2022 年第三季度报告 证券代码：600560 证券简称：金自天正 北京金自天正智能控制股份有限公司 2022 年第三季度报告 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法律责任。 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。 公司负责人杨光浩、主管会计工作负责人高佐庭及会计机构负责人（会计主管人员）刘琼保 证季度报告中财务信息的真实、准确、完整。 第三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 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比 上年同期增 | 年初至报告期末 | 年初至报告期 末比上年同期 | | --- | --- | --- | --- | --- | | | | 减变动幅度 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 162,387,133.18 | -15.79 | 458,215,944.5 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥295,828,811.37, a decrease of 4.47% compared to ¥309,672,080.34 in the same period last year[15]. - The net profit attributable to shareholders of the listed company increased by 3.89% to ¥26,164,735.49 from ¥25,186,172.73 year-on-year[15]. - The net profit after deducting non-recurring gains and losses rose by 31.28% to ¥26,174,447.90 compared to ¥19,937,504.39 in the previous year[15]. - The net cash flow from operating activities decreased by 52.24% to ¥42,172,444.58 from ¥88,308,699.87 in the same period last year[15]. - The total assets at the end of the reporting period were ¥1,922,581,418.02, a decrease of 3.71% from ¥1,996,702,909.90 at the end of the previous year[15]. - The net assets attributable to shareholders of the listed company increased by 1.44% to ¥851,157,483.01 from ¥839,082,414.03 at the end of the previous year[15]. - Basic earnings per share for the first half of 2022 were ¥0.1170, up 3.89% from ¥0.1126 in the same period last year[16]. - The weighted average return on net assets was 3.0704%, a slight decrease of 0.01 percentage points from 3.0762% in the previous year[16]. Research and Development - Research and development expenses rose by 19.30% to approximately 22.21 million RMB, reflecting the company's commitment to "intelligent and green" technology initiatives[30]. - The company holds a total of 125 effective patents, including 75 invention patents, enhancing its competitive edge in the automation and control systems market[26]. - The company has successfully implemented energy management and intelligent steel rolling solutions, contributing to carbon reduction and cost savings for clients, aligning with national carbon neutrality goals[57]. - The company is focused on technological innovation in "intelligent and green" solutions, enhancing its product offerings to support clients in reducing carbon emissions[57]. Operational Efficiency - The company achieved improvements in gross margin due to its focus on the transformation and upgrading of the steel industry towards "intelligent and green" operations[15]. - The gross profit margin improved by 3.98 percentage points, indicating better cost control measures implemented by the company[31]. - Sales expenses decreased by 4.44% to ¥7,935,913.26, primarily due to reduced business expenses during the reporting period[34]. - Management expenses increased by 12.77% to ¥16,425,935.44, mainly due to an increase in labor costs[35]. - The company plans to focus on improving operational efficiency and exploring new investment opportunities to enhance future cash flows[106]. Market and Industry Context - The steel industry in China faced significant challenges, with crude steel production declining by 6.5% year-on-year to 527 million tons in the first half of 2022[23]. - The company continues to focus on the steel industry's supply-side reform and transformation, aligning its strategy with national policies for sustainable development[24]. - The company actively participates in poverty alleviation initiatives, collaborating with local governments to promote products from targeted poverty alleviation areas[59]. Financial Position - The company's total liabilities decreased by 53.22% to ¥68,037,928.89, primarily due to a reduction in endorsed but not yet due bills[38]. - The company’s total equity investment increased by 10,953,743.78 to ¥99,260,883.43, reflecting a positive impact on current profits[42]. - The total current assets as of June 30, 2022, amounted to CNY 1,519,544,610.16, a decrease from CNY 1,599,559,125.95 at the beginning of the period, reflecting