Financial Performance - The company reported a revenue of RMB 500 million for the first half of 2021, representing a year-on-year increase of 20%[14]. - The company's operating revenue for the first half of the year reached ¥319,182,002.97, representing a 59.35% increase compared to ¥200,303,290.93 in the same period last year[22]. - The net profit attributable to shareholders was ¥53,785,919.10, up 20.84% from ¥44,510,419.27 year-on-year[22]. - The company reported a net profit of RMB 500 million for the first half of 2021, representing a year-on-year increase of 20%[108]. - The company reported a total revenue of 10,181.40 million RMB for the first half of 2021, with a net profit of 2,802.72 million RMB, reflecting a significant increase compared to the previous period[56]. - The basic earnings per share decreased by 8.82% to ¥0.31 from ¥0.34 year-on-year[23]. - The weighted average return on equity fell to 4.03%, down 4.11 percentage points from 8.14% in the previous year[23]. - The company reported a total revenue of 71,259.62 million RMB for the first half of 2021, with a decrease of 42,982.22 million RMB compared to the previous period[135]. Research and Development - R&D investment increased by 30% compared to the previous year, focusing on advanced manufacturing technologies[14]. - Research and development expenses accounted for 8.78% of operating revenue, an increase of 1.66 percentage points compared to 7.12% in the same period last year[23]. - The total R&D investment for the period was approximately ¥28.03 million, representing a 96.53% increase compared to the previous period[49]. - The company has seen a significant increase in R&D personnel costs, contributing to the rise in total R&D expenditure[50]. - The company is currently working on several projects, including improving the stability of composite machining, with a total expected investment of ¥12.14 million[52]. - The company has developed a total of 11 core technologies, including high-precision metal forming and injection molding techniques, which are crucial for its long-term quality development[46]. - The company is actively pursuing new product development and technological advancements to meet the growing demands of the photovoltaic and automotive industries[61]. Market Expansion and Strategy - The company aims to expand its market presence in Southeast Asia, with a target of entering three new countries by the end of 2021[14]. - Future outlook indicates a projected revenue growth of 25% for the second half of 2021, driven by market expansion and new product introductions[14]. - The company plans to expand its market presence by developing innovative products and technologies to meet industry demands[54]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 300 million yuan allocated for potential mergers[106]. - The company plans to invest 11,987.97 million RMB from raised funds to establish a wholly-owned subsidiary for new projects[135]. - The company is focused on enhancing its operational efficiency and exploring potential mergers and acquisitions to drive growth[145]. Sustainability and Environmental Practices - The management highlighted a strategic shift towards sustainable practices, aiming for a 50% reduction in carbon emissions by 2025[14]. - Future guidance indicates a focus on sustainability initiatives, with a target to reduce carbon emissions by 20% by 2025[110]. - The company has committed to various restrictions on share transfers by major shareholders and management to maintain stability post-IPO[96]. - The company does not generate industrial wastewater, and domestic sewage is treated at a sewage treatment plant[93]. - The company employs measures to collect and treat waste gases generated during production, ensuring minimal environmental impact[93]. Shareholder and Governance Matters - The company has established a management committee for the employee stock ownership plan to handle related matters[91]. - The company has committed to not transferring benefits to other entities unfairly and to ensure that management's compensation is linked to the execution of return measures[123]. - The company will disclose the fulfillment of its commitments and any remedial actions in its periodic reports if the commitments are not timely fulfilled[118]. - The company emphasizes the importance of compliance with legal and regulatory requirements in its public offering process[118]. - The company has established a governance structure to protect the rights of shareholders and ensure effective decision-making by the board[120]. Operational Efficiency - The company aims to enhance its manufacturing capabilities through automation and intelligent upgrades, establishing a strong competitive edge in the precision metal parts sector[43]. - The company aims to reduce operational costs by 15% through efficiency improvements and automation technologies[109]. - The company is enhancing the strength and fatigue resistance of multi-strand steel wires, achieving a strength increase of over 2 times compared to single wires[54]. - The company is working on optimizing the cutting process for silicon wafers, aiming to reduce cutting costs and increase yield rates, with a target of achieving a cutting diameter of 40μm[54]. Financial Health and Investments - The company's total assets at the end of the reporting period were ¥1,721,278,445.79, a slight increase of 0.18% from ¥1,718,149,984.72 at the end of the previous year[22]. - The company has a strong focus on enhancing production efficiency and product precision through ongoing R&D efforts[52]. - The company has committed to maintaining and optimizing its profit distribution system to enhance shareholder returns, particularly for minority shareholders[121]. - The company has made a commitment to take measures to mitigate the dilution of immediate returns from the public offering[119]. - The company reported a total equity of 130,000,000.00 at the end of the reporting period[198].

