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[109]. Environmental and Social Responsibility - The company has established a stable operation of pollution prevention facilities, ensuring that all pollutants are consistently within discharge standards[164]. - The company emphasizes green development and environmental protection, adhering to national and local environmental laws and regulations[160]. - The company invested a total of 639,600 yuan in charitable activities during the reporting period, including 600,000 yuan in cash donations and 39,600 yuan in material donations[175]. - The company has implemented carbon reduction measures, including the use of clean energy for power generation and high-efficiency electromechanical equipment[172]. Employee and Management - The total remuneration for the board members during the reporting period amounted to ¥274.58 million, with a slight decrease in shareholding by some executives[124]. - The total number of employees in the parent company and major subsidiaries is 1,115, with 736 in production, 299 in technical roles, and 23 in sales[147]. - The company emphasizes the importance of talent development and plans to enhance employee training and career development opportunities[116]. - The average salary for R&D personnel decreased slightly to 21.37 million from 22.32 million[70]. Future Outlook - The company provided a positive outlook for the next quarter, projecting a revenue growth of 10% to 1.32 billion[127]. - New product launches are expected to contribute an additional 200 million in revenue, with a focus on innovative optical technologies[127]. - The company plans to increase its workforce by 15% to support growth initiatives and new product development[127]. - The company aims to achieve early production and early returns from new projects by advancing project construction progress[116].

证券代码：688127 证券简称：蓝特光学 公告编号：2023-018 浙江蓝特光学股份有限公司 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 04 月 20 日(星期四) 至 04 月 26 日(星期三)16:00 前登 录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 IR@lante.com.c n 进行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 浙江蓝特光学股份有限公司（以下简称"公司"）已于 2023 年 4 月 19 日发 布公司《2022 年年度报告》及《2023 年第一季度报告》，为便于广大投资者更全 面深入地了解公司 2022 年度及 2023 年第一季度经营成果、财务状况，公司计划 于 2023 年 04 月 27 日上午 09:00-10:00 举行 2022 年度暨 2023 年第一季度业绩说 明会，就投资者关心的问题进行交流。 一、 说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2022 年度及 2023 年第 一季度的经营成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息 披露允许的范围内就投资者普遍关注的问题进行回答。 ...

2022 年第三季度报告 单位：元 币种：人民币 证券代码：688127 证券简称：蓝特光学 浙江蓝特光学股份有限公司 2022 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 | --- | --- | --- | --- | --- | |------------------------------------------------|---------------|----------------------------------------|-----------------|-------------------------------- ...

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 201,523,410.74, a decrease of 2.73% compared to CNY 207,170,093.72 in the same period last year[24]. - The net profit attributable to shareholders of the listed company was CNY 46,868,421.97, down 38.53% from CNY 76,247,090.60 year-on-year[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 29,380,837.41, a decline of 49.72% compared to CNY 58,437,562.03 in the previous year[24]. - The net cash flow from operating activities was CNY 32,229,910.30, a significant decrease of 66.35% from CNY 95,768,463.71 in the same period last year[24]. - The basic earnings per share for the reporting period (January to June) is CNY 0.12, a decrease of 36.84% compared to the same period last year[25]. - Operating costs increased by 22.60% to ¥121,796,583.05, primarily due to changes in product structure[89]. Assets and Liabilities - The net assets attributable to shareholders at the end of the reporting period were CNY 1,462,090,677.38, a slight decrease of 0.65% from CNY 1,471,616,863.69 at the end of the previous year[24]. - Total assets at the end of the reporting period were CNY 1,682,544,790.76, reflecting a 0.78% increase from CNY 1,669,466,518.75 at the end of the previous year[24]. - Cash and cash equivalents decreased by 48.63% to ¥48,389,223.16, mainly due to fixed asset investments and operating expenditures[93]. - The company reported a 66.48% increase in notes payable to ¥12,725,763.00, reflecting an increase in bill settlements[93]. Research and Development - The company's R&D expenditure totaled CNY 28,409,082.82, an increase of 47.02% compared to the previous year, reflecting a commitment to innovation[29]. - The proportion of R&D investment to operating income increased