Financial Performance - The company's operating revenue for the first half of 2021 was ¥70,795,744.94, representing a 41.34% increase compared to ¥50,090,085.04 in the same period last year[21]. - The net profit attributable to shareholders was ¥92,904.47, a significant turnaround from a loss of ¥23,398,023.27 in the previous year, marking a 100.40% improvement[21]. - The basic earnings per share improved to ¥0.0006 from a loss of ¥0.1625, reflecting a 100.37% increase[21]. - The company reported a significant increase in inventory, which rose to CNY 80,374,039.50 from CNY 69,851,771.43, marking a 15.0% increase[182]. - The total profit for the first half of 2021 was -¥1,301,782.06, compared to -¥28,972,884.52 in the same period of 2020, indicating a reduction in losses[188]. - The company's gross profit margin improved, with operating costs rising to ¥56,796,084.01 from ¥41,337,926.17, reflecting a more efficient cost management strategy[190]. - The company reported a comprehensive income total of ¥82,490.84 for the first half of 2021, compared to a comprehensive loss of -¥23,452,429.67 in the same period of 2020[188]. Cash Flow - The net cash flow from operating activities decreased by 24.15% to ¥7,271,826.82 from ¥9,587,494.38 in the prior year[21]. - Operating cash inflow for the first half of 2021 was CNY 108,635,050.77, compared to CNY 71,595,374.87 in the same period of 2020, representing an increase of approximately 51.7%[195]. - Total cash inflow from investment activities was CNY 36,306,735.88, up from CNY 24,126,657.54 in H1 2020, marking a growth of approximately 50.5%[196]. - The net increase in cash and cash equivalents for H1 2021 was negative CNY 1,678,721.25, compared to negative CNY 22,660,620.04 in H1 2020, showing a reduction in cash outflow[196]. Assets and Liabilities - Total assets at the end of the reporting period were ¥597,229,637.40, a slight decrease of 0.41% from ¥599,685,248.37 at the end of the previous year[21]. - The total liabilities decreased from CNY 85,616,037.10 at the end of 2020 to CNY 83,077,935.29 as of June 30, 2021, a reduction of 2.0%[180]. - Accounts receivable decreased to 136,535,459.84, accounting for 22.86% of total assets, down from 23.94% the previous year[68]. - Inventory increased to 74,272,092.67, representing 12.44% of total assets, up from 10.67% the previous year[68]. Research and Development - The company invested ¥9,229,525.14 in research and development, a decrease of 27.65% compared to the previous year[63]. - Research and development expenses decreased to ¥7,703,157.12 from ¥10,308,270.64, suggesting a potential shift in focus towards operational efficiency[190]. - The company is actively pursuing research and development in 3D printing derivative businesses, particularly in the ceramic powder printing sector[49]. Strategic Initiatives - The company plans to focus on the development of new products, including inkjet printheads and 3D printers for sand mold printing[13]. - The company is currently planning a major asset restructuring involving the acquisition of 100% equity in Jinyun Technology[12]. - The company is actively promoting strategic development and has initiated a major asset restructuring process[39]. - The company plans to shift focus towards the development of MEMS printing heads, optimizing resource allocation for better market share[79]. Market Position and Industry Trends - The CTP industry is in a mature stage, with the company being one of the leading suppliers in the domestic market, having a significant market share[32]. - The 3D printing industry is entering a rapid growth phase, with expanding applications across various sectors, indicating substantial market potential[34]. - The company continues to maintain a high gross margin in the CTP segment, driven by the 256-channel laser valve technology[38]. Risks and Challenges - The company is facing risks related to new product development, particularly in achieving mass production and economic benefits[98]. - Aisukai Technology has a substantial accounts receivable risk due to its installment payment model, necessitating enhanced management strategies[99]. - The company is exposed to foreign exchange risks, particularly with USD settlements affecting pricing competitiveness and potential losses[100]. Corporate Governance - The company is focused on improving its corporate governance structure, enhancing decision-making mechanisms and risk prevention strategies[50]. - The company has not engaged in any derivative investments during the reporting period[90]. - There were no significant environmental violations or penalties reported during the period[110].

