Financial Performance - The company's operating revenue for Q3 2021 reached ¥447,324,823.25, representing a year-on-year increase of 94.16%[8] - Net profit attributable to shareholders for Q3 2021 was ¥53,285,041.58, a significant increase of 174.97% compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was ¥42,653,920.15, reflecting a remarkable growth of 561.80% year-on-year[8] - Total revenue for the first three quarters of 2021 reached ¥1,235,239,716.68, a significant increase from ¥675,176,558.24 in the same period of 2020, representing a growth of approximately 83.5%[34] - The company's operating profit for Q3 2021 was approximately ¥119.95 million, compared to ¥52.34 million in Q3 2020, representing an increase of 128.4%[37] - The net profit for Q3 2021 reached approximately ¥107.46 million, up from ¥46.18 million in the same period last year, marking an increase of 132.5%[37] - The total comprehensive income for Q3 2021 was approximately ¥107.36 million, compared to ¥45.40 million in Q3 2020, reflecting an increase of 136.3%[40] - Basic and diluted earnings per share for Q3 2021 were both ¥0.42, compared to ¥0.23 in Q3 2020, indicating an increase of 82.6%[40] Research and Development - The total R&D investment for Q3 2021 amounted to ¥21,352,675.75, which is an increase of 132.35% compared to the same period last year[12] - The R&D investment as a percentage of operating revenue for Q3 2021 was 4.77%, up by 0.78 percentage points year-on-year[12] - Research and development expenses rose to ¥48,249,907.32 in 2021 from ¥27,964,646.90 in 2020, reflecting an increase of approximately 72.5%[34] - Future outlook includes continued investment in R&D and market expansion strategies to sustain growth momentum[34] Assets and Liabilities - The company's total assets at the end of Q3 2021 were ¥3,417,051,644.07, marking a 20.91% increase from the end of the previous year[12] - Total current assets as of September 30, 2021, amounted to RMB 2,755,598,338.83, an increase from RMB 2,336,855,300.68 at the end of 2020, reflecting a growth of approximately 17.9%[26] - The total assets of the company as of the reporting date were ¥3,417,051,644.07, up from ¥2,826,014,927.27 in the previous year, marking an increase of about 20.9%[31] - Non-current assets totaled ¥661,453,305.24, compared to ¥489,159,626.59 in the previous year, representing a growth of approximately 35.2%[31] - Current liabilities increased to ¥1,553,235,464.51 from ¥1,102,540,223.50, which is an increase of about 41.0%[31] - The company's total liabilities reached ¥1,619,802,559.94, up from ¥1,121,224,668.43, indicating a growth of approximately 44.5%[31] - The equity attributable to shareholders was ¥1,797,249,084.13, compared to ¥1,704,790,258.84 in the previous year, reflecting an increase of about 5.4%[31] Cash Flow - The net cash flow from operating activities for the year-to-date period was -¥58,768,722.98, indicating a decrease compared to the previous year[12] - Cash inflow from operating activities for the first three quarters of 2021 was approximately ¥914.80 million, compared to ¥546.84 million in the same period of 2020, an increase of 67.1%[42] - Cash outflow from operating activities for Q3 2021 totaled approximately ¥973.57 million, compared to ¥664.23 million in Q3 2020, representing an increase of 46.5%[42] - The net cash flow from investing activities for Q3 2021 was approximately -¥148.71 million, compared to -¥155.82 million in Q3 2020, showing an improvement of 4.3%[42] - The company reported cash inflow from financing activities of approximately ¥52.90 million in Q3 2021, compared to ¥1.01 billion in Q3 2020, indicating a decrease of 94.8%[42] - The net cash flow from financing activities was 19,614,451.92 RMB, a significant decrease from 754,662,357.35 RMB in the previous period[45] - The total cash and cash equivalents at the end of the period amounted to 603,692,360.71 RMB, down from 719,938,028.80 RMB[45] - The company reported a decrease in cash and cash equivalents by 187,652,974.45 RMB during the period[45] Shareholder Information - The company reported a total of 9,250 common shareholders at the end of the reporting period[19] - The largest shareholder, Wind Sail Holdings Limited, holds 20.78% of the shares[19] - The top ten shareholders hold a significant portion of the company's shares, with the largest shareholder holding over 20%[19] - The company has not disclosed any related party transactions among the top shareholders[22] Operational Insights - The company attributed the revenue growth to the expansion of downstream industries and a recovery from the previous year's pandemic impact[14] - The company is progressing with the construction of a new office building and R&D laboratory as part of its fundraising projects, with site selection completed[23] - The company has completed the land bidding process for the new project in Tongling, with subsequent environmental assessments ongoing[23]

