Financial Performance - Net profit attributable to shareholders was CNY -133,626, representing a decline of 136.4% year-on-year[6]. - Operating revenue for the first three quarters was CNY 3,670,401, down 37.0% compared to the same period last year[6]. - The company reported a loss of CNY 21 million in Q3 2020, an improvement from a loss of CNY 71 million in Q2 2020[7]. - Total operating revenue for Q3 2020 was RMB 1,423,330, a decrease of 29.1% compared to RMB 2,008,199 in Q3 2019[27]. - Net profit for Q3 2020 was a loss of RMB 20,997, compared to a profit of RMB 126,875 in Q3 2019, indicating a significant decline[27]. - The company reported a total profit of RMB -23,465 for Q3 2020, compared to RMB 162,935 in Q3 2019, marking a decrease of 114.4%[28]. - The total operating revenue for the first three quarters of 2020 was RMB 3,670,401, a decrease of 37.0% from RMB 5,823,858 in the same period of 2019[27]. - The company reported a net loss attributable to shareholders of RMB 22,860 for Q3 2020, compared to a profit of RMB 89,176 in Q3 2019[28]. - The company’s total comprehensive loss for the first three quarters of 2020 was RMB 95,406,000, compared to RMB 99,116,000 in the same period of 2019, showing a reduction of about 3.5%[32]. Cash Flow and Liquidity - The net cash flow from operating activities for the first three quarters was CNY -441,791, compared to CNY -1,915,180 in the same period last year[6]. - Cash and cash equivalents decreased by 78.2% to RMB 523,205 thousand due to net cash outflows from operating, investing, and financing activities[12]. - The net cash flow from operating activities for the first three quarters of 2020 was negative RMB 441,791,000, an improvement from negative RMB 1,915,180,000 in the same period of 2019[35]. - The total cash and cash equivalents at the end of Q3 2020 was 149,306 thousand RMB, down from 191,915 thousand RMB at the end of Q3 2019[36]. - The net cash flow from investing activities was -56,517 thousand RMB, with cash outflows for fixed asset purchases amounting to 73,186 thousand RMB[37]. - The net cash flow from financing activities was -382,269 thousand RMB, with cash inflows from borrowings totaling 1,514,335 thousand RMB[37]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 13,065,937, a decrease of 1.0% compared to the end of the previous year[6]. - Current assets totaled RMB 7,755,024 thousand, down from RMB 8,630,451 thousand year-over-year[21]. - Total liabilities rose to RMB 7,404,801 thousand, compared to RMB 6,872,172 thousand, indicating an increase of about 7.7%[22]. - The company's short-term borrowings decreased to RMB 1,452,143 thousand from RMB 2,241,300 thousand, a reduction of approximately 35.2%[22]. - Long-term borrowings increased significantly to RMB 1,280,000 thousand from RMB 450,000 thousand, marking a rise of approximately 184.4%[22]. - The total liabilities and equity combined remained stable at RMB 13,065,937 thousand, consistent with the previous period[22]. Shareholder Information - The number of shareholders at the end of the reporting period was 63,375[9]. - The largest shareholder, Jiangsu Jinsheng Industrial Co., Ltd., held 46.94% of the shares, with 839,273,511 shares pledged[9]. - The company repurchased 107,500,773 shares, accounting for 5.67% of total share capital, with a total payment of RMB 600,010 thousand[17]. Government Support and Challenges - The company received government subsidies amounting to CNY 4,666 for the first three quarters, which are closely related to its normal business operations[10]. - The company is currently facing challenges due to the pandemic, affecting production capacity and supply chains, leading to delayed order deliveries[7]. Comprehensive Income and Expenses - Other comprehensive income increased by 2,068.2% to RMB 83,064 thousand, mainly due to fluctuations in exchange rates[13]. - Financial expenses increased by 67.9% to RMB 166,988 thousand, mainly due to increased exchange losses and reduced interest income[14]. - Research and development expenses for the first three quarters of 2020 were RMB 290,242, down 16.0% from RMB 345,683 in the same period of 2019[27]. - The company’s interest expenses increased to RMB 28,035,000 for the first three quarters of 2020, compared to RMB 10,101,000 in the same period of 2019, indicating a rise of approximately 177.5%[35]. Equity and Reserves - The total equity attributable to shareholders decreased to RMB 4,397,332 thousand from RMB 4,942,804 thousand, a decline of about 11%[22]. - Unallocated profits stood at 107,568,000, showcasing retained earnings for future investments[42]. - Special reserves were reported at 1,447,000, indicating funds set aside for specific purposes[42]. - Surplus reserves totaled 205,662,000, demonstrating a solid foundation for future growth[42]. - Other comprehensive income was recorded at 1,534,000, contributing to overall financial health[42].

