证券代码：600558 证券简称：大西洋 公告编号：临 2023-26 号 四川大西洋焊接材料股份有限公司 关于为控股子公司提供担保的公告 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、担保情况概述 2023 年度公司预计为山东大西洋提供担保额度为人民币 1,000 万 元，本次公司为山东大西洋提供担保额度为人民币 1,000 万元；截至 本公告日，公司已实际为其提供的担保余额为人民币 0 万元。公司为 山东大西洋提供担保的额度在公司年度担保额度预计范围内，无需另 行召开董事会、股东大会审议。 二、被担保人基本情况 被担保人名称：山东大西洋焊接材料有限公司 （一）担保基本情况 为满足公司控股子公司山东大西洋日常经营活动对资金的需求， 公司于2023 年 8 月18 日与中国银行股份有限公司德州分行签订了《最 高额保证合同》，为控股子公司——山东大西洋向中国银行股份有限 公司德州分行申请的人民币 1,000 万元（大写：壹仟万元整）综合授 1 被担保人名称：山东大西洋焊接材料有限责任公司（以下简称"山 东大 ...

证券代码：600558 证券简称：大西洋 公告编号：临 2023-25 号 四川大西洋焊接材料股份有限公司 关于为控股子公司提供担保的公告 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、担保情况概述 （一）担保基本情况 为满足公司控股子公司上海大西洋日常经营活动对资金的需求， 公司于2023 年 8 月15 日向招商银行股份有限公司上海分行出具了《最 高额不可撤销担保书》，为控股子公司——上海大西洋向招商银行股份 有限公司上海分行申请的人民币 4,000 万元（大写：肆仟万元整）综 1 被担保人名称：上海大西洋焊接材料有限责任公司（以下简称"上 海大西洋"），上海大西洋系四川大西洋焊接材料股份有限公司（以 下简称"公司"、"本公司"、"大西洋"）控股子公司 本次担保金额及已实际为其提供的担保余额：公司本次为上海大西 洋提供担保金额为人民币 4,000 万元；截至本公告日，公司已实际 为其提供的担保余额为人民币 6,000 万元 本次是否有反担保：无 对外担保逾期的累计数量：无 合授信额度提供连带责任保证， ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥891,509,183.37, a decrease of 0.52% compared to the same period last year[7] - Net profit attributable to shareholders was ¥26,557,544.97, representing an increase of 37.44% year-on-year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥26,498,861.08, up 42.61% from the previous year[7] - Basic and diluted earnings per share were both ¥0.0296, reflecting a growth of 37.67%[7] - Total operating revenue for Q1 2023 was CNY 891,509,183.37, a slight decrease of 0.7% compared to CNY 896,131,656.42 in Q1 2022[22] - Net profit for Q1 2023 increased to CNY 31,797,195.73, up 33.5% from CNY 23,816,391.67 in Q1 2022[22] - Earnings per share (EPS) for Q1 2023 was CNY 0.0296, compared to CNY 0.0215 in Q1 2022, representing a growth of 37.7%[24] Assets and Equity - Total assets at the end of Q1 2023 were ¥3,171,065,334.77, a 1.02% increase from the end of the previous year[7] - The company's total equity attributable to shareholders was ¥2,205,557,755.78, up 1.19% from the end of the previous year[9] - The total assets of the company as of Q1 2023 were CNY 3,171,065,334.77, a slight increase from CNY 3,139,165,501.21 in Q1 2022[20] - The equity attributable to shareholders of the parent company increased to CNY 2,205,557,755.78 from CNY 2,179,562,567.28, reflecting a growth of 1.2%[20] Cash Flow - The net cash flow from operating activities was negative at -¥60,367,674.04, a decrease of 2.23% compared to the same period last year[7] - Cash flow from operating activities showed a net outflow of CNY -60,367,674.04, slightly worse than the outflow of CNY -59,048,093.89 in the same period last year[27] - The net cash flow from financing activities was -$18,336,102.43, a decrease compared to $8,752,579.17 in the previous period[29] - Cash and cash equivalents at the end of the period totaled $255,967,852.80, down from $236,072,940.86 year-over-year[29] - The total cash inflow from financing activities was $45,557,131.19, while the total cash outflow was $63,893,233.62[29] - The company repaid debts amounting to $61,463,147.86 during the period[29] - The cash flow from financing activities showed a significant decrease compared to the previous year, indicating potential challenges in capital management[29] Expenses and R&D - Total operating costs decreased to CNY 855,342,404.33 from CNY 869,141,182.90, reflecting a reduction of approximately 1.6%[22] - Research and development expenses increased to CNY 17,436,365.84, up 58.5% from CNY 11,016,838.84 in Q1 2022, indicating a focus on innovation[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 34,893[12] Non-Recurring Items - The company reported a non-recurring gain of ¥58,683.89 for the period, primarily from government subsidies[10] Other Financial Information - The weighted average return on equity increased by 0.31 percentage points to 1.21%[7] - The total liabilities remained stable at CNY 772,492,535.28, compared to CNY 771,265,184.51 in the previous year[20] - The company distributed dividends and interest payments totaling $1,769,515.95 during the period[29] - The company did not apply new accounting standards or interpretations for the current year[29]

