Financial Performance - The company's operating revenue for the first half of 2023 was RMB 193,272,732.11, representing a 5.40% increase compared to RMB 183,373,283.18 in the same period last year[26]. - The net profit attributable to shareholders of the listed company decreased by 8.13% to RMB 10,487,980.00 from RMB 11,416,715.96 year-on-year[26]. - The gross profit margin improved to 37.11% from 36.29% in the previous year[26]. - The weighted average return on equity based on net profit attributable to shareholders was 3.11%, down from 3.41% in the previous year[26]. - Operating revenue growth rate is 5.40%, compared to a decline of 0.82% in the previous year[29]. - Net profit growth rate is 1.01%, a significant improvement from a decline of 23.34% year-over-year[29]. - The company achieved operating revenue of 193.27 million yuan, a 5.40% increase from 183.37 million yuan in the same period last year[58]. - The net profit for the period was 15.66 million yuan, a 1.01% increase compared to 15.51 million yuan in the previous year[59]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 511,117,529.47, a slight increase of 0.34% from RMB 509,375,329.22 at the end of the previous year[27]. - The total liabilities increased by 5.32% to RMB 127,558,021.74 from RMB 121,110,669.29 year-on-year[27]. - Total assets growth rate is 0.34%, down from 2.66% in the same period last year[29]. - The company's total liabilities rose to RMB 127,558,021.74 from RMB 121,110,669.29, an increase of 5.7%[148]. - The company's cash and cash equivalents decreased by 37.28% to ¥50,962,611.53, primarily due to a net cash flow from operating activities of -¥12,168,287.83 and cash payments for fixed assets totaling ¥16,659,538.55[76]. - Accounts receivable increased by 39.07% to ¥86,838,666.24, attributed to increased revenue and outstanding receivables[76]. - The company's short-term borrowings decreased by 16.40% to ¥50,804,908.45, reflecting a reduction in reliance on external financing[76]. Cash Flow - The net cash flow from operating activities was negative at RMB -12,168,287.83, a significant decline of 1,225.84% compared to RMB -917,781.47 in the previous year[28]. - Cash flow from operating activities showed a significant decline of 1225.84%, resulting in a net outflow of CNY 12,168,287.83[89]. - Investment activities generated a net cash flow of CNY -16,491,651.10, an improvement of 63.01% compared to the previous year[89]. - The ending cash and cash equivalents balance for the first half of 2023 was 50,962,611.53, down from 80,449,139.04 in the same period of 2022[163]. Research and Development - Research and development expenses increased by 21.37% to 13.95 million yuan from 11.50 million yuan year-on-year[60]. - The company has established a strong R&D capability, integrating multiple engraving technologies to meet customer needs[37]. - The company continues to optimize product structure and develop new products and technologies, with ongoing investments in automation and equipment upgrades[61]. - The company is investing in new technology and product development to maintain its competitive edge in the evolving printing market[101]. Market Strategy - The company focuses on the manufacturing of gravure printing plates, serving various industries including consumer goods and packaging[33]. - The sales strategy involves a centralized management approach, fostering strong relationships with existing and potential clients[42]. - The company has a strong market presence with significant brand recognition, serving well-known clients such as Coca-Cola, Nestlé, and major cigarette brands, and is expanding into new markets like high-end home decoration and automotive decoration[49]. - The company is focusing on expanding its market coverage and improving operational efficiency to enhance profitability amidst economic fluctuations[101]. Risk Management - The company has implemented a comprehensive risk management system to control various operational risks, ensuring safe production and operation[48]. - The company faces risks related to macroeconomic fluctuations that could impact demand in the printing industry, necessitating strategic management to mitigate these risks[101]. - Rising prices of raw materials like steel and copper pose a risk to profit margins; the company plans to enhance procurement management and improve market negotiation capabilities[102]. Corporate Governance - The financial report was approved by the board of directors on August 23, 2023, indicating a commitment to transparency and governance[193]. - The company has a total of 143,690,460 shares, with 64.46% being unrestricted shares held by controlling shareholders and actual controllers[122]. - The company has not experienced any changes in controlling shareholders or actual controllers during the reporting period[127]. Employee Management - The company has established a professional and well-structured workforce, focusing on training and development to enhance employee skills and competencies[52]. - The total number of employees increased from 1,050 to 1,066, marking a growth of about 1.5%[139]. - The company maintained a stable core employee team, with no significant impact from the departures[142]. Environmental Responsibility - The company is committed to integrating advanced environmental protection measures in its production processes, ensuring compliance with national standards[99]. - The company has established robust waste management systems to minimize environmental impact during production, adhering to strict regulatory standards[99]. - Environmental protection is a core focus, with ongoing improvements to facilities and processes to meet or exceed national standards, reducing the risk of penalties[103].

