Financial Performance - The company's operating revenue for Q1 2023 was CNY 372,166,949.16, representing a year-on-year increase of 33.74%[5] - The net profit attributable to shareholders for Q1 2023 was CNY 38,168,932.36, with a year-on-year growth of 3.53%[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 31,474,709.76, reflecting a 14.05% increase compared to the same period last year[5] - Total operating revenue for Q1 2023 reached ¥372,166,949.16, a 33.7% increase from ¥278,277,201.17 in Q1 2022[20] - Net profit for Q1 2023 was ¥47,610,501.06, representing a 18.5% increase compared to ¥40,220,436.40 in Q1 2022[21] - Earnings per share for Q1 2023 were ¥0.4113, compared to ¥0.3973 in Q1 2022, reflecting a growth of 3.9%[22] - The company reported a total comprehensive income of ¥42,422,043.02 for Q1 2023, down from ¥46,767,184.90 in Q1 2022[22] Assets and Liabilities - The total assets at the end of Q1 2023 amounted to CNY 3,297,289,931.83, an increase of 5.33% from the end of the previous year[6] - As of March 31, 2023, the total current assets amounted to RMB 2,412,849,569.47, an increase from RMB 2,271,367,159.82 as of December 31, 2022, reflecting a growth of approximately 6%[15] - The total assets reached RMB 3,297,289,931.83, up from RMB 3,130,289,821.95, which is an increase of about 5.3%[17] - The total non-current assets amounted to RMB 884,440,362.36, compared to RMB 858,922,662.13, reflecting a growth of approximately 2.9%[17] - The total liabilities as of Q1 2023 were ¥975,414,390.54, up from ¥879,277,995.60 in Q1 2022, indicating a 10.9% increase[18] - The total liabilities increased, with accounts payable rising to RMB 201,173,227.11 from RMB 187,448,678.52, which is an increase of approximately 7.4%[17] Cash Flow - The net cash flow from operating activities was negative at CNY -93,635,201.42, attributed to increased accounts receivable and inventory[11] - In Q1 2023, the net cash flow from operating activities was -$93.64 million, compared to -$67.87 million in Q1 2022, indicating a decline in operational cash generation[24] - Cash inflow from operating activities in Q1 2023 totaled ¥275,113,282.55, significantly higher than ¥135,592,119.86 in Q1 2022[23] - The total cash inflow from investment activities was $253.84 million, down from $445.56 million in the same period last year, resulting in a net cash flow from investment activities of -$42.08 million, compared to -$154.15 million in Q1 2022[24] - Cash inflow from financing activities totaled $188.22 million, significantly higher than $9.25 million in Q1 2022, leading to a net cash flow from financing activities of $133.31 million, compared to -$27.94 million last year[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 5,926[13] - The top shareholder, Wu Hehong, holds 25.10% of the shares, totaling 23,297,000 shares[13] Research and Development - The company's R&D investment totaled CNY 16,834,631.80, accounting for 4.52% of operating revenue, a decrease of 0.15 percentage points year-on-year[6] - Research and development expenses for Q1 2023 amounted to ¥16,834,631.80, an increase of 29.0% from ¥12,999,951.29 in Q1 2022[20] - The company has not provided any new product or technology development updates in this quarter's report[15] Financial Expenses and Tax - The company’s financial expenses increased to ¥5,174,111.61 in Q1 2023, compared to ¥175,807.23 in Q1 2022, reflecting a significant rise in interest expenses[20] - Tax payments amounted to $22.59 million, up from $10.68 million in Q1 2022, reflecting a significant increase in tax obligations[24] Other Financial Metrics - The basic earnings per share for Q1 2023 was CNY 0.4113, which is a 3.53% increase compared to the same period last year[6] - The cash and cash equivalents decreased slightly to RMB 197,021,748.37 from RMB 199,371,507.17, indicating a decline of about 1.2%[15] - The accounts receivable increased significantly to RMB 507,851,010.35 from RMB 426,050,909.42, representing a growth of