Financial Performance - The company's operating revenue for 2020 was ¥946,426,258.88, representing a 42.69% increase compared to ¥663,263,981.11 in 2019[6]. - The net profit attributable to shareholders for 2020 was ¥175,993,196.22, a 63.55% increase from ¥107,606,978.54 in 2019[6]. - The net profit after deducting non-recurring gains and losses was ¥161,928,648.08, up 82.67% from ¥88,647,869.25 in 2019[6]. - The net cash flow from operating activities for 2020 was ¥114,237,628.31, a 57.11% increase from ¥72,710,575.78 in 2019[6]. - The total assets at the end of 2020 were ¥1,378,560,778.94, a 76.02% increase from ¥783,192,532.52 at the end of 2019[6]. - The net assets attributable to shareholders at the end of 2020 were ¥1,088,417,810.47, an 81.24% increase from ¥600,548,078.97 at the end of 2019[6]. - The basic earnings per share for 2020 were ¥0.90, a 30.43% increase from ¥0.69 in 2019[6]. - The company achieved a total revenue of ¥946,426,258.88 in 2020, representing a year-on-year growth of 42.69%[45]. - The net profit attributable to the parent company reached ¥175,993,196.22, an increase of 63.55% compared to the previous year[45]. Profit Distribution - The company reported a profit distribution plan based on a base of 208 million shares, proposing a cash dividend of 5 RMB per 10 shares (including tax) and a capital reserve increase of 4.5 shares per 10 shares[5]. - The company implements a stable profit distribution policy, prioritizing cash dividends, with a minimum of 20% of the distributable profit to be distributed in cash annually[99]. - The profit distribution plan requires approval from the board, independent directors, and the shareholders' meeting[106]. - The company plans to distribute a cash dividend of 0.5 CNY per share, totaling 10.4 million CNY based on 208 million shares as of December 31, 2020[113]. - The total cash dividend for 2020 amounts to 249.6 million CNY, representing 141.82% of the net profit attributable to ordinary shareholders[111]. - The company's available distributable profit is 318.09 million CNY, with cash dividends accounting for 100% of the profit distribution[112]. - The company has not proposed any ordinary share cash dividend distribution plan despite having positive profits available for distribution to ordinary shareholders[111]. - The company aims to maintain a cash dividend ratio of at least 30% over any three consecutive years[102]. Research and Development - The company focuses on the intelligent equipment motion control sector, providing high-value motion control components and system solutions[28]. - The company has a strong emphasis on R&D and product innovation, with a structured approach involving product, R&D, and testing centers[30]. - The company has developed an innovative five-step product innovation process called IPDPI, which includes idea generation, product definition, development, testing, and market introduction[31]. - The company's R&D investment as a percentage of revenue was 10.03%, 9.96%, and 9.24% for the years 2018-2020, indicating a strong commitment to innovation[39]. - The total R&D expenses for 2020 amounted to ¥87,458,198.46, representing 9.24% of operating revenue, with a 32.39% increase compared to 2019[61]. - The company plans to increase R&D investment to improve product technology and quality levels, aiming for sustainable growth in emerging markets[45]. - The company will increase R&D investment to enhance the competitiveness of its programmable controllers, servo systems, stepper systems, and encoders, while also developing new products that integrate machine vision and motion control[92]. Market and Competition - The company faces risks including macroeconomic fluctuations, uncertainties from the US-China trade war, market competition, and technology development risks[5]. - The market demand for motion control products has been positively influenced by domestic industrial upgrades and automation improvements, leading to a growing market capacity[34]. - The competitive landscape is intensifying, with both domestic and foreign companies expanding their product offerings, posing a risk to the company's market performance[94]. - The company aims to enhance its competitive edge by developing tailored motion control solutions for specific industry clients, thereby increasing market share[35]. - The Chinese motion control industry is expected to experience significant growth due to the "machine replacement" trend, with demand potentially increasing several times over the next decade[90]. Corporate Governance - The company has established a sound corporate governance structure, including a shareholders' meeting, board of directors, and supervisory board, all functioning independently[200]. - The company’s governance structure includes independent directors, ensuring compliance and oversight in its operations[176]. - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with relevant laws and regulations[196]. - The company has maintained a stable leadership team with no significant changes in shareholding among current directors and supervisors[174]. - The company has a clear and independent personnel structure, with all senior management exclusively working for the company and not holding positions in related enterprises[200]. Subsidiaries and Investments - The company established a new subsidiary, Shenzhen Lingxi Automation Technology Co., Ltd., in July 2020, holding 70% of its shares[55]. - The company has made a new investment of ¥5,000,000.00 in Jiaxing Huairuisheng Silver Industry Fund[69]. - The company invested RMB 50 million in a partnership fund with a total planned contribution of RMB 120 million[126]. - The company has replaced RMB 55.70 million of self-raised funds with raised funds for project investments, ensuring compliance with the investment project requirements[83]. Risks and Challenges - The company faces risks related to R&D, including potential failures in product development that could impact profitability[93]. - There is a risk of losing core technical personnel, which could weaken the company's R&D capabilities amid increasing demand for talent in the motion control sector[94]. - The company is also exposed to macroeconomic fluctuations, which can affect demand for its products in the context of economic downturns[94]. Employee and Management - The total number of employees in the company is 846, with 541 in the parent company and 305 in major subsidiaries[189]. - The company has established a differentiated compensation system that links employee income to organizational and individual performance[190]. - The company provides various benefits including commercial insurance, holiday benefits, annual health check-ups, and other employee care benefits[191]. - The company has implemented a three-level training management system to enhance employee capabilities and support organizational development[192].

