Financial Performance - The company's operating revenue for the first half of 2021 was ¥218,330,464.60, representing a 49.43% increase compared to ¥146,111,203.42 in the same period last year[26]. - The net profit attributable to shareholders of the listed company was ¥32,940,898.90, an increase of 11.61% from ¥29,515,155.47 in the previous year[26]. - The net profit after deducting non-recurring gains and losses was ¥29,621,275.53, which is a 23.76% increase from ¥23,933,713.29 in the same period last year[26]. - The net cash flow from operating activities was ¥17,368,790.70, showing a decrease of 12.43% compared to ¥19,834,298.23 in the previous year[26]. - The total assets at the end of the reporting period were ¥700,692,266.47, a 50.62% increase from ¥465,192,448.83 at the end of the previous year[26]. - The net assets attributable to shareholders of the listed company were ¥575,260,678.31, up 48.88% from ¥386,392,070.26 at the end of the previous year[26]. - The basic earnings per share for the reporting period was ¥0.44, an increase of 12.82% from ¥0.39 in the previous year[26]. - The diluted earnings per share also stood at ¥0.44, reflecting a 12.82% increase compared to ¥0.39 in the same period last year[26]. - The weighted average return on net assets was 8.18%, a decrease of 0.57% from 8.75% in the previous year[26]. Cash Flow and Investments - The net cash flow from operating activities was ¥17,368,790.70, a decrease of 12.43% compared to the previous year[69]. - The company reported a net increase in cash and cash equivalents of ¥147,346,779.35, a significant increase of 326.40%, mainly due to the arrival of newly raised funds[69]. - The total amount of funds raised was ¥15,604.61 million, with ¥70.43 million invested during the reporting period[81]. - The company's cash and cash equivalents at the end of the reporting period amounted to ¥320,633,258.49, representing 45.76% of total assets, up from 37.25% at the end of the previous year[72]. - The company has committed a total investment of CNY 41,731.66 million for fundraising projects, with an adjusted total investment amount of CNY 15,604.61 million[82]. - The annual production base project for 10 million stainless steel vacuum insulated cups has a total committed investment of CNY 30,854.7 million, with only CNY 70.43 million invested to date, representing 0.64% of the total[82]. - The R&D testing center project has a total committed investment of CNY 5,876.96 million, with no funds invested as of the reporting period[82]. - The company has not utilized any of the raised funds as of June 30, 2021, and all funds remain in a dedicated account[84]. Business Operations and Strategy - The main business involves the research, design, production, and sales of various beverage and food containers, with a focus on stainless steel vacuum insulated products[37]. - The company primarily operates through OEM/ODM sales, with overseas sales being the main revenue source, particularly in the US market[37]. - The company has developed multiple proprietary brands, including miGo and ONE2GO, enhancing its market presence and brand synergy[48]. - The company aims to capture market opportunities by expanding its product range and enhancing brand development through both self-creation and acquisitions[48]. - The company utilizes a centralized procurement model to reduce costs and risks associated with raw material sourcing, ensuring stable supply channels[52]. - The production model is based on sales forecasts, with adjustments made according to actual market conditions[55]. - The company has established a dual-driven sales model combining OEM/ODM and proprietary brands to strengthen its competitive edge[48]. - The product line includes a variety of stainless steel vacuum insulated containers, catering to diverse consumer needs and preferences[38]. - The company emphasizes innovation in product design to meet the evolving demands of health-conscious and environmentally aware consumers[49]. - The company operates through two sales models: OEM/ODM for international brands and self-owned brand sales targeting end consumers[56]. - The company has established a stable customer base, including international brands like PMI, S'well, and Takeya, enhancing its market share in OEM/ODM production[65]. - The self-owned brand sales primarily focus on domestic markets, utilizing e-commerce, gift group purchases, supermarkets, and live streaming as key sales channels[58]. - The company has invested in advanced production equipment, including fully automated injection molding machines and intelligent laser welding machines, to improve production efficiency and product quality[62]. - The company has received multiple quality awards and certifications, including ISO9001:2015, indicating a strong commitment to quality management[63]. - The company has a robust R&D design system, with a national-level high-tech enterprise status and multiple patents, allowing for rapid product development[64]. - The company acquired the miGo brand in 2019, significantly enhancing its presence in the domestic market and achieving cross-regional growth[66]. - The company aims to strengthen its brand influence by further developing its self-owned brands, such as ONE2GO and miGo[66]. - The company’s manufacturing technology includes advanced techniques like ultra-thin stainless steel welding and vacuum dyeing, contributing to its competitive edge[60]. - The company expects its operational model to remain stable in the foreseeable future, aligning with industry development trends and its own growth needs[59]. Market Risks and Challenges - The company faces risks from unfavorable changes in overseas trade policies, particularly affecting its export sales to the U.S.[100]. - Market competition poses a risk, as consumer demands for product quality and design are increasing in both international and domestic markets[100]. - The company is exposed to operational performance volatility due to fluctuations in the RMB/USD exchange rate, impacting pricing and sales[101]. - The ongoing global pandemic may adversely affect sales, particularly in key markets like the U.S. and Europe[101]. - Raw material price fluctuations, especially for stainless steel, significantly impact production costs and profit margins[102]. - The company has a large inventory, which could affect cash flow and increase the risk of inventory devaluation[102]. Shareholder Information - The company issued 25,000,000 new shares at a price of 7.81 CNY per share, approved by the China Securities Regulatory Commission[157]. - After the issuance, the total number of shares increased to 100,000,000, with the newly issued shares accounting for 25% of the total[156]. - The proportion of restricted shares decreased to 76.29% after the issuance, with 76,288,984 restricted shares remaining[156]. - The largest shareholder, Zhejiang Jiashao Yunhua Investment Management, holds 49.22% of the shares, totaling 49,218,750 shares[161]. - The company has a total of 25,020 shareholders at the end of the reporting period[161]. - The company plans to lift restrictions on certain shares on June 25, 2024, affecting 49,218,750 shares held by major shareholders[156]. - The company has not reported any share buyback progress during the reporting period[156]. - The issuance of new shares is expected to enhance the company's capital structure and support future growth initiatives[157]. - The company has not disclosed any significant impacts on earnings per share or net asset value due to the share issuance[156]. Legal and Compliance - The company did not face any administrative penalties related to environmental issues during the reporting period[117]. - There were no significant lawsuits or arbitration matters reported during the period[129]. - The company did not engage in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[121]. - The half-year financial report has not been audited[123]. - The company has no major contracts that significantly impact profits exceeding 10% of total profit during the reporting period[142]. - There were no major guarantees or other significant contracts reported during the period[143][146]. - The company has not conducted any asset or equity acquisitions or sales during the reporting period[131][134]. - The company has no significant related party transactions during the reporting period[137].