Financial Performance - The company's operating revenue for the first half of 2022 was ¥731,524,791.71, a decrease of 8.33% compared to ¥797,969,179.90 in the same period last year[19] - The net profit attributable to shareholders for the first half of 2022 was ¥69,156,759.37, down 16.15% from ¥82,480,239.11 in the previous year[19] - Basic earnings per share for the first half of 2022 were ¥0.0712, a decrease of 15.84% from ¥0.0846 in the same period last year[20] - The diluted earnings per share were ¥0.0708, down 16.11% from ¥0.0844 in the previous year[20] - The weighted average return on net assets was 2.56%, a decrease of 0.65 percentage points compared to 3.21% in the same period last year[20] - The net profit after deducting non-recurring gains and losses was ¥64,492,090.06, a decrease of 6.96% from ¥69,318,757.31 in the previous year[19] - The company's weighted average net profit margin, excluding non-recurring gains and losses, decreased by 0.32 percentage points to 2.38%[21] - The company reported a total comprehensive income of ¥15.65 million for the first half of 2022, compared to ¥28.28 million in the same period of 2021[106] - The net profit for the first half of 2022 was CNY 68,635,618.75, a decline of 16.43% compared to CNY 82,107,556.84 in the first half of 2021[102] Cash Flow and Assets - The net cash flow from operating activities improved significantly to ¥244,830,461.93, compared to a negative cash flow of ¥10,430,151.24 in the same period last year[19] - The company's cash and cash equivalents increased to ¥785,294,928.56 from ¥274,729,897.20, representing a growth of approximately 186.5%[93] - The total cash and cash equivalents at the end of the first half of 2022 increased to ¥677.67 million, up from ¥297.26 million at the end of the first half of 2021[108] - The company's cash flow from operating activities reached approximately 244.83 million yuan, a significant increase compared to a negative cash flow of 10.43 million yuan in the previous year[34] - The total cash inflow from financing activities was 105,326,893.00 RMB, while cash outflow amounted to 313,346,889.81 RMB, resulting in a net cash flow of -208,019,996.81 RMB[111] - The total assets increased by 3.88% to ¥4,168,674,205.85 from ¥4,013,160,577.27 at the end of the previous year[19] - The company’s total assets included cash and cash equivalents of approximately 785.29 million yuan, representing 18.84% of total assets, an increase of 185.84% year-on-year[36] - Total current assets increased to ¥2,310,515,512.32 from ¥2,105,641,126.31, reflecting a growth of about 9.7%[93] Liabilities and Equity - The total liabilities increased to ¥1,447,567,157.61 from ¥1,274,724,294.00, which is an increase of about 13.5%[95] - The company's total equity decreased slightly to ¥2,721,107,048.24 from ¥2,738,436,283.27, a decline of approximately 0.6%[95] - Long-term loans decreased by 23.94% to ¥134.19 million, also due to repayment of principal and interest[37] - The total amount of guarantees provided by the company (including guarantees to subsidiaries) is RMB 755,214,247, which accounts for 27.75% of the company's net assets[72] - The total amount of guarantees provided to subsidiaries during the reporting period is RMB 340,000,000[72] Research and Development - The company applied for and accepted 1 invention patent and 6 utility model patents during the reporting period, with a total of 68 authorized patents, including 19 invention patents[31] - The company plans to enhance R&D investment and improve product technology to strengthen its market position[42] - Research and development expenses were CNY 24,639,338.19, down from CNY 35,251,344.46 in the first half of 2021, indicating a reduction of 30.06%[101] - The company developed new materials QT500-14 and QT600-10AL, which are recognized for their advanced performance in high-end wind power castings, filling a gap in national standards[29] Market and Industry Outlook - The wind power industry is projected to see an annual average increase of 23 GW in new installation capacity from 2018 to 2027, with a CAGR of 1.9%[24] - The global offshore wind power capacity is expected to exceed 234 GW by 2030, indicating strong market growth potential[23] - The wind power installed capacity in China reached approximately 340 million kW, reflecting a year-on-year growth of 17.2%[24] Corporate Governance and Management - The company appointed Wu Jie as the new secretary of the board on January 24, 2022, following the resignation of Zhu Taoyun[49] - The company approved the 2022 restricted stock incentive plan and its summary during the first extraordinary general meeting on April 1, 2022[46] - The company has not disclosed any new employee stock ownership plans or other incentive measures[53] - The company has completed the registration procedures for the restricted stock incentive plan with the China