Dividend Distribution - The company plans to distribute a cash dividend of 8.00 RMB per 10 shares (including tax) to all shareholders, based on a total share capital of 91,200,000 shares [3]. - The company declared a cash dividend of 8.00 CNY per 10 shares, totaling 72,960,000 CNY for the year 2021 [151]. - The company's total distributable profit was 237,855,256.17 CNY, with the cash dividend representing 100% of the profit distribution [151]. - The company’s profit distribution plan aligns with its articles of association and relevant regulations, ensuring shareholder interests are protected [150]. Financial Performance - The company reported a significant increase in revenue, with a year-on-year growth of 15% in 2021 compared to 2020 [13]. - The company's operating revenue for 2021 was ¥518,674,842.06, representing a 7.27% increase compared to ¥483,508,741.49 in 2020 [17]. - Total revenue for 2021 reached ¥518,674,842.06, representing a year-on-year increase of 7.27% compared to ¥483,508,741.49 in 2020 [52]. - The net profit attributable to shareholders decreased by 29.53% to ¥92,978,788.93 in 2021 from ¥131,934,925.76 in 2020 [17]. - The net profit after deducting non-recurring gains and losses was ¥81,955,471.57, down 26.62% from ¥111,687,880.14 in the previous year [17]. - Basic earnings per share fell by 41.38% to ¥1.02 from ¥1.74 in 2020 [17]. - The company reported a significant increase in financial income, with financial expenses showing a 503.01% rise due to increased interest income [62]. - The company’s total investment for the reporting period was ¥1,731,461,635.70, reflecting a year-on-year increase of 12.85% compared to ¥1,534,286,262.19 [76]. Market Strategy and Growth - The company is focusing on expanding its market presence and enhancing its environmental service offerings, which are crucial for its growth strategy [13]. - The company anticipates continued growth in the environmental services sector, driven by increasing regulatory demands and public awareness [13]. - The company has outlined a future outlook that includes a projected revenue growth rate of 10-12% for the next fiscal year [13]. - The company plans to achieve a revenue increase of 25% to 35% in 2022 compared to 2021 [93]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by 2023 [127]. - A strategic acquisition of a local environmental consultancy firm is in progress, which is anticipated to enhance service offerings and increase revenue by 5% [127]. Research and Development - The company has allocated resources for the development of new technologies aimed at improving environmental assessment and planning services [13]. - The company is committed to enhancing its research and development efforts to innovate and improve its service offerings in environmental technology [13]. - The company applied for 33 new patents, including 19 invention patents, and held a total of 111 authorized patents by the end of 2021, which supports its core business development [48]. - The company invested 100 million RMB in research and development for new technologies in environmental protection [127]. - The number of R&D personnel increased by 33.78% from 74 in 2020 to 99 in 2021, with a notable rise in master's degree holders by 33.33% [64]. Operational Performance - The company emphasizes the importance of risk management strategies in its operational framework to mitigate potential market fluctuations [3]. - The company has established a robust governance structure to ensure compliance and transparency in its operations [13]. - The company has established a comprehensive internal control system covering key operational areas, with no significant deficiencies reported in 2021 [156]. - The company maintained effective internal controls over financial reporting as of December 31, 2021, with no significant deficiencies reported [161]. Environmental Initiatives - The company has established itself as a leader in environmental technology services, focusing on pollution prevention and control, which aligns with national environmental policies [27]. - The market for environmental technology services is expected to grow significantly, driven by new government policies aimed at improving ecological quality and addressing climate change [28]. - The company conducted environmental investigations covering over 2,000 kilometers of river channels and identified more than 14,000 pollution outlets in East China [31]. - The company assessed approximately 12.77 million square meters of contaminated sites nationwide, including 1.35 million square meters along the Yangtze River [32]. - The company provided daily operation and maintenance services for wastewater treatment facilities, ensuring stable operation and compliance with discharge standards for clients like Autoliv (China) and Anhui Tianchang City [39]. Talent Management - The company employed 746 staff members as of December 31, 2021, with 447 holding master's or doctoral degrees, representing a 35% increase in advanced degree holders compared to the previous year [45]. - The company has established a robust talent management system, but faces risks of talent loss and knowledge leakage due to intensified market competition [104]. - The company organized over 50 internal training sessions in 2021, with a total of 2,000 participant instances, highlighting its commitment to employee development [148]. Corporate Governance - The company has established a clear asset ownership structure, with no guarantees provided to the controlling shareholder or its affiliates during the reporting period [116]. - The company adheres to strict information disclosure practices, ensuring timely and accurate communication with investors [112]. - The company has established various committees within the board, with independent directors comprising over half of the members, providing professional opinions [112]. - The company has a complete human resources management system, ensuring that senior management does not hold positions in the controlling shareholder's entities [115]. Compliance and Risk Management - The company is currently navigating potential changes in business qualification regulations, which could affect its competitive position in the industry [102]. - The company is actively monitoring the impact of the ongoing COVID-19 pandemic, which has affected its main market areas, including Jiangsu and Shanghai [107]. - The company faces intensified market competition as numerous strong competitors enter the environmental services sector, potentially impacting operational performance [100]. Stock Price Stabilization - The company plans to implement stock price stabilization measures if the stock price falls below the audited net asset value per share for 20 consecutive trading days [185]. - The stabilization measures include increasing shareholdings by controlling shareholders and senior management, stock buybacks, and other methods approved by regulatory authorities [186]. - The company will not sell any shares acquired through the stabilization plan for six months after the completion of the acquisition [190]. - The company committed to repurchase shares if the stock price falls below the audited net asset value per share for 20 consecutive trading days [197].

