Financial Performance - The company's operating revenue for Q3 2021 was ¥45,625,958.35, a decrease of 21.14% compared to the same period last year[4] - Net profit attributable to shareholders for Q3 2021 was ¥16,080,716.10, an increase of 6.52% year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥14,261,579.07, a decrease of 1.56% compared to the same period last year[4] - The company's basic earnings per share for Q3 2021 was ¥0.14, down 22.22% year-on-year[4] - The weighted average return on equity was 1.90%, a decrease of 1.88% compared to the same period last year[4] - Total operating revenue for Q3 2021 was CNY 155,021,750.83, an increase of 1.7% compared to CNY 152,725,476.05 in the same period last year[25] - Net profit for Q3 2021 reached CNY 56,723,438.11, up 32.0% from CNY 42,970,045.55 in Q3 2020[26] - Earnings per share remained stable at CNY 0.51 for both Q3 2021 and Q3 2020[27] Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was ¥68,077,962.73, representing a significant increase of 256.24%[4] - The net cash flow from operating activities for Q3 2021 was ¥68,077,962.73, a significant increase from ¥19,110,123.73 in Q3 2020, representing a growth of approximately 256%[30] - The total cash outflow from investment activities was ¥525,871,373.88, compared to ¥281,034,194.68 in the same period last year, indicating an increase of about 87%[30] - The net cash flow from investment activities was -¥279,492,719.84, a decline from -¥7,093,118.68 year-over-year, reflecting a worsening investment position[30] - The total cash inflow from investment activities was ¥246,378,654.04, down from ¥273,941,076.00 in the previous year, indicating a decrease of about 10%[30] - The company reported a total cash outflow from operating activities of ¥114,693,249.17, which increased from ¥100,840,958.91 in Q3 2020, marking an increase of approximately 14%[30] - The company experienced a net decrease in cash and cash equivalents of -¥258,952,532.33 during the quarter, contrasting with a net increase of ¥11,519,351.77 in the same quarter last year[30] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥890,985,346.93, a slight decrease of 0.10% from the previous year-end[5] - The total assets as of the end of Q3 2021 were CNY 890,985,346.93, a slight decrease from CNY 891,879,354.57 at the end of the previous quarter[23] - Total liabilities decreased to CNY 37,683,480.56 from CNY 56,098,126.31, indicating a reduction of approximately 32.9%[23] - The company's non-current assets totaled CNY 154,093,446.82, an increase from CNY 104,630,471.75 in the previous period[23] - Deferred income tax assets rose to CNY 2,233,557.05 from CNY 1,879,801.87, reflecting an increase of 18.9%[23] Shareholder Information - Total number of common shareholders at the end of the reporting period is 13,507[16] - The largest shareholder, Song Jinsuo, holds 34.69% of shares, totaling 38,855,900 shares[16] Inventory and Expenses - The company experienced a 32.60% increase in inventory, totaling ¥58,835,631.43, due to an increase in raw materials and finished goods[10] - The company’s inventory increased from ¥44,370,878.34 at the end of 2020 to ¥58,835,631.43 by September 30, 2021, an increase of approximately 32.5%[21] - The company’s fixed assets decreased from ¥79,231,998.79 at the end of 2020 to ¥75,893,331.14 by September 30, 2021, a decline of about 4.2%[21] - The company's financial expenses increased by 432.46% to -¥7,602,052.80, primarily due to increased bank deposit interest income[12] - Research and development expenses for Q3 2021 were CNY 7,242,661.97, slightly up from CNY 7,077,169.31 in Q3 2020[26] Corporate Actions - The company signed an investment cooperation agreement with the Qinhuangdao Economic and Technological Development Zone Management Committee on March 29, 2021[18] - The company is in the process of constructing the Tianqin Equipment Industrial Park as part of its investment cooperation agreement[18] - The company held its fifth extraordinary general meeting on October 18, 2021, to approve adjustments to fundraising investment projects[19] Other Information - The company's cash and cash equivalents decreased from ¥591,835,232.30 at the end of 2020 to ¥332,572,026.13 by September 30, 2021, a decline of approximately 43.8%[21] - Total current assets decreased from ¥787,248,882.82 at the end of 2020 to ¥736,891,900.11 by September 30, 2021, a decrease of about 6.4%[21] - The company reported an increase in other equity instrument investments from ¥5,000,000.00 to ¥19,000,000.00, representing a 280% increase[21] - The third-quarter report was not audited, which may affect the reliability of the financial data presented[33] - The company did not adjust the beginning balance of the balance sheet for the new leasing standards as there were no new leasing operations during the reporting period[32]

