Financial Performance - The company's operating revenue for the first half of 2021 was ¥275,619,470.57, representing a 64.15% increase compared to ¥167,907,347.95 in the same period last year[21]. - The net profit attributable to shareholders was ¥48,780,486.00, up 65.44% from ¥29,485,220.65 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was ¥44,014,741.84, reflecting a 53.14% increase from ¥28,740,736.47 in the same period last year[21]. - The basic earnings per share increased by 3.39% to ¥0.3048 from ¥0.2948 in the previous year[21]. - The company achieved operating revenue of 275.62 million yuan, a year-on-year increase of 64.15%[29]. - The net profit attributable to shareholders was 48.78 million yuan, reflecting a growth of 65.44% compared to the previous year[29]. - The company's revenue for the reporting period reached ¥275,619,470.57, a year-on-year increase of 64.15% due to increased sales orders and effective pandemic control measures[45]. - Operating costs amounted to ¥186,874,552.29, reflecting a 66.04% increase compared to the previous year, primarily driven by higher sales revenue[45]. - The company reported a significant increase in income tax expenses, which rose by 104.04% to ¥8,568,562.22, driven by higher sales revenue and profits[45]. - The company reported a total profit of CNY 57,095,680.22 for the first half of 2021, compared to CNY 32,276,111.47 in the same period of 2020, reflecting an increase of approximately 77.0%[156]. Assets and Liabilities - The total assets at the end of the reporting period were ¥994,962,668.24, a slight decrease of 0.14% from ¥996,401,897.63 at the end of the previous year[21]. - The total liabilities decreased to CNY 329,233,412.29 from CNY 352,781,127.68, a reduction of about 6.7%[144]. - The equity attributable to the parent company increased to CNY 665,729,255.95 from CNY 643,620,769.95, showing an increase of approximately 3.4%[145]. - The company's total assets amounted to CNY 985,740,839.05, slightly down from CNY 990,081,961.04 at the end of 2020[149]. - The total liabilities decreased to CNY 325,962,462.23 from CNY 352,162,912.42 in the previous period[149]. Cash Flow - The company reported a net cash flow from operating activities of -¥59,112,661.21, an improvement of 36.84% compared to -¥93,587,542.59 in the same period last year[21]. - The net cash flow from operating activities improved by 36.84%, reaching -¥59,112,661.21, due to increased sales collections compared to the previous year[45]. - The cash and cash equivalents decreased by 70.43% to -¥125,026,210.50, primarily due to dividend payments[45]. - The cash inflow from investment activities was CNY 253,161,998.22, significantly higher than CNY 80,844,091.76 in the first half of 2020, representing an increase of approximately 212.5%[161]. - The net cash flow from investment activities was -22,545,526.48 CNY, compared to -10,051,273.88 CNY in the previous period, indicating a decline of approximately 124.8%[165]. Research and Development - The company has a strong R&D capability, supported by various certifications and a systematic approach to technology standards[39]. - Research and development expenses increased by 42.81% to ¥11,078,192.12, attributed to higher salaries and testing costs for R&D personnel[45]. - Research and development expenses for the first half of 2021 were CNY 11,078,192.12, compared to CNY 7,757,448.45 in the same period of 2020, indicating a 42.5% increase[150]. Market and Business Strategy - The company focuses on the research, production, and sales of smart meters and IoT devices, aiming to become a leading enterprise in global energy measurement and services[30]. - Major clients include State Grid and Southern Power Grid, indicating a strong customer base in the power industry[31]. - The demand from major clients is steadily increasing, driven by procurement activities and product upgrades[34]. - The smart meter market is expected to expand rapidly as digital smart grid construction progresses, enhancing the profitability of smart meters[36]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[150]. Shareholder and Equity Information - The company reported a total share capital of 160,032,000 shares after the recent changes, reflecting a 20.00% increase from the previous 133,360,000 shares[119]. - Basic earnings per share decreased by 30.55% from 0.7102 to 0.4932 after the share capital increase[121]. - The company distributed a cash dividend of 2.0 yuan per 10 shares, totaling 26,672,000 yuan, and capitalized 26,672,000 shares to shareholders[119]. - The total number of ordinary shareholders at the end of the reporting period is 16,807[126]. - The report indicates that the actual controllers hold a combined 56.25% of the company's shares through related entities[127]. Compliance and Governance - The company has not encountered any significant changes in project feasibility or major asset sales during the reporting period[62][66]. - The company has not engaged in any significant related-party transactions during the reporting period, maintaining transparency in its operations[99]. - The company has not faced any environmental penalties and adheres to national environmental protection laws[81]. - The financial report for the first half of 2021 was not audited, indicating a need for further financial scrutiny[140]. - The financial reports comply with the latest accounting standards issued by the Ministry of Finance, reflecting the company's financial status and operational results accurately[198].

