Financial Performance - The company's operating revenue for Q3 2022 was RMB 110,629,313.60, a decrease of 1.03% compared to the same period last year[5]. - Net profit attributable to shareholders was RMB 12,062,267.01, down 68.14% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 10,011,347.52, a decline of 73.59% compared to the previous year[5]. - Total operating revenue for the first three quarters of 2022 reached ¥336,862,194.46, a 24.2% increase from ¥271,283,050.85 in the same period of 2021[20]. - Net profit for the third quarter of 2022 was ¥25,661,504.11, a decrease of 66.9% compared to ¥77,494,508.14 in the same quarter of 2021[21]. - Basic and diluted earnings per share for the third quarter of 2022 were both ¥0.19, down from ¥0.57 in the same quarter of 2021[22]. - The company reported a total comprehensive income of ¥25,672,430.38 for the third quarter of 2022, down from ¥77,480,533.94 in the same quarter of 2021[22]. - The company reported a net cash outflow from investing activities of ¥267,915,224.47 in the first three quarters of 2022, compared to a smaller outflow of ¥126,317,853.95 in the same period of 2021[33]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 1,518,379,004.05, reflecting a 20.50% increase from the end of the previous year[6]. - The company's total liabilities increased significantly, with interest-bearing liabilities reaching RMB 292,426,600, an increase of 864.20% year-on-year[10]. - Total liabilities as of the end of the third quarter of 2022 amounted to ¥454,027,473.08, compared to ¥209,354,309.10 at the end of the same period in 2021[18]. - The total liabilities increased to ¥465,186,223.95 as of September 30, 2022, from ¥216,716,965.14 at the end of 2021, representing a growth of 114.3%[29]. - Total current assets as of September 30, 2022, amount to RMB 386,731,306.76, an increase from RMB 302,346,239.22 in the previous year[16]. - Cash and cash equivalents increased to RMB 209,732,856.79 from RMB 136,064,512.58 year-over-year[16]. - The company's total equity reached ¥1,076,865,721.97, slightly up from ¥1,058,499,837.50 at the end of 2021, indicating a modest increase of 1.7%[29]. Research and Development - Research and development expenses for the reporting period amounted to RMB 15,667,162.35, an increase of 56.63% year-on-year[6]. - The ratio of R&D expenses to operating revenue was 14.16%, up 5.21 percentage points compared to the same period last year[6]. - Research and development expenses for the first three quarters of 2022 were ¥50,369,093.78, up 88.6% from ¥26,745,360.56 in the same period of 2021[20]. - Research and development expenses increased to ¥35,006,415.49 in the first three quarters of 2022, up 64.7% from ¥21,227,011.26 in the same period of 2021[30]. - The company is focusing on enhancing its R&D capabilities and expanding its high-end chip testing solutions to meet market demands[10]. Cash Flow - The company’s cash flow from operating activities for the year-to-date was RMB 187,291,780.41, an increase of 45.23%[6]. - The net cash flow from operating activities for Q3 2022 was ¥187,291,780.41, an increase of 45.3% compared to ¥128,965,043.33 in Q3 2021[24]. - Cash generated from operating activities for the first three quarters of 2022 was ¥349,213,087.29, an increase of 32.6% from ¥262,941,531.54 in the same period of 2021[23]. - The net cash flow from operating activities for the first three quarters of 2022 was ¥131,439,136.32, a decrease of 24.4% compared to ¥173,932,293.11 in the same period of 2021[32]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 13,000[13]. - The largest shareholder, Huang Jiang, holds 41,343,800 shares, representing 30.12% of total shares[13].

