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]