a decline of approximately 5%[88]. - The cash and cash equivalents increased to CNY 45,383,017.73 from CNY 43,240,118.54, showing a growth of about 5%[88]. - The company’s total liabilities at the end of the current period are not explicitly stated but can be inferred from the total equity and assets[115]. Government and Regulatory Matters - The company received government subsidies amounting to approximately 1.15 million RMB from VAT refunds, which are not classified as non-recurring gains[20]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[55]. - The company has made commitments to avoid conflicts of interest and ensure fair transactions with its major shareholder[62]. Accounting and Financial Reporting - The financial statements are prepared based on the going concern principle, indicating the company expects to have sufficient resources to continue operations for the next 12 months[133]. - The accounting policies comply with the enterprise accounting standards, ensuring a true and complete reflection of the company's financial status and operating results[134]. - The company assesses its subsidiaries based on control, including all subsidiaries in the consolidated financial statements as of June 30, 2022[140]. - The company applies a credit loss model for accounts receivable, measuring expected credit losses over the entire duration[152]. Revenue Recognition - The group's revenue includes sales of goods, service income, asset usage rights income, and contract energy management income[197]. - Revenue from sales of goods is recognized upon receipt of customer acknowledgment for non-debugging products, and upon installation confirmation for debugging products[197]. - Service income and construction contract income are recognized based on the progress of performance, measured by costs incurred relative to total expected costs[197]. - Government grants are categorized into asset-related and income-related grants, with specific recognition criteria for each type[199].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 156,070,643.11, representing a year-on-year increase of 9.52%[4] - The net profit attributable to shareholders was CNY 13,544,636.81, showing a decrease of 2.71% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 14,519,343.20, an increase of 6.99% year-on-year[4] - The basic earnings per share for the period was CNY 0.06, reflecting a decrease of 2.71% year-on-year[4] - The weighted average return on equity was 1.60%, a decrease of 0.11 percentage points compared to the previous year[4] - The total comprehensive income for Q1 2022 was CNY 14,150,229.30, slightly down from CNY 14,258,380.58 in Q1 2021, indicating a decrease of about 0.76%[18] Cash Flow - The net cash flow from operating activities was CNY 3,755,110.89, a significant decrease of 93.57% compared to the previous year[4][8] - Cash inflows from operating activities amounted to CNY 100,496,437.38 in Q1 2022, down 53.3% from CNY 215,101,494.47 in Q1 2021[21] - The net cash flow from operating activities for Q1 2022 was CNY 3,755,110.89, a significant decline of 93.6% compared to CNY 58,377,762.05 in Q1 2021[21] - Cash outflows from investment activities totaled CNY 50,049,547.00 in Q1 2022, down 29.2% from CNY 70,727,941.63 in Q1 2021[22] - The net cash flow from investment activities was -CNY 9,741,743.75 for Q1 2022, an improvement from -CNY 32,010,541.63 in Q1 2021[22] - Cash and cash equivalents at the end of Q1 2022 were CNY 36,196,465.31, a decrease of 51.5% from CNY 74,596,959.02 at the end of Q1 2021[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,971,201,869.86, down 1.28% from the end of the previous year[5] - Current assets totaled ¥1,567,890,391.53, down from ¥1,599,559,125.95 at the end of 2021, representing a decline of 1.98%[14] - The company's total liabilities decreased to ¥1,085,272,040.11 from ¥1,124,923,309.45, a reduction of 3.5%[15] - Cash and cash equivalents were ¥37,253,485.68, down from ¥43,240,118.54, reflecting a decrease of 13.8%[14] - The company's total assets as of March 31, 2022, were ¥1,971,201,869.86, a decrease from ¥1,996,702,909.90 at the end of 2021[15] Shareholder