Financial Performance - The company achieved a net profit attributable to shareholders of the parent company of ¥121,174,759.82 in 2021, with a cumulative profit available for distribution to shareholders of ¥524,188,117.81 by the end of 2021[6]. - The company's operating revenue for 2021 was CNY 1,319,528,496.10, representing a 19.00% increase compared to CNY 1,108,893,177.50 in 2020[24]. - Net profit attributable to shareholders increased by 39.02% to CNY 121,174,759.82 from CNY 87,163,846.86 in the previous year[24]. - The net profit after deducting non-recurring gains and losses rose by 104.11% to CNY 95,431,935.61, compared to CNY 46,754,264.02 in 2020[24]. - The company's total assets at the end of 2021 were CNY 4,137,226,347.93, a 2.72% increase from CNY 4,027,675,969.40 at the end of 2020[24]. - The weighted average return on equity increased to 3.91% in 2021, up from 2.88% in 2020, an increase of 1.03 percentage points[27]. - The basic earnings per share for 2021 was CNY 0.126, reflecting a 38.46% increase from CNY 0.091 in 2020[27]. - The gross profit margin increased by 1.64% year-on-year, contributing to the rise in net profit[28]. - The company reported a revenue of 1.32 billion RMB, a year-on-year increase of 19.00%, with operating costs rising by 16.48% to 998.48 million RMB[47]. - The company reported a total revenue of RMB 1,319.53 million for the year 2021, with domestic sales contributing RMB 842.58 million and international sales contributing RMB 476.95 million[196]. Dividends and Shareholder Returns - A cash dividend of ¥0.4 per 10 shares is proposed, amounting to a total cash dividend distribution of ¥38,376,000.00 (including tax) for the year[6]. - The total distributable profit for shareholders at the end of 2021 was 524,188,117.81 CNY, with a proposed cash dividend of 0.4 CNY per 10 shares, totaling 38,376,000.00 CNY (including tax)[132]. - The company has a cash dividend policy that prioritizes shareholder returns, which was approved in the 2013 annual shareholders' meeting[132]. - The company has a shareholder return plan for the next three years (2021-2023) approved on May 20, 2021[147]. Market and Operational Risks - The company faces market risks due to the cyclical nature of the shipping and marine engineering industries, which are influenced by fluctuations in the shipping market and international oil prices[10]. - Raw material price fluctuations pose a risk, as the main raw materials are steel products; the company has implemented cost control measures to mitigate these risks[10]. - The company is exposed to exchange rate risks due to product exports and has engaged in forward foreign exchange transactions to hedge against these fluctuations[10]. - The COVID-19 pandemic has introduced additional risks related to safety and performance, requiring enhanced risk management capabilities[10]. - The company recognizes market risks due to cyclical fluctuations in the shipping and marine engineering industries, which can impact new ship orders and prices[95]. - The company faces raw material price risks, particularly with steel products, which can affect production costs[95]. Production and Sales Performance - In 2021, the company achieved a net profit of 121.17 million RMB, reflecting a strong performance in the international shipping market with a 3.0% increase in completed shipbuilding tonnage[36]. - The company produced 110,661 tons of ship anchors, an increase of 3.25% year-on-year, while the production of mooring chains decreased by 40.09% to 14,570 tons[46]. - Total sales volume for the year was 120,494 tons, a decrease of 4.72% compared to the previous year, with ship anchors and accessories sales dropping by 9.7% to 100,336 tons[46]. - The company secured new orders totaling 144,300 tons during the reporting period, including 127,300 tons for ship anchors and accessories[51]. - The company’s production capacity in 2021 was 300,000 tons, with 160,000 tons for ship anchors and 110,000 tons for mooring chains[41]. Research and Development - Research and development expenses increased by 25.37% to 65.77 million RMB, indicating a focus on innovation and technology advancement[50]. - The company authorized 9 patents during the reporting period, including 3 invention patents and 6 utility model patents, and applied for 22 new patents[70]. - Research and development investments increased by 12% this year, focusing on innovative materials for anchor chains[112]. Corporate Governance - The company received a standard unqualified audit report from the auditing firm Tianye[5]. - All board members attended the board meeting, ensuring accountability for the report's accuracy and completeness[4]. - The board of directors consists of 9 members, including 3 independent directors, and held four board meetings during the reporting period[100]. - The