Financial Performance - The company's revenue for Q1 2021 was ¥25,941,264.45, representing a 33.99% increase compared to ¥19,360,059.47 in the same period last year[8] - The net profit attributable to shareholders was -¥2,025,842.69, a 66.64% improvement from -¥6,071,959.27 year-over-year[8] - The basic earnings per share were -¥0.0141, which is a 66.59% improvement from -¥0.0422 in the same period last year[8] - The company's operating revenue for Q1 2021 was CNY 25,941,264.45, a 33.99% increase compared to CNY 19,360,059.47 in the same period last year[18] - The net profit attributable to shareholders for Q1 2021 was CNY -2,026,823.43, an improvement of 66.62% from CNY -6,072,311.07 in the previous year[18] - The total comprehensive income for Q1 2021 was -¥2,030,358.90, compared to -¥6,083,781.64 in the previous year, indicating a significant decrease in comprehensive loss of about 66.7%[49] - The company's operating profit for Q1 2021 was -¥7,291,360.45, a slight improvement from -¥8,891,653.06 in the same quarter last year[52] - The company's total profit for Q1 2021 was -¥7,291,360.45, compared to -¥8,888,453.02 in the previous year, showing a reduction in total loss of about 17.9%[52] Cash Flow and Liquidity - The net cash flow from operating activities was ¥114,587.64, a significant turnaround from -¥3,324,005.44 in the previous year, marking a 103.45% increase[8] - Cash inflow from operating activities in Q1 2021 was ¥49,495,457.49, compared to ¥34,875,060.75 in Q1 2020, reflecting a growth of approximately 42.0%[55] - The company's cash and cash equivalents decreased to CNY 38,297,080.41 from CNY 51,913,284.24, representing a decline of about 26.3%[38] - The company's cash and cash equivalents increased to CNY 36,296,483.89 from CNY 33,377,139.23, reflecting a growth of approximately 8.6%[41] - The net cash flow from investment activities was 10,453,790.25 CNY, a recovery from -13,387,444.84 CNY in the previous year, showing improved investment returns[60] - The company experienced a net decrease in cash and cash equivalents of 13,616,205.92 CNY during the quarter, compared to a decrease of 21,256,004.03 CNY in the previous year[57] Assets and Liabilities - Total assets at the end of the reporting period were ¥592,006,323.33, a decrease of 1.28% from ¥599,685,248.37 at the end of the previous year[8] - The net assets attributable to shareholders were ¥501,448,722.73, down 0.40% from ¥503,478,100.89 at the end of the last year[8] - Accounts receivable financing decreased by 67.15% to CNY 908,647.91 due to lower credit risk from major state-owned banks[18] - Total liabilities decreased to CNY 79,967,470.96 from CNY 85,616,037.10, a decline of about 6.4%[41] - The company's non-current assets totaled CNY 296,148,147.01, down from CNY 306,093,028.49, a decrease of approximately 3.2%[39] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 7,391[12] - The largest shareholder, Zhangshu City Aishute Enterprise Management Co., Ltd., holds 34.12% of the shares[12] - The company did not engage in any repurchase transactions during the reporting period[13] Investment and Growth Strategy - The company is undergoing a major asset restructuring involving the acquisition of 100% equity in Jinyun Technology, which is still subject to regulatory approval[22] - The company is focusing on expanding its production lines and enhancing its operational efficiency[29] - New product development and technological advancements are prioritized to meet market demands[29] - The company is exploring market expansion opportunities and potential mergers and acquisitions[29] - Future guidance indicates a strategic shift towards sustainable growth and innovation[29] - The company aims to improve its financial performance through optimized resource allocation and investment strategies[29] Operational Performance - The company reported a significant increase in other income by 54.59% to CNY 1,462,539.52, mainly from government subsidies[18] - The company incurred research and development expenses of ¥3,292,118.94 in Q1 2021, slightly down from ¥3,385,502.06 in the same period last year[51] - The company reported a credit impairment loss of -¥1,302,615.26 in Q1 2021, which is an improvement from -¥2,265,971.42 in Q1 2020[52] - The company reported no violations regarding external guarantees or non-operating fund occupation by major shareholders during the reporting period[32][33] Fundraising and Investment Projects - The total amount of raised funds for the current period is 1.889 billion, with a total investment amount of 2.66 billion[29] - Cumulative raised funds for the company reached 1.470 billion, with a total investment amount of 1.809 billion[29] - The percentage of cumulative raised funds used for different purposes is 77.81%[29] - The company has committed to investment projects with a total investment amount of 1.0 billion, with a completion rate of 0%[29] - The balance of the fundraising account for the MEMS print head production line project was CNY 362,800 as of December 31, 2020, with CNY 266,600 paid for project quality assurance during the reporting period[36] - The company generated interest income of CNY 96,000 from the fundraising account, which was transferred to its own funds account on March 17, 2021[36]

Financial Performance - The company's operating revenue for the reporting period was CNY 136.44 million, a decrease of 17.26% compared to CNY 164.89 million in the same period last year[4]. - The net profit attributable to shareholders for the reporting period was -CNY 12.15 million, down 310.59% from CNY 5.77 million in the same period last year, primarily due to the impact of the COVID-19 pandemic[4]. - The company's operating revenue for 2020 was ¥136,439,924.92, a decrease of 17.26% compared to ¥164,893,657.61 in 2019[19]. - The net profit attributable to shareholders was -¥12,146,417.02 in 2020, representing a decline of 310.59% from ¥5,767,800.51 in 2019[19]. - The company reported a basic earnings per share of -¥0.0844 for 2020, down 310.47% from ¥0.0401 in 2019[19]. - The company reported a net profit margin of -2.38% for 2020, down from 1.12% in 2019[19]. - The company achieved a net profit of approximately CNY 30.82 million, representing a year-on-year increase of 16.5%[110]. Revenue and Sales - The company collected approximately CNY 27 million in the fourth quarter, representing about 31% of the total collections for 2020[5]. - The new 256-channel Aurora 3 model contributed over 30% of total revenue from CTP sales during the reporting period[53]. - Equipment sales revenue accounted for ¥128,124,468.12, representing 93.91% of total revenue, down 17.30% from ¥154,918,894.23 in 2019[62]. - Revenue from overseas regions was ¥48,647,295.25, down 19.27% from ¥60,262,843.31 in 2019, accounting for 35.65% of total