Information - Shareholders' equity attributable to the parent company increased by 1.61% to CNY 852,627,050.84 compared to the end of the previous year[5] - The total number of ordinary shareholders at the end of the reporting period was 19,182[10] Research and Development - Research and development expenses for Q1 2022 were ¥9,901,798.48, compared to ¥8,752,656.94 in Q1 2021, an increase of 13.1%[17] Non-Recurring Items - The company reported a non-recurring loss of CNY 974,706.39 for the period, primarily due to other operating losses[7] - The company received CNY 1,158,815.08 in tax refunds during Q1 2022, compared to CNY 84,965.25 in Q1 2021, showing a significant increase of 1265.5%[21] - The company reported cash inflows from other operating activities of CNY 6,215,647.99 in Q1 2022, slightly down from CNY 6,457,219.53 in Q1 2021[21]

Financial Performance - The company's operating revenue for 2021 was CNY 706,788,997.15, representing a 1.57% increase compared to CNY 695,880,459.48 in 2020[18]. - The net profit attributable to shareholders increased by 21.61% to CNY 46,280,738.80 from CNY 38,056,275.03 in the previous year[18]. - The net profit after deducting non-recurring gains and losses rose by 20.91% to CNY 33,438,836.25, up from CNY 27,655,117.88 in 2020[18]. - The basic earnings per share for 2021 was CNY 0.2069, a 21.61% increase from CNY 0.1702 in 2020[19]. - The diluted earnings per share also stood at CNY 0.2069, reflecting the same growth rate as the basic earnings per share[19]. - The company's net profit for 2021 was CNY 48,469,792.30, an increase of 20.5% compared to CNY 40,264,302.84 in the previous year[199]. - The total revenue for the year reached CNY 51,350,289.05, up from CNY 40,983,506.48, reflecting a growth of 25.5%[199]. - The company's total comprehensive income for the year was CNY 46,686,680.72, compared to CNY 38,484,089.27, marking an increase of 21.5%[200]. - Operating profit for the year was CNY 50,647,217.89, up from CNY 40,933,641.54, reflecting a growth of 23.5%[199]. Cash Flow and Assets - The net cash flow from operating activities significantly improved, increasing by 242.92% to CNY 99,576,060.06 from a negative CNY 69,672,201.63 in 2020[18]. - The company's operating cash flow was 99.58 million yuan, a significant increase of 242.92% compared to the previous year[40]. - The company's cash and cash equivalents decreased to CNY 36,847,344.50 in 2021 from CNY 57,709,268.15 in 2020, representing a decline of 36.3%[194]. - Accounts receivable decreased to CNY 204,517,532.47 in 2021 from CNY 225,696,898.04 in 2020, a reduction of 9.4%[194]. - The accounts receivable balance was 414 million yuan, with a provision for bad debts of 162 million yuan, and other receivables amounted to 20.92 million yuan, with a total of 13.08% of total assets[177]. Research and Development - Research and development investment totaled CNY 55.6554 million, an increase of 6.60% compared to the previous year[30]. - The company filed 12 new patents during the reporting period, including 5 invention patents, and held a total of 121 effective patents by the end of 2021[36]. - The company is focusing on "intelligent and green" development goals, increasing R&D investment to support new projects in the metallurgical automation field[34]. - The company plans to enhance R&D investment and accelerate the transformation of results to improve value creation capabilities[75]. - The company is investing in new product development, with a budget allocation of $50 million for R&D[95]. Market and Industry Trends - The steel industry saw a decline in crude steel production for the first time in six years, impacting the company's operational environment[30]. - In 2021, China's crude steel production was 1,003 million tons, a decrease of 3% year-on-year, marking the first decline in six years[32]. - The steel industry achieved a total profit of 424.09 billion yuan, an increase of 75.5% year-on-year, with operating revenue reaching 9,666.23 billion yuan, up 32.2%[32]. - The company aims to reduce reliance on the metallurgical industry by actively exploring markets in other sectors to