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。 上工申贝（集团）股份有限公司（以下简称"公司"）于 2023 年 8 月 28 日召开第 十届董事会第三次会议，审议通过《关于政府征收公司部分房屋的议案》。现将有关事 项公告如下： 一、交易概述 因公共利益需要，上海市黄浦区人民政府发布《上海市黄浦区人民政府房屋征收 决定》（黄府征[2021]16 号）（以下简称"征收决定"），公司位于上海市黄浦区天津路 250 号的房屋被纳入征收范围。根据征收决定，公司位于上海市黄浦区天津路 250 号的 房屋（以下简称"被征收房屋"）纳入黄浦区福建路地块旧城改建房屋征收项目，公司 将就上述被征收房屋与上海市黄浦区住房保障和房屋管理局签署房屋征收补偿协议。 本次被征收房屋，认定建筑面积 286.23 平方米，预计征收补偿费用总额约 2,996.89 万 元。经公司财务部门初步测算，上述事项预计将合计增加公司净利润约2,242.26万元， 具体会计处理及影响数据以经会计师审计确认后的结果为准。 鉴于公司最近 12 月累计被政府征收的房屋产生的净利 ...

Financial Performance - The company's operating revenue for 2022 was CNY 3,329,003,911.87, representing a 6.54% increase compared to CNY 3,124,521,536.79 in 2021[24]. - The net profit attributable to shareholders for 2022 was CNY 73,159,660.66, an increase of 18.62% from CNY 61,677,084.30 in the previous year[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 43.28% to CNY 22,606,245.94 from CNY 39,858,311.61 in 2021[24]. - The net cash flow from operating activities for 2022 was CNY 59,346,422.82, down 21.80% from CNY 75,891,883.26 in 2021[24]. - The total assets at the end of 2022 were CNY 5,837,535,754.47, a 7.37% increase from CNY 5,436,627,872.44 at the end of 2021[24]. - The net assets attributable to shareholders at the end of 2022 were CNY 3,197,316,266.28, reflecting a 2.80% increase from CNY 3,110,244,356.73 at the end of 2021[24]. - The basic earnings per share for 2022 was 0.1034 RMB, a slight increase of 0.19% from 0.1032 RMB in 2021[25]. - The weighted average return on equity decreased to 2.2995%, down 0.06 percentage points from 2.3607% in 2021[25]. - The company reported a significant drop in net profit after deducting non-recurring gains, which fell by 52.02% to 0.0320 RMB per share[25]. - The company achieved operating revenue of 3.33 billion RMB, an increase of 6.54% year-on-year[48]. - Operating profit rose to 144 million RMB, reflecting a significant increase of 54.99% compared to the previous year[48]. - The company reported a consolidated net profit of CNY 80,801,152.42 for the year 2022, with a net profit attributable to the parent company of CNY 73,159,660.66[139]. Dividends and Shareholder Returns - The proposed cash dividend for 2022 is CNY 0.50 per 10 shares, totaling CNY 35,658,324.00, which accounts for 48.74% of the net profit attributable to shareholders[6]. - The board has approved a dividend payout of 0.5 RMB per share, reflecting confidence in the company's financial health[118]. - The company has established a clear cash dividend policy in accordance with regulatory guidelines, ensuring transparency and adherence to shareholder interests[139]. Operational Developments - The company successfully completed the acceptance of its intelligent manufacturing factory project, significantly improving the digitalization and automation of the sewing equipment production process[33]. - The company expanded its product offerings in emerging industries, achieving rapid advancements in digital product applications in automotive and environmental sectors[34]. - The company implemented a centralized management structure after relocating its headquarters to Shanghai, enhancing internal control and cost management[36]. - The company initiated an employee stock ownership plan to improve governance and enhance employee cohesion and creativity[37]. - The company is expanding its global presence through acquisitions and restructuring, enhancing its international operational capabilities[42]. - The company plans to deepen its global industrial layout by building shared factories worldwide, enhancing its participation in the automotive industry, and expanding high-end equipment sales in the aviation sector[104]. Research and Development - The company maintained a strong focus on R&D, with R&D expenses amounting to 115 million RMB, a slight increase of 2.01% year-on-year[49]. - The company is investing 100 million RMB in R&D for new technologies aimed at enhancing product efficiency[118]. - The number of R&D personnel accounted for 8% of the total workforce, with a significant portion holding master's degrees[64]. - The proportion of capitalized R&D investment was 13.98% of total R&D expenses[62]. Market and Industry Trends - The automotive industry, a major customer sector, saw production and sales of 27.02 million and 26.86 million vehicles, respectively, with year-on-year growth of 3.4% and 2.1%[39]. - The apparel industry, another key customer sector, experienced a decline in industrial added value by 1.9% year-on-year, with garment production down by 3.36%[40]. - The company faces significant industry and market risks due to high competition and reliance on downstream textile and leather industries, which are sensitive to macroeconomic conditions[107]. - Fluctuations in raw material prices pose a risk to the company's product costs, potentially impacting gross and net profit levels[108]. Environmental and Social Responsibility - The company has integrated green low-carbon practices into its production processes, focusing on energy consumption reduction and resource recycling[154]. - The company has received environmental management system certification in July 2022, reflecting its commitment to environmental protection[155]. - The company donated CNY 220,000 to charitable organizations, including CNY 200,000 to the Shanghai Charity Foundation and CNY 20,000 to the Tianjin Baodi Charity Association[163]. - The company is actively involved in community development and support initiatives, promoting cultural activities related to fabric arts[164]. Governance and Management - The company has a well-structured governance framework that complies with relevant laws and