Revenue and Profit - Revenue for Q3 2021 reached ¥255,925,564.54, an increase of 10.82% year-over-year, while year-to-date revenue was ¥634,588,494.26, up 27.24% compared to the same period last year[3] - Net profit attributable to shareholders for Q3 2021 was ¥23,264,407.06, a decrease of 59.49% year-over-year, with year-to-date net profit at ¥73,468,661.62, down 33.85%[3] - Basic earnings per share for Q3 2021 was ¥0.13, a decline of 69.77% compared to the same period last year, and year-to-date basic earnings per share was ¥0.41, down 50.00%[3] - Total operating revenue for Q3 2021 reached CNY 634,588,494.26, an increase of 27.2% compared to CNY 498,736,488.30 in the same period last year[22] - Net profit for Q3 2021 was CNY 73,236,218.83, a decrease of 33.9% from CNY 110,791,591.29 in Q3 2020[23] - Basic and diluted earnings per share were both CNY 0.41, down from CNY 0.82 in the previous year[23] Assets and Liabilities - Total assets as of September 30, 2021, were ¥1,734,491,558.08, reflecting a 5.92% increase from the end of the previous year[3] - The company's total liabilities increased to CNY 467,860,355.01, compared to CNY 421,185,643.68 at the end of the previous year[21] - The company's total equity attributable to shareholders increased by 4.05% to ¥1,263,710,136.56 compared to the end of the previous year[3] - Total equity attributable to shareholders reached CNY 1,263,710,136.56, up from CNY 1,214,498,757.09 year-over-year[21] Cash Flow - Cash flow from operating activities showed a negative net amount of ¥-108,993,325.56, representing a decline of 374.98% year-to-date[3] - The net cash flow from operating activities for the first nine months of 2021 was -108,993,325.56 RMB, a decrease of 374.98% compared to 39,637,306.52 RMB in the same period of 2020[13] - The net cash flow from investing activities was -87,158,274.92 RMB, representing a decline of 786.95% from -9,826,716.88 RMB year-over-year[13] - The net cash flow from financing activities improved to 3,191,400.92 RMB, a 138.16% increase from -8,363,608.30 RMB in the previous year[13] - Cash flow from operating activities showed a net outflow of CNY 108,993,325.56, compared to a net inflow of CNY 39,637,306.52 in the same quarter last year[25] - The total cash inflow from financing activities was 27,311,001.80 CNY, while the cash outflow was 24,119,600.88 CNY, resulting in a net cash flow of 3,191,400.92 CNY[26] Inventory and Costs - The company reported a significant increase in inventory, which rose by 53.88% to ¥214,972,664.30, attributed to business expansion and strategic raw material stocking[9] - The company experienced a 54.01% increase in operating costs, totaling ¥422,279,025.58, primarily due to business expansion and rising raw material prices[12] - Total operating costs amounted to CNY 559,276,162.15, up 48.7% from CNY 375,804,276.49 year-over-year[22] - Research and development expenses for the first nine months of 2021 were ¥28,860,999.23, an increase of 50.26% compared to the same period last year, indicating a focus on innovation[12] - Research and development expenses for the quarter were CNY 28,860,999.23, an increase of 50.5% from CNY 19,207,129.18 in the same period last year[22] Shareholder Information - The top shareholder, Miao Guodong, holds 26.02% of the shares, amounting to 46,838,250 shares[16] - The company has no preferred shareholders and no significant changes in restricted shares during the reporting period[18] Other Financial Information - The company reported a decrease in tax expenses to CNY 9,546,315.63 from CNY 18,031,656.91 in the previous year[23] - The company did not adjust the beginning balance sheet items due to the implementation of the new leasing standards starting January 1, 2021[27] - The third-quarter report was not audited, which may affect the reliability of the financial data presented[28]

Financial Performance - The company reported a significant increase in revenue for the first half of 2021, with a total revenue of RMB 200 million, representing a year-on-year growth of 25%[15]. - The company's operating revenue for the reporting period was ¥378,662,929.72, representing a 41.40% increase compared to ¥267,788,917.98 in the same period last year[22]. - The company achieved a revenue of 378.66 million yuan in the first half of 2021, representing a growth of 41.40% compared to the same period last year[68]. - Total operating revenue for the first half of 2021 reached ¥345,581,148.18, a 35.3% increase from ¥255,461,211.00 in the same period of 2020[197]. - The net profit attributable to shareholders of the listed company decreased by 6.38% to ¥50,204,254.56 from ¥53,624,594.36 year-on-year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 