Financial Performance - The company's operating revenue for 2018 was approximately RMB 631.99 million, representing a 42.26% increase compared to RMB 444.24 million in 2017 [27]. - The net profit attributable to shareholders for 2018 was approximately RMB 143.23 million, a 53.71% increase from RMB 93.19 million in 2017 [27]. - The net profit after deducting non-recurring gains and losses was approximately RMB 139.71 million, showing a significant increase of 104.55% compared to RMB 68.30 million in 2017 [27]. - The company's total assets at the end of 2018 reached approximately RMB 1.86 billion, a 75.26% increase from RMB 1.06 billion at the end of 2017 [27]. - The basic earnings per share for 2018 was RMB 0.71, up 54.35% from RMB 0.46 in 2017 [27]. - The weighted average return on net assets for 2018 was 16.29%, an increase of 4.10% compared to 12.19% in 2017 [27]. - The company's non-operating income for 2018 was approximately 3.53 billion, a significant decrease from 24.88 billion in 2017 [31]. - The company achieved a revenue of 632 million yuan, an increase of 42.26% year-on-year, and a net profit attributable to shareholders of 140 million yuan, up 104.55% year-on-year [54]. Dividend Policy - The company plans to distribute a cash dividend of 1.50 yuan per 10 shares (including tax) based on a total of 202,393,750 shares [16]. - The cash dividend represents 100% of the total profit distribution amount [113]. - The company has a policy to distribute at least 20% of the distributable profits as cash dividends if the profits are positive and no significant adverse changes occur [109]. - The company's distributable profits for the year amount to RMB 322,991,972.16 [113]. - The cash dividend amount for 2018 was CNY 30,359,062.50, which accounted for 21.20% of the net profit attributable to ordinary shareholders [118]. Market Expansion and Strategy - The company is actively pursuing international market expansion, with a focus on enhancing management systems and talent acquisition to support this growth [14]. - The company is focusing on expanding its core sectors such as biomedicine, metals, and environmental chemistry while exploring innovative sectors to manage risks from changes in downstream application fields [7]. - The company is committed to developing its core business in adsorption separation technology while also innovating in new product development and market expansion [33]. - The company aims to enhance its international market presence by developing new products tailored to international market characteristics and leveraging its technical advantages [101]. - The company intends to stabilize and expand its domestic market while actively seeking new international customers in the lithium extraction sector [98]. Research and Development - The company invested 5.19% of its operating revenue in research and development during the reporting period, ensuring continuous innovation capabilities [47]. - The company has accumulated 30 invention patents and multiple proprietary technologies, enhancing its competitive edge in the adsorption separation technology field [46]. - The company is committed to continuous R&D innovation, expanding into new application areas to broaden its development space [57]. Operational Efficiency and Management - The company aims to enhance its cost management system to mitigate risks associated with raw material price fluctuations, which significantly impact production costs [6]. - The company is enhancing cost control measures in response to significant fluctuations in raw material prices, optimizing procurement and inventory management [59]. - The company is implementing a detailed project management process for major projects to ensure timely and quality completion, thereby supporting overall business development [15]. - The company has established a vibrant talent management system to ensure a skilled workforce is available to support rapid growth [59]. Environmental and Social Responsibility - The company has invested in environmental protection and safety measures, including upgrading equipment and enhancing management protocols to reduce risks associated with production [12]. - The company has obtained the Environmental Management System Certification, confirming compliance with GB/T 24001-2016/ISO 14001:2015 standards, covering various products and processes [166]. - The company has committed to social responsibility, focusing on economic, environmental, and social responsibilities, while enhancing transparency and communication with investors [164]. Shareholder Structure and Governance - The company has a total of 15 directors, supervisors, and senior management personnel [199]. - The total remuneration paid to the board of directors, supervisors, and senior management in 2018 amounted to 2.6454 million yuan [199]. - The company has established a remuneration and assessment committee to propose remuneration for directors and senior management [199]. - The company has committed to a stock repurchase plan, with a maximum repurchase price not exceeding 120% of the latest audited net asset per share [121]. Financial Management - The company has no outstanding entrusted loans during the reporting period, indicating a conservative financial strategy [161]. - The company has engaged in wealth management activities, with a total of 17.5 million CNY in entrusted financial products, including bank and brokerage products [158]. - The company reported management expenses of 60,767,727.48 CNY and R&D expenses of 26,301,199.50 CNY for the year [128].

