Financial Performance - The company's revenue for Q3 2021 was ¥204,564,584.72, a decrease of 22.29% compared to the same period last year[4]. - The net profit attributable to shareholders was a loss of ¥28,427,632.80, representing a decline of 142.70% year-on-year[4]. - The basic earnings per share were -¥0.23, down 134.85% from the previous year[4]. - Total operating revenue for the third quarter was CNY 655,479,653.46, a decrease of 20.1% compared to CNY 820,552,295.68 in the same period last year[21]. - Operating profit decreased to CNY 84,376,436.75, down 65.1% from CNY 242,059,205.55 year-on-year[22]. - Net profit for the period was CNY 78,986,967.44, a decline of 61.6% compared to CNY 205,442,052.98 in the previous year[22]. - Basic and diluted earnings per share were both CNY 0.66, down from CNY 2.20 in the same quarter last year[23]. - The company reported a total comprehensive income of CNY 78,986,967.44, down from CNY 205,442,052.98 in the previous year[23]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,867,146,288.25, an increase of 4.46% compared to the end of the previous year[4]. - Total liabilities increased to CNY 250,090,755.42, up from CNY 165,434,590.73, indicating a significant rise in financial obligations[21]. - Total equity attributable to shareholders of the parent company was CNY 1,615,250,364.10, slightly down from CNY 1,620,516,785.28[21]. - The total assets amounted to CNY 1,867,146,288.25, compared to CNY 1,787,503,156.12 in the previous year, indicating growth in asset base[21]. Cash Flow - The net cash flow from operating activities was -¥36,264,225.90, a decrease of 170.98% year-on-year[10]. - Cash inflow from operating activities totaled CNY 561,434,409.48, compared to CNY 759,383,758.07 in the previous year, reflecting a decrease of 26.0%[24]. - The company reported a total cash outflow from operating activities of 597,698,635.38 CNY, compared to 708,290,388.23 CNY in the previous year[26]. - The net cash flow from investment activities was -31,849,533.47 CNY, compared to -10,939,605.75 CNY in the previous year[26]. - Cash inflow from financing activities totaled 140,000,000.00 CNY, down from 975,218,000.00 CNY in the previous year[26]. - The net cash flow from financing activities was -9,858,657.12 CNY, a significant decrease from 856,326,437.62 CNY in the same period last year[26]. - The total cash and cash equivalents at the end of the period were 93,245,645.68 CNY, down from 1,026,502,660.93 CNY at the end of the previous year[26]. Investments and Expenses - The company reported a significant increase in investment income of 1260.54%, amounting to ¥8,224,862.85, due to returns from financial products[10]. - The company’s non-current assets totaled CNY 622,220,422.26, a slight increase from CNY 593,435,380.68 at the end of 2020, reflecting a growth of about 4.3%[19]. - Research and development expenses were CNY 27,006,420.97, a slight increase from CNY 26,573,109.91 year-on-year[22]. - The company received government subsidies amounting to ¥3,619,653.97 during the reporting period, which is closely related to its normal business operations[7]. Borrowings and Financial Obligations - The company's short-term borrowings increased by 118.79% to ¥140,126,666.68, indicating a rise in bank loans[9]. - Short-term borrowings rose to CNY 140,126,666.68 from CNY 64,044,977.78, indicating an increase of approximately 118.4%[19]. - The company reported a rise in financial expenses by 75.49% to ¥1,830,906.70, primarily due to increased bank loan interest expenses[9]. Shareholder Information - The company reported a total of 91,546,071 shares subject to lock-up agreements, with 22,046,071 shares released during the period[16]. - The company has a total of 58,112,835 shares under lock-up due to initial public offering restrictions, set to be released on August 24, 2023[15]. Other Information - The company did not undergo an audit for the third quarter report[27]. - The company has not applied the new leasing standards for the current financial year[27].