Group 1: Company Performance and Growth - The company has achieved a historic breakthrough in metamaterial technology, becoming a leader in the global metamaterial industry [2] - Over the past three years, the company's metamaterial business has experienced rapid growth, with expectations for continued high demand during the 14th Five-Year Plan period [2] - The company plans to continuously increase R&D investment in metamaterials to maintain its leading position in the high-end equipment sector [2] Group 2: Market Risks and Competition - The strict performance and quality requirements for high-end equipment make it unlikely for suppliers to change after product finalization, resulting in a high degree of order certainty [3] - The company is actively seeking to attract strategic investors to enhance its shareholder structure and support future development [3] Group 3: Financial Status and Orders - As of now, the company has signed approximately 600 million yuan worth of orders from a total demand of over 1.2 billion yuan with confirmed pricing [3] - The company has improved its payment conditions, receiving a 50% advance payment upon signing contracts, with full payment expected within 3-6 months after delivery [3] - The company has redeemed 1.1 billion yuan from Shengjing Bank, indicating no associated risks with funds held in smaller banks [3]

Financial Performance - The company's revenue for Q3 2022 reached ¥368,473,293.88, representing a 232.90% increase year-over-year[3] - Net profit attributable to shareholders for Q3 2022 was ¥117,567,197.71, a 314.77% increase compared to the same period last year[3] - The net profit after deducting non-recurring gains and losses was ¥114,469,075.50, reflecting a 405.58% increase year-over-year[3] - The basic earnings per share for Q3 2022 was ¥0.055, up 323.08% year-over-year[3] - Total operating revenue for Q3 2022 reached ¥834,635,951.80, a significant increase of 117.6% compared to ¥384,624,093.77 in the same period last year[17] - The total profit for the period was CNY 356,942,412.38, up from CNY 148,033,507.60 in the previous year, representing an increase of approximately 141.5%[18] - The operating profit for the quarter was CNY 361,521,648.12, significantly higher than CNY 147,997,446.32 in the same period last year, reflecting an increase of about 144.3%[18] Cash Flow - The company reported a net cash flow from operating activities of ¥25,133,951.55 for the year-to-date, an increase of 396.52% compared to the same period last year[7] - The net cash flow from operating activities was 25,133,951.55, a significant improvement from -8,476,245.53 in the same quarter last year[21] - Cash inflow from investment activities amounted to 343,310,745.96, up from 138,737,738.20 year-over-year[21] - The net cash flow from investment activities was 15,289,390.00, recovering from -353,581,960.67 in the previous year[21] - Cash inflow from financing activities was 400,000,000.00, a substantial increase from 30,000,000.00 in Q3 2021[21] - The net cash flow from financing activities was -7,716,105.21, compared to -350,799,810.81 in the same quarter last year[21] Assets and Liabilities - The total assets at the end of Q3 2022 amounted to ¥9,322,620,458.34, a 4.13% increase from the end of the previous year[3] - Total liabilities were reported at ¥878,263,126.18, compared to ¥808,375,985.17, marking an increase of 8.6%[16] - The company's equity attributable to shareholders was ¥8,451,522,691.50, up from ¥8,151,933,342.26, reflecting a growth of 3.7%[16] - Current assets totaled ¥7,432,504,732.31, an increase from ¥7,131,858,173.09, representing a growth of 4.2%[16] - Non-current assets reached ¥1,890,115,726.03, up from ¥1,821,407,488.23, showing an increase of 3.8%[16] Revenue from Specific Segments - The company's metamaterials business achieved revenue of CNY 282.67 million in Q3 2022, a significant increase of 431.36% year-on-year[12] - For the first three quarters of 2022, the metamaterials business generated revenue of CNY 640.30 million, up 199.15% year-on-year, accounting for 76.72% of total operating income[12] - The company signed a batch production contract for metamaterials products worth CNY 255.06 million, with CNY 105.71 million being new orders outside the previously disclosed CNY 1.2 billion order demand[13] Shareholder Information - The company’s total number of common shareholders reached 99,991 by the end of the reporting period[9] - The top shareholder, Tibet Yingbang Industrial Development Co., Ltd., holds 36.74% of the shares, totaling 791,701,728 shares[9] - The company’s total number of preferred shareholders was not specified, but the top ten preferred shareholders hold a combined 10.87% of the shares[10] Expenses and Costs - Total operating costs amounted to ¥477,086,410.81, up from ¥272,849,426.23, reflecting a year-over-year increase of 75.0%[17] - Research and development expenses amounted to CNY 49,106,732.60, slightly up from CNY 47,680,891.83 in the previous year, reflecting a 3% increase[18] - The company paid 227,245,155.71 in employee compensation, an increase from 201,282,916.62 year-over-year[21] - Tax payments increased to 69,122,373.94 from 47,535,397.50 in the previous year[21] Investment Income - The company’s investment income decreased by 85.44% to ¥1,933,893.45 due to the impact of financial products and long-term equity investment accounting[7] - The company’s investment income was CNY 1,933,893.45, down from CNY 13,278,477.25 in the same quarter last year, indicating a decline of approximately 85.5%[18]

