Financial Performance - Operating income surged by 273.17% to CNY 81,409,797.30 compared to the same period last year[11] - Net profit attributable to shareholders increased by 475.46% to CNY 13,012,367.31 compared to the same period last year[11] - The company reported a significant increase in net profit after deducting non-recurring gains and losses, reaching CNY 12,719,973.01, a 2,153.05% increase compared to the previous year[11] - Basic earnings per share rose by 600.00% to CNY 0.14 compared to the same period last year[11] - Total revenue for Q1 2021 reached ¥81,409,797.30, a significant increase from ¥21,815,685.65 in Q1 2020, representing a growth of approximately 272%[43] - The net profit for Q1 2021 reached 13,012,367.31 CNY, compared to a net profit of 2,261,202.04 CNY in Q1 2020, indicating an increase of about 475.5%[49] - The total profit for Q1 2021 was 14,673,026.65 CNY, compared to 1,603,144.57 CNY in Q1 2020, showing an increase of approximately 817.5%[47] Assets and Liabilities - Total assets increased by 73.72% to CNY 1,081,477,318.94 compared to the end of the previous year[11] - The total assets of the company reached ¥1,081,477,318.94, significantly up from ¥622,525,983.13, reflecting overall growth in financial health[33] - Total liabilities increased to ¥243,512,333.27 in Q1 2021 from ¥213,931,560.72 in Q1 2020, representing a growth of approximately 14%[41] - The total amount of current liabilities was ¥198,078,811.71 in Q1 2021, up from ¥172,006,535.62 in Q1 2020, indicating an increase of approximately 15%[41] Shareholder Information - The total number of shareholders at the end of the reporting period was 26,070[18] - The top shareholder, Cheng Zhuo, holds 30.45% of the shares, totaling 36,787,490 shares[18] Cash Flow - The net cash flow from operating activities improved by 85.22%, reaching CNY -6,513,637.94[11] - Cash inflow from operating activities for Q1 2021 was CNY 67,650,985.33, an increase of 27.7% compared to CNY 53,043,381.81 in Q1 2020[56] - Cash outflow from operating activities for Q1 2021 was CNY 74,163,959.25, a decrease of 23.6% compared to CNY 97,102,739.71 in Q1 2020[60] - Net cash flow from operating activities for Q1 2021 was -CNY 6,512,973.92, an improvement from -CNY 44,059,357.90 in Q1 2020[60] - Cash inflow from financing activities for Q1 2021 was CNY 476,114,453.23, with no prior year comparison available[60] - Net cash flow from financing activities for Q1 2021 was CNY 471,161,330.27, indicating strong financing activity[60] - The net increase in cash and cash equivalents for Q1 2021 was CNY 370,562,355.22, a significant recovery from a decrease of -CNY 37,132,565.68 in Q1 2020[60] - The ending balance of cash and cash equivalents for Q1 2021 was CNY 448,115,700.02, compared to CNY 31,364,037.40 in Q1 2020[60] Research and Development - R&D investment as a percentage of operating income decreased by 25.49% to 12.00%[11] - Research and development expenses for Q1 2021 amounted to ¥9,770,017.29, up from ¥8,179,015.63 in Q1 2020, reflecting a growth of approximately 19%[43] - Research and development expenses for Q1 2021 totaled 9,770,017.29 CNY, up from 8,179,015.63 CNY in Q1 2020, reflecting an increase of approximately 19.4%[49] Financial Position - Net assets attributable to shareholders increased by 105.08% to CNY 837,964,985.67 compared to the end of the previous year[11] - Owner's equity reached ¥837,964,985.67 in Q1 2021, compared to ¥408,594,422.41 in Q1 2020, indicating an increase of about 105%[38] Investment and Expenses - Trading financial assets rose to ¥50,355,426.67, up 115.60% from ¥23,355,426.67, indicating increased investment in financial products[26] - Operating costs surged to ¥49,106,214.55, reflecting a 385.81% increase from ¥10,108,140.49, correlating with higher production expenses[29] - The company's financial expenses for Q1 2021 were -197,429.94 CNY, an improvement from -699,536.61 CNY in Q1 2020, indicating a reduction in financial costs[49] - The company's tax expenses for Q1 2021 were 1,660,659.34 CNY, compared to a tax benefit of -658,057.47 CNY in Q1 2020, reflecting a shift from a tax benefit to a tax expense[49]

Financial Performance - The company reported a revenue of 1.5 billion RMB for the year 2020, representing a year-over-year growth of 15%[14]. - The company achieved operating revenue of CNY 310.09 million in 2020, representing a year-on-year increase of 53.31%[26]. - Net profit attributable to shareholders reached CNY 71.04 million, up 49.16% compared to the previous year[26]. - The company reported a significant increase in revenue, achieving a total of $X billion, representing a Y% growth compared to the previous year[15]. - The company reported a significant increase in investment activity cash flow, up 160.82% year-on-year[129]. - The company achieved a total revenue of 31,008.76 million yuan, representing a 53.31% increase compared to the same period in 2019[107]. - The company’s gross profit margin for the PCB series was 93.90%, while the gross profit margin for the semiconductor series was 