证券代码：600980 证券简称：北矿科技 公告编号：2023-014 北矿科技股份有限公司 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 4 月 18 日（星期二）下午 13:00-14:00 投资者可于 2023 年 4 月 11 日（星期二）至 4 月 17 日（星期一）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 bgrimmtec@ bgrimm.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。 三、 参加人员 会议召开地点：上海证券交易所上证路演中心（网址：http://roadshow.sseinf o.com/） 会议召开方式：上证路演中心网络互动 （一） 会议召开时间：2023 年 4 月 18 日 下午 13:00-14:00 （二） 会议召开地点：上证路演中心 （三） 会议召开方式：上证路演中心网络互动 公司董事长盛忠义先生，独立董事马忠先生，董事、总经理卢世杰先生，董 ...

Financial Performance - The net profit attributable to the parent company for 2022 was CNY 83,474,762.28, with the parent company achieving a net profit of CNY 16,660,191.96 after a 10% legal surplus reserve allocation[6]. - The total distributable profit for the parent company as of December 31, 2022, was CNY 17,961,007.54, with a proposed cash dividend of CNY 0.50 per share, resulting in a total cash dividend distribution of CNY 9,463,176.30[6]. - The company's operating revenue for 2022 was CNY 870,212,047.80, representing a 1.64% increase compared to CNY 856,139,853 in 2021[24]. - The cash dividend payout ratio for the year was 11.34%[6]. - The net profit attributable to shareholders decreased by 11.63% compared to the previous year, while the net profit after deducting non-recurring gains and losses decreased by 13.54%[27]. - The basic earnings per share (EPS) for 2022 was CNY 0.4479, a decrease of 15.59% from CNY 0.5306 in 2021[26]. - The diluted EPS also stood at CNY 0.4479, reflecting the same percentage decrease as the basic EPS[26]. - The weighted average return on equity (ROE) decreased by 2.50 percentage points to 7.39% in 2022[26]. - Total assets increased by 23.61% to CNY 1,827,401,950 at the end of 2022, compared to CNY 1,478,339,000 at the end of 2021[27]. - The net assets attributable to shareholders increased by 12.78% to CNY 1,215,969,550 at the end of 2022[27]. - The total profit amounted to 94.78 million yuan, a decrease of 10.28% compared to the previous year[36]. Cash Flow and Investments - The net cash flow from operating activities increased by 120.12% year-on-year, primarily due to an increase in cash received from sales of goods[27]. - The company reported a significant increase in cash flow from investment activities, amounting to CNY 25.64 million, compared to a negative cash flow of CNY 176.86 million in the previous year[71][72]. - The company achieved a net cash flow of 160.65 million yuan, an increase of 12.53 million yuan year-on-year[91]. - The company raised 68 million yuan in supporting funds through the acquisition, effectively supplementing cash flow[41]. Acquisitions and Subsidiaries - The company completed the acquisition of 100% equity in Zhuzhou Torch on July 29, 2022, which is now a wholly-owned subsidiary[26]. - The company completed the acquisition of Zhuzhou Torch, enhancing integration and production efficiency across its manufacturing bases[47]. - Zhuzhou Torch achieved a net profit of CNY 16.14 million in 2022, exceeding the performance commitment of CNY 12.44 million for the year, thus no performance compensation is required[103]. - The company holds a 15% stake in Hunan Zhuyue Torch New Materials Co., which focuses on non-ferrous metal processing, contributing to its diversified business portfolio[108]. Research and Development - The company invested $50 million in R&D for new technologies, focusing on sustainable mining solutions[142]. - R&D expenses totaled 47.35 million yuan, representing 5.44% of operating revenue[86]. - The company has authorized 66 patents in 2022, including 1 international PCT patent and 16 invention patents[88]. - The company is focusing on building a strong technology talent team to boost innovation capabilities and improve research and development infrastructure[122]. Market and Product Development - The company focused on developing high-performance products in magnetic materials, improving product competitiveness and optimizing product structure[39]. - The company aims to enhance resource utilization and efficiency in line with national strategies for energy conservation and carbon reduction[50]. - The magnetic materials industry is undergoing rapid development, with a focus on upgrading technology and optimizing product structures to increase competitiveness[53]. - The company aims to develop new products and technologies in both mining equipment and magnetic materials, enhancing its competitive edge in the international market[114]. Governance and Compliance - The company has established a robust internal control system and has engaged third-party auditors to enhance risk management and operational compliance[132]. - The board of directors consists of 9 members, including 3 independent directors, and held 13 meetings during the reporting period, ensuring effective governance and decision-making[129]. - The company actively engages with investors, ensuring equal access to information and fostering a culture of respect for investor opinions[131]. - The company has implemented measures to avoid any conflicts of interest or competition with the controlling shareholder, ensuring operational independence[133]. Environmental and Social Responsibility - The company invested 4.024 million CNY in environmental protection during the reporting period[190]. - The company has implemented a comprehensive environmental monitoring system, including automatic monitoring for wastewater and air emissions, which is connected to the Anhui Province online monitoring platform[196]. - The company emphasizes green development and integrates energy-saving and environmental protection into its business strategy[200]. - The company has maintained compliance with environmental regulations and has not faced any administrative penalties related to environmental issues[197].

