Financial Performance - In 2022, the company achieved a net profit attributable to shareholders of 142,036,399.47 RMB, a significant increase of 345.48% compared to 31,884,063.41 RMB in 2021[4]. - The company's operating income for 2022 was 5,345,263,618.25 RMB, reflecting a decrease of 11.79% from 6,059,536,690.30 RMB in 2021[22]. - The net cash flow from operating activities was 76,907,223.18 RMB, down 87.10% from 596,268,134.18 RMB in the previous year[22]. - The total assets at the end of 2022 were 6,283,205,205.11 RMB, a decrease of 5.95% compared to 6,680,998,471.87 RMB at the end of 2021[22]. - The company's net assets attributable to shareholders increased by 41.80% to 2,381,755,290.63 RMB from 1,679,653,107.51 RMB in 2021[22]. - Basic earnings per share for 2022 were 0.2608 RMB, up 317.95% from 0.0624 RMB in 2021[23]. - The weighted average return on equity increased by 5.45 percentage points to 7.34% in 2022 from 1.89% in 2021[23]. - The company reported a net profit excluding non-recurring gains and losses of 93,971,074.29 RMB, a substantial increase of 3,230.04% from 2,821,921.34 RMB in 2021[22]. - The company achieved a main business revenue of ¥578,134,547.80 in 2022, representing a year-on-year growth of 3.71%, and a net profit of ¥23,489,300, up 5.05% year-on-year[31]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion in 2022, representing a 20% growth year-over-year[81]. Production and Sales - In 2022, the company produced 31.52 million compressors, a year-on-year decrease of 19.80%, and sold 32.02 million units, down 15.96%[28]. - The main business revenue from compressors was 4,111,454,607.81 RMB, a decline of 14.23%, while net profit reached 98.71 million RMB, showing positive growth[28]. - The company produced 62,312 refrigeration devices, down 19.15%, and sold 63,992 units, a decrease of 11.82%[29]. - Revenue from refrigeration equipment was 323,888,142.93 RMB, down 12.22%, but net profit increased by 85.07% to 2.09 million RMB[29]. - The company produced 21.19 million motors, with a year-on-year increase of 1.88%, and sold 21.21 million units, up 2.20%[30]. - Revenue from the motor business was 114,160,172.84 RMB, a decrease of 7.47%, while net profit rose by 67.25% to 42.36 million RMB[30]. - The company’s production of compressors was 3,152,210 units, with sales of 3,202,720 units, reflecting a year-on-year decrease of 19.80% in production[45]. - The company sold a total of 32.03 million compressors in 2022, maintaining a leading position in the industry[59]. Market Expansion and Strategy - The company is focusing on digital transformation and optimizing product layout to enhance profitability and market competitiveness[28]. - The company has expanded its overseas market efforts, particularly in the B2C cross-border e-commerce sector, achieving a 21% increase in sales revenue[29]. - The company is actively expanding its market presence, particularly in the automotive parts sector, with a focus on precision manufacturing and increasing sales of automotive components[37]. - The company is committed to enhancing brand influence and identifying breakthrough opportunities in external markets[67]. - The company aims to expand its market presence by leveraging new technologies, products, and features to achieve breakthroughs in previously untapped markets[68]. - The company is actively pursuing international trade development strategies to enhance its global market share and attract high-quality clients[68]. Research and Development - The company developed a total of 75 new products in 2022, achieving a completion rate of 100%, including the "VBF ultra-efficient variable frequency compressor" with a COP value of 2.15, leading globally[32]. - The company successfully developed a refrigeration compressor with a cooling temperature of -86℃ and achieved a breakthrough in ultra-low temperature technology at -200℃, filling a gap in the light commercial compressor market[33]. - Research and development expenses totaled 265,547,795.03 RMB, representing 4.97% of total revenue[50]. - The company is focusing on the development of new products such as smart home ice cream machines to meet the demands of younger consumers[66]. - The company is committed to achieving "near-zero carbon" industrial park construction projects to support green and low-carbon development initiatives[69]. Financial Management and Governance - The company maintains a robust corporate governance structure, ensuring compliance with legal regulations and protecting shareholder rights[75]. - The company approved the extension of the validity period for the 2021 non-public issuance of A-shares at the shareholders' meeting held on January 25, 2022[77]. - The company reported a total remuneration of 654.62 million yuan for directors and senior management during the reporting period[80]. - The company has implemented a restricted stock incentive plan for its executives, with significant stock increases for several directors[80]. - The company held three shareholder meetings in 2022, with key decisions including the approval of the 2021 annual report and the addition of new directors[77]. - The company is focused on maintaining independence from its controlling shareholders and has measures in place to ensure operational autonomy[77]. Environmental and Social Responsibility - The company has invested a total of 1.864 million CNY in social responsibility projects, including 600,000 CNY for the 2022 National Table Tennis Championship[126]. - The company has committed 200,000 CNY annually to the Baiji Dolphin Foundation for ecological protection activities[126]. - The company has implemented energy-saving measures, including the installation of solar panels on factory rooftops, which meet 8% of the headquarters' electricity needs[123]. - The company has initiated a wastewater recycling program to reduce water consumption in its operations[123]. - The company has been recognized as a "National Green Factory Demonstration Enterprise" and has received multiple environmental awards[123]. Stock and Shareholder Management - The company plans to repurchase shares within 60 days after the shareholders' meeting resolution, with a maximum of 2% of total shares in a single repurchase and 5% in a single fiscal year[130]. - The stock repurchase plan will be initiated within 10 days after the triggering conditions are met, requiring board approval within 30 days[129]. - The company will hold a shareholder meeting to approve the stock repurchase plan, requiring a two-thirds majority vote from attending shareholders[129]. - The company has outlined a clear sequence of actions for stock price stabilization, starting with stock repurchase[129]. - The company has committed to stabilizing its stock price if the closing price is below the audited net asset value per share for 20 consecutive trading days[129]. Audit and Compliance - The audit opinion confirmed that the financial statements fairly reflect the company's financial position as of December 31, 2022[180]. - The audit highlighted the importance of accounts receivable and the estimation of bad debt provisions as a critical area of focus[185]. - The company has no major litigation or arbitration matters during the reporting period[147]. - The company has no plans or measures in place regarding delisting risks[146]. - The company has no major related party transactions that deviate significantly from market prices[148].

