Financial Performance - The company's revenue for Q3 2021 was CNY 269,522,946.86, representing a year-over-year increase of 39.80%[5] - The net profit attributable to shareholders for Q3 2021 was CNY 24,615,645.06, an increase of 17.72% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for the year-to-date was CNY 59,822,476.95, reflecting a significant increase of 126.59%[6] - Basic earnings per share for Q3 2021 were CNY 0.44, with a year-to-date increase of 87.32%[6] - The net profit for Q3 2021 was CNY 65,924,537.85, a significant increase of 103.5% compared to CNY 32,425,480.38 in Q3 2020[26] - Operating profit for Q3 2021 reached CNY 78,099,346.91, up 102.5% from CNY 38,626,442.59 in the same period last year[26] - Total revenue from operating activities for the first nine months of 2021 was CNY 892,488,417.94, compared to CNY 557,992,703.57 in the first nine months of 2020, indicating a growth of 60%[28] - The company reported a total comprehensive income of CNY 66,193,480.60 for Q3 2021, compared to CNY 32,597,969.40 in Q3 2020, reflecting a growth of 102.5%[27] - Basic and diluted earnings per share for Q3 2021 were both CNY 1.33, compared to CNY 0.71 in Q3 2020, representing an increase of 87.3%[27] Assets and Liabilities - The total assets as of the end of the reporting period reached CNY 944,944,716.55, marking a 98.43% increase from the end of the previous year[6] - The company's total current assets amounted to CNY 783,187,420.71, up from CNY 435,360,309.81 in the previous year[23] - The company's cash and cash equivalents as of September 30, 2021, were CNY 445,993,162.65, compared to CNY 139,290,230.04 at the end of 2020, indicating a substantial increase in liquidity[21] - The company's inventory as of September 30, 2021, was CNY 203,137,314.50, up from CNY 140,591,605.10 in the previous year[21] - The total equity attributable to shareholders increased to CNY 629,767,867.53 from CNY 234,476,930.83, indicating strong growth in shareholder value[24] - Current liabilities totaled 240,781,058.82, with accounts payable at 153,041,599.72[33] - The company reported a total liability of 344,322,615.36, with non-current liabilities at 103,541,556.54[33] Cash Flow - The cash flow from operating activities for the year-to-date was CNY 58,647,955.17, with significant changes due to the implementation of new leasing standards[6] - The net cash flow from operating activities for Q3 2021 was CNY 58,647,955.17, a substantial increase from CNY 3,306,973.50 in Q3 2020[29] - The net cash flow from financing activities for Q3 2021 was CNY 255,627,722.48, compared to a negative CNY 11,214,455.97 in Q3 2020, indicating a turnaround in financing activities[30] - The company received CNY 390,677,620.00 from financing activities in Q3 2021, a notable increase from CNY 23,500,000.00 in the same period last year[30] Research and Development - The company's R&D investment totaled CNY 8,711,446.90 in Q3 2021, accounting for 3.23% of revenue, a decrease of 1.81 percentage points year-over-year[6] - The company established an industrial technology research institute to enhance R&D innovation capabilities and explore cutting-edge technology[16] - The company is actively enhancing its core R&D talent pool by introducing professional technical personnel and expanding external R&D collaborations[16] Market and Product Development - The company attributed the revenue growth to new product launches, increased promotional efforts, and expansion into new channels and customers[11] - New product launches in the second half of 2021 include the "Jiang Xiaozhu" smart moxibustion series, which received positive market feedback[17] - The company plans to hold a global product launch event in early November to introduce more traditional Chinese medicine technology products[17] - Online sales channels, including Douyin and cross-border e-commerce, have shown rapid growth, contributing to overall revenue stability[18] - The company optimized its after-sales service system and upgraded its digital marketing system to enhance user profiling for targeted marketing strategies[18] - The company aims to expand its offline presence primarily in shopping centers while adjusting operations in transportation hubs affected by COVID-19[17] Shareholder Information - The company reported a total of 3,362 common shareholders at the end of the reporting period[13] - The top shareholder, Ma Xuejun, holds 24,848,471 shares, representing 40.0% of the total shares[13] - The company reported a 2.5% shareholding by Anxin Securities Asset Management in the strategic allocation plan[14] Production Capacity - The company established a modern factory in Shenzhen to enhance its production capacity and product quality control[19]

