证券简称：航天动力 证券代码：600343 编号：临 2023-015 重要内容提示： 会议召开时间：2023 年 06 月 08 日（星期四）上午 11:00-12:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 06 月 01 日(星期四)至 06 月 07 日（星期三）16:00 前 登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱（zqb@china- htdl.com）进行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 陕西航天动力高科技股份有限公司（以下简称"公司"）已于 2023 年 4 月 29 日在上海证券交易所网站（www.sse.com.cn）披露公司 2022 年年度报告、2023 年第一季度报告，为便于广大投资者更全面深入地了解公司 2022 年度及 2023 年 第一季度经营成果、财务状况，公司计划于 2023 年 06 月 08 日（星期四）上午 11:00-12:00 举行航天动力 2 ...

证券简称：航天动力 证券代码：600343 编号：临 2023-013 陕西航天动力高科技股份有限公司关于参加 "2023 年陕西辖区上市公司投资者集体接待日 暨 2022 年度业绩说明会"的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 重要内容提示： 一、业绩说明会类型 陕西航天动力高科技股份有限公司（以下简称"公司"）已于 2023 年 4 月 29 日在上海证券交易所网站（www.sse.com.cn）披露了公司《2022 年年度报告》。 为加强与广大投资者沟通交流，进一步提升投资者关系管理水平，公司将参加由 陕西证监局、陕西省国有资产管理委员会、陕西省金融监管局、中证中小投服中 心、陕西上市公司协会、全景网共同举办的"2023 年陕西辖区上市公司投资者集 体接待日暨 2022 年度业绩说明会"活动。 二、业绩说明会召开的时间及地点 公司总经理薛晓军先生、财务总监金群先生、董事会秘书孟非然先生及相关 业务部门负责人将通过互动平台参加本次会议，与投资者进行网络沟通和交流 （如有特殊情况，参会人员可能进行调整）。 四 ...

Financial Performance - The company's operating revenue for Q1 2023 was approximately ¥146.72 million, representing a decrease of 37.67% compared to the same period last year[4] - The net profit attributable to shareholders of the listed company was a loss of approximately ¥12.20 million, with a net profit excluding non-recurring gains and losses of approximately ¥12.75 million[4] - The net loss for Q1 2023 was CNY 12.12 million, compared to a net loss of CNY 10.67 million in Q1 2022[22] - Operating profit for Q1 2023 was a loss of CNY 12.12 million, compared to a loss of CNY 9.76 million in the same period last year[22] - The total comprehensive income attributable to the parent company was -12,122,679.11, compared to -10,667,174.93 in the previous period, indicating a decline[23] - Basic earnings per share were -0.0191, slightly worse than -0.0174 in the previous period[23] Cash Flow and Liquidity - The net cash flow from operating activities was negative at approximately ¥58.89 million[4] - Cash received from borrowings in Q1 2023 amounted to CNY 309.09 million, primarily from new loans[13] - Cash used for debt repayment in Q1 2023 was CNY 129.73 million, mainly for repaying loans[13] - The company's cash and cash equivalents as of March 31, 2023, were CNY 449.43 million, down from CNY 502.99 million at the end of 2022[17] - Net cash flow from operating activities was -58,893,539.39, an improvement from -78,087,584.40 in the previous period[25] - Cash inflow from financing activities totaled 180,000,000.00, significantly higher than 44,000,000.00 in the previous period[26] - The company reported a net cash outflow from investment activities of -3,361,465.38, contrasting with a net inflow of 74,242,945.10 previously[25] Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥3.11 billion, a decrease of 1.14% from the end of the previous year[9] - The total liabilities as of March 31, 2023, were CNY 1,206.43 million, down from CNY 1,231.39 million at the end of 2022[19] - Total current liabilities as of March 31, 2023, were CNY 1,124.05 million, a decrease from CNY 1,147.32 million at the end of 2022[19] - The equity attributable to shareholders of the listed company was approximately ¥1.85 billion, down 0.60% from the end of the previous year[9] - Total equity attributable to shareholders was CNY 1,849,640,065.09, slightly down from CNY 1,860,804,118.43 year-over-year[33] - The total liabilities and equity amounted to CNY 3,111,471,925.81, compared to CNY 3,147,379,717.98 in the previous year[33] Operational Metrics - The decrease in operating revenue was primarily due to the reduction in the consolidation scope following the decrease in the company's shareholding in Xi'an Aerospace Huawai Chemical Bioengineering Co., Ltd. to 49%[5] - The company reported a significant decrease in other income by 64.70%, mainly due to a reduction in government subsidies received[11] - The company experienced a 122.55% decrease in credit impairment losses, attributed to the reversal of bad debt provisions in the previous period[11] - Total operating costs for Q1 2023 were CNY 159,442,235.14, down from CNY 247,905,638.73 in Q1 2022, reflecting a reduction of 35.6%[33] - R&D expenses decreased to CNY 8,031,700.52 in Q1 2023 from CNY 9,655,709.59 in Q1 2022, a reduction of 16.8%[33] - The company reported interest income of CNY 1.13 million in Q1 2023, an increase from CNY 0.96 million in Q1 2022[22] Shareholder Information - Total number of common shareholders at the end of the reporting period was 72,489[13] - The largest shareholder, Xi'an Aerospace Technology Industry Co., Ltd., holds 183,663,392 shares, accounting for 28.78% of total shares[13]