Financial Performance - The company's operating revenue for Q3 2022 was ¥1,389,360,048.36, representing a year-on-year increase of 2.81%[5] - The net profit attributable to shareholders for the same period was ¥24,444,101.06, showing a significant increase of 14,168.50% compared to the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses reached ¥16,399,969.97, with a year-to-date increase of 9,357.76%[5] - Basic earnings per share for Q3 2022 were ¥0.0449, reflecting a year-on-year increase of 14,866.67%[6] - The weighted average return on equity for the period was 1.22%, an increase of 1.19 percentage points compared to the previous year[6] - Total revenue for the first three quarters of 2022 was CNY 4,199,119,580.03, a decrease of 7.6% compared to CNY 4,541,811,466.42 in the same period of 2021[23] - Net profit for the first three quarters of 2022 was CNY 95,871,367.03, compared to CNY 16,322,370.17 in 2021, indicating a significant increase[24] - The company's operating profit for the first three quarters of 2022 was CNY 109,779,919.91, up from CNY 21,959,038.19 in the previous year[24] - The total comprehensive income for the third quarter of 2022 was CNY 93,128,387.30, compared to CNY 16,424,065.89 in the same period last year[25] - Basic and diluted earnings per share for the third quarter were CNY 0.1789, an increase from CNY 0.0449 year-over-year[25] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥6,462,635,257.52, a decrease of 3.27% from the previous year[6] - The total assets as of the end of the third quarter of 2022 amounted to CNY 6,462,635,257.52, compared to CNY 6,680,998,471.87 at the end of 2021[19] - Total liabilities decreased to CNY 3,888,569,286.46 from CNY 4,757,463,903.20 in the previous year, representing a reduction of 18.3%[19] - The company's equity increased to CNY 2,574,065,971.06 from CNY 1,923,534,568.67, reflecting a growth of 34%[19] - The equity attributable to shareholders increased to ¥2,327,541,960.21, marking a growth of 38.57% year-on-year[6] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥90,237,378.82, a decline of 87.91% compared to the previous year[6] - Cash flow from operating activities for the first three quarters of 2022 was CNY 90,237,378.82, a significant decrease from CNY 746,169,548.59 in the previous year[27] - Total cash inflow from operating activities was CNY 5,312,255,279.15, slightly up from CNY 5,272,074,013.66 year-over-year[27] - Cash outflow for purchasing goods and services was CNY 4,575,421,119.56, compared to CNY 3,720,416,513.97 in the same period last year[27] - Net cash flow from investing activities was -CNY 156,109,119.14, an improvement from -CNY 179,294,880.29 year-over-year[28] - Cash flow from financing activities generated a net cash inflow of CNY 277,405,250.16, compared to a net outflow of -CNY 305,353,801.54 in the previous year[28] - The ending balance of cash and cash equivalents was CNY 731,800,773.16, down from CNY 824,703,338.12 at the end of the previous year[28] - The company received CNY 612,060,564.72 from investment activities, indicating ongoing capital inflow[28] Shareholder Information - Total number of common shareholders at the end of the reporting period was 26,232[11] - The largest shareholder, Huangshi Huizhi Investment Partnership, holds 293,190,042 shares, accounting for 47.11% of total shares[11] Operational Insights - The company attributed the increase in net profit to improved product profitability and enhanced cost control measures[10] - The company plans to continue focusing on market expansion and new product development to drive future growth[24] - The company has not disclosed any significant new product or technology developments in the recent reports[14] Stock and Capital Management - The company approved a stock incentive plan on April 19, 2022, which was later approved by the annual general meeting on May 20, 2022[14] - The company completed the registration of its non-public offering of A-shares on August 19, 2022[15] - The company plans to use part of the raised funds to increase capital in subsidiaries for project implementation[15] Inventory and Receivables - Accounts receivable decreased to ¥1,508,805,814.13 from ¥1,539,261,394.13 year-over-year[17] - Inventory decreased to ¥673,767,072.90 from ¥851,644,797.66 year-over-year[17] - Total current assets as of September 30, 2022, were ¥4,433,814,626.03, down from ¥4,757,151,474.96 at the end of 2021[17] Non-Recurring Items - Non-recurring gains and losses for the period totaled ¥8,044,131.09, down from ¥34,014,381.77 in the previous year[9] - Research and development expenses for the first three quarters of 2022 were CNY 163,571,934.81, a decrease of 26.7% from CNY 223,006,803.34 in 2021[23] Currency and Translation - The company reported a foreign currency translation difference of -CNY 2,742,979.73, reflecting currency fluctuations[25]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 2,809,759,531.67, a decrease of 11.93% compared to the same period last year[19]. - Net profit attributable to shareholders was CNY 69,036,945.83, an increase of 202.65% year-on-year, primarily due to improved cost control and increased government subsidies[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 43,066,695.15, reflecting a significant increase of 491.89% compared to the previous year[21]. - The net cash flow from operating activities was CNY 76,818,416.20, down 87.13% year-on-year, mainly due to increased cash payments for goods