Market Position and Product Development - The company is the largest PCB plating equipment manufacturer globally and in China, holding over 50% market share in vertical continuous plating equipment[8] - The company's vertical continuous plating equipment accounts for 20.0% of the Chinese market and 14.4% of the global market, ranking first in both[8] - The company has completed the design and initial testing of a PCB large-size vertical continuous electroplating line, with a total investment of $5 million and $2.01 million invested this period[4] - The company is developing a high aspect ratio PCB filling technology with a total investment of $8.9 million, currently in the early preparation stage[6] - The company has invested $12 million in the development of composite copper foil non-contact electroplating technology, currently in the early preparation stage[6] - The company has successfully delivered and passed acceptance for an environmentally friendly intelligent high-speed continuous rolling plating line, with a total investment of $15 million[2] - The company is the only one globally to achieve large-scale production of new energy coating equipment, continuously upgrading its devices to maintain competitive advantage[46] - The third-generation photovoltaic electroplating equipment, capable of processing 8000 pieces per hour, is set to be delivered to customers in July 2023[46] - The company is actively expanding its application scenarios from power batteries to energy storage and consumer electronics batteries[46] - In 2022, the company launched several new products, including a three-in-one horizontal plating device, which is expected to achieve mass production in 2023, and a ceramic copper plating device for high-end semiconductor products[136] Financial Performance - The total revenue for the reporting period was ¥588,129,155.16, reflecting a year-on-year growth of 27.53%[20] - The company's operating revenue for 2022 reached RMB 1,011,726,965.10, representing a year-on-year increase of 25.74% compared to RMB 804,628,678.59 in 2021[196] - The net profit attributable to shareholders of the listed company was RMB 213,297,811.97, an increase of 32.58% from RMB 160,878,175.36 in the previous year[196] - The net profit after deducting non-recurring gains and losses was RMB 200,137,908.97, reflecting a growth of 33.99% compared to RMB 149,373,001.49 in 2021[196] - The net cash flow from operating activities was RMB 129,777,524.90, up 45.87% from RMB 88,970,536.94 in the previous year[196] - The total assets of the company at the end of 2022 were RMB 1,767,688,973.30, an increase of 18.45% from RMB 1,492,412,212.05 at the end of 2021[196] - The net assets attributable to shareholders of the listed company increased to RMB 937,936,478.98, a rise of 22.00% from RMB 768,798,667.01 in the previous year[196] Investment and R&D - Total investment in the development of the bilateral conductive ultra-thin roll plating line is $15 million, with $6.92 million invested this period and cumulative investment of $12.97 million[2] - The vertical continuous silicon wafer electroplating machine has a total investment of $12 million, with $2.93 million invested this period and cumulative investment of $10.65 million[2] - The company aims to reduce production costs and improve production efficiency through continuous innovation and product upgrades[9] - R&D expenses grew by 31.93% year-on-year, driven by the need for future development, new product development, and the hiring of high-end R&D personnel[34] - The company has invested $50 million in R&D for new technologies aimed at improving product efficiency[67] - The company is focusing on technological innovation and R&D, with R&D expenses amounting to approximately RMB 8,000,000, significantly contributing to new product development[181] Risks and Challenges - The company faces risks related to customer acquisition due to the customized nature of its products and the long usage cycle of equipment[13] - The company faces risks in new industry market expansion due to macroeconomic fluctuations and changes in related industrial policies[14] - The company is exposed to operational risks from the complex international political and economic environment, including ongoing Sino-U.S. trade