Financial Performance - The company's operating revenue for 2021 was CNY 1,257,891,243.35, representing a 22.34% increase compared to CNY 1,028,183,929.29 in 2020[19]. - The net profit attributable to shareholders for 2021 was CNY 169,143,803.18, a decrease of 29.36% from CNY 239,451,231.60 in 2020[19]. - The net cash flow from operating activities decreased by 78.10% to CNY 59,587,145.07 in 2021, down from CNY 272,124,161.72 in 2020[19]. - Basic earnings per share for 2021 were CNY 1.06, down 29.33% from CNY 1.50 in 2020[19]. - Total assets at the end of 2021 were CNY 2,318,564,220.64, an increase of 15.07% from CNY 2,014,887,513.29 at the end of 2020[19]. - The company's net assets attributable to shareholders increased by 5.65% to CNY 1,872,635,312.43 at the end of 2021, compared to CNY 1,772,553,082.68 at the end of 2020[19]. - The company reported a total of CNY 6,451,376.42 in non-recurring gains and losses for 2021, down from CNY 16,638,126.38 in 2020[24]. - The company experienced a significant decline in net profit margin, with a weighted average return on equity of 9.34% in 2021, down from 14.32% in 2020[19]. - The company achieved operating revenue of 1,257.89 million yuan, a year-on-year increase of 22.34%, and a net profit of 168.11 million yuan, a year-on-year decrease of 29.78%[34]. - The company reported a revenue increase of 15% year-over-year, reaching 1.2 billion RMB in the latest fiscal year[108]. - The company reported a total revenue of 1.5 billion RMB for the fiscal year 2021, representing a year-over-year growth of 20%[154]. Market and Sales - The company reported overseas sales revenue of 751.43 million yuan, accounting for 62.45% of total operating income, with foreign exchange losses due to fluctuations amounting to 11.55 million yuan[5]. - Domestic sales revenue was 451.84 million yuan, representing 37.55% of total revenue, with a year-on-year increase of 41.40%[39]. - The company anticipates continued growth in the smart parcel locker market, driven by the expansion of e-commerce and logistics sectors globally[4]. - The company aims to maintain stable growth in overseas sales revenue as a key focus for 2022, with an emphasis on expanding into new overseas markets[81]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share within the next two years[108]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share in the region by 2023[158]. - The company is expanding its market presence in Southeast Asia, targeting a 15% market share within the next two years[180]. Research and Development - The company invested 93.92 million yuan in R&D, a year-on-year increase of 33.96%, accounting for 7.47% of total revenue[39]. - The company has a total of 467 intellectual property rights, including 19 invention patents, 191 utility model patents, 89 design patents, and 168 software copyrights[40]. - Research and development expenses increased by 30%, amounting to 150 million RMB, to enhance product innovation[108]. - The company plans to invest 200 million RMB in R&D for new technologies aimed at enhancing user experience and product functionality[173]. - The company is investing heavily in R&D, with an allocation of 200 million yuan for the development of new technologies and products in 2022[187]. - The company plans to focus on the R&D of new products such as unmanned vehicles, disinfection products, and RFID cabinets, ensuring continuous optimization and necessary upgrades of existing products[83]. Risks and Challenges - The company faces risks from rising raw material prices, which could impact cash flow and profit margins if costs cannot be passed on to customers[5]. - The company is exposed to customer concentration risk, with a significant portion of revenue derived from a few large clients, which could adversely affect performance if these clients reduce orders[5]. - The company acknowledges potential impacts from macroeconomic downturns and pandemic-related disruptions on demand for smart parcel lockers[4]. - The company faces risks from downstream industry downturns, particularly in the express delivery sector, which could lead to reduced demand for smart parcel lockers[84]. - The company is proactively managing raw material price increase risks through strategic material reserves and hedging in the futures market[87]. Corporate Governance - The company held 2 shareholder meetings during the reporting period, including 1 annual and 1 extraordinary meeting, with participation rates of 66.35% and 59.12% respectively[99]. - The board of directors consists of 9 members, including 6 non-independent directors and 3 independent directors, complying with legal requirements[94]. - The company maintains independence from its controlling shareholders in terms of assets, personnel, finance, organization, and business operations[97]. - The company has established a complete and independent financial accounting system, with separate bank accounts and independent tax obligations[98]. - The company has established a robust internal control system to enhance management levels continuously[93]. - The company has committed to ensuring the accuracy, completeness, and timeliness of its IPO documentation and will assume legal responsibilities for any discrepancies[196]. Future Outlook - The company provided a future outlook with a revenue guidance of 1.5 billion RMB for the next fiscal year, representing a 25% increase[108]. - The company provided guidance for the next fiscal year, projecting a revenue growth of 20% to reach approximately 1.8 billion RMB[191]. - The company plans to implement cost-cutting measures aimed at reducing operational expenses by 10% in the upcoming fiscal year[176]. - The company plans to implement cost reduction and efficiency improvement measures in production, including the introduction of highly automated equipment to lower labor costs and enhance product quality[83]. - The company aims to improve operational efficiency, targeting a 5% reduction in costs by the end of the next fiscal year[108]. Employee and Social Responsibility - The total remuneration for the current directors, supervisors, and senior management in 2021 amounted to CNY 4.9995 million[116]. - The company has implemented a performance evaluation system to enhance employee motivation and satisfaction[129]. - The company emphasizes employee training and development, offering personalized training programs to enhance work quality and efficiency[144]. - Employee benefits include mandatory social insurance and additional perks such as meal allowances and holiday bonuses[144]. - The company actively engages in tax compliance and contributes to national revenue while promoting employment through public recruitment[144]. Strategic Initiatives - The company has established subsidiaries in various regions, including the United States and Vietnam, to enhance market presence and product export capabilities[12]. - The company is exploring operational models through its subsidiary, focusing on self-service electronic lockers and other customized interactive devices[32]. - The company completed a strategic acquisition of a local tech firm for 500 million RMB, aimed at bolstering its product offerings and market reach[182]. - A new strategic partnership was announced, expected to generate an additional 100 million RMB in revenue over the next year[108].

