Financial Performance - The company reported a total revenue of RMB 500 million for the first half of 2022, representing a year-on-year increase of 15%[14]. - The company's operating revenue for the first half of 2022 was approximately ¥104.27 million, a decrease of 9.24% compared to ¥114.88 million in the same period last year[22]. - The net profit attributable to shareholders for the first half of 2022 was approximately ¥10.52 million, down 10.61% from ¥11.77 million in the previous year[22]. - The basic earnings per share for the first half of 2022 was ¥0.07, a decrease of 36.36% compared to ¥0.11 in the same period last year[20]. - The company's total assets at the end of the reporting period were approximately ¥949.02 million, an increase of 1.88% from ¥931.50 million at the end of the previous year[22]. - The weighted average return on net assets for the first half of 2022 was 1.60%, a decrease of 0.65 percentage points from 2.25% in the same period last year[20]. - The net profit after deducting non-recurring gains and losses was approximately ¥6.40 million, down 44.95% from ¥11.63 million in the previous year[22]. - The company's total comprehensive income for the first half of 2022 was CNY 3,553,684.02, a decrease of 70.8% from CNY 12,178,133.44 in the first half of 2021[176]. - The company reported a net profit of CNY 11,765,502.57 for the current period, contributing to a total comprehensive income of CNY 11,765,502.57[193]. Research and Development - Investment in R&D has increased by 18%, focusing on sustainable technologies and innovation[14]. - The company's R&D investment accounted for 8.08% of operating revenue, an increase of 1.47 percentage points from 6.61% in the previous year[20]. - The company has a dedicated R&D team of 73 personnel, accounting for 47.10% of total employees, showcasing its commitment to innovation[42]. - The company has successfully commercialized its fuel cell system products, which have become an important part of its main business[26]. - The company has developed high-performance fuel cell components, including low platinum membrane electrodes and high corrosion-resistant metal bipolar plates, enhancing its competitive edge in the hydrogen fuel cell market[59]. - The company is actively pursuing market expansion and technological advancements in the hydrogen fuel cell and water treatment sectors, positioning itself for future growth[58]. - The company has established a comprehensive R&D and production capability across four key areas: membrane electrodes, bipolar plates, fuel cell stacks, and hydrogen fuel cell engine systems[59]. - The company has applied for 6 patents related to hydrogen fuel cell engine systems and plans to apply for an additional 15 patents and 1 software copyright[67]. Market Expansion and Strategy - The company is expanding its market presence in Southeast Asia, targeting a 30% market share by the end of 2023[14]. - A strategic acquisition of a local competitor is in progress, expected to enhance the company's production capacity by 40%[14]. - The company has established partnerships with three major industry players to enhance its technological capabilities[14]. - The company plans to continue applying for 15 additional patents and 1 software copyright related to its hydrogen fuel cell engine system technology, indicating a strong commitment to innovation[29]. - The company is considering strategic acquisitions to enhance its market position, with a target of acquiring firms valued at up to 500 million[102]. - Market expansion plans include entering three new international markets, projected to contribute an additional 150 million in revenue[103]. Risks and Challenges - The company has identified several key risks, including supply chain disruptions, which could impact future performance[4]. - The company faces risks related to R&D, including potential failures in developing new technologies and the long time required for product commercialization[71]. - The company has a high concentration of revenue from its top five clients, which poses a risk if any of these clients face financial difficulties[72]. - The company requires significant working capital for its projects, with payment cycles often extending 2-3 years, which could impact its operational capacity[73]. - The company’s cash flow from operating activities was low in the first half of 2022, raising concerns about liquidity if growth continues without corresponding cash flow increases[74]. Corporate Governance and Shareholder Commitments - The company has committed to not transferring or entrusting the management of its publicly issued shares for a period of 36 months from the date of listing, which started on May 13, 2021[100]. - The company will ensure compliance with any new regulations regarding share lock-up periods[105]. - The company has established measures to ensure compliance with shareholder commitments and will publicly disclose any breaches[107]. - The company has pledged to ensure that its IPO prospectus does not contain any false statements or omissions, and will bear legal responsibility for any misleading information[112]. - The company will not provide loans or financial assistance for any incentive objects to acquire restricted stock under the incentive plan[119]. Environmental Responsibility - The company focuses on environmental responsibility, actively engaging in pollution prevention and promoting eco-friendly practices[96]. - The company is committed to achieving carbon neutrality, implementing energy-saving measures and advocating for low-carbon lifestyles among employees[97]. - The company aims to become a leading technology-driven environmental protection enterprise by focusing on hydrogen fuel cell engine systems and expanding into other environmental water treatment areas[69].