approximately 19.2%[15] - The inventory rose to RMB 546,514,870.99 from RMB 496,287,250.46, marking an increase of around 10.1%[15] - Short-term borrowings increased to RMB 295,734,199.00 from RMB 168,552,543.06, indicating a rise of about 75.5%[17] - The company paid $80.71 million in employee compensation and related cash payments, an increase from $62.13 million in the previous year[24] - The cash outflow for investing in fixed assets and other long-term assets was $295.92 million, compared to $599.71 million in the same period last year[24] - The impact of exchange rate fluctuations on cash and cash equivalents was a decrease of $1.86 million, contrasting with an increase of $902,219.60 in Q1 2022[24]

证券代码：688257 证券简称：新锐股份 苏州新锐合金工具股份有限公司 2022 年 5 月投资者关系活动记录表 | --- | --- | |-------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Group 1: Company Operations and Impact - The company's operations were not significantly affected by recent domestic COVID-19 outbreaks, as measures were taken to mitigate difficulties [2] - The production cycle for roller bits is generally 30 days [2] - The total production capacity for hard alloy products can reach 1,800 tons per year [2] Group 2: Export and Supply Chain - The company primarily uses FOB shipping, with the company covering costs to the export port, while customers bear sea freight costs [2] - The delivery period for overseas shipments has been extended due to the pandemic, but is gradually improving as the situation stabilizes [2] - The average turnover period for raw materials like tungsten carbide powder and cobalt powder is about 1 month [3] Group 3: Market Strategy and Product Development - The company aims to increase market share by enhancing existing products and developing new ones [4] - The core product, roller bits, is currently focused on exports, with plans to expand overseas market share [3] - The company plans to find partners with local mining service experience to expand overseas sales channels [4] Group 4: Cost Management and Talent Acquisition - Efforts to reduce costs include increasing automation to lower labor needs and centralized management of raw material procurement [4] - The company is focused on recruiting high-end technical talent and international sales professionals to strengthen its technical team and expand overseas operations [4]

2022 年第三季度报告 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 证券代码：688257 证券简称：新锐股份 苏州新锐合金工具股份有限公司 2022 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 项目 本报告期 本报告期 比上年同 期增减变 动幅度(%) 年初至报告期末 年初至报告期 末比上年同期 增减变动幅度 (%) 营业收入 299,897,066.31 31.88 879,353,558.01 31.78 归属于上市公司股东的 净利润 34,512,807.70 -2.27 110,006,647.58 7.75 归属于上市公司股东的 扣除非经常性损益的净 ...

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion CNY for the first half of 2022, representing a year-on-year growth of 15%[1]. - The company's operating revenue increased by 31.73% compared to the same period last year, driven by strong sales of cemented carbide and carbide tool products[20]. - The company's operating revenue for the first half of the year reached ¥579,456,491.70, representing a 31.73% increase compared to ¥439,895,910.80 in the same period last year[22]. - Net profit attributable to shareholders was ¥75,071,299.33, up 12.78% from ¥66,564,475.44 year-on-year[22]. - The net profit after deducting non-recurring gains and losses fell by 10.43% year-on-year, contributing to a 32.82% decrease in basic earnings per share after adjustments[21]. - Basic earnings per share decreased by 15.41% to CNY 0.8090 from CNY 0.9564 in the same period last year[20]. - The diluted earnings per share remained the same as basic earnings per share at CNY 0.8090, reflecting the same decline as basic earnings[20]. - The net cash flow from operating activities significantly declined due to increased accounts receivable and inventory, as well as cash used for fixed asset purchases[21]. - The company's total share capital increased from 69.6 million shares to 92.8 million shares following its