to 14.10%, up 4.77 percentage points year-on-year[28]. - The company achieved a total R&D investment of ¥28,409,082.82, representing a 47.02% increase compared to ¥19,322,896.87 in the same period last year[55]. - The number of R&D personnel increased to 245, a growth of 97.58% year-on-year, accounting for 21.21% of the total workforce[78]. - The company has established several research and development centers, including the "Provincial High-tech Enterprise R&D Center" and "Zhejiang Province Blue Special High-precision Optical Components Research Institute" to enhance its technological capabilities[71]. Market and Industry Trends - The global market for automotive cameras is expected to reach USD 27.3 billion by 2025, driven by the rise of intelligent driving and vehicle networking[39]. - The market for lidar used in advanced driver-assistance systems (ADAS) is projected to reach USD 2.3 billion by 2026, with a CAGR of 94% from 2021 to 2026[40]. - The global VR/AR investment scale reached approximately $14.67 billion in 2021 and is expected to grow to $74.73 billion by 2026, with a five-year CAGR of 38.5%[42]. - The Chinese market is projected to have a five-year CAGR of 43.8%, with AR spending expected to grow at a CAGR of 49.0% and VR spending at a CAGR of 41.5%[42]. Innovation and Technology - The company emphasizes technological innovation, continuously updating core technologies to enhance product performance and production efficiency[48]. - The company has developed a high-precision glass processing technology that controls angle precision within 1 arc second and size precision within 1 micrometer[50]. - The company’s micro-prism products have a size tolerance control within 0.01mm and an angle tolerance control within 1 arc minute[50]. - The company has developed a mirror tube integrated molding technology that ensures a leakage rate of less than 1.0E-9 Pa.m³/s[50]. Corporate Governance and Compliance - The company has not faced any administrative penalties due to environmental issues during the reporting period[109]. - The company has committed to not transferring shares for 36 months post-IPO and has specific conditions for share reduction thereafter[113]. - The company will comply with any new regulatory requirements from the China Securities Regulatory Commission and the Shanghai Stock Exchange regarding compensation measures[164]. - The company acknowledges the legal consequences and civil liability for any unfulfilled commitments[168]. Future Plans and Commitments - The company plans to implement a profit distribution plan or a capital reserve transfer to increase share capital within 10 trading days, subject to board and shareholder approval[143]. - The company aims to enhance market expansion efforts to develop new high-quality customers[162]. - The company will ensure that commitments remain valid regardless of personnel changes within the organization[173]. - The company will take measures to protect the rights of shareholders and investors in case of commitment failures[172].

Financial Performance - The company's operating revenue for Q1 2022 was ¥89,679,986.78, representing a decrease of 6.83% compared to the same period last year[6]. - Net profit attributable to shareholders was ¥21,533,463.44, down 43.88% year-on-year[6]. - The net profit after deducting non-recurring gains and losses was ¥12,844,157.18, a decline of 58.86% compared to the previous year[6]. - The net cash flow from operating activities was ¥11,264,740.43, which decreased by 80.74% year-on-year[6]. - The net profit decreased by 43.91%, primarily due to a reduction in total profit[20]. - The operating profit declined by 44.78%, attributed to changes in business structure and increased operating costs[20]. - The total profit decreased by 44.90%, primarily resulting from the decrease in operating profit[20]. - Net profit for Q1 2022 was approximately ¥21.60 million, a decrease of 43.9% compared to ¥38.52 million in the same period of 2021[38]. - Basic and diluted earnings per share for the first quarter of 2022 were both ¥0.0536, down from ¥0.0953 in the first quarter of 2021, representing a decline of 43.9%[38]. Revenue Breakdown - Sales revenue from glass aspheric lenses reached ¥30,455,400, an increase of 71.07% year-on-year, contributing 33.96% to total revenue[10]. - Sales revenue from imaging prisms was ¥39,299,700, up 38.14% year-on-year, accounting for 43.82% of total revenue[10]. Expenses and Costs - Research and development expenses totaled ¥11,603,279.29, an increase of 33.66% compared to the same period