Dividend Distribution - The company plans to distribute a cash dividend of 2.40 RMB per 10 shares to all shareholders, based on a total of 208,000,000 shares [5]. - The company achieved a net profit of ¥26,633,834.64 in 2018, with a distributable profit of ¥23,970,451.18 for shareholders after a 10% legal surplus reserve deduction [126]. - A cash dividend of ¥2.4 per 10 shares (including tax) is proposed for 2018, totaling ¥49,920,000, with no stock dividends or capital reserve transfers planned [126]. - The cash dividend for 2018 represents 75.25% of the net profit attributable to the parent company, compared to 26.13% in 2017 [128]. - The company has maintained a consistent dividend policy over the past three years, with increasing cash dividends reflecting improved profitability [128]. - The cash dividend distribution plan for 2018 is subject to approval at the shareholders' meeting [127]. - The company emphasizes a profit distribution policy that prioritizes reasonable returns to public shareholders, with a minimum cash dividend of 10% of the distributable profit each year [132]. - The company plans to maintain a cash dividend ratio of at least 80% during mature stages without major capital expenditures, and at least 40% with significant expenditures [132]. - The company will prioritize cash dividends over stock dividends when conditions allow, ensuring liquidity for shareholders [132]. - The company aims to conduct profit distribution at least once a year, within two months after the annual shareholders' meeting, based on available distributable profits [134]. Financial Performance - The company's operating revenue for 2018 was CNY 1,411,690,507.76, representing a 7.47% increase compared to CNY 1,313,564,133.87 in 2017 [18]. - The net profit attributable to shareholders for 2018 was CNY 66,340,362.56, an increase of 8.34% from CNY 61,234,477.38 in 2017 [18]. - The total assets at the end of 2018 were CNY 1,164,059,535.86, reflecting a 5.35% increase from CNY 1,104,992,798.84 at the end of 2017 [18]. - The company's operating profit for 2018 was 85.81 million yuan, reflecting a growth of 10.55% year-over-year [60]. - The company reported a basic earnings per share of CNY 0.319 for 2018, a decrease of 9.63% compared to CNY 0.353 in 2017 [18]. - The weighted average return on equity for 2018 was 9.07%, down from 12.06% in 2017 [18]. - The company achieved total revenue of 477,828,431.67 CNY at the end of the reporting period, with a year-beginning amount of 448,639,777.12 CNY [142]. Research and Development - Research and development investment reached 29.58 million yuan in 2018, a 14.01% increase from the previous year, accounting for 2.1% of operating revenue [54]. - The company has established a continuous investment mechanism for R&D, with R&D expenditures of 29.58 million yuan, 25.95 million yuan, and 18.64 million yuan over the past three years, achieving a compound annual growth rate of 25.99% [69]. - The company has signed cooperation agreements with Central South University for projects related to high-strength busbars for subways and new copper contact lines for electrified railways, supporting its R&D output [69]. - The company’s R&D investment has a compound annual growth rate of 25.99% in recent years, indicating a strong commitment to innovation [54]. Market Position and Strategy - The company maintains strategic partnerships with notable firms such as China CRRC, Schneider Electric, and Siemens, strengthening its customer resource advantages [29]. - The company is focusing on expanding its market share and enhancing product offerings to existing customers, which has led to improved operational performance [43]. - The company has established long-term partnerships with major clients, including Schneider, ABB, and Siemens, ensuring stable demand for its products [50]. - The company is exploring strategic acquisitions to bolster its market position, with a focus on companies that align with its core competencies [200]. - The company plans to accelerate its international market strategy by establishing dedicated R&D and sales teams for overseas markets, aiming to increase export revenue and its proportion in total revenue [112]. Operational Efficiency - The company implemented a "sales-driven production" model, aiming to minimize inventory time while ensuring timely delivery [36]. - The company has seen a significant increase in the bidding volume for railway contact network products due to the growth in railway construction [43]. - Operational efficiency improvements are expected to reduce costs by G%, enhancing overall profitability [200]. - The company is investing in R&D, allocating D million towards new technologies aimed at enhancing product offerings [200]. Risk Management - The company emphasizes the importance of risk awareness in its future operations, as outlined in the report [5]. - The company’s future development outlook includes potential risks that may affect its operations [5]. - The company is focused on strengthening internal controls and governance structures to mitigate operational risks as it expands [70]. - The company employs futures contracts to hedge against price fluctuations in raw materials, particularly electrolytic copper [40]. Corporate Governance - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and senior management [4]. - The company has committed to fulfilling all promises made by shareholders and related parties during the reporting period [130]. - The company’s board of directors must thoroughly discuss and evaluate the cash dividend timing, conditions, and ratios before submitting the profit distribution plan to the shareholders' meeting for approval [134]. - The supervisory board monitors the execution of the cash dividend policy and shareholder return planning, ensuring compliance with decision-making procedures and information disclosure [134]. Shareholder Information - The total number of shareholders at the end of the reporting period was 19,765 [185]. - Major shareholder Jiangyin Kanda Investment Co., Ltd. holds 36.25% of shares, while Chen Lijiao holds 31.25% [185]. - The company has no other shareholders holding more than 10% of shares apart from the major shareholders listed [188]. - The company has established multiple communication channels with investors, including online performance briefings and investor interaction platforms [167].

