Financial Performance - The company's operating revenue for 2021 was CNY 206,426,143.60, representing an increase of 11.91% compared to CNY 184,462,483.92 in 2020[24] - The net profit attributable to shareholders for 2021 was CNY 65,528,004.43, a decrease of 3.48% from CNY 67,890,895.72 in the previous year[24] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 59,098,969.63, down 4.51% from CNY 61,888,127.45 in 2020[24] - The net cash flow from operating activities for 2021 was CNY 72,144,427.30, a decline of 5.27% compared to CNY 76,159,714.68 in 2020[24] - The basic earnings per share for 2021 was CNY 2.05, a decrease of 15.29% from CNY 2.42 in the previous year[24] - The gross profit margin declined to 45.73%, down 8.79% compared to the previous year, primarily due to rising commodity prices and exchange rate fluctuations[61][62] - The company achieved a revenue of ¥206,426,143.60 in 2021, representing a year-on-year increase of 11.91%[51] - The company reported a total revenue of 513.49 million for the year 2021[153] Assets and Liabilities - The total assets at the end of 2021 amounted to CNY 904,445,174.92, an increase of 176.84% from CNY 326,705,203.23 at the end of 2020[25] - The net assets attributable to shareholders at the end of 2021 were CNY 807,500,283.04, up 207.20% from CNY 262,862,324.25 at the end of 2020[25] - The company's total liabilities included accounts payable of ¥37.34 million, which accounted for 4.13% of total assets, down from 10.10% at the beginning of the year, a decrease of 5.97% due to increased raw material purchases[87] - The company reported a total of ¥104.87 million in restricted assets, primarily due to cash deposits and collateral for loans[90] Research and Development - Research and development investment increased by 19.11% to CNY 9.84 million, focusing on upgrading existing products and developing new ones[61] - The company has achieved the goal of forming independent intellectual property rights through its R&D projects, which are expected to drive high-quality development[76] - The company completed the development of a compact high-voltage circuit breaker with a built-in dual-direction clutch, aimed at enhancing safety and operational reliability[76] - The company is developing a linear actuator motor in collaboration with RV accessory companies, focusing on low noise and multi-rod synchronous control capabilities[52] Market Position and Strategy - The company operates in the micro special reduction motor sector, focusing on customized solutions for the power distribution and RV accessory industries, with a product range of nearly 3,000 specifications[39] - The RV market in China saw a sales growth of 74% from January to November 2021, indicating a strong market potential for the company's products[38] - The high-voltage switch industry in China is expected to grow at a compound annual growth rate of 4.9% from 2019 to 2024, providing a favorable environment for the company's expansion[35] - The company has established long-term partnerships with renowned global clients such as Siemens and Schneider Electric, enhancing its market position[39] Corporate Governance - The company has established a robust corporate governance structure, including a complete and independent internal management system[131] - The company has held multiple shareholder meetings, with participation rates of 100% for the first annual meeting and around 75% for subsequent meetings[132] - The company has a clear structure for its supervisory board, with members having relevant industry experience[145] - The company has maintained a stable management team, with key personnel holding their positions for several years[146] Shareholder Actions and Dividends - The company plans to distribute a cash dividend of CNY 5.00 per 10 shares to all shareholders, based on a total of 37,333,500 shares[6] - The total cash dividend, including other methods, amounted to RMB 18,666,750, which represents 100% of the total distributable profit of RMB 265,879,845.97[173] - The company has adhered to its profit distribution policy, ensuring that all procedures and mechanisms are complete and transparent[171] Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 20%[200] - New product launches are expected to contribute an additional $50 million in revenue in the upcoming year[200] - Market expansion plans include entering three new international markets by the end of 2022[200] - The company is considering strategic acquisitions to enhance its market position, with a budget of $100 million allocated for potential deals[200] Employee Management - The company has