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥466.16 million, representing a 70.17% increase compared to ¥273.94 million in the same period last year[11]. - Net profit attributable to shareholders was approximately ¥180.07 million, a 95.38% increase from ¥92.16 million year-on-year[11]. - The net profit after deducting non-recurring gains and losses was approximately ¥182.29 million, reflecting a 129.79% increase compared to ¥79.33 million in the previous year[11]. - The net cash flow from operating activities was approximately ¥27.79 million, a significant turnaround from a negative cash flow of ¥60.11 million in the same period last year, marking a 146.23% improvement[11]. - Basic and diluted earnings per share both increased to ¥0.08, doubling from ¥0.04 in the same period last year[11]. - Total operating revenue for the first half of 2022 reached CNY 466,162,657.92, a significant increase from CNY 273,938,826.90 in the same period of 2021, representing a growth of approximately 70.0%[94]. - Net profit for the first half of 2022 was CNY 180,233,736.86, up from CNY 91,929,915.94 in the first half of 2021, reflecting a growth of approximately 96.0%[95]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥9.10 billion, a 1.60% increase from ¥8.95 billion at the end of the previous year[11]. - The total assets of Glory Technology Co., Ltd. amounted to CNY 9,096,184,231.15, an increase from CNY 8,953,265,661.32 at the beginning of the year, representing a growth of approximately 1.6%[90]. - The total liabilities decreased to CNY 770,342,252.73 from CNY 808,375,985.17, showing a reduction of approximately 4.7%[92]. - The total liabilities increased to CNY 199,473,440.62 from CNY 195,484,974.84, showing a rise of about 1.5%[94]. Research and Development - Research and development investment grew by 65.70% year-on-year[15]. - Research and development expenses for the first half of 2022 were CNY 33,699,656.41, compared to CNY 31,740,244.30 in the same period of 2021, indicating an increase of about 6.2%[95]. - The company applied for 9 patents during the reporting period, with 40 patents granted, maintaining a leading position in patent applications in the metamaterial field[16]. Government Support and Subsidies - The company received government subsidies amounting to approximately ¥12.51 million, which are closely related to its normal business operations[13]. - Government grants are classified into asset-related and income-related, with recognition based on the ability to meet conditions and expected receipt of funds[191]. Subsidiaries and Investments - The subsidiary Shenzhen Guoke Advanced Technology Co., Ltd. reported total assets of 2,758,649,951.90 yuan and a net profit of 41,959,946.51 yuan[46]. - The subsidiary Shenzhen Guoke Supermaterial Technology Co., Ltd. achieved a net profit of 136,952,431.84 yuan with total assets of 4,562,546,315.24 yuan[46]. - The company reported a total revenue of approximately 733.84 million for the subsidiary Zhejiang Longsheng Automotive Parts Technology Co., with a net profit of approximately 108.20 million, indicating a loss of about 13.76 million[49]. Cash Flow Management - The net cash flow from operating activities for the first half of 2022 was approximately ¥202.51 million, a significant improvement compared to a net cash outflow of ¥383.77 million in the same period of 2021[102]. - The total cash outflow from investment activities was approximately ¥300.00 million, compared to ¥750.52 million in the first half of 2021, indicating a reduction in investment expenditures[103]. - The company reported a net increase in cash and cash equivalents of approximately ¥14.51 million, contrasting with a significant decrease of ¥1.23 billion in the first half of 2021[103]. Shareholder Information - The total number of shareholders at the end of the reporting period was 118,165, with 5% or more shareholders being 8[81]. - The largest shareholder, Tibet Yingbang Industrial Development Co., Ltd., holds 37.66% of the shares, totaling 811,506,262 shares, with a decrease of 60,338,014 shares during the reporting period[81]. - The company did not conduct any repurchase transactions during the reporting period[85]. Compliance and Governance - The company has faced administrative penalties related to environmental issues during the reporting period[57]. - The company has not faced any penalties related to environmental protection violations during the reporting period, demonstrating compliance with relevant laws and regulations[64]. - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring a true and complete reflection of the company's financial status and operating results[119]. Future Outlook and Strategy - The company plans to enhance its procurement management and stockpile core raw materials to mitigate risks associated with the ongoing COVID-19 pandemic[50]. - The company plans to expand its market presence through strategic partnerships and potential acquisitions in the upcoming quarters[109]. - The company has set a performance guidance for the next quarter, aiming for a revenue growth of approximately 5%[109].

