Financial Performance - Total revenue for the first half of 2019 was RMB 191,208,388.53, a decrease of 4.50% compared to RMB 200,217,150.70 in the same period last year[19]. - Net profit attributable to shareholders was RMB 13,954,095.04, down 26.09% from RMB 18,879,518.45 year-on-year[19]. - Net profit after deducting non-recurring gains and losses was RMB 12,511,461.89, a decline of 34.85% compared to RMB 19,202,810.78 in the previous year[19]. - Basic earnings per share decreased by 59.37% to RMB 0.1422 from RMB 0.35 in the previous year[19]. - The company achieved operating revenue of ¥191,208,388.53, a decrease of 4.5% compared to the same period last year, and a net profit attributable to shareholders of ¥13,954,095.04, down 26.09% year-on-year[43]. - The sales revenue from barcode ribbons was ¥175,244,167.47, representing a decline of 8.90% year-on-year, with a gross margin of 31.17%[51]. - The company reported a net profit of 5 million RMB for the first half of 2019, representing a year-on-year increase of 20%[86]. - The company expects revenue growth of 10% for the second half of 2019, driven by new product launches and market expansion strategies[88]. Cash Flow and Assets - Net cash flow from operating activities was negative RMB 10,136,990.48, worsening by 76.43% from negative RMB 5,745,712.14 in the same period last year[19]. - Cash and cash equivalents decreased by 53.16%, a net reduction of 81.42 million RMB, primarily due to the maturity of certain structured deposits used to purchase principal-protected financial products[28]. - Cash and cash equivalents decreased to ¥71,745,943.84, representing 14.39% of total assets, down from 31.79% year-over-year[54]. - Accounts receivable increased slightly to ¥85,115,468.99, maintaining a stable proportion of 17.08% of total assets[54]. - Inventory rose significantly to ¥90,573,999.51, now accounting for 18.17% of total assets, up from 14.61%[54]. - The company reported cash inflow from investment activities of CNY 188,279,559.93, significantly higher than CNY 29,811,569.64 in the first half of 2018[164]. - The ending cash and cash equivalents balance was CNY 18,531,554.43, down from CNY 169,393,833.25 at the end of the first half of 2018[165]. Liabilities and Equity - Total liabilities increased to CNY 118,042,379.34 from CNY 95,951,157.27, which is an increase of approximately 23.1%[147]. - The equity attributable to the owners of the parent company decreased slightly to CNY 379,423,066.67 from CNY 384,894,943.23, a decline of about 1.2%[147]. - The total equity of the company as of the first half of 2019 was CNY 371,691,705.54, a slight decrease from CNY 375,433,198.57 in the previous year[152]. - The total amount of raised funds was ¥20,374.94 million, with ¥766 million invested during the reporting period[59]. - The total owner's equity at the end of the period was 371,691.70554 million yuan[179]. Research and Development - The company has invested ¥5,778,069.74 in R&D, a decrease of 5.67% compared to the previous year, focusing on developing more environmentally friendly and specialized thermal transfer ribbons[52]. - Research and development expenses increased by 25% year-on-year, totaling 2 million RMB, focusing on new technology innovations[86]. - The company plans to increase R&D investment and enhance cooperation with universities and research institutions to improve its independent innovation capabilities and maintain technological leadership[75]. Market Position and Strategy - The company is a leading domestic enterprise in the thermal transfer ribbon industry, with significant experience in R&D and technology[26]. - The company has established a sales model primarily based on distributors, enhancing sales efficiency across domestic and international markets[36]. - The company has established subsidiaries in the US, UK, India, Mexico, Brazil, and Canada, enhancing its international sales capabilities and reducing the gap with leading global competitors[37]. - The company continues to implement a global localization strategy, aiming to enhance its core competitiveness in major economies by providing customized services and reducing logistics costs[46]. - The company is focusing on expanding its production capacity for high-end products to meet the growing market demand while optimizing existing product quality[45]. Risk Management - The company faces potential risks in its operations, which are detailed in the report[4]. - The company faces risks from rising raw material prices, particularly for specialty polyester films, which could lead to a decrease in gross margin if prices continue to rise[76]. - The company has established a risk management system for its foreign exchange derivative investments, including internal supervision and audit processes[71]. - The company is actively monitoring international exchange rate changes and plans to use forward foreign exchange transactions to mitigate the impact of exchange rate fluctuations on its operating performance[80]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company has committed to a share buyback program, with a budget not exceeding 5% of the last audited net profit, to stabilize stock prices[86]. - The company will comply with relevant regulations from the China Securities Regulatory Commission and other regulatory bodies regarding share reduction[90]. - The company emphasizes the importance of timely and accurate disclosures to maintain investor trust[91]. - The company has a long-term commitment to normal operations and compliance with all relevant regulations[92]. Compliance and Reporting - The financial statements were approved by the board on August 23, 2019, ensuring timely reporting[182]. - The company adheres to the enterprise accounting standards, ensuring the accuracy and completeness of its financial reporting[186]. - The company did not conduct an audit for the semi-annual financial report[94]. - There were no significant litigation or arbitration matters reported during the period[96]. - The company has not reported any other significant matters that require explanation during the reporting period[115].

