Financial Performance - The company reported no cash dividends, stock bonuses, or capital reserve transfers for the 2022 profit distribution plan, which was approved by the board [5]. - The company has not achieved profitability since its listing, indicating ongoing financial challenges [4]. - A standard unqualified audit report was issued by the accounting firm, ensuring the accuracy of the financial statements [5]. - The company achieved operating revenue of CNY 579,032,421.50 in 2022, representing a year-on-year increase of 15.35% [22]. - The net profit attributable to shareholders decreased by 91.15% to CNY 6,231,640.02 compared to the previous year [22]. - The company's gross profit margin declined by 6.95% due to intensified competition and fluctuations in raw material prices [22]. - The total assets of the company increased by 20.19% to CNY 1,273,852,540.50 at the end of 2022 [22]. - The net asset attributable to shareholders decreased by 2.07% to CNY 642,887,068.38 compared to the end of 2021 [22]. - The basic earnings per share fell by 91.49% to CNY 0.04 in 2022 [23]. - The company's net profit attributable to shareholders decreased by 91.28% compared to last year, primarily due to increased material costs and R&D expenses [25]. - The net cash flow from operating activities decreased by 168.77% compared to last year, primarily due to increased material and labor costs [25]. - The company reported a net cash flow from operating activities of -CNY 43,776,242.19, a decrease of 169.08% from the previous year [22]. - The company's main business revenue from specialized equipment was CNY 547,227,349.49, with a gross margin of 25.76%, which decreased by 7.73 percentage points year-on-year [99]. - The revenue from protective products was CNY 4,818,217.14, with a gross margin of -92.47%, reflecting a significant decline of 86.04 percentage points compared to the previous year [99]. - The company reported a total revenue of 804.24 million CNY for the year 2022, maintaining the same number of shares outstanding at 59,337,960 [134]. Operational Risks and Compliance - The company has outlined various operational risks and corresponding mitigation strategies in the report [4]. - There are no non-operational fund occupations by controlling shareholders or related parties, indicating financial integrity [7]. - The company has not violated decision-making procedures for external guarantees, reflecting compliance with regulations [7]. - The management has confirmed the authenticity and completeness of the annual report, ensuring transparency [5]. - The company has not disclosed any special arrangements in corporate governance, suggesting standard practices are in place [8]. - The report includes a forward-looking statement risk disclaimer, cautioning investors about potential uncertainties [6]. - The company has established a comprehensive governance structure in compliance with relevant laws and regulations, ensuring effective internal control and operational transparency [130]. - The company has not faced any penalties from securities regulatory agencies in the past three years [152]. Research and Development - Research and development expenses accounted for 7.9% of operating revenue, an increase of 1.45 percentage points from the previous year [23]. - The company increased its R&D investment to ¥45,754,286.41, a 41.29% increase compared to the previous year [67]. - Total R&D expenditure accounted for 7.9% of operating revenue, up from 6.45% in the previous year, representing a 22.48% increase [67]. - The company holds a total of 179 patents, including 61 invention patents, 116 utility model patents, and 2 design patents, with 17 new invention patents granted during the reporting period [64]. - The company is focusing on the development of low platinum, high-performance membrane electrode catalysts for hydrogen fuel cells, with 3 invention patents filed and 1 paper published [54]. - The company is actively working on improving the accuracy and efficiency of manual monitoring methods for ammonia escape in coal-fired power plants [74]. - The company has established a leadership group for environmental protection and a safety and environmental center to oversee compliance and management [177]. Market and Industry