Financial Performance - Total revenue for Q1 2019 was ¥31,613,903.66, a decrease of 0.77% compared to ¥31,857,746.61 in the same period last year[7] - Net profit attributable to shareholders was -¥1,727,450.17, representing a decline of 169.60% from ¥2,481,798.07 year-over-year[7] - Basic and diluted earnings per share were both -¥0.0120, down 169.77% from ¥0.0172 in the same period last year[7] - The company reported a net profit of -¥172.75 million for Q1 2019, a decline of 169.60% year-over-year, attributed to increased market activities and R&D investments[16] - The company reported a total comprehensive loss of -¥1,611,647.47, down from a comprehensive income of ¥2,481,798.07 in the previous period[38] - Operating profit for the current period is -¥1,799,489.94, a decrease from ¥2,630,261.80 in the previous period[37] - Total profit for the current period is -¥1,905,197.95, compared to ¥2,627,040.24 in the previous period[37] Cash Flow - Net cash flow from operating activities was -¥20,589,061.75, a significant drop of 4,874.03% compared to ¥431,271.92 in the previous year[7] - The company incurred a net cash outflow from operating activities of -¥20,589,061.75, a decrease of 4874% year-over-year, mainly due to payments for raw materials and operational costs[15] - Operating cash inflow totaled ¥46,654,930.61, down 12.5% from ¥53,097,681.83 in the previous period[45] - Operating cash outflow increased to ¥67,243,992.36, compared to ¥52,666,409.91 in the previous period, resulting in a net cash flow from operating activities of -¥20,589,061.75[45] - The net increase in cash and cash equivalents was -¥67,542,093.59, compared to an increase of ¥35,514,143.55 in the previous period[46] - The ending balance of cash and cash equivalents was ¥53,046,765.86, down from ¥104,750,636.92 in the previous period[46] Assets and Liabilities - Total assets at the end of the reporting period were ¥578,530,624.83, a decrease of 0.96% from ¥584,124,973.01 at the end of the previous year[7] - Total liabilities decreased to CNY 60,313,924.42 from CNY 67,235,174.61, a reduction of approximately 10.5%[28] - Current liabilities totaled CNY 56,505,966.38, down from CNY 63,359,858.33, indicating a decrease of about 10.5%[28] - Owner's equity increased slightly to CNY 518,216,700.41 from CNY 516,889,798.40, showing a marginal increase of about 0.3%[29] Investments and Expenditures - The company has committed to invest ¥20,850 million in various projects, with a total of ¥19,510.94 million already invested, achieving a completion rate of 93.6%[20] - The R&D center construction project has been fully funded with an investment of ¥747.16 million, achieving 100% of the planned investment[20] - The CTP equipment production project has also been fully funded with an investment of ¥852.57 million, achieving 100% of the planned investment[20] - Research and development expenses rose to ¥6,035,076.09, an increase of 22.7% compared to ¥4,922,182.80 in the previous period[35] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,182[11] - The largest shareholder, Ningbo Meishan Bonded Port Area Aisute Investment Co., Ltd., held 34.12% of shares, totaling 49,136,580 shares[11] - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period[12] Operational Changes - The company launched the Storm S800 sand-type 3D printer and conducted commercial testing of its piezoelectric nozzles during the reporting period[16] - The marketing service network construction has been adjusted to establish 3 service points in Beijing, Hangzhou, and Guangzhou instead of the originally planned 8 locations[21] - The company plans to shift focus from CTP production to MEMS print head production due to market conditions and product maturity, indicating a strategic pivot in investment priorities[20]

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]. - The 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 basic earnings per share for 2018 was ¥0.1767, a decrease of 30.62% from ¥0.2547 in 2017[20]. - The company reported a net cash flow from operating activities of ¥31,584,343.07, down 8.49% from ¥34,515,028.15 in 2017[20]. - The weighted average return on equity for 2018 was 5.06%, down from 7.61% in 2017[20]. - The company's total assets increased by 6.95% to ¥584,124,973.01 at the end of 2018, compared to ¥546,171,308.25 at the end of 2017[20]. - The company's total revenue for 2018 was approximately ¥173.9 million, a decrease of 3.49% compared to ¥180.2 million in 2017[52]. 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 amount represents 19.81% of the net profit attributable to the parent company for the year 2018, which is RMB 25,443,343.08[114]. - The total distributable profit for the year 2018 is RMB 209,668,791.70[110]. - The cash dividend for 2018 is 100% of the total profit distribution amount[110]. - The company plans to distribute a cash dividend of RMB 0.35 per 10 shares, totaling RMB 5,040,000 for the year 2018[111]. - In 2017, the company distributed a cash dividend of RMB 1.00 per 10 shares, totaling RMB 15,200,000, which was 41.44% of the net profit[114]. - The company did not distribute any cash dividends in 2016[114]. - The company has not made any adjustments to its cash dividend policy during the reporting period[110]. Risks and Challenges - The company faces risks related to new product development, with potential delays impacting future performance[5]. - Accounts receivable have increased significantly, posing a risk of bad debts, which the company aims to mitigate through enhanced management[6]. - The company is exposed to foreign exchange risks due to overseas business primarily settled in USD, which could affect pricing competitiveness and profits[8]. - The company has a high technical barrier in its product development, which may lead to uncertainties in achieving mass production[5]. - The company emphasizes the importance of controlling collection risks during contract signing to reduce accounts receivable risks[6]. 