Financial Performance - The company reported a significant increase in revenue, driven by a rise in demand for thermal transfer ribbons across various industries[6]. - The company's operating revenue for 2018 was ¥405,566,055.34, representing a 7.65% increase compared to ¥376,740,524.87 in 2017[23]. - The net profit attributable to shareholders, excluding non-recurring gains and losses, was ¥31,163,134.79, a decrease of 25.53% from ¥41,847,472.06 in 2017[23]. - Basic and diluted earnings per share were both ¥0.530, down 41.76% from ¥0.91 in 2017[23]. - The total assets at the end of 2018 reached ¥481,766,151.83, a significant increase of 51.61% from ¥317,773,340.76 in 2017[23]. - The net assets attributable to shareholders increased by 137.79% to ¥384,894,943.23 from ¥161,863,681.71 in 2017[23]. - The company reported a net cash flow from operating activities of ¥31,837,984.42, a decrease of 28.48% compared to ¥44,518,614.40 in 2017[23]. - The company experienced a 410.60% increase in cash and cash equivalents, with a net increase of ¥123,169,700 from the initial period[33]. - The company reported a net profit of ¥31,742,408.95, down from ¥44,536,309.88 in the previous year[74]. - The total revenue for the year 2018 was 27,430 million RMB, with a net profit margin of 4.40%[143]. Dividend Policy - The company plans to distribute cash dividends of 3.00 RMB per 10 shares, based on a total of 65,438,000 shares[10]. - The cash dividend for 2018 represents 102.77% of the net profit attributable to ordinary shareholders, indicating a strong commitment to returning value to shareholders[110]. - The company has implemented a cash dividend policy, distributing cash dividends of RMB 2.00 per 10 shares, totaling RMB 13,087,600 for the first half of 2018[104]. - For the fiscal year ending December 31, 2018, the company plans to distribute cash dividends of RMB 3.00 per 10 shares, totaling RMB 19,631,400, and to increase its total share capital by 32,719,000 shares through capital reserve conversion[107]. Market and Product Development - The company is focused on developing new products tailored to diverse customer needs across various sectors, including retail and healthcare[6]. - The company has developed a complete product line of thermal transfer ribbons, including barcode ribbons, fax ribbons, and coding ribbons, catering to various industries[32]. - The company aims to expand high-end product production capacity to meet growing market demand while optimizing existing products[50]. - The company is recognized as a leading domestic enterprise in the thermal transfer ribbon sector, with significant R&D capabilities and competitive advantages globally[31]. - The company is expanding its market presence in Southeast Asia, targeting a 30% increase in sales in that region[176]. - New product launches included a high-performance thermal transfer ribbon, which is expected to capture 25% of the market share within the next year[176]. Risks and Challenges - The gross profit margin is expected to decline due to rising prices of polyester film, which is a key raw material[5]. - The company faces risks related to international trade, particularly due to increasing trade tensions and protectionism, which could impact overseas sales[9]. - The company acknowledges the risk of raw material price volatility impacting its operational costs and profitability[5]. - The proportion of