Financial Performance - In 2022, the company's operating revenue was approximately CNY 3.34 billion, a decrease of 3.05% compared to CNY 3.44 billion in 2021[26]. - The net profit attributable to shareholders was CNY 68.44 million, down 11.57% from CNY 77.40 million in 2021[26]. - The basic earnings per share decreased by 11.60% to CNY 0.0762 from CNY 0.0862 in the previous year[26]. - The total revenue for the main business was CNY 3,316,923,567.57, a decrease of 3.15% compared to the previous year, with a gross margin of 10.42%, down by 0.98 percentage points[73]. - Domestic sales accounted for CNY 3,049,360,650.25, reflecting a decline of 3.51% year-over-year, while international sales increased by 1.12% to CNY 267,562,917.32, with a gross margin of 11.57%, up by 1.90 percentage points[73]. - The operating profit was CNY 80,937,600, a year-on-year decrease of 25.62%, mainly due to reduced gross profit[67]. - The company maintained a low debt-to-asset ratio, ensuring a relatively ample capital position and good credit relationships with banks[65]. - The company’s total assets reached 28,729.81 million RMB, with net assets of 11,508.15 million RMB as of the reporting period[114]. Production and Sales - The company achieved a production volume of 440,700 tons, an increase of 7.06% compared to 411,600 tons in 2021[37]. - The sales volume was 456,000 tons, down 4.57% from 477,800 tons in 2021[37]. - The company produced 440,592.99 tons of welding materials, with a sales volume of 455,970.22 tons, indicating a decrease in sales volume by 4.58% year-over-year[74]. - The company plans to achieve a total production of 478,400 tons and total sales of 485,900 tons in 2023, with a sales revenue target of 3.5 billion yuan and a profit of 86.5 million yuan[125]. Research and Development - The company completed 93 technology projects and developed 33 new products during the reporting period, with 12 new patents granted and 8 new patent applications submitted[43]. - Research and development expenses increased by 48.52% to CNY 65,765,660.25, reflecting a focus on innovation[68]. - Total R&D investment reached CNY 213,189,184.71, representing 6.38% of total revenue, with 69.15% of the R&D costs capitalized[82]. - The company holds 105 valid patents, including 91 invention patents, showcasing its strong R&D capabilities[61]. - The company is committed to continuous technological innovation and product development, particularly in high-end welding materials, to maintain market competitiveness[129]. Market Strategy - The company plans to enhance market expansion efforts, focusing on key sectors such as highways, railways, and petrochemicals[40]. - The company is focusing on high-end welding materials to meet domestic demand, leveraging the opportunity for import substitution due to international market changes[43]. - The company is actively expanding its production capabilities, with three production lines already in operation and one in trial production[106]. - The company plans to adjust its product structure to focus on high-performance welding materials, responding to the demand for automation and intelligent welding solutions[117]. - The company emphasizes the importance of a robust marketing network and strong relationships with distributors to stabilize its market presence and sales[119]. Governance and Compliance - The company is committed to ensuring the authenticity, accuracy, and completeness of the annual report[4]. - The company has established a fair and transparent performance evaluation and incentive mechanism for senior management, linking annual compensation to performance evaluations[137]. - The company has disclosed a total of 36 periodic reports and temporary announcements during the reporting period, ensuring compliance with information disclosure regulations[138]. - The company emphasizes the importance of internal control management, having revised and improved 46 systems across nine areas, enhancing operational management and risk prevention capabilities[139]. - The independent directors actively fulfill their duties in governance, internal control, and financial