tensions[14] Operational Efficiency and Cost Management - Total costs for high-end PCB electroplating equipment amounted to ¥379,327,047.05, accounting for 64.49% of total costs, with a year-on-year increase of 4.70%[20] - The cost for general hardware surface treatment equipment was ¥87,377,193.60, representing 14.86% of total costs, with a year-on-year increase of 47.02%[20] - The cost for new energy specialized equipment reached ¥82,140,640.21, which is 13.97% of total costs, showing a substantial year-on-year increase of 1,135.91%[20] Market Expansion and Strategic Initiatives - The company is expanding its market presence in Southeast Asia, targeting a 15% market penetration by the end of the next fiscal year[67] - A strategic acquisition of a smaller competitor is in progress, which is anticipated to enhance the company's technological capabilities[67] - The company plans to enhance its digital marketing strategy, allocating an additional 10% of its budget to online advertising[67] - The company plans to issue GDRs and list them on the Swiss Stock Exchange, with the proposal approved on December 12, 2022[114] Governance and Remuneration - The company has no significant differences in governance compared to regulations set by the China Securities Regulatory Commission[78] - The company is focused on maintaining independence and operational autonomy without significant influence from controlling shareholders[78] - Total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 12.82 million RMB[90] - The remuneration policy for directors and senior management is based on annual performance and assessment results[90] - The company’s remuneration structure includes basic salary and year-end bonuses for senior management[90] Employee Management and Training - The total number of employees is 1,287, with 802 in production, 114 in sales, 185 in technology, and 22 in finance[122] - The company has implemented a performance-based salary system to enhance employee motivation and align compensation with sales performance[123] - The company has established a comprehensive training program for employees, covering various skill sets and safety training[124]

Group 1: PET Composite Film Material - The PET composite film material is at a stage where it can effectively address safety issues in battery usage and improve energy density [1] - There is a growing interest from lithium battery material companies in PET composite film, with some companies taking action this year [2] - The supply of PET composite film material is currently insufficient, but its application scenarios are expected to increase over time [2] Group 2: Company Strategy and Market Position - The company does not plan to participate in the production and operation of composite film materials but aims to provide better equipment and technical services for enterprises entering the lithium battery film material industry [2] - The company is focusing on high-end equipment research and development to enhance product quality and yield, thereby improving customer service [4] - The PCB industry is expected to maintain a stable growth rate, with the company continuously launching equipment that meets market demands [3] Group 3: Impact of COVID-19 - The company’s main production base in Anhui was not halted during the pandemic, but the supply chain in Suzhou and Wuxi was affected [3] - The company took proactive measures to prepare for resuming operations, and by early May, production had returned to normal [3] Group 4: Market Trends and Future Outlook - The PCB electroplating equipment business is expected to grow due to technological upgrades and new capacity [3] - The company anticipates a steady growth in market share while focusing on high-end equipment development [4]

昆山东威科技股份有限公司 投资者关系活动记录表 | --- | --- | |--------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

昆山东威科技股份有限公司 投资者关系活动记录表 | --- | --- | |--------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------| | | | | 投资者关系活动类别 | □特定对象调研 □分析师会议 | | | □媒体采访 □业绩说明会 | | | □新闻发布会 □路演活动 | | | 现场调研 电话会议 | | | □其他 | | 参与单位及人员名称 1、东北证券研究所 | 刘军、许光坦；信达澳银基金 李 | | | 泽宙；农银汇理基金 刘荫泽；财通资管 周奕涛； | | | 2022 年 6 月 14 日 14:00-15:00 | | | 、东北证券研究所 刘军、许光坦；南方基金 曹群 海、姚万宁、万朝辉、卢玉珊、黄春逢、钟赟、邹寅 隆； 年 6 月 15 日 13:00-14:00 | | | 、 ...

