Financial Performance - The company's operating revenue for 2020 was approximately ¥570.83 million, representing a year-over-year increase of 51.79% compared to ¥376.07 million in 2019[17]. - The net profit attributable to shareholders for 2020 was approximately ¥370.59 million, reflecting a growth of 50.46% from ¥246.31 million in 2019[17]. - The net cash flow from operating activities increased to approximately ¥362.47 million, up 51.09% from ¥239.90 million in 2019[17]. - The company's total assets at the end of 2020 were approximately ¥2.61 billion, a 17.59% increase from ¥2.22 billion at the end of 2019[17]. - The basic earnings per share for 2020 was ¥3.71, an increase of 25.34% from ¥2.96 in 2019[18]. - The gross profit margin for the year was 80.73%, a decrease of 0.79 percentage points from the previous year[58]. - The company achieved operating revenue of CNY 570.83 million, representing a year-on-year growth of 51.79%[52]. - The net profit attributable to shareholders reached CNY 370.59 million, with a year-on-year increase of 50.46%[52]. Research and Development - The R&D investment as a percentage of operating revenue rose to 14.38%, an increase of 3.39 percentage points from 10.99% in 2019[18]. - The company received 12 invention patents and 20 utility model patents in 2020, reflecting its strong focus on proprietary technology development[35]. - The company reported a significant focus on R&D, with multiple patents filed in 2020, indicating a commitment to innovation in laser processing technology[37]. - Research and development expenses increased by 98.52% year-over-year, totaling approximately ¥82.07 million, which represents 14.38% of operating revenue, up from 10.99%[42][43]. - The R&D team consists of 142 personnel, accounting for 47.97% of total employees, with 51 holding master's degrees or above, representing 35.92%[51]. Market Position and Strategy - The company maintains a leading position in the domestic low and medium power laser cutting control system market, achieving a market share of over 50% in 2020[31]. - The company is actively developing high-precision visual positioning systems and various software solutions for laser cutting applications, expanding its product offerings[26]. - The company plans to continue expanding its market presence and investing in new technologies to sustain growth[18]. - The overall market size for laser cutting equipment in China is expected to reach RMB 40.369 billion by 2023, driven by the dual push of intelligent manufacturing upgrades and the large-scale rollout of 5G networks[30]. - The company is focusing on expanding into new fields such as intelligent welding and high-end drive control technologies[53]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants[3]. - The board of directors and management confirm the accuracy and completeness of the annual report[2]. - The company has not disclosed any special arrangements for corporate governance[5]. - The company assures that its IPO prospectus does not contain any false statements or omissions, and it will bear legal responsibility for any inaccuracies[98]. - The company will ensure compliance with legal obligations and accept penalties for any violations[101]. Dividend Policy - The proposed cash dividend is CNY 12.90 per 10 shares, totaling CNY 129 million, which accounts for 34.81% of the net profit attributable to shareholders for 2020[4]. - The company has established a profit distribution policy that mandates a minimum cash dividend of 10% of the distributable profit in the first three years post-IPO[86]. - The cash dividend distribution policy stipulates that if the company is in a mature stage with no major capital expenditure, the cash dividend should be at least 80% of the total distribution[86]. - The company’s cash dividend for 2020 is subject to approval at the shareholders' meeting[86]. - The company’s cash dividend policy allows for a combination of cash and stock dividends, prioritizing cash dividends[86]. Financial Management - The company reported cash and cash equivalents of ¥483,362,757.02 as of December 31, 2020, compared to ¥234,600,981.06 on December 31, 2019, indicating a significant increase of approximately 106.5% year-over-year[187]. - The company has confirmed that all financial management activities have followed legal procedures[121]. - The company continues to focus on maintaining a diversified portfolio of financial products to enhance returns for its clients[130]. - The total amount of structured deposits with guaranteed returns reached ¥19,200,000.00, offering an interest rate of 3.2647%[123]. - The company has invested RMB 640 million in structured deposits with a 2.96% annualized return, maturing on April 9, 2021[120]. Employee and Executive Compensation - The total pre-tax compensation for key executives during the reporting period amounted to 617.31 million CNY[158]. - Total remuneration for directors, supervisors, and senior management amounted to RMB 5.19 million at the end of the reporting period[162]. - The company established a competitive and performance-oriented remuneration system to motivate employees[166]. - The number of R&D personnel increased from 108 to 142, reflecting a growth of 31.5% year-on-year[164]. - The company conducted multiple rounds of training to enhance employee capabilities during the reporting period[167]. Risks and Challenges - The company faces risks related to technological innovation, operational management, and macroeconomic conditions, particularly due to the ongoing global pandemic[55]. - The report includes a forward-looking statement risk declaration, cautioning investors about potential risks[5]. - The company has made breakthroughs in high-power laser cutting control systems, maintaining its status as the top domestic manufacturer in this segment[31]. - The company experienced significant growth in orders for its core laser processing control systems and bus systems during the reporting period[18]. - The company reported a significant reduction in inventory levels for the motion control and bus systems, down 21.26% and 16.05% respectively[62].