purchased[21]. - Basic earnings per share for the first half of 2022 were CNY 0.1350, up 202.69% from CNY 0.0446 in the same period last year[20]. - The company's operating revenue for the current period is ¥2,809,759,531.67, a decrease of 11.93% compared to ¥3,190,460,170.54 in the same period last year[39]. - Operating costs decreased by 12.40% to ¥2,479,926,145.82 from ¥2,831,084,737.76 year-on-year[39]. - The company reported a net profit increase, with retained earnings rising from CNY 584,542,528.73 to CNY 628,013,474.56, an increase of approximately 7.43%[105]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 6,565,154,257.55, a decrease of 1.73% from the end of the previous year[19]. - The net assets attributable to shareholders at the end of the reporting period were CNY 1,723,041,877.62, an increase of 2.58% compared to the end of the previous year[19]. - Total liabilities decreased from CNY 4,757,463,903.20 to CNY 4,597,002,471.27, a reduction of about 3.37%[105]. - Total equity increased from CNY 1,923,534,568.67 to CNY 1,968,151,786.28, an increase of about 2.32%[105]. - The total equity attributable to shareholders of the parent company was ¥1,679,653,107.51 at the beginning of the year, with a decrease of ¥43,470,945.83 during the first half of 2022[123]. Sales and Production - The company faced a decrease in compressor product sales, which contributed to the decline in operating revenue[20]. - The company produced 15.70 million compressors in the first half of 2022, a year-on-year decrease of 23.54%, and sold 16.23 million compressors, down 24.00% year-on-year[33]. - The company produced 33,845 refrigeration appliances, a decrease of 31.5% year-on-year, and sold 33,677 units, down 20.49% year-on-year, with revenue of 159.98 million yuan, a drop of 24.78%[34]. - The motor business saw production of 10.03 million units, an increase of 10% year-on-year, and sales of 9.78 million units, up 6.23% year-on-year, with revenue of 68.63 million yuan, a growth of 21.71%[35]. Research and Development - The company has over 500 patents in the compressor industry and has received multiple honors, including the National Technology Innovation Demonstration Enterprise award, highlighting its strong R&D capabilities[30]. - Research and development expenses decreased by 19.19% to ¥109,418,425.52 from ¥135,399,349.30 year-on-year[39]. - The company is committed to innovation, with a focus on developing variable frequency compressors that are energy-efficient and reliable, receiving positive feedback from users[30]. Market and Competition - The company is facing challenges such as a slight decline in compressor demand and increased competition, prompting a focus on smart manufacturing and cost control strategies[28]. - Market competition is intense, with the company planning to enhance competitiveness through cost control and improved production processes[51]. Corporate Governance and Compliance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[5]. - The company guarantees that it will not occupy the funds, assets, or other resources of Dongbei Group, ensuring compliance with legal and regulatory standards[71]. - The company has committed to maintaining the independence of its operations, ensuring that it has the necessary assets, personnel, and qualifications to operate independently in the market[71]. Environmental and Social Responsibility - The company aims to peak carbon emissions before 2030 and achieve carbon neutrality by 2060, with a focus on expanding the use of clean energy[61]. - The company invested 102,400 yuan to repair 88 solar streetlights in a village, enhancing nighttime visibility for residents[62]. - The company spent 173,900 yuan on employment assistance initiatives in Tibet, promoting economic and cultural exchanges[62]. Stock and Shareholder Information - The company plans to distribute profits through a stock dividend of 0.00 yuan per 10 shares and does not intend to increase capital from reserves[57]. - The company has completed the grant registration for the 2022 restricted stock incentive plan in June 2022[58]. - The company granted 11,045,100 restricted shares to 288 incentive objects, increasing total shares from 511,320,000 to 522,365,100[85]. Risk Management - The company faces risks from raw material price fluctuations, which could directly impact production costs and operating performance[51]. - The company is implementing strategies to mitigate risks associated with interest rate fluctuations that may increase financial expenses and reduce profitability[51]. Financial Independence - The company reported a commitment to maintain financial independence, ensuring that its financial accounting department operates independently and has a complete financial management system[71]. - The company has pledged to maintain a complete and independent organizational structure, ensuring that its governance operates in accordance with legal and regulatory requirements[71].

证券代码：601956 证券简称：东贝集团 湖北东贝机电集团股份有限公司 投资者关系活动记录表 | --- | --- | --- | |---------------------|-------------------------------|-----------------------------------------------------------------------------------| | 投资者关系 活动类别 | ☑ \n□新闻发布会 \n☑ \n□其他 | 特定对象调研 □分析师会议 \n□媒体采访 □业绩说明会 \n□路演活动 \n现场参观 □电话会议 | | | 海尔资本 卫岭 | | | | 长江养老保险 | 龚文芹、夏洋 | | | 华泽资产 史文锋、尹国勤 | | | | 美阳投资 | 胡智敏、李思隆 | | | 久银控股 金艳东 | | | 参与单位名称 | 合作投资 | 王神海、叶丹 | | | 咏泽基金 倪勇、黄尚文 | | | | 瑞恒信投资 陈勇 | | | | 武汉汉略达 闵毅 | | | | 腾翼投资 张万豪 | | | | 高净值个人 曹子建 | | | ...