Securities Depository and Clearing Corporation[52] Environmental and Social Responsibility - The company has established pollution prevention facilities in accordance with national and local environmental protection requirements, ensuring effective operation through monitoring systems[55] - The company is actively conducting clean production audits to improve resource utilization efficiency and reduce pollutant generation[60] - The company has completely eliminated high-pollution fuels and equipment, such as replacing wood with natural gas and electric furnaces with cupola furnaces[61] - The company is constructing a 150MW wind power plant in Hebei, contributing to green clean energy and alleviating environmental pollution[60] Risks and Challenges - The company faces risks from fluctuations in the wind power industry, policy changes, and raw material price volatility[42] - The company has pledged various assets, including cash and fixed assets, totaling ¥1.06 billion for financing purposes[38]

Financial Performance - The company's operating revenue for Q1 2022 was CNY 335,480,828.39, representing a decrease of 2.97% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY 25,389,328.05, down 3.37% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 19,391,175.26, a decline of 24.17% compared to the previous year[5]. - The basic earnings per share for the period was CNY 0.0260, reflecting a decrease of 3.35%[5]. - Total operating revenue for Q1 2022 was ¥335,480,828.39, a decrease of 2.3% from ¥345,746,891.39 in Q1 2021[18]. - Net profit for Q1 2022 was ¥25,182,566.00, a decline of 3.2% compared to ¥26,022,386.74 in Q1 2021[19]. - Operating profit for Q1 2022 was ¥25,186,873.64, down from ¥27,059,711.61 in Q1 2021, reflecting a decrease of 6.9%[18]. - The company reported a total comprehensive income of ¥25,182,566.00 for Q1 2022, down from ¥26,022,386.74 in Q1 2021[19]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,967,790,773.35, a decrease of 1.13% from the end of the previous year[5]. - As of March 31, 2022, the company's total assets amounted to RMB 3,967,790,773.35, a decrease from RMB 4,013,160,577.27 at the end of 2021[13]. - The total current assets decreased to RMB 2,087,531,016.52 from RMB 2,105,641,126.31 in the previous year[13]. - The company reported a decrease in total liabilities, with current liabilities at RMB 1,000,000,000.00[14]. - The company reported a total liability of ¥1,204,171,924.08, down from ¥1,274,724,294.00 year-over-year, indicating a reduction of 5.5%[15]. Cash Flow - The net cash flow from operating activities was CNY 127,034,487.66, not applicable for year-on-year comparison[5]. - In Q1 2022, the company's cash inflow from operating activities was CNY 347,793,343.10, a decrease of 25.2% compared to CNY 465,367,915.03 in Q1 2021[21]. - The net cash flow from operating activities turned positive at CNY 127,034,487.66, compared to a negative CNY 66,830,965.77 in the same period last year[21]. - Cash outflow for purchasing goods and services was CNY 136,880,280.82, down 66.7% from CNY 410,199,060.12 in Q1 2021[21]. - The net cash flow from investing activities was CNY 544,808.19, a significant improvement from a negative CNY 120,436,590.19 in Q1 2021[22]. - Cash inflow from financing activities totaled CNY 59,705,795.20, a decrease of 73.3% from CNY 223,862,375.74 in the previous year[22]. - The net cash outflow from financing activities was CNY 84,223,650.12, worsening from a net outflow of CNY 17,097,877.01 in Q1 2021[22]. - The ending cash and cash equivalents balance was CNY 252,027,930.70, down from CNY 342,510,944.14 at the end of Q1 2021[22]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 97,732[9]. - The company repurchased a total of 6,969,730 shares, representing 0.71% of the total share capital, with a total expenditure of between RMB 25 million and RMB 50 million[11]. - The company plans to utilize repurchased shares for future employee stock ownership plans[11]. Expenses and Costs - The company’s management expenses decreased by 36.60% due to cost control measures and departmental restructuring[7]. - Total operating costs increased to ¥312,906,827.69, up 4.5% from ¥300,546,647.12 in the same period last year[18]. - Research and development expenses for Q1 2022 were ¥10,927,888.42, slightly up from ¥10,347,396.95 in Q1 2021, indicating a focus on innovation[18]. - The company’s tax expenses for Q1 2022 were ¥3,528,593.55, significantly higher than ¥1,366,595.67 in Q1 2021, reflecting an increase of 158.5%[18]. Inventory and Receivables - The company's accounts receivable decreased to RMB 755,993,471.06 from RMB 784,033,255.93 year-over-year[13]. - The company's inventory increased to RMB 448,539,724.54 from RMB 406,810,553.13 in the previous year[14]. - The company experienced a 73.26% decrease in receivables financing due to a reduction in endorsed notes[7].

