Financial Performance - Operating revenue decreased by 11.47% to CNY 82,798,520.44 compared to the same period last year[9] - Net profit attributable to shareholders decreased by 27.76% to CNY 17,380,819.31 compared to the same period last year[9] - Basic earnings per share decreased by 45.88% to CNY 0.1694 compared to the same period last year[9] - Total operating revenue for Q3 2017 was CNY 82,798,520.44, a decrease from CNY 93,522,232.21 in the previous period[35] - Net profit for Q3 2017 was CNY 17,815,613.44, compared to CNY 24,421,289.36 in the prior year, representing a decline of approximately 27%[36] - The net profit attributable to shareholders of the parent company was CNY 17,380,819.31, down from CNY 24,058,190.52, indicating a decrease of about 28%[37] - Total comprehensive income for the current period was ¥26,504,145.96, compared to ¥30,232,434.64 in the previous period, representing a decrease of 12.4%[43] - The company recorded a total profit of ¥30,973,289.55, down from ¥35,198,851.50, reflecting a decrease of 12.6%[42] Assets and Liabilities - Total assets increased by 29.32% to CNY 747,813,802.89 compared to the end of the previous year[9] - Net assets attributable to shareholders increased by 43.13% to CNY 561,446,650.84 compared to the end of the previous year[9] - Total assets increased to CNY 742,921,607.50 from CNY 566,561,062.24, reflecting a growth of approximately 31%[33] - Total liabilities rose to CNY 183,009,184.84, up from CNY 180,898,598.72, showing a slight increase[33] - The company's total equity reached CNY 559,912,422.66, compared to CNY 385,662,463.52, marking an increase of about 45%[33] Cash Flow - Cash flow from operating activities showed a significant decline of 645.32% to CNY -55,351,455.13 year-to-date[9] - Net cash flow from operating activities decreased by CNY 65.50 million year-on-year, influenced by an increase in cash payments for material purchases and a rise in sales settled via bank notes[17] - Net cash flow from investing activities decreased by CNY 116.32 million, primarily due to increased investment expenditures for purchasing financial products[18] - Net cash flow from financing activities increased by CNY 155.72 million, mainly due to funds raised from the initial public offering of new shares[18] - Cash inflow from financing activities amounted to 174,849,495.08 CNY, with a net cash flow of 151,493,283.98 CNY after outflows[51] - The ending balance of cash and cash equivalents was 46,962,201.46 CNY, down from 71,171,439.44 CNY in the previous period[51] - The company experienced a net decrease in cash and cash equivalents of 21,490,431.69 CNY during the period[51] Shareholder Information - The total number of shareholders at the end of the reporting period was 12,947[13] - The largest shareholder, Shanghai Dehui Group, holds 31.18% of the shares[13] Other Financial Metrics - The weighted average return on equity decreased by 3.41% to 3.14% for the current period[9] - Non-recurring gains and losses totaled CNY 4,251,213.94, primarily from government subsidies and asset disposals[10] - Other income decreased by CNY 6.52 million compared to the same period last year, primarily due to a reduction in government subsidies received[17] - The company reported an increase in asset impairment losses of CNY 3.16 million year-on-year, mainly due to an increase in bad debt provisions[17] - Accounts receivable increased by CNY 26.01 million, attributed to higher revenue and an increase in bank acceptance bills received during the reporting period[17] - Other current assets increased by CNY 117 million, mainly due to the purchase of financial products that have not yet matured[17] - Accounts payable decreased by CNY 9.65 million, mainly due to a reduction in the amount of bank acceptance bills issued for settling procurement payments[17] - Prepayments increased by CNY 9.86 million, reflecting an increase in advance payments for raw material purchases during the reporting period[17] - Sales expenses increased to ¥16,035,447.43 from ¥13,204,047.34, marking a rise of 21.4%[42] - Management expenses decreased slightly to ¥28,626,103.05 from ¥30,028,556.99, a reduction of 4.7%[42] Audit Status - The report was not audited, indicating that the figures may be subject to change upon further review[56]

