Financial Performance - The company's revenue for Q1 2022 was ¥82,783,333.27, representing a 17.12% increase compared to ¥70,680,421.39 in the same period last year[7] - Net profit attributable to shareholders decreased by 9.67% to ¥21,761,817.40 from ¥24,092,179.59 year-on-year[7] - Basic earnings per share decreased by 9.65% to ¥0.1432 from ¥0.1585 in the same period last year[7] - Total operating revenue for the first quarter was CNY 82,783,333.27, an increase of 17.5% compared to CNY 70,680,421.39 in the previous year[26] - Net profit for the quarter was CNY 21,761,817.40, a decrease of 9.2% from CNY 24,092,179.59 in the previous year[27] - The company’s total comprehensive income for Q1 2022 was ¥21,761,817.40, a decrease of 9.2% from ¥24,092,179.59 in the same period last year[28] Cash Flow - The net cash flow from operating activities fell by 38.98% to ¥15,450,251.95, down from ¥25,320,747.70 in the previous year[7] - Cash inflow from operating activities totaled ¥85,416,474.90, an increase of 5.0% compared to ¥80,808,032.83 in the previous year[30] - The net cash flow from operating activities was ¥15,450,251.95, down 39.0% from ¥25,320,747.70 in Q1 2021[30] - Cash outflow from investment activities was ¥57,233,100.00, significantly lower than ¥219,634,992.00 in the same period last year[31] - The net cash flow from investment activities was -¥16,003,730.14, an improvement from -¥219,634,992.00 in Q1 2021[31] - The cash and cash equivalents at the end of Q1 2022 stood at ¥350,982,153.70, compared to ¥102,266,158.99 at the end of Q1 2021[31] Assets and Liabilities - Total assets increased by 3.15% to ¥816,324,074.48 compared to ¥791,361,708.60 at the end of the previous year[7] - Total liabilities increased to CNY 62,567,490.26, compared to CNY 59,366,941.78 at the start of the year, marking a rise of 3.7%[24] - Cash and cash equivalents at the end of the quarter were CNY 356,066,391.85, slightly up from CNY 351,624,843.47 at the beginning of the year[22] - Accounts receivable rose to CNY 92,214,657.40, an increase of 4.9% from CNY 88,013,169.18 at the start of the year[22] - Inventory levels increased to CNY 61,158,393.89, up from CNY 57,994,025.38 at the beginning of the year, reflecting a growth of 3.9%[22] Research and Development - The company's R&D expenses rose by 38.71% to ¥396,670.00, reflecting increased investment in research and development[11] - Research and development expenses increased to CNY 3,965,309.73, representing a rise of 38.8% compared to CNY 2,858,636.65 last year[27] - The company is focused on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 15,459[14] - As of January 4, 2022, major shareholders reduced their holdings by a total of 3.52 million shares, representing 1% of the company's total share capital[17] - The top ten shareholders include 桐乡海富股权投资中心 with 8.26 million shares (5.43%) and 张君 with 3.80 million shares (2.50%) of common stock[16] Government and Certifications - The company received government subsidies amounting to ¥1,560,115.70 during the reporting period[9] - The company received the "High-tech Enterprise Certificate" from the Jiangsu Provincial Department of Science and Technology, indicating successful re-certification as a high-tech enterprise[20] Future Plans and Financing - The company plans to apply for a comprehensive credit limit of up to 130 million RMB from banks in 2022 to maintain good cooperative relationships[19] - The company has established new fundraising special accounts with banks to manage raised funds effectively[18] - The company is actively involved in financing and margin trading, with several shareholders participating through securities accounts[16] Dividend Information - The company has not proposed cash dividends or stock bonuses for the 2021 profit distribution plan[18]

Financial Performance - The company's operating revenue for 2021 was ¥314,719,612.20, representing a 45.47% increase compared to ¥216,351,032.22 in 2020[17]. - The net profit attributable to shareholders for 2021 was ¥84,375,806.28, a 34.73% increase from ¥62,626,061.05 in 2020[17]. - The net cash flow from operating activities increased by 68.24% to ¥79,053,208.48 in 2021, up from ¥46,988,301.48 in 2020[17]. - The basic earnings per share for 2021 was ¥0.5550, reflecting a 9.47% increase from ¥0.5070 in 2020[17]. - Total assets at the end of 2021 were ¥791,361,708.60, a 6.69% increase from ¥741,768,799.03 at the end of 2020[17]. - The company reported a weighted average return on equity of 11.72% for 2021, down from 14.97% in 2020[17]. - The company received government subsidies amounting to ¥3,937,377.79 in 2021, compared to ¥5,002,619.88 in 2020[22]. - The company achieved a total operating revenue of 314,719,600 CNY in 2021, representing a growth of 45.47% year-on-year[46]. - Operating profit for the company in 2021 was 96,961,348.85 CNY, up by 40.53% from the previous year[46]. - The net profit attributable to shareholders was 84,375,806.28 CNY, reflecting a year-on-year increase of 34.73%[46]. Market Expansion and Strategy - The company is focused on expanding its market presence and enhancing its product offerings through new technologies and research[5]. - The company aims to improve its production efficiency and reduce costs through advanced powder metallurgy techniques, achieving a material utilization rate of up to 95%[10]. - The company plans to further invest in the MIM sector in 2022, focusing on high-end talent, land, and equipment to enhance market share[37]. - The company is actively exploring the soft magnetic products market