Financial Performance - The company reported a net profit attributable to shareholders of -39.96 million RMB for the year 2022, indicating a significant loss compared to previous periods[4]. - As of December 31, 2022, the company's distributable profits were -41.52 million RMB, leading to a decision not to distribute profits or implement stock dividends for the year[4]. - The company achieved operating revenue of approximately 1.28 billion RMB in 2022, representing a 4.02% increase compared to 2021[27]. - The net profit attributable to shareholders was a loss of approximately 39.96 million RMB, an improvement from a loss of 257.94 million RMB in the previous year[27]. - The cash flow from operating activities decreased by 89.26% to approximately 20.64 million RMB, primarily due to increased cash payments for goods and services[27]. - The total assets decreased by 14.21% to approximately 3.15 billion RMB compared to the end of 2021[29]. - The net assets attributable to shareholders decreased by 1.54% to approximately 1.86 billion RMB at the end of 2022[29]. - The basic earnings per share were -0.0626 RMB, showing an improvement from -0.4042 RMB in 2021[37]. - The weighted average return on equity improved by 10.63 percentage points to -2.14% compared to the previous year[37]. - The company reported a significant decrease in net cash flow from operating activities, down 89.26% to 2.06 million RMB[70]. Risk Management and Compliance - The company received a notice from the China Securities Regulatory Commission regarding an investigation into potential violations of information disclosure laws, which remains unresolved as of the audit report date[3]. - The board of directors confirmed that there are no significant risks affecting the authenticity and completeness of the annual report, ensuring compliance with legal responsibilities[11]. - The company has emphasized the importance of risk awareness in its forward-looking statements, advising investors to consider potential investment risks[9]. - The company has maintained its commitment to transparency and accuracy in financial reporting, as stated by its management team[6]. - The company continues to operate under the supervision of its appointed accounting firm, ensuring adherence to auditing standards[25]. Business Operations and Market Trends - The company has not disclosed any plans for new product development or market expansion in the current report[11]. - Despite the losses, the company's core business profitability showed signs of improvement[44]. - The company’s pump and pump system business saw a 17% year-on-year increase in new contracts, exceeding 300 million yuan, with nine large-scale projects awarded[56]. - The domestic sales of industrial vehicles, specifically forklifts, decreased by 4.6% to 1.048 million units in 2022, while electric forklifts increased by 2.6% to 675,000 units[52]. - The company’s electric motor exports reached 21.948 billion USD in 2022, a growth of 2.62% year-on-year, while imports fell by 4.45% to 5.1 billion USD[50]. - The company’s chemical and biological equipment revenue increased despite a decline in product profitability due to intensified market competition[58]. - The company is focusing on expanding its business in fluid technology, particularly in pump systems and fluid measurement systems[101]. - The domestic pump industry achieved a revenue of CNY 1.02 trillion, with a year-on-year growth of 1.42%[102]. - The market for smart gas meters is expanding due to urbanization and safety regulations, increasing demand for IoT solutions[104]. Research and Development - Research and development efforts included the completion of industrial trials for high-performance volumetric pumps, laying the groundwork for market promotion[62]. - The company successfully developed a new series of hydraulic torque converters for next-generation gearboxes, receiving user mass production approval[62]. - The R&D expenses increased by 6.79% to 65.37 million RMB, reflecting ongoing innovation efforts[70]. - The total R&D investment amounted to 70.10 million yuan, representing 5.50% of the operating revenue[87]. - The company completed the development of 4 new models of large hydraulic pump products during the reporting period[87]. Financial Management and Investments - The company has not proposed any capital reserve conversion into share capital for the fiscal year 2022, pending approval from the shareholders' meeting[4]. - The investment activities generated a net cash outflow of -199.91 million RMB, an increase of 88.65% compared to the previous year[70]. - The company’s investment in Xi'an Aerospace Huawi Chemical Biological Engineering Co., Ltd. decreased from 61.22% to 51.95% after a capital increase of $90 million[81]. - Following a subsequent capital