Financial Performance - Operating revenue rose by 95.55% to CNY 156,602,700.28 year-on-year[5] - Net profit attributable to shareholders increased by 31.04% to CNY 23,585,644.22 compared to the same period last year[5] - Basic and diluted earnings per share increased by 7.14% to CNY 0.15[5] - The total operating revenue for Q1 2021 was ¥156,602,700.28, representing an increase of 95.5% compared to ¥80,082,962.91 in Q1 2020[24] - The net profit for Q1 2021 reached ¥25,949,045.52, a 43.1% increase from ¥18,145,926.57 in Q1 2020[25] - The net profit for Q1 2021 was CNY 23,268,159.78, an increase from CNY 18,498,494.34 in Q1 2020, representing a growth of approximately 25.2%[30] - Operating profit for Q1 2021 reached CNY 24,898,136.40, compared to CNY 20,958,996.88 in the same period last year, indicating a year-over-year increase of about 18.5%[30] - The total comprehensive income for Q1 2021 was CNY 23,268,159.78, up from CNY 18,498,494.34 in Q1 2020, reflecting a growth of approximately 25.2%[30] Assets and Liabilities - Total assets increased by 1.06% to CNY 1,736,441,124.40 compared to the end of the previous year[5] - Current assets totaled RMB 1,071,732,797.46, down from RMB 1,107,885,255.61 at the end of 2020, indicating a decrease of about 3.3%[17] - Total liabilities decreased to RMB 382,822,677.82 from RMB 390,480,583.66, a reduction of about 2.0%[18] - Non-current assets totaled RMB 664,708,326.94, up from RMB 610,264,729.11, indicating an increase of about 8.9%[17] - The total liabilities as of the end of Q1 2021 were ¥349,648,686.07, a decrease from ¥366,515,078.01 at the end of Q1 2020[22] - The total equity increased to ¥1,334,712,514.47 in Q1 2021, compared to ¥1,311,444,354.69 in Q1 2020[22] Cash Flow - Cash flow from operating activities decreased by 25.53% to CNY 26,154,978.55 compared to the previous year[5] - The company reported a net cash flow from operating activities of ¥26.15 million, a decrease of 25.53% from ¥35.12 million in the previous period[12] - Cash flow from operating activities generated a net amount of CNY 26,154,978.55, down from CNY 35,120,043.71 in Q1 2020, reflecting a decrease of approximately 25.5%[34] - The company incurred a cash outflow of CNY 100,779,520.66 for investment activities in Q1 2021, significantly higher than CNY 26,384,730.88 in the same period last year[35] - Cash inflow from financing activities was CNY 7,990,000 in Q1 2021, a decrease from CNY 55,000,000 in Q1 2020, indicating a decline of approximately 85.5%[35] Research and Development - R&D investment as a percentage of operating revenue increased by 1.92 percentage points to 10.90%[5] - Research and development expenses rose by 137.36% to ¥17.07 million, driven by talent acquisition and investment in materials and equipment[11] - Research and development expenses for Q1 2021 totaled ¥17,066,762.06, which is a 136.5% increase from ¥7,190,213.98 in Q1 2020[24] Shareholder Information - The total number of shareholders reached 11,553 at the end of the reporting period[8] - The largest shareholder, WINWIN OVERSEAS GROUP LIMITED, holds 48.10% of the shares[9] Government Subsidies and Other Income - The company received government subsidies amounting to CNY 2,011,779.00 related to its normal business operations[6] - Other income surged by 524.10% to ¥1.96 million, primarily from government subsidies[12]

Financial Performance - The company's operating revenue for 2020 was ¥516,950,211.02, representing a 16.63% increase compared to ¥443,222,365.69 in 2019[26]. - The net profit attributable to shareholders for 2020 was ¥111,559,341.41, which is a 3.91% increase from ¥107,358,821.39 in 2019[26]. - The cash flow from operating activities increased by 78.71% to ¥143,334,918.46 in 2020, up from ¥80,204,435.66 in 2019[26]. - The total assets at the end of 2020 reached ¥1,718,149,984.72, a 110.38% increase from ¥816,694,451.49 at the end of 2019[26]. - The total net assets attributable to shareholders increased by 147.98% to ¥1,316,153,789.62 at the end of 2020, compared to ¥530,757,871.12 at the end of 2019[26]. - The company achieved a main business revenue of RMB 511.78 million in 2020, representing a year-on-year growth of 16.26%[75]. - The net profit attributable to the parent company reached RMB 111.56 million, an increase of 3.91% compared to the previous year[75]. - The profit margin for 2020 was 46.62%, up from 36.33% in 2019, indicating improved