Financial Performance - The company's revenue for Q3 2022 was ¥165,600,602.31, representing an increase of 8.72% compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2022 was ¥22,465,987.07, up 26.64% year-on-year[5] - Total operating revenue for the third quarter was CNY 485,985,994.75, an increase of 1.9% compared to CNY 476,533,983.19 in the same period last year[19] - Net profit for the third quarter reached CNY 58,089,873.85, representing a 3% increase from CNY 55,415,683.94 in the previous year[20] - The company reported a basic earnings per share of ¥0.22, which is a decrease of 8.33% compared to the same period last year[5] - Earnings per share (EPS) for the period was CNY 0.65, down from CNY 0.74 in the same quarter last year[21] Assets and Liabilities - The total assets at the end of the reporting period reached ¥1,572,142,738.54, a significant increase of 58.78% from the previous year[5] - Total assets as of September 30, 2022, amounted to CNY 1,572,142,738.54, a significant increase from CNY 990,153,762.54 at the beginning of the year[15] - Total liabilities as of September 30, 2022, were CNY 845,976,852.08, compared to CNY 436,658,489.39 at the beginning of the year[16] - The total liabilities decreased to CNY 276,446,889.78 from CNY 458,525,022.80, showing a significant reduction[20] - The total equity attributable to shareholders increased to CNY 1,295,695,848.76 from CNY 531,628,739.74, indicating strong growth in shareholder value[20] Cash Flow - The cash flow from operating activities showed a net amount of ¥48,471,727.78, down 39.62% compared to the same period last year[10] - The net cash flow from operating activities for Q3 2022 was ¥48,471,727.78, a decrease of 39.6% compared to ¥80,275,015.09 in Q3 2021[23] - Total cash inflow from operating activities was ¥407,396,056.60, up from ¥374,867,035.43, reflecting a growth of 8.4% year-over-year[23] - Cash outflow from operating activities increased to ¥358,924,328.82 from ¥294,592,020.34, representing a rise of 21.8%[23] - The net cash flow from investing activities was -¥179,302,023.20, slightly worse than -¥165,384,525.47 in the same quarter last year[23] - Cash inflow from financing activities surged to ¥771,458,867.95, compared to only ¥41,020,000.00 in Q3 2021[23] - The net cash flow from financing activities was ¥547,630,863.18, a significant increase from ¥33,437,750.45 in the previous year[23] - The total cash and cash equivalents at the end of Q3 2022 stood at ¥460,544,865.57, compared to ¥27,328,170.69 at the end of Q3 2021[23] Shareholder Information - The company has a total of 16,013 common shareholders as of the reporting date[12] - The top 10 shareholders hold a combined 74.25% of the company's shares, with Zhejiang Jindao Holdings owning 33.75%[12] Research and Development - The company is actively engaged in research and development of new products and technologies, although specific details were not disclosed in the report[13] - Research and development expenses were CNY 19,325,176.63, slightly up from CNY 19,297,881.47 year-over-year[20] Other Financial Metrics - The weighted average return on equity was 1.75%, down 1.81% from the previous year[5] - The company’s financial expenses increased by 2350.00% to -¥4,214,772.56 due to increased interest income from higher funds[9] - The company’s investment income decreased by 41.13% to ¥508,602.65, attributed to reduced financial management returns[9] - The company’s capital reserve increased by 336.73% to ¥883,206,655.97, primarily due to the initial public offering[8] - Cash and cash equivalents increased to CNY 472,109,513.79 from CNY 62,702,836.88, reflecting a growth of approximately 653.5%[15] - Accounts receivable rose to CNY 140,847,125.36, up from CNY 104,206,939.14, indicating a growth of about 35%[16] - Inventory increased to CNY 173,570,126.85 from CNY 158,265,045.92, representing a growth of approximately 9.7%[16] - Short-term borrowings increased to CNY 4,000,000.00 from CNY 2,002,291.67, showing a rise of 99.9%[16] - The company reported a significant increase in accounts payable, which rose to CNY 114,362,217.06 from CNY 171,351,335.80, indicating a decrease of approximately 33.3%[16]

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥320.39 million, a decrease of 1.18% compared to ¥324.21 million in the same period last year[23]. - The net profit attributable to shareholders was approximately ¥35.62 million, down 5.45% from ¥37.68 million in the previous year[23]. - The basic earnings per share decreased by 14.00%, from ¥0.50 to ¥0.43[23]. - The net profit after deducting non-recurring gains and losses was approximately ¥31.73 million, a decrease of 13.43% from ¥36.66 million[23]. - The company's revenue for the reporting period was approximately ¥320.39 million, a decrease of 1.18% compared to ¥324.21 million in the same period last year[44]. - The net profit for the first half of 2022 was CNY 35,623,886.78, down 5.44% from CNY 37,675,731.64 in the same period of 2021[138]. - The net profit for the first half of 2022 was CNY 34,984,190.41, a decrease from CNY 35,787,872.57 in the same period of 2021, reflecting a decline of approximately 