Financial Performance - In 2021, the company achieved a total revenue of ¥6,059,536,690.30, representing a 16.28% increase compared to ¥5,211,242,709.81 in 2020[21] - The net profit attributable to shareholders was ¥31,884,063.41, a significant decrease of 70.99% from ¥109,921,427.98 in the previous year[21] - The company reported a net cash flow from operating activities of ¥596,268,134.18, which is a substantial increase of 718.35% compared to ¥72,862,326.28 in 2020[21] - The total assets of the company at the end of 2021 were ¥6,680,998,471.87, reflecting a 2.80% increase from ¥6,499,172,209.83 in 2020[21] - The basic earnings per share decreased to ¥0.0624, down 82.97% from ¥0.3664 in 2020[22] - The weighted average return on equity dropped to 1.89%, a decrease of 9.91 percentage points from 11.80% in the previous year[22] - The net profit after deducting non-recurring gains and losses was ¥2,821,921.34, a decline of 96.30% from ¥76,251,880.44 in 2020[21] - The main business revenue reached ¥5,898,953,586.78, a 15.71% increase, while the main business cost grew by 24.61% to ¥5,278,758,841.02[49] - The gross margin for the manufacturing sector decreased by 6.42 percentage points to 10.12%[50] Production and Sales - In 2021, the company produced 39.31 million compressors, a year-on-year increase of 10.40%, and sold 38.11 million compressors, up 3.15% year-on-year[29] - The main business revenue for compressors in 2021 reached RMB 4,793,324,119.10, representing a year-on-year growth of 10.87%[29] - The company produced 77,073 refrigeration devices in 2021, a 66.35% increase year-on-year, and sold 72,569 refrigeration devices, up 29.34% year-on-year[32] - The main business revenue for refrigeration devices in 2021 was RMB 368,985,897.81, reflecting a year-on-year increase of 21.93%[32] - The company produced 20.80 million motors in 2021, a year-on-year increase of 20.95%, and sold 20.75 million motors, up 17.93% year-on-year[32] - The main business revenue for motors in 2021 reached RMB 123,382,767.01, a significant year-on-year growth of 120.88%[32] Research and Development - The company launched 459 new products and improved 349 existing products, applying for 141 patents, including 28 invention patents[36] - Research and development expenses totaled CNY 276,387,233.71, representing 4.56% of operating revenue, with a decrease of 4.44% compared to the previous year[58] - The company has established a comprehensive employee training system, focusing on both pre-job and on-the-job training to enhance skills and knowledge[108] - The company is committed to increasing research and development efforts in key components, including the localization of chips and the development of high-end motor products[79] Market Strategy and Expansion - The company is focusing on expanding its market presence and enhancing brand competitiveness through product innovation and quality management[43][44] - The company aims to produce and sell 40.3 million compressors and 23.2 million motors in 2022, along with 145,000 tons of castings[76] - The company plans to enhance its marketing strategy by integrating digital technologies, including the establishment of cross-border e-commerce B2C stores to expand product lines and improve operational models[80] - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2023[87] Corporate Governance and Compliance - The company has implemented a governance structure that ensures independence from its controlling shareholder, maintaining operational autonomy and protecting shareholder interests[85] - The company has established a rigorous information disclosure process to ensure transparency and compliance with regulatory requirements[86] - The company has established a sound corporate governance structure and a comprehensive internal control system, ensuring fair treatment of all investors and adherence to disclosure obligations[123] - The company has implemented a complete internal control system for all subsidiaries, ensuring that all assets, operations, and strategic planning are under company control[116] Social Responsibility and Sustainability - The company has been recognized as a "National Green Factory Demonstration Enterprise" and has sold 38.1096 million compressors in 2021, saving 6.538 billion kWh of electricity, equivalent to a reduction of 6.518 million tons of CO2 emissions annually[121] - The company actively participates in social responsibility initiatives, including charitable donations and community engagement, while focusing on employee welfare programs[124] - The company has a commitment to sustainable development, integrating ecological values into product development and enhancing environmental protection efforts[120] Risks and Challenges - The company has identified various risks in its annual report, which investors are advised to consider[8] - The company faced challenges due to rising raw material prices, leading to a focus on cost control and operational efficiency improvements[35] - The company faces risks from the ongoing COVID-19 pandemic, which may lead to reduced demand for its products if macroeconomic conditions fluctuate significantly[81] - Labor cost risks are anticipated due to changes in the population structure, which may impact future costs and profitability if service efficiency is not improved[81]

Financial Performance - The company's operating revenue for Q1 2022 was CNY 1,352,326,951.52, representing a decrease of 2.39% compared to the same period last year[4] - The net profit attributable to shareholders was CNY 32,399,807.79, an increase of 46.84% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 14,276,298.17, down by 1.79% compared to the previous year[4] - The basic earnings per share were CNY 0.0634, reflecting an increase of 47.44% compared to the same period last year[4] - Total operating revenue for Q1 2022 was ¥1,352,326,951.52, a decrease of 2.3% compared to ¥1,385,438,055.07 in Q1 2021[16] - Net profit for Q1 2022 increased to ¥34,147,077.33, representing a growth of 49.8% from ¥22,815,536.42 in Q1 2021[17] - Basic earnings per share for Q1 2022 were ¥0.0634, up from ¥0.0432 in Q1 2021, reflecting a 47.7% increase[17] Cash Flow and Operating Activities - The net cash flow from operating activities was negative at CNY -154,752,067.28, a decline of 127.44% year-on-year[4] - Cash flow from operating activities for Q1 2022 was negative at -¥154,752,067.28, compared to a positive cash flow of ¥563,971,593.36 in Q1 2021[18] - The company reported a net cash inflow from financing activities of ¥179,750,096.15 in Q1 2022, compared to a net outflow of -¥323,031,369.99 in Q1 2021[19] Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,577,016,642.30, a decrease of 1.56% from the end of the previous year[4] - The company's current assets