Financial Performance - The company's revenue for Q1 2023 was CNY 38,868,240.99, representing a 27.40% increase compared to CNY 30,508,767.51 in the same period last year[4] - Net profit attributable to shareholders for Q1 2023 was CNY 16,057,163.75, up 19.15% from CNY 13,476,415.75 in Q1 2022[4] - Basic and diluted earnings per share for Q1 2023 were both CNY 0.20, a 17.65% increase from CNY 0.17 in Q1 2022[4] - Net profit for the current period was ¥16,057,163.75, representing a 19.5% increase from ¥13,476,415.75 in the previous period[17] Cash Flow - The net cash flow from operating activities increased by 162.98%, reaching CNY 19,182,520.15 compared to CNY 7,294,229.13 in the previous year[4] - Operating cash flow net amount was ¥19,182,520.15, a substantial increase from ¥7,294,229.13 in the previous period[18] - The company reported a net cash inflow from investment activities of ¥348,212,454.54, compared to ¥339,095,568.02 in the previous period[19] Assets and Liabilities - Total assets at the end of Q1 2023 were CNY 1,145,016,795.63, a slight increase of 0.48% from CNY 1,139,598,758.71 at the end of the previous year[4] - The total liabilities decreased to ¥79,691,754.20 from ¥90,330,881.03, showing a reduction of 11.93%[13] - The company's cash and cash equivalents increased to ¥551,087,423.11 from ¥183,702,448.42 at the beginning of the year, representing a growth of 200.00%[12] - Total current assets reached ¥679,840,060.67, up from ¥661,385,416.21, indicating an increase of 2.07%[12] Operating Costs and Income - The company's operating costs rose by 47.71% to CNY 28,152,476.48, primarily due to increased depreciation from newly added fixed assets[7] - Total operating costs increased to ¥28,152,476.48, up 47.7% from ¥19,059,464.69 in the previous period[15] - The company received government subsidies amounting to CNY 5,580,048.54 during the quarter, contributing to the increase in other income[5] - The company reported a significant increase in other operating cash receipts, which rose by 531.14% to CNY 6,658,307.74, mainly due to government subsidies[9] Shareholder Information - The total number of common shareholders at the end of the reporting period is 10,724[10] - The largest shareholder, Xuchang Kaipu Electric Research Institute Co., Ltd., holds 18,000,000 shares, accounting for 22.50% of total shares[10] - The company has no preferred shareholders as of the reporting period[11] Research and Development - Research and development expenses were ¥2,608,699.93, slightly up from ¥2,445,344.53 in the previous period[15] - The company did not report any new product launches or significant market expansion strategies during this period[20] Other Financial Metrics - The company's retained earnings rose to ¥305,532,864.45 from ¥289,475,700.70, marking an increase of 5.57%[14] - The total equity attributable to the parent company increased to ¥1,065,325,041.43 from ¥1,049,267,877.68, which is a growth of 1.54%[14] - The company reported accounts payable of ¥51,282,775.06, down from ¥55,035,165.25, indicating a decrease of 6.36%[13] - Cash and cash equivalents at the end of the period totaled ¥551,087,423.11, up from ¥492,240,252.56 in the previous period[19] - Sales revenue from goods and services received cash of ¥39,558,196.69, up from ¥29,607,737.98 in the previous period[18]

Financial Performance - The company's operating revenue for Q3 2022 was ¥36,591,840.18, representing an increase of 18.78% year-over-year[5] - The net profit attributable to shareholders for the same period was ¥16,390,376.60, up by 18.85% compared to the previous year[5] - Basic earnings per share for Q3 2022 were ¥0.20, which is a 20.52% increase from the same period last year[5] - Total operating revenue for the period reached ¥111,148,168.06, an increase of 12.2% compared to ¥98,980,648.41 in the previous period[16] - Operating profit amounted to ¥60,561,569.39, reflecting a growth of 5.5% from ¥57,336,050.43 in the prior period[17] - Net profit attributable to shareholders of the parent company was ¥52,029,273.42, up 6.4% from ¥48,913,617.01 year-over-year[17] - Basic and diluted earnings per share increased to ¥0.65, compared to ¥0.61 in the same period last year[18] Cash Flow and Liquidity - The net cash flow from operating activities reached ¥82,071,981.19, reflecting a significant increase of 55.55% year-to-date[10] - Cash and cash equivalents increased by 76.21% year-to-date, amounting to ¥399,603,748.79[10] - The company's cash and cash equivalents increased to ¥545,564,204.20 from ¥146,028,930.41 at the beginning of the year, representing a growth of 273.5%[14] - The net increase in cash and cash equivalents for the period was 399,603,748.79 CNY, compared to 226,782,298.27 CNY in the previous period, showing a significant increase of about 76.1%[20] - The total cash inflow from investment activities was ¥957,158,727.97, compared to ¥901,792,011.83 in the previous period[18] - The cash flow from investment activities saw a total outflow of 599,626,960.37 CNY, compared to 679,773,725.74 CNY in the previous period, indicating a decrease of approximately 11.8%[20] Assets and Liabilities - Total assets at the end of Q3 2022 amounted to ¥1,085,885,179.98, showing a slight increase of 0.68% from the end of the previous year[5] - Total assets as of September 30, 2022, amount to ¥1,085,885,179.98, up from ¥1,078,585,282.66 at the beginning of the year[15] - Total current liabilities decreased to ¥51,036,029.38 from ¥55,552,328.02, a reduction of approximately 8.5%[15] - The total liabilities decreased to ¥53,597,185.77 from ¥58,326,561.87, a decline of approximately 8.5%[15] - The total non-current assets increased to ¥437,553,419.80 from ¥399,531,438.96, indicating a growth of 9.5%[15] Investments and Shareholder Information - The company reported a 30.35% increase in investment income, totaling ¥11,770,627.02 for the year-to-date period[9] - Long-term equity investments increased to ¥2,063,399.11 from ¥1,763,270.19, reflecting a growth of 17.0%[14] - The total cash and cash equivalents at the end of the period reached 545,454,204.20 CNY, compared to 472,906,677.23 CNY at the end of the previous period, indicating an increase of about 15.3%[20] - The total number of common shareholders at the end of the reporting period is 11,290[12] - The largest shareholder, Xuchang Kaipu Electric Research Institute Co., Ltd., holds 22.50% of shares, totaling 18,000,000 shares[12] Research and Development - Research and development expenses were ¥7,819,303.20, up from ¥6,413,588.63, indicating a focus on innovation[16] Audit Information - The company did not undergo an audit for the third quarter report, as stated in the audit report[21]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥74,556,327.88, representing a 9.36% increase compared to ¥68,175,540.83 in the same period last year[24]. - The net profit attributable to shareholders was ¥35,638,896.82, a 1.47% increase from ¥35,122,391.77 year-on-year[24]. - The net cash flow from operating activities increased by 64.47% to ¥56,060,687.17, compared to ¥34,084,836.95 in the previous year[24]. - The basic earnings per share rose to ¥0.45, up 2.27% from ¥0.44 in the same period last year[24]. - Revenue from testing services reached ¥70,618,657.44, an increase of 5.43% compared to the previous year[52]. - Revenue from electric vehicle charging and swapping system testing grew by 43.38% to ¥15,446,745.69, driven by national policies supporting the electric vehicle industry[53]. - Sales of testing equipment surged by 448.54% to ¥2,663,716.81, attributed to customized sales of self-developed equipment[53]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,056,025,112.94, a decrease of 2.09% from ¥1,078,585,282.66 at the end of the previous year[24]. - The company's accounts receivable stood at ¥9,913,869.08, accounting for 0.94% of total assets, showing no significant change[72]. - The company's fixed assets were valued at ¥85,000,000, representing 18.47% of total assets, with no significant changes reported[72]. - The total liabilities decreased from ¥58,326,561.87 to ¥40,127,495.33, showing a decline of approximately 31.2%[165]. Investment and R&D - Research and development investment rose by 42.81% to ¥5,272,340.69, driven by higher labor and equipment costs[64]. - The company applied for 11 invention patents and 1 utility model patent, demonstrating its commitment to continuous R&D output[46]. - The company has established a 4MW high-power converter testing research platform, covering small, medium, and large power storage converters and photovoltaic inverters for various testing needs[55]. - The company has initiated the construction of a low-pressure testing chamber to meet testing requirements for large equipment such as charging piles and photovoltaic inverters[61]. Market Strategy and Operations - The company aims to improve its market influence through technical research, equipment development, and participation in standardization activities[38]. - The company actively engages in quality testing activities for end-users like State Grid and Southern Grid, enhancing its recognition in the market[39]. - The company’s marketing strategy focuses on customer-centric approaches and leveraging technical expertise to enhance brand influence in the industry[39]. - The company has established several national quality inspection centers, reinforcing its industry position and technical advantages[43]. Risk Management - The company faced various operational risks and has outlined corresponding measures in its risk management section[5]. - The company plans to enhance market sensitivity and expand its testing field to counteract the impact of macroeconomic fluctuations[90]. - The company has established a quality management system according to ISO/IEC 17025 to mitigate risks related to quality control failures[91]. Corporate Governance and Shareholder Relations - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company has not implemented any employee stock ownership plans or other incentive measures during the reporting period[101]. - The company emphasizes social responsibility, ensuring compliance with laws and regulations while protecting shareholder rights and enhancing transparency[105]. - The company aims to maximize the rights and interests of shareholders, employees, customers, and partners while pursuing high-quality, sustainable development[110]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[170]. - Future outlook includes continued investment in technology and potential mergers and acquisitions to enhance market position[183]. - The company is actively pursuing strategies for market expansion and new product development, although specific figures were not disclosed in the report[183]. Compliance and Legal Matters - The semi-annual financial report was not audited[123]. - The company did not experience any bankruptcy reorganization during the reporting period[125]. - There were no significant litigation or arbitration matters during the reporting period[126]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[121].