Financial Performance - In 2021, the company's operating revenue was CNY 1,858,647,141.73, a decrease of 9.28% compared to 2020[20] - The net profit attributable to shareholders was CNY 208,928,336.75, down 10.63% from the previous year[20] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 185,967,431.02, a decline of 19.43% year-on-year[20] - The net cash flow from operating activities was CNY 105,028,728.40, a significant drop of 85.61% compared to 2020[20] - As of the end of 2021, the total assets amounted to CNY 4,013,160,577.27, a decrease of 5.33% from the previous year[20] - The net assets attributable to shareholders were CNY 2,736,741,459.52, showing a slight increase of 0.51% year-on-year[20] - Basic earnings per share decreased by 10.64% to CNY 0.2142 in 2021 compared to CNY 0.2397 in 2020[21] - Diluted earnings per share decreased by 9.52% to CNY 0.2138 in 2021 compared to CNY 0.2363 in 2020[21] - The net profit for the period was CNY 208,252,657.03, reflecting an 11.11% decline from the previous year[42] - The total profit for 2021 was approximately ¥216.89 million, down 20.59% from ¥272.98 million in 2020[188] Revenue and Sales - Revenue from casting business declined by 12.8% to CNY 1.63 billion in 2021 due to a decrease in wind turbine component prices[29] - The company achieved operating revenue of 1.859 billion yuan, a decrease of 9.28% compared to the same period last year[31] - The company achieved sales revenue of CNY 1,662.71 million from hub and base products, a decrease of 12.90% compared to CNY 1,908.97 million in 2020[170] - The company reported sales revenue of CNY 195.94 million from wind power services, an increase of 40.15% compared to CNY 139.80 million in 2020[170] Costs and Expenses - The operating cost was CNY 1,450,715,338.17, down 4.81% year-on-year[42] - The cost of casting business decreased by 5.45% to CNY 1.389 billion in 2021 despite rising raw material prices[30] - Research and development expenses increased by 13.77% to CNY 70,298,709.32, indicating a focus on innovation[42] - The gross margin for the wind turbine manufacturing segment was 14.79%, a decrease of 6.63 percentage points year-on-year[44] - The company reported a decrease in financial expenses to approximately ¥40.64 million in 2021 from ¥43.62 million in 2020, a reduction of 6.78%[188] Investments and R&D - The company completed the development of 37 new processes with a first-time verification pass rate of 93.1% during the reporting period[31] - A total of 4 invention patents and 9 utility model patents were applied for and accepted during the reporting period[31] - The company is investing in new technology development, allocating $50 million towards R&D initiatives in the upcoming fiscal year[89] - The company has committed to increasing R&D investments and attracting high-end talent, especially in digital innovation[75] Market and Industry Outlook - The wind power industry is expected to see an average annual increase of 23 GW in new installation capacity in China from 2018 to 2027, with a CAGR of 1.9%[35] - By the end of 2021, the cumulative installed capacity of wind power in China reached 328 million kilowatts, with onshore wind power accounting for 302 million kilowatts[35] - The global offshore wind power capacity is expected to increase from 13 GW in 2015 to 100 GW by 2030, driven by technological advancements and cost reductions[63] Corporate Governance - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with the guidelines for independent director systems[81] - The company has established a robust information disclosure system, ensuring timely and accurate communication with all shareholders[82] - The company has a strategic committee, a compensation and assessment committee, a nomination committee, and an audit committee to enhance governance and decision-making processes[81] - The company has implemented measures to ensure the independence of its operations, including asset, personnel, and financial independence[82] Environmental and Social Responsibility - The company is committed to achieving carbon neutrality by 2060, aligning with national goals for carbon emissions reduction[64] - The company aims to achieve a clean energy ratio of 50% or more by 2025, as outlined in the "14th Five-Year Plan" for major state-owned enterprises[70] - The company has implemented pollution prevention facilities in