Financial Performance - Operating revenue decreased by 5.48% to CNY 436,497,274.80 year-on-year[5] - Net profit attributable to shareholders increased by 63.89% to CNY 28,196,296.07 compared to the same period last year[5] - The company reported a net profit of CNY 26,130,343.13 after deducting non-recurring gains and losses, representing a 26.60% increase year-on-year[5] - Total operating revenue for Q1 2021 was CNY 436,497,274.80, a decrease of 5.4% compared to CNY 461,783,124.13 in Q1 2020[25] - Net profit for Q1 2021 reached CNY 28,049,234.85, an increase of 64.7% compared to CNY 17,023,902.24 in Q1 2020[26] - The company's total comprehensive income for Q1 2021 was ¥28,521,716.23, compared to ¥17,464,474.24 in Q1 2020, showing an increase of approximately 63.4%[28] Cash Flow - Net cash flow from operating activities decreased significantly by 159.25% to -CNY 223,032,074.93[5] - Cash inflow from operating activities in Q1 2021 was ¥488,044,315.53, down from ¥559,685,104.74 in Q1 2020, representing a decrease of about 12.8%[31] - The company reported a net cash outflow from operating activities of ¥147,762,060.88 in Q1 2021, compared to a net inflow in Q1 2020[31] - The net cash flow from operating activities for Q1 2021 was -336,439,882.68 RMB, compared to -45,455,559.02 RMB in Q1 2020, indicating a significant decline in operational performance[33] - The total cash outflow from operating activities was 669,547,534.33 RMB in Q1 2021, compared to 515,139,069.58 RMB in Q1 2020, highlighting increased operational costs[33] Assets and Liabilities - Total assets increased by 4.23% to CNY 4,942,455,071.91 compared to the end of the previous year[5] - The balance of trading financial assets at the end of the reporting period was ¥80,076,952.33, an increase of 311.63% compared to the end of the previous year, mainly due to the company's investment of temporarily idle funds in short-term financial products[12] - Total liabilities as of March 31, 2021, were CNY 1,632,330,665.73, a decrease from CNY 1,667,354,000.97 at the end of 2020[24] - Total liabilities amounted to CNY 2,129,472,290.07, with a total equity of CNY 2,612,609,154.00, resulting in total assets of CNY 4,742,081,444.07[37] - The company's total liabilities increased to CNY 1,667,354,000.97, with total equity reported at CNY 2,598,799,053.96[42] Shareholder Information - The total number of shareholders reached 75,963 at the end of the reporting period[10] - The top three shareholders hold a combined 52.69% of the shares, with Fan Jiangang holding 27.25%[10][11] Expenses - The sales expenses for the reporting period were ¥5,615,843.21, a decrease of 68.27% compared to the same period last year, primarily due to the reclassification of transportation costs into operating costs starting from the second quarter of the previous year[13] - The financial expenses for the reporting period were ¥10,438,750.35, a decrease of 41.19% compared to the same period last year, mainly due to a decrease in actual financing costs during the reporting period[13] Research and Development - The company’s R&D expenses for Q1 2021 were CNY 3,506,729.17, compared to CNY 3,234,658.75 in Q1 2020, reflecting a focus on innovation[26] - The company's research and development expenses increased to ¥2,762,731.26 in Q1 2021 from ¥2,464,954.95 in Q1 2020, marking an increase of approximately 12.1%[30] Non-recurring Items - Non-recurring gains and losses totaled CNY 2,065,952.94 for the period[8]

