Financial Performance - The company's operating revenue for Q3 2021 was ¥147,836,385.91, representing a year-on-year increase of 31.50%[5] - The net profit attributable to shareholders for Q3 2021 was ¥27,266,591.55, up 32.87% compared to the same period last year[5] - Total operating revenue for the first three quarters of 2021 reached ¥384,871,237.49, a significant increase from ¥274,361,193.69 in the same period of 2020, representing an increase of approximately 40%[22] - Net profit for the first three quarters of 2021 was ¥50,961,823.58, slightly up from ¥50,153,058.99 in the same period of 2020, reflecting a growth of approximately 1.6%[23] - The basic earnings per share for Q3 2021 was ¥0.18, a decrease of 15.91% compared to the previous year[6] - Earnings per share (EPS) for the first three quarters of 2021 was ¥0.37, down from ¥0.44 in the same period of 2020[24] Research and Development - The R&D investment for Q3 2021 totaled ¥18,202,272.01, an increase of 110.44% year-on-year, accounting for 12.31% of operating revenue[6] - The company plans to continue increasing R&D investment to strengthen its long-term competitive advantage in technology[11] - Research and development expenses for the first three quarters of 2021 were ¥44,605,084.34, compared to ¥22,557,005.75 in 2020, showing an increase of approximately 97%[22] Assets and Liabilities - Total assets increased by 51.20% year-on-year to ¥1,084,805,768.64, driven by growth in accounts receivable and inventory[6] - As of September 30, 2021, total assets reached RMB 1,084,805,768.64, an increase from RMB 717,467,963.38 at the end of 2020, representing a growth of approximately 50.9%[18] - Current assets totaled RMB 993,430,707.11, up from RMB 688,417,707.26, indicating a growth of about 44.4% year-over-year[19] - The total liabilities amounted to ¥290,124,066.30, while total equity reached ¥794,681,702.34, indicating a strong equity position relative to liabilities[21] - The company’s total liabilities included accounts payable of RMB 138,532,138.89, slightly up from RMB 137,439,097.83[19] Cash Flow - The cash flow from operating activities showed a net outflow of ¥175,528,700.20 for the year-to-date period[6] - The net cash flow from operating activities was -175,528,700.20 RMB, a decrease from -24,331,835.38 RMB in the previous year[26] - The company’s cash inflow from operating activities was 357,916,217.65 RMB, compared to 378,506,692.46 RMB in the previous year[26] - The cash outflow from operating activities totaled 533,444,917.85 RMB, an increase from 402,838,527.84 RMB year-over-year[26] Shareholder Information - The company reported a total of 10 major shareholders, with the largest being the National Social Security Fund, holding 2,109,740 shares[15] - The company plans to grant 2.13 million restricted stocks under the incentive plan, which is 1.39% of the total share capital[16] - The first grant of 1.83 million shares will be priced at RMB 8.4 per share, representing 85.92% of the total restricted stocks to be granted[16] Financial Stability - The company has maintained a strong capital reserve of ¥393,142,351.36, which supports its financial stability and growth initiatives[21] - The company received a listing financing reward of ¥10 million during the reporting period, contributing to the increase in net profit[11] - The company reported a financial expense of -¥3,914,925.23, which is an improvement compared to a financial expense of ¥306,043.54 in the previous year[22] Changes in Accounting Standards - The company implemented a new leasing standard effective January 1, 2021, adjusting retained earnings and related financial statement items accordingly[32]

Financial Performance - The company reported a total revenue of 1.5 billion RMB for the first half of 2021, representing a year-on-year increase of 20%[13]. - The company has set a revenue guidance of 3 billion RMB for the full year 2021, which would represent a 25% increase from 2020[13]. - The company's operating revenue for the first half of the year reached ¥237,034,851.58, representing a 46.37% increase compared to ¥161,938,529.07 in the same period last year[20]. - The net profit attributable to shareholders decreased by 20.04% to ¥23,695,232.03 from ¥29,632,487.50 year-on-year[20]. - The basic earnings per share fell by 26.92% to ¥0.19, down from ¥0.26 in the previous year[22]. - The company's comprehensive gross margin for the period was 34.34%, reflecting a decrease compared to the same period last year[87]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion in the first half of 2021, representing a 25% year-over-year growth[116]. - The company provided a positive outlook for the second half of 2021, projecting a revenue increase of 20%[140]. Research and Development - The company is investing 200 million RMB in R&D for new technologies, focusing on AI and IoT applications[13]. - Research and development expenses accounted for 11.14% of operating revenue, an increase of 2.55 