Financial Performance - The company's revenue for Q1 2023 was ¥20,126,886.75, representing a 44.00% increase compared to ¥13,976,635.15 in the same period last year[4] - Net profit attributable to shareholders was ¥2,298,755.27, a significant turnaround from a loss of ¥1,141,030.59, marking a 301.46% increase[4] - Basic and diluted earnings per share increased to ¥0.0360 from -¥0.0179, reflecting a 301.12% improvement[4] - Operating profit improved to ¥1,874,624.47 from a loss of ¥1,750,777.40 in the previous period, indicating a turnaround in profitability[20] - Net profit for the current period was ¥2,295,857.42, compared to a net loss of ¥1,146,408.52 in the previous period, marking a substantial recovery[20] Cash Flow - The net cash flow from operating activities improved by 73.82%, reaching -¥1,269,278.51 compared to -¥4,848,648.49 in the previous year[12] - Cash flow from operating activities showed a net outflow of ¥1,269,278.51, an improvement from a net outflow of ¥4,848,648.49 in the previous period[22] - Cash flow from investing activities generated a net inflow of ¥21,271,684.07, contrasting with a net outflow of ¥169,073,853.89 in the previous period[22] - The net cash flow from investing activities was ¥21,271,684.07, a significant recovery from -¥169,073,853.89 in the previous year[12] Assets and Liabilities - Total assets decreased by 2.21% to ¥693,343,249.83 from ¥709,002,793.72 at the end of the previous year[4] - Total liabilities decreased from CNY 48,860,171.51 to CNY 30,338,218.57, indicating a reduction of approximately 37.9%[17] - The company's total assets as of March 31, 2023, amount to CNY 693,343,249.83, a decrease from CNY 709,002,793.72 at the beginning of the year[17] - The non-current liabilities decreased from CNY 6,720,312.95 to CNY 6,481,296.07, a reduction of about 3.6%[17] Shareholder Information - The total number of common shareholders at the end of the reporting period is 9,472[13] - The top 10 shareholders hold a combined 66.05% of the shares, with the largest shareholder, Ge Wenyue, holding 22.48%[13] Investment Income - The company reported a 40.45% increase in investment income, amounting to ¥2,511,146.27 compared to ¥1,787,877.95 last year[11] - The company recorded investment income of ¥2,511,146.27, up from ¥1,787,877.95 in the previous period, indicating a growth of about 40.5%[19] Other Financial Metrics - The weighted average return on equity was 0.35%, up from -0.18% in the previous year[4] - The fair value change income was ¥889,583.71, a 56.85% increase from ¥567,146.27 in the previous year[11] - The company experienced a 100.00% decrease in asset disposal income, with no income reported this period compared to ¥1,580,581.04 last year[11] - Total operating costs increased to ¥21,450,343.56 from ¥19,265,355.08, reflecting a rise of approximately 11.3%[19] - Other comprehensive income after tax for the current period was a loss of ¥1,736.41, compared to a gain of ¥7,419.05 in the previous period[20] Inventory and Receivables - The company's inventory decreased from CNY 43,159,175.28 to CNY 41,466,848.86, a decline of approximately 3.9%[16] - Accounts receivable rose to CNY 95,063,327.98 from CNY 90,496,108.49, an increase of approximately 5.8%[16] Retained Earnings and Equity - The total equity attributable to the parent company increased to CNY 663,010,075.52 from CNY 660,145,066.41, a slight increase of about 0.4%[18] - The retained earnings increased to CNY 183,239,812.21 from CNY 180,941,056.94, reflecting a growth of approximately 1.3%[18]

Financial Performance - The company's operating revenue for 2022 was ¥154,070,701.28, a decrease of 32.40% compared to ¥227,925,969.91 in 2021[19]. - The net profit attributable to shareholders for 2022 was ¥27,370,122.65, down 43.05% from ¥48,063,431.51 in 2021[19]. - The net profit after deducting non-recurring gains and losses was ¥16,608,656.00, a decline of 58.23% from ¥39,759,322.63 in 2021[19]. - The net cash flow from operating activities increased by 14.32% to ¥52,560,968.92 in 2022, compared to ¥45,976,975.90 in 2021[19]. - The total assets at the end of 2022 were ¥709,002,793.72, a slight decrease of 0.04% from ¥709,261,984.75 at the end of 2021[19]. - The company's basic earnings per share for 2022 was ¥0.4291, down 43.05% from ¥0.7535 in 2021[19]. - The weighted average return on equity for 2022 was 4.17%, a decrease of 3.42% from 7.59% in 2021[19]. - The company received government subsidies totaling ¥1,752,637.83 in 2022, down from ¥4,739,226.70 in 2021[25]. - The company achieved a net profit of RMB 27,370,122.65 for the year 2022, with the parent company reporting a net profit of RMB 28,904,293.83[131]. - The total distributable profit as of December 31, 2022, was RMB 180,941,056.94, after allocating 10% of the parent company's net profit to statutory surplus reserves[131]. Research and Development - The company’s R&D expenditure accounts for 12.05% of its revenue, with 28.09% of its employees engaged in research and development[36]. - The company has obtained 48 patents, enhancing its technological capabilities and industry recognition[37]. - The company is in the pilot stage for several R&D projects aimed at resource recovery from wastewater, which are expected to enhance future economic benefits[56]. - The company is focusing on developing new technologies for wastewater treatment and resource recovery, which aligns with national green development initiatives[58]. - The company plans to increase R&D investment to develop new technologies and expand existing customer business needs in new fields, adhering to a strategy of "deep cultivation vertically and horizontal expansion"[87]. - The company has allocated 200 million RMB for research and development in 2023, focusing on innovative separation technologies[157]. Market Expansion and Strategy - The company is focused on developing new technologies and expanding its market presence, although specific figures and timelines were not disclosed in the report[6]. - The company aims to support the construction of a resource-circulating industrial system, aligning with national environmental policies[31]. - The company aims to expand its market presence in Southeast Asia, South Asia, Africa, and Europe by leveraging local advantages and providing customized industrial fluid separation solutions[89]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2025[157]. - A strategic acquisition of a local competitor is anticipated to be completed by Q2 2023, which is expected to increase the company's market share by 5%[158]. - The company is considering