for new energy vehicles and aims for significant market share growth in 2022[135]. - The company aims to transition its competitive strategy from "cost leadership" to "differentiation" over the next five years, focusing on personalized product solutions[131]. - The company is committed to entering high-end markets by enhancing its technical research capabilities[95]. - The company is focusing on expanding its market reach with advanced manufacturing techniques and new product development[95]. Research and Development - The company maintains a strong focus on R&D for new products and technologies, enhancing its competitive edge in the market[61]. - R&D expenses amounted to 12.81 million yuan, a significant increase of 55.52% year-on-year, supporting innovation efforts[73]. - The company has accumulated a total of 50 patents, with 3 new invention patents and 4 utility model patents added during the reporting period[72]. - The company signed a cooperation agreement with Nanjing University of Science and Technology to focus on key technologies in soft magnetic alloy light-curing 3D printing and debinding sintering processes[78]. - The company is developing a new high-performance, low-cost stainless steel impeller using rapid light curing 3D printing technology[95]. - The project aims to produce 500,000 units annually, potentially increasing sales by approximately 6 million yuan per year[95]. - The company is researching a new powder escape technology for producing compressor balance blocks, which will reduce production costs and improve product qualification rates[95]. Partnerships and Client Relationships - The company has established partnerships with major international firms, including Stanley Black & Decker and Bosch, to enhance its competitive edge[9]. - The electric tool components business accounted for 95.64% of the company's total revenue in 2021, with significant contributions from Stanley Black & Decker and TTI[43]. - The company has established long-term stable business relationships with global leaders such as Stanley Black & Decker, Bosch, TTI, and Makita, focusing on the mid-to-high-end market for powder metallurgy components[47]. - The company reported a significant increase in demand for powder metallurgy components from major electric tool manufacturers, with Stanley Black & Decker achieving a revenue of $15.6 billion in 2021, a 20% increase from 2020[62]. Governance and Management - The company has a governance structure that does not involve differential voting rights[156]. - The company has a supervisory board with 3 members, including 1 employee supervisor, ensuring compliance and oversight of major matters[143]. - The company has implemented a performance evaluation and incentive mechanism for directors and senior management, linking their compensation directly to the company's operating performance[146]. - The company has maintained a stable management team with no significant changes in key personnel[170]. - The company is committed to improving its organizational structure and performance assessment systems to achieve strategic goals[133]. - The company has a diverse board with members having extensive backgrounds in technology, finance, and management, enhancing its operational capabilities[161][162]. Financial Management and Internal Controls - The company has established a comprehensive internal control system to manage operational risks effectively, ensuring no significant omissions in its internal control design and execution[195]. - The company's internal control management is supervised by the audit committee and internal audit department, ensuring effective risk management[195]. - The internal control audit report confirmed that the company maintained effective internal controls related to financial reporting as of December 31, 2021[199]. - The company has committed to rectifying any identified deficiencies in internal controls promptly, although none were reported in the latest evaluation[198]. - The company has independent financial management and auditing departments, with a separate accounting system and financial decision-making processes[151]. Profit Distribution and Shareholder Relations - The company reported a total distributable profit of approximately 224.89 million RMB, with no cash dividends distributed during the reporting period[192]. - The company’s board of directors has emphasized the importance of maintaining cash reserves for future operational and project funding needs, leading to the decision not to distribute cash dividends for 2021[193]. - The company’s independent directors have fulfilled their responsibilities and ensured that minority shareholders' rights are adequately protected during the profit distribution process[191]. - The company implemented a profit distribution plan for the 2020 fiscal year, distributing a cash dividend of 7.5 RMB per 10 shares, totaling 60 million RMB (before tax) to shareholders[189]. Employee and Talent Management - The company has implemented a dual-track training mechanism for technical and management talents to enhance overall talent quality[80]. - The management team includes individuals with extensive backgrounds in technology and engineering, contributing to innovation[170]. - The company has a total of 312 employees, with 215 in production, 16 in sales, 40 in technical roles, 6 in finance, and 35 in administration[182]. - The educational background of employees includes 1 with a master's degree, 48 with bachelor's degrees, 70 with associate degrees, and 193 with vocational or lower education[183].

