Financial Performance - Operating income for the period was ¥115,821,774.38, representing a year-on-year growth of 35.61%[17] - Net profit attributable to shareholders of the listed company was ¥26,813,085.34, a decrease of 25.16% compared to the same period last year[17] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥41,163,524.65, up 24.43% year-on-year[17] - Basic earnings per share decreased to ¥0.44, down 37.14% from ¥0.70 in the same period last year[17] - The weighted average return on net assets was 1.25%, a decrease of 66.84% compared to the previous year[17] - Revenue for the period reached ¥115,821,774.38, a 35.61% increase compared to the previous year[31] - Total profit for Q1 2021 was CNY 33,225,635.06, down from CNY 44,752,542.96 in Q1 2020, representing a decrease of about 26%[53] - Net profit for Q1 2021 was CNY 26,813,085.34, down from CNY 35,825,165.34 in Q1 2020, indicating a decrease of about 25%[55] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,341,677,928.31, an increase of 3.16% compared to the end of the previous year[17] - Total assets amounted to ¥2,341,677,928.31, up from ¥2,270,047,443.56 in the previous year[39] - The company's total assets as of March 31, 2021, were ¥2,343,980,712.89, compared to ¥2,260,986,459.23 at the end of 2020[47] - The total liabilities as of March 31, 2021, were ¥265,918,604.83, an increase from ¥191,005,112.63 in the previous year[47] - Shareholders' equity totaled ¥2,078,062,108.06, up from ¥2,069,981,346.60 at the end of 2020[49] Cash Flow - Net cash flow from operating activities increased significantly to ¥21,799,019.83, up 130.99% year-on-year[17] - Cash inflow from operating activities for Q1 2021 was approximately ¥156.61 million, a significant increase from ¥82.79 million in Q1 2020, representing a growth of 89%[63] - Net cash flow from operating activities for Q1 2021 was ¥21.80 million, compared to ¥9.44 million in Q1 2020, indicating a year-over-year increase of 130%[63] - Total cash inflow from investment activities in Q1 2021 reached ¥959.20 million, while cash outflow was ¥897.16 million, resulting in a net cash flow of ¥62.05 million[68] - The total cash and cash equivalents at the end of Q1 2021 amounted to ¥449.52 million, an increase from ¥428.58 million at the end of Q1 2020[68] Shareholder Information - The total number of shareholders at the end of the reporting period was 4,960[28] - The top ten shareholders held a total of 68.42% of the shares, with Tianjin Xinhua Investment Holding Co., Ltd. being the largest shareholder at 29.79%[28] Research and Development - The proportion of R&D investment to operating income rose to 17.04%, an increase of 67.72% compared to the previous year[17] - Research and development expenses soared by 127.40% to ¥19,738,719.82, indicating increased investment in innovation[31] - R&D expenses in Q1 2021 amounted to ¥19,738,719.82, significantly increasing by 127.0% compared to ¥8,680,265.33 in Q1 2020[49] - Research and development expenses increased to CNY 13,567,937.67 in Q1 2021, up from CNY 6,619,154.59 in Q1 2020, marking a rise of about 105%[56] Accounts and Inventory - Accounts receivable increased by 41.72% to ¥129,617,920.16, primarily due to revenue growth during the reporting period[31] - Accounts receivable rose to ¥129,724,423.65, compared to ¥91,575,428.67 in Q1 2020, indicating improved sales performance[47] - Inventory rose by 55.86% to ¥108,850,184.52 as production and stocking efforts intensified[31] - Inventory increased to ¥109,585,128.04 from ¥66,507,929.03 in the previous year, reflecting potential growth in production or sales[47] Other Financial Metrics - Trading financial assets decreased by 40.29% to ¥578,800,765.59 due to the decline in fair value of privately placed stocks[31] - Prepayments surged by 28,456.93% to ¥256,541,440.19, attributed to building construction[31] - Contract liabilities increased by 103.43% to ¥82,040,965.72, reflecting growth in the main business during the reporting period[31] - Employee compensation payable decreased by 55.76% to ¥14,527,541.69, mainly due to last year's year-end bonuses[31] - Tax payable increased by 40.75% to ¥12,104,977.82, driven by growth in sales revenue[31] - Financial expenses, including interest expenses, were CNY -5,975,638.70 in Q1 2021, compared to CNY -3,014,342.70 in Q1 2020, indicating an increase in financial costs[56] - Tax expenses for Q1 2021 were CNY 6,412,549.72, compared to CNY 8,927,377.62 in Q1 2020, indicating a decrease of approximately 28%[53] - The company experienced a credit impairment loss of CNY -1,931,439.58 in Q1 2021, compared to a loss of CNY -1,385,104.04 in Q1 2020, reflecting an increase in credit risk[53]