strategic acquisitions to enhance its market position, with a budget of 500 million RMB allocated for potential deals[156]. Corporate Governance - The company emphasizes the importance of risk awareness regarding forward-looking statements and future plans, urging investors to understand the differences between plans, forecasts, and commitments[6]. - The company has established a complete independent business system with capabilities in R&D, procurement, production, and sales, ensuring operational independence[100]. - The board of directors consists of 9 members, including 3 independent directors, complying with legal and regulatory requirements[98]. - The company maintains a strict internal audit system, enhancing governance and ensuring the achievement of operational goals[99]. - The company has a fully independent financial accounting department, ensuring independent financial decision-making and compliance with tax obligations[101]. - The company has implemented a transparent information disclosure system, ensuring timely and accurate communication with investors[98]. Shareholder Relations and Dividends - The company plans to distribute a cash dividend of 2.30 RMB per 10 shares to all shareholders, based on a total of 63,783,466 shares[6]. - The company maintained a cash dividend payout ratio of 100% of the distributable profit for the year[129]. - The company has committed to maintaining a dividend payout ratio of 30% of net profits for the next three years[156]. - The company has established a mechanism to reclaim any illegal gains from shareholders who violate their commitments[154]. Financial Management and Compliance - The company has engaged Da Hua Certified Public Accountants for auditing services, ensuring compliance and transparency in financial reporting[18]. - The company has confirmed that the raised funds have been fully in place and verified by an accounting firm[79]. - The company has not engaged in any transactions that would compromise its independence from the controlling shareholder, ensuring asset and financial independence[102]. - The company has no significant guarantees during the reporting period, with a total guarantee amount of RMB 0[195]. - The company has no non-operating related party debts during the reporting period[184]. Employee and Management Structure - The total number of employees at the end of the reporting period was 89, with 38 in production, 8 in sales, 25 in technology, 8 in finance, and 10 in administration[125]. - The educational background of employees included 19 with master's degrees or above, 39 with bachelor's degrees, and 31 with diplomas or below[125]. - The company has a clear succession plan in place for its senior management roles[108]. - The company has a diverse board with members holding various academic and professional positions, including professors and independent directors[114]. Risk Management - The company has outlined potential risks and corresponding mitigation strategies in its management discussion and analysis section[6]. - The company recognizes the risk of exchange rate fluctuations, particularly with USD and EUR, which could impact profitability and procurement costs[91]. - The company is addressing the risk of increasing accounts receivable due to business expansion by managing customer credit ratings and enhancing collection efforts[93].

Financial Performance - The company's revenue for Q3 2022 was ¥32,327,212.77, a decrease of 13.59% compared to the same period last year, and a year-to-date revenue of ¥88,543,433.04, down 39.08%[4] - Net profit attributable to shareholders for Q3 2022 was ¥3,256,702.81, down 61.48% year-on-year, with a year-to-date net profit of ¥13,863,748.00, a decrease of 52.19%[4] - The basic earnings per share for Q3 2022 was ¥0.0511, reflecting a decline of 61.46% compared to the same period last year[4] - Total operating revenue for Q3 2022 was ¥88,543,433.04, a decrease of 39.1% compared to ¥145,338,741.09 in the same period last year[23] - Net profit for Q3 2022 was ¥13,795,789.52, a decline of 52.5% from ¥29,032,413.96 in Q3 2021[24] - Earnings per share for Q3 2022 were ¥0.2174, compared to ¥0.4546 in the same quarter last year, reflecting a 52.1% decrease[24] Assets and Liabilities - The company's total assets at the end of Q3 2022 were ¥709,870,834.53, showing a slight increase of 0.09% from the end of the previous year[4] - Total assets as of the end of Q3 2022 amounted to ¥709,870,834.53, slightly up from ¥709,261,984.75 at the end of the previous quarter[22] - Total liabilities increased to ¥61,502,721.25 from ¥57,817,632.52, marking an increase of 11.7%[22] - The company's equity attributable to shareholders was ¥648,376,597.63, down from ¥651,388,519.08, a decrease of 0.5%[22] Cash Flow - Cash flow from operating activities for the year-to-date period was ¥45,547,601.34, an increase of 50.56% compared to the same period last year[12] - The net cash flow from operating activities for the period was ¥45,547,601.34, an increase of 50.7% compared to ¥30,252,669.77 in the previous period[26] - Cash inflow from investment activities totaled ¥688,980,516.88, significantly higher than ¥350,693,414.92 in the prior period[26] - The net cash flow from investment activities was -¥21,840,232.82, an improvement from -¥187,177,206.97 in the previous period[26] - Cash outflow from financing activities was ¥33,174,972.31, down from ¥60,289,500.08 in the prior period[27] - The ending balance of cash and cash equivalents was ¥300,528,617.66, compared to ¥201,136,578.87 at the end of the previous period[27] - The company received cash from investment recovery amounting to ¥683,178,000.00, which was not present in the previous period[26] - The net increase in cash and cash equivalents for the period was -¥5,994,747.73, compared to -¥189,693,965.56 in the previous period[27] Inventory and Investments - The company's inventory increased by 30.99% to ¥43,082,138.83, primarily due to increased production costs of unfinished projects[11] - The inventory as of September 30, 2022, is ¥43.08 million, an increase from ¥32.89 million at the beginning of the year[20] - The long-term equity investment decreased from ¥15.11 million to ¥13.83 million[20] - Investment income for the year-to-date period increased by 98.18% to ¥5,784,455.28, mainly due to higher returns from structured deposits[12] - The company reported an investment income of ¥5,784,455.28, significantly higher than ¥2,918,821.04 in the same period last year[23] Shareholder Information - The total number of common shareholders at the end of the