Financial Performance - The company reported a total revenue of 500 million RMB for the first half of 2021, representing a 20% increase compared to the same period last year[21]. - The company's operating revenue for the first half of the year reached ¥787,914,893.43, representing a 77.15% increase compared to ¥444,782,492.43 in the same period last year[27]. - Net profit attributable to shareholders was ¥54,171,019.01, up 102.08% from ¥26,806,356.29 year-on-year[27]. - The net profit after deducting non-recurring gains and losses increased by 236.07%, amounting to ¥49,601,977.33 compared to ¥14,759,409.06 in the previous year[27]. - The company's basic earnings per share rose to ¥0.21, a 50% increase from ¥0.14 in the same period last year[28]. - Sales revenue from the semiconductor industry reached ¥628 million, a 75% year-on-year increase, while revenue from the biopharmaceutical sector grew by 20% to ¥81 million[28]. - The company achieved a revenue of 787.91 million yuan in the first half of 2021, representing a growth of 77.15% compared to the same period last year[72]. - The net profit attributable to shareholders reached 54.17 million yuan, an increase of 102.08% year-on-year[72]. Research and Development - Research and development expenses increased by 30% year-on-year, totaling 50 million RMB, focusing on semiconductor technology advancements[21]. - The company's R&D investment accounted for 3.41% of operating revenue, down from 4.22% in the previous year[27]. - The company reported a 43.26% increase in R&D expenses for the first half of 2021, totaling approximately ¥26.9 million, compared to ¥18.8 million in the previous year[49]. - The company has developed six core technologies, including micro-pollution control technology and high-purity material synthesis technology, enhancing its competitive edge in the market[45]. - The company has 152 R&D personnel, accounting for 16.74% of the total workforce, with an average salary of 8.89 million RMB[58]. - The company has established high-purity gas production bases in Anhui and Shandong, focusing on the production of high-purity arsenic and phosphine gases[64]. Market Expansion and Strategy - The company expects a revenue growth forecast of 25% for the second half of 2021, driven by new product launches and market expansion strategies[21]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2022[21]. - A strategic acquisition of a local semiconductor firm is in progress, expected to enhance production capacity by 40%[21]. - The company is actively expanding its market presence and developing new technologies to meet the evolving needs of its customers[59]. - The company is focused on providing electronic-grade ultra-pure specialty gases and related equipment for high-tech industries, aiming to fill domestic gaps in high-end manufacturing[39]. Operational Efficiency and Management - The gross profit margin improved to 35%, up from 30% in the previous year, reflecting better cost management and pricing strategies[21]. - The company is focusing on enhancing internal control management to improve operational efficiency[79]. - The company aims to improve operational efficiency and reduce costs through internal management enhancements[189]. Risks and Challenges - The company has identified potential risks related to supply chain disruptions, which may impact future performance[21]. - The company faces risks related to product iteration and potential loss of core technology personnel[80][82]. Corporate Governance and Compliance - The company is committed to strict compliance with information disclosure regulations to strengthen investor relations[79]. - The company guarantees that there are no fraudulent activities in its public stock issuance and listing on the Sci-Tech Innovation Board[138]. - The company will publicly disclose any failure to fulfill commitments and apologize to shareholders and investors[142]. - The company will ensure compliance with legal obligations regarding information disclosure and will compensate investors for losses caused by any misrepresentation[193]. Environmental and Social Responsibility - The company has implemented measures to reduce carbon emissions and promote green development, including energy-saving initiatives and employee engagement in low-carbon activities[120]. - The company has a total green area of over 3,000 square meters in its park, focusing on planting native and low-maintenance plants[122]. - The company has actively participated in social welfare, providing a total of 912,072.10 yuan in wages to migrant workers during the reporting period[123]. - The company continues to focus on education and community support, contributing to rural revitalization efforts[123].

