Financial Performance - Operating revenue for Q1 2023 reached CNY 192,047,141.04, representing a year-on-year increase of 23.75%[10] - Net profit attributable to shareholders for Q1 2023 was CNY 14,342,468.22, a significant increase of 277.50% compared to the same period last year[10] - The company reported a significant increase in other income, which rose by 665.67% to CNY 211.25 million due to increased government subsidies[12] - Total operating revenue for Q1 2023 reached ¥192,047,141.04, a 23.7% increase from ¥155,185,951.90 in Q1 2022[42] - Net profit for Q1 2023 was ¥15,353,899.54, representing a significant increase of 226.5% compared to ¥4,698,787.63 in Q1 2022[44] - Other income for Q1 2023 was ¥2,429,858.28, significantly higher than ¥317,349.54 in Q1 2022, showing improved financial performance[43] - The total comprehensive income for Q1 2023 was ¥16,206,280.79, compared to ¥5,894,328.75 in Q1 2022, marking an increase of 174.5%[44] Cash Flow - The company's cash flow from operating activities showed a net outflow of CNY 10,464,625.60, which is a 48.90% improvement from the previous year's outflow[10] - Cash inflows from operating activities were ¥199,144,798.07, slightly up from ¥195,368,686.83 year-over-year[49] - The net cash flow from operating activities was -¥10,464,625.60, an improvement from -¥20,476,956.61 in the same period last year[51] - Cash outflows for investing activities totaled ¥31,144,451.11, compared to ¥10,171,306.23 in the previous year, resulting in a net cash flow of -¥30,410,301.11[51] - Cash inflows from financing activities increased to ¥38,000,000.00 from ¥21,821,839.14 year-over-year[51] - The net cash flow from financing activities was -¥1,739,721.85, an improvement from -¥2,513,160.56 in the previous year[51] - The company reported a net cash outflow of ¥43,917,611.48 for the period, compared to -¥33,033,349.64 in the previous year[51] Assets and Liabilities - Total assets as of March 31, 2023, were CNY 889,293,920.43, a decrease of 0.70% compared to the end of 2022[10] - The asset-liability ratio for the consolidated entity decreased to 37.19% from 39.46% at the end of 2022[10] - The total current assets decreased to ¥576,555,330.44 from ¥620,102,072.73, representing a decline of about 7.03%[34] - Total liabilities decreased to ¥330,752,277.57 from ¥353,385,692.27, a reduction of about 6.39%[36] - The total equity attributable to shareholders increased to ¥518,947,464.63 from ¥503,861,401.55, showing an increase of approximately 2.15%[36] - Total liabilities decreased to ¥158,355,154.46 in Q1 2023 from ¥191,413,581.86 in Q1 2022, a reduction of approximately 17.3%[40] - Total equity increased to ¥458,612,573.77 in Q1 2023 from ¥448,260,825.71 in Q1 2022, reflecting a growth of about 2.9%[40] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 3,818[17] - The top five shareholders hold a combined 81.34% of the company's shares, with the largest shareholder, Luo Ji, owning 20.89%[20] - The company’s major shareholders have no inter-relationships apart from being partners in the investment firm Youji Innovation[20] Commitments and Guarantees - The company provided guarantees for its wholly-owned and controlling subsidiaries during the reporting period, as detailed in announcements 2023-011 and 2023-016[24] - The company has no outstanding commitments that have not been fulfilled during the reporting period[27] - The company has not engaged in any external borrowing or significant related party transactions during the reporting period[23] Legal and Compliance - The company has not faced any investigations or penalties during the reporting period[23] - The company’s controlling shareholders, Luo Ji and Ou Yi, have committed not to engage in any competing business activities[25] Research and Development - Research and development expenses for Q1 2023 were ¥6,164,436.77, up from ¥5,518,570.37 in Q1 2022, indicating a focus on innovation[43]

Company Overview - Sichuan Y&J Industries Co., Ltd. was listed on the Beijing Stock Exchange on June 24, 2022[4]. - The company has two subsidiaries in Australia and one in Hong Kong, facing international operational risks[12]. - The company acquired 100% of Hengrui Machinery in 2012, with ongoing issues regarding property ownership certificates[12]. Financial Performance - The company's operating revenue for 2022 was CNY 810,829,240.05, representing a year-over-year increase of 14.85% compared to CNY 706,002,003.27 in 2021[27]. - The net profit attributable to shareholders for 2022 was CNY 63,409,527.68, which is a 54.05% increase from CNY 41,160,341.99 in 2021[27]. - The gross profit margin improved to 23.32% in 2022, up from 21.82% in 2021[27]. - Total assets increased by 23.38% to CNY 895,570,998.76 at the end of 2022, compared to CNY 725,845,157.09 at the end of 2021[28]. - The company's total liabilities rose by 13.43% to CNY 353,385,692.27 at the end of 2022, up from CNY 311,545,853.97 at the end of 