implemented various employee welfare policies, including meal subsidies and employee stock ownership plans to attract and retain talent[167] - The company has established a training program to enhance employee skills and ensure coverage across different levels and types of staff[168] - The total remuneration paid to directors, supervisors, and senior management in 2021 amounted to 5.1349 million yuan[151] Risk Management - The company has outlined potential risks and countermeasures in its future development outlook, which investors should be aware of[6] - The company is aware of international trade policy risks, particularly due to tariffs imposed by the U.S. government on Chinese products, which could adversely affect its export business[112][113] - The company plans to implement measures such as product and technology R&D, diversified raw material procurement, and supply chain management to mitigate the risk of declining gross margins[114]

Financial Performance - The company's revenue for Q1 2022 was ¥40,199,303.09, representing a slight increase of 0.30% compared to ¥40,077,348.50 in the same period last year[3] - Net profit attributable to shareholders increased by 48.19% to ¥20,329,407.96 from ¥13,718,591.01 year-on-year[3] - Basic earnings per share increased by 10.20% to ¥0.54, compared to ¥0.49 in the same period last year[4] - Operating profit for Q1 2022 was CNY 16,874,242.54, compared to CNY 15,762,533.41 in Q1 2021, reflecting an increase of approximately 7.1%[20] - Net profit for Q1 2022 reached CNY 20,329,407.96, up from CNY 13,718,591.01 in the same period last year, indicating a growth of about 48.3%[20] Cash Flow - The net cash flow from operating activities rose by 47.04% to ¥12,124,144.87, up from ¥8,245,507.65 in the previous year[3] - The company reported a net cash flow from operating activities of CNY 12,124,144.87, an increase from CNY 8,245,507.65 in Q1 2021, showing a growth of about 47.5%[23] - The company experienced a net cash outflow from investment activities of CNY 72,155,698.02 in Q1 2022, compared to a net inflow of CNY 30,385,476.64 in Q1 2021[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥899,320,092.10, a decrease of 0.57% from ¥904,445,174.92 at the end of the previous year[4] - Current assets totaled CNY 803,714,723.81, down from CNY 816,339,561.74 at the start of the year, indicating a decrease of approximately 1.5%[17] - Total liabilities decreased to CNY 71,490,401.10 from CNY 96,944,891.88, showing a reduction of about 26.3%[18] - The company's accounts receivable stood at CNY 70,786,360.29, down from CNY 75,640,363.56, representing a decrease of approximately 6.5%[16] Equity - The company's equity attributable to shareholders increased by 2.52% to ¥827,829,691.00 from ¥807,500,283.04 at the end of the previous year[4] - The equity attributable to the parent company increased to CNY 827,829,691.00 from CNY 807,500,283.04, marking an increase of approximately 2.5%[18] Investment Activities - Investment income increased significantly by 220% to ¥2,647,602.30, compared to ¥827,318.67 in the previous year[9] - The company participated in establishing a private equity investment fund, indicating a strategic move towards investment diversification[14] Employee Compensation - The company reported a significant reduction in employee compensation liabilities from CNY 14,068,826.12 to CNY 3,733,890.89, a decrease of approximately 73%[18] Inventory and Expenses - The company’s inventory increased slightly to CNY 22,336,255.99 from CNY 22,059,307.15, reflecting a growth of about 1.3%[17] - Research and development expenses for Q1 2022 were CNY 1,759,621.72, down from CNY 2,011,019.66 in Q1 2021, indicating a reduction of about 11.6%[19] - Total operating costs for Q1 2022 were CNY 26,102,360.07, an increase from CNY 25,331,037.13 in Q1 2021, representing a growth of about 3.0%[19]

Financial Performance - The company's revenue for Q3 2021 was ¥52,467,327.48, a decrease of 2.27% compared to the same period last year, while year-to-date revenue increased by 10.99% to ¥147,567,649.49[3] - Net profit attributable to shareholders for Q3 2021 was ¥15,149,161.91, down 26.95% year-on-year, and year-to-date net profit decreased by 10.22% to ¥45,518,397.52[3] - Basic earnings per share for Q3 2021 was ¥0.4427, a decline of 40.23% compared to the same period last year, with year-to-date earnings per share at ¥1.5135, down 16.41%[3] - Total operating revenue for Q3 2021 reached ¥147,567,649.49, an increase of 10.8% compared to ¥132,958,324.30 in the same period last year[22] - Operating profit for Q3 2021 was ¥52,129,428.55, a