Revenue and Profitability - Revenue for Q1 2021 reached ¥215,095,870, an increase of 42.29% compared to ¥151,168,359.30 in the same period last year[9] - Net profit attributable to shareholders decreased by 7.67% to ¥10,372,825.11 from ¥11,234,803.08 year-on-year[10] - The company's operating revenue for Q1 2021 was RMB 215,095,870, representing a 42.29% increase compared to RMB 151,168,359.30 in Q1 2020[21] - The net profit attributable to shareholders was 10.37 million yuan, a decrease of 7.67% year-on-year, primarily due to currency fluctuations and rising raw material prices[24] - The total comprehensive income for Q1 2021 was CNY 10,375,145.11, down from CNY 11,234,803.08 in the same period last year[52] - The company reported a net profit warning for the year-to-date period, indicating potential losses or significant changes compared to the same period last year[33] Cash Flow and Financial Position - Net cash flow from operating activities was negative at ¥-35,257,340.74, a decline of 359.48% compared to ¥13,587,917.16 in the previous year[9] - The company's net cash flow from operating activities was -RMB 35,257,340.74, a decrease of 359.48% compared to RMB 13,587,917.16 in Q1 2020[22] - Cash flow from operating activities showed a net outflow of CNY -35,257,340.74, compared to a net inflow of CNY 13,587,917.16 in the same period last year[59] - The ending balance of cash and cash equivalents was CNY 137,023,911.64, up from CNY 127,324,502.83 at the end of Q1 2020[60] - The company raised CNY 743,600,000.00 through financing activities, compared to CNY 45,116,250.00 in the same period last year[60] Assets and Liabilities - Total assets increased by 117.34% to ¥1,333,806,158.75 from ¥613,698,159.37 at the end of the previous year[11] - The total assets increased significantly, with trading financial assets rising by 1,200.73% to RMB 686,534,675.93 from RMB 52,780,898.29 at the end of 2020[21] - The total liabilities as of March 31, 2021, were 218.42 million yuan, compared to 202.52 million yuan at the end of 2020, indicating an increase of approximately 7.9%[42] - The company's total liabilities rose from approximately ¥202.52 million to ¥209.39 million, with non-current liabilities increasing by ¥6.87 million due to the recognition of lease liabilities[67] Shareholder and Equity Information - Net assets attributable to shareholders rose by 171.27% to ¥1,115,383,819.37 from ¥411,177,542.18 at the end of the previous year[11] - The total equity attributable to shareholders remained stable at approximately ¥411.18 million[67] - The total number of shareholders at the end of the reporting period was 20,894[16] Operational Insights - The company experienced significant growth in domestic sales, although the gross margin for domestic sales was lower than that for exports, impacting overall net profit[10] - The increase in personnel and related costs, along with intermediary consulting fees due to the IPO, contributed to the decline in net profit[10] - The company launched new industrial IoT human-machine interface products, which contributed to revenue growth[9] - The company maintained good strategic partnerships with major clients despite rising material costs due to international supply-demand dynamics[10] - The company plans to enhance profitability through smart production line upgrades and effective use of raised funds[26] - The company aims to expand its business layout and enhance profitability through orderly project construction and compliance with market demands[26] Research and Development - Research and development expenses rose by 34.18% to RMB 9,875,049.42, reflecting the company's commitment to innovation and resource allocation[22] - Research and development expenses for the quarter were CNY 9,875,049.42, an increase from CNY 7,359,794.16 in Q1 2020[50] IPO and Financing Activities - The company raised RMB 743,600,000 through its initial public offering, contributing to a net cash flow from financing activities of RMB 694,988,000, a 2,209.41% increase[22] - The company raised 693.83 million yuan through its IPO, with 61.16 million yuan invested in the current quarter[31] - The company raised 196.84 million yuan from its initial public offering, with the funds currently under planning and not yet utilized[32] Compliance and Governance - The company did not engage in any repurchase transactions among its top shareholders during the reporting period[19] - There were no instances of non-operating fund occupation by controlling shareholders or related parties during the reporting period[34] - The company has not engaged in any research, communication, or interview activities during the reporting period[35] - The first quarter report for 2021 was not audited[71]

Financial Performance - The company's operating revenue for 2020 was ¥824,064,138.71, representing a 2.85% increase compared to ¥801,254,947.72 in 2019[18]. - The net profit attributable to shareholders for 2020 was ¥83,344,899.90, a decrease of 3.70% from ¥86,546,816.14 in 2019[18]. - The net profit after deducting non-recurring gains and losses was ¥63,688,009.45, down 14.39% from ¥74,392,855.37 in 2019[18]. - The net cash flow from operating activities was ¥77,121,316.81, a significant decline of 48.48% compared to ¥149,677,520.14 in 2019[18]. - The total assets at the end of 2020 amounted to ¥613,698,159.37, reflecting a 17.58% increase from ¥521,960,490.98 at the end of 2019[18]. - The net assets attributable to shareholders increased by 25.30% to ¥411,177,542.18 from ¥328,156,828.49 in 2019[18]. - The basic earnings per share for 2020 were ¥1.39, a