revenue[62]. - The company reported a significant increase in equipment rental income, highlighting a potential area for future growth[65]. Operational Efficiency and Strategy - The company plans to optimize its business lines and improve operational efficiency through measures such as relocating production bases[6]. - The company is actively developing and laying out its 3D printing derivative business in ceramic powder printing, aiming to accelerate the application of 3D printing in the ceramic art industry[6]. - The company is focusing on expanding its market presence through innovative product development and strategic partnerships[75]. - The company aims to maintain a manufacturing tolerance of less than 2.3% for its products, ensuring high reliability[75]. - The company is committed to enhancing its production line automation to improve overall operational efficiency and reduce costs[78]. Research and Development - The company has a strong talent pool with expertise in optics, precision manufacturing, electronic circuits, automatic control, and software development, ensuring robust technical support for ongoing development[42]. - The company is investing $200 million in new technology to improve production efficiency, aiming for a 15% reduction in operational costs[79]. - R&D investment in 2020 amounted to ¥23,595,589.79, representing 17.29% of total revenue, an increase from 16.07% in 2019[80]. - The company is developing a new 1024-channel piezoelectric inkjet printhead for market release, enhancing its product offerings[114]. - The company is committed to utilizing raised funds effectively to support its ongoing projects and technological advancements[94]. Market Expansion - The company is expanding its overseas sales network, covering over 50 countries and regions, with a strong presence in Asia and Latin America[43]. - The company plans to expand its market presence in Asia, targeting a 25% increase in market share by the end of the fiscal year[79]. - The company aims to increase its market share through partnerships with distributors and further expand its overseas market presence, particularly for new products[130]. - The company is exploring potential acquisitions to enhance its product offerings and market reach, with a budget of $500 million allocated for this purpose[129]. Asset Restructuring - The company is undergoing a major asset restructuring, which requires approval from regulatory authorities[7]. - The company is currently undergoing a significant asset restructuring involving the acquisition of 100% equity in Pengcheng Jinyun Technology Co., Ltd.[121]. - The company received a notice from the Shenzhen Stock Exchange on December 17, 2020, confirming the acceptance of the restructuring application documents[153]. - The company has announced a temporary suspension of trading due to the planning of significant asset restructuring on May 6, 2020[167]. Corporate Governance and Compliance - The company is continuously improving its corporate governance structure to enhance operational standards and protect shareholder interests[59]. - The company has fulfilled all commitments made by actual controllers, shareholders, and related parties during the reporting period[126]. - The company has maintained compliance with its commitments regarding shareholding and transfer restrictions since its initial public offering[126]. - The company has not disclosed any significant equity investment situations during the reporting period[92]. Future Outlook - The company provided guidance for the next quarter, expecting revenue to be between $1.6 billion and $1.8 billion, indicating a growth of 10% to 20%[79]. - Future outlook includes continued investment in R&D to maintain competitive advantages in the industry[78]. - The company has outlined a future outlook with a revenue target of 1.5 billion yuan for the next fiscal year, indicating a projected growth of 22%[102]. - The company aims to maintain a minimum profit distribution ratio of 80% during its mature phase[130].

Financial Performance - Operating revenue for the reporting period was ¥39,525,057.66, representing a year-on-year increase of 3.84%, while revenue for the year-to-date period decreased by 27.59% to ¥89,615,142.70[8] - Net profit attributable to shareholders for the reporting period was ¥13,581,757.00, a significant increase of 1,537.44% compared to the same period last year[8] - The basic earnings per share for the reporting period was ¥0.0943, reflecting a year-on-year increase of 1,525.86%[8] - Total operating revenue for Q3 2020 was CNY 39,525,057.66, an increase from CNY 38,064,915.09 in the previous period[42] - Net profit for Q3 2020 reached CNY 13,580,972.71, significantly up from CNY 828,048.59 in the same period last year[44] - Earnings per share (EPS) for Q3 2020 was CNY 0.0943, compared to CNY 0.0058 in the previous year[45] - The company’s total profit for the quarter was CNY 6,160,560.60, compared to a total loss of CNY 8,224,453.42 in the previous year[50] Assets and Liabilities - Total assets at the end of the reporting period reached ¥591,844,052.83, an increase of 0.45% compared to the end of the previous year[8] - The company's net assets attributable to shareholders decreased by 2.05% to ¥505,811,971.65 compared to the end of the previous year[8] - Total liabilities increased to CNY 75,440,109.60 from CNY 62,221,851.50, marking an increase of approximately 21.3%[36] - Total assets amounted to CNY 654,446,901.47, a slight decrease from CNY 664,147,584.98[40] - Total liabilities increased to CNY 193,841,002.85 from CNY 176,802,436.00[40] - Owner's equity decreased to CNY 460,605,898.62 from CNY 487,345,148.98[40] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥19,296,488.13, showing a decrease of 630.30% compared to the previous year[8] - Operating cash flow net amount improved to ¥19,296,488.13, a significant increase from -¥3,638,761.71, due to the return of land funds and increased government subsidies[18] - Cash inflow from operating activities was 131,807,265.89 CNY, down 19.5% from 163,673,679.28 CNY in Q3 2019[59] - The net cash flow from operating activities improved to 19,296,488.13 CNY, compared to a net outflow of -3,638,761.71 CNY in Q3 2019[59] - Cash outflow from investing activities was 75,038,105.96 CNY, a decrease from 535,662,791.99 CNY in the previous year, indicating reduced investment spending[60] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,993[12] - The largest shareholder, Ningbo Meishan Bonded Port Area Aisute Investment Co., Ltd., held 34.12% of the shares, totaling 49,136,580 shares[12] Investment and Acquisitions - The company plans to conduct a major asset swap and issue shares to acquire 100% of Pengcheng Jinyun Technology Co., Ltd., with a total transaction value of ¥254,600.00 million[19] - The asset swap will involve the exchange of assets valued at ¥54,600.00 million, with the difference of ¥200,000 million to be settled through a combination of cash and shares[21] - The company aims to raise up to ¥1 billion through a private placement to fund the acquisition and related expenses[21] - The company has signed a major asset restructuring agreement with relevant parties and is progressing with the necessary preparations[24] Other Financial Metrics - The weighted average return on net assets for the reporting period was 2.72%, a decrease of 1.92% compared to the previous year[8] - Non-recurring gains and losses for the year-to-date period totaled ¥4,617,262.51, primarily driven by government subsidies and other income[10] - Research and development expenses were CNY 17,998,933.52, slightly up from CNY 17,930,368.94 year-over-year[50] - The company incurred a credit impairment loss of CNY 13,637,059.09, compared to CNY 3,788,293.88 in the previous year[51]