Financial Performance - Operating revenue for the current period was CNY 260,176,901.58, representing a 58.11% increase year-on-year[7] - Net profit attributable to shareholders increased by 122.62% to CNY 51,446,127.99 compared to the same period last year[7] - The company reported a net profit of CNY 144,544,704.75 for the year-to-date, a 104.84% increase compared to the same period last year[7] - Total operating revenue for Q3 2020 reached CNY 260,176,901.58, compared to CNY 164,559,106.85 in the same period last year, indicating a significant increase[48] - Net profit for Q3 2020 was CNY 54,639,248.13, up from CNY 25,314,536.34 in Q3 2019, reflecting a growth of approximately 115.5%[50] - The company's operating revenue for the third quarter reached CNY 210,316,358.80, compared to CNY 118,986,293.08 in the previous period, indicating a significant increase[53] - The net profit for the third quarter was CNY 13,164,528.96, up from CNY 890,437.24 in the same period last year, reflecting a substantial growth[54] Assets and Liabilities - Total assets increased by 65.24% to CNY 1,294,123,783.65 compared to the end of the previous year[7] - The company's total current assets increased to RMB 1,086.222 billion as of September 30, 2020, compared to RMB 582.508 billion at the end of 2019, reflecting a growth of approximately 86.5%[40] - The company's total liabilities increased to RMB 213.2239 million as of September 30, 2020, compared to RMB 162.5746 million at the end of 2019, indicating a rise of about 31%[42] - The total assets as of September 30, 2020, amounted to CNY 1,189,494,639.47, compared to CNY 697,707,286.82 at the end of 2019, representing a growth of about 70.5%[46] - The company's total liabilities increased to CNY 252,303,694.00 from CNY 193,847,163.21, marking an increase of approximately 30%[46] - The total liabilities amounted to 162,574,590.71 CNY, with total assets at 783,192,532.52 CNY[74] Shareholder Information - Net assets attributable to shareholders increased by 75.66% to CNY 1,054,934,309.46 compared to the end of the previous year[7] - The number of ordinary shareholders at the end of the reporting period was 15,495[11] - The top shareholder, Li Weiping, holds 28.56% of the shares, totaling 59,400,000 shares[11] - The company's equity attributable to shareholders reached CNY 937,190,945.47, up from CNY 503,860,123.61, representing an increase of approximately 85.5%[46] Cash Flow - Net cash flow from operating activities surged by 6,053.40% to CNY 42,018,105.28 compared to the same period last year[7] - The net cash flow from operating activities increased by 50.62% to ¥71,923,873.76 from ¥47,751,038.31, attributed to increased sales receipts and tax refunds[18] - The net cash flow from financing activities surged by 2957.70% to ¥299,181,645.68 from ¥9,784,542.15, primarily due to increased fundraising[18] - Cash flow from operating activities generated ¥71,923,874, compared to ¥47,751,038 in the same quarter last year, marking a 50.5% increase[65] - Cash flow from financing activities resulted in a net inflow of ¥299,181,646, significantly higher than the previous year's inflow of ¥9,784,542[66] Research and Development - Research and development expenses for Q3 2020 were CNY 23,021,544.35, compared to CNY 17,207,976.62 in Q3 2019, indicating a year-over-year increase of about 33.5%[49] - Research and development expenses increased to ¥25,048,497, a 43.0% rise from ¥17,512,829 in the same quarter last year[60] Financial Management - Financial expenses showed a significant decrease of 1039.03%, resulting in a net income of -¥3,638,318.85, due to reduced borrowing interest and increased interest income from bank deposits[16] - The company has no significant non-operating fund occupation by controlling shareholders or related parties during the reporting period[33] - There were no violations regarding external guarantees during the reporting period[32] - The company is actively managing its raised funds in compliance with regulatory requirements, ensuring timely and accurate disclosures[30] Stock and Investment - The company raised a total of RMB 520 million by issuing 52 million shares at a price of RMB 9.80 per share, with a net fundraising amount of RMB 445.8472 million[30] - As of September 30, 2020, the company has invested RMB 119.9159 million of the raised funds, leaving a balance of RMB 329.3051 million, which includes RMB 189.09 million invested in Ningbo Bank wealth management products[30] - The company reported an investment income of CNY 1,352,027.40, an increase from CNY 365,395.27 in the previous year[53] Compliance and Regulations - The company has commitments to small and medium shareholders that are being fulfilled on time[27] - The company has a share transfer restriction in place for 12 months post-IPO, with specific conditions for management[24] - The company has a commitment to stabilize its stock price if it falls below a certain threshold[26] - The report for