compliance with environmental protection requirements, ensuring effective operation through monitoring systems[121] - The company donated 188,600 RMB to local education reward funds and public welfare organizations during the reporting period[128] Challenges and Risks - The company faces risks from fluctuations in the wind power industry, policy changes, and rising raw material prices[76] - The company is navigating challenges posed by the ongoing COVID-19 pandemic, which may impact overall performance in 2022[78] - The company has faced regulatory scrutiny, which may impact its market reputation and operations[95] Shareholder Information - The largest shareholder, Bao Shijin, holds 273,199,388 shares, representing 27.95% of the total shares, with 76,627,778 shares pledged[157] - The second-largest shareholder, Zhang Jinyu, holds 68,415,200 shares, representing 7.00% of the total shares[157] - The total number of ordinary shareholders as of the end of the reporting period is 92,114, down from 97,732 at the end of the previous month[154] Cash Flow and Financial Position - The net cash flow from investing activities was -¥262,731,917.10 in 2021, compared to ¥7,790,412.78 in 2020, indicating a shift towards more investment expenditures[195] - The ending cash and cash equivalents balance for 2021 was ¥208,655,182.95, a decrease from ¥549,001,424.81 in 2020[195] - Total current assets for 2021 amounted to ¥2,105,641,126.31, a decrease from ¥2,241,018,376.20 in 2020, reflecting a decline of approximately 6.06%[182]

Financial Performance - The company's operating revenue for the first half of 2021 was approximately ¥798 million, a decrease of 5.09% compared to ¥841 million in the same period last year[16]. - Net profit attributable to shareholders for the first half of 2021 was approximately ¥82.48 million, down 20.99% from ¥104.39 million in the same period last year[16]. - Basic earnings per share decreased by 20.93% to ¥0.0846 from ¥0.1070 in the same period last year[16]. - The weighted average return on net assets decreased by 0.89 percentage points to 3.21% from 4.10% in the same period last year[16]. - The net cash flow from operating activities was negative at approximately -¥10.43 million, a significant decline from ¥168.23 million in the same period last year, representing a decrease of 106.20%[16]. - Total assets at the end of the reporting period were approximately ¥3.93 billion, down 7.39% from ¥4.24 billion at the end of the previous year[16]. - Net assets attributable to shareholders decreased by 4.13% to approximately ¥2.61 billion from ¥2.72 billion at the end of the previous year[16]. - The company reported a basic earnings per share after deducting non-recurring gains and losses of ¥0.0711, a decrease of 31.30% from ¥0.1035 in the same period last year[16]. - The diluted earnings per share decreased by 19.85% to ¥0.0844 from ¥0.1053 in the same period last year[16]. - The company reported a net profit from the power generation project of approximately 59.35 million RMB, with a year-on-year growth of 30.59% due to the increase in project scale[27]. - The company reported a total profit for the first half of 2021 of ¥80,732,634.21, a decrease of 35.88% from ¥125,902,362.96 in the first half of 2020[86]. Research and Development - Research and development expenses increased by 52.88% to approximately 35.25 million RMB, reflecting the company's commitment to innovation[32]. - Research and development expenses increased to ¥35,251,344.46, up 53.06% from ¥23,058,121.90 in the first half of 2020[86]. - The company applied for and accepted 13 patents in the first half of 2021, including 4 invention patents and 9 utility model patents, with a total of 59 authorized patents by the end of the reporting period[26]. - The company holds 59 authorized patents, including 19 invention patents and 1 US invention patent, highlighting its commitment to intellectual property development[21]. Operational Efficiency - The company operates under a "make-to-order" production model, allowing for customized production based on client specifications, which helps manage inventory effectively[22]. - The company has implemented a comprehensive quality management system, achieving certifications such as ISO9001:2008 and ISO14001:2004[20]. - The company achieved a net cash flow from operating activities of -10.43 million RMB, a significant decrease