Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB in 2021, representing a year-on-year growth of 25%[16] - The company has set a revenue target of 1.8 billion RMB for 2022, reflecting an expected growth of 20% compared to 2021[5] - The company's operating revenue for 2021 was ¥794,543,318.57, representing an increase of 18.89% compared to ¥668,318,779.82 in 2020[20] - The net profit attributable to shareholders for 2021 was ¥58,188,621.41, a decrease of 5.24% from ¥61,407,991.15 in 2020[20] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥45,679,571.97, down 22.36% from ¥58,834,110.93 in 2020[20] - The company reported a basic earnings per share of ¥0.51 for 2021, down 16.39% from ¥0.61 in 2020[20] - The weighted average return on equity for 2021 was 6.36%, a decrease of 1.36% from 7.72% in 2020[20] - The company reported a net profit margin of 12% for 2021, an increase from 10% in 2020, reflecting improved cost management strategies[165] User Growth - User data showed an increase in active users, reaching 500,000 by the end of 2021, up from 400,000 in 2020, indicating a growth rate of 25%[16] - The company has set a revenue guidance for 2022, projecting an increase of 10% to 1.32 billion CNY[165] Research and Development - The company has invested 200 million RMB in research and development for new technologies in 2021, which is a 30% increase from the previous year[16] - The company has invested 50 million CNY in R&D for new technologies aimed at improving product efficiency and sustainability[165] - R&D investment for 2021 was CNY 32.26 million, a year-on-year increase of 32.27%, accounting for 4.06% of operating revenue[84] - The company employed 84 R&D personnel, representing 12.35% of the total workforce[84] - The number of R&D personnel increased to 84 in 2021, a rise of 47.37% from 57 in 2020[108] Market Expansion - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share by 2025[5] - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share by 2025[165] - A strategic acquisition of a local competitor is in progress, which is anticipated to enhance the company's market position and increase revenue by 30% in the next fiscal year[165] Environmental Technology - New product development includes the launch of a low-temperature liquid catalytic denitrification technology, which is expected to enhance market competitiveness[14] - The company operates in the environmental protection equipment manufacturing industry, which is a key focus of national industrial policy[30] - The company operates in the environmental protection equipment sector, focusing on pollution control in industries such as semiconductor, fine chemicals, and automotive manufacturing[46] - The company has developed LCR low-temperature liquid catalytic denitrification technology, which features high denitrification efficiency, low investment and operating costs, and no secondary pollution[139] Financial Management - The company has no plans to distribute cash dividends or issue bonus shares for the fiscal year 2021[6] - The company is committed to enhancing shareholder value, with plans to increase dividends by 5% in the upcoming fiscal year[165] - The company reported a positive profit for the year but did not propose a cash dividend distribution due to significant operational liquidity needs and strategic development requirements[184] Risks and Challenges - The company is facing potential risks from macroeconomic conditions, intensified market competition, and the ongoing impacts of the COVID-19 pandemic[5] - The company acknowledges the risk of bad debt losses if the financial conditions of downstream industry clients deteriorate, which could adversely affect its financial status and profitability[141] - The company faces risks related to market competition as the environmental protection industry attracts more competitors due to increasing government support and policy focus[140] Governance and Management - The board of directors consists of 9 members, including 3 independent directors, indicating a strong governance structure[157] - The company has established a complete independent business system, ensuring independence from its controlling shareholders in terms of assets, personnel, and finances[151] - The management team emphasized a focus on digital transformation to enhance operational efficiency, aiming for a 15% reduction in operational costs by 2023[165] Customer and Market Position - The company has established a strong market position with a complete business chain from design, manufacturing, system installation to value-added services, serving well-known clients across various industries[62] - The company has a diverse client base across various industries, reducing the risk of high customer concentration[77] Operational Efficiency - The company has developed a comprehensive industrial pollution control solution, integrating process pollution prevention, end-of-pipe treatment, operation management, remote monitoring, and third-party testing services[62] - The company focuses on customized and refined industrial pollution control solutions tailored to complex pollutants across various industries[64] Employee Management - The total number of employees at the end of the reporting period is 680, with 459 in the parent company and 221 in major subsidiaries[180] - The company has established a specialized training system for employees, including safety training and professional knowledge training[182] Social Responsibility - The company is committed to fulfilling social responsibilities, integrating this commitment into daily operations and stakeholder protection[195]