Asset Restructuring - The company reported a significant asset restructuring plan involving the acquisition of 100% equity in Jinyun Technology, which is subject to board and shareholder approval, as well as regulatory registration[6]. - The company is undergoing a major asset restructuring, including asset swaps and the acquisition of 100% equity in Jinyun Technology[55]. - The restructuring includes asset swaps and is classified as a related party transaction, with the controlling shareholders expected to change post-restructuring[115]. - The board approved the restructuring plan on May 19, 2020, during the 16th meeting of the third board of directors and the 14th meeting of the third supervisory board[116]. - The company announced a major asset restructuring plan on May 6, 2020, involving the acquisition of 100% equity in Jinyun Technology through a combination of share issuance and cash payment[115]. Financial Performance - The company's operating revenue for the reporting period was ¥50,090,085.04, a decrease of 41.55% compared to ¥85,693,272.66 in the same period last year[25]. - The net profit attributable to shareholders was -¥23,398,023.27, representing a decline of 361.09% from ¥8,961,827.01 in the previous year[25]. - The net cash flow from operating activities was ¥9,587,494.38, a significant improvement from -¥8,931,404.90 in the same period last year, marking a change of -207.35%[25]. - The total assets at the end of the reporting period were ¥566,536,533.02, down 3.85% from ¥589,221,375.85 at the end of the previous year[25]. - The company reported a total revenue of 20.85 billion, with a net profit of 1.9 billion, reflecting a 9.4% increase year-over-year[81]. - The net profit after deducting non-recurring gains and losses was -23.17 million yuan, down 474.56% from the previous year[54]. - The company reported a significant increase in financial expenses by 298.09% to -¥658,899.49, primarily due to foreign exchange losses[63]. - The company reported a total of 3,400 million CNY in entrusted financial management during the reporting period[88]. Product Development and Innovation - The company is focusing on new product development, particularly in high-tech areas, but faces uncertainties regarding the timeline for mass production and economic benefits[8]. - The company is developing new products, including the Storm S800 and S2000 3D printers, which utilize inkjet printing technology[16]. - The company launched the S2000 model as part of its 3D sand printing equipment, indicating a focus on expanding its product offerings in the 3D printing sector[33]. - The company has achieved significant technological advancements, including multiple patented technologies in industrial inkjet print heads[45]. - The company is focusing on technological advancements in its CTP products, enhancing precision, efficiency, and environmental sustainability[36]. - The company has allocated 2 billion for research and development in innovative product lines, aiming to launch three new products in the next year[81]. Market and Competitive Position - The CTP industry is entering a mature phase, with the company positioned as a leading supplier in the domestic market, competing with international counterparts[36]. - The 3D printing industry is currently in an accelerated growth phase, with significant market potential and expanding applications across various sectors[40]. - The company is focusing on expanding its market presence and enhancing its product offerings in the upcoming quarters[196]. - The company plans to expand its market presence in Asia, targeting a 10% increase in market share by the end of the fiscal year[81]. - Future outlook includes potential mergers and acquisitions to enhance competitive positioning in the market[83]. Financial Management and Investments - The company is committed to using the raised funds effectively to ensure the quality of construction projects and compliance with regulations[83]. - The company has not yet utilized the remaining raised funds, which are currently held in a dedicated account[84]. - The investment in the printing head production line is expected to yield significant benefits, with a projected return on investment of 20%[85]. - The company is focusing on optimizing resource allocation and controlling costs during the project implementation process[83]. - The company is actively monitoring the performance of its investment projects and making adjustments as necessary[86]. Shareholder and Equity Information - The company does not plan to distribute cash dividends or issue bonus shares for the reporting period[11]. - The company distributed dividends amounting to ¥720,000.00 during the reporting period, compared to ¥4,528,524.51 in the previous year, indicating a significant reduction in dividend payouts[193]. - The total number of shares after the change is 144,000,000, with 143,999,055 shares being unrestricted and 945 shares being restricted[147]. - The largest shareholder, Ningbo Meishan Bonded Port Area Aisuke Investment Co., Ltd., holds 34.12% of the shares, totaling 49,136,580 shares[152]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[154]. Risk Management and Compliance - The company is committed to maintaining transparency and accuracy in its financial reporting, as stated by its management team[4]. - The company has reported no major litigation or arbitration matters during the reporting period[108]. - The company did not have any penalties or rectification situations during the reporting period[109]. - The company strictly adhered to legal regulations regarding the storage, use, and management of the raised funds, with no violations reported[78]. - There were no environmental pollution incidents or violations during the reporting period, reflecting the company's commitment to environmental protection[141].

