Financial Performance - The company's operating revenue for 2021 was CNY 413.49 million, representing a 97.61% increase compared to CNY 209.24 million in 2020[20]. - The net profit attributable to shareholders for 2021 was CNY 59.11 million, up 103.25% from CNY 29.08 million in 2020[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 48.62 million, a significant increase of 234.57% from CNY 14.53 million in 2020[20]. - The total assets at the end of 2021 reached CNY 836.87 million, a 30.22% increase from CNY 642.65 million at the end of 2020[20]. - The company's basic earnings per share for 2021 was CNY 0.6502, reflecting a 103.25% increase from CNY 0.3199 in 2020[20]. - The weighted average return on equity for 2021 was 10.07%, up from 5.31% in 2020[20]. - The company achieved a total operating revenue of 413.49 million yuan in 2021, representing a year-on-year increase of 97.61%[57]. - The net profit attributable to shareholders of the listed company was 59.11 million yuan, up 103.25% year-on-year, while the net profit after deducting non-recurring gains and losses increased by 234.57% to 48.62 million yuan[57]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 1.49 RMB per 10 shares (including tax) based on a total of 90,912,000 shares, with no bonus shares issued[5]. - The proposed cash dividend for the 2020 fiscal year is RMB 0.34 per 10 shares, totaling RMB 3.09 million[157]. - The cash dividend represents 100% of the total profit distribution amount, with a distributable profit of 252,997,516.76 CNY[158]. - The board approved a dividend payout of 0.5 RMB per share, reflecting a commitment to returning value to shareholders[136]. Market and Industry Trends - The overall machine tool industry in China saw a revenue growth of 26.2% in 2021, indicating a recovery trend[30]. - The export value of metal cutting machine tools reached USD 3.65 billion in 2021, reflecting a year-on-year growth of 32.7%[31]. - The company has achieved significant growth in the 3C multi-axis precision engraving product segment, driven by the rapid increase in demand for 5G electronic consumer products[45]. - In the laser cutting sector, the company has seen a favorable market environment in 2021, with many equipment manufacturers maintaining high growth in output due to increased investment and technological breakthroughs[46]. - The water jet cutting system has experienced substantial growth, particularly benefiting from the booming home decoration market, especially in the stone material sector[46]. Research and Development - The company is focusing on new product and technology development, particularly in the field of motion control systems[5]. - The company has adopted an IPD model for R&D, categorizing activities into basic technology research and product development, which includes new product R&D and upgrades[40]. - The company received 37 patent applications during the reporting period, with 31 patents granted and valid, including 14 invention patents[51]. - Research and development expenses increased by 30% year-over-year, totaling 150 million RMB, focusing on automation technologies[136]. - The number of R&D personnel increased by 17.07% to 336, with a notable rise in those aged 30 to 40 years[82]. Risks and Challenges - The company faces risks including intensified market competition, rising labor costs, declining gross margins, new product development risks, and goodwill impairment risks[5]. - The company's future plans and strategic developments are subject to market risks and uncertainties, which investors should be aware of[5]. - Rising personnel costs, particularly for R&D staff, may increase operational expenses in the future[111]. - The company anticipates potential declines in gross margin due to the growing sales of lower-margin servo drivers[112]. Corporate Governance - The company emphasizes the importance of accurate financial reporting and has taken steps to ensure compliance with legal responsibilities[4]. - The company has established a robust governance structure, complying with relevant laws and regulations to enhance operational efficiency[120]. - The company maintains a commitment to equal rights for all shareholders, ensuring they can fully exercise their rights[121]. - The company has an independent financial department with a sound financial management system and independent accounting[126]. - The company has not engaged in any related party transactions that would affect its independent operation[126]. Acquisitions and Investments - The company completed the cash acquisition of Nanjing Kaitong Automation Technology Co., Ltd., enhancing its business layout in the industrial motion control system sector[61]. - The company aims to enhance operational efficiency and expand its market share in the lathe market, leveraging Nanjing Kaitong as a key asset[109]. - A strategic acquisition of a local competitor is anticipated to enhance the company's product offerings and customer base, expected to be finalized by Q3 2022[136]. Employee and Training Initiatives - The total number of employees at the end of the reporting period was 586, with 342 in the parent company and 244 in major subsidiaries[152]. - Employee compensation totaled RMB 135.13 million, accounting for 37.06% of the company's total costs[154]. - The company has developed a comprehensive training system, offering over 700 external courses and 5,700 courseware materials to employees[155]. - The company has established an internal training team to enhance employee skills and knowledge sharing[155]. Financial Management and Investments - The company has reduced its securities investments since mid-2020, focusing on consolidating funds for its main business development[63]. - The company plans to use idle funds for purchasing financial products, enhancing liquidity management[148]. - The company has not reported any significant environmental protection issues, confirming its status as a non-key pollutant unit[167]. Future Outlook - The company provided a future outlook projecting a revenue growth of 20% for the next fiscal year, driven by new product launches and market expansion strategies[136]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[136]. - The company plans to increase investment in the laser field to research new technologies and develop new products[109].

