Financial Performance - Operating revenue for the current period was CNY 79,821,393.38, a slight increase of 0.16% year-on-year[7] - Net profit attributable to shareholders decreased by 11.81% to CNY 6,173,197.41 compared to the same period last year[7] - Basic earnings per share decreased by 33.33% to CNY 0.08[7] - Diluted earnings per share decreased by 45.45% to CNY 0.06[7] - The weighted average return on equity was 0.63%, a decrease of 0.78% compared to the previous year[7] - Total operating revenue for Q3 2020 was CNY 79,821,393.38, a slight increase from CNY 79,696,243.66 in the previous period[35] - Net profit for Q3 2020 was CNY 6,546,588.59, down from CNY 7,086,135.89 in the same period last year[37] - The net profit for the current period is CNY 6,234,719.08, down from CNY 7,283,464.78 in the previous period, representing a decrease of approximately 14.4%[41] - The total comprehensive income for the current period is CNY 6,546,588.59, compared to CNY 7,086,135.89 in the previous period, reflecting a decrease of about 7.6%[41] - The net profit for the current period is CNY 33,931,796.74, down 19.5% from CNY 42,068,289.22 in the previous period[50] - The total comprehensive income attributable to the parent company is CNY 34,377,445.17, down 17.4% from CNY 41,586,383.78 in the previous period[48] Assets and Liabilities - Total assets increased by 43.04% to CNY 1,662,912,753.54 compared to the end of the previous year[7] - The company's total assets amounted to CNY 1,662,912,753.54, up from CNY 1,162,549,088.16 at the beginning of the year[28] - The company's total liabilities were CNY 675,622,402.63, compared to CNY 613,298,412.92 at the beginning of the year[29] - The total liabilities increased to CNY 666,114,842.59 from CNY 601,329,409.32, indicating a rise in financial obligations[33] - Total liabilities amounted to CNY 613,298,412.92, with current liabilities at CNY 602,298,412.92 and non-current liabilities at CNY 11,000,000.00[62] - The company's total equity reached CNY 549,250,675.24, including CNY 60,000,000.00 in share capital and CNY 184,591,011.94 in undistributed profits[62] Cash Flow - Net cash flow from operating activities was CNY 15,130,675.72, down 35.88% from the previous year[7] - The net cash flow from operating activities is negative CNY 43,569,112.37, worsening from negative CNY 22,444,160.45 in the previous period[53] - The net cash flow from financing activities was 390,472,203.30 CNY, a significant increase compared to -25,982,341.06 CNY in the previous period, reflecting improved financing conditions[54] - Total cash inflow from investment activities was 171,607,530.75 CNY, while cash outflow was 517,494,383.41 CNY, resulting in a net cash flow of -345,886,852.66 CNY[54] - The total cash and cash equivalents at the end of the period amounted to 164,218,952.54 CNY, up from 94,495,789.56 CNY in the previous period[54] Shareholder Information - Net assets attributable to shareholders rose by 80.37% to CNY 980,628,873.39 compared to the end of the previous year[7] - The total number of ordinary shareholders at the end of the reporting period was 12,221[11] - The company's equity capital increased to CNY 80,000,000.00, a 33.33% rise due to the public issuance of new shares[18] Inventory and Receivables - The company's accounts receivable at the end of the period reached CNY 12,183,128.40, an increase of 257.72% compared to the beginning of the year, primarily due to an increase in bank acceptance bills received[18] - Inventory at the end of the period was CNY 560,895,807.23, reflecting a 30.22% increase from the beginning of the year, driven by new business orders and backlog[18] - Accounts receivable rose to CNY 262,030,863.30 from CNY 250,489,808.49, indicating improved collection efforts[32] - Inventory increased significantly to CNY 553,762,020.73 from CNY 428,596,263.74, reflecting potential growth in sales or production[32] Expenses - Total operating costs increased to CNY 72,610,884.36 from CNY 66,173,906.58, with operating costs specifically rising from CNY 41,826,179.49 to CNY 51,684,397.22[36] - The company reported a decrease in research and development expenses from CNY 7,282,462.91 to CNY 5,171,787.95[36] - Research and development expenses for the current period are CNY 5,171,787.95, down from CNY 7,282,462.91 in the previous period, a