证券代码 : 832885 桂林星辰科技股份有限公司 星辰科技 2022 年第三季度报告 1 | 第一节 | 重要提示 4 | | --- | --- | | 第二节 | 公司基本情况 5 | | 第三节 | 重大事件 10 | | 第四节 | 财务会计报告 12 | 3 释义 释义项目 释义 公司、本公司、星辰科技 指 桂林星辰科技股份有限公司 股东大会 指 桂林星辰科技股份有限公司股东大会 董事会 指 桂林星辰科技股份有限公司董事会 报告期、本期 指 2022 年 7 月 1 日至 2022 年 9 月 30 日 报告期末、本期期末 指 2022 年 9 月 30 日 元 指 人民币元 电力电子 指 桂林星辰电力电子有限公司 深圳子公司 指 深圳市星辰智能控制有限公司 第一节 重要提示 公司董事、监事、高级管理人员保证本报告所载资料不存在虚假记载、误导性陈述或者重大遗漏，并对 其内容的真实性、准确性和完整性承担个别及连带责任。 公司负责人吕虹、主管会计工作负责人包江华及会计机构负责人（会计主管人员）张翼保证季度报 告中财务报告的真实、准确、完整。 本季度报告未经会计师事务所审计。 本季度报告涉及未来计划等 ...

Intellectual Property and Innovation - The company obtained 1 invention patent, 2 utility model patents, 2 design patents, and 1 software copyright during the reporting period [5]. - The company has 60 patents, including 28 invention patents, and focuses on high-precision control technologies, contributing to its competitive edge in the market [34]. - The company has established a high-quality research and development team with over 100 members, focusing on multi-level and forward-looking technology development [72]. - The company’s R&D investment reached 7.90 million yuan, a growth of 6.37% compared to the previous year, emphasizing its commitment to innovation [40]. Financial Performance - The company's operating revenue for the reporting period was RMB 61,410,409.38, a decrease of 4.85% compared to RMB 64,540,147.36 in the same period last year [27]. - The net profit attributable to shareholders of the listed company increased by 8.51% to RMB 19,321,056.04, up from RMB 17,806,444.30 in the previous year [27]. - The gross profit margin decreased to 48.73% from 51.72% year-on-year [27]. - The company achieved operating revenue of 61.41 million yuan, a decrease of 4.85% year-on-year, while net profit attributable to shareholders increased by 8.51% to 19.32 million yuan [38]. - The company reported a non-recurring profit and loss net amount of RMB 6,460,022.38 after tax [32]. - The company's net profit for the period was 18,518,288.29 yuan, reflecting a year-on-year increase of 1.79% [50]. Assets and Liabilities - Total assets at the end of the reporting period amounted to RMB 482,643,182.28, reflecting a growth of 2.61% compared to RMB 470,352,907.99 at the end of the previous year [28]. - The total liabilities increased by 14.84% to RMB 117,608,317.69 from RMB 102,409,081.69 year-on-year [28]. - The company's asset-liability ratio (consolidated) increased to 24.37% from 21.77% year-on-year [28]. - The company's long-term equity investments increased by 10,855.18% to 21,121,152.71 yuan, primarily due to a joint investment in a new company [49]. Market and Sector Performance - In the military sector, the company generated revenue of 33.28 million yuan, a decrease of 7% year-on-year, due to supply chain disruptions caused by the pandemic [38]. - The renewable energy sector saw sales revenue of 5.85 million yuan, an increase of 43.84% year-on-year, driven by new product development [39]. - The industrial control sector reported sales revenue of 20.44 million yuan, a decline of 9.78% year-on-year, impacted by reduced demand in manufacturing [39]. - Revenue from the aerospace and military sector was 33,279,388.56 yuan, with a gross margin of 69.64%, showing a decrease of 7.00% year-on-year [56]. Risks and Challenges - The company faces risks related to the fluctuation of operating performance due to the planned nature of procurement by users in the aerospace and military sectors [11]. - The company is exposed to research and development risks, as its core competitiveness relies on technological innovation and market demand forecasting [12]. - The company has identified new risks related to accounts receivable collection and the implementation of fundraising investment projects [13]. - The company emphasizes the importance of confidentiality in its operations as a military supply enterprise, which could impact its ability to conduct business if confidentiality is breached [11]. Shareholder and Equity Information - The company distributed cash dividends of 2.50 yuan per 10 shares, totaling 21.43 million yuan, as part of its shareholder return strategy [40]. - The total number of unrestricted shares increased from 24,097,040 to 27,747,040, representing a rise from 28.11% to 32.37% of total shares [90]. - The total number of restricted shares decreased from 61,611,960 to 57,961,960, reflecting a decline from 71.89% to 67.63% of total shares [90]. - The largest shareholder, Guilin