Financial Performance - The company's operating revenue for the first half of 2022 was ¥798,621,649.87, representing an increase of 18.38% compared to ¥674,622,382.00 in the same period last year[26]. - The net profit attributable to shareholders was ¥106,231,601.29, which is a 30.32% increase from ¥81,515,143.11 year-on-year[26]. - The basic earnings per share rose to ¥0.2871, reflecting a growth of 20.73% compared to ¥0.2378 in the previous year[26]. - The company's main business revenue reached 755.77 million yuan, a year-on-year increase of 22.82%[48]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion CNY for the first half of 2022, representing a year-on-year growth of 20%[125]. - The company reported a revenue of 1.2 billion RMB for the first half of 2022, representing a year-over-year growth of 15%[199]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,901,871,494.75, marking a 3.46% increase from ¥3,771,306,061.50 at the end of the previous year[26]. - The net assets attributable to shareholders increased by 7.39% to ¥1,840,069,094.08 from ¥1,713,444,454.91[26]. - The company's inventory increased to ¥398,024,510.90, up from ¥353,024,923.73, reflecting a 0.84% increase in proportion to total assets[68]. - The company's financial assets at the beginning of the period were valued at 1,006,436.90, with a fair value change loss of -448,538.02, resulting in an ending balance of 557,898.88[70]. - The company's total restricted assets amounted to 273,703,636.62, reflecting various collateral arrangements[74]. Cash Flow and Investments - The company reported a net cash flow from operating activities of ¥96,478,298.38, up 29.87% from ¥74,289,641.46 in the same period last year[26]. - The total investment during the reporting period was 141,684,507.41, a decrease of 37.62% compared to the previous year's investment of 227,129,463.63[75]. - The company has not encountered any significant changes in project feasibility or any unplanned changes in the use of raised funds[88]. Research and Development - Research and development expenses rose by 27.82% to ¥55,761,253.62 from ¥43,624,495.07 in the previous year[65]. - The company emphasizes continuous R&D investment and technological innovation, launching new products and services annually to meet market demands[56]. - The company is focusing on research and development of new technologies to improve operational efficiency and product quality[190]. Market and Competitive Position - The company has expanded its testing services into the integrated circuit third-party testing field through the acquisition of Shanghai Yite, enhancing its competitive advantage in the industry[40]. - The market for testing services is expected to grow rapidly, driven by increased R&D investment and higher product quality requirements in China[38]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its service capabilities[187]. Governance and Compliance - The company maintains a strong governance structure, ensuring the protection of shareholder rights and internal control systems[123]. - There were no significant legal disputes or arbitration cases affecting the company's operations during the reporting period[131]. - The company has not engaged in any related party transactions or non-operating fund occupation during the reporting period[127]. Employee and Shareholder Information - The company reported a 4.45% investor participation rate in the first extraordinary general meeting held on April 8, 2022, and a 36.66% participation rate in the annual general meeting held on April 28, 2022[108]. - The employee stock ownership plan has been fully executed and terminated, with all shares sold through centralized bidding, resulting in a 0.00% holding in the company’s total equity[110]. - The company has a total of 132,124,200 shares held by the largest shareholder, with 8,188,050 shares pledged[197]. Future Outlook - The company has set a future outlook with a revenue target of 3 billion CNY for the full year 2022, indicating a projected growth rate of 25%[125]. - The company plans to enter the European market by Q4 2022, aiming for a revenue contribution of 200 million RMB in the first year[199]. - The company plans to enhance its governance structure and internal control systems to improve management efficiency and speed, while also reviewing compensation levels to attract capable management[104].

Financial Performance - The company's operating revenue for Q1 2022 was ¥343,607,406.91, representing a 21.46% increase compared to ¥282,907,329.43 in the same period last year[3] - Net profit attributable to shareholders for Q1 2022 was ¥28,841,923.78, a significant increase of 79.84% from ¥16,037,802.14 year-on-year[3] - Basic earnings per share rose by 66.67% to ¥0.10, up from ¥0.06 in the previous year[3] - Net profit for the period was CNY 34,685,769.82, representing a 77.1% increase from CNY 19,594,531.39 in the same quarter last year[41] - The total comprehensive income for the period was 34,629,547.28, compared to 19,553,042.00 in the previous period, representing an increase of approximately 77.0%[45] - The net profit attributable to the parent company's shareholders was 28,785,701.24, up from 15,996,312.75, indicating a growth of about 79.3%[45] Cash Flow - The net cash flow from operating activities decreased by 703.40%, resulting in a negative cash flow of ¥90,947,943.86, primarily due to increased raw material purchases and employee compensation[6] - Cash inflows from operating activities totaled 328,297,365.71, a decrease from 342,767,238.80 in the previous period, representing a decline of approximately 4.3%[49] - The net cash flow from operating activities was -90,947,943.86, compared to a positive 15,072,682.41 in the previous period, indicating a significant decline[49] - Cash outflows from investing activities were 55,427,117.76, down from 149,633,424.57, showing a reduction of about 63.0%[49] - The net cash flow from financing activities was -47,208,263.43, compared to a positive 47,598,235.05 in the previous period, indicating a reversal in cash flow[52] - The ending cash and cash equivalents balance was 757,843,885.46, compared to 374,763,111.56 in the previous period, reflecting an increase of approximately 102.0%[52] - The company received cash from investments totaling 2,200,000.00, compared