Financial Performance - The company's operating revenue for Q1 2021 was ¥243,090,953.06, representing a 25.44% increase compared to ¥193,787,810.62 in the same period last year[8] - The net profit attributable to shareholders for Q1 2021 was ¥18,734,114.18, an increase of 11.54% from ¥16,796,591.54 in the previous year[8] - Basic earnings per share decreased by 18.18% to ¥0.09 from ¥0.11 in the previous year[8] - The company's revenue for Q1 2021 was 24,309,000, an increase of 25.44% compared to 19,378,000 in the same period last year[16] - The company reported a net profit margin improvement, with undistributed profits rising to CNY 441,516,935.26 from CNY 422,782,821.08[37] - The net profit for the first quarter of 2021 reached CNY 19,678,862.14, compared to CNY 16,796,591.54 in the same period last year, representing an increase of approximately 17.8%[45] - The total profit for the first quarter was CNY 21,434,249.53, up from CNY 18,472,993.99 in the previous period[45] Cash Flow and Liquidity - The net cash flow from operating activities was -¥39,650,080.59, a decline of 89.36% compared to -¥20,938,687.59 in the same period last year[8] - The cash flow from operating activities was CNY 238,992,890.14, compared to CNY 185,810,497.97 in the previous year[51] - The cash flow from investment activities was -7,199,270.21 CNY, worsening from -1,309,848.11 CNY, indicating a decline of about 450.5%[52] - The cash and cash equivalents at the end of the period were 511,173,774.25 CNY, down from 557,033,575.47 CNY, reflecting a decrease of approximately 8.2%[53] - The net increase in cash and cash equivalents was -45,859,801.22 CNY, compared to -21,016,669.04 CNY in the previous period, indicating a decline of about 118.5%[53] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,250,100,135.06, a slight increase of 0.45% from ¥1,244,451,176.71 at the end of the previous year[8] - The total liabilities decreased from CNY 1.244 billion at the end of 2020 to CNY 1.250 billion by March 31, 2021, showing a slight increase of about 0.45%[35] - The company's inventory rose from CNY 172.90 million at the end of 2020 to CNY 198.16 million by March 31, 2021, representing an increase of approximately 14.61%[34] - The total assets as of March 31, 2021, were CNY 903,648,956.93, compared to CNY 899,161,956.39 at the end of 2020[40] - The total equity increased to CNY 835,415,014.37 from CNY 822,199,684.40 in the previous period[40] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 23,256[11] - The largest shareholder, Hebei Hanguang Heavy Industry Co., Ltd., holds 26.89% of the shares[11] - The company did not engage in any repurchase transactions during the reporting period[12] Research and Development - Research and development expenses rose by 33.89% to 11,308,871.48, reflecting increased investment in R&D[15] - Research and development expenses for the first quarter amounted to CNY 5,892,473.02, an increase from CNY 3,737,561.67 in the previous period[47] - The company plans to enhance R&D investment and accelerate product upgrades to mitigate risks from intensified market competition[18] - The company has established a comprehensive intellectual property system to protect its innovations and mitigate potential litigation risks[19] Government Support and Investments - The company received government subsidies amounting to ¥3,343,373.27 during the reporting period[9] - The total committed investment for the black toner project is CNY 19.81 million, with a cumulative investment of CNY 13.964 million as of the reporting period, resulting in a funding surplus of CNY 5.846 million due to effective cost management[25] - The company has committed to investing CNY 30.34 million in various projects, with a completion rate of 100% for the working capital project[25] Market Strategy - The company aims to explore domestic market potential to reduce risks associated with delayed or canceled foreign sales orders due to the COVID-19 pandemic[20]

Financial Performance - The company's operating revenue for 2020 was ¥874,295,201.97, representing a 7.19% increase compared to ¥815,662,570.22 in 2019[18]. - The net profit attributable to shareholders for 2020 was ¥90,639,671.88, a 17.40% increase from ¥77,203,679.51 in 2019[18]. - The net cash flow from operating activities increased by 32.03% to ¥109,479,110.13 in 2020, compared to ¥82,917,466.88 in 2019[18]. - The total assets at the end of 2020 reached ¥1,244,451,176.71, a 50.86% increase from ¥824,901,059.49 at the end of 2019[18]. - The net assets attributable to shareholders increased by 57.63% to ¥1,077,691,820.37 at the end of 2020, compared to ¥683,689,784.33 at the end of 2019[18]. - The total profit for 2020 was 10,381,000 yuan, representing a 19.4% increase compared to the previous year[56]. - The net profit attributable to shareholders was 9,064,000 yuan, up 17.4% year-on-year[56]. - The total cash and cash equivalents increased by CNY 372.74 million, a remarkable growth of 732.67% compared to the previous year[74]. - The company reported a net profit attributable to shareholders of 90,639,671.88 CNY for the year 2020[106]. - The total distributable profit available to shareholders was 422,782,821.08 CNY, after accounting for