Financial Performance - Net profit attributable to shareholders rose by 14.70% to CNY 26,609,618.66 for the reporting period[8] - Operating revenue for the period was CNY 130,292,663.53, reflecting a 3.96% increase year-on-year[8] - The net profit after deducting non-recurring gains and losses increased by 25.37% to CNY 26,315,089.30[8] - Basic earnings per share increased by 8.33% to CNY 0.13[8] - The company's equity attributable to shareholders rose to CNY 889,000,718.60 from CNY 812,231,461.96, an increase of about 9.5%[29] - The company's operating revenue for the third quarter reached CNY 124.43 million, an increase of 26.6% compared to CNY 98.28 million in the same period last year[39] - The net profit for the third quarter was CNY 26.11 million, up 12.4% from CNY 23.20 million year-over-year[37] - The total profit for the third quarter was CNY 34.96 million, representing a 25.5% increase from CNY 27.79 million in the same quarter last year[36] - The basic and diluted earnings per share for the third quarter were both CNY 0.13, an increase from CNY 0.12 in the same period last year[37] - The total comprehensive income for the third quarter was CNY 26.11 million, compared to CNY 23.20 million in the previous year, reflecting a growth of 12.4%[41] Asset and Liability Changes - Total assets increased by 61.69% to CNY 1,713,637,851.24 compared to the end of the previous year[8] - Current liabilities amounted to CNY 793,475,710.71, compared to CNY 228,750,815.29, showing a significant increase of approximately 247.5%[29] - Cash and cash equivalents increased by 134.04% to ¥648,606,573.32 compared to ¥277,133,091.18 at the beginning of the year, primarily due to significant orders and construction projects funded by bank loans[17] - Accounts receivable rose by 30.77% to ¥237,861,573.62, attributed to new sales revenue that has not yet been settled[17] - Inventory increased by 82.57% to ¥141,670,113.66, reflecting a substantial rise in finished goods, work in progress, and raw materials related to ongoing projects[17] - Long-term equity investments grew by 78.99% to ¥836,960.97, due to profits from associated companies[17] - Construction in progress rose by 192.04% to ¥288,635,296.64, reflecting increased investment in construction projects[17] Cash Flow Analysis - Cash flow from operating activities showed a significant decline of 73.24% to CNY 16,790,466.18[8] - The net cash flow from operating activities was -153,604,131.88 CNY, compared to 51,597,204.97 CNY in the previous period, indicating a significant decline in operational performance[52] - Cash inflow from operating activities totaled 594,975,401.58 CNY, while cash outflow was 748,579,533.46 CNY, resulting in a cash flow deficit from operations[52] - The net cash flow from financing activities was 113,711,835.76 CNY, compared to -1,054,039.76 CNY previously, showing improved financing conditions[53] - The company received 479,000,000.00 CNY in loans, a significant increase from 10,000,000.00 CNY in the previous period, indicating aggressive financing strategies[53] Investment and R&D - Research and development expenses increased by 31.60% to ¥24,535,694.43, indicating a rise in R&D investment[17] - Research and development expenses for the third quarter amounted to CNY 5.06 million, a decrease of 72.9% compared to CNY 18.64 million in the previous year[36] - The company reported a significant increase in investment income, reaching CNY 112.38 million compared to CNY 1.67 million in the previous year[36] Shareholder Information - The company reported a total of 17,598 common shareholders at the end of the reporting period[12] - The top shareholder, 寇晓康, holds 25.49% of the shares, totaling 51,600,000 shares[12] - The company did not engage in any repurchase transactions during the reporting period[13]

Financial Performance - Total revenue for the reporting period reached ¥287,654,496.20, representing a 39.67% increase compared to ¥205,950,458.47 in the same period last year[27]. - Net profit attributable to shareholders was ¥60,452,381.85, up 12.74% from ¥53,622,256.90 in the previous year[27]. - Net profit after deducting non-recurring gains and losses increased by 78.95%, reaching ¥58,797,691.51 compared to ¥32,856,344.62 in the same period last year[27]. - Operating cash flow net amount was ¥56,855,620.45, a 37.81% increase from ¥41,256,661.37 in the previous year[27]. - Basic earnings per share rose to ¥0.30, an increase of 11.11% from ¥0.27 in the same period last year[27]. - Total assets at the end of the reporting period were ¥1,636,376,800.69, a 54.40% increase from ¥1,059,855,286.30 at the end of the previous year[27]. - Net assets attributable to shareholders increased by 6.14%, reaching ¥862,138,939.06 compared to ¥812,231,461.96 at the end of the previous year[27]. - The company reported a significant decrease in investment amount, with a 69.69% drop from CNY 317.72 million in the previous year to CNY 96.31 million in the current period[65]. - The company reported a total income of 117,198,000 yuan from its main business operations[84]. Orders and Contracts - The company secured large