Financial Performance - The company's operating revenue for 2021 was ¥507,284,444.23, representing a 39.61% increase compared to ¥363,362,110.12 in 2020[20]. - The net profit attributable to shareholders for 2021 was ¥100,218,219.73, a 32.41% increase from ¥75,687,972.25 in 2020[20]. - The net profit after deducting non-recurring gains and losses was ¥81,967,115.79, which is a 14.10% increase compared to ¥71,836,151.39 in 2020[20]. - The total assets at the end of 2021 were ¥951,970,864.65, a 75.08% increase from ¥543,729,270.15 at the end of 2020[20]. - The net assets attributable to shareholders increased by 108.44% to ¥722,927,228.21 from ¥346,832,845.06 at the end of 2020[20]. - The company's annual revenue reached 50,728.44 million CNY, a 39.5% increase from 36,336.21 million CNY in the previous year, with a comprehensive gross margin of 44.78%, down from 47.97%[33]. - The company achieved a total revenue of 1,200 million, with a net profit of 702.18 million, indicating a strong performance in the fiscal year[103]. - The company reported a significant increase in revenue, achieving a total of $1.2 billion for the fiscal year, representing a 15% year-over-year growth[195]. Cash Flow and Investments - The net cash flow from operating activities decreased by 91.51% to ¥4,452,392.72 from ¥52,424,179.03 in 2020[20]. - The company's financing activities generated a net cash flow of CNY 255.25 million, a substantial increase of 1,351.17% due to funds raised from the initial public offering[135]. - Cash and cash equivalents at the end of the period increased by 101.56% to ¥461,903,151.75, attributed to funds received from the IPO[156]. - Investment cash flow decreased slightly by 0.26% year-on-year to ¥680,214,772.35, with net cash flow from investment activities dropping by 297.46% to -¥25,208,919.61[154]. Research and Development - The company's R&D investment as a percentage of operating revenue increased to 12.48%, up from 10.71% in the previous year[21]. - R&D expenses totaled 63.32 million CNY, an increase of 62.66% compared to the previous year, reflecting the company's commitment to enhancing its R&D capabilities[33]. - The company has developed core technologies for water supply network leakage control, including machine learning-based algorithms for anomaly detection and rapid localization[115]. - The company has developed a comprehensive leakage control management system and early warning platform, integrating water volume, pressure monitoring, and case analysis[92]. Market Expansion and Strategy - The company is focused on expanding its market presence and enhancing its product offerings through new technologies and innovations[15]. - The company aims to reduce the national urban public water supply network leakage rate to below 9% by 2025, as per the guidelines from the Ministry of Housing and Urban-Rural Development[65]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by the end of the next fiscal year[195]. - The sales strategy will leverage a dual approach of direct sales and channel partnerships to rapidly expand market presence, particularly in cities with pilot projects for public water supply leak control[177]. Corporate Governance - The board of directors has confirmed that all members attended the board meeting, ensuring governance compliance[5]. - The company has not indicated any special arrangements for corporate governance[8]. - The supervisory board, comprising 3 members, effectively monitors the company's financial practices and compliance with legal standards[185]. - The company emphasizes investor relations through various communication channels to enhance engagement and transparency[189]. Risk Management - The company has disclosed potential risks in the report, advising investors to be cautious regarding future plans and strategies[7]. - The company is monitoring macroeconomic conditions and the impact of COVID-19 on operations, which could affect project execution and overall performance[131]. - The company plans to strengthen internal control management to improve risk prevention capabilities, ensuring compliance with legal and regulatory requirements[178]. Technology and Innovation - The company is focusing on digital transformation in the water industry, aligning with national goals for leakage control and energy conservation, and is developing IoT products and SaaS platforms[36]. - The company has developed a water IoT platform that enables reliable, high-concurrency data communication between devices, supporting massive data parsing, calculation, and storage[41]. - The company has successfully developed a smart water management system that integrates IoT technology for real-time monitoring and management of water supply systems, significantly improving operational efficiency[107]. Employee and Talent Management - The company has increased its workforce to 764 employees, with 558 in R&D and technical roles, representing 73.04% of total staff, emphasizing its focus on talent acquisition[34]. - The average salary of R&D personnel increased to 19.3 million RMB, up from 16.29 million RMB in the previous year, indicating a commitment to attracting and retaining talent[112]. - The number of R&D personnel increased to 291, representing 38.09% of the total workforce, up from 31.76% in the previous year[112]. Awards and Recognition - The company received several awards, including the first prize in the 2021 Huaxia Construction Science and Technology Award for its project on systematic control of water supply network leakage[35]. - The company has been recognized as a key software enterprise by multiple national and provincial authorities, reflecting its strong industry position and competitive edge[84]. Shareholder Information - The total number of shares held by the chairman and general manager, Guo Jun, remained unchanged at 38,252,091 shares, with a pre-tax compensation of 1,263,500 CNY[191]. - The total number of shares held by the company’s directors and supervisors at the end of the reporting period was 39,478,466 shares, with a total pre-tax compensation of 9,586,500 CNY[192]. - The company has maintained a stable shareholding structure with no significant changes in the number of shares held by key personnel during the reporting period[191].

