Financial Performance - Revenue for Q3 2022 reached ¥146,070,629.90, an increase of 7.94% compared to the same period last year[5] - Net profit attributable to shareholders was ¥18,466,058.85, up 7.73% year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥17,422,522.69, representing a significant increase of 19.25%[5] - Total operating revenue for the period reached CNY 463,110,021.73, an increase of 6.3% compared to CNY 433,485,534.93 in the previous period[27] - The company's net profit margin improved, with net profit increasing to CNY 65,069,886.17 from CNY 53,324,390.04, an increase of 22.0%[27] - The net profit for Q3 2022 was approximately 68.15 million, an increase of 13.7% compared to 59.90 million in Q3 2021[28] - The total revenue for Q3 2022 was 78.27 million, up from 68.67 million in the same period last year, reflecting a growth of 12.3%[28] - Operating profit for Q3 2022 reached 78.52 million, compared to 68.40 million in Q3 2021, marking an increase of 14.3%[28] - The company reported a total comprehensive income of approximately 68.13 million for Q3 2022, compared to 60.63 million in Q3 2021, representing an increase of 12.3%[29] Cash Flow and Liquidity - Cash flow from operating activities showed a net outflow of ¥51,794,486.27, a decrease of 572.92% compared to the previous year[12] - The company's cash and cash equivalents decreased to CNY 192,121,289.90 from CNY 297,015,182.39, a decline of 35.3%[24] - Cash and cash equivalents at the end of Q3 2022 totaled approximately 155.40 million, down from 269.97 million at the end of Q3 2021, a decrease of 42.3%[30] - The cash outflow from investing activities was approximately 24.98 million, compared to an outflow of 22.62 million in Q3 2021, indicating an increase in investment expenditures[30] - The cash outflow from financing activities was approximately 19.98 million, a significant decrease from an inflow of 175.10 million in the previous year, reflecting changes in financing strategy[30] Assets and Liabilities - Total assets at the end of the reporting period were ¥827,594,809.98, down 15.82% from the end of the previous year[5] - Total assets decreased to CNY 827,594,809.98 from CNY 983,074,263.68, a decline of 15.8%[26] - Total liabilities decreased to CNY 254,660,727.54 from CNY 453,948,622.77, a reduction of 43.9%[26] Shareholder Information - The company raised a total of RMB 242,622,800.00 by issuing 20,440,000 shares of common stock, with a net amount of RMB 183,481,969.30 after deducting fees[21] - The first batch of shares held by major shareholders, including Chen Xuejun and others, is subject to lock-up agreements, with specific release dates set for September 1, 2024[17] - The total number of restricted shares at the end of the reporting period was 58,487,627 shares, with 7,261,173 shares released during the period[18] - The company has a total of 63,327,300 restricted shares at the beginning of the reporting period[18] - Major shareholders include individuals such as Lu Jiaqi and Feng Weiming, holding 1,125,500 and 714,940 shares respectively[18] - The company has a significant number of shares held by related parties, with a total of 100% ownership in Xinchang Yuanwei Technology Co., Ltd.[17] Operational Metrics - Accounts receivable increased by 54.48% to ¥153,122,289.91, primarily due to reduced cash collections during the reporting period[8] - Inventory decreased by 41.83% to ¥153,281,695.43, attributed to a reduction in goods dispatched during the period[8] - The company reported a basic earnings per share of ¥0.23, down 8.00% year-on-year[5] - The weighted average return on equity was 3.28%, a decrease of 1.31% compared to the previous year[5] - Research and development expenses rose to CNY 20,775,166.07 from CNY 19,488,375.54, an increase of 6.6%[27] Future Outlook - The company plans to expand its market presence and invest in new product development to drive future growth[27]

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥317.04 million, representing a 6.33% increase compared to ¥298.16 million in the same period last year[21]. - The net profit attributable to shareholders was approximately ¥48.11 million, which is a 7.84% increase from ¥44.61 million in the previous year[21]. - Basic earnings per share decreased by 19.18% to ¥0.59 from ¥0.73 in the previous year[21]. - The total assets at the end of the reporting period were approximately ¥837.76 million, a decrease of 14.78% from ¥983.07 million at the end of the previous year[21]. - The net assets attributable to shareholders increased by 4.33% to approximately ¥550.25 million from ¥527.43 million at the end of the previous year[21]. - The weighted average return on equity decreased to 