Xingchen Power Electronics Co., Ltd., holds 30,440,050 shares, accounting for 35.52% of total shares [95]. Governance and Management - The company has implemented a governance structure optimization, clarifying the roles of senior management [118]. - The company has no changes in the positions of Chairman, General Manager, or Financial Director during the reporting period [117]. - The company has a total of 9 board members and 3 supervisors, with 4 senior management personnel [113]. - The company has committed to ensuring the authenticity, accuracy, and completeness of its public offering application documents, which is currently being fulfilled since November 2020 [87]. Compliance and Regulatory Matters - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period [98][102]. - The company confirmed that there were no performance commitments related to the significant related transactions [82]. - The company has made a commitment to strictly adhere to profit distribution policies, which is currently being fulfilled since July 2021 [87]. - The company is committed to maintaining confidentiality obligations regarding its public offering application documents, which is currently being fulfilled since November 2020 [87].

Company Recognition and Achievements - In 2021, Guilin Stars Science and Technology was recognized as a "Specialized, Refined, Characteristic, and Innovative" small and medium-sized enterprise by the Guangxi Zhuang Autonomous Region, and later as a "Little Giant" enterprise by the Ministry of Industry and Information Technology[4]. - The company was recognized as a "Military-Civilian Integration Enterprise" by the Guangxi Zhuang Autonomous Region in June 2021[4]. - The company received the "2021 Most Competitive Enterprise in Guangxi" award, highlighting its recognition in the industry[97]. Financial Performance - The company's operating revenue for 2021 was CNY 141,862,903.73, representing a year-over-year increase of 3.47% compared to CNY 137,099,752.59 in 2020[28]. - The net profit attributable to shareholders for 2021 was CNY 43,364,121.52, reflecting a 12.84% increase from CNY 38,429,999.79 in 2020[28]. - The total assets at the end of 2021 amounted to CNY 470,352,907.99, which is an 80.80% increase from CNY 260,149,697.54 at the end of 2020[30]. - The total liabilities at the end of 2021 were CNY 102,409,081.69, a 45.36% increase from CNY 70,450,961.60 at the end of 2020[30]. - The net cash flow from operating activities for 2021 was CNY 30,131,382.22, showing a significant increase of 190.10% compared to CNY 10,386,428.44 in 2020[31]. - The company reported a gross profit margin of 52.69% for 2021, slightly down from 53.38% in 2020[28]. - The weighted average return on equity (ROE) based on net profit attributable to shareholders was 16.02% for 2021, down from 22.46% in 2020[28]. - The net profit growth rate for 2021 was 9.61%, compared to a much higher growth rate of 72.31% in 2020[33]. Share Capital and Stock Incentive Plan - The company successfully issued 21 million shares at a price of 8 RMB per share and was listed on the Beijing Stock Exchange on November 15, 2021[4]. - The total share capital of the company is 85,709,000 shares after the completion of the employee stock incentive plan, which raised RMB 9.31 million by issuing 744,800 shares at a price of RMB 12.5 per share[23]. - The company implemented a stock incentive plan in December 2021, granting 744,800 restricted shares at a price of 12.5 RMB per share and 580,000 stock options with an exercise price of 25 RMB per option[4]. - A total of 74,480 restricted shares and 580,000 stock options were granted under the 2021 equity incentive plan to 56 senior management and core employees, increasing the total share capital from 84,964,200 shares to 85,709,000 shares[131]. Research and Development - During the reporting period, the company obtained 3 utility model patents, 4 design patents, and 3 software copyrights through independent research and development[4]. - The company holds 55 patents, including 27 invention patents, indicating a strong focus on R&D in the automation and control systems sector[45]. - Research and development expenses increased by 25.03% year-over-year to ¥17,387,862.80, reflecting the company's commitment to innovation[67]. - The total number of R&D personnel increased from 105 to 128, with the proportion of R&D staff in total employees rising from 41.18% to 44.44%[95]. - The