Financial Performance - Net profit attributable to shareholders was ¥17,985,174.66, reflecting a year-on-year increase of 14.90%[8] - Operating revenue for the period was ¥374,327,613.70, up 9.70% from the same period last year[8] - The company reported a net profit attributable to shareholders after deducting non-recurring gains and losses of ¥15,459,696.65, an increase of 3.20% year-on-year[8] - The net profit for the quarter was CNY 17.99 million, representing a 14.9% increase from CNY 15.65 million in the previous year[35] - The net profit for the current period reached ¥52,825,251.18, representing an increase of 13.5% from ¥46,706,915.64 in the previous period[43] - The total profit for the current period was ¥69,153,657.91, an increase of 14.5% from ¥60,229,419.40 in the previous period[43] Revenue and Costs - Total operating revenue for the third quarter reached CNY 374.33 million, an increase of 9.4% compared to CNY 341.24 million in the same period last year[33] - Total operating costs amounted to CNY 354.05 million, up 10.1% from CNY 321.44 million year-over-year[33] - The company's operating costs for the current period were ¥980,323,847.06, an increase of 9.5% compared to ¥895,267,146.07 in the previous period[42] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,149,717,475.62, an increase of 4.05% compared to the previous year[8] - Total liabilities increased, with short-term borrowings at ¥325,500,000.00, up from ¥321,000,000.00[27] - The company's total assets increased to CNY 805.34 million, compared to CNY 775.81 million at the beginning of the period, reflecting a growth of 3.8%[31] Cash Flow - The net cash flow from operating activities for the year-to-date reached ¥40,145,670.18, a significant increase of 4,683.80%[8] - Cash inflow from investment activities rose by 857.74% to ¥255,624,867.03, mainly from recovered financial investments[16] - Cash flow from operating activities generated a net amount of $40.15 million, a significant improvement from a negative $0.88 million in the previous period[50] Shareholder Information - The total number of shareholders at the end of the reporting period was 20,836[12] - The largest shareholder, Jiangyin Kangda Investment Co., Ltd., holds 36.25% of the shares, amounting to 75,400,000 shares[12] Research and Development - Research and development expenses were CNY 2.23 million, down 45.0% from CNY 4.07 million in the previous year[33] - Research and development expenses amounted to ¥14,709,191.64, an increase of 24.5% from ¥11,837,710.87 in the previous period[42] Investment Income - Investment income grew by 35.50% to ¥6,026,930.04, mainly due to higher financial investment returns[16] - The company reported an investment income of ¥6,026,930.04, an increase from ¥4,447,766.67 in the previous period[43] Cash and Cash Equivalents - Cash and cash equivalents decreased by 95.34% to ¥12,876,840.21, largely due to funds raised from share issuance in the previous year[17] - Cash and cash equivalents at the end of the period totaled $103.38 million, down from $352.97 million at the end of the previous period[51] - The cash and cash equivalents at the end of the period totaled 67,608,933.44 CNY, down from 326,009,930.24 CNY previously[54] Non-Recurring Items - Non-recurring gains and losses totaled ¥5,717,016.09 for the year-to-date[9] - The company experienced an asset impairment loss of ¥-8,817,961.67, compared to a gain of ¥408,872.91 in the previous period[42]

Financial Performance - Total operating revenue for the first half of 2018 was CNY 668,111,835.54, an increase of 9.01% compared to CNY 612,889,401.76 in the same period last year[20]. - Net profit attributable to shareholders was CNY 34,840,076.52, representing a growth of 12.19% from CNY 31,053,462.70 year-on-year[20]. - Net cash flow from operating activities reached CNY 50,888,291.29, up 30.76% from CNY 38,917,445.63 in the previous year[20]. - Basic earnings per share decreased by 15.87% to CNY 0.1675 from CNY 0.1991 in the same period last year[20]. - Operating profit reached ¥45,724,867.00, reflecting a growth of 15.48% compared to the previous year[62]. - The