Revenue and Profit - The company's revenue for Q3 2021 reached ¥99,666,398.48, representing a year-on-year increase of 60.41%[3] - The company's revenue for Q3 2021 reached ¥316,696,561.91, representing a 115.83% increase compared to ¥146,731,766.55 in the same period last year[8] - The net profit for Q3 2021 was CNY 57,202,117.49, a significant increase from CNY 11,573,992.36 in the same period last year, representing a growth of approximately 392%[20] - The net profit attributable to shareholders decreased by 19.88% to ¥13,249,836.16, while the net profit excluding non-recurring gains and losses increased by 34.49% to ¥12,208,292.12[3] - The operating profit for the quarter was CNY 65,292,677.72, compared to CNY 15,095,277.97 in Q3 2020, indicating a year-over-year increase of about 332%[20] - The total comprehensive income for the quarter was CNY 57,202,117.49, compared to CNY 11,573,992.36 in the previous year, indicating a growth of approximately 392%[21] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥779,124,341.93, reflecting a 21.24% increase compared to the end of the previous year[3] - The company's total assets as of September 30, 2021, were CNY 779,124,341.93, an increase from CNY 642,651,003.71 at the end of 2020[16] - Total liabilities increased to CNY 163,658,217.58 from CNY 83,295,989.39 in the previous period[17] - The total equity attributable to shareholders increased by 9.71% to ¥613,640,733.23 compared to the end of the previous year[3] - The company's total equity as of September 30, 2021, was CNY 615,466,124.35, up from CNY 559,355,014.32[18] Cash Flow - The company's cash flow from operating activities for the year-to-date reached ¥12,822,186.81, showing a significant increase of 187.45%[3] - The cash flow from operating activities showed a net inflow of CNY 12,822,186.81, compared to CNY 4,460,620.86 in Q3 2020, reflecting a growth of about 188%[24] - The company experienced a net cash outflow from investing activities of CNY 85,494,437.86, contrasting with a net inflow of CNY 10,177,027.13 in Q3 2020[24] - The cash flow from financing activities resulted in a net outflow of CNY 13,233,418.39, compared to a net outflow of CNY 18,535,530.78 in the same quarter last year[24] - The company's cash flow from financing activities decreased by 83.08% to ¥31,061,894.26, attributed to a reduction in securities financing[8] Expenses - Operating costs increased by 165.14% to ¥144,613,782.15 from ¥54,542,607.96, attributed to higher sales and the consolidation of Nanjing operations[8] - R&D expenses rose by 33.35% to ¥63,285,248.89, reflecting increased investment in research and development[8] - The company reported a 128.47% increase in income tax expenses, totaling ¥8,617,434.03, due to higher sales and the consolidation of Nanjing operations[8] Inventory and Receivables - Inventory increased by 144.52% to ¥67,502,583.56, attributed to increased stocking and consolidation of Nanjing Kaitong[7] - Accounts receivable rose by 97.11% to ¥50,652,121.12, driven by increased sales and the consolidation of Nanjing Kaitong[7] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,021[10] Non-Recurring Gains - The company reported a total of ¥1,041,544.05 in non-recurring gains for the quarter, with government subsidies contributing ¥116,580.09[5] - The company received government subsidies, contributing to a 130.12% increase in non-operating income, amounting to ¥587,279.10[8] Earnings Per Share - The company's basic earnings per share decreased by 20.56% to ¥0.1445, while diluted earnings per share remained the same[3] - The company reported a basic and diluted earnings per share of CNY 0.6292, significantly higher than CNY 0.1273 in the same quarter last year, an increase of approximately 394%[21] Audit Information - The company did not undergo an audit for the Q3 2021 report[26] Future Plans - The company plans to continue expanding its market presence and investing in new technologies[19]

Financial Performance - The company reported a revenue increase of 15% year-over-year for the first half of 2021, reaching approximately 500 million RMB[17]. - Revenue for the reporting period reached ¥217,030,163.43, an increase of 156.54% compared to ¥84,598,055.95 in the same period last year[23]. - Net profit attributable to shareholders was ¥44,126,890.21, a significant increase of 989.18% from a loss of ¥4,962,675.52 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was ¥38,470,329.89, up 861.24% from a loss of ¥5,053,615.77 in the same period last year[23]. - The company achieved a revenue of 217.03 million yuan, representing a year-on-year growth of 156.54%[59]. - The net profit attributable to shareholders reached 44.13 million yuan, a significant increase of 989.18% compared to the previous year[59]. - The total operating revenue for the first half of 2021 reached CNY 217,030,163.43, a significant increase from CNY 84,598,055.95 in the same period of 2020, representing a growth of approximately 156.5%[175]. - The total profit for the first half of 2021 was ¥50,885,225.01, compared to a loss of ¥2,791,005.94 in the first half of 2020[178]. - The total comprehensive income for the first half of 2021 was ¥44,068,289.58, compared to a loss of ¥4,962,675.52 in the first half of 2020[178]. Research and Development - The company plans to invest 20 million RMB in R&D for new product development in the next fiscal year[17]. - The R&D team consists of 307 members, with R&D expenses amounting to 41.01 million yuan, reflecting a year-on-year increase of 28.37%[62]. - The company employs an IPD model for R&D, categorizing activities into basic technology research and product development, which includes new product development and upgrades[40]. - Research and development expenses increased by 28.37% to ¥41,007,950.03 from ¥31,944,895.28, reflecting the company's commitment to innovation[67]. - The company has invested 36.36 million yuan in the R&D center, with an investment ratio of 87.68%[87]. Market Expansion and Strategy - The company has set a revenue target of 1 billion RMB for the full year 2021, representing a 10% growth from 2020[17]. - Market expansion efforts include entering two new provinces in China, aiming to increase market share by 5%[17]. - The company is exploring potential acquisitions to enhance its technology portfolio, with a budget of 50 million RMB allocated for this purpose[17]. - The company is actively pursuing technology innovation, with key projects aimed at enhancing performance and reducing costs in the automation market[62]. - The company aims to achieve economies of scale through horizontal integration with the acquisition of Nanjing Kaitong, enhancing its bargaining power in the industry[64]. Financial Position and Risks - The management emphasizes the importance of maintaining a strong balance sheet to navigate market uncertainties[5]. - The company faces risks including increased market competition and potential declines in gross margin, which may impact future performance[5]. - The company faces risks from increasing market competition and rising personnel costs, which may impact future profitability[97][98]. - There is a risk of goodwill impairment if the performance of acquired entities does not meet