Q3 2020 was not audited, which may impact the reliability of the figures presented[80]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 435,293,212.69, representing a 34.51% increase compared to CNY 323,615,906.14 in the same period last year[17]. - The net profit attributable to shareholders of the listed company reached CNY 93,098,576.76, a significant increase of 96.19% from CNY 47,454,397.98 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was CNY 86,101,411.35, up 108.84% from CNY 41,228,218.58 year-on-year[17]. - The basic earnings per share increased to CNY 0.54, an 80.00% rise compared to CNY 0.30 in the same period last year[17]. - Total assets at the end of the reporting period were CNY 1,369,466,227.58, a 74.86% increase from CNY 783,192,532.52 at the end of the previous year[17]. - The net assets attributable to shareholders of the listed company were CNY 1,147,100,342.28, reflecting a 91.01% increase from CNY 600,548,078.97 at the end of the previous year[17]. - The net cash flow from operating activities was CNY 29,905,768.48, down 38.25% from CNY 48,433,881.54 in the same period last year[17]. - The weighted average return on equity was 10.65%, an increase of 1.06% from 9.59% in the previous year[17]. Market and Product Development - The market demand for motion control products is expanding due to domestic industrial upgrades and automation improvements, particularly in sectors like mask machines and 3C manufacturing[36]. - The company maintains a focus on R&D investment to achieve breakthroughs in key technology areas, enhancing its competitive edge in the smart manufacturing sector[24]. - The company employs an integrated product development process (IPDPI) to ensure customer needs are met throughout the product lifecycle[29]. - The company launched new products such as the L7EC series and DM2C series in the first half of 2020, aligning with market demand[37]. - The company has established a comprehensive product solution covering control systems, stepper systems, and servo systems, making it one of the few companies with a complete motion control product line in the industry[41]. - The company has developed targeted motion control products and system solutions for specific industries, such as mask machines and lithium battery manufacturing, gaining more market share[38]. Financial Management and Investments - The company reported investment income of ¥1,081,916.91, primarily from financial products, contributing 1.01% to total profit[63]. - The total committed investment for the projects is CNY 44,584.72 million, with a cumulative investment of CNY 8,783.27 million, representing 19.66% of the total commitment[77]. - The company has utilized CNY 5,570.10 million of raised funds to replace self-raised funds previously invested in the projects[78]. - The company plans to use up to CNY 300 million of idle raised funds for cash management, investing in low-risk, high-liquidity products with a maximum investment period of 12 months[78]. Risks and Challenges - The company faces risks including macroeconomic fluctuations, uncertainties from the "China-US trade war," and competition in the market[4]. - The company is addressing uncertainties from the "China-US trade war" by diversifying supply channels and increasing R&D investment to enhance product performance[87]. - The company is committed to increasing R&D investment and improving product quality to enhance market competitiveness amid rising competition in the domestic motion control product market[88]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of CNY 7 per 10 shares (including tax) to all shareholders[4]. - The company distributed a cash dividend of 7 RMB per 10 shares, totaling 145,600,000 RMB, which represents 100% of the distributable profit[96]. - The total number of shares for the cash dividend distribution is based on 208,000,000 shares as of June 30, 2020[96]. Corporate Governance and Compliance - The half-year financial report has not been audited[106]. - There have been no bankruptcy reorganization matters during the reporting period[107]. - The company has no significant litigation or arbitration matters during the reporting period[108]. - The company and its controlling shareholders maintained a good integrity status, with no significant debts overdue[111]. - The company has no major related party transactions or non-operating fund occupation by controlling shareholders during the reporting period[119]. Future Outlook and Strategy - The company plans to continue expanding into emerging markets and promoting new products and technologies for sustainable growth[51]. - The company aims to continuously create maximum value for customers and shorten the gap with domestic and international competitors[86]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[184]. - The company is focusing on enhancing its product offerings and exploring potential mergers and acquisitions to strengthen its competitive position[184].