Financial Performance - Revenue for Q3 2021 reached ¥76,896,699.46, an increase of 14.48% year-over-year, and a total of ¥237,834,766.40 for the year-to-date, reflecting a growth of 60.69%[5] - Net profit attributable to shareholders for Q3 2021 was ¥21,827,309.42, up 14.45% compared to the same period last year, with a year-to-date total of ¥70,873,432.95, marking a 65.47% increase[5] - Total operating revenue for Q3 2021 reached ¥237,834,766.40, a significant increase of 60.5% compared to ¥148,005,776.07 in the same period last year[42] - Net profit for Q3 2021 was ¥70,873,432.95, representing a year-on-year growth of 65.5% from ¥42,830,501.88[43] - The total comprehensive income for the period reached ¥70,873,432.95, compared to ¥42,830,501.88 in the previous period, reflecting a significant increase[44] Earnings and Shares - Basic earnings per share for Q3 2021 was ¥0.1436, a decrease of 39.77% year-over-year, while the diluted earnings per share remained the same[5] - Basic and diluted earnings per share improved to ¥0.6328 from ¥0.5354 year-over-year[44] Assets and Liabilities - Total assets at the end of Q3 2021 amounted to ¥772,650,836.51, representing a 4.16% increase from the end of the previous year[5] - Current assets totaled ¥646,029,965.11, an increase of 2.5% from ¥632,023,545.77 at the end of 2020[38] - Total liabilities increased to ¥54,158,443.02, up from ¥34,149,838.49, indicating a growth of 58.7%[40] - The total equity attributable to shareholders reached ¥718,492,393.49, up from ¥707,618,960.54, showing a growth of 1.2%[41] Cash Flow - Cash flow from operating activities for the year-to-date reached ¥61,096,415.83, an increase of 78.96% compared to the same period last year[5] - Cash flow from operating activities generated a net amount of ¥61,096,415.83, up from ¥34,140,256.13 in the same period last year, indicating strong operational performance[47] - Cash inflow from investment activities totaled ¥410,864,717.13, a substantial increase from ¥40,857,928.46 in the previous period[47] - The net cash flow from investment activities was ¥9,158,558.89, recovering from a negative cash flow of -¥48,307,628.04 in the prior year[47] - The company incurred cash outflows for operating activities totaling ¥193,289,181.72, compared to ¥101,285,436.00 in the previous period, indicating increased operational costs[47] Expenses - Sales expenses increased by RMB 2.20 million, a growth of 78.94%, mainly due to increased employee compensation and customs fees[15] - Management expenses increased by RMB 5.06 million, a growth of 82.17%, primarily due to increased employee compensation and office expenses during the reporting period[15] - R&D expenses increased by RMB 2.96 million, a growth of 49.60%, mainly due to increased investment in research and development[15] - The company's research and development expenses for Q3 2021 were ¥8,924,545.94, compared to ¥5,965,446.78 in the previous year, reflecting a 49.5% increase[42] Inventory and Sales - The company reported a significant increase in inventory, which rose by ¥24,726,800, a growth of 76.73%, primarily due to increased orders[12] - Operating profit for Q3 2021 increased by ¥30,516,800, a growth of 61.66%, attributed to stable growth in sales revenue[14] - The company reported a significant increase in sales revenue from goods and services, totaling ¥239,242,930.76, compared to ¥128,118,948.93 in the previous period[45] Shareholder Information - The total number of common shareholders at the end of the reporting period was 12,873[17] - The top shareholder, Zhou Guangrong, holds 43.00% of the shares, totaling 65,360,000 shares[17] - The total number of restricted shares at the end of the reporting period was 96,900,000 shares[20] Government and Community Support - The company donated RMB 200,000 to the Zhengzhou Charity Federation to support flood relief efforts in July 2021[21] - The company also donated RMB 200,000 to the Yangzhou Red Cross to support COVID-19 prevention efforts in late July 2021[22] Market and Operational Challenges - The company has faced a foreign exchange