Trends - The company focuses on the R&D, production, and sales of filtration materials and flue gas purification products, primarily serving industries such as power, steel, and cement [36]. - The company aims to enhance its competitiveness and risk resistance by integrating industry resources and expanding into new energy and new materials sectors [35]. - The company has achieved a market share of 20.2% in low-temperature denitration catalysts for steel sintering, ranking first in the domestic market and 50% in the provincial market [52]. - The emerging sub-sectors in the testing market are expected to maintain high growth rates, with new opportunities in defense-related testing, medical device testing, and automotive testing projected for 2023-2025 [48]. - The company is actively expanding into the rapidly growing waste incineration and cement denitration markets, while also breaking into the glass terminal market [52]. - The company is exploring acquisition opportunities to enhance its product portfolio, targeting companies with a combined revenue of $200 million [139]. - The company plans to enhance its marketing network and capitalize on new construction and renovation opportunities in the power market, while also expanding its presence in non-electric sectors [125]. Environmental Compliance and Sustainability - The company is committed to sustainable development and has made significant efforts in ESG (Environmental, Social, and Governance) practices [177]. - The company reported compliance with air pollutant discharge standards, with particulate matter emissions at 4.7 mg/m³, well below the Shanghai standard [181]. - The company achieved a chemical oxygen demand (COD) level of 0.44 mg/L in wastewater, which is within the permissible limit of 420 mg/L [183]. - The company’s noise emissions were compliant with the industrial noise discharge standards, with daytime levels at 56 dB(A) and nighttime levels at 43 dB(A) [184]. - The company has implemented advanced treatment facilities, including a two-stage activated carbon adsorption system for non-methane total hydrocarbons [182]. - The company has invested in pollution control technologies, including a SCR denitrification system to reduce nitrogen oxide emissions [182]. - The company’s overall environmental compliance reflects its commitment to sustainable operations and regulatory adherence [181]. - The company has established a carbon technology subsidiary in Shanghai, serving over 10 high-emission enterprises and achieving a cumulative CO2 reduction of over 200,000 tons, with carbon asset transaction value exceeding 1 million [198]. Strategic Initiatives and Future Outlook - The company plans to focus on expanding its R&D capabilities and exploring new market opportunities to enhance future growth [97]. - The company aims to solidify its core business while seizing market opportunities in coal-fired power unit additions and flexible modifications, as well as ultra-low emission transformations in non-electric sectors [122]. - Continuous investment in R&D is prioritized to maintain a competitive edge in low-carbon new materials, with a focus on attracting experienced talent for innovation [126]. - The company is committed to enhancing financial management and operational analysis to improve project efficiency and effectiveness [126]. - The company is actively expanding its composite fluid materials business, leveraging its expertise in polymer materials [85]. - The company has implemented a comprehensive lifecycle management service system to support energy-saving and carbon reduction initiatives [83]. - The company is currently undergoing self-verification for several environmental projects, including a new energy materials experimental base project and an environmental protection filter material production line project [187].

2022 年第三季度报告 证券代码：688659 证券简称：元琛科技 安徽元琛环保科技股份有限公司 2022 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期 比上年同 | 年初至报告期末 | 年初至报告期 末比上年同期 | | --- | --- | --- | --- | --- | | | | 期增减变 | | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 | 122,199,650.31 | 3.74 | 392,925,961.68 | 13.81 | | 归属于上市公司股东的 | -2,293,250.28 | -117.45 | 15,886,336.43 | -62.18 | | 净利润 | | | | | | 归属于上市公司股东的 扣除非经常性损益的净 | -4,274,254.21 | -14 ...

