Financial Performance - The company's operating revenue for Q1 2023 was ¥853,204,583, representing a decrease of 50.82% compared to the same period last year[6] - The net profit attributable to shareholders was a loss of ¥129,193,711, reflecting a decline of 153.50% year-over-year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥135,411,663, down 157.15% from the previous year[6] - The basic earnings per share for the quarter was -¥0.05, a decrease of 150.00% compared to the same period last year[7] - Total operating revenue for Q1 2023 was ¥853,204,583, a decrease of 50.8% compared to ¥1,734,866,190 in Q1 2022[22] - Net profit for Q1 2023 was a loss of ¥129,193,711, compared to a profit of ¥241,477,602 in Q1 2022, representing a significant decline[24] - The basic earnings per share for Q1 2023 was -¥0.05, compared to ¥0.10 in Q1 2022, showing a decline in profitability[24] Research and Development - The total R&D investment amounted to ¥140,649,399, which is an increase of 35.64% year-over-year, accounting for 16.48% of operating revenue, up 10.50 percentage points[7] - Research and development expenses increased to ¥140,649,399 in Q1 2023, up 35.6% from ¥103,690,316 in Q1 2022[23] Assets and Liabilities - The company's total assets at the end of the quarter were ¥18,688,156,982, an increase of 2.95% from the end of the previous year[7] - The company reported a total asset increase to ¥18,688,156,982 in Q1 2023, compared to ¥18,152,179,905 in Q1 2022, reflecting a growth of 2.9%[19] - Total liabilities rose to ¥10,907,058,260 in Q1 2023, an increase of 6.3% from ¥10,256,768,283 in Q1 2022[19] - The total non-current assets were reported at RMB 1,456,453,777, with a notable investment in construction in progress amounting to RMB 7,923,780,746, up from RMB 7,046,214,655[17] Cash Flow and Management - The company reported a net cash flow from operating activities of -¥18,503,461, primarily due to increased startup and R&D material costs during the reporting period[10] - The company's cash flow statement for Q1 2023 indicates a need for improved cash management strategies[26] - The net cash outflow from operating activities was $18,503,461, worsening from a net outflow of $9,888,766 in the same period last year[27] - The total cash outflow for operating activities was $1,500,820,623, a reduction of 24% from $1,975,665,033 in the previous year[27] Market Conditions and Challenges - The company faced challenges due to geopolitical factors and global inflation, leading to a slowdown in consumer electronics demand and reduced shipment volumes in the mobile phone industry[10] - The increase in management expenses was attributed to higher startup costs, including employee salaries and related expenses during the setup phase[10] Future Outlook - The company is actively exploring new product development and market expansion strategies to enhance growth prospects in the upcoming quarters[16] - Future guidance indicates a cautious optimism regarding revenue growth, driven by ongoing investments in technology and market presence[16] - The company is also considering potential mergers and acquisitions to strengthen its market position and diversify its product offerings[16]

Important Notice The company's board and senior management affirm the truthfulness, accuracy, and completeness of the quarterly report, which includes unaudited financial statements - The company's board of directors and management guarantee the truthfulness, accuracy, and completeness of the quarterly report content[3](index=3&type=chunk) - The financial statements for this quarter are unaudited[3](index=3&type=chunk) I. Key Financial Data This section summarizes the company's Q1 2022 financial performance, noting decreased revenue and net profit, improved gross margin, increased overseas sales, and details non-recurring items [ (I) Key Accounting Data and Financial Indicators](index=1&type=section&id=%28%E4%B8%80%29%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) Q1 2022 saw operating revenue decline by **10.46%** to **RMB 1.735 