Financial Performance - The company's revenue for Q3 2021 reached ¥263,280,477.48, representing a 40.68% increase compared to the same period last year[2] - Net profit attributable to shareholders was ¥65,921,340.31, a significant increase of 121.69% year-over-year[2] - The net profit after deducting non-recurring gains and losses was ¥56,861,002.21, up 92.87% from the previous year[2] - Basic earnings per share (EPS) was ¥0.66, reflecting a 65.00% increase year-over-year[2] - Total operating revenue for the first three quarters of 2021 reached ¥758,828,754.58, a significant increase of 53.2% compared to ¥495,380,462.31 in the same period of 2020[16] - Net profit for the first three quarters of 2021 was ¥170,094,774.54, compared to ¥77,663,661.05 in the previous year, representing a growth of 118.5%[17] - The total comprehensive income for the third quarter of 2021 was CNY 170,094,774.54, compared to CNY 77,663,661.05 in the same period of 2020, representing an increase of 118.5%[18] - Basic and diluted earnings per share for the third quarter of 2021 were CNY 1.70, up from CNY 1.04 in the same quarter of 2020, reflecting a growth of 63.5%[18] Assets and Liabilities - The company's total assets increased by 14.36% to ¥1,854,606,391.12 compared to the end of the previous year[3] - The total assets of the company as of the end of Q3 2021 were ¥1,854,606,391.12, an increase from ¥1,621,708,390.81 at the end of Q3 2020, marking a growth of 14.4%[14] - Current assets totaled ¥1,207,458,948.04, up from ¥1,133,221,001.63, indicating an increase of 6.5% year-over-year[13] - Non-current assets increased to ¥647,147,443.08 from ¥488,487,389.18, reflecting a growth of 32.5%[13] - Total liabilities rose to ¥408,940,931.85, compared to ¥314,442,430.39, which is an increase of 30.1%[14] - The company's equity attributable to shareholders reached ¥1,445,665,459.27, up from ¥1,307,265,960.42, indicating a growth of 10.6%[14] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥67,561,112.89, showing a slight decrease of 3.14%[2] - Cash inflows from operating activities for the first three quarters of 2021 amounted to CNY 422,188,620.01, compared to CNY 288,286,041.23 in the same period of 2020, indicating a rise of 46.4%[21] - The net cash flow from operating activities for the first three quarters of 2021 was CNY 67,561,112.89, slightly down from CNY 69,750,871.27 in the previous year, a decrease of 3.1%[21] - Cash outflows from investment activities totaled CNY 579,155,636.35 in the first three quarters of 2021, significantly higher than CNY 57,490,374.79 in the same period of 2020, marking an increase of 906.5%[21] - The net cash flow from investment activities was negative CNY 446,129,645.14 for the first three quarters of 2021, compared to negative CNY 45,808,648.71 in the same period of 2020[21] - Cash and cash equivalents at the end of the third quarter of 2021 were CNY 218,999,726.25, a decrease from CNY 134,132,492.13 at the end of the same period in 2020[22] - The company received CNY 130,000,000.00 from investment recoveries in the first three quarters of 2021, a significant increase from CNY 10,000,000.00 in the same period of 2020[21] - The company reported cash inflows from financing activities of CNY 60,000,000.00 in the first three quarters of 2021, compared to CNY 10,000,000.00 in the same period of 2020, reflecting a growth of 500%[22] - The net cash flow from financing activities was negative CNY 48,405,661.68 for the first three quarters of 2021, slightly worse than negative CNY 48,257,923.34 in the same period of 2020[22] Research and Development - Research and development (R&D) expenses totaled ¥11,888,967.23, a 38.93% increase from the same period last year[3] - Research and development expenses for the first three quarters were ¥33,704,959.26, compared to ¥23,824,397.70 in the previous year, showing a year-over-year increase of 41.5%[16] - The R&D expenditure as a percentage of revenue decreased by 4.52 percentage points to 4.44%[3] Shareholder Information - Total number of common shareholders at the end of the reporting period is 3,757[8] - The largest shareholder, Yuan Meihe, holds 18,060,000 shares, representing 18.06% of total shares[8] - The top ten shareholders collectively hold a significant portion of the company's shares, indicating concentrated ownership[9] - The company has no preferred shares with voting rights restored[8] - The company has not reported any financing or margin trading activities among its top shareholders[10] Operational Insights - The company reported a significant increase in cash flow from operating activities, contributing to improved liquidity and financial stability[15] - There are no significant changes in the company's operational strategies or new product developments mentioned in the reports[11] - Total operating costs amounted to ¥578,530,476.27, up from ¥401,930,796.75, reflecting a year-over-year increase of 43.9%[16]