regulations, ensuring effective decision-making and operational coordination[112]. - The company has maintained compliance with regulatory requirements, with no recent penalties from securities regulatory agencies[125]. - The total remuneration for the chairman was 1.2971 million RMB for the reporting period, with no changes in shareholding[116]. - The company has a diverse board with members involved in various industries and organizations[121][122]. Financial Management - Financial expenses increased by 35.88% year-on-year to 29.11 million RMB, mainly due to higher interest expenses and reduced foreign exchange gains[50]. - The company reported a significant increase in asset disposal income, which rose by 323.35% year-on-year to 53.15 million RMB, attributed to gains from property relocation[50]. - The company has entrusted a total of 55,000 million RMB for cash asset management, with 190,000 million RMB in unexpired balances[182]. - The annualized return on entrusted financial management ranged from 2.10% to 3.20% across various financial products[182]. Shareholder Structure - The total number of shares after the recent changes is 713,166,480, with 76.93% being unrestricted circulating shares[187]. - The largest shareholder, Shanghai Xinghe Investment Co., held 30,000,000 limited sale shares, which were released on March 8, 2022[191]. - The company does not have a controlling shareholder or actual controller, as the largest shareholders have relatively low and close shareholding ratios[199]. - The total number of ordinary shareholders increased to 49,192 by the end of the reporting period, up from 48,520 previously[193].

证券代码：600843 900924 证券简称：上工申贝 上工 B 股 公告编号：2023-021 上工申贝（集团）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： 会议召开时间：2023 年 05 月 11 日(星期四) 下午 16:00-17:00 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 05 月 04 日(星期四)至 05 月 10 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 （600843@sgsbgroup.com）进行提问。公司将在说明会上对投资者普遍关注的问 题进行回答。 上工申贝（集团）股份有限公司（以下简称"公司"）已于 2023 年 4 月 29 日发布公司 2022 年年度报告，为便于广大 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥824,100,789.71, representing a year-over-year increase of 9.15%[3] - Net profit attributable to shareholders for the same period was ¥27,896,779.55, a significant increase of 309.90% compared to the previous year[3] - The net profit after deducting non-recurring gains and losses reached ¥25,897,735.02, up 522.91% year-over-year[3] - Net profit for the third quarter of 2022 was ¥106,124,176.25, up from ¥101,672,983.55 in the same quarter of 2021, reflecting a growth of approximately 4.5%[17] - The net profit attributable to the parent company for Q3 2022 was ¥89,015,830.35, compared to ¥87,275,362.42 in Q3 2021, reflecting a slight increase[18] - The total comprehensive income for Q3 2022 was ¥99,443,333.55, up from ¥67,068,395.93 in Q3 2021, indicating a significant growth[18] Earnings and Returns - The weighted average return on net assets was 0.8734%, an increase of 0.72 percentage points compared to the previous year[3] - The basic earnings per share for Q3 2022 was ¥0.0394, up 439.73% year-over-year[3] - The basic and diluted earnings per share for Q3 2022 were both ¥0.1258, down from ¥0.1555 in Q3 2021, showing a decrease of approximately 19.5%[18] Assets and Liabilities - The total assets as of the end of Q3 2022 amounted to ¥5,714,894,611.04, reflecting a 5.12% increase from the end of the previous year[4] - Current assets totaled ¥3,649,173,690.14 as of September 30, 2022, compared to ¥3,452,316,806.12 at the end of 2021, marking an increase of approximately 5.7%[12] - Current liabilities increased to ¥1,837,471,352.70 from ¥1,686,763,549.25, representing a rise of about 8.9%[14] - The total equity as of September 30, 2022, was ¥3,403,900,890.56, an increase from ¥3,332,154,963.58 at the end of 2021, representing a growth of about 2.1%[14] Cash Flow - The net cash flow from operating activities was ¥10,197,126.51, showing a decline of 86.49% compared to the same period last year[3] - The net cash flow from operating activities for the first three quarters of 2022 was -¥112,727,464.66, compared to -¥35,145,181.77 in the same period of 2021, indicating a worsening cash flow situation[20] - The company reported a decrease in cash flow from operating activities, with total cash outflow amounting to ¥2,551,666,452.42 for the first three quarters of 2022, compared to ¥2,504,912,139.90 in the same period of 2021[20] - Cash inflow from investment activities for the first three quarters of 2022 was ¥1,110,912,622.28, significantly higher than ¥422,750,842.24 in the same period of 2021[21] - The net cash flow from financing activities for the first three quarters of 2022 was ¥48,570,305.53, a decrease from ¥934,008,124.39 in the same period of 2021[21] - The total cash and cash equivalents at the end of Q3 2022 were ¥630,287,136.83, down from ¥767,173,139.33 at the end of Q3 2021[21] Shareholder Information - The company reported a total of 49,421 common shareholders at the end of the reporting period[8] - The top three shareholders held a combined 18.99% of the total shares, with Shanghai Pukefei Investment Co., Ltd. holding 8.41%[8] Expenses - Total operating costs for the first three quarters of 2022 were ¥2,237,030,706.76, compared to ¥2,165,244,692.34 in 2021, indicating an increase of about 3.3%[16] - Research and development expenses for the third quarter of 2022 were ¥80,575,206.00, compared to ¥80,851,217.45 in the same quarter of 2021, showing a slight decrease of about 0.3%[17] - The company reported a decrease in financial expenses from ¥17,777,451.96 in Q3 2021 to ¥10,550,210.52 in Q3 2022, reflecting a reduction of approximately 40.7%[17] Investment and Exchange Gains - The company experienced an increase in investment income and exchange gains, contributing to the significant rise in net profit[6] - The company received cash from the recovery of investments amounting to ¥1,100,752,754.87 in the first three quarters of 2022, compared to ¥347,478,018.91 in the same period of 2021, indicating improved investment recovery[21] - The company experienced a negative impact of -¥2,634,249.19 from exchange rate fluctuations on cash and cash equivalents during the reporting period[21]