mitigate industry risks[75]. Governance and Management - The company is committed to establishing a modern corporate governance structure, adhering to relevant laws and regulations to protect investor interests[84]. - The company has implemented a series of governance systems to ensure compliance and enhance operational transparency, including internal audit and investor relations management[85]. - The company held its first extraordinary general meeting on February 5, 2021, to elect members of the eighth board of directors and independent directors[87]. - The company reported no significant changes in competition from controlling shareholders or related entities, maintaining a competitive edge[87]. - The company’s management structure includes independent directors and a complete internal management system, ensuring effective governance[90]. Financial Position - Total assets as of December 31, 2021, amounted to CNY 1,996,702,909.90, an increase from CNY 1,962,560,519.18 in 2020[190]. - Current assets totaled CNY 1,599,559,125.95, down from CNY 1,696,231,077.12 in the previous year, indicating a decrease of approximately 5.7%[190]. - Total liabilities were CNY 2,207,326,013.70, slightly down from CNY 2,213,461,850.83 in 2020[191]. - Total equity attributable to shareholders rose to CNY 629,362,075.30 in 2021, compared to CNY 610,377,701.31 in 2020, an increase of 3.2%[196]. Strategic Initiatives - The company aims to lead in industrial automation and information technology, focusing on smart and green development, with a commitment to R&D and brand promotion[76]. - The company plans to enhance its core competitiveness through capital operations and strategic alliances, targeting new growth areas and expanding its product structure[77]. - The company is actively pursuing new product development and technological advancements to stay competitive[93]. - Future guidance indicates a commitment to increasing shareholder value through strategic investments and market expansion[93]. Environmental and Social Responsibility - The company actively participated in poverty alleviation efforts, purchasing agricultural products worth CNY 50,200 from targeted poverty alleviation areas[133]. - The company has implemented measures to reduce carbon emissions, including energy-saving initiatives and encouraging low-carbon commuting among employees[131]. - The company focuses on "intelligent and green" technology innovations to help clients reduce carbon emissions and costs[130].

Financial Performance - The company's operating revenue for Q3 2021 was ¥192,839,130.19, a decrease of 0.36% compared to the same period last year[5] - The net profit attributable to shareholders was ¥9,715,700.46, reflecting a decline of 0.27% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥6,917,054.49, down by 0.36% compared to the previous year[5] - The basic earnings per share for the quarter was ¥0.04, unchanged from the previous quarter[6] - The company's net profit for the first three quarters of 2021 is not explicitly stated but can be inferred from the revenue and cost figures[21] - Net profit for Q3 2021 reached ¥36.37 million, compared to ¥34.39 million in Q3 2020, indicating a growth of approximately 5.7%[23] - The total comprehensive income for Q3 2021 was ¥36.37 million, compared to ¥34.39 million in Q3 2020, marking an increase of about 5.7%[23] Revenue and Costs - Total operating revenue for the first three quarters of 2021 was CNY 502,511,210.53, a decrease of 12.6% compared to CNY 575,086,589.67 in the same period of 2020[21] - Total operating costs for the first three quarters of 2021 were CNY 462,310,497.69, down 9.5% from CNY 511,063,253.51 in the previous year[21] - The total revenue from operating activities for the first nine months of 2021 was ¥512.28 million, an increase of about 23.5% from ¥414.76 million in the same period of 2020[27] Assets and Equity - The total assets at the end of the reporting period amounted to ¥2,048,600,466.61, an increase of 4.38% from the end of the previous year[6] - As of September 30, 2021, total assets amounted to CNY 2,048,600,466.61, an increase from CNY 1,962,560,519.18 at