Financial Performance - The company's revenue for Q1 2021 was ¥78,925,227.23, representing a 47.61% increase compared to ¥53,469,526.18 in the same period last year[7]. - Net profit attributable to shareholders was ¥15,335,256.84, up 34.88% from ¥11,369,590.54 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥12,959,462.67, reflecting a 17.95% increase from ¥10,986,858.78 in the previous year[7]. - Basic earnings per share were ¥0.1150, a slight increase of 1.14% from ¥0.1137[7]. - Total operating revenue for Q1 2021 was CNY 78,925,227.23, an increase of 47.5% compared to CNY 53,469,526.18 in the same period last year[47]. - Total operating costs for Q1 2021 were CNY 63,196,488.81, up 42.5% from CNY 44,328,936.50 in Q1 2020[48]. - Net profit for Q1 2021 reached CNY 15,335,256.84, representing a 34.5% increase from CNY 11,369,590.54 in Q1 2020[49]. - The total comprehensive income for the first quarter of 2021 was CNY 15,973,889.89, compared to CNY 11,265,492.14 in the same period last year, representing an increase of approximately 42.5%[54]. Cash Flow - The net cash flow from operating activities was -¥35,949,687.59, a decrease of 213.29% compared to -¥11,474,820.26 in the same period last year[7]. - Cash inflow from operating activities totaled CNY 96,057,440.05, while cash outflow was CNY 132,007,127.64, resulting in a net cash flow deficit from operations[57]. - The net cash flow from investing activities was CNY -32,427,842.82, compared to CNY -114,983.34 in the previous year, indicating improved investment cash flow management[57]. - The net cash flow from financing activities was CNY 13,589,611.25, an increase from CNY 11,669,699.23 year-over-year, reflecting better financing conditions[58]. - The company paid CNY 14,011,560.92 in employee compensation, significantly higher than CNY 7,778,462.41 in the same period last year, indicating increased labor costs[57]. Assets and Liabilities - Total assets at the end of the reporting period were ¥960,436,519.65, down 3.64% from ¥996,401,897.63 at the end of the previous year[7]. - Current assets totaled CNY 846,571,303.45, down from CNY 887,611,298.00, indicating a decrease of about 4.6%[38]. - Total liabilities decreased to CNY 301,225,492.86 from CNY 352,781,127.68, reflecting a reduction of about 14.6%[40]. - The company's equity attributable to shareholders increased to CNY 658,956,026.79 from CNY 643,620,769.95, an increase of approximately 2.4%[41]. - The total liabilities to equity ratio stands at approximately 0.55, indicating a balanced capital structure[66]. Research and Development - Research and development expenses rose to RMB 4.84 million, marking a 61.03% increase from RMB 3.01 million in the previous year[20]. - Research and development expenses for Q1 2021 were CNY 4,840,683.62, an increase of 61.1% compared to CNY 3,006,100.43 in Q1 2020[48]. Government Support and Financial Management - The company received government subsidies amounting to ¥729,934.00 during the reporting period[8]. - The company approved the use of up to RMB 200 million of idle raised funds for cash management, allowing for the purchase of low-risk, liquid financial products[25]. - As of the end of the reporting period, the company had RMB 180.9 million of idle raised funds still in cash management, within the approved limits[26]. Shareholder Information - The company had a total of 18,365 common shareholders at the end of the reporting period[11]. - The proportion of the top five suppliers in total procurement was 41.30%, an increase of 2.7% compared to the previous year[22]. Other Financial Metrics - The fair value changes of financial assets and liabilities resulted in a gain of ¥2,072,280.93[8]. - Deferred income tax liabilities increased by 86.60% to RMB 418,635.45, due to gains from the fair value changes of trading financial assets[19]. - The company executed the new leasing standards starting January 1, 2021, impacting asset and liability recognition[67].