8.72% from 15.86% in the previous year, reflecting a decline of 7.14%[21]. - The gross profit margin for the main product, the stretching shaping machine, was 26.51%, with a year-on-year decrease of 1.29%[36]. - The company's net profit for the first half of 2022 was CNY 49,293,769.21, compared to CNY 44,347,917.16 in the same period last year, marking an increase of 11.06%[138]. - The total profit for the first half of 2022 was CNY 57,054,050.70, an increase from CNY 50,857,096.41 in the same period of 2021, representing a growth of 4.69%[138]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at approximately -¥44.34 million, a significant decrease of 1,630.95% compared to ¥2.90 million in the same period last year[21]. - Cash and cash equivalents decreased to ¥198.34 million, accounting for 23.68% of total assets, down from 30.21% last year, a decrease of 6.53%[39]. - The net cash flow from operating activities for the first half of 2022 was -44,337,599.55 yuan, a significant decline compared to a positive net cash flow of 2,896,076.22 yuan in the same period of 2021[143]. - Total cash inflow from operating activities decreased to 161,314,012.85 yuan in 2022, down from 190,966,799.15 yuan in 2021, representing a decline of approximately 15.5%[143]. - The total cash and cash equivalents at the end of the first half of 2022 were 162,265,452.39 yuan, compared to 76,175,057.62 yuan at the end of the first half of 2021, showing an increase of approximately 113%[145]. Investment and R&D - Research and development expenses increased by 10.29% to CNY 13,967,340.36 from CNY 12,663,917.51 in the previous year[35]. - The company maintains a commitment to R&D, introducing new products like double-layer shaping machines to meet evolving customer demands[61]. - The company has allocated 5.6 million for research and development, emphasizing its commitment to innovation[154]. Market Position and Strategy - The company is positioned in the mid-to-high-end market, facing competition primarily from Lixinmen Fuji, and aims to enhance its market share through improved product quality and after-sales service[59]. - Future outlook and strategies will be discussed in the management's analysis section, focusing on risk management and potential growth opportunities[4]. - The company has initiated new product development strategies aimed at expanding market share in the upcoming quarters[150]. - Market expansion efforts are being prioritized in regions with high growth potential, particularly in Asia[150]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares[5]. - The total equity attributable to the parent company increased from CNY 527,433,112.37 at the beginning of 2022 to CNY 550,247,771.62 by June 30, 2022, reflecting a growth of about 4.3%[131]. - The largest shareholder, Xinchang Yuanwei Technology Co., Ltd., holds 45,316,225 shares, representing 55.43% of the total shares[115]. - The company plans to lift restrictions on certain shares on September 1, 2022, for several shareholders[112]. Risks and Challenges - The company has faced significant challenges in cash flow management, as indicated by the drastic drop in operating cash flow[21]. - The company faces risks from macroeconomic fluctuations that may impact downstream demand, with a focus on adjusting operational strategies in response to economic cycles[58]. - The company is exposed to risks from raw material price fluctuations, particularly in steel, which significantly impacts production costs[60]. - The company faces risks related to R&D failures due to high investment and technical challenges in developing the shaping machine, which could lead to unrecoverable costs if key technologies do not meet expectations[63]. Corporate Governance and Compliance - There were no significant environmental violations or penalties reported during the period, and the company is not classified as a key pollutant discharge unit[73]. - The company has maintained a good integrity status, with no significant legal judgments or debts that remain unpaid during the reporting period[87]. - The company did not engage in any significant related party transactions during the reporting period[88]. - The company did not undergo any changes in its controlling shareholder or actual controller during the reporting period[119]. Financial Reporting and Accounting - The company's financial report for the first half of 2022 was not audited[127]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that the financial reports are true and complete[165]. - The company consolidates financial statements for the entire corporate group as a single accounting entity, reflecting overall financial status, operating results, and cash flows[172].

