Financial Performance - The company's revenue for Q1 2022 was ¥338,020,866.86, a decrease of 33.04% compared to ¥504,789,902.21 in the same period last year[3] - Net profit attributable to shareholders was ¥7,986,259.55, down 89.68% from ¥77,366,887.14 year-on-year[3] - Basic and diluted earnings per share were both ¥0.10, a decrease of 92.25% from ¥1.29 in the same period last year[3] - The net cash flow from operating activities was -¥81,540,762.52, a decline of 200.64% compared to ¥81,025,092.68 in the previous year[3] - The total comprehensive income for the period was -1,352,317.55, compared to 74,791,519.79 in the previous period[35] - The net profit for the current period is a loss of ¥2,098,857.22, compared to a net profit of ¥77,366,887.14 in the previous period[31] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,433,627,998.81, down 1.61% from ¥4,506,285,009.57 at the end of the previous year[3] - Total liabilities decreased to ¥1,344,971,376.67 from ¥1,416,276,069.89, representing a reduction of approximately 5%[27] - The company's equity attributable to shareholders increased slightly to ¥2,835,614,646.10 from ¥2,826,881,846.88[27] - Deferred income increased to ¥36,610,155.34 from ¥32,212,929.22, showing an increase of about 13.9%[27] Cash Flow - The net cash flow from investing activities was -¥214,800,368.60, an increase of 219.73% compared to -¥67,181,957.53 in the previous year, primarily due to increased payments for project and equipment[10] - The net cash flow from financing activities was ¥126,302,262.81, a significant increase of 1,729.23% compared to -¥7,752,276.63 in the previous year, mainly due to increased borrowings[10] - Cash inflow from financing activities was 322,907,526.74, significantly higher than 54,424,600.00 in the previous period[42] - Cash outflow from operating activities was 619,360,934.50, compared to 373,776,509.00 in the previous period[39] - The ending cash and cash equivalents balance was 530,401,153.67, down from 701,026,676.54 at the beginning of the period[42] Shareholder Information - The total number of common shareholders at the end of the reporting period is 11,434[11] - The largest shareholder, Wang Yayuan, holds 22.50% of the shares, totaling 18,000,000 shares[11] Operational Insights - The company's revenue has decreased year-on-year due to reduced market demand and increased competition, impacting both shipment volume and sales price[17] - The company's operating costs have increased due to rising electricity, raw material, and labor costs compared to the previous year[17] - The company reported a significant decrease in sales expenses, which fell to ¥11,024,777.64 from ¥18,027,521.58, a reduction of about 38.5%[31] - Research and development expenses increased to ¥26,334,009.96 from ¥25,375,924.34, indicating a growth of about 3.8%[31] Inventory and Assets Management - The total current assets decreased from 2,629,049,336.47 RMB to 2,485,734,049.76 RMB[21] - The cash and cash equivalents decreased from 735,356,875.77 RMB to 551,226,862.93 RMB[21] - The inventory increased from 290,686,918.09 RMB to 329,999,553.18 RMB[21] - The fixed assets decreased from 1,282,011,588.90 RMB to 1,268,041,892.00 RMB[21] - Short-term borrowings rose significantly to ¥377,478,719.84 from ¥225,517,655.09, an increase of approximately 67%[27] Future Plans - The company plans to implement the "Huangshi Xinbo Technology Co., Ltd. electronic product glass protective screen construction project" in an orderly manner[17] - The company aims to enhance production efficiency through the introduction of advanced automation equipment and the promotion of automation and information technology in production[18]

Financial Performance - The company reported a total revenue of 800 million RMB for the year 2021, representing a year-on-year increase of 15%[22] - The net profit attributable to shareholders was 120 million RMB, which is a 10% increase compared to the previous year[22] - The company's operating revenue for 2021 was approximately ¥1.88 billion, representing a 40.80% increase compared to ¥1.33 billion in 2020[29] - The net profit attributable to shareholders for 2021 was approximately ¥155.83 million, a decrease of 28.80% from ¥218.87 million in 2020[29] - The basic and diluted earnings per share for 2021 were both ¥2.34, down 35.89% from ¥3.65 in 2020[29] - The net cash flow from operating activities for 2021 was approximately ¥326.95 million, an increase of 188.03% compared to ¥113.51 million in 2020[29] - The company reported a quarterly revenue of approximately ¥504.79 