the legal surplus reserve[106]. Dividend and Share Capital - The company reported a profit distribution plan based on a total of 197,340,000 shares, proposing a cash dividend of 0.92 RMB per 10 shares (including tax) and a capital reserve increase of 5 shares per 10 shares[5]. - A cash dividend of 0.92 CNY per 10 shares was proposed, totaling 18,155,280.00 CNY, which represents 20.03% of the net profit[107]. - The company plans to increase its share capital by 98,670,000 shares through a capital reserve transfer, with a ratio of 5 shares for every 10 shares held[107]. - The total number of shares after the capital increase will rise to 296,010,000 shares[107]. - The cash dividend payout ratio for 2020 was set at a minimum of 20% due to significant capital expenditure plans[105]. - The company’s retained earnings at the beginning of 2020 were 336,777,157.94 CNY[106]. - The total cash dividend amount for 2020 accounted for 20.03% of the consolidated net profit attributable to the parent company[108]. Market and Competitive Landscape - The company is focused on expanding its market presence and enhancing its product offerings in the office automation consumables sector[4]. - The global consumables industry is shifting towards China, providing opportunities for the development of domestic brands due to lower costs and a well-established industrial chain[47]. - The general consumables market is expanding, with the company’s products being favored for their cost-effectiveness and alignment with government green procurement initiatives[47]. - The printing consumables industry is experiencing accelerated market consolidation, with market share increasingly concentrated among strong manufacturers due to rising customer demands for cost-effective products[94]. - The company faces risks from intensified market competition, particularly in the toner and OPC drum segments, which may affect pricing and profitability if new product development does not keep pace[98]. Research and Development - The company is committed to developing new technologies and products in the field of electrostatic imaging materials for printers and multifunction devices[4]. - The company is actively increasing R&D efforts to develop multifunctional copiers and composite machines starting in 2021[43]. - Research and development expenses amounted to ¥37,481,782.93, representing 4.29% of total operating revenue, with a slight increase from 4.36% in 2019[72]. - Research and development efforts have led to the introduction of two new technologies, expected to enhance operational efficiency by 25%[114]. - The company aims to enhance R&D efforts, focusing on developing compatible toner and OPC drums, and increasing the competitiveness of existing products[97]. Strategic Initiatives - The company has established a joint venture, Han Guang (Fuzhou) Information Technology Co., Ltd., to serve as a sales platform for printers and copiers, primarily targeting dealer customers[43]. - The company plans to promote the rapid development of the copier industry and ensure steady growth across all business segments in 2021[96]. - The company has established a partnership with a leading tech firm to co-develop innovative solutions, which is projected to generate an additional 150 million RMB in revenue[114]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[115]. Risk Management - The company faces risks including intensified market competition, intellectual property risks, raw material price fluctuations, and impacts from the COVID-19 pandemic[5]. - The company has established a comprehensive intellectual property system to mitigate risks associated with potential patent litigation from competitors[99]. - The company is actively managing raw material price volatility risks through long-term supplier agreements and strong bargaining power[100]. - The ongoing COVID-19 pandemic poses risks to international sales and logistics, prompting the company to explore domestic market opportunities and secure raw material supplies[100]. Corporate Governance and Compliance - The company emphasizes the importance of ensuring the accuracy and completeness of its financial reports, with key personnel affirming the integrity of the annual report[4]. - The company has established a shareholder return mechanism to enhance investor returns based on its cash dividend policy[142]. - The company will ensure that the raised funds are stored in designated accounts and will regularly check the usage of these funds[141]. - The company has committed to taking legal measures to fulfill all promises made during the public issuance process and will accept supervision from regulatory authorities and the public[145]. Shareholder Information - The total number of shareholders at the end of the reporting period was 24,204, an increase from 23,256 at the end of the previous month[187]. - The largest shareholder, Hebei Hanguang Heavy Industry Co., Ltd., holds 26.89% of the shares, totaling 53,070,241 shares[187]. - The company has not conducted any repurchase transactions among the top 10 shareholders during the reporting period[189]. - The controlling shareholder is China Shipbuilding Industry Corporation, a central state-owned enterprise[190].