loss of 1.46 million yuan from January to September due to fluctuations in the USD exchange rate, despite a gain of 0.37 million yuan during the reporting period[34] - The company has been impacted by the COVID-19 outbreak in Yangzhou, which led to production disruptions, although the situation is now under control[34] - The company is experiencing pressure from rising raw material prices, particularly for copper and iron, and has implemented price increases to mitigate this impact[34] - The company is at risk of losing its high-tech enterprise status, which could affect its tax benefits, as it is currently applying for re-certification[34] - The company is monitoring potential impacts from power supply constraints, although it has not yet faced significant effects[35] - The company plans to enhance its smart manufacturing systems to mitigate rising labor costs due to the diminishing demographic dividend[35] Other Information - The company signed a land use rights transfer contract for approximately 26,700 square meters of land for production purposes[30] - The company did not undergo an audit for the third quarter report[49]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥160,938,066.94, representing a 99.10% increase compared to ¥80,834,011.09 in the same period last year[20]. - Net profit attributable to shareholders reached ¥49,046,123.53, a significant increase of 106.44% year-on-year[30]. - The net profit after deducting non-recurring gains and losses was ¥42,514,201.31, up 88.80% from the previous year[30]. - The basic and diluted earnings per share were both ¥0.5331, reflecting a growth of 34.62%[30]. - The total assets at the end of the reporting period were ¥754,256,878.97, an increase of 1.68% from the end of the previous year[30]. - The net assets attributable to shareholders decreased to ¥696,665,084.07, down 1.55% compared to the previous year[30]. - The company reported a net cash flow from operating activities of ¥25,394,598.90, a decrease of 20.90% year-on-year[30]. - The company reported a total of RMB 9,531,320.67 in payable employee compensation, up from RMB 7,506,049.41, indicating an increase of about 27%[171]. - The total operating revenue for the first half of 2021 was CNY 160,938,066.94, a significant increase of 99.0% compared to CNY 80,834,011.09 in the first half of 2020[177]. - The total operating costs for the first half of 2021 were CNY 110,079,515.11, up 105.5% from CNY 53,651,428.06 in the same period last year[177]. - The net profit for the first half of 2021 reached CNY 49,046,123.53, representing a 106.5% increase from CNY 23,758,245.63 in the first half of 2020[179]. Market Position and Strategy - The company is focused on expanding its market presence and developing new products in the powder metallurgy sector, which has a raw material utilization rate of up to 95%[10]. - The company has established long-term stable business relationships with global enterprises such as Stanley Black & Decker and Bosch[31]. - The company focuses on the research, development, production, and sales of customized powder metallurgy components for various industries[30]. - The company plans to deepen its collaboration with key clients and expand its new product orders, particularly in MIM components, to strengthen its market position[67]. - The company is actively seeking to expand into the soft magnetic products market for new energy vehicles and is accelerating its efforts in the MIM product market[104]. - The company has established stable partnerships with multiple external processing suppliers to reduce manufacturing costs and improve resource allocation[44]. Research and Development - The company's R&D expenses totaled ¥6,032,349.98, reflecting a 54.67% increase from ¥3,900,050.62 in the previous year, indicating a strong commitment to innovation[82]. - The company has accumulated a total of 47 patents, including 1 invention patent and 3 utility model patents added during the reporting period, showcasing its strong R&D capabilities[78]. - The company plans to enhance its research and development efforts in