increase, the company's stake in Xi'an Aerospace Huawi further decreased to 49%, resulting in the company no longer consolidating its financials[82]. - The company reported a significant change in its business structure due to the equity changes in its subsidiaries[83]. Asset Management - Total assets decreased by 14.21% to CNY 314,737.97 million compared to the previous year[97]. - Current assets decreased by 25.28% to CNY 186,158.48 million, primarily due to the reduction in the shareholding of Xi'an Aerospace Hu Wei to 49%[96]. - Inventory decreased by 23.34% to CNY 62,312.92 million, attributed to the same reduction in shareholding[96]. - Non-current assets increased by 9.21% to CNY 128,579.49 million, indicating a shift in asset composition[97]. - Total liabilities decreased by 18.15% to CNY 123,138.58 million, reflecting improved financial stability[97]. Equity and Reserves - The total owner's equity at the end of the period is 2,164,270,160.32, reflecting a decrease of 4,870,500.00[121]. - The special reserve for the period increased by 3,294,578.82, with a total of 4,151,347.19 at the end of the period[121]. - The company extracted surplus reserves amounting to 6,709,893.18 during the period[121]. - The company utilized 3,415,314.36 from the special reserve during the period[121]. - The company reported a decrease in profit distribution to owners, with specific amounts not detailed in the provided data[121]. Compliance and Reporting Standards - The company is committed to maintaining compliance with financial reporting standards and improving transparency in its financial disclosures[137]. - The company recognized impairment losses when the recoverable amount of assets was lower than their carrying value, with the recoverable amount determined based on fair value less disposal costs or the present value of expected future cash flows[154]. - Revenue is recognized based on the progress of performance obligations, with specific criteria for determining when control of goods or services is transferred to customers[164]. - Government grants are recognized as deferred income when related to future costs or losses, and directly recognized in profit or loss when compensating for costs already incurred[196].

Financial Performance - The company's operating revenue for Q3 2022 was ¥371,372,795.83, representing a year-over-year increase of 36.71%[5] - The net profit attributable to shareholders for Q3 2022 was ¥4,569,487.25, while the net profit for the year-to-date period was -¥17,178,758.43[5] - The basic and diluted earnings per share for Q3 2022 were both ¥0.007160, compared to -¥0.026917 for the same period last year[6] - Total operating revenue for the first three quarters of 2022 reached ¥882,290,126.06, an increase of 12.3% compared to ¥785,806,900.16 in the same period of 2021[20] - The net profit for the third quarter of 2022 was -¥10,545,829.15, compared to -¥79,526,327.68 in the same quarter of 2021, indicating a significant reduction in losses[23] Assets and Liabilities - The total assets at the end of Q3 2022 amounted to ¥3,806,526,171.66, reflecting a 3.76% increase from the end of the previous year[6] - The total liabilities as of the third quarter of 2022 amounted to ¥1,557,552,264.09, an increase from ¥1,504,415,384.28 in the previous year[19] - The company's total current assets as of September 30, 2022, amount to ¥2,676,723,836.97, an increase from ¥2,491,364,911.49 at the end of 2021[17] - The total equity attributable to shareholders decreased by 0.99% to ¥1,871,073,362.05 compared to the previous year[6] - The total equity attributable to shareholders of the parent company was ¥1,871,073,362.05, a slight decrease from ¥1,889,875,757.48 year-over-year[19] Cash Flow - The company's cash flow from operating activities for the year-to-date period was -¥115,443,232.43[5] - The company reported a cash inflow from operating activities of ¥838,249,917.05 for the first three quarters of 2022, compared to ¥664,904,080.04 in the same period of 2021, marking a growth of 26.0%[25] - Operating cash inflow totaled CNY 849,458,552.72, an increase from CNY 680,353,219.01 in the previous year, representing a growth of approximately 25%[27] - Operating cash outflow amounted to CNY 964,901,785.15, up from CNY 746,677,175.91, indicating a rise of about 29%[27] - Net cash flow from operating activities was CNY -115,443,232.43, worsening from CNY -66,323,956.90 year-over-year[27] Investments and Expenses - Research and development expenses increased by 35.07% due to higher spending by subsidiaries Baoji Pump Industry and Xi'an Huawai[11] - Research and development expenses for the first three quarters of 2022 were ¥31,215,445.38, up from ¥23,110,607.17 in the same period of 