company reported a total comprehensive income of CNY 27,594,031.35 for the current period, compared to CNY 19,091,212.96 in the previous period, an increase of about 44.7%[158]. - The company reported a total revenue of 10,792.4 million RMB for the first half of 2018, reflecting a growth of 31.21% compared to the previous period[83]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,097,188,501.27, a slight decrease of 0.71% from CNY 1,104,992,798.84 at the end of the previous year[20]. - Total liabilities decreased to ¥374,514,405.53 from ¥393,912,734.45, a reduction of 4.9%[150]. - Owner's equity increased to ¥722,674,095.74 from ¥711,080,064.39, marking a growth of 1.4%[150]. - Total current assets amount to 935,252,252.03 RMB, a decrease from 951,616,629.09 RMB at the beginning of the period[148]. - The total amount of raised funds was CNY 265,964,772.47 after deducting various fees, with CNY 40,861,685.00 utilized by June 30, 2018[81]. Production and Operations - The main business of the company includes the research, production, and sales of copper and copper alloy products, specifically electric railway contact network products and copper busbars[28]. - The procurement of raw materials, particularly electrolytic copper, constitutes over 90% of the production costs, with procurement plans based on customer orders and production schedules[37]. - The production model is based on "sales-driven production," ensuring timely delivery while minimizing inventory[36]. - The company emphasizes customized copper components as a growing trend in the industry, enhancing economic efficiency and environmental sustainability[32]. - The company has implemented a futures hedging strategy to mitigate the risk of raw material price fluctuations, specifically through the purchase of copper futures[40]. Market Position and Strategy - The company has established long-term partnerships with major railway construction units, becoming a designated supplier for key projects[47]. - The company has maintained a leading market share in the electrified railway contact network segment, despite facing increasing competition from other manufacturers entering the market[93]. - The company plans to continue optimizing its product structure and developing high-value-added products to mitigate risks from intensified market competition[93]. - The company benefits from national policy support, encouraging the development of copper processing products towards new materials and deep processing[42]. Research and Development - Research and development investment rose to ¥18,718,360.52, a significant increase of 44.96% due to more R&D projects[68]. - The company has obtained 28 patent technology certificates as of June 30, 2018, including 8 invention patents[51]. - The company has a strong research and development capability, contributing to the formulation of national industry standards[50]. Financial Management - The company has not made any significant equity investments during the reporting period[77]. - The company has not engaged in any derivative investments or entrusted loans during the reporting period, maintaining a conservative financial strategy[88]. - The company has established a stable procurement model, ensuring a continuous supply of raw materials and maintaining stable profitability despite price fluctuations[58]. Shareholder Information - The total number of shares increased from 160,000,000 to 208,000,000 due to a profit distribution plan implemented in June 2018[128]. - The profit distribution plan included a cash dividend of CNY 1 per 10 shares and a capital reserve conversion of 3 shares for every 10 shares held[127]. - The company distributed 16,000,000.00 CNY to shareholders during the reporting period[179]. Compliance and Governance - The company has not been penalized for any environmental violations during the reporting period and complies with relevant environmental laws[121]. - The financial report for the half-year period has not been audited[145]. - The company has not encountered any significant changes in the feasibility of its projects or the expected returns from them[83].