2.25%[141]. - The total comprehensive income for the first half of 2022 was CNY 34,984,190.41, slightly lower than CNY 35,787,872.57 in the first half of 2021, indicating a decrease of about 2.25%[142]. Cash Flow and Investments - The net cash flow from operating activities significantly decreased by 91.99%, from ¥67.22 million to ¥5.39 million[23]. - The net cash flow from operating activities decreased significantly by 91.99% to ¥5.39 million, primarily due to reduced cash receipts from sales[44]. - The company received approximately ¥547.67 million from its initial public offering, resulting in a 2,299.88% increase in cash flow from financing activities[44]. - The total cash inflow from financing activities reached 767,458,867.95 CNY, significantly higher than 25,815,000.00 CNY in the prior period, reflecting strong capital raising efforts[147]. - The net cash flow from financing activities was 545,724,065.93 CNY, a substantial increase from 20,845,452.49 CNY in the previous half-year[147]. - The company reported a net increase in equity of 740.9 million yuan during the first half of 2022[156]. - The company repaid debts amounting to 193,650,000.00 CNY, which is a significant increase from 2,210,000.00 CNY in the previous period, indicating a focus on debt management[147]. Assets and Liabilities - Total assets increased by 56.33% to approximately ¥1.55 billion, compared to ¥990.15 million at the end of the previous year[23]. - The total assets of the company at the end of the reporting period were reported at 75 million yuan[156]. - The total liabilities decreased to RMB 265,289,941.49, down from RMB 449,266,412.47 in the same period last year[135]. - The total liabilities decreased to RMB 274,697,788.41 from RMB 458,525,022.80, showing a reduction of about 40.1%[131]. - The company's equity attributable to shareholders rose to RMB 1,273,229,861.69 from RMB 531,628,739.74, marking an increase of approximately 139.0%[131]. Research and Development - The company has launched high-end products such as high-pressure lithium battery gearboxes for new energy models, which have begun small-scale production, and high-end internal combustion gearboxes that are being mass-produced[32]. - The company aims to expand its overseas market presence and increase R&D investment to enhance its competitive advantage and solidify its industry leadership[32]. - The company's R&D investment increased by 11.04% to ¥12.66 million, driven by new R&D projects[44]. - The company is actively developing new products and enhancing its R&D capabilities to reduce manufacturing costs and improve production efficiency[64]. Market Position and Strategy - The company specializes in the research, production, and sales of various industrial vehicle transmission devices, particularly forklift gearboxes, and has established itself as a leading player in this niche market[32]. - The company benefits from a strong customer base, with major clients being well-known industry players, which enhances its profitability and risk resistance[34]. - The company is positioned to benefit from favorable policies promoting the demand for new energy forklifts, aligning with global carbon neutrality goals[37]. - The company is expanding its international market presence, targeting partnerships with global forklift manufacturers like Toyota and Mitsubishi[64]. - The company aims to deepen its focus on the domestic market, which has significant growth potential compared to the more mature international market[66]. Shareholder and Equity Information - The company completed its initial public offering (IPO) by issuing 25 million shares at a price of RMB 31.20 per share, raising a total of RMB 780 million, with a net amount of RMB 705.98 million after expenses[109]. - Following the IPO, the total number of shares increased from 75 million to 100 million, reflecting a 33.33% increase in total shares outstanding[109]. - The company has a total of 17,609 shareholders at the end of the reporting period, indicating a broad base of ownership[115]. - The company’s stock was officially listed on the Growth Enterprise Market on April 13, 2022, following the completion of the IPO[113]. Risk Management and Compliance - The company is focused on enhancing its internal control and risk management systems to mitigate management risks associated with rapid growth[66]. - The company has not engaged in any major litigation or arbitration matters during the reporting period[88]. - The company has not experienced significant changes in the measurement attributes of its major assets during the reporting period[50]. - The company has not reported any major changes in the investment status during the reporting period[52]. Environmental and Social Responsibility - The company is committed to environmental sustainability through technological and process innovations aimed at reducing carbon emissions[79]. - The company actively supports national pandemic prevention policies, implementing strict measures to ensure workplace safety[80]. - The company has committed to maintaining employee rights and providing welfare benefits, including social insurance contributions[77].