Financial Performance - The company's operating revenue for Q3 2021 was ¥106,006,181.39, a decrease of 13.54% compared to the same period last year[2] - The net profit attributable to shareholders was ¥5,157,895.97, down 82.85% year-on-year, while the net profit after deducting non-recurring gains and losses was -¥2,443,581.44, a decrease of 108.99%[2] - The basic earnings per share for Q3 2021 was ¥0.06, reflecting a decline of 92.00% compared to the previous year[2] - The company reported a significant decline in revenue and net profit compared to the same period last year due to the impact of the COVID-19 pandemic on business activities[17] - The net profit attributable to the parent company for Q3 2021 was ¥69,381,271.24, a decrease of 25% compared to ¥92,550,143.06 in the same period last year[28] - The basic and diluted earnings per share for Q3 2021 were both ¥0.76, down from ¥2.48 in Q3 2020[28] - Operating profit decreased to ¥81,057,631.52 from ¥109,318,200.89 in the previous year[27] - Net profit for the quarter was ¥69,331,666.14, down from ¥94,803,157.87 in the same period last year[27] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,351,629,618.15, a decrease of 1.34% from the end of the previous year[2] - Total assets as of September 30, 2021, were ¥1,351,629,618.15, slightly down from ¥1,369,949,427.78 at the end of 2020[24] - Current assets totaled ¥1,282,772,733.57, a slight decrease from ¥1,297,860,190.29[21] - Total liabilities decreased to ¥231,391,815.85 from ¥273,493,291.62[24] - Total liabilities reached CNY 273,493,291.62, reflecting a decrease of CNY 1,469,776.00 from the prior period[37] - Owner's equity totaled CNY 1,096,456,136.16, remaining stable with no significant changes reported[37] - The total equity attributable to shareholders was CNY 1,069,661,696.45, remaining unchanged[37] Cash Flow - The cash flow from operating activities showed a net outflow of -¥15,289,587.22, a significant decline of 55,883.58% compared to the same period last year[12] - The net cash flow from operating activities for Q3 2021 was -¥15,289,587.22, compared to a positive cash flow of ¥27,408.76 in the same period last year[31] - Total cash inflow from operating activities was ¥346,453,670.39, while total cash outflow was ¥361,743,257.61, resulting in a net cash outflow[31] - The cash and cash equivalents at the end of Q3 2021 were ¥497,660,326.79, down from ¥779,812,722.62 at the end of Q3 2020[32] - The net cash flow from investing activities was -¥100,508,360.04, an improvement from -¥202,473,376.21 in the previous year[32] - The net cash flow from financing activities was -¥45,550,000.00, compared to a positive cash flow of ¥722,260,198.91 in the same period last year[32] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 12,480, with the top ten shareholders holding significant stakes[13] - The company’s total share capital is 91,200,000 shares, with the largest shareholder, Nanjing University Asset Management Co., holding 30% of the shares (27,360,000 shares) after a transfer[19] - As of September 30, 2021, the company had a total of 68,400,000 restricted shares, with 27,360,000 shares released from restrictions during the period[16] - The company’s major shareholders include Nanjing University Capital Operation Co. and Nanjing Guohuan Investment Management Co., with significant holdings of 27,360,000 and 24,565,161 shares respectively[16] - The company’s stock structure includes various shareholders with significant stakes, including several investment funds and individual investors[16] Operational Challenges - The company faced operational restrictions due to the pandemic, affecting environmental surveys and technical services, which contributed to the decline in performance[17] - The company is focused on stabilizing its operations and recovering from the pandemic's impact on its business activities[18] - The company’s business activities have gradually resumed as the pandemic situation improves, allowing for a recovery in various service projects[18] - The company has not reported any new product developments or market expansions in the current quarter[18] Investments - The investment income increased by 284.03% to ¥14,448,898.77, attributed to the transfer of part of the equity in Zhejiang Environment[10] - The long-term equity investment decreased by 41.49% to ¥14,176,053.55, due to the transfer of part of the equity in Zhejiang Environment[7] - The company experienced a 135.21% increase in prepayments, reaching ¥6,315,363.67, mainly due to increased prepayments for environmental engineering service projects[7] Compliance and Standards - The company has implemented adjustments related to the new leasing standards effective from January 1, 2021[37] - The company recognized a lease liability of CNY 1,469,776.00 due to the implementation of new leasing standards[37] - The company