Financial Performance - The company's revenue for Q1 2022 was ¥122,399,842.42, representing an increase of 18.95% compared to ¥102,899,123.83 in the same period last year[3] - Net profit attributable to shareholders was ¥42,706,746.41, a significant increase of 56.91% from ¥27,217,026.35 year-on-year[3] - Basic earnings per share increased by 100.00% to ¥0.02 from ¥0.01 in the same period last year[3] - The company reported a 70.75% increase in net profit attributable to shareholders after deducting non-recurring gains and losses, amounting to ¥37,444,163.08 compared to ¥21,928,937.87 last year[3] - Total operating revenue for Q1 2022 was CNY 122,399,842.42, an increase of 19% compared to CNY 102,899,123.83 in Q1 2021[17] - Net profit for Q1 2022 reached CNY 42,665,676.84, a significant increase of 57% from CNY 27,112,047.14 in Q1 2021[18] - Total comprehensive income for the first quarter was CNY 42,631,375.53, compared to CNY 27,209,098.91 in the previous year, representing an increase of approximately 56.5%[19] Cash Flow and Investments - The net cash flow from operating activities was -¥100,993,167.18, a decrease of 638.30% compared to -¥13,679,198.25 in the previous year[7] - Cash inflows from operating activities totaled CNY 59,400,778.49, down 50.2% from CNY 118,361,903.50 in the same period last year[21] - Net cash outflow from operating activities was CNY -100,993,167.18, compared to CNY -13,679,198.25 in the previous year, indicating a significant decline in cash generation[21] - Cash outflows for investing activities were CNY 68,862,296.23, a decrease from CNY 625,326,672.78 year-over-year[21] - Net cash outflow from investing activities was CNY -49,673,533.64, compared to CNY -592,993,264.52 in the previous year, showing a reduction in investment losses[21] - The company’s cash flow from financing activities resulted in a net outflow of CNY -1,951,854.12, compared to CNY -162,893,576.27 in the previous year[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥9,034,509,973.31, up 0.91% from ¥8,953,265,661.32 at the end of the previous year[3] - Total liabilities increased to CNY 846,988,921.63 in Q1 2022 from CNY 808,375,985.17 in Q1 2021, marking a rise of approximately 5%[16] - The total current assets amounted to RMB 7.14 billion, slightly up from RMB 7.13 billion at the beginning of the year[14] Research and Development - Research and development expenses for the period were ¥10,634,313.08, a decrease of 40.87% from ¥17,984,520.49 in the previous year[5] - Research and development expenses for Q1 2022 were CNY 10,634,313.08, down 41% from CNY 17,984,520.49 in Q1 2021[17] Other Income and Expenses - The company reported a significant increase in other income, which rose by 59.33% to ¥7,423,992.73 from ¥4,659,523.96 year-on-year[5] - The company reported a loss of RMB 6.35 million in its automotive parts business due to intensified competition and rising raw material costs[12] Equity and Goodwill - The total equity attributable to shareholders was ¥8,194,605,787.36, reflecting a 0.52% increase from ¥8,151,933,342.26 at the end of the previous year[3] - The company’s long-term equity investments increased to RMB 49.6 million from RMB 48.0 million, showing a growth of about 3.4%[14] - The company’s goodwill remained stable at RMB 321.4 million, unchanged from the beginning of the year[14] Regulatory and Governance - The company is undergoing regulatory corrections following a decision from the Shenzhen Securities Regulatory Bureau regarding governance and financial disclosure issues[12] Contracts and Pending Deliveries - The company signed a significant sales contract worth RMB 198.7 million for a complex metamaterial aerospace structure, marking the largest single sales contract in its history[12] - As of the end of the reporting period, the company has over RMB 2 billion in pending delivery amounts from signed contracts and production notices[12] Cash and Cash Equivalents - The company's cash and cash equivalents decreased to RMB 5.33 billion from RMB 5.48 billion at the beginning of the year, reflecting a decline of approximately 2.7%[14] - Cash and cash equivalents at the end of the period stood at CNY 5,328,774,052.72, down from CNY 5,553,926,876.76 at the end of the previous year[22]

