Financial Performance - The total operating revenue for 2021 was ¥1,464,949,911.69, representing a 26.16% increase compared to ¥1,161,196,944.35 in 2020[24]. - The net profit attributable to shareholders for 2021 was ¥88,267,067.20, a 20.93% increase from ¥72,990,296.57 in 2020[24]. - The net cash flow from operating activities was ¥79,443,213.25, up 15.64% from ¥68,696,701.67 in 2020[24]. - The total assets at the end of 2021 were ¥1,099,703,500.85, a 7.57% increase from ¥1,022,341,797.13 at the end of 2020[24]. - The net assets attributable to shareholders increased to ¥854,457,166.55, a 9.42% rise from ¥780,906,046.23 in 2020[24]. - The basic earnings per share for 2021 was ¥0.72, down 8.86% from ¥0.79 in 2020[24]. - The diluted earnings per share also stood at ¥0.72, reflecting the same decrease of 8.86% compared to the previous year[24]. - The weighted average return on equity for 2021 was 10.78%, down from 18.79% in 2020, indicating a decline of 8.01%[24]. Revenue Breakdown - Revenue from digital communication cables accounted for 95.17% of total revenue, amounting to ¥1,394,222,142.48, with a year-on-year growth of 25.16%[64]. - The revenue from 6A and above data communication cables increased by 57.15% to ¥204,597,410.45, now representing 13.97% of total revenue[64]. - The company's overseas revenue reached ¥802,783,309.45, accounting for 54.80% of total revenue, with a year-on-year increase of 42.29%[64]. Market and Industry Trends - The company operates in the digital communication cable industry, which is expected to benefit from the growth of 5G, big data, and cloud computing technologies[39]. - The digital communication cable industry is in a growth phase, benefiting from the demand driven by global 5G networks, data centers, and IoT infrastructure upgrades[43]. - The government has set a target for 5G personal user penetration to exceed 40% by 2023, which is expected to drive demand for digital communication cables[39]. - The IoT market in China is projected to grow from 259 billion yuan in 2018 to 750.9 billion yuan in 2022, with a CAGR of 30.49% from 2018 to 2022[42]. Research and Development - The company invested ¥5,419,440 in R&D during the reporting period, a 23.11% increase year-on-year, resulting in 20 new utility model patents and 1 design patent[63]. - The company has developed high-end data cables and specialized cables to meet the increasing performance requirements of downstream customers[52]. - The company has launched new products and technologies, including 800G high-speed line components and the second generation of high-performance Category 6 cabling systems[54]. - The company plans to invest in R&D for high-speed transmission cables and connection components to maintain technological leadership and improve product performance[122]. Cost and Expenses - The company’s operating costs increased by 28.23% to 1,258.56 million yuan due to fluctuations in the prices of raw materials such as copper and insulation materials[59]. - The total cost of raw materials for the digital communication cable industry in 2021 was ¥1,100,376,360.30, accounting for 87.43% of operating costs, a 36.58% increase from ¥805,678,729.75 in 2020[73]. - The manufacturing costs for the digital communication cable industry were ¥83,754,591.02 in 2021, accounting for 6.65% of operating costs, which is a 14.55% increase from the previous year[73]. Cash Flow and Financing - Operating cash inflow totaled ¥1,584,971,003.43, an increase of 23.14% compared to ¥1,287,153,925.50 in 2020[86]. - Investment cash inflow reached ¥327,393,870.72, a significant increase of 130,857.55% compared to ¥250,000.00 in 2020[89]. - Financing cash inflow was reported at ¥0, a decrease of 100% compared to ¥506,409,047.53 in the previous year[89]. - The net increase in cash and cash equivalents was -¥192,422,583.93, a decline of 169.12% from an increase of ¥278,388,806.31 in the previous year[89]. Corporate Governance - The company maintains strict independence from its controlling shareholders in terms of assets, personnel, finance, organization, and business operations, ensuring a complete and independent business structure[136]. - The company has established a comprehensive internal control system that is effective and well-executed, promoting normal and efficient business operations[135]. - The company’s governance structure aligns with legal and regulatory requirements, with no significant discrepancies noted[135]. - The company has a dedicated financial department with independent accounting systems and management, ensuring no interference from shareholders in financial decisions[136]. Employee and Management - The total number of employees at the end of the reporting period was 1,167, with 698 in production, 60 in sales, 264 in technology, 10 in finance, and 135 in administration[183]. - The company has established a comprehensive training program to enhance employee skills and competencies, including various training formats such as internal and external training[187]. - The company is committed to improving its employee compensation system and incentive mechanisms based on operational performance[184]. Future Outlook - The company has provided a positive outlook for the next fiscal year, projecting a revenue growth of 25% based on current market trends and expansion strategies[155]. - The company plans to enhance its production capacity and introduce advanced production technology to meet the growing demand in the digital communication cable industry in 2022[120]. - A strategic acquisition is planned, with negotiations ongoing for a potential merger with a local competitor to enhance market presence[155].