to 400,000.00 in the previous period, marking a significant increase of 450.0%[52] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,659,824,702.18, a decrease of 2.96% from ¥3,771,306,061.50 at the end of the previous year[3] - The company's total assets decreased slightly to CNY 3,659,824,702.18 from CNY 3,771,306,061.50, a decline of 2.9%[37] - Total liabilities decreased to CNY 1,770,293,722.77 from CNY 1,922,040,675.99, a reduction of 7.9%[37] - The company's long-term equity investments decreased from RMB 12,908,890.99 to RMB 12,476,627.17, a decline of approximately 3.4%[31] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 9,030[7] - The largest shareholder, Suzhou Testing Instrument General Factory, held 35.71% of the shares, amounting to 101,634,000 shares[10] - The total number of shares held by the top 10 shareholders is 2,612,004 for Agricultural Bank of China and 2,545,407 for Bank of Communications[13] - The company has a total of 3,000,000 shares held by shareholder Yu Zhen through a credit trading account[13] Research and Development - Research and development expenses increased by 54.35%, reflecting higher investment in R&D projects[6] - Research and development expenses increased to CNY 27,593,360.34, compared to CNY 17,877,672.46, marking a rise of 54.5%[41] Stock and Shares - The company issued 20,840,569 shares at a price of RMB 28.79 per share, raising a total of RMB 599,999,981.51, with a net amount of RMB 580,501,360.73 after deducting issuance costs[27] - The total number of shares for the employee stock ownership plan is capped at 2,957,014 shares, with participation limited to no more than 300 individuals[27] - The company plans to expand its employee stock ownership plan, which was approved by the board and shareholders[27] Taxation - The company reported a 102.65% increase in taxes and surcharges, mainly due to higher property tax and additional taxes calculated based on value-added tax[6] Inventory and Receivables - Accounts receivable increased from RMB 574,865,610.76 to RMB 594,577,967.77, indicating a growth of approximately 3.9%[31] - Inventory rose from RMB 353,024,923.73 to RMB 396,547,507.40, reflecting an increase of about 12.3%[31]

Financial Performance - The company's operating revenue for 2021 was ¥1,501,641,337.46, representing a 26.74% increase compared to ¥1,184,844,311.63 in 2020[28]. - The net profit attributable to shareholders for 2021 was ¥190,030,913.05, a 53.98% increase from ¥123,411,572.68 in 2020[28]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥168,620,203.74, up 66.64% from ¥101,186,768.09 in 2020[28]. - The company's total assets at the end of 2021 reached ¥3,771,306,061.50, a 46.22% increase from ¥2,579,225,253.96 at the end of 2020[28]. - The basic earnings per share for 2021 was ¥0.72, reflecting a 53.19% increase from ¥0.47 in 2020[28]. - The weighted average return on equity for 2021 was 17.90%, up from 13.31% in 2020[28]. - The net cash flow from operating activities for 2021 was ¥249,897,982.47, a slight increase of 0.63% compared to ¥248,324,163.36 in 2020[28]. - The company reported a total of ¥28,455,371.20 in government subsidies for 2021, down from ¥33,625,667.21 in 2020[35]. - The company's main business revenue reached 1,406.54 million CNY, a year-on-year increase of 32.18%[55]. - Revenue from testing equipment was 531.57 million CNY, up 23.45% year-on-year[55]. - Revenue from environmental and reliability testing services was 656.38 million CNY, growing by 41.69% year-on-year[55]. - Integrated circuit verification and analysis service revenue was 218.59 million CNY, an increase of 28.37% year-on-year[55]. - The company achieved a revenue of ¥1,501,641,337.46, representing a year-on-year growth of 26.74%[70]. - The net profit attributable to shareholders was ¥190,030,913.05, with a year-on-year increase of 53.98%[70]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥168,620,203.74, reflecting a growth of 66.64% year-on-year[70]. Corporate Governance - The company emphasizes the importance of accurate financial reporting and has taken legal responsibility for the report's content[5]. - The company has a comprehensive governance structure in place, as detailed in the corporate governance section of the report[9]. - The company has a dedicated board secretary and securities representative for investor relations[23]. - The company maintains independence in personnel, assets, finance, organization, and business, ensuring no overlap with controlling shareholders[151]. - The company has established an independent financial department and a standardized accounting system, conducting financial decisions autonomously[153]. - The board of directors consists of 5 members, with extensive experience in the industry, ensuring strong governance and strategic direction[167]. - The total pre-tax remuneration for the chairman and general manager, Zhong Qionghua, is 828,000 CNY[175]. - The total pre-tax remuneration for the vice general manager, Zhao Zhengtang, is 736,000 CNY[175]. - The total remuneration for the board of directors, supervisors, and senior management during the reporting period is 689,180 CNY[178]. - The company has timely paid the remuneration as per regulations[175]. - The board of directors held 12 meetings during the reporting period, with all members present at least once[183]. - The company has not faced any penalties from securities regulatory authorities in the past three years[174]. - All reasonable suggestions made by the directors were accepted by the company during the reporting period[185]. - The company did not have any dissenting opinions from the directors regarding company matters during the reporting period[184]. Research and Development - Research and development investment reached ¥116,840,163.52, accounting for 7.78% of revenue, with a year-on-year increase of 24.86%[70]. - The company has developed several industry-leading testing equipment, including a multi-degree-of-freedom vibration testing system and a comprehensive environmental testing system[58]. - The company has a strong technical reserve and continuous innovation capability, having developed a full range of electric vibration testing equipment[58]. - The company is actively involved in setting national and industry standards for testing