the end of 2020[18] - The equity attributable to shareholders increased to ¥829,414,322.56, a rise of 2.89% compared to the end of the previous year[6] - The company's total equity as of September 30, 2021, was CNY 861,460,289.92, up from CNY 837,484,485.73 at the end of 2020[18] Cash Flow - The cash flow from operating activities for the year-to-date was ¥120,802,950.56, a significant increase of 2,019.95%[6] - The net cash flow from operating activities for Q3 2021 was ¥120.80 million, a significant improvement from a negative cash flow of ¥6.29 million in Q3 2020[27] - Cash and cash equivalents at the end of Q3 2021 amounted to ¥60.35 million, an increase from ¥54.67 million at the end of Q3 2020[28] - The company received other cash related to operating activities amounting to ¥35.08 million in the first nine months of 2021, compared to ¥15.80 million in the same period of 2020, indicating a growth of about 122.5%[27] Liabilities - Total liabilities as of September 30, 2021, were CNY 1,187,140,176.69, compared to CNY 1,125,076,033.45 at the end of 2020[18] Investments and Expenses - Investment activities resulted in a net cash outflow of approximately ¥98.61 million in Q3 2021, compared to a net inflow of ¥23.56 million in Q3 2020[28] - R&D expenses for Q3 2021 were approximately ¥35.19 million, a decrease from ¥41.56 million in Q3 2020, reflecting a year-over-year decline of about 15.7%[22] Shareholder Information - The top shareholder, Metallurgical Automation Research and Design Institute, holds 42.95% of the shares, totaling 96,061,025 shares[12] Inventory and Receivables - Inventory as of September 30, 2021, was CNY 675,928,702.62, up from CNY 588,255,539.45 at the end of 2020[16] - Accounts receivable as of September 30, 2021, were CNY 296,217,062.70, a decrease from CNY 318,360,429.86 at the end of 2020[16] - The company reported a significant increase in prepayments, totaling CNY 232,343,967.47 as of September 30, 2021, compared to CNY 176,628,403.93 at the end of 2020[16] Government Support - The company received government subsidies amounting to ¥310,428.23 during the reporting period[8] Debt and Restructuring - The company reported a debt waiver for certain clients, resulting in a loss of ¥2,611,307.62 due to debt restructuring[9]

2021 年第三季度报告 证券代码：600560 证券简称：金自天正 北京金自天正智能控制股份有限公司 2021 年第三季度报告 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、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 报表信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 1 / 12 2021 年第三季度报告 | 经营活动产生的现金流 | 不适用 | 不适用 | 120,802,950.56 | 2,019.95 | | --- | --- | --- | --- | --- | | 量净额 | | | | | | 基本每股收益（元/股） | 0.04 | -26.66 0.16 | | 7.72 | | 稀释每股收益（元/股） | 0.04 | -26.66 0.16 | | 7.72 | | 加权 ...

证券代码：600560 证券简称：金自天正 编号：临 2021-020 北京金自天正智能控制股份有限公司 关于参加北京辖区上市公司投资者集体接待日活动的公告 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个别及连带责任。 为进一步加强与广大投资者的沟通交流，北京金自天正智能控制股份有限公 司（以下简称"公司"）将参加"2021 年北京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采取网络远程的方式举行，投资者可以登录"上证路 演中心"网站（http://roadshow.sseinfo.com）或关注微信公众号上证路演中 心，参与本次投资者集体接待日活动，活动时间为 2021 年 9 月 23 日（星期四） 15:00 至 17:00。 届时公司的总经理林万舟先生、董事会秘书兼财务总监高佐庭先生将通过网 络在线交流形式与投资者就公司治理、发展战略、经营状况、融资计划、股权激 励和可持续发展等投资者关注的问题进行沟通。 欢迎广大投资者积极参与。 特此公告。 北京金自天正智能控制股份有限公司董事会 202 ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥309,672,080.34, representing a 13.32% increase compared to ¥273,268,133.44 in the same period last year[16]. - The net profit attributable to shareholders for the first half of 2021 was ¥25,186,172.73, a 31.50% increase from ¥19,152,924.51 in the previous year[16]. - The net cash flow from operating activities increased by 40.36% to ¥88,308,699.87, compared to ¥62,914,104.01 in the same period last year[16]. - The basic earnings per share for the first half of 2021 was ¥0.1126, up 31.50% from ¥0.0856 in the same period last year[17]. - The total assets at the end of the reporting period were ¥1,954,800,512.21, a slight decrease of 0.40% from ¥1,962,560,519.18 at the end of the previous year[16]. - The net assets attributable to shareholders increased by 1.68% to ¥819,698,622.10 from ¥806,142,015.37 at the end of the previous year[16]. - The