Financial Performance - The company's operating revenue for the first half of 2022 was ¥82,617,009.15, a decrease of 25.56% compared to ¥110,985,123.21 in the same period last year[20] - The net profit attributable to shareholders of the listed company was ¥1,588,543.96, representing a significant increase of 119.65% from a loss of ¥8,085,225.13 in the previous year[20] - The net cash flow from operating activities was -¥3,158,176.46, a decline of 142.05% compared to ¥7,510,058.62 in the same period last year[20] - Basic earnings per share improved to ¥0.0059 from -¥0.030, marking a 119.67% increase[20] - The total comprehensive income for the first half of 2022 was ¥681,103.20, compared to a total comprehensive loss of ¥10,378,688.35 in the first half of 2021[167] - The company reported a significant decrease in financial expenses, with a net financial income of ¥7,369,987.90 in the first half of 2022, compared to an expense of ¥2,243,217.87 in the first half of 2021[166] - The company reported a gross profit margin of approximately 1.7% in the first half of 2022, compared to a negative margin in the previous year[166] - The total operating costs decreased to ¥83,973,380.67 in the first half of 2022 from ¥122,556,715.01 in the same period of 2021, reflecting a reduction of 31.4%[166] Assets and Liabilities - Total assets at the end of the reporting period were ¥573,258,556.01, down 5.90% from ¥609,200,653.99 at the end of the previous year[20] - The company's total liabilities decreased to CNY 152,243,125.55 from CNY 188,866,326.73, reflecting a decline of approximately 19.4%[159] - Cash and cash equivalents rose to ¥184,005,284.91, representing 32.10% of total assets, an increase of 2.63%[53] - Accounts receivable decreased by 2.56% to ¥82,780,440.90, accounting for 14.44% of total assets[53] - Inventory increased by 4.87% to ¥94,219,504.78, representing 16.44% of total assets, due to an increase in stock[53] Investment and R&D - The company is focusing on the development of direct methanol fuel cells (DMFC), which are gaining stable growth in foreign orders and have significant market potential in emergency power supply applications[30] - Research and development expenses decreased by 19.57% to ¥8,236,545.39 from ¥10,241,192.97, indicating a reduction in R&D investment[46] - The company is committed to increasing R&D investment and focusing on technological advancements in the organic optoelectronics field[80] - The company has established a strong R&D team with expertise in various fields, ensuring rapid response to market demands and maintaining a competitive edge[42] Market and Business Strategy - The company plans to expand its product offerings in the carbon powder sector and deepen its involvement in the imaging consumables industry[28] - The company is actively developing a cloud-sharing printing system to meet new market demands in the imaging industry[31] - The company is actively seeking third-party collaborations to strengthen its product development and customer service capabilities[83] - The company plans to continue focusing on market expansion and new product development to drive future growth[169] Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements in the report[4] - The ongoing COVID-19 pandemic has led to a decline in demand for printing and copying consumables, particularly in major cities, impacting sales[79] - The company faces risks from intensified competition in the printing consumables industry, which may lead to price declines[77] - The company is facing risks related to inventory pressure and accounts receivable due to the nature of its production[82] Corporate Governance - The company held its annual general meeting on May 20, 2022, with an investor participation rate of 41.93%[85] - No cash dividends, stock bonuses, or capital reserve transfers to increase share capital were planned for the half-year period[87] - There were no changes in the company's board of directors, supervisors, or senior management during the reporting period[86] - The company has not faced any administrative penalties related to environmental issues during the reporting period[91] Community and Environmental Responsibility - The company has established a comprehensive energy-saving management system and implemented measures to reduce carbon emissions[92] - The company has received ISO 14001:2015 environmental management system certification, emphasizing its commitment to sustainable development[93] - The company donated RMB 200,000 to the Suzhou High-tech Zone Shishan Street Community Development Foundation to support local community development[101] Shareholder Information - The total number of shares held by shareholders is 268,800,000, with 100% ownership[139] - The largest shareholder, Yu Rongqing, holds 32.52% of the shares, totaling 7,740,128 shares, with a decrease of 18,820,000 shares during the reporting period[144] - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period[147] - The shareholder structure remains stable, with no new significant changes reported in the shareholder base[143]