Financial Performance - The company's revenue for Q3 2021 was ¥284,514,370.21, a decrease of 10.37% compared to the same period last year[3] - Net profit attributable to shareholders was ¥32,757,418.42, down 62.05% year-on-year[3] - Total operating revenue for Q3 2021 was CNY 833,135,079.40, an increase of 4.4% compared to CNY 794,586,907.85 in the same period last year[22] - Net profit for Q3 2021 was CNY 78,449,409.20, a decrease of 61.0% from CNY 200,828,500.03 in Q3 2020[23] - Basic and diluted earnings per share for Q3 2021 were both CNY 0.49, down from CNY 1.260 in Q3 2020[24] Cash Flow - The net cash flow from operating activities was ¥9,340,814.14, reflecting a significant decline of 93.93%[3] - The net cash flow from operating activities decreased by 93.93%, amounting to CNY 9.34 million, attributed to a decline in cash received from sales compared to the previous year[10] - The net cash flow from investing activities saw a decrease of 119.27%, totaling CNY 30.13 million, mainly due to reduced cash inflows from matured financial products[10] - The net cash flow from financing activities dropped by 158.77%, amounting to CNY 43.57 million, primarily due to the issuance of bank acceptance bills against large time deposits[10] - The company's cash and cash equivalents decreased by 118.89%, totaling CNY 70.39 million, reflecting reduced net cash flows from operating, investing, and financing activities[10] Assets and Liabilities - Total assets increased by 13.15% to ¥2,279,876,869.28 compared to the end of the previous year[4] - Total assets as of Q3 2021 amounted to CNY 2,279,876,869.28, up from CNY 2,014,887,513.29 at the end of the previous year[19] - Total liabilities increased to CNY 493,671,753.61, compared to CNY 242,071,844.15 in the same period last year, indicating a growth of 104.8%[19] - Total liabilities amounted to CNY 242,071,844.15, with a total equity of CNY 1,772,815,669.14[30] Equity and Investments - The company's equity attributable to shareholders rose by 0.78% to ¥1,786,398,503.34[4] - The company reported a total of CNY 1,786,398,503.34 in equity attributable to shareholders, an increase from CNY 1,772,553,082.68 in the previous year[19] - The company has made significant investments in new projects, including a partnership in Zhuhai, which contributed to long-term equity investments of ¥30,064,019.31[9] - The company's long-term equity investments were valued at CNY 30,064,019.31, with no previous value reported[19] Expenses - Research and development expenses rose by 36.70% to ¥70,507,741.82, indicating a commitment to innovation[9] - Total operating costs for Q3 2021 were CNY 754,355,119.10, up 28.0% from CNY 589,044,133.76 in Q3 2020[22] - The company reported a 70.62% increase in financial expenses, totaling ¥2,168,250.00, attributed to higher interest payments[9] - Cash outflow for employee compensation increased to CNY 213,181,157.21, up 44.3% from CNY 147,797,040.01 in the previous period[25] Accounts Receivable and Inventory - Accounts receivable increased by 101.95% to ¥118,634,684.99, primarily due to increased revenue and outstanding payments[7] - Accounts receivable increased to CNY 118.63 million from CNY 58.75 million, indicating a significant rise in outstanding payments[17] - Inventory levels rose to CNY 416.99 million, up from CNY 313.38 million, reflecting increased stock levels[17] Impairment Losses - The company reported a significant increase in credit impairment losses, totaling CNY 466.79 million, a rise of 93.81% compared to the previous period[10] - Asset impairment losses reached CNY 2.28 million, marking a 115.77% increase, primarily due to an increase in inventory write-downs[10] Compliance and Adjustments - The company adjusted its financial statements to comply with new leasing standards, impacting the balance sheet[27] - The company has not undergone an audit for the third quarter report, which may affect the reliability of the financial data presented[31]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥548,620,709.19, representing a 14.98% increase compared to ¥477,145,013.53 in the same period last year[22]. - The net profit attributable to shareholders for the first half of 2021 was ¥46,147,964.91, a decrease of 59.70% from ¥114,517,646.60 in the previous year[22]. - The basic earnings per share for the first half of 2021 was ¥0.29, down 59.72% from ¥0.72 in the previous year[22]. - The company's revenue for the reporting period reached ¥548,620,709.19, representing a year-on-year increase of 14.98% compared to ¥477,145,013.53 in the previous year[48]. - The net profit for the period was 46.15 million yuan, showing a year-on-year decline of 59.70%[39]. - The gross profit margin decreased to 37.46%, down by 6.49% compared to the same period last year[51]. - The company reported a total comprehensive income of 1,661.00 million for the current period, reflecting a significant increase from the previous period[180]. Cash Flow and Financial Position - The net cash flow from operating activities was -¥28,078,221.80, a decline of 117.88% compared to ¥157,048,217.29 in the same period last year[22]. - Cash and cash equivalents decreased by 173.93% to CNY -62.24 million, primarily due to reduced cash flow from operating and financing activities[51]. - The company's total liabilities increased to CNY 441,299,651.56 from CNY 242,071,844.15, which is an increase of approximately 82.6%[151]. - The total equity attributable to shareholders decreased to CNY 1,752,877,476.97 from CNY 1,772,553,082.68, a decline of about 1.1%[152]. - The company reported a cash inflow of CNY 34.43 million from tax refunds in the first half of 2021, compared to CNY 15.15 million in the same period of 2020[167]. Research and Development - Research and development investment totaled ¥46,794,600, an increase of 47.18% year-on-year, accounting for 8.53% of the company's operating income[45]. - The R&D model is primarily self-driven, with the company possessing core technology for product development, including hardware and software solutions[33]. - The company has accumulated 12 invention patents, 139 utility model patents, and 83 design patents as of June 30, 2021, reflecting its commitment to intellectual property[45]. - Research and development expenses increased by 30% in the first half of 2021, reflecting the