Financial Performance - The company reported a significant increase in revenue, with a year-on-year growth of 20% in 2021[12]. - The company's operating revenue for 2021 was CNY 577,454,609.38, representing a 40.63% increase compared to CNY 410,610,177.06 in 2020[18]. - The net profit attributable to shareholders for 2021 was CNY 85,262,276.58, a 31.77% increase from CNY 64,706,764.95 in 2020[18]. - The total assets at the end of 2021 were CNY 983,074,263.68, up 56.67% from CNY 627,487,556.52 at the end of 2020[18]. - The net assets attributable to shareholders at the end of 2021 were CNY 527,433,112.37, an increase of 103.62% from CNY 259,027,221.66 at the end of 2020[18]. - The basic earnings per share for 2021 was CNY 1.25, reflecting a 17.92% increase from CNY 1.06 in 2020[18]. - The total revenue for the year 2022 was 8,964,252 million, indicating a significant performance[104]. Dividend Distribution - The company plans to distribute a cash dividend of 3.00 RMB per 10 shares to all shareholders, based on a total of 81,752,500 shares[5]. - The proposed cash dividend for the year is 3.00 RMB per 10 shares, totaling 24,525,750.00 RMB[131]. - The cash dividend represents 100% of the total distributable profits for the year[129]. - The cash dividend distribution plan was approved by the board and complies with the company's articles of association[128]. Market Position and Strategy - The company is focusing on expanding its market presence and enhancing its product offerings through new technology development[12]. - The company aims to enhance energy efficiency in stenter machines, currently utilizing only 30% of input energy effectively, with plans to improve this through advanced heat recovery and energy optimization technologies[36]. - The company is positioned in the high-end equipment manufacturing sector, focusing on energy-saving and environmentally friendly textile machinery[27]. - The company aims to expand its domestic market share while actively exploring overseas markets, with a focus on becoming an international production service enterprise centered on the research, production, and sales of shaping machines[84]. Research and Development - The company has developed the "Y2088 series hot air stenter machine," recognized as a provincial industrial new product, and has received multiple accolades for its innovative products, including the "2021 Zhejiang Province first set of equipment" award for the "Y9000 dual-layer high-efficiency energy-saving digital stenter machine"[31][38]. - The company holds 141 patents, including 9 invention patents, and has been recognized as a national high-tech enterprise, indicating strong research and development capabilities[34][38]. - The company is committed to continuous R&D investment and has launched new products like the double-layer shaping machine to meet evolving customer needs[90]. - The company emphasizes the importance of innovation and customer feedback in guiding its R&D efforts to remain competitive in a technology-intensive industry[91]. Governance and Compliance - The company has established a governance structure consisting of the shareholders' meeting, board of directors, supervisory board, and management team, ensuring compliance with relevant laws and regulations[95]. - The company maintains complete control over its assets, with no guarantees provided to shareholders or related parties, ensuring no asset or fund occupation by the controlling shareholder[96]. - The company has not reported any major changes in the fair value measurement of financial assets and liabilities[73]. - The company has not identified any risks during the supervisory activities of the supervisory board[122]. Share Structure and Ownership - The total number of shares increased from 61,312,500 to 81,752,500 after the issuance of 20,440,000 new shares[190]. - The largest shareholder, New Changxing Yuanwei Technology Co., Ltd., holds 55.43% of the shares, totaling 45,316,200 shares[191]. - The company has a total of 14,521 shareholders as of the end of the reporting period[191]. - The company has a total of 17,479,347 unrestricted shares, accounting for 21.38% of the total shares[1]. Risk Management - The company has identified major risks in its operations and outlined corresponding mitigation strategies in its future outlook section[5]. - The company faces risks from macroeconomic fluctuations that could impact downstream textile industry demand, which is crucial for its business[85]. - The company has identified risks related to raw material price fluctuations, particularly in steel, which could affect its gross margin if not managed effectively[89]. Employee and Management - The total number of employees at the end of the reporting period is 444, with 360 in the parent company and 84 in major subsidiaries[123]. - The company emphasizes the training of R&D talents and collaborates with key textile universities for technical exchanges and training[126]. - The company has established a performance evaluation system for technical personnel, linking their performance to salary adjustments and bonuses[125]. Transparency and Communication - The company is committed to maintaining transparency and has made its annual report available on multiple media platforms[15]. - The company ensured transparent communication with investors through multiple channels, maintaining the quality of information disclosure[141]. - The company is committed to maintaining transparency and accountability in its financial reporting and governance practices[104].