IPO in October 2021[21]. Market Expansion and Strategy - The company is expanding its market presence, targeting new regions in Southeast Asia, with an investment of 50 million CNY allocated for market entry strategies[1]. - A strategic acquisition of a local competitor is in progress, which is anticipated to enhance market share by 5%[1]. - The company has successfully expanded its international market presence, with sales of offshore roller bits and other products growing faster than domestic sales[20]. - The company is actively pursuing the acquisition of Guizhou Huifeng Machinery Manufacturing Co., Ltd. to enhance its product line in top hammer drilling tools[56]. - The company has established new subsidiaries in Canada and the U.S. to expand its international presence[79]. Research and Development - The research and development expenditure accounted for 5.04% of operating revenue, an increase of 0.47 percentage points compared to the previous year[20]. - R&D expenses increased by 45.35% year-over-year, totaling approximately ¥29.23 million compared to ¥20.11 million in the same period last year[42]. - The significant increase in R&D investment is attributed to enhanced focus on hard alloy tools and various hard alloy products[43]. - The company has accumulated 187 domestic patent authorizations, including 46 invention patents, as of June 30, 2022[39]. - The company is focusing on the development of metal ceramics, which have a wide range of applications in various industries due to their high hardness and wear resistance[37]. - The overall R&D strategy focuses on enhancing product performance and expanding applications in mining, automotive, and energy sectors[46]. Operational Efficiency - The company has implemented new technologies in production, leading to a 10% reduction in manufacturing costs[1]. - The cost of sales increased by 45.64% to CNY 400.42 million, impacting overall profitability[70]. - The company's inventory value was CNY 403.84 million, accounting for 18.96% of current assets, posing a risk of inventory impairment[65]. - Accounts receivable amounted to CNY 357.13 million, representing 16.77% of current assets, with potential risks of bad debt losses[64]. - The company's goodwill stood at CNY 94.60 million, subject to impairment risks due to economic or operational changes[64]. Governance and Compliance - The company emphasizes the importance of maintaining transparency and accuracy in financial disclosures to mitigate investor risks[1]. - The company continues to enhance its governance structure, with all resolutions from the shareholders' meeting approved without any rejections[86]. - The controlling shareholder and actual controller, Wu Hehong, committed to not transferring or entrusting the management of shares held prior to the public offering for 36 months from the date of listing[98]. - The company commits to fulfilling measures to compensate for any dilution of immediate returns and will publicly explain any failure to do so[118]. - The company will ensure compliance with any changes in laws or regulations regarding share lock-up periods[100]. Environmental Responsibility - The company emphasizes environmental responsibility, implementing wastewater treatment systems and recycling measures to minimize pollution[92]. - The company is committed to sustainable development, utilizing energy-efficient equipment to reduce resource consumption[92]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[90]. Financial Management - The company reported a financial expense of -¥2,932,161.70, a decrease from ¥3,098,966.73 in the previous year, indicating improved financial management[193]. - The company received CNY 31,636,073.87 in tax refunds during the first half of 2022, compared to CNY 3,045,403.93 in the same period of 2021, reflecting favorable tax conditions[200]. - The company utilized idle funds for cash management, purchasing structured deposits and expanding production capacity through fixed asset investments[71].