Financial Performance - Net profit attributable to shareholders reached ¥20,996,522.17, an increase of 18.08% year-on-year[8] - Operating income for the period was ¥205,365,371.07, reflecting a decrease of 6.93% compared to the same period last year[8] - The company reported a basic earnings per share of ¥0.11, down 8.33% year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥20,819,403.12, up 19.00% year-on-year[8] - The company's operating revenue for the current period reached ¥97,692,125.70, an increase from ¥80,142,376.13 in the previous period[39] - The net profit for the current period was ¥10,225,064.82, compared to ¥5,945,747.94 in the previous period, reflecting a growth of approximately 72%[40] - The total comprehensive income for the current period was ¥20,996,522.17, up from ¥17,782,231.51 in the previous period[40] - The net profit for the third quarter was ¥28,043,561.44, slightly down from ¥28,212,335.89, representing a decrease of 0.6% year-over-year[49] - The company reported a total profit of ¥31,839,469.23 for the quarter, compared to ¥32,659,303.27 in the previous year, indicating a decline of 2.5%[47] Assets and Liabilities - Total assets increased to ¥1,180,768,890.20, a growth of 43.14% compared to the end of the previous year[8] - Total assets reached ¥1,180,768,890.20, up from ¥824,901,059.49, indicating strong growth in the company's financial position[16] - Total assets as of September 30, 2020, amounted to CNY 872,102,136.40, up from CNY 542,870,806.98 at the end of 2019[32] - Current assets increased significantly to CNY 648,388,449.06 from CNY 312,964,536.92 year-over-year[31] - Total liabilities decreased to CNY 65,840,487.38 from CNY 70,373,574.11, reflecting a reduction of about 6.5%[32] - The company's equity attributable to shareholders increased to CNY 806,261,649.02 from CNY 472,497,232.87, marking a growth of approximately 70.7%[32] Cash Flow - Net cash flow from operating activities surged to ¥11,204,718.11, a significant increase of 284.78% year-on-year[8] - Net cash flow from operating activities grew by 65.42% to ¥39,176,545.87, driven by higher sales revenue[16] - Net cash flow from financing activities skyrocketed by 2524.48% to ¥310,081,864.16, primarily due to funds raised from the public offering[16] - The cash inflow from financing activities was ¥315,862,996.23, with a net cash flow of ¥310,081,864.16 after outflows, compared to a net outflow of ¥12,789,604.11 in the same quarter last year[53] - The net cash flow from operating activities for the period was -5,116,228.81 CNY, compared to 2,801,354.86 CNY in the previous period, indicating a decline in operational cash generation[54] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 28,491[12] - The largest shareholder, Hebei Hanguang Heavy Industry Co., Ltd., holds 26.89% of the shares[12] Research and Development - Research and development expenses for Q3 2020 were CNY 10,077,167.03, compared to CNY 8,062,225.94 in the previous year, indicating an increase of about 24.9%[35] - Research and development expenses increased to ¥5,406,295.70 from ¥3,342,709.47, indicating a focus on innovation[39] - Research and development expenses increased to ¥13,067,490.51, up 33.0% from ¥9,823,427.49 in the previous year[47] - The company aims to enhance its market presence and product offerings through ongoing research and development initiatives[39] Government Subsidies and Other Income - The company received government subsidies amounting to ¥2,365,330.31 during the reporting period[9] - Other income increased by 89.98% to ¥1,941,375.31, attributed to higher government subsidies received[16] Financial Expenses and Impairments - Financial expenses decreased significantly by 98.01% to -¥47,713.92, mainly due to reduced foreign exchange losses[16] - Credit impairment losses surged by 497.79% to -¥3,273,376.64, due to increased provisions for bad debts[16] - The company incurred a credit impairment loss of ¥2,388,115.82, compared to a loss of ¥90,741.86 in the previous year, indicating a significant increase in credit risk[47] Operating Costs - Total operating revenue for Q3 2020 was CNY 205,365,371.07, a decrease from CNY 220,654,470.55 in the previous period[34] - Total operating costs decreased to CNY 179,172,112.92 from CNY 199,768,751.73, with operating costs specifically down to CNY 154,574,504.86 from CNY 180,383,031.19[35] - The total operating costs for the current period were ¥545,959,694.72, slightly up from ¥543,319,344.83 in the previous period[42] - The total operating expenses increased to ¥235,068,032.84, up from ¥215,953,756.54, reflecting a rise of 8.8% year-over-year[47]