reporting period is 9,655[15] - The largest shareholder, Ge Wenyue, holds 22.48% of the shares, amounting to 14,339,200 shares[16] - The company has identified its actual controllers as six natural person shareholders, including Ge Wenyue and Shao Wei[16] Research and Development - Research and development expenses for Q3 2022 were ¥12,709,790.83, up 17.6% from ¥10,811,395.59 in the previous year[23] Government Subsidies - The company received government subsidies amounting to ¥231,300.63 in Q3 2022, totaling ¥1,656,670.37 for the year-to-date period[7] Other Comprehensive Income - Other comprehensive income after tax for Q3 2022 was ¥88,792.85, compared to a loss of ¥162,128.18 in the previous year[24]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥56,216,220.27, a decrease of 47.91% compared to ¥107,925,923.15 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2022 was ¥10,607,045.19, down 48.37% from ¥20,543,510.48 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was ¥2,522,855.31, reflecting an 87.14% decline from ¥19,611,379.76 in the same period last year[19]. - The net cash flow from operating activities was ¥30,381,616.41, a decrease of 8.23% compared to ¥33,106,430.82 in the previous year[19]. - Basic earnings per share for the first half of 2022 were ¥0.1663, down 48.37% from ¥0.3221 in the same period last year[19]. - Total assets at the end of the reporting period were ¥686,514,696.87, a decrease of 3.21% from ¥709,261,984.75 at the end of the previous year[19]. - The net assets attributable to shareholders at the end of the reporting period were ¥643,695,806.40, down 1.18% from ¥651,388,519.08 at the end of the previous year[19]. - The weighted average return on net assets was 1.62%, a decrease of 1.66% from 3.28% in the previous year[19]. Research and Development - The company has developed multiple core technologies and obtained 48 patents, demonstrating strong technical research and development capabilities[38]. - The company’s R&D expenditure accounts for 14.64% of its revenue, with R&D personnel making up 28.57% of total employees, indicating a strong commitment to innovation[41]. - Research and development investment increased by 15.52% to ¥8,231,377.72 from ¥7,125,408.50, indicating a commitment to innovation despite revenue declines[48]. - The company is focusing on technological innovation and has allocated 35 million for R&D in the current fiscal year[174]. Business Strategy and Market Position - The company specializes in membrane separation technology, focusing on customized solutions for industrial fluid separation and wastewater treatment[27]. - The company aims to enhance resource recycling efficiency and reduce production costs through its membrane separation solutions, contributing to cleaner production and green industry transformation[32]. - The company’s technology allows for a recovery rate of over 95% for waste alkali in the chemical fiber industry, translating to approximately 400,000 tons of net alkali recovered annually[33]. - The company’s membrane separation technology is positioned to benefit from the growing market for industrial wastewater treatment and resource recovery, driven by increasing environmental regulations[30]. - The company plans to expand its market presence and invest in new product development to drive future growth[174]. - The company is exploring potential mergers and acquisitions to enhance its competitive position in the market[174]. Financial Management - The company’s cash and cash equivalents decreased to ¥269,419,320.49, accounting for 39.24% of total assets, down from 43.30% at the end of the previous year[54]. - The proportion of trade receivables decreased to 15.12% of total assets, down from 17.03%, indicating improved cash management[54]. - The company reported a significant increase in other income, which rose by 4,424.72% to ¥1,396,150.18, mainly due to government subsidies received during the period[48]. - The company’s total financial liabilities were not detailed in the provided documents, indicating a focus on asset management[63]. - The company is focusing on enhancing its equity structure and optimizing its capital allocation to support future growth initiatives[172]. Operational Risks and Challenges - The company faces operational risks due to the ongoing COVID-19 pandemic, which may impact marketing, procurement, logistics, and overall operational efficiency[75]. - The company is exposed to macroeconomic and exchange rate fluctuation risks, particularly as its export revenue is primarily settled in USD, which may affect profitability[76]. - Increased market competition in the environmental protection sector necessitates continuous R&D investment and expansion into new business areas to sustain competitive advantages[78]. - The company is managing accounts receivable risks by evaluating client creditworthiness and implementing measures to mitigate potential bad debt risks[79]. Corporate Governance and Compliance - The company is committed to transparency in its financial reporting and compliance with regulatory requirements[65]. - The company has maintained compliance with relevant laws and regulations, ensuring the protection of shareholder and creditor rights[98]. - The company has not reported any significant litigation or arbitration matters during the reporting period[111]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[106]. Shareholder Information - The total number of shares is 63,783,466, with 50.12% being restricted shares and 49.88% being unrestricted shares[137]. - The largest shareholder, Ge Wenyue, holds 22.48% of the shares, amounting to 14,339,200 shares[139]. - The company will not distribute cash dividends or issue bonus shares for the half-year period[88]. - The company distributed dividends totaling CNY 21,048,543.70 during the period, which reflects a commitment to returning value to shareholders[173]. Environmental and Social Responsibility - The company’s business is supported by national policies aimed at reducing energy consumption and pollutant emissions, with specific targets set for 2025[28]. - The company’s downstream clients are primarily in industries such as pulp, chemical fiber, biopharmaceuticals, and petrochemicals[33]. - The company’s wastewater treatment solutions enable near-zero emissions, contributing to environmental sustainability and cost savings for clients[2]. - The membrane separation industry is experiencing rapid growth due to increasing environmental protection awareness and regulatory support, positioning the company favorably in the market[102].