Company Performance - Total revenue for the reporting period reached ¥102,432,293, representing a 50.62% increase compared to ¥68,005,626 in the same period last year [27]. - Net profit attributable to shareholders was ¥8,290,465.68, up 43.20% from ¥5,789,244.19 year-on-year [27]. - The net profit after deducting non-recurring gains and losses surged by 180.57% to ¥6,392,251.54 from ¥2,278,283.15 in the previous year [27]. - The company's total assets increased by 28.10% to ¥740,766,128.50 from ¥578,264,603.54 at the end of the previous year [27]. - Net assets attributable to shareholders rose by 38.70% to ¥544,065,831.53 from ¥392,253,349.45 at the end of the previous year [27]. - Basic earnings per share increased by 22.71% to ¥0.0924 from ¥0.0753 in the same period last year [27]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the first half of 2017, representing a year-on-year growth of 25% [106]. - The company achieved a net profit of 80 million RMB for the same period, reflecting a growth of 15% compared to the previous year [101]. Financial Health - The net cash flow from operating activities was negative at -¥26,509,254.60, a decline of 297.32% compared to ¥13,434,805.80 in the previous year [27]. - The company has seen a significant increase of 120.2028 million yuan in other current assets due to investments in financial products and dividend funds [52]. - The company’s cash and cash equivalents decreased by 134.30% to a net decrease of 6.40 million yuan, influenced by changes in operating cash flow [65]. - The company reported a significant increase in investment activities, with cash flow from investing activities showing a net outflow of 115.66 million yuan, a 12,153.13% increase year-on-year [65]. - The company’s total assets reached 11,881,256 yuan as of the reporting period [92]. - The company’s total assets increased to CNY 740,766,128.50, up from CNY 578,264,603.54 at the beginning of the period [165]. - The company reported a decrease in cash flow from sales of goods and services, totaling 80,014,546.46 yuan, down from 104,900,139.43 yuan in the previous period [183]. Research and Development - The company emphasizes research and development in ceramic membrane technology, with a complete R&D system to drive innovation and cost control [45]. - The company invested 8.258 million yuan in R&D during the first half of 2017, accounting for 8.06% of its operating revenue [54]. - The company has obtained 70 invention patents, 49 utility model patents, and 5 design patents related to membrane separation technology as of June 30, 2017 [54]. - The company has committed to investing 200 million RMB in R&D for new technologies over the next two years [106]. Market Position and Strategy - The company maintains a leading position in the domestic ceramic membrane industry, facing increased competition from both domestic and foreign enterprises, which has impacted the gross margin of some products [7]. - The company has established a strong brand image in the ceramic membrane industry, recognized as a famous trademark in Jiangsu Province and Nanjing City [58]. - The company has developed new growth points in membrane integration technology solutions for sugar production, bioethanol, industrial wastewater reuse, and zero discharge [51]. - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market presence, with a budget allocation of 200 million RMB for this initiative [100]. - The company plans to actively explore new application fields for ceramic membranes, including specialized water treatment and safety drinking water [114]. Corporate Governance and Compliance - The company has committed to timely and complete fulfillment of its obligations to shareholders [118]. - The company has made commitments to ensure no unfair benefit transfer to other entities or individuals [116]. - The company emphasizes compliance with relevant laws and regulations during the repurchase and shareholding increase processes [110]. - The company has not encountered any violations in the management of raised funds during the reporting period [83]. - The company has not reported any changes in the raised funds project during the reporting period [84]. Future Outlook - The company provided a positive outlook for the second half of 2017, projecting a revenue growth of 25% year-on-year [101]. - The company is exploring market expansion opportunities in Southeast Asia, targeting a 15% increase in market penetration by the end of 2018 [106]. - The company plans to implement cost-cutting measures to improve operational efficiency, targeting a reduction of 10% in operational costs by the end of 2017 [106]. - The company aims to maintain a market share of no less than the current level in the domestic ceramic membrane market over the next five years [115].

