Financial Performance - The company's revenue for Q1 2022 was ¥44,017,247.69, representing a 6.62% increase compared to ¥41,285,319.89 in the same period last year[5]. - The net profit attributable to shareholders was -¥9,895,577.53, a decrease of 143.41% from -¥4,065,433.78 year-on-year[5]. - The company's weighted average return on equity was -1.07%, a decline of 0.35% from -0.72% in the previous year[5]. - The net profit for the first quarter of 2022 was -10,260,853.81 CNY, compared to -4,347,339.09 CNY in the same period last year, indicating a significant increase in losses[19]. - Operating profit for the first quarter was -12,021,597.21 CNY, worsening from -6,743,095.40 CNY year-over-year[19]. - The total comprehensive income attributable to the parent company was -9,895,577.53 CNY, compared to -4,065,433.78 CNY in the same period last year[20]. Cash Flow and Assets - The net cash flow from operating activities improved by 21.24%, amounting to -¥32,379,549.60 compared to -¥41,109,896.24 in the previous year[5]. - The company reported a decrease in cash and cash equivalents, with a year-end balance of RMB 210,228,012.03 compared to RMB 259,931,233.37 at the beginning of the year, a decline of about 19%[13]. - Cash flow from operating activities showed a net outflow of -32,379,549.60 CNY, an improvement from -41,109,896.24 CNY in the prior year[23]. - Cash flow from investment activities resulted in a net outflow of -28,530,167.19 CNY, compared to -119,417,445.81 CNY in the same period last year, indicating a significant reduction in cash outflow[23]. - The company reported cash and cash equivalents at the end of the period amounting to 136,434,913.75 CNY, a decrease from 179,090,048.17 CNY at the beginning of the period[24]. Operating Costs and Expenses - Total operating costs for Q1 2022 were RMB 60,660,709.36, up from RMB 49,441,004.36 in Q1 2021, indicating an increase of about 22.7%[17]. - Operating costs included RMB 37,710,921.23 in operating expenses, which rose from RMB 28,247,214.30, reflecting a significant increase of approximately 33.5%[17]. - Sales expenses rose by 44.97% year-on-year, primarily due to increased after-sales service costs[8]. - Financial expenses surged by 169.60% compared to the previous year, mainly due to higher interest expenses on borrowings[8]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,336,403,664.03, a slight increase of 0.27% from ¥1,332,824,199.73 at the end of the previous year[5]. - Total assets as of the end of Q1 2022 were RMB 1,336,403,664.03, slightly up from RMB 1,332,824,199.73 at the beginning of the year[16]. - Total liabilities increased to RMB 412,726,848.50 from RMB 398,886,530.37, reflecting an increase of approximately 3.3%[15]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,216, with the largest shareholder holding 23.45% of the shares[10]. Investment Income - Investment income doubled, increasing by 100.00% year-on-year, attributed to gains from structured deposits[9]. - The company received cash inflows from investment activities totaling 101,708,838.13 CNY, a substantial increase from 10,000,000.00 CNY in the prior year[23]. Market Strategy - The company is focusing on expanding its market presence and enhancing product development, although specific new products or technologies were not detailed in the report[17].