last year, accounting for 12.94% of operating revenue[8]. - Total operating costs for Q1 2022 were 74,968,692.65, an increase of 22.06% compared to 61,450,646.46 in Q1 2021[36]. - The company reported a decrease in tax expenses from 1,071,373.45 in Q1 2021 to 539,162.03 in Q1 2022, a reduction of 49.73%[36]. - The company reported a tax expense of approximately ¥2.78 million in Q1 2022, compared to ¥5.73 million in Q1 2021, indicating a decrease of 51.5%[38]. Cash Flow - The cash and cash equivalents net increase was -269.31 million, mainly due to the decrease in net cash flow from operating activities[20]. - Cash inflow from operating activities totaled ¥97.30 million in Q1 2022, a decrease of 26.3% from ¥131.90 million in Q1 2021[43]. - Cash outflow from operating activities was ¥86.04 million in Q1 2022, an increase of 17.2% compared to ¥73.41 million in Q1 2021[43]. - Net cash flow from operating activities was ¥11.26 million in Q1 2022, down 80.7% from ¥58.49 million in Q1 2021[43]. - Net cash flow from investing activities was -¥31.25 million in Q1 2022, an improvement from -¥61.52 million in Q1 2021[45]. - Cash and cash equivalents at the end of Q1 2022 were ¥43.46 million, a decrease from ¥56.19 million at the end of Q1 2021[45]. - Total cash inflow from investing activities was ¥47.85 million in Q1 2022, significantly lower than ¥365.81 million in Q1 2021[45]. - Total cash outflow from investing activities was ¥79.09 million in Q1 2022, down from ¥427.33 million in Q1 2021[45]. Assets and Equity - Total assets at the end of the reporting period were ¥1,683,472,618.94, a slight increase of 0.84% from the end of the previous year[8]. - Shareholder equity attributable to the parent company was ¥1,495,071,522.99, reflecting a growth of 1.59% compared to the end of the previous year[8]. - Total assets as of the end of the reporting period were 1,683,472,618.94, compared to 1,669,466,518.75 at the end of the previous period[32]. - Total liabilities decreased to 187,422,512.84 from 196,940,812.48, a reduction of 7.73%[32]. - Total equity increased to 1,496,050,106.10 from 1,472,525,706.27, reflecting a growth of 1.59%[32]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,801[21]. - The largest shareholder, Xu Yunming, holds 150,690,400 shares, accounting for 37.41% of total shares[21]. - The second-largest shareholder, Wang Fangli, holds 54,414,400 shares, representing 13.51% of total shares[21].

Financial Performance - The company has not yet achieved profitability since its listing [4]. - The company achieved operating revenue of CNY 415,483,740.36 in 2021, a decrease of 5.34% compared to the previous year, primarily due to a decline in sales of long bar prism products [20]. - Net profit attributable to shareholders was CNY 140,002,782.39, down 23.49% year-on-year, mainly due to changes in revenue structure leading to a 7.6 percentage point decrease in gross margin [22]. - The net profit after deducting non-recurring gains and losses was CNY 106,013,255.66, a decline of 33.74% compared to the previous year, with the decrease in this figure being greater than that of net profit [22]. - Basic earnings per share were CNY 0.35, a decrease of 28.57% from the previous year, while diluted earnings per share also stood at CNY 0.35 [21]. - The gross profit margin for the reporting period was 50.06%, indicating a relatively high level of profitability [73]. - The company’s operating costs rose by 11.63% to CNY 207,473,150.79, influenced by changes in revenue structure [80]. - The company confirmed share-based payment expenses of CNY 7,745,893.86 due to the implementation of an equity incentive plan [79]. Research and Development - Research and development expenses accounted for 10.61% of operating revenue, an increase of 4.41 percentage points compared to the previous year [21]. - The total R&D expenses for the year amounted to CNY 44,075,142.18, representing a 62.05% increase compared to the previous year [53]. - R&D expenses, excluding share-based payment amounts, were CNY 40,686,312.53, which is an increase of CNY 13,487,154.97 or 49.59% year-over-year [54]. - The number of R&D personnel increased to 130, accounting for 17.15% of the total workforce [33]. - The company obtained 23 new domestic patents, including 3 invention patents and 20 utility model patents during the reporting period [33]. - The company has developed multiple core technologies in optical processing, including ultra-high precision glass processing and high-precision optical lithography [68]. - The company is focusing on integrating