Financial Performance - The company reported a total revenue of RMB 500 million for the first half of 2022, representing a year-on-year increase of 20%[12]. - The company achieved operating revenue of RMB 226.23 million in the first half of 2022, an increase of 41.83% compared to the same period last year[19]. - The company achieved a revenue of RMB 226.23 million, representing a year-on-year growth of 41.83%[75]. - Net profit attributable to shareholders decreased by 65.69% to RMB 13.60 million, while the net profit after deducting non-recurring gains and losses fell by 69.65% to RMB 10.78 million[19]. - Basic and diluted earnings per share were both RMB 0.10, representing a decrease of 65.52% compared to the previous year[18]. - The net profit attributable to shareholders was 13.60 million yuan, a decline of 65.69% compared to the same period last year[95]. - Operating costs rose to 143.27 million yuan, reflecting a 78.72% increase year-on-year, primarily due to increased revenue and capacity expansion[97]. Research and Development - Research and development expenses increased by 30% to RMB 50 million, focusing on advanced testing technologies and automation[12]. - The company's R&D expenses reached RMB 34.70 million, a 107.27% increase year-on-year, accounting for 15.34% of operating revenue[20]. - The company increased its R&D investment to approximately CNY 34.70 million, a year-on-year growth of 107.27%[53]. - R&D expenses accounted for 15.34% of total revenue, up from 10.50% in the previous year, reflecting a 4.84% increase[53]. - The number of R&D personnel increased to 196, up from 149 in the previous year, with R&D personnel accounting for 17.66% of the total workforce[62]. - The total compensation for R&D personnel reached 1,469.13 million RMB, compared to 833.51 million RMB in the previous year, indicating a significant increase in investment in R&D talent[62]. - The company is focusing on developing testing solutions for high-performance chips, including CPU, GPU, and NPU, to meet market needs[49]. Market Expansion and Strategy - The company plans to launch two new products in Q3 2022, aiming to capture an additional 10% market share in the semiconductor testing sector[12]. - Future outlook includes a projected revenue growth of 25% for the full year 2022, driven by increased demand in the AI and IoT markets[12]. - The company is expanding its market presence in Southeast Asia, with plans to establish a new testing facility in Singapore by the end of 2022[12]. - The company is focusing on market expansion, particularly in high-performance computing, 5G communications, microprocessors, and industrial control sectors[19]. - The company has established four testing technology service bases in the Guangdong-Hong Kong-Macao Greater Bay Area and the Yangtze River Delta to improve service responsiveness[69]. - The company has launched new testing solutions for emerging applications in 5G, AI, and automotive electronics, aiming to capture market opportunities[69][75]. Operational Efficiency - The gross profit margin improved to 35%, up from 30% in the same period last year, indicating better cost management and pricing strategies[12]. - The company has implemented a production model based on order-driven manufacturing, ensuring personalized testing solutions tailored to client needs[35]. - The company aims to enhance operational management capabilities and production efficiency, reduce production costs, and increase market share to achieve higher revenue and profit in the future[38]. - The company is actively expanding its mid-to-high-end testing capacity to meet the growing demand from clients in the integrated circuit testing industry[79]. Risk Management - The company has identified potential risks related to supply chain disruptions and is implementing measures to mitigate these risks[12]. - The company faces risks related to the loss of core technical personnel, which could significantly impact its competitive edge in the integrated circuit testing industry[82]. - The company has a high customer concentration risk, with a significant portion of revenue dependent on a few major clients[84]. - Revenue from the South China region accounted for 62.40% of total revenue, indicating a risk associated with regional market dependency[85]. - The company is exposed to risks related to fluctuations in gross profit margins due to varying profitability across different testing platforms[88]. Shareholder Commitments and Governance - The company has committed to a share lock-up period of 36 months for major shareholders and executives starting from the IPO date[120]. - The company has established long-term commitments to resolve related party transactions and competition issues[122]. - The management team has confirmed that all commitments are being strictly adhered to, with no delays reported[120]. - The company is focused on maintaining compliance with its commitments to avoid any potential conflicts of interest[122]. - The company will ensure compliance with new regulatory requirements regarding return compensation measures if they arise[200]. Environmental Commitment - The company emphasizes resource conservation and energy-saving practices, promoting green office initiatives[115]. - The company is committed to reducing carbon emissions and has implemented strategies for energy efficiency and waste reduction[117]. - The company does not belong to high-pollution industries and has no significant environmental pollution issues[115].