Financial Performance - The company's operating revenue for 2019 was ¥164,893,657.61, a decrease of 5.18% compared to ¥173,900,336.44 in 2018[5]. - The net profit attributable to shareholders for 2019 was ¥5,767,800.51, down 77.33% from ¥25,443,343.08 in 2018[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥2,601,708.72, a decline of 86.19% from ¥18,837,509.33 in 2018[5]. - The net cash flow from operating activities was ¥8,982,243.36, a decrease of 71.56% compared to ¥31,584,343.07 in 2018[5]. - The total assets at the end of 2019 were ¥589,221,375.85, an increase of 0.87% from ¥584,124,973.01 at the end of 2018[5]. - The company reported a basic earnings per share of ¥0.0401 for 2019, down 77.31% from ¥0.1767 in 2018[5]. - The weighted average return on net assets was 1.12% in 2019, a decrease of 3.94% from 5.06% in 2018[5]. - The company achieved operating revenue of 164.89 million yuan, a decrease of 5.18% compared to the previous year[56]. - Net profit attributable to shareholders was 5.77 million yuan, down 77.33% year-on-year, primarily due to reduced gross profit and increased operating costs[50]. - The company reported a revenue of $200 million, representing a 45% decrease year-over-year[89]. - The company reported a revenue of $1.2 billion for the fiscal year 2019, representing a 15% increase compared to the previous year[90]. - The company reported a revenue increase of 25% year-over-year, reaching $1.5 billion in the latest quarter[72]. - The company reported a significant revenue growth of 25% year-over-year, reaching $1.5 billion in total revenue for the fiscal year 2019[132]. Market Expansion and Strategy - The company aims to enhance its market presence and expand its business operations, although specific figures on market expansion were not disclosed[5]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by 2025[70]. - The company is expanding its market presence in Europe, targeting a 10% market share by the end of the fiscal year[72]. - The company plans to expand its market presence in Asia, targeting a 30% increase in market share within the next two years[103]. - The company is exploring potential acquisitions to enhance its product offerings and market reach, with a focus on strategic partnerships[100]. - The company is exploring potential acquisitions to enhance its product offerings and market reach, with a budget of $100 million earmarked for potential deals[128]. - The company is expanding its market presence in Asia, targeting a 20% increase in market share by the end of the year[125]. - The company is expanding its market presence in Asia, targeting a 10% market share increase by the end of the year[129]. Research and Development - The company is focusing on developing new products, including inkjet printheads and 3D printers for sand mold printing, which are expected to be key future offerings[14]. - The company has a strong technical advantage with multiple patented technologies, including a breakthrough in 256-channel laser modulation technology for high-precision printing[42]. - Research and development investments increased by 15% year-over-year, focusing on advanced technology and product innovation[70]. - The company is investing $50 million in R&D for new technologies over the next two years[72]. - The company is investing heavily in R&D, allocating $500 million towards the development of new technologies and products[91]. - The company is investing $50 million in research and development to drive innovation in its product line[132]. - The company has made significant investments in research and development, optimizing resource allocation to improve production efficiency[101]. - The company has allocated 200 million yuan for research and development in the upcoming year, focusing on innovative solutions[103]. Risk Management - The company reported a significant risk in new product development due to high technical barriers, which may lead to delays in achieving mass production and economic benefits[5]. - Accounts receivable have increased significantly, posing a risk of bad debts; the company plans to strengthen collection efforts to mitigate this risk[6]. - The company faces foreign exchange risks as its overseas business primarily settles in USD, which could impact product pricing competitiveness and lead to exchange losses[8]. - The company is actively managing its receivables to minimize risks associated with increasing amounts due to ongoing business growth[6]. - The company is continuously improving its corporate governance structure to enhance operational standards and protect shareholder interests[53]. Financial Management and Governance - The profit distribution plan approved by the board includes a cash dividend of RMB 0.05 per 10 shares, based on a total of 144,000,000 shares[8]. - The board of directors has confirmed that all members attended the meeting to discuss the annual report, ensuring collective responsibility for its content[4]. - The company has a strong commitment to ensuring the accuracy and completeness of its financial reports, as stated by its management[3]. - The company is continuously improving its corporate governance structure to enhance operational standards and protect shareholder interests[53]. - The company has maintained transparency in its shareholding and transfer activities as per the commitments made[122]. Operational Efficiency - The company achieved a significant improvement in automation, reducing production time for small batch manufacturing by 30%[70]. - The company reported a 5% increase in overall production efficiency due to recent technological upgrades[70]. - The company plans to enhance its production capacity for digital printing heads, aiming to increase market share in this segment[101]. - The company is implementing new strategies to enhance operational efficiency, aiming for a 5% reduction in costs[31]. - The company reported a significant improvement in operational efficiency, reducing costs by 8% over the past year[186]. Customer Engagement and Satisfaction - User data indicates a 40% increase in customer engagement with the new automated systems implemented in Q4 2023[70]. - Customer satisfaction ratings have improved by 5% following recent service enhancements[89]. - The company has launched a new software platform, which is expected to increase customer retention by 25%[124]. - Customer satisfaction ratings improved to 90%, reflecting the effectiveness of recent service enhancements[125]. Acquisitions and Partnerships - A strategic acquisition of a local tech firm is anticipated to enhance the company's capabilities in automation and software development, expected to close by Q3 2024[70]. - A strategic acquisition of a competitor was completed, expected to enhance the company's technology capabilities and market reach[72]. - The company is exploring partnerships with three new distributors to increase product availability[89]. - A strategic acquisition of a smaller tech firm is in progress, aimed at enhancing the company's technological capabilities and product offerings[102]. Compliance and Legal Matters - The company has ensured compliance with commitments made regarding share transfers and has not violated any commitments during the reporting period[122]. - The company has not faced any penalties or violations related to its commitments during the reporting period[122]. - The company confirmed that there were no accounting estimate changes or prior period accounting errors during the reporting period[141][142]. - There were no significant lawsuits or arbitration matters during the reporting period[146].

