Financial Performance - Revenue for the first half of 2021 reached ¥420,153,106.98, representing a 61.07% increase compared to ¥260,855,289.24 in the same period last year[22]. - Net profit attributable to shareholders was ¥64,133,695.62, up 103.65% from ¥31,492,130.61 year-on-year[22]. - Net profit after deducting non-recurring gains and losses was ¥50,988,976.12, an increase of 83.29% compared to ¥27,819,487.53 in the previous year[22]. - Basic earnings per share for the period was ¥1.00, a slight increase of 1.01% from ¥0.99 in the same period last year[22]. - The total profit for the first half of 2021 was ¥72,294,568.90, up 96.2% from ¥36,829,499.46 in the previous year[165]. - The comprehensive income total for the first half of 2021 was ¥63,865,763.27, compared to ¥31,817,447.94 in the first half of 2020[166]. - The company reported a net profit of 31,492,000 yuan for the current period, indicating a significant increase compared to the same period last year[181]. Assets and Liabilities - The company's total assets increased by 7.15% to ¥1,166,080,221.94 from ¥1,088,258,773.39 at the end of the previous year[22]. - Current liabilities rose to CNY 256,645,255.47, compared to CNY 246,690,654.16, an increase of about 4.03%[157]. - Non-current liabilities increased significantly to CNY 25,075,645.13 from CNY 8,300,561.16, marking a rise of approximately 201.06%[157]. - The company’s total liabilities reached CNY 281,720,900.60, compared to CNY 254,991,215.32, an increase of about 10.51%[157]. - Cash and cash equivalents decreased to CNY 123,445,622.91 from CNY 589,435,026.31, a decline of approximately 79.03%[160]. Cash Flow - The net cash flow from operating activities was significantly lower at ¥42,103.13, down 99.94% from ¥67,516,416.10 in the previous year[22]. - The total cash inflow from operating activities for the first half of 2021 was CNY 479,422,107.93, an increase of 49.5% compared to CNY 320,622,035.61 in the first half of 2020[172]. - The net cash flow from investing activities was -CNY 472,393,258.08, worsening from -CNY 15,411,496.49 year-over-year[172]. - The cash inflow from financing activities was CNY 28,500,000.00, up from CNY 10,000,000.00 in the first half of 2020[173]. Research and Development - Research and development expenses rose significantly by 85.51% to ¥16,455,510.20 from ¥8,870,319.97, reflecting increased investment in R&D[53]. - The company has a strong focus on R&D, having formed a solid team over more than a decade, which has led to significant advancements in control technologies[45]. - The company is focusing on research and development of new products to enhance its competitive edge in the market[180]. Market Strategy - The company focuses on the development and production of smart controllers and products for various industries, including smart home, automotive electronics, and new consumer electronics[29]. - The company emphasizes customer-oriented product development, integrating advanced technology to provide value-added solutions[33]. - The company plans to expand into emerging markets in Asia, Africa, and Latin America to mitigate risks associated with overseas market concentration[86]. - The company aims to increase its market share in the domestic market and expand its smart controller business to diversify revenue sources[86]. Risk Management - The management has outlined potential risks and countermeasures in the report, emphasizing the importance of risk awareness for investors[5]. - The company faces risks from rising raw material prices and chip shortages, which could significantly impact production costs and operations[88]. - The company emphasizes risk management in derivative trading, focusing on market, liquidity, and credit risks[79]. Corporate Governance - The company has ensured timely and accurate information disclosure to enhance transparency with investors[102]. - The company has maintained good integrity status without any unfulfilled court judgments or significant debts[114]. - The financial report for the first half of 2021 was not audited[153]. Shareholder Information - The company distributed a cash dividend of 3 RMB per 10 shares, totaling 12,774,000 RMB, and implemented a stock bonus of 1 share for every 10 shares held, along with a capital reserve conversion of 4 shares for every 10 shares, increasing the total share capital from 42,580,000 to 63,870,000 shares[135]. - The major shareholder, Ouyang Zhengliang, holds 43.43% of the shares, with a total of 27,739,710 shares, having increased his holdings by 9,246,570 shares during the reporting period[141]. Environmental and Social Responsibility - The company has maintained a strong focus on environmental protection and safety, achieving certifications for environmental management systems and safety production standards[100]. - The company is actively engaged in the research, development, production, and sales of intelligent controllers and products, with a commitment to minimizing environmental impact[99]. - The company has actively engaged in social responsibility, including providing assistance to employees in need through a charity foundation[103].