2021[28]. - The weighted average return on equity (ROE) based on net profit attributable to shareholders was 14.20% in 2022, compared to 11.30% in 2021[27]. - The net cash flow from operating activities decreased by 18.69% to CNY 29,768,205.94 in 2022, down from CNY 36,612,918.47 in 2021[30]. - The company reported a basic earnings per share of CNY 0.89 for 2022, an increase of 41.27% from CNY 0.63 in 2021[27]. - The asset-liability ratio (consolidated) improved to 39.46% at the end of 2022, down from 42.92% at the end of 2021[28]. - The company’s revenue growth rate for 2022 was 14.85%, compared to 24.57% in 2021[31]. Dividends and Shareholder Information - The company distributed a cash dividend of 2.00 RMB per 10 shares, totaling 15,618,673.60 RMB, based on a total share capital of 78,093,368 shares[6]. - The company plans to distribute a cash dividend of 3.00 per 10 shares (including tax) for the fiscal year[178]. - The largest shareholder, Luo Ji, holds 16,317,000 shares, representing 20.89% of the total shares[158]. - The second largest shareholder, Ou Yi, holds 16,316,000 shares, also representing 20.89% of the total shares[158]. - The company has a total of 78,093,368 shares outstanding after the initial public offering and the exercise of the over-allotment option[155]. Innovation and R&D - The company received recognition for its technological achievement in "new sealing and dust-proof structure series hydraulic cylinders," deemed "internationally advanced" by the Sichuan Provincial Department of Science and Technology[6]. - The company obtained three invention patents and multiple utility model patents during the reporting period[6]. - The company has developed over 10,000 mechanical component product models, establishing a product technology database stored in the ERP system[44]. - R&D expenses increased by CNY 11.74 million, a growth of 59.35%, reflecting the company's commitment to new product development[66]. - The number of patents owned by the company increased from 85 to 100, with the number of invention patents rising from 6 to 9[100]. - The total number of R&D personnel rose from 88 to 93, with R&D staff now accounting for 16.03% of the total workforce, up from 14.51%[99]. Market Expansion - The company successfully entered new markets including Portugal, Greece, and Africa, expanding its business scope[51]. - The company operates in five major business systems, covering over 10,000 specifications and models of products, serving clients in more than 40 countries and regions globally[40]. - Revenue from general fluid control components grew by 38.94% year-on-year, driven by recovering customer demand and successful market entry into Africa[72]. Risk Management - The company faces risks related to performance decline due to potential economic downturns or industry-wide recessions[12]. - The company is exposed to supply chain management risks, which could affect product quality and delivery[12]. - The company continues to focus on risk management, particularly regarding international currency exchange rates and commercial credit insurance[54]. - The company is addressing supplier management risks by implementing strict evaluations and integrating supply chain processes to ensure product quality and timely delivery[125]. - The company is exposed to exchange rate fluctuations, particularly with USD and EUR, and plans to implement measures to minimize foreign exchange losses[126]. Corporate Governance - The company has established a reasonable corporate governance structure and effective internal control management system, ensuring compliance with relevant laws and regulations[195]. - The company is committed to protecting the rights of all shareholders, particularly minority shareholders, by continuously improving its internal control systems and governance mechanisms[197]. - The company has not encountered any legal violations or significant deficiencies in governance during the reporting period, fulfilling its responsibilities and obligations[196]. - The company has implemented a management system for foreign exchange trading, which was approved by the board during the reporting period[200]. Employee and Training - The total remuneration for directors, supervisors, and senior management in 2022 amounted to 7.1939 million yuan[186]. - The total number of employees increased from 549 to 641, with a net addition of 92 employees during the reporting period[187]. - The company conducted a total of 223 hours of training for employees, including 196.57 hours of offline training and 26.04 hours of online courses[188]. Legal and Compliance - The company reported a total of 1,700,268.00 CNY in litigation costs, accounting for 0.34% of its net assets[135]. - The company has provided guarantees totaling 25,000,000.00 CNY, with a balance of 25,000,000.00 CNY[141]. - The company has faced a lawsuit where it is the plaintiff, seeking 1,490,000.00 CNY in contract payments and penalties[136].