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 launched the 3D sand printing equipment, Aisikai Storm S800, during the reporting period[29]. - The company is currently developing several advanced projects, including the "Zhi Jie 800 III CTP" system, which has achieved international advanced standards[64]. - The "Storm S800" sand-type 3D printer is in small batch production and has reached international advanced levels in precision[64]. - The company is focusing on the development of new MEMS printing head products and technologies, enhancing its market position and international competitiveness[46]. Market Position and Strategy - The company is actively pursuing market expansion and new technology development to enhance its competitive position[5]. - The company is recognized as one of the leading suppliers of CTP in China, with significant market share and brand influence[31]. - The company has established a comprehensive sales network with 9 domestic distributors and 6 overseas distributors, covering over 50 countries and regions[38]. - The company aims to establish itself as a leading player in the 3D printing service industry, focusing on service printing centers and expanding into international markets[102]. Research and Development - The company has a strong talent pool with 95 R&D personnel specializing in various fields, enhancing its technological capabilities[36]. - R&D investment amounted to ¥25,770,478.98 in 2018, representing 14.82% of total revenue[72]. - The number of R&D personnel increased to 95 in 2018, accounting for 30.25% of the workforce[72]. - The company focuses on continuous technological innovation, holding multiple patents and advanced CTP core technologies, including space light modulation technology[34]. Financial Management and Investments - The company has made significant investments in R&D and market promotion, which are key factors for the decline in profits[42]. - The company has improved its service system, providing 7*12 hours of technical support and professional customer service, enhancing customer trust[39]. - The company has established a scientific decision-making mechanism and strengthened its internal control system to enhance governance standards[49]. - The company is committed to complying with relevant laws and regulations to protect the interests of shareholders and maintain operational integrity[49]. Subsidiaries and Corporate Structure - The company established two new subsidiaries: Guangzhou Aiweit Technology Co., Ltd. with a registered capital of 14.28 million CNY and Hefei Teze Information Technology Co., Ltd. with a registered capital of 5 million CNY[59]. - The company holds a 70.03% voting rights in Guangzhou Aiweit Technology Co., Ltd. and 100% in Hefei Teze Information Technology Co., Ltd., both of which are consolidated in the financial statements[135]. Compliance and Governance - The company has maintained transparency and compliance with information disclosure regulations[173]. - The company has not faced any penalties or rectification issues during the reporting period[139]. - The company confirmed that there were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[127]. - The company has not encountered any violations of commitments made by controlling shareholders and actual controllers since its listing[124]. Shareholder Structure - The total number of shares is 144,000,000, with 34.12% (49,136,580 shares) being limited sale shares and 65.88% (94,863,420 shares) being unrestricted sale shares[184]. - The largest shareholder, Ningbo Meishan Bonded Port Area Aisute Investment Co., Ltd., holds 34.12% of the total shares, amounting to 49,136,580 shares[189]. - The shareholder structure includes significant holdings by foreign and domestic entities, with DT CTP Investment Limited holding 11.29% (16,257,083 shares) of the unrestricted shares[190].

Financial Performance - Net profit attributable to shareholders decreased by 16.71% to CNY 8,225,946.92 for the current period[7] - Operating revenue declined by 4.92% to CNY 49,356,664.00 for the current period[7] - Basic earnings per share fell by 16.76% to CNY 0.0571[7] - Net cash flow from operating activities decreased by 27.04% to CNY 19,288,622.10 year-to-date[7] - The weighted average return on equity decreased by 0.38% to 1.64% for the current period[7] - Total operating revenue for Q3 2018 was CNY 49,356,664, a decrease of 4.9% compared to CNY 51,909,076.82 in the same period last year[34] - The net profit for Q3 2018 was CNY 8,225,832.36, down from CNY 9,876,398.78 in the same period last year, indicating a decrease of about 16.7%[36] - The total profit for Q3 2018 was CNY 9,420,541.28, compared to CNY 11,368,065.03 in the previous year, reflecting a decline of approximately 17.1%[36] - The company's operating profit for Q3 2018 was CNY 9,427,000.29, down from CNY 11,290,930.49 in the previous year, a decrease of about 16.5%[36] - The total comprehensive income for Q3 2018 was CNY 8,225,832.36, compared to CNY 9,876,398.78 in the same period last year, indicating a decrease of approximately 16.7%[37] Assets and Liabilities - Total assets increased by 2.20% to CNY 558,171,582.40 compared to the end of the previous year[6] - Non-current assets totaled CNY 199,373,589.00, an increase from CNY 132,717,239.70 at the beginning of the period, representing a growth of 50.1%[32] - Total assets reached CNY 597,939,916.78, up from CNY 563,962,618.26, indicating a growth of 6.0%[32] - Total liabilities amounted to CNY 154,315,313.38, compared to CNY 104,825,197.39 at the start of the period, marking a significant increase of 47.2%[32] - The company's cash and cash equivalents increased to CNY 82,748,810.28 from CNY 76,618,475.04, reflecting a growth of 8.8%[31] - Accounts receivable decreased slightly to CNY 152,072,496.80 from CNY 154,972,599.71, a decline of 1.2%[31] - The company's retained earnings decreased to CNY 126,955,474.01 from CNY 142,468,291.48, a decline of 10.9%[33] - The total equity attributable to shareholders increased to CNY 505,284,054.00 from CNY 494,231,517.15, reflecting a growth of 2.1%[29] Cash Flow - The company reported a cash flow from operating activities of CNY 19,288,622.10, down 27.0% from CNY 26,437,033.17 in the same quarter last year[49] - The net cash flow from investment activities was -278,055.22 CNY, a decrease from -5,747,051.41 CNY in the previous period, indicating improved cash management[51] - The net cash flow from financing activities was -7,199,997.40 CNY, compared to a positive 4,341,032.11 CNY in the previous period, reflecting increased financial pressure[51] - The cash and cash equivalents at the end of the period amounted to 82,751,439.93 CNY, down from 114,997,000.68 CNY in the previous year[52] - Operating cash inflow totaled 193,424,765.07 CNY, a slight decrease from 202,147,955.21 CNY year-over-year[53] - The net cash flow from operating activities was 38,290,206.16 CNY, compared to 39,679,964.55 CNY in the previous period, showing a stable operational performance[53] - Cash received from the sale of goods and services was 158,428,939.31 CNY, up from 156,499,388.74 CNY in the previous year, indicating a slight growth in sales[53] Shareholder Information - The total number of shareholders at the end of the reporting period was 11,891[11] - The largest shareholder, Ningbo Meishan Bonded Port Area Aisute Investment Co., Ltd., holds 34.12% of shares[11] - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period[12] Investments and Expenses - Research and development expenses increased to CNY 6,966,216.61, up from CNY 4,599,897.96 in the previous year, reflecting a growth of 51.5%[34] - The company's R&D expenses increased to CNY 5,530,659.56 in Q3 2018, up from CNY 3,021,810.90 in the previous period, marking an increase of about 83.3%[39] - Research and development expenses increased to CNY 13,310,018.16, up 38.0% from CNY 9,619,274.46 in Q3 2017[47] - Investment income surged by 191% from CNY 938,635.22 to CNY 2,730,177.11, driven by increased profits from joint ventures and financial products[16] - The investment income for Q3 2018 was CNY 1,395,426.52, compared to CNY 592,078.14 in the previous year, showing an increase of approximately 135.5%[40] Legal and Compliance - The company resolved a legal dispute with Shandong Xingbao, which will not materially impact its operations or financial status[17] - The company completed its 2017 profit distribution plan on May 23, 2018, ensuring compliance with regulations and protecting minority shareholders' interests[20]

Financial Performance - Total revenue for the reporting period was CNY 76,309,061.59, a decrease of 8.76% compared to CNY 83,632,522.67 in the same period last year[19]. - Net profit attributable to shareholders was CNY 10,026,589.93, down 47.60% from CNY 19,135,988.95 year-on-year[19]. - Net profit after deducting non-recurring gains and losses was CNY 7,668,190.54, a decline of 44.19% compared to CNY 13,740,112.58 in the previous year[19]. - Basic earnings per share decreased to CNY 0.0696, down 47.63% from CNY 0.1329 in the same period last year[19]. - The company reported a total profit of CNY 12,314,981.50, down 44.3% from CNY 22,069,855.62 in the previous year[147]. - The company experienced a significant increase in asset impairment losses, which rose to CNY 1,418,297.42 from CNY 912,507.01, reflecting a rise of 55.5%[147]. - The company achieved a net cash flow from operating activities of ¥21,287,181.05, a decrease of 6.28% from the previous year[45]. - The company reported a significant increase in long-term equity investments from 19,834,430.44 to 24,901,397.60, an increase of about 25.5%[138]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 553,316,337.65, an increase of 1.31% from CNY 546,171,308.25 at the end of the previous year[19]. - Total current assets decreased from 427,246,059.47 to 404,488,354.29, a decline of approximately 5.5%[138]. - Total current liabilities increased from 44,265,329.39 to 50,340,329.66, an increase of approximately 13.1%[139]. - Total liabilities increased from 51,939,791.10 to 56,258,230.57, an increase of about 8.8%[139]. - Total equity increased from 494,231,517.15 to 497,058,107.08, a growth of approximately 0.6%[140]. Investment and R&D - The company plans to focus on the development of new products, including inkjet printheads, which are expected to be a key offering in the future[10]. - The company’s R&D investment increased by 18.62% to ¥11,084,497.01 from ¥9,344,330.69 year-on-year[45]. - The company has developed several innovative technologies for industrial inkjet print heads, improving performance and reducing production costs[34]. - The company is actively exploring new industrial applications based on its three core technologies, including 3D printing[40]. Market and Sales - The company has a significant presence in the CTP market, being one of the leading suppliers in China with a comprehensive product line including both offset and flexo CTP machines[26]. - The company’s sales model for domestic sales of offset CTP includes a combination of distribution, direct sales, and leasing, with distribution being the primary method[28]. - The flexo CTP technology is still in a rapid development phase, while offset CTP has reached maturity, indicating different growth trajectories for these products[29]. - The overseas sales network covers over 50 countries and regions, including South Korea, India, and Brazil[36]. Risk Management - The company has identified potential risks in its operations and has outlined corresponding countermeasures in the report[4]. - Aisikai Technology is facing risks in new product development due to high technical barriers, which may impact future performance if production timelines are delayed[72]. - Aisikai Technology is addressing the risk of large accounts receivable by strengthening contract management and collection efforts to mitigate bad debt risks[73]. - The company acknowledges the risk of declining demand for traditional printing due to the rise of digital information dissemination, prompting a shift towards industrial inkjet printing technology[74]. - The company is exposed to foreign exchange risks due to USD-denominated exports, with measures in place to manage currency fluctuations[75]. Corporate Governance - The company does not plan to distribute cash dividends or issue bonus shares[5]. - The company has no significant litigation or arbitration matters affecting its financial status[83]. - There were no stock incentive plans or employee stock ownership plans implemented during the reporting period[87]. - The company did not engage in any related party transactions during the reporting period[88]. Financial Reporting and Compliance - The company’s half-year financial report has not been audited, indicating a need for further financial scrutiny[80]. - The financial report for the first half of 2018 has not been audited[135]. - The company’s financial statements comply with the latest accounting standards issued by the Ministry of Finance, reflecting its financial position, operating results, and cash flows accurately[180]. - The company maintains a continuous operation capability for at least 12 months post-reporting period, indicating financial stability[178]. Shareholder Information - The total number of shares is 144 million, with 34.12% being limited shares and 65.88% being unrestricted shares[119]. - The largest shareholder, Ningbo Meishan Bonded Port Area Aisute Investment Co., Ltd., holds 34.12% of shares, totaling 49,136,580 shares[122]. - The total number of common shareholders at the end of the reporting period is 11,798[122]. - The total shares held by the top ten shareholders include 8,375,665 shares held by Gongqingcheng Rongshikai Investment Center, which decreased by 2,380,777 shares[122].