Financial Performance - The company reported a total revenue of 500 million CNY for the first half of 2022, representing a 15% increase compared to the same period last year[12]. - The company's operating revenue for the first half of 2022 was ¥270,726,311.37, representing a 19.02% increase compared to ¥227,464,014.97 in the same period last year[18]. - The net profit attributable to shareholders decreased by 37.01% to ¥18,179,586.71 from ¥28,860,239.34 year-on-year[18]. - The basic earnings per share dropped by 47.62% to ¥0.11 from ¥0.21 in the previous year[19]. - The gross profit margin improved to 35%, up from 30% in the previous year, indicating better cost management[12]. - The company reported a significant increase in revenue, achieving a total of $500 million for the quarter, representing a 25% year-over-year growth[104]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion yuan, representing a 20% year-over-year growth[119]. - Future guidance indicates a projected revenue growth of approximately 15% for the next quarter[180]. User Growth and Market Expansion - User data indicates a growth in active users by 20%, reaching 1 million users by the end of June 2022[12]. - User data showed a growth of 25% in active users, reaching a total of 2 million users by the end of Q2 2022[102]. - The company is actively expanding its market presence in Southeast Asia, targeting a 30% increase in market share by 2023[12]. - Market expansion plans include entering three new international markets by Q4 2022, projected to increase user base by 30%[102]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share within the next two years[109]. Research and Development - Research and development expenses increased by 25% to 50 million CNY, focusing on new technologies in air pollution control[12]. - Research and development expenses increased by 39.47% to ¥2,020,000, driven by enhanced collaboration with universities and research institutions[19]. - The company has increased its R&D investment to CNY 20,263,247.55, a 39.47% increase compared to the same period last year, with R&D expenses accounting for 7.48% of operating revenue, up by 1.09 percentage points[41]. - The company is investing in R&D for high-efficiency dust filtration materials tailored for various industrial applications[60]. - Research and development expenses have increased by 10% to support innovation initiatives[180]. Strategic Initiatives and Acquisitions - A strategic acquisition of a local competitor is under consideration, which could enhance the company's product offerings and customer base[12]. - The company is considering strategic acquisitions to bolster its market position, with a budget of $20 million allocated for potential deals[102]. - The company is exploring potential acquisitions to strengthen its market position, with a budget of 500 million yuan allocated for this purpose[124]. Financial Health and Investments - The company's total assets grew by 12.79% to ¥1,195,399,800.13 from ¥1,059,864,086.21 at the end of the previous year[18]. - The company's accounts receivable and contract assets totaled CNY 333.42 million, accounting for 27.89% of total assets, indicating a significant increase due to business expansion[64]. - The company's inventory value was CNY 164.06 million, representing 13.72% of total assets, which poses a risk of potential obsolescence if market conditions worsen[64]. - The company reported a significant increase in short-term borrowings, rising by 391.96% to CNY 149.01 million, which may impact liquidity[71]. - The company has committed to a three-year shareholder dividend return plan, emphasizing transparency and conditions for profit distribution[112]. Environmental Commitment - The company is committed to supporting national ecological and environmental sustainability strategies, focusing on the development of flue gas treatment products[25]. - The company aims to achieve over 10% reduction in VOCs and NOx emissions by 2025 compared to 2020 levels, in line with national environmental policies[26]. - The company has established a robust monitoring system to ensure all emissions remain within regulatory limits, demonstrating commitment to environmental sustainability[87]. - The company has implemented pollution prevention facilities in accordance with environmental impact reports and permits, ensuring stable and efficient operation of pollution control measures[87]. Operational Efficiency - Management expenses rose by 68.46%, primarily due to increased employee compensation[19]. - The company is implementing an information management platform to achieve smart manufacturing and modernized operations[60]. - Strategic initiatives are being implemented to optimize operational efficiency and reduce costs by 5%[180]. Shareholder Relations and Governance - The controlling shareholders and actual controllers have committed to not interfering in the company's management and to protect company interests[112]. - The company will enhance internal controls and budget management to improve operational efficiency and profitability[112]. - The company commits to compensating investors for losses caused by false statements or omissions in the prospectus, with a public apology and compensation for direct economic losses[116].