supervision, ensuring objective and fair judgments[135]. Environmental Responsibility - The company invested approximately 6.8 million yuan in environmental protection during the reporting period[190]. - The company maintained compliance with national and local discharge standards for all pollutants, with specific measurements provided for various pollutants in wastewater[198]. - The company is committed to maintaining environmental compliance and sustainability practices[200]. - The company has implemented an online monitoring system for wastewater[200]. - The hazardous waste transfer volume was 186.86 tons[200]. Employee Management - The total number of employees in the parent company is 612, while the total number of employees in major subsidiaries is 1,401, resulting in a combined total of 2,013 employees[169]. - The company has conducted employee training programs aimed at enhancing skills and aligning with strategic development needs[174]. - The company has a total of 1,332 production personnel, 157 sales personnel, and 237 technical personnel among its workforce[171]. - The company has implemented a performance evaluation and incentive mechanism for senior management, linking compensation to performance and tenure[173].

四川大西洋焊接材料股份有限公司 关于召开 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： 四川大西洋焊接材料股份有限公司（以下简称"公司"）已于 2023 年 4 月 7 日发布公司 2022 年年度报告，为便于广大投资者更全面深入 地了解公司 2022 年度经营成果、财务状况，公司拟于 2023 年 4 月 20 日上午 11:00-12:00 以网络互动的方式召开 2022 年度业绩说明会，就 投资者关心的问题进行交流。现将有关情况公告如下： 1 会议召开时间：2023年4月20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 4 月 13 日(星期四)至 4 月 19 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 dxy60 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥801,567,364.41, a decrease of 10.90% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2022 was ¥10,882,736.43, down 59.61% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥9,368,542.01, a decrease of 48.53% compared to the previous year[5]. - The basic earnings per share for Q3 2022 was ¥0.0121, reflecting a decline of 59.67% year-on-year[5]. - Total operating revenue for the first three quarters of 2022 was CNY 2,521,012,808.56, a decrease of 7.36% compared to CNY 2,721,176,109.12 in the same period of 2021[17]. - Net profit for the first three quarters of 2022 was CNY 55,351,512.91, down 43.93% from CNY 98,753,471.81 in the previous year[18]. - The company reported a total comprehensive income of CNY 55,316,805.21 for the first three quarters of 2022, compared to CNY 98,917,782.99 in the previous year[18]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,091,586,451.90, a decrease of 1.95% from the end of the previous year[6]. - Total assets as of September 30, 2022, were CNY 3,091,586,451.90, a decrease from CNY 3,153,022,789.59 at the end of 2021[14]. - Total liabilities decreased to CNY 746,419,884.13 from CNY 830,182,220.56 at the end of 2021, reflecting a reduction of 10.09%[14]. - The company’s total non-current assets as of September 30, 2022, were CNY 1,434,560,365.36, down from CNY 1,488,225,180.86 at the end of 2021[14]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥66,560,563.78, an increase of 232.93%[5]. - In the first three quarters of 2022, the net cash flow from operating activities was approximately $66.56 million, a significant increase from $19.99 million in the same period of 2021, representing a growth of over 233%[21]. - Total cash inflow from operating activities decreased to approximately $2.07 billion in 2022 from $2.24 billion in 2021, reflecting a decline of about 8%[21]. - Cash outflow from operating activities also decreased to approximately $1.99 billion in 2022 from $2.22 billion in 2021, a reduction of around 10%[21]. - The net cash flow from investing activities was negative at approximately -$27.35 million in 2022, compared to a positive cash flow of $3.27 million in 2021[21]. - Cash inflow from financing activities totaled approximately $266.45 million in 2022, down from $278.91 million in 2021, indicating a decrease of about 4.9%[22]. - The net cash flow from financing activities was negative at approximately -$67.85 million in 2022, compared to -$6.20 million in 