Financial Performance - The company's operating revenue for 2017 was ¥180,187,839.78, a decrease of 2.78% compared to ¥185,345,203.02 in 2016[5]. - The net profit attributable to shareholders for 2017 was ¥36,680,334.40, down 21.41% from ¥46,674,778.34 in 2016[5]. - The net profit after deducting non-recurring gains and losses was ¥28,726,220.90, a decline of 32.04% from ¥42,267,960.27 in 2016[5]. - The company's total revenue for 2017 was CNY 180.19 million, a decrease of 2.78% compared to the previous year[46]. - The total profit for the year was CNY 41.46 million, down 22.8% year-on-year, while the net profit attributable to the parent company was CNY 36.68 million, a decline of 21.41%[46]. - The company's cash flow from operating activities increased by 9.73% to ¥34,515,028.15 in 2017, compared to ¥31,455,081.77 in 2016[5]. - The total assets at the end of 2017 were ¥546,171,308.25, reflecting a growth of 5.89% from ¥515,801,286.70 at the end of 2016[5]. - The net assets attributable to shareholders increased by 6.16% to ¥494,231,517.15 at the end of 2017, compared to ¥465,551,182.75 at the end of 2016[5]. Dividend Policy - The company reported a cash dividend of 0.50 RMB per 10 shares (including tax) and no bonus shares, based on a total of 144,000,000 shares[10]. - The company plans to distribute cash dividends of ¥1 per share (before tax) during the reporting period[71]. - The cash dividend represents 100% of the total profit distribution amount, with a distributable profit of RMB 191,425,448.62[101]. - The company has not conducted any cash dividends or stock bonuses in the previous two years (2015 and 2016)[103]. - The company aims to increase the proportion of cash dividends in profit distribution, with a minimum of 10% of distributable profits allocated to cash dividends annually[111]. - The company will ensure that cash dividends account for at least 80% of profit distribution during mature stages without significant capital expenditure, and at least 40% during mature stages with significant capital expenditure[111]. - The company has established a commitment to maintain a minimum of 20% cash dividend distribution during growth stages with significant capital expenditures[111]. Risk Management - The company faces risks related to new product development, particularly due to high technical barriers and potential delays in achieving mass production, which could adversely affect future performance[6]. - The company has a significant accounts receivable amount, which poses a risk of bad debts; it plans to strengthen collection efforts to mitigate this risk[7][9]. - The company is exposed to foreign exchange risks due to overseas business primarily settled in USD, which could impact product pricing competitiveness and lead to exchange losses[10]. - The company emphasizes the importance of risk awareness regarding forward-looking statements related to development strategies and future plans[5]. - The company is committed to enhancing contract signing processes to control collection risks more effectively[9]. Product Development and Innovation - The company is focusing on the development of new products, including inkjet print heads, which are expected to be a key offering in the future[16]. - The company plans to launch a new sand-type 3D printing device, Aisikai Storm S800, in May 2018, utilizing self-developed piezoelectric inkjet printheads[32]. - The company aims to enhance its piezoelectric inkjet printhead technology as part of its ongoing R&D efforts[99]. - The company is developing several advanced projects, including a high-power laser printing head with a power of 600W and a resolution of 2400-5080 DPI for a new flexo engraving machine[66]. - The company is focusing on expanding its 3D printing equipment development to meet diverse market needs, following the launch of the Storm S800 sand mold 3D printer[99]. - The company aims to introduce more models of 3D printing equipment over the next three years, promoting the commercial application of 3D printing in China, including a full range of sand-type 3D printing products S800, S2000, S4000, and metal 3D printing series[93]. - The company emphasizes technological innovation, holding multiple patents and focusing on three core technologies: laser printing, piezoelectric inkjet printing, and precision motion control[38]. Market Presence and Sales Strategy - The company is a leading supplier of CTP products in China, with significant market share and brand influence in the industry[34]. - The sales model for domestic sales of CTP products includes a combination of distribution, direct sales, and leasing, with distribution being the primary method[33]. - The company has successfully expanded its product line to include both offset and flexo CTP technologies, enhancing its market presence[31]. - The company has established a sales network covering all provinces in China except Tibet, and has overseas distributors in over 50 countries[42]. - Revenue from overseas regions grew by 4.79% to ¥80,148,358.87, making up 44.48% of total revenue[52]. Research and Development - Research and development (R&D) investment in 2017 reached ¥19,435,972.70, representing 10.79% of operating revenue, an increase from 9% in 2016[68]. - The number of R&D personnel increased to 84 in 2017, accounting for 28.77% of the total workforce[68]. - The company is committed to building a team with innovation and responsibility, enhancing corporate culture and team cohesion[96]. - The company plans to actively recruit and train excellent R&D personnel to improve its core technology strength[110]. Corporate Governance - The company has a strong governance structure with a board of directors and supervisory board ensuring compliance and oversight[188]. - The board consists of 9 members, including 3 independent directors, ensuring a diverse governance structure[182]. - The company has maintained its accounting firm, Tianzhi International Accounting Firm, for five consecutive years, with an audit fee of ¥500,000[121]. - The company has not faced any regulatory penalties in the past three years, indicating strong compliance and governance practices[195]. Employee Management - The total number of employees in the company is 292, with 65 in the parent company and 227 in major subsidiaries[199]. - The professional composition includes 95 production personnel, 56 sales personnel, 84 technical personnel, 12 financial personnel, and 45 administrative personnel[199]. - The company has established a salary management system that ensures internal fairness and external competitiveness, managed by the Human Resources Department[200]. - The salary structure is designed to be clear and effective in safeguarding employee interests, reflecting the guiding and competitive principles of the salary system[200]. Legal and Compliance - The company is involved in a lawsuit with Shandong Xingbao, claiming a total of ¥6.5 million, which includes a request for the return of 15 CTP devices and compensation for economic losses[123]. - The company has not engaged in any related party transactions during the reporting period[127]. - The company has confirmed that all commitments made to minority shareholders have been fulfilled on time[113]. - The company has not reported any prior accounting errors during the financial reporting period[119].

