Financial Performance - The company achieved operating revenue of CNY 713.79 million in 2021, a year-on-year increase of 16.54%[20]. - The net profit attributable to shareholders was CNY 123.36 million, reflecting a growth of 4.82% compared to the previous year[22]. - The net profit after deducting non-recurring gains and losses was CNY 99.12 million, up 4.71% year-on-year[20]. - The company's total assets reached CNY 1,405.08 million, an increase of 79.31% from the previous year[22]. - The net assets attributable to shareholders grew by 136.49% to CNY 1,073.86 million[22]. - The basic earnings per share decreased by 12.50% to CNY 1.12[21]. - The company achieved a total revenue of 132,880,000 RMB, with a net profit of 71,691,975.28 RMB, indicating a strong financial performance[76]. - The company reported a revenue increase of 15% year-over-year, reaching $500 million in Q3 2023[148]. Dividend Policy - The company plans to distribute a cash dividend of 4 RMB per 10 shares, totaling 49,344,176.55 RMB, which accounts for 40% of the net profit attributable to shareholders for the year 2021[5]. - The profit distribution plan has been approved by the board and awaits shareholder approval[5]. - The company implements a cash dividend policy, distributing at least 15% of the available profit as cash dividends each year, provided certain conditions are met[174]. - The company’s cash dividend policy prioritizes cash distribution, with stock dividends being a secondary option[173]. - The company’s cash dividend policy is in compliance with its articles of association and has clear standards and procedures[177]. Research and Development - The R&D investment accounted for 4.50% of operating revenue, an increase of 0.16 percentage points from the previous year[21]. - The company achieved a 20.8% increase in R&D investment in 2021, totaling ¥32,098,390.03, driven by new project developments and increased personnel costs[68][69]. - The company has developed a smart core-making control system, achieving industry-leading levels in core-making efficiency and energy consumption[85]. - The company is investing $50 million in R&D for new technologies aimed at enhancing product efficiency[148]. - The company will increase R&D investment, focusing on high-performance casting materials and intelligent core-making equipment, with key projects including "intelligent quick core-making system technology" and "high-performance aluminum alloy lightweight technology"[133]. Operational Efficiency - The company implemented lean management practices to enhance operational efficiency and reduce unnecessary waste[32]. - The company is actively optimizing its talent structure by recruiting high-end talents and expanding the recruitment of fresh graduates to enhance its technical capabilities[37]. - The company is transitioning from production-oriented manufacturing to service-oriented manufacturing, offering value-added services such as synchronous engineering development and process improvement[42]. - The company achieved a 10% reduction in the use of materials due to advancements in micro-solidification technology, enhancing production efficiency[74]. - The company plans to enhance automation, intelligence, and green manufacturing levels through technology upgrades and the introduction of new equipment[133]. Market Position and Strategy - The company is focusing on upgrading production processes and equipment to meet energy-saving and environmental protection requirements[53]. - The company is expanding its market presence in renewable energy vehicles and aerospace sectors, leveraging advanced aluminum casting technologies[76]. - The company is exploring potential acquisitions to enhance its market position, with a budget of $100 million allocated for this purpose[148]. - The company has established a dedicated R&D center to oversee new product development and manage project research processes[45]. - The company has positioned itself in various casting fields, including heat exchangers for wall-mounted boilers and engine blocks for commercial vehicles[84]. Governance and Compliance - The company has established a governance structure with a board of directors, supervisory board, and management team to ensure effective decision-making and compliance with regulations[137]. - The company has not faced any major legal or regulatory challenges that could impact its operations or financial performance[137]. - The board of directors includes independent members, enhancing the governance framework and decision-making processes[144]. - The company has established specialized committees under the board, including the audit committee and the strategic committee[158]. - The company’s internal control system is in place and has been reported as effective, with no significant deficiencies noted during the reporting period[188]. Environmental Responsibility - The company has established a green manufacturing system, focusing on high efficiency, cleanliness, low carbon, and recycling[192]. - The company does not belong to the key pollutant discharge units as per environmental protection department announcements[193]. - The company has implemented strict waste management practices, ensuring hazardous waste is collected and disposed of by qualified units[199]. - The company’s wastewater treatment system recycles production wastewater, with no external discharge of production wastewater[199]. - The company is planning large-scale energy-saving projects, including a second phase of photovoltaic power generation and energy storage[192]. Risks and Challenges - The company faces risks related to raw material price fluctuations, which could impact product costs and profit margins[88]. - The company is exposed to financial risks from high inventory levels, which could affect cash flow and asset valuation[96]. - The company faces risks related to high customer concentration, with major clients significantly impacting operational performance[89]. - Future market dynamics may be influenced by the potential substitution of aluminum alloy heat exchangers with stainless steel alternatives, which could impact sales[90]. - The comprehensive gross margin decreased by 3.65% due to rising raw material and shipping costs[93].