Financial Performance - The company's operating revenue for Q3 2021 was CNY 107,535,012.86, representing a year-on-year increase of 13.08%[5] - The net profit attributable to shareholders for the same period was CNY 24,633,859.84, a significant increase of 124.95% year-on-year[5] - The net profit excluding non-recurring gains and losses was CNY 12,959,564.55, up by 26.11% compared to the previous year[5] - Basic earnings per share for the period were CNY 0.27, reflecting a 92.86% increase year-on-year[6] - Total operating revenue for the first three quarters of 2021 reached ¥278,752,882.51, a significant increase of 43.5% compared to ¥194,273,754.98 in the same period of 2020[19] - Operating profit for the third quarter was ¥49,210,667.88, up from ¥23,314,859.67, reflecting a growth of 111.5% year-over-year[20] - Net profit attributable to shareholders of the parent company for the first three quarters was ¥46,299,448.75, compared to ¥21,741,990.41 in the previous year, marking an increase of 112.5%[20] - Basic earnings per share for Q3 2021 increased to CNY 0.54 from CNY 0.27 in Q3 2020, representing a 100% growth[21] Assets and Liabilities - Total assets increased to CNY 863,281,936.90, marking a growth of 58.77% compared to the end of the previous year[6] - Total assets as of September 30, 2021, amounted to ¥863,281,936.90, an increase from ¥543,729,270.15 in the previous year[15] - Current assets reached ¥777,162,850.82, up from ¥485,818,543.81 year-over-year[16] - Total liabilities decreased slightly to ¥186,091,552.45 from ¥188,695,779.04 year-over-year[18] - Total liabilities as of Q3 2021 were CNY 179,491,703.22, remaining stable compared to the previous year[25] - Total liabilities amounted to ¥188,695,779.04, a decrease of ¥8,096,830.98 from the previous period[26] Cash Flow - The company reported a cash flow from operating activities of -CNY 61,044,282.25, a decrease of 7.86% compared to the previous year[6] - Total cash inflow from operating activities for the first three quarters of 2021 was CNY 275,341,842.36, up from CNY 182,692,369.48 in the same period of 2020, marking a 50.6% increase[21] - Net cash flow from operating activities for the first three quarters of 2021 was negative CNY 61,044,282.25, compared to negative CNY 56,595,520.36 in the same period of 2020[21] - The company reported a cash outflow from investment activities of CNY 21,186,555.11 in Q3 2021, down from CNY 484,788,596.56 in Q3 2020[22] - The company received CNY 275,376,263.42 from investment activities in Q3 2021, a significant increase from CNY 1,726,200.00 in Q3 2020[22] Research and Development - Research and development expenses totaled CNY 17,844,917.38, which is 56.66% higher than the same period last year[6] - Research and development expenses for the first three quarters amounted to ¥43,483,680.38, which is a 57.5% increase from ¥27,599,086.57 in the same period last year[19] Shareholder Information - The company reported a total of 3,594 common shareholders at the end of the reporting period[12] - The largest shareholder, Guo Jun, holds 35.62% of the shares, totaling 38,252,091 shares[12] - Total equity attributable to shareholders was ¥346,832,845.06, remaining unchanged from the previous period[26] Future Plans and Strategies - The company plans to continue expanding its product line and enhancing brand influence to meet increasing market demand for water information technology[9] - The company is exploring market expansion strategies, with a focus on increasing its presence in key regions[14] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[20]

Financial Performance - The company reported a significant increase in revenue for the first half of 2021, with total revenue reaching 500 million RMB, representing a 25% year-over-year growth[1]. - The company's operating revenue for the first half of 2021 was ¥171,217,869.65, representing a 72.64% increase compared to ¥99,174,734.15 in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2021 was ¥21,665,588.91, a 100.77% increase from ¥10,790,981.92 in the previous year[17]. - The company reported a total revenue of 1.5 billion yuan for the first half of 2021, representing a year-over-year increase of 20%[145]. - The company achieved a revenue of 171.22 million yuan in the first half of 2021, representing a growth of 72.64% year-on-year[103]. - The net profit attributable to shareholders reached 21.67 million yuan, an increase of 100.77% compared to the same period last year[103]. - The total assets of the company reached 567.49 million yuan, a growth of 4.37% from the beginning of the period[103]. - The company reported a significant increase in revenue, achieving a total of $500 million for the quarter, representing a 25% year-over-year growth[157]. User Growth - User data indicates a growing customer base, with active users increasing by 15% compared to the previous year, now totaling 1.2 million users[1]. - User data showed a growth of 12 million active users, bringing the total to 150 million[141]. - User data showed an increase in active users by 15% compared to the previous year, reaching 3 million active users[146]. - User data showed a growth in active users, reaching 10 million, which is a 15% increase compared to the previous quarter[158]. Future Outlook - The company has provided a positive outlook for the second half of 2021, projecting a revenue growth of 