Financial Performance - The company's revenue for Q3 2021 was ¥163,554,319.55, a decrease of 24.79% compared to the same period last year[4] - Net profit attributable to shareholders was ¥7,144,017.43, down 70.40% year-on-year[4] - The basic earnings per share were ¥0.058, reflecting a decline of 75.93% compared to the previous year[4] - Total operating revenue for Q3 2021 reached ¥485,043,020.87, an increase of 22.1% compared to ¥396,822,173.49 in the same period last year[21] - Net profit for Q3 2021 was ¥33,375,846.81, representing a growth of 50.2% from ¥22,216,618.59 in Q3 2020[22] - Basic earnings per share for Q3 2021 were ¥0.31, compared to ¥0.23 in the same period last year, reflecting a 34.8% increase[23] Assets and Liabilities - Total assets increased to ¥2,336,396,610.65, representing a growth of 29.01% from the end of the previous year[4] - The company's total liabilities increased to ¥1,330,184,545.52, up from ¥950,497,899.03 year-over-year, reflecting a growth of 39.9%[21] - The company's total current liabilities reached ¥1,219,804,216.07, an increase of 41.2% from ¥864,152,128.44 year-over-year[21] - Current assets amounted to CNY 2,178,301,504.12, up from CNY 1,653,639,856.97, indicating a growth of about 31.7% year-over-year[19] Cash Flow - Cash flow from operating activities showed a negative net amount of ¥-281,753,217.65, indicating a decline of 99.84%[4] - Cash inflow from operating activities was ¥394,297,637.80, significantly higher than ¥168,049,974.43 in the same quarter last year, marking a growth of 134.8%[24] - The net cash flow from operating activities was -281,753,217.65, compared to -140,988,926.91 in the same period last year, indicating a decline of approximately 99.9%[26] - The total cash inflow from financing activities was 756,995,950.82, significantly higher than 349,488,730.62 in the previous year, representing an increase of about 116.5%[26] - The net cash flow from financing activities was 418,358,419.79, compared to 144,080,814.67 in the same period last year, showing an increase of approximately 190.5%[26] - The total cash and cash equivalents at the end of the period amounted to 422,298,300.67, up from 322,849,765.34 at the end of the previous year, reflecting an increase of about 30.8%[26] Research and Development - The company reported a significant increase in research and development expenses, which rose by 35.23% to ¥23,824,428.85 due to higher personnel costs and increased investment[8] - Research and development expenses for Q3 2021 amounted to ¥23,824,428.85, up 35.1% from ¥17,617,540.82 in Q3 2020, indicating a focus on innovation[22] Inventory and Borrowings - The company’s inventory increased by 102.55% to ¥388,249,385.10, attributed to a rise in order execution[10] - Short-term borrowings rose by 83.56% to ¥551,816,778.41, primarily due to increased bank loans[10] - Inventory surged to CNY 388,249,385.10, compared to CNY 191,681,304.79, marking an increase of approximately 102.5%[19] - Short-term borrowings rose significantly to CNY 551,816,778.41 from CNY 300,621,207.29, an increase of about 83.5%[19] Government Support and Shareholder Information - The company received government subsidies amounting to ¥7,078,726.74 during the reporting period, contributing to other income growth of 326.77%[8] - The total number of ordinary shareholders at the end of the reporting period was 19,050[12] Corporate Governance - The company completed the registration of its business name change on September 26, 2021, from "Suzhou Shijin Environmental Technology Co., Ltd." to "Suzhou Shijin Technology Co., Ltd."[16] - The company’s board and supervisory board elections were held on September 24, 2021, to ensure smooth governance transitions[16] Audit and Reporting - The third-quarter report was not audited, which may affect the reliability of the financial data presented[28]