Financial Performance - For the first nine months of 2020, the company achieved a total revenue of CNY 385.27 million, representing a year-on-year growth of 38.57%[6] - In Q3 2020 alone, the company's revenue increased by 59.42% compared to the same period last year[6] - The net profit attributable to shareholders for the first nine months of 2020 was CNY 276.49 million, up 44.74% year-on-year[6] - The company reported a net profit of CNY 215.63 million for Q3 2020, which is an 18.96% increase from CNY 181.27 million in Q3 2019[8] - The total profit for the first three quarters of 2020 was ¥313,968,706.70, compared to ¥211,910,785.89 in the same period of 2019, reflecting a growth of 48.1%[29] - The company's net profit attributable to shareholders for Q3 2020 was ¥136,507,661.71, compared to ¥72,725,969.02 in Q3 2019, representing an increase of 87.6%[30] - The total comprehensive income for Q3 2020 was ¥136,348,072.22, up from ¥72,725,969.02 in the same period last year, indicating a growth of 87.5%[31] Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 2.48 billion, an increase of 11.49% compared to the end of the previous year[7] - As of September 30, 2020, the company's total assets amounted to CNY 2,475,967,552.06, an increase from CNY 2,220,722,229.47 at the end of 2019, representing a growth of approximately 11.5%[20] - The company's total liabilities as of September 30, 2020, were CNY 92,432,791.84, compared to CNY 70,447,231.97 at the end of 2019, which is an increase of approximately 31.2%[22] - Total liabilities for Q3 2020 were ¥51,620,150.90, compared to ¥32,565,739.45 in Q3 2019, indicating a significant increase[26] - The company's total liabilities and equity combined were ¥2,220,722,229.47, reflecting a balanced financial structure[42] Cash Flow - The net cash flow from operating activities for the first nine months was CNY 236.95 million, reflecting a 26.85% increase year-on-year[7] - Cash inflow from operating activities for the first three quarters of 2020 was CNY 478,338,678.96, an increase from CNY 370,467,725.52 in the same period of 2019, representing a growth of approximately 29.1%[35] - Cash inflow from investment activities in Q3 2020 reached CNY 2,892,613,730.97, significantly higher than CNY 499,706,717.57 in Q3 2019, marking an increase of approximately 478.5%[36] - The net cash flow from investment activities for the first three quarters of 2020 was CNY 76,156,351.76, a recovery from a negative cash flow of CNY 1,675,808,529.35 in the same period of 2019[36] - The company reported a net cash flow from financing activities of CNY -74,000,000.00 in Q3 2020, a decrease from CNY 1,565,619,500.00 in Q3 2019, indicating a significant reduction in financing inflows[38] Shareholder Information - The total number of shareholders at the end of the reporting period was 6,013[11] - The company reported a significant increase in cash dividends distributed, amounting to CNY 74,000,000.00 compared to CNY 40,000,000.00 in the previous year, which is an increase of 85%[18] Research and Development - Research and development expenses accounted for 6.77% of the operating revenue, a decrease of 0.61 percentage points compared to the previous year[8] - Research and development expenses for Q3 2020 were ¥10,658,960.99, compared to ¥9,308,856.48 in Q3 2019, showing an increase of 14.5%[29] - Research and development expenses for Q3 2020 were ¥5,570,268.73, slightly down from ¥6,281,490.67 in Q3 2019, showing a decrease of 11.3%[32] Investment Activities - Investment income surged by 1,295.36% to ¥54,784,814.76 from ¥3,926,206.42, attributed to returns from maturing financial products[17] - The company acquired a 6% stake in Changzhou Dairike Electromechanical Co., Ltd., resulting in a 334.06% increase in long-term equity investments to ¥9,249,373.73 from ¥2,130,875.74[16] - The company has ongoing investments in long-term equity, which rose to CNY 9,249,373.73 from CNY 2,130,875.74, indicating a growth of approximately 334.5%[21] - The company reported investment income of ¥39,815,860.74 in Q3 2020, a significant rise from ¥1,189,970.39 in Q3 2019[29] Inventory and Receivables - Accounts receivable rose by 38.21% to ¥30,635,024.30 from ¥22,165,312.60, reflecting an increase in operating income[16] - Inventory increased by 61.10% to ¥41,408,385.92 from ¥25,703,764.73 as the company stocked up on raw materials to prevent shortages due to COVID-19[16] - Cash received from sales of goods and services increased by 32.89% to ¥430,181,442.38 from ¥323,722,011.53, reflecting higher operating income[17] Tax and Expenses - The company reported a 308.62% increase in taxes payable to ¥28,737,845.14 from ¥7,032,859.43, reflecting higher corporate income tax and VAT obligations[16] - The income tax expense for Q3 2020 was ¥14,638,356.79, compared to ¥7,203,067.82 in Q3 2019, which is an increase of 103.9%[33] - Management expenses rose by 190.22% to ¥53,472,431.72 from ¥18,424,488.47 due to the implementation of a restricted stock incentive plan[17]