has not undergone an audit for the third quarter report[38]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥256,620,079.33, representing a 20.35% increase compared to ¥213,234,624.48 in the same period last year[23]. - The net profit attributable to shareholders of the listed company was ¥64,223,375.27, a 2.79% increase from ¥62,480,950.17 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was ¥58,231,251.15, up 2.86% from ¥56,611,649.79 in the same period last year[23]. - Basic earnings per share decreased by 59.77% to ¥0.70 from ¥1.74 in the same period last year[23]. - The weighted average return on net assets was 5.87%, down 23.38% from 29.25% in the previous year[23]. - The company reported a financial income of -¥4,190,764.83, a drastic increase in interest income compared to -¥33,870.60 in the previous year[41]. - The total profit for the first half of 2021 was ¥75,316,396.22, compared to ¥74,044,854.11 in the same period of 2020, reflecting a growth of 1.7%[146]. - The company achieved an operating profit of ¥75,632,530.58, slightly up from ¥74,078,262.08 in the previous year, indicating a growth of 2.1%[146]. Cash Flow and Assets - The net cash flow from operating activities was -¥41,358,211.96, a decrease of 271.91% compared to -¥11,120,540.05 in the previous year[23]. - The company's cash and cash equivalents decreased by 12.23% to ¥478,778,261.42, mainly due to a reduction in deposits[47]. - The total amount of financial assets at fair value was ¥407,726,640.99, with a fair value change gain of ¥3,233,845.55 during the period[49]. - The total amount of idle raised funds for purchasing financial products or deposit-type products is 544.00 million RMB as of June 30, 2021[60]. - The ending balance of cash and cash equivalents was 473,583,762.38 CNY, down from 659,008,274.05 CNY at the beginning of the period[156]. - The net cash flow from investment activities was -96,066,299.71 CNY, an improvement from -150,604,529.42 CNY year-over-year[155]. Investments and R&D - Research and development investment rose by 22.37% to ¥17,852,693.54, up from ¥14,588,595.68 in the previous year[41]. - The company reported an investment income of ¥10,132,715.03, significantly higher than ¥1,427,778.96 in the previous year, marking a growth of 608.5%[146]. - The company authorized 28 intellectual property rights during the reporting period, including 7 invention patents and 16 utility model patents[38]. - The investment progress for the environmental service capacity enhancement project is 12.61% of the adjusted total investment of 333.95 million RMB, with cumulative investment of 42.11 million RMB[61]. Market and Business Strategy - The company is focused on expanding its business in environmental pollution third-party governance, with a growing volume of business year-on-year[34]. - The company aims to provide one-stop environmental management services, enhancing its competitive advantage in the market[39]. - The company is actively expanding its market presence outside Jiangsu province to mitigate regional concentration risks[72]. - The company plans to expand its market presence and enhance its product offerings through new strategies[119]. Risks and Governance - The management has outlined potential risks and countermeasures in the report, emphasizing the importance of investor awareness regarding investment risks[6]. - The company faces risks from macroeconomic changes and intensified market competition, which could impact operational performance[70][71]. - The company plans to enhance governance and internal controls, improving project management and subcontractor oversight to mitigate risks[74]. - The ongoing COVID-19 pandemic poses risks to the company's external business operations and internal management, potentially increasing operational costs[76]. Shareholder and Equity Information - The company has not distributed cash dividends or issued new shares from capital reserves in the first half of 2021[81]. - The total number of shares increased from 48,000,000 to 91,200,000 after the capital reserve conversion and cash dividend distribution[115]. - The largest shareholder, Nanjing University Asset Management Co., Ltd., holds 30.00% of the shares, totaling 27,360,000 shares[121]. - The shareholding structure indicates a significant concentration of ownership among a few major shareholders[121]. Compliance and Reporting - The semi-annual financial report was not audited[92]. - The financial statements were approved by the board on August 4, 2021, indicating a commitment to transparency and compliance with accounting standards[180]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that its financial reports accurately reflect its financial position and performance[184]. - The company has not reported any significant changes in accounting policies or prior period errors during this reporting period[172].