orders for lithium extraction technology from Zangge Lithium and Jintai Lithium, with a total contract value exceeding 1 billion yuan[13]. - The company secured large orders for lithium carbonate projects from Zangge Lithium and Jintai Lithium, with a total contract value exceeding 1 billion[90]. - The company has established a strong project pipeline, including key projects with Tongwei Group and Zangge Lithium, which are progressing smoothly[51]. Cost Management and Efficiency - The company plans to enhance cost management and control measures to mitigate the impact of raw material price fluctuations, which significantly affect production costs[5]. - The company is committed to improving its production efficiency and capacity release to counteract the risks associated with increased asset depreciation[9]. - The company is enhancing its project management processes to ensure timely and quality completion of major contracts[14]. - The gross profit margin for the adsorption separation segment was 39.27%, a decrease of 2.09% compared to the previous year[59]. Research and Development - R&D investment accounted for 6.78% of operating revenue, ensuring continuous innovation and development[45]. - The company has over 30 invention patents and has made significant technological breakthroughs in various application fields, contributing to its industry leadership[44]. - The company is focusing on technological innovation in lithium extraction from salt lake brine and recycling of waste batteries[53]. - The company is actively promoting the application of adsorption separation technology in nickel, rhenium, and other metals, as well as in biopharmaceuticals and system integration[40]. Market Trends and Expansion - The electric vehicle market saw a production increase of 94.9% to 413,000 units and a sales increase of 111.5% to 412,000 units in the first half of 2018, driving demand for lithium extraction from salt lake brine[38]. - The biopharmaceutical sector is experiencing a notable growth in demand for raw materials, particularly antibiotics, with prices for human and veterinary antibiotics rising significantly due to tightened environmental regulations[39]. - The domestic market is shifting towards high-level production capacity, with increased concentration in the industry due to stringent environmental policies and the need for advanced manufacturing capabilities[41]. - The company is actively expanding its production capacity with new projects, including the high-tech materials industrial park[52]. Financial Strategy and Investments - The company has increased its short-term borrowings to alleviate funding pressures for major projects[61]. - The total amount of funds raised by the company is CNY 255.33 million, with CNY 27.97 million invested during the reporting period[71]. - Cumulative investment of raised funds reached CNY 207.61 million, with a remaining balance of CNY 56.25 million as of June 30, 2018[71]. - The company has pledged assets including land valued at CNY 59.86 million and USD deposits totaling USD 29 million to secure bank loans[64]. Shareholder Commitments and Governance - The controlling shareholders and actual controllers of the company have committed not to transfer or entrust the management of their shares for 36 months from the date of the company's stock listing, which started on June 1, 2015, and have strictly fulfilled this commitment[95]. - The company has committed to a stock repurchase plan, with a maximum repurchase price not exceeding 120% of the latest audited net asset per share, and the total amount for repurchase shall not exceed 10 million yuan[96]. - The company will terminate the stock repurchase plan if the stock price exceeds the audited net asset value for 20 consecutive trading days[96]. - The company has established a commitment to announce any reduction plans three trading days in advance[96]. Environmental and Social Responsibility - The company is investing in environmental protection and safety measures to address potential risks related to waste emissions and hazardous materials[11]. - The company actively participated in social responsibility initiatives, spending 37,000 yuan on educational poverty alleviation activities, benefiting 248 rural children[127]. - The company has not faced any significant environmental penalties in the past three years, ensuring compliance with environmental regulations[126]. Compliance and Legal Matters - The company has not undergone any major litigation or arbitration during the reporting period[102]. - There are no penalties or rectification situations reported for the company during the reporting period[103]. - The company acknowledges legal responsibilities for any misleading statements in its prospectus[98]. Miscellaneous - The company has not indicated any expected inability to recover principal from entrusted financial management[79]. - The company has not engaged in any asset or equity acquisition or sale related transactions during the reporting period[116]. - The company has not reported any related party debt or credit transactions during the reporting period[118].