Financial Performance - The company's revenue for Q1 2021 was ¥55,715,941.68, a decrease of 3.15% compared to ¥57,526,391.38 in the same period last year[7] - The net profit attributable to shareholders was a loss of ¥1,516,030.28, representing a decline of 147.71% from a profit of ¥3,177,435.86 in the previous year[7] - Basic and diluted earnings per share were both -¥0.0056, a decrease of 147.46% compared to ¥0.0118 in the previous year[7] - The net profit for Q1 2021 was a loss of CNY 2,814,719.43, compared to a profit of CNY 3,602,672.06 in the same period last year[45] - The company reported a total comprehensive loss of CNY 2,749,522.74, compared to a comprehensive income of CNY 3,332,381.00 in the prior period[46] - The net profit for Q1 2021 was CNY 1,873,555.54, an increase from CNY 1,835,895.61 in the same period last year, reflecting a growth of approximately 2.06%[49] - Operating profit for the quarter was CNY 2,210,465.39, slightly down from CNY 2,220,024.29 year-over-year[49] Cash Flow - The net cash flow from operating activities was ¥89,522.88, down 99.45% from ¥16,255,344.71 in the same period last year[7] - Cash flow from operating activities showed a net inflow of CNY 89,522.88, a significant decrease from CNY 16,255,344.71 in the previous year[53] - The company’s operating cash outflow totaled CNY 90,255,322.15, compared to CNY 64,452,264.71 in the previous year, indicating an increase in cash outflows[53] - Cash flow from financing activities resulted in a net outflow of -86,625.00, compared to -1,005,575.00 last year[57] - The company reported a cash inflow from financing activities of 3,738.45, down from 10,228.90 year-over-year[57] Assets and Liabilities - Total assets at the end of the reporting period were ¥778,990,858.58, a decrease of 1.24% from ¥788,796,690.82 at the end of the previous year[7] - The net assets attributable to shareholders were ¥579,207,094.74, down 0.25% from ¥580,657,928.33 at the end of the previous year[7] - Total liabilities decreased to CNY 178,814,331.54 from CNY 186,027,167.51, a reduction of about 3.65%[37] - The company's equity totaled CNY 600,176,527.04, down from CNY 602,769,523.31, reflecting a decrease of approximately 0.43%[38] - Current assets totaled CNY 526,267,633.96, slightly down from CNY 533,494,538.15, indicating a decrease of about 1.43%[35] Shareholder Information - The total number of common shareholders at the end of the reporting period was 16,672[11] - The largest shareholder, Yu Rongqing, holds 39.52% of the shares, with 79,680,384 shares pledged[11] - The company did not engage in any repurchase transactions during the reporting period[12] Research and Development - Research and development expenses increased by 33.67% to 5,499,539.73 from 4,114,120.99 due to higher R&D investments[15] - Research and development expenses rose to CNY 5,499,539.73 from CNY 4,114,120.99, indicating a focus on innovation[44] Investment Activities - The cash flow from investment activities decreased by 404.90% to -13,000,937.73 from 4,264,054.08 mainly due to cash outflows for purchasing financial products[15] - Investment activities resulted in a net cash outflow of CNY 13,000,937.73, compared to a net inflow of CNY 4,264,054.08 in the same period last year[53] Other Financial Metrics - Non-recurring gains and losses totaled ¥366,300.19, primarily from government subsidies and asset disposal gains[8] - Other income decreased to CNY 389,339.35 from CNY 1,025,124.13, reflecting challenges in generating additional revenue streams[44] - The company paid CNY 86,625.00 in dividends during the quarter, down from CNY 1,005,575.00 in the same period last year[54] Compliance and Standards - The first quarter report was not audited[60] - The company executed the revised accounting standards for leases starting January 1, 2021, without adjustments to prior period comparative data[60]

Financial Performance - The company's revenue for Q3 2021 was ¥58,177,228.28, a decrease of 56.47% compared to the same period last year[2] - The net profit attributable to shareholders was a loss of ¥3,392,149.04, representing a decline of 139.12% year-on-year[2] - Total operating revenue for Q3 2021 was ¥169,162,351.49, a decrease of 39.1% compared to ¥277,309,945.99 in the same period last year[20] - Net profit for Q3 2021 was a loss of ¥14,142,477.86, compared to a profit of ¥18,452,587.13 in Q3 2020, marking a significant decline[21] - The company reported a total comprehensive loss of ¥14,040,313.80 for Q3 2021, compared to a comprehensive income of ¥18,185,599.60 in the same period last year[22] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥27,408,598.30, down 28.74% compared to the previous year[8] - The net cash flow from operating activities for Q3 2021 was ¥27,408,598.30, a decrease of 28.7% compared to ¥38,461,974.76 in Q3 2020[24] - Total cash inflow from operating activities was ¥236,333,467.25, while cash outflow was ¥208,924,868.95, resulting in a net cash inflow[24] - The net cash flow from financing activities was -¥11,783,744.82, compared to -¥54,221,304.68 in Q3 2020, indicating an improvement[25] - The company reported a total cash outflow of ¥14,445,360.05 related to other operating activities, down from ¥44,915,999.60 in Q3 2020[24] Assets and Liabilities - Total assets at the end of Q3 2021 were ¥758,163,506.83, a decrease of 3.88% from the end of the previous year[3] - The company's total liabilities decreased to ¥174,810,297.32 from ¥186,027,167.51, reflecting a reduction of 6.5%[21] - The total equity attributable to shareholders decreased to ¥563,906,718.22 from ¥580,657,928.33, a decline of 2.9%[21] - Current assets totaled RMB 501.19 million, down from RMB 533.49 million, indicating a decrease of about 6.0%[16] - Total current liabilities decreased to RMB 171.47 million from RMB 182.95 million, a reduction of approximately 6.3%[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,641[10] - Basic and diluted earnings per share for Q3 2021 were both -¥0.0427, compared to ¥0.0617 in the same quarter last year[22] Investment and Expenses - The company’s investment income decreased by 83.64% to ¥926,610.21, primarily due to reduced financial investment returns[8] - Research and development expenses for Q3 2021 were ¥14,941,273.83, slightly up from ¥14,796,695.74 year-over-year[21] - The cash received from investment income was ¥1,972,038.63, a decrease from ¥4,509,379.78 in the previous year[24] Operational Challenges - The company has been affected by energy consumption control policies, leading to reduced production time and potential impacts on output and profitability[13] - The