Financial Performance - The company reported a total revenue of RMB 200 million for the first half of 2021, representing a year-on-year increase of 15% compared to the same period in 2020[22]. - The net profit attributable to shareholders was RMB 30 million, which is a 10% increase from the previous year[22]. - The company's operating revenue for the reporting period was ¥509,468,773.50, representing a 34.65% increase compared to ¥378,354,349.98 in the same period last year[29]. - The net profit attributable to shareholders was ¥92,273,348.00, up 51.63% from ¥60,854,753.06 year-on-year[29]. - The net profit after deducting non-recurring gains and losses was ¥80,046,987.29, reflecting a 33.74% increase from ¥59,853,764.13 in the previous year[29]. - The basic earnings per share increased to ¥0.59, a rise of 13.46% compared to ¥0.52 in the same period last year[29]. - The company's revenue for the reporting period reached ¥509,468,773.50, representing a year-on-year increase of 34.65% due to strong market demand and increased sales volume[68]. - The revenue from "Carbon/Carbon Thermal Field Materials" increased significantly by 75.70% to CNY 223,379,001.99, driven by strong downstream demand[76]. - The company's revenue from the "Rainmaking and Hail Prevention Rockets and Supporting Equipment" segment was CNY 162,436,972.48, representing an 8.03% increase year-on-year[76]. - The revenue from "Military Small Solid Rockets" segment decreased by 43.24% to CNY 11,163,123.85, reflecting lower demand in the first half of the year[76]. Investment and Development - The company plans to invest RMB 50 million in research and development for new rocket technology in the upcoming year[22]. - The company is focusing on developing a new generation of solid rocket engines, with a projected completion date in 2022[22]. - The company continues to focus on the research, development, production, and sales of small solid rockets and related products, with no changes in its main business during the reporting period[39]. - The company is actively exploring new application fields and markets for its series of sounding rockets, aiming to expand its market presence[62]. - The company aims to enhance its R&D capabilities by aligning projects with market demand and improving market forecasting and analysis[100]. Market Expansion and Client Growth - User data indicates a 20% increase in the number of clients utilizing the weather modification services compared to the previous year[22]. - The company has expanded its market presence by entering two new provinces for its weather modification operations, aiming for a 25% growth in service coverage[22]. - The company has seen stable demand for weather modification products, driven by government policies aimed at disaster prevention and food security[51]. - The company anticipates continued growth in the intelligent transportation sector due to ongoing investments in highway infrastructure[54]. Financial Management and Assets - The total assets at the end of the reporting period were ¥1,807,969,365.76, which is a 4.07% increase from ¥1,737,234,466.96 at the end of the previous year[29]. - The net assets attributable to shareholders increased by 6.67% to ¥1,315,969,046.09 from ¥1,233,737,878.25 at the end of the previous year[29]. - The company reported a net cash flow from operating activities of -¥44,622,986.84, an improvement of 32.04% from -¥65,657,841.70 in the same period last year[29]. - The company's cash and cash equivalents decreased significantly to CNY 294,595,647.18, down from CNY 666,239,163.55, due to various expenditures[80]. - The total operating costs increased by 38.52% to ¥336,885,715.92, driven by the rise in sales volume[68]. Corporate Governance and Compliance - The company has not engaged in any significant asset or equity sales during the reporting period[93]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[116]. - The company has obtained all necessary environmental impact assessment reports and pollution discharge permits for its operations[116]. - The company has implemented a sustainable development strategy in compliance with environmental laws and regulations[116]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[120]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 29,896, with the top 10 shareholders holding significant stakes[176]. - The largest shareholder, Aerospace Power Technology Research Institute, holds 32.65% of the shares[176]. - The company has not issued new shares or conducted any share buybacks during the reporting period[176]. - The top 10 unrestricted ordinary shareholders hold a total of 1,141,390 shares, with China Construction Bank being the largest shareholder[186]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[191].