Financial Performance - The company's operating revenue for 2017 was approximately RMB 444.24 million, representing a year-on-year increase of 33.64% compared to RMB 332.41 million in 2016[25]. - The net profit attributable to shareholders for 2017 was approximately RMB 93.19 million, an increase of 51.04% from RMB 61.70 million in 2016[25]. - The net cash flow from operating activities for 2017 was approximately RMB 74.37 million, up 46.96% from RMB 50.61 million in 2016[25]. - The total assets at the end of 2017 amounted to approximately RMB 1.06 billion, reflecting an 18.76% increase from RMB 892.45 million at the end of 2016[25]. - The basic earnings per share for 2017 was RMB 0.46, which is a 48.39% increase compared to RMB 0.31 in 2016[25]. - The weighted average return on equity for 2017 was 12.19%, up from 8.78% in 2016, indicating improved profitability[25]. - The net profit after deducting non-recurring gains and losses for 2017 was approximately RMB 68.30 million, a 21.39% increase from RMB 56.27 million in 2016[25]. - The total profit for the year was 108.29 million yuan, up 52.53% compared to the previous year[47]. - The company achieved a revenue of 444 million yuan in 2017, representing a year-on-year increase of 33.64%[47]. Dividend Policy - The company plans to distribute a cash dividend of 0.85 yuan per 10 shares (including tax) to all shareholders, based on a total of 202,393,750 shares[15]. - The company distributed a cash dividend of RMB 1.40 per 10 shares for the 2016 fiscal year, totaling RMB 17,203,468.75, which represents 18.46% of the net profit attributable to ordinary shareholders[110]. - The cash dividend for 2016 was RMB 11,334,050, which accounted for 18.37% of the net profit attributable to ordinary shareholders[121]. - The company maintained a cash dividend policy with a 100% payout ratio of distributable profits during the reporting period[113]. - The company’s total distributable profit for the reporting period was RMB 278,832,158.89[113]. Investment and Growth Strategy - The company is focusing on core sectors such as biomedicine, metals, and environmental chemicals while exploring innovative sectors to manage risks from changes in downstream application fields[8]. - The company is increasing its investment in environmental protection and safety production measures to address potential risks associated with hazardous materials and waste emissions[13]. - The company is focusing on timely capacity release and market expansion to mitigate risks associated with increased asset depreciation and amortization due to new project investments[11]. - The company is investing in new material industrial parks and other projects, enhancing its construction in progress[41]. - The company has ongoing projects in the new materials industry, with a significant investment in a new materials industrial base amounting to CNY 926.87 million[80]. - The company plans to focus on the development of adsorption separation technology over the next three to five years, aiming to enhance product competitiveness and expand both domestic and international markets[92]. Risk Management - The company aims to enhance its cost management system to mitigate risks from raw material price fluctuations, which significantly affect production costs[7]. - The company is implementing measures to manage the risks associated with raw material price fluctuations, which significantly impact production costs[98]. - The company is actively monitoring exchange rate fluctuations as international business expands, which could impact financial performance due to increased foreign currency transactions[15]. - The company is enhancing its human resources strategy to retain core technical personnel and prevent knowledge leakage, which is critical for maintaining competitive advantages[12]. - The company is addressing the risk of increased asset depreciation by ensuring timely production capacity release and market expansion[102]. - The company is investing in environmental protection and safety measures to mitigate risks associated with production processes and regulatory compliance[104]. Research and Development - The company invested 5.92% of its revenue in R&D, supporting ongoing technological innovation[42]. - The biopharmaceutical sector saw a notable increase, with revenue from stevia extract products growing nearly 50% year-on-year[48]. - The company has successfully industrialized lithium extraction from salt lake brine, showcasing its innovative development approach[39]. - The company has seen an increase in orders for adsorption separation technology services, particularly in emerging fields, contributing to improved profitability[34]. Corporate Governance and Shareholder Relations - The company has established a lock-up period for shareholders, during which they cannot transfer their shares, with specific durations of 12 months and 36 months depending on the shareholder category[123]. - The company’s board must approve any share repurchase plan, requiring a majority vote, and independent directors must provide independent opinions on the plan[124]. - The company has committed to not transferring or entrusting its shares for 36 months from the date of its stock listing, with strict adherence to this commitment[123]. - The company has established specific conditions under which the controlling shareholders can stabilize the stock price through share purchases, requiring written notification to the company within 30 days[124]. - The company has made commitments to strictly fulfill all public promises made during its initial public offering (IPO) and will actively accept social supervision[127]. Community and Social Responsibility - The company has established a partnership with the local community to enhance corporate social responsibility and has participated in charitable activities[165]. - The company has maintained compliance with environmental protection laws and has not faced any penalties for violations during the reporting period[166]. Legal and Compliance - The company is involved in a significant lawsuit with a claim amount of 40.0252 million RMB related to a technical service contract with China Aluminum Corporation[133]. - The company has not faced any penalties or corrective actions during the reporting period[135]. - The integrity status of the company and its controlling shareholders is good, with no significant debts or court judgments outstanding[136].

