[Major Financial Data](index=2&type=section&id=Major%20Financial%20Data) This section provides an overview of the company's key financial performance indicators and their significant changes during the reporting period [Key Accounting Data and Financial Indicators](index=2&type=section&id=Key%20Accounting%20Data%20and%20Financial%20Indicators) The company experienced a year-on-year decline in operating revenue and net profit attributable to shareholders in the first three quarters of 2022, while operating cash flow increased 2022 First Three Quarters Key Financial Indicators | Indicator | Year-to-Date (RMB) | Year-to-Date Change from Prior Period | | :--- | :--- | :--- | | Operating Revenue (RMB) | 256,087,217.52 | -10.57% | | Net Profit Attributable to Shareholders (RMB) | 38,982,999.15 | -34.47% | | Net Profit Attributable to Shareholders Excluding Non-recurring Gains and Losses (RMB) | 29,236,624.10 | -43.27% | | Net Cash Flow from Operating Activities (RMB) | 41,811,229.12 | 14.31% | | Basic Earnings Per Share (RMB/share) | 0.60 | -51.22% | | Weighted Average Return on Net Assets | 4.90% | -10.89% | | Total Assets (RMB) | 988,746,040.25 | 8.21% (vs. end of prior year) | | Total Equity Attributable to Shareholders (RMB) | 793,517,090.65 | 0.86% (vs. end of prior year) | [Non-recurring Gains and Losses Items and Amounts](index=2&type=section&id=Non-recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) Non-recurring gains and losses totaled **9.746 million RMB** in the first three quarters of 2022, mainly from wealth management income and government grants 2022 First Three Quarters Non-recurring Gains and Losses Items | Item | Year-to-Date Amount (RMB) | | :--- | :--- | | Government Grants | 3,276,431.66 | | Fair Value Changes and Investment Income from Financial Assets | 2,388,898.77 | | Investment Income from Wealth Management Products | 6,180,793.00 | | Net Other Non-operating Income and Expenses | -401,407.99 | | Gains and Losses on Disposal of Non-current Assets | 96,399.40 | | **Total** | **9,746,375.05** | [Analysis of Major Financial Data Changes](index=3&type=section&id=Analysis%20of%20Major%20Financial%20Data%20Changes) Significant changes in financial indicators include a substantial increase in fixed assets and notes payable, a decrease in financial expenses due to exchange gains, and a reduction in net cash flow from financing activities Consolidated Balance Sheet Major Changes | Item | Change Percentage | Primary Reason | | :--- | :--- | :--- | | Receivables Financing | 434.37% | Increase in unexpired bank acceptance bills at period-end | | Fixed Assets | 274.95% | Capitalization of construction in progress and new fixed assets | | Notes Payable | 498.61% | Increased use of bank bill settlements | | Employee Remuneration Payable | -58.17% | Year-end bonuses accrued last year were paid this year | Consolidated Income Statement Major Changes | Item | Change Percentage | Primary Reason | | :--- | :--- | :--- | | Financial Expenses | -7791.62% | Increase in exchange gains[9](index=9&type=chunk) | | Investment Income | 250.66% | Increased income from wealth management of idle funds[9](index=9&type=chunk) | | Fair Value Change Gains | 448.38% | Increase in unexpired structured wealth management products and expected returns[10](index=10&type=chunk) | Consolidated Cash Flow Statement Major Changes | Item | Change Percentage | Primary Reason | | :--- | :--- | :--- | | Net Cash Flow from Investing Activities | 63.50% | Decrease in net increase from wealth management purchases[10](index=10&type=chunk) | | Net Cash Flow from Financing Activities | -106.50% | Increase in dividend distribution and decrease in cash received from other financing activities[10](index=10&type=chunk) | [Shareholder Information](index=4&type=section&id=Shareholder%20Information) This section details the company's shareholder structure, including the total number of shareholders, top ten holdings, and changes in restricted shares [Common Shareholder Count, Voting Rights Restored Preferred Shareholder Count and Top Ten Shareholders' Holdings](index=4&type=section&id=Common%20Shareholder%20Count%2C%20Voting%20Rights%20Restored%20Preferred%20Shareholder%20Count%20and%20Top%20Ten%20Shareholders%27%20Holdings) The company has **7,957** common shareholders as of the end of the reporting period[12](index=12&type=chunk) Top Ten Shareholders' Holdings | Shareholder Name | Holding Percentage | Number of Shares Held | | :--- | :--- | :--- | | Lu Xiaobo | 25.73% | 16,610,000 | | Xiong Wei | 18.67% | 12,051,920 | | Gongqingcheng Ruibo Investment Management Partnership | 6.20% | 4,000,000 | | Yu Qingfan | 5.60% | 3,612,880 | | Ningbo Dingyou Enterprise Management