company is actively communicating with local government regarding power supply issues to mitigate the impact of electricity consumption restrictions[14] Other Information - The company did not undergo an audit for the Q3 2021 report[26] - The report indicates that the company has not applied the new leasing standards for the current year[26]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥110,985,123.21, a decrease of 22.74% compared to ¥143,654,132.47 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was -¥8,085,225.13, representing a decline of 202.06% from a profit of ¥7,921,950.02 in the previous year[19]. - The net cash flow from operating activities was ¥7,510,058.62, down 78.08% from ¥34,254,068.66 in the same period last year[19]. - The basic earnings per share were -¥0.030, a decrease of 203.45% compared to ¥0.029 in the previous year[19]. - The company's revenue for the reporting period was ¥110,985,123.21, a decrease of 22.74% compared to ¥143,654,132.47 in the same period last year[44]. - Operating costs decreased by 10.91% to ¥98,641,940.83 from ¥110,721,704.05 year-on-year[44]. - The company reported a significant increase in financial expenses by 206.96% to ¥2,243,217.87, primarily due to fluctuations in the USD exchange rate[45]. - The company reported a net loss of CNY 5,376,000 for the current period, compared to a loss of CNY 2,364,000 in the previous period, indicating a significant increase in losses[170]. Assets and Liabilities - Total assets at the end of the reporting period were ¥755,299,480.47, a decrease of 4.25% from ¥788,796,690.82 at the end of the previous year[19]. - The company's total liabilities were RMB 168,284,645.51, down from RMB 186,027,167.51, reflecting a decrease of approximately 9.5%[147]. - Cash and cash equivalents decreased to ¥165,375,469, accounting for 21.90% of total assets, down from 23.20% at the end of the previous year, a decrease of 1.30% due to reduced bank deposits[56]. - Accounts receivable decreased to ¥93,432,224, representing 12.37% of total assets, down from 16.34% last year, a decrease of 3.97% attributed to reduced receivables[56]. - The company's total equity attributable to shareholders of the parent company was CNY 504,718,356.60 as of June 30, 2021, compared to CNY 511,401,493.37 at the end of 2020[152]. Business Operations - The company's main business involves "imaging consumables + information security," with significant advancements in the development of new energy management systems and core materials[27]. - The core product, Organic Photo-Conductor Drum (OPC), has seen improved quality and efficiency, with successful development of a flexible PIP imaging belt for color printing[27]. - The company has expanded its traditional business to include international and domestic trade of toner, drum, and other printing consumables, enhancing its market reach[27]. - The imaging consumables industry is in a fully competitive stage, with a focus on innovation and technology to maintain market position[34]. - The company aims to expand its market share by enhancing cooperation with original equipment manufacturers (OEMs) and increasing its presence in the OEM/ODM business[35]. Research and Development - Research and development expenses increased by 9.41% to ¥10,241,192.97, reflecting a commitment to innovation[45]. - The company has developed a complete independent technology system in the field of information security, with 82 software development copyrights obtained[38]. - The company has established two research and development platforms, enhancing its ability to respond quickly to market demands[39]. - The company maintains a stable R&D team, with approximately 60% of its personnel engaged in technology and research[40]. - The company is focusing on enhancing its R&D capabilities in the organic optoelectronics field and tracking trends in laser printing technology[69]. Market and Competition - The company faces risks from intensified industry competition and rising operational costs due to increased raw material and transportation expenses[67]. - The company plans to enhance R&D innovation and improve cost control to maintain product quality and market competitiveness[68]. - The company has implemented strict credit policies to mitigate risks associated with accounts receivable, but industry competition has led to delayed payments from clients[76]. Corporate Governance and Compliance - A robust internal control governance system is in place to ensure fair and transparent rights for all shareholders and creditors[86]. - The company has established a scientific employee compensation system and health management policies to protect employee rights and promote well-being[87]. - The company has not faced any environmental penalties and complies with relevant environmental laws and regulations[84]. - The company is recognized as an environmentally compliant unit and has obtained ISO 14001:2015 certification[84]. Shareholder Information - The largest shareholder, Yu Rongqing, holds 39.52% of the shares, amounting to 106,240,512 shares, with 79,680,384 shares under lock-up[131]. - The total number of shares before the change was 268,800,000, with 36.25% being limited shares and 63.75% being unrestricted shares[126]. - The report indicates that there are no new shares issued or repurchased during the period[127]. - The company has not disclosed any significant changes in shareholding structure or any new strategic partnerships during the reporting period[129]. Future Outlook - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company plans to focus on expanding its trade segment and improving operational efficiency in the manufacturing sector[46]. - The company has not yet initiated efforts to consolidate and expand poverty alleviation achievements or rural revitalization during the reporting period[91].

