Revenue and Profit - Revenue for Q3 2022 reached ¥264,317,914.21, an increase of 28.01% year-over-year[6] - Net profit attributable to shareholders was ¥21,795,402.49, a decrease of 20.18% compared to the same period last year[6] - Basic earnings per share decreased by 22.08% to ¥0.1403[6] - Total operating revenue for the current period reached ¥834,456,724.42, an increase of 16.5% compared to ¥715,952,120.07 in the previous period[25] - Net profit for the current period was ¥108,344,820.27, a decrease of 9.5% from ¥119,577,458.28 in the previous period[27] Assets and Liabilities - Total assets increased by 48.71% to ¥2,777,199,342.10 compared to the end of the previous year[6] - The total liabilities amount to ¥1,287,813,022.15, compared to ¥519,640,451.66 previously[22] - The total number of common shareholders at the end of the reporting period is 29,212[13] - The largest shareholder, Aerospace Power Technology Research Institute, holds 32.65% of shares, totaling 50,740,000 shares[13] - The total assets and owners' equity reached ¥2,777,199,342.10, up from ¥1,867,526,338.99, indicating a growth of 48.7%[24] Cash Flow - Cash flow from operating activities showed a net outflow of ¥22,156,097.00, a decline of 172.93% year-over-year[10] - Cash flow from operating activities showed a net outflow of ¥22,156,097.00, worsening from a net outflow of ¥8,117,912.05 in the previous period[30] - The net cash flow from investing activities was -14,510,724.43, compared to -138,599,735.92 in the previous period[32] - The net cash flow from financing activities was 707,988,229.59, a significant increase from -88,192,592.28 in the previous period[32] - The total cash and cash equivalents at the end of the period reached 1,246,113,278.94, up from 430,773,235.08 in the previous period[32] Expenses - Research and development expenses increased by 75.91% to ¥47,406,052.33[10] - Total operating costs amounted to ¥694,645,951.94, up from ¥585,611,024.80, reflecting a year-over-year increase of 18.6%[25] - The company reported a tax expense of ¥13,823,830.91, down from ¥18,867,042.75, reflecting a decrease of 26.4%[27] - Other income for the current period was ¥2,733,036.52, down from ¥6,041,259.79 in the previous period, a decline of 54.8%[25] Credit and Inventory - The company recorded a credit impairment loss of ¥20,053,887.50, compared to a loss of ¥7,265,661.50 in the previous period, indicating a significant increase in credit risk[27] - The company reported a total of 263,570,106.48 in inventory as of September 30, 2022, compared to 236,591,538.84 earlier in the year[20] Shareholder Information - The company has a total equity of ¥199,337,171.27, reflecting its financial stability[22] Other Information - The company received government subsidies amounting to ¥1,516,341.88 during the reporting period[7] - The company did not undergo an audit for the third quarter report[33] - The report was released by the board of directors on October 26, 2022[34]

Financial Performance - The company reported a total revenue of RMB 44,561 million for the first half of 2022, marking a significant increase compared to the same period last year[19]. - The net profit attributable to shareholders for the first half of 2022 was RMB 4,456 million, representing a year-on-year growth of 15%[19]. - The company's revenue for the reporting period was ¥570,138,810.21, representing an increase of 11.91% compared to ¥509,468,773.50 in the same period last year[31]. - Net profit attributable to shareholders decreased by 6.20% to ¥86,549,417.78 from ¥92,273,348.00 year-on-year[31]. - The net profit after deducting non-recurring gains and losses increased by 6.72% to ¥85,424,619.58 from ¥80,046,987.29 in the previous year[31]. - The net cash flow from operating activities was -¥57,229,630.34, a decline of 28.25% compared to -¥44,622,986.84 in the same period last year[31]. - Basic earnings per share decreased by 5.59% to ¥0.5570 from ¥0.59 year-on-year[31]. - The management remains optimistic about future growth, projecting a revenue increase of 10% for the second half of 2022[19]. Strategic Initiatives - The company plans to invest in new product development and technology research to enhance its competitive edge in the aerospace sector[19]. - The company has outlined a