compared to 168.23 million RMB in the previous year[32]. - The company implemented cost reduction measures, resulting in a 9% decrease in casting operating costs to approximately 560 million RMB[27]. - The company sold 58,400 tons of wind power castings in the first half of 2021, a decrease of 6% compared to the same period last year, with casting business revenue of 670 million RMB, down 11% year-on-year[27]. Market Position and Strategy - The company has established long-term strategic partnerships with major wind turbine manufacturers, including GE and CRRC Zhuzhou, through direct sales agreements[23]. - The company has established a production capacity of 150MW from two wind power projects, with the first phase (100MW) and the second phase (50MW) both receiving renewable energy subsidies[20][21]. - The wind power industry is projected to see a compound annual growth rate (CAGR) of 1.9% for new wind installation capacity in China from 2018 to 2027, with an expected annual average of 23GW[24]. - The company is focused on enhancing its governance model to be more standardized, open, and diversified, preparing for broader market opportunities[30]. Financial Position - Cash and cash equivalents decreased by 26.31% to 510.91 million, accounting for 13.01% of total assets[34]. - Accounts receivable increased by 2.45% to 744.82 million, representing 18.97% of total assets[34]. - Inventory rose by 40.04% to 473.81 million, making up 12.07% of total assets due to decreased shipment volume[34]. - Short-term borrowings increased by 52.87% to 321.41 million, accounting for 8.19% of total assets[34]. - The total amount of guarantees provided by the company, excluding those for subsidiaries, was RMB 454,388,116.40, which accounts for 17.39% of the company's net assets[66]. - The company reported a total of CNY 732,432,663.72 in undistributed profits as of June 2021, down from CNY 899,179,152.54 in December 2020, a decrease of about 18.6%[84]. Environmental Compliance - The company is listed as a key pollutant discharge unit, with a simplified management category for its pollution discharge permit, primarily discharging waste gas and wastewater[47]. - The company has established pollution prevention facilities in accordance with environmental protection requirements and operates them effectively[48]. - The company has complied with environmental impact assessment procedures for construction projects and adheres to the "three simultaneous" system for environmental protection[49]. - The company conducts annual environmental monitoring through a third-party agency and has installed VOCs online monitoring equipment[51]. - The company is actively engaged in clean production audits to enhance resource utilization efficiency and reduce pollution[53]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 55,570[70]. - The largest shareholder, Bao Shijin, held 27.95% of the shares, with a total of 273,199,388 shares, and had 93,177,778 shares pledged[71]. - Zhang Jinyu, the second-largest shareholder, held 7.00% of the shares, totaling 68,415,200 shares, with 54,000,000 shares pledged[71]. - The company did not report any major related party transactions during the reporting period[62]. Accounting Policies - The company's financial statements are prepared based on the assumption of going concern, indicating confidence in its operational sustainability for at least the next 12 months[112]. - The company’s accounting policies comply with the relevant enterprise accounting standards, ensuring accurate reflection of its financial status[114]. - The company recognizes revenue when control of goods is transferred to the customer, which includes conditions such as contract approval and payment obligations[187]. - The company measures lease liabilities based on the present value of lease payments not yet paid at the lease commencement date[182].

2021 年第一季度报告 公司代码：601218 公司简称：吉鑫科技 江苏吉鑫风能科技股份有限公司 2021 年第一季度报告 1 / 24 | 目录 | | --- | | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 5 | | 四、 | 附录 8 | 2021 年第一季度报告 一、 重要提示 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 3 / 24 本报告期末 上年度末 本报告期末 比上年度末 增减(%) 调整后 调整前 总资产 3,992,299,624.55 4,239,307,619.68 4,239,307,619.68 -5.83 归属于上市公司股东 的净资产 2,554,088,901.76 2,722,838,897.91 2,722,838,897.91 -6.20 年初至报告期末 上年初至上年报告期末 比上年同期 调整后 调整前 增减(%) 经营活动产生的现金 流量净额 -66,830,965.77 -6,294,122.00 -6,294,122.00 不适用 年初至报告期末 上年 ...