supervisory board has 3 members, including one employee representative, and conducted three supervisory meetings, effectively monitoring the company's operations and financial status[100]. - The company maintains independence from its controlling shareholder in terms of assets, personnel, finance, and operations, ensuring independent decision-making processes[101]. - The company strictly adhered to information disclosure regulations, completing all required reports and announcements in a timely manner[101]. - The company has established specialized committees under the board, including an audit committee and a nomination committee, to enhance operational efficiency[100]. Financial Management - The company has implemented a unified accounting system for financial management across subsidiaries, ensuring coordinated oversight[136]. - The internal control audit for 2021 received a standard unqualified opinion, indicating no discrepancies with the company's self-evaluation[137]. - The company has retained the same accounting firm for auditing since 2007, with an audit fee of RMB 80,000 for the year 2021[160]. - Management is responsible for preparing financial statements in accordance with accounting standards to ensure fair representation[200]. Future Outlook - The company plans to achieve a revenue target of 1.45 billion in 2022, with 1 billion from ship anchor chains and 450 million from marine engineering mooring chains[92]. - The company aims to enhance market share by collaborating with international oil and energy companies and expanding the large-specification chain market[92]. - The company plans to expand into the mining equipment sector, as discussed in the strategic committee meeting[124]. - The company is exploring partnerships with international firms to enhance its technological capabilities and market reach[112].

Financial Performance - The company's operating revenue for Q1 2022 was ¥353,981,692.26, representing a decrease of 21.21% compared to the same period last year[6]. - The net profit attributable to shareholders of the listed company was ¥26,554,694.13, down 17.57% year-on-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥30,683,848.56, a decrease of 2.33% compared to the previous year[6]. - The basic earnings per share were ¥0.0277, reflecting a decline of 17.57% year-on-year[6]. - The total comprehensive income for the first quarter of 2022 was CNY 26,427,771.04, compared to CNY 32,320,197.12 in the first quarter of 2021, representing a decrease of approximately 18%[35]. Cash Flow - The net cash flow from operating activities increased by 25.37% to ¥71,598,455.39[6]. - The net cash flow from operating activities for the first quarter of 2022 was CNY 71,598,455.39, an increase of about 25% from CNY 57,109,587.24 in the same period last year[38]. - The total cash inflow from investment activities in the first quarter of 2022 was CNY 370,398,291.67, significantly higher than CNY 233,026,174.46 in the first quarter of 2021, marking an increase of approximately 59%[38]. - The net cash flow from investment activities for the first quarter of 2022 was CNY 25,065,558.49, compared to CNY 5,900,407.43 in the same period last year, indicating a substantial increase[38]. - The net increase in cash and cash equivalents for the first quarter of 2022 was CNY 92,693,984.10, compared to CNY 60,475,060.58 in the first quarter of 2021, reflecting an increase of about 53%[40]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,156,246,455.18, an increase of 0.46% from the previous year[9]. - The company's total assets increased to CNY 4,156,246,455.18 in Q1 2022 from CNY 4,137,226,347.93 in Q1 2021[29]. - Total liabilities decreased slightly to CNY 889,306,700.95 in Q1 2022 from CNY 896,714,364.74 in Q1 2021[29]. - The equity attributable to shareholders of the listed company was ¥3,172,065,099.12, up 0.84% from the previous year[9]. - The company's equity attributable to shareholders increased to CNY 3,172,065,099.12 in Q1 2022 from CNY 3,145,510,404.99 in Q1 2021[29]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 100,824[12]. - The company reported a total of 265,793,716 shares held by its largest shareholder, accounting for 27.70% of the total shares[18]. - The second largest shareholder holds 71,832,252 shares, representing 7.49% of the total shares[18]. Research and Development - Research and development expenses for Q1 2022 were CNY 9,865,056.01, down 17.2% from CNY 11,923,455.57 in Q1 2021[33]. Non-Recurring Items - Non-recurring gains and losses amounted to a total of -¥4,129,154.43 for the reporting period[11]. Other Information - The company has not disclosed any significant new product developments or market expansions during the reporting period[20]. - There were no significant mergers or acquisitions reported in the current quarter[20].