Financial Performance - The company's operating revenue for Q1 2021 was ¥214,624,694.15, representing an increase of 86.02% compared to ¥115,376,304.78 in the same period last year[8]. - Net profit attributable to shareholders for Q1 2021 was ¥48,823,363.47, a significant increase of 161.05% from ¥18,702,587.93 in the previous year[8]. - The net profit after deducting non-recurring gains and losses was ¥38,289,454.13, up 107.51% from ¥18,452,279.38 year-on-year[8]. - The basic earnings per share for Q1 2021 was ¥0.31, an increase of 93.75% compared to ¥0.16 in the same period last year[8]. - Operating profit surged by 136.83% to ¥50,649,394.54, attributed to increased sales revenue and government subsidies[22]. - The total comprehensive income for the period is CNY 48,823,363.47, compared to CNY 18,702,587.93 in the previous period, representing a significant increase[66]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,704,521,134.42, a decrease of 1.88% from ¥1,737,234,466.96 at the end of the previous year[8]. - The total liabilities of the company were CNY 421,483,176.33, down from CNY 503,496,588.71, showing a reduction of approximately 16.3%[46]. - Total liabilities decreased to ¥242,360,869.17 from ¥345,411,547.44, showing a reduction of approximately 30%[57]. - The company's equity attributable to shareholders reached CNY 1,283,037,958.09, an increase from CNY 1,233,737,878.25, representing a growth of about 4%[50]. Cash Flow - The net cash flow from operating activities was -¥38,400,977.71, an improvement of 53.37% compared to -¥82,346,643.41 in the same period last year[8]. - Cash inflow from operating activities totaled CNY 101,946,245.20, compared to CNY 57,771,261.80 in the previous period, indicating a 76.2% increase[79]. - Cash outflow from operating activities was CNY 140,347,222.91, slightly up from CNY 140,117,905.21 in the previous period[79]. - The net cash flow from financing activities was negative at -¥73,286,697.00, compared to a positive inflow of ¥18,642,877.34 in the previous period[85]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 39,101[11]. - The company did not report any non-operational fund occupation by controlling shareholders or related parties during the reporting period[36]. Government Subsidies and Other Income - The company received government subsidies amounting to ¥12,652,967.29 during the reporting period[8]. - The company reported a significant increase in other income, which rose by 1631.24% to ¥5,047,243.76 due to higher government subsidies received[25]. - Other income increased significantly to CNY 3,881,967.29 from CNY 194,500.00 in the previous period, reflecting a growth of 1,895.4%[67]. Costs and Expenses - The company’s total costs rose by 74.95% to ¥165,776,293.58, primarily due to increased overall cost expenses[22]. - Research and development expenses for the quarter were ¥7,271,763.08, compared to ¥6,442,410.55 in the previous year, marking a 13% increase[60]. - The company reported a total operating cost of ¥165,776,293.58, up from ¥94,756,367.17, indicating a 75% increase[60]. Investment and Financing - The company has not engaged in any securities or derivative investments during the reporting period[27][30]. - The company paid ¥70,000,000.00 in debt repayments during the period, indicating a substantial cash outflow[85]. - The company reported cash inflow from investment activities of ¥3,000,000.00, while cash outflow for investments was ¥1,901,844.70, resulting in a net cash inflow of ¥1,098,155.30[85]. Changes in Assets - Accounts receivable increased by 36.77% to ¥405,285,238.99, driven by rapid sales growth[22]. - Cash and cash equivalents at the end of the period amounted to ¥547,480,298.61, an increase of 89.83% from ¥288,411,550.99[25]. - The inventory level was reported at CNY 201,127,637.18, slightly down from CNY 202,118,269.21, indicating a decrease of approximately 0.5%[41].

