Financial Performance - The total revenue for 2020 was 1.2 billion CNY, representing a year-on-year growth of 15%[13]. - The net profit attributable to shareholders for 2020 was 150 million CNY, an increase of 20% compared to the previous year[13]. - The company's operating revenue for 2020 was ¥650,210,428.32, representing a 35.70% increase compared to ¥479,159,812.52 in 2019[18]. - The net profit attributable to shareholders for 2020 was ¥120,468,234.72, a 37.21% increase from ¥87,799,480.07 in 2019[18]. - The gross margin for 2020 was reported at 35%, showing an improvement from 32% in the previous year[13]. - The company achieved a basic earnings per share of ¥2.49 in 2020, which is a 20.29% increase from ¥2.07 in 2019[18]. - The company achieved a total operating revenue of 650 million yuan in 2020, representing a year-on-year growth of 35.70%[53]. - The net profit attributable to the parent company was 120 million yuan, with a year-on-year increase of 37.21%[53]. Market Expansion and Strategy - The company plans to expand its market presence by increasing production capacity by 30% in the next fiscal year[5]. - Future guidance estimates a revenue growth of 10-15% for 2021, driven by new product launches and market expansion[5]. - The company has initiated a strategic partnership with a leading technology firm to enhance its product offerings and market reach[5]. - The company is exploring potential acquisitions to diversify its product line and enhance competitive advantage in the market[5]. - The company has established partnerships with well-known domestic enterprises such as Huazhong CNC and BYD to expand its market presence[29]. - The company added 89 new domestic customers during the reporting period, focusing on sectors such as industrial control, automotive, finance, and medical[55]. Research and Development - The company is investing 100 million CNY in R&D for new product development, focusing on high-density interconnect (HDI) technology[13]. - The company has developed new products including high-frequency and high-speed boards for 5G communications and power boards for new energy vehicles[29]. - The company added 18 new R&D projects during the reporting period, focusing on advanced PCB production technologies[77][78]. - The number of R&D personnel increased to 148, making up 14.27% of the total workforce[78]. - The company plans to increase R&D investment in high-demand markets such as millimeter-wave radar, 5G communication, and new energy vehicles in 2021[108]. Financial Position and Investments - The total assets at the end of 2020 reached ¥1,069,146,546.72, a 122.30% increase from ¥480,950,036.63 at the end of 2019[18]. - The net cash flow from operating activities for 2020 was ¥117,029,216.70, up 34.17% from ¥87,223,493.03 in 2019[18]. - The company raised a total of CNY 468,129,600 through its initial public offering, with a net amount of CNY 422,342,225.18 after deducting related issuance costs[94]. - The company reported a fair value change of CNY 1,418,856 for financial assets during the period, with a total of CNY 1,435,582,423 purchased and CNY 1,106,323,197 sold[90]. - The company has invested a total of ¥143,519.49 million in bank wealth management products, with an outstanding balance of ¥38,000.00 million[155]. Shareholder Returns and Dividends - The company reported a cash dividend of 4.00 CNY per 10 shares (including tax) and a capital reserve increase of 8 shares for every 10 shares held[5]. - The cash dividend payout ratio for 2020 was 18.80% of the net profit attributable to shareholders[124]. - The company distributed a total of ¥22,651,280.00 in cash dividends for the year 2020[124]. - The retained earnings attributable to shareholders at the end of 2020 amounted to ¥201,414,392.20, after accounting for the profit distribution and statutory reserve[121]. - The company plans to implement a share repurchase program within 10 trading days after the conditions are met, with a resolution to be made within 30 days after the plan is determined[126]. Environmental Responsibility - The company has maintained a strong focus on environmental protection, with no environmental responsibility accidents reported during the reporting period[60]. - The company emphasizes environmental protection and sustainable development, focusing on energy conservation and pollution reduction[158]. - The company has made significant investments in environmental protection measures, including hiring specialized personnel for waste management[159]. - The company has achieved compliance with the discharge standards for various pollutants, including total phosphorus at 0.123 mg/L against a limit of 32.757 kg[162]. - The company has implemented measures to control emissions of acidic gases, organic waste gases, and dust, achieving compliance with the "Comprehensive Emission Standard of Air Pollutants" (DB44/27-2001)[164]. Corporate Governance and Management - The company has a diverse board with members having extensive backgrounds in various industries, including technology and education[198][199][200]. - The current board includes independent directors with qualifications such as CPA and tax advisor, enhancing corporate governance[199]. - The management team includes professionals with significant experience in production management and sales, contributing to operational efficiency[200]. - The company has maintained a stable shareholder structure with no reported changes in actual controllers or major shareholders[187]. - The company has not reported any changes in the management team during the current period, indicating stability in leadership[198].