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥74,556,327.88, representing a 9.36% increase compared to ¥68,175,540.83 in the same period last year[24]. - The net profit attributable to shareholders was ¥35,638,896.82, a 1.47% increase from ¥35,122,391.77 year-on-year[24]. - The net cash flow from operating activities increased by 64.47% to ¥56,060,687.17, compared to ¥34,084,836.95 in the previous year[24]. - The basic earnings per share rose to ¥0.45, up 2.27% from ¥0.44 in the same period last year[24]. - The company reported a decrease of 2.83% in net profit after deducting non-recurring gains and losses, totaling ¥29,022,729.93 compared to ¥29,867,095.31 in the previous year[24]. - The weighted average return on net assets was 3.46%, slightly down from 3.47% in the same period last year[24]. - Revenue from testing services reached ¥70,618,657.44, an increase of 5.43% compared to the previous year[52]. - Revenue from electric vehicle charging and swapping system testing surged by 43.38% to ¥15,446,745.69, driven by national policies supporting the electric vehicle industry[53]. - Sales of testing equipment increased significantly by 448.54% to ¥2,663,716.81, attributed to customized sales of self-developed equipment[53]. - Other technical services generated revenue of ¥747,264.15, up 193.37% year-on-year, due to the provision of operational and maintenance services[53]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,056,025,112.94, a decrease of 2.09% from ¥1,078,585,282.66 at the end of the previous year[24]. - The net assets attributable to shareholders decreased by 0.43% to ¥1,015,897,617.61 from ¥1,020,258,720.79 at the end of the previous year[24]. - Cash and cash equivalents at the end of the reporting period amounted to ¥168,973,751.49, representing 16.00% of total assets, an increase from 13.54% at the end of the previous year[72]. - The company's total investment during the reporting period was ¥49,606,675.57, a significant increase of 119.72% compared to ¥22,576,824.76 in the same period last year[77]. - The company's fixed assets decreased from ¥205,574,725.43 (19.06% of total assets) to ¥195,004,605.85 (18.47% of total assets), indicating a slight reduction in fixed asset investment[72]. - The company's accounts payable decreased from 3.11% to 1.79% of total assets, reflecting a reduction in outstanding payments for materials and services[73]. - Total liabilities decreased to CNY 40,127,495.33, down 31.2% from CNY 58,326,561.87[166]. Investment and R&D - The company has established six specialized testing laboratories and two comprehensive testing bases, enhancing its testing capabilities across various domains[38]. - The company applied for 11 invention patents and 1 utility model patent, demonstrating its commitment to continuous R&D output[46]. - Research and development expenses rose significantly by 42.81% to ¥5,272,340.69, driven by increased investments in personnel and equipment[64]. - The company has established a 4MW high-power converter testing research platform, covering small, medium, and large power storage converters and photovoltaic inverters for various testing needs[55]. - The company has plans for market expansion and new product development, although specific details were not provided in the financial summary[186]. Market and Industry Position - The company operates as an independent third-party testing institution with three national product quality inspection centers authorized by the National Certification and Accreditation Administration[32]. - The core business of the company is the testing services for secondary equipment in power systems, which remains unchanged during the reporting period[32]. - The company aims to improve its market influence through technical research, equipment development, and participation in standardization activities[38]. - The company actively participates in quality testing activities for end-users like State Grid and Southern Grid, enhancing its recognition and influence in the market[39]. - The company benefits from national industrial policy support, leading to a broad market outlook in the power equipment testing industry[40]. Corporate Governance and Compliance - The company emphasizes shareholder rights protection and adheres to legal compliance in its operations, ensuring transparency and effective communication with investors[105]. - The company has committed to fulfilling its public commitments and will publicly explain any failures to do so, along with an apology to shareholders and the public[118]. - The company has established a quality management system based on ISO/IEC 17025 to mitigate risks related to quality control failures[90]. - The company has not faced any environmental penalties and complies with environmental protection regulations, indicating a commitment to sustainable practices[103]. Employee and Talent Management - The company prioritizes employee rights and safety, providing insurance and regular safety training to enhance employee welfare[106]. - The company emphasizes employee growth by providing dual career paths for management and technical expertise, supported by a comprehensive training system[107]. - The company has a strong talent pool, including experts in power secondary equipment standards and international electrical committees, supporting its testing services[46]. Risks and Challenges - The company faces risks from macroeconomic conditions and industry policies, including potential impacts from the COVID-19 pandemic[89]. - The investment progress for the R&D center is below expectations due to industry macro factors and the pandemic, with future investments to be adjusted based on actual needs[83]. - The company faces risks of profit decline if fundraising investment projects do not achieve expected returns on time, especially after the relocation to a new factory in 2018, which has increased fixed asset depreciation and reduced gross margin[91]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[99]. - The total number of common shareholders at the end of the reporting period is 11,400[150]. - The largest shareholder, Xuchang Kaipu Electric Research Institute Co., Ltd., holds 22.50% of the shares[150]. - The company has not implemented any stock incentive plans or employee stock ownership plans during the reporting period[100]. - The company has committed to not transferring or entrusting the management of its shares for 36 months post-IPO[113].

