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]

Financial Performance - As of June 30, 2021, the company's distributable profit amounted to RMB 126,287,410.85, with a proposed cash dividend of RMB 3.00 per 10 shares, totaling RMB 44,160,000.00, which represents 63.72% of the net profit attributable to shareholders[7]. - The company's operating revenue for the first half of 2021 reached ¥349,374,431.36, representing a year-on-year increase of 100.53%[29]. - Net profit attributable to shareholders increased by 245.25% year-on-year, amounting to ¥69,298,333.41, primarily due to a low base from the previous year impacted by COVID-19[30]. - The net cash flow from operating activities surged by 658.01% to ¥44,077,826.18, driven by significant revenue growth and improved collection efforts[33]. - The company's total assets at the end of the reporting period were ¥1,338,504,777.40, reflecting a year-on-year increase of 55.92%[29]. - The net assets attributable to shareholders grew by 101.49% year-on-year, totaling ¥721,378,825.06, bolstered by funds raised from the IPO[33]. - Basic earnings per share rose by 250.00% to ¥0.63, influenced by the low profit base from the previous year[29]. - The company achieved total revenue of RMB 349,374,431.36, a year-on-year increase of 100.53%[71]. - Operating costs rose to RMB 200,575,927.24, reflecting a 93.11% increase compared to the previous year[71]. - The net profit attributable to the parent company reached RMB 69,298,333.41, a significant increase of 245.25% year-on-year[71]. Research and Development - The company's R&D investment as a percentage of operating revenue was 7.35%, a decrease of 1.31 percentage points compared to the previous year[29]. - The company increased its R&D investment to ¥25,663,893.14 in the first half of 2021, representing a 70.06% increase compared to the same period last year[47]. - R&D expenses accounted for 7.35% of total revenue, a decrease of 1.31% from the previous year[50]. - The company applied for 21 new patents in the first half of 2021, including 4 invention patents, and obtained 13 patents during the same period[46]. - The company is focusing on the development of high-end PCB electroplating equipment and expanding the application of its vertical continuous core technology in new energy battery materials and photovoltaic equipment[45]. - The company has achieved significant progress in R&D projects, including the development of a high-speed continuous rolling plating line, which is currently in the design phase[55]. - The company is actively addressing industry pain points through the development of environmentally friendly and efficient continuous plating lines and other innovative technologies[45]. - The company has established a technology innovation incentive mechanism to encourage R&D and the application of technological achievements[69]. - The company is committed to increasing investment in high-end talent and improving its R&D capabilities to strengthen its core competitiveness[69]. Market Expansion and Product Development - The company is focused on expanding its market presence and developing new technologies, although specific details are not provided in the report[10]. - The PCB industry in China is expected to grow rapidly, driven by demand from emerging fields such as 5G and artificial intelligence, which will benefit the company's market expansion[39]. - The company has successfully exported its products to Japan, South Korea, Europe, and Southeast Asia, gaining high recognition from foreign clients[41]. - The company is focusing on market expansion through the development of new technologies and products, including a new type of conveying temporary storage machine with a cost of 1,500,000.00 RMB[60]. - The company plans to enter three new international markets by Q3 2021, which is anticipated to increase market share by 10%[147]. Corporate Governance and Compliance - The board of directors has approved the profit distribution plan, which is subject to the shareholders' meeting[8]. - The company has a commitment to corporate governance and transparency, ensuring all board members attended the meeting[6]. - The financial report has been confirmed by the company's responsible persons to be true, accurate, and complete[6]. - The company does not plan to issue bonus shares or increase capital through reserves[7]. - The company does not belong to heavily polluting industries and has minimal environmental impact from its operations[109]. - The company has implemented measures to strengthen workshop ventilation to meet the requirements for non-organized emissions during the welding process, where the workload is relatively low[110]. - The company will publicly disclose reasons for not executing the share price stabilization measures if applicable[131]. - The company committed to strictly adhere to all public commitments made during the initial public offering and listing on the Sci-Tech Innovation Board, actively accepting social supervision[139]. Risks and Challenges - The report includes a detailed discussion of various risks faced by the company and corresponding countermeasures[5]. - The company faces risks related to talent retention, as the industry is highly competitive and requires specialized expertise[76]. - There is a risk of needing to continuously acquire new customers, as the company's products are customized and have long usage cycles[77]. - Management risks may arise if the company's management mechanisms do not adapt to the growing scale of operations[77]. Shareholder Information - The company has a total share capital of 147,200,000 shares as of June 30, 2021[7]. - The total number of ordinary shareholders at the end of the reporting period is 8,183[176]. - The largest shareholder, Liu Jianbo, holds 47,600,000 shares, representing 32.34% of the total shares[177]. - The second-largest shareholder, Xiao Zhiguo, holds 8,139,909 shares, accounting for 5.53%[177]. - The total number of shares with limited sale conditions is 113,729,928[173]. - The top ten shareholders collectively hold 50% of the total shares[177]. Environmental and Social Responsibility - Solid waste primarily consists of metal and plastic scraps, which are collected for resale, while domestic waste is handled by sanitation departments[110]. - Noise levels from production equipment range from 65-85 dB(A), and after noise reduction measures, the noise level at the company boundary can meet the Class 3 standard of the Industrial Enterprise Factory Boundary Environmental Noise Emission Standard (GB12348-2008)[110].