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 2,247,071,000, a decrease of 41.1% compared to CNY 3,815,659,000 in the same period last year[16]. - The net profit attributable to shareholders of the listed company was a loss of CNY 110,767,000, down 139.9% from a profit of CNY 277,942,000 in the previous year[16]. - The net cash flow from operating activities was a negative CNY 48,827,000, compared to a negative CNY 1,104,189,000 in the same period last year[16]. - Basic earnings per share for the first half of 2020 were -CNY 0.0590, a decrease of 140.2% compared to CNY 0.1466 in the same period last year[17]. - The weighted average return on net assets was -2.26%, a decrease of 8.12 percentage points from 5.86% in the previous year[17]. - The company reported a significant decrease in non-operating income, down 88.1% to CNY 3,096 from CNY 26,002 year-on-year[38]. - The net profit for the first half of 2020 was -121,800 thousand RMB, a significant decrease compared to a net profit of 352,138 thousand RMB in the same period of 2019, representing a decline of approximately 134.6%[100]. - The total profit for the first half of 2020 was -176,201 thousand RMB, compared to a profit of 380,518 thousand RMB in the first half of 2019, indicating a decline of about 146.3%[100]. - Operating profit for the first half of 2020 was -175,648 thousand RMB, down from 430,473 thousand RMB in the same period of 2019, reflecting a decrease of approximately 140.8%[100]. - Total comprehensive income for the first half of 2020 was -48,656 thousand RMB, compared to 423,900 thousand RMB in the same period of 2019, indicating a decline of approximately 111.5%[100]. Revenue Breakdown - The spinning division generated revenue of RMB 1.8 billion, down 45.4% year-on-year, with ring spinning revenue decreasing by 52.5%[30]. - The technology division reported revenue of RMB 403 million, a decline of 28.5%, with the doubling business revenue down by 30.4%[31]. - Revenue from the Chinese market fell by 43.4% due to the pandemic and trade uncertainties, while Turkey saw a revenue increase of 104.4%[29]. - The global textile industry experienced a significant downturn, with overall revenue declining by approximately 40% due to the pandemic and trade tensions[28]. Operational Challenges - The company experienced delays in order deliveries due to the impact of the pandemic, affecting both sales revenue and net profit[17]. - The company expects downstream demand to gradually recover as the pandemic situation improves[17]. - The company expects a certain decline in cumulative net profit compared to the previous year due to the impact of the COVID-19 pandemic on supply chains, production, and sales[49]. - The company faces risks related to economic slowdown, competition, and overseas operations, which may affect demand and operational stability[50][52]. Strategic Initiatives - The company plans to enhance its focus on natural textile machinery and increase digitalization and automation capabilities as part of its strategic priorities[32]. - The company aims to develop a closed-loop data service business to create smart factory solutions for the textile industry as a long-term strategic initiative[32]. - The company plans to establish a new Data and Services Division to enhance competitiveness and provide added value to customers[35]. - The company aims to leverage new technologies such as 5G, AI, IoT, big data, and cloud computing to develop its data and service business in the textile industry[36]. - The company plans to focus on new product development and market expansion strategies to improve future performance[99]. Financial Position - The total assets at the end of the reporting period were CNY 13,667,469,000, an increase of 3.5% from CNY 13,203,971,000 at the end of the previous year[16]. - The company's total liabilities amounted to CNY 7,415,540 thousand, up from CNY 6,872,172 thousand at the end of 2019, representing an increase of 7.9%[94]. - The company's cash and cash equivalents decreased to CNY 1,897,701 thousand as of June 30, 2020, down 21.0% from CNY 2,402,917 thousand at the end of 2019[94]. - The company's total owner's equity at the end of the reporting period is CNY 8,864,205, a decrease of CNY 95,969 compared to the previous period[112]. - The unallocated profits decreased to CNY 42,813, down from CNY 498,002 in the previous period, reflecting a decline of approximately 91.4%[114]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 64,934[80]. - Jiangsu Jinsheng Industrial Co., Ltd. holds 889,759,677 shares, accounting for 46.94% of total shares, with 721,247,974 shares pledged[82]. - Guokai Financial Co., Ltd. holds 80,725,850 shares, representing 4.26% of total shares, with no shares pledged[82]. - The company has a total of 168,511,703 unrestricted shares held by Jiangsu Jinsheng, indicating a significant portion of shares are under limited conditions[83]. Management and Governance - Zhuolang Intelligent held one extraordinary shareholders' meeting during the reporting period, with all proposed resolutions approved by shareholders[57]. - There are no profit distribution or capital reserve transfer plans proposed for the half-year period[58]. - The company committed to ensuring the independence of its management personnel, with senior executives exclusively working for the company and not holding positions in other controlled enterprises[62]. - The company guarantees the independence of its assets, ensuring that all assets are under its control and not misappropriated by controlling parties[62]. Compliance and Legal Matters - The company received a qualified audit report from PwC for the 2019 financial statements, with detailed explanations provided by the board and supervisory committee[65]. - There were no significant lawsuits or arbitration matters during the reporting period, indicating a stable legal environment for the company[67]. - The company has maintained good integrity status, with no significant debts or court judgments unfulfilled during the reporting period[67]. Accounting Policies - The company's financial statements are prepared based on the going concern principle, in accordance with the relevant accounting standards[127]. - Revenue is recognized when control of goods or services is transferred to the customer, based on the agreed terms in the sales contract[196]. - The group recognizes expected credit losses based on past events, current conditions, and forecasts of future economic conditions[149].