Financial Performance - The company achieved operating revenue of ¥801,159,458.64, an increase of 13.48% compared to the previous year[3] - Net profit attributable to shareholders reached ¥61,330,721.39, reflecting a growth of 49.00% year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥54,981,960.92, up 68.88% from the previous year[3] - Basic earnings per share increased to ¥0.86, representing a growth of 36.51% compared to the same period last year[3] Assets and Equity - Total assets at the end of the reporting period were ¥893,162,082.00, a 23.05% increase from the beginning of the period[5] - Shareholders' equity attributable to the company was ¥499,664,193.98, up 31.48% from the beginning of the period[5] - The company’s total share capital increased to ¥78,093,368, a growth of 19.89% compared to the beginning of the period[4] Market and Operational Factors - The significant increase in sales revenue was attributed to market recovery and enhanced market expansion and product development efforts[6] - The depreciation of the RMB against the USD positively impacted gross margins on overseas sales and reduced financial expenses significantly[6] Cautionary Note - The financial data presented is preliminary and unaudited, and investors are advised to exercise caution[7]

Financial Performance - The estimated net profit attributable to shareholders for the reporting period is projected to be between 55 million to 61 million CNY, representing a growth of 33.62% to 48.20% compared to the previous year's 41.16 million CNY[2] - The net profit after deducting non-recurring gains and losses is expected to be between 50.30 million to 56.30 million CNY, indicating a growth of 54.50% to 72.93% from the previous year's 32.56 million CNY[2] Revenue Growth - The increase in net profit is attributed to a steady growth in domestic and international orders, with nearly 50% of revenue growth coming from new markets and products[4] Operational Factors - The easing of container space shortages for shipping companies has facilitated the smooth delivery of overseas orders during the reporting period[4] - The depreciation of the RMB against the USD since Q2 2022 has positively impacted the gross margin of some overseas sales, while financial expenses have significantly decreased compared to the previous year due to exchange rate fluctuations[4] Reporting and Auditing - The financial data presented is preliminary and has not been audited, and the final figures will be disclosed in the company's annual report[5]

Financial Performance - Net profit attributable to shareholders increased by 57.01% to CNY 37,778,659.86 year-to-date[16] - The company reported a net profit margin of approximately 10.5% for the first nine months of 2022, compared to 9.9% in the same period of 2021[44] - The company’s total profit for the first nine months of 2022 was CNY 16,074,553, compared to CNY 6,299,539 in 2021, indicating a growth of approximately 155%[50] - The net profit for Q3 2022 reached approximately ¥17.37 million, compared to ¥6.99 million in Q3 2021, reflecting a significant increase of approximately 148.4%[46] - The total comprehensive income for the first nine months of 2022 was CNY 14,851,780, compared to CNY 651,785 in the same period of 2021, marking a significant improvement[51] Revenue and Sales - Total revenue from sales of goods and services for the first nine months of 2022 was CNY 571,842,203, an increase from CNY 440,807,399 in 2021, representing a growth of about 30%[53] - Total revenue for Q3 2022 was CNY 190.77 million, a decrease of 6.4% compared to CNY 203.41 million in Q3 2021[44] - The company's operating revenue for Q3 2022 was approximately ¥135.79 million, an increase from ¥124.47 million in Q3 2021, representing a growth of about 10.55%[49] Assets and Liabilities - Total assets increased by 15.08% to CNY 835,332,715.06 compared to the end of the previous year[16] - The company’s net assets attributable to shareholders grew by 29.76% to CNY 493,139,593.72 compared to the previous year[16] - Current liabilities totaled CNY 292.93 million, slightly up from CNY 291.54 million in the previous year, indicating a marginal increase of 0.5%[38] - Non-current liabilities decreased to CNY 13.48 million from CNY 20.00 million, showing a reduction of 32.5%[38] Cash Flow - The company’s cash flow from operating activities showed a significant decline, with a net outflow of CNY 38,341,318.14, a decrease of 287.22% year-on-year[16] - Cash flow from operating activities showed a net outflow of CNY -38,341,318 in the first nine months of 2022, compared to CNY -9,901,646 in the same period of 2021, indicating a worsening cash flow situation[53] - The total cash outflow for operating activities was $437.63 million, compared to $317.22 million last year, reflecting increased operational costs[57] - Cash inflow from financing activities amounted to $169.68 million, significantly higher than $57.98 million in the previous period, leading to a net cash flow of $100.29 million from financing activities[57] Investments and Expenses - R&D expenses rose by 6.58 million yuan, a growth of 44.09% year-on-year, reflecting increased investment in new product development to address market competition[19] - The company has allocated CNY 53.42 million for construction projects, significantly up from CNY 29.03 million, indicating a focus on capital investment[38] - The cash outflow from investing activities was CNY -42,776,063 in the first nine months of 2022, compared to CNY -29,988,522 in 2021, suggesting increased investment expenditures[54] Shareholder Information - Major shareholders include Luo Ji and Ou Yi, each holding 20.89% of shares, and Tang Mingli holding 13.43%[25] - The total number of ordinary shares increased from 76,640,000 to 78,093,368, with a change of 1,453,368 shares during the reporting period[24] Other Key Points - The company has no ongoing litigation or arbitration matters during the reporting period[30] - The company has not engaged in any share buyback activities during the reporting period[30] - The company has committed to reducing and standardizing related party transactions, ensuring fair and reasonable pricing[31]