Financial Performance - Total revenue for Q1 2020 was ¥19,360,059.47, a decrease of 38.76% compared to ¥31,613,903.66 in the same period last year[7] - Net profit attributable to shareholders was -¥6,071,959.27, representing a 251.50% increase in losses compared to -¥1,727,450.17 in Q1 2019[7] - Basic and diluted earnings per share were both -¥0.0422, reflecting a 251.67% increase in losses compared to -¥0.0120 in Q1 2019[7] - The company's operating revenue for the reporting period was CNY 19.36 million, a decrease of 38.76% compared to the same period last year[17] - The net profit attributable to shareholders was CNY -6.072 million, representing a decline of 251.50% year-on-year, primarily due to the impact of the COVID-19 pandemic[17] - The total profit for Q1 2020 was a loss of CNY 5,903,396.61, compared to a loss of CNY 1,905,197.95 in the previous year[41] - The total comprehensive income for Q1 2020 was a loss of CNY 6,083,781.64, compared to a loss of CNY 1,611,647.47 in the previous year[42] Cash Flow - The net cash flow from operating activities was -¥3,324,005.44, an improvement of 83.86% from -¥20,589,061.75 in the previous year[7] - The cash flow from operating activities generated a net increase of 3,076,376.46 CNY, with cash inflow of 3,077,000.00 CNY and outflow of 623.54 CNY[49] - The company experienced a decrease in cash inflow from operating activities, totaling CNY 34,875,060.75, down from CNY 46,654,930.61 in the previous period[48] - The company reported a total cash inflow from operating activities of 29,234,728.84 CNY, a decrease of 45.0% compared to 53,258,851.93 CNY in the previous period[52] - The cash and cash equivalents decreased by 21,256,004.03 CNY during the period, compared to a decrease of 67,542,093.59 CNY in the previous period[49] Assets and Liabilities - Total assets at the end of the reporting period were ¥577,386,428.21, a decrease of 2.01% from ¥589,221,375.85 at the end of the previous year[7] - Net assets attributable to shareholders decreased by 1.18% to ¥510,323,505.46 from ¥516,406,935.30 at the end of the previous year[7] - Current assets decreased to CNY 333,052,497.39 from CNY 343,225,791.06, reflecting a decline of 2.5%[37] - Total liabilities decreased to CNY 173,150,129.87 from CNY 176,802,436.00, a reduction of 1.5%[38] - Owner's equity totaled CNY 478,445,225.39, down from CNY 487,345,148.98, reflecting a decrease of 1.8%[38] Shareholder Information - The total number of shareholders at the end of the reporting period was 12,519, with the top 10 shareholders holding a combined 58.69% of shares[11] - The largest shareholder, Ningbo Meishan Bonded Port Area Aisute Investment Co., Ltd., held 34.12% of shares, amounting to 49,136,580 shares[11] Operational Changes - The company plans to enhance its market promotion of new products to improve its risk resistance capabilities amid ongoing pandemic challenges[19] - The company is restructuring its marketing service network, reducing the number of planned service points from 8 to 3 in major cities[24] - The company has achieved 100% completion of its R&D center construction project, with an investment of CNY 747.16 million[22] - The company has established a systematic R&D design platform for equipment production technology, focusing on various sub-departments including optical research and software development[24] Cost Management - Sales expenses decreased by 42% to CNY 3.28 million, attributed to reduced marketing activities during the reporting period[16] - The company's sales expenses were CNY 3,282,893.39, down from CNY 5,677,993.28 in the previous year, indicating cost-cutting measures[41] - The company has effectively controlled project costs, leading to a reduction in overall investment amounts for its projects[25] Investment and Fund Utilization - The total amount of raised funds utilized in the reporting period was CNY 655.29 million, with a cumulative investment of CNY 17.30 million[22] - The company plans to shift its focus from the "CTP Equipment Production Construction Project" to the "MEMS Print Head Production Line Construction Project" to better utilize raised funds and enhance market share in print head production[24] - The company has identified a surplus of 1,516.94 million in raised funds from the "MEMS Print Head Production Line Construction Project," which will be permanently allocated to supplement working capital[25] Compliance and Auditing - The company did not engage in any repurchase transactions during the reporting period[12] - The company did not undergo an audit for the first quarter report[54] - The company has not applied new revenue and leasing standards for the current year[54]

Financial Performance - Operating revenue for the reporting period was ¥38,064,915.09, down 22.88% year-on-year[8] - Net profit attributable to shareholders was ¥829,451.62, a decline of 89.92% compared to the same period last year[8] - Basic earnings per share were ¥0.0058, down 89.84% year-on-year[8] - The weighted average return on net assets was 0.16%, a decrease of 1.48% compared to the previous year[8] - The company reported a net profit attributable to shareholders after deducting non-recurring gains and losses of ¥667,981.90, down 90.42% year-on-year[8] - The company's total revenue from January to the end of the reporting period was CNY 123,758,187.75, slightly down from CNY 125,665,725.59 in the previous year[43] - The company's operating revenue for Q3 2019 was ¥123,811,750.45, a decrease of 1.4% from ¥125,598,054.85 in the previous year[48] - The net profit for Q3 2019 was ¥9,777,974.21, down 46.4% from ¥18,252,422.29 in the same period last year[49] - The total profit for Q3 2019 was ¥9,909,807.21, a decline of 54.3% compared to ¥21,735,522.78 in Q3 2018[49] - The basic and diluted earnings per share for Q3 2019 were both ¥0.0680, down from ¥0.1268 in the previous year[46] Cash Flow and Assets - Cash flow from operating activities showed a net outflow of ¥3,638,761.71, a decline of 118.86% year-on-year[8] - Cash and cash equivalents decreased by 77.29% to ¥27,951,046.55 from ¥123,057,665.94 due to the purchase of financial products[17] - The total cash inflow from operating activities for Q3 2019 was 174,279,779.69 CNY, compared to 193,424,765.07 CNY in the same period last year, showing a decline of about 9.8%[57] - The total cash flow from operating activities for the year-to-date period was 16,247,875.19 CNY, a decrease from 38,290,206.16 CNY in the previous year, reflecting challenges in operational efficiency[57] - The cash flow from investment activities for the year-to-date period showed a net outflow of -57,637,905.72 CNY, compared to -20,813,516.63 CNY in the previous year, highlighting increased investment expenditures[57] - The cash and cash equivalents at the end of Q3 2019 stood at 27,348,270.47 CNY, down from 82,751,439.93 CNY at the end of Q3 