2021, showing a worsening of cash flow[22]. - The ending cash and cash equivalents balance decreased to approximately $273.43 million in 2022 from $318.56 million in 2021, a decline of about 14.1%[22]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 37,513[10]. - The largest shareholder, Sichuan Atlantic Group Co., Ltd., holds 33.37% of the shares, amounting to 299,554,399 shares[10]. Research and Development - Research and development expenses increased to CNY 45,755,952.77, up 50.00% from CNY 30,535,156.02 in the same period of 2021[17]. Inventory and Cash Equivalents - The company reported a decrease in gross profit and a reduction in asset disposal income as the main reasons for the decline in net profit[8]. - The company’s inventory decreased to CNY 614,442,223.50 from CNY 725,152,357.11 at the end of 2021, a reduction of 15.27%[13]. - The company reported a cash inflow from the disposal of fixed assets and other long-term assets of approximately $114,810 in 2022, a significant decrease from $37.27 million in 2021[21]. - The company received approximately $950,000 from minority shareholders in 2022, indicating continued investment interest[21].

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥1.72 billion, a decrease of 5.61% compared to ¥1.82 billion in the same period last year[22]. - The net profit attributable to shareholders for the first half of 2022 was approximately ¥37.81 million, down 21.46% from ¥48.14 million in the previous year[22]. - The basic earnings per share for the first half of 2022 was ¥0.0421, a decline of 21.46% compared to ¥0.0536 in the same period last year[22]. - The diluted earnings per share for the first half of 2022 was also ¥0.0421, reflecting the same percentage decrease as the basic earnings per share[22]. - The net profit after deducting non-recurring gains and losses was approximately ¥34.08 million, down 25.01% from ¥45.45 million in the same period last year[22]. - The company's operating revenue for the first half of 2022 was 1,719.45 million yuan, a year-on-year decline of 5.61%, and operating profit was 51.50 million yuan, down 32.14%[39]. - The total comprehensive income for the first half of 2022 was RMB 44,549,064.94, down 28.7% from RMB 62,503,772.28 in the same period last year[154]. - The company reported a net cash outflow from financing activities of RMB -6,066,625.75, compared to an inflow of RMB 27,944,654.27 in the first half of 2021[162]. Cash Flow and Assets - The net cash flow from operating activities improved significantly to approximately ¥7.33 million, compared to a negative cash flow of ¥58.84 million in the previous year, marking an increase of 112.45%[22]. - Cash and cash equivalents at the end of the period amounted to 284,156,037.22 yuan, accounting for 8.86% of total assets, a decrease of 7.86% from the previous year[55]. - Accounts receivable increased by 114% to 352,716,739.97 yuan, attributed to the company's policy of advance credit sales[55]. - Inventory decreased by 4.06% to 695,683,677.95 yuan, accounting for 21.70% of total assets[56]. - The total amount of overseas assets is 38,393,227.44 yuan, accounting for 1.20% of total assets[60]. - The total assets at the end of the reporting period were approximately ¥3.21 billion, an increase of 1.69% from ¥3.15 billion at the end of the previous year[22]. - The company reported a total of ¥1,467,224,212.97 in non-current assets, down from ¥1,488,225,180.86, a decrease of about 1.41%[141]. Research and Development - R&D expenses increased by 32.36% to CNY 26,211,260.73, reflecting the company's commitment to innovation and product development[49][50]. - The company plans to continue investing in R&D to enhance product offerings and market competitiveness in the upcoming quarters[156]. - The company has applied for 4 new invention patents, bringing the total to 96 effective patents, including 86 inventions[45]. Market and Industry Challenges - The welding materials industry experienced a significant increase in new capacity, exceeding domestic demand by over 25%, leading to severe price distortions and a substantial decline in profitability[39]. - The company faced challenges