Financial Performance - Total revenue for Q1 2018 was ¥31,857,746.61, a decrease of 9.23% compared to ¥35,098,287.53 in the same period last year[7] - Net profit attributable to shareholders was ¥2,481,798.07, down 60.46% from ¥6,276,039.20 year-on-year[7] - Net profit excluding non-recurring gains and losses was ¥1,095,101.96, a decline of 79.12% from ¥5,244,877.31 in the previous year[7] - Basic earnings per share decreased by 60.55% to ¥0.0172 from ¥0.0436 year-on-year[7] - The net profit attributable to the listed company for Q1 2018 was 2.48 million, down 60.5% year-on-year, primarily due to foreign exchange losses from the decline in the US dollar exchange rate[18] - The net profit for Q1 2018 was a loss of CNY 2,840,200.76, compared to a net profit of CNY 1,105,326.05 in Q1 2017, indicating a significant downturn[44] Cash Flow - Net cash flow from operating activities was ¥431,271.92, a significant drop of 93.25% compared to ¥6,387,766.90 in the same period last year[7] - The cash flow from operating activities generated a net cash inflow of CNY 431,271.92, a decrease of 93.2% compared to CNY 6,387,766.90 in the previous year[48] - The net cash flow from operating activities for Q1 2018 was ¥19,410,220.64, a significant increase from ¥1,947,216.26 in Q1 2017, representing a growth of approximately 895%[52] - The total cash and cash equivalents at the end of Q1 2018 reached ¥103,868,409.99, up from ¥77,515,455.68 at the end of Q1 2017, indicating an increase of about 33.9%[53] - The cash outflow from investment activities was CNY 121,968,008.30, a decrease from CNY 148,877,682.28, indicating a reduction of 18.1%[49] Assets and Liabilities - Total assets at the end of the reporting period were ¥547,539,437.81, an increase of 0.25% from ¥546,171,308.25 at the end of the previous year[7] - Total liabilities decreased to ¥50,826,122.59 from ¥51,939,791.10, a reduction of approximately 2.1%[34] - Total assets amounted to ¥586,257,167.99, an increase from ¥563,962,618.26 at the beginning of the period[38] - Total liabilities at the end of Q1 2018 were CNY 129,959,947.88, up from CNY 104,825,197.39 at the beginning of the period[38] Shareholder Information - The top shareholder, Ningbo Meishan Bonded Port Area Aisute Investment Co., Ltd., holds 34.12% of shares, amounting to 49,136,580 shares[12] - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period[14] Risks and Legal Issues - The company faces risks related to new product development, large accounts receivable, and exchange rate fluctuations[10] - The company reported a significant increase in accounts receivable, which poses a potential bad debt risk[10] - The company faced a lawsuit from a distributor, claiming a return of 15 CTP devices and compensation for economic losses, but this is not expected to materially impact operations or financial status[19] Operational Adjustments - The marketing service network construction project has been adjusted to establish three service points in Beijing, Hangzhou, and Guangzhou instead of eight originally planned[25] - The company reported no violations regarding external guarantees during the reporting period[26] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[27] - The company has not disclosed any issues regarding the use of raised funds[25] Investment and Fund Utilization - The total amount of funds raised was 188.92 million, with 6.58 million invested in the current quarter[23] - The cumulative amount of raised funds utilized reached 89.49 million, with 13.22% of the R&D center construction project completed as of April 7, 2018[23] - Prepayments increased by 130% to 11.27 million, mainly due to prepayments for R&D and rent[17] - The company's other non-current assets increased by 90% to 13.76 million, primarily due to prepayments for land in Hangzhou[17] Financial Expenses - The company's financial expenses increased by 704% to 2.32 million, mainly due to significant changes in exchange gains and losses[17] - The financial expenses for the quarter were CNY 2,322,141.92, significantly higher than CNY 306,689.24 in the same period last year, indicating an increase of 657.5%[44]

Financial Performance - Operating revenue decreased by 13.53% to CNY 51,909,076.82 for the current period[9] - Net profit attributable to shareholders decreased by 40.23% to CNY 9,876,398.78 for the current period[9] - Basic earnings per share decreased by 40.24% to CNY 0.0686[9] - The company reported a decrease in other income by 45.36% to CNY 3,939,675, mainly due to reduced government subsidies received[21] - Total operating revenue for Q3 2017 was CNY 51,909,076.82, a decrease from CNY 60,028,558.96 in the previous period[41] - Net profit for the period was CNY 9,876,398.78, down from CNY 16,525,194.01 in the same period last year, representing a decline of approximately 40%[42] - Total operating revenue for the current period was ¥135,541,599.49, a decrease of 1.4% compared to ¥137,512,960.74 in the previous period[48] - Net profit for the current period was ¥29,012,387.73, down 10.3% from ¥32,378,480.66 in the previous period[50] - The total comprehensive income for the current period was ¥29,012,387.73, down from ¥32,378,480.66 in the previous period[51] Assets and Liabilities - Total assets increased by 7.07% to CNY 552,278,797.12 compared to the end of the previous year[9] - The company's total assets increased to CNY 592,345,056.51 from CNY 555,467,816.33, reflecting a growth of about 6.5%[39] - The company's total liabilities increased to RMB 65.7 million from RMB 50.3 million, marking an increase of about 30.6%[35] - Total liabilities rose to CNY 181,743,136.92, up from CNY 143,095,701.07, marking an increase of approximately 27%[39] - The company's equity totaled CNY 410,601,919.59, slightly down from CNY 412,372,115.26, indicating a marginal decrease[39] Cash Flow - Cash flow from operating activities increased by 156.57% to CNY 26,437,033.17 year-to-date[9] - Operating cash flow increased by 156.57% to CNY 26,437,033, driven by improved collection efforts during the reporting period[21] - The cash inflow from operating activities totaled CNY 202,147,955.21, an increase from CNY 165,800,863.49 in the previous period, representing a growth of approximately 21.9%[59] - The net cash flow from operating activities was CNY 39,679,964.55, significantly higher than CNY 9,753,904.25 in the same period last year, indicating a year-over-year increase of about 307.5%[59] - Cash inflow from financing activities was