Financial Performance - The company's operating revenue for Q1 2022 was ¥161,097,365.18, representing a slight increase of 0.05% compared to the same period last year[5]. - Net profit attributable to shareholders decreased by 48.34% to ¥15,123,300.20, primarily due to increased costs from raw materials and shipping[5][9]. - The net profit after deducting non-recurring gains and losses fell by 60.36% to ¥11,238,847.18[5]. - Total operating revenue for Q1 2022 was ¥161,097,365.18, a slight increase from ¥161,022,393.46 in Q1 2021, representing a growth of 0.05%[18]. - Net profit for Q1 2022 was ¥15,123,300.20, down 48.30% from ¥29,274,859.65 in Q1 2021[19]. - Operating profit decreased to ¥15,513,237.54 in Q1 2022 from ¥35,244,757.51 in Q1 2021, a decline of 56.01%[18]. - The company reported a total comprehensive income of ¥15,614,479.60 in Q1 2022, down from ¥29,983,604.29 in Q1 2021, a decrease of 47.83%[19]. - Basic and diluted earnings per share for Q1 2022 were both ¥0.12, down from ¥0.32 in Q1 2021, a decline of 62.50%[19]. Cash Flow - Cash flow from operating activities increased significantly by 313.28% to ¥9,289,805.01, attributed to improved collection of receivables[5][9]. - Cash flow from operating activities generated a net amount of ¥9,289,805.01 in Q1 2022, compared to a net outflow of ¥4,355,697.13 in Q1 2021[21]. - Cash flow from investing activities resulted in a net outflow of ¥19,218,842.30 in Q1 2022, worsening from a net outflow of ¥4,124,169.06 in Q1 2021[22]. - Cash flow from financing activities showed a net outflow of ¥772,888.07 in Q1 2022, compared to a larger net outflow of ¥17,520,841.22 in Q1 2021[22]. - The company's cash and cash equivalents decreased to CNY 152,538,806.18 from CNY 167,964,114.65, reflecting a decline of approximately 9.5%[13]. - The cash and cash equivalents at the end of Q1 2022 stood at ¥115,508,802.96, a decrease from ¥112,088,669.85 at the end of Q1 2021[22]. Research and Development - Total R&D investment reached ¥14,016,521.69, an increase of 82.73% year-on-year, reflecting the company's commitment to innovation[6][9]. - R&D expenses accounted for 8.70% of operating revenue, up by 3.94 percentage points compared to the previous year[6]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥1,418,245,887.80, a 0.94% increase from the end of the previous year[6]. - As of March 31, 2022, the total current assets amounted to CNY 1,173,289,037.41, a slight increase from CNY 1,163,842,851.24 at the end of 2021[14]. - The total liabilities decreased to CNY 327,509,138.26 from CNY 331,214,756.38, indicating a reduction of approximately 1.1%[15]. - The total assets increased to CNY 1,418,245,887.80 from CNY 1,405,076,090.74, showing a growth of about 0.9%[15]. - The company's retained earnings rose to CNY 270,775,222.65 from CNY 255,651,922.45, marking an increase of approximately 5.9%[15]. - The inventory increased to CNY 180,306,146.42 from CNY 163,339,663.49, reflecting a growth of about 10.4%[13]. - The total non-current assets amounted to CNY 244,956,850.39, a slight increase from CNY 241,233,239.50[14]. - The company's short-term borrowings decreased to CNY 35,423,500.00 from CNY 36,192,255.82, indicating a decline of about 2.1%[14]. - The total equity attributable to shareholders increased to CNY 1,090,736,749.54 from CNY 1,073,861,334.36, reflecting a growth of approximately 1.6%[15]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 4,020[11]. - The top shareholder, Wu Qinfang, holds 34.44% of the shares, totaling 42,386,358 shares[11]. Performance Metrics - The weighted average return on equity decreased to 1.40%, down by 4.84 percentage points year-on-year[6].

