Financial Performance - The company's operating revenue for Q1 2022 was ¥259,495,300.17, representing a year-on-year increase of 124.05%[6]. - The net profit attributable to shareholders was ¥122,198,901.49, reflecting a significant increase of 355.74% compared to the same period last year[6]. - The net profit after deducting non-recurring gains and losses was ¥121,510,407.52, up by 195.19% year-on-year[6]. - Basic and diluted earnings per share were both ¥1.99, an increase of 352.85% compared to the same period last year[8]. - Operating profit for Q1 2022 was ¥141,310,709.45, compared to ¥33,225,640.05 in Q1 2021, indicating an increase of about 324.5%[37]. - Net profit for Q1 2022 was ¥122,198,901.49, up from ¥26,813,085.34 in Q1 2021, reflecting a growth of approximately 455.5%[37]. - The company reported a total comprehensive income of ¥123,203,700.02 for Q1 2022, compared to ¥26,813,085.34 in Q1 2021, indicating a growth of approximately 359.5%[39]. Cash Flow - The net cash flow from operating activities reached ¥90,024,044.90, marking a 312.97% increase from the previous year[6]. - Cash inflow from operating activities in Q1 2022 totaled ¥280,785,592.95, compared to ¥156,605,370.96 in Q1 2021, representing an increase of approximately 79.3%[39]. - The net cash flow from operating activities was $90,024,044.90, a significant increase from $21,799,019.83 in the previous period, reflecting a growth of approximately 313%[42]. - The total cash outflow from operating activities amounted to $190,761,548.05, compared to $134,806,351.13 previously, indicating an increase of about 41.5%[42]. - The cash outflow from financing activities was $53,254,216.84, with cash paid for dividends and interest amounting to $52,421,128.00[44]. Research and Development - The total R&D investment amounted to ¥26,419,261.13, which accounted for 10.18% of operating revenue, a decrease of 6.86 percentage points year-on-year[8]. - Research and development expenses for Q1 2022 were ¥26,419,261.13, up from ¥19,738,719.82 in Q1 2021, indicating a rise of about 33.9%[33]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥2,956,353,940.90, a 1.43% increase from the end of the previous year[8]. - The total current assets as of March 31, 2022, amounted to ¥2,305,271,396.31, a decrease from ¥2,354,638,982.41 in the previous year, reflecting a decline of approximately 2.09%[24]. - Total non-current assets reached ¥651,082,544.59, up from ¥559,992,568.91, marking an increase of around 16.30%[27]. - Total current liabilities increased to ¥325,563,472.66 from ¥285,243,056.13, which is an increase of approximately 14.12%[30]. - The total liabilities of the company amounted to ¥334,527,411.22, up from ¥293,536,132.08, indicating a rise of about 13.98%[30]. - The total equity attributable to shareholders was reported at ¥2,621,826,529.68, slightly up from ¥2,621,095,419.24, showing a marginal increase of approximately 0.03%[30]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 4,437[17]. Other Financial Metrics - The company reported a non-recurring gain of ¥688,493.97, after accounting for tax effects[12]. - Other comprehensive income after tax for Q1 2022 was ¥1,004,798.53, with no comparable figure provided for Q1 2021[37]. - The company paid $52,431,094.90 in taxes, which is an increase from $17,567,900.13 in the previous period, reflecting a growth of about 198%[42]. - The cash paid to employees was $63,870,163.01, up from $49,784,542.38, marking an increase of approximately 28.3%[42]. - The impact of exchange rate changes on cash and cash equivalents was -$139,811.97, contrasting with a positive impact of $79,888.79 in the previous period[44].