Financial Performance - The company's revenue for Q1 2022 was CNY 110,041,697.31, representing a year-on-year increase of 57.47%[4] - The net profit attributable to shareholders decreased by 28.80% to CNY 10,428,556.17, primarily due to increased expenses from stock incentive plans[9] - The net profit after deducting non-recurring gains and losses was CNY 9,038,797.24, down 29.40% year-on-year[4] - The basic earnings per share decreased by 27.27% to CNY 0.08, while diluted earnings per share fell by 36.36% to CNY 0.07[4][9] - The company's net profit for Q1 2022 was CNY 11,409,366.15, a decrease of 14.1% compared to CNY 13,286,677.34 in Q1 2021[30] - Operating profit for Q1 2022 was CNY 11,861,478.84, down from CNY 14,451,439.49 in the same period last year, reflecting a decline of 18.1%[30] - The company reported a total comprehensive income of ¥10,427,695.26 for Q1 2022, compared to ¥14,634,662.34 in Q1 2021, a decline of 28.5%[20] Research and Development - Research and development expenses totaled CNY 18,050,040.32, an increase of 124.84%, accounting for 16.40% of revenue, up 4.91 percentage points[5][9] - Research and development expenses increased to ¥18,050,040.32 in Q1 2022, compared to ¥8,027,986.47 in Q1 2021, reflecting a growth of 125.1%[18] - Research and development expenses for Q1 2022 were CNY 11,451,423.01, up 71.8% from CNY 6,693,520.16 in Q1 2021, highlighting a focus on innovation[28] Assets and Liabilities - The company's total assets increased by 9.32% to CNY 1,377,462,938.01 compared to the end of the previous year[5] - As of March 31, 2022, the total assets of the company amounted to RMB 1,377,462,938.01, an increase from RMB 1,260,044,307.09 as of December 31, 2021, representing a growth of approximately 9.3%[16] - The company's total liabilities increased to ¥308,704,734.76 in Q1 2022, up from ¥209,354,309.10 in Q1 2021, representing a growth of 47.5%[17] - The company's total liabilities increased to CNY 333,259,395.42 from CNY 216,716,965.14, representing a rise of 53.8%[26] Cash Flow - The net cash flow from operating activities was CNY 39,470,613.07, down 12.69% year-on-year[4] - Cash inflow from operating activities totaled ¥123,712,899.32 in Q1 2022, compared to ¥90,835,096.84 in Q1 2021, marking a rise of 36.2%[22] - The net cash flow from operating activities was CNY 39,470,613.07, down from CNY 45,206,606.09 in the previous year, indicating a decrease of 12.3%[23] - The company reported a net cash increase of CNY 16,565,599.01 for the quarter, down from CNY 57,162,519.46 in Q1 2021, showing a decline of 71.0%[23] - Cash flow from operating activities generated a net amount of CNY 35,744,474.21, a significant decrease of 53.8% from CNY 77,324,219.09 in Q1 2021[32] - Cash flow from investing activities resulted in a net outflow of CNY 108,368,998.56, compared to a net inflow of CNY 72,116,669.08 in Q1 2021[32] - Cash flow from financing activities showed a net inflow of CNY 94,943,142.87, contrasting with a net outflow of CNY 5,547,150.04 in the same quarter last year[32] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,713[11] Financial Management - The company incurred financial expenses of CNY 410,864.78, which included interest expenses of CNY 1,349,443.22, indicating a focus on managing debt costs[28] - The company's tax expenses for Q1 2022 were CNY 458,384.36, a decrease of 61.3% compared to CNY 1,185,270.39 in Q1 2021[30] Outlook and Guidance - The company has not provided specific guidance or outlook for future performance in the available documents[14]

Financial Performance - The company achieved operating revenue of approximately CNY 391.20 million in 2021, an increase of 54.73% compared to the previous year[21]. - Net profit attributable to shareholders reached approximately CNY 105.84 million, reflecting a growth of 103.75% year-on-year[21]. - The net profit after deducting non-recurring gains and losses was approximately CNY 91.66 million, up 100.43% from the previous year[21]. - Total assets as of December 31, 2021, amounted to CNY 1,260.04 million, a year-on-year increase of 15.38%[23]. - The company's net assets attributable to shareholders were CNY 1,050.69 million, representing a growth of 7.61% compared to the end of 2020[23]. - The company achieved operating revenue of RMB 391.1981 million, a year-on-year increase of 54.73%[34]. - Net profit attributable to shareholders reached RMB 105.8419 million, reflecting a year-on-year growth of 103.75%[34]. - Operating costs increased to 184,707,106.36 RMB, up 35.55% year-on-year, primarily due to the rise in operating revenue[111]. - The company reported a net cash flow from operating activities of 191,780,317.87 RMB, an increase of 82.01% from the previous year[112]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of RMB 3.67 per 10 shares, totaling RMB 50.0588 million, which represents 47.30% of