Financial Performance - The company's revenue for Q1 2022 was CNY 30,508,767.51, a decrease of 13.53% compared to CNY 35,281,597.38 in the same period last year[4] - Net profit attributable to shareholders was CNY 13,476,415.75, down 30.47% from CNY 19,381,194.52 year-on-year[4] - The net profit after deducting non-recurring gains and losses was CNY 9,833,326.50, reflecting a decline of 40.91% compared to CNY 16,641,892.92 in the previous year[4] - Basic and diluted earnings per share were both CNY 0.17, down 29.17% from CNY 0.24 in the previous year[4] - Operating profit fell by 31.02% to CNY 15,671,836.38 from CNY 22,718,468.18, primarily due to a decline in revenue caused by the pandemic and rising operational costs[8] - Total profit of CNY 15,692,836.61, down 31.20% from CNY 22,808,564.73 in the previous year[8] - Net profit for the quarter was CNY 13,476,415.75, down from CNY 19,381,194.52 in the same period last year, representing a decline of approximately 30.4%[17] - The net profit attributable to the parent company for Q1 2022 was CNY 13,476,415.75, a decrease of 30.5% compared to CNY 19,381,194.52 in Q1 2021[18] Cash Flow - The net cash flow from operating activities was CNY 7,294,229.13, a decrease of 33.37% from CNY 10,948,002.42 in the same period last year[4] - The net cash flow from operating activities decreased by 33.37% to CNY 7,294,229.13, primarily due to reduced customer payments[8] - Cash flow from operating activities for Q1 2022 was CNY 7,294,229.13, a decline of 33.5% from CNY 10,948,002.42 in Q1 2021[21] - The net cash flow from investment activities for Q1 2022 was CNY 339,095,568.02, significantly higher than CNY 57,218,874.99 in Q1 2021[22] - The net increase in cash and cash equivalents for Q1 2022 was CNY 346,389,797.15, compared to CNY 68,166,877.41 in Q1 2021[22] - The ending balance of cash and cash equivalents as of Q1 2022 was CNY 492,240,252.56, up from CNY 314,590,856.37 at the end of Q1 2021[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,073,779,908.25, a slight decrease of 0.45% from CNY 1,078,585,282.66 at the end of the previous year[4] - Current assets totaled CNY 667,839,649.10, a slight decrease from CNY 679,053,843.70 at the start of the year[12] - Non-current assets increased to CNY 405,940,259.15 from CNY 399,531,438.96, indicating a growth of approximately 1.1%[13] - Total liabilities decreased to CNY 40,044,771.71 from CNY 58,326,561.87, reflecting a significant reduction in financial obligations[14] Expenses - Research and development expenses increased by 36.56% to CNY 2,445,344.53, indicating a rise in investment in R&D activities[7] - Management expenses rose by 37.32% to CNY 5,128,077.43, attributed to increased operational costs including labor and intermediary fees[7] - Total operating costs increased to CNY 19,059,464.69 from CNY 15,559,572.94, with operating costs rising from CNY 9,566,361.87 to CNY 10,098,149.05[17] - The company's financial expenses decreased by 56.09% to CNY -586,808.65, mainly due to reduced interest income[8] - The total tax expense decreased by 35.33% to CNY 2,216,420.86, reflecting the overall reduction in total profit[8] Investment Performance - The company reported a significant increase in cash and cash equivalents, with a 237.23% rise in monetary funds to CNY 492,448,727.56 due to the redemption of financial products and net inflow from operations[7] - Investment income surged by 139.70% to CNY 4,420,147.46, attributed to increased financial returns from concentrated redemptions of financial products[8] - The company reported an investment income of CNY 4,420,147.46, up from CNY 1,844,041.00 in the previous period, highlighting improved investment performance[17] Other Information - The company did not conduct any mergers or acquisitions during the reporting period[18]

Financial Performance - The company's operating revenue for 2021 was ¥143,895,356.49, a decrease of 13.05% compared to ¥165,487,175.95 in 2020[17]. - The net profit attributable to shareholders for 2021 was ¥64,251,802.11, down 13.48% from ¥74,259,742.72 in 2020[17]. - The net profit after deducting non-recurring gains and losses was ¥53,713,752.65, a decline of 21.42% from ¥68,359,545.65 in 2020[17]. - The net cash flow from operating activities was ¥88,698,140.67, which is 13.20% lower than ¥102,184,192.71 in 2020[17]. - The basic earnings per share for 2021 was ¥0.80, a decrease of 29.82% compared to ¥1.14 in 2020[17]. - Total revenue for 2021 was ¥143,895,356.49, a decrease of 13.05% compared to ¥165,487,175.95 in 2020[62]. - Revenue from professional technical services accounted for 99.23% of total revenue, totaling ¥142,786,129.96, down 13.15% year-over-year[62]. - The company's gross profit margin for professional technical services was 68.90%, a slight decrease of 0.98% from the previous year[64]. - The revenue from electric vehicle charging and swapping services decreased by 30.34% to ¥27,977,173.88, with a gross margin of 69.27%[64]. Dividend Distribution - The company plans to distribute a cash dividend of 5.00 CNY per 10 shares to all shareholders, based on a total of 80,000,000 shares[4]. - The total distributable profit for the year is reported at 260,654,181.17 RMB, with the cash dividend amounting to 40,000,000 RMB[141]. - The company has established a profit distribution policy that mandates a minimum cash dividend ratio of 20% of the distributable profit, with at least 10% of the annual distributable profit to be distributed in cash[138]. - The cash dividend distribution is prioritized over stock dividends, reflecting the company's commitment to providing reasonable returns to investors[139]. Business Operations and Strategy - The company underwent a business scope change on October 28, 2021, expanding its services to include inspection and testing services, certification services, and power supply business[15]. - The company operates in the "M74 Professional Technical Services" industry, focusing on inspection and testing services, particularly for power system secondary equipment[27]. - The company has established multiple national authorized testing service platforms, enhancing its industry position[32]. - The company has developed new technologies such as flexible AC transmission and high-voltage direct current transmission, which are widely applied in projects by State Grid and Southern Grid[34]. - The company is committed to expanding its market capacity by actively engaging in research and innovation, particularly in emerging markets[39]. - The company plans to expand its operations in the power equipment testing sector, leveraging its platform, technology, and talent advantages[97]. Research and Development - The company has applied for 9 invention patents and 9 utility model patents, and published 18 academic papers, indicating a strong focus on research and development[44]. - Research and development expenses increased by 9.21% to ¥10,018,383.19, reflecting ongoing investment in innovation[70]. - The company completed major R&D projects aimed at enhancing detection capabilities and market competitiveness, including a simulation technology for new energy controllers[71]. - The company has invested 200 million RMB in research and development, focusing on innovative energy solutions[121]. Market Outlook and Industry Trends - The macroeconomic environment and government policies are favorable for the growth of the power equipment testing industry, driven by the expansion of the power industry and the need for safety[28]. - The electric equipment testing industry is supported by policies such as the "14th Five-Year Plan" and "carbon peak and carbon neutrality" initiatives, indicating significant growth potential[98]. - The company has a broad market outlook supported by national industrial policies, with increasing demand for power equipment testing driven by the expansion of the power industry[39]. Governance and Compliance - The company has a well-defined organizational structure with clear responsibilities, ensuring effective governance and operational independence[113]. - The company emphasizes transparency in information disclosure, utilizing multiple platforms to ensure fair access to information for all investors[110]. - The company strictly adheres to legal regulations in convening shareholder meetings, ensuring equal rights for all shareholders, especially minority shareholders[108]. - The company has maintained compliance with environmental protection laws, with no penalties for violations during the reporting period, ensuring sustainable operational practices[156]. Employee and Management - The company increased its workforce to 101 employees, with 86 holding a bachelor's degree or higher, representing 85% of the total[45]. - The company has established a comprehensive training system, including the "Kepu Forum," to enhance employee skills across various domains[46]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 5.7432 million[125]. - The company implements a competitive and fair compensation policy based on ability and performance, with various wage systems in place[135]. Risks and Challenges - The company faces risks from macroeconomic uncertainties and potential policy changes that could adversely affect operations[100]. - There is a risk of declining profitability if fundraising projects do not achieve expected returns, especially with increased fixed costs post-expansion[102]. - Rapid business expansion may lead to management challenges, necessitating adjustments in operational and financial management systems[102]. Social Responsibility - The company actively engages in social responsibility initiatives, including poverty alleviation projects and support for local schools, demonstrating commitment to community welfare[157]. - In 2021, the company contributed to disaster relief efforts in response to severe flooding in Henan, providing essential supplies to affected areas[156]. - The company has been actively involved in supporting left-behind children in rural areas, contributing to educational resources and school improvements[159].

Financial Performance - The company's operating revenue for Q3 2021 was ¥30,805,107.58, a decrease of 9.63% compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2021 was ¥13,791,225.24, down 23.97% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥10,411,808.57, a decline of 36.59% compared to the previous year[3]. - The basic earnings per share for Q3 2021 was ¥0.17, representing a decrease of 41.38% year-on-year[3]. - Total revenue for Q3 2021 was ¥98,980,648.41, a decrease of 17.4% compared to ¥119,731,741.63 in Q3 2020[17]. - Operating profit for Q3 2021 was ¥57,336,050.43, down 25.5% from ¥76,931,022.59 in the same period last year[18]. - Net profit for Q3 2021 was ¥48,913,617.01, representing a decline of 27.6% from ¥67,646,490.85 in Q3 2020[18]. - Total comprehensive income for the period was CNY 48,913,617.01, down from CNY 67,646,490.85 in the previous period, representing a decrease of approximately 27.7%[19]. - Basic and diluted earnings per share were both CNY 0.61, compared to CNY 1.12 in the previous period, indicating a decline of about 45.5%[19]. Assets and Liabilities - The total assets at the end of Q3 2021 amounted to ¥1,038,167,081.56, a decrease of 1.83% from the end of the previous year[3]. - Total assets as of September 30, 2021, amounted to ¥1,038,167,081.56, a slight decrease from ¥1,057,563,766.77 at the end of 2020[14]. - Current assets totaled ¥683,195,696.80, down 4.7% from ¥716,747,166.93 at the end of 2020[14]. - Total liabilities decreased to ¥33,246,545.87 from ¥53,556,848.09, a reduction of 38%[15]. - The total equity attributable to shareholders was ¥1,004,920,535.69, slightly up from ¥1,004,006,918.68 at the end of 2020[15]. - Deferred tax assets decreased to ¥639,764.61 from ¥1,305,916.70, a decline of 51%[14]. Cash Flow - The company reported a cash flow from operating activities of ¥52,764,012.18 for the year-to-date, down 25.67% compared to the same period last year[3]. - Net cash flow from operating activities was CNY 52,764,012.18, down from CNY 70,983,327.86, reflecting a decrease of approximately 25.6%[22]. - Cash inflow from investment activities totaled CNY 901,792,011.83, significantly higher than CNY 253,408,969.86 in the previous period, marking an increase of about 255.5%[22]. - Net cash flow from investment activities was CNY 222,018,286.09, a turnaround from a negative CNY 36,513,880.83 in the previous period[22]. - Cash and cash equivalents at the end of the period amounted to CNY 472,906,677.23, down from CNY 676,368,620.05, a decrease of approximately 30.0%[23]. - Total cash outflow from financing activities was CNY 48,000,000.00, compared to CNY 15,058,267.92 in the previous period, indicating an increase of about 218.5%[23]. Investments and Expenses - The decline in net profit after deducting non-recurring gains and losses was primarily due to a decrease in revenue from relay protection device testing and charging pile testing services[7]. - The company increased investments in human resources, testing equipment, and R&D, leading to higher expenses in labor, depreciation, travel, and technical services[7]. - Research and development expenses for Q3 2021 were ¥6,413,588.63, an increase of 40.5% compared to ¥4,565,190.27 in Q3 2020[18]. - The company reported a financial income of ¥3,676,174.05, significantly up from ¥349,358.47 in the previous year[18]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,428[9]. - The largest shareholder, Xuchang Kaipu Electric Research Institute Co., Ltd., held 22.50% of the shares[9]. Other Information - The company did not require adjustments to the beginning balance sheet items under the new leasing standards, as it only engages in short-term leases[24]. - The third-quarter report was not audited, which may affect the reliability of the financial data presented[25].