Financial Performance - The company's revenue for Q1 2022 was ¥36,885,492.72, a decrease of 50.93% compared to ¥75,169,336.45 in the same period last year[4] - The net profit attributable to shareholders was -¥3,856,036.25, representing a decline of 209.42% from ¥3,523,958.63 in the previous year[4] - The net profit for Q1 2022 was a loss of CNY 3,952,216.76, compared to a profit of CNY 4,257,956.55 in Q1 2021, representing a significant decline[25] - Basic and diluted earnings per share for Q1 2022 were both -0.0143, compared to 0.0131 in Q1 2021[26] - The company reported a total comprehensive income of -CNY 4,045,525.64 for Q1 2022, compared to CNY 4,323,153.24 in Q1 2021[25] Cash Flow - The net cash flow from operating activities was -¥170,351.25, a decrease of 290.29% compared to ¥89,522.88 in Q1 2021[12] - The company's cash inflow from operating activities was CNY 63,671,654.85, down 29.6% from CNY 90,344,845.03 in the same period last year[27] - The cash paid for purchasing goods and services was CNY 48,167,307.85, down from CNY 68,738,928.92 in the previous year, indicating a reduction of 30.0%[27] - The company reported a total cash outflow from operating activities of CNY 63,842,006.10, compared to CNY 90,255,322.15 in the previous year[29] - The ending balance of cash and cash equivalents was CNY 159,594,404.25, down from CNY 163,657,474.80 year-over-year[29] Assets and Liabilities - The total assets at the end of the reporting period were ¥586,462,488.64, down 3.73% from ¥609,200,653.99 at the end of the previous year[5] - The company reported a total of 430,315,328.06 in current assets, down from 453,462,793.66 at the beginning of the year[21] - Total liabilities decreased to CNY 170,173,687.02 in Q1 2022 from CNY 188,866,326.73 in Q1 2021, a reduction of 9.8%[22] - The total current liabilities decreased to CNY 153,775,918.42 from CNY 157,000,000.00, showing a reduction of approximately 2.8%[21] - The company's fixed assets decreased to CNY 83,591,504.75 from CNY 86,218,623.77, a decline of approximately 3.0%[21] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 17,425[13] - The largest shareholder, Yu Rongqing, holds 32.52% of the shares, amounting to 87,420,512 shares[14] - Major shareholder Yu Rongqing completed the transfer of shares on January 7, 2022, with the registration confirmed on January 10, 2022[16] - The company plans to reduce shares by up to 2,688,000 shares (1% of total shares) within six months starting from March 15, 2022[17] Investment and Income - The company reported a significant increase in investment income, which rose by 1472.86% to ¥435,636.45 compared to -¥31,731.93 in Q1 2021[11] - Government subsidies recognized during the period amounted to ¥2,049,733.62, an increase of 426.46% from ¥389,339.35 in the previous year[11] - The company experienced a 100% decrease in the disposal gains of fixed assets, reporting zero compared to ¥94,578.57 in the previous year[11] Research and Development - Research and development expenses for Q1 2022 were CNY 3,851,966.07, a decrease of 30.0% from CNY 5,499,539.73 in Q1 2021[23] Other Financial Metrics - Total operating revenue for Q1 2022 was CNY 36,885,492.72, a decrease of 51.0% compared to CNY 75,169,336.45 in Q1 2021[23] - Total operating costs for Q1 2022 were CNY 42,154,818.30, down 40.2% from CNY 70,478,605.61 in the previous year[23] - The total cash inflow from investment activities was CNY 56,335,636.45, up from CNY 5,657,619.22 year-over-year[29] - The net cash flow from investment activities was CNY 4,814,454.13, recovering from a loss of CNY 13,000,937.73 in the previous year[29] - The total cash outflow from financing activities was CNY 92,637.31, slightly increased from CNY 90,363.45 year-over-year[29] - The net cash flow from financing activities was -CNY 83,755.13, compared to -CNY 86,625.00 in the previous year[29] - The impact of exchange rate changes on cash and cash equivalents was -CNY 498,848.40, contrasting with a positive impact of CNY 1,142,270.79 in the previous year[29] Audit Status - The company’s first-quarter report was not audited[30]

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-on-year increase of 15% compared to 2020[16]. - The net profit attributable to shareholders was RMB 150 million, which is a 10% increase from the previous year[16]. - The company's operating revenue for 2021 was ¥237,676,536.68, a decrease of 51.17% compared to ¥486,773,481.46 in 2020[22]. - The net profit attributable to shareholders for 2021 was -¥163,466,352.72, representing a decline of 743.13% from ¥25,417,250.71 in 2020[22]. - The net cash flow from operating activities for 2021 was ¥18,578,419.08, down 43.37% from ¥32,805,529.12 in 2020[22]. - The total assets at the end of 2021 were ¥609,200,653.99, a decrease of 22.77% from ¥788,796,690.82 at the end of 2020[22]. - The basic earnings per share for 2021 was -¥0.608, a decline of 740.00% from ¥0.095 in 2020[22]. - The weighted average return on equity for 2021 was -32.76%, a decrease of 37.09% from 4.33% in 2020[22]. - The company reported a total of ¥6,112,247.29 in non-recurring gains and losses for 2021, compared to ¥9,174,872.82 in 2020[27]. - The company reported a total revenue of 238 million RMB, a decrease of 51.17% compared to the previous year, and a net loss attributable to shareholders of 163 million RMB, a decline of 743.13%[62]. Market Strategy and Expansion - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 30% increase in market share within the next two years[16]. - The company is actively expanding into international markets, targeting regions such as Europe, North America, South America, Southeast Asia, and Africa to enhance export scale[65]. - The company is expanding into the original equipment manufacturer (OEM) market for printers, aiming to capture new opportunities arising from domestic printer production[39]. - The company is focusing on high-end product sales and expanding its market coverage to improve economic efficiency[46]. - The company plans to enhance marketing and expand market channels to mitigate the impact of inventory adjustments and external factors[80]. Research and Development - The company plans to invest 20% of its revenue into research and development for new product innovations in the upcoming year[16]. - The company is developing new technologies in the field of organic photoconductors, with an expected launch in Q3 2022[16]. - The company has established a research and development team with a technical staff ratio of about 65%, focusing on advanced functional materials and optical electronic devices[58]. - Research and development expenses amounted to 19,819,857.95 CNY in 2021, a decrease of 2.29% from 20,285,067.84 CNY in 2020, while accounting for 8.34% of