Dividend and Capital Management - The company plans to distribute a cash dividend of 1.00 RMB per 10 shares to all shareholders, based on a total of 155,828,704 shares[4]. - The company will increase its capital reserve by converting 5 shares for every 10 shares held by shareholders[4]. - The total distributable profit for the year is RMB 306,907,629.19, with cash dividends accounting for 100% of the profit distribution[166]. - The company plans to distribute cash dividends of RMB 1 per 10 shares, totaling RMB 15,582,870.40, based on a total share capital of 155,828,704 shares as of December 31, 2021[167]. - The company will also increase its share capital by 5 shares for every 10 shares held, resulting in a total increase of 77,914,352 shares, raising the total share capital to 233,743,056 shares[167]. Financial Performance - The company's operating revenue for 2021 was ¥433,303,369.39, a decrease of 8.65% compared to ¥474,329,471.84 in 2020[5]. - The net profit attributable to shareholders for 2021 was ¥47,965,512.41, down 43.46% from ¥84,841,088.14 in 2020[5]. - The net profit after deducting non-recurring gains and losses was ¥37,405,597.80, a decline of 52.78% from ¥79,220,871.28 in 2020[5]. - The net cash flow from operating activities was negative at -¥51,912,285.80, a decrease of 207.07% compared to ¥48,485,549.29 in 2020[5]. - The total assets at the end of 2021 were ¥1,332,824,199.73, an increase of 67.70% from ¥794,755,575.32 at the end of 2020[5]. - The net assets attributable to shareholders at the end of 2021 were ¥932,332,715.84, up 54.45% from ¥603,634,107.01 at the end of 2020[5]. - The basic earnings per share for 2021 was ¥0.35, a decrease of 52.05% from ¥0.73 in 2020[5]. - The weighted average return on equity for 2021 was 6.25%, down from 15.11% in 2020, reflecting a decline of 8.86%[5]. Research and Development - The company is positioned in the specialized equipment manufacturing sector, focusing on intelligent manufacturing equipment, which is expected to see increased demand in various industries[30]. - The company aims to leverage its technological advantages in specific fields to achieve steady growth despite being smaller in scale compared to peers[33]. - The company focuses on the research, production, and sales of automation and intelligent equipment, aiming to become a leading provider of smart manufacturing solutions in the information and communication technology sector[35]. - The company's R&D investment in 2021 was CNY 44.45 million, accounting for 10.26% of total annual revenue, reflecting a commitment to technological advancement[51]. - The company reported a significant increase in R&D expenses, which rose by 63.70% to CNY 44.45 million, reflecting a focus on new technology development[66]. - The company completed the research and development of a fully automated testing platform for terminal board-level loading, enhancing product performance and competitiveness[67]. - The company completed the development of a terminal machine charging and current testing technology, enabling fast and wireless charging capabilities[67]. - The company has established a dedicated technology for the attachment of four-curved flexible screens, enhancing core technical capabilities in this area[67]. - The company increased its R&D personnel from 126 in 2020 to 169 in 2021, representing a growth of 34.13%[72]. - R&D expenditure in 2021 amounted to ¥44,454,916.94, which is 10.26% of the total revenue, up from 5.73% in 2020, marking an increase of 4.53 percentage points[72]. Customer and Market Strategy - Major clients include well-known companies such as Huawei, Honor, Foxconn, and TCL, indicating a strong customer base in the mobile smart terminal and OLED flexible screen sectors[35]. - The company plans to develop high-value-added medium and high-voltage products and high-frequency microwave products, with a focus on customized product offerings rather than merely increasing production capacity[35]. - The company aims to strengthen its core technology capabilities through ongoing research and development initiatives in various fields, including 5G technology[72]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% market share by 2025[140]. - A strategic acquisition of a local competitor is in progress, which is expected to enhance the company's production capacity by 40%[140]. - The company plans to adopt a large customer strategy to enhance customer loyalty and satisfaction while developing standardized models for small and medium-sized clients[107]. Governance and Compliance - The company has established a governance structure that complies with relevant laws and regulations, ensuring independent operation of its board and committees[124]. - The board consists of 7 members, including 3 independent directors, and operates under established rules and regulations[127]. - The company maintains independence from its controlling shareholders, ensuring complete autonomy in operations and decision-making[132]. - The company emphasizes transparency and timely information disclosure, utilizing multiple platforms for investor communication[130]. - The company has implemented a comprehensive internal control system to enhance governance and operational efficiency[124]. - The company received a standard unqualified opinion on its internal control assurance report, with no significant deficiencies identified in non-financial reporting[176]. Employee Management - The total number of employees at the end of the reporting period is 786, with 622 from the parent company and 164 from major subsidiaries[162]. - The professional composition includes 443 production personnel, 68 sales personnel, 169 technical personnel, 15 financial personnel, and 91 administrative personnel[162]. - The company has established a competitive and incentive-based compensation management system to ensure employee benefits[163]. - The company actively engages in various activities to enhance employee satisfaction and sense of belonging[163]. - The company emphasizes employee training and development, aligning training goals with business development to enhance professional skills and adaptability[165]. Risks and Challenges - The company faces significant risks due to the continuous decline in revenue from major clients affected by U.S. government restrictions, which has led to a substantial decrease in procurement demand[108]. - The company is at risk of not achieving expected returns from its fundraising investment projects, which are critical to its main business operations[116]. - The company is involved in ongoing litigation with potential economic compensation risks, with the first lawsuit involving a claim of approximately 34.13 million yuan[112]. - The effective corporate income tax rate is 15% due to high-tech enterprise status, and any changes in tax incentives could negatively impact the company's performance[114]. Future Outlook - The company provided a future outlook, projecting a revenue growth of 10% for the next fiscal year, targeting 1.65 billion RMB[140]. - The company plans to invest 100 million RMB in new technology development over the next two years to enhance product offerings[194]. - The company aims to improve its supply chain efficiency, targeting a reduction in costs by 15% over the next year[198]. - The management emphasized the importance of compliance with regulatory requirements in all business operations to mitigate risks[200].