Financial Performance - The company's operating revenue for Q1 2021 was ¥204,316,852.31, representing a 109.09% increase compared to ¥97,715,568.98 in the same period last year[8]. - The net profit attributable to shareholders for Q1 2021 was ¥33,042,546.34, up 116.91% from ¥15,233,421.82 in the previous year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥24,007,391.99, reflecting a 78.62% increase from ¥13,440,279.47 in the same period last year[8]. - Basic and diluted earnings per share for Q1 2021 were both ¥0.78, a 62.50% increase from ¥0.48 in the same period last year[8]. - The company achieved total operating revenue of CNY 204.32 million, a year-on-year increase of 109.09% due to recovery from the pandemic and increased customer orders[18]. - Net profit attributable to shareholders reached CNY 33.04 million, reflecting a growth of 116.91% compared to the previous year[20]. - The total comprehensive income for the first quarter was CNY 33,241,238.75, compared to CNY 15,614,941.22 in the previous period, marking an increase of 113%[52]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥9,805,421.40, a significant improvement from a negative cash flow of ¥22,552,411.57 in the previous year, marking a 143.48% change[8]. - Cash inflow from operating activities totaled CNY 260.61 million, up 130.73% from CNY 112.95 million in the previous period, driven by increased revenue[19]. - The cash and cash equivalents at the end of the period stood at CNY 155.74 million, a substantial increase of 766.85% compared to CNY 17.97 million in the previous period[19]. - The company's cash and cash equivalents dropped to ¥156,788,600.39 from ¥589,435,026.31, a decline of approximately 73%[43]. - The cash flow from operating activities included ¥234,586,043.12 from sales of goods and services, a significant increase from ¥63,189,336.82 in the previous period[58]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,099,378,121.05, a 1.02% increase from ¥1,088,258,773.39 at the end of the previous year[8]. - The total amount of raised funds is 530.22 million CNY, with 45 million CNY invested in the current quarter[28]. - Total liabilities decreased to ¥232.87 million from ¥254.99 million, a reduction of 8.7%[40]. - The company's trading financial assets increased significantly to ¥485.76 million from ¥47.40 million, marking a growth of 923.5%[38]. - The implementation of the new leasing standard resulted in an adjustment of ¥20,283,010.83 to both right-of-use assets and lease liabilities[66]. Research and Development - The company reported a significant increase in research and development expenses, amounting to CNY 7.32 million, a rise of 117.38% year-on-year, indicating a focus on innovation[18]. - Research and development expenses for Q1 2021 were ¥7,320,658.12, compared to ¥3,367,633.22 in the previous year, indicating a year-over-year increase of approximately 117.5%[47]. - The company aims to increase R&D investment and strengthen external collaboration to achieve breakthroughs in more technology application areas[24]. Strategic Initiatives - The company plans to expand into emerging markets in Asia, Africa, and Latin America to mitigate risks associated with high foreign sales revenue[22]. - The company has emphasized the importance of core technology and product development, continuing to invest in new products and technologies to enhance competitiveness[21]. - The company is actively developing high-quality clients and expanding its presence in the mid-to-high-end market[24]. - The company has established a customer credit assessment system to strengthen monitoring and collection of accounts receivable[23]. Risks and Challenges - The company is facing risks from rising raw material prices and chip shortages, which significantly impact the cost of smart controllers[25]. - The company will closely monitor domestic and international market conditions to enhance its core competitiveness and risk resistance[25].