operating revenue[89]. - The company is focusing on R&D innovation and cost control to enhance product quality and pricing power in response to increasing competition in the industry[145]. Technological Advancements - The company has developed a highly automated high-resolution laser OPC drum production line, becoming the first in China to master the production technology, significantly reducing reliance on foreign equipment[49]. - The integration of blockchain-related algorithms into security products has strengthened their safety and confidentiality, positioning the company favorably in the information security sector[46]. - The company is leveraging its local advantages in Suzhou to innovate in new materials and manufacturing processes, maintaining a leading position in product performance and cost-effectiveness[50]. - The company aims to integrate its hardware and software capabilities to expand market opportunities in information security and enhance product quality[144]. Risk Management - Risks associated with market competition and technological innovation have been identified, with strategies in place to mitigate these risks[6]. - The company faces risks related to intellectual property infringement claims as it expands its business and product range[148]. - The company is monitoring exchange rate fluctuations, particularly with USD assets, to mitigate risks associated with international sales[152]. Corporate Governance - The company has established a robust governance structure in compliance with relevant laws and regulations, enhancing its operational transparency[156]. - The company is committed to maintaining independence from its controlling shareholders, ensuring fair and reasonable related-party transactions[158]. - The company has conducted two shareholder meetings in 2021, ensuring equal treatment of all shareholders and maintaining open communication channels[157]. - The company has established a comprehensive and transparent performance evaluation and incentive mechanism to enhance management performance[163]. Employee Management - The total number of employees at the end of the reporting period was 366, with 211 in production, 24 in sales, 71 in technology, 14 in finance, and 46 in administration[198]. - The total employee compensation accounted for 16.7% of the company's total costs in 2021[199]. - The number of core technical personnel was 71, representing 19.4% of the total workforce, with their compensation accounting for 33.4% of total employee compensation, showing a slight increase compared to previous years[200]. Product Development - The company is focusing on the development of new products, including a shared cloud printing system to meet market demands for shared printing and cloud office solutions[62]. - The company plans to launch three new products in the next quarter, aiming to capture an additional 10% market share[185]. - The management team emphasized a focus on sustainability and green technology in future product development[185]. Financial Management - The company has received approval for the new construction plan from the relevant authorities and is proceeding with the necessary preparations[119]. - The company has not reported any issues or problems in the disclosure of the use of raised funds during the reporting period[121]. - The company has not engaged in any significant equity or non-equity investments during the reporting period[109].

Financial Performance - The company's revenue for Q3 2021 was ¥69,045,152.81, a decrease of 48.34% compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2021 was ¥2,867,368.22, down 66.93% year-on-year[3]. - The basic earnings per share for Q3 2021 was ¥0.0107, reflecting a decline of 66.87% compared to the previous year[3]. - Total operating revenue for Q3 2021 was CNY 217,030,840.60, a decrease of 21.8% compared to CNY 277,309,945.99 in the same period last year[19]. - Net profit for Q3 2021 was CNY 16,059,231.11, a decline of 13.0% from CNY 18,452,587.13 in Q3 2020[21]. - Earnings per share for Q3 2021 were CNY 0.0374, down from CNY 0.0617 in the previous year[22]. Assets and Liabilities - The total assets at the end of Q3 2021 amounted to ¥799,164,875.18, an increase of 1.31% from the end of the previous year[4]. - The total assets of the company as of the end of Q3 2021 were CNY 799,164,875.18, an increase from CNY 788,796,690.82 at the end of the previous year[19]. - The total liabilities of the company were CNY 185,609,956.70, slightly down from CNY 186,027,167.51 year-on-year[19]. - The company reported a total current liabilities of CNY 182,000,000.00, with short-term borrowings at CNY 82,868,852.77, slightly up from CNY 81,930,048.61[17]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥27,408,598.30, down 28.74% compared to the same period last year[9]. - Cash flow from operating activities for Q3 2021 was CNY 27,408,598.30, a decrease of 28.7% compared to CNY 38,461,974.76 in Q3 2020[23]. - Cash inflow from operating activities totaled CNY 236,333,467.25, down 29.0% from CNY 333,155,629.74 year-on-year[23]. - Cash outflow from operating activities was CNY 208,924,868.95, a reduction of 29.0% compared to CNY 294,693,654.98 in the same period last year[23]. - The net cash flow from investment activities was -23,762,187.75 CNY, a decrease from -5,864,731.54 CNY in the previous quarter[24]. - Cash inflow from financing activities totaled 45,362,708.18 CNY, compared to 31,953,183.68 CNY in the prior quarter, marking an increase of approximately 42%[24]. - The net cash flow from financing activities was -11,783,744.82 CNY, improving from -54,221,304.68 CNY in the previous quarter[24]. Shareholder Information - The company’s total equity attributable to shareholders was ¥585,428,456.03, reflecting a slight increase of 0.82% from the previous year[4]. - The number of ordinary shareholders at the end of the reporting period was 19,641, with the largest shareholder holding 39.52% of the shares[10]. Investments and Assets Management - The company reported a significant increase in contract assets, which rose by 64.70% to ¥80,337,644.79 due to an increase in receivables[8]. - The company’s investment income for the year-to-date decreased by 83.64% to ¥926,610.21, primarily due to reduced financial investment returns[9]. - The company plans to transfer its 27.5% stake in Zhuhai Baolitong Consumables Co., Ltd. for CNY 845,000, which is a premium of CNY 195,000 over the original investment of CNY 650,000[13]. Operational Challenges - The company has been affected by energy consumption control policies, leading to reduced production time and potential impacts on future output and efficiency[14]. - The company has maintained communication with local government regarding power supply issues to mitigate the impact of electricity restrictions on operations[14]. Other Financial Metrics - The company’s long-term equity investments stood at CNY 5,743,282.34, a slight decrease from CNY 5,795,312.33 at the end of 2020[17]. - The cash and cash equivalents at the end of the period were 166,985,451.83 CNY, slightly up from 165,675,459.31 CNY year-over-year[24]. - The cash inflow from borrowing was 37,700,000.00 CNY, an increase from 31,740,000.00 CNY in the previous quarter[24]. - The cash outflow for repaying debts was 37,740,000.00 CNY, a decrease from 70,000,000.00 CNY in the previous quarter[24]. - The impact of exchange rate changes on cash and cash equivalents was -390,457.76 CNY, compared to -1,426,428.93 CNY in the previous quarter[24]. Audit and Compliance - The company did not undergo an audit for the third quarter report[26]. - The company has not applied the new leasing standards for the financial statements[25].