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥450,915,068.74, a decrease of 19.09% compared to ¥557,324,251.53 in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2021 was ¥107,161,211.62, down 22.74% from ¥138,702,949.28 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was ¥42,977,832.28, a significant decline of 60.35% compared to ¥134,078,376.37 in the same period last year[20]. - The net cash flow from operating activities was negative at -¥8,369,274.19, a decrease of 109.37% from ¥89,329,329.90 in the previous year[20]. - The basic earnings per share for the first half of 2021 was ¥0.89, down 23.28% from ¥1.16 in the same period last year[20]. - The gross margin for non-woven fabric was 20.00%, down 15.47% year-on-year[40]. - The company's total profit for the first half of 2021 was CNY 126.36 million, a decrease of 22.7% from CNY 163.44 million in the first half of 2020[164]. - The company's operating income for the first half of 2021 was CNY 452.70 million, a decrease of 19.0% compared to CNY 559.19 million in the same period of 2020[166]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,826,044,667.27, an increase of 2.16% from ¥1,787,503,156.12 at the end of the previous year[20]. - The total liabilities increased to CNY 180,652,066.38 from CNY 165,434,590.73 year-over-year[155]. - The total equity attributable to shareholders rose to CNY 1,643,677,996.90 from CNY 1,620,516,785.28, showing a positive trend in shareholder value[155]. - The company's total assets as of June 30, 2021, amounted to CNY 1,826,044,667.27, an increase from CNY 1,787,503,156.12 at the end of 2020[152]. - The total liabilities at the end of the first half of 2021 were 1,224,000,000 CNY, compared to 1,220,000,000 CNY at the end of 2020, showing a marginal increase of about 0.33%[180]. Research and Development - The company has established a complete production process and product technology R&D system, holding 45 patents and recognized as a national high-tech enterprise[28]. - Research and development expenses increased by 14.10% to ¥19,572,280.73 compared to the previous year[38]. - The company plans to continue its focus on research and development of new products and technologies to enhance market competitiveness[179]. Market Position and Strategy - The company specializes in the production and sales of various non-woven fabrics, including water-jet non-woven fabric, hot-air non-woven fabric, ultra-fine fiber non-woven fabric, and melt-blown non-woven fabric, with applications in hygiene materials, decoration, and industrial materials[26]. - The company’s water-jet non-woven fabric production accounts for 7.44% of the domestic market, positioning it as a leading player in the industry[33]. - The company is actively expanding its market presence, exporting primarily to Japan and South Korea, while also targeting the European and American markets[34]. - The company plans to adjust its sales strategy to optimize product order types and structures to mitigate losses and enhance efficiency[85]. Cash Flow and Financing - The net cash flow from financing activities showed a drastic decline of 652.16%, resulting in a net outflow of ¥69,083,651.62[38]. - The company reported a cash inflow of CNY 80,000,000.00 from financing activities, a decrease from CNY 113,990,000.00 in the first half of 2020[175]. - The total cash inflow from investment activities reached CNY 1,596,797,023.09, a substantial increase from CNY 122,459,947.83 in the previous year[175]. Corporate Governance and Compliance - The company has committed to not transferring or managing its shares within 36 months of acquiring them[107]. - The company will strictly adhere to share transfer restrictions and voluntary lock-up commitments, complying with relevant regulations[105]. - The company has not engaged in any derivative investments or entrusted loans during the reporting period[77][78]. - There were no major litigation or arbitration matters during the reporting period[112]. Social Responsibility and Employee Relations - The company emphasizes employee rights protection and adheres to labor laws, ensuring compliance with various insurance and pension contributions[98]. - The company actively participated in pandemic prevention efforts, organizing comprehensive testing and vaccination initiatives[99]. - The company is committed to social responsibility, including compliance with tax obligations and promoting employment through public recruitment[99]. Future Outlook - The company has plans for future expansion and product development, although specific figures were not disclosed in the current report[186]. - The company aims to improve its market presence through strategic initiatives and operational efficiencies in the upcoming quarters[179].