2022 年第三季度报告 证券代码：600980 证券简称：北矿科技 北矿科技股份有限公司 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、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 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 | 归属于上 | | 23,368 | 23,136 | | | | 63,879 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 市公司股 | 12,883,79 | ,320.9 | ,591.9 | -44.31 | 64,606, | 55,542,8 | ,843.4 | 1.14 | | 东的净利 | 4.07 | | ...

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 364,817,285.54, representing an increase of 11.62% compared to CNY 326,846,424.32 in the same period last year[21]. - The net profit attributable to shareholders of the listed company reached CNY 46,533,824.80, a significant increase of 44.63% from CNY 32,174,570.10 year-on-year[21]. - The net cash flow from operating activities increased by 165.16%, amounting to CNY 42,737,364.56, compared to CNY 16,117,813.76 in the previous year[21]. - Basic earnings per share rose to CNY 0.2682, an increase of 38.32% from CNY 0.1939 in the same period last year[22]. - The total profit for the first half of 2022 was CNY 57,479,005.85, an increase of 44.4% from CNY 39,828,610.02 in the first half of 2021[146]. - The company reported investment income of CNY 2,049,123.44, significantly higher than CNY 258,133.24 in the previous year, marking an increase of 694.5%[146]. Assets and Liabilities - The total assets of the company at the end of the reporting period were CNY 1,325,773,870.64, reflecting a growth of 6.10% from CNY 1,249,578,478.32 at the end of the previous year[21]. - The company's total liabilities increased to CNY 346,646,202.89 from CNY 310,303,682.84, indicating a rise of approximately 11.7%[135]. - The company's cash and cash equivalents at the end of the reporting period were CNY 230,427,208.96, compared to CNY 223,356,622.60 at the beginning of the period[134]. - The company's accounts receivable increased to CNY 173,919,940.33 from CNY 150,477,316.34, reflecting a growth of approximately 15.6%[134]. - The company's inventory increased to CNY 307,767,307.48 from CNY 285,578,136.54, representing a growth of about 7.8%[134]. Research and Development - The company has over 180 technical personnel, including 1 academician of the Chinese Academy of Engineering and 8 recipients of the State Council's special allowance[35]. - The company holds more than 300 patents, including 7 PCT international patents, indicating a strong focus on innovation and technology[35]. - The company's R&D expenses increased by 14.13% to CNY 18,834,186.54, up from CNY 16,502,420.61 in the previous year[54]. - The company is focusing on the development of intelligent equipment, integrating AI technology with traditional mining and metallurgy equipment[38]. Market and Business Strategy - The company operates in two main business areas: mining equipment and magnetic materials, utilizing an integrated model of R&D, production, sales, and service[28]. - The company is strategically expanding its international market presence while consolidating its domestic market position, leveraging opportunities from the Belt and Road Initiative[28]. - The company aims to enhance resource utilization and reduce carbon emissions in line with national strategies for carbon neutrality[31]. - The company is actively expanding its market presence, with significant order increases in new energy minerals, phosphate, and potassium salt sectors[45]. Environmental and Social Responsibility - The company emphasizes green development and has integrated energy-saving and environmental protection into its business strategy[87]. - The company has implemented a comprehensive environmental monitoring system, including automatic monitoring for wastewater and emissions[83]. - The company has made donations to support pandemic prevention efforts in targeted poverty alleviation areas[91]. - The company has not faced any environmental pollution incidents or administrative penalties during the reporting period[77]. Corporate Governance and Shareholder Matters - The company held its annual general meeting on May 16, 2022, where all proposed resolutions were approved without any rejections[69]. - The company has no plans for profit distribution or capital reserve conversion for the half-year period, with no dividends or stock bonuses proposed[73]. - The company repurchased and canceled 1,017,670 restricted stocks at a price of 7.01 CNY per share[74]. - The total number of shares decreased from 173,845,794 to 172,828,124 due to the cancellation of 1,017,670 restricted shares[116]. Risk Management - The company faces macroeconomic risks due to the impact of COVID-19 and the Russia-Ukraine conflict, leading to increased inflation risks and challenges in domestic