Financial Performance - The company achieved a net profit of ¥221,068,503.16 for the year 2020, with a net profit attributable to shareholders of ¥218,539,452.95, marking a significant increase of 178.31% compared to the previous year[5]. - Total operating revenue for 2020 was ¥2,600,522,072.61, representing a decrease of 11.56% from ¥2,940,367,595.71 in 2019[23]. - The company's net assets attributable to shareholders increased by 8.77% to ¥2,593,657,392.63 at the end of 2020, compared to ¥2,384,575,271.34 at the end of 2019[24]. - The total assets of the company rose by 2.96% to ¥4,742,081,444.07 at the end of 2020, up from ¥4,605,842,837.90 at the end of 2019[24]. - The net cash flow from operating activities was negative at -¥380,310,350.44, a decline of 229.43% compared to the previous year[23]. - The company reported a net profit of ¥172,122,747.45 after deducting non-recurring gains and losses, a significant improvement from -¥349,425,887.27 in 2019, reflecting a 149.26% increase[23]. - Basic earnings per share increased to CNY 0.19, a 176% increase compared to the previous year[25]. - Net profit attributable to shareholders increased by 178.31% year-on-year, primarily due to the previous year's impairment of long-term equity investment[25]. - Cash flow from operating activities decreased by 229.43%, attributed to increased cash payments for goods and services[25]. - The weighted average return on equity rose to 8.73%, an increase of 19.47 percentage points from the previous year[25]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of ¥1 per 10 shares, totaling ¥113,323,200, based on a total share capital of 1,133,232,000 shares[5]. - The company does not plan to issue new shares or increase capital reserves through stock dividends this year[5]. - The company has implemented a stable cash dividend policy, distributing over 30% of net profit to shareholders annually[112]. Market Position and Expansion - The company has been actively expanding its international market presence and enhancing its design and manufacturing capabilities in the tower industry[35]. - The company is one of the few in China capable of producing 1000kV transmission line towers, maintaining a leading position in the ultra-high voltage tower sector[35]. - The company has successfully expanded its international business, exporting products to Australia, the Americas, Europe, Africa, Asia, and countries along the Belt and Road[39]. - The company has initiated a new project for a cup-lock scaffolding system, which was completed and put into production within two months, showcasing rapid execution capabilities[43]. - The company has established a strategic partnership with Fengfan Green Construction for scaffolding marketing and leasing, enhancing its market presence[43]. Operational Efficiency and Quality Management - The company has implemented a quality traceability mechanism to ensure product quality through comprehensive quality management by all employees[42]. - The company has adopted a new material allocation model to improve efficiency and ensure timely delivery of projects[42]. - The company has a comprehensive production capacity of 400,000 tons per year, ensuring timely completion of production tasks and maintaining product quality[38]. - The company reported a significant reduction in sales expenses, which decreased by 72.08% to ¥37,087,930.75 compared to the previous year[48]. - The research and development expenses increased by 2.21% to ¥15,492,239.86, indicating a focus on innovation[48]. Financial Stability and Risks - The company has no significant risks that could materially affect its operations during the reporting period[9]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[7]. - The company faces risks from market competition, raw material price fluctuations, exchange rate changes, and potential reductions in national investment in power grid construction[108][109]. - The overall liabilities decreased by 3.64% to CNY 2,129,472,290.07, indicating improved financial stability[63]. Compliance and Governance - The company has committed to not transferring or entrusting the management of its shares for 36 months following the initial public offering, ensuring long-term stability[115]. - The company has a commitment to avoid any competitive activities that could harm its interests, with a willingness to bear economic losses for any violations of this commitment[115]. - There are no undisclosed related party transactions during the reporting period, ensuring transparency in operations[115]. - The company has established a limit on the transfer of shares by its directors and senior management, not exceeding 25% of their total holdings annually[115]. - The company has implemented strict insider information management to ensure compliance and transparency in operations[140]. Environmental and Social Responsibility - The company has implemented a green and environmentally friendly factory initiative, including the installation of pollution control equipment[145]. - The company has not faced any administrative penalties related to environmental protection during the reporting period[150]. - The company has achieved a reduction in chemical oxygen demand and ammonia nitrogen discharge to 33,000 tons, which is below the national hazardous waste standards[144]. - The company has received multiple honors, including the "Most Caring Donation Group" at the 4th Changshu Charity Awards[150]. Employee Development and Management - The total number of employees in the parent company and major subsidiaries is 1,055, with 904 in the parent company and 151 in subsidiaries[174]. - The company conducted approximately 1,082 training sessions for employees throughout the year, focusing on safety, quality, and operational skills[176]. - The company has established a performance evaluation system for senior management, linking performance results directly to personal compensation[184]. - The company has seen a stable management team with no significant changes in senior management roles during the reporting period, except for one resignation due to personal reasons[172].

