Financial Performance - The company's operating revenue for Q3 2021 was ¥371,222,641.17, representing a year-on-year increase of 38.24%[3] - The net profit attributable to shareholders for the same period was ¥21,313,782.29, up 25.18% year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥20,111,884.15, an increase of 32.25% compared to the previous year[3] - The net profit for Q3 2021 was CNY 55,569,695.25, an increase of 29.6% compared to CNY 42,867,317.78 in Q3 2020[20] - Operating profit reached CNY 61,970,487.39, up from CNY 52,478,935.57, reflecting a growth of 18.9% year-over-year[20] - The company reported a total comprehensive income of CNY 50,261,623.70, compared to CNY 39,490,156.14 in the previous year, indicating an increase of 27.2%[21] Assets and Liabilities - The total assets at the end of the reporting period reached ¥1,253,292,660.46, reflecting a 59.11% increase from the end of the previous year[3] - Total assets reached CNY 1,253,292,660.46, a significant increase from CNY 787,688,639.05, representing a growth of 59.1%[17] - Total liabilities increased to CNY 380,007,916.40, compared to CNY 312,142,475.70, reflecting a rise of 21.8%[17] - Total liabilities were approximately ¥312.14 million, with a notable increase of ¥27.06 million compared to the previous period[28] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥35,191,027.74, a decrease of 142.82% year-to-date[3] - Cash flow from operating activities showed a net outflow of CNY 35,191,027.74, contrasting with a net inflow of CNY 82,174,931.81 in Q3 2020[23] - The company experienced a net cash inflow from financing activities of CNY 353,111,016.85, compared to a net outflow of CNY 15,521,673.99 in the previous year[24] Equity - The company’s total equity attributable to shareholders rose to ¥853,576,360.91, an increase of 86.93% compared to the previous year[4] - Shareholders' equity rose to CNY 873,284,744.06, up from CNY 475,546,163.35, indicating a growth of 83.6%[17] Research and Development - The company reported a significant increase in research and development expenses by 61.66%, indicating a focus on innovation[9] - Research and development expenses increased to CNY 44,146,278.49, a rise of 61.5% from CNY 27,308,543.99 in the previous year[20] Revenue and Costs - Total operating revenue for the third quarter of 2021 reached CNY 1,013,953,918.78, an increase of 44.7% compared to CNY 700,525,422.71 in the same period last year[19] - Total operating costs amounted to CNY 947,188,216.75, up 46.2% from CNY 648,066,297.96 year-on-year[19] - Total revenue from operating activities was CNY 1,065,270,406.94, compared to CNY 800,030,663.54 in the same period last year, marking a growth of 33.1%[23] Market and Product Development - The company is focusing on expanding its market presence and enhancing product development, although specific new products or technologies were not detailed in the provided content[19] Accounting and Reporting - The report for Q3 2021 was not audited, indicating that the figures may be subject to further review[31] - The company has adopted the revised accounting standard for leases, impacting the recognition of right-of-use assets and lease liabilities[30]

Financial Performance - The company reported a revenue of 1.5 billion RMB for the first half of 2021, representing a year-on-year increase of 20%[1] - The net profit attributable to shareholders was 300 million RMB, up 15% compared to the same period last year[1] - The company's operating revenue for the reporting period was ¥642,731,277.61, representing a 48.78% increase compared to ¥431,995,220.50 in the same period last year[23] - The net profit attributable to shareholders was ¥33,065,994.29, up 34.83% from ¥24,524,189.55 year-on-year[23] - The company achieved a revenue of 643 million CNY in the first half of 2021, representing a year-on-year growth of 48.78%[62] - The net profit for the same period was 33.07 million CNY, an increase of 34.83% compared to the previous year[62] - The total operating revenue for the first half of 2021 reached ¥642,731,277.61, a 48.7% increase from ¥431,995,220.50 in the same period of 2020[188] - Net profit for the first half of 2021 was ¥33,763,333.56, representing a 33.8% increase compared to ¥25,244,421.88 in the first half of 2020[190] Research and Development - The company plans to invest 200 million RMB in R&D for new product development in the next fiscal year[1] - The company's R&D investment increased by 51.78% to ¥25.37 million, aimed at enhancing core competitiveness and meeting customer demands[82] - R&D expenses increased by 51.78% year-on-year to approximately 25.37 million in the first half of 2021, indicating a commitment to innovation and technology development[117] - The company has established a multi-layered R&D system for molds and products, enhancing product quality stability and market competitiveness through advanced facilities and technologies[74] - The company holds 17 invention patents and 104 utility model patents, showcasing its strong R&D capabilities[73] Market Expansion and Strategy - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 30% market share by 2023[1] - The company is expanding its market presence in North America and Europe, particularly in response to the demand for power supply system upgrades post-pandemic[61] - The company is developing new automotive clients such as BASF and Sanhua, aiming to increase its market share in the electric vehicle sector[67] - The company’s strategic development plan outlines a direction for the next 15 years, aiming for a 25% penetration rate of new energy vehicles by 2025 and a reduction in average energy consumption of pure electric passenger cars to 12.0 kWh/100 km[50] Operational Efficiency - The company employs an "order-based production" model, integrating customer demand forecasts into its production planning[52] - The production system includes a complete manufacturing process from mold development to precision parts assembly, ensuring timely delivery and quality control[54] - The company has implemented lean production practices since 2012, enhancing operational efficiency and responsiveness to production anomalies[55] - The company has focused on collaborative QVE projects with clients, optimizing material usage and reducing production costs through innovative design and process improvements[76] Financial Position and Cash Flow - The company's total assets reached ¥1,229,941,670.40, a 56.15% increase compared to ¥787,688,639.05 at the end of the previous year[23] - The net assets attributable to shareholders increased by 89.22% to ¥864,026,104.43 from ¥456,627,640.05 at the end of the previous year[23] - The company reported a negative net cash flow from operating activities of ¥17,668,822.15, a decline of 159.38% compared to a positive cash flow of ¥29,755,412.84 in the previous year[23] - The company achieved a gross profit margin improvement, with sales costs rising by 54.44% to ¥530.29 million, reflecting the growth in revenue[82] - The company reported a significant increase in cash inflow from financing activities, suggesting a strategic focus on raising capital[199] Risks and Challenges - The management has identified risks related to supply chain disruptions and is implementing measures to mitigate these risks[1] - The company faced risks from fluctuations in raw material prices, particularly steel and copper, which could adversely affect gross margin and profitability if not effectively managed[118] - The overall gross margin for the first half of 2021 decreased due to rising prices of core raw materials and adjustments in transportation costs, indicating potential future volatility in profitability[120] Shareholder Information - No cash dividends or stock bonuses will be distributed to shareholders for this period[1] - The company issued 18,476,800 shares of A-shares at a price of 23.73 RMB per share, increasing total shares from 55,403,200 to 73,880,000[165] - The total number of common shareholders at the end of the reporting period is 15,803[167] - The largest shareholder, Yan Xuewei, holds 26.49% of the shares, totaling 19,567,600 shares[167] Environmental and Regulatory Compliance - The company has maintained a strong commitment to environmental regulations and has not faced any administrative penalties related to environmental issues during the reporting period[130] - The company reported no significant litigation or arbitration matters during the reporting period[144] - The half-year financial report was not audited, which may affect the reliability of the financial data presented[141]