Financial Performance - The company reported a total revenue of RMB 200 million for the first half of 2021, representing a year-on-year increase of 15%[13]. - The company's operating revenue for the first half of the year reached ¥158.63 million, a year-on-year increase of 37.68% compared to ¥115.22 million in the same period last year[20]. - Net profit attributable to shareholders was ¥31.80 million, reflecting a 60.23% increase from ¥19.85 million in the previous year[20]. - The net profit after deducting non-recurring gains and losses was ¥29.37 million, up 72.35% from ¥17.04 million year-on-year[20]. - The net cash flow from operating activities increased by 37.96% to ¥50.15 million, compared to ¥36.35 million in the same period last year[20]. - Basic earnings per share rose to ¥0.21, a 40.00% increase from ¥0.15 in the same period last year[21]. - The company reported a total revenue of 8,150 million RMB for the first half of 2021, with a net profit of 4,325.20 million RMB, reflecting a significant performance in the market[60]. - The net profit for the first half of 2021 reached CNY 31,799,357.82, compared to CNY 19,508,986.49 in the previous year, indicating a year-over-year increase of about 62.8%[170]. - The total profit for the first half of 2021 was CNY 35,708,466.44, compared to CNY 21,828,435.86 in the previous year, marking an increase of approximately 63.7%[170]. Research and Development - The company has allocated RMB 50 million for R&D in advanced materials, focusing on enhancing product performance and sustainability[13]. - The research and development expenditure accounted for 7.79% of operating revenue, a decrease of 0.51 percentage points from the previous year[22]. - The total R&D investment amounted to ¥12,356,901.67, representing a 29.15% increase compared to ¥9,568,129.20 in the previous period[57]. - The number of R&D personnel increased to 54, representing 17.09% of the total workforce, with total R&D compensation rising to 625.64 million RMB, up from 497.44 million RMB in the previous period[62]. - The R&D cycle for new products typically takes over 2 years, involving hundreds of formula trials[51]. - The company has accumulated extensive laboratory research data, which aids in shortening the new product development cycle[51]. - The company has developed multiple high-performance PI film formulations, becoming one of the suppliers with the richest product variety in the market[51]. Product Development and Market Position - New product development includes the launch of a next-generation PI film, expected to increase production capacity by 30%[13]. - The company specializes in high-performance PI films, with products widely used in strategic emerging industries such as flexible circuit boards and 5G communications[28]. - The company has developed electronic PI films for both electronic substrates and electronic printing, with key applications in consumer electronics, 5G communication, and automotive electronics[32]. - The company is positioned as the largest domestic manufacturer of high-performance PI films, with a comprehensive range of products that have gained recognition from global companies[40]. - The market demand for high-performance PI films is increasing, with a pressing need for domestic production capabilities in high-end applications[38]. - The company is actively pursuing new product development in high-performance PI films, including ultra-high modulus PI films and low dielectric PI composite films for 5G communication, aligning with industry trends[71]. Financial Position and Assets - Total assets increased by 32.57% to ¥1.54 billion, compared to ¥1.16 billion at the end of the previous year[20]. - The company's net assets attributable to shareholders grew by 41.17% to ¥857.71 million, up from ¥607.60 million at the end of the previous year[20]. - The company's cash and cash equivalents at the end of the period were ¥271,051,779.71, a significant increase of 347.86% from ¥60,521,512.37 at the end of the previous year[88]. - The company's total liabilities as of June 30, 2021, were CNY 681,172,597.20, compared to CNY 553,194,642.94 at the end of 2020, indicating an increase of about 23.2%[160]. - The company's total equity attributable to shareholders rose to CNY 857,714,274.70 from CNY 607,595,860.27, representing an increase of approximately 41.1%[160]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share in the region by 2023[13]. - Future guidance indicates a projected revenue growth of 20% for the second half of 2021, driven by increased demand in the electronics sector[13]. - The company has no plans for mergers or acquisitions in the near term, focusing instead on organic growth strategies[13]. - The company emphasizes a customer-centric approach and market expansion to enhance its core competitiveness[74]. Environmental and Compliance Practices - The company strictly adheres to environmental protection regulations, with no production wastewater discharge and effective waste management practices[103]. - The company has established a greenhouse gas management team and successfully achieved a carbon quota surplus of 1,336 tons for the year 2020[105]. - The company has committed to not transferring or delegating shares for 36 months post-IPO, ensuring stability in shareholding[108]. - The company has maintained compliance with environmental laws and regulations, ensuring responsible production practices[103]. Risks and Challenges - Risk factors include potential supply chain disruptions and fluctuations in raw material prices, which the company is actively monitoring[5]. - The company faces risks related to changes in product structure due to the expansion of new products like CPI films[78]. - The company's main raw materials, PMDA and ODA, are subject to price fluctuations, which could impact gross margins by 1-3 percentage points if prices rise by 10%[83].