advanced technologies to meet diverse customer needs and improve product reliability [47]. Operational Risks and Governance - The company has detailed various operational risks and corresponding mitigation measures in the report [4]. - The company has received a standard unqualified audit report from Tianjian Accounting Firm [5]. - The company has not disclosed any special arrangements for corporate governance [8]. - The company emphasizes that forward-looking statements do not constitute substantive commitments to investors [7]. - The company has established a governance structure that operates effectively according to relevant laws and regulations, ensuring decision-making professionalism and efficiency [122]. - There were no significant differences between the company's governance and the regulations set by the China Securities Regulatory Commission [122]. - The company has not reported any changes in the implementation of differential voting rights during the reporting period [125]. Market and Product Development - The company is currently advancing new projects, with new factory facilities undergoing internal decoration and equipment installation [33]. - The company’s optical prism products are primarily used in facial recognition technology for smartphones, while non-spherical glass lenses are applied in various optical devices [35][36]. - The optical components industry is experiencing a shift towards digitalization, high-definition, and miniaturization, expanding applications beyond traditional optical instruments [44]. - The company aims to achieve high-efficiency mass production of optical components for high-magnification optical zoom in smartphones [58]. - The company is committed to expanding its product applications in emerging fields such as consumer electronics and automotive electronics [119]. Environmental and Social Responsibility - The company emphasizes the importance of ESG, integrating it into its corporate culture and operations, focusing on environmental protection and sustainable development [164]. - The company has taken various measures to ensure compliance with environmental protection laws and regulations, including waste treatment and emissions control [164]. - The company consumed approximately 27.43 million kilowatt-hours of electricity during the reporting period, resulting in greenhouse gas emissions of 21,500 tons, with emissions of 0.52 tons per ten thousand yuan of output value [169]. - The company made a total investment of CNY 278,000 in social welfare and educational support during the reporting period [180]. - The company actively engages in social responsibility initiatives, including the establishment of a union to protect employee rights and welfare [165]. Shareholder and Management Information - The company plans to distribute a cash dividend of RMB 1.50 per 10 shares, totaling RMB 60,426,750.00, which represents 43.16% of the net profit attributable to shareholders [6]. - The total number of shares held by the chairman and general manager, Xu Yunming, remained unchanged at 150,690,400 shares, with a pre-tax remuneration of 810,000 RMB [127]. - The total number of shares held by director Yao Liang increased by 400,000 shares to 1,252,000 shares due to equity incentives, with a pre-tax remuneration of 506,600 RMB [127]. - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to RMB 2.89 million [135]. - The company has established a performance evaluation mechanism for senior management, with independent directors supervising the implementation of the compensation system [160].

Financial Summary and Operating Analysis This section provides an overview of the company's financial performance, key operating metrics, non-recurring gains and losses, and significant changes in financial indicators [Key Financial Data](index=1&type=section&id=Item%20I.%28I%29%20Key%20Accounting%20Data%20and%20Financial%20Indicators) In Q3 2021, the company's operating revenue declined by 22.01% and net profit attributable to parent company shareholders by 43.46% year-on-year, with year-to-date figures also showing declines despite a significant 70% increase in R&D investment Core Financial Indicators for Q3 and YTD 2021 | Indicator | Current Period (Q3) (Yuan) | Q3 YoY Change (%) | Year-to-Date (YTD) (Yuan) | YTD YoY Change (%) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 108,238,670.96 | -22.01% | 315,408,764.68 | -2.28% | | Net Profit Attributable to Shareholders of Listed Company | 33,151,899.06 | -43.46% | 109,398,989.66 | -14.40% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-recurring