Financial Performance - The company's operating revenue for 2020 was CNY 2,048,770,631.53, representing a 36.86% increase compared to CNY 1,496,938,303.74 in 2019[24]. - The net profit attributable to shareholders of the listed company reached CNY 233,780,372.92, a significant increase of 257.48% from CNY 65,396,509.70 in the previous year[24]. - The net cash flow from operating activities was CNY 729,793,592.56, showing a 99.75% increase compared to CNY 365,356,749.82 in 2019[24]. - Basic earnings per share increased by 259.37% to CNY 0.2397 in 2020 compared to CNY 0.0667 in 2019[25]. - Diluted earnings per share rose by 258.57% to CNY 0.2363 in 2020 from CNY 0.0659 in 2019[25]. - The weighted average return on equity increased by 6.32 percentage points to 8.95% in 2020, up from 2.63% in 2019[25]. - Total revenue for Q4 2020 reached CNY 663,801,460.63, marking a significant increase from CNY 303,757,028.03 in Q1 2020[28]. - The company reported a net cash flow from operating activities of CNY 304,021,266.78 in Q4 2020, up from CNY -6,294,122.00 in Q1 2020[28]. - Non-recurring gains and losses amounted to CNY 2,970,112.20 in 2020, compared to CNY -1,265,486.06 in 2019[30]. Assets and Liabilities - The total assets as of the end of 2020 were CNY 4,239,307,619.68, a decrease of 7.06% from CNY 4,561,562,491.22 at the end of 2019[24]. - The total liabilities decreased from 2,052,154,682.74 to 1,514,098,218.30, a reduction of about 26.19%[182]. - Current liabilities decreased from 1,590,041,594.46 to 1,104,056,299.32, a reduction of about 30.58%[182]. - Long-term borrowings decreased from 223,868,756.16 to 212,235,179.72, a decrease of approximately 5.00%[182]. - The total equity increased from 2,509,407,808.48 to 2,725,209,401.38, an increase of approximately 8.59%[182]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 2.00 per 10 shares to all shareholders, pending approval at the annual shareholders' meeting[5]. - In 2020, the company distributed a cash dividend of 2.00 yuan per 10 shares, with a total distribution amounting to approximately 233.78 million yuan[90]. - The cash dividend policy stipulates that the company will distribute at least 10% of the annual distributable profit in cash if profits are positive and there are no major investment plans[87]. Research and Development - The company’s R&D expenses rose by 27% to CNY 61.79 million, reflecting its commitment to innovation[47]. - Research and development expenses totaled approximately 61.79 million RMB, representing 3.02% of operating revenue, with 231 R&D personnel making up 27.27% of the total workforce[60]. - The company applied for and accepted 11 utility model patents and was granted 1 invention patent and 19 utility model patents during the reporting period[42]. Operational Strategy - The company specializes in manufacturing components for large wind turbines, with a production capacity covering a range from 750KW to 12MW[34]. - The company operates on a "make-to-order" model, allowing for customized production based on client specifications[34]. - The company has established long-term cooperative relationships with major suppliers to ensure the stability of raw material procurement[35]. - The company successfully completed the 150MW wind farm project, contributing to its revenue growth[41]. Market and Industry Trends - The company aims to enhance its position in the wind energy sector, aligning with national policies promoting non-fossil energy sources[71]. - Offshore wind power has advantages such as higher generation capacity, larger single-unit capacity, and stability, leading to a global trend of shifting from onshore to offshore development[72]. - The cost of offshore wind power has decreased by over 30% since the first offshore wind farm was commissioned, with total installed capacity expected to surge from 13GW in 2015 to 100GW by 2030[72]. - The market trend indicates that wind power will transition to grid parity, supported by government policies promoting unsubsidized pricing[78]. Governance and Compliance - The company emphasizes that forward-looking statements in the report do not constitute a substantive commitment to investors, highlighting investment risks[6]. - The company has not reported any violations regarding decision-making procedures for external guarantees[8]. - The company’s board of directors and management confirm the accuracy and completeness of the annual report, with no false records or misleading statements[8]. - The company has implemented a comprehensive governance structure to protect shareholder rights and ensure compliance with relevant laws and regulations[111]. - The company has no significant litigation or arbitration matters during the reporting period[97]. Social Responsibility and Environmental Commitment - The company actively participates in social responsibility initiatives, focusing on supporting disadvantaged communities[112]. - The company strictly adheres to environmental regulations and has not faced any administrative penalties from environmental authorities during the reporting period[113]. - The company is committed to becoming a world-class casting supplier, focusing on green development and sustainable practices[80]. Executive Compensation and Shareholding - The total remuneration for the chairman, Bao Shijin, was CNY 1,053,300, with a decrease in shareholding by 1,000,000 shares during the reporting period[137]. - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to CNY 10.2881 million[145]. - The company has a consistent policy of shareholding adjustments among its executives, indicating a strategic approach to equity management[137]. Risks and Challenges - The company is facing risks from fluctuations in the wind power industry, policy changes, and potential declines in customer demand, which may impact operational performance[84]. - Independent directors raised concerns regarding the authenticity and completeness of the 2020 semi-annual report, citing issues with related party transactions and accounting classifications[158].