Revenue and Profit - The company's revenue for Q1 2022 was ¥13,976,635.15, a decrease of 45.15% compared to ¥25,482,640.84 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥1,141,030.59, an improvement of 46.32% from a loss of ¥2,125,480.97 in the previous year[4] - The company reported a net loss for the quarter, with operating costs exceeding revenues significantly[23] - Operating revenue from sales of goods and services was 33,500,574.69 CNY, compared to 44,451,704.17 CNY in the previous period, indicating a decline of about 24.6%[27] - The total comprehensive income for Q1 2022 was -1,138,989.47 CNY, compared to -2,177,340.12 CNY in Q1 2021, reflecting a year-over-year improvement of approximately 47.8%[25] Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥4,848,648.49, a decline of 191.27% compared to a positive cash flow of ¥5,312,510.53 in the same period last year[4] - Cash and cash equivalents at the end of Q1 2022 were CNY 129,300,270.06, a decrease of 57.8% from CNY 307,136,265.39 at the beginning of the year[19] - The cash flow from financing activities was negative at ¥7,498,976.33, a significant increase of 368.99% compared to the previous year, mainly due to increased payments for bill guarantees and loan repayments[13] - The cash and cash equivalents at the end of the period were 124,946,756.25 CNY, down from 195,641,312.29 CNY at the end of the previous year, a decrease of approximately 36.2%[29] Assets and Liabilities - The total assets at the end of the reporting period were ¥699,446,300.01, a decrease of 1.38% from ¥709,261,984.75 at the end of the previous year[4] - Total liabilities decreased to CNY 47,793,336.43 from CNY 57,817,632.52, reflecting a reduction of 17.5%[21] - The company's total equity as of March 31, 2022, was CNY 651,652,963.58, slightly up from CNY 651,444,352.23 at the beginning of the year[21] - Accounts receivable decreased to CNY 109,285,501.68 from CNY 120,765,312.13, a decline of 9.8%[19] - Inventory increased to CNY 34,562,348.20 from CNY 32,889,687.98, an increase of 5.1%[19] Expenses and Investments - Management expenses increased by 62.37% to ¥4,915,035.38, primarily due to increased share-based payments and intermediary service fees[11] - The company recorded a substantial increase in investment income, which rose by 71,934.64% to ¥1,787,877.95, attributed to cash management activities[11] - The company reported a significant increase in investment income of 1,787,877.95 CNY, compared to a loss of -2,488.88 CNY in the previous year[24] - Research and development expenses increased to 3,820,327.45 CNY from 3,468,427.28 CNY, marking a rise of about 10.1% year-over-year[24] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 10,364, with the largest shareholder holding 22.48% of the shares[15] - The basic and diluted earnings per share were both -0.0179 CNY, an improvement from -0.0333 CNY in the same period last year[25] Asset Management - The company experienced a 100% increase in asset disposal income, amounting to ¥1,580,581.04, due to asset disposals during the reporting period[11] - Investment activities resulted in a net cash outflow of -169,073,853.89 CNY, compared to -199,151,497.01 CNY in the previous year, showing a slight improvement[29]

Financial Performance - The company's operating revenue for 2021 was CNY 227,925,969.91, representing a 20.42% increase compared to CNY 189,276,783.70 in 2020[19]. - The net profit attributable to shareholders for 2021 was CNY 48,063,431.51, a 9.54% increase from CNY 43,876,177.33 in 2020[19]. - The net cash flow from operating activities surged to CNY 45,976,975.90, a significant increase of 7,102.34% compared to CNY 638,362.05 in 2020[19]. - The basic earnings per share for 2021 was CNY 0.7535, down 11.01% from CNY 0.8467 in 2020[19]. - The total assets at the end of 2021 amounted to CNY 709,261,984.75, reflecting a 2.83% increase from CNY 689,775,637.15 at the end of 2020[19]. - The company achieved a revenue of 228 million yuan in 2021, representing a year-on-year growth of 20.42%[47]. - The gross profit margin was 37.33%, a decrease of 0.75% compared to the previous year[47]. - The net profit attributable to shareholders was 48.06 million yuan, an increase of 9.54% year-on-year[47]. - The total assets at the end of the reporting period were 709.26 million yuan, up 2.83% from the end of the previous year[47]. Market and Industry Outlook - The membrane separation technology industry in China is expected to grow at an average annual rate of 20%, with a target market value of CNY 2,500 billion to CNY 3,000 billion by the end of the 13th Five-Year Plan[29]. - The total market value of China's membrane industry is projected to exceed CNY 3,600 billion by 2022, indicating robust growth potential[29]. - The government has set a target for industrial water reuse rate to reach approximately 94% by 2025, with specific increases in high-water-consuming industries like steel and petrochemicals[35]. - By 2025, the total capacity for seawater desalination in China is expected to exceed 2.9 million tons per day, with a significant portion of this growth driven by coastal cities[34]. - The company is one of the few in China providing comprehensive membrane separation technology solutions