company reported a decrease in R&D expenses by 15.96%, totaling approximately ¥18.62 million, down from ¥22.15 million in the previous year[31]. - The company reported a net profit margin improvement, with net profit for the first half of 2021 showing a positive trend compared to the previous year[82]. - The total comprehensive income for the first half of 2021 was CNY 26,264,547.16, compared to CNY 20,056,363.74 in the same period of 2020, marking a 31% increase[84]. Cash Flow and Financial Position - The company's total current liabilities were RMB 1,085,021,593.69, a decrease from RMB 1,107,230,927.40 at the end of 2020[75]. - The accounts payable increased to RMB 229,535,179.88 from RMB 179,290,424.44, indicating a rise of about 28%[75]. - The company's contract liabilities rose to RMB 671,035,580.00 from RMB 620,732,875.23, reflecting an increase of approximately 8.1%[75]. - The company's cash and cash equivalents increased to ¥64,656,099.53 as of June 30, 2021, from ¥52,430,195.46 at the end of 2020, reflecting a growth of 23.2%[78]. - The ending cash and cash equivalents balance was CNY 78,118,984.61, an increase from CNY 56,991,680.78 in the previous year[91]. - The company reported a total cash increase of CNY 37,354,815.83, compared to CNY 10,808,975.96 in the first half of 2020, marking a growth of 245.06%[91]. Investments and Assets - The company has filed 6 new patents during the reporting period, including 2 invention patents, and has a total of 117 effective authorized patents[25]. - The company has a total of CNY 84,727,628.15 in receivables financing, down by CNY 47,944,591.62 from the beginning of the period[36]. - The company holds equity investments in Chongqing Iron and Steel Company Limited, with a total of 13,910 shares valued at CNY 37,000.60, up from CNY 20,586.80 at the beginning of the period, reflecting an increase of approximately 79.5%[196]. - The company reported a total of CNY 240,705,030.29 in notes receivable at the end of the period, down from CNY 300,492,531.40 at the beginning, indicating a decrease of about 19.9%[198]. Market and Strategic Developments - The company has not disclosed any significant new product developments or technological advancements in this report[21]. - There are no indications of market expansion or mergers and acquisitions mentioned in the report[21]. - The company is actively pursuing intelligent manufacturing and digital transformation projects in the metallurgy industry, responding to national policies aimed at carbon neutrality by 2060[23]. - Future outlook includes plans for market expansion and potential new product development to drive revenue growth[82]. Corporate Governance and Management - The company has undergone changes in its board of directors, with several new appointments and departures[45]. - The company experienced changes in its board of directors and senior management due to re-election[46]. - The financial statements were approved by the board of directors on August 24, 2021[108]. - The company operates under the control of its parent company, the Metallurgical Automation Research and Design Institute[107]. Compliance and Accounting Practices - The financial statements are prepared in accordance with the relevant accounting standards, reflecting the company's financial position and operating results accurately[111]. - The company recognizes financial assets and liabilities based on their classification and measurement criteria, including fair value and amortized cost[120]. - The company applies the expected credit loss model for assessing financial asset impairment, requiring significant judgment and estimation[183]. - The company recognizes revenue for goods that do not require debugging upon shipment and receipt of the customer's signed delivery note[175]. Risks and Uncertainties - The company has not identified any significant risks or uncertainties that could impact future performance[21]. - There were no significant lawsuits or arbitration matters during the reporting period[55]. - The company has not reported any significant changes or issues related to its commitments during the reporting period[52].

