Financial Performance - The company's operating revenue for 2021 was ¥735,017,875.32, representing a 114.90% increase compared to ¥342,028,567.38 in 2020[25] - The net profit attributable to shareholders for 2021 was ¥201,507,670.13, an increase of 66.33% from ¥121,149,655.98 in 2020[25] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥182,197,445.22, up 56.20% from ¥116,640,626.43 in 2020[25] - The net cash flow from operating activities was ¥91,412,373.44, a significant improvement of 307.45% compared to -¥44,064,679.41 in 2020[25] - Basic earnings per share for 2021 were ¥2.5, a 49.70% increase from ¥1.67 in 2020[25] - Total assets at the end of 2021 reached ¥2,874,130,364.88, a 217.16% increase from ¥906,208,204.55 at the end of 2020[25] - The net assets attributable to shareholders at the end of 2021 were ¥2,066,780,645.65, up 307.52% from ¥507,157,569.49 at the end of 2020[25] - The weighted average return on net assets for 2021 was 19.00%, a decrease of 8.14% from 27.14% in 2020[25] Revenue Breakdown - Total revenue for 2021 was approximately ¥715 million, with quarterly revenues of ¥272 million, ¥117 million, ¥147 million, and ¥200 million respectively[26] - Revenue from the computer, communication, and other electronic equipment manufacturing industry was ¥734,107,862.33, accounting for 99.88% of total revenue, with a year-on-year growth of 115.17%[53] - The gross profit margin for the computer, communication, and other electronic equipment manufacturing industry was 42.42%, down 25.30% from the previous year[53] Research and Development - In 2021, the company's R&D expenses amounted to 33.44 million yuan, representing a year-on-year increase of 58.24%[45] - The number of R&D personnel increased by 27.27% to 84, with a focus on enhancing product competitiveness[63] - The company is currently developing high-efficiency, high-precision testing methods and advanced millimeter-wave micro-systems to improve product capabilities and market position[63] - The company is focused on enhancing its technological innovation capabilities through continuous R&D investment and product upgrades[44] - The company has allocated 200 million CNY for research and development in 2022, a 40% increase from 2021[161] Market Position and Strategy - The company operates in the military electronics sector, focusing on the research, development, manufacturing, testing, and sales of millimeter-wave microsystems, which are critical components in radar and communication applications[33][34] - The company is positioned in the midstream of the semiconductor industry, benefiting from the growth in military electronics and modernization of equipment[33] - The company has experienced a stable growth outlook due to increasing demand in the military electronics market, driven by budget increases and ongoing modernization efforts[33] - The company plans to focus on the millimeter-wave micro-system field, providing advanced solutions and manufacturing services, while promoting large-scale, low-cost applications[132] - The company intends to maintain a dual-market strategy, focusing on radar and communication in specialized markets while exploring 5G/6G and smart transportation in general markets[132] Cash Flow and Investments - The total cash inflow from investment activities reached ¥1,356,276,207.52, a dramatic increase of 1,350.47% year-on-year[68] - The net cash flow from financing activities was ¥1,321,230,446.86, reflecting a substantial increase of 2,921.15% due to the issuance of 24.2 million new shares, raising net funds of ¥1.358 billion[69] - The company reported a net loss from investment activities of ¥1,140,799,111.31, primarily due to high fixed asset investments for production expansion[69] - The total investment amount for the reporting period reached ¥2,482,718,593.16, a significant increase of 3,574.61% compared to ¥67,564,221.80 in the same period last year[77] Risk Management - The company has outlined potential risks and operational plans for 2022 in its management discussion section[5] - The company faces increased macroeconomic risks due to the worsening COVID-19 situation, geopolitical conflicts, and a slowing global economic recovery, which may impact business demand and supply[139] - The company anticipates intensified market competition as more resources enter the millimeter-wave micro-system technology field, necessitating proactive changes and innovations[140] - In 2022, the company will strengthen supply chain management to mitigate risks related to raw material shortages and price increases, ensuring stable material supply[142] Corporate Governance - The company has established a strong governance structure with independent directors contributing to oversight and strategic direction[177] - The management team emphasizes the importance of innovation and technology in driving the company's growth trajectory[176] - The company is committed to maintaining transparency and accountability in its financial reporting and corporate governance practices[178] Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 