昆山东威科技股份有限公司 投资者关系活动记录表 | --- | --- | |-------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥270,556,532.63, representing a year-on-year increase of 26.07%[9] - The net profit attributable to shareholders for Q3 2022 was ¥52,845,291.86, reflecting a year-on-year growth of 26.87%[9] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was ¥49,705,339.06, up 21.86% year-on-year[9] - The total operating revenue for the first three quarters of 2022 reached RMB 682,327,078.71, an increase of 20.9% compared to RMB 563,983,437.53 in the same period of 2021[31] - The net profit for the first three quarters of 2022 was RMB 145,969,132.48, up 31.5% from RMB 110,950,964.72 in the previous year[31] - The gross profit margin for the first three quarters of 2022 was approximately 22.4%, compared to 22.5% in the same period of 2021[31] - The net profit attributable to the parent company for the first three quarters of 2022 was ¥145,969,132.48, compared to ¥110,950,964.72 in the same period of 2021, representing an increase of approximately 31.5%[34] - Operating profit for the first three quarters of 2022 was approximately ¥102.94 million, slightly up from ¥102.84 million in the previous year, indicating stable performance[43] - Net profit for the first three quarters of 2022 was approximately ¥91.60 million, compared to ¥90.36 million in the same period of 2021, showing a year-on-year increase of about 1.4%[43] Research and Development - The total R&D investment for Q3 2022 was ¥23,018,153.05, an increase of 42.92% compared to the same period last year[13] - R&D investment accounted for 8.51% of operating revenue in Q3 2022, up 1.01 percentage points year-on-year[13] - Research and development expenses for the first three quarters of 2022 were RMB 53,136,791.79, up 27.3% from RMB 41,769,333.14 in the same period last year[31] - The company plans to accelerate new product development and expand market space through multiple new R&D projects[17] - The company plans to continue focusing on research and development to drive future growth and market expansion[43] Assets and Liabilities - The total assets at the end of Q3 2022 were ¥1,606,991,287.52, representing a year-on-year increase of 7.68%[13] - The equity attributable to shareholders at the end of Q3 2022 was ¥870,607,799.49, up 13.24% from the previous year[13] - The total assets as of September 30, 2022, amounted to RMB 1,606,991,287.52, compared to RMB 1,492,412,212.05 at the end of 2021, reflecting a growth of 7.6%[31] - The total liabilities increased slightly to RMB 736,383,488.03 from RMB 723,613,545.04, indicating a growth of 1.1%[31] - The total assets of the company as of September 30, 2022, were ¥1,375,002,288.24, compared to ¥1,242,561,673.28 at the end of 2021, marking an increase of approximately 10.6%[38] - The company's total liabilities increased to ¥658,341,012.38 as of September 30, 2022, from ¥573,337,306.94 in the previous year, representing an increase of approximately 14.8%[38] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥14,724,296.79, showing a decline of 54.09% year-on-year[13] - The company reported cash inflows from operating activities totaled ¥552,457,628.30 in 2022, compared to ¥404,353,958.35 in 2021, indicating a growth of approximately 36.5%[34] - The company reported a net cash flow from operating activities of ¥14,724,296.79 for the first three quarters of 2022, a decrease from ¥32,072,788.94 in the same period of 2021[34] - Cash flow from operating activities showed a net outflow of approximately ¥4.62 million in 2022, contrasting with a net inflow of ¥36.15 million in 2021[43] - Cash flow from investing activities resulted in a net outflow of approximately ¥32.56 million in 2022, compared to a much larger outflow of ¥318.84 million in 2021, indicating improved investment management[43] Inventory and Expenses - The company's inventory increased to RMB 376,900,855.55 from RMB 341,445,919.91, representing a rise of 10.4%[29] - The company’s inventory as of September 30, 2022, was ¥216,372,930.47, compared to ¥158,013,222.28 in the previous year, indicating an increase of approximately 37%[38] - Sales and marketing expenses increased to approximately ¥45.15 million in 2022 from ¥40.63 million in 2021, reflecting a rise of about 11.5%[43] - The company experienced a decrease in credit impairment losses, improving to approximately -¥7.89 million in 2022 from -¥12.88 million in 2021, indicating better credit management[43]