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 113,359,326.35, representing a year-on-year increase of 44.27%[5] - Net profit attributable to shareholders decreased by 42.70% to CNY 4,835,032.14, primarily due to rising raw material costs and increased labor expenses[5] - The net profit after deducting non-recurring gains and losses dropped by 132.10% to CNY -2,182,513.23, reflecting higher operational costs[5] - Basic and diluted earnings per share were both CNY 0.03, down 57.14% year-on-year[6] - Total operating revenue for Q1 2022 reached ¥113,359,326.35, a significant increase of 44.4% compared to ¥78,576,662.59 in Q1 2021[18] - Net profit for Q1 2022 was ¥4,835,032.14, a decrease of 42.5% from ¥8,437,778.84 in Q1 2021[19] Cash Flow - The net cash flow from operating activities was CNY -30,145,210.39, a decline of 274.03% compared to the previous year[5] - Cash flow from operating activities showed a net outflow of ¥30,145,210.39 in Q1 2022, compared to a net inflow of ¥17,321,900.65 in Q1 2021[22] - Cash inflow from investment activities was ¥15,075,151.69 in Q1 2022, down from ¥16,508,443.01 in Q1 2021[23] - Cash outflow from investment activities increased to ¥54,748,387.42 in Q1 2022, compared to ¥27,499,795.57 in Q1 2021, indicating higher capital expenditures[23] - Cash and cash equivalents decreased to CNY 48,098,621.65 from CNY 72,326,123.07, reflecting a decline of approximately 33.4%[15] - Cash inflow from financing activities totaled $55,125,125.48, a decrease from $228,174,528.30 in the previous period[24] - Net cash flow from financing activities was $52,061,400.91, compared to $206,481,794.78 previously[24] - Cash and cash equivalents at the end of the period amounted to $20,631,268.98, down from $247,319,826.07[24] - The net increase in cash and cash equivalents was -$17,757,045.21, contrasting with an increase of $212,804,275.82 in the prior period[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,098,562,829.56, up 3.65% from the end of the previous year[6] - Current assets totaled CNY 742,911,325.40, slightly up from CNY 727,892,470.51 in the previous period[16] - Total liabilities increased to CNY 437,256,978.01 from CNY 403,393,266.80, marking an increase of about 8.4%[17] - Non-current assets totaled CNY 355,651,504.16, up from CNY 331,971,615.70, reflecting an increase of approximately 7.1%[16] - The company reported a total equity of CNY 661,305,851.55, which is the difference between total assets and total liabilities[17] Research and Development - Research and development (R&D) expenses totaled CNY 10,087,415.92, an increase of 94.31%, accounting for 8.90% of operating revenue[6] - Research and development expenses increased to ¥10,087,415.92 in Q1 2022, up 93.5% from ¥5,191,512.44 in Q1 2021, reflecting a focus on innovation[18] - The company plans to continue investing in R&D to enhance product offerings and address rising production costs[9] Shareholder Information - The company has a total of 10 major shareholders, with the largest being Shenzhen Tongchuang Weiye Asset Management Co., holding 19,522,320 shares[12] Inventory and Receivables - Accounts receivable increased to CNY 223,811,092.99, up from CNY 200,745,341.60, representing an increase of about 11.5%[15] - Inventory increased to CNY 159,989,547.54 from CNY 136,016,131.28, showing a growth of about 17.5%[16] Other Financial Metrics - The weighted average return on equity decreased by 1.38 percentage points to 0.73%[6] - Cash dividends and interest payments totaled $586,970.72, up from $333,324.13 in the previous period[24] - The impact of exchange rate changes on cash and cash equivalents was -$8,067.05[24] - The company did not apply the new accounting standards starting from 2022[24]

Financial Performance - The company plans to distribute a cash dividend of RMB 1.35 per 10 shares, totaling RMB 21.6 million, which accounts for 30.66% of the net profit attributable to shareholders for 2021[5]. - The company has not yet achieved profitability since its listing[4]. - The company's operating revenue for 2021 was CNY 501,997,044, representing a 9.51% increase compared to CNY 458,392,572 in 2020[22]. - The net profit attributable to shareholders for 2021 was CNY 70,447,191.66, which is a 13.53% increase from CNY 62,050,282.06 in 2020[22]. - The basic earnings per share for 2021 was CNY 0.47, a decrease of 9.62% from CNY 0.52 in 2020[23]. - The gross profit margin for the main business was 31.56%, a decrease of 8.06 percentage points compared to the previous year[102]. - The company achieved a gross margin of 40%, up from 35% in the previous