20% to 1.44 billion yuan[182] - New product launches are expected to contribute an additional 200 million yuan in revenue, with a focus on innovative technology solutions[182] - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share by 2023[163] Executive Compensation - Total pre-tax compensation for the chairman and CEO, Deng Jieru, was 97.62 million[191] - Total pre-tax compensation for the vice chairman and deputy general manager, Gui Jun, was 79.32 million[191] - Total pre-tax compensation for the deputy general manager, Liao Jie, was 71.20 million[191] - Total pre-tax compensation for the deputy general manager, Ding Zhuofu, was 71.27 million[191] - Total pre-tax compensation for the employee representative supervisor, Chen Lei, was 18.57 million[193] - Total pre-tax compensation for the company’s board members amounted to 438.53 million[193]

Revenue and Profit - Revenue for Q1 2022 was CNY 225,200,359.13, a decrease of 17.12% compared to CNY 271,730,319.54 in the same period last year[4] - Net profit attributable to shareholders was CNY 107,085,176.09, an increase of 35.12% from CNY 79,252,923.37 year-on-year[4] - Total operating revenue for the current period was $225.20 million, a decrease of 17.1% from $271.73 million in the previous period[30] - Net profit for the current period was $107.09 million, an increase of 35.2% compared to $79.25 million in the previous period[30] - The total comprehensive income for the current period was $107.09 million, reflecting a strong performance compared to $79.25 million in the previous period[33] Cash Flow and Assets - Operating cash flow for the quarter was CNY 830,051,282.10, a significant increase of 3,008.60% compared to a negative cash flow of CNY -28,537,837.45 in the previous year[4] - Cash flow from operating activities generated $830.05 million, a significant improvement from a negative cash flow of $28.54 million in the previous period[36] - Cash inflow from investment activities totaled $1.18 billion, compared to $40.11 million in the previous period[36] - The company reported a net cash outflow from investment activities of $333.06 million, compared to a smaller outflow of $3.91 million in the previous period[36] - The beginning cash and cash equivalents balance was $373,826,055.77, while the ending balance increased to $870,524,736.98, indicating a significant growth[38] - Cash and cash equivalents rose significantly to CNY 870,524,736.98 from CNY 343,826,055.77, marking an increase of about 153.5%[24] Assets and Liabilities - Total assets at the end of Q1 2022 reached CNY 3,278,568,014.77, reflecting a growth of 14.07% from CNY 2,874,130,364.88 at the end of the previous year[6] - Total liabilities increased to CNY 1,104,702,193.03 from CNY 807,349,719.23, which is an increase of around 36.7%[27] - The total current assets increased to CNY 3,076,471,031.04 from CNY 2,685,095,473.28, representing a growth of approximately 14.5%[24] - The company's total assets reached CNY 3,278,568,014.77, up from CNY 2,874,130,364.88, indicating a growth of about 14.1%[27] Shareholder Information - The total number of common shareholders at the end of the reporting period is 12,738[12] - The largest shareholder, Deng Jieru, holds 19.40% of shares, totaling 18,778,159 shares, with 1,300,000 shares pledged[12] - The second-largest shareholder, Chen Fashu, owns 8.99% of shares, amounting to 8,699,538 shares[12] - The third-largest shareholder, Chongqing Yida Enterprise Management Partnership, holds 6.24% of shares, which is 6,041,133 shares[12] - The total number of shares held by the top ten shareholders is significant, indicating concentrated ownership[12] - The company has a total of 78,081,052 restricted shares at the beginning of the period, with 971,993 shares released during the period[20] - The total number of unrestricted shares held by the top ten shareholders is 77,414,459 shares after accounting for releases[20] - The company plans to release restricted shares on August 24, 2022, for several major shareholders[18] - The shareholder structure shows a mix of individual and institutional investors, with a notable presence of domestic natural persons[12] - The company has not disclosed any related party transactions among the top shareholders[16] Expenses and Earnings - Research and development expenses rose to CNY 6,982,628.89, marking a 63.96% increase compared to CNY 4,258,733.15 in the same quarter last year[11] - Research and development expenses increased to $6.98 million, up 64.1% from $4.26 million in the previous period[30] - The company experienced a significant increase in tax expenses, which rose to $19.10 million from $14.06 million in the previous period[30] - The weighted average return on equity decreased to 5.05%, down 9.44% from 14.49% in the previous year[4] - The basic earnings per share for Q1 2022 was CNY 1.11, a slight increase of 1.83% from CNY 1.09 in the same period last year[4] - Basic and diluted earnings per share for the current period were both $1.11, compared to $1.09 in the previous period[33] Inventory and Payables - The company's inventory increased to CNY 650,840,595.86 from CNY 570,833,585.77, reflecting a growth of approximately 14%[24] - The accounts payable increased to CNY 319,178,840.13 from CNY 247,482,892.50, representing a growth of approximately 28.9%[27] Audit and Reliability - The first quarter report was not audited, which may impact the reliability of the financial data presented[38]