economic growth[62]. - The fluctuation in raw material prices poses a risk to production costs, with a focus on adjusting procurement strategies to mitigate this impact[64]. - The company is closely monitoring currency exchange rate fluctuations to manage risks associated with foreign currency transactions[65]. Acquisitions and Investments - The company completed the acquisition of Zhuzhou Torch, enhancing its technical and product offerings in the mineral resource development industry[46]. - The company is in the process of acquiring 100% equity of Zhuzhou Torch through a combination of share issuance and cash payment, which is classified as a related party transaction[102]. - The company received CNY 336,000,000.00 from investment recoveries, which was not recorded in the previous year[152].

2022 年第一季度报告 证券代码：600980 证券简称：北矿科技 北矿科技股份有限公司 2022 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、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。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比上年同期增减 变动幅度(%) | | | --- | --- | --- | --- | | 营业收入 | 172,792,726.84 | | 13.88 | | 归属于上市公司股东的净利润 | 25,694,331.45 | | 95.16 | | 归属于上市公司股东的扣除非经常性 | 10,721,049.65 | | -13.97 ...

Financial Performance - In 2021, the company's operating revenue reached ¥704,901,080.23, representing a 29.09% increase compared to ¥546,040,482.64 in 2020[24] - The net profit attributable to shareholders was ¥81,869,058.68, a significant increase of 71.03% from ¥47,867,067.84 in the previous year[24] - The net profit after deducting non-recurring gains and losses was ¥65,351,084.75, which is a 114.47% increase from ¥30,470,540.74 in 2020[24] - The net cash flow from operating activities was ¥41,869,129.05, up 120.57% from ¥18,982,345.27 in the previous year[24] - As of the end of 2021, the total assets amounted to ¥1,249,578,478.32, reflecting a 37.51% increase from ¥908,687,432.39 at the end of 2020[24] - The net assets attributable to shareholders increased by 39.64% to ¥934,278,661.62 from ¥669,064,399.60 in 2020[24] - Basic earnings per share increased by 60.02% to CNY 0.4935, while diluted earnings per share remained the same[26] - The weighted average return on equity rose to 10.03%, an increase of 2.63 percentage points from the previous year[26] Dividend and Capital Management - The company plans to distribute a cash dividend of ¥0.48 per 10 shares, totaling approximately ¥8,295,749.95[6] - The company does not plan to increase capital reserves or issue bonus shares in 2021[7] Research and Development - The company received 60 patents in 2021, including 20 invention patents and 1 international PCT patent[33] - Research and development expenses rose by 34.79% to CNY 41.16 million, reflecting increased investment in innovation[60] - The total R&D expenditure was ¥41,164,002.97, representing 5.84% of total revenue, with no capitalized R&D costs[74] - The number of R&D personnel was 110, accounting for 17.92% of the total workforce, with a significant portion holding advanced degrees[75] Market and Product Development - The company is actively expanding its market presence by adjusting sales strategies and enhancing technical services amid challenging global economic conditions[35] - The company has established a smart mining equipment industrial base, with the EPC general contracting project for construction underway[43] - The company is focusing on optimizing its product structure and improving production efficiency through standardization and modularization[42] - The company aims to develop its magnetic materials business into a world-class provider through new product development and technological innovation, while also enhancing its mining equipment business[101] Risk Management - The company has identified potential risks in its future development, which are detailed in the management discussion and analysis section[10] - The company faces multiple risks including market risks from macroeconomic factors, COVID-19, and national policies, which may impact cash flow and operating performance[108] - The company has implemented measures to monitor and reduce accounts receivable risks, including establishing repayment agreements with long-term delinquent customers[109] Governance and Compliance - The company has maintained a robust governance structure, with 9 board meetings held during the reporting period, ensuring compliance with relevant laws and regulations[112] - The company has established an independent financial management system, ensuring no interference from the controlling shareholder in financial decisions[117] - The company has a clear governance structure that complies with legal and regulatory requirements, ensuring effective decision-making