strategic plan for market expansion, targeting a 30% increase in market share by the end of 2023[19]. - The company is exploring potential mergers and acquisitions to strengthen its position in the aerospace industry[19]. - A new technology initiative is expected to launch in Q4 2022, aimed at improving operational efficiency by 25%[19]. Market and Product Development - User data indicates a 20% increase in active users of the company's services compared to the previous year, reflecting strong market demand[19]. - The company focuses on the research, production, and sales of small solid rockets and their extended products, emphasizing the deep transformation and application of core technologies in multiple fields[40]. - The main products include rain enhancement rockets, sounding rockets, and small guided rockets, with applications in agriculture disaster prevention and atmospheric parameter detection[41]. - The company has developed a series of sounding rockets covering low, medium, and near-space detection, establishing a strong support for atmospheric environment detection and research[68]. - The company has successfully filled the gap in the domestic lightweight guided rocket market with its first 20kg class small guided rocket, establishing a competitive advantage[68]. Financial Management and Investments - The company has not disclosed any significant new product developments or market expansion strategies in the current report[39]. - The total amount of funds raised in 2020 was CNY 44,595.66 million, with CNY 153.69 million used during the reporting period and a cumulative usage of CNY 24,214.76 million[99]. - The company invested CNY 150.99 million in the dual-use rocket production capacity construction project during the reporting period[99]. - The cumulative investment in the dual-use high-temperature special materials production line project (Phase I) reached CNY 11,020 million, achieving 100.19% of the planned investment[104]. Risk Management - The company has identified key risks, including regulatory changes and market competition, and has developed corresponding mitigation strategies[19]. - The company faces risks related to the loss of core technical personnel in the small solid rocket sector, which could adversely affect product development capabilities[118]. - The overall gross margin is subject to fluctuations due to changes in product sales prices, raw material costs, and market competition[127]. - The company must obtain various qualifications to operate in the military and civil sectors, and any changes in these regulatory requirements could negatively impact operations[124]. Corporate Governance and Compliance - The company held its first extraordinary general meeting of shareholders in 2022 with a participation rate of 69.59% on March 18, 2022[134]. - The annual general meeting for 2021 had a participation rate of 75.10% and was held on May 12, 2022[134]. - The company has not faced any environmental penalties during the reporting period and has maintained compliance with environmental standards[141]. - The company has implemented an environmental management system and successfully passed certification audits[143]. Employee Engagement and Social Responsibility - The company has established a youth volunteer service team to engage in community service activities, including blood donation and educational support for rural schools[152]. - The company has taken measures to care for employees, including distributing summer heat prevention supplies and organizing various cultural and sports activities[157]. - The company emphasizes the importance of safety production and environmental protection, continuously reducing the comprehensive energy consumption per unit of product[156]. Shareholding and Investment Strategy - The actual controller and major shareholders have committed to not reducing their shareholdings during the lock-up period, which is expected to last for two years after the initial public offering[160]. - The company plans to maintain a long-term holding of its shares, believing in the development prospects of the issuer and the industry[175]. - The company commits to not reducing its holdings during the lock-up period of 2 years following the IPO, adhering to relevant laws and regulations[176].