20% to 30% based on current market trends and demand[1]. - The company expects a revenue growth guidance of 15% for the next fiscal year[141]. - The company expects a revenue growth of 25% for the second half of 2021, driven by new product launches and market expansion strategies[147]. - The company provided guidance for the next quarter, projecting revenue between $520 million and $550 million, indicating a potential growth of 4% to 10%[159]. - The company provided an optimistic outlook for the next quarter, projecting revenue growth of 20% and aiming for $600 million in total revenue[170]. Product Development - New product development is underway, with two innovative products expected to launch by Q4 2021, aimed at enhancing operational efficiency in water management[1]. - New product launches are anticipated to contribute an additional $500 million in revenue[141]. - The company aims to launch three new products in Q4 2021, which are expected to contribute an additional 300 million yuan in revenue[148]. - New product launches included a state-of-the-art software platform, expected to generate an additional $50 million in revenue over the next year[160]. Market Expansion - The company plans to expand its market presence by entering three new provinces in China by the end of 2021, targeting a 10% increase in market share[1]. - Market expansion plans include entering three new international markets by Q3 2022[141]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2022[149]. - The company is expanding its market presence in Asia, targeting a 30% increase in market share by the end of the fiscal year[161]. Research and Development - The company is investing in research and development, allocating 10% of its revenue to enhance its technology infrastructure and product offerings[1]. - The research and development expenditure accounted for 14.97% of operating revenue, a decrease of 1.37 percentage points from the previous year[19]. - The company achieved a total R&D investment of ¥25,638,763, an increase of 58.18% compared to ¥16,208,177.62 in the previous period[77]. - Research and development expenses rose by 58.18% to 25.64 million yuan, reflecting the company's commitment to increasing R&D investment and personnel[114]. - The company is investing $200 million in R&D for new technologies in the upcoming year[141]. Strategic Acquisitions - Strategic acquisitions are being considered, with a focus on companies that complement the existing technology portfolio, potentially increasing overall capabilities by 15%[1]. - The company has completed two strategic acquisitions, enhancing its product portfolio and market reach[141]. - A strategic acquisition of a local tech firm is anticipated to enhance the company's product offerings and market reach[145]. - A strategic acquisition was announced, with the company acquiring a smaller tech firm for $100 million to enhance its product offerings[158]. Risk Management - Risk factors have been assessed, with no significant risks identified for the reporting period, ensuring stable operations moving forward[1]. - The company faced risks from rising labor costs and intensified competition from large IT firms in the water information services sector[110][111]. - The ongoing COVID-19 pandemic poses uncertainties that may delay project implementation and affect business operations[111]. Corporate Governance - The financial report has been confirmed as accurate and complete by the company's management team, ensuring transparency and accountability[1]. - The management team emphasized a commitment to sustainability initiatives, targeting a 20% reduction in carbon footprint by 2025[141]. - The management emphasized a strong commitment to corporate governance and transparency in financial reporting practices[161]. - The company has committed to maintaining compliance with corporate governance standards to protect shareholder interests[179]. Profit Distribution - The board of directors has approved a profit distribution plan, proposing a dividend payout of 0.5 RMB per share for shareholders[1]. - The company reported a profit distribution policy that allows for cash, stock, or a combination of both, prioritizing cash dividends when conditions are met[183]. - The minimum cash dividend distribution is set at no less than 10% of the distributable profit achieved in the current year, provided there are no major capital expenditure plans[183]. - The company aims for a cash dividend proportion of at least 80% during profit distributions when in a mature development stage without significant capital expenditure plans[183]. Technology and Innovation - The company has developed a water IoT platform capable of handling massive data connections and supporting various water industry protocols, enhancing data communication reliability[38]. - The company has established a national first leak control training base, training over 3,000 water industry workers through 96 sessions since its inception in 2016[35]. - The company has developed a leakage warning system that utilizes IoT communication and edge computing technologies to help clients detect leaks and reduce water loss[95]. - The company has established a water supply network leakage management system in collaboration with Shaoxing Water and Tsinghua University, recognized as internationally advanced in real-time leakage warning and positioning technology[96].