Financial Reporting and Revenue - The company confirmed revenue from joint operations based on its share of the output sold[2]. - The company reported a total revenue of 1.5 billion CNY for the fiscal year 2022, representing a year-over-year increase of 10%[39]. - The company reported a significant increase in revenue, reaching 1.2 billion yuan, representing a 15% year-over-year growth[21]. - The company provided a revenue guidance for 2023, projecting a growth rate of 12% to 15%[39]. - New product launches are expected to contribute an additional 200 million CNY in revenue in 2023[39]. - New product launches are expected to contribute an additional 300 million yuan in revenue, with a focus on innovative technology solutions[21]. Financial Management and Assets - The company recognizes cash and cash equivalents based on specific criteria, including short-term maturity and high liquidity[4]. - Financial assets are classified into three categories: measured at amortized cost, measured at fair value with changes recognized in other comprehensive income, and measured at fair value with changes recognized in profit or loss[9]. - The company uses the effective interest method to calculate interest income or expense for financial assets and liabilities[8]. - Impairment losses on financial assets are recognized based on the expected credit loss model from the initial recognition[10]. - The company’s financial instruments are recognized when it becomes a party to the financial instrument contract[8]. - The company’s financial liabilities are classified as measured at amortized cost, using the effective interest method for subsequent measurement[53]. Governance and Management - The company established an independent financial department with dedicated personnel for accounting and financial management, ensuring no interference from controlling shareholders[12]. - The company has a structured governance framework with independent directors ensuring oversight and compliance[12]. - The company has a diverse board with members holding various academic and professional qualifications, including a PhD and multiple engineering degrees[16]. - The company’s board of directors has actively participated in meetings and governance, ensuring timely and effective decision-making[68]. - The company has established a remuneration management system that aligns with its operational performance and individual performance assessments[44]. Shareholder Engagement and Dividends - The board of directors has approved a dividend payout of 0.5 yuan per share, reflecting a commitment to returning value to shareholders[21]. - The company proposed a cash dividend of RMB 2.5 per share (including tax), totaling RMB 106,875,000.00, based on a total share capital of 427,500,000 shares[79]. - The total distributable profit for the period was RMB 660,867,386.04, with the cash dividend accounting for 100.00% of the total profit distribution[79]. - The cash dividend distribution plan is subject to approval by the shareholders' meeting[79]. Employee and Workforce Management - The company reported a total of 1,528 employees at the end of the reporting period, with 1,172 in production, 244 in technical roles, and 41 in sales[71]. - The company has established a training plan that includes onboarding, skills training, and safety training to enhance employee capabilities and ensure safety awareness[75]. - The company has zero retired employees requiring financial support, indicating a relatively young workforce[71]. - The company has a total of 65 employees with master's degrees or higher, and 275 with bachelor's degrees, indicating a focus on educational qualifications within the workforce[71]. Market Expansion and Strategic Initiatives - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by the end of the next fiscal year[21]. - A strategic acquisition was completed, enhancing the company's capabilities in R&D, expected to generate an additional 150 million yuan in annual revenue[21]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 500 million CNY allocated for potential mergers and acquisitions[39]. - Market expansion plans include entering three new international markets by Q3 2023[39]. Internal Controls and Compliance - The company has established a complete internal control system and operates independently from its controlling shareholders[82]. - The company maintained effective internal control over financial reporting as of December 31, 2022, according to the internal control audit report[122]. - The internal control self-assessment report was fully disclosed on April 22, 2023, reflecting the actual situation of the company's internal control[118]. - The company has established and continuously improved its internal control system in accordance with the new regulations and guidelines issued for listed companies[117]. Corporate Social Responsibility - The company engaged in poverty alleviation activities, purchasing agricultural products worth CNY 119,000 and CNY 86,000 during the 2022 Spring Festival and Mid-Autumn Festival respectively[100]. - The company has implemented measures to reduce carbon emissions and strictly adheres to environmental protection laws and regulations[126]. Miscellaneous - The company’s registered address is located at Fuzhou Software Park, No. 89, Software Avenue, Gulou District, Fuzhou City, with a postal code of 350003[196]. - The company’s stock is listed on the Shenzhen Stock Exchange under the stock code 002222[196]. - The company’s official website is www.castech.com, and the email for securities inquiries is securities@castech.com[196].