Financial Performance - The company's operating revenue for Q1 2021 was ¥94,407,548.34, representing a 23.61% increase compared to ¥76,374,873.77 in the same period last year[9] - The net profit attributable to shareholders was ¥21,233,126.75, a slight increase of 1.74% from ¥20,869,516.49 year-on-year[9] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥17,931,261.63, up 9.84% from ¥16,325,005.14 in the previous year[9] - The basic earnings per share decreased by 24.14% to ¥0.44 from ¥0.58 in the same period last year[9] - The weighted average return on equity dropped to 1.97%, down 8.32% from 10.29% in the previous year[9] - The total assets at the end of the reporting period were ¥1,313,875,706.01, a decrease of 4.09% from ¥1,369,949,427.78 at the end of the previous year[9] - The net assets attributable to shareholders increased by 1.99% to ¥1,090,894,823.20 from ¥1,069,661,696.45 at the end of the previous year[9] - The net cash flow from operating activities was negative at -¥41,246,282.23, worsening by 8.56% compared to -¥37,993,713.13 in the same period last year[9] Cash Flow and Investments - The company received government subsidies amounting to ¥725,324.49 during the reporting period[10] - The net cash flow from investment activities was negative RMB 460,913,145.42, a 206.09% increase in outflow compared to negative RMB 150,580,288.73, primarily due to increased financial management[26] - The company reported an investment income of ¥2,190,807.55, up from ¥26,583.33 in the previous period, indicating a significant improvement in investment performance[53] - The net cash flow from financing activities was -22,712,109.15 yuan, reflecting a decrease in cash available for financing[63] - The total cash inflow from investment activities was 229,182,149.86 yuan, significantly up from 35,026,583.33 yuan in the previous period[63] Assets and Liabilities - As of March 31, 2021, total current assets amounted to CNY 1,238,634,184.80, a decrease of 4.54% from CNY 1,297,860,190.29 on December 31, 2020[44] - Total liabilities decreased from CNY 273,493,291.62 to CNY 194,835,219.69, reflecting a decline of approximately 28.73%[46] - The company's total assets decreased from CNY 1,369,949,427.78 to CNY 1,313,875,706.01, a decline of approximately 4.10%[46] - The current liabilities decreased from CNY 272,243,291.62 to CNY 191,076,188.96, a reduction of about 29.87%[46] - The company's retained earnings increased from CNY 219,024,854.75 to CNY 240,257,981.50, an increase of approximately 9.69%[47] Operational Highlights - The company has signed significant orders related to ecological and environmental projects, contributing to revenue growth[29] - The company has increased its market development efforts, successfully undertaking various environmental system integration projects[29] - The company is facing intensified market competition, particularly from state-owned enterprises, which may impact its operational performance[30] - The company plans to enhance its R&D capabilities and has established a new R&D plan for the year, focusing on market demand and technological trends[29] - The company has committed to maintaining a high level of R&D investment to support continuous technological innovation[30] Employee and Compensation - The company’s employee compensation payable decreased by 67.79% to RMB 24,273,100.09 from RMB 75,357,912.92, due to payments made for the previous year's compensation[21] - The company paid 86,247,635.46 yuan in employee compensation, up from 64,783,524.61 yuan in the previous period, indicating higher labor costs[62] Future Plans and Strategies - The company discussed future national market expansion plans and strategies during investor communications[40] - The company plans to continue enhancing talent team building and explore mergers and acquisitions as part of its growth strategy[40]

Dividend Distribution - The company plans to distribute a cash dividend of 10 RMB per 10 shares (including tax) to all shareholders, with a capital reserve conversion of 9 shares for every 10 shares held[6]. - The company plans to distribute a cash dividend of 10.00 yuan per 10 shares (including tax), totaling 48 million yuan, which represents 36.38% of the net profit attributable to shareholders[119]. - The cash dividend policy has been strictly adhered to, ensuring clarity in distribution standards and protecting shareholder interests[119]. - The company has maintained a consistent cash dividend payout over the past three years, with 30 million yuan in 2019 and 26 million yuan in 2018[125]. - The company’s profit distribution plan aligns with its articles of association and shareholder resolutions, ensuring compliance with regulations[119]. Financial Performance - The company's operating revenue for 2020 was ¥483,508,741.49, representing a 14.18% increase compared to ¥423,454,925.43 in 2019[18]. - The net profit attributable to shareholders for 2020 was ¥131,934,925.76, which