Financial Performance - The company plans to distribute a cash dividend of 2.00 RMB per 10 shares, totaling 22,553,000 RMB, which accounts for 61.55% of the net profit attributable to shareholders for the year 2021[5]. - The company has not yet achieved profitability since its listing[4]. - The company’s profit distribution plan requires approval from the annual general meeting of shareholders[5]. - The company’s financial report is guaranteed to be true, accurate, and complete by its management team[5]. - The company's operating revenue for 2021 was CNY 420,239,898.12, representing a 55.26% increase compared to the previous year, primarily driven by a 54.11% increase in revenue from condensate water treatment systems and a 36.81% increase from desalination systems[24]. - The net profit attributable to shareholders for 2021 was CNY 36,639,644.35, a decrease of 16.85% from the previous year[22]. - The net cash flow from operating activities was -CNY 23,290,141.64, a decline of 195.41% year-on-year, mainly due to rapid project advancement and increased procurement scale[24]. - The net cash flow from investing activities was -CNY 73,479,069.45, a decrease of 231.37% compared to the previous year, primarily due to fixed asset acquisitions[24]. - The total assets at the end of 2021 were CNY 931,498,959.11, reflecting a 28.01% increase from the end of 2020[22]. - The net assets attributable to shareholders at the end of 2021 were CNY 653,435,873.28, up 56.18% from the previous year[22]. - Basic earnings per share for 2021 were CNY 0.38, down 30.91% from CNY 0.55 in 2020[23]. - The weighted average return on equity for 2021 was 6.63%, down 4.44 percentage points from 11.07% in 2020[23]. Research and Development - The R&D expenditure as a percentage of operating revenue was 3.77%, a decrease of 2.82 percentage points from the previous year[23]. - The company began research and development of hydrogen fuel cell engine systems in 2021, with successful prototype testing in the second half of the year[33]. - The R&D team comprises 41.50% of the workforce, with 43 authorized patents, including 11 invention patents and 32 utility model patents[36]. - The company has invested over 30 million yuan in the hydrogen fuel cell business, with plans to apply for 3 patents and 11 additional patents along with 1 software copyright[58]. - The company has successfully developed high-performance vehicle membrane electrodes and corrosion-resistant metal bipolar plates, with the HYPSR-02 fuel cell system prototype passing national quality inspections[57]. - The company has developed a proprietary technology system for water treatment, including high tower condensate treatment technology, thermal membrane coupling seawater desalination technology, and integrated wastewater treatment technology[79]. - The company has developed six invention patents in the field of wastewater treatment systems, expanding its product range and business scope[87]. - The company is developing a visual intelligent monitoring system for water interfaces, which is currently in progress and aims to expand into various industries[92]. Market and Business Strategy - The company aims to become a leading technology-driven environmental protection enterprise while focusing on hydrogen fuel cell engine systems and expanding its market presence[35]. - The company plans to expand its business into other industrial water treatment sectors and enhance its product system through continuous innovation in water treatment technologies[34]. - The company is focusing on developing hydrogen fuel cell engine systems as part of its strategic growth initiatives[140]. - The company aims to enhance its product offerings by integrating technologies from various industries, such as chemical and biological sectors, to meet the evolving demands of water treatment[72]. - The company is actively pursuing new markets in seawater and brackish water desalination, capitalizing on China's water scarcity issues, with a focus on energy-efficient desalination systems[144]. - The company plans to develop wastewater treatment services, responding to the increasing industrial wastewater discharge due to economic growth and urbanization, while adhering to new environmental regulations[144]. - The company has been involved in international projects under the "Belt and Road" initiative, enhancing its global presence and market opportunities since entering overseas markets in 2010[145]. Corporate Governance - The company has established a robust corporate governance structure, holding multiple board meetings and ensuring compliance with relevant laws and regulations[150]. - The company has successfully passed all resolutions in its shareholder meetings, indicating strong governance and stakeholder alignment[153]. - The company has established specialized committees under the board, including the Audit Committee and the Strategic Committee[171]. - The company has implemented a comprehensive internal control system covering all aspects of business activities and internal management, maintaining effective internal controls related to financial statements[188]. - The company actively engages in ESG management, integrating ESG factors into daily operations and monitoring significant ESG risks and opportunities[191]. Environmental and Social Responsibility - The company focuses on