in the industrial fluid sector, significantly contributing to environmental protection and economic value[37]. Research and Development - The company’s R&D expenditure accounted for 7.41% of its operating income, with R&D personnel making up 29.79% of total employees[43]. - The company has obtained 48 patent certificates, reflecting its continuous investment in technology and innovation[43]. - R&D investment reached ¥16,881,969.98, a 45.53% increase from the previous year, constituting 7.41% of operating revenue[53]. - The company has completed the research on membrane combination technology for industrial waste salt recovery, aiming to provide a more economically viable solution for high-salinity wastewater treatment, which is expected to significantly enhance economic benefits and alleviate environmental pressures[60]. - The company is focusing on the green production of antibiotics, optimizing the extraction and purification processes to reduce production costs and carbon emissions, thereby enhancing competitiveness[61]. Corporate Governance - The company has established a robust corporate governance structure, ensuring compliance with relevant laws and regulations, and maintaining independence from its controlling shareholders[113]. - The board of directors consists of 9 members, including 3 independent directors, ensuring a balanced and compliant governance framework[114]. - The company has implemented a comprehensive information disclosure system to ensure timely and accurate communication with investors, enhancing transparency[115]. - The company maintains an independent operational structure, with distinct R&D, procurement, production, and sales systems, ensuring autonomy in business operations[117]. - The company has established a complete and independent financial accounting department, ensuring independent financial decision-making and tax compliance[118]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements made in the report[5]. - The company acknowledges the risk of increased competition in the membrane separation industry, necessitating ongoing investment in technology and new business areas[105]. - The company is implementing measures to manage accounts receivable risks, including evaluating customer credit ratings and enhancing collection efforts[107]. - The company faces risks related to fluctuations in gross margin due to customized pricing models and increasing overseas import-export activities, which may be affected by exchange rate volatility[108]. - The company emphasizes the importance of retaining technical talent, as the loss of skilled personnel could significantly impact its sustainable development; strategies include improving employee benefits and enhancing recruitment efforts[109]. Shareholder Relations and Dividends - The company reported a cash dividend of 3.30 RMB per 10 shares for a total of 63,783,466 shares, with no bonus shares issued[5]. - The total distributable profit for the company as of December 31, 2021, was 177,509,907.45 yuan, which is the basis for the profit distribution plan[151]. - The company proposed a cash dividend of 3.30 yuan per 10 shares (including tax), amounting to a total cash dividend of 21,048,543.78 yuan, representing 100% of the total distributable profit[148][151]. - The company’s cash dividend distribution accounted for 100% of the total distributable profit, indicating a strong commitment to returning value to shareholders[148]. - The company has committed to ensuring that there are no fraudulent activities in the public offering of shares, with a promise to buy back shares if any fraudulent issuance is confirmed by regulatory authorities[182]. Financial Management - The company raised a total of RMB 38,965.85 million through its public offering, with a net amount of RMB 35,292.19 million after deducting issuance costs of RMB 3,673.66 million[79]. - The company has a cash management strategy that includes RMB 10,800 million in bank financial products that have not yet matured[79]. - The company reported a net decrease in cash and cash equivalents of ¥84,307,179.04, a decline of 123.96% compared to an increase of ¥351,929,114.42 in 2020[65]. - The company’s long-term equity investments reached ¥15,109,226.47, representing 2.13% of total assets, a new addition for the year[70]. - The company’s cash balance in the special account for raised funds is RMB 16,803.77 million, including net interest income of RMB 403.26 million[79]. Employee and Talent Development - The company emphasizes the importance of talent development, establishing a comprehensive training system and optimizing the talent structure to enhance operational efficiency[99]. - The total number of employees at the end of the reporting period was 94, with 69 in the parent company and 25 in major subsidiaries[144]. - The professional composition includes 39 production personnel, 9 sales personnel, 28 technical personnel, 9 financial personnel, and 9 administrative personnel[145]. - The educational background of employees shows 17 with master's degrees or above, 46 with bachelor's degrees, and 31 with associate degrees or below[145]. - The company has implemented employee incentive policies to create a healthy and harmonious work environment[167].