reduction of approximately 29%[40] - The company's research and development expenses for the current period are CNY 16,170,866.90, a decrease of 19.5% from CNY 20,118,084.12 in the previous period[48] Future Outlook - Future outlook includes potential strategies for market expansion and new product development, although specific details were not provided in the report[41]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥203,382,550.08, a decrease of 10.83% compared to ¥228,084,674.55 in the same period last year[18]. - The net profit attributable to shareholders was ¥28,204,247.76, down 18.45% from ¥34,586,501.60 year-on-year[18]. - The net profit after deducting non-recurring gains and losses was ¥25,707,499.72, reflecting a decline of 22.35% compared to ¥33,106,463.31 in the previous year[18]. - Basic earnings per share decreased by 31.03% to ¥0.40 from ¥0.58 in the previous year[18]. - The total comprehensive income for the first half of 2020 was CNY 27,697,077.66, down from CNY 34,784,824.44 in the same period of 2019[163]. - The net profit for the first half of 2020 was CNY 29,306,987.08, representing a decline of 15.83% from CNY 34,844,885.92 in the same period of 2019[158]. - The company reported a significant increase in revenue for the first half of 2020, with a total revenue of CNY 500 million, representing a 20% year-over-year growth[85]. Cash Flow and Investments - The net cash flow from operating activities was -¥58,699,788.09, which is a 27.49% increase in cash outflow compared to -¥46,042,971.91 in the same period last year[18]. - The company reported a significant increase in cash flow from financing activities, with a net amount of CNY 390.47 million, primarily due to the proceeds from the initial public offering[41]. - The company raised a total of ¥402,586,100.00 from its public offering, with net proceeds after issuance costs amounting to ¥347,572,200.00[51]. - The company reported a financial income of CNY 1,219,744.89, which increased from CNY 426,848.30 in the previous year[156]. - The net cash flow from investing activities was -246,967,466.54 CNY, significantly worse than -8,689,503.65 CNY in the prior period, reflecting increased investment outflows[169]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,587,146,920.94, an increase of 36.52% from ¥1,162,549,088.16 at the end of the previous year[18]. - The company's total liabilities decreased slightly to CNY 606,403,158.62 from CNY 613,298,412.92, a reduction of about 1.5%[150]. - Shareholders' equity rose significantly to CNY 980,743,762.32 from CNY 549,250,675.24, representing an increase of approximately 78.3%[151]. - Cash and cash equivalents increased to CNY 272,476,242.42 from CNY 187,804,379.16, reflecting a growth of approximately 45.0%[148]. Market and Competition - The company faces risks including intensified market competition and seasonal fluctuations in operating performance[4]. - The company is focusing on regional market expansion, having established multiple regional centers and subsidiaries in key areas[35]. - The company plans to expand its market presence by entering three new provinces, targeting a 10% increase in market share by the end of 2021[85]. Research and Development - Research and development investment amounted to CNY 11.00 million, a decrease of 14.28% compared to the previous year[41]. - The company established a product and strategy research institute in May 2020 to enhance R&D capabilities and foster high-end talent[37]. - New product development initiatives are underway, with an investment of CNY 50 million allocated for R&D in innovative surveying technologies[86]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares[5]. - Major shareholders are restricted from transferring more than 25% of their shares annually during their tenure as directors or senior management[81]. - The company has committed to a lock-up period of 36 months for shares held by major shareholders, starting from the public offering date[79]. Compliance and Reporting - The financial report for the first half of 2020 was not audited[146]. - The company has not reported any adjustments for prior period errors or changes in accounting policies for the current period[176]. - The financial statements are prepared based on the enterprise accounting standards, ensuring compliance and accuracy[189].

