Financial Performance - The company's operating revenue for the first half of 2021 was CNY 268,808,973.01, representing a 100.67% increase compared to CNY 133,956,604.17 in the same period last year[22]. - The net profit attributable to shareholders of the listed company reached CNY 46,529,169.24, an increase of 84.08% from CNY 25,276,639.46 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was CNY 44,044,306.84, up 76.63% from CNY 24,935,398.72 year-on-year[22]. - The basic earnings per share increased by 44.12% to CNY 0.49 from CNY 0.34 in the same period last year[22]. - The company's revenue for the reporting period reached ¥268,808,973.01, a 100.67% increase compared to ¥133,956,604.17 in the previous year, primarily due to increased production and sales volume[66]. - The company's net profit for the first half of 2021 was CNY 46,529,169.24, representing an increase of 84.2% from CNY 25,276,639.46 in the first half of 2020[169]. - The total comprehensive income of CNY 46,529,169.24 for the first half of 2021, compared to CNY 25,276,639.46 in the previous year, an increase of 84.2%[169]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 709,298,797.68, a 78.16% increase from CNY 398,130,724.12 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company increased by 90.12% to CNY 668,684,685.97 from CNY 351,718,709.23 at the end of the previous year[22]. - Total liabilities decreased to CNY 40,614,111.71 from CNY 46,412,014.89, a reduction of 12.5%[165]. - The total amount of raised funds is RMB 28,043.39 million, with RMB 994.96 million invested during the reporting period and a cumulative investment of RMB 3,963.37 million[80]. Cash Flow - The net cash flow from operating activities was CNY 24,854,936.20, reflecting an 8.04% increase compared to CNY 23,004,405.55 in the same period last year[22]. - The cash inflow from operating activities for the first half of 2021 was approximately ¥251.52 million, a significant increase from ¥164.09 million in the same period of 2020, representing a growth of 53.3%[172]. - The cash outflow from investment activities in the first half of 2021 was ¥376.37 million, a substantial rise from ¥7.30 million in the same period of 2020, leading to a net cash flow from investment activities of -¥294.84 million[174]. - The net cash flow from financing activities in the first half of 2021 was ¥267.97 million, a recovery from a net outflow of -¥31.37 million in the same period of 2020[176]. Research and Development - The company has a strong focus on technology innovation and new product development, with a research and development platform recognized as a provincial high-tech enterprise research center in 2012 and a provincial enterprise research institute in 2020[45]. - The company has increased its R&D investment to enhance its core competitiveness, focusing on high-performance, high-quality products and services to attract more downstream customers[48]. - Research and development expenses increased to CNY 7,491,429.12, a rise of 47.8% compared to CNY 5,070,346.88 in the first half of 2020[168]. - The company has a well-rounded R&D team with 36 technical personnel, including 2 PhD holders and 3 senior engineers, enhancing its innovation capabilities[57]. Market and Products - The company specializes in high-quality iron-based powder, transforming waste metals into high-value manufacturing materials[30]. - The main products include high-performance pure iron powder and alloy steel powder, widely used in automotive and electrical industries[31]. - The iron-based powder industry is crucial for manufacturing, with applications in various sectors including transportation, home appliances, and medical devices, indicating a broad market potential[51]. - The company has developed high-compression pure iron powder and diffusion alloy steel powder, which can replace imports and are widely used in high-density and high-strength sintered parts[55]. Corporate Governance and Compliance - The company has not reported any significant changes in its registered status or contact information during the reporting period[21]. - The company has maintained a good reputation and stable financial performance, ensuring the protection of creditor interests[110]. - The company strictly adheres to environmental regulations and has not faced any penalties related to environmental issues during the reporting period[106]. - There were no significant litigation or arbitration matters during the reporting period[122]. Shareholder Information - The company completed its initial public offering (IPO) of 25,000,000 shares, increasing total shares from 75,000,000 to 100,000,000[141]. - As of the end of the reporting period, the total number of ordinary shareholders was 17,026, with the largest shareholder holding 57.28% of the shares[147]. - The largest shareholder, Wang Zhirong, holds 57,281,250 shares, while the second-largest shareholder, Wang Zhichun, holds 13,218,750 shares[147]. Investment and Projects - The company plans to invest in the "upgrade and transformation project for an annual production of 130,000 tons of iron and copper-based new materials," which includes relocating the existing 80,000-ton capacity to a new production base in Huatang District[138]. - The annual production project for 70,000 tons of imported substitute iron and copper-based new materials has a commitment investment of RMB 40,407.97 million, with only 14.49% of the expected progress achieved[83]. - The company has not encountered any major changes in project feasibility or significant delays in expected benefits from the investment projects[83]. Risks and Challenges - The company faces market demand fluctuation risks due to reliance on industries such as transportation and home appliances, which are influenced by macroeconomic conditions[92]. - The main raw material is scrap steel, and fluctuations in its prices could significantly impact procurement costs and profit margins[94]. - The company has maintained a low turnover rate among technical personnel, but faces risks due to increasing market demand for skilled workers in the powder metallurgy industry[95].