company's commitment to innovation[75]. Market and Product Development - The main business focuses on smart custody and delivery solutions, with products categorized into four main types: smart parcel lockers, self-service electronic storage cabinets, intelligent temperature-controlled vending machines, and customized smart delivery devices[29][30]. - The company plans to expand its annual production capacity of smart parcel lockers by 80,000 units, with a total investment commitment of RMB 391.78 million[68]. - The company has begun mass production of its meal pickup cabinets and has completed product development in collaboration with well-known domestic operators[41]. - The company is expanding its market presence in Southeast Asia, targeting a 15% market share by the end of 2022[79]. Risks and Challenges - The company is facing risks as described in the management discussion and analysis section, which investors should pay attention to[5]. - The increase in raw material prices and market competition has negatively impacted the company's gross profit margin[39]. - The company has identified potential risks from a slowdown in the e-commerce and express delivery sectors, which could impact demand for its smart parcel lockers[86]. - The company is facing risks from intensified market competition and is committed to improving product quality and innovation capabilities[87]. Shareholder Information - The total number of shares before the change was 160,000,000, with a decrease of 1,481,696 shares, resulting in 158,518,304 shares after the change[130]. - The largest shareholder, Gan Deyi, holds 20.86% of shares, totaling 3,000,000 shares[135]. - The company has a diverse shareholder base, including institutional investors and individual shareholders[136]. - The report indicates no significant changes in shareholding for the top shareholders during the reporting period[136]. Corporate Governance and Compliance - The company has not reported any significant changes in accounting policies or prior period error corrections during this reporting period[182]. - There were no significant lawsuits or arbitration matters during the reporting period[110]. - The company has not engaged in any related party transactions during the reporting period[111]. - The semi-annual financial report for 2021 was not audited[147].

Revenue and Profitability - Revenue for Q1 2021 was CNY 285,189,795.87, representing a 15.59% increase compared to CNY 246,728,435.19 in the same period last year[12] - The company achieved operating revenue of 285.19 million yuan, a year-on-year increase of 15.59%[33] - The net profit attributable to shareholders decreased by 40.48% to CNY 39,478,236.55 from CNY 66,331,669.39 year-on-year[12] - The net profit attributable to shareholders was 39.48 million yuan, a year-on-year decrease of 40.48%[33] - Basic earnings per share dropped by 39.02% to CNY 0.25 from CNY 0.66 in the same period last year[12] - Basic and diluted earnings per share for Q1 2021 were both CNY 0.25, down from CNY 0.41 in Q1 2020[64] - The total comprehensive income for the quarter was CNY 23,990,126.37, down from CNY 50,972,832.77 year-over-year, indicating a decline of 53.16%[68] Cash Flow and Financial Position - Net cash flow from operating activities was negative at CNY -55,714,890.67, a decline of 146.54% compared to CNY 119,725,618.87 in the previous year[12] - Cash flow from operating activities showed a net outflow of 55.71 million yuan, a significant decrease compared to the previous year[32] - The company's cash and cash equivalents decreased to CNY 1,098,604,299.24 from CNY 1,115,479,291.49, representing a decline of about 1.5%[51] - The net cash flow from investment activities was -1,088,283.73 CNY in Q1 2021, compared to 12,367,339.63 CNY in Q1 2020[75] - The total cash and cash equivalents at the end of Q1 2021 amounted to 763,551,062.55 CNY, down from 625,808,746.42 CNY in Q1 2020[75] - The cash inflow from financing activities was 20,000,000.00 CNY, while the cash outflow was 4,900,000.00 CNY, resulting in a net cash flow of 15,100,000.00 CNY[75] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,036,920,578.89, an increase of 1.09% from CNY 2,014,887,513.29 at the end of the previous year[12] - Total assets as of the end of Q1 2021 were CNY 1,814,645,069.62, slightly down from CNY 1,819,167,215.64 at the end of the previous quarter[59] - Total liabilities decreased to CNY 223,632,585.15 from CNY 242,071,844.15, a decline of approximately 7.6%[53] - Total liabilities at the end of Q1 2021 were CNY 172,542,188.28, a decrease of 14.2% from CNY 201,054,460.67 in the previous quarter[59] - The company's equity attributable to shareholders increased to CNY 1,813,042,837.51 from CNY 1,772,553,082.68, reflecting an increase of about 2.3%[55] Research and Development - Research and development expenses rose by 52.09% to 21.84 million yuan as the company increased its R&D investment[29] - Research and development expenses for Q1 2021 were CNY 21,838,660.09, up 52.4% from CNY 14,358,786.87 in Q1 2020[62] - The company aims to increase R&D investment and strengthen its R&D team to enhance its independent R&D capabilities and core competitiveness[36] Market and Competitive Environment - The company faces risks related to the economic downturn affecting the e-commerce and express delivery sectors, which could impact demand for its products[35] - The company faces competitive pressure from industry peers who are enhancing R&D capabilities, expanding production capacity, and reducing product prices, which could negatively impact its business and profitability if it fails to maintain core competitiveness[36] - The company has a high revenue dependency on a few large clients in the smart parcel locker industry, which poses a risk if these clients reduce their business cooperation[37] - The company is actively seeking to expand its customer base and optimize its client structure to mitigate risks associated with client dependency[37] Foreign Exchange and Risk Management - The company is exposed to foreign exchange risks due to its overseas clients primarily using USD for transactions, which could affect its competitiveness and profitability[39] - The company plans to establish effective foreign exchange risk management strategies and utilize hedging tools to mitigate currency fluctuation risks[39] Other Financial Information - The company reported non-operating income of CNY 1,862,974.07 from government subsidies closely related to business[14] - The company did not engage in any repurchase transactions during the reporting period[19] - There were no significant changes in the number of restricted shares during the reporting period[21] - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[46] - There were no violations regarding external guarantees during the reporting period[46] - The company has not conducted any research, communication, or interview activities during the reporting period[47] - The company has not indicated any significant changes in net profit compared to the same period last year[49]