Financial Performance - The net profit attributable to the parent company was CNY 52,880,207.50, showing a slight increase from CNY 52,649,419.26 in the previous period[6] - The total comprehensive income for the period was CNY 56,270,455.63, compared to CNY 55,004,027.07 in the previous period[6] - Net profit attributable to shareholders is ¥52,880,207.50, reflecting a slight increase of 0.44% year-over-year[12] - The company's net profit for the current period is CNY 56,270,455.63, an increase of 2.29% compared to CNY 55,004,027.07 in the previous period[28] Revenue and Cash Flow - The company's operating revenue for the current period is ¥197,321,889.91, a decrease of 0.18% compared to the same period last year[12] - Cash received from sales decreased from CNY 196,480,135.90 to CNY 187,012,700.39, indicating a decline in operational cash flow[6] - The net cash flow from operating activities has significantly decreased by 63.89%, amounting to ¥20,216,163.40[12] - The net cash flow from operating activities is CNY 20,216,163.40, a significant decrease of 63.89% compared to CNY 55,991,952.38 in the previous period[24] Assets and Liabilities - Total assets at the end of the current period are ¥1,616,230,325.94, representing a 1.99% increase from the end of the previous year[12] - The company's total liabilities decreased to ¥142,880,468.31, down from ¥157,560,928.32 in the previous year[16] - Total assets increased to CNY 1,616,230,325.94, up from CNY 1,584,640,330.32 in the previous period[27] Shareholder Information - The company had a total of 42,793 common shareholders at the end of the reporting period[9] - The largest shareholder, the Fujian Institute of Material Structure Research, held 22.45% of the shares, totaling 95,976,500 shares[9] Cash Flow from Financing Activities - The net cash flow from financing activities improved by 40.30%, from CNY -4,281,677.37 to CNY -2,556,281.54, mainly due to a decrease in minority dividends paid by a subsidiary[2] - Cash flow from financing activities resulted in a net outflow of ¥2,556,281.54, an improvement compared to the previous year's outflow of ¥4,281,677.37[17] Expenses and Costs - The total operating costs decreased to CNY 132,348,853.83, down by 1.24% from CNY 134,013,069.33 in the previous period[28] - Research and development expenses increased to CNY 19,640,386.37, up by 20.00% from CNY 16,273,925.84 in the previous period[28] Other Financial Metrics - The weighted average return on equity has declined by 0.48 percentage points to 3.75%[12] - The company reported a significant increase in cash paid for other financing activities, which rose by 446.74% to CNY 1,488,805.26 due to higher lease payments[2] - Financial expenses skyrocketed by 1325.61% to ¥1,335,805.01, attributed to increased exchange losses due to RMB appreciation[30] Changes in Cash and Cash Equivalents - The net increase in cash and cash equivalents decreased significantly by 159.04%, from CNY 21,761,449.09 to CNY -12,848,383.35, attributed to reduced sales receipts and increased material procurement and salary payments[2] - Cash and cash equivalents at the end of the period were ¥401,385,918.76, down from ¥311,873,015.34 at the beginning of the year[34]

Group 1: Company Performance - In 2017, the company achieved an operating income of 45,381.51 million yuan, representing a year-on-year growth of 47.26% [1] - The net profit attributable to shareholders was 13,615.28 million yuan, with a significant increase of 93.59% compared to the previous year [1] - The fourth quarter revenue saw a quarter-on-quarter decline of 11.86%, primarily due to seasonal factors such as the National Day and Christmas holidays, which affected shipment volumes [1] Group 2: Market Position and Competition - The company has established a complete processing chain in crystal growth and has maintained a high market share for its core products, with most competitors being relatively small in scale [2] - The growth in 2017 was driven by an increase in industry demand, particularly from downstream laser applications, which have been expanding due to rising quality requirements in consumer electronics [2] Group 3: Capacity and Shareholder Actions - The company has adjusted its production capacity based on inventory and order demand, and is currently able to meet market order requirements [3] - The major shareholder announced a plan to reduce their stake by no more than 1% of the total share capital, primarily for funding needs, with no updates on the progress of this plan [3] - There are currently no specific plans for asset injection from the major shareholder, who is primarily engaged in scientific research [3]