year[146]. - The company reported a positive profit for the reporting period, with a profit available for distribution to shareholders, but did not propose a cash profit distribution plan[170]. Operational Efficiency - The net cash flow from operating activities decreased by 14.78% to CNY 63,369,808.16 in 2021 from CNY 74,361,185.87 in 2020[22]. - The company reported a significant increase in net cash flow from financing activities, which surged by 473.42% to CNY 152,131,463.62, mainly due to the arrival of raised funds[99]. - Operating costs increased to CNY 344,461,545.11, up 24.68% compared to the previous year, primarily due to increased sales revenue and rising raw material and energy prices[99]. - The company achieved compliance with the Shanghai Air Pollutants Comprehensive Emission Standards, with particulate matter emissions recorded at 2.4 mg/m³[177]. - The company has implemented lean production management and 5S management to improve employee efficiency and reduce pollutant emissions[193]. Research and Development - Research and development expenses accounted for 6.45% of operating revenue in 2021, an increase of 0.9 percentage points from 5.55% in 2020[23]. - The company has increased its R&D investment to enhance product quality and service levels, aligning with national environmental policies[34]. - Total R&D expenses increased by 27.35% year-over-year, reaching ¥32,384,173.91 compared to ¥25,429,094.52 in the previous year[72]. - The company is currently working on 12 R&D projects with a total expected investment of ¥30,000,000, focusing on various advanced materials and technologies[75]. - The company is committed to increasing R&D investment and improving its R&D system to support technological breakthroughs and product innovations[132]. Market Expansion and Strategy - The company plans to continue expanding its market presence and investing in new technologies and products[24]. - The company has established strategic partnerships with well-known enterprises such as Shandong Guoshun Group and Beijing Zhongjing Environment to expand its market presence[36]. - The company is actively expanding into the rapidly growing waste incineration and cement denitrification markets, aiming to enhance its market share in these sectors[53]. - The company aims to enhance its competitive advantage and market share by continuously innovating products and providing comprehensive services throughout the product lifecycle[130]. - The company plans to strengthen its market expansion in the third-party testing field and enter the online monitoring equipment sector, focusing on hydrogen energy and lithium batteries[130]. Environmental Compliance and Initiatives - The company is classified as a key pollutant discharge unit and complies with relevant environmental standards for emissions[176]. - The company has established a comprehensive environmental protection management system, including various regulations and responsibilities for environmental protection[191]. - The company actively participates in environmental protection activities and promotes green office practices, including paper recycling and energy conservation[193][194]. - The company has implemented a self-monitoring plan for air pollutants, with monitoring frequency set at once every six months for various pollutants[183]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[188]. Governance and Management - The company has established a governance structure that includes various committees to ensure clear responsibilities and effective checks and balances[137]. - The company has maintained a stable management team with no significant changes in key positions during the reporting period[142]. - The company emphasizes talent development, with a skilled team covering various disciplines, contributing to multiple national technology innovation projects[87]. - The company has implemented a comprehensive training plan to enhance employee skills and management capabilities[168]. - The company has a diverse board with members having extensive experience in various sectors, including finance, technology, and law[145]. Financial Health and Risks - The company's accounts receivable and contract assets totaled 251.1678 million yuan, accounting for 23.70% of total assets, indicating potential credit risk[94]. - The company's inventory value was 136.0161 million yuan, representing 12.83% of total assets, which poses a risk of obsolescence if market conditions change[95]. - The company faces risks related to potential fluctuations in raw material prices and profit margins due to market competition and economic conditions[91]. - The company has optimized its supply chain management, enhancing operational efficiency and ensuring timely delivery of customer orders[89]. - The company has established a performance management system and a competitive compensation policy to incentivize employees based on individual and company performance[167].