Financial Performance - Total revenue for Q1 2018 was CNY 338,369,180.48, representing a 17.60% increase compared to CNY 287,728,754.67 in the same period last year[8] - Net profit attributable to shareholders was CNY 17,393,036.34, a 4.09% increase from CNY 16,710,015.67 year-on-year[8] - Basic earnings per share decreased by 21.91% to CNY 0.1087 from CNY 0.1392 in the same period last year[8] - Operating profit for the current period is $22,813,836.87, compared to $21,181,801.33 in the previous period, reflecting a growth of approximately 7.7%[42] - Net profit for the current period is $17,393,036.34, which is an increase from $16,710,015.67 in the previous period, showing a growth of about 4.1%[42] Cash Flow - Net cash flow from operating activities was CNY 18,432,557.98, a significant improvement from a negative CNY 13,800,789.14 in the previous year[8] - Total cash flow from operating activities is $340,010,931.55, compared to $300,042,161.43 in the previous period, indicating an increase[48] - Cash inflow from investment activities totaled CNY 101,365,273.39, compared to CNY 14,447,766.67 in the previous year, indicating a substantial increase[50] - Cash outflow from investment activities was CNY 101,485,550.00, resulting in a net cash flow from investment activities of CNY -120,276.61, down from CNY 12,440,800.54 last year[50] - The ending balance of cash and cash equivalents was CNY 99,940,754.31, up from CNY 62,624,990.12 at the end of the previous year[50] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,083,700,346.16, down 1.93% from CNY 1,104,992,798.84 at the end of the previous year[8] - Current assets decreased from CNY 951,616,629.09 to CNY 923,435,850.56, a decline of approximately 2.5%[33] - Total liabilities decreased from CNY 393,912,734.45 to CNY 367,159,175.46, a decline of approximately 6.8%[35] - The company's equity attributable to shareholders increased from CNY 711,080,064.39 to CNY 716,541,170.70, reflecting a growth of approximately 0.7%[36] Shareholder Information - Total number of common shareholders at the end of the reporting period is 22,994[15] - The largest shareholder, Jiangyin Kanda Investment Co., Ltd., holds 36.25% of shares, totaling 58,000,000 shares[15] - The second-largest shareholder, Chen Lijiao, holds 31.25% of shares, totaling 50,000,000 shares, with 35,700,000 shares pledged[15] Market and Operational Risks - The company faces risks from market competition, particularly in the electrified railway contact network and copper busbar sectors, where market concentration is high[10] - Future demand for electrified railway contact network products is influenced by national railway construction policies, with potential risks from planning adjustments and funding issues[11] - The company relies heavily on electrolytic copper, which constitutes over 90% of its raw material costs, exposing it to price volatility risks[12] - Management risks are present as the company expands its operations and optimizes its product structure, necessitating improved management capabilities[13] Investment and Fund Utilization - The total amount of raised funds is ¥26,596.48 million, with ¥464.75 million invested in the current quarter[25] - Cumulative investment from raised funds reached ¥3,155.81 million, with a progress rate of 11.79%[25] - The company has utilized ¥50 million of idle raised funds to temporarily supplement working capital, with a repayment period of up to 12 months[26] Changes in Financial Position - Prepayments decreased by 66.90% from 12,075,187.73 to 3,996,429.36 due to reduced advance payments for raw material purchases[19] - Accounts payable decreased by 77.66% from 22,846,523.11 to 5,103,421.54 due to a reduction in raw material payments[19] - Inventory decreased significantly from CNY 214,202,319.82 to CNY 173,321,565.92, a reduction of about 19.1%[33] - Short-term borrowings decreased from CNY 321,000,000.00 to CNY 316,000,000.00, a decline of about 1.2%[34]

Dividend and Profit Distribution - The company plans to distribute a cash dividend of 1.00 RMB per 10 shares to all shareholders, based on a total of 160,000,000 shares [4]. - The company will increase its capital reserve by converting 3 shares for every 10 shares held by shareholders [4]. - The company’s cash dividend policy stipulates that at least 10% of the distributable profit should be distributed as cash dividends each year, with higher percentages for mature stages without major capital expenditures [133]. - The cash dividend accounted for 100% of the total profit distribution for the year [138]. - The company has accumulated undistributed profits of 44,521,606.51 yuan and capital reserves of 369,781,230.37 yuan [138]. - The company’s profit distribution plan must be approved by a two-thirds majority at the shareholders' meeting if it deviates from established policies [135]. - The independent directors have confirmed their responsibilities in the profit distribution process, ensuring minority shareholders' interests are protected [137]. - The company will provide online voting options for shareholders during the profit distribution plan approval process [136]. - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of listing, with a lock-up period that may extend under certain conditions [142]. - The company has a profit distribution policy that mandates a minimum cash dividend of 10% of the distributable profit for the year [148]. - The company aims to distribute profits at least once a year, with distributions occurring within two months after the annual shareholders' meeting [148]. - The company will prioritize cash dividends when conditions allow, with stock