Group 1: Company Overview and Performance - The company focuses on the laser and optical communication sectors, providing crystals, precision optical components, and laser devices, positioning itself upstream in the industry [1] - In Q1 2021, the company experienced a revenue and profit growth of approximately 40%, driven by strong downstream market demand [1] Group 2: Revenue Structure and Market Share - The revenue structure is approximately 50% for crystal components, 30% for precision optical components, and 20% for laser devices [1] - The market share for core crystal products LBO and BBO is estimated to be between 70% and 80%, while the market share for optical and laser devices remains relatively small [1] Group 3: Product Orders and Profitability - Crystal business prices and gross margins are relatively stable, while prices for optical and device products fluctuate due to market competition [1] - The company aims to counteract price pressure through internal technical adjustments and efficiency improvements, focusing on volume growth to maintain profitability [1] Group 4: Future Projects and Capacity Expansion - The company is cautiously considering the consumer optical components market, with ongoing development in laser radar and AR/VR projects, which currently have limited revenue contribution [2] - The production site is nearing capacity, prompting the initiation of a second-phase expansion project, expected to take 2-3 years to complete [2]

Group 1: Company Overview - The company focuses on the laser and optical communication sectors, providing crystals, precision optical components, and laser devices, positioned upstream in the industry [1] - In the first three quarters of 2021, the company's revenue and profit growth were around 30%, driven by downstream market demand [1] Group 2: Market Position and Product Pricing - The company has stable pricing and gross margins for crystal products, while optical and device products experience significant price fluctuations due to market competition [1] - Market shares for structural crystal components, precision optical components, and laser devices are approximately 50%, 30%, and 20% respectively [1] - Core products LBO and BBO have a market share of 70%-80%, while the market share for optical and laser devices remains relatively low [2] Group 3: Sales and Marketing Strategy - Sales expenses are primarily composed of salaries and advertising costs, with reduced expenses due to the shift from in-person to online interactions during the pandemic [2] - The company is actively tracking emerging markets like AR/VR and laser radar, focusing on developing optical components in collaboration with clients, although large-scale production is not yet realized [2] Group 4: Production Capacity and Future Plans - The company's production capacity is currently saturated, prompting the initiation of a second-phase expansion project, expected to take 2-3 years for completion [2] - The company is negotiating to lease additional factory space to ensure current production is not affected during the expansion [2] Group 5: Shareholder Actions and Incentives - The major shareholder's reduction in holdings is primarily to meet funding needs for basic construction projects [2] - Currently, there are no stock incentive plans due to regulatory challenges, but the company provides performance-based incentives for key technical and management personnel [2]