Financial Performance - The company's operating revenue for Q3 2021 was ¥258,219,404.77, representing a decrease of 10.39% compared to the same period last year[6]. - Net profit attributable to shareholders for Q3 2021 was ¥28,470,233.88, an increase of 5.89% year-over-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥22,150,345.80, showing a significant increase of 85.12% compared to the same period last year[6]. - The basic earnings per share for Q3 2021 was ¥0.0297, reflecting a growth of 6.07% year-over-year[6]. - The diluted earnings per share for Q3 2021 was also ¥0.0297, with a year-over-year increase of 6.07%[6]. - Total operating revenue for Q3 2021 reached ¥1,010,866,414.17, an increase of 20.2% compared to ¥840,725,204.90 in Q3 2020[27]. - Net profit for Q3 2021 was ¥98,105,019.50, representing a 42.5% increase from ¥68,799,368.77 in Q3 2020[30]. - Earnings per share for Q3 2021 were ¥0.1017, compared to ¥0.0705 in Q3 2020, indicating a growth of 44.5%[32]. - Financial income of ¥27,149,214.07 in Q3 2021, up from ¥16,478,566.37 in Q3 2020, marking a significant increase of 64.5%[27]. Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was -¥22,622,351.49, indicating a decline of 112.19% compared to the same period last year[6]. - Cash flow from operating activities in the first three quarters of 2021 was ¥1,109,796,716.71, compared to ¥1,021,472,320.33 in the same period of 2020, showing a growth of 8.6%[32]. - Cash outflow from operating activities totaled approximately ¥1.13 billion, compared to ¥835.82 million in the previous year, reflecting an increase of 35.5%[35]. - Cash inflow from investment activities was ¥499.09 million, down from ¥786.18 million year-over-year, representing a decrease of 36.6%[35]. - Net cash flow from investment activities improved to ¥68.47 million, compared to a negative cash flow of ¥6.85 million in the previous year[35]. - Cash inflow from financing activities was ¥300 million, consistent with the previous year[37]. - The company reported a significant increase in cash paid for operating activities, totaling ¥1.13 billion, compared to ¥835.82 million last year, indicating a rise of 35.5%[35]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,048,314,010.72, a slight increase of 0.51% from the end of the previous year[8]. - Total current assets as of September 30, 2021, amounted to RMB 3,126,349,119.25, an increase from RMB 3,052,059,378.99 at the end of 2020, reflecting a growth of approximately 2.43%[19]. - Total liabilities as of the latest report were ¥830,896,921.27, a decrease from ¥879,581,899.45 in the previous period[25]. - The total equity attributable to shareholders increased to ¥3,122,552,676.36 from ¥3,053,743,648.39, reflecting a growth of 2.3%[25]. - The total non-current liabilities were reported at ¥407,325,239.00, significantly higher than ¥107,382,355.42 in the previous period, indicating a strategic shift in financing[25]. - The company's total liabilities reached approximately ¥772.20 million, consistent with the previous year[39]. - The company's total assets amounted to approximately ¥4.03 billion, unchanged from the previous year[39]. Operational Costs and Expenses - Total operating costs for Q3 2021 were ¥917,340,262.89, up from ¥784,403,424.00 in Q3 2020, reflecting a growth of 16.9%[27]. - Research and development expenses for Q3 2021 amounted to ¥42,067,473.27, an increase of 12.5% from ¥37,274,569.96 in Q3 2020[27]. Strategic Investments - The company invested RMB 30,000,000 in the "Chun Da Ya Xing New Power No. 10 Private Securities Investment Fund" as part of its strategy to utilize idle funds for securities investment[17]. - The net asset value of the Chun Da No. 10 fund was reported at 1.048 as of the end of the reporting period[17].