Financial Performance - In 2019, the company achieved total revenue of CNY 8.58 billion, a decrease of 6.9% compared to CNY 9.22 billion in 2018[6]. - The net profit attributable to shareholders was CNY 610 million, down 24.8% from CNY 810 million in 2018[6]. - The company's operating revenue for 2019 was CNY 8,575,309, a decrease of 7.0% compared to CNY 9,220,759 in 2018[30]. - The net profit attributable to shareholders for 2019 was CNY 608,934, down 24.9% from CNY 810,294 in 2018[30]. - The net cash flow from operating activities for 2019 was CNY -252,733, an improvement from CNY -1,042,763 in 2018[30]. - The total assets at the end of 2019 were CNY 13,203,971, a decrease of 8.4% from CNY 14,415,706 at the end of 2018[30]. - The basic earnings per share for 2019 was CNY 0.3218, down 24.7% from CNY 0.4275 in 2018[31]. - The weighted average return on equity for 2019 was 12.69%, a decrease of 17.89 percentage points from 30.58% in 2018[31]. - The company reported a significant improvement in cash flow in the fourth quarter of 2019, with a net cash flow from operating activities of CNY 1,662,447[34]. - The company achieved operating revenue of 8.58 billion, a year-on-year decrease of 7.0%[57]. - Net profit attributable to shareholders was 610 million, down 24.9% year-on-year[57]. Market and Sales Performance - Sales revenue in Asia, including China and India, grew by 4.6%, with China, the largest market, increasing by 17%[6]. - The technology segment saw a market contraction of 29.3%, while the spinning segment, which accounts for 85% of revenue, remained relatively stable[6]. - The company’s revenue in Turkey and India decreased by 67.4% and 32.7% respectively, while revenue in China grew by 16.9%[51]. - The textile industry faced significant profit pressure in 2019 due to global economic conditions and trade tensions, impacting the company’s performance[41]. - The textile industry faced significant profit pressure, with over 35,000 textile enterprises generating total revenue of 4.94364 trillion yuan, a year-on-year decrease of 1.5%[50]. - The company signed new product contracts and orders worth over 200 million euros at the ITMA exhibition, which will contribute to performance in the second half of 2019 and 2020[52]. Innovation and Product Development - The company launched several innovative products at the Barcelona International Textile Machinery Exhibition, including the Autocard cotton carding machine and the Autoairo air spinning machine[5]. - The company introduced the Autolab series of laboratory equipment and the world's first sensor capable of measuring tension and monitoring twisting machines[5]. - The company emphasizes innovation and customer-centric solutions as key strategies for future growth and market leadership in the textile industry[7]. - The launch of the Autoairo fully automatic air spinning machine is expected to significantly reduce construction and electricity costs by saving 40% of space compared to traditional machines, marking a new profit growth point for the company[44]. - The AutoBD semi-automatic spinning machine features a modular design that allows for flexible upgrades to meet varying customer automation needs[1]. - The third-generation Autocoro fully automatic spinning machine has improved joint capability by 50% compared to the previous generation, further expanding its performance advantage[1]. - The new Autoconer fully automatic winding machine is equipped with MultiLink technology, saving approximately 20% energy compared to the previous model[1]. - The Senses data platform was developed to enhance operational transparency and efficiency in spinning mills, allowing for better resource allocation and management[55]. Financial Strategy and Stability - The company plans to enhance financial stability and risk resistance by not distributing profits or increasing share capital due to economic pressures from the COVID-19 pandemic[13]. - The company has maintained a cash distribution policy, with cumulative cash distributions over the past three years amounting to CNY 557.38 million, representing 80.49% of the average distributable profit[14]. - The company plans to focus on new product development and market expansion strategies in the upcoming fiscal year[30]. - The company will not distribute profits or increase share capital for the 2019 fiscal year due to economic pressures from the COVID-19 pandemic, focusing on maintaining financial stability[98]. - The retained undistributed profits will be used to supplement working capital for daily operations, ensuring stable development and normal operations[103]. - The company emphasizes the importance of maintaining financial stability and risk resistance to safeguard future operational funding needs[103]. Research and Development - The company has over 500 R&D personnel and has successfully registered more than 1,100 patents, highlighting its strong innovation capabilities[44]. - The company’s R&D investment accounted for 6.70% of operating