Dividend Distribution - The company plans to distribute a cash dividend of 2 RMB per 10 shares to all shareholders, based on a total of 133,360,000 shares[4]. - The proposed cash dividend is RMB 2.00 per 10 shares, totaling RMB 26,672,000.00, which represents 33.79% of the net profit attributable to shareholders for 2020[112][115]. - The total distributable profit for 2020 is RMB 210,971,227.95, which is the lower of the consolidated and parent company's distributable profits[112]. - The cash dividend distribution accounts for 100% of the total profit distribution for the year[112]. - The total cash dividend amount for 2020 is fully funded from the company's profits, with no other forms of distribution such as share buybacks[115]. - The company has a commitment to maintain a minimum cash dividend ratio of 20% during significant capital expenditure periods[112]. - The board of directors approved the profit distribution plan, which reflects the company's strong profitability and positive outlook for future growth[112]. Financial Performance - The company's operating revenue for 2020 was CNY 507.83 million, an increase of 2.61% compared to CNY 494.90 million in 2019[17]. - The net profit attributable to shareholders for 2020 was CNY 78.93 million, representing a growth of 6.44% from CNY 74.15 million in 2019[17]. - The total profit for 2020 was 91.04 million yuan, an increase of 6.36% compared to the previous year[44]. - The company achieved a revenue of 507.83 million yuan in 2020, representing a year-on-year growth of 2.61%[44]. - The company reported a basic earnings per share of CNY 0.7102, down 4.21% from CNY 0.7414 in 2019[17]. - The net cash flow from operating activities decreased significantly by 76.42% to CNY 21.19 million from CNY 89.87 million in 2019[17]. - The total assets at the end of 2020 reached CNY 996.40 million, a substantial increase of 59.68% from CNY 624.01 million in 2019[17]. - The net assets attributable to shareholders increased by 125.91% to CNY 643.62 million from CNY 284.90 million in 2019[17]. Market Expansion and Product Development - The company is actively expanding its market presence and enhancing its product offerings in the smart energy sector[12]. - The company aims to expand its market presence in the energy metering and service sector, focusing on technological innovation and new product development[30]. - The company plans to enhance its manufacturing capabilities through the establishment of a digital smart factory, expected to be operational by the end of 2021[97]. - The company is actively expanding its overseas market presence, having developed 90 models of overseas smart meters[45]. - The company plans to use the net proceeds of 279.79 million yuan from fundraising for expanding production capacity and enhancing R&D capabilities[48]. - The company is committed to strictly adhering to the stock lock-up period and transfer commitments, with a reduction in shares after the lock-up period not exceeding 1% of the total shares through centralized bidding within any continuous 90-day period[128]. Research and Development - The company reported research and development expenses amounted to 19.14 million yuan, accounting for 3.77% of total revenue[47]. - The company applied for 9 patents during the year, including 4 invention patents and 5 utility model patents[47]. - The company has focused on enhancing team building and talent development, promoting five senior titles during the reporting period[49]. - The company emphasizes R&D innovation as a core competitive advantage, continuously launching new projects and participating in national standard formulation[99]. - Investment in R&D increased by 30%, focusing on smart electrical technologies and automation solutions[198]. Risk Management - The company emphasizes the importance of risk management and has outlined potential risks and countermeasures in its future development outlook[4]. - The company faces risks from rising raw material prices, customer concentration, product development uncertainties, and the impact of the COVID-19 pandemic on overseas market expansion[103][105][107]. Corporate Governance and Transparency - The company has established a comprehensive information disclosure strategy, utilizing multiple media outlets for transparency[15]. - The company has a dedicated team for investor relations, ensuring effective communication with stakeholders[14]. - The company is committed to maintaining the accuracy and completeness of its financial reports, as stated by its management[3]. - The company has established a commitment to transparency, ensuring that all disclosures are accurate and complete, thereby taking legal responsibility for any inaccuracies[134]. Shareholder Information - The company issued 33,340,000 new shares, increasing total shares to 133,360,000[176]. - The total number of shares increased from 100,020,000 to 133,360,000, representing a 33.33% increase[177]. - The largest shareholder, Cixi Yaocreator Electronics Technology Co., Ltd., holds 50,010,000 shares, accounting for 37.50% of total shares[183]. - The company has no plans for share repurchase or reduction during the reporting period[177]. - The company plans to lift restrictions on certain shares on September 1, 2023[179]. Social Responsibility - The company actively responded to the COVID-19 pandemic by providing protective materials and supporting local hospitals[168]. - The company has a commitment to social responsibility and aims for a balance between economic and social benefits[168]. - The company emphasizes employee development and has established a comprehensive performance evaluation system[166]. Audit and Compliance - The company engaged Zhonghui Certified Public Accountants for auditing services, with a fee of 318,000 RMB and a continuous service period of 4 years[143]. - The company has maintained a clean integrity status with no unfulfilled court judgments or significant overdue debts[146]. - The company has no significant litigation or arbitration matters during the reporting period[144].