2020 年第三季度报告 公司代码：601218 公司简称：吉鑫科技 江苏吉鑫风能科技股份有限公司 2020 年第三季度报告 1 / 22 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 8 | 2020 年第三季度报告 一、 重要提示 1.1 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、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 单位：元 币种：人民币 | | | 上年度末 | | 本报告期末 | | --- | --- | --- | --- | --- | | | 本报告期末 | 调整后 | 调整前 | 比上年度末 | | | | | | 增减(%) | | 总资产 | 4,296,039,644.84 | 4,561,562,491.22 | 4,505,34 ...

Financial Performance - The company's operating revenue for the first half of 2020 was approximately ¥840.78 million, representing a year-on-year increase of 52.63% compared to ¥550.86 million in the same period last year[18]. - The net profit attributable to shareholders of the listed company reached approximately ¥104.39 million, a significant increase of 303.30% from ¥25.88 million in the previous year[18]. - The basic earnings per share for the first half of 2020 was ¥0.1070, up 303.77% from ¥0.0265 in the same period last year[19]. - The company's net cash flow from operating activities was approximately ¥168.23 million, a decrease of 18.21% compared to ¥205.69 million in the previous year[18]. - The total assets of the company at the end of the reporting period were approximately ¥4.55 billion, a slight increase of 1.01% from ¥4.51 billion at the end of the previous year[18]. - The company's net assets attributable to shareholders increased to approximately ¥2.59 billion, reflecting a growth of 3.66% from ¥2.50 billion at the end of the previous year[18]. - The company reported a significant increase in gross profit margin due to higher sales volume and improved profitability in wind power casting products[19]. - The weighted average return on net assets increased to 4.10%, up by 3.08 percentage points from 1.02% in the previous year[19]. Research and Development - Research and development expenses amounted to CNY 23.06 million, reflecting a 0.60% increase from the previous year[38]. - The company applied for and was granted 16 patents during the reporting period, including 1 invention patent and 15 utility model patents[32]. - The company plans to increase R&D investment and enhance product technology to improve core competitiveness and stabilize market position[44]. Market and Industry - The wind power sector saw a total of 6.32 million kilowatts of new installed capacity in the first half of 2020, with onshore wind accounting for 5.26 million kilowatts and offshore wind for 1.06 million kilowatts[31]. - The total wind power generation in the first half of 2020 reached 237.9 billion kilowatt-hours, reflecting a year-on-year growth of 10.9%[31]. - The national goal for wind power capacity by the end of 2020 is set at over 210 million kilowatts, with offshore wind capacity targeted to reach 5 million kilowatts[31]. Operational Strategy - The company specializes in the R&D, manufacturing, and sales of castings for large wind turbine generators, with key products including hubs, bases, shafts, and bearing seats[24]. - The company has adopted a "make-to-order" production model, allowing for customized products based on specific client requirements, thus minimizing inventory[28]. - The company has formed long-term strategic partnerships with renowned wind turbine manufacturers, securing a stable order flow through direct sales and bidding processes[29]. - The company maintains a robust supplier management system to ensure the timely and reliable procurement of raw materials, which include pig iron, scrap steel, and resins[28]. Financial Position - The total assets at the end of the reporting period were CNY 600.29 million, with a year-on-year increase of 41.53%[38]. - The company reported a decrease in short-term borrowings by 45.5%, down to CNY 315.40 million[39]. - The company invested CNY 361.06 million in construction projects, marking an increase of 865.46% year-on-year[39]. - The total liabilities decreased to CNY 1,949,621,773.25 from CNY 1,995,940,446.71, a reduction of about 2.3%[78]. - The total equity attributable to shareholders increased to CNY 2,590,033,391.10 from CNY 2,498,511,778.95, reflecting a growth of approximately 3.7%[78]. Risks and Challenges - The company faces risks from fluctuations in the wind power industry, potential declines in customer demand, and trade risks between the US and China[44]. - The company has committed to strengthening cost control and management to mitigate operational risks[44]. - The company has a significant financial relationship with Zhuochi Technology and Rongshuo Company, involving a fund transfer of 244.1 million yuan, which may affect future financial statements[44]. Corporate Governance - The company appointed Zhongxinghua Certified Public Accountants as the auditor for the 2020 financial report, with a one-year term[50]. - The auditor issued a qualified opinion on the 2019 financial statements due to significant but not pervasive issues identified during the audit[51]. - There were no major lawsuits or arbitration matters during the reporting period[52]. - The company has no adverse integrity issues related to its controlling shareholders or actual controllers during the reporting period[52]. - The company decided to terminate the 2019 restricted stock incentive plan and repurchase 14.4 million unvested shares[53]. Accounting Policies - The company has maintained its accounting policies in accordance with the enterprise accounting standards, ensuring accurate financial reporting[118]. - The financial statements are prepared on a going concern basis, indicating the company’s ability to continue operations for at least 12 months[116]. - The company’s accounting period runs from January 1 to December 31 each year[119]. - The company has adopted new revenue recognition and leasing standards effective from January 1, 2020, which may impact financial reporting but is not expected to have a significant effect on the financial statements[190].