company is currently developing a new generation of servo drivers and a 6G motor technology platform to enhance product performance and competitiveness[98]. Market and Product Development - The company’s military product sales primarily apply to missile launch systems, radar tracking systems, and other aerospace and weaponry fields, with new product development facing competition risks from other domestic military enterprises[10]. - Sales revenue from military products increased by 21.91% year-on-year, with a growing contract volume for both existing and new products[51]. - Sales revenue for industrial control servo systems grew by 34.46% year-on-year, driven by strategic partnerships and talent acquisition[52]. - The company plans to expand its product offerings in the wind power sector by establishing a joint venture focused on pitch servo motors[54]. - The company is focusing on increasing its market share in the domestic wind power sector, with expectations for growth in the electric pitch servo system business in 2022[59]. Risk Management - The company has faced risks related to operational performance fluctuations due to the planned nature of procurement by users in aerospace and military sectors[10]. - The company acknowledges that its business development may be influenced by current international situations and domestic macro-control policies[114]. - The company recognizes the risk of performance volatility due to the planned nature of procurement by its aerospace and military clients, which may lead to fluctuations in orders and revenue[115]. - The company faces risks in new product development, particularly in the military sector, where products must pass military design verification to generate sales[120]. Governance and Compliance - The company has established a comprehensive governance mechanism to protect the rights of all shareholders, particularly minority shareholders[195]. - The company has committed to timely and accurate information disclosure, ensuring shareholders can exercise their rights effectively[195]. - The company has confirmed that its public offering documents do not contain any false statements or significant omissions, and it will bear legal responsibility for their accuracy[143]. - The company has established measures to compensate for any dilution of immediate returns as disclosed in the announcement dated August 18, 2020[138]. Employee and Management Structure - The total number of employees increased from 255 to 288, representing a growth of approximately 12.94%[184]. - The company has implemented a comprehensive training program to enhance employee skills and support strategic goals[185]. - The company has established a robust compensation policy, ensuring timely salary payments and compliance with labor laws[185]. - The company has not established new governance systems or faced significant internal management deficiencies during the year[193].

Financial Performance - Net profit attributable to shareholders rose by 24.98% to CNY 7,819,569.51 for the first quarter of 2022, up from CNY 6,256,814.07 in the same period last year[13] - Operating revenue for the first quarter of 2022 was CNY 26,761,817.70, reflecting a year-on-year increase of 7.85% from CNY 24,814,621.23[13] - Total operating revenue for Q1 2022 reached CNY 26,761,817.70, an increase from CNY 24,814,621.23 in Q1 2021, representing a growth of approximately 7.85%[37] - Net profit for Q1 2022 was CNY 7,362,519.33, compared to CNY 6,385,505.07 in Q1 2021, reflecting a growth of approximately 15.27%[38] - Total comprehensive income for Q1 2022 was ¥8,732,157.57, compared to ¥6,006,928.64 in Q1 2021, indicating a growth of 45.3%[42] Assets and Liabilities - Total assets increased by 5.16% to CNY 494,614,098.88 as of March 31, 2022, compared to CNY 470,352,907.99 at the end of 2021[13] - The company's total liabilities to assets ratio increased to 24.12% on a consolidated basis, up from 21.77% at the end of 2021[13] - The total current liabilities amount to ¥115,170,253.25 as of March 31, 2022, compared to ¥96,809,081.69 at the end of 2021[30] - Total liabilities as of March 31, 2022, were CNY 111,765,477.30, compared to CNY 96,793,273.78 as of December 31, 2021, representing an increase of approximately 15.43%[35] - The total equity attributable to shareholders as of March 31, 2022, was CNY 374,922,532.32, up from CNY 366,190,374.75 as of December 31, 2021, indicating a growth of