equipment, contributing to the overall development of the environmental testing industry in China[56]. - The company is developing a 60-ton electric vibration testing system aimed at large-scale reliability testing for industries such as aerospace and automotive[90]. - A digital hydraulic testing system prototype is in the debugging phase, intended to innovate the product structure for future series production[90]. - The company has approved the financial reports for Q1 and Q3 of 2021, indicating ongoing financial oversight[192]. - The company has implemented a comprehensive salary, performance, and incentive mechanism to enhance employee motivation[199]. - The training plan focuses on innovation management for management positions and new technology development for engineering and R&D personnel[200]. Market and Industry Position - The company operates in the high-end equipment manufacturing sector, particularly in environmental and reliability testing equipment, which has a high entry barrier due to its technology-intensive nature[41]. - The market for high-end testing equipment remains less competitive with higher profit margins, while the low-end product market faces stable profit margins due to increased demand and competition[41]. - The environmental and reliability testing service industry is a crucial part of modern high-tech services, significantly impacting product performance and reliability[44]. - The domestic third-party integrated circuit testing industry faces high technical and capital requirements, with a growing demand for testing capacity due to the expansion of the integrated circuit industry[45]. - The company entered the third-party integrated circuit testing service field by acquiring Shanghai Yite in 2019, enhancing its competitive advantage in the integrated circuit testing sector[48]. - The company provides comprehensive environmental and reliability testing services, ensuring product adaptability and reliability throughout the entire lifecycle[50]. - The integrated circuit verification and analysis services cover the entire industry chain, from design to mass production, offering a wide range of engineering technical services[53]. - National policies are supporting the integrated circuit testing industry, creating a favorable environment for growth and driving the semiconductor testing market[47]. - The market for environmental and reliability testing is rapidly growing, driven by increased R&D investment and rising quality demands in various sectors[43]. - The company aims to establish a high-quality testing system by 2025, fostering the development of influential testing brands and groups[44]. - The company has established a strong customer base with thousands of high-quality clients across various sectors, including aerospace, automotive, and electronics[68]. - The company is recognized as a "little giant" enterprise by the Ministry of Industry and Information Technology, focusing on innovation and quality control[55]. - The company plans to enhance its testing capabilities for automotive electronics and improve testing capacity for automotive-grade chips, aiming for collaborative growth with the group’s environmental testing business[137]. - The company anticipates challenges from macroeconomic fluctuations, particularly affecting industries like integrated circuits and aerospace, which are closely tied to national economic policies[140]. Risks and Challenges - The company has outlined potential risks and countermeasures in its future development outlook section[5]. - The company faces risks from rising raw material costs, which significantly impact equipment sales if not managed effectively[141]. - Increased competition in the environmental and reliability testing market may lead to a decline in market share and revenue if competitors innovate or engage in price competition[141]. - Management risks are rising due to the company's rapid expansion and increasing complexity in organizational structure, necessitating improved management capabilities[142]. - There is a risk that the economic benefits of funded investment projects may not meet expectations due to market uncertainties and potential project delays[143]. - The company is committed to accelerating the construction of funded projects and enhancing market promotion efforts to align with national policies and market demands[143]. Investment and Financial Management - The company issued 20,840,569 shares at a price of RMB 28.79 per share, raising a total of RMB 600 million, with a net amount of RMB 581 million after expenses[73]. - The company has a remaining balance of ¥52,872 million in unused raised funds, which are stored in a dedicated account[113]. - The company reported a cumulative use of raised funds amounting to ¥56,696 million[113]. - The company utilized 100 million yuan of raised funds to repay loans, with a remaining balance of 480.9999 million yuan in the special account for raised funds[117]. - The total committed investment for the temperature and humidity environmental testing box renovation and expansion project is 54.86 million yuan, with 27.6% of the investment completed during the reporting period[119]. - The laboratory network expansion project has a total committed investment of 219.08 million yuan, with 5.808 million yuan invested in the reporting period, achieving 79% of the investment progress[119]. - The company has not encountered significant changes in the feasibility of its projects, maintaining a consistent outlook[122]. - The company plans to continue its investment strategy without major adjustments, focusing on the completion of existing projects[122]. Employee and Organizational Structure - The total number of employees at the end of the reporting period is 1,912, with 363 in the parent company and 1,549 in major subsidiaries[196]. - The professional composition includes 946 technical personnel, 322 production personnel, and 209 sales personnel[197]. - The educational background shows 100 employees with a master's degree or above, 714 with a bachelor's degree, and 707 with a college diploma[198]. - The company has established a performance assessment policy for management and a wide salary policy for professionals[199]. - The company emphasizes a systematic training mechanism to ensure effective training outcomes[200].