new technologies[200]. Risks and Challenges - The company emphasizes that future operational plans and targets do not constitute profit forecasts and are subject to market conditions, highlighting potential risks[6]. - The company has outlined potential risks and countermeasures in its management discussion, providing insights into its strategic planning[6]. - The company faced risks from rising raw material prices, particularly for copper and iron, which have pressured product costs; measures such as increasing product prices have been implemented to mitigate this impact[108]. - The company is at risk of losing its high-tech enterprise status, which provides a 15% preferential tax rate; it is currently applying for re-certification[109]. - The company has been affected by the COVID-19 outbreak in Yangzhou, which has impacted production and operational activities, with ongoing uncertainty regarding the situation[107]. Corporate Governance and Compliance - The company has not made any retrospective adjustments or restatements to previous years' accounting data, ensuring the integrity of its financial reporting[20]. - The company has established a dedicated investor relations contact, ensuring transparency and communication with stakeholders[16]. - The company has implemented a governance structure in compliance with relevant laws and regulations, enhancing decision-making fairness and ensuring sustainable operations[121]. - The company has not engaged in any significant related party transactions during the reporting period[132]. - The company has not experienced any administrative penalties related to environmental issues during the reporting period[120]. Shareholder Information - The company’s legal representative is Zhou Guangrong, who also serves as the controlling shareholder[10]. - Major shareholders include Zhou Guangrong with 43.00% (65.36 million shares) and Xu Xiaoyu with 12.50% (19 million shares)[155]. - The shareholder structure indicates a significant concentration, with the top three shareholders holding over 63.50% of the total shares[155]. - The company did not distribute cash dividends or bonus shares for the current year, nor did it convert capital reserves into share capital[118]. - The company distributed cash dividends of RMB 7.50 per 10 shares, totaling RMB 60 million (including tax) to all shareholders[150]. Investment and Financial Management - The company has committed to invest RMB 181.14 million in a new powder metallurgy component project, with 39.06% of the investment completed by the end of the reporting period[99]. - The total amount of raised funds is RMB 344 million, with RMB 11.99 million invested during the reporting period and a cumulative investment of RMB 81.34 million[95]. - The company plans to use up to RMB 250 million of temporarily idle raised funds for cash management, with a focus on safe and liquid investment products[97]. - The company reported a foreign exchange loss of RMB 1.825 million due to fluctuations in the USD exchange rate, which increased financial expenses significantly[106]. - The company reported a comprehensive income of CNY 49,046,123.50 for the current period[194]. Operational Efficiency - The company has a strong rapid response advantage due to its flexible management structure and quality control systems, enabling it to meet stringent supply demands from international clients[48]. - The company has maintained stable cooperation with mold suppliers, ensuring a reliable supply chain for customized product production[43]. - The company has strengthened its management capabilities by hiring influential talents in the powder metallurgy industry, significantly enhancing operational efficiency[77].

扬州海昌新材股份有限公司 2021 年第一季度报告 扬州海昌新材股份有限公司 2021 年第一季度报告 公告编号：2021-016 2021 年 4 月 1 扬州海昌新材股份有限公司 2021 年第一季度报告 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人周光荣、主管会计工作负责人许卫红及会计机构负责人(会计主管人员)许卫 红声明：保证季度报告中财务报表的真实、准确、完整。 2 扬州海昌新材股份有限公司 2021 年第一季度报告 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 70,680,421.39 | 32,009,705.91 | 120.81% | | 归属于上市公司股东的净利润（元） | 24,092,179.59 | 9, ...