Partnership | 4.77% | 3,080,000 | | Gongqingcheng Linghui Investment Management Partnership | 4.65% | 3,000,000 | | Transfar Holding Group Co., Ltd. | 4.34% | 2,800,000 | | Henan Hongke Military-Civilian Integration Industry Investment Fund | 2.67% | 1,720,400 | | Shanghai Yihong Zhihe Investment Management Co., Ltd. | 1.55% | 1,000,000 | | Shanghai Zhizhao Investment Management Center | 0.77% | 500,000 | - The company's controlling shareholder, Mr. Lu Xiaobo, and the fourth largest shareholder, Ms. Yu Qingfan, are a married couple and are the actual controllers of the company[13](index=13&type=chunk) [Changes in Restricted Shares](index=5&type=section&id=Changes%20in%20Restricted%20Shares) The company lifted restrictions on **28.15 million** shares during the period, primarily pre-IPO restricted shares, reducing the total restricted shares to **29.26 million** - During the reporting period, the company had **28,152,320** shares released from restriction, primarily pre-IPO restricted shares, with an unlocking date of September 23, 2022[15](index=15&type=chunk)[16](index=16&type=chunk) Restricted Share Movement | Item | Number of Shares | | :--- | :--- | | Restricted Shares at Beginning of Period | 48,375,200 | | Shares Released from Restriction in Current Period | 28,152,320 | | Shares Added to Restriction in Current Period | 9,038,940 | | Restricted Shares at End of Period | 29,261,820 | [Other Significant Matters](index=6&type=section&id=Other%20Significant%20Matters) This section confirms that there are no other significant matters requiring disclosure during the reporting period [Other Significant Matters](index=6&type=section&id=Other%20Significant%20Matters) The company reported no other significant matters requiring disclosure during the current period[17](index=17&type=chunk) [Quarterly Financial Statements](index=6&type=section&id=Quarterly%20Financial%20Statements) This section presents the company's unaudited consolidated financial statements for the third quarter of 2022 [Financial Statements](index=6&type=section&id=Financial%20Statements) This section includes the company's consolidated balance sheet as of September 30, 2022, and consolidated income and cash flow statements for the first nine months of 2022 [Consolidated Balance Sheet](index=6&type=section&id=Consolidated%20Balance%20Sheet) As of September 30, 2022, total assets reached **989 million RMB**, total liabilities **189 million RMB**, and equity attributable to parent company owners **794 million RMB** Balance Sheet Key Data (September 30, 2022) | Item | Amount (RMB) | Change from Beginning of Year | | :--- | :--- | :--- | | Total Assets | 988,746,040.25 | 8.21% | | Total Liabilities | 188,953,051.54 | 53.84% | | Total Equity Attributable to Parent Company Owners | 793,517,090.65 | 0.86% | [Consolidated Income Statement](index=8&type=section&id=Consolidated%20Income%20Statement%20from%20Beginning%20of%20Year%20to%20End%20of%20Reporting%20Period) For the first three quarters of 2022, operating revenue was **256 million RMB**, net profit attributable to parent company shareholders was **38.98 million RMB**, and basic earnings per share was **0.60 RMB** Income Statement Key Data (2022 First Three Quarters) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Total Operating Revenue | 256,087,217.52 | 286,346,319.78 | | Operating Profit | 47,999,446.98 | 70,099,658.04 | | Total Profit | 47,576,994.97 | 69,907,347.85 | | Net Profit Attributable to Parent Company Shareholders | 38,982,999.15 | 59,491,864.70 | | Basic Earnings Per Share | 0.60 | 1.23 | [Consolidated Cash Flow Statement](index=10&type=section&id=Consolidated%20Cash%20Flow%20Statement%20from%20Beginning%20of%20Year%20to%20End%20of%20Reporting%20Period) Net cash flow from operating activities was **41.81 million RMB**, while investing and financing activities resulted in net outflows of **63.12 million RMB** and **30.09 million RMB** respectively Cash Flow Statement Key Data (2022 First Three Quarters) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 41,811,229.12 | 36,576,689.27 | | Net Cash Flow from Investing Activities | -63,123,864.95 | -172,927,586.93 | | Net Cash Flow from Financing Activities | -30,086,185.93 | 462,578,990.42 | | Net Increase in Cash and Cash Equivalents | -48,379,805.83 | 326,215,760.80 | [Audit Report](index=11&type=section&id=Audit%20Report) This section states that the company's third-quarter report for 2022 is unaudited - The company's third-quarter report is unaudited[28](index=28&type=chunk)