decrease of 10.1% from ¥57,999,504.60 in Q3 2020[23] - Net profit attributable to the parent company was ¥45,518,397.52, down 10.2% from ¥50,698,776.80 in the previous year[24] - The company reported a basic earnings per share of ¥1.5135, down from ¥1.8107 in the previous year[24] Assets and Liabilities - Total assets at the end of Q3 2021 reached ¥877,647,761.66, an increase of 168.64% compared to the end of the previous year[3] - Total liabilities increased to ¥90,157,085.53, compared to ¥63,842,878.98 in the same period last year, reflecting a significant rise of 41.1%[20] - Total equity attributable to shareholders reached ¥787,490,676.13, up from ¥262,862,324.25, marking a substantial increase of 199.5%[20] - The company's accounts receivable increased to RMB 76,142,986.50 from RMB 60,260,061.39[18] - Inventory levels rose to RMB 26,211,530.19, up from RMB 16,588,840.57[18] - Non-current assets total RMB 75,762,347.18, compared to RMB 51,886,130.25 previously[18] - The company has a significant increase in trading financial assets, reaching RMB 244,933,500.00[18] Cash Flow - The company reported a net cash flow from financing activities of ¥479,805,150.59, a significant increase of 2,663.75% due to funds raised from the IPO[11] - Cash flow from operating activities was ¥148,380,352.41, slightly up from ¥146,040,340.65 in the same period last year[26] - The net cash flow from operating activities for Q3 2021 was ¥44,877,887.86, a decrease of 7.5% compared to ¥48,493,682.06 in Q3 2020[27] - The net cash flow from investing activities was -¥125,764,017.35, a significant decline from a positive cash flow of ¥31,607,686.88 in the same quarter last year[27] - Cash inflow from financing activities totaled ¥487,449,710.40, with a net cash flow of ¥479,805,150.59 after outflows, compared to a net outflow of -¥18,715,000.00 in Q3 2020[27] - The total cash and cash equivalents at the end of Q3 2021 reached ¥427,982,094.23, an increase from ¥118,455,677.77 in Q3 2020[28] Expenses - The company's operating costs for the year-to-date period increased by 34.27% to ¥79,433,186.52, primarily due to rising raw material prices[11] - The company experienced a 62.20% increase in management expenses, totaling ¥9,189,749.98, attributed to increased personnel costs and IPO-related expenses[11] - Research and development expenses for Q3 2021 amounted to ¥8,031,636.25, an increase of 26.9% from ¥6,327,539.48 in Q3 2020[22] - The total cost of operations was ¥98,045,689.77, an increase of 28.4% compared to ¥76,379,611.48 in Q3 2020[22] - The company paid ¥25,677,523.40 in employee-related cash payments, up from ¥20,285,493.93 in the previous year[27] - The cash paid for taxes was ¥8,207,898.02, a decrease of 45.5% compared to ¥15,033,049.25 in Q3 2020[27] Shareholder Information - The total number of common shareholders at the end of the reporting period is 9,792[13] - Liu Jincheng holds 41.36% of shares, amounting to 15,440,000 shares[13] - The top ten shareholders include Chen Yuanzhi and Gong Jianfen, each holding 11.25% of shares[13] - The company issued 9,333,500 shares during its initial public offering, with trading starting on July 7, 2021[15] - The cash dividend distribution for the first half of 2021 is RMB 2 per 10 shares, totaling RMB 7,466,700[16] Other Information - The company has not disclosed any new product developments or market expansion strategies in this report[3] - Deferred income tax liabilities decreased to ¥515,025.00 from ¥644,030.08, a reduction of 20.0%[20] - The report for Q3 2021 was not audited[28]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥95,100,322.01, representing a 19.97% increase compared to ¥79,271,541.33 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was ¥30,369,235.61, a slight increase of 1.36% from ¥29,961,985.16 in the previous year[22]. - The net cash flow from operating activities was ¥21,321,457.31, up 13.44% from ¥18,795,319.86 in the same period last year[22]. - The total assets at the end of the reporting period were ¥365,019,551.79, an increase of 11.73% from ¥326,705,203.23 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company were ¥293,231,559.86, reflecting an 11.55% increase from ¥262,862,324.25 at the end of the previous year[22]. - The basic earnings per share for the reporting period was ¥1.08, a slight increase of 0.93% compared to ¥1.07 in the same period last year[22]. - The weighted average return on equity decreased to 10.92%, down 2.84% from 13.76% in the previous year[22]. - The company reported a net profit after deducting non-recurring gains and losses of ¥28,534,804.56, which is a 2.74% increase