Financial Performance - The company's operating revenue for Q1 2022 was ¥210,056,939.54, a decrease of 2.13% compared to ¥214,624,694.15 in the same period last year[5] - Net profit attributable to shareholders was ¥38,429,199.36, down 21.29% from ¥48,823,363.47 year-on-year[5] - Basic and diluted earnings per share decreased by 19.35% to ¥0.25 from ¥0.31 in the same period last year[5] - Total operating revenue for the current period is $210,056,939.54, a decrease of 2.63% from $214,624,694.15 in the previous period[27] - Net profit for the current period is $38,429,199.36, down 21.23% from $48,823,363.47 in the previous period[30] Cash Flow - The net cash flow from operating activities was -¥53,852,797.49, representing a 40.24% increase in cash outflow compared to -¥38,400,977.71 in the previous year[5] - Cash inflow from operating activities totaled $79,308,224.15, a decrease of 22.31% from $101,946,245.20 in the previous period[34] - The net cash flow from operating activities was -53,852,797.49, compared to -38,400,977.71 in the previous period, indicating a decline in operational performance[37] - The total cash outflow from operating activities amounted to 133,161,021.64, slightly down from 140,347,222.91 in the previous period[37] - The net cash flow from investing activities was -3,495,306.73, compared to -6,263,485.71 previously, showing an improvement in investment cash flow[37] - The net cash flow from financing activities was -1,043,078.20, a significant decrease from -73,648,751.00 in the previous period, indicating reduced financing outflows[40] Assets and Liabilities - Total assets at the end of Q1 2022 were ¥1,898,862,324.17, an increase of 1.68% from ¥1,867,526,338.99 at the end of the previous year[5] - Total assets increased to CNY 1,898,862,324.17 from CNY 1,867,526,338.99, reflecting a growth of approximately 1.79%[23] - Total liabilities decreased to CNY 511,841,083.22 from CNY 519,640,451.66, a reduction of approximately 1.54%[23] - Owner's equity increased to CNY 1,387,021,240.95 from CNY 1,347,885,887.33, reflecting a growth of about 2.9%[26] Expenses - Total operating costs increased to $166,032,106.45, up 0.15% from $165,776,293.58 in the previous period[27] - Research and development expenses for the current period are $7,588,204.34, slightly up from $7,271,763.08 in the previous period[27] - Sales expenses decreased by 49.58% to ¥3,269,897.34 due to reduced travel and after-sales service activities impacted by the pandemic[9] - Tax expenses decreased to $1,536,322.79, down 22.49% from $1,983,377.94 in the previous period[27] - The company paid 4,342,157.41 in taxes, a decrease from 14,330,171.96 in the previous period, suggesting improved tax efficiency[37] - Cash paid to employees was 37,447,324.50, down from 39,927,165.40, indicating a reduction in payroll expenses[37] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 26,949, with the largest shareholder holding 32.65% of the shares[13] Other Financial Information - The company received government subsidies amounting to ¥693,724.95 during the quarter, a significant decrease compared to previous periods[12] - The company reported a 128.91% increase in credit impairment losses to ¥870,248.22, attributed to changes in the aging of receivables[9] - The company reported a net exchange loss of $870,248.22, compared to a loss of $3,010,693.55 in the previous period[30] - The impact of exchange rate changes on cash and cash equivalents was -56,649.84, compared to 65,109.28 previously, indicating a negative effect from currency fluctuations[40] - The company did not conduct an audit for the first quarter report, which may affect the reliability of the financial data presented[41] - The company has not disclosed any new product developments or market expansion strategies in the current report[22] - There were no updates on mergers or acquisitions in the latest financial report[22]

Financial Performance - The company reported a cash dividend of 0.79 RMB per 10 shares, based on a total of 155,392,313 shares[6]. - The company's operating revenue for 2021 was ¥1,015,068,120.62, representing a 17.58% increase compared to ¥863,274,522.05 in 2020[28]. - The net profit attributable to shareholders for 2021 was ¥122,352,866.07, an increase of 18.28% from ¥103,439,452.75 in 2020[28]. - The net cash flow from operating activities for 2021 was ¥118,628,430.46, showing an 82.94% increase compared to ¥64,845,369.22 in 2020[28]. - The total assets at the end of 2021 were ¥1,867,526,338.99, a 7.50% increase from ¥1,737,234,466.96 at the end of 2020[31]. - The net assets attributable to shareholders at the end of 2021 were ¥1,347,885,887.33, reflecting a 9.25% increase from ¥1,233,737,878.25 at the end of 2020[31]. - The company reported a total non-operating income of 18,509,046.15 in 2021, a significant increase of 195.5% compared to 6,268,056.67 in 2020[38]. - Government subsidies recognized in the current period amounted to 20,351,374.60 in 2021, up 149.5% from 8,156,487.76 in 2020[38]. - The company achieved an annual revenue of 1.015 billion yuan, representing a year-on-year growth of 17.58%[108]. - The net profit for the year was 122 million yuan, with an increase of 18.28% compared to the previous year[108]. Research and Development - The company has made significant investments in research and development for advanced composite materials used in aerospace applications[21]. - Research and development expenses totaled 64.36 million yuan, reflecting a growth of 13.5% year-on-year[114]. - The