Financial Performance - In 2021, the company achieved a consolidated net profit of ¥83,060,248.64, with a net profit attributable to shareholders of ¥61,677,084.30, representing a decrease of 26.98% compared to 2020[5]. - The company's operating revenue for 2021 was ¥3,124,521,536.79, reflecting a year-on-year increase of 1.95%[22]. - The net cash flow from operating activities decreased significantly by 76.28% to ¥75,891,883.26 in 2021 compared to the previous year[22]. - The company reported a net profit excluding non-recurring gains and losses of ¥39,858,311.61, down 15.88% from the previous year[22]. - The company’s weighted average return on net assets decreased by 1.27 percentage points to 2.36%[24]. - The company reported a significant decrease in net cash flow from operating activities, down 76.28% to ¥75,891,883.26[60]. - The company’s financial performance indicates a focus on asset restructuring and strategic divestitures to enhance operational efficiency[93]. Assets and Investments - The total assets of the company at the end of 2021 were ¥5,436,627,872.44, an increase of 16.25% from the end of 2020[22]. - The net assets attributable to shareholders increased by 32.43% to ¥3,110,244,356.73 at the end of 2021[22]. - The long-term equity investment increased by 102.64% to ¥576,391,986.62 compared to the previous year[81]. - The company completed a non-public offering of 164,576,880 shares at a price of 4.95 RMB per share, raising approximately 797 million RMB for future projects[31]. - The company reported a significant increase in contract assets by 187.08% to ¥18,732,645.90 compared to the previous year[81]. - The company has ongoing investments in various projects, including a special sewing equipment manufacturing project with an investment of 39,500,000 yuan, currently under construction[91]. Market and Sales - The company expanded its market presence by developing sales channels in Southeast Asia, South America, Africa, and the South Pacific[32]. - The total import and export trade volume of sewing machinery products in 2021 reached $4.108 billion, a year-on-year increase of 23.16%[46]. - The export value of sewing machinery products in 2021 was $3.145 billion, a year-on-year increase of 33.12%, marking a historical high for the industry[48]. - Domestic sales of sewing equipment increased by approximately 73.65% in 2021, with industrial sewing equipment domestic sales estimated at 360,000 units, a year-on-year growth of 57.2%[44]. - The company is actively pursuing market expansion through new technology development and strategic partnerships in the digital technology sector[90]. Research and Development - The company’s R&D expenses amounted to 112.72 million RMB, a decrease of 8.77% from the previous year[60]. - The number of R&D personnel is 255, accounting for 7.6% of the total workforce[74]. - Research and development investments increased by 30%, totaling 150 million RMB, aimed at enhancing product technology and efficiency[119]. - The company is investing in R&D, allocating 5% of its revenue towards developing new technologies and improving existing products[117]. Corporate Governance - The board of directors confirmed that all members attended the meeting and ensured the accuracy and completeness of the annual report[4]. - The company has maintained a governance structure that complies with relevant laws and regulations, ensuring effective decision-making and protecting investor interests[111]. - The total pre-tax remuneration for key executives during the reporting period amounted to CNY 591.65 million, with no changes in shareholdings for the majority of directors and executives[116]. - The company held five board meetings in the year, with one in-person meeting and four conducted via communication methods[126]. Social Responsibility - The company donated 200,000 RMB to the Shanghai Charity Foundation Pudong Branch in 2021[155]. - The company provided 15 Butterfly brand smart sewing machines to the residents of Pangda Village in Tibet to support local economic development[155]. - The company actively participated in community service activities, including blood donation and volunteer services in Shanghai[154]. - The company has maintained a commitment to social responsibility and has not engaged in activities detrimental to social or environmental interests[154]. Future Outlook - The company expects a revenue decline of 15%-20% in 2022, returning to levels between 2018-2019 due to weakened market demand and high base effects from 2021[97]. - The company aims to achieve a revenue target of 3.46 billion yuan and a net profit of 100 million yuan in 2022, with a basic earnings per share of 0.18 yuan[106]. - The company plans to launch its first flagship "Butterfly Shared Factory" in 2022 to empower the shoe and clothing industry through digital and intelligent solutions[102]. - The company anticipates a gradual recovery in demand for mid-to-high-end sewing equipment as investment in the garment industry shows signs of recovery, with manufacturing investment up 20.9% year-on-year in early 2022[101].