due to the impact of COVID-19, affecting the procurement of raw materials and transportation of products, which hindered normal operations[39]. - The company faces intensified market competition due to rapid capacity expansion in the domestic welding materials industry, leading to a significant decline in profitability[69]. - Raw material price fluctuations, particularly in steel, pose a risk to the company's operations, necessitating careful procurement strategies to mitigate costs[70]. Environmental Compliance - The company maintained compliance with national and local discharge standards, with no environmental pollution incidents reported during the period[91]. - The company has been included in the list of key pollutant discharge units by the local environmental authority, indicating a focus on environmental compliance[88]. - The company has implemented measures to ensure that all pollutants are treated to meet the required standards before discharge[90]. - The wastewater treatment system in Shanghai Atlantic operates normally, utilizing pH adjustment and sedimentation processes, with online monitoring for total nickel, copper, chromium, chemical oxygen demand, and pH values[98]. - The company has established a unified waste disposal system, ensuring all hazardous and solid waste is handled by qualified disposal companies[102]. Shareholder Information - As of June 30, 2022, the total number of common shareholders was 38,875[128]. - The largest shareholder, Sichuan Atlantic Group, held 299,554,399 shares, representing 33.37% of the total shares, with 90,000,000 shares pledged[130]. - The company has not reported any changes in its share capital structure during the reporting period[127]. Corporate Governance - The report indicates no significant changes in the board of directors or senior management during the reporting period[134]. - There were no major contracts or significant events reported during the half-year period[125]. - The company has not issued any convertible bonds or other debt financing instruments during the reporting period[136]. Production and Sales - In the first half of 2022, the company produced 218,400 tons of welding materials, a year-on-year increase of 2.34%, while sales volume decreased by 14.39% to 223,700 tons[39]. - The company maintains a strong competitive position in the welding materials industry, with over 700 product varieties and a significant market share[37]. - The company exports its products to over 80 countries and regions, indicating a strong international market presence[28]. Future Plans - The company plans to focus on technology research and product structure adjustment in the second half of 2022 to enhance production efficiency and reduce costs[48]. - The company plans to adjust the investment plan for the 50,000-ton special welding rod project to not exceed 165,900,000 yuan[64].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 896,131,656.42, a decrease of 0.89% compared to the same period last year[4] - The net profit attributable to shareholders was CNY 19,323,693.45, down 37.14% year-on-year[4] - The basic earnings per share were CNY 0.0215, reflecting a decline of 37.13%[4] - Total revenue for Q1 2022 was ¥896.13 million, a decrease of 0.1% compared to ¥904.15 million in Q1 2021[23] - Net profit for Q1 2022 was ¥23.82 million, down 38.5% from ¥38.74 million in Q1 2021[23] - Operating profit for Q1 2022 was ¥29.54 million, a decline of 38.5% compared to ¥48.08 million in Q1 2021[23] Cash Flow - The net cash flow from operating activities was negative at CNY -59,048,093.89, an increase in outflow of 23.45% compared to the previous year[4] - Cash inflow from operating activities for Q1 2022 was $668.13 million, a slight increase from $661.84 million in Q1 2021, representing a growth of 0.4%[29] - Net cash flow from operating activities in Q1 2022 was -$59.05 million, an improvement compared to -$77.14 million in Q1 2021, indicating a reduction in cash outflow by approximately 23.5%[29] - The net increase in cash and cash equivalents for Q1 2022 was -$65.61 million, compared to -$60.19 million in Q1 2021, indicating a worsening cash