Revenue and Profitability - Revenue for Q3 2021 reached ¥382,060,610.28, an increase of 22.48% year-over-year, while total revenue for the year-to-date was ¥1,056,682,992.28, up 29.45% compared to the same period last year[3] - Net profit attributable to shareholders for Q3 2021 was ¥49,946,431.93, representing a 79.02% increase year-over-year, with year-to-date net profit at ¥131,461,575.04, up 70.54%[3] - The basic earnings per share for Q3 2021 was ¥0.1894, a 79.53% increase compared to the same period last year, while year-to-date earnings per share was ¥0.4985, up 70.95%[3] - Total operating revenue for the current period reached ¥1,056,682,992.28, a 29.4% increase from ¥816,283,512.70 in the previous period[26] - Net profit for the current period was ¥151,279,298.81, compared to ¥86,490,114.47 in the previous period, indicating a growth of 74.8%[29] - The company reported a total comprehensive income of ¥151,157,744.68, compared to ¥86,490,114.47 in the previous period, indicating overall financial improvement[38] Assets and Liabilities - Total assets as of the end of Q3 2021 amounted to ¥3,073,635,604.40, reflecting a 19.17% increase from the end of the previous year[3] - The total assets of Suzhou Su Test Group Co., Ltd. reached RMB 3,073,635,604.40, an increase from RMB 2,579,225,253.96 at the end of 2020, representing a growth of approximately 19.2%[18] - The total liabilities increased to RMB 1,242,432,377.45 from RMB 1,033,811,149.14, indicating a growth of approximately 20.1%[21] - Total liabilities increased to ¥1,881,252,902.82 from ¥1,444,136,587.10, indicating a rise in financial obligations[24] - Total equity rose to ¥1,192,382,701.58 from ¥1,135,088,666.86, reflecting a healthy growth in shareholder value[24] - The company’s total equity attributable to shareholders was ¥1,070,239,699.96, a 4.71% increase from the end of the previous year[5] Cash Flow - Cash flow from operating activities for the year-to-date increased by 134.30%, attributed to improved collection of sales receivables[9] - Cash flow from operating activities was ¥1,119,834,343.88, compared to ¥797,619,251.26 in the previous period, showing a strong cash generation capability[41] - Operating cash inflow totaled CNY 1,149,669,865.34, an increase from CNY 827,222,544.72 year-over-year[44] - Net cash flow from operating activities was CNY 75,960,781.00, up from CNY 32,419,966.90 year-over-year[44] - Cash outflow from investing activities was CNY 324,497,193.80, a decrease from CNY 413,867,186.93 in the previous year[47] - Net cash flow from investing activities was -CNY 188,478,770.27, improving from -CNY 412,417,438.11 year-over-year[47] Research and Development - Research and development expenses increased by 40.53% year-over-year due to higher investment in R&D projects[9] - Research and development expenses for the current period were ¥74,200,893.12, up from ¥52,802,262.72, highlighting the company's commitment to innovation[29] Investments - Long-term equity investments grew by 174.79% compared to the beginning of the year, primarily due to increased investment in a subsidiary[6] - The company reported a significant increase in long-term equity investments, rising to RMB 13,464,772.95 from RMB 4,900,000.00, a growth of approximately 174.4%[18] Other Financial Metrics - The company reported a 63.89% increase in income tax expenses, driven by higher taxable income resulting from increased revenue[9] - The company’s cash and cash equivalents decreased to RMB 368,519,324.20 from RMB 424,411,861.79, a decline of about 13.2% year-over-year[18] - Accounts receivable increased significantly to RMB 604,775,846.38 from RMB 462,475,076.69, marking a rise of approximately 30.7%[18] - Inventory levels rose to RMB 354,980,988.32, up from RMB 282,230,789.21, reflecting an increase of around 25.7%[18] - The company has a deferred income tax liability of approximately 9.12 million, reflecting future tax obligations[54] Financing Activities - The company issued 3.1 million convertible bonds with a total value of RMB 31,000,000, which were approved by the China Securities Regulatory Commission[15] - The adjusted conversion price for the convertible bonds was set at RMB 18.28 per share, down from the previous price of RMB 23.86[17] - The company is actively promoting the issuance of shares to specific investors, following approval from the Shenzhen Stock Exchange[15]

Business Expansion and Strategy - The company reported a significant expansion in its testing services, with a focus on integrated circuits, aerospace, electronics, petrochemicals, rail transportation, automotive manufacturing, and special industries, which are closely tied to national strategic industries[7] - The company has established subsidiaries in major cities including Suzhou, Beijing, Chongqing, Guangzhou, and Shanghai, leading to an increase in total employees and a more complex organizational structure[11] - The company plans to enhance its management capabilities and attract high-quality management talent to mitigate the increasing management risks associated with its expanding business scale[11] - The company is closely monitoring macroeconomic conditions and is prepared to adjust its strategies in response to potential economic fluctuations[7] - The company emphasizes the importance of a one-stop service system to meet diverse customer needs and expand its market share[10] - The company acknowledges the intensifying competition in the testing services market and is focused on maintaining its market position through innovation and service diversification[10] Financial Performance - The company's operating revenue for the reporting period was ¥674,622,382, representing a 33.76% increase compared to ¥504,348,349 from the same period last year[38] - The net profit attributable to shareholders was ¥81,515,143, marking a 65.73% increase from ¥49,186,704 in the previous year[38] - The net cash flow from operating activities was ¥71,453,450, a significant improvement of 582.65% compared to a negative cash flow of ¥14,804,382 in the same period last year[38] - The basic earnings per share increased by 66.09% to ¥0.3091 from ¥0.1861 year-on-year[38] - The total assets at the end of the reporting period were ¥2,992,207,844.85, reflecting a 16.01% increase from ¥2,579,225,253.96 at the end of the previous year[38] - The weighted average return on equity increased to 8.00%, up from 5.65% in the previous year, indicating improved profitability[38] Research and Development - The company is committed to continuous technological innovation and has been actively involved in research on advanced testing technologies to improve its overall competitiveness[10] - The company continues to focus on the development and production of environmental testing equipment, which is crucial for assessing the reliability of industrial products[47] - The company has established a strong technical team with rich theoretical knowledge and practical experience, enhancing its research and development capabilities[64] - Research and development