Financial Performance - The company reported a total revenue of 500 million CNY for the first half of 2022, representing a year-on-year increase of 15%[18]. - The company's operating revenue for the first half of 2022 was RMB 411,770,546.08, representing a year-on-year increase of 17.86% compared to RMB 349,374,431.36 in the same period last year[26]. - The net profit attributable to shareholders of the listed company increased by 34.38% year-on-year, reaching RMB 93,123,840.62, up from RMB 69,298,333.41[26]. - The net profit after deducting non-recurring gains and losses grew by 29.39% year-on-year, amounting to RMB 86,073,738.55[26]. - Operating profit reached ¥106,573,823.29, a growth of 39.15% compared to the previous year[75]. - Net profit attributable to the parent company was ¥93,123,840.62, up 34.38% year-on-year, due to revenue growth and cost optimization[75]. - The company reported a net profit for the first half of 2022 of CNY 39,646,541.62, with total profit at CNY 44,949,358.20[102]. Research and Development - Research and development expenses increased by 10% to 50 million CNY, focusing on new technology for PCB manufacturing[18]. - R&D expenses for the first half of 2022 amounted to ¥30,118,638.74, representing a 17.36% increase compared to the same period last year[50]. - The company has a total of 170 patents, including 26 invention patents and 141 utility model patents, with 10 new patent applications filed in the first half of 2022[48]. - The R&D team consists of 177 personnel, accounting for 14.94% of the total workforce, with an average salary of 11.45 million RMB[71]. - The company has initiated multiple new R&D projects to expand market space, leading to increased material consumption and related expenses[51]. Market Expansion - The company plans to launch two new products in Q3 2022, targeting a market expansion of 25% in the next fiscal year[18]. - Market expansion efforts include entering two new international markets by the end of 2022[18]. - The company is focused on expanding its market presence in high-end precision electroplating equipment, particularly in the PCB industry, which is expected to grow significantly due to rising demand in emerging technologies[34]. Financial Position - The company maintains a strong cash position with 200 million CNY in cash reserves, ensuring liquidity for future investments[18]. - The company's net cash flow from operating activities decreased by 191.76%, resulting in a negative cash flow of RMB -40,445,739.17, compared to a positive cash flow of RMB 44,077,826.18 in the previous year[29]. - Cash and cash equivalents at the end of the period were 152,656,945.80, a decrease of 20.05% compared to the previous year[90]. - The company has received multiple honors, including "Jiangsu Province High-tech Enterprise" and "Excellent National Brand Enterprise in the Electronic Circuit Industry"[78]. Environmental Impact - The company does not belong to heavily polluting industries and only generates office wastewater, waste gas, noise, and solid waste, which do not significantly impact the environment[113]. - Wastewater is treated according to the standards of the Taihu region and is discharged into the Zhangjiagang River after meeting the Class A standard[113]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[117]. Shareholder Commitments - The company has committed to not transferring or managing shares for 36 months post-IPO, with specific conditions for share price performance affecting lock-up periods[120]. - The company will repurchase shares at a price not exceeding the audited net asset value per share from the previous fiscal year[129]. - The company guarantees that the public offering of shares does not involve any fraudulent issuance[140]. - Major shareholders, including Liu Jianbo, have committed to not reduce their holdings during the lock-up period and will limit any sales to 25% of their pre-IPO shares annually for two years post-lock-up[154]. Investment Projects - The total amount of raised funds from the initial public offering (IPO) was ¥346,288,000, with a net amount of ¥294,049,940.83 after deducting issuance costs[178]. - The total committed investment amount for the raised funds was ¥570,440,000, with an adjusted total of ¥294,049,940.83[178]. - The total amount of committed investment for the PCB vertical continuous plating equipment expansion project (Phase I) is CNY 303,980,000, with an adjusted total investment of CNY 150,000,000, and cumulative investment of CNY 39,250,831.02, achieving 26.17% of the planned investment progress[179].