Financial Performance - Net profit attributable to shareholders for Q1 2023 was ¥3,071,153.84, a decrease of 29.08% from the same period last year[10] - Operating revenue for Q1 2023 reached ¥83,228,294.42, representing a 1.11% increase year-on-year[10] - The total comprehensive income for Q1 2023 is CNY 4,647,250.81, down from CNY 5,077,783.23 in Q1 2022, reflecting a decline of 8.5%[51] - Basic earnings per share for Q1 2023 is CNY 0.02, compared to CNY 0.03 in Q1 2022, indicating a 33.3% decrease[51] - Net profit for Q1 2023 was ¥4,647,250.81, down from ¥5,077,783.23 in Q1 2022, representing a decrease of approximately 8.5%[49] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥16,899,382.91, worsening by 28.23% compared to the previous year[10] - Net cash flow from operating activities for Q1 2023 is CNY -16,899,382.91, compared to CNY -13,179,350.86 in Q1 2022, indicating a worsening cash flow situation[58] - Cash and cash equivalents decreased to ¥50,468,932.73 as of March 31, 2023, from ¥56,581,887.69 at the end of 2022, a decline of about 10.5%[45] - Cash and cash equivalents at the end of Q1 2023 amount to CNY 68,640,637.85, down from CNY 85,578,209.43 at the end of Q1 2022[58] - Cash outflow from operating activities totaled $43.95 million, down from $78.46 million year-over-year[60] Assets and Liabilities - Total assets as of March 31, 2023, amounted to ¥511,370,270.97, reflecting a 0.39% increase compared to the end of 2022[10] - The company's asset-liability ratio (consolidated) was 23.16%, a slight decrease from 23.78% at the end of the previous year[10] - Total liabilities increased to ¥22,544,749.45 in Q1 2023 from ¥19,716,134.47 in Q1 2022, marking an increase of approximately 14.5%[47] - The company has a total of CNY 41,232,186.19 in assets that are mortgaged, representing 8.07% of total assets, primarily for bank loan collateral[37] Shareholder Information - The total number of ordinary shares outstanding remained at 143,690,460, with 5,495 shareholders[20] - The company reported a total shareholding of 97,133,148 shares, representing 67.59% of the total shares[23] - The largest shareholder, Beijing Keting Management Consulting Partnership, holds 67,126,838 shares, accounting for 46.72% of total shares[22] - The total number of shareholders with more than 5% ownership is two, with the top ten shareholders holding a combined 67.59%[23] Expenses - Financial expenses increased by 260.31% year-on-year, primarily due to higher interest expenses from increased bank loans[14] - Research and development expenses for Q1 2023 were ¥6,192,949.06, up from ¥5,216,225.02 in Q1 2022, indicating an increase of approximately 18.7%[50] - Total operating costs for Q1 2023 were ¥80,917,535.07, slightly higher than ¥80,517,358.71 in Q1 2022, indicating an increase of about 0.5%[50] Commitments and Guarantees - The company has provided guarantees for bank project loans for its subsidiary, Huangshan Jinggong Gravure Printing Co., Ltd[28] - The company has fulfilled its previously disclosed commitments in a timely manner[26] - The company has committed to various promises, including measures to stabilize stock prices and avoid competition, all of which are being fulfilled without violations[35] Other Information - There were no significant litigation or arbitration matters reported during the period[26] - The company has not engaged in any external borrowing or significant related party transactions during the reporting period[26] - The company has not conducted any share buybacks or employee incentive plans during the reporting period[26] - The company reported no assets being seized, frozen, or pledged during the period[27]

Financial Performance - The company's operating revenue for 2022 was RMB 377,910,782.35, a decrease of 3.98% compared to RMB 393,584,468.41 in 2021[29]. - The net profit attributable to shareholders for 2022 was RMB 18,850,771.44, down 31.36% from RMB 27,464,166.17 in 2021[29]. - The gross profit margin for 2022 was 37.28%, a decline from 40.07% in 2021[29]. - Total assets increased by 8.88% to RMB 509,375,329.22 in 2022, compared to RMB 467,834,275.38 in 2021[31]. - Total liabilities rose by 44.31% to RMB 121,110,669.29 in 2022, up from RMB 83,922,071.49 in 2021[31]. - The company's cash flow from operating activities was RMB 19,861,652.81, a significant decrease of 58.81% from RMB 48,222,323.86 in 2021[33]. - The weighted average return on equity for 2022 was 5.70%, down from 9.44% in 2021[29]. - The company's basic earnings per share decreased by 35.00% to RMB 0.13 in 2022, compared to RMB 0.20 in 2021[29]. - The current ratio fell by 42.51% to 1.92 in 2022, down from 3.34 in 2021[31]. - The company's total revenue for Q1 was ¥82,311,682.50, Q2 was ¥101,061,600.68, Q3 was ¥96,893,041.02, and Q4 was ¥97,644,458.15, showing a strong performance throughout the year[36]. - Net profit attributable to shareholders for Q1 was ¥4,330,654.62, Q2 was ¥7,086,061.34, Q3 was ¥5,198,047.00, and Q4 was ¥2,236,008.48, indicating fluctuations in profitability[36]. - The net profit after deducting non-recurring gains and losses for Q1 was ¥837,130.73, Q2 was ¥6,588,107.73, Q3 was ¥4,948,826.81, and Q4 was ¥1,684,881.86, highlighting significant variations in core earnings[36]. Research and Development - The company has implemented strict environmental protection measures and possesses complete environmental