Items) | 24,722,350.65 | -55.65% | 83,159,912.68 | -29.54% | | Net Cash Flow from Operating Activities | Not Applicable | Not Applicable | 140,025,614.61 | -9.75% | | Basic EPS (Yuan/share) | 0.08 | -50.00% | 0.27 | -22.86% | | Total R&D Investment | 12,284,950.22 | 71.06% | 31,607,847.09 | 69.40% | [Operating Performance Analysis](index=2&type=section&id=Operating%20Performance%20Analysis) The company's performance decline was primarily due to a 38.55% drop in optical prism sales, partially offset by a 46.96% growth in glass aspherical lens business, with net profit impacted by lower revenue, reduced gross margin, share-based payment expenses, and increased R&D costs - Revenue Changes for Key Products in the Current Period: * **Optical Prisms**: Sales revenue of **62,160,000 Yuan**, a **38.55% year-on-year decrease**, primarily due to terminal product technology upgrades and design changes[11](index=11&type=chunk) * **Glass Aspherical Lenses**: Sales revenue of **26,460,000 Yuan**, a **46.96% year-on-year increase**, mainly benefiting from rising demand in downstream markets like automotive lenses and lasers[11](index=11&type=chunk) * **Glass Wafers**: Sales revenue of **8,860,000 Yuan**, a **22.70% year-on-year decrease**, primarily due to fluctuations in demand from some customers[11](index=11&type=chunk) - Analysis of Key Reasons for Net Profit Decline: * **Gross Profit Decrease**: Due to declining operating revenue and structural changes, the comprehensive gross margin decreased by **12.94 percentage points**, leading to a **32,810,000 Yuan** year-on-year reduction in gross profit, a **38.41% decrease**[12](index=12&type=chunk) * **Share-based Payment Expenses**: An additional **4,120,000 Yuan** in share-based payment expenses incurred from implementing the equity incentive plan[15](index=15&type=chunk) * **Increased R&D Expenses**: R&D expenses (excluding share-based payments) increased by **3,270,000 Yuan** year-on-year, a **45.59% increase**, primarily invested in new micro-prism processing technology R&D projects[15](index=15&type=chunk) [Non-recurring Gains and Losses](index=3&type=section&id=Item%20I.%28II%29%20Non-recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) Year-to-date, the company's total non-recurring gains and losses amounted to **26.2391 million Yuan**, significantly impacting current period profit, primarily from investment income on transactional financial assets and government grants Key Non-recurring Gains and Losses Items Year-to-Date | Item | Amount (Yuan) | | :--- | :--- | | Government Grants Recognized in Current Profit or Loss | 8,892,088.43 | | Gains/Losses from Fair Value Changes and Investment Income from Transactional Financial Assets | 21,393,166.79 | | Gains/Losses from Disposal of Non-current Assets | 46,027.00 | | **Total** | **26,239,076.98** | [Explanation of Major Financial Indicator Changes](index=5&type=section&id=Item%20I.%28III%29%20Changes%20and%20Reasons%20for%20Major%20Accounting%20Data%20and%20Financial%20Indicators) During the reporting period, several financial indicators showed significant changes: cash and cash equivalents decreased by 47.16% due to increased wealth management expenditures, while notes payable and other payables significantly rose; investment income surged by 851.57% from increased wealth management returns, and financing cash flow decreased due to IPO proceeds in the prior year Major Financial Indicator Changes and Reasons | Item | Change (%) | Primary Reason | | :--- | :--- | :--- | | Cash and Cash Equivalents | -47.16 | Primarily due to increased wealth management expenditures | | Notes Payable | 395.39 | Primarily due to increased payments via bank acceptance bills | | Other Payables | 186.81 | Primarily due to increased dividends payable for restricted shares | | R&D Expenses | 69.40 | Primarily due to increased R&D personnel salaries and share-based payments | | Investment Income | 851.57 | Primarily due to increased investment income from wealth management products | | Net Cash Flow from Investing Activities | -85.92 | Primarily due to increased wealth management and fixed asset investment expenditures in the current period | | Net Cash Flow from Financing Activities | -109.18 | Primarily due to receiving IPO proceeds in the same period last year | Shareholder Information This section details the company's shareholder structure, including the total number of common shareholders and the top ten shareholders' holdings [Shareholding Status](index=6&type=section&id=Item%20II.