Financial Performance - The company's revenue for Q1 2020 was CNY 167,594,211.95, representing an increase of 18.21% compared to CNY 141,777,957.38 in the same period last year[8]. - Net profit attributable to shareholders was CNY 28,236,438.09, a significant increase of 107.53% from CNY 13,605,994.42 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was CNY 25,555,849.14, up 95.53% from CNY 13,070,003.32 in the previous year[8]. - Basic earnings per share rose to CNY 0.181, an increase of 108.05% compared to CNY 0.087 in the same quarter last year[8]. - The company's operating income for Q1 2020 was CNY 128,320,219.71, an increase from CNY 118,138,811.12 in the previous period[40]. - The net profit for Q1 2020 reached CNY 30,103,930.52, compared to CNY 13,426,727.08 in the same period last year, representing a growth of approximately 124%[38]. - The total comprehensive income for Q1 2020 was CNY 30,144,798.00, significantly higher than CNY 13,384,531.94 in the prior year[38]. - The company reported a profit before tax of CNY 32,495,249.64 for Q1 2020, up from CNY 15,144,239.52 in the previous year[38]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 836,567,208.34, reflecting a growth of 6.82% from CNY 783,192,532.52 at the end of the previous year[8]. - The net assets attributable to shareholders increased to CNY 634,324,491.27, a rise of 5.62% from CNY 600,548,078.97 at the end of the last year[8]. - Total assets as of March 31, 2020, reached CNY 744,117,423.05, compared to CNY 697,707,286.82 at the end of 2019[32]. - Total liabilities decreased to CNY 163,079,511.24 from CNY 193,847,163.21 year-over-year[33]. - The company's capital reserve increased to CNY 94,160,673.57 from CNY 88,661,566.84[30]. Cash Flow - The net cash flow from operating activities was CNY 1,378,706.80, a decrease of 86.64% compared to CNY 10,318,520.29 in the same period last year[8]. - Cash inflows from operating activities totaled CNY 146,479,217.65, compared to CNY 129,574,093.97 in the same period last year[44]. - The total cash outflow from operating activities was 145,100,510.85 RMB, up 21.7% from 119,255,573.68 RMB year-on-year[45]. - The cash inflow from investment activities was 184,964,296.40 RMB, significantly higher than 79,192,859.55 RMB in Q1 2019, marking an increase of 133.4%[45]. - The net cash flow from investment activities was -41,238,326.24 RMB, an improvement from -64,075,650.36 RMB in the previous year[45]. - The ending balance of cash and cash equivalents was 141,010,155.84 RMB, down from 188,410,320.35 RMB at the beginning of the period[46]. - The company experienced a net decrease in cash and cash equivalents of 47,400,164.51 RMB in Q1 2020, compared to a decrease of 51,008,273.74 RMB in the same period last year[46]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 40[11]. Government Support and Other Income - The company received government subsidies amounting to CNY 2,314,485.23 during the reporting period[9]. - Other income increased by 201.6% to CNY 6,052,306.15, mainly from VAT refunds and government subsidies[15]. - The company recorded other income of CNY 1,011.00 in Q1 2020, down from CNY 14,562.00 in the previous period[38]. Research and Development - The company reported a significant increase in R&D expenses to CNY 16,174,280.54 from CNY 14,422,865.46[36]. - The company's R&D expenses for Q1 2020 amounted to CNY 5,683,616.33, an increase from CNY 4,845,446.35 in the previous period[40]. Market Outlook - The company plans to continue its focus on market expansion and product development to sustain growth in future quarters[39].