Financial Performance - Operating revenue rose by 62.32% to CNY 814,760,127.47 compared to the same period last year[11] - Net profit attributable to shareholders increased by 106.87% to CNY 89,461,662.30 compared to the same period last year[11] - Basic earnings per share increased by 86.96% to CNY 2.15 compared to the same period last year[14] - Total operating revenue for Q1 2021 reached ¥814,760,127.47, a 62.1% increase compared to ¥501,954,057.58 in Q1 2020[46] - Net profit for Q1 2021 was ¥89,461,662.30, representing a 106.7% increase from ¥43,246,099.10 in Q1 2020[47] - The total profit for Q1 2021 was ¥105,551,794.40, compared to ¥50,981,114.36 in Q1 2020, marking a 106.5% increase[47] Assets and Liabilities - Total assets increased by 67.90% to CNY 4,164,195,544.19 compared to the end of the previous year[11] - Current assets rose to approximately $3.28 billion, compared to $1.62 billion in the previous year, marking an increase of 102.5%[36] - Total liabilities amounted to approximately $1.73 billion, up from $1.70 billion, indicating a slight increase of 1.3%[36] - The company reported a current liability total of approximately $1.46 billion, slightly up from $1.44 billion, an increase of 2.6%[36] - Total current assets amounted to CNY 1,618,217,975.10, showing a slight decrease of CNY 658,736.94 compared to the previous period[68] - Total liabilities reached CNY 1,698,560,990.09, with a slight increase of CNY 12,289,391.83 compared to the previous period[73] Shareholder Information - Net assets attributable to shareholders increased by 211.52% to CNY 2,435,065,683.10 compared to the end of the previous year[11] - The number of shareholders reached 5,959 by the end of the reporting period[20] - The top shareholder, Zhong Bo, holds 18.76% of the shares, totaling 9,381,110 shares[19] - The company's equity attributable to shareholders surged to approximately $2.44 billion, compared to $781.67 million, an increase of 212.5%[36] Cash Flow - Net cash flow from operating activities increased by 10.84% to CNY 61,370,511.37 compared to the same period last year[11] - The net cash flow from financing activities was RMB 1,618,765,478.85, a significant improvement compared to a negative cash flow of RMB -264,150.94 in the same period last year[25] - Cash inflows from operating activities reached CNY 954,680,055.86, an increase from CNY 713,050,305.30 year-over-year[60] - The net cash flow from investment activities was -CNY 116,351,918.87, compared to -CNY 204,825,279.34 in the previous year[62] - The total cash and cash equivalents at the end of the period increased to CNY 1,902,094,314.06, up from CNY 360,218,779.00 at the beginning of the period[67] Research and Development - Research and development expenses accounted for 5.96% of operating revenue, an increase of 1.67 percentage points compared to the previous year[14] - Research and development expenses surged by 125.49% to RMB 48,548,385.66 from RMB 21,530,184.03, reflecting increased investment in R&D personnel and materials[25] - The company anticipates continued growth in revenue and profitability driven by product innovation and market expansion strategies[25] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[36] Other Financial Metrics - Cash and cash equivalents increased by 283.19% to RMB 2,107,752,586.59 from RMB 550,055,458.09 due to the receipt of raised funds[23] - Fixed assets rose by 127.73% to RMB 317,344,472.46 from RMB 139,348,783.49, primarily due to the completion of construction projects in Yibin Industrial Park[23] - The company reported a significant increase in cash received from sales of goods and services, totaling CNY 941,053,058.18, compared to CNY 706,819,577.22 in the previous year[58]

Financial Performance - The company's operating revenue for 2020 was CNY 2,827,922,350.49, representing a 33.62% increase compared to CNY 2,116,401,961.15 in 2019[28]. - The net profit attributable to shareholders for 2020 was CNY 268,808,045.23, a significant increase of 187.79% from CNY 93,404,808.95 in 2019[28]. - The net profit after deducting non-recurring gains and losses was CNY 247,486,975.82, up 169.48% from CNY 91,838,106.44 in 2019[28]. - The company's total assets reached CNY 2,480,233,673.72 by the end of 2020, an 81.55% increase from CNY 1,366,132,477.60 in 2019[28]. - The net assets attributable to shareholders increased by 36.85% to CNY 781,672,683.63 at the end of 2020, compared to CNY 571,196,644.61 in 2019[28]. - Basic earnings per share for 2020 were CNY 7.17, reflecting a 133.55% increase from CNY 3.07 in 2019[29]. - The weighted average return on net assets for 2020 was 38.92%, an increase of 20.49 percentage points from 18.43% in 2019[29]. - The company's