Financial Performance - The company's revenue for Q1 2021 was CNY 240,624,086.33, representing a 13.76% increase compared to CNY 211,510,336.55 in the same period last year[8]. - Net profit attributable to shareholders increased by 86.85% to CNY 48,921,321.89 from CNY 26,182,486.74 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was CNY 35,820,339.55, up 39.50% from CNY 25,678,142.13 in the previous year[8]. - The basic earnings per share rose to CNY 0.41, a 41.38% increase from CNY 0.29 in the same period last year[8]. - The company's net profit for Q1 2021 reached CNY 48,976,701.65, a significant increase from CNY 26,202,156.63 in the same period last year, representing an increase of approximately 86.6%[54]. - Total operating revenue for Q1 2021 was CNY 240,624,086.33, an increase of 13.76% compared to CNY 211,510,336.55 in Q1 2020[53]. - Total profit for the period was CNY 56,398,302.24, compared to CNY 30,313,276.14 in the same quarter last year, representing an increase of about 86.1%[56]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,816,082,791.26, reflecting a 1.60% increase from CNY 1,787,503,156.12 at the end of the previous year[8]. - The net assets attributable to shareholders increased by 3.02% to CNY 1,669,438,107.17 from CNY 1,620,516,785.28 at the end of the previous year[8]. - Total assets as of March 31, 2021, amounted to CNY 1,805,739,991.24, compared to CNY 1,781,524,508.21 at the end of 2020, reflecting a growth of 1.02%[50]. - Total liabilities decreased to CNY 143,970,522.28 from CNY 167,807,650.63, a reduction of 14.19%[51]. - Current liabilities decreased to CNY 113,107,275.16 from CNY 136,081,323.01, a reduction of 16.87%[51]. Cash Flow - The net cash flow from operating activities improved by 34.84%, reaching CNY -56,667,605.95 compared to CNY -86,962,330.64 in the previous year[8]. - The company's cash and cash equivalents decreased from CNY 181.11 million on December 31, 2020, to CNY 128.42 million by March 31, 2021[45]. - The company's cash and cash equivalents decreased to CNY 115,111,095.53 from CNY 179,506,055.74, a decline of 35.84%[49]. - The company reported a total cash inflow from operating activities of ¥160,835,383.55, slightly lower than ¥161,547,594.89 in the previous period[61]. - Total cash outflow from operating activities was ¥217,502,989.50, down from ¥248,509,925.53 in the previous period[61]. Investments and Projects - The company completed the acquisition of 30 million shares of Lifan Zhizhao Co., Ltd. on February 9, 2021, as part of its financial investment strategy[31]. - The total amount of raised funds was 846.68 million yuan, with 46.80 million yuan invested in the current quarter[35]. - The investment progress for the annual production of 15,000 tons of ES composite short fiber project reached 28.24% as of March 31, 2021, with CNY 30.19 million invested[36]. - The investment progress for the annual production of 22,000 tons of medical composite water-jet non-woven fabric project reached 45.62% as of March 31, 2021, with CNY 72.43 million invested[36]. - The company achieved a profit of CNY 172,000 from the first phase of the new sanitary hot-air non-woven fabric project, which commenced production on February 20, 2021[36]. Research and Development - R&D expenses increased by 2.23 million yuan, a rise of 30.05% compared to the same period last year, reflecting increased investment in R&D[21]. - Research and development expenses amounted to CNY 9,657,879.68, compared to CNY 7,426,009.80 in the previous year, showing an increase of about 30.5%[56]. - The company aims to enhance production efficiency and reduce costs while ensuring quality, alongside increasing R&D investment and accelerating new product development[30]. Market and Industry Trends - In 2020, the industrial textile industry in China saw a significant increase in industrial added value, growing by 54.1% year-on-year[26]. - The fixed asset investment in the non-woven fabric industry increased by 210% in 2020, with over 3,000 new production lines added, resulting in a total new capacity exceeding 3 million tons[26]. - The production of water-jet non-woven fabric increased by 36.8% year-on-year in 2020, driven by the rapid growth of the wiping products market[27]. - Approximately two-thirds of surveyed companies plan to invest in fixed assets in 2021, although the industry is expected to face significant adjustment pressure later in the year[28]. - The company noted that the rapid expansion of the water-jet non-woven fabric industry has led to increased competition and a decline in product prices compared to 2020[38]. Government Support - The company received government subsidies totaling CNY 10,088,111.54, including CNY 8,800,000 for direct financing rewards related to its listing[10]. - The company received government funding as a reward for direct financing from its IPO, leading to a significant increase in non-operating income[22].

