Financial Performance - The company's revenue for Q3 2022 reached ¥693,717,557.45, representing a 23.11% increase compared to the same period last year[4] - Net profit attributable to shareholders decreased by 10.04% to ¥83,211,502.15 for Q3 2022, while the year-to-date net profit increased by 7.86% to ¥305,984,914.93[4] - The basic earnings per share for Q3 2022 was ¥0.82, down 32.79% year-on-year[4] - Total operating revenue for Q3 2022 reached ¥2,100,925,780.89, a 38% increase from ¥1,522,743,821.35 in the same period last year[23] - Total operating costs amounted to ¥1,779,675,117.40, up 49% from ¥1,193,078,041.54 year-over-year[23] - Net profit for Q3 2022 was ¥305,984,914.93, representing a 7.8% increase compared to ¥283,693,041.15 in Q3 2021[24] - Basic and diluted earnings per share for Q3 2022 were both ¥3.41, down from ¥3.74 in Q3 2021[24] Assets and Liabilities - Total assets as of September 30, 2022, amounted to ¥4,579,831,835.83, a significant increase of 160.31% from the end of the previous year[8] - The company's total equity increased to CNY 3,826,695,940.91 as of September 30, 2022, up from CNY 1,052,110,885.72 at the beginning of the year, indicating a growth of approximately 264%[21] - The total current liabilities as of September 30, 2022, were CNY 706,040,842.69, compared to CNY 681,994,926.53 at the beginning of the year[21] - The company's accounts receivable rose to CNY 467,922,645.58 from CNY 296,658,478.85, representing an increase of about 57.6%[20] - The company reported a significant increase in inventory, which rose to CNY 285,188,122.28 from CNY 202,191,525.71, marking an increase of approximately 41%[20] Cash Flow - The company reported a net cash flow from operating activities of -¥231,856,110.37, a decline of 717.50% compared to the same period last year[8] - Cash flow from operating activities showed a net outflow of ¥231,856,110.37, compared to a smaller outflow of ¥28,361,704.99 in the same quarter last year[27] - Cash and cash equivalents at the end of Q3 2022 totaled ¥1,318,998,043.46, significantly up from ¥90,073,829.90 at the end of Q3 2021[28] - The company reported a cash inflow from financing activities of ¥2,486,377,035.98, compared to ¥107,614,318.26 in the previous year[28] - The company recorded an investment cash outflow of ¥1,090,969,762.38, which is a significant increase from ¥48,591,273.13 in the same period last year[27] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,487[10] - The largest shareholder, Wang Li, holds 42.29% of the shares, totaling 42,720,000 shares[10] - The top 10 unrestricted shareholders hold a total of 42,720,000 shares, with the largest shareholder, Wang Li, holding 42,720,000 shares[11] - The total number of restricted shares at the end of the period is 80,487,374, with 343,500 shares added during the period[14] - The company has a total of 6,000,000 shares held by Yunmeng Zhongyi Technology Investment Center, which are set to be released on April 21, 2023[13] - The company has a total of 3,480,000 shares held by Ningbo Zhongkun Equity Investment Fund Partnership, which are set to be released on April 21, 2023[14] - The company has a total of 1,123,227 shares in the offline issuance that are restricted until October 21, 2022[14] - The shareholder Huang Hao holds a total of 253,403 shares, with 53,000 shares held in a regular account and 200,403 shares in a margin account[11] - The shareholder Liu Guozhen holds 160,300 shares, all of which are held in a margin account[11] - The company has a total of 2,647,924 shares held by Hubei Fengshun Entrepreneurship Investment Center, which are set to be released on April 21, 2023[14] - The company has a total of 1,800,000 shares held by Hubei Changjiang Hezhi Equity Investment Fund Partnership, which are set to be released on April 21, 2023[14] Research and Development - Research and development expenses increased to ¥83,140,594.28, a 46% rise from ¥56,939,897.81 in the previous year[23] Corporate Changes - The company appointed new board members and management, including Ms. Wang Xiaoxia as the chairperson and Mr. Tu Bigeng as the general manager, effective from July 4, 2022[16] - The company's registered capital has been changed to CNY 101,020,762 as of July 4, 2022[17] Investments and Subsidiaries - The company established a wholly-owned subsidiary, Wuhan Zhongyi New Materials Co., Ltd., with a registered capital of CNY 30,000,000 for research and development of new composite materials[18] - The company plans to invest CNY 120,000,000 in a new 24,000-ton high-performance electronic copper foil production base in Yancheng, Jiangsu, in collaboration with Yueda Automobile[19] Audit Information - The company did not undergo an audit for the Q3 2022 report[29]