Financial Performance - The company's revenue for Q3 2021 was ¥372,536,085.77, representing a 12.06% increase year-over-year, while the year-to-date revenue reached ¥1,049,852,086.01, up 27.99% compared to the same period last year[4] - The net profit attributable to shareholders for Q3 2021 was ¥20,626,451.24, a decrease of 5.61% year-over-year, with a year-to-date net profit of ¥61,126,964.94, an increase of 16.39%[4] - The company's basic earnings per share for Q3 2021 was ¥0.1684, down 29.21% compared to the same period last year, while the diluted earnings per share also stood at ¥0.1684[4] - Total operating revenue for the current period reached ¥1,049,852,086.01, a significant increase of 27.9% compared to ¥820,262,381.58 in the previous period[26] - Net profit for the current period was ¥61,126,964.94, representing a 16.5% increase from ¥52,518,185.33 in the previous period[30] - The company reported a total comprehensive income of ¥61,126,964.94 for the current period, compared to ¥52,518,185.33 in the previous period[32] Assets and Liabilities - Total assets at the end of Q3 2021 were ¥1,045,278,563.78, reflecting a 2.24% increase from the end of the previous year[4] - The total liabilities decreased to ¥217,945,284.72 from ¥241,435,750.90, reflecting a reduction of approximately 9.7%[24] - The total equity attributable to shareholders at the end of Q3 2021 was ¥827,333,279.06, an increase of 5.95% from the previous year[4] - The company’s total assets reached ¥1,045,278,563.78, an increase from ¥1,022,341,797.13 in the previous period[27] Cash Flow - The company's cash flow from operating activities for the year-to-date period was ¥40,400,229.03, a decline of 35.26% compared to the same period last year[11] - Operating cash inflow for the current period reached ¥1,170,128,983.02, an increase of 27.5% compared to ¥918,077,628.46 in the previous period[34] - Net cash flow from operating activities was ¥40,400,229.03, down 35.3% from ¥62,401,153.25 in the same period last year[37] - Cash outflow from investing activities totaled ¥438,912,815.34, significantly higher than ¥43,624,106.57 in the previous period[37] - Net cash flow from investing activities was -¥193,427,799.26, compared to -¥43,374,106.57 in the previous year, indicating increased investment expenditures[37] - Cash and cash equivalents at the end of the period amounted to ¥90,731,701.11, a decrease from ¥59,070,764.69 in the previous year[40] Inventory and Costs - The company's inventory increased by 49.38% year-over-year, reaching ¥237,835,232.10, attributed to rising raw material prices and increased stock levels[8] - The company experienced a 32.64% increase in operating costs, totaling ¥903,885,453.47, primarily due to rising revenue and raw material costs[11] - Total operating costs amounted to ¥994,256,821.47, up 29.3% from ¥768,596,871.40 in the previous period[26] Investments and Development - The company reported a significant increase in investment income, which rose by 394.92% to ¥1,640,870.82, driven by higher interest income from structured deposits[11] - Research and development expenses increased to ¥42,429,077.97, up 24.9% from ¥33,970,927.26 in the previous period[30] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[29] Corporate Actions - The company established a new branch in Shanghai to enhance business development and market expansion[17] - The company completed the registration of changes for its wholly-owned subsidiary, indicating ongoing business development needs[17] - The company distributed a cash dividend of CNY 1.20 per 10 shares, totaling CNY 14.70 million, based on a total share capital of 122.5 million shares[16] Other Information - The third-quarter report was not audited, indicating that the figures may be subject to further review[42] - The company did not adjust the initial balance sheet items for the new leasing standards implemented in 2021[41]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥677,316,000.24, representing a 38.84% increase compared to ¥487,832,012.93 in the same period last year[28]. - The net profit attributable to shareholders for the first half of 2021 was ¥40,500,513.70, up 32.07% from ¥30,664,982.56 in the previous year[28]. - The net cash flow from operating activities was negative at -¥14,440,343.59, a decline of 