expectations, particularly regarding the integration of business models and corporate cultures[101]. - The company reported a significant increase in accounts receivable to ¥48,150,958.83, up from ¥25,697,974.56, reflecting higher sales volumes[75]. Shareholder and Equity Information - No cash dividends will be distributed to shareholders for the current fiscal year, as the company focuses on reinvestment[6]. - The company did not distribute cash dividends or issue bonus shares for the half-year period[108]. - The total equity attributable to the parent company was CNY 600,390,897.07 as of June 30, 2021, compared to CNY 559,355,014.32 at the end of 2020, indicating an increase of about 7.3%[170]. - The company has maintained a stable profit distribution policy to ensure reasonable returns to investors[113]. - The company has a total of 90,912,000 shares, with no new shares issued during this reporting period[146]. Legal Matters - The company won a lawsuit against Shenzhen Yuanxiang Machinery Co., Ltd., with a claim amount of CNY 25.26 million, currently in the execution phase[123]. - The company also won a lawsuit against Shenzhen Changwang CNC Equipment Co., Ltd., with a claim amount of CNY 1.58 million, currently in the execution phase[124]. - The company won a lawsuit against Dongguan Guwei Optoelectronic Equipment Co., Ltd., with a claim amount of CNY 1.05 million, currently in the execution phase[124]. - The company won a lawsuit against Shenzhen Tianxinli CNC Equipment Co., Ltd., with a claim amount of CNY 0.75 million, currently in the execution phase[124]. - The company won a lawsuit against Shenzhen Dingtai Intelligent Equipment Co., Ltd., with a claim amount of CNY 0.62 million, currently in the execution phase[124]. - The company won a lawsuit against Shanghai Yuanxi Automatic Equipment Co., Ltd., with a claim amount of CNY 0.40 million, currently in the execution phase[124]. Operational Efficiency - The average production cycle for products has been reduced from 45 days to 15 days, leading to increased production efficiency[87]. - The company has established a comprehensive training system for technical engineers, ensuring high-quality customer service[43]. - The company has developed a comprehensive R&D, marketing, and production system to adapt to market trends and customer demands[58]. Corporate Governance and Social Responsibility - The company emphasizes its commitment to social responsibility, focusing on economic benefits, shareholder interests, and environmental protection[112]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[119]. - The company did not experience any bankruptcy reorganization matters during the reporting period[122].

Financial Performance - The company's revenue for Q1 2021 was ¥85,380,593.89, representing a 173.94% increase compared to ¥31,167,689.06 in the same period last year[8] - Net profit attributable to shareholders was ¥16,053,512.33, a significant turnaround from a loss of ¥28,876,299.77 in the previous year, marking a 155.59% improvement[8] - The net profit after deducting non-recurring gains and losses was ¥12,566,046.50, up 228.28% from a loss of ¥9,786,686.50 in the same period last year[8] - The basic earnings per share for the period was ¥0.1766, compared to a loss of ¥0.3176 in the same period last year, reflecting a 155.59% increase[8] - The company achieved operating revenue of CNY 85,380,593.89, a 173.94% increase compared to the same period last year, driven by increased sales and the consolidation of Nanjing Kaitong Automation Technology Co., Ltd.[20] - Net profit attributable to shareholders reached CNY 16,053,500, reflecting a 155.59% growth year-on-year, with original business sales contributing 143.85% and Nanjing Kaitong's consolidation contributing 11.74%[20][21] - The total operating revenue for the first quarter of 2021 was CNY 85,380,593.89, a significant increase from CNY 31,167,689.06 in the same period last year, representing a growth of approximately 173.5%[54] - The total operating costs for Q1 2021 were CNY 69,850,985.06, up from CNY 41,917,616.61 in the previous year, reflecting an increase of 66.7%[55] - The company reported a net profit of CNY 285,384,709.96 in retained earnings, compared to CNY 269,331,197.63 previously, showing an increase of about 6%[48] - The total profit for Q1 2021 was CNY 18,350,254.66, compared to a total loss of CNY 27,785,868.53 in Q1 2020, highlighting a strong recovery[56] Assets and Liabilities - The company's total assets increased by 15.51% to ¥742,328,568.23 from ¥642,651,003.71 at the end of the previous year[8] - The total assets as of March 31, 2021, amounted to CNY 742,328,568.23, compared to CNY 642,651,003.71 at the end of 2020, reflecting an increase of about 15.6%[48] - The total liabilities increased to CNY 166,920,041.58 from CNY 83,295,989.39, indicating a growth of approximately 100.5%[47] - The total current liabilities amounted to CNY 161,788,969.22, compared to CNY 78,059,865.23, reflecting an increase of about 106.5%[47] - The total non-current assets reached CNY 415,643,696.73, up from CNY 284,357,192.65, marking an increase of around 46.1%[48] Cash Flow - The net cash flow from operating activities was -¥7,053,097.64, an improvement of 22.94% compared to -¥9,152,870.64 in the previous year[8] - The company's cash and cash equivalents decreased from ¥110,364,159.73 on December 31, 2020, to ¥68,466,583.53 on March 31, 2021, representing a decline of approximately 38%[45] - Cash inflow from financing activities was 31,487,170.50 CNY, significantly lower than 139,802,463.75 CNY in the previous period[63] - The net cash flow from financing activities was 5,844,017.12 CNY, down from 38,771,989.18 CNY year-over-year[63] - The company reported a total cash outflow from operating activities of 78,720,956.83 CNY, compared to 43,159,492.53 CNY in the previous period[62] Shareholder Information - The company reported a total of 8,064 common shareholders at the end of the reporting period[12] - The top two shareholders, Tang Tongkui and Zheng Zhikai, held 34.01% and 28.90% of the shares, respectively[12] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[14] Research and Development - The company emphasizes the importance of technology R&D and has developed a series of motion control products, holding numerous patents and software copyrights[29] - Research and development expenses for Q1 2021 were CNY 17,559,146.49, slightly up from CNY 16,908,679.94 in Q1 2020, indicating continued investment in innovation[55] - The average salary of employees, particularly in R&D, has been increasing, which may lead to higher operational costs in the future[26] Market and Competition - The company plans to enhance its competitive position by increasing R&D investment and expanding its customer base to mitigate market competition risks[25] - The company anticipates a potential decline in overall gross margin due to the lower gross margin of servo drivers compared to control cards and integrated machines[26] - The company faces risks related to market competition that may further pressure product gross margins[26] Investments and Projects - The company has invested a total of 209.72 million yuan in fundraising this quarter, with a cumulative investment of 