Financial Performance - The company's operating revenue for 2020 was CNY 1,091,487,843.79, representing a 30.20% increase compared to CNY 838,323,486.16 in 2019[16]. - Net profit attributable to shareholders reached CNY 276,164,799.54, a significant increase of 212.35% from CNY 88,414,536.92 in the previous year[16]. - The net profit after deducting non-recurring gains and losses was CNY 266,620,050.13, up 232.40% from CNY 80,209,497.87 in 2019[16]. - The basic earnings per share increased to CNY 2.76, reflecting an increase of 181.63% compared to CNY 0.98 in 2019[16]. - The total assets of the company at the end of 2020 were CNY 1,787,503,156.12, a 174.04% increase from CNY 652,271,728.50 at the end of 2019[16]. - The net assets attributable to shareholders rose to CNY 1,620,516,785.28, marking a 225.62% increase from CNY 497,671,155.49 in 2019[16]. - The net cash flow from operating activities was CNY 179,771,034.14, which is a 98.59% increase from CNY 90,524,877.20 in the previous year[16]. - The company's weighted average return on equity was 30.80%, an increase of 11.30% from 19.50% in 2019[16]. Revenue Drivers - The increase in revenue was primarily driven by rising product prices and increased sales volume due to the impact of the pandemic[17]. - The non-woven fabric segment accounted for 99.08% of total revenue, generating 1,081,495,710.58 yuan, which is a 31.22% increase from 824,213,883.24 yuan in 2019[68]. - Domestic sales contributed 94.37% of total revenue, amounting to 1,030,070,408.28 yuan, reflecting a 39.39% increase from 738,996,514.55 yuan in 2019[68]. Market Position and Industry Context - The company operates in the non-woven fabric industry, producing various types of non-woven fabrics for applications in hygiene, decoration, and industrial materials[28]. - In 2020, the industrial textile industry in China saw a significant increase in production, with the industrial added value of above-scale enterprises growing by 54.1%[35]. - The production of non-woven fabric reached 5.791 million tons in 2020, marking a year-on-year increase of 15.8%[35]. - The revenue and total profit of the industrial textile industry were 319.84 billion yuan and 36.53 billion yuan, respectively, representing year-on-year growth of 32.6% and 203.2%[35]. - The company holds a market position as a vice president unit of the China Industrial Textile Industry Association and was ranked 229th among the "Top 500 Competitive Textile and Apparel Enterprises in China" in 2016[38]. Production and Capacity - The company has a total production capacity of 60,000 tons across 15 production lines, with a leading position in the industry for water-jet and hot-air non-woven fabric production[48]. - Total production capacity increased to 60,000 tons from 54,000 tons year-on-year, with a capacity utilization rate of 111.66%, up from 106.76%[80]. Research and Development - The company holds 41 patented technologies, emphasizing its commitment to continuous research and development innovation[49]. - The company focuses on continuous innovation and has implemented a series of measures to enhance its core competitiveness through R&D investment and talent cultivation[62]. - Research and development expenses rose by 23.81% to 35,870,816.96 yuan in 2020, reflecting the company's commitment to innovation[78]. - The number of R&D personnel rose to 99, making up 15.44% of the workforce, compared to 13.66% in the previous year[85]. Financial Management and Investments - The company reported an investment amount of CNY 1,285,638,100 for the current period, a significant increase of 957.16% compared to the previous year's investment of CNY 121,612,355.66[98]. - The company temporarily invested CNY 1,216,000,000 in financial products during the reporting period, with a fair value change gain of CNY 1,596,638.35[103]. - The company has engaged in wealth management activities, with a total of RMB 1,216 million in entrusted financial products, including RMB 850 million from raised funds and RMB 336 million from self-owned funds[199]. - The company has no overdue amounts in its entrusted financial management, indicating a stable financial position[199]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of CNY 7 per 10 shares, based on a total of 120,000,000 shares[5]. - The cash dividend distribution for 2020 marks a significant return to shareholders, contrasting with the previous two years where no dividends were distributed[144]. - The company has committed to fulfilling all promises made regarding shareholding and dividend distribution, with no overdue commitments reported[145]. Risks and Challenges - The company faces risks from macroeconomic fluctuations that could impact consumer purchasing power and industry demand[127]. - The company has identified intensified market competition as a risk, necessitating capacity expansion and technological upgrades[128]. Compliance and Governance - The company has adhered to all regulatory commitments regarding shareholding and has no pending issues related to compliance[147]. - The company has maintained a good integrity status, with no overdue large debts or unfulfilled commitments reported[180]. - The company has not reported any major litigation or arbitration matters during the year[178].