Financial Performance - The company reported a revenue of RMB 1.2 billion for the year 2021, representing a year-on-year increase of 15% compared to 2020[17]. - The net profit attributable to shareholders was RMB 200 million, an increase of 10% from the previous year[17]. - The company's operating revenue for 2021 was ¥639,769,119.09, representing a 20.78% increase compared to ¥529,709,804.79 in 2020[22]. - The net profit attributable to shareholders for 2021 was ¥79,551,977.76, an increase of 11.64% from ¥71,255,008.98 in 2020[22]. - The total assets at the end of 2021 were ¥990,153,762.54, a 24.51% increase from ¥795,227,497.79 at the end of 2020[22]. - The company's basic earnings per share for 2021 was ¥1.06, up 11.58% from ¥0.95 in 2020[22]. - The total operating revenue for 2021 was ¥639,769,119.09, representing a year-on-year increase of 20.78% compared to ¥529,709,804.79 in 2020[57]. - The main product, forklift transmission devices, generated revenue of ¥607,891,415.38, accounting for 95.02% of total revenue, with a year-on-year growth of 21.47%[57]. - The company reported a total revenue of 30,000 million CNY for the year 2021[112]. Market Expansion and Strategy - The company plans to expand its market presence by entering three new provinces in 2022, aiming for a 20% increase in market share[5]. - Future guidance suggests a revenue target of RMB 1.5 billion for 2022, reflecting a growth rate of 25%[5]. - The company aims to launch two new product lines in 2022, expected to contribute an additional RMB 300 million in revenue[5]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by 2023[159]. - The company plans to deepen its main business and establish itself as an industry benchmark, leveraging its experience in forklift transmission system manufacturing[89]. - The company will enhance its research and development capabilities to seek internationally leading core technologies and drive the development of new high-end products[91]. Research and Development - The R&D expenditure for 2021 was RMB 150 million, accounting for 12.5% of total revenue, with a focus on new product development[17]. - Research and development expenses increased by 31.53% to ¥25,567,299.85, driven by new product development projects[68]. - The company invested CNY 25,567,299.85 in R&D in 2021, representing 4.00% of its operating revenue[72]. - The company has been focusing on continuous innovation and technology absorption to enhance its competitiveness in the gearbox market[30]. - The company emphasizes innovation and has developed a complete core technology system for forklift gearboxes, including noise analysis and control technology[40]. - The company is committed to continuous investment in research and development to support its main business development strategy[138]. Customer Base and Sales - User data indicates a growth of 30% in active users of the company's products, reaching 1 million users by the end of 2021[17]. - The top five customers accounted for 84.90% of the company's total annual sales, indicating a high customer concentration risk[48]. - The company's major customers accounted for 84.90% of total sales, with the top customer contributing ¥422,897,599.35, or 66.10% of total sales[66]. - The company sold 212,124 units in 2021, an increase of 20.47% from 175,927 units in 2020[61]. Risk Management - The company has identified key risks including market competition and supply chain disruptions, with strategies in place to mitigate these risks[5]. - The company faces risks related to high customer concentration and potential fluctuations in the forklift market, which could impact its operational performance[92]. - The company will implement measures to mitigate risks, including improving production efficiency and expanding its customer base through technological innovation[93]. Governance and Management - The company maintains a robust governance structure, ensuring compliance with legal and regulatory requirements[99]. - The company has established a comprehensive internal control system to manage risks related to operations and governance[99]. - The company has a clear governance structure with independent directors and supervisors[110]. - The company has a diverse board of directors with no overlapping roles in the controlling shareholder's enterprises[110]. - The company has successfully recruited high-level management and trained a significant number of young employees to support future growth[96]. Environmental and Social Responsibility - The company is committed to sustainable development, emphasizing energy conservation and environmental protection as key components of its growth strategy[91]. - Jindao Technology has committed to environmental management and has not faced any administrative penalties for environmental issues during the reporting period[148]. - The company actively promotes green practices, including paperless operations and regular internal environmental supervision[151]. Shareholder Relations and Dividends - The company has no plans to distribute cash dividends or issue bonus shares for the year 2021[6]. - The company has committed to maintaining a stable dividend policy, with a proposed dividend payout ratio of 30%[159]. - The company did not propose a cash dividend distribution plan for the reporting period despite having positive distributable profits[137]. Future Commitments and Plans - The company plans to repurchase shares to stabilize stock prices, with a total repurchase fund not exceeding the total funds raised from the initial public offering[167]. - The company will ensure that any repurchase does not lead to a distribution of equity that does not meet listing conditions[165]. - The company is committed to optimizing resource integration across procurement, production, sales, and management to enhance overall operational efficiency[189].

