Financial Performance - Operating revenue reached CNY 178,265,618.78, representing a 128.07% increase year-on-year[11] - Net profit attributable to shareholders was CNY 62,440,580.64, up 251.55% from the same period last year[11] - Basic earnings per share increased by 163.7% to CNY 0.7571[11] - Revenue for the quarter reached ¥178,265,618.78, a 128.07% increase compared to ¥78,161,486.27 in the same period last year, driven by increased business volume and sales[26] - Net profit surged by 251.55% to ¥62,440,580.64 from ¥17,761,310.42, attributed to higher sales volume and revenue growth[26] - Operating profit for Q1 2021 was ¥68,934,193.82, up from ¥20,673,832.19 in Q1 2020, reflecting a growth of 233.5%[49] - Net profit for Q1 2021 was ¥62,440,580.64, compared to ¥17,761,310.42 in Q1 2020, representing an increase of 251.5%[49] - The total comprehensive income for Q1 2021 was RMB 64,192,946.89, compared to RMB 19,705,904.13 in Q1 2020, reflecting overall growth[56] Cash Flow - Cash flow from operating activities surged by 386.04% to CNY 45,476,808.70[11] - The company reported a net cash flow from operating activities of ¥45,476,808.70, a 386.04% increase from ¥9,356,556.26, due to improved collection of receivables[26] - The net cash flow from operating activities was RMB 45,476,808.70, compared to RMB 9,356,556.26 in Q1 2020, indicating a strong improvement[58] - Net cash flow from operating activities was -$255,169,743.45, compared to a positive cash flow of $4,265,206.87 previously, reflecting a decline in operational efficiency[63] Assets and Liabilities - Total assets increased by 4.15% to CNY 2,529,048,054.40 compared to the end of the previous year[11] - The total liabilities increased significantly, with accounts payable rising by 65.46% to ¥71,835,069.10 from ¥43,416,188.54, driven by increased sales[23] - Total liabilities amounted to ¥174,154,431.22, up from ¥136,249,396.11, indicating a growth of around 28%[37] - Current liabilities increased to ¥171,718,262.84 from ¥133,774,013.76, a rise of approximately 28.37%[37] - Total assets increased to ¥2,531,493,557.81 in Q1 2021 from ¥2,430,520,458.20 in Q1 2020, marking a growth of 4.2%[45] - Total liabilities rose to ¥171,448,542.14 in Q1 2021, up from ¥134,668,389.42 in Q1 2020, indicating a growth of 27.3%[45] Research and Development - R&D expenditure accounted for 17.15% of operating revenue, a decrease of 2.48 percentage points compared to the previous year[11] - Research and development expenses increased by 99.20% to ¥30,564,686.33 from ¥15,343,462.94, indicating a rise in investment in R&D activities[26] - Research and development expenses for Q1 2021 totaled ¥30,564,686.33, which is 99.5% higher than ¥15,343,462.94 in Q1 2020[47] - Research and development expenses increased to RMB 27,860,502.47, representing a 89.8% rise from RMB 14,688,116.79 in Q1 2020[53] Shareholder Information - The total number of shareholders at the end of the reporting period was 2,870[12] - The top shareholder, Lu Zhiling, held 24,570,000 shares, representing 29.79% of the total shares[18] - The company's equity attributable to shareholders reached ¥2,354,893,623.18, compared to ¥2,292,056,076.60, an increase of about 2.74%[37] - Shareholders' equity increased to ¥2,360,045,015.67 in Q1 2021, compared to ¥2,295,852,068.78 in Q1 2020, reflecting a growth of 2.8%[45] Investment Activities - The company reported an investment cash outflow of RMB 781,288,565.28, significantly higher than RMB 77,306,597.01 in Q1 2020, indicating aggressive investment strategies[60] - Total cash outflow from investment activities reached $871,604,578.40, a sharp increase from $77,306,597.01, indicating aggressive investment strategies[63] - Cash inflow from investment activities amounted to $122,259,694.91, up from $75,751,365.16, showing improved investment recovery[63] - Net cash flow from investment activities was -$749,344,883.49, compared to -$1,555,231.85 previously, suggesting a reduction in investment losses[63] Market and Future Outlook - The company has not disclosed any new product developments or market expansion strategies in this report[11] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[59]

Dividend Distribution - The company plans to distribute a cash dividend of RMB 10 per 10 shares, totaling RMB 82,475,670 (including tax), which represents 33.78% of the net profit attributable to shareholders for the year [6]. - The proposed cash dividend distribution accounts for 17.64% of the total undistributed profits of RMB 467,633,441.93 as of December 31, 2020 [6]. - The cash dividend for 2020 represents 33.78% of the net profit attributable to shareholders, and 17.64% of the total undistributed profits as of December 31, 2020, which amounted to RMB 467,633,441.93 [147]. - In 2019, the company distributed cash dividends twice, totaling RMB 150,000,000, which accounted for 24.22% and 48.44% of the net profit for that year [148]. - The