Financial Performance - The company's operating revenue for the first half of 2022 was ¥139,105,947.69, a decrease of 5.10% compared to ¥146,586,445.13 in the same period last year[21]. - The net profit attributable to shareholders was ¥17,445,884.04, down 39.97% from ¥29,062,172.31 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was ¥12,367,319.23, a decline of 47.14% compared to ¥23,398,117.78 in the same period last year[21]. - The net cash flow from operating activities was ¥11,349,814.77, a decrease of 58.36% from ¥27,256,637.45 in the previous year[21]. - Basic earnings per share were ¥0.27, down 55.00% from ¥0.60 in the same period last year[21]. - The gross profit margin for HVLS fans was 39.93%, down 3.95% from the previous year, with revenue from HVLS fans at ¥117,923,064.01, a decrease of 11.25% year-on-year[60]. - The company's total comprehensive income for the first half of 2022 was CNY 18,964,850.02, down from CNY 29,389,599.12 in the same period last year[170]. - The company's net profit for the first half of 2022 was CNY 45,024,433.92, a significant increase from CNY 23,029,488.15 in the same period of 2021, representing an increase of approximately 95.5%[173]. Assets and Liabilities - Total assets at the end of the reporting period were ¥960,064,624.96, an increase of 5.08% from ¥913,688,172.94 at the end of the previous year[21]. - The net assets attributable to shareholders decreased by 1.86% to ¥772,111,103.65 from ¥786,765,490.47 at the end of the previous year[21]. - The company's cash and cash equivalents decreased by 100.74% to -¥65,661,985.93, primarily due to reduced cash flow from financing and operating activities[58]. - The total liabilities rose to CNY 182,512,200.13 from CNY 122,822,998.14, which is an increase of approximately 48.7%[163]. - Long-term borrowings increased to CNY 52,540,000.00 from CNY 40,543,690.85, showing a growth of approximately 29.6%[163]. Market and Industry Outlook - The global HVLS fan market is expected to reach approximately $1.2 billion by 2025, with an annual growth rate of over 10%[30]. - The domestic HVLS fan market in China is projected to reach 3.5 billion yuan by 2025, achieving an average annual growth rate of over 17%[31]. - The HVLS fan industry is still in a rapid development phase with low market penetration, indicating significant growth potential[44]. Research and Development - Research and development investment increased by 13.99% to ¥6,025,414.47, reflecting the company's commitment to enhancing its R&D capabilities[58]. - The company is committed to continuous research and development of new products and technologies, aiming to meet diverse customer needs and strengthen its innovation capabilities[95]. - The company has developed several core technologies, including permanent magnet synchronous motor technology and new blade technology, to maintain its competitive edge in the market[95]. Corporate Strategy and Management - The company aims to become a leading provider of "green industrial solutions" by integrating technology, products, and professional services[32]. - The company has established a mixed production model combining MTS (Make to Stock) and MTO (Make to Order) to optimize production efficiency[39]. - The company has implemented a comprehensive procurement management system to ensure quality and timely delivery from suppliers[38]. - The company has developed a comprehensive management structure that enhances operational efficiency through systematic and information-based management[41]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares[4]. - The company emphasizes the protection of shareholder and creditor rights by adhering to legal regulations and improving its governance structure[107]. - The company has not encountered any significant changes in the feasibility of the projects or reasons for not meeting planned progress or expected returns[81]. Social Responsibility and Sustainability - The company actively engages in social responsibility initiatives, aiming to create value and contribute to sustainable development[106]. - The company is committed to environmental sustainability, implementing low-carbon office practices and clean production methods to minimize negative environmental impacts[109]. - The company has installed photovoltaic green energy generation equipment in its production facilities, significantly reducing carbon emissions[110]. Risks and Challenges - The management has highlighted potential risks and countermeasures in the report, urging investors to remain aware of these factors[3]. - The company is facing risks from market competition, which may lead to a decline in average profit margins in the HVLS fan industry[93]. - The ongoing COVID-19 pandemic has created uncertainties affecting customer development, production, logistics, and on-site services, necessitating enhanced risk management[96].