revenue, with a total R&D expenditure of 574.6 million[70]. - The company plans to continue increasing investment in R&D to enhance its core competitiveness[71]. - The company is investing $10 million in R&D for advanced textile machinery, aiming to improve efficiency by 15%[156]. Corporate Governance and Compliance - The company has maintained a good integrity status during the reporting period, with no significant debts that were overdue and unpaid[115]. - The company has implemented measures to protect employee rights and promote workplace equality[127]. - The company strictly adheres to corporate governance regulations, ensuring transparency and protecting the rights of minority shareholders[167]. - The company has not faced any penalties from securities regulatory authorities in the past three years[161]. - The company has established a performance evaluation mechanism for senior management based on the completion of annual business plans and personal work objectives[172]. Social Responsibility and Environmental Initiatives - The company donated 500 million RMB to support medical institutions in Jiangsu Province during the COVID-19 pandemic[129]. - The company actively promotes paperless office practices and encourages employees to recycle[130]. - The company’s environmental initiatives aim to provide products with lower energy consumption and resource costs[130]. - The company’s important subsidiaries have passed the ISO14001:2004 environmental management system certification[130]. Employee and Management Information - The total number of employees in the parent company and major subsidiaries is 4,959, with 2,240 in production roles and 501 in R&D roles[162]. - The company provides competitive salary and benefits policies, including annual performance bonuses based on employee performance and company results[163]. - The company has established a pension plan for employees in Europe, in addition to statutory pensions, to enhance long-term employee incentives[163]. - The management team remains stable, with key executives holding long-term positions since 2000, ensuring continuity in leadership[153]. Related Party Transactions and Internal Controls - The company reported a total of RMB 2,591,960 thousand in transactions with related parties during the year, including RMB 2,211,960 thousand in payments and receipts[180]. - The company engaged PwC to audit the effectiveness of its internal control over financial reporting, which resulted in a negative opinion[175]. - The company reported a significant internal control deficiency related to insufficient supporting documents for transactions with related parties, which has been rectified as of the report date[174]. - The audit committee oversees the financial reporting process of the company, ensuring compliance with accounting standards[194].

Financial Performance - In 2019, the company achieved total revenue of CNY 8.58 billion, a decrease of 6.9% compared to CNY 9.22 billion in 2018[6]. - The net profit attributable to shareholders was CNY 610 million, down 24.8% from CNY 810 million in 2018[6]. - The company's operating revenue for 2019 was CNY 8,575,309, a decrease of 7.0% compared to CNY 9,220,759 in 2018[30]. - The net profit attributable to shareholders for 2019 was CNY 608,934, down 24.9% from CNY 810,294 in 2018[30]. - The net cash flow from operating activities for 2019 was CNY -252,733, an improvement from CNY -1,042,763 in 2018[30]. - The total assets at the end of 2019 were CNY 13,203,971, a decrease of 8.4% from CNY 14,415,706 at the end of 2018[30]. - The basic earnings per share for 2019 was CNY 0.3218, down 24.7% from CNY 0.4275 in 2018[31]. - The weighted average return on equity for 2019 was 12.69%, a decrease of 17.89 percentage points from 30.58% in 2018[31]. - The company reported a quarterly revenue of CNY 2,751,451 in Q4 2019, which was the highest among the four quarters[34]. - The net profit attributable to shareholders in Q4 2019 was CNY 241,816, showing a significant recovery compared to previous quarters[34]. Market and Sales Performance - Sales revenue in Asia, including China and India, grew by 4.6%, with China, the largest market, increasing by 17%[6]. - The spinning division reported revenue of 7.303 billion CNY, a decrease of 1.6% year-on-year[53]. - The technology division's revenue was 1.327 billion CNY, down 29.3%, primarily due to significant losses in the embroidery business[54]. - The company’s revenue in Turkey and India decreased by 67.4% and 32.7% respectively, while revenue in China grew by 16.9%[51]. - The company signed new product contracts and orders worth over 200 million euros at the ITMA exhibition, which will contribute to performance in the second half of 2019 and 2020[52]. Innovation and Product Development - The company launched several innovative products at the Barcelona International Textile Machinery Exhibition, including the Autocard cotton carding machine and the Autoairo air spinning machine[5]. - The company introduced