Financial Performance - The company's operating revenue for Q3 2021 was ¥157,469,336.91, a decrease of 4.99% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2021 was ¥17,468,064.80, down 35.50% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥9,733,273.65, a decline of 56.51% compared to the previous year[5] - The net profit attributable to shareholders for the year-to-date was ¥65,112,481.16, down 18.57% compared to the same period last year[5] - Net profit for the third quarter of 2021 was ¥65,112,481.16, a decrease of 18.7% compared to ¥79,956,669.21 in the same quarter of 2020[21] - Basic earnings per share for the third quarter of 2021 were ¥0.60, down from ¥0.87 in the same quarter of 2020, indicating a decline of approximately 30.8%[22] Assets and Liabilities - The total assets at the end of the reporting period reached ¥1,317,411,318.73, an increase of 68.13% from the end of the previous year[6] - The company's total assets reached ¥1,317,411,318.73, compared to ¥783,582,978.40 at the end of 2020[18] - The company's total liabilities decreased to ¥302,976,643.57 from ¥329,508,995.12, reflecting a reduction of approximately 8.0%[20] - Total liabilities amounted to approximately $329.51 million, with current liabilities at $304.09 million and non-current liabilities at $25.42 million[30] - Long-term borrowings stood at $20.87 million, reflecting the company's financing strategy[30] Equity and Shareholder Information - The total equity attributable to shareholders increased significantly to ¥1,014,434,675.16 from ¥454,073,983.28, marking an increase of about 123.5%[20] - Total number of common shareholders at the end of the reporting period is 6,126[13] - The top two shareholders, Wu Qinfang and Qiu He, each hold 42,386,358 shares, representing 34.44% of the total shares[13] - The total equity attributable to shareholders reached approximately $454.07 million, with retained earnings of $145.74 million[31] Research and Development - Research and development expenses for Q3 2021 amounted to ¥8,611,304.46, representing an increase of 46.93% year-on-year[6] - The proportion of R&D expenses to operating revenue increased to 5.47%, up 1.93 percentage points year-on-year[6] - Research and development expenses for the first three quarters of 2021 amounted to ¥23,552,267.15, compared to ¥18,358,759.36 in the previous year, representing a rise of approximately 28.5%[20] Cash Flow - The company reported a cash flow from operating activities of ¥79,316,856.76 for the year-to-date, reflecting a 36.13% increase[6] - The cash inflow from operating activities in the first three quarters of 2021 was approximately ¥554.34 million, an increase of 27.1% compared to ¥436.06 million in the same period of 2020[25] - The net cash flow from operating activities for the first three quarters of 2021 was ¥79.32 million, compared to ¥58.27 million in the same period of 2020[25] - The cash outflow from investment activities in the first three quarters of 2021 was ¥531.85 million, significantly higher than ¥14.07 million in the same period of 2020[26] - The net cash flow from investment activities was -¥528.14 million in the first three quarters of 2021, compared to -¥13.81 million in the same period of 2020[26] - The cash inflow from financing activities in the first three quarters of 2021 was ¥505.75 million, compared to ¥104.95 million in the same period of 2020[26] - The net cash flow from financing activities was ¥465.44 million in the first three quarters of 2021, a significant improvement from -¥48.33 million in the same period of 2020[26] Inventory and Current Assets - Inventory as of September 30, 2021, is ¥186,793,646.63, up from ¥159,430,445.45 in the previous year[18] - Total current assets increased to ¥1,090,944,470.18 from ¥566,756,248.73 year-over-year[18] - The company’s inventory as of the third quarter of 2021 was approximately ¥159.43 million[29] - The company’s accounts receivable as of the third quarter of 2021 was approximately ¥116.94 million[29] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[24] - The company has not disclosed any significant new product developments or market expansion strategies in the current report[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 was CNY 318.10 million, an increase of 30.39% compared to CNY 243.97 million in the same period last year[21]. - The net profit attributable to shareholders was CNY 47.64 million, a decrease of 9.89% from CNY 52.87 million year-on-year, primarily due to a reduction in government subsidies[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 40.79 million, an increase of 15.03% compared to CNY 35.46 million in the previous year[23]. - The gross profit margin for the first half of 2021 was reported at 35%, a slight increase from 33% in the previous year[1]. - Operating costs rose by 40.56% to 203.74 million yuan, primarily due to increased direct material and labor costs as well as the inclusion of