position[31] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,204,950,179.48, an increase of 1.65% from the end of the previous year[4] - Total assets as of March 31, 2022, were ¥3.20 billion, an increase from ¥3.15 billion as of December 31, 2021[18] - Total liabilities increased to ¥858.33 million as of March 31, 2022, compared to ¥830.18 million at the end of 2021[18] - Cash and cash equivalents decreased to ¥238.38 million from ¥308.38 million, indicating a liquidity contraction[16] Expenses - Accounts receivable increased by 121.86%, primarily due to the implementation of a credit sales policy[7] - Long-term deferred expenses rose by 49.30%, mainly due to increased renovation costs for leased factories[7] - Financial expenses surged by 96.02%, influenced by increased discounting of notes and foreign exchange losses[7] - The total profit decreased by 38.84%, primarily due to a reduction in gross profit[7] - Research and development expenses increased to ¥11.02 million in Q1 2022, up from ¥9.44 million in Q1 2021, reflecting a focus on innovation[23] Tax and Equity - The company reported a significant increase in tax liabilities, with a rise of 92.22% in payable taxes[7] - The total equity attributable to shareholders increased to ¥2.16 billion from ¥2.14 billion, indicating a stable equity position[20] Cash Activities - Cash outflow from investing activities in Q1 2022 was $15.46 million, up from $13.44 million in Q1 2021, reflecting an increase of 14.9%[31] - Net cash flow from financing activities in Q1 2022 was $8.75 million, a decrease of 69.5% compared to $28.66 million in Q1 2021[31] - Total cash and cash equivalents at the end of Q1 2022 stood at $236.07 million, down from $241.08 million at the end of Q1 2021, a decline of 2.0%[31] - Cash inflow from financing activities in Q1 2022 included $98.82 million from borrowings, slightly down from $99.71 million in Q1 2021[31] - Cash outflow for debt repayment in Q1 2022 was $84.23 million, an increase of 22.1% from $68.92 million in Q1 2021[31] - The company reported a cash inflow from the disposal of fixed assets of $105.20 thousand in Q1 2022, significantly lower than $1.78 million in Q1 2021[29] - The company experienced a foreign exchange impact of $45.99 thousand on cash and cash equivalents in Q1 2022, contrasting with a negative impact of -$53.43 thousand in Q1 2021[31]

Financial Performance - The company's operating revenue for 2021 was approximately ¥3.44 billion, an increase of 14.39% compared to ¥3.01 billion in 2020[30]. - The net profit attributable to shareholders was approximately ¥77.40 million, a decrease of 26.92% from ¥105.91 million in 2020[30]. - The basic earnings per share for 2021 was ¥0.0862, down 26.95% from ¥0.118 in 2020[31]. - The total assets at the end of 2021 were approximately ¥3.15 billion, reflecting a 2.50% increase from ¥3.08 billion at the end of 2020[30]. - The company's total revenue for the year was CNY 3,424,947,676.08, representing a year-on-year increase of 14.92%[83]. - The operating profit was CNY 108,820,000, a decrease of 27.79% year-on-year, mainly due to reduced gross profit[75]. - The gross margin decreased by 2.60 percentage points to 11.40% compared to the previous year[83]. - The company reported a total revenue of 352.58 million in the latest financial year[146]. Production and Sales - The company produced 411,600 tons of products in 2021, a 2.87% increase from 400,100 tons in 2020[42]. - The sales volume for 2021 was 477,800 tons, a slight increase of 0.60% compared to 475,000 tons in 2020[42]. - The company achieved an export volume of 45,300 tons in 2021, a year-on-year increase of 0.67%[46]. - The production volume of welding materials increased by 2.87% to 411,541.47 tons, while sales volume rose by 0.60% to 477,835.66 tons[84]. - Total production for 2022 was 501,500 tons, with total sales reaching 513,700 tons[127]. Dividends and Shareholder Returns - The board of directors proposed a cash dividend of 0.30 RMB per 10 shares, totaling 26.9281 million RMB based on a total share capital of 897,604,831 shares as of December 31, 2021[8]. - The company distributed a cash dividend of 0.40 