Financial Performance - The company's operating revenue for the first half of 2020 was approximately ¥413.74 million, representing an increase of 8.04% compared to ¥382.95 million in the same period last year[17]. - The net profit attributable to shareholders was approximately ¥39.51 million, reflecting an increase of 11.30% from ¥35.50 million year-on-year[17]. - The net cash flow from operating activities was approximately ¥27.97 million, up 34.67% from ¥20.77 million in the previous year[17]. - The basic earnings per share increased to ¥0.27, a rise of 12.50% compared to ¥0.24 in the same period last year[17]. - The company reported a net profit excluding non-recurring gains and losses of approximately ¥37.94 million, an increase of 8.17% from ¥35.07 million year-on-year[17]. - The total profit for the first half of 2020 was ¥44,262,766.74, compared to ¥40,658,417.58 in the first half of 2019, indicating a growth of approximately 6.5%[144]. - The total comprehensive income for the first half of 2020 was ¥39,514,984.68, compared to ¥35,504,237.07 in the first half of 2019, reflecting an increase of approximately 11.4%[145]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥864.03 million, an increase of 4.74% from ¥824.90 million at the end of the previous year[17]. - The net assets attributable to shareholders increased to approximately ¥723.20 million, up 5.78% from ¥683.69 million at the end of the previous year[17]. - The total liabilities decreased to CNY 64.93 million from CNY 70.37 million year-on-year, indicating a reduction of approximately 7.0%[141]. - The company's total assets included CNY 209.48 million in cash, representing 24.24% of total assets, an increase from 17.90% in the previous year[62]. Research and Development - The company invested CNY 16.67 million in R&D, a slight increase of 0.97% from the previous year[55]. - The company has developed a robust R&D system focused on OPC drums and toner, with advanced core technologies and a provincial-level organic optoelectronic materials laboratory established in 2015[46]. - Research and development expenses for the first half of 2020 were CNY 16.67 million, slightly up from CNY 16.51 million in the same period last year[142]. Market Position and Products - The company specializes in the R&D, production, and sales of imaging consumables and devices, primarily toner and OPC drums, which are essential for printers and copiers[24]. - The company has established long-term stable partnerships with clients across China, North America, South America, Europe, and Southeast Asia, leveraging its technology and product quality[25]. - The company’s toner products are compatible with over 70 printer models, showcasing their broad adaptability and quality stability[27]. - The company’s OPC drums are available in over 200 models across 15 series, with ongoing R&D for specialized OPC drums for specific equipment[32]. - The company has achieved a competitive level in the original consumables market, narrowing the gap with foreign manufacturers through years of technology tracking, cooperative development, and independent research and development[37]. Risks and Challenges - The company faces significant risks including market risk, intellectual property risk, trade war risk, and impacts from the COVID-19 pandemic[5]. - The company is exposed to intensified market competition, which may negatively impact the prices of its main products, toner and OPC drums[75]. - The company faces risks from potential declines in market demand for printers and copiers due to the rise of paperless office practices[74]. - The company is affected by U.S. tariffs on $500 billion worth of Chinese goods, which may impact its profitability if external conditions worsen[79]. Cash Flow and Financial Management - The cash flow from investment activities showed a net outflow of ¥17,890,289.92, compared to a net outflow of ¥11,630,326.34 in the previous year, indicating a decline in investment cash flow performance[152]. - The company reported a net cash flow from financing activities of ¥0.00, with cash outflows for dividend payments amounting to ¥12,789,604.11[152]. - The total cash inflow from operating activities was ¥434,031,006.89, while cash outflow was ¥406,059,179.13, resulting in a net cash inflow of ¥27,971,827.76[151]. Corporate Governance and Structure - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company maintained a stable management structure with no changes in directors, supervisors, or senior management during the reporting period[127]. - The company reported no entrusted financial management, derivative investments, or entrusted loans during the reporting period[67][68][69]. Future Outlook - The company plans to continue developing new brands and series of toner products, with successful R&D of several new models[52]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[142].