Financial Performance - The company reported a total revenue of 672.34 million RMB, accounting for 67.78% of its main business income from overseas sales[11]. - The company's operating revenue for 2020 was CNY 1,028,183,929, a decrease of 1.68% compared to CNY 1,045,701,120 in 2019[24]. - Net profit attributable to shareholders for 2020 was CNY 239,451,231, down 16.22% from CNY 285,822,744 in 2019[24]. - The net profit after deducting non-recurring gains and losses was CNY 222,813,105, a decrease of 17.23% compared to CNY 269,193,649 in 2019[24]. - The company's total assets at the end of 2020 were CNY 2,014,887,511, an increase of 8.06% from CNY 1,864,592,370 at the end of 2019[24]. - The company's net assets attributable to shareholders increased by 11.81% to CNY 1,772,553,088 at the end of 2020, compared to CNY 1,585,377,530 at the end of 2019[24]. - The company's cash flow from operating activities increased by 26.36% to CNY 272,124,161 in 2020, compared to CNY 215,359,614 in 2019[24]. - The company's cash and cash equivalents increased by 61.85% compared to the beginning of the year, attributed to changes in cash management structure[46]. - The company's total revenue for 2020 was ¥1,028,183,929.29, a decrease of 1.68% compared to ¥1,045,701,120.65 in 2019[68]. - The gross margin for the industrial sector was 46.92%, slightly down from the previous year[70]. - The gross margin for 2020 was reported at 45%, indicating strong operational efficiency and cost management[153]. Dividend Policy - The company plans to distribute a cash dividend of 4 RMB per 10 shares to all shareholders, based on a total of 160 million shares[11]. - The company implemented a profit distribution policy prioritizing cash dividends, with a minimum of 10% of distributable profits allocated for cash dividends annually[132]. - The total distributable profit for the year 2020 was RMB 610,462,910.70[148]. - The cash dividend amount for 2020 represents 16.70% of the net profit attributable to ordinary shareholders, which was RMB 239,451,231.60[148]. - The company has maintained a consistent cash dividend policy, with dividends paid in the last three years[146]. - The cash dividend proposal is subject to approval at the shareholders' meeting[146]. Market Expansion and Growth - The company anticipates growth in demand for smart parcel lockers due to the increasing e-commerce and express delivery market, although macroeconomic downturns could pose risks[6]. - The company has established subsidiaries in various regions, including North America, Europe, and Southeast Asia, to expand its market presence[11]. - The company plans to expand its market presence by entering two new provinces in China by the end of 2021, which is anticipated to increase market share by 15%[157]. - The company is focusing on market expansion in niche areas such as medical behavior systems and vending machines through the establishment of subsidiaries[60]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share within the next two years[198]. Research and Development - The company is committed to enhancing its research and development capabilities to keep pace with industry advancements and customer needs[7]. - The company emphasizes R&D investment, with a dedicated department for hardware, software, and structural design development[39]. - Research and development expenses for the year were CNY 70.11 million, a 32.91% increase from the previous year[51]. - The company has applied for numerous patents, with a total of 10 invention patents, 92 utility model patents, and 71 design patents as of December 31, 2020[51]. - The company is investing 200 million RMB in research and development to drive innovation in its product line[162]. Competition and Risks - The company is facing intensified competition from domestic and international peers, necessitating continuous improvement in product quality and innovation[7]. - The company highlighted the risk of customer concentration, as a significant portion of its revenue comes from a few large operators in the smart parcel locker industry[9]. - The company faces risks from downstream industry fluctuations, increased market competition, and reliance on a few large clients for revenue[113][114][115]. Operational Efficiency - The company has established a strict supplier management system to ensure the quality of raw materials and after-sales service capabilities[36]. - The company has implemented quality control measures across all production stages, including the introduction of a PLM system for better process management[63]. - The company aims to improve production efficiency and product quality through equipment updates and automation technology upgrades at the Hubei factory[121]. - The company aims to reduce operational costs by 15% through efficiency improvements and automation[163]. Future Outlook - Looking ahead, the company projects a revenue growth of 30% for 2021, targeting 1.95 billion RMB[155]. - The company provided guidance for the next fiscal year, projecting a revenue growth of 20% to reach approximately 1.8 billion RMB[192]. - The company plans to enhance its digital marketing strategy, aiming for a 20% increase in online sales channels[188]. - The company is exploring potential mergers and acquisitions to strengthen its competitive position in the market[200]. Customer Engagement - The company aims to improve customer retention rates by 20% through enhanced service offerings and loyalty programs in 2021[154]. - Customer satisfaction ratings have improved to 90%, reflecting a 10% increase in positive feedback from users[185].