Financial Performance - The company's operating revenue for Q3 2021 was ¥117,790,343.33, representing a year-on-year increase of 23.16%[5] - The net profit attributable to shareholders for the same period was ¥13,143,419.57, showing a decrease of 11.89% compared to the previous year[5] - The net profit after deducting non-recurring gains and losses was ¥8,907,999.03, down 29.99% year-on-year[5] - Total revenue for the first three quarters of 2021 reached ¥345,254,358.30, an increase of 25.6% compared to ¥274,875,285.54 in the same period of 2020[21] - Operating profit for the third quarter was ¥43,516,266.99, up from ¥22,949,711.34 in the previous year, representing an increase of 90%[22] - Net profit for the third quarter was ¥42,003,658.91, compared to ¥22,246,597.87 in the same quarter of 2020, marking an increase of 88.8%[22] Assets and Liabilities - The total assets at the end of the reporting period reached ¥989,636,419.20, an increase of 43.87% compared to the end of the previous year[6] - Total assets increased to ¥989,636,419.20 from ¥687,848,514.57, reflecting a growth of 43.9% year-over-year[19] - Total liabilities rose to ¥361,609,667.83, up from ¥291,791,867.95, indicating a 23.9% increase[19] - The company's total current assets amounted to RMB 697,942,910.87, a significant increase from RMB 454,738,789.74 at the end of 2020, representing a growth of approximately 53.5%[17] - The company's fixed assets were valued at CNY 205,266,047.42, reflecting a decrease of CNY 41,843,215.74 due to adjustments[28] Equity and Shareholder Information - The total equity attributable to shareholders increased by 58.57% to ¥628,026,751.37 compared to the previous year[6] - Shareholders' equity increased to ¥628,026,751.37 from ¥396,056,646.62, representing a growth of 58.5%[19] - Owner's equity totaled ¥396,056,646.62, reflecting a strong financial position[30] - Unappropriated profits amounted to ¥174,988,666.59, contributing to retained earnings[30] - The capital reserve was reported at ¥79,254,860.21, enhancing the equity base[30] Research and Development - The company's R&D investment totaled ¥9,079,748.62, which is an increase of 99.71% year-on-year, accounting for 7.71% of operating revenue[6] - Research and development expenses for the third quarter were ¥23,608,007.63, compared to ¥15,445,736.73 in the previous year, an increase of 52.9%[22] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥65,433,918.75, an increase of 53.81%[6] - The net cash flow from operating activities for the first three quarters of 2021 was CNY 65,433,918.75, an increase of 54% compared to CNY 42,541,524.87 in the same period of 2020[24] - Total cash inflow from investment activities was CNY 137,490,000.00, while cash outflow was CNY 356,012,971.19, resulting in a net cash flow of -CNY 218,522,971.19[25] - Cash inflow from financing activities amounted to CNY 209,416,981.13, with a net cash flow of CNY 134,806,988.66, up from CNY 36,928,456.43 in the previous year[25] Operational Highlights - The company has not reported any significant new product launches or technological advancements during this quarter[15] - There are no updates on market expansion or mergers and acquisitions mentioned in the report[15] - The company has not provided specific future guidance or performance outlook for the upcoming quarters[15] - The report indicates that there are no significant changes in the shareholder structure or financing activities during the reporting period[15] Compliance and Accounting - The company adopted the new leasing standards effective January 1, 2021, impacting asset and liability recognition[30] - The company continues to focus on compliance with updated accounting standards to ensure accurate financial reporting[30]

Financial Performance - The company reported a total revenue of 500 million CNY for the first half of 2021, representing a year-on-year increase of 20%[13]. - The company has set a revenue guidance of 1.2 billion CNY for the full year 2021, reflecting an expected growth of 25% compared to 2020[13]. - The company's operating revenue for the first half of 2021 was ¥227,464,014.97, representing a 26.91% increase compared to ¥179,237,620.91 in the same period last year[20]. - The net profit attributable to shareholders for the same period was ¥28,860,239.34, a significant increase of 293.78% from ¥7,328,988.10 in the previous year[20]. - The net cash flow from operating activities decreased by 11.16%, amounting to ¥44,896,726.44 compared to ¥50,534,487.04 in the previous year[20]. - The company's total assets increased by 33.64% to ¥919,258,810.65 from ¥687,848,514.57 at the end of the previous year[20]. - The basic earnings per share rose to ¥0.21, a 250% increase from ¥0.06 in the same period last year[21]. - The net assets attributable to shareholders increased by 55.25% to ¥614,883,867.09 from ¥396,056,646.62 at the end of the previous year[20]. - The company achieved a total revenue