Financial Performance - The company's operating revenue for the reporting period was CNY 109,395,792.48, representing a 15.31% increase compared to CNY 94,871,283.25 in the same period last year[23]. - The net profit attributable to shareholders was CNY 40,642,722.01, a significant increase of 45.81% from CNY 27,873,779.52 year-on-year[23]. - The net cash flow from operating activities reached CNY 53,981,988.68, up 51.36% from CNY 35,664,687.58 in the previous year[23]. - The company's total assets at the end of the reporting period were CNY 870,608,623.34, a decrease of 2.38% from CNY 891,879,354.57 at the end of the previous year[23]. - The basic earnings per share rose to CNY 0.36, reflecting a 9.09% increase from CNY 0.33 in the previous year[23]. - The weighted average return on net assets decreased to 4.78%, down 2.59% from 7.37% in the previous year[23]. - Revenue from equipment components increased by 104.73% compared to the same period last year, contributing to an 8.83% rise in its share of total revenue[84]. - Operating costs increased by 10.73% to ¥62,150,819.72, primarily due to the rise in sales orders during the reporting period[95]. - The company's financial expenses decreased significantly by 439.61% to -¥5,299,898.48, mainly due to increased interest income from bank deposits[96]. - The income tax expense rose by 51.45% to ¥7,459,774.90, attributed to an increase in total profit during the reporting period[96]. Corporate Governance and Compliance - The financial report is guaranteed to be true, accurate, and complete by the company's management, including the legal representative and accounting personnel[3]. - The company has not reported any significant changes in its registered address or contact information during the reporting period[17]. - The report includes a directory of documents available for public inspection, ensuring transparency[9]. - The company has established a comprehensive confidentiality management system to mitigate risks related to national secrets leakage[128]. - The company has not engaged in any derivative investments or entrusted loans during the reporting period[125][126]. - The company has not experienced any violations regarding external guarantees during the reporting period[168]. - The company has not conducted any asset or equity acquisitions or sales during the reporting period[177]. - The company reported no related party transactions during the reporting period[178]. - There were no significant guarantees or debts with related parties during the reporting period[179][180][185]. Research and Development - The company has developed over 20 types of high-performance engineering plastics for specialized protective devices, with applications in defense equipment, including over 70 types of ammunition packaging boxes and nearly 20 types of packaging tubes[35]. - The company plans to increase R&D efforts to expand the application of high-performance engineering plastics in both defense and civilian sectors, aiming to meet diverse market demands[36]. - The company holds 11 invention patents, 32 utility models, and 2 design patents, with 30 ongoing R&D projects[87]. - The company is focused on expanding its product lines in specialized metal components and new types of components to drive future profit growth[84]. - The company has a dedicated R&D department with a structured process that includes project validation, scheme validation, engineering development, and design finalization[67]. Market Position and Strategy - The company has established long-term stable partnerships with various defense equipment research and manufacturing units, contributing to military combat capabilities[30]. - The company is a leading player in the defense equipment protection sector, with significant contributions to national key ammunition protection projects and a strong technical foundation[70]. - The company has a competitive edge in high polymer material processing and application technology, leading the domestic market[70]. - The company actively participates in the formulation of national and industry standards, enhancing its influence in the defense sector[71]. - The company is positioned to benefit from favorable policies aimed at promoting the healthy and rapid development of the defense equipment support industry[74]. Environmental and Social Responsibility - The company has implemented VOC equipment to purify volatile waste gases, ensuring compliance with environmental standards[149]. - The company has conducted environmental impact assessments for construction projects in accordance with relevant laws and regulations[151]. - There were no administrative penalties due to environmental issues during the reporting period[155]. - The company has established a self-monitoring plan for environmental indicators, with all monitoring results meeting standards[154]. Shareholder Information - The company reported a plan not to distribute cash dividends, issue bonus shares, or increase capital from reserves[5]. - The total number of shares after the recent changes is 112,008,000, with 75.00% being limited shares and 25.00% being unrestricted shares[195]. - The largest shareholder, Song Jinsuo, holds 38,855,900 shares, which remains unchanged and is subject to a lock-up period until December 25, 2023[199]. - The company completed its initial public offering (IPO) of 28,002,000 shares on December 25, 2020, listed on the Shenzhen Stock Exchange[195]. - The company has a total of 85,451,731 limited shares before the recent changes, which decreased to 84,006,000 after adjustments[200].