Financial Performance - Operating revenue for the current period was CNY 317,441,894.32, representing a year-on-year growth of 16.38%[7] - Net profit attributable to shareholders was CNY 86,310,853.43, a slight increase of 0.27% compared to the same period last year[7] - Basic earnings per share remained at CNY 0.540, unchanged from the previous period[7] - The weighted average return on net assets was 5.06%, a slight increase of 0.02% compared to the previous period[7] - Total operating revenue for Q3 2020 was CNY 317,441,894.32, an increase of 16.4% compared to CNY 272,754,878.08 in the same period last year[41] - Net profit for Q3 2020 was CNY 86,310,853.43, slightly up from CNY 86,076,502.68 in Q3 2019, reflecting a growth of 0.3%[43] - The company reported a net profit of CNY 751,488,021.46, up from CNY 590,659,521.43, indicating an increase of approximately 27.2%[35] - Total operating revenue for the third quarter was CNY 794,586,907.85, a decrease of 0.17% compared to CNY 801,948,824.51 in the previous period[50] - Net profit for the third quarter was CNY 200,828,500.03, down 10% from CNY 222,825,532.19 in the same period last year[51] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,976,018,213.50, an increase of 5.98% compared to the end of the previous year[7] - Current assets totaled CNY 1,773,125,459.29, slightly up from CNY 1,711,213,964.75, indicating an increase of about 3.63%[32] - The company's cash and cash equivalents rose to CNY 988,767,912.84 from CNY 689,196,235.69, marking a significant increase of approximately 43.6%[32] - Total liabilities decreased to CNY 234,653,837.56 from CNY 279,214,843.91, a reduction of about 16%[34] - The total liabilities decreased to CNY 149,202,693.60 from CNY 205,502,306.48 year-over-year, a reduction of 27.4%[42] - Owner's equity increased to CNY 1,615,466,432.18 from CNY 1,525,903,853.15, marking a growth of 5.9%[42] - The total liabilities to equity ratio stands at approximately 0.18, reflecting a conservative capital structure[68] Cash Flow - The net cash flow from operating activities was negative CNY 3,210,377.45, a decrease of 138.47% compared to the previous year[7] - Operating cash flow for the first nine months of 2020 was ¥153,837,839.84, a 103.14% increase from ¥75,728,233.71 in the same period of 2019[21] - The total cash inflow from operating activities for the period was CNY 846,215,367.61, an increase of 22.9% compared to CNY 688,530,381.54 in the previous period[57] - The net cash flow from investment activities was CNY 156,322,684.62, a turnaround from a negative CNY 590,128,263.12 in the previous year[59] - Cash inflow from financing activities was CNY 145,710,100.00, down from CNY 859,146,800.00 in the previous period[59] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,737[11] - The largest shareholder, Gan Deyi, holds 20.86% of the shares, amounting to 33,372,000 shares[11] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[12] Research and Development - Research and development expenses increased by 33.49% to ¥51,576,689.38, attributed to expanded company scale and increased employee compensation[19] - Research and development expenses rose to CNY 19,783,216.45, up 38.5% from CNY 14,264,740.37 in the previous year[42] - The company plans to continue focusing on R&D and market expansion strategies to drive future growth[54] Other Financial Metrics - The company reported non-recurring gains and losses totaling CNY 15,188,068.49 for the year-to-date[9] - The company reported a 2132.64% increase in non-operating income, reaching ¥1,498,266.54, primarily from the transfer of advance payments[20] - Other comprehensive income after tax showed a loss of CNY 6,131,857.28 compared to a gain of CNY 226,989.01 in the previous year[43] - The total comprehensive income for Q3 2020 was CNY 80,178,996.15, down from CNY 86,303,491.69 in Q3 2019, a decrease of 7.1%[44] Capital Changes - The registered capital increased from ¥10,000,000 to ¥16,000,000 following a capital change registration completed on September 29, 2020[22] - The company plans to reduce up to 2,560,000 shares, representing 1.6% of total equity, by certain board members and executives from June 15 to December 14, 2020[22] Accounting Changes - The company implemented the new revenue recognition standard starting January 1, 2020, resulting in a reclassification of prepayments to contract liabilities, with a total adjustment of ¥15,130,470.53 for the consolidated balance sheet[73] - For the parent company's balance sheet, the prepayment adjustment to contract liabilities was ¥13,219,206.99, reflecting the same reclassification under the new revenue standard[73] Audit Status - The third quarter report for the company was not audited, indicating that the financial results may be subject to further review[75]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥477,145,013.53, a decrease of 9.84% compared to the same period last year[18]. - The net profit attributable to shareholders of the listed company was ¥114,517,646.60, down 16.26% year-on-year[18]. - The net profit after deducting non-recurring gains and losses was ¥103,656,952.67, a decline of 21.81% compared to the previous year[18]. - Basic earnings per share decreased by 30.10% to ¥0.720[19]. - The total assets at the end of the reporting period were ¥1,981,291,035.40, an increase of 6.26% from the end of the previous year[19]. - The net assets attributable to shareholders of the listed company rose by 4.78% to ¥1,661,185,379.79[19]. - The weighted average return on equity decreased by 7.68% to 7.00%[19]. - The company reported a total revenue of approximately 584.27 million RMB for the first half of 2020, reflecting a significant increase compared to the same period in 2019[79]. - The company reported a total revenue of approximately 1,000 million RMB for the first half of 2020, reflecting a growth of 3.47% compared to the previous period[82]. - The company reported a total revenue of 2,000 million RMB for the first half of 2020, reflecting a growth of 18.49% compared to the previous period[85]. Cash Flow and Investments - The net cash flow from operating activities increased by 133.07% to ¥157,048,217.29[18]. - The company's cash and cash equivalents increased by 64.76% to ¥765,279,413.90 compared to ¥464,494,116.42 at the same time last year[57]. - The net cash flow from operating activities surged by 133.07% to ¥157,048,217.29, primarily due to increased cash received from sales of goods and services[52]. - The total cash inflow from financing activities was CNY 80,810,100.00, a decrease from CNY 799,146,800.00 in the previous year, reflecting a decline of 89.9%[169]. - The company received CNY 517,000,000.00 from investment recoveries