Capital Changes - The registered capital of the company increased from 50.51 million RMB to 67.35 million RMB after the completion of registration changes on June 29, 2022[19]. - The registered capital further increased to 101.02 million RMB following the registration changes completed on July 15, 2022[20]. - The company’s total share capital increased from 50,510,175 shares to 101,020,762 shares after the public offering of 16,837,000 shares[148]. Financial Performance - The company’s operating revenue for the current period is ¥1,407,208,223.44, representing a 46.70% increase compared to ¥959,227,025.39 in the same period last year[21]. - The net profit attributable to shareholders for the current period is ¥222,773,412.78, which is a 16.52% increase from ¥191,190,979.57 year-on-year[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is ¥206,049,043.10, up 9.32% from ¥188,487,041.19 in the previous year[21]. - The basic and diluted earnings per share for the current period are both ¥2.65, reflecting a 5.16% increase from ¥2.52 in the same period last year[21]. - The total comprehensive income for the first half of 2022 was 154.1 million, representing a 52.78% increase compared to the previous period[197]. - The net profit for the first half of 2022 was 2,552.0 million, indicating a growth of 15.41% compared to the same period last year[197]. Cash Flow and Liquidity - The net cash flow from operating activities is -¥204,653,757.46, a significant decrease of 2,440.05% compared to ¥8,745,697.76 in the same period last year[21]. - The company reported a cash inflow from operating activities of CNY 958,951,053.68, compared to CNY 851,981,482.02 in the first half of 2021[184]. - Cash and cash equivalents increased significantly to ¥1,843,433,395.50, accounting for 41.64% of total assets, up from 11.29% last year, due to funds raised from the initial public offering[56]. - The total current assets as of June 30, 2022, amounted to CNY 3,504,037,931.57, a significant increase from CNY 1,199,000,618.52 at the beginning of the year[169]. Investments and Projects - The company has ongoing major construction projects, with total investments of ¥330,417,000.00 and cumulative investments of ¥704,407,000.00 as of the reporting period[67]. - The company plans to expand its production capacity with new projects, including a 10,000-ton high-performance copper foil production line[67]. - The project for producing 10,000 tons of high-performance electronic copper foil has an investment total of RMB 43,097.00 million, with 73.18% of the investment completed by June 30, 2022[71]. Market and Industry Outlook - The lithium battery copper foil market is expected to grow significantly, with a projected production capacity increase of 52.97% to 110.32 million tons in 2022[30]. - The PCB market in China is projected to reach $38.936 billion in 2022 and $46.04 billion by 2025, accounting for over 50% of the global market[3]. - The demand for high-performance standard copper foil is driven by the growth of 5G communication, requiring faster transmission rates and higher communication quality[3]. Research and Development - The company has accumulated 97 patents and 2 software copyrights as of June 30, 2022, enhancing its R&D capabilities[46]. - Research and development expenses increased by 50.08% to ¥54,404,577.15, reflecting the company's commitment to enhancing its R&D capabilities[50]. Environmental Compliance - The company has achieved a wastewater recycling rate of over 80% in industrial production[107]. - The company has implemented noise reduction measures and upgraded wastewater and exhaust treatment facilities to minimize pollution[107]. - The company has established an environmental management system to ensure compliance with pollution discharge standards[107]. - The company has successfully maintained compliance with environmental protection laws and regulations[108]. Shareholder Relations - The company has maintained good communication with shareholders and creditors, ensuring their rights are protected[117]. - The annual general meeting on May 30, 2022, had a 58.59% investor participation rate[98]. - Major shareholders include Wang Li with 42.72 million shares and Wang Xiaoxia with 6 million shares, both subject to lock-up agreements until October 20, 2025[152]. Risks and Challenges - The company faces operational risks due to potential changes in management strategies by controlling shareholders, which could adversely affect future operations[83]. - Market competition is intensifying, with potential impacts on profit margins due to increased pressure from competitors and changes in customer demand[87]. - Raw material price volatility, particularly copper prices, significantly impacts the company's revenue and profit margins, with raw materials accounting for 70%-85% of product costs[89].