operational efficiency[141]. Research and Development - The company’s R&D expenditure as a percentage of operating revenue increased to 8.04% in 2020, up from 4.94% in 2019[28]. - The company achieved a significant increase in R&D investment, totaling approximately ¥41.57 million in 2020, representing an 89.90% increase compared to ¥21.89 million in the previous year[57]. - The company applied for 46 new patents during the reporting period, of which 27 were granted, bringing the total granted patents to 102[54]. - The company has developed 11 core technologies, including high-precision metal injection molding and high-stability precision spring forming technology, which are crucial for its long-term quality development[53]. - The company is actively pursuing online detection technologies to improve product quality and production efficiency in ultra-precision machining[51]. - The company plans to enhance its R&D capabilities by increasing investment and establishing a systematic innovation platform, focusing on material application, process development, and product application development[128]. Business Strategy and Market Position - The company focuses on the research, manufacturing, and sales of precision metal components, primarily serving the 3C, automotive, and power tool industries[38]. - The company anticipates no significant changes in its business model or influencing factors in the near future[42]. - The company is committed to the development of both large-scale and micro-scale precision processing equipment to meet the needs of various industries[50]. - The company plans to expand its main business in customized precision metal components, targeting new product development and high-quality customer acquisition in industries such as 5G communications, IoT, new energy vehicles, and medical devices over the next three years[126]. - The company is focused on expanding into new markets and industries while maintaining strong relationships with existing clients[75]. Corporate Governance and Compliance - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[8]. - The company has received a standard unqualified audit report from Zhonghui Certified Public Accountants[5]. - The company has confirmed that all board members attended the board meeting, ensuring accountability for the report's accuracy[5]. - The company has not identified any violations of decision-making procedures regarding external guarantees[8]. - The company has committed to fully disclose related party transactions in accordance with securities supervision laws and regulations, with no undisclosed transactions existing at present[184]. Dividend Policy - The company plans to distribute a cash dividend of RMB 3 per 10 shares, totaling an estimated cash distribution of RMB 52,005,000 based on a total share capital of 173,350,000 shares as of December 31, 2020[6]. - The cash dividend policy stipulates that at least 20% of the distributable profits should be allocated as cash dividends, with higher percentages for mature companies without major capital expenditures[135]. - The company did not propose a cash profit distribution plan for ordinary shares despite having positive distributable profits, which is not applicable for the reporting period[141]. Risk Management - The company has outlined potential risks in its development strategy and future operational plans, advising investors to be cautious[7]. - The company has emphasized the importance of risk factors in its operational analysis, which can impact future performance[4]. Operational Efficiency - The company focuses on high-precision and high-efficiency processing methods, aiming to balance efficiency and precision in ultra-precision machining[50]. - The company is engaged in multiple R&D projects, including a project aimed at enhancing the stability of turning and milling processes, with a total investment of ¥1.21 million[59]. - The company has developed new riveting machines that improve production efficiency and quality stability[60]. Shareholder Commitments - The company has committed to not transferring or entrusting the management of shares held prior to the IPO for 36 months post-listing[143]. - The company will not repurchase shares held prior to the IPO during the first 12 months post-IPO[156]. - The company has established a commitment to uphold these restrictions even in the event of management changes or departures[158].