billion** and net profit by **17.36%** to **RMB 241 million**, impacted by smartphone market and exchange losses, despite a **2.45%** gross margin increase and **65%** overseas sales Key Accounting Data and Financial Indicators for Q1 2022 | Item | Current Period (RMB) | YoY Change (%) | | :--- | :--- | :--- | | Operating Revenue | 1,734,866,190.00 | -10.46 | | Net Profit Attributable to Shareholders of Listed Company | 241,477,602.00 | -17.36 | | Net Profit Attributable to Shareholders of Listed Company After Deducting Non-Recurring Gains and Losses | 236,931,106.00 | -16.17 | | Net Cash Flow from Operating Activities | -9,888,766.00 | -102.64 | | Basic Earnings Per Share (RMB/share) | 0.10 | -23.08 | | Diluted Earnings Per Share (RMB/share) | 0.09 | -30.77 | | Weighted Average Return on Net Assets (%) | 3.15 | Decrease 7.03 percentage points | | Total R&D Investment | 103,690,316.00 | -27.88 | | Proportion of R&D Investment to Operating Revenue (%) | 5.98 | Decrease 1.44 percentage points | | Total Assets (End of Current Period) | 14,731,694,999.00 | 10.73 | | Owners' Equity Attributable to Shareholders of Listed Company (End of Current Period) | 7,800,924,777.00 | 3.33 | - The decrease in operating revenue was primarily due to declining domestic smartphone market shipments and the impact of the pandemic[5](index=5&type=chunk) - Gross profit margin was **33.73%**, an increase of **2.45%** year-over-year, mainly benefiting from the company's high market share in niche segments[6](index=6&type=chunk) - Strong overseas customer demand led to an increase in export sales proportion from **54%** in 2021 to **65%**[6](index=6&type=chunk) - The change in net profit was mainly due to a significant increase in financial expenses, with exchange losses exceeding **RMB 40 million** due to currency fluctuations[6](index=6&type=chunk) [ (II) Non-Recurring Gains and Losses Items and Amounts](index=2&type=section&id=%28%E4%BA%8C%29%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%92%8C%E9%87%91%E9%A2%9D) This section lists the detailed items and amounts of non-recurring gains and losses for Q1 2022, totaling **RMB 4.55 million**, primarily including government subsidies and capital occupation fees, net of income tax impact Non-Recurring Gains and Losses Items and Amounts for Q1 2022 | Item | Current Period Amount (RMB) | | :--- | :--- | | Gains and losses from disposal of non-current assets | -5,252.00 | | Government subsidies recognized in current profit or loss | 757,110.00 | | Capital occupation fees received from non-financial enterprises recognized in current profit or loss | 4,807,658.00 | | Other non-operating income and expenses apart from the above | -15,113.00 | | Less: Income tax impact | 997,907.00 | | Total | 4,546,496.00 | [ (III) Changes and Reasons for Key Accounting Data and Financial Indicators](index=4&type=section&id=%28%E4%B8%89%29%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87%E5%8F%91%E7%94%9F%E5%8F%98%E5%8A%A8%E7%9A%84%E6%83%85%E5%86%B5%E3%80%81%E5%8E%9F%E5%9B%A0) This section explains the significant changes in Q1 2022 net cash flow from operating activities and diluted earnings per share. Net cash flow from operating activities decreased by **102.64%** due to reduced revenue, collections, and increased taxes; diluted EPS decreased by **30.77%** due to lower net profit and increased shares post-listing Changes and Reasons for Key Accounting Data and Financial Indicators | Item Name | Change Ratio (%) | Primary Reason | | :--- | :--- | :--- | | Net cash flow from operating activities | -102.64 | Primarily due to decreased current period revenue, reduced collections, and increased tax payments | | Diluted earnings per share | -30.77 | Primarily due to decreased current period net profit and increased number of shares after listing | II. Shareholder Information This section discloses the total number of common shareholders, the top ten shareholders' holdings (including restricted and unrestricted shares), details on related party relationships and concerted actions among