Financial Performance - The company achieved operating revenue of ¥878,269,295.84, representing a year-on-year growth of 120.96%[92]. - The net profit attributable to shareholders reached ¥438,773,193.33, an increase of 120.28% compared to the previous year[92]. - The net cash flow from operating activities was ¥354,442,445.26, a significant increase of 155.59% year-on-year, attributed to rapid sales growth and good collection of receivables[92]. - The company's total assets at the end of 2021 were approximately ¥2.91 billion, an increase of 28.40% from ¥2.27 billion at the end of 2020[28]. - The company reported a net asset attributable to shareholders of approximately ¥2.62 billion at the end of 2021, a 22.78% increase from ¥2.13 billion at the end of 2020[28]. - The company experienced significant growth in both revenue and net profit over the past three years, driven by industry opportunities and strong R&D capabilities[30]. - The company reported a significant increase in trading financial assets, with a change of ¥629,331,719.17 during the period, impacting profits negatively by ¥1,904,711.30[38]. - The company achieved a total revenue of RMB 323.59 million in the reporting period, a significant increase from RMB 94.04 million in the previous period[73]. Research and Development - The company has 133 employees engaged in R&D, accounting for 34.28% of the total workforce, highlighting the importance of retaining technical talent[88]. - The company increased R&D investment and established a joint laboratory with Tianjin University, aiming to cultivate more talent in the integrated circuit field[42]. - The company has developed 11 core technologies, including PerPINV/I source technology and high-precision V/I source clamp control technology, which are crucial for maintaining its competitive edge[81]. - Research and development expenses amounted to ¥94,044,119.58, reflecting a 59.03% increase year-on-year, driven by ongoing R&D investments and new product development[92]. - The company has received recognition as a national-level "specialized, refined, distinctive, and innovative" enterprise, enhancing its competitive position[64]. - The company is focusing on developing high-speed, high-precision, and highly integrated semiconductor testing equipment to meet the increasing complexity of semiconductor products[64]. Corporate Governance - The company has no special arrangements for corporate governance, ensuring standard operational practices[12]. - The company has established a governance structure compliant with relevant laws and regulations, ensuring proper operation of its shareholder meetings and board of directors[145]. - The company’s board of directors includes independent directors who actively participated in all meetings[178]. - The company has implemented a system for evaluating and adjusting the remuneration of its directors and senior management based on performance[175]. - The company’s audit committee has diligently reviewed and approved all proposals in accordance with legal and regulatory requirements[182]. - The company has not faced any penalties from securities regulatory agencies in the past three years[174]. Market Position and Strategy - The company has become the largest domestic supplier of semiconductor testing systems, providing equipment to well-known chip design companies and foundries[48]. - The company is recognized as a leading domestic supplier in the semiconductor automated testing equipment sector, effectively replacing imports with its own technology[77]. - The company aims to solidify its domestic market while expanding overseas, focusing on increasing market share in regions such as Europe, Southeast Asia, and the United States[135]. - The company plans to expand into international markets and accelerate product development in new application areas[84]. - The company is actively exploring the power device testing market, driven by the increasing demand for IGBT, GaN, and SiC applications in the rapidly growing photovoltaic and new energy sectors[137]. Employee and Compensation - The total pre-tax compensation for the chairman, Sun Qiang, was CNY 242.23 million for the reporting period[155]. - The total pre-tax compensation for the general manager, Cai Lin, was CNY 437.56 million for the reporting period[155]. - The total pre-tax compensation for the deputy general manager, Xu Jieshuang, was CNY 779.23 million for the reporting period[155]. - The company has established a comprehensive training program to enhance employee skills and overall quality[190]. - The company’s remuneration policy is based on market conditions, regional differences, and industry characteristics, ensuring a scientific and reasonable approach[189]. Future Outlook - The company plans to distribute a cash dividend of RMB 21.5 per 10 shares, totaling RMB 131,856,821.1 (including tax) for the 2021 fiscal year[194]. - The company plans to achieve a production capacity of 200 sets of SoC integrated circuit automated testing systems, entering a market currently dominated by international leaders[89]. - Future plans include seeking suitable industry targets for investment and acquisitions, leveraging capital markets for financing while minimizing risks through thorough due diligence[143]. - The company will focus on talent acquisition and development, establishing a robust talent management system to build a high-quality workforce[142]. - The company plans to enhance its online sales channels, aiming for a 30% increase in e-commerce revenue by the next quarter[167].