Financial Performance - Operating revenue for the period was ¥171,967,850.51, representing a year-on-year increase of 55.46%[12] - Net profit attributable to shareholders of the listed company was ¥855,212.89, a significant recovery from a loss of ¥6,734,441.33 in the same period last year[12] - Basic and diluted earnings per share improved to ¥0.003 from a loss of ¥0.04 per share in the previous year[12] - Total revenue for Q1 2021 reached ¥171,967,850.51, a significant increase from ¥110,621,264.94 in Q1 2020, representing a growth of approximately 55.4%[47] - Net profit for Q1 2021 was ¥855,212.89, recovering from a net loss of ¥6,734,441.33 in Q1 2020[51] - Total comprehensive income for Q1 2021 was ¥9,439,640.55, contrasting with a total comprehensive loss of ¥3,936,211.28 in Q1 2020[55] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,941,797,224.17, an increase of 4.10% compared to the end of the previous year[12] - The company's total assets amounted to ¥2,826,014,927.27, reflecting a slight decrease from the previous period[67] - The total liabilities of the company were RMB 1,235,087,124.24, an increase from RMB 1,121,224,668.43, representing a growth of about 10.2%[40] - Total liabilities rose to ¥1,369,011,245.52 in Q1 2021, compared to ¥1,150,704,033.84 in Q1 2020, marking an increase of about 19.0%[49] - The company’s total liabilities and equity amounted to RMB 2,941,797,224.17, consistent with the total assets reported[42] Cash Flow - The net cash flow from operating activities was not applicable as it was previously negative at -¥38,483,336.84[12] - The net cash flow from operating activities was -¥38,483,336.84, an improvement from -¥135,158,710.33 in the previous year[28] - The net cash flow from operating activities for Q1 2021 was ¥64,549,315.35, a significant improvement compared to the net cash outflow of ¥112,729,165.15 in Q1 2020[61] - Total cash inflow from operating activities reached ¥356,859,977.37, while cash outflow was ¥292,310,662.02, resulting in a positive net cash flow[61] Shareholder Information - The total number of shareholders at the end of the reporting period was 12,484[18] - The largest shareholder, Fengfan Holdings Co., Ltd., held 20.78% of the shares[18] Research and Development - Research and development expenses accounted for 7.30% of operating revenue, a decrease of 0.22 percentage points compared to the previous year[14] - Research and development expenses increased by 50.87% to ¥12,553,975.08, reflecting a rise in the number and scale of R&D projects[28] - Research and development expenses for Q1 2021 were ¥12,553,975.08, compared to ¥8,320,934.46 in Q1 2020, indicating an increase of about 50.8%[47] Inventory and Receivables - Accounts receivable decreased by 51.47% to ¥74,954,841.59, mainly due to the expiration of bank acceptance bills[23] - Inventory rose by 34.77% to ¥860,972,238.25, attributed to increased business volume and stockpiling[26] - Accounts receivable stood at ¥329,628,447.80, indicating a stable collection of receivables[67] Financial Assets and Liabilities - The company's trading financial assets increased by 39.62% to ¥98,127,430.13 compared to the previous year, primarily due to the purchase of structured deposit products[23] - Contract liabilities increased by 37.88% to ¥740,387,885.57, driven by a significant rise in customer contract prepayments[26] - The company reported a significant increase in contract assets to RMB 76,191,961.18 from RMB 72,875,286.55, reflecting a growth of approximately 4.5%[37] Other Financial Metrics - The weighted average return on net assets increased by 1.06 percentage points to 0.05%[12] - The company reported a financial income of ¥4,071,186.29 in Q1 2021, compared to a financial expense of ¥2,583,706.50 in Q1 2020, resulting in a net financial gain[47] - The company incurred financial expenses of -¥3,094,511.18 in Q1 2021, a notable improvement from ¥2,377,564.53 in Q1 2020[53]

Financial Performance - The company's operating revenue for 2020 was approximately ¥1.11 billion, a decrease of 6.47% compared to ¥1.19 billion in 2019[31]. - Net profit attributable to shareholders for 2020 was approximately ¥124.26 million, an increase of 49.67% from ¥83.02 million in 2019[31]. - The net cash flow from operating activities was negative at approximately -¥55.96 million, a significant decrease of 165.77% compared to ¥85.09 million in 2019[31]. - The company's total assets increased by 66.69% to approximately ¥2.83 billion at the end of 2020, up from ¥1.70 billion at the end of 2019[31]. - The net assets attributable to shareholders rose by 154.88% to approximately ¥1.70 billion at