company is advancing multiple R&D projects, including a drone for cloud seeding and technology for haze reduction, aiming to expand its market applications[143]. - The company’s R&D investment amounted to ¥64,360,938.52 in 2021, representing a 13.50% increase from ¥56,705,480.63 in 2020[150]. - The number of R&D personnel decreased by 2.90% to 234 in 2021, down from 241 in 2020[150]. - The proportion of R&D personnel in the total workforce fell to 28.30% from 33.33% in the previous year[150]. - The company has developed high-performance carbon/carbon thermal field materials and erosion-resistant components for solid rocket engines, which are lightweight and have strong erosion resistance[75][79]. Market Strategy and Expansion - The company is focused on expanding its market presence and developing new technologies in solid rocket engines and related systems[21]. - The company has a strategic plan for future growth, including potential mergers and acquisitions to enhance its capabilities[21]. - The company is actively pursuing partnerships to enhance its technological capabilities and market reach[21]. - The company has strengthened its market expansion strategy, focusing on both domestic and international markets[120]. - The company is focused on expanding its international business, particularly in technology export related to cloud-based command platforms for disaster prevention[189]. - The company aims to optimize its market sales model, maintaining stability with major clients while expanding market share through innovative marketing strategies in the disaster prevention and reduction sector[189]. Product Development and Innovation - The company focuses on the research, development, production, and sales of small solid rockets and their extended products, leveraging core technologies in solid rocket design, high-performance materials, and measurement and control systems[73]. - The main products include rain enhancement rockets, sounding rockets, and small guided rockets, with applications in agriculture disaster prevention and atmospheric parameter detection[74][79]. - The company has initiated the development of a 20kg class small guided rocket, aiming to fill the domestic market gap and compete in the international arms trade[53]. - The company is focused on developing specialized rockets for different cloud conditions to meet the growing demands of artificial weather modification[95]. - The company plans to enhance new product research and development efforts in 2022, focusing on disaster prevention and reduction, including the promotion of UAV applications and the development of new structural crucible products[188]. Environmental Responsibility and Technology - The company is committed to environmental responsibility and aims to leverage technology for weather modification operations[21]. - The artificial weather modification efforts are increasingly important for disaster prevention and ensuring food security amid climate change[48]. - The company is focusing on the development of new technologies and tools for artificial weather modification, including advanced catalysts and operational systems[48]. Quality Control and Compliance - The company emphasizes quality management, aiming for "zero defect delivery" and has implemented strict quality control measures throughout the production process[103]. - The company has implemented strict supplier investigations and quality control measures, ensuring the quality of critical products[122]. - The company successfully passed quality management system audits without any batch quality incidents throughout the year[122]. - The company is committed to strict compliance with capital market regulations and aims to enhance its professional capabilities in capital market operations, ensuring no violations occur throughout the year[190]. Financial Management and Investments - The company has a leading market share in the domestic artificial weather modification rocket industry, maintaining the top position for many years[95]. - The company has established a significant market share in intelligent weighing systems, capturing over 30% of the market in Shaanxi and Inner Mongolia highways[97]. - The company maintained a stable supply chain, with the top five suppliers accounting for 39.49% of total procurement, amounting to ¥254,840,586.30[139]. - The company has not engaged in any significant equity or non-equity investments during the reporting period[160][161]. - The company did not engage in any significant equity or non-equity investments during the reporting period[160][161]. Industry Trends and Challenges - The demand for artificial weather modification products is expected to maintain stable growth, particularly for rocket-based products that are mature, efficient, and safe[48]. - The artificial weather modification industry is supported by national policies, including the "National Artificial Weather Modification Development Plan (2014-2020)"[48]. - The core technology for small solid rockets is concentrated among a few large military groups, leading to a risk of talent loss that could adversely affect the company's R&D capabilities[197]. - The small solid rocket products have stringent safety and stability requirements, making R&D costly and high-risk; failure to meet market demands could lead to unrecouped investments[200]. - The company's thermal field materials business may face revenue decline if it cannot adapt to changes in the photovoltaic industry's product structure[195].