Financial Performance - The company's operating revenue for Q3 2021 reached ¥312,795,716.80, representing a year-on-year increase of 188.08%[8] - Net profit attributable to shareholders for the same period was ¥162,765,352.54, up 243.80% compared to the previous year[8] - The net profit excluding non-recurring gains and losses was ¥175,852,415.30, reflecting a significant increase of 343.99% year-on-year[8] - Basic earnings per share for Q3 2021 were ¥2.66, an increase of 245.45% compared to the same period last year[11] - Total operating revenue for the first three quarters of 2021 reached ¥637,210,826.11, a significant increase from ¥292,632,885.33 in the same period of 2020, representing a growth of approximately 117.5%[40] - Operating profit for the third quarter of 2021 was ¥361,942,368.71, compared to ¥170,126,277.75 in the third quarter of 2020, indicating an increase of about 112.5%[42] - Net profit for the first three quarters of 2021 was ¥311,192,769.63, up from ¥136,746,066.18 in the same period of 2020, reflecting a growth of approximately 127.5%[42] - Basic earnings per share for the third quarter of 2021 was ¥5.08, compared to ¥2.37 in the third quarter of 2020, marking an increase of about 114.3%[45] Assets and Liabilities - The company's total assets as of the end of Q3 2021 amounted to ¥2,698,090,135.38, an increase of 18.86% from the end of the previous year[11] - Total liabilities as of the end of the reporting period were ¥257,720,509.57, compared to ¥135,310,944.38 at the same time last year, indicating an increase of about 90.7%[40] - The total assets of the company reached RMB 2,698,090,135.38, up from RMB 2,270,047,443.56 in the previous year[34] - The company's total liabilities include accounts payable of RMB 31,786,210.14 and contract liabilities of RMB 140,009,128.83[34] Cash Flow - The company reported a net cash flow from operating activities of ¥258,546,794.11, which is a 180.81% increase compared to the same period last year[11] - Cash flow from operating activities for the first three quarters of 2021 was ¥657,476,957.16, compared to ¥286,526,814.74 in the same period of 2020, indicating a growth of about 129.0%[46] - Net cash inflow from operating activities reached $258,546,794.11, a significant increase from $92,071,596.22 in the previous year, representing a growth of 180.5%[50] - The company reported a net cash outflow from financing activities of $46,625,702.14, contrasting with a net inflow of $1,472,058,254.82 in the same period last year[52] Research and Development - Research and development expenses totaled ¥22,919,386.34 for the quarter, accounting for 7.33% of operating revenue, a decrease of 8.76 percentage points year-on-year[11] - The company plans to continue increasing its investment in research and development to support future growth[19] - Research and development expenses for the first three quarters of 2021 totaled ¥64,396,839.20, compared to ¥38,505,925.43 in the same period of 2020, representing an increase of approximately 67.5%[40] Shareholder Information - The total equity attributable to shareholders at the end of Q3 2021 was ¥2,440,369,625.81, reflecting a year-on-year increase of 14.32%[11] - Total number of common shareholders at the end of the reporting period was 4,730[22] - The largest shareholder, Tianjin Chip Hua Investment Holding Co., Ltd., holds 18,229,556 shares, accounting for 29.72% of total shares[22] - The company has a total of 11,075,066 shares held by China Times Vision Technology Co., Ltd., representing 18.06% of total shares[22] Inventory and Current Assets - The company reported a significant increase in inventory, rising to RMB 159,453,240.94 from RMB 69,836,787.74[30] - Total current assets increased to RMB 2,211,694,724.79 from RMB 2,085,123,565.69 year-over-year[30] - The company's cash and cash equivalents as of September 30, 2021, amounted to RMB 1,095,661,066.55, an increase from RMB 766,424,420.78 in the previous year[30] Investment Activities - Total cash inflow from investment activities amounted to $2,650,362,602.77, compared to $1,569,842,563.45 in the prior year, indicating a year-over-year increase of 68.7%[50] - Cash outflow from investment activities was $2,457,891,213.39, down from $3,009,641,543.42, showing a decrease of 18.3%[50] - The net cash flow from investment activities was $192,471,389.38, a turnaround from a negative cash flow of $1,439,798,979.97 in the previous year[50] - The company reported cash inflow from investment recovery of $2,521,000,000.00, compared to $1,546,000,000.00 in the previous year, reflecting a growth of 63.0%[50]

Financial Performance - The company reported a significant increase in revenue for the first half of 2021, achieving a total of 500 million RMB, representing a growth of 25% compared to the same period last year[21]. - The company's operating revenue for the first half of the year reached ¥324,415,109.31, representing a 76.26% increase compared to ¥184,053,478.86 in the same period last year[27]. - Net profit attributable to shareholders was ¥148,427,417.09, up 66.02% from ¥89,403,345.48 year-on-year[27]. - The net cash flow from operating activities increased by 150.30%, amounting to ¥127,863,987.88 compared to ¥51,084,913.84 in the previous year[27]. - Basic earnings per share rose to ¥2.42, a 52.20% increase from ¥1.59 in the same period last year[27]. - Cash and cash equivalents at the end of the period amounted to ¥951,371,779.28, a 24.13% increase from the previous year[97]. - Accounts receivable increased by 112.79% to ¥194,626,398.26, primarily