the net profit attributable to shareholders for 2021[6]. - The company has confirmed compliance with cash dividend policies and procedures, ensuring transparency and fairness for shareholders[196]. Research and Development - Research and development investment accounted for 12.46% of operating revenue, an increase of 2.66 percentage points from the previous year[23]. - R&D investment amounted to RMB 48.7529 million, up 96.73% year-on-year, constituting 12.46% of operating revenue[38]. - The company has obtained 2 new invention patents and 8 utility model patents during the reporting period, bringing the total to 10 invention patents and 98 utility model patents[71]. - The R&D team has been expanded through campus recruitment, enhancing the talent pipeline for sustainable development in testing solutions for various chip applications[75]. - The company is focusing on enhancing testing efficiency for mid-to-high-end chip testing solutions, leading to increased investments in testing equipment development[75]. - The company has developed testing solutions for various applications, including 5G communication, AI, and automotive electronics[33]. Operational Efficiency and Capacity Expansion - The company maintained a full capacity operation in the second half of 2021, leading to significant revenue and profit growth due to economies of scale[23]. - The company secured a credit line of RMB 215 million from multiple commercial banks to support capacity expansion[36]. - The company is actively expanding its mid-to-high-end testing capacity to meet increasing market demand[40]. - The company has established four testing technology service production bases in the Guangdong-Hong Kong-Macao Greater Bay Area and the Yangtze River Delta region, enhancing its marketing capabilities and brand effect[41]. - The company is committed to expanding its production capacity and improving operational efficiency to meet future market demands[141]. Corporate Governance - The company has not disclosed any special arrangements for corporate governance[8]. - The company has established a governance structure that includes a shareholders' meeting, board of directors, supervisory board, and management team, ensuring effective operation and compliance with regulations[149]. - The company has implemented strict internal control and governance measures to ensure compliance with relevant laws and regulations, enhancing information disclosure and protecting investor rights[42]. - The company has established various committees, including an audit committee and a remuneration and assessment committee, to enhance governance[149]. - The company has appointed independent directors and established a mechanism for checks and balances among governance bodies[149]. Market and Industry Trends - In 2021, the global semiconductor sales reached $555.9 billion, a year-on-year increase of 26.2%[54]. - China's integrated circuit industry sales amounted to ¥1,045.83 billion in 2021, growing by 18.2% year-on-year[55]. - The independent third-party professional testing sector remains small compared to the overall integrated circuit industry, indicating a bottleneck in meeting the growing demand for verification and mass production testing[66]. - The rise of the Chipless business model is evident, with companies like Gree and Alibaba entering chip design to reduce reliance on traditional IDM models[64]. Risks and Challenges - The company has detailed various risks and countermeasures in the report, particularly in the section on risk factors[4]. - The ongoing global chip shortage has prompted the company to strategically reserve and allocate testing capacity to meet customer demands[32]. - The company faces risks related to fluctuations in gross margin due to varying profitability across different chip types and testing platforms[103]. - The company is exposed to risks from the lack of property ownership certificates for leased facilities, which could lead to operational disruptions[104]. - The competitive landscape in the integrated circuit testing industry poses challenges, with the company holding a low market share compared to foreign competitors[108]. Employee and Management - The total number of employees in the parent company and major subsidiaries is 910, with 640 in the parent company and 270 in subsidiaries[190]. - The company has established a comprehensive and competitive compensation system to enhance employee motivation and overall performance[192]. - The company implemented a restricted stock incentive plan in 2021, granting 2.288 million shares to 272 employees, representing 1.68% of the total shares[198]. - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to 8.82 million RMB[169]. - The company has been actively expanding its management team with experienced professionals from various sectors, enhancing its operational capabilities[163].