Financial Performance - The company reported a total revenue of 425.8 million RMB for the year 2020, reflecting a year-on-year growth of 15%[11]. - The company's operating revenue for 2020 was CNY 774.43 million, representing a 36.06% increase compared to CNY 569.19 million in 2019[16]. - The net profit attributable to shareholders for 2020 was CNY 89.27 million, a 72.02% increase from CNY 51.89 million in 2019[16]. - The net cash flow from operating activities reached CNY 128.51 million, a significant increase of 510.56% compared to CNY 21.05 million in 2019[16]. - The total assets of the company at the end of 2020 were CNY 1,088.26 million, up 163.29% from CNY 413.33 million at the end of 2019[16]. - The company's net assets attributable to shareholders increased by 231.28% to CNY 833.27 million at the end of 2020, compared to CNY 251.53 million at the end of 2019[16]. - The basic earnings per share for 2020 were CNY 2.72, reflecting a 66.87% increase from CNY 1.63 in 2019[16]. - The company achieved a revenue of 774 million yuan, representing a year-on-year growth of 36.06%[32]. - Net profit attributable to shareholders reached 89.27 million yuan, an increase of 72.02% compared to the previous year[32]. - The growth in revenue was primarily driven by increased sales of smart controllers for Bluetooth headsets, water filters, robotic vacuums, smart trash cans, and sensor soap dispensers[33]. Dividend Distribution - The company plans to distribute a cash dividend of 3 RMB (including tax) for every 10 shares, along with a bonus share of 1 share (including tax) and a capital reserve conversion of 4 shares for every 10 shares[4]. - The company reported a cash dividend of 12,774,000.00 CNY, representing 75% of the total profit distribution[112]. - The cash dividend for 2020 represents 14.31% of the net profit attributable to ordinary shareholders, which was CNY 89,266,299.53[119]. - In 2019, the company distributed cash dividends totaling CNY 36,000,000, which accounted for 69.38% of the net profit attributable to ordinary shareholders[119]. - The company did not distribute any dividends for the year 2018, as the board decided against it due to cash flow considerations[118]. - As of December 31, 2020, the cumulative distributable profits of the parent company amounted to CNY 124,416,065.45, with retained earnings in the consolidated financial statements at CNY 167,701,111.18[114]. - The company intends to conduct annual cash dividends, distributing no less than 15% of the annual distributable profits, subject to meeting cash dividend conditions[114]. Market Expansion and Product Development - The company aims to expand its market presence by increasing its product offerings in smart home and consumer electronics sectors[11]. - The company is focusing on the development of new technologies and products, particularly in the field of smart controllers and electronic control systems[11]. - The company has established a product matrix with nearly 200 different products across two major categories and six subcategories[51]. - The company is focused on expanding its collaboration with downstream brand manufacturers to enhance its product offerings and meet customer needs[25]. - The company has several ongoing R&D projects, including a face lighting technology and a universal design for oven controllers, aimed at enhancing market competitiveness[74]. - The company is in the detailed design phase for several new products, including an AI-powered coffee machine and a non-contact thermometer, aimed at enhancing market competitiveness[75]. Risk Management - The company has identified potential risks in its future operations and has outlined corresponding mitigation strategies in its report[4]. - The company emphasizes the importance of risk awareness among investors regarding its future plans and projections[4]. - The company faces risks from high export revenue dependence, with significant sales to Asia, Africa, and North America, and plans to expand into emerging markets[104]. - The company has a good overall receivables recovery situation, with most accounts aged under one year, but acknowledges risks from delayed payments by some clients[105]. - The company will implement measures to mitigate risks from raw material price fluctuations, including early procurement and strategic supplier agreements[106]. Corporate Governance and Compliance - The company’s board of directors has confirmed the accuracy and completeness of the financial report, ensuring no significant omissions or misleading statements[3]. - The company has engaged a reputable accounting firm to audit its financial statements, ensuring compliance with regulatory standards[15]. - The company is committed to enhancing its governance structure and improving financial management and internal controls[102]. - The company has fulfilled all commitments made by actual controllers and shareholders during the reporting period[120]. - The company is currently in compliance with the share transfer restrictions imposed on its shareholders following the IPO[120]. Research and Development - R&D expenses amounted to 27.04 million yuan, representing an 18.89% increase year-on-year, accounting for 3.49% of total revenue[57]. - The company emphasizes the importance of R&D capabilities to develop new intelligent controllers and improve existing products based on customer needs[100]. - The company has developed advanced control technologies, including frequency conversion, fuzzy control, and intelligent network technologies, which support its product innovation[44]. - The company has implemented a comprehensive quality management system based on ISO9001 and IATF16949 standards, aiming for "zero defects"[58]. Shareholder Relations and Stock Management - The company plans to repurchase shares as a primary measure to stabilize its stock price, subject to legal and regulatory compliance[122]. - The company will notify creditors and relevant authorities before implementing any share repurchase plan[122]. - The company has a commitment to not transfer more than 25% of its shares held by directors and senior management during their tenure[121]. - The company will ensure that new directors and senior management adhere to the commitments made regarding share price stabilization measures[124]. - The company will publicly explain any failure to implement the share stabilization measures at the shareholders' meeting[124]. - The company guarantees that the public offering of shares does not involve any fraudulent issuance[124]. Social Responsibility - The company donated 350,000 RMB to the Red Cross Society in Anfu County to support education in mountainous areas[158]. - The company maintains a safety-first policy, with no environmental pollution incidents reported during the year[160].