2021, reflecting a growth of 35.1%[20] - The company reported a significant increase of 971.15% in construction in progress, attributed to fixed asset investments by Baoji Pump Industry[11] - Total operating costs for the first three quarters of 2022 were ¥916,028,568.01, up from ¥868,771,854.56 in the previous year, reflecting a rise of 5.5%[20] Shareholder Information - The total number of common shareholders at the end of the reporting period is 80,789[13] - The largest shareholder, Xi'an Aerospace Technology Industry Co., Ltd., holds 183,663,392 shares, accounting for 28.78% of total shares[13] Cash and Equivalents - Cash and cash equivalents decreased to ¥644,032,823.58 from ¥717,114,900.60 year-over-year[15] - The ending cash and cash equivalents balance increased to CNY 632,695,330.27 from CNY 289,566,857.08, marking a substantial improvement[28] Government Support - The company received government subsidies amounting to ¥4,679,249.90 during the quarter, contributing to its non-recurring gains[7] Other Observations - The company has no significant new product or technology developments mentioned in the reports[14] - There are no new strategies or market expansions indicated in the current reports[14] - The company plans to continue focusing on market expansion and new product development to drive future growth[21]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥510,917,330.23, a decrease of 0.63% compared to ¥514,150,691.37 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was -¥21,748,245.68, a significant decline of 619.46% from ¥4,186,725.04 in the previous year[22]. - The net cash flow from operating activities was -¥58,130,819.93, compared to -¥132,389,223.91 in the same period last year[22]. - The basic earnings per share for the first half of 2022 were -¥0.034077, a decrease of 619.46% from ¥0.006560 in the same period last year[25]. - The weighted average return on net assets was -1.15670%, a decrease of 1.3513 percentage points compared to 0.19458% in the previous year[25]. - The decline in net profit was primarily due to a decrease in product gross margin and an increase in operating costs and expenses[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by ¥23,753,701.99 compared to the same period last year, primarily due to a reduction in product gross margin and an increase in operating costs and expenses[26]. - The net cash flow from operating activities increased by ¥74,258,403.98 compared to the same period last year, mainly due to a large advance payment received by the subsidiary Xi'an Huawai[26]. - Basic earnings per share decreased by ¥0.04064 compared to the same period last year, while diluted earnings per share also decreased by ¥0.04064[26]. - The company's operating revenue for the first half of 2022 was approximately ¥510.92 million, a decrease of 0.63% compared to ¥514.15 million in the same period last year[50]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,739,009,116.74, an increase of 1.92% from ¥3,668,685,544.60 at the end of the previous year[24]. - The net assets attributable to shareholders of the listed company decreased by 1.25% to ¥1,866,343,683.59 from ¥1,889,875,757.48 at the end of the previous year[24]. - The company's inventory increased by 7.67% to approximately ¥87.52 million compared to ¥81.28 million in the previous year[60]. - The company's fixed assets decreased by 3.86% to approximately ¥87.33 million from ¥90.84 million year-on-year[60]. - The company's total liabilities decreased by 0.51% to CNY 149,680.93 million[63]. - The company's short-term borrowings decreased by 7.85% to CNY 35,200.00 million[61]. - The company's total non-current assets decreased by 2.74% to CNY 114,509.43 million[61]. - The total liabilities decreased slightly to CNY 1,496,809,312.37 from CNY 1,504,415,384.28, a reduction of about 0.5%[129]. - The company's cash and cash equivalents decreased to CNY 698,673,329.53 from CNY 717,114,900.60, a decline of approximately 2.3%[125]. Research and Development - Research and development expenses rose by 14.94% to approximately ¥18.48 million, primarily due to increased R&D costs at its subsidiary Jiangsu Electromechanical[54]. - The company applied for a total of 26 patents in the first half of the year, including 18 invention patents[47]. - Research and development expenses increased to ¥2,434,130.92 in the first half of 2022, up from ¥1,819,396.38 in the same period of 2021, indicating a focus on innovation[142]. Market and Industry Trends - The mechanical industry achieved a total operating income of ¥12.95 trillion in the first half of 2022, a year-on-year increase of 5.44%, while total profit decreased by 5.8%[30]. - The petrochemical industry reported a total operating income of ¥8.13 