Financial Performance - Operating revenue for the period was ¥143,050,096.54, reflecting a 7.26% increase from the same period last year[7] - Net profit attributable to shareholders was ¥27,754,531.82, a rise of 2.61% year-over-year[7] - The company's operating revenue for the year-to-date reached ¥473,119,869.27, representing a 40.24% increase compared to ¥337,363,978.36 in the same period last year, driven by growth in production and sales[17] - The net profit attributable to the parent company was ¥88,605,538.23, up from ¥59,915,541.54 in Q3 2019, reflecting a growth of approximately 47.9%[48] - Total operating revenue for the current period reached ¥143,050,096.54, an increase from ¥133,373,457.39 in the previous period, representing a growth of approximately 7.5%[38] - Net profit for the current period was ¥27,754,531.82, compared to ¥27,041,985.62 in the previous period, indicating an increase of approximately 2.6%[40] - The total profit for the quarter was ¥104,591,159.90, compared to ¥70,986,595.80 in Q3 2019, marking an increase of approximately 47.5%[50] Assets and Liabilities - Total assets increased to ¥1,003,330,180.28, representing a growth of 108.61% compared to the previous year[7] - Total current assets increased significantly to CNY 727,186,109.19 as of September 30, 2020, compared to CNY 273,958,405.89 at the end of 2019, representing a growth of 165.5%[30] - The company's fixed assets rose to CNY 228,298,690.39 from CNY 163,640,699.31, marking an increase of 39.5% year-over-year[31] - The total liabilities rose to CNY 156,947,553.77 from CNY 126,016,366.91, an increase of 24.6%[32] - Current liabilities increased to CNY 133,291,885.69 from CNY 105,704,703.11, reflecting a rise of 26.0%[32] - The company's equity attributable to shareholders surged to CNY 846,382,626.51, compared to CNY 354,554,944.18, an increase of 138.5%[33] Cash Flow - Net cash flow from operating activities amounted to ¥45,928,774.47, showing a significant increase of 104.60% compared to the previous year[7] - The company's net cash flow from operating activities increased by 40.48% to ¥89,129,601.19, up from ¥63,447,505.18 in the previous year, attributed to the growth in production and sales[19] - The net cash flow from operating activities for Q3 2020 was ¥89,129,601.19, an increase of 40.6% compared to ¥63,447,505.18 in Q3 2019[55] - Total cash inflow from operating activities was ¥460,830,277.53, up from ¥323,960,020.98 in the same period last year, representing a growth of 42.3%[55] - The cash outflow from investing activities was ¥1,167,145,407.43, significantly higher than ¥614,626,184.77 in Q3 2019, indicating an increase of 90%[56] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,627[11] - The largest shareholder, Si Hui City Ming Cheng Trading Co., Ltd., held 39.48% of the shares[11] Investment and R&D - Research and development expenses increased by 32.29% to ¥21,219,020.27, up from ¥16,039,806.93, indicating a higher investment in R&D projects[17] - The company reported a 53.93% increase in investment income to ¥1,794,495.14, compared to ¥1,165,799.04 in the previous year, due to an increase in idle fund management scale[17] - The company reported investment income of ¥1,746,044.34, compared to ¥950,083.38 in the same period last year, reflecting an increase of approximately 83.8%[50] Financial Ratios and Metrics - Basic earnings per share decreased by 23.05% to ¥0.4901[7] - The weighted average return on equity was 3.33%, down 4.60% from the previous year[7] - The company's short-term borrowings surged by 1207.02% to ¥21,972,436.67, compared to ¥1,681,113.80 at the beginning of the period, reflecting increased bank loans[16] - The total liabilities to equity ratio stands at approximately 0.36, suggesting a conservative leverage position[64]

Financial Performance - The company reported a revenue of 200 million RMB for the first half of 2020, representing a year-on-year increase of 15%[14]. - The company's operating revenue for the current period is ¥330,069,772.73, representing a year-on-year increase of 61.81% compared to ¥203,990,520.97 in the same period last year[20]. - The net profit attributable to shareholders for the current period is ¥60,851,006.41, reflecting an 85.14% increase from ¥32,867,156.41 in the previous year[20]. - The basic earnings per share for the current period is ¥1.43, up 85.71% from ¥0.77 in the previous year[20]. - Future guidance suggests a revenue target of 500 million RMB for the full year 2020, with a projected growth rate of 10%[14]. - The total operating revenue for the first half of 2020 reached CNY 330,069,772.73, a significant increase from CNY 203,990,520.97 in the same period of 2019, representing a growth of approximately 62%[146]. - The total profit for the first half of 2020 was CNY 71,967,846.67, up from CNY 38,750,556.97 in the same period of 2019, reflecting an increase