facilities, mitigating risks associated with heavy metal pollution[15]. - The company has added 5 invention patents during the reporting period, reflecting its commitment to innovation and technology development[7]. - The company emphasizes independent research and development, leveraging its proprietary technologies to meet customer needs and enhance product differentiation[46]. - The company continues to prioritize innovation and has positioned R&D investment as a key focus in its financial policy[63]. - R&D expenditure for the current period amounted to ¥23,672,349.36, representing 6.26% of operating revenue, compared to 6.15% in the previous period[135]. - The total number of R&D personnel increased from 122 to 126, with R&D personnel now accounting for 12.00% of the total workforce[137]. - The company has completed R&D on cloud technology applications, enhancing data access capabilities and security[139]. - The company has launched new products, including ultra-fine optical embossing rollers, which are now in production and expected to expand market reach[139]. - The company has completed the development of a new laser optical embossing roller, enhancing the anti-counterfeiting features of the rollers[140]. - The company has successfully developed a fully automated pre-press process based on cloud computing, improving pre-press image processing efficiency and reducing delivery times[140]. Market and Industry Position - The company operates in the gravure printing plate manufacturing industry, focusing on high-end packaging plates, cigarette packaging, and special plates, serving major printing groups and enterprises[41]. - The company maintains a strong reputation in the market, supported by a complete patent and technology system, and a professional technical team[41]. - The company has established a competitive advantage through efficient factory layout, ensuring key customers are within a 500 km service radius[54]. - The gravure printing industry is experiencing accelerated development towards intensive growth, with large enterprises upgrading environmental protection facilities and adopting new technologies[74]. - The printing plate industry is experiencing a shift towards high-quality development, driven by consumer demand for high-quality and personalized products[156]. - The introduction of new technologies such as laser engraving and high-end equipment is rapidly upgrading the printing plate industry, bringing it closer to international advanced levels[157]. - The market is increasingly concentrating on leading enterprises due to rising entry barriers and the need for advanced technology and environmental compliance[157]. Financial Management and Governance - The company has established a governance structure that effectively protects the rights of all shareholders, ensuring compliance with relevant laws and regulations[16]. - The company does not face delisting risks, indicating a stable operational status[17]. - The company has implemented a comprehensive risk management system to control various operational risks, ensuring safe production and operations[58]. - The company is focused on maintaining a stable management structure and improving internal governance to protect shareholder interests[161]. - The company recognizes macroeconomic fluctuations as a risk factor that could impact its performance due to its reliance on the printing industry[167]. - The company is addressing technology risks by investing in new technologies and protecting intellectual property through patents[169]. - The company is implementing measures to retain technical talent and enhance employee engagement through incentive programs[170]. Environmental and Social Responsibility - The company has implemented strict environmental protection measures, ensuring compliance with national standards to mitigate risks associated with heavy metal pollution during the electroplating process[173]. - The company has invested in advanced environmental technologies and processes, aiming for zero emissions and enhancing its green production capabilities[174]. - Kaiteng Precision Engineering is committed to social responsibility, focusing on creating value for stakeholders and adhering to honest and trustworthy operations[148]. - The company has maintained normal operation of its environmental protection facilities throughout the reporting period[154]. Related Party Transactions and Commitments - The company has projected a total of CNY 28,470,000 in related party transactions for 2022, with actual transactions amounting to CNY 28,137,051.84, which is within the expected range[182]. - The total amount of related party transactions accounted for 5.52% of the company's audited total assets for 2022, but did not exceed CNY 30 million, thus not requiring shareholder approval[184]. - The company provided a guarantee amounting to CNY 5,000,000 for a loan to its wholly-owned subsidiary Tianjin Jinggong, with a guarantee balance of CNY 3,000,000[186]. - The company has ongoing commitments to stabilize its stock price, with commitments starting from August 6, 2021, to August 5, 2024[188]. - The company has issued a commitment regarding the standardization and reduction of related party transactions, which is also in progress[190]. - The company has acknowledged the existence of historical issues and is committed to addressing them, with ongoing compliance[190].