Financial Performance - Net profit attributable to shareholders was CNY 136,746,066.18, representing a growth of 68.05% year-on-year[20]. - Operating revenue for the first nine months was CNY 292,632,885.33, up 45.47% from the same period last year[20]. - Basic earnings per share rose to CNY 2.37, a 30.22% increase compared to the previous year[22]. - The diluted earnings per share also stood at CNY 2.37, reflecting consistent performance[22]. - Net profit for Q3 2020 reached CNY 47,342,720.70, representing a 9.0% increase from CNY 43,387,048.26 in Q3 2019[54]. - Total profit amounted to CNY 35,339,025.14, compared to CNY 21,304,185.86 in the previous year, reflecting a growth of approximately 66%[60]. - Net profit reached CNY 34,260,212.02, up from CNY 19,940,172.18 year-over-year, indicating a growth of about 72%[60]. Revenue and Costs - Total operating revenue for Q3 2020 was CNY 108,579,406.47, an increase of 9.8% compared to CNY 98,921,261.95 in Q3 2019[51]. - Total operating costs for Q3 2020 were CNY 59,943,328.13, up 32.7% from CNY 45,203,509.50 in Q3 2019[51]. - Total operating revenue for the first three quarters of 2020 was CNY 292,632,885.33, compared to CNY 201,166,865.67 in the same period of 2019, marking a 45.5% increase[51]. - Total operating costs for the first three quarters of 2020 were CNY 151,201,507.41, an increase of 45.3% from CNY 104,029,466.52 in the first three quarters of 2019[51]. Cash Flow - Net cash flow from operating activities increased by 833.54% to CNY 94,235,792.44 year-to-date[20]. - Cash flow from financing activities reached CNY 1,472,058,254.82, a dramatic increase of 1,572.69% from CNY 88,005,700.00 last year[34]. - Cash inflow from financing activities amounted to CNY 1,528,613,803.64, up from CNY 110,705,700.00 in 2019, reflecting an increase of about 1,280.5%[75]. - Cash flow from investing activities showed a net outflow of CNY 1,112,660,676.19, compared to a smaller outflow of CNY 5,544,416.00 in the previous year[68]. - The net increase in cash and cash equivalents for the period was CNY 448,352,755.29, compared to CNY 88,364,445.56 in the same period last year, showing an increase of approximately 407.5%[75]. Assets and Liabilities - Total assets reached CNY 2,151,794,154.86, an increase of 335.95% compared to the end of the previous year[20]. - Total liabilities reached approximately $93.01 million, up from $65.57 million, representing an increase of about 41.9%[46]. - Total current liabilities amounted to CNY 65,433,236.84[78]. - Total equity attributable to shareholders reached ¥428,011,297.27, with retained earnings of ¥193,976,572.55[82]. - The company’s total non-current assets rose to approximately $219.36 million from $75.25 million, indicating a growth of approximately 191.5%[46]. Shareholder Information - The total number of shareholders at the end of the reporting period was 6,922[28]. - The largest shareholder, Tianjin Xinhua Investment Holding Co., held 29.79% of shares[28]. Research and Development - R&D expenditure accounted for 13.16% of operating revenue, an increase of 1.42 percentage points[22]. - The company has significantly increased its investment in R&D and new product development, contributing to revenue growth[34]. - Research and development expenses for Q3 2020 were CNY 17,466,501.87, a significant increase of 79.5% compared to CNY 9,749,951.00 in Q3 2019[51]. Other Financial Metrics - The company reported government subsidies of CNY 24,388.98 for the current period[24]. - The company reported a significant increase in inventory, which rose to approximately $50.47 million from $40.95 million, reflecting a growth of about 23.1%[46]. - The company reported a significant increase in other income, totaling CNY 267,971.87, compared to CNY 34,562.03 in the same period last year[60].