Revenue and Profitability - Revenue for Q3 2021 reached ¥146,729,392.37, an increase of 813.03% year-over-year[4] - Net profit attributable to shareholders was ¥60,042,062.07, reflecting a 1,410.71% increase compared to the same period last year[4] - The net profit excluding non-recurring gains and losses was ¥57,246,090.01, up 1,108.68% year-over-year[4] - Operating revenue increased to ¥535,350,386.47, a growth of 170.03% compared to the previous year, driven by increased product sales[12] - Net profit reached ¥175,029,907.82, reflecting a 136.20% increase year-over-year, attributed to higher sales and profitability[12] - The net profit attributable to the parent company for the current period is 175,029,907.82, compared to 74,101,030.01 in the previous period, representing an increase of approximately 136.4%[35] - The company reported a total comprehensive income of 175,029,907.82 for the current period, compared to 74,101,030.01 in the previous period, reflecting an increase of approximately 136.4%[35] Assets and Liabilities - Total assets as of September 30, 2021, amounted to ¥2,688,697,323.76, a 196.70% increase from the end of the previous year[6] - Total assets of the company reached ¥2,688,697,323.76, compared to ¥906,208,204.55, indicating a growth of approximately 196.5%[27] - Total liabilities increased to ¥648,394,440.42 from ¥399,050,635.06, representing a rise of about 62.5%[27] - Total current assets amount to approximately 762.32 million, with accounts receivable at 315.91 million and inventory at 310.03 million[45] - Total liabilities stand at approximately 399.05 million, with current liabilities totaling 393.69 million, including accounts payable of 140.32 million and short-term borrowings of 76 million[48] - Total equity attributable to shareholders is approximately 507.16 million, with retained earnings of 177.12 million and capital reserves of 244.86 million[51] Cash Flow - Cash flow from operating activities for the year-to-date period was ¥84,268,319.94, an increase of 203.29% compared to the same period last year[4] - Cash inflow from operating activities totaled 458,184,172.53, significantly higher than 124,509,614.98 in the previous period, marking an increase of approximately 267.5%[39] - The net cash flow from operating activities is 84,268,319.94, a turnaround from a net outflow of -81,588,115.38 in the previous period[39] - Cash inflow from investment activities is 335,736,287.67, compared to 93,506,144.61 in the previous period, reflecting an increase of approximately 259.5%[41] - The net cash flow from investment activities is -450,393,314.74, compared to a positive cash flow of 32,207,953.20 in the previous period, indicating a significant decline[41] - Cash inflow from financing activities is 1,451,592,210.56, a substantial increase from 66,000,000.00 in the previous period[41] - The net cash flow from financing activities is 1,383,789,497.13, compared to 34,620,148.25 in the previous period, showing a significant increase[41] - The total cash and cash equivalents at the end of the period is 1,073,892,299.11, up from 15,857,868.97 in the previous period, indicating a growth of approximately 6,757.5%[41] Shareholder Information - Shareholders' equity reached ¥2,040,302,883.34, representing a 302.30% increase compared to the end of last year[6] - The total number of common shareholders at the end of the reporting period was 15,428, with no preferred shareholders[13] - The company issued new shares, resulting in a 33.33% increase in share capital to ¥96,800,000.00[11] Research and Development - Research and development expenses rose to ¥19,030,321.34, marking a 39.79% increase, indicating a commitment to innovation[12] - Research and development expenses totaled ¥19,030,321.34, compared to ¥13,613,240.06, marking an increase of about 39.5%[31] Government Subsidies - The company reported government subsidies of ¥2,661,200.00 for the current period[7] - The company received government subsidies amounting to ¥18,610,119.96, a 236.04% increase from the previous year[12] Financial Expenses - Financial expenses increased to ¥2,965,101.38, a rise of 164.46%, primarily due to interest expenses related to pre-IPO funding[12] Future Outlook - Future outlook includes continued investment in R&D and potential market expansion strategies to sustain growth momentum[31] Inventory - The increase in inventory was 57.62%, reaching ¥488,665,359.77, due to expanded production and increased material procurement[8] - The company reported a significant increase in inventory, which reached ¥488,665,359.77, compared to ¥310,028,245.48 in the previous year[20]