trillion in the first half of 2022, a year-on-year increase of 20.9%, with total profit increasing by 24%[32]. - Water conservancy construction investment reached ¥444.9 billion in the first half of 2022, an increase of 59.5% year-on-year, marking a historical high[33]. - The domestic engineering machinery industry is still in a downward adjustment period, with a 23.2% year-on-year decrease in loader sales to 65,280 units in the first half of 2022, and a 34.5% decline in domestic market sales to 44,037 units[36]. - The automotive market saw production and sales of 12.117 million and 12.057 million vehicles respectively in the first half of 2022, down 3.7% and 6.6% year-on-year, while new energy vehicle sales reached 2.661 million units, a 120% increase[37][38]. Corporate Governance and Compliance - The company held two shareholder meetings during the reporting period, complying with legal and regulatory requirements[74]. - The company did not distribute dividends or issue bonus shares during the reporting period, with a payout of 0 per 10 shares[82]. - The company reported no violations of environmental laws or regulations during the reporting period, maintaining compliance with environmental management systems[85]. - The company is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws[113]. Strategic Initiatives - The company is focusing on technological innovation and model innovation to strengthen its competitive advantages in the industrial vehicle sector[35]. - The company is focusing on technological innovation and upgrading to meet increasing environmental protection and energy-saving standards, enhancing its competitive edge in the market[42]. - The company has established a comprehensive product R&D and production system, leveraging its brand advantages from its affiliation with the China Aerospace Science and Technology Corporation[46]. Financial Position and Cash Flow - The company's cash flow from investment activities turned positive, with a net inflow of approximately ¥61.65 million compared to a net outflow of ¥117.33 million in the previous year[50]. - The company reported a maximum daily deposit limit of RMB 100,000,000 with a deposit interest rate range of 0.4025% to 1.7550%[101]. - The total loan amount for the company was 35,300,000 RMB, with a current balance of 32,300,000 RMB after repayments of 11,300,000 RMB during the period[102]. - The net increase in cash and cash equivalents for the period was CNY 7,584,903.64, contrasting with a decrease of CNY -245,939,653.42 in the previous year[154]. - The ending cash and cash equivalents balance was CNY 341,668,820.50, compared to CNY 182,639,802.44 at the end of the previous year[154].

2022 年第一季度报告 单位：元 币种：人民币 证券代码：600343 证券简称：航天动力 陕西航天动力高科技股份有限公司 2022 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人朱奇、主管会计工作负责人金群及会计机构负责人（会计主管人员）刘燕保证季度报 告中财务报表信息的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 | --- | --- | --- | |-----------------------------------------------|----------------|---------------------------------------| | 项目 | 本报告期 | 本报告期比上年同期增减 \n变动幅度 (%) | | 营业收入 | 235 ...

Financial Performance - The company reported a net profit attributable to shareholders of -257.94 million RMB in 2021, a decrease of 1,034.14% compared to the previous year[19]. - Operating revenue for 2021 was 1.23 billion RMB, down 1.84% from 1.25 billion RMB in 2020[19]. - The company achieved a revenue of 1.18 billion RMB after deducting non-core business income, reflecting a growth of 2.36% year-over-year[19]. - The company reported a total revenue of 1.226 billion RMB for 2021, with a net profit attributable to the parent company of -258 million RMB[27]. - The basic earnings per share for 2021 was -0.404168 RMB, a decrease of 1,034.14% compared to 2020[21]. - The weighted average return on equity decreased by 13.86 percentage points to -12.76530% in 2021[21]. - The company experienced significant asset impairments due to the closure of the hydraulic pump business and rising raw material costs, leading to a substantial decline in gross profit margin[27]. - In Q4 2021, the company achieved a revenue of 440.19 million RMB, but reported a net loss of -189.16 million RMB attributable to shareholders[22]. - The company reported a revenue of 1,225.9986 million yuan, a decrease of 1.84% year-on-year[50]. - The net profit attributable to shareholders was -257.9423 million yuan, a significant decrease of 1034.14% compared to the previous year[50]. Cash Flow and Investments - The net cash flow from operating activities increased significantly to 192.29 million RMB, a rise of 2,551.67% compared to the previous year[19]. - The company recorded a net cash flow from operating activities of 258.61 million RMB in Q4 2021, indicating a