%28I%29%20Total%20Number%20of%20Common%20Shareholders%2C%20Preferred%20Shareholders%20with%20Restored%20Voting%20Rights%2C%20and%20Top%20Ten%20Shareholders%27%20Shareholding%20Table) As of the reporting period end, the company had **8,337** common shareholders, with a relatively concentrated equity structure where the top ten shareholders collectively held over **70%**, including controlling shareholder Xu Yunming with **37.41%** and second-largest shareholder Wang Fangli with **13.51%**, both domestic natural persons holding restricted shares - As of the reporting period end, the company had **8,337** common shareholders[26](index=26&type=chunk) Top Ten Shareholders' Shareholding Status | Shareholder Name | Shareholder Nature | Number of Shares Held | Shareholding Ratio (%) | | :--- | :--- | :--- | :--- | | Xu Yunming | Domestic Natural Person | 150,690,400 | 37.41 | | Wang Fangli | Domestic Natural Person | 54,414,400 | 13.51 | | Wang Xiaoming | Domestic Natural Person | 18,886,000 | 4.69 | | Zhang Yinsheng | Domestic Natural Person | 16,330,000 | 4.05 | | Boxin Growth (Tianjin) Equity Investment Partnership (Limited Partnership) | Other | 11,166,701 | 2.77 | | Jiaxing Lantuo Equity Investment Partnership (Limited Partnership) | Other | 8,520,000 | 2.11 | | Hangzhou Yuanning Huixin Investment Partnership (Limited Partnership) | Other | 7,300,000 | 1.81 | | Xu Zhou | Domestic Natural Person | 6,251,203 | 1.55 | | Zhejiang Jiaxin Silk Co., Ltd. | Domestic Non-state-owned Legal Person | 5,680,000 | 1.41 | | Lanshan Investment Co., Ltd. | Domestic Non-state-owned Legal Person | 5,680,000 | 1.41 | Quarterly Financial Statements This section presents the company's consolidated balance sheet, income statement, and cash flow statement for the quarter, providing a detailed financial overview [Consolidated Balance Sheet](index=7&type=section&id=Consolidated%20Balance%20Sheet) As of September 30, 2021, total assets reached **1.629 billion Yuan**, increasing by **6.04%** from year-end, with total liabilities at **183 million Yuan** and total equity at **1.446 billion Yuan**, driven by significant transactional financial assets and increased notes payable Key Balance Sheet Items (September 30, 2021) | Item | September 30, 2021 (Yuan) | December 31, 2020 (Yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 1,628,891,228.49 | 1,536,071,226.26 | 6.04% | | Total Liabilities | 182,514,451.43 | 151,983,586.72 | 20.09% | | Total Equity Attributable to Parent Company Owners | 1,445,660,698.65 | 1,384,105,187.44 | 4.45% | | Total Equity | 1,446,376,777.06 | 1,384,087,639.54 | 4.50% | [Consolidated Income Statement](index=10&type=section&id=Consolidated%20Income%20Statement) In the first three quarters of 2021, total operating revenue was **315 million Yuan**, down **2.28%** year-on-year, with total operating costs increasing by **21.13%** to **219 million Yuan**, leading to a **14.40%** decline in net profit attributable to parent company shareholders to **109 million Yuan** Key Income Statement Items (First Three Quarters of 2021) | Item | First Three Quarters of 2021 (Yuan) | First Three Quarters of 2020 (Yuan) | YoY Change (%) | | :--- | :--- | :--- | :--- | | I. Total Operating Revenue | 315,408,764.68 | 322,773,810.66 | -2.28% | | II. Total Operating Costs | 219,133,552.50 | 180,903,340.02 | 21.13% | | Including: R&D Expenses | 31,607,847.09 | 18,659,083.53 | 69.40% | | III. Operating Profit | 126,142,287.09 | 148,636,364.17 | -15.13% | | V. Net Profit | 110,132,615.97 | 128,011,805.53 | -13.97% | | Net Profit Attributable to Parent Company Shareholders | 109,398,989.66 | 127,861,787.17 | -14.44% | | Basic EPS (Yuan/share) | 0.27 | 0.35 | -22.86% | [Consolidated Cash Flow Statement](index=13&type=section&id=Consolidated%20Cash%20Flow%20Statement) In the first three quarters of 2021, net cash flow from operating activities was **140 million Yuan**, down **9.75%**, with net cash outflow from investing activities at **87.47 million Yuan** and from financing activities at **45.15 million Yuan**, resulting in period-end cash and cash equivalents of **51.16 million Yuan** Key Cash Flow Statement Items (First Three Quarters of 2021) | Item | First Three Quarters of 2021 (Yuan) | First Three Quarters of 2020 (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 140,025,614.61 | 155,146,138.64 | | Net Cash Flow from Investing Activities | -87,474,895.48 | -621,089,523.39 | | Net Cash Flow from Financing Activities | -45,152,958.65 | 491,973,239.69 | | Net Increase in Cash and Cash Equivalents | 6,836,850.56 | 24,959,944.57 | | Cash and Cash Equivalents at Period-End | 51,157,376.81 | 53,852,004.64 |