Financial Performance - The company's operating revenue for Q3 2021 reached ¥206,483,346.57, representing a 23.33% increase compared to the same period last year[4]. - Net profit attributable to shareholders was ¥27,304,110.28, a significant increase of 126.57% year-on-year[4]. - The net profit after deducting non-recurring gains and losses was ¥25,772,162.30, up 133.48% from the previous year[4]. - The total profit for the period was ¥138,444,501.03, a 66.60% increase year-on-year, driven by increased sales revenue and government subsidies[9]. - Net profit for the period was ¥119,577,458.28, representing a 64% increase from ¥72,905,751.78 in the same period last year[27]. - The company's basic earnings per share for the period was ¥0.18, an increase of 80.00% compared to the same period last year[4]. - Earnings per share (EPS) for the period was ¥0.77, compared to ¥0.63 in the previous period[29]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,858,313,531.63, reflecting a 6.97% increase from the end of the previous year[4]. - The total assets of the company reached ¥1,858,313,531.63, up from ¥1,737,234,466.96 in the previous period[24]. - The total liabilities increased to approximately ¥1.86 billion, compared to ¥1.74 billion in the previous year, indicating a growth of 6.94%[20]. - Total liabilities increased to ¥515,059,863.65, up from ¥503,496,588.71 in the previous period[24]. - The total liabilities amounted to ¥480,448,255.37, remaining stable compared to the previous period[36]. - Total liabilities amounted to 503,496,588.71, a slight decrease from 507,338,717.40[38]. - Non-current liabilities totaled 23,048,333.34, down from 26,890,462.03[38]. - Total equity attributable to shareholders reached ¥1,343,253,667.98, an increase from ¥1,233,737,878.25[24]. - The company reported a total of 403,487,644.12 in undistributed profits[38]. Cash Flow - The company reported a net cash flow from operating activities of -¥8,117,912.05, a 90.50% decrease compared to the same period last year[4]. - The net cash flow from operating activities increased significantly, showing a 90.50% improvement compared to the previous year, attributed to a substantial increase in cash receipts[12]. - Operating cash inflow for the current period reached ¥447,259,653.65, an increase from ¥315,176,269.02 in the previous period, representing a growth of approximately 42%[30]. - Net cash outflow from operating activities was ¥8,117,912.05, significantly improved from a net outflow of ¥85,421,762.60 in the previous period[32]. - Cash flow from financing activities resulted in a net outflow of ¥88,192,592.28, contrasting with a net inflow of ¥446,270,168.85 in the previous period[32]. - The ending cash and cash equivalents balance decreased by 40.73% from the previous year, resulting from increased investment in construction projects and loan repayments[15]. - The ending cash and cash equivalents balance decreased to ¥430,773,235.08 from ¥726,772,139.98, reflecting a decline of approximately 41%[32]. Investments and Expenditures - The company's construction in progress increased by 38,440.39% to ¥54,611,362.45, indicating significant investment in growth projects[10]. - The total cash outflow from investing activities was ¥310,409,624.81, compared to ¥9,652,200.83 in the previous period, indicating a substantial increase in investment expenditures[32]. - Cash received from other investment activities amounted to ¥170,000,000.00, marking a significant inflow compared to the previous period[32]. - Cash paid for purchasing goods and services was ¥272,337,302.02, up from ¥218,229,452.12, indicating a rise of about 25%[30]. - Cash paid to employees increased to ¥102,759,600.30 from ¥84,704,732.66, representing a growth of approximately 21%[30]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 26,257, with the largest shareholder, Aerospace Power Technology Research Institute, holding 32.65%[16]. Other Financial Metrics - The weighted average return on equity was 2.06%, an increase of 0.46% year-on-year[4]. - Research and development expenses for the period were ¥26,948,859.95, slightly down from ¥29,874,400.75 in the previous period[25]. - The company reported a financial income of ¥901,255.00, compared to ¥2,604,680.46 in the previous period[25]. - Deferred income increased to ¥8,236,833.33 from ¥7,848,333.34 in the previous period[24]. - Accounts receivable increased to approximately ¥422.34 million, up from ¥296.33 million, indicating a growth of 42.52% year-over-year[20]. - Inventory rose to approximately ¥248.53 million, compared to ¥202.12 million in the previous year, reflecting a 22.93% increase[20]. - Non-current assets totaled approximately ¥549.82 million, up from ¥459.67 million, marking a 19.63% increase year-over-year[20]. Audit Status - The company has not audited its third-quarter report[38].

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]