Financial Performance - The company's revenue for Q1 2021 was ¥68,096,792.21, representing a 37.60% increase compared to ¥49,487,269.54 in the same period last year[7] - Net profit attributable to shareholders was ¥8,647,424.95, up 34.30% from ¥6,438,875.06 year-over-year[7] - The net profit after deducting non-recurring gains and losses was ¥7,105,206.75, a 12.27% increase from ¥6,328,838.87 in the previous year[7] - Total operating revenue for the current period reached ¥68,096,792.21, a significant increase of 37.5% compared to ¥49,487,269.54 in the previous period[50] - Net profit for the current period was ¥8,647,424.95, representing a 34.4% increase from ¥6,438,875.06 in the previous period[52] - Operating profit increased to ¥10,182,824.94, up 30.6% from ¥7,793,747.01 in the last period[52] - Total comprehensive income for the current period was ¥8,647,424.95, an increase of 34.4% from ¥6,438,875.06 in the prior period[53] Assets and Liabilities - The company's total assets decreased by 5.61% to ¥973,628,141.12 from ¥1,031,533,557.27 at the end of the previous year[7] - The total current assets decreased to 770.20 million yuan from 868.87 million yuan at the end of 2020[43] - The total liabilities decreased from CNY 185,788,143.53 to CNY 104,075,805.02, a reduction of approximately 44%[48] - Current liabilities decreased significantly from CNY 183,827,693.54 to CNY 117,274,852.44, a reduction of about 36.2%[45] - The company's total equity increased from CNY 847,705,863.73 to CNY 856,353,288.68, showing a growth of approximately 1.5%[46] Cash Flow - The net cash flow from operating activities was negative at -¥53,611,726.53, a decline of 6.93% from -¥50,135,329.45 in the same period last year[7] - Operating cash inflow for the current period was CNY 84,445,851.39, up from CNY 39,374,046.69 in the previous period, representing a growth of approximately 114.5%[60] - Cash outflow from operating activities totaled CNY 138,057,577.92, compared to CNY 89,509,376.14 in the prior period, indicating an increase of about 54.2%[60] - Cash inflow from investment activities was CNY 256,081,534.25, with no inflows in the prior period[60] - Total cash outflow from investment activities reached CNY 407,663,439.82, significantly higher than CNY 4,617,595.20 in the previous period[60] - The ending cash and cash equivalents balance was CNY 78,583,286.37, a decrease from CNY 17,366,402.23 in the previous period[61] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,051[11] - The top 10 shareholders hold a total of 51,000,000 shares, with the largest shareholder, Qian Bingjiong, owning 10,053,230 shares, accounting for 14.78% of the total[12] - The second-largest shareholder, Cen Tengyun, holds 7,737,429 shares, representing 11.38% of the total[12] - The company maintains a stable shareholder structure with no significant changes in ownership percentages reported[12] Investment and R&D - Research and development expenses rose by 79.89% to CNY 7,333,802.53, indicating a focus on enhancing innovation capabilities[20] - The company plans to expand its production capacity by 1.3 million smart sensors through its fundraising projects, which are currently under implementation[26] - The company is increasing R&D investment and optimizing the raw material supply chain to mitigate risks associated with raw material price fluctuations[29] Risks and Challenges - The company is actively addressing risks related to technology and talent shortages in the competitive smart metering industry[25] - The company has a significant amount of accounts receivable, with approximately 90% being within one year, indicating good overall quality but increasing management pressure and risk of bad debts[27] - The average procurement price of key raw materials is relatively stable, but any significant price increases could lead to a decline in gross margin[28] - The inventory mainly consists of raw materials and goods in transit, with potential risks if goods are not installed and accepted in a timely manner[30] Fundraising and Utilization - The total amount of raised funds is ¥50,870.76 million, with ¥866.78 million invested in the current quarter[33] - Cumulative investment from raised funds amounts to ¥16,362.76 million, with a utilization rate of 33.00% for the annual production of 2 million smart sensors project[33] - The company reported a net fundraising amount of 508.71 million yuan from its initial public offering, with an oversubscription amount of 202.71 million yuan[34]