Financial Performance - The company's operating revenue for Q3 2021 was ¥111,775,654.02, representing a year-on-year increase of 116.86%[5] - The net profit attributable to shareholders for Q3 2021 reached ¥37,862,024.35, a significant increase of 939.09% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was ¥37,911,413.10, reflecting a year-on-year growth of 1,202.86%[5] - Basic earnings per share for Q3 2021 were ¥0.28, up 600.00% from the previous year[6] - Total operating revenue for the first three quarters of 2021 reached ¥271,283,050.85, a significant increase of 54.2% compared to ¥175,934,968.70 in the same period of 2020[25] - Net profit for the third quarter of 2021 was ¥77,494,508.14, representing a 153.5% increase from ¥30,586,753.72 in the same quarter of 2020[27] - The total comprehensive income for the third quarter of 2021 was CNY 77,480,533.94, compared to CNY 30,585,014.99 in the same period of 2020, representing an increase of approximately 153%[28] - Basic earnings per share for the third quarter of 2021 were CNY 0.57, up from CNY 0.30 in the same quarter of 2020, reflecting an increase of 90%[28] Cash Flow and Assets - The cash flow from operating activities for the year-to-date period was ¥128,965,043.33, showing an increase of 67.85%[6] - The company's cash and cash equivalents decreased from CNY 246,665,295.06 at the end of 2020 to CNY 100,575,094.41 by September 30, 2021, a decline of approximately 59.2%[20] - The total current assets decreased from CNY 564,018,738.04 at the end of 2020 to CNY 330,503,303.00 by September 30, 2021, a reduction of about 41.3%[20] - The fixed assets increased from CNY 369,843,274.12 at the end of 2020 to CNY 579,193,341.55 by September 30, 2021, an increase of approximately 56.6%[20] - The company reported an increase in accounts receivable from CNY 65,808,503.29 at the end of 2020 to CNY 107,792,029.43 by September 30, 2021, representing a growth of about 63.8%[20] - Cash inflow from investment activities in the first three quarters of 2021 totaled CNY 1,070,659,866.69, significantly higher than CNY 78,205,169.72 in the same period of 2020[29] - The net cash flow from investment activities for the first three quarters of 2021 was -CNY 200,492,326.77, worsening from -CNY 107,611,359.25 in the same period of 2020[29] - Cash and cash equivalents at the end of the third quarter of 2021 stood at CNY 100,423,344.41, compared to CNY 62,564,198.14 at the end of the same quarter in 2020[30] Shareholder Information - The total number of common shareholders at the end of the reporting period is 11,790[14] - The largest shareholder, Huang Jiang, holds 41,343,800 shares, representing 30.31% of total shares[14] - The top ten shareholders include both individual and institutional investors, with the top three holding a combined 40.38% of shares[14] - The company has not identified any related party transactions among the top shareholders, except for known relationships[17] - The company is actively managing its shareholder structure and has engaged in strategic asset management plans[17] Research and Development - Research and development expenses for Q3 2021 amounted to ¥10,002,968.30, a rise of 59.32% year-on-year[6] - The company plans to continue investing in R&D to enhance its chip testing solutions and attract top talent[12] - Research and development expenses for the third quarter of 2021 amounted to ¥26,745,360.56, an increase of 52.1% compared to ¥17,596,585.82 in the previous year[26] Liabilities and Equity - Total liabilities at the end of the third quarter of 2021 were ¥151,479,623.37, an increase from ¥115,728,297.66 in the previous year, indicating a rise of 30.8%[23] - The company's equity attributable to shareholders reached ¥1,012,219,260.94, up from ¥976,377,527.00 in the same period last year, marking a growth of 3.7%[23] - The company reported a lease liability of approximately $20.64 million, following the new accounting standards for leases[33] - The company’s total non-current liabilities increased to approximately $36.25 million, reflecting changes in lease accounting[33] - The company’s retained earnings were approximately $155.28 million, indicating a strong accumulation of profits[33] - The total equity attributable to the parent company was approximately $976.38 million, showcasing robust shareholder value[33] Regulatory Compliance - The company has disclosed significant events in compliance with regulations, including announcements regarding stock grants and A-share issuance plans[18] - The company has implemented new leasing standards starting from 2021, which may affect future financial reporting and cash flow management[30] - The company has implemented the revised accounting standards for leases since January 1, 2021, affecting the recognition of right-of-use assets and lease liabilities[33]

Financial Performance - The company reported a significant increase in revenue for the first half of 2021, with total revenue reaching RMB 200 million, representing a 25% year-over-year growth[14]. - The company achieved operating revenue of CNY 159.51 million in the first half of the year, representing a year-on-year increase of 28.23%[20]. - The net profit attributable to shareholders was CNY 39.63 million, reflecting a year-on-year growth of 47.10%[21]. - The net cash flow from operating activities reached CNY 91.19 million, up 83.10% compared to the same period last year[22]. - The basic earnings per share were CNY 0.29, up 11.54% from CNY 0.26 in the same period last year[21]. - The company reported a significant increase in revenue for the first half of 2021, with a year-over-year growth of 25%[124]. - The net profit for the first half of 2021 