Financial Performance - The company's operating revenue for 2021 was CNY 1,254,053,101.56, representing a year-on-year increase of 32.28% compared to CNY 948,032,712.66 in 2020[21]. - The net profit attributable to shareholders for 2021 was CNY 59,780,941.55, which is a 25.90% increase from CNY 47,484,629.78 in 2020[21]. - The cash flow from operating activities for 2021 was CNY 3,573,877.52, a significant recovery from a negative cash flow of CNY -34,077,995.17 in 2020[21]. - The total assets at the end of 2021 were CNY 1,457,921,146.56, an increase of 23.11% from CNY 1,184,233,506.24 in 2020[21]. - The net assets attributable to shareholders increased by 41.90% to CNY 863,455,986.73 at the end of 2021, compared to CNY 608,510,068.32 at the end of 2020[21]. - Basic earnings per share for 2021 were CNY 0.44, up 7.32% from CNY 0.41 in 2020[22]. - The gross profit margin for the other power distribution and control equipment manufacturing segment was 19.67%, a decrease of 1.64 percentage points from the previous year[77]. - The company reported a total revenue of 74,580,000 million RMB, with a net profit of 35,378,015 million RMB, representing a profit margin of approximately 47.4%[57]. Research and Development - R&D investment reached CNY 40,821,244.30, representing a 22.73% increase year-on-year, with R&D personnel expanding to 120, accounting for 12.82% of total employees[31]. - The R&D expenditure as a percentage of operating revenue was 3.26% in 2021, a decrease of 0.25 percentage points from 3.51% in 2020[22]. - The company applied for 15 invention patents, 39 utility model patents, and 3 design patents during the reporting period, totaling 36 invention patents and 209 utility model patents authorized[32]. - The company has developed nine core process technologies that enhance its competitive edge in the busbar manufacturing sector[48]. - The company is focusing on enhancing product protection capabilities through structural optimization in its ongoing projects[52]. - The company is investing $50 million in R&D for new technologies aimed at enhancing product efficiency[124]. Corporate Governance - The company has received a standard unqualified audit report from Suya Jin Cheng Accounting Firm[5]. - The company has confirmed that all board members attended the board meeting[5]. - The company has established a comprehensive internal control system in accordance with relevant laws and regulations, enhancing corporate governance[164]. - The company has established specialized committees, including an Audit Committee and a Strategic Committee, to enhance oversight and strategic direction[141]. - The company has not faced any penalties from securities regulatory authorities in the past three years, reflecting a clean compliance record[137]. - The board of directors must obtain approval from more than half of the independent directors for profit distribution proposals[160]. Market and Industry Position - The company operates in the busbar manufacturing sector, which is part of the electrical machinery and equipment manufacturing industry, with significant growth potential driven by the rapid development of the power sector in China[39]. - The company has established a strong brand presence in the domestic busbar industry and is recognized as a leading manufacturer, supplying major enterprises such as State Grid and Huawei[45]. - The ongoing transition to renewable energy sources and the push for a new power system in China present significant market opportunities for the company[40]. - The company is focusing on market expansion and new product development to enhance its competitive edge in the photovoltaic sector[55]. - The company is expanding its market presence in Asia, targeting a 25% increase in market share over the next two years[120]. Risk Management - The company faces risks related to market competition, particularly from established international brands like Schneider and Siemens, which may impact its market share and sales revenue[68]. - The company is exposed to raw material price volatility, particularly for copper and aluminum, which can negatively affect profit margins if prices fluctuate significantly[69]. - The company has a substantial amount of accounts receivable, which poses a risk if collection efforts are not timely or if major debtors face financial difficulties[69]. - The company may face increased tax expenses if it fails to meet the criteria for high-tech enterprise status or if tax policies change, impacting its net operating performance[69]. Social Responsibility - The company donated a total of 8.40 million yuan for charitable activities, including 2.4 million yuan to the Jiangsu Youth Development Foundation and 6 million yuan to a vocational school[177]. - The company actively engages in community support initiatives, including providing aid to elderly individuals and students in need[191]. - The company invested over 160,000 RMB annually in social responsibility activities, including sponsoring charity events and supporting underprivileged students[191]. Shareholder Returns - The company plans to distribute a cash dividend of RMB 1.25 per 10 shares, totaling RMB 19,500,000, which represents 32.62% of the net profit attributable to shareholders[162]. - The company aims to distribute at least 10% of the annual distributable profit as cash dividends if conditions are met[156]. - Shareholder returns are expected to increase, with a proposed dividend of 0.5 per share, up from 0.4 last year[126]. Environmental Management - The company has implemented various environmental management regulations and established an EHS department to oversee environmental protection and safety[175]. - The company consumed approximately 8.71 million kWh of electricity and 38,186 tons of water during the reporting period[173]. - The company does not belong to the key pollutant discharge units as published by the environmental protection department[171].