Financial Performance - The company's operating revenue for 2020 was ¥216,351,032.22, representing an 18.55% increase compared to ¥182,504,273.29 in 2019 [19]. - The net profit attributable to shareholders for 2020 was ¥62,626,061.05, a 5.14% increase from ¥59,564,081.13 in 2019 [19]. - The net profit after deducting non-recurring gains and losses was ¥55,886,910.27, up 8.48% from ¥51,519,189.04 in 2019 [19]. - The total assets at the end of 2020 reached ¥741,768,799.03, a significant increase of 120.26% from ¥336,769,699.51 at the end of 2019 [19]. - The net assets attributable to shareholders increased by 135.10% to ¥707,618,960.54 from ¥300,991,232.21 in 2019 [19]. - The basic earnings per share for 2020 was ¥0.96, a decrease of 3.02% from ¥0.99 in 2019 [19]. - The company reported a decrease in net cash flow from operating activities, which was ¥46,988,301.48, down 36.83% from ¥74,381,034.37 in 2019 [19]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the year, representing a growth of 20% compared to the previous year [145]. Dividends and Shareholder Returns - The company reported a cash dividend of 7.5 RMB per 10 shares (including tax) and a stock bonus of 9 shares per 10 shares based on a total of 80 million shares [7]. - The company plans to distribute cash dividends of 7.50 RMB per 10 shares, totaling 60,000,000 RMB, based on a total share capital of 80,000,000 shares [127]. - In 2020, the company distributed cash dividends amounting to 60,000,000.00, which represents 95.81% of the net profit attributable to ordinary shareholders [132]. - In 2019, the company did not distribute any cash dividends, with a net profit attributable to ordinary shareholders of 59,564,081.13 [132]. - The company has not distributed any stock dividends in the past three years, focusing solely on cash dividends [130]. Market Position and Strategy - The company’s future development strategy includes expanding its market presence and enhancing its product offerings through new technologies and product innovations [7]. - The company is focused on developing new products and technologies to meet market demands and improve competitiveness in the powder metallurgy sector [7]. - The company has established a strong relationship with major international partners, including Stanley Black & Decker and Bosch Group, enhancing its market reach [11]. - The company has established long-term partnerships with major international firms such as Stanley Black & Decker and Bosch, enhancing its market position in the powder metallurgy sector [26]. - The company has maintained stable revenue growth, with significant demand from global electric tool giants like Stanley Black & Decker, Bosch Group, and TTI, leading to a revenue increase in 2020 [39]. - The company aims to enhance its market share by deepening market exploration and responding quickly to customer needs [117]. - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share by 2025 [136]. Research and Development - The company is focused on enhancing its competitive edge through various forms of collaboration within the industry, adapting to market challenges [49]. - Research and development expenses increased by 3.42% year-over-year, emphasizing the company's commitment to innovation [68]. - The company engaged in multiple academic collaborations to enhance its R&D capabilities, including projects with Jiangsu University and Central South University [68]. - The company aims to enhance its R&D capabilities by investing in a new powder metallurgy materials application R&D center [118]. - Investment in R&D for new technologies increased by 25%, totaling 300 million yuan in 2020 [136]. Operational Efficiency - The company emphasizes a high raw material utilization rate of 95% in its powder metallurgy production process, which contributes to lower manufacturing costs and high product precision [12]. - The company has a rapid response advantage due to its flexible management and quality control systems, enabling it to meet stringent supply demands from international clients [40]. - The company has maintained a cost advantage compared to developed countries, which helped secure international orders and boost overseas sales revenue [63]. - The company focused on quality management and cost control, optimizing supply chain management to reduce procurement costs [69]. Compliance and Governance - The company’s financial report assures the accuracy and completeness of the financial data presented, with key financial indicators discussed in detail in the report [6]. - The company’s board of directors has fully attended the meeting to review the annual report, ensuring governance and accountability [6]. - The company has fulfilled all commitments made by actual controllers, shareholders, and related parties during the reporting period [133]. - The company has established strict compliance with relevant laws and regulations regarding shareholding and reduction commitments [135]. Challenges and Risks - The company has recognized the potential risks from international trade disputes, particularly with the U.S., which could impact its export business [122]. - The company successfully navigated the challenges posed by the COVID-19 pandemic, maintaining revenue growth throughout 2020 [124]. Share Structure and Capital Management - The total number of shares increased from 60,000,000 to 80,000,000, reflecting a 33.33% increase in share capital [185]. - Major shareholder Zhou Guangrong holds 43.00% of the shares, amounting to 34,400,000 shares [188]. - The company has received approval from the China Securities Regulatory Commission for the issuance of shares, indicating compliance with regulatory requirements [184]. - The company has no plans for share buybacks or other significant changes in shareholder structure at this time [182].

