Financial Performance - The company's operating revenue for Q1 2021 was ¥313,947,439.51, representing an increase of 82.56% compared to ¥171,966,359.39 in the same period last year[7]. - The net profit attributable to shareholders for Q1 2021 was ¥31,305,582.12, a significant increase of 159.18% from ¥12,078,717.95 in the previous year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥31,465,159.78, up 194.76% from ¥10,674,950.02 year-on-year[7]. - The basic earnings per share for Q1 2021 was ¥0.10, reflecting a 150.00% increase from ¥0.04 in the same period last year[7]. - The total operating revenue for the first quarter of 2021 was CNY 313,947,439.51, an increase of 82.6% compared to CNY 171,966,359.39 in the same period last year[34]. - Net profit attributable to shareholders reached 31,305,582.12 yuan, a significant increase of 159.18% year-on-year[16]. - The total profit for Q1 2021 was CNY 34,794,215.10, a significant increase from CNY 13,821,587.25 in the same period last year[38]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,694,141,032.12, a decrease of 6.57% from ¥1,813,200,920.32 at the end of the previous year[7]. - The total liabilities decreased from CNY 644,249,239.83 to CNY 493,883,769.51, a decline of about 23.4%[27]. - The total assets decreased from CNY 1,813,200,920.32 at the end of 2020 to CNY 1,694,141,032.12 by March 31, 2021, reflecting a reduction of approximately 6.6%[28]. - The total liabilities increased to CNY 653,603,089.49, up from CNY 644,249,239.83 at the end of the previous year[51]. - The current liabilities decreased from CNY 642,020,178.98 to CNY 487,907,958.40, a decline of approximately 24.0%[27]. Cash Flow - The net cash flow from operating activities for Q1 2021 was ¥157,077,497.88, down 22.23% from ¥201,968,317.42 in the same period last year[7]. - The cash and cash equivalents at the end of the reporting period amounted to 521,157,251.82 yuan, an increase of 30.78% from the end of the previous year[24]. - The cash inflows from operating activities totaled CNY 638,660,653.74, an increase from CNY 470,285,760.33 in the same quarter last year[43]. - The cash outflow from operating activities totaled CNY 482,864,146.15, an increase of 81% compared to CNY 266,956,258.74 in the previous year[46]. - The net cash flow from investing activities was -CNY 49,545,531.87, showing a significant improvement from -CNY 84,738,927.07 in the same quarter last year[48]. Shareholder Information - The company reported a total of 13 ordinary shareholders at the end of the reporting period[10]. - The largest shareholder, Huizhou Huifengbao Equity Investment Partnership, held 40.07% of the shares, totaling 124,213,228 shares[10]. - The company did not conduct any repurchase transactions during the reporting period[11]. Expenses - The company reported a significant increase in sales expenses by 144.21% to 5,998,538.18 yuan, attributed to the normalization of operations after the pandemic[24]. - The company’s financial expenses increased by 101.34% to 45,114.80 yuan, mainly due to changes in exchange gains and losses[24]. - Research and development expenses amounted to CNY 23,861,518.70, up from CNY 19,879,297.73, indicating a focus on innovation[38]. - The total operating costs for Q1 2021 were CNY 285,147,967.97, which is a 71.5% increase from CNY 166,266,735.88 in the previous year[35]. Other Financial Metrics - The company incurred credit impairment losses of CNY 13,661,904.64, compared to CNY 10,035,628.63 in the previous year, reflecting potential challenges in asset quality[38]. - The company received tax refunds amounting to CNY 18,363,976.04, compared to CNY 4,567,807.09 in the previous year, indicating improved cash flow management[43]. - The company’s investment income dropped to zero, a 100% decrease, as no financial products were undertaken during the reporting period[24]. - The company reported a gross profit margin of approximately 23.9% for Q1 2021, compared to 24.0% in Q1 2020[35].