Financial Performance - Total revenue for Q1 2017 was ¥42,343,169.12, representing a 32.05% increase compared to ¥32,065,756.07 in the same period last year[9] - Net profit attributable to shareholders was ¥2,624,850.43, up 38.33% from ¥1,897,479.70 year-on-year[9] - Net profit excluding non-recurring gains and losses was ¥1,665,046.75, reflecting a 41.85% increase from ¥1,173,802.18 in the previous year[9] - Basic earnings per share increased by 38.23% to ¥0.0546 from ¥0.0395 year-on-year[9] - The company achieved operating revenue of 42.34 million RMB, representing a year-on-year increase of 32.05%[21] - The net profit attributable to the parent company was 2.62 million RMB, reflecting a year-on-year growth of 38.33%[21] - The company reported a total profit for the quarter of CNY 2,917,076.30, an increase from CNY 2,142,002.04 in the same quarter last year, representing a growth of approximately 36.2%[46] Assets and Liabilities - The company's total assets increased by 28.16% to ¥741,112,770.90 from ¥578,264,603.54 at the end of the previous year[9] - Net assets attributable to shareholders rose by 40.43% to ¥550,840,433.93 from ¥392,253,349.45 at the end of the previous year[9] - Cash and cash equivalents increased by 133.01% compared to the end of the previous year, mainly due to the arrival of raised funds during the reporting period[20] - Total liabilities were reported at CNY 187,156,089.64, up from CNY 182,844,943.88, showing a slight increase in financial obligations[39] - The equity attributable to shareholders rose to CNY 550,840,433.93 from CNY 392,253,349.45, demonstrating strong retained earnings growth[40] Cash Flow - The net cash flow from operating activities was negative at -¥37,763,880.94, a significant decline from ¥3,685,200.36 in the same period last year, indicating a 1,124.74% decrease[9] - The company experienced a net cash outflow from operating activities of CNY -37,763,880.94, a significant decrease compared to a net inflow of CNY 3,685,200.36 in the previous year[54] - Cash inflow from financing activities amounted to 163,897,000.00 yuan, with a net cash flow of 155,551,660.72 yuan after outflows[58] - The total cash outflow from operating activities was 60,656,330.60 yuan, compared to 42,415,450.25 yuan in the previous period[58] Operational Efficiency - The company reported a 51.03% increase in operating costs year-on-year, which was in line with the revenue growth[20] - The gross profit margin improved, with operating costs amounting to CNY 25,292,026.41, up from CNY 16,746,613.45, indicating a rise in operational efficiency[46] - The company reported a significant increase in operating profit, which was CNY 1,767,932.43, compared to CNY 1,211,199.85 in the previous year, reflecting a growth of approximately 46%[46] Research and Development - The company is developing ceramic membrane separation technology for ethanol fermentation, aiming to improve fuel ethanol production efficiency and reduce costs by 20%[23] - The membrane technology for sugar production is expected to enhance product quality to first-grade white sugar standards while significantly lowering production costs[23] - The company is advancing the development of small-pore ceramic membranes to meet industry demands, enhancing its competitive position in the inorganic membrane sector[23] - A dual-membrane technology is being developed for deep treatment of industrial wastewater, with the goal of meeting discharge or reuse standards[23] Risks and Challenges - The company faces competition risks from both domestic and international players in the ceramic membrane industry, necessitating ongoing R&D investment and market expansion efforts[11] - The company is exposed to risks related to accounts receivable collection, which may impact cash flow and working capital management[12] - The company reported an asset impairment loss of CNY 729,719.41, compared to CNY 260,407.27 in the previous year, indicating increased challenges in asset management[46] Miscellaneous - The company has implemented measures to protect its core technologies, including patent applications and confidentiality agreements with employees[13] - There were no significant changes or adjustments in the company's products or services during the reporting period[22] - The company has no significant reliance on any single supplier or customer, ensuring stable operations[24][25] - The annual business plan for 2017 is being executed smoothly without significant adjustments[26]

Financial Performance - The company's operating revenue for 2016 was ¥245,949,178.12, representing a 5.09% increase compared to ¥234,033,969.83 in 2015[27]. - The net profit attributable to shareholders decreased by 14.37% to ¥43,064,659.92 in 2016 from ¥50,293,134.75 in 2015[27]. - The net cash flow from operating activities significantly dropped by 64.58% to ¥15,597,078.74 in 2016, down from ¥44,035,038.54 in 2015[27]. - Basic earnings per share fell by 14.38% to ¥0.8964 in 2016, compared to ¥1.0469 in 2015[27]. - The total assets increased by 6.70% to ¥578,264,603.54 at the end of 2016, up from ¥541,960,415.06 at the end of 2015[27]. - The net assets attributable to shareholders rose by 10.81% to ¥392,253,349.45 at the end of 2016, compared to ¥353,992,689.53 at the end of 2015[27]. - The company reported a weighted average return on equity of 11.54% in 2016, down from 15.20% in 2015, a decrease of 3.66%[27]. - The quarterly revenue for Q4 2016 was ¥84,421,319.87, showing a strong performance compared to previous quarters[29]. - The net profit attributable to shareholders in Q3 2016 was ¥24,058,190.52, indicating a robust quarter for the company[29]. - The company achieved a total operating revenue of 246 million yuan in 2016, representing a year-on-year growth