Financial Performance - Revenue for Q1 2022 was CNY 116,131,827.83, an increase of 11.68% compared to CNY 103,985,820.29 in the same period last year[3] - Net profit attributable to shareholders decreased by 12.66% to CNY 10,616,666.91 from CNY 12,155,217.73 year-on-year[3] - Basic and diluted earnings per share fell by 34.49% to CNY 0.1299 from CNY 0.1983 in the previous year[3] - Total operating revenue for Q1 2022 was CNY 116,131,827.83, an increase of 11.0% compared to CNY 103,985,820.29 in Q1 2021[22] - Total operating costs for Q1 2022 were CNY 104,651,247.57, up 11.1% from CNY 94,138,642.72 in the same period last year[22] - Net profit for Q1 2022 was CNY 11,763,964.68, representing a 2.0% increase from CNY 11,535,922.61 in Q1 2021[24] - Earnings per share for Q1 2022 were CNY 0.1299, down from CNY 0.1983 in Q1 2021[25] - The company reported a comprehensive income total of CNY 12,136,011.06 for Q1 2022, compared to CNY 11,415,320.95 in Q1 2021[25] Cash Flow and Liquidity - Net cash flow from operating activities was negative at CNY -27,714,717.68, a decline of 28.98% compared to CNY -21,487,666.17 in the same period last year[3] - Cash inflow from operating activities in Q1 2022 totaled CNY 51,209,455.41, compared to CNY 76,353,275.38 in Q1 2021[26] - The cash flow from sales of goods and services in Q1 2022 was CNY 43,125,828.65, reflecting a decrease from CNY 73,732,228.32 in Q1 2021[26] - The company reported a total cash outflow of 78,924,173.09 from operating activities, down from 97,840,941.55, indicating a reduction of about 19.3%[28] - The total cash and cash equivalents at the end of the period were 215,538,516.89, a decrease from 251,774,264.17 at the beginning of the period, representing a decline of approximately 14.3%[29] - The company experienced a significant decrease in cash and cash equivalents, with a net decrease of 36,235,747.28 compared to a net decrease of 47,019,459.17 in the previous year[29] Assets and Liabilities - Total assets decreased by 3.84% to CNY 945,298,489.98 from CNY 983,074,263.68 at the end of the previous year[3] - Accounts receivable increased by 31.58% compared to the beginning of the year, driven by business growth during the reporting period[8] - Cash and cash equivalents decreased to CNY 220,186,953.38 from CNY 297,015,182.39, representing a decline of about 25.9%[18] - Inventory rose to CNY 271,666,288.98 from CNY 263,489,225.57, indicating an increase of about 3.4%[19] - Total liabilities decreased to CNY 404,036,838.04 in Q1 2022 from CNY 453,948,622.77 in Q1 2021[21] - Total equity attributable to shareholders increased to CNY 538,421,825.63 in Q1 2022 from CNY 527,433,112.37 in Q1 2021[21] Research and Development - R&D expenses increased by 41.30% compared to the same period last year, indicating a rise in investment in innovation[8] - Research and development expenses for Q1 2022 were CNY 6,610,886.40, an increase of 41.4% from CNY 4,678,704.95 in Q1 2021[22] Management and Governance - The company appointed a new CFO, Cai Fangqi, effective February 24, 2022, following the resignation of the previous CFO, Liang Yongzhong[15] - The company plans to lift the trading restrictions on 953,653 shares, which were part of the initial public offering, effective March 1, 2022[16] Other Financial Information - The company received government subsidies amounting to CNY 651,358.53, primarily related to patents and high-tech support[6] - The company did not conduct an audit for the first quarter report, which may affect the reliability of the financial data presented[30] - The total cash outflow from financing activities included 10,011,977.77 for debt repayment, highlighting the company's focus on managing its liabilities[29] - The impact of exchange rate changes on cash and cash equivalents was -35,655.10, indicating a negative effect on the cash position[29]