recovery in cash generation[22]. - The net cash flow from operating activities was 192.2867 million yuan, a substantial increase of 2,551.68% compared to the previous year[50]. - The company incurred a net cash outflow from investing activities of -105.9683 million yuan, a decrease of 310.07% year-on-year[50]. - The net cash outflow from financing activities was -73.3034 million yuan, a significant decrease of 3,191.51% compared to the previous year[50]. Operational Challenges - The company faced external pressures from the pandemic, power restrictions, and intense market competition, impacting overall operational performance[27]. - The company experienced a decline in overall revenue from pump products due to a significant reduction in spare parts orders, impacting performance[40]. - The company is addressing investment risks related to the automotive torque converter project, which is nearing completion, while managing supply chain optimization due to chip shortages[103]. - The company faces cost pressures from rising raw material prices and plans to implement cost reduction strategies and negotiate price increases with customers[103]. Strategic Focus and Development - The company plans not to distribute cash dividends or issue bonus shares for 2021 due to the negative net profit, retaining profits for future operational and development needs[3]. - The company plans to continue focusing on high-quality development and deepening reforms in response to market challenges[27]. - The company aims to enhance its competitive edge by focusing on high-quality development through asset optimization and innovative enterprise construction[99]. - The company aims to enhance core technology capabilities in fluid machinery and develop automation and digitalization to transition from a single equipment manufacturer to a service provider[100]. - The company is exploring new strategies to optimize supply chain operations, which could lead to cost reductions and improved margins[118]. Research and Development - The company applied for a total of 72 patents during the reporting period, with 56 being invention patents, marking the first time that invention patents exceeded 70%[48]. - R&D expenses totaled ¥6,345.85 million, representing 5.18% of operating revenue[67]. - Capitalized R&D expenditures amounted to ¥998.33 million, contributing to the total R&D investment[67]. - The company is investing 200 million RMB in R&D for new technologies aimed at enhancing product efficiency[121]. - Research and development investments are set to increase by 60.23%, aimed at fostering innovation and improving product offerings[118]. Market Trends and Opportunities - The chemical industry, relevant to the company's operations, saw a 30% increase in revenue in 2021, indicating a growing market opportunity[29]. - In 2021, China's industrial vehicle sales exceeded 1 million units for the first time, reaching 1.0994 million units, a year-on-year increase of 37.38%[36]. - The domestic market for industrial vehicles achieved sales of 783,600 units, up 26.67% year-on-year, while exports reached 315,800 units, increasing by 73.80%[36]. - The engineering machinery industry in China saw its revenue surpass 800 billion yuan in 2021, with a projected increase to 835.3 billion yuan in 2022[37]. - The demand for fire trucks in China was approximately 7,058 units in 2021, with water tank fire trucks remaining the primary vehicle type[33]. Governance and Compliance - The company’s financial statements received a standard unqualified audit report from Zhongxinghua Accounting Firm[3]. - The company has established a comprehensive governance structure and internal control system in accordance with relevant laws and regulations[155]. - The company maintained effective internal control over financial reporting as of December 31, 2021, according to the internal control audit report by Zhongxinghua Accounting Firm[154]. - The company has not reported any significant litigation or arbitration matters for the current year, indicating a stable legal standing[169]. Shareholder and Investor Relations - The total number of ordinary shareholders increased from 75,747 to 93,735 during the reporting period, indicating a growing investor interest[196]. - The controlling shareholder, Xi'an Aerospace Technology Industry Co., Ltd., holds 28.78% of the company's shares, with a total of 230,923,426 shares when considering both direct and indirect holdings[195]. - The company has not disclosed any strategic investors or general legal entities becoming top ten shareholders through new share placements[198]. - The company actively engages with investors through various communication channels to ensure transparency and informed decision-making[109].