Financial Performance - In 2020, the company achieved a net profit of ¥221,068,503.16, with a net profit attributable to shareholders of ¥218,539,452.95, representing a significant recovery from a loss of ¥279,081,249.90 in 2019, marking a 178.31% increase[5]. - The company's operating revenue for 2020 was ¥2,600,522,072.61, a decrease of 11.56% compared to ¥2,940,367,595.71 in 2019[23]. - The net cash flow from operating activities was negative at ¥-380,310,350.44, a decline of 229.43% from positive cash flow of ¥293,829,357.63 in 2019[23]. - The net profit attributable to shareholders increased by 178.31% year-on-year, while the net profit after deducting non-recurring gains and losses rose by 149.26%[25]. - The company's basic and diluted earnings per share increased to CNY 0.19, a 176% increase compared to the previous year[25]. - The weighted average return on equity improved to 8.73%, an increase of 19.47 percentage points from the previous year[25]. - The gross profit margin for the main business was 15.56%, reflecting a decrease of 1.63 percentage points compared to the previous year[51]. - The company reported a significant reduction in sales expenses, which decreased by 72.08% to CNY 37,087,930.75[48]. - The total revenue for the year 2020 was approximately 279.08 million, showing a significant increase compared to 203.98 million in 2018, representing a growth of about 36.7%[114]. Assets and Liabilities - The total assets of the company at the end of 2020 were ¥4,742,081,444.07, an increase of 2.96% from ¥4,605,842,837.90 at the end of 2019[24]. - The net assets attributable to shareholders increased by 8.77% to ¥2,593,657,392.63 from ¥2,384,575,271.34 in 2019[24]. - As of December 31, 2020, the total assets of the company were CNY 4,742,081,444.07, with total liabilities of CNY 2,129,472,290.07 and shareholders' equity of CNY 2,612,609,154.00[46]. - The company's inventory decreased by 40.33% to 607,667,466.25 CNY, attributed to the implementation of new revenue recognition standards[62]. - The total assets at the end of the period were 4,743,000,000 CNY, with cash and cash equivalents accounting for 20.62% of total assets[62]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of ¥1 per 10 shares, totaling ¥113,323,200, based on a total share capital of 1,133,232,000 shares[5]. - In 2020, the company distributed cash dividends amounting to 218,539,452.95 RMB, representing 51.85% of the net profit attributable to shareholders[113]. - The company has maintained a stable cash dividend policy, distributing over 30% of net profit to shareholders annually[112]. Market and Industry Position - The company has been a leader in the ultra-high voltage transmission tower industry, producing 1000kV transmission line towers and composite insulator poles[35]. - The market outlook for the transmission tower industry is positive, driven by substantial electricity investment and the acceleration of grid construction during the 14th Five-Year Plan[69]. - The company is positioned to benefit from the "Belt and Road" initiative, which is expected to boost exports of tower products[69]. - The company has successfully expanded its international business, exporting products to Australia, the Americas, Europe, Africa, Asia, and countries along the Belt and Road[39]. Research and Development - The research and development expenses increased by 2.21% to CNY 15,492,239.86, indicating a continued focus on innovation[48]. - The number of R&D personnel was 102, making up 9.67% of the total workforce[58]. - The company is committed to continuous research and development to enhance product value and competitiveness in response to industry trends[103]. Governance and Compliance - The company has established a commitment to avoid any business activities that may lead to competition with its own operations, ensuring a focus on core business areas[115]. - The company has implemented measures to prevent any related party transactions that could harm shareholder interests, ensuring compliance with legal and regulatory standards[115]. - The company has maintained a good integrity status, with no court judgments or significant debts unpaid during the reporting period[122]. - The company has a governance structure that complies with the requirements of the Company Law and the Securities Law, ensuring clear responsibilities and operational norms[179]. Environmental and Social Responsibility - The company has implemented a green and environmentally friendly factory initiative, including the introduction of offline pulse bag dust removal systems to improve waste gas treatment[144]. - The company has established an emergency plan for environmental incidents, which was revised and approved by the local environmental protection bureau[147]. - The company has received multiple honors, including the "Most Caring Donation Group" at the 4th Changshu Charity Awards[150]. - The company has achieved a reduction in chemical oxygen demand and ammonia nitrogen discharge to 33,000 tons, which is below the national hazardous waste standards[144]. Strategic Initiatives - The company plans to focus on the development of ultra-high voltage backbone networks to enhance power exchange capabilities and improve grid safety[69]. - The company aims to establish itself as an international first-class tower enterprise and export base, focusing on the manufacturing of transmission and transformation towers across all voltage levels[102]. - The company will actively promote the development of cross-border electricity interconnection projects, aiming to complete nine cross-border direct current projects by 2025[96].