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥752,647,009.40, representing a 36.21% increase compared to ¥552,576,720.74 in the same period last year[22]. - The net profit attributable to shareholders for the first half of 2021 was ¥69,120,794.09, a significant increase of 69.72% from ¥40,726,585.15 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was ¥56,665,812.68, compared to ¥32,686,534.75 in the same period last year, marking a 73.36% increase[22]. - The basic earnings per share for the first half of 2021 was ¥0.0720, up 69.41% from ¥0.0425 in the previous year[23]. - The weighted average return on equity increased to 2.24%, up by 0.89 percentage points from the previous year[23]. - The company achieved a sales revenue of 753 million RMB in the first half of 2021, with a total order intake of 58,600 tons, including 49,300 tons of ship anchor chains and 9,300 tons of marine oil platform mooring chains[35]. - The company reported a net profit of Zhenjiang Yaxing increased by 387.79% to ¥5,727,601.01, driven by higher sales volume and revenue growth[53]. Cash Flow and Assets - The net cash flow from operating activities was ¥60,953,027.62, a decrease of 28.25% compared to ¥84,952,825.99 in the same period last year[22]. - Total assets at the end of the reporting period were ¥4,070,543,152.75, a slight increase of 1.06% from ¥4,027,675,969.40 at the end of the previous year[22]. - The total cash inflow from operating activities was CNY 786,530,677.87, compared to CNY 635,347,787.67 in the first half of 2020, indicating a growth of 23.7%[127]. - Cash and cash equivalents at the end of the period reached CNY 1,060,759,074.67, up from CNY 637,632,470.74 at the end of the previous year, reflecting a growth of 66.2%[134]. - The total liabilities amounted to CNY 881,749,372.17, slightly up from CNY 879,581,899.45, showing a marginal increase of around 0.1%[104]. Market Risks - The company has identified market risks related to the shipping and marine engineering industries, which are influenced by cyclical fluctuations in the global economy[7]. - The company exports 30% of its products, making it susceptible to significant impacts from exchange rate fluctuations[9]. - The company faces significant market risks due to the cyclical nature of the shipping and marine engineering industries, influenced by global economic changes and international oil prices[54]. - Approximately 30% of the company's products are exported, exposing it to substantial exchange rate risks, which the company mitigates through forward foreign exchange contracts[54]. - The company has experienced fluctuations in the prices of its main raw materials, such as steel products, which poses a risk to its production operations[54]. Research and Development - Research and development expenses rose by 13.10% to ¥24,677,745.76 from ¥21,819,118.16, reflecting increased investment in R&D projects[39]. - Research and development expenses for the first half of 2021 were CNY 24,677,745.76, compared to CNY 21,819,118.16 in the same period last year, marking an increase of 8.5%[115]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 117,402[90]. - The largest shareholder, Tao Anxiang, held 265,793,716 shares, representing 27.70% of the total shares[90]. - The company has committed to a three-year shareholder return plan for 2021-2023, approved at the annual general meeting[71]. - The company has not distributed dividends or conducted capital reserve transfers during the reporting period[60]. - The company distributed dividends totaling CNY 34,336,624.32, slightly down from CNY 34,395,316.69 in the previous year[134]. Corporate Governance - The company has not faced any significant litigation or arbitration matters during the reporting period[74]. - The company has maintained a good integrity status, with no major debts unpaid or commitments unfulfilled during the reporting period[75]. - The company has not reported any changes in accounting policies or prior period error corrections during this reporting period[156]. Financial Instruments and Accounting Policies - The company applies relevant accounting standards for financial instruments in its financial reporting[193]. - Financial instruments include financial assets, financial liabilities, and equity instruments[195]. - The company recognizes foreign exchange differences as other comprehensive income and separately lists them under equity in the balance sheet[192]. - The company adheres to the Chinese accounting standards and prepares financial statements based on the going concern assumption[169].

2021 年第一季度报告 公司代码：601890 公司简称：亚星锚链 江苏亚星锚链股份有限公司 2021 年第一季度报告 1 / 24 2021 年第一季度报告 一、 二、 11Í 四、 目录 | --- | |----------------| | | | 重要提示 . | | 公司基本情况 . | | 重要事项 . | | 附录 . | 2 / 24 2021 年第一季度报告 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 公司负责人陶安祥 、主管会计工作负责人王桂琴及会计机构负责人（会计主管人员）朱磊保 证季度报告中财务报表的真实、准确、完整。 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 | --- | --- | --- | --- | |-----------------------------------------------|------------------|-------- ...