transportation fees in operating costs[101]. - The company reported a total asset value of 1.27 billion yuan, with cash and cash equivalents amounting to 214.09 million yuan, representing 16.83% of total assets[102]. - The company’s foreign assets amounted to 71.54 million yuan, accounting for 5.62% of total assets[103]. User Growth and Market Expansion - User data indicates a growth in active users by 20% compared to the same period last year, reaching 500,000 active users[1]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by the end of 2022[1]. - The company actively expanded its market presence, benefiting from a recovering domestic economy and increased acceptance of newly developed casting markets[21]. - The company is exploring market expansion opportunities in the aerospace and marine industries, leveraging its advanced casting capabilities[67]. Research and Development - The company has invested 100 million RMB in R&D for new technologies aimed at improving automation in manufacturing processes[1]. - The research and development expenditure accounted for 4.70% of operating revenue, a decrease of 0.42 percentage points compared to the previous year[22]. - The company has developed a series of core-making machines with proprietary technologies, achieving global competitiveness in the core-making equipment sector[54]. - The company has established a research center for precision core-making casting technology, focusing on high-precision sand core production, which reduces investment in sand processing workshops[55]. - The company has filed five patents related to green casting technology and is working on drafting an industry standard in line with national carbon neutrality goals[57]. - The company has developed and optimized precision core casting processes, achieving a 19.55% increase in R&D expenses to ¥14,940,963.38 compared to ¥12,497,897.44 in the previous period[62]. Product Development and Technology - New product development includes the launch of an advanced casting technology, projected to increase production efficiency by 25%[1]. - The introduction of the MiCC300 integrated core-making unit has led to the development of a new product series, applicable in the new energy and fuel vehicle industries[57]. - The company has developed a new aluminum alloy with a strength of 300MPa, targeting the automotive industry for high-performance applications[67]. - The company is focusing on the development of intelligent rapid casting systems to enhance the performance and efficiency of casting processes[64]. Strategic Initiatives and Acquisitions - A strategic acquisition of a local competitor is in progress, expected to enhance the company's product offerings and customer base[1]. - The board has approved a plan to reinvest 50% of profits into business expansion and technology upgrades[1]. - The company has established long-term partnerships with major clients such as Weisheng, Bosch, and others in the HVAC and automotive sectors[48]. Risks and Challenges - The company has identified key risks including supply chain disruptions and regulatory changes, which may impact future performance[1]. - The company faces risks from intensified market competition, particularly in the cold core process and inorganic process core shooting machines, where it competes with international brands[88]. - The company’s aluminum alloy heat exchanger business is at risk of being replaced by stainless steel heat exchangers, which currently hold a balanced market share of approximately 50% each in Europe[91]. - The company relies on imported casting sand as a primary raw material, which poses a risk if international trade or political issues disrupt supply[93]. Environmental and Compliance Efforts - The company has been recognized as a "Green Factory" by the Ministry of Industry and Information Technology, adhering to national and local environmental standards[117]. - The company has implemented a series of environmental protection management systems, including hazardous waste management and wastewater treatment protocols[118]. - The company’s production process includes a closed-loop system for wastewater, ensuring no discharge of production wastewater[118]. - The company has developed a precision core-making process that significantly reduces carbon emissions and environmental impact during production[121]. Shareholder Commitments and Governance - The company’s controlling shareholders, Wu Qinfang and Qiu He, committed not to transfer or entrust the management of their shares for 36 months from the date of the stock listing[127]. - The company has established a plan to ensure compliance with the commitments made by its shareholders and management regarding share transfers[128]. - The company will disclose any failure to fulfill commitments in a timely manner and apologize to investors[128]. - The company has implemented measures to address potential conflicts of interest and related party transactions[126].