Financial Performance - Net profit attributable to shareholders increased by 195.02% year-on-year, reaching approximately CNY 21.01 million[5]. - Basic earnings per share rose by 209.72% to CNY 0.0223 per share[5]. - Net profit for Q1 2020 increased by 193.44% to CNY 21,022,202.77 compared to CNY 7,164,081.20 in Q1 2019, driven by increased revenue from wind farms and reduced production costs[12]. - The company reported a net profit of CNY 798,097,595.61, compared to CNY 794,274,279.30 in the previous year[23]. - Operating profit for Q1 2020 was ¥23,614,870.74, an increase from ¥9,793,503.02 in Q1 2019[25]. - The company achieved a total profit of ¥23,905,971.69 in Q1 2020, compared to ¥9,352,005.61 in Q1 2019[25]. Revenue and Sales - Revenue from sales of goods and services received reached CNY 283,119,372.69, a 39.11% increase from CNY 203,526,316.50 in the previous year, indicating stronger cash collection efforts[12]. - Total operating revenue for Q1 2020 was ¥303,757,028.03, a decrease of 0.3% from ¥306,676,323.58 in Q1 2019[25]. - Cash inflow from sales of goods and services in Q1 2020 was CNY 283.12 million, up from CNY 203.53 million in Q1 2019, representing an increase of 39.1%[32]. - Cash inflow from sales of goods and services for the parent company in Q1 2020 was CNY 328.50 million, compared to CNY 204.71 million in Q1 2019, an increase of 60.5%[35]. Cash Flow and Liquidity - Cash flow from operating activities showed a net outflow of approximately CNY 6.29 million, a decline of 21.17% compared to the same period last year[5]. - Total current assets decreased to CNY 2,299,815,996.83 from CNY 2,473,637,326.71, indicating a reduction in liquidity[17]. - Cash and cash equivalents dropped to CNY 488,863,973.19 from CNY 749,224,175.75, highlighting a decrease in available cash[17]. - Net cash flow from operating activities in Q1 2020 was -CNY 6.29 million, compared to -CNY 5.19 million in Q1 2019, indicating a decline in cash flow[32]. - The ending cash and cash equivalents balance for Q1 2020 was CNY 252.18 million, down from CNY 281.06 million in Q1 2019, a decrease of 10.3%[33]. Assets and Liabilities - Total assets at the end of the reporting period were approximately CNY 4.46 billion, a decrease of 1.01% compared to the end of the previous year[5]. - Total liabilities amounted to CNY 1,929,383,234.34, a decrease from CNY 1,995,940,446.71 in the previous year[19]. - Total equity reached CNY 2,530,430,011.25, up from CNY 2,509,407,808.48 year-over-year[19]. - Total current liabilities were CNY 1,533,827,358.43, with short-term borrowings of CNY 727,711,311.23[39]. - The total amount of other payables was 23,448,228.89, which includes employee compensation payable of 16,915,705.12[43]. Investments and Expenditures - The company reported a significant increase in construction in progress, rising by 46.70% to approximately CNY 418.97 million[11]. - Prepayments increased by 175.91%, reaching approximately CNY 49.05 million[11]. - Long-term payables rose by 53.88% to CNY 359,839,615.15, attributed to increased financing leases for wind farms[12]. - Investment income surged to CNY 776,350.76, a significant increase of 3,002.44% from CNY 25,023.90, reflecting higher returns from financial products[12]. - Cash paid for purchasing goods and services increased by 65.81% to CNY 263,075,338.89, reflecting higher procurement costs[12]. Shareholder Information - The number of shareholders at the end of the reporting period was 50,804[9]. - The company maintained a deferred income of CNY 4,400,000.00, unchanged from the previous year[23]. - Owner's equity totaled 2,456,776,864.73, including paid-in capital of 991,760,000.00 and retained earnings of 794,274,279.30[43].