reached approximately ¥39.63 million, a 47.10% increase from ¥26.94 million in the previous year[98]. - The company's cash flow from operating activities increased by 83.10% to approximately ¥91.19 million, up from ¥49.80 million in the same period last year[98]. Research and Development - The company has allocated RMB 50 million for research and development in new technologies, focusing on AI-driven testing solutions[14]. - The company's R&D investment accounted for 10.50% of operating revenue, an increase of 1.4 percentage points year-on-year[21]. - The company achieved a 47.93% increase in R&D expenses, totaling ¥16,742,392.26 compared to ¥11,317,944.97 in the previous period[62]. - R&D expenses accounted for 10.50% of operating revenue, up from 9.10% in the previous period, reflecting a 15.38% increase[62]. - The company is actively enhancing its R&D team and capabilities to meet the growing demands of the semiconductor testing market[63]. - The company has a strong R&D team capable of developing innovative testing solutions for various chip products, including 5G and AI chips[81]. - The company is investing in R&D, with a budget increase of 30% for new technology development[124]. Market Expansion and Strategy - The company is actively pursuing market expansion strategies, targeting new regions in Southeast Asia, with plans to establish a local office by Q4 2021[14]. - The company has set a future outlook with a revenue target of RMB 500 million for the full year 2021, indicating a projected growth rate of 30% compared to 2020[14]. - Market expansion plans include entering three new international markets by Q4 2021[124]. - The company is considering strategic acquisitions to enhance its market position, with a budget of $100 million allocated for potential mergers[124]. - The company is expanding its mid-to-high-end testing capacity to meet increasing market demand, particularly in the 5G communication and AI sectors[86]. Operational Efficiency - The company has implemented new strategies to improve operational efficiency, achieving a utilization rate of 85% for its testing equipment[14]. - The company has improved testing efficiency for large-capacity non-volatile serial storage chips by doubling the simultaneous testing count from 256 to 512, achieving a system level error control within 15μm[44]. - The automatic probe station for strip packaging products has achieved a first-pass yield of 99% and increased production efficiency by over 200%[50]. - The 3D high-frequency intelligent sorting robotic arm has achieved a testing yield of 99%, simplifying the process and enhancing quality control capabilities[52]. - The company has implemented real-time visual inspection in its packaging equipment, improving production efficiency and quality control timeliness[54]. Customer Base and Sales - User data indicates that the company has expanded its customer base by 15%, now serving over 500 clients in the semiconductor testing industry[14]. - The company's top five customers accounted for 62.68% of sales in the current period, down from 74.01% in the previous year, indicating a gradual decrease in customer concentration[91]. - Revenue from the South China region constituted 65.2% of total revenue, down from 72.69% in the previous year, highlighting a risk of regional sales concentration[92]. Compliance and Governance - The board has emphasized the importance of risk management, detailing potential risks in the operational report[4]. - The company has confirmed that there are no non-operational fund usages by controlling shareholders or related parties[7]. - The company has committed to a share lock-up period of 36 months starting from April 10, 2020, for major shareholders and related parties[120]. - The company has ensured compliance with commitments related to share restrictions for core technical personnel, effective from the listing date[121]. - The company has committed to resolving land and property rights issues, effective from August 7, 2020, for the long term[121]. Technological Advancements - The company has developed advanced testing technologies for various chip types, including capacitive touch chips, fingerprint recognition chips, and wireless industrial control chips, enhancing testing efficiency and product quality[36][38][39]. - The company emphasizes the importance of 100% testing for every chip to ensure quality, with a focus on parameters such as voltage, current, and temperature during the testing process[33]. - The company has developed a testing solution for blockchain computing chips, addressing voltage stability and temperature control issues, which is crucial for the performance of these chips[41]. - The company has developed a testing technology for optical communication chips that can perform error rate testing at speeds exceeding 10Gb/s, addressing challenges in data transmission accuracy[45]. Financial Commitments and Shareholder Relations - The company plans to adjust its dividend policy based on future earnings performance, ensuring sustainable returns for investors[124]. - The company has a commitment to not transfer or manage shares for 12 months from the date of the company's stock listing, excluding shares obtained through private placement[150]. - The company guarantees strict adherence to its commitments disclosed in the prospectus and will face penalties for any violations[193]. - The company will compensate investors for losses incurred due to unfulfilled commitments, with a structured process for determining compensation amounts[194]. - The profit distribution plan will be reviewed every three years, taking into account the company's profitability and shareholder feedback[160].