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥68,175,540.83, a decrease of 20.40% compared to ¥85,644,311.55 in the same period last year[20]. - The net profit attributable to shareholders was ¥35,122,391.77, down 29.06% from ¥49,506,744.34 year-on-year[20]. - The net profit after deducting non-recurring gains and losses was ¥29,867,095.31, reflecting a decline of 37.21% compared to ¥47,564,477.13 in the previous year[20]. - The basic earnings per share decreased by 46.99% to ¥0.44 from ¥0.83 in the same period last year[20]. - The total assets at the end of the reporting period were ¥1,022,743,744.19, a decrease of 3.29% from ¥1,057,563,766.77 at the end of the previous year[20]. - The net assets attributable to shareholders were ¥991,129,310.45, down 1.28% from ¥1,004,006,918.68 at the end of the previous year[20]. - The net cash flow from operating activities was ¥34,084,836.95, a decrease of 11.28% compared to ¥38,420,027.79 in the same period last year[20]. - The weighted average return on net assets was 3.47%, down 8.94% from 12.41% in the previous year[20]. Revenue Breakdown - Revenue from testing services was ¥66,983,644.30, reflecting a decline of 15.12% compared to the previous year[31]. - Revenue from power system protection and control equipment testing was ¥48,514,472.90, a decrease of 8.67% year-on-year[32]. - Revenue from electric vehicle charging and swapping system testing was ¥10,773,544.50, down 45.45% year-on-year[32]. - Revenue from new energy control equipment and system testing increased by 27.29% year-on-year, reaching ¥7,695,626.90[32]. - Sales of testing equipment generated revenue of ¥485,601.72, a significant decline of 84.32% year-on-year[33]. - Other technical services revenue was ¥254,716.97, down 91.87% year-on-year[33]. Research and Development - The company is focusing on R&D and technology marketing to align with national policies promoting new energy and smart grid development[31]. - The company completed the project initiation report and technical specification for the "DC1500V Converter System Testing Technology Research" project[35]. - The "New Energy Controller Simulation Technology Research Project" achieved modeling and testing validation for energy storage converter controllers and SVG controllers[36]. - The company applied for 2 invention patents and 7 utility model patents during the reporting period, and published 7 academic papers[37]. - The company participated in the revision of 1 national standard and 9 industry standards, including the national standard for electric vehicle power supply equipment safety requirements[38]. Operational Strategy - The company is actively engaging in technical marketing and expanding testing business opportunities through participation in industry events and collaborations[34]. - The company has implemented a diversified procurement strategy to enhance cost control and reduce procurement costs[42]. - The company maintained its core competitiveness without significant adverse changes during the reporting period[43]. Financial Management - The company's operating costs increased by 16.41% to ¥19,791,198.99 from ¥17,000,835.42, mainly due to increased personnel and field testing service expenses[51]. - The company has established several national quality supervision and inspection centers, enhancing its industry position and technical capabilities[44]. - The company has not engaged in any securities or derivative investments during the reporting period[66][67]. - The company has not sold any significant assets or equity during the reporting period[68]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company has no stock incentive plans or employee stock ownership plans in place during the reporting period[83]. - The total number of shares is 80,000,000, with 60,000,000 shares subject to restrictions, representing 100% of the total[122]. - The largest shareholder is Xuchang Kaipu Electric Research Institute Co., Ltd., holding 22.50% of the shares, equivalent to 18,000,000 shares[124]. - The company has 13,126 ordinary shareholders at the end of the reporting period[124]. Compliance and Risk Management - The company has established a quality management system in accordance with ISO/IEC 17025 to mitigate risks related to quality control failures[72]. - The company faces risks related to macroeconomic conditions and industry policies, particularly due to uncertainties from the COVID-19 pandemic[71]. - The company has implemented disaster prevention measures in its facility design, including flood and wind resistance[80]. - The company has established emergency response plans for potential natural disasters and conducts regular fire safety drills[80]. Cash Flow and Liquidity - Cash and cash equivalents increased by 235.12% to CNY 68,967,003.75, mainly due to the recovery of financial product funds exceeding the amount spent on purchases[55]. - The company's total assets included CNY 315,461,382.7 in cash, representing 30.84% of total assets, an increase from 23.30% at the end of the previous year[60]. - The company reported a significant increase in cash flow from operating activities, highlighting improved operational efficiency[158]. - The increase in cash and cash equivalents suggests a strong liquidity position for future investments and growth opportunities[158]. Corporate Governance - There were no changes in the board of directors, supervisors, or senior management during the reporting period[81]. - The company reported no non-operating fund occupation by controlling shareholders or other related parties during the reporting period[100]. - There were no violations regarding external guarantees during the reporting period[101]. Future Outlook - The company intends to maintain a long-term holding strategy to benefit from the issuer's operational achievements[91]. - The company plans to implement share repurchase measures if the stock price remains below the latest audited net asset value per share for 20 consecutive trading days[94]. - The company aims to enhance operational efficiency and reduce costs by improving fund utilization and strengthening internal controls[95].