Financial Performance - The company's operating revenue for Q1 2022 was ¥194,884,434.24, representing a year-on-year increase of 20.59%[6] - The net profit attributable to shareholders for Q1 2022 was ¥39,468,711.83, reflecting a significant increase of 47.86% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥36,208,579.76, up by 39.40% year-on-year[6] - The basic earnings per share for Q1 2022 was ¥0.27, an increase of 11.72% year-on-year[9] - The total profit for the first quarter of 2022 was 44,439,483.13, compared to 30,084,990.34 in the previous year, reflecting an increase of about 47.8%[30] - The net profit attributable to shareholders of the parent company for the first quarter of 2022 was 39,468,711.83, up from 26,693,672.82 in the same period last year, reflecting a growth of about 48.0%[32] - The company reported a total profit of ¥27,171,135.93 for Q1 2022, compared to ¥24,375,686.49 in Q1 2021, indicating a growth of 3.3%[46] Cash Flow - The net cash flow from operating activities was -¥6,678,512.75, a decrease of 163.50% compared to the previous year[9] - The net cash flow from operating activities for the first quarter of 2022 was -6,678,512.75, a decrease from 10,516,830.49 in the same period last year[34] - The total cash inflow from operating activities for the first quarter of 2022 was 182,755,012.17, compared to 124,670,877.07 in the previous year, marking an increase of approximately 46.5%[34] - The total cash outflow from operating activities for the first quarter of 2022 was 189,433,524.92, compared to 114,154,046.58 in the same period last year, indicating an increase of about 66.0%[34] - The company's cash flow from operating activities showed a net outflow of ¥16,684,373.04, a decline from a net inflow of ¥7,189,403.51 in Q1 2021[51] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,519,347,960.85, an increase of 1.80% from the end of the previous year[9] - Current assets totaled ¥1,332,917,245.55 as of March 31, 2022, slightly up from ¥1,330,872,648.61 at the end of 2021[21] - Total liabilities decreased to ¥711,080,582.01 from ¥723,613,545.04, a reduction of 1.7%[26] - Shareholder equity rose to ¥808,267,378.84 from ¥768,798,667.01, reflecting a growth of 5.1%[26] - Total current assets as of March 31, 2022, amounted to 1,102,539,438.92 RMB, slightly down from 1,103,491,125.36 RMB a year earlier[41] - The total liabilities decreased to 561,335,630.92 RMB from 573,337,306.94 RMB in the previous year[43] - The total assets of the company reached 1,254,852,065.09 RMB, an increase from 1,242,561,673.28 RMB year-over-year[41] Research and Development - Research and development expenses totaled ¥15,169,637.14, accounting for 7.78% of operating revenue, which is a decrease of 0.93 percentage points[9] - Research and development expenses for the first quarter of 2022 amounted to 15,169,637.14, compared to 14,082,833.19 in the first quarter of 2021, showing a rise of about 7.7%[30] - Research and development expenses for Q1 2022 were ¥9,971,685.74, slightly down from ¥10,425,753.62 in Q1 2021[46] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 4,522[14]

Financial Performance - The company reported a net profit of RMB 146,555,177.04 as of December 31, 2021, with a proposed cash dividend of RMB 3.00 per 10 shares, totaling RMB 44,160,000.00, which accounts for 27.45% of the net profit attributable to shareholders[8]. - The total cash dividend for the year represents 54.90% of the net profit attributable to the parent company[8]. - The company has not yet achieved profitability since its listing[5]. - The company's operating revenue for 2021 was approximately ¥804.63 million, representing a year-on-year increase of 45.11%[29]. - Net profit attributable to shareholders for 2021 was approximately ¥160.88 million, up 83.21% year-on-year, while the net profit after deducting non-recurring gains and losses increased by 89.23% to approximately ¥149.37 million[32]. - The company's total assets at the end of 2021 reached approximately ¥1.49 billion, a year-on-year increase of 73.85%[29]. - The net assets attributable to shareholders increased by 114.73% year-on-year, totaling approximately ¥768.80 million at the end of 2021[29]. - The basic earnings per share for 2021 was ¥1.25, reflecting a year-on-year growth of 56.25%[29]. - The company's cash flow from operating activities decreased by 20.73% year-on-year, amounting to approximately ¥88.97 million[32]. - The company reported a total of ¥11.51 million in non-recurring gains for 2021, primarily from government subsidies and asset disposals[36]. Corporate Governance - The company does not have any non-operating fund occupation by controlling shareholders or related parties[12]. - There are no special arrangements in corporate governance that apply to the company[12]. - The company has established a governance structure compliant with relevant laws and regulations, including a board of directors and various specialized committees[167]. - The company has maintained compliance with relevant laws and regulations regarding corporate governance, with no significant discrepancies noted[171]. - There were no reported issues regarding the independence and operational autonomy of the company from its