Financial Performance - The company's operating revenue for 2020 was CNY 252,825,408.92, representing an increase of 8.97% compared to CNY 232,013,365.71 in 2019[21]. - The net profit attributable to shareholders for 2020 was CNY 51,947,231.14, a decrease of 14.61% from CNY 60,837,907.16 in 2019[21]. - The cash flow from operating activities for 2020 was CNY 105,365,346.34, down 30.38% from CNY 151,347,136.51 in 2019[21]. - The total assets at the end of 2020 were CNY 1,092,105,824.66, an increase of 88.29% from CNY 580,008,177.05 at the end of 2019[21]. - The basic earnings per share for 2020 was CNY 0.49, a decrease of 19.67% compared to CNY 0.61 in 2019[22]. - The net profit after deducting non-recurring gains and losses for 2020 was CNY 45,733,922.75, a decrease of 21.97% from CNY 58,609,568.82 in 2019[21]. - The company reported a total of CNY 6,213,308.39 in non-recurring gains for 2020, compared to CNY 2,228,338.34 in 2019[25]. - The quarterly operating revenue for Q4 2020 was CNY 76,890,440.22, with a net profit of CNY 21,360,477.42 attributable to shareholders[23]. - The company achieved operating revenue of 252.83 million yuan, a year-on-year increase of 8.97%, while net profit attributable to shareholders decreased by 14.61% to 51.95 million yuan[101]. - The company reported total assets of approximately ¥353.80 billion and net assets of about ¥278.16 billion[151]. Dividend Distribution - The company plans to distribute a cash dividend of 3.67 RMB per 10 shares, totaling approximately 50.06 million RMB, which represents 96.36% of the net profit attributable to shareholders for 2020[6]. - A cash dividend of ¥3.67 per 10 shares is proposed, totaling approximately ¥500.59 million, which represents 96.36% of the net profit attributable to shareholders for the year[161]. - The company has not proposed a cash dividend distribution plan despite having positive retained earnings, indicating a focus on reinvestment or other uses of profits[164]. Risk Management - The company has detailed various operational risks and corresponding mitigation measures in the report, emphasizing the importance of risk management[4]. - The company’s future plans and development strategies are subject to investment risks, and investors are advised to exercise caution[7]. - The company faces risks related to the loss of core technical personnel, which could significantly impact its competitive edge in the integrated circuit testing industry[110]. - The company is exposed to risks from rising labor costs as it seeks to attract and retain talent[118]. Corporate Governance - The company has received a standard unqualified audit report from Tianjian Accounting Firm, ensuring the accuracy and completeness of the financial report[5]. - The company has not reported any non-operational fund occupation by controlling shareholders or related parties, indicating a stable financial governance structure[8]. - The company has confirmed that all board members attended the board meeting, reflecting a commitment to corporate governance[5]. - The company has established a strong governance structure to enhance internal controls and protect investor rights[106]. Research and Development - The R&D expenditure as a percentage of operating revenue increased to 9.80% in 2020 from 9.48% in 2019[23]. - The total R&D investment for the year was approximately ¥24.78 million, representing a 12.69% increase from the previous year[82]. - R&D investment accounted for 9.80% of the company's revenue, up from 9.48% in the previous year, indicating a focus on innovation[82]. - The number of R&D personnel increased to 143, representing 18.79% of the total workforce, up from 14.98% in the previous period[88]. - The company has developed advanced testing solutions for 5G communication, sensors, and other emerging applications, positioning itself for future growth[93]. Market Position and Strategy - The company has established itself as one of the largest independent third-party integrated circuit testing bases in China[46]. - The independent third-party testing sector remains small within the overall integrated circuit industry, unable to meet the increasing verification and mass production testing demands of IC design companies[54]. - The company is focusing on expanding mid-to-high-end testing capacity to meet the growing demand from chip design companies, which are increasingly turning to domestic testing services[105]. - The company aims to enhance operational management and production efficiency to reduce costs and increase market share in the future[39]. Customer and Sales - The top five customers accounted for 67.19% of sales in the current year, indicating a high customer concentration risk[112]. - Revenue from the South China region represented 70.73% of total revenue, highlighting regional sales concentration risk[114]. - The company added 39 new clients in 2020, enhancing its customer base and market presence[101]. Technology and Innovation - The company has developed 39 categories of chip testing solutions and completed mass production testing for over 3,500 chip models, applicable to various end-use scenarios[31]. - The company has developed an automated testing solution for capacitive fingerprint recognition chips, achieving a testing efficiency increase by allowing simultaneous testing of 16 chips[57]. - The company has enhanced its testing capabilities for capacitive touch chips by integrating a matrix capacitive testing module, improving production efficiency and product quality[56]. - The company has continuously upgraded existing equipment to meet diverse customer testing needs, enhancing testing efficiency and quality[72]. Financial Health - The company's financial expenses increased by 53.00% to CNY 3,066,898.99, mainly due to higher interest expenses from bank loans and financing leases[124]. - Operating costs rose to CNY 136,267,605.14, marking a significant increase of 24.93% year-over-year[123]. - The gross profit margin for the main business decreased by 6.84 percentage points to 46.99%[128]. - Cash and cash equivalents increased by 164.40% year-on-year to CNY 246.67 million, primarily due to funds raised from the initial public offering[143]. Shareholder Commitments - The actual controller and shareholders have made commitments regarding share repurchase and other matters, which are being fulfilled as per the stipulated timelines[165]. - The company has a long-term commitment to resolve issues related to competition and related party transactions, effective from April 2020[166]. - Shareholders holding more than 5% of shares are prohibited from transferring or entrusting the management of their pre-IPO shares for twelve months after the company's stock listing[177]. - The company will ensure compliance with all relevant regulations regarding share lock-up and transfer[173].