CNY per 10 shares, totaling 35,904,193.24 CNY, which represents 33.90% of the net profit attributable to shareholders for the year 2020[181]. - For the year 2021, the proposed cash dividend is 0.30 CNY per 10 shares, amounting to 2,692.81 million CNY, which is 34.79% of the net profit attributable to shareholders[182]. Audit and Compliance - The company received a standard unqualified audit report from Sichuan Huaxin (Group) Accounting Firm, ensuring the financial report's authenticity and completeness[7]. - The company has a commitment to ensuring the accuracy and completeness of the annual report, with all board members present at the meeting[5][6]. - The company has established a complete internal control system, enhancing its operational management level and risk prevention capabilities[140]. - The company has made no significant errors or omissions in its financial reporting for 2020[167]. Research and Development - The company conducted research on 132 samples of 80 types of materials, confirming that 46 sources of raw materials are suitable for small batch use, effectively reducing procurement costs[47]. - The company organized and completed 126 national, provincial, and municipal technology projects and urgent product developments, resulting in 41 product research completions and obtaining 11 patents during the reporting period[48]. - The company holds 92 valid patents, including 83 invention patents, reflecting its strong R&D capabilities[68]. - The R&D expenses increased by 2.91% to CNY 44,279,986.35, driven by higher personnel costs and external testing fees[77]. - The company is committed to research and development, aiming to introduce new technologies in welding materials[149]. Market Strategy and Competition - The company plans to enhance market competitiveness by expanding sales channels and focusing on key projects in sectors like renewable energy and nuclear power[45]. - The company is focusing on high-end differentiated product technology and cost leadership in mid-to-low-end homogeneous products[126]. - The domestic welding materials market is characterized by intense competition, with a significant presence of state-owned and private enterprises[118]. - The company is actively adjusting its product structure to meet the demand for automated and intelligent welding solutions[118]. Risk Management - There were no significant risks affecting production and operations during the reporting period, with detailed risk factors and countermeasures provided in the management discussion section[12]. - The company is focusing on enhancing procurement management to mitigate operational risks due to significant fluctuations in raw material prices, particularly steel[47]. - Fluctuations in raw material prices, particularly steel, pose a significant risk to production costs and profitability[132]. - The company will implement cautious procurement strategies to mitigate risks associated with raw material price volatility[132]. Corporate Governance - The company is committed to enhancing corporate governance and ensuring compliance with regulatory requirements[136]. - The company has established a comprehensive evaluation and assessment system for senior management remuneration based on operational performance[156]. - The company has a strong commitment to corporate governance, ensuring compliance with legal and regulatory requirements[140]. - The company has made systematic revisions and improvements to its internal control systems across various departments, including finance and human resources[140]. Environmental Responsibility - The company has been listed as a key pollutant discharge unit, with its subsidiaries complying with national and local emission standards throughout the reporting period[194]. - The company has not experienced any environmental pollution incidents during the reporting period, with all pollutant emissions meeting regulatory standards[195]. - The total pollutant discharge was reported to be within the regulatory limits, with a compliance rate of 98%[199]. - The company is committed to sustainability, with plans to reduce waste by 15% over the next three years[200].