overseas sales in the company's revenue is significant, making it vulnerable to exchange rate fluctuations[10]. - There is a substantial reliance on core technical personnel for new product development, and any loss of these individuals could adversely affect the company's competitive position[8]. Research and Development - The company has established a balanced R&D system focusing on green, widely applicable, and specialized thermal transfer ribbon products[49]. - R&D expenses increased by 31.70% to CNY 13,936,482.85, representing 3.44% of total operating revenue, up from 2.81% in 2017[65][66]. - The company will continue to invest in R&D for environmentally friendly and specialized thermal transfer carbon ribbons[93]. - The company emphasizes the importance of maintaining a balanced R&D system to meet market demands and enhance product offerings[92]. Corporate Governance and Management - The company is improving its governance structure and internal control systems to enhance decision-making and reduce operational risks[52]. - The company is focusing on human resource development to stabilize core employees and optimize management structures[53]. - The company has implemented a transparent performance evaluation and incentive mechanism for its directors and senior management[199]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with governance standards[198]. - The company actively respects and protects the rights of stakeholders, promoting balanced interests among shareholders, employees, and society[200]. Financial Management and Investments - The company has committed a total investment of CNY 20,374.9 million for projects, with CNY 10,429.5 million (57.94%) utilized by the end of the reporting period[83]. - Investment cash inflows increased by 119.78% to ¥175,325,431.38, mainly due to the redemption of idle raised funds from financial products[70]. - Investment cash outflows rose by 211.27% to ¥300,262,933.73, attributed to the purchase of financial products using idle raised funds[71]. - The company has maintained a focus on financial stability with no overdue receivables from entrusted financial management[141]. Shareholder and Stock Information - The company issued 16.5 million shares at a price of RMB 14.70 per share, increasing the total share capital from 48.938 million to 65.438 million shares[156]. - The total number of shareholders at the end of the reporting period was 13,293, with significant holdings by major shareholders such as Han Qiong (15.29%) and Pan Pudun (14.60%)[160]. - The controlling shareholder is Han Qiong, a natural person, who has not changed during the reporting period[162][163]. - The company’s stock was officially listed on the Shenzhen Stock Exchange on April 27, 2018[155]. Compliance and Transparency - The company emphasizes the importance of maintaining the integrity and accuracy of its financial disclosures to uphold investor trust[118]. - Information disclosure is conducted in accordance with regulations, ensuring timely and accurate communication with all shareholders[200]. - The company has committed to fulfilling its disclosure obligations in the prospectus and will publicly explain any failures to meet these commitments[120]. - The company guarantees that all documents and information provided for the public offering are true, accurate, complete, and timely, with no misleading statements or omissions[118].