Financial Performance - The company's revenue for Q3 2021 was ¥37,412,817.94, a decrease of 25.16% compared to the same period last year[4] - Net profit attributable to shareholders was ¥8,455,530.19, down 2.53% year-on-year, while the net profit excluding non-recurring items was ¥5,002,270.74, a decline of 43.02%[4] - Total operating revenue for Q3 2021 was CNY 145,338,741.09, a slight decrease of 0.21% compared to CNY 145,639,558.52 in Q3 2020[20] - Net profit for Q3 2021 was CNY 29,032,413.96, down 16.6% from CNY 34,832,913.48 in Q3 2020[22] - Earnings per share (EPS) for Q3 2021 was CNY 0.4546, compared to CNY 0.7276 in the same period last year[22] - The company reported a decrease in comprehensive income to CNY 28,870,285.78 from CNY 34,631,300.57 in the previous year[22] Cash Flow - The operating cash flow for the year-to-date period reached ¥30,252,669.77, representing a significant increase of 1169.08%[13] - The net cash flow from operating activities for Q3 2021 was ¥30,252,669.77, a significant increase from ¥2,383,826.98 in the same period last year, representing a growth of approximately 1,168%[25] - Total cash inflow from investment activities was ¥350,693,414.92, compared to ¥5,098,589.04 in the previous year, indicating a substantial increase[26] - The net cash flow from financing activities was -¥32,557,961.33, a decrease from ¥366,817,347.08 in the prior year, reflecting a negative shift in financing[26] - The total operating cash inflow for Q3 2021 was ¥146,939,291.95, compared to ¥103,645,889.32 in the same period last year, marking an increase of approximately 42%[25] Assets and Liabilities - Total assets as of September 30, 2021, amounted to ¥717,845,699.52, reflecting a 4.07% increase from the end of the previous year[4] - Total liabilities as of September 30, 2021, were CNY 85,513,584.29, an increase from CNY 70,597,288.49 at the end of 2020[19] - The total assets as of September 30, 2021, were CNY 717,845,699.52, compared to CNY 689,775,637.15 at the end of 2020, indicating an increase of approximately 4.1%[18] - Total liabilities increased by 3,411,119.45 to 74,008,407.94 as of January 1, 2021[30] - Non-current liabilities rose by 3,557,729.17 to 16,175,829.05 due to the new leasing standards[30] Shareholder Information - The company reported a total of 9,475 common shareholders at the end of the reporting period[16] - The top shareholder, Ge Wenyue, holds 22.48% of the shares, amounting to 14,339,200 shares[16] Research and Development - Research and development expenses increased by 43.17% year-on-year, totaling ¥10,811,395.59, indicating a focus on innovation[11] - Research and development expenses for Q3 2021 were CNY 10,811,395.59, an increase of 43.1% from CNY 7,551,618.75 in Q3 2020[20] Inventory and Investments - The company's inventory increased significantly to CNY 65,450,009.53 from CNY 31,170,803.99, marking a rise of about 109.8%[17] - The company experienced a 202.60% increase in investment income, amounting to ¥2,918,821.04, attributed to higher returns from financial investments[11] - The cash outflow for investment activities totaled ¥537,870,621.89, compared to ¥7,319,045.48 in the previous year, indicating a major increase in investment expenditures[26] - The company reported a cash inflow of ¥348,000,000.00 from other investment activities, which was not present in the previous year[25] Financial Adjustments - The company adjusted its financial statements due to the first-time implementation of new leasing standards, affecting the balance sheet items[27] - The company adjusted its financials to comply with new leasing standards, impacting the reported figures for right-of-use assets and lease liabilities[31] Employee Expenses - The company paid ¥25,497,945.72 to employees, which is an increase from ¥20,909,281.22 in the previous year, reflecting a rise of about 22% in employee-related expenses[25] Capital and Equity - Total equity attributable to shareholders of the parent company rose to CNY 632,225,166.27, compared to CNY 619,102,373.49 at the end of 2020[19] - The company has maintained a stable capital reserve of CNY 383,713,649.42 since the end of 2020[19] - The company maintained a capital reserve of 383,713,649.42, indicating strong retained earnings[30] - The company’s undistributed profits stood at 149,840,808.06, reflecting its profitability[30] - The report indicates that the company has not made any significant changes in its equity structure during the period[31]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥107,925,923.15, representing a 12.84% increase compared to ¥95,647,466.58 in the same period last year[21]. - The net profit attributable to shareholders of the listed company decreased by 21.37% to ¥20,543,510.48 from ¥26,126,430.57 in the previous year[21]. - Basic earnings per share dropped by 41.03% to ¥0.3221 from ¥0.5462 in the previous year[21]. - The company's weighted average return on equity decreased to 3.28% from 11.09% in the previous year, a decline of 7.81%[21]. - The company achieved operating revenue of 108 million yuan, an increase of 12.84% compared to the same period last year[42]. - Net profit attributable to shareholders was 20.54 million yuan, a decrease of 21.37% year-on-year[42]. - The total comprehensive income for the first half of 2021 was CNY 20,438,524.65, compared to CNY 26,036,041.42 in the same period of 2020, showing a decrease of around 21.5%[153]. - The total profit for the first half of 2021 was CNY 23,309,470.19, compared to CNY 30,090,400.42 in the same period of 2020, representing a decrease of about 22.5%[155]. Cash Flow and Investments - The net cash flow from operating activities improved significantly, reaching ¥33,106,430.82, compared to a negative cash flow of ¥19,959,081.86 in the same period last year, marking a 265.87% increase[21]. - The company's cash and cash equivalents decreased by 1,172.21% to -¥195,862,017.46, largely due to investments in financial products[54]. - The total investment during the reporting period was ¥359,413,247.33, reflecting a staggering increase of 6,278.07% compared to the previous year[65]. - The company reported a total cash inflow from investment activities of ¥161,009,508.43, with a substantial cash outflow of ¥359,413,247.33, leading to a net cash outflow of ¥198,403,738.90[161]. - The company reported a credit impairment loss of CNY -1,255,173.11 in the first half of 2021, an improvement from CNY -1,567,250.34 in the same period of 2020[155]. Assets and Liabilities - Total assets increased by 5.81% to ¥729,835,216.72 from ¥689,775,637.15 at