processes[118] Environmental Responsibility - The company emphasizes green development and has integrated energy-saving and environmental protection initiatives into its business strategy[179] - The company has established an automatic monitoring system for wastewater and a continuous emission monitoring system for exhaust gases, ensuring compliance with discharge standards[176] - The company is committed to achieving carbon neutrality and peak carbon emissions by developing energy-saving and emission-reduction technologies[181] Strategic Initiatives - The company plans to implement a "14th Five-Year" development plan for 2021-2025, focusing on strategic growth[137] - The company is actively pursuing international market opportunities, leveraging the Belt and Road Initiative to expand its reach[51] - The company is exploring potential acquisitions to diversify its product offerings, with a budget of 300 million yuan allocated for this purpose[125]

Financial Performance - The company's operating revenue for Q3 2021 was ¥168,384,456.78, representing a 14.11% increase compared to the same period last year[6] - The net profit attributable to shareholders for Q3 2021 was ¥23,368,320.96, a significant increase of 71.66% year-on-year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was ¥19,152,527.58, up 65.58% from the previous year[6] - Total operating revenue for the first three quarters of 2021 reached ¥495,230,881.10, a significant increase from ¥401,602,758.27 in the same period of 2020, representing a growth of approximately 23.3%[22] - Net profit for the first three quarters of 2021 was ¥55,318,584.56, up from ¥32,591,698.91 in 2020, reflecting a growth of approximately 69.7%[23] - The company’s total comprehensive income for the first three quarters of 2021 was ¥55,318,584.56, compared to ¥32,591,698.91 in 2020, indicating a growth of about 69.7%[24] Assets and Liabilities - The total assets at the end of Q3 2021 reached ¥1,237,134,218.75, reflecting a 36.15% increase compared to the end of the previous year[7] - As of September 30, 2021, the company's total assets amounted to 1,237,134,218.75 RMB, an increase from 908,687,432.39 RMB at the end of 2020[20] - The company's current assets totaled 964,818,188.09 RMB, up from 644,553,567.31 RMB at the end of 2020, reflecting a growth of approximately 49.6%[18] - The total liabilities of the company were 323,245,389.98 RMB, compared to 232,962,877.95 RMB at the end of 2020, marking an increase of about 38.7%[20] - The total liabilities rose from ¥232,962,877.95 to ¥249,973,112.94, marking an increase of about 7.3%[30] Shareholder Information - The total equity attributable to shareholders at the end of Q3 2021 was ¥907,452,980.43, a 35.63% increase from the end of the previous year[7] - The number of ordinary shareholders at the end of the reporting period was 25,607[12] - The company's equity attributable to shareholders reached 907,452,980.43 RMB, up from 669,064,399.60 RMB, reflecting a growth of approximately 35.6%[20] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥28,628,164.18, showing a 101.78% increase[7] - The net cash flow from operating activities for Q3 2021 was ¥28,628,164.18, an increase of 101.7% compared to ¥14,187,955.54 in Q3 2020[26] - Cash inflow from operating activities for the first three quarters of 2021 totaled ¥405,751,695.32, compared to ¥317,934,508.27 in 2020, representing a growth of approximately 27.6%[25] - The total cash outflow from investing activities was ¥406,116,846.83, significantly higher than ¥5,307,139.04 in the same period last year, resulting in a net cash flow from investing activities of -¥222,680,627.66[26] - The net cash flow from financing activities was ¥174,215,647.37, compared to -¥4,656,296.40 in Q3 2020, indicating a positive shift in financing[26] Expenses - Research and development expenses for the third quarter of 2021 amounted to ¥24,777,441.48, an increase from ¥17,409,684.09 in the same period of 2020, indicating a rise of about 42.5%[22] - The company’s tax expenses for the first three quarters of 2021 were ¥12,207,436.32, compared to ¥8,071,591.41 in 2020, reflecting an increase of approximately 51.5%[23] - The company’s financial expenses showed a net income of -¥2,585,679.23 in the third quarter of 2021, compared to -¥533,537.83 in the same period of 2020, indicating improved financial management[22] Investments and Projects - The company has initiated a project for the construction of an intelligent mining equipment industrial base in Cangzhou, funded by the proceeds from the non-public offering[14] - The winning bid for the EPC contract of the Cangzhou project was awarded to Mining Technology Group Co., Ltd. with a bid amount