investment increased by 45.57% to ¥43,624,495.07, reflecting the company's commitment to enhancing its R&D projects[72] Market and Revenue Growth - Revenue from environmental and reliability testing services was 269.39 million CNY, growing by 57.96% year-on-year[56] - The company's main business revenue reached 615.35 million CNY, a year-on-year increase of 36.72%[56] - Integrated circuit verification and analysis service revenue amounted to 88.74 million CNY, with a year-on-year increase of 16.08%[56] - The gross profit margin for environmental and reliability testing services improved by 3.25% to 59.62%, with revenue growth of 57.96% year-on-year[75] Fundraising and Investments - The company has conducted thorough feasibility studies for its fundraising projects, although there are risks associated with achieving expected economic benefits due to market uncertainties[15] - The company is increasing its market promotion efforts for its fundraising projects to ensure successful implementation and market acceptance[15] - The total investment amount for the reporting period was ¥227.13 million, a decrease of 6.48% compared to ¥242.86 million in the same period last year[83] - The total amount of raised funds was ¥51.12 million, with ¥2.67 million invested during the reporting period and a cumulative investment of ¥43.28 million[86] Corporate Governance and Shareholder Matters - The company has not engaged in any significant related party transactions during the reporting period[140] - The company has not provided any external guarantees during the reporting period[126] - The company has not experienced any bankruptcy reorganization matters during the reporting period[128] - The company has not reported any penalties or rectification measures during the reporting period[134] - The company has not engaged in any asset or equity acquisitions or sales during the reporting period[136] Social Responsibility and Community Engagement - The company made a donation of 10,000 yuan to the Nanjing Disabled Persons Welfare Foundation for employment and entrepreneurship support for disabled individuals[121] Legal and Compliance - There were no major lawsuits or arbitration matters during the reporting period, ensuring no significant impact on normal operations[131] - The semi-annual financial report has not been audited[127]

Financial Performance - The company's operating revenue for Q1 2021 was ¥282,907,329.43, representing a 59.46% increase compared to ¥177,417,042.16 in the same period last year[8] - Net profit attributable to shareholders was ¥16,037,802.14, a significant recovery from a loss of ¥1,168,290.46 in the previous year[8] - Basic earnings per share increased to ¥0.08 from a loss of ¥0.01 per share in the previous year[8] - Net profit for the period was CNY 19,594,531.39, with net profit attributable to shareholders amounting to CNY 16,037,802.14, marking a turnaround from loss to profit compared to the same period last year[22] - The company reported a total comprehensive income of ¥19,553,042.00, contrasting with a comprehensive loss of ¥241,708.91 in the previous period[70] - The net profit for the first quarter of 2021 was CNY 4,324,957.99, compared to a net loss of CNY 2,558,607.68 in the same period last year, indicating a significant turnaround[74] Cash Flow - The net cash flow from operating activities improved to ¥15,072,682.41, compared to a negative cash flow of ¥61,395,534.00 in the same period last year[8] - Cash flow from operating activities improved from a negative CNY 61,395,534.00 to a positive CNY 15,072,682.41, driven by better sales collections[21] - The cash flow from operating activities generated a net cash inflow of CNY 15,072,682.41, compared to a net outflow of CNY 61,395,534.00 in the same quarter last year[82] - Net cash flow from operating activities was ¥8,814,873.17, recovering from a negative cash flow of -¥96,583,913.94 in the previous period[85] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,873,188,455.04, an increase of 11.40% from ¥2,579,225,253.96 at the end of the previous year[8] - The company reported a decrease in net assets attributable to shareholders to ¥990,647,061.86, down 3.07% from ¥1,022,060,443.61 at the end of the previous year[8] - Total liabilities reached CNY 1,773,248,756.26, up from CNY 1,444,136,587.10, marking a growth of around 22.8%[49] - Current liabilities rose to CNY 1,163,678,802.39 from CNY 1,033,811,149.14, reflecting an increase of approximately 12.6%[49] - Owner's equity decreased to CNY 1,099,939,698.78 from CNY 1,135,088,666.86, a decline of about 3.1%[52] Shareholder Information - The top shareholder, Suzhou Testing Instrument General Factory, holds 40.41% of the shares, totaling 82,180,000 shares[12] - The company did not engage in any repurchase transactions among the top ten shareholders during the reporting period[18] - The company repurchased a total of 2,124,927 shares, accounting for 1.04% of the total share capital, with a total transaction amount of CNY 49,061,852.26[26] Government Support and Investments - The company received government subsidies amounting to ¥2,454,418.29 during the reporting period[11] - Total funds raised amounted to CNY 51,123 million, with no changes in usage reported[31] - CNY 1,024.53 million has been invested in committed projects, with a cumulative investment of CNY 41,635.07 million[31] Operational Highlights - The sales of testing equipment and services significantly contributed to revenue growth, with new product orders in the comprehensive category reaching 70% of last year's total orders[22] - The integrated circuit verification and analysis segment (Shanghai Yite) saw a revenue increase of 28% and a net profit increase of 553% year-on-year[22] - Research and development expenses for the current period were ¥17,877,672.46, up from ¥13,800,887.71, marking an increase of approximately 29.8%[64] Project Updates - The humidity and temperature environmental test box project has been delayed due to lengthy procedures and COVID-19 impacts, with the expected usable status date adjusted to March 31, 2021[34] - The company has adjusted the implementation subject of the humidity and temperature environmental test box project to its wholly-owned subsidiary, maintaining investment amounts and project content[36] Financial Reporting and Compliance - The first quarter report was not audited, which may affect the reliability of the financial data presented[92] - The company has no violations regarding external guarantees during the reporting period[37] - There are no non-operating fund occupations by controlling shareholders or related parties during the reporting period[38]