the end of 2020, compared to ¥668.86 million at the end of 2019[31]. - Basic earnings per share for 2020 were ¥0.58, an increase of 28.89% from ¥0.45 in 2019[31]. - The company achieved a revenue of 1,108.99 million yuan in 2020, representing a year-on-year decrease of 6.47%, while the net profit attributable to the parent company was 124.26 million yuan, an increase of 49.67% compared to the previous year[120]. - Operating costs decreased by 8.95% to 805,965,642.84 CNY[140]. Dividend Policy - The company plans to distribute a cash dividend of 1 RMB per 10 shares, totaling 25,650,000 RMB (including tax), with a cash dividend payout ratio of 20.64% for the year 2020[7]. - The company does not plan to issue bonus shares or convert capital reserves into share capital[7]. - The company maintains a continuous and stable dividend distribution policy, with a cash dividend ratio not less than 10% of the net profit attributable to shareholders for the year[190]. - The company plans to distribute at least 20% of its distributable profits as cash dividends annually, provided there are no major investment plans or significant cash expenditures[190]. - The profit distribution proposal requires approval from the shareholders' meeting after being reviewed by the board of directors and independent directors[193]. - The profit distribution plan must be executed within two months following the shareholders' meeting resolution[193]. - The company has committed to ensuring that shareholders can continuously receive cash dividends, especially when profitability improves[193]. Research and Development - Research and development expenses accounted for 4.73% of operating revenue in 2020, an increase of 0.85 percentage points from 3.88% in 2019[31]. - The company achieved a total R&D investment of ¥52,490,206.40, representing a 14.14% increase from the previous year's ¥45,986,682.62[92]. - R&D investment accounted for 4.73% of total revenue, an increase of 0.85 percentage points compared to the previous year[92]. - The number of R&D personnel increased to 163, representing 19.26% of the total workforce, up from 17.73%[106]. - The company holds 112 patents, including 25 invention patents and 80 utility model patents, reflecting its strong focus on innovation and technology development[87]. - The company has developed a high-precision gas mixing system, which is now patented, to improve production processes in integrated circuit fabs[101]. - The company is focusing on the development of biopharmaceutical separation and purification systems to enhance integration in advanced formulations[103]. Market and Industry Trends - The semiconductor industry, as a key area for the company, is experiencing rapid growth with increasing capital expenditures, positioning China as a significant player in semiconductor development[67]. - In 2020, China's integrated circuit industry sales reached 884.8 billion yuan, a year-on-year increase of 17%[71]. - The total production of integrated circuits in China was 261.3 billion pieces in 2020, representing a year-on-year growth of 16.2%[71]. - The sales revenue of the semiconductor manufacturing sector was 256 billion yuan, with a year-on-year growth of 19.1%[71]. - The flat panel display industry in China has seen significant growth, with major price increases in panels starting from the second half of 2020 due to strong market demand[71]. - The photovoltaic industry is experiencing a new round of large-scale capacity expansion, focusing on large-size silicon wafers, batteries, and components[71]. - The LED industry in China is expanding its production capacity, with increasing fixed asset investments to meet growing business demands[71]. - The fiber optic communication manufacturing industry has become the world's largest production base, driven by strong policy support and the ongoing 5G construction[71]. Operational Risks and Governance - The company has outlined various operational risks and corresponding mitigation measures in the report[5]. - There are no non-operating fund occupations by controlling shareholders or related parties[9]. - The company does not have any special arrangements for corporate governance[11]. - The company has not violated decision-making procedures for external guarantees[11]. - The board of directors and supervisory board members have confirmed the accuracy and completeness of the annual report[4]. - The company emphasizes the importance of investor relations and compliance with information disclosure regulations[125]. - The company is exposed to risks related to core technology personnel turnover, which could adversely affect R&D and