Financial Performance - The net profit attributable to the parent company for 2020 was CNY 87,163,846.86, with cumulative distributable profits at CNY 445,904,210.57[5] - The company's operating revenue for 2020 was CNY 1,108,893,177.50, a decrease of 13.64% compared to CNY 1,284,082,819.76 in 2019[23] - Net profit attributable to shareholders was CNY 87,163,846.86, down 3.05% from CNY 89,905,431.87 in the previous year[23] - The net profit after deducting non-recurring gains and losses was CNY 46,754,264.02, a decrease of 7.72% from CNY 50,666,337.93 in 2019[23] - The net cash flow from operating activities increased by 34.15% to CNY 156,801,911.99 from CNY 116,888,207.03 in 2019[23] - Basic earnings per share for 2020 were CNY 0.091, a decrease of 3.19% from CNY 0.094 in 2019[26] - The weighted average return on net assets was 2.88%, down 0.17 percentage points from 3.05% in 2019[26] - The company achieved a cash flow from operating activities of 156.80 million RMB, an increase of 34.15% compared to the previous year[45] - The company reported a net profit of CNY 19,405,493.76 in Q2 2020, with a total operating revenue of CNY 289,312,416.45[27] Dividend Distribution - The company plans to distribute a cash dividend of CNY 0.3 per 10 shares, totaling CNY 28,782,000 (including tax) to shareholders[5] - The company achieved a net profit of 87,163,846.86 CNY for the year 2020, with a cumulative profit available for distribution to shareholders of 445,904,210.57 CNY[97] Market Risks - The company faces market risks due to the cyclical nature of the shipping and marine engineering industries, influenced by shipping market conditions and international oil prices[7] - Raw material price fluctuations pose a risk, as the main materials are steel products, and the company has implemented cost control measures to mitigate this impact[9] - Approximately 50% of the company's products are exported, making it susceptible to exchange rate fluctuations, which the company aims to hedge through forward foreign exchange contracts[9] - The COVID-19 pandemic has introduced additional risks related to safety and performance, requiring enhanced risk management capabilities[9] - The company faces risks related to market fluctuations, raw material price volatility, exchange rate changes, and the ongoing impact of the COVID-19 pandemic[95] Production and Sales - The company produced 107,176 tons of ship anchor chains in 2020, an increase of 6,526 tons or 6.48% year-on-year[45] - Total sales volume for the year was 126,469 tons, a decrease of 9,233 tons or 6.8% compared to the previous year[45] - The company secured orders totaling 123,800 tons during the reporting period, with 97,100 tons for ship anchor chains and 26,700 tons for marine platform mooring chains[49] - The sales of marine platform mooring chains decreased by 39.77% year-on-year, totaling 15,350 tons[49] - The marine engineering sector reported revenue of ¥192,015,125.95, a decrease of 45.87% year-over-year, with a gross margin of 29.95%, down 1.53 percentage points[50] - The shipbuilding sector generated revenue of ¥883,182,257.68, a slight decline of 1.21% year-over-year, with a gross margin of 20.55%, down 3.02 percentage points[50] Research and Development - The company’s R&D expenses were 52.46 million RMB, a decrease of 10.04% from the previous year[45] - Total R&D investment reached 52,459,368.70 CNY, accounting for 4.73% of operating revenue, with 221 R&D personnel representing 13.97% of total staff[64] - The company authorized 20 patents during the reporting period, including 3 domestic inventions and 1 international invention, and applied for 28 new patents[65] - Investment in research and development has been prioritized to foster innovation and meet evolving customer demands[154] Financial Management - The fair value of trading financial assets decreased by CNY 37,932,841.97, impacting profit by CNY 5,345,491.86[34] - Financial expenses increased by 85.87% year-on-year, amounting to -1,351,371.89 CNY, primarily due to exchange rate fluctuations and increased interest income[63] - Non-operating income significantly impacted profits, with government subsidies of 12,069,358.15 CNY and financial product income of 27,176,285.41 CNY contributing to a total profit impact of 39,245,643.55 CNY[69] - Accounts receivable financing increased by 904.74% to 28,838,977.38 CNY, reflecting a shift in management practices[72] Corporate Governance - The company has maintained a good integrity status during the reporting period, with no significant debts or regulatory penalties reported[114] - The company has not encountered any major litigation or arbitration matters during the reporting period[114] - The company has continued its relationship with the auditing firm since 2007, with an audit fee of RMB 800,000 for 2020[110] - The company strictly adhered to information disclosure regulations, enhancing transparency and protecting minority shareholders' rights[174] - The company has established a robust internal control