Financial Performance - The company's revenue for Q3 2021 reached ¥140,798,218.23, representing a 48.03% increase year-over-year[4] - Net profit attributable to shareholders was ¥42,327,139.51, an increase of 87.83% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was ¥41,422,636.07, up 96.64% year-over-year[4] - Total operating revenue for the period reached CNY 374,765,098.45, a 45% increase from CNY 258,247,483.31 in the previous period[21] - Operating profit amounted to CNY 122,006,330.14, up 54% from CNY 79,194,468.05 year-over-year[22] - Net profit for the period was CNY 106,831,922.30, representing a 46% increase compared to CNY 73,088,836.66 in the same period last year[22] - The company reported a total comprehensive income of CNY 106,800,338.46, compared to CNY 72,961,407.18 in the previous year[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,165,286,151.54, a 64.30% increase from the end of the previous year[5] - Total assets increased to CNY 1,165,286,151.54 as of September 30, 2021, up from CNY 709,230,841.96 at the end of 2020, representing a growth of approximately 64.4%[19] - Total liabilities decreased slightly to CNY 59,070,423.91 from CNY 60,635,695.81, a reduction of approximately 2.6%[19] - The company has a significant increase in non-current assets, totaling CNY 393,187,272.02, up from CNY 316,261,719.09, which is an increase of approximately 24.4%[18] Equity and Shareholder Information - The company’s total equity attributable to shareholders rose to ¥1,106,215,727.63, a 70.56% increase from the previous year[5] - The total equity attributable to shareholders of the parent company increased to CNY 1,106,215,727.63 from CNY 648,595,146.15[22] - The company reported a total of 18,277 common shareholders at the end of the reporting period[14] - The top shareholder, Sun Chengzhi, holds 26.58% of the shares, totaling 35,000,000 shares[14] - Share capital increased to CNY 131,680,000.00 from CNY 98,760,000.00, representing a growth of about 33.4%[19] Cash Flow - The company's cash flow from operating activities for the first nine months was ¥80,126,630.44, a 4.86% increase compared to the same period last year[12] - Cash flow from operating activities generated a net amount of CNY 80,126,630.44, compared to CNY 76,410,539.28 in the prior period[25] - The company reported a significant increase in cash and cash equivalents, with a net increase of ¥249,148,922.44, a 660.94% rise compared to the previous year[12] - The cash and cash equivalents at the end of the period amounted to ¥508,397,723.14, up from ¥218,080,116.88 in the same period last year, reflecting a net increase of ¥249,148,922.44[26] - The total cash inflow from financing activities was ¥366,218,792, while cash outflow was ¥15,382,265.87, resulting in a net cash flow of ¥350,836,526.58, a substantial improvement from -¥14,814,000 in the previous year[26] - The net cash flow from investment activities was -¥181,378,793, compared to -¥33,047,386 in the previous year, indicating a significant increase in cash outflow[26] Research and Development - Research and development expenses increased to ¥10,314,245.17, reflecting a 29.14% rise year-over-year due to increased investment in R&D projects[11] - Research and development expenses were CNY 10,314,245.17, up from CNY 7,986,660.91, indicating a focus on innovation[21] Operational Metrics - The gross profit margin for the first nine months was impacted by a 53.61% increase in operating costs, primarily due to increased demand and order volume[11] - Earnings per share (EPS) increased to CNY 0.94, up from CNY 0.74 in the previous year[23] Other Information - The company did not adjust the beginning balance sheet items due to the new leasing standards implemented from January 1, 2021, as it did not affect the previous financial statements[27] - The third quarter report was not audited, which may impact the reliability of the financial data presented[29]