Financial Performance - The company reported a total revenue of 500 million CNY for the first half of 2021, representing a year-on-year increase of 20%[17]. - The net profit attributable to shareholders reached 100 million CNY, up 15% compared to the same period last year[17]. - The company achieved operating revenue of CNY 207,170,093.72 in the first half of 2021, representing a 12.60% increase compared to CNY 183,981,950.59 in the same period last year[28]. - Net profit attributable to shareholders was CNY 76,247,090.60, up 10.14% from CNY 69,229,584.08 year-on-year, driven by increased operating revenue and investment income[28]. - Operating profit reached ¥87,795,706.54, reflecting a year-on-year increase of 9.37%[94]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 6.16% to CNY 58,437,562.03, primarily due to increased share-based payment expenses and R&D costs[28]. - The company reported a significant increase in sales expenses by 139.57% to ¥4,163,882.56, mainly due to stock-based compensation[97]. - The net cash flow from operating activities rose by 9.78% to ¥95,768,463.71, attributed to higher sales revenue and improved collection[97]. Market Expansion and Strategy - The company has set a revenue guidance of 1 billion CNY for the full year 2021, indicating a projected growth of 25%[17]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[17]. - The company is actively expanding its market presence both domestically and globally, gradually increasing its market share[37]. - A strategic acquisition of a local optical technology firm is in progress, aimed at enhancing R&D capabilities and product offerings[17]. - A strategic acquisition of a tech startup was announced, expected to enhance the company's product offerings and capabilities[141]. Research and Development - The R&D expenditure accounted for 9.33% of operating revenue, an increase of 3.09 percentage points compared to 6.24% in the same period last year[27]. - R&D expenses increased by 68.35% year-on-year, totaling approximately ¥19.32 million, primarily due to higher personnel costs and increased share-based payments[61][62]. - The company has developed core technologies in precision glass optical component processing, achieving advanced industry standards in various product categories[41]. - The company is developing high-precision glass wafers, aiming for a product thickness of 0.2mm with a thickness error of less than 1μm and a bending error of less than 8μm[65]. - The company aims to develop new optical products, including a wide spectrum lithography lens and low distortion microscope objectives, addressing specific imaging challenges[10][12][13]. Sustainability and Environmental Commitment - The company emphasizes its commitment to sustainability and plans to reduce carbon emissions by 30% over the next five years[17]. - The company has no environmental penalties or incidents during the reporting period, and its environmental management complies with national standards[117]. - The company has established storage facilities to prevent secondary pollution and properly manages hazardous waste[117]. - The company’s environmental investment and related costs are sufficient to handle the corresponding pollutants[117]. Risks and Challenges - The management has identified potential risks related to supply chain disruptions and is implementing measures to mitigate these risks[17]. - The company is facing risks related to intensified market competition and potential declines in gross margin due to increasing competition and customer procurement behavior[92]. - The company faces risks from macroeconomic fluctuations and potential trade tensions, particularly between China and the U.S., which could adversely affect sales and future performance[93]. Shareholder and Governance Commitments - The company has committed to not transferring or entrusting the management of shares held prior to the IPO for 36 months from the date of listing[143]. - The company will comply with relevant regulations regarding share transfer restrictions and will publicly apologize if commitments are not fulfilled[145]. - The company guarantees that its major shareholders will not engage in competing businesses, ensuring no conflict of interest[191]. - The company will maintain a commitment to transparency and accountability in its operations and dealings with shareholders[188]. - The company commits to timely and comprehensive disclosure of any unfulfilled commitments, ensuring transparency to investors[188].