the Autolab series of laboratory equipment and the world's first sensor capable of measuring tension and monitoring twisting machines[5]. - The company launched the Autoairo fully automatic air spinning machine, which can connect 24 spindles simultaneously, doubling the connection capacity of traditional machines and reducing space by 40%[44]. - The company established the Senses data platform to enhance operational efficiency and transparency in spinning mills[55]. - The company plans to focus on new product development and market expansion strategies in the upcoming fiscal year[30]. Financial Strategy and Stability - The company plans to enhance its financial stability and risk resistance by not distributing profits or increasing share capital in light of the economic pressures from the COVID-19 pandemic[13]. - The total amount spent on share repurchases in 2019 was CNY 108.93 million, accounting for 17.89% of the distributable profit for the year[13]. - The company achieved a performance commitment completion rate of 107.85% for the years 2017 to 2019, with net profit exceeding the promised amount[51]. - The company plans to continue increasing R&D investment to enhance core competitiveness[71]. - The company aims to increase its parts sales and service revenue, which is expected to enhance customer loyalty and has a relatively high gross margin[90]. Corporate Governance and Compliance - The company has established an independent financial accounting department and a separate financial management system[106]. - The company strictly adheres to corporate governance regulations, ensuring compliance with laws and protecting the rights of minority shareholders[167]. - The company has maintained a good integrity status during the reporting period, with no significant debts or court judgments outstanding[114]. - The company has not faced any penalties from securities regulatory agencies in the past three years[161]. - The company has implemented measures to enhance employee rights and promote workplace equality[127]. Social Responsibility and Sustainability - The company donated 5 million RMB to support medical institutions in Jiangsu Province during the COVID-19 pandemic[129]. - The company implemented the E³+I concept in product development, focusing on energy efficiency, economic efficiency, ergonomics, and intelligence to reduce energy consumption[130]. - The company actively promotes paperless office practices and encourages employees to recycle[130]. - The company participated in various social welfare activities, including book donations and care for the elderly[129]. - The management team has emphasized the importance of sustainability, aiming for a 40% reduction in carbon emissions by 2025[154]. Employee and Management Structure - The total number of employees in the parent company and major subsidiaries is 4,959, with 2,240 in production roles and 501 in research and development[162]. - The company has established a competitive compensation and benefits policy, providing annual performance bonuses based on employee performance and company results[163]. - The company has implemented a training system to help employees acquire new skills and knowledge, including on-the-job training and participation in industry training[164]. - The company’s board consists of experienced professionals from various industries, enhancing its strategic decision-making capabilities[152]. - The company has a diverse board with members holding significant positions in other organizations, which may provide valuable insights and networking opportunities[152]. Related Party Transactions - The company reported a total of RMB 2,591.96 million in transactions with related parties during the year, including RMB 2,211.96 million in payments and receipts related to equipment sales[180]. - The company agreed to refund RMB 936.66 million to Xinjiang Litai Silk Road Investment Co., Ltd. and RMB 34 million to Kuitun Litai Silk Road Investment Co., Ltd. for equipment procurement payments[180]. - The company maintained effective internal control over financial reporting, as confirmed by PwC's audit report[175]. - The company identified one significant internal control deficiency related to insufficient supporting documents for transactions with related parties[174]. - The company recognized revenue from sales to related parties without fixed payment terms, leading to audit concerns regarding the nature of these transactions[183].

证券代码：600545 证券简称：卓郎智能 公告编号：临2020-026 卓郎智能技术股份有限公司 关于参加 2020 年新疆辖区 上市公司投资者网上集体接待日活动的公告 本公司及董事会全体成员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。 为便于广大投资者更深入全面地了解公司情况、发展战略、经营状况、融资 计划、股权激励、可持续发展等投资者所关心的问题，卓郎智能技术股份有限公 司（以下简称公司）定于 2020 年 6 月 24 日下午 15:00-17:30 参加由新疆上市公 司协会联合深圳市全景网络有限公司组织开展的 2020 年新疆辖区上市公司投资 者网上集体接待日活动。现将有关事项公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台，采取网 络远程的方式举行，投资者可以登录"全景·路演天下"网站 （http://rs.p5w.net/）或关注微信公众号：全景财经（微信号：p5w2012），参 与公司本次投资者集体接待日活动，活动时间为 2020 年 6 月 24 日（星期三） 15:00 至 17:30。 出席本次集 ...