Financial Performance - The company's operating revenue for the reporting period reached ¥233,966,880.22, representing a 43.42% increase compared to ¥163,133,834.79 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was ¥64,504,782.79, up 27.60% from ¥50,553,461.78 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was ¥62,125,058.19, reflecting a 37.71% increase from ¥45,112,235.25 in the same period last year[18]. - The net cash flow from operating activities was ¥54,290,689.37, an increase of 28.87% compared to ¥42,129,235.97 in the previous year[18]. - Basic earnings per share rose to ¥0.62, a 21.57% increase from ¥0.51 in the same period last year[18]. - The company's revenue for the reporting period was approximately ¥233.97 million, representing a year-over-year increase of 43.42% due to reduced pandemic impact and increased downstream demand[50]. - Operating costs increased to approximately ¥130.19 million, a 52.10% rise compared to the previous year, primarily driven by increased orders and sales[50]. - Research and development expenses rose to approximately ¥6.29 million, reflecting a 14.28% increase as the company intensified its R&D efforts[50]. - The gross margin for the shading fabric product decreased by 0.82% to 34.90%, while the adjustable light fabric's gross margin decreased by 1.08% to 53.88%[52]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,127,762,262.09, a 59.01% increase from ¥709,230,841.96 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company were ¥1,063,862,625.74, up 64.03% from ¥648,595,146.15 at the end of the previous year[18]. - The company's total assets increased significantly, with cash and cash equivalents accounting for 47.38% of total assets, up from 36.88% the previous year[58]. - The total liabilities as of June 30, 2021, were RMB 63,899,636.35, compared to RMB 60,635,695.81 at the end of 2020, showing a slight increase of approximately 3.7%[157]. - The accounts receivable rose to RMB 45,699,364.68 from RMB 36,109,825.37, marking an increase of approximately 27%[155]. - The inventory value increased to RMB 101,482,869.60 from RMB 82,878,740.09, reflecting a growth of about 22%[155]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company completed its initial public offering in May 2021, increasing its total shares by 32,920,000 to a total of 131,680,000 shares[134]. - Major shareholders include Sun Chengzhi with a 26.58% stake (35,000,000 shares) and Shandong Yuma Baofeng Investment Co., Ltd. with a 19.74% stake (26,000,000 shares)[141]. - The lock-up period for pre-IPO restricted shares is set for 12 to 36 months depending on the shareholder[138]. - The company’s major shareholders have a lock-up period until May 24, 2024, for their pre-IPO shares[137]. Market and Industry Position - The company focuses on the research, production, and sales of functional shading materials, including blackout fabrics, adjustable light fabrics, and sunlight fabrics, which are recognized as strategic emerging industries in China[25]. - The company is recognized as a leading enterprise in the functional shading materials industry in China, with a strong emphasis on product quality and R&D capabilities[34]. - The company’s overseas sales accounted for 70% of its main business revenue, with products exported to over 70 countries and regions across six continents[31]. - The demand for functional shading products is rapidly increasing as consumers shift from decorative fabric curtains to functional shading solutions, reflecting a growing preference for brand recognition and product value[36]. - The establishment and improvement of industry standards are promoting the healthy development of the building shading industry, with multiple national and industry standards released by the Ministry of Housing and Urban-Rural Development[38]. Risk Management - The company plans to enhance its management system and optimize business processes to mitigate management risks associated with its expanding scale[87]. - The company is actively monitoring market conditions and policies to manage risks related to its fundraising projects, which are crucial for future profitability[89]. - The company has implemented measures to buffer against rising raw material prices, including price adjustments and advance procurement[90]. - The company emphasizes continuous R&D investment to develop new products that meet market demands, despite the risks associated with potential development failures[91]. Corporate Governance - The company strictly adheres to legal regulations to protect shareholder and investor rights, ensuring timely information disclosure[102]. - The company has no significant litigation or arbitration matters during the reporting period[115]. - The company has not engaged in any asset or equity acquisition or sale transactions during the reporting period[119]. - The company reported no related party debts or significant transactions during the reporting period[121][123]. Environmental and Social Responsibility - The company is not classified as a key pollutant discharge unit and has no major environmental issues during the reporting period[100]. - The company emphasizes customer and supplier rights protection, maintaining long-term cooperative relationships[101].