Financial Performance - Net profit attributable to shareholders decreased by 28.75% to CNY 135,016,264.17 year-on-year[7] - Operating revenue for the first nine months rose by 0.85% to CNY 2,293,045,481.42 compared to the same period last year[7] - The weighted average return on equity decreased by 3.32 percentage points to 6.1018%[7] - Basic earnings per share fell by 28.75% to CNY 0.2461[7] - The company reported a decrease in net profit due to non-recurring losses, impacting overall financial performance[7] - Year-to-date net profit for the first nine months of 2018 was ¥145,129,228.03, down 29.6% from ¥206,312,771.91 in the same period last year[30] - Net profit for Q3 2018 was ¥32,843,298.85, a decrease of 51.3% compared to ¥67,468,145.03 in Q3 2017[30] - Operating profit for Q3 2018 was ¥20,042,786.46, down 35% from ¥30,891,078.44 in Q3 2017[34] Assets and Liabilities - Total assets increased by 10.65% to CNY 4,098,067,007.60 compared to the end of the previous year[7] - The company's other receivables increased by 134.73% to CNY 138,413,290.36 compared to the previous year-end[10] - Inventory rose by 32.16% to CNY 931,932,914.76, primarily due to the consolidation of Tianjin Baoying Computer Machinery Co., Ltd[11] - The construction in progress surged by 281.73% to CNY 48,347,457.69, attributed to new projects initiated during the period[11] - Intangible assets increased by 43.97% to CNY 215,934,647.89, mainly from the consolidation of Tianjin Baoying and additional land use rights[11] - Goodwill rose by 138.87% to CNY 173,137,522.38, resulting from the premium acquisition of 65% equity in Tianjin Baoying[11] - Short-term borrowings increased by 34.53% to CNY 444,484,428.62, reflecting the consolidation of Tianjin Baoying and new bank loans[11] - Total liabilities increased to ¥1,594.85 million from ¥1,247.08 million, a rise of 28.0%[22] - Short-term borrowings increased to ¥444.48 million from ¥330.39 million, an increase of 34.5%[22] Cash Flow - Net cash flow from operating activities for the year-to-date was negative at CNY -35,104,384.74, compared to CNY -1,079,055.25 in the previous year[7] - The net cash flow from operating activities decreased significantly by 3,153.25% to CNY -35,104,384.74 compared to the same period last year[16] - The company recorded a decrease in sales expenses to ¥8,596,385.75 in Q3 2018 from ¥9,842,856.94 in Q3 2017[33] - Cash inflow from operating activities for the first nine months of 2018 was ¥2,438,318,625.91, slightly up from ¥2,404,378,735.99 in the same period of 2017[37] - Operating cash flow for the year-to-date period (January to September) was negative at -35,104,384.74 RMB, compared to -1,079,055.25 RMB in the same period last year[38] - Net cash flow from financing activities improved by 224.31% to CNY 50,494,434.61, driven by increased bank borrowings[16] - The total cash and cash equivalents at the end of the period was 525,015,191.63 RMB, down from 694,923,122.45 RMB year-on-year[38] Shareholder Information - The total number of shareholders reached 55,984 by the end of the reporting period[9] - The largest shareholder, Shanghai Pukefei Investment Co., Ltd., holds 10.94% of the shares, amounting to 60,000,000 shares[9] - Total equity attributable to shareholders rose to ¥2,222.96 million from ¥2,145.21 million, an increase of 3.6%[23] Research and Development - Research and development expenses for Q3 2018 were ¥23,564,063.43, slightly up from ¥22,852,885.76 in Q3 2017, indicating a focus on innovation[29] - Research and development expenses increased to ¥71,103.67 in Q3 2018 from ¥16,997.91 in Q3 2017, indicating a focus on innovation[33] Revenue and Costs - Total operating revenue for Q3 2018 reached ¥798,251,068.15, an increase of 7.7% compared to ¥741,145,533.86 in Q3 2017[29] - Total operating costs for Q3 2018 were ¥745,017,634.81, up 7.6% from ¥692,071,759.47 in Q3 2017[29] - Year-to-date operating revenue for the first nine months of 2018 was ¥2,293,045,481.42, slightly up from ¥2,273,708,134.98 in the same period last year, reflecting a growth of 0.8%[29] - The company's operating revenue for Q3 2018 reached ¥106,005,904.04, a 34% increase from ¥79,124,223.37 in Q3 2017[33] - Year-to-date revenue from January to September 2018 was ¥290,818,409.30, compared to ¥125,510,019.46 for the same period in 2017, marking a 132% increase[33]

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 1,494,794,413.27, a decrease of 2.46% compared to CNY 1,532,562,601.12 in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2018 was CNY 100,161,346.50, down 20.49% from CNY 125,980,892.71 year-on-year[17]. - The net profit after deducting non-recurring gains and losses was CNY 89,370,615.19, a decline of 21.11% compared to CNY 113,282,323.52 in the previous year[17]. - Basic earnings per share for the first half of 2018 were CNY 0.1826, a decrease of 20.47% from CNY 0.2296 in the same period last year[18]. - The weighted average return on equity decreased by 1.80 percentage points to 4.5625% compared to 6.3648% in the previous year[18]. - The gross profit margin for the company was 17.87%, a decrease of 0.89% year-on-year[25]. - The gross margin for the sewing equipment segment was 38.56%, a decrease of 1.28 percentage points