totaled CNY 4,606,937,813.48, down from CNY 4,757,151,474.96, indicating a decrease of about 3.15%[12] - The total liabilities of the company were CNY 4,619,245,374.10, down from CNY 4,757,463,903.20, reflecting a decrease of approximately 2.91%[14] - The company's equity attributable to shareholders increased to CNY 1,712,142,537.50, up by 1.93% from the end of the previous year[4] - The company's equity attributable to shareholders increased to CNY 1,712,142,537.50 from CNY 1,679,653,107.51, marking an increase of about 1.93%[14] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 28,459[9] Other Income and Expenses - Other income increased by 201.84%, mainly due to an increase in government subsidies received during the period[7] - Other income for Q1 2022 was ¥23,285,524.01, significantly higher than ¥7,714,514.80 in Q1 2021, marking a 202.5% increase[16] - Research and development expenses for Q1 2022 were ¥50,904,804.62, a decrease of 32.9% from ¥75,916,628.17 in Q1 2021[16] Inventory and Receivables - The inventory level increased to CNY 901,198,575.51 from CNY 851,644,797.66, reflecting an increase of about 5.83%[12] - Accounts receivable decreased to CNY 1,472,956,826.36 from CNY 1,539,261,394.13, showing a reduction of about 4.32%[12] - The company reported a decrease in accounts payable from CNY 995,717,011.12 to CNY 890,702,711.33, a reduction of approximately 10.57%[13] Construction and Development - The company reported a significant increase of 91.87% in construction in progress, primarily due to ongoing investments in a 250,000-ton precision materials manufacturing project[7]

Financial Performance - The company's operating revenue for Q3 2021 was CNY 1,351,351,295.88, a decrease of 8.66% compared to the same period last year[5]. - The net profit attributable to shareholders decreased by 99.63% to CNY 171,315.16, while the net profit after deducting non-recurring gains and losses dropped by 117.80% to CNY -6,647,351.93[5][10]. - Basic and diluted earnings per share fell by 99.78% to CNY 0.0003, reflecting a substantial decline in net profit[6][10]. - Total operating revenue for the first three quarters of 2021 reached ¥4,541,811,466.42, a 26.1% increase from ¥3,601,263,469.37 in the same period of 2020[22]. - Net profit attributable to shareholders of the parent company for the first three quarters of 2021 was ¥22,982,323.01, compared to ¥78,171,052.82 in the same period of 2020, reflecting a decrease of 70.7%[23]. - The company reported a total profit of ¥21,371,470.04 for the first three quarters of 2021, down from ¥155,624,323.29 in the same period of 2020[23]. Cash Flow - Cash flow from operating activities increased significantly by 1,995.28% to CNY 746,169,548.59 year-to-date[5][10]. - Cash flow from operating activities for the first three quarters of 2021 was ¥5,122,100,580.03, compared to ¥3,356,412,068.99 in the same period of 2020, indicating a growth of 52.5%[27]. - The net cash flow from operating activities for Q3 2021 was ¥746,169,548.59, a significant increase from ¥35,612,006.36 in Q3 2020, representing a growth of approximately 1995%[28]. - Total cash inflow from operating activities amounted to ¥5,272,074,013.66, compared to ¥3,465,848,681.91 in the previous year, indicating a year-over-year increase of about 52%[28]. - Cash outflow from operating activities was ¥4,525,904,465.07, up from ¥3,430,236,675.55, reflecting a rise of approximately 32%[28]. - The company received ¥126,506,826.09 in tax refunds, up from ¥79,113,269.39 in the previous year, marking a growth of approximately 60%[28]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,095,393,508.34, representing a 9.17% increase from the end of the previous year[6]. - The company's current assets amounted to RMB 5,233,401,546.76, up from RMB 4,665,359,407.81, indicating a year-over-year increase of about 12.2%[19]. - The company's total liabilities were RMB 5,184,800,576.62, which is an increase from RMB 4,552,459,008.46, marking a rise of around 13.9%[20]. - The total equity attributable to shareholders decreased by 1.65% to CNY 1,670,376,750.77 compared to the previous year[6]. - The total assets and shareholders' equity as of the end of the third quarter of 2021 were ¥7,095,393,508.34 and ¥1,910,592,931.72, respectively[21]. Costs and Expenses - Total operating costs for the first three quarters of 2021 were ¥4,524,487,766.45, up 30.9% from ¥3,452,982,201.08 in the previous year[22]. - Research and development expenses for the first three quarters of 2021 amounted to ¥223,006,803.34, an increase of 31.2% from ¥169,777,502.42 in 2020[22]. - The company attributed the decline in net profit to a significant increase in raw material prices, which raised costs and reduced gross margins[10]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 31,416, with the top ten shareholders holding 57.34% of the shares[12]. - The company's retained earnings were reported at RMB 580,426,485.80, down from RMB 608,576,162.79, reflecting a decrease of about 4.5%[20]. Financing Activities - The company received approval from the China Securities Regulatory Commission for a non-public issuance of A-shares on August 23, 2021[17]. - Cash inflow from financing activities totaled ¥1,155,926,289.33, compared to ¥1,460,914,532.22 in Q3 2020, showing a decrease of about 21%[29]. - The net cash flow from financing activities was -¥305,353,801.54, contrasting with a positive net flow of ¥271,055,119.09 in the previous year[29]. - The company paid ¥1,302,042,106.03 in debt repayments, which is an increase from ¥1,100,317,666.83 in the same quarter last year, reflecting a rise of approximately 18%[29].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥3,190,460,170.54, representing a 50.36% increase compared to ¥2,121,825,299.82 in the same period last year[18]. - The net profit attributable to shareholders of the listed company decreased by 27.15% to ¥22,811,007.85 from ¥31,314,186.58 in the previous year[18]. - The net profit after deducting non-recurring gains and losses dropped by 73.16% to ¥7,276,112.30 compared to ¥27,107,791.55 in the same period last year[18]. - The net cash flow from operating activities improved significantly to ¥596,975,008.07, compared to a negative cash flow of ¥110,593,061.40 in the previous year[18]. - The total assets increased by 9.54% to ¥7,119,480,796.78 from ¥6,499,172,209.83 at the end of the previous year[18]. - The net assets attributable to shareholders decreased by 1.66% to ¥1,670,254,821.26 from ¥1,698,424,732.04 at the end of the previous year[18]. - Basic earnings per share fell by 57.28% to ¥0.0446 from ¥0.1044 in the same period last year[19]. - The weighted average return on net assets decreased by 2.18 percentage points to 1.33% from 3.51% in the previous year[19]. - The company reported a net