controlling shareholders[171]. - The company has not engaged in any significant competitive activities with its controlling shareholders that could adversely affect its operations[171]. - The company has independent directors serving in various capacities, including positions in other companies, enhancing governance and oversight[189]. - The company has established a clear decision-making process for the remuneration of directors and senior management, requiring board approval[190]. Research and Development - Research and development expenses accounted for 7.50% of operating revenue in 2021, a slight decrease from the previous year[29]. - The company has filed for 31 new patents in 2021, including 8 invention patents, and has a total of 150 patents as of December 31, 2021[82]. - R&D investment in 2021 reached ¥60,368,312.85, a 43.86% increase compared to the previous year, with R&D expenses accounting for 7.50% of operating revenue[85][86]. - The company is developing new technologies for horizontal plating equipment and roll-to-roll vertical continuous nickel-gold equipment aimed at producing materials for new energy vehicle batteries[80]. - The company’s R&D team has expanded to 181 members, an increase of 61 from the previous year, contributing to a significant rise in personnel costs[86]. - The company is focusing on expanding its core technology applications to new energy materials, including lithium battery and photovoltaic equipment[107]. - The company has established a core technology system in vertical continuous electroplating, with several patents and technologies at advanced levels domestically and internationally[105]. - The company is committed to providing high-end precision electroplating equipment and technical services, continuously innovating and expanding into new application areas[164]. Market Expansion and Strategy - The company plans to continue expanding its market presence and optimizing its product structure to maintain high gross and net profit margins[32]. - The company expanded its market presence in PCB plating equipment and hardware surface treatment equipment, enhancing market share[40]. - The company is focused on expanding its market presence and developing new technologies to drive future growth[183]. - The company aims to expand its product range and production capacity, enhancing market competitiveness through investment projects and upgrades to existing production bases[165]. - The company intends to strengthen its marketing team and improve technical service capabilities to better serve its customers[165]. Risks and Challenges - The company has outlined various operational risks and corresponding mitigation measures in the report[5]. - The company's future plans and development strategies are subject to investment risks and do not constitute a commitment to investors[9]. - The company faces risks related to core technology leakage and talent retention, which could impact its competitive position[108]. - The company faces risks from intensified competition as major competitors in mainland China adopt advanced manufacturing technologies[111]. - The overall performance is sensitive to the economic cycle and industry policy changes, which could adversely affect business results[114]. Financial Management - Operating costs increased to RMB 461,594,000.79, reflecting a year-on-year growth of 40.38%[119]. - The proportion of accounts receivable aged within one year was 82.48% as of the end of 2021, indicating potential bad debt risk if customer credit deteriorates[112]. - The company enjoyed a 15% corporate income tax rate from 2019 to 2022, with tax benefits amounting to RMB 1,532.52 million in 2021, accounting for 8.51% of pre-tax profit[112]. - The net cash flow from operating activities decreased by 20.73% year-on-year, primarily due to significant increases in receivables and inventory[118]. - Accounts receivable increased by 48.67% to ¥434,706,150.13 from ¥292,401,524.12 in the previous year, indicating a significant rise in sales revenue[146]. - Inventory rose by 52.47% to ¥341,445,919.91 from ¥223,936,004.86, attributed to increased order volume and expanded production capacity[146]. - Cash and cash equivalents increased by 30.85% to ¥190,931,836.86 from ¥145,916,888.67, primarily due to funds raised from the IPO and sales revenue[146]. Production and Operations - The company produced 201 units of equipment, with a production increase of 27.22% year-on-year[126]. - The company has developed a vertical continuous electroplating technology that has become the mainstream in domestic PCB electroplating equipment, significantly improving efficiency and quality in the industry[76]. - The vertical continuous plating equipment has received multiple accolades, including recognition as a major equipment product in Jiangsu Province[44]. - The vertical continuous plating equipment market in China was approximately 1.341 billion yuan in 2018, with a projected compound annual growth rate (CAGR) of 16.3%, reaching 2.378 billion yuan by 2023[70]. - The company has completed the prototype development of the pure copper anode vertical continuous electroplating line, with a total budget of ¥7,000,000 and a cumulative investment of ¥5,578,094.6[94].