Financial Performance - The company's operating revenue for 2022 was CNY 377,910,782.35, a decrease of 3.98% compared to the previous year[6] - The net profit attributable to shareholders was CNY 18,850,771.44, down 31.36% year-on-year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 14,058,947.13, a decline of 41.43% compared to the previous year[6] - Basic earnings per share decreased to CNY 0.13, down 35.00% year-on-year[6] - The company reported a basic earnings per share of CNY 2.32 at the end of the reporting period, reflecting a year-on-year increase of 1.31%[6] Assets and Equity - Total assets at the end of the reporting period were CNY 509,375,329.22, an increase of 8.88% from the beginning of the period[6] - Shareholders' equity attributable to the company was CNY 333,956,358.10, up 1.36% year-on-year[6] Market Impact - The company's earnings were significantly impacted by ongoing COVID-19 pandemic restrictions and unstable customer orders[7] - The company adjusted its sales policies in response to market changes, leading to a decrease in product sales prices[7] Financial Caution - The financial data presented is preliminary and has not been audited, cautioning investors about potential risks[9]

Financial Performance - Operating income for the first nine months decreased by 2.15% to CNY 280,266,324.20 compared to the same period last year[14]. - Net profit attributable to shareholders decreased by 14.06% to CNY 16,614,762.96 for the first nine months[14]. - In Q3 2022, operating income was CNY 96,893,041.02, a decrease of 4.58% compared to Q3 2021[15]. - Net profit attributable to shareholders in Q3 2022 increased by 8.96% to CNY 5,198,047.00 compared to Q3 2021[15]. - The total revenue for the reporting period was 97,173,671, a decrease of 14.52% compared to the previous period[5]. - The company’s total revenue for the first nine months of 2022 was ¥280,266,324.20, a decrease of 2.0% from ¥286,427,815.16 in the same period of 2021[64]. - Total profit for Q3 2022 was ¥8,970,199.11, down from ¥10,177,826.49 in Q3 2021, representing a decline of 11.8%[66]. - The company reported a total operating profit of ¥9,000,272.73 for Q3 2022, compared to ¥10,302,387.82 in Q3 2021, a decrease of 12.6%[65]. Cash Flow - Cash flow from operating activities decreased by 75.00% to CNY 3,869,325.44 compared to the same period last year[14]. - Net cash flow from operating activities decreased by 75.00%, mainly due to a reduction in cash received from sales by 14,630,625.05 yuan and an increase in cash paid for purchases by 9,884,373.62 yuan[29]. - Net cash flow from investing activities decreased by 37.73%, primarily due to an increase in cash payments for fixed assets and other long-term assets by 27,252,801.27 yuan[30]. - Net cash flow from financing activities decreased by 86.58%, mainly due to cash payments for profit distribution amounting to 23,044,762.07 yuan[31]. - The net cash flow from operating activities was -34,241,667.32 yuan, a sharp decline from a positive cash flow of 103,434.92 yuan in the same period last year[76]. - Cash inflow from operating activities was 146,088,676.52 yuan, compared to 152,768,672.60 yuan in the previous period, showing a decrease in operational cash inflow[76]. - The company paid 173,657,193.28 yuan in other cash related to operating activities, an increase from 146,260,923.13 yuan in the previous period[76]. Assets and Liabilities - Total assets increased by 5.46% to CNY 493,386,740.85 compared to the end of the previous year[14]. - Cash and cash equivalents decreased by 41.84% due to cash payments for fixed assets and profit distribution[16]. - The company reported a decrease in the asset-liability ratio to 22.34% from 17.94% in the previous year[14]. - Total liabilities increased to ¥110,210,244.28, up 31.2% from ¥83,922,071.49 in the previous year[58]. - The company’s short-term borrowings increased to ¥59,052,626.53, up 103.5% from ¥29,033,901.75[57]. - The company has pledged assets totaling 31,975,383.10, which represents 6.48% of total assets, to secure short-term loans[50]. Shareholder Information - The total number of ordinary shares at the end of the reporting period was 143,690,460, with 5,863 shareholders[36]. - The largest shareholder, Beijing Kaiteng Jingda Management Consulting Partnership, held 67,126,838 shares, accounting for 46.72% of the total shares[38]. - The company reported a total of 48,926,838 shares outstanding, with a significant portion held by major shareholders[5]. Expenses - Financial expenses for the first three quarters of 2022 increased by 71.70% year-on-year, primarily due to an increase in short-term bank loans amounting to 30,000,000.00 yuan[27]. - Research and development expenses for Q3 2022 were ¥6,039,996.22, slightly up from ¥5,991,835.40 in Q3 2021, showing a 0.8% increase[65]. - Research and development expenses for the first nine months of 2022 were 4,883,892.02 million, compared to 8,349,322.67 million in 2021, reflecting a significant reduction[69]. Other Information - The company has not faced any litigation or arbitration matters during the reporting period[42]. - The company has not implemented any profit distribution or capital increase from reserves during the reporting period[52]. - The company has not conducted any share buybacks or employee incentive plans during the reporting period[42]. - The company has maintained compliance with all disclosed commitments without any violations[48].