24.30% to ¥39,892,540.02 compared to ¥52,701,066.50 in the previous year[22]. - The net profit attributable to the parent company was 50.20 million yuan, a decrease of 6.38% year-on-year, primarily due to a 10.68% decline in gross margin caused by rising raw material prices and chip shortages[68]. - Net profit for the first half of 2021 was ¥45,094,306.29, down 12.0% from ¥51,175,827.07 in the first half of 2020[198]. - The total comprehensive income attributable to the parent company was ¥50,204,254.56, down from ¥53,200,744.13 in the first half of 2020[198]. User Growth and Market Outlook - User data showed an increase in active users, reaching 1.5 million, which is a 30% increase compared to the same period last year[15]. - The company has provided a positive outlook for the second half of 2021, projecting a revenue growth of 20% to 30%[15]. - The company is expanding its market presence, targeting an increase in market share by 15% in the next year[15]. - The smart home industry is experiencing rapid growth, with an expected market size of nearly 500 million units by 2023, up from 200 million units in 2020 and 260 million units in 2021[48]. Product Development and Innovation - New product launches are expected to contribute to revenue, with three new smart home products set to be released by Q4 2021[15]. - Research and development investments have increased by 40%, focusing on AI and IoT technologies[15]. - The company is focused on the smart community security field, developing products such as intercom systems and smart home devices, and expanding into the smart hospital sector[28][29]. - The intercom products include features like remote door opening and facial recognition, enhancing security and efficiency in community access[31]. - The smart home products utilize IoT technology to provide personalized services and improve home safety and convenience[32]. - The smart hospital solutions aim to enhance patient experience and healthcare efficiency through integrated applications of IoT, big data, and AI technologies[35]. - The company has diversified its product structure by expanding into new areas such as fresh air systems, smart access, and smart locks, enhancing its offerings in smart communities and smart hospitals[36]. - The company employs an integrated product development (IPD) model for R&D, focusing on self-initiated projects while collaborating with academic and market-oriented institutions for technological innovation[38]. Financial Management and Investments - No cash dividends will be distributed for this period, as the company aims to reinvest profits into growth initiatives[5]. - The cash flow from investment activities showed a significant increase of 15,232.29%, amounting to ¥431,936,159.21, primarily due to cash management maturity redemption[76]. - The company has ongoing significant non-equity investments, indicating a focus on expanding operational capabilities[88]. - The total amount of raised funds is RMB 69,630.41 million, with RMB 10,079.46 million invested during the reporting period[94]. - The company has invested RMB 60,000 million in entrusted financial management, with no overdue amounts[101]. Risks and Challenges - The company faces risks including fluctuations in the real estate market and increased competition, which could impact future performance[4]. - The company is addressing the risk of increased market competition by focusing on customer needs and enhancing R&D efforts to develop innovative products[111]. - The company is managing the risk of raw material price fluctuations by optimizing supply chain management and exploring alternative materials[112]. - The company faces risks from fluctuations in the real estate industry, which directly impacts its main products[110]. Corporate Governance and Social Responsibility - The company emphasizes social responsibility, establishing a management system to balance economic and social benefits[125]. - The company actively engages in social welfare activities, providing rapid response services during the pandemic and supporting disaster relief efforts in Henan[133]. - The company does not belong to key pollutant discharge units and complies with national environmental protection laws, obtaining ISO14001 and ISO45001 certifications[124]. - The company has not experienced any safety production accidents during the reporting period, ensuring orderly operations[131]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,566[168]. - The largest shareholder, Miao Guodong, holds 26.02% of the shares, totaling 15,612,250 shares[169]. - The company has a total of 135,000,000 shares issued[166]. - The shareholding structure indicates a concentration of ownership among a few key shareholders[169].