Financial Performance - Operating revenue decreased by 31.5% to CNY 1,162,953 thousand year-on-year[5] - Net profit attributable to shareholders decreased by 134.9% to CNY -48,170 thousand compared to the same period last year[5] - The net cash flow from operating activities was CNY -1,243,307 thousand, showing a significant decline from CNY -830,342 thousand in the previous year[5] - Basic and diluted earnings per share were both CNY -0.0256, a decrease of 135.1% compared to the previous year[5] - Operating revenue declined by 31.5% to CNY 1,162,953 thousand, impacted by insufficient production rates due to the pandemic[9] - Operating costs fell by 31.7% to CNY 815,113 thousand, in line with the decrease in sales revenue[9] - Net profit for Q1 2020 was a loss of CNY 51,018 thousand, compared to a profit of CNY 175,551 thousand in Q1 2019, representing a significant decline[18] - The company reported a gross margin of approximately -3.2% in Q1 2020, compared to a gross margin of 10.5% in Q1 2019[18] - In Q1 2020, the company reported a net loss of CNY 36,274,000, compared to a net loss of CNY 17,705,000 in Q1 2019, representing a 105.5% increase in losses year-over-year[22] Assets and Liabilities - Total assets increased by 3.3% to CNY 13,644,840 thousand compared to the end of the previous year[5] - The company’s total assets as of March 31, 2020, were CNY 10,553,129 thousand, down from CNY 10,910,672 thousand at the end of 2019[16] - Total liabilities as of March 31, 2020, were CNY 7,377,119 thousand, an increase of 7.4% from CNY 6,872,172 thousand at the end of 2019[16] - The company’s total liabilities stood at CNY 6,872,172,000 as of the end of Q1 2020, remaining stable compared to the previous year[27] - Current liabilities totaled CNY 1,945,938 thousand, with short-term borrowings at CNY 741,734 thousand[31] - Non-current liabilities were reported at CNY 4,560 thousand[31] Shareholder Information - The total number of shareholders at the end of the reporting period was 67,181[6] - The largest shareholder, Jiangsu Jinsheng Industrial Co., Ltd., held 46.94% of the shares, with 889,759,677 shares pledged[6] - Total equity attributable to shareholders reached CNY 4,944,110 thousand as of March 31, 2020[28] Cash Flow and Financing - Cash and cash equivalents decreased by 49.6% to CNY 1,211,931 thousand due to net cash outflow from operating activities[9] - Operating cash flow for Q1 2020 was negative CNY 1,243,307,000, worsening from negative CNY 830,342,000 in Q1 2019, indicating a decline of 49.8% in cash flow performance[24] - The company raised CNY 1,321,194,000 through borrowings in Q1 2020, significantly higher than CNY 574,571,000 in Q1 2019, reflecting a 130% increase in financing activities[24] Other Financial Metrics - The weighted average return on net assets decreased by 3.92 percentage points to -0.98%[5] - Financial expenses increased significantly, resulting in a net expense of CNY 78,294 thousand, mainly due to exchange rate fluctuations[10] - Other comprehensive income surged by 317.1% to CNY 17,529 thousand, mainly due to exchange rate fluctuations[9] - Research and development expenses increased to CNY 107,522 thousand in Q1 2020, up 8.5% from CNY 99,398 thousand in Q1 2019[18] - The company incurred total operating expenses of CNY 1,692,579,000 in Q1 2020, an increase of 18.9% compared to CNY 1,422,940,000 in Q1 2019[24] Impact of COVID-19 - The company faced delays in order deliveries due to the impact of the pandemic on domestic and overseas factory capacities and supply chains[5] - The company expects a significant decline in cumulative net profit compared to the previous year due to the impact of the COVID-19 pandemic[10]

Financial Performance - Operating revenue for the first nine months decreased by 13.1% year-on-year to CNY 5,823,858 thousand[6]. - Net profit attributable to shareholders decreased by 31.6% to CNY 367,118 thousand[6]. - Basic and diluted earnings per share decreased by 31.55% to CNY 0.1937[6]. - The net profit excluding non-recurring gains and losses decreased by 11% after adjusting for minority interests[8]. - The company experienced a 139% increase in minority shareholders' profit compared to the same period last year, impacting the net profit attributable to shareholders[8]. - Total operating revenue for Q3 2019 was CNY 2,008,199, a decrease of 3.2% compared to CNY 2,075,965 in Q3 2018[31]. - Net profit attributable to shareholders for Q3 2019 was CNY 89,176, a decline of 48.5% from CNY 173,276 in Q3 2018[33]. - The company reported a total profit of CNY 162,935 for Q3 2019, a decrease of 8.4% from CNY 177,918 in Q3 2018[31]. - The company reported a net profit of -41,934 thousand RMB for Q3 2019, compared to -20,712 thousand RMB in Q3 2018, indicating a decline of approximately 