Financial Performance - The company's operating revenue for the reporting period was ¥183,373,283.18, a decrease of 0.82% compared to the previous year[29]. - The net profit attributable to shareholders was ¥11,416,715.96, reflecting a decline of 21.60% year-over-year[29]. - The gross profit margin decreased to 36.29% from 41.23% in the same period last year[29]. - The company's cash flow from operating activities showed a net outflow of ¥917,781.47, a significant decline of 123.54% compared to the previous year[31]. - The weighted average return on equity decreased to 3.41% from 5.43% year-over-year[29]. - The company's net profit decreased by 23.34% to ¥15,507,776.41, attributed to increased operating costs and financial expenses[77]. - The total profit before tax was 17,404,000.04, compared to 23,295,434.80 in the previous year, a decrease of approximately 25.4%[1]. - The total comprehensive income for the first half of 2022 was 15,507,776.41, down from 20,228,368.81, reflecting a decrease of approximately 23.5%[2]. Assets and Liabilities - Total assets increased by 2.66% to ¥480,282,897.04, while total liabilities rose by 25.15% to ¥105,031,962.74[30]. - Cash and cash equivalents decreased by 35.51% to ¥80,449,139.04, primarily due to negative net cash flow from operating activities of ¥917,781.47 and cash payments for fixed assets totaling ¥45,043,326.58[74]. - Accounts receivable increased by 24.16% to ¥76,053,436.29, while inventory remained relatively stable with a slight increase of 2.49% to ¥36,592,875.77[74]. - The total equity attributable to shareholders was CNY 326,522,302.62, down from CNY 329,474,632.66[190]. - The company’s total liabilities rose to CNY 105,031,962.74 from CNY 83,922,071.49, marking an increase of about 25.3%[190]. Research and Development - As of the end of the reporting period, the company held a total of 157 patents, including 10 invention patents and 135 utility model patents[7]. - R&D expenses amounted to CNY 11.50 million, a decrease of 10.98% from CNY 12.92 million in the previous year[62]. - The company has established a research and development department that focuses on key technology development, with a primary emphasis on self-research due to the limited availability of related professionals in the industry[39]. - The company continues to develop new technologies and products despite challenges posed by the pandemic and rising raw material prices[62]. Market and Operations - The company focuses on the research, production, and sales of gravure printing plates, serving major printing groups in the packaging industry[36]. - The company aims to expand its market presence in high-end packaging and special printing sectors[36]. - The company's main business revenue comes from the sales of gravure printing plates, with no significant changes in operational qualifications or core technology during the reporting period[38]. - The company has developed advanced technologies such as laser engraving and laser film etching, integrating multiple engraving techniques into a single product, enhancing customer satisfaction and loyalty[40]. - The company maintains a centralized sales management model, ensuring unified market strategies and effective communication with customers to secure orders[45]. Risk Management - The company faces risks related to the ongoing impact of the COVID-19 pandemic, which may affect its operations and market demand[14]. - The company is exposed to macroeconomic fluctuations that could influence the demand for its products in the printing industry[15]. - The company emphasizes risk management, addressing various operational risks such as material price increases and market competition[52]. - The company has implemented strict environmental protection measures but faces risks related to potential pollution during production processes[16]. Governance and Compliance - The company emphasizes the importance of maintaining a robust governance structure to support its ongoing development and operational needs[16]. - The company has established a comprehensive governance structure, including various management systems such as financial management and risk control, ensuring effective decision-making and supervision[50]. - The company has established a relatively standardized corporate governance structure prior to its listing, which continues to evolve with its expanding business operations[107]. - The company is committed to protecting the legal rights of all shareholders, including minority shareholders[107]. Environmental Responsibility - The company integrates green development concepts into its operations, aiming to reduce resource consumption and promote recycling[93]. - The company has established wastewater treatment facilities to comply with national pollution discharge standards, ensuring that wastewater is treated and reused[94]. - The company has installed dedicated exhaust gas treatment facilities to ensure compliance with air pollution discharge standards[94]. - The company is committed to complying with environmental regulations and improving its environmental technology to meet or exceed national standards[105].