Financial Performance - Total revenue for Q1 2018 reached ¥132,138,788.18, an increase of 34.05% compared to ¥98,577,396.38 in the same period last year[9] - Net profit attributable to shareholders was ¥20,120,550.13, up 35.86% from ¥14,809,395.76 year-on-year[9] - Net profit excluding non-recurring gains and losses was ¥19,158,264.18, reflecting a 41.15% increase from ¥13,572,609.97 in the previous year[9] - Basic earnings per share rose to ¥0.10, a 42.86% increase compared to ¥0.07 in the same period last year[9] - The gross profit margin for the reporting period was 38.73%, remaining stable compared to the previous year[28] - The total operating revenue for the first quarter of 2018 was CNY 132,138,788.18, an increase of 34.1% compared to CNY 98,577,396.38 in the same period last year[57] - The net profit attributable to the parent company was CNY 20,120,550.13, compared to CNY 14,809,395.76 in the same period last year, reflecting a year-over-year increase of about 35.5%[59] - The total comprehensive income for the quarter was CNY 19,945,195.76, up from CNY 14,809,395.76, showing an increase of about 34.5%[59] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,113,302,575.89, representing a 5.04% increase from ¥1,059,855,286.30 at the end of the previous year[9] - The total liabilities at the end of the reporting period were 273.18 million yuan, reflecting a 12.73% increase from the beginning of the period[25] - The net asset attributable to shareholders increased by 2.51% to ¥832,604,172.97 from ¥812,231,461.96 at the end of the previous year[9] - The total assets at the end of the first quarter were CNY 1,113,302,575.89, up from CNY 1,059,855,286.30 at the beginning of the year, reflecting a growth of 5.0%[51] - The total equity attributable to shareholders of the parent company reached CNY 832,604,172.97, compared to CNY 812,231,461.96 at the start of the year, marking a growth of 2.9%[51] Cash Flow - The company reported a significant decline in net cash flow from operating activities, which was -¥18,231,174.44, compared to ¥2,530,664.44 in the same period last year, a decrease of 820.41%[9] - The company reported a net cash flow from operating activities of -18.23 million yuan, a decrease of 820.41% year-on-year[27] - The net cash flow from operating activities was negative at CNY -18,231,174.44, a significant decline from CNY 2,530,664.44 in the previous year[65] - The company reported a net cash inflow from investment activities of 67,776,814.64 CNY, a turnaround from a net outflow of -53,913,977.96 CNY in the same period last year[70] - The cash flow from financing activities resulted in a net inflow of 10,000,000.00 CNY, consistent with the previous year's inflow[70] Operational Highlights - The company is focusing on improving cost management and optimizing procurement strategies to mitigate risks from raw material price fluctuations[12] - The company aims to diversify its product applications across various sectors to reduce risks associated with changes in downstream application fields[13] - The company is enhancing its human resources strategy to retain core technical personnel and prevent knowledge leakage, which is critical for its innovation and development[16] - The company secured significant orders in the downstream sector, including a 49 million yuan order in the new energy polysilicon field and a contract for a 10,000t/a lithium carbonate production line valued at 578,046,598 yuan[29][30] - The company is accelerating the construction of the Gaoling New Materials Industrial Park to address production capacity shortages and ensure the first phase is operational soon[29] Investments and Projects - The company has initiated the construction of the hydrometallurgical separation material industrialization project, which was previously delayed[41] - The company plans to relocate the implementation site of the hydrometallurgical separation material industrialization project to the Gaoling New Materials Industrial Park[42] - The total amount of raised funds is 255.33 million yuan, with 18.11 million yuan already invested in projects[40] - The company has utilized ¥20,000,000 of raised funds to purchase bank wealth management products, with the remaining funds retained in the fundraising account[42] - The company obtained a land use right for a state-owned construction project through its wholly-owned subsidiary, indicating ongoing expansion efforts[36] Financial Management - Financial expenses surged by 1,123.85% to 6.19 million yuan, mainly due to