187.06 million yuan[36] - The company has ongoing construction projects with capitalized costs of CNY 142,200,704.22, up from CNY 118,524,038.15, indicating a growth of approximately 19.97%[51] - The total investment in the servo driver industrialization project was ¥53,714,100, with a cumulative investment of ¥36,590,500, representing an investment ratio of 68.12%[38] - The company aims to enhance its production efficiency through lean manufacturing practices, which have led to increased utilization of production equipment[38] Risks and Challenges - The company is at risk of goodwill impairment if the acquisition of Nanjing Kaitong does not meet expectations, despite thorough pre-acquisition evaluations[31] - The company has established a core management team and governance structure but faces challenges in adapting its management system to its expanding scale[27] - The company has not reported any significant changes in project feasibility or any violations regarding external guarantees during the reporting period[39][40] - The company has not engaged in any non-operating fund occupation by controlling shareholders or their affiliates during the reporting period[40]

Financial Performance - The net profit attributable to shareholders for 2020 was CNY 29.08 million, a decrease of 55.85% year-on-year, primarily due to significant declines in fair value changes and securities investment income[4]. - The company's operating revenue for 2020 was ¥209,241,779.74, an increase of 9.35% compared to ¥191,349,624.93 in 2019[18]. - The net profit attributable to shareholders for 2020 was ¥29,082,393.09, a decrease of 55.85% from ¥65,867,794.22 in 2019[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥14,531,878.71, a significant increase of 165.7% compared to -¥22,125,475.05 in 2019[18]. - The company's total assets at the end of 2020 were ¥642,651,003.71, reflecting a growth of 5.97% from ¥606,433,955.95 at the end of 2019[18]. - The basic earnings per share for 2020 was ¥0.3199, down 55.85% from ¥0.7245 in 2019[18]. - The weighted average return on equity for 2020 was 5.31%, a decrease of 7.78% from 13.09% in 2019[18]. - The company reported a net cash flow from operating activities of ¥35,419,378.53, a decrease of 5.61% from ¥37,523,635.46 in 2019[18]. - The company received government subsidies amounting to ¥6,199,151.13 in 2020, down from ¥14,912,272.36 in 2019[24]. - The total non-recurring gains and losses for 2020 amounted to ¥14,550,514.38, significantly lower than ¥87,993,269.27 in 2019[24]. Dividend Distribution - The company plans to distribute a cash dividend of CNY 0.34 per 10 shares (including tax) based on a total of 90,912,000 shares, with no bonus shares issued[5]. - The cash dividend for 2020 represents 20.56% of the total distributable profit[121]. - In 2020, the cash dividend amount was CNY 3,091,008, representing 10.63% of the net profit attributable to ordinary shareholders[124]. - In 2019, the cash dividend amount was CNY 5,727,455.98, which accounted for 8.70% of the net profit attributable to ordinary shareholders[124]. - The company did not propose a cash dividend distribution plan for the reporting period despite having positive profits available for distribution to ordinary shareholders[125]. Operational Strategy - The company emphasizes that its core business and competitive strengths remain stable, with no significant adverse changes in the industry trends[4]. - The company is committed to strengthening operational management and continuously promoting product research and development to enhance performance[4]. - Future operational plans and targets are subject to market conditions and uncertainties, and do not constitute profit forecasts or commitments to investors[4]. - The company will continue to focus on product upgrades and market expansion strategies to drive growth[4]. - The company restructured its development strategy focusing on "single machine," "process," and "interconnection" to transition into a smart manufacturing solution provider[52]. Market and Industry Insights - The company operates in the digital manufacturing sector, focusing on the development and sales of industrial motion control systems and servo drive systems[28]. - The domestic machine tool industry is expected to enter an upward cycle due to the recovery of downstream manufacturing, with a significant demand for machine upgrades as over 60% of existing machines are over 10 years old[104]. - The general motion control market in China reached a scale of 12 billion RMB in 2018, with a compound annual growth rate of 13.25% from 2014 to 2018, indicating strong growth potential[105]. - The overall CNC rate for metal cutting machine tools was 37.75% in 2019, suggesting significant room for improvement in the high-precision CNC equipment market[106]. Research and Development - The company has filed 38 patent applications and received 21 valid patents, including 8 invention patents, during the reporting period[43]. - The company's core technology in high-speed, high-precision motion control for complex surfaces is recognized as a leading technology in the industry[41]. - The company has a complete set of core intellectual property rights in motion control technology, allowing for rapid and flexible product offerings[43]. - The company completed several key R&D projects in 2020, including the Phoenix board and visual process editing, enhancing product competitiveness and usability[76]. - The company's R&D investment in 2020 amounted to ¥62,892,091.69, representing 30.06% of its operating revenue[77]. Risks and Challenges - The company faces various risks, including intensified market competition, rising labor costs, and potential declines in gross profit margins[4]. - The company anticipates potential risks from intensified market competition, which could impact its market position if it fails to enhance product development and customer service[110]. - Rising personnel costs, particularly for R&D staff, may increase operational expenses as the industry continues to grow and attract talent[111]. - The company expects a potential decline in overall gross margin due to the increasing sales of lower-margin servo drives compared to higher-margin control cards and integrated machines[111]. Corporate Governance and Shareholding - The total number of ordinary shareholders at the end of the reporting period was 8,372, with a slight increase from 8,353 at the end of the previous month[174]. - The largest shareholder, Tang Tongkui, holds 34.01% of the shares, totaling 30,920,891 shares, with a decrease of 338,600 shares during the reporting period[175]. - The second-largest shareholder, Zheng Zhikai, owns 30.39% of the shares, amounting to 27,629,091 shares, with no change reported[175]. - The company has not reported any significant changes in its shareholding structure or any commitments regarding share reduction by major shareholders[179]. Social Responsibility - The company emphasizes its commitment to social responsibility, focusing on economic benefits, employee rights, and environmental protection[158]. - The company has a focus on social responsibility, including precise poverty alleviation initiatives, although specific financial impacts were not detailed[161].