Financial Performance - The company's operating revenue for Q1 2021 was CNY 41,088,372.60, representing a 40.34% increase compared to CNY 29,278,553.71 in the same period last year[7]. - Net profit attributable to shareholders was CNY 15,643,279.25, a significant increase of 107.63% from CNY 7,534,365.99 year-on-year[7]. - The net profit after deducting non-recurring gains and losses reached CNY 13,911,637.12, up 124.90% from CNY 6,185,622.50 in the previous year[7]. - Basic earnings per share increased to CNY 0.14, a rise of 55.56% from CNY 0.09 in the same period last year[7]. - The total profit for Q1 2021 was CNY 18,575,773.16, compared to CNY 8,866,417.93 in Q1 2020, marking a substantial growth[48]. - The company's retained earnings increased from CNY 127,351,061.91 to CNY 142,994,341.16, a growth of approximately 12.5%[42]. - The company reported a credit impairment loss of CNY 2,917,860.70, an increase from CNY 1,644,803.63 in the previous year, indicating potential challenges in asset quality[48]. Cash Flow - The net cash flow from operating activities was CNY 38,343,499.76, reflecting a 57.80% increase compared to CNY 24,299,416.77 in the same period last year[7]. - The company achieved a net cash inflow from operating activities of CNY 69,374,580.02, compared to CNY 49,170,659.41 in the previous year, indicating strong cash generation capabilities[54]. - Total cash inflow from operating activities was CNY 75,143,484.89, up from CNY 53,235,411.54, reflecting a growth of 41% year-over-year[55]. - Cash outflow from operating activities totaled CNY 36,799,985.13, compared to CNY 28,935,994.77, representing a 27% increase[55]. - The company reported a net cash flow from investment activities of -CNY 219,727,364.00, significantly lower than -CNY 5,561,643.87 in the previous year[55]. - The ending balance of cash and cash equivalents was CNY 402,980,694.22, down from CNY 591,524,558.46 at the beginning of the period, reflecting a decrease of 32%[56]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 883,396,415.49, a decrease of 0.95% from CNY 891,879,354.57 at the end of the previous year[7]. - The total current assets were RMB 779.92 million, slightly down from RMB 787.25 million at the end of 2020, indicating a decrease of 0.4%[40]. - Non-current liabilities totaled CNY 4,429,182.90, an increase from CNY 3,874,342.96, reflecting a rise of approximately 14.3%[42]. - The total amount of accounts receivable decreased by 37.58% to 47,045,593.40 yuan, primarily due to the recovery of receivables from the previous year[15]. - Accounts payable decreased significantly from CNY 27,762,121.22 to CNY 16,398,377.50, a reduction of approximately 41.5%[41]. Government Subsidies and Taxation - The company received government subsidies amounting to CNY 2,037,226.03, with a net impact of CNY 1,731,642.13 after tax effects[8]. - The company reported a 120.15% increase in income tax expenses, totaling 2,932,493.91 yuan, due to higher operating profits[16]. - The company has received high-tech enterprise certification, allowing it to benefit from a reduced corporate income tax rate of 15% from 2018 to 2020[25]. - The company is closely monitoring changes in tax policies and actively developing new products to enhance innovation and profitability[25]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 23,546[11]. - The largest shareholder, Song Jinshuo, holds 34.69% of the shares, totaling 38,855,900 shares[11]. Research and Development - Research and development expenses amounted to CNY 2,092,700.45, up from CNY 1,890,259.46, indicating a focus on innovation[48]. - The company is actively expanding into new military and civilian markets, focusing on R&D for new products, including intelligent military protection devices[22]. Risks and Strategic Initiatives - The company faced risks related to the potential loss of core technical personnel, which could impact its competitive edge in the defense equipment sector[21]. - The company is actively pursuing new projects and products to maintain its technological leadership and mitigate risks associated with high customer concentration in the defense industry[21]. - The company has established stable cooperation with domestic military clients, becoming a preferred supplier, which minimizes the risk of customer turnover and loss[22]. - The company has a risk of losing necessary licenses for defense equipment production, which requires ongoing certification and renewal[28].

