Financial Performance - The company's operating revenue for Q1 2020 was ¥739,588,278.04, representing a 17.32% increase compared to ¥630,396,802.87 in the same period last year[11]. - Net profit attributable to shareholders was ¥103,058,780.55, an increase of 83.66% from ¥56,113,986.59 year-on-year[11]. - The net profit after deducting non-recurring gains and losses was ¥99,319,074.45, up 75.91% from ¥56,460,015.71 in the previous year[11]. - Basic earnings per share increased by 37.74% to ¥0.8588 from ¥0.6235 in the previous year[11]. - Operating profit for the current period was 131,209,335.62, compared to 76,714,277.35 in the previous period, representing an increase of approximately 71.3%[65]. - Net profit for the current period was 103,058,780.55, significantly higher than 56,113,986.59 in the previous period, marking an increase of around 83.6%[65]. - The total profit for the current period is 72,541,801.61, compared to 27,274,792.53 in the previous period, indicating a significant increase[72]. - The net profit for the current period is 61,660,531.37, up from 23,165,495.92 in the previous period, reflecting a growth of approximately 166%[72]. Cash Flow - The net cash flow from operating activities reached ¥183,211,216.76, a significant increase of 5,113.19% compared to a negative cash flow of -¥3,654,582.77 in the same period last year[11]. - Cash inflow from operating activities totals 796,126,176.18, compared to 655,833,795.55 in the previous period, showing an increase of about 21%[76]. - The net cash flow from operating activities is 183,211,216.76, a turnaround from a negative cash flow of -3,654,582.77 in the previous period[76]. - The net cash flow from investment activities is 30,240,066.07, improving from a negative cash flow of -14,446,292.23 in the previous period[78]. - The cash flow from financing activities showed a net inflow of CNY 4,635,204.42, contrasting with a net outflow of CNY -2,306,781.35 previously[81]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,673,038,988.70, reflecting a 5.56% increase from ¥2,532,217,704.26 at the end of the previous year[11]. - Total liabilities increased to ¥905,278,080.18 from ¥867,515,576.29, representing a growth of approximately 4.4%[48]. - Total assets reached ¥2,431,637,090.10, up from ¥2,284,000,169.62, indicating an increase of about 6.4%[58]. - The company's total current liabilities amounted to ¥826,416,094.10, up from ¥740,194,313.68, which is an increase of about 11.6%[58]. - The non-current liabilities totaled ¥2,295,980.83, down from ¥2,541,372.14, indicating a decrease of approximately 9.6%[58]. Shareholder Information - The company reported a total of 13,182 common shareholders at the end of the reporting period[17]. - The largest shareholder, Foshan Zhaofeng Investment Co., Ltd., held 44.42% of the shares[17]. - The net assets attributable to shareholders increased by 6.19% to ¥1,767,760,908.52 from ¥1,664,702,127.97 at the end of the previous year[11]. - Total equity attributable to shareholders increased to ¥1,767,760,908.52 from ¥1,664,702,127.97, a rise of approximately 6.2%[51]. Government Subsidies and Other Income - The company received government subsidies amounting to ¥2,789,474.96 during the reporting period[11]. - Other income increased by 2,164.18% to ¥2,789,474.96 from ¥123,200.00, mainly due to government subsidies received[26]. - Investment income surged by 396.58% to ¥4,551,299.16 from ¥916,522.31, primarily from returns on self-owned and raised funds[26]. Changes in Accounting Standards - The company implemented new revenue and leasing standards starting in 2020, affecting the reporting of contract liabilities[89]. - The company has reclassified contract liabilities from "prepayments" to "contract liabilities" following the new revenue recognition standards[93].

Financial Performance - Operating revenue for the period was CNY 532,373,134.14, representing a growth of 33.11% compared to the same period last year[10] - Net profit attributable to shareholders was CNY 39,857,060.55, reflecting a 14.75% increase year-over-year[10] - The net profit after deducting non-recurring gains and losses was CNY 37,244,035.60, up 18.15% from the previous year[10] - Basic earnings per share were CNY 0.3986, a 3.29% increase compared to the same period last year[10] - The company's revenue for the period reached ¥1,720,792,176.02, a 30.56% increase compared to the previous year, attributed to expanded sales scale[27] - Total operating revenue for the period reached ¥532,373,134.14, an increase of 33.2% compared to ¥399,959,169.24 in the previous period[60] - Net profit for the period was ¥39,857,060.55, representing a 14.3% increase from ¥34,735,152.10 in the same period last year[63] - The total comprehensive income attributable to the parent company was ¥167,607,507.98, compared to ¥119,277,139.16 in the previous period, marking an increase of 40.5%[88] Assets and Liabilities - Total assets reached CNY 2,216,095,762.73, an increase of 109.25% compared to the previous year[10] - Net assets attributable to shareholders increased to CNY 1,564,127,940.64, up 240.24% year-over-year[10] - Total current assets increased to ¥1,769,050,307.33 from ¥683,883,430.40, representing a growth of approximately 159.8% year-over-year[43] - Total liabilities increased to ¥651,967,822.09 from ¥599,379,334.10, showing a rise of about 8.8%[46] - Owner's equity rose significantly to ¥1,564,127,940.64 from ¥459,708,498.70, representing an increase of approximately 240.5%[49] - The total assets of the company reached ¥1,905,629,419.80, compared to ¥684,043,789.50 in the previous period, indicating a growth of 178.5%[59] - Total liabilities increased to ¥580,532,366.20, up from ¥383,348,684.54 in the previous period, reflecting a growth of 51.5%[58] Cash Flow - The net cash flow from operating activities was negative CNY 11,149,028.28, a decrease of 123.67% compared to the previous year[10] - The company's cash and cash equivalents increased by 151.26% to ¥651,535,338.78 due to increased operating cash flow and fundraising[24] - The net cash flow from financing activities surged by 6907.93% to ¥806,330,127.51, primarily due to increased cash received from investments[27] - The cash flow from operating activities amounted to ¥1,904,489,632.29, an increase from ¥1,524,051,142.92 in the previous period[94] - The net cash flow from operating activities was 104,805,920.15, compared to a negative cash flow of -22,053,313.86 in the previous period[101] - The net cash flow from investing activities was -690,366,918.77, worsening from -78,168,947.96 in the prior period[105] - The net cash flow from financing activities was 942,735,127.51, significantly higher than 35,253,781.00 in the previous period[105] Research and Development - Research and development expenses increased by 58.89% to ¥52,917,918.26, reflecting greater investment in new product development[27] - Research and development expenses for the period were ¥19,592,694.07, an increase from ¥16,356,780.69 in the previous period[60] - Research and development expenses rose to ¥45,633,258.46, up 62.1% from ¥28,161,909.45 in the previous period, indicating a strong focus on innovation[88] Shareholder Information - The top shareholder, Foshan Zhaofeng Investment Co., Ltd., holds 44.42% of the shares[14] - The company reported a net profit increase, leading to an increase in undistributed profits by 54.60% to ¥449,798,243.37[27] - The company's capital reserve increased by 1441.68% to ¥969,711,391.56, due to the premium from new share issuance[27] - The company’s capital reserve increased to ¥956,877,061.56 from ¥50,065,127.60, reflecting a substantial growth of 1811.5%[58]