Financial Performance - The net profit attributable to shareholders for 2020 was CNY 29.08 million, a decrease of 55.85% year-on-year, primarily due to significant declines in fair value changes and securities investment income[4]. - The company's operating revenue for 2020 was CNY 209,241,779.74, representing a 9.35% increase compared to CNY 191,349,624.93 in 2019[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 14,531,878.71, compared to a loss of CNY 22,125,475.05 in 2019[18]. - The net cash flow from operating activities for 2020 was CNY 35,419,378.53, down 5.61% from CNY 37,523,635.46 in 2019[18]. - The total assets at the end of 2020 were CNY 642,651,003.71, an increase of 5.97% from CNY 606,433,955.95 at the end of 2019[18]. - The net assets attributable to shareholders at the end of 2020 were CNY 559,355,014.32, up 4.36% from CNY 536,000,077.21 at the end of 2019[18]. - The company reported a total of CNY 14,550,514.38 in non-recurring gains and losses for 2020, significantly lower than CNY 87,993,269.27 in 2019[24]. - The company achieved a significant increase in investment income, contributing ¥15,341,512.97, which accounted for 44.20% of total profit[86]. - The company reported a total revenue of 1.5 billion RMB for the year 2020, representing a year-on-year growth of 15%[135]. Dividend Distribution - The company plans to distribute a cash dividend of CNY 0.34 per 10 shares (including tax) based on a total of 90,912,000 shares, with no bonus shares issued[5]. - The cash dividend distribution represents 20.56% of the total distributable profit, indicating a balanced approach to profit allocation while ensuring sufficient reinvestment for growth[128]. - The company proposed a cash dividend of RMB 0.34 per 10 shares, totaling RMB 3,091,008 for 2020, which represents 10.63% of the net profit attributable to ordinary shareholders[130]. - In 2019, the cash dividend was RMB 0.63 per 10 shares, amounting to RMB 5,727,456, which accounted for 8.70% of the net profit attributable to ordinary shareholders[130]. - The total cash dividends distributed over the last three years amounted to RMB 8,818,464, with a cumulative payout ratio of 19.33% of the net profit attributable to ordinary shareholders[130]. Operational Strategy - The company emphasizes that its core business and competitive strengths remain stable, with no significant adverse changes in the industry trends[4]. - The company is committed to strengthening operational management and continuously advancing product research and development to improve performance[4]. - Future operational plans and targets are subject to market conditions and uncertainties, and do not constitute profit forecasts or commitments to investors[4]. - The company is focused on product upgrades and market expansion as part of its growth strategy[4]. - The company restructured its development strategy focusing on "single machine," "process," and "interconnection" to transition into a smart manufacturing solution provider[55]. - The company aims to provide competitive products and services in the digital manufacturing field, emphasizing innovation and empowerment of the Chinese manufacturing industry[57]. Market and Industry Insights - The machine tool industry, which the company operates in, saw a total revenue of 613.7 billion yuan from January to November 2020, a decrease of 101 billion yuan compared to the previous year[40]. - The domestic machine tool industry is expected to enter an upward cycle, driven by the recovery of downstream manufacturing, with over 450,000 traditional machines nearing obsolescence[109]. - The global motion control market is projected to grow from 12.8 billion in 2018 to over 15 billion by 2023, indicating a robust growth trajectory[110]. - The market size of China's general motion control industry reached 12 billion in 2018, with a compound annual growth rate of 13.25% from 2014 to 2018[110]. Research and Development - The company has filed 38 patent applications and received 21 valid patents, including 8 invention patents, during the reporting period[46]. - The company completed key R&D projects in 2020, including the Phoenix board and visual process editing, which enhance product competitiveness and reduce maintenance costs[80]. - R&D investment amounted to ¥62,892,091.69 in 2020, representing 30.06% of total revenue, a decrease from 36.38% in 2019[81]. - The company has a strong focus on R&D in the technology-intensive industrial motion control software sector, having developed a range of motion control products and secured numerous patents, but risks losing market leadership if it fails to adapt to technological trends[119]. Risk Management - The company acknowledges various risks, including intensified market competition, rising labor costs, and potential declines in gross margins[4]. - The company faces risks from intensified market competition and rising personnel costs, particularly for R&D staff, which could impact operational expenses[115][117]. - The company has not encountered significant operational risks and is currently operating normally[4]. Corporate Governance - The company has established a stable and experienced core management team, which is crucial for navigating the complexities of its growing operations[118]. - The company has committed to fulfilling all promises made by its actual controllers and shareholders during the reporting period[132]. - The company has engaged Rongcheng Accounting Firm for 11 consecutive years, with an audit fee of 466,600 RMB for the reporting period[143]. Social Responsibility - The company emphasizes its commitment to social responsibility, focusing on economic benefits, employee growth, customer satisfaction, and government trust[165]. - The company is actively engaged in various poverty alleviation initiatives, although specific financial impacts were not detailed[168]. - The company has implemented a comprehensive employee care system to enhance employee recognition and belonging[166].