Financial Performance - The company's operating revenue for Q3 2021 was ¥362,508,938.04, representing a year-on-year increase of 22.45%[5] - The net profit attributable to shareholders for Q3 2021 was ¥14,371,417.68, a decrease of 22.66% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was ¥14,472,778.49, down 16.74% year-on-year[5] - Total operating revenue for the first three quarters of 2021 reached ¥919,886,354.20, a significant increase from ¥625,051,623.06 in the same period of 2020, representing a growth of approximately 47.2%[22] - Net profit for the first three quarters of 2021 was ¥45,801,504.09, up from ¥27,948,508.20 in 2020, reflecting a growth of approximately 64.0%[23] - The total comprehensive income for the third quarter of 2021 was CNY 46,585,365.33, an increase from CNY 28,940,778.22 in the same period of 2020[24] Assets and Liabilities - The total assets at the end of Q3 2021 reached ¥1,431,512,398.80, an increase of 20.88% compared to the end of the previous year[6] - The company's total assets as of the end of Q3 2021 amounted to ¥1,431,512,398.80, compared to ¥1,184,233,506.24 at the end of Q3 2020, marking an increase of about 20.9%[19] - Total liabilities as of Q3 2021 were ¥553,098,437.97, slightly up from ¥546,568,954.80 in the previous year, showing a marginal increase of 1.0%[19] - Total liabilities amounted to 546,568,954.80, a decrease of 2,991,693.48 compared to the previous period[31] Equity - The company reported a significant increase in total equity attributable to shareholders, which rose by 39.34% to ¥847,909,222.48 by the end of Q3 2021[6] - The company's equity attributable to shareholders reached ¥847,909,222.48 in Q3 2021, compared to ¥608,510,068.32 in Q3 2020, representing a growth of approximately 39.3%[19] - Total equity attributable to shareholders reached 608,510,068.32, remaining unchanged from the previous period[31] Cash Flow - The cash flow from operating activities for the year-to-date period was -¥87,837,729.90, indicating a significant cash outflow[6] - Cash inflow from operating activities for the first three quarters of 2021 was CNY 1,044,352,668.08, up from CNY 629,866,156.50 in the same period of 2020, indicating a 66.00% growth[27] - The net cash flow from operating activities for the first three quarters of 2021 was -CNY 87,837,729.90, worsening from -CNY 65,681,761.48 in the previous year[27] - The company’s cash flow from operating activities showed a significant increase in cash receipts from sales, totaling CNY 1,015,569,656.91 for the first three quarters of 2021, compared to CNY 587,387,823.05 in the previous year, marking a 72.80% increase[26] Research and Development - The company's R&D investment for Q3 2021 was ¥11,263,574.47, which accounted for 3.11% of operating revenue, an increase of 0.07 percentage points[6] - Research and development expenses for the first three quarters of 2021 totaled ¥26,035,131.78, an increase from ¥17,897,191.49 in 2020, indicating a growth of about 45.4%[22] Shareholder Information - The total number of ordinary shares at the end of the reporting period was 8,544[14] - The total number of shareholders was not specified, but the top 10 shareholders held significant stakes, with the largest being Jiang Wengong at 22.40%[14] Other Financial Information - The company reported a credit impairment loss of ¥-5,024,567.73 for the first three quarters of 2021, compared to ¥-4,541,772.22 in the same period of 2020[23] - The company has not disclosed any new product or technology developments in the conference call[15] - There were no significant mergers or acquisitions mentioned during the earnings call[15]

Financial Performance - The company reported a significant increase in revenue for the first half of 2021, with total revenue reaching RMB 500 million, representing a year-on-year growth of 25%[10]. - The company's operating revenue for the first half of 2021 was approximately ¥557.38 million, representing a 69.42% increase compared to ¥328.99 million in the same period last year[16]. - The net profit attributable to shareholders for the first half of 2021 was approximately ¥30.21 million, a 217.63% increase from ¥9.51 million in the previous year[16]. - Basic earnings per share for the first half of 2021 were ¥0.26, up 225% from ¥0.08 in the same period last year[16]. - The company reported a total revenue of 13,241,914,000 RMB for the first half of 2021, an increase from 28,989,803,000 RMB in the previous period[33]. - The company