compared to the previous year[45]. - The company reported a significant decrease in prepayments, down 61.01% to CNY 25,109,489.12, due to the transfer of land acquisition payments to intangible assets[52]. - The company reported a decrease in capital reserve to CNY 966,167,899.33 from CNY 972,000,595.56, a reduction of about 0.61%[99]. - The company experienced a significant reduction in retained earnings, which decreased by CNY 100,161,346.50 during the reporting period[122]. Assets and Liabilities - The company's total assets increased by 3.27% to CNY 3,824,540,859.31 at the end of the reporting period, compared to CNY 3,703,515,071.60 at the end of the previous year[17]. - The net assets attributable to shareholders rose by 3.21% to CNY 2,214,142,646.86, up from CNY 2,145,214,676.69 at the end of the previous year[17]. - The company's overseas assets amounted to 2.038 billion RMB, accounting for 53.3% of total assets, primarily from previous overseas investments and acquisitions[26]. - Total liabilities increased to CNY 1,289,262,107.03 from CNY 1,247,083,611.46, showing a rise of approximately 3.39%[99]. - Owner's equity rose to CNY 2,535,278,752.28 from CNY 2,456,431,460.14, marking an increase of about 3.21%[99]. - The total equity attributable to the parent company at the end of the period is CNY 2,535,278,752.28, an increase from CNY 2,208,333,950.06 at the end of the previous period, representing a growth of approximately 14.8%[124]. Cash Flow - The company reported a net cash flow from operating activities of -CNY 57,703,154.75, compared to -CNY 59,790,323.47 in the same period last year[17]. - Cash inflows from operating activities totaled CNY 1,513,544,900.45, a decrease of about 5.6% from CNY 1,603,932,026.74 in the prior period[114]. - Cash outflows from operating activities were CNY 1,571,248,055.20, down from CNY 1,663,722,350.21, representing a reduction of approximately 5.5%[114]. - The net cash flow from financing activities was CNY 53,164,117.81, a significant improvement from CNY -20,766,385.53 in the same period last year[115]. - The ending cash and cash equivalents balance was CNY 625,219,186.80, down from CNY 649,036,645.55, reflecting a decrease of about 3.7%[115]. Investments and Acquisitions - The company completed the acquisition of 65% of Tianjin Baoying, enhancing its capabilities in high-end special sewing equipment and expanding its product offerings[34]. - The company has agreed to increase its investment in German STOLL Company, acquiring a 26% minority stake, with a dispute over the valuation of this stake amounting to a difference of approximately EUR 4.26 million[67][68]. - The company is actively developing the QONDAC Industrial 4.0 system and third-generation M-Type medium-thick fabric machines to improve automation and competitiveness[36]. - The company is expanding its production capabilities with new manufacturing bases in Germany and Romania, aimed at enhancing automation and smart product development[36]. Research and Development - Research and development expenses increased by 22.20% to ¥50,906,101.66, reflecting the company's commitment to innovation and product development[38]. - The company is leveraging its strong R&D capabilities, focusing on the application of Industry 4.0 technologies in sewing equipment[27]. - The company has established three sewing machine R&D and production bases in China and five in Europe, enhancing its global resource integration capabilities[30]. Market and Industry Context - The total industrial output value of the sewing machinery industry in China reached 10.126 billion RMB, with production of 3.4175 million units, representing year-on-year growth of 23.87% and 21.70% respectively[25]. - The company has been recognized as one of the "Top 30 Enterprises in China's Light Industry Equipment Manufacturing" and "Top 10 Enterprises in China's Sewing Machinery Industry" for 2017[32]. - The company has established sales offices in Southeast Asia and South Asia, achieving good operational results and gradually recovering market share in South America and Africa[35]. Shareholder Information - As of the end of the reporting period, the total number of ordinary shareholders was 56,562, with 29,705 A-share shareholders and 26,857 B-share shareholders[83]. - The top three shareholders held the following percentages: Shanghai Pukefei Investment Co., Ltd. at 11.08%, Shanghai State-owned Assets Supervision and Administration Commission at 8.27%, and China Great Wall Asset Management Co., Ltd. at 4.05%[85]. - The company did not distribute profits or increase capital reserves during the reporting period[4]. Accounting and Compliance - The financial statements have been approved by the company's board of directors on August 29, 2018[135]. - The company has not reported any environmental violations or penalties during the reporting period[78]. - The company has not disclosed any new strategies or major events beyond those mentioned in the report[79]. - The company has not reported any changes in the controlling shareholder or actual controller during the reporting period[87]. Risk Factors - The company faced risks related to industry competition, currency fluctuations, and challenges in cross-border operations[62].