Financial Performance - The company's operating revenue for Q3 2022 was ¥212,414,939.69, representing a year-on-year increase of 10.83%[4] - Net profit attributable to shareholders for the same period was ¥68,035,830.77, up 14.68% year-on-year[4] - The net profit after deducting non-recurring gains and losses reached ¥66,829,095.56, marking a 22.96% increase compared to the previous year[4] - The basic earnings per share for Q3 2022 was ¥0.1591, up 14.63% year-on-year[4] - The company's net profit attributable to shareholders increased to ¥725,865,573.81 from ¥603,036,516.24, a growth of 20.3%[24] - The net profit for the third quarter was CNY 198,521,095.36, an increase of 20.5% compared to CNY 164,839,642.50 in the same period last year[26] - The operating profit reached CNY 231,257,441.88, up from CNY 193,793,194.74, reflecting a growth of 19.3% year-over-year[26] - Total revenue from sales of goods and services was CNY 587,549,228.53, compared to CNY 463,629,508.86, indicating a growth of 26.8%[29] - The basic and diluted earnings per share were both CNY 0.4373, up from CNY 0.3759 in the previous year, representing a 16.3% increase[29] - The total comprehensive income for the period was CNY 198,521,095.36, compared to CNY 164,839,642.50, reflecting a growth of 20.5%[26] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥1,551,837,041.32, reflecting a 12.64% increase from the end of the previous year[4] - The company's total assets increased to ¥1,551,837,041.32 from ¥1,377,644,882.70, representing a growth of 12.6%[24] - Total liabilities reached ¥164,576,878.12, up from ¥119,980,814.86, which is an increase of 37.1%[20] - The company's equity attributable to shareholders was ¥1,342,595,291.89, a 10.07% increase from the previous year[4] - The equity attributable to shareholders of the parent company rose to ¥1,342,595,291.89 from ¥1,219,766,234.32, reflecting an increase of 10.1%[24] Cash Flow and Investments - Cash flow from operating activities for the year-to-date was ¥195,619,719.15, showing a significant increase of 92.18%[4] - The net cash flow from operating activities increased by 92.18% to ¥195,619,719.15, primarily due to increased sales receipts[12] - The net increase in cash and cash equivalents was ¥52,313,637.67, a 219.68% increase, attributed to higher sales receipts and increased payments for equipment and dividends[12] - The company reported a net cash outflow from investing activities of CNY -76,583,503.87, compared to CNY -42,313,508.40 in the previous year[33] - The cash flow from financing activities resulted in a net outflow of CNY -70,945,012.27, compared to CNY -42,985,980.10 in the same period last year[33] Shareholder Information - The total number of common shareholders at the end of the reporting period was 44,116[12] - The largest shareholder, the Fujian Institute of Material Structure Research, holds 23.35% of the shares, totaling 99,806,217 shares[12] - The company distributed dividends of ¥69,044,997.02, a 53.83% increase compared to the previous year[12] - The cash paid to minority shareholders increased by 100% to ¥4,800,000.00, indicating higher dividend distributions from subsidiaries[12] Expenses and Costs - Total operating costs amounted to ¥381,844,815.81, up from ¥363,007,937.80, reflecting a year-over-year increase of 5.0%[24] - Research and development expenses were ¥52,550,069.86, compared to ¥44,136,523.41 in the previous year, indicating a growth of 18.9%[24] - The company reported a financial cost reduction, with financial expenses decreasing from -¥1,643,578.88 to -¥16,520,176.57, indicating improved financial management[24] Tax and Refunds - The company received tax refunds of ¥4,268,800.84, marking a 624.78% increase compared to the previous period[12] - The company received CNY 4,268,800.84 in tax refunds, compared to CNY 588,978.90 in the previous year, showing a significant increase[29] Other Financial Metrics - The weighted average return on net assets was 5.20%, an increase of 0.08 percentage points compared to the previous year[4] - The company experienced a 120.88% increase in lease liabilities, amounting to ¥12,059,080.54, due to new factory lease confirmations[8] - The impact of exchange rate changes on cash and cash equivalents was significant, with an increase of ¥4,222,434.66, a 3435.01% change due to substantial dollar appreciation[12] - Cash paid for the purchase of fixed assets, intangible assets, and other long-term assets rose by 76.65% to ¥82,498,129.54, reflecting increased equipment procurement[12] - Accounts receivable rose to ¥266,424,034.61 from ¥183,532,363.82, marking a significant increase of 45.1%[17] - Inventory levels increased to ¥212,253,501.68 from ¥192,069,906.14, reflecting a rise of 10.5%[17]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥393,484,626.89, representing an increase of 11.48% compared to ¥352,954,485.44 in the same period last year[25]. - The net profit attributable to shareholders of the listed company was ¥118,918,226.80, up 17.33% from ¥101,351,833.70 in the previous year[25]. - The net profit after deducting non-recurring gains and losses was ¥113,848,167.61, reflecting a 15.81% increase from ¥98,309,037.96 in the same period last year[25]. - The net cash flow from operating activities was ¥106,343,509.43, a significant increase of 59.36% compared to ¥66,732,722.24 in the previous year[25]. - The basic earnings per share were ¥0.2782, up 17.33% from ¥0.2371 in the same period last year[25]. - The company achieved operating revenue of 393.48 million yuan, an increase of 11.48% compared to the same period last year[62]. - Net profit attributable to shareholders reached 118.92 million yuan, up 17.33% year-on-year[51]. - The net cash flow from operating activities was 106.34 million yuan, reflecting a significant increase of 59.36% compared to the previous year[62]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,470,264,997.13, an increase of 6.72% from ¥1,377,644,882.70 at the end of the previous year[25]. - The net assets attributable to shareholders of the listed company were ¥1,274,559,461.12, up 4.49% from ¥1,219,766,234.32 at the end of the previous year[25]. - The company's total liabilities increased to CNY 155,615,132.70 from CNY 119,980,814.86, marking an increase of about 29.7%[149]. - The total equity attributable to the owners of the parent company reached CNY 1,274,559,461.12, up from CNY 1,219,766,234.32, reflecting an increase of approximately 4.5%[149]. Market and Industry Insights - The global laser sales revenue increased from $13.77 billion in 2017 to $18.48 billion in 2021, with a compound annual growth rate (CAGR) of 7.63%[36]. - The Chinese laser market grew from $6.95 billion in 2017 to $12.9 billion in 2021, achieving a CAGR of 16.72%[36]. - The fiber laser market in China expanded from ¥2.86 billion in 2014 to ¥12.48 billion in 2021, with a CAGR of 23.43%, and is projected to reach ¥13.8 billion in 2022, a year-on-year growth of 10.58%[36]. Research and Development - The company has developed a robust R&D system, focusing on new product development and process optimization to meet market demands[45]. - Research and development expenses were 31.01 million yuan, showing a marginal increase of 0.01% year-on-year[62]. - Research and development expenses for the first half of 2022 were ¥31,008,276.79, slightly up from ¥31,005,113.63 in the same period of 2021, indicating a stable investment in innovation[159]. Risk Factors - The company faces risks from intensified market competition, which may lead to price wars affecting gross margins[80]. - The international business development may be impacted by changes in international trade policies, prompting the company to enhance domestic market efforts[81]. - Rising costs of raw materials and labor could increase operational costs, leading the company to optimize procurement processes and improve operational efficiency[82]. - The ongoing COVID-19 pandemic poses risks to business operations, prompting the company to strengthen communication with stakeholders and adhere to government policies[86]. Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares[8]. - There were no significant changes in the board of directors or senior management during the reporting period[89]. - The company has not engaged in any major related party transactions during the reporting period[108]. Cash Flow and Investments - The cash inflow from operating activities for the first half of 2022 was CNY 388,842,161.18, an increase of 25.1% compared to CNY 310,816,562.32 in the first half of 2021[169]. - The cash outflow for investment activities was CNY 57,945,029.14, significantly higher than CNY 14,510,646.51 in the previous year, resulting in a net cash flow from investment activities of -CNY 52,407,866.05[172]. - The cash inflow from financing activities was CNY 1,000,000.00, while the cash outflow was CNY 54,747,920.35, leading to a net cash flow from financing activities of -CNY 53,747,920.35[172].