2.85%[137]. - The company reported a non-recurring gain of ¥16,110,334.44 in 2020, compared to ¥1,355,090.99 in 2019 and ¥18,831.42 in 2018, indicating a significant increase in non-recurring income[35]. Research and Development - The company is investing 200 million RMB in R&D for new laser direct imaging technology, aiming to improve imaging quality by 30%[14]. - The total R&D expenditure for the year was ¥33,943,566.54, an increase of 18.89% compared to the previous year[88]. - The R&D expenditure as a percentage of operating revenue was 10.95%, down 3.17 percentage points from the previous year[28]. - The company applied for 36 new intellectual property rights this year, with 12 granted, bringing the cumulative total to 161 applications and 92 grants[87]. - The company has established a strong R&D team and is focused on enhancing its talent incentive system to drive continuous innovation[111]. - The company is focusing on independent research and development, with a structured process for evaluating and launching new products based on market needs[46]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a market share increase of 5% by the end of 2021[14]. - The company is focusing on expanding its PCB market and enhancing its semiconductor business applications[28]. - The company is focused on expanding its market presence in the semiconductor and PCB industries, leveraging its advanced technology and product offerings[39]. - The company plans to expand its product applications into OLED high-generation production lines and large-size wafer-level packaging in the semiconductor sector[102]. - The company aims to become a world brand in domestic lithography machines, focusing on micro-nano direct imaging and direct writing lithography equipment[163]. Corporate Governance and Compliance - The board of directors and management confirmed the accuracy and completeness of the annual report, with no significant omissions or misleading statements[4]. - The company has not violated any decision-making procedures regarding external guarantees[7]. - The company has established a commitment to comply with relevant laws and regulations regarding shareholding and transfer[185]. - The company will ensure that its governance structure is optimized to protect the rights of shareholders, especially minority shareholders[189]. - The company has committed to a share repurchase plan if the stock price falls below the audited net asset value per share for 20 consecutive trading days[186]. Risks and Challenges - The company has not identified any substantial risks that could materially affect its operations during the reporting period[4]. - The company faces risks related to insufficient R&D investment, which could lead to being surpassed by competitors[113]. - The company has a high customer concentration risk, with revenue from the top five customers still significant despite a decreasing trend[120]. - The company relies on a limited number of suppliers for core components, which poses a risk if trade policies change[120]. - The ongoing COVID-19 pandemic has led to supply chain disruptions and extended payment cycles from customers[125]. Production and Efficiency - The gross margin for the year was reported at 35%, a slight increase from 32% in the previous year[14]. - The company aims to reduce production costs by 10% through the implementation of new manufacturing technologies[14]. - The company has reported a yield rate improvement of I%, indicating enhanced production efficiency[16]. - The utilization rate of manufacturing facilities has reached J%, reflecting optimal operational performance[15]. - The company is enhancing product yield by improving production efficiency and minimizing line width, which requires increased system modules and effective thermal control[65]. Shareholder Returns and Dividends - The company has established a cash dividend policy, aiming for a minimum of 30% of the average distributable profit over the last three years to be distributed in cash dividends[174]. - The company decided not to distribute profits for the fiscal year 2020, considering the current stage of market expansion and high R&D investment needs[179]. - The retained earnings from 2020 will be carried over to the next year to meet operational and project investment needs[179]. - The independent non-executive directors agreed that the decision aligns with the company's long-term development and shareholder interests, complying with relevant laws and regulations[179]. Audit and Financial Reporting - The company received a standard unqualified audit report from the accounting firm Rongcheng[5]. - The company confirmed that all board members can guarantee the authenticity and completeness of the annual report[8]. - The company appointed Rongcheng Accounting Firm as the auditor for the 2020 fiscal year, with an audit fee of CNY 500,000[198]. - There were no major accounting errors corrected during the reporting period[198]. - The company reported no significant changes in accounting estimates during the reporting period[197].