profitability[127]. - The reliance on imported raw materials for over 60% of the main business costs poses a procurement risk[128]. Strategic Initiatives - The company plans to continue expanding its market presence and investing in new technologies and products[31]. - The company is focusing on enhancing its semiconductor manufacturing capabilities and exploring potential mergers and acquisitions to drive growth[31]. - The company aims to enhance its market presence by leveraging its strong customer resources accumulated in various industries, particularly in integrated circuits and flat panel displays[64]. - The company aims to provide comprehensive solutions and supporting services primarily for high-end manufacturing clients in the semiconductor, optical fiber communication, and pharmaceutical manufacturing sectors in 2021[183]. - The company is actively expanding its market by developing new businesses with existing clients while also acquiring new customers to enhance market competitiveness[186]. - The company plans to leverage its national enterprise technology center platform to fill gaps in high-end manufacturing and specialty gas fields[46]. - The company is committed to achieving continuous and stable revenue growth while actively implementing fundraising projects to promote sustainable development[183].

Financial Performance - Net profit attributable to shareholders increased by 260.07% to CNY 46,184,632.13 year-to-date[18] - Operating revenue decreased by 1.99% to CNY 675,176,558.24 year-to-date[18] - Basic earnings per share rose by 228.57% to CNY 0.23[21] - Total operating revenue for Q3 2020 was CNY 230,394,065.81, an increase from CNY 176,303,624.55 in Q3 2019, representing a growth of approximately 30.7%[54] - Net profit for Q3 2020 reached CNY 19,378,275.84, a significant recovery from a net loss of CNY 2,507,873.52 in Q3 2019[58] - The company reported a total comprehensive income of approximately ¥18.17 million for Q3 2020, compared to a loss of ¥0.80 million in the same period of 2019[61] - The basic and diluted earnings per share for Q3 2020 were both ¥0.09, compared to a loss of ¥0.013 per share in Q3 2019, indicating a return to profitability[61] Assets and Liabilities - Total assets increased by 44.93% to CNY 2,457,190,683.77 compared to the end of the previous year[18] - The company's total assets at the end of the reporting period were significantly impacted by the IPO, leading to a substantial increase in capital reserves by 358.13% to ¥1,082,848,715.19[31] - Total liabilities decreased to approximately ¥829.91 million from ¥1.03 billion, a reduction of about 19%[45] - The total liabilities amounted to CNY 807,270,442.92, down from CNY 959,296,334.63 in the previous reporting period[51] - The total equity increased to CNY 1,537,574,279.26, compared to CNY 587,152,804.45 previously, indicating a substantial growth in shareholder equity[51] Cash Flow - The company reported a net cash flow from operating activities of -CNY 117,389,414.13 year-to-date[18] - Net cash flow from financing activities increased by 1,050.82% to ¥754,662,357.35, mainly from funds raised during the IPO[33] - The net cash flow from operating activities for the first three quarters of 2020 was -117,389,414.13 RMB, compared to -28,835,685.62 RMB in the same period of 2019[70] - Cash inflow from financing activities was 1,012,218,305.31 RMB, significantly higher than 216,015,000.00 RMB in the previous year[70] Shareholder Information - The total number of shareholders at the end of the reporting period was 17,374[22] - The largest shareholder, Fengfan Holdings Limited, holds 20.78% of the shares[22] Research and Development - Research and development expenses accounted for 4.14% of operating revenue, a decrease of 0.55 percentage points[21] - Research and development expenses for Q3 2020 were CNY 9,190,044.47, a decrease from CNY 14,408,830.64 in Q3 2019, showing a reduction of approximately 36.5%[54] - Research and development expenses for Q3 2020 were approximately ¥5.43 million, a significant decrease from ¥11.44 million in Q3 2019, reflecting a strategic shift in resource allocation[62] Future Strategy - The company plans to focus on market expansion and new product development as part of its future strategy[54] - The company plans to expand its market presence and invest in new technologies to drive future growth, although specific figures were not disclosed during the call[62]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥444,782,492.43, a decrease of 13.23% compared to ¥512,572,254.93 in the same period last year [22]. - The net profit attributable to shareholders of the listed