Financial Performance - The company reported a significant increase in revenue for the first half of 2020, with total revenue reaching RMB 200 million, representing a year-on-year growth of 25%[11]. - The company's operating revenue for the first half of the year reached ¥220,630,395.75, representing a 26.25% increase compared to ¥174,757,580.37 in the same period last year[15]. - Net profit attributable to shareholders was ¥139,983,021.09, an 18.33% increase from ¥118,296,604.80 year-on-year[15]. - The company achieved a revenue of 220.63 million RMB in the first half of 2020, representing a year-on-year growth of 26.25%, with Q2 revenue increasing by 41.43%[37]. - The total comprehensive income attributable to the parent company was RMB 139,983,021.09, compared to RMB 118,296,604.80 in the previous year, indicating an increase of 18.4%[97]. - The company reported a total of 100,000,000 shares outstanding, with 75,874,890 shares subject to restrictions, representing 75.87% of total shares[78]. Research and Development - The company is investing RMB 30 million in R&D for new technologies, focusing on laser cutting and automation solutions[11]. - The R&D investment as a percentage of operating revenue increased to 6.99%, up from 6.41% year-on-year[17]. - The company reported a total R&D expenditure of ¥15,413,360.12, which accounts for 6.99% of its operating revenue[28]. - The company has developed 32 patented technologies across five major technical fields, establishing a globally leading technology system[36]. - The company obtained 5 new invention patents during the first half of 2020, enhancing its technological portfolio[27]. - The company’s R&D efforts are aimed at enhancing the efficiency and precision of laser cutting technologies, with significant advancements in path optimization and real-time compensation methods[25]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share by the end of 2021[11]. - The company aims to expand its market presence by enhancing its product offerings and improving the quality and efficiency of its laser cutting systems[22]. - The company has established partnerships with over 500 domestic laser equipment manufacturers, enhancing its market presence[36]. - The company has no plans for mergers or acquisitions in the near term, focusing instead on organic growth and product development[11]. Financial Position and Assets - The company maintains a strong cash position with RMB 100 million in cash reserves, providing flexibility for future investments and operational needs[11]. - The company's total assets at the end of the reporting period were ¥2,300,362,889.96, a 3.59% increase from ¥2,220,722,229.47 at the end of the previous year[15]. - The company's cash and cash equivalents increased significantly to 245,603,472.97 CNY, representing a 227.91% increase year-on-year[43]. - The company's total liabilities decreased to ¥66,644,277.39 from ¥70,447,231.97, a reduction of approximately 5.1%[91]. - The company's equity attributable to shareholders increased to ¥2,232,081,257.00 from ¥2,148,140,802.01, reflecting a growth of about 3.9%[91]. Risks and Challenges - Risk factors include potential supply chain disruptions and increased competition in the laser technology market, which could impact future performance[11]. - The company is facing risks related to supply chain disruptions and market competition, which could impact future performance[38]. Shareholder Information - The company’s actual controller and major shareholders have committed to a 36-month lock-up period for their shares following the IPO[53]. - The company plans to maintain a long-term holding of its shares, with a commitment to not sell shares below the adjusted issuance price for 24 months after the lock-up period ends[61]. - The company guarantees the accuracy and completeness of its prospectus, and if any misleading statements or omissions are found, it will compensate investors for losses incurred[63]. Corporate Governance - The company has not proposed any profit distribution or capital reserve transfer plans for the first half of 2020[52]. - There were no major litigation or arbitration matters reported during the reporting period[73]. - The company has committed to fulfilling all public commitments made during its IPO process, including accepting social supervision[70]. Accounting and Financial Reporting - The company follows the accounting standards issued by the Ministry of Finance and ensures the financial statements reflect true and complete information[117]. - The financial statements were approved by the board of directors on August 13, 2020[116]. - The company prepares consolidated financial statements based on its own and subsidiaries' financial reports, reflecting the overall financial position, operating results, and cash flows of the entire corporate group[120].