during the first half of 2020, indicating a strong cash inflow from investments[168]. - The company reported a cash and cash equivalents balance of CNY 693,389,413.90 at the end of the first half of 2020, compared to CNY 464,494,116.42 at the end of the first half of 2019, representing a growth of 49.2%[169]. Research and Development - R&D investment for the first half of the year was 31.79 million yuan, an increase of 30.45% compared to the same period last year[41]. - The company has a comprehensive R&D system, focusing on hardware and software development for its products[32]. - The company is investing 300 million RMB in research and development for new technologies aimed at enhancing product offerings[85]. - The company is committed to enhancing its R&D investment to maintain its competitive edge in product quality, technology, and innovation capabilities[95]. Market and Product Development - The company focuses on smart parcel lockers, which address the "last mile" delivery challenges for express companies[35]. - The government has begun to promote the installation and operation planning of smart parcel lockers, enhancing market demand[35]. - The company has established a new wholly-owned subsidiary, Zhilai Wanghe, to explore new sales channels through vending machines and charging cabinets[47]. - The company is actively exploring opportunities for market expansion and potential acquisitions to enhance its competitive edge[79]. - The company is focusing on expanding its market presence and enhancing its product offerings through innovative financial products[84]. Risk Management - The company faced risks and has outlined corresponding measures in the report[4]. - The decline in performance was primarily due to the impact of the COVID-19 pandemic on production and logistics at the Hubei factory[34]. - The company recognizes the risk of customer concentration, as a significant portion of its revenue comes from a few large operators, and plans to diversify its customer base[95]. - The company faces risks from the downstream industry, particularly if there is a slowdown in e-commerce and express delivery, which could lead to reduced demand for smart parcel lockers[94]. Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company did not conduct an audit for the semi-annual financial report[105]. - There were no major litigation or arbitration matters during the reporting period[107]. - The company did not experience any penalties or rectification situations during the reporting period[108]. - The company has committed to comply with relevant regulations regarding shareholding lock-up periods[102]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,732[133]. - The largest shareholder, Gan Deyi, holds 20.86% of the shares, totaling 33,372,000 shares[134]. - The company reported a total share capital increase from 100,000,000 shares to 160,000,000 shares due to a profit distribution plan, which included a cash dividend of RMB 4 per 10 shares and a capital reserve conversion of 60,000,000 shares[127].

Financial Performance - Total revenue for Q1 2020 was ¥246,728,435.19, a decrease of 18.88% compared to ¥304,158,591.96 in the same period last year[7] - Net profit attributable to shareholders was ¥66,331,669.39, down 13.44% from ¥76,627,737.24 year-on-year[7] - Net profit excluding non-recurring items was ¥62,750,525.76, reflecting a decline of 16.84% from ¥75,454,369.85 in the previous year[7] - Basic and diluted earnings per share decreased by 35.29% to ¥0.660 from ¥1.020 in the previous year[7] - The weighted average return on equity dropped to 4.10%, down 7.36% from 11.46% in the same period last year[7] - The company reported a total comprehensive income of CNY 50,972,832.77 for Q1 2020, compared to CNY 75,100,148.55 in Q1 2019, reflecting a decline of 32.1%[55] Cash Flow - Net cash flow from operating activities increased significantly by 413.69% to ¥119,725,618.87, compared to ¥23,307,056.42 in the same period last year[7] - Cash flow from operating activities increased to CNY 119,725,618.87, compared to CNY 23,307,056.42 in the previous year, marking a significant improvement[58] - The net cash flow from financing activities was CNY 10,793,421.00, compared to CNY 3,445,211.67 in the previous year, showing an increase in financing efficiency[59] - The net cash flow from investment activities was ¥12,367,339.63, compared to a negative cash flow of ¥103,378.00 in the previous period[62] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,913,178,007.87, an increase of 2.61% from ¥1,864,592,375.97 at the end of the previous year[7] - Total current assets reached ¥1,757,373,628.36, compared to ¥1,711,213,964.75 at the end of 2019, indicating an increase of about 2.70%[39] - The company's inventory decreased to ¥287,055,038.19 from ¥343,068,703.85, reflecting a decline of approximately 16.38%[39] - The total liabilities decreased to ¥259,288,653.09 from ¥279,214,843.91, showing a reduction of about 7.14%[41] Investments and Fundraising - The company reported a total fundraising amount of 69,883,000 CNY, with 982,430 CNY invested in the current quarter[30] - Cumulative investment from fundraising reached 36,391,020 CNY, with a utilization rate of 51.09% for the R&D center construction project[31] - The company plans to increase production capacity by 80,000 units of smart parcel lockers, with a total investment of 39,178,000 CNY allocated for this project[31] Operational Insights - The company plans to accelerate product production and shipment to meet domestic and international customer demand[21] - The company is committed to expanding its product offerings and market presence to mitigate risks associated with industry competition and customer concentration[26] - The company is focusing on maintaining strong relationships with major clients while actively seeking new customers and markets[27] - The company is expanding its marketing and service network, including the establishment of a new marketing service center in Wuhan[31] Risk Factors - The company faces risks from fluctuations in the downstream logistics industry, particularly if global economic downturns lead to reduced demand for express delivery services, potentially impacting customer orders and payment schedules[25] Compliance and Governance - The company has not reported any overdue commitments from shareholders or related parties during the reporting period[28] - The company reported no violations regarding external guarantees during the reporting period[33] - There were no non-operating fund occupations by controlling shareholders or their affiliates during the reporting period[34] - The company has not disclosed any issues regarding the use of raised funds[39] Miscellaneous - The company did not apply the new revenue and leasing standards for the first quarter of 2020[63] - The first quarter report was not audited[64]