Financial Performance - The company's revenue for Q3 2021 was ¥110,685,266.87, representing a year-over-year increase of 12.20%[3] - The net profit attributable to shareholders for Q3 2021 was ¥28,344,827.05, a decrease of 9.47% compared to the same period last year[3] - The net profit excluding non-recurring gains and losses was ¥22,641,324.12, showing an increase of 12.35% year-over-year[3] - Total operating revenue for Q3 2021 was CNY 384,624,093.77, an increase of 18.7% compared to CNY 324,154,911.68 in the same period last year[18] - Net profit for Q3 2021 reached CNY 120,151,896.49, representing a 18.4% increase from CNY 101,496,123.94 in Q3 2020[19] - Earnings per share for Q3 2021 were CNY 0.06, compared to CNY 0.05 in the same quarter last year[20] Assets and Liabilities - The total assets at the end of Q3 2021 amounted to ¥8,631,864,148.41, a slight decrease of 0.18% from the end of the previous year[3] - The company's total assets were CNY 8,631,864,148.41, slightly down from CNY 8,647,377,935.63 year-over-year[16] - Non-current assets totaled CNY 1,691,837,844.03, an increase from CNY 1,454,160,245.01 year-over-year[16] - Total liabilities decreased to CNY 644,739,537.20 from CNY 780,375,554.45 in the previous year[16] - The total amount of other current liabilities was CNY 18,004,771.90[26] Cash Flow - The company's cash flow from operating activities for the year-to-date was -¥8,476,245.53, reflecting a significant decrease of 93.34% compared to the previous year[3] - The net cash flow from operating activities for the period was -8,476,245.53 CNY, an increase of 93.34% compared to the same period last year, mainly due to increased sales collections and government subsidies received[9] - The cash inflow from operating activities for the current period is CNY 460,972,582.04, compared to CNY 263,790,141.92 in the previous period, representing a significant increase[21] - The cash outflow from operating activities totaled CNY 469,448,827.57, up from CNY 391,070,994.61 in the previous period, resulting in a net cash flow from operating activities of CNY -8,476,245.53, an improvement from CNY -127,280,852.69[22] Expenses - Management expenses for Q3 2021 rose by 44.21% to ¥80,990,115.92, primarily due to increased employee compensation and depreciation[8] - The company's income tax expense increased by 47.37% to 27,881,611.11 CNY, mainly due to increased profits compared to the same period last year[9] - Research and development expenses for Q3 2021 were CNY 47,680,891.83, a decrease from CNY 52,350,807.55 in the same period last year[18] Inventory and Investments - The company reported a 218.73% increase in inventory, totaling ¥406,098,109.50, due to increased material needs for production[7] - The company’s inventory increased significantly to 406,098,109.50 CNY from 127,411,924.10 CNY, indicating a potential buildup of stock[15] - The company’s long-term equity investments increased to 47,928,175.13 CNY from 45,090,849.48 CNY[15] - The company has made significant investments in fixed assets, with cash outflows for the purchase of fixed assets totaling CNY 228,339,031.07[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 119,051, with the largest shareholder holding 40.46% of the shares[10] - The total equity attributable to shareholders of the parent company was CNY 7,992,536,077.17, up from CNY 7,872,059,731.98 year-over-year[17] - The company’s total equity, including minority interests, was CNY 7,867,002,381.18[26] Financial Standards and Regulations - The company has not audited the third-quarter report[27] - The company implemented new lease standards, resulting in a cumulative impact of CNY 22,939,757.75 on the balance sheet[26]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥273,938,826.90, representing a 21.48% increase compared to ¥225,500,598.13 in the same period last year[12]. - The net profit attributable to shareholders of the listed company was ¥92,161,716.36, a 30.49% increase from ¥70,625,921.99 in the previous year[12]. - The net profit after deducting non-recurring gains and losses was ¥79,327,182.76, which is a 44.99% increase compared to ¥54,712,324.54 in the same period last year[12]. - The basic earnings per share increased to ¥0.04, up 33.33% from ¥0.03 in the previous year[12]. - The total revenue for the reporting period was CNY 273,938,826.90, representing a year-on-year increase of 21.48% compared to CNY 225,500,598.13[22]. - The company reported a net profit of CNY 331,593,424.42 for the period[186]. - The total profit amounted to CNY 114,761,722.79, up from CNY 81,799,458.24, reflecting a growth of 40.3% year-over-year[83]. - The company reported a net profit margin of 12% for the first half of 2021, up from 