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥147,985,687.79, representing a 3.02% increase compared to ¥143,654,132.47 in the same period last year[22]. - The net profit attributable to shareholders of the listed company decreased by 9.40% to ¥7,176,995.42 from ¥7,921,950.02 in the previous year[22]. - The net profit after deducting non-recurring gains and losses increased significantly by 116.08% to ¥6,431,884.13, compared to ¥2,976,588.60 in the same period last year[22]. - The net cash flow from operating activities dropped by 78.08% to ¥7,510,058.62, down from ¥34,254,068.66 in the previous year[22]. - The total assets at the end of the reporting period were ¥785,291,128.27, a decrease of 0.44% from ¥788,796,690.82 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company increased by 0.32% to ¥582,529,913.37 from ¥580,657,928.33 at the end of the previous year[22]. - Basic earnings per share decreased by 6.90% to ¥0.027 from ¥0.029 in the same period last year[22]. - The diluted earnings per share also decreased by 6.90% to ¥0.027 from ¥0.029 in the previous year[22]. - The weighted average return on net assets was 1.23%, down from 1.36% in the same period last year[22]. Business Development and Innovation - The company has significantly improved the quality and efficiency of its large engineering drum cores, achieving a notable enhancement compared to previous years[30]. - The company successfully developed a flexible PIP imaging belt suitable for color printing, marking a first in the domestic market[30]. - The company is expanding its business into the new energy sector, focusing on direct methanol fuel cells (DMFC) which have gained attention for their efficiency and application in various fields[34]. - The company has made initial progress in lithium battery material research and is working towards achieving mass production capabilities[36]. - The company’s core business remains the production and sales of laser organic photo-conductor drums, which are essential components in various printing and copying devices[32]. - The company’s subsidiary, Minbao Information, specializes in information security software development and has obtained multiple certifications, enhancing its market position[31]. - The company is actively exploring new market opportunities in energy management and new materials, aiming to adapt to the growing demand in the domestic new energy sector[35]. - The company’s traditional business has been extended vertically across multiple segments of the imaging consumables industry chain[30]. - The company is positioned in a highly competitive market, with a focus on technological innovation and cost advantages to maintain its industry standing[37]. - The company has developed into one of the global leaders in the laser OPC industry, focusing on high-end and innovative products while improving production efficiency of existing products[38]. - The company aims to expand its market share by categorizing customers and targeting high-quality collaborations, enhancing its OEM/ODM business in the original equipment market[38]. - The company has successfully developed a PIP transfer imaging belt for high-speed digital printing machines, with ongoing efforts to establish automated production lines for mass production[41]. - The company has obtained 82 software development copyrights and various certifications, including CMMI5 and information security service qualifications, enhancing its competitive edge in the information security sector[41]. - The company emphasizes a strong R&D capability with two provincial-level technology centers, enabling rapid response to market demands and the development of unique products[42]. - Approximately 60% of the company's workforce consists of technical and R&D personnel, fostering a robust talent pool for innovation and development[43]. Financial Management and Risks - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company reported a non-operating income of ¥745,111.29, which includes government subsidies of ¥603,935.95 and financial investment income of ¥410,000.27[27]. - The company faces risks from intensified market competition, particularly in the laser consumables industry, which may lead to declining sales prices[72]. - The company plans to enhance R&D innovation and develop high-end products to improve product quality and market pricing power[73]. - There is a risk of not meeting performance commitments related to the acquisition of Minbao Information, with a total net profit commitment of no less than 198.08 million yuan from 2019 to 2024[75]. - The company has established performance compensation clauses to mitigate risks associated with the acquisition of Minbao Information[76]. - The company is focused on integrating resources between the parent and subsidiary companies to enhance competitiveness and profitability[76]. - The company acknowledges the risk of potential intellectual property infringement claims as it expands its business and product range[74]. - The company recognizes management risks associated with its expanding scale, which may impact operational goals if management systems do not adapt accordingly[76]. - The company plans to enhance management concepts and improve existing management methods to align with its current development stage[77]. - The company faces risks from exchange rate fluctuations, particularly as its foreign sales revenue is primarily settled in USD, which constitutes a significant portion of total assets[77]. - The company has implemented strict credit review processes to mitigate accounts receivable risks, but industry competition has led to delayed payment issues from clients[77]. Shareholder Information - The company did not distribute cash dividends or issue bonus shares for the half-year period[82]. - The company has not