Financial Performance - The company reported a total revenue of RMB 500 million for the first half of 2020, representing a year-on-year increase of 15%[2] - The net profit attributable to shareholders was RMB 100 million, with a profit margin of 20%[2] - The company's operating revenue for the first half of the year reached ¥184,053,478.86, representing an 80.01% increase compared to ¥102,245,603.72 in the same period last year[26] - Net profit attributable to shareholders increased by 135.37% to ¥89,403,345.48 from ¥37,983,850.93 year-on-year[26] - The net cash flow from operating activities surged by 172.51% to ¥52,535,961.82, up from ¥19,278,726.65 in the previous year[26] - Cash and cash equivalents increased to ¥455,290,097.99, primarily due to funds raised from the company's successful listing on the Sci-Tech Innovation Board[84] - The company achieved operating revenue of ¥184,053,478.86, representing a year-on-year increase of 80.01%[89] - Net profit attributable to shareholders reached ¥89,403,345.48, reflecting a year-on-year growth of 135.37%[89] Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 30% market share by the end of 2021[2] - The company has no plans for mergers or acquisitions in the near term, focusing instead on organic growth strategies[2] - Future guidance indicates a projected revenue growth of 20% for the second half of 2020, driven by increased demand in the semiconductor sector[2] - The company plans to expand into international markets and new application areas, with potential risks if it fails to secure international clients[93] Research and Development - The company has allocated RMB 50 million for research and development in advanced semiconductor technologies for the upcoming fiscal year[2] - The proportion of R&D investment to operating revenue decreased by 2.14 percentage points to 11.43% from 13.57% year-on-year[29] - Research and development (R&D) investment totaled ¥21,039,423.56, up 51.62% year-on-year, accounting for 11.43% of operating revenue[89] - The company has established a research and development organization with multiple technical teams, focusing on software, hardware, PCB, FPGA, and structural design[42] - The company has a strong pipeline of projects aimed at expanding its testing capabilities for mixed-signal integrated circuits, ensuring it remains competitive in the market[68] Product Development and Technology - New product development includes the launch of a next-generation testing equipment, expected to increase efficiency by 40%[2] - The company has achieved significant technological breakthroughs, overcoming foreign giants' monopolies in the semiconductor testing system market[38] - The company has developed a CROSS technology platform that allows for testing of various device types by changing different testing modules[38] - The company’s Per PIN V/I source technology has reached domestic advanced levels, enhancing load response and reducing output ripple[62] - The company has launched a one-stop dynamic and static full-parameter testing system for smart power modules, breaking the technological monopoly of foreign competitors in this field[68] Operational Efficiency and Quality Control - The company aims to improve production capacity utilization and reduce product costs through lean production line enhancements[92] - The company has implemented strict quality control measures for outsourced production, including quality inspections and monthly internal meetings to address quality issues[52] - The company emphasizes the need for effective quality control in its semiconductor automation testing systems to maintain market reputation[93] Shareholder and Stock Management - The board has approved a dividend distribution plan, with a proposed payout ratio of 30% of net profits[2] - The company will implement a proactive profit distribution policy to ensure reasonable returns to shareholders while maintaining sustainable development[133] - The controlling shareholder commits not to transfer or manage shares for 36 months post-listing, ensuring stable control[123] - The company plans to repurchase shares to stabilize stock prices, with a budget not exceeding 30% of the previous year's net profit attributable to shareholders[126] Risks and Challenges - There are no significant risks identified that could impact the company's operations in the upcoming period[2] - The semiconductor testing machine industry is characterized by cyclical fluctuations, and the company's significant performance growth may not be sustainable throughout the year[93] - The company faces risks related to the underperformance of fundraising projects and potential challenges in the development of SoC and high-power device testing systems[104] Corporate Governance and Compliance - The company appointed DaXin Accounting Firm as the financial and internal control audit institution for the year 2020, with a one-year term approved by the shareholders' meeting on May 15, 2020[157] - The company issued a commitment letter to regulate related party transactions, ensuring fair and reasonable practices, and no misuse of rights to harm the interests of shareholders[153] - The commitments made by the controlling shareholder are valid for twelve months after they cease to be a shareholder[149]