Financial Performance - The company reported significant growth in revenue, with a year-on-year increase of 15% in 2020, reaching a total revenue of 1.2 billion RMB[25]. - The company's operating revenue for 2020 was approximately ¥1.18 billion, representing a 50.34% increase compared to ¥788 million in 2019[32]. - The net profit attributable to shareholders for 2020 was approximately ¥123 million, a 41.37% increase from ¥87 million in 2019[32]. - The net cash flow from operating activities reached approximately ¥248 million, showing a significant increase of 199.59% compared to ¥82 million in 2019[32]. - The basic earnings per share for 2020 was ¥0.61, up 41.86% from ¥0.43 in 2019[32]. - The company's net assets attributable to shareholders increased by 21.01% to approximately ¥1.02 billion from ¥845 million in 2019[32]. - The company achieved a revenue of ¥1,184,844,311.63, representing a year-on-year growth of 50.34%[51]. - The net profit attributable to ordinary shareholders was ¥123,411,572.68, an increase of 41.37% compared to the previous year[51]. - Revenue from environmental reliability testing services reached ¥463,251,666.28, marking a 26.51% increase[51]. - The company reported a quarterly revenue of approximately ¥368 million in Q4 2020, contributing to a total annual revenue growth[35]. Investment and Development - The company has allocated 200 million RMB for new product development and technological advancements in the upcoming fiscal year[15]. - The company plans to continue expanding its market presence and invest in new product development to sustain growth in the coming years[32]. - The company completed the development and production of key new products including a 120-ton large thrust vibration testing system and a new generation power amplifier during the reporting period[72]. - The company’s R&D investment reached 93,576,980.46 yuan, accounting for 7.90% of the total revenue, with a significant increase of 73.12% compared to the previous year[94]. - The company is focusing on integrating manufacturing and service capabilities to drive growth amid challenging economic conditions[50]. Market Expansion - The company plans to expand its market presence by establishing new subsidiaries in major cities, including Beijing and Guangzhou, to enhance service accessibility[11]. - The company is expanding its market presence in the automotive electronics sector through resource integration and cost optimization[50]. - The company is actively pursuing mergers and acquisitions to integrate high-quality projects and new business areas, leveraging its advantages in capital, technology, and brand[133]. - The company is focused on expanding its testing service network and improving production capacity through ongoing project developments[75]. Risk Management - The company is actively monitoring macroeconomic conditions to mitigate risks associated with funding and project implementation[15]. - The company is committed to improving its internal control systems to better manage operational risks associated with its growing scale[14]. - Competitive pressures are expected to intensify, with the company focusing on technological innovation to maintain market share[10]. Shareholder Returns - A cash dividend of 1.5 RMB per 10 shares will be distributed to shareholders, reflecting the company's commitment to returning value to investors[16]. - The total cash dividend amount for the year was RMB 30,506,108.85, representing 100% of the total distributable profit[140]. - The company plans to distribute a cash dividend of RMB 1.50 per 10 shares (including tax) based on a total share capital of 203,374,059 shares, amounting to a total cash distribution of RMB 30,506,108.85[143]. - The net profit attributable to shareholders for 2020 was RMB 123,411,572.68, with a cash dividend payout ratio of 24.72%[151]. Technological Innovation - The company emphasizes technological innovation and aims to establish a leading position in testing technology through strategic research and development initiatives[132]. - The company has a comprehensive and sufficient technical reserve and continuous innovation capability, having developed a full range of electric vibration testing equipment with thrusts from 98N to 392kN[57]. - The company has accumulated a total of 339 valid patents, including 69 invention patents, enhancing its competitive advantage in the market[73]. Regulatory Compliance - The company has received multiple certifications including ISO9001:2015 and CNAS, ensuring quality management and laboratory recognition[68]. - The company’s profit distribution plan complies with relevant regulations and aims to provide reasonable returns to investors while ensuring long-term development[144]. - The company guarantees that any share reduction will not occur below the initial public offering price or the latest net asset value per share after the lock-up period[157]. Employee Engagement - The company has implemented an employee stock ownership plan, with a total of 3,134,068 shares allocated to eligible employees, enhancing employee engagement and company governance[183]. - The first batch of shares from the employee stock ownership plan had its lock-up period expire on November 7, 2020[186].

Financial Performance - Operating revenue for the period reached CNY 311,935,163.41, a 79.88% increase year-on-year[8] - Net profit attributable to shareholders was CNY 27,899,649.19, up 43.77% compared to the same period last year[8] - Basic earnings per share rose by 35.71% to CNY 0.1372[8] - Total revenue for the current period is ¥152,226,322.16, which is a significant increase from ¥95,521,677.76 in the previous period, marking a growth of around 59.5%[59] - The net profit attributable to the parent company is ¥27,899,649.19, up from ¥19,405,995.24, reflecting a growth of about 43.5%[59] - The total profit for the current period was ¥101,252,928.85, compared to ¥71,148,171.01 in the previous period, showing strong growth[74] Asset and Equity Changes - Total assets increased by 6.44% to CNY 2,401,615,617.30 compared to the end of the previous year[8] - Net assets attributable to shareholders increased by 17.49% to CNY 992,329,434.81 compared to the end of the previous year[8] - The total equity attributable to the owners of the parent company rose to ¥818,390,399.17, compared to ¥697,429,780.93 in the previous year, marking an increase of around 17.3%[49] - The total equity attributable to shareholders was CNY 844,627,599.45, with minority interests of CNY 93,967,699.18, leading to total equity of CNY 938,595,298.63[104] Cash Flow and Investments - Net cash flow from operating activities increased by 34.31% to CNY 47,224,349.26[8] - The company reported a significant increase in cash flow from operating activities, up 173.32% year-to-date[8] - Cash inflow from operating activities totaled CNY 827,222,544.72, compared to CNY 410,182,023.74 in the previous period, representing a 101.0% increase[84] - Cash outflow from investing activities amounted to CNY 413,867,186.93, compared to CNY 205,303,384.26 in the previous period, indicating a 101.0% increase in investment spending[86] - Cash inflow from financing activities reached CNY 867,662,487.43, up from CNY 394,079,655.18, marking a 120.5% increase[86] Liabilities and Financial Expenses - The company's total liabilities increased to ¥1,174,061,155.56 from ¥1,090,134,850.60, reflecting a rise of approximately 