Financial Performance - The company's revenue for the first half of 2021 was CNY 543.74 million, representing a year-on-year increase of 64.94%[21]. - Net profit attributable to shareholders was CNY 41.36 million, up 248.78% compared to the same period last year[21]. - The net profit after deducting non-recurring gains and losses was CNY 37.72 million, an increase of 377.68% year-on-year[21]. - The basic earnings per share increased by 242.31% to CNY 0.89[22]. - The company's gross profit margin for the reporting period was 60.89%, indicating a strong profitability position[119]. - The company reported a revenue of 7,663 million with a net profit of 2,427 million, maintaining a strong performance in the first half of 2021[101]. - The company reported a revenue of 5,209 million RMB for the first half of 2021, with a net profit of 1,480 million RMB, indicating a strong performance[103]. - The company reported a significant increase in revenue, achieving a total of 202 million in the first half of 2021, representing a year-on-year growth of 18%[162]. - Revenue for the first half of 2021 reached 200 million, representing a 25% increase compared to the same period last year[164]. - The company reported a significant increase in user data, with a year-on-year growth of 30% in active users[163]. Research and Development - The company reported a 35.61% increase in R&D expenses, totaling ¥21,842,182.20 compared to ¥16,106,196.35 in the previous period[97]. - R&D expenses accounted for 4.02% of total revenue, a decrease of 0.87% from the previous period[97]. - The company is focusing on enhancing its R&D capabilities by recruiting high-end talent and collaborating with medical research institutions[115]. - The company has increased its R&D personnel and project trial costs, contributing to the rise in R&D expenses[98]. - The company is investing $50 million in research and development for new technologies aimed at enhancing user experience[151]. - The company has committed to ongoing research and development to enhance product features and user satisfaction in the health and wellness category[86]. Product Development and Innovation - The company launched two new product categories, the meridian gun and the smart moxibustion box "Ginger Xiaozhu A1" during the reporting period[22]. - The company focuses on innovative R&D of portable health products, particularly smart massage devices that integrate advanced technologies[45]. - The company has developed core technologies in precision drive and smart control, health sensing, and human-computer interaction, which are crucial for its product offerings[77][79]. - The company is actively pursuing market expansion through the introduction of multifunctional care devices that can serve dual purposes, such as a neck pillow and a neck massager[82]. - The company aims to enhance product development cycles through the use of specialized embedded systems, significantly shortening the time to market for new applications[81]. - The company is focusing on the development of AI-driven health analysis reports, providing users with personalized health management solutions[102]. - The company is exploring market expansion opportunities in Southeast Asia, targeting a 15% increase in market penetration by the end of the fiscal year[162]. Market and Sales Strategy - Online sales grew by 49%, while offline sales increased by 80%, and ODM sales surged by 166%[23]. - The company optimized its marketing strategy and improved brand awareness through targeted marketing and global brand endorsements[23]. - The company has established partnerships with major e-commerce platforms such as JD.com, Tmall, and Amazon to leverage their traffic advantages for online B2C sales[69]. - The company has implemented a multi-channel marketing strategy to enhance brand recognition and consumer engagement[116]. - The company is actively expanding its online sales through partnerships with major e-commerce platforms like Tmall and JD[111]. - The company plans to continue opening new direct stores nationwide to expand its marketing network[125]. Corporate Governance and Compliance - The board of directors has confirmed that there are no significant risks affecting the company's operations during the reporting period[4]. - The report indicates that there are no non-operating fund occupations by controlling shareholders or related parties[7]. - The company does not have any special arrangements for corporate governance that are applicable[8]. - The company has committed to complying with all relevant laws and regulations regarding share transfers[148]. - The company has not disclosed any significant changes in its employee incentive plans or stock ownership plans[143]. - The company has received recognition as a "Provincial Industrial Design Center" by the Guangdong Provincial Department of Industry and Information Technology[95]. Shareholder Information - The actual controller holds 70.57% of the company's shares, which poses a risk of improper control over company decisions[127]. - The profit distribution plan has been approved by the board and requires submission to the shareholders' meeting for final approval[142]. - The company plans to distribute a cash dividend of RMB 4.86 per 10 shares, totaling RMB 29,957,040.00, which represents 16.10% of the distributable profits for the first half of 2021[141]. - The company reported a stock transfer limit of 25% of total shares held by senior management annually during their tenure and for six months post-termination[155]. - The company will announce any intended share reductions three trading days in advance[149]. Financial Position - Total assets amounted to 646.08 million, up 35.67% from the beginning of the year[128]. - Total liabilities increased by 52.95% to 370.65 million, resulting in a debt-to-asset ratio of 57.37%[128]. - The company's total equity attributable to shareholders was RMB 275,933,337.38, up from RMB 234,476,930.83, representing a growth of approximately 17.7%[185]. - Cash and cash equivalents as of June 30, 2021, were RMB 185,204,933.88, compared to RMB 139,290,230.04 at the end of 2020, marking an increase of about 33.0%[183]. - The company's total liabilities to equity ratio was approximately 134.4% as of June 30, 2021, compared to 103.6% at the end of 2020, indicating increased leverage[185].