environmental protection and pollution prevention, adhering to relevant regulations and ensuring safe and compliant operations[200]. - The company promotes resource conservation and energy-saving practices, advocating for green office initiatives and reducing unnecessary consumption of resources[194]. - The company has taken measures to reduce carbon emissions, including using energy-efficient equipment and promoting low-carbon lifestyles among employees[198]. - The company has established an environmental management system and conducts regular training to enhance employees' awareness of environmental protection[197]. Employee and Compensation Policies - The company has a cash dividend policy that prioritizes cash distribution, with a minimum of 10% of the distributable profit to be distributed in cash if conditions are met[183]. - The company aims for cumulative cash dividends over three years to be no less than 30% of the average annual distributable profit during that period[183]. - The company has established a training plan to align with corporate culture and long-term strategic planning, ensuring effective employee development[180]. - The remuneration policy emphasizes employee welfare and performance assessment to prevent talent loss and support sustainable development[179]. - The total pre-tax compensation for all directors and key personnel amounted to 3,571,400 RMB, with a total shareholding of 40,130,000 shares[158].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 41,478,451.92, representing a year-on-year increase of 2.70%[5] - Net profit attributable to shareholders was CNY 6,093,968.43, showing a significant increase of 46.42% compared to the same period last year[5] - The company's net profit for Q1 2022 reached CNY 6,093,968.43, a significant increase from CNY 4,162,032.00 in Q1 2021, representing a growth of approximately 46.3%[21] - Operating profit for the quarter was CNY 7,010,688.72, compared to CNY 4,214,365.51 in the same period last year, indicating a year-over-year increase of about 66.5%[21] - The company’s total profit for the quarter was CNY 7,009,360.07, compared to CNY 4,212,518.73 in the same quarter last year, showing an increase of approximately 66.5%[21] - Total revenue from sales and services amounted to CNY 69,536,002.64, up from CNY 28,232,878.73 in the previous year, marking an increase of approximately 146.2%[26] - Basic and diluted earnings per share for Q1 2022 were both CNY 0.06, up from CNY 0.05 in Q1 2021[22] Operating Costs and Expenses - Total operating costs for Q1 2022 were CNY 45,566,926.31, up 27.3% from CNY 35,805,144.42 in Q1 2021[20] - Operating costs included CNY 36,645,590.34 in cost of goods sold, which rose from CNY 28,235,369.44 in the previous year[20] - Research and development expenses totaled CNY 4,177,101.68, accounting for 10.07% of operating revenue, an increase of 0.37 percentage points[6] - R&D expenses for Q1 2022 were CNY 4,177,101.68, compared to CNY 3,915,733.62 in Q1 2021, reflecting a year-over-year increase[20] Cash Flow and Financial Position - The net cash flow from operating activities was CNY 4,245,513.17, reflecting a substantial increase of 116.27%[6] - Cash flow from operating activities generated a net inflow of CNY 4,245,513.17, a recovery from a net outflow of CNY -26,087,910.15 in Q1 2021[26] - The company reported a total cash and cash equivalents balance of CNY 156,213,988.92 at the end of Q1 2022, compared to CNY 10,569,117.60 at the end of Q1 2021, reflecting a substantial increase[27] - Cash and cash equivalents as of March 31, 2022, were CNY 180,315,229.45, up from CNY 133,848,178.75 at the end of 2021[15] - The company raised CNY 49,253,050.00 through investment absorption during the quarter, contributing to a net cash inflow from financing activities of CNY 47,586,095.77[27] - The company reported a net cash outflow from investing activities of CNY -5,252,870.00, compared to CNY -2,606,857.80 in the previous year[27] Assets and Liabilities - Total assets at the end of the reporting period were CNY 970,899,015.81, up 4.23% from the end of the previous year[6] - Total assets as of March 31, 2022, amounted to CNY 970,899,015.81, compared to CNY 931,498,959.11 at the end of 2021[18] - Total liabilities as of March 31, 2022, were CNY 310,643,672.09, an increase from CNY 278,063,085.83 at the end of 2021[17] - The company's equity attributable to shareholders was CNY 660,255,343.72 as of March 31, 2022, compared to CNY 653,435,873.28 at the end of 2021[18] - Accounts receivable as of March 31, 2022, were CNY 318,438,287.78, slightly down from CNY 332,236,102.22 at the end of 2021[16] - Inventory as of March 31, 2022, was CNY 55,537,588.21, an increase from CNY 42,183,295.56 at the end of 2021[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 5,259[12] - The largest shareholder, Shen Wanzhong, held 31.33% of the shares, totaling 35,330,000 shares[12] Other Financial Metrics - The weighted average return on equity was 0.93%, a decrease of 0.06 percentage points[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 45.81%, primarily due to lower gross margins in the desalination system equipment business[9] - The company received government subsidies related to major technical equipment, contributing to the increase in net profit[9] - The company incurred financial expenses of CNY 39,251.71, with interest expenses amounting to CNY 323,694.46, while interest income was CNY 497,414.90[21]