Financial Performance - The company's operating revenue for Q1 2021 was ¥35,281,597.38, representing a 26.87% increase compared to ¥27,810,099.14 in the same period last year[7] - Net profit attributable to shareholders for Q1 2021 was ¥19,381,194.52, a 54.25% increase from ¥12,564,862.54 year-on-year[7] - The net profit after deducting non-recurring gains and losses was ¥16,641,892.92, up 45.06% from ¥11,472,450.06 in the previous year[7] - Basic and diluted earnings per share for Q1 2021 were both ¥0.24, reflecting a 14.29% increase from ¥0.21 in the previous year[7] - Revenue for Q1 2021 reached ¥35,281,597.38, an increase of 26.87% compared to ¥27,810,099.14 in Q1 2020, primarily driven by growth in testing business income[15] - Net profit for Q1 2021 was ¥19,381,194.52, reflecting a 54.25% increase from ¥12,564,862.54 in Q1 2020, attributed to higher testing business profits and investment income[16] - Operating profit for Q1 2021 was ¥22,718,468.18, up 55.00% from ¥14,657,142.87 in Q1 2020, driven by increased profits from testing services and financial investments[15] - Total operating revenue for Q1 2021 reached ¥35,281,597.38, an increase from ¥27,810,099.14 in the previous period, representing a growth of approximately 27.5%[38] - Net profit for Q1 2021 was ¥19,381,194.52, compared to ¥12,564,862.54 in the same period last year, reflecting a growth of approximately 54.3%[40] - Earnings per share (EPS) for Q1 2021 was ¥0.24, an increase from ¥0.21 in the previous year[41] Cash Flow and Assets - The net cash flow from operating activities increased by 67.17% to ¥10,948,002.42 from ¥6,548,853.92 in the same period last year[7] - The company's cash and cash equivalents at the end of Q1 2021 amounted to ¥314,590,856.37, a significant increase of 335.65% from ¥72,211,621.11 at the end of Q4 2020, due to improved operating cash flow[17] - Cash flow from operating activities for Q1 2021 was ¥10,948,002.42, a 67.17% increase from ¥6,548,853.92 in Q1 2020, reflecting higher customer payments[16] - The company's cash and cash equivalents increased to CNY 314,590,856.37 from CNY 246,423,978.96, representing a growth of approximately 27.6%[29] - The total cash inflow from operating activities was CNY 34,250,742.93, compared to CNY 22,857,600.24, which is an increase of approximately 49.9%[48] - The company reported a net increase in cash and cash equivalents of CNY 68,166,877.41, compared to CNY 633,048.09 in the previous year, showing a significant improvement[49] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,056,587,774.37, a slight decrease of 0.09% from ¥1,057,563,766.77 at the end of the previous year[7] - Net assets attributable to shareholders increased by 1.93% to ¥1,023,388,113.20 from ¥1,004,006,918.68 at the end of the previous year[7] - The total liabilities decreased to CNY 33,199,661.17 from CNY 53,556,848.09, indicating a reduction of about 38%[31] - The company's total assets slightly decreased to CNY 1,056,587,774.37 from CNY 1,057,563,766.77[32] - The company's accounts payable decreased significantly from CNY 23,594,831.71 to CNY 17,141,641.08, a reduction of approximately 27.5%[31] - Owner's equity increased to ¥1,024,810,151.28 from ¥1,006,008,990.61, marking a growth of about 1.8%[39] Investment and Expenses - The company plans to invest a total of ¥55,567.23 million in various projects, with actual investment as of March 31, 2021, being ¥19,800.93 million[21] - Research and development expenses for Q1 2021 were ¥1,790,688.95, compared to ¥1,606,614.37 in the previous year, indicating an increase of approximately 11.4%[39] - The company reported a financial income of ¥1,341,357.75, a substantial increase from ¥29,963.89 in the previous year[39] - The company paid CNY 13,870,761.81 to employees, which is an increase from CNY 10,484,590.58, representing a rise of about 32.7%[48] Government and Shareholder Information - The company received government subsidies amounting to ¥676,194.60 during the reporting period[8] - The total number of ordinary shareholders at the end of the reporting period was 14,289[11] - The largest shareholder, Xuchang Kaipu Electric Research Institute Co., Ltd., held 22.50% of the shares, totaling 18,000,000 shares[11] Other Information - The company reported no overdue or uncollectible amounts in its entrusted financial management activities[23] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[24] - The company did not engage in any research, communication, or interview activities during the reporting period[25] - Deferred income tax liabilities were not reported, indicating a potential area for future financial strategy adjustments[39] - The company has not undergone an audit for the first quarter report[54]

Financial Performance - The company's operating revenue for 2020 was CNY 165,487,175.95, a decrease of 18.42% compared to CNY 202,843,904.50 in 2019[16] - The net profit attributable to shareholders for 2020 was CNY 74,259,742.72, down 31.38% from CNY 108,214,236.29 in 2019[16] - The net profit after deducting non-recurring gains and losses was CNY 68,359,545.65, a decline of 35.42% from CNY 105,845,311.32 in 2019[16] - The basic earnings per share for 2020 was CNY 1.14, a decrease of 36.67% compared to CNY 1.80 in 2019[16] - The total assets at the end of 2020 were CNY 1,057,563,766.77, an increase of 152.74% from CNY 418,439,722.08 at the end of 2019[16] - The net assets attributable to shareholders at the end of 2020 were CNY 1,004,006,918.68, up 168.40% from CNY 374,074,888.08 at the end of 2019[16] - The net cash flow from operating activities for 2020 was CNY 102,184,192.71, a decrease of 19.49% from CNY 126,923,799.30 in 2019[16] - The weighted average return on equity for 2020 was 13.50%, down 19.30% from 32.80% in 2019[16] Dividend Distribution - The company plans to distribute a cash dividend of CNY 6 per 10 