Financial Performance - The company's operating revenue for Q3 2021 was ¥176,439,688.24, a decrease of 3.78% compared to the same period last year[3] - The net profit attributable to shareholders was ¥4,820,432.02, down 57.47% year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥4,230,897.92, a decline of 59.89% compared to the previous year[3] - Total operating revenue for the third quarter of 2021 reached CNY 453,468,237.78, an increase of 7.99% compared to CNY 423,110,425.64 in the same period last year[20] - The net profit for Q3 2021 was CNY 21,440,637.42, an increase of 10.9% compared to CNY 19,314,654.79 in Q3 2020[21] - Operating profit for Q3 2021 reached CNY 23,669,787.38, up from CNY 20,126,822.42 in the same period last year, reflecting a growth of 12.1%[21] - The company reported a total comprehensive income of CNY 21,440,637.42 for Q3 2021, compared to CNY 19,314,654.79 in Q3 2020, reflecting an increase of 11.0%[22] - Basic and diluted earnings per share for Q3 2021 were both CNY 0.23, slightly down from CNY 0.24 in the same quarter last year[22] Assets and Liabilities - The company's total assets increased by 38.70% to ¥1,457,108,289.61 compared to the end of the previous year[4] - Total assets increased to CNY 1,457,108,289.61 from CNY 1,050,528,439.96, indicating a growth of 38.69%[18] - Total liabilities rose to CNY 718,489,845.91, up from CNY 491,272,685.91, reflecting a year-over-year increase of 46.24%[18] - Total liabilities increased, indicating potential leverage for future investments and expansions[27] - Total liabilities reached CNY 491.27 million, with current liabilities at CNY 478.13 million[30] Equity and Shareholder Information - The equity attributable to shareholders increased by 32.09% to ¥738,236,573.63 compared to the end of the previous year[4] - The company's equity attributable to shareholders increased to CNY 738,236,573.63 from CNY 558,880,508.75, a growth of 32.16%[18] - The number of ordinary shareholders at the end of the reporting period was 18,307[11] Cash Flow and Financing - The cash flow from operating activities showed a net outflow of ¥83,351,276.00, a decrease of 347.02% compared to the same period last year[10] - The cash flow from operating activities showed a net outflow of CNY -83,351,276.00, a significant decline from a net inflow of CNY 33,742,177.34 in Q3 2020[26] - The company's cash and cash equivalents decreased to CNY 103,330,501.40 from CNY 163,037,732.91, representing a decline of 36.67%[16] - Cash and cash equivalents at the end of Q3 2021 were CNY 47,875,330.57, a decrease from CNY 141,486,045.80 at the end of Q3 2020[26] - The company raised ¥156,861,650.45 from financing activities, a significant increase of 2397.99% compared to the previous year[10] - The company raised CNY 178,210,000.00 from investment activities during the quarter, compared to CNY 50,000,000.00 in the previous year[26] Inventory and Expenses - The company reported a significant increase in inventory, which rose by 84.92% to ¥644,853,774.49, attributed to business scale growth[7] - Inventory levels rose significantly to CNY 644,853,774.49, compared to CNY 348,715,221.35, marking an increase of 84.94%[16] - The company's management expenses increased by 32.08% to ¥34,063,045.96, mainly due to increased hospitality and IPO-related expenses[9] - Research and development expenses increased to CNY 17,536,840.71, compared to CNY 14,587,400.06 in Q3 2020, marking a rise of 20.1%[21] Future Outlook and Strategic Focus - 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[20] - The company has not undergone an audit for the third quarter report, which may affect investor confidence[32] - The company is implementing new leasing standards, which may impact future financial reporting[32]

Financial Performance - The company reported a revenue of 100 million RMB for the first half of 2021, representing a year-on-year increase of 20% compared to the same period in 2020[18]. - The gross profit margin for the first half of 2021 was 35%, an increase of 5 percentage points from the previous year[18]. - The company's operating revenue for the reporting period was ¥277,028,549.54, representing a 15.55% increase compared to the same period last year[24]. - The net profit attributable to shareholders was ¥16,613,580.63, reflecting a significant growth of 106.92% year-over-year[24]. - The net profit after deducting non-recurring gains and losses was ¥15,428,984.44, which is a 133.34% increase from the