major shareholders, and participation in margin trading and securities lending [ (I) Total Number of Common Shareholders, Preferred Shareholders with Restored Voting Rights, and Top Ten Shareholders' Holdings](index=4&type=section&id=%28%E4%B8%80%29%E6%99%AE%E9%80%9A%E8%82%A1%E8%82%A1%E4%B8%9C%E6%80%BB%E6%95%B0%E5%92%8C%E8%A1%A8%E5%86%B3%E6%9D%83%E6%81%A2%E5%A4%8D%E7%9A%84%E4%BC%98%E5%85%88%E8%82%A1%E8%82%A1%E4%B8%9C%E6%95%B0%E9%87%8F%E5%8F%8A%E5%89%8D%E5%8D%81%E5%90%8D%E8%82%A1%E4%B8%9C%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5%E8%A1%A8) As of the end of the reporting period, the company had **38,132** common shareholders. Among the top ten, Uni-sky Holding Limited was the largest shareholder with a **42.02%** stake, all of which were restricted shares, and the top five shareholders were all foreign legal entities - As of the end of the reporting period, the total number of common shareholders was **38,132**[12](index=12&type=chunk) Top Ten Shareholders' Holdings (Restricted Shares) | Shareholder Name | Shareholder Nature | Number of Shares Held (Shares) | Shareholding Ratio (%) | Number of Restricted Shares Held (Shares) | | :--- | :--- | :--- | :--- | :--- | | Uni－sky Holding Limited | Foreign Legal Entity | 1,050,000,000 | 42.02 | 1,050,000,000 | | Cosmos L.P. | Foreign Legal Entity | 310,599,100 | 12.43 | 310,599,100 | | Keenway International Limited | Foreign Legal Entity | 175,000,000 | 7.00 | 175,000,000 | | Hopefield Holding Limited | Foreign Legal Entity | 175,000,000 | 7.00 | 175,000,000 | | Pacven Walden Ventures V, L.P. | Foreign Legal Entity | 118,709,550 | 4.75 | 118,709,550 | [ Top 10 Unrestricted Shareholders' Holdings](index=5&type=section&id=%E5%89%8D%2010%20%E5%90%8D%E6%97%A0%E9%99%90%E5%94%AE%E6%9D%A1%E4%BB%B6%E8%82%A1%E4%B8%9C%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5) This section lists the top ten shareholders holding unrestricted tradable shares, primarily including various mutual funds managed by fund management companies and some individual investors Top 10 Unrestricted Shareholders' Holdings | Shareholder Name | Number of Unrestricted Tradable Shares Held (Shares) | Type of Share | Number (Shares) | | :--- | :--- | :--- | :--- | | Bank of Communications Co., Ltd. - Wanjia Industry Selection Mixed Securities Investment Fund (LOF) | 16,209,500 | RMB Common Stock | 16,209,500 | | Industrial and Commercial Bank of China Limited - Wanjia Independent Innovation Mixed Securities Investment Fund | 6,000,000 | RMB Common Stock | 6,000,000 | | China Merchants Bank Co., Ltd. - Wanjia Economic New Momentum Mixed Securities Investment Fund | 3,000,000 | RMB Common Stock | 3,000,000 | | Haitong Securities Co., Ltd. | 1,574,912 | RMB Common Stock | 1,574,912 | | CITIC Securities Co., Ltd. | 1,555,329 | RMB Common Stock | 1,555,329 | [ Explanation of Related Party Relationships or Concerted Actions Among Above Shareholders](index=6&type=section&id=%E4%B8%8A%E8%BF%B0%E8%82%A1%E4%B8%9C%E5%85%B3%E8%81%94%E5%85%B3%E7%B3%BB%E6%88%96%E4%B8%80%E8%87%B4%E8%A1%8C%E5%8A%A8%E7%9A%84%E8%AF%B4%E6%98%8E) This section details related party relationships and concerted actions among the top ten shareholders, including Cosmos L.P. being controlled by Uni-sky Holding Limited, and connections between Shanghai Chengyuan Technology Partnership, CEC Walden (Chengdu) Equity Investment Center, and Pacven Walden Ventures V, L.P. through common managing partner LIP-BU TAN. The actual controller, Mr. Zhao Lixin, and his family members also have affiliations with some shareholders - Cosmos L.P. is controlled by Uni-sky Holding Limited and acts in concert[15](index=15&type=chunk) - Shanghai Chengyuan Technology Partnership and CEC Walden (Chengdu) Equity Investment Center are related through Huaxin Original and LIP-BU TAN[15](index=15&type=chunk) - The actual controller of Uni-sky Holding Limited and Cosmos L.P. is Mr. Zhao Lixin[15](index=15&type=chunk) - Mr. Fu Lei, a company director, and his wife, Ms. Zhaohui Wang, indirectly hold shares in some investment centers[15](index=15&type=chunk) [ Explanation of Top 10 Shareholders and Top 10 Unrestricted Shareholders' Participation in Margin Trading, Securities Lending, and Refinancing Business (If Any)](index=6&type=section&id=%E5%89%8D%2010%20%E5%90%8D%E8%82%A1%E4%B8%9C%E5%8F%8A%E5%89%8D%2010%20%E5%90%8D%E6%97%A0%E9%99%90%E5%94%AE%E8%82%A1%E4%B8%9C%E5%8F%82%E4%B8%8E%E8%9E%8D%E8%B5%84%E8%9E%8D%E5%88%B8%E5%8F%8A%E8%BD%AC%E8%9E%8D%E9%80%9A%E4%B8%9A%E5%8A%A1%E6%83%85%E5%86%B5%E8%AF%B4%E6%98%8E%EF%BC%88%E5%A6%82%E6%9C%89%EF%BC%89) This section discloses the participation of some unrestricted shareholders in margin trading and securities lending through investor credit accounts, including Guangdong Lianhua Private Securities Investment Fund Management Co., Ltd., Wu Chunxiang, and Zeng Haichun. The company is unaware of these shareholders' involvement in refinancing business - Guangdong Lianhua Private Securities Investment Fund Management Co., Ltd. - Lianhua Compound Growth Private Securities Investment Fund holds **1,100,380 shares** through a credit securities account[15](index=15&type=chunk) - Wu Chunxiang holds **13,093 shares** through a credit securities account[15](index=15&type=chunk) - Zeng Haichun holds **650,000 shares** through a credit securities account[15](index=15&type=chunk) - The company is unaware of the aforementioned shareholders' participation in refinancing business[15](index=15&type=chunk) III. Other Reminders This section states that, apart from the disclosed information, there are no other significant operating matters requiring investors' special attention during the reporting period - No other significant operating information for the reporting period requires investors' attention[16](index=16&type=chunk) IV. Quarterly Financial Statements This section provides the company's unaudited consolidated financial statements for Q1 2022, including the consolidated balance sheet, income statement, and cash flow statement, comprehensively presenting the company's financial position, operating results, and cash flow [ (I) Type of Audit Opinion](index=6&type=section&id=%28%E4%B8%80%29%E5%AE%A1%E8%AE%A1%E6%84%8F%E8%A7%81%E7%B1%BB%E5%9E%8B) This section explicitly states that the company's Q1 2022 financial statements are unaudited - The financial statements are unaudited[16](index=16&type=chunk) [ (II) Financial Statements](index=7&type=section&id=%28%E4%BA%8C%29%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section details Gekewei Co., Ltd.'s Q1 2022 consolidated balance sheet, income statement, and cash flow statement, providing unaudited financial data reflecting the company's asset-liability structure, profitability, and cash flow during the period [ Consolidated Balance Sheet](index=7&type=section&id=%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of March 31, 2022, total assets reached **RMB 14.732 billion**, a **10.73%** increase from year-end, driven by a **140.18%** surge in construction in progress and a **29.19%** rise in total non-current assets. Total liabilities grew **20.45%** to **RMB 6.931 billion**, mainly due to increased short-term and long-term borrowings Key Consolidated Balance Sheet Data (As of March 31, 2022) | Item | March 31, 2022 (RMB) | December 31, 2021 (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Monetary Funds | 4,163,269,596.00 | 4,510,618,513.00 | -7.70 | | Accounts Receivable | 474,529,636.00 | 317,391,703.00 | 49.50 | | Inventories | 3,693,045,728.00 | 3,484,291,883.00 | 5.99 | | Total Current Assets | 9,066,752,324.00 | 8,918,744,883.00 | 1.66 | | Construction in Progress | 2,989,084,177.00 | 1,244,547,958.00 | 140.18 | | Total Non-Current Assets | 5,664,942,675.00 | 4,384,900,820.00 | 29.19 | | Total Assets | 14,731,694,999.00 | 13,303,645,703.00 | 10.73 | | Short-term Borrowings | 4,204,798,626.00 | 3,252,503,007.00 | 29.28 | | Total Current Liabilities | 6,023,597,006.00 | 4,982,577,334.00 | 20.89 | | Long-term Borrowings | 492,104,233.00 | 352,104,233.00 | 39.77 | | Total Liabilities | 6,930,770,222.00 | 5,753,941,631.00 | 20.45 | | Total Owners' Equity Attributable