Financial Performance - The company's operating revenue for 2020 was CNY 230,188,146.54, representing an increase of 8.20% compared to CNY 212,750,230.69 in 2019[17]. - The net profit attributable to shareholders for 2020 was CNY 64,397,016.25, a growth of 22.54% from CNY 52,552,399.44 in 2019[17]. - The net profit after deducting non-recurring gains and losses was CNY 61,365,212.63, reflecting a 22.11% increase from CNY 50,254,322.97 in 2019[17]. - The total assets at the end of 2020 reached CNY 891,879,354.57, a significant increase of 115.97% from CNY 412,955,424.54 at the end of 2019[17]. - The net assets attributable to shareholders at the end of 2020 were CNY 835,781,228.26, up 129.37% from CNY 364,378,571.72 at the end of 2019[17]. - The company reported a basic earnings per share of CNY 0.77 for 2020, which is a 22.22% increase from CNY 0.63 in 2019[17]. - The total profit reached CNY 74,551,370.21, reflecting a growth of 22.93% year-on-year[73]. - The company achieved a net profit of RMB 64,397,016.25 for the consolidated financial statements in 2020, and RMB 66,690,385.54 for the parent company[155]. - The company reported a net profit margin of 12% for 2020, with plans to increase it to 15% in 2021 through cost optimization[172]. Cash Dividend Policy - The company plans to distribute a cash dividend of 3.5 RMB per 10 shares to all shareholders, based on a total of 112,008,000 shares[4]. - The proposed cash dividend distribution for 2020 is RMB 3.5 per 10 shares, totaling RMB 39,202,800.00, which represents 60.88% of the net profit attributable to shareholders[159]. - The cumulative undistributed profits as of December 31, 2020, amounted to RMB 127,351,061.91 for the consolidated statements and RMB 122,944,020.60 for the parent company[155]. - The company has established a cash dividend policy, distributing a total of 39,202,800 CNY in cash dividends, which represents 100% of the profit distribution total[154]. - The cash dividend distribution is aimed at balancing immediate and long-term interests of shareholders while ensuring normal operations and long-term development[155]. - The company will conduct cash dividends annually after the shareholders' meeting, considering profitability and capital needs for mid-term distributions[165]. - The company has committed to ensuring stable and reasonable returns to investors in accordance with regulatory guidelines[155]. Research and Development - The company has reported a significant focus on research and development of new technologies and products, although specific figures are not provided in the extracted content[4]. - The company focuses on the research, development, production, and sales of specialized protective devices and equipment components, positioning itself as a core supplier in the defense equipment sector[26]. - The company plans to increase R&D efforts to expand the application of high-performance engineering plastics in both defense and civilian sectors, aiming to design more specialized protective devices[33]. - Investment in R&D increased by 30%, focusing on innovative technologies and new product development to enhance competitive advantage[169]. - Research and development expenses amounted to ¥10,646,328.72, which is 4.63% of the operating revenue[93]. - The number of R&D personnel remained stable at 29, accounting for 15.10% of the total workforce[94]. Market Expansion and Strategy - The company is actively pursuing market expansion strategies, which may include mergers and acquisitions, though detailed financial metrics are not specified in the available documents[4]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[168]. - A strategic acquisition of a smaller competitor is expected to be finalized by Q2 2021, which will enhance the company's product offerings and market reach[169]. - The company aims to improve customer satisfaction scores by 10% through enhanced service offerings in 2021[170]. - The company plans to expand its market presence by entering two new provinces in 2021, aiming for a 25% increase in market share[170]. Operational Efficiency and Production - The company utilizes advanced manufacturing technologies, including finite element analysis and mold flow analysis, to enhance product quality and efficiency[10]. - The production process is strictly regulated, requiring compliance with national standards and oversight by appointed representatives throughout the production cycle[61]. - The company has increased its use of outsourcing for non-core components to enhance production efficiency and meet rising demand due to significant business growth[63]. - The company aims to improve operational efficiency, targeting a 5% reduction in production costs by the end of 2021[172]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and goals, as outlined in the section discussing potential operational risks and countermeasures[4]. - The company recognizes the risk of core technical personnel turnover and is implementing measures to enhance employee retention and engagement[131]. - The company has a stable relationship with upstream suppliers, allowing it to obtain favorable procurement prices and mitigate raw material price volatility risks[134]. - The company has established long-term cooperative relationships with core military clients, reducing the risk of customer turnover and ensuring stable demand for high-tech products[133]. Corporate Governance and Compliance - The financial report assures the accuracy and completeness of the financial statements, with key personnel affirming their responsibility for the report's integrity[3]. - The company has a dedicated investor relations team, ensuring effective communication with stakeholders[14]. - The company emphasizes the importance of maintaining confidentiality and has established a comprehensive confidentiality management system to mitigate risks related to national secrets[130]. - The company guarantees that the issuance of new shares will not involve any fraudulent activities and will comply with all legal requirements[163]. Product Development and Innovation - The company has developed over 20 types of high-performance engineering plastics for protective devices, including six series (GX1XX to GX6XX) to meet specific technical requirements[32]. - The company has successfully developed a new high-performance packaging material, GX601, which meets stringent fire-retardant and anti-static requirements[141]. - New product development includes the launch of a next-generation equipment line expected to generate an additional 200 million RMB in revenue in 2021[171]. - The company is committed to increasing R&D investment in strategic and forward-looking technologies, focusing on innovative product development in the defense protection field[120]. Customer and Supplier Relationships - The company has established long-term stable partnerships with various defense equipment research and manufacturing units, contributing to the enhancement of military combat capabilities[27]. - The company’s major customers accounted for 81.26% of total annual sales, with the top five customers generating CNY 187,050,615.42 in sales[88]. - The top five suppliers had a total procurement amount of ¥43,928,890.33, representing 41.87% of the annual total procurement[90]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25% based on new product launches and market expansion strategies[168]. - Future guidance indicates a projected revenue growth of 20% for 2021, targeting 1.44 billion RMB[171]. - The company plans to adjust the distribution ratio if there are changes in the share capital before the implementation of the distribution plan[156].