Financial Performance - Operating revenue for the reporting period was ¥62,133,710.60, representing a year-on-year growth of 41.31%[8] - Net profit attributable to shareholders was ¥16,536,667.88, a significant increase of 669.60% compared to the same period last year[8] - The net profit after deducting non-recurring gains and losses was ¥9,077,582.00, up by 325.51% year-on-year[8] - Basic earnings per share for the reporting period were ¥0.1819, reflecting a 669.60% increase compared to the same period last year[8] - The weighted average return on net assets was 3.10%, compared to 2.15% in the same period last year[8] - Total operating revenue for Q3 2020 reached ¥62,133,710.60, compared to ¥43,968,620.04 in the same period last year, indicating a significant increase[39] - The company reported a decrease in current liabilities to ¥61,683,793.75 from ¥68,670,905.96, a decline of about 10.5%[37] - The company’s total comprehensive income for the quarter was CNY 16,536,667.88, compared to a loss of CNY 2,903,227.84 in the previous year[42] Cash Flow - The net cash flow from operating activities was ¥8,999,542.61, an increase of 22.95% year-on-year[8] - Cash flow from investment activities surged by 316.53% to ¥382,939,989.61, primarily due to decreased securities investments[22] - The net cash flow from operating activities for Q3 2020 was CNY 4,460,620.86, slightly down from CNY 4,511,076.26 in Q3 2019, indicating a stable performance[56] - The cash inflow from sales of goods and services was CNY 125,758,275.53, down from CNY 138,268,700.93 in the previous year, reflecting a decline in sales revenue[56] - The cash flow from operating activities for the year-to-date was CNY 144,069,306.67, a recovery from a negative cash flow of CNY -52,961,280.64 in the previous year[58] Assets and Liabilities - Total assets at the end of the reporting period reached ¥607,701,514.01, an increase of 0.21% compared to the previous year[8] - Non-current assets totaled ¥303,975,584.62, up from ¥242,013,825.60 year-on-year, reflecting a growth of approximately 25.6%[36] - Total liabilities decreased to ¥64,680,514.54 from ¥73,181,392.80, representing a reduction of about 12%[37] - Owner's equity increased to ¥509,682,530.70 from ¥501,879,544.08, showing a growth of approximately 1.6%[37] - The company’s accounts receivable stood at ¥14,644,655.21, slightly down from ¥15,088,265.54 year-on-year[34] - The company’s inventory increased to ¥25,588,977.80 from ¥23,722,734.39, reflecting a growth of about 7.9%[34] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,084[12] - The top two shareholders, Tang Tongkui and Zheng Zhikai, held 34.38% and 30.39% of the shares, respectively[12] Government Support - The company received government subsidies amounting to ¥5,887,013.80 during the reporting period[9] - Cash received from government project subsidies increased by 78.00% to ¥4,391,754.17[22] Investment and Expenses - Research and development expenses were CNY 15,512,576.41, down from CNY 18,565,775.29 year-over-year[40] - The company reported an investment income of CNY 5,409,787.92, a turnaround from a loss of CNY 4,427,949.35 in the previous year[40] - Total operating costs amounted to CNY 52,653,745.35, up from CNY 50,562,655.34 in the previous year[40] - The company reported investment income of CNY 11,169,263.89 for Q3 2020, significantly lower than CNY 39,138,271.30 in Q3 2019[48] Debt and Financing - Short-term borrowings decreased to ¥0 from ¥25,537,881.25 as the company repaid bank loans[19] - The net cash flow from financing activities was negative at CNY -18,535,530.78, compared to a positive CNY 23,743,949.82 in Q3 2019, indicating higher debt repayments[57] - The company received CNY 183,589,808.31 from borrowings in Q3 2020, a substantial increase from CNY 25,312,286.61 in the same period last year[57] Other Notable Points - The company anticipates potential significant changes in net profit compared to the previous year, but specific forecasts are not disclosed[24] - There were no violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[25][26]

Financial Performance - The company reported a total revenue of 200 million yuan for the first half of 2020, representing a year-on-year increase of 15% compared to the same period in 2019[14]. - The company's operating revenue for the reporting period was ¥84,598,055.95, a decrease of 15.06% compared to the same period last year[20]. - The net profit attributable to shareholders was -¥4,962,675.52, representing a decline of 115.79% year-over-year[20]. - The net cash flow from operating activities was -¥4,538,921.75, a decrease of 61.61% compared to the previous year[20]. - The company anticipates a revenue growth of 25% for the full year 2020, driven by increased demand for automation products[14]. - The company reported a basic and diluted earnings per share of -¥0.0546, a decline of 115.79% from the previous year[20]. - The company reported a significant increase in trading financial assets, which rose by 3.75% to ¥279,026,826.31[75]. - The total comprehensive income for the first half of 2020 was 1,117,047.08 yuan, reflecting a decrease of 4,610,408.90 yuan compared to the previous period[193]. Cost and Profitability - The gross profit margin for the first half of 2020 was 40%, a decrease of 5% from the previous year, indicating increased cost pressures[14]. - The company's total operating costs for the first half of 2020 were CNY 91,439,288.74, down from CNY 99,635,203.85 in the first half of 2019, reflecting a cost reduction strategy[171]. - The company experienced a significant decline in investment income, reporting ¥5,759,475.97, down 86.78% from ¥43,566,220.65 in the previous year[65]. - The company's financial expenses showed a significant increase, with interest expenses rising to ¥448,849.61 in the first half of 2020 from ¥983,462.33 in the same period of 2019[177]. Research and Development - The company plans to invest 50 million yuan in R&D for new product development in the next fiscal year, focusing on integrated motion control systems[14]. - The company's R&D investment was ¥31,944,895.28, down 5.15% from ¥33,680,170.30 year-on-year[65]. - Research and development expenses for the first half of 2020 were CNY 31,944,895.28, slightly down from CNY 33,680,170.33 in the same period of 2019, reflecting ongoing investment in innovation[171]. - The company is committed to increasing R&D investment to maintain its technological and product leadership amidst intensifying market competition[100]. Market Strategy and Expansion - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 30% increase in market share by the end of 2021[14]. - User data showed a 20% increase in active users of the company's automation solutions, reaching 10,000 users by June 30, 2020[14]. - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market presence[14]. - The company is transitioning to an intelligent manufacturing solution provider, focusing on "single machine," "process," and "interconnection" strategies[55]. Assets and Liabilities - The total assets at the end of the reporting period were ¥570,279,149.91, down 5.96% from the end of the previous year[20]. - The company's current assets decreased to CNY 361,516,709.22 from CNY 419,151,061.52, reflecting a decline of approximately 13.8%[164]. - Total liabilities decreased to CNY 44,969,204.20 from CNY 70,433,878.74, a reduction of approximately 36.3%[165]. - The company's equity attributable to shareholders decreased to CNY 525,309,945.71 from CNY 536,000,077.21, a decline of about 2.0%[166]. Shareholder Information - No cash dividends or stock bonuses will be distributed to shareholders for the current fiscal year, as the company focuses on reinvestment[6]. - The total number of ordinary shareholders at the end of the reporting period was 9,371[142]. - The largest shareholder, Tang Tongkui, holds 34.38% of the shares, totaling 31,259,491 shares[142]. - The company did not distribute cash dividends or issue new shares during the reporting period[110]. Risks and Challenges - The company faces risks including intensified market competition and rising labor costs, which may impact future profitability[5]. - The company acknowledges the risk of operational management challenges as it expands its scale and complexity[102]. - The half-year financial report has not been audited, indicating a potential area of concern for investors[112]. - The overall financial performance reflects challenges faced during the reporting period, necessitating strategic adjustments moving forward[193].