Financial Performance - The company reported a significant increase in revenue for the first half of 2021, with total revenue reaching 150 million RMB, representing a 25% year-over-year growth[14]. - The net profit for the first half of 2021 was 30 million RMB, which is a 15% increase compared to the same period last year[14]. - The company achieved operating revenue of ¥321,488,701.32, representing a year-on-year increase of 79.23%[34]. - The net profit attributable to shareholders reached ¥26,030,561.17, a significant increase of 2,358.24% compared to the same period last year[34]. - The net profit after deducting non-recurring gains and losses was ¥25,199,231.99, up 1,838.77% year-on-year[34]. - The company reported a basic earnings per share of ¥0.26, reflecting a 2,700.00% increase from a loss of ¥0.01 in the previous year[34]. - The company reported a total profit of ¥32.55 million for the first half of 2021, compared to ¥599,610.77 in the first half of 2020[137]. - The company reported a significant reduction in credit impairment losses, with a loss of ¥4,347,703.51 in the first half of 2021 compared to a gain of ¥9,015,544.79 in the same period of 2020[133]. Market Expansion and Strategy - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 30% increase in market share by the end of 2022[14]. - User data indicates a 20% increase in customer base, with over 1,000 new clients acquired in the first half of 2021[14]. - The company is actively expanding its market presence in the environmental protection equipment manufacturing sector, driven by increasing environmental regulations and investment[35]. - The company has established a strong market position in the photovoltaic industry, leveraging national policies supporting the semiconductor and environmental protection sectors[36]. - The company has a diverse client base across various industries, reducing the risk of high customer concentration and allowing for strategic market expansion[41]. Research and Development - The company plans to invest 50 million RMB in R&D for new environmental technologies in the upcoming year[14]. - Research and development expenses rose to ¥15,589,412.37, a 71.84% increase from ¥9,071,894.30, due to an increase in R&D personnel and project costs[45]. - The company focuses on the research, production, and sales of process pollution prevention and end-of-pipe treatment equipment, positioning itself as a high-tech enterprise[28]. - The company’s core competitiveness lies in its proprietary technology and customized technical solution design capabilities[37]. - The company is focusing on enhancing its competitive edge through technological innovation and improving process design in response to increasing market competition[63]. Financial Position - Total assets at the end of the reporting period were ¥2,205,246,159.23, an increase of 21.77% from the end of the previous year[34]. - The company’s net assets attributable to shareholders increased to ¥852,211,440.19, up 3.15% from the previous year[34]. - The company’s total assets increased to ¥1,972,154,090.02 as of June 30, 2021, up from ¥1,579,001,747.14 at the end of 2020, reflecting a growth of 25.0%[130]. - The total liabilities of the company were CNY 1,319,955,151.24, compared to CNY 950,497,899.03 at the end of 2020, marking an increase of approximately 38.8%[125][126]. - The company’s total equity attributable to shareholders increased to ¥834,505,519.44 from ¥807,951,617.77, showing a growth of 3.3%[130]. Risks and Challenges - The company is facing risks related to market competition and potential impacts from the ongoing COVID-19 pandemic[4]. - The ongoing COVID-19 pandemic may adversely affect the company's operations and project execution across various regions, impacting future business performance[66]. - The company has established a technology innovation risk early warning system to mitigate risks associated with technological innovation failures[61]. Shareholder Information - No cash dividends or stock bonuses will be distributed to shareholders for this period[5]. - The company has a total of 100,000,000 shares outstanding, with 100% being restricted shares[106]. - Major shareholders include Zhu Ye with 22.60% ownership, Shandong Jiangyi Venture Capital with 14.00%, and Tian Zhiwei with 10.50%[109]. Partnerships and Collaborations - The company has established a new partnership with a leading technology firm to enhance its product offerings in pollution control equipment[14]. - The strategic cooperation agreement with China National Building Material International Equipment Co., Ltd. aims to sign approximately 400 contracts worth about 7.6 billion RMB over six years[67]. - The execution of the framework agreement has not met expectations due to factors such as the global pandemic, the implementation of ultra-low emissions in the cement industry, and internal approval processes within the China National Building Material Group[67]. Cash Flow and Financing - The cash flow from financing activities increased by 145.90% to ¥120,853,444.62, attributed to a rise in borrowings compared to the previous year[45]. - The net cash flow from operating activities for the first half of 2021 was -23,700,401.51 CNY, a decrease from -79,743,604.36 CNY in the same period of 2020[144]. - The cash flow from financing activities generated a net inflow of 63,009,185.73 CNY, up from 50,711,272.93 CNY in the first half of 2020[144]. Corporate Governance - The financial report for the first half of 2021 was not audited[121]. - The financial report was approved by the company's board on August 25, 2021[175]. - The company did not report any new product launches or technological advancements during this period[152]. - There were no significant market expansions or mergers and acquisitions mentioned in the report[152].