Dividend Distribution - The company plans to distribute a cash dividend of RMB 6 per 10 shares, totaling RMB 36,711,111.6, based on a total share capital of 61,185,186 shares[6]. - The profit distribution plan requires approval from the 2019 annual general meeting of shareholders[6]. - The company reported a net profit of RMB 101,987,135.51 for 2019, with a cash dividend payout ratio of 36%[123]. - In 2018, the cash dividend was RMB 4.36 per 10 shares, totaling RMB 20,000,000, with a payout ratio of 19.61%[123]. - In 2017, the cash dividend was RMB 7.69 per 10 shares, totaling RMB 32,300,000, with a payout ratio of 34.83%[123]. - The company has not proposed a cash profit distribution plan for the reporting period despite having positive distributable profits[124]. - The company’s board of directors will consider industry characteristics and operational conditions when proposing cash dividend policies[122]. - The remaining undistributed profits will be carried forward to the next fiscal year[122]. Financial Performance - The company reported a total revenue of RMB 1.2 billion for the fiscal year 2019, representing a year-on-year growth of 15%[25]. - The company's operating revenue for 2019 was ¥254,610,663.45, representing a 16.43% increase compared to ¥218,676,733.27 in 2018[28]. - Net profit attributable to shareholders for 2019 was ¥101,987,135.51, a 12.41% increase from ¥90,729,261.19 in 2018[28]. - The gross profit margin for the year was 35%, indicating a stable profitability despite market fluctuations[25]. - The net cash flow from operating activities decreased by 41.39% to ¥59,650,879.90 from ¥101,779,194.12 in 2018[28]. - The company's total assets increased by 72.53% to ¥493,584,129.86 at the end of 2019, up from ¥286,081,428.35 at the end of 2018[28]. - Basic earnings per share for 2019 was ¥2.27, a 5.09% increase from ¥2.16 in 2018[28]. - The weighted average return on equity decreased by 13.41 percentage points to 28.65% in 2019 from 42.06% in 2018[28]. Research and Development - The company has invested RMB 100 million in R&D for advanced semiconductor technologies, aiming to lead in innovation within the industry[25]. - Research and development expenses accounted for 12.83% of operating revenue, an increase of 1.68 percentage points from 11.15% in 2018[28]. - The total R&D investment for the year was ¥32,659,509.58, representing 12.83% of the company's revenue, with a year-on-year increase of 33.89%[57][58]. - The number of R&D personnel increased by 11, reaching a total of 82, which constitutes 34.75% of the company's total workforce[57][58]. - The company applied for a total of 31 patents in 2019, including 13 invention patents, and received authorization for 4 invention patents, 15 utility model patents, and 3 design patents[57]. - The company has developed advanced technologies in four key areas: V/I sources, precision voltage and current measurement, wide bandgap semiconductor testing, and smart power module testing[55]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in sales from this region in the next fiscal year[25]. - Future guidance indicates an expected revenue growth of 10-15% for the upcoming fiscal year, driven by new product launches and market expansion[25]. - The company is exploring potential mergers and acquisitions to strengthen its technology portfolio and market position[25]. - The company aims to enhance competitiveness by increasing R&D investment and developing new products in the semiconductor automated testing system field[136]. - The company plans to expand into international markets and new application fields, which may pose risks if not effectively executed[81]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from Da Xin Accounting Firm[5]. - The board of directors and supervisory board members have confirmed the accuracy and completeness of the annual report[3]. - The company does not have any special arrangements for corporate governance[8]. - The company has committed to maintaining stable operations and will not reduce shareholdings during specified lock-up periods[127]. - The company will ensure that any share repurchase decisions are made within 15 trading days after the triggering conditions are met[139]. Risks and Challenges - There are no significant risks reported for the company during the reporting period[4]. - The company faces risks related to market capacity, competition, and potential downturns in the semiconductor industry due to macroeconomic conditions[81]. - Ongoing international trade tensions, particularly between China and the U.S., could impact the company's global market sales and product supply[83]. Customer and Market Insights - User data showed an increase in the number of clients by 20%, reaching a total of 500 active clients by the end of 2019[25]. - The company has established service centers in Suzhou, Xi'an, and Chengdu to enhance regional marketing management and customer support[44]. - The company is actively developing new customers while maintaining existing ones, contributing to the growth in sales of testing systems[90]. Technological Advancements - The company specializes in the research, production, and sales of semiconductor automated test systems, becoming the largest domestic supplier in this field[36]. - The company has achieved significant technological breakthroughs, including the STS 8200, STS 8202, and STS 8203 products, which are the first of their kind in China to enter mass production[36]. - The CROSS technology platform, launched in 2014, allows for testing various device types by swapping different test modules[36]. - The next-generation STS 8300 platform, featuring "ALL in ONE" capabilities, has received orders from customers in mainland China, Taiwan, and the United States[50]. Financial Management - The company has a strong cash position with RMB 300 million in cash reserves, providing flexibility for future investments and strategic initiatives[25]. - The company’s cash and cash equivalents rose by 103.16% to 227,500,230.77 CNY, primarily due to capital increases[105]. - The company reported a total of 10 million RMB in entrusted financial management with an annualized return rate of 3.05% for the first product, resulting in an actual return of 58,493.16 RMB[163]. Shareholder Commitments - The controlling shareholder must increase their holdings if the stock price remains below the threshold after the maximum repurchase limit is reached[132]. - The company will compensate investors for losses caused by non-fulfillment of commitments[141]. - Major shareholders holding 5% of the company's shares have committed to standardizing related party transactions, ensuring full disclosure and compliance with regulations[148].