Financial Performance - The company's operating revenue for Q1 2022 was ¥278,277,201.17, representing a year-on-year increase of 29.96%[3] - Net profit attributable to shareholders was ¥36,911,193.21, with a slight increase of 1.99% compared to the same period last year[3] - The net profit after deducting non-recurring gains and losses decreased by 17.84% to ¥27,598,642.97[3] - Total operating revenue for Q1 2022 reached ¥278,277,201.17, an increase of 30% compared to ¥214,117,885.92 in Q1 2021[16] - Net profit for Q1 2022 was ¥40,264,245.63, representing a 2% increase from ¥39,544,815.29 in Q1 2021[17] - Total comprehensive income for Q1 2022 was ¥46,810,994.13, an increase from ¥38,968,309.23 in Q1 2021[17] Research and Development - The company's R&D investment totaled ¥12,999,951.29, which is an increase of 36.22% year-on-year, accounting for 4.67% of operating revenue[4] - R&D expenses increased to ¥12,999,951.29 in Q1 2022, up 36% from ¥9,543,493.89 in Q1 2021[16] Earnings and Shareholder Information - The basic earnings per share for the period was ¥0.3977, down 23.51% year-on-year[3] - Basic earnings per share for Q1 2022 decreased to ¥0.3977 from ¥0.5200 in Q1 2021[17] - The total number of ordinary shareholders at the end of the reporting period was 6,824[9] - The top shareholder, Wu Hehong, holds 25.10% of the shares, totaling 23,297,000 shares[9] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥67,873,990.92, indicating a significant cash outflow[3] - Cash flow from operating activities for Q1 2022 was negative at -¥67,873,990.92, compared to -¥9,371,707.93 in Q1 2021[20] - The cash and cash equivalents decreased to RMB 224,035,368.69 from RMB 464,006,342.30, representing a decline of approximately 51.8%[12] - The company experienced a net decrease in cash and cash equivalents of -$248.38 million, compared to -$14.53 million in the previous period[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,723,871,479.09, reflecting a 3.00% increase from the end of the previous year[4] - As of March 31, 2022, the total current assets amounted to RMB 2,135,063,407.09, a slight decrease from RMB 2,158,924,176.47 at the end of 2021[12] - Total liabilities as of March 31, 2022, were RMB 620,168,489.13, slightly up from RMB 612,794,178.54[14] - The total equity attributable to shareholders increased to RMB 2,031,976,532.07 from RMB 1,990,482,614.91, marking a growth of about 2.1%[14] - The company reported a significant increase in goodwill, which rose to RMB 96,199,312.12 from RMB 49,135,645.83, representing an increase of approximately 96%[13] Investment Activities - The company reported a significant investment cash inflow of ¥445,158,066.08 in Q1 2022[20] - Investment activities generated a net cash flow of -$153.76 million, compared to -$42.38 million in the previous period[21] - The cash inflow from investment activities was $445.56 million, while cash outflow was $599.33 million[21] - The company made cash payments of $521.94 million for investments during the period[21] Financing Activities - Total cash inflow from financing activities was $9.25 million, down from $55.15 million in the previous period[21] - Cash outflow from financing activities totaled $36.89 million, compared to $19.25 million in the previous period[21] - The net cash flow from financing activities was -$27.64 million, a significant decrease from $35.90 million in the previous period[21] Accounting Standards - The company is not applying the new accounting standards for the current year[22]

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the fiscal year 2021, representing a growth of 15% compared to the previous year[20]. - The company achieved operating revenue of approximately RMB 894.41 million in 2021, representing a year-on-year increase of 22.56%[30]. - Net profit attributable to shareholders reached approximately RMB 136.24 million, up 19.66% compared to the previous year[30]. - The company reported a total revenue of 1.5 billion in 2021, representing a year-over-year growth of 15%[161]. - The company reported a net profit margin of 12% for 2021, an increase from 10% in 2020, reflecting improved operational efficiency[155]. - The company reported a gross margin of 40%, an improvement from 35% in the previous year[161]. - The company’s hard alloy revenue increased by 29.18%, with sales volume growing by 20.95% year-on-year[107]. - The company reported a 5% decrease in operational costs due to improved efficiency measures implemented in the last quarter[154]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of RMB 5 per 10 shares, totaling approximately RMB 46.4 million, which represents 34.06% of