Financial Performance - The company's operating revenue for 2019 was ¥1,045,701,120.65, representing a 17.68% increase compared to ¥888,633,538.13 in 2018[20]. - The net profit attributable to shareholders for 2019 was ¥285,822,744.06, a 35.25% increase from ¥211,322,513.02 in 2018[20]. - The net cash flow from operating activities increased by 65.12% to ¥215,359,614.47 in 2019 from ¥130,426,664.55 in 2018[20]. - The total assets at the end of 2019 were ¥1,864,592,375.97, a 110.12% increase from ¥887,400,894.15 at the end of 2018[20]. - The net assets attributable to shareholders increased by 151.45% to ¥1,585,377,532.06 at the end of 2019 from ¥630,484,722.47 at the end of 2018[20]. - The basic earnings per share for 2019 was ¥3.12, up 10.64% from ¥2.82 in 2018[20]. - The company reported a total of ¥16,629,094.13 in non-recurring gains and losses for 2019, compared to ¥3,827,897.86 in 2018[26]. - The company achieved a revenue of CNY 1,045.70 million, representing a growth of 17.68% compared to the previous year[58]. - The net profit attributable to shareholders reached CNY 285.82 million, an increase of 35.25% year-on-year[58]. - Total assets increased by 110.12% to CNY 1,864.59 million compared to the same period last year[58]. - The gross profit margin for the industrial sector was 47.44%, with a year-on-year increase of 0.60%[68]. Dividend Distribution - The company reported a cash dividend of 4 RMB per 10 shares, totaling a distribution of 40 million RMB to shareholders[6]. - The board of directors has approved a profit distribution plan, reflecting the company's commitment to returning value to shareholders[6]. - The company distributed cash dividends totaling 30 million RMB, amounting to 3 RMB per share, based on a total of 100 million shares[123]. - The total distributable profit for the year was RMB 531,474,899.06, with the cash dividend representing 100% of the profit distribution[125]. - The cash dividend policy is compliant with the company's articles of association and shareholder resolutions[124]. - The company has a minimum cash dividend ratio of 20% when significant capital expenditures are planned[125]. Market Expansion and Strategy - The company has established subsidiaries in various regions, including the United States and Vietnam, to expand its market presence[11]. - The company plans to enhance its marketing efforts in 2020, focusing on product promotion and market expansion to increase business scale and market share[108]. - The company will establish foreign subsidiaries to explore potential customers in North America and Europe while promoting its services in the Middle East, South America, and Southeast Asia[109]. - The company aims to enhance its core competitiveness by focusing on the development, production, and sales of intelligent storage and delivery devices[106]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share in the region by 2021[135]. - Market expansion plans include entering three new provinces in China, targeting a market size of approximately 500 million RMB[132]. Research and Development - The company is committed to enhancing its research and development capabilities to innovate new products and technologies[5]. - The company obtained 1 invention patent, 17 utility model patents, 34 design patents, and 25 software copyright certificates during the reporting period[40]. - The company's R&D investment reached 52.82% year-on-year growth, totaling 52.75 million yuan, accounting for 5.04% of sales revenue[59]. - Research and development expenses amounted to CNY 52,751,830.81, a significant increase of 52.82% compared to the previous year, driven by expanded scale and increased employee compensation[77]. - The company is investing 100 million RMB in R&D for new technologies in the upcoming year, focusing on AI and machine learning[132]. - The company plans to allocate RMB 20 million for research and development of new technologies in 2020, aiming to enhance product efficiency by 10%[163]. Competitive Landscape - The company faces risks from potential economic downturns that could lead to reduced demand for express delivery services, impacting the demand for smart parcel lockers[5]. - The company is experiencing competitive pressure from peers in the industry, necessitating continuous improvements in product quality, technology, and innovation to maintain market position[6]. - The company faces high customer concentration risk due to the concentrated nature of the smart parcel locker industry[108]. - The company is under pressure from competitors who are enhancing R&D capabilities, expanding production capacity, and lowering product prices[107]. Legal and Compliance - The company is currently involved in significant litigation, with a claim amounting to 3 million RMB for patent infringement, which has been ruled in favor of the plaintiff[185]. - Another patent infringement case involves a claim of 1 million RMB, which has also been ruled in favor of the plaintiff[186]. - The company has no reported penalties or rectifications during the reporting period[197]. - The company will publicly disclose the reasons for any unfulfilled commitments and apologize to shareholders and the public[169]. Operational Efficiency - The company has a complete independent system for R&D, procurement, production, sales, and service, ensuring operational efficiency[38]. - The company aims to reduce operational costs by 15% over the next year through efficiency improvements[135]. - Operating expenses were reduced by 10% through cost optimization measures implemented during the year[132]. - The company aims to improve operational efficiency, targeting a reduction in costs by 5% through process optimization initiatives[153]. Customer Engagement - The company has established a strong customer base with stable relationships with both domestic and international clients[51]. - User data indicated an increase in active users by 15%, reaching a total of 3 million active users by the end of 2019[132]. - Customer satisfaction ratings improved to 85%, reflecting a 10% increase from the previous year due to enhanced service initiatives[149]. Future Outlook - The company provided a revenue guidance for 2020, projecting a growth rate of 25% compared to 2019[132]. - The company provided a forward guidance of 10% revenue growth for the next fiscal year, projecting revenues to reach approximately 1.65 billion RMB[142]. - The company plans to launch three new products in 2020, which are expected to contribute an additional 500 million RMB in revenue[149].