10% in the same period last year, reflecting improved operational efficiency[116]. Assets and Liabilities - The total assets at the end of the reporting period were ¥8,499,444,178.62, a decrease of 1.71% from ¥8,647,377,935.63 at the end of the previous year[12]. - The total liabilities decreased to ¥540,499,348.50 from ¥780,375,554.45, representing a significant reduction of about 30.8%[77]. - The total current assets decreased to ¥6,865,704,431.34 from ¥7,193,217,690.62, reflecting a decline of about 4.5%[76]. - The company's total non-current liabilities were CNY 166,512,982.22[182]. - The company reported a total cash balance of approximately ¥5.23 billion at the end of the period, down from ¥6.32 billion at the beginning of the period, indicating a decrease of about 17.3%[190]. Cash Flow - The net cash flow from operating activities improved to -¥60,112,798.80, a 38.61% improvement from -¥97,918,908.70 in the same period last year[12]. - The net cash flow from investment activities was CNY -685,361,520.03, a decline of 132.25% due to the scale and duration of financial product purchases[21]. - The net cash flow from financing activities was -347,860,186.77 CNY, compared to a positive flow of 286,927,518.16 CNY previously, showing a shift towards higher cash outflows for debt repayment[90]. - The company reported a significant increase in cash outflows for operating activities, totaling 326,915,126.40 CNY, compared to 295,656,591.18 CNY in the previous period[89]. Revenue Breakdown - The supermaterial business generated revenue of ¥160,840,900, with a year-on-year growth of 16.05%, while batch production revenue was ¥139,812,400, up 13.80%[17]. - The automotive parts business achieved revenue of ¥113,097,900, reflecting a 30.14% increase year-on-year, driven by a recovery in the automotive industry[17]. - The revenue from the super materials industry was CNY 160,840,910.49, accounting for 58.71% of total revenue, with a year-on-year growth of 16.05%[22]. - The automotive parts industry generated CNY 113,097,916.41, which is 41.29% of total revenue, showing a significant increase of 30.14% year-on-year[22]. Research and Development - Research and development expenses decreased by 9.94% to CNY 41,626,068.67, primarily due to reduced investment in smart wearable device development[21]. - The company has filed over 2,200 patents in the supermaterial field, with 37 new applications and 51 new authorizations in the first half of 2021[18]. - The company is focused on the research, production, and sales of next-generation metamaterials and smart wearable equipment[102]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 105,163[64]. - The largest shareholder, Tibet Yingbang Industrial Development Co., Ltd., holds 40.46% of the shares, with a decrease of 6,299,960 shares during the reporting period[64]. - The total number of shares outstanding is 2,154,587,862[62]. Strategic Initiatives - The company plans to implement a stock option incentive plan, granting 8.98 million stock options to 120 eligible participants[39]. - The company aims to deliver 560,000 kilograms of high-performance supermaterial products to support the modernization of China's advanced equipment[19]. - The company is actively pursuing market expansion and new technology development in the metamaterials sector[59]. Compliance and Governance - The company has established a comprehensive internal control system to ensure fair and equitable rights for all shareholders, actively fulfilling information disclosure obligations[42]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[41]. - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[43]. Financial Management - The company has a total of 380,500,000 RMB in entrusted financial management, with an outstanding balance of 325,500,000 RMB[57]. - The company has no significant financial losses or risks associated with its entrusted financial management[57]. - The company has recognized a total of ¥42.19 million in commercial acceptance bills receivable at the end of the period, slightly up from ¥41.08 million at the beginning of the period, reflecting an increase of about 2.7%[193]. Market Outlook - The company provided a positive outlook for the second half of 2021, projecting a revenue growth of 20% to 30% based on current market trends and user acquisition strategies[116]. - The financial report indicates a cautious outlook for the upcoming quarters, with an emphasis on cost management and operational efficiency[96].