Customer Contributions - The total sales amount from the top five customers is CNY 58,366,122.05, accounting for 15.18% of total sales[6] - The largest customer contributed CNY 24,655,907.00, representing 6.41% of total sales, and has a related party relationship with the company[6] - The top five customers contributed a total revenue of 58,366,122.05, accounting for 15.18% of the main business revenue[16] - The largest customer, Huangshan Yongxin Co., Ltd., generated revenue of 18,753,649.80, representing 4.88% of the main business revenue[18] - The second-largest customer, Wuhan Hongzhicai Packaging Printing Co., Ltd., contributed 6,376,214.49, which is 1.66% of the main business revenue[18] Financial Write-offs - The company has written off accounts receivable totaling CNY 84,169.65 during the year, with the largest write-off from Huangshan Jinmeitai Decoration Materials Co., Ltd. at CNY 153,874.68[13][14] - The total amount of written-off accounts receivable for the year is 402,980.31[15] Executive Compensation - The annual pre-tax compensation for the chairman is CNY 439,700.00, while the total number of board members is 7 and supervisory board members is 3[10][11] Financial Reporting - The company has no impact on its financial status or operating results due to the corrections made in the annual report[3] - The company has committed to improving the quality of information disclosure in the future[17]

证券代码：871553 证券简称：凯腾精工 公告编号：2022-061 北京凯腾精工制版股份有限公司 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。 | 北京凯腾精工制版股份有限公司（以下简称"公司"）于 2022 年 4 月 28 日接待了 1 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 4 月 28 日 调研地点：北京市丰台区星火路 1 号 1 幢 18 层 18C1 室公司会议室 调研形式：现场调研 调研机构：中国银河证券股份有限公司 上市公司接待人员：董事长李文田先生、总经理李京女士、董事会秘书李保 森先生、财务总监孔琳女士。 二、 调研的主要问题及公司回复概要 问题 1：请简单介绍公司的主营业务？ 回复：公司主营业务为印刷行业中核心技术 ...

Financial Performance - Net profit attributable to shareholders for Q1 2022 was CNY 4,330,654.62, representing a slight increase of 0.58% year-on-year[14] - Operating revenue for Q1 2022 was CNY 82,311,682.50, down 3.14% from CNY 84,979,275.30 in the same period last year[14] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 77.35% year-on-year, primarily due to increased production costs and reduced revenue[19] - The weighted average return on equity based on net profit attributable to shareholders was 1.31%, down from 1.64% in the previous year[14] - Total operating revenue for Q1 2022 was ¥82,311,682.50, a decrease of 1.96% compared to ¥84,979,275.30 in Q1 2021[42] - Net profit for Q1 2022 was ¥5,077,783.23, down 19.7% from ¥6,322,341.54 in Q1 2021[44] - The company achieved an operating profit of ¥5,667,941.51 in Q1 2022, down 26.0% from ¥7,663,173.62 in Q1 2021[43] Assets and Liabilities - Total assets as of March 31, 2022, were CNY 465,850,239.28, a decrease of 0.42% compared to the end of the previous year[14] - The company's asset-liability ratio (consolidated) increased to 18.60% from 17.94% year-on-year[14] - As of March 31, 2022, total current assets amounted to ¥227,934,819.55, a decrease from ¥265,269,812.61 as of December 31, 2021, representing a decline of approximately 14.1%[34] - Total non-current assets rose to ¥237,915,419.73 from ¥202,564,462.77, marking an increase of around 17.4%[35] - Total liabilities increased to ¥86,660,252.16 from ¥83,922,071.49, which is an increase of about 3.3%[36] - Shareholders' equity decreased to ¥379,189,987.12 from ¥383,912,203.89, reflecting a decline of approximately 1.9%[36] - The company’s total current liabilities amounted to ¥82,363,674.51, up from ¥79,439,656.47, indicating an increase of about 3.7%[35] Cash Flow - The net cash flow from operating activities for Q1 2022 was -CNY 13,179,350.86, a decrease of 200.32% compared to -CNY 4,388,397.47 in Q1 2021[14] - Cash inflow from operating activities totaled CNY 79,017,320.14, down from CNY 87,440,095.81 year-over-year[49] - Cash outflow from operating activities was CNY 92,196,671.00, slightly up from CNY 91,828,493.28[51] - Net cash flow from investing activities was CNY -31,919,186.44, compared to CNY -21,321,262.84 in the previous year[51] - Cash inflow from financing activities was CNY 24,000,000.00, an increase from CNY 7,000,000.00[51] - The company reported a net cash outflow of CNY 39,174,764.43 for the period[51] Shareholder Information - The total number of ordinary shares at the end of the reporting period was 143,690,460, with 6,345 shareholders[20] - The largest shareholder, Beijing Kaiteng Jingda Management Consulting Partnership, holds 67,126,838 shares, representing 46.72% of total shares[22] - The total number of shares held by the top ten shareholders is 97,187,671, accounting for 67.63% of total shares[23] - The company reported a decrease of 46,000 shares in total holdings among the top ten