Financial Performance - The company's revenue for Q1 2021 reached ¥120,536,450.33, representing a 133.01% increase compared to ¥51,731,194.40 in the same period last year[8] - Net profit attributable to shareholders was ¥18,635,438.53, up 180.15% from ¥6,651,944.96 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥18,593,978.59, reflecting a 196.13% increase from ¥6,278,974.57 in the previous year[8] - Basic earnings per share increased by 111.11% to ¥0.19 from ¥0.09 in the same period last year[8] - Operating profit for the period was ¥21,146,504.38, compared to ¥8,046,469.45 in the same period last year, reflecting a growth of approximately 163%[41] - Net profit attributable to the parent company was ¥18,635,438.53, up from ¥6,651,944.96, marking an increase of about 180% year-over-year[41] - Earnings per share (EPS) for the period was ¥0.19, compared to ¥0.09 in the previous year, indicating a 111% increase[42] Assets and Equity - The company's total assets increased by 73.24% to ¥689,737,835.50 from ¥398,130,724.12 at the end of the previous year[8] - The net assets attributable to shareholders rose by 85.03% to ¥650,788,012.33 from ¥351,718,709.23 at the end of the last year[8] - The total equity attributable to shareholders of the parent company was ¥650,788,012.33, up from ¥351,718,709.23 year-over-year[38] - The company's equity increased significantly, with the share capital rising to CNY 100,000.00 million from CNY 75,000.00 million[37] Cash Flow - The company reported a net cash flow from operating activities of ¥3,059,498.77, a decrease of 23.88% compared to ¥4,019,237.43 in the previous year[8] - Cash flow from operating activities generated a net amount of ¥3,059,498.77, down from ¥4,019,237.43 in the previous period[44] - The cash flow from operating activities showed a net decrease of ¥5,839,883.06, a reduction of 82.98% from the previous year's decrease of ¥34,319,165.58, primarily due to lower debt repayments last year[19] - The total cash inflow from financing activities amounted to 305,950,000.00 CNY, while cash outflow was 27,984,459.32 CNY, resulting in a net cash flow of 277,965,540.68 CNY[45] - The ending balance of cash and cash equivalents was 25,341,634.82 CNY, down from 31,181,517.88 CNY at the beginning of the period[45] Operating Costs and Expenses - Operating costs increased to ¥92,638,680.84, reflecting a 127.84% rise from ¥40,659,102.40, in line with the growth in operating revenue[18] - Research and development expenses rose to ¥3,440,264.68, a 43.98% increase from ¥2,389,342.40, as previous pandemic-related project suspensions were lifted[18] - The company reported a total operating cost of ¥99,647,113.46, which is an increase from ¥44,887,715.92 in the previous period[39] - The company experienced a 279.22% increase in income tax expenses, amounting to ¥2,510,365.85, compared to ¥661,976.99 in the previous year, driven by substantial revenue and profit growth[18] Investment Activities - The company reported a net cash outflow from investment activities of ¥286,865,117.44, a significant increase of 3953.32% compared to the previous year's outflow of ¥7,077,282.23, due to investments in financial products following the company's IPO[19] - The total amount of raised funds for the quarter is CNY 28,043.39 million[27] - The cumulative amount of raised funds for investment projects is CNY 47,068.59 million, with CNY 28,043.39 million invested in the current report period[27] - The investment progress for the annual production of 70,000 tons of alternative imported iron and copper-based new materials is 13.24%[27] Market and Operations - The overall market demand for the company's products has increased, leading to a substantial rise in order volume compared to the previous year[20] - The company maintained stable relationships with its top five suppliers and customers, with changes in ranking but no new significant partnerships[22][23] - The company has not reported any significant changes in its core technology team or major risks affecting operations during the reporting period[24][25] - The company has no significant changes in project feasibility during the reporting period[29] - There are no violations of external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[30] Other Information - The company issued 25 million new shares, increasing the paid-in capital by 33.33% to ¥100,000,000.00[16] - The company’s trading financial assets reached ¥277,580,000.00, attributed to the listing and idle fundraising management[16] - The first quarter report was not audited, which may affect the reliability of the financial data presented[47]