Financial Performance - The company's operating revenue for Q3 2021 was ¥271,656,208.79, a decrease of 1.31% compared to the same period last year[7]. - The net profit attributable to shareholders for Q3 2021 was -¥72,970,603.05, representing a significant decline of 1,118.06% year-over-year[7]. - The basic earnings per share for Q3 2021 was -¥0.114337, a decrease of 1,118.08% compared to the same period last year[9]. - The weighted average return on equity for Q3 2021 was -3.44124%, a decrease of 3.7829 percentage points year-over-year[9]. - The net profit for the third quarter of 2021 decreased by 1,896.76%, primarily due to a significant increase in raw material prices and the shutdown of the hydraulic pump business, leading to a decline in gross profit margin[13]. - The net profit for the third quarter of 2021 was -79,526,327.68 RMB, compared to a profit of 4,426,103.03 RMB in the same period of 2020, indicating a significant decline[28]. - The total operating profit for the third quarter was -80,610,044.84 RMB, a decrease from -1,216,793.39 RMB year-over-year[28]. - The company's net profit for the first three quarters of 2021 was not explicitly stated, but the retained earnings decreased from CNY 266,681,558.31 to CNY 197,897,680.30, a decline of approximately 26.00%[23]. Assets and Liabilities - The total assets attributable to shareholders at the end of Q3 2021 were ¥3,856,555,913.19, a decrease of 1.84% from the end of the previous year[9]. - The total equity attributable to shareholders at the end of Q3 2021 was ¥2,083,990,762.42, a decrease of 3.05% from the previous year[9]. - The company's equity attributable to shareholders decreased from CNY 2,149,623,520.78 to CNY 2,083,990,762.42, a decline of about 3.06%[24]. - The total liabilities of the company were CNY 1,486,673,841.88, slightly up from CNY 1,483,761,152.95, showing a marginal increase of approximately 0.13%[23]. - As of September 30, 2021, total assets amounted to CNY 3,856,555,913.19, a decrease from CNY 3,928,938,074.88 at the end of 2020, reflecting a decline of approximately 1.83%[22]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥66,323,956.90, indicating negative cash flow[9]. - Cash flow from operating activities showed a net outflow of -66,323,956.90 RMB, compared to -232,885,222.18 RMB in the previous year, reflecting an improvement[29]. - The company reported cash inflows from investment activities of 101,748,000.00 RMB, while cash outflows were 240,669,488.47 RMB, resulting in a net cash outflow of -138,921,488.47 RMB[30]. - Financing activities generated cash inflows of 277,000,000.00 RMB, with cash outflows totaling 392,943,136.20 RMB, leading to a net cash outflow of -115,943,136.20 RMB[30]. - The company's cash and cash equivalents at the end of the period were 289,566,857.08 RMB, down from 610,755,438.65 RMB at the beginning of the period[30]. - The cash flow from financing activities showed a net outflow of 181.73 million RMB, primarily due to the repayment of bank loans[13]. Operational Challenges - The company reported a significant increase in raw material prices, leading to a decline in gross profit margin[11]. - The hydraulic segment of the business was shut down, contributing to increased costs and expenses for the company[11]. - The company plans to continue the orderly shutdown of the hydraulic pump business, with asset impairment testing and personnel placement schemes being implemented[19]. - The company experienced a credit impairment loss of -8,672,424.90 RMB during the reporting period[28]. - The company reported a 259.01% increase in credit impairment losses, attributed to a higher provision for bad debts compared to the previous year[13]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 77,518, with the largest shareholder, Xi'an Aerospace Technology Industry Co., Ltd., holding 28.78% of the shares[16]. Research and Development - Research and development expenditures increased by 118.52%, indicating a rise in investment in new product and technology development[13]. - Research and development expenses for the third quarter of 2021 were CNY 23,110,607.17, down from CNY 26,956,728.44 in the same quarter of 2020, indicating a decrease of about 14.00%[24].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥514,150,691.37, representing a 4.29% increase compared to ¥493,010,491.49 in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2021 was ¥4,186,725.04, a significant improvement from a loss of ¥5,785,470.22 in the previous year[20]. - The basic earnings per share increased to ¥0.006560 from a loss of ¥0.009065 in the same period last year[21]. - The weighted average return on net assets rose to 19.458% from -27.661% year-on-year, an increase of 47.119 percentage points[21]. - The net cash flow from operating activities improved by ¥108,086,452.73 compared to the previous year, indicating better cash collection[22]. - The total assets at the end of the reporting period were ¥3,794,428,848.22, down 3.42% from ¥3,928,938,074.88 at the end of the previous year[21]. - The net profit after deducting non-recurring gains and losses increased by ¥7,842,270.45, driven by higher operating revenue and changes in product sales structure[22]. - The company did not distribute profits or increase capital reserves during this reporting period[4]. - The company achieved a total non-operating income and expenses of ¥7,233,356.66 after accounting for minority interests and income tax effects[26]. - The company reported a net profit margin of approximately 