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].

Financial Performance - Net profit attributable to shareholders reached ¥8,674,866.29, up 111.73% year-on-year[9] - Operating income for the period was ¥49,992,091.94, representing a 55.53% increase compared to the same period last year[9] - The net profit for the year-to-date period was ¥34,801,296.86, a decrease of 5.78% compared to the same period last year[9] - The company reported a net profit of CNY 151,236,567.34 for the period, up from CNY 116,891,385.50 in the previous year[37] - The net profit for Q3 2020 was ¥34,832,913.48, down 5.8% from ¥36,966,524.23 in Q3 2019[54] - The total profit for Q3 2020 was ¥40,214,501.07, compared to ¥41,102,143.58 in Q3 2019, reflecting a decline of 2.2%[49] Assets and Liabilities - Total assets increased to ¥691,537,055.89, a growth of 126.24% compared to the previous year[9] - Total assets increased significantly, with current assets totaling ¥624.84 million, up from ¥237.50 million[31] - The company's total liabilities were reported at CNY 81,412,303.53, slightly down from CNY 83,090,220.04 in the previous year[33] - The company’s total liabilities increased, with long-term borrowings rising to ¥7.71 million, a 62.66% increase from ¥4.74 million[18] - Total liabilities amounted to CNY 71,245,026.04 as of Q3 2020[71] - The total liabilities to equity ratio stands at approximately 0.37, suggesting a conservative capital structure[66] Cash Flow - The net cash flow from operating activities surged to ¥22,342,908.84, a remarkable increase of 733.43%[9] - Cash and cash equivalents increased to ¥415.20 million from ¥42.04 million, a growth of 887.64% due to funds raised from stock issuance[18] - Cash inflow from operating activities totaled CNY 103,645,889.32, down from CNY 139,265,889.66 in the prior year[55] - The net increase in cash and cash equivalents for the period was CNY 366,987,209.62, compared to CNY 14,710,644.80 in the previous year[57] Shareholder Information - The company reported a total of 31,911 common shareholders at the end of the reporting period[13] - The top shareholder, Ge Wenyue, holds 22.48% of the shares, totaling 14,339,200 shares[13] Government Support - The company received government subsidies amounting to ¥3,055,448.33 during the reporting period[10] - Other income increased by 166.42% to ¥3.08 million, primarily due to increased government subsidies[19] Earnings and Expenses - Basic earnings per share remained at ¥0.18, unchanged from the previous year[9] - The weighted average return on equity was 3.43%, an increase from 1.37% in the previous year[9] - The company’s financial expenses increased by 250.66% to ¥372,058.00, primarily due to higher interest expenses on bank loans[19] - Research and development expenses for Q3 2020 amounted to CNY 3,097,009.38, compared to CNY 2,781,865.36 in Q3 2019, showing an increase of about 11.4%[40] Investment Performance - Investment income decreased by 51.05% to ¥964,589.04, reflecting reduced dividends from non-trading equity investments[19] - The company experienced an investment loss of CNY 134,000.00 in Q3 2020, a decrease from an investment gain of CNY 1,099,454.79 in Q3 2019[40] Compliance and Reporting - The company is in compliance with the new revenue recognition standards effective from January 1, 2020, impacting the presentation of liabilities[67] - The third quarter report was not audited, indicating potential limitations in the reliability of the data presented[73]