Financial Performance - Operating revenue for the period was ¥99,084,697.27, representing a 19.58% increase compared to the same period last year[8]. - Net profit attributable to shareholders was ¥16,267,322.54, up 3.11% year-over-year[8]. - The company reported a year-to-date net profit of ¥35,792,465.49, which is a 47.14% increase compared to the same period last year[8]. - Total operating revenue for Q3 2020 was CNY 99,084,697.27, an increase of 19.5% compared to CNY 82,861,547.81 in the same period last year[37]. - Net profit for Q3 2020 was CNY 10,997,766.10, reflecting a significant increase compared to CNY 7,408,376.97 in Q3 2019[38]. - The total comprehensive income for Q3 2020 was CNY 16,267,322.54, compared to CNY 15,777,268.38 in Q3 2019, showing a growth of 3.1%[40]. - The total revenue for the year-to-date period reached CNY 226,108,357.72, an increase of 24.5% from CNY 181,728,863.30 in the previous year[45]. - The net profit for Q3 2020 reached CNY 25,353,456.91, representing a growth of 3.9% from CNY 24,398,545.04 in Q3 2019[51]. Assets and Liabilities - Total assets reached ¥1,045,421,720.46, an increase of 147.79% compared to the end of the previous year[8]. - The company reported a total liability of CNY 231,752,622.53, up from CNY 137,421,726.18, an increase of 68.5%[32]. - As of September 30, 2020, the company's cash and cash equivalents increased by 636.54% to ¥581,279,712.07 compared to ¥78,920,016.87 at the end of 2019[16]. - The company's equity attributable to shareholders increased to CNY 813,669,097.93 from CNY 284,469,026.63, a growth of 186.5%[32]. - Long-term borrowings rose to CNY 47,594,770.68 from CNY 10,294,786.00, indicating a significant increase of 362.5%[34]. Cash Flow - Net cash flow from operating activities was ¥15,857,983.00, a significant increase of 196.30% compared to the same period last year[8]. - The net cash flow from investment activities decreased by 165.49% to -39,928,273.25 RMB compared to the previous period due to increased infrastructure investment[18]. - The net cash flow from financing activities increased by 6981.90% to 572,594,762.47 RMB, primarily due to funds raised from stock issuance[18]. - The cash flow from operating activities showed a net outflow of CNY -32,116,678.78, an improvement from CNY -38,759,403.58 in the same quarter last year[54]. - The company reported a total cash and cash equivalents balance of 377,437,442.01 CNY at the end of the period, up from 5,332,090.84 CNY in the previous period[58]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 24,612[12]. - The company did not engage in any repurchase transactions during the reporting period[13]. - The company's stock capital increased by 33.33% to ¥68,000,000.00 from ¥51,000,000.00[17]. Research and Development - Research and development expenses for Q3 2020 were CNY 4,963,165.48, compared to CNY 4,287,635.78 in Q3 2019, reflecting a growth of 15.7%[38]. - Research and development expenses for Q3 2020 amounted to CNY 11,450,623.43, up from CNY 9,950,353.12 in Q3 2019, reflecting a 15.1% increase[49]. Other Financial Metrics - Basic earnings per share were ¥0.32, reflecting a 3.23% increase year-over-year[8]. - The weighted average return on equity was 5.77%, an increase of 18.93% compared to the same period last year[8]. - Non-recurring gains and losses totaled ¥646,875.68 after tax adjustments[10]. - The company reported a credit impairment loss of ¥8,567,136.26, an increase of 65.53% compared to the previous period[17]. - The company recorded other income of CNY 7,012,809.22, up from CNY 5,601,088.52, representing a 25.1% increase[49].