shareholders during the reporting period[23] - The company has a total of 74,720,904 restricted shares and 22,466,767 unrestricted shares among the top ten shareholders[23] Government Support and Commitments - The company received government subsidies amounting to CNY 4,041,570.96 during the reporting period[17] - The total non-recurring gains and losses for the period amounted to CNY 3,493,523.89 after tax[17] - The company has made several important commitments regarding stock price stability and avoiding competition, all of which were fulfilled during the reporting period[29] Other Information - The company has no ongoing litigation or arbitration matters during the reporting period[26] - There are no significant external guarantees or loans provided by the company during the reporting period[26] - The company has not engaged in any share buyback activities during the reporting period[26] - The expected amount for purchasing raw materials and services in 2022 was 2,430,000 CNY, while the actual amount incurred was 173,100.42 CNY[28] - The expected revenue from sales of products and services was 26,040,000 CNY, with actual revenue reported at 5,689,408.79 CNY[28]

Corporate Structure and Governance - The company has a structured corporate governance framework but needs to continuously improve it to adapt to its expanding operations [19]. - The company is actively improving its corporate governance structure to ensure compliance with laws and regulations [163]. - The company is committed to protecting the rights of all shareholders, including minority shareholders [163]. - The company has ongoing commitments regarding related party transactions and social insurance obligations, ensuring compliance with regulatory requirements [176]. - The company has a history of agreements among its major shareholders to maintain control and decision-making consistency until December 30, 2022 [178]. - The controlling shareholder and actual controller have committed not to reduce their holdings during the stock issuance and listing process, and for 12 months post-listing [187]. - The board of directors and senior management have pledged to link their compensation system to the execution of the company's profit distribution measures [193]. - The company has made commitments to avoid any direct or indirect competition with its controlling shareholder and related enterprises [194]. Financial Performance - The company's operating revenue for 2021 was CNY 393,584,468.41, representing a 13.12% increase compared to CNY 347,946,571.19 in 2020 [32]. - The net profit attributable to shareholders for 2021 was CNY 27,464,166.17, a decrease of 19.93% from CNY 34,301,181.32 in 2020 [32]. - The gross profit margin for 2021 was 40.07%, down from 44.57% in 2020 [32]. - The weighted average return on equity based on net profit attributable to shareholders was 9.44% in 2021, compared to 13.81% in 2020 [32]. - The basic earnings per share for 2021 was CNY 0.20, a decrease of 23.08% from CNY 0.26 in 2020 [32]. - Total assets increased by 23.83% from the beginning of the year to 467,834,275.38 yuan [34]. - Total liabilities rose by 28.89% to 83,922,071.49 yuan compared to the beginning of the year [34]. - Net assets attributable to shareholders increased by 26.17% to 329,474,632.66 yuan [34]. - Operating cash flow decreased by 17.81% to 48,222,323.86 yuan compared to the previous year [36]. - Revenue growth rate for the year was 13.12%, up from 2.07% in the previous year [37]. - Net profit decreased by 13.72% compared to the previous year [37]. - The total number of ordinary shares increased by 9.94% to 143,690,460 shares [39]. - Non-recurring gains and losses amounted to 6,936,955.56 yuan for the year [43]. - Cash and cash equivalents increased by 41.20% to CNY 124,752,973.86 compared to CNY 88,354,773.44 at the beginning of the period [82]. - The balance of construction in progress rose by 177.29% to CNY 14,420,804.83, driven by investments in new projects [83]. - Intangible assets increased by 280.76% to CNY 25,558,036.74, primarily due to land use rights acquisition [83]. - Short-term borrowings increased by 70.79% to CNY 29,033,901.75, reflecting the company's increased bank borrowings [83]. - The net profit for the current period is CNY 41,540,409.06, down 13.72% from CNY 48,146,040.75 in the previous year [87]. Research and Development - The company has been granted 2 new invention patents and 14 new copyrights during the reporting period [10]. - R&D expenses increased by 7.17% to 24.21 million yuan from 22.59 million yuan in the previous year, with breakthroughs in laser micro-engraving technology [59]. - The total number of R&D personnel decreased from 143 to 122, with R&D personnel now accounting for 13.44% of the total workforce, up from 11.48% [127]. - The