about 2.00%[35] Cash Flow - The net cash flow from operating activities decreased by 140.12% to -CNY 3,517,796.08, compared to CNY 8,767,811.63 in the previous year[14] - The company reported a net cash outflow from operating activities of ¥3,517,796.08 in Q1 2022, a decrease from a net inflow of ¥8,767,811.63 in Q1 2021[45] - Cash inflow from financing activities was $18 million in Q1 2022, with cash outflow for dividends and interest payments totaling $153,750.01, leading to a net cash inflow of $17.85 million[47] - Cash received from sales of goods and services was $25.75 million in Q1 2022, compared to $25.15 million in Q1 2021, showing a growth of about 2.4%[47] Shareholder Information - The total number of common shareholders was 6,967 as of March 31, 2022[19] - The total number of shares held by the top ten shareholders is 59,817,532, representing 69.79% of the total shares[21] - The largest shareholder, Guilin Xingchen Power Electronics Co., Ltd., holds 30,440,050 shares, accounting for 35.52% of the total shares[21] Research and Development - Research and development expenses for Q1 2022 were CNY 3,772,611.12, compared to CNY 2,875,250.07 in Q1 2021, reflecting an increase of approximately 31.19%[38] - Research and development expenses increased to ¥3,395,567.60 in Q1 2022, up 18.2% from ¥2,875,250.07 in Q1 2021[41] Other Financial Metrics - Basic earnings per share decreased by 8.61% to CNY 0.0912 from CNY 0.0998 in the previous year[13] - The weighted average return on equity based on net profit attributable to shareholders was 2.12%, down from 3.38% in the previous year[13] - The company incurred financial expenses of -¥1,693,325.04 in Q1 2022, significantly lower than the previous year's expense of ¥65,457.93[41] - The company raised ¥18,000,000.00 through financing activities in Q1 2022, compared to no financing activities in Q1 2021[45]

Company Recognition and Achievements - In 2021, Guilin Stars Science and Technology Co., Ltd. was recognized as a "Specialized, Refined, Characteristic, and Innovative" small and medium-sized enterprise by the Guangxi Zhuang Autonomous Region Industrial and Information Technology Department[4] - The company was recognized as a "Military-Civilian Integration Enterprise" by the Guangxi Zhuang Autonomous Region in June 2021[4] - The company was recognized as a "Little Giant" enterprise in 2021, focusing on specialized, refined, unique, and innovative development in the servo system industry[117] - The company has received multiple awards for its technological advancements[100] Financial Performance - The company's operating revenue for 2021 was CNY 141,862,903.73, representing a year-over-year increase of 3.47% compared to CNY 137,099,752.59 in 2020[28] - The net profit attributable to shareholders for 2021 was CNY 43,364,121.52, reflecting a 12.84% increase from CNY 38,429,999.79 in 2020[28] - The total assets at the end of 2021 amounted to CNY 470,352,907.99, which is an 80.80% increase from CNY 260,149,697.54 at the end of 2020[30] - The total liabilities at the end of 2021 were CNY 102,409,081.69, a 45.36% increase from CNY 70,450,961.60 at the end of 2020[30] - The company's cash flow from operating activities in 2021 was CNY 30,131,382.22, a significant increase of 190.10% compared to CNY 10,386,428.44 in 2020[31] - The gross profit margin for 2021 was 52.69%, slightly down from 53.38% in 2020[28] - The weighted average return on equity (ROE) based on net profit attributable to shareholders was 16.02% for 2021, down from 22.46% in 2020[28] - The company reported a net profit growth rate of 9.61% for 2021, compared to a much higher growth rate of 72.31% in 2020[33] Share Capital and Stock Issuance - The company successfully issued 21 million shares at a price of 8 RMB per share and was listed on the Beijing Stock Exchange on November 15, 2021[4] - The total share capital of the company is 85,709,000 shares after the completion of the employee stock incentive plan, which raised RMB 9.31 million by issuing 744,800 shares at a price of RMB 12.5 per share[23] - The registered capital of the company is RMB 84,964,200, which has not been updated in the business registration records as of December 31, 2021[23] - The company’s stock is traded through continuous bidding on the Beijing Stock Exchange[21] Research and Development - During the reporting period, the company obtained 3 utility model patents, 4 design patents, and 3 software