102.5% year-over-year[36]. Cash Flow and Liquidity - Cash flow from operating activities showed a net outflow of CNY 1,915,180 thousand, compared to a net outflow of CNY 1,790,048 thousand in the same period last year[6]. - The net cash outflow from operating activities increased, primarily due to a decrease in cash received from sales of goods and services[20]. - The company incurred total cash outflows from operating activities of 5,851,591 thousand RMB in the first nine months of 2019, compared to 6,568,302 thousand RMB in the same period of 2018, showing a reduction of about 10.9%[38]. - The company reported a net cash outflow from financing activities of -2,344,609 thousand RMB in the first nine months of 2019, compared to -3,793,534 thousand RMB in the same period of 2018, reflecting an improvement of about 38.3%[38]. - The ending cash and cash equivalents balance was 191,915 thousand RMB as of September 30, 2019, compared to 117,346 thousand RMB at the end of Q3 2018, representing an increase of approximately 63.3%[38]. - The company paid 3,107,409 thousand RMB in cash for debt repayment in the first nine months of 2019, significantly higher than 594,007 thousand RMB in the same period of 2018, indicating a substantial increase of about 423%[38]. Assets and Liabilities - Total assets decreased by 12.6% to CNY 12,596,723 thousand compared to the end of the previous year[6]. - Current assets totaled RMB 8,473,682 thousand, down from RMB 10,526,291 thousand in the previous year, indicating a decrease of about 19.7%[25]. - Total liabilities decreased to RMB 6,466,078 thousand from RMB 8,427,931 thousand, marking a reduction of around 23.2%[26]. - The company's equity attributable to shareholders increased to RMB 4,799,823 thousand from RMB 4,653,156 thousand, showing a growth of approximately 3.1%[26]. - Long-term borrowings decreased to RMB 957,892 thousand from RMB 2,552,138 thousand, a reduction of approximately 62.4%[26]. - Total current liabilities totaled 5,315,587 thousand RMB, with short-term borrowings at 1,499,334 thousand RMB[43]. Research and Development - Development expenditures rose by 90.7% to CNY 172,420,000, driven by ongoing investment in research and development projects[15]. - R&D expenses for Q3 2019 increased to CNY 115,743, up 12.2% from CNY 103,230 in Q3 2018[31]. - The company plans to continue investing in R&D to enhance product offerings and market competitiveness[31]. Shareholder Information - The company’s major shareholder, Jiangsu Jinsheng Industrial Co., Ltd., holds 46.94% of the shares, with a significant portion pledged[12][13]. - The company repurchased 7,697,708 shares, accounting for 0.41% of the total share capital, with a buyback price not exceeding CNY 9.59 per share[21]. - The company plans to use repurchased shares primarily for equity incentives, with at least 70% allocated for this purpose[21]. Tax and Non-Recurring Items - The company reported a significant decrease in tax expenses by 59.5% to CNY 64,440,000, mainly due to a reduction in taxes related to dividends[18]. - The company reported a decrease in non-operating income, with total non-recurring gains and losses amounting to a net loss of CNY 4,343 thousand for the period[10].

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 3,815,659, a decrease of 17.5% compared to CNY 4,627,086 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was CNY 277,942, down 23.4% from CNY 363,066 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was CNY 296,177, a decrease of 15.1% compared to CNY 348,973 in the same period last year[18]. - The weighted average return on net assets decreased by 9.36 percentage points to 5.86% from 15.22% in the previous year[18]. - The basic earnings per share for the first half of 2019 was CNY 0.1466, down 23.4% from CNY 0.1915 in the same period last year[18]. - The company reported a 5.5% decline in net profit after excluding the impact of minority shareholder profits, indicating underlying performance challenges[18]. - The company reported a net profit for the first half of 2019 of CNY 352,138, down 37.5% from CNY 563,822 in the same period of 2018[109]. - The total comprehensive income attributable to the parent company's owners was 335,817 thousand RMB, a decline of 5.7% from 356,269 thousand RMB in the previous year[110]. Revenue Breakdown - The spinning division generated revenue of 3.285 billion RMB, while the technology division contributed 530 million RMB[32]. - Revenue from China decreased by 10.8% to 2.172 billion RMB, while revenue from India fell by 19.4% to 283 million RMB[33]. - Revenue from Turkey saw a significant decline of 73.4%, dropping to 113 million RMB[33]. - Other Asian regions experienced a revenue increase of 14.9%, with Turkmenistan growing by 413% and Pakistan by 