2018, reflecting a decrease of approximately 67% year-over-year[54] Shareholder Information - The total number of shareholders at the end of the reporting period was 10,483[12] - The largest shareholder, Ningbo Meishan Free Trade Port Area Aisute Investment Co., Ltd., held 34.12% of the shares[12] - The company did not conduct any repurchase transactions during the reporting period[13] Investment and Expenses - Investment income decreased by 105.99% to -¥163,503.52 from ¥2,730,177.11, impacted by the performance of joint ventures and reduced financial income[17] - Research and development expenses for Q3 2019 were CNY 6,033,007.83, down from CNY 6,966,216.61 in the previous period[36] - The company's R&D expenses for Q3 2019 were CNY 3,067,902.72, a decrease of 44.5% from CNY 5,530,659.56 in the same period last year[40] - The company incurred a credit impairment loss of ¥3,788,293.88, compared to ¥3,512,170.12 in the previous year, reflecting an increase of 7.8%[49] Changes in Assets and Liabilities - Total assets at the end of the reporting period were ¥582,595,051.28, a decrease of 0.26% compared to the end of the previous year[8] - Accounts receivable increased by 277.92% to ¥7,502,023.44 from ¥1,985,062.50 as a result of bank acceptance bills received but not yet paid[17] - Other current assets rose by 141.81% to ¥60,224,987.72 from ¥24,905,930.07 primarily due to the purchase of financial products[17] - Construction in progress increased by 131.46% to ¥60,933,022.86 from ¥26,325,480.77 due to increased investment in fundraising projects[17] - The total liabilities decreased to CNY 184,595,658.28 from CNY 156,707,314.39 in the previous period[33] - Deferred income tax liabilities decreased to CNY 986,392.95 from CNY 1,131,940.15[33] Other Income and Expenses - Other income increased by 31.18% to ¥6,402,871.60 from ¥4,880,982.24, primarily due to increased government subsidies received[17] - Financial expenses decreased by 45.15% to -¥1,127,109.43 from -¥2,054,803.77, mainly due to reduced exchange loss[17] - The company reported a net loss from investments of CNY 211,342.92, contrasting with a gain of CNY 1,432,505.13 in the previous period[36] - The income tax expense for Q3 2019 was ¥131,833.00, significantly lower than ¥3,483,100.49 in Q3 2018, indicating a decrease of 96.2%[49] Strategic Decisions - The company decided to terminate the 2019 restricted stock incentive plan due to market conditions and future development plans[19]

Financial Performance - Total revenue for the reporting period was ¥85,693,272.66, an increase of 12.30% compared to ¥76,309,061.59 in the same period last year[21]. - Net profit attributable to shareholders decreased by 10.62% to ¥8,961,827.01 from ¥10,026,589.93 year-on-year[21]. - Net profit after deducting non-recurring gains and losses fell by 19.33% to ¥6,185,626.49 compared to ¥7,668,190.54 in the previous year[21]. - Basic and diluted earnings per share decreased by 10.63% to ¥0.0622 from ¥0.0696 year-on-year[21]. - The company reported a total profit for the first half of 2019 of ¥9,445,854.78, down from ¥12,314,981.50 in the first half of 2018, reflecting a decline of 23.5%[165]. - The company reported a comprehensive income loss of 4,764,881.16 CNY for the current period[187]. Cash Flow - The net cash flow from operating activities was negative at -¥8,931,404.90, a decline of 141.96% from ¥21,287,181.05 in the same period last year[21]. - The cash inflow from operating activities totaled 120,240,764.25 CNY in the first half of 2019, compared to 137,138,584.91 CNY in 2018, reflecting a decrease of about 12%[176]. - The company experienced a net decrease in cash and cash equivalents of -86,066,909.14 CNY in the first half of 2019, compared to -4,429,703.42 CNY in the same period of 2018, indicating a worsening cash position[174]. - Cash and cash equivalents at the end of the first half of 2019 stood at 34,521,950.31 CNY, down from 64,806,789.95 CNY at the end of the first half of 2018, reflecting a decrease of approximately 47%[174]. Investment and R&D - R&D expenses increased by 7.33% to RMB 11.90 million, reflecting the company's commitment to innovation[54]. - The company is focusing on the development of new products, including inkjet printing technology and 3D printers for sand mold printing, which are expected to be key future offerings[13]. - The company successfully launched mass production sales of the 3D sand printing machine, particularly the S2000 model, which boasts high printing efficiency and large output[48]. Risks and Management - The company reported significant risks in new product development due to high technical barriers, which may lead to delays in achieving mass production and economic benefits[5]. - The accounts receivable amount is substantial, and the company is implementing stricter management to mitigate bad debt risks, which could impact operational performance[6]. - The company is facing foreign exchange risks as its overseas business primarily settles in USD, which could affect pricing competitiveness and lead to exchange losses[7]. Shareholder Information - The company does not plan to distribute cash dividends or issue bonus shares, indicating a focus on reinvestment[8]. - The total number of shares is 144,000,000, with 34.12% being restricted shares and 65.88% being unrestricted shares[136]. - The largest shareholder, Ningbo Meishan Bonded Port Area Aisute Investment Co., Ltd., holds 34.12% of shares, totaling 49,136,580 shares, with 25,940,000 shares pledged[139]. Market Position and Strategy - The company is positioned as a leading supplier in the domestic CTP market, with a comprehensive product line and a strong brand presence[28]. - The company is actively working on expanding its market presence and enhancing its product offerings to drive future growth[5]. - The company aims to enhance its market presence through strategic expansions and new product developments[182]. Assets and Liabilities - Total assets at the end of the reporting period were ¥586,787,803.43, a slight increase of 0.46% from ¥584,124,973.01 at the end of the previous year[21]. - Total liabilities decreased to CNY 61,026,453.08 from CNY 67,235,174.61, a reduction of approximately 9.8%[157]. - The company's total assets included cash and cash equivalents of RMB 37,161,124.26, which decreased by 5.58% compared to the previous year[60]. Corporate Governance - The company’s management is committed to ensuring the accuracy and completeness of the financial report, with key personnel affirming its integrity[3]. - The company has not reported any changes in its registered address or contact information during the reporting period, maintaining consistency in its operations[18]. - The financial statements are prepared based on the assumption of going concern and comply with the latest accounting standards issued by the Ministry of Finance[198].