Financial Performance - The company reported a profit distribution plan of 5.00 RMB per 10 shares (including tax) for all shareholders, based on a total of 64,555,200 shares[5]. - The company's operating revenue for 2021 was ¥343,165,051.50, representing a 22.14% increase compared to ¥280,951,067.61 in 2020[21]. - The net profit attributable to shareholders decreased by 14.96% to ¥53,801,254.36 in 2021 from ¥63,264,942.04 in 2020[21]. - The net profit after deducting non-recurring gains and losses was ¥46,629,661.39, down 11.53% from ¥52,705,198.62 in the previous year[21]. - The total assets at the end of 2021 reached ¥913,688,172.94, a significant increase of 121.17% from ¥413,121,140.73 at the end of 2020[21]. - The net assets attributable to shareholders increased by 127.04% to ¥786,765,490.47 at the end of 2021 from ¥346,536,080.36 at the end of 2020[21]. - The basic earnings per share decreased by 21.37% to ¥1.03 in 2021 from ¥1.31 in 2020[21]. - The weighted average return on equity dropped to 11.44% in 2021 from 20.09% in 2020, a decline of 8.65%[21]. - The company achieved a revenue of CNY 343.17 million in 2021, representing a year-on-year growth of 22.14%[66]. - The net profit attributable to the parent company was CNY 53.80 million, a decrease of 14.96% compared to the previous year[66]. Market Position and Growth - The global HVLS fan market size was approximately $648 million in 2019, with an expected growth to about $1.2 billion by 2025, achieving an annual growth rate of over 10%[31]. - The domestic HVLS fan market size reached approximately 1.333 billion yuan in 2019, with a projected growth to 3.5 billion yuan by 2025, representing an average annual growth rate of over 17%[32]. - The company's HVLS fan product sales revenue in the domestic market for 2019 was 229.67 million yuan, capturing a market share of 17.23%[35]. - The company has established a leading position in the domestic HVLS fan industry through continuous R&D investment and technological accumulation, recognized by numerous domestic and international clients[35]. - The HVLS fan industry is still in a rapid development phase with low market penetration, indicating significant growth potential[54]. Research and Development - R&D investment reached CNY 13.80 million, up 20.13%, accounting for 4.02% of total revenue[66]. - The company has accumulated 99 utility model patents, 2 invention patents, and 3 design patents, showcasing its commitment to innovation[58]. - The company has developed core technologies including permanent magnet synchronous motor technology and new blade technology, enhancing its competitive edge[55]. - The company aims to increase its R&D investment to accelerate new product innovation, focusing on optimizing product structure and enhancing the development capabilities of new technologies and products[123]. - The company is committed to continuous R&D in new products and technologies to maintain its competitive advantage and meet diverse customer needs[131]. Operational Strategy - The company has implemented a mixed production model combining Make-to-Stock (MTS) and Make-to-Order (MTO) to enhance responsiveness and reduce costs[49]. - The company’s procurement strategy includes a "production-based ordering" approach to ensure timely delivery and stable quality of raw materials[46]. - The company has a diverse customer base, including major clients from logistics, e-commerce, food and beverage, automotive manufacturing, and public venues[43]. - The company emphasizes the importance of risk awareness regarding future plans and development strategies, highlighting potential operational risks and corresponding countermeasures[5]. Corporate Governance - The company has established a transparent information disclosure system, ensuring timely and accurate communication with investors[142]. - The board of directors consists of 9 members, including 3 independent directors, and held 5 meetings during the reporting period[137]. - The supervisory board comprises 3 members, including 1 employee representative, and convened 4 meetings during the reporting period[138]. - The company maintains independent operations in terms of assets, personnel, finance, and business, ensuring no violations of regulations regarding asset guarantees[143][144][145]. - The company has a governance structure that does not involve any differential voting rights arrangements[152]. Environmental and Social Responsibility - The company has outlined its commitment to environmental and social responsibilities, reflecting its strategic focus on sustainable practices[5]. - The company emphasizes low-carbon operations and sustainable development, implementing paperless offices and utilizing new ventilation systems to reduce air conditioning usage[195]. - The company actively engages in public welfare by sourcing agricultural products from Yunnan's Xishuangbanna for employee welfare, supporting poverty alleviation initiatives[197]. - The company promotes green