226%[33]. - Sales revenue in Central Asian countries such as Uzbekistan, Pakistan, and Turkmenistan increased by 46%, 226%, and 413% year-on-year, respectively[37]. Cash Flow and Assets - The net cash flow from operating activities was CNY -1,104,189, compared to CNY -1,889,411 in the same period last year[18]. - Cash and cash equivalents decreased by 53.4% to 1,734,784 thousand RMB, primarily due to the repayment of long-term loans[45]. - Accounts receivable increased by 35.9% to 4,396,179 thousand RMB, mainly due to slower collection from certain customers[45]. - Long-term receivables increased by 45.3% to 62,413 thousand RMB, attributed to credit terms extended to some overseas clients[45]. - The total assets at the end of the reporting period were CNY 12,617,666, a decrease of 12.5% from CNY 14,415,706 at the end of the previous year[18]. Research and Development - The company has established R&D centers in China, Germany, and Switzerland, focusing on both fundamental and customized research[25]. - The company’s R&D expenses increased by 14.6% to ¥229,940,000 compared to the previous year[41]. - The company launched several innovative products at the ITMA exhibition in June 2019, gaining recognition from industry clients[29]. Market and Industry Challenges - The textile industry faced challenges due to ongoing trade tensions and a slowdown in global economic growth, impacting investment confidence[28]. - The company faced economic risks due to potential demand fluctuations from a slowing economy, which could impact consumer purchasing power[57]. - The company operates in 13 countries, exposing it to overseas business operation risks, including management challenges due to cultural differences and political risks[59]. Corporate Governance and Compliance - The company held one annual general meeting and two extraordinary general meetings during the reporting period, with all proposed resolutions approved by shareholders[63]. - The controlling shareholder, Jinsheng Industrial, and actual controller, Pan Xueping, committed to ensuring the independence of the listed company's personnel, financials, and operations[68]. - The company will comply with regulations regarding related party transactions and external guarantees, ensuring no violation of the rights of the listed company and its shareholders[68]. - The company has maintained a good integrity status during the reporting period, with no significant debts or court judgments outstanding[74]. Shareholder Information - The largest shareholder, Jiangsu Jinsheng Industrial Co., Ltd., holds 889,759,677 shares, representing 46.94% of total shares, with 721,247,974 shares pledged[90]. - The total number of ordinary shareholders at the end of the reporting period is 70,819[87]. - The top ten shareholders collectively hold 1,066,000,000 shares, representing a significant portion of the company's equity[90]. Financial Audit and Legal Matters - The company has appointed PwC Zhongtian as the financial audit and internal control audit institution for the year 2019, with a one-year term[72]. - There are ongoing significant lawsuits involving the company, including disputes with Shandong Ruyi Technology Group and others, which are currently being processed by the courts[72]. Accounting Policies and Financial Instruments - The company’s accounting policies include methods for recognizing revenue, inventory valuation, and depreciation of fixed assets[141]. - Financial liabilities are primarily measured at amortized cost, including notes payable, accounts payable, and borrowings, with initial measurement at fair value less transaction costs[166]. - The company recognizes fixed assets when economic benefits are likely to flow and costs can be reliably measured[183].

证券代码：600545 证券简称：卓郎智能 公告编号：临2019-039 卓郎智能技术股份有限公司 关于参加 2019 年新疆辖区 上市公司投资者集体接待日活动的公告 本公司及董事会全体成员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。 为便于广大投资者更深入全面地了解公司情况、发展战略、经营状况、融资 计划、股权激励、可持续发展等投资者所关心的问题，卓郎智能技术股份有限公 司（以下简称公司）定于 2019 年 7 月 26 日下午 15:00-17:30 参加由新疆上市公 司协会联合深圳市全景网络有限公司组织开展的 2019 年新疆辖区上市公司投资 者集体接待日活动。现将有关事项公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台，采取网 络 远 程 的 方 式 举 行 ， 投 资 者 可 以 登 录 " 全 景 · 路 演 天 下 " 网 站 （http://rs.p5w.net/）或关注微信公众号：全景财经（微信号：p5w2012），参 与公司本次投资者集体接待日活动，活动时间为 2019 年 7 月 26 日（星期五 ...

卓郎智能技术股份有限公司 2019 年 7 月 10 日机构调研记录 卓郎智能技术股份有限公司（以下简称公司）于 2019 年 7 月 10 日接受了相 关机构投资者对公司新疆工厂的现场调研，公司董事长潘雪平先生、首席运营官 管烨先生、财务总监陆益民女士和董事会秘书曾正平先生接待了机构人员，本次 机构调研的相关情况如下： 一、机构调研的情况 调研时间：2019 年 7 月 10 日下午 16:00 调研形式：公司现场接待 调研机构：东吴证券、博时基金、民生加银、益民基金、华夏基金、新华基 金、紫金信托（排名不分先后） 公司接待人员：董事长潘雪平、首席运营官管烨、财务总监陆益民、董事会 秘书曾正平 二、交流环节主要问题及公司回复概要 1.公司现金流情况一直不太理想，何时能够转正？一季度营收和利润都是下 滑的，请问是什么原因？从全年的角度来看利润和收入增速情况如何？ 公司主要向客户销售定制化自动化纺纱机械设备，由于产品造价相对较高且 生产周期较长，通常会要求客户交保证金或提供信用证，在机器完成交付前后， 要求客户在商定的信用期内支付余下款项。因此针对尚未交付的机器设备，公司 账面会存在一定比例的预收账款，而针对已 ...