system, with no major deficiencies reported during the evaluation[182] Social Responsibility - The company actively participates in social responsibility initiatives, including poverty alleviation projects and charitable donations[128] - The company has provided material assistance to impoverished families and has focused on enhancing their skills and knowledge[131] - The total funding for targeted poverty alleviation reached 15.47 million[132] - The company maintains a commitment to social responsibility and investor relations management[133] Employee Management - The total number of employees in the parent company and major subsidiaries is 1,582, with 922 in the parent company and 660 in major subsidiaries[166] - The company has established a training plan that includes quality management system training, heat treatment knowledge training, safety knowledge training, equipment operation and maintenance training, and non-destructive testing training[168] - The company has implemented a compensation policy that combines individual earnings with company performance to enhance employee motivation[167] Future Outlook - The company aims to achieve a revenue target of 1.2 billion CNY for 2021, with 800 million CNY from ship anchor chains and 400 million CNY from marine engineering mooring chains[92] - The company plans to enhance its market share by strengthening cooperation with international oil companies and expanding into large-specification chain markets[92] - Future outlook indicates a focus on expanding market presence and enhancing product offerings, with specific strategies to be detailed in upcoming reports[154] - The management team remains optimistic about long-term growth prospects despite current market challenges[154]

2020 年第三季度报告 公司代码：601890 公司简称：亚星锚链 江苏亚星锚链股份有限公司 2020 年第三季度报告 1 / 25 2020 年第三季度报告 一、 重要提示 二、 公司基本情况. 11[ 重要事项 四、 附录 目录 2 / 25 2020 年第三季度报告 单位：元 币种：人民币 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 公司负责人陶安祥、主管会计工作负责人王桂琴及会计机构负责人（会计主管人员）何欣保 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 | --- | --- | --- | --- | |-----------------------------------------------|------------------------------|------------------------------------|-- ...

Financial Performance - The company's operating revenue for the first half of 2020 was ¥552,576,720.74, a decrease of 2.71% compared to ¥567,953,553.33 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was ¥40,726,585.15, down 6.91% from ¥43,749,031.33 year-on-year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 14.53% to ¥32,686,534.75 from ¥28,538,631.04 in the previous year[22]. - The net cash flow from operating activities was ¥84,952,825.99, a significant improvement from a negative cash flow of ¥63,898,577.08 in the same period last year, representing a 232.95% increase[22]. - Basic earnings per share for the first half of 2020 were ¥0.0425, a decrease of 6.80% from ¥0.0456 in the same period last year[23]. - The diluted earnings per share also stood at ¥0.0425, reflecting the same decline of 6.80% year-on-year[23]. - The weighted average return on net assets was 1.35%, a decrease of 0.14 percentage points compared to 1.49% in the previous year[23]. - Operating revenue decreased by 2.71% to ¥552,576,720.74 compared to ¥567,953,553.33 in the same period last year[40]. - Operating costs decreased by 2.07% to ¥415,384,746.03 from ¥424,158,849.33 year-on-year[40]. - Research and development expenses decreased by 25.08% to ¥21,819,118.16 from ¥29,121,337.57 year-on-year[40]. Sales and Production - The company achieved a sales revenue of 553 million RMB in the first half of 2020, a decrease of 2.71% year-on-year[36]. - The company produced 43,982 tons of ship anchor chains, a decrease of 6.05% year-on-year, and 10,580 tons of mooring chains, down 26.91% year-on-year[37]. - Total sales volume reached 60,097 tons, an increase of 1.52% year-on-year, with ship anchor chains and accessories sales rising by 4.24%[37]. - The company held orders worth 961 million RMB at the end of the reporting period, including 548 million RMB for ship anchor chains and accessories, and 413 million RMB for mooring chains and accessories[36]. Market Position and Risks - The company is the largest anchor chain manufacturer globally, with approximately 60% of its products exported to countries such as Japan, South Korea, Europe, and the United States[30]. - The company faces market risks due to cyclical fluctuations in the shipping and marine engineering industries, which can impact new ship orders and prices[7]. - The company is exposed to raw material price risks, particularly for steel products, which experienced price volatility during the reporting period[62]. - Approximately 60% of the company's products are exported, making it vulnerable to significant impacts from exchange rate fluctuations[62]. - The company has implemented forward foreign exchange contracts with banks to hedge against exchange rate risks[62]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,988,762,052.84, an increase of 2.37% compared