Financial Performance - Operating income rose by 35.59% to CNY 69,880,803.81 year-on-year[7] - Net profit attributable to shareholders increased by 116.87% to CNY 12,802,739.06 compared to the same period last year[7] - Basic and diluted earnings per share both increased by 83.33% to CNY 0.11[7] - The company's operating revenue for Q1 2021 was RMB 69,880,803.81, representing a 35.59% increase compared to RMB 51,538,469.71 in the same period last year, primarily driven by growth in 5G communication chip testing business[13] - The net profit attributable to the parent company reached RMB 14,646,513.01, a significant increase of 127.20% from RMB 6,446,589.25 in the previous year, influenced by various changes in the income statement[14] - Operating profit for Q1 2021 reached CNY 15,982,202.23, up 97.5% from CNY 8,081,823.84 in Q1 2020[26] - Net profit for Q1 2021 was CNY 14,646,513.01, representing a 127.0% increase compared to CNY 6,446,589.25 in Q1 2020[27] - The total comprehensive income for Q1 2021 was CNY 14,634,662.34, significantly higher than CNY 6,450,798.24 in Q1 2020[27] - The net profit for Q1 2021 was CNY 13,286,677.34, a significant increase of 84.5% compared to CNY 7,220,802.20 in Q1 2020[29] Cash Flow - Cash flow from operating activities surged by 171.23% to CNY 45,206,606.09 year-on-year[7] - Cash flow from operating activities showed a net inflow of RMB 45,206,606.09, up 171.23% from RMB 16,667,390.79 in the same period last year, mainly due to test business collections and government subsidies received[14] - Operating cash flow for Q1 2021 was CNY 45,206,606.09, up from CNY 16,667,390.79 in Q1 2020, representing a growth of 170.5%[31] - The company’s operating cash flow net amount for Q1 2021 was CNY 77,324,219.09, compared to CNY 17,697,758.82 in Q1 2020, showing a growth of 336.5%[34] - Total cash inflow from operating activities reached CNY 90,835,096.84, compared to CNY 62,547,993.17 in the previous year, marking a 45.0% increase[31] Assets and Liabilities - Total assets increased by 4.28% to CNY 1,138,874,177.68 compared to the end of the previous year[7] - Total liabilities as of March 31, 2021, were CNY 147,861,988.34, up from CNY 115,728,297.66, reflecting an increase of about 27.7%[19] - Non-current assets totaled CNY 595,381,115.37, an increase from CNY 528,087,086.62, representing a growth of approximately 12.7%[18] - The company's equity increased to CNY 991,012,189.34 from CNY 976,377,527.00, reflecting a growth of about 1.5%[19] - Total current liabilities increased to CNY 142,935,887.30 in Q1 2021 from CNY 126,739,436.48 in Q1 2020, marking a 12.8% rise[26] Research and Development - R&D investment as a percentage of operating income rose by 1.63 percentage points to 11.49%[7] - Research and development expenses increased by 57.99% to RMB 8,027,986.47 from RMB 5,081,300.18, reflecting higher investment in R&D and increased salaries[13] - Research and development expenses for Q1 2021 were CNY 8,027,986.47, a 57.5% increase from CNY 5,081,300.18 in Q1 2020[26] Shareholder Information - The total number of shareholders reached 9,681 at the end of the reporting period[10] - The largest shareholder, Huang Jiang, holds 30.31% of the shares, totaling 41,343,800 shares[10] Other Financial Metrics - Non-recurring gains and losses totaled CNY 1,843,773.95 for the period[9] - The company reported other income of CNY 730,204.49 in Q1 2021, compared to CNY 649,436.19 in Q1 2020[26] - The company reported a significant increase in deferred income to CNY 34,037,992.26 from CNY 19,636,842.21, indicating a growth of approximately 73.1%[19]