Financial Performance - The company's operating revenue for 2018 was ¥173,900,336.44, a decrease of 3.49% compared to ¥180,187,839.78 in 2017[20]. - Net profit attributable to shareholders for 2018 was ¥25,443,343.08, down 30.63% from ¥36,680,334.40 in 2017[20]. - The net profit after deducting non-recurring gains and losses was ¥18,837,509.33, a decline of 34.42% from ¥28,726,220.90 in 2017[20]. - The total assets at the end of 2018 were ¥584,124,973.01, an increase of 6.95% from ¥546,171,308.25 at the end of 2017[20]. - The company reported a weighted average return on equity of 5.06% for 2018, down from 7.61% in 2017[20]. - The net cash flow from operating activities for 2018 was ¥31,584,343.07, a decrease of 8.49% from ¥34,515,028.15 in 2017[20]. - The basic earnings per share for 2018 were ¥0.1767, a decrease of 30.62% from ¥0.2547 in 2017[20]. - The total sales amount from the top five customers reached ¥131,190,435.88, representing 75.44% of the annual sales total[63]. - The overseas revenue accounted for 45.76% of total revenue, amounting to ¥79,570,735.58, a slight decrease of 0.72% from the previous year[54]. Dividend Distribution - The company reported a cash dividend of 0.35 RMB per 10 shares (including tax) based on 144,000,000 shares[8]. - The cash dividend for 2018 represents 19.81% of the net profit attributable to the parent company, which is RMB 25,443,343.08[117]. - In 2017, the company distributed cash dividends totaling RMB 15,200,000, which was 41.44% of the net profit[117]. - The company did not distribute any cash dividends in 2016[117]. - The cash dividend policy is in compliance with the company's articles of association and has been transparently executed[113]. - The cash dividend amount for 2018 is fully covered by the distributable profits of RMB 209,668,791.70[116]. - The remaining undistributed profits will be carried forward to future years[114]. - The company has maintained a complete decision-making process for profit distribution, ensuring shareholder interests are protected[112]. Risk Management - The company faces risks related to new product development due to high technical barriers and uncertainties in achieving mass production[5]. - Accounts receivable have increased significantly, posing a risk of bad debts, prompting the company to enhance receivables management[6]. - The company is exposed to foreign exchange risks, particularly with USD settlements affecting product pricing and potential exchange losses[8]. - The company has a comprehensive strategy to mitigate risks associated with receivables and foreign exchange fluctuations[6][8]. Product Development and Innovation - The company is focusing on the development of new products, including inkjet printheads and 3D printers for sand mold printing[13]. - The company aims to strengthen its market position through technological advancements and product innovation[5]. - The company launched the 3D sand printing equipment, Aisikai Storm S800, during the reporting period[29]. - The company launched the Storm S800 sand-type 3D printer in May 2018 and conducted commercial testing of its piezoelectric print head[45]. - The company is currently developing several advanced projects, including the "Zhi Jie 800 III CTP" system, which has achieved international advanced standards[68]. - The company is focusing on expanding its market presence through new product development and strategic partnerships[69]. - The company achieved a build speed of 127L/h for the Storm S2000 sand 3D printer, with a forming precision of ±0.3mm[74]. - The Storm S4000 sand 3D printer has a build speed of 500L/h and a forming precision of ±0.5mm[74]. Operational Efficiency - The company is committed to enhancing its operational efficiency and financial performance through improved management practices[6]. - The company has a strong talent pool with 95 R&D personnel specializing in various fields, enhancing its technological capabilities[37]. - The company has established a domestic sales network covering all provinces except Tibet and an overseas network in over 50 countries[40]. - The company’s service team provides a rapid service system, ensuring efficient customer support and enhancing client trust[41]. - The company improved the production process for commercial batch production of print heads, significantly enhancing glue improvement and part processing precision and efficiency[53]. Financial Management - The company has a comprehensive sales model combining distribution, direct sales, and operating leases for domestic sales of CTP products[30]. - The company is committed to enhancing its governance structure and internal control systems to improve operational standards and protect shareholder interests[51]. - The company increased its R&D expenses to ¥25,770,478.98, a rise of 32.59% compared to the previous year, reflecting a commitment to innovation[67]. - The sales expenses rose by 31.05% to ¥24,798,558.52, primarily due to increased market promotion efforts[67]. - The company reported a significant decrease in financial expenses, which turned from a cost of ¥3,614,974.22 in 2017 to a gain of ¥1,809,403.45 in 2018, a change of -150.05%[67]. Corporate Governance - The company emphasizes the importance of accurate financial reporting and compliance with regulatory standards[3]. - The company has committed to supporting profit distribution and will vote in favor of cash distributions considering the company's development status[127]. - The company will disclose profit distribution plans and the use of retained earnings in regular reports[127]. - The board of directors may propose interim dividends based on the company's funding needs[127]. - The company has maintained compliance with all regulatory requirements regarding shareholding and stock price stability measures[121]. Subsidiaries and Investments - The company established two new subsidiaries: Guangzhou Aiweite Technology Co., Ltd. with a registered capital of ¥14.28 million and Hefei Teze Information Technology Co., Ltd. with a registered capital of ¥5 million[62]. - The company acquired land use rights for a total area of 12,516 square meters in Hangzhou for CNY 6.59 million to build a production line for digital plate-making machines and industrial piezoelectric print heads[47]. - The company plans to invest a total of RMB 600 million in the 3D printing shared center project in Luoyang High-tech Zone, with an initial investment of RMB 35 million[155]. Compliance and Legal Matters - The company has not faced any penalties or rectification issues during the reporting period[142]. - The company has not engaged in any related party transactions during the reporting period[144]. - The company has not reported any significant contracts during the reporting period[174]. - The company has complied with environmental protection regulations and has not faced any pollution incidents[178].