Financial Performance - The company's revenue for Q3 2021 reached ¥135,324,522.75, representing a 74.42% increase compared to the same period last year[3] - Net profit attributable to shareholders was ¥17,141,844.23, a significant increase of 121.40% year-over-year[3] - The basic earnings per share (EPS) was ¥0.25, reflecting a growth of 109.68% compared to the previous year[3] - Total operating revenue for Q3 2021 reached CNY 433,485,534.93, a significant increase of 62.4% compared to CNY 266,951,242.19 in the same period last year[19] - Net profit for Q3 2021 was CNY 59,895,844.99, representing a 66.5% increase from CNY 36,048,404.46 in Q3 2020[20] - The company reported a total comprehensive income of CNY 60,628,651.94 for the quarter, compared to CNY 36,118,155.97 in the previous year, reflecting a growth of 67.8%[21] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥980,803,251.74, up 56.31% from the end of the previous year[3] - The company's total assets increased to CNY 980,803,251.74, compared to CNY 627,487,556.52 in the previous year, reflecting a growth of 56.3%[18] - Total liabilities rose to CNY 476,563,387.76, up from CNY 367,358,313.78, marking a 29.7% increase year-over-year[18] - The total current assets reached ¥687,278,317.46, compared to ¥383,158,371.74 at the end of 2020, marking an increase of 79.3%[16] Shareholder Information - The total number of common shareholders at the end of the reporting period is 15,632, with no preferred shareholders[10] - The largest shareholder, Xinchang Yuanwei Technology Co., Ltd., holds 55.43% of the shares, totaling 45,316,225 shares[10] - The top ten shareholders collectively hold 76.14% of the company's shares, indicating a high concentration of ownership[10] - The company has no preferred shareholders as of the reporting period[12] Cash Flow - The company reported a net cash flow from operating activities of ¥10,951,950.70, which decreased by 77.97% year-to-date[9] - Cash inflow from operating activities reached ¥300,707,274.78, up from ¥220,651,559.87 in the previous period, representing an increase of approximately 36%[23] - Net cash flow from operating activities was ¥10,951,950.70, a decrease of 78% compared to ¥49,717,120.16 in the prior period[23] - Cash inflow from financing activities totaled ¥206,582,800.00, significantly higher than ¥31,800,000.00 in the previous period, marking an increase of over 548%[24] - The total cash and cash equivalents at the end of the period amounted to ¥269,973,384.79, up from ¥51,086,170.83 at the end of the previous period, reflecting a net increase of 426%[24] Research and Development - Research and development expenses increased by 41.35% year-over-year, indicating a focus on innovation and product development[7] - Research and development expenses for the quarter were CNY 19,488,375.54, an increase of 41.5% compared to CNY 13,787,006.67 in Q3 2020[20] Equity - The total equity attributable to shareholders rose to ¥504,995,143.77, a 94.96% increase from the previous year[3] - The equity attributable to shareholders of the parent company increased to CNY 504,995,143.77, compared to CNY 259,027,221.66, a growth of 94.9%[18] - The retained earnings stood at CNY 158,259,538.04[29] - The total owner's equity reached CNY 260,129,242.74[29] Accounting Standards - The company is implementing new leasing standards starting from 2021, which may impact financial reporting and asset valuation going forward[25] - The company implemented the revised accounting standard for leases starting January 1, 2021[29] - The company adjusted right-of-use assets by CNY 4,263,434.03 due to the new leasing standard[29] Miscellaneous - The company has a total of 61,312,500 restricted shares, with no shares released during the reporting period[14] - The company plans to release 2,044,000 shares from the post-IPO restricted category on September 1, 2022[13] - The company has not audited the third-quarter report[30]