Financial Performance - Net profit attributable to shareholders reached ¥66,567,641.46, up 156.88% year-on-year[7] - Operating income for the period was ¥263,228,044.15, reflecting a 27.38% increase compared to the same period last year[7] - Basic earnings per share rose to ¥0.66, an increase of 135.71% compared to the same period last year[7] - The weighted average return on equity was 9.59%, up 242.45% year-on-year[7] - The net profit after deducting non-recurring gains and losses was ¥61,729,349.99, a significant increase of 207.01% year-on-year[7] - Net profit surged by 228.36% to ¥205,442,052.98 from ¥62,565,667.07, attributed to increased sales volume and favorable pricing conditions[16] - The company expects a net profit growth of 249.39% for the year, projecting a profit of ¥22,050,000 compared to the previous year's performance[19] - The company reported a net profit of ¥447,246,003.63, compared to ¥241,975,412.89 in the previous period[29] - Net profit for Q3 2020 was CNY 66,612,959.92, representing a 157.5% increase from CNY 25,966,924.24 in the previous year[35] - The total profit for the first three quarters was ¥239,776,297.40, compared to ¥71,898,030.30 in the previous year, showing strong growth[45] Revenue and Operating Income - Operating revenue increased by 32.25% to ¥820,552,295.68 from ¥620,442,458.21, driven by a rise in sales volume and stable product prices amid declining raw material costs[16] - Total operating revenue for the year-to-date period reached CNY 820,552,295.68, an increase of 32.2% from CNY 620,442,458.21 in the previous year[42] - The company's operating revenue for the first three quarters reached ¥823,555,633.42, an increase of 32.1% compared to ¥623,266,578.55 in the same period last year[45] - Total operating revenue for Q3 2020 was CNY 264,369,840.90, an increase of 27.3% compared to CNY 207,650,289.95 in the same period last year[38] Cash Flow - The net cash flow from operating activities was -¥38,235,960.06, a decrease of 55.07% year-on-year[7] - Cash flow from operating activities improved by 182.42%, reaching ¥51,093,369.84 compared to a negative cash flow of ¥61,988,601.83 in the previous period[17] - The cash inflow from operating activities was CNY 759,383,758.07, an increase of 46.5% compared to CNY 518,374,697.27 in the previous period[48] - The net cash flow from operating activities was CNY 51,093,369.84, a significant improvement from a negative CNY 61,988,601.83 in the same period last year[48] - The cash inflow from financing activities was CNY 975,218,000.00, compared to CNY 167,000,000.00 in the previous period[51] - The net cash flow from financing activities was CNY 856,326,437.62, a turnaround from negative CNY 86,516,280.53 in the same period last year[51] Assets and Liabilities - Total assets increased to ¥1,709,986,440.80, a growth of 162.16% compared to the previous year[7] - The company's equity attributable to shareholders increased to ¥1,549,622,576.48 from ¥497,671,155.49 year-on-year[29] - Current liabilities totaled ¥126,694,262.80, up from ¥119,074,023.95 in the previous period[28] - The company’s total liabilities reached ¥158,871,414.61, compared to ¥153,279,585.54 in the previous period[28] - The company's non-current assets totaled ¥390,243,695.01, slightly down from ¥398,260,253.30 in the previous period[30] Shareholder Information - The company reported a total of 120,000,000 ordinary shareholders at the end of the reporting period[12] - The largest shareholder, Anhui Jinrui Investment Group Co., Ltd., holds 48.43% of the shares[12] - The company issued new shares, resulting in an increase in share capital by 33.33% to ¥120,000,000.00 from ¥90,000,000.00[16] Research and Development - Research and development expenses increased by 25.65% to ¥26,573,109.91 from ¥21,149,064.30, reflecting the company's commitment to enhancing its R&D efforts[16] - Research and development expenses in Q3 2020 amounted to CNY 9,419,677.65, compared to CNY 8,002,758.34 in Q3 2019, indicating a focus on innovation[34] - Research and development expenses for the first three quarters amounted to ¥26,573,109.91, up from ¥21,149,064.30 in the previous year, indicating a focus on innovation[45] Financial Management - The company reported a significant reduction in financial