the end of the previous year[21]. - The total liabilities increased to CNY 104,073,603.94 in the first half of 2021 from CNY 64,292,667.22 in the same period last year, marking a significant rise of 62%[149]. - The company's total assets as of June 30, 2021, amounted to CNY 735,378,629.03, compared to CNY 689,642,994.13 at the end of 2020, representing a growth of 6.6%[148]. - The total equity attributable to shareholders increased to CNY 631,305,025.09 from CNY 625,350,326.91, a marginal increase of 0.3%[149]. Research and Development - Research and development investment rose significantly by 59.96% to ¥7,125,408.50 from ¥4,454,609.37, indicating a strong commitment to innovation[54]. - R&D personnel account for 31.11% of the total workforce, emphasizing the importance of talent cultivation in R&D efforts[43]. - The company specializes in membrane separation technology research and development, providing comprehensive solutions for industrial clients to optimize processes and reduce emissions[177]. - The company is focused on research and development of new technologies to improve its competitive edge in the market[176]. Market and Strategic Plans - The company plans not to distribute cash dividends or issue bonus shares[5]. - The report includes a detailed discussion of the company's future plans and strategies, although these do not constitute a commitment to investors[4]. - The company aims to improve operational efficiency through strategic mergers and acquisitions in the upcoming quarters[166]. - The company plans to enhance its market expansion strategies, focusing on new product development and technological advancements[166]. Operational Risks and Challenges - The company faces operational risks due to the COVID-19 pandemic, affecting project timelines and increasing uncertainty[85]. - The company is exposed to exchange rate fluctuation risks, particularly with USD and EUR, which may impact profitability and procurement costs[86]. - Accounts receivable risks may increase as the company expands its customer base, necessitating strict credit management[86]. Compliance and Governance - The company has adhered to legal requirements for information disclosure, ensuring timely and accurate communication with investors[99]. - The financial statements were approved by the board of directors on August 25, 2021, ensuring compliance with accounting standards[178]. - The company has assessed its ability to continue as a going concern for the next 12 months and found no significant doubts regarding its sustainability[182]. Environmental and Social Responsibility - The company has obtained ISO 14001 certification for its environmental management system, ensuring compliance with international standards[97]. - The company emphasizes its values of "professionalism, innovation, integrity, and win-win" to enhance employee skills and innovation capabilities[99]. - The company has organized employee vaccination efforts in response to national calls for COVID-19 prevention[99].

Financial Performance - The company's operating revenue for Q1 2021 was ¥25,482,640.84, representing an increase of 885.36% compared to ¥2,586,115.83 in the same period last year[7]. - The net profit attributable to shareholders was -¥2,125,480.97, a 72.86% improvement from -¥7,830,698.99 year-over-year[7]. - The basic earnings per share improved to -¥0.0333, up 79.66% from -¥0.1637 in the same quarter last year[7]. - The company achieved operating revenue of CNY 25,482,640.84, an increase of 885.36% compared to the same period last year[20]. - The net profit attributable to shareholders was CNY -2,125,480.97, an increase of 72.86% year-on-year[20]. - The company reported a net loss of CNY 832,000.35 due to credit impairment losses, compared to a loss of CNY 2,152,569.01 in the previous year[48]. - The total comprehensive income for the first quarter was a loss of CNY 2,177,340.12, compared to a loss of CNY 8,100,587.61 in the previous year, indicating a significant improvement[50]. Cash Flow - The net cash flow from operating activities was ¥5,312,510.53, a significant increase of 124.62% compared to -¥21,579,419.54 in the previous year[7]. - Cash received from sales of goods and services was CNY 44,451,704.17, up 216.90% from the previous year[19]. - The total cash inflow from operating activities was ¥45,364,822.93, while cash outflow was ¥41,556,966.14, leading to a positive cash flow from operations[58]. - The company reported cash inflows from operating activities of CNY 44,451,704.17, a substantial increase from CNY 14,027,149.31 in the previous period[55]. - Total cash inflow from investment activities was ¥30,055,767.12, while cash outflow was ¥229,177,534.89, resulting in a net cash flow from investment activities of -¥199,121,767.77[60]. Assets and Liabilities - Total assets at the end of the reporting period were ¥719,019,387.87, reflecting a 4.24% increase from ¥689,775,637.15 at the end of the previous year[7]. - The company's total assets as of March 31, 2021, were CNY 722,427,523.28, an increase from CNY 689,642,994.13 at the end of 2020[44]. - Total liabilities increased to CNY 98,528,197.63 in Q1 2021 from CNY 64,292,667.22 in the previous year[45]. - The total equity attributable to shareholders was CNY 623,899,325.65, down from CNY 625,350,326.91 year-over-year[45]. - The company's cash and cash equivalents decreased from CNY 399,468,150.33 to CNY 208,579,310.18 during the same period[38]. Shareholder Information - The company reported a total of 13,746 common shareholders at the end of the reporting period[11]. - The top shareholder, Ge Wenyue, holds 22.48% of the shares, amounting to 14,339,200 shares[11]. Research and Development - Research and development expenses rose to CNY 3,468,427.28, a 68.87% increase due to higher R&D investment[18]. - The company plans to enhance its R&D capabilities to maintain a competitive edge and mitigate risks associated with margin fluctuations[25]. - The company has committed to invest CNY 20,000 million in R&D and technology services, with a progress rate of 2.13% as of October 31[29]. Risks and Challenges - The company faces risks related to accounts receivable collection and foreign exchange fluctuations, which could impact future profitability[24][25]. Investment Activities - The company incurred cash payments of ¥228,000,000.00 related to investment activities, indicating significant investment outflows[60]. - The company has raised a total of CNY 38,965.85 million from its public offering, with a net amount of CNY 35,292.19 million after deducting issuance costs[30].