7.7%[49] - Long-term borrowings increased by 318.38% compared to the beginning of the period, primarily due to acquisition loans[24] - Financial expenses increased by 147.62% year-on-year, mainly due to increased interest from financing activities[24] Research and Development - Research and development expenses increased by 58.56% year-on-year, reflecting ongoing investment in innovation[24] - Research and development expenses for the quarter were ¥22,833,552.52, up from ¥12,896,495.57, representing an increase of about 77%[53] - Research and development expenses have risen to ¥9,705,897.58 from ¥4,613,053.96, showing an increase of approximately 110.0%[59] - Research and development expenses increased to ¥17,167,578.95 from ¥14,308,337.64, reflecting a focus on innovation[78] Shareholder Information - The top ten shareholders hold a combined 42.34% of the shares, with the largest shareholder owning 86,100,000 shares[12] - The company issued convertible bonds amounting to 231,522,736.61 yuan during the reporting period[24] Operational Efficiency - Operating costs increased by 78.88% year-on-year, consistent with revenue growth[24] - The company's total operating costs for the current period are ¥729,496,987.86, compared to ¥422,992,351.89 in the previous period, indicating an increase of approximately 72.3%[67] - The net profit margin improved significantly, with total operating costs rising to ¥281,720,573.55 from ¥150,510,954.85, reflecting a more efficient cost management strategy[53] Compliance and Adjustments - The company adjusted its financial statements to comply with the new revenue recognition standards, reclassifying "prepayments" to "contract liabilities"[104] - The implementation of new revenue recognition standards began on January 1, 2020, affecting the presentation of contract liabilities[114]

Financial Performance - The company reported significant growth in revenue, with a year-on-year increase of 15% in the first half of 2020[24]. - The company's operating revenue for the reporting period was ¥504,348,349.29, representing a 58.00% increase compared to ¥319,202,788.46 in the same period last year[32]. - The net profit attributable to shareholders was ¥49,186,704.07, up 40.45% from ¥35,020,187.86 year-on-year[32]. - The net profit after deducting non-recurring gains and losses was ¥41,060,750.64, reflecting a 32.36% increase from ¥31,022,339.06 in the previous year[32]. - Basic and diluted earnings per share increased to ¥0.24, a rise of 41.18% compared to ¥0.17 in the previous year[32]. - The company achieved operating revenue of ¥504,348,349.29, a year-on-year increase of 58.00%[48]. - Net profit attributable to ordinary shareholders was ¥49,186,704.07, reflecting a year-on-year growth of 40.45%[48]. - Revenue from testing equipment reached ¥203,098,742.54, up 23.15% year-on-year, while testing services revenue surged by 69.52% to ¥246,984,204.20[48]. - The company’s other business revenue skyrocketed by 531.79% to ¥54,265,402.55[48]. - The company reported a net cash flow from operating activities of -¥14,804,382.36, an improvement of 81.35% compared to the previous year[85]. - The company’s financial expenses surged by 202.38% to ¥17,055,965.30, primarily due to increased financing costs[85]. - The company’s cash and cash equivalents decreased by ¥91,016,074.79, a 38.44% improvement compared to the previous year[85]. - The company’s total assets include ¥349,609,305.01 in cash, accounting for 14.80% of total assets, up from 14.42% year-on-year[89]. - The company reported a total share capital of 203,366,290 shares after the profit distribution and capital increase, with a cash dividend of RMB 1.50 per 10 shares distributed, totaling RMB 20,336,629.05[163]. - The basic earnings per share increased to RMB 0.36 for the first half of 2020, compared to RMB 0.24 in the same period of 2019, reflecting a growth of 50%[166]. - The diluted earnings per share also rose to RMB 0.36 in the first half of 2020, up from RMB 0.24 in the previous year, indicating a similar growth trajectory[166]. - The net asset value per share attributable to ordinary shareholders was RMB 6.29 as of June 30, 2020, compared to RMB 4.15 at the end of 2019, representing a significant increase of 51.5%[166]. Investment and Projects - The company plans to accelerate the construction of fundraising investment projects to improve efficiency and minimize the impact of the COVID-19 pandemic[12]. - The total investment amount for the reporting period was ¥242,855,635.02, a significant increase of 661.37% compared to ¥31,897,194.14 in the same period last year[94]. - The company utilized ¥13,410,000 of the raised funds during the reporting period, with a remaining balance of ¥14,642,000[96]. - The "Temperature and Humidity Environmental Test Chamber Renovation and Expansion Project" has achieved an investment progress of 82.00% as of June 30, 2020, with a total investment of ¥4,521,000[97]. - The "Laboratory Network Renovation Project" has reached an investment progress of 98.00%, with a total investment of ¥15,121,000[104]. - The company has not made any changes to the investment projects funded by raised capital during the reporting period[108]. - The impact of the COVID-19 pandemic and weather factors has slowed the construction progress of the "Temperature and Humidity Environmental Test Chamber Renovation and Expansion Project"[100]. Research and Development - The company is committed to technological innovation and has invested in research to improve testing methods and capabilities[11]. - The company established the "Jiangsu Province Vibration Testing Equipment Engineering Technology Research Center" to promote R&D and manufacturing of vibration testing equipment[54]. - The company continues to innovate, having developed a series of advanced testing equipment, including the largest multi-degree-of-freedom vibration testing system in China[55]. - The company actively engages in customized testing equipment manufacturing based on customer needs, driving continuous growth through product innovation[59]. - The company’s R&D investment increased to ¥29,968,710.20, a 46.88% rise from the previous year[85]. - The company has received numerous accolades, including being recognized as a "National Intellectual Property Advantage Enterprise" in 2017 and a "Specialized, Refined, Characteristic, and Innovative 'Little Giant'" enterprise by the Ministry of Industry and Information Technology[63]. Market Strategy and Customer Engagement - The company aims to enhance its market share by expanding service offerings and developing a one-stop service system to meet diverse customer needs[11]. - The company is focused on proactive market promotion of its products and services to ensure that fundraising projects meet expected performance targets[15]. - The company has a solid customer base with thousands of clients across various sectors, including aerospace, automotive, and electronics, which supports its market position and service promotion[71]. - The company offers integrated solutions for