copyrights through independent research and development[4] - The company holds 55 patents, including 27 invention patents, indicating a strong focus on research and development in the automation and control systems sector[45] - The company has initiated research and development for a new generation of power servo systems, with prototype testing achieving preliminary results[54] - The company is collaborating with several institutions on R&D projects, including high-performance rare earth magnets and multi-joint industrial robots[103] - R&D expenditure amounted to ¥17,387,862.80, representing 12.26% of operating income, up from 10.14% in the previous year[97] Market and Product Development - The company’s military product sales are primarily applied in missile launch systems, radar tracking systems, and ship automation equipment, with significant revenue dependent on successful military unit certifications[10] - The company is focusing on expanding its market presence in the wind power sector, with expectations for growth in the wind power pitch servo system business in 2022[54] - The industrial control servo system sales revenue increased by 34.46% year-on-year, continuing the growth momentum from the second half of 2020[52] - In the military products sector, sales revenue grew by 21.91% year-on-year, with an increasing contract volume for both existing and new products[51] Risk Management and Compliance - The company has faced risks related to operational performance fluctuations due to the planned nature of procurement by users in aerospace and military sectors[10] - The company emphasizes the importance of maintaining confidentiality regarding core technologies and has implemented measures to prevent leaks, including confidentiality agreements with key personnel[10] - The company acknowledges that its development may be influenced by current international situations and domestic macro-control policies, particularly in military and renewable energy sectors[121] - The company has implemented measures to safeguard national secrets and ensure compliance with confidentiality regulations to mitigate risks associated with potential leaks[123] Corporate Governance and Management - The actual controller of the company is a group of individuals including Lü Hong, Qiu Bin, and Lü Bin, who are also the concerted actors[22] - The company has appointed Da Xin Accounting Firm as its accounting firm for auditing purposes[24] - The company has a high-quality R&D team of over 80 members, with core technical personnel having more than 20 years of practical experience[125] - The company has established a comprehensive R&D management system and military standard quality management system to mitigate new product development risks[126] - The company has continuously improved its corporate governance structure in accordance with the Company Law and Securities Law[200] Employee and Workforce Development - The total number of employees increased from 255 to 288, representing a growth of approximately 12.94%[190] - The company added 35 new employees during the reporting period, while 2 employees left[191] - The number of R&D personnel increased from 105 to 128, a rise of 21.90%[190] - The company maintains a robust compensation policy, ensuring compliance with labor laws and timely salary payments[191] Future Plans and Commitments - In 2022, the company aims to ensure steady growth in military products, particularly around "military servo control assemblies" and expand its market presence in industrial automation and renewable energy sectors[120] - The company plans to enhance its production automation and digital management, aiming to establish an efficient intelligent management system[120] - The company will continue to develop its R&D center and initiate the construction of a new research and production building as part of its investment projects[120]

证券代码：832885 证券简称：星辰科技 公告编号：2022-008 桂林星辰科技股份有限公司 关于接待机构投资者调研情况的公告 | --- | |--------------------------------------------------------------------| | | | 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假 | | 记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 | | 担个别及连带法律责任。 | 桂林星辰科技股份有限公司（以下简称"公司"）于 2022 年 3 月 21 日接 待了 7 家机构的调研，现将主要情况公告如下： 一、 调研情况 调研时间：2022 年 3 月 21 日 调研地点：桂林市高新区信息产业园 D-10、D-11 号 调研形式：网络及现场调研 调研机构：安信证券、汇添富基金、华夏基金、嘉实基金、国寿安保基金、 圆信永丰基金、国泰君安证券 上市公司接待人员：总经理马锋先生、董事会秘书吕斌先生 二、 调研的主要问题及公司回复概要 （一）公司总经理马锋先生就公司基本情况、行业发展情况及竞争格局、 产品开拓情况等方面进行 ...