Financial Performance - Net profit attributable to shareholders increased by 100.56% to CNY 13,922,340.16 year-on-year[5] - Operating revenue rose by 23.50% to CNY 142,510,342.48 compared to the same period last year[5] - Net profit for Q1 2021 was ¥14,258,380.58, a significant increase of 91.1% from ¥7,450,261.57 in Q1 2020[31] - The net profit attributable to the parent company was CNY 13,922,340.16, up 100.00% from CNY 6,941,824.52 in the same period last year[32] - The total profit for Q1 2021 was CNY 13,311,019.33, up from CNY 6,308,937.17 in the previous year, representing a growth of 111.00%[35] Cash Flow - Net cash flow from operating activities surged by 365.04% to CNY 58,377,762.05 year-on-year[5] - Cash received from operating activities surged by 365.04% to ¥58,377,762.05, driven by the maturity of receivable notes[19] - The company's cash flow from operating activities was CNY 215,101,494.47, an increase from CNY 165,010,350.51 in Q1 2020[38] - The net cash flow from operating activities for Q1 2021 was ¥46,726,626.74, a significant increase from ¥15,291,706.01 in Q1 2020, representing a growth of approximately 205%[40] - Total cash inflow from operating activities reached ¥159,955,488.79, compared to ¥118,766,504.39 in the previous year, indicating a year-over-year increase of about 34.7%[40] Assets and Liabilities - Total assets decreased by 3.34% to CNY 1,897,030,862.44 compared to the end of the previous year[5] - Total liabilities decreased to ¥1,045,287,996.13 from ¥1,125,076,033.45, reflecting a reduction in the company's debt levels[23] - The company's total assets as of March 31, 2021, amounted to ¥1,473,495,583.95, a decrease from ¥1,507,931,532.23 at the end of 2020[27] - Current assets totaled ¥1,228,676,644.47, down from ¥1,261,071,759.68 at the end of 2020[27] - Total liabilities decreased to ¥851,841,793.14 from ¥897,553,830.92, indicating a reduction of 5.1%[28] Shareholder Information - The number of shareholders reached 18,981, with the largest shareholder holding 42.95% of shares[9] - Shareholders' equity increased to ¥621,653,790.81 from ¥610,377,701.31, showing a growth of 1.9%[28] Research and Development - R&D expenses increased by 34.68% to ¥8,752,656.94, reflecting a higher investment in research and development[13] - Research and development expenses for Q1 2021 were ¥8,752,656.94, compared to ¥6,499,019.85 in Q1 2020, marking a 34.6% increase[31] Income and Expenses - Other income decreased by 39.19% to ¥1,177,979.74, primarily due to a reduction in government subsidies[13] - Investment income plummeted by 99.14% to ¥7,581.71, attributed to decreased returns from structured deposits during the reporting period[13] - Cash outflow for fixed asset purchases increased by 381.13% to ¥727,941.63, indicating a rise in capital expenditures[16] - The cost of goods sold decreased to CNY 66,631,736.89 from CNY 74,436,433.10, reflecting a reduction of approximately 10.00%[35] - The company recorded other income of CNY 755,110.32, down from CNY 1,937,135.52 in Q1 2020, a decrease of approximately 61.00%[35] Cash and Cash Equivalents - Cash and cash equivalents increased by 40.02% to CNY 92,254,345.94 due to the receipt of bank acceptance bills[11] - The company reported a net increase in cash and cash equivalents of ¥31,354,494.90 for Q1 2021, compared to ¥13,018,916.46 in Q1 2020, marking an increase of approximately 141%[42] - The ending balance of cash and cash equivalents was ¥61,451,733.62, up from ¥42,949,669.60 at the end of Q1 2020, representing a growth of about 43.2%[42]

Financial Performance - The company's operating revenue for 2020 was CNY 695,880,459.48, an increase of 5.42% compared to CNY 660,103,031.71 in 2019[18]. - The net profit attributable to shareholders for 2020 was CNY 38,056,275.03, representing a 36.65% increase from CNY 27,849,735.53 in 2019[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 27,655,117.88, a significant increase of 114.05% compared to CNY 12,919,750.54 in 2019[18]. - The basic earnings per share for 2020 was CNY 0.1702, up 36.65% from CNY 0.1245 in 2019[19]. - The weighted average return on equity for 2020 was 4.80%, an increase of 31.43 percentage points from 3.65% in 2019[20]. - The total operating revenue for 2020 was ¥695,880,459.48, representing a growth of 5.42% compared to the previous year[34]. - The net profit attributable to the parent company was ¥38,056,275.03, which increased by 36.65% year-on-year[34]. - The company reported a gross margin of 35% for 2020, maintaining a stable margin compared to the previous year[106]. Assets and Liabilities - The company's total assets at the end of 2020 were CNY 1,962,560,519.18, a 20.96% increase from CNY 1,622,539,255.73 at the end of 2019[18]. - The company's net assets attributable to shareholders at the end of 2020 were CNY 806,142,015.37, a 3.57% increase from CNY 778,364,482.91 at the end of 2019[18]. - Total