expenses by 80.09%, down to ¥1,043,293.96 from ¥5,241,082.25, due to improved liquidity and reduced bank borrowings[16] - Financial expenses decreased to ¥1,035,621.68 from ¥5,346,641.37 in the previous year, reflecting improved cost management[45] Other Income and Expenses - The company received government subsidies totaling ¥9,031,427.12 during the reporting period[9] - The company reported other income of ¥8,142,364.12, slightly up from ¥7,029,074.36 in the previous year, indicating stable additional revenue sources[45] - The company experienced a credit impairment loss of -¥2,600,232.80, compared to -¥1,449,148.31 in the previous year, suggesting a need for closer monitoring of credit risks[45]

Financial Performance - Operating revenue for the period was CNY 263,228,044.15, up 27.38% compared to the same period last year[7] - Net profit attributable to shareholders was CNY 66,567,641.46, representing a significant increase of 156.88% year-on-year[7] - Basic earnings per share rose to CNY 0.66, a 135.71% increase compared to the same period last year[7] - The weighted average return on equity was 9.59%, up 242.45% year-on-year[7] - The company expects a net profit growth of 249.39% for the year, projecting a profit of ¥22,050,000 compared to ¥8,841,450 in the previous year[18] - Net profit surged by 228.36% to ¥205,442,052.98 from ¥62,565,667.07, attributed to lower raw material prices and increased sales volume[15] - The net profit attributable to the parent company was CNY 205,270,590.74, up 228.5% from CNY 62,367,157.46 in the previous year[42] - The total profit for the period was CNY 241,917,723.55, significantly higher than CNY 73,620,198.94 in the same quarter last year[41] Assets and Liabilities - Total assets reached CNY 1,709,986,440.80, an increase of 162.16% compared to the previous year[7] - Net assets attributable to shareholders increased to CNY 1,549,622,576.48, reflecting a growth of 211.37% year-on-year[7] - Current liabilities totaled CNY 126,694,262.80, up from CNY 119,074,023.95 in the previous period[27] - The total liabilities were CNY 158,871,414.61, compared to CNY 153,279,585.54 in the previous period[27] - The company's fixed assets were valued at CNY 339,180,304.31, slightly up from CNY 332,177,018.35[28] Cash Flow - The net cash flow from operating activities was negative at CNY -38,235,960.06, but improved by 55.07% compared to the previous year[7] - Cash flow from operating activities improved by 182.42%, reaching ¥51,093,369.84 compared to a negative cash flow of -¥61,988,601.83 in the previous period[16] - The net cash flow from financing activities reached ¥856,326,437.62, a turnaround from a net outflow of ¥86,516,280.53 in Q3 2019[50] - The cash and cash equivalents at the end of the period totaled ¥1,026,502,660.93, a substantial increase from ¥41,912,903.91 at the end of Q3 2019[48] Shareholder Information - The total number of shareholders at the end of the reporting period was 25,446[11] - The largest shareholder, Anhui Jinrui Investment Group Co., Ltd., held 48.43% of the shares[11] Research and Development - Research and development expenses increased by 25.65% to ¥26,573,109.91 from ¥21,149,064.30, reflecting the company's commitment to innovation[15] - Research and development expenses amounted to CNY 9,419,677.65, slightly higher than CNY 8,002,758.34 in the same quarter last year[34] Operating Costs - Total operating costs were CNY 188,807,355.29, up from CNY 180,226,956.09, with operating costs specifically at CNY 154,820,297.23, down from CNY 158,770,389.75[34] - The company's operating costs were CNY 505,276,780.33, slightly higher than CNY 494,279,836.55 in the previous year, indicating controlled cost management[44] Other Financial Metrics - The company reported non-recurring gains and losses totaling CNY 9,462,864.38 for the year-to-date[9] - The company reported a financial expense of CNY 1,035,621.68, a decrease of 80.7% compared to CNY 5,346,641.37 in the same period last year[44] - The company reported a tax expense of CNY 11,867,398.06 for the quarter, compared to CNY 4,516,637.21 in the previous period[34] - The company experienced a credit impairment loss of CNY -2,617,709.44, which is an increase in losses compared to CNY -1,449,126.73 in the previous year[41]