to ¥3,896,437,318.03 at the end of the previous year[22]. - The total liabilities amounted to ¥888,078,918.50, compared to ¥808,711,457.09, marking an increase of approximately 9.8%[101]. - Total current assets increased to ¥2,999,072,064.03, up from ¥2,889,172,788.80, representing a growth of approximately 3.8%[95]. - Cash and cash equivalents decreased to ¥1,109,539,344.09 from ¥1,199,918,211.26, a decline of about 7.5%[95]. - Accounts receivable rose to ¥355,974,807.67, compared to ¥328,529,786.34, indicating an increase of approximately 8.4%[95]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 126,756[86]. - The largest shareholder, Tao Anxiang, holds 265,793,716 shares, representing 27.70% of the total shares[86]. - The company issued cash dividends of ¥28,782,000 during the reporting period, impacting net cash flow from financing activities, which decreased by 515.42% to -¥34,395,316.69[41]. Social Responsibility - The company has actively participated in social responsibility initiatives, including poverty alleviation projects and charitable donations[76]. - The company actively participated in poverty alleviation activities, investing a total of 38.17 million in various initiatives[78]. - The company plans to further promote town-enterprise pairing poverty alleviation efforts, emphasizing its commitment to social responsibility[79]. Governance and Compliance - The company has maintained good integrity, with no instances of failing to repay large debts or fulfill commitments[70]. - There are no significant litigation or arbitration matters reported during the reporting period[70]. - The company has not faced any administrative penalties from environmental protection authorities during the reporting period[82]. - The company strictly adheres to national environmental protection laws and regulations[82]. Accounting Policies - The company’s financial statements are prepared based on the going concern principle, indicating a good ability to continue operations for the next 12 months[160]. - The company adheres to the Chinese Accounting Standards, ensuring that its financial reports accurately reflect its financial status and operational results[163]. - The company’s accounting period runs from January 1 to December 31 each year, with a normal operating cycle defined as 12 months[164]. - There were no significant changes in accounting policies or estimates that would materially affect the company's financial position or operating results[82].

2020 年第一季度报告 公司代码：601890 公司简称：亚星锚链 江苏亚星锚链股份有限公司 2020 年第一季度报告 1 / 19 2020 年第一季度报告 一、 二、 11Í 四、 目录 | --- | |----------------| | | | 重要提示 . | | 公司基本情况 . | | 重要事项 . | | 附录 . | 2 / 19 2020 年第一季度报告 单位：元 币种：人民币 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 公司负责人陶安祥、主管会计工作负责人王桂琴及会计机构负责人（会计主管人员）何欣保 证季度报告中财务报表的真实、准确、完整。 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 | --- | --- | --- | --- | |-----------------------------------------------|---------------- ...

Financial Performance - The company achieved a net profit attributable to shareholders of 89,905,431.87 yuan for the year 2019, with a cumulative profit available for distribution to shareholders of 409,025,902.77 yuan[6]. - The company's operating revenue for 2019 was CNY 1,284,082,819.76, representing a year-on-year increase of 23.77% compared to CNY 1,037,512,425.34 in 2018[23]. - The net profit attributable to shareholders for 2019 was CNY 89,905,431.87, a significant recovery from a loss of CNY 14,683,223.55 in 2018[23]. - The net cash flow from operating activities increased by 231.14% to CNY 116,888,207.03, up from CNY 35,298,603.06 in the previous year[26]. - The total assets at the end of 2019 were CNY 3,896,437,318.03, reflecting a 3.19% increase from CNY 3,775,840,557.90 at the end of 2018[23]. - The basic earnings per share for 2019 was CNY 0.094, compared to a loss of CNY 0.015 per share in 2018[26]. - The weighted average return on equity for 2019 was 3.05%, a recovery from -0.50% in 2018[26]. - The company reported a quarterly revenue of CNY 364,112,766.65 in Q1 2019, with a net profit of CNY 24,028,306.64 for the same period[27]. - The total net profit for Q4 2019 was CNY 20,004,639.26, with a revenue of CNY 327,051,097.88[27]. - Non-recurring gains and losses for 2019 totaled CNY 39,239,093.94, compared to CNY 35,549,941.58 in 2018[34]. Dividend Distribution - The proposed cash dividend distribution is 0.3 yuan per 10 shares, totaling 28.782 million yuan (including tax) to be distributed to all shareholders[6]. - The company reported a net profit of ¥89,905,431.87 for the year 2019, with a cumulative distributable profit of ¥409,025,902.77 by the end of 2019[105]. - The company plans to distribute a cash dividend of ¥0.3 per 10 shares, totaling ¥28,782,000 (including tax) for the year 2019[106]. Market Risks - The company faces significant market risks due to the cyclical nature of the shipping and marine engineering industries, which are influenced by global economic fluctuations and international oil prices[10]. - Approximately 