Financial Performance - The company's operating revenue for Q1 2022 was ¥157,112,399.54, representing a 13.10% increase compared to ¥138,920,577.73 in the same period last year[4] - The net profit attributable to shareholders was ¥14,586,964.80, an increase of 8.70% from ¥13,419,932.42 year-on-year[4] - Operating profit for Q1 2022 was CNY 16,189,466.82, up from CNY 15,444,382.19 in the same period last year, reflecting a growth of 4.8%[28] - The company’s total profit for Q1 2022 was CNY 16,175,168.48, an increase from CNY 15,441,349.34 in the same period last year, reflecting a growth of 4.8%[28] - The basic and diluted earnings per share for Q1 2022 were both CNY 0.19, compared to CNY 0.18 in Q1 2021, marking a 5.6% increase[26] Cash Flow and Investments - The net cash flow from operating activities was -¥10,186,559.16, a significant decrease of 180.46% compared to ¥12,660,944.38 in the previous year[10] - The company reported a net cash flow from operating activities of CNY -10,186,559.16, compared to CNY 12,660,944.38 in the previous year, indicating a significant decline[28] - The total cash flow from investing activities was CNY -54,077,652.97, compared to CNY -45,722,054.84 in Q1 2021, showing an increase in investment outflows[29] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,008,906,660.58, up 1.89% from ¥990,153,762.54 at the end of the previous year[4] - The company's total assets as of March 31, 2022, amounted to CNY 1,008,906,660.58, compared to CNY 990,153,762.54 at the beginning of the year, indicating a growth of 1.8%[22] - The total liabilities increased to CNY 462,690,956.04 from CNY 458,525,022.80, representing a slight increase of 0.5%[22] - Cash and cash equivalents decreased to CNY 36,242,986.40 from CNY 62,702,836.88, a decline of 42.5%[19] Accounts and Inventory - The company reported a significant increase in accounts receivable by 45.06% to ¥151,161,079.47, driven by growth in March's operating revenue[7] - Accounts receivable rose to CNY 151,161,079.47 from CNY 104,206,939.14, marking an increase of 45.1%[19] - Inventory levels increased to CNY 163,701,678.49 from CNY 158,265,045.92, reflecting a growth of 3.5%[19] Government Support and Subsidies - The company received government subsidies amounting to ¥922,481.84, which contributed to the increase in other income by 228.94% to ¥939,273.74[6][8] Borrowings and Financial Management - Short-term borrowings increased by 99.77% to ¥4,000,000.00, primarily due to increased borrowings by subsidiaries[7] - The company incurred a financial expense of CNY -52,789.60, compared to CNY -1,237.14 in the previous year, indicating a change in financial management[28] Audit and Compliance - The company did not undergo an audit for the Q1 report, ensuring the financial information's authenticity and completeness[3] Research and Development - Research and development expenses increased to CNY 6,519,433.92, up from CNY 5,478,819.05, representing a growth of 19%[28] Shareholder Equity - The company’s equity attributable to shareholders increased to CNY 546,215,704.54 from CNY 531,628,739.74, a rise of 2.7%[22]