due to higher sales revenue[97]. - The company reported a significant increase in contract liabilities by 210.06% to ¥125,046,203.60, reflecting a rise in sales orders[97]. Market Position and Growth - User data indicates that the number of active users has reached 1 million, marking a 15% increase year-over-year[21]. - The company has provided a positive outlook for the second half of 2021, projecting a revenue growth of 20%[21]. - The company is expanding its market presence, targeting an increase in market share by 10% in the semiconductor testing sector[21]. - The semiconductor testing equipment market is projected to grow by 26% in 2021, driven by demand from 5G and high-performance computing applications[36]. - The company has established itself as the largest domestic supplier of semiconductor testing systems, breaking the monopoly of foreign manufacturers in the analog and mixed-signal testing machine sectors[42]. - The company has been actively expanding its market share in the third-generation semiconductor sector, with significant growth in orders for gallium nitride and power management applications[41]. - The company is positioned to benefit from the ongoing trend of domestic substitution in the semiconductor equipment market, as the industry shifts focus towards local suppliers[40]. - The company has become the largest domestic supplier of semiconductor testing systems in China, focusing on the development, production, and sales of automated testing systems for semiconductor devices[45]. Research and Development - New product development includes the launch of a next-generation testing system, expected to enhance testing efficiency by 30%[21]. - R&D investment reached ¥41,477,452.86, a significant increase of 97.14% year-on-year, accounting for 12.79% of operating revenue, up 1.36 percentage points[54][57]. - The R&D investment as a percentage of operating revenue was 12.79%, up from 11.43% year-on-year, indicating a focus on innovation[27]. - The number of R&D personnel increased to 128, representing 36.68% of the total workforce, with an average salary of ¥286,225.56[61]. - The company is currently working on several projects, including a high-voltage power semiconductor testing system with an expected total investment of ¥30,630,000[58]. - The STS8200 and STS8300 general module development projects are in various stages of production and testing, contributing to the company's product offerings[60]. - The company is actively developing new testing solutions for power devices, including IPM module testing and dynamic parameter testing solutions, which have been adopted by various domestic and international enterprises[46]. Governance and Compliance - There are no significant risks reported that could impact the company's operations or financial performance[7]. - The financial report for the first half of 2021 has not been audited, but management has confirmed its accuracy and completeness[8]. - The company maintains a strong governance structure, with all board members present at the meeting to approve the report[7]. - The company has no plans for profit distribution or capital increase through reserves during this reporting period[9]. - The company has not engaged in any non-operational fund occupation by controlling shareholders or related parties[10]. Shareholder Commitments and Stock Management - The actual controller and major shareholders have committed to a 36-month lock-up period for their shares starting from the date of the company's IPO[123]. - Other shareholders are also subject to a 12-month lock-up period for their shares from the IPO date[134]. - The company has implemented measures to stabilize its stock price if the closing price falls below the latest audited net asset value per share for 20 consecutive trading days within three years of the IPO[136]. - The company will not repurchase shares held by the actual controller or major shareholders during the lock-up period[130]. - The company has established a long-term commitment from its shareholders regarding share transfer and management[125]. - The commitments made by the company and its controlling shareholders are subject to supervision by regulatory bodies and the public[167]. - The company will disclose any failure to fulfill commitments and the reasons for such failures to shareholders and the public[169]. - The controlling shareholders will return any after-tax cash dividends received from the company if they violate the share repurchase commitments[161]. Future Plans and Strategies - The company is actively pursuing market expansion and new technology development, which may involve risks related to project returns and competition[84]. - A wholly-owned subsidiary is planned to be established in Malaysia to further expand overseas markets[70]. - The company implemented a stock incentive plan to enhance management motivation and cohesion, supporting sustainable growth[71]. - The Tianjin base, a key project, has completed construction and is entering the final acceptance stage, which will alleviate current capacity constraints[71]. - The company commits to actively increase R&D investment and enhance market expansion capabilities to improve brand influence and market share in the semiconductor automation testing system sector[154]. - The company will enhance internal controls and operational efficiency to manage risks and reduce costs effectively[154]. - The company will take proactive steps to improve its competitive edge and operational capabilities through continuous innovation and market responsiveness[154].