implemented any employee stock ownership plans or other incentive measures during the reporting period[83]. - The total number of shares is 268,800,000, with 36.25% (97,427,554 shares) being restricted shares and 63.75% (171,372,446 shares) being unrestricted shares[125]. - The largest shareholder, Yu Rongqing, holds 39.52% of the total shares, amounting to 106,240 shares increase during the reporting period[130]. - The second-largest shareholder, Lan Shanying, holds 7.29% of the total shares, with no changes in the number of shares during the reporting period[130]. - The company has a total of 14,547 common shareholders at the end of the reporting period[130]. - There are no changes in the restricted shares for the major shareholders during the reporting period[127]. - Yu Rongqing has pledged 6,377,552 shares, while Lan Shanying has pledged 19,590,000 shares[130]. - The company has not implemented any share buyback or reduction during the reporting period[126]. Compliance and Governance - The company has established a robust internal control governance system to ensure fair and transparent rights for all shareholders and creditors[87]. - The company actively engages in customer satisfaction surveys to optimize sales models and enhance after-sales service[89]. - The company has not yet initiated efforts to consolidate or expand poverty alleviation achievements during the reporting period[91]. - The company is focused on creating a harmonious development between economic benefits and social responsibilities[86]. - The company has committed to a net profit of no less than RMB 1,500 million for the year 2019, with cumulative actual net profits from 2019 to 2020 not less than RMB 3,700 million[96]. - Cumulative actual net profits from 2019 to 2021 are expected to be no less than RMB 6,560 million, and from 2019 to 2022, no less than RMB 10,278 million[96]. - The company has set a cumulative net profit target of no less than RMB 14,728 million from 2019 to 2023[97]. - The cumulative actual net profit target for the period ending in 2024 is set at no less than RMB 19,808 million[97]. - The company has established a compensation arrangement for performance commitments, where cash compensation will be made if the net profit does not meet the agreed targets[98]. - There are no non-operating fund occupations by controlling shareholders or other related parties during the reporting period[100]. - The company has not engaged in any violations regarding external guarantees during the reporting period[101]. - The semi-annual financial report has not been audited[102]. Legal and Arbitration Matters - The company reported a significant litigation case involving Shenzhen Yibao Technology Co., with a disputed amount of 636.8 thousand yuan, which has not yet been adjudicated[104]. - The company has ongoing arbitration cases with a total claim amount of 82.5 thousand yuan, with some amounts already in the execution phase[105]. Financial Reporting and Accounting - The financial report for the first half of 2021 was not audited[142]. - The company has established a comprehensive financial reporting framework based on the continuous operation assumption, adhering to the accounting standards set by the Ministry of Finance[188]. - The company confirms its ability to continue operations for at least 12 months from the end of the reporting period without significant issues affecting this capability[189]. - The financial statements are prepared in RMB for domestic subsidiaries and in USD for overseas subsidiaries, ensuring consistency in reporting currency[194]. - The company follows the equity method for accounting for investments in subsidiaries, recognizing assets and liabilities at their book value on the merger date[195]. - The company’s accounting policies and estimates are aligned with the relevant accounting standards, ensuring accurate financial reporting[190]. - The company’s operating cycle is defined as 12 months, which is critical for financial planning and reporting[193]. - The company has a clear methodology for consolidating financial statements, ensuring that intercompany transactions are eliminated to present a true financial position[199]. - The company’s financial reports reflect a true and complete view of its financial status, operating results, and cash flows[191]. - The company has not reported any significant changes in the scope of consolidation during the reporting period[199].

Financial Performance - The company's revenue for Q1 2021 was ¥75,169,336.45, representing a 30.67% increase compared to ¥57,526,391.38 in the same period last year[8] - Net profit attributable to shareholders was ¥3,523,958.63, up 10.91% from ¥3,177,435.86 year-on-year[8] - The net profit after deducting non-recurring gains and losses increased by 52.57%, reaching ¥3,157,658.44 compared to ¥2,069,663.74 in the previous year[8] - Net profit for Q1 2021 was ¥4,257,956.55, compared to ¥3,602,672.06 in the same period last year, reflecting a growth of approximately 18.2%[47] - The total comprehensive income for the quarter was CNY 1,873,555.54, compared to CNY 1,835,895.61 in the same quarter last year[52] Cash Flow - The net cash flow from operating activities significantly decreased by 99.45%, amounting to ¥89,522.88, down from ¥16,255,344.71 in the same period last year[8] - Cash flow from operating activities plummeted by 99.45% to ¥89,522.88, mainly due to increased cash payments for goods and services[18] - Cash flow from investing activities decreased by 404.90% to -¥13,000,937.73, primarily due to reduced cash from the redemption of financial products[18] - The company incurred a total cash outflow from operating activities of CNY 90,255,322.15, compared to CNY 64,452,264.71 in the previous year[55] - The net cash flow from investment activities was -3,175,553.72, compared to -29,448,426.95 in the previous year, indicating a significant reduction in cash outflow[59] Assets and Liabilities - Total assets at the end of the reporting period were ¥791,098,463.45, a slight increase of 0.29% from ¥788,796,690.82 at the end of the previous year[8] - Total liabilities as of March 31, 2021, were CNY 183,849,260.43, down from CNY 186,027,167.51, reflecting a decrease of approximately 1.3%[39] - The company's total equity increased to CNY 607,249,203.02 from CNY 602,769,523.31, marking a growth of about 0.8%[40] - The company's total liabilities decreased to ¥136,943,958.50 from ¥141,144,953.96[46] Investments and Expenses - R&D expenses increased by 33.67% to ¥5,499,539.73, primarily due to increased investment in research and development[17] - Investment income dropped by 107.58% to -¥31,731.93, attributed to the absence of financial investment income this period[17] - Sales expenses decreased by 