dividends considered only if the company’s operational performance is strong and the board deems it necessary [148]. - The company’s cash dividend policy requires that any adjustments to the distribution plan be approved by at least two-thirds of the voting rights at the shareholders' meeting [150]. - The company’s profit distribution policy can be adjusted in response to significant external factors or changes in the company’s operational environment [150]. Financial Performance - The company's operating revenue for 2017 was ¥1,313,564,133.87, representing a 24.01% increase compared to ¥1,059,242,742.63 in 2016 [17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥57,961,567.38, an increase of 9.05% from ¥53,151,102.99 in 2016 [17]. - The company achieved operating revenue of ¥1,313,564,133.87, a year-on-year increase of 24.01% [75]. - The operating profit reached ¥77,619,009.25, reflecting a growth of 7.42% compared to the previous year [75]. - The net profit attributable to shareholders was ¥61,234,477.38, marking an increase of 11.63% year-on-year [75]. - The company reported a net profit of 61,234,477.38 yuan for the year 2017, with a distributable profit of 18,066,750.40 yuan after statutory reserves [138]. - The company reported a total revenue of 26,596.48 million RMB for the year 2017 [111]. Market and Industry Position - The company’s main business involves the R&D, production, and sales of copper and copper alloy products, with no significant changes in the business model during the reporting period [27]. - The company is positioned to benefit from industry consolidation as smaller copper processing enterprises are gradually eliminated from the market [42]. - The electrified railway contact network equipment manufacturing industry in China has reached international advanced levels, with domestic products occupying a significant market share [42]. - The demand for copper processing products is closely tied to macroeconomic development, with stable market demand driven by ongoing national railway construction [41]. - The company has established long-term stable partnerships with major railway construction units, becoming a designated supplier for China Railway Electrification Bureau Group [61]. - The company has been recognized as a high-tech enterprise by Jiangsu Province, with a strong emphasis on R&D capabilities and advanced production equipment [64]. - The company’s products have been widely used in significant electrified railway projects, enhancing its reputation and market presence [62]. Research and Development - The company has established a research center to enhance its R&D capabilities and attract top technical talent [119]. - The company has committed to invest ¥15,804.05 million in a high-strength copper alloy project, with a current investment progress of 3.21% [110]. - The company also committed to a technical upgrade project with an investment of ¥10,792.43 million, currently at 20.23% completion [110]. - Research and development expenses for 2017 totaled ¥25,946,365.14, representing 1.98% of total revenue, with a 39.2% increase from ¥18,635,554.38 in 2016 [92]. - As of December 31, 2017, the company held 25 patent certificates, including 8 invention patents, showcasing its commitment to innovation [66]. Risk Management - The company emphasizes the importance of risk awareness in its future operations, as outlined in the section discussing major risks [4]. - The company faces risks from market competition, particularly in the electrified railway contact network segment, where it currently holds a leading market share [123]. - The company is exposed to risks from fluctuations in downstream market demand, particularly in the railway construction sector, which is influenced by national policies [124]. - The company’s performance may be adversely affected by the inability to manage raw material prices effectively, especially if prices rise significantly [125]. - The company’s main raw material, electrolytic copper, accounts for over 90% of its costs, and fluctuations in copper prices directly impact the company's profitability [125]. Corporate Governance - The company guarantees that no direct or indirect competition will arise between the company and its subsidiaries, maintaining a clear separation of business interests [154]. - The company has established a commitment to avoid unfair benefits to other entities or individuals, safeguarding its financial integrity [152]. - The company has committed to repurchase shares at a price not lower than the average trading price before the suspension of trading, ensuring compliance with market conditions [152]. - The company has a legal obligation to disclose any failure to implement share repurchase measures and to apologize to shareholders and the public [154]. - The company has implemented measures to ensure that executive compensation is linked to the execution of return measures, aligning management incentives with shareholder interests [152]. Shareholder Information - The company has 29,006 ordinary shareholders at the end of the reporting period, an increase from 22,994 at the end of the previous month [198]. - Major shareholders include Jiangyin Kanda Investment Co., Ltd. with a 36.25% stake, and Chen Lijiao with a 31.25% stake [198]. - The company’s total share capital structure changed with the issuance of new shares, impacting the overall equity distribution [197]. - The company’s shareholding structure includes 75% of shares under limited sale conditions post-IPO [192]. - The company’s stock was approved for listing on the Shenzhen Stock Exchange, with trading commencing on September 7, 2017 [193].