Financial Performance - The company reported a total revenue of 90.91 million CNY for the year 2019, reflecting a year-on-year increase of 15% compared to 2018[12]. - The net profit attributable to shareholders was 12.5 million CNY, representing a growth of 20% from the previous year[12]. - The company reported a gross margin of 35% for 2019, which is a slight decrease from 36% in 2018[12]. - In 2019, the company's operating revenue was CNY 191,349,624.93, a decrease of 16.55% compared to CNY 229,287,310.76 in 2018[17]. - The net profit attributable to shareholders was CNY 65,867,794.22, a significant increase of 340.20% from a loss of CNY 27,422,380.17 in 2018[17]. - The total assets at the end of 2019 were CNY 606,433,955.95, up 12.28% from CNY 540,121,149.18 at the end of 2018[17]. - The company's weighted average return on equity was 13.09%, a recovery from -5.60% in 2018, indicating improved profitability[17]. - The company reported a total of CNY 87,993,269.27 in non-recurring gains and losses for 2019, compared to a loss of CNY 54,442,432.49 in 2018[23]. - The company achieved operating revenue of 191 million yuan, a decrease of 16.55% compared to the same period last year[52]. - The net profit attributable to shareholders was 65.87 million yuan, showing significant growth due to fluctuations in fair value changes and investment income[52]. Dividend Distribution - The company plans to distribute a cash dividend of 0.63 CNY per 10 shares, with a total of 90,912,000 shares as the base[4]. - The total cash dividend for 2019 was RMB 5,727,456, accounting for 20.17% of the total profit distribution[127]. - The cash dividend per share for 2019 was RMB 0.63, based on a total share capital of 90,912,000 shares[129]. - The cash dividend distribution plan for 2019 is subject to approval at the annual general meeting[129]. - The company has committed to maintaining a minimum cash dividend payout ratio of 20% during its growth phase[127]. - The cash dividend for 2019 represents an increase from the previous year, where no dividends were distributed[133]. Research and Development - The company aims to increase its R&D expenditure by 10% in the upcoming fiscal year to support innovation[12]. - The company’s R&D focuses on motion control systems and servo drive systems, primarily used in CNC machine tools, enhancing its competitive edge in automation technology[27]. - R&D investment accounted for 36.38% of operating revenue, an increase of 7.66 percentage points year-on-year, enhancing the company's core competitiveness[53]. - The company has established a complete R&D system and a stable, professional team, ensuring a deep understanding of customer needs and product characteristics[50]. - The company has developed customized services based on customer needs, enhancing long-term cooperation and accumulating technical experience for future product upgrades[49]. - The company launched key products including the 13/14-axis glass machine, which improved processing efficiency by 150% for mobile phone protective covers[53]. - The company is investing in new product development, particularly in integrated motion control systems and automation technologies[12]. Market Strategy and Expansion - The company is focusing on expanding its market presence and enhancing its product offerings in the automation sector[12]. - The company anticipates a revenue growth target of 20% for the next fiscal year, driven by new product launches and market expansion efforts[12]. - The company has identified strategic partnerships as a key avenue for market expansion and technological advancement[12]. - The company has established 21 offices across key sales regions in China, employing a direct sales model to closely engage with customers[32]. - The company aims to achieve a market share of over 60% for domestic CNC systems in high-end CNC machine tools by 2020, as part of the "Made in China 2025" initiative[110]. - The company is exploring potential mergers and acquisitions to enhance its market position and technological capabilities[200]. Risks and Challenges - The company faces risks including intensified market competition and potential declines in gross profit margins, which could impact future performance[4]. - The company acknowledges the risk of declining gross margins due to the lower margins of its driver products compared to control cards and integrated machines[117]. - The company faces risks from intensified market competition, which could impact its market position if it does not enhance product R&D and customer service[115]. Corporate Governance and Compliance - The company has established guidelines to ensure that any related party transactions are conducted at fair market prices and comply with legal regulations[143]. - The company will ensure the independence of its operations, assets, and finances from any other businesses controlled by its major shareholders[143]. - The company has outlined a commitment to minimize related party transactions with its controlled entities[143]. - The company has established a framework for disclosing related party transactions in accordance with legal requirements[143]. - The company has committed to repurchasing shares if any significant issues arise with the prospectus, ensuring investor protection[145]. Shareholder Information - The total number of shares before the change was 90,912,000, with a decrease of 17,572,764 shares, resulting in a total of 73,339,236 shares after the change[179]. - The largest shareholder, Tang Tongkui, holds 34.38% of the shares, totaling 31,259,491 shares[184]. - The second-largest shareholder, Zheng Zhikai, holds 30.39% of the shares, totaling 27,629,091 shares, with a decrease of 30,400 shares during the reporting period[184]. - The company reported a lock-up period of 36 months for shares held prior to the IPO, which may extend to 42 months if certain stock price conditions are met[135]. - The company has committed to long-term shareholding intentions, with potential share reductions of up to 25% in the first and second years post-lockup period[144]. Legal Matters - The company won a lawsuit against Shenzhen Yuanxiangrui Machinery Co., Ltd. for a contract dispute, with a claim amount of CNY 25.26 million, and is currently in the process of enforcement[154]. - The company also won a lawsuit against Shenzhen Changwang CNC Equipment Co., Ltd. for a contract dispute, with a claim amount of CNY 0.1577 million, but the defendant currently has no enforceable assets[154]. - The company successfully recovered a total of CNY 1.745 million from Beijing Fans Machine Tool Co., Ltd. after a contract dispute, which includes CNY 0.4 million in the reporting period[159].