company has established a clear cash dividend policy in accordance with relevant regulations, ensuring compliance with legal requirements and internal governance [146]. - No capital reserve fund conversion or stock dividends are planned for the year 2020, focusing solely on cash dividends [147]. - The company’s profit distribution plan is subject to approval at the shareholders' meeting, which must be completed within two months after the meeting [147]. - The company has a long-term commitment to maintain transparency and compliance with its profit distribution policies and shareholder commitments [150]. Financial Performance - The company's operating revenue for 2020 was CNY 642,427,321.77, representing a year-on-year increase of 22.46% [22]. - The net profit attributable to shareholders for 2020 was CNY 244,165,540.43, an increase of 18.27% compared to the previous year [24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 231,039,059.11, up 12.29% year-on-year [24]. - Basic and diluted earnings per share for 2020 were CNY 3.9473, reflecting a 14.72% increase from the previous year [23]. - The company's total assets at the end of 2020 were CNY 2,428,305,472.71, a 275.99% increase compared to the end of 2019 [22]. - The net assets attributable to shareholders at the end of 2020 were CNY 2,292,056,076.60, up 306.73% from the previous year [22]. - The company's total revenue for 2020 was approximately ¥642.43 million, reflecting a growth of 22.46% from ¥524.62 million in 2019 [58]. - The company's operating cost for 2020 was CNY 167.43 million, up 20.85% year-on-year [100]. - The gross margin for the company's main business in 2020 was 73.94%, an increase of 0.35% from the previous year [100]. Research and Development - Research and development expenses accounted for 11.90% of operating revenue, an increase of 0.81 percentage points from 2019 [23]. - The total R&D investment for 2020 was approximately ¥76.44 million, an increase of 31.38% compared to ¥58.18 million in the previous year [58]. - The company applied for 96 new patents in 2020, including 5 invention patents and 37 utility model patents, bringing the total patents held to 176 [55]. - The number of R&D personnel increased by 64.37% to 549 by the end of 2020, contributing to the rise in R&D expenses [59]. - The company has established a comprehensive product system in machine vision, covering key components such as light sources, lenses, and vision control systems [76]. - The company emphasizes the importance of technical service and support in the sales process due to the relatively short history of machine vision in China [40]. - The company is focused on expanding its business layout in new energy, semiconductors, and photovoltaics to provide new growth points for future performance [85]. Market Position and Strategy - The company ranks among the top five in the domestic machine vision industry, being the only one focused on the production and sales of core machine vision hardware and software [47]. - The company has a stable customer base, with products applied in production lines of major clients such as Huawei, Google, and BYD [46]. - The company aims to become a world-class vision enterprise, leveraging its technological advantages to drive sales and market expansion [35]. - The penetration of machine vision technology is expected to increase significantly due to the promotion of intelligent manufacturing in China, driven by the "Made in China 2025" strategy [50]. - The company is the only one among the top five in the machine vision industry that focuses on the production and sales of core software and hardware [135]. Risk Management - The company has identified and described various risk factors in the report, urging investors to pay attention to these risks [4]. - The company faces risks from increased competition in the machine vision industry, which may lead to price declines and margin pressures [91]. - The reliance on the 3C electronics sector for over 70% of revenue poses a risk if market conditions deteriorate [92]. Corporate Governance - The board of directors and senior management confirm the accuracy and completeness of the annual report, assuming legal responsibility for any misstatements [4]. - The company has committed to improving its corporate governance structure to enhance operational efficiency and competitive strength [143]. - The company emphasizes adherence to commitments regarding share transfers and reductions, with any violations resulting in profits being returned to the company [165]. Audit and Compliance - The company has received a standard unqualified audit report from Tianzhi International Accounting Firm [5]. - The company has not faced any issues with a majority of directors being unable to ensure the authenticity of the annual report [8]. - The company has taken measures to ensure that any related guarantees are disclosed and approved according to legal requirements [194].