million in Q1 2021, with a net profit of approximately ¥77.37 million[32] - The company experienced a net loss of approximately ¥4.11 million in Q4 2021, indicating challenges in maintaining profitability in the latter part of the year[32] - The weighted average return on equity for 2021 was 10.50%, a decrease of 21.29% from 31.79% in 2020[29] Market Expansion and Strategy - The company is focusing on expanding its market presence in Southeast Asia, targeting a 20% market share in the region by 2025[22] - The management has set a revenue growth target of 20% for 2022, driven by new product launches and market expansion efforts[22] - The company is exploring potential acquisitions to strengthen its supply chain and enhance product offerings[22] - The establishment of a joint venture, Lihau Optoelectronics, with a registered capital of RMB 200 million, aims to enhance market expansion in Europe and the United States[75] - The company aims to optimize its customer structure, particularly increasing efforts to expand into European and American markets[193] Product Development and Innovation - New product development includes the launch of a next-generation display technology expected to increase production efficiency by 30%[22] - The company completed several new product developments, including flexible glass and high-strength 3D glass, aimed at diversifying its product offerings[98] - The company has developed a new antibacterial glass coating, currently in the research phase, to meet consumer health demands[98] - The company plans to enhance its product offerings in the glass protective screen sector, focusing on AG glass, flexible glass, and microcrystalline glass[193][199] - The company is committed to increasing R&D investment in new glass protective screen technologies to meet market demand[199] Production and Capacity - The company’s production capacity is expected to significantly increase following the successful implementation of its fundraising projects, enhancing its market position[50] - The company is focusing on expanding production capacity for 3D glass products and wearable device glass to meet global demand[74] - The production automation plan includes introducing advanced equipment to improve production efficiency and product quality[197] - The company will implement a capacity expansion plan for its glass protective screen production across multiple bases in 2022[198] Financial Management and Investments - The company received government subsidies amounting to approximately ¥25.14 million in 2021, slightly down from ¥26.85 million in 2020[35] - The company reported a significant increase in financial expenses by 174.79% to ¥6,951,544.72, mainly due to increased bill discounting[97] - The company raised a total of RMB 95.27 million from oversubscribed funds, with RMB 87.60 million allocated for acquiring a 15% stake in Haotai Technology[166][168] - The company has invested a total of ¥62,803.42 million from the raised funds, with specific allocations including ¥24,043.42 million for the electronic product glass protective screen project and ¥30,000.00 million for working capital[129] - The company’s total financial liabilities related to receivables financing amounted to ¥658,143,275.75[117] Customer and Supplier Relations - The company has established stable partnerships with major panel manufacturers, enhancing its competitive edge in the market[67] - The total sales amount from the top five customers reached ¥1,384,532,441.83, accounting for 73.77% of the annual total sales[94] - The total procurement amount from the top five suppliers was ¥770,721,398.07, which is 67.01% of the annual total procurement[94] - The company received supplier awards from major clients such as Samsung Display and Huaxing Optoelectronics, recognizing its product quality and stable supply capabilities[73] Research and Development - Research and development expenses increased by 62.62% to ¥89,288,226.38, primarily due to higher R&D investments[97] - The number of R&D personnel increased by 31.67% to 582, while the proportion of R&D personnel to total employees decreased by 2.31% to 11.68%[101] - R&D investment amounted to ¥89,288,226.38, representing 4.76% of operating revenue[104] Inventory and Cost Management - The company’s inventory increased by 22.62% year-on-year, reaching 1,838 million pieces, attributed to rising sales and production volumes[89] - The company’s total operating costs increased by 60.47% to approximately ¥1.42 billion, driven by higher material and labor costs[90] - The company’s inventory increased by 49.14% year-on-year to ¥290,686,918.09, reflecting higher sales and corresponding stock levels[111] Long-term Goals and Workforce Development - The long-term goal is to become a leading manufacturer in the glass protective screen industry within the next five to ten years[192] - A systematic training program for existing employees will be established to enhance their skills and capabilities[200] - The company will establish a reasonable recruitment system to attract experienced industry professionals as it scales[200]