Financial Performance - Total revenue for Q1 2020 was ¥31,167,689.06, a decrease of 35.77% compared to ¥48,522,467.69 in the same period last year[8] - Net profit attributable to shareholders was -¥28,876,299.77, representing a decline of 145.02% from ¥64,142,383.22 year-on-year[8] - Basic and diluted earnings per share were both -¥0.3176, down 145.02% from ¥0.7055 in the same period last year[8] - The company's operating revenue for the first quarter was 31,167,689.06, a decrease of 35.77% compared to the same period last year, primarily due to a decline in sales caused by the COVID-19 pandemic[19] - The net profit attributable to the parent company was -2,887.63, a decrease of 145.02% year-on-year, mainly impacted by the decline in sales revenue and fluctuations in securities investments[19] - The net profit for the first quarter of 2020 was -15,893,974.19 CNY, compared to a profit of 37,482,641.03 CNY in the same period last year, indicating a significant decline[54] - The operating profit for the first quarter was -15,674,260.29 CNY, down from 41,026,267.84 CNY year-over-year[54] Cash Flow - The net cash flow from operating activities was -¥9,152,870.64, a decrease of 93.18% compared to -¥4,737,879.58 in the previous year[8] - Cash received from sales of goods and services was 29,836,107.12, down 31.61% from the previous year, reflecting the decrease in sales revenue[18] - The total cash flow from operating activities was -9,152,870.64 CNY, compared to -4,737,879.58 CNY in the previous year, reflecting worsening cash flow conditions[58] - Cash and cash equivalents at the end of the period decreased to 12,455,223.30 CNY from 36,246,291.99 CNY at the end of the previous year[59] - The company reported cash inflows from investment activities of 65,205,669.52 CNY, up from 31,604,523.15 CNY in the previous year[58] - The cash outflow from investment activities was 95,672,196.01 CNY, compared to 50,885,406.97 CNY in the same period last year, indicating increased investment expenditures[58] - The net cash flow from financing activities was 38,771,989.18 CNY, compared to 19,523,445.58 CNY in the previous year, showing improved financing conditions[59] Assets and Liabilities - Total assets at the end of the reporting period were ¥608,243,537.72, an increase of 0.30% from ¥606,433,955.95 at the end of the previous year[8] - Total liabilities increased to CNY 101.12 million as of March 31, 2020, compared to CNY 70.43 million as of December 31, 2019[42] - The company's total current assets as of March 31, 2020, were CNY 424.17 million, slightly up from CNY 419.15 million as of December 31, 2019[40] - The company's inventory increased to CNY 27.79 million as of March 31, 2020, from CNY 23.57 million as of December 31, 2019[40] - The company reported a decrease in accounts payable to CNY 12.72 million as of March 31, 2020, down from CNY 17.15 million as of December 31, 2019[42] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,563[12] - Major shareholders include Tang Tongkui with 34.38% and Zheng Zhikai with 30.39% of shares[12] Government Support and Non-Recurring Items - The company received government subsidies amounting to ¥3,865,389.19 during the reporting period[9] - Non-recurring losses totaled -¥19,089,613.27, primarily due to fair value changes in financial assets[9] Investment and R&D - The company's investment income for the first quarter was 14,828,289.02, an increase of 30.85% compared to the previous year, attributed to increased securities investment returns[18] - The company has developed a series of motion control products and holds numerous patents in areas such as engraving and laser cutting, emphasizing its commitment to R&D[26] - The total investment planned for the R&D center construction project is CNY 41.47 million, with a cumulative investment of CNY 36.36 million, representing 87.68% of the planned amount[34] Operational Risks and Management - The company is facing risks from intensified market competition and rising labor costs, which may impact future profitability and operational costs[21][22] - The company has faced operational management risks due to the expansion of its asset and personnel scale, which complicates its organizational structure[25] - The company has established a stable core management team and governance structure, but still faces risks in adapting its operational management systems[25] Project Updates - The servo driver project has achieved a completion rate of 68.12%, with a total investment of 53.71 million CNY, but has faced challenges in meeting expected returns[32] - The company’s marketing network construction project has reached a completion rate of 98.57%, with an investment of 29.93 million CNY[32] - The company has invested 100% of the funds allocated for the integrated controller product upgrade project, totaling 55.60 million CNY[32] Compliance and Standards - The company did not apply new revenue and leasing standards for the first quarter of 2020[63] - The first quarter report was not audited[63]