company was ¥26,806,356.29, representing a significant increase of 74.67% from ¥15,347,196.18 in the previous year [22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥14,759,409.06, which is a 12.70% increase compared to ¥13,096,752.94 in the same period last year [22]. - Net profit attributable to shareholders increased by 74.67% due to increased government subsidies and improved gross profit from project execution optimization [25]. - Operating cash flow increased by 12.61%, primarily due to increased government subsidies and reduced tax payments during the reporting period [25]. - Total assets decreased by 5.91% from the end of the previous year, amounting to approximately 1.60 billion RMB [25]. - Basic earnings per share rose by 55.56% to 0.14 RMB per share compared to the same period last year [25]. - Revenue decreased by 13.23% year-on-year, mainly due to the adverse impact of the COVID-19 pandemic on the macro economy and project delays [25]. - The weighted average return on net assets increased by 1.13 percentage points to 3.92% [25]. Research and Development - Research and development expenses accounted for 4.22% of operating revenue, an increase of 0.73 percentage points year-on-year [25]. - The company reported a total R&D expenditure of ¥18,774,602.43, which accounts for 4.22% of its operating revenue [45]. - The company has developed six core technologies, including micro-pollution control technology and fluid system design, enhancing its competitive edge in the market [42]. - The company has a total of 150 R&D personnel, accounting for 18.82% of the total workforce [81]. - The average salary of R&D personnel is 99,538.22 yuan [81]. - The company holds 80 patents, including 25 invention patents, enhancing its technological strength [83]. Product and Market Development - The company provides comprehensive solutions for process media and environment for industries such as semiconductor and pharmaceutical manufacturing [31]. - The company’s main products include gas chemical supply systems, high-purity specialty gases, and cleanroom support systems [31]. - The company employs a customized production model for its process media supply systems, adapting to different customer requirements [35]. - The cleanroom supporting system business primarily adopts a bidding model, confirming revenue based on customer acceptance reports post-project completion [37]. - The market outlook for the process medium supply system is positive, driven by advancements in downstream industries and government support for strategic emerging industries [41]. - The company is expanding its product offerings to include emission reduction and resource recycling services [86]. Financial Management and Compliance - The company received government subsidies amounting to ¥14,007,626.94, which constituted 46.66% of total profit, indicating reliance on non-operating income [100]. - The company has established a commitment to maintain the shareholding structure and comply with relevant regulations regarding share transfers and reductions [120]. - The company has a long-term commitment to comply with laws and regulations regarding shareholder reductions and will bear any losses caused by violations of these commitments [120]. - The company has committed to extending the lock-up period by an additional 6 months if the stock price falls below the issuance price during the first 6 months post-IPO [120]. - The company will ensure that any stock incentive plans are linked to the performance of the company's compensation measures [126]. - The company has established a robust mechanism for investor compensation in case of losses due to non-compliance with commitments [182]. Environmental Compliance - The company has maintained compliance with environmental protection laws and has not faced any administrative penalties related to environmental issues during the reporting period [192]. - The company has implemented pollution treatment facilities, including a spray tower for arsenic waste gas and a phosphorus wastewater treatment system with a capacity of 5 tons per day, both operating effectively and meeting discharge standards [196]. Legal and Regulatory Matters - The company is involved in several ongoing litigations, with a total amount involved in disputes reaching approximately RMB 1,590.29 million for one case and RMB 963.04 million for another [185]. - The company has faced a total of RMB 88.65 million in claims related to contract disputes during the reporting period [185]. - There are no reported significant related party transactions in daily operations or asset acquisitions during the reporting period [189].