Financial Performance - Net profit attributable to shareholders was CNY 45,491,262.77, down 24.65% year-on-year[5] - Operating revenue for the period was CNY 701,350,250.94, a decline of 3.38% compared to the same period last year[5] - The weighted average return on equity decreased by 1.00 percentage points to 2.0983%[5] - Total operating revenue for Q1 2018 was CNY 701,350,250.94, a decrease of 3.7% from CNY 725,887,035.25 in the same period last year[26] - Net profit for Q1 2018 was CNY 50,529,695.46, a decline of 22% compared to CNY 64,790,765.24 in Q1 2017[26] - The net profit attributable to shareholders of the parent company was CNY 45,491,262.77, down 24.6% from CNY 60,369,659.24 in the previous year[27] - Basic and diluted earnings per share for Q1 2018 were CNY 0.0829, compared to CNY 0.1100 in Q1 2017[27] - The total profit for the first quarter of 2018 was CNY 16,283,338.26, an increase of 55.1% compared to CNY 10,493,127.50 in the same period last year[30] - Operating profit for the same period was CNY 13,652,872.49, up 28.5% from CNY 10,664,944.78 year-over-year[30] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 21,967,006.01, an improvement from a net outflow of CNY 41,055,836.13 in the previous year[5] - The net cash flow from operating activities improved by 46.49%, increasing from -41,055,836.13 RMB to -21,967,006.01 RMB[16] - Net cash flow from operating activities was negative CNY 21,967,006.01, an improvement from negative CNY 41,055,836.13 in the previous year[31] - Cash flow from financing activities was negative CNY 33,625,542.16, worsening from negative CNY 12,279,720.78 in the previous year[33] - The company paid CNY 49,325,542.16 in financing cash outflows, down from CNY 121,259,808.26 in the previous year[33] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,701,595,144.35, a decrease of 0.05% compared to the end of the previous year[5] - The total assets as of March 31, 2018, were 3,701,595,144.35 RMB, slightly down from 3,703,515,071.60 RMB at the beginning of the year[20] - The total liabilities decreased from 1,247,083,611.46 RMB to 1,207,309,124.65 RMB, indicating a reduction in financial obligations[20] - Total liabilities decreased to CNY 287,542,700.96 from CNY 307,981,828.81 at the beginning of the year, a reduction of 6.6%[23] - The company's cash and cash equivalents decreased from 723,337,878.53 RMB to 670,819,824.74 RMB, a decline of approximately 7.25%[18] - The company's retained earnings rose from 692,241,691.51 RMB to 737,732,954.28 RMB, an increase of approximately 6.56%[20] - The non-current assets totaled 1,268,413,812.87 RMB, up from 1,259,045,410.92 RMB, indicating a growth of about 0.74%[19] Shareholder Information - The total number of shareholders reached 60,452, with 33,278 holding A shares and 27,174 holding B shares[9] - The company’s major shareholder, Shanghai Pukefei Investment Co., Ltd., holds 11.08% of the shares, with 60,000,000 shares pledged[8] Other Income and Expenses - Financial expenses surged by 377.23% to CNY 10,666,484.29 compared to the previous year[13] - Other income amounted to CNY 1,601,444.88, marking a new revenue stream for the company[13] - The company reported an investment income of CNY 9,439,945.16, an increase from CNY 8,061,871.52 in the previous year[26] - Other comprehensive income after tax for Q1 2018 was CNY -7,403,009.02, compared to CNY 5,963,383.08 in Q1 2017[27] - The company reported a decrease in other comprehensive income, with a net amount of negative CNY 40,931.76 compared to positive CNY 923,645.60 in the previous year[30] Inventory and Receivables - The inventory increased from 705,141,821.59 RMB to 770,796,252.27 RMB, reflecting a growth of about 9.28%[18] - The accounts receivable slightly increased from 464,759,380.20 RMB to 467,232,173.47 RMB, showing a marginal growth of 0.53%[18]

Financial Performance - The company achieved a consolidated net profit of RMB 212,652,989.02 for the year 2017, with a net profit attributable to shareholders of RMB 197,487,226.27, representing a 36.92% increase compared to 2016[4]. - Operating revenue for 2017 was RMB 3,064,971,500.79, marking an 11.06% increase from RMB 2,759,855,136.98 in 2016[21]. - The company's net assets attributable to shareholders increased by 11.94% to RMB 2,145,214,676.69 at the end of 2017, compared to RMB 1,916,349,381.88 at the end of 2016[22]. - Basic earnings per share for 2017 were RMB 0.3600, a 36.93% increase from RMB 0.2629 in 2016[23]. - The company did not distribute profits for 2017 due to negative distributable profits of RMB -143,892,809.85[4]. - Cash flow from operating activities for 2017 was RMB 117,335,869.17, an increase of 18.45% from RMB 99,056,912.42 in 2016[21]. - Total assets at the end of 2017 were RMB 3,703,515,071.60, reflecting a 5.63% increase from RMB 3,506,172,981.71 at the end of 2016[22]. - The weighted average return on equity increased to 9.8004% in 2017, up from 7.8098% in 2016, indicating improved profitability[23]. - The company reported a net cash flow from operating activities of approximately RMB 118 million in Q4 2017, showing a significant recovery from previous quarters[25]. - The company achieved a gross profit margin of 16.78% in 