of 85.6%[148]. - The company reported a total cash inflow from sales of goods and services of CNY 284,657,254.50, compared to CNY 199,209,543.22 in the previous year, reflecting a growth of approximately 42.8%[158]. Research and Development - Research and development expenses accounted for 10% of total revenue, reflecting the company's commitment to innovation[14]. - The company is focusing on developing new technologies, including HDI and SLP PCB, to enhance product offerings[14]. - Research and development expenses rose to ¥15,326,070.39, a 48.86% increase compared to the previous year, reflecting the company's commitment to innovation[53]. - The company aims to expand its high-value-added product lines and maintain its competitive edge in the high-reliability PCB market through continuous technological innovation and increased R&D investment[34]. - The company has established a special circuit board technology R&D center to enhance its R&D capabilities and competitiveness, with the project currently under construction[109]. Market Expansion and Strategy - The company plans to expand its market presence by increasing production capacity by 20% in the next year[14]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its product line[14]. - The company is focusing on expanding its market presence in emerging fields such as 5G communication, automotive electronics, and medical devices[51]. - The company is enhancing its operational capabilities by increasing its sales force in the European and American markets, leveraging its reputation in Japanese industrial control and automotive electronics[49]. - The company has established long-term partnerships with influential firms in the industrial control and automotive electronics sectors, ensuring a strong market position[34]. Financial Position and Assets - The total assets at the end of the current period amount to ¥572,916,027.80, an increase of 19.12% from ¥480,950,036.63 at the end of the previous year[20]. - The net assets attributable to shareholders at the end of the current period are ¥396,285,869.51, which is an 11.77% increase from ¥354,554,944.18 at the end of the previous year[20]. - The company's current assets totaled CNY 331,116,785.41, up from CNY 273,958,405.89 at the end of 2019, reflecting a growth of approximately 20.9%[139]. - The company's fixed assets increased to CNY 199,454,488.62 from CNY 163,640,699.31, reflecting a growth of approximately 21.9%[139]. - The total liabilities increased to CNY 176,630,158.29 from CNY 126,016,366.91, which is an increase of about 40%[141]. Risks and Challenges - The company faces risks related to raw material price fluctuations and the impact of the COVID-19 pandemic on operations[5]. - The company is exposed to raw material price volatility, which significantly affects its operating costs[75]. - The ongoing COVID-19 pandemic has negatively impacted order acquisition in Q3, leading to a decrease in PCB demand due to suppressed, postponed, and reduced downstream market demand[79]. - The company is addressing market competition risks by enhancing technical capabilities and expanding global customer outreach[74]. - The company is managing exchange rate risks by matching foreign currency income and expenses[77]. Environmental Compliance and Initiatives - The company has established an independent environmental protection department and is increasing investment in environmental protection measures to comply with stricter government regulations[78]. - The company reported no environmental violations, with all emissions within regulatory limits, demonstrating compliance with environmental standards[104]. - The company has invested in pollution prevention facilities, focusing on wastewater and waste gas treatment to meet environmental protection standards[107]. - The company has implemented measures for acid mist and organic waste gas treatment, ensuring compliance with the Electroplating Pollutant Discharge Standards (GB21900-2008)[107]. - The company conducts regular environmental monitoring, including real-time monitoring of wastewater quality through an online monitoring system[110]. Shareholder Engagement and Governance - The company has maintained a 100% participation rate in its shareholder meetings during the reporting period, indicating strong shareholder engagement[84]. - The company has not experienced any major litigation or arbitration matters during the reporting period, reflecting a stable legal environment[89]. - The company has not engaged in any significant related party transactions or major contracts during the reporting period, indicating a focus on core operations[92]. - The financial report for the first half of 2020 was not audited[136]. - The company operates under a long-term business license and has no significant doubts regarding its ability to continue as a going concern for the next 12 months[177].