Company Overview - The company was listed on the Beijing Stock Exchange on June 24, 2022[5]. - The company specializes in customized mechanical equipment and parts, focusing on oil and gas, engineering mining, general machinery, hydraulic machinery, and precision processing of aerospace components[21]. - The company operates under a flexible manufacturing model with over 300 qualified suppliers[12]. - The company operates in five major business systems, serving over 40 countries and regions globally[36]. - The company has developed over 10,000 mechanical component product models, establishing a product technology database[36]. Financial Performance - The company's operating revenue for the current period reached ¥372,053,545.29, representing a 34.10% increase compared to ¥277,436,864.30 in the same period last year[28]. - The net profit attributable to shareholders of the listed company was ¥21,422,256.47, reflecting a 14.13% growth from ¥18,770,612.61 year-on-year[28]. - The total assets increased by 12.41% to ¥815,949,219.65 from ¥725,845,157.09 at the end of the previous year[29]. - The company's net cash flow from operating activities improved by 45.15%, reaching -¥2,502,255.96 compared to -¥4,561,777.65 in the previous year[30]. - The gross profit margin decreased to 21.00% from 22.13% year-on-year[28]. - The weighted average return on equity based on net profit attributable to shareholders was 5.48%, up from 5.17% in the previous year[28]. - The company achieved operating revenue of 372.05 million yuan, a year-on-year increase of 34.10%[39]. - The net profit attributable to shareholders was 21.41 million yuan, reflecting a growth of 14.13% compared to the previous year[40]. - Total assets reached 815.95 million yuan, up 12.41% from the beginning of the period[40]. - The net assets attributable to shareholders increased to 467.12 million yuan, a growth of 22.92%[40]. Shareholder Information - The total number of ordinary shares is 76,640,000[21]. - The company issued an additional 1,453,368 shares, increasing the total share count to 78,093,368 shares[25]. - Major shareholders include Luo Ji and Ou Yi, each holding 21.29% of the company’s shares, totaling 42.58% when combined with their controlled entities[98]. - The company has a total of 9,442 common shareholders as of the end of the reporting period[94]. - The total shares held by the top executives amount to 50,988,250 shares, representing 66.53% of the total shares[114]. Risk Management - The company faces risks related to performance decline due to economic downturns and industry-wide downturns[12]. - The company has not experienced significant changes in major risks during the reporting period[13]. - The company has a risk of quality control affecting its financial status and operational performance[12]. - The company faces risks of performance decline due to potential economic downturns or industry-wide recession, and plans to enhance market and product development to stabilize key customer business and expand domestic market share[69]. - The company is exposed to exchange rate fluctuations, particularly with USD and EUR, which could affect profit margins; it plans to implement measures such as shortening payment cycles and establishing pricing mechanisms to stabilize margins[72]. Research and Development - R&D expenses increased by CNY 3.20 million, a growth of 35.49%, due to intensified investment in new product development to address market competition[48]. - The company is enhancing its research and development capabilities to improve its technological strength and operational efficiency, aiming to adapt to market changes and competition[72]. Corporate Governance and Compliance - The actual controllers of the company are Luo Ji and Ou Yi, who are also the major shareholders[22]. - The company has not reported any changes in the scope of consolidation for its financial statements during the reporting period[65]. - The company has no significant litigation or arbitration matters reported during the reporting period, reflecting a stable legal standing[77]. - The company has established a commitment to comply with regulations regarding related party transactions and shareholder rights[86]. - The actual controller committed to not engaging in any business activities that compete with the company's operations, with any profits from violations to be donated to the company[85]. Social Responsibility - The company maintains a commitment to social responsibility, ensuring compliance with laws and regulations while supporting employee welfare and community engagement[66]. - The company donated 10,000 CNY to the 2022 High-tech Greenway Run event and 3,000 CNY to a local school[67]. - The company actively supports employee participation in social and cultural activities, enhancing community engagement[67]. Asset Management - The total value of restricted assets amounts to ¥81,544,968.59, representing 9.99% of total assets[91]. - The company’s restricted assets include bank mortgages totaling ¥34,000,000, which do not significantly impact its operations[92]. - The company has established a management system for the raised funds to ensure compliance with the stated purposes[103]. Financial Reporting - The financial report was approved by the board of directors on August 19, 2022[164]. - The financial statements are prepared based on the going concern assumption, reflecting the company's recent profitable operations and financial resources[167]. - The financial statements comply with the requirements of the Accounting Standards for Business Enterprises, accurately reflecting the company's financial position as of June 30, 2022, and the operating results and cash flows for the first half of 2022[168].