Financial Performance - The company plans to distribute a cash dividend of 2.00 RMB per 10 shares, totaling 22,553,000 RMB, which accounts for 61.55% of the net profit attributable to shareholders for the year 2021[5]. - The company has not yet achieved profitability since its listing[4]. - The company's operating revenue for 2021 was CNY 420,239,898.12, representing a 55.26% increase compared to the previous year, primarily driven by a 54.11% increase in revenue from condensate water treatment system equipment and a 36.81% increase from desalination system equipment[24]. - The net profit attributable to shareholders for 2021 was CNY 36,639,644.35, a decrease of 16.85% from the previous year[22]. - The net cash flow from operating activities was -CNY 23,290,141.64, a decline of 195.41% year-on-year, mainly due to rapid project advancement and increased procurement scale[24]. - The total assets at the end of 2021 were CNY 931,498,959.11, an increase of 28.01% from the end of 2020[22]. - The net assets attributable to shareholders at the end of 2021 were CNY 653,435,873.28, reflecting a 56.18% increase from the end of 2020[22]. - The basic earnings per share for 2021 were CNY 0.38, down 30.91% from CNY 0.55 in 2020[23]. - The gross profit margin decreased by 7.84 percentage points compared to the previous year[98]. - The company reported a significant increase in sales expenses by 126.73% due to increased property insurance costs[98]. Research and Development - The R&D expenditure as a percentage of operating revenue was 3.77%, a decrease of 2.82 percentage points from the previous year[23]. - The company began R&D on hydrogen fuel cell engine systems in 2021, with the first prototype passing national quality inspections in the second half of the year[30][36]. - The R&D team comprises 41.50% of the workforce, with 43 authorized patents, including 11 invention patents[33]. - The total R&D investment for the year was approximately ¥15.82 million, a decrease of 11.23% compared to the previous year, with R&D expenses accounting for 3.77% of total revenue[79]. - The company has developed new technologies, including a membrane-based river management process and a distillation method for industrial wastewater treatment, both of which are now leading in the domestic market[80]. - The company has filed for 10 new patents during the reporting period, with a total of 72 applications and 58 granted patents[77]. Market Position and Strategy - The company has established a strong market position in the nuclear and thermal power industries, supplying condensate water treatment systems for 14 operational nuclear power units as of the end of 2021[62]. - The company is focusing on integrating modular water treatment systems to improve equipment utilization and meet diverse water treatment needs, aligning with current market and green development demands[66]. - The company is actively expanding its water treatment business into non-power industries, leveraging its technology and project experience to enter sectors such as metallurgy and chemicals[132]. - The company has been involved in international projects since 2010, including providing water treatment systems for significant overseas power generation projects, enhancing its global presence[133]. - The company is committed to enhancing its technological innovation and customer-oriented approach to strengthen its market position[127]. Governance and Management - The company has established a comprehensive governance structure, adhering to legal and regulatory requirements, and has held multiple board and shareholder meetings to ensure effective decision-making[138]. - The company has maintained a stable leadership structure with no changes in shareholding among key executives during the reporting period[145]. - The company has established a performance bonus system linked to the completion of annual operational targets and individual performance evaluations[154]. - The company has a remuneration and assessment committee responsible for setting evaluation standards and remuneration policies for directors and senior management[153]. Environmental and Social Responsibility - The company actively promotes energy conservation and resource-saving practices, including the use of energy-efficient equipment and advocating for paperless operations[186]. - The company has established an environmental management system and conducts regular training to enhance employee awareness of environmental protection[185]. - The company has committed to reducing carbon emissions and has taken measures to promote green development in line with national "dual carbon" goals[186]. - The company donated 50,000 yuan to the Haiyan County Charity Association during the reporting period[192]. Risks and Challenges - The company faces market competition risks as competitors enhance their financial strength and technical capabilities in the water treatment equipment sector[90]. - The company has a risk of increased accounts receivable and contract assets due to rapid business growth, which may affect cash flow and operational efficiency[91]. - The company’s operations are closely tied to the construction status of its clients, making it vulnerable to project delays due to external factors[92].