the net profit attributable to shareholders for 2021[5]. - The profit distribution plan requires approval from the annual general meeting of shareholders[5]. - The company has a cash dividend policy that mandates at least 10% of the distributable profit to be distributed in cash after reserving statutory and surplus reserves[183]. - The company plans to prioritize cash dividends, with a minimum of 80% of the profit distribution in cash during mature stages without major capital expenditures[183]. - The company reported a positive net profit available for distribution to shareholders during the reporting period but did not propose a cash profit distribution plan, requiring detailed disclosure of reasons and intended use of undistributed profits[188]. Research and Development - Investment in R&D has increased by 25%, focusing on the development of new hard alloy materials and cutting tools to enhance product offerings[20]. - The company is investing $50 million in R&D for new technologies aimed at enhancing product efficiency[154]. - R&D investment totaled CNY 43.15 million, a year-on-year increase of 11.65%, accounting for 4.82% of revenue[32]. - The company has established a comprehensive R&D system to quickly respond to market demands and develop new products[41]. - The company has applied for 8 new intellectual property projects during the reporting period, bringing the total number of authorized projects to 164, including 43 invention patents[59][60]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share in the region by 2023[20]. - The company provided a positive outlook for 2022, projecting a revenue growth of 10% to 12% based on market expansion strategies and new product launches[20]. - The company aims to enhance its market expansion efforts, leveraging its brand strength to develop internationally competitive products[76]. - The company is exploring potential acquisitions to further strengthen its market position, with a budget of $100 million allocated for this purpose[154]. - A strategic acquisition of a local competitor is expected to be finalized in Q2 2022, which will enhance the company's production capacity by 30%[20]. Operational Efficiency - The company aims to improve operational efficiency, targeting a reduction in production costs by 5% through automation and process optimization[20]. - The gross margin for the year was reported at 35%, reflecting improved cost management and pricing strategies[20]. - The company achieved a welding pass rate of over 97% in the automated welding of B4 teeth, indicating a high level of production efficiency[65]. - The company has implemented a comprehensive talent development system to mitigate risks associated with the loss of key technical personnel, ensuring a stable management team[79]. Risk Management - The company has detailed various risks faced in its operations, which investors should be aware of[4]. - The company emphasizes the importance of understanding the difference between plans, forecasts, and commitments in its forward-looking statements[6]. - The company has established robust internal control systems to safeguard investor interests and ensure compliance with regulations[149]. - The company has no significant differences in governance compared to regulatory requirements, ensuring independence from controlling shareholders[149]. Corporate Governance - The board of directors has confirmed the accuracy and completeness of the annual report, with no significant omissions or misleading statements[4]. - The company has established a modern corporate governance structure, continuously improving the operation mechanisms of the shareholders' meeting, board of directors, supervisory board, and management[194]. - The company held 10 board meetings during the year, with 9 conducted in a combined format of in-person and communication methods[166]. - The company has established a remuneration policy that aligns employee compensation with performance, promoting a competitive and motivating work environment[176]. Environmental and Social Responsibility - The company strictly adheres to environmental protection laws and regulations, implementing pollution control measures and promoting carbon reduction[194]. - The company has implemented a wastewater treatment system that ensures treated wastewater meets standards before discharge, with some being recycled[200]. - The company actively promotes a low-carbon economy and has taken measures to reduce energy consumption and pollutant emissions[199]. - The company has established effective communication channels with investors to enhance ESG performance and reduce operational risks[194].