Financial Performance - Operating revenue for the current period was CNY 67,171,764.98, representing a 41.58% increase year-on-year[8] - Net profit attributable to shareholders for the current period was CNY 19,072,256.25, an increase of 13.76% year-on-year[8] - Basic earnings per share decreased by 14.29% to CNY 0.24[8] - Weighted average return on equity decreased by 33.65% to 3.50%[8] - The company's total revenue for the third quarter of 2020 was CNY 67,171,764.98, up from CNY 47,444,628.46 in the same period of 2019, representing a year-over-year increase of about 41.6%[42][44] - The net profit for the third quarter of 2020 was CNY 19,072,256.25, compared to CNY 16,765,969.40 in the third quarter of 2019, indicating a growth of approximately 13.8%[44] - Net profit for the period was ¥42,830,501.88, a decrease of 6.0% from ¥45,670,963.49 in the previous period[49] - Basic and diluted earnings per share were both ¥0.54, down from ¥0.76 in the previous period[50] Assets and Liabilities - Total assets increased by 115.69% to CNY 726,376,452.90 compared to the end of the previous year[8] - Net assets attributable to shareholders increased by 128.52% to CNY 687,823,401.37 compared to the end of the previous year[8] - The total liabilities as of September 30, 2020, were CNY 38,553,051.53, slightly up from CNY 35,778,467.30 at the end of 2019, showing a growth of approximately 7.8%[41] - The company's equity attributable to shareholders reached CNY 687,823,401.37 as of September 30, 2020, compared to CNY 300,991,232.21 at the end of 2019, reflecting an increase of about 128.5%[42] Cash Flow - Net cash flow from operating activities decreased by 88.06% to CNY 2,034,976.81 compared to the same period last year[8] - Net cash flow from operating activities decreased by ¥18.49 million, a decline of 35.13%, mainly due to a decrease in cash received from sales of goods and services[19] - Net cash flow from investing activities decreased by ¥62.98 million, a decline of 41.39%, mainly due to increased cash paid for investments[19] - Net cash flow from financing activities increased by ¥345.47 million, a growth of 28,433.76%, primarily due to funds raised from the IPO[19] - The company raised a total of ¥379.4 million from the IPO, with a net amount of ¥344.00 million after deducting issuance costs[20] - The net cash flow from operating activities for Q3 2020 was ¥34,140,256.13, a decrease of 35% compared to ¥52,632,762.83 in Q3 2019[53] - The total cash inflow from investment activities was ¥40,857,928.46, down from ¥61,496,569.25 in the previous year, resulting in a net cash outflow of ¥48,307,628.04 for investment activities[54] - The company raised ¥351,142,000.00 from financing activities, leading to a net cash flow of ¥344,255,219.13 after accounting for cash outflows[54] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,559[12] - The largest shareholder, Zhou Guangrong, holds 43.00% of the shares, totaling 34,400,000 shares[12] Other Financial Metrics - Non-recurring gains and losses totaled CNY 1,791,978.79 for the year-to-date[9] - Cash and cash equivalents increased by ¥328.98 million, a growth of 303.99%, mainly due to funds raised from the IPO[17] - Accounts receivable increased by ¥22.12 million, a growth of 42.89%, primarily due to increased operating revenue[17] - Other receivables increased by ¥1.85 million, a growth of 240.10%, mainly due to an increase in export tax rebates[17] - Deferred tax assets increased by ¥0.32 million, a growth of 45.26%, primarily due to an increase in impairment provisions[17] - Operating costs for the third quarter of 2020 were CNY 44,291,359.11, compared to CNY 29,457,585.16 in the same quarter of 2019, representing an increase of approximately 50.3%[44] - Research and development expenses for the third quarter of 2020 were CNY 2,065,396.16, up from CNY 1,744,084.72 in the same period of 2019, indicating a growth of about 18.4%[44] - The company reported a financial expense of CNY 2,152,058.28 for the third quarter of 2020, compared to a financial income of CNY 1,616,133.18 in the same quarter of 2019, reflecting a significant change in financial performance[44] - The company experienced a credit impairment loss of ¥-1,172,448.62, compared to a gain of ¥559,079.13 in the previous period[49] - The total comprehensive income attributable to the parent company was ¥42,830,501.88, down from ¥45,670,963.49 in the previous period[50] Compliance and Standards - The company did not report any non-compliance with external guarantees or commitments during the reporting period[32][33] - The company did not undergo an audit for the Q3 2020 report, indicating that the figures presented are unaudited[56] - The company did not apply new revenue and leasing standards for the financial statements starting in 2020, as indicated in the report[55]