Financial Performance - The company's operating revenue for Q3 2021 was ¥45,302,092.31, a decrease of 71.50% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2021 was ¥7,084,316.94, down 75.29% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥7,164,896.94, a decrease of 74.65% compared to the previous year[5] - The basic earnings per share for Q3 2021 was ¥0.07, reflecting an 80.56% decline from the same period last year[6] - Total operating revenue for the first three quarters of 2021 was CNY 160,180,309.97, a decrease of 8.8% compared to CNY 175,667,263.01 in the same period of 2020[20] - Net profit for the first three quarters of 2021 was CNY 18,849,819.51, a decline of 8.0% from CNY 20,679,480.96 in the same period of 2020[22] - Basic and diluted earnings per share for the first three quarters of 2021 were CNY 0.20, compared to CNY 0.26 in the same period of 2020[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥886,095,370.51, an increase of 21.77% compared to the end of the previous year[6] - As of September 30, 2021, the company's total assets amounted to ¥886,095,370.51, an increase from ¥727,660,054.80 at the end of 2020, reflecting a growth of approximately 21.8%[16] - The total current liabilities decreased to ¥249,820,421.11 from ¥306,808,961.64, a reduction of about 18.6%[18] - The total liabilities decreased to ¥252,002,755.55 from ¥309,269,059.88, a decline of about 18.5%[18] - The company's equity increased to ¥422,092,614.83, up from ¥225,240,798.30, reflecting a growth of approximately 87.5%[18] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥61,397,293.39, indicating a significant cash outflow[6] - Cash flow from operating activities for the first three quarters of 2021 was negative CNY 61,397,293.39, a significant decrease from positive CNY 232,324.80 in the previous year[26] - Net cash flow from investing activities was -$30.45 million, compared to -$18.46 million in the previous period, indicating an increase in cash outflow for investments[27] - Total cash inflow from financing activities reached $332.89 million, significantly higher than $128.58 million in the prior period, reflecting strong capital raising efforts[27] - Net cash flow from financing activities was $154.44 million, a substantial increase from $12.75 million in the previous quarter, showcasing improved financial health[27] - Cash and cash equivalents at the end of the period totaled $94.78 million, up from $22.47 million at the end of the previous period, indicating a strong liquidity position[27] - The company received $217.79 million in cash from investments, highlighting robust investor confidence and support[27] - Cash outflow for debt repayment was $89.70 million, compared to $36.36 million in the previous period, reflecting increased debt management activities[27] Research and Development - Research and development expenses totaled ¥4,333,971.39, accounting for 9.57% of operating revenue, which is an increase of 1.91 percentage points year-on-year[6] - Research and development expenses for the first three quarters of 2021 amounted to CNY 11,931,327.34, an increase of 22.6% from CNY 9,731,075.42 in 2020[20] Inventory and Receivables - Accounts receivable increased to ¥354,915,657.73 from ¥304,395,526.59, representing a rise of approximately 16.6%[16] - Inventory levels rose to ¥62,886,330.79, compared to ¥29,214,484.43, marking an increase of around 115.5%[17] - The company reported a significant increase in prepayments, which rose to ¥31,124,282.50 from ¥14,178,576.56, indicating a growth of about 119.8%[17] Shareholder Information - The number of shares held by the largest shareholder, Shen Wanzhong, is 34,330,000, representing 32.10% of total shares[13] Strategic Focus - The company plans to continue focusing on market expansion and new product development to drive future growth[22] Other Financial Metrics - The weighted average return on equity was 1.12%, a decrease of 6.41 percentage points compared to the previous year[6] - The company reported a significant decline in sales revenue, which primarily impacted net profit figures for the quarter[10] - The company recorded a credit impairment loss of CNY -6,274,550.95, an improvement compared to CNY -8,325,971.77 in the previous year[21] - The company did not apply the new leasing standards for the current financial year, which may affect future financial reporting[27] - The impact of exchange rate changes on cash and cash equivalents was minimal at -$25.26, indicating stability in foreign exchange operations[27]