Financial Performance - The company's operating revenue for Q3 2021 was CNY 899,631,479.53, representing a year-on-year increase of 7.50%[8] - The net profit attributable to shareholders for the same period was CNY 26,943,929.24, up 13.31% year-on-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 19.61% to CNY 18,201,134.65[8] - The total operating revenue for the first three quarters of 2021 reached RMB 2,721,176,109.12, an increase of 20.2% compared to RMB 2,263,368,382.85 in the same period of 2020[25] - The net profit for the first three quarters of 2021 was RMB 98,753,471.81, representing a 46.9% increase from RMB 67,253,069.66 in the same period of 2020[25] - The net profit attributable to the parent company shareholders for the current period is CNY 75,080,935.35, an increase of 43.2% compared to CNY 52,402,950.44 in the previous period[27] - The total comprehensive income attributable to the parent company owners is CNY 75,163,090.94, up from CNY 52,132,057.44, reflecting a growth of 43.9%[27] Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,259,321,195.85, an increase of 5.95% compared to the end of the previous year[10] - The total assets of the company as of September 30, 2021, were RMB 3,259,321,195.85, compared to RMB 3,076,140,112.66 at the end of 2020[22] - Total current liabilities amount to approximately $726.44 million, with accounts payable at $192.34 million and short-term borrowings at $238.99 million[37] - Total non-current liabilities are approximately $52.88 million, with long-term borrowings at $0.62 million and deferred income tax liabilities at $19.89 million[37] - Total liabilities stand at approximately $779.32 million, while total equity attributable to shareholders is approximately $2.11 billion[37] - The company's total equity amounts to approximately $2.30 billion, reflecting a strong capital base[39] - The retained earnings are approximately $609.06 million, indicating a solid profit retention strategy[37] - The company has a capital reserve of approximately $447.99 million, supporting future growth initiatives[37] Cash Flow - The cash flow from operating activities showed a net decrease of 38.10% year-to-date, totaling CNY 19,992,368.07[13] - The net cash flow from operating activities for the first three quarters is CNY 19,992,368.07, down 38.0% from CNY 32,297,816.54 in the same period last year[30] - Cash inflow from operating activities totaled CNY 2,243,776,025.33, a 26.3% increase from CNY 1,776,546,752.34 in the previous year[30] - The net cash flow from investing activities is CNY 3,272,527.37, a significant improvement from a net outflow of CNY 27,723,949.90 in the previous year[30] - The total cash and cash equivalents at the end of the period is CNY 318,563,074.63, compared to CNY 306,787,161.40 at the end of the previous period[32] - The company reported a cash inflow from financing activities of CNY 278,905,727.17, an increase from CNY 229,074,919.51 in the previous year[32] Shareholder Information - The total equity attributable to shareholders at the end of the reporting period was CNY 2,147,398,743.64, a 1.86% increase from the previous year[10] - The company’s major shareholder, Sichuan Atlantic Group, holds 33.37% of the shares, with 90 million shares pledged[15] Research and Development - Research and development expenses for the first three quarters of 2021 were RMB 30,535,156.02, slightly up from RMB 28,532,696.89 in the same period of 2020[25] Market Strategy and Future Outlook - The company reported a significant increase in user data and market expansion strategies, although specific figures were not disclosed in the call[38] - Future outlook includes ongoing investment in new product development and technology advancements to enhance market position[38] - The company is exploring potential mergers and acquisitions to further strengthen its market presence and operational capabilities[38] Inventory and Borrowings - The company's inventory as of September 30, 2021, was RMB 634,126,161.62, an increase from RMB 590,203,174.24 at the end of 2020[21] - The company's short-term borrowings increased to RMB 277,660,382.19 from RMB 238,995,105.07 at the end of 2020[22] New Standards Implementation - The company has implemented new leasing standards starting from 2021, which may affect financial reporting[34] - The total assets of the company as of January 1, 2021, are CNY 3,077,022,513.31, reflecting an adjustment of CNY 882,400.65 due to the new leasing standards[35]