decrease of 3.47% from ¥1.44 in 2019[18]. - The weighted average return on equity was 22.56%, down from 29.45% in 2019, indicating a decline of 6.89%[18]. - The overall gross margin for 2020 was 24.59%, a decrease of 2.70 percentage points from the previous year, primarily due to changes in revenue structure and increased raw material costs[65]. Revenue Breakdown - The company's total revenue for Q1, Q2, Q3, and Q4 was approximately ¥151.17 million, ¥222.71 million, ¥225.97 million, and ¥224.22 million respectively, showing a steady increase in revenue throughout the year[21]. - The net profit attributable to shareholders for the same quarters was ¥11.23 million, ¥23.60 million, ¥26.72 million, and ¥21.79 million, indicating a significant growth in profitability, particularly in Q3[21]. - The revenue from color LCD modules reached CNY 318.4193 million, a year-on-year increase of 23.63%, driven by growing demand in various applications[65]. - The revenue from capacitive touch screens was CNY 150.9604 million, a year-on-year increase of 2.49%, with expectations for rapid growth in related business areas[65]. - The revenue from monochrome LCD modules decreased by 19.06% to ¥193,322,822.69, while the revenue from color LCD modules increased by 23.63% to ¥318,419,273.90[67]. - Domestic revenue grew by 13.73% to ¥375,693,181.40, while international revenue decreased by 4.79% to ¥448,370,957.31[67]. Research and Development - The company is focusing on R&D projects including automotive automatic dimming liquid crystal valves and 5G communication wavelength selectors, with expected progress[49]. - The company invested CNY 38.8951 million in R&D, accounting for 4.72% of its revenue, maintaining a high level compared to peers[59]. - The company is developing a gesture recognition LCD display module to enhance user interaction while minimizing contact, with sample development planned for 2021[61]. - The company has increased its R&D investment to enhance technological innovation and product development, aiming to meet rising customer demands[110]. - The company plans to increase R&D investment in new display technologies, including automotive applications and 5G communication devices[104]. Market Position and Strategy - The company is focusing on expanding its product line to include embedded display control systems and new technologies such as laser radar LCD valves for autonomous driving[28]. - The company aims to enhance its market position by developing integrated solutions for human-machine interaction and smart control products[28]. - The company operates primarily in the manufacturing sector, specifically in the production of LCD and touch control products for various industries including industrial control and automotive electronics[34]. - The company has established long-term partnerships with renowned clients such as Omron, HP, Siemens, and GE, enhancing its market competitiveness[45]. - The company is actively expanding into high-growth industries such as industrial control, IoT, healthcare, and automotive electronics, increasing market share[57]. Risk Management - The company has outlined potential risks and strategies for future development in its annual report, emphasizing the importance of investor awareness regarding these risks[5]. - The company faces risks from intense market competition and potential fluctuations in foreign exchange rates due to its significant export activities[106][107]. - The company faces risks related to fluctuations in raw material prices, which significantly impact production costs and profitability[109]. Shareholder and Dividend Policy - The company plans to distribute a cash dividend of ¥5 per 10 shares, totaling ¥40,000,000 based on 80,000,000 shares[6]. - The cash dividend distributed in 2020 accounted for 47.99% of the net profit attributable to shareholders, with a total distributable profit of CNY 166.10 million[119]. - The company reported a net profit of CNY 73.90 million for the year 2020, with a profit distribution plan proposing a cash dividend of CNY 5.00 per 10 shares, totaling CNY 40 million[116]. - The company has committed to maintaining a stable profit distribution policy, ensuring that cash dividends will not be less than 20% of the distributable profits achieved in the year[122]. - The company plans to implement cash dividends annually after the shareholders' meeting, with the possibility of mid-term cash dividends based on profitability and funding needs[122]. Corporate Governance - The company has established a robust management system that includes quality management certifications such as IATF16949:2016 and ISO9001:2015, ensuring efficient operations[33]. - The company emphasizes the importance of protecting investor rights and has revised its articles of association to reflect a proactive profit distribution policy[122]. - The company has committed to avoiding competition with its controlling shareholder and actual controller, ensuring no direct or indirect engagement in competing activities[124]. - The company’s board of directors may increase holdings if the stock price exceeds the net asset value for five consecutive trading days[125]. 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[127]. - Future guidance includes a target of achieving 1 billion RMB in net profit by the end of the next fiscal year, reflecting a 15% increase from the current year[128]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[127]. - A strategic acquisition of a smaller tech firm is in progress, which is anticipated to enhance the company's technological capabilities and market reach[128].