128.71% compared to ¥50,301,200.85 in the same period last year[28]. - The basic earnings per share for the first half of 2021 was ¥0.3306, a slight decrease of 0.96% from ¥0.3338 in the previous year[28]. - The total assets at the end of the reporting period were ¥1,027,137,024.38, reflecting a 0.47% increase from ¥1,022,341,797.13 at the end of the previous year[30]. - The net assets attributable to shareholders increased by 5.19% to ¥821,406,559.93 from ¥780,906,046.23 at the end of the previous year[30]. - The weighted average return on net assets decreased to 5.06%, down 3.29% from 8.35% in the previous year[28]. - The net profit after deducting non-recurring gains and losses was ¥32,973,755.64, which is a 26.38% increase from ¥26,091,133.17 in the same period last year[28]. - The gross profit margin for the digital communication cable industry decreased by 4.04% to 13.14%, with revenue from this segment amounting to ¥639,629,717.87, up 36.67% year-on-year[67]. - Research and development expenses increased by 15.06% to ¥26,330,998.74, reflecting the company's commitment to innovation and meeting changing market demands[67]. Dividend and Profit Distribution - The company plans not to distribute cash dividends or issue bonus shares[7]. - The company’s profit distribution plan for 2020 included a cash dividend of 1.20 RMB per 10 shares, totaling 14.70 million RMB distributed to shareholders[57]. - The company did not distribute cash dividends, issue bonus shares, or increase share capital from capital reserves for the reporting period[120]. - The company implemented a profit distribution plan on July 16, 2021, distributing a total of RMB 14.7 million to shareholders, at a rate of RMB 1.20 per 10 shares based on a total share capital of 122.5 million shares[129]. Market and Industry Insights - The digital communication cable industry is experiencing growth due to the global expansion of the electronic information industry and supportive government policies[45]. - The company’s products are widely used in various sectors, including smart security, telecommunications, and industrial automation[37]. - The company is expanding its market presence across multiple regions, including Europe, North America, and Southeast Asia[37]. - The domestic data cable market is forecasted to grow at an annual rate of approximately 5%, while international demand is expected to exceed 10%[50]. - The company has established itself as a key supplier for major domestic internet companies, entering bulk supply phases for high-speed transmission cables and connection products[50]. Research and Development - The company has a dedicated R&D department focused on improving product performance and developing high-end data cables[43]. - The company has filed for 8 new utility model patents and introduced 2 provincial new products during the reporting period, enhancing its innovation capabilities[53]. - The company has undertaken 3 national-level research projects and 16 provincial-level projects, demonstrating its active engagement in technological advancement[60]. - The company has developed the OSFP 800G high-speed cable component and a second-generation high-performance Category 6 cabling system, supporting advanced technologies like 5GBASE-T[53]. - The company is committed to continuous R&D investment to keep pace with technological advancements and meet customer demands[106]. Operational Efficiency - The company has established a complete procurement, production, quality inspection, and sales system, optimizing its operational efficiency[41]. - The company has implemented a unified bulk procurement strategy to control costs and ensure material quality[43]. - The company has established a strong customer resource advantage, becoming a key supplier for leading global electronic and communication companies, which mitigates risks from regional economic fluctuations[59]. - The company has formed strategic partnerships with leading enterprises in various industries, enhancing its market presence and operational stability[59]. Financial Position and Investments - The company's cash and cash equivalents decreased by 18.89% to CNY 131,450,989.80, down from CNY 323,984,967.09, due to increased project expenditures and investments in financial products[71]. - Inventory increased by 7.24% to CNY 