shares, totaling CNY 48,000,000 based on 80,000,000 shares[4] - The company declared a cash dividend of CNY 48,000,000 for the year 2020, which accounts for 64.64% of the net profit attributable to shareholders[104] - The cash dividend distribution plan is based on a total share capital of 80,000,000 shares, with a payout of CNY 6 per 10 shares[104] - The total distributable profit for the year 2020 was CNY 252,460,550.38, with the cash dividend representing 100% of the profit distribution[104] Government Support and Subsidies - The company reported a significant increase in government subsidies, totaling ¥5,042,223.40 in 2020, compared to ¥1,326,667.68 in 2019, marking a growth of 279.5%[21] Market Position and Business Operations - The company operates as an independent third-party testing institution with three national quality supervision and inspection centers, enhancing its market position in the power equipment industry[24] - The core business includes testing services for power system secondary equipment, which remains unchanged during the reporting period[24] - The company has established six specialized testing laboratories and two comprehensive testing bases, enhancing its testing capabilities across various domains[24] - The company is actively developing new products and standards, focusing on automation in testing equipment to improve operational efficiency[28] - The company is positioned in a growing market due to supportive national industrial policies aimed at enhancing energy efficiency and promoting clean energy[28] - The company engages in full-staff marketing and technical marketing strategies to enhance brand influence and market recognition[26] - The company has implemented strict procurement management systems to ensure efficient procurement processes for testing equipment and materials[27] - The company is expanding its market capacity by exploring emerging markets and enhancing its testing capabilities through research and development[28] Revenue Breakdown - Revenue from electric power system protection and control equipment detection was ¥88,131,678.77, a decline of 45.79% due to delays in client R&D plans caused by the pandemic[45] - Revenue from electric vehicle charging and swapping system detection increased by 89.41% to ¥40,164,929.25, driven by national policy support for the electric vehicle charging industry[46] - Revenue from new energy control equipment and systems rose by 24.24% to ¥12,945,796.23, reflecting growth in the domestic new energy generation sector[46] - Sales revenue from detection equipment reached ¥17,854,867.21, a significant increase of 199.64%, largely due to a major contract worth ¥14.28 million[46] - Other technical service revenue grew by 284.5% to ¥5,315,848.81, indicating a strong demand for additional services[47] Research and Development - The company applied for 20 invention patents and 7 utility model patents during the reporting period, showcasing its commitment to innovation[39] - The company launched 10 new products that passed the China Machinery Industry Federation's new product and technology appraisal, with one product achieving international leading performance[48] - The company has been actively developing new technologies, including a real-time digital simulation system for energy internet and a smart detection cloud platform[66] Initial Public Offering (IPO) - The company successfully listed on the Shenzhen Stock Exchange on September 23, 2020, raising a total of CNY 608,400,000.00 from the public offering of 20 million shares[52] - The company raised a total of ¥608,400,000.00 through its initial public offering, with a net amount of ¥555,672,287.88 after deducting issuance costs[81] Asset Management and Financial Health - The company reported a significant increase in trading financial assets, amounting to ¥440,848,939.73, which accounted for 41.69% of total assets[71] - The company's fixed assets decreased by 32.50% from ¥214,827,910.47 at the beginning of the year to ¥199,220,124.01 at the end of the year[71] - The company has no significant changes in accounts receivable, which stood at ¥15,828,133.12, representing 1.50% of total assets[71] - The company has not engaged in any securities or derivative investments during the reporting period[77][78] Shareholder Structure and Governance - The company has no significant changes in accounts receivable, which stood at ¥15,828,133.12, representing 1.50% of total assets[71] - The company has no controlling shareholder or actual controller, as no single shareholder can control the shareholder meeting or board of directors[170] - The board of directors consists of five members, with no single shareholder able to dominate board decisions[168] - The company has not engaged in any repurchase transactions during the reporting period[166] Employee Management and Development - The company employs a total of 85 staff members, including 64 technical personnel and 6 sales personnel[195] - The educational background of employees includes 20 with a master's degree or higher, 49 with a bachelor's degree, and 16 with a diploma or lower[196] - The company emphasizes employee training and development, creating a tiered training and talent development system to meet diverse training needs[198] - New employee training includes corporate culture and skills training, with a mentorship system to facilitate integration into the company[198] Compliance and Risk Management - The company emphasizes compliance with laws and regulations, ensuring transparency and protecting shareholder rights[143] - The company has committed to avoiding any business activities that may directly or indirectly compete with its main business operations[117] - The company has implemented a new revenue recognition policy effective January 1, 2020, transitioning to a control transfer basis for revenue recognition[121]