Financial Performance - The company's operating revenue for Q3 2021 was ¥227,396,899.29, representing a year-on-year increase of 25.91%[5] - The net profit attributable to shareholders for the same period was ¥35,001,226.31, reflecting a year-on-year growth of 32.85%[5] - The basic earnings per share for Q3 2021 was ¥0.5029, an increase of 32.85% compared to the previous year[6] - The net profit after deducting non-recurring gains and losses was ¥33,735,852.66, up 28.65% year-on-year[5] - Total operating revenue for the first three quarters of 2021 reached ¥667,292,810.09, a 26.4% increase compared to ¥527,968,002.38 in the same period of 2020[18] - Net profit for the first three quarters of 2021 was ¥111,997,962.88, representing a 26.0% increase from ¥88,874,678.44 in the previous year[20] - The total profit for the first three quarters was ¥138,453,811.08, an increase of 26.1% compared to ¥109,736,977.50 in the same period of 2020[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,213,394,349.86, an increase of 22.95% compared to the end of the previous year[6] - As of September 30, 2021, total assets amounted to CNY 1,213,394,349.86, an increase from CNY 986,893,812.38 at the end of 2020[15] - Current assets totaled CNY 812,697,859.96, up from CNY 687,943,783.26 in the previous year[16] - Total liabilities increased to CNY 569,118,827.48 from CNY 433,872,162.13, representing a rise of approximately 31.1%[17] - The total assets increased from RMB 986,893,812.38 to RMB 1,001,422,802.13, reflecting a growth of approximately 1.4%[28] - The total liabilities rose from RMB 433,872,162.13 to RMB 448,913,957.64, an increase of about 3.5%[28] Equity and Shareholder Information - The total equity attributable to shareholders was ¥603,102,170.32, an increase of 17.18% from the previous year[6] - The company's equity totaled CNY 644,275,522.38, up from CNY 553,021,650.25, marking an increase of about 16.5%[17] - The company's total equity decreased slightly from RMB 553,021,650.25 to RMB 552,508,844.49, a decline of about 0.1%[28] Cash Flow and Expenses - The cash flow from operating activities showed a net outflow of ¥408,962.30, primarily due to an increase in accounts receivable by ¥59.827 million and inventory by ¥51.6306 million[10] - Cash flow from operating activities showed a net outflow of ¥408,962.30, a significant decline from a net inflow of ¥91,866,008.96 in the previous year[22] - The net cash flow from investing activities was -RMB 74,417,525.51, compared to -RMB 56,810,988.07 in the previous year, indicating a decrease in investment cash flow[23] - The net cash flow from financing activities was RMB 61,614,055.65, a significant improvement from -RMB 72,290,006.10 in the same period last year[23] Research and Development - Research and development expenses totaled ¥9,777,494.53, accounting for 4.30% of operating revenue, a decrease of 0.96 percentage points year-on-year[6] - The company reported a decrease in the proportion of R&D expenses to operating revenue, which was 4.30%, down from 4.48% in the previous year[6] - Research and development expenses for the first three quarters were ¥29,887,226.77, up from ¥27,591,052.64, indicating a focus on innovation[18] Inventory and Receivables - Accounts receivable increased to CNY 275,219,997.24 from CNY 215,392,910.57, reflecting a growth of approximately 27.8%[15] - Inventory rose to CNY 243,423,670.19, compared to CNY 191,793,065.68, indicating a growth of about 27%[16] - The company reported a total of RMB 191,793,065.68 in inventory, indicating stable inventory levels compared to previous periods[26] Other Financial Metrics - The weighted average return on equity was 6.62%, an increase of 0.26 percentage points from the previous year[6] - The company experienced a rise in sales expenses to ¥26,241,260.92, up from ¥21,027,940.03, indicating increased marketing efforts[18] - The company reported a decrease in investment income to ¥1,665,345.62 from ¥2,387,162.67, a decline of 30.3% year-over-year[18] - Other comprehensive income after tax showed a loss of ¥12,901,437.40, compared to a loss of ¥1,569,981.93 in the previous year, highlighting challenges in this area[20] Capital Expenditures - The cash outflow for fixed assets, intangible assets, and other long-term assets was RMB 75,203,939.18, compared to RMB 15,273,592.20 in the previous year, showing a significant increase in capital expenditures[23] - The company executed a new leasing standard starting January 1, 2021, impacting the financial statements with adjustments in right-of-use assets and lease liabilities[28]