is a 20.06% increase from ¥109,887,031.04 in 2019[18]. - The total assets at the end of 2020 reached ¥1,369,949,427.78, a significant increase of 211.43% from ¥439,894,724.09 at the end of 2019[18]. - The net assets attributable to shareholders increased by 453.38% to ¥1,069,661,696.45 at the end of 2020, compared to ¥193,295,150.60 at the end of 2019[18]. - The basic earnings per share for 2020 was ¥3.30, an increase of 8.20% from ¥3.05 in 2019[18]. - The company reported a weighted average return on equity of 26.56% in 2020, down from 74.74% in 2019, indicating a decrease of 48.18%[18]. Environmental Services - The company emphasizes the importance of environmental services as a significant part of the strategic emerging industries in China[11]. - The company is committed to providing comprehensive environmental solutions, including environmental technology services and pollution control engineering[12]. - The company engaged in environmental investigation and assessment, providing services such as environmental damage judicial appraisal and site investigation[27]. - The company maintained its position as a leading provider of environmental research, consulting, and design services, with a strong focus on sustainable development[27]. - The company is positioned to benefit from increasing demand for third-party environmental protection services due to stricter regulations and policies[39]. Research and Development - The company applied for 38 new patents and was granted 16 patents during the reporting period, including 5 invention patents[45]. - The company plans to enhance its R&D capabilities by investing in pollution control and resource recovery technologies, focusing on high-toxicity pollutant control and low-consumption, high-efficiency environmental technologies[101]. - In 2020, the company's R&D expenses increased by 17.36% to ¥33,721,296.37, representing 6.97% of total revenue[66]. - The number of R&D personnel increased to 74, accounting for 13.14% of the total workforce[66]. Market Presence and Expansion - The company expanded its market presence by establishing branches in Anhui and Suzhou, enhancing local market competitiveness[49]. - Revenue from Jiangsu Province accounted for 78.97% of total revenue, with a year-on-year growth of 18.99%[56]. - The environmental research, consulting, and design segment saw a significant revenue increase of 37.69%, contributing CNY 211.08 million to total revenue[56]. - The company signed strategic cooperation agreements with multiple local environmental authorities, enhancing its project portfolio[49]. Financial Management and Investments - The company raised ¥786,487,904.00 through financing activities, a staggering increase of 3,319.51% compared to the previous year[68]. - The company's cash and cash equivalents grew by 155.34% compared to the beginning of the period, primarily due to the issuance of new shares[41]. - The company has established a localized service platform to enhance responsiveness to customer needs and improve service quality[32]. - The company has committed to invest RMB 57,500,000 in various projects, with RMB 18,841,900 already utilized[86]. Risk Management - The company acknowledges potential risks in its future operations and encourages investors to be aware of investment risks[6]. - The company faces risks from intensified market competition, particularly from strong state-owned enterprises entering the environmental sector[107]. - The company is exposed to regional concentration risk, with a significant portion of its revenue dependent on the economic performance of Jiangsu province[108]. - The company has established a comprehensive subcontractor management system to mitigate project management and quality risks[111]. Corporate Governance and Compliance - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and management[5]. - The company has fulfilled all commitments made by actual controllers, shareholders, related parties, and acquirers during the reporting period[126]. - The company is committed to reducing and regulating related party transactions to avoid conflicts of interest[135]. - The company has established a "Stabilization Plan" to protect investor interests, which includes legal responsibilities for compliance[149]. Shareholder Commitments - The company has committed to not transferring or entrusting the management of shares held directly or indirectly for 36 months from the date of listing, which is from August 24, 2020, to August 23, 2023[127]. - The company will ensure that any related party transactions are conducted at fair market prices[135]. - The company has pledged to ensure the accuracy and completeness of its prospectus, taking legal responsibility for any false statements or omissions that may cause investor losses[156]. - The company has committed to strictly fulfill all public commitments made during its initial public offering and listing on the Growth Enterprise Market[171].