achieved operating revenue of ¥557,377,416.16, an increase of 69.42% compared to the same period last year[39]. - The net profit attributable to the parent company was ¥30,210,530.33, up 217.63% year-on-year[39]. - The total comprehensive income for the first half of 2021 was CNY 31,905,891.29, compared to CNY 10,877,611.53 in the first half of 2020, marking an increase of 193.5%[147]. Research and Development - Research and development expenses have increased by 30% to RMB 80 million, focusing on innovative technologies in energy distribution systems[10]. - The company reported a total R&D investment of ¥17,480,549.59, an increase of 47.16% compared to the previous year[29]. - The company holds a total of 246 patents, including 29 invention patents, 196 utility model patents, and 10 design patents as of June 30, 2021[27]. - The company has developed 8 core process technologies for busbar products, enhancing its competitive edge in the market[26]. - The company's R&D investment capitalized ratio decreased by 0.56 percentage points to 11.35%[29]. - Research and development expenses for the first half of 2021 were ¥15,496,877.77, compared to ¥10,463,362.26 in the same period of 2020, indicating a focus on innovation[145]. Market Expansion and Strategy - The company is actively pursuing market expansion strategies, targeting new regions in Southeast Asia, with an estimated investment of RMB 50 million for market entry[10]. - The company has completed a strategic acquisition of a local competitor, which is expected to enhance its market share by 10% in the next fiscal year[10]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 500 million allocated for potential deals[81]. - Market expansion plans include entering three new international markets by Q4 2021, aiming for a 10% market share in each[81]. - The company is expanding its market presence in the photovoltaic sector, with new product lines aimed at reducing manufacturing costs[33]. Financial Position and Assets - The company's total assets increased by 24.64% to approximately ¥1.48 billion from ¥1.18 billion at the end of the previous year[16]. - The company's cash flow from operating activities was negative at approximately -¥46.97 million, a significant decrease of 369.35% compared to ¥17.44 million in the previous year[16]. - The company's cash and cash equivalents at the end of the period were 281.97 million RMB, a 244.50% increase from the previous year[51]. - The company's total liabilities increased to CNY 598,807,666.18 from CNY 534,662,357.06, representing an increase of approximately 12.0%[138]. - The total equity attributable to shareholders rose to ¥762,167,327.51, up from ¥545,225,909.01, marking an increase of 39.8%[143]. Shareholder and Stock Management - The board has approved a profit distribution plan, with no plans for capital increase through retained earnings for this reporting period[10]. - The company has committed to a voluntary lock-up period for executives, restricting share transfers for 36 months post-IPO[81]. - The company will announce any share reduction three trading days in advance[74]. - The company has committed to ensuring that any share reduction will comply with relevant laws and regulations[74]. - The company will not transfer shares to third parties engaged in similar or competitive businesses during the lock-up period[74]. Risks and Challenges - The company has identified potential risks, but none are expected to have a substantial impact on operations during the reporting period[10]. - The company faces risks from market competition, particularly from established international brands like Schneider and Siemens[42]. - The company is exposed to risks related to raw material price fluctuations, particularly for copper and aluminum, which significantly impact production costs[43]. - The company faced risks related to insufficient technological innovation and potential leakage of core technologies[45]. Corporate Social Responsibility - The company has actively engaged in social responsibility initiatives, raising CNY 2.46 million for impoverished students through various charity events[69]. - The company has conducted over 3,000 activities in its elderly care project, benefiting 102 elderly individuals in need[70]. - The company has implemented energy-saving measures and is constructing green factories to enhance energy efficiency[68]. - The company has not faced any environmental complaints or pollution incidents during the reporting period[67].