Financial Performance - Operating income for the period was ¥76,151,176.49, representing a year-on-year increase of 4.89%[4] - Net profit attributable to shareholders was ¥52,295,173.53, a decrease of 6.96% compared to the same period last year[4] - Basic earnings per share decreased by 30.21% to ¥0.5230[5] - Total operating revenue for Q1 2020 was ¥76,151,176.49, an increase of 4.3% compared to ¥72,599,619.65 in Q1 2019[23] - Net profit for Q1 2020 was ¥52,063,472.50, a decrease of 7.6% from ¥56,207,114.98 in Q1 2019[24] - Total profit for Q1 2020 was ¥61,445,635.71, compared to ¥57,478,346.47 in Q1 2019, marking an increase of 6.4%[24] Cash Flow - Net cash flow from operating activities was ¥11,208,872.61, down 66.00% year-on-year[4] - The cash inflow from operating activities for Q1 2020 was CNY 92,732,314.48, a decrease of 2.9% compared to CNY 95,630,732.37 in Q1 2019[28] - The net cash outflow from operating activities was CNY 11,208,872.61, significantly lower than CNY 32,963,569.88 in the previous year, indicating improved cash flow management[28] - Cash inflow from investment activities totaled CNY 608,147,690.14, a substantial increase from CNY 160,415,847.34 in Q1 2019, reflecting a strong recovery in investment returns[29] - The cash flow from financing activities resulted in a net outflow of CNY 40,000,000.00, consistent with dividend payments made during the quarter[29] - The company experienced a net cash decrease of CNY 7,476,981.72 during the quarter, compared to a much larger decrease of CNY 104,812,765.34 in Q1 2019, showing improved financial stability[29] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,237,754,147.58, an increase of 0.77% compared to the end of the previous year[4] - Total current assets amounted to ¥2,084,053,685.24, slightly up from ¥2,065,690,882.42 at the end of the previous year[18] - Total liabilities decreased from ¥70,447,231.97 to ¥35,415,677.59, a reduction of approximately 49.7%[20] - Current liabilities decreased significantly from ¥54,539,038.75 to ¥27,849,840.27, a reduction of about 48.9%[19] - Total equity attributable to shareholders rose from ¥2,148,140,802.01 to ¥2,200,435,975.54, an increase of approximately 2.4%[20] Shareholder Information - The total number of shareholders at the end of the reporting period was 11,700[7] - The top shareholder, Tang Ye, holds 21% of the shares, totaling 21,000,000 shares[7] Research and Development - R&D investment accounted for 10.03% of operating income, an increase of 2.51 percentage points compared to the previous year[5] - R&D expenses increased by 39.84% to ¥7,639,212.09 compared to ¥5,462,637.02 in the same period last year, driven by increased investment in R&D projects[11] Other Income and Expenses - Other income decreased by 81.83% to ¥2,022,529.55 from ¥11,129,759.30 due to the absence of prior year VAT refunds[12] - Investment income surged by 374.54% to ¥7,220,172.80 from ¥1,521,503.77, reflecting returns from maturing financial products[12] - Cash received from tax refunds decreased by 74.70% to ¥4,183,449.49 from ¥16,537,022.58, due to prior year refunds not being repeated[15] - Cash received from other operating activities increased significantly by 2,890.85% to ¥6,949,890.12 from ¥232,371.93, including government support funds of ¥6 million[15] - Cash paid to employees increased by 53.04% to ¥36,593,057.11 from ¥23,910,992.96, attributed to a larger workforce and increased salaries[16]

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]