60% of the company's products are exported, making it vulnerable to exchange rate fluctuations, which the company mitigates through forward foreign exchange contracts[10]. - The company emphasizes the need for enhanced risk management capabilities in light of the COVID-19 pandemic, which introduces new safety and performance risks[10]. - The company faces market risks due to cyclical fluctuations in the shipping and marine engineering industries, which can impact new ship orders and prices[100]. Production and Sales - The company produced 100,650 tons of ship anchor chains in 2019, an increase of 3.17% year-on-year, and 23,803 tons of mooring chains, up 18.06% year-on-year[46]. - Total sales reached 135,702 tons, a year-on-year increase of 3.00%, with sales revenue of 1.284 billion RMB, up 23.77% from the previous year[46][50]. - The company secured orders totaling 127,200 tons during the reporting period, with 108,900 tons for ship anchor chains and 18,300 tons for offshore oil platform mooring chains[50]. - The offshore industry reported revenue of ¥354,710,751.29, with a year-over-year increase of 69.18% driven by a 39.04% rise in sales volume and an increase in average selling price[54]. - The shipbuilding industry generated revenue of ¥894,027,613.12, reflecting a year-over-year growth of 13.26%[62]. - Domestic sales amounted to ¥536,386,735.59, up 25.79% year-over-year, while foreign sales reached ¥712,351,628.82, increasing by 24.40%[62]. Cost Management - The company has implemented cost control measures to alleviate the impact of raw material price volatility on its operations[10]. - The main raw materials for the company are steel products, which have experienced price fluctuations during the reporting period, posing a risk to production operations[10]. - Raw material costs in the shipbuilding industry accounted for 78.69% of total costs, with a year-over-year increase of 2.81%[63]. - The gross margin for the offshore industry improved by 3.16 percentage points to 31.48%, while the shipbuilding industry saw an increase of 8.48 percentage points to 23.57%[62]. Research and Development - Research and development expenses increased by 24.00% to 58.31 million RMB, reflecting the company's commitment to innovation[47]. - The total R&D expenditure for the period was ¥58,312,712.63, accounting for 4.54% of operating revenue[69]. - The company has 234 R&D personnel, representing 14.27% of the total workforce[69]. - The company authorized 4 patents during the reporting period, including 3 invention patents and 1 utility model patent[70]. Financial Management - The company has a standard unqualified audit report issued by the public accounting firm Tianye[5]. - The board of directors and senior management have confirmed the accuracy and completeness of the financial report[4]. - The company does not have any non-operating fund occupation by controlling shareholders or related parties[8]. - The company has implemented new financial instrument standards starting January 1, 2019, affecting the classification and measurement of financial assets[113]. - Financial assets are now categorized into three main types based on cash flow characteristics and business model, replacing previous classifications[113]. - The new impairment model requires the recognition of expected credit losses, moving from an incurred loss model to a three-stage model[114]. Corporate Governance - The company has committed to a shareholder return plan for the years 2018-2020, approved at the 2017 annual general meeting[109]. - The actual controllers of the company have made long-term commitments to avoid competition and related transactions since 2010[109]. - The company has not proposed a cash profit distribution plan despite having positive distributable profits for the reporting period[108]. - The company has not faced any penalties from securities regulatory authorities in the past three years[181]. - The company has established a fourth supervisory board consisting of 3 supervisors, including 1 employee representative, complying with legal requirements[190]. - The company has conducted one annual general meeting in 2019, adhering to legal procedures and ensuring transparency[193]. Social Responsibility - The company has actively participated in social responsibility initiatives, including poverty alleviation efforts, contributing 78,000 RMB to targeted poverty alleviation projects[148]. - The company has improved rural living conditions through various projects, with a total investment of 54.95 million RMB in other initiatives aimed at enhancing the quality of life for farmers[151]. - The company actively engages in social responsibility initiatives, aiming for harmony between corporate development and societal progress[152]. - The company does not belong to the key pollutant discharge units as per environmental protection department announcements[155]. - The company has not disclosed any environmental information due to not being classified as a key pollutant discharge unit[156].