Financial Performance - The company's operating revenue for 2020 was CNY 339,338,815.92, representing an increase of 11.07% compared to CNY 305,515,551.08 in 2019[18]. - The net profit attributable to shareholders for 2020 was CNY 63,691,395.36, up 7.77% from CNY 59,100,457.42 in 2019[18]. - The company's total assets at the end of 2020 were CNY 398,130,724.12, a 4.53% increase from CNY 380,883,146.21 at the end of 2019[18]. - The basic earnings per share for 2020 was CNY 0.85, reflecting a 7.59% increase from CNY 0.79 in 2019[18]. - The company's cash and cash equivalents decreased by 47.24% in 2020 compared to 2019 due to repayment of bank loans[47]. - The company's financial performance indicates a stable growth trajectory, supporting its dividend distribution strategy[126]. Dividend Distribution - The company plans to distribute a cash dividend of 1 RMB per 10 shares to all shareholders, based on a total share capital of 100 million shares[5]. - The cash dividend represents 15.70% of the net profit attributable to ordinary shareholders, which is 63,691,395.36 yuan for the year 2020[128]. - The total distributable profit available for shareholders is 57,322,255.82 yuan, with a cumulative distributable profit of 123,136,035.48 yuan as of December 31, 2020[127]. - The company has maintained a consistent dividend policy, with a minimum cash dividend ratio of 20% during its growth phase[126]. - The company plans to distribute cash dividends of 1.00 CNY per 10 shares, totaling 10 million CNY, while retaining undistributed profits for future allocation[123]. Research and Development - The company has increased its R&D investment, emphasizing technological innovation to enhance core competitiveness[42]. - The company has established a strong R&D team with 36 technical personnel, including 2 PhDs and 3 senior engineers, to drive innovation[52]. - The company invested in 3 new R&D projects and completed 6 projects, successfully applying for 1 provincial-level new product[65]. - The company’s R&D expenses for 2020 were ¥12,062,756.44, an increase of 11.85% from ¥10,784,806.27 in 2019[88]. - The company has invested in research for new metal powder applications, including magnetic powders and 3D printing, to enhance its technological capabilities[39]. Market Position and Strategy - The company has established partnerships with major players in the metal powder industry, enhancing its market position[10]. - The company is focusing on expanding its market presence and developing new technologies in powder metallurgy[11]. - The company has established long-term partnerships with major clients such as Dongmu Co., Ltd. and Wuxi Hengteli Metal Products Co., Ltd., enhancing its risk resistance capabilities[56]. - The company is focused on maintaining compliance with regulations set by the China Securities Regulatory Commission and the Shenzhen Stock Exchange[133]. - The company plans to diversify its product line, moving into high-performance pure iron powder and expanding into metal soft magnetic materials and copper-based powders[106]. Risk Management - The company emphasizes the importance of risk awareness in its future business outlook, highlighting potential challenges[5]. - The company faces risks from market demand fluctuations, particularly in sectors like transportation and home appliances, which are sensitive to economic conditions[115]. - The company is exposed to raw material price volatility, as its product prices are linked to the market prices of scrap steel[116]. - The company recognizes innovation risks due to the evolving requirements in the metal powder industry, which may affect its product competitiveness[118]. Corporate Governance - The company maintains a governance structure that includes a shareholders' meeting, board of directors, supervisory board, and management team to protect shareholder rights, especially for minority shareholders[163]. - The company has committed to strictly fulfilling the promises disclosed in the prospectus, with any unfulfilled commitments leading to public explanations and apologies to shareholders[134]. - The management team, including directors and supervisors, will also be held accountable for fulfilling their commitments as stated in the prospectus[134]. - The company has established a lock-up period for shares held by its executives and major shareholders[132]. Environmental and Social Responsibility - The company emphasizes environmental protection and adheres to national laws, with no penalties for violations reported during the reporting period[171]. - The company actively engages in social responsibility initiatives, supporting education and disaster relief efforts, particularly during the pandemic[169].