Financial Performance - Total revenue for Q1 2019 was ¥88,718,934.85, a decrease of 4.32% compared to ¥92,728,871.88 in the same period last year[7] - Net profit attributable to shareholders was ¥6,867,916.91, down 28.02% from ¥9,541,678.26 year-on-year[7] - Net profit excluding non-recurring items was ¥5,967,703.71, reflecting a decline of 36.16% from ¥9,347,175.11 in the previous year[7] - Basic and diluted earnings per share were both ¥0.1050, down 44.74% from ¥0.19 in the same period last year[7] - The weighted average return on equity was 1.77%, a decrease of 3.96% from 5.73% in the previous year[7] - The net profit for the period was 6.91 million yuan, down 28.63% year-on-year, primarily due to increased costs from higher average procurement prices of polyester film[15] - The company reported a net profit margin of approximately 7.5% for Q1 2019, down from 8.5% in Q4 2018, reflecting pressure on profitability[39] - The total comprehensive income for Q1 2019 was CNY 6,707,599.14, a decrease of 27.1% from CNY 9,187,137.67 in Q1 2018[42] - The company's operating profit for Q1 2019 was CNY 7,943,543.65, down 30.5% from CNY 11,463,468.93 in the same period last year[42] Cash Flow - Net cash flow from operating activities was -¥12,783,704.40, a significant decrease of 353.01% compared to ¥5,052,607.52 in the same period last year[7] - Cash flow from operating activities showed a net outflow of 12.78 million yuan, a decrease of 353.01% compared to the previous period[15] - The net cash flow from operating activities was -12,783,704.40 CNY, compared to 5,052,607.52 CNY in the previous period, indicating a significant decline[49] - Total cash inflow from operating activities was 114,471,872.56 CNY, up from 101,616,477.12 CNY year-over-year[49] - The cash outflow from operating activities increased to 127,255,576.96 CNY from 96,563,869.60 CNY, reflecting higher operational costs[49] - The net cash flow from investment activities was -10,819,008.98 CNY, compared to -4,654,016.31 CNY in the previous period, showing increased investment outflows[50] - Cash inflow from investment activities totaled 142,952,822.75 CNY, a significant increase from 21,049.31 CNY in the previous period[50] - Cash outflow from investment activities rose sharply to 153,771,831.73 CNY from 4,675,065.62 CNY, indicating aggressive investment strategies[50] - The net cash flow from financing activities was 12,737,512.13 CNY, compared to -5,550,529.38 CNY in the previous period, suggesting improved financing conditions[50] Assets and Liabilities - Total assets at the end of the reporting period were ¥483,368,717.80, an increase of 0.33% from ¥481,766,151.83 at the end of the previous year[7] - The total assets of the company stood at CNY 483,368,717.81, a slight increase from CNY 481,766,151.83[31] - The total liabilities decreased to CNY 113,516,745.83 from CNY 108,732,314.38 in the previous quarter, showing improved financial stability[37] - The equity attributable to shareholders increased to CNY 383,750,717.20 from CNY 375,433,198.57, indicating a positive trend in retained earnings[38] - Short-term borrowings increased by 57.78% to 35.5 million yuan, reflecting new loans obtained during the period[15] - Short-term borrowings increased to CNY 35,500,000.00 from CNY 22,500,000.00, indicating a rise in financial leverage[31] Operational Highlights - The company received government subsidies amounting to ¥1,052,427.38 during the reporting period[8] - The company had approximately 42.8 million square meters of barcode product orders on hand at the end of the reporting period[16] - The company has not experienced significant changes in its top five suppliers or customers, indicating stable operational relationships[17][18] - The company has postponed the expansion project for high-performance thermal transfer imaging materials to June 30, 2020, due to funding delays[23] - The global marketing center construction project has also been delayed to June 30, 2020, to ensure effective implementation and local service[23] Research and Development - Research and development expenses rose to CNY 3,216,306.47, up from CNY 2,594,836.23 in Q4 2018, indicating a focus on innovation[39] - Research and development expenses for Q1 2019 were CNY 2,211,011.16, slightly up from CNY 2,164,820.93 in Q1 2018, indicating a focus on innovation[44]

Financial Performance - The company reported a significant increase in revenue, with total sales reaching RMB 65,438,000 for the year 2018, marking a substantial growth compared to the previous year[10]. - The company's operating revenue for 2018 was ¥405,566,055.34, representing a 7.65% increase compared to ¥376,740,524.87 in 2017[23]. - The net profit attributable to shareholders for 2018 was ¥31,837,984.42, a decrease of 28.48% from ¥44,518,614.40 in 2017[23]. - The net cash flow from operating activities decreased by 61.09% to ¥13,922,887.96 in 2018 from ¥35,782,805.13 in 2017[23]. - The total assets at the end of 2018 increased by 51.61% to ¥481,766,151.83 from ¥317,773,340.76 at the end of 2017[23]. - The net assets attributable to shareholders rose by 137.79% to ¥384,894,943.23 at the end of 2018 from ¥161,863,681.71 at the end of 2017[23]. - The company reported a basic earnings per share of ¥0.530 in 2018, down 41.76% from ¥0.91 in 2017[23]. - The company experienced a significant