Financial Performance - Net profit attributable to shareholders of the listed company was CNY 35,825,165.34, representing a growth of 54.18% year-on-year[12] - Operating income for the period was CNY 85,408,512.79, reflecting a year-on-year increase of 42.87%[12] - Basic earnings per share increased by 27.27% to CNY 0.70 from CNY 0.55 in the previous year[12] - The company reported a net profit of RMB 167,067,160.72 for Q1 2020, compared to RMB 155,637,553.93 in Q1 2019, showing a growth of 7.9%[36] - The company's net profit for the first quarter of 2020 was CNY 11,429,606.79, an increase from CNY 6,355,559.80 in the same period of 2019, representing an increase of approximately 79.5%[46] - Operating revenue for the first quarter of 2020 reached CNY 86,018,404.94, up from CNY 60,196,365.12 in the first quarter of 2019, indicating a year-over-year increase of approximately 42.9%[44] - The total profit for the first quarter of 2020 was CNY 12,680,348.09, significantly higher than CNY 6,866,141.92 in the previous year, representing an increase of approximately 84.5%[44] Assets and Equity - Total assets at the end of the reporting period reached CNY 2,031,715,332.34, an increase of 311.63% compared to the end of the previous year[12] - Total equity increased by 361.69% to ¥1,976,095,045.57 from ¥428,011,297.27[21] - The total assets as of March 31, 2020, were RMB 2,004,167,000.56, significantly higher than RMB 484,493,229.70 at the same time in 2019[39] - The total equity as of March 31, 2020, was RMB 1,913,360,468.40, up from RMB 389,672,278.65 in Q1 2019, reflecting a 389.5% increase[36] Cash Flow - The net cash flow from operating activities decreased by 33.84% to CNY 9,437,101.81 compared to the same period last year[12] - The cash flow from operating activities showed a strong performance with a total inflow of 81,911,712.12 RMB, compared to 61,639,835.11 RMB previously, marking an increase of approximately 32.7%[52] - Cash inflow from financing activities reached 1,528,613,803.64 RMB, with a net cash flow of 1,509,147,431.02 RMB after outflows[53] - The net cash flow from financing activities reached ¥1,509,147,431.02, a significant increase of 1263.21% from ¥110,705,700.00[21] Liabilities - Total liabilities decreased to ¥55,620,286.77 from ¥65,572,832.59[29] - The total liabilities as of March 31, 2020, were RMB 90,806,532.16, slightly down from RMB 94,820,951.05 in Q1 2019[36] Research and Development - Research and development expenses accounted for 10.16% of operating income, a decrease of 1.19 percentage points compared to the previous year[15] - Research and development expenses in Q1 2020 amounted to RMB 8,680,265.33, compared to RMB 6,786,359.96 in Q1 2019, indicating a 28.0% increase[39] - Research and development expenses for the first quarter of 2020 were CNY 6,619,154.59, compared to CNY 5,196,146.77 in the first quarter of 2019, reflecting an increase of approximately 27.4%[44] Shareholder Information - The total number of shareholders at the end of the reporting period was 8,986[18] - The largest shareholder, Tianjin Xinhua Investment Holdings Co., Ltd., held 29.79% of the shares[18]