234,295,622.13, compared to CNY 159,211,938.81 in the previous year, indicating a rise in stock levels[71]. - The total investment during the reporting period was CNY 64,510,761.26, a significant increase of 179.49% compared to CNY 23,081,604.79 in the same period last year[78]. - The company has ongoing projects, including a data cable expansion project with an investment of CNY 30,471,939.04, which is 44.74% complete[78]. - The annual production expansion project for 350,000 kilometers of data cables has a total investment of CNY 17,017.96 million, with 44.74% progress as of the reporting period[89]. Risk Management - The company has outlined potential risks and countermeasures in its management discussion section, emphasizing the importance of investor awareness regarding investment risks[6]. - The company faces risks related to customer concentration, with the top five customers accounting for a significant portion of sales revenue[106]. - The company is exposed to risks from fluctuations in raw material prices, particularly copper, which is closely tied to market conditions[107]. - The company anticipates potential impacts on overseas business due to ongoing global pandemic conditions[111]. - The company will strengthen strategic cooperation with suppliers to mitigate risks from raw material price volatility[107]. Governance and Compliance - The company maintains a strong governance structure and complies with relevant laws and regulations to protect the rights of shareholders and stakeholders[129]. - The company reported no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[132]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[133]. - The company had no violations regarding external guarantees during the reporting period[134]. - The semi-annual financial report was not audited[135]. Shareholder Information - The total number of shares is 122,500,000, with 91,875,000 shares held by shareholders after the recent changes[173]. - The company’s shareholding structure shows a decrease in restricted shares, with 93,452,455 restricted shares before the changes, reducing to 91,875,000 after[173]. - The total number of common stock shareholders at the end of the reporting period is 15,825[177]. - The company has not reported any changes in the shareholding of directors, supervisors, and senior management during the reporting period[189]. - The top ten shareholders did not engage in any repurchase transactions during the reporting period[188].

Financial Performance - The company's operating revenue for 2020 was CNY 1,161,196,944.35, representing a year-on-year increase of 5.88% compared to CNY 1,096,661,213.25 in 2019[18]. - The net profit attributable to shareholders of the listed company was CNY 72,990,296.57, a decrease of 3.02% from CNY 75,260,236.17 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 62,515,432.94, down 5.45% from CNY 66,119,353.59 in 2019[18]. - The net cash flow from operating activities was CNY 68,696,701.67, a decrease of 7.88% compared to CNY 74,572,834.51 in the previous year[18]. - The total assets at the end of 2020 amounted to CNY 1,022,341,797.13, an increase of 71.59% from CNY 595,803,582.14 at the end of 2019[18]. - The net assets attributable to shareholders of the listed company were CNY 780,906,046.23, up 121.81% from CNY 352,058,627.70 in the previous year[18]. - The basic earnings per share for 2020 were CNY 0.79, a decrease of 3.66% from CNY 0.82 in 2019[18]. - The diluted earnings per share were also CNY 0.79, reflecting the same decrease of 3.66% from the previous year[18]. - The weighted average return on net assets was 18.79%, down from 23.94% in 2019, indicating a decline of 5.15%[18]. Revenue Breakdown - Revenue from the digital communication cable industry was ¥1,113,937,872.41, accounting for 95.93% of total revenue, with a year-on-year growth of 6.07%[59]. - The revenue from 6A and above data communication cables increased by 18.89% to ¥130,194,822.42, while revenue from 6 and below data communication cables decreased by 0.73% to ¥866,790,900.28[57]. - Domestic revenue reached ¥596,989,934.70, a 13.15% increase from the previous year, while overseas revenue slightly decreased by 0.85% to ¥564,207,009.65[57]. - The gross profit margin for the digital communication cable industry was 15.82%, down from 17.96% in the previous