increase in construction in progress, growing by 1176.33% to a net increase of ¥10,685,900.00, primarily due to the expansion project for high-performance thermal transfer imaging materials[33]. - The cash and cash equivalents increased by 410.60%, with a net increase of ¥123,169,700.00, mainly due to the proceeds from the initial public offering[33]. - The accounts receivable increased by 32.93%, with a net increase of ¥20,648,500.00, attributed to higher sales and increased credit terms due to insurance[34]. Dividend Policy - The company plans to distribute a cash dividend of RMB 3.00 per 10 shares to all shareholders, based on the aforementioned revenue figure[10]. - The cash dividend for 2018 represents 100% of the total profit distribution amount, reflecting a strong commitment to shareholder returns[106]. - The company has maintained a consistent cash dividend policy, with the 2018 cash dividend amounting to 102.77% of the net profit attributable to ordinary shareholders[110]. - The company approved a cash dividend of RMB 3.00 per 10 shares, totaling RMB 19,631,400, based on a total share capital of 65,438,000 shares[107]. Market and Product Development - The company faces risks related to new product development, particularly in the thermal transfer ribbon sector, which serves diverse industries such as retail, transportation, and healthcare[6]. - The company emphasizes the importance of tracking customer needs to remain competitive in the market, particularly in the context of rapid product development[6]. - The company is focused on expanding its market presence and enhancing its product offerings to meet diverse customer demands across various sectors[6]. - The company aims to expand high-end product production capacity to meet growing market demand while optimizing existing products[50]. - The company plans to enhance its online sales channels, aiming for a 50% increase in e-commerce revenue by the end of the next fiscal year[182]. - New product development includes the launch of a high-performance thermal transfer ribbon, expected to capture 30% of the market share within the first year[182]. - The company is expanding its market presence in Southeast Asia, targeting a 25% increase in sales in that region over the next two years[182]. Risks and Challenges - The rising prices of polyester film, a key raw material, pose a risk to the company's gross margin due to the lag in sales price adjustments[5]. - The company’s overseas sales constitute a large portion of its revenue, making it vulnerable to international trade risks, including political instability and trade disputes[9]. - Currency fluctuations present a risk to the company's financial performance, as a substantial portion of sales revenue is denominated in USD[10]. - There is a significant reliance on core technical personnel for innovation, and any leakage of core technology or loss of key staff could adversely affect the company's operations[8]. Research and Development - The company maintains a strong competitive edge through its focus on R&D and innovation, being one of the first in China to produce thermal transfer ribbons and break international monopolies in high-end products[35]. - The company has established a balanced R&D system focusing on high-end, environmentally friendly, and specialized thermal transfer ribbon products[49]. - R&D expenses increased by 31.70% to CNY 13,936,482.85, representing 3.44% of total revenue, up from 2.81% in 2017[66]. - The company plans to continue investing in R&D for environmentally friendly and specialized thermal transfer carbon ribbons, ensuring a comprehensive product structure[93]. Corporate Governance and Management - The board of directors has confirmed the accuracy and completeness of the financial report, ensuring accountability for the information presented[3]. - The company has improved its governance structure and internal control systems to enhance decision-making and reduce operational risks[52]. - The company emphasizes human resource development, creating a reasonable compensation and incentive system to retain core employees[53]. - The company has established a compensation system that aligns with its growth and development strategy, incorporating both base salary and performance bonuses[199]. - The company will focus on developing a stable middle and senior management team through internal talent cultivation and external recruitment[97]. Shareholder Relations - The company’s controlling shareholders have committed to increasing their holdings in the company’s stock[113]. - The company will not repurchase more than 2% of the total share capital within 12 months[113]. - The company’s executives are subject to a 25% limit on the number of shares they can transfer annually during their tenure[112]. - The company will ensure that any share reduction does not affect the controlling shareholder's status[116]. Social Responsibility and Community Engagement - The company maintained a commitment to social responsibility, balancing economic and social benefits[153]. - The company actively contributed to local economic development by adhering to legal regulations and expanding employment opportunities[153]. - The company has not engaged in targeted poverty alleviation work during the reporting period and has no subsequent plans for such initiatives[154].