of 285 million RMB[15] - The company received government subsidies amounting to ¥2,924,914.29 during Q3 2021, contributing to its financial performance[9] Other Financial Metrics - The weighted average return on equity for Q3 2021 was 2.61%, an increase of 0.51 percentage points year-on-year[7] - The basic earnings per share for Q3 2021 was ¥0.1409, up 57.61% compared to the same period last year[7] - Basic and diluted earnings per share for the third quarter of 2021 were both ¥0.3348, compared to ¥0.2156 in the same quarter of 2020, marking an increase of about 55.2%[24] - The company reported a profit before tax of ¥67,526,020.88 for the first three quarters of 2021, compared to ¥40,663,290.32 in 2020, reflecting an increase of approximately 66.2%[23] Changes in Financial Reporting - The company has implemented new leasing standards starting from 2021, which may impact future financial reporting[27]

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥326,846,424.32, representing a 28.66% increase compared to ¥254,045,542.51 in the same period last year[17]. - The net profit attributable to shareholders was ¥32,174,570.10, a significant increase of 67.57% from ¥19,200,398.03 in the previous year[17]. - The net profit after deducting non-recurring gains and losses increased by 100.10%, reaching ¥30,351,036.30 compared to ¥15,167,638.23 in the same period last year[17]. - Basic earnings per share rose to ¥0.1939, up 54.13% from ¥0.1258 in the previous year[18]. - The weighted average return on net assets increased to 4.50%, up 1.48 percentage points from 3.02% in the previous year[18]. - The company's total assets at the end of the reporting period were ¥1,172,726,709.57, a 29.06% increase from ¥908,687,432.39 at the end of the previous year[17]. - The net cash flow from operating activities decreased by 48.43% to ¥16,117,813.76, down from ¥31,256,258.14 in the previous year[17]. Business Segments and Market Strategy - The company operates in two main business areas: mining equipment and magnetic materials, with a focus on R&D, production, sales, and services[24]. - The mining equipment segment has a high domestic market share, serving major mining enterprises and exporting to over 30 countries including Africa, Australia, and Europe[25]. - The magnetic materials segment includes products like sintered permanent ferrite and rare earth magnets, primarily used in electronics and automotive industries, with stable customer bases in East and South China, as well as Europe and the US[26]. - The company aims to leverage opportunities from the "Belt and Road" initiative to expand its international market presence while consolidating its domestic market[24]. - The company is committed to developing intelligent mining equipment, with a goal to enhance resource utilization and reduce production costs through automation by 2025[27]. - The magnetic materials market is expected to grow rapidly in sectors like 5G, IoT, and renewable energy, necessitating further industry upgrades and product optimization[29]. Research and Development - The company focused on technological innovation and new product development, which contributed to the revenue growth during the reporting period[19]. - Research and development expenses surged by 78.08% to ¥16,502,420.61, up from ¥9,266,933.20 in the previous year[48]. - The company has developed a new type of structure permanent magnet strong magnetic separator for pre-selection of weakly magnetic iron ores[37]. - The company successfully launched new products such as BMS-9 and BMS-12 series, with performance improvements recognized by customers[37]. - The company is a leading entity in the development of high-performance ferrite materials and actively participates in setting industry standards[30]. - The focus on R&D and technological innovation will continue to drive the company's strategy to enhance product value and competitiveness in the magnetic materials sector[30]. Financial Governance and Shareholder Information - The company did not distribute profits or increase capital reserves in the first half of 2021, with no dividends or stock bonuses declared[65]. - The company repurchased and canceled 1,067,050 restricted stocks at a price of 7.01 CNY per share in March 2021[67]. - The company completed the repurchase and cancellation of an additional 1,017,670 restricted stocks at the same price of 7.01 CNY per share in June 2021[67]. - The company has committed to maintaining the lock-up period for shares subscribed by its controlling shareholder for 36 months post-issuance, ensuring stability in shareholding[86]. - The company has not faced any significant integrity issues, with no unfulfilled court judgments or large