Financial Performance - The company reported a significant increase in revenue, with a year-on-year growth of 20% in 2021, reaching a total revenue of 1.5 billion RMB[20]. - The company has set a performance guidance for 2022, projecting a revenue growth of 10% to 1.65 billion RMB[20]. - The company reported a net profit margin of 12% for the fiscal year 2021, indicating strong operational efficiency[20]. - The company achieved a total revenue of 688.70 million yuan, representing a growth of 26.03% compared to the previous year[82]. - The net profit attributable to shareholders reached 191.37 million yuan, an increase of 33.19% year-on-year[82]. - The basic earnings per share for 2021 was ¥0.4476, which is a 33.17% increase compared to ¥0.3361 in 2020[32]. - The total operating costs increased by 26.50% to ¥311.77 million, with raw materials and labor costs making up 32.54% of total operating costs[88]. - The company reported a total sales volume of 3,368,056 units, a decrease of 19.33% from 4,175,050 units in 2020[88]. Market Strategy and Expansion - The company is focusing on expanding its market presence, particularly in the Asia-Pacific region, aiming for a 15% increase in market share by 2023[20]. - The company is exploring potential acquisitions to diversify its product offerings, with a budget allocation of 200 million RMB for this purpose[20]. - The company aims to enhance its product system through the development of high-precision optical components for AR and VR applications[102]. - The company intends to expand its laser device business into related fields beyond just lasers[126]. - The company is actively addressing risk factors related to supply chain disruptions, implementing measures to mitigate potential impacts on production[20]. Research and Development - New product development includes the launch of a next-generation laser technology expected to increase production efficiency by 25%[20]. - The company has initiated a strategic partnership with a leading tech firm to enhance its R&D capabilities, targeting a 30% increase in innovation output over the next two years[20]. - The company invested in R&D for new products and quality improvements, collaborating with research institutions on key technology projects[80]. - The number of R&D personnel rose to 210 in 2021, a 10.53% increase from 190 in 2020[103]. - The research on the formation mechanism of RIG crystal defects is expected to accelerate technology development and improve product quality[102]. Operational Efficiency - The company has established a strict supplier management system to ensure the quality of raw materials and components, which is critical for maintaining production efficiency[63]. - The company adopts an order-based production model to meet diverse customer demands, converting customer orders into production plans based on specific requirements[64]. - The company has a strong market position, with its core crystal products, such as LBO and BBO, holding the number one global market share[67]. - The company has developed a reputation for high technology, quality, and service in the global laser industry, with its brand "CASTECH" recognized for excellence[67]. Risk Management - The company faces risks related to its upstream position in the industry chain, which may affect its market space and business development[69]. - The company is monitoring international trade policies and macroeconomic conditions to mitigate risks from changes in the international market[131]. - Rising costs of raw materials and labor are a concern, prompting the company to optimize procurement processes and improve operational efficiency[132]. - The ongoing COVID-19 pandemic poses risks to business operations, prompting the company to implement strict safety measures and maintain communication with stakeholders[134]. Corporate Governance - The company adheres to the principles of "fairness, justice, and openness" in information disclosure, ensuring timely and accurate reporting of significant information[149]. - The company maintains independence from its controlling shareholder in terms of assets, personnel, finance, and operations, ensuring complete operational autonomy[150]. - The company has a fully independent R&D, production, procurement, and sales system, demonstrating its capability to operate without reliance on the controlling shareholder[151]. - The company’s governance structure includes a shareholders' meeting, board of directors, and supervisory board, all operating independently[156]. - The company emphasizes transparency and communication with investors through various channels, enhancing its investor relations[149]. Leadership and Management - The company appointed Chen Qiuhua as Vice Chairman and General Manager on May 20, 2021, reflecting a leadership change[163]. - The board of directors saw the election of new members including Cai Dequan, Zhang Jian, and Wu Shaofan on May 20, 2021, indicating a restructuring[163]. - The company reported a significant turnover in management, with several key personnel, including independent directors, completing their terms on May 20, 2021[166]. - The management team includes professionals with backgrounds in engineering, finance, and law, ensuring a well-rounded approach to corporate governance[176]. Compensation and Remuneration - The total pre-tax remuneration for the chairman, Chen Hui, is 2.0124 million CNY[185]. - The total pre-tax remuneration for the vice chairman and general manager, Chen Qiuhua, is 2.0134 million CNY[185]. - The total pre-tax remuneration for the director and deputy general manager, Cai Dequan, is 1.2031 million CNY[185]. - The company has a performance-based remuneration system for directors and senior management, with base salaries paid monthly[185].

