Financial Performance - The company's operating revenue for Q3 2021 was ¥198,570,173.38, a decrease of 0.73% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥31,124,835.24, an increase of 30.28% year-on-year[5]. - The net profit after deducting non-recurring gains and losses was ¥27,710,811.76, reflecting a year-on-year increase of 21.03%[5]. - Total operating revenue for the first three quarters of 2021 reached ¥517,732,119.35, an increase from ¥448,829,399.82 in the same period of 2020, representing a growth of approximately 15.4%[21]. - Net profit for the third quarter of 2021 was ¥68,410,768.13, compared to ¥55,036,519.64 in the same quarter of 2020, reflecting a growth of approximately 24.3%[22]. Assets and Liabilities - Total assets reached ¥887,820,301.94, representing a growth of 78.11% compared to the end of the previous year[6]. - The company's total liabilities as of the end of the third quarter of 2021 amounted to ¥191,913,374.81, an increase from ¥147,660,091.00 in the previous year, marking a rise of about 30%[18]. - The total current liabilities were reported at ¥143,445,000.00, with short-term borrowings of ¥43,912,400.00[16]. - The company's total assets as of the end of the third quarter of 2021 were ¥887,820,301.94, up from ¥498,465,581.54 in the previous year, reflecting a growth of about 78%[18]. Shareholder Equity - Equity attributable to shareholders increased by 98.36% year-on-year, amounting to ¥692,394,913.89[6]. - The total equity attributable to shareholders of the parent company increased to ¥692,394,913.89 in Q3 2021 from ¥349,054,187.54 in Q3 2020, representing a growth of approximately 98.3%[18]. Research and Development - Research and development expenses totaled ¥8,919,529.34, accounting for 4.49% of operating revenue, an increase of 0.44 percentage points compared to the previous year[6]. - Research and development expenses for the first three quarters of 2021 were ¥26,088,868.90, compared to ¥17,972,161.40 in the same period of 2020, showing an increase of about 45.4%[21]. Cash Flow - The company reported a cash flow from operating activities of -¥8,876,404.88, indicating a significant cash outflow[6]. - Cash generated from operating activities for the first three quarters of 2021 was ¥429,501,260.40, compared to ¥360,432,183.82 in the same period of 2020, indicating an increase of approximately 19.2%[25]. - The net cash flow from operating activities was -$8,876,404.88, a decrease compared to $34,788,253.77 in the previous year[26]. - The net cash flow from investment activities was -$158,359,441.20, compared to -$60,748,141.15 in the same period last year[26]. - The net cash flow from financing activities was $321,773,112.25, compared to $7,184,354.73 in the same period last year[27]. Shareholder Information - The company reported a total of 4,169 ordinary shares outstanding at the end of the reporting period[12]. - The top shareholder, Liu Fulian, holds 22.44% of the shares, while Liu Fukun holds 14.68%[12]. Future Outlook - The company has not disclosed any new product developments or technological advancements during this reporting period[14]. - There are no significant mergers or acquisitions reported in the current quarter[14]. - The company has not provided specific future guidance or market expansion strategies in the latest report[14]. - The company has indicated plans for market expansion and new product development, although specific details were not disclosed in the report[21].

Financial Performance - The company reported a total revenue of 1.5 billion RMB for the first half of 2021, representing a year-on-year increase of 20%[1] - 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[16] - The company's operating revenue for the first half of 2021 was approximately ¥319.16 million, representing a 28.28% increase compared to ¥248.81 million in the same period last year[21] - Net profit attributable to shareholders for the same period was approximately ¥35.53 million, up 15.75% from ¥30.69 million year-on-year[21] - The company's net cash flow from operating activities was negative at approximately -¥13.06 million, a decline of 158.11% compared to ¥22.47 million in the same period last year[21] - Revenue for the first half of 2021 reached ¥319,161,945.97, representing a 28.28% increase compared to ¥248,806,317.23 in the same period last year[132] - Operating costs increased by 28.76% to ¥230,733,838.29, driven by higher market demand for thermoelectric systems and devices[132] User Growth and Market Expansion - User data indicates a growth in active users by 15%, reaching 2 million active users by the end of June 2021[1] - User data indicates a growing customer base, with active users increasing by 15% compared to the same period last year, reaching 1.2 million users[16] - The company is expanding its market presence in Southeast Asia, targeting a 30% increase in market share by the end of 2022[1] - The company is expanding its market presence, with plans to enter three new regional markets by the end of 2021, which is anticipated to boost sales by an additional RMB 100 million[16] Product Development and Innovation - New product development includes the launch of a next-generation thermoelectric cooling module, expected to enhance efficiency by 25% compared to previous models[1] - New product launches are expected to contribute to growth, with two innovative products scheduled for release in Q3 2021, targeting a market share increase of 5%[16] - The company is focusing on the development of high-performance micro thermoelectric cooling devices, which are critical for applications in various modern industries[29] - The company has developed a range of products including temperature-regulating mattresses, electronic refrigerators, and ice cream machines, focusing on enhancing user comfort and convenience[42] - The company is focusing on new product development, including portable breast milk coolers and constant temperature cabinets, to expand into new consumer segments[58] Research and Development - The company has invested 100 million RMB in R&D for new semiconductor