profit of -474.62 million CNY for Huangshi Dongbei Compressor, indicating a significant loss in the first half of 2021[49]. - Jiangsu Dongbei Electric Motor achieved a net profit of 377.26 million CNY, reflecting a positive performance in its operations[49]. - Huangshi Dongbei Electric achieved a net profit of 1,846.04 million CNY, showcasing strong profitability in its segment[49]. Revenue and Sales Growth - The company achieved a main business revenue of approximately 2.54 billion RMB in the first half of 2021, representing a year-on-year growth of 48.32%[31]. - The company produced 20.54 million compressors in the first half of 2021, a year-on-year increase of 51.35%[31]. - The company’s refrigeration equipment production reached 49,407 units, a significant year-on-year increase of 160.15%[34]. - The company’s motor business generated a main business revenue of approximately 56.39 million RMB, reflecting a year-on-year growth of 341.24%[34]. - The company produced 69,600 tons of castings in the first half of 2021, a year-on-year increase of 63.38%[35]. - The company expanded its commercial refrigeration equipment sales to over 40 countries and regions, focusing on self-branded products and enhancing online retail channels[25]. Research and Development - The company emphasizes research and development, holding over 500 patents and being recognized as a national technology innovation demonstration enterprise, with a focus on high-efficiency, low-noise variable frequency compressors[28]. - Research and development expenses rose by 34.39% to ¥135,399,349.30, reflecting increased investment in product development[40][41]. - The company expanded its product offerings by launching three new compressor products, including commercial deep-freezing technology compressors and R290 compressors[32]. Operational Efficiency and Cost Management - The company implemented cost control measures and adjusted its product pricing strategy to mitigate the impact of rising raw material costs[36]. - Operating costs increased by 59.92% to ¥2,831,084,737.76 from ¥1,770,348,048.37, primarily due to increased sales volume and significant raw material price hikes[40][41]. - The company is actively pursuing smart manufacturing initiatives to enhance production efficiency and meet customer demands in a post-pandemic market[27]. - The company completed a reduction of 498 employees as part of its smart manufacturing initiative, enhancing production efficiency[37]. Market Challenges and Risks - The company faces challenges from rising raw material costs and intense competition in the refrigeration industry, which has pressured profit margins[26]. - The company faces risks from raw material price fluctuations, which could directly impact production costs and overall performance[50]. - Market competition poses a risk, with the company planning to enhance competitiveness through cost control and improved production processes[50]. - Labor cost risks are significant, as rising labor costs could affect future profitability if efficiency is not improved[50]. - Interest rate fluctuations may increase financial expenses, potentially leading to reduced profitability for the company[50]. - The company has a high foreign sales ratio, making it vulnerable to exchange rate fluctuations that could result in foreign exchange losses[51]. Corporate Governance and Compliance - The company did not report any non-operating fund occupation by controlling shareholders or related parties[4]. - The company committed to providing accurate, complete, and truthful information to intermediaries involved in the transaction, ensuring legal responsibility for any misleading statements or omissions[65]. - The company has pledged to disclose any information related to the transaction in a timely manner, ensuring that it is accurate and complete[65]. - The company has committed to adhering to relevant laws and regulations regarding the disclosure of information related to the transaction[65]. - The company has confirmed that it has not faced any administrative penalties from regulatory authorities since January 1, 2017, ensuring compliance with legal obligations[76]. - The company has established a clear framework for managing related party transactions, reinforcing its governance practices[76]. Environmental and Social Responsibility - The company planted over 1,500 trees of 32 different species in its park and maintained 3,700 square meters of ground cover flowers as part of its environmental initiatives[61]. - The Alashankou photovoltaic power station generated 35.596 million kWh in the first half of the year, reducing carbon dioxide emissions by 62,212.8 tons[62]. - The company actively participated in poverty alleviation and rural revitalization efforts, providing assistance to 205 low-income households with a total of 142,900 yuan[63]. - The company is focused on developing energy-efficient technologies, including the newly developed VFW ultra-high-efficiency variable frequency compressor aimed at minimizing energy consumption in refrigerator applications[61]. - The company has committed to supporting the national goal of achieving peak carbon emissions by 2030 and carbon neutrality by 2060 through continuous upgrades in energy-saving and environmental protection technologies[61]. Shareholder and Capital Management - The company has committed to a profit distribution policy, adhering to the three-year shareholder dividend return plan post-listing[73]. - The controlling shareholder plans to increase their stake if the company cannot implement the stock repurchase plan or if the plan is not approved by the shareholders[72]. - The company will hold a board meeting within 10 days to review the stock repurchase plan if stabilization conditions are triggered[72]. - The company will ensure compliance with regulatory requirements during the stock repurchase process[72]. - The company has established a commitment to avoid competition with its controlling shareholder and related enterprises, ensuring no direct competition in current and future main businesses[73]. Legal and Regulatory Matters - The company has confirmed that there are no ongoing investigations related to insider trading in the context of major asset restructuring, which supports its credibility[68]. - The company has committed to ensuring that the restructuring process is not adversely affected by creditor objections[80]. - The company will comply with relevant regulations from the China Securities Regulatory Commission regarding share transfer restrictions[80]. - The company has not reported any changes in share capital structure during the reporting period[94]. - The company has not engaged in any major related party transactions that could impact its financial performance during the reporting period[87].