to Parent Company | 7,800,924,777.00 | 7,549,704,072.00 | 3.33 | [ Consolidated Income Statement](index=9&type=section&id=%E5%90%88%E5%B9%B6%E5%88%A9%E6%B6%A6%E8%A1%A8) In Q1 2022, total operating revenue was **RMB 1.735 billion**, down **10.46%** YoY; net profit attributable to parent company shareholders was **RMB 241 million**, down **17.36%**. Financial expenses surged **1863.08%** to **RMB 74.53 million**, mainly due to exchange losses, significantly impacting net profit Key Consolidated Income Statement Data (Q1 2022) | Item | Q1 2022 (RMB) | Q1 2021 (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 1,734,866,190.00 | 1,937,566,596.00 | -10.46 | | Operating Costs | 1,149,755,181.00 | 1,331,646,738.00 | -13.66 | | Selling Expenses | 31,212,792.00 | 30,441,001.00 | 2.54 | | Administrative Expenses | 44,207,047.00 | 21,251,203.00 | 108.02 | | R&D Expenses | 103,690,316.00 | 143,782,050.00 | -27.88 | | Financial Expenses | 74,532,895.00 | 3,795,502.00 | 1863.08 | | Operating Profit | 292,173,694.00 | 390,916,590.00 | -25.30 | | Total Profit | 292,156,928.00 | 390,034,121.00 | -25.10 | | Income Tax Expense | 50,679,326.00 | 97,836,891.00 | -48.20 | | Net Profit | 241,477,602.00 | 292,197,230.00 | -17.36 | | Net Profit Attributable to Parent Company Shareholders | 241,477,602.00 | 292,197,230.00 | -17.36 | | Basic Earnings Per Share (RMB/share) | 0.10 | 0.13 | -23.08 | | Diluted Earnings Per Share (RMB/share) | 0.09 | 0.13 | -30.77 | [ Consolidated Cash Flow Statement](index=11&type=section&id=%E5%90%88%E5%B9%B6%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) In Q1 2022, net cash flow from operating activities was **-RMB 9.89 million**, down **102.64%** YoY due to reduced collections and increased taxes. Net cash flow from investing activities was **-RMB 1.704 billion**, down **2333.6%**, reflecting significant investments. Net cash flow from financing activities was **RMB 1.046 billion**, up **284.77%**, driven by increased borrowings Key Consolidated Cash Flow Statement Data (Q1 2022) | Item | Q1 2022 (RMB) | Q1 2021 (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -9,888,766.00 | 373,916,672.00 | -102.64 | | Net Cash Flow from Investing Activities | -1,704,433,373.00 | -70,033,839.00 | -2333.60 | | Net Cash Flow from Financing Activities | 1,046,237,093.00 | 271,912,662.00 | 284.77 | | Net Increase in Cash and Cash Equivalents | -670,038,144.00 | 579,528,155.00 | -215.69 | | Cash and Cash Equivalents at End of Period | 2,915,902,893.00 | 1,953,243,825.00 | 49.29 | - The decrease in net cash flow from operating activities was primarily due to reduced current period revenue, lower collections, and increased tax payments[11](index=11&type=chunk)

Financial Performance - The company reported a net profit attributable to shareholders of 1,258,447,129 yuan for the year 2021[6]. - The company reported a revenue of RMB 1.2 billion for the fiscal year 2021, representing a year-over-year growth of 25%[17]. - The company's operating revenue for 2021 was RMB 7,000,561,264, representing an 8.44% increase compared to 2020[24]. - The net profit attributable to shareholders for 2021 was RMB 1,258,447,129, a significant increase of 62.75% year-on-year[24]. - The net cash flow from operating activities for 2021 was RMB 439,414,067, primarily due to increased revenue and cash receipts[24]. - The total assets at the end of 2021 reached RMB 13,303,645,703, a 132.74% increase from the beginning of the year[26]. - The net assets attributable to shareholders at the end of 2021 were RMB 7,549,704,072, reflecting a 177.66% increase year-on-year[26]. - Basic earnings per share for 2021 were RMB 0.54, up 45.95% from the previous year[27]. - The company achieved an annual revenue of 7,000.56 million RMB, representing a year-on-year growth of 8.44%[33]. - The net profit attributable to shareholders reached 1,258.45 million RMB, an increase of 62.75% compared to the previous year[33]. Future Projections - The company expects a revenue growth of 30% for the next fiscal year, projecting revenues to reach