debts due during the reporting period[88]. - The company has not reported any changes in its controlling shareholder or actual controller during the reporting period[115]. Environmental and Social Responsibility - The company is classified as a key pollutant discharge unit, with no environmental pollution incidents or exceedances reported during the reporting period[69]. - The company has implemented an automatic monitoring system for wastewater discharge, including COD and pH online monitoring devices[76]. - The company has engaged a third-party testing agency to monitor wastewater, waste gas, and noise, with all pollution indicators meeting standards[75]. - The company has supported poverty alleviation efforts by purchasing over 70,000 yuan worth of agricultural products from impoverished areas, contributing to rural revitalization[82]. Future Outlook and Strategic Initiatives - The company plans to expand its product development and market promotion efforts to cultivate new profit growth points[55]. - The company is focusing on optimizing product structure and enhancing marketing strategies to mitigate risks from macroeconomic conditions and raw material price fluctuations[55]. - The company is considering potential mergers and acquisitions to strengthen its market position[156]. - The company plans to enhance its market expansion strategies to improve revenue streams[156]. - The R&D expenditure for new products is projected to increase by 10% in the next fiscal year[156].

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 326,846,424.32, representing a 28.66% increase compared to CNY 254,045,542.51 in the same period last year[16]. - The net profit attributable to shareholders for the first half of 2021 was CNY 32,174,570.10, a significant increase of 67.57% from CNY 19,200,398.03 in the previous year[16]. - The net profit after deducting non-recurring gains and losses increased by 100.10%, reaching CNY 30,351,036.30 compared to CNY 15,167,638.23 in the same period last year[16]. - Basic earnings per share for the first half of 2021 were CNY 0.1939, up 54.13% from CNY 0.1258 in the previous year[17]. - The company's total assets at the end of the reporting period were CNY 1,172,726,709.57, a 29.06% increase from CNY 908,687,432.39 at the end of the previous year[16]. - The net cash flow from operating activities decreased by 48.43%, amounting to CNY 16,117,813.76 compared to CNY 31,256,258.14 in the same period last year[16]. - The weighted average return on net assets increased to 4.50%, up by 1.48 percentage points from 3.02% in the previous year[17]. - The company achieved total operating revenue of 326.84 million yuan, a year-on-year increase of 28.66%[35]. - Net profit attributable to shareholders reached 32.17 million yuan, up 67.57% compared to the same period last year[35]. - The net profit after deducting non-recurring gains and losses was 30.35 million yuan, reflecting a 100.10% increase year-on-year[35]. Business Segments - The company operates in two main business areas: mining equipment and magnetic materials, with a focus on R&D, production, sales, and services[23]. - The mining equipment segment has a high domestic market share, serving major mining enterprises and exporting to over 30 countries including Africa, Australia, and Europe[24]. - The magnetic materials segment includes products like sintered permanent ferrite and rare earth magnets, primarily used in electronics and automotive industries, with stable customer bases in East and South China, as well as Europe and the US[24]. - The company reported a significant increase in business volume in both the mining equipment and magnetic materials sectors[18]. Research and Development - The company plans to enhance technology innovation and new product development to capture market opportunities[18]. - Research and development expenses surged by 78.08% to ¥16,502,420.61, up from ¥9,266,933.20 in the previous year[47]. - The company has developed a new type of structure permanent magnet strong magnetic separator for pre-selection of weakly magnetic iron ores[36]. - The company has successfully launched new products such as BMS-9 and BMS-12 series, with performance improvements recognized by customers[36]. - The company is focusing on the development of intelligent equipment, integrating AI technology with traditional mining and metallurgy equipment[32]. - The magnetic materials industry is experiencing a shift towards high-end products, with the company focusing on R&D to improve product quality and competitiveness in the global market[28]. Market Strategy - The company aims to leverage opportunities from the "Belt and Road" initiative to expand its international market