CNY 20,000,000.00, down from CNY 225,342,886.69 in the previous period, reflecting a decrease of approximately 91.1%[60] - The total cash and cash equivalents at the end of the period reached CNY 114,595,147.60, a decrease from CNY 237,724,192.39 in the previous year[60] Shareholder Information - The total number of shareholders at the end of the reporting period was 13,025[13] - The largest shareholder, Guangzhou Aishute Investment Co., Ltd., holds 34.12% of the shares[13] - No changes in share capital due to new issuance or other reasons during the reporting period[9] - The independent directors confirmed that the profit distribution plan complies with relevant laws and regulations, protecting the interests of minority shareholders[27] Investments and Projects - Long-term equity investments reached CNY 19,684,603, attributed to new investments in two joint ventures during the reporting period[20] - Construction in progress increased by 82.71% to CNY 43,345,588, mainly due to investments in the "CTP equipment production project"[20] - The company reported an increase in construction in progress to CNY 43,345,588.26 from CNY 23,723,806.49, indicating ongoing investment in growth[39] Financial Expenses - Financial expenses showed a significant increase of 283% to CNY 3,054,048, primarily due to a decline in the US dollar exchange rate[20] - Financial expenses for the period were CNY 1,680,204.16, compared to a negative CNY 620,577.13 in the previous period, showing a significant increase in costs[42] Legal Matters - The company is currently involved in an ongoing lawsuit with Shandong Xingbao, which has resulted in a freeze on certain funds, impacting cash flow[23]

Financial Performance - Total revenue for the reporting period reached ¥83,632,522.67, an increase of 7.93% compared to ¥77,484,401.78 in the same period last year[25]. - Net profit attributable to shareholders was ¥19,135,988.95, reflecting a growth of 20.71% from ¥15,853,286.65 year-on-year[25]. - Net cash flow from operating activities surged to ¥22,713,081.16, a significant increase of 1,204.13% compared to ¥1,741,621.27 in the previous year[25]. - Total assets at the end of the reporting period amounted to ¥536,688,787.12, up 4.05% from ¥515,801,286.70 at the end of the previous year[25]. - The company achieved operating revenue of 83.63 million yuan, an increase of 7.93% compared to the same period last year[48]. - Net profit attributable to shareholders reached 19.14 million yuan, up 20.71% year-on-year, driven by increased sales of flexo CTP technology[48]. - The gross profit margin for the reporting period is not explicitly stated but can be inferred to be positively impacted by the increase in net profit and revenue[25]. - Non-recurring gains and losses totaled ¥5,395,876.37, with government subsidies contributing significantly to this figure[30]. Market and Competition - The company reported significant growth in its CTP market share, driven by improvements in quality and technology, but faces increased competition leading to potential price declines[5]. - The demand for traditional offset CTP is negatively impacted by the rise of digital information dissemination methods, although it is not expected to fully replace traditional media[9]. - The overall economic outlook remains uncertain, which could impact the company's future performance and market expansion strategies[7]. - The company has a strong brand presence in the domestic CTP market, being one of the leading suppliers in the industry[34]. - The company is focusing on improving its product and business layout to counteract competitive pressures and enhance profitability[5]. Research and Development - The company is committed to continuous R&D innovation to enhance product performance and maintain market competitiveness[5]. - R&D investment amounted to 9.34 million yuan, a 6.08% increase from the previous year, reflecting ongoing innovation efforts[53]. - The company is focusing on the development of industrial inkjet print head technologies, with several core technologies already established[49]. - The company plans to accelerate technology innovation and new product development over the next three years, focusing on high-performance industrial inkjet print head technology[79]. - The company aims to enhance existing CTP products and develop new high-end CTP products with higher precision and efficiency[80]. Legal and Regulatory Matters - A pending lawsuit could impact the company, with a claim for the return of 15 CTP devices and a total of RMB 5.1573 million in damages, although it is not expected to have a significant effect on operations[11][12]. - The company is involved in a lawsuit regarding the return of 15 CTP devices and a claim for RMB 5.1573 million, with ongoing legal proceedings[95]. - There were no violations regarding external guarantees during the reporting period[110]. Investment and Financing - The company has invested in two new joint ventures during the reporting period, indicating strategic expansion[39]. - The total amount raised from the public offering was ¥225,200,000.00, with a net amount of ¥188,907,500.00 after deducting issuance costs[64]. - A financing plan will be implemented to optimize the capital structure through a combination of equity and debt financing to support sustainable development[84]. - The company has committed a total investment of 20,850 million CNY for various projects, with a cumulative investment of 6,492.18 million CNY achieved, representing 31.1% of the planned investment[68]. Operational and Management Insights - The company has a robust service team that ensures efficient pre-sale, in-sale, and after-sale support, contributing to customer trust and business expansion[45]. - The marketing center project has been completed, while CTP production equipment and R&D center projects are progressing as planned[49]. - The company plans to expand CTP product capacity and improve process levels to meet domestic and international market demand over the next three years[81]. - The sales network will be enhanced by establishing regional marketing outlets in key areas such as Guangzhou, Hangzhou, and Beijing to support product promotion and after-sales services[82]. - The company aims to strengthen its talent team by recruiting high-level technical and management personnel to maintain core competitiveness[83]. Shareholder and Equity Information - The total number of shares is 80,000,000, with 75% (60,000,000 shares) being subject