Financial Performance - The company reported a total revenue of RMB 155,392,313 for the year 2020, with a cash dividend of RMB 0.68 per 10 shares distributed to all shareholders[8]. - The company's operating revenue for 2020 was ¥863,274,522.05, an increase of 8.37% compared to ¥796,584,628.60 in 2019[28]. - The net profit attributable to shareholders for 2020 was ¥103,439,452.75, reflecting a growth of 4.54% from ¥98,947,546.05 in 2019[28]. - The net profit after deducting non-recurring gains and losses was ¥97,171,396.08, which is a 10.67% increase from ¥87,804,772.78 in 2019[28]. - The company's total assets at the end of 2020 reached ¥1,737,234,466.96, marking a 29.70% increase from ¥1,339,401,383.75 at the end of 2019[28]. - The basic earnings per share for 2020 was ¥0.82, a decrease of 3.53% compared to ¥0.85 in 2019[28]. - The net cash flow from operating activities for 2020 was ¥64,845,369.22, down 43.75% from ¥115,276,648.28 in 2019[28]. - The company reported a weighted average return on equity of 12.13% for 2020, down from 15.12% in 2019[28]. - The total profit for the year was 114 million yuan, with a year-on-year increase of 4.02%[96]. - The company reported a total revenue of ¥599,728,241.36, marking an 8.85% increase from ¥550,949,026.07 in the previous year[127]. Market Expansion and Product Development - The company plans to expand its market presence and enhance its product offerings in the field of solid rocket engines and artificial weather modification systems[8]. - The company is focusing on the development of new technologies, including advanced carbon/carbon composite materials, which can withstand temperatures above 3000℃[17]. - The company aims to increase its production capacity and improve operational efficiency through strategic investments in technology and infrastructure[8]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its product portfolio[8]. - The company actively expands aerospace technology into various application fields, with key products including rain enhancement rockets and sounding rockets[44]. - The company has developed a series of small solid rockets and supporting equipment, including rain enhancement and sounding rockets[42]. - The company is advancing multiple key R&D projects, including a drone-based rain enhancement system and a new automated launch system[134]. - The company aims to enhance its R&D capabilities and accelerate project development in key areas such as artificial weather modification and high-temperature special materials[174]. Risk Management and Compliance - The company has established a comprehensive risk management framework to address potential challenges in future operations[8]. - The company is committed to maintaining high standards of financial reporting and transparency, ensuring the accuracy and completeness of its financial statements[6]. - The company adheres to national policies promoting the development of artificial weather modification, which supports the growth of the industry[55]. - The procurement and production processes for both civil and military products follow strict internal control management, ensuring quality and compliance[53]. - The company emphasizes the importance of product safety and stability in its R&D processes, particularly for military and industrial applications[181]. - The company has implemented stricter confidentiality measures, resulting in no leakage incidents throughout 2020[116]. Cash Flow and Investment - The company achieved a significant increase in cash and cash equivalents, with a net increase of ¥290,089,591.64, reflecting a 903.72% rise from ¥28,901,457.20 in 2019[141]. - The company's financing activities generated a net cash flow of ¥260,349,394.44 in 2020, a significant increase compared to a negative cash flow of -¥63,346,921.51 in 2019[141]. - The company’s investment activities resulted in a net cash flow of -¥34,495,698.86, an increase of 46.52% compared to -¥23,542,846.05 in 2019[141]. - The company reported a total of 44,595.66 million CNY raised from its initial public offering, with 13,639.85 million CNY utilized during the reporting period[151]. - The company has approved the use of up to 25,000 million CNY of temporarily idle raised funds for cash management, ensuring it does not affect the progress of investment projects[152]. Strategic Initiatives and Future Outlook - The company anticipates a positive outlook for the upcoming fiscal year, driven by increased demand and strategic initiatives[8]. - The company is positioned to benefit from the growing demand for lightweight, low-cost military rockets due to increasing international security risks[76]. - The company plans to optimize its marketing strategies to increase market share in both domestic and international markets, focusing on expanding its customer base[174]. - The company aims to achieve breakthroughs in international business by leveraging the "Belt and Road" initiative to expand its global market presence[177]. - The company is investing in talent acquisition and training to strengthen its workforce and enhance its competitive edge[174]. Challenges and Risks - The company faces risks related to the potential loss of core technical personnel in the small solid rocket sector, which could impact its R&D capabilities[180]. - The smart weighing system business faces intense competition, and failure to meet customer needs may lead to a decline in market share[183]. - The military products business significantly influences the company's financial performance, with potential risks if customer recognition or procurement plans change[186]. - The civil products business, including rain enhancement rockets and smart weighing systems, faces market expansion risks due to insufficient revenue generation in non-weather modification applications[187]. - The COVID-19 pandemic has negatively impacted international economic conditions, potentially leading to decreased downstream demand and extended payment timelines[189]. Profit Distribution and Shareholder Engagement - The company plans to distribute cash dividends of at least 10% of the distributable profit attributable to shareholders in the coming years, subject to certain conditions[196]. - The company aims to maintain a cash dividend ratio of at least 80% during mature stages without major capital expenditures[199]. - The profit distribution plan is reviewed by the board of directors, which discusses the timing, conditions, and ratio of cash dividends before submitting it to the shareholders' meeting for approval[200]. - Independent directors can gather opinions from small and medium shareholders to propose dividend plans directly to the board[200]. - The supervisory board monitors the execution of the profit distribution policy and provides special comments on any profit distribution plans not proposed during profitable years[200].