RMB 1.56 billion[17]. - The company provided guidance for 2022, projecting revenue growth of 20% to 1.8 billion[112]. - The company plans to enhance its supply chain efficiency, aiming for a 10% reduction in operational costs by 2023[112]. - The company plans to increase R&D investment to develop new products and technologies that meet evolving market demands[54]. Research and Development - Research and development expenses increased by 15% to RMB 180 million, focusing on advanced display technologies[17]. - The company achieved a total R&D investment of ¥520,290,957 in 2021, a decrease of 12.56% compared to ¥595,034,434 in the previous year[49]. - The company filed 162 new intellectual property applications during the reporting period, including 145 invention patents, with a total of 64 applications granted[48]. - The company is developing a back-illuminated sub-micron high pixel CMOS image sensor chip with an estimated total investment of ¥34,750,000, of which ¥14,652,000 has been invested so far[50]. - The company is committed to increasing R&D investment to support the development of high-end CIS products, capitalizing on market growth opportunities[94]. Market Expansion - The user base increased to 5 million active users, a 40% increase compared to the previous year[17]. - The company is expanding its market presence in Southeast Asia, targeting a 20% increase in sales from this region by the end of 2022[17]. - The company is actively expanding its market presence in smart cities, automotive electronics, and IoT applications[35]. - The company is expanding its market presence in Southeast Asia, targeting a 30% market share by 2025[118]. Corporate Governance - The company has not disclosed any special arrangements for corporate governance[8]. - The company has a clear governance structure where significant decisions are made by the shareholders' meeting, including investment plans and director elections[105]. - The company’s independent directors have fulfilled their responsibilities without any conflicts[106]. - The company has maintained a consistent approach to information disclosure and regulatory compliance[106]. Risk Management - The company has detailed various risks it may face in the "Management Discussion and Analysis" section of the report[4]. - The company faces risks related to raw material supply and outsourcing processing, which could negatively impact product delivery and profitability if prices rise or supply is constrained[57]. - The company has a high proportion of consignment sales, which increases accounts receivable risk if major distributors face operational challenges[58]. Employee and Management - The workforce increased to 1,112 employees, a rise of 37.45% year-on-year, with R&D personnel growing by 32.18%[36]. - The average salary of R&D personnel rose to ¥42.22 million, up from ¥33.32 million in the previous year[52]. - The company has established a detailed training plan focusing on professional skills and management capabilities to enhance employee development[136]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 11.15 million RMB[122]. Financial Management - The company will not distribute profits or increase capital reserves due to projected expenditures exceeding 30% of the latest audited net assets and exceeding 50 million yuan[6]. - The company has a structured remuneration management system in place for its directors and senior management[122]. - The company has established a fund management method to ensure the safety of raised funds, which will be stored in a designated account[187]. Environmental and Social Responsibility - The company emphasizes ESG as a core part of its business strategy, integrating it into corporate culture for sustainable development[145]. - The company has established a complete environmental protection management system to control pollution and promote resource conservation[148]. - The company has committed to a share lock-up period of 36 months for certain shareholders following the IPO, ensuring stability in shareholding[166].