of 48,670,000,000 RMB in the first half of 2021, representing a 37.02% increase compared to the previous period[52]. Research and Development - Research and development expenses increased by 15%, totaling 75 million CNY, to support innovation in environmental technology[13]. - The research and development expenditure accounted for 6.39% of operating revenue, slightly up from 6.08% in the previous year[21]. - The company is focused on the development of air pollution control products, including dust filtration materials and flue gas denitrification catalysts, serving industries such as power, steel, and cement[26]. - The company achieved mass production of its independently developed "Ultra-clean Electric Bag Asymmetric Gradient" technology, which has been successfully applied in domestic coal-fired power plants, achieving ultra-clean emissions (dust concentration < 10 mg/Nm3) in units above 1000MW and 600MW[39]. - The company has obtained 3 new authorized invention patents and 8 utility model patents during the reporting period, contributing to a total of 27 authorized invention patents[43]. - The company has seen a significant increase in R&D personnel and project numbers, leading to a substantial rise in R&D expenses during the reporting period[48]. - The company reported a total R&D investment of ¥14,528,259.01, representing a 33.29% increase compared to the previous period, with R&D expenses accounting for 6.39% of operating income[47]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in sales from this region by 2022[13]. - The company has completed the acquisition of a local competitor, which is expected to enhance its production capacity by 40%[13]. - The company has segmented the domestic market into five sales regions, with a direct sales approach primarily targeting industries such as power, steel, and cement, utilizing a combination of online platforms and in-person visits for customer acquisition[30]. - The company is gradually expanding its operations into other testing fields while primarily focusing on environmental testing and monitoring services[38]. - The company is focusing on expanding its market presence in high-temperature industrial applications, particularly in the steel and cement industries[50]. Environmental Compliance and Responsibility - The company emphasizes the importance of compliance with regulatory standards to mitigate operational risks[4]. - The company is classified as a key pollutant discharge unit by environmental protection authorities and adheres to strict environmental regulations[91]. - The company has implemented advanced environmental protection technologies to ensure compliance with national and local laws[91]. - The company has established a self-built wastewater treatment station to ensure that all wastewater is treated and reused without discharge[93]. - Emission concentrations for particulate matter from various discharge points are consistently below the regulatory standards, with specific values such as 24.0 mg/m³ and 20.6 mg/m³ reported[94]. - The company’s waste management practices include proper storage and disposal of hazardous waste by qualified units[92]. - The company has established an emergency response plan for environmental incidents, registered on May 12, 2021[102]. Shareholder and Corporate Governance - The company committed to not reducing its shareholdings during the lock-up period of 36 months from the date of listing, ensuring compliance with relevant laws and regulations[125]. - The company will implement stock repurchase, increase shareholdings by controlling shareholders, or other measures to stabilize the stock price if necessary[125]. - The company has established a compensation mechanism for investors in case of losses due to false statements or omissions in the prospectus[132]. - The company’s board members and senior management have also committed to bear individual and joint liability for any misleading statements or omissions[132]. - The company has outlined a three-year dividend return plan approved at the second extraordinary general meeting of shareholders in March 2020[131]. - The company will strictly adhere to the profit distribution policies approved by the shareholders' meeting post-IPO[131]. Financial Management and Investments - The total amount of raised funds is CNY 260 million, with CNY 49.94 million invested in the current year[141]. - The cumulative amount invested as of the reporting period is CNY 209.17 million, with a shortfall of CNY 159.23 million compared to the committed investment amount[141]. - The company has no significant litigation or arbitration matters during the reporting period[137]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[136]. - The company reported a total of 59,337,960 shares held by Xu Hui, representing 37.09% of the total shares[152]. - The company has established measures to stabilize its stock price and has committed to fulfilling its obligations[137].