percentage points compared to 8.59% last year[22]. - The company has seen a significant increase in R&D personnel and high-end talent, contributing to higher average salaries compared to the previous year[23]. - The company launched an intelligent monitoring system for power transmission lines, which utilizes monocular combined with three-dimensional point cloud data for hazard distance measurement and big data clustering analysis, recognized as internationally leading by the China Electricity Council[44]. - The company developed two new artificial intelligence recognition algorithms and optimized algorithm integration to enhance image analysis service performance[43]. - The company is actively exploring technology applications in rail transit, emergency management, smart finance, and smart water conservancy, leveraging its experience in the power industry[43]. - The company has established extensive technical R&D cooperation with universities and research institutes, including Tsinghua University and Shandong University[64]. Market Expansion and Strategy - Market expansion plans include entering two new provinces in China by Q4 2021, aiming for a 10% market share in those regions[13]. - The company is focusing on expanding its market presence in the smart operation and maintenance analysis management system for the power industry[28]. - The company plans to expand its market presence through the development of new products and technologies, particularly in the field of intelligent surveillance[55]. - The company is considering strategic acquisitions to enhance its product portfolio, with a target of acquiring two companies within the next 12 months[116]. - The company is exploring potential mergers and acquisitions to accelerate growth and market expansion strategies[200]. Operational Efficiency - The company aims to continuously innovate and respond quickly to market demands, maintaining a competitive edge in the industry[40]. - The company has implemented a dual-driven integrated product development model focusing on market and technology trends[29]. - The company is focusing on the development of edge computing and intelligent algorithms, which are expected to significantly improve data processing capabilities[54]. - The company achieved a significant improvement in operational efficiency, with a reduction in false positive rates by 8% and an increase in operational decision-making capabilities[56]. - The company plans to increase its marketing budget by 20% to support the new product launches and market expansion efforts[118]. Financial Management and Shareholder Relations - The board confirmed that there are no non-operational fund usages by major shareholders, ensuring financial integrity[4]. - The company has implemented a restricted stock incentive plan for 2021, details of which were disclosed on June 18, 2021[108]. - The company has committed to not engaging in any business that competes with its subsidiaries, ensuring no direct or indirect competition from related parties[142]. - The company will ensure timely and accurate disclosure of information regarding share reductions in accordance with regulatory requirements[115]. - The company has enhanced its profit distribution policy, ensuring transparency and stability in returns to investors, with a focus on cash dividends and stock dividends[130]. Risks and Challenges - The company has identified key risks including supply chain disruptions and regulatory changes, with mitigation strategies outlined in the report[4]. - The company faces risks related to the loss of technical personnel and potential technology leaks, which could impact its development[76]. - The company has a significant reliance on the electric power industry, with 99.77% of its sales revenue coming from electric grid companies[80]. - The company is exposed to risks from international trade complexities, which could lead to increased production costs and reduced gross margins[89]. Shareholder Structure and IPO - The company completed its initial public offering (IPO) of 38,261,512 shares, increasing total shares from 114,784,535 to 153,046,047[157]. - The total number of shareholders reached 9,208 by the end of the reporting period[158]. - The largest shareholder, Zibo Zhiyang Holdings Co., Ltd., holds 52,416,000 shares, representing 34.25% of total shares[160]. - The company has established strategic relationships with key shareholders, including Liu Guoyong, Nie Shugang, and Zhao Yanqing, who are identified as acting in concert under a joint action agreement[164]. Future Outlook - The management remains optimistic about future performance, projecting continued growth in both revenue and profitability[200]. - The company plans to continue its focus on expanding its market presence and enhancing product offerings in the upcoming quarters[200]. - The company is committed to improving its governance structure and internal controls to enhance operational efficiency and risk management[129].