Financial Performance - The company's operating revenue for Q1 2021 was ¥141,598,893.68, representing a 42.45% increase compared to ¥99,401,162.54 in the same period last year[7] - Net profit attributable to shareholders was ¥22,271,469.28, an increase of 80.68% from ¥12,326,452.09 year-on-year[7] - The net profit after deducting non-recurring gains and losses was ¥17,006,365.32, up 44.31% from ¥11,784,291.15 in the previous year[7] - The basic earnings per share increased by 35.71% to ¥0.19 from ¥0.14 in the same period last year[7] - The total comprehensive income for the first quarter of 2021 was CNY 22,110,546.28, compared to CNY 12,565,132.85 in the same period last year, representing an increase of approximately 76.5%[47] - The net profit for Q1 2021 was CNY 22,110,546.28, up from CNY 12,153,416.91 in Q1 2020, indicating an increase of approximately 81.5%[46] - The net profit for the first quarter was CNY 21,178,931.54, up from CNY 13,527,212.43, indicating a year-over-year increase of about 56.5%[50] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,639,476,292.44, a slight increase of 0.12% from ¥1,637,530,627.92 at the end of the previous year[7] - The total current assets decreased slightly to CNY 1.53 billion from CNY 1.55 billion, reflecting a decline of 0.4%[36] - The total liabilities decreased to CNY 401.02 million from CNY 421.19 million, a reduction of 4.8%[38] - The total liabilities decreased to CNY 381,540,189.05 from CNY 401,696,635.58, showing a reduction of about 5%[42] Cash Flow - The net cash flow from operating activities improved by 18.06%, reaching -¥40,933,093.61 compared to -¥49,952,742.09 in the same period last year[7] - Cash flow from operating activities showed a net outflow of CNY 40,933,093.61, an improvement from the previous year's outflow of CNY 49,952,742.09[54] - The net cash flow from operating activities was -36,178,192.55, an improvement from -49,615,896.84 in the previous period[57] - The net cash flow from investment activities was RMB 143.59 million, a 6915.60% increase year-on-year, attributed to the recovery of structured deposits[17] - The total cash inflow from investment activities was CNY 554,226,891.75, compared to CNY 570,000.00 in the previous year, showing a substantial increase in investment activity[54] Research and Development - The company increased its R&D expenses by 64.56% to RMB 8.77 million, driven by an increase in R&D personnel[16] - The company reported a significant increase in research and development expenses, which rose to CNY 8,774,433.35 from CNY 5,332,128.50, representing a growth of approximately 64.5%[45] - Research and development expenses increased to CNY 7,320,883.01 from CNY 4,519,217.38, representing a growth of approximately 62.1%[49] Inventory and Receivables - Inventory increased by 39.83% to RMB 195.35 million, reflecting the company's strategic stockpiling of raw materials[16] - The company has seen a trend of increasing accounts receivable, which may lead to risks of overdue payments and bad debt losses[24] - The company's inventory increased to CNY 195.35 million, up from CNY 139.70 million, indicating a rise of 39.9%[36] Strategic Initiatives and Market Conditions - The company plans to continue focusing on market demand and enhancing product application value through innovation and development[18] - The company has implemented four strategic themes: channel expansion, technology leadership, brand building, and excellent management, to adhere to its annual development strategy[21] - The company faces risks from fluctuations in the downstream real estate industry, which could adversely affect its business operations[21] - The company is experiencing increased competition in the intercom and smart home industries, which may pressure its market share and profitability[23] - The cost of raw materials, particularly IC chips and LCD screens, is a significant concern, as price increases could negatively impact the company's operations[23] Shareholder Information - The total number of shareholders at the end of the reporting period was 22,878[11] - The total equity attributable to shareholders of the parent company was CNY 1,263,575,330.56, up from CNY 1,242,396,399.02, indicating a growth of about 1.7%[42] Government Support - The company received government subsidies amounting to ¥1,600,691.10 during the reporting period[8] Fundraising and Investments - The total amount of raised funds was ¥69,630.41 million, with ¥9,069.84 million invested in the current quarter[27] - The company has not utilized the raised funds from its IPO, which amounted to CNY 19.20 million, as of March 31, 2021[29] - The balance of unused raised funds in structured deposit products was CNY 395 million as of March 31, 2021[29]

Profit Distribution - The company reported a profit distribution plan to distribute a cash dividend of 2 RMB per 10 shares (including tax) to all shareholders, based on 120,000,000 shares[4]. - The company distributed a cash dividend of 15,000,000.00 CNY (including tax) based on 90,000,000 shares, with no stock bonus issued[144]. - The total cash dividend amount for the year was 24,000,000.00 CNY, which accounted for 100% of the total profit distribution[145]. - In 2020, the total cash dividend amounted to 24,000,000 RMB, representing 15.55% of the net profit attributable to shareholders[148]. - In 2019, the cash dividend was 15,000,000 RMB, which accounted for 11.86% of the net profit attributable to shareholders[148]. - The company has committed to a minimum cash dividend distribution ratio of 20% during its growth phase, considering significant capital expenditures[146]. - The company has maintained a consistent approach to profit distribution over the past three years, with a focus on balancing shareholder returns and long-term development[146]. - The cash dividend distribution reflects the company's commitment to returning value to shareholders while ensuring sustainable business operations[146]. - The company