Financial Performance - The company's operating revenue for Q3 2021 was ¥227,396,899.29, representing a year-on-year increase of 25.91%[5] - The net profit attributable to shareholders for Q3 2021 was ¥35,001,226.31, reflecting a year-on-year growth of 32.85%[5] - The basic earnings per share for Q3 2021 was ¥0.5029, an increase of 32.85% compared to the same period last year[6] - The company's net profit for the year-to-date period reached ¥101,565,701.75, up 25.27% year-on-year[5] - Total operating revenue for the first three quarters of 2021 reached ¥667,292,810.09, a 26.4% increase from ¥527,968,002.38 in the same period of 2020[18] - Net profit for the first three quarters of 2021 was ¥111,997,962.88, representing a 26.0% increase compared to ¥88,874,678.44 in the previous year[19] - The company reported a total profit of ¥138,453,811.08 for the first three quarters, an increase of 26.1% from ¥109,736,977.50 in the previous year[19] Assets and Liabilities - The total assets at the end of Q3 2021 amounted to ¥1,213,394,349.86, showing a growth of 22.95% from the end of the previous year[6] - Total assets reached ¥1,213,394,349.86, compared to ¥986,893,812.38 at the end of 2020, marking a growth of approximately 23%[16] - Total current assets amounted to ¥812,697,859.96, an increase from ¥687,943,783.26 at the end of 2020, reflecting a growth of approximately 18.1%[15] - Total liabilities increased to ¥812,697,859.96, up from ¥687,943,783.26, indicating a growth of approximately 18.1%[16] - Total liabilities increased to ¥569,118,827.48, up from ¥433,872,162.13, indicating a growth of 31.1%[17] - Total equity attributable to shareholders at the end of Q3 2021 was ¥603,102,170.32, an increase of 17.18% from the end of the previous year[6] - Total equity rose to ¥644,275,522.38, compared to ¥553,021,650.25, marking an increase of 16.5%[17] Cash Flow - The cash flow from operating activities for the year-to-date period was -¥408,962.30, indicating a decline of 100.45%[6] - Operating cash inflow for the first three quarters of 2021 was CNY 535,780,306.17, an increase of 19.4% compared to CNY 448,492,293.16 in the same period of 2020[22] - Net cash flow from operating activities turned negative at CNY -408,962.30, a significant decline from CNY 91,866,008.96 in the previous year[22] - Cash inflow from investment activities decreased to CNY 8,796,413.67, down 82.3% from CNY 49,565,184.80 in 2020[22] - Cash outflow for investment activities was CNY 83,213,939.18, a decrease of 21.7% compared to CNY 106,376,172.87 in the same period last year[24] - Net cash flow from financing activities improved to CNY 61,614,055.65, compared to a negative CNY -72,290,006.10 in 2020[24] Research and Development - Research and development expenses totaled ¥9,777,494.53 in Q3 2021, accounting for 4.30% of operating revenue[6] - Research and development expenses for the first three quarters were ¥29,887,226.77, up from ¥27,591,052.64, indicating a growth of 8.3%[18] Inventory and Receivables - Accounts receivable increased by ¥59,827,100, representing a growth of 27.78% compared to the beginning of the year[10] - Accounts receivable increased to ¥275,219,997.24 from ¥215,392,910.57, showing a growth of approximately 27.8%[15] - Inventory rose to ¥243,423,670.19, up from ¥191,793,065.68, indicating an increase of around 27%[15] Other Financial Metrics - The weighted average return on equity for Q3 2021 was 6.62%, an increase of 0.26 percentage points year-on-year[6] - The company reported a significant increase in accounts payable, which rose to ¥114,440,304.28 from ¥97,333,420.21, representing a growth of about 17.6%[16] - The company’s goodwill decreased to ¥49,511,976.83 from ¥53,327,377.80, reflecting a decline of approximately 7.5%[16] Future Outlook - The company plans to continue expanding its market presence and investing in new product development to sustain growth in the upcoming quarters[20] - The company has not reported any new product developments or market expansion strategies during this period[14]