Financial Performance - Total revenue for Q1 2020 was CNY 87,405,142.50, a decrease of 12.33% compared to CNY 99,692,613.06 in the same period last year[7] - Net profit attributable to shareholders was CNY 11,407,842.94, down 15.33% from CNY 13,473,475.08 year-on-year[7] - Net profit excluding non-recurring gains and losses was CNY 10,313,031.03, a decline of 23.48% compared to CNY 13,477,379.77 in the previous year[7] - The total profit decreased by 3.85% year-on-year, amounting to 14.75 million yuan[22] - Operating revenue for the first quarter was CNY 85,053,992.43, a decrease from CNY 97,515,383.13 in the previous period[50] - Net profit for the first quarter was CNY 10,874,240.51, down from CNY 14,342,655.90 year-over-year, representing a decline of approximately 24.3%[51] - Total operating revenue for Q1 2020 was CNY 87,405,142.50, a decrease from CNY 99,692,613.06 in the previous period[45] Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 60,354,165.86, worsening by 15.85% from negative CNY 52,098,399.11 in the same period last year[7] - Cash and cash equivalents increased by 182.59% compared to the beginning of the period, mainly due to new share issuance and fundraising[21] - Cash and cash equivalents at the end of the period totaled CNY 504,448,170.25, up from CNY 100,618,388.40 at the end of the previous period[56] - The company experienced a net cash inflow from financing activities of CNY 404,344,517.97, compared to a net outflow of CNY 3,275,395.22 in the previous period[56] - The net increase in cash and cash equivalents was $338.15 million, contrasting with a decrease of -$48.74 million in the previous period[59] Assets and Liabilities - Total assets increased by 31.42% to CNY 1,527,831,363.55 from CNY 1,162,549,088.16 at the end of the previous year[7] - The total liabilities decreased from ¥613,298,412.92 at the end of 2019 to ¥564,110,350.66, a reduction of about 8%[39] - The company's equity increased from ¥599,250,675.24 at the end of 2019 to ¥963,721,012.89, marking an increase of approximately 60.9%[39] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 40,171[10] - The largest shareholder, Nanjing Gaotou Technology Co., Ltd., held 49.50% of the shares, totaling 39,599,096 shares[10] - The company reported a total of 131,543 shares for multiple executives as pre-IPO restricted shares, indicating significant insider ownership[14] - The financial report highlights that the company has a consistent share distribution among its executives, with many holding 106,489 shares each, reflecting a stable management structure[15] - The report emphasizes the importance of insider ownership in aligning management's interests with those of shareholders[14] Operational Challenges and Strategies - The company's R&D expenses decreased by 31.53% year-on-year, impacted by delays in resuming work due to the COVID-19 pandemic[21] - The company plans to enhance marketing and customer development efforts to counteract the short-term negative impacts of the pandemic[22] - The company has not changed its annual business plan and is focused on executing its objectives despite the pandemic[24] - The company aims to achieve its 2020 operational goals despite the challenges posed by the pandemic[22] Procurement and Customer Concentration - The top five suppliers accounted for a total procurement amount of 6.6296 million yuan, representing 26.90% of the company's total procurement[23] - The top five customers generated a total sales amount of 46.3625 million yuan, making up 56.29% of the company's total revenue[23] Research and Development - The company reported a decrease in research and development expenses from CNY 7,337,099.77 to CNY 5,023,727.79[46] - Research and development expenses for the quarter were CNY 5,023,727.79, down from CNY 7,339,967.81 in the previous period, indicating a reduction of approximately 31.4%[50] Corporate Governance - Overall, the share distribution data reflects a commitment to corporate governance and long-term value creation for shareholders[16] - The consistent shareholding patterns may indicate a stable outlook for the company, as management is heavily invested in its success[16]