previous year[24]. - Future performance guidance suggests a revenue growth target of 25% for the second half of 2021[18]. - The total profit for the reporting period was CNY 18,901,193.26, which is a significant increase of 132.76% from CNY 8,120,592.23 in the previous year, attributed to a lower base from accounts receivable impairment[69]. - The total comprehensive income for the first half of 2021 was CNY 20,702,712.85, compared to CNY 13,421,978.11 in the same period of 2020, representing a year-over-year increase of approximately 54.7%[172]. Investment and R&D - The company plans to invest 50 million RMB in research and development for new energy-saving technologies in the upcoming year[18]. - Research and development expenses increased by 37.88% to CNY 10,341,851.68 from CNY 7,500,424.65, indicating a focus on innovation and product development[69]. - The company is accelerating the construction of energy-saving insulation board projects and a new materials R&D center, which will alleviate production capacity bottlenecks and enhance product differentiation[48]. - The company has a mature R&D team with 72 technical personnel, accounting for 15.19% of total employees, and holds 58 domestic patents[67]. Market Strategy and Expansion - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 10% market share by the end of 2022[18]. - The company is exploring potential mergers and acquisitions to enhance its product offerings and market presence[18]. - The company aims to expand its product line and application areas, creating new profit growth points through strategic project implementations[48]. Operational Efficiency - The company’s production model is based on "sales-driven production," ensuring efficient production planning and execution[42]. - The company has established partnerships with leading refrigeration equipment suppliers and cold chain logistics operators, enhancing its market position[46]. - The company has introduced advanced automated production lines from Italy and Germany, significantly improving product quality and efficiency[56]. Financial Stability and Risks - The company reported a negative net cash flow from operating activities of ¥20,888,442.15, a decline of 404.61% year-over-year[24]. - The company is closely monitoring macroeconomic trends and industry policy changes to mitigate risks associated with economic fluctuations[98]. - The management has identified risks related to raw material price fluctuations and is implementing measures to mitigate these risks[6]. - The company has implemented measures to strengthen accounts receivable management and optimize customer credit ratings to reduce financial risks[99]. Shareholder Information - No cash dividends or stock bonuses will be distributed to shareholders for the current fiscal year[7]. - The total number of shares increased from 81 million to 108 million, with the issuance of 27 million new shares[138]. - The largest shareholder, Changzhou Jingxue Investment Management Co., Ltd., holds 34.51% of the shares, amounting to 37,270,530 shares[143]. Compliance and Legal Matters - There were no significant environmental violations or penalties reported during the period, reflecting compliance with environmental regulations[110]. - The company has not faced any major litigation or arbitration matters during the reporting period, suggesting a stable legal standing[119]. - The company reported a litigation case involving a shareholder contribution dispute with a claim amount of 2.1775 million yuan, with a favorable ruling received on March 22, 2021[120]. Cash Flow and Liquidity - The company's cash and cash equivalents increased to CNY 118,493,520.40 from a decrease of CNY -1,647,550.91 in the previous year, driven by the inflow of raised funds[69]. - The cash flow from financing activities was positive at CNY 177,406,996.89, reflecting successful fundraising efforts[69]. - The ending balance of cash and cash equivalents was CNY 265,969,359.60, up from CNY 121,743,868.73 at the end of the first half of 2020, marking an increase of approximately 118.5%[177]. Inventory and Accounts Receivable - The company's inventory value reached CNY 501.62 million, accounting for 42.52% of current assets, indicating a significant increase due to expanding operational scale and long production cycles for customized products[100]. - Accounts receivable, including contract assets, amounted to CNY 255.64 million, accounting for 18.23% of total assets as of the reporting period end[99].