Financial Performance - The company's operating revenue for Q3 2021 was ¥67,430,612.59, a decrease of 37.63% compared to the same period last year[4] - The net profit attributable to shareholders was -¥9,702,315.88, representing a decline of 162.43% year-on-year[4] - The net profit after deducting non-recurring gains and losses was -¥10,367,535.97, down 170.46% from the previous year[4] - Total operating revenue for Q3 2021 was CNY 251,020,320.63, a decrease of 16.1% compared to CNY 299,095,699.79 in the same period last year[21] - Operating profit for Q3 2021 was CNY 12,521,621.46, down 81.9% from CNY 69,444,996.67 in Q3 2020[22] - Net profit attributable to the parent company was CNY 15,230,118.11, a decrease of 75.3% from CNY 61,521,279.47 in the previous year[22] - The company reported a total comprehensive income of CNY 14,520,631.75 for Q3 2021, significantly lower than CNY 61,484,219.58 in the same period last year[22] - The basic and diluted earnings per share for Q3 2021 were CNY 0.12, down from CNY 0.53 in Q3 2020[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,198,098,904.08, an increase of 50.75% compared to the end of the previous year[5] - The company's total current assets as of September 30, 2021, amount to ¥773,000,069.80, an increase from ¥544,985,316.15 at the end of 2020[19] - The total assets of the company as of September 30, 2021, are ¥1,198,098,904.08, compared to ¥794,755,575.32 at the end of 2020[19] - Total liabilities as of Q3 2021 amounted to CNY 296,759,563.62, an increase of 57.7% from CNY 188,172,021.80 in the previous year[21] - Total liabilities amounted to CNY 188,172,021.80, with current liabilities at CNY 100,730,242.65 and non-current liabilities at CNY 87,441,779.15[29] - Long-term borrowings were reported at CNY 83,700,000.00, indicating a significant portion of non-current liabilities[29] Cash Flow - The company reported a net cash flow from operating activities of -¥79,838,495.11 for the year-to-date, a decrease of 364.34% compared to the same period last year[12] - Operating cash flow for Q3 2021 was negative at -79,838,495.11 CNY, a significant decline from 30,202,963.15 CNY in Q3 2020[24] - Total cash inflow from operating activities decreased to 259,452,378.48 CNY, down 48.9% from 509,036,846.93 CNY in the previous year[24] - Cash outflow from operating activities increased to 339,290,873.59 CNY, compared to 478,833,883.78 CNY in Q3 2020, indicating a 29.5% increase[25] - Net cash flow from investing activities was -298,831,454.63 CNY, worsening from -79,618,588.96 CNY in the same period last year[25] - Cash inflow from financing activities rose to 360,065,065.29 CNY, compared to 52,100,000.00 CNY in Q3 2020, marking a 591.5% increase[25] Shareholder Information - The company issued new shares, resulting in a 33.33% increase in share capital to ¥155,828,704.00[10] - The company’s total equity attributable to shareholders increased by 49.03% to ¥899,597,321.52[5] - The total number of common shareholders at the end of the reporting period is 19,501[15] - The largest shareholder, Lin Yipan, holds 23.45% of the shares, totaling 36,537,379 shares[15] - The top ten shareholders hold a significant portion of the company's shares, with the top shareholder alone holding over 23%[15] - The company has a diverse shareholder base, including both individual and institutional investors[15] Research and Development - Research and development expenses increased by 54.32% year-on-year, totaling ¥32,527,508.32 for the first nine months of 2021[11] - Research and development expenses increased to CNY 32,527,508.32, up 54.1% from CNY 21,078,164.00 in the same period last year[21] Financial Position - The company has short-term borrowings of ¥42,000,000.00 as of September 30, 2021[19] - The company is actively managing its financial assets, with a notable increase in cash and cash equivalents to ¥246,190,092.54 as of September 30, 2021[18] - The company recognized lease liabilities of CNY 26,433,873.85 following the new leasing standards[30] - The report for the third quarter was not audited, which may affect the reliability of the financial data presented[31] Other Financial Metrics - The weighted average return on equity was -1.07%, down 139.48% compared to the previous year[4] - The company has a total of CNY 264,450,287.11 in undistributed profits, reflecting retained earnings available for future investments[29] - The capital reserve stands at CNY 193,077,957.73, contributing to the overall equity structure[29] - The company reported a total of CNY 20,539,651.58 in taxes payable, indicating ongoing tax obligations[29] - Employee compensation payable is recorded at CNY 8,793,395.04, reflecting the company's payroll commitments[29] - The