manufacturing concepts through regular employee training and education on energy conservation and low-carbon practices[196]. - The company has installed photovoltaic green energy generation equipment in production facilities, significantly reducing carbon emissions from production processes[196]. Employee Management - The total number of employees at the end of the reporting period was 494, with 172 in the parent company and 322 in major subsidiaries[174]. - The company has established a comprehensive employee training system, including E-learning platforms and both internal and external training programs[177]. - The company emphasizes a competitive compensation system based on performance, with a focus on talent development and a diverse benefits structure[176]. - The professional composition included 75 production personnel, 163 sales personnel, 46 technical personnel, 21 financial personnel, 52 administrative personnel, and 137 installation service personnel[175]. Financial Management - The company’s cash flow from investing activities was negative CNY 43.47 million, a significant decrease of 1,063.05% year-on-year[67]. - The company’s cash flow from financing activities increased to CNY 42.23 million, a growth of 4,802.88% year-on-year, primarily due to successful fundraising from its listing[67]. - The company reported a total of RMB 1.086 billion in investment income from financial assets, with a cumulative investment return of RMB 2.70 million[105]. - The company has a total of CNY 40,000,000 in committed investment projects, with CNY 38,535,220 utilized as of the reporting date[113]. Risk Management - The company recognizes the risk of market demand fluctuations due to macroeconomic conditions and plans to enhance its operational management and market development efforts to mitigate these risks[127]. - The company is addressing the risk of raw material price fluctuations, which account for approximately 80% of its operating costs, by optimizing production processes and implementing centralized procurement strategies[130]. - The company is monitoring the ongoing COVID-19 pandemic and is taking measures to minimize its impact on business operations and logistics[132].

Financial Performance - The company's revenue for Q1 2022 was ¥27,877,496.58, representing a decrease of 19.41% compared to ¥34,592,839.93 in the same period last year[3] - The net profit attributable to shareholders was a loss of ¥5,179,461.44, a decline of 270.86% from a profit of ¥3,031,458.67 in the previous year[3] - The net cash flow from operating activities was negative at ¥14,843,728.14, a significant drop of 8,987.21% compared to a positive cash flow of ¥167,023.41 in the same period last year[3] - The basic and diluted earnings per share were both -¥0.08, down 233.33% from ¥0.06 in the previous year[3] - Total operating revenue for the current period is CNY 27,877,496.58, compared to CNY 34,592,839.93 in the previous period[22] - Net profit for the current period is a loss of CNY 4,908,261.28, compared to a profit of CNY 3,257,430.80 in the previous period[23] - Operating profit for the current period is a loss of CNY 4,374,328.15, compared to a profit of CNY 3,996,612.43 in the previous period[23] - The net profit attributable to the parent company was -5,179,461.44 CNY, compared to a profit of 3,031,458.67 CNY in the previous period[24] - The total comprehensive income attributable to the parent company was -5,054,192.88 CNY, down from 3,028,835.30 CNY in the previous period[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥898,927,966.48, a decrease of 1.62% from ¥913,688,172.94 at the end of the previous year[3] - Total liabilities decreased to CNY 112,777,452.88 from CNY 122,822,998.14 at the beginning of the year[20] - Current assets decreased to CNY 663,808,082.04 from CNY 709,596,007.12 at the beginning of the year[19] - Cash and cash equivalents decreased to CNY 136,178,111.38 from CNY 172,775,312.69 at the beginning of the year[19] - Inventory increased to CNY 70,441,352.79 from CNY 58,894,646.18 at the beginning of the year[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 10,604[10] - The top ten shareholders hold a total of 48,375,200 shares, with significant stakes from major investors such as Lu Xiaobo and Yu Qingfan[13] - Lu Xiaobo holds 16,610,000 shares, which are subject to a lock-up period until September 23, 2024[13] - The company has not reported any changes in the number of restricted shares during the current period, maintaining a total of 48,375,200 restricted shares[13] - The company’s major shareholders include Ningbo Dingyou Enterprise Management Partnership and Congqing Cheng Linghui Investment Management Partnership, holding 4.77% and 4.65% of shares respectively[12] Cash Flow - Cash inflow from operating activities was 46,344,022.10 CNY, a decrease from 61,277,896.31 CNY in the previous period[26] - The net cash flow from operating activities was -14,843,728.14 CNY, compared to a positive flow of 167,023.41 