significant foreign exchange losses[26] - The company reported investment income of CNY 602,228.18, down from CNY 1,236,481.54 in the previous year, indicating a decrease of about 51.3%[58] - The company incurred cash outflows for purchasing goods and services totaling 44,417,287.50 CNY, which is an increase from 34,162,014.92 CNY in the previous year[69] - The company has ongoing investments in fixed assets totaling CNY 154,527,884.56, slightly down from CNY 157,136,914.96[50] Customer and Supplier Dynamics - The top five suppliers accounted for 38.82% of total procurement, indicating a diversified supplier base without reliance on a single supplier[32][34] - The top five customers contributed 26.10% of total revenue, demonstrating a balanced customer portfolio[32][35]

Financial Performance - Net profit attributable to shareholders rose by 17.90% to CNY 23,199,240.75 for the reporting period[9] - Operating revenue for the reporting period reached CNY 125,331,562.71, a 36.16% increase year-on-year[9] - The company reported a significant increase in net profit excluding non-recurring gains and losses, which rose by 30.18% to CNY 20,989,720.91 for the reporting period[9] - Net profit increased by 72.36% to ¥76.82 million, attributed to business growth during the reporting period[18] - The company reported a total profit of ¥27,787,434.83 for the current period, compared to ¥23,062,315.00 in the previous period, reflecting a growth of 20.0%[39] - The company has shown a consistent increase in both revenue and profit margins, indicating a positive outlook for future performance[39] Cash Flow - The net cash flow from operating activities surged by 477.68% to CNY 62,738,728.87 for the year-to-date[9] - Cash flow from operating activities surged by 477.68% to ¥62.74 million, reflecting significant cash receipts from sales[18] - The cash flow from operating activities generated a net amount of CNY 62,738,728.87, a substantial increase from CNY 10,860,503.19 in the same quarter last year[54] - The total cash inflow from operating activities was CNY 255,258,531.58, compared to CNY 156,507,024.45 in the previous year, indicating a growth of 63.0%[54] - The net cash flow from operating activities for Q3 2017 was ¥51,597,204.97, a significant increase compared to ¥1,900,858.09 in the same period last year, representing a growth of approximately 2,617%[56] - Total cash inflow from operating activities reached ¥269,225,156.51, up from ¥156,292,025.82, indicating a year-over-year increase of about 72%[56] Assets and Liabilities - Total assets increased by 10.66% to CNY 987,537,220 compared to the end of the previous year[9] - Current assets rose from CNY 610,872,372.80 to CNY 688,257,983.13, reflecting a growth of about 12.7%[30] - Total liabilities increased from CNY 170,394,815.91 to CNY 188,772,061.38, which is an increase of approximately 10.5%[32] - The company's equity attributable to shareholders rose from CNY 722,050,549.77 to CNY 795,565,158.62, indicating an increase of about 10.2%[33] - Non-current assets totaled CNY 299,279,236.87, up from CNY 281,572,992.88, representing a growth of about 6.3%[31] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 16,626[13] - The top shareholder, Kou Xiaokang, holds 25.49% of the shares, totaling 51,600,000 shares[13] Earnings Per Share - The basic earnings per share decreased by 50.00% to CNY 0.12 for the reporting period[9] - Basic and diluted earnings per share for the current period were both ¥0.12, down from ¥0.24 in the previous period[40] Operating Costs and Expenses - Total operating costs amounted to ¥100,046,493.88, up 41.3% from ¥70,810,013.05 in the prior period[39] - Management expenses rose by 53.25% to ¥44.52 million, mainly due to increased depreciation and R&D investments[18] Investment Income - The company experienced a significant increase in investment income, up 57.44% to ¥4.10 million, mainly from financial product returns[18] - Investment income for the current period was ¥1,670,333.10, compared to ¥315,652.04 in the previous period, indicating a substantial increase[39] - The investment income for the quarter was CNY 4,101,305.13, compared to CNY 2,604,995.15 in the same period last year, reflecting a growth of 57.5%[48] Government Subsidies - The company received government subsidies amounting to CNY 1,397,332.56 during the year-to-date[10] Subsidiaries - The company established two new subsidiaries: Hebi Lansai Environmental Technology Co., Ltd. and Pucheng Lanxiao Technology Co., Ltd. in August and September 2017[20]