Financial Performance - Operating revenue for the period was CNY 272,754,878.08, a 4.90% increase year-on-year[7] - Net profit attributable to shareholders increased by 14.51% to CNY 86,076,502.68 compared to the same period last year[7] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 82,390,025.11, a 9.95% increase year-on-year[7] - Basic earnings per share decreased by 13.00% to CNY 0.870[7] - Weighted average return on equity decreased by 62.58% to 5.04%[7] - Total revenue for Q3 2019 was CNY 272,754,878.08, an increase of 4.7% compared to CNY 260,001,969.73 in Q3 2018[40] - Operating profit for Q3 2019 reached CNY 103,647,575.34, up from CNY 89,202,999.65 in the same period last year, reflecting a growth of 16.5%[41] - Net profit for Q3 2019 was CNY 86,076,502.68, representing a 14.5% increase from CNY 75,168,578.03 in Q3 2018[41] - The company reported a total profit of CNY 264,934,171.04 for the year-to-date period, up from CNY 200,719,015.50, reflecting a growth of 32.0%[49] - The total comprehensive income for the period was CNY 81,857,828.15, compared to CNY 65,941,422.81 in the prior year, indicating a 24.1% increase[45] Assets and Liabilities - Total assets increased by 99.57% to CNY 1,771,017,155.76 compared to the end of the previous year[7] - Net assets attributable to shareholders increased by 141.43% to CNY 1,522,163,519.75 compared to the end of the previous year[7] - Total assets as of September 30, 2019, amounted to CNY 1,674,332,529.79, significantly higher than CNY 767,174,244.10 at the end of 2018[38] - Current assets totaled CNY 1,227,070,778.36, an increase of 68.5% from CNY 725,590,811.93 in the previous year[36] - Total liabilities decreased slightly to CNY 248,853,636.01 from CNY 256,916,171.68, reflecting a reduction of about 3.2%[32][33] - Total liabilities increased to CNY 184,334,542.14 from CNY 160,465,169.40, marking a rise of 14.9%[37] Cash Flow - Cash flow from operating activities decreased by 37.97% to CNY 75,728,233.71 year-to-date[7] - The company reported a net cash flow from operating activities of ¥75,728,233.71, a decrease of 37.97% compared to the previous year[18] - The net cash flow from operating activities for the current period is CNY 226,257,255.98, an increase of 123% compared to CNY 101,425,742.47 in the previous period[58] - Cash inflow from operating activities totaled CNY 722,194,703.26, up from CNY 621,825,457.07 in the previous period, indicating a growth of approximately 16%[58] - The company generated cash inflows from operating activities totaling ¥688,530,381.54, compared to ¥592,813,196.94 in the same period last year[56] Investments and Expenditures - Research and development expenses rose by 65.05% to ¥38,637,103.55, reflecting a rapid increase in R&D personnel[17] - The company plans to increase investments in its subsidiaries in Hong Kong and Vietnam, with applications submitted for approval[20] - Investment activities generated a net cash outflow of ¥590,128,263.12, a significant increase of 3,550.47% due to cash management activities[18] - The company reported a significant increase in other income, totaling CNY 31,296,142.73 for the year-to-date period, compared to CNY 8,380,149.74 in the previous year[48] Shareholder Information - The total number of shareholders at the end of the reporting period was 14,534[11] - The company completed a profit distribution of ¥30,000,000, distributing ¥3 per 10 shares to shareholders[20] - The company implemented a cash dividend policy, distributing CNY 30,000,000 to shareholders, which translates to CNY 3 per 10 shares[24] - The company has maintained its cash dividend policy without adjustments, ensuring compliance with relevant laws and regulations[24] Compliance and Governance - The company has not reported any non-compliance issues regarding external guarantees or non-operating fund occupation by major shareholders during the reporting period[25][26] - The company’s long-term borrowings were reclassified, resulting in a 100% decrease in long-term loans to zero[15]