assets increased to ¥1,962,560,519.18 in 2020, up from ¥1,622,539,255.73 in 2019, representing a growth of approximately 20.9%[149]. - Total liabilities reached ¥1,125,076,033.45 in 2020, up from ¥814,132,230.27 in 2019, which is an increase of approximately 38.2%[151]. - Shareholders' equity increased to ¥837,484,485.73 in 2020, up from ¥808,407,025.46 in 2019, representing a growth of approximately 3.5%[151]. Cash Flow - The net cash flow from operating activities decreased by 3,715.37% in 2020, primarily due to increased procurement payments and contract execution[21]. - The net cash flow from operating activities was negative, with a net outflow of CNY 69.21 million in Q3 and CNY 63.38 million in Q4[22]. - The company reported a net cash flow from investment activities of ¥78,783,260.38, a significant improvement from the previous year's negative cash flow[35]. - The company reported a net cash flow from operating activities of CNY -69,672,201.63, a significant decline from CNY 1,927,111.86 in 2019[165]. - Cash flow from investment activities showed a net inflow of CNY 78,783,260.38, compared to a net outflow of CNY -14,609,139.81 in 2019[165]. Research and Development - Research and development expenses amounted to ¥52,211,704.33, marking a 4.59% increase year-on-year[35]. - The company filed for 20 new patents in 2020, including 12 invention patents, and received 14 patents, with a total of 104 effective patents by year-end[30]. - The company completed the optimization design and assembly of the IGCT prototype for the "High-Power AC-DC-AC Frequency Conversion Drive System" project, which is now ready for engineering application[46]. - The company has developed a fully digital control system, completing hardware and testing software development, and is preparing for subsequent engineering applications[46]. - New product development initiatives are underway, with an investment of 200 million RMB allocated for R&D in advanced automation technologies[106]. Market Strategy and Expansion - The company plans to strengthen its marketing efforts and expand its market presence beyond the metallurgy industry to reduce dependency[62]. - The company aims to develop high-value products with independent intellectual property rights to enhance profitability[62]. - The company plans to expand its market presence beyond the metallurgy industry by leveraging strategic alliances and capital operations, targeting sectors like light industry, petrochemicals, construction, and environmental protection[65]. - The company is focusing on automation solutions for the steel industry, which is undergoing significant restructuring and technological upgrades[28]. - The company is actively engaged in smart manufacturing and digital transformation projects, which are expected to drive future growth[28]. Governance and Compliance - The company has established a governance structure in compliance with the Company Law and Securities Law, ensuring the protection of investors' interests[117]. - Independent directors constitute one-third of the board, meeting the requirements set by the China Securities Regulatory Commission[118]. - The company has implemented a comprehensive internal audit system to enhance audit quality[120]. - The audit report confirmed that the financial statements fairly reflect the company's financial position and operating results for the year ended December 31, 2020[134]. - The company has not disclosed any significant deficiencies in internal controls during the reporting period[133]. Shareholder Information - The cash dividend policy is compliant with the company's articles of association, with a distribution ratio of 30.56% for 2020, amounting to ¥38,056,275.03[70]. - The total number of ordinary shareholders at the end of the reporting period was 19,681, an increase from 19,296 at the end of the previous month[93]. - The largest shareholder, Metallurgical Automation Research and Design Institute, holds 96,061,025 shares, representing 42.95% of the total shares[95]. - The company has no significant changes in its ordinary share capital structure during the reporting period[91]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 3.9311 million yuan[109]. Employee and Management Information - The total number of employees in the parent company and major subsidiaries is 351, with 218 in the parent company and 133 in subsidiaries[112]. - The company has a total of 226 technical personnel, representing approximately 64.4% of the total workforce[112]. - The company has established a competitive, incentive-based, fair, and cost-effective salary system to retain and cultivate talent[113]. - The company has implemented a dual training approach, combining internal and external training methods[114]. - The management's focus on stability is evident as there were no significant fluctuations in shareholding among the directors and supervisors[102].