year, with operating costs increasing by 8.84%[59]. - Sales volume of digital communication cables reached 866,118.91 kilometers, a 3.85% increase from 2019, while production volume was 889,097.67 kilometers, up 7.15%[60]. Research and Development - R&D investment totaled 44.02 million yuan, increasing by 5.93% year-on-year, focusing on advanced products like CAT8.2 high-speed data cables and 400G-QSFP-DD high-speed components[52]. - The company has developed high-speed transmission cables capable of supporting data transmission rates of up to 400 Gbps, catering to the needs of large and super data centers[28]. - The company has a dedicated R&D department focused on improving product stability and production efficiency, responding to increasing performance requirements from downstream customers[32]. - The company has established strategic partnerships with renowned research institutions, enhancing its technology innovation and product system[47]. - The number of R&D personnel increased to 137, representing 13.82% of the total workforce[68]. Market Presence and Sales Strategy - The company has a strong presence in both domestic and international markets, with sales covering regions including Europe, North America, and Southeast Asia[28]. - The company primarily adopts a direct sales model, establishing dedicated sales teams based on customer and product categories[33]. - The company has maintained long-term stable relationships with major domestic and international clients, leveraging its product quality and diverse design capabilities to expand its market presence[34]. - The digital communication cable industry is experiencing continuous growth due to increased investments in electronic information, internet, and communication sectors, particularly in IoT and 5G construction[34]. Cash Management and Dividends - The company plans to distribute a cash dividend of CNY 1.20 per 10 shares to all shareholders, based on a total of 122,500,000 shares[4]. - The cash dividend payout ratio for 2020 was 20.14% of the consolidated net profit[128]. - The company emphasizes the importance of cash dividends, aiming for a minimum of 80% of profits to be distributed as cash dividends during mature phases without major capital expenditures[111]. - The company’s profit distribution policy is designed to ensure reasonable returns for shareholders while maintaining operational sustainability[111]. IPO and Fundraising - The company successfully listed on the Shenzhen Stock Exchange's Growth Enterprise Market on December 7, 2020, raising a total of 404.56 million yuan[53]. - The total amount of funds raised in the initial public offering (IPO) was RMB 404,556,250, with a net amount of RMB 355,857,121 after deducting related issuance costs[82]. - As of December 31, 2020, the company had used RMB 90,148,700 of the raised funds, with RMB 14,722,900 directly invested in projects and RMB 75,425,800 for project pre-investment and replacement[83]. Risk Management - The company faces risks related to customer concentration, with the top five customers accounting for an increasing share of sales revenue[104]. - The company is exposed to raw material price fluctuations, particularly copper, which can impact gross margins despite a pricing model that transfers some risk to downstream customers[105]. - The company plans to strengthen accounts receivable management to address potential collection risks, despite currently having a favorable collection situation[105]. - The company anticipates pressure on overseas business demand due to the ongoing global pandemic, which may adversely affect operational performance[106]. Compliance and Governance - The company has committed to fulfilling all public commitments made during its initial public offering and listing on the Growth Enterprise Market, actively accepting social supervision[164]. - The company will take legal responsibility for any false statements or omissions in the prospectus, ensuring the accuracy and completeness of disclosed information[162]. - The company has established measures to ensure that any profits from unfulfilled commitments will be returned to the company for compensation purposes[167]. - The company has committed to reducing salaries, bonuses, and allowances to fulfill unfulfilled commitments or compensate for losses[167].