presence while consolidating its domestic market[23]. - The company is actively adjusting sales strategies and diversifying market development efforts, strengthening relationships with key clients and expanding domestic market presence[38]. - The company plans to continue optimizing its product structure and enhancing R&D capabilities to increase product value and market competitiveness[29]. - The company is focusing on expanding its market presence, particularly in the Asia-Pacific region, to drive future growth[142]. Environmental and Social Responsibility - The company is classified as a key pollutant discharge unit, with no environmental pollution incidents or exceedances reported during the reporting period[68]. - The company has implemented pollution prevention facilities that are operating normally, in compliance with environmental impact assessments[70]. - The company has received environmental impact assessment approvals for four projects, all of which passed the completion environmental protection acceptance[72]. - The company has established an emergency plan for environmental incidents, filed with the local environmental protection bureau[73]. - The company has actively explored energy-saving and resource utilization technologies, successfully applying new technologies in large metallurgical mining enterprises, reducing production costs and energy consumption[80]. - The company has supported poverty alleviation efforts by purchasing over 70,000 yuan worth of agricultural products from impoverished areas, contributing to rural revitalization[81]. - The company emphasizes green development, integrating energy conservation and environmental protection into its business strategy, and promoting clean production[78]. Financial Management - Cash and cash equivalents decreased by 40.51% to CNY 120,970,133.29, accounting for 10.32% of total assets[49]. - Inventory increased by 28.84% to CNY 222,540,690.23, representing 18.98% of total assets, due to increased raw material stock for the electromechanical sector[49]. - Trade financial assets reached CNY 268,322,531.51, accounting for 22.88% of total assets, reflecting the company's investment in structured deposits[49]. - Accounts payable rose by 43.04% to CNY 92,319,014.76, driven by rising material prices and increased procurement[49]. - The company is focusing on optimizing product structure and enhancing marketing strategies to mitigate risks from macroeconomic conditions and raw material price fluctuations[54]. - The company is monitoring accounts receivable risks closely and has implemented measures to reduce overdue payments from key clients[55]. - The company is actively managing foreign exchange risks by adjusting sales price negotiation cycles and timely settlement of foreign currency transactions[56]. Shareholder and Capital Structure - The company did not distribute profits or increase capital reserves in the first half of 2021, with no dividends or stock bonuses proposed[64]. - The company repurchased and canceled 1,067,050 restricted stocks at a repurchase price of 7.01 yuan per share[66]. - The company completed the repurchase and cancellation of an additional 1,017,670 restricted stocks at the same repurchase price of 7.01 yuan per share[66]. - The company has committed to not reducing its holdings in the subscribed shares for six months following the private placement, ensuring stability in shareholding[86]. - The company approved a non-public issuance of up to 19,702,964 new shares at a price of 9.63 CNY per share, raising a total of 189,739,543.32 CNY[100]. - The largest shareholder, Minmetals Technology Group Co., Ltd., holds 80,586,916 shares, representing 46.36% of total shares[106]. Legal and Compliance - There are no significant lawsuits or arbitration matters reported during the reporting period, indicating a stable legal standing for the company[88]. - The company and its controlling shareholders have maintained good integrity, with no significant debts overdue or unfulfilled court judgments[88]. - The company has not faced any regulatory penalties or compliance issues during the reporting period, reflecting adherence to regulatory standards[88]. Accounting and Reporting - The financial statements were approved by the board of directors on August 25, 2021[166]. - The company follows the enterprise accounting standards, ensuring that financial statements reflect a true and complete picture of its financial status[170]. - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired in a business combination[178]. - The company includes all subsidiaries in its consolidated financial statements based on control, ensuring uniform accounting policies across the group[181].