Financial Performance - Operating revenue for the year-to-date was CNY 1,385,438,055.07, representing an increase of 58.69% year-on-year[6] - Net profit attributable to shareholders was CNY 22,064,527.38, compared to a loss of CNY 4,387,738.76 in the same period last year[6] - The weighted average return on net assets was 1.29%, up from -0.50% in the previous year[6] - Basic and diluted earnings per share were both CNY 0.043, compared to a loss of CNY 0.015 in the same period last year[6] - The company reported a net profit attributable to shareholders of the parent company of ¥22,064,527.38 in Q1 2021, compared to a net loss of ¥4,387,738.76 in Q1 2020, marking a significant turnaround[26] - Total revenue for Q1 2021 reached ¥1,385,438,055.07, a significant increase of 58.5% compared to ¥873,058,707.98 in Q1 2020[25] - Net profit for Q1 2021 was ¥22,815,536.42, compared to ¥4,856,340.68 in Q1 2020, marking an increase of 369.5%[25] - The company reported a total comprehensive income of ¥22,721,872.59 in Q1 2021, compared to ¥5,191,440.13 in Q1 2020, showing a strong increase in overall financial performance[26] Cash Flow - Net cash flow from operating activities was CNY 563,971,593.36, a significant improvement from a negative cash flow of CNY 132,930,197.16 in the previous year[6] - The company achieved a net cash flow from operating activities of ¥563,971,593.36 in Q1 2021, a significant improvement from a negative cash flow of ¥132,930,197.16 in Q1 2020[30] - The total cash inflow from operating activities was CNY 61,629,049.53, up from CNY 9,545,064.91 in the same period last year, indicating strong operational performance[32] - The company received cash inflows from operating activities totaling ¥1,641,789,190.18 in Q1 2021, compared to ¥914,550,086.47 in Q1 2020, reflecting increased sales and operational efficiency[30] - The company experienced a net cash outflow from investment activities of CNY -234,999,986.00, compared to a net inflow of CNY 2,446,460.31 in Q1 2020[33] - Cash flow from financing activities showed a net inflow of CNY 213,825,916.76, a turnaround from a net outflow of CNY -3,666,889.60 in the previous year[33] Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,478,552,465.70, a decrease of 0.32% compared to the end of the previous year[6] - The total assets as of the end of the current period were ¥6,478,552,465.70, slightly down from ¥6,499,172,209.83 at the end of the previous year[19] - The company's total assets as of March 31, 2021, amounted to ¥2,985,097,085.91, up from ¥2,945,247,363.99 at the end of 2020[23] - Total liabilities as of March 31, 2021, were ¥609,089,720.92, an increase from ¥573,431,026.02 at the end of 2020[23] Shareholder Information - The total number of shareholders at the end of the reporting period was 39,265[12] - The largest shareholder, Huangshi Huizhi Investment Partnership, held 57.34% of the shares[12] Research and Development - Research and development expenses increased by 108.99% to ¥75,916,628.17 from ¥36,325,834.32, reflecting a significant rise in R&D investment[14] - Research and development expenses for Q1 2021 were ¥75,916,628.17, up from ¥36,325,834.32 in Q1 2020, reflecting an increase of 109.0%[25] Operational Costs - The operating cost for the current period was ¥1,178,040,878.52, up 54.17% from ¥764,096,151.64, attributed to the corresponding increase in costs due to higher sales volume[14] - Operating costs for Q1 2021 were ¥1,349,084,158.42, up from ¥878,837,466.76 in Q1 2020, reflecting a rise of 53.4%[25] - Management expenses increased to ¥6,412,403.57 in Q1 2021 from ¥3,769,286.98 in Q1 2020, indicating higher operational costs associated with growth initiatives[28] Investment Income - The company reported non-recurring gains of CNY 7,527,898.62, primarily from government subsidies and other income[9] - Investment income showed a loss of ¥7,995,343.29, compared to a loss of ¥1,941,498.75 in the previous year, primarily due to increased discounts this period[14] - Investment income for Q1 2021 was ¥4,125,957.68, a recovery from a loss of ¥1,618,269.31 in Q1 2020, highlighting improved returns from investments[28] Future Plans - The company plans to proceed with a non-public issuance of A-shares, which was approved by the board and shareholders, pending regulatory approval[15] Other Financial Metrics - The company reported a significant increase in prepayments, totaling ¥79,125,386.25, a 45.03% rise from ¥54,557,169.28, primarily due to increased advance payments for materials[14] - The construction in progress rose by 106.68% to ¥43,120,511.68 from ¥20,863,356.28, indicating an increase in long-term asset construction[14] - The company experienced a 36.81% decrease in employee compensation payable, which fell to ¥30,428,230.67 from ¥48,150,043.82, due to the payment of last year's accrued year-end bonuses[14] - The company's retained earnings increased to ¥12,728,644.77 from ¥8,537,617.75, showing a growth of 49.3%[23] - Deferred income as of March 31, 2021, was ¥155,488,157.44, slightly down from ¥162,645,690.20 at the end of 2020[22]