environmental testing, covering all stages of product development, which creates significant business synergy[67][69]. - The independent third-party laboratories provide a competitive edge due to their impartiality and high credibility, addressing the growing demand for environmental and reliability testing services in China[66]. Financial Management and Governance - The company has not distributed cash dividends or bonus shares for this period, focusing on reinvestment[16]. - The company has not engaged in any entrusted financial management, derivative investments, or entrusted loans during the reporting period[109][110][111]. - The company has no overdue commitments from actual controllers, shareholders, related parties, acquirers, or other parties as of the end of the reporting period[122]. - The company has resolved all outstanding litigation matters during the reporting period[129]. - The company has no non-standard audit reports for the current or previous year[126]. - The company has not reported any significant new strategies or major events during the reporting period, indicating stability in operations[157]. Legal Matters - The company has pending litigation for overdue payments totaling RMB 456,000, with a stipulated penalty of RMB 22,800 for late payment[136]. - The company has initiated legal proceedings against a defendant for unpaid testing fees amounting to RMB 151.77 million, with additional claims for overdue penalties[136]. - The company has successfully mediated several disputes, resulting in payments of RMB 228,000 and RMB 15,500 from defendants[136]. - The company successfully settled all litigation cases, including a case involving a payment of 104,000 RMB and overdue interest of 18,387.78 RMB[132]. - There were no major litigation or arbitration matters during the reporting period[127]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 11,321[172]. - The largest shareholder, Suzhou Experimental Instrument General Factory, holds 42.34% of shares, totaling 86,100,000 shares[172]. - The second-largest shareholder, ICBC-Hongde Vision Mixed Securities Investment Fund, holds 4.50% of shares, totaling 9,160,788 shares[172]. - The total number of shares held by domestic legal persons was 48,000,000, accounting for 35.40% of the total shares before the changes[163]. - The company’s shareholding structure shows that 99.26% of shares are unrestricted, indicating a high level of market accessibility for investors[163]. - The total number of shares held by directors and senior management at the end of the period was 2,010,000 shares[196]. - The company does not have any preferred shares or convertible bonds during the reporting period[187][191]. - The number of shareholders holding more than 5% of shares is 10[172]. - The company did not experience any changes in its controlling shareholder during the reporting period[183]. - There were no repurchase agreements among the top 10 shareholders during the reporting period[182].

Financial Performance - Total revenue for Q1 2020 was ¥177,417,042.16, representing a 37.09% increase compared to ¥129,419,838.05 in the same period last year[8] - Net profit attributable to shareholders was -¥1,168,290.46, a decrease of 134.20% from ¥3,415,837.37 in the previous year[8] - Basic earnings per share were -¥0.01, down 133.33% from ¥0.03 in the previous year[8] - The company reported a significant decline in net profit after deducting non-recurring gains and losses, which was -¥6,303,851.27, a decrease of 460.05% from ¥1,750,808.29 in the previous year[8] - The weighted average return on net assets was -0.14%, down from 0.44% in the previous year[8] - The company reported a net profit margin improvement, with net profit for the quarter reflecting a positive trend compared to the previous year[63] - Net profit for the period was CNY -241,708.91, down from CNY 1,486,120.35 in the previous period[70] - The company recorded a net loss attributable to shareholders of CNY -1,168,290.46, compared to a profit of CNY 3,415,837.37 last year[70] Cash Flow and Liquidity - Net cash flow from operating activities was -¥61,395,534.00, showing an improvement of 19.18% compared to -¥75,969,800.79 in the same period last year[8] - Operating cash inflow for the current period was CNY 192,505,031.09, an increase of 75% compared to CNY 110,055,945.56 in the previous period[80] - Cash inflow from financing activities was CNY 313,506,487.43, significantly higher than CNY 30,030,132.00 in the previous period[83] - Cash and cash equivalents at the end of the period totaled CNY 256,241,068.46, up from CNY 225,370,416.29 in the previous period[82] - Cash outflow from investing activities was CNY 258,313,379.55, compared to CNY 22,531,049.69 in the previous period[80] - Total cash and cash equivalents decreased by CNY 144,701,225.58 during the period, compared to a decrease of CNY 131,576,415.65 in the previous period[83] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,111,199,453.89, a decrease of 6.43% from ¥2,256,361,103.03 at the end of the previous year[8] - Total liabilities amounted to CNY 1,168,037,144.74, down from CNY 1,317,765,804.40, indicating a reduction of approximately 11.32%[51] - Long-term borrowings increased significantly to CNY 175,200,000.00 from CNY 40,704,236.53, marking an increase of approximately 329.56%[51] - Total non-current liabilities were CNY 191,572,677.84, a significant increase from CNY 57,553,447.84, indicating a growth of approximately 232.61%[51] Shareholder Information - Net assets attributable to shareholders were ¥848,282,855.99, a slight increase of 0.43% from ¥844,627,599.45 at the end of the previous year[8] - The total number of ordinary shareholders at the end of the reporting period was 9,162[12] Operational Highlights - Cash received from sales of goods and services increased by 84.48% year-on-year, reflecting the growth in sales scale[25] - Research and development expenses grew by 47.56% year-on-year, driven by an increase in R&D projects[24] - The company experienced a 202.91% increase in financial expenses year-on-year, attributed to the rise in loan scale and corresponding interest expenses[24] - The company plans to expand its market presence and invest in new product development to drive future growth[63] - The company is closely monitoring the impact of the COVID-19 pandemic on its business operations and is committed to its annual operational plan[28] Project Updates - The completion rate for the temperature and humidity environmental test box project is 67.00%, with an investment of 5,486 million yuan[34] - The laboratory network expansion project has a completion rate of 98.00%, with an investment of 15,415 million yuan[34] Risks and Challenges - The company faces risks related to macroeconomic conditions and the potential inability to meet expected returns from fundraising investment projects[29] - Management risks are increasing due to the expansion of business scale and the complexity of organizational structure, necessitating improvements in management capabilities[32]