Financial Performance - The company's operating revenue for 2020 was approximately ¥397.48 million, representing a 56.11% increase compared to ¥254.61 million in 2019 [27]. - The net profit attributable to shareholders for 2020 was approximately ¥199.19 million, a 95.31% increase from ¥101.99 million in 2019 [27]. - The net cash flow from operating activities reached approximately ¥138.67 million, showing a significant increase of 132.48% compared to ¥59.65 million in 2019 [27]. - The basic earnings per share for 2020 was ¥3.40, up 49.78% from ¥2.27 in 2019 [30]. - The company's total assets at the end of 2020 were approximately ¥2.27 billion, a 359.91% increase from ¥493.58 million at the end of 2019 [27]. - The net profit after deducting non-recurring gains and losses for 2020 was approximately ¥147.92 million, a 45.61% increase from ¥101.59 million in 2019 [27]. - The company reported a total of ¥54.68 million in non-recurring gains for 2020, primarily from fair value changes in financial assets [34]. - The company's net assets attributable to shareholders increased to approximately ¥2.13 billion by the end of 2020, a 398.76% increase from ¥428.01 million at the end of 2019 [27]. Research and Development - Research and development expenses accounted for 14.88% of operating revenue in 2020, an increase of 2.05 percentage points from 12.83% in 2019 [30]. - The company has established a robust R&D organization focusing on core technology development, with teams dedicated to software, hardware, PCB, FPGA, and structural design [42]. - The company has increased its R&D investment by 81.07% year-on-year, totaling approximately ¥59.13 million, which represents 14.88% of its operating revenue [53][55]. - The number of R&D personnel has increased to 112, accounting for 37.71% of the total workforce, reflecting the company's commitment to innovation [57]. - The company has achieved significant advancements in GaN wafer testing, solving multiple industry challenges and entering a phase of performance release [51]. Market Position and Strategy - The company specializes in the research, production, and sales of semiconductor automated test systems, becoming the largest domestic supplier in this field with over 3,500 units installed [38]. - The semiconductor automated test system market is expected to maintain a strong growth trend, driven by new applications in IoT, big data, AI, 5G, and automotive electronics [46]. - The company has positioned itself as a key supplier for major domestic semiconductor packaging and testing firms, breaking the monopoly of foreign manufacturers in the mixed-signal testing machine sector [47]. - The company is focused on expanding into international markets and new application fields to sustain growth [74]. - The company has maintained close relationships with both established and startup chip design firms, fostering mutual growth and collaboration [52]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from Da Xin Accounting Firm [8]. - There are no significant risks or non-operational fund occupation by controlling shareholders reported [11]. - The company has no special arrangements for corporate governance [10]. - The company has no violations of decision-making procedures for external guarantees [11]. - The company has committed to not occupy its funds or assets in any form, ensuring the interests of all shareholders are protected [163]. Cash Dividend Policy - The company plans to distribute cash dividends of RMB 10 per 10 shares, totaling RMB 61,185,186 for the year 2020, which is 30.72% of the net profit attributable to shareholders [130]. - The company has established a cash dividend policy to distribute at least 10% of the distributable profit annually, with a cumulative distribution of at least 30% over any three consecutive years without major investment plans [127]. - The board of directors may propose differentiated cash dividend policies based on the company's development stage and major capital expenditure plans [127]. - The cash dividend distribution plan for 2020 is subject to approval at the annual general meeting [127]. Risks and Challenges - The company faces risks related to market competition, supply chain stability, and potential economic downturns affecting the semiconductor industry [75]. - The company is facing risks related to technology development and talent retention, with 37.71% of employees engaged in R&D [79]. Shareholder Commitments - The company has a commitment from its actual controller and major shareholders to not transfer or reduce their shares for a specified period following the IPO [131]. - Shareholders are committed to not transferring or entrusting their shares for 36 months from the date of acquisition, ensuring stability in shareholding [137]. - The company will disclose control arrangements if any shareholder reduces their holdings after the lock-up period, ensuring ongoing stable operations [138]. Financial Management and Investments - The company has engaged in multiple structured deposits with various banks, including a total of CNY 429,000,000.00 in a six-month structured deposit linked to gold, with an expected annualized return of 3.80% [186]. - The company has a total of CNY 100,000,000.00 in a principal-protected wealth management product with an expected return of 3.15% [188]. - The company has reported actual returns of CNY 7,668,555.18 from a six-month structured deposit that matured on August 24, 2020 [186]. - The company has not indicated any future wealth management plans as of the latest report [186].

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]