from ¥27,773,468.93 in the same period last year[22]. - The company's gross profit margin for the reporting period was 47.25%, but it showed a downward trend due to raw material price fluctuations and exchange rate volatility[68]. Revenue Sources and Market Position - The company specializes in the research, manufacturing, and sales of customized micro-reduction motors, with annual sales volume approximately 900,000 units, holding a significant market position in the industry[31]. - Over 60% of the company's revenue comes from the power distribution and transmission high-voltage switch industry, providing power units for circuit breakers and switchgear[34]. - The company is actively involved in the RV motor market, with significant sales growth driven by increasing demand in the RV camping industry[34]. - Export revenue accounted for 46.56% of the company's main business income, with exports to the U.S. amounting to ¥3,089.39 million, representing 32.50% of the main business income[66]. Operational Efficiency and Management - The company has implemented ERP and MES systems for effective management of the entire production process and cost accounting, improving operational efficiency[30]. - The company utilizes an "order-based procurement" model to optimize inventory turnover and control procurement costs effectively[30]. - The company has a strong focus on quality, adhering to ISO9001 and ISO14001 standards, ensuring product quality meets both domestic and international requirements[36]. - The company has a competitive edge due to its core technology accumulation and a stable management team with extensive industry experience[35]. Financial Health and Investments - The company reported a significant increase in net cash flow from investing activities, which surged by 217.59% to ¥76,222,389.74, mainly due to the recovery of previous financial products[41]. - The company's cash and cash equivalents increased significantly by 275.26% to ¥95,500,465.88, largely influenced by investment activities[41]. - The total amount of raised funds is ¥48,657.67 million, with no funds utilized during the reporting period[56]. - The company has committed to invest ¥31,112.03 million in the production base for energy-saving motors, but no funds have been utilized yet[58]. - The company has also committed to invest ¥5,395.06 million in the construction of a research and development center, with no funds utilized[58]. Risk Management and Compliance - The company has implemented measures to mitigate risks associated with raw material price fluctuations and exchange rate volatility through product and technology development, supply chain management, and bidding management[68][69]. - The company will closely monitor trade policies and environments to mitigate risks associated with international trade[67]. - The company has adhered to environmental protection laws and has not faced any administrative penalties related to environmental issues during the reporting period[79]. Shareholder Information and Corporate Governance - Major shareholders include Liu Jincheng with 55.14% (15,440,000 shares), Chen Yuanzhi with 15.00% (4,200,000 shares), and Gong Jianfen with 15.00% (4,200,000 shares)[111]. - The company did not experience any major litigation or arbitration matters during the reporting period[89]. - There were no significant penalties or rectifications during the reporting period[91]. - The company has not engaged in any major related party transactions during the reporting period[96]. - There were no major contracts or guarantees during the reporting period[100]. Financial Reporting and Audit - The half-year financial report has not been audited[86]. - The financial report for the first half of 2021 has not been audited[122]. - The company has not reported any new product or technology developments in the current period[143]. Accounting Policies and Financial Instruments - The company's financial statements reflect the company's financial position, operating results, and cash flows in accordance with the requirements of the enterprise accounting standards[150]. - The company’s financial assets and liabilities are classified into various categories, including those measured at amortized cost and those measured at fair value[159]. - Financial instruments are subject to impairment measurement based on expected credit losses, with loss provisions recognized for various financial assets and liabilities[165]. - The company assesses expected credit losses based on historical credit loss experience and current conditions, along with forecasts of future economic conditions[170].