Financial Performance - Net profit attributable to shareholders rose by 47.29% to CNY 13,165,901.45 year-on-year[6] - Operating revenue increased by 21.67% to CNY 151,730,571.80 compared to the same period last year[6] - Basic earnings per share increased by 48.09% to CNY 0.0853[6] - Operating profit for Q1 2021 was ¥17,683,406.70, up 47.78% from ¥12,003,623.15 in Q1 2020[26] - Net profit for Q1 2021 amounted to ¥13,102,832.38, representing a 47.00% increase from ¥8,891,286.48 in Q1 2020[26] - The company's net profit guidance for the upcoming period indicates potential significant changes compared to the previous year, although specific figures were not disclosed[14] Assets and Liabilities - Total assets increased by 4.39% to CNY 948,600,481.67 compared to the end of the previous year[6] - The total assets increased from RMB 908,687,432.39 to RMB 948,600,481.67, reflecting a growth of 4.4%[18] - The total liabilities increased from RMB 232,962,877.95 to RMB 259,125,122.40, representing an increase of 11.3%[19] - Total assets as of March 31, 2021, were ¥707,495,569.65, down from ¥752,022,763.49 at the end of 2020[22] - Total liabilities decreased to ¥134,237,261.99 from ¥177,543,382.35 at the end of 2020, a reduction of 24.36%[23] - The total cash and cash equivalents at the end of Q1 2021 were CNY 129,295,964.81, down from CNY 171,195,183.69 at the beginning of the quarter[33] Cash Flow - Net cash flow from operating activities decreased by 35.49% to CNY 9,044,482.15 compared to the previous year[6] - Operating cash flow decreased by 35.49% from RMB 14,019,650.71 to RMB 9,044,482.15 due to increased cash expenditures for procurement and labor costs[12] - The net cash flow from operating activities for Q1 2021 was CNY 2,524,566.93, compared to a negative cash flow of CNY 2,308,856.07 in Q1 2020, indicating a significant improvement[33] - Cash inflow from financing activities amounted to CNY 15,428,214.19, with cash outflow totaling CNY 61,200,000.00, leading to a net cash flow from financing activities of -CNY 45,771,785.81[33] Shareholder Information - The total number of shareholders reached 30,096 at the end of the reporting period[10] - The largest shareholder, Minmetals Technology Group Co., Ltd., holds 39.50% of the shares[10] Research and Development - Research and development expenses increased by 107.8% from RMB 2,973,287.97 to RMB 6,178,463.47, reflecting increased investment in R&D[12] - Research and development expenses increased to ¥6,178,463.47 in Q1 2021, compared to ¥2,973,287.97 in Q1 2020, reflecting a growth of 107.36%[26] Other Financial Metrics - The weighted average return on equity increased by 0.53 percentage points to 1.95%[6] - Non-recurring gains and losses amounted to CNY 703,880.99, primarily from government subsidies[8] - Other income decreased by 52.80% from RMB 1,543,355.51 to RMB 728,528.16 due to a reduction in government subsidies received[12] - Credit impairment losses increased by 40.42% from RMB 1,369,663.82 to RMB 1,923,313.29, indicating an increase in impairment provisions for accounts receivable[12] Compliance and Regulatory - The company received approval from the China Securities Regulatory Commission for a non-public offering of A-shares on March 9, 2021[13] - The company implemented the revised accounting standards for leases starting January 1, 2021, affecting the financial statements accordingly[34] - The company has implemented the revised lease accounting standards effective from January 1, 2021, impacting financial statement adjustments[42]