39.30% to ¥2,028,008.74 due to the implementation of new revenue standards and adjustments in freight costs[17] - The company reported a significant increase in credit impairment losses by 302.64% to ¥682,028.92, mainly due to a decrease in bad debt provisions[17] Current Assets and Ratios - As of March 31, 2021, total current assets amounted to CNY 538,256,633.96, slightly up from CNY 533,494,538.15 at the end of 2020, indicating a growth of approximately 1.4%[37] - The current ratio improved slightly, with current liabilities totaling CNY 180,537,468.64 compared to current assets of CNY 538,256,633.96, suggesting a healthy liquidity position[39] Other Notable Information - The company received a high-tech enterprise certificate valid for three years from April 1, 2021, enhancing its technological credibility[20] - The laser organic light guide drum expansion project reached an investment progress of 96.24% as of March 31, 2021[27] - The company has plans for market expansion and new product development, although specific figures and timelines were not disclosed in the report[40] - The first quarter report was not audited, which may affect the reliability of the financial data presented[62]

Financial Performance - The company's operating revenue for 2020 was CNY 486,773,481.46, representing a 53.86% increase compared to CNY 316,379,060.65 in 2019[16] - The net profit attributable to shareholders for 2020 was CNY 25,417,250.71, up 21.45% from CNY 20,928,978.84 in the previous year[16] - The net profit after deducting non-recurring gains and losses decreased by 10.08% to CNY 16,242,377.89 from CNY 18,062,151.44 in 2019[16] - The net cash flow from operating activities was CNY 32,805,529.12, down 38.54% from CNY 53,380,736.06 in 2019[16] - Basic earnings per share increased by 21.79% to CNY 0.095 from CNY 0.078 in the previous year[16] - Total assets at the end of 2020 were CNY 788,796,690.82, a decrease of 6.72% from CNY 845,630,083.57 at the end of 2019[16] - The weighted average return on net assets for 2020 was 4.33%, an increase of 0.68% from 3.65% in 2019[16] Dividend Distribution - The company plans to distribute a cash dividend of CNY 0.2 per 10 shares based on a total of 268,800,000 shares[5] - The cash dividend represents 21.15% of the net profit attributable to ordinary shareholders, which was RMB 25,417,250.71 for the year 2020[144] - The company distributed cash dividends of RMB 0.2 per share, totaling RMB 5.376 million for the 2019 fiscal year, with no stock dividends or capital reserve transfers[139] - The cash dividend payout ratio for 2019 was 25.69%, while it decreased to 21.15% in 2020[144] - The total distributable profit available to shareholders at the end of 2020 was RMB 167,217,909.76, after deducting the cash dividend[146] Business Expansion and Strategy - The company aims to expand its business into the energy system management sector, leveraging its existing technology and customer resources[31] - The strategic layout of the company now includes "imaging consumables + information security + emerging energy," creating synergistic effects among its business segments[32] - The company is actively expanding its market presence, focusing on optimizing customer quality and structure while increasing brand influence[35] - The company is expanding its presence in the imaging consumables industry, focusing on organic photoconductors (OPC), toner, and drum products, as well as a large office e-commerce procurement platform[112] - The company is currently in the process of signing third-party custody agreements for its securities accounts, indicating ongoing financial management efforts[109] Research and Development - The company has a strong R&D team, with approximately 60% of its workforce in technical and R&D roles, enhancing its innovation capabilities[43] - The company has developed a complete set of core technologies and has 6 invention patents, 14 utility model patents, and 7 design patents authorized[39] - The company will increase its R&D investment to develop various information security products, including domestic hardware and software solutions, and establish a blockchain application service platform[121] - The company emphasizes continuous R&D investment to maintain its competitive edge in the organic optoelectronics industry and information security technology[130] Acquisitions and Investments - The company acquired a 71.26% stake in Fujian Minbao Information Technology Co., a high-tech enterprise in the information security sector, enhancing its capabilities in software development and system integration[27] - The company achieved a net profit of 25,064,456.65 CNY from its subsidiary Fujian Minbao Information Technology Co., which generated a revenue of 225,057,591.32 CNY in 2020[111] - The company completed the acquisition of 3,604,120 shares from Lin Zhangwei at an average price of 8.324 yuan per share, totaling 30 million yuan[195] Financial Management - The net cash flow from investing activities increased by 138.26%, reaching ¥38,038,198.75, attributed to a 64.49% decrease in cash outflows for purchasing financial products[83] - The net cash flow from financing activities dropped by 210.26%, resulting in a negative cash flow of ¥77,791,117.64, mainly due to reduced cash inflows from bank loans[83] - The company has established a sound internal control governance system to protect the rights of all shareholders and creditors[187] Market Trends and Challenges - The information security industry is projected to grow steadily at an ideal rate of around 10%, with the market expected to exceed 96.75 billion yuan by 2022[118] - The company is facing both challenges and opportunities in the competitive landscape of the general consumables industry, necessitating strategic market positioning[114] - The company faces risks from intensified industry competition, which could lead to a decline in product prices and profitability[128] Compliance and Governance - The company has established commitments to ensure that any new business activities that may compete with the company will be reported and potentially terminated[152] - The company will publicly explain any failure to fulfill commitments in designated publications and apologize to shareholders and the public[151] - The company confirmed that there were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[161] Environmental Responsibility - The company has passed the ISO 14001:2015 environmental management system certification, emphasizing green and clean production[190] - The company has not been classified as a key pollutant discharge unit by environmental protection authorities[192] - The company has not experienced any environmental accidents or disputes during the reporting period[194]