Financial Performance - Operating revenue for the period reached CNY 155,347,861.47, a 76.90% increase year-on-year[7] - Net profit attributable to shareholders was CNY 30,837,045.66, representing a 189.62% increase compared to the same period last year[7] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 27,289,982.88, up 182.61% year-on-year[7] - Basic earnings per share increased by 154.55% to CNY 0.28[7] - The net profit for the first nine months of 2020 reached RMB 60,322,266.31, representing a 39.85% increase compared to RMB 43,133,986.60 in the same period of 2019[18] - Net profit for Q3 2020 was ¥30.84 million, compared to ¥10.65 million in Q3 2019, representing an increase of 189.4%[42] - The net profit for the third quarter of 2020 was CNY 30,837,045.66, compared to CNY 10,647,398.26 in the same period last year, representing an increase of approximately 189.5%[43] - The net profit for the year-to-date period was CNY 60,322,266.31, compared to CNY 43,133,986.60, indicating a growth of approximately 39.9%[50] Asset and Equity Growth - Total assets increased by 58.88% to CNY 991,419,725.71 compared to the end of the previous year[7] - Net assets attributable to shareholders increased by 119.38% to CNY 625,016,759.88 compared to the end of the previous year[7] - The total monetary funds as of September 30, 2020, were RMB 494,798,897.77, an increase of 108.45% from RMB 237,371,894.88 at the end of 2019[19] - The company's capital reserve surged by 875.09% to RMB 274,614,930.16, attributed to funds raised from the new share issuance[19] - The equity attributable to shareholders of the parent company rose to ¥619.72 million, compared to ¥280.97 million at the end of 2019, an increase of 120.5%[39] Cash Flow and Financial Management - Net cash flow from operating activities was CNY 97,869,055.04, a 75.52% increase compared to the same period last year[7] - The company reported a significant increase in cash flow from operating activities, with a net cash flow of RMB 4,281,512.45, a 129.35% improvement from RMB -14,586,961.06 in the previous year[19] - The company generated ¥170,000,000.00 from investment recoveries, significantly higher than ¥30,000,000.00 in the previous year[57] - The net cash flow from operating activities for Q3 2020 was approximately ¥3.94 million, a significant improvement from a net outflow of ¥15.33 million in Q3 2019, indicating a turnaround in operational efficiency[60] - The net cash flow from financing activities reached ¥286.98 million, a substantial increase from a net outflow of ¥20.78 million in Q3 2019, showcasing improved capital raising efforts[60] Operating Costs and Expenses - Total operating costs for Q3 2020 were ¥121.24 million, up 56.7% from ¥77.28 million in the same period last year[42] - The total operating costs for the year-to-date period were CNY 255,171,250.92, compared to CNY 219,076,288.91, reflecting an increase of about 16.5%[49] - Research and development expenses for Q3 2020 were ¥5.06 million, compared to ¥4.77 million in Q3 2019, indicating a year-over-year increase of 6.1%[42] - Research and development expenses for the third quarter were CNY 5,059,451.85, compared to CNY 4,765,134.06, showing an increase of about 6.2%[45] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 25,943[11] - The company plans to release 101,733,513 restricted shares on September 1, 2023, following new stock issuance[14] Government Support and Subsidies - The company received government subsidies amounting to CNY 4,498,822.55, primarily related to listing rewards[8] Liabilities and Financial Health - The company's total liabilities increased to ¥341.80 million from ¥337.40 million, a slight increase of 1.2%[39] - Accounts payable increased by 94.11% to RMB 205,657,325.04, reflecting the expansion of business operations[19] - The company experienced an 862.62% increase in credit impairment losses, totaling RMB -2,406,601.30, driven by higher accounts receivable balances[18] - The company's financial assets experienced a credit impairment loss of ¥2,340,528.30, compared to a loss of ¥250,005.04 in the previous year[54] Compliance and Governance - The company has not reported any violations regarding external guarantees during the reporting period[26] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[27] - The company did not disclose any performance forecasts for the upcoming reporting period[26]