Financial Performance - The company's operating revenue for 2020 was ¥1,758,288,441.32, representing a 42.55% increase compared to ¥1,233,451,029.89 in 2019[18]. - The net profit attributable to shareholders for 2020 was ¥172,945,298.31, a 46.43% increase from ¥118,111,138.21 in 2019[18]. - The net cash flow from operating activities increased by 71.21% to ¥270,967,851.99 in 2020, up from ¥158,266,353.32 in 2019[18]. - The total assets at the end of 2020 were ¥1,813,200,920.32, a 30.46% increase from ¥1,389,870,512.86 at the end of 2019[18]. - The company achieved a basic earnings per share of ¥0.56 in 2020, up 47.37% from ¥0.38 in 2019[18]. - The weighted average return on equity for 2020 was 15.98%, an increase of 3.37% from 12.61% in 2019[18]. - The total profit for the year was CNY 197.29 million, an increase of 49.08% compared to the previous year[57]. - The net profit attributable to the parent company was CNY 172.95 million, up 46.43% year-on-year, with a basic earnings per share of CNY 0.56, reflecting a 47.37% increase[57]. - The gross profit margin improved to 26.50%, up 4.18% from the previous year[68]. - The company reported a significant increase in sales costs, which rose by 38.29% to ¥1.26 billion, mainly due to increased revenue[71]. Research and Development - The company focuses on the R&D of precision structural components and molds for smart terminals, with an emphasis on high-precision molds and multi-functional products[26]. - The company increased its R&D investment from CNY 75.59 million in 2019 to CNY 104.52 million in 2020, marking a growth of 38.26%[62]. - The total number of R&D personnel increased to 466, representing 10.01% of the workforce[77]. - The company has a strong R&D capability, with multiple industry-leading core technologies in precision structure manufacturing[43]. - The company plans to enhance its R&D capabilities by expanding its R&D center and improving its technological innovation system, focusing on CMF innovation technology and structural functional innovation technology[91]. Market Expansion and Strategy - The global smartphone shipment is projected to reach 1.47 billion units by 2024, with a compound annual growth rate (CAGR) of 3.3% from 2020 to 2024[37]. - In 2020, the global wearable device shipment reached 448 million units, representing a growth of 28.4% compared to 2019, with an expected CAGR of 8.98% from 2020 to 2024[39]. - The global smart home device shipment was 656 million units in 2018 and is expected to exceed 1.4 billion units by 2025, with a CAGR of 12.2% from 2021 to 2025[38]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share within the next three years[110]. - The company is actively pursuing market expansion, targeting Southeast Asia and Europe, with plans to establish two new distribution centers by the end of the year[159]. Shareholder and Financial Policies - The company reported a plan not to distribute cash dividends, issue bonus shares, or increase capital from reserves[6]. - The company has no plans for profit distribution or capital reserve conversion to share capital for the reporting period[102]. - The total cash dividend amount for 2020 was 0.00, representing 0.00% of the net profit attributable to ordinary shareholders[105]. - The company plans to use undistributed profits primarily for increasing equipment investment and external investments to support future development[106]. - The company’s financial strategy focuses on reinvestment rather than cash distribution to shareholders[106]. Governance and Compliance - The company’s financial report is guaranteed to be true, accurate, and complete by the board of directors and senior management[4]. - The company has fulfilled all commitments made by actual controllers, shareholders, and related parties during the reporting period[107]. - The company adheres to strict governance practices in compliance with relevant laws and regulations, ensuring independent operation from controlling shareholders[200]. - The board of directors has established specialized committees, including an audit committee and a compensation and assessment committee, to enhance governance[200]. Operational Efficiency - The company implements lean production management, achieving high production plan completion rates to meet customer delivery demands[48]. - The company aims to enhance operational efficiency by implementing advanced manufacturing technologies, aiming for a 10% reduction in production costs[113]. - The company has established a comprehensive quality management system, enhancing its competitive edge in the market[50]. Social Responsibility - The company actively engaged in social responsibility initiatives, including supporting COVID-19 prevention efforts and donating masks to local organizations[146]. - The company is not classified as a key pollutant discharge unit by environmental protection authorities[150].