Financial Performance - Operating revenue for the reporting period was ¥167,417,869.11, representing a year-on-year increase of 57.94%[8] - Net profit attributable to shareholders of the listed company was ¥12,050,998.72, up 35.30% compared to the same period last year[8] - The net profit after deducting non-recurring gains and losses was ¥11,038,319.64, an increase of 48.34% year-on-year[8] - The basic earnings per share for the reporting period was ¥0.10, a rise of 25.00% compared to the previous year[8] - The weighted average return on net assets was 1.60%, an increase of 17.64% year-on-year[8] - Total operating revenue for the current period reached ¥79,771,986.47, an increase of 33.9% compared to ¥59,542,704.80 in the previous period[66] - Net profit for the current period was ¥12,050,998.72, up 35.9% from ¥8,906,610.35 in the previous period[60] - Operating profit increased to ¥14,259,789.06, compared to ¥10,337,783.23 in the previous period, reflecting a growth of 37.3%[60] - The company reported a net profit of CNY 379,068,437.17, up from CNY 319,012,898.81, which is an increase of approximately 18.8%[45] - The total comprehensive income for the current period was ¥72,905,751.78, compared to ¥58,964,366.41 in the previous period, showing a 24% increase[74] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,862,113,512.58, an increase of 39.03% compared to the end of the previous year[8] - The total assets of the company reached CNY 1,584,727,449.55, up from CNY 989,641,046.99, indicating a significant increase of about 60% year-over-year[52] - The total liabilities amounted to CNY 479,866,995.53, compared to CNY 362,162,648.81 in the previous year, reflecting an increase of approximately 32.5%[52] - The company's total assets stood at $1,339,401,383.75, indicating stable asset management[106] - Total liabilities reached ¥362.16 million, with non-current liabilities accounting for ¥20.49 million[112] Cash Flow - The net cash flow from operating activities was -¥19,763,920.90, a decrease of 56.48% compared to the same period last year[8] - The net cash flow from operating activities was -85,421,762.60 CNY, compared to -32,393,664.69 CNY in the previous period, indicating a decline in operational performance[87] - Cash inflow from sales of goods and services was 299,983,836.53 CNY, down from 366,199,007.78 CNY year-over-year, reflecting a decrease of approximately 18.0%[87] - The net cash flow from financing activities increased by 536.17% year-on-year, due to funds raised from the IPO[21] - The net cash flow from financing activities was 446,270,168.85 CNY, a substantial increase from -102,316,117.37 CNY in the previous period[90] Shareholder Information - The company reported a total of 79,018 shareholders at the end of the reporting period, with the top 10 shareholders holding a combined 32.65% of shares[12] - The ending balance of cash increased by 93.41% compared to the beginning of the year, attributed to funds raised from the company's IPO[21] Costs and Expenses - Operating costs increased by 36.44% year-on-year, due to increased sales and rising material costs[21] - Total operating costs amounted to ¥154,089,665.66, up from ¥97,343,806.49 in the previous period, indicating a rise of 58%[60] - Tax expenses for the current period were ¥1,753,115.48, compared to ¥759,476.56 in the previous period, an increase of 131.1%[60] - Financial expenses totaled ¥1,775,716.93, slightly down from ¥1,878,495.81 in the previous period, showing a decrease of 5.5%[60] Research and Development - Research and development expenses were ¥9,712,906.67, an increase of 15.9% from ¥8,368,029.79 in the previous period[60] - Research and development expenses for the current period were ¥29,874,400.75, compared to ¥28,114,611.38 in the previous period, indicating a 6% increase[71] Future Plans - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[48] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[76]