to restrictions[118]. - The largest shareholder, Guangzhou Aishute Investment Co., Ltd., holds 34.12% (27,298,100 shares) of the total shares[122]. - The company has not issued new shares or transferred shares during the reporting period[120]. - The company reported a total asset of RMB 536,688,787.12 as of June 30, 2017, an increase from RMB 515,801,286.70 at the beginning of the period, reflecting a growth of approximately 4.3%[140]. Cash Flow and Financial Position - Cash flow from operating activities saw a significant increase of 1,204.13%, reaching 22.71 million yuan, due to improved sales collections[53]. - The company's cash and cash equivalents amounted to ¥96,227,894.97, representing 17.93% of total assets, down from 51.04% the previous year[57]. - Accounts receivable stood at ¥144,456,306.89, accounting for 26.92% of total assets, a slight decrease of 0.04% from the previous year[57]. - The company reported a decrease in the general risk reserve of CNY 18,563,899.88 during the current period[163]. Accounting and Reporting Practices - The financial statements were approved by the board of directors on August 25, 2017, ensuring compliance with accounting standards[178]. - The company prepares consolidated financial statements based on the financial reports of the parent and subsidiaries, ensuring consistency in accounting policies and periods[189]. - The company’s financial reporting adheres to the relevant accounting standards, ensuring accurate representation of financial position and performance[195].

Financial Performance - Total revenue for Q1 2017 was CNY 35,098,287.53, an increase of 0.71% compared to CNY 34,851,785.20 in the same period last year[7] - Net profit attributable to shareholders was CNY 6,276,039.20, representing a growth of 6.90% from CNY 5,870,759.91 year-on-year[7] - Net profit excluding non-recurring gains and losses decreased by 10.54% to CNY 5,244,877.31 from CNY 5,862,843.84 in the previous year[7] - The company achieved operating revenue of RMB 35.10 million in Q1 2017, representing a year-on-year increase of 0.71%[26] - The net profit attributable to the listed company was RMB 6.28 million, an increase of 6.9% compared to the same period last year[26] - Net profit for the period reached CNY 6,276,039.20, up from CNY 5,870,759.91 year-over-year[49] - The net profit for Q1 2017 was CNY 1,105,326.05, an increase from CNY 1,070,504.39 in the same period last year, representing a growth of approximately 3.3%[52] - The total comprehensive income for the period was CNY 1,105,326.05, compared to CNY 1,070,504.39 in the same period last year, reflecting a growth of approximately 3.3%[53] Cash Flow - Net cash flow from operating activities surged by 864.24% to CNY 6,387,766.90, compared to CNY 662,464.60 in the same period last year[7] - The net cash flow from operating activities reached RMB 6.39 million, a significant increase of 864% compared to the same period in 2016[25] - Cash flow from operating activities showed a net increase of CNY 6,387,766.90 compared to CNY 662,464.60 in the previous year, marking a significant improvement[56] - Cash flow from investment activities resulted in a net outflow of CNY 10,667,696.18, compared to a net outflow of CNY 3,070,336.16 in the prior year[60] Assets and Liabilities - Total assets at the end of the reporting period were CNY 523,058,271.53, up 1.41% from CNY 515,801,286.70 at the end of the previous year[7] - The company's total assets were CNY 554,313,788.91, slightly down from CNY 555,467,816.33 at the beginning of the period[45] - Current assets totaled CNY 449,909,998.29, a decrease from CNY 471,899,375.39 at the start of the period[43] - Total liabilities rose to CNY 51,231,049.58 from CNY 50,250,103.95, marking an increase of about 1.9%[41] - Total liabilities decreased to CNY 140,836,347.60 from CNY 143,095,701.07[45] - The company's equity attributable to shareholders rose to CNY 413,477,441.31 from CNY 412,372,115.26[45] Operational Risks - The company faces market competition risks as domestic CTP brands have significantly increased their market share, potentially leading to price reductions and lower profit margins[9] - The development of new industrial inkjet printheads is a strategic focus, but the company faces risks related to technology challenges and market entry due to foreign brand dominance[10] - The company has expanded its overseas business, but global economic uncertainties may adversely affect its international sales growth[12] - The company reported a significant amount of accounts receivable, which poses a risk of bad debts if economic conditions worsen[14] - The company is involved in an ongoing litigation that may have uncertain outcomes but is not expected to materially impact its operations or financial status[16] Investments and Projects - Long-term equity investments amounted to RMB 20.98 million, primarily due to external investments made during the period[25] - Prepayments increased by 40% to RMB 4.98 million, driven by increased orders and procurement activities[25] - The company is currently developing several key projects, including the ZhiJie 800 III CTP system, which has achieved international advanced status in its trial production phase[28] - The large-format flexo printing machine project has reached a trial production stage with over 200 laser heads and a resolution exceeding 5000 DPI, marking a domestic leading position[28] - The 3D sand mold printer project has also entered trial production, achieving a surface precision of 0.1mm and uniform sand thickness of 0.2mm, positioning it as a domestic leader[28] - The company has raised a total of 188.92 million yuan, with 5.08 million yuan already invested in various projects during the reporting period[31] - The CTP equipment production project has seen a cumulative investment of 1.51 million yuan, representing only 1.12% of the total committed investment of 12.65 million yuan[31] - The R&D center construction project has a cumulative investment of 363.02 thousand yuan, which is 7.26% of the total committed investment of 5 million yuan[31] - The marketing service network construction project has not yet seen any investment, with a total commitment of 3.2 million yuan[31] Corporate Governance - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[20] - There were no significant changes or adjustments in the company's products or services during the reporting period[27] - The company has not reported any significant changes in its core technology team or major suppliers during the reporting period[29] - There are no overdue commitments from the actual controller, shareholders, or related parties during the reporting period[29] - The company reported no violations regarding external guarantees during the reporting period[33] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[34] - The company did not execute any cash dividend policy during the reporting period[33] Miscellaneous - Basic and diluted earnings per share were both CNY 0.08, down from CNY 0.1 in the previous period[49] - The company received tax refunds amounting to CNY 3,657,625.39, slightly up from CNY 3,496,227.47 in the previous year[55] - The first quarter report was not audited[62]