Financial Performance - Operating income for the first nine months rose by 48.85% to CNY 278,026,743.96 compared to the same period last year[5] - Net profit attributable to shareholders increased by 61.81% to CNY 191,022,573.82 compared to the same period last year[5] - Basic earnings per share rose by 56.69% to CNY 2.46 compared to the same period last year[6] - The company reported a net profit increase of 277.17% in retained earnings, totaling CNY 259,941,187.00[13] - Total revenue for Q3 2019 reached ¥103,269,163.59, an increase from ¥59,917,179.16 in Q3 2018[24] - Operating profit for the first nine months of 2019 was ¥205,838,589.31, compared to ¥127,469,545.26 in the same period of 2018, reflecting a growth of approximately 61%[25] - Net profit for Q3 2019 was ¥72,725,969.02, up from ¥41,527,819.46 in Q3 2018, indicating a year-over-year increase of about 75%[26] - Total comprehensive income for Q3 2019 was CNY 72,725,969.02, compared to CNY 41,527,819.46 in Q3 2018, marking an increase of around 75.1%[27] Asset Growth - Total assets increased by 481.72% to CNY 2,129,417,974.79 compared to the end of the previous year[5] - The total assets of the company reached approximately $2.13 billion, a substantial increase from $366.05 million, reflecting a growth of over 480%[20] - Total current assets reached approximately $2.00 billion, a significant increase from $345.47 million in the previous year, reflecting a growth of over 478%[18] - Total non-current assets were approximately $125.65 million, compared to $20.58 million in the previous year, indicating a growth of about 510%[19] - Total assets amounted to ¥2,063,499,493.08, with total liabilities at ¥12,649,716.67, resulting in a debt-to-equity ratio of approximately 0.0061[23] Shareholder Information - Net assets attributable to shareholders increased by 621.32% to CNY 2,092,852,621.10 compared to the end of the previous year[5] - The total number of shareholders at the end of the reporting period was 17,278[9] - The top shareholder, Tang Ye, holds 21,000,000 shares, representing 21.00% of the total shares[9] - Shareholders' equity rose significantly to approximately $2.09 billion from $290.14 million, reflecting an increase of over 620%[20] Cash Flow and Liquidity - The net cash flow from operating activities for the first nine months increased by 108.72% to CNY 186,793,670.50 compared to the same period last year[5] - The company maintained a strong cash position with current liabilities totaling ¥11,074,716.67, indicating effective liquidity management[23] - The total cash and cash equivalents at the end of the period reached RMB 208,879,867.57, up from RMB 42,127,555.74 at the end of the same period last year, marking a growth of 396.5%[32] - Cash flow from financing activities showed a net increase of RMB 1,565,619,500.00, compared to a net outflow of -RMB 41,600,000.00 in the previous year, indicating a strong financing position[32] Research and Development - Research and development expenses increased by 43.14% to CNY 20,517,631.29, reflecting higher investment in R&D projects[14] - Research and development expenses for Q3 2019 were ¥9,308,856.48, compared to ¥5,468,288.85 in Q3 2018, reflecting a growth of approximately 70%[24] - Research and development expenses for the first three quarters of 2019 amounted to CNY 6,281,490.67, compared to CNY 5,210,119.26 in the same period of 2018, showing an increase of approximately 20.5%[28] Government Support - Government subsidies recognized in the current period amounted to CNY 6,000,625.00, slightly down from CNY 6,006,645.00 in the previous year[7] - The company received CNY 30,188,908.97 in tax refunds, a 143.81% increase from the previous year[15] - The cash received from tax refunds was RMB 30,188,908.97, significantly higher than RMB 12,382,309.45 in the same period last year, showing an increase of 143.5%[31] Investment and Expenses - Cash paid for the purchase of fixed assets and intangible assets surged by 3180.12% to CNY 116,655,246.92, primarily for R&D land use rights[15] - The company reported investment income of ¥1,189,970.39 for Q3 2019, down from ¥2,970,085.36 in Q3 2018[25] - The total operating costs for the first nine months of 2019 were ¥100,022,355.10, up from ¥78,631,152.22 in the same period of 2018[24]