Financial Performance - Net profit attributable to shareholders reached CNY 8,437,778.84, a significant increase of 388.53% year-on-year[6] - Operating revenue surged by 148.19% to CNY 78,576,662.59 compared to the same period last year[6] - Basic earnings per share rose to CNY 0.07, up 387.46% from a loss of CNY 0.02 in the previous year[6] - The company reported a non-recurring profit of CNY 1,638,179.70 for the period[8] - Net profit for Q1 2021 was ¥8,437,778.84, compared to a net loss of ¥2,924,428.19 in Q1 2020, marking a turnaround[24] - Total comprehensive income for Q1 2021 was ¥8,437,778.84, compared to a comprehensive loss of ¥2,924,428.19 in Q1 2020[25] Revenue and Costs - The company's operating revenue for Q1 2021 reached ¥78,576,662.59, a significant increase of 148.19% compared to ¥31,660,214.70 in Q1 2020, primarily due to increased orders[13] - Operating costs for Q1 2021 were ¥70,331,516.96, up 94.4% from ¥36,161,231.53 in Q1 2020[23] - The company's gross profit margin decreased slightly, with operating costs rising to ¥52,030,988.45, a 156.58% increase from ¥20,278,589.08 in Q1 2020, in line with revenue growth[13] Cash Flow - Net cash flow from operating activities increased by 145.03% to CNY 17,321,900.65[6] - Cash inflow from operating activities for Q1 2021 was CNY 71,530,683.55, a decrease of 22.6% compared to CNY 92,471,157.11 in Q1 2020[31] - Cash outflow for purchasing goods and services was CNY 10,692,570.71, a significant decrease from CNY 52,323,726.42 in Q1 2020, representing a reduction of 79.6%[31] - The company reported a net cash flow from financing activities of ¥206,481,794.78, a dramatic increase of 847.94% compared to ¥21,782,143.17 in the previous year, driven by the inflow of raised funds[13] Assets and Liabilities - Total assets increased by 36.13% to CNY 936,341,228.86 compared to the end of the previous year[6] - Current assets totaled ¥695.72 million, up from ¥454.74 million, indicating a growth of about 53% year-over-year[17] - Total liabilities amounted to ¥326.17 million, compared to ¥291.79 million, indicating an increase of about 11.7%[18] - Shareholders' equity grew to ¥610.17 million from ¥396.06 million, representing an increase of approximately 54%[19] Shareholder Information - The total number of shareholders reached 21,999 by the end of the reporting period[9] - The largest shareholder, Xu Hui, holds 37.09% of the shares, totaling 59,337,960 shares[9] Research and Development - Research and development expenses as a percentage of operating revenue decreased by 12.26 percentage points to 6.61%[6] - Research and development expenses for Q1 2021 were ¥5,191,512.44, slightly down from ¥6,087,076.28 in Q1 2020[23] Other Income and Investments - The company experienced a significant increase in other income, which rose to ¥1,515,375.46, a 2242.10% increase from ¥64,701.52, primarily due to new government subsidies[13] - The company reported an investment loss of ¥250,809.02 in Q1 2021, worsening from a loss of ¥80,857.45 in Q1 2020[24] Future Plans - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[20]