Financial Performance - The company's operating revenue for Q1 2022 was ¥197,670,219.14, representing a 19.89% increase compared to ¥164,876,864.87 in the same period last year[1] - Net profit attributable to shareholders was ¥52,649,419.26, up 14.69% from ¥45,905,421.14 year-on-year[1] - Basic and diluted earnings per share increased to ¥0.1232, a rise of 14.71% from ¥0.1074 in the same period last year[1] - The net profit for the current period is 55,004,027.07, an increase of 18.5% compared to 46,404,864.75 in the previous period[12] - The operating profit for the current period is 63,976,593.89, up from 54,425,848.16, reflecting a growth of 17.5%[12] - The total comprehensive income for the current period is 55,004,027.07, compared to 46,404,864.75 in the previous period, showing an increase of 18.5%[13] Cash Flow and Liquidity - The net cash flow from operating activities surged by 287.90%, reaching ¥55,991,952.38 compared to ¥14,434,483.30 in the previous year[1] - Cash and cash equivalents at the end of the period were ¥313,926,348.23, an increase from ¥293,485,364.88 at the beginning of the year, reflecting a growth of 6.19%[9] - The cash flow from operating activities net amount is 55,991,952.38, a substantial increase from 14,434,483.30 in the previous period[14] - The cash and cash equivalents at the end of the period amount to 311,873,015.34, an increase from 261,321,962.69 in the previous period[14] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,421,456,776.02, reflecting a 3.18% increase from ¥1,377,644,882.70 at the end of the previous year[1] - Total liabilities decreased to ¥113,588,681.11 from ¥119,980,814.86, a decline of 5.36%[11] - Accounts receivable increased to ¥222,148,004.89 from ¥183,532,363.82, representing a rise of 20.98%[9] - Non-current assets totaled ¥569,857,406.66, an increase from ¥554,950,855.80, reflecting a growth of 2.63%[10] Equity and Retained Earnings - The company's equity attributable to shareholders rose to ¥1,272,415,653.58, marking a 4.32% increase from ¥1,219,766,234.32 year-on-year[1] - The company's retained earnings rose to ¥655,685,935.50 from ¥603,036,516.24, marking an increase of 8.71%[11] - The total equity attributable to shareholders of the parent company increased to ¥1,272,415,653.58 from ¥1,219,766,234.32, reflecting a growth of 4.31%[11] Expenses - Total operating costs amounted to ¥134,013,069.33, up 20.56% from ¥111,110,260.86 in the prior period[11] - The company experienced a 63.68% rise in selling expenses, amounting to ¥3,041,663.77, primarily due to increased advertising and exhibition costs[4] - The research and development expenses for the current period are 16,273,925.84, up from 15,379,356.50, reflecting a growth of 5.8%[12] - The financial expenses have decreased to -108,990.79 from -914,834.43, indicating an improvement in financial management[12] Other Financial Metrics - The weighted average return on equity was 4.23%, slightly up by 0.03 percentage points from the previous year[1] - Non-recurring gains and losses totaled ¥1,052,917.82, with government subsidies and other income contributing significantly[2][3] - The company reported a net profit margin improvement, with net income figures to be detailed in future reports[11] - The total revenue from operating activities is 202,611,551.80, compared to 142,630,941.12 in the previous period, indicating a significant increase of 42.0%[13] - The total comprehensive income for the current period is 55,004,027.07, compared to 46,404,864.75 in the previous period, showing an increase of 18.5%[13] - The company reported a significant increase in prepayments by 30.88%, totaling ¥18,669,677.85 due to new raw material procurement[4]