technologies, aiming to reduce production costs by 15%[1] - Research and development investments have increased by 30% year-over-year, totaling RMB 50 million, focusing on enhancing product efficiency and sustainability[16] - Research and development expenses accounted for 5.38% of operating revenue, an increase of 1.42 percentage points compared to 3.96% in the previous year[21] - Total R&D investment amounted to ¥17,169,339.56, representing an increase of 74.18% compared to the previous year, with R&D investment as a percentage of operating income rising from 3.96% to 5.38%[76] - The increase in R&D investment is attributed to the acceleration of projects related to new high-performance semiconductor thermoelectric devices and systems, as well as new semiconductor cooling products[77] Strategic Acquisitions and Partnerships - A strategic acquisition of a local competitor is in progress, which is anticipated to add 500 million RMB in annual revenue[1] - The company is exploring potential mergers and acquisitions to enhance its technological capabilities, with a budget of RMB 200 million allocated for this purpose[16] - The company has established partnerships with well-known brands in the consumer electronics sector, enhancing its market presence[58] Risk Management - The management highlighted potential risks including supply chain disruptions and increased raw material costs, which could impact profit margins[1] - The company faced risks from the COVID-19 pandemic, which affected order fulfillment and customer engagement, potentially leading to significant performance declines if the situation worsens[121] - The company is exposed to raw material price volatility, which could negatively impact profitability if prices rise and adjustments are not made[126] - The company faces risks related to core technology leakage and talent shortages, which could weaken its competitive advantage in the semiconductor thermoelectric technology sector[127][128] Corporate Governance and Compliance - No significant changes in corporate governance or special arrangements have been reported during this period[1] - The company has achieved compliance with international standards, including CE and RoHS certifications, which will facilitate entry into European markets[16] - The company has implemented a strict management system across various stages, ensuring product quality and reliability through regular assessments and improvements[112][114] Environmental and Social Responsibility - The company has maintained a strong focus on environmental protection, with no significant pollution issues reported in its production processes[150] - The company has committed to donate 1.5 million RMB to local education over three years to support rural education development[152] - The company has successfully absorbed 166 rural employees and 13 disabled individuals during the reporting period, contributing to poverty alleviation efforts[152]

Financial Performance - Operating revenue reached CNY 142,548,289.12, a 59.12% increase year-on-year [7] - Net profit attributable to shareholders was CNY 12,736,652.56, up 88.97% from the same period last year [7] - The net profit after deducting non-recurring gains and losses was CNY 11,970,979.01, reflecting a 91.14% increase year-on-year [7] - Basic and diluted earnings per share were both CNY 0.1925, an increase of 89.10% compared to the previous year [5] - Total operating revenue for Q1 2021 was ¥142,548,289.12, a 59.2% increase from ¥89,585,125.99 in Q1 2020 [26] - Net profit for Q1 2021 reached ¥12,852,384.27, representing a 92.5% increase compared to ¥6,682,616.69 in Q1 2020 [28] - Basic and diluted earnings per share for Q1 2021 were both ¥0.1925, compared to ¥0.1018 in Q1 2020 [28] Assets and Liabilities - Total assets increased by 61.34% to CNY 804,233,237.09 compared to the end of the previous year [5] - The company’s total liabilities and equity reached ¥804.23 million, consistent with the total assets reported [20] - Total liabilities decreased to ¥133.00 million from ¥147.66 million, a reduction of 10.0% [20] - Shareholders' equity increased to ¥671.23 million from ¥350.81 million, reflecting an increase of 91.5% [20] - Current assets totaled ¥674.61 million, a significant increase from ¥371.72 million, reflecting a growth of 81.5% [19] - The total number of shareholders reached 23,495 by the end of the reporting period [12] Cash Flow - The company reported a net cash flow from operating activities of -CNY 24,397,051.57, a decline of 361.24% compared to the previous year [5] - Cash inflow from operating activities in Q1 2021 was ¥128,647,233.17, up from ¥106,883,034.12 in Q1 2020, indicating a growth of about 20.4% [33] - Net cash flow from operating activities for Q1 2021 was -¥24,397,051.57, a decline from ¥9,339,018.40 in Q1 2020 [34] - Cash inflow from financing activities in Q1 2021 was ¥321,695,204.00, with a net cash flow from financing activities of ¥320,149,280.24 [34] Research and Development - Research and development expenses accounted for 5.82% of operating revenue, a decrease of 0.23 percentage points [7] - Research and development expenses rose by 52.95% to RMB 8,289,634.32 from RMB 5,419,807.09 in Q1 2020, driven by increased personnel costs and material expenses [15] - Research and development expenses for Q1 2021 were ¥8,289,634.32, up 53.5% from ¥5,419,807.09 in Q1 2020 [26] Investment and Income - The investment income for Q1 2021 was RMB 704,208.97, a significant recovery from a loss of RMB 129,466.23 in Q1 2020 [16] - The company reported an investment income of ¥704,208.97 in Q1 2021, compared to a loss of ¥129,466.23 in Q1 2020 [26] Expenses - The company's management expenses increased by 76.78% to RMB 9,688,715.29, primarily due to costs associated with the initial public offering and increased personnel salaries [15] - Total operating costs for Q1 2021 were ¥128,686,522.59, up 53.6% from ¥83,753,767.38 in Q1 2020 [26] Comprehensive Income - Total comprehensive income for Q1 2021 was ¥9,218,430.69, compared to ¥5,376,337.39 in Q1 2020, representing an increase of approximately 71.5% [31]