Financial Performance - Operating revenue for the quarter was ¥122,610,847.08, up 22.53% from the same period last year[9]. - Net profit attributable to shareholders was ¥30,069,192.89, representing a 24.14% increase year-over-year[9]. - The net profit after deducting non-recurring gains and losses was ¥27,174,281.52, which is a 33.03% increase compared to the previous year[9]. - Basic earnings per share were ¥0.75, an increase of 11.94% year-over-year[9]. - The total operating revenue for the third quarter reached CNY 122,610,847.08, compared to CNY 100,068,268.73 in the previous period, indicating a significant increase[40]. - The net profit for the third quarter reached CNY 30,669,252.86, compared to CNY 24,852,725.10 in the same period last year, representing a growth of approximately 23.0%[42]. - The total profit for the third quarter was CNY 34,941,398.65, compared to CNY 28,374,625.21 in the same period last year, representing a growth of about 23.5%[42]. - The company reported a net profit of CNY 184,338,915.89, up from CNY 122,650,725.52, reflecting improved profitability[35]. - The company reported a total operating cost of CNY 87,041,658.88, compared to CNY 77,740,776.96 in the previous period, marking an increase of about 11.7%[41]. - The total comprehensive income for the third quarter was CNY 30,669,252.86, compared to CNY 24,852,725.10 in the same period last year, indicating a growth of approximately 23.0%[43]. Asset and Equity Growth - Total assets increased to ¥1,236,887,753.90, a growth of 181.18% compared to the previous year[9]. - Net assets attributable to shareholders reached ¥1,030,276,913.75, reflecting a significant increase of 433.01% year-over-year[9]. - Cash and cash equivalents increased by 200.63% to ¥785,662,711.10 due to the issuance of new shares[20]. - Total current assets increased to ¥1,168,127,045.99 from ¥396,641,550.37, reflecting significant growth[31]. - Owner's equity increased to CNY 1,054,050,752.54, compared to CNY 214,941,459.69 in the previous year, showcasing strong growth[35]. - The company's equity capital increased by 33.33% to ¥48,000,000.00 following the new share issuance[20]. - The company’s capital reserve surged to CNY 778,636,841.70 from CNY 15,262,551.98, highlighting strong capital accumulation[38]. Cash Flow Analysis - Cash flow from operating activities showed a significant decline, with a net amount of ¥11,147,948.81, down 73.26% from the previous year[9]. - The net cash flow from financing activities surged to ¥722,260,198.91, a significant increase due to funds raised from the IPO[23]. - The cash inflow from operating activities amounted to CNY 253,927,064.11, an increase from CNY 235,058,095.02 in the previous period, representing a growth of approximately 7.9%[58]. - The net cash flow from financing activities was CNY 722,260,198.91, compared to a negative CNY -5,710,372.15 in the previous period[59]. - The total cash and cash equivalents at the end of the period stood at CNY 779,812,722.62, a significant increase from CNY 42,665,155.08[59]. Liabilities and Financial Management - Current liabilities decreased to CNY 181,587,001.36 from CNY 223,703,264.40, reflecting improved financial management[34]. - The company has no overdue commitments from shareholders or related parties during the reporting period[24]. - There were no violations regarding external guarantees during the reporting period[25]. - The company reported a decrease in undistributed profits, which fell by ¥726,452.48 to ¥110,731,765.06[72]. Research and Development - Research and development expenses increased to CNY 8,231,881.69 from CNY 6,078,869.98, reflecting a rise of about 35.5%[41]. - Research and development expenses amounted to CNY 18,823,599.11, compared to CNY 17,219,260.69 in the previous year, indicating a focus on innovation[53]. Non-Recurring Gains and Losses - The company reported non-recurring gains totaling ¥8,764,211.75 for the year-to-date period[11]. - The company experienced a credit impairment loss of CNY -8,339,885.09, which was an increase from CNY -668,349.30 in the previous year[50].