plans to implement a cash dividend policy that prioritizes cash distributions, with a minimum of 10% of the distributable profits to be allocated as cash dividends annually[163]. - The company aims to maintain a stable profit distribution policy, ensuring that the cumulative cash dividends over any three consecutive fiscal years are no less than 30% of the average annual distributable profits during that period[165]. Financial Performance - The company's operating revenue for 2020 was ¥777,900,203.81, representing a 26.47% increase compared to ¥615,107,565.33 in 2019[18]. - The net profit attributable to shareholders for 2020 was ¥154,321,836.90, up 22.00% from ¥126,492,774.30 in 2019[18]. - The net cash flow from operating activities increased by 123.30% to ¥83,580,566.13 in 2020, compared to ¥37,430,071.95 in 2019[18]. - The total assets at the end of 2020 reached ¥1,637,530,627.92, a 138.05% increase from ¥687,886,350.52 at the end of 2019[18]. - The net assets attributable to shareholders increased by 217.64% to ¥1,214,498,757.09 at the end of 2020, compared to ¥382,345,501.03 at the end of 2019[18]. - The basic earnings per share for 2020 was ¥1.67, an increase of 18.44% from ¥1.41 in 2019[18]. - The company reported a total revenue of 1.5 billion RMB for the fiscal year 2020, representing a year-over-year growth of 20%[190]. - User data indicates an increase in active users by 15% year-over-year, reaching 2 million active users by the end of 2020[191]. - The company has set a revenue guidance for 2021, projecting a growth rate of 25% compared to 2020[190]. Market and Industry Trends - The company faces potential risks including fluctuations in the downstream real estate industry, intensified market competition, rising raw material prices, and increased accounts receivable balances[4]. - The real estate market in China is shifting from investment to residential focus, driven by government policies aimed at improving housing supply[109]. - The demand for smart community products is expected to grow rapidly due to the pandemic and the increasing emphasis on technology in housing[110]. - The smart community security industry is becoming essential, with government support for the integration of smart technologies in community management[111]. - The smart hospital sector is projected to grow significantly, driven by increasing investment and the integration of advanced technologies to improve healthcare services[121]. - The smart home market in China is experiencing rapid growth, driven by advancements in IoT, cloud computing, and AI technologies[117]. Research and Development - The company emphasizes independent R&D, utilizing an integrated product development (IPD) model and collaborating with academic institutions for product innovation[37]. - The company is focused on expanding its product offerings in smart community security, including intercom systems and smart home devices, leveraging advancements in AI and IoT technologies[28]. - The company has a strong focus on technology research and development, with over 100 R&D personnel and a portfolio of 27 invention patents and 21 utility model patents as of December 2020[54]. - The company is investing 100 million RMB in R&D for new technologies aimed at enhancing product features and user experience[190]. - The company plans to upgrade its R&D center and acquire advanced laboratory equipment to improve its research capabilities and product development efficiency[125]. Strategic Partnerships and Market Expansion - The company has established strategic partnerships with major real estate firms, enhancing its brand recognition and market share[51]. - The company plans to expand its sales network by establishing direct offices in third and fourth-tier cities over the next three years, enhancing its market share in the real estate sector and focusing on applications in healthcare, education, and public security[123]. - The company aims to enhance its overseas market sales by enhancing marketing deployment and developing new sales channels for its products[128]. - A strategic partnership with a leading tech firm is expected to drive innovation and improve operational efficiency, projected to save 50 million RMB annually[191]. Risk Management - The company faces risks from fluctuations in the real estate industry, which could impact its business operations[136]. - The company is experiencing increased competition in the intercom and smart home sectors, which may affect its market share and profitability[137]. - Rising raw material prices, particularly for IC chips and LCD screens, pose a risk to the company's cost structure[138]. - The company is at risk of increased accounts receivable due to long payment cycles from real estate clients, which could lead to bad debt losses[139]. Compliance and Governance - The company has committed to ensuring compliance with the China Securities Regulatory Commission's regulations regarding shareholding reductions[156]. - The company has established measures to ensure that any profits from unauthorized share reductions will be returned to the company[156]. - The company guarantees the accuracy and completeness of its IPO prospectus, taking legal responsibility for any misleading statements or omissions[194]. - The company has established internal control systems to prevent commercial bribery and has not faced any complaints or penalties related to such behavior[192]. Future Outlook - The company aims to enhance its market presence in the smart hospital sector by developing healthcare intercom systems[28]. - The company plans to enhance shareholder profit distribution and optimize investment return mechanisms based on future revenue levels and profitability[185]. - The company is exploring potential acquisitions to enhance its technology portfolio, with a budget of 500 million RMB allocated for this purpose[190]. - New product launches are expected to contribute an additional 300 million RMB in revenue in 2021[191].