Financial Performance - In 2020, the company achieved a revenue of 1.7 billion yuan, a decrease of 15% compared to the previous year [2] - Operating profit was 149 million yuan, remaining stable compared to the same period last year [2] - Net profit after tax was 113 million yuan, a decrease of 22% year-on-year, but a 4.6% increase compared to the first half of the year [2] - The company faced a significant impairment loss of 467 million yuan in the previous year, resulting in a net loss of 280 million yuan in 2019 [2] Strategic Direction - The company aims to expand into a dual-main business model while maintaining its core operations [3] - Focus on product development and market expansion, particularly in high-end power equipment manufacturing, 5G, and military electronics [3] - Emphasis on R&D investment to enhance product value and competitiveness [3] Future Outlook - The company expects to sign contracts for over 180,000 tons in 2020, with sales slightly exceeding production [3] - Anticipated order from Southern Power Grid worth 470 million yuan, which could positively impact 2021 performance [3] - The main business is projected to enter a rapid development phase in the future [4]

2020 年第三季度报告 公司代码：601700 公司简称：风范股份 常熟风范电力设备股份有限公司 2020 年第三季度报告 二○二○年十月 1 / 29 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 9 | 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。 1.3 公司负责人范建刚、主管会计工作负责人刘雪峰及会计机构负责人（会计主管人员）赵玉萍 保证季度报告中财务报表的真实、准确、完整。 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 3 / 29 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年度末增 减(%) 总资产 4,771,206,714.99 4,605,842,837.90 3.59 归属于上市公 ...

2020 年半年度报告 公司代码：601700 公司简称：风范股份 常熟风范电力设备股份有限公司 2020 年半年度报告 二○二○年八月 1 / 131 2020 年半年度报告 重要提示 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 2020年上半年公司不进行利润分配，不以公积金转增股本。 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告涉及未来计划等前瞻性陈述，不构成公司对投资者的实质承诺，敬请投资者注意投资 风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 第二节 公司简介和主要财务指标 一、 公司信息 | 公司的中文名称 | 常熟风范电力设备股份有限公司 | | --- | --- | | 公司的中文简称 | 风范股份 | | 公司的外文名称 | Changshu Fengfan Power Equipment Co.,Ltd. | | 公司的外文名称缩写 | Changshu Fengfan Co.,Ltd. | | 公司的法定代表人 | 范建刚 | 九、 重大风险提示 报告期内，不存在对公司生产经营产生实质性 ...

2019 年年度报告 公司代码：601700 公司简称：风范股份 常熟风范电力设备股份有限公司 2019 年年度报告 二○二○年四月 1 / 163 2019 年年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实、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。 二、 公司全体董事出席董事会会议。 三、 中兴华会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 四、 公司负责人范建刚、主管会计工作负责人刘雪峰 及会计机构负责人（会计主管人员） 徐恒柯声明：保证年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 经中兴华会计师事务所（特殊普通合伙）审计，截止2019 年 12 月 31 日，公司净利润-27,967.66 万元，母公司未分配利润为-7,970.71 万元，2019 年度报告期内未盈利且累计未分配利润为负， 根据《公司章程》及公司实际情况，2019 年度公司拟不进行利润分配，不送红股，不以公积金转 增股本。 六、 前瞻性陈述的风险声明 √适用 □不适用 本报 ...

2020 年第一季度报告 公司代码：601700 公司简称：风范股份 常熟风范电力设备股份有限公司 2020 年第一季度报告 2020 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 单位：元 币种：人民币 | | 本报告期末 | 上年度末 | 本报告期末比上年度 末增减(%) | | | --- | --- | --- | --- | --- | | 总资产 | 4,675,785,992.13 | 4,605,842,837.90 | | 1.52 | | 归属于上市公司股东的净资产 | 2,449,977,748.17 | 2,384,575,271.34 | | 2.74 | | | 年初至报告期末 | 上年初至上年报告 期末 | 比上年同期增减(%) | | | 经营活动产生的现金流量净额 | -86,030,786.85 | -288,165,558.16 | | 70.15 | | | 年初至报告期末 | 上年初至上年报告 | 比上年同期增减（%） | | | | | 期末 | | | | 营业收入 | 461,783,124.13 | 536,734,705.09 | ...

常熟风范电力设备股份有限公司 2019 年第三季度报告 二○一九年十月 1 / 25 常熟风范电力设备股份有限公司 2019 年第三季度报告 公司代码：601700 公司简称：风范股份 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 5 | | 四、 | 附录 | 7 | 常熟风范电力设备股份有限公司 2019 年第三季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 | | | | | | 单位：元 币种：人民币 | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | 本报告期末 | | 上年度末 | | 本报告期末比上年 | | | | | | | | | 度末增减(%) | | | | 总资产 | 5,125,336,085.62 | | 4,676,308,447.94 | | 9.60 | | | | 归属于上市公司股东的净 | 2,789,563,723.11 | | 2,845,230,421.70 | | -1.96 | ...