Financial Performance - In 2020, the company achieved a net profit attributable to shareholders of RMB 109,921,427.98, representing a 12.50% increase compared to RMB 97,706,660.95 in 2019[5]. - The company's operating revenue for 2020 was RMB 5,211,242,709.81, reflecting a growth of 5.73% from RMB 4,928,711,194.38 in 2019[20]. - Basic earnings per share for 2020 were RMB 0.3664, an increase of 12.50% from RMB 0.3257 in 2019[21]. - The company's net assets attributable to shareholders rose by 93.67% to RMB 1,698,424,732.04, up from RMB 876,949,493.34 in 2019[20]. - The total operating revenue for 2020 reached CNY 5,211,242,709.81, an increase of 25.9% compared to CNY 4,928,711,194.38 in 2019[196]. - Net profit for 2020 was CNY 192,070,360.44, up 5.3% from CNY 182,125,642.00 in 2019[196]. - Basic earnings per share for 2020 were CNY 0.3664, compared to CNY 0.3257 in 2019, representing a growth of 12.5%[196]. Cash Flow - The net cash flow from operating activities decreased significantly by 81.87% to RMB 72,862,326.28, down from RMB 401,930,887.30 in the previous year[20]. - The net cash flow from operating activities decreased to ¥72,862,326.28 in 2020 from ¥401,930,887.30 in 2019, representing a decline of approximately 81.9%[200]. - The net cash flow from investing activities was negative at -¥120,399,139.00 in 2020, improving from -¥290,892,259.94 in 2019[200]. - The net cash flow from financing activities was positive at ¥87,978,678.26 in 2020, compared to a negative flow of -¥211,650,817.96 in 2019[200]. Assets and Liabilities - The total assets of the company increased by 8.53% to RMB 6,499,172,209.83 at the end of 2020, compared to RMB 5,988,107,456.05 at the end of 2019[20]. - Total liabilities increased to CNY 4,552,459,008.46 in 2020, up from CNY 4,212,505,261.03 in 2019, representing a growth of approximately 8.1%[189]. - Total equity increased to CNY 1,946,713,201.37 in 2020, up from CNY 1,775,602,195.02 in 2019, reflecting a growth of approximately 9.7%[189]. - Cash and cash equivalents increased to CNY 984,287,750.93 in 2020, up from CNY 716,629,911.89 in 2019, reflecting a growth of approximately 37.3%[186]. Market Performance - The domestic market for refrigerators and freezers saw a year-on-year production increase, with domestic sales of hermetic piston compressors growing nearly 18% in 2020, the highest increase in recent years[30]. - Export sales of hermetic piston compressors also recovered, with growth exceeding 20% starting in August 2020, despite a lower annual growth rate of over 9% compared to domestic sales[30]. - The company produced 35.6 million compressors in 2020, a year-on-year increase of 2.50%, and sold 36.9 million compressors, up 9.57% year-on-year[38]. Research and Development - The company has over 400 patents in the compressor industry and is the only enterprise to receive the National Science and Technology Progress Second Prize[33]. - Research and development expenses rose to ¥289,239,836.97, a 9.04% increase compared to the previous year[57]. - The number of R&D personnel is 779, representing 10.95% of the total workforce[59]. Corporate Governance and Compliance - The company has committed to providing true, accurate, and complete information to intermediaries involved in the transaction, ensuring no false records or misleading statements exist[86]. - The company guarantees that all documents related to the transaction are authentic and that any discrepancies will result in legal responsibility[86]. - The company has established a plan to ensure compliance with the requirements of the China Securities Regulatory Commission and the Shanghai Stock Exchange[86]. - The company has committed to maintaining the integrity of information disclosure throughout the transaction process[86]. Social Responsibility - The company actively participated in poverty alleviation efforts, including donating supplies and helping sell 10,000 pounds of fruit from impoverished areas[120]. - The company provided 38,800 sets of protective clothing and 52,300 masks to support local pandemic response efforts[122]. - The company has engaged in various social responsibility activities, including employee assistance and educational support programs[122]. Shareholder Information - The company plans to distribute a cash dividend of RMB 1 per 10 shares, amounting to a total distribution of RMB 51,132,000[5]. - The proposed cash dividend for 2020 is ¥1 per 10 shares, totaling an estimated distribution of ¥51,132,000, which represents 46.52% of the net profit attributable to shareholders[84]. - The company has established a profit distribution policy to enhance transparency and protect the rights of minority shareholders, which was approved by the board and shareholders[81]. Future Outlook - The company aims to produce and sell 39.02 million compressors, 20 million motors, 132,000 tons of castings, 77,344 refrigeration units, and 112,610 refrigeration units in 2021[74]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[196]. - The company is focusing on smart manufacturing as a key aspect of its "14th Five-Year Plan," promoting intelligent management and product innovation[75].