of 5.09%[69]. - The net profit attributable to shareholders was 43.06 million yuan, a decrease of 14.37% compared to the previous year[69]. Research and Development - The company has developed multiple core technologies in membrane separation, with most being at a leading domestic or advanced international level[11]. - The company is committed to continuous R&D investment to maintain its competitive edge in technology and product economics[6]. - The company has established a complete R&D system for membrane separation technology, focusing on key ceramic membrane technologies and integrated solutions[49]. - The company has developed three key research directions: foundational technology research, membrane material preparation technology, and membrane application technology, aimed at enhancing production efficiency and expanding application fields[50]. - Research and development expenses for 2016 amounted to 17.93 million yuan, accounting for 7.29% of operating revenue[62]. - The number of R&D personnel increased to 56 in 2016, representing 16.42% of the total workforce, up from 14.48% in 2015[85]. - The company is focusing on the commercialization of new products, including small-pore ceramic membranes, to meet industry demands and improve competitive positioning in the inorganic membrane market[82]. - The company is actively developing new technologies and products, particularly in the ceramic membrane sector, to meet market demands[146]. Market Strategy and Competition - The company is facing increased competition in the domestic ceramic membrane industry, which has affected the gross margin of some products[6]. - The company aims to mitigate risks from downstream industry fluctuations by expanding the application of membrane integration technology solutions and enhancing client relationships[8]. - The company is focused on enhancing the economic benefits of its technology solutions to clients to promote project signings[8]. - The company plans to enhance its market presence through the development of new membrane technologies and expansion into the agricultural and energy sectors[81][82]. - The marketing strategy involves direct promotion through industry conferences, exhibitions, and collaborations with engineering companies to enhance market reach[45]. - The company plans to increase marketing efforts to expand its domestic and international market share, leveraging its public listing to enhance capacity and brand recognition[104]. - The company is strengthening its overseas market development and cooperation with foreign enterprises to drive performance growth[148]. Technology Protection and Intellectual Property - The company has implemented measures to protect its core technologies, including patent applications and confidentiality agreements with employees[11]. - The company recognizes the risk of core technology leakage and has taken steps to mitigate this risk through various protective measures[11]. - The company holds 67 invention patents, 40 utility model patents, and 4 design patents related to membrane separation technology as of December 31, 2016[61]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of 2.00 RMB per 10 shares and issue 6 bonus shares for every 10 shares held, based on a total of 64,140,000 shares[14]. - The cash dividend accounted for 25% of the total profit distribution amount, with a total distributable profit of 311,977,463.52 RMB[111]. - The company has committed to a minimum cash dividend distribution ratio of 20% during its growth phase[112]. - In 2016, the company distributed cash dividends totaling 12,828,000 CNY, which accounted for 29.79% of the net profit attributable to shareholders[113]. - The cash dividend per share for 2016 was 2 CNY for every 10 shares, with a total of 64,140,000 shares as the base[112]. Operational Challenges and Future Outlook - The company anticipates that the absolute value of accounts receivable will increase due to business growth, which may impact cash flow and working capital[9]. - The company has established a management system to adapt to rapid growth, but may need to adjust resource allocation and management processes to meet expansion demands[12]. - The recovery of the macroeconomic environment is positively impacting the investment in downstream industries, which is expected to enhance the company's performance[53]. - The company plans to implement cost-cutting measures to improve operational efficiency, targeting a reduction of 5% in overall expenses[126]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25% and aiming to reach 1.875 billion RMB[124]. Corporate Governance and Compliance - The company strictly adheres to legal regulations and actively contributes to local economic development through tax payments and job creation[175]. - The management emphasized the importance of compliance with regulatory standards to avoid any potential legal issues that could impact operations[124]. - The company will ensure compliance with relevant laws and regulations in all transactions and business activities[133]. - The company will not engage in related party transactions that exceed fair and reasonable commercial terms[133]. Share Structure and Ownership - The total number of shares increased from 48,040,000 in 2015 to 64,140,000 in 2016[112]. - The largest shareholder, Shanghai Dehui Group, holds 41.63% of the shares, amounting to 20,000,000 shares[183]. - The second-largest shareholder, Shanghai Qingzhuo Investment Management Partnership, holds 14.99% of the shares, totaling 7,200,000 shares[183]. - The company has not issued any new securities during the reporting period[182]. - The top ten shareholders of the company are all restricted shareholders, with no public issuance of shares during the reporting period[184].