Financial Performance - Total revenue for the reporting period was CNY 200,217,150.70, an increase of 8.51% compared to CNY 184,515,345.54 in the same period last year[19]. - Net profit attributable to shareholders decreased by 16.72% to CNY 18,879,518.44 from CNY 22,669,639.56 year-on-year[19]. - Basic earnings per share decreased by 23.91% to CNY 0.350 from CNY 0.46 in the same period last year[20]. - The gross profit margin decreased to 10.8% from 14.0% year-on-year, indicating a decline in profitability[150]. - The company reported a decrease in comprehensive income of CNY 63,465.31 during the current period[169]. Cash Flow and Investments - Net cash flow from operating activities turned negative at CNY -5,745,712.14, a decline of 133.74% compared to CNY 17,028,420.42 in the previous year[19]. - The cash balance at the end of the period was 119,446,648.96 CNY, up from 16,617,899.50 CNY in the previous period[163]. - Cash inflow from operating activities totaled 176,805,579.60 CNY, up from 168,527,912.47 CNY year-on-year[161]. - Cash outflow for investing activities was 68,638,253.56 CNY, compared to 35,137,915.16 CNY in the previous period, indicating increased investment[162]. - The company paid 75,903,959.60 CNY in debt repayment, compared to 37,035,206.60 CNY previously[159]. Shareholder Information - The company reported a cash dividend of 2 RMB per 10 shares, based on a total of 65,438,000 shares, amounting to a total distribution of 13,087,600 RMB[5]. - The company has committed to a share lock-up period of 36 months from the date of stock listing, during which shareholders cannot transfer or entrust their shares[85]. - The company will not use less than 5% of the previous year's audited net profit for share buybacks[86]. - The controlling shareholder must use at least 20% of the total cash dividends received since the company's listing for share buybacks, not exceeding the total cash dividends received[87]. - The company has established a long-term commitment to maintain shareholder value through strategic measures[85]. Corporate Governance and Compliance - The company has improved its governance structure and internal control systems to mitigate operational risks and protect investor interests[48]. - The company guarantees that all documents and information provided for the public offering of shares are true, accurate, complete, and timely[91]. - The company did not engage in derivative investments or entrusted loans during the reporting period[70][71]. - There were no major litigation or arbitration matters during the reporting period[96]. - The company did not experience any penalties or rectification situations during the reporting period[97]. Market Presence and Strategy - The company has established various subsidiaries, including TODAYTEC U.S. CORPORATION and TODAYTEC INDIA PRIVATE LIMITED, indicating its international presence[10]. - The company has established subsidiaries in the US, UK, India, Mexico, Brazil, Canada, France, and South Korea, enhancing its international market presence[38]. - The company has implemented a global localization strategy to enhance marketing channels and reduce logistics costs, aiming to compete with international enterprises[47]. - The company focuses on continuous R&D to improve product quality and reduce costs, with an emphasis on high-end product production capacity[45][46]. - The company has developed a comprehensive product line in thermal transfer ribbons, including barcode ribbons, fax ribbons, and coding ribbons, catering to various industrial applications[26][27]. Risk Management - The company emphasizes the importance of risk factors in its operations, as detailed in the report, highlighting its commitment to risk management[5]. - The company faces risks related to international trade and currency fluctuations, with significant overseas sales primarily denominated in USD[78]. - The company has implemented measures to mitigate risks associated with core technology leakage and personnel turnover[76]. - The rising prices of polyester film, a key raw material, may reduce the company's gross margin, prompting management to improve cost control and supplier negotiations[75]. - The company has not identified any significant issues that would raise doubts about its ability to continue as a going concern for the next 12 months[181]. Financial Position - Total assets increased by 60.66% to CNY 510,548,756.54 from CNY 317,773,340.76 at the end of the previous year[20]. - Net assets attributable to shareholders rose by 137.60% to CNY 384,593,359.34 from CNY 161,863,681.71 at the end of the previous year[20]. - Total current assets increased to CNY 359,273,472.86 from CNY 163,328,047.92, representing a growth of 120%[141]. - Total liabilities decreased to CNY 125,074,810.45 from CNY 154,902,758.51, a reduction of 19.3%[142]. - Owner's equity increased to CNY 385,473,946.09 from CNY 162,870,582.25, representing a growth of 136.5%[143].