Financial Performance - The company's operating revenue for 2020 was ¥189,276,783.70, a decrease of 27.41% compared to ¥260,760,390.08 in 2019[14]. - The net profit attributable to shareholders for 2020 was ¥43,876,177.33, down 25.25% from ¥58,698,083.93 in 2019[14]. - The net cash flow from operating activities was ¥638,362.05, a significant decline of 98.05% compared to ¥32,796,011.15 in 2019[14]. - The total assets at the end of 2020 increased by 125.67% to ¥689,775,637.15 from ¥305,661,760.57 at the end of 2019[14]. - The net assets attributable to shareholders rose by 178.19% to ¥619,102,373.49 at the end of 2020 from ¥222,548,893.01 at the end of 2019[14]. - The basic earnings per share for 2020 was ¥0.8467, a decrease of 31.00% from ¥1.2271 in 2019[14]. - The company achieved a net profit attributable to shareholders of 43,876,177.33 CNY for the year 2020, with the parent company net profit at 43,543,499.62 CNY[114]. - The gross profit margin was 38.08%, an increase of 1.8 percentage points year-on-year[48]. - The gross margin for 2020 was reported at 40%, with expectations to improve to 45% in 2021 due to cost optimization strategies[124]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements in the report[4]. - The report includes a detailed discussion of potential risks and countermeasures in the section on future development outlook[4]. - The company faces risks related to exchange rate fluctuations, particularly as a significant portion of its export revenue is settled in USD[101]. - The company aims to mitigate accounts receivable collection risks by managing customer credit ratings and implementing targeted measures[102]. - The company recognizes the potential impact of the COVID-19 pandemic on project execution timelines and is prepared to adjust its operational strategies accordingly[98]. Governance and Compliance - The financial report is guaranteed to be true, accurate, and complete by the company's management team[3]. - The report outlines the company's commitment to transparency and accountability in its financial disclosures[3]. - The company has established a comprehensive governance structure to oversee its operations and financial reporting[10]. - The company has committed to transparency in its financial reporting and will take corrective actions if any misleading information is identified[142]. - The company has established a framework to ensure compliance with relevant laws and regulations to protect public interests[141]. Research and Development - The company focuses on customized membrane separation technology solutions for industrial fluid processing and wastewater treatment[22]. - Research and development expenses accounted for 6.13% of the company's revenue, indicating a strong commitment to innovation[40]. - The company has obtained a total of 45 patents, including 15 invention patents and 30 utility model patents, showcasing its technological advancements[41]. - The company is committed to maintaining a high level of R&D investment to optimize industrial fluid separation solutions for existing clients and expand membrane technology applications[104]. - The company is investing 100 million RMB in R&D for new technologies aimed at enhancing product efficiency[124]. Market and Industry Outlook - The membrane separation industry in China is projected to reach a total output value of 3,630 billion yuan by 2024, growing from 849 billion yuan in 2015[37]. - The rapid development of the membrane separation technology is expected to create significant market opportunities due to increasing industrial water treatment demands and stricter wastewater discharge regulations[87]. - The government is increasing policy support for the environmental protection industry, which is expected to further promote the rapid development of the membrane separation industry[88]. - The textile dyeing industry is a significant focus, with policies encouraging the adoption of clean production technologies, indicating a large market potential for membrane separation technology[91]. Shareholder and Investor Relations - The company reported a profit distribution plan of 3 RMB per 10 shares (including tax) for a total of 63,783,466 shares[4]. - The company distributed a cash dividend of CNY 19,135,039.80, which represents 100% of the total distributable profit of CNY 149,840,808.06[112]. - The company has committed to protecting investor interests and minimizing losses due to unforeseen circumstances[137]. - The controlling shareholders committed to repurchase shares in case of fraudulent issuance, ensuring no fraudulent activities occurred during the public offering[139]. - The company actively engages with investors through various communication platforms to maintain their rights and interests[175]. Financial Position and Capital Management - The company raised a total of RMB 38,965.85 million through a public offering, with a net amount of RMB 35,292.19 million after deducting issuance costs of RMB 3,673.66 million[78]. - The total cash and cash equivalents increased by 4,069.36% to ¥351,929,114.42 due to significant fundraising activities[67]. - The company has a remaining balance of RMB 27,879.73 million in raised funds, including interest income of RMB 139.52 million[79]. - The company plans to maintain a high level of R&D investment for new processes and equipment, fostering innovation through a reward mechanism for technical staff[94]. - The company plans to implement measures to stabilize its stock price if the closing price remains below the latest audited net asset value for 20 consecutive trading days within three years of listing[129]. Operational Efficiency - The company reduced its sales expenses by 6.06% to ¥5,790,800.81 compared to the previous year[62]. - The inventory decreased by 9.92% to ¥31,170,803.99, attributed to improved inventory management[72]. - The company aims to reduce operational costs by 10% through efficiency improvements in the supply chain[124]. - The company is committed to optimizing management systems and enhancing capabilities in strategic, financial, risk, and talent management for sustainable development[96]. Corporate Social Responsibility - The company donated 100,000 RMB to the Shanghai Red Cross Society for humanitarian aid in response to the COVID-19 pandemic[175]. - The company is committed to sustainability initiatives, with a target to reduce carbon emissions by 30% by 2025[124]. - The company does not belong to the key pollutant discharge units as identified by environmental protection authorities[177].