overall gross margin for the reporting period was 32%, up from 23% in 2019 and 18% in 2018, indicating a continuous improvement in profitability[108]. - The net profit attributable to the parent company was 269 million RMB, up 188% year-on-year, with a basic earnings per share of 7.17 RMB, a 134% increase[105]. Dividend Distribution - The company plans to distribute a cash dividend of 16 RMB per 10 shares, totaling 80 million RMB, which represents 52% of the net profit attributable to shareholders for the year[7]. - The total cash dividends for 2020 amount to 140 million RMB, including an interim dividend of 60 million RMB already distributed[7]. - The profit distribution plan requires approval from the 2020 annual general meeting of shareholders[7]. - The company reported a significant increase in revenue, achieving a total of $X million, representing a Y% growth compared to the previous year[196]. Research and Development - R&D investment accounted for 4.92% of operating revenue, an increase of 1.09 percentage points compared to the previous year[31]. - The company reported a 71.56% increase in R&D expenses, totaling approximately ¥139.07 million, compared to ¥81.06 million in the previous year[89]. - The number of R&D personnel increased to 452, accounting for 22.82% of the total workforce, with total R&D compensation amounting to 97.65 million RMB[96]. - The company applied for 395 new patents during the reporting period, with 114 granted, bringing the total to 1,072 applications and 557 granted[88]. - The company is investing in R&D, allocating $F million towards the development of new technologies aimed at enhancing user experience[196]. Market Position and Strategy - The company has maintained its position as the leading brand in the domestic projection equipment industry, achieving a market share of 18.1% in 2020, up from 14.6% in 2019[66]. - The company's market share in China increased from 14.6% in 2019 to 18.1% in 2020, ranking first in the market[107]. - The company plans to continue expanding into European and American markets to increase overseas revenue[107]. - The company plans to maintain its leading position in the projection equipment market in China while actively exploring markets in Europe, North America, and Japan[183]. - The company is focusing on expanding its product offerings in the smart projection segment, enhancing user experience with features like automatic trapezoidal correction and autofocus[180]. Operational Efficiency and Risks - The company faces risks related to core technology leakage and the potential loss of key technical personnel, which could impact its competitive advantage[114][115]. - The semiconductor supply chain remains a concern, as global shortages could affect the availability of core components, impacting production[118]. - Direct material costs accounted for over 90% of operating costs, making the company vulnerable to fluctuations in raw material prices[121]. - The company plans to enhance its enterprise information system and optimize internal control mechanisms to improve operational efficiency[110]. - The company is focused on improving supply chain flexibility and product quality control to better respond to customer demands[184]. Product Development and Innovation - The company launched a series of smart projection products, significantly enhancing usability and image quality[41]. - The integrated product R&D model allows for high efficiency in product development, aligning closely with market demands[42]. - The company has developed advanced automatic six-direction image correction technology, improving user convenience by allowing flexible placement of projection devices without manual adjustments[61]. - The company’s smart projection products integrate IoT, voice recognition, and AI technologies, positioning them as important terminals in the Internet of Things era[59]. - The company has developed a rapid boot technology, reducing projector startup time to under 8 seconds, a significant improvement from the traditional 20-50 seconds[85]. Shareholder Commitments - The actual controller and shareholders committed to not transferring or entrusting the management of their shares for 36 months from the date of the company's stock listing[192]. - If the stock price falls below the issue price for 20 consecutive trading days within 6 months post-listing, the lock-up period will be automatically extended by 6 months[192]. - The company will comply with relevant laws and regulations regarding shareholding changes and commitments during the lock-up period[192]. - The commitments made by shareholders are irrevocable and will remain effective regardless of changes in their positions[192].