CNY in the previous period[26] - Cash inflow from investment activities was 496,513,430.85 CNY, significantly higher than 38,872,481.49 CNY in the previous period[27] - The net cash flow from investment activities was -20,300,959.64 CNY, compared to -67,716,652.01 CNY in the previous period[27] - The net cash flow from financing activities was 7,031,355.98 CNY, recovering from -990,003.57 CNY in the previous period[27] - The ending cash and cash equivalents balance was 134,627,246.51 CNY, up from 52,793,793.34 CNY in the previous period[27] Strategic Initiatives - The company plans to establish a new entity focused on mobile energy storage systems, aiming to enhance its offerings in safe, efficient, and intelligent energy solutions[16] - The company is actively pursuing external investments to deepen its industry layout and enhance team creativity, aligning with its strategic development goals[15] - The company’s financial report indicates a focus on expanding its market presence and exploring new technologies[16] - The company’s wholly-owned subsidiary is in the process of establishing a new company to enhance its product solutions in the energy sector[16] - The company’s strategic initiatives are aimed at promoting business expansion and operational development[15] Expenses - The company experienced a 61.18% increase in sales expenses, totaling ¥10,887,256.72, attributed to higher personnel and market expansion costs[8] - The report for the first quarter was not audited[28]

Financial Performance - The company's revenue for Q3 2021 was ¥139,759,874.65, representing an 18.09% increase year-over-year, while the year-to-date revenue reached ¥286,346,319.78, up 28.28% compared to the same period last year[3] - Net profit attributable to shareholders for Q3 2021 was ¥30,429,692.39, a decrease of 10.36% year-over-year, with a year-to-date net profit of ¥59,491,864.70, reflecting a 7.11% increase[3] - The company's basic earnings per share for Q3 2021 was ¥0.630, down 10.36% from the previous year, while the diluted earnings per share remained the same[3] - Total operating revenue for the third quarter was CNY 286,346,319.78, an increase from CNY 223,220,690.59 in the previous period[22] - Net profit for the quarter reached CNY 60,262,558.95, compared to CNY 55,871,782.92 in the same period last year, reflecting a growth of approximately 7.5%[24] - The company reported a total comprehensive income of CNY 60,305,628.88 for the quarter, compared to CNY 55,684,312.94 in the previous year[24] Assets and Liabilities - Total assets at the end of Q3 2021 amounted to ¥963,405,697.93, a significant increase of 133.20% compared to the end of the previous year[3] - The company's total assets increased to CNY 963,405,697.93, up from CNY 413,121,140.73 year-on-year[21] - Total liabilities rose to CNY 167,797,535.22, compared to CNY 63,637,434.22 in the previous year[21] - Total equity attributable to shareholders of the parent company was CNY 791,880,730.90, significantly higher than CNY 346,536,080.36 in the previous period[21] Cash Flow - The company's cash flow from operating activities for the year-to-date period was ¥36,576,689.27, showing a 64.02% increase compared to the same period last year[3] - The company experienced a 64.02% increase in net cash flow from operating activities, attributed to expanded business scale and increased customer payments[9] - Operating cash flow for the current period was CNY 36,576,689.27, an increase of 64% compared to CNY 22,300,041.87 in the previous period[26] - The company reported a net increase in cash and cash equivalents of CNY 326,215,760.80, compared to CNY 77,824,709.26 in the previous period[27] Investments - The company’s investment activities generated a net cash outflow of ¥172,927,586.93, a 380.22% decrease compared to the previous year, mainly due to increased investments in structured financial products and construction projects[9] - Total cash inflow from investment activities was CNY 613,097,976.74, up from CNY 445,878,613.05 in the previous period[27] - Net cash flow from investment activities was negative CNY 172,927,586.93, compared to a positive CNY 61,711,691.76 in the previous period[27] Shareholder Information - The top shareholder, Lu Xiaobo, holds 25.73% of the shares, totaling 16,610,000 shares[12] - The company has a total of 17,965 common shareholders as of the report date[12] Future Plans and Developments - The company plans to continue expanding its market presence and product offerings in the upcoming quarters[17] - The company has not disclosed any new product developments or technological advancements in this report[17] Compliance and Adjustments - The company adjusted its financial statements to comply with new leasing standards, impacting the balance sheet[28] - The company has implemented the new leasing standards since January 1, 2021, affecting the measurement of lease liabilities and right-of-use assets[33] - The third quarter report is not audited[34]