Financial Performance - The company reported a significant increase in revenue for the first half of 2021, with total revenue reaching RMB 500 million, representing a 25% year-over-year growth[12]. - The company's operating revenue for the first half of 2021 reached approximately ¥114.88 million, a significant increase of 587.35% compared to the same period last year[20]. - Net profit attributable to shareholders was approximately ¥11.77 million, marking a 247.34% increase year-over-year, primarily driven by the rise in operating revenue[20]. - Basic earnings per share improved to ¥0.11, a 210.00% increase from a loss of ¥0.10 in the previous year[19]. - The company's total assets reached ¥893,571,999.57, reflecting a growth of 22.80% compared to the previous year[58]. - The company's net assets attributable to shareholders increased by 50.19% to approximately ¥628.38 million, largely due to the public issuance of shares during the reporting period[20]. - The total comprehensive income for the first half of 2021 was ¥11,765,502.57, compared to a comprehensive loss of ¥7,985,347.92 in the same period of 2020[167]. - The company reported a net profit of CNY 17,207,866.41 for the first half of 2021, a significant improvement from a net loss in the same period of 2020[165]. Research and Development - The company has allocated RMB 50 million for research and development in the upcoming year to innovate and improve existing technologies[12]. - The company's R&D investment for the first half of 2021 amounted to approximately ¥7.60 million, representing a 21.99% increase compared to the previous period[45]. - The company has established a research and development center for high-tech products, emphasizing large-scale water treatment systems and automation products[27]. - The company has developed several patented technologies for wastewater treatment, including a solar-powered wastewater evaporation device and a multifunctional energy-saving continuous evaporation crystallization system[40]. - The company has successfully applied its products in various power industry projects, including clients like Guodian Shuangwei and China Resources Power[29]. - The company holds 37 authorized patents, including 9 invention patents and 28 utility model patents, showcasing its strong R&D capabilities[52]. Market Expansion and Strategy - The company is expanding its market presence, targeting new regions in Southeast Asia, with plans to establish two new facilities by the end of 2022[12]. - A strategic acquisition of a local competitor is in progress, which is anticipated to increase market share by 10%[12]. - The company aims to strengthen its position in the nuclear and thermal power water treatment market by optimizing core technologies and promoting product development[42]. - The company plans to enhance its product matrix by self-producing key materials for membrane water treatment, which will lower production costs and improve competitiveness[53]. - The company aims to expand its business into other industrial water treatment sectors beyond power generation, leveraging its technological advancements[59]. Sustainability and Environmental Initiatives - The management highlighted a focus on sustainability initiatives, aiming to reduce carbon emissions by 15% by 2023[12]. - The company plans to invest CNY 540,000 in environmental protection facilities to reduce dust, noise, and wastewater pollution from new projects[87]. - The company has implemented measures to ensure that emissions meet the standards for air pollutants and wastewater discharge[88]. - The company has not been listed as a key pollutant discharge unit and has complied with environmental regulations, with no administrative penalties received[86]. Financial Management and Shareholder Relations - The board has approved a profit distribution plan, with a proposed dividend payout ratio of 30% for the fiscal year[12]. - The company has established a detailed profit distribution mechanism to protect shareholders' rights[110]. - The company will ensure that the profit distribution plan adheres to the review procedures established by the shareholders' meeting[113]. - The company committed to strengthen fundraising management and ensure that raised funds are used legally and reasonably[109]. - The company will publicly explain any failure to implement stock price stabilization measures and apologize to investors[108]. Risks and Challenges - The company faces risks related to customer concentration, with the top five customers accounting for a significant portion of total revenue[63]. - The company imports 20-30% of its components, which poses a risk if international trade conditions change adversely[65]. - The company has a risk of core technical personnel turnover, with 66 R&D staff making up 49.62% of total employees, highlighting the importance of retaining key talent[66]. Shareholding Structure and IPO Commitments - The company reported a lock-up period of 36 months for shares held by major shareholders following the IPO approval on May 13, 2021[94]. - Major shareholders are restricted from transferring more than 25% of their shares annually during their tenure and for six months post-departure[96]. - The company will ensure compliance with all relevant laws and regulations during the share reduction process[105]. - The commitments made by the controlling shareholder will remain effective for three years after they cease to be the controlling shareholder[116].