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the first half of 2021, representing a year-on-year increase of 15%[1]. - The company's operating revenue for the first half of 2021 reached ¥495,548,277.10, representing a 60.77% increase compared to ¥308,229,425.89 in the same period last year[23]. - Net profit attributable to shareholders was ¥104,173,434.23, a significant increase of 117.35% from ¥47,928,270.97 in the previous year[23]. - Basic earnings per share rose to ¥1.04, up 62.50% from ¥0.64 in the same period last year[23]. - The total profit for the first half of 2021 was CNY 121,519,444.70, compared to CNY 54,786,885.04 in the first half of 2020, marking an increase of 121.0%[184]. - The company reported a net profit of ¥109,359,032.90 for the first half of 2021, compared to ¥57,779,556.46 in the same period of 2020, reflecting an increase of 89.5%[180]. Market Expansion and Strategy - The company plans to launch two new product lines in Q3 2021, aiming to capture an additional 10% market share in the precision tooling sector[1]. - The company is expanding its market presence in Southeast Asia, with plans to establish a new distribution center in Thailand by the end of 2021[1]. - The company has established a wholly-owned subsidiary, Zhuzhou Oke Yi Cutting Tools Co., Ltd., with a registered capital of ¥100 million to develop a CNC tool industrial park[90]. - The company expanded its market presence across over 30 countries in Europe, America, and Asia, enhancing its influence in the overseas market for CNC cutting tools[72]. Research and Development - Research and development expenses increased by 30% to 150 million RMB, focusing on advanced cutting tool technologies[1]. - The company achieved a total R&D investment of ¥21,815,992.03, representing a 42.90% increase compared to the previous period's ¥15,267,072.29[50]. - The total number of authorized patents reached 85, including 12 invention patents, 49 utility model patents, and 24 design patents[49]. - The company is focusing on advanced materials technology research, including metal ceramics and superhard materials, to expand its product line[48]. Product Development and Innovation - The company has developed industrial-grade saw blades for cutting engineered wood, addressing technical challenges in the production of ultra-fine, nano-grade hard alloys[32]. - The company has developed a series of CNC blades for P (steel) and M (stainless steel) machining, recognized for their durability and cutting performance[42]. - The company is focusing on enhancing cutting efficiency and high-temperature performance in its CNC blades to meet increasing demands[44]. - New product development has accelerated, including the introduction of new grades for milling tools and the OC series for heavy-duty cutting applications[69]. Financial Management and Investments - The company has temporarily supplemented working capital with idle raised funds without affecting the implementation of investment projects[147]. - The total amount of raised funds is RMB 599,750,000, with RMB 82,418,210.50 invested in the current year, representing 10.52% of the total commitment for the high-end CNC blade manufacturing base project[146]. - The company has not changed the use of raised funds, with no funds being redirected[146]. - The company’s financial management strategy includes investing in high-safety, liquid financial products[147]. Risk Management - The company has identified potential risks related to supply chain disruptions and is implementing measures to mitigate these risks[1]. - The company is facing risks related to core competitiveness, particularly from domestic and international competition in the CNC tool manufacturing sector[74]. - The company emphasizes the importance of retaining R&D personnel to prevent potential technology leaks that could adversely affect future operations[76]. Environmental Responsibility - The company has implemented effective environmental protection measures, ensuring compliance with pollution discharge standards[105]. - The company has received multiple environmental impact assessments and permits for new projects, including a high-end cutting tool manufacturing base with an annual capacity of 4 million pieces[107]. - The company has established emergency response plans for environmental incidents, which have been filed with local environmental authorities[108]. Shareholder Commitments and Governance - The company has implemented a stock lock-up arrangement for its major shareholders, restricting share transfers for 36 months post-IPO[114]. - The company commits to comply with all relevant laws and regulations regarding shareholding and share reduction[119]. - The company has established a clear framework for managing share transfers and reductions to maintain market stability and investor confidence[124]. - The company will compensate investors for any losses incurred due to non-fulfillment of commitments, with compensation amounts determined by regulatory authorities or through negotiation[135].