证券代码：832885 证券简称：星辰科技 公告编号：2022-007 桂林星辰科技股份有限公司 关于接待机构投资者调研情况的公告 | --- | |------------------------------------------------------------------------| | | | 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 | | 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 | | 带法律责任。 | 桂林星辰科技股份有限公司（以下简称"公司"）于 2022 年 3 月 1 日接待 了 14 家机构的调研，现将主要情况公告如下： 一、 调研情况 调研时间：2022 年 3 月 1 日 调研形式：网络调研 调研机构：平安养老保险股份有限公司、山西证券股份有限公司、中泰证券 股份有限公司、江海证券股份有限公司、华夏基金管理有限公司、中融基金管理 有限公司、万家基金管理有限公司、工银理财有限责任公司、广西青蓝投资有限 公司、长盛基金管理有限公司、申九资产管理有限公司、西部证券股份有限公司、 国泰君安证券股份有限公司、国寿安保基金管理有限 ...

证券代码：832885 证券简称：星辰科技 公告编号：2021-080 桂林星辰科技股份有限公司 关于接待机构投资者调研情况的公告 | --- | |------------------------------------------------------------------------| | | | 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 | | 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 | | 带法律责任。 | 桂林星辰科技股份有限公司（以下简称"公司"）于 2021 年 11 月 24 日接 待了 7 家机构的调研，现将主要情况公告如下： 一、 调研情况 调研时间：2021 年 11 月 24 日 调研形式：电话及现场调研 调研机构：招商证券、广发证券、申万宏源证券、中航证券、万家基金、中 金国际金融股份有限公司、深圳市向日葵投资有限公司 上市公司接待人员：总经理马锋先生、董事会秘书吕斌先生、销售总监郝铁 军先生 二、 调研的主要问题及公司回复概要 问题 1：公司产品技术水平在国内外的对比情况，有哪些领域优势或者短 板？ 回复：公司与国内 ...

证券代码：832885 证券简称：星辰科技 公告编号：2021-068 桂林星辰科技股份有限公司 关于接待机构投资者调研情况的公告 | --- | |------------------------------------------------------------------------| | | | 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 | | 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 | | 带法律责任。 | 桂林星辰科技股份有限公司（以下简称"公司"）于 2021 年 11 月 19 日前 接待了 4 家机构的调研，现将主要情况公告如下： 一、 调研情况 调研时间：2021 年 11 月 18 日至 2021 年 11 月 19 日 调研形式：电话及现场调研 调研机构：广发基金、华夏基金、万家基金、浙商证券 上市公司接待人员：董事长吕虹先生、总经理马锋先生、销售总监郝铁军先 生 二、 调研的主要问题及公司回复概要 问题 1：军品准入门槛较高，公司作为民营企业进入军品市场的契机是什 么？ 回复：90 年代初期，国内自动控制技术薄弱。公司董 ...

公告编号：2021-064 证券代码：832885 证券简称：星辰科技 主办券商：东兴证券 桂林星辰科技股份有限公司 关于接待机构投资者调研情况的公告 | --- | |----------------------------------------------------------------------| | | | 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 | | 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个 | | 别及连带法律责任。 | 桂林星辰科技股份有限公司（以下简称"公司"）于 2021 年 9 月 1 日接待 了 3 家机构的调研，现将主要情况公告如下： 一、 调研情况 调研时间：2021 年 9 月 1 日 调研地点：公司会议室 调研形式：现场调研 调研机构：安信证券股份有限公司、中信证券股份有限公司、晨鸣资产管理 有限公司 公司接待人员：总经理马锋先生、董事会秘书吕斌先生、销售总监郝铁军先 生 二、 调研的主要问题及公司回复概要 问题 1.公司业务以军品为主的吗？是否因为军品增长比较快，利润也比新 能源和工业控制两个业务高？ 回答：公司早 ...