company has a provision for liabilities amounting to CNY 1,800,000.00, indicating potential future obligations[29]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 183,589,708.04, a decrease of 3.87% compared to CNY 190,975,541.72 in the same period last year[20]. - The net profit attributable to shareholders was CNY 24,932,433.99, down 45.77% from CNY 45,979,503.08 year-on-year[20]. - The net profit after deducting non-recurring gains and losses was CNY 19,828,206.75, a decline of 54.36% compared to CNY 43,447,685.90 in the previous year[20]. - Basic earnings per share were CNY 0.21, down 46.15% from CNY 0.39 in the previous year[20]. - The total comprehensive income attributable to the parent company was CNY 24.93 million, down from CNY 45.98 million in the first half of 2020[172]. - The total profit for the first half of 2021 was CNY 25.61 million, a decrease of 50.9% from CNY 52.14 million in the first half of 2020[172]. Cash Flow and Investments - The net cash flow from operating activities was negative at CNY -54,399,060.42, a significant drop from CNY 1,018,134.37 in the same period last year, representing a decrease of 5,443.01%[20]. - The net cash flow from financing activities surged by 854.26% to CNY 348,611,036.11, primarily due to the issuance of new shares and the funds raised[50]. - The cash and cash equivalents increased significantly by 2,026.16% to CNY 166,026,313.06, attributed to the funds raised from the issuance of new shares[50]. - The total cash inflow from financing activities was CNY 360,065,065.29, while cash outflow was CNY 11,454,029.18, resulting in a net cash flow of CNY 348,611,036.11[176]. - The cash flow from investment activities decreased significantly, with cash received from investment recovery dropping to CNY 70,000,000.00 from CNY 191,000,000.00 year-on-year[179]. Assets and Liabilities - Total assets increased by 53.04% to CNY 1,216,308,864.04 from CNY 794,755,575.32 at the end of the previous year[20]. - The company's total liabilities amounted to CNY 203.48 million, up from CNY 93.72 million in the previous year, indicating a growth of 117.0%[166]. - The company's non-current assets totaled CNY 358,549,514.80, up from CNY 249,770,259.17, marking an increase of around 43.5%[159]. - The total current liabilities were reported at CNY 43,800,000.00 in short-term borrowings, with no previous short-term borrowings recorded[159]. Research and Development - The company's research and development investment increased by 36.83% to CNY 19,502,212.09, driven by the expansion of business scale and active development of new technologies[50]. - Research and development expenses rose to CNY 19.50 million, representing an increase of 37.1% compared to CNY 14.25 million in the previous year[167]. - The company focuses on the research, production, and sales of automation and intelligent equipment, aiming to be a leading provider of smart manufacturing solutions in the information and communication technology sector[28]. Market and Product Development - The company maintains a leading position in specific technical fields such as RF testing and flexible OLED screen lamination, despite being smaller in scale compared to peers[38]. - The intelligent manufacturing equipment industry is rapidly growing due to advancements in automation technology and rising labor costs, with strong development trends in both upstream and downstream markets[32]. - The company is actively expanding its product offerings and customer base in response to client needs and market demands[80]. Legal and Regulatory Matters - The company is currently involved in a lawsuit with Shenzhen Tuoye Intelligent Co., Ltd., which has led to a freeze of CNY 20 million in bank deposits[60]. - Ongoing litigation could result in economic compensation risks, with potential liabilities amounting to approximately CNY 34.13 million for the first lawsuit and CNY 11.55 million for the second lawsuit[84]. - The company is involved in a legal dispute with Tuoyao Intelligent regarding a contract dispute, with the amount in question reduced from CNY 47.1322 million to CNY 34.1322 million[114]. Corporate Governance and Compliance - The company adheres to various laws and regulations, ensuring investor rights protection and maintaining a sound corporate governance structure[102]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[109]. - The half-year financial report has not been audited[111]. Future Outlook - Future guidance indicates a positive outlook for revenue growth and market expansion initiatives[143]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[167]. - The company is exploring potential mergers and acquisitions to accelerate growth and enhance competitive positioning in the market[186].