Financial Performance - Operating revenue rose by 80.24% to CNY 225,014,603.24 year-on-year[5] - Net profit attributable to shareholders increased by 177.64% to CNY 46,125,575.46 compared to the same period last year[5] - Basic earnings per share increased by 109.09% to CNY 0.46 per share[5] - Operating profit for Q1 2021 was ¥53,591,028.01, up 182.2% from ¥18,928,182.23 in Q1 2020[21] - Net profit for Q1 2021 was ¥46,125,575.46, representing a 177.5% increase from ¥16,613,444.26 in Q1 2020[23] - Total operating revenue for Q1 2021 reached ¥225,014,603.24, a significant increase of 80.0% compared to ¥124,843,200.22 in Q1 2020[21] Cash Flow - The net cash flow from operating activities decreased by 129.00% to -CNY 37,114,160.96 compared to the previous year[5] - The net cash flow from operating activities was negative at -¥37,114,160.96, a 129.00% increase in cash outflow compared to -¥16,207,269.22 in the same period last year, primarily due to increased cash payments for raw material purchases[13] - The net cash flow from operating activities was -$41.99 million in Q1 2021, worsening from -$10.41 million in Q1 2020[30] Assets and Liabilities - Total assets increased by 3.27% to CNY 1,674,795,413.98 compared to the end of the previous year[5] - Total liabilities amounted to CNY 320,888,848.67, up from CNY 314,442,430.39, which is an increase of about 2.0%[17] - Current assets totaled CNY 1,155,683,622.50, slightly up from CNY 1,133,221,001.63, indicating a growth of about 2.0%[15] - Total liabilities as of the end of Q1 2021 amounted to ¥300,956,653.31, an increase from ¥263,071,096.49 at the end of Q1 2020[21] Shareholder Information - The total number of shareholders reached 4,399 at the end of the reporting period[10] - The top shareholder, Yuan Meihe, holds 18,060,000 shares, accounting for 18.06% of the total shares[10] Research and Development - R&D investment as a percentage of operating income decreased by 1.01 percentage points to 3.86%[5] - Research and development expenses rose by 42.98% to ¥8,686,980.42, indicating a focus on enhancing R&D projects[13] - Research and development expenses for Q1 2021 were ¥8,686,980.42, up 43.2% from ¥6,075,713.00 in Q1 2020[21] Other Income and Expenses - Non-recurring gains and losses totaled CNY 7,387,985.85 for the reporting period[8] - The company reported a significant increase in other income, which rose to ¥5,498,681.45, a 1,140.35% increase from ¥443,316.65, mainly due to increased government subsidies received[13] - The company incurred a financial expense of RMB -1,360,547.36, compared to a financial expense of RMB 598,145.92 in Q1 2020[25] Inventory and Receivables - Accounts receivable increased by 50.04% to ¥183,363,975.51 from ¥122,208,223.01, attributed to expanded sales scale and increased revenue[12] - Inventory increased to CNY 216,493,680.03 from CNY 181,352,115.90, reflecting a growth of approximately 19.4%[15] - The company reported a significant increase in other receivables, rising to CNY 670,028.38 from CNY 383,598.28, a growth of approximately 74.8%[15]

Financial Performance - The company's operating revenue for 2020 was CNY 702,209,076.78, representing a 16.45% increase compared to CNY 602,987,666.10 in 2019[24]. - The net profit attributable to shareholders for 2020 was CNY 107,448,625.38, which is a 21.50% increase from CNY 88,437,756.04 in 2019[24]. - The net cash flow from operating activities decreased by 15.71% to CNY 125,646,440.49 in 2020, down from CNY 149,062,879.21 in 2019[24]. - The total assets of the company increased by 60.97% to CNY 1,621,708,390.81 at the end of 2020, compared to CNY 1,007,440,243.76 at the end of 2019[24]. - The net assets attributable to shareholders rose by 92.76% to CNY 1,307,265,960.42 at the end of 2020, up from CNY 678,170,076.01 at the end of 2019[24]. - The basic earnings per share for 2020 was CNY 1.43, reflecting a 21.19% increase from CNY 1.18 in 2019[25]. - The weighted average return on equity for 2020 was 14.83%, an increase of 0.95 percentage points from 13.88% in 2019[25]. - The company reported a total profit of 4,455,423.94 RMB for the year, an increase from 3,164,316.93 RMB in the previous year, representing a growth of approximately 41%[32]. - The company reported a total revenue of approximately 38.48 million RMB, with a net profit of around 25.52 million RMB for the year 2020[67]. Dividend Policy - The company plans to distribute a cash dividend of RMB 3.3 per 10 shares, totaling approximately RMB 33 million, which represents 30.71% of the net profit attributable to shareholders for 2020[7]. - The company does not plan to issue bonus shares or convert capital reserves into share capital[7]. - The total share capital as of March 24, 2021, is 100 million shares, which will be used as the basis for dividend distribution[7]. - The company has established a cash dividend policy, committing to distribute at least 10% of its distributable profits in cash annually, subject to certain conditions[132]. - The cash dividends distributed in 2020 amounted to RMB 33,000,000, while in 2019, it was RMB 12,750,000, and in 2018, it was RMB 9,000,000[138]. - The decision-making process for profit distribution involves the