Financial Performance - Operating revenue increased by 115.21% to CNY 32,522,708.82 year-on-year[5] - Net loss attributable to shareholders was CNY -1,680,314.88, a decrease of 647.94% compared to the previous year[5] - The company's operating revenue for Q1 2021 was CNY 32,595,131.97, a 116.7% increase from CNY 15,056,218.57 in Q1 2020[30] - The net profit for Q1 2021 was a loss of CNY 1,680,314.88, compared to a profit of CNY 306,662.88 in Q1 2020[28] - The total profit for Q1 2021 was a loss of CNY 2,869,329.72, compared to a loss of CNY 46,395.50 in Q1 2020[30] Cash Flow - The company reported a net cash flow from operating activities of CNY -45,882,103.13, compared to CNY -29,312,695.65 in the same period last year[5] - The net cash flow from operating activities for Q1 2021 was -45,882,103.13 RMB, compared to -29,312,695.65 RMB in Q1 2020, indicating a decline of approximately 56.5% year-over-year[34] - Total cash inflow from operating activities was 121,579,358.04 RMB, up from 101,470,994.72 RMB in the previous year, representing an increase of about 19.9%[34] - Cash outflow from operating activities totaled 167,461,461.17 RMB, compared to 130,783,690.37 RMB in Q1 2020, reflecting a rise of approximately 28%[34] - The ending cash and cash equivalents balance was 131,612,139.84 RMB, down from 188,732,156.41 RMB at the beginning of the period, a decrease of approximately 30.2%[35] Assets and Liabilities - Total assets decreased by 6.95% to CNY 667,570,098.47 compared to the end of the previous year[5] - The company's total current assets decreased to ¥635,088,720.16 from ¥688,417,707.26, reflecting a reduction in cash and receivables[18] - Total liabilities decreased to CNY 274,944,867.96 in Q1 2021 from CNY 323,162,417.99 at the end of 2020, a reduction of 14.9%[20] - Current liabilities totaled CNY 274,938,770.60 in Q1 2021, down 15.0% from CNY 323,152,662.31 in Q4 2020[20] - The company's short-term borrowings decreased by 32.30% to ¥15,090,000.00 from ¥22,290,000.00, primarily due to repayment of due borrowings during the period[13] Research and Development - Research and development expenses accounted for 34.36% of operating revenue, down 2.85 percentage points from the previous year[7] - Research and development expenses increased to CNY 11,174,736.93 in Q1 2021, up 98.1% from CNY 5,622,658.34 in Q1 2020[30] Shareholder Information - The number of shareholders at the end of the reporting period was 80[10] - The largest shareholder, Zibo Zhiyang Holdings Co., Ltd., held 45.66% of the shares[11] Government Support - The company received government subsidies amounting to CNY 2,327,701.18 related to normal business operations[7] Other Financial Metrics - The weighted average return on net assets decreased by 0.53 percentage points to -0.43%[7] - The company's investment income decreased by 66.94% to ¥164,583.31 from ¥497,892.31, mainly due to reduced financial product purchases[13] - The company's deferred income decreased by 37.50% to ¥6,097.36 from ¥9,755.68, primarily due to the amortization of government grants related to assets[13] - The company reported other income of CNY 6,120,774.03 in Q1 2021, down from CNY 7,269,957.24 in Q1 2020[30]