company is actively involved in research and development of new printing technologies and products to enhance market competitiveness [120]. - The company has developed advanced technologies in various fields, including laser engraving and digital color separation, contributing to its market share in high-value products [129]. - The company has implemented a technology advancement strategy, continuously organizing new technology development and focusing on key technical challenges [130][131]. Market and Industry Position - The company operates in a technology and talent-intensive industry, with significant barriers to entry due to the need for specialized skills and experience in the gravure printing sector [64]. - The company has established a strong brand reputation, which is crucial for gaining trust from downstream clients, making it difficult for new entrants to compete [66]. - The company's service radius is approximately 500 kilometers, allowing it to efficiently serve major printing groups and maintain a unified production process [67]. - The gravure printing industry is subject to regulatory requirements, including the need for an official printing business license, creating a qualification barrier for new entrants [68]. - The company has a competitive advantage in market layout, focusing on high-end packaging, cigarette packaging, and specialty printing, with production and R&D bases located in economically developed regions [70]. - The company is focused on optimizing its market strategy to expand high-value packaging and new product customer resources, aiming to improve operational efficiency and profitability [154]. Risks and Challenges - The company faced risks from the COVID-19 pandemic, which affected procurement, production, sales, and customer expansion [17]. - The company faces risks related to environmental protection compliance and potential penalties for heavy metal pollution [19]. - There is a risk of changes in tax incentive policies that could affect the company's tax benefits [19]. - The company has not experienced significant changes in major risks during the reporting period [19]. - The company is at risk of losing tax incentives if national tax policies change, which could affect its financial performance [161]. - The company is enhancing its internal management systems to ensure compliance with epidemic prevention measures and improve operational efficiency [153]. - The company has experienced significant increases in raw material costs, particularly in steel and copper, which have negatively impacted profit margins [158]. Environmental and Sustainability Efforts - The company adheres to a sustainable development strategy, emphasizing resource conservation and environmental friendliness in its operations [137][138]. - The company has established wastewater treatment facilities in accordance with the "three simultaneous" principle, ensuring compliance with multiple national standards for wastewater discharge [142]. - The company categorizes solid waste into recyclable and outsourced disposal types, with a significant portion of steel scraps being recycled [140]. - The company is committed to upgrading its environmental protection facilities and developing green technologies, aligning with the growing emphasis on eco-friendly manufacturing [146]. - The company is actively working to improve its environmental protection measures to mitigate risks associated with heavy metal pollution during production processes [160]. Shareholder Commitments and Stock Management - The company has ongoing commitments related to stabilizing the company's stock price and ensuring the safety of company assets [174]. - The company has committed to measures to stabilize its stock price, including a plan to buy back shares if the stock price falls below the issuance price for 10 consecutive trading days [179]. - The controlling shareholders and management will use at least 30% of their previous year's cash dividends for stock purchases to stabilize the price [180]. - The company will initiate stock buybacks within 5 trading days of triggering the stabilization plan, detailing the number of shares, purchase price, and duration [180]. - The commitment to stabilize the stock price will be terminated if the stock price exceeds the issuance price for 3 consecutive trading days after the plan is activated [181]. - The company has outlined specific measures to address any potential dilution of shareholder value, ensuring that commitments are met in a timely manner [176]. - The company plans to implement a stock repurchase plan if the stock price falls below the audited net asset value per share for 20 consecutive trading days, with a repurchase amount not less than 10% of the previous year's audited net profit [182].