board of directors and requires approval from more than half of the independent directors[135]. Corporate Governance - The company has received a standard unqualified audit report from Zhongtian Accounting Firm[6]. - The board of directors has confirmed that all members attended the board meeting, ensuring the integrity of the annual report[6]. - The company has confirmed that there are no violations in decision-making procedures for external guarantees[9]. - The company has not disclosed any special arrangements for corporate governance[9]. - The independent directors have reviewed and approved the profit distribution proposal, ensuring transparency and compliance with regulations[137]. - The company has established a governance structure to protect shareholder and creditor rights, ensuring accurate and complete information disclosure[177]. Research and Development - The total R&D investment for the year was approximately ¥33.12 million, representing a 7.88% increase from the previous year, while the proportion of R&D investment to operating income decreased from 5.09% to 4.72%[59]. - The company holds a total of 84 authorized patents, including 11 invention patents and 49 utility model patents, reflecting its commitment to innovation[57]. - The company is developing a high-performance wood processing tool, targeting the growing demand for customized furniture, with a market potential for high-end woodworking tools[14]. - The company has established partnerships with universities to enhance its R&D capabilities, focusing on cutting-edge technology and product development strategies[73]. - The company is working on a set of coating performance characterization research to improve the evaluation of coating materials and their performance during service[16]. - The company aims to strengthen marketing channels by maintaining existing customer relationships and expanding sales networks for CNC tools, enhancing overall service capabilities[122]. Market Position and Strategy - The company plans to continue expanding its market presence and investing in new technologies to enhance its product offerings[26]. - The company has established stable partnerships with major raw material suppliers to ensure the quality of its products[43]. - The company has a strong market position in the domestic saw blade production, being the largest manufacturer in this sector[50]. - The company aims to expand its market share by improving its product structure in the woodworking sector, responding to the increasing demand for high-end tools[14]. - The company will focus on internal talent development and external recruitment to build a skilled workforce capable of driving innovation and operational excellence[126]. - The company will implement strict quality management and cost control measures to ensure product quality and operational efficiency[128]. Financial Management - The company’s financing activities resulted in a net cash inflow of 450,665,086.57 CNY, a significant increase of 828.58% compared to the previous year[92]. - The company’s investment activities generated a net cash outflow of 86,641,544.71 CNY, which is a 5.38% increase in outflow compared to the previous year[92]. - The company has approved the use of up to RMB 350 million of temporarily idle raised funds for cash management, ensuring high safety and liquidity in investments[175]. - The company has maintained a clear and compliant dividend distribution policy, ensuring the protection of minority shareholders' rights[137]. - The company has committed to maintaining a balance between short-term interests and long-term development in its profit distribution strategy[135]. Compliance and Legal Matters - The company has committed to repurchase all newly issued shares within five working days if it is confirmed that it does not meet the listing conditions due to deceptive means[156]. - The company guarantees that the public offering of shares on the Shanghai Stock Exchange's Sci-Tech Innovation Board does not involve any fraudulent issuance[156]. - The company has undertaken legal responsibilities for any losses incurred by investors due to false statements or omissions in its IPO documents[157]. - The company will publicly disclose any non-compliance in designated publications[162]. - The company will take necessary measures to ensure that all obligations are met to protect shareholder interests[163]. Operational Highlights - The company has developed a comprehensive quality assurance system covering the entire product lifecycle, maintaining industry-leading stability and precision[76]. - The company focuses on continuous R&D innovation, particularly in advanced materials like metal ceramics and superhard materials[81]. - The company has a rich product series with thousands of specifications, making it the largest manufacturer of saw blades in China[75]. - The company has successfully optimized the geometric structure of blades to enhance their lifespan and stability, meeting user requirements for surface finish quality[55]. - The company has a comprehensive technical team with expertise across multiple disciplines, ensuring a strong foundation for ongoing innovation in tool manufacturing[73].