Financial Performance - Operating revenue for the current period was CNY 341,242,849.39, representing a 36.83% increase year-on-year[8] - Net profit attributable to shareholders for the current period was CNY 15,653,452.94, up 24.93% year-on-year[8] - Basic earnings per share increased by 12.45% to CNY 0.1174[8] - Operating revenue rose by 31.13% to ¥954,132,251.15 compared to ¥727,613,216.94 in the same period last year, driven by increased sales volume and rising raw material prices[16] - Net profit increased by 30.91% to ¥46,706,915.64 from ¥35,678,766.06, primarily due to higher sales volume[16] - Total operating revenue for the current period reached CNY 954,132,251.15, an increase from CNY 727,613,216.94 in the previous period, representing a growth of approximately 31.1%[39] - The net profit for the current period was CNY 46,706,915.64, compared to CNY 35,678,766.06 in the previous period, indicating a year-over-year increase of about 30.5%[41] - The total comprehensive income for the current period was CNY 39,308,869.97, compared to CNY 37,895,575.41 in the previous period, showing an increase of about 3.7%[42] Assets and Liabilities - Total assets increased by 14.89% to CNY 1,155,757,077.03 compared to the end of the previous year[8] - The company's total assets reached ¥1,155,757,077.03, up from ¥1,005,981,999.64, reflecting overall growth[25] - The company's total liabilities decreased to CNY 209,355,125.93 from CNY 317,385,028.00, a reduction of 34%[30] - The equity attributable to shareholders of the parent company increased to CNY 577,809,339.77, up from CNY 304,296,181.56, marking an increase of 89.7%[30] Cash Flow - Cash flow from operating activities showed a significant improvement, with a net cash flow of CNY -875,817.02, a 98.19% increase compared to the previous year[8] - Cash flow from operating activities showed a negative net amount of ¥875,817.02, a decrease of 98.19% compared to the previous year, indicating higher cash receipts from sales[17] - The company's cash flow from financing activities surged to ¥261,150,174.58, a dramatic increase from a negative cash flow of ¥39,020,000.61, primarily due to the public offering[17] - The cash flow from financing activities resulted in a net inflow of ¥261.15 million, compared to a net outflow of ¥39.02 million in the previous period, indicating a significant turnaround[49] - The net increase in cash and cash equivalents for the period was CNY 301.40 million, compared to a decrease of CNY 1.10 million previously[51] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 41,816[12] - The top shareholder, Jiangyin Kanda Investment Co., Ltd., holds 36.25% of the shares, totaling 58,000,000 shares[12] Other Financial Metrics - The weighted average return on equity was 3.06%, a decrease of 19.05% compared to the same period last year[8] - The company reported non-operating income from government subsidies amounting to CNY 1,806,778.86[9] - The company reported a significant decrease in other receivables by 87.67%, from ¥24,907,421.50 to ¥3,072,100.31, mainly due to the recovery of demolition compensation[16] - The company experienced a 95.22% reduction in notes payable, decreasing from ¥150,500,000.00 to ¥7,200,000.00, as part of the repayment of certain notes during the reporting period[16] - The capital reserve increased by 163.00% to ¥364,590,942.66 from ¥138,626,170.19, attributed to the public offering of shares[16] - Investment income turned positive at ¥4,447,766.67, a significant improvement from a loss of ¥2,539,605.48 in the previous year, mainly due to increased gains from the sale of ineffective hedging investments[16] - The company reported an operating profit of CNY 59,205,593.75 for the current period, compared to CNY 48,722,558.87 in the previous period, marking an increase of about 21.4%[41] - The total tax expenses for the current period were CNY 13,522,503.76, slightly down from CNY 13,625,561.44 in the previous period[41] - The company experienced a decrease in other comprehensive income, with a net amount of CNY -7,398,045.67 for the current period, compared to CNY 2,216,809.35 in the previous period[41] Sales and Expenses - Operating costs amounted to CNY 321,436,413.66, up from CNY 230,039,760.03, reflecting a year-over-year increase of 39.7%[32] - The operating costs for the current period amounted to CNY 895,267,146.07, up from CNY 680,627,252.59 in the previous period, which is an increase of approximately 31.5%[39] - The company reported a significant increase in sales expenses, which rose to CNY 3,567,408.57 from CNY 217,535.10, a staggering increase of 1,539.5%[33] - The company reported a significant increase in sales expenses, which rose to CNY 11,099,119.73 from CNY 10,093,190.79 in the previous period, reflecting a growth of approximately 10%[39]