Financial Performance - Operating revenue reached CNY 111,739,152.91, representing a significant increase of 3,925.33% year-on-year [5]. - Net profit attributable to shareholders was CNY 31,155,914.17, recovering from a loss of CNY 22,597,055.55 in the same period last year [5]. - Basic and diluted earnings per share were CNY 0.4125, recovering from a loss of CNY 0.40 per share in the previous year [5]. - Operating profit for Q1 2021 was ¥37,425,131.10, compared to a loss of ¥26,016,118.54 in Q1 2020, indicating a turnaround in profitability [31]. - Net profit for Q1 2021 was ¥30,740,666.83, recovering from a net loss of ¥23,101,906.99 in the same period last year [31]. - Total revenue for Q1 2021 reached ¥111,739,152.91, a significant increase from ¥2,775,897.61 in Q1 2020, representing a growth of approximately 3,920% [30]. Research and Development - Research and development expenses amounted to CNY 49,613,500, accounting for 44.40% of operating revenue, an increase of 58.42% year-on-year [7]. - The company’s R&D team has strengthened significantly, with ongoing projects in advanced military technology [8]. - Research and development expenses increased to ¥49,613,468.65 in Q1 2021, up from ¥31,317,517.72 in Q1 2020, reflecting a focus on innovation [31]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,068,377,537.55, a decrease of 1.54% compared to the end of the previous year [5]. - The total amount of short-term borrowings decreased by 94.39% to CNY 2,644,000.00, mainly due to the maturity of discounted receivables [15]. - Total liabilities decreased to ¥193,788,097.87 from ¥272,475,213.90, a reduction of 28.9% [25]. - The company's total assets were reported at ¥3,068,377,537.55, down from ¥3,116,323,986.75, a decrease of 1.5% [26]. - Total current assets amounted to ¥3,013,214,085.70, a decrease of 1.6% from ¥3,062,051,701.98 on December 31, 2020 [24]. Cash Flow - The net cash flow from operating activities was -CNY 53,315,714.18, a significant decrease from CNY 111,419,005.17 in the same period last year, primarily due to increased cash outflows for raw material purchases [18]. - The net cash flow from operating activities was -¥53,058,671.29 in Q1 2021, compared to a positive net cash flow of ¥111,423,242.21 in Q1 2020 [42]. - The total cash inflow from operating activities was ¥114,818,886.94 in Q1 2021, compared to ¥254,663,763.55 in Q1 2020, indicating a decline of 55.1% [42]. Shareholder Information - The total number of shareholders at the end of the reporting period was 8,821 [13]. - The company granted 3.02 million restricted stocks to 514 incentive objects at a price of CNY 124.45 per share as part of its stock incentive plan [20]. - Shareholder equity increased to ¥2,910,421,119.99 in Q1 2021, up from ¥2,872,882,103.78 in Q1 2020, indicating growth in the company's net worth [28]. Government Support - The company received government subsidies amounting to CNY 2,269,096.88, an increase of 98.47% year-on-year [17].

Financial Performance - Net profit attributable to shareholders increased by 120.51% to CNY 45,477,057.47 for the third quarter[7] - Operating revenue for the first nine months rose by 53.68% to CNY 342,367,709.42 compared to the same period last year[6] - Basic earnings per share increased by 116.04% to CNY 0.8028[7] - The company's operating revenue for the reporting period was CNY 342,367,709.42, an increase of 54% compared to the same period last year, primarily due to growth in main product sales[16] - Total operating revenue for Q3 2020 was CNY 47,379,148.41, a significant increase from CNY 9,609,957.50 in Q3 2019, representing a growth of 392.5%[26] - The company reported a total sales revenue of ¥490,238,987.00 for the first nine months of 2020, a substantial increase from ¥117,656,890.70 in the same period of 2019[35] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly, reaching CNY 105,430,605.69, a turnaround from a negative CNY 187,160,352.72 in the previous year[6] - The net cash flow from operating activities for the reporting period was CNY 105,430,605.69, a significant improvement from a negative CNY 187,160,352.72 in the same period last year, mainly due to increased sales collections[17] - The company's cash and cash equivalents at the end of the reporting period amounted to CNY 46,948,312.91, representing a 91% increase from the beginning of the year, attributed to sales collections[14] - The company's cash flow from operating activities for the first three quarters of 2020 was approximately ¥503.86 million, compared to ¥122.81 million in the same period of 2019, reflecting a growth of 310.5%[33] - The company's cash flow from operating activities for the first nine months of 2020 showed a net inflow of ¥105,798,745.83, contrasting with a net outflow of ¥186,298,462.98 in the same period of 2019[35] Research and Development - Research and development expenses as a percentage of operating revenue decreased by 1.85 percentage points to 35.55%[7] - Research and development expenses for the reporting period were CNY 121,706,477.69, an increase of 46% year-on-year, reflecting the company's commitment to enhancing R&D capabilities[16] - Research and development expenses for Q3 2020 amounted to CNY 51,159,163.80, up from CNY 30,535,611.94 in Q3 2019, an increase of 67.5%[26] - The company reported a significant increase in R&D investment, totaling CNY 121,706,477.69 for the first three quarters of 2020, compared to CNY 83,320,576.78 in the same period of 2019[26] Shareholder Information - The total number of shareholders at the end of the reporting period was 25[11] - The largest shareholder, Liu Jiande, holds 50.58% of the shares[11] Assets and Liabilities - Total assets decreased by 9.16% to CNY 1,061,414,047.42 compared to the end of the previous year[6] - The company's total liabilities decreased by 37% for accounts payable, amounting to CNY 135,090,209.61, due to timely payments to suppliers[14] - Total current assets amounted to ¥1,012,300,087.80, a decrease from ¥1,122,697,148.15 in the previous period, reflecting a decline of approximately 9.8%[21] - Total liabilities decreased to ¥259,451,966.12 from ¥410,858,067.44, a reduction of approximately 36.8%[22] - The company's short-term borrowings at the end of the reporting period were CNY 80,052,923.89, a decrease of 42% from the beginning of the year, due to repayment of maturing loans[14] Other Income and Expenses - The company reported a significant increase in other income, which reached CNY 6,753,203.12, up 154% year-on-year, mainly due to increased government subsidies received[16] - The company experienced a 1332% increase in credit impairment losses, totaling CNY 11,447,025.80, due to higher provisions for bad debts on accounts receivable[16] - The company incurred financial expenses of ¥2.62 million in Q3 2020, compared to ¥1.36 million in Q3 2019, which is an increase of 92.5%[30] Inventory Management - The company's inventory at the end of the reporting period was CNY 294,756,751.13, a 41% increase from the beginning of the year, due to increased raw material stock[14] - Inventory increased to ¥294,756,751.13 from ¥209,381,850.79, representing a growth of about 40.7%[21] Overall Performance - The total comprehensive loss for Q3 2020 was CNY 57,551,951.42, compared to a comprehensive loss of CNY 35,059,468.31 in Q3 2019[28] - The net loss for Q3 2020 was CNY 57,551,951.42, compared to a net loss of CNY 35,059,468.31 in Q3 2019, reflecting a deterioration in performance[27] - The total profit for Q3 2020 was a loss of ¥51.09 million, compared to a loss of ¥28.30 million in Q3 2019, representing an increase in losses of 80.4%[31]