10.5% for the first half of 2021[114]. Market and Industry Trends - The equipment manufacturing and high-tech manufacturing sectors saw a year-on-year increase of 22.8% and 22.6% respectively from January to June 2021, indicating strong industry growth[28]. - The sales volume of forklifts in China reached 560,000 units in the first half of 2021, representing a 67% year-on-year increase, with electric forklifts accounting for 56% of sales[33]. - The domestic engineering machinery market experienced a 26% year-on-year increase in loader sales, with 85,000 units sold in the first half of 2021[33]. - The automotive industry in China saw production and sales of 12.57 million and 12.89 million vehicles respectively in the first half of 2021, reflecting a growth of 24.2% and 25.6% year-on-year[34]. - The global trend of climate change is increasing the demand for water resource management, leading to more opportunities in the water conservancy sector[31]. - In the first half of 2021, natural gas production in China increased by 10.9%, and LNG imports rose by 27.8%, indicating strong market demand growth of 21.2%[35]. Strategic Focus and Innovation - The company is positioned as a qualified supplier of pump and pump system products for various industries, including firefighting and petrochemicals, with a focus on high-end product development[29]. - The company is focusing on technological innovation and market expansion in response to the increasing demand for high-efficiency and reliable electric motors[31]. - The company anticipates a shift towards digitalization, intelligence, and integration in the firefighting pump sector, driven by national policies promoting domestic equipment[30]. - The company achieved significant growth in orders for chemical pumps, securing multiple projects with Sinopec and local refineries during the reporting period[38]. - The company’s electric motor products reached the highest order level in the same historical period, reflecting strong market demand[38]. - The company’s strategic focus on high-end markets and continuous R&D investment has strengthened its competitive position amid intense market competition[35]. - The company plans to continue investing in research and development, as indicated by an 80.01% increase in development expenditures to ¥830.63 million from ¥461.44 million[51]. Financial Position and Cash Flow - The total liabilities decreased by 9.66% to ¥134,047.06 million from ¥148,376.12 million year-on-year[52]. - The company reported a significant increase in cash and cash equivalents, with a decrease of 60.75% in cash reserves to ¥24,818.30 million from ¥63,223.74 million[51]. - The company’s short-term borrowings decreased by 25.56% to ¥33,200.00 million from ¥44,600.00 million in the previous year[52]. - The company’s cash and cash equivalents as of June 30, 2021, were 248,182,950.93 RMB, down from 632,237,442.31 RMB at the end of 2020[106]. - The company reported a net cash flow from operating activities for the first half of 2021 was -132,389,223.91 RMB, an improvement from -240,475,676.64 RMB in the same period of 2020, indicating a 45% reduction in losses[123]. - The total cash inflow from operating activities decreased to 382,263,909.19 RMB in 2021 from 934,866,327.24 RMB in 2020, representing a decline of approximately 59%[123]. - Cash outflow from operating activities also decreased to 514,653,133.10 RMB in 2021 from 1,175,342,003.88 RMB in 2020, a reduction of about 56%[123]. Corporate Governance and Management - There were changes in senior management, with the appointment of Lu Zhenguo as Vice General Manager and Director[63]. - The company has established a comprehensive management system, enhancing its operational efficiency and cost control measures[43]. - The company has not disclosed any new major contracts or significant events during the reporting period[94]. - The company has a total of 6 subsidiaries included in its consolidated financial statements for the reporting period[150]. - The company’s ultimate controller is the China Aerospace Science and Technology Corporation[149]. Environmental and Social Responsibility - The company installed a photovoltaic power generation system with a capacity of 4.6 MWp, expected to generate an average annual output of 4.6682 million kWh, saving approximately 1,500 tons of standard coal and reducing carbon dioxide emissions by about 4,000 tons annually[70]. - The company invested a total of 217,500 yuan in poverty alleviation efforts through the "Aerospace Smart Garden" platform, promoting consumption-based poverty alleviation and economic development[71]. - The company has completed the registration of the "Pollutant Discharge Permit" in accordance with the new Environmental Protection Law, and all pollutant emissions have met the discharge standards as verified by third-party testing[67]. - The company constructed infrastructure for hazardous waste storage, improving temporary storage conditions and effectively controlling pollution to the external environment[68]. - The company has established 105 photovoltaic carports equipped with a certain number of new energy charging piles to facilitate electric vehicle charging for employees[69]. Risks and Challenges - The company faces risks related to investment completion and raw material price increases, which may impact profitability in the second half of the year[58]. - The company plans to enhance negotiation capabilities and expand procurement categories to mitigate the impact of rising material costs[58].