Revenue and Profit - The company's revenue for Q3 2021 was ¥418,915,374.24, representing a 22.00% increase year-over-year, while year-to-date revenue reached ¥1,372,584,422.32, up 50.54% compared to the same period last year[3] - Net profit attributable to shareholders for Q3 2021 was ¥32,312,943.99, a decrease of 35.82% year-over-year, with year-to-date net profit at ¥147,615,985.00, down 4.49%[3] - Basic earnings per share for Q3 2021 was ¥0.48, reflecting a decline of 42.24% compared to the same period last year[3] - Total operating revenue for the current period reached ¥1,372,584,422.32, a 50.6% increase from ¥911,747,137.36 in the previous period[26] - Net profit for the current period was ¥147,615,985.00, a decrease of 4.8% compared to ¥154,549,647.38 in the previous period[29] - Basic and diluted earnings per share for the current period were both ¥2.37, down from ¥2.58 in the previous period[32] - The company reported a total comprehensive income of ¥148,282,338.09, slightly down from ¥155,256,335.52 in the previous period[29] Assets and Liabilities - Total assets as of the end of Q3 2021 amounted to ¥3,830,097,376.87, a significant increase of 146.91% from the end of the previous year[3] - Total current assets reached ¥2,788,268,129.19 as of September 30, 2021, compared to ¥994,629,784.11 at the end of 2020, indicating a significant increase[16] - Total assets reached ¥3,830,097,376.87, compared to ¥1,551,216,111.86 at the end of 2020, showing substantial growth[19] - Total liabilities increased to ¥1,012,773,186.44, compared to ¥777,444,495.42 in the previous period, reflecting a growth of 30.2%[22] - The company’s total current liabilities include short-term borrowings of 244,899,091.61 and accounts payable of 218,458,622.27[44] - The company’s total non-current liabilities rose to ¥200,394,984.89 from ¥86,100,553.23, marking an increase of 132.8%[22] Cash Flow - The company reported a net cash flow from operating activities of ¥176,048,955.76 year-to-date, showing a slight increase of 0.33%[3] - Operating cash inflow for the period was CNY 1,411,543,097.24, an increase of 14.9% from CNY 1,227,179,875.28 in the previous period[34] - Net cash outflow from operating activities was CNY 1,235,494,141.48, compared to CNY 1,051,704,626.34 in the previous period, resulting in a net cash flow from operating activities of CNY 176,048,955.76[34] - Cash inflow from financing activities totaled CNY 2,109,342,750.56, significantly higher than CNY 144,558,397.32 in the previous period[37] - Net cash flow from financing activities was CNY 1,909,322,742.28, compared to CNY 21,987,083.15 in the previous period, indicating strong financing support[37] Research and Development - Research and development expenses increased by 93.76% year-over-year, amounting to an increase of ¥3,229.46 million, indicating a strong focus on innovation[7] - Research and development expenses for the current period were ¥66,739,010.63, an increase of 93.9% from ¥34,444,436.81 in the previous period[26] Shareholder Information - The company has a total of 20,495 common shareholders, with the largest shareholder holding 22.50% of the shares[12] - The company reported a significant increase in other current assets, which rose to ¥17,982,996.01 from ¥7,736,050.44[19] Other Financial Metrics - The weighted average return on equity for the year-to-date was 13.95%, down 9.32% from the previous year[3] - Cash and cash equivalents amounted to ¥1,876,202,155.14, up from ¥149,921,583.21 in the previous year[16] - Accounts receivable stood at ¥439,469,369.59, a decrease from ¥478,300,287.93 year-over-year[16] - Inventory increased to ¥219,249,447.57 from ¥194,902,801.46, reflecting a growth in stock levels[19] - The company reported a significant increase in cash received from operating activities, including CNY 39,148,804.38 in tax refunds, up from CNY 19,550.96 in the previous period[34] Audit and Compliance - The third quarter report was not audited, indicating a potential area for further scrutiny in financial reporting[48]