Financial Performance - Operating revenue decreased by 7.82% to CNY 88,605,946.67 compared to the same period last year[7] - Net profit attributable to shareholders decreased by 55.69% to CNY 5,462,012.75 compared to the same period last year[7] - Basic earnings per share decreased by 66.85% to CNY 0.0835 compared to the same period last year[7] - The net profit for the current period is CNY 24,626,618.32, a decrease from CNY 35,198,110.44 in the previous period, reflecting a decline of approximately 30.00%[41] - The company reported a decrease in total profit to ¥25,388,606.27, down from ¥43,029,085.04 in the previous period[45] Assets and Liabilities - Total assets increased by 59.45% to CNY 506,687,399.57 compared to the end of the previous year[7] - Total liabilities decreased to CNY 125,762,094.01 from CNY 115,728,086.04, a reduction of 8.9%[29] - The total equity attributable to shareholders rose to CNY 369,483,006.71 from CNY 156,782,914.24, an increase of 135.0%[30] - Cash and cash equivalents increased to ¥164,181,272.23 from ¥29,997,449.28, a growth of 447.32% due to the funds raised from the initial public offering[15] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 14,512,004.79, a decrease of 164.62% compared to the same period last year[7] - The net cash flow from operating activities turned negative at -¥14,512,004.79, a decline of 164.62% due to increased inventory[15] - Cash inflows from financing activities totaled ¥267,267,591.59, while cash outflows amounted to ¥112,871,252.56[52] - The net cash flow from financing activities was ¥154,396,339.03, compared to a negative cash flow of ¥15,900,369.21 in the previous period[52] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,983[11] - The top three shareholders held a combined 42.25% of the shares, with the largest shareholder holding 15.29%[11] - The company distributed cash dividends of ¥2.00 per share, totaling ¥13,087,600.00, based on a total share capital of 65,438,000 shares[17] Research and Development - Research and development expenses grew by 53.65% to ¥10,805,496.62, indicating a stronger focus on new product development[15] - Research and development expenses increased to CNY 4,679,893.96, up from CNY 1,838,913.65, representing a growth of 154.5%[31] - Research and development expenses for the current period amount to CNY 10,805,496.62, compared to CNY 7,032,481.86 in the previous period, showing an increase of approximately 53.00%[40] Other Income and Expenses - Non-operating income included government subsidies amounting to CNY 1,566,882.14[8] - The company reported a significant foreign exchange gain of ¥4,534,909.54, a turnaround from a loss of -¥1,564,529.55, driven by the appreciation of the USD against the RMB[15] - The company reported a significant increase in other comprehensive income, with a net amount of CNY 797,298.01 compared to a loss of CNY 170,570.00 in the previous year[33] Inventory and Prepayments - Prepayments rose significantly by 289.42% to ¥10,051,998.22, attributed to increased procurement of materials[15] - Inventory levels increased by 70.45% to ¥98,529,386.78, reflecting higher raw material stock due to the seasonal sales downturn[15] - Inventory levels rose to CNY 62,937,178.36, compared to CNY 32,511,209.56, indicating a 93.5% increase[28] Operating Costs - Operating costs for the current period are CNY 266,387,541.34, up from CNY 241,320,393.93, indicating an increase of about 10.41%[40] - The company incurred sales expenses of CNY 33,342,800.78, a decrease from CNY 37,870,807.24 in the previous period, reflecting a reduction of about 12.00%[40] - The financial expenses for the current period are CNY 2,588,372.63, down from CNY 2,923,893.68, indicating a decrease of approximately 11.43%[40]