Financial Performance - The company's operating revenue for Q1 2021 was CNY 314,798,665.92, representing a 57.94% increase compared to CNY 199,312,463.98 in the same period last year[7]. - Net profit attributable to shareholders for Q1 2021 was CNY 19,657,633.60, up 37.06% from CNY 14,342,422.51 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was CNY 14,518,019.03, reflecting a 38.56% increase from CNY 10,477,590.17 in the previous year[7]. - The basic earnings per share for Q1 2021 was CNY 0.1605, a 2.82% increase from CNY 0.1561 in the same period last year[7]. - The company reported a total profit for the period of CNY 21,184,571.38, compared to CNY 15,339,895.00 in Q1 2020, indicating an increase of approximately 38.2%[69]. - The company's operating profit was CNY 20,852,139.89, an increase from CNY 17,526,756.37 in the same quarter last year, representing a growth of about 18.5%[69]. - The total comprehensive income attributable to the parent company's owners was CNY 19,657,633.60, compared to CNY 14,342,422.51 in Q1 2020, marking an increase of about 37.5%[69]. Cash Flow and Assets - The net cash flow from operating activities decreased by 14.36% to CNY 28,258,924.77, down from CNY 32,996,526.78 in the same period last year[7]. - Cash and cash equivalents decreased by 60.03% to 129,510,741.27 due to significant investments in financial products[23]. - The total assets at the end of the reporting period were CNY 969,610,408.32, a decrease of 5.16% from CNY 1,022,341,797.13 at the end of the previous year[7]. - Total current assets decreased to CNY 703,72 million from CNY 771.60 million, a reduction of approximately 8.8%[51]. - The company's cash and cash equivalents were CNY 122,257,626.23, compared to CNY 317,128,560.48 in the previous period, indicating a significant decrease of approximately 61.5%[58]. - The ending balance of cash and cash equivalents was CNY 99,473,876.23, down from CNY 37,996,215.31 in the previous period[83]. Liabilities and Equity - The total liabilities as of March 31, 2021, were CNY 157,422,864.70, down from CNY 233,315,259.17, showing a reduction of about 32.5%[61]. - The company's total equity increased to CNY 800.56 million from CNY 780.91 million, an increase of about 2.4%[57]. - The company reported a total liability of CNY 169.05 million, down from CNY 241.44 million, reflecting a decrease of approximately 29.9%[55]. Operational Costs and Expenses - The company’s operating costs rose by 63.61% to 276,006,650.74, correlating with the increase in sales revenue[23]. - Total operating costs for the first quarter of 2021 amounted to CNY 301,465,938.87, compared to CNY 192,728,108.09 in the previous year, indicating a year-over-year increase of about 56.4%[65]. - The company reported a decrease in financial expenses, with interest expenses of CNY 388,906.78 compared to CNY 1,681,803.25 in the previous year, indicating a reduction of approximately 77.9%[70]. Investments and R&D - The company will continue to invest heavily in R&D to meet the rapid technological advancements and product demands in downstream industries[29]. - Research and development expenses for Q1 2021 amounted to CNY 11,747,087.39, compared to CNY 10,270,076.84 in the previous year, showing an increase of approximately 14.4%[70]. - The company has committed to a project to expand annual production capacity of data cables to 350,000 kilometers, with a total investment of 17,017.96 million CNY[37]. Market and Strategic Plans - The company plans to strengthen its marketing team and expand its domestic and international market presence to mitigate customer concentration risks[28]. - The company is focusing on enhancing its marketing team and adopting flexible sales methods to improve competitiveness[35]. - The company plans to focus on expanding its market presence and investing in new product development to drive future growth[65]. Risks and Challenges - The company has a high proportion of accounts receivable relative to current assets, which poses a risk despite good collection performance[31]. - The company has a significant overseas business, primarily settled in USD, which exposes it to foreign exchange risks[30]. - The main raw material for the company's products is copper, with procurement prices closely linked to domestic market benchmark copper prices, which are subject to significant fluctuations[30]. - The company plans to strengthen strategic cooperation with suppliers and optimize the supplier structure to mitigate raw material price fluctuation risks[30]. - The company has reported that the impact of the COVID-19 pandemic on its operations has been minimal, but international demand may face pressure due to ongoing global pandemic conditions[31].