Market Growth and Competition - The company reported significant growth in market share for domestic CTP brands, with increased competition leading to potential price declines and impacts on future gross margins and profitability [4]. - The company has expanded its overseas business significantly, but faces risks from global economic slowdowns that could adversely affect its international market growth [6]. - The demand for traditional offset CTP is negatively impacted by the rise of digital information dissemination technologies, which may affect the company's core product sales [7]. - The flexo CTP market is in a rapid growth phase, while offset CTP has reached maturity, indicating a strategic focus on flexo technology to capture market share [40][41]. Financial Performance - The company's operating revenue for 2016 was ¥185,345,203.02, representing a 3.30% increase compared to ¥179,417,274.69 in 2015 [24]. - The net profit attributable to shareholders for 2016 was ¥46,674,778.34, which is a 9.05% increase from ¥42,803,186.56 in the previous year [24]. - The net cash flow from operating activities for 2016 was ¥31,455,081.77, up by 3.41% from ¥30,417,151.26 in 2015 [24]. - The total assets at the end of 2016 reached ¥515,801,286.70, a significant increase of 79.66% from ¥287,103,665.88 at the end of 2015 [24]. - The net assets attributable to shareholders increased by 102.45% to ¥465,551,182.75 in 2016 from ¥229,954,321.41 in 2015 [24]. - The company reported a basic earnings per share of ¥0.67 for 2016, a decrease of 5.63% compared to ¥0.71 in 2015 [24]. Research and Development - The company is committed to continuous R&D innovation to enhance product performance and maintain competitive advantage in the CTP market [4]. - The company is focused on the research and development of industrial printing technologies, including laser and inkjet printing, with applications in various industries [34]. - The company is currently developing industrial inkjet printheads as its main research product [34]. - The company has developed proprietary equipment for inkjet printing technology, overcoming multiple technical challenges [63]. - R&D investment amounted to ¥16,674,861.51 in 2016, representing 9.00% of operating revenue, up from 8.61% in 2015 [83]. Risk Management - The company has a substantial accounts receivable amount, which poses a risk of bad debts if macroeconomic conditions worsen, prompting enhanced receivables management strategies [8]. - The company emphasizes the importance of strengthening contract management and collection processes to minimize accounts receivable risks [8]. - The company is actively managing risks associated with new product development and market expansion to mitigate potential impacts on future performance [5][6]. Legal and Compliance Issues - A pending lawsuit involves a claim for the return of 15 CTP devices and a total of RMB 5.1573 million in payments, with potential economic damages of RMB 1 million, creating uncertainty for the company [10]. - The company is currently involved in a lawsuit with Shandong Xingbao, claiming a return of 15 CTP devices and a total of RMB 6.15 million in damages, with a court hearing already held [154]. - The company has submitted a counterclaim in the ongoing lawsuit, indicating proactive legal strategy [154]. Corporate Governance and Shareholder Matters - The company plans not to distribute cash dividends or issue bonus shares, indicating a focus on reinvestment or financial stability [11]. - The company did not distribute any cash dividends or bonus shares for the fiscal year 2016, maintaining a cash dividend ratio of 0.00% [116]. - The board of directors decided against profit distribution for 2016 to ensure sufficient cash flow and enhance market risk response capabilities [117]. - The company has committed to not transferring or managing its shares for 12 months following its listing on the Shenzhen Stock Exchange, ensuring stability in shareholding [122]. Investment and Fundraising - The company successfully completed its IPO on July 5, 2016, marking a significant milestone in its development [58]. - The total amount of funds raised by the company was RMB 225,200,000, with a net amount of RMB 188,907,500 after deducting issuance costs of RMB 36,292,500 [93]. - The company invested 45.77 million in fundraising projects, achieving an investment progress of 21.95% [60]. - The company will pursue a combination of equity and debt financing to optimize its capital structure and support sustainable development [109]. Employee and Management Structure - The total number of employees in the company is 264, with 62 in the parent company and 202 in major subsidiaries [195]. - The company has established a competitive compensation system to ensure internal fairness and external competitiveness, managed by the Human Resources Department [197]. - The training program includes targeted training for new employees, middle and senior management, and general staff, covering management skills, leadership, knowledge, and skills [198]. Future Outlook and Strategic Plans - The company aims to enhance its CTP product performance and expand its market share by developing high-end CTP products, including 128 and 256 channels, to achieve steady sales growth [103]. - The company plans to increase its production capacity and improve process levels for CTP products to meet domestic and international market demands over the next three years [106]. - The company will establish regional marketing outlets in key areas such as Guangzhou, Hangzhou, and Beijing to enhance its sales network and provide after-sales support [107]. - Future strategies include diversifying the product line to cater to emerging market trends and consumer preferences [188].