Financial Performance - The company's operating revenue for Q3 2021 was ¥214,609,006.17, representing a year-on-year increase of 17.71%[8] - The net profit attributable to shareholders for Q3 2021 was ¥41,652,631.31, reflecting a year-on-year growth of 24.11%[8] - The total revenue from the beginning of the year to the end of the reporting period reached ¥563,983,437.53, marking a significant increase of 58.19% compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses for the year-to-date was ¥107,311,063.92, up 131.80% year-on-year[12] - Total operating revenue for the first three quarters of 2021 reached ¥563,983,437.53, a significant increase of 58.2% compared to ¥356,533,629.87 in the same period of 2020[37] - Operating profit for the first three quarters of 2021 was ¥124,503,510.08, up 101.0% from ¥61,686,257.62 in the previous year[39] - Net profit for the first three quarters of 2021 was ¥110,950,964.72, representing a 106.8% increase compared to ¥53,632,111.18 in the same period of 2020[39] - Basic and diluted earnings per share for the first three quarters of 2021 were both ¥0.90, compared to ¥0.49 in the same period of 2020[43] Research and Development - Research and development expenses totaled ¥16,105,440.00 in Q3 2021, a substantial increase of 101.52% compared to the same period last year[12] - The company has initiated multiple new R&D projects to expand market space, leading to increased R&D material consumption and costs[16] - Research and development expenses for the first three quarters of 2021 were ¥41,769,333.14, significantly higher than ¥23,082,922.09 in the previous year, indicating a focus on innovation[37] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,385,943,730.43, which is a 61.45% increase from the end of the previous year[12] - The equity attributable to shareholders reached ¥718,871,456.37, reflecting a 100.78% increase year-on-year[12] - Total current assets as of September 30, 2021, amounted to RMB 1,244,491,312.63, compared to RMB 739,459,642.14 as of December 31, 2020[32] - Total assets as of September 30, 2021, reached RMB 1,385,943,730.43, up from RMB 858,437,959.25 as of December 31, 2020[34] - Total liabilities as of September 30, 2021, were RMB 667,072,274.06, compared to RMB 500,407,408.43 as of December 31, 2020[34] - The company's equity attributable to shareholders as of September 30, 2021, was RMB 718,871,456.37, an increase from RMB 358,030,550.82 as of December 31, 2020[34] Cash Flow - The net cash flow from investing activities increased by 1018.83% from the beginning of the year to the end of the reporting period, mainly due to an increase in the purchase of financial products[27] - The net cash flow from financing activities increased by 1003.71% from the beginning of the year to the end of the reporting period, primarily due to the completion of public issuance of shares on the Sci-Tech Innovation Board in June 2021[27] - Cash flow from operating activities for the first three quarters of 2021 was ¥32,072,788.94, an increase from ¥23,250,222.53 in the previous year[46] - Cash inflow from investment activities totaled ¥263,610,315.25, compared to ¥6,189,650.00 in the same period of 2020[46] - Cash outflow from investment activities was ¥606,764,093.06, resulting in a net cash flow from investment activities of -¥343,153,777.81[46] - The company received cash from investment totaling ¥262,000,000.00 during the first three quarters of 2021[46] - Total cash inflow from financing activities amounted to $313,428,000[48] - Cash outflow from financing activities totaled $60,769,418.49, compared to $27,958,000 in the previous period[48] - Net cash flow from financing activities was $252,658,581.51, a significant increase from -$27,958,000 in the prior period[48] - The net increase in cash and cash equivalents was -$58,597,186.53, compared to -$35,567,264.28 previously[48] - The ending balance of cash and cash equivalents stood at $87,314,198.22, up from $83,163,622.78 in the previous period[48] Accounts Receivable and Payable - Accounts receivable increased by 40.42% from the beginning of the year to the end of the reporting period, mainly due to an increase in sales orders and revenue[24] - The increase in notes payable was 92.49% from the beginning of the year to the end of the reporting period, mainly due to an increase in procurement payments settled by notes[27] - The company's cash and cash equivalents decreased from RMB 145,916,888.67 at the end of 2020 to RMB 87,314,198.22 by September 30, 2021[28]