2017, an increase of 5.22% year-on-year[33]. Market and Growth Strategies - The company plans to focus on future growth strategies, although specific commitments were not made in the forward-looking statements[5]. - The company has established a global marketing network and service channels, enhancing its international business presence[38]. - The company has been actively pursuing overseas acquisitions since 2005, increasing the proportion of its international business[38]. - The company aims to deepen mixed ownership reform and enhance efficiency through strategic acquisitions and mergers, including a mandatory merger with approximately 6% of DA company's shareholders[80]. - The company plans to explore acquisitions in programmable technology areas such as jacquard machines and embroidery machines, as well as in the rapidly growing aerospace industry in China[81]. - The company will implement a multi-brand strategy to increase market share and brand influence, with a focus on establishing sales companies in Russia, India, Bangladesh, and Brazil[82]. - The company intends to maintain its technological leadership by promoting the integration of manufacturing between China and Germany, and by developing new products such as the QONDAC system and various sewing machines[84]. - The company is actively managing its investment portfolio to optimize returns while mitigating risks through diversified financial products[117]. Research and Development - The company has a strong R&D capability, with ongoing projects in industrial 4.0 applications for sewing equipment[36]. - The company increased its R&D investment, focusing on automation, modularization, and intelligence, leading to the development of several new products[41]. - Research and development expenditure totaled RMB 100.31 million, representing 3.27% of operating revenue, with 16.01% of R&D costs capitalized[64]. - The company is investing heavily in R&D for new technologies, with a budget allocation of 12,645 million aimed at enhancing product offerings[145]. - Research and development investments increased by 30%, totaling 300 million RMB, focusing on advanced manufacturing technologies[146]. Operational Efficiency and Internal Control - The company continues to optimize its internal control system and improve operational efficiency through regular audits and budget management[47]. - The company has not reported any significant deficiencies in internal controls during the reporting period[175]. - The internal control audit report issued by the accounting firm confirmed the effectiveness of the company's financial reporting internal controls, with a standard unqualified opinion[175]. - The company has implemented a strict insider information management system, with no reported insider trading incidents during the reporting period[169]. Shareholder and Governance Structure - The total number of ordinary shareholders at the end of the reporting period is 62,078, an increase from 60,452 in the previous month[130]. - The largest shareholder, Shanghai Pukefei Investment Co., Ltd., holds 60,789,457 shares, accounting for 11.08% of the total shares[132]. - The company has no controlling shareholder or actual controller, as no single shareholder holds more than 30% of the shares[134]. - The board of directors consists of 9 members, including 3 independent directors, meeting the legal requirement of at least one-third independence[167]. - The company has established a governance structure that ensures clear responsibilities and effective checks and balances, complying with relevant laws and regulations[166]. Social Responsibility and Environmental Compliance - The company actively participates in social responsibility initiatives, including charitable donations and volunteer activities[123]. - The company strictly adheres to environmental protection laws and has not faced any administrative penalties for violations during the reporting period[124]. - The company has implemented strict environmental operational standards and measures to manage pollution sources[124]. Financial Management and Investments - The company has committed to cash management by investing up to CNY 1.1 billion of temporarily idle raised funds and up to CNY 2.22 billion of temporarily idle self-owned funds in bank principal-protected financial products[116]. - The company has engaged in structured deposits amounting to CNY 11,000 million from idle raised funds and CNY 22,200 million from idle self-owned funds, with no overdue amounts[115]. - The company has a focus on capital preservation in its wealth management strategies, as indicated by the various principal-protected products[117]. - The company has multiple wealth management products with varying investment amounts and returns, indicating a diversified investment strategy[117]. Future Outlook - The management highlighted a future outlook with a projected revenue increase of 20% for the next fiscal year, driven by new product launches and market expansion strategies[145]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 1.65 billion RMB[146]. - The management expressed confidence in achieving the set performance targets and maintaining a strong financial position[146].

Financial Performance - Revenue for the first nine months reached CNY 2,273,708,134.98, reflecting an 11.13% increase year-on-year [5]. - Net profit attributable to shareholders rose by 20.47% to CNY 189,490,881.32 for the first nine months [5]. - Basic earnings per share improved by 20.47% to CNY 0.3454 [5]. - Total revenue for the third quarter reached ¥741,145,533.86, an increase of 7.9% compared to ¥686,647,873.41 in the same period last year [28]. - Year-to-date revenue for the first nine months was ¥2,273,708,134.98, up from ¥2,045,990,402.86, reflecting a growth of 11.1% [28]. - Net profit attributable to shareholders of the parent company for Q3 2017 was CNY 63,509,988.61, up 13.5% from CNY 56,125,040.93 in Q3 2016 [30]. - The total comprehensive income for Q3 2017 was CNY 77,422,169.76, compared to CNY 75,597,017.75 in Q3 2016, showing a stable performance [30]. - Total comprehensive income for the period reached CNY 31,510,552.41, compared to CNY 19,223,689.16 in the same period last year, reflecting a significant increase [36]. Cash Flow - The company reported a cash flow from operating activities of -CNY 1,079,055.25, indicating a significant change from the previous year's positive cash flow [5]. - The net cash flow from operating activities decreased significantly by 1,109.23% to -¥1,079,055.25 due to increased tax payments and decreased tax refunds [14]. - Cash inflows from operating activities totaled CNY 2,404,378,735.99, up from CNY 2,210,519,088.70 year-on-year, indicating a growth of approximately 8.8% [36]. - The net cash flow from operating activities was negative at CNY -1,079,055.25, a decline from a positive CNY 106,918.53 in the previous year [36]. - Cash outflows for investing activities amounted to CNY 911,349,082.50, compared to CNY 977,790,590.01 in the same period last year, showing a decrease of about 6.8% [36]. - The net cash flow from investing activities was CNY -35,282,866.53, an improvement from CNY -211,472,584.45 year-on-year [36]. - Cash inflows from financing activities were CNY 400,673,817.30, an increase from CNY 302,343,071.36 in the previous year, representing a growth of approximately 32.5% [37]. - The net cash flow from financing activities was CNY -40,620,726.88, compared to a positive CNY 80,858,191.60 in the same period last year [37]. - The ending cash and cash equivalents balance was CNY 694,923,122.45, up from CNY 636,430,331.46 year-on-year [37]. Assets and Liabilities - Total assets increased by 5.03% to CNY 3,682,506,946.66 compared to the end of the previous year [5]. - Non-current assets totaled ¥1,241,933,181.72, an increase from ¥1,168,639,731.33 at the beginning of the year, representing a growth of 6.2% [22]. - Total liabilities decreased to ¥1,226,539,959.69 from ¥1,297,839,031.65, a reduction of 5.5% [22]. - The company's cash and cash equivalents rose to ¥202,946,286.13 from ¥119,210,234.41, an increase of 70.4% [24]. - Accounts receivable increased significantly to ¥39,331,936.45 from ¥3,401,851.42, reflecting a growth of 1,053.5% [25]. - Inventory levels surged to ¥98,337,038.92 from ¥2,329,420.55, indicating a substantial increase of 4,126.5% [25]. - The company's goodwill rose to ¥72,677,119.84 from ¥67,878,923.12, an increase of 11.5% [22]. - Deferred tax assets increased to ¥64,023,556.37 from ¥59,063,549.91, reflecting an increase of 8.3% [22]. Shareholder Information - The total number of shareholders reached 64,161, with 36,655 holding A shares and 27,506 holding B shares [8]. - The top shareholder, Shanghai Pukefei Investment Co., Ltd., holds 11.08% of shares, amounting to 60,789,457 shares [8]. Government and Legal Matters - The company received government subsidies totaling CNY 3,170,570.33 during the reporting period, which are closely related to its normal business operations [7]. - The company is involved in a legal dispute regarding shareholder qualification, but it is not expected to adversely affect its operations or profits [16]. Operational Changes - The company's construction in progress increased by 84.35% to ¥37,238,005.84 compared to the previous year-end [11]. - The company's